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“!i
/^financial
UomtmtriHl f ronicle
/p t\\t
iii
fP
i;l
.
Street Railway
SECTION.
PAGES
1
113
TO
INCLUSIVE,
I
i-ii!;
ji hi
i!
FOR
INDEX
OF
See pages
i
COMPANIES
103 to 108
^"We have no extra, copies of this
Section.
•I;| i
IBne"b3?“CLa3?y 23, 1 907.
WILLIAM
B.
DANA
PINE STREET, corner
Entered according *2 Act c t
COMPANY, PUBLISHERS,
PEARL STREET, NEW
Congress In the vear 1907, by William,
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Street Railway
SECTION
OF
Commercial
Entered according to Act of Congress in
&
[Financial Thronicle.
the year 1907, by William B. Dana Company, in Office of Librarian of Congress,
NEW YORK,
Vol. 84.
Street Railway Sect
on.
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THE CAR-MILE BASIS OF
Washington, D. O
No. 2174.
FEBRUARY 23, 1907.
The Street Railway Section,
June and October, is furnished
COMPARISON.
why trolley properties are compared on
a basis of their car-miles are quite universally known
and accepted. The passenger in a street car, charac¬
teristically, does not pay by the mile: he pays by the
ride, and, unlike a steam-railroad train, composed of
a variable number of cars, street-railway service is
performed in single car units. Where light freight is
carried it is much more likely to pay a fixed rate, or
possibly a zone rate, than a rate based strictly on
mileage; and, in any case, freight earnings form so in¬
consequential a part of street-railway gross earnings
that they are nearly negligible, falling in much the
same category as car advertising.
It may be conceded/therefore, that the car-mile is
the best unit of rough comparison which can be found,
when one trolley property is set against another.
But, like most fixed and arbitrary methods of analysis,
it has certain short-comings which are of sufficient im¬
The
THE
reasons
penses and car expenses.
Some roads do
do not, at least in their published figures,
this; many
and conse¬
manner that
quently mix two kinds of cost in such a
it is hard to determine efficiency.
The characteristic
item of power-house expense, exclusive of repairs, is
fuel; the characteristic item of car expense is wages,
and if fuel is high at the same time that wages chance
to be low, or the reverse, the combined statement ren¬
ders it impossible to make a useful comparison or to
determine where credit
or
blame is due.
kind of comparison can be made traffic
density must be known. Wages of the car crews will
be the same, whether the car runs full or light; wages
of the power-house staff, fuel cost and maintenance of
way and structures, when reckoned on a car-mile
basis, will of course be much less for dense traffic than
for sparse traffic.
The best index of density is carmile earnings, and if a single figure were to be used to
effect a comparison, that of car-mile earnings would
be chosen.
Leaving out of consideration the abnormal
traffic conditions on the lines in New York City, it
may be noted that the 31.4 cents car-mile earnings of
the Twin City Rapid Transit serve as a very good
example of what may be expected on busy urban lines
Before any
with
a
certain amount of suburban and interurban
mileage in addition. Any figure over 30 cents is ex¬
tremely good; the Chicago Union Traction earns only
2G.2 cents; the International Railway Company, in
and outside of Buffalo, N. Y., earns 26.1 cents, and
the average of a characteristic mixed urban and inter¬
the Connecticut Railway A Lighting,
by the New York New Haven A Hartford
Railroad, is 24.2 cents. Very few interurban lines,
pure and simple, earn 20 cents per car-mile, unaided
by city traffic. The Rochester & Eastern Rapid
portance to throw the investigator entirely off the Railway, conforming to this description, earns IS.6
scent, unless he keeps them in mind. The expense cents; the Lake Erie Traction Company, with its base
account of a steam
railroad has four main divisions:
urban system,
now
at
owned
North Erie, Pa., earns 16.08 cents.
It must be remembered that a city
line, unlike an
and structures, maintenance of
interurban
one, is under constant and strict surveil¬
equipment, conducting transportation and general.
lance
A few roads subdivide the transportation account into
by the local authorities and can effect only lim¬
economies
in car service during periods of the day
the cost of getting business (traffic) and the cost of ited
moving it (transportation), and this is a perfectly when traffic is light. Hence it sometimes happens
correct division, though it does not prevail in ordinary that the car-mile earnings show up badly when, in
practice. A trolley road need not make this division; point of fact traffic and total earnings are heavy, and
the chances are that it has no traffic department the operating expense does not quite follow the in¬
further than that bound up with the person of the ad¬ creased car movement. The operating expense ac¬
vertising manager; but it should divide its ‘‘cost of count usually, though not always, furnishes a check
conducting transportation” between power-house ex¬ for this; thus, a small interurban property in Pennsylmaintenance of way
vania, the W ilkes-Barre Dallas &
Harvey Lake, 1234
34.4 cents per car-mile—a figure
which would place it high in the list of profitable roads
were it not for the fact that operating, expenses and
taxes absorb 32.8 cents of this, leaving
in the 1905
fiscal year not quite enough margin to pay fixed
charges. Per contra, the United Railway & Electric
Company of Baltimore earned only 23.6 cents per
car-mile, but ran nearly 2534 million car-miles in 1905,
at a unit cost of 17 cents, operating expenses and taxes.
The Detroit United, earning 22.6 cents, operated for
13.70 cents, including taxes.
The actual transportation cost, lumping plant and
cars together, usually runs from 634 1° 12 cents
per
car-mile, and varies so widely within these limits, and
miles
long,
earns
little apparent cause, that it
connection with the entire showing
for
[VOL. LXXX1V.
STREET RAILWAYS.
4)
so
is only useful in
made by a road.
Theoretically, country lines ought to show a high carmile transportation cost and city lines a low one; as a
matter of actual practice, no such rule can be laid
down.
On a busy line the power-house cost usually
runs from 134 to 2J4 cents per car-mile; the car cost
is three or four times as great.
Anything under two
cents is cheap for the power plant end; anything under
five cents cheap for the cars.
The variations in this column run
large; sometimes
when full circumstances are not
known.;
City Rapid
Transit maintained its equipment for 1.3 cents per
car-mile; the United Railways of St. Louis for 1.91;
the Detroit United for 1.5, while the Chester Traction
Company, Chester, Pa*, spent 3.1 cents. Differences
in practice have also to be taken into account here.
The St. Louis company make§ a charge for deprecia¬
tion amounting to approximately 1.42 cents per carmile in 1906, which enables it consistently to make
a lower charge for maintenance than it could under
the ordinary system of account keeping.
In a case
like this, the only test is to lump depreciation and
maintenance
charges together, and see how the
aggregate compares with other properties in like cir¬
cumstances.
A depreciation charge has a distinct
advantage in that it stimulates economy and efficiency
in keeping up the property, with a lump sum set aside
for replacements, but it is nevertheless a rare method
of accounting in street railway work in this country,
and consequently has not much comparative value.
The final test to be made gives more satisfactory
unaccountably
so
In the year reviewed, the Twin
results than the
more or
less uncertain data of main¬
and taxes per
important things with much
clearness.
In detailed figures at hand worked out for
thirty-five representative roads, the lowest car-mile
interest charge is 0.32 cent, and the highest is 19.4
tenance.
Fixed charges per car-mile
car-mile show two very
which car-mile records make,
statistical value, is in main¬
tenance.
Car-mileage affects rail-wear materially,
especially on curves in city streets; but as regards
track work in general, paving required by the munici¬ cents, the difference between these extremes repre¬
pality, rail bonding and overhead work, the proper senting a figure of vastly more consequence than the
comparison lies in relative length of line, not in the fine shadings in the maintenance account. Of the
The poorest showing
from the standpoint of
compared, the one with the low interest
degree on an electric road than on a steam one, where charge closed the year with a very handsome surplus;
comparisons are always made in this form, because the other had a large deficit. It is very easy for a
modern heavy freighbequipment, and passenger equip¬ street railway property to accumulate a dangerously
ment as well, tend to destroy a railroad superstructure high capital account, especially in the processes of
at a rapid rate, whereas a trolley track laid in city- consolidation and reorganization, and a city line which
streets on 110-pound to 130-pound rail, paved around had its origin in an old horse-car concern and which
and in between the rails, is immensely stronger than has to pay tremendous prices for real estate and,
the traffic requires.
Therefore the comparisons of perhaps, for franchises, must be expected to show a
the cost of maintaining street railway track, roadbed higher capitalization, even on a car-mile basis,- than
No general rules can be laid
and structures on a car-mile basis may be omitted as a country line does.
useless, except in cases where operating conditions are down, unless it be that five cents per car-mile seems to
almost identical.
The ordinary limits are from % of represent approximately the dividing line, in a large
number of cases, between low and high capitalization
a cent to 334 cents per car-mile.
At least three proper¬
Maintenance of equipment, however, can be com¬ in proportion to earning power.
ties can be named that make a very good showing on
puted on this unit basis with considerable fairness.
Inasmuch as cars and equipment are almost always a capitalization, that runs above six cents per carbought with new capital, and are now coming to be mile, but this is exceptional
Taxes, of course, run much lower. A road that has
maintained out of earnings—as they always should
to
average more than a cent per car-mile for its taxes
have been —the number of cars owned will tend to
is
unfortunate, and is bearing more than its relative
affect the maintenance charge inversely, at least for a
share of the burden, as distributed throughout the
period of years. The reason for this is that the most
expensive part of car maintenance is motor mainte¬ street railways of the country. The extra threenance, and if the stock of motors on hand is large they quarters of a cent per car-mile which some muchafflicted property has to spend in taxes may represent
can be-transferred from the out-of-season to the inits prospective dividends, but the chief importance of
season cars and back again, without immediate neces¬
sity of replacement. Comparisons based on the num¬ the figure lies not so much in this fact as in the general
bers of cars owned, as is the practice in steam railroad indication it conveys that the road is in hostile en¬
accounting, are* misleading in street railway work, vironment/and may have trouble with franchise re¬
owing to differences in climate and in practice. • Some newals. In this way, the information contained in
companies use one type of cars the year around, either the figure showing taxes per car-mile is often con¬
converting them to match the seasons or leaving them siderable, and should not be overlooked.
By way of reducing these somewhat scattered notes
unchanged; other companies duplicate practically their
entire car-body equipment.
Hence the car-mile ap¬ to concrete form, the following table is made up oT
the averages of four successful city lines and of four
pears in this case also as the best basis for comparison.
number of
cars
run.
This is* true
even
to a greater
two
roads
.
Fi:b„
STREET RAILWAYS.
1907.)
3
*
It must by no means be lation of the terminal city entirely in the population
used as a rule to measure street railways by, but, estimate.
In cases where-the population is not served by steam
nevertheless, shows certain tendencies.
CITY LINES.
railroads, he allows \y2 miles on each side of the pro¬
Total
Main!.
O per.
Gen.
Cross
Waq& Malnt. TransCur
*
posed line as the tributary population, provided it is
Taxes. Interest.
Slruc.
uccessful interurban lines.
Miles.
1
S.20G
Equip, port’n.
Corn.
25 .0 c.
1.2c.
1.0c.
0.0c.
Exp.
Exp.
2.4
14.2c.
1.17c.
4.37c.
14.0c.
O.Gc.
3.8c.
c.
INTER URBAN LINES.
2.50 0/284
22.2c.
1.4c.
1.7c.
8.8c.
2.1c.
not
otherwise taken
care
of.
beyond these helpful points, and the excellent
operation
costs, Mr. Gotshalhs book does not touch on the other
things necessary to know as a basis of a decision to
build or not to build an electric railway. More recent
comment on some of these points is contributed by a
paper presented at the last convention of the American
Street and Interurban Association by Mr. E. P. Rob¬
erts.
Mr. Roberts divides electric railways into three
classes—city, suburban and interurban—and points
out that the receipts of a city line proper lie entirely
within city limits, depending in general on the popu¬
lation and area of the city as a whole rather than on
the population per mile of road; thus, in small cities
But
and careful discussion of construction and
ADVANCE ESTIMATES FOR NEW STREET
'
RAILWAYS.
be said in general that four main questions
come up for consideration when it is proposed to build
a vStreet railway, especially when the building is to be
done in territory inadequately served, or not served
at all, by street and interurban lines.
First, what will
It may
the road pay when built? Second, how much will it
cost to build it?
Third, where is the money to come
Fourth, what is the attitude of the community
going to be as regards sale of private right of way,
from?
granting of franchises and imposition of taxes? So
the distance from the residence district to the business
far as we know, there is no treatise which discusses
centre is apt to be short and people walk to and from
in a thoroughly satisfactory manner the preliminary
their work. On the other hand, in a large city the
studies and procedure to be made along each of these
distance between residence and business centres is
lines, although quite a little good literature on the sub¬
apt to be large, so that people have no choice but to
ject has appeared in scattered form during the past
ride.
As a result, a short line in a small city may
few years.
show a much larger population per mile of road than
Mr. W. 0. GotshalTs Electric Railway Economics
a complete and widespread traction property in a large
published by the McGraw Publishing Company of
New York in 1903 is perhaps the best general work. city, and yet the larger property may have and pro baMr. Gotshall suggests that the first duty of the engi¬ bly will have far greater receipts, both per mile and
per capita of population.
neer should be to make a careful although general
investigation to determine the probable business of
the road which it is proposed to build, and that in
making this investigation he should obtain population
statistics and also study the type of the proposed cen¬
tres to be served, whether they are manufacturing
mining, agricultural or of some other variety, and that
these statistics should be set beside
the actual results
operating under conditions in general
lie then gives a list of 14 interurban roads
obtained from
Suburban roads
are
classed
as
those connecting a
with one or more outlying towns and
villages, and those which serve a suburban residence
district.
Generally speaking, the latter class will show
terminal city
greater earnings per capita for equal density of popu¬
lation, providing the population of the terminal city
population per mile of
With suburban and interurban roads alike, the
be excluded from the
road.
parcel
light freight traffic, practically non-existent, if
wholly so, on city lines, becomes an interesting
operating under rather widely varying circumstances,
factor, and has been highly developed in some locali¬
giving for each the tributary population, population
ties.
per mile of track, gross earnings per mile of track,
While expressing clearly the view that each case
gross earnings per capita, and other figures, and in
must be considered by itself, Mr. Roberts says that
the list as given it is observed that gross earnings per
rule-of-thumb methods of calculating the earnings
capita of tributary population range from SI 04 per
of interurban lines can be formulated, which he does
year to Sll 23 per year, the highest figure, by a seem¬
not recommend as accurate, but which may, in some
ing anomaly, coming from the road with the smallest
actual tributary population and almost the smallest cases, be of service. Taking in a very rough way fig¬
ures for the total population on or actually tributary to
population per mile of track. Mr. Gotshall estimates
the line, a formula is used based on allowing a certain
-that a tributary population of from 500 to 700 per
annual income per capita from the population in the
mile of track is the minimum with which a road can
principal city, a greater amount in a town and a still
expect to be successful, although there are cases where
greater amount in the country, with certain additional
a fairly profitable traffic has been built up in connec¬
data supplied from the local conditions.
The author
tion with freight transportation on a basis of 400 in¬
does not give his formula because he believes that in
habitants per mile of track.
the hands of unskilled estimators it would do more
Authorities differ greatly in their method of estimat¬
harm than good; but cites a number of instances in
ing tributary population. Mr. Gotshall takes that to
which it has been applied.
The first five of these
be found from one-fourth of a mile to three-fourths of a
are given in the accompanying table, and make a very
mile on each side of the line, but does not include the
creditable showing:
total
similar.
city which an interurban road
runs into from outlying territory,
lie gives no rule
for the proportion of the population of the large termi¬
nal city which it is. advisable to take, thus obviously
leaving much to the discretion of the investigator.
Several authorities agree with him in his contention
population of
that in such
cases
a
it is often better to ignore the popu¬
and
not
Road
Population-.
No.
1
318,550
008,508
A
3
185,425
47,840
4...
5
...
.
Mr. Roberts
Estimated
Ea rnin as.
Actual
Earned.
§478,252
023,478
220,524
227,377
88,500
$475,301
•
050,478
225,700
210,188
85.0.15
Commerit.
Close.
Fair.
Close.
Close.
Close.
points out that near the principal city a
or less from the corporation
limits and three miles from the proposed electric railperson
residing three miles
[VOL. LXXX1V.
STREET RAILWAYS.
4
i
would seldom, if ever, use it, whereas if he were a few prominent men in the vicinity whose names will
considerably further from the city and three miles carry weight. With this backing it is probable that a
from the railway, he would use it almost as much as trust company or private banking house at the nearest
if he lived directly on the route, provided that there large centre of population will be more ready to under¬
write bonds of the enterprise than will New York
was not another electric or steam road closer to him.
If the road, or the first part of the road, can
It is also evident that if the location of the proposed houses.
railway is along the river, especially a wide river with be built from stock subscription direct, it is needless to
few bridges, the population on the other side of the say that a great deal of money will be saved, for bond
river
might not, geographically speaking, be a underwriters almost always expect a large block of
quarter of a mile distant from the trolley road, but stock to recompense them for their interest in the
from the standpoint of accessibility it might actu¬ matter, and this fact makes it correspondingly hard to
ally be several miles away; yet in some cases, and be¬ raise new capital for future requirements. Many a
cause of connection with steam or electric railways or
trolley road has been strangled in its infancy with the
river transportation or existing stage routes, consid¬ load of capital placed upon it in order that the bankers
erable value should be given to the population quite who financed it might receive sufficient prospective
far from the route.
The population so obtained he profits to recompense them. On the other hand, cer¬
calls the equivalent population, and from a total census tain companies, such as the United Gas Improvement
figure of 1,000 or 2,000 an equivalent figure or basis Company and its allied interests in Philadelphia, or
of 200 or 300 is obtained and used in making calcula¬ the firm of Stone & Webster, in Boston, make a
tions.
speciality of financing promising trolley ventures, and
Where this equivalent is carefully taken, a curve would take up a sound proposition in territory familiar
shows that gross earnings in dollars per year will not to them on a reasonable basis to all concerned without
A curious commentary on the
be very different from the entire figure for equivalent serious loss of time.
population. It usually makes little difference in the relations of new capital to new enterprise is found in
interurban road whether the principal city on its line the fact that a group of Canadian banking houses are
has 100.000 or 500.000 population, providing that especially partial to' street railway projects in South
the principal city is in its general section of the country, America and find a ready local market for the securities
way
.
of these
fair to assume that it would receive more
passenger traffic from a terminal city of 500,000 than
it would from a smaller terminal city; but against this
Mr. Roberts sets the probability that the larger city*
will have more places of amusement, so that it is doubt¬
ful whether the apparent result would hold true in
actual practice.
The freight and express business
from the principal city depends on conditions along
the route, and the same thing holds true with travel
for business reasons and also largely for social reasons,
and is not a ‘J ected by the size of the principal terminus,
while the travel into the principal terminus is- not
affected by its population, provided, asTxffore stated,
that this terminus is the principal city in that general
companies.
prospective taxes are a. matter re¬
quiring most careful scrutiny at the present time. In
some localities the community is eager to improve its
transportation facilities and will grant franchises with
extreme liberality, but this attitude of the mind is
growing rarer every year, and in contradistinction to
it there are many places now where so much is asked
of new ventures that there is little inducement for
them to come.
In Michigan, in Ohio, in Ontario and
at other points along the northermborder of the coun¬
try there is being manifested a widespread agitation
for three-cent fares on city lines, and Michigan espec¬
ially is getting a bad record for excessive taxation of
common carriers.
The only test for this condition is
the experience of roads already built arid operated
section of the country.
under circumstances similar to that which it
which all traffic tends.
If the interurban road has a pleasure resort; it
and hence is the
might
one
to
seem
Having formed
some
rough estimate of probable
business, the actual construction cost of the line is
much
more
data such
ted that the
in
or
be found in
a
number of engineers’
in the thoroughly intelligent discussion
new
road will encounter.
mind that the
easily obtained from ordinary engineering shorter and
as can
hand-books,
Franchises and
case even a
with the
more
is expec¬
It must be kept
tendency everywhere is to grant
restricted franchises than was the
If a bargain can be made
to the terms on which the
few years ago.
community
as
Mr. Gotshall. This ques¬ franchise can be extended at its termination, so much
tion, therefore, need not be further considered here. the better, and it is doubtless worth while to make
There remain to be solved the problems relative to material concessions to secure this end; otherwise,
raising the capital and to determining the status with renewal may be very difficult, especially in the case
of city lines.
the community as; regards taxes and franchises.
A good franchise carries as much weight
As regards raising capital, the best practice, on the with prospective underwriters of bonds as a good
whole, seems to be to start with a competent report engineer's report does and is a matter which cannot
from a civil engineer well known locally and interest be too carefully watched.
provided by such writers
as
I
Railways.
Street
SECURITIES
REPORTS.
AND
remembered that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news the Chronicle contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and therefore In
great part for the value of their securities, upon the population and activity of the country they serve. Hence constant
reference to our State and City Section will be found necessary by those wishing to purchase the stocks and bonds of
street roads.
Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are given at
length in that publication, every one of which items is an essential fact contributing more or less to any correct estimate of
the amount of suburban travel a given road commands.
The Abbreviations used in our Street Railway statements will be found explained in a table immediately following the
This is
one
of
last statement in
A full Index
four Extra Supplements.
our
this publication.
which shows where each
In using^the series it is to be
railway will be found is also given on
£ I&k
See text.
Stock,
GRAYS HARBOR RAILWAY & LIGHT COOrganization.—In 1906 we were advised that franchises were al
for 50 years and had been granted within 4 years preceding tliat date
Qwns about 87 aore3 of land and 25 lots. Operates an electric ligti
plant in Aberdeen and another in Hoquiain.
STOCKS & BONDS—
Date. Interest. Outstatuling.
Stock, $500,000
$500,000
e ,nf»nor>>
Outstanding. Maturity.
Date. Interest.
STOCK <Sc Bonds—
$2,500,000
ABERDEEN, WASH.
1a,
the closing pages.
“• M.
$2,500,000guar.
(
T.
f
«oia
( tee, or First Nat. Bk.t New
Canton-Akron 1st mortgage S1902 5 g. M-S
1,150 000
$2,000,000, g., ($l,000).o* \ Int. at Knickerbocker Tr.
York.
Mar.1,1922
Co., N. Y., Trust.
inttre8tg;tMaeTeland51T^t
g0l!$l80<S.0rtCo!York.
($1,000).... i^ or at Standard Xruat Co.t New
$1,000,uou, g.,
Maturifl C$ltOOOMWW
IstM. Can. Al N. P, $l. S 1903 5 g. F-A
56\000 Feb.l, 1923
350,000 April 1,1936 000,000, g., ($l,000)...*o l Int. at Am. Loan A Tr. Co., Boston, Trus.
1906
6g A.O
at Cit.
6av. & Tr Co., Cieve., Trustee, or
First Nat’l Bank, New York,
100,000 June 1, 1916
Tr. Co., Cieve., O.. Trus.
Bonds.—The remaining $150 000 bonds are reserved for improve¬
Elec co.
Co 1st
$^ 1890
5 MANTr. Co.,
100.000
MayTrustee.
1, 1910
ius. Elec.
ist M
int. at 8av.
Cleveland.
ments and betterments at 75 p. c. of oost.
A sinking fund sufficient Tus
to retire 2 p. o. of the bonds annually, at 105 and int., begins April 1,
Can.-Ak. 2d M. $300,000 < 1906 5 g. M N
300.000 May 1,1909
1911. Bonds are subject to oall on any int. date upon 60 days notice
($1,000) g
(Int. at Cit 8av. A Tr. Co.. Cieve., Trus.
at 105 and int.
See V. 83, p. 155.
5
65,000
Lake V. L. A I. Mtge
See text.
Earnings.—For oalendaryear 1906,gross, $150,072; net, after taxes,
Bonds-Of the $2,500,000 new bonds, sufficient are reserved for prior
liens. Of the $2,000,000 Canton-Akron 1st mtgs., $850,000 are re¬
$75,145; interest, $21,069; surplus, $54,076.
Road.—Operates 9^ miles of traok between Aberdeen, Hoquiam served to retire the Cauton-Massillou bonds. Neither issue subject to
and Cosmopolis.
call. The Canton-Akron Ry. 2d 5s are subject to call as a whole on
Officer?.—Pres., Geo. F. Stone, Seattle; Seo’y aud Treas., Jay D. any interest date at Id and interest. Tue Canton New PhUa. bonds
Crary, Aberdeen. V. 83, p. 155
may be called as a whole at 105 and interest on 3 months’ notice. The
Lake View L. A I. bonds mature $2,000 anuually to 1915, when whole
gold ($1000;...0 S
M.,$100,000, S 1896 6 g. J-D
gold
(Int. at Cleveland
Tus. RR. 1st
($500),
issuefalls due.
Ro*D.—Operates 97.4 4 miles
AKRON. OHIO.
LIGHT
in Nov., 1902, to
OHIO TRACTION &
NORTHERN
CO.—Trolley.
Organization—Incorporated in Ohio as successor
the North. Ohio Traction Go., having exchanged its securities for the
common and preferred stock of the latter per terms in V. 75, p. 733.
In June, If 06, wo were informed that franchises then had an average
o f 17 years to run. In Aug , 1906, stock was increased from $7,500,000 to $10,000,000.
Of the newi stock, $1,033,900 was Issued in
exchange for the common stock of the Cantou-Akron Ry. Owns en¬
tire $2,500,000 stock of the Cantou-Akron Consol. Ry. (which see
below) and guar, that company’s $2,500,000 consol. 5s. priu. and int.
Also owns entire capital stock of the Akron Barberton A Western Ry.
and guar, its bonds, prln. and int.
Maturity.
Stock & Bonds—
Date. Interest. Outstayiding.
Common stock, $10,000,-)
$7,938,900 Dec./j,’06, »*%
of traok. from Canton to Akron:
Navarre; from Navarre
from Canton to Massillou; from Massillon to
to New Philadelphia; from New Philadelphia
New Philadelphia to Canal Dover.
Officers.—Pres., R. F.Denuison; Sec.,
83, p. 435, 817, 969. 1036.
Nutt -V.
to Uhrichvilie.
and from
W. B. Whiting: Treas.,
J. R.
N. Y.
UNITED IT R ACT IO N. -A trolley road.
The eutire outstanding stock of this company is owned by the Dela*
ALBANY,
A Hudson Co. V. 81, p. 1552; V. 82, p. 160.
Organization.—Chartered Dec. 30, 1899, as a consolidation of the
Albany Ry. [chartered in 1863], the Watervliet Turnpike anl RR.
[chartered iu 1*<281 and the Troy City Ry. [chartered Jan. 31, 1866].
See V. 69. p. 1147.1300; V 70, p. 77.
Has contract with Hudson River
Electric Co. of Albany for supply of power. V. 69, p. 541, 909.
000 (par $100)
(......
F an.hises in Troy and Albany, except for Hue on Delaware Ave (a
Ak. Bed. A Clev. 1st M,,>ia0r
300,000
Sept. 1,1915 short line on the outskirts of Albany), which expiree Aug. 8, 1951, are
5 g. M-S
$300,000 ($1000);mort.
believed to be perpetual. V. 79, p. 2698
Has traffic agreement with
£ Interest at Central Tr. Co., N. Y., trustee
covers 27* io miles
Albany A Hudson RR. Co. and the Schenectady Ry. Co., by which
these roads obtain entrance Into Albany and Troy.
North Ohio Trac,,iuort. g., Int. at Central 'Trust Co., N. Y., trustee; or
The Cohoes City Ry. was sold at foreclosure in 1904 and reorganised
$3,000,000 ($1.000)...o* Dime Saviugs A Banking Co., Cleveland.
as Cohoes Rv.Co., with $120,000 stock aud $84,000 bonds; $1’9,150 of
Northern Ohio Traction A j 1903
4 A5g J-J 2,800,000 Jan. 1,1933 the stock and all of the bouds of the new company are deposited with
Light 1st consol. ($1,000) > Int. at Cit. Savings A Tr. Co., Cieve., trus- the Central Trust Co. of New York as security for bouds of the Albany Ry.
gold, $7,500,000
o* ) tee, or at First Nat. Bank, New York.
Acquisition of Hudson Valles — In Deo.. 1906. acquired a majority
rnlTrPm,
Nnl^lHSl OOrtl 5 1906
6 Q-M
1,1909 of the stock and bonds of the Hudson Valley Ry. Co., and iucreased
Sept
Col lr.Con.Notes($1,000).
(Iut at cit. yav. & Tr.600,000
Co., Cieve
, 'Trustee.
its own capital stock from $5,000,000 to $12,500,000 to finance the
Ak. Bar. A \\ cut. mortgage ) ,qiw
°oo ooo
Tnlv l iqss
See V. 84. p. 52.
$500,000 guar. l$l,000). \ 1908
-00,000 July 1,1933 purchase.
STOCK & Bonds—
Date. Interest. Outstanding. Last die., ole.
Bonds—Of Hie $3,000,000 Northern Ohio Traction bonds. $300,000
J
$12.496,000)
are reserved to retire the Ak. Bed. A Clev. gen. mtge. of 1895.
Bonds Debentures."
456,000 May 1, 1919
$456,000, \ 1901 4^g. M.-N.
listed on Philadelphia Stock Kxchauge in Oct., 1901. Of the $7,gold ($1,000)
r s Int. at Nat. Commercial Bank, Albany.
500,000 Northern Ohio Fraction A Light consols., $3,000,000 are
reserved to retire the No. Ohio Trac. bonus, and $1,706,000 are held for Cons, mort., $6,500,000,? 1904 4^sg. J.-D. 1,229,000 Juue 1, 2004
gold ($1,000)
e* s lut. at Central Trust Co., N. Y., trustee.
future requirements; $1,000,000 are 5s, all outstanding; the rest 4s.
The ooupou notes are secured by pledge of $400,000 Nor. Ohio Trac.
Bonds—Of the oon*ol. mortgage of 1904. $3,912,000 is reserved to
A Lt. 4h, $335,000 Can. Akr. Cons. Ry. 5s and $200,000 Ak. Bar. A
retire prior Ileus and #1.359,000 for future improvements and better¬
Are redeemable before Sept. 1, 1907 at 101 up to Sept. 1
West. 5s
ments.
No sinktug fuud, and bouds are not subject to caJU. Directors
1908, at 100*, and thereafter at 1004. See V'. 83, p. 819, S9i.
mav ttx rate of interest, but uot exceeding 6 per cent; present issue is
Dividends— Dividends were begun tu 1906 by the deolaratiou of 2%,
at 4Si p. c.
The debentures may be called on any interest date oa
payable lit Installments of hi% from June 15, 1906. V. 82. p. 1213.
three mouths* uotice at “a 5-per-cent interest rate for the nnexpired
Plant—Operates 106.68 m. of track, extending from Cleveland to term as calculated lu standard iuterest tables.” V. 73, p. 1113.
Akron, and from Cuyahoga Falls through Akron to Barberton, aud
Securities or Albany Railway.
to Kent and Ravcuua.
In addition, the Cautou-Akron Consol. Ry.
Stock & Bonds—
Do?*. Interest. OuUtanding
Maturity
operates 97.44 iu., making a total of 204.12 ui of track. An extension
5th Mortgage
1888
5 M.-8.
$32,000 Sept. 1, 1913
to Wadsworth is under construction by the Akron Barberton A West¬
M. ($500,000).? 1890
5 g J -J.
428,000 Jan. 1,193#
ern Ry., and is expected to be completed about April l,
1907. Also Consol.
0" gold $1,000)
s Interest at Central Trust Co., New York.
owns 1,Oil at res of coal laud in Noble County.
Rails, 50,56, 70 aud
Gen. mort., #750,000,1 1897
496.000 Juue 1,1947
5g J.-D.
80-lb. j and 73-ll». girder, standard gauge; operates 250 ears and
gold
) Central Trust Co., New York, Trustee.
7 snow plows and sweepers. Embraces electric-light systems of
ware
_
*'eNl^l9Q?,
Akron and Barberton.
Report-Year Dee. 31, including in
in 1906.
Fee report tu V 84, p, 337.
Gross
1906 (204.12 tu.
1905 (202.62 ui.
of track)..$1,703,340
both years propertiei
Net.
Charges.
acquired
Surplus
$696,498 $433,174 $213,324
471,503 182,637
Ohio; 1st Vtee-Rresl
dent. Will Christy, Akron; 2d Vice-President and Ocu. Mauagsr, ChaaCurrie, Akron; Treasurer, J. R. Nutt, Cleveland; Secretary, O. F. Moore.
of track).. 1,552,970 654,140
OFFICERS—President, H. A, Kverctt, Cleveland.
Akron.
p.
Gen. offices.
436, 638, 752, 819,
Akron.—V. 82, p. 918, 1213,
891,1037; V. 84. p. 221,331.
1380,1439; V. 83,
(1) OANTON AKRON CONSOLIDATED RY.—A trolley road
Or 4xnizariOM.—Incorporated lu Ohio in August, 1906, aud is a
consolidation of the Canton Akrou Ry., the Canton Sew Phlladel
pliia Ry. and the Tuscarawas Traction Co. Entire stock is owued by
the Northern Ohio Fraction A Light Co , which guarantees the uew
$2,500,009 bonds, prill, and int. 8eo V. 83, p. 135,849. -
Leased line securtUes—
Wat T. A RR.—
(
1st M. tut guar
2ud
The
1889
6 M. - N.
350,000 May 1, 1919
i] Bostou Safe Dep. A Tr. Co . Boston, trustee.
4 1890
6 M. - N.
150.000 May 1, 1919
M.. p. A l. guar.
\ Metropolitan Trust Co., N. Y , trustee.
Albany Ry. gen. inert of 1897 was for #750,000, of which $251,000
consolidation makes reservation inoperative.
Troy City Railway.
Date.
Interest.
Outstand’g
Maturity.
Troy City tstcou.M., > 1892
5 g. A-O
$2,000,000 Oct 1,1942
g..$2.000,OOOw.o*Jfcr s Iuterest paid by Trustee, Central Trust Co., N.Y.
The Troy City leased roads Include Troy A Cohoes, stock $50,000
dividends' uuder lease 7 per cent; Lausiugburg A Cohoes, stock
$15,000, dividends uuder lease, 7 p. e.; 1Toy A Lausiugburg. stock
$700,000, owued bv Troy (.Tty Ry.; total. #765,000. The Waterford A
Cohoes RR.. $25,000 stock, receives 7 p. c. yearly under lease.
were
reserved, but
Securities of
if
6
STREET RAILWAYS.
Dividends—First quarterly dividend, 14 per cent, was paid May
1, 19<»0: same rate since up to and including Feb., 1907.
Road—Operates 85 miles of track, 01 winch 67 miles owned, connect¬
ing Albany, Troy, Cohoes, Rensselaer,
Watervliet Lanaingburg,
Green Island, Wsterford, etc. Has 405 cars. Including 12 snow plows,
9 sweepers and 18 service cars. Carries express and light freight
Latest Ea rn-NQS—For 3 months ending Sept. SO:
Year.
1906
1905
Gross.
Met.
f ixed
$527,162
$232,731
459,075
147,893
Yearsending June 30th.
Annual Report
1900.
1905.
Gross earns.$1,76^,224 $1,714,849
Net.
049,186
621,137
Other inco
19,890
17,603
Net Income.
669,076
638,740
charges.
$87,481
86,581
1906.
I
SurjJtus.
$145,250
61,402
1905
‘
Interest
$254,072 $254,040
Tax.ren’ls,etc 98.000
91,192
Dividends 5% 249,960
249,997
Balance sur.,
72,025
43,511
Officers—President, David Willcox. New York; Vice-President, Abe
I. cuiver: Sec. and Treas., James McCredie, Albany; Gen’l Mgr. Edgar
8. Fassett; 8upt., Chas. H. Smith; Supt. Express and Freight, Chas.
H. Armatage. Principal otllce. Albany.—V. 81, p. 1552, 1611; V 82, p.
82, p. 162, 393, V. 82, p. 1181; V. 84, p. 52.
•
.
•
0)
HUDSON VALLEY RAILWAY.-A trolley road.
In Dec 1906. a majority of the stock and bonds
the United Traction Co. of Albany.
V. 84. p. 51.
,
Organization-—Incorporated August 15, 1901,
was
acquired by
consolidation
of the Glens Falls Sandy Hill <fe Fort Edward Street
Ry., Warren Co.
Ry., Stillwater A Mechanicville St. Ry., Greenwich & Schuylerville
Electric RR., Saratoga Traction Co. and Saratoga Northern Ry., the
capital stock of these roads being exchanged for stock in the new com¬
pany. See Chronicle, V. 73, p. 391.
Has contract with the United
Traction Co. giving it permission to run cars over their tracks into the
cities of Albany and Troy. Carries freight and express as well as
pas¬
sengers.
Franchises >re all perpetual, owns all the stork ($200,000)
and all the bonds <$200,000) of the North River Ry a road
operating in
as
a
,
Saratoga to a connection with the track of the Hudson Valley Ry.
In 1906 p trt of the consol. 5s were converted into debentures in ac¬
cordance with a plan for the readjustmont of the company’s finances
V. 82. p. 1040
In March, 1906, created $2,500,000 preferred stock
to provide for the convertible feature of the debenture “Bs.” V.
82,
p. 751.
■Stock & Bonds—
Interest.
Dale.
Outstanding. Maturity
Com.,$3.000.000. par $100
Pief.,
$2,500,000
(see?
text), 5% non. cum
)
1st
ooproL
$3,000,000
See text.
1901
5g. J-J
Int. at Bankers Tr.
mortgage,
$4,000,000 ($l,000)g.
2,228,000 July 1, 1951
Co., N. Y., Trustee.
May be called at 11
Coll. Tr., $800000
Debenture “A,” fno
Debenture “b,” Inc
1906
1906
1906
Underlying ie/is—
G F. 8. HA F.E.Ist M. (no ? 1891
& int. on any int. date
500,000 dar. 1, 1911
700,000 Jan. 1,1951
2,500.000 Jan. 1, 195 L
6 J-J
100,000 July 1,-1911
op.) ($500A$l,000).g.e. 5 Central Trust Co., N. Y., Trustee.
do
ao.
2d
e
xa M
>1. ($500Ur
($oou)g.c.
\
do
ao.
3d
M ($150 0001
dam.($i5o.ooo)
l
RtW A
Mpnh 1
a Mech.
Still.
1st
m
M
^
6 J-J
o0,000 July 1. 1913
6 A-O
82,000 Apr. 1, 1921
^ May b0 called at 10C on April }902
47,500 Apr 1,1913
J 1893
0 A-O
^ Bank of D. Powers & Sons. rroy, N. Y Tr.
Mech. 2d mtge. { 1898
6AO
202,500 Apr. 1, 1913
$2. 0,000
s Ohms Falls Trnst Co., Gh ns Falla, Trustee
Bonds.—Or the $4,000,000 mortgage of 1901, $482,00<> is set aside for
prior liens and $1,290,000 have been deposited as collateral for the
coll tri.stfis. The debenture “B” bonds are convertible into
pref.
stock from March 1. 1908, to 1917, inclusive. Coll tru-t 5s are re¬
deemable at par and int. on 30 days’notice.
Interest on the deben¬
ture “A*’ and *B’ bonus is neither cumulative nor
obligatory.
REPORT.—For fii-cal year ending Dec. 31, 1906. gross, $585,317;
net, $229,107; fixed ( barges, $235,813; deficit, $6,706
Road-—Maui One extends from Albany and Troy northward along
the Hudson through the villages and towns of Waterford, Mechanic
ville. Stillwater, Schuylerville, Greenwic h, Fort Edward, Sandy Hill
Glens Falls and (’aidwell to Warrensburg. The Saratoga division
which bran-hes off from the main line at Mechanicville, provides a
line from Alba< y and Troy to Round Lake, Ballston and Saratoga,
cons.
with a branch from Saratoga Springs to Glens Falls, via South
Glens FallH, which branch was completed in June, 1903. Total
main line 98 17 miles, and branch lines, 18*06 miles, of which 89 miles
Is over private right of way; ho< ond track, 3*61 miles; sidings, 7 miles;
making a total of 126 86 miles of track. Ralls 60, 70 and 80 ib. TStandard gauge.
Operates 97 passenger ears, 7 snow plows,
2 electric locomotives and 7 express cars.
Company owns
KaydprosB Park, at Saratoga Lake; Ondawa Park, between Greenwich and
Schuylerville; Fori William Henry Park and the new Fort William
Henry Hotel at Lake George.-V. 83, p. 155. 213,10985 V. 84, p. 51.
ALLENTOWN, PA.
LEHIGH VALLEY TRANSIT CO-A trolley road.
Organization. —Incorporated in Pennsylvania n Nov. 3, 1905, and
is a reorganization inn er foreclosure of the Lehigh
Valley traction
Co., the Ph la & Lehigh Val. Trao., the Allento*n <ft SUtington and
the Coplay Egvpt v Ironton St. Ry as per plan in V. 79. p. 733. 1462.
Also leases the guakertown Traction Co. for $15,000 per annum.
Owns tiie following stocks aud leases:
0*p. stock,
Sawe of comj any—
Oirned. Jr tal stue.
Allentown Elec Light & Power Co. (common)
$150,000
$150, 00
do
(preferred)
10 <00
i.50 0<>0
Quakortown Traction Company
300.000
275.000
Chestnut Hill <*>■ Syrtughouee Turnpike Road Co
64,900
70 OOO
Blatingtou Fow-r < o
50,000
50 000
.
.
KittersMile Hotel (’o
Allentown. A Bethlehem Turnpike 1
o.
(corn.)...
100.0 »0
100,000
25,000
25,000
do
(preferred)
None
2C,000
Lease of Allentown A Coop-rsburg Turnpike Co.
Lease of Betbleh*m <fc Nazareth Pass
Ry. Co.; lea^e is for 999 years at
5% on stock and bonds
By owner-hip fa majority of the stock of the Allentown El. L. A P.
Co. and all the stock of he Hlatington Power Co it controls the busi
ness of the following lig >t, heat and
power companies:
Allentown Electric Light A Power Co.
Bethlehem Electric Light Co.
?
Lo ised to the Allentown Eleo.
South Bethlehem Elec. Light Co. £ Light <to Power Co.
,
Flatington
.'ompany.
Citizens’ Elec Light, He.,ting ft Power )
Leased to the Slatlngton
Co. of Sl-tiugiou and WHnutport.
) Power Co
Stock & Bonus Dale. Interest. Outstanding.
Maturity.
Com.,$3,000,0<*>, $50
$3,000,000
Pref ,$5,000, 00 $50,5 >
a cum 000
p.c. cum. after 5 yrs. S
5 000,000 *
1st M , $5,000,000 g<> d / 1905 4-5g.M H
Dec. 1, 1935
4,700,000
($1,000)
.c$ Guaranty Trust Co S Y.. Trustee.
Cons. M., $7,500,000. / 1905 4-fig.J-D
2,040,000
Dec 1, 1935
,
gold ($1,000)
i
s Lehigh Valley Tr. A 8. 1) (Jo., Allent., Trust.
Quakcrtown JTac. 1st mort., j 190L fig. M-8
300,000 Sept. 1,1931
$300,000, g.. $ 1OO $200, £ Int. at Commonwealth Tr. Co Harrlsb.,
$500, $1,0« 0)
c* )
trust. Can be called at 105 and lilt
Beth, a Naz. St. Ry. stock
150 000
5 p. o. guar.
Bonds
5
150,000
classes) is held in
a
voting trust
LXXX1V.
for three
years
Bonds-Of the $5,000,000 1st mtge., $2,770,000 bear 4 p. c. in¬
terest and are all out, and $2,230,000 are 5 per cent.
lutsrest at
Brown Bros.
& Co., Philadelphia.
Of the $7.500,(CO consols.,
$2,500,000 are 4s and the other$5,000,000 5s. The latter are reserved
to retire the first mortgage. The 1st mtge bonds are redeemable on
any interest date, the 4s at 105 ami the 5s at 110; $300,000 of these
bonds are reserved to take up the $300,000 Quakertowu Tract, bonds.
8ee V. 82, p 628. Interest on the consol, bonds is payable at the com
pany’s office or at office of Brown Bros. A Co., Philadelphia. These
bonds are not subject to call.
ROAD—Owns 107 miles of road and. 14*5 miles of 2d track, connecting
Allentown, Bethlehem, Slatington, Quakertown, Lansdale, Ambler
and Philadelphia.
Leases 10 miles and «ontrols 10 5 miles through
stock ownership. Total operated 142 miles.
Standard gauge. 70,80
and 95-ib. T and girder rails. Operates 141 cars.
Latest Earnings.—For fiscal year ending Nov. 30, 1906, gross,
$1,077,880, net, $415,357: fixed charges, $317,874; surp., $97,483.
OFFICERS—President, Col. H. C. Trexler. Vice-Pres., E. M. Young',
Secretary and Treasurer. Chas. N. Wagner; Gen Mgr., Warren 8.
Hall; Auditor, C.M Walter.—V. 83, p. 96, 1347.
ALLENTOWN & READING TRACTION CO
—A trolley road.
In Nov , 1905 it was
reported that control "of this company bad
acquired by the Pennsylvania RR. V. 81. p. 1492.
Organization-Incorporated April 25, 189S, aud leased the Allen¬
town & Reading Electric Street Ry. for 290 years from June 4,1898.
been
On Feb
6, 1902, leased for 290 years the Kutztown A Fleetwood St
Controls the Kutztown Light, Heat.« Power Co. Connects
with United Traction Co. tracks from Reading, thus forming a
through
line from Allentown to Reading.
STOCK & Bo^os—
Date. Interest.
Outstanding. Maturity.
‘took, $750,000, $50
$250,000
1st mort., $250,000, gold,? 1900
5 g. J-J
250.000 J’ly 1,1930
$100, $500 and $1,000
S Int. at Fidelity Trust Co., Phila., Trustee.
Railway
l$20bK000;*arlepTtO<1d
M., $750,000.
1st consol
1902
1902
200,000 Jan. 1,1932
5
J-J
300,000 July 1,1932
($500 A $1,000) .cAr (Int.atInteg.Title Ins.<fcTT.ro..Phila.,true.
Loans payable June 30, 1906
$166,607
Bonds—Ot the $750,000 of new consols. $450,000 are reserved to
retire prior liens.
( hey are subject to call at par atw July 1, 1917;
no sinking fund.
The first mortgage bonds are redeemable after
July 1, 1910, at par.
Earninqs—For year ending December 31. 1906. gross, $175,063;
net, $73,912
In 1905. gross, $161,593; net, $57,655. '
Road- Operates 39'60 miles main line, 7*50 miles sidings—total,
47 10 miles; 4t cars
OFFICERS—Frcst, H.E. Ahrens,Reading; Vioe-Prest S. A. Hoffman;
See.. A^a R. Beers, Mauch Chunk; Treas Geo. B. Schaeffer; Supt., I. S.
Ruth, Allentown.— V. 81, p. 1492; V. 82, p. 216.
?
g.
g.
.
,
Int atGlens Fallg Tru8t Co., Glens Falls, Tr.
,
Still. &
Stock—Stock (both
from Nov 3,1905.
[VOL.
...
,
AMHERST,
MASS.
AMHERST & SUNDERLAND STREET RYOrqanization.—Chartered in 1896. Owns 162:) miles of single track.
STOCK & Bonds—
Date.
Interest. Outstand'g.
Maturity.
Stock, $120 000
$120,000 Oct., ’02,2%
1st
mortva-'e
irniu
gold
<*5001 '
$117 000
*
^ 1304
7’VT;5
Interest
<-*r
5 F-A
117,000 Feb. I, 1924
at First National Bank, Amherst,
E D Hangs, trustee
Dividends—2 % was paid Apr 7 Sc Oct. 15,1900, Apr.20.1901, Oct. 21,
1901, April 20, 19 2, and O^t. 22, 1902. None nince
Gross earnings
from operation for year ending Sept. 30, 1906, $38,364; net. $10,034;
fixed charges, $\467; surplus, $2,567. President, W\ I> Cowls; VioePresident and Treas., M. A. Dickinson; Clerk, Chas. II. Edwards;
Supt.
and Gen. Man.,II. M. Alcrich.—V. 74. p. 93; V.
78, p. 701.
-
-
l
AMSTERDAM, N. V.
AMSTERDAM STREET RR.—This road, together
with the Cuyadiuta
lectric Ry., was consolidated in December,
1902, .with the Fonda Johnstown & Glovesville RR. see statement of
the latter in Railway
and
Industrial Suction.
ANDERSON.
IND.
INDIANA UNION TRACTION CO-.A trolley road.
Organiz^g n — incorporated in Indiana on June 9, 1903. Leasee
Union Traction Co. of Indiana from June 30, 1903, for 999 years.
Original learn- provided for dividends on the common stock of the
Union Tract. c:o. (in addition to fixed charges and 5 i». c. on the
pref.
stock), but this lease was modified by vote of stockholders of both
companies in July, 1904, and dividends on common
ek of Union
Traction Co.
ow oeptnd upon earnings
In Dec., 1905, acquired
the Indiana Northern Traction Co., subject to $500,000
mortgage.,
prin. and int. of which is guar, by Indiana Union Trao
V. 8l, p.
1848.
In April, 1906, ao. ,uired entire common stock of the Muncie
Hartford A Ft. Wayne Ry.
V. 82, p. 805, 869, V»4l. In June, 1906.
leased that company and in addition to operating expenses, interest
on bonds. Ac., pays a rental
equivalent to ft p. o. on Its $5oO.()00 cum.
pref. stock. See V. 83. p. 96
In Juno. 1906, acquired the road of the
Muncie a/ Union City Trac Co. from Union City to Muncie. Owns the
company s entire $500,000 stock and guarantees its bonds, prin. and
int.
V 83, p 8 6.
STOCK & Bonds—
Date.
Interest. Outstanding. Maturity.
Stoek, $5,000,000 ($100)
$4,990,000
1st mortgage. $5,000,000? 1903
5 g A O
1,000,000 July 1, 1933
c* \
($1,000), gold
Int. at Girard Trust Co., Phila., Trustee.
Indiana Nor Trac 1 st M. )
1«03 ft g.. A-O
ftoO.OOO Oct. 1. 1933
$500.OcO, gold
($100f> Int. at Trenton (N. J.) 1’rust <fe Safe De$500and$l .<h 0)gu«*r c* )
posit Co.. Trustee.,
M. H. A Ft. IV., 1st mort., ? 1904 ft g. J.-J.
1,000.000 Jan. 1, 1935
$1,000.*K)0, g.($l ,000)0* $ Int. at Guard. Sav.A Tr.Co., Clove..Trustee.
Mun. A Uu C M $925,( 00 t 1906
ft g J-J
925,000 July 1,1936
guar, gold ($1,000) ..o' < int. at Fidelity Trust Co., Phila./Trustee.
Bonus
Of the $5,000,000 bonds of 1903. $4,000,000 are reserved
for extensions
and
improvements,
but
can
only
lie
issued
when
net
eamlm/s
are 1 Jo
times
interest
charges on
out
standF g bonds .over and above rental
payments to i nion Trac¬
tion Co. Sinking fund, 1*4 p. c. per annum of outstanding bonds be¬
came operative on July 1, 1904.
Fund is to be invested in the bonds
at not above 105 and interest, and bonds may be drawn for the sink¬
ing fund at that price, but are not otherwise subject to call until after
July 1, 1908, when all may bo redeemed at 105 and interest, on any in
terest day.
The Indiana No. Tract, bonds are subject, to call hg 105
and Interest on six weeks’ notice. V. 82, p. 805. The Muncie Hart. A
Ft. W. bonds can be called Jarr 1, 1925, or after, at par. A sinking fund
on those 'iouds of 2hi p. o. of gross earnings
p. a. began July 1, 1905.
See V. 80, p. 1059
The Muncie A Union City bonds are subject to call
,
after ft years at 105.
Are
Indiana Union Traction Co.
Stock.—Listed
guaranteed, principal and interest, by
on Phila. Stock Exchange In
May, 1905.
Earn<nq$- For the calendar year.1906 were: Gross, $1,943,101;
net, $947,84f*; fixed ehan.es, Including dividend on pref. stock of
Union Traction Co. of Indiana, 1832,333; surplus, $115,502.
Road—Besides the city lines m
Marion, Anderson, Munoie, Alex
road from Anderson
Summitville, Fairmount, Jonesboro, Gas
branch from Alexandria
(via Orestes and Dundee) to Elwood, and from Elwood to Tipton,
also an interurhan line from Muncle, via Yorktown, Daleville, Chcsterlield. Anderson, Pendleton, Ingalls, Fortville, McCordsville and
Lawrence, to Indianapolis; also an interurhan line from Logansport,
via Kokomo, Tipton. Atlanta, Arcadia, Cicero, Noblesvllle, Carmel.
Broad Hippie, to Indianapolis, and from Peru to Kokomo; total track
aggregates 210 miles of interurhan and 50 miles of city lines, standard
gauge. Also a line from Auderson to Middletown. 10 miles, put in
operation Aug. 1, 19‘'5: likewise Indiana Northern Traction, 20 miles
or tra< k between Marion and Wabash, also Muncie Hartf. <fe Ft. Wayne
By., 44 miles, from Muucie to Blufftou, via Eaton, Hartford City,
Montpelier, Keystone ami Poneto and Mun. & Union City, 34 miles,
from Union tity to Muncie; total, 363 miles ot track.
Has un
der construction a line from Anderson to Elwood, 12 miles; from
Muncie to Alexandria. 16 miles, and from Middletown to Newcastle,
12 miles: total, 40 miles. Through < ars are run between IndianaDolis
and Ft W-iyne in ctu junction wifh the Ft. Wayne A Wabash Valley
Traction Co V. 83. p. 1102. Provides package freight service between
Indianapolis and Muucie and Indianapolis and Logan so or t and Peru,
and to all other points on the system. Operates through freight se vicebeween Iodi napotisand Ft. Wayne. By.contraotuntil Nov..1933,
cars run over tracks of Indianapolis Street Ry
in Indianapolis. A
large central power station, with necessary storage batteries at
Anderson, operated on a three-phase system, with 14 sub-stations
likewise equipped with storage batteries, operates entire system.
andna and El*ood, owns an interurhan
(via Linwood, Alexandria,
City and Soldiers* Home) to Marion, with a
--
7
STREET RAILWAYS
Feb., 1907. J
STOCK & BONDS—
8tock, $300,000 ($100)
1st M., $150,000, gold >
Date.
Maturity.
Interest. Outstand'g.
$150,000
1896
5g. J.-J.
9o.000 Jan. 2. 1916
($l,000),8.f.,red.l04.e S Interest at Old Colony Tr. Co., Boston trustee.
Earnings—Year to Dee. 31, 1905, gross, $71,527; net, $16,951.
Road—Operates 6 miles of trolley track.
OFFICERS—Pres., Thos. Bardon; See. and Treas., G. F. Merrill.
ASHTABULA, OHIO.
CO —
STOCK (Sc Bonds—
Date.
Interest. Outstanding. Maturity.
Stock
$150,000
1st M„ $75,000, gold, ( 1891
6 g. J-J
75.000 July l, 1911
1,000
o*Ar (Int. at Central Trust Co.. Trustee. N Y. City.
Earnings—For year ending April 30,1906, gross. $59,738.
Road—Operates 5 miles of track on 5 miles of street.
OFFICERS—President, F. B. Wairner; Vice-Pres., F. J Wettach; See. <fe
ASHTABULA RAPID TRANSIT
Organization—Chartered Got. 7, 1890.
Treas
,
E. W. Savage;
supt., E. R.
McDowell.
PENNSYLVANIA &~OHIO R Y -A
Organization—Incorporated on March 17, 1898.
trolley road.
In April D 06.
control was purchased by L. A. Robison,Gen. Pass Agt. of J’ittsb. A
Lake Erie RR., aud it was reported the road would be consolidated
with others.
See V. 82, p. 929. On May 26, 1906, authorized
capital was increased from $700,000 to $1*600,000 and a new bond
issue
9 express cars and
McCulloch, Indlanap.: Pres.,
Phila.; 2d V.-P.,
Edwards; Tre s., John
Win. H. Forse
and transfer
Equipment.—143 city cars, 64 Interuroau ears,
120 service cars.
OrFt 'Eps*—Chairman of Board, Geo. P.
A.W Brady, Andersen ; 1st V.-P., ,1. Levering Jones,
W. Kesley s. ho- pf. Clu.; 3d Vice Pres., D. G.
J. Collier, Phila.; See , Win. C. Sampson; Asst. Treas ,
Jr.. Anderson; Gen. M«rr., H. A. Nicholl. General oillces
authorized.
V. 82, p 987.
Date.
Stock & Bonds—
Interest.
Ontst'ind'g.
Stock (p.$100),$1,600,000)
$900,000
auth
S
5 g. MAS
600,000
1st inort. $600,000 gold.o* >1901
$500 each
s lut at Citizen s’Sav. AT
Jefferson Division! 500) f 1902
5 g. MAS
$100.000
....
V Int. at Citizens’ Sav
.
Geu mtg., $900,000 gold (1906
5 g.
Mr turity
Mar. 15,1921
Co.. Clev., Trustee.
100 000 Mur. 15.1922
A T Co Clev .Trustee.
200.000 Sept 15.1926
Clev..Trustee
to re¬
bonds.
(1) UNIO.Y TRACTION CO. OF INDIANA.—A trolley road.
i
and has built
Organization.—Incorporated May 28,1903,as a consolidation of the
miles, and
Union Traction Company of Indiana (incorporated on June 21 1899),
miles. A
and the Indianapolis Northern Traction Co. (incorporated In April
opera¬
1P02). Throneh consolidation the capital was increased from $5,UOO
OuO ($4 OOO.OUO com. and *1.000,000 pref ) to $8,500 000 -$1,000,000
Officers—President, L A Robison. Pittsburgh; Secretary, W. B.
of which remains pref. The additional $3 500,000 oommon wasdistrl
Morris, Pittsburgh; Treasurer, B. B. Seymour, office at Ashtabula.—
bated to Union Traction stockholders in the shape of a stock dividend
V. 74, p. 478; V. «2, p. 929, 987.
of 70 per cent
V 76. p 1302. Leased In 1903 to the newly formed
Indiana Union Traction * o. for 999 years for Axed charges 5 p. c div
ASTORIA, OREGON
pref. stock, Ac. See terms in V. 79, p. 2455. Franchises are geuer
ally lor 50 years
ASTORIA ELECTRIC OOMPANY.-A trolley road
The Indianapolis Northern Trac. assumed payment of principal and
Organization—Incorporated in Oregon Mar. 12, 1901, and is »
interest of half ($200,000) of the bonds on the Broad Ripple Traction
reorganization of the Astoria Street Railway, sold at fori-closure on
Co., and also half of the interest of the remaining $200,000 bonds for
Julv 2, 1900. In Mar.. 1902, acquired the West Shore Mills Co electric
iO years from May 1, 1903.
See V. 78, p. 1167.
light plant, and also the Astoria Gas Ltght Co. Now does all the eleo¬
STOCK & Bonds—
Bate, interest. Ontst'd'g Maturity trio power, electric light and gas business of Astoria, and also has city
Common, $7,500,000, $100
$7,500.00‘>Jan ,’07,81% contract.
Preferred, 5 per cent, cum >
^ a
oe,
a nnn
»n»;
Date. Interest. Outstand'g. Maturity.
Stock <Sc Bonds—
5 A 'O 1,000,000 2 Oct, Ob Stock,
$1,000,COO ($100).. !. ..A'
$300,000 ($100)
$300,000
Anderson Elec. St. 1st M., g.)
1892 6g. J - J
150,000 July 1,’12 1st Mtge., $150,000
1902 6 AO
150.000 Apr. 1,1922
($1,000 each) assumed
e $ Int. at Farm. L. A T. Co., Trus.,N.Y.C
For year ending March 1, 190*1. gross, $99,422; net.
Citizens 1st M., $25<>,oOO
c,|
1897 6g. J D
147,500 Deo. 1, *27 $4Earning^—
,926 tlxed charges. $9,000; surplus. $3 2,926.
s. f., subjrct to call at
105, ;> Interest at Guar. Trust A Safe Deposit
Road—Operates 5 miles of track an 1 8 ear**.
denom. $500 and $1 ,<>0o
!
Co., Philadelphia, trustee.
Officers—Pres., 8.Z. Mitchell. New York: V.-P., 8. S. Gordon. Astoria-,
Marion City 1st M., $400,000, s
1895 Hg.M-N
400,000 Mayl,1915 Sec.
and Treas.. C. N. Huggins, Portland, Ore ; Supt., C. A. Coolldge.
gold ($1,()()0>
ofInt. at Mercantile Nat. Bauk, N. V.
1st gen. inort., $5,000,000, >
1899 5 g. JAJ 4,293.000 July 1,*19
gold ($1,000)
Oivr* S
Int. at Trust Co. of Am., N Y., trus.
ATCHISON, KANSAS.
Ind’polts Nor. Trac. 1st M. 1
1902 5 g. JAJ 5,000.000 July 1, *32
ATCHISON
RY- LIGHT & POWER CO$5,OOO,000, gold ($1,000), £ Interest at Colonial Trust Co., New
Organization—Successor iu 1895 to the Atchison Ry.. Klee. L. & t\
guar.p. and 1. by Un.Trao e' )
York, trustee.
Stork and Bonds—Ot the $5,000,000 general mortgage, $707,000 are Co. Controls electric railway, lighting and gas properties of Atchison
STOCK <Sc Bonds—
Date. Interest. Outstanding. Maturity.
reserved for underlying bonds. See V. 71, p. 1013. Oommon and pref
Common. $500,000
$500,000
stock and gen. mortgage bonds are listed oil Phila. Stock Exchange
Preferred, 7%, $-100,000
400,0oO
See text.
Pref. stock is redremaole after Dee. 15, 1910, at par and unpaid divt
dends, on 3»j days’ notice.
UMt1,
Lil noo'mV l»5. 1995
150.000 July 1.1915
nndends. Pref. stock of Union Tract. Co.dates from Jan. 1,1901.
EiVh N»t.$Bk!?A‘tcUwoo STrui't<>e- Mercantile Tract Co.. New York.
First div. Oct. 1, 1901 (for nine mos., Jan.’ 1, to Sept. 30), 3% p. o.; In
Divi-dtn ts
Seven per ceut per annum is being paid ou pref stock.
1802,1903.1904. 1905 mid.19* 6, 5 p. o. On common have been: in
Road—Operates
8^ miles of track.
In 1907, Jan.,
1903, July 1 p. o.;iu 1904, Jan.,
p. o.; July, 1 p. o.
OFFICFRS—President, W. P. Waggener: Viee-Pres’t. J. P. Brown:
8? p. 0. V. 80, p. 651, 713; V 81, ]> 614; V. 84, p, 52, 340.
Treas., W. W. Hetherington; 8npt , J D. Hackstaff.—V. 81, p. 1099.
offices.
Andeisou, I ml
VT.83, p.37, 99, 388.
-
MAS
($500) o..
S int. at Citizens’ Sav. ,v T. Co ,
Bonds—Oftlieuew gen. mtge. bonds. $700,000 are reserved
tire nrior liens; the new bonds are being exchanged for the old
Owns and opeiates the Conueaut city line,
miles,
westward from Conueaut to Kingsville and Ashtabula,%14
south from Ashtabula to Jefferson,
10 miles; total. 28
through line between Cleveland, Ohio, and Erie, Pa., is now iu
tion, of which this road forms a part.
on
,
.
..
ANNISTON, ALA.
ANNISTON ELECTRIC & GAS CO.Orqanization—Incorporated In New Jersey in 1899 to take over
the Anniston Electric Co. and the Oxford Lake Line, sold at fore¬
closure August. 1899; also acquired at receiver’s sale the Anniston Gas
and Light Co. General Eleotrio Co. Interested.
STOCK & Bonds—
Date. Interest. Outsland'g. Maturity.
Stock, $250,000 ($100)
$250,000
1st inort., $300,000 ($100. \
1899 5 g. J D 300.000 Dee. 1, 1929
o* S Int. at Balt. Safe Dept. A Tr.Co .Trustee
$500) gold
Bonds—Entire issue may lie called after 5 years at 105 and
Smkttig fund of 1 per cent of bonds outstanding becomes
interest.
operative on Dee. 1, 1905, but to be available for bond redemptions
only if the money cannot be advantageously employed ‘*for the acqnl
sition of permanent extensions and additions.”
Earning—For calendar year 1906, gross, $130.”59; net, after
taxes, $11,864. In 1905, gross, $106,015; net, $40,207.
ROAD—Operates 10 miles of road from Auutston to Oxford Lake, lu
eluding 5 miles of track on city streets.
Officers.^-Pres.. *, ll Jackson, Schenectady, N.Y.; 8eo. and Tr., II
M. Frauds, Schenectady,
Anniston.-V. 68, p. 928;
N. Y.; Gen. Manager,
V. 69, p. 283.
Howard W. Sexton.
ASHEVILLE, N. G.
CO.,
General Electric Co. The
Asheville Electric Co. is a consolidation of the Asheville Street RR
the Intermontune RR the Asheville A Biltiuore St. Ry. A Trans. Co
and the Asheville Elect lie Co
Owns Riverside Park.
STOCK & B -DSDate. Interest. Out stand'g. Maturity.
Common, $750,000. $100
$532,500
1st inort.. $750.0**0 ($M>0( 1901
750,000 May 1, 1941
5 g. M-N
amt $1,000), gold
e* s lut. at Old Colony Tr. Co., Boston, Trustee
Bonds A s. r. of llV> became operative on May 1, 1906. Bonds
subject to call at 106 and lut after that date.
Earnings— For calendar year 1900: Gross. $239,099
net. $34.0 >5.
Road—Operates 12 27 miles, standard gauge. In Asheville; luelud
lng second track and Hidings 14*16 miles; 33 ears.
OFFICERS— Fres J. E Rankin; Vioe-Pres., E. R. Coffin, New York;
Beo.and Mgr., II. W. Plummer; Treas., II. M. Francis, 62 Cedar 8t., N.Y.
ASHEVILLE ELECTRIC
Organization — I* controlled by the
,
,
-
.
ASHLAND,
■
WIS.
AND STREET
Organization—Chartered In February, 1896, as successor to Ashland
Lighting A Street Ry. Owns exclusive eleotrio light and gas right* in
city, and bonds cover lighting plant. The Kleotrioal Securities Cor¬
ASHLAND LIGHT, POWER
RAILWA Y-A trolley road.
poration owns $50,000 of the
bonds.
V. 79, p. 2645.
ATHENS GA.
ELECTRIC R AILW A Y-A trolley road.
Organization—Purchased road at foreclosure sale in June. 1894.
New charter granted June. 1895.
Haseoutract to furnish arc lights
to city; also incandesoent lamps to private parties.
Franchises per¬
ATHENS
Oo'ober, 1901,
Nov.. 1902,
operating two power stations driven entirely by water wheels,
and avoiding 5 250 horse power. In 1906. complete 1 a steam power
plant of ,000 li. p and made other additioni to tue generating equip¬
ment,
V. 81 p. 1492. lu June 1906, Increased its capital from $i425,000 to $275,000. V. 83, p. 15i.
Stock & Ronds- oate.
Interest. Outstanding
Maturity.
Stock, com. $.25,000...
J -J
$225,000 Jan.. ’0". 2^%
Stock, pref..6 p.c ,oum.
6 J. J.
50 OOO Jau, ’o7, 3%
6 k. J.rJBauk, 12.000
July trustee.
i. 1910
<i 0Oium\ni9
1896
niort.
i
savings
Columbus, Ga.,
petual. Uses water power for generating electricity, lu
purchased the property of the Tallas**ee Power Co. Iu
began
1-t
lut
mort
Columbus or Atheus.
6 g. A O
*263,000
Oct. 1. 1931
$400.000($1,000), n Interest atTitle Guarantee
Trust Co . Atlanta,
gold
c* (
Tr istee, or Old Colony Trust Co.. Boston.
Botids.—Ot the new bonds, entire issue, but no lesser part, may be
called on and after Got. 1, 1911, at 106 and interest; $l2,*00reserved to take up old bonds; remaining $125,000 can ouly be issued
o. pm
New
i»dwi.
--
1st mortgage,
^
Interest at
( 1901
two-thirds of the actual coet
Is subject to call Jan. 1. 1908. at UO ami accumu¬
lated dividends. Six per cent dividends per aiimuu are paid
First
div. on common - 2*« p. o.- was paid July 1, ’06; also *2p. c. San., ’0 ?.
R- post— Calemlar year 1906: Gross. $93,723; net, $56,717; charges,
$25,999; surplus, t30.'43.
RuaD -Owns 7.4 miles of track; 40-lb., 60-lb. and 70-lb.T rails and
70 lb girder; 10 motor cars: lighting and power plant, 3,250 h. p.
Officers—President, J. Y. Canthers; Vice-Presnleut, vv. s. iloiiuan.
Secretary and Treasurer, \V. T. Brv an; Geu. Manager and Purchasing
Agent, O. D. Flaulgen; Supt., El. M. Hughes.—V. 83, p. 154.
for future
extensions and
additions to
See V. 73. p. 1311.
St ck— Pref. stock
ATLANTA, GA.
RAILWAY & ELECTRIC CO -Organization Incorporated iu Georgia on Jau 23, 1902, aud o»
Ax>r. 1.1902, took over the Atlanta Ry A Power Co., the Atlanta Rap.
Truu. Co.,the Georgia Eleo Light Co ami the Atlanta Steam Co. Fran¬
chise perpetual. Comprises the street railway,electric light.gas,power
Use*
and su'am-lieatlug Inteiests of Atlanta and Fulton County
power supplied by the Atlanta Water A Electric Power Co. from
the latter's plaut at Bull Sluice ou the Chattahoochee River, 15
miles frira Atlanta-see V. 79. p. 153. 2149
By terms of the ordi¬
nance permitting consolidation the company paid the city of Atlanta
GEORGIA
8
$50,000 In cash, and
agrees to pay a tax on gross receipts of 1 per oent
for first 3 years, 2 per cent for the next 20 years and 3 per cent there¬
after. V. 74, p. 397, 72?. Has contract with the city for street light¬
ing for five Years from April 1,1903, at $75 per arc per annum. In
Oct., 1Q02, both preferred and common stock was listed on Boston
Stock Exchange. V. 75, p. s49.
In June. 1903, acquired the entire capital stock ($600,000 6 p. o. pre¬
ferred and $1,014,625 common) of the Atlanta Gas Light Oo., compris¬
ing the gas business of Atlanta and vicinity, by exohang© of stook, dol¬
lar for dollar. V. 76, p. 1406. The gas company, however, maintains
a
separate organization. Through this exchange. United Gas Improve¬
acquired a substantial interest in the Ga. Ry. & Electric.
Stock & Bonds—
Date.
Interest. Outstanding.
Maturity.
Com., $6,014,600($100)
$6,014,600 Feb 20/07,1**%
ment
5(1J2,400,000 Jan.20/07, lk%
M., $11,000,* \ 1902
5g J-J.
5,458,000
Jan. 1,1932
000, g. s. f. ($l,000).o* /Int. at Old Colony Tr. Co., Boston, Trustee.
Atlanta ^t
RR first ^ 1890
6 g. J.—j.
225,000
July 1, 1920
*-T Ann K* nr8t \ Interest is payable in New York at 4th Nat. Bk.
gom, $i,uuu
f Central Trust Co., New York, Trustee.
Atl. Con~. St. Ry. 1st
cons.
1899
M., $2,500,5g. J.-J.
2,175,000
Jan 1,1939
000,g, ($1,000 each) Interest payable in N. Y. at N. Y. Trust Co.
Sub i.to call after 5
and at Merc. Tr. A Dep. Co. of Balt., Trustee.
years at 107*9....c' J
Ga. Electrio Lt. Co.}
1st M
$2,000,000, I 1900
5 g. J.-J.
1,350,000
July 1,1930
g. Subject to call f lut. at Old Colony Trust Co., Boston, Trustee,
1st con.
•
.
in 1905 at 105
J
Atlanta Gas-Light) 1897
5 g. .T.-D
1,150,000
Tune 1, 1947
Co 1st M., $1,150,- > Int at N. Y. Trust Co., Trustee, or Bank of Soot000 g. ($1,000)..c* )
land, London, England.
Bonds — Of the $11,000,000 Ga. Ry. A Elec, bonds, $4,909,000
are reserved
to retire underlying liens.
Are subject to call on
Jan. 1, 1907,
any interest
date
after
at 110 and
accrued
interest.
A sinking fund becomes
operative in 1907 which will
retire $10,000 of bonds in each year from 1907 to 1911, inclusive;
$25,000
from 1912 to 1916, inclusive, and $50,000 per
74, p. 629. 727. A sinking fund of $6 60
per $1,000 bond on the Atlanta Gas-Light Co. bonds is operative. A
sinking fund of $25,000 per annum is also operative on the underlying
bonds of the Atlanta Consol. Street Ry.
Dividends.— Five per cent per annum is being paid on pref. stook.
On common, Aug., 1905, 2 p. c.; Feb.. 1<H)6, 2 p. o.; May 1906,l1* p. o.
(V. 82, p. 1040 ) Aug. 20, 1
p. c.
In 1907, Feb. 20, l1^ p. c.
Report—For year ending Deo. 31, 1906, gross, $2,894,923; net,
annum
per annum
thereafter.
See V.
After taxes. $1,467.071.
Road-Operates 144 miles of track.
OFFICERS.—Ch. of board, H. M. Atkinson; Pres.,Preston S. Arkwright:
V.-P., Treas. and Man. Eleo. Dept., G. W. Brine; Vice-Pres., See. and
Mgr. Rwy. Dept.,T. K. Glenn.-V. 81, p. 1065,V. 82, p 627,1010
(1) ATLANTA NORTHERN RY. CO. A trolley road.
Co., which guarantees the bonds.
STOCK & Bonds—
Dale.
Stock. $100,000
Interest. Outsland'g,
Maturity.
$100,000
\ 1904
5 g. J-J
400.000 July Y 1954
($500 and $1,000) g..c*) Int. at Old Colony Tr. Co., Boston, Trust.
Bonds-Are guaranteed, principal and interest, by indorsement by
the Georgia Ry. <fe Electric Oo. Are subject to call on any interest
date after July 1, 1909, at 110 and interest, a sinking fund of $5,000
per annum begins after 1909. See V. 79, p. 680.
Earnings—From Julv 17,1905, to Dec. 31, 1905, gross, $51,596;
1st mort.. $400,000, guar.
net, $21,061.
R0AD-Op3ra*es 15 miles of track from Atlanta to Marietta, mostly
private right of way. Commenced operation July 17,1905.—V. 79,
p. 680.
on
ATLANTIC
1903
5 K F _A
750,000
,
,
AUGUSTA RAILWAY & ELECTRIC COSTOCK & BONDS—
Date. Interest. Outstanding.
Maturity
Stock, $1,000,000 ($100)
$1,000,000
Augusta Ry. «te Eleo. mtg., $ 1900 5 g. J— D 1,000,000 June 1,1940
g., $1,000,000 ($l,000).c* \ Int. at Mer. Tr.-A Dep. Co., Balt.. Trustee.
Bonds—Call be called In 10, 20 or 30 years from date at 105 and
interest on 6 months’notice. Sinking fund Is ^ of 1 per oent, be¬
ginning June 1, 1905, for 15 years, l per cent for next 10 years and 2
per cent for remaining 10 years,
Road—Operates 30-72 miles of track on 17 miles of street.
Report—For 12 months ending Deo. 31: In 1905, gross (railway and
Jghting), $286,023; net, $140,111. V. 78, p. 341.
NORTH
AUGUSTA
ELECTRIC
&
IM¬
PROVEMENT CO.Owns the entire stock i$300,000) and bonds ($300,000) of the North
Augusta Hotel Co. and entire stook ($10,000) and bonds ($500,000) of
the Augusta & Aiken Ry.; also owns $744,700 of the $790,400 com¬
mon stock, entire issue ($130,400) of preferred stock ani all the $30,000 bonds of the North Augusta Land Co.
STOCK & Bonds—
Date. Interest. OutstamTg.
Maturity.
Common, $1,000,000 ($100)
$1,000,000
Pf„ 5% n-0., $500,000 ($100)
500,000
No. Aug. Eleo. & Impt. Co.) 1901 5g. A-O.
1,000,000 Oct. 1,1951
1st mortgage, $1,000,000, >Internat’l Tr. Co., Baltimore, Trustee.
gold ($1,000)
o ) Int. at Augusta and Baltimore.
Bonds are subject to oall at 105 on any interest date upon 60 days
notice.—V. 76, p. 918.
() ) AUGUSTA & AIKEN RY.
Organization-—Is controlled by the North Augusta Eleotrio A Im¬
Stook Is $10,000; bonds, $500,000 of 5 p. c. 30-year
gold bonds; interest J.-J and maturing Jan. 31, 1931. Bonds all de¬
posited as security for North Augusta Eleotrio A Impt. Co. bonds.
RErORT—For 12 mos. ending Dec 31, 1905: Gross, $91,753; net,
provement Co.
$30,8oo.
Road—Operates 24 34 miles of track from Augusta, through Clear¬
water, Bath. Langley, Warrenvllle and Graniteville to Aiken, S. 0..
Standard gauge, 60 lb. T rail.
Aug. 1, 1933
S
$500 and $1 005)
Int* at We8t Enfl Trust Co., Phila., Trustee.
Bonds—Are sublect to call after 10 years at 105.
W Road—'Operates 18 miles of track from Atlantic City to Pleasantville, Somers Point and AbseeoD.
Entire road put in operation
Jane 1, 1904.
Kails. 80-lb. girder in towns and T In suburbs.
Report—Year to Dec. 31, 1905. gross receipts. $82,362; net, $39,955
OFFICERS-President, Edward R. Sponsler, Harm burg; Vice-Pres.,
A. M. Jordan; Secretary, Eli H. Chandler; Treasurer, C. Taylor
Leland,
Phila.; Gen. Mgr., E. C. Folsom—V. 77, p. 1224. "
Opened Sept. 1, 1902.
AUGUSTA, ME.
A
AUGUSTA WINTHROP & GARDINER RYtrolley road.
In Dec 1906, a syndicate represented by John R. Graham and con¬
trolling the Lewiston Brunswick A Bath St Rwy and the Bangor Rail¬
way A Electric, made an agreement to purchase control of the road,
but in Feb., 1907, had not yet taken possession. See V. 83, p. 1522. It
Is proposed to consolidate with the Lewiston Brunswick <fc Bath and
some other roads.
Sec V. 84, p. 390.
,
Organization—Ts
CITY, N. J.
ATLANTIC CITY & SUBURBAN TRAC- COORGanizaTion—Incorporated in New Jersey on July 19,1902. Owns
and operates the Atlantic City & Pieasantvilfe Turnpike Co.
STOCK & Bdnd-s—
Date.
Interest.
Outstanding.
Maturity.
Stock. $750,000 ($50)
$750,000
mort.,+7™.- )
$482,400 (total issue $500,000) of the preferred stock and $244,000 of
the bonds of the North Augusta Eleo. A Improvement Co., whioh latter
company controls the Augusta & Aiken Ry. Co., the North Augusta
Hotel Co. and the North Augusta Land Co.
STOCK & Bonds—
Dale. Interest. Outstanding. Maturity.
Common, $1,500,000 ($100)
$1,446,000
Pf.$800,000($100)5p.o.onm
777,918
Coll,
trust, $3,000,000 / 1903
5 J-J
1,244,000 Jan. 1,1953
gold ($1.000)
o* 5 Int. at Int. Trust Co., Baltimore, Trustee.
Bonds—Are convertible In five years at option of holder, and snb]eot
to call on any int. date on 00 days’ notice at 105 and int.. $2,000,000
reserved to retire prlorliens, of whioh $273,000 have been exchanged.
REPORT—Consolidated profit and loss statement for 0 mos. ending
June 30,1905: Augusta Ry. & Eleotrio (98-44% of $32,252), profit,
$31,748; Augusta A Aiken Ry., loss, $116; Augusta-Aiken Ry. &
Eleo. (after allowing for all charges), Iosb, $16,109; North Augusta
Elec. A Imp., loss $13,501; North Augusta Hotel Co loss, $10,104;
No. August* Land Co., loss, $1,592; combined result, net loss, $9,674.
^Officers—President, W. T. Van Brunt, New York; Vice-Pres. & Gen.
Mgr.. Jas. U. Jackson; See. and Treas Chas O. Tegethoff.—V. 76, p..
100; V. 78, p. 341; V. 81, p. 1722. 1790; V. 82, p. 99.
,
Organization-Entire stock is owned by the Georgia Ry. & Elec.
Refund.
VOL. LXXXIV.
STREET RAILWAYS.
a
consolidation in May, 1902, of the Augusta Hallo-
well & Gardner RR. and the Lewiston Winthrop & Augusta St. Ry.
Date.
Interest.
Stock & BondsOutstand'g. Maturity,
Common $100
Pref., cum., 4 per cent.
Aug. Hallowell & G. ) 1890
1st M. for $100,000. >
Interest payable in Boston at
let mort.,
$250,000,) 1901
convert.
($1,000 and
$300,000
69,000
6
J-J
See earnings
10,500
July 1,1910
International Trust Co., Trustee,
July 1, 1951
4g. J-J
231,500
>
Interest at Augusta Trust Co., Augusta, Me.,
c* ) Trustee
Gen. mtge., $125,000 >
1905 5g. J-J
82,500
Jan. 1, 1935
$500 A $1,000 gold.. (
Int. at Augusta Trust Co., Trustee.
Loans payable June 30, 1906
50,190
Bonds— The 1st 1st mtge. bonds can lie converted into pref. stook at
option of holder. Gen mtge. bonds are subject to call at par on any Id t.
date on GO days notice.
Road—Operates 12Lj miles of road In Augusta, Hallowell, Gardiner
and Farmlngdale and to Togus. Also extension of 14 miles from Au¬
gusta to Winthrop, completed In 1902. Total track, 27-07 miles.
$500)
REPORT—Year ending June 30:
AUBURN, N. Y.
AUBURN & SYRACUSE ELECTRIC RR.—A
trolley road.
Organization—Organized Sept. 30,1902, as a consolidation of the
Auburn City Ry. and Auburn Interurban Elec. RR.
Franchises per¬
petual.
STOCK A, Bonds—
Date.
Common,$1,250,000 ($100) >
Pf.,0% cum..$750,000($100) (
Interest. Oulstand’g.
$1,125,000
Maturity
.
Q-F
625.000
Feb., *07 1*4
rt_
( 1902 5 g.A-O 1.159,000
Oct. 1. 1942
Syra. 1st A ref. Mtg.
Int. at N. W Harris A Co.. New York,
$2,000,000, g. ($1,000).
f 'Trust. Co. of Amer.. New York, Trustee.
Bonds.—Of the $2,000,000 authorized, $841,000 Is reserved for future
•Tensions, but only when net earnings are double interest charges.
> ' * subject to call at 110 and interest on or after Oct.
1, 1912. See
-ft.p 1701.
*-M*nds.—l«tdiv. on pref. stock-1 p c.—paid Nov. 1, 1901. then
V. Feb
1. 1905, May 1. 1905. and Aug. 1.1905. Nov 1. 1905, 1*4
paid. (See V. 81, p. 1609.) In 1906, 5 p. c. In 1907, Feb., 1*4 p.o.
arming a-For year ending June 30, 1906:
Gross, $309,926; net.
27,751; fixed c harges, $75,831; dividends, $23,750; surplus, $28,173.
„aD—Operates about 37 miles of track, including 13 miles in
a.uborn and 24 miles from Auburn to Syracuse.
Has trackage agree¬
ment with Syracuse Rapid
Transit, allowing it to enter that city.
Owns Lake Side Park, about 33 acres on Lake Owasco; 45 cars.
Officers. —Pres and Gen. Mgr , C. I>. Beebe; Vice Pres.. W. A. Hoi
den: 8e«
A M Michael; Treas., Albert K. Hlscock. —V. 81, p. 1609.
Aub. A
"
v
<
,
AUGUSTA
GA
AUGUSTA-AIKEN R 'Y & ELECTRICCOin
Dec., 1905. control changed hands aud new officers elected, as
V. 81. p. 1790; V. 82, p. 93.
Organization.— Incorporated on Jan. 3. 1903, under the laws of
New Jersey. Owns $998,400 of the $1,000.00 ) stock of the
Augusta
Ky. A Elec. Co., $970,410 (out of $1,000,000) of the common and
below.
1906.
Gross earnings..$103,596
Net earnings
41 541
100 s.
$97,9-9
38,910
1906.
TaxesAoth.cligs.
1905,
$5,159
$862
18,522 14,888
Interestonbonds
17,860 23.160
None
6,000
OFFICERS—PreHty TIioh. J. Linch; See., H. M. Heath; Treas., G. E.
Macomber; Supt., L. F. Taylor.- V. 74, p. 1194; V. 83, p. 1522.
Bal. for divs
Dividends
AUSTIN, TEX.
AUSTIN
ELECTRIC R Y.-A trolley road.
r.
Organization—Incorporated in Texas on May 29, 1902, as a reorganlzation of the Austin Rapid Transit Ry.
STOCK A Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $350,000, $100
$275,000
See text.
First mortgage $350,- >
ft g. A-O
1903
350,000
Apr. 1, 1933
ooo, gold, $1,000
s Int. at Equitable Trust Co.. New York, Trustee.
Bonds— Are subject to call on and after Apr. I, 1908, at 105 and int.
Dividends— In 1904, Oct 10 p. o.; in 1905, Nov., 16 77 p. o.; in 1906,
Nov. ft, 5 p. c.
Earnings—For calendar year 1906, gross, $118,476: net, $42 926.
....
...
,
Road—Operates 15-91 miles of track. Entire road re-built in 1905.
Officers—Pres., Wilber H. Young ; Vice-Pres.,, P. II. Watrlss, New
York; Treas., E. P.Wilmot; Heo’y, Claud V. Peel.—V. 78, p. 1704.
BAKERSFIELD,
CAL.
POWER TRANSIT & LIGHT CO Organization - Is successor lu 19o3 to the Power Development Co.,
the Bakersfield Gas A Elect. Light Co. and the Bakersfield A Kern
Electric Ry. Does the entire electrio lighting, power, gas and street
railway business of Kern aud Bakersfield. V. 77, p. 401.
Stock &, Bonds—
Date. Interest. outstand'g.
Maturity.
Htock, $2,500,000, $100
$2,500,000
Bakersf. A Kern El. By. /
5 g. J-J
125,000
July 1,1931
$250 000,
g.,
($l,000)o
\
Bakersf. Gas & El. Lt. M.
New mort., $2,500,000/f 1903
a uvu
6 F-Alfi
50,000
Periodically
5 ft*
June 1, 1933
/ f 0.000
cJUIlU
idJ
g. J-l>
778,000
gold, ($1,000)
<
Mercantile 'Frost Co., Han Fran., Trustee.
Bonds—Of the $2,500,000 new bonus, $175,000 are reserved for
prior
liens. Bonds are subject to call any interest date “on basts of 4*2 p.
^
STREET RAILWAYS.
Feb., 1907. J
investment.” Sinking fund of 10 p. o. of net earnings after pay¬
ment of charges commences after 5 years. V. 77, p. 401.
$0,000
bonds were held by sinking fund in Feb., 1907.
Earnugs—For fiscal year ending June 30, 1908, gross, $97,516;
net, after taxes, $49,174, In 1905, gross, $8-,515; net, $49,006.
Road—Operate® 9 miles of traok between and throughout Kern
and Bakersfield. Also does eleotrio lighting, power and gas business
Has over 100 miles of eleotric power lines.
OFFICERS-Pres. So Gen. Mvr.. C. N. Beal, San Franoisoo; Ass’t Gen.
Mgr., Jae. Goodwin, Bakersfield; Seo. A Treas., F. G Drum, San Fran
o. re
cisco.-V. 77, p. 40 L.
8eries “ B ” oar trust bonds in above table are a first mort on 200 oars,
and mature $85,000 per annum from Oct 1,1907, to 1915. They are
redeemable on any Int date at 1021* and int V. 81, p 32. The Series
“C” car trusts mature $40,000 annually for 10 years, and are suojeot
to call at 102 *«. They are a first mortgage on 90 cars.
Stock—The preferred stock reported above as outstanding Is
remain® of the original issue of $14,000,000, the **est having been con¬
verted Into Inoome bonds.
On Feb. 28, 1900, the 50-year 1st con. mort and also the inoome
bond® were listed on the Phila. Stock Exchange; the stock, the consol®
and the Inoome bonds are all listed on the Baltimore Exohange.
BALLSTON SPA, N. Y.
EASTERN NEW YORK RR.-A trolley road.
ORGANIZATION— Incorporated in New York in Deo., 1904, and is
successor to the Ballston Terminal RR., sold under foreclosure on
Dec.
29.1904.
Outstanding. Maturity
Jan. 1, 1935
1728.
from
Amsterdam,
Johnstown and Gloversville, for which unissued bonds are reserved.
OFFICERS—President, T. F. Barrett, Albany: Treas., Edward Shaugh
neesy, Saratoga Springs.
V. 79, p. 1954, 2793; V. 80,'p. 1728.
STOCK & Bonds— ,
Date. Interest.
8took. $1,750,000 ($100)
$500,000
1st M., $1,750,000 ($500> 1905 5g.J-J
'300.0U0
and $1,000), gold
o' s
Metropolitan Trust Co., N. Y., Trustee.
Bonds.— Are not subject to oall. No sinking fund. V. 80, p.
Road—Is both a freight and a passenger road. Owns extensive
terminals at Ballston Spa. Has 15 miles of track, with a line
Ballston to Middle Grove.
Extension contemplated to
all that
Dividends.—Dividends of J® of 1 per cent were paid in June, 1399.
1899, and 2 p.c. each six months after that to and
inoluding Deo., 1903,on both the income bonds and the pref. stock, the
payment on the stock (but not on the bond®) being subject to a deduc¬
tion of one quarter of one percent for taxes; payments due June and
December, 1904, June and Deo., 1905.and, Jane. 1906, omitted, and in
1906 coupons for these dates were funded, as notsd above, and subse¬
quent coupons will in like manner be funded as they mature up to and
ioclu ilng Deo . 1910.
Road—Miles of track, 385*84; cars, 1,898; gauge, 5 ft. 4i* in. Rails,
70-lb. T and 9-in. and 113-lb. girder, when power plants have been
completed will have a capacity of 43,250 horse power, with overload
capa ity of about 60,000 horse power.
UNITED
RAILWAYS &
OF BALTIMORE-—Trolley road.
cent of gross
pave between
ELECTRIC
CO.
Organization—Incorporated at Annapolis March 4, 1899. Com¬
railways in Baltimore City and Baltimore
County and lines extend into Anne Arundel County and Howard
County. Through the consolidation of the two roads named and
various prior consolidations with those roads, embraces the following:
Central
Company.
prises all the passenger
Baltimore Catonsvllle
Mills Passenger
RR.
A Ellicotts
Baltimore City Passenger Ry. Co.
Baltimore Consolidated Ry. Co.
Baltimore & Curtis Bay Ry.
Railway
Gwynn’s Falls Railway
more City.
of Balti¬
Maryland Traction.
Pimlico & Pikesville RR.
BalLGardensville A Belair Eleo. Ry. Shore Line Eleotric Ry.
Walbrook Gwvnn-Oak&Powhatan.
Baltimore & Northern Eleo. Ry. Co.
Also owns all the stock, and holds a lease, of the Baltimore Spar¬
rows Point & Chesapeake Ry. Co.
The company likewise controls by
ownership of stock the York Road Turnpike, the Charles Street Ave.
Turnpike, the Harford Turnpike and the Balt. & Jerusalem Turnpike
Formerly owned the $2,000,000 common stock of the United Electric
Light & Power Co. of Baltimore, comprising the electric-lighting plants
of Baltimore, but in Jan., 1903, sold the same, together with its hold¬
ings of the stock and bonds of the Mt. Washington Electric Co.,
$904,237 to a syndicate represented by the Continental Trust Co. of
Baltimore, and whioh is supposed to have close affiliations with those
controlling the 9usq Eleo. Power Co. V. 75, p. 1158 and V. 76, p. 160.
Funding of Coupons on Income Bonds.— In July, 1906,
coupons on income bonds from June, 1904, to June. 190G. were
funded under a funding agreement. Income coupons up to and includ¬
ing Deo., 1910, will also be so exchanged at maturity, and these
coupons have been stamped with this agreement. 8ee plan in V.
p. 156; $13,570,000 of the $13,940,000 have been deposited
plan. See V. 83, p. 753, 1038.
for
unpaid
83.
under the
Company.—In Aug. 1906, the Maryland Elec. Ry., whioh
acquired to provide funds for needed Improvements and
acquisitions of the United Ry. & Elec. Co., was consolidated with the
Baltimore & Annapolis Short Line, thus forming the Maryland Electric
Rys. See statement of that company below. _
Voting T-ust.—In March, 1905. a large majority of the stock was de¬
posited with the Safe Deposit & Trust Co. or Baltimore, to be held in a
voting trust for 3 years from Feb. 25. 1905. The voting trustees are
Alexander Brown, Geo. C. Jenkins and Douglas H. Thomas, V. 80,
p. 998. 1236.
Xeio Allied
had .been
Div.or Malu’y
Preferred.cum.,$14,000,000, \
^
60 000 * Dec., 1903,2
par, $50
)
’
(less ^ p. c.
Inc.M.,g.,$14,000,000,cum.,)1899 4g.J.&D. 13,940,000
1949
tax free, Maryland Tr. Co. > Payable at option after Maroh 1, 1949
) Int. at Alex. Brown A Sons, Baltimore.
c*($l>000)
1st con. M., g., $38,000,000 ) 1899 4g.M-S
26,450,000 Maroh 1,1949
($1,000); Continental Tr. [• Interest at Alex. Brown A 8ons,BaltiCo., Baltimore,trustee.c* >
more.
1,400,000 June 1, 1936
Income funding bonds $500 ( 1906 5g.J-D
<fe $1,000) $14.000,000..o s
Car trusts,Series “A,”$350,-) 1901 5k. AO
280,000
See text
000 gold ($1,000)
s Int. at Fidelity A I)ep. Co.. Balt. Trustee.
Car trusts,
Series “B,” ) 1905 5g. A-O
765,000
See text.
$850,000 ($1,000)
e s Int. at Safe Dep. A Tr. ♦ o.. Balt, Trustee
Car trusts,
Series ”C,” > 1906 5g. A-O
390,000
See text.
$390,000
S Int. at Safe Dep. & Tr. Co , Balt., Trustee.
STOCK & Bonds—
Common,
$24,000,000. $50
Date. Interest. Outst'nd'g.
$15,000,000
UNDERLYING SECURITIES.
M-N 1,500,000 Nov. 1,1929
Interest at National Mechanics'Bank,
Deposit Co..
o) Baltimore.
Do N. B. Div.lst ($1,000)58,) 1892 5 g. J-l>
1.750,000 June 1,1942
g.Trua.,Mer.Tr.*fel)ep.Oo.o s Int. at National Mechanics’ Bk„ Balt.
City <f Suburban Ry. bonds— \ 1892 5 g. J-I> 3,000,000 June 1, 1922
1st mortgage, g., ($1,000) $ Int. at Alex. Brown A Sous, Baltimore.
Safe
Balt.
Traction—1st ($1,000))
M., Tr.
Mercantile Tr. A >
Report for the year ending Dec. 31,1905, see V. P2, p.
were seriously affected bv the Baltimore fire.
1904 results
1905.
25.431.376
Car mile runs
Revenue passenger®
Transfers
$6,023,698
3.765,292
$2,258,406
$2,258,406
2,230,066
2,230,066
$5,440,942
1889 5
Deposit & Trust Co., Balt, Trustee.
Balt.Oatonsv.dKllicotV s Mills ) 1896 5
J-J
500,000 July 1, 1916
1st M., $500,000 prin. g... >
Balt,Trustee. Int at
Safe
D.
A
Tr.
Co.,
>
National Meohauios’ Bk., Balt
Lake Roland Elevated—1st £1892 5 g. M-8 1,000,000 Sept. 1, 1942
M., gold ($1,000)
Int’st at Alex.
Brown A Sons, Baltimore,
o**r sBaltimore
Trust A Guaranty Co., Trustee.
Balt. City Pass.- 1st mort., *1891 fig. M-N 2,000,000 Nov. 2, 1911
$1,000, gold
c* Safe
V Interest at Nat. Mechanics' B’k, Balt.
Deposit A Trust Co., of Balt, Trustee.
.
.
$28,340
Other Inoome.
Balance
1904.
23.397,515
109,526,908
43,932.219
49,292,821
Operating expenses and maint
Net earnings
Fixed charges and taxes
Surplus for year
1033. In
122.318,438
Gross earnings
BALTIMORE, MD.
Street Railways of Baltimore pay a Park Tax of 9 per
tamings within old Oity Limits, and are required to
tracks and two feel on each side.
and 2** p.o. In Deo..
..
2.876.*39
$2,564,403
2,24 *,579
$019,824
2.725
10.238
a $31,065
a$31.065
$330,062
$929,762 were included
the surplus would have
aExtraordin iry expenditures to amount of
In operating expenses In 1905; except for this,
been $960,827.
Officers—Pres., John M. Hood;
V.-P. and Gen. Man., William A.
Auditor. N. E. Stubbs.—V. 83, p.
Vice-Prea., George C.
Jenkins; 2d
Honse; Sec. and Treas. H. C. Mc.Ttlton;
156, 215. 324, 381, 493, 563,753, 319,
1038,1230,1412.
( 1) BALT. SPARROWS POINT A
CHESAPEAKE RY.
Organization—In Jan.. 1903. was leased for 999 years to the UnRys. A Electric Co. of Baltimore, which guarantees the bonds below,
both as to principal and Interest, and also owns all of the stock. See
V. 79, p. 2643.
Has been building a line, 40 miles, to connect Balti¬
more with the Maryland Steel Works at Sparrows Point and Is to be
extended along the shore of Chesapeake Bay, where summer resort®
are to be established; road has been completed to Sparrows Point, 15
miles (V. 76, p. 160. 267), and to Chesapeake Bay;
Owns the
Bay 8hore Park Co., whioh will operate summer resorts. Dominick
A Dominick of New York and J. William Mlddendorf A Co of Balti¬
more purchased the bonds in Deo., 1904, and offered them for sale in
Jan., 1905. V. 79, p. 2643. and V. 80, p. 221.
.
„ ,
STOCK & Bonds—
Date. Interest.
Outstanding.
Maturity.
Stock, $2,000,000
$400,000 ..............
1st mort., $2,000,000) 1903 4»*g.,F.-A.
2,000.000
Feb. 1, 1953
gold ($1,000), guar. > Fidelity
Deposit Co., Baltimore, Trustee,
prin. and int. .. o* j Int. at Alex. Brown A Sons. Baltimore,
Report—Operations inoluded in United Rys. A Eleo. V. 80, p. 221
(2) BALTIMORE A LAUREL
ELECTRIC RY.
-Stock all owned by United Railways A Electric Co.
Incorporated in 1901 with an authorized capital stock of
to
build a line from Baltimore to Laurel, a distance of about 13 miles.
Organization.
$250,000
connection will be with the Berwyn A Laurel
Electric Co., which contemplates a line between Laurel and Berwyn,
the latter a suburb of Washington
Construction not yet begun.
No bonds.
At Laurel
THE MARYLAND ELEC
OrqaNIZA i ION -In 1906 tue enarter of
RAILWAYS CO-
the Maryland Lice. Ry. was
acquired by interests friendly to the United Rys. A Eleo. for the pur¬
pose, among others, of using that oompany to fiuance its needs for
certain new aud additional property, and charter amended by legisla
ture m 1906 to adapt it to that purpose.
In Aug., 1906, was consoli¬
dated with the Baltimore A Annapolis 8hort Line and the electrification
or the latter line was begun. The Maryland Eleotrio Rys. then acquired
oar barn sites, terminals, etc , and is erecting bail lings, constructing
extensions, purchasing equipment, etc., winch is leased to the United
Ry. & Electric Co for ®n aunual rental of 6 per cent upon the actual
cost of the property.
At maturity of the $8,000,006 bonds of The
Maryland Elec. Rys.. the United obligates itself to purchase the prop¬
erty so leased at a sum sufficient to retire the bonds. See plan in full
in V. 83,'p. 156. There is do guarantee of the bonds, but the terms are
interest.
Interest. Outsland'g. Maturity.
Stock, $1,200,000. $50..
$1,133,400 Jan.’07.1*®%
1st mort., $8,000,000. s
1906
5 g. AAO 2,000,000 Oct. 1, 1931
gold, ($1,000)
o* ( Mercantile Tr. A Dep Co., Baltimore. Trus.
( 1906
5 g. FAA
None
Aug. 1.19*6
v /wwwS*18t mort w Fidelity Trust Co., Baltimore, 'Trustee.
.t>i,uuu,uw
) int. Ht Alex. Brown A Sons, Baltimore.
Bonds.—A sinking fund of 1 **% of bonds out begins Oct. 1. 1909.
Bonds are redeemable at 110 and iut. on aoy int. date upon 90 days’
notice. Iut. payable at office of Alex Brown A Sons. See V. S3, p.
813.970.
Dicidends—First dividend (l1* p. c.) was paid in Jau., 1907.
r MD—^Operates 22 miles of track from Cliffords to Annapolis,
which is now beiug converted to electricity; Is expect d to be com¬
pleted by July 1, 1907. Intends to acquire real estate, build terminal
station®) car barns and other buildings, purchase new equipments. Ac.
OFF CERS— Pres.. John Wilsou Brown; Vice-Pres., shellman B.
Brown; 8ec’y, hco. May; Treas., Austiu MeLanahan. —V. 33. p. 156.
such that
rental will be sufficient to pay
Stock & BONDS—
323. 492, 818.
Date
970, 1411, 1470.
BANGOR, ME.
RAILWAY & ELECTRIC COORQANIZA riON —Incorporated in Maine on Feb. 16. 1905. and is a
consolidation of the Bangor Hampdeu A Wiuterport Ry.. the Public
Baltimore City Puss.—
Works Co., the Bangor Orouo a OldTowu Ry. and the Old Town tSieoCerts, of lintcbt.. $500,-) 1897 4 hag. M-N
500,000 Nov. 2,1911 trlo
Co. Ou Feb 1. 1906, absorbed the B »ng»>r « Vortheru RR . which
000, g. ($500 .v $1,000) ) Interest at Nat Mechanics’ B’k, Balt
Doe®
was a reorganization of the Peuobseot Ceutral Ry. V 8 2. p. 333
Central Ry
1st M„ $600,-* 1882 6 J-J
24,000 July 1,1912 eutlre
electric ltghtlug and power business of Bangor. Old Town,
000, sink, fd., currency... s SubJ. to oall at 100 tn eertaiu ain’t® y*rly.
I lit. at Nat Meoh. Bk., Balt. Brewer, Milford. Orouo. Veazie ami Hampiten. Also furnishes water
Trustee Baltimore Safe Dep. A Trust Co.
supply. Franchise in Bangor expires in 1912; others are said to be
pcrpehial lu February. 1907. authorized stock was iuere.i>ed from
C(!“i!|1'i«!IinSVi
$700,000,
at
National
KOid ($i,ouu)
^ MeroanttleTr.A Dep.Co.of Balt./Trustee. $1,250,000 to $1,500,000.
STOCK & Bo^os
Maturity.
Date. Interest. Outstanding.
Ext. and Imp. 1st mort.,) 1897 fig. M-S
000.000 Mar. 1, 1932 Stock,
Q-J
$1 500,000, $100
$1,250,000 Jau .'07.1 V’q
$600,000, g., ($1,000).. [ Bait. Tr. A Guar. Co., Balt, Trustee.
5* J A J
1.056.500
July 1, 1935
1st con M.. g $2,000,- > 1905
> Int. at National Mechanics’ Bk.. Balt
000 ($500, $l,0(H)) o* s
Guaranty Trust Co., N. Y.,Trustee.
Bonds— Of the $38,000,000 of 1st consolidated bonds, $26,450,000
have been issued and $11,550,000 have been set aside for the re¬
Pli600mM5CO,o'8ti5001^ 1399
AO
600.000 Apr. 1,1929
tirement of underlying securities.
The Series “A ” car trust® mature
$1 000
’
S lut* ut GUI Colony Tr, Co., Boston, Trustee.
*
’
$35,000 per annum on Oct 1 from 1907 to 1914, both inclusive. The
BANGOR
-
J l8,i}‘2t
Mcch^ics^Bk., Baltf2
,
10
Bonds —Of the $2.oco,000 new bonds, $609,000 are reserved to
retire prior liens and the remainder for extensions and betterments,
V, 81, p. 154.
Are subject to call on 60 nays notice at 107 ^ and int.
Interest is payable in New York and Bangor. The Public Woiks Co
bonds are not subject to call.
V. 80. p 2156
Dividend*.-Five per cent per annum has been paid on the stock
'since Oct. 1,1905.
Earnings-For fiscal years ending June 30:
1' 05.
loot.
1906.
Gross earnings
$360,075 $32 ,1*9 $292,949
189,705
194,163
Operating expenses, including taxes.. 195,543
.
.
Net earnings
Fixed i h rges
Di vidends
*
.
$164,532
$130 986
82,275
56,i98
70.2o6
$103,244
$26.0 9
Surplus
$do,750
Road -Opcrites €0 4 miles of track in Bangor aud from Bangor to
to Orono. to Old Town and to Chat lest n. Rails, 32 to oO lb
Hampde
girder and T. S'andard gauge.
Officers
Pres,.John K. Graham Vice-Pres Frank Sillime.n Jr.
See., Geo T. Sewall; Tieas.. F. D. Oliver; Supt. W. if. Snow.—V 80.
p. 1110, 2456.-V. 81, p. 154; V. 82, p 323. 1155; V. 84, p. 33L
this last million were complied with in Jan., 1904 (V. 78, p. 701).
bonds are subject to call after Nov. 1, 1911, at 110 and interest.
V. 73, p. 1312
Dividends— 2 p. o. was paid Jan. 31,1902; 2 p. o. March 3. 1903;
,
BARRE,
VT.
BARRE
&
MONTPELIER
TRACTION &
POWER CO--A trolley road.
STOCK ci, Bonds—
Date. Interest, Outstand'a
Maturity.
Stock, $150,000, par $25
$120,000
1st M., gold, $100,000 ($500 < 1897
5 g.M N
100,000 Nov. 1, 1917
each), notsuhj. to call..c* l Iut. at Am. Loan AtTr.Co., Boston.Trust
Earnings— Fiscal year ending June 30, 1906 : Gross, $i6.748; net,
$9,628; interest and taxes, $7,985; surplus, $1,643.
Road—Barre to Montpelier, Vt., 9H* miles, opened Line 30, 1898.
Officers-Pres., J. J. Flynn, Burlington. Vt.; Vice-ores, and Sec.
H. K. Bush, Barre, Vt; Treas., A. O. Humphrey, Burlington.
BEATRICE, NEB.
BEATRICE
ELECTRIC COMPANY.Organization—Formerly operated the street railway in Beatrice, 7
miles, but this lias since been given up and there is no street railway
in operation any longer in Beatrice.
The Beatrice Electric now d es
only an electric lighting business.
BELLINGHAM, WASH.
.
See V. 8
*,
p.
1494.
Stock &. Bonds—
Date.
Common, $750.0d0, ($100.)
P$3C>ofoob
*100’£
mortgage*.
Interest.
6
Outstand’q.
$750,000
2 p.
April 11, 1904, and 2 p. o. April 10. 1905. A scrip dividend of 10
p. c. was paid April 18, 1905. In 1906, May,
p c
Road-Operates 45\50 miles of track. Connects Binghamton wlthLescershire. Hooper, Endicott, Union and Port Dickinson. An extension
from Union toOwego is proposed. Standard gauge. 60-1 b. to 94-lb. T
and girder rail: 75 motor cars and 27 trail cars.
annual tREPORT—Figures for years .-ending June 30 1906, gross,
$291,943; ii-1 $141,054; iur, and taxes. $87,791; surplus $53,263
Officers-President, G. T. Rogers; Vice-President. Geo. E. Greene;
Secretary, .lohu B. Rogers; Treasurer, H. C. Hardie General Manager
and Purchasing Agent. J. P. E. Clark, Office, Binghamton. N. Y
V.
V. 73, p. 1263, 1312; V. 77, p.247; V. 78, p. 342, 7ol; V. 79, p. 1040
BIRMINGHAM, ALA
BIRMINGHAM RY. LIGHT & POWERIn July !906, control was acquired by ihe American Cities Ky.
L’t
Co through exchauge of securities as per plan in V. 83, p. 36
See
statement of that company below,
ORGANIZATION-Consolidation on June 1,1901, of the Birmingham
Gas Co., the Consolidated Electric Light Co. and the Birmingham Ry.
Light A Power Co
Comprises all the street railways, ga> an 1 electric
light aud power plants of Birmingham and Jefferson
ouuiy. Fran¬
chises perpetual.
In June, 1903, a new steam heating pb'io was put in
>peratiou. owns and operates the Bessemer, Ala, Elector £lant.
In 1901 company made a new general mort gage im- $i ,000,000,
tnd holders of tlieold 5 p.c. bonds were given the privil *e to make ex¬
change on the basis of 1 lo in new bonds and 3s» p. tvin eisb.
V 78.
p. 259'
In March, 1906, pref. stock was lucreasod from *2.500,000
to $3,500,0 o aud the b% bonds of 1951 -were called for payment.
V. 82, p. 5 8,803.
Maturity
Stock & Bonds—
Date. Interest. Ovist amt i ni/
Join. ,$100, $3,500,000
$3,500,000 ! >ee j/,’06,2*3
J-J
Pref. stock ($100) 6 p. c. >
r
,
3,500,00t> Dec.,* /,’00,3%
$3,500,000 cum -.
J "d
{
B’ham Ry. <fr El. 1st M. \
9*1,000 July 2.1924
1894
5g. J - J
Int. at Birmingham Trust A- Sav Co Trustee.
g., $1,250,000, $1,000
1904 4^g AO
8,642 000 Apr 1,1954
Gen. M., ref., *1 0,000, S
Int. at Commerclal-Germania ir. A- Sav. Bk.,
000, g. ($1,000)
New Orl., Trustee, or at ** Y. Trust < '<*
N. Y.
Ronds- O the new $10,000,000 mortgage, sufficient is reserved to
retire prior liens and remainder for improvements aud betterments.
Mortgage gives authority to retire remaining prior minds ar 110, and
also allows enough more bonds to be issued to yield 3E> p. c. in cash.
See V. 79, p 6*0.
The bond* are subject to call on aim after Apr. 1,
1909, at 105 ind Interest. For the »st os of 1894 $L2,50o ]>er annum
is pay able into a sinking fund.
Dividends First div.on pref. stock of 3 p. o. paid in Jan.. 1902 and
3 p. c. each six months since then to and tncludi g Dec.31, 1906.
First div. on common stock, 1^ p. c., July 1, 1903.
In 190 4,
p. c.
In 1905,4 p.o
In 1 R>6. 4
p. c.; also Dec. 31,2*2 p. c.
R p jRr.—tor calendar years:
,
M~S
1906.
Gross earnings
..$1,932,878
Oper. exp. & taxes... 1,110 903
Maturity.
Net
Fixed
220 000 Mar. ’07,3%
$2 500,000 ? 1905
5g. M-N 1,400.000 Nov 1,1935
gold i$l,*'00)
c* < Iut. at City Trust Co
B >stou. Trustee.
,
Stork and Bonds— Preferred stoca is redeemable at 1 io.
Bonds sub
tect to call as a whole on any int. date at 10 > and into est. sinking
fund of 1 p c per annum of bonds outstanding, if earned, commences
Nov 1, 1906; on Nov. 1, lull, becomes obligatory',
DLmd-ntlt Six per cent per annum has been paid on pief. stock
eiuce Ma < h 1, 1901
EarN'NGS—For 12 months ending Dec. 31, 1906, gross, $279,469
charges, $48,236; surplus. $46,051.
ROAD-Operates i 8 2 miles of track. Rails, <0 to 60-lb.
OFFCE R3—Pr^s., Chas. i>. W yn an; Vice Pres J W. Hallowell; Sec.,
Sec., ID nry R Hayes: Treas., A Stuart Piatt Gen’l Mgr.', and Trans
for Agents, Stone <fc Webster. Boston, Mass.; Mgr., L H. Bean, Bel
lingham.—V. 81, p. 1 16. 14'14, 1552. I 94; V. *2, p. 391, 1042.
net, $94,28";
.
BIDDEFORD, ME
BID OE FORD
& SACO RR.-A irolley road
Organization—Incorporated Feb. 19, 1887.
-
8ee
,
WHATCOM COUNTY RAILWAY & LIGHT
CO — A trolley road
Organization — incorporated in New Jersey on Nov. 26, 1902. Con
trois the entire street rail way, gas, electric lighting and power business
of Bellingham.
Principal railway franchise expires in 1941; minor
railway franchise in 1934; electric lighting and power franchise m
1940; gas franchise in 1941.
In Oct
905, acquired trie No »ksaek
power plain of the Bellingham Bay Improvement Go, aud also the
lighting fi anchises of that company The power pl*nt will be extended
and power will ne sold for general purposes.
V. 81. p. 1316, 1494. In
Nov
190 L canceled old mortgage and made new issue of bonds given
in table be low.
The
o.
,
1st
VOL. LXXXIV.
STREET RAILWAYS
Stock a, BondsDate. Ini’st. Out'.stand*g. Maturilx
Stuck i $50),$100,000
$100,000 Oct.,'05,4® }
1st mortgage *300,000 ($1,000)
) 1900 4 g.J-O 150,000 Junel, ’4*
^o s. f. but can be>Interest
at Portland Trust Co
gold c*.
called tu 1920
)
Portland, Me., trustee.
Notes pa\able June 30, 1906
13,000
Earn nqs—For nsc.il years ending June 30;
Yea>
Gross.
Net.
Interest, etc. Divdends.
8urp
1905 OH
$63,490
$19,715
$7, 98
$4 000
$8 41
1904-05
60,990
18,«68
7.415
3 500
7.953
1903 04
58.498
15,889
7,563
3.000
5,326
Ro- D- Operates 8 miles of track between Saco, Biddeford anu Old
Orchard Beach
Officers President, C. H. Prescott, Biddeford;
Treasurer, E. F. Lord.—V. 70, p. 1048; V 73, p. 494.
Secretary and
N.
Y.
BINGHAMTON RAILWAY CO—A trolley road
Organization-Ls a consolidation Dec. 6, 190*. of the Binghamton
UR. Co (chartered Aug. 11, 1892, as a consolidation of all street rail¬
ways In c.itv) and the Bing, Lestershire <fe Union RR.
Franchises said
to be virtually perpetual.
STOCK A Bonds—
Date.
Interest. Outstanding
Maturity
Stock. $1,150,000.1 $100)
$964,749 May,'06,2^%
Binghamton Street RR.) 1890
6 A-()
168,000
Apr 1,1910
lBtm<*rt $200,090.
$ Metropolitan Trust Co., N. V,, Trustee.
Binghamton RR. Co. M.,
45,000
1908 1917
$900,«'<>0, g. $1,000 c*
($5,000due yearly Mar. l.j
<8ee text) Interest at Met1893 5 g J - J \
50,000
1918 1922
tropol.Trust Co., N. Y.,
.($10,000 due yearly Mar.l)
Trustee.
[
589.000 due Meli. I, *23
Bing. Lent. A IJn. 1st M. ) 1895
5g J-D
147.000
June 1,1925
i- /
*350,0oo) gold, prin-Interest at Metropolitan Trust, N. Y.
)
olpal mid int. guar.
Binghamton Trust < ’o trustee.
Bing.Rv l nr Consol. Mort. ) 1901
5 g M-N
655,000
Nov. 1, 1931
$2,500 OoO no d, ($1,- V Interest at Fidelity Trust < o„ Buffalo, Tru*
—
$737,844
369,612
$60 .4 3
329,-* 16
$573,825
$394,458
$368,232
m
$2 2,937
city »r hi mmuham, aud
Ensb»v mf several small
progress. Standard gauge; 70 to 86
Operates lo7 motor cars, 80 trail cars and 50
various extensions in
T and giruer rails
freight
ears.
Officers -Pres.,
Robert Jemison, Birmingham;
Vice Pres., A. H.
Seo’v. J. P.
E C Jolley.
-V. 82, p. 50% 567. 627. 803, 1436; V. 83, p. 36. 1590.
Ford
New York; Vice Pres, and Gen Mgr.. J. A. Emery;
Boss; A-st *ee. Trea** and 4ud.. E. IM. White; Asst. Treas.,
CITIES* R*AILWAY
AMERICAN
OO-
adding
a
Oihan
za
i
coil pauy
-in orporated
in
acquired
&
LIGHT
in New Jerseyon June 16, 1906.
Has
a majority of the capital stocks of tlio Binning 11 u By , L’t dfc
Poa»*r Co., the Memphis St. Ry., the Little Rock Ry Ai f.
ccirieCo.,
the Knoxvill
Ry & b't Co. and the Houston Ligli iug at Power Co ,
1905
For terms of exchange, see V. 83, p 35
Tue following table
shows the amount of stock of eaoli coiupauy acquired U)> to J an., 1907:
Name
f Co^Pa*.
Birm. Ry. L’t At P., common
“
“
■*
“
“
“
‘
common
pref
Little Rock Ry. At El.,
“
Knoxville Ry. &
“
“
L’t,
Houston L’t & P.,
“
“
“
Outstand'ij.
(honed.
$3.0*9.200
3,500 000
2,500.0 »o
2,500.000
2.750.700
153.500
$3,500,oo'o
ptef
Memphis St Ry.,
common
l,5uo,ooo
pref
7 0.000
1 49i.ooo
500.000
500 090
500.090
common
pref
1905,
common
pref
Total
$17,2 11,900
OUTSTANDING
8ECORITIKS A.MER. ClTIKH Rv
I
STi C & Bo D Date.
Interest.
Outstuiuhnq
Com., $15,000 000, $ 100
$10 761 1- 5
Pr* f $12, 00,000. $100 ;
-
6%
BINGHAMTON,
$821,9-5
4-7,517
Road—Operates 126-72 miles of track
extending also to Bessemer, Pratt Citv,
lb.
1903.
.$1,311,852
738,027
earnings
suburbs;
1904.
$1,424,146
821,693
charges
Surplus
1905.
$1,*30,514
892,670
cum
^
...
'
2.202.700
i ‘21 %1U0
6U0.900
1,491,900
495,600
.600 000
4 5-,300
$1 l, 95o,900
IGII r.
Maturity.
6,900, 7s Jan., 07,3%
Stock —Preferred stock may bo redeemed after three yoard at 1071*
1 accumulated dividends.
iriitends
First dividend on pref. stock, 3 p.c
wais paid Jan., 1907.
Comiunkd Earnings op Contuolmcd Companies for Calendar Year.
>eur
nr
Set.
fmr taxes. Int. tf a. fon t.
<vlus
1906
$',710,633
$2 035,533
$1,011,190
*$1,024,043
an
,
1905
...
*of this
t’on Ate
3,870,807
amount.
1,716,852
849.070
86 <’,781
-129,981 was set aside for b tterments, deprtcla-
Officers —Pres., A. II. Ford: Vice Pres., Geo
Carroll Root, New York. —V. 83, p. 35, 322, 1522.
H.
Davis; Treas
,
L.
.
.
0001
Botuis
dicated
.
,
c* 1 tee. or Seaboard National Bank. New York
Of the bonds »»f 1893, $95,000 mature in installments as in¬
n the table, aud the remainder Mai.
1,1923.
if tue $‘*0o.0»»0
authorized, *200.000 are reserved to retire the 6* of 910 at maturity,
$3 2,OOo of which have been retired.
Of the new bonds of the Bing¬
hamton Ky
Co $1,150,000 were Issuable against the retirement of
corresponding amounts of prior lien n>nds, $150 oo were Gsuable
immediately, $2 do ,000 upon certain specified conditions, and the re¬
maining $1,000,000 only upon the written request of r> 1 per cent of the
stock and consent of State RR. Commission. The
requirements as to
[BLOOMINGTON, ILL.
BLOOMINGTON PONTIAC & JOLI HIT ELECTRiC RAIL W A Y —A trolley roau.
St ock (Sc LjN >8—
Date.
Interest.
Outstanding
Maturity.
8lock $2 50 • OOO, $100
$300,00 )
Is tuorr.g -««, $2,500 ouO,) T 05
5 g M S.
O .OO ■
Sent 1,1935
geld ($1.0*
s Int a* Amer.Tr. ASav.Bk
hie..Trustee.
Ilo its
Are subje t to call at t^5 and int rest on
<*uy m eredt date.
No sinking fund.
H< ad
Has nud**r const1 uotlon a line to oouuect tlu^ poinfs named
in the
itle, of wiit(«h 20 indes, between Pontiac and Dwight, is in
operation
Private right of way except in cities.
OpFiCt Ro—President, James 4. Caro tilers; Kecrotary, A. C. Folsom.
V. 81, p. 1J75.
<‘
.
.
...
BLOOMSBURG, PA.
COLUMBIA & MONTOUR ELECTRIC RY.-
I
Feb..
'
1907.]
Organization— Incorporated in Pennsylvania in 1900. Franchises
999 years.
Interest. Outstanding. Maturity.
STO k & Bo iDS—
Date.
Stock, $375,090 ($50)
$375,000
Oct .’06, 3%
let rnort., $37 ,000, g. >
1901
5 g. J J
375.000
Jan. 1, 1931
($500 and $l,0"0i .(Mir ) Int. at Common* »I' UTr.Co.,Harris!)., trust.
EaRninGo—For tisoal 5 ears ending Jiae 30.
Year,
Or<>ss.
*
' et.
Fixed charge*.
Surplus.
1900
$75,189
$20,473
$18,023
$38,496
1905
04.079
34,278
18.225
16.053
'Dividends— First dividend—2 p. o.—was paid Oct., 1903; also 2 p. c.
Oct,., 1 04, 2 p. o. Oot., 1905 and 3 p. c Oct., 1906
Road—Operates 18 miles of track, extending from Berwick to CataStandard
gauge.
56-lb. T rail.
Extensions of 4^ miles are
proposed.
Officers—Pres., B. F. Meyers; Vice-Prea.. E. R. Sponsler; See. and
8upt., W. M. Terwilliger,
Bloomsburg. Otlices, Bloomsburg and Harrisburg.
Treas, W. M. Ogelsby, all of Harrisburg;
BOSTON, MASS.
“grant it exemption from reduction of fares, and also other Immuni¬
ties.”—(See Massachusetts RR. Commission, V. 65, p. 1223.) Cars are
run with electricity by the “third rail” system.
V. 67, p. 318. Six
miles of elevated road opened in June, 1901; in August, 1801, put in
operation the Atlantio Ave. Loop Division.
Lease of West End and Subway and Tunnel*.—The West, End 8treet
Ry. is leased until June 10, 1922. See West End statement below for
proposed consolidation of the two.
In Deo., 1896, the West End Street Ry. leased the right to use the
Boston Subway.
See terms under West End 8t. Ry.
On Deo. 24, 1904 the East Boston tunnel (under Koston Harbor) was
leased by the Boston Elevated Ry. until June 10, 1922, for a rental
of 3s of 1 p. c. of earnings of all lines owned, leased or operated.
The
company also collects a toll of 1 eeut per person, which goes to the
city. The tunnel was opened Dec. 30, 1904. It exteuds from the
main land to East Boston, 1*4 miles, and cost over $3,300,000.
On June 28,1902, Washington St. Subway bill became a law. The city
tunnel for Elevated trains and lease same to the Boston
years at a net reutal equal to 4 ^ p. 0. ou the net
cost, estimated at $7,000,000 to $8,000, 00.
Proposition wa9 ratified
by voters at the Dec., 1902, election. V. 75, p. 28, 496,1315. On Nov.
19, 1903, the Railroad Commission deolded in favor of the company
in its contention for the Washington 8t. tunnel, as against the Devon¬
shire route selected by the Rapid Transit Commission.
V. 77, p. 2097.
All necessary legislation lias now been secured aud construction is
Elevated
a
Ry. for 25
underway.
Expected to be completed in 1908
Commission’s plans as to future
see V. 82, p. 217.
Organization—Leased to Boston Elevated Ry. until June 10,1922,
cent on common and 8 per cent on preferred in addition to the
payment of rentals, interest and other charges. Elevated assumed
possession Jan. 1, 1898. See terms in V. 65, p. 570.
at 7 per
In Deoember, 1896, leased the right to use the subway at 47g per cent
of the net oost of subway, stated approximately as $5,7s6,000 in
September, 1898, when the third and last section was opened. Entire
length is
miles, with a trackage of about 5 miles. See V. 63, p.
1065, 1117; V. 67, p. 528.
In Aug., 1904, issued $150,000 additional stock to pay for improve¬
ments, etc.
See V. 79, p. 214, 787. Sept. 1904, issued $750,000 addi¬
tional bonds of 1932, bringing amount up to $5,009,000; $200,000
more were issued to retire bonds due May 1. 190*1.
V hO, p 1729.
Consolidation.—In Jan., 1907, a bill was introduced in tlio Legisla¬
ture permitting the Boston Elev. Ry. to absorb the West End St. Ry.
(now leased).
Under the terras of the bill the Boston Elev will issue
prof stock at par for the $9,689,250 common aud the $6,400,000 pref.
stock of the \\ est End St. Ry. See V. 84, p. 27u.
Stock and Bonds—
Date.
Interest.
Outstand’g Lastdiv., dte.
Common stock ($50)
7
A.-O. $9,689,250 Oct., ’06,31*
Pref erred stock (par $50)
6,400,000 Jan.,’07,4%
8
J.-J.
1894 4^g.M.-S.
Gold bonds of 1894
2,000,000 Mch. 1,1914
.
BOSTON ELEVATED RAILWAY.—
Organization—1 barter, granted in 1897, provides for an extensive
system of free transfers. The company also, In addition to regular
street railway taxes, lias to pay on all lines owned, leased or operated
by it 7a of 1 per cent of gross income and a sum equal to the excess of
the dividends over 6 per cent. Its oharter, however, is understood to
is to construct
11
STREET RAILWAYS.
run
wiasa.
«>
For Boston Transit
development of the Subway system,
On April 29,1903, leased from the Old Colony Street Ry. all that
company’s tracks in the city or Boston, amounting to 23*753 miles.
The lease is for «9 years and provides that besides paying taxes the
Elevated Co. will pay 6hi per cent of replacement value (appraised
at $353,979, less the reutal of certain short pieces of tr %ok appraised
at $13,866) of the property leased as of date Feb. 16, 1903, and 4 per
cent on the cost of all additions and betterments
Subways in Cambridge.—In Juno 1906 a measure passed by the
Massachusetts Legislature became a law which permits the Boston
Elevated to construct two Subways in Cambridge, and to issue stock
or bonds to meet the cost.
At the end of 20 years the citv of Cambridge
is to have the right to purchase these subways by paying their cost
plus 7 p. c. interest, less dividends, V. 83, p 93. See remarks con¬
cerning these subways in company’s report for 1906, as given in
V. 84. p. 155
Extension.—Construction has begun on an extension of the elevated
toad to Forest Hill; is expected to be completed in 190 ?. In April.
1905, issued $*’.500,000 new bonds to provide for this extension aud
for payment of floating debt, etc. See V. 80, p. 1423.
Damages from Noise.— In Aug., 1902, Judge Mason, in the Superior
Court at Boston, held that the company is liable for damages from
noise -caused by the operation of trains
V. 75, p. 496. This was
( 1896 4K-M-N.
“l2,275nOOO,0uot
U|2.7W?000 notmort. 0 1900
1897 4 F--A'
Cur. bonds,
4
F.-A.
e.,
not
$1,000, t
mortgage
Bonds o*
s
($1,000)
S15.000 May 1. 1916
2,700.000 Feb. 1, 1917
4.74 L000
Aug. 1,1915
Interest at Old Colony Trust Co., Boston.
1902 4
F.-A.
5,709,000 Aug. 1, 1932
Interest at Old Colony Trust Co.
OFFICERS—President, Joseph B. Russell; Treas., Parkman Dexter
INDEX-V. 80, p. 652, 1425, 1729, 1857; V. 84,p. 272.
(2)
SOMERVILLE HORSE RR.—Owns 8*04 miles of track. Leased
End Street Railway for $9,180 yearly, 6 p. c. on $153,000
stock.
Dividends are payable (M&N) in Boston.
to West
BOSTON SUBURBAN ELEC- COMPANIESA trolley system.
Organization—This oompany is a voluntary association formed in
Nov., 1901, on the same lines as the Massachusetts Eleotrio Com¬
panies. The properties controlled are the Newton Street Railway Co ,
Newton & Boston St. Ry. Co., Lexington
Boston St. Ry. Co., Natiok
& Coohituate Street Ry., South Middlesex Stre t Railway, Natick &
Needham Street Ry., Waltham Street Ry. and Westboro a Hopkinton
Street Ry.
The entire issues of the stock of these roads have been
acauired. In 1902 secured entire ($324,700) capital stock of the
Waltham Gas Light Co.; V. 74, p. 377.
fThe Waltham Gas earned
$185,050 gross, $47,595 net, and $17,375 surplus above dividend'x
In year ending June 30, 1906.] In 1902 also purchased Norumbega
Park and Lexington Park.
STOCK.—Shares have no par value, but In oase of liquidation the
preferred shareholders will be entitled to $100 per share, with aoorued dividends; the common shares participating pro rata in the
remaining assets. (See V. 73, p. 1159,1263.) In 1904 15,635 shares
of pref. aud 15,635 shares of common were offered to shareholders at
$H6 67 f>»r one share of pref. and one share common Jointly.
Listed
on Boston Stock Exchange in April, 1905.
Dale.
Kate.
Dividends,
Owstandi’g.
Common stock,
47,969 eh.
-
Pr$100?erVhaYe cam:”:: \
47'U9 sU '»“• >«.’07.75o
payable Sent. 30.’05
805,000
Road.—Companies owned and controlled operate in the aggregate
about 141 miles of track from Needham on the south to L*well ou the
north, and conneotiug at six points wTith the tracks of the Boston
Elevated Ry. At Westooro connection Is made w*ith the Worcester
Notes
Consolidated.
Dividends.—First of $1 on pref. paid Apr., 1902;
and $1 Oct. 1902. In 1903, $4. In 1904, $3. In
h1ho$i July, 1902,
1905, $2. In 1906,
In 190Jan , 75c.
For fiscal year ended Sept. 30, 1906:
Income, gross
$197,780; net, $153, 20; dividends, $117,797; surplus. $35,723.
$2.75.
report
OFFICERS-—President, Adams D. Clatllu; Vice-Pr^sidmii. Win. F.
Treasurer, Aldeu E Viles; Secretary,
Frank W Remiok.
V 80, p. 1423; V. 81, p. 558,1790, 1847; V. 83, p. 154. 1410.
Hammett:
(1) LEXINGTON & BOSTON STREET RY.—TroLley.
April, 1903, by Massachusetts Supreme Court. V. 76, p. 809.
S’OO & Bonds—
taturitv.
Date. Interest. Outstand'g.
Stock, $15,000,000 ($100).:
F.-A. $13,3( 0,000 Fel).15,’« 7,3%
Debentures, $11,000,000 > 1905 4g.M-N.
7,500,000 May 1.1936
gold
o&rvOld Colony Trust Co., Boston, Registrar,
Organization—Incorporated in June, 1899. Operation begun in
I960. Iu Oct., 1903, RR. Commissioners granted permis¬
sion to issue remaining $150,0(J0 bonds to provide for tloating debt.
Bonds The coupon bonds are in denomlnati *ns of $500 and $1,000
aud registered bonds are In denominations of $1,000, $5,000, $10,000
and $.*'0,000.
Stock, $525,000 ($100)
affirmed
Dividend*—First dividend, 2H per cent, was paid Aug. 15,1898.
1899, 5*4 p. 0.; in 1900, 4*i p. o.; in 1901, 5$i p. o.; in 1902, 6p. o.;
1903, 6 p. o.; In 1904, 6 p. c.; in 1905, 6 p. 0.; in 1906, 6 p. c.
In
In
In
1907, Feb., 3 p. c.
Annual Report—Report
Sept. 30, 1906, V. 84, p. 155.
of Boston Elevated Ry. for year ending
For 1905, V. 82. p. 98.
Gross earnings
Net earnings
Interest on deposits
Total net.
Deductions—
Interest on West End debt....
Taxes. West End
50,280,786
48,273,622
$13,527,185 $12,689,676
4,220,235
4,072.023
10 *,426
51,893
'$4,327,882 $4,123,916
48,317,881
$12,391,353
$654,758
$629,600
517,209
301,322
106,887
197,206
$653,680
573,204
344,823
115,987
201,269
1,190.248
Taxes, Boston Elevated
Compensation tax
Rental of subway
Dividends on West End stock.
Other rentals.
Rental to Old Colony St. Iiy...
Int. on Boston EL fund. debt..
East Boston tunnel rental....
Dividend
*
Surplus for year
These
3.759,800
45,240
$3,805,040
579, V *26
358.905
109,202
193,142
1,190,248
9,180
33,772
125,000
35.398
9,180
37.783
300,000
49,708
1,180,752
9,180
33,111
$829,773
$8 5.Of*5
(6%)798,000 (6%)798,000
$31,773
$3 *’,085
$53,778
revenue passengers only.
No data available in
figures
<
over
1904 5 as to free transfer passengers
number was estimated at 139,000,000.
or
Miles.
Road—Sept. 30, 1906.
Main line, 1st Ir’k (6*« m.“L”) 221
do
2d tr’k (68> m."L”). 186
Sidings, Ao. (3 m. “L”)
50
Owned
carried.
by West End
In 1903-4
.....
Miles.
390
Leases, tr’kage, eto( 16 m.' ‘L’’)
67
.......
Total (16
Total (16
in.
“L”)
457
m.
“L” track)
Electrically equipped
457
450
Weight of girder rail is 70 to 100 lbs. Cars, 3,418; horses, 286; elcotrie motors, 4,798; snow plows, 306; suow sleds, 624; miscellaneous
vehicles, 557.
Officers—Pies., William A. Bancroft; Vlce-Pres., Charles 8. Seiv
geant; Treas., William Hooper; Sec., John
son.—V. 82. p. 98, 217; V 83, p. 93,1410,
T. Burnett; Aud., H. L. Wil¬
1522, 1590; V. 84, p. 101,
155,270.
I'oinpniiten Controlled
by Bouton Klevnted Ry. Co.
(1) WEST END STREET RAILWAY—A trolley road.
V. 83, p. 818.
STOCK & Bonds-
Date.
Interest.
Outstanding
Maturity.
$52 5,000 In 1903-4 1%
mtge..
$500,000 £ 1900
4^ g.A-O.
350,000
Julyl, 1920
gold ($1,000)
o* > Interest at Beacon Trust Co.. Boston, Trustee.
Current liabilities Sept. 30,1906
$344,410
Bonds are subject to call before July 1, 1905, at ILO, then until
Julv 1,1910, at 107 »*, and thereafter at 105. Of the $500,000 author¬
ised, $150,000 are reserved for extensions, etc.
Earnings—Year to Sept. 30. 1906: Gross, $160,582; net, $46,032;
oharges,$42,161; surplus. $3,871.
Road -Ow*ns and operates 27*67 miles of track, leases 5 miles, totai,
S3 miles, extending from Arlington Heights (the terminus of Boston
Elevated system) through Lexington and Bedford to Billerica, where
oars go through to Lowell without change, and also to the Sullivan
8uuare. Charlestown, Station o the Boston El. Ry . with branches to
Waltham, to Conoord aud to Woburn; laid with 95 lb. girder rail and
60 and 70 lb. T rail; operates 1 8 motors, 25 box and 38 open ears;
total, 63 oars; 7 snow plows; 2 work cars.—V. 83, p. 155, 818.
1st
(2) NATICK & COCHITUATE ST. RY.—Trollej road.
Organization—Stook, $100,000, par $100. No bonds.
Current lia¬
1906, $207,118. DIVIDENDS - In 1898-99 to 1902 03.
Inclusive, paid 8 p. o per annum; in 1903-04, 2 p. o.; in 1904 05, none;
in 1905-06, 6 p. c.
18 miles of trade.
EARNINGS—Year to Sept. 30,
1906: Gross, $100,494; net, $22,221; oharges, $13,83v*, dividends,
$6 000; surplus, $2,390.
bilities Sept. 30,
(3) NEWTON STREET RAILWAY.—A trolley road.
$951,778
<6%P9»,00°
Balance
1905 6
1903-04.
1904-05.
1905-06.
*262,267,240 *246,941,776 *241,681,945
Revenue passengers
Car miles run
May.
Organization—Chartered in 1887.
In Dec.,
1903, the Railroad
Commission authorized an issue of $292,000 stook. share for share,
for ihe stock of the Commonwealth Ave. Street Ry. and $115,000,
share for share, for the stock of the Wellesley A Boston St. Ry. V. 77,
p 2093.
Stock & Bonds—
Stock
($907,000, par $100)
Date. Interest. Outstand'g.
Q-J
$722,000
Maturity.
See text.
Naont»^^&no°ot\1892
* ■>-'> s"-000 jui71912
payable at American Loan & Trust Co., trus -e. Boston.
Interest
Comm. Av. 1st mort., $75,000 S
1896 5 g. F-A
7 .000
Feb. 1,’16
c* ( Int. at lutern’l Tr.Co.. Boston. Trustee.
“Current liabilities” Sept. 30, 1906. $511,904
Annual REPORT—For years ending Sept. 30 earutng-* were:
1905. I
1906.
1906.
1905
Gross earnings.$361.596 $323,743 | Balance fordtvs. .$41. 97 $30,497
Net
107,608
96,966 Dividends paid
36,100 25,270
Int., taxes, etc.
66,411
66,469 I Balance, surplus.
5.097
5,227
($*'00), g
..
V. 78, 2442, 2599.
Road—Owus from Newton to Waltham, Watertown, etc., 13*30 miles
track (measured as single); sidings, etc., 0*57; trackage. *2* 49; total.
16*36 miles; Commonwealth Ave. St. Ry., 7*62 miles; Wellesley A
Boston St, Ry.
8*66 miles; total operated, 40*384 miles.
[VOL. LXXXIV,
STREET RAILWAYS
12
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MAP OF THE
BOSTON & NORTHERN
AND
OLD COLONY
LiLv. •/.
(Ul {/,C;H|
.
LITTLE
J
Street
Railway Companies.
(Massachusetts 'Electric
Companies>.
Feb.,
(a) WALTHAM STREET RAILWAY.
1900. Entire ($100,
Companies. Operated since
STOCK & BONDS— Date.
Interest.
Outstanding.
Maturity.
Stook ...$100,000
See text
5g. J-D.
1925
lstmWre., $100,000) 1905
100,000
($1,000)
s Int. at 4mer. Loan A Trust Co., Boston, Trustee.
Floating debt Sept. 30,1906, $10,169.
Earnings for fiscal year ending Sept. 30,1906, gross, $10,739; net,
$3,291; charges, $3 626; deficit, $335. Operates 7*183 miles of track.
ORGANIZE ion —Incorporated in Maas, in
000) stock owned by Boston 8ub. Eleo.
Deo. 1905 by Newton 8t. By. under an agreement.
V. 81, p.
1850.
(4) NEWTON & BOSTON STREET RAILW AY—Trolley.
STOCK & BONDS—
Date. Interest. Outstanding.
Maturity.
$200,000
Stook,$250,000,pr.$100
5 J-J
200,000
July 1,1912
$ 1892
(Int. pay’le at Am. L. A T. Co., trustee,Boston.
$361,040
Current liabilities Sept. 30, 1906
Dividends—In 1898, 5 p.o.; in 1899, Jan., 1*4 p. o.; in Apr., I1* p. c
1st M. for $500,000....
Not subject to call.
None since.
$63,657; net,
$26,699.
Newtonville
Earnings—For year ending Sept. 30,1906, gross,
$6,431; interest, taxes, etc., $30,130; balauce, deficit,
Road—Owns 93* miles of trolley. Operates a portion of
A Watertown St. Ry., under lease of 1897. Total traokage, including
sidings, 11*37 miles.
NEWTONVILLE A WATERTOWN STREET RY.-TroUey.
(«}
OrganiZATiON—Operates about 5 miles of track.
Stock, $50,000; out¬
standing, $50,000; par $100. Unfunded debt Sept. 30,1905, $59,650.
No funded debt. Operated by Newton A Boston St. Ry., under lease of
1897, at a rental of 7*2 per cent per annum on ihe stook, payable
February and
(5) SOUTH
August.
MIDDLESEX STREET RAILWAY—TroUey.
reoelver.
Interest. Outstand'a.
Maturity.
See text.
See below. $100,000
1895
5g.F-A
100,000
Feb. 1, 1915
Interest payable at International Trust Company, Boston.
Current liabilities Oct. 1,1906, $392,100 .
Dividends: In 1894, 6 p. o.; in 1894-95, 2^ p. o.; in 1895-96, 4 p. o.;
1896-97, 53a p. c.; 1897-8, 6 p. o.; in 189&-99, 6 p. o.; in 1900-1, 6 p. o.;
This company
is in the hands of a
Stock & Bonds—
Stock ($100)
1st M., $100,000, gold.
none
since
Road—Owns 15 954
Date.
miles of track; rails 75-lb.
16*123 miles.
Earnings—Year ending September
including sidings,
$27,007; charges,
13
STREET RAILWAYS.
1907.J
T; total operated,
30, 1906, gross, $88,289; net,
$17,326; surplus $9,681.
(«) NATICK A NEEDHAM STREET RY.-Is leased to South Mid¬
$50,000 stocx and interest on
in Jan., 1904, and a large part
$50,f00 of 5 p. o. first mortgage
gold bonds due Feb. 1, 1921. Owned 5.822 miles of track.
(61 WESTBORO A HOPKINTON STREET RY.ORGANizATION-Incorporated in 1901, and owns road from Westboro
to Hopkinton, 6*53 miles. Stook, $40,000, par $100. Bonds, first mort¬
gage, 5 p o., $40,000 due Nov. 1, 1922.
Earnings for year ending
Sept. 30. 1906, gross, $13,053; net, $1,383; fixed charges, $2,285; de¬
dlesex St. Ry. at rental of 4 p. c. on the
bonds.
Receiver oeased operating road
of track taken up. Has outstanding
Dividends—First div. on pref. stock, 2 p.o., was paid Deo. 1,1899, also
June 1,1900. Div. period then changed to JAJ and 2*3 p. o.
2 p. o.
paid .Jan., 1901;
1904, Jan., 2
passed See V.
1906, and Jan., 1907,
dividends were also passed.
Plant.—The street railways controlled nave 891*74 miles of main
line and 930*39 miles of track, and own and operate 1,910 oars, of whloh
814 are closed and 1,096 open oars; power stations, 16, with a capac¬
ity of 53,410 horse power.
G.RA
OFFICERS.—President, Gordon Abbott; Vioe-Presldent, Charles E.
Secretary, Everett W. Burdett; Treasurer, J. H. Good-
Cottlng;
Bart¬
speed, Gen. Manager, P. F. Sullivan; General Auditor, D. Dana
lett. Executive Committee: Messrs. Gordon Abbott, Charles Francis
Adams, 2d, E. N. Foss, Peroy Parker, Philip L. 8altonstall, Charles E.
Cottlng and Philip Dexter. Oflioe, 84 State St., Boston. V. 82, p. 281,
568, 868, 1041; V. 83, p. 626, 818,1411, 1461; V. 84, p. 51.
(1) BOSTON A NORTHERN STREET RY.—An electric road.—See
Map on page 12.
Organization—This was the Lynn A Boston RR., but on July
23, 1901. name changed to present title.
The Lynn A Boston
RR. was incorporated under laws of Mass. April 6,1859. In 1900 ab¬
sorbed the Gloucester 8t. Ry. (whioh, Jan. 18,1900, had absorbed the
Rookport St. Ry.) and the Wakefield A Stoneham St. Ry., whioh latter
on Deo. 31,1899, had absorbed the Woburn A Reading, the 8alem A
Wakefield, the Mystic Valley and the Reading A Lowell. In April,
1901, acquired the Beverly & Danvers. In May. 1901, absorbed the
The Lowell
consolidated with the
reoeived authority
absorbed the Gloucester
exohange. share
Read St. Ry.
absorbed the Haver¬
had absorbed
the Reading Wakefield A Lynntteld Street Ry. In Sept.. 1906, ex*
ohanged Its stook for stook of the Georgetown Rowley A Ipswioh 8t.
Ry. and the Lowell & Boston St. Ry. V. 83, p. 818. In Jan., 1907,
RR. Commissioners granted permission to issue $300,000 additional
stock for additions and improvements. V. 84, p. 51.
STOCK & BONDS—
Date. Interest.
Outsiand'g LastDiv.de
Stook (par $100)
$10,743,200
In 1906, 5%
Ref. M.. $15,000,000,) 1904
4 g. J-J
2.176,000 July 1,1954
gold ($1,000)
o* > Int. at Adams Trust Co., Boston, Trustee.
Naumkeag Street Ry.
Consol. M. ($1.000)....1890
5J.-J.
711.000 July 1,1910
Int. at Knlokerb. Trust Co., N. Y. Manhattan Trust Co., N. Y., Trus.
1890 5 M.-N.
100,000 May 1, 1910
Lynn Belt 1st
American Loan A Trust Co., Boston, Trustee.
Essex Eleotrlo 1st
1891
6 J.-J.
100,000 Jan. 1,1911
Lowell Lawrence A Haverhill and the North Woburn.
Lawrenoe A Haverhill bad in Nov., 1900, been
Lowell A Suburban, and the latter had previously
to lease the Nashua St. Ry. On Mar. 2, 1903,
A Rock port St. Ry., previously leased.
In June, 1903, received permission to issue stook in
for share, for Middleton & Danv. stook and for Law A
stook. The Middleton A Danvers had previously
hill & Andover Street Ky, and the Lawrence & Reading
ficit, $902.
Old Colony Trust Co., Boston, Trustee.
Lynn ABost. 1st m., g.,) 1894 5 g.J. D.
3,723,000
$5,218,000, $l,OOO.o* S Int. at Old Colony Trust Co., trustee,
l
lstm,($1,000) >1900
ft g.J.-D.
$180,000, gold
j Int. at Mercantile
.1899 5
H. G. A D. 1st Mtge
Ooup. notes, $405,000 1897 6 A.-O.
Plain bonds seoured by
Lynn A Bos. mort. of 1894—
Lynn A Boston, Deb
1887 5A.-0.
Deo. 1, 1924
Boston.
180,000 June 1, 1920
Tr. Co., Boston. Trustee.
35,000 Moh. I, 1919
405,000
April 1, 1917
100,000
Apr. 1,1907
MASSACHUSETTS
ELECTRIC
COMPA¬
do
do
1892
5M.-S.
186,000 Moh. 1,1912
NIES. —Electric light and street railways.
Naumkeag, Deb
49,000 Apr. 1,1907
1887 5A.-0.
1890
6M.-S.
do
24,000 Sept. 1,1910
Organization—Formed in May, 1899. Is not an incorporated
company, but a voluntary association managed by a board of fifteen
do
1891
6 J.-J.
10,000 July 1,1911
trustees, who hold the title to its assets. Messrs. E Rollins Morse A
Glou’sterSt.Ry.lstM.,g..1887
5 A.-O.
60,000 Apr. 1,1907
Bro. and Tucker, Anthony A Co. of Boston, who promoted the combi¬
Interest Is payable at American Loan A Trust Co., Boston, Trustee.
nation, in .Tune, 1899, in offering some of the stook for public sub¬
5 * J*D
125,000 Dec. 1,1916
scription [$1,000 of preferred and $500 common was offered for °l2t M®*lt^bob (*7-11896
$1,050], stated that “the Declaration of Trust contains strict pro¬
000) gold
o* )Int* at Amer* L* * T*
visions against the creation of any indebtedness whereby any share¬
holder or trustee can be held to any personal liability.” Comprised
5«-M-9
originally between 30 and 40 separate properties, but through consoli¬
The last Issue is redeemable at 105 after Maroh 1,1900.
Interest
dation there are only two operating companies, namely the Bos
at American Loan A Trust trustee, Boston.
v
ton A Northern St. Ry. and the Old Colony St. Ry., besides the Hyde
The Mystlo Valley St. Ry. has out $60,000 gold 5s, due Jan. 1,1919.
Park Electrio Light Co. The following is a list of the companies
The Rockport 8treet Ry. has outstanding $12,500 6 per cent ooupon
controlled, with their share capital Feb., 1907.
notes, Interest payable April and October, due Oot. 15, 1916.
The Gloucester A Rookport has outstanding $10,000 6% coupon
COMPANIES CONTROLLED FEB., 1907.
8 hares.
Shares. notes dated Feb. 1, 1895, and due Feb. 1,1915.
LOWELL LAWRENCE A HAVERHILL.
Boston A No. St. Ry. Co...107,432
Hyde Park Eleo. Light Co. 2.875
Old Colony Street Ry. Co.. 75,123
STOCK & Bonds—
Date. Interest. Outstand'g.
Maturity.
Total
185,430 8tock ($100), oom
Was exchanged for Lynn A Boston.
Of the above 185,430 shares, practically all were at the date given
Merrimack Valley Streets 1891 5g.A-0
$342,000 Apr. 1,1911
owned by the Massachusetts Eleo Companies
The system comprises
Railway 1st mort. gold. (Interest at Inter. Tr. Co., trustee, Boston.
electric street railway lines in 22 cities and 70 towns in Eastern Mas¬
936,000 June 1, 1923
Lowell Law. A Haverhill ( 1893 5g.J-D
sachusetts and New Hampshire and Rhode Island. The companies
1st mort., $1,900,000, < Sub), to call for the sink. fund, at 105 A int
given cover the greater part of tae street railway mileage north of
gold, $1,000
o* {Interest at Am. L. & T. Co., trustee, Boston.
Boston as far as Nashua, N. H., and Newburyport and Gloucester,
l 1898 5J-J
*64,000 Jan.1,1928
Mass., and south as far as Fall River and New Bedford, Mass., and
Newport, R. 1., connecting directly with the street railway system of
.
at
8tate
5
Intere8t
*
Boston. Various electric lighting companies doing business in the same
Low. Law. A Hav. Oonsols of 1893 are reserved for Merrimaok Val¬
section are also included.
ley bonds when due.
Lowell A Sub. St. Ry. )
1891 5 g. J-D 1,000,000 Deo. 1, 1911
St ock & Bonds.—The share capital is represented by certificates
of participation, which give the owners a proportionate interest in
1st M. 1891, gold.c* ) Int. at the Am L. ATr. Co., Boston. Trustee.
the shares held by the trustees. Both classes of shares are reported
Bonds—Of the $15,000,000 Boston A Northern bon.ls, $7;982,500
are reserved to retire prior liens.
These bonds have no sinking fund
exempt from taxation in Massachusetts. Listed on the Boston Stook
Exchange in April, 1901. $5,500,COO preferred stook was authorized
and are not subject to oall. Of the $5,379,000 first mortgage bonds
of the Lynn A Boston RR., $363,000 have been canceled, and the un¬
May 29, 1902, and sold to a syndicate. For consolidated balancesheet
issued balanoe is to be used to take up other bonds. The Merrimaok
of companies controlled, see V. 83. p. 1467; this balance sheet shows
$18,543,000 aggregate stock of the controlled companies Sept. 30,1906, Valley St. Ry. 1st mtge. bonds are redeemable at option at any time
$18,126,000 funded debt Sept. 30.1906, and $1,780,000 notes payable after 10 years from tneir date.
to outsiders.
DIVIDENDS—From 1880 to Oot., 1899, inol., 8 yearly; in 1900, 7;
Dividends.
Date.
Rate. Outstand’g.
in 1901, 6; in 1902, 6; in 1903, 5 p. c.; in 1904, 2*« p. c.; in 1905,2 p.c.;
Common stock, par $100 }
j qqq iaa
in 1906, 5 p. c.
($14,293.100)
\
$14,293,100
Road—Comprises the lines of the Mass. Eleotrlo Companies north of
Pref. stock, par $100 ($20,-^
^ t^.t on
arm July,’04, 2%
Boston, embracing 460 791 miles of mam and 2d main line and 479*405
..
Co*» Boston, Trustee.
150'000 Mar. 1,1915
Wl‘tM.$lSO®OOo!g!;“i1895
8treet Tru9t Co Bo8t<m
RWbSassumed
\
557,400) 4 p.O. cum
notes, $3,500,000,4
red. at 102 any int. date[>
($1,000) gold.
)
4 J AJ 20,557,400
1905 4tflg. JAJ 3,500,000 July 1,1910
Int. at Old Colony Trust Company,
Boston, trustee.
Of the new coupon notes of 1905, $2,700,C00 were issued to retire
the prior notes. The collateral for these notes consists of $3,656,300
stock of the Old Colony St. Ry. and $718,700 stock of the Boston A
miles of
track—all owned.
ending Sept. 30,1906, of all com¬
A Northern St. Ry.: Gross, $4,412,036
Det, $1,610,035; other income, $14,072; charges, $944,705; dividends
(5%). $537,160; surplus, $142,242.
OFFICERS—President, Patriok F. Sullivan, Lowell; Treasurer, P. M.
Reynolds. V. 81, p. 1846; V. 82, p. 1155.
Northern St.
y
See V. 81, p. 726, 1436.
(a) BOSTON A CHELSEA STREET RY.—Owns 4*379 miles of track.
Report.—Report for year ending sept. 30, 1906 (see Chronicle
Leased to Lynn A Boston Street Ry. Oo. at $7,260 per annum, equal to
Deo. 15, 1906, p. 1467), shows receipts from dividends, $710,498; from
6 per cent on $121,000 stook, payable AAO.
Interest on notes, eto., $66,652; total, $777,150; expenses, $18,396;
interest, $157,500; surplus, $601,254; previous surplus, $176,919; to¬
(b) BOSTON A REVERE ELECTRIC ST. RE¬
tal surplus, $779,173.
ORGANIZATION—Incorporated June 24, 1889. Leased from July 1,
CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COMPANIES.*
1895, for 99 years to Lynn A Boston, whioh guaranteed interest on
1902-03.
1903 04.
1904-05.
the
Year end. Sept. 30— 1905-06.
$50,000 bonds (of whioh $31,000 had been retired up to Feb. 1,1907)
$6,3*0,863 $6,333,911
and divides on $50,000 stook from July 1,1898, at 5 p. o. per annum.
$7,518,240 $6,734,127
Earnings
4,155,909
4,479.520
4.456.303
Matunty.
STOCK & BONDS—
Date. Interest. Outstand'g.
Expenses
4,883,552
$2,178,002 Stook (par $100)
5 J-J
$50,000
Net earnings
$2,634,688 $2,277,s24 $1,901,343
1,331,147
1,462,626
19,000 Feb. 1,1910
1st mort. drawn at 104.. 51890
5F-A.
Charges
1,594.503 1,543,514
Int.(notpr.)gu.by B.AN. (Interest at American Loan A Trust, Boston.
$846,855
$438,717
$734,310
Divisible income.$1,040,1&5
Coupon
Dividends
Balance
-
710,406
$329,779
466 003
840,233
$361,862 def.$27,286
$6,622
372,448
Georgetown Rowley A Ipswich is included
1901-05, but is not inoluded in either of the preceding
♦The
in 1905-06 and
years.
Annual
Report—For fiscal year
panies Inoluded in the Boston
Road—Total track, 3*812 miles.
(C) EAST MIDDLESEX STREET RE¬
ORGANIZATION—Owns 18*6 miles
0*8; total, 19*4 miles.
of track; sidings, switohea, etc.,
Leased May 1,1893, to Lynn A
Boston (now
14
STREET RAILWAYS
Boston & Northern) for 99 years at a rental till May 1, 1896, of
$18,000 yearly in addition to fixed charges; then till May 1,1901,
$24,000 yearly; and for remainder of lease, $30,000 yearly. Eight per
cent dividends had been paid, but on May 1,1901, were increased to
10 per cent. The refunding bonds were issued to take up a like amount
of 5 per cent bonds which matured on Jan. 1, 1902.
Stock & Bonds-Date. Interest. Outslana'g.
Maturity.
Stock ($100) $300,000
10
$297,700
Plain bonds, int. gu. (end.).
1898
5 M-S
120,000 Sept. 1,1918
Refd. bonds, int. gu. (end.).
1902
4 J-J
100,000 Jan. 1,1922
Interest at State National Bank., Boston.
The lessee in the lease agreed to stamp both ssues of the bonds with
a guaranty of
the prompt payment of interest.—principal is not
guaranteed.—V. 67, p. 482.
(d) NASHUA
& Northern St. Ry.
ROAD—Operates 15-52 miles of track.
WINNISTMMET (STREET) RR.—
Organization—Owns 2-06 miles of track.
Leased to the Lynn A
Capital stock
Boston for 999 years from 1880, at $3,000 per annum.
Is $50,000, par $50. Dividends in 1894 to 1905, 6 p.o.
(2) OLD COLONY STREET RY.
(See map page li)—A trolley road.
Organization—This was formerly known as the Brockton Street
Railway, but on February 15, 1901, name was changed as above.
The Brockton
Street
Railway
was
a
consolidation
of
the
Brockton Street Railway, East Side, Brockton & Holbrook and Whit¬
man street companies.
In 1900 was consolidated with the Boston
Milton
Brockton, the Brockton Bridgewater & Taunton, the Brock¬
ton <fe East Bridgewater and the Taunton & Brockton.
Subsequently
was also consolidated with the Quincy & Boston and the New Bedford
Middieborough At Brockton.
In Nov., 1900, Mass. RR. Commissioners approved proposition to
purchase the South Shore A Boston and the West Roxbury Ac Roslindale. The South Shore & Boston comprised the Braintree & Wey
mouth Street Railway, the Bridgewater Whitman At Rockland, the
Hlngham strret Railway(the latter being a consolidation of the Hing
ham, the Hull and the Nautasket Electric), the Hanover Street Rail
way and the Rockland <fe Abington Street Railway.
The West Rox
bury <fc Roslindale St. Ry. had previously absorbed the Norfolk Sub
Colony Street Ry. mortgage,
These bonds are not subject
Road—Consolidated system operates 353 308 m. main and 2d main
line (including the Newport <te Fall River St. Ry.) and 396-615 miles of
track, (which includes track leased to Boston “L”) comprising the lines
of the Mass. Electrio Companies south of Boston.
Dividends.—Rate 1892 to 1898 inclusive was 6 p. o.; in ’99,8 p. o.; in;
1900, 8*4 P- o.; in ’01. 6 p. c.; in ’02, 5p. 0.; in ’03, 5 p. c.; in ’04, 3 p.o.;
In 05, 2 p o.; in 19^6, 2 p. c.
REPORT of consolidated companies (including Newport Ac Fall
River) for year ending Sept. 30,1906, gross. $2,666,212; net, $869,088;
other income, $129,277; charges, $676,239; dividends, $150,246
(2%); surplus, $171,880. V. 81, p. 1846; V. 82, p. 870.
(a) NEWPORT
On July 1,1900, was
leased to the Lowell A Suburban for 99 years, and lease now runs to
Boston & Northern through consolidation.
Rental-Dividends are payable Jan. and July at the rate of 4 p. o. in
1901, 5 p. c. in 1902 and 6 p. c. for the remaining 98 years of lease.
STOCK Bonds Etc.— Date. Interest. OuMandkg. Div.dkmaturity.
Stock,$325,000,(par $100)
$300,000
See text.
1st mortgage, $150,000 ) 1901 4 g. A-O
150,000
Oct. 1, 1931
($1,000), gold
o* S Int. at Old Colony Tr. Co., Boston, Trustee.
Bonds.—Entire issue may be called on and after Oct. 1, 1906, at
105 and accrued interest. The interest is guaranteed by the Boston
(e)
Bonds—Of the new $10,000,000 Old
are r' served for prior liens.
to call.
$4,619,500
STREET RAILWAY—Trolley.
Organization—Incorporated Aug. 14, 1885.
[VOL. LXXX1V,
Ac FALL RIVER STREET RY.-
Has been consolidated with
Newport Street Railway and Newport
Illnminat’g Co.; embraces 20-483
m of track In and between Newport
and Fall River; also electric lighting.
Was leased on July l, L901, for
99 years, to the Old Colony Street Ry. for a rental of 6 per cent per
annum and interest on bonds.
The Mass. Elec. Companies disposed
of its holdings in Feb., 1902.
STOCK, Bonds, Etc.— Date.
Interest.
Outstanding.
Maturity
Stock, par $100—
J.-J.
$90 >,000
See text.
Newport <te Fall River <1898
5 F-A
240,000 Aug. 1,1918
1st mortgage ..
\ American Loan Ac Tr. Co., Boston, Trustee.
New mort., $1.000,000,) 1904
396,000 July 1, 1954
4Lj J J
gold ;$1,000)
< Int. at Am. Loan &Tr.Co., Boston, Trustee.
Newport St. Ry. 1st M.) 1890
5 J-D
50,000 Deo. 1,1910
$50,000 ($500)
c. S Interest at the Indust. Trust Co., Provi., R. I.
New. Ill. Co. 2d M., g
5 g.
63,500
Oet. 1, 1925
Bonds Of the new mort. for $1,000,000, $353,500 are reserved
to retire prior liens. V. 79. p. 213, 501, 1462.
EARNINGS Of the Old Colony St. Ry. from operation of the Newport
& Fall River St. Ry. for year ending June 30/1906. were: Gross,
$264,503: net, $114,274; charges, $45,295; surplus, $68,979.—V. 56,
p. 1249; V. 79, p. 213, 501, 1462.
BOSTON & WORCESTER ELECTRIC COMPAN1ESORGANiZATlON.—This is a voluntary association organized under a
trust agreement dated December 29, 1902.
Its property consists of
*he capital stock and $600,000 “note payable’’ of the Boston «fe
Worcester Street Railway. It has issued 33.936 4 per cent cumulative
preferred shares and 34,614 common shares, no par value; but in
case of
liquidation prererred shares receive $iOO each before the
participation of com. In Jan., 1905, was listed on Boston Stock p;xchange. Stock was increaseo to present amount by the issue in July,
1' 06, of 6,0U0 shares common and 6.000 pref., which was offered to
shareholders at $105 for a block of $100 pref. plus $100 com.
REPORT - For year to Hept. 30, 1906, dividends received from B. &
W. Bt Ry. stock, $103,494; miscellaneous income, $10,979; total in¬
come, $114,473; expenses, $2,632; dividends. $111,744; surplus, $97,DIVIDEND8.—First div. on pref. stock—2 percent—paid July 1. 1904,
2 p. c. Jan., 1905, and 2 p. c July 1, 1905.
In 1906, 4 p. c. In 1907,
urban, the Norfolk Central and the Needham At Boston.
In Jan., 1901, also received authority to aoquire the Globe 8t. Ry.
(after the Globe St. Ry. had first absorbed the Dighton Somerset &
Swansea St. Rv., the Taunton St. Ry. and the Providence At Taunton).
On July 1, 1901, leased the Newport & Fall River Street Ry.
In Jan., 1907, RR. Commissioners granted permission to issue
$200,000 additional stock for additions and improvements. V. 84, p.5l.
Lease—In 1903 the Boston Elevated Ry. leased all this company’s
track in the City of Boston for 99 years. The lease provides for the
payment of all taxes and also 6^ p.o. on replacement value, (appraised
Organization—Incorporated In Massachusetts on Nov. 16, 1901Franchise perpetual. Owns a double-traok line between Boston and
Worcester and has purchased all franchises and property of the Fram¬
Stock & Bonds—
Stock (par $100)
Ref. M., $10,000,000, gold.
“.00
Stock, $1<
Bost. & Wor.lstmort.,$2,500,000,gold ($1,000)0*
at $353,979, less the rental of certain short pieces of track appraised
at $13,866) of property leased as of date Feb. 16, 1903, and 4 p. o. on
all additions and betterments.
Jan.. $2.
OFFICERS—President, James F. Sbaw; Vlce-Pres.. Arthur E. Childs;
George A. Butman.—V. 83, p. 36, 154; V. 84, p. 101.
Seo. and Treas.,
(1) BOSTON & WORCESTER ST. RY.-Trolley.
ingham Union St. Ry., Framingham Southborough & Marlborough St.
Ry. and the Marlborough & Framingham St. Ry.
STOCK db Bonds—
’
($1,000)
Brockton
Bonds
Outstandkg. Maturity
$7,512,300 In 1906,2%
1904 4 g. J-J 2,892,000 July 1,1954
Int. at Old Colony Tr. Co., Bost., Trust.
c*
Street
Ry.
r
.
s
Brockt.(Consol.)St. Ry.
$750,000
g....
J
b
PH
1890 4*a A-O
1892 5g. J - J
1894 5 g.A - O
33,000
15,000
689,000
Subject to call at 105 and
Apr.1,1910
Jan. 1,1912
Oct. 1,1924
interest.
Int. at State Street Trust Co.
Boston Milton At Brockton
1899
5 J-J
100,000 July 1,1919
1st mtg. bonds, $100,000.. Int. at Inter’l Tr. Co., Boston, Trustee.
Brock. Bridgewater & Taun.
1897 5 g. F-A
200,000 Aug.1,1917
lstM.g,$200,000($l,000)c* Int. at Am. L <fe T. Co., Boston,Trustee.
Brock. & E Bridgewater
1898 5g. F-A
30,000 Feb. 1,1918
1st M. g.. $30,000
i Int. at Am. L. Ac T. Co., Boston, Trustee.
Taunton Ac Brockton
)
1897
5 F-A
100,000 Aug.1,1917
1st mortgage $100,000
$ Int. at State St. Tr. Co., Boston, Trustee
N. Bedf’rdM'dleb’ro Ac Brock.)
1900
5 g. J-J
325,000 Jan.l,1920
IstM. $325,000 ($1,000) g. s Int. at Am. L. Ac Tr. Co., Bost., Trustee.
S
1894
6 J - J
35,000 July 25, ’14
Braintree mtge.
)
State St. Trust Co., Boston, Trustee.
GLOBB
STREET
Date.
RAILWAY SECURITIES.
Interest.
,
f., s.f., red. 105,after
Interest on the Globe Street debentures is payable in New York at N.
Y. Security A I'rust Co.
Taunton St,Ry.l st M. 1894
5 J-J
Jan. 1,1914
350,000
Do
Debentures. 1894
5 M-S
200,000
Mar. 1,1914
Interest on Taunton Street Ry. bonds payable at American Loan Ac
Trust Co., mortgage trustee, Boston.
autlior’d.f'ioo 000
S
1898
150,000
Sept. 1, 1918
A-meric}in Loan Ac Trust Co., Boston, Trustee.
SOUTH SHORE <fc BOSTON ST.
Date.
Bonds, 1st mtge.
gold, $1,000,000
($1,000)) 1899
\
RAILWAY. SECURITIES.
Interest.
Outstand'g.
5
$335,000 Aug. 1,1919
F-A.
Maturity
Interest at American Loan A Trust Co (trustee) Boston.
Braintree & Weymouth 1st) 1897 5 g. M-S.
80,000 Mar. 1,1917
M. gold, $80,000.
$ Int. at International Tr., Boston, trustee
Bridgewater Whit. Ac Rock.
1st mort., gold. $1,000.0*
Rockland A- Abington first
mort.,$100,000 gold....o*
1897 5g. M-N.
85,000 Nov. 1,1917
Int. at American Loan Ac Trust, Boston
1895 6 g. M-N.
100,000 May 1, 1915
Int. at Old Colony Tr. Co., Boston, trustee.
WEST ROXBURY A ROSLINDALE
Date.
ST. RAILWAY BONDS.
Interest.
Outstanding. Maturity.
1st M. $150,000, gold.s. f.
5g. M-S $137,500 Sept.l, 1916
) 1890
($500) red. ut 103 after > Interest at International Trust Co., BosSept. 1,1901
c* )
ton. Trustee.
Norfolk Central 1st mtg., j
gold, $100,000. Int. at 1 1898
5 g. J.-J.
50,000 July 1, 1918
InternationalTrustCo., f
(Subject to call after July 1, 1903.)
Boston, trustee
J
Norfolk
J.-J.
Suburban, 1st) 1894
5
61,000
July, 1914
mortgage
s Int. at Intemat’l. Tr. Co., Boston, trustee.
Dividends.—Paid 3 p. o.
in
Dale.
Interest.
Outstanding. Maturity.
$1,725,000 Jan.,’07,3%
1903 4ia g. F-A
1,610,000 Aug.1,1923
Int. at Am. L. & Tr. Co., Boston, Trustee.
J-J
5
\ j”t- ” t Am
47.000
Loan &
July, 1904; in 1905, 6
1907, Jan., 3 p. c.
Report.—For year ending Sept. 30, 1906:
1909
T«° b™ tonVustfe?
p. o.; in
1906, 6
p. o.;
Gross, $514,464:* net,
$245,073; charges. $132,675; dividends, $103,500; surplus, $8,898.
ROAD -Owns and operates 75 miles of track, a considerable portion
over private right of way, between Boston and Worcester. Rails, 75-lb.
OFFICERS—President, James F. Shaw; Vice-President, II. Fisher
Eldredge; Sec. and Treas., Geo. A. Butman.—V. 81, p. 1722.
BOWLING GREEN,
LAKE ERIE BOWLING
LEON R Y.—A trolley road.
OHIO.
GREEN & NAPO
Organization—Incorporated
Ohio in 1902.
STOCK & Bonds—
Date. Interest. Outstand'g.
Maturity.
Common, $750,000, $100
$365.0u0
Pref., $250,000. $100 6% n.-o
250,000
lsr M., $1,000,000, g., ($500) 1903 5g. M-N
231,000 Nov. 1, 1933
At $1,000)
c* s Int. at Union Tr. Co., Detroit,, Trustee.
Bonds-$7*6.500 bonds are reserved for extensions at $17,000 per
mile, and $12,500 in company’s treasury. No sinking fund and bonds
are not subject to call.
Earninqs-Foi- year ending Deo. 31, 1905, gross, $51,834; net, $18,335; fixed charges, $10,084; surplus, $8,251.
Road-Operates 20 miles of track between Bowling Green, O., and
Woodville; 40 miles additional projected, of which 4-5 mild completed
and right of way secured for about 12 miles. Standard gajfge, 6o-lb. T
rail. Connects at Bowling Green with the Toledo Bowling Green
Southern Traction Co., at Pembervllle with the Tole.fo Foster!a
Findlay Ry. and at Woodville with the Lake Shore Elec. Ry. Furnishes
electric light and power at Bowi’g Gr’n, as well as hot water heating.
OFFICE-S—President, Dallas B. Whipple; Vice-Pres. and Gen. Mgr
E. 11. MeKnight; Sec. and Treas., Chas H. Draper.—V. 78, p. 769.
.
Outstand'g.
Maturity.
5g. A-O
$750,000
April 1, 1912
lflt M., $750,000, gold, 11892
Redeemable at 105 and int.after April 1,1902.
$1,000 each
c* > Int. is
payable by true., Mass. Trust Co., Bost.
Debentures, g. ($1,000). c 1892
5g. J-J
550,000
July 1, 1912
o
Debentures,g. ($1,000). 1894
5g. M-S
125,000
Mar. 1, 1910
Dighton Somerset <fe 1 1896
5 g. J-D
109,000
Dec. I, 1915
Swan.b’ds,$125,000, >Int. at
Internat’l Trust Co., Boston, trustee.
Sinking fund is $3,000 a year.
une 1,1901 ($1,000)
PRv‘l8tgU($l°OOof*
Frarn. Union 1st mort....
Fram. Bo. & Marl. 1st M..
I
cl <u
Bonds, gold
1st M.
Date. Interest.
.
BRAT 1LEBORO, VT.
TWIN STATES GAS & ELECTRIC CO-Organization -Incorporated in Connecticut on Aug. 26, 1906, and
acquired control of the Brattleboro Street Ry., the Brattleboro Gas
V 83, p. 562. Control is held
Light Co and the Dover Gas Light Co
by the National Light, Heat At Power Co.
Stock & BondsDate.
Interest.
Outstand'g. Maturity.
Common, $1,500,000, $100
$1,250,0 6
Pref., $250,000, ($100)
250 000
1st & ref. M.. $1,500,000,) 1906
4Gg.A-0
500,000 Oct.1.1926
g. ($500 & $1,600)
e*) Int. at Knickerbocker Tr. Co., N. Y Trust.
Dover G. L. con. mort.,)
1905
5
175,000 Sep.l, 1925
$500,000
\ Union Safe Dep. At Trust Co., Trustee.
Union Gas At Elec, mort.,)
1897
250.000
$250,000
s Union Safe Dcp. At Trust Co., Trustee.
Brattl. Gas L. Co. mort...'
1903
5
75,000 Feb.2,1923
Bonds-Oi the $1,500,000 new bonds. $500,000 are reserved for
prior liens and $500,000 for acquisitions, extensions and improvements.
No sinking fund and’bonds are not subject to call.
Road—Operates 5 miles of track in Brattleboro, in addition togas
and electric light plants in Brattleboro and Dover.
OFHCERS-Pres., William M Wherry; Vice-Pres., Win, C. Pratt;
Sec. and Treas.,Geo. D. Martin.—V. 83, p. 499.
—
.
¬
RSAITLWEYS
iH|»7.
Feb.
operate the bridge lines. See V. 79, p. 626. Cars
the bridge in Nov., 1904. V. 79, p. 2084
The Transit Development Co. was organized
BRISTOL, CONN.
BRISTOL, & PLAINVILLE TRAMWAY CO.A trolley road. Also furnishes eleotrio light and gas.
Organization—Organized Sept. 21.11893. A gas plant was com¬
Franchises perpetual. In August, 1906, a majority
pooled for 5 years.
STOCK & Bonds—
Date.
Interest. Oulstandfg.
Maturity.
$250,000
See text
8tock, $1,000,000 ($100)
1905
4Vg. M.-N.
325,000 Nov. 1,1945
let mortgage, $500,000
Interest at Bristol National Bank, Bristol.
gold ($500 & #1,000..) Treasurer of State of Connecticut, Trustee.
Bond*—A re subject to call after 5 years at 102; after 10 years at par.
Earnings—For years ending June 30, including eleotrlo-iight plant.
of the stock was
Gross.
Year—
1906
1905
$145,760
125,871
112.779
Net.
hit. A taxes.
$48,316
$22,32*>
16,738
14,234
Div’ds.
Balance.
$12,000
$13,991
40,822
40,075
SECURITIES OUTSTANDING
9,000
6,750
000,000_gold..o'Ar ) Coupon bonds, $1,000: regist’d, $1,000, $5,000.
7.000,000 5g A-O Oot. 1,1945
350,000
B’klyn R.T.,g.,mort, >
1895. $7,000,000 o* )
a Int. at Colonial Trust Co., N. Y., trustee.
Brooklyn City RK. —
Ref. mtg. 1906, $6,-) 5200,000 4g.
F-A Aug. 1,1956
68,000
925,000 ($1,000).. > Long Island Loan A Trust Co., Bklyn., Trustee.
,
BRISTOL, TENN.
1st consol. M., 1891.
B’klyn Crosst. 1st M.
BRISTOL GAS & ELECTRIC CO-Trolley, gas and
electric light.
Organization
-
Cal. Cem. AG.lstM.
New W. & FI. 1st M.
G. & Lorimer 1st M.
Incorporated in N. Y. to consolidate the Bristol Gas
& Elect. Co. (Va.) and Bristol Belt Line Ry. Co.,
of which company it acquired.
Franchises are
STOCK & BonD8—
Stock, $3u0,000. ($100)
1st mortgage, #375,000.. >
g. ($500 A $1,000) o.Ar. s
Date.
Interest.
all the stook and bonds
perpetual.
B’klyn Heights RR. >
1st mort., 1891,... >
B. Q. Co. & Sub. 1st}
mort., 1894
£
Outstandiig. Maturity
$248,500
1903
Fg. J-J
263,000 Jan., 1923
Inter at Metropolitan Trust Co., N. Y.,Trus.
subject to call on any interest day at 110 and interest.
Earnings—For year ending sept. 1,1906, for both Bristol Gas &
Elect. Co. and Bristol Belt Line Ry.. gross, $57,287; net, $19,066;
fixed charges, $12,700; surplus, $6,366.
Road—Operates about 3^ miles of track.
F OFFICERS—President, Charles B. Hobbs, New York; Vice-President,
B L. Dulaney, Washington, D. C.; Sec. and Treas. and Gen. Manager,
Edwin M. Walker, Bristol.—V. 7 :. p. 174s; V. 83, p. 627.
Bonds are
page
Organization—Organized January 18,1896, per plan in Chron¬
V. 60, p. 1145, to succeed to the property of the old Long Island
Traction Company, foreclosed; syndicate headed by the late ex-GovFlower having then bought control. Is not<a railroad corpora¬
tion, but was organized under the Business Corporation law of New
York to hold the stocks and bonds of railroad companies and to aid in
the construction and equipment of railroads.
Franchises are per¬
ernor
petual.
Assets—The following Is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit Co. Feb., 1907:
STOCKS.
Entire capital stock Brooklyn Heights Hu. Co. (par)
$200,000
Entire capita) stock Brooklyn Queens Co. A Suburban UR. Co. (par).. 2,000,000
Entire stock Sea Beach Ry. Co., (owned by Nassau Electric) par value
660,000
Entire issue of the common stock of the Nassau Electric RR. Co., par. 8,500,000
63,*4* shares out of 05,000 shares of the 4* cumulative pref stock
of Nassau Electric RR. Co., par.
0,804,675
47.635*07 *b,ares out of 50,000 shares of the 6* non-curoulative pre¬
ferred stock of the Brooklyn Union Elevated RR. Co., par
4,704,01*7
124,405'IS shares out of i3o.000 shares of the common stock of the
Brooklyn Union Elevated RR. Co., par
.... 12,460,6P8
Entire capital stock of Coney Island & Gravesend Ry. Co. outstand¬
ing, (owned by Nassau Electric) par
86,400
1.402*28 shares Brooklyn Rapid Transit Co., par
146,228
Entire capital srock of South Brooklyn Ry
150,000
9.800 shares out of 10,< 00 of the Amer. Railway Traffic Co
fe80,000
Entire capital stock of the Transit Development Co
aft.Qco
£16,2 <0,868
$2,000,000
Co.)
50,000
1,627,000
129,000
80,000
948,000
1,000
au ftoo
*4.80^.01)0
for performance of Brooklyn City RR. Co’s lease
The Brooklyn City RR. Co. is held under a 999-year lease, dated Feb
14,1893, guaranteeing all|fixed charges, organization expenses, taxes,
and 10 per cent dividend on $12,000,000 of stook. The lease Is nomi¬
nally to the Brooklyn Heights RR Co., but the Brooklyn Rapid Tran¬
sit Co. owns the entire oapital stook of the Brooklyn Heights Com¬
•Composing guarunty fund
In 1898 the Heights Company leased the Brooklyn Queens
County A Suburban RR. The lease was renewed year by year, rental
being fixed charges, taxes and organization expenses. On July 1,
1901, the B. Q. C. A S. began operating separately again. On April 1,
1899, the Heights Company temporarily leased the Brooklyn Union
Elevated RR. Co.—see terms under the latter—and also on the same
date the Nassau Eleotrio RR. Later, permanent leases were made.
On June 30, 1904, presumably in consequence of a decision (V.. 79, p.
102.) compelling the issuance of transfers, the lease of the Nassau
Electric RR. was canoeled.
Stockholders of BroohlynClty RR July 10, 1906, authorized a new
pany.
mortgage for $6,925,000 to provide for refunding. V. 82, p. 1437.
For decisions as to transfers, see V. 79, p. 2204, 2587. Also see V.
82, p. 1323.
In June, 1906, transfer system was greatly extended.
For decision as to expired franchises, see V. 82, p. 1101.
In Aug., 1906, the company’s right to charge a 10 cent fare to Co-
Island was disputed ami riotous proceedings resulted. The mat¬
finally settled by the company agreeing to give a rebate
clie» k for the extra fare, the money to be refunded in case the « ourt
nev
ter was
Appeals decided adversely to Co. See V. 82, p. 379, 435,686. The
1907, sustained the company’s conten¬
tion as to the legality of the 10-ceut fare. See V. 84, p. 101 "
The (Brooklyn Rapid Transit Company in April, 1899, ‘acquired,
through one of its constituent companies, all the franchises ana prop¬
erties of the former Brooklyn & Brighton Beach RR. Co., and has con¬
verted it into an eleotrio road. The company also then leased for the
period of 999 years the Prospect Park A Coney Island RR. (see terms
tinder the latter), the New York & Coney Island RR. and the Prospeot
Park A South Brooklyn RR.
In November, 1899, acquired all the
stock of the Kings County Elevated Railroad, which has since been
consolidated with the Brooklyn Union Elevated. Id Feb., 1902, pur¬
chased property of South Brooklyn Railway Co. V. 74, p. 479.
In Nov., 1905, purchased at foreclosure tor $262,000 the road of the
Brooklyn & Rockaway Beach RR . 3>e miles, from East New York to
Canarsle, and later organized the Canarsie RR. Co., with $250,000
capital, to operate the road. V. 82, p. 1155. The entire stock of this
company is owned b> the Transit Development Co. Through ele¬
vated train service from the Williamsburg Bridge to Canarsle was
instituted July 30.1906. V. 83, p. 271.
On May 21. 1904, the Brooklyn Heights RR. Co. signed an agree¬
ment with oity for operation of trolley oars (but not elevated trains)
over the new Williamsburg Bridge
See V. 7*. p 2013, 2386. Later
the Bridge Operating Company was formed, with $100,000 oapital, to
of
decision of that court in Jan.,
($1000)gu
’99o! )
i
l
2,884,000 5g M-N * July 1,1941
144,200
Central Trust Co., New York, Trustee.
-
N0>a«on1sol*’lmMe)
bonds?#! 000)o*Ar \
$ 15,0(W,000 1°698 J
1st
mortgage
bopds, 1894
Atlantic
Ave.
>
s
.
1st I
mortgage, 1884.. S
Atlantic Ave. gen. >
M., gold. 1891
S
Atlantic Ave. Imp.)
$220,000, g.,1894)
tB.B.AW. E.lstM. >
Ser.B,red.Jan.’97 S
tB.B. A W. E. 2d M. )
red. July, 1896. )
B. B. A W. E. Genl. )
Int- at Central Trust Co., New York, trustee.
10.726,000 4 g J-J Jan. 1, 1951
429,040
Guaranty Trust Co., New York, Trustee.
Bonds guar, by end. by Br’klyn Heights RR.
660,000 5 A-O
Apr. 1,1944
33,000
Hamilton Trust Co., Brooklyn, Trustee.
730,000
5
A-O
Oct. 1,1909
36,500
Brooklyn Trust Co., Trustee.
112,050
H2,241,000 5g A-O Apr. 1, 1931
Brooklyn Trust Co., Trustee.
220,000 5g J-J Jan. 1,1934
11,000
Central Trust Co., New York, Trustee.
250,000 5 AAO Jan. 1,1917
12,500
Title Guarantee A Trust Co., Trustee.
52,000 5 J&D June 1, 1911
2,600
Title Guarantee A Trust Co., Trustee.
121,000 5g AAO Oct. 1, 1933
6,050
gold, 1893
$
Franklin Trust Co., Brooklyn, Trustee.
Total interest charges (on above $85,384,000 of funded
debt outstanding)
$3,822,340
Rental payments %n addition to payment of fixed charges—
B’klyn City RR. stock, $12,000,000,10% Q-J15, 999 years. $1,200,000
Prospect Park A Coney Island RR„ yearly rental
40,000
Sea Beach Railway Co. yearly rental
6,500
Total
$1,246,500
Note In addition to the amount given above, rental Is paid to the
Brooklyn Union Elev. RR., but as the Brooklyn Rapid Transit
Co. owns nearly all the stock of that company,) we omit the figures
-
BONDS.
First mort.6 n. c. bonds Brooklyn Queens uo. & Sun. RR. (par)
1st con. mort. B’klyn Queens Co. A Sub. (owned by B’klyu Heights
*
First mortgage 5 per cent bonds Brooklyn City RR. (par)
First cons. 4 p. c. bonds Nassau Elect. RR.
Gold 5 p. c. bonds Brooklyn Rapid Transit,
Ref. mort. 4 p. c. bonds Brooklyn Rapid Transit Co
Second mort. 5 p. c. bonds Brooklyn Bath a West EndRv
Consol, nr go 4 p. c. bonds Sea Btarh Ry
*
1894.5
5
J-J (July 1, 1941
300,000
200,000 5 J-J July 1,1908
10,000
200,000 6 J-D June 1,1907
12,000
200,000 4^F-A July 1,1941
9,000
125,000 6 M-N May 1,1910
7,500
250,000 5 A-O Apr. 1, 1941
12,500
People’s Trust Co.. Brooklyn, Trustee.
3,500,000 5g J-J * July 1,1941
175,000
Guaranty Trust Co., New York, Trustee.
6,000,000
240,000 5g J-J Jan. 1, 1930
12,000
Central Trust Co., New York, Trustee.
Sea B’ch Ry. 1st M„)
650,000 4g M-8 Sep. 1,1916
26,000
guar., 1896
j W. M. Gnnnell.W. O. Platt A Wm. Man, Trustees.
Brooklyn Un. Elev.) 16,000,000 5g F-A Feb. 1, 1950
800,000
1st M., 1899, guar. $
Int. at Central Trust Co., New York, Trustee
7,000,000 4g.F-A Aug. 1, 1949
280,000
15.)
icle,
^ftVTA0i’
$4 50(fw0
Jam. A B. RR. 1st >
mort., 1889
$
BROOKLYN, N. Y.
PBROOKLYN RAPID TRANSIT.—(See Map,
across
STOCK & Bonds— Outstanding. Interest.
Maturity. Ann. chargs,
8tk.,$45,000,000($100)$45,000,000
Br. Rap. Tr„ 1st Re-> 25,835,000 4g J-J July 1, 2002 $1,033,400
fund. M.(*02),$150.- >
Central Trust < o„ New York, Trustee.
15,084
19,091
Road—Operates about 12 miles of track laid with 56 and 60-lb T
ran, rrom Bristol to Plalnville, with branch to Lake Compounce
and to Terryville. Standard gauge, 26 oars and 3 snow plows.
^OFFICERS—President, Miles L. Peck; Vice-Pres., N. E. Pierce: Sec. A
Treas
M. L. Tiffany; Gen. Man., G. E. Cookings.-V. 81, p. 776.
1904
began running
in April, 1903, with
$25,000 oapital and is owned exclusively In the Interest of the Brook¬
lyn Rapid Transit Co. for oertain convenient purposes in connection
with the handling of real estate and kindred matters.
The American Railway Traffic Co., a freight-handling company, was
incorporated in Jan., 1904, with a oapital of $l,0u0,000, of whioh
$980,000 is owned by the Transit Development Co.
In April. 1900, the Brooklyn Heights Company began suit againrt
the Brooklyn City RR. to recover about $2,0<>0,000 far failure to fulfill
obligations claimed to bo imposed by the terms of the lease between
the two companies. On March 9,1905, D Cady Herrick was appointed
referee in the action by the Supreme Court in Brooklyn. Y. 80, p. 1174.
pleted in 1900.
*
| VOL. LXXX1V,
STREET RAILWAYS.
10
from the table.
*
Subject to oall July 1.1916.
t Subject to oall in 1916.
\ Subject to oall at any time.
IT Atlantic Ave. general mortgage 5s of 1931 were subject to oall In
1909, but many of them (how many Is not known) have been stamped
releasing them from the liability to call.
a The Central Trust Co of New York was tiustee of this
mortgage
until Oct., 1903, when the Colonial Trust Co. was substituted.
Entire
6
amount owned by Brooklyn Rapid Transit Co.
Stock—Stock authorized is $45,000,000; issued $45,000,000.
stock was
formerly held in
a voting trust,
The
but this terminated January
1,1900, and oontrol is now vested in tlie owners of the shares.
In the reorganization of Long Island Traction the old $30,000,000
stook paid an assessment of $10 per $100 share, the old stock being
reduced to $20,000,000, and $7,000,000 of 5 per cent bonds being
authorized, against $3,000,000 of Long island Traction.
Interest on Bonds, Where Payable.—Interest on the Brooklyn Rapid
Transit mortgage of If02 for $150,000,000 and the two Elevated Issues
is payable at the Central Trust Co.; on the B. R. T. issue of 1895 at the
Colonial Trust Co.; on the Brooklyn City RR. ref. bonds at com¬
pany’s office; on the Nassau Electric bonds, including Atlantio
Ave. and West End issues, at the Colonial Trust Co.; on the Brooklyn
Heights 1st mortgage at the People’s Trust Co., Brooklyn; on the
Brooklyn Queens Co. A Sub. mortgages and the Jamaica A Brooklyn
1st mortgage at the First Nat. Bank, Brooklyn; and on the Sea Beaoh
1st mortgage at the Brooklyn Heights RB. office.
New Mortgage for $rso,ooo,oco.—Stockholders authorized March 20,
1902, First Refunding Four Per Cent Gold Convert, bonds for $150,000,000. $60,936,000 Is Intended to retire all the existing bonds of
the
system (including the $7,000,000 Brooklyn Transit 5s),
and the rest for Improvements, additions and new acquisitions,
as needed
from time to
time.
The mortgage provides that a
fund of $5,000,000 in bonds or their proceeds be at all times at the dis¬
posal of the company for the purposes mentioned. See V. 74, p. 377. As
this fund is reduced for any of the purposes authorized, more bonds may
be authenticated by trustee, and delivered to the company on its order.
These bonds can be converted into stook, par for par, after July 1,
1904, and before July l, 1914, and are subject to oall on any interest
day until year 2,000 at 110 and interest; after that at par andlnterest.
See Listings application in V. 81. p. 1856 and 1857 for list of securities
pledged for the bonds; also listings applications in V. 82, p. 517; Y. 83,
p. 1122.
Bonds—Of the $7,000,000 50-year gold 5s of the
Brooklyn Rap.Trans.,
$3,000,000 went to stockholders for the assessment. For description
of property covered by the mortgage, see V. 62, p. 1138. See also
application in V. 67,
p.
904.
Brooklyn City RR. mortgage of 1891 Is for $6,000,000 and is
a
first
lien on the old Brooklyn City road and a consol, lien on the lines
aoaulred by consolidation in 1890. Of the $6,000,000 issued, $4,373,000 are in the hands of the public and the balanoe is held in the
guaranty fund. The Brooklyn City RR. ref mtge. is subjeot to call
after July 1.1915, at 110 and in
The total authorized issue of first consolidated mortgage gold 5s of
the Brooklyn Queens County A Suburban RR. Is $4,500,000, of which
$1,616,000 are reserved for extensions, on which they will be a first
.
$2,884,000 outstanding, $2,255,000 in 1898 were en¬
guaranty of toe Brooklyn Heights RR. Co. as to prin¬
Of the
lien.
dorsed with the
56091
cipal and interest,
17
STREET RAILWAYS.
Feb., 1907. J
and in January, 1899,
provision was made for
guaranteeing the remainder on the payment of ten dollars per bond
Both B. Q. C. & 8. loans are subject to call in 1916.
The Sea Beaoh Ry. 1st 4s also are guaranteed as to principal and in¬
terest by the Brooklyn Rapid Transit Co.—V. 65, p. 1219.
The Nassau Electric bonds are guaranteed (by endorsement on eaoh
bond) by the Brooklyn Heights RR. Besides covering the mileage
and ** p, o. extra. In 1903, June 30. 1»* p. o ; Deo.
In 1904, July 7, l** p. o.; Dec., 2 p. c. In 1905, 4 p o.; In
p. o,
31. H* p. o.
1906, June,
included In Brooklyn Rapid Trapsit.
OFFICERS—President, Edwin W. Winter; V-Pres T. 8 Williams;
2 p. c.; De<-., 21* p. o.
Annual REPORT—Now
8eo and Treas.,
C. D. Meneely.—V. 77, p.
2389; V 79, p. 268.
(2) NASSAU ELECTRIC RAILROAD.—A trolley road.
laws of New
leased the Atlantic
owns
Ry*
Electric and
been $6,364,675 out of the $6,500,000 preferred stock.
$15,000,000 Lease.—Was formerly leased for 999 years from Apr. 1, 1900, to
bonds authorized the unissued remainder is reserved for prior liens.
Brooklyn Heights HR.,but coincidently with a decision compelling the
See listing application In V. 72, p. 342.
issuance of transfers from one leased line to another (V. 79, p. 102)
Total
2d
Sid1 St
the lea*e was terminated on June 30.1904. For still another deoision
Mileage—The system Includes:
Track. ings,<&c. miles.
Track.
Name—
as to transfers, see V. 82, p. 1323.
Contraot to pay a minimum of 4
11st
*218
*483
*483
Brooklyn Heights RR
p. c. dividends on the preferred stock will, however, be fulfilled.
7 715 211 917
L04 692 99*510
The Nassau Electric Railroad owns the entire amount of stook
Brooklyn City RR
52 975
380
741 25 854
Brooklyn Queens Co. & Sub. RR... 26
($650,000) of the Sea beach Railway; also entire stook ($35,400)
8**48 135*784
64 0*15 63 051
of the Coney Island <fo Gravesend Ry.
The assets of the Kings
Nassau Electric RR
14*417
1*736
6*341
6*34
County Traction Co. were purchased at public sale In July, 1898,
6*723
*363
3 16
3*20
by the syndicate conducting the consolidation. V. 67, p. 74. 125.
3 645
•715
1*465
1*4*5
Certificate of merger of Atlantic Ave. RR. and United RR. (the latter
27*697
9*907
8*10
9*69
being successor to the Brooklyn Cable Company sold at foreclosure.
Prospect Park <fe Coney Island RR.
Deo. 23,1897) was filed on Jan. 26, 1899. V. 68, p. 283, 821.
Brooklyn Union Elevated RR—
68-836
28*536 28 537 11*763
Stock & Bonds—
Maturity
Date. Interest. Outstand'g.
24-644
4
010
10*317 10*317
Common stock, $9,500,000
Surface lines
...
$8,500,000
3-60
1*00
1*30
1*30
Pref.4 p.c.cum,$6,500.000
M-N
6.500,000 Nov.’06, 2%
2-37
*84
1*53
Bonds— For details see Rapid Transit statement above.
Trackage on C. I. & Brooklyn RR...
3*247
1*624
1*623
ROAD—Owns 135 784 miles of single track; also owns the stook of
Trackage on Williamsburgh Bridge
the Coney Island & Gravesend (6 723 miies) and the stuck of the Sea
46*455 557*039
J60 002:250 582
directly owned they are a lien by a supplemental agreement upon
stook of the Coney Island <fe Gravesend Ry. and the Sea Beach
and will become a direct lien on these lines as sooa as they have
formall> merged in the Nassau Electno. Of the total of
the
Organization—Chartered March 13,1893, under the
York. Opened in July, 1895, and In April, 1896,
Avenue RR., eto. As stated above, the Rapid Transit Company
the whole $8,500,000 common stook of the Nassau
..
....
30, 1906.—Closed cars, 1,330; open cars, 1,304;
combination cars, 1,084; mail, freight,snow-plows, sweepers, <feo., 389
—total, 4,191. Locomotives. 17
Latt&T Earnings—For 6 months ending Dec. 31:
Equipment June
COUNTY &, SUBURBAN RY.
BROOKLYN QUEENS
750,427
Surplus.
Fixed charges.
$225,372
2*9,642
Net.
$371,670
398,360
Gross.
$811,653
Tear.
1906
BROOKLYN HEIGHTS RB.
$14t>,298
168,708
CO.
$764,96«
$2,590,092
$3,355,060
869.730
1905
6,627,459
3,157,776
2,288,046
Report—The annual report for 1905-6 will be found in V 83, p. 623.
INCOME ACCOUNT BROOKLYN RAPID TRAN8IT AND CONSTITUENT COM¬
$7,084,440
...
JUNE 30.
PANIES—YEAR ENDING
161,245
90,890
1903-04.
127,260
132,655
65,697
159,783
35.620
$18,797,264
$16,585,580
$14,950,56
$815,147
$816,275
1,655,623
1904-05.
$15,649,401
219,641
123,511
340,892
1905 06.
Receipts$i7,536,72l
Passengers
Freight, mail and express.
309,555
Advertising
145,803
Amer.
Rents
431,244
156,959
166,977
Ry. Traffic Co
Other miscellaneous
ino..
Total.
Expens*
Operation of power
Operation of cars
General expenses
Damages and legal
F’ght, mad A exp.
603,289
973 104
552,068
999,527
537,265
987,635
3,962
1:2,205
139,515
45,893
62,330
748,258
1,642.799
1,609,534
4,251,337
plant.
exp’es
'K
exp’es.
Traffic Co. exp’es
o
301,673
827,951
882,862
$5,441,865
4,052,957
$5,953,759
4,350,540
$7,473,024
4,730,072
(net)
$9,508,597
$10,631,821
$11,324,240
Total
Net earnings
Fixed charges
1,441,386
3,917,803
$615,6P9
1,206,325
1,501,746
3,803,574
$1,388,908
Surplus
$2,742,952
$1,603,219
580,343
453.285
383.706
Balance
$2,162,609
$1,149,934
$1,005,202
Special appro, and miecel.
OFFICERS—President, Edwin W. Winter; Chairman
of Board, A. N
Horace C. Du Val and T. S. Williams; Secre
tary and Treas., C. D. Meneely; Vioe-President and Gen. Manager
J. F. Calderwood; Comptroller, Howard Abel. 85 Clinton «t.. Brooklyn.
INDEX—V. 83, p. 271, 379, 435, 623, 686, 1098, 1122; V. 84, p. 101.
Companies Controlled by Brooklyn Rapid Transit Company.
Brady; Vice-Presidents,
(I)brOOKLYN
road
Organization—Organized on January 30, 1899, as successor of the
Brooklyn Elevated Railroad and Its allied lines per plan in V.
64, p. 609.
Embraces the Kings County Elevated Railroad reorgan¬
now
electric.
UNION ELEVATED RR.—Formerly a steam
ized according to plan
in V. 68, p. 724, the Sea View
Railroad and the
Brooklyn & Brighton Beach RR
In February, 1907, the Brooklyn Rapid Transit owned $12,460,693
common aud $4,764,067 pref. stock of the Brooklyn Union Elevated.
Lease—Leased for999 years from July 1,1901; the lessee agrees to pay
organization expenses, taxes and fixed charges, and as rental all net
earnings, such net earnings not to be less than $150,000 per annum
the first three years, $200,000 the next two years and $250,000 per an¬
num thereafter.
Lessee also agrees to guarantee, principal and inter¬
and Kings County Kiev. RR. Go’s,
the bonds upon presentation. In
Feb., 1902, began stamping bonds with guarantee. Certain days each
month are designated for stamping.
8ee V. 84, p. 101.
est, all bonds of the Brooklyn Union
the guaranty to be stamped upon
Date.
Stock and Bonds.
stock, $13,00o,000, >
s
$100
Pref. stock, 5% non-oum., >
Outstand'g. Maturity, etc.
Interest.
Com.
f
$5,000,000, $100
1stM„ $16,000,000 g., 4%
till ’05,then 5% ($1,000) $
$13,000,000
T . ^
d‘su
)
5,000,000 Dec.,’06,2i*%
16,000,000 Feb. 1, 1950
£ AOi7i7
1899 £|_5*.
F. & A. £ Cent. Trust,N.Y.,Trustee.
Kinsfm °Sty$7E000a000 i1899 4**F&A 7,000,000 Aug. 1,1949
£ Interestat Central TrustCo,, N. Y., Trustee.
($1 000)
Both Issues of bonds are listed on N. Y. Stock Exchange.
Road—The Brooklyn Union embraces
68 836 miles of elevated track
New York
and 24 644 miles of surface track. Total, 93-480 miles. The
and Brooklyn Bridge has 3*60 miles of track in
On July 1,1898, the operation of the Bridge railroad was
See terms of contract in V. 67, p. 27,426. In April, 1898,
addition.
commenced.
an agree¬
ment was made with Long Island RR. providing for Joint construction
of connecting line at East New York and running of through trains
from Jamaica to
Brooklyn Bridge and from Rockaway
Park to Broad¬
Construction begun in Nov.. 1898, and work completed
1899 V. 67, p. 1054. On May 30, 1903, through service
by elevated trains (not Long Island RR. trains) from Broadway Ferry
to Jamaica wai inaugurated; but in Nov., 1903, the Board of Aidermen passed an ordinance prohibiting the operating of electric trains
on Jamaica Avenue, and the next month through service was dis¬
way ferries.
In February,
continued.
Dividends—The first dividend of 2 p. o. on the preferred
June 30,1 p. o. On Dec. 31,
paid June 29,1901; in 1902,
stock was
1902, l1*
miles.
owns the doubleStation in Brook¬
lyn, 91* miles (19 miles of track), which is leased for 99 years from
June 1,1877, to the Long Island RR.Co., affording that company en¬
trance Into the City of Brooklyn—rental, formerly a percentage of re¬
ceipts, was changed in 1895 to $60,000 yearly. V. 61, p. 828. Liti¬
gation has arisen with Long Island RR with reference to use of Atlan¬
tic Avenue. See V. 74, p. 1139
Dividend - First dividend under lease was paid Dec. 31,1900, 4 p. o.
Nov., 1901. 4 p o.; Nov.. 1902, 4 p o.; Nov., '03. 4 p.c.; Nov., ’04, 4 p. o.;
Nov. ’05, 4 p. o.; iu 1906, May. 2 p. c.; Nov., 2 p. c.
Latest Earnings—For 6 mouths ending Dee. 31:
Ye 'r.
Gross.
Ntt.
fixed charges.
Surplus
$730,546
$495,ltO
$235,386
1906
$1,674,840
1905
1,689,529
803,409
505,095
298,314
annual Report—For year ending June 30, 1906, gro?s, $3,293.238; net, $1,370,967; other income. $121,415; charges, $1,008,333;
surplus, $484.04R. V. 70, p. 125, 328; V. 71, p. 1220; V. 72, p. 240,339,
342.
V. 82, p.
1323.
(3) PROSPECT PARK <ft CONEY ISLAND RR.—A trolley road.
Organization—Controlled by Long Island RR., but on June
17,
1899, the Brooklyn Rapid Transit Co. took possession under a lease for
999 years to the Brooklyn Heights RR. ana equipped the road eleo-
$40,000 per annum
to $45,000. In con¬
sideration of a guaranty by Long Island RR., annual Interest on the
greater part of P. P. & C. I.’s bonded debt has been reduced from 6 and
7 per cent to 41* per cent. See V. 56, p. 42; V 62, p. 187.
STOCK & Bonds—
Date.
Interest. Outstand'g. Maturity.
Stook, $100
$250,000
2d M., now 1st ($1,000) 1886 41*
F. & A. 340,000 Feb. 1,1926
: \ 1886 6
each), 0.* & r
F. «te A. 160,000 Feb. 1, 1926
3d M. (now 2d), gold) 1891 4**g. M.& 3.
96,000 Mar. 1, 1931
($1,000 each), c.* & r. \ .1891 6
M.& S. 104,000 Mar. 1, 1931
Interest on above mortgages payable at U. 3. Mort. & Tr. Co., N. Y.
trically.
—
Maintenance of way
Maintenance of equipm’t.
An?. Ry.
Taxes
$14,429,546
Beaoh Railway (lt-417 miles); total track, 156 924
Atlantio Ave. RR. (now part of Nassau Electric)
track steam road from Jamaica to Flatbush Avenue
(V. 68, p. 1224; V. 69, p. 654.) Rental is
until 1910, when amount Increases
and expenses
1880
Income bonds,non-cum.
R. E. M., June 30,1905
Bills paya’leJune 30,’05
6
250,000 May 1,1920
M-N
29,766
5%
430,500
Road—Embraces 27*697 miles of single traok.
Earnings.—Now Included in those of Brooklyn Rapid Transit. The
Prospect Park <fc Coney Island reoeived as rental from Brooklyn
Heights in 1905-1906 $40,000; rental of buildings, $35,087; total,
$75,087; Interest, taxes, &o., $60,904; surplus, $14,183.
CONEY ISLAND & BROOKLYN RR.Organization—Chartered Deo. 10,1860. Cars commenced running
over the Brooklyn Bridge Feb. 15, 1898.
See V. 66, p. 383.
Brooklyn City & Newtown was leased in November, 1897, for 999
years, and in 1900 was merged into the Coney Island <fc Brooklyn.
STOCK & Bonds.—
Interest.
Dale.
(Jutstand'g. Last div., die.
Q.—F. $2,000,000 Feb.,’07, 2%
3tk.$2,000,000(p.$100)
First consol, mort., J 1898
4g. J.-J.
2,000,000 July 1,1948
$2,000,000, gold... \ Mercantile Trust Co.. N. Y., Trustee.
Consol. mort.$i 0,000 5 1904
4g. J.-J.
1,500,000 Jan. 1, 1955
Mercantile Trust Co.,N.Y., Trustee.
1889 5
2.000,000 July 1,1939
J.-J.
Int. at Mercantile Trust Co., N. Y., trustee.
96,282
$10,000,000 bonds, $4,009,000 are reserved for
000 gold ($1,000).c* (
B’kln CityANewtown )
1 st M., $2,000,000.. >
R. E.morts
Bonds—Of the new
No
prior liens and $4,500,000 lot extensions and improvements.
sinking fund and bonds cannot be called.
Road—Brooklyn to Coney Island, with branches, 13*75 miles; Brook¬
lyn City <fe Newtown RR., main line and branches, 10*38 miles; trackage
rights, 4*99 miles; second track and sidings, 24*18 miles; total oper¬
ated, 53*30 miles. 486 passenger and 19 other cars.
Beginning May 5,1901, fare to Coney Island on Sundays and holi¬
days was increased from 5 to 10 cents.
DIVIDENDS—In 1895, 6 per oent; In 1896, 5 per cent; In 1897, 6 p. 0.;
In 1898, 81* per cent;
V. 67, p. 955; In 1899; 10 per cent; in 1900,10
percent; In 1901,131* p. 0.; In 1902,16 p. c. In 1903, 16 p. o :*in
1904, 16 p. c. In 1905,10 p. o. In 1906, 8 p. c. In 1907, Fcb.,|2 p. 0.
Report—For years ending June 30:
12 wo#.
Gross.
Net.
Oth.inc.
Int.,taxes,etc. Bal.,sur.
1905 6 ..$1,657,140
$463,317
$6,139
*307,961
$161,495
1904-5... 1,599,615
437,073
6.246
282.411
160.908
OFFICERS—Pres., John L. Heins; 1st Vice-Pres., Louis Fitzgerald; 2d
Vlce-Pres., Jaa. H Hyde; Treas. and Secy., D. B. Cannon; Supt, D.
W. Sullivan.—V. 80, p. 599; V 83, p. 969.
VAN BRUNT
RR.—A trolley road.
Organization.
STREET
&
ERIE
BASIN
Etc.—Chartered Feb. 15, 1861. stock, $200,000:
Funded debt, $65,000. Traok, 3 miles, changed
Gross, 1905-6, $56,877; net, $18,325; other in¬
$4,869; dividends (5%), $10,000; balance, sur¬
all Issued; par, $10.
to electricity in 1898.
come, $664; charges,
plus, $4,120.
OFFICERS-—President, John F. Murphy; Secretary and Treasurer,
Office, 264 Van Brunt Street, Brooklyn, N. Y.
Wyllys Terry.
BUFFALO, N. Y.
BUFFALO & DEPEW RY--A trolley road.
Organization.—Incorporated on Apr. 27, 1897. The Investment
Co. of Philadelphia owns about three-fourths of the stoak and the en¬
tire $350,000 bonds.
On Deo. 9,1904, the
Buffalo & Rochester Ry. was Incorporated (V.
18
STREET RAILWAYS.
79, p. 2695) with $3,000,000 capital, of which $61,000 was Issued,
for purpose of extending line from Depew t» Rochester. The RR.
Commission, however, refused permission to build the road. In Oct.,
1905, the Buffalo & Rochester Traction Co.
was
OFFICERS.
Loans
Date.
Interest.
5 J.*J.
Maturity.
Organization—Organized on Jan. 18,1899, underN. J. laws, and has
acquired all the electric railways connecting the cities of Buffalo,
Niagara Falls, Lockport, North Tonawanda and Tonawanda, together
with all the street railway systems in all of said cities; also the elec¬
tric railway connecting the villages of Denew and Lancaster with
It
Buffalo.
also acquired the Canadian' electric railway, trav¬
ersing the entire length of the QueeD Victoria Niagara Falls Park,
payable June 30, 1900
Jan. 1, 1931
350,00 )
79,500
Earnings—Year ending June 30, 1906, gross,$12,496; deflcitunder
operation. $14,657; tired charges, $18,695; total deficit, $33,352.
Road—Operates a double-traok road from Buffalo to Depew, 13*59
miles of track; 60-lb. rail; 5 cars
Officers— Eres., Henry H. Kingston; Sec. & Treas., John J. Collier.
V. 79, p. 2695.
and connected it with the American system by the acquisition of the
steel arch bridge at Niagara Falls and the Suspension Bridge between
Queenston and Lewiston, which bridges have be*n equipped with
trolley tracks On Oor. 30,1905, acquired the entire $80, 00 capital
stock of the Electric City Ry. In JaD.. 1907, organized the Frontier
Eieo. Iiy., to build a line t > connect with a proposed new bridge across
the Niagara River. See statement of that company below.
STOCK & Bonds—
Date. Interest. Oxitstand'g.
Maturity.
Stock, common, $10,000,000
$10,000,000
Prf. ,4 p.e. cum. ,$5,000,000
5,000,000
Collateral trust, $30,000,000 (1899 4g.,J-J
18,255.000 July 1,1949
($1,000), gold, o*. Interest < Guaranty Tr. Co.. N.Y.. Trustee. May
BUFFALO & LAKE ERIE TRACTION COtrolley road.
Organization.—Incorporated in New York and Pennsylvania in
Dec., 1906, and is a consolidation of the Hamburg Ry the Dunkirk &
Fredonia RR.. the Buffalo Dunkiik A Western RR., tile Lake Eric Elec.
Traction Co. and the Erie Rapid Transit Co. Leases the Erie Electric
MotorCo. for 999 years,which company leases the Erie City Pass. Ry.
for 999 years from Oct. 1, 1888. and the Erie Reed Park A Lakeside
8t. Ry. for 999 years from March 1, 1901.
STOCK & Bonds—
Date.
Interest. Outstavd’g
Maturity.
Common $4,250,000
$4,250,000
Pref., 5%, $2,500,000 ^
9 i=;nA non
cum. from July, 1909 v
z,ouo,uoo
1st A ref. mtge. $12,- ; 1906 5 g. M-N
$4,500,000 ' Nov. 1.1936
000,000 g. ($1,000) c*(
Iut. at New York Trust Co., Trustee.
A
,
*
J. P. Morgan A Co.
r
be called at 110 A int.on any int date.
Of the $30,000,000, $12,285,000 were originally reserved to take
up
an equal amount of the underlying bonds of the allied and controlled
companies outstanding, and $540,000 of that amount has been issued
for that purpose, leaving $11,745,000 still reserved. The syndicate
agreement with J. P. Morgan & Co. covering part of these bonds ana
part of the preferred stock was terminated September 1. 1902.
In
March, 1904, common stockholders received their stuck in exchange
for certificates of interest previously held by them
V 78, p. 989.
Franrhisr8-Tn June, 1906, we were informed that the majority of
the franchises in Buffalo are practically perpetual, none in Buffalo or
other cities and towns having then an unexpired term of less than 40
at
E($200*000)^* Mooori 1889 6 P- J - J
148,000 Jan. 1,1919
gold’
tLOUOL £ Central Trust Co., trustee, N. Y. City.
El(S150 ooof' (!ldOOoV l 1892 6 g. J - J
102,000 Jan. 1, 1919
gold °
^ central Trust Co., trustee, N. Y. City.
1901 5
£flmd^250oSo)?goId]
AO
($l,000).Cannot beNcw York
called
c* I
4 g. M-N
650.000
Int. at Colonial Trust Co., N, Y.,
Dun. A Fred. 1st mtge. t 1891 5
40,000
,1 - J
$40,000...
Frederick R. Green, Trustee.
Dun. A Fred. 2d mtge. / 1898 5
J-J
21 000
$21,000
s' Frederick R. Green, Trustee.
$750,000
g.
($1,00 »).
D$l60 00Odgold'($loj4
$500 A $1 000)
1902 5
-
J'J
years, ex- epting only the Fillmore Avenue franchise, covering au ex¬
tension of 68j miles on the east side in Buffalo, which was limited to
25 years.
Consolidation of Constituent Companies.—On Feb. 20, 1902, the In¬
ternational Railway Company was Incorporated in New York with
L000,.000 April 1,1941
Trust Co" tru8tee> N. Y.
Hamburg Ky. 1st mtge. ) 190‘<
Nov. 1,1926
Trustee.
July 1,1911
$10,120,500 stock, and in Aug 1902, this was increased to $17,000,000, of which $16,320,500 has been issued (all owned by the Inter¬
national Traction Co.) as a consolidation of the following companies,
whose shares had previously been held by the Traction (’o.; V. 74, p. 427,
Buffalo Railway Go. (after Buffalo Traction and nuffalo Bellevue &
Lancaster had first been merged in the same).
Buffalo A Niagara Falls EL-etric Railway.
Buffalo A Lockport Railway (after Elmwood Ave. A Tonawanda
Electric Railway had been merged). *
Buffalo Tonawanda A Niagara Falls Electric RR. Co.
Lockport A Olcott Railway.
Niagara Falls A Suspension Bridge Railway (after the Niagara Falls
Whirlpool & Northern Ry. had been merged In it),
Niagara Falls suspension Bridge Co.
The Buffalo Railway owned the $2,860,000 stock of the Crosstown
Street Ry. of Buffalo, and this passed to the International Railway Co.
On July 1. 1902, the International Ry. Co. acquired by purchase the
Niagara Falls Park A River Ry., the Clifton Suspension Bridge Co., the
Lewiston Connect. Bridge Co. and Queenston Heights BridgeCo. This
leaves the Crosstown St. Ry. Co. of Buffalo, the Eleetrio City Ry., theFrontier Elec. Ry. and Inter.Ry, Co. as the only operating companies,
and eventually (that is as soon as the $1,000,000 Buffalo Ry/debentures secured by $2,000,000 stock of the Crosstown St. Ry. are retired)
the Crosstown St Ry., which can also he merged, thus leaving the Inter¬
national Railway Co., the Frontier Elec. Ry. and the Electric City Ry
the sole operating companies and the International Traction Co. the
holding company.
,
July 1,1911
39.000 July 1,1952
J’ £ Fidelity Trust Co., Buffalo, Trustee.
$12,000,000
Bonds— Of the
new bonds, $2,100,000 are reserved to
take up a like amount of underlying liens. These new bonds are sub¬
ject to call on any int. date on or before Nov. 1,1911, at 105 and int.:
thereafter at lioand interest. Interest on the 1st and 2nd mtges. of
the Erie Elee. Motor Co. is paid by Kountze Bros., New York. The
Erie Elec. Motor ref. bonds are secured by deposit of entire stocks of
the Eric City Pass. Ry. and the Erie Reed Park A Lakeside St. Ry.
A
sinking fund of 1 p. e. annually on these bonds began April 1,1906,
and will be increased to 1 >2 p. c. in 1916. The Hamburg Ry. bonds
are
subject to call on or before Nov. 1, 1911, at par and int. The
Dunk. & Fred. ref. mtge. bondsare subject to call on any int. ante at 103,
Road—Operates 81 miles of track from Erie through Northeast to
Westfield, including city lines in Erie. Also 3 miles in Dunkirk and 4
miles formerly owned by the Dunkirk A Fredonia. Also 15 miles from
Buffalo to Hamburg. Total track, 103 miles. Gap between Hamburg
and Dunkirk (about 33 miles) is to be built shortly, thus
completing a
through line between Buffalo, N. Y., and Erie, Pa. Will enter Buffalo
over tracks of the Buffalo & Lackawanna Trac, Co., which sec; below.
OFF'O RS-Pres., Jos. B. Mayer, New York; Vicc-Pres., L B. Grant;
Sect, and Treas., Marshall J. Dodge; Asst See., Jas. A. Bvrne; Asst.
Treas., J. C. Calisch. V. 8.3, p. 1170, 1290, 1410. V. 84, p. 157.
Liens of Constituent and Owned Companies.
STOCK & BONDS—
BUFFALO & LACKAWANNA TRACTION GO.
Organization—Incorporated in New York in June, 1906, with
$1,000,000 stock by the Mayer-Sheehan syndicate. Proposes to fur¬
RuffaloE Side 2d M
nuftain Rv
1 at rnn'
t?v
Buffalo
1st
Con.
M.
($1,000) $5.000,000 gld. o' Ar
nish entrance into Buffalo for the Buffalo A Lake Erie Traction Co.
BUFFALO SOUTHERN RY. CO.-A trolley road.
In May, 1906, control of road changed hands. See V. 82,
p. 1155.
ORGANIZATION.—Incorporated in New York on Aug. 26, 1904, and
Is a consolidation of the Buffalo Hamburg A Aurora Ry. and the Buf¬
falo Gardeuvllle A Ebenezer Ry. V. 79, p. 2146.
Franchises per¬
petual. Has trackage rights in Buffalo over tracks of the Inter¬
Buff. Ry.
Date.
Stock, $2,000.060
1st
bl?$l
$547,200
^
Earn NQi—For year ending Dec. 31, 1906, gross, $50,759; net,
$14,967.
Road.—Operates from Buffalo to Hamburg, East Hamburg and
Orchard Park, 15^ miles; also has a line from Buffalo
through Gardenville and Ebenezer to Lien’s Park, 5h miles
An extension to
East Aurora, 15 miles, is under construction. 60-lb. T and 80-lb.
girder rail.
OFFICERS—Pies.,
; Vice-Pres., Luther B. Seibert;
See., U. M. Gear; Treas., 1). N. Rurnsey; Gen’l Mgr., J. B. Rumsey.—
V. 82, p. 1155.
$750,000, gold.. .c
M., $250,000, g.,
Maturity.
Sept. 1,1912
48a J-D20
$150,000
June 20,
09
Can be paid at par on any interest date.
1895
4
A-O
'
40,000 Apr. 1, 1907
[
cent less each year until at par.
1895
5 g. J-J
750.000
July 1, 1935
Int. at Mercantile Trust Co., New York.
1896
5
g. J-J
117,000
July 1,1921
f., red. aft. 1901
Int. at Mercantile Trust Co., N. Y., Trustee.
105, $1,000
Buff. A Lockport 1st 5 1898
5 g. J-J
500,000
July 1,1938
M.f g., $500,000... I Int. at Colonial Trust Co.. New York. Trustee.
1900
J-J
5
Loekp. A Olcott Rv.
800.000
July 1.192C
1st M,
Int. at Morton Trust Co., N. Y., Trustee; also at
Buffalo.
gold
Guar., p. and L, by Internat. Trao’n.
1897
5 g. J-J
300,000
Jan. 1, 1928
Niag. F. Susp. Bdg.. 1
s.
at
Clifton
Susp. Bridge
Lew. Con’g Bdg. Co.
Queens. Hts. Br. Co.
.
ternational stock for one share of Tractioual Co. stock.
A large
amount of the $5,000,000 pref. stock of the International Tract.
Co.
is held by Interests Identified with the new
company. See V. 81, p.
728. Authorized stock of new companv $100,000, of which $76
000
is outstanding.
No bonds.
’
$293,500
_
i
2d
BUFFALO & WILLIAMSVILLE ELEC- RYIn May, 1906, control of road
changed hands. See V. 82, p. 1155.
ORGANIZATION—Chartered Aug. 10, 1891. In May, 1904, capital was
Increased from $75,000 to $3,500,000. and in July, 1904, a new mort¬
gage for $3,500,000 was made, to provide for extension to Rochester.
STOCK & BondsDate.
Interest.
Outstand’g.
Maturity.
Stock, $3,500,0( 0
$75,000
1st Mtge., $3,500,000 £
1904
5 g. J-J
.117,500
July 1, 1944
g. ($500 A $1,000).. s lilt, at Commonwealth Tr.Co.,Buffalo, Trustee.
Bonds-Are subject to call on any interest date at 105.
TRACTION A L CO- OF NEW JERSEYOrganization.-incorporated m New Jersey on Aug. 9,1905, and
acquired *7,600,000 of the $10,060,000 common stock of the Inter¬
national Traction Co. throngh exchange of stock—100 shares of
In¬
Outstand'g.
Metropolitan Trust Co., N. Y., Trustee.
Int. at co.’8 office, Buffalo, or Mercantile Trust
Co., New York.
( 1894
Bu if. A Ni agara Fal Is
Eleo. Ry.—1st M.,
.
Road.—4ifl m. of track, Buffalo to Williamsville. An extension from
WHUamsvllle to Rochester, 60 miles, under the name of the Buffalo
Batavia A Rochester RR., is now under
construction, and completed
to Batavia.
Permission to build remainder has been
granted by
Railroad Commissioners; also to make an issue of
$3,500,000 bonds.
Ralls 80-lb. T and 90-lb. grooved girder.
OFFICERS—Pres., Geo. L. Lewis; Vice-Pres., Spencer Kellogg; Sec. and
Treas.,S.R.Mann; Gen.Man., L. L. Grove.—V. 79, p. 268; V. 81, p. 154.
S
1891
5 g. F -A
4,706,000
Feb. 1, 1931
Int. at Co’s, office, Buffalo, E. W. Clark & Co.,
Phila., or Mercantile Tr. Co , N. Y., trustee.
1897
6g. A-O
1,000,000 Apr. 1, 1917
red.
t
-
<Int. is payable at Company’s office, Buffalo.
($500,$1,000)
Ry. R. E
6 M
..
Bonds.—No s. f., but from $50,000 to $100,000 bonds are subject
to call at 110 and int, on any int. date upon 3 months’ notice.
$200,000 bonds reserved for extension to East Aurora and $1,500,000 for
future extensions and equipment.
.
Apr. 1,
Interest.
*Tonawanda
Eleo.
RR. 1st mtge
$ Interest at company’s office, Buffalo.
*Tonawanda St. Ry.) 1892
6
J-J
60,000 July 1, 1912
1st M., $250,000
5 Interest at company’s office, Buffalo.
tCrosstown Railway
1st M. g., ($3,000,- ( 1892
5 g. M-N
t2,974,000
May 1. 1932
000), gu. p.tfei.c* / Tnt. at Metropolitan Trust Co., N. Y., Trustee.
Buffalo Traction 1st ( 1*898
5 g. J-D
673,000
Deo. 1. 1948
mort... $5,000,000
Int. at Metropolitan Trust Co., N. Y., Trustee.
5 J-D.
.1897
215.000
June 1,1927
Buff. Belle v. A Lan.M.
Redeemable June, 1903, at 102, and
per
Outstanding. Maturity.
1904
5 g, A-OH5
300,000 Oct. 15,’34
0*1Int at Seaboard Nat. Bank, N. Y„ or at Fi£ (ieIity Truat Co Buffal0f Trustee.
$9 000 000
000) c
goiu ($i,uuo)
nitvo
Interest.
g.,
at 105 after
Buff.
Date.
$ 1882
debe’tuies,
$1,000,000,
1902
national Traction Co.
Stock & Bonds.—
TRACTION CO.-Trolley.
In Eeb. 1905, control changed hands, and the present officers and
directors were elected. V. 80. p. 1 97.
$305,000
1901
Pres., Henry J. Pierce; 8eo. A Treas., Arthur Robinson,
Clty.-V 81, p. 728.
INTERNATIONAL
chartered to build
Outstand'g.
LXXXIV.
111 Broanway, New York
the road.
STOCK & Bonds—
Stock, $350,000 ($100)
Buf.AD.lstM., $350,000
[VOL.
Niagara Falls Park
A River 1st mort.,
Canadian curr’ncv
'
Toronto General Trusts Co., ’Trustee.
Interest at American Exch. Nat. Bank. N. Y.
1898
5g. A-O
125.000
Oot. 1, 1928
Toronto General Trusts Co., Trustee.
Interest at American Exch. NatT Bank, N Y.
1893
Interest at
5 J-J
600,000
Jan. 2, 1914
Imperial Bank, Toronto, Canada.
*Niag. F. A Susp. B..1893
’'Niag. F. Whl. A No. 1894
4.T-J
19.13
518,000)
4 J-J
1913
22,500
All owned by International Traction Co.
iof this, $350,000 owned by Inter. Railway Co.
Bonds—The Buffalo Ry. real estate mortgage matured June 20,1904.
but was extended at 48j.p. c. until 1909.
The Niagara Falls A Susp.
Bridge bonds of 1893 ana the Niagara Falls Whirlpool A No. bonds of
1894 given in the table above matured In 1903, but were acquired
by the International Traction Co. and extended ten years and then
*
deposited with the Guaranty Trust Co. of New York as additional
security under the International Traction Co collateral trust mort¬
gage. All the outstanding'stock of the International Railway, $60,00C
bonds of the Tonawanda Street Railway, $518,000 bonds of the
Niag.
F. A Susp. B. and $22,500 bonds of the Niag. F. Whl. a Northern are
pledged as security for the International Traction collateral trust loan.
The Buffalo Ry. debentures are secured by deposit of $2,060,600 stock
of Crosstown St. Ry.
19
STREET RAILWAYS.
Feb., 1907.]
CROSSTOWN STREET RY.
COMBINED STATEMENT OF INTERNATIONAL RY.,
AND INTERNATIONAL
TRACTION CO.
1905.
Calendar year end. Dec. 31—
1904.
Road—Calais Street Railway, lower wharf to upper bridge, Calais
miles; St. Stephen Eleotrio St. Ry. Mill town, N. B., to St. Stephen, N
B., 3 miles; total, 7 miles. The St. Stephen Eleotrio St. Ry. Is a sepa¬
4
corporation, but is owned entirely by the Calais company.
OFFICERS—Pres., George A. Curran; Treas., C. W. Young, Calais,
rate
$4,484,643
$4,088,426
Net earnings
Miscellaneous income
$2,000,980
$1,675,657
Total net income
Fixed charges, incl. int.
$2,069,542
$1,740,172
1.652,376
1,606,052
CANON
CITY,
FLORENCE
&
ROYAL
GORGE INTERURBAN RY. a trolley road.
Receivership — On Jan. 3, *907, Jas. H. Peabody was appointed re¬
ceiver. See V. 84, p. 101.
O GAnization. Incorporated In Colorado In March, 1906. Jas. H.
*$417,166
$134,120
Parish & Co. New
V. 83, p. 154.
Gross
earnings from operation
2,483,663
Operating expenses
on
68,562
bonds of I. T. Co
Surplus
*
Of this amount,
$345,310
was
2,412,769
64,515
expended for extensions and bet
terments.
Road—Operates 356*29 miles of track. It is proposed to double track
the existing line between Lockport and Tonawanda
of 576 motor box cars, 5 comb’n pass, and exp. cars.
Equip, consists
175 motor open
cars, 12 motor freight oars Including 2 eleotric locomotives, 61 motor
service cars, 50 snow plows including 9 rotaries. 2 sweepers, 69 trail
box oars, 109 trail open cars and 19 trail freight cars, 6 electrical
sub-stations, 4 power houses, and various other buildings, parks,
hotels, &c.
OFFICERS Of
all operating companies—President, Henry J. Pierce:
J. F. Slocum;
Vice President, Neb-on Robinson; Secretary and Treas.,
Gen. Manager, T. W. Wilson; Auditor, A. C. Emmeriok.
Executive Committee.— Chairman, H. J. Pierce, Buffalo;
Nelson Robin
Arthur Robinson]and G. L. Boissevain, New|York; Thos. E. Mitten,
Chicago; Thos. De Witt Cuyler, Phila., and Grant B. Schley, N. Y.
OFFICERS Of International Traction Co.—President, Henry J. Pierce;
Vice-President, Nelson Robinson; Secretary and Treasurer. J. Freder¬
ick Slocum; Auditor. A. C Emmenck. —V. 81, p. 31. 728. 1610, 1665,
1723; V. 82,p. 509, 624, 1496; V. 83, p. 1470; V. 84, p. 158, 271.
son,
(1) FRONTIER ELECTRIC RY.-
ORQAnization—Incorporated in New York in Aug., 1906. Entire
International Railway Co.
STOCK & Bonds—
Date.
Interest.
Outstand'g. Maturity.
stock is owned by the
Stock, #1,, Oo.oOO
See text
1st luort., $2,00 ,000
Road—Will construct a double-track road on private right of way
from Buffalo to the entrance of the proposed new bridge across the
Niagara River at Niagara Falls, to be built by the Trans-Niagara
Bridge Co. (See V. 84. p. 158.) The new road will make connection
at the bridge with the Niagara 8t. Catharines
Toronto Rv., which is
to he extended to the Niagara River, thus completing a through line
from Buffalo to Toronto.—V. 84, p. 158.
'
IOWA.
BURLINGTON,
PEOPLE'S GAS & ELECTRIC CoOrganization. -owns all the stock, assets, franchises and good-will
of the Burlington Ry. & Light Co. Franchise expires in Feb., 1927.
STOCK & Bonds—
Date. Interest Outstand'g. Maturity.
$1,250,000
Stock, $1,250,000
Blir750 000 rtSoO
t"1 red’ £ 1897
750,000 Oct. 1.1917
A 0
Ac
aft July 1,
at
g o*
Bonds are guar, priu, and int. by endorsement by
Electric Co. of Burlington, and the latter has made a
oure the guaranty.
-02?
105,’
\Iut- at American L.&T,People’s
Boston.trustee.
Gas £
trust deed to se-
EARNINGS—For calendar year 1905, gross, $240,818; net, $111,241;
Interest, $37,500; surplus, $73,741.
Road—Total track 17 miles trolley, Including an extension to West
Burlington. 48 and 66 lb. T rail. Operates 22 motor and 25 trail
oars.
OFFICERS—President. G. H. Higbee; Secretary and Treas., C.
753; V. 68, p. 1022; V. 74, p. 1307.
Walsh.—V. 64, p. 41, 468,
H
BURLINGTON, VT.
BURLINGTON TRACTION CO.-A trolley road.
STOCK & Bonds—
Date. Interest. Outstand'g.
Maturity.
Stock$200,000, par $100
$200,000
1905-06, 6%
Win.&B.Horse RR.
1st)
1894
6g.J-J
125,000
Jan. 1, 1914
M., $150,000, gold, >
Not subject to call before maturity.
$500 <fe $1,000
o 1 Interest at Burlington Trust Co., Trustee.
Road—Owns 11 miles of track in city of Burlington. Rails 50-lb.
T. Owns 8 box cars, 10 open cars, 2 snow plows.
Earnings—For tiscal year ending June 30:
Gross.
Net.
Interest.
Dividends. Bat., sur.
1905 6
$99,206
$26,180
$7,513
$12,000
$6,667
1904-5........ 85,862
7,623
12,000
15,899
35,522
OFFICERS—President, Elias Lyman; Vice-President, Jno. J. Flynn;
Treasurer. W. F. Hendee; Secretary, C. W. Brownell.
BUTTE^ MONT.
ELECTRIC RAILWAY —Trolley.
company was incorporated in West Virginia in December, 1899,
BUTTE
This
as
successor to
the Butte Consolidated
track), sold at foreclosure.
STOCK & Bonds—
Date.
St’k $1,000,000, par $100 ....
1st M. $700,000 gold, $ 1900
Railway (operating 21 miles of
Interest.
M.-N.
Outstanding.
$1,000,000
Maturity.
Oct.. ’06, 2%
5 g. M.&S.
700,000
Mar. 1, 1925
*e ( Int. at Mercantile Tr. Co., Boston, Trustee.
$1.000 each
Bonds—May be called for payment on March 1, 1915, or on any in¬
terest day thereafter.
Sinking fund of 10 per cent par value of bonds
begins March 1, 1916.
Dividends— In 1905, 4 p. e.; in 1906, May. 2 p. c.* Oct., 2 p. o.
Earnings—For year ending Feb. 28, 1906, gross, $409,289;
(which was largely reduced as the result of an accident), $83,682.
net
Officers—President W. A. Clark, Butte; Viee-Pres., J. A. Macdonald,
Secy. <fe Treas., Pierre V. C. Miller, 49 Wall St.,
69, p. 1300; V. 72, p. 190.
49 Wall St., New* York;
N. Y.-V. 64, p. 663; V.
CAIRO,
ILL.
CAIRO ELECTRIC & TRACTION CO.-Trolley.
Organization—This was formerly the Cairo Electric Ry., but in
May, 1903, after having acquired the Egypt Electric Co. and the Cairo
Electric Light & Power Co.,aud merged them, name changed to above.
Stock &, Bonds—
Date.
Interest.
Outstand'g.
Maturity
$150,000
Stock, $150,000, ($100)
1st Mtg. $150,000, gold, $ 1903
5 g., J-D
1923
100.000
($500 & $1,000)
c {Int. at Central Tr. Co., Chicago, Trustee. Bonds— $50,000 are reserved for extensions and betterments. Are
subject to call on any interest date after 10 years at 105.
Road—Operates 9L3 miles of track in Cairo, together with the eleotrlo lighting and power plant. 40 to 60-lb T rail, standard gauge.
Officers—President, W. P. Hallidav; Vice-Prest. and Gen. Mgr., II
C.
Wright; Secretary, Jno. W. Bakin; Treasurer, J. S. Aisthorpe.
CALAIS
ME.
CALAIS STREET RaILWAY-A trolley road.
Organization—Stock, $100,000; first mortgage, 1894, 5s, J&J.
$100,000 duo July 1. 1918.
Report—Year ending June 30, 1906, gross, $29,099; net, $5,963,
Interest and taxes, $5,563; surplus, $399.
CANON
Me.
CITY, COLO.
Haven,Conn., offered the bonds for sale July, 1906
Interest
STcCK db Bo* DS~
Date
Stock, $l,50o,000 ($100)
1st Mtg. *500,000
> 1906
Outstanding
Maturity
$1,500,( 00
150,000 May 1, 1926
5 g., M-N
Public Trustee of Fremont County, Trustee.
gold ($500 and $1000) s
Bonds—Are not subject to call.
Road—Has complete 10 miles of track from Canon City to the park
at the top of
Royal Gorge. Also proposes to build from Canon City
to Florence, 8*2 miles; 3 miles in Canon (Ity; and a branch loop
through Lincoln Park and South Canon. 6 miles. Total, 27 s. miles.
Officers Pres.,F. B. Street, New York.; Viee.-Pres. A Gen. Mgr.,
F. S. Grange; Secretary, Richard Houle; Treas., J. H. Peabody.—V.
83, p. 154; V. 84, p. 101.
*
CANTON, MASS.
HILL STREET RY.-A trolley road.
Organization— Franchise perpetual.
Maturity
Stock <Sb Bonds—
Date.
Interest.
Outstand'g.
Stock, $300,000. $100...
$300,000
1st mortge., $500,000, * 1903
5 g. A.-O.
250,000
Oct. 1, 1923
gold
o5
Int. at City Trust Co., Boston, Trustee.
..
“Currentliabilities” Sept. 30, 1905
161,802
Bonds subject to call as a whole at 115 and int. on any Int. day.
Earnings—For 12 months ending Deo. 31.1906, gross, $89,041; net,
$21,371; fixed charges, $2l,2i8; surplus, $153.
Road-Operates 19*« miles of track from Mattapan, where connec¬
tion is made with the Boston Elevated R7., to Canton and Stougliton,
at which latter point it connects with the Bristol & Norfolk St. Ry.
and the Old Colony Street Ry. 42 cars.
Officers—Pres., C. H. French; V.-Pres., F. S. Pratt; 2d Vice Preet.,
E. J. B. Iluutoon; Secy., II. R. Hayes; Treas., A. Stuart Pratt; Gen.
Mgrs., Stone
Webster, Boston —V. 78, p. 1906.
BLUE
...
CANTON, OHIO.
ELECTRIC RR.-An electric railroad.
Organization— Incorporated in Ohio and is a consolidation m Dec¬
ember. 1902, of the Allianoe Eleotrio Ry. and the Stark Electric Ry.
Controls the Salem
Eastern Electric Ry. The latter has no se¬
STARK
curities outstanding.
Maturity
Outstand'g.
$1,000,000
1st M. $1,000,000 gold >1903
5 g. J J
1,060,000 Jan. 1, 1928
($1,000) s. f
c. s Int. at Cit. Sav. A Tr. Co.,Cleveland, Trustee,
Date.
STOCK & Bonds—
Stock, $1,000,000, $100.
Interest.
...
105.
Bonds— Can be called after 5 years at
Road—Operates 34 miles of track from Canton to Salem, Including
Alliance City lines. Standard gauge. 67 and 70-lb. T ralls.and 70 ana
90 lb. girder rails. Total mileage, Including double track, 36 miles.
OFFICERS—President, C. R. Morley Cleveland, Vloe-Pres. David Morisou; See., E. S. Cook; Treas., E. Wiebenson; Auditor, F. E. Wilkin;
Gen.
Mgr., F. L. Mowry.—V. 76, p. 973.
CAPE
MAY
N.
J.
CAPE MAY DELAWARE BAY & SEWELL’S
POINT RAILWAY-A trolley road.
Organization—In 1901 control passed to the Reading Company.
STOCK & Bonds—
Dale. Interest. Outstanding.
Maturity.
Stock paid in (par $50)
$150,000
lstmort. ($150,000L--eur.
5 F-A
1893
150,000 Feb. 1, 1923
Other debts Dee. 31,1906
169,447
In 1894 and 1895 but one interest payment was made, by mutual
consent of bondholders.
Interest was reduced to 5 per cent for
5 years from Feb. 1, 1896, and remains at 5 per cent. Trustee is N. ,J.
Trust & S. D. Co., Camden, N. J.
^
Road—Operates 6-94 miles of track in city of Cape May and extend¬
ing to Cape May Point and Sewell’s Point.
Earnings—For year ending Deo. 31,1906, gross, $23,293; expenses,
$27,050; deficit, $3,757.—V. 72, p. 532.
RAPIDS, IOWA.
CEDAR
CEDAR
RAPIDS-IOWA CITY RAILWAY
6 LIGHT CO.Organization— Incorporated in Iowa in Juno, 1903, and acquired
all the property and franchises of the Cedar Rapids Eleotrio Light &
Power Co., the same being free from bonded debt. Has long-term fran¬
chises In the cities and owns private right of way 100 feet in width
between them.
Date.
STOCK & Bonds Common, $1,700,000
Prof., 5 p.c.,n.o., $300,000
OOO OOO
1st mortgage
1
fit
nnm
gold ($1,000)
2,000,0
n*
o
Bond8.— Besides the
issued for completing
/
Interest.
Outstand'g.
$1,700,000
300,000
1903 5 g. J-D
f^ Illinol»
TrInt at N
$800,000
Maturity.
800,000 J line 1,1923
* Sav. Ilk., Chicago, co-trustee
w Harris <fe Co.. Chicago.
out, additional bonds may
be
and equipping interurban road at not ex¬
ceeding 60 per cent of cost, and $200,000 after road is completed,
when in any year net earnings, after all expenses, shall have been
twice charges on bonds outstanding and those proposed to be issued.
Remaining $1,000,000 may be issued, under same restrictions as to
net earnings, for not exceeding 75 per cent of cost of permanent addi¬
tions, extensions or other railway, lighting or power companies. A
sinking fund begins Aprii 1, 1908, and bonds are subject to call on or
after June 1, 1913, at 107
and interest. See V. 77, p. 2279.
Road—Operates 28 miles of track between Cedar Rapids and Iowa
City. Standard gauge; 70-lb. T rails.
Officers-President, Win. G. Dows; Viee-Pres., N. M. Hubbard; Sec
and Treas., Isaac B. Smith.—V. 77, p. 2279; V. 79, p. 211.
CEDAR RAPIDS & MARION CITY RY —
Organization—Franchise expires in 1941.
STOCK & Bonds—
Miles. Date. Interest. Outstand'g. Maturity.
Stock, $400,000, $100
$356,000
1 stM $°
50 000^1 OOOn
18UV1.
$i.do,000$1,0000.
514*21 1891 5 J-J
205,000 July 1,1931
} Int at Ainerican Loan & Tr..Trusteo.Boston.
ROAD—Owns road in operation 14*21 miles in length, extending from
Cedar Rapids, Iowa, to Marion; second track, 2*28; sidings, 1*73; total
of all. 18*22 miles. Rails 45 and 58-lb. T and girder.
OFFICERS—President, P. E. Hall; Treas’r, John S.^Ely; Vice-Pros, and
Secretary, Henry V. Ferguson; Supt.. F. L. Diserens.
CHAMBERSBURG, PA.
CHAMBERSBURG GREENCASTLE &
WAYNESBORO ST. R Y.-A trolley road.
Organization—Incorporated in Pennsylvania on June 17,1901; also
owns a turnpike road. 43 miles, capital, $100,000, and an eleotriclight plant, capital, $30,000.
Stoc< AND Bonds—
Date.
Interest. Outstand'Q Maturity.
Common, $150,000 ($50)
$150,000
Pref. 6% n.c., $150,000 ($50)
....
...
150.000
...
lat mort., $300,000, gold/
1903
5 g, J-J
250,100 July 1,1933
($100 and $500)
o* s Int. at ChambersburgTrnBt Co , trustee.
Bonds—$50,000 are reserved for extensions at 80 per cent of coatNo sinking fund and bonds are not subject to call.
Earnings—For year ending Jane 30, 1908. gross, $47,516; net, $26,379; fixed oharges, $18,8S5; surplus, 47,544.
Road-Operates 15 miles of track from Greencastle to Penn Mar.
Gauge. 5 ft. 2In. 70 lb. T and 80-lb. gbder rail. An extension of
11 miles from Greencastle to Chambersburg may be built in the future.
Officers —Pres., Geo. B. Beaver; Vice-Pres., R. W. Ramsay; Sec.,
H. B. McNulty; Treas., D. Maurice Wertz
Officer*.—Pres., John Grahim, Phila.; Vice-Pres., Clarence P.
King, Phila.; 8eo., W. H. Lawton, Phila.; Treas., John W. Pittock.
Phila.; Gen'IMgr., D. J. Duncan, Chattanooga.—V. 83, p. 562; V. 84,
p. 50.
LOOKOUT MOUNTAIN RY.- '
Organization—Owns and controls the Lookout Incline Co. and the
Lookout Inclioe A Lula Lake Ry. and the entire stock and bonds of
those companies is deposited under its uew mortgage.
Stock <Jfc bonds—
Date.
Interest.
Uutntand’g.
Maturity.
Stock. $100,000
$100,000
1st mortgage, $500,000, \ 1906
5g.
50,000
May 1,’56
gold
s
Trust Co. of Noitli Am., Phila , Trustee.
Road.-Operates a cable road of 5,000 ft., and has 3>a miles of track
on top of mountain.—V. 83, p. 323.
CHARLESTON, S. C.
CHARLESTON * SUMMERV'LE ELEC RYOrganizat on - Incorporated in South Carolina in February, 1905.
Date
Interest.
Outstanding.
STOCK & Bonds Maturity.
Stock
(?)
letmtge., $1,000,000,) 1905 -*g , A-0
$750,000
Apl. 1, 1935
gold ($1,000
\ Int. at Knickerbocker Tr Go , N. Y., Trustee
Bonds— $250,000 are reserved for extensions and improvements.
Are sueject to call on any interest date at 110 and int.
Road
ville.
[VOL. LXXX1V,
STREET RAILWAYS
20
-
Ie to operate 25 miles of track from Charleston to Summer¬
Road is und
r
con-f uction.
Officers—Fres Ogden Edwards, Troy, Ohio; Sec. and Treas., Geo.
Tapper, Summerville.
.
CHARLESTON CONSOLIDATED RY
GAS
ELECTRIC COOrganization—Organized February 21, 1899, as a consolidation of
the Charleston City Ry. and Charleston & Seashore RR. under Special
Act of South Carolina Legislature, granting a perpetual charter and
gas and electric-light powers.
Franchises are perpetual.
Also owns the capital stock of the
Charleston Gas-Light Co. ($698,150), and the Charleston-Edison Light
A Power Co. ($100,000), and thus controls the whole field of light and
transportation in Charleston. In April, 1899, bought the stock of the
Mount Pleasant & Sullivan’s Island Ferry Co. and the franchise of
&
the Middle Street and Sullivan’s Island Ry.
Date.
STOCK & Bonds—
Stock, $1,500,000, par $50
Charleston City 1st mort.
($1,000), $850,000, g’d.c. 1898
Interest.
Outstand’g.
Maturity.
$1,500,000 July,*06,lH%
5 g. J-J
794,000 Jan. 1, 1923
Tax free.
Int. at Mercantile Tr. & Dep.
Consol. M., g., $2,500,000, < 1899 5 g. M-S
Co., Balt., trustee.
1,706,000 Mar. 1,1999
coupon11 ($1,000)
\
Int. at Balt. Trust & Guar. Co., Trustee.
Holders can also collect coupons at Carolina Savings Bank, Charles¬
ton, if presented before the 10th of the month.
Bonds— Of the consol. 5s, $850,000 were reservea to retire the
$850,000 City Ry. 1st 5s, of which $56,000 canceled under sinking
fund and consols issued to company in substitution.
Sinking Fund—After 6 p. o. dividend has been declared on stock, a
sinking fund of $10,000 per annum becomes operative on oonsols.
Dividends-First div. of ^p.o. paid July 1,1903. In 1904, 1 p. o. In
1905. 1*2 p. c
In 1908, 2»« p. c.
Earnings—For years ending Feb. 28:
Year—
Net.
iross
Fixed Changes.
Surplus.
1906
$614,963
$242,355
$157,041
$85,313
1905
559,046
215,750
155,543
60,207
Road, Etc.—'Owns 40 miles of electric road, of which 30 miles in
Charleston and 10 miles from Mt. Pleasant (connecting by feiry with
Charleston) to Sullivan’s Island and Isle of Palms, a pleasure resort
on the Atlantic coast, including land at Isle of Palms, ferry, eto.
The
company has consolidated all of its three power stations; both railway
systems’; and light and power division are being operated from same
stations; the seashore division is connected by submarine cable.
Officers—Pres., Philip H. Gadsden; Managing Director,Samuel H.
Wilson: Sec, and Aud P. J. Balaguer, all of Charleston; Cashier, W. B.
Glenn. Offices, No. 141 Meeting St.. Charleston.—V. 81, p. 1789.
,
CHICAGO, ILL.
AURORA. ELGIN & CHICAGO RAILROAD.
Third-rail electric.
Organization—Is a consolidation in Aoril, 1906, of the Aurora El¬
gin A Chicago Railway, the Elgin Aurora A Southern Traction Co. and
tne Cook County & Southern RR. V. 82, p. 279, 691, 1155. Does
freight as well as passenger businesss. V. 83, p. 490.
Interest. Outstand’ y.
STOCK & Bonds uale.
Maturity.
Common, $3,100,000, $100
$3,100,000
Pf.,$3,100,000,$100 see text.
QJ
3,100,000Jan’07,1
i af fTrnf \r
d>nt Afirt aaa ( 1906
5g, J-J
1,000,00(1 July 1, ’46
’
gold
\f Int.
at fit
inN. Y.
CHARLOTTE
ELECTRIC RY., LIGHT
&
POWER CO.-A trolley road.
Organization—1b a consolidation in January, 1896, of all the elec¬
tric lighting and street railway interests of Charlotte.
Has since
merged the Charlotte Gas Light Co. Also controls the Dilworth Water
Co. Franchise is said to be perpetual and exclusive until Jan. 26,1913.
Stock is all owned by the Charlotte Consolidated Construction Co.
STOCK & Bonds—
Date.
Interest.
Outstand’g.
Maturity.
Stock, par $50
$200,000
1st M., $500,000, g.)
1899
5g. J-J
380,000
July 1,1929
($1,000) s. f
c* S Int. at Mercantile Tr. & Dep Co., Balt., Trustee.
2d mtge., $350,000.
1905
(?)
(?)
(?)
Bonds.-On i lie 1st mort. bonds a sinking fund, is provided, opera¬
tive July 1, 1900, of 1 p. o. of bonds outstanding, to be invested in
bonds drawn by lot, at 107^ and interest, if not obtainable at lower
figure in open market.
Road—Operates 171** miles of track and 25 oars.
Report—Years ending Dec. 31: Gross.
< per. Expenses.
Net.
1903.
$168,233
$63,464
$104,769
1902
144,669
86,698
57,971
Officers—President and Treasurer, E. D. Latta; Vice-President, E.
B. Springs; Sec’y, J. L. Chambers.—V. 66, p. 394; V. 83, p. 890.
.
CHATTANOOGA RAILWAYS COOhQanizariON —Organized in Tennessee and is a consolidation in
April, 1906, of the Chattanooga Elec. Ry. the Rapid Transit Co. of
Chattanooga, the Chattanooga St. Ry., the City St, Ry. and North Side
consol. Ry. Co., and owns the entire capital stock of the Chattanooga
A Lookout Mt’n Ry. Comprises all street railways in Chattanooga
and suburbs. Franchises are perpetual.
Population served, 82,000.
STOCK & Bonds—
Date.
|
gold
°
*625
o*)
<^0'eo^Lofsub-1
feot5t^il ($l,’oSS)
o*
Interest. Outstand’g.
$2,000,000
Maturity.
1,000,000 Mar.’07, lk%
5g. M-N 1,375,000 May 1. 1956
Trust Co. ot North America, Philadelphla, Trustee.
1898 5# J-J
lInt-
Cleve., and also
Klein Glty
CM tv Ry.
Rv 1st
mort
Elgin
1st mort...
Stork.—Pref.
stock is
\ 1890 5g. F-A
£
200,000 Aug. 1, 1907
lntere8t at Farmers’ L. A T. Co., N.Y. City.
5%
cum.
until Ap il 1,1909; thereafter 6%
cum.
Bonds.—Of the $25,000,000 new bonds, $5,000,000 are reserved for
prior liens, $1,000,000 for improvements and extensions and $18,000,000 for self-supporting acquisitions. They are subject to call on
or before July 1, 1911, at 102** and int
Upon issuance of bonds re¬
served for acquisitions, a sinking fund becomes effective until
saidfund eauals 25 p. o. of bonds so issued. On the Aurora Elgin A
Chic. Ry. a sinking fund of $50,000 per annum commences on April
15, 1911. see V. 74, p. 726. On the El. Aur. <fc So. bonds, a sinking
fund is $17,000 per annum first five years and $25,000 annually
thereafter; £100,000 have been purchased and are now held in sinking
fund.
Dividends.—First div. on pref.—1*4% -paid July, 1906. (V 82, p 1436.
and 1*4 p. o. was again paid Oot. I, 1906. In 1907, Jan., 1*4 p. c.
Latest EARNINQS-From July 1 to Dee. 31:
vt(.
Fixed changes
Year.
'iross.
Surplus.
1906
$700,089
$336,288
$156,69-*
$179,593
1905
632,193
307,401
14^,643
1 60,758
Report—Of combined properties for 12 months ending Feb. 2s>,
surplus,
$259,192.
Road-Operates from Fifth Avenue station in the City of Chioago,
over tracks of the Metropolitan West Side Elevated road : thence on
190«, gross, $1,125,786; net. $509,19&\ interest, $250,1)00;
its own line to Wheaton, with lines from Wheaton to Elgin, Batavia
and Aurora; also from Elgin to Carpentersville, Dundee, St. Charles,
Gen-»va, Yorkville and Bristol. Total single track, 165 miles. Third
rail, standard T» 100 lbs.; track rails, 80 lbs.
OFFICERS—Pres., L. J. Wolf, Cleveland; Vice-Pres., D. J. Peffers;
Sec. and Treas., H. C. Lang. Cleveland; Gen. Mgr., Edwin C. Faber,
Chicago. Office, 630 The Temple, Chicago. Ill.—V. 82, p 160,279,
691, 750, 803, 1039, 1155, 1436; V. 83, p. 212, 490; V. 84, p, 101.
ELECTRIC
CALUMET
WAY.—A trolley road.
STREET
RAIL¬
receiver of the National Bank of Illinois
(which held control) sold the holdings of the bank to a syndicate
headed by Messrs. Cobe A McKinnon of Chicago. See V. 8J, p. 1210,
1378. Ira M. Cobe is now receiver.
V. 83, p. 93. Property is to be
reorganized.
Date.
Stock & Bon os-
Interest.
(authorized $850,000).
Cons. mort. ($3,000,000).
Outstand’i
Last div., de.
$500,0(K
stock ($100) (see text)...
Receiver’s
certificates
1899
189*
5 p. o.
5 g. M-N
Default—Default occurred May 1,1897,
675,000
3,000,000
Nov. 1,1909
on 5s of 1894.
Road—Operates a road, mostly doubled-tracked, embracing In all 77
miles of track owned and 3 miles leased. This road connects with
Cottage Grove Avenue Cable, Alley Elevated and Illinois Central, and
reaches South Chioago, Pullman, West Pullman, Auburn Park, Burn¬
side and Manhattan Beach. 70, 83 and 85-lb. rails; 226 cars; also
15 new convertible double-truck cars. General Electric Co. equip¬
ment.
Officers.—Pres., Ira M.
Cobe; Vice-Pres. & Treas
Kinnon; Sec., Frank G. Murray.—V. 77, p. 950, 2389;
.
John W. Me-
V. 82,
p.
1210,
1378; V. 83, p. 93.
CHICAGO
CITY
RY--Aneleotrioroad.
In Jan., 1905, control was puronased by Marshall Field, JohnJ.
Mitchell and P. A. Valentine for $200 a share on behalf of J. P. Mor¬
gan A Co. and a syndicate.
Organization—Incorporated in February, 1859, and has extensive
CHATTANOOGA, TENN.
Common. $2.000,000, $100
Pref.. $1,000,001), $100...
(see text)
1st consol, intge., $3,000.-i
1906
000 (£500 and $1,000). }Jnt. at
.
Trustee, North. Tr. Co., Cnioago.
Ry. 1st mtge. ( 1901 ng. A.-OY&
3,000,000 Apr. 15, 41
($3,000,000) $1,000 g., < Am. Tr. A Savings Bank, Chicago. Trustee.
cannot be called
( Interest payable in Chicago and New York.
E A,. A So. let mort. $2,-1 1901 5g. J-D
1,800,000 June 1,1916
000,000, $1,000, gold, < Int. at Am. Trust and Sav. Bank. Chicago,
s. f
c* (
trustee, and First Nat. Hk., N. Y. City
Sole.— On May 24,1906,
CHARLOTTE, N. C,
Sav. A Tr. Co
A. E. & C.
625,000 -Jan. 1,1919
at Marylana Tr- Co.. Balt., Trustee.
Stock. -Preferred stock is 5% cum. after April 1, 1908. It is re
deemablo at 107 after that date.
Bonds.—Of the $3,000,000 first consols, $625,000 are reserved to re¬
tire prior Ileus and $1,000,000 for extensions and improvements at
85°6 of cost. The outstanding bonds were offered for sale by Graham
& 6o. of Philadelphia in April, 1906. They are subject to call on any
int. dare at 107 and int. on three months notice.
Dividends.- First dividend on pref. stock <1H p, o.) was paid Deo. 1,
1906. In 1907. March, l^p, o.
Earnin.-s—For 12 months ending Deo. 31, 1906, gross, $481,831; in
1905, $424,262.
Road.—Operates about 65 miles of traek In city and suburbs.
surface road privileges in the south division of Chioago. Borne of the
outlying and less Important lines are now being operated under an
agreement with the city. With reference to controversy with the city
concerning these lines, see V. 81, p. 558, 1043. The decision of the
U. 8. Supreme Court in March, 1906, was adverse to the contention
that the company
had franchise rights on its principal lines extend¬
V. 82, p. 627. In Aug 1906, authorized an issue of
$3,000,000 notes to provide for electrification of cable lines. Ac. V.
83. p. 491. On Feb. 5,1907, the City Council passed ordtnanoes pro¬
viding for a settlement of the franchise question. These ordiuanoes
before becoming effective must be approved at the city election on
April 2, 1907. See terms iu V. 84, p. 338.
In Jan., 1907, the Chicago City RR. was incorporated with $100,000
stock (the incorporators being all employees of the Chioago City Ry.)
to take over the North Chicago and West Chic. Street RRs. in case the
Chic. Union Traction Co. fails to accept the traction settlement ordi¬
nances.
See V. 84, p. 338.
STOCK & Bonds—
Date. Interest.
Outstanding.
Last div., die.
8t’k($100)$19,000.000
Text,Q-M 30 $18,000,000 Deo.31,’06*2
ing to 1958.
Gold
trust
notes) 1906
5 g. J.J
3,000,000
July 1. 1908
$3,000,0'0 ($5,000 >Int. at Frst Tr. A Sav. e*’k, Chicago. Red. at
A $10,000)
)
101 and int. on any int. date.
eOn Jan. 15. 1901, stockholders authorized $5,000,000 additional
stock, making total authorized issue $19,000,000; $4,500,000 of the
new stook was issued July 1,1901 (the new stock was offered at par
to shareholders of record June 15, V. 72, p. 183), to retire on that day
$4,619,500 outstanding bonds ; stook outstanding now $18,000,000.
Dividends—Usually 12 per cent, were in 1893,24per oent; in 1894,12
p. o.; 1895,12 p.o.;inl896,12p.o.; in 1897,12 p. o.; in 1898,12 p. o.; in
1899, 12 p. o.; in 1900,12 p..o. In 1901, 10*3 p. o. In 1902, 9 p. o.
Feb.,
1907.]
In 1904,9 p. o. In 1905, 9 p. o. In 1906, 9 p. o
ROAD dbc.—On Jan. 1,1907, company operated 242*56 miles of
track, all now operated by electricity. r Equipment Jan. 1,1907: Cable
grip cars 767; electric oars, 1,291; horse oars, open, 7; cable mall
cars, 4; electric mail oars, 4;
newspaper oar, 1; total passenger and
In
1903, 9 p. 0.
2,065.
REPORT—Fiscal year ends Dec. 31.
Year ending Dec. 31—
1906.
other cars,
Gross
$7,871,126
*6,146,304
(78 08>
earnings
Op. expen. and taxes
P. c. op. ex. to earns
Net
$1,724,822
*
earnings
Depredation
Report for 1905 in V. 82, p. 507.
1905.
1904.
$7,322,080
*5,642 606
(77*06)
$0,868,979
4,802,120
(72*011
$1,679,473
* ....
(9%) 1,620,000
$1,866,859
$120,000
(9%)^.,620,000
(9%)1,620,000
$126,859
$59,473
Balance, surplus
$104,822
*Oper. exp. in 1906 and 1905 include chargefor depreciation.
Passengers carried in 1906 (inoludiag 94,623.106 transfers). 250,-
Dividends
19065.$834,27
800,469; in 1905
2!
STREET RAILWAYS
(including 87,911,785
transfers), 233,412,268.
EARNINGS FOR 9 YEARS
1903
$1,787,224 1900
1902
2.076,678 1399
1901
2,031,098 1898
NET
$1,888,178
$1,724,822
1,868,762
1,679,473
1,906.316
1,866,859
OFFICERS—Chairman Ex. Com., J. A. Spoor; President, T. E. Mit¬
ten; Vice-Pres, and Gen. Solioitor, Mason B. Starring; Sec. and Aud.,
J. B. Hogarth; Treas.. F. D. Hoffman. -V. 82, p. 507. f 08,627; V. 83
p. 271, 491; V. 84, p. 338.
1906
1905
1904
Sampsell for the North Chicago and West Chioago
The receivership was the result of default in
pay
ment of five notes. The notes were for $318,727 against the Traotion
Co., $565,089 against the North Chioago Company and
the West Chioago Co. On April 6, 1905. Judgment for $86,132 was also
given against the Chioago union. V. 80, p. 1728. Interest
on the bonds of the West Chioago and the North Chicago companies
and M.
E.
the
$270,476 against
falling due
the Chioago Consolidated Traction b >nds has been paid as due.
and
On July 28,1903, $4,000,000 receivers’certificates were authorized to
provideTraction
for floating
debt of West and North Chicago companies and of
Company. Receivers were also authorized to take up
Union
the $400,000 bonds maturing Aug. 1,1903, of the Chio. Pass. Ky., and
special receivers' certificates were Issued for that purpose. Receivers*
certificates for $422,000 have also been Issued for improvements on
traok, eto. In Aug., 1904, West Chioago and North Chioago street
railroads jointly Issued $809,OuO of equipment obligations to pay for
of which $480,000 Has sinoe matured and been paid off. See
companies.
on
new oars,
also V. 79, p. 732. In
statements of those companies and
No. Cliio. A West Chio. Issued $440 000
1906 the
trust certificates. On
July 1,1906, $1,500,000 bonds of the North Chioago RR. which ma¬
tured od that date were defaulted. V. 83, p. 94.
On Feb. 1,1907,
issued $440,000 new equipment certificates secured by the cars; in
addition $100,000 was paid in cash.
In Jan., 1905, a syndicate organised In the interest of this company
acquired control of the Chioago City Ry. but the eleotion of Mayor
Dunue in April, 1905, on a platform of municipal ownership has kept
all plans in abeyance.
For letter from H. B. Hollins A Co. to stockholders of North and
West Chioago street railroad companies, see V. 79. p. 2794.
Litiga¬
tion on the part of these stockholders was settled in Jan.. 1 w05. See
ree. car
the North Chicago City
83, p. 491, 1037, 1099,
1228.
Company.—In June. 1906, after the adverse deoision, as noted
below, regarding the company’s franchises, it was decided to form a
company to be known as the Chicago Rys. Co., to take over the
underlying properties in case framlPse negotiations with the olty can
be successfully concluded
See V. 82, p, 1268. The new company
formally organized June 6. 1906, with Frederick H. Rawson as
President and Henry H. Blair as Vioe-Prest
V. 82, p. 1322.
Organization.—Incorporated in Illinois June 3,1899, by the Elkins-Widener-Whitney syndicate aud purchased for $10,000,000 cash
the holdings of stock of Chas. T. Yerkes in the West Chicago and
North Chioago roads. These holdings consisted of $3,200,000 West
Chioago stock and $2,000,000 North Chioago stook. Subsequently the
Stock to be held 5 years)
«« AAA AAA
two systems were leased, the West Chicago for a yearly rental equal to
in voting trust
\
$2,000,000
650,000 Jan. 1, 1929 6 per cent on the stook and the North Chicago for a rental equal to 12
1st mort., subject to call >
1899 5 g. J-J
at 105, gold (see text) $
Manhattan Trust Co., N. Y., A J. Kean, true. per cent on the stock, the leases being dated June 1,1899. By a tri¬
partite agreement entered into on the same date tbe Union Traotion
Company’s holdings of stook of the two roads were to remain in trust
°for°5 year?’-.1.?.001?1.!! \ 1899 5 A'°
2,000.000
Jan.
1,1929
with the Illinois Trust A Savings Bank of Chicago “for all time” a»
Both mortgages may he increased to any amount desired, for new
guaranty fund to secure the leases. See V. 68, p. 1131.
property, not in exoess of $40,000 per mile for first mortgage. V. 68,
West Chicago and North Chicago Leases Modi/lea. Leases were modi¬
p. 231.
fied as of Sept. 1,1903, so as to require rental payment equal to 6 and
Earnings.—Calendar year 1905, gross, $139,408; net, $20,019.
Road—In Feb., 1907,31*3 miles of traok were In operation—from 12 per cent, respectively, only in case earnings are sufficient for the
purpose. Up to 4 and 8 per cent dividends on the respective stooks
63d Street to Blue Island and Harvey.
to be a cumulative charge for five years, after which (from Oot. 15,
Officers—President, Isaac L. Rioe, New York; Treasurer, J. S.
Bacbe, New York; General Manager, W. H. Conrad. Chicago, Ill.—V. 70, 1908) they beoome an obligatory charge, and failure to pay will then
operate as a default under the lease and a forfeltuie of the guaranty
p. 175, 739,1194, 1248; V. 80, p. 1043; V. 82, p. 217.
fand. Dividends on the stocks held in the guaranty fund are to be
paid only after full payment of dividends (as provided under lease) on
CHICAGO & MILWAUKEE ELECTRIC RR. outstanding shareB, lnoludlng unpaid accumulations. New lease also
provides that in any year after tbe payment of 6 and 12 per oent on
A trolley road.
west Chioago and N. Chioago stocks, the remaining earnings of the two
Organization—Incorporated under the general railroad law. This companies
(if there are any) to the extent of $100,000 per annum
company was successor by purchase on Deo. 81,1902, of the Chicago
($30,<>00 on the West Chioago and $70,000 on the North Chicago Co)
A Milwaukee Electric Railway Co. Leases the Chio. A Milw. Eleo RR.
to be applied to the reduction of tbe $3,400,000 floating debt of
of Wisconsin for 50 years from 1905. and guarantees its $3,700,000
the companies. This latter is not to be, a cumulative charge, but the
bonds, both principal and Interest. In Nov., 1905, the Kenosha Eleo
recurs in each year. Leases of underlying companies of
Ry. was acquired by A. O. Frost, Pres, of the C. & M
In Oot., 1905 obligation
West Chicago and North Chioago are to be considered as sublet only,
he also purchased the Waukegan Fox Lake & Western RR., which
not
absolute transfers to the CUioaeo Union Traotion. as claimed
operated 1*9 miles of traok in Waukegan. Franchises,exoept five, are under the old arrangement. Bee V. 77, p. 249,1746. The amended
perpetual.
leases were declared valid by the Circuit Court on July 5,19.5. V.81
Maturity
Outstand’g.
Interest.
Stock & Bonds—
Date.
p. 210.
$5,000,000
Stock, $5,000,030.
Dividend payments under modified leases.—On North Chicago stock,
O. A M. E. Ry. 1st M., 1899
1,000,000 July 1,1919 Oot., 1903, 1** p. 0. On West Chicago, 3* Nov. 16, ’03; 3* Nov. 15, ’04.
5g. J.-J.
$1,500,000, g. ($1,- Int. at Standard Trust Co., N. Y.. A Clev. Tr. Co.
Actions to Annul Leases.—The reoeiver of the North Chicago and
000 each) o.; may be{
nSveiaiid Trust Co. and Royal West
Chicago Street RRs. in March, 1906, began suit for tbe cancella¬
called anyint. day trustees,
Cleveland
Trust. Co..
Chicago.
tion of the leases, owing to the inability of the lessee to continue the
at 105 and int.
payments. See V. 82, p. 627.
C. & M. E. RR. 1st M. C 1902
4,000,000 July 1,1922 rental
5g. J.—J.
Franchises—There has been much contention as to the company’s
$5,000,000, g. (01,-1 Int at Merchants’Loan & Trust Co., Chicago,
franchises. Company claimed a 99-year franchise under the Act of
000)
0 ( Trustee, or Nat. Bank of Commeroe, N. Y.
6,1865. In Mar. h, 1906, however, U. S. Supreme Court, at the
Wisconsin Div., lst(1903
5g.J.-J.
3.700,000 Jan. 1,1925 Feb.
end of a long litigation, decided that the franchises either already had
mortg.. guar, gold,} Interest at West Trust&Sav. Bk., Chi \ Trustee
expired, or oould be terminated at the option of the city. V. 82, p.
$10,000,000 i$l,000) f or U. S. Mortgage A Trust Co.. Ne w York.
627, 691. An application for a rehearing was denied in May, 1906.
Bonds—Of the $5,000,000 Railroad Company bonds authorized, $1,000,000 are reserved to retire a like amount or bonds of the Railway V. 82, p. 1155. On July 20,1903, City Council passed ordinances tem¬
Company. Bonds are not subjeot to call. See V. 76, p. 211; V. 78, p. porarily extending the franchise rights, with the proviso that neither
party is to be considered as waiving any rights thereby. V. 77, p. 195.
1496.
In the matter of the taxation of franchises, an important decision
Sinking fund on the Railway bonds of $50,000 per year begins with
bearing adversely on all Chioago corporations was rendered by the
July 1,1910. No more than the $1,000,000 of these bonds outstanding Illinois Supreme Court in Ootober, 1901. See V. 73, p. 902,1114: V. 74,
will be Issued
These bonds are subject to call on any Interest date at
p. 775,1251.
105 and interest.
City Ownership-In May, 1903, the so-called Mueller law was enacted
The Wisconsin Div. bonds are guaranteed, prin. and int., by the Chic.,
In Illinois permitting city ownership of street railways under certain
A Mil. Ei. R. R., of Ill No. s. f. and are not subjeot to call.
conditions.
V. 76, p. 1191. Proposition however must first be sub¬
REPORT—For years ending Deo. 31:
to electors and approved by three fifths of those voting thereon.
Gross.
Ntt.
Other income. Fixed charges Sumlus mitted
Act is not to be in force at all in any city until the ques¬
$31,791
• $347,993
$517,810
$201,605 Futhermorethe
tion of its adoption shall first have been submitted to the electors of
594,875
350,323
14,462
263,878
100,907 such city and approved by a majority of those voting. The Chicago
464,655
285,617
9,147
163,136
131,628 City Council on Oot. 19,1903, passed an ordinance providing for a
1903
292,247
193.620
1,985
101,805
93,800 vote on the proposition at the election to be held April 5,1904. V. 77,
Road—Operates 140 miles from Evanston through Waukegan and p. 1553. The vote at this election was in favor of making the Act
Kenosha to Racine, lnoluning extension to Libertyvllle. Line from applicable to the city. See V. 78, p. 1391. 1408. On April 4, 1905,
Evanston (where connection is made with Chicago) to Waukegan, was Edward F. Dunne was elected Mayor of Chicago on a platform prom¬
opened in Aug., 1899, and extension to Libertyvllle in Sept., 1903, and ising immediate municipal ownership of strrec railways. V. 80, p.
to Rockefeller in March, 1905: 38 miles additional to Zion City and
1362.
In April, 1905, city advertised for bids for the construction
Kenosha were placed in operation Deo. 2, 1905, and the line to Raoine of a system of municipal street railways (V. 80, p. 1728), but this was
Sept. 1,1906. An extension to Milwaukee is now under construc¬ afterwards withdrawn. In July, 1905. Mayor Dunne proposed two
tion; is expected to be completed during summer of 1907. Praotioaliy alternative plans to the City Council (V. 81, p. 210) and in September,
all the road is built fon private right of way and the road is double
1905, company made propositions for the se'tlementof whole traotion
traok throughout. Rails, 65 and 85 lb. V. 67, p. 900.
question. See V. 81. p. 1043. In Nov., 1905, Mayor Dun e submitted
OFFICERS—Pres., A. C. Frost; Vice-Pres., Gordon A. Ramsay; Seo ,
plan to the City Council wht *h proposes to anqulre the street
Pierre G. Beach; Treas
W. O. Kilman; Gen. Mgr., R. B. Stearns. railways through the issuance of $75,000,000 Mueller law
certifi¬
Office, 108 La Salle St., Chioago.—V. 78, p. 1496; V. 81, p. 1492; V. 82, cates to be secured by deed of trust. V. 81. p. 1492. A resolution
p. 986, 1099.
V. 83, p. 562, 1410.
passed by the (kmnoil on Jan 18, 1906, to submit the question of
issuing these certificates to a vote of the people at the April. 1906,
CHICAGO
ELECTRIC TRACTION—Trolley.
projected Chic
Chicago,
provides for
81, p. 1043;
Organization.—Successor in Jan., 1898, to Englewood A Ohio. Eleo.
By., foreclosed per plan in V. 65, p. 728. On June 13, 1900, Charles
Henrotin was appointed receiver on petition of the trustees of the 1st
mortgage of 1899, on which no interest has ever been paid. V. 70, p.
1194. Motive power was changed from storage battery to overhead
trolley in 1901. Reoeiver was authorized to issue certificates, and
$250,000 have been issued.
New Securities—
Date. Interest. Authorized. Maturity.
1906, it was proposed to sell the road to the
A Southern Trao. Co., which would use it as an entraaoe Into
but this had not been eflected up to Feb., 1907.
Plan
extension of road to Kankakee, Ill, about 30 miles. See V.
V. 82. p 217.
In Feb.,
V. 80, p.
162. For circular to stockholders of
Chioago West Division Ky., see V.
Ry. and. the
'ew
new
was
a
are
are
as
...
on
a new
,
was
eleotioa. V* 82. p. 217. At the olty election on April 3, 1906, the
RAILWAYS COfor the cltv to operate the street railways failed to oarry,
Organiza'ion.—Incorporated in Illinois in Oct. 1903 and proposes proposition
but the proposition to issue the Mueller certificates was endorsed.
to take over the Chi ago Union Tra tion Co., and the Chicago City
See V. 82. p. 803.
A test suit to determine the validity o'1 these
Ry. Co. in case the franchise question can be settled. v V. 83, p. 491.
certificates has been begun. (V. 82 p. 1211 ) and Sept. 15,1906, Judge
Stock, $100,000.
Wlndes in tbe Circuit Court at
hicago held them vali l. An appeal
Directors —Marshall E. Sampsell; Frederick H. Rawson; Henry A.
V. 83, p. 712. On Feb.
lias been taken to the 8tate Supreme Court.
Blair; W. N. Etsendrath; E. D. Halbert; James H. Eckels and John W
5, 1907, the City Couno 1 passed ordinances providing for a settle¬
Gary. V. 83, p. 491.
CHICAGO
road.
Chi¬
and the
Jas. H. Eckels
CHICAGO UNION TR ACTION--An electric
Rceeirership— In April, 1903, receivers were appointed for the
cago Union Traotion and also the North Chicago Street RR.
West Chicago street KR.
and Marshall E. Sampsell
Receivers at present are
for the Chicago Union
aud Henry A. Blair
withthecompanles. V. *4, p. 338. These ware
vet* Feb. 11: V. 81, p 390. The
effective unless approved at tbe City
'
, ,
companies |on their tangible and
property, see V. 83, p 491 aud Y. 83, p G87. For city’s
ment of the relations
again passed over the Mayor's
ordinances will not bee jme
election on April 2, 1907.
For the valuations placed bv the
intangible
oo
STREET RAILWAYS.
valuation,
see
ment with
the
V
83, p 1523.
city
p. 1523.
was
In Dec., 1906, a new plan for a settle¬
proposed by the company; see plan in V. 83,
and
BONDS.—The $12,000,000 preferred
scribed for at par, a bonus of 50 per cent,
stock
was
sub¬
however, being given in
common stock.
V7. 68. p. 1225.
There was thus $2,000,000 cash left
after the payment of $10,000,000 to Mr.
Yerkes, and this $2,000,000
was spent for improvements and extensions
of the lines acquired.
Date. Rate.
Stock, com.,
$20,000,000,
Outstanding.
$100
$20,000,000
Stock, pref. 5p.c., $12,000,000, par$l00,cumulative
12,000,000
Oct, 1900,1%%
Dividends—Dividends of m p.c. were paid on preferred shares Oct1899, and Jan., April, .July and Oct., 1900. None since.
Road—Total mileage of lines operated :
West Chicago St
North Chieago St
28 913
18*120
Chicago Con. Traction
Grand total (single track)...47 033
Electri-.
175*329
75*020
181*170
Horse.,
Total.
211*071
91*080
181*170
6*832
*910
7*772
486*324
Receivers* Report—The earnings of the operating companies for
the jears ending Aug. 31, 1906 and
I9t>5, compare as follows;
Gross earnings
Operating exp
$6,573.9i-4
4,3 35,737
$5,963,016
3.958.1 >6
Total income
Charges
Vo
-
t/i
Chicago St. RR.—
1905-06
$3,518,004
2,185,694
1904-05.
$3,245,513
2 117,584
$2,238,227
$2,001,880
50,4 04
$1,332,310
45,819
$1,127,929
25,172
22,939
$2,288,631
$2,050,699
l,414,f 74
$1,357,482
802,313
$1,150,868
731,414
$636,125
555,815
$555,169
423,015
$418,954
$80,320
80,320
$132,124
35,519
$38,104
33,164
i,4‘24.047
Balance
$864,584
Depreciation
797.124
Balance, surplus.
Cons. Tr. Co. def,...
$67,460
67.460
Balance
380,790
$96,605
CHICAGO CONSOLIDATED TRACTION CO.
Years Ending August
1906.
1 “05.
,
Gross earnings
$1,833,559
expenses
1,314,409
31
«
1904.
$1,605,798
1,123,301
$1,468,631
1,223,182
.Vet earnings
Other income
$519,150
82,881
$482,497
82,152
$245,449
80,342
Total income.
Deductions
$602,031
705,010
$564,(49
$325,791
683,133
715,748
$102,979
$118,484
.
..
Deficit
$389 957
OFFICERS.—Pres, and Gen’l Man., John M. Roach, Chicago; 1st VicePres., R A. (’.Smith, New York; 2d
Vice-Pres., Walter H. Wilson, Chi¬
cago; Secretarv and Asst.
Treasurer, Markham B. Orde; Treasurer,
James H. Eckels.-V. 82,
p. 99, 217, *27, 691, 803, 867, 1 ’55. 12.
8,
1211. 126S. 1322; V. 83, p. 94, 212, 491,
687, 13 46,1466,1523; V.
84, p. o3S, 390)
(l)CnrCAGO
On
CONSOLIDATED TRACTION.—Electric roads.
April
14,
1900, agreement for the absorption
of
the
company by the Chieago
Union Traction
was
authorized
The
latter
company
paid $45
in
Chicago
Consolidated
Traction
bonds, guaranteed by the Chicago Union Traction, and $1 50
in
cash for eaeh $100 or stock.
V. 70, p. 791. All but $46,650 of the
$15 000,000 stock of the
Chicago
Consolidated
stock is understood to
have been exchanged in this
way for bonds
Sutro Bros. <fe Co. of N. Y.
sought to have the arrangement declared invalid, but
JudgeGibbons, at
Chicago on Apr. 17,1901,refused to grant an injunction.
Suit Anally
settled out of court. V. 75,
p. 1030; V. 7 2, p. 775.
Organization-The Chicago Consolidated Traction was organized
in Feb., lepy, to unite the
suburban lines of North Chicago and
West
Chicago. It acquired the stock of the following roads (V. 68, p. 769).
Stock
Outsland'g.
Same.
,
r-Trac. Stk.Iss.There/or.—
Rate.
Amount.
$
%
$
1,500,000
.
.50
3,750,000
2,000,000
175
3,500,000
Leased to North Cliioago Electric.
1,500.000
200
3,000,000
1,000,000
50
500.000
2,500,000
62
1,550,< 00
2,000.000
55
1,100,000
Chicago Electric Transit
Nortli Chicago Electric
Chicago North Shore St. Ry
North Side Electric
Evanston Electric
Cicero A Proviso
Ogden Street Railway
Chic. A Jefferson Urban Transit
2.000.OoO
55
l.ioo.ooo
r2.50o.oiY
14.500,000
In addition, $500,000 of
Chicago Consolidated Traction stock was
sold for cash,
making with the foregoing the full total of $15,000,000
stock outstanding.
Stock & BONDS—
mortgage
750,000
The
bonds
Date.
Interest.
Outsland’g
Maturity.
$15,000,000
gold, $6,-5 1899 4% J-D
6.750,000 Peo.1,1939
( Int. at Equitable Tr. Co..
Chicago, Trustee
Stock, $15.000,000
1st
for
$6,750,000 are guaranteed, principal and interest,
The Chicago Consolidated Traction
hen it was organized assumed the bonds
of the constituent companies
(w hich it agreed to
guarantee! and also the lease of tlidChic
go North
Shore street Railway under which 6
per cent dividends are paid on
the $650,0<K) stock of the
latter. The statement to the New York
Stock Exchange under date of March
27, 1899, showed that the mort
gage Indebtedness of the constituent
companies issumed aggregated
$6,085,0* 0, including the $650,000 stock
of the* hicago Nortli Shore
Street Railway. Below is the debt of
the constituent companies In
detail.
By the terms of the several trust deeds of these
mortgages, no
additional bonds can be Issued
except for construction^ and then for
only 75 per cent of the actual expenditure therefor.
by the Chicago Union Traction.
w
Obligation* of Subsidiary Companies.
Bonds—
Dote.
InVst.
Outstandng.
M., guar no option ($1,000) 1894 6 F A $1,097,000
I nterest is payable at
ollice of trustee, the Illinois Tr. A
This
,
aturxty.
Aug. 1, 1914
Savings Bank.
mortgage provides for the issue of
$2,000,000 bonds at
not exceeding the cost of
Improvements, extensions, etc., and for
additional bonds at not above 75
per cent such cost. Of the
$1,097,000
issued. $842,000 are guaranteed
by the West Chicago Htreet UK. and
$255,000 by the North Chicago Htreet Kit.
CHICAGO A JEFFERSON URBAN TRANSIT.
Dale. Interest.
Outstanding.
Maturity
1st M., guar. p.and 1.,West > 1895
6 M-N
$208,000 Nov. 1, 1915
Chic, et Ky.. see text...
5 Interest, at Chicago office.
The first mortgage is for
$2,000,000. hilt additional bonds may he
issued for extensions, etc.
Trustee, Illinois Trust A
r
_
are
vr
c
a,
reserved for
aaa
r
improvements
at not exceed¬
OGDEN STREET RAILWAY.
1st M
($1,500,000)....
Date.
) 1896
Mort
for
Interest.
6 M-N
Outstanding.
$750,000'
Maturity.
May 1,1916
gu.p.fci.W.' liic.,end. s
Trustee is Illinois Trust & Savings Bank.
The supplemental
mortgage, executed Jan. 22, 1898, limits the issue
of bonds to $1,500,000. Additional
bonds (beyond the $750,000
can be issued only for
75 per cent of the cost of new construction, out)
EVANSTON ELECTRIC.
Date.
$1,000,000
currency
Interest.
6F.&A.
>
Guar,
s
Outstanding.
$130,000
Maturity.
Aug. 1, 1916
by Nortli Chicago Street Railway.
NORTH SIDE ELECTRIC STREET
RAILWAY.
Date.
1895
Interest. Outstanding.
Maturity.
6 M-N
*155,000 Nov. 1, 1915
(end.) by No.Cli.8t.RR. s Trustee, Illinois Trust &
Savings Bk Chieago.
Interest is payable at Chieago office or the fiscal
The
mortgage provides for the issue up to $1,500,000 at not agency.
exceeding the
cost of const ruction; further bonds
can be issued at 75
per cent of
cost of extensions and
improvements. (See guarantee V. 62, p.
414.)
,
NORTH CHICAGO
ELECTRIC RAILWAY.
Date.
Interest. Outsland’g.
Maturity.
$1,000,000 ($1,000) 1 QQ J A ri
Q,
trn
( 1894 6 1 - A
$868,000 Aug. ,1, 1914
Jkiehd
1 11 ’ g
Int.
Trust
Chieago.
at Illinois
(trustee),
The bonds are
guaranteed, $688,000 by North Chicago* $180,000 by
West
Street RR.
1st M.i
*
ihiftpt tn na111
a
fliAAO
AAA
A
n
a
,
,
Havings Bank.
j
15
Chicago
CHICAGO & NORTH SHORE STREET RAILWAY.
Date.
Capital stock,6 p.c.guar
1st M., $1,500,000, g.,)
Interest.
6 Q.-J.
Outsland'g.
$650,000
Maturity.
See text.
675,000
Apr. 1, 1912
guar. p. & i. (end).e* (
Sub), to call at 105 any Apr. 1 after 1905
The bonds, guaranteed by endorsement
by the North < 'hicago Electric
Railway, and the stock guaranteed 6 percent per annum
by the same
company, are listed on the Chicago Stock Exchange.
Interest is paid in New York
by Chase Nat. Bank and in Chicago at
Illinois Trust «fe Savings Bank, Trustee.
Road-—The property embraced in the constituent
companies con¬
sists of 81 17 miles of single track electric
street railway, located in
the City of Chieago, the
township of Cicero, and the City of Evanston
all in Cook County.
The lines extend over the entire north,
northwest,
west and southwest sections of the
City of Chicago and connect at
their respective terminal points with the lines
of the North and West
Chicago Street HR. systems, over which passengers are carried
origi¬
nating on the lines of the Consolidated Traction and vice
versa.
Rails are Johnston girder, 75 to 85
lbs.; gauge 4 ft 8% in.
Equipment.—Motor ears, 269: trailer cars, 62; motor
equipment 208.
Officers.—Pres., John M. Roach; Vice Pres.. Edwin
s. Hartwell;
2d Vice-Pres.. F. E. Smith; See. and
Treats., ,C. F. Marlow. Transfer
and General Offices—54 Wall
St., NewiYork, and 444 North Clark St..
Chicago.—V.
1894
6g. A-O
82, p. 1210.
(2)
NORTH CHICAGO STREET
Receivership—For particulars
see
above.
RAILROAD
Chicago Union Traction
Co.
Organization—Incorporated
controls
under the laws of Illinois in 1886. It
the surface street railroad
system in the North
city of Chicago, through the purchase in 1886 of 2,501 division of the
shares out of
a total of 5,000
shares capital stock of the North <
ihicago City Rail¬
way Co., said road being leased for 999
years from l*so.
Franchise
claimed t
be 99. years from Feb.,
1865, and cono-utlon upheld by
U 8. Circuit Court in May. 1904
(see V 78, p 233
V. 80,* p 1058,
1911). but reversed by U. S Supreme Court in April,
1900. See V. 82,
p. 627.
Annual payment to
city for electrical franchise, $25,000, car
license, $50 per ear per annum, 3
trips per day to a car
In June, 1899, the Nortli
-Chicago was leased to tlu- Chieago Union
Traction for a yearly rental
equal to 12 per cent, on the stock. V. 68.
p. 11 II. In Aug., 1903. lease modified so
as to
require lJper cent
rental only if earned
For terms in detail see Chicago Union
Traction.
For decision
approving legality of amended leases, see V.
81, p. 212.
For suit to cancel leat-os see
V. 82, p. 6-;7.
In >une, 190 >, stockholders
organized a protective committee. See
V. 8
.
?,.)> l.i23.
For circular to stockholders of
North Chicago City Ry. and Cliio.
West Div. Kv., see V 83 p. 491.
Later several bondholders’
protective commitrees were for tied for
the various
underlying issues and deposits of bonds w tli the
Fidelity
Trust Co., Phila., were
requested; see V. 83. p * *8 *18, 8 *1, 1229.
The $1,''OH,<('0 istnitge. bonds
which mature*) July 1.1906,
were
not paid: see V. 83,
In Jan., 190 7, the Chieag » City RR. was
p. 94.
organized t<» lake over this
company and tlic West Chicago street RR.
if lie Chio. Union Trae. Co.
fails to accept the settlement
ordinances;
see
V.
8;1,
STOCK
Stock
p. 338.
.
Bonds—
Date.
($10,000,000) ($100)
and
Interest.
Out st'drug.
Last div.de.
Q.—J $7,920,000 Oct.,03,1%%
($500), &c. > 1886 5 J-J
3,171,000
1906-9-16
Currenoy.. S Fidelity Trust Co., Philadelphia. Trustee.
....
1st mortgage
See text
.
C800 000 VddK($ir( oo’1001
*
Series A
’
S
c*
1,614,000 Apr. 1, 1931
4%g. A-O
Northern Trust Co of Cnic.ago, t rustee.
N. C. City Ry. Co. stock
1st mort., cur’cy($1.000'. 1880
2d M. ($2,500,000) cur. >
Trustee, Ill. Tr.«fc S.Bk.
Eouio
obli g
g
I,quip. onii.,
($1
(K Oi
($i,ou»
s
30
4
See text.
500.000
30% per year.
July 1,1927
4ia M-N
2,500.000
Nov.1,1927
6 g. M-N
112,0'H)
1887
$ 1304
-J
?: J
See text.
New York
1906
6
440 0<>0
See text.
Equipment C« rt
1907
4»0.*»o0
Floating debt Feb. 1/07
2.316,0 0
Stock of N. Chi. City Ry.
Co. not owned by N. Chi si. RR. Co., $249.400 (par, $100), receives an annual
rental of $30 per share. North
(’hicago City stock for $250,600 is owned bv Nortli
Chicago Street RR.
See circular to shareholders in V.
83, j». 491.
Ronds. — Under the Nortli
Street
si mortgage the
Chicago
RR.
following bonds have been issued: Dated
1886, due 1906, $1,July,
500,000; July, 1&89, due 1909,
$1,250,000; Jan.. 1896. duo 1916,
$421,000. The $i
Rec Car Tr. Cert
j
! ,tm.eHt
at
standard Tr
<’o
....
....
,500.000 mat ring July 1,1906, were ..ot
Chieago City Ky. 1st mortgage for $500 000 was paid. The
originally a
cent, issue, but when bonds fell due
July 1
900 they were
extended for 27 years at 4
per cent. Sec V. 70, p i 195
Under the
consol, and ref.
North
6 per
CHICAGO ELECTRIC TRANSIT.
1st
end..
$500,000 of tlie bonds
ing 75 per cent of cost.
not
Net
Other income
Operating
Cliic/st! R’way!
w
*11
1st M. our., gu. p. <fc i. )
431*519
s-West Chit ago S'. RR.—.
1905-06. '
1901 05.
$1 000
Interest.
Outstanding.
Maturity.
qaq
$1,908,000
C5£’M&N
May 1,1915
> Iut’8t at IJ1* Trust & Sav’gs Bank, trustee.
M., $2,500,000,)
v
=■
par
able.
1895
Divid's.
•»
L xxxiv.
CICERO A PROVISO STREET RAILWAY.
Consol.
Stock
[Yol.
mtg the compuMy covenants not to ih.su*
any more
bonds under tills
mortgage.
Of the $4,80 »,O0O consol, and ref.
bonds of 1901, $1,6 ’ 4.000 “Series
A” were issued to retire the old
6 p. c. debenture cents
$3,171,000
are reserved to take
upthefirst mortgage 5s due in
1916, and $15,000 to pay off a mtg. on Dearborn Street 906, i909 and
property.
Has guaranteed $688,000 North
Chieago Electric Kv and $255,000
Chicago Electric Transit bonds; also Nortli Hide
Electric
St. Ry.,
$155,000 bonds, and Evanston Electric
Ry., $130,000 bonds
Tlie equipment obligations in table above
mature $5* ,Oo<>
annually
on Nov
1, 1907 and 1908, and were issued to
provide ror 80 p o. of
the cost of 70 cars
See V 79. p. 732.
On Nov. 1, DIM, $56,o00 were
retired and $56,000 more were retired
Nov. 1, 1905, and
,
1, 1906.
$56,000 Nov.
23
STREET RAILWAYS.
Feb., 1907.J
receivers’ car trust oert. mature $110,000 annually from Aug. 1,
1907 to 1911. V. 83, p, 818.
Slock—Outstanding stock is $7,920,000, of which $5,920,000 is held
The
CHICAGO & OAK PARK
ELEVATED RY with Northwestern
In June, 1906, it was reported that consolidation
Elevated RR. was proposed. V. 82, p. 1437.
Organization.-This company was incorporated in New Jersey on
and $2,000,000 in trust as above. V. 66, p. 761, 811; April 22, 1904, to hold the securities of the Chicago A Oak Park
Elevated
Railroad Co., formerly the old Lake Street Elevated RR.
V. 70, p. 46, 1195.
reorganized per plan in V. 77, p. 1874; V. 78, p. 1392. Besides $9,149,DIVIDENDS l1893. ’94. ’95. ’96. ’97. 1898. 1899.1900-01 1902-03.
642 stock and $864,100 Income bonds, also holds $1,608,500 notes of
percent. { 12
12
12
12
12
12 12 Below. 12
the Chl ». A Oak Park Elev. Railroad Co. Issued by that co • pany for
In 1896, 12 p. o in Ort,sh, and 20 p. c. extra (10 p. o. in stock aud 10
made to it by the Railway Co. The oil Lake St. $i0,00o,000 of
In 1903 quarterly pay¬ loans
p c. in 6 p.o. certificates of indebtedness).
common stock paid an assessment of $2 per share, and received $4 In
ments were at 12 per oent rate until Oct 15, when an interim div. of
new preferred and *40 in new common stock for each share of old
lifl p. o. was paid. None since.
Income bondholders received 80 p. c. in new preferred stock.
Road—
Miles. ]
Miles. stock.
Date. Interest. Outstand'g. Maturity, Etc,
Stock & Bonds—
fable
18-12 j Electric trolley
75*02 Common,$6,000
$5,656,100
000,$100
Horse
*94' Total track operated
.94-08
by
the public
OFFICERS.—Pres., Frederick H. Rawson;
Raymond; 2d Vice-Pres.. J. A.
Orde. V. 82, p. 1213, 1323; V.
1348, 1524.
1st Vice-Pres., Chas. I.
Rose; Sec , F E. Smith; Treis.,
83, p. 492, 626, 6S8, 818, 891,
M. B.
1229,
P$ldo3,200,000,
3,014,800
LWofgm^N^tl.^El00’' £
Amer. Tr. A Sav.
1893
5J-J
5,000,000 July 1,1928
Bank, Chic., and Equit Tr., Chio., trustees.
DOaek Park"EL6/!^10!.^ 1904
350,000 Jan. 1, 1909
2
'
(3) WEST CHICAGO STREET RR.—
Notes payable Deo. 31. i906
5*>8.500
Organization—Incorporated July 19, 1887 under laws of Illinois.
First mort. bonds assenting to reorganization were stamped
Ronds
LEASES.—Control of tne Ofii. IF. Dio, Ry. (96 miles track) was ac¬
subject to call at 105 and interest on any iuteres date. The deben¬
quired through purchase of a majority of its shares (6,251) of capital ture note was issueu by the Chic. A Oak Park El RR for the claim
of
stock, and the road leased for 999 years from Oct. 20, 1887, at an
the Northwestern Elevated RR.. amounting to $770.0^5. and is guar¬
annual rental of $35 per share, the princlpahand interest of its bonds
anteed by the Chio. A Oak Park Ei. Rv.
The old income bonds, with
being assumed—see V. 65, p. 281. Of the Chicago Passenger By. Co.
the exception of about $140,oOO, are held in the treasury of the Rail¬
(34 miles track) stock, the Chi. W. Div. Ry Co.owns a majority ($730,100),
way company.
and the road was leased March 15. 1889; lease extended in 1897 for 50
Road—Owns a double-track elevated railway from Fifth Avenue
years to the West Chicago Street RR. The West Chicago St. RR. Co.
and Lake 8t. to 52d St. and Lake St., with spur down Market St. to
agreed to pay 5 per cent a year on capital Rtock of the Passenger Ry. Madison St. Connects with Suburban RR. tor traffic outside the city.
Co. and to guarantee its fixed charges. The West Chicago formerly
V. 65, p. 236.
Trains began running around the loop in Oct., 1.897.
leased Cicero A Proviso St. Iiy. and Ogden St. Ry., but these roads have
Chic. A Harlem forms an extension comprising 4 miles more of double
now passed to the Chicago Consolidated Traction.
single
track, 22 miles.
track.
Total
In June, 1899, the West Chicago was leased to the Chicago Union
Latest Earnings For 12 months ending Deo. SI, 1906, gross,
Traction for a yearly rental equal to 6 per cent on the stock.
V. 68,
p. 1131.
In Aug., 1903, lease modified and 6 per cent required only $844,222 against $324,664 in 1905.
Minimum dividends of 4 p. o. will he cumulative for five
if earned
Co.
Report—For years ending June 30 for Railroad 1906.
*
1905
years, and thereafter obligatory. Further details w 11 he found under
Passenger
$863,637
$821,196
earnings.
Chicago Union Traction. For decision approving legalityof amended
Other earnings
23.146
18,302
For suit to cancellease. see V. 82, p. 627.
leases, see V. 81. p. 213.
Rc'eircrstUp— In April, 1903, property was placed 1n the hands of
Total earnings.
$386,783
$'39,498
receivers—see remarks above under Chicago Union Traction.
Court
ordered receivers to take up the Chio. Pass. Ry. $400,000 b inds, due
'.
505,\39
505 930
Operating expenses
1903.
Chicago Passenger Railway Franchise expired in April, 1904.
V. 78, p 1549; V. 8 •, p 1728, 1911.
For notice to stock and bondholders of the North Chicago City
the West Chicago Street RR Tunnel Co., the Chicago Passenger
Aug. 1.
See
Ry.,
Ry.
West. Division Ky.,see V. 83, p. 491, 1037, 1099,1228Stock & BONDS—
Date. Interest. Outstand'g. Last div., <Se.
Stock,$20,000,000 ($100). text.
Q.-F. $13,189,000 Nov. ’04,
1st
nmrtgage,
M.-N.
3,864,00* May 1,1928
$4,100, S 1888 5
000, $1,000, s. f
e i Illinios Tr. & Sav’gs Bank, Chicago, Trustee.
SI 000
" I>- *
497,000 Deo.
Debentures $i,oou
n* $ 1894 6
Debentures,
o
^ subject toJ*
call at par after 1899.
Consol. M., $12,500,000g. < 1896 5g. M.-N.
6,136,000 Nov. 1, 1936
($1.000 each)
o* ( Cent. Tr. Co., N. Y. A G. Sherman, Trustee
Subsidiary lines—
W. Ch. St.RR.Tun. Co.1st < 1889 5
F.-A. $1,500,000 Feb. 1, 1909
guar. p. A i
end. c. t Illinois Tr. A Sav’gs Bank, Chicago, Trustee.
5 p. c.
184,000
Power house mortgages. 1888-9
1928-9
Chi. W\ D. Ry. Co. st’k 100
$35G.-J. 20 See text. 35% per year.
1st luort. 4L>s, ($l,i 00).. 1892 4*2 J. - J.
4.016,000 July 1, 1932
Chic. Pass. Rv. Co. stock
5
1,340,300 5% per vear.
Consols. $2,000,000 our- (1896 5
J.-D.
1,600,000 Dee. 1, 1936
and the Chicago
1, 1914
( Equitable Trust Co,, Chicago, Trustee.
\j ^994
M.—N
208.000 See text.
iut at standard Tr Co New York.
rency
nhli
obit
Fmiln
Equip
,
O *0)
g. r$l
($1,0^0)
u
.
1,090,000
Floating debt Feb. 1, 1907
Interest is payable at company’s office.
Bonds.— Of the $12,500,000 consols under
the mortgage of Novem•2r, 1896, $3,864,000 can he issued only on retirement of an equal
amount of the outstanding first mortgage 5s, and $2,500,000 for im¬
provements aud extensions at 75 per cent of the cost thereof.
The mortgage covers 202*7 miles of track, including West Chicago
Street RR., 72*7 miles (owned); Chicago West Division Ry., 96 miles
(leased), and Chicago Pass. Ry., 34 miles (leased). Bee V. 64, p. 176,
333, 472. Chicago Pass. Ry. consol. 5s -were reserved to retire 1st 6s
due Aug 1, 1903, but at maturity they were taken up by receivers.
The $497,000 of West Chicago debentures were on March 27, 1901,
©ailed for payment June 1.1901, but call afterward rescinded.
The equipment obligations given in table above mature $104,000
annually on Nov. 1, *9o7 and 1908, and were issued iu payment of 80
per cent of the cost of 130 new cars; $104,000 was retired Nov 1,1904,
$104,000 on Nov. 1, 1905, and $104,OcO Nov. l, 19o6.
Chicago West Division Stock Is $1,250,000, of which $625,100 is owned
by the West Chicago Street Co., the remainder ($624,900) being guar¬
anteed 35 per cent yearly underthe lease. See circular to shareholders
$2,000,000, having
stock
under
stock, of which $730,000 is owned by
in V. 83 p. 491.
Chicago Passenger Railway stock
been increased from $1,000,000 in 1896, but only $1,340,300
has been issued.
The West Chicago St. RR Co. guarantees
operating contract 5 p. 0. on
West Chicago.
Finances.—Application dated June 29, 1897, for listing
Exchange was given in full in
as to the leases of the company.
OlVlDENDS—) 18H9. 1890. 1891. 1892. 1893. 1894. ’95 to Aug. 15,’03
per cent.. S
7*4
9
5
5
6
9
6 per anu.
Under modified lease interim dividend of % p. 0. paid Nov 16, ’03,
and
Nona «in e
p. o was again paid on Nov. 15. 1904.
Road.—Owns amt leases 211-07 miles track, operated as follows:
Cable, 28-91 miles; electricity \7''33 miles; horses. 6-83 miles
OFFICERS.—Rich., Frederick II. Rawson; 1st Vice Pres . Wallace
ttlei-kman; 2d Vice Pres Jno. A. R'se; Se \, F E Smith; Trees . M. B.
Orde.
V 81, p. 213; V. 82, p. 1214; V. 83, p. 493, 689, 101)9, 1349.
General
the stock and bonds on the N. Y. Stock
V. 65, p. 281, with detailed information
,
GENERAL ELECTRIC RAILWAY
Organization—On January 18, 1896, obtained a twenty-year frail
©liisefora system of lines from the Dearborn Station, south on Plymouth
and custom House Places, aud Dearborn Street to 22d "t., connecting
at 18th St with the Chicago Uuiou Traction Co.; at Archer Ave. with
the Chicago City Ry., and at 22d St with the Chicago General Ry.
and in February, 1897, additional franchises were granted, which
together with the ttrst-named, cover 56 miles of track.
Is m opera¬
tion from Dearborn Station south to Twenty-second St., embracing
2s» miles of single track. The company agrees to pay the city 5 p. o.
of gross for second five years of franchise, 7hj p. c. for third five years
cent for last five years.
Stocks & Bonds— Date.
Interest..
Outstanding.
Maturity.
Slock, $5,000,»<0o
$ >.000 000
( 1896
5 g. A-O
abt. 500,000
Get., 1916
1
***
) Interest at Morton Trust Co.. New York
Mortgage authorizes a first Issue of $3,000,000, then $2,000,000 for
extensions, and additiont \ amounts at 85 per cent of cost of still
and 10 per
1..
»i
■*
Trustees, Chicago Title A
State Trust Co. (now Morton Trust) of N. Y.
OFFICERS—President. Ferdinand Goss; See and Treas , Jos. D.Good
man. Chicago. Office. 356 Dearborn Street, Chicago.—V. 66, p. 1188.
further extensions and
Trust Co. of Chicago and
improvements.
Net earnings
Otcer iucome
$381,244
3,772
$333,568
3,446
T dal income
$385,016
$337 014
425,072
395,139
Fixed charges,
held by
not including interest on notes
Railway lo
Balance
def.$40,0r 5 def $58 125
—
Officers—President, Redmond D. Stephens; Vice-Pres., Chas. A.
Boston; Seo’y andTreas’r, William V. Griffin, 1117 Merchants’ Loan A
Tr. Bldg., Chicago.-V. 80, p. 472, 1171; V. 82, p. 27 7, 1437; V. 84,
I>.
*218,
Elevated.
METROPOLITAN WEST SIDE ELEVATED
RAILWAY—An electric road.
Organization—Organized in Illinois Jan. 16, 1899. Successor on
Feb. 3,1899 (per plan in V. 67, p. 126) to the Railroad Co. sold under
foreclosure on Jau. 4. 1899. Company in July, 1 05, refused to
accept city ordinance permitting It to carrv express matter and milk.
V. 81, p. 508.
Franchise expires April 7, 1942.
LOOP ROAD. —See Union
Date.
Stock & Bonds—
Com. stock, $7,500,000
Pr^;S»°:.i;0n:?:imi>
w
.
l8nnm’
uuu),
.Eia non non
°
Interest.Outstand'g.
..$7,464,200
Maturity, etc.
Q-Mjo 8,708,000 Mar jo.’07,*4%
1898 4 g. F A
9,999.999
Aug. 1, 1933
Cent. Trust Co., N. Y., ami G. Sherman, trus.
Int. at Central Trust, N. Y. and Chicago.
1st M. Ext. $5,000,000) 1901
July 1,1938
4 g. J-J 3,175,000
($1,000) gold, red. at [Northern Trust Co., Chicago, trustee. Int.
105 on any interest day |
at company’s office iu Chicago, or Central
gold
c
1
^
on 4 weeks notice.
0* J
Trust Co., N. Y.
The title to the common stooK was vested
for five years In a voting
expired Feb. 1. 1904
V. 78. p. 343
The new extension mtge. of 1901 covers the extensions as a tirst lien,
also 68 cars, a 3,500 R. P. engine aud the new down-town terminal;
the bonds also cover the rest of the oroperty as a second lieu, sub¬
trust, but tills
ject to the -10,000,000 Let mtge. V. 72. p. 1080; V 75,
Amount issued on present extensions, $3,175,000; reserved for
p.
29.
future
extensions, $1,825,000.
April. 1904, company borrowed $1,100,000 for is months at 5
oeut, secured by deposit of some of the rematnlug extens on bonds,
proceeds to he usen for .ew equipment.
On >ot. 1. 1905. took up
$300,000 of the loan and renewed the remaining $600,000, whion
was secured bv deposit of $1, >00.000 extension tmg->
bonds. In
April, 1906. paid off *11 additional $200,000, aud on Oct. 1.1 *06 $200,000 more, reducing the amount to $400,000.
Bee V 8 , p 805; V 83,
p. 818
In Oct. 1906 negotiated a new loan for $600 OoO and took up
the remainder of the old loau. The new loan, whn h ts secured by
$900,000 extrusion bonds, is at 5 p. o. tut. and expires $50,000 semi¬
annually beginning April 1, 1907.
,
Has guaranteed $407,000 bonds of Union Consolidated Elevated.
In March. 1900. the New Vork Stock Exchange listed the 1st mtge
V. 70. p. 737
bonds aud the common and preferred stock.
Lai est Earn’NQs —For 12 months ending Deo. 31, 1906, gross, $2,493, >69 against $J,267, 933 iu 190S
REPORT -For tlsoal years ending February 28:
1906.
1905.
1904.
Iu
per
the
Passengers carried
Passenger earnings
Miscellaneous earnings
Gross earnings
Operating expenses
Net earnings
Other income
Total
46,186,753
$2,080,917
72,600
$2,452,327:
$2,153,597
Rentals
1,042,338
1,057.316
$1,279,897
L2.636
$1,096,281
5,554
$1,104.^16
6,030
$1,292,533
$1,101,*35
$1,110,846
$259,325
154.791
555,785
$243,096
126.641
490,670
$239 509
139,533
474,353
41,350
sur.$322,632 sur.$24l,425
*ur.$216,101
Miscellaneous
Balance
41.372,338
$.,065,701
81,453
$2,147,154
1,172,430
Deduct—
Taxes
Interest
41,694,788
$2,360,257
92,070
Dividends.—First div. on pref. stock, 2*« per cent, Feb. 28, 1900 (out
of earnings for fiscal year endiug Feb. 26, 1900), and 2 o e. Aug. 31,
1900. out of earnings for fiscal year ending Feb. 28. 1901 and l1®
1901; Aug U. 1901, 2 p. 0.; Feb. 28. 1902. 1 p 0 : Aug. 30,
Fen 28. 1903. \ Hi p. ©.; in 1907. March 30. % p ©.
ROAD—From Terminal Btatton at 5th Ave. westerly anoui >*® miles
with branches; total leugth of road (Including Douglas Park branch,
opened June, 1902, and Gartlold Park Branch completed 8ept. 1,
p. e.
Feb
,
1902, l»o p. 0.;
24
STREET RAILWAYS
1902.) 17*38 miles; the first 1*67 miles are four tracks, the rest two
tracks, making single track miles 38*1ft: also leases the Union Elevated,
0*38 miles, the Union Consolidated Elevated Railroad. 4 miles, and
leases 8*3 m. from Aur. Etg. A Chic. RR., making total operated 49*13
miles of track. An extension of one and one half miles is proposed.
Has joint lease with other elevated roads of the Union
Ele
vated or “Loop Line.”
Road began using loop in October, 1897. The
road is operated by electricity. See V. 58, p. 866.
Right of way is
owned in fee and mortgaged to secure the bonds; Feb. 28,1906, had 418
cars.
Gauge, 4 ft. 8^ in. On March 11,1905, the oars of the Aurora
Elgin A Chicago Ry. began operating over this company’s lines to the
5th Ave. terminal under a traffic agreement, the Met. West Side, in
turn, securing the right to the territory west of the 52d Ave. terminal
on the Garfield Park line as far as the Des Plaines River, about 3*3
miles double track, equal to 6*6 miles single track, and making total
track of Metropolitan West Side 49*13 miles. V. 79, p. 1704.
OFFICERS—Pres", Howard G faetzler; Vice-Pres., Chas. H. Re Qua;
Sec. and Treas., Paul D. Sexton; Asst. See. and Asst. Treas., W. F. Holtz;
Auditor, T. B. MaoRae. Office, 169 Jackson Boulevard, Chicago.V. 82. p. 805. 865. 868, 1157 ; V. 83, p. 323, 818; V. 84. p. 220.
NORTHWESTERN ELEVATED RROrqanization—Road was formally opened for business on May 31,
1900. V. 70, p. 1049.
In 8ept, 1901, the Union Elevated RR. was acquired. The new
mortgage for $25,000,000 was authorized for this purpose and for re¬
funding the 5 p. c. bonds. Authorized capital stock was increased to
$25,000,000. to provide for the convertible feature of the new bonds.
An additional $3,000,000 of these bonds was issued in Aug. 1906 to
provide for the Ravenswood extension, and authorized amount of pre
ferred stock was increased to $25,000,000. see V. 83, p. 436.
STOCK and Bonds—
Date. Interest. Outstanding.
Maturity.
Stock, $5,000,000
$5,000,000
Pf.stock,5p.c.,$25,000,000.
non-cum.
5,000,000
First refunding mortgage ) 1901 4g M-S
16,000,000 Sept 1,1911,
$25,000,000, conv. (gold) >Interest at Illinois Trust & Savings Bank,
($1,000, $5,000,$10,000) >
Chicago, trustee. orBiair & Co.. N. Y.
Bonds.—Of the new $25,000,000 M., present issue is $17,000,000. of
which $1,000,000 remain in the treasury available for improvem’ts,&o.,
Thenew bonds are convertible at the option of the holder into preferred
stock, and can be redeemed at any time at tbe option of the company
at 1021e and accrued interest on or after Sept. 1, 1906.
If called
for redemption, the holder will have the right even then to take pre¬
ferred stock in lieu of cash. V. 72, p. 1081.
Toting Trust.—Both the common and preferred stocks have been de¬
posited with the Illinois Trust & Savings Bank, depositary, under
voting trust agreement, vesting control of the company in the hands
of the voting trustees, consisting of John J. Mitchell, Marshall Field
and James A. Blair, until March 1, 1906. or until dividends shall have
been paid for three oonseoutive years on such stock.
Latest Earnings—For 12 months ending Dec. 31,1906, gross, $1,-
515,361 against $1,411,927 in 1905.
Report—For years ending June 30 (including Union Elevated) see
V. 83, p.816.
Tear.
1906
1905
Gross.
V>(.
$1,948,727
$1,243,154
Charges.
Surplus.
$962,636
$280,498
1,786,414
1,169,786
952,627
217,159
Road—The road starts at the intersection of Wilson and Evanston
avenues, seven miles from the Court House, and has 5*52 miles of four-
track, making 28 miles single-track. Right of way is all owned in tee
except at street crossings. An extension of 3 »* miles of double track
to Ravenswood is under construction; expected to be completed in
summer
of 1907.
OFFICERS—President, Clarence Buckingham; Vice-President, Walter
B. Smith; Sec. and Treas., W. V. Griffin. Directors.—Clarence Bucking
ham, J. L. Cochran, W. V. Griffin, Chauncey Keep. Charles F. Ayer,
Walter B. Smith, W. W. Miller, John B. Dennis, of Blair & Co. and C.
Ledyard Blair—V. 81, p.976, V. 82, p. 510, 1439 ; V. 83, p. 436, 562,
688,816.
(1)
UNION ELEVATED RAILROAD.—
Is used by all the Chicago elevated roads, and receives one-half cent
for each passenger carried, besides all expenses for operating, repairs
and taxes.
Date. Interest.
BONDS—
Oulstand'g.
Maturity.
1st M.,$5,000,000,g. $1,000 1895 5g. A-O $4,624,000 Oct. 1, 1945
Interest at Chase Nat Bank, N. Y., and Ill. Trust & Sav. Bank, Chic.
Road—The loop is 1*98 miles in length, double tracked (80-lb. rails),
Lake St. to Wabash Ave., to Van Buren St., to Fifth Ave.,
to Lake St. Road opened Oct. 10,1897.
Trains of the Chicago A Oak
Park, Metropolitan West Side, Northwestern Elevated RR. and South
ana runs on
Side operate
over
the loop.
SOUTH
CHICAGO CITY RAILWAY CO.ORQANIZATION—Incorporated May 31, 1883. Operates two lines
from Jackson Park to 106th Street and the Indiana State Line along
the Lake Shore and both sides of the Calumet River.
Hammond
Whiting A East Chicago Elec. Ry. is controlled in same interest.
Date. Interest. Outstand'g.
Stock <fc Bonds—
Maturity.
Stock ($2,000,000 auth.)
$1,844,800
50,000 July 1,1910
Mortgage, currency
1890 5 J-J
1893 5 g.A-O
1stmort.$5,000,000,gold)
1,754,000 Apr. 1,1913
$l,000c*
J Int. at Illinois Tr. A Sav. Bk., Trustee, Chlo.
Road—Owns 34 miles of track in Chicago and controls tne Grand
Crossing A Windsor Park RR. Co.. 3 miles; total 37 miles. Ralls
75 and 85 lbs.
Op-rated in connection with the Hammond Whiting
A E. C. Electric, gives a line to Whiting and East Chicago, and makes
a direct route of 14 miles from 63d St. and Madison
Ave., Chicago,
to Hammond. Ind.
[VOL. LXXXIV,
pellate Court sustained the validity of the foreclosure (V. 71,
and
69, p.1063.
below.
V. 79. p.
in
reorganization of th
The latter company is still in the hands o
Edward F. Bryant, as receiver although the property has been deede<
to the Southern Street Railway Co., subject, however, to the llabtlitie
of the General Co. and the foreclosure proceedings, which will b
as a
Chicago Gene al Ry.
carried through.
STOCK (Sb Bonds—
Date.
Interest.
Outstand'g.
$80').000
Stock. $6<>0,<>00. $ 00
New nutge. $800,000 ($50, /
Ry. <-*en. M.,)
$3,000,000, g. Red. aft. i
Gen.
,OB.
MJ395
)
1st
Maturity
1904
800.000 J’ly 1,191!
5g. J-J
( Int. at Amer Tr.<fc Sav. Bk.,Chic.,Trustee
$100,$500Ar$l,000),g.c*
,
„
„
,
,
.
.0_
hi3*’??0 *Nov-l* 193
Mer.L. A I r. Co., Chicago, Trustee.
16 1892 <>/. F A
290.000 Aug. 1, 191:
mort. gold
( Northern Trust Co. of Chicago, Trustee.
Jiwnis -The Southern 8t. Ry. Co. bonds are subject to call on or afte
July 1, 1909, at 10*> and int.
Road—Owns 21 miles of track; extends from Wabash Ave. to 40t]
Ave. on 22d Ht., also on 25th St.. Lawndale Ave., Kedzie
Ave., Homan
/
Ave. and
Throop Ht. Operates 20 cars.
OFFICERS.—President. T. J. Nb boll; Secretary, Franklin M. Nicholl
—V. »0, p. 1059.
SOUTH
A
f !• I
4
A
SIDE
it
sj.
1
ELEVATED
,4
tilt,
u.i
1
xi
RR.—(“ALLEY
ELE
.i,
at 105 and Interest.
Dividends.—First dividend of 1 per cent (out of earnings for four
months ending April 30,1899) was paid May 1,1899; then Sept. 1,
1 per cent; Deo. 30,1 per cent. In 1900,3 p. c. In 1901, 3Lj p. o. In
1902, 4 p. o. In 1903,4 p. o. In 1904. 4 p.o. In 1905, 4 p. o. In 1906,
4 p. o.
Annual Report—For years ending Dec. 31, V. 84, p. 336.
19Q5.
1906.
1906.
1905.
Grossreo*t8.$l,788,975 $1,713,343
$547,956 $625,613
Surplus
Dividends
409,177 409.165
660.385 Bal. for year... 138,779 217,470
Interest....
33,750
33,750
Road—^Owns elevated road in operation in Chicago upon a purchased
right of way from Congress Street to Jackson Park, 8*56 miles of
double and triple track; total single track, 19*44 miles. Operation
of trains over tne “ Loop ” (Union Elevated) began October 18, 1897.
Electrloity was introduced as motive power late in April. 1898. Oper¬
ates 290 motor and 30 trail oars
An extension to Englewood and the
Stock Yards is under construction, and is partly completed. Also
Net,
after
581,*706
taxes
leases Chioago Junotlon R.R., which see b*low.
OFFICERS—President, Marcellus Hopkins; Vice-Pres., E. C. Nichols;
Secretary and Treasurer, Horace F. Hardy. Office, 47 Congress St.,
Chicago.—V. 82, p. 278,1041; V. 84, p. 159, 272, 336.
(i)
CHICAG G JUNCTION R R.
Organization—Organized in the interest of the South 8ide Ele¬
vated R.R to build lines to connect that company’s track with the
Stock Yards. Only a nominal amount of stock has been Issued ($50,000) which Is held in trust for the South Side Elevated in case that
company should at any time wish to absorb it. Is leased to the South
Side Elevated for 50 years, rental being interest on bonds, taxes, etc.
Franchises are without limit.
Maturity.
Date. Interest.
< utstanding.
Stock & BONDS—
Stock
See text
1st M.. $2,327,000, g., ) 1905
4g. M.-S.
$1,800,000 Mar. 1. 1945
($1,000) ,gu.p.&i...o*) First Trust A Sav. Bank, Chisago, Trustee.
Bonds—A re. subject to call ou and after March 1,1910, at 105 and
interest. In event of consolidation with South Side Elevated, this
issue of bond* is to be retired. V. 80, p. 871.
Bonds are guaranteed,
principal and interest, by Cbio. Juno. Rys. A Union Stock Yards Co.
See V. 82, p. 568. They w*re offered for sale in Marob, 1905, by N.JW.
Harris A Co..New York and
Chicago.
Roaq—Has under construction an elevated road to the Stock Yards
and a loop around the same 3 75 miles^ which is expected to be com¬
pleted In the fall of 1907.
OFFICERS—President, John A. Spoor; Vice-President, Richard Fitigerald; Secretary, James Miles; Treasurer, C. D. Moyer; Auditor, C.
U. Chace - V. 80, p. 871. V. 82, p, 568.
SUBURBAN RAILROAD-A trolley road.
Organization—Incorporated under law of Illinois May, 1395.
Receiver—On July 30,1902, L. 8. Owsley was appointed receiver,
interest on the bonds being in default. V. 75, p. 241.
STOCK & BONDS—
Date.
Interest
Outstand'g.
Maturity.
$1,250,000
Stock, $1,250,000....
1 at M.,$d,uuo,uou,
M srr OOO OOO f?nld
1st
goia.
J 1896
5g. M-S
1,250,000 Mar. 2,1916
j chioago Title & Trust Co.. Trustee
Of the $3,000,000 bonds authorized, $1,250,000 were Issued to build
tbe road owned and to equip a portion of the leased lines with trolley.
The remainder may be issued for extensions built and equipped at
$50,000 per mile for double and $30,000 per mile of single tracx.
Road—Owns 29 8 miles of traok, extending from terminus of Cbic.
Metropolitan Elevated at 48th
Street, through city of Chioago, Cicero, Grossdale, La Grange, etc.
Leases from the Chioago Terminal Transfer RR. (for 50 years) the
Chicago A Southwestern road to Harlem race traok, Austin, Ridgeland, Oak Park, etc., 10 miles of track. Also operates \ of a mile of
A Oak Park Elev. at 52d Street and
do ible traok of the Chicago Riverside & La Grange RR. Total track
operated, 32*3 miles, all trolley exoept C. A 8. W. tracks along West
16tb and 19tl) sts.
OFFICERS—President, F. H. Roesohlaub ; Vice-Pres., W. G. Adams;
Supt., J. Whltsell.—V. 75, p. 241.
Seo. and Treas., G. M Maher;
UNION CONSOLIDATED ELEVATED RYORGANIZATION—Formed in 1896 and built from Union Elevated at
5th Ave. west to Market St.; thence to the Metropolitan W. 8. El.; total
is mile of track; is operated by the Metropolitan West Side El. Fran¬
chise exp* res Oct. 7, 1945.
Int.
STOCK & Bonds—
Date.
Outstand'g.
Maturity.
Stock
$1,000,000
Series “A” 1st mort., gold,) 1896
5 g M-N
407,000
Nov. 1, 1936
gu. p. A1. by Met. W.S.E1.) G. Sherman, V.-P’t, Cen.Tr.Co.,N. Y
Trus.
Mortgage $1,000,000, of which $500,000 series A. V. 63, p. 1065.
Officers.—President, Wm. G. Adams; Vice-Prest., Clarence A.
Knight; Sec. A Treas., W. V. Griffin.
CHICO,
CAL.
NORTH ERN ELECTRIC CO.-A trolley roa.l
Organization— Incorporated in Nevada. V. 82, p.'1213. Has con¬
tract with California Ga» A Electric Corp. allowing its cars to enter
sacramento. In 1906 franchises were said to be for not less than 50
years.
Stock & Bonds—
Date.
Interest.
OutHtnnd'g.
Maturity.
Stock $6,000,000
$1,000,000
1st mort. $6,000,000 g., < 1905 5 g. A-O
1,453.000 Oct. 1, 1955
($1,000) h. r
( Int. atMercan. Tr. Co., San Fran.. Trustee.
Bonds—Are
bonds
can
subject to call beginning April 1, 1914, at 110. Further
only be Issued for actual cost and no more than $29,441
mile in any event.
Road—Is to operate 194 miles of high-speed eleetrio road from Red
Bluff, Cal., via Chico, Oroville. Yuba City and Marysville to Sacra¬
mento, with branches to Colusa. Meridian and Orland. Is completed
between Chico, Oroville and Yuba City, 65 miles. Is reconstructing
lines in Marysville.
Is expected to be completed between Chico and
Sacramento In ln07.
Standard gauge. 60 lb. T rail
Officers—Fre«t., Henry A. Butlers, San Franoiseo; Seo’y., DavidS.
Edwards, Han Francisco. V. 82. p 12i3.
per
CINCINNATI, OHIO.
CINCINNATI & COLUMBUS TRACTION CO.
A trolley road.
Organiza * ion—Incorporated on January 21,1903. Franchises ezpire in 1930.
-
Organization—Successor January, 1897, to Chicago & South Hide
63, p. 1158). July 31, 1900, the Ap¬
R. T. RR. (foreclosed per clan V.
The bond* were sold, $3,000,000 for delivery
734.
August 1904; $2,500,000 May 1,1905: $1,500,000 May 1,1906, and
$500,000 in January, 1907. V. 84, p. 159.
STOCK & BONDS—
Date. Interest. Outstanding.
Maturity.
Stock, $10,323,800
Q-M
$10,323,800 Dec. ?/,’06.1%
1st
mort., $3,000,000, > 1904 4i*g.J-J
7,500,000
July 1,1924
gold ($1,000)
c* 5 lot. at HI. Tr. & Sav. Bank, Ohio., Trustee.
Bonds.—'The new bonds are subject to call on or after Jan. 1,1910,
SOUTHERN STREET RY. CO-A trolley road
Organization—Incorporated in Illinois
10 yrs. at 105
W.
A
H.
Towns,
236),
1902. that deoislon was concurred in by the State
Supreme Court. V. 74, p. 477. Franchise expires March 26, 1938.
Leases the Chioago Junction R.R., which see below.
Stockholders voted on April 7,1904, to increase the capital stock to
$17,550,500, to provide for extensions, but subsequently ( V. 79, p.
681) rescinded tbe action and made tbe new mortgage given in table
,
Officers—Pres., D. F. Cameron; Vice-Pres., D. M. Cummings; Sec.
and Treas., O. S. Gaither; Gen. Mgr., Geo. R. Folds —V. 67, p. 1002; V.
Chi
p.
Feb. 21,
on
Bonds
Stock &
Common,
Date. Interest.
-
$1 250,000, $100
Last Div.
Outstand’g.
$979,500
9 <>5,500
600,000 Jnly 1, 1909
Bk <fcTr. Co.,Cin.. True.
$1,250,000, $100
Notes, $600,000
\ IntatUmSav’.
ROAD—Operate 53 3 miles of track betweeu Cincinnati and Hillsboro,
putin complete operation in Feb., 1906. Standard gauge, 70-lb. T
Pf. 5% cum.
rail.
Officers—President, H. H. Hoffman; Vice-Pres., Lewis Seasongood;
Henry Burkhold; Asst. Seo.. J. R. McLain; Treasurer,
Casper H. Rowe; Supt., Dan Reidel jr.—V. 76, p. 971; V. 80, p. 1234.
2d Vlce-Prest.,
CINCINNATI NORTHERN TRACTION CO.
Controlled by the Elkins-Widener syndicate, which also controls the
Ohio Traction Co. and other traotion properties.
Organization. -Incorporated in Ohio on Jan. 24,1905, and on May 1,
1905, leased the Cincinnati Dayton & Toledo Traotion Co. for the length
of its franchise and all renewals thereof. The unissued com. stock ($1,500,000) and bonds ($1,500,000) of the C D AT. were turned over to the
lessee, which agreed to spend $1,500,000 for improvements to the prop¬
erty within the next two years. The lessee also is to pay all tixed
charges, including interest on the $ l ,500,000 bonds held by it, and in
addition it agrees to pay $25,000 the first year, *37,500 the seoond
year, $50,000 the 3rd year, $50,000 the 4th year, $62,500 the 5th year,
$75,000 the 6th year, $*<7,500 the 7th year, $100,000 the 8th year, and
an additional $12,500 per year when the annual gross earnings of the
lessee from operation shall amount to $1,200,000, and increasing at
the rat' of $ 12,500 per year with ea'ffi $100,000 of inorease in gross
earnings, until the amount to be paid is $200,000; also $2,000 per
office expenses. Stockholders of the C.
assessment of $5 a share on their stock
to provide for ftoa ing debt, but as this was not oomplied with by all,
an issue of $250,000 of 5 p. o. pref. stook was made.
See plan in full
in V. 80, p. 116, 472, 599.
for organization and
D. A T. were asked to pay an
annum
Date.
STOCK &. Bonds—
8tock, $500,000
Maturity.
Interest. Outstanding.
$500,000
Officers—Pres., W. Kesley Sehoepf; 1st Vioe-Pres., J. B. Foraker
Jr.; Vice-Pres, in charge of opert’g; Norman Me. D. Crawford; VicePrest. in charge of traffic, D. G. Edwards Bee., S. C. Cooper; Ass’t
Sec. A Comptroller, W. H. MacAllster; Treas.. A. L. Kasemeier; Asst
Treas., 8. J. King; Gen. Mgr., F. J. J. Sloat.—V. 80, p. 472, 599, V. 83,
p. 36.
(1) CINCINNATI DAYTON & TOLEDO TRACTION CO.—Trolley.
the Cincinnati Northern Traction Co., which see above.
Organization—Incorporated in Ohio on May 19,1902, and is a con¬
solidation of the Southern Ohio Traotion Co., the Cincinnati & North¬
western Ry., the Miamlsbnrg & Germantown Traotion Co. and the
Hamilton & Lindenwald Elec. Trans Co. V. 74. p. 884, 1037. Fran¬
chises are for 25 and 50 years. An issue of $250.00J preferred stock
was made in April, 1905, to take up floating debt. V. 80, p. 1362, 1478,
Is leased to
1728.
On Nov. 3, 1902,
See V. 75, p. 1033.
made contraot with the Traction Terminal Co.
STOCK & Bonds—
Interest
Date.
Outstand'g.
Maturity.
I-J.. $5,000,000
See text
J-J
250,000
See text
ftg.J-J.
2,700,000 July 1,’22
M..$5,000,000, g.($l,000)*c ) Int. at Cleveland Trust Co., Trustee.
Common.
$5,000,000 ($100)
Prer., $250,000.5% cum
—
Cin. Day. & Tol. 1st cons. ) 1902
Southern Ohio Trac. 1st cons.
Elec. Transit IstM. s. t
'
$2,000,000 ($1,000), gold, c\ 1900 5 g. M-N
1,350,000 May 1,’20
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y
400,000 Apr. 1,1918
Cin. AHam. Elec.lst g.($500) ) 1898 6 g. JAJ
$500,000. not subject to call, s Int. at Cit. Sav.ATr.Oo., Cleve., trustee.
250,000
July 1, 1916
Dayton Traction 1st M. '1896 5g. J-J
g. ($1,000), int. guar..o* : Int. at Finance Co. of Penn., Phila., trustee
Hamilton A Lindenwald 1901,
5g. J-D
250,000
Deo. 1, 1911
g. ($1,000), c*
& Germ. 1st, guar.,
$250,000
Mi am.
($50,000)
g.
($1.000).o'
Interest at Cleveland Trust Co., trustee.
1901
5 g.
,1-D
Deo. 1, 1911
50,000
Interest at rincinnati Trust no.. Trustee.
Ronds.-None of the issues are subject to call. Of the $5,000,000
Ctn. Day. <fe Tol. Trac. issue $2,300,000 is reserved to retire prior liens.
^00 y ^ p j
Of tiie $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Cin. A Ham. Electric bonds and Dayton Tractiou bonds. Issue
listed on Philadelphia Stook Exchange.
The Ham. A Lind. Elec. Tran, bonds cannot be called before ma¬
<
turity; a sinking fund, however, is provided, beginning with Deo. 1,
1906. of 5%, and increasing by 1 p.o additional each year until 1911.
Dividends— Five per cent, per annum is paid on the pref. stock. On
common dividends are being pain in accordance with terms of lease.
Earnings—For fiscal year ending May 31, 1905: Gross, $506,901;
in 1904, gross,
$502,990; net, $201,202; fixed chgs., $195,180; surp.,
$6,022.
ROAD—Owns 83*93 milesoftraok (including seoond track and sidings),
connecting Cincinnati witli Daytou. Obtains entrance into Cincin¬
nati to Spring Grove Ave. at Linden St. overthe Ctn. Northwestern Di¬
vision. Later will enter the city over the tracks to be built by the
Traotion Tormtnal Co.
OFFICERS—President, George B
Cox, Cincinnati; Vice Prest., C. C.
Richardson; Vice-Pros., J. B. Foraker
Williams; Gen. Counsel, W. C. Shepherd
CINCINNATI
Jr.; Seo. and Treas., F.
R.
—V. 81, p. 154.
GEORGETOWN
&
PORTS
MOUTH RR.-Steam and eleotrio.
Organization.—Formerly a narrow-gauge steam road, but In Oct.,
1901, was purchased by A. W. Comstock of Detroit, andiul902okanged
to standard-gauge.
Now operates by both electricity and steam.
Under Ohio law. remains a steam road. Franchises perpetual
STOCK & Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $l,500,0u0
1.500,000
$1,000,000) 1902
1,000,000
5 g. J.-J.
Jan. 1, 1932
gold ($1,000)
o* S Int. atUnionTr <fc3av.Bk.,Cinoin.,Tr.,A in N.Y.
Earnings--For year ending Jane 30, 1906, gross, $173,713; in
1st mtge.,
1905, gross,
$157,366.
Road.—Oporutes 60 miles from Cincinnati southeasterly to Russell
vllle, Including branohes of 3 miles to Batavia end 4 miles to Coney
Island.
An
extension of
16 miles to West, Union Is building,
of which 4 miles to Eagle Creek has been completed. Remainder is
expected to be oompleted during 1907. The FelicityBethel, which
is controlled in the same interest, operates 9 miles of track between
25 electric passenger coaches, 5
cars and 3 looomotlvf s.
OFFICERSPres.. A. W. Comstock; Vlce-Pres , W. K. Todd; 8eo., A O.
Herzog; Treas. and Gen. Mgr., K. W. White.—V. 75, p. 184, 665, 1253;
the points named in its title.
Has
steam passenger coaches, 50 freight
V. 83. p
322.
FELICITY & BETHEL RR.
Orqanizati jn —Incorporated in Ohio in 1904, and is owned in
the
interest of the Cincinnati Georgetown & Portsmouth.
Stacks & Bonos Date. Interest. Outstanding. Maturity.
Stock. $165,Oi.O, $10".
$i O.Ooo
1st mortgage, $100,000, g. s 1005.
5 g. A.O
100,000 Oct 1,1935
o' ) Int. at Union Trust Co., Oiueiu.. Trustee.
($1000)
Bonds. — Are not subject to call.
Rcud -Operates 9 miles of truck betweeu Felicity and Bethel,
standard gauge, 60 lb. J ratls.
Is operated by electricity for passeugers and by steam for freight.
Officers —Pres, ami Gen. Mgr., A. W. Comstock; See’y and Treas.,
J. O. Ginnings.
'
■ <•
25
STREET RAILWAYS.
Feb., 1907.]
CINCINNATI LAURENCEBURG & AURO¬
RA ELECTRIC
STREET RR-A trolley road.
Organization—Incorporated In Nov.,1898. The Union Savings Bank
A Trust Co. of Cincinnati sold $750,000 of the bonds In Jan., 1901,
and an advertisement stated that no dividends would be deolared
on the stock for live years, so as to create a surplus fund available
for betterments and extensions. See V. 72, p. 3 36. In May, 1904,
oapltal stock was increased from $750,000 to $1,000,000 by the issu¬
ance of $250,000 6 p. c. cumulative pref. stook, the proceeds being
used for betterments. Franchises expire in 1924 and 1925.
Date. Interest. Outstanding. Maturity.
STOCKS db Bonds—
$750,000
Common, $750,000
Pref.,6p.o.,cum.,$250,000
QJ
250.000 Oct.,’06,1,4
1st mortgage.. $750,000 >
1899
5 g. J-J
750,000 July 1,1919
) Int. atUn. Sav. Bk. & Tr. Co., Cinn., trustee.
($1,000), gold
Dividends—Six per cent per annum is paid on preferred stook.
Ea^N»NGS—For oalendar year 1905, $132,573; in 1904. $117,143.
ROAD.—Operates 38 miles of track from Anderson’s Ferry, at Cin¬
I,1905
Laurenoeburg.
DIRECTORS—J. c. Hooven, President, of Hamilton, O., C. E. Hooven,
A. B. Vorheis, J. G. Schmldlapp and Stanley Shafer; Treas. and Gen.
Manager, C. E. Hooven, Cincinnati.—V. 78, p. 2011, 2383.
cinnati to Aurora, Harrison and
CINCINNATI
MILFORD
CO.
&
LOVELAND
TRACTION
Organization.—Incorporated in Ohio in Sept., 1902. and purchased
franchises and rights of the Cincinnati Milford «fe Eastern Traction Co.
Date.
Interest. OiiMan^'a, Maturity.
STOCK AND Bonds—
Com $1,000,000 ($100)
$1,0( 0.0 30
Pref. $650,000 5% ruin...
64^.425
1st mort., $500,000, g. > 1905
5 g. JAJ
375,000 inly 1, 1925
Cm.,trustee.
($500)
o* ) Int. at Prov. Sav. B’k &
Bonds.—Are subject to eall at any time at 110. See V. 81, p 264.
Tr.’Co.,
Road.-Will operate 41 miles of track from Cincinnati to Loveland
and from Cincinnati to Blanebester. Gauge. 5 ft. 2 in : 70-lb rails.
The line to Milford and Blanchester, 22mi’es, Is now in operation.
Euters Cincinnati over the tra-ks of the Cincinnati Traotion Co.
Officers-—Presideni B. H. Kroger; Vioe-Pres.. Thorne Baker; 860J. Nevin Robert-*; Treasurer, Leo J. Van Lahr.—V. 77, p. 250;
V. 80, p. 2343; V. 81, p. 264.
rotary,
INTERURBAN
RY.
&
TERMINAL
CO.-A
trolley road.
Organization.—Incorporated in Ohio on Nov. 3,1902. and is a con¬
solidation of the Cincinnati & Eastern Eleotrio Ry., the Rapid Railway
Co. and the Suburban Traction Co. All bonded debt of those companies
has been retired. In August 19C6, the Cincinnati A Eastern Division
was leased to the newly-formed Union Gas A Electric Co.
V. 83, p.
562.
Outstand’g Maturity.
$2,500,000
1st mortgage, $2,500,000,)
1903 5g. Q-J 2.500,000 Jan. 1, 1923
g.($l,000and$500).cAr s Int. at Cincinnati Trust Co . Trustee.
STOCK & Bonds—
Date.
took, $2,500,000 ($100).,..
Interest.
fund and bonds are not subject to oall.
Road-Comprises 22 miles of track between Cincinnati and’ New
fUch mond, 33 miles between Cincinnati and Lebanon and 28 miles
from
neinnatl to Bethel. This latter section was leased in Aug.
1906 to the Union Gas A Electric Co. of Cincinnati. Gauge, 5 ft. 2*9
in. Also owns terminal statu* * on Sycamore St.. Cincinnati. Cars
enter Cincinnati over the rra( k • *»f the Cincinnati Traction Co. 70-lb.
and 97-lb. T rail
Total track l»U*4 miles; all operated. A line from
South Lebanon to Morrow, 5 miles, is being built by interests Identified
Bond*—No sinking
with this company.
Officers—Pres., Obas H, Davis; Vice Pres , Lee H. Brooks;
M. Kennedy.—V. 79, p 2456; V. 82, p. 562.
J.M. Hutton; Treas., J.
OHIO TRACTK N CO
Sec.,
-
OrganizaTION.—Incorpoi ed In Ohio on May 22, 1905, and owns
praotieally the eutire capital stock of the Cincinnati Traction Co., the
Cincinnati Zoological Co. an_ ’he Traction Building Co , besides onehalf the stock of the Traction Terminal Co and a large it te-mst in the
common and preferred stook or the Cincinnati Dayton A Toledo Traotiou Co. On July 6, 1905. lease of the Ctn. A Han.ilton Tract Co was
assigned to this company by the Cin. Internrban Co. and the latter
company placed In liquidation.
STOCK.
Common,
-
$10,000,000 ($100)
Last Div.
*.500,000 Feb.'07.1
Date. Interest. Outstanding.
Pref., $10,000,000
oum
0- F
Slock.- Further issues of stock can only be
$7,.*00,000
made f
>r
acquirem ent of
properties and additions to the present properties.
Dividends.— First dividend on pref. stock—m p. o —was paid Aug.,
and 1M p. o. was again paid Feb. 1, May 1. Aug. 1 and Nov. 1,
other
1906.
In 1907. Feb., l»a p. o.
Earnings.—President \V. Kesley Sjhoepf in a letter to Irwin, Ballman A Co. of Cincinnati, who offered some of the pref. stock ia May,
1905, stated that the actual net earnings of the oombiued proposes
for year ending Deo. 31, 1904, had been $540,23$.
—President W. Kesl-y Sehoepf; 1st Vioe-Pres . C. P. Taft;
J B Foraker Jr.; 3rd Vice Pres., Dana Stevens;
8ec’y. 8. C. Cooper; Comp , W. H. MacAllster; Treas., A. L. Kasemeier;
Gen. Mgr., J F. Heyward
,
Directors —p. a. B Wldener. Hugh J. MeGowau, W Kelley Sehoepf,
Briggs 8.Cuuniughatn, John Kilgour,Chas. P. Taft Win..*. Rowe, Louis
J. Hauek, Wm. Cooper Procter, Harry M. Levy. WTu. T. Irwin. Thomas
Dolan, Julius Fleischouaun and Randal Morgau—V. 8 , p. 669
OFFICERS
2nd Vice Pres
,
(1) THE CINCINNATI TRACTION CO.-
-
ORGANIZATION. -Incorporated in Ohio on Feb. 19, 1901, with an au¬
thorized capital stock of $2,000,000 (which, ail except 11 shares, is
owned by the Ohio Traotion Co.i, to take over under lease the Cin¬
cinnati Street Ry. Co. *ee V. 72, p. 391.
1905, gross, $2,111,121,
For calendar year 1904 gross earnings
$3,770,022. In 1903. $3,697,9*2. (n 1902 $3,559,685.
Road—The Ciun. St. Rwy. comprises 217*76 miles of track In the
city of Cincinnati, Ohio, extending also to adloiuiug suburbs. The
last cable line was converted to electricity In Juue, 1902. Gauge,
Report.—For 6 months ending Dee. 31.
agatust $1,955,499 ia 1904.
were
5 ft.. 2^in.
OFFICERS.-President. W. Ke.-ley Sehoepf; Chairman Executive Com¬
J. B. Foraker Jr.: ‘2d Vioe-Pres.,
mittee. W. Keslev Sehoepf: 1st V.-P.,
Dana Stevens; Vlce-Pres. in charge
of Traffic, D. G. Edwards; Gen.
8oo.,S C. Cooper, Pureh. Agcut. C. Burekuiyer;
Claim Agent.'J. II Sehoepf; Treas., A. L. Kasemeier. AsOc Treas.;
S. J
King; Comp, aud Ass’t S c’y, W. H. MacAllster. Aud’r. O. F.
Callaway; Gen. Supt.. Robe E Lee —V. 77, p. 510; V. 80. p. 996, 2219.
Mgr., J. F. Heyward;
(a) CINCINNATI STREET RAILWAY—Electric.
Was leased on Feb. 21, 1901, to the Cincinnati Traction Co. for the
nuexpired term of the franchise grauted by the city of Cincinnati on
Aug. 13,1896. and all successive renewals aud extensions of the same.
The rental Is intended to provide dividends of 51* per ceut for the first
year, 54» for the second, 5\ for the third and 6 per ceut for the fourth
year, and thereafter.
V. 72. p. 136. The Rogers law of April 22,
1896. under which franchise was granted, was lu Aug., 1902. declared
unconstitutional by Superior Court at Cincinnati, but decision partly
revised on rehearing. Appeal taken to State Supreme Court (V. 75, p.
393, 665). aud th*t Court on Feb. 28, 1905, reversed the lower Court
and upheld the constitutionality of the Rogers law.
V. 80, p. 996.
•
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April 28, 1903, the Superior Court at Cincinnati declared uncon¬
stitutional the curative Act passed in 1902 to strengthen the franchise
granted under the Rogers law. This case was appealed to the S'ate
Supreme Court, which upheld the constitutionality of the law. Fran¬
chises, it is claiino t b> company, mature April 22, 1946.
Organization.—Incorporated June 21, 1880, and in 1896 purchased
Mt. Adams A Eden Park and Mt. Auburn roads.
Oulstand'g Last div., &c.
STOCK & Bonos—
Par. Interest.
Stock ($20,000,0«.'0)
50
Q.-J.
$18,386,950
See text.
Mt. Auburn Cable Ry. >
1887 5 J D. 165,000
June, 1907
1st
assumed ..c* s Interest at Chemical Nat. Bank, N Y. City.
DIVIDENDS—To and including April, 1901, 5 p. o. per annum. July
1 and Oct. I, 1901, and Jan. 1, 1902, and April 1,1902, 1 3125% each,
July 1, 1902. Oot 1, 1902, Jan. 1, 1903, and April 1,1903.1-375%
each; July l and Oct. 1, 1903, and Jan. 1 and April 1,1904, each
1-4375 p. o.; July, 190 i. U2 p. c.; October, 1904, IHj p. 0. Dividends
since have been at the rate of 8 p. c. per annum under the lease.
OFFICERS—President, John Kilgour; Secretary and Treasurer, James
On
Collins.—V. 82, p. 452; V. 83, p. 1523.
Date. Interest.
Maturity.
Outstanding.
Elyr. <feO. eon..M.l
M. 1899 5gMA8
$127,000 Meh. 1,1919
ea.) > Interest at Cleveland Trust Co., trustee.
$ '00,000,g. ($1,000 ea.
h
)
Subject to call 1909.
r 1900 5g FAA
1.073,000 Aug. 1.1920
Stock & Bonds—
fin1
($1,000),
nnm
part of agreement between the Cincinnati
Traction Co. and the Cincinnati Dayton A Toledo Traction to build a
central depot at Cincinnati for electric lines entering that city and to
r ;
,
V. 75, p, 1033.
No construction yet.
V. 80, p. 2221.
(2) CINCINNATI & HAMILTON TRACTION.-A trolley road
Organization—Tbis company was organized in August, 1902, as a
consolidation of the Mill Creek Valley St. Ry, and the Hamilton,
Glendale A Cincinnati Traction. V. 75, p. 497. On Sept. 30, 1902,
was leased to the Cincinnati Interurban Co.
(V. 75, p. 906), but «>n
July 6, 1905, lease was assigned to the Ohio Traction Co , and the
Cincinnati Interurban Co. placed in liquidation. Renta), year begin
nlng October 1, 1902-03, *55,000; 1908-04, *60.500; 1904 05. $66.000; 1905 06, *‘1,500; 19C6-07 and 1907-08. $77,000; 19f»8 09 and
1909-10, $82,500; 1910-11, $88,000; 1911-12, $93,500; 1912-13 to
1914 15, $99,000; thereafter $100,000.
STOCK & Bonds—
Date. Interest. Out stand* g.
Lust. div.
8tock com.$1,100.000 ($100)
Q-J $1,100,000
See text.
8Tpkc.reunK.,l00,000(.$100! \
*—
Q-J
1,100,000
5% per year
5 p. o. per annum Is beiug paid on the preferred st>ok
The first dividend ou the common of Hi p. 0. was paid Jan l, 1904 and
Hi p. c. was again paid on April 1. July 1 and Oct 1,1904. In 1905.
1 p. c. In 1906 Jan., • 13 p. c. and will be l1^ quarterly until Oct.. 1907.
DivnPn
s.
Road—Owns and operates 3132 miles of track from the “Zoo” In
Cincinnati to Hamilton aud 15 miles from Cincinnati to Loekland.
Gauge, 5 ft. 2
inches. Operates over tracks of Cincinnati Traction
Co. from‘‘Zoo” 10 Fountain Square in Cincinnati.
OFFICERS.—President, H. H. Hodman; Vioe-Pres., B. L. Kilgour; Seo.
and Tieas., A J. Becht, all of Cincinnati.
V. 75, p. 290, 497,906.
CLEVELAND,
OHIO.
CLEVELAND ELECTRIC
RAIL WAY.—(Nee
map on page '40.1
Orgamzatio v—On July 1, 1903, acquired the Cleveland Cttv Ry
Co. and Increased Its capital stock from $13,000,000 to $23,400,000 to
provide for t.lm purchase. Cleveland City stock holders received 130
shares In the Cl veland Electric Ry. for each 100 shares of stock held.
V. 76, p. 1142
Universal transfers and 6 tickets for 25 cents followed
the consolidation (V.76, p 1142,1247), but the experiment resulted in
oonsideiaole losses, and March 22. 1904, arrangement was moulded.
V. 78, p. 1222.
Ou.-ec. 31, i 906, began experiment of selling 7 tick¬
ets for 2*> cents on all lines, with two transfers on all cross-town Hues.
V. 84. p. 101.
For decis on of U. 8. Supreme Court, deciding against
the city to llx fares, see V 78, p. 2334. For U 8. Su
decision as to expired franchises, see V. 84, p. 101. I11
May, 1905, Mayor Johnson of Clevcla- d proposed that the Cleve¬
land Electric be leased to a private company, the latter to be given
an option to buy the stock at *5,
Tills proposition was rejected by
the company. 8ee V. 8f>, p. 1970, 2343.
In Oct 1906.1 lie Cleveland Tran ways Co was incorporated with
$50,000 stock by interests identified with this company, presmn vbly
to bid for fra .< bisos in streets in which the parent company’s frail
chises have expired.
V. 84, p 102.
In Ann., 190a. the Mayor vetoed an ordinance of the City Council
fixing fares at 5 cents for cash fares and eight tl kets for a quarter,
on the ground that lie was co emitted to 3-eent fares.
Stock & Bonds—
Date. Interest. Outstand'g. Latest div.,etc
Stock ($100)
Q.-J. $23,400,000 Oct.,’06,1»«%
assumed—
G892
5 M-9
Bonds
1,009,000 March,
1910
E.Clcv. RK. IstM ($1000) < Interest at Central Trust Co., New York.
Cleve.
City Cable
Ry. $ 1899 5g.J.-J. 2,026,000 July 1, 1909
gold, $1,000 c. .fer. IstM. ( Central Trust Co., New York, Trustee.
Cleveland Electric RailwayS 1893 5g. M-8 6,000,000 Mch. 1, 1913
r>/im
1st Con. M. /*1
($1/00)
g.c Ar j Int
at Central Trust Co., N.Y Cltv, trustee.
Bonds—There is no limit upon the amount of bonds issuable unde*
the consol, mtg. of 1893, but further issues (with the exception of
$1,000,000 reserved to retire the $1,Of 0,000 East Clev RR. st mtg.
bonds) can only be made at the rate of $25,000 per mile for new single
track. The bonds are a first lien on the Broadway A Newburg system
and on all extensions made and property acquired subsequent to the
consolidation; they cannot be called before maturity. V. 61, p. 749.
Dividends.—The quarterly dividend was passed In January, 1896: Id
April, 1**96, paid \ p. c.; In 1897, 3 p. c..; in 1898, 3^ p. o.; in 1899
2$i p. c. (October dividend having been passed on account of strike);
in 1900. 3% p. c.; in 1901, 4 p. c.; in 1902, 4 p. o.; in 1903, 4 p. c.; in
1904, 4 p. 0.; in 1905, 4 p. c.; In 1906, 5 p. o.
Road-The consolidated company operates aggregate single track
of about 235 miles, mostly 82 and 98-lb. girder rails.
Annual Report—For calendar years 1905 and 1904.
the right of
premc Court
„
Gross earnings
Operating expenses
Net earnings
1905.
1904.
$5,303,086
$4,743,828
3,031,093
2,913.545
$2,271,993
$1,830,283
OFFICERS—Pres., Horace E. Andrews; Vioe-Prest. and Gen. Mgr.,
Stanley; second Vioe-Prest ,C. F. Emery; 8eo., H. J. Davies;
Treas., Geo. 8. Russell; Asst. Tieas., John Ehrhardt: Auditor, W. G.
McDole.-V. 81. p. 725, 1791,1847; V. 82, p. 868; V. 83, p. 213, 1469 •
V. 84, p 101, 157, 390
John J
CLEVELAND SOUTH-WESTERN & COL
UMBUS RAILWAY CO-A trodey road
Organization—Incorporated in Ohio and is a consolidation of the
Cleveland A Houthwestern Traction Co., the Cleveland <nAshland A
Mansfield Tract!-m Co. and the Ohio Central Tractlou Co. For terms of
exchange see V.83, p. 1590. Also owns the Norwalk Gas & Electric Co.
Date. Interest. Outstanding.
Stock and Bonds—
Maturity
Com., $7,500,000
$4,700,000
Pref.. $2,500.0 0 5% cum.
2,400.000
1st gen. mtge. $10,00 ,000.1907
5
1,490,000
(?)
C1,eJ'lHt M* °n i 1895
6 MAN
200,000 May 1. 1915
1905.*“ S Int* at Clt‘ Sav’ & T*nat Co’ Cleve” Trus’
100,000 AUg. 1.191?
rra1^1,0"*1897 6 f&a
Subject to call 1907.*“ ) Int€re8t at Cleveland Trust Co., trustee.
Subject to call
i Interest at Cleveland Trust Co., Cleveland,
Trustee, or at the Nat. Bank of C*>mmeroe
ln N Y. Mav be ealled after 10 vrs. at 100.
**1
c
{
100.000 Jan. 1, 1922
J-J
( 1902
Ttv
Loliifn
at Cleveland Trust Co.. Cleveland,
by C. vi'w
E. & W.,-jJ Interest
Tnl8tee, and Colonial Trust Co., N Y.
$100,000 ($1,000),g..c*
u
M.,guar.
Can be called at par after 10 years.
1900 6,
A-O
110.000 Apr.l, 1920
Int at Guard. 8. & Tr. Co , Cleveland,trus¬
tee. or Chase National Bank, New York.
l
Norw’k Gas A Eleo. 1st M
•I
Cleve. A 8outh-W. 1st and (
con. M. $3,000,000, g., <
1,400,000
5g. F-A
1903
Feb 1,1923
Int. at Guard. Sav. J r. Co., Cleve., Trustee,
o* ( or Colonial Trust Co., New York.
Ohio C. Tr. 1st m., $150,- ) 1899
5 g. J-D
150.000 June l, 1919
000, gold ($1,000) o*
S Int. N.HavenTr. Co.,N Haven.Conn.,Trust.
($1,000).
.
mart
gold n*
loo'ooo
$400,000,($500),gold.o
Oh<nC
as
suitableFrank
terminals.
StockClev
J. BensonForaker
Jrovide
$100,000.
8. Keith;
Vice-Pres.,
N. Wilcox,
; Heo NPres.,
Treaa., Dana
Stevens.
gnonnn
gold
..
(b) TRACTION TERMINAL COMPANY.
Organized in 1902
f
Cl. Ber.
..
A.
07
STREET RAILWAYS.
Feb., 1907.]
True
con
Bonds— Of the
250,000 Mch. 1. 1923
5 g. M-8
( 1903
]^ Int*
at Cleveland Tr. Co., Cleveland, trustee,
or
Bank of Commerce, New 1 ork.
$10,000,000
new
bonds, $3,510,000 are reserved
for
prior liens and $5,000,000 for acquisitions, improvements, etc.
I lie
Cleve. A Southwestern bonds of 1903 are subject to cab on and after
Feb 1. 1913, at 105 and int.
Of the Cleveland Berea Elyria A Oberlin 5s dated March 1,
1899, $300,000 remain lnresevve for the retirement at or before matu¬
rity of the divisional 6s to a like amount
Of the $1,500,000 Cleve.
Rlvria A Western new 5s. $427,000 are reserved to ret ire prior liens.
The Ohio Central Traction Co. consol, bonds may be called on or
after March 1, 1908, upon 30 days notice, at 105 and Int.; $250,000 of
consols are reserved to retire a like amount of first 5s.
1st mtg was
originally $200,000 authorized bnt $50,000 canceled subsequently.
Earning**—Of Cleve. A Southwestern Traction Co. only for calendar
1906: Gross. $645,850; net. $281,993: intei est, and ta\-s.$L79,$102,742. The Ohio Central Traction «’o for the year
ending June 30, 1906, earned $85,752 gloss and $26,913 net.
Road—Operates 136 miles of track rrom Cleveland to Berea. Elyria
Oberlin, Norwalk, Medina. Creston aud Wooster; also 29 miles from
Gabon to Bucynn and from Ga Ion to Mansfield.
Is bui.ding a line
43 miles long from Seville, on the main line, via Ashland to Mansfield
to onneot. the system.
Total track, 208 miles. 6(» ami 70 lb rails.
Also does freight and ex press business. Company owns 8c eaium Park,
OFFICERS—Prest., F. T. Pomeroy; Viee-Pres., A. 10. Akins; 2d VicePrest., 8.«
Smith; Secret’y. E. F. Schneider; Treas., J. O. WiNou; Aset.
Treas., H. B. Cavanaugh; Gen. Mgr., C. N. Wllooxon.—V. 84. p. 333.
year
251; surplus,
•
.
CLEVELAND PAINESVILLE &
EASTERN
RAILROAD.-in J une, 190b, acquired control of the Cleveland
Paiuesville A Ashtabula RR. V. 82, p. 1322, 1379.
Organization, Etc.—Incorporated in Ohio o \ April 25,1695. Road
completed in July, 1*98. Franchises expire ln 1920. 1922 ami 1926.
Stock & Bonds—
Date. Interest. OuUtatnVg.
Maturity.
Stock, $2,000,000; par $100
$2,000,000
,
...
..
.
a>RAA Artrt
( 1B06
500,000 Apr. 1,1916
5 g. A-O
^
at Morton Tr. Co., N. Y.,or Cleve*
($1,000 eacn) $500,000,
c S^ interest
qaTq Trust Co., Cleveland, the trustee.
Debentures, $500,000,5 1897 6
J-J
($1,000)
) Int. at Dime 8av.
,n,rt,aKe.
($1,000) g
$2
000,0001
^
Bonds—Ot the $2,000,000
o retire
500,000 July 1, 1907
A Bkg., (’lev., trustee.
trustee, or Colonial Trust Co , N. Y.
consols authorized, $1,000,000 is reserved
underlying liens.
Road—Owns road from Euclid, Ohio, to Painesville and Fairport,
24*02 miles (“Mam Line”), ana uses Cleveland Electric Ry. from
Euclid to Public Hquare, Cleve., 10 miles; also owns “ 8liore Line,”
extending from Willoughby to Glenville, O., 14*89 miles, and uses the
Cleveland Eleo. Ry. Co.’s track from Glenville to the Public Sq.,
leve., 5 miles. Total track owned (including 4 Hj miles of double),
46 43 miles.
Rails 68-lb. girder on Main Line, 75-lb. T on Fairport Line
aud 70 lb. T and 90-lb. girder on “Shore Line”; 32 motor cars.
Power
house is at Willoughby.
Car houses at Willoughby, Paiuesville aud
Nottingham.
Rc PORT—For years ending Deo. 31:
1906.
141,270
136 02L
$214,631
....$127,107
$103,819
$89,730
80,930
60,250
$87,482
83,939
$43,168
$22,989
$9,480
Expenses and taxes
Net
Fixed
1903.
1904.
1905.
$2 5,751
Gross earnings
ohargeB
Surplus
$271,100
$245,089
143,993
127,149
78,007
$9,475
OFFICERS—President, C. W. Wason; Vice-President, J A. Beidlerj
Treasurer, Chas A. Post; Secretary, Fred. S. Burton; Ass’t Sec’y, E. L.
Scbmock, Willougtiby, Ohio ; 8upt., J. Jordan.—V. 77, p. 823; V. 82, p.
868,1322,1379.
CLEVELAND PAINESVILLE & ASHTA¬
A trolley road. E tirely over private right of wav,
exoept Through some of the villages, where franchises expire in 1927.
In June, 1906, control was acquired by the Cleveland Painesville A
Eastern RR
V. 82, p. 1322, U79.
BULA RR.
Organization.—Incorporated in Ohio in 1902.
S1 OCK & Bonds
Date.
Interest. Outstanding
Maturity.
$1,000,000
1st mort., $1,000,0001
1902
5 g. J-J
850,000 July 1, 1922
gold ($1,000)
c* s Int. at Cleveland Tr. Co ,< leveland. Trustee.
Bonds. $150,000 are reserved for future extensions and improve¬
No sinking fund and bonds cannot be called. Hue V. 75, p. 549.
ments.
Stock, $1,000 ObO ($100)
.
Report—For years ending Deo. i> 1.
Tears.
dross
Vet
$103,095
1906
1:05
$41,939
Fixed charges.
$43,676
42,91 *
Balance.
def. $1,737
def. 5,wl4
98.558
37,896
Road—Operates 30 miles of track between Painesville and Ashtabula
put in full operation on July 30, 1904. 70-lb. T and girder rail
nsed. Track, standard gauge. Connects at Painesville with the Cleveand Paincsv lie v Eastern RR. ami at Ashtabula with tne Pennsyl¬
vania A Ohio Ry.
Officers -Eres.. C. W. Wason; VPe-Prea., J. A. Beidler; Treas.,
has. A Post; Sec’y. F. S. Borton; Asv’t Wee’y, E. L. Schmoek, Wil¬
..
loughby, Ohio; Supt., J. Jordan.—V. 79, p.
1955; V. 82, p. 1322, 1379.
CLEVELAND YOUNGSTOWN & EASTERN
R Y - a trolley road
Organization.—Incorporated in Ohio on June 1,1906. and was in¬
tended to be a reorganization without foreclosure of the Eastern Ohto
Traotlon Co. The Eastern Ohio Traction Co., however, is still being
operated by the receiver. Road will shortly be (-old under foreclosure
of und«-rl\ ing liens and a new plan of reorganization in being prepared.
In June, 1906. we were advised that franchises then had an average
•
life of 17 > ears.
Stock & Bonds—
Common, $2.000,000
Preferred, $1 000,000
Date. Interest. Outstand'g.
Is^consoLM., $2,500.000, 1,06
$1,575,351
930,698
5 g.
677,573
Maturity.
(?)
28
STREET RAILWAYS
STOCK & Bonds—
Cleve.
& East.
1st
Date.
$1,000,000 ($1,000 ea.), <
gold
o* f
.
Interest.
Outstand'g.
Maturity.
1,000,000 July 1,1919
Int. at Clevel. Tr. Co., Trustee, Cleveland,
mort.,(1899
Standard Trust Co., New York.
or
.
5 g. J-J
C&V®eFSi1896
6g.M-N
200,000 May 1,1910
aft May 1?1906* ($509?o* J Int- at Guardian Tr. Co., Cleve., Trustee.
C1$30b&0C0'7$500> gold^o’X1900 5S-M’N
100,000 Nov. 1,1920
calied
Canbe
1§10
)Dime Sav* & Bk* Co-’ Cleveland, Trustee.
Bonds- Of the new $2,500,000 con. M., $1,300,000 were to take
up existing bonds and the balance held in treasury for extensions and
construction.
Of the Cl. A Chagrin Falls inort. of $300,000, $200,000
reserved for prior bonds. Of the Cleveland & Eastern bonds
$113,000
are held in the treasury.
Report for calendar year 1905:
Gross, $230,765; net $67,211;
interest, $75,589; deficit, $8,378.
Road—Owns and operates 46 miles of traok from Cleveland to Chardon, Burton and Miadlefleld, O., and from Cleveland to Hiram and
Garretsville via Chagrin Falls, 40 miles. Total track operated, includ¬
ing sidings, 95 miles.
-V. 82, p. 1101, 1322, 1379.
FOREST CITY
RAILWAY-—
Organization—Incorporated at Columbus, O., in Oct., 1903, with
$250,000 authorized capital, which was increased to $2,000,000 in
June 1906. V. 82. p. 1437. Is a 3-cent fare company, which suo
ceeded to the franchises granted the previous month
by the Cleveland
City Council to the People’s Ry. In 1906 the Municipal Traction Co
was organized with $10,000 capital and leased the
property for f 0 years
with privilege of renewal for an additional 50
years. V. 83, p. 94.
In Dec., 1906. the Low Fare Ry. was in<
orporated with $25o,000
stock
by interests identified with this company, to take over certain
franchises recently granted, and may possinly succeed the Forest t
ity
Ry. See V. 84, p. 102. In 1906 the State Circuit. Court reversed the
Common Pleas Court in granting an lnjutotion
restraining the construc¬
tion of the. Denison Avenue line. In April,1906, the U.S.
supreme Court
decided ’hat the fran hise f« r the Woodland Avenue line was
Invalid,
as the franchise of the Cleveland
City Ry. for its line on that avenue
had not yet expired. V. 8?, p. 868.
For a subsequent d* cision of the
U. S. Supreme Cpurt, see V. 84, p. 101. For other decisions on fran¬
chises. see V. 83, p. 1469.
Stock & Bonds—
Date.
Interest. Outstand'g
Lastdiv.
Stock, $2,000,000 ($100)
,
LAKE SHORE ELECTRIC RY —A trolley road.
Bondholders were given control until April 1,1908,
through a votingtrust, but in Jan., 1906, the voting trust was dissolved
In Dec., 1906, it was reported that the
company would issue $600.
000 3-year 6 p. e. gold notes eecured by
bonds, to provide Lr improve
ments.
See V. 84, p. 51.
Organization-Is a reorganization in 1903 of the old LakeSlio-e
Elec. Ry.. which was Incorporated on Sept.
25,1901, under laws of Ohio
as a consolidation of the Lorain A Cleveland
Ry., the Sandusky A Interurban Ry., the Sandusky Norwalk & Southern
Ry. and the Toledo
Fremont A Norwalk RR. V. 73, p. 784
C. D. Barney & Co. of Phila
delphia offered the 1st consols for sale in April, 1905. In Jan., 1906,
stool*holders approved the purchase of the Lorain Street
Ry. and the
Avon Beach <fc Southern Rtt. and the lease of both
to the Lake Shore
Electric.
See V. 82, p. 216.
These roads %vere subsequently consolidated as the Lorain St.
R.R.,
which see below.
Also controls the Sandusky Fremont & Southern
Ry., which also see below.
STOCK & Bonds—
Com , $4,500,000 (par $100)
Pref. stock, $3,000,000 (par )
1st
con
bf
gold
m
Date.
Interest.
Outstand'g.
$4,500,000
a
\
cum
mrc
Vinoi
($i.uuu)
^ 1903 5 g. J-J
1,750,000 Jan.1/23
*4'°00’0^
o ] Int. at Citizens’ Sav. A Tr. Co.,Cleveland.
£truf,1ee<
Gold notes
or Colonial Trust
£ trustee,or company’s
1907
1st
oon
g
($1 000)
^ 1697
o£. Cleveland3
agenev in N. Y.
550.000
1910
8
g * ’UUU) < Interest
Co., N. Y.
5g. J-J
,750,000
July 1/27
at Cleveland Trust Co., trustee,
T.F.& N. 1st M., $1,500.000,) 1900
5g. J-J
1,500,000 Jan. 1, ’20
g., guar. ($500, $1,000)..o* s Int. atUmon Tr. Co
Detroit, Trustee.
Bonds— Of the $4,600,000 first
consols, $2,250,000 are reserved to
retire prior liens, $4,000,000 «»f the gen.
mtge. 5s are reserved to retire
the first consols and $2,092,000 for extensions and
improvements at
80% of cost.
Neither issue is subject to call. A
sinking fund of
$10,000 per annum on the first consols commences Jan. 1,
1909, and
runs until 1914.
From 1920 to 1922 inch, $30,000
per ann. is payable.
The L. A C. bonds can be called after
July 1, 1917, at par and interest.
The T. F. A N. bonds can be called at 110 and interest on
any interest
date upon 90 days notloe. These bonds are
guaranteed, principal and
interest by endorsement by the Lake Shore Electric
Ry. A sinking fund
on the T. F. A N. bonds of
$10,000 per annum commences in 1905 and
runs to 1909, inclusive; from lylO to
1914, $20,000 per annum; 1915 to
1919, $30,000 per annum.
Lien - The T. F. A N. bonds are h first lien on the
division between
Toledo and Norwalk; the L. & C. bonds are a first lien on
the road
between Cleveland and LoraiD; and the new 1st consol, bonds a
first lien
on all other lines and also a second mtge. on the
divisions noted above.
REPORT—For cal. years ending Deo. 31: See report in V. 84, p. 387.
1900.
1905.
1904
Gross earnings
$860,720
,
Operating
expenses and taxes
Net earnings.
Interest
Surplus
Other
income
476,258
$788,263
428,588
$659,873
433,709
$384,462
254,198
$359,680
244,850
$226,164
244,817
$130,264
$114,830
def.$18,653
6,250
Net surplus
$136,514
Road—Operates in all 162^ miles, extendlngfrom Clevelandto Toledo
and Saiidm-ky and from
Sand»3ky to Norwalk; also city lines In San¬
dusky; standard-krauge 75-lb rails. Through line from Cleveland to
.
...
Toledo
was opened for business about Aug.
26,1902. In addition leases
Loraiu street RR., 23*8 miles. Has 54
double-truck interurban
cars. 25 single-truck city ears and 29 work cars
Officers President, E. W. Moore; 1 st Vice-Pres.. W. H. Prbe; 2d
Vice-Pres., Jay . ouke 3d; 8eo. A Treas., F. W. Coen, Electric
the
V. 83, p. 95,1098, 1171;
I1)Organization—Incorporated
LORAIN STREET RAILROAD CO.-A trolley road.
In
Ohio
on
V. 84,
Aug 3,1906, and is
a con¬
solidation of the Lorain St. Railway and the Avon Beach A
Southern
RR. Entire stock and $500,00j new consols is owned
by tli** Lake
Shore Elec. Ry.
Stock & Bonds— Par. Date. Interest.
Outstand'g. Maturity.
Stock $2,000,000..
$100
See text
Lor. St.
Ry. 1st M.,>
$200,000
5
1894
$200,000
6 J-J
Interest Guardian Tr. Oo.,
LM.i75o!obofKOldb.O«)
1899 5g M-N
Jan. 1,1915
Cleveland, Trustee.
550,MO Nov. 1, 1949
$1,000. ........o* >
Int. at Guaranty Trust Co., N. Y., trustee.
1st consol, mtge. (1,000
1906 5g.J-J
500,000 Julyl,1936.
$2,000,000, gold, < Int. at Cit. Sav. A Trust Co., Cleve., Trustee, or
gaar. <$I,000) c*. (
Agency in NewT York.
Bonds.—Of the $2,000,000 new bonds, $750,000 are reserved for
prior liens and $750,000 for extensions, etc. They are guar., priu.
and int., by end. by the Lake Shore Elec. Ry.
.
Road—Operates 23.8 miles of track between Elyria, Lorain and
Beaoli Park.
Standard gauge.
OFFICERS-Pres E. W. Moore; Vice-Pres., Jay Cooke 3d; Sec’y and
Tree., F. W. Coen; Gen. Mgr., F; J. Stout; Supt., L. K. Burge; Auditor,
A. C. Henry.
,
(2) THE SANDUSKY FREMONT
A SOUTHERN RY.
Organization—Incorporated in Ohio in April, 1906, to act
for the Lake Shore Electric
STOCK & Bonds
—
Stock, $2,000,000
.......
Ry., which
owns
as
feeder
the entire stock.
Interest.
Date.
Outstanding. Maturity.
Owned by the Lake Shore Electric Ry.
1
1906 5g. J-J.
$500,000 July 1, 1936.
5 Int.
at Cit. Sav. A Trust Co., Cleve.,
gold ($1,000) guar o*
£ trustee, or at Agency in New York.
Bonds - Are guaranteed prin. and int. by end. by the L. Shore Elec.
Ry.; not subjeot to call. See V. 83. p 10)9.
R mD.—Proposes to build a line from Sandusky to Fremont. 22
1st mortgage $2 000
>0,000,
.
miles;
from
Fremont to Tiffin,
16 miles;
aud
from
Fremont to
Fostorla, 20 miles Total, 58 miles. Construction has begun on the
Sandusky-Freraont division a d is expected to be completed by May
1, 1907. Road is on private right of way.—V. 83, p. 97,1099.
COLORADO SPRINGS, COL.
COLORADO SPRINGS & INTERURBAN RY.
Organization—Incorporated in August, 1902, as a consolidation of
the Colorado Springs Rapid Transit
Ry. and the Colorado Springs A
Suburban Rv.
The consolidated company, it was
understood, would
Issue $1,500,000 stock and $1,500,000 5
p. o. bonds, but information
as to new company refused—“is a close
corporation and has neither
stook nor bonds on the market.” We are
advised, however, that suf¬
ficient of the new bonds are reserved for
underlying liens. Facts below
relate solely to the old Colorado Springs Rapid Transit
Ry.
Colorado Springs Rapid Transit.
STOCK & Bonds—
Miles. Date. Interest. Outstand'g.
Maturity.
Stock (par $100)
$500,000 f.p. 1905,6%
IstM., $1,000 each...
7Lj
1890 6 A-O
333,000
1910
Consol.M.,$1,000ea.,) 27
1891 6 g A-O
162,000 Apr. 1, 1921
for $500,000, gold., s
Central Trust Co., N.Y. Trustee.
Interest is payable at Chemical National Bank, New York
City.
Consolidated mortgage limited to $500,000 by cancellation of
$250,000 of the bonds; $338,000 reserved for first mortgage
Road—Owns 38 miles of track.
OFFICERS—President. D. H. Rice; Vice-President, A. G. Sharp; Secy.,
Lloyd; Treas., C. S. Chamberlin.—V. 70, p. 75,175, 328.
Wm.
COLUMBIA, S. C.
-
COLUMBIA
ELECTRIC
STREET
RAIL¬
WAY LIGHT & POWER-A trolley road.
Organization—Is a consolidation on July 1, 1905, of the Columbia
Eleotrlo St Rv. A Power Co. and the Columbia Water Power Co.
The
first mentioned was organized in S. Car. Jan. 6, 1892, and was a
con¬
solidation of the Columbia Electric A Suburban
Ry. C >. and the
Congaree Gas & Electric Co. Acauired the Columbia A Eau Claire
Electric Ry. The Columbia Gas Light Co. is owned
by friends of the
company.
Stock & Bonds—
Date.
Interest.
Outstanding.
Maturity.
Com , $1.1)00,000, $100...
$1,090000
nnn nnn
$4 000 000
c
*i8ooo
Maturity.
3,000,000
*7’000’09? \ iTat Citkentsav. *
Lorain AC
Cleveland.-V. 82, p. 161, 216, 805;
51, 158, 387, 390.
I.XX XIV.
$750,000 Deo.’06.1V%
Stock— Dividends on the stock are restricted to 6
per cent, the re
mainder going to the lessee to be used for
extensions, Improvements
and acquisition of Forest City 8t Ry. stock. The stock is
redeemable
at any time at 110.
A trust deed has been made to the United Bank¬
ing A Sav. Co. and the Citizens 8av. A Trust Co to secure the pro¬
visions of the lease. Under the terms of the lease no bonds or
pref.
stock shall ever be issued by the lessor.
Y. 83, p.. 94.
Dividends— First dividend on Forest City Ry. stock
(from nntal) —
p. c. - was paid D*o., 1906.
Road-Has 13*6 miles of track on Denison Ave , Fulton Rd W. 28th
St., Detroit Ave. and Superior Viaduct to the Public Square. Addi¬
tional lines are to lie built later.
C FEio. rs.—President, M. A.
Fanning; Vice-Pres., C. H. Mirer; Sec.
andTreas., Fred C. Al-'er.—V. 79. p. 2587, 2795; V. 80, p. 1971; V.
81, p. 1848; V. 82, p. 868,1437; V. 83, p. 94, 213, 1410, 1469; V.
84,
p. 102, 158.
$100), 5%
“
[VOL.
Building
P$eiOO$600,°00'b%CUmJ -J
Mortaave $2 000 OOrt
innni
luuuj
,U0° c
600,000 Jan.,’07, 3%
( 1905 5g J.-J.
1,484.500 July 1, 1935
Int at Mercantile Trust A Dep. Co., Balto.,
-
{fjvustee,or company’s a;ency in New York.
Bonds.—Of the $2,000,000 new bonds, $500,00 » are reserved for
future betterments. A sinking fund of $10,000
per annum commences
July 1, 1906.
Earnings-For year ending June ?0, 1906, gross, $320,130; net,
$167,395; interest, $92,289; dividends, $36,000 ; surplus,
after taxes
$39,1 6.
Road—Operates about 23 miles of track.
Also does all eleotrlo
lighting for city. Owns water-power contracts and water-power
plant
generating 8,0l0 h. p.
Officers—Pres, and Treas., E. W. Robertson; 1st Vice-Pres., Lewis
M. Parser; 2d Vic*-Pres... and Gen.
Mgr., Wm. Elliott Jr.; See., A. L.
Kraus—V. 81, p. 507, 974.
COLUMBUS, GA.
COLUMBUS ELECTRIC COOrganization—Incorporated in Maine on Feb. 6,1903, and owns all
the securities
of the Gas Lt. Co. of Columbus, the entire common and
part of the preferred stock of the Columbus Power Co. aud the greater
part of the securities of the Columbus RR. Co., which companies do
the entire street railway and
lighting business of Columbus and the
adjoining towns of Phoenix and Girard. Franchises perpetual. The
freight lines are leased to the Seaboard Air Line Ry. for 50 years from
O t. 17, 1901, at a rental of $7,500
per annum.
Stock & BondsDive.
Interest.
Outstand'g.
Uaturity.
Com.,$1,500,000 ($100)
$1,500,000
Pref., 6 p. o non-cum.)
J-J
272,000 Jan. ’07, 3%
$509,000 ($100)
5
lst.ooll.M.,$1,500,000)
1903 5 g., A-O
614.000 Apr. 1, 1933
gold ($1,000)
Interest at City Trust Co., Boston, Trustee.
Col. RR. 1st raort’ge.,)
1898
5 A-O
423,000
Oct. 1, 1937
$450.000.g. ($1,000) S Int. at West End Trust Co Phila., Trustee.
Col. RR. 2d mort.; 1st
) , Qno
a
.
n
c
inn
250,000
Oot. 1,1937
irnlfi nnn-C
wui.
*908
o A-O
-iou.vw
j
cum ,$250,000.
) lDt- at Cltr Tni8t Co » Bo8ton, Trustee.
G. L. Co. of Col. Mtge.
1891
6 J D
15.000 June 1, 1911
Bonds —Of the $450,000 Columbus RR. 1st
mortgage bonds $27,000 are reserved to retire
underlying 6 p. c. bonds of like amount due
in 1913. The new $1,500,000 bonds of the Columbus
Electric Co are
to
ou
subject
call
or after April 1. 1908, as a whole, at 105 and inter¬
est.
An “improvement fund’’ of 2
per cent per annum of outstand¬
ing-bonds commenced in 1905
Div dends-First dividend on
pref. stock, 3 p.o., was paid Jan. 1907.
Road—1Operates 24*32 miles of track, of which 5 5 miles leased to
..
Seaboard Air Line.
35
cars.
*
EARNINGS—For 12 months ending Deo. 31,1906, gross, $291,244;
69; charges, $89,996; surplus, $45,174.
net, $135,'
OFFICERS—Presid’t, H. G. Bradlee; Vice-Pres., John W. Hallowell,
Henry R. Hayes; Treas., A Stuart Pratt; General Managers
and Transfer Agents, Stone A Webster, Boston.—V. 76, p. 704; V. 82,
p. 509 —V. 83, p 1590.
geo.,
COLUMBUS POWER CO.—
(1)
Organization—te a consolidation in March, 1906, of the Columbus
the Coweta Power Co/and the Chattahoochee Falls Co.
Power Co
Entire common stock and part of the preferred is owned by the Co,
Iambus Electric Co.
Stock & Bonds—
Date.
$1,500 000, $100
Pref., $ ,500,000. $100
6% non.cum .red at lOo s
Common.
Maturity.
Outstand'g.
Interest.
$1,500,000
j
350,000
ww.wv
let
mrge., $i,000,000, > 1903 5 g. A-0
1,650,000 Apr. 1,1936
gold, guar.
c Int. at Commonw. Tr. Co , Boston, Trustee.
Gold
notes, $250,000.) 1906 5 g. A O
250,000 Apr. 1. 1911
guar., prin. & int, by[>
Redeemable at par on any interest date.
Col Eiec. Co
> Int. atNat’iCity Bank. New York.
Bonds — Of the *4,000,000 authorized, $2,350,000 are reserved for
future purposes
Are guar., p. A i., by Columbus Elec. Co A sinking
fund of Ip o. of bond* out commences April 1, 1912. Bonds subjeot
to call as a whole at 110 and int. on any int. date.
Plant.—Controls by ownership or lease developed water power on
Chattahoochee River aggregating 9,000 h p. Proposes to have an
ultimate hydraulic development of 75,000 h. p.—V. »2, p. 512.
COLUMBUS, OHIO.
COLUMBUS RY- & LIGHT CO -Trolley and
electric
light.
Organization—Incorporated in Ohio on May 12,1903, and acquired
under lease the Columbus Ry. Co. and the Columbus Edison Co. at a
rental of guaranteed dividends at the rate of 5 per cent per annum on
the
preferred stock of the former and 6 per cent per annum on the pre¬
ferred stock of the latter, and 5 per cent per annum on the oommon
stock of each, the dividend* on the common stock of each company to
commence Sept. 1, 1903.
Holders of common stock of the two com¬
panies were allowed to subscribe to the stock
of the new company to
the amount of their present holdings, 20 per cent to be paid in cash and
the remainder subject to call, but not more than 10 per cent in any one
year. See V. 76, p. 1142.
Lease was slightly amended in Jan.,
(V. 82. p. 160) and bonds and stock of the Columbus Ry. Co. are to be
taken by the lessee at par in payment of advances made by the lessee
for construction and improvement of property.
In July, 1916, the
U. S. Court grauted a perpetual injunction restraining the city from
enforcing an ordinance passed in 1904 reducing the charge for eleo
tricitv. V. 83. p 94, 323.
In Jan., 1907, arranged to take over ths Central Market Street lines,
1906,
owned by the Columbus Traction Co., which see below.
STOCK & Bonds.- Date.
Interest
Outstand'g.
Maturity.
Stock, $5,000,000
J-J
20 p. c. paid in. Jail.,’07,1%
Columbus Railway Co.
now
Interest.
Date.
STOCK & Bonds.—
8t($lkdofOU.1l’. $3’500,000 \
5Q-M.
tt1
5 ^“F
Btock, pref., $3,500,000 £
($100) 5 p.c. cum. guar. \
£Ylb06 caUed *or 8#
Outstand'g Last div., <te.
o907
$3,000,000]5 Mairi4
Feb. 1, 1907
p.
^
nan
500.000 J
^ p 0
?* 11889 5 g. J. - J.
533,000 July 1,1909
£ Interest at Central Trust Co., N. Y.
C°1Amt*Ry'l8t$3’000’09?\
ciark’ACo.^Phlla!1932
Koia
0 l 18Intere5stgatEJ\v.
Knickerbocker Trust Co., N. Y., Trustee.
Crosstown 1st mort., g.,)
gu., p. A i. 0.*
s
006
Bonds
1
1893
572,000 June 1,1933
5 g.J.-D.
Knickerbocker Trust Co., N. Y., Trustee.
000C(°$ToOoTSrct; 1 1899
are
4’
3.428,000
Oct. 1.1939
$500,000 common stock. Franchise provides that tickets shall be sold
8 for 25 cents and transfers be Issued to all lines entering or using the
Columbus London &
Springfield Ry Co. interurban loop.
STOCK db Bonds—
Date. Interest. OMtstand'g. Maturity.
Common, $500.000
$500,000
Preferred, $3 00,000
250.000
Cent Mar. 1st M., $500,000, ) 1902
500,000 Jan. 1, 1922
5 g. J-J
gold ($1,000)
0* ) Int. at N. Y. Trust Co., N. Y., Trustee.
Bonds—A sinking fund of 5% of gross receipts commences after 5
years. Entire issue is subject to call after 5 years at 110 and interest..
ROAD—Operates 16 miles of track, all in city of Columbus.—V. 84
p. 51, 338.
THE INDIANA CCOLUMBUS & .EASTERN
TRACTION CO —A trolley road.
Organization—Incorporated In Ohio on April 14,1806, and has
acquired the Dayton Springfield & Urbana Eleo. Ry., the Columbus
London A Springfield Ry., the Columbus Grove City A Southwestern
Ry., the Urbana Bellefontaine & Northern Ry., the Spriuglield &
Western Ry., the Dayton A Northern Traction Co., aud about 12
miles of the Dayton A Mancie Traotion Co., extending from Green¬
ville to Union City, on the Indlana-Ohlo State line, the rt-malmlerof
the road (from Union City to Munoie) bei >g acquired by the Indiana
UDion Traotion Co. Has also acquired the Columbus & Lake Michigan
RR., a steam road, operating between Lima and Defiance, whioh will
be converted to electricity.
Leases the Dayton & Western Traotion
Co. and the Columbus Newark A Zanesville Eleo. Ry., which latter
company had previously absorbed the Columbus Buckeye Lake &
Newark Traotion Co. and the Zanesville Ry. Light & Power Co. Is
bulldiDg aline from Bellefontaine to Lima, 32 miles. The new general
and refunding mortgage bonds were listed on the Philadelphia Stock
Exohange in February, 1907. V. 84, p. 339.
Date. Interest. Outstanding. Maturity.
STOCK & Bonds—
Com., $11,000,000 ($100)
$11,000,000
Pref., $1,000,000 ($100)
1,000,00.»
Gen. A ref rotge.. $12->1906
5g M-N
5,321,000 Mayl,1926
000.000, gold ($1,0 00) 0*) Int.atPa.Co.for Ins.onL <fcG. A.Phila.Trus
Col. Lon. A Ppir. 1st M $1,-) 1900
5g A O
500,000 Oet.1,1920
500,000, g. ($L,000) ...0* ) Int. at N. Y Trust Co.,New York,Trastee.
Day. Spg. A Urb. 1st mtg..) 1898 5g M N
750,000 Nov. 1,1928
$750,000, g. ($1,000)
5 Int. at N. Y. Trust Co., New York, Trustee.
Binds—Ot the $12,000,000 new bonds, $7,c00.000 are to be issued
f.»r purchase of present properties and improvements. Of this $7,800,000, $1,250,000 are held to retire the underlying liens given in
table above. $4,900,000 of these new bonds have been sold to a syndi
oate headed by Drexel A Co. of Phila. The $4,100,000 unissued are re
served for future betterments, improvements and extensions. These
bonds are subjeot to call in whole, but not in part after May 1. 1911,
at 105 and interest. The Columbus London & Springfield bonds may
be called after 1906 at 110 and interest.
A sinking fund on these
bonds of 5% of gross earnings begins with year ending Sept. 30 1906.
See V. 71, p. 963. The Dayton Springfield A Urbana bonds are subjeot
to call at 110aud interest after Nov. 1,1905. A sinking fund of 5%
of gioss earnings began with year ending Nov. 1, 1905.
Earnings For 5 months ending Nov. 30, 1906, gross, $73S,375;
net, $341,280; fixed charges, $260,410; surplus, $80,870.
rtOAD—Will operate 444.79 miles of track (including 138.98 miles of
leased lines) extending from Zan -svilleon the east via Newark to Col
,
Springfield to Dayton and from Dayton
urobus and thence through
Muncie, Ind , and Richmond, Ind., where connection is made with
lines to Indianapolis, and north from Springfield through Urbana and
Bellefontaine to Lima and to Defianoe, all in Ohio
to
OFFICERS— President, W. Kedey S hoepf. Cincinnati: Vice Pres , J.
Vice Pres., Norman McD. Crawford; Vioe Pres., D. G.
Edwards; Sec. & Treas.. F. A. Healy; Ass’t Sec. A Treas., W. A.
Draper Auditor, M. W. Glover. V 82, p. 928,1102. 1156, 1212.1437,
1496; V. 83, p. 37, 155, 380, 636, 1098; V. 84, p. 339.
B. Foraker, Jr.,
redeemafter ! Trustee,
Int* at Union 8av. Bk. A Tr. Co. of an., (1) DAYTON A WESTERN TRACTION.-Trolley ros<l.
at E. W. Clark & Co., Phila., or
1
interest.91**
I at
Co-’8 offlce-
Organization-Was leased in June. 1906. to Indiana Columbus &
Bonus.—The Columbus Street Railway mortgage of 1892 is for $3,000,000, of which $533,000 are in hands of trustee (Knickerbocker
Col. Consol. St. RR. firsts. The Cross$2,000,000, of which $572,000 are out¬
standing; the rest, have been canceled. Principal and interest of the
Crosstown bonds were guaranteed by the old Col. St. Ry. Co.
Of the $7,000,000 mortgage of 1899 of the Columbus Railway,
$1,500,000 were issued in payment for the Columbus Cent. Ry. prop¬
erty; $3,000,000 will be held in trust to retire the Columbus Street Ry
and the Columbus Consolidated Street RR. bonds, $572,000 to retire
the Crosstown mtg. bonds and $300,000 to take up unsecured 4 per
cent notes of the Columbus Street Railway; $1,628,000 was reserved to
Trust Co., N. Y.) to retire the
toicn Street Ry. 1st M. is for
be used hereafter from time to time in making extensions, improve¬
ments and additions—$628,000 upon a ^-vote of directors, the other
$1,000,000 only on a vote of stockholders. This oovers the whole
$7,000,000. In the table above we report as outstanding, $3,428,000
This includes $1,500,000 issued in payment for the Columbus Central
Ry., $300,000 issued under the clause providing for the retirement of
notes and $1,628,000 under the clauses concerning improve¬
4 p. c.
ments.
Eatings—For calendar year 190^, gross, $1,931,088; net, $784,667; fixed charges. $577.4< 2; dividends, $100,000; surplus, $107,265;
in 1905, gross. $1,798,463.
Dividend* —First dividend—l p. 0.—was pa’d Jan. 15,1905,
p. c. was again paid July 16, 1906.
I11 1907, Jan. 1,1 p. c.
Fran<hxsts— Circuit Court at Columbus, O., on June 25,
handed down a decision sustaining the claim of the Columbus
and 1
1903,
Ry. to
Y. 77, p. 35.
perpetual franchise rights on certain streets.
Columbus Edison Co.
STOCK & Bonds—
Common, $100
Pref. 6% cum.
Date.
....
$100
C(gold!egu1ftrt m°^ga5e \
C<gohL*^ELlst Mortgage £
•—
Interest
5 Q.-M.
6 Q.-J.
Outstand'g.
Maturity.
$450,000 Dec. ’06,1*4%
450,000 Jan.,’07,1**%
6g. M.-N. 450,000 Nov. 1, 1922
5 g. A.-O. 300,000 Apr. 1, 1929
....
Bonds.—noth underlying liens are guaranteed by
Co.
Columbus Edison
Properties CoNTROLLED-Operates 107 miles of track, 5*6 of which
a new suDurban line and 12 miles interurban.
Also does the greater
part of the electric light and power business of Columbus, and has
arranged to lease the Columbus Traction linos, 16 miles.
is
Officers—Pres., Robert E. Sheldon; 1st Vioe-Pres., Gen. Mgr. and
Treas., E. K Stewart: 2d Vice-Pres., C. M. Clark; Sec. and Auditor,
P. V. Burington.—V. 82, p. ICO; Y. 83, p. 94, 323, 1523; V. 84, p. 51,
157, 338.
(1)
29
STREET RAILWAYS.
Feb., 1907.J
Eastern. For terms, see V. 82, p. 1437.
In June, 1906, we were Informed that
and some in 44 years.
franchises expire, some in 17
Interest.
Q.-J.
STOCK & Bonds—
Date.
Stock, $900,000 (par $100)
Do pref., $850,000, 5 per)
oent, cum. ($100)
\
t
Last Div.
Outstand'g
$607,500 July. ’04,1%
ora nno
S *1 nly> 1906
»50,ouo j
lH p. 0.
Dividends.—Quarterly dividends of 1H per oent are paid on pre¬
ferred.
First dividend on oommon Jan., 1904,2 percent; in 1905,
2 per cent.
In 1906, Jan., 1 per oent, Apr., 1 p. o., July 1 p. 0.
Earnings—For oslendar years:
Gross.
Tear.
1905
1904
$191,477
145,225
Ooer. expen.
and taxes.
$120,115
107,651
Vet.
$71,362
37,574
ROAt>—Dayton, Ohio, to Riohmond, Ind., 40 miles, with branch from
New Weotville to New Paris, 21* miles; total, 42*a miles. At Rioh¬
mond connection Is made with Riohmond St. A Interurban Ry.), thus
making a through line from Indianapolis, via Davton, to Columbus, a
distance of 184 miles. V. 82, p. 1437; V. 83, p. 36, 94, 370.
A ZANESVILLE ELECTRIC RY.—A
trolley road.
Organization.- Incorporated in Ohio on July 2,1902, and In May1904, absorbed the Newark & Granville Street Ry. In May, 1906, ao
(2)
COLUMBUS NEWARK
quired the Columbus Buckeye Lake and Newark Traction Co., the
Ereferred
given $500,000
being
stock
oldings. shareholders
Also took over
the Zanesv.
Ry. Lightin&pref.
Power
andtheir
Co. for
was
then leased to th* newly-formed Indiana Colurn. A East. Trao Co. for
length of franchise and renewals thereof. Rental is interest on
bonds, an amount equal to 6 p. o. on the pref. stock and $500 for
organization expenses. V. 83 p. 625. Entire common stock is owned
by Ind. Col. A Eastern Traotion Co.
Interest.
Dale.
Outstanding.
Maturity.
Stock A Bonds—
$5,750,000
Com., $5,750,000,$100.
Pf., 6 p.c. cum.,$500,-)
6 Q.-J.
500,000 Jan., ’07,1
0J0, $100
s
5 g. M 8
1,250,000
Mar. 1.1924
1st mort., $2,000,000,) 1904
gold ($1,000)
0* S Int. at Knickerbocker Trust Co., N. Y„ Trus.
Gen. mort,
5 g. M-N
gold, $6,-) 1906
None.
May 1, 1926
250,000($l,000)...o* s Int. at Girard Trust Co., Philadelphia, Trus.
1901
5 g., M-N
1,243,000
Nov. 1, 1921
C. B. L. &N. istmtge,
f<pi
Zanesv.
Ry.’*Lfc.
g U1 n* (Int- at Knickerbocker Trust Co., N. Y., trustee.
A P. lst( 1902
5 g. A-OI& 750,000
Oct. 15,1912
mort.. $1,000,000, < Int. at Cent. Tr. A 8. D. Co., Clnn., trustee,
($500, $1,000), gold ..0* t
or Trust Co. of America, New York.
Registrar, Guardian Trust & Safe Deposit Co., Zanesville, Ohio.
cons.
COLUMBUS TRACTION CO.—A trolley road
Organization—Incorporated in Ohio on Dec. 26,1906, and is suo
eessor t> the Central Market Street Ry., sold under creditor’s bill in
February, 1906, subject to the $500,000 bonds. New company is leased
to the Columbus Ry. A Lt. Co. for 50 years until 1957, rental being 5
P- c. on pref. stock; common stock receives 1 p. c. on Jan. 1 and July
1, 1908, and Jan. 1, 1909; 1^ p. c. on July 1, 1909, and Jan. 1,1910; 2
p. c. July 1, 1910, and Jau. 1, 1911, and 1*4 p. o. quarterly thereafter.
The Col. Ry. & Light Co. owns the entire pref. and $400,000 of the
7hi,*sv
Zanesv.
Rv
Ry.
It
Lt
P
P. 2nd
2nd
A
A
M., g ($1,000) $250,000.
Zanesv.
El. Lt. Co
,
Notes
^5 central
1903
£
ZiSuuV'a5>\l
250,000 Sept. 1, 1908
Tr. A S. D. Co., Cincln., Trustee,
lQt at We8tern German Bk, Chu in.
24,500
See text.
1901
1899 4g. F-A
250,000
Feb. 1, 1919
f003, $l!ooo each”*.. ^ 5Int- al Int-Tru9t Co->Bo3tori’trU8tee.
'tsmiSd
30
STREET RAILWAYS.
Bonds.-Of the $6,250,000 new bonds, $3,771,000 are reserved to
prior Hens, and $1,720,000 for betterments and extensions.
They are subject to call alter 5 years at 105 and int. See V.
83, p.
025. The entire issue f Col. New. A ZauesY. 1st
5s can be called at
12 71 miles of track. In June,
1901, coutrol passed to the Boston A
Maine RR.,and in 1903 the New
Hampshire Legislature authorized the
Concord A Montreal RR., which is leased to the
Boston A Maine, to
purchase the property and to issue stock and bonds to
pay therefor.
retire
110 and mt. on anv int. date; $750,000 reserved for
extensions, etc.,
at 75 p. e. of cost.
V. 80, p. 1234. The Col. Back. L. A New. bonds
are subject to call on
any int. date at 110 and int. on 3 mos. notice.
The Zanesv. Ivee. Lt. Co. notes mature $3,500
CONCORD, MASS.
annually,on Nov. 1
ROAC.— Operates about 94 miles of track from Columbus to Zanes¬
ville, including the city lines in Zanesville, Newark and
Granville,
and a branch to Buckeye Lake.
Standard gauge; 60 and 701b.
T-rail and 90-lb. girder.
Officers- -Pres..W. Kesley Sclioepf; Vice-Pres., J B. Foraker Jr.
Vice-Pres f>. G. Edwards; sec. and Treas., F. A.
Ilealy.-V. 82, p.
1156, 1211, £437, 1496; V. 83, p. 36, 213, 625.
(3)MARION
VoL. LXXXIV,
CONCORD
MAYNARD
RY.-A trolley road.
Organization—Organized in
cord A Clinton Street
&
HUDSON
Mass. Mar. 27.1901.
ST-
Acquired Can-
Ry. Feb. 1,1902. Franchises perpetual.
Stock & BONDS— Date.
Interest.
Outstanding.
Maturity
Bt’ck, $175,00o, $100
$175,000
IstMtge., $175,000;) 1902
5g. J-J
16 ,000
July, 1922
gold, $1,000 oAr s Int. at Amer. Loan A Tr. Co..
Boston, Trustee.
“Current liabilities” Sept. 30,1906.
96,250
ROAD—Operates 15 miles of track between Concord, Stow,
May¬
nard and Hudson; 9 open and 7 closed
ears, 2 snow plows and 1 con¬
,
COLUMBUS DELAWARE & MARION RY--
A holding company.
Organization.—Incorporated in Ohio in October, 1904, and owns struction car.
the entire capital stocks of the Columbus
Delaware A Marlon Elect.
Earnings—For year ending Sept. 30,1906,
HR., ($1.000,000) the Marlon Ry., Light & Power Co.
gross, $60,130; net, $22,($500,000) and 451; fixed charges, $16,150;
th« Columbus Northern Ry. Power &
surplus, $6,301.
Equipment Co. ($300,000). In
OFFICERS-Pi es.,Chas H. Persons; Treas., Henry
Sept., 1906. the interests identitied with this company organized the
Tower; See., John
W. Ogden.-V. 75, p. 184, 611.
Marion A Western'Ry. Lt. A Power
Co., with$200,000 stock, to build a
road 7 miles long from Prospe t to
Richmond; and also the Marion A
Suburban Ky., with $250,000
stock, to build lines in Marion and in
Marion County.
OHIO.
CONNEAUT & ERIE TRACTION
STOCK & Bonds—
Date.
Interest.
outstand’g. Maturity.
CO.-Trolley.
Stock, $2,500,000, $100
Organization-—Incorporated in Pennsylvania in 1901. Owns all
$2,500,000
1st ref mtge.,$2,500,000, > 1904
5g. F-A
V00,000 Aug. 1,1944 the stock and bonds and leases the Conneaut A Erie Traction Co. of
gold ($500 A $1,000) .e* 5
Int. at Mercantile Tr. Co., N. Y., Trustee. Ohio, which owns 1*99 miles of track. Franchises are for 999
years.
Bond8.—Of the new ref. mtge. $1,600,000 are reserved to
retire the
Stock & Bonds—
Date.
Interest.
bonds of the Col. No. Ry. P. & E Co., the Marion
Outstand-q.
Maturity.
Ry., Lt. & P. Co. and Stock. $800,000, *50
$300,000
the C. D. A M. Klee. HR.
Ref. Mtge..$l,250,000) 1904
5g. M-N
379,500
Officers.—Pres., John G. Webb; Vice-Pres., O. M.
May 1,1924
Gotschall;
($500A$l,000)g
,cAr
Bee.,
$
at
Fidelitv
Int.
Trust
Co.. Philadelphia, Trus.
Harry B Hane; Treas., M. J. Catrow; Gen. Mgr., George
1st Mtge., $800,000,g.) 1902
Whysall.—V.
5g. M S
' 800,000
80, p.117.
Sept. 1, 1922
($500 A $1,010) cAr s Int. at Fidelity Trust Co.,
Philadelphia, Trus.
Bonds.—Of the $1,250,000 refunding
bonds, $800,000 are reserved to
COLUMBUS DELAWARE A MARION ELECTRIC RR.retire prior liens, and remainder for
improvements and extensions.
The new refunding bonds are
<3rganization— Incorporated In 1901.
subject to oall at any time at 110 and
Interest. A sinking fund of 1 per cent
STOCK & Bonds—
Date. Interest.
OutstaneVg.
per annum for 5 years becomes
Maturity.
operative
on
non nnn ( 1901
May 1,1909; for following 5 years, beginning 1914, 2
5g. M-N $1,000,000 May 1,1921
per
cent,
and
for
Int 0t Cleveland Tr.
following 5 years, beginning 1910, 3 per cent per annum
gold ($i,uuu)
c
Cleveland, of
^ trustee, or Nat. Bank of Co.,
outstanding bonds. The 1st mortgage bonds are subject to call at
Com. in N. Y.
Bonds—see V. 75, p. 76.
any time at 110 on three months’ notice.
Rcmd -Operates 35 miles of track from
Earnings—For 11 months ending Nov. 30, 1905,
Conneaut, Ohio, to Erie, Pa.,
gross, $172,669;
net, $77,701; Interest, $45,833; surplus, $31,868.
mostly on private right of way. Standard guage, 60 lb. T rails.
En¬
ters
Erie
over
traoks of the Erie Eleo. Motor Co.
Road—Operates an electric railway over private
right of way from
OFFICERS -Pres., Robt. L. Forrest. Pbiladolphla;
Columbus to Marion, passing through
Vice-Pres., M. M.
Franklin, Delaware and Marion Freeman; 2d Vice-Pres. and Gen.
counties. Also 7 miles in the City of
Mgr., C. E. Flynn; Seo and Treas..
Delaware, a total of 57 miles. J. M.
An extension to Bucyrus is proposed.
Smith; Central Station, Elk Station,
Girard, Pa.; General
Offices, Erie, Pa.—V. 79, p. 680.
Officers—Pres., Jno. G. Webb; Vice-Pres., O. M.
Gottschall;
Harry B. Hane; Sec., Jas. S. Webb; Gen. Mgr., Geo Wliysali. Treas.,
Office,
Ruggery Building, Columbus, O.—V. 77, p. 1533, 2281; V. 80,
p. 117.
CONNEAUT,
(1)
1'L“S?ftm,W,0<W’002d
(2) COLUMBUS
NORTHERN RY. POWER
CORNING,
&
Organization—Incorporated
EQUIPMENT CO.
A
in Ohio on October 24, 1904, to erect
power bouse at Delaware and sub-stations to
supply electricity for
power and heat.
a
STOCK & Bonds—
Date. Interest. Outstanding.
1st mortgage, $300,000) 1904 5
g., M-S
$300,000
gold ($1,000)
e S Int. at Standard Trust
Co., N.
Maturity.
Sept." 1,1934
Y., Trustee.
OFFICERS-—President, John G. Webb; Secretary, Harry B. Hane;
Treasurer. Janies 3. Webb.
RAILWAY LIGHT A POWER
CO.
Organization.—Incorporated
in Ohio on June 24, 1903, and is a
consolidation of the Marion Street
Railway Co. and the Marion Elec¬
tric Light A Power Co.
STOCK & BondsDate.
Interest.
1st inortg
isr
inoitg.,
gold ($i,uuu).c
($1 000) c*
gold
5 1904
£ Int at
Outstand'g.
COLU M BUS NEW ALBANY&
JOHNSTOWN
TRACTION CO- A trolley road.
Organization.—Incorporated in Ohio on May 4, 1899. In May,
1905, canceled old mortgage for $200,000 and
made the new mort¬
gage in table below.
V. 80, p 2399.
Franchises are for 25 years.
Bonds were offered in 1906 at
85, with a bonus of 50% in common
stock. V. 82. D. 1211.
Dale.
Com., $400,000, $100
Pref. (6% oum.),$200,-)
000, $100
S
1st mtge
Interest.
Outstanding.
$400,000
Maturity.
onn nnr,
200.000
0001 1905
ftg. J-J
410,000
Jan. 1,1925
000)
at Columbus Sav. A Trust Co., Trustee, or
$1,000)
j it8 agenoy in New York.
$4K'0
ir
t4t500*
g.
(B
($DUU &
Entire issues of stock are held
by four stockholders.
Bonds.- $50,000 is reserved for
prior liens.. See V. 82, p. 1211.
year 1905: Gross, $34,513; net, after
charges, $7,605. In 1904: Gross, $31,998; net,
$4,358.
Road —Operates 8-8 miles of track from
Columbus to Gahanna,
including perpetual lease of 2hi miles of tracks of the
Columbus Ry. as
terminal; gauge, 5 ft. 2^ in.; 65-ib. T-rail. An
extension of 171*
miles to New Albany and Johnstown
over private right of
way to be
built.
Earnings-—For calendar
terminal
Officers-—Pres., Wra. D. Brickell; Vice-Pres., Daniel
Sec.-Treas. and Gen. Man., L. P.
Stephens.—V. 82, p. 1211.
J.
Organization-Incorporated
Deo. 11, 1894.
Commenced Nov. 1,
Control changed hands iu 1904. V.
80, p. 162.
STOCK db Bonds—
Date.
Interest.
1895.
,
Dividends. Divi ends on pref. stock were to
accrue from Oct.
1,
1905, but amounts due Jau. 1, 1906, and
April 1, 1906, were relin¬
quished by shareholders, and 1st div. (m%) was
paid
July,
and
1906,
1% p. c. Oct.. 1908.
V. 82, p 1440. In 1907, Jan..
o.
Road—Operates 72 miles of track from Columbus 1%p.
to Lancaster and
from Columbus to Cliilltcothe.
Is operated
by third-rail system.
Standard-gauge 70-lb T rail.
Officers—Brest. A Mgr. Frank A. Davis;
Bee. A Treas., Edwm R
Sharp; Supt. L. C. Vico-Pres.,W.S.Courtriglit;
Bradlev.—V. 77, p. 197; V.
81, P- 32, 77&, 155 i, 106L; V. 82, p. 101,
1158, 1440.
let mortgage
CONCORD STREET RAILWAY—A
trolley road,
extending from the central wards of Concord to
Petiaeqok. Comprises
j Int1809tGBeac*nJT'rf1Bt cmJBmtom”' 1916
$100,000...
Earnings—For year ending June 30, 1906.
$48,157; net,
$21,909; interest and taxes, $7, ^l6; surplus,
$14,393.
ROAD—Owns 5*9 miles of track, from
Corning u> Painted Post, 14
cars.
OFFICERS—President, J A. Powers. Trov; Vice-Pres., Jas. II. Cald¬
well, Troy; Secretary, Tlios. O'Connor.
Waterford; Treas. and Gen.
Man., W. H. Mansfield, Troy.—V. SO, p, 162.
CORTLAND, N.
Y.
CORTLAND COUNTY
TRACTION.—Trolley.
Organization—Is a reorganization on June 22, 1901, of the
Cort¬
land A Homer Traction, sold at
foreclosure on April 23, 1901. In
June, 1905, absorbed the Cortland A Horner Electric
Co., previously
controlled. Furnishes 15,0 are lights
to
Cortland and also
as passengers.
Date.
j
1901
non-cum.
the cities of
Homer and
Carries coal and freight as well
lamps to the public.
STOCK & riONpS—
Stock, common,$120.-)
000 ($100)
S
Pref., $200,000 5% *
Interest.
Out stand' g.
Maturity.
9r> nm.
$120,000
'
($100)...R
1st
one non
200,000
4g. A-O
180,000
Apr. 1, 1921
County Sav. Bk. A Tr.Co.,Scranton, Pa., trust.
Interest at company’s office. No sinking
mtge., $180,000 j
($500), gold
*o|l
fund and bonds cannot be called.
New mtge., $500,000. )
1905
5g. F-A
320,000 Aug. 1, 1935
g. ($500 A$l,000).c $
Interest at Empire Trust Co., N.
Y., Trustee.
Bond8-Of tliH $500,010 new bonds
$180,000 are reserved to retire
prior liens. They are subject to call after
Aug. 1, 1910, at 105.
Road—Operates 15 miles of track between Cortland.
Homer, Little
York and Preble, and between
Cortland and MoGrawville; 24 oars.
Earnings—For fiscal year ending June 30,
1906:
Gross
$56,228;
net. $20,755 ; other
income, $375; total net income, $21,130; charges,
$13,130, surplus, $3,000.
OFFICERS—President,
D.
W.
Van
Vice-Pres., Edw. H.
Brewer; Sec., G. H. Garrison; Treas., Hoeson;
Edwin Duffey.—V. 72, p. 821,
1187; V. 81, p. 507.
COVINGTON, KY.
CINCINNATI NEWPORT &
COVINGTON
LIGHT & TRACTION
CO.-Atrolley road
In Nov., 1903, it was
reported that this company would be leased to
the newly-formed Columbia
Corporation. See V. S3, p. 1228.
ORGANIZATION—Incorporated under the laws of New Jersey on Mar.
11,1902, and purchased all the stook of the
Union Light, Heat &
Power Co. of Covington and of the
Cincinnati Newport & Covington
Raiiway. V. 74, p. 576. The latter was organized
iu 1892 to buy up
and consolidate all the roads
on
the Kentucky side of the
river,
opposite Cincinnati.
The Cincinnati Covington A
Erlanger Street Railway (providing for
an extension to
Erlanger, 7% miles), incorporated Sept.,
1899, with
$250,000 stock (shares, $50), is controlled
and is being built out of
proceeds of sale of the pref. stock of the new
company.
About 3
miles have been
completed.
STOCK db BondsCom., $5,000,000 ($100)
Pref., 4 *e9o non-cum.,$5,-)
000,000 ($100)
Underlying Bonds—
So.
H.
Outstand’g. Maturity.
$100,000 ’05-’06,4%
Stook, $100,000; ($100)
Ryan;
SCIOTO VALLEY TRACTION
CO.-Thirdrail.
Organization—incorporated in Ohio iu 1899.
Stock & Bonds
Dale.
Interest.
Outstanding. Maturity.
Com., $1,800,000, $100
$1,800,ou0
Pref., $1,200,000 5 p. o.)
Q-J
1,180,500 Jail.’07,1%%
cum., $100.
^
1st mortgage, $2,000,000, > 1903
ft g. J-J
None
July 1,1953
gold ($L,eOO)
c* $ Int. at Un.
Sav.Bk.,ATr.Go Cin. A at N. Y.
Bona8.—No sinking fund and bonds not
subject to call.
CONCORD, N.
Y.
Maturity.
5 g. J-J $300,000 July 1,1924
standard Trust Co., N.Y., Trustee.
Bonds.—No sinking fund and bonds cannot be
called.
Road—10 miles of track in Marion. Standard
gauge. 60 & 80-lb. raiL
Officers—Pres., Jolm G. Webb, Sec., Geo. Whysall;
Treas., Jas. S.
Webb.-V. 77, p. 89.
STOCK & Bonds—
N.
CORNING & PAINTED POST STREET RY.trolley road.
Cov.
& Cin.
1st M. )
5
($1,000)
2d Consol.M.„ $500,000
g. )
($500—$1,000)
£
Newp. ADay.St.Ry. 1st M.
Date.
Interest.
Outstanding.
$5,000,000
~
..
T
,
()„.
rt„A
T
Maturity.
4^2 Q-J 4,264,000 Jan. 15,07,1%
1882
6
M-S
250,000
W. A. Goodman trustee.
1892
6
g.
J
-
J
,
.
Mch., 1912
150,000 Jau. 1, 1932
& Tr. Co., Trustee.
Covington Sav. Bk.
18S7
6
F-A
100,000
Aug. 1, 1917
Feb., 190 7. J
Date.
Interest.
Outstand'g.
Maturity.
Covington '
oonsol.mort., gold, $3,-1 1892 5 g. J-J $2,500,000 July 1,1922
BONDS—(Concl.)
Cincinnati A’airport <6
1st
000,000 ($1,000)..c* A r s Farmers’ Loan & Trust Co. of N.Y., Trustee
$1,000,000, > 1896 5 g. J - J
600,000 July 1,1922
2(1 mortgage,
Lt. Lit each)
dt P.Co.—
fold ($1,000
c rs Farmers’
Loan A Trust Co., N. Y , Trustee
1901
4
g. M-N
1,500,000 May 1, 1918
J Int. at Nat. Bank of Commerce, N. Y.; First
($100,$500A$l,000)c<fcr\ Nat’l Bank, Cincinnati, or at German
1st mtge.,
$2,000,000,
g.
1
Nat’l Bank, Covington.
S'l ooCoon l
6g.J-D
100,000 Deo. 1,1912
^100’09? ( Int. at German Nat. Bank, Covington, Ky.
^$110n0t0)gage’
Bonds -Of the rst consolidated bonds of 1892 of the O. N. A C. By.
$500,000 are deposited with the trustee to retire all the underlying
niort. bonds.
The perpetual charters of constituent companies are
fcept alive, and their capital stocks are deposited with the trustee as
collateral for the first consols. Interest on those bonds is payable at
the Nat. B. of Commerce, N. Y.. First Nat’l Bank, Cincinnati, and Ger¬
man Nat’l Bank Covington.
The Union L’t, Heat & Power Co. bonds
can be called after May 1,1906, at 110 and interest.
Of these, $500,000
are available for improvements, additions, or purchase of other com¬
panies at par for aotual cost.
Dividends. - The ilrst dividend of 1 p. c. on preferred stock was paid
in Oot, 1902
On Jan. 15,1903, lk p o. was paid and April Ik p. c.;
July 15, 1
p. o ; Oot. 15. Ik p; o. In 1904, 4k p. o. In 1905, 4k
p. c. In 1906, 4k p. c.
In 1907, Jan., Ik p. o.
Road—1Connects Cincinnati, Newport, Covington, Dayton, Bellevue,
Ludlow, Bromley and Ft. Thomas. Total in operation 60 miles; laid
with 80 Johnston girder and 72-pound “T" rails.
Latest Earnings—For 12 months ending Oct. 31, 1905, gross,
#1,406,295; net after taxes, $617,637; Interest, $251,000; dividends,
$187,200; surplus, $179,437.
OFFICERS—President, James C. Ernst; Vice-President, James M.
Hutton: Secretary, C. M. Thumauer; Treasurer, George M. Abbott;
8upt., Jas. R Ledyard.—V. 74, p. 986,1307; V. 83, p. 1228.
CUMBERLAND, MD.
CUMBERLAND & WESTERNPORT ELEC¬
TRIC RY- A trolley road.
In March, 1996. it was reported that this company would be consol¬
idated with the Westernport & Lonaooning Ry.
Organization—Organized in Maryland on April 11,1902, by special
Act of the Legislature, as successor to the Frostburg Eckhart & Cum¬
berland Ry. Has absorbed the Lonaooning Midland & Prostburg Ry.
Date Interest Outstanding
STOCK & Bonds—
Maturity.
8tock. $1,000,000. $50
$398,100
Sept. ’03 ,3%
FmtgeCk'$4o OOO^irold* 1 1901
J“D 15
230,000
June, 1926
($500 & $1,000) g c* j Int- at Real Estate Tr. Co., Phila, Trustee.
Lon. Mid. A Frost 1st M.
1901
J-D
>
5g.
15
200,000
June, 1926
$200,000,g. ($1,000),c* s Int. at Real Estate Tr. Co.. Phila., Trustee.
Bonds.—No sinking fund, but bonds can be called after June 15,
1910, at 105.
Dividends.—A dividend of 3 p. c. was
paid In Sept., 1903
Earnings—For 12 months to Deo. 31, 1904, gross, $96,925.
In
1903: Gross. $91,211; net, $43,532.
Road-Operates 20 miles of track between Cumberland and Lonaooning, 60, 75 A 92 lb. T and girder rail; standard gauge.
OFFICERS—Pres., DeWarreu H. Reynolds, Cumberland; 8ec. and
Treas., D Percy Hartzell, Cumberland; Supt., J E. Taylor, Frostburg
DALLAsT TEXAS.
DALLAS ELECTRIC CORPORATION-Trolley
Organization—Incorporated in New Jersey in 1902. Does an elec
trie railway and electric lighting business in Dallas by virtue of the
ownership of securities of certain local companies. In Jan., 1907,
it was intended to consolidate these local companies. See V. 84, p 157.
Date. Interest.
Stock & Bonds—
Outstanding.
Maturity.
Com., $3,000,000 ($100)
$3,000,000
.
$2,000,000, 5%
non-cum. ($100)
1st oollatT irust mtge.,) QAO
$4,000,000, gold ($100.iyUw
Pref.,
J
A-O
2,000.000 Oct.,’06,2^
3,827,000 April, 1 1922
U^Tn.st do.; Boston. T'rStw
Bonds.—A sinking fund of 1 p. c. per annum of outstanding bonds If
earned, commencing Oct. 1, 1904, is provided; after Oct. 1,1905,
becomes a fixed charge. Bonds can be called as a whole on any int.
date beginning Oct. 1, 1904. ar: 105 and interest. $25,000 of the
bonds are in denon mat on of $100, balance being $1,000 each.
Earnings- -For]12 mos. ending Dec. 31, 1906.lgross, $1,023,136: net,
$323,993; interest, $lb5,646; surplus. $138,347; sinking iund, $37.743; dividends, $l<i0,000; balance, $604.
Road-—Owns aud operates 55 4 miles of traok in the City of Dallas
and suburbs.
Rails, 45 to 91 lbs.
142
cars.
OFFICERS—President. Guy E. Tripp; Wo-President, C. N. Mason;
Treasurer, A. Stuart Pratt; Secretary, Henry R Hayes.
Stone &
Webster, Boston, Auditors and Transfer Agts -V. *>1. p. £58, 1723; V.
32, p. 691, 801, 868; V. 83, p. 323; V. 84, p. 157.
DANBURY, CONN.
DANBURY & BETHEL STREET RY
Organization.—Incorporated May 7, 1886, under the laws of Con¬
necticut.
Has a perpetual special charter, the only street car com¬
pany serving the city of Danbury and town of Bethel. Its lines
also extend to the Danbury Fair Grounds aud the pleasure resort of
Lake Kenosla. lu May, 1903, the State Legislature authorized an
increase oi $300,000 of capital stock, to provide for extensions.
STOCK & Bonds—
Interest.
Date.
Outstand'g.
Lastdiv.,etc.
Stock i$623,000,par$25)
Semi-an.
$320,000
See text,
1st M. $200.000,gold.... 1894
5g. M-N
200,000
May 1, 1914
Consol, mtge. $309,000 >
g.
Bonds.—Are not subject to oall.
R. -ad —Has under construction 19 miles of track fiom Danbury,
Conn to Golden’s Bridge. N. Y. 70 lb. rails.
Officers—Pres W. E
V. 83, p. 36, 818.
($500 A $1,000....
, Qn«
am
xr
E 1906 5P- W_:N
innnnn
May 1, 1936
100,000
Interest at Am. Loan A Trust Co., Boston, trustee.
Bonds.—Of the $300,000 new mortgage, $200,000 is reserved to re¬
tire the 5s due 1914.
Dividends iu 1896-7, 4 p. c.; in 1897-8, 4 p. c.; in 1898-9, 2 p. c.; in
1899 1900, lk 1>. e.; in 1900 01, lk% in 1901-2, 3%; in 1902-3, 3%;
Id 1903-4, I k°o. None since.
Road—Trolley road in Danbury and from Danbury to Bethel, and
to Lake Kenosia, ’ 0*6 miles in all: Bidings. etc., 1 *1 miles: total. 11’7
miles: *1 oars, An extension of 2 k miles in Danbury is proposed.
REPORT—For year cndlug June 30:
Cross.
Net.
Int. tf taxes. Dividends. Bal.,«ur
None
1905-06....$101. 63
$33,318
$16,074
$17,214
•5.9('4-05
None sur., 10.541
92.747
24,950
14.40.-)
1903-04
86 ,566
18,96.3
14,544
(lef. 376
4,800
OFFICERS—President, Samuel C. Holley, Danbury; Vlce-Pres,, 8.Har¬
rison Wagner, New Haven; Sec’y and Treas., M. H. Grilling, Danburv
-V. 63, p. 36.
DANBURY Sc HARLEM TRACTION CO-A
trolley load.
OrGAN Zati )n.— Incorporated in New York on Sept. 11, 1991.
Stock 6c Bgnds. Date.
Interest.
Outstanding. Maturity.
Stock, $50w 6O0, +100
$300,000
1st mtge, $500,000,g )
5g. J-D
(?)
June 1,1933
($1,000).
v
<
Knickerbocker Trust Co., N. Y Trustee.
,
Locwe;
.
Hec’y, W. H. Cable;
Treas., J. A.
Serre.
at
T/iion
31
STREET RAILWAYS
DANVILLE,
ILL.
ILLINOIS TRACTION CO.OrQanization -Incorporated in Maine on May 13, 1904, and owns
all the capital stock of the Danville Urbaua A Champaign Rail¬
way, the Urbana A Champaign Railway Gas A Electric Co., the
St. Louis Decatur A Champaign Railway, the Danville Street Ry.
A Light Co., the Decatur Ky. A Light Co., the Jacksonville Ry. A
Light Co., the St. Louis A Northeastern Ry., the 8pringtleld A North¬
eastern Interurban Ry., the Chicago Blooming on A Decatur Rv., the
Bloomington & Normal Ry. A Light Co., the Peoria Ry. Co., the Peoria
Bloomington A Champaign Traction Co., the St. Louis & ftpringtield
Ry., the Illinois Central Traction Co., the Edwardsviile Light & Power
Co. and the Urbana Light Heat A Power Co.; also owns control of the
Springfield A Northeastern Traotion Co.
STO CK & Bonds—
Date.
Interest. Outstand'g.
Last Die
Common, $7,000,000, ($100)
$6,359,500
P
58*00)CUUQ V. f.4.’.00.0.’" \
Q“J
3,274,300Jan.’07,lk%
CK30
•
Stock—Additional pref. stock can only be issued when n-*t earnings
are equal to 9% oa pref. stock out and the amount proposed to be is¬
sued.
Pref. stock is listed on Montreal Stock Exchange.
Dividends.—Six per cent per annum is being paid on the pref. stock.
RepokT.—For the 12 months ending Deo. 31, 1906, (Including all
the properties below: Gross. $3,013,108; net, after taxes, $1,361,952;
fixed charges, $656,360; dividends on pref stook, $196,458; surplus,
$509,134. In 1905, gross, $1,670,476; net, $746,345; fixed charges,
$369,670; surplus, $376,675.
Road.—The prope»ties controlled operate a total of 500 miles of
tra* k and have 75 miles additional under construction, wbioh was ex¬
pected to be completed during 1907.
OFFICERS—President, W. B. McKinley, Champaign; Secretary, T. B.
Maoaulej; Treasurer, A. M. Crombie; Ass’t Treas., Geo. M. Mattis;
Vioe-Pre’s. and Gen'l Mgr., L. E. Flsolier.—V. 82, p. 280, 804,1437; V.
83, p. 95, 435.
(1 ) DANVILLE URBANA & CHAMPAIGN RY.—
Organization—Incorporated In Illinois, under the railroad laws, on
July 28,1902. Owns the Danville Paxton & Northern Ry.
STOCK & Bonds—
Date.
Interest. Outstanding.
Maturity.
Stock, $2,000,000
$2,000,000
1 at mnrt
Q9 ooo nor) (
1,712,000
1903
5 g. M-S
Mar. 1, 1923
JrJid
gold
($i,uuu), gu.o
] Lt. at Agenoy of Bank of Montreal, New York,
^
Northern Trust Co., Chicago. Trustee.
1905
6 g. J-J
328,000
See text.
c (Int. at Merchants’ Bank of Canada, N. Y.
gold ($1.900)
Bonds—The first 5s have no sinking fund, but are subject to call on
any Interest date upon 8 weeks’ notice at 105 and interest. The bonds
are guaranteed, principal and interest, by endorsement by the Danville
St. Rv. A Light Co. and the Urbana A Champaign Ry. Gas & Eleotrio
Co. V 81,p.264. The 2d 6s mature $>0,000 on Jan. 1, 1908, and
$50,000 each Jan. 1 thereafter. They are suujeot.to oall at par on 30
days’notice. Are guar, as to prill, and int. by Illinois Traction Co.
Trustees are Montreal Trust & Deposit Co. and Thos. Fyslie.
EahN'nGS.-For calendar year 1906, gross. $-<23,938; net, after
taxes, $le'5,832; interest, $102,180; surplus, $53,652
Road—Operates 67 miles of track from Champaign to Danville
Georgetown and Catlin. 70 lb. rails. In addition 13k miles is oper¬
ated by tb« Danville Street Ry. & Light Co. and 9 miles by the Ur¬
bana & Champaign Ry. Gas A Eleotrio Co
Officers-President, W. B McKinley; Seo’y. E. A. MaoNutt; Treas.
2d
mort., $500,000, <
Geo. M. Mattis—V. 81. p.
264;. V. 83, p. 435; V. 84,
p.
338.
(2) DANVILLE STREET RAILWAY & LIGHT.
Organization.—Incorporated in Dec., 1899, as a consolidation of
all the street railway, electric light, gas and steam heating interests.
Entire stock is owned by Illinois Traction Co.
STOCK & Bonds—
Stock, $700,000 ($100)
Refund.
$1 000
Date.
Interest.
Outstand'g. Maturity.
$700,000
M., $700,000, gold, *
Ronds—The bonds
are
inclusive, and remainder
1900 5 g. J-J.
700.000Jan.l,’10-25
o* \ Int. at N. W. Harris A Co., N. Y. and Chic.
due $6,000 annually, Jan. 1, 1910, to 1924,
on
Jan. 1, 1925;
$16,000 of old prior lien 6
Jer cent
bonds
are still
out
Sinking
fund
per year
begins
$6,000interest)
1,1910,
bonds
being
drawn
(at par
accrued
iu numer¬
and of
an.
ical order, beginaing with number oue; mortgage trustee is the Illinois
Trust A Savings Bank, Chicago. N. W. Harris A Co. offered the bonds
for sale in Jan.. 1900. See V. 70, p. 125.
Company’S Property—The company owns the following: 1. Gas
works operated under special charter and a perpetual franchise. 2.
An electric-light plant is operated under a 99-year franchise, with
capacity of 25,OOOincaudescent and 600 arc lights, with dynamos for fur¬
nishing power to street railway. 3. The entire street railwray system
of the city, 13k miles of track, nearly all laid in brick pavement
running to three parks, the fair grounds, cemetery ana railway
depots and National Soldiers’ Home. Equipped with 50 and 60 lb.
Johnson T rails, with 25 motorcars (General Electric) and 3 trailers.
Officers—Same as those for Danville Urbana & Champaign Ry. Co.
-V. 76, p. 1142,1300.
(3) URBANA A CHAMPAIGN RAILWAY GAS A ELECTRIC CO.
Organization—A consolidation in 1897 of Urbana A Champaign
Elec. St., Cham. Elec. L. & P., Cham. A U. Gas L. A Coke and West End
Park Co. Ow ns perpetual gas and steam charter. The underlying rail¬
road efiarter is also perpetual. Franchise in 1901 extended for 20 years.
STOCK & Bonds—
Stock $500,000
U. A C. Ry. G. A
Dale. Interest. Outstand'g,
Maturity.
$500,000
E. M., $250,-)
1897 5g. J-D 202,000 June 1,1917
000, g., s. f., $8,000 yr. June > Int. at Ill. Tr. & Sav’gs Bank, Chicago
1,1900 and after ($1.000).c* J
trus., or at Chase Nat. Bk., N. Y. City.
Consol, mortgage, $500,000 )
1899 5g.J-J
274,000 July 1.1929
($1,000 gold)
c S Int. Portland Tr. Co., P’tland,Me.,Trus.
Bonds—Of the new issue of $500,000, sufficient arereserved to re¬
tire first mortgage bonds.
The bonds are subject to call ou any inter¬
est date at 105.
Road—Operates 9 miles of track in and between Champaign and
Urbana.
(4) DECATUR RAILWAY A LIGHT
CO.—
Organization.—Incorporated in Illinois in Deo., 1903, to take over
the property or the Decatur Traction A Elec. Co., the Decatur Gas A
Elec. Co. and the Decatur Steam Heating Co owning all the street
railway, gas and electric lighting business and steam-heating plant
,
in Decatur and suburbs.
STOCK 6c Bonds—
Stock, $1,300,000 ($100)
Decatur Gas A Elec. Co.
Date.
$ 1899
Interest.
Outstand'g.
$1,300,000
5 MAN
-
Matur’y
300.000 May 15,’29
1st M
(Int.at Merchants’ L. A Tr. Co., Chic., True.
Decatur Gas A Elec. Co.. ( 1899
5 MAN
90,000 May 1,’30
2d M., $400,000 (*300,000 'lilt, at Merchants’ Loan A Trust Co.
reserved for above)
t Chicago. Trustee.
Dec. Trac. & Elec. 1st M.,( 1900
5 J-J
212,000 Jan 1,1920
$250,000, ($500 and $l,-<Inr. at
000 each)
*c.
Decatur Rv. A
mortgage
($1,000)
(
Illinois Trust
Chicago, Trustee.
Savings Bank,
Light Co. ( 1903
5g. J-D
600.000 Dec. 1,’33
$1,300,000, g.,Hnt. at City Trust Co, Boston, Trustee,
*c. t
and at agency iu New York.
32
STREET RAILWAYS
Bonds.— $602,000 Decatur Ry. & Lt. Co. bonds are reserved to re¬
tire equal amount of prior liens as above and $98,000 for future ex
tensions. A sinking fund of 10 p. o. of net earnings, or not less than.
1 p. o. of outstanding bonds, Is to be invested in the bonds. These
bonds are subject to call at 105 and int. on any Interest date upon
6 mos, notice. Of the Decatur Gas Electric Co. first mtve bonds,
$15,000 must be redeemed on May 15,1910. at 105 and a like amount
each year thereafter in numerical order. These bonds are subject to
call In 1909 at 105 and Interest. The second mtge. bonds of the
Decatur Gas & Electric Co. are redeemable at anytime after May 15,
1909, at 105 and interest, but there is no sinking fund on these bonds.
Road—Operates 17 miles standard-gauge road In Decatur and sub
urbs; 60 and 72-lb. T rails.—V. 78, p. 1961.
(5)
PEORIA BLOOMINGTON & CHAMPAIGN TRACTION CO.
Organization. —Incorporated in Illinois in April, 1905. Has 50
year, franchises in Bloomington anJ Peoria.
Dae
Inter st.
StAck & Bonds.—
Maturity.
Outstan’dg.
All owned by Illinois Traction Co.
Stock, $5,000
1906 5 g. M N $/,000.000
Nov. 1, 1936
1st moit, $3,000,000,
Int. at Merchants’ Bank of Canada, N. Y.
c* Central Trust
gold ($1,000)
Co., Chicago, Trustee.
Bonds—Are guar prin. and int. Ov III. Trac. Co. They are subject
to call on any int. date at 105 on 30 (lays’ notice.
Road.-Is to operate 90 miles of track from Peoria to Champaign.
Standard gauge, 70 lb T-rail.
Is completed bet veen Bloomiugton and
Peoria, 40 miles, with exception of br.dge over Illinois River. This
latter is expected to be completed about April 1907.
..
,
(6) JACKSONVILLE RY. & LIGHT CO.-
ORGANIZATION.— Incorporated in Maine in Dec.. 1905. and is
Date.
Interest.
Outstand'g
$U0,000
ioor
r
»
r
30 miles of track from Springfield to Lincoln. Officers same
other subsidiary companies of Illinois Traction Co.
(13)
t
^(centralTrust Co.
Light &
?$i0OO<S?°0' gUa.r;.'
a con
,
Light
Maturity.
400,000 Jan. 1, 1931
Chicago, Trustee.
Jacksonv. Gas
5 J-J
175,000 Jan. 1, 1931
Coke Co. 1 st mtge
Int. at Merchants’ Loan A Trust Co Chic.
Jack Ry 1st mt«:e., $75,-A 1892
6 .I-J
34 000 Jan. 1, 1912
000 ($1.000)
s 8t. Louis Union Trust Co., Trustee.
Bonds—Of the $1,000,000 1st consols, $209,000 are reserved for
prior liens. Are guar., p. and i., by III. Trao. Co. Two per'cent of
bonds out is payable annually to a sinking fund. Are sulject to call
on any int. date at 105.
Int. payable at Merchants’ Bank of Canada,
New York.
Roao.—Operates about 7 miles of trafck and also does electric light¬
ing and gas business in Jacksonville.
ST. LOUIS DECATUR A CHAMPAIGN RE¬
Illinois Traction Co.
(14) ILLINOIS CENTRAL
TRACTION CO.-A trolley road.
ORQANIZATION-Incorporated in Illinois in 1903 under general rail¬
road laws.
STOCK & BOND8—
Date.
Interest. Outsian^ina.
Maturity,
Stock.
$1,100,000
1st mtge $2,0 0,000 >
1903
5g..JD
Dec. 1,’33
1,370,000
($1.00- ) gold, guar .o* 5 Int. at City Trust Co.. Boston, Trustee.
Bonds —Are subject to call on any Int. date on 60 davs* notice at
,
107^3 ami int.
Are guaranteed, p. and i.. by Illinois Traction Co.
804. A S’nkfuj fund of 10 p. c. of net earnings becomes
operative Dec. 1,1908, hut not to be less than 1 p. o. Of bonds out¬
V. 82, p
standing.
Road—Operates 43^ miles of track from Decatur to Sprlngdeld, with
extension from Buffalo to Mechanicsburg; 70 lb. rails.
Earnings-For year ending Dec. 31,1906, gross. +229,691; net after
taxes, $103,490; interest, $65,009; surplus, $33,490
OFFICERS—Pres., W. B. McKinley; Sec E. a. McNutt; Treas., Geo.
M. Mauis; Gen. Mgr., F. E. Fischer.
V. 82, p. 801; V. 84, p. 339.
an
(15) URBANA LIGHT
& DECATUR RE¬
-
.
OFFICERS.—1Same
as
those for Illinois Traction Co.—V. 81, p. 558.
RY.—
Stock, $ 00,000.
McNutt; Treas., Geo. M. Mattie; Gen. Mgr., F. E. Fischer.
(16) MADISON COUNTY
Is
Stock all owned
temporary mortgage
by Illinois Traction Co. In May, 1906, made a
for $3,000,000 to 8. H. Ewing and S. H. Dangaii of Montreal
trustees.
as
Stock & Bonds—
Interest. Outstanding.
Date.
Maturity.
Stock, $1,000,000 ($100)
$1,000,000
Road.—operates 70 miles of road from Staunton to Edwardsville;
from Edwardsville to Granite City; from Edwardsville to East et.
Louis; and from Hillsboro to Staunton.
Officers —Same as those for III. Traotion Co.—V. 81, p. 156, 976.
in
PEORIA RAILWAY CO.-A trolley road.
Organization—Incorporated under general railroad laws of Illinois
1906, and is successor ti the Central Ry. Co. Franchise in t eoria
expires in 1926. Entire stock is owned by the Illinois Traction Co.
STOCK & Bonds—
Date.
Interest.
Outstand'g.
Maturity
Stock, $1,000,000
$1,000,000
) 1906
5 g.F-A
2,730,000
See text.
000, gold, ($1,000) o* vlut at A8ency of Merchants Bank of Canada;
Cen. Ry. 1st M., $750,-> 1895
5.g.AAO
5*70,000 Apr. 1,1915
000, g.,($ 1000/...
Interest at N. Y. Trust Co., N. Y., trustee.
Bonds—Of the $3,600,000 new bonds, $570,000 are reserved for
prior Hens and $280,000 for future betterments. They are guar., prin
cipal and Interest, by the Illinois Traction Co. The trustee is the
Chicago Title & irustCo. The bonds expire on Feb. 1, as follows:
$25,000 in 1908; $30,000 in 1909; +35,000 in 1910; $55,000 in 1911;
$60,000 in 1912; $c5,000 in 1913; $70,00J in 1914; $75,000 in 1915;
$80,000 in 1916, $85,000 in 1917; $95,000 in 1918; $100,000 in 1919;
$105,000 in 1920; $110,000 in 1921; $115,000 in 1922; $120,009 In
1923; $125,0JO in >924; $130,000 in 1925; and the remaining
$1,250,000 in 1926. They are subject to call on any int. date at 105
1st A Ref M
and int.
$ { (JOO
-
See V. »3, p. 38, 436.
EARNINGS—For fiscal year ending March 31,1906, gross, $538,355;
net, $299,227.
Road—Operates about 50 miles of track, of which 15 miles are
double track
Has 134 motor cars and 60 trailers.
(10) BLOOMINGTON <fe NORMAL
RAILWAY A LIGHT CO.-
Organization—Incorporated in Illinois
on
Feb. 23, 1906, as a con¬
solidation of the Bloomington & Normal Re,, Eleotrio A
and the Consumers’ Light A Heating Co. of Bloomington.
Heating Co.
STOCK & Bonds—
Date. Interest.
Ouisl’a'g.
Maturity.
Stock, $1,090,000, $100
$1,000,000
ref. M., $2,000,-> 1906
5-tAO
580,000 May 1, 1936
000, gold ($1,000)
o > Central Trust Co., Chicago, Trustee
B. AN. R. E. AH. 1st M.,) 1902 5g. J-D
600,000 June 1,1927
$600,000($l,000)g.,s.f.c* s Int. at Ill.Tr. ASav. Bk.t Chicago. Trustee.
Bonds.— Of the $2,000,000 new bonds, $600,000 are reserved for
prior
liens and $740,000 for extensions, and $80,000 are held in companv’s
treasury. Are guaranteed, principal and interest, by Illinois Traction
Co. Interest is payable at Merchants' Bank of Canada, Now York.
No sinking fund, but bonds can be called at 105 on any interest date.
The Ry., Electric & Heating Co. bonds are subject to call at 110 and
Interest, binklng fund, $10,000 annually, beginning with 1908.
1st and
Road—Operates 18 miles of traok in, around and between Bloom¬
Rails 45, 60 and 70 lbs.
ington and Normal.
(11)
ST. LOU18 & SPRINGFIELD RY.-A trolley road.
Organization - Incorporated in Illinois in 1903.
Date. Interest. Outstand’g.
STOCK & .ONDS—
Maturity.
Stock
$^00,0C0
1st mtge., $2,250,000 ...)
1903 5 g. J-D 1,520.000
Dec. 1,’33
($1,000/ gold, guar
c* > Int. at City Trust Co., Bostou, Trustee.
Bond..-Are subject to call on any int. date on €0 day*’ notice at
107**. Are guaranteed, p. and i., by the Illinois Traction Co.
R >ad—Operates 61 miles of track from Springfield to Carlinville.
(12)
SPRINGFIELD A NORTHEASTERN TRACTION CO.
Organization.-Stock, $1,500,000, control of which is held by the
Illinois Traction. Temporary bonds only have been issued. Operates
LIGHT A POWER CO.-
consolidation in 1903 of the Edwardsville Light* Power Co.
and the Granite City-Venh e Electric Co.
Supplies light and power to
a
Edwardsville, Granite City, Venice and Brooklyn.
Temporary bonds out, $319,000.
Stock, $ LOO,000.
DAVENPORT, IOWA.
IOWA & ILLINOIS RY.-A trolley road.
Organization —incorporated in Iowa in September. 1901. Is an
electric load, with a steam charter. Franchises expire in 1951.
Stock & BondsDate. Interest
Outstand'g.
Maturity.
Com., $1,500,0001$100)
$1,509,000
'
Pref $500,000, 6% n. ?
foocoo
,
**
too,ooo
1904
5g J J
Jan. 1, 1924
1.050,000
c* s Int. at Girard Trust Co., Phila., Trustee.
Bonds. Of the $2,000,000 authorized. $509,000 are reserved for ac¬
quiring other railways and $450,000 to provide for steam railway
terminals and equipment at 80% of cost No sinking fund, but
subject
to call on any interest date at 105 and interest See V 82,
p 100, i.60.
Earnings —For calendar year If 06. gross, $109,183. '
Road —Operates 36-4 miles of track between Davenport and Clin¬
ton on private right of way. 70-lb. T-rail. Standard
gauge. Has traffic
agreement for transferring passengers to Rook Island and 'Moline, Ill.
Officers -Prest., Garr«tt E. i amb; Vioe-Prest and Treas., Frank
W. Ellis; 2d Vioe-Prest.. Henry Thuenen; Treas., C. B. Mills;
See., C.
B. Mills; Gen. Mgr., P. P. Crafcs, Clinton, Iowa.—V. 80, p. 1053; V.
82,
o.,
($100)
1st mtge.
p.
Organization —incorporated in Illinois in 1901.
(9)
HEAT A POWER CO.
lighting and steam heating business of Urbana.
Bonds, $51,500. Pres., W. B. McKinley; 8ec.,E. A.
5
$2,000,000.)
gold ($1.000)
ORGANIZATION.—Incorporated in Illinois in April. 1905, and operates
a road fr<m Bioomlngion
through Clinton to Decatur, 44 miles.
Stock is all owned by the Illinois fraction Co.
STOCK & Bonds—
Date. Interest.
Outstand'g. Maturity.
Stock
All owned by Illinois Traction Co.
1st Div. M
$2,000,000, < 1916 5 g A-O
$1,000,000 Oot.1,1936
guar., g. ($1,000)
w ) Central Trust Co Chicago, Trustee.
Bonds—Are guar., p. and i., by Ill. Trac Co. They are subject to
call on any int. date on 30 days’ notice at 105.
(8) ST. LOUIS A NORTHEASTERN
for
ORGANIZATION —The entire $100,000 stock Is owned by the Illinois
Traction Co. Only temporary bonds have been issued. Operates 50
miles of track from Champaign to Decatur. Officers same as for
,
(7) CHICAGO BLOOMINGTON
as
Controls the electric
soiidatlon of the Jacksonville Ry. Co. and the Jacksonville Gas
& Coke Co. Franchise perpetual.
Stock & Bonds—
Stock, *500.000, $100
Jack. Ry.AL'tlst con. M.,)
[VOL. LXJCX1V.
100, 160.
'
THE TRI-CITY RAILWAY & LIGHT CO.-f^e
Map page 33.)
O RQ an Ization—Incorporated in Connecticut in April, 1906, and
owns the entire capiial stock
(except directors’ shares) of the People’s
Power Co the i- eonle’s Light Co., the Davenport Gas AEleo.rlo
Co.,
the Tri Citjr Rv. Co., the Davenport
Suburban Ry. Co. and the
Moline East Moline & Watertown Ry. Co. All stock and bonds
(with
the exception of $473,009 bonds given below) have been
deposited
as additional security for the new
mortgage Controls all gas planti,
electrio lighting companies and street railway lines in the contiguous
cities of Davenport, Iowa, Rock Island, Moline and East Moline,
Ill.
Population served approximately 100,000.
STOCK & Bonds—
Date. Interest. Outstanding.
Maturity.
Common, $9,000,000, $L00
$9,000,000
Pf.,$3,000,000,6% cum .$100
6 Q-J
2,600,000 Jau,’07,1 Mfr
Coll, trust 1st lien, mtge., > 1906
5g A-O
6,648,000 Apr. 1,1923
$9,009,000
c«fer £ Int. at N. Y. Tr Co., New York, Trustee.
(1891 6 g J - J 411,000 July 1, 1907, to
Dav. & R. I., 1st M.,gold..o* J
(Part due yearly) July 1,1911
$1,000,000($500 & $1,000) | Int. payable inN. Y.atChaseNat. B’kand
1
in Chicago at Ill. Tr. A Sav. Bk. .Trustee.
Tri City By
5
$57,000
Dav.Con.G.El Lt.AS.H.Co
6
5.000
Siock.—Preferred stock is redeemable at 120. See V 82. p 1213,
Bmds.—Ot the $*,000,009 new bonds, $473,000 are reserved for
prior liens, $1,500,000 for additions and improvements ami $379,000 for 85 per cent of cost; or future a lditious and Improvements. Are
subjeotto 'all on auy hit date at 10 s and Interest. A sin Kino fund
provides for the redemption of $2,2 ‘>0,099 bon Is by maturity. Coupon
bonds are in denomiuatio i of $1,0 JO and registered bou Is in $1,000,
$5,000 or $10,009. Of the Dav. * Rook Isl. bouds, 5 per ceut is due
annually to L910 and the balanoe oa July 1, 1911.
Dividends.— irst dividend on pref.. l1^ p. o., paid July, 1906, and
l^p. c. was agaiu paid Oct. 1, 1906. In 1907, Jan., I1* p.e.
Latest Earnings—For 9 months ending Deo. 3;;
Year.
1906
1905
dross.
$1,251,507
Net.
Fixed (hat ges.
Surplus►
$498,910
$243,137
$255,773
1,091,693
339,112
Road—Operates about 85 miles of standard-gauge traok, oonueoting
the cities of Davenport, Iowa, and Rock Island, Moline and East
Moline, Ill.; 80-lb. girder and 60 to 75 lb. T-rall.
OFFICERS—Pres., J. F. Porter; Vice-Pres.. P. G. Gossler. New York;
Vice-Pres., Geo. D. Maokay, New York; See., H. R. Tobay; Troas., T. F.
Wickham; Ass’t Sec, M. K. Parker.—V. 82, p. 696, 753,93?, 1213,
1497.
DAYTON, OHIO.
CITY RAILWAY CO.—A trolley road.
Organization—Chartered May 12.1893. Is a consolidation of the
Dayton Street RR„ the Dayton & Soldier’s Home RR.. the Fifth Street
RR. and the Green line.
Franchises run for 50 years from Feb. 8.
1892, and April 19, 1893.
In Dec., 1906, $100,000 new common stock was offered to share¬
holders at par; at the same time a special dividend of 5 p. c. ou this
stock was declared. See V. 83, p. 1590.
Date. Interest. Outstand'g. Maturity
$2,100,000 See text.
$600,000 ($100)
6 p. c.
600,000
do do
1891
6 J-J
65,000 Jan.l,’ll
Dayton A Soldiers’Home)
RR. 1st mortgage
S Interest at Chemical Nat. Bank.N. Y. City.
Dividends—In 1900, 6 p.c. on both com. and pref.; in 1901, 6 p. o.,
In 1902, 6 p. c.; 1903, 6 p. c. on both stocks; also, ou the common, a
dividend of 1623 p. o. (+250,000 in new stock at par or in cash* was de¬
clared in Nov., 1903 (paid Jan. 1, 1904). In 1904, 6 p. o. oa both
com. and pref.In
1905, Jan. and April, l1^ p.o. on both coin, and pref.,
on July 1 and Oot. J, lha p. c. ou preferred andl^i p. o. on common. In
STOCK & Bonds—
Com. stock,
Pref. stock,
$2,400,000 ($100)
I
t
'Ml
"'
Mt**Rr
Park
*F Kim^wi\l9.m$m ȴ.,'itf f
Ti■>•»»!rn?V'i^Jfow*
Orphans Home
ST.
1
PLANTS
GAS
._' Centrali
'-
■»!
Generating Plant of Entire System.
To be Central
0ukda!e\Ce meter y
Davenport Gas & Electric Company.
Peoples Power Company.
3
n
/
Peoples Light Company.
A
AKDALE
’
rV
C
ZJ
3RAILWYS.
CAMP
MCCLELLAN
o:
IV
/
•o>
BETTENDORF
JOVVA
r I’Lu.t
»**n'•• »*;»«»»•! <*a*
X u» * Elt fli i.- <
i,,
"
-V V.
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i
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fKANSAS CITY
JEFFERSON CITYA.
..
Terre
.r
HauteV
Louisiana
.Alton
JfsT.LOUIS
)
,
34
STREET RAILWAYS
1906, 6 p. c. on pref. and 7 p. c. on common. In 1907, J»n.,l^
p. c. on prof and 13* p. c. on common; also a special dividend of 5 p. c.
on (omrnon (V. 83, p. 1590).
Road—Controls and operates in all 30 miles of track,namely, Tliira
Street Line, i?1fth Street Line, Green Line, Dayton and Soldiers’
Home Ry. and Rammer Ave line; gauge, 4 ft. 8*2 in; rails, 70 and
80-lb. T and 70 and 90 lb girder: operating 42 G. E. 67 and 50 G E
800 motor equipments; 100 motor cars. 10 trail ears, and 2 sprinklers.
OFFICERS—President, D. B. Corwin; 1st Vice-Pres., C.B. Clegg; 2d Vice
Pres.. K. J. Barney; Sec.. E. D. Grimes; Supt. and Purch. Agent, T. E.
Howell. Office, Wes ern <fc Auburn avenues, Dayton. V. 77,
p. 2158,
2280; V. 81, p. 31; V. 83, p. 1590.
OFFICERS—Pres., W. M. Galbraith.Pitts.jJVice-PreB. andjTeas., C.'McJr., Pitts.; Sec., W. N. Enibert, Kenton.—V. 83, ». 1228, 1469. *
Gee
DENISON, TEXAS.
DENISON & SHERMAN RY.-A trolley road.
Organization—Incorporated in Texas on August 27, 1900. Com¬
menced operations May 1, 1901.
Franchises, 50 years in cities.
Private right of way between cities.
STOCK & Bonds—
Date.
Interest.
Outs'andtng.
Maturity.
Stock, $300,000 $100
$250,000
1st mort
$350 000^ 1992
5
J.-J.
260,000
July 1, 1927
$330,000 > Illlnoi8 Tr, & Sav. Bank. Chio & w H Henkle,
“IS;’
($i,ooo»....
..
.
...
2d mortvatre $50
6
Q.-J
50,009
Ju*y 1,1912
Interest at Illinois Trust A Savings Bank,
Chicago, and W. H. Jlenkle, trustees.
Bonds—In'erest payable in New York and Chicago. First mortgage
bonds are subject to call on July 1, 1917, or after, at 195 and interest.
A si"king fund begius July 1. 1905, of 2 p. o.
per annum of bonds out¬
standing until 1913, when amount payable is 3 p. o. per annum until
1917; from 1918 to 1922, inclusive, 4 p. 0. per annum; 1923 t» 1926,
Inclusive, 5 p. o. per annum.
Road—Operates 16 miles of track (8 miles between Denison and
Sherman and 8 miles in the cities). 60 lb and 70 lb T rails
Also
owns 45-acre park (situated
midway between f he two cities) which has
usual pavilions, base ball ground and race tra<;k.
Earnings—Twelve monthsending April 30, 1905, grosa, $104,591;
net. $43,9o8.
Officers—Prudent and Treasurer, J. P. Crerar; Vice-President
John Crerar.
Principal office. Denison, Texas.-V. 81, p. 613.
—
..
•
-
-
■
(
DENVER, COL.
DAYTON LEBANON & CINCINNATI RR interest due March 1, 1905. on tlm bonds being m default and
road
in hands of a receiver, a bondholders’ committee was
appointed (see
V. 80, p. 1478) which requested deposits of hoods, under a
protective
DENVER & NORTHWESTERN RY.-
-An
road
electric
OkGan ZATION. - Incorporated In June, 19>l. Operates an elec¬
railway’ of 12 miles from Denver northwest to the coal fields: also
line of 10 miles to Golden City, which latter was completed In spring of
1904
Tot*l track, 25 27 miles.
Gauge. 3 ft. 6 in.; 75 and 80 lb. J
rail; 10'> cars.
Franchise in Denver runs for
0 years; in Golden for
99 \ears; on countv roads is perpetual.
Remainder is over private
right of way. In May, 1902, obtained control of the Denver Tram¬
way Co., through exchange of its securities for the stockof the same.
See terms in V. 74, p. 103s. Practically the whole issue of
Tramway
stock has been exchanged and is deposit e 1 as collateral under the new
mortgage.
Interest.
STOCK & Bonds—
Date.
Outstanding.
Maturity.
Stock, $6,000,000 ($100)
'
$6,000,000
1st A coll, mort., g., *6,- > 1902
6,000,000
5 g. M-N
May 1, 1932
000.000 ($500 and $1-, >
Int. at Mercantile Trust Co., N.Y., trustee;
OOO
o* j also office of company in Denver
Bonds.
Can be called on any interest day at 105 and interest upon
00 days notice.
Officers— Pres
S. M. Perry; Vice-Pres. and G*m. Supt, John A.
Beeler Treas.. Thos Keely; Sec., I1 G. Moffat.-V. 74. p. 1037.
(i ) DENVER CITY TRAMWAY COMPANY.—Electric.
tric
agreement, with the Cleveland trust Co. - About $1,900.000 of the
$2,000,000 bonds have been deposited. E. W Moore is the receiver
V. 81, p. 1436.
.
Reorganization
Plan—The
plan prepared
by the
reorganization
committee provides lor tbe sale of the ro »d under foreclosure and the
formation of a new company with $1,000,000 stock and $3
>0,000 of
20-year first mortgage 5
p c. gold bonds, redeemable within ten years
at 105; thereafter at par.
Bondholders are to receive 50 per cent of
tht-ir holdings in stock of the new company, the old stockholders
get
ting nothing; bonds of the new company to be sold for cash at 90 or
above to supply heeded capital for extensions and
expenses of reor¬
Stock of the new company is to be deposited with the
ganization
Cleveland Trust Co. as trustee for 5 years, but may be terminated
by
the comii ittee at an earlier date.
Organization—Organized in Ohio and was one of the Appleyard
.
...
roads
Connects Dayton and Leban >n. Operates 35 miles of
track, all
in operation except Dayton terminal. Was Intended to form
part of a
through line from Columbus to Cincinnati, 122 miles, entirely over
private right way. the whole steam railroad construction.
STOCK and Bonds—
Date. Interest. Outstanding.
Maturity
Stock, common,$1,500,000 >
4..
AnA
\
($100)
$1,500,000
Pref. 6% non-cumulative, >
$1,000 000 ($100).
\
l.ooo.ouo
1st mortgage, $2,000,000,) 1901 5 g., M-8
2,000,000 Sept. 1, 1921
($1,000) gold.
..c* <
Int. at N. Y Trust Co.. N. Y., trustee.
Bonds— Were issued to extend the linn to
Dayton and to Cinoi unati anc
to equip for both electricity and steam.
Mortgage covers 22 acres
of terminal property in Dayton; also about 27 acres of land at Leo
anon Junction Station
Officers—Pres. *nd Gen. Mgr., Theo. Stebbins, Columbus; Sec’y,
Frank Brandon.—V. 80. p. 1478: V. 81. p. 1242, 1436.
,
.
DAYTON & TROY ELECTRIC RY-A trolley roan
Organization —Incorporated in 1900.= Is built entirely on private
right of way. Completed in December, 1901.
Rails 70 1b. T
Power honHc located at Tippecanoe
City, Ohio. Stock. $500,000 ($100)
common, and $500,000 ($ltO) preferred; cumulative 5 per cent. No
bonds contemplated
In May, 19o2, took over the Miami Valley Ry
under a 99-year lease at a rental of $9,600 per annum,
which is ap
plloable to the stock of $300,000. mortgage having been canceled.
Dividends.—On the preferred stock 5 p. c. per annum is being
paid.
On common Jan. 1, 1901, 2 p. c.; in 1905, Ja<>.,3
p c.; July 1, 190"), 1
p o. was paid, and 1 p. o. was again paid on Aug 1, 1908
Road—Owns and operates 30 miles of track (10 miles
double, 10
miles single) between Dayton and
,
In May, 1902, Denver A Northwest Ry. obtained
control, exohang
ing its securities for Denver ( ity Tramway stock. See V. 74, p. 1038.
Organization —Cha tered iu Colorado in January, 1899.
Is suc¬
cessor to the Denver Elee & Cable
Ry., the Denver Tramway Co., the
Houth Denver Cable Ky., t>ie Denver Tramway Extension Co., the
Denver Consol. Tramway’ Co., the Metropolitan* Ry.. the Denver
City
Cable Ry.. the West End St RR
the Denver City Tiamion Co., the
Colfax Klee Ry. and the Denver Globeville A Golden R
pld Transit
Co.
A blanker franchise was granted Feb
5, 1WS5. without time
limit
In July, 1899, the City Council passed an ordinance
repea'ingtliis blanket franchise, but only in the ease of
unoccupied streets. On
May 15, 1906, at city election, was granted by majority vote, a fran¬
chise covering 80 miles of extensions', and the right to build and
extend certain viaducts, and covering all existing lines tor 20
years,
aud provides for a tive-cent fare. See decision in V.
84, p. 220.
Shareholder were to vote on Feb. 19,1907, upon increasing the
stock to $20,000,000 aud authorizing a new mortgage for $20,000,000. See V. 84, p. 390.
Stock and Bonds— Date.
Interest.
Maturity.
Outstand'g.
Stock $5,000,000 ($100)
$5,000,090
In 1906, 6%
Denver Tramway 1st, g. 1888
6 g. J.-J.
498,000 July 1,1908
Consol. M.,gold..o*<fer. 1890
6 g. J.-J.
1,219.000 Jan. 1,1910
Met. St. RR. 1st, gold.. 1891
6 g. J.-J.
953.000 Jan. 1,1911
,
....
Con.M.,$4,000,000,g
Purchase money more
«
1029.
DAYTON & XENIA TRANSIT CO.-Trolley.
Organization—incorporated in 1901, as a consolidation of the Day
ton A Xenia Traction and the
Rapid Transit Co. of Ohio. The Dayton'
A Xenia Traction had iu 1899
purchased the Dayton Spring Valley A
Wilmington Transit Co.
STOCK & Bonds— Date.
Stock, $800,000
Interest.
Out stand'a.
•
$800,000
Maturity.
1st mort., $500,000,
\ 1901
5 g. A-O
500,000
' April 1, i921
gold ($1,000).. e* s Interest at Old Colony Trust Go., Bostou, Trusts.
2d mort
000 i
'901
o g. A-0
300,000
mort, $°CO
$. co.ooo.
j Worcester (Mass.) Trust Co., TrusteeApril 1, 1921
Earnings-Tin' gross earn'ugs for the year ending December 31.
1905, we< o $11 v.OOO
Road—Owns and operates 51 miles of road from Dayton to Xenia,
and from Dayton to Spring
Valley, of which about 20 miles Is over
way.
OFFICERS—President, Clement
J. Ferneding: Vice Pres.. H. L. Ferneriing Treas., Edward Canby: See., O. <>. Ozlae. Cilice, Dayton. Ohio
-V. 73, p. 82; V. 74. p. 20.8: V 78. p. 820
PEOPLE’S STREET
RAILWAY.-Owned by the
Philadelphia.
DELAWARE, OHIO
COLUMBUS
MAGNETIC
NORTHERN RY.—A trolley road.
SPRINGS
&
Organization-Incorporated iu Ohio on Out. 15. 1906, and is a
consolidation of the Delaware A Magnetic
Springs Ry. and the Richwood Keeton A Magnetic
Springs Ry.
STOCK & Bonds—
Da e.
Interest.
Outstand'g. Maturity
Common. $200.000
$200,000
Pref., 6% u. c., $200.000
200,000
Del. A Mag. Spgs mtve
200.000
(?)
New mtge., $400,000, gold,) 1906 5 g. M-V
200,000
1931
($1,00<»)
s Int. at Colonial Tr. Co.,
Pittsb.. Trustee.
Bonds—Of the $400,000 new bonds, $2u0,000 are reserved
to retire
prior liens. They are not subject to call.
Road—Operates 12 miles of track from Delaware to Magnetic
Springs, and is building an extension of 5 miles to Richwood. A fur¬
ther extension to La Hue, 12 miles, is
proposed.
No
more
can
, qQQ
be Issued under this mortgage.
Bonds-Interest on all underlying bonds is payable at Mercantile
Trust Co., New York, and in Denver. The new mortgage is a tirst lien
on the Denver City and West End
properties and a lien on the Denver
Consolidated Tramway junior to its existing
mortgages, to remain
outstanding and be assumed. Abstract of Denver Consolidated Tram¬
way consol. M. of 1893. V 52. o. 354.
Road—Owns 157.89 miles of electric traok. Gauge 3 ft. 6 in., 45 to
75 lb. T rail; 349 cars, of which 230 motor cars. 69 trail cars and 59
miscellaneous
10,410 H. P. station.
Dividends- - Dividends of 6% per annum are paid.
Earnings—For calendar year ending Dec. 31:
Gross.
Net.
Charges.
Surplus.
1904
$1,941,310
$318,*550
$826,840
$508,290
OFFICERS—President. Wm. G. Evans; Vioe-President and General
Mgr., John A. Beeler; Sec A Treas., Thos. Keely. V. 84, p. 220, 390.
) DENVER TRAMWAY POWER CO
Organization.—Incorporated in Colorado.
(
This company is leased
for 20 years from April 1,
1903, to the Denver City Tram. Cc., the
latter guaranteeing the
bonds, both principal and interest, guaranty
being endorsed on the bonds. Entire stock is owned
by Denver
City
Tramway.
STOCK <Sc BondsStock, *500,000 ($100)
1st
American Rys. C<>.—See statement of tlie latter under
1,1933
^s Interest
1893 at
5 g.Mercantile
A.-O. a 1,167,000
Oct.
iS’ust Co., N.
Y., trustee
(
r*2^n0e(«i»99
5K.A.-0.
2.000.000 Apr. 1. 1911
an^’^SOO)00^1
/ Int. at Central Trust C<>., New York* Trustee.
bonds
Total track, 47 Lj miles.
OFFICERS-—President. H. P. Clegg; Secretarv, Clias. B. Clegg; Treas¬
urer, J. H. Winters.
General office, Dayton, Ohio.- V 76, p. 653, 751,
....
.
Denver Con. Tram way
Troy. Leases the Miami Valley Ry..
extending from Troy to Piqua and comprising 17^ miles of track
000^ 1992
.
Interest at N. W Harris A Co.
trustee.
°nnre^e’ ^ u,uuu 2
($1 ,uuu)
—
private right of
,
c^
DAYTON
COVINGTON
&
PIQUA TRAC¬
TION.—A trolley road.
Organization—This was formerly known as the Dayton <fc Troy
Traction,but name changed to the above in Aug., 1901. The D. A T
Traction was Incorporated in Ohio in Jan., 1900, to .build a street rail
way from Dayton to Troy, but route was changed, and road con¬
structed from Dayton to Covington and Piqua, aoout 3 < miles; 70 lb.
T rails. Company acquired the right to use the tracks of the People’s
Ry. in entering city of Dayton.
STOCK and Bonds—
Date.
Interest..
Ontstand'g. Maturity.
Stk. auth. ($100), *600,000
$600,000
Pf.5% n.-c.($100),$550,000
550,000
1st mortgage, $550,000,
5g. A-0
450,000 Apr. 1,1922
( 1902
c* S Int. at Old Colony Tr. Co., Boston, Trustee.
gold <$i,o00)
2d mortgage, $60,000
6g. M-3
See text.
10,000
Bonus
$100,000 1st mtge. bonds are reserved for extensions and
improvements; 2d M. bonds are subject to call on any int. date at 105.
OFFICERS -Pres., D. Dwyer; Vice-Pres. A Gen. Mgr., Thos. T. Robin¬
son; Gen. eupt., E. C. Spring.
V. 77, p. 146.
...
[VOL. LXXXIV,
Da'e
Interest,
...
(hit stand ing.
Maturity
$500,000
..
impt.M.,$l,5<H),000t 1903
5 g. A.-O.
1.288,000 Apr. 1, 1923
Al .) International Trust Co., Denver, trustee.
Bonds.—The remaining 1st iinpt. mortgage bonds are reserved for
future Improvements at cost.
Are subject to call 011 any interest
date after Apr. 1, 1908, at 105 and interest. A
sinking fund of $50,000
per annum commences Apr. 1,1908, which will be used tor redemp¬
g.
($1,000),
gu. p.
tion of the bonds at 105 and interest. This also is guaranteed
by Den¬
ver City Tramway.
Interest is pay able in New York aud Denver.
Plant. Furnishes ad power tor the Deuver Tramway Co. Capaoity
of plant, 8,250 k. w., with an over load of
10,500 k. w.
Officers.—President, Wm. G. Evans; Viee-Pres A Gen Mgr., John
A. Bee er, See. & Treas., Thos.
Keely. V. 82, p. 1437; V. 83, p. 36.
DERRY, PA.
WESTMORELAND
..
a
COUNTY
RY- CO.
Okqan z*r on — tnoorpor»t™i in Pennsylvania on lie". 27, 1904.
consolidation of the Bradenville A Derry St.
Stocks & Bonds—
Stock, $500,000, $80
1st mtge.,
Is
Ry. and the Blalrsvllle
A Derry Sr Rv.
Date.
Interest.
Outstanding.
*■
$500,000
Maturity
$250,000, \ 190 8
Mch 1,1935
5 g M-S.
250,000
gold ($100)
c* s Int atE iStEndSav.ATrustCo., Pittsb .Trustee.
BonD9-No sinking fund and bonds are not subject to call.
Road—Operates 7 miles of track.
OFFICERS—Pres., Jos Keeling; Sec’y, A. P. Meyer; Treas.,
sack. V. 80, p. 1176; V. 82, p. 50.
DETROIT CITIZENS.
J. G. Vil-
MOINES, IOWA.
DES MOINES CITY RAILWAY-A trolley road.
Organization—A consolidation in 1893 of the Des Moines Street
DES
Is, authorized to carr\
freight. Franchise considered perpetual. Guarantees the Interurban
Railway Co. bonds—principal and interest. See below.
STOCK & Bonds—
Date.
Interest.
Outstand'g.
Maturity.
RR. and the
Des Moines Suburban Ry. Co
8t000 (|l00) $3,0°0,'J
$1,055,000
-
Pf. stock, 6 p.o.,non->
cum.,
r,
D*?J°*
gold,
$250,« 00
ut
( 1889
^i.uou each...
'\*ninaa
-
250.000
S
RT>
6g.A-0
365,000 Oot.l,1907.to
($25,000 due yearly) Oct. 1, 1919
^ Amerioan
f 1890
°lst^nortgageb’gold
!
ii
g «*!
SaV. B’k Chicago. Trustee.
Tr.
Jan., 1908
240,000
6g.J - J
($20,000National
due yearly) to Jan., 1921
Interest at Chemical
Bank, N.Y. City
y Trustee, Iowa Loan A Trust, Des Moines.
i
t
$i,uuu eacn
Mo
Citv Rv
ref f 1^®1
5g.A-0
2,304,000 Apr. 1,1921
Trjl* ^**0 non non } Int’est at N. W. Harris <fe Co., N. Y. City; also
non\,UUU,U c , Chicago. Trustees, Illinois TruBt A Savings
g. (*i,ooo)
n
r‘
Bank and Wm. H.Henkle of Chicago.
Bonds—Of the new mtge. bonds of 1901, $882,000 were originally
reserved to retire the underlying sixes then outstanding. Of the
$2,304,000 5s renorted outstanding, $5,000 have been deposited with
Illinois Trust A Savings Bank to be held in lieu of $4,000 Des Moines
City Railway 6s still out. Bonds can be called on any interest date.’ou
and after April 1, 1906, at 106 and interest.
Sinking Fund becomes
operative as follows ; $10,000 yearly on April 1 from 1906 to 1910,
$15,000 from 1911 to 1915, and $25,000 from 1916 to 1920. The re¬
maining bonds may only be issued to pay for 80% of cost of extensions,
providing net earnings are 50% in excess of interest charges upon all
bonds outstanding, including those to be issued.
Road.—Operates79 miles of track. Standard gauge; 45 to 8 5 lbs. T
and girder rails.
OFFICERS—Pres., J. 8. Polk; Vloe-Pres.. G. M. Hippee; Sec. and
Ass’t Gen Mgr., A. G. Maish; Treas. and Gen. Man., Geo. B. Hippee;
Sup’t, W. G. Owens. V 77, p. 769; V. 79, p. 1266. V. 81, p. 10i3; V.
83, p 751.
INTERURBAN
RY.-A trolley road.
STOCK & Bonds—
Date. Interest. Outstanding.
Maturity.
Stock, $1,200,000 ($100)
$941,000
1st Mortgage,s’kg. fd , )
1901
5 g. A-O
1,160,000
Apr. 1,1921
gold ($1,0**0), guar. . Amer Trust <fe Savings Bk.. Chicago. Trustee,
p A 1 by Des Moines j Interest an N. W. Harris a Co.. New York and
CityRy
e*l
Chicago.
issued for acquisitions and extensions
of cost, and at not over $16,000 per mile for new
.
Bonds—Other bonds may be
road, but only wlien net earnings equal 1
times all
bonds outstanding and those to be Issued.
Bonds
Interest charges
are
on
subject to
oall on and after April 1,1906 at 105 and interest.when a sinking
of 5 per cent of balance of annual net earnings after payment
charges becomes operative, and bonds so purchased are to be
alive for purpose of the fund.
fun"
of all
ROAD—Connects Des Moines and Colfax, 24 miles.
Perry, with branch to Woodward, 381® miles, and
Guaranteed under terms of lease
$140,000
Jan. 1,1908
Det. Suburban Ry„) 1893
5 J -J
1st mort., $250,000, Trustee, Union Trust Co., Detroit.
($1,000) g
.0" Unissued bonds have been oanoeled
ELECTRIC.
DETROIT
Detroit Railway—
Date. Interest.
1st M., g. ($1,000), on J 1895
5g. J-D
56-34 miles
o* Ar. $ Int. at Cleveland
Det. Elec. Con. M., $2,800,- ( 1896
5g. J-D
kept
Des Moines and
also operates 10
miles in and around Des Moines; total, 72*® miles. Standard gauge;
60and701b. T rail. Cars enter Des Moines over tracks of Des Moines
1897. interest, see V. 65, p. 1219.
Bonds—First mortgage bonds of the Detroit Ry. numbered 1 to
600 mature in order of numbers at $50,000 per annum, beginning
Deo. 1,1912; numbers 601 and above mature Deo. 1, 1924.
Detroit
Electric consols for $1,800,000 are reserved to retire the iirst mortgage
bonds as they mature.
DETROIT FORT WAYNE A BELLE ISLE.
5g. A-O $1,200,000 Apr. 1,1928
Co., Trustee.
(Subj. to oall at $105 A int. on 60 d. notice.)
Interest at Kean, Van Cortlandt A Co., New York.
1st mtg., g.,
1898
$1,200,000
,$1.000)
o*r
N. Y. Trust
DETROIT & NORTHWESTERN RY.
1st
4*®g.M-N
mtg.,$1.000,000,g„ > 1901
DETROIT
36). Trolley.
MICH.
UNITED RAILWAY.-(See Map page
Organization.-Incorporated in Mich. Dec. 31, 1900, and took over
franchises and properties of the Detroit Citizens’Street Railway, the
Detroit Electric Railway, the Detroit Fort Wayne A Belle Isle and the
Detroit Suburban. V 72, p. 44, 183.
Embraces ail the street railway
lin-s in Detroit.
Later absorbed by purchase the Detroit A Northwestern Ry., which
is known as the Orchard Lake division, the Detroit A Pontiac Ry
known as the Pontiac division, the Wyandotte A Detroit River Ry.
known as the Wyandotte division, and the Detroit & Flint, formerly
the Detroit Rochester Romeo & Lake Orion Railway, and known a
the Flint Division. Owns entire oapttal stock ($2,000,000) or the
Detroit A Port Huron Shore Line.
In Aug., 1901, purchased 2,970 shares (all) of the stock of the Sand¬
wich Windsor A Amherstburg Ky.; 180 shares (all) of the stock of the
City Electric Ry. and the People’s Eleotrio Light plant of Windsor, Out
In Feb., 1906, issued the $L.000,o00 notes in table below, for the
mirpose of acquiring the entire stock of the Detroit Monroe & To
Iedo Short Line Ry. V 82, p. 392.
In Jan. 1907, it was re* orted that company had purchased control
etroit Ypsilanti Ann Arbor and Jackson Ry.
of the
V. 84. p. 51.
The United States Supreme Court on March 3,1902, decided that the
ordinance of 1889, compelling the Citizens’ Street Ry. to sell 8 tickets
for a quarter. wTas invalid. (See V. 74, p. 528.)
In July. 1906. a proposed ordinance extending the
chises uutil Dec. 4. 1924, was submitted to the City
83, p. 271, 1170. V. 84, p.338.
STOCK & Bonds—
Date.
Interest.
8t$106$l2,500'°00’S
company’s fran¬
Council.
Outstand'g.
See V.
Maturity.
$12,500,000 Feb.,’07,1 %%
Q-F
consol*.'M., $25,-) 1902
4*®g. J-J
11,367,000
Jan. 1, 1932
000,000,gold ($1.- [- Guaranty Trust Co., N. Y., Trustee.
l St
c* ) Int. at Kean. Van
000)
Nntps $3,000,000..
non noo
iNotes.
i^ Redeemable
190(i
5g. M S
after
°notostri1"'000*0001
1’c
1907
Cortlandt A Co.,New York.
1.000,000
March 1, 1909
?.0h0,000
Feb. 15, 1910
1 year at par.
5*FA15
Trust Co ot Amerioa- Trustee.
\ r. I
Detroit United Railway stock and bonds have been listed on the New
YTork Stock Exchange; also Detroit Citizens’ Ry consol. 5s.
Bonds-Of the $25,000,000 authorized, $9,020,000 are reserved t#
retire underlying liens and $4,613,000 for acquiring new properties at
the rate of 75% of cost, and only available on a two-thirds vote of
the stockholders.
Entire issue, or any part thereof, is subject to call
at any time at 105 and interest on 60 days’ notice.
See V. 73, p 1111.
The coll, trust notes of 1^07 are secured by $100,000 pref. and $1,899,200 common stock of the Det. & Pt. Huron Shore Line, and
$125,000 of that, company’s bohds, $109.0J0 Det. & Lake St Clair
bonds and $*,400,000 consol. 4*ss of the Detroit United Ry.
The
notes are redeemable on any int. date at par and int. upon 30 days
notice.
$855,000
May 1, 1921
c*. s lut. at Union Trust Co , Detroit, Trustee.
$100, $1,000
Bonds—Are guaranteed priuolnal and interest by the Detroit United
Ry. by endorsement and are subject to call at 105 and interest on 60
days notice after May 1, 1911. See V. 73, p. 494.
DETROIT A PONTIAC RY.
1st mortgage $500 000
*1 m
$i,uuu, gold
c
5g.F-A
^ 1897
$500,000 Feb. 1, 1922
?^ Washington
Trust Co.. N. Y., Trustee.
Inti at state savings Bank Detroit.
g., ($1,000) > 1901
4*®g. J-l)
$600,000 June 1,1926
$1,100,000
o'ArsInt. at Washington Trust Co., N. Y., Trustee.
Bonds—$50o,000 consolidated mortgage 4*« p. o. hoods are reserved
to retire like amount of 1 st mortgage bonds.
Bonds are subject to call
at 105 and intereston 60 days’ notice after June 1, 1911. Principal and
Interest of both issues guaranteed by Detroit United by endorsement.
1st Con. M
,
...
RY.
WYANDOTTE A DETROIT RIVER
K>, >
$1,000, gold.
Trustee.
.c* S Int. at Union Trust;Co., Detroit,
DETROIT A FLINT RAILWAY.
ORGANIZATION—The Detroit Rochester Romeo v Lake Orton Railway
Detroit
Detroit
Lake Orion
A FlinttheRailway.
Purchased
theA property
Flint Railway
of the was
organized
to acquire
Detroit
Rochester Romeo <te Lake Orion, together with the North Detroit
Electric Railway and ttie Detroit Utica A Romeo Railway. The con¬
solidated mortgage is a ttrst lien bn these last two properties.
Date. Interest. Outstanding
Maturity.
D. R R. A L. O. Ry. 1st mtg.,) 1900 5g. J-D $1,100,000
June 1.1920
8. F. gold($l,oOO) $1,500,at Ameiican Trust A Savings Bank,
lint
Chicago, Trustee; also Guaranty Trust
000; unissued bonds have ;
been canceled..
o' J
Co., New York. ~
Aug. 1, 1921
Det. A Flint 1st consol. M., > 1901 5g. F-A $1,400,000
g., $3,000,000 ($1.000)..o* s lut. atTr. Co. of Amer., New York, Tr.
Bonds.—Ot the consolidated mortgage $1,100,000 are reserved to
retire bonds of like amount or the D. R. R. A LakeO Ry. ami $500,000
have been canoeled. Consolidated bonds are subject to oall at 100 and
interest after August 1, 1911, on 60 days’notice.
Both issues are
guaranteed by the Detroit United Rail way; see torm of guaranty in
V. 76, p. 1300; as “additional collateral security” ou the Flint bonds,
1st consol. 4*® p. c. bonds of the Detroit United are deposited, $ for
$, with the Guaranty Trust Co. of New York, and would be available
In the event of default on the Detroit A Flint bonds.
REPORT.—Auuual report for the year eudiug December 31, 1906,
was
published in V 84, p. 387
DETROIT UNITED RAILWAY, RAPID RAILWAY SYSTEM AND
WINDSOR A AMHERSTBURG RAILWAY COMBINED.
1906
Officers—President, H. H. Polk; Vice-President, E. P. Smith; Sec¬
retary, W. I. Haskit; Treasurer, Geo. B. Hippee.—V. 74, p. 630.
DETROIT,
to 1924.
Tr. Co., Trus.
1,000,000 June 1,1916
000, gold ($1,000). .c*&r \ Int. at Cleve. Tr. Co., Trustee. As to Deo.,
City Ry.
($1ooi)
Maturity.
$1,800,000 Deo. 1,1912
Outstanding.
he
Organization —Incorporated in Iowa to construct a system of inter
urban roads connecting with Des Moines.
Is operated by the Des
Moines City Ry. under an operating agreement, in consideration of
which the Des Moines Co. guarantees the bonds, prii*. and int In June,
1906, authorized stock was increased from $ t,0o0,000 to $1,200,000.
at not over HO p. c.
35
STEEET RAILWAYS
Feb., 1907. J
Gross
SANDWICH
1904.
1905.
$6,063,182 $5,125,563 $4,541,805
earnings
Oper. expenses, including taxes
.
3,718,621
3,041,523
2,763,092
Net earnings from operation
fncome from other souroes.
$2,344,561 $2,084,040 $1,778,713
58,757
44,076
42,777
Income from all souroes
Deductions—
Int, on funded and floating debt..
Dividends
$2,403,318 $i,128,116 $1,821,490
$1,243,273 $1,113,294 $1,075,786
562.500
625,000
500,000
$1,858,273 $' 75,794 $1,575,786
Surplus income
$535,045
$452,322
$245,704
The combined system carried 113,011,309 revenue passengers in
1906, against 90,137,538 in 1905 and 32,840,259 transfer passengers,
against 28,080.945.
Dividends— First dividend of l per cent on Detroit United stock was
paid March 1.1901, and 1 per cent
quarterly thereafter until Aug.
raised to 1% p. o. quarterly. On Nov. l,
5 p. c. In 1907. Feb., 1*4 p. o.
Road.—On Jan. I, 1907, operated 392 99 miles, as billows: Detroit
United, 197-829 miles; Ayaudotte A Detroit River Ry., 11*53; Detroit A
Northwestern, 58-99; Detroit A Pontiac, 38*76; Detroit & Flint, 85*89;
total, 389 74. This is independent of the Detroit A Port H iron Short*
Line, which Is separately operated, and comprises 127.55 miles, and of
the Sandwich Windsor A Amherstburg Ry., *z5*26 miles, making alto¬
gether 545*806 miles owned and controlled, to which uow should be
added the Detroit Monroe A Toledo Short Line acquired in 1906,
which makes 74 35 miles more, making total mileage operated 620 156
Ralls.* 77. R5 and 98-lb steel. Does an express service.
Has
miles.
830 closed and 342 open cars. 6 sprinkling cars, 212 freight and con¬
struction curs, 13 lino cars, 36 express ears, 6 miscellaneous cars, 2
steam locomotives, 2,288 motors and 1,766 trucks.
Officers—Ghalrman of Board, H. A. Everett. Cleveland; President
and General Manager, J. C. Hutchins, Detroit; Vice-President, Arthur
Pack, Detroit; Treasurer, George H. Russel, Detroit; Secretary,
Edwin Henderson, N. Y.; Assistant Secretary, A. E. Peters, Detroit.
General offices, 12 Woodward Avenue, Detroit. — V. 82, p. 333, 392; V.
83, p. 271, 170; V. 84, p. 51, 270, 338, 38 7.
( I ) DETROIT A PORT HURON SHORE LINE RY.—A trollev road.
Entire outstanding capital Hock is now owned by the Det. United Ry.
Organization.—Incorporated in May, 1900. Is a consolidation of
the Rapid Railway Co., the Det. Mt. Clemens A Marine City Ry. (the
purchaser of the properties of the Mt. Clemens A Lakeside Traction
Co. and the Detroit A River St. Clair Ry>, the Port Huron St. Clair A
Marine City Ry., the Connors Creek A Clinton River Plank Road
Co. and the City Electric Ry. of Port Huron. The new company
owns the capital
stock of each road.
The consolidated company
operates all the tracks in Mt. Clemens and Port Huron, and the
through route from Detroit to Port Huron runutng through Mt.
Clemens, New Baltimore, Algouao, Marine City and St. Clair. Also
owns the capital stock of the Detroit A Lake St. Clair Ry
Date.
STOCK and Bonds—
Interest. Outstand'g. Maturity.
Stock, $2,500,000 ($100)
$2,000,000
1, 1905. when rate was
1905, 1% p «. In 1906,
cannot be
called, g.c
U-Ufctil!11-1950
fra*.
Un.oSVJ
Ar.}\ Int
at Amerioan
Exoh.
Bank, N. Y
[VOL. LXXXtV,
STREET RAILWAYS
36
THE
MAP OF
DETROIT UNITED RAILWAY SYSTEM
VApplegaft
l
DETROIT A: PORT HURON SHORE LINE RY.
t
o
o
INXLUULVG
,
tl
RAIMI) RAILWAY SYSTEM)
II
SANDWICH, WINDSOR & AMHERSTBURU RY. ^
a
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TOLEDO
Fbe.'.
Bonds.—Oi the new 1st mortgage, $783,000 Is set aside to retire
underlying liens (namely the bonds of the Rapid Railway and of the
City Electric Ry. and the Port Huron 8t. Clair A Marine City Ry.>;
ana $125,000 is reserved for extensions and acquirements.
RAPID RAILWAY.
Outstanding. Maturity.
Date. Interest.
$300,000, S1895
5 M-S
$300,000 May 1,1915
($1,000)
c* £ Int. at Finance Co. of Penua., Phi la., Trustee.
1896
5 g. M-N
$300,000
May 1, 1916
1st Consolidated mtge.
BONDS1st mortgage,
$600,000 (gold).*,
o’
Int. at Finanoe Co. of Penna..
Phila..Trustee
Of the consol, mortgage bonds of 1896, $300,000 are
cake up the outstanding first mortgage
CITY ELECTRIC RAILWAY (OF PORT HURON)
bouds
Date.
BONDS,
reserved to
sinking fund on the 1st 5s of 1901 of $10,000 per aniuira
July 1,1908. if earned, said! und to he invested in the
bonds.
Bouds purchased are to remain alive and bear interest
8ee
V. 78, p. 1907.
Bouds were formerly not subject to call, but on Jan.
3, 1903, a supplementary mortgage was made giving the privilege
calling the bonds on or after July 2,1911, at 110 aud interest. V 76,
p. 541. Of the new 1st con ols $82',000 are reserved to retir prior
Hems. They are subject to call after 10 > ears at 110 aud interest.
Bonds —A
commences
of
Earnings—For year ending June 30,
Outsland’g.
Maturity.
$180,000
Mar. 1, 1913
Interest.
Bonds—'The mortgage trustee is the Union
DETROIT A
Road Operates 33 miles of road between Doylestown aud Easton,
completed in summer of < 904. Operates 8 cars.
Officers - President, Geo. tfgolf; Vice-President, S. J. Penrose; Sec.,
J. C. Lugar; Treas., H. S. Beidler. -V. 77. p 349; V. 81. p. 1044.
Trust Company of Detroit
LAKE ST. CLAIR RY. CO.
Maturity.
BONDSDate.
interest.
OutstatuVi
1, 1920
Mtg., $400,000, (
5 g. A.-O.
$290,000 t.April
1900
Trustee.
gold ($1,000)...0* s Interest at Union Trust Co., Detroit,
Bo tuts.—’Die bonds are guaranteed, principal and Interest, by the
Detroit A Port Huron Shore Line Ry., the Rapid Railway <’o. and the
Detroit Mt. Clemens A Marine City Ry. They are not subject to call.
PORT HURON ST. CLAIR A MARINE CITY RAILWAY.
Dale Interest. Owstand'g.
BONDS—
Maturity.
1900
5 M-8
$3,000
Moll. 1, 1920
1st mort.,g., $300,000 >
($500 A $1,000). ...S Union Trust Co., Detroit, trustee.
The remaining $297,000 bonds have been caueeled.
1st
Road-Total Det. <te Port Huron system, 126 61 miles
Earnings—Now included in report of Detroit United Ry.
OFFICERS-President, J.C Hutchins; Vice-Pre-Mont. F W. Brooks
Sec., A. E. Peters; l'reas.,*Geo. H. Russel —V. 77, p. 134; V. 84, p. 33 8
WINDSOR A AMHERSTBURG RY.-Trolley.
(*Z) SANDWICH
Organization-Incorporated under special charter from Province
of Ontario. Entire oapital stock is owned by the Detroit United.
Date Interest. Owstnnd'y. Mnuntu, Oir’d.
STOCK & Bonds-
Stock, $350,000. $100
$297,0"0
July ?/,’02,2**%
Consol M.,$600,000/
1902 4^g.JD
400,000
Dec. 1, 1922
gold ($1,000)
0* s National Trust Co., Ltd., Toronto, Trustee.
Bond*-Jnterest is payable at the company’s office. Are subject
to call after Deo. 1, 1912, at 105.
Earnings—Now included in ieporj of Detroit United Ry.
Road—Operates 25f184 miles of traok in aud between Windsor, Walk
erville, Sandwich and Amherstburg, Including City Ry. of Windsoi
(2’52 miles), operated under lease.
OFFICERS President, H. A. Everett,Cleveland; Vice Pres. andTreas.,
J. C. Hutchins, Detroit; 8eo., A. E. Peters,Detroit —V. 75, p. 1303,1400.
(’I) DETROIT MONROE & TOLEDO SHORT LINE RY.—
In
Feb.,’06, entire stk. was acquired by Det. Unit. Ry. V. 82. p 392.
Organization.-Incorporated in Michigan on December 11, 1902.
Stock dt BondsDate. Interest. Outstand'g.
Maturity.
$2,434,000
2,4 4.000 Jan. 1, 1933
5g.
gold *$1.00J)
c* s Union Trust Co., Detroit, Trustee.
Bonds.— $1,009,000 sre reserved for double-tracking and additional
equipment. Interest is payable in New York. No sinking fund and
bonds are not subject to call.
ROAD-—Operates 50 miles of road from Toledo t » Detroit and 4
At
miles of road from Mouroe to Lake Erie, completed Nov 5, 1904
Toledo connection is made with the Lake Shore Eleotrio Ry. for Cleve
land.
Is of steam road construction, on private right of way; stand
aid gauge, laid with 70-lb. T rails.
Total track, 74 167 milesOfficers- — Pres J. ). Hutcnins Vioe-Pres., F. w. Brooks; See., A
E. Peters. Treas., Geo. H. Russel. —V. 78, p. i96l; V. 79, p. 2455; V.
Htock, $3.000,009
1st mortgage, $3,000,000,
) 1903
,
82, p. 392.
DETROIT
ANN
&
Y PSIL ANTI
ARBOR
JACKSON RY
This road was formerly held in common control wdth the Jackson
Consolidated Traction C
aud the following managing committee for
(See V. 79, p. 269.) Walter C. Kerr.
both roads has been elected:
L. H. Hoie, W fi. Coler Jr., of New York; Geo. O. Smtrh, Pittsburgh;
J. D. Hawks, S. F. Angus, of Detroit, and W. A Boland of Jackson In
Jan., 1907, arrangements were under way tor the acquisition of this
roid by the Detroit United Ry. (V. 84, p, 51), and the managing com¬
mittee w<ts being dissolved.
Organization—Organized in Michigan in 1901; absorbed by pur
Ypsilanti & Ann Arbor Ry. and the Ypsilantl A Sa¬
Has trackage over the Detroit United Railway
Franchises, which are not perpetual—expire In 1927.
STOCK die BondsDate. Interest. Outstanding.
Maturity
chase the Detroit
line Electric Ry
Stock, com. ($2,600.000»
1st consol. M $ ,600,000 ( 1901 5g.F-A
$500, ($1,000), gold.c* s Int at Detroit
$2,600,000'
1,610,000
,
$600,000
mtge.,
c*
gold ($1,000)..
Det. Yp.&Ann Ar. 1st M.
($60o,000), g. ($500 or
$1,000 each)
Det. Yp. A Ann At. Cons.
1st M., $1,000,000 gold
($500 A $1,000 eaoh),
s. f., anuualy
Yn A Saline 1st M
New
Feb. 1, 1926
Trust Co.. Detroit, trustee.
600,000
Feb. 1, 1931
1906 5 g. F-A
S int. at Detroit Trust Co.. Detrott. trustee.
/ 1897 6g.M-N
600,000
Nov. 1,1917
/
(j Interest at Union Trust Co.,Detroit, trustee
,
[ 1899 6g.F-A
330,000
Feb. 1, 1924
60,000
July 1,1919
Earnings.—For year ending Deo. 31, 1905, gross,
$406,538; net,
[ Interestat Union
Trust Co..Detroit, trustee
,
6 J-J
Stock and Bonds—Of the new 1st mtge. of
reserved for underlying liens. First consols
$2,600,000, $990,000 are
cannot be called. See V.
75, p. 666.
$233,8gu.
Road—Completed and in operation from Detroit (through Wayne
Ypsilanti) to Ann Arbor and to Jackson; making mileage 100
miles, of which 40 miles over private right of way. A branoh to Dex¬
ter, 3^ miles, is uud«r construction. Rails 70 and 75-lb. T and girder.
and
a
freight business.
OFFICERS-President, James D. Hawks; Vioe-Pres., Henry A. Ha^gh;
8eo., A. L O. Heur* ; Treas., 8. F. Angus.
Office, Majestio Bldg,.
Detroit.-V. 79, p. 269; V. 81, p. 1T23; V. 8 4, p. 51.
DOYLESTOWN, PA.
PHILADELPHIA & EASTON RAILWAY.A trolley road.
'
'
On Sept. 26, 1905. the Excelsior Trust & Savings Fund Co. was
appointed receiver. V. 81, p. 1044. Interest due Jan. 1 and July 1,
1906, and Jan. 1, 1907, on the Doylest. & Easton bonds was de¬
faulted. A bondholders’ protective committee for the 1st mtge. bonds
of the Doylest. A Easton Ry. was formed which requested deposits of
bonds with the Girard Trust Co. of Philadelphia.
Organization-Incorporated in Pennsylvania on February 3, 1897,
under title of Doylestown & Easton St. Ry., but name changed as
above in January, 1903. V. 77, p. 349.
Date.
Interest.
Outstanding. Maturity.
Stock A BondsStock,
$1,025,000, )
$1,025,000
$50
\
Doyl. A Eas. 1st M.,
g. J-J
825,000
July 2,1941
$825,000 ($1,000),| Int. at Girard Trust Co., Phila., Trustee.
gold
c*.
Nov., 1944
1904
5g. M-N
200,000
Ph. & Eas. 1st consol,
Mtge., $1,025,000.. Int. at Bucks Co. Trust Co., Doylestown, Trus
1906, gross, $81,655; net
$2 .Slo.
non (
1893
6 g. M-8
$-00,000,
S gut,je(rt
to can at 105 and int. after Mar. 1,1903
gold, $1,000
^ Interest at Hanover National Bank, N. Y. City
.
1st mort.,
Does
37
STREET RAILWAYS
1907.]
PA.
DU BOIS,
DU BOIS ELECTRIC &
tro-ley road and electric lighting plant.
Organization-Incorporated in New
Jersey on Nov. 15, 1901, as
the American Town Light Co. and name clmuged
consolidation of the Du Bois Elec*ric Co. und the
V. 76, p. 972.
Franchises for both street
are
CO--A
TRACTION
later as above. Is a
Du Bms 'Traction Co.
railway and electric lighting
Has 10-year lighting contract with city
Population served, 19,000. Change
and new officials eiec ed as b«i<»w
Date. Interest.
Outstanding.
Maturity
perpetual and exclusive
of Du Bois expiring April, 190».
of control occurred in Jan., 1905,
STOCK & BONDS-
$300,000
250,000 May 1,1932
Tr. Co.. N. Y., Trustee.
Stock, $300,000 ($100)
Coll tr. mtge, $300,000/
1902 5 g. M. N.
c* S Int. at Knickerbocker
($500), gold
Undeilytng liens
000 of new
15 0.
29.000
f., but subject to call at any time at 105 and
bonds are reserved to retire $-9,000 prior liens.
Bonds— No
s.
EARNINGS—For year ending Dec *1,1906, gross,
li t.; $50,V. 81, p,
$72,90S; net., $34.-
862; fixed charges, $1 5.94k; surplus $ 8,914.
ROAD—Operates Iv miles. In lading extension to Falls Creek and to
Sykesville, where connection is made with tracks of the Jefferson
Tra tion Co. < outrolled by the same interests.
Standard gauge; 60
girder and T rail.
OFFlCERS^Frestdent, Austin Blakeslee; Vioe-Pres., J.
8ec\v Austin Blakeslee; Treas., M. 1. McCreight.—V. 81, p
and 70-lb
E. Morris;
1550, 1791.
DUBUQUE, IOWA.
IN IOWA.-Trolley.
Organization-—Incorporated in Iowa in 1900 as a consolidation of
the Home Electric Co., the Dubuque Street Ry. and the Star Eleotrio
Co., which constitute the eutire electric light and street railway
properties of the city of Dubuque, Iowa. In April, 1901, Messrs.
Liuehan A Molo sold their half interest iu the company to the other
stockholders, the General Eleotrio Co. among them, which June 1,
1904, owned $240,000 of the common and $240,000 of the preferred.
Stock & Bond^
Date, interest. Outstanding Mmwity.
UNION ELECTRIC CO.
Common,
cum
..
$500,000
$300,000, $100
Pref., $500.0( 0, $100,
% )
500 0(>0
s
..
$980,000, gold. (
1904 5g M N
650,000 May 1,1924
($ .000.
0 s Int at III. Tr <to Sav. Bk., Chicago, Trustee.
Remaining $330,000 bouds reserved lor ho p. 0 of cost of extensions
1st tinge.
improvements, but only in event of increase or stock aud then to
two-thirds of such increase, but in no case to be made earlier
than two \ ears from date of bonds.
Bonds subject to call after five
years at 105 and Int Sinkiug fund or $15,000 p.a. begins Apr 30,1908.
Road-—Owns and operates about 17*3 miles ot track on 14Lj miles
of street in Dubuque, West Dubuque and to Union and Nutwood parks,
and has contract with the city for supplying electric lights.
Extensive
«vd
improvements were completed in Feb., 1906.
Officers —President, F. I). Stout Chicago; Vice-Pros., D i>. Myers;
Hecre ary and Treas J. R. Lindsay, Railway Exchange, Chicago; Gen.
,
Mgr., L. D. Mathes.—V. 71, p.
2643*
DULUTH, MINN.
DULUTH-SUPERIOR TRACT I ON.-Trolley.
Organization—Incorporated in Connecticut In 1900. Owns entire
stook of the Duluth Street Ry., the Lakeside Street Ry. and the Super¬
existence of the Duluth Street Ry.
authorized, $300,000 out¬
standing,) is held by the Duluth Superior Traction. This latter,company
has no bonded debt.
The Duluth Street Ry. was orgauized under
Act of
Minnesota approved Nov. 17,
1881, and poHsesse- “an
exclusive franchise ” which runs until 1931. See decision with regard
80, p 1911.
The Duluth superior
to franchises in Superior In V
Bridge at West Superior is used by the railway, but is a separate cor¬
poration, and has issued first mortgage bonds for $650,000 and second
mortgage bonds for $300,000—see bridge items. V. 63. p. 310, 504. In
L903 entered into contract with Northern Power Co. to supply sufficient
power to operate the street railways in both cities. Power will begin
ior Rapid Transit.
The corporate
is maintained, but all of its stock ($1,500,000
to
be delivered in 1907.
Maturity
...
Pref. 4 p. c. cum $1,500,000
Q-J
1,500,000 Jan. ’07.1%
Duluth St.Ry.M ,$2,500,000 S 1900 5 g MtfrN 2,500,000 May 1,1930
gold i$l,000)
e* \ Int. at Central Trust Co., N. Y., Trustee
Bonus—The mortgage covers all the mileage of the Duluth Street
Ry., the property of the Lakeside Street Railway and of the
Superior Rap. Transit haviug first been conveyed to the Duluth St. Ry.
Divide ids- On the preferred stock 4 p. c per aimum is being paid.
Road—The system embraces 75 miles of track and includes ail the
lines in Duluth and Superior.
REPORT—Of the Duluth St. Ry. for calendar year 1906: Gross,
$768,*75: net,$350,054; int. and taxes, including $50,820 for deprecia¬
tion, $261,892, surplus, $88,162.
OFFICERS—President, C. G. Goodrich; Sec. and Treas., L. Menden¬
hall; Gen. Man., Herbert Warren.—V. 72, p. 183, 627; V, 80, p. 1911.
STOCK & Bonds—
Capital stock,com.,$3,500,000
Date. Interest. Outstand'g.
$3,500,000
DUNKIRK, N. Y.
DUNKIRK STREET RAILWAYOrgauized April 11, 1906, by the syndicate which proposes to con¬
nect Buffalo and Erie,
lias secured a franchise in Dunkirk aud will
build about 5 miles of track at once.
L. B. Grant, Pres.: P. C.
Sohutrum, Vice-Pres.; Clias. H. Werner, Secretary; M. J . Dodge, Treas.
EAST
LIVERPOOL,
OHIO.
TRACTION & LIGHT.
Organization—Incorporated in Ohio on Sept. 30, 1905, and is a
consolidation of the United Power Co., the East Liverpool Ry., the
Ceramic City Light Co., the Wellsville Electric Light Co , the Glas¬
gow RR., the Eastern < >hio RR , the Island Run Coal Co., the East
Liverpool A Rock Springs Street Ry., the East Liverpool Bridge Co.,
the Chester Light A Power Co. and the People’s Light A Power Co.
EAST LIVERPOOL
See V. 81. p.
1791.
Outstanding.
Maturity.
$2,500,000
500,000
..
Pref.,5% n.o..$500.000, $100
1st mort., $3,000,000, gold > 1905 5g. J-J
2,400,000 Nov. 10. 1925
($1,000)
os Int. at Union Trust Co., Pittsb , Trus.
STOCK db Bonds
Common, $2,^00,000 ($100)
Date.
Int.
38
STREET RAILWAYS.
Bonds.—Ot the $3 000,000 authorized, $600,000 are reserved for
extensions, improvements and acquisitions. Are subject to call on
any interest date at 105.
Earnings - For 7 months ending May 31, 1906, gross, $170,428;
net, $73,749; fixed cnarges, $57,839; surplus, $15,910.
Road.—Operates 15 miles of track between East Liverpool and
Wellsyille. Standard gauge, 73-lb. girder and T*rail. An extension
of about 8^2 miles of double track is under construction to
Toronto,
where connection will be made with the Steubenville Traction A
Light
Co.
OFFICERS.-President, Van Horn Ely, of Buffalo; Vice-President, C.
Liverpool: Secretary and Treasurer, Edward McDon¬
nell, East Liverpool.— V. 81, p. 1791;V. 82, p. 804.
A. Smith, East
STEUBENVILLE TRACTION & LIGHT CO
A East Liverpool Ry. & Light Co.
to succeed to the property of this company, it having
been acquired by the parties interested in the East
Liverpool Trao. <fe
Light Co. A line is being built to connect the two systems. V. 82, p. 806.
ORGANIZATION- Incorporated In Ohio Jan. lO, 1901, and is a con soil
dation of the Steubenville Gas A Elect. Co. and the Steubenville Tract.
Co. Also owns the Pleasant Heights line. Franchises of Gas <fe Elect.
Light Co., perpetual; Street railway franchises expire from 1925 to
Hnnria Tiatpid on the
iocs
Philadelphia Stock Exch. in March. 1903.
STOCK & Bonds
Date.
Interest. Outsiand' j.
Maturity.
incorporated
Stock, $1,000,000. $100
1st Mtge., $1,000,000, g. >
($1,000), gu. p. & i., c* s
$1,000,000
5 g
M-N
790,000 May, 1, 1926
Int. at Metropolitan Tr. Co., N. Y Trustee
Bon >8.—$210,000 reserved for extensions, A<\ V 76,
p. 267.
Earnings—For calendar year 1904, gross,- $127*805; in 1903, net,
$49,634; taxes and interest $39,180; surplus, $10,454.
Road—17 miles of track in Steubenville and between Steubenville
and Toronto; laid with 60 lb. rails; 13 closed and 16
Also
open cars.
electric light and gas plants, and pleasure
park of 85 acres. V. 76, p.
267, 812; V. 82, p. 806,1269.
,
.
EASTON
PA.
Hept., 1901, *nd March and Sept., L902, 3% on $15 paid m; March
1903 (paid in July), and 8ept.. 1903, 4% on $15
paid in
In Dec., 1905, declared a dividend of $2 50, and
at same time called
an assessment of $5 per s are on the
stock; the dividend was credited
on the assessment,
making the sto k fO p. c. paid in. V. 81, p. 1791.
Cash dividends resumed mOct. 1906 by the
payment of 2*% p. e.
V.
83, p. 687.
Organization.—Consolidation in l899of the Easton Transit To., the
Edison Illuminating Co. of Easton and the Easton Palmer &
Bethlehem.
Incorporated in New Jersey March 11. 1899
Owns entire ($150,000) stock of the Easton A South
Bethlehem
Trans t Co., organizedon Juue 19,1906, to build a line
from a connec¬
tion with the Easton Palmer A Bethlehem at
Butztown, to South
Bethlehem, about 12 miles. Also leases that company and guarantees
Its bonds, prin. and Int, by endorsement. V. 83,
p. 323.
STOCK dc. Bonds—Both the stock and the collateral trust 5s were in
Jan., 1900, listed on the Philadelphia Stock Exchange.
Interest.
Outstanding.
Maturity
Stock, $1,500,000; par, $50
50% paid iu. Oct. ’06 2^%
Collateral trust, g., o.' 1,- S 1899 5 g. M & N
834,000
May 1,1943
300,000 ($1,000. $500). (
Int. at Girard Trust Co. (Phil.), trustee.
Easton Transit 1
st
( i8?? ?
mort.,
$300,000, gold, $200 & {
after
1
(.ur
*
rl
\(
Pa. Motor Co. 1st M
A-O
*ali1, ati1902.
ino
Oct.
1922
r1?97
?nd*
at r«de?ra
Interest
Easton
Trust Co.. Easton, Pa.,Trustee.
f88J. Tr.
9 A.A8." Dep.
° Co.60,000
Lack.
(Scranton),
1941
trustee.
Dec. 31, 1918
Easton Palmer A Bethle- 5 1898 5
J & J
200,000
hem El. Istg.. $200.< 00 i Int. at U. S.
Mtg. A Tr. Co., N. Y., trustee.
East. & So. Beth. 1st M., >
_
T
,
f.996
$500,000
guar.
K-.z
,
($l.00< ).
Guard Trust Co., Phila., Trustee.
The odlat. bonds have no sink, fund, and *re not subject to call. Of
the total of $1,300,000, $360,000 is reserved to take up the $300,00.
Easton Transit bonds aud $60,000 Penn. Motor bonds. Issue is secured
by a pledge of $298,350 (out of $300,000) stock of the East. Trans. Co.
12,317 shares (out of 12,322 shares) of Edison Illuminating stock,
1,902 shares (out of 2,400 shares) of Pennsylvania Motor stock, 4,000
$50 shares (half comiuon and half preferred, being the entire issue of
each) of the Easton Palmer A Bethlehem Street Ry., and entire (2.500)
shares of Easton A Bethlehem Transit stock.
Of the Easton A So.
Bethlehem bonds, the unissued remainder is reserved for betterments,
acquisitions and extensions at9** p. 0 of cost
interest is payable at
office of Edw. B. Smith A Co., Philadelpnla, or at
company’s office.
A sinking fund of $5,000 per annum commences June 1, 1908.
Bonds are Subject after July 1, 1911. at 105 and int. V. 83.
p. 323
Earninqs. — For year ending Dec. 31, 1906. of Easton Transit Co.
(the operating company) gross, $326,693; net, $122,667; fixed charges,
o*5
Ar*
9?9
July 1, 1936
$37,324; surplus, $85,342.
Road—Embraces the entire street-railway system of Easton, South
Easton and Philipsburg, with a line from Easton to Bethlehem and
South Bethlehem; total track 43.67 miles, standard gauge. An exten¬
sion is being built by the Easton A So. Beth. Trans. Co. from Butztown
to South Bethlehem, 12 miles.
Officers—President, Jas. J. Lovering; Vlce-Pres., J. S. Roden
bough; Sec. and Treas
S. H. Sargent,
511 Chestnut St., Phila.—
V. 81, p. 1791; V. 82, p. 691; V. 83, p.;323, 687, 969.
,
NORTHAMPTON TRACTION CO
Organization.—Incorporated
tion
Jan.
on
STOCK <& BONDS—
Stock. $500,000 ($100)
Dale.
Interest.
Ontstand’g.
Maturity
$500,000
mortgage, $400,000, ( 1903 5g. J*J
394,000
Jan. 1, 1933
gold
0* (Int. at Northampton Tr. Co., Easton, True.
2d mortgage. $100,000...
See text
Bond*.—1The first mortgage bonds are in denomination of
$100, $200
$500 and $1,000. A sinking fund of 10 p. 0. of net earnings Is now
operative, out the bonds cannot be called. Part of the second mortgage
bonds are pledged to seoure $80,000 jf notes
Earnings. For year euding Dec. 31, 1906: Gross. $98,333; net
after taxes $40 44 7; Interest, $19,749; snrplus,
$20,693.
Road.—Operates 22 51 miles of track from Easton to Nazareth and
from Easton to Bangor, chiefly on private
right of way. Standard
gauge; 60 lb. and 80-lb. steel rail; 17 cars.
OFFiCERS.—President, T. A. H. Hay; Secretary, W O. Hay; Treas.,
Chester Snyder; Supt., D. L. Beaulieu. V. 80. p. 1972.
EAST ST.
—
t*ee
Mat>
ST.
LOUIS
on page
-'9.
&
LOUIS, ILL.
SUBURBAN CO-—Trolley.
In April, 1906, absorbed the Alton Granite & St. Louis Co. For
terms
of exchange, see V. 82, p. 751,1379.
The following is a list of the stock and bonds owned and which
are
as collateral for the new
East St. Louis A Suburban Co. collateral trust bonds.
deposited with the St. Louis Union Trust Co.
Constituent companies Bonds.
East St. Louis Ry. Co
$ 1,545.000 out of $1,685,000
St. L. & East St. L.Klec. Ry.
SOO.O'O (entire issue)
E. St. L, & Suburban Ry.... 8.440,000
do
do
St. L. & Belleville Elec. Ry.
7/>«',00,»
do
do
Citizens El«iC. Lt. A Pow.Co No bonds
Stock.
$1,F85,500 entire issue
4PP.500
3.443,100
do
do
do
do
224,700
do
do
*6,v35.000
$5,852,800
The capitalization of the East St. Louis A Suburbau Co. is as
follows:
Stock & Bonds—
Date. Interest. Outstanding.
Maturity.
Oom’n. $7,000,000, $100
$7,000,000
Pref., $7,000,000, $100. J
5% cum.from May, ’06 (
trust M
$8 000 non void
onio
««
000
gom ($i,ooo)...
c
/*!
o
pi
*
7 nno ora
*n7
7,000,0( 0 beb.,07,
ilioz.
^ 1902 5 g. A-0
7,034,000 April 1, 1932
at St. Louis Union Trust Co., Trustee, or
at E w. Clark A Co., Philadelphia.
] Int
£
E. 8t. Lou. Eleo. St. RR. < 1893 6 g. F-A
140.000
Aug. 1, 1908
oonsol. (now 1st), g.
(Int. at Miss. Val. Trust Co.; trustee, St. L.
A. G. A St. L., t«t con.
(1904 5 g., F A.
2,104,000
Aug. 1, 1944
M
$3,000,000, gold, -? Int. at Illinois State Trust, Co..
..
EastSt.Louls,
.
($1,000)
.
o'(
Alton
1st
Alton
Trustee,
or at
Morton Trust Co.,New York.
Improv. Asso. >
1889
5 M-S
6,000
Sept., 1905-’09
M., cur. $2,500 s Interest at Alton Savings Bank.
Ry. & IU. 1st M.,) 1895 5 g. A-O
244,000
Oot. 1, 1915
$250,000. g., $1,000.e* £ Int. at Manhattan Trust, New York, trustee.
Alton Ry. Gas A Eleo.
250,000
Oct. 1, 1939
>1899 ft g. A-O
Co. mort., $500,000, >Int. at Trust Co. of
America, N. Y., trustee.
($1,000) gold
c* )
No s. f.; bonds can not be called.
Bonds.— Of the$7,034,000 collateral trust bonds
reported outstanding,
$140,000 are reserved to retire the underlying lien given above, and
$475,(100 are in company’s treasury; $966,000 are reserved for future
exteiieions and improvements.
Bonds are redeemable on any Interest
day at 105 and int. on 4 weeks’ notice. 8ea V. 76. p. 3*2. Of the
$500,000 Alton Ry. Gas A Elect. * o. bonds, $750,000 are reserved for
prior
liens
Of the Alton Granite & St. Louis bonds for
$3,000,000, $500,000 will he held to take up prior
bonds, $200,(00 are in the treasury
and $396,000 are reserved for extensions
and'improvements. V. 81,
p. 973. They are also a lien on the property of the Alton Gas A Eleo
trio Co., which was owned by the Alton Granite A
8t. Louis Traction
Co. when the mort. was made. No sinking
fund, but bonds are ubject to call on any interest date at 110 and interest
upon 90 days
notice.
REPORT-For year ending Dec. 31, 1906: Gross,
$2,041,451; net,
$978,681; fixed charges, $509,224; surplus, $469,457.
Road—Operates 17ft miles of track, including all the lines in East
3t. Louis, a double-track road from East St. Louis to
Belleville, a
track line to O’Fallon and Lebanon and
single
double-track road to Alton.
See.and
Treas., G. L. Estabrook; Treas., C A. Pearson Jr.; Ass’t See T.
W. Gregory. Office of Suburban Co.,
Camden, N. J.; operating co. at
East St. Louis.—V. 79, p. 2587; V.
80, p. 650, 871; V. 82, p. 392, 751.
1379; Y. 83, p. 271, 687, 969, 1170.
a
OFFICERS—President, C. M. (’lark; Vlce-Pres., E. W. Clark:
Ass’t
,
EAU CLAIRE,
CHIPPEWA VALLEY
Formerly
WIS
ELECTRIC
RR.-
one of the Appleyard roads, but in Oot., 1905. control o.
road changed hands and new officers elected a^
l>*-low. V. -1,
Purchased the Eau Claire Lt. A Power Co. aud consolidated p. 1241.
with lt
•STOCK & BONDS—
Date. Interest.
(hitstanding.
Last Div
Common, par $100
$200,000
Pref., 7%, cum., $200,000
O-M
6,800 Deo..’05, 1%%
First M., $200,000 gold) 1898 6 g. A-O
Oct. I, 1918
200,000
$l,0O0each)notsuh.call $ Int. at Mercantile Tr. Co., Boston, Trustee.
Consol. Mtge., $750.000,) 1903
5 A-O
300,0'H)
Oct. 1, 1923
($1,000)
) Security Trust Co., Camden, N. J., Trustee.
Eau C. Lt. & P. Co
4
200.000
Bonds.—Of the « o»>sol mortgage, $200,000
is reserved to retire a like
amount of 6s due 1918: the consols,
may be called after Oct. 1.1908
—
Road—Owns trolley road Eau Claire to Chippewa Falls, Wis..
12
miles; Eau Claire, 8 miles; Chippewa Falls, 2 miles; total, 22 miles.
Owns 14 miles right of way; exclusive 30
years franchise at Chip¬
pewa Falls and 30-year franchise at Eau Claire.
Earnings—Foryear end. Dec. 31,1*04, gross, $119,262; net, $52.9-4. In 1903, gross. $111,706: net. $46,570
OFFICER8— Pres.. O. H. Ingram; Vlce-Pres., John 8. Owen; 8eo. and
Mgr., Geo. B. Wheeler; Treas., B A. Buffington.— V. 81, p. 1241.
ELMIRA,
a consollda
1st
EAST
municipal lighting until 1910. Franchises in East
Edwardsville, Collinsville, Caseyville, O’Falion, Belleville
of Belleville
10-year con¬
tract from Sept. 1, 1903. for city lighting of Alton
Alton railway
franchise expires 1948; Alton eleotrio light franchise in
1948; Alton
gas franchise Is perpetual; Granite City franchise expires in
Madison franoaise in 1925; Venice franchise in 1^20; Brooklyn 1925;
fran¬
chise In 1921; and franchise for county road
crossings in 1925
and Lebanon are from 44 to 48 years., with the
exception
(5 miles), which has 16 years to run—all from 1904.
Has
-
Oct. 13, 1902, and is
I, 1903, of the Easton A Nazareth Street Ry. and the
Easton Tatamy A Bangor Street Ry. Franchise perpetual.
on
Alton; and the only electric line across the Eads Bridge. In Jan.,
1903, acquired the Citizens’ Eleotrio Light & Power Co.’s plant In East
St. Louis. Has 50-year exclusive rights to
operate cars over the Eads
Bridge connecting St Louis and East St. Louis. Has contract with
city
of East St Louis for
Coll
EASTON CONSOLIDATED ELECTRIC—
On May 1, 1904. lease to Lehigh
Valley Traction was canceled by
rentals being in default.
See V. 78, p 1446, 1781.
In June. 1004. a
further installment of $5 per share was called on stock. V.
78, p. 2011,
2442.
Dividend payments have been: July,
1900, 3sj% on $lo paid in;
Date.
Organization-—Incorporated in New Jersey m 1902, and owns all
the stock and bonds (with the exception of $L4o,000
as below) of the
East St. Louis Ky., the st. Louis & East St. Louis Electric
Ry., and
the East St. Louis & Suburban Ry.. all the stock of the
Alton
Granite & St. Louis Traction Co., the Alton Gas A Electric Co.
and the bonds of the St. Louis A
Belleville Eleotrio Ry.
The
East St. Louis A Suburban Ry. operates all the electric lines
In
East 8t Louis and to Belleville,
Edwardsville, Collinsville and
Cttseyville; also a line to O’Fallon and Lebanon and an interurban
lme from East St
Louis to Venice, MadiBon, Granite
City and
St. Louis,
Gas, electric and trolley.
In April 1906, the Steubenville
was
[Yol. lxxxiv.
COMPANY
N.
Y.
WATER> LIGHT & RAILROAD
Organization—This company was Incorporated on May 26,
1900,
for the purpose of consolidating all
the water, lighting, power and
street railway properties in Elmira,
comprising the following: The
Elmira Municipal Improvement Co.; the Elmira A
Horseheads Ry.; the
Maple Ave. Ry.; the West Water St. RR.; the West Side Railway
Co.,
the Elmira Gas A
Illuminating Co., the Elmira Illuminating Co.;
the Elmira Water Works Co., and the Elmira
Heights Water Co. In
May, 1906, we were informed that none of the franchises had less
than 99 years to run. whi'e some of them were
perpetual. In Sept.
190*1, purchased the entire capital stock and bonds of, the
Elmira A
Seneca Lake Tr action Co. In Oct., 1906, RR
Commissioners granted
permission to increase capital stook from $1,000,000 to $2,000,000
m part to acquire the Elmira A
Seneca Lake Traction Co., and the
Chemung County Gas Co. The Commission also authorized a new
mortgage for $5,000,000 to provide for refunding. V. 83, p. 393.
Stock & Bonds—
Date.
Interest.
A mount.
Stock, $2,OOo,000 ($100>
$1,000,000
Maturity.
Elmira Wat. Works IstM
6
339,000
1913
West Side RR., g„ 1st M.. 1894 5 g. A.&O.
355,< 00 Oct. 1, 1914
5 g. J.-J.
New IstM., $2,000,000
1,661,000 Jan. 1, 1949
a
tt (Tmw
„
»old $1,000
$1 000Mort«
* Trust, N. v
Y., trustee,
gold
0.
subject to call at 105 and interest.
2d
M.
ineome, non (1900 4 g. Mar.
1,200,000 Jan. 1,1949
cum., $1,200,000, g., 4
Guaranty Trust Co. of New York, trustee.
$1,000
(
Subject to call at 100.
5 1900
.$5001
Feb., 1907.]
39
STREET RAILWAYS
MAP Ol-’ THE
EAST ST. LOUIS
AND
SUBURBAN COMPANY.
Mileage on Single Track Basis 175 Miles,
40
STREET RAILWAYS.
Of the uew 1st 5a, $3 <9,000 are reserved to retire at
maturity the
bonds of the Elmira Water Works Co., due 1913.
$355,000 out
standing bonds of the West Side RR. and the Elmira He ghts Water
Co. are guaranteed.
‘Road Comprises 27^ miles of track controlling all tiie principal
streets in Elmira and connecting the suburban towns of Elmira
Heights, Southport and Horseheads, and 1 miles from Horseheads to
Watkins, via Millport and Montours Falls, to Seneca Lake. Equip¬
ment
consists of 40 closed cars, 32 open^cars and 11 trailers
Track laid with 75 and ?0-lb. girder rails.
Owns Ftorick Glen Park
REPORT—Earnings for year ending June 3d, i906. were gross, $513.213; net, $1 09,735,” fixed charges. $130,605; surplus, $ '9,180.
OFFICERS—Pres., Kay Tompkins; Vice-Pro- and Gen Man W W.
Cole; Sec. and Treas., IT M Beardsley; Asst Sec., Murray W. Dodge
40 Wall St., X. Y. -V. 72 p 935, 9*8; V. 82 p. 1168; V. 83,
p. 893.
EL PASO, TEXAS.
EL
PASO
ELECTRIC CO.-This company owns the
securities of the Ei Paso Elec. Ry. Co., and the El Paso <fe Juarez
Traction t'o. comprising practically all the electric-lighting and the
entire street railway business of El Paso, Texas, end Juarez, Mexico.
Railway franchise in El Paso expires in 1951; m Juarez in 1988
Lighting franchise in El Paso expires in 1952; mJuatez, m 1915.
STOCK & Bonds —
Interest. Outstanding.
Date.
Maturity.
Com., $l.(K)o.00o ($100)
$1,000,000
...
Prnon|um0:0,«<)0)*,:.
C"S -($1,000), 1902
Coll
tr.
mtg.
.
338,000 Jan.,-07, 3%
5 g J-J
909,000 Jan. 1, 1932
$1,000,000, gold
slut, at State Street Trust « <>., Boston. Trus.
Notes payable Nov. 30, 1900
80,000
Bonds.— x’o sinking fund and are not subject to call
Dividends.
First oiv., 3 p. c. on pref stock, was paid Jan. 12, 1903;
also 3 p. c. on July 13, 1903.
In 1904, 6 p. c. In 1905, 6 p. c. In 1906,
6 p. o..
Tn 1907, Jan., 3 p. c.
Earnings For 12 mo* ending Dpc. 31, 1906: Gross. $391.650; net.
$115 253; charges, $47,216; divs. (6%) $15,000; bal. surp. $53,037.
Road.—Operates 23 7 miles of track in and between El Paso, Tex.
and Juarez, Mexico; o nelly 60-lb. rail 30 cars.
Officers.- President, G. E. Tripp; Vioe-Pres., E. Wadsworth;
Treasurer, A. Stuart Pratt; Sec’y, H. K. Hayes; Trausfer Ag’ts, Stone
<fc Webster, liostou.—V. 76, p. 158 ; V. 83,
p. 323.
f
ERIE, PA.
ERIE TRACTION CO.
Organization—Incorporated in Pennsylvania on April 16, 1901
‘'TOCK & Bonds—
Interest. OuUtand'g.
Dote.
Maturity.
Stock, $500,000 ($50)
$500,000
1st M.. $5< 10,000.
gold ) 1899
5 g. J-,T
440,000
July 1, 1929
($500 and $1,000)...c < N. Y. Trust Co.. Trustee.
Loans payanle June, 1906.
100.200
Bonds— A sinking tnnd of $30 for every $1,000 bonds commences
July 1.1904, but bonds are not subject to call
Interest is payable at
the company’s office, Erie, Pa.
No interest has been liaid on tiie bonds
to date.
EARN'NGS-For year ending June 30. '906: Gross. $73,930-; deficit
in operating, $8,257 ; tixed charges, $36, P-6: total
deticit, $44,t53.
wdaD
' 'perates 27Lj mdes of track from Erie to Edinboro and Cam
bridge Springs,
standard gauge, 60-lb. and 7 *1 •. girder and T rail.
OFFICERS—President, W. C. Culbertson. Girard; Vicc-Pr s., T. A
Lamb; Secretary-Treasurer. Chas. M Hatch. Otlice. Erie, Pa.
evansvTLle.
INDIANA
- Incorporated in Jan , 1907. and hs a consolidation of
Klee
Ry. and the Evansville Princeton & Viuceniies
Franchises expire in 1951 and 1952.
Stock AND BONDSDate,
ha rest.
•utdmd'g.
Maturity
Common, $3.000,000,$100
$2,000,000
L
Pref.. $1,500,000, *100. /
i
nno nnn
Evansville
eee
1st
Ry.
text
s
*
J.ouu.uuu
mort., $4,000,000 < 1907
5g J-J
1.000,000
Jan 1. 1937
gold $1 000)
< * ( I nt. at Trust Co. of N. am.,
Pliila., i nistee.
Evausv. L’l. Ry. ' *t inert., ) 190i
4g. M-N
1,200,000 May 1, 1921
$1,200,000, g. ($1,000) o* £ lilt, at Farmers’ Lu.&Tr. Co., N. Y., Trus.
coil,
t.A90J r?#KLA'°fc
April1,
Tr. Co., Cleve.,
Trustee.
ut. Sav. & T'4°oA00ru
Evn.*Pr. »st M,$400,000, S
L-uld (*L’UOU>’
($1 0001
H
ntrrut,'lt
H*oin
rr
c‘u
(
Slock-Pref
StO K & BONDS—
Interest. Outstanding.
D de.
Maturity
stock, $300,000, 8100
$300,000
Is1 mortgage, $350,000 > 1905
5 g. A U
350 000 Oct. 1,1925
gold ($1,00 •) c
s Int. at Amer. Tr. & 8a". Co., Evausv., Trus.
Rond— A sin ing fu no of $10,500 per annum * ommeru es Oct.
1,
191a to be invested in tell bonds anti' ally at 105.
Hoad—Operates 17 1 miles of track botweeu Evansville and Mount
Vernon. Standard gajtge, 70 lb. T rails.
OFFICERS Pres., Win M. Ford; VEe Pres John M. Funhe; 8eo.
and Treas.. Fred W
Reitz; Gen. Mgr.. William L. Sonntag;
Supt.,
Henry A. Barbcro — V. 81, p. 1436.
,
,
EVANSVILLE SUBURBAN & NEWBURGH
R YOrganization —Incorporated in Indiana in Deo., 1*88, with a per
petuai cuartcr. Passenger business hauled by electricity and freight
by steam. Does a car-lot freight and express business. Ha* private
nght-of wav. Has a contract with the Evansville & Eastern Elec. Ry.,
allowing the latter’s cars to enter Evansville.
Date.
Stock & Bonds.Interest. Outstanding
Maturity
Stock, $500,000, $'00
$307,400
oral First Na ional Bank. New York
stock is entitled to dividend* of 3% in 1908;
4% iu
1909; 596 i'< 1910 and thereafter
Bond*-—Of tue $4,0-0.000 new bonds, $1,600,000 are reserved for
prior liens. Are subject to call on any tnt. date before Jan. 1. 1912, on
60 days not! e at 10o and int
Tne Evausv. Elec By. second 5s may be called after June
1, 1906,
at 105 amt interest, and a certain amount (s^e V. 79.
p. 2147) mu*t be
redeemed and retired yearly, commencing 1907 on June 1 at the same
price
V, 79, p. 2147
The Evansville and Princeton first 5s have
a sinking fund at $10,000
per annum commencing on Feb. 1, 1908,
said fund to be invested in the bon<is at 1(>5,
beginning with No. l.
Whole issue of these bonds may be called at
any time at 110 and
interest. Geo. B. Denison of Cleveland is c<> trustee of this
mortgage.
Road Owdh about 65 miles of t-a- k iu Evansville and between
Ev ansville and Princeton.
cO, 70 and 75 lb. T rails. Also owns park
and pleasure resort
OFFICERS —Pres., Jas Murdock; Vice Pres., H. R Smith; Sec. and
Treas., C. M. Murdock; Gen. Mun R. R. Smith; Auditor, J. G. McKee.
—V. 84. p. 158, 339.
RY—Electric and
EASTERN
steam road combined.
ELECTRIC
0/Ganiz*
t i i-.
Incorporated in Indiana under general laws per¬
taining to iuterurban railways. All franchises in cities and towns are
for 50 years and county franchises are perpetual
STOCK & BONDS—
Date. Interest. Oustand’g.
Maturity.
Stock, $600,009
1st mortgage,
$750,000.
ootii
$.,000).
t
$600,000
5 int**!*
5 Int. at
-r
American Trust <fc Sav Co Evans£ viUe< or PittsV)lIrffll Tr Co fPittsl) Trus.
Bonds—Of the $750,000 authorized. $2uO,0OO are reset ved for
ex¬
tensions ano in provements at 85
p. c. of ost
Are subject to call, in
whole or in part, at 105 and interest on
any interesi day upon 90 days
notice; $2,500 is payable annual y to a
sinking fund from 1910 to
irnid i8;5oO
($000
gold
.
,
1920; from 1921 to 1936, $5,000 per annum.
Road—operates 21 miles of track from Newburgh (from which
point it enters EvaLSville over tracks of the Evansv. Sub. <fc New
burgh Ry.) to Kockport. witn a branch of 3 tuiles to Richland; sid¬
ings, 1 mile; total 25 miles: 70 lb. rails. Operates 5 pusseuver motor
cars, l motor freight car, 1 steam locomotive and 15 freight
ears.
Coal, grain and otuer heavy freight to be hauled by steam;
passen¬
ger and express service by electricity.
OFFICERS-Prcs., Will. H. McCuruy; Vice-Pres., W. L Sonntag; See.
and
Treas M. S. Sonntag.—V. 83, p. 492.
,
EVANSVILLE & MT. VERNON ELECTRIC
R Y -—A
trolley roau.
Organization—Incorporated in
May 1.1955. Road
chise matures
Indiana
was
July 1, 1934
Commerce, N. Y.
or
,
,
,
EVERETT,
WASH
EVERETT RY. LIGHT. & WATER COORQAnization— Incorporated in Delaware on Feb. 22. 190-5, and Is
a consolidation of the Everett
Ry. & Eleot. Co and the Everett Water
Company
STOCK & Bonds—
Date. Interest. Outstand’g.
Maturity.
Stock, $2,000,000 ($100)
$2,000,000
1st
mtve.
$2,000,000.) 1905
5g A-O
675,000 April 1,1925
gold ($1,000)
c)lnt at Manhattan Tr Co., N Y.. Trustee
Fv Rv jfeEleo lstmt-e S
825.000 Apr 1, 1921
1901 5*- A“°
!
Int. at Manhattan Tr. Co N. Y trustee
($i,ooo) /
No H f anrt nol
^ call.
lsttuort. >
1901
5 g. J-J
500.000 July ',1921
$600,000 -($1,000)
c* s Dit at Manhattan Tr Co.. N. Y., Trustee.
Bonds —Of tiie new $2,000,000 mortgage. $1,325,000 are reserved
to retire prior liens.
o s
f but bnud* subject to call on any int
date upon 60 davs’ notice at i07 * and interest.
EaRN'nGS—For calendar year 1905, gross. $265,104; in 1904,
,
$1,000,000, g
Ever
.
Wat Co
.
$251,883.
Road—Operates 18*7 miles of track in Everett, including branch to
Lowell *nd Snohomish, 6'19 miles, leased from the N
years with privilege of renew!• g for 7 years m< re
P. HR. Co. for 3
OFFICERS—President, J. T. MoCliesney, Everett; 1st Vice President,
Duiyee. Everett: 2d Vice-President, H P. Scott, Wilmington,Del. See. and Treas., Edward C. Mony, Everett —V. 80, p. 2219
L S.
HAMPSHIRE
ELECTRIC RYS —
ORGANIZATION—incorporated in August, 190d, as successor under
foreclosure «>f rite New Hampshire Traction < o., as per plan in V. 79,
p. 2205.
Company is managed by a hoard of trustees
1 >wns and
controls the following companies: Amesbury <fc
Hampton Street Ry.,
Seabrook
Hampton Beach Street Ry., Haverhill <fc
Plaistow Street
iV Newton Street Rv., Portsmouth & Exeter
Street Ry.. Dover Soumrswortli A Rochester Street Ry., Exeter
Hamp¬
ton A Amesbury Street Ry., Hudson Pelham A Salem Street
Ry., Haver¬
hill & Southern New Hampshire Street Ry., Lawrence <to Methuen
Street Ry , Lowrell <fe Pelham Street Ry., Rockingham Co.
Light A
Power Co.. C’anobis Lake Co. andGranlte State Land Co
All of tiie capital stocks of these companies are owned by the New
Hampshire Electric Rys., as are also the oustandlng bonds of ail the
companies, with the exception or those given in table below. Fran¬
chises of all tiie constituent companies are perpetual.
In May. 1906. the Exeter Hamilton A Amesbury St.
Ry. (one of the
constituent compauies) wis placed in tiie hands of Allah Hollis as re¬
ceiver upon application of the bondholders.
Foreclosure proceedings
will be instituted.
V. 82. p 1157. The Muds »n Peih*m<fe Salem St.
Ry. is in the hands of D. A. Belden and Robt* G Doe, as receivers. V.
Ry.,'Haverhill Plaistow
83, p 155.
STOCK & Bonds—
Com $4,000,000 <$100t
Pref., 4%n c., $4,000,000
($100)
on April 17. 1905.
Fran¬
put in operation June 11,1906.
Date.
Interest
Outst'ding
$4,000,000
Last Div.
4,000,000
UNDERLYING
LIENS.
Exeter Hampton & Amesbury)
1st mortgage, $225,000, g. I 1899
($1,000), sink, fund $3,000
per aim. begins 1904 bonds, j
cannot be
Dover
called..
e* )
Sinners. A Rnoliester |
wi™
begins l
1904;
called.
&
500,000
'Iut* at Vat’i
Evan8Tr. A Sav. Co., Trustee
Bank of
Bonds.—A sinking fund of $1,500 per annum commences July
l,
1910 which will retire bouds at 105
All or any part of bonds are
redeemable after 15 years *t 105.
80-*D.—Ope rat-s 25 miles of track from Evansville to Newburgh’
witli a branch off the mam line through Steplienstou and Chandler, to
hoouville: lias also 5 miles of s de track ; total, 3o miles. Standard
gauge. 70-ib. T rails.
Officers.- Presideut, F. W Cook: Vice-Pr-*s Lee Howell; Sec’y &
Gen. Mgr Gus. Mulhauser; Treas S. P Gillett.
V. 83, p. 271
,
EVANSVILLE
1901 5g. J.-J.
$500 OOo t* )
($500
and$1
000)‘ c*
<*.ioo ana
$i,ooo)
c i
1st intve
NEW
Organization
the
Inter.
LXXX1Y.
EXETER, N. H.
ind.
EVANSVILLE
&
SOUTHERN
TRACTION CO*-a cr<> ey nwn
f VOL.
Unn,5'
bds. cannot h»
be
Guar. p. A i. by Ex.
>
j
5g. .T-D
225,000 June 1,1919
Interest at American Loan & Trust
Co Boston, Trustee.
,
5K.J-J
See text
Jaly 1.1921
Interest at American Loan & Trust
Co., Boston, Trustee.
Hamp. & Amesbury.
J
Ames. <fe Hamp. 1st M., gold,) 1899
5g. A-O See text
Oet. 1,1919
$100.00u ($1,000).
Int. at Beacon Tr Co.. Bost., Trustee.
s
Bonds Of the $300,000 of the Dover Soin. <fe Roch.
bouds, all issued,
$200,000 are owned by the New Hamp. Elec Rys. of the $lo0,000
Ames. & Hamp. bonds, all issued, $50,000 are owned
by the N. H.
Eleo Rys.
Road—Companies controlled comprise about 135 miles of track con¬
necting Nashua, Pelham. Lowell. Lawrence, Methuen. Haverhill,
Salem, Amesbury. Exeter and Portsmouth, Dover, Somerswortlt ami
Ko liester—all points in N. H or Mass.
Company owns several pleas¬
ure resorts.
Also does electric lighting and gas busiaess.
Population
served. 300,000.
TRUSTEES—The New York Trust Co.—V. 81, p. 155; V. 82, p. 1157.
FAIRMONT, W. VA.
FAIRMONT & CLARKSBURG TRAC- CO-Organization. Incorporated In West Virginia in June, 1903, and
Is succesor to the Fairmont <fe Clarksburg Electric RR. Co.
Is con¬
trolled by interests identified with the Consolidation Coal Co. of
Mary¬
land and allied properties.
V. 80. t>. 6
Harvey Fisk & Sons have
agreed to underwrite $1,200,000 of the bonds.
STOCK & Bonds-Date.
Interest.
Outstand'g.
Maturity.
Stock, $2,000,000 (S’00)
$1,800,000
1st mortgage, $2,500,000,) 1903 5 g. A O
l,240,0i 0
Oot. 1, 1938
gpld ($l,00e)
o' s Int. at Guaranty Trust Co N. Y Trustee.
Bonds.—Are subject to call, beginning Oot. 1, 1913, at 105 and int.
-
,
,
41
STREET RAILWAYS
1907.]
Feb.,
a; in 1914 and 1915, $6,0'»0 p. a ; in 1916 and
and from 1918 to 1921, inclusive. $10 000 p a
Earnings -For calendar year i905, gross, $68,647; net, $31,467;
tixed charges, $13,487; surplus. $17,980.
Gauge, 4-ft 45
Road.—9 miles of track in Fort *eor.t
T-ratls.
$4,500
Fairmont and Watson and between
ft * m Clarksburg to O’Neil Mine and
from Clarosburg to Carbon am Greselli, and alme IB miles long be¬
tween Fairmont and Clarksburg; total, 37 rniKs.
Standard gauge.'
and 1913,
Also does
Officers
Pres.anuMgr .Grant Horuaday;
Secy.. F. A. Hornaday; Treas. aud Supt.. F D.
Operate* a Hue between
Fairm-'iit and Middletown; a line
ROAD
-
electric-lighting business.
OFFICERS —President, S.
retary and Treas., Walton
p.
L. Watson; Vice Pres., C. W. Watson; Sec¬
Miller: Gen. Mgr., A. J. Puriuton —V. 76,
1406; V. 77. p. 950; V 80. p. 600.
wa\ i« operated by the Fishkill Ele-\ Ry , and the power and lighting
business by the Southern ■ ur^hess Gas it Electric Co.
Earnings—F*r year end’g June
stock..f 175.000,par $100.$175.000 ,
Citz. RR.. Light & Power
i 30 (for railroad department
b F--v, $100,-
int^e
only)
1906
I
100,000 j Gross
Cit. St Ry. istM 6s, A<tO
75,000 I Net
i])ue 1912. optional after 1897.)
| Charges
sTshkill Elec. 1st M.. 6s, / 4.C..
Dividends
000, due 1922
J&J s *DU’0< u
($50,000) to re¬
of 1 895. due 1915,
Fishkill stock
ceive same
div.
citizens’ St. Ry.
as
|
$47,252
16,424
s',710
None
8.214
.
Balance
I
Road—Owns 3 miles of slugle *ud *25 miles of second track. Leases
Fishkill Electric Ry. from Fishkill to Matteawan, 4; total, 7kt miles
OFFICERS—Pres.. E. L. Tompkins; Vice Pres., G. A. Schrader;
Treas.. Bert L. Smith. -V. 75, p. 184.
Sec.,
S. K. Phillips, vfatteawan:
FITCHBURG,
'
MASS.
FITCHBURG & LEOMINSTER STREET RY
In April
1905, absorbed the Leominster Shirley & Ayer St. Ry.
through exchange of stock, share for share.
V. eO, p 1478.
Stock, Bonds Etc.—
Dale. Interest. Ontstand'g
Maturity
stk. tail., $500,000: par. $100)
$450,000
See text
Fit. <t.Leo. «st mort. ($500) c. ) 1897
150.000
Apr.
1. 1917
5 A-O
$150,000.
S
Tnt at 1st Nat. Bank, Boston.
Fit. it Leo. ’on. M.. $350,000 / 1901 4»* F-A
150,000 Feb. 1, 1921
($1,000)
(Int. at Bost. safe I>ep. & Tr.Co..Trustee
r
u
i
C 1905 5 g. F-A 100,000 Feb. 1, 1921
,Bt if iinooon
L'/2innn\
tM>$ °0,0<M
(*i,uuu)
„
Safe!) * Tr Co., Trustee.
c
(>Q,,ar p
i. by Fitch <v Leom St. Ry.
Current 1 labilities” Sept 30, 1905
416,422
Honda
the
Of
new consol, mtge., $150,000 are reserved to retire
the 1st mtge. at maturity
D'Vidends —For many years up to and including 1900-1901,
p. e
In 1901 1902, 6 p. o.; In 1902 03, 6 p. c.; in 1903 04, 6 p. c.; in 1904-05
6 p. o.; iu 190 >-6. 6 p. c.
8
Road—Owns 40-7 miles of
Lunenburg. Shirley and Ayer
Road extends to Leominstei,
track.
Earnings—For years ending Sept. 3Q:
1906
1905
|
1906
.
$250,997 $221,299 | Dividends paid..$27,000
122,070
m 1,829 | Bal.,sur. for year 11.881
Gross
Net
1905.
$23,000
9,133
Int., taxes, etc.
83,189
49 696 I
Officers—President, H A. Willis; Vice-President, H. I. Wallace;
Olerk and Counsel, C. F. Baker; Treasurer, R. N. Wallis; Supt. and
Purch. Agt., W. W. Sargent, all of Fitchburg.—V. 72, p. 87; V.80, p. 147 8
FOND DLULAC, WIS.
EASTERN WISCONSIN RY.& LIGHT-Trolley
Organiza pon. - Incorporated In Wisconsin iu Sept., 1903. as a con¬
Light Co. and the Fond du
solidation of the Fond du Lac St. Ry.
Lac * Oshko h r.lect Ry. Co. Comprises the entire street railway,
electric-lighting and gas plants in Fond du Lao. Franchises expire
1951.
Hms c mtract with city of Fi nd du Lao to light streets, expir¬
in
ing in 1913
Interest.
Stock &, BondsDate
Stock,$500,000($100)
Foil du L. St. Ry. A (
Outstn od’o.
Maturity
$450,200
192,500
-
L. .vitge.
s
°
Oct. 1, 1923
715.000
let mort.,$l.*<00.0( 0/1903
5g. A-O
gold ($1,000)
c* s Interest at Milwaukee Trust Co., Trustee.
Bonds,- $V25.000 are reserved for improvements at 90 p c. of oost
and $212,000 for prior liens.
Bonds are subject to call on any interest
date at 103 and int upon six months’ notice.
.
Road-Operates 25 miles of track In Fund du Lac and between Fond
du Lac and Oshkosh.
70 lb. T rails
Earnings—For year ending Deo. 31, 1906: Gross, $189,996; net.
after taxes, $73,658.
Officers—Vice-Pres. <fc Gen. Mgr., M. O. Draper; Hen., H. F. Whit
comb Jr.; freas., Wiu, E. Cole. -V. 61, p. <>6S, 971; V. 83, p. 1347.
FORT DODGE,
STOCK
IOWA.
.
and
Bonds
Date.
—
Common. 81,500.000, ji.-c
Prof.. SI .000.000 5v/r for 3 yrs. /
thereafter 6'/. n.-r
1st mtge. gold 051,000;
c*J
.
\
Interest. Outstanding. Maturity.
81,500,000
,
nnn
,,nn
1 *000.000
--
1906 4 !4g. A-O 1,650,000ApriI 1 1931
1
Old Colony Trust (Jo., Boston, tins.
Bonds.—Bonds subject to call as an entirety on any int. date at 105 and
int.; 82.150,000 are issuable immediately, S300.000 may be issued for
additional terminals, 8750,000 for coal lands or stock in
ing the same and 825.000 may be issued for each mile
tensions.
See V. 84, p._ 158
corporations own¬
of new line or ex¬
Road.—Has under construction a line from Des Moines to Kelly;
Kelly to Lanyon has trackage rights over the Newton & North¬
western RR.. that part of wlich is now being electrified; from
Lanyon
line is being built into Fort Dodge, thus giving a through line from
Des Moines to Ft. Dodge.
A branch is being built from Kelly to Ames
also owns a'branch 4 miles from Colfax to Goddard, which is leased to
Newton <fc Northwestern/ Total track. 94 miles.
from
Officers.—Pres., Homer Loring, Boston; Sec’v, Lawrence
hurst, Boston.—'V. 84, j*. 158.
IT. Park-
FORT SCOTT, KAN
THE FORTSCOTTGAS & ELECTRIC Co Organization—Incorporated in Kansas In 190o and is successor to
the Fort Scott Electric Light & Power Co., Citizens’Electric Street
Ry.. Fort Scott Steam Heating Co. and Fort Scott Gas Co. Franchise
expires
April 23. 1922
STOCK & Bonds—
Date. Interest. Ontatand'g.
Maturity.
Stock, $300,0 0 ($100)...
$301,000
1st mortgage, $250,000,/ 1903
200,000
5 g. A-O
Apr. 1,1922
gold ($500), s. f
c* s Int. at Chicago Title & Trust Co.. Trustee.
Bonds —Of the $250,000 authorized, $50,u00 are reserved for exten
sions. Are subject to call on April 1, 1908, at 105 and interest.
The
following amounts are payable annually to a sinking fund: In 1908
and 1909, $3,500 per annum; in 1910 and 1911, $4,000 p. a.; In 1912
Vice Pres.,0 F Martin;
Martin. V. 77. p 1294.
FT- SMITH LIGHT & TRACTION CO
1 u July, i m)o, a i rge block of the stock on ui :ed nan l v
V. 8 *, p. 213
OrGan zation—Incorporated In Arkausas on April 13, 1903, ami is
a a msolidatl ui of thFort Smith & Van B iron Light <fe Transit Co.
aud the Fort Smith Traction Light & Power Co. Does the entire elec¬
tric light. gas aud street railway busiuess of the city and the electric
light business of Van Buren.
Franchise expires in 19 5
Stock & Bonds Date.. Interest. Outstanding. Maturity
i
Common.
$950,000
650.000
$950,000 ($100)
Pref.,$650,000 ($100),see text
.
...
1904 5 g Q-MiB 1.110,000 Dec.15,’44
AmA.’ *l»o00.000;! iIlt at Cent Tr C> of [ll„ Chic.. Trustee;
gold($1,000)
c
|
8t
Bk.. Bost . or 1st Nat Bk ,N Y.
1st mortgage, $300,000, g., S
5g.M N 200,000 May l, 1933
1903
si*
u
saamA
f
l
($1,000)
c ) Int. at St Louis Union Tr. Co . trustee
Stock ct Honda. -The preferred stock is 5 p.o aud is cumulative after
Jan. 1, 1907.
1st mtg. bonds have no siuking fund, but all or any
call after one year upon any Interest date.
$1,500.000 new consols, $20o,000 are reserved for prior liens
and the remainder for extensions and improvements. These bonds are
subject to call at 102 and interest after 5 years. A si» king fund of
$15,000 per annum commences Dec. 15. 1914. V. 80, p 996. In ad¬
dition to bonds in table above there are $48,500 2d mtge bonds out,
due in 1910; $50,862 in oash has been deposited with the trustee to
retire tin se bonds
Earnings—For calendar year 1905. gross. $191,423; net, $89,151;
interest, $56,500; surplus, $32.6% .
part of bonds subject to
Of the
Road—Operates 17 miles of track on
12 miles or streets in Ft. Smith
and suburbs. Standard gauge, 56-lb. and 60-lb. T rail.
33 cars.
Owus a park of 107 acres.
Also gas works Tor distributing
and artificial gas, with about 43 miles of mains; and ele -trio power
and lighting plant—generating capacity about 1,742 horeo power
natural
and
pole line of about 60 miles.
Officers—President. A. S. Huey; Vice-President, H.
Sec., ‘as. BrDzolara; Treas. Geo. 8eng*l; Mgr. R. L.
p. 2085; V. 80, p. 996; V 8 2, p 928; V. 83, p. 213.
FORT
WAYNE!
M. Bylleshy;
Rand.—V. 79,
IND.
FORT WAYNE & WABASH VALLEY TRAC¬
TION CO
A trolley road. (See map on page 4‘J.)
Controlled by the same interests as tae ludiana Union Traction and
the Indiana Columbus & Eastern.
Ohqanization
Incorporated In Indiana on May 29, 1903, as the
Fort Wayne Logausport Lafayette & Lima Tract on C<>, but name was
changed to above on Feb. 17, 1904.
Owns the Fort Wayne Traction
Co., the Lafayette Street Ry, the Logausport Ry. Co., ti<e Logansport
Rochester <fe Northern Traction Co., the Wabash River Traotion Co.
aud the W *bash Logausport Traction Co.
In Oor,., 1904, purchased
the Ft Wayne a Southwestern Trac. Co., which had previously ac¬
quired the Ft Wayne Electric Lights Rower Co. See V. 79. p 1955,
2147.
0« >*s entire capital stock of the Ft Wayne Bluffton & Marlon
Traction Co. and Lafayeite <te Logausport Traction Co., which see be
low.
Franchises expire from 1935 to 1991, but some are perpetual
Chandler Bros. A Co. of Philadelphia offered the bonds for sale in 1905
STOCK & Bonds—
Date.
Int.
Ontstand'g. > Maturity
Common. $6,000,000, $100
$6,000,0'>0
Pref., see
500,060
text,
$L,
)
l 500 OOO
1,500,000
$100$
5g.M-S
6,301,000 Mar. 1, 1934
gold ($1,000)
c* } Int at Tr. Co. of No. Amer.. Phila.. Trust.
275,00)
1931.
Wab. Riv. Tr. Co. 1st M. (1901
5g.FA
$350,000. ($1,000) g., c* (
Int. at N. Haven Tr. Co. NT. Haven, Trust.
Ft.WayneTr. M.,($1,500,- J 1899
4g.A-0
29.000
1929.
0 0), g ($1,000)
...o* t
Hit. at Guard. Trust Co.. Cleveland, True
Laf.St Ky. 1st M., f$ ,000 S 1893
225,000 June l, 1913
6 J-D
each) $225 000
o* ( Int. at Real Estate Trust Co.. Phila.. Trust.
Stock—The preferred stock is 5 p. c. cumulative after Deo. 1.
1906, and may be redeemed after Nov. 30, 1914. at par and unpaid
dividends.
See V. 79, p. 2747. Both com. and pref. are listed on Phil.
1st
cons.
M.. $7,500 000. <
1904
^
.
Stock Exchange.
Bonds—i)t tue new mortgage for $7,500,000. $ 34,000 are reserved
to retire underlying liens and the remainder ($665,000) for improve¬
ments, extensions, etc , at 85 p. c. of cost, amt for acquisitions only
wheu net earns, are 25 p. c. in excess of int. charges. See V. 78, p.
2011.
In addition to bonds noted above, there are $3,500 bonds of the
Logausport Ry. outstanding The new consols of 1904 are not subject
call before maturity. The Wabash River Traction Co. 5s of 1901
subject to call at any time at 105 and interest.
ROftL)-Operates 127 miles of main track, comprising the inside Hues
in Ft. Wayne. Huntington, Peru, Wabash and Logausport, and the
interurban road c«*unecting tho»e cities; also the city lines in La
fayette. An extension to Larayette is being built by the Logausport <fc
Lafayette Traction Go., which i- controlled by this company. Total
track, inoludiug sidings, 147 miles. At Logausport, Peru and Wabash
connection is made for Indianapolis over the tracks of the Indiana
Uuion Trac. Co.
In May, 1906, began through service between Ft.
Wayne and Indianapolis over tracks of Indiana Union Traction Co.
to
are
FORT DODGE DES MOINES & SO- RR
in
Iowa on i-'eb. 16, 1906. Has
ORGANIZATION —Incorporated
acquired the Furl Dodge St. Ry. and the Ames A College Ry.
See A. Si,
p. 158.
J. (i. White A: Co. of New York have the contract for building
the road.
.
FORT SMITH, ARK.
FISH KILL-ON-THE-HUDSON, N. Y.'
CITIZENS’ RAILROAD, LIGHT & POWER A trolley- road
Organization—On Feb. 1. 1902, the Citizens’ St. Ky and the Carrol I
Electric Co. were consolidated under the above title. The street rail-
1st
p
1917. $7,000 p a
See V. 82. p. 1101
Ralls. 60, 70, 72,
houses and 4 pleasure parks.
Has 81
motor equipments.
Also controls
80 and 90 1b. Owus 5 power
closed and 88 open cars and 117
the Fort Wayne Btnffton & Marion,
Bluffton. Con¬
Wayne.
ending Dec. 31:
which operates 23 miles of track from Ft Wayne to
trols entire electric light and power business of Fort
RepuhT—For calendar years
earnings
Operating expenses
Gross
Net earnings
Other income.
Total income
Fixed charges
Surplus
.....
..
j-..
1906.
1905.
1904.
$1,109,032
676,846
$949,298
580,832
$8^4,801
533,205
$432,186
160
$368,466
199
$301,506
430
$432,346
364.23 s
$368,665
$301,936
317,859
243,506
$68,114
$50,808
$58,430
Officers—President, J. LeveriDg Jones; Vice-Pres., Charles M. Mur¬
dock; Secretary, Stephen B. Fleming; Treas., Henry C Paul.
Directors—Randal Morgan, J Levei lng Jones, H. H. Kingston and
Bayard Henry of Philadelphia; Henry C. Paul and Stephen B Fleming
of Ft. Wayne,
and W. Kesley
James Murdook and Charles M. Murdock
Sehoepf of Cincinnati.—V. 82, p. 1101; V.
( 1) F T. WAYNE BLUFFTON & MARION
road
of Lafayette
83, p. 37.
TRACTION CO —A trolley
Organization.—Incorporated in April, 1905, Stock all owned by
Wabash Valley Traction Co., which guarantees the bonds,
p. and i.
Ts leased to guarantor for 99 years.
Stock & Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $400,000
See text
1st mort., $40o,000,) 1905
$400,000 July 1, 1935
5 g. J-J
gold ($1,000), guar. S Int. at Giiar. Tr. & S. D. Co , Phila.,Trustee.
Ft. Wayne &
42
STREET RAILWAYS.
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*
.
.
Traction Company
AND
HARRISON
CONNECTING LINES
Fort Wayne & Wabash
^yt)Cannelt^
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Indiana Union Traction Co.
Indianapolis Traction & Terminal Co.
Ft.
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1,
LXXXIV.
L A K E
[ ud. Harbo
I
[VOL.
Railways.
Projected Electric Railways.
FRESNO, CAL.
—Operates 23 miles of track between Ft. Wayne and Bluffton:
rdad
lb? rails.—V. 81, p. 507.
(2) LAFAYETTE & LOGANSPORT TRACTION CO.
FRESNO TRACTION CO.-A trolley road.
70
'
OrqaN'ZVHON —Incorporated in »906.
the Ft. Wayne & Wabash Valley Traction
bonds, prin.
Stock
and int.
r
1906
Entire stock is owned by
Co., which guarantees the
Outstand'g.
See text.
Interest.
Dte.
& Bonds—
Stock (*500,000) .. ..
1st mtge. $1,000,000 >
....
Maturity.
$900,000 June 1,1936
5 g. J-D
gold ($1,000) guar, s Int. at Guar. Tr. & S. D. to., Phila.. Trustee.
ro -D—Has under construction 358» miles of track from Lafayette,
via Delphi to l.ogansport. 70 lb. rails.
Is expeoted to be completed
about July 1, 1907.
FORT WAYNE VAN WERT & LIMA TRAC¬
high speed mterurban trolley road.
Organization.—Is leased, until expiration of Iran Lises, to Lima <fe
Toledo Traction 'o., which guarantees the bonds, p and i.
V. 82, p.
691. Incorporated in Indiana and Ohio. Ro-ol is eutirelv on private
rigbt of way. except in towns, where it has 25 or 50-year franchise.
TION CO- —A
STOCK
Stockholders in 1904 authorized a mortgage to seoure
$5,000,000 bonds. V. 78, p. 1222.
Stock & BondsDate. Interest. Outstanding.
Maturity.
8tock, $5,000,000
$5,000,000
t resno City Ry. 1st M., >
150,000
1902 6 g, J-J
Jan 1, 1922
$150,000,g ($l,000).o* s Cal. Safe Dep. &Tr. Co., San Frau., Trustee.
Bonds A sinking fund of $3,000 per annum for tirst 2 years,
$5,000 per annum for next 5 years, and $7,500 per annum for next 10
Colonies
Jan. 1,1905. Bonds cannot be called. Interest
payable in New York and San Francisco.
Hoad—The old Fresno City Ry. operates 15 miles of track in and
about Fresno.
Standard gauge. 61-1 h. T rail.
Officers -President, A. C. Baieb: Mgr., A. G. Wishon; Sec., W. E.
Durfry, Fresno.—V. 76. p. 1192; V. 7 7, p. 1746; V. 78, p. 1222.
years commences on
$1,000,000
1.000.000
$2,000,1)00, > lu05 5g.J J 1,400,000 Julyl, 1930
($1,000)
c* S Int at Fidelity Tr. t'o , Phila., Trus.
GADSDEN, ALA.
ALABAMA
mortgage,
gold, guar..
Bonds-Of the $2,000,000, bonds, $600,000 are reserved for exten
elons and improvements.
V. 82, p. 691. Are not subject to call.
Earnings—For 12 months ending Jan. 31, 1906. when the joad was
only partly operated, gross, $102,531; net. $48,279.
road. -Operates 60 miles nt track from Ft Wayne via New Haven,
Monroeville, Convoy, Van Wert, Middlepoint, Delphos and Elida to
Lima.
Organization—Incorporated In California In 1903 in the interest of
Huntington of Los Angeles, to build 196 miles of electric railway,
including lines from Fresno to Wawona, 79 miles; Fresno to 8eluia,
Fresno to Trimmer’s Springs and Fresno to Central and Washington
H. E.
Interest. Outstand'g. Maturity.
Date.
& Bonds—
+1,000.0-0, $100
Pref.. $1,000,000, 5% n.o.. $100
Com.,
Fir«d
4 it
STREET RAILWAYS
Feb., 1907.J
Standard
Commenced complete <‘peratlon Nov. 15.1905.
gauge, 70 lb. Trail. 10 passenger cars and 1 express oar.
OFFICERS —President, James Murdock; Vice President, D. J. Cable;
Sec.. M. W. Glover; Gen. Mgr., F. T. Hepburn
V. 82, p 691, 804; V.
83, p. 37.
FORT WORTH, TEX.
NORTHERN TEXAS ELECTRIC CO-A ho d
GADSDEN
CITY
& ATTALLA
Y
Organization—Incorporated under a fpecial charter from the State
Operates, besides street railway, a light plant, an ice
plant and a coal yard.
Date.
Intertst.
Stock & Bonds
Outstand'g. Maturity.
Stock, $500,000 ($100)
$330,000
New mortgage, $300,000, ( 1906
5g. M N
200,000 Nov, 1/36
Int at Trust Co of Amer., N. Y., Trus.
gold ($1,000)
\
of Alabama.
Bunds.—'The udissued bonds are re erved for further additions at
90 per cent of cost. New bonds are subject to call on aDy int. date
at 105.
Road—Operates 11 miles of track, connecting the points named in
Standard gauge. An extension of 5 miies to Noccalula Falls
is proposed.
officers.— Pres., G. H. Schuler. Birmingham; See., R. D
Carver,
Birmingham; Treasurer, E. T. Schuler, Gadsden —V. 83, p. 817.
the title.
ing company.
Organization.—In* orporated In Maine in Deo., 1905. and acquired
$2,499,100 of the $2,500,000 stock of the Northern Texas Traction
Co.
Is managed by Stone <te Webster, of Boston.
Date. Interest. OutsVd'g.
Last dividend.
Stock <& Bonds—
Com., $2,500.0( 0 ($100>
$2,500,000
2 r)
Pref., 6% non cum., $2,-£
M&8
2,500,000
Sept., ’06, 2%
500,000 ($100)
s
Block.—'The preferred stock is redeemable at 110.
(n ide>‘ds—First dividend on pref
1%, paid on March 1, 1906, and
2% was paid Sept 1, 1906.
_
,
OFFICERS—President, John W. Hallowed; Secretary, Henry R Hayes*
Treasurer, A. S uart Pratt.
V. 81, p 1724, 1793; V. 83, p. 436.
(I ) NORTHERS' TEXAS TRACTION CO.-A trolley road.
Organization—This was formerly the Fort Worth Street Ry. Co.,
187^, for 100 years. In 1^01 ap
plication for amendment to charter was granted, changing its name to
the Northern Texas Trac. Co. The Traction Co. then purchased the
City Ry., and in 1901 obtained legislative permisnion to extend its
chartered by the Texas Legislature in
road from Fort Worth to
Dallas,
a
distance of 30 miles.
In 1902
purchased the Dallas etc Oak Cliff El. Ry. and redeemed that company’s
bouds; also acquired the Glen wood <fc Polytechnic College Ht. Rv.
Fran hise in Fort Worth exi ires in 1973; in Dallas in 19
and 1920;
others between 1945 and 1950; has private right of way outside of
cities.
Date.
STOCK & Bonds—
Stock, $2,500,000 ($100)
1 at
$2 500
nmrti/Hsre
«
f
(Sl.OOU) g., no s. r.
Interest.
Q-F
Outstanding.
$2,500,000
Maturity
000^ 1003 5g.,J.-J.
2,385,000 Jan. 1, 1933
’T ) or at
Sav* & Tr. Co., Cleve., Trustee
..c {
at, 0i0niai Trust Co., New York.
.
Bonds—Of the uew bonds, $il 5,000 are reserved for addt’nB, impv’ts
and future extensions.
All underlying bonds have been canceled
Are subject to call as a whole on Jan. 1, 1908, on Jan. I, 1913, and on
any
interest date after 191* at 105 and Interest.
Road and Equipment.—Owns 278) miles in Fort Worth and a line of
SO miles from Fort Worth to Dallas which was put in operation on
June 18, »902, and 10 miles in Dallas. Total track, 72-4 miles.
All
tracks in Ft. Worth have been relald with 56, 60. 65 and 70-lb. rails.
For interurban use, 70-lb. rail, standard guage. 91 cars.
Report—For 12 inos. ending Dec. 31, 1906, gross, $854,135; net
$306,984; interest, $118,631; surplus, $188,353.
FREDERICK
^MARYLAND.
GALESBURG,
,
1st mtge.. # 1899 5 g. A O
o ) Int. at Portland
M. & P., ratge.,) 1902 5 cur M-8,
Galosh. G. & E. Lt
$350,000 ($1.000i
trolley road.
Is understood to be controlled by the Baltimore
town Ry., which see in V'. 83, p. 1290.
Frederick & Hagers¬
Organization—Is successor in 1906 to the Frederick & Middletown
Electri • Ry. The old com pant <n August,
& Catoetin Electric Ry. for 10 years from
For terms of lease see V. 73, p. 287.
expired.
STOCK & Bonds—
Stook, $250.000
the old lease
1st mortgage.
1901, leased the Myersville
Feb. 1,1904, on which date
Date.
Interest.
$250,000 ( 1906
5 g. J-J
Outstund’g.
$250,000
Maturity.
gold ($1,000)
.c( Fidelity Trust Co.. Baltimore, Trustee.
Road—Frederick to Middletown, 9 miles; which, with the lease of
the Catoetin & Myersville Electric, Myersville to Middletown, 58)
miles, constructed in 1898, makes a total of 14^ miles operated.
An extension to
FREEPORT, IDE.
FREEPORT RY., LIGHT & POWER CO.Organization—Franchises expire March 1, i923. Has traffic ar
rangement for 50 years with the Rockford & Freeport Electric Ry.,
allowing cats of that company to enter Freeport.
Also has contract
for city lighting.
Date.
Interest Outstand'g.
Maturity.
Stock & Bonds$200,000
ouuimon, $200,000, $100..
Pref
5 p. c non-cum.)
$150,000, $100
S
,
150,000
.
5 g M-N
See text.
1903
311,000
$350,000 >
.o*\ Amer. Trust & Sav. Bank, Chicago, Trustee.
Bon s
Interest on the above issue is payable at the offices of
Rudolph Kleybolte *v. Co. In New York. Cincinnati and Chicago. Bonds
are subject to call after May 1, 1913, by lot at 105 and Interest
1st mortgage,
gold ($1.000).
$62,000
are
.
reserved for future Improvements at 80 p. c. of cost.
as follows: $10,000 due May 1,1908; $5,000
due in each of the years 1910, 1912 and 1913, and $5,000 annually
from lwl5 to 1921, inclusive; the remainder in 1922. A sinking fund
provides for the payment of $2,000 per annum for first 10 years and
$5,000 per annum thereafter.
Earnings—For oalendar year 1906, gross, $81,600; net, $30,400.
Maturity of the bonds is
Road—Operates 9 miles of track 60 and 90-lb. T rail Standard-gauge.
Officers—President and Gen. Mgr , A. J. Goddard; Vloe-Presldent,
Fred. Dormon; Sec., W. N. Cronkrite; Treas., W. J. Smith.
Apr 1,1919
President First National Bank. Galesburg, is trustee of
Galesburg Eleo. Motor & P. Co bonds. These bonds may be
called 3 years after date at 103.
Ear nings — Foroal. year 1905 about $255,000; in 1904, $206,471.
Road—Owns 16 miles of track laid with 60-lb. T rails, in Galesburg;
Ill., extending also to East Galesburg and Knoxville; also three ex
Wertman,
the
tensions aggregating 4 miles built and put in operation in 1900. Total,
20 miles. Operates 42 cars.
Has built a new power bouse to generate
current for both the street railway aud electric-light plant, and will
also do steam lmatiug.
8ee V. 78, p. 2384.
Officers—President, Geo.
F. Duncan; Secretary and Treasurer,
Manager, H. E. Clinbbuck, La Salle.
Edward Woodman, Portland, Me.;
-V.76, p. 868; V. 78, p. 2384.
PEOPLE’S TRACTION CO-A trolley road.
O-ganizatiu- Incorporated In Illinois on May 23. 1901.
STOCK dc Bonds—
Date.
Interest.
Outstand'g.
Maturity.
St’k, $170,000, $100
$150,000
1st mort., $150,060 )
1902
5 g. M-S
150,000
March 1, 1922
gold, ($100) c.\fcr. s
Interest at Farmers’ <fe Mecli. Bank, Galesburg.
Bonds — Are subject to call after 10 years at 105.
L. A. Townsend Is
trustee.
Road- Operates 128) miles
Standard gauge, 60-lb. T rail.
of track from Galesburg to Abingdon.
Officers —Pres , A. P. Higgins; Sec. and Gen Mgr.,Cbas. 8. Harris;
Treas., J. L. Bnrkhalter.—V. 75, p. 1232
GALVESTON, TEX.
GALVESTON ELECTRIC CO.-A trolley road
Organization—Incorporated in Texas on May 1.19C5, as successor
to the Galveston City Ry., control of ^nioh had been purchased by
interests represented by Stone & Web-ter of Boston.
8ee V. 80,
p. 1971.
Does the entire eleotrio railway and part of the electrio
lighting business of the city. Franchise expires in 1950.
STOCK & 8onds—
Date. Interest. Outstanding.
MatwHty.
Common ($1,000,000) $100
$1,000,000
Preferred
6*
non. cum.)
($1,000,000), $100
it
1st
mortC
...
42 500 000
\
(
a
1905
nnof ,50°#UUri
5 Intc
gold ($i,uuu)
£
5 {?•
* g.
oka
a
dDO,uou
M-N
M-N
1,000,000
1,000,000
Mar. ’07,3%
1,1940
May
May 1,
at clty TrustOo.f Boston, Trustee,
or at
company’s agency in New York.
Bonds.—$1,500,000 reserved for additions and improvements at 80
Unionvllle. 15 miles, is proposed.
President. Jus E. Ingram Jr.; Vice-President. J. Roger
McSherry; Sec., £. L. Cohlentz; Treas.,Thos. H. Haller.—V. 81, p. 1100.
Officers
350,000
Tr. Co.. Port I and, Me.,tr.
Galei-h. E
171.000 Sept. 1, 1912
$205,000. gold ($1,000).o' s Int. at First Nat. Bfc., Galesburg, Trustee.
Bonds-The new $1,500,000 Issue is subject to oall on any interest
date at 105 and interest; no sinking fund; *521,000 are reserved for
the prior liens and $304,000 for extensions aud improvements. L. F.
FREDERICK & MIDDLETOWN RAILROAD.
A
ILL.
GALESBURG RAILWAY & LIGHT COOrganization—Incorporated in Maine in 1904, and is a consolida¬
tion of the Galesburg Electric Motor & Power Co. and the Galesburg
Gas & Electric Light Co. Franchises expire in 1920.
STOCK & BONDS—
Dale. Interest. Outstand'g.
Maturity.
*<tock, $1,500,000, ($100)
$1,GU0.000
New Mtge $1,500,600, gold > 1901
5 g. J-J
675,000 July 1, 1934
$l,oo0)
..c s Int at Portland Tr. Co., Portland,Me.,tr.
A sinking
of 18s1,p 1911,
oertitled
begins
July
?. o1906,
of cost.
o of bonds
on July
If earned,
and fund
becomes
a fixed
charge.
,
Bonds are subject to oall as a whole on any
int. on 30 days* notice. See V. 81. p. 9/5
Interest date at 110 and
Has 62 oars.
Earnings.—For 2 months ending Dec. 31, 1906, gross, $315,135;
net, $123,655; fixed charges, *50,000; surplus. $73,655.
OFFICERS.— Pres., Guy E. Tripp; Vice Hres., Wilbur A. Carter; 8eo.,
Henry B. Hayes; Ass’t. Sec.. J. Coolidge Coffin; Treas., A. Stuart,
Pratt; Ass’t. Treas., A. Droullhet and John Sealy. -V. 81, p. 975.
Road—Embraces 33.5 miles of track.
GARDNER,
MASS.
GARDNER
WESTMINSTER & FITCH¬
BURG STREET RY.—In December, 1899, absorbed the
Gardner Eleotrio Street Ry.
In Jan., 1907, requested permission
of RR. Commissioners to issue
$35,000 additional bonds under the mortgage of 1900.
Date. Intertst. Outstanding.
STOCK dk Bonds—
Stock, $185,000 ($100)
$185,000
1st mortgage ($1,000) ) 1900 5 g. F.-A.
150,000
Maturity.
Feb. 1, 1920
c* s Int. at Mercantile Trust Co., Boston, trustee.
Road—Owns 12 miles of main track from Gardner, through South
Gardner and Westminster to Fitchburg, where connection is made
with the Fitchburg & Leominster Street By.; also constructed a branch
gold
line to Wachusett Lake, which was opened for trafflo on May 26,
1900, bnt is operated as a summer branch only. Total, 16 miles.
Earnings -For year ending Sept. 30,1906, gross, $69,736; net, $28,-
378; charges, $17,267;
surplus, $11,111.
44
STREET RAILWAYS
OFFICERS—President, f£. F. Blodgett, Leominster; 8ee’y. Treas. and
Gen. Counsel. James A Stiles. Gardner; Asst. Treas., Walter
R. Dame,
Clinton.—V. 69. p. 1247.
GENEVA.
N.
Y
GENEVA
WATERLOO SENECA FALLS &
CAYUGA LAKE TRACTION—Trolley
In May, 1905. control of road changed hands, and It Is
supposed
N. Y. Cent, i nterests
the
See V. 80. e. 2344.
Organization-Chartered March 18. 1895, a« a consolidation of the
Geneva
Waterloo an-1 other companies
Owns the Cayuga I.ake
Park property of 50 acres.
V. do, p 5Hy
In I)ec. 1900, the HR
Commissioners granted permission to in¬
crease stock from *45o.000 to Si,000,009, and to make a new mort¬
V. 84. p 51.gage for $1.000,000.
Date.
Out suin' <1.
Stock & Bonds—
Interest.
Maturity
Com. stock, par, $100
$350,000
Pf. stock, $100,000, $100
«
100,000
1904-5, 6%
1stmort., $500,000 ($500 £ 1895
450.000
Aid. 1194 g. A-O
and $1,000) gold
c* s Int. at West End Trust Co., Phila., trustee.
Bonds—$50,000 of bonds are unissued.
Interest o- oonds was
formerly 0 per emit, hut In 1900 rate was reduced by consent of
bondholders, to 4 per cent
Road -The road extends from Geneva to Cayuga Lake Park througr
Waterloo and Seneca Falls, 17 miles; sidings, 3* miles
Hails 70-lb
girder and 6<>-lb. T. Track stanlard gauge. Operates 25 motorcars,
8 trail cars, 1 snow plow, l sweeper.
Earnings -For fiscal years ending June 30:
Tear.
Gross
Other Inc.
Xet.
Int.d: Tax.
Dio.
Surplus.
190(5
$90,225 $35,460
$529
$22,078
$13,911
1905
83,015
30.324
3,398
20.745
6,000
6,977
Officers —Fres., Isaac M. Thomas, Wilkesbarre, Pa., Vice-Pres.,
W. 8. Grant Jr.. Philadelphia, Sec Treas. and (ten. Mgr W. C.
Gray,
Seneca Falls; Sunt., Howard Gray, Waterloo.—V. 80. p.2344;
Y. 84,
p. 51.
are
-
new owners
....
,
.
| Voi,. J.XXXIV.
GRAND RAPIDS GRAND HAVEN & MUS¬
KEGON R Y.—Electric road. Third rail i-ydeui.
Organization — Incorporates in Michigan on March 6,1899, to build
an electric road on fenced
nghtof way, connecting the three cities named
in the title, a total distance of 48 miles.
The road was entirely com¬
pleted and put in' operation about May 1, 1902.
Thirty-year fran¬
chises in all towns through which it passes; otherwise private
right of
way.
-
Stock & Bonds—
Stock, $1,200 000
1st inert $1,500,000
($1,000), gold
c *
Date
..
..
GIRARDVILLE, PA.
Stock, $400,000 ($50)
$J00,000
1st cons. M
$1,450,000 g. )
1905
5 g. A-O
540.000
1935
($500 and $1,000)
o* \ Int. at Fidelity Tr. Co., Phila., Trustee
Bonds -Of the $1,450,000 authorized, $>-05,000
are reserved to re¬
tire The underlying liens in statement below.
Are subject to call be¬
fore 1910 at 105: thereafter at par an 1 interest.
Earnings.—For year ending A nl 17, 1906, gross, $196,633; net,
after taxes, +93.876; interest. $(54,426; surplus, $29,450.
OfFcers— Pres., G. H. Garber, Reading; Vice-Pres, J. C. Biddle;
Sec., Mac-Henry Wilhelm, Ashland: Treas
D. J. Langton, Shenan¬
doah.
V. 80. p. 1729; V. 82, p. lit 7.
.
Outstanding.
$1,200,009
..
Maturity.
)
work car
Road also does a freight business.
Officers— pres, J. R. McGiuley, Pittsburgh; Vice-Pres. and Gen’l
Mgr., v. K. Morley, Grand Rapids; sec. aud Asst Trees Wallace
Franklin. Detroit; Treas., Carl M. Vail, New York.—V. 76, p. 479.
one
.
GRAND RAPIDS HOLLAND & CHICAGO
RAILWAY
Organ-zation -Incorpor-tted in Michigan in July, 1904. and is a
reorganization on Aug 1, 1904, of the Gran 1 Rapids Holland <v Lake
Michigan Rapid Ry.
v.
p. 627.
Franchises in city of Holland
and village streets expire in 1928 to 1930; remainder ou
private
rights of way
Stock <Sc Bonos—
Date,
interest. Outstanding,
Maturity.
Prof., $850,000. 6 p 0.
$M50,000
Common, $500.0mO
500.000
tstmort
G. K, H & L.M
19 0 5 g. F-A
1,50 ',000 Aug. 1, 1950
$1,500,000, gold t$500 Int at American Tr, <fe Sav. Bk., Chicago,
* $1,000)
Truste
N Y.
or at Guaranty Trust
o
Bonds A sinking fund is provided of $5,000 per annum for first
5
years, $10,000 per annum for second 5 years. $15,000 yearly for third
5 years and $25,000 per annum for fourth 5
years.
Bouds are not
subject to call.
T nack—Operates 75 tn’les of track from Grand
Rapids through
Holland to Macatawa and Saugatuek, with steamer connection
at
..
ii
,
Holland lor
,
hie,ago.
<
Officers—President, Geo. Hendrle: Secretary and Treas., Strathearn
Hcndrie.— V.75, p. 1301; V. 7m, p. 702, 768; V. 79,
p. 627.
,
GREAT
...
FALLS, MON.
GREAT
road
FALLS STREET RY.-The property of this
sold at foreclosure in i-ebruary, 1904, aud purchased
by
was
John D Rya .President Daly Bank
Trust Co.
In June, 1906. the
Great Falls Elec. Propciles was organized with $1. '00.000
ptook, to
consolidate this company with the electro- lighting
company. No bonds
qr other indebtedness. Comprises 82H miles of track.—V. 82, p. 1437.
,
(1) SCHUYLKILL
TRACTION CO.
-
A trolley road.
Organization—Chartered Sept. 26, 1892, in perpetuity, under the
Motor Traction Act of March 22,1887
Road opened June 1, 1893
On Jan. 6, 1893, leased for 999 years the Mahanoy
City Shenandoah
Glrardvllle
Ashland Street Railway. On Oct. 5, 1893, leased for
999 years the Ashland i.ooustdale
<'entralia Elect. Ry.
Owns all
the stx*k of these 1 wo roads, which is pledged under the first
mortgage
On Aprii 27, 1900, leased for 999 years the Lakeside
Railway, which
connects the two ends of the company’s routes from
Mahanoy
City to
Shenandoah and purchased 2,60<> of the 5,000 Hhares of the
capital
stock. On Jan. 24. 1901, leased the Shenandoah & Pottsvllle Street
Ry
for 999 years (incorporated Aug. 1, 1900), from Pottsvllle to Shenan
doah, 13 miles, and bought all its capital stock. The Lakeside and
Shenandoah
Pottsvllle stock are pledged nnder consol, mort
STOCK & Bonds—
Miles. Date. Interest.
(JutsVing.
Maturity
lf*500 -$1K00O°h Kf’ I 22I« 1893 5 g A-O $500,000 Apr. 1, 1943
Ymo
JVtflr f Interest is paid atEquit. Tr. Co.. Trustee. Phila
Apt’ ’98 J
c* j B°nds may be purchased for sinking fund at 105
lf£ M$150000eguar’l ^ 1893 4gM-N
150,000 Nov. 1, 1923
by Schuylk. Trac
J
Interest at Equitable Trust Co., Phila., Trustee.
New
M.
o
vv’1
V
.
con.
$2,000,-)
1901 41s g J-J
*105,000
July 1, 1951
000, $1,000, gold.c* s Interest at Fidelity Trust Co.. Pnila., Tf-ustee.
These bonds, it Is stated, will be redeemed in the near future
Bonds.—Of the $105,000 consols reported outstanding,
$36,000
are held in the treasury.
Bonds are subject to call at any time at 105
and interest.
Sinking fund of 1 per cent of bonds outstanding be¬
*
operative on Aug. 1, 1907.
Road—Schuylkill Traction Division 22*2 miles of track, beginning
Locustdale, thence through Ashland, Holmesvllle to Girardville,
forming there a Y, one branch running through Lost Creek to Shenan¬
doah and the other branch to Malzeville, Gilberton and
Mahanoy City.
Lakeside division, 58j miles. Total, 28 miles. 60 and 70-lb.
T rail.
Extensions of 43 m. proposed and charters obtained.
Operates 51
motor cars, 4 work cars aud 2 snow
sweepers. Extensive improve
ments have been made —V.80, p. 1729.
comes
GREEN
GRAND
RAPIDS, MICH.
.
;■ i
listed
New York Stock Exchange.
Dividends—Dividends on preferred stock are cumulative and 1 k*
p. o
quarterly has been regularly paid up to and including Feb 1907
The
first dividend on common- 1 p. c.— was paid Sept. 1.
1906, and 1 p. c.
was again paid Dec. 1. 1906.
In 1907, March, 1 p. e.
Earnings—For calendar years:
T~ar—
>iross.
*rf
Oh urges.
Vref. Div.
Bal., Sur.
1906
$910,028 $462,136 $205,460 (5%) $75,000
$181,676
1905
820.469
19> ,260 (5%) 75,000
427,890
156,630
1904....
760.776
326,334
189,345 (5%) 7•"',000
61,989
Road—Owns and operates 57-339 miles of track. 127 motor oars.
OFFICERS—Fres., Clarence M. Clark, Phil.; Vioe-Pres., Lester J.
Rlndge, Grand Rapids; See., Treas. and Gen. Man., B. S. Hanchett,
Grand Rapids; Asst. 8eo„ C. Ford Stevens, Phil.—V. 78.
p. 45, 287, 702
V. 82, p. 1040,1268; V. 83, p. 3S0, 1228; V. 84,
p. 220.
on
,
BAY, WIS.
GREEN BAY TRACTION CO.
Trolley.
Organization -incorporated 111 Wisconsin m June. 1905, and is a
consolidation of the Fox River Eleo Ry
Power Co. and the Knox
Construction Co
In 1906, ai>jorbed the Green Ray Gas <fe Electric Co.,
although separaie organization is necessarily maintained.
Street railway franchise
is perpetual and ex lusive until 19 L-.
Stock and Bonds.
Date.
Int*rest Out st a. ad' a.
Maturity.
Stock, $1,000,000, $100
$ i .000,000
1st mtge
$1,000,000, g .)
1905 5gJD
725.000 June 10, ’35
($1,000)
cy
Union Trust o Detroit Trustee,
Green Hay G.&K
&ref. <
1905
5 g. M-N
298,000 May 1,1935
M ,$750,0oOg.($l,Ou0)e* s Int. at Wisconsin Tr. Co..
Milw., Trustee.
B ants —The Green Bav traction Co bonds
are subject to call at 105
until 1925; thereafter at par
The Green Bay Gas «fe El. bonds are
subject 10 call from 1910 to 1921 atlO>; thereafter at par
EarninuS. — For calendar years:
tear.
Gross
\et.
Operation zp
1906........
..$134,205
$>4,759
••
,
190
$39,446
120,887
78 595
42.292
Road—Owns and operates all lines in the City of Green Bay; also
a line from Green
Bay to I)e Pere City, and branch to Duck Creek,
and a line from Green Bay to W*-st De Pere. Little
Rapids, Wrighttown and Kaukanna: total 40-80 miles.
45 and 78 pound rail; 28
motor cars, 12 trailers.
OFFICERS—President, A. M. Murphy, Green Bay; Vice President
ami Gen Man.. Geo. W. Knox:
Secretary, B. L. Parker. Green May;
Treas., F. E. Murphy; supt., M. J. Kineh; V 81, p. 558; V. 82. p. 568.
...
....
GREENSBORO, N. C
at
GRAND RAPIDS RY.-Trolley.
Organization. Etc.—In April, 1900, was incorporated as a suc¬
cessor company to the Consolidated Street
Ry. aud the North Park
St. Ry., and owns all the street railway properties of
Grand Rapids
and vicinity. Franchises expire in 1919, in 1920 and in 1921.
STOCK & Bonds—
Date. Interes
Outstand'g.
Maturity
Stock,com., $2,000,000($100b
Q-M $2,000,000 Mch. ’07, 1%
Prof., $2,000,000 cum. 5;
n
p.c. ($100)
\
1.500,000 Feb. *07,1*4%
VF
Or. Rap. Ry. Co. 1st M—c* ;
1900 5gJ-D 3,215,000
June 1,’16
$3.500,0n0. gold, $1,000.. s Int. at N. Y. Trust Co.. Trustee
Bonus, Etc.—Of the new mortgage for $3,500,000, $285,000 is
reserved for permanent additions and improvements, aud can
only he
Issued for 85 per cent of the cost, and only “when the net
earnings of
the company for the preceding year are equal to. or exceed,
double the
interest charge on the total amount of bonds
outstanding, including
those to be issued.” 8inking fund became operative on Oct.
1, 1905,
payable 1 per cent of bonds out up to Oet. 1, 1910. then 2 per cent up
to 1915 (8ee V. 70, p. 1149); $58,000 bonds have been
purchased and
canceled. Bonds cannot be called. See V. 72,
p. 1187.
Bonds are
.
1901
5g. J J
L.500,090
July 1,1926
y Int. at Standard Trust > 'o., New York.
Trustee.
Bonds—The interest on outstanding bonds was guaranteed
for5yeara
by the Security Investment Co. of Pittsurgh
See V. 76, p. 479.
Road -Extends from Grand Rapids in a northwesterly direction to
Muskegon, with a branch to Spring Lake and Grand Haven. Connects
at Grand Haven with Goodrich Line of steamers for Chicago.
Total
track. 4m-13 miles; 70-lb. T rail. Operates 19 passenger, t> express and
,
-
SCHUYLKILL RAILWAY CO C)R aniZation—Incorporated in Pennsylvania ou July 20,1903. and
purchased the property of the Schuylkill Traction Co. and the Lake
side Ry. Co
V. 80, p. 17^9.
Stock & BondsDate.
Interest.
fhistandig. Maturity,
Interest.
GREENSBORO
ELECTRIC
Organization—Incorporated i
Stlck and B >nds
Com., $25«',ooo. $1'0
l’ref. $250,000,
$100,
Ditc.
i
CO
North Carolina on June 11,1901.
Interest.
Outstanding.
Maturity.
$250,000'
/
6 >
New
non-emn
were
issued und«-r mtge of 1901.
$
.
-
..
.
38.100
5 g J-D
$750.000,1 1905
250.000 June 1, 1930
g. ($500 <fc $1,000) .e" $ Int. at Mercantile Trust Co.. N.
Y., truste-.
1st mtge., $400 000, g., t
5gAO
1902
400,0 »0
Apr. 1,1927
($500 *v $1.000i
o < Int. at Trust Co. of America, N. Y.t trustee.
Bonds—Of the $750,000 new bonds, $4'>o,0<»0 are reserved to retire
prior liens and $1 < 0 000 for future .extension**. They are subject to
call ou any int date at 110 and int. Of tne $400,00 1 1st
5s, $5,500
mtge.,
Earnings— For year ending Dec. 31. 1906 gross, $130,309.
Road—Operates 10 miles of track in Greensboro, including exten¬
sions to Revolution. White Oak ami Liudley Park. Standard
gauge.
93 lb. girder and 60 lb T rails.
Officers—Pres, John Karr; Vice Pres., F. A. C. Perrine, New
York; Sec.. Z V Taylor; Treas., VL D. Barr, Gen’i Mgr., Ernest Gonzenbach. V. 75. p. 849; V. 81, p. 777,
greenvTlLe,
s. c.
GREENVILLE TRACTION CO. A trolley road.
Organization Incorporated in South Carolina on Sept. 7, 1899.
STOCK & Bonds—
Date.
Interest
outstanding.
Maturity
Stock, $500,000, $100..
$306,000
1st Mtg $250,000, cur. t D>01
5 F.-A.
250,00 »
Feb. 1. 1931
($1,000 & $500) ....c* ? Int. at Girard Trust Co., Phila., Trustee.
Hoad--Operates 13 miles of track.
OFFICERS—President, Joseph 8 Keen Jr.; Vice-Pres. and Mgr., Harold
P. Keen; See’y, H, Bayard
Hodge; Treas., Geo. M. Bunting, all of
Philadelphia.
,
.
GROTON^
CONN.
GROTON & STONINGTON ST* R Y -A trolley road.
Organization-Incorporatedin Connecticut on Aug. 17, 1904.
STOCK & Bonds—
Date
Interest
Outstand’g. Maturity.
Com., $400,000. $100
See text.
$400 000
Pf.,6%,$200,000.$ 100
200.000 Aug.’00,7kj%
1st mtge., $375,000, >
1904
5g J J
375 000 July 1, 1924
gold ($1,000)
c £ Interest at International Trust Co., Boston.
No 8. f., but bonds are
Komis
subject to call at any time at 120
Interest. Trustee is Treasurer of State of Connecticut
Dividends—On pref. in IhOd 6, 6%; on commou in 1905-6, 3°o.
£ARN'NQS~F- r year ending June .0, 1906. gross. $112,711;
an*1
extension of 7Lj miles was completed in Dec., 1904, from Boonsboro
South Mountain to Meyersville, where connection is made
across
completing a
with the Frederick <fc Middletown Railway, tints
net,
$54,784: interest. $ls,75<>; surplus, $30,034
Road—Operates 20 miles of track from Groton, through Noank.West
M>stlo. Mystic, titonimrtnn and Pawcatuck, to Westerly R. I. Put In
operation on Ma\ 6, lv-05. Connects by ferry with New London.
OFFICER' - crest., Thos Hamilton, New London. V oe-Prest., B. F.
Williams, Mjstie. see , Chas L). Nojes, Norwich; i reas., Costello LipV. SO, p. 2344.
pitt, Norwich
after taxes.
through line from Hagerstown to Frederick.
This extension was
built by the Hagerstown
Meyersville Ry.. which in Sept . 1904,
mortgage
$125,000.
made a
for
Total track. 3
miles. In Aug.,
1905, he Hagerstown
Northern Ry. whs organized with $12i>,»>00
stoos aud $i 20,0c0 5 p o bonds to build 10 mil* s of traok toVonneot
with the track of the Chambersburg Greei.castle *v Waynesboro Ry.
This line
Ry-& P. 1st
G
1.003
g.
at
ROA'
subject to * alt; no sinking
Railway & Power bon s are subject to call
—Operates 13 miles of track from
Gulfport to Biloxi and is
Christian.
C Elder, Gulfport;
R K. Powers, (024
building 10 miles additional from Gulf, ortio Pass
Officers - Pres . J T. Jones, Gulfport; See’y* H.
Treas., E. A. Durham. Sisterville, W. Va ; Auditor,
Prudential Bldg., Buffalo, N Y. V. S3, p. 95.
HACKENSACK,
N. J
Date. Interest. Outstanding.
STOCK & Bonds—
$1,000,000
Stoc k, common $5,000,000... ..
Stock, pref. $750,000 0 p. o. )
cum
\
mort., $5,000,000 gold s 1900
'$1,000) c*
> Int. at
bonus- The amount unissued is
(550,000
maturity
See below
4 g. M-H
3.015,000 Mar 1,1950
U 8. Mtve.cVTr.Co., N.Y.. Trustee
reserved f< r extensl- ns and imBonds can be called on and a/ter March 1, 1905, on any
proven ents.
Interest day at 105 and interest, upon six weeks’ i.otloe. V 80. p 998
Dividends—The first dividend or 5 pei cent on pref. stock was paid
on Feb
i
1901. In Feb., 1902, G per cent was paid. In Feb.. 1903. a
scrip dividend of 6 per cent waH paid.
In Feb.. 1004. the 1903 scrip
,
dividend was paid in cash
Feb., 1905, the 1904 scrip
and a new scrip dividend of G p. o. paid. In
dividend was paid and a new scrip dividend
scrip dividend was paid
Feb.. 1907, the 190G scrip
of 6 p c dedal ed
Earnings—tor calendar year 190G (whole property) gross, $430203; nei, $i 77,03■<; other income, $20,423; total income, $1-7,4 1;
taxes $13,115; interest. $119. 5'; sur.. $60,095.
Road—Owns and operates 30 15 miles oft rack from W. 130th St., New
York City (terminal at Edgewater). to Englewood, Hackensack and
Paterson
The Hackensack line was opened on June 21, 1900. Ex
tension to Areola and Paterson of 5 miles was completed and put in
operation April 1, 1903; the car- of this com pan v operating to Main
and Broadway, the business oentre of Paterson, under trackage rights
During 1902 1903 the property
from the Publio Service Corporation.
of the Ferry Co. was reconstructed, new b-ry boat built and new
ferry house erected. During 1905 new cut off w as built, giving double
In Feb., 1906. the l9«*5
c. was paid.
and a new scrip div. of G p. c declared. In
dividend was paid and anew scrip dividend
of G p
track from Edgewater to
OFFICERS—Pres
Hackensack
A. Merritt
Date.
Interest.
Q-J
f'i+tdends.
Out si and'g.
$510,000
See text.
Is being paid.
Road—Owns 23 miles of track, extending from State line t<> Whiting,
East Chicago and Hammond, and operates in connection with south
Chicago City *<y. to 63d st. and Madison Ave. in Chicago
Officers—President, D. F. Camerou, Chicago; Vice-President. D.
Treasurer, O. S. Gaither; Gen. Mgr, Geo.
nnurimings: Secretary
Folds.-V. 79. p.
103
M.
R.
_
HARRISBURG, PA.
TRAC CO-and
leased the Harrisburg Traction Co. and subsidiary lines' at a guaran¬
teed rental of G percent. The Harrisburg Traction Co. stockholders
CENTRAL PENNSYLVANIA
ORuaniZATion-Incorporated in Pennsylvania on July 9, 19u3,
allowed to subscribe for the new stock, share for sh^re; has no
An a-SHS8iuent of 10 p o. (#5 per snare) was callt-d on the
stock in Aug 1*0 '. 8ee V. 81, p. 725
*>u Oat. 17, 1903. acquired a
majority of the +200,000 stock of the Peoples’ Bridge Co. The Linglestown tte Blue Mountain Ry. Co , which is controlled t trough stock
ownership, was put in operation ’o Linglestowu on July 1. 1901.
Owns entire stock of the Harr shurg A Hummelstowu Ry. aud guar¬
antees its bonds, p. aud i.
Franchises are perpetual.
STOCK dc BundsDate. Interest.
Out stand' g
Maturity
Stock
$ J, 100,000.
...
$2,1011.000 )20 N pd.)
were
JERSEY & HUDSON RIVER RY &
FERRY CO.
Organization—Incorporated at Trenton, N. J., on Feb. 27. 1900, as
a consolidation of the Bergen County Traction Co. and tin? Ridgefield
andTeaneck Ry. Co. See V. 70. p. 430. This company owns the entire
capital stock ($200,000). first mortgage bonds ($100,000) and second
mortgage bonus ($3*1.375) of the Riverside <fc Fort, Lee Ferrj Co.
(owner of the We**t 130th Street Ferry) amt the entire stock ($19,100)
and bonds ($187,57'• of the fl’ghlaud Improvement Go
These se¬
curities are all deposited under the $5,000,000 mortgage.
Com¬
pany also leases the Hudson River Traction Co., which see below.
Franchises perpetual except one ior 99 years. Chiefly private right
NEW
of way.
Miles.
Stock—
....
Stock. $1,000,000
23
Dividends.—6 per cent p< r annum
Bonds—The new bonJs of 1905 are not
The Biloxi Electric
100 and int.
Win. Jennings;
IND.
HAMMOND,
$*-00 "and°$1000>. ^ Iut- at Hibernia Bank A Tr. Co., New Orleans.
fumi
comple ed in Oct.. 190G
HAMMOND WHITING & EAST CHICAGO
ELECTRIC RAILWAY-A trolley road.
Organization—Chartered in 1892. Franchise expires m 1954.
\T. 62, p. 86
Com rolled in interest of South Chicago City Ry.
1 23
200,000
J-J
was
OFFICERS President, Christian W. Lynch: Treasurer.
Seo. and Supt., W. C Hepperle.
V. F4, p. 339.
GULFPORT, MISS.
GULFPORT & MISSISSIPPI COAST TRAC¬
TION CO
Org^niZA ion. Incorporated in Mississippi in 1905. Pureha ed the
Biloxi Electric Ry.
Power Co and the Gulfport Development Go.
Sjr CK AND B NDS—
Date.
Interest. Outstanding. Maturity.
Stock. $1,000,000, $100
$1,000,000
1st nmrt. #1.000.000/
190# g. J-J
1,000,000 Sept 30/35
gold, $1,0 0
] Iut. at Hibernia Bank & Tr. Co,, N Ori., Trus.
Bit. El.
45
STREET RAILWAYS.
Feb., 1007. J
Taylor; 1st Vice Prest., W. H.
Clark;
3d Vice-Prest..
2d Vice Prest., Frank R. Ford, 24 Broad St, N Y
W. N. Barrows; Secretary and Treas , 8. C. Stivers; Gen. Mgr., F W.
Bacon.
General offices, Edgewater, N J. —V. 32, p. 510, 1323.
HUDSON RIVER TRACTION ORGANIZATION—incorporated in New Jersey on March 22, 1902.
Control of stock is owned by the N. J. <& Hudson River Ry <fc Ferry Co.
which leased this company on luly 1,19‘ 4, uuti March 1, 1950, rental
being net earning-* of tne lessor company < >n 8ept. 1, 1903, purchased
at foreclosure sale the Newark A Hackensack Traction Co and took
possession of the property on Sept. 25. Franchises, except in Has-
bonds
.
L$fWi1905 5 A °
Al’ril l' 1935
l< 5’° °
^ ** e S
at Hai nsburg Tru»t Co , Trustee.
$5u0)
M W -00,000
April 1, 1935
[TYT ( 1805
Bonus.—Both issues are guaranteed p. and i. by end. by
Penn. Tr. Go.
Of the Ling. & Bl. M. bonds, $20 000 are
Penn, ext- unions.
These bonds are subjectlo call after
the Central
reserved lor
1915 at 105
and Interest.
REPOR '
For fiscal year ending June 30. 1906. gross, $640,356;
$.130,999; rentals, heiteruients. taxes ami Interest, $214,33 7; sur¬
plus. $116,162.
OFFICERS Pres , F. B. Musser; Vice-Pres., B. F. Mvers; Seo. <fe Treas.,
W. J. Caider; Supt.. F. M. Davis.—V 8», p. 725; V 83, p. *91.
net.
( I ) HARRISBURG TRACTION—A trolley road.
Pennsylvania Traction Oo.
dividend of 5 per cent was paid at that
$2,100,000.
Stock dt BondsLast Div.
Par. Date. Interest. Outstand'g
Harrisburg Traction,
stock, $2.500.000...
50
6FA
$2.' 00,000 See text
Citizens’ Passenger— S
1894 6 g. M N
75,000 May 1,1924
1st M., $75,000, gold < Iut. at Com’wealth G lar. Tr. Co., Harrisburg
In June, 1903, was leased to the Central
o. on stock. A stock
rime, increasing outstanding stock to
at 6 p.
i.eased to E Uar. Dans. Ry.—
Harris. City Pass. stk..
I2J-J
125.000 Lease rent
25
Middletown H.AS.stk.
50
10 J-J
100,000 Lease rent
The Traotlon Co. holds in its treasury $700,000 (all) stock of che
Harris. Pass. Ry. and $235,000 (all) of Citizens’ stook
V. GO, p. 873.
East
Dividends - ruedivulea is in Feoruary aad August 1899, aggregat
4 percent, were paidiu stock, the money being used la
floating debt. Dividend period changed to quarterly,
1 percent
reducing
Dividends again ohauged to
ing
paid iu cash Ooi
L894.
aud
£n l -0 •. 4 p. o
semt-aunual and 2*« p. c. p*ld Feb. 1. 1901 aud
p e. on August. 1.
In 1902. 5 p o.
In 1903. 6 u. o , alsoscr p dividend of 5 n. c on Aug 1.
In 1904. 6 p. o
In 1905, 6 p c. In 1906, 3 p. o In 1907. Feb., 3 p. o.
ROAD -Leases aud operates 47 miles of track as follows: East Har¬
risburg Passenger, 24 miles; Citizens’ Passenger, 6 miles; Harris¬
burg City Pass.. 5 miles; Middletown Highspire & 8teelton Pass.. IS in.
OFFICERS—Pres , Edward Bailey; V. Pres., B. F. Myers; 3eo.
W. J. Caider; 8upt. and Pur. Agt., F. B Musser.—V 77. p.
rreas
,
VALLEY TRACTION CO —A trolley road
Is understood to be controlled by he Cumberland Valley
and
196.
RR
1903. and
Electric
Rv
Ry.,the West Falrvlew
Ma
ysville
Eieotrlo
. the Fair view & Riv¬
Maturity. erton Passenger Ry., the Carlisle » Mechanicsburg St. Ry., the Camp
Hill & Harrisburg Pass. R\„ the Harrisburg & Rivertou St. Ry. and
brouck Heights, are perpetual
Stock & BondsDate. Interest. Outstanding
Com., $L,U00,000, ($100)..
$1,000,000
Pref. 4% non o.. $500,000..
235,100
1st mort. $1,000,000, gold ) 1902
5gM 8
5G4 OOO Mar 1,1950
($1,000)
) Int. at U S Mort. & Tr. Co . N.Y., Trustee.
Bonus—Are subject to ca 1 on any int. dare at 110.
No sinking fund
Earnings—For year ending Deo. 31, 1906, gross, $83,252; expenses
$69,181; net, $14,071
Ruad - Owns and operates 17’11 m. < 1 track from Hackensack through
Hasbrouck Heights, Woodridge and Rutherford to Arlington where
through connection to centre of Newark is made over the tracks of the
Public Service Corporation. On May 16, 1904. opened a new line from
Hackensack via Hasbrouck Heights to Passaic and fr>m Lodi to
Passaic, operated in conjunction with the Publio Service Corp In Aug.,
1904, commenced operating to Broad and Market sts., Newark
OFFICERS—President, O. a. TwMning; 1st Vice Pres., H Mac Mul¬
len, 24 Broad at.. N. Y.; 2d Vice Pres., W N. Barrows Seo and
Treas., S C. Stivers; Gen. Mgr , F. W. Bacon. General Offices, Edgewater, N. J — V. 78, p. 47
HAGERSTOWN, MD.
HAGERSTOWN RAILWAY.-a trolley road.
Organization—Chartered March 12, 1896, in perpetuity. No iongei
has city contract, but furnishes commercial electric lighting.
Fran¬
Organization -Incorporated in Pennsylvaniaon Nov 18,
comr >ls through ownership and lease the Harris uirg Ai Meohanlosburg Electric Railway Co , he White Hill & Meohainosburg
the
United Electric Co.
Stock & Bonds—
Common,$500,0 *0, $50 ...
Pref..$50",00 ,5% n.c.,$5 \
Date.
Interest.
"
Maturity.
Outsfand'g.
t500.0<'0
35..,. 50
5g. A-O
547.41 *0 Oct.1,1933
mtge., $700,000, gold /
1903
#100 & $500)
c* S Int. at Farmers’ Tr. Co.. Carlisle, Pa., Tr.
6 g. M-H
144.500
Sep .1914
1894
HAM. 1st M., $224,000, g.
Interest is payable at office of trustee, the Harrisburg Trust Co.
Bonds.—Val. Trao. bonds are subject to call after Oct. 1, 1908, at
1st
110
A linking
fund of #5,000 par annum commences
Oct. 1, 1908.
Earnin
For calendar year 1906, gross, $190,816; net,
taxes and charges, +67,897; deficit, $38L
Road
Operates 40 miles of traok from Harrisburg to
$67,516;
Fairview,
Marysville, Riverton, New Cumberland, White Hi 1, Camp Hill, Shiremanstown, Mechanicsburg, Boiling Springs and
arlisle. Gauge, 5 ft.
2 in.; 50 and 100 lb. girder and T-rail.
Officers
-
President, M. C. Kennedy. Chambersburg; Sec.-Treas.,
Chambersburg; 8npt. C. H. Bishop. V. 78, p. 1393.
W. L. Ritchey,
CONN
RAILWAY
-Trolley.
chises are perpetual.
Interests identified with this company in July, 1901, purchased a
1 in foreclosure August
1,1899.
NewAcompany
SRganizaTion—This
is the
Hartford
West organized, and be¬
majority of the stock and all of the bonds of the Myersville & Catoctin
gan business on Oot. 19, 1899.
Old bondholders received stook in
Electric Ry.,but shortly thereafter directors of the latter made a new
exchange for their bonds.
lease of the road to the Frederick A Middletown Railroad, which
Stock & BondsFar. Interest. Outstanding.
Dividend.
see on a previous page
In Feb., 1907. authorized stock was increased stock.
$100
$t 89.000 (f>0 paid)
$189,000
from $200 00 * to $1000,000
Y 84, p. 339.
1904 5 J-J
30.00’
July 1, 1924
Interest.
Outstanding.
Maturity. Debentures
Stock & Bonds*
Date.
ROAD-d/perates 15*1 miles of track laid with 70-pound T rails. 10 8
$200,0 *<»
Stock, $1,000,00 *. $50
miles of which it owns and upon 4*3 miles of which it has trackage
1st
290,000
May 1, 1916 rights
mtge
$200,000,) 1896 fig. Q-F
gold
$ Iut. at Eavy Lan« A Co , Hagerstown.
Rt PORT -Year ro June 30, 1906: Gross, $56,220; net, $2,804; int.
ROAD—Hagerstown to Williamsport and Funkstowu, 13 m. or track.
.
...
HARTFORD.
FARMINGTON STREET
.
,
„
Under the name of the Hagerstown A Boonsboro
sion of 10 miles was built in 1902, Funkstown to
Hagerstown A Boonsboro has $120,000
Hartford Horse RR.
Ry. Co. an exten¬
Boonsboro. The
stock and $120,000 bonds. An
surplus. $87.
OFFICERS—Pres and Treas.. E. D Robbins; vjo© Prest.,
Barney; Secretary and Gen’l Mgr., C. E. Hubbard.—V. 69.
and taxes, $2,717;
„
D. Newton
p. 283.
46
STREET RAILWAYS
HAVERHILL,
HAVERHILL &
—Trolley road.
MASS.
HENDERSON, KY,
AMESBURY STREET RY.
In Feb. 1907, the Merriinao Valley Electric Co. was organized with
$1,625,000 stock to hold the securities of this company, the Citizens’
Elec 8t. Ry. of Newburypurt and some other companies.
STOCK & Bonds—
Dale. Interest. Outstanding.
Maturity
Stock, $250,000. par $100
See text
$150,000 Oct.,’97, 3%
Black Rock A Salisb’v Beach $ 1891 5gJ-J
94.000 July 1, 1911
1st mortgage, gold.
I Interest at International Tr’t Co.,Boston.
Haverhill A Amesb’yConsol. 5 1892 5g. J-J
196,000 July 1, 1912
M. $290,000 g., $1.000.
). c* Hnt. at Am. Loan & Tr. Co., trustee, Boston.
<1896 6 J-i>
200,000 Deo 1, 1911
Debenture notes.
} Interest at Am. Loan A Tr. Co., Boston
“Cur. liab.” Sep. 30. 1900
2*0,433
Dividends—None since Oct., 1897.
ROAD—Has 28 miles of track, Including sidings, etc.
Annual Report—For years ending Sept. 30 earnings have been :
Gross.
Net.
lnt.. taxes, <6c.
Bat
1905-06
$123,562
$47,664
$42,631
$5,033
1904 05
39,350
sur. 1,055
111,485
40,411
Officers—President, E. P. Shaw, Newburyport, Mass.; Sec. and
Treas Geo. A. Butman; Office, 8 Congress St., Boston.—V. 68, p. 672
,
HAZLETON, PA.
WILKES-BARRE & HAZLETON RR.ORGAnization—Incorporated Id New Jersey May, 1901, and acquired
the entire ($1,500,000) capital stook and ($1,500,000) bonds of the
Wilkes*barre A Hazleton Hailway Co. (Pennsvlvania incorporation)
and deposited the same, together with $140,000 (entire issue) of the
Lehigh Traction Co.’s 5 per cert certificates ©^Indebtedness and *922.
200 of the stock of $1,000,000 of the Lehigh Traction Co., as security
for the Wilkes barre A Hazleton RR. Co., lmue of first collateral trust
raort 5 p. c. gold bonds.
V. 72. p. 1281. Franchises are 999 years in
and around Hazleton ano perpetual from Hazleton to Wilkes Barre.
Cutstand.'g
STOCK
BONDS— 100) Date. Interest. $2,500,000
.com. &
,$2,500.000($
Maturity
.
Stock,
pref.
6% non-cam.
$700,000
200 000
Coll. tr. mtge.,$2,500.( 00 S 1901 5g.MfeN»6, 1,900,000
May 15. 1951
gold ($1,000)
o' ) lnt. at Guaranty Tr. Co
N. Y., Trustee
Coll.tr. mtge...$1,500,000 S 1905
5g a-O
(0
Oct, 1, 1945
gold ($1,000)
c t lnt. at Guaranty Trust Co., N. Y., Trustee.
Bonds—Of the authorized issue of $2,500.000collateral trust bonus,
$6* 0.000 are reserved to retire all bonds -of the Lehigh Traction Co
A sinking fund of $20,00<> per annum, commencing June 1, 1908, is to
be invested in the coll, trust bonds or in bonds purchasable by sav¬
ings banks in N. Y. State. See V. 72, p. 1281; V. 78. p 289.
The
coll, trust terminal bonds have a sinking fund of $10,000 per annum
commencing in 1910
Bonds can be called beginning April 1 1910, at
110.
Pref. stock can at option of company ire changed at anytime
into the bondFiOf the company at par, said bonds to bear not less than
5 p. o., or nav oe redeemable at par In cash.
Earnings.-For year ending Dec. 31, 19<»5, gross. $290,666; net,
..
..
..
$168,789; interest, $124,250; surplus, $44,539
OFFICERS—Pres A. Markle; Vice-Pies,, John B Price; Treas., N. C
Yost; Hec., C J Kirschncr; Asst. Sec’y, C. J. Kirschner—V. 78, p.289 —V. 81. p. 560; V. 83, p. 1292.
.
( 1 ) LEHIGH TRACTION CO.—A trolley road.
Organization—Chartered Nov. 7. 1892.
Franchise perpetual.
Owns, controls ami leases for 999 years at an annual rental of $1 each
the Hazle. <te Suburban Elec. Ry.. capital $30,000; Hazle. A South Side
Electric Ry.. capital $75,000; Hazleton <fc North Side Electric
Ry.,
capital $75,000. Tiie $140,000 certificates of indebtedness and $922,
200 of Lehigh Trac. stock are deposited as security for the Wilkesb.
& Hazleton RR. bonds.
STOCK & BON Da—
Date.
Interest.
Outstand'g.
Matur Uy
Stock, $1,000,000, $100
$1,000,0o0
let more., $500,000, gold, ( 1893 5g. J-D
500,©00 June l, 1923
$100, $500, $1,000
c' S Markle Bkg. <te Trust Co., Hazleton, Trustee.
Certiflo’es of indebtedness
140,000
Carbarn bonds. $55,000
1895 5g M-8
55,000
1925
Hazle Park bds.. $60,000
1895 5g. A-O
36,000
1925
Road.—Operates 22 miles of track, new 58 lb steel T rails, oak ties;
well ballasted.- Road extends from Hazleton to West
Hazleton, to
Yorkrown (connecting with Penn. RR. and Lehigh
Valley RR.), to
McAdoo (south) and Milnesville. Latimer Mines and Freeland (north).
OFFICERS-President, A. Markle; Vice-Pres., W. H. Lawall; Sec.,
C. J. Kirschner; Treas., N. C. Yost; Gen’l Mgr., A. Markle;
Supt..
C. B. Houck.-V. 6 4. p. 232; V. 66, p.23 3; V. 72, p.
1279.
.
(2)
WILKES-BARRE As HAZLETON RY.-A trolley,
and
steam
third-rail road.
Organization—Chartered Deo. 13. 1899, under General RK. law
April 4, 186s, state of Pennsylvania. The Wilkes-Barre <Sfc
Act of
Hazleton RK.
owns
the entire stock and bonds
STOCK & Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock, $1,500,000, f. p
$1,500,000
1st M., $1,500,000,
(
1901
5 g. M-N
1,500,000 May 1. 1951
gold
s Interest at Guaranty Trust ‘ 'o.. N. Y Trustee.
ROAD—Owns 27 miles of r<»ad from Hazleton to Wilkes Barre, and
..
,
for terminals l mile L. T. Co track at Hazleton aud 2 miles W.
B. A W. V. T. Co. track at Wilkes-Barre; total, 3 »
miles, commenced
uses
partial operations on Jan. 12.remainder on May 1.1903. Rails, 95 lbs.
OFFICERS—Pres.. A. Markle; Vlce-Pres., C. B. Houck; Treas.. N. C.
Yost; Sec., I). T. Evans; Gen. Man A. Markle; Compt., C. J. Kirschner; Supt of Transportation, A. F Harger.
,
HELENA LIGHT & RY.
HENDERSON CITY RY.-A trolley road.
Organization-Has 30-year franchise, granted in October, 1886.
Has acquired the Henderson
Ferrv Co. In Aug. 19o«. the Ohio
Valley Banking A Trust Co. of Henderson was appointed receiver.
V 83. p. 380
Road was to be sold under foreclosure on Feb. 18,1907
See V. 84. p. 339.
Stock & -»ONOS—
Date.
Interest. Outstand'g
Maturity.
Stook ($250,000)
$250,000
1st M., $250,000, gold > 1904
6g. J-J
150,000 Jan. 1, 1924
($100 $500 A $1,000) s
lnt. at Louisville Trust Co., Trustee.
Bonds.—Not subject to call; $100,000 reserved for extensions. See
V. 78, p. 1497.
Road—Operates 10 miles of track. An extension to Evansville, Ind.,
12 miles, w as under oenntruction. Company lia* purchased 22 acres of
land opposite Henderson, which u-ill be converted into a park
OfmOers—President, J. E. Buliannan, Louisville; Vice-Pres., A. L.
Rich; Cincinnati; Seo. and Treas., II. W. Richardson. Louisville;
Supt., K. R. Battin, Henderson. V 83, p. 380; V. 84, p. 339.
HOLYOKE,
CO —Trolley, electric light
d
.
MASS
HOLYOKE STREETRAILWA Y-Trolley. On Jan.
17, 1905, leased the Hampshire St. Ry. tor 25 years at 5 p. c. per
annum on the $60 OOO stock.
V. 80, p. 650. Also leases the Mt. Tom
Incline) HR until June 1, 1922. a*- 6 p. o. per anuuin on the $100,000
stock
In June, 1 *«.«, issued $100.0’>0 addittoual stock at$15J per
share, to take up floating debt.
V. 82, p. 1322.
Date.
Interest.
StockOutstanding Last div., ett.
8 J-J
Stock, $800,000 ($100)..
$800,000 Jan., 1907,4%
Deb. b’ds ($500,$ l ,000)c *
5 A-O
1895
250,000
Apr. 1, 1915
Debent
bonds
($500)
5 A-O
1899
Oct. 1, 1920
85,000
<te $1,000)
o* s
5 A-O
Debenture bonds
1903
265,000
Apr. 1, 1923
Leased line rental, Mt.
l om HR Stock, 6 p. c
6
100,000
Interest on all bonds payable at Holyoke Nat. Bank
Dividends—In 1892 to Jan.. 1907. inclusive, 8 per cent yearly
Road—Has 51*59 miles of track, including Hampshire St. Ry.and
Mt. Tom (incline
RK. 4 900 feet long, and connecting with the
Woronoco rtt. Ry to
motors; Hampshire
Westfield. Mass.; 109^oars, 9 snow-plows and 216
fit. Ry., 4 miles additional.
Earnings—Years ending Sept. 30.
19i>6.
Gross
1905.
earnings.$446,921 $420,652
Net
lnt., taxes, Ac..
165,746
96,674
162.319
1906
Dlvs. paid (8 p.e.)$60,000
Bal. for year
sur.9,072
.
1905.
$56,000
15,708
90,61*
71,708
Bal. for div’nds
69.072
Sur. at Sept. 30.$89,747 $80,675
Officers—Pres Gen. Man. and Purch Agent, Win S Loomis; Seo.
and Treas.. Louis D Pcllissier; Supt., G. H. Hunter, all of Holyoke —
,
V. 71, p.
602, 809; V. 76.
HOT
p.
212. 705; V. 8“,
SPRINGS,
p.
65u; V 82, p. 1268,1322
ARK.
HOT SPRINGS STREET RAILROAD-Trolley.
Organization—Chartered in 1894; successor to Hot Springs Electric
Street Railway.
Controls Fountain A Suburban RR.. 1 mile.
Stock db Bonds—
Date. Interest. Outstanding
Maturity.
Stock
$100,000 ’
1st inort., g. ($250 OO0)
1894
Hg. J-D
200.000
June 1, 1924
St. Louis-Union Trust Company, fit. Louis. Mo., Trustee.
Road—Operates 12 miles of track.
Officers—President, S. W. Fordyce; Vice-Pres., H. E. Martin; Sec
and Treas. J. R.
Mushy.
HOUGH TON,
MICH.
THE HOUGHTON COUNT Y ST. R Y.-Trolley road.
Organization. Incorporated in i899.
Docs an ele trio railway
business in Houghton County.
Franchises in public streets expire in
1930, 1932 and t933. Private right of way perpetual.
Date.
Interest.
Stock and Bonds—
Outstand'g.
Maturity
Stock, $750,000 ($100.
$750,000
Pref., $500,000, 6% u. c. (
200.000
Oct, ’06. 3%
$100
S
O A-U
....
..
1st mortgage,
$750,000, <
1900 5 g, J -J
750.000
July 1, 1920
($1,000), gold
..c* ) lnt. at Boston Safe Dep. A Tr. Co., Trustee.
Notes payable Nov. 30. 1906
166.000
Bonds—Whole is^uc or any part can be called on or after July 2,1905,
interest
at 105 and
Preferred stock can be redeemed at 110
»
Report—For year ending Dec. 31, 1906. gross. $229,245;
net
$**2,989. charges. $46,976; surplus, $36,013.
ROAD.—Owrus 27 miles of track, including lines from Houghton to
Hancock and from Hancock to Laurium, Red Jacket, Wolverine, Lake
Linden and Tamarack-City; >5 cars 60 and 70 lb. rails
OFFICERS.—President. F. J Bawden, Hanco k, Mich.; Vioe-Pres.,
H. G. Bradlee; Treasurer, A. Stuart Pratt, Boston; Act’g Ass’t Treas.,
R. E. Bawden; Secretary, H. R. Haves
Mgr., W. H McGrath; Gen’l
Mgrs. and Transfer Agents, Stone and Webster, Boston. V. 82, p. 692.
..
...
...
HOUSTON, TEXAS.
HOUSTON ELECTRIC COMPANY.
Trolley.
OrganizaT'On—Chartered at Austin, Tex., on Oct. 26, 1901. and is
successor to the Houston Elec. St. Rv. Co., sold at foreclosure Oct., ’01.
Controls all the street railways in Houston.
Franchise originally ian
until Oct. 23, 1925, but in Jan.. 1903, was extended 10 years: for terms
see V. 76. p. 158.
In May. 1902. stock and bonds listed on the Boston
Stock Exchange, in Dec.. 1905. sold $500,000 new pref. stock to
Stockholders »r par.
V. 81, p. 1795.
Date.
Interest.
Stock db BondsOutstanding.
Maturity.
Com., $2,000,000 ($100)
HELENA, MON.
and power, gas light and fuel
[VOL. LXXXIV.
$2,000,000
.
Preferred. 6% non cum. )
F-A
l,0u0,000 Feb., ’07,3%
$1,000,000 ($100-.... <
1st mtge.,
1900
5 g. F-A
$2,500,000 \
2,030,000 Aug. 1,1925
gold ($1,000)
s f.c*. t lnt. at lntern’1 Trust Co., Boston, Trustee
Bonds—$170,000 are reserved for extensions aud Improvements at
80 per cent of cost.
Entire issue, but not any part, can be called on
ami after Aug. 1, 1910,at 107hj and interest.
Organizat ion—Incorporated in Connecticut in sept, 1905. as sue
the Helena Light A Tiaction Co.
V. hi, p. 1043.
Controls
the Helena Gas Light A Coke Co.; comprises the city’s entire streel
railways, and gas and electric-light plants Franchisesexpire April 4, !
Sinking fu»d of l^ap. c. of bonds outstanding payable on Ang. 1
1926
Is controlled and managed by J. (4. White A Co. New York.
each year. See V. 74, p. 6>-0; $108,640 was held by this fund on Nov
Stock & Bo-DS
Date.
lnter*st.
<hitstandinu.
Maturity
30, 1*06.
Common, $90 *,000
$561,000 Jan ?/, ’07. 1%
invittends—Dividend on preferred stock due Aug., 1904, and Feb.,
Pref $600,000. 5 % cum
Q-J31
374,000 Jan ?a. 07,1 »*% 1905. was passed because of strike and
boycott; the strike was ter¬
1st mtge.. *4.500,000.
^
1005
S^O.OOo
f g M-S
Sept. 1, 1925 minated October 11, 1904 (V. 79, p. 1704) and dividends were resumed
gold ($L.000)
o* s lnt.. at Knickerbocker Tr. Co., N. Y.. Trustee
on Aug. 1, 1905,
when 3 p o was paid. In 1906, 6 p c. In 1907,
Bonds—The new bond* of 1905 are subject to call at 105 »nd inter
Fell.. 3 p. c.
est on or after Sept 1. 1910, $(>50,000 are reserved for extensionsand
Road—Comprises 45 miles of track. Operates 102 cars.
improvements, of vrhich $500,000 may be issued only for 85 p. c. of
Earn'NGS—For 12 mos. ending Dec. 31, 1906. gross, $591,351; net,
A sinking tuna, if 1 u p
cost.
c. ner annuii <»f bonds ontstamiing
$211,805: charges, $93,319; sinking fund, $29,304; divs. on preferred
oommenees June 1. ?908. wdiich will be increased to 2bi o. c.
per an,
stock $52,500; surplus, $36,482
June 1,1918; said fund to be used in retirement of bonds at not
Officers—Pres.. Geo. J. Baldwin; Vice-Pres., Guy E. Tripp; Treas
See V 81, p. 1550.
higher than i05 and interest
A. Stuart Pratt; Sec., H. K. Hayes; Mgr
David Daly; Man. aud Trans¬
Dividends—FP e per cent per annum is being paid on pref.
stock
fer Agents, Stone & Webster, Boston.—V. wit p, 1795.
First div. i n common 1 p.c.—paid Oct 31,1906 In 1907, Jan. 31.1
p c
EARrsmQs-For 12 months ending Aug. 31, 1906, gross, $238,815.
net. $92,828; fixed < barges, $42,500; surplus. $37,**61.
N. Y.
Road—Operates 17 miles oi track.
ALBANY & HUDSON RAILROAD CO
Office S—Pres P. G. Gossler, New York; Vloe Pres., M. H. Gerry
OrganiZai ion—Incorporated iu New York on Mar. 12, 1903, aud is
Jr., Helena; Sec’y. H. S. Collette, New York; Treas Geo. W. Buunreil successor to the Albany <fc Hudson
Ry <fc Power Co sold under fore¬
Jr.. New York; Ass’t Sec. and Treas., H. L. Walker, Helena;
Mgr., O. closure on Feb. 11, 1903, per plan in V. 75, p.847. Franchises are
E A. Carr, Helena,—V. si, p 777, 8s9, 1043, 1550; V. 83,
p. 1037.
perptual.
.
cessor to
.
,
.
HUDSON,
,
,
.
Feb., 1907].
Date.
Stock & Bonds—
Interest.
Outstand'g.
Maturity.
$750,000
$1,000,000 ($100)..
Pref 5%, cum. after 1908,>
1,000,000
$1,000,000 ($10<>>..
1st mort., $2,000,000,gold >1903
5 g. M-S 1,750,000 Mar. 1,1943
($1,000)
c* > Int. at Colonial Trust Oo., N. Y., Trustee.
Bond*— Interest was 4 per cent until March 1,1906, but is now 5
p.o
No sinking fund and bonds cannot be called. 8ee V 75, p. 847.
Com.,
Road—Operated by third-rail system from Hudson via Renselaer to
comprises 37 miles of main line and 9 miles of sidings, with
2 additional miles of overhead trolley road in Hudson. Total, 48
miles. In Feb., 1900, made contract giving it privilege to enter Albany
over the tracks of the United Traction of Albany. Operates 30 passen¬
ger cars and 14 freight and express cars, and 3 snow plows. Hails, 70
and 80-lb. steel, standard gauge. Supplies light and power along route.
Earnings For iis al year ending June 30. 1906, gross. $265,671;
net, $96,711; fixed charges. $92,803; surplus, $3,908.
OFFICERS—President, Clinton L. Rossiter; 1st Vbe-Pres. and Gen.
Mgr., Wm Darbee; 2d Vice-Pres., A. M. Young; Sec. and Treas., H.
G. Runkle, 100 Broadway. N. Y.—V. 79, p. 680; V. 82, p. 803.
Albany,
HUNTINGTON, W. VA.
CAMDEN INTER-STATE RY- A trolley road.
In July 190r, 95 p. o. of tne stock was purchased by Hon. Wm. C
Sproul, Chester, Penn., Rudulph Ellis, Phil., and W. E. Chilton, of
Charleston, W. Va
-
Organization—Incorporated in West Virginia In 1900.
In June,
1906. we were advised that franchises, such as are not perpetual, then
bad from 15 to 40 years io run,
tJaie.
Interest.
Stock & BondsOutstanding.
Maturity.
Stock, $2,000,000, $100.
New mort., $1,500,000,)
g.($1,000). no
s.
$2,0'*>,000
f., and >
cannot be called, .c.&r.
housri
Power
)
s >
bonds
($1,000). $75,000 gold. >
Cons. Lt. A Ry. M., guar
Asld. & Cattl. M., guar
...
.
1901 5 g. M-8
1,325,090 Mar. 1, 1921
Citizens’ Trust & Guaranty Co., Parkersnurg, Trustee.
1904 ft g. M-s
7,000
Mar. 1,1929
Int. at First Nat. Bank. Huntington.
190,000
5o,000
6% M-A27
6% J-J
1923
1923
Bonos- $150.00o of the new bonds are reserved to retire the firsts of
like amount, and $25,000 are in the company’s treasury.
Interest on
the bonds is payable at the Union T ust
D. posit Co of Parkersburg.
Earnings—For calendar year 1906, gross, $381,283 In 190--\ gross,
$334,655.
Road—Operates 37 miles of track in and between Huntington, W.
Va., Cattlettsburg and Ashland. Ky., and Ironton, Ohio.
Extensions
in Ashland and Ironton are
contemplated.
OFFICERS—Pres. Hon. Wm. C. Sproul, Chester, Pa
.
Vice-Pres., W. E.
Chilton, Charleston, W. Va., Seo. and Treas.. Thos. McK. Hays.
Huntington; Gen. Mg a., W. W. Magoon, Hnntington.—V. 80, p. 471
V. 83, p.
47
STREET RAILWAYS.
and tickets are to be sold at the rate of six for twenty-five cents and
twenty-five for one dollar.
The oompany also binds itself to pay over to the city (wblob is to ex¬
pend it on the publio works) the sum of $30,000 yearly, from 1899 to
1925, and $50,000 yearly, from 1926 to 1932, inolusive, the oontraot
expiring In 1933—see V. 68, page 723. The oity gets the right to pur¬
chase the property “ at any time within two years and not later than
one year before the expiration of this contract,” nothing to be paid for
the value of the franchise. Law sustained May, 1902.
V. 74, p. 936.
As to the three-oent-fare case, whioh the U. 8. Court of Appeals
decided In favor of the Citizens’ Co. in Deo., 1897, see Supplement ol
Nov.. 1898, and V. 64, p. 842,1180; V. 65, p. 51,181, 1172
Guarantees the ($400,000) bonds of Broad Ripple Traction Co., and
owns 75 per oent of its stock.
Lease.- On Dec. 29,1902, was leased to the Indianapolis Traction
& Terminal Co. for 31 years. See V. 75, p. 1301. Lease provides for
dividend of 1 p. c. Jan. 1,1903, then 3 p. o. in semi-annual instal¬
ments for first year, 4 p. 0. for second year, 5 p. c. for third year and
6 p. 0. after July, 1906. As part consideration for lease, Indianapolis
St. RR shareholders were given $1,500,000 Ind. Trac. & Term, stock.
STOCK & Bonds—
Date. Interest. Outstanding Dimdends,<6c
Capital stock ($100)
J-J
$5,000,000 Jan., *07. 3%
Indianapolis St. Ry. gen.) 1899 4 g. J - J
6,000,<>00
Jan. 1,1933
M., $6,000,000, gold > Interest at Guar. Trust & Safe Dep. Co.,
($1000), guar
c*)
Phila., trustee.
Citizens’ St. Ry. 1st M > 1893
5 g. M-N
4,000,000 May 1,1933
$4,000,000 gold
o* s Central Trust Co. New York. Trustee.
Interest on Citizens’ consols at Fourth Street Nat. Bank, Phila.
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been
canceled. No bonds reserved for the Citizens’consols. The oompany
binds itself to pay to the Indiana. Trust Cc. a sum annually suffi¬
cient to redeem at maturity the greater part of the entire Ibsuo of
Indianapolis Street Ry. bonds; this provision is guaranteed by the
Indianapolis fraction & Terminal Co. See V 76, p. 642.
,
Stock and bonds listed on Phila. Stock Exchange.
Road-"Operates 136 miles of track, with 350 ^ar«
delphia.
V. 76. p. 48, 542. 593, 1085; V. 79, p. 151.
INDIANAPOLIS
&
EASTERN
Date.
STOCK & Bonds—
►
.
RIPPLE
Mtfi, ir.OA *Af>n immi/«i nom«* ' 1899 ft g.. J-J
Mtg.
gold.$400,.M>o($i .900)0 , lnt Ht Guar Tr,
Bonds— Are guar., p.
bonds cannot be called.
400,000
Ar S.
July 1, 1933
I). Co.(Phila.>,True
and 1.. by Indianapolis 8t. Ry.
No
s
f., and
The Indiana Union Tract. •o. also guar, the
principal and interest of half (♦200,000) of The bonds and half of the
remaining $2o0,000 bonds until May, 191
Road—7^3 miles of track from Indianapolis to Broad Ripple Park
Interest of the
OFFICERS—President. John B. Warner; Sec. John D. Thomson; Treas
orer, E. B. Peck.-V. 69, p. 180; V. 73. p. 137, 183; V. 7s, p. 1167.
INDIAN A POL. IS COAL TRACTION
Trolley,
by Randal Mo> gan ana those assoc iated with him.
Organization. - 1 >corporated in 1901 and is successor in 1903 to
the Indianapolis & Plainfield Electric RR Co
Will do a large eoaloarrying business as well as passenger. Franchises expire in 1' 53.
Maturity
STOCK db Bonds—
Dal*. Int treat, • mlland'g.
Stock, $2,50o.00u
$2,590,000
1903 5 g. J-J
400,000
Sept 1. 1953
1st mortgage. $5,000,000,
Indiana Trust Co., Indianapolis, Trustee.
gold ($1,000), b. f .c«fer‘ Int. at Mercantile
Trust Co., New York
A stnkinu fund of 1 p. c. or outstanding bonds begins July 1, 1908.
Road—Is to operate 165 miles from Indianapolis, through Plainfield,
is controlled
Greencastle and Terre Haute to Sullivan, wiili a branch from Greencastle to Rockville. Is in operation to Plainfield, 14 mlleH. Remainder
is under construction
OFFICERS—President, Hugh J. McGowan; Vice-Presidents, W Kesley
Schoepf, haR. Murdock and D. G. Edwards; Hec’y, Jos. A McGowan;
Treas., Jolm J. Appel. V. «1. p. s*75.
INDIANAPOLIS TRACTION & TERMI’L CO
Organization—Incorporated in Indiana on Aug. 4, 1902. with
$509,000 capital, which was increased in Jan., 1903, to $5,000,000
($1,500,900 being given to Indianapolis Street Railway sharehold¬
ers as a bonus), to lease the Indianapolis St. Ry. and to provide ter¬
minal facilities for all interuman electric roads
now entering or yet to
Indiauapolis. Franchise Is for 31 years, unnerthe terms of which
the oompany is to pay the city 4 cents per car for the first 11 years, <»
cents for the next 10 years and.9 cents for the remaining 10 years. On
Deo. 29, 1002. leased tor 31 years the Indianapolis Street Ry.
V 75,
Wideuer-Elkins syndicate is understood to be in control.
p. 1301.
Interurban railways enter the city under agreements by which they
pay 3 rents per passenger for all passengers carried In the city limits
and an additional 1 cent for those using the terminal station. V. 81,
enter
p. *64
Stock & Bonos—
Stock, $5,000,000
Date
Interest
...
1st mort.,
$5,000,000, ( 1903
gold ($1,000).
.
5
g.
A-O
utsland'g.
$5,000,000
3,750,000
Maturity.
Jan. 1,1933
«; Int. at Guarantee Tr. & 8 D Co.. Phila., Trust
Bonds—$1,250,000 are reserved for extensions and betterment*. A
sinking fund provides for the payment annually of II5 per cent of
bonds outstanding, including those in th - sinking fund. See V. 76 p
1085.
Bonds may be iirawu for siuk. fund after Jan. I, 1908, at
ai d interest and are subject to call at that
price after Jau. i, 190s
See V
HI.
s. f .c*
264.
Road, dbc.-In addition to 136 miles of Indianapolis St Rwy., has
11 miles of new double track under construction, together with interurban passeuger stations and two freight depots; 10 miles of track
have been completed
Earning—For calendar years
ft
Year.
Gross
tsink fund.
Surplus.
Charges.
190
$2,50 4,283- $1,124,468
2,207,578
1.289,3*0
OFFICERS- President, Hugh J
>
1905..
$1,151,802
1,010.343
$272,666
216,331
$62,666
McGowan: Vlce-Pres. & Gen. Mgr.,
Robt. I Todd; Vice Prest., E. 8. Peck; Vice Pres., John J. Appel; ^ec.
& Treas.. W. F Milholland. V. 81, p. 264; V. 82. p 627; V. 83, p. 1411.
INDIANAPOLIS STREET RY.—A trolley system.
Organization.—Incorporated in Indiana, March 7, 1899. After
acquiring the Citizens’ Street RR. of Indianapolis and the City Rail¬
road, made a contract with the City of Tndianapolis agreeing to sur¬
render the rights and franchises of both companies and aocept a
new franchise running only thirty-four years.
The contraot also pro
vides that cash fares are not to exceed five cents, with free transfers,
ref.. $200,000 ($100)
1st
TRACTION -A trolley road
Organization -Orgauized as successor to the Indianapolis »te Broad
Ripple Rapid Transit Co. sold at foreclosure July, 1899. The Indianop. St. Ry. owns about 75% of stock, but. organization separate.
Stock db Bonds
Kate.
Maturity.
Date
Outstand'y.
Stock $100,000 (par $10o>..
.*100.000
BROAD
RY.-Trolley
v outrolled by Randal Morgan Hnd his Philadelphia associates.
Is
io be induced in the merger of Indiana roats proposed by the United
Gas I in pro epient Co.
Organization—Organized In 1902 under the laws of Indiana as a
consolidation of the Indianapolis A Greeutteld Rapid Transit and the
1 ndianapolis <fc Eastern Traction.
Franchises are for 50 years in Marl¬
on and Wayne count es, perpetual in Hancook and Henry counties,
and 30 years iu the oities of Greenfield and Knightstown.
Interest.
Com $1,000,000 ($100)
IND.
90-lb. rail.
OFFICERS. —Pres., George Browu, Indianapolis; First Vice-Pres., J. A.
Lemche; 2d Vice-Pres.. Joseph S. Neff, Philadelphia; Sec. and Treas.,
Henry Jameson; Asst. See. and Asst. Treas., C. E. Morgan 3d, Phila¬
33.2, 491.
INDIANAPOLIS,
V. 69. p. 851.
.
Outstaud'g.
$1,000,000
’ 65.000
Maturity.
5 g. J-J
7<H>,000 July 1, 1927
$1,000,000, gold ($l,-'Int. at Mercantile Trust Co., N. Y., or at
000), s. f
c* ( Central Trust Co., Indianapolis, Trustee.
2d mortgage, $200,000, / 1904
6 g. M-S
200,000 Sept. 1, 1914
gold
.slut at Marion Trust. Co., [ndianapolis, Trust.
ind. & Green. 1st M.,11899
5 g. J-J
300,000 Jan. 1,1929
$100,000
($1,000), < lnt. atCit. Savings <feTrust Co.,Trustee, CHeve.
.e* (
or at First Natioual Bank, New York City.
gold
Bonds—Of the $1,000,000 couhoIh authorized, $300,000 are leserved
to retire the Indianapolis & Greet field first 5s.
A sinking fund becomes operative after 5 years.
Fund is to be invested in the 00mconsol.
mtge.,(1902
...
Bany’s
bonds ifbethey
105 and
onds cannot
called.
can See
be bought
interest.
V. 75, at
p not
342 more
Thethan
second
mtge.
bonds
arti subject to call after 3 years, but have no s.f. On the Ind.<fc Greenfield
bonds, $12,500 is payable yearly to a sinking fund beginning Oct. 1,
1904, writh which bonds beginning with No. 1 are being purchased at
105 and accrued interest; $36,000 have been so purchased.
Earnings—
Y 'arstnd. Dec. 31:
Gross.
Net.
Charges.
Surplus.
1906
$
$270,909
$
$
1 <.,05
1904
***
237 591
217,197
98,778
50.000
48,77*8
Road -Owns about 60** miles of track, including 50 miles from Indi¬
anapolis city line, where it connects with the Indianapolis Street Ry.,
whose track it operates within Indianapolis under a 33-year con¬
tract, to Dublin, where connection is made with the tracks of the Rich¬
mond Street Railway. Also operates a branch of 1(> miles from Dunretth to Newcastle, on private right of way. 70*lb. T rails.
over
Officers -Pres., Hugh J.McGowan; Vlce-Prests-.W. Kesley 8choepf,
Chas. Murdock and D G. Edwards, nee aud Treas.. Jos. A. MoGowan
-V 78, p. 229. 2012; V. 80, p. 711; V 81, p. 975; V. 83rp. 37.
INDIANAPOLIS COLUMBUS & SOUTHERN
TRACTION CO.-Atrolley road.
Organization—Formerly the Indianapolis Greenwood <fe Franklin
RR., which companv was incorporated In Indiana In 1895. Name
changed as above In Jan., 1903. Chandler Bro*. & Co. of Philadelphlahave underwritten the $635,000 of bonds outstanding.
STOCK & Bonds—
Date. Interest. Outstanding
Maturity.
Stock, $635,000
$635,000
1st mortgage, $1,‘>00,000 >
191- 5g. F-A
635.000 Feb. 1,1923
gold ($1,000)
.0* v lnt at Trust Co. o' N. Amer.. Phila., Trus.
Bonds -Canuot be called. $365,000 are reserved for extensions and
Improvements at not exceeding $15,000 per mile See V. 76, p 654; V.
82, p. 1212.
Earnings—For year ending Deo. 31, ’WOG, gross.$240,034; net, after
taxes, $9«,0R4: Interest. $23,62*; surplus, $69,459.
Road—Operates 40 miles of track between Indianapolis, Franklin
and Columbus.
Standard gauge. 60-lb. T rail. Mostly private right of
way. An extension to Seymour, 20 miles, is under construction to
conneot with Indianapolis & Louisville Tr*c. Co., thus forming a
through line from Indianapolis to Louisville
It Is exp oted to be in
operation by May 1. 1907
Officers—President. Jos. I. Irwin; Vice-Pres., Wm. G. Irwin; Sec.
and Treas., Hugh Th. Miller; Gen. Mgr., A. A. Anderson, all of Colum¬
bus, Ind. -V. 77, p 823; V. 78, p. 1446; V 82, p. 928, 1212.
.
INDIANAPOLIS & MARTINSVILLE RAPID
TRANSIT CO
A trolley road.
Ih now controlled by interests identified with the Union Traotion
Co. of Indiana
In Deo.. 1905, it was proposed to consolidate the
with the Ind.
Northwestern Traotion Co. V. si. p. 1848.
Organization—incorporated in Indiana on April 24, 1901. Operates on private right of way except in incorporated towns.
Maturity.
Date.
STOCK db Bonds—
Interest.
Outs-anding.
8took, $750,000 ($100)
$750,000
nitirA
$750 000/
1902
5 g., J-J
750,000
Jan. 1,1932
lnt
1
oompany
($1,000) gold. .0 <sr t
^
Union Trust Co. and Security Tr. Co of Indian-
apolis. Trustees. Int. at Security Tr. Co., Ind.
sinking fund, but bonds are subject to call after 10 years
8ee V. 78, p. 1223.
Earnings—For year ending Dec. 31, 1906, gross, $147,117; In 190’>
Bonds— No
at 105 and interest.
$127,778
Operates 30 miles of track from Indianapolis to Martlnsvlll
completed in May, 1903. 70-lb. rails, standard gauge. Extension t
Bloomington, 20 miles, has been surveyed.
OFFICERS—Pres., Hugh J. McGowan; Vioe-Prests ,W. Kesley Schoepf,
gross,
Road
Chas. Murdock and I>. G. Edwards; Sec . E. B. Peck*’Treas., Jos. A.
McGowan —V. 81, p. 975, 1848; V. 83, p. 37.
48
INDIANAPOLIS & NORTHWESTERN
TRACTION CO.—A. trolley road.
In »«pt., 19o5, contiol of this company and of the Ind. <fe Western,
Col Buckeye L. <*5 Newark and the Col. Newark m Zanesville were
sold by Tucker, Anthony <te Co of ios on to a syndicate headed by
Randall Morgan of Philadelphia. V. el, p 975.
Organization —Organized lu 1902 in Inniana. Operates a m ‘dern,
high-speed inter urban railroad, standard ^auge, located upon private
rightof way outside of the city corporate limits.
Extends northwest
erly from the city of Indianapolis through the cities of Lebanon and
Frankfort to the city of La Favette, with a branch from Lebanon to
Crawfordsville. each of which cities is the county seat of its respective
county
Has’rackage rights to the b siness centres of Indianapolis
and I a Fayette.
The franchises run for 31 to 50 y-ars and permit the carrying of
freight,
express and mail, as well as passengers.
Date.
Interest.
Stock & Bonds—
Outstanding.
Maturity.
Common, £2,550,000
$2,550,000
4 r 0,000
Pief $4 50,000, 6S, n.o.
1st mtge., $3,000,000 (
1903
5 g. M-S
2,470,000
Mar. 1,1923
c* S lot. at Knickerbocker Trust Co., N. Y.,Trustee.
gold ($1,000)
,
Bonds—The remaining $530 000 for improvements and additions at
50 p c. and 75 p. c. of cost
N*> sinking fund, but bonds can he called
on any
Interest date at 110 and Interest.
.
Report- For year ending Dec. 31. 1906, gross, $417,621; for year
ending S-pt. 30. 19(>5, gross, $363,12*; net. aftei taxes, $144,464; in¬
terest, $1*2.4,5< 0; surplus, $20,F64.
Road Operates 92 25 miles or track between Indianapolis, Lebanon,
Frank tort, Lafayette,and Crawfordsville. standard gauge 7CFlb. T rail
Operates 20 vestibule and 1 freight cars. Power house and car barn
are at Lebanon.
Office rs— President. Hugh J. McGowan; Vice Prests., W. Kelsey
Schoei f; Chas. Murdock and I) G. Edwards; sec and 1 reas., .ioh. A.
McGowan — V 80, p. 2457; V. 81. p 975; V. 82. p. 49; V. 83, p. 37.
INDIANAPOLIS
CRAWFORDSVILLE
TRACTION CO.-Ai. electric road.
WESTERN
Organization—Incorporated in Indiana in 1903
Traction Co and name changed in 1906
STOCK <Sc Bonds—
Stock, $3,000,000
Date..
Interest.
as
&
Propost
Outst'dmg
$1,500,000
express cars
Officers-President, George A Ball; Vice-Pres., Fred C. Gardner;
Seoretarv, John E. Reed; Treasurer, J. F Wild; General Manager,
Chas. L. Henry.—V. 77, p. 250. 18“ *, 2159; V. si. p. 668, 1375.
INDIANAPOLIS & WESTERN TRACTION.V. 83. p. 56*2
See V. *0 p. 1912;
ION E, CAJL.
IONE & EASTERN RR. CO
Organizat'On—Incorporated lu California on April t‘2. 190L On
Sept. 11. 1 u05, stock authorized was increased from $1,000,000 to
$2,000 000
STOCK <Sc Bonds—
Date. Interest Oulslaading
Maturity.
Stock, $2 000.000 (£100) /.
$1,000,000
1st mortg’e, $ri00.000. gold ( 1M04
5g..J-J
3c0,000 Julvl,’34
($1,000).
c v r ) Int at Uulon 1 r Co., San Fran.. Trustee.
...
Hoa.au-A sin
..
ing fu -d of 3 p c. per annum of bonds outstanding
July 1, 1909. but bond* are not subject to call.
Road - Is to operate 15 miles of track from loue to Jackrfon with a
branch of 5 miles to Amador oity. Standard gauge.FO lb. T rail Road
Is under construction and 13 miles in operati n from lone to Marcommences
teil.
OFFICERS Pres,
Charles Ericksc ; Vice Prest., F. J. Solinsky;
Sec., J. A. Mcdhe-son. San Frau.; Treas., R. F. Crist, San Frau.; Gen.
Mgr., D. McCall, lone —V. 81 p. 26
IRON WOOD,
.
TWIN
...
June 1, 1907. Powerhouse located ai Crawfordsville
Will have 6
regular passenger cars, v limited passeugercara and 2 express cars.
Officers-—PreH.. A F Ramse,, Crawfordsvi le, Vice-Pres ana Gen.
,
Road—'^pvrates 47 miles of track connecting Indianapolis with
Shelbyville aud Gre6nsburg.
6i>-lb T rails.
10 passenger and 2
Maturity
s to
A F. Reynolds,
Oliver P. HensiCj.
stock Is redeemable at 105 and accrued dividend on auy dividend date,
feee Y. 81, p. 1375.
Bonds—Of the $1,000,000 new bonds. $500,000 Is reserved for prior
liens. The new bonds are subject to call on any int. date at 105 and
Int
Ol the Ind Shel As S. boi ds the entire issue may be called on any
Interest date at 110
A 8i»si>>g tuud on these bonds of $10,000 per
annum commences Jan. 1, 1908, for which bonds can be called at 105,
beginning with the lowest number
Earnings—For calendar year 1906, gross. $117,443; 1905, gross,
$104, ‘21.
.
build 87 miles or track between Indianapolis
and Danvil e
Section between Indianapolis and Crawtordsvilie, 45
miles, is under construction, and is expected to be completed about
Mgr
'
the Consolidated
1st M..$3,000,000,g.($1,000)
1906 5. g. J J
feee text May 21,1936
Bonds— The bonds are being Issued as construction p ogresses.
Road
[VOL. LXXX1V.
STREET RAILWAYS.
Crawfordsville; Soc’y, Edward Hawkins; Treas
Stock <£ Bonds
Stock
.
First mortgage,
($1,000)
MICH.
GENERAL ELECTRIC
Date. Interest. Outstand'y. Maturity
CITY
$400,000
...
..
$200,000 S 19^0
5 g. A-O
142.000 Oct 1, 1930
)
Int. at Milwaukee Trust Co.. Trustee.
...
Road—Owns 7±q miles of track
OFFICERS-President aud General
Manager, E
D. Nelson;
Vice-
President. E T. Larson; Seoretarv and Treasurer. H. F. Jalm
ITHACA, N. Y
,
ITHACA STREET RAILWAY—
INDIANAPOLIS NEWCASTLE & TOLEDO
RY — An electri road.
Organization Incorporated in Indiana on Nov. 23, 1904. Has
private right of-way 150 feet wide, without grade crossings.
STOCK & Bonds—
Date. Interest. Outstanding. Maturity
Stock, $3,500,000
$3,5o0,000
1st mtge ($4,500,000), gold ) 1905
8ee text Jul'yl,1935
5 g. J-J
($1,000)
s Int. at Knickerbocker Trust Co., N. Y.
Bot<(18—Tbe bonds are being issued as construction progresses.
Road-—Proposes to build from Indianapolis to Newcastle, 46 miles;
Newcastle to Munele. 20 miles; Newcastle to Winchester, 28 miles;
Newcastle to Richmond, 2b miles, and Snlrley to Ande sou, 16 miles.
Total. i40 miles. Tbe lines from Indianapolis to Newcastle and Rich
inond. 90 mites, are under construction, and are expected to be compleied between Indianapolis and Neu castle by Aug. 1, 1907
Power
house will be at Newcastle.
Will have 8 passenger cars an > 2 express
ELECTRIC
cars.
OFFICERS—Pres David M Parry; Vice-Pres., Clias.
Hernly, Newcastle; 8ec’y. W E Stevenson; 1 reas., Eli Marvin, Frankfort. General
Oflice, Traction Terminal Bui ding, Indianapolis.
Organization—Chartered Nov. 18, 1884. Leased the Cayuga Lake
Railway in June, 1894, for 49 years upon the terms that it
shall pay principal and Interest of the leased road’s $25,000 first mort
STOCK & Bonds—
Date.
Interest.
Outstand'y
Maturity
Stock, $325,000,pr.$l 00
$325,000 1905 6,5 s 04
1st mortgage, $175,000
s 1892
6J - J
175,000 July 1,1922
(Int. payable at Farm. L.&T. Co., N. Y. City.
2d mortgage, $75,000
6J-J
1894
75,000 July l, 1922
25.000 June 1,1922
CayugaL. Elec. 1st M.,gn.
1894
6J - D
Dividends.—In July, 1895, 3 per cent; lu April, 1896, 3 p. o.; 1896-7,
2*a per cent; in 1897-8,
percent; 1898-99 to 1902-03, none; In
1903, Sept., 2
p. 0.; in 1904, Sept., 3 p. c.; in i905, July, 4 p. o.
Road—owns and operates 7-68- miles of track.
Ralls, 45 to 62 lbs.
standard gauge; operates 29 cars and 1 snow plow.
REPORT - For fiscal year ending June 30, 1906: Gross. $110,944;
net, $.ie,405; int. and taxes. $21,370. dividends, $17*875; def.. $2,840.
Officers.—Pres., Edward G. Wyckoff; Vice-Pres., C. F. Wyekott;
Sec. and Treas., R. L. Post, all of Ithaca -V. ’“2, p. 988.
Electric
,
INDIA NAPOLIS& CINCINNATI TRAC- CO.
In July, 19o0. Chits. L. Henry was aopointed receiver, owing t<» the
inability of the company to sell its bonds. It is proposed 10 convert
part of the bonds into pref stock or 2nd mtge. bonds. A reorgatiiza
tion committee wan formed In July, 1^06. The receiver was authorized
to issue $900,000 6% receiver’s certificates due Aug. 1, 1907.
V. 83.
p. 37. 95, 272.
ORGAnizat on.—Incorporated in Indiaua on Feb 4,1903. Owns the
entire oommon -took of the Indianapolis <fe southeastern Traction
Co.,
which it also leases.
Private right of way except in cities and
towns.
Ooun'y tranoilses perpetual. Franchises In cities and towns
are for 50 yrars, except in Indianapolis, which is 31 years.
Has
contract with Indianapolis Traction & Terminal Co
allowing its cars
to enter Indianapolis for 31 years.
Stock <Sc Bonds—
Date.
Interest.
Outstand'y
Maturity
Stock, $2 000,000,$ 100
$2,0b0,000
1st mtge.. $4,000,000, ( 1903
2,000.000
5 g. J J
July i, 1933
gold <$1,0('0>
.0* S Int. at Farmers’Loan &Tr Co.,N. Y..Trnstee
Bonds.—$2,000,00' are reserved for extensions and improvements.
No sinning fund and bonds are not subject to call
Road—Is to operate a double-track road from ludianauolis, via Rush
ville. Counersvllle and Hamilton, to Cincinnati. Road is now in op
eration i« Connersville, 58 miles.
10 passenger cars and 1 express
oar.
Uses the single-phase alternating current system
70 b. T rails.
Power house for the operation of all lines is located at Ruslivllle.
Officers - President, Chas. L. Henry; Secretary, J. F. Wild;
Treas.. John J Appel.-V 81, p. 668; V. 83, p 37, 95,272
..
('
\'
INDIANAPOLIS
As SOUTHEASTERN TRACTION—A trolley
road.
Organization—Organized in 1905 as successor, through exchange
the Ind. Shelby ville «fe Southeastern TraoMon Co. Entire
Is owned by the Indianap.& Cincinnati Tract. Co., which
also leases the road for 999 years and guarantees its bonds and divi
trends on its pref. stock after Oct 1. 1908, when that stock becomes
cumulative. Rental under lease to be 50 p. c of gross receipts, from
JACKSON,
held in common control, the stock of both roads being pooled.
The roads are in the hands of a commute* consisting of Walter C.
Kerr. L. H. Hole and
N. Coler Jr., New York; Geo. C. Smith,
Pittsburgh; J. I>. Hawks and s. F. Angus. Detroit, and W A. Bo¬
land and J. P. Clark, Jackson, Mich. See V. 79. p. 269.
are now
Organization—Incorporated in Michigan in 1904, aud is
extensions and betterment* at 9«> p. c.
in excess of interest charges. Including
on
pref. stock, under lease,
are
guaranteed by
cosi,
interest
provided earnings are
on
bonds to t»e issued.
JACKSON,
MISS.
JACKSON ELECTRIC RY. LIGHT& POWER.
Organization—Incorporated July 19, 1898. Company operates the
perpetual.
Stork.—Dividends
of
Practically all prior Hens have been retired See V. 79. p. 1705.
Earnings-For fiscal year ending April 30, 1906, gross. $132,474;
net, $50,150; fixed charges, $3 4,500; surplus. $16,650
Road-Owns aud operates 30 miles of track in Jackson, including
interurban lines to Grass Lake, Wolf Labe, Michigan Center and Vandercook Lake
70-lb. rails
Operates 30 cars.
Officers—President, Bird S. Coler, New York; Vice-Pres. W. A.
Boland,New York; Sec. and Treas.. C B Hole, New York; Mgr.,J. P.
Clark; Supt., B. T. O’Mara.—V. 82, p. 987, 1212.
street
Ind. & Ciu. Traot. Co. as follows: Got. 1, 1906, 2 p. 0.;
April 1, 1907,
lH p. o. Oot, 1, 1907,
p. c.; April 1. 1908. 2 p. e.: Oct 1, 190*, 2
p. c.; April 1, 1909, and thereafter, 2*0 p. 0., semi-annually.
This
consoli¬
railways In the City of Jackson. Franchises expire in 1930.
Date.
Stock & Bonds—
interest.
Outs<<nan‘g. Maturity.
Stock, $1,000,000. $100
$1,000,100
1st M., $1,000,000. gold )
712.000 May 1.1934
1904
5g.M.-N.
($100.$500&$l,000)c* < Int at Guardian Trust Co., N. Y.. trustee.
Bands.—1The new ref"ndiug bonds are subject to call at 105 and In¬
terest. on any interest date; $288,000 of these bonds are reserved for
of stock, 10
...
a
dation of the old Jackson <te suburban Traction Co., the Wolf Lake Ry.
& Resort Co. aud the Highland Resort Co.
Constitutes all the street
common stock
which bond Interest, taxes and dividends on stock are to be paid.
V.
81, p. 668
Franchises are perpetual In Marion aud Shelby coun¬
ties and 50 years iu Hhelbyvtlle. Operates over
private right of
way with exception of 38> miles
Has 31-year franchise from city of
Indianapolis and arrangement with the Ind. Traction & Terminal Co.
allowing It entrance Into the city.
Stock & Bonds—
Date. Interest. Outstand'y
Maturity.
Common. $600,000 ($100)
$600,000
Pref., $600,000, see text
($100)
600,000
See text.
1st mtge, $1,000,000, g > 1905
5g. J-J
500,000 July l. 1935
($1.000),guar
S Int. at Farmers’ L’n & Tr » o , N. Y , trus
I. Shel. <te bouthea. ’stM.,> 1902
5 g. J-J
500,000
Jan. I, 1932
$500,000. g. «$1.000> h. f S Int. at Am. Trust, As Sav Bank, Chic., trus.
MICH.
JACKSON CONSOLIDATED TRACTION.
This company and the Detroit Yp«Uantl vun Arbor & Jackson Ry.
railway, eleotrlo light and
Stock & Bonds—
Stock, *250,000 ($100)
1st
mortg’ge, $250,000
($1,000). gold.
gas
Date.
plants of Jaclison.
Interest.
Outstanding.
Franchises
Maturity.
$250,000
250,000
.
1899
5 g„ A-O
Apr. 1, 1929
< Int. at Memphis Trust Co., Memphis. Trustee.
it
Sinking fund of $1,500 per annum, hut bonds cannot be called
Road—Operates‘12 miles of track. Gas plant was rebuilt and a new
power house erected in 1907.
OFFICERS—President, F. G. Jones; Vice-President. Ben H. Wells
Sec. and Treas.; S. T. Carnes. ’
JACKSON, TENN.
JACKSON RAILWAY & LIGHT COOrQAN Zation-Incorporated in Tennessee in July. 1906, and is
successor to
the Jackson & suburban Street
Railroad
Co.
Franchise
expires in 1937. Also owns a park of 15 acres. Does lighting and
power business in addiiion to street railway.
■8TOCK <Sc BONDS—
Date. Interest. Outstand'y
Maturity.
Stock, $600,000
$500,000
Is
is
mtge
$600 000
mtge.,
$buo,uou..
\
j
5g
GQlumloia
500.000
1936
Fin. <fc Tr. Co., Louisville, Trustee.
Road—Operates 91* miles of track. 60-lb. rail. Has about com¬
pleted a modern power plant.
Officers Pres’t, Harry Welssinger; Vice-Pres’t and Gen. Mgr.. 8.
5 Bu*h; Sec. and Treas., L. W. Botts, all of Louisville, Ky.—V. 83,
р.
95.
FLA.
JACKSONVILLE,
ELECTRIC CO -Trolley.
Organization—Incorporated in Florida in 1902, and Is a consolida¬
tion of the Jacksonville Street Ry. Co., the Main Street RR. (To. and
the Jacksonville Electric Light Co.; principal railway franchise ex¬
pires in 19i)C; minor railway franchise expires in 1917; lighting fran¬
chise expires in 1911. Does practically the entire electric railway and
a portion of electric-lighting business of Jacksonville
Maturity
STOCK & Bonds—
Date. Interest. Outstanding Feb.,’07,3%
$800,000
JACKSONVILLE
Common. $800,000. ($100)
Pref. 6% non. cum. $200,- )
F.-A.
с.;
gold ($1,000) C
.
p
«
a
o i? -a.
000, ($100)
S
1st Mortgage $1,250,000 ) 1902
5 g. M-N
’07, 3%
200,000
Feb
834,000
May
1,1927
_
.
,
s Int.at Am. Loan & Trust Co.,Boston.Trustee.
to call as a whole at 105 and interest on any in
A sinkuiy fund of 1% annually of bonds outstanding
commences after May 1, 1907, which may be used either for extensions
and improvements or in the purchase of bonds. The preferred stock is
redeemable at 120.
Dividends.—The first dividend on preferred of 3 per cent was paid
Feb 1, 1903; also 3 p. o. Aug. 1. In 1904, 6 p. e. In 1905, 6 p. o.
In
3 906, 6 p. c.
In 1907, Feb., 3 p. e. First dlv. on common stock (2 p.c.)
was paid Feb. 1, 1905; Aug. 1, 1905 (V. 81, p. 211), 3 p. c.
In 1906,
6 p. c. In 1907, Feb., 3 p. c.
Earnings—For the 12 months ending Dec. 31,1906, gross. $326,468; net.$124,629; fixed charges,$40,703; surplus,$83,926; dividends
$60,000; surplus, $23,926.
Road—Operates 22 25 miles of track and 55 oars. Rails, 40 to
Bonds
are
subject
terest date.
70 lbs
OFFICERS—Pres., Geo. J. Baldwin; Vice-Pres., H. G Bradlee; Treas.,
8eo.. Henry R Hayes; Ass’t Treas., C. H. Byrne; Gen.
Managers and Transfer Agts., Stone A Webster, Boston.-V. 81, p. 211.
A. Stuart Pratt;
JAMESTOWN, N. Y.
interest. Outstanding. Maturity.
$100,000
1st M., $300,0< 0 gold, o* S1883
300,000 Jan. 2, 1913
6gJ J
) Interest payable at Morton Trust Co.. Trus.
$1,000
Bills payable June 30. 3 905
$256,288
Open accounts June 30, 1905
345,654
Earnings -For year ending June 30. 1906, cross, $157,794; net,
$53,498; fixed charges, $33,431; surplus, $20,067.
RoaD—Owns 24-49 miles of track, 55 cars, 2 sweepers.
OFFICERS—Pres.. A. N. Broadhead: Vice Pres., L. B Waruer: Sec. and
Treas., 8. B. Broadhead; Gen. Mgr., G. E. Maltby, all of Jamestown.
$50.
Date,
CHAUTAUQUA TRACTION CO. A trolley road.
Organization- Incorporated in New York on March 7, 1903.
Is
controlled by t*e same interests as the Jamestown 8t. Ry.
STOCK & Bonds—
Date.
Maturity.
interest.
(Jutatand’g.
Stock,$500,000 ($100)..
$500,000
...
1st mortgage.$600,000) 1904
5 g. A O
500.000
1934
c ) Int. at Title Guar. & Trust Co., N.Y., Trustee.
gold ($1,000)
Bonds.—$100,000 are reserved for extensions, etc. No sinking fund
and are not
subieot to call.
Earminqs—For year
ending June 30, 1906, gross, $70,750; net,
$81,593; lixed charges, $10,356; surplus, $21,237
Road.—Operates 21 miles of track from Lakewood, where connec¬
Jamestown $t. Ry., to Mayville, there connect¬
ing with the Pennsylvania RR. Standard gauge; 80-lb. T-rail. An
extension of 8*3 miles to Westileld, to connect with the Lake Shore A
Mich So and the N. Y. Chicago A St. Louis Ry., is proposed.
tion is made with the
OFFICERS.—Pres., A. N. Broadhead;
Treas., 8. B. Broadhead; 8eo’y,
Supt., Austin A. Harvey.
PUBLIC
See statement
Vioe-PreH., Win. Broadhead;
W. R. Reynolds; Man., Geo E. Maltby;
July 1, 1916
Y., Trustee.
Sept. 1,1909
($1,000,000), gold
) Int. at New Eng. Trust Co., Boston, Trust.
K. C. Cable 1st M., ext. in ) 1887 5g. A-O
1,050,000 Apr. 1, 1911
gold, 1897, guar. p. A i., > Int. is payable in N. Y. by Blair, A Co.
ext in 1901; red. at 102^ ) and in Boston by New Eng.,Tr. Co.,Trustee.
^!lU1887 5 A-O
300,000 Apr. 1,1911
1901 1,7 *3) Redeemable at 102^ at any time.
agalifln
Avenue
1st) 1888 5g.J-J10 1,200,000 July 10,1908
c S Central Trust Co., N. Y., Trustee.
St. Ry. con. ( 1895 5g. M-N
4,344.000 May 1,1910
Ry.
Grand
mortgage, gold
Metroplitan
$8,500,000, < Not subject to call before maturity.
c* ( Int. at Old Colony Trust, trustee, Boston.
(1899 5 g M-N
2,000,000 May 1, 1914
mortgage,
gold..
00^K$^OOOurold’
°$2t500
at Colonlal
Truftt C()-» N- Y- trustee.
$2,500,000
t$l,000)gold, <1 Iut>
Bonds
may be called at 105 on any in*?uar
Park Conneo.
Ry.,
p.
guaranteed
E«250ooo
0 (terest day on 30 days’notice.
...
& i. 51898 6
30,000 Feb. 1,1908
( U. 8. A Mexican Tr. Co., Kans. City, Trust.
Rv
)1901 5g.J-J
1899 4 «• J"D
399,000 Dee. 1, 1929
lnt* at Guar- TrUst Co- N* Y ’ Truftte«-
mortg’ge, $2,000,000) 1901 4 g.J-D
1,302,000 Dec. 1, 1931
o* S Int. at Johnstown i rust Co., Trustee.
new mtge. of 1901, $628,000 Is reserved to retire
underlying liens and $60,000 to provide for the floating debt and $10,000 tor extensions. Entire issue may be called at any time at 105 upon
30 days’ notice. See V. 73, p. 1313.
Dividends—In 1894, July 1, 6 p. c.; in 1895, 12 p. c.; 1896, 6 p. c.;
1897, 6 p. 6.; 1898, 6 p. o.; in 1899. 8 p. e.; in 1900 (on new stock) 4 p.
in 1902. none; in >903, 2 p. o.; in 1904, 2 p e.
In 1905. 2 p.c. In
p. c.; Sept. 30, \ p. c.; Deo. 31,
1906, March 31,
p. c.; June :-0,
New
($1,000) gold
Bonds -Of the
p. e.
Earnings —Year ending Dee. 31,1906, gross,
555; interest. $84,369. surplus, $162,186.
Road—Owns and operates about
$446,672; net, $246,
33 miles of track, Including an exten¬
Windber, 11 miles, completed on Jan.
1,1902.
OFFICERS—President. T. C. Du Pout, Wilmington, Del.; Vice-Pres.,
William R. Thomas, Johnstown; Sec.. S. E.Young, Johnstown: Treas.,
Herman Baumen, Johnstown.—V. 72, p. 936: V. 73, p. 662, 1313.
JOLIET,
reserved for underlying liens and $1,875,-
ILL.
registered bonds in deuominarions of $1,000, $10,000 and $50,000.
Thonewbonds are redeemable at 105 and interest on anv interest
date. The Metropolitan St. Ry., the Kansas City Electric Light Co.
and the Central Elec. Ry. in May, 19<*3. made mortgage notes aggre¬
gating $10,500,000, which are deposited as collateral under the new
Kansas City Ry. A Light Co. mortgage; th - share capital aouuiredof
the Kansas Cuy Elec. Light Co. and the Metr »politan Street Ry. has
also beeu so deposited.
The notes or 1904 in table above *re scoured by pledge of $2,000.000 of the company’s bonds and *2,500,000 of its preferred stock.
They are subject to call on and after Dee. 15.1905. at par and Interest.
Of the Metropolitan consolidated mortgage for $8,500,000 enough
were reserved to retire when due the existing bonds of the Corrigan.
Metropolitan, Grand Avenue ami Kansas City (Table Issues described
in the table above, amounting now to $t, 106,000.
The Kansas City
Cable and Summit Street mtgs. fell due April •, 1901, but w.'re ex¬
tended by endorsement for 10 years.
The Kansas City Cable Ry. 5% bonds due in 1911 are guaranteed
prin. and mt. by end by the Metropolitan St. Ry The bonds of the
K. C. A Westport Ry. are guar. prin. and int. by the Kansas Citv Ry. A
Light Co and are subject to call on an> int. date at 105 and int on
90 days notice.
Kansas City Elevated Ry. 1st M. preference 6s are guaranteed,
principal and interest, by endorsement by the Metropolitan Street Ry.;
so are the 2d M. general 4s.
The guaranty on the latter was 3 per cent
,
per annum
until July, 1895 and since then 4 per cent.
June 1,1904, «nd l1* P c. quarterly since then to and including
March. 1907.
REPORT—For year ending May 31, 1906. See report in V. 83. p. 319.
total.
LinM.
Railway.
on
Other income
after taxes, *30,084;
applied in bond redemptions.
PLAINFIELD &
EasningS.—For year ending Oct 21, 1905, gross, $75,076; net,
interest, $20,000; surplus, $10,084
hoaD—Operate 20 miles of track between Joliet and Aurora, thereby
forming a connecting link between Clue. A Joliet Electric and Aurora
Elgin A Chicago. Has long-time contract with Chic. A Joliet for use
Has
of terminals at Joliet and gets its power from that company
similar contraots lor terminals at Aurora. 60-lb. T rail, standard gauge.
OFFICERS—Pres., F. E Fisher; Vice-Pres. and Mgr., H. A.
Stoddard; Treas., L. D. Fisher.—V. 82, p. 334.
Fisher;
For form of
guaranty, see V. 73. p. 1160.
Dividends -First dividend, lx4 per cent on preferred stoek, was paid
AURORA RR.-A
trolley road.
STOCK & Bonds—
Date.
interest Out*tand'g.
Maturity.
....
$400,000
Stock, $4o0,0o0 ($1‘ <>)..
.
.
....
1st mortgage, $400,0o0, ( lu03
Aug. I, 1938
5g F A
400,000
gold ($l.o00).. ....e\fcr S Int at Amer. Tr ASav. Bk.. Chicago. Trust.
Bonds— Are subject to call any inter-st date afrer lOyears at 105and
A sinking fund of 2 p. c. of gross earnings begins Aug. 1. 1909,
int.
but at least $3,0. 0 yearly 1909 to 1929; thereafter $4,000 yearly.
V. 82, p. 334.
*
Secretary, F. E.
July 1.1911
the
PA.
Date. Interest. Outstanding. Maturity
Q-M^i
$2,000,000
See text.
1st mortgage,
$250,000) 1890 6 g. M-S
229,000 Mar., 1, 1910
($1,000) gold
... o* > Int. at Fidelity Trust Co., Phi.a., Trustee.
JOLIET
250,000
ooo)* lInt*
Colonlal TrU8t Co.,N.Y.,Trustee.
'$*,000),
> Wm.at
Huttig of Kansas City is also Trustee.
not guar
o j Nos.f.,butmay becalledatparanyint.date.
Controlled Companies.
Kansas City Elevated Ry.
1st M. pref. ($600,000)
1892 6 g J - J
$600,000 July 1, 1922
g. ($1,000) guar. p. Al.c*
2d M. gen’l ($2,000,000) ) 1892 4gJ-J
2,000,000 July 1,1922
g. ($1,000) guar. p. A i. s
Interest at Manhattan Trust Co., N. Y.
g ld
000 remain in the treasury. These bonds are in. th coupon and regis
tered, the coupon bonds being in denomination of $1,000 and
Organization.—Incorporated in Pennsylvania on May 8. 1882.
sion from Johnstown to
Dec. 15,1907
new
Franchise expires in 1981.
STOCK & Bonds—
Stock, $2,000,000, par $50
c*>
Notes, $3,0i)0,000($5,000).1904
5 * J-D
3,000,000
Underlying Liens.
Corrigan Con. St. Ry. 1st) 1886 5gJ-J
456,000
M. ($1,000) rirn. at 110. s lut. at Central Trust Co., N.
Met. St. Ry. gen. mort. < 1889 5gM-S
1,000,000
Light Co., $10,800,000 are
JOHNSTOWN PASSENGER RY.-A trolley road.
oan^’be Called l
0903 5 g.M-Ni5
1006 5gJ"J
K*500b00Wgofd
r,0°’000 Julr 1.1926
C$1 000;
g°
d’
gUar’
^
Interest at N. Y. Trust Co., N. Y. Trustee.
Bonds.—Of the
$20,000,000 mortgage of the Kansas City Ry. A
“Newark, N. J.”
JOHNSTOWN,
any’Rarest day
and practically ail of the stoek of the Kansas
City Elevated Railway Co., and through the stock of the Kansas Cltv
Electrlo Light Co. it acquired the stock of the Edison Eleotric Light A
Power Co. (of Kansas City), the Consolidated ElectriO;Light A Power
Co., the Standard Electric Light Co. and the Kansas City Electrical
Wire Subway Company—except, of course, in each instance the qnall*
floation shares held by directors.
Controls all the street railway,
eleotrlo-lighting and power business of Kansas City.
Owns entire st *-k of the Kansas City A Westport Belt Ry.. which on
June 16.1906, absorbed the Interurban South 813e Ky., both having
perpetual charters and being organized under the General Railroad
Law of Missouri; also acquired capital stock of the Kansas City
Heating Co., having a franchise which expires in 1935.
Street Railway Franchises.—The franchises of the railway lines in
Kansas City, Mo., in which city the greater part of system is located,
were revised and confirmed in July, 1902,^and franchises granted for
extensions and valuable trackage rights in newly populated portions
of the shopping and delivery districts, all of whioh franchises are op¬
erative to the uniform date of June 1,1925. The railway franchises
in Kansas City, Kan., have recently been renewed and authority given
to build extensions, all for the maximum period for whioh the city
had power to grant the same, namely to Deo. 19, 1922. By the terms
of the franchises the rate of fare is definitely fixed at 5 cents, transfer
privileges are provided, and the taxes practically limited to 8 per oent
of the annual gross receipts.
electric Light franchise.—The franchise of the Kansas City Elec¬
tric Light Co. is perpetual.
Maturity.
Date. Interest. Outstanding.
Stock & Bonds—
$9,635,580
Common, $12,500,060
2. ... .
9,521,800 Mar., ’07,1*4%
Pref. 5%,n.c., $12,500,000
5 Q-M
7,325,000 May 15, 1913
1st lien refund. M., $20,
New York Trust Co., New York. Trustee.
000,000, gold.
.cAr' Int. at Co.’s agency in Kansas City or N. Y.
Electric Railway Co.
_
JERSEY CITY, N. J.
SERVICE CORPORATION.
ami maps under
KANSAS CITY, MO.
& LIGHT COOrganization Incorporated in 1903 in New Jersey, and has ac¬
quired the entire outstanding capital stock of the Metropolitan Street
Railway of Kansas City and the Kansas City Electric Light Co. (Plan
In v. 76, p. 1143.) Through Metropolitan Street Railway stock, the
Kansas City Railway & Light Co. acquired the stock of the Central
KANSAS CITY RAILWAY
.
JAMESTOWN STREET RAIL WAY.-Trolley.
Organization —Incorporated oot. 18,1883. Franchise runs till 1982,
STOCK & Bonos
8tock ($250,000) par
49
STREET RAILWAYS.
Feb., 1907.J
$4,454,2-6
2,329,684
Gross earnings
Operating expenses.
5,810
1,513,606A
8urplus
Ont of the surplus for
dividends (5S) on K*n.
$616,806
$616,806
$702,744
2^0,855
$5,157,030
$435,889
$2,560 491
5,*10
-
-
-
-
130,918
2,596,539
1,644,524
$304/)7l
$304,$921,777
105 was paid In
$476 105
the year ($9^1,777), $476
Cit\ Ry A Light pref. stock and $55,000 was
Revenue passengers carried, 88.296,4^0; transfer
37 8 0,545; total, 126,107,025.
Road. Comprises 233*82 miles of single track.
OFF‘CERS.~ President, Bernard Corrigan ;
passengers carried,
Vice Pres, and Gen. Man.,
and Treas., W. E Kirkpatrick; Auditor and Asst.
Treas., J. A. Harder.—V. 81, p. 5 55,1723; V. 82, p. 1496; V. 83, p.
272,319,14 70.
Chas. N. Blaok; Sec.
50
STREET RAILWAYS.
KANSAS
CITY-WESTERN
RAILWAY.
map on page 54. )
In May lyo5, Fifth: & Robinson and associates purchaped control of
the Kansas Ciry Leavenworth Kailroad, acquiring substantially aU
the bonds and stock Nmne changed to Kansas City-We-tern Railway.
STOCK 6c Bon j>9 —
Date.
lnl.
Oui8iana*g.
Maturity.
Stock, $2,000,000, pa*- $’00
$2,000.00t)
Bonds, $5,000,000 First Re ) 1905 5g. M-3 1.458.000 Sept. 1. 1925
funding (coup , $1,000; r., > Interest at Kigk & Robinson, New York.
$1,000. $5,0C0, $10,000) ) Standard Trast Co., N. Y trustee.
Road—Owns and operates 7 miles of road from Keyport through MatFreneau. An extension of IP miles from South Amboy
through
Keyport and Belford to Red Bank was completed In April, 1904,
of
track.
60
making altogether 25 miles
lb. T and 70 lb. girder rails.
awau to
Nearly all
over private right of way
Officers— Pres., Jas. H Morris,Land Title Bldg., Philadelphia; Seo,
and Treas., W. C Clark, Land Title Building, Phila.—V. 76, p. 1300.
KEY
,
t-tock <£ H“7uIs.
$1,400 000 of bonds were issued to refund like
amount of bonds outstanding of old company, all but $42,000 of which
have been retired; $ 100,000 for general corporate purposes, and ie
mainder. $3.5e0,* oO, to be issued for acquisitions, extensions and im
?rovements. Entire outstanding issue is redeemable
September
1,
Interest.
Stock in
910, or any inteie-t date thereafter, at 105 and
voting trust until May, lyio
Op. ex.
et
vixed
Earning*.
Gross.
Quar. end. June30,1906 $79,779
income, eha • ex. fit rphi*.
$45 717 $34,0G2 $18,750 $15,312
12 nns.
From surplus
serve fund.
153.481
282 290
for fiscal
3 ear,
<£'w.
$30,972
128,804
74,028 54,7-1
aside as a renewal re
was set
Road--Owns and operates 39 33 miles of road, of which about 14
miles are wit'iin tbe city of Leaven wo 1 tli and 25 miles between that
city aril Kansas City, Kan. Enters Kansas City, Mo ov* r tracks or
the Kansas City Vi 1 lu<*t g T-rui
Ry which has recently completed
a viaduct connecting Kansas City, Kan., with Kansas City.
Wo
Mas
.
,
ml entrance into
Street Ry.
sec
Kansas
City
tracks of the Metropolitan
over
Improve VEN^S-—-Since new inanagemen assumed control import¬
improvements to the road and t quit Trent have been completed,
and others are n nv being actively prosecuted. Ne w cars have been
acquired and the old • quipmont overhauled and modernized.
OFFiCt Rs.—1C. F. H lines, President; C
Hutchings. Vi e-Prest.
and General Attorney; 3 »>. Muteuing-, He rotary and Treasurer: J.
W. Richardson. General Soparlntendeut; E L) Mack, Auditor.
Geu
eral office, Leavenworth Kan.
ant
fVoi.. r.xxxiv.
WEST, FLA.
KEY WEST ELECTRIC CO -A trolley road.
Organization—Iucorporaied in N. ,T in 1898 and does entire elect¬
ric light and power business in addition to entire street railway bust
ness of the city: aho owns franchise for manufacture of gas.
Fran¬
chises are for 99 years from 1898.
Iu June, >904, acquired the Key
West Electric Light A Power Co.
V. 78, p. 2334. In June 3 906, was
acquired by Stone A Webster of Rost.on and re-capitallzed as below.
It is proposed to extend and improve the system.
V. 82, p. L496.
Stock 6c Bonds—
interest. Outstanding. Maturity.
Date,
Com
$500,000 (TlOO)
$435,000
1...
Pref. $230,000 ($100),
,
l8t mtge.,
$l’6bo,’66o
(
)
230,000
5 g.F A
1906
450,000
Ang. 1, 1956
s Int at State St
i rti t Co., Bo-don, Trustee.
Hoads— Are subleet to call as a w role at *05 and int. at anytime.
One per cent of bonds outis payable to a si k;nx fund beginning Dec.
1, 1907, if earned; on Dec L 19 2. becomes ouligatory. Pref. slock
is redeemable at par afrer Deo. l;T909.
E A*Ninos— For calendar year 1905, gross, $110,882; net, aft* r taxes,
gold
$34.07-*.
Road—Operates ft miles of track; 60 and ' 5-lb steel rails;
ears.
cupplies about 16,000 16 c. p. tamps and 150 h. p. motors; also 2 0
lamps under city contract.— V. 78. p. 2334 ; V. 82, p. 1496.
.
MISSOURI & KANSAS INTERURBAN
RY.~
To be operated
by Si 1 ang gas .line motor cars.
Organization - Incorporated in Kansas, Has private right of way
except in cities and towns.
STuo 6c Bonds—
Dale.
lute est.
Ontvland'g.
Maturity.
stock. $1,000,000 $11 0
M>
1st mort.. $ 00,000, t
5 g. J .1
$500,000
1908
Jan 1 19t6
g< Id ($l,0i>0i
e < lot. at St. Louis lTnion Trust Co., Trustee.
Bonds Payment of interest for two years fiom Jan 1. 1907, is pro¬
vided for by deposit of $100 for each bond.
I he $100,000 bonds unis
sued is reserved for additional terminals, equi ment. Ac. V >-4, p*39L.
Road - Is to opera e 2o mnes of road from Kansas C*ty. throu .h or
near Rosedale, .**011111 Park, Me- riam and L* nexa, to Olatli* o.
En'erS
Kansas < tty over tiac s ot the Metropolitan St Ry.
70 lb rails
Has
3 mot* r ear-*. 4 passenger -urn lies, 2 freight cars and 1 locomotive.
Of*- ic RS-Pi‘‘s.. A. F. Hunt Jr.; Vice Pres., Alex. Monroe; Sec ami
Treas., Chas. E. N. Coles — V. s4, p 3m.
.
..
KENNETT,
PA.
WEST CHESTER KENNETT & WILMING¬
TON ELECTRIC RY.
Organization — Inco* point* d in Pennsylvania n May 24. 1905, and
is a reorgai ization of atompauyof the same nan e sold underloreclosuie in A pill, 1905.
Outstan’o.
Stock 6c Bonds—
interest.
Date.
Maturity.
-
—
KITTANNING,
Gauge, 5 1L. 2 4* in. 60 and 70 lb. *f and girder ran.
Geo
Kossier
Phila: Vice Pres., Clarence L
Harper; Sec. A Treas., Pliilip E. Guc«es. — V. 80, p. 1060, 1176, 1730.
d
WilmingTon.
Off
ce*S
—
Pr ‘s
,
KENOSTTaT
WIS.
KENOSHA ELECTRIC RY. a trolley road.
In Nov., >P()5, t-ontro
was acquired inuividually by A
C Fiost,
Pr sident of the Chicago A Milwa kee Elec. Ry.
V. 81, p 1492.
Orqaniza’ ion.—Franchise Is for fifty y ars from June 2, 1902
Stock v Bonds Dite.
Inter-at. (mtsta-tcl*«.
Maturity.
Stock, $150 000. $100
$150,000
Ibi mtge.. $200,000
000
>
1903
5g. M N
150
May 1, 1923
gold ($1,000)
c‘s Inf at Northern Tr. Co., Chicago Irnstee
Bonds— Are subject to call alter May 1. 1908, at lo5 and interest.
See V. 78, p 2012.
Earnings.—For twelve months ending July 1,1906, gr »ss, $51,
...
660; net after taxes. $30.110.
Rtad—Operates 4*1 miles of track in
trolley road.
Organisation
,
A. C. Frost: Vtce-Pres., G. A. Ramsay
1492.
;
Sec’y. P*
KEOKUK ELECTRIC RY. & POWER CO--A
.
..
KEY PORT.
.
N. J.
JERSEY CENTRAL TRACTION CO.-Trolley
Organization—This was formerly kiiovsu as the Keyport A Matta
Street RR., a horse line, but has been operated as an electric rail
way since July, 1901. and name changed as above on Oct. 4. 1**01
Company aiso owns 465 of the 500 shares of stock ami ali of the
bonds of the Middlesex A Monmouth Electric Light, Heat A Power Co.,
which furnishes light to Keyport, Mata wan and South Amboy.
Date.
Out stand' g.
Interest.
Stock 6c «ondsMaturity
Btock,$l .cCO.OOO
$1,000 000
l'Ol
1st mtge.,
$750 009,
5g.M-V
"f 0,000
Nov. 1,1931
Inr. at Colonial Trust Co., Phila., Trustee.
gold ($500 «fe $1,000)
5 ✓ J !>
1904
Gen. mtg $1,500,000 S
415.000
Dec 1. 1954
gold ($1,000)
c*)Int at Fidelity Trust Co., Newark. Trustee
wan
,
,
Bonds - Of the $1,500.* 00 new bonds, $750,000 are reserved to re
tire 1 lie first 5s
The new bonds are subject to call at any time aftei
Dec. 1, 1914, at 105 andtnt.
on
May 26, 1905,
Kittanning
Mosgrove St
Ky. Franchise is lor 99 y* ars.
Date.
lute. eat.
Out stand* g
Stock 6c Bonds—
Maturity.
Stock,
00 $50...
$500,000
1st mort. $750,000 gold A
1904
5 g. J-J
27,500
1934
($1,000)
«? int at Union Trust Go., Pittsb .Trustee.
Loans payable June 30 1906
$I-9,0s9
bonds —$27,5oo are res rved to retire a like amount of bonis of the
Kit. <fe Ford Ci»y
Ne v houds are subject to call after 5 years at 105.
t arninus
(<f the Kittaning & Leechburg Rndtcay for fiscal year
ending June 30. 1906 gross, $59,000. net. $29,362.
ROAD
Operates 11 mites of track between K'Danning and Ford
City
Standard gauge,7o-lb rails. An extension to Mosgrove. 4 miles,
is linger construction.
An ex ei sion of 16 miles 10 Leechburg Is pro¬
posed
Officers—Prest. and Mgr, F. A Moes a; 8ec. and Treas., Jas.
at
..
..
.....
McCullough Jr.
KNOXVILLE. TENN.
KNOXVILLE RAILWAY & LIGHT CO Organization—Incorporated In Tennessee In Sept., 1905, as a
solidatiou of v
I A.
trolley road.
Organization —Incorporated as a consolidation
of the street
railway and electric light interests in Keokuk
Also operates tele
phone, electric light, power, gas and steam-heating plants.
Interest.
Stock 6c Bonds—
Date.
Out stand' g.
Maturity
Stock, $4<>0,0"0
$100,000
1st
mtge
$250,000 S
1900
5 g. J.-J.
See text
240,000
($500), gold.
t Int. at Royal Trust Co
Chicago, Trustee
hands- Of the $\50,0» 0 gold 5s, $12,5.000 are due Julv/l, 1925, the
remaining $12 >.000 mature in annual instalments varying from
$5,000 to $9,000 yearly on July 1 from 1907 to 1924, inclusive. Are re¬
deemable at option of eo. at 105 and int. after 1905 See V. 71, p. 182
ROAD-—Owns amt operates 8 miles of track and has contract with
city for supplying 154 arc street lights at $60 per light per annum tor
5 years fro u Ma
10. 1901.
Officers - Pres. and Man.. A. D. Ayres; Sec. & Treas., Geo. E. C.
Johnson —V. 71, p. 182 ; V. 93 p 687.
..
Incorporated In t'ennsylvania
Kenosha and to North and
G. Boa h; Treas., A. A. Davison.—V. 81, p
KEOKUK,
—
RYS.CO -A
and is a consolidation of the Kittaning& Leechburg Ry.,the Kittanning
& Ford City 8t. Rv., the West Kiftanning 8t. Ry. and the
South Kenosha.
OFFICFRS.—Pres
PA.
KITTANNING & LEECHBURG
....
ai
Y,
N
..
]...
$525,000
75.000
420.000
June 1,1935
1°05
5g.J-D.
gold($500A'$l ,() »()/<• ( In*, at lute r. T I Tr. to. S I). Co., Phila.. Tr.
Ri AD—Abou* 18 ml'es of track between West Chester, Kennett Sq.
Common. t925,OO0
Pref .$75,000
1st n tge.. $1,009 oort./
KINGSTON,
KINGSTON CONSOLIDATED RROhganization—This is a consolidation on Dec 11,1901, of the Kings¬
ton <’ity Railroad and the Colonial City Traction.
Stock 6c Bonds—
Date. Interest, ouisiand’g
Maturity.
Commou,$200,000 ($100)
$200 000
Pref. 4% cum., $200,000
200,000
1 905 6 4%.
1st Con. M $700,0001
1901
5g. J-J
534.000
Jan 1, 1952
($1,000) g
c* i Tnt. at Manhattan Tr. Co., N. Y., Trustee
Kin<jst’>n t>ily HR.—
1st M.. $500 each
1879
7 J
J
June 12, 1909
15,000
Cons., $150,000, ($1,000) ( 1893
5 M - S
135.000
March 1, 1923
Not sub. to call bef’e mat. t Interest at Farmers’-Loan dzTruwtCo., N Y
Debentures $10,000
1890
5 J D
June 1.1910
10,000
Bond and raongage
5qnar.
6.000
On demand
Bonds
$166,000 of the new $700.OOOcon. mortgage is reserved to
retire the Kingston City RR. underlying liens.
Road—Embraces 12 miles of track. Rails 70 lb. and 80 lb 40 cars,
3 snow plo s.
Re ' rt For year ending June 30. 1906: Gross, $131 143
net,
$5^.397; interest and taxes. $39 6'>0; dlvs., $4,00-'; surplus, $8,797
Officers—Pr**st, Charles M. Preston, .7 William Sr., N. Y. City:
V Prest’s, C. G. R
I, Kingston, an-' A. M Day. New York; Hec Aug. J.
Phillips, Kingston; Treas., Abm. Hashrouck, New York; Gen. Man.. C
Gordon Reel Kingston; Supt., G. R. te Bow, Kingston.—V. 73,
p. 1160.
con
Knoxville Traction Co. and t*'« Knoxville Electric
Light a » ower Co Also con’rols the Knoxville Park Association, own¬
ing two amusemeut parks. Franchise is perpetual.
e
Stock 6c Bonds-
Date.
Comm *n. $1,50*».000 $10)
Pref ,6% cum $500,000, .$100
Co isel. mor
$ >,00J,UOO. (
,
Interest.
..
.
.
1905
6 J-J
5
•
HUstan<Vg.
Maturity.
$1,491,900
500,000 Jan.’07,3%
M S 2,582,000 Sep. 1, 1945
gold ($1,000)
c* \ Standard Trust Co
New Yora, Trus ee
K IVnlstM.oi ’OR $850,000 > 189s
5g.AAO
850.000
Apr. 1,’38
gold, tax free ($1 OoO)
) int. at Bait, Tr. & G11. Co.. Balt, True.
Bonds—Of tin- $3,000,000 consols, $850,000 are reserved to retire
prior liens
They are redeemable on or arter Se t. 1, 1910, at 107>3
and int. The Knoxville Tract.Co. 1st uitg. will have sinking fund of
$10,000 yearly after stock pays 5 percent dividend, but will not be
subject to call
Dividends—six r er cent per annum is paid on preferred stock.
Earnings— For caienda*- year-:
.
g.
,
Ve ’r
1906
1905
1904
Act,
Gross.
$505,341
394,0 6
/
n
fter
xes
$234 905
144.715
3 9,442
135.969
Road—Owns about 40 miles of trolley road.
Fixed
Oh -ryes.
Eurxtlus.
$152.09t
$62,111
79,228
T0.500
65,517
75,469
Officers—Pres., C. H Harvey.: Vice Pres., W. S. Shields; Seo.. l^eon
Treas and Auditor. H. T Bunn; Supt.. P. E. Mitohel —V.
81,
p. 1014, 166 >; V. 82, p. 49, 628, 1418; V. 83, p. 33.
Fender:
KOKOMO, IND.
KOKOMO.
MARION
& WESTERN
TION CO.—A trolley road.
TRAC-
Organization —Incorporated in Tndiana in Feb., 1903, under gen¬
eral railroad laws as successor to the Kokomo Converse tfc Marion
Traction Co.
In April, 1903. acquired by purchase the entire
capital
stock of the Kokomo Ry. <fc Light Co., which was
merged in Jan.,
1904.
owns lighting plant in Kokomo; also
private right of way.
Franchises run 50 years.
Feb
,
STOCK & B >nOs—
Dae. Interest. Outstanding.
.Maturity.
Common.$1,000.000($100)
$1,000,000
Pref., $100,000 ($100;
100,000
1st mortice., $1,000,000, > 1903 5 g. J -J.
750,000 July 1, 1933
void ($500 & $i,« OO.o&r > Int at Security Trust Co , ind.. Trustee
Kokomo Ry. & L’t 1st M.,) 1903 5g. J.-J.
250,000 Jan. 1, 1933
$350.000,g. ($1,000).cAr s Int. at Seourlty Trust Co., Ind., Trustee.
Bonds.—$250,000 are reserved to retire a like amount of bonds of
the Kokomo Railway A Light Co.; the remaining $100,000 under this
latter mtge has been canceled.
Bonds are subject to call at 105. See
V. 76, p. 1143; V. 77, p. 451. The Kokomo Ry. A Light bonds can oe
called in 1908 at 105 and are guaranteed, p. and i.,by Kokomo Marion
A West.
$122,-
LATEST Earninqs—For 9 mos. ending Sept. 30. 1906, gross,
939; net, $59,930: interest,$37,500; surplus, $22,430.
Report.—For calendar year 1906: Total gross (including both Rr.
and Lighting), $16S,872; net. $'0,974.
Road—Operates 40 miles of track in Kokomo and from Kokomo to
Marion.
Is connecting link berween the Northern Traction Co. and tue
Union Traction Co. of Indiana. Standard gauge. 70 1b Trail.
Officer- —Pre«.. Geo. J M*rott; Vle^-Prca., L. J. Klrkimt»’1ek; See..
McReynoids.—V. el, p. 155; V. b3,p. 1098.
Treas. and Gen’l M..r.,T.O.
(1)LANCSTER
H.
LACONIA, N.
.
acquired control of the La onia Klee. Ltg. Co.
solidate the two in the near future.
It is proposed to con¬
Organization—Formerly the Laconia & Lakeport 8t. Ry., but name
changed to above in 1894.
Stock, Etc. Dale. Interest. Outsland'g.
Last Div.
Common. $lO0.O"On mar $50)
$100,000
Pref. 6% cum.. $40.000
40,000
...
$) 1809
5M-N
i„t at Am. Loan
mortgage $•
$uil .uuu
oo<>
1st mortgage,
'
OO.OoO
May 1, 1919
Co.. Boston.
& Tr
May 1. 1919
since.
Road—Owns 9 miles of track, having in 1H99 been extended
Weirs. 4 miles, and tiie entire svstem equipped with electrioity. In
1904
paid 5.
e.;
5
40.000
1894-95 paid 4
in
p
o ; none
was changed to standard gauge.
Earnings—Foi gears ending June 30:
1903 road
Gross
Net
1906.
1905.
$3<>.493
$26.*61
9.559
4.075
LA
Interest
Bal. for vear...
CROSSE,
.
1905.
$9,414
1893
8ee below6g. J
$*.091
WIS.
J
$242,000 f. p.
{
X9£6>
taxes, $30,792.
Road—Owns 13.40 miles in city of Lacrosse.
OFFICERS—Pres., B. E. Edwards; Vioe-Pres.. w w. Cargill; 8ec.,
Whelpley; Supt., 8. B. Livermore.
H. E. West; Treas., R. C.
LANCASTER, PA.
LANCASTER COUNTY RY. & LIGHT—
In .Tan., 19<>7, control was acquired by Bertron, Stirrs AGriscom of
New York.
V. 8-G p. 271.
1t» February ly07 the Susquehanna Ky.
L’t and Power ”0
was organized with $20,000,000 stock, to co isolldate this and otln r street railway and electric properties. See V. 84,
p. 392.
Organization—Incorporated in 1901 in New Jersey. Has pur¬
chased the stocks of the Conestoga Traction (com. and pref.,) the Lan¬
.
caster Gas Light A Fuel Co., the Edison Electric Ilium. Co., and the
Columbia Electrio Light A Power Co. of Columbia. Pa., (the latter has
no bonds) and these stoeks are placed under the new mortgage of 1901.
Franchises are j erpetual.
STOCK & Bonds—
Stock.com. ($50), $1,000,000
do pf.i$50)5% oil. 1,000,000
Date. Interest.
Oulstand'g.
Maturity.
$1,000,000
|l,000,00 ’ Ang*06,?1fl%
Mort., $1,000,000 g., $50o, )
1,000,000 July 1,1951
1901 5 g. J-J
$1,000
c s Interest at Lancaster Tr. Co., trustee.
1..
Securities of lines controlled.
1900 4
J-J 1,277,500
Conestoga Tract, 1st rnort
Lancaster City RR.,1st M.g o* < 1890 5g. A-O
160,000
\ Metropolitan Trust Co., N.
($100 and $500)
W. E. St. Ry. 1st M., $225,000 } 1891 5
M-N
225.000
$100, $500 and $1,000 ..0* \ Metropolitan Trust Co., N.
Lancaster A Columbia stock..
1st mortgage
Col. El. L’t H. A P. M
Edison Elect. Ilium. Co. rnort
Do
do
rnort
Lan. Gas Light A Fuel,
rnort
1893
5
1905
5
5
5
A-O
Jan.1,1950
Apr. 1,1920
Y .Trustee.
Mayl,1921
Y., Trustee.
125,000 May 1,1935
49,700 July 1,1922
MECHANICS BURG A NEW HOLLAND RY^
trolley road.
Organization—Incorporated May 16, 1899. Runs from L
to New Holland, with an extension to Ephrata, 20 62 miles.
A ADAMSTOWN RY.—A trolley road.
ORGANIZATION —This company was incorporated with $225,000
capital stook on Sept. 17,1901. Owns road from Ephrata to Adams¬
town, 8 miles, which was leased In 1903 to the Conestoga Traction Co.
for a rental of 6 per cent on the stook. No funded debt.
(3)
LANCASTER A ROCKY SPRINGS RY\—
Organization.
bonds.
Leased to
Operates 4*2 miles of track. Stock, $200,000
No
Conestoga Trao. Co. for 999 years at 6 p. o.on stock.
HOLLAND BLUE BALL A TERRE HILL ST. RY.—
Organization—Operates a line from Blue Ball to Terre Hill. Is
leased to the Conest ga Traction Co. for 999 years at 5 p. o. on its
$120.iM»0 capital stoc k.
A EASTERN RY.—
Traction Co. at 6 p. o. on stock.
LANSDALE, PA.
MONTGOMERY TRACTION CO -A. trolley road.
Organization Incorporated in Pennsylvania on July 6. 19^5. as
successor under foreclosure of the Lansdale A Norristown Electric Ry.
STOCK & Bonds—
Date.
Interest.
Outstanding,
Maturity.
Stock, $250,00 » ($50)
$250.o 0
1st rnortg’e
$250 000
nom
«I 'T
V
1V1
($L.OOO), ’irnM0,(
gold
...o )!
25 .000
July ^5. *35
Int. at E. P. Wilbur Tr. Co , South Bethlehem,
A
Pa
Tnwtee.
subjeot to call before 1908 at 102W; th-reafter at 105.
Earnings—For year ending June 30, 1906, Gross. $37.6^9.
Road operates 1« miles of track trorn Lansdale to Norristown,
gauge, 5 ft. 2*2 in. 70 and 8 >-lb T iail.
OFFICERS— r«s W. O. Has; Sec’y. G. A. Reed.—V. 81, p. 508.
Bonds
^
are
LANSING, MICH.
MICHIGAN UNITED R YS -A trolley road.
Organization - incorporated in Michigan on March 31, 1906. and
on Mav 1. 1906, took over the Michigan Traction Co., the Michigan
Traction Extension Co the Jaeks< n A Hattie Creek Traction Co., and
the Lan-ing A Suburban T« action Co., and owns all the capital stook
of the Landing A Jacksou Ry Co.
STOCK & Bond*-—
Date..
Interest. Outstanding.
Matu ity.
Com.. $4,000 000. $100,
$4,090,000
Pref., $1,000,000 6% >
r nnr> non
cum.,
\
$100
1,000.000
,
$7.500 000.? 1906
5 g. M-N
1,600 000 May 1. 19?6
gold ($1,090;,
r
(Int. at Knickerbocker Tr. Co., N Y., Tin ope.
Mi'-h, Trap. 1st -rnort. / 1101
5 g. J-J
700,000
Jan. 1.192 L
$700,' 00. ($1 000)g c* s
Interest at N. Y. Tru-t Co , Trustee.
Mich
Pr Ext. 1st M., > 1903
500,000 Deo. 1,1923
5 g J.-D,
$500,000 ($1,000) g.o. s Int. at Knickerbocker Tr. Co., N. Y., Trustee,
Jack A H.C. 1st moit., i 1903
5 g. J-J
1.200.000 Jan.1,1923
*1,200,000 ($1,000). > Int. at Cit. Savings A Tr. Co., Cleve., True., or
gold
c* j
at First National Bank, New York
Lan. A Jack, lstmort., > 1905
5 g MN
300,000 Mav 1,1930
$1,000,010(il,000)g.o* S lut. at Knickecbooker Tr. Co ,N. Y., Trustee
B nds—Of the $7,500,000 new bonds, $2,400,000 are reserved for
prior liens, $1,0( 0,000 to retire the Lansing A Ja kson Ry bonds
when road is completed and earnings are 1
times Interest charges.
$500,000 for power and $2 OOO.oOo for extensions at #2<»,oo0 per
mile
Are subject to call after May 1, 1916, at 110.
V. H2, p. 1 157.
On the Mich. Trac. Co. bonos. a sinking fund of 5% of gross earnings
commenced in 1903, to be used in buying bonds at not to exceed 110;
otherwise to be invested in other standard securities.
V. 72, p. 391,
$44,000 of bonds now held in sinking fund.
On the Lans & Jaok. Ry bonds, a sinking fund begins Jan 1,1910,
1st mtge..
to which 1 p. c. of bonds authorized is payable annually lh« tlr^t live
years, 2 p. o per annum the next ft years and 2^ p. c. annually
thereafter. Bonds are not subject to call.
The Ja<-kson A battle
Creek bonds are subject to call in any amount after 10 years at 105
and int.
V.75, p. 1147.
Earnings—For year ending April 30. 1906. gress, $6 »9,872; net,
$273,990; fixed charges, $200 000; surplus. $73,096.
Road—Operates all city lines in Kalamazoo, Battle Creek and,
Lansing and interurban lines from Lansing to st. jouiis, Jackson to
Battle Creek and Battle Creek to Kslauiazoo; iota],^fcafl^l£d. 155
miles
Is building an extension, 37 >« miles, from Lajj
of which 12
uiles have been
completed.
completed dur ing 1907.
OFFiCfcRS—Pres., Myron W. Mills,
Kemaind^
Marysx^d
Jas. R. El iott; Sec., Roht. Moriison- Tree^
J. M. dramlette. V. 82, p. 805, 987, 1 \b7.A
37.500 20% annually
225,000 Apr. 1, 1923
250,300 Jan. 1,1925
70,500 Dec. 1, 1911
6
Do
~
do
rnort
5
229.500 Jan. 1, 1925
do
Do
rnort. 1906 5
100,000 Jan. 1,1936
Dividends The first dividend on the preferred stock (3 p. o.) was
paid on July 1, 1904, and 3 p. o. was again paid on <>ct. 1, 1904.
19'5, Jan., 3 jj. o. (See V. 79, p. 2796); July 3 p. 0.; Deo., 4^ p.c. In
1906, March. 4 p. c.: Aug. 2n» p. o
Report—Receipts for fiscal year ending June 30.1906, were: Gross
income, $235,495; net after general expenses, $224,794; Interest and
taxes. $56,300; surplus, $l6a,494.
Road—In Oct, t 06 the Coneptoga Traction Co. (the operating
comparn) leased 143 10 mile* of track, including the Lancaster City
Street Ry., 13 55 miles; Lancaster A Columbia, 9 16 miles; Lancaster
A Lttitz, 10' 10 miles; Columbia A Ironville, 3 59 miles; Columbia
A Donegal, 5 67 miles: Lancaster Vfeehanlcsburg A New Holland,
20*62 miles; the New Holland Blue Ball and Terre Hill St. Ry., 5
miles; the Rolirerstown Landisvilla A Mt. Jay Ry., 10 miles; the
Lancaster A Eastern Ky., 17 miles; the Lancaster A Quarry ville* St
Rv., 8*75 mih-8: Lancast-r A Millersville Ry., 3 57 miles; Lancaster
Willow Street Lampeter A Strashurg Ry.. 11*2 miles; the Lancaster A
Manheim Ry., 8 miles; the Ephrata A Adamstown, 8 miles, and the
Lancaster A Rocky Springs, 4*2 miles. The latter four completed and
leased for 999 years at a rental of 6 peroent on stock.
INDEX-V. 79, p. 50l, 1330, 2796; V. 84, p. 271, 390.
A
A
,
Jan. 1.1918
136,000
gold, $1,000
s
Subject to call J an. 1,1903.
Interest at Northern Trust Co., Chicago, Ill.. Trustee.
• iv id ends—For
1892, 7 p. o.; 1893, none; 1894, 7 p o.; 1898, 7 p. o.*
1899, 7 p. o.; 1900, 5 p. o.: 1901.6 p.c., 1902, 7 p. 0.; 1903,7 p. o.;
1904, 7 p. c.; 1905, 8 p. o.: 1906, 8 p. c.
Earnings—For calendar year 1906, gross, $115,459; net, after
taxes and interest, $27,085. In 1905, gross, $105,853; net, after
-
No bonds.
Organization.- Own-* an eleotrio road of 10 miles from Lancaster
through Landisville, Sahinga, Mt. Joy and Florin. Is leased for 999
years to the Conestoga Traction at rental of 6 p.c. on its $400,000
stock. No funded debt. V. 73, p. 236.
<
145 def.2,016
LACROSSE CITY RAIL WayOrganization—Chartered Nov. 17, 1885. Franchise runs till 1938.
STOCK dc BONDS—
Date.
Kate.
Outsland'g.
Last div.,etc.
mortV,’$175,606,')
8tock is not owned by lessee.
stock, $300,000.
,
1906.
Opeioers—Pres , K. T,. Pierce, Leominster, Mass.; Treas , Edwin
P. Hadley, Leominster, Mass.; Hmo’v and Gen. Mgr., L. E. Pierce.
rr \
8t$100$.2^2,(>O0.):
1st
(54)LNAEWCSTER
for a rental of 8MT.
I to Conestoga Traction Co.LANDI8VILLE
per cent
on stock. Capital
JOY RY.—Trolley.
Organization —Operates t7 miles of track from Lancaster to Chris¬
tiana
Cai itai, $430,000. Was leased on June 1, 1906, to Conestoga
LACONIA STREET RAILWAY —
In Nov
906. control changed hands, and the new interests also
2nd mu e.. $40,000
Dividends—In L893-94
((23))REOPHHRREARTSTOWN
51
STREET RAILWAYS
1907. |
LEWIS'S
LEWISTON
BRUNi
A trolley road.
In March, 1906. control
tended to consolidate witl
Organization—Organt
Topsham Ry.. 38» miles;
Owns all the stocj
RR.
Stock & Bonds—
Stock, $638,3<>0; par
1st
rnort.,
$1,000,Of'
Underlying sei
Bath Street R;
1st mort.t
$l,000i
Lewistorj
Oftl
In truj
Rot
Lew,
c^
STRE T
RAILWYS.
!VoL-
LX™.
Outstanding. Maturity.
$150,000
1906,5%
1st M gold ($500 and > 1899
5 g. J-J
150,000 June 1,1919
$1,000)$ 150,000.c&r s Int. at Union Trust Co., Phila., Trustee.
2d M., gold ($50 > and > 1902
5 g. M-N
125,000 May 1,1917
$l,000)$125,000.o<fcr \ Int. at Commonw’lth Tr. Co., Harrisburg, True.
Interest.
Date.
Bonds
STOCK &
Stock, $150,000. $50
,
Ponds—Tlie firsts are not subject to call, but tlie seoonds jpan
called at par after 3 years.
D'vidends-In 1902, 5 p. o.; 1903, 5 p. c.; 1904, 5 p. o.; 1905, 5 p.
be
o.;
1906, 5 p. o.
Earnings—For fiscal years ending June 30:
Net
Fixed charges. Dividends. Surplus.
Year.
Gross.
$58,061
$116,172
1906
$35,186
$7,500
$15,375
78,193
41,157
15,254
7,500
18,403
1904
72,860
29,424
11,598
7,500
10,326
ROAD—Operates 9*s miles of track from Lewistown to Reedsville and
Lewistown .Junction, with a branch to Burnham. 60 and 70 lb. T and
70-lb. girder rail.
Officers-Pres, and Man., T. I. Quigley; Vice-Pres., A. B. Spanogle;
Seo., E. R. Sponslor; Treas., William Irvin; Sup’t, C. E. Gossard.
1905
LEXINGTON, KY.
RAILWAYS
LEXINGTON & INTERURBAN
CO
Organization—Incorporated in New Jersey on Deo. 5,
1905, and
acquired $799,925 of the $800,000 stock of the Lexington Ry. Co.,
the entire stock (*225,000) and bonds ($88,000) of the Frankfort &
Versailles Iractiou Co., the entire stock of the Blue Grass Traction Co.,
the entire $125,000 common sto<-k of the Central Kentucky Traction
Co., aud the entire preferred stock and bonds of the latter company.
Does the entire electric light, gas, street railway and ice business
Street railway franchises in Lexington, Georgetown
of Lextngtou
and Paris and for tnterurban lines are perpetual; in Frankfort, ex¬
pires in June, 1923
Electric light and power franchise in Lexing¬
expires m Aug., 1916.
Stock <& Bonds—
Common, $2,(100,000 ($50)
Pref $1,000,000 ($50), see )
ton
Date.
Interest. Outstand'g
$2,000,000
..........
j
..
_
$6,0U0,U00 > 1906 5g. F-A
1,311,000 Feb. 1,1956
gold ($1,000) .. ..
e Gut. at Guar. Tr. <fe S D Co., Phila., Trus.
Passenger & Belt, lstM.,> 1891
6g. A-O
123,000
See text
$200,000, ($1,000)
) Int. at Amer.Tr. & SawBk., Chicago, trus.
Lex. Ry. Nevs M.,$1,500,000 ) 1899
5g. J-D
1,312.000 June l. 1949
g. ($1,000)
c* s Continental Trust Co., Baltimore, trustee.
BL Grass 1 stM.,*700,000, > 1904
5g.M. S
415,000 Mar.l, 1934
g. ($500 and $l,000)..c<fer slut at Cleveland Trust Co., Cleve.,trustee.
Geo. <fe Lex. 1st mtge.,) 1901 5 g.M AN. 15
200,000 Nov. 15,1921
$250,000, gold
($lo0, > Int. at Oiucin. Tr. Co., Trus., aud atStand$500 and $1,000)
»\tr> ard Trust Co., N. Y.
5g.J-D
109,000 Deo. 1. 1925
Cent. Ken. 1st M $100,-> 19<>5
000 gold ($1,000)
s Int. at Sec. Tr &S.V. Co., Lexington.Trus.
.
,
and is
stock—The pref. stock is 8 p c., cum. from Jan. 1, 1908,
redeemable after 1910 at $60 per share, and is convertible into com¬
mon stock.
Bee V’. 84, p. 220.
Bonds.
Of the new $6,000,000 bonds, sullioient are reserved to
retire the bonds of the Blue Grass Traction Co., the Georgetown
<fe
the Central
Kentucky Traction * orapany and
reserved
for betterments and acquisitions. A
of bonds out is operative from 1916 to 1926;
sinking fund of t-2 p
thereafter 1 p. <:.; said fund to be invested in the bonds at not higher
than 110 a d int.
A sinking fund on the Lexington Ry. bonds will re¬
and
remainder
are
The Pass. <fe Belt Ry.
tire 1% of the,''bonds annually at 110 and int.
bonds mature $15,000 annually, beginning April
1, 190*.
ending D e. 31, 1906, gross, $488,547;
Earnings.—For year
net,
$183,098; rixed charge-*, $176,778; surplus, $6,32o.
Road.-Operates Lexington city liurs, 16 miles; Frankfort city lines,
8 miles; line from Lcxingt oi to Georgetown, 12 miles; line from Lex¬
ington to Paris, 18 miles; and a line from Lexington to Versailles, 13
miles. Total tra k operated, 67 miles.
Rails, 45 to so lbs. Owns 25
closed and 33 open cars 9 interurban passenger and 2 express cars,
and lias 42 double motor and 11 quadruple motor equipments.
OFFICERS—Pres., J Levering Jones, Philadelphia: Vice-Pres., Louis
Des Cornets. Lexington: Sec . Henrv Rainey, Pl ila.; Treas., H. C. Delany, Philadelphia—V 81, p
1723; V. 82, p. 1380; V. 84. p. 220.
limXohio.
TOLEDO TRACTION CO.
ORuan zai i >n—Organized in March i9<>5 and leases the Lima Elec¬
tric Ry. A Lt. Co, and the Ft. Wayne Van Wert A Lima Traction Co.
For statement of this company see “ Ft. Wayne.”
Stock & Bonds—
Date. Interest. Outstanding. Maturity.
LIMA &
t
$2,000,000
....
Pref., $1,000,000 5% n. o ...
1,000,000
1st mortgage, $1.500,000,)
1905 5 g. J-J
1.500,000 Julyl,*80
gold.
s Fidelity Trust Co., Phila., Trustee.
Common, $2,000,000
f. and bonds are not
subject to call
Bonds- No
s.
Earnings
For 11 months ending
Nov. 30. 1906 (including Fort
Wayne Van Wert A Lima Trac.), gross, $380,144; net, $147,191, inter¬
est, $1'5,579; surplus, $31,612.
Road—Has under construction a line from Lima to Toledo, which
is completed and in operation to Leipsic. 18 miles.
Also leases the
Lima Elee Ry. A Lt., 12 miles, and the Ft. Wayne Van Wert A Lima
Trac. Co., 60 miles.
Officers—Pres., W. Kesley Schoepf; Vice Pres’s., D. G. Edwards
and Norman McD. Crawford; Sec. ATrea«., F. A. Deverell; Asst Sec
A Treas., W. A
Draper: Auditor, M. W. Glover, all of Cincinnati.—V.
82, p. 692; V. 84, p. 339. -
(1) LIMA ELECTRIC RAILWAY A LIGHT—A trolley road.
Organization—The company is a consolidation completed Aug. 1,
1900, of the Lima Ry. (incorporated Nov 5, 1896,) and the Lima
Electric Light A Power Co., the only companies engaged in these lines
in Lima.
Of the stock, $350,000 is in the company’s treasury. Capital
stock was increased in Bept, 1905, from $85 >,000 to $1,250,000.
V.
81. p. 1100.
Date.
STOCK cfe Bonds—
Stock, $1,250,000 (par $100)
Interest. Outstand'g.
Maturity.
$500,000
TWRv
mnrt
*<200 (1896 5
J-D
1*0,000 Deo. 1, 1916
/attain,
< Int at Dime 8av. & Bkg. Co., Heveland,
000, gold, ($500).....
c ^ trustee; also at Fourth Nat Bk., N. Y.
Lima Elect. 14. A Pow. g> 1900 5 g. J-I)
60,000 June 1,1917
1st M., $85,000 ($l,000)c* s Int. at Cleve. Trust Co., Cleve., Trustee.
11
I
Fleer
Rv
lstcon.
m
A It
gold
1900 5
J-J
260,000 July 1, 1916
Tnt* at Cleve. Tr. Co., Cl< ve.. Trustee, or
standard Trust Co. New York.
2nd Consol. Mtge.r $$850,- S 1902 5 g. A-O
350,000 April 1, 1925
000 g. ($1,000)0’'
> Int. at Fidelity Trust Co.. Buffalo. Trus
Bonds—Of the first eon. mortgage gold 5s $240,000 are reserved to
retire the two above prior liens. The Lima Ry. bonds may be called In
1907 at par, on 4 weeks notice, and the Lima Elect. Lt. A Power bonds
may be called on any interest day on 30 days notice. Of the $850,000
2d oo nsols, $500,000 are reserved to retire a like amountof first consols.
These bonds are a lien on the electrio light and heating plant, as well
as on the railway.
Cannot be called before maturity, ne* V. 75, p.79.
Road—Owns 12 miles of track, also a steam-heating plant (franchise
perpetual), operated In connection with the electric-lighting plant.
Earnings For calendar year 1905. gross, $236,773; net, $94,459;
fixed charge^, $45,068; surplus, $49,391.
M.$500,000($500)
5
)
WESTERN OHIO RY —A trolley system of standard
entirely on private right or way.
Organization—Incorporated in Onto on Oct. 11,1900. This Is one
of the Pomeroy-Mandelbaum roads and Is to form a link in the through
oar service from Toledo to Cincinnati.
Owns entire common stock of
the Lima Findlay A Toledo Ry. In Aug , 1906, issued $400,000 new
pref. stook in exchange for the $400,000 pref. stock of that company.
V. 83. p. 97, 157, 381.
STOCK & Bonds—
Date.
Interest. Outstanding.
Maturity.
Com., $3.009,000($100)
$3,000,000
Pref.,6*,cum.,$400,000
400,000
1st M. *3,009.000 gold ( 1901
5 g. M-N
2,453,000
Nov. 1, 1921
($1,000) $26,500 per < Int. at Cit. Savings A Trust Co., Cleveland,
M
*of Trustee, or First National Bank, New York.
gauge
T
f
jfr t
( 1905
*nnn
1 of mtg
July 1, 1925
400,000
5g. J-J
S nc> ... S Interest at Citizens’ Baviugs A Trust Co.,
gold 7*i
(*i,ooo
( Cleveland. Trustee, or in New York.
Bonds—The West Ohio bonds have no sinking fund and bonds are
non'
uuo,
76, p. 160 for agreement among bond¬
nuking fund of $10,000
beginning in 1£91. Are subject to call at 105. V. 80, p. 2344.
ROAD—Ltuua via Wapakoneta to Fiqua; Wapakorieta via St. Mary’s to
miles of main
Celina; 8t. Mary’s to Miuster; making altogether 78
line; also, sidings, 10 miles. Last section completed Deo. 1.1903.
Also Lima to Findlay 31-9 in ties, thus completing a through line to
Toledo.
Total of ail mileage, about 120 miles.
Standard gauge.
Operates 19 passenger and 6 other cars.
OFFICERS—President, A. E. Akins; 1st Vice-Pres., L. J. Wolf; 2d
Vice-Pres and Gen’l
gr
F. D. Carpenter; Secy, aud Asst. Treas., H.
0. Lang; Treas., M. J. Mandelbaum.—V 82, p. 162; V. 83, p. 97, 157,
subjeot to call.
not
Bee V
The Lima Fin. A Tol. bouds have a
holders.
per ann.
,
38i.
LINCOLN, NEB.
..
Coll. Tr. Mtge.,
Lexington
OFFICERS—President and Gen. Man., Jos. B. Mayer, Buffalo; VioeCincinnati; Secretary, 8. C. Cooper, Cin¬
cinnati; Treasurer, F. H. MaoMorris, Phila.—V. 71, p. 29, 342; V. 74,
p. 829,1083; V. 81, p. 155, 1100.
President, J. B. Foraker Jr.,
Maturity.
500,000
,
texit..........
53
STREET RAILWAYS
Feb., 1907.]
LINCOLN TRACTION-A trolley road.
Organization—Successor In January, 1898, to Lincoln Street Ry.;
foreclosed Dec. 17, 1897, and reorganized per plan in V. 65, p. 277.
Stock &, Bonds—
Date.
Interest. Outstand'g.
Maturity.
Com. stock, par $100
6 A-O
$330,000 Oct./jr,’06.3%
Preferred cumulative
5
J-J
700,000 Jau. .j,’07,2^
1st mort. gold, $1,000; >
1899
5 g. J J
150,000 Jan. 1, 1920
#250.000 auth
c* $
Interest at N. Y. Trust Co., Trustee.
Dividends—On pref. commenced July 15. 1901, 2^ p. o.
In 1902 5
In 1903 5 p. o. and
10 p.o o. Inaccumulated
1906, 5 p.divio.;
5 p.
S. o. and 5 p. c. in stock.
In
1904.
5 p. o.
ends.
In 1905,
in 1907, Jan., 2^ p. c.
On com. stock,
p. o. In..1905, 5 j) c
In 1906, 6 p c.
in 1903, 5 p. o.
1905.
1906.
$376,461
Earnings—Calendar year:
Gross earnings
Int., operating exp. and recoustruo.
Surplus
Road—Owns about 42 miles
$316,922
314,245
238,000
$62,216
$78,922
of track.
In 19u4, 5
1904.
$272,314
197,024
$75,290
Officers—Pres., M. L. Scudder. New York; Vice-Pres., Wm. Beloher;
52 Wall St., N. Y.—V. 77, p. 2280; V. 82,
p. 751.
rtee’y and Treas., F. H. Carter,
ARK.
ROCK,
LITTLE
ROCK RAILWAY & ELECTRIC —
Organization -Incorporated in Arkansas in March, 1903, aud is a
consolidation of the Little Rock Traction A Electric Co.(granted a new
franchise on Sept. 28, 1901, for 50 years, V. 73, p. 784) and the Little
Rock Edison Eleotric Light A Power Co.
Operates all street railways
in city.
Controlled by A oerican Cii'es Railway A Light Co., in the
management of which Isidore Newman A Son of New Orleans and
New York are largely interested..
Date. Interest. Outstand'g.
Stock cfc Bonds—
Maturity.
LITTLE
Common, $1,500,000
Pref. 6% cum.. $750,000
6 J-J
1903 5
$1,500,000 Deo.31,’06,2
750,000 Deo.31,’06, 3
A-O 1,984,000 April 1,1933
Bank,
82
000 000 (
8Z,ooo,ooo,
> Intere8t g.
at Com. Trust a Savings
goia (*i,uuu>....
) New 0r|eai)8< ca.. Trustee.
1st
l
mortgage
Bonds.
Are subject to call after five years at 107*0
have been retired.
Dividends.— In 1904 on pref., 6 p. c
In 1905, 6 p. c.
On common, June 30, 1906, 2 p. c ; Deo. 31, 2 p. c.
Earrings—For calendar years:
$256,166
$535,49R
In 1906, 6 p. c.
Surplus,
Fixed charges.
Grnhs.
Tear—
1906
1905
All prior liens
496,259
.34,890
Roao—Operates 23 miles of track.
$138,867
127,232
$117,299
107,658
Of-FICERS—Pres** W. E. Hemingway; Bee , Geo. B. Rose; Treas. and
And., W. J. Tharp.—V. 76, p. 593, 810, 864;
Gen Mgr.. D. A Hegarty;
V. 82, p. 628, 143.-; V. 83,
p.
38
LOCKPORT, N. Y.
INTER NATION A L
nuent under
TRACTION CO.-See State-
Buffalo.
LONG
N. J.
BRANCH,
ATLANTIC COAST ELECTRIC RY.-TroUey.
Organization—incorporated in New Jersey on Deo. 8, 1905, as
successor to the Atlantic Coast Eleotric Radroai/ Co. uader fore¬
closure of the general mortgage of the latter.
Leases the
Electric Ry. of Anbury Park until J uue 6,1937, at $10,000 per year
Seashore
and
$150,000 of the $200,000 total capital stock of latter company
(making net rental $2,500) and owns all of the stock of the West End
A Long Branch Ry. and of the Anbury Park A Sea Girt RR.; the former
is leased from Aug. 3, 1896, until July 17, 1945, at a nominal rental,
and the latter for 99 years at 6 per cent on stock from Aug. 27, 1898.
Also owns entire stock ($100,000) of the Atlantic Coast Electrio Light
Co., which supplies the electric lights of Asbury Park, Allenhurst,
Belmat Ocean Beach. Como and Spring Lake. Tne Seaooast Traction
Co. (capital. $100,000), running from Beltuar to Spring Lane, 2 miles,
has been leaned to the Atlantic (’oast Electrio Rv. for 99 years.
Fran
rhise in Belmat expires in 1947; in Asbury Park in 1937; in Long
Branch some expire in 194'-> and other* are perpetual: in Ocean Townsnip, perpetual; in Sea G>rt. expire in 1915, 1926 and 1956; fran¬
chises of Seaooast Traction Co. arc perpetual.
STOCK & Bonds—
Date.
Interest. Outstand'g.
Maturity.
owns
,
8took, $1,000,000($100)
1st mort., gold, $1,000,-1
000
$
Gen. mort,., $1,000,000, >
c 5
gold ($1.«'00)
stock
Seashore El. Ry.
a
».
1st
„.
_
.
M., $200,000
1895
5 g. M-N
$1,000,000
800,000
Int. at Knickerbocker
May 1, 1945
July l, 1945
Tr. Co., N. Y., trustee
1906
5 g J-J
870,000
Interest at Central Trust Co.,
N. Y , Trustee.
200,000
( 1892
200,000
6 g. J-J
1917
vat Seaooast Nat’l Bank. Asbury Park, N. J.
}
HeacoastTrao. Co. stock
Seaooast Trac. 1st M.. ^
$100,000 ($1,000), g. (t
1897.
100,000
1904
1945
5 g. J-J
100 000
Int. at Federal Trust CO., Newark, Trustee.
subject to call at 105 in
STREET RAILWAYS.
54
S^OCK & BONDS—
Date.
Outstwding
Interest
Pa. a 8. G stock -All owned by Atlantic CoaHt
A 8. G. lstmort. > 1898
5 g. M-S
50,000
Astmr.
As. P
Maturity
Electric Ry.
1918
"OO, gold, can be >Interest at Monmouth Trust & Safe Deposit
CHin-tded at 105
0)
q0m Asbury Park, Trustee.
Ati t «'*st Elec. Light 1st
June 1,1945
1,1945
241,000
June
M..) 5 J-I)
$5< o <*)00 g. Subject to call > Int. at Federal Trust Co.. Newark,N.J.
at 105 in 1901
) Morton Trust Co., N. Y., Trustee.
“Other debts” (Dec. 31, 1905»
305.000
Bonds—Ot tne $1,000,<’00 firsts $200,000 are reserved to retire a
like amount of Seashore R.v. 6s, subject to call at 105 In in 1897. Entire
bonds ano stock of the Asbury Park Ar Sea Girt and the Seacoast trac¬
tion Co. are deposited under the new g- neral mortgage.
Road—Belt Line in Asbury Park and extends from Asbury Park
through Long Branch to Pleasure Bay, about 24 miles, of which 10*12
miles is over private right of way. V. 66, p. 616.
Connects ai Pleasure
Bav with the New York & Long BranohSteamboat Co.
Report—Year ending Dec 31:
19C3
1906.
1904.
1P05.
*50
--
,,,H
.
.
Gross
earnings
Operating expenses
$289,r*3l
111,222
$267,395
121,808
$231,14 2
$221,020
118,387
112,492
Net
$178,001
$145,587
$112,755
$103,528
OFFICERS- Pres., 8. F Hazelrigv, N. Y.: Vioe-Pres
II. H. Rogers;
Trca-., H H. Rogers Jr.; Se /y, G. B. Cade; s»upt., C. E Heretli - V.
81, p. 974, 1435, 1722.
,
MONMOUTH COUNTY ELECTRIC CO
Organization.—Incorporated April, 1, 190i,as a reorganization ol
the Atlantic Highlands Ked Bank A Long Branch Electric Ry
In April,
1mo3 was granted a 45-year franchise to operate in Long Branch, in
consideration of which the town is to receive Ljof 1% of gross receipts.
Stock & BONDS—
Date. Interest, (tu/stand'y. Maturity.
Stock. *500.000 ($50)
$325,000
1st m.»rt.. $500,000 ($100? 1901
4 g. J-J
32\00«> Apr. 1, 1951
nooi gold
an.i
c* $ Int. at Hamilton Tr. Co
B’klyu, trustee
Other debts Dec 31,1905
43.0i»3
Road —Red Bank to i^ong Branch. 6^ miles, and 2d track, 2^ mile*
in Long Branch. 3 miles; in Red Bank. 1 ^ mtleS; total. 131* miles
E awn'Nos- For calendar year 1905, gross. $50 40'; def. from opera¬
tion. i. J17.
,
.
Ol F'CERS—Pres
,
.
John M. Enright. Jersey City-V. 72. p 86,391.
LONG
ISLAND CITY. N
LONG
ISLAND
CONSOLIDATED
ELEC¬
TRICAL COMPANIES.—
G-g anization.—Ent re stock Is owned by the Long Island RR. In
corp" ated in New York and holds the entire stock of the Huntington
RK
Urn Ocean Electric Ry., the Northport Traction Co
the Nassau
Coii- iy Ry.. the Glen Cove RR and the Jamaica <te South Shore RR
AGo .‘.wns one-lialf the stock (the Interborongh Rapid Transit (to
owmng the other half) and bond*, of the N Y. A Long Island Traction
.
,
ami the Long
Island Electric Rv.
Sr ;CK & BONDS—
Date.
Stock
Coll. tr. bonds, $10,000,000)
gold, gua**
s
Binds.—Are guar., prln. &
Interest.
All owned
1906
4^
Oidstmd'g.
Maturity.
by Long Island RR.
None
g.
1946
U. S Mtge. & Trust Co.. N. Y., Trustee.
int., bv Long Island RR
Officers—Pres.. Rslph Peters; Vice Pres O. L. Addison; Seo’y and
Tre;is FraDk E. Haff, New York.— V. 83, p. 890.
.
,
(1) LONG ISLAND ELECTRIC RY.—A trolley road.
In Jan., 1906, control passed to the Interborough Rapid Transit Co.
and the Long Island Conso tdated Eleotrlcal Conaoanie-*, each owning
one half the stock and bonds.
It is to be merged into the N. Y. & Long
Island Trac. Co., which see below.
Organization-Chartered March 13, 1897.
as
New York <fe North
Shore Rv. On Oct. 11, 1899, was consolidated with the former Long
Island Electric Ry., new company having $2,100,000 capital stock and
$2,100,000 bonds.
On May 7, 1902, the liues north of Jamaica were
sold under foreclosure t** the Queens Rv. Co., which company was then
merged into the New York & Queens County Ry. By this foreclosure
$1,5 00,000 each of stock and bonds were canceled, leaving each at
$*>00,000.
wan
On uct. 1, 1903, old name of “Long Island Eleotrlo Ry.”
resumed.
In
October, 1899, the Appellate Division of the Supreme Court
upheld the right of the Long Island Electric under the General Rail¬
road law to run cars carrying express matter.
V. 69, p. 744. Decision
was affirmed by Court of Appeals in June, 1900.
V. 70, p. 1249.
Stock & Bonds—
Date.
Interest.
Outsland'g.
Maturity.
stock, $600,000 ($mn>
$600,000
L. I. El. 1st M., $600,000) 1895
5 g. J-D
600,000 Jnnel.1925
($1 0O0)
c* ) Int. at Hamilton Trust. Brooklyn, Trustee.
Loans June 30. 1905
141.144
Eawninqs.—For year ending Jane 30. 1906, gross, $184,808; net.
$55,676; charges, $37.9^2; surplus, $17,714.
Rcad.—Comprises 26*20 miles of road from Crescent Avenue, Brook
hn(ai the terminus of the Kings County Elevated), to Jamaica, Hollis
and Queens, and from Jamaica to Far Rockaway.
47 cars.—V. 77, p.
89. 511. 512: V. 83. p 818.
...
(2) NEW
YORK & LONG I8LAND TR4CTION. -A trolley road.
20,1905, control was purchased Jointly by the Interborough
Rapid Transit Co and the Long Inland Consol. Elec. (’os. and new* offlcerselected as below. V. 80, p. 2622. The Interborougn also controls
the New York <% Queens County Ry. In Oct, 1906, the R.R Com
misstoners authorized $6C0/’00 new stock to be issued for the stock of
the Long Island Elec. Ry. See V. 83, p. 818.
Organization—This was formerly the Mineola Hempstead A Free¬
port Traction (Incorporated on Feb. 27, 1899), but name changed as
above or Julyl, 1902, and stock Increased from $125,000 to
$1,000,000.
Stock db BONDS—
Date. Interest. Outstand’g.
Last Div
Common, $750,«'O0 ($50)
$750,000
Pref. 5% cum.,$250,000 ($50)
250.000
1st mtge
$1 OOO OOO
gold ( 1902 4*3 g. M.-N. 1 000.000 Nov.1,1942
t*
/V?0'000'
e°ia \ Int. at Citizens’ Sav. A Tr. Co.. <5leve•* r
On June
(land, trustee,
Bonds.- Axe
or at
1st Nat Bank. N. Y.
subject to call at 107 at 30 days’ notice, but no wink. fund.
EARNiNG8-For year ending June 30,1906, gross, $205,748; net,
$104,302; Axed charges, $52,903: surplus, $51,399.
Ro*D - Operates an electric line connecting Mineola. Hempstead
and Freeport, 7*84 miles. Also operates line from
Hempstead west 5*58
miles, to Queens, where connection is made with the tracks of the New
York A Queens County Railway. Also a line 16*42 miles
long
from Freeport westerly via Rockville Centre. Lynbrook and
Valley
Stream, to a connection with the Kings Co. Elevated Ry. at Brooklyn.
Total, Including second track, 8415 miles. A line will be built later
to Long Beach and also one to Babylon. 19
passenger and 5 other cars.
Officers—President, Artnur Turnbull, 38 Wall St, New York;
Secretary, Frank E. Haff, 128 Broadway, New York; Treasurer, Jordan
J. Robins, 32 Nassau St, New York; Vioe-Pres and
Mgr.. F. L. Fuller,
Long Island City.—V. 60,
p.
1479, 2345, 2458, 2622; V. 83,
p.
818.
NEW YORK & QUEENS COUNTY RYEntire capital stock Is owned by the Interborough
Rapid Tr insit Co.
Organization—Incorporated J une 29,1896. and reorganised on June
30.1899. Purchased the various lines of railroad in l^ong Island
City
known as
the Newtown R/. Co., the
RR.. the Stein way Railway, the long
and the Flushing A college Point Ry.
consolidated with it, and thereupon Increased its stock from
$2,500,000 to $5,000,000. The Queens Ry. succeeded to the property
was
sold at foreclosure of the New York A North Shore
Ry.,.comprising
line of six miles from Flushing to Jamaica, with franchises for lines
between Flushing and College Point. Flushing and Bayside and Manhasset. V. 74, p 1197. In 8ept., 1906, the Railroad Commissioners
grantedpermission to make a new mortgage for $10,000,000 to provide
for refunding, etc V. 82. p. 1439; V. 83, p. 752.
Date.
Interest. Out8tand'g.
Stock & Bonds—
Maturity.
a
Stock, $5,000,000 ($100)
Flush.&Coll.Pt. IstM...
Hiker Ave. <fc Sandfords Point
Island rity A Newtown Ry.
In May, 1902, the Queens Ry.
$3,235,000
1925
{ ^ YortTrustCo..T°rC°es.
) 1894
150,000 Dec. 1, 1924
5 J-D
$ New York Trust Co.. Trustee.
Steinway Ry. IstM., gold,) 1892
6g. J-J
1,500,000 Julyl, 1922
$1,500,000 ($1,000) .0* J Int. at Morion Trust Co., trustee. N. Y. City.
N Y. <fe Queens Co. 1st ) 1896
4g. A-O 1,300,000 Oct. 1, 1946
Consol. M., gold, $1,000 > Mercantile Tru^t Co New York, Trustee.
each
) Int. at office of company. New York.
1st A ref. mtge, $1 0 000.- j 1906
4g. M N
Nov 1,1936
(?)
000, gold ($1 000)
c* t
Windsor Trust Co., N. Y., trustee.
Loans payable July t. 1906. $230,000
of the new $10 060,000 mtge., *3.065 000 are reserved for prior
liens and $6,135,000 tor additions ar.d improvements. No
sinking
fund and bonds are not snbjeot to call.
Under the New York &
Queens County 1st consol, mortgage there were originally $2,500,0i 0 bonds outstanding, but the company having defaulted
In the payment of interest, a reorganization was made, under which the
holders surrendered $1.^00,000; interest was reduced to 4 p.e. and the
Mercantile Trust Co., N. Y,t was made the new trustee. V. 69, p. 906.
Road—The system, with the Queens Railway, embraces 74*47
miles of trolley track. Including main line, 40*24 miles; second
track. 28*96; sidings, 5 27.
Rails 77 to 93 lbs. standard gauge; 208
closed and open oars, 26 work c*rs and 6 freight cars, &o.
Report for tisoal years ending June 30:
Gross.
Oth. inc.
Net.
Int. & taxes.
Surplus.
1905 6
$^39,732
$275,3*6
$12,461
$203,987
$83,860
1901 5
735.693
2S-0.517
201.576
10,041
98,981
Officers—Pres., Arthur Turnbull, 38 Wall St.. N. Y.; See’y, H. M.
FGhet; Tieas..D W. McWilliams; Vice-1 res. and Gen. Manager, F.
L Fuller. Long Island City.- V 77, p 293,350; V. 82. p. 1439; V.
83,
ifAwt/iwn
Newtown Ttv
at TVf
M
Ry. 11st
,
....
-p.
752.
_
LOS
Y
[VOL. LXXXIV.
ANGELES
CAL.
PACIFIC ELECTRIC R Y -A trolley road.—''See Map
on page 55.)
In 'Octo er. 1903, the Kubu, Loeb-Harrimarr interests in Southern
Paoitic Ry. became connected witu Mr. H. K. Huntington in the con¬
trol of this company, the Southern Pacific Co. owning $10,000,000 of
the $20,000 000 sto k. See V. 80, p. 65i, for Item concerning purchase
of
minority interest.
Organization—This company was Incorporated under the laws of
California in 1901, and is a consolidation of the Los Angeles <fc Pasa¬
dena Electric Ry., Pa-adena & Mount Lowe Ry., Pacific Electric of
Arizona, the East Ninth St. Ry., the Temple St. Cable Ry. and the
Brooklyn Ave. Ry., comprising nearly all the interurban lines in and
around Los Angeles In Oct, 1903, the stockholders authorized an
increase of stock from $10,000,000 to $20,000,000.
V. 77, p. 1534
STOCK & Bonds—
Date. Interest. Outstand'g Maturity.
Stock, $20,000,000 ($100)..
$20,000,000
Consol, mortgage,$10,000,000, ( 1902 5g. J. J.
8.494,000 Jan.l,’42
gold, ($1,000)
o. ) Int. at Union Tr. Co., San Fran.. Trus.
^ol^gi^r^l^OOO)1’000,0^’!
1898 5S*J*-J* 1,000,000 Jan. 1/28
F-an be'called aftir Jam }Int* atlB*Tr.A8av.Bk..Chio..Trustee>
i908? at 105.
’ J or at (Jha8e Nat* Baiik’ New York*
l
P^i?^it*onn™0rtM$500,°S?’) 1900 4g. J.-D. 500,000
*191
IlntereRt at Unlon Trust
tnd
f Francisco, Trustee.
Junel/30
after
Oat
Co., San
104
interest
Bonds -A sufficient amount of the $10,000,000 consols is reserved to
retire prior lss * es. Sinking Fund is $5,000 per annum, commencing
Jam 1, 1907, for 5 years; then $10,000 per annum to Jan. 1,1917;
$15,000 per annum to Jan. 1, 1922; $20,000 per annum to Jan. 1,
lb27; $25,000 per annum to Jan. 1, 1932; $30,000 per annum to Jan.
Can be called
1,1937, and $35,000 annually thereafter, said sinking fund to be used
purchase of the nonds, but fund may be Invested In other secu¬
rities if bonds cannot be obtained at par. The bonds of the Los An¬
geles A Pasadena bear the guaranty of the Los Angeles Ry. by endorse¬
ment. A sinking fund of $10,500 per year on those bonds begins Deo.
1, 1908, and bonds may be called at 105 on any lnterestdate after Jan. 1,
1908. The bonds of the Pasadena & Mt. Lowe are guaranteed, prlnoiin the
Pal and interest, by both the Los Angeles Ry. and the Los ^ugeles A
asadena Electric Ry. A sinking fund for tlmse bonds commences
after 10 years from
date of bonds of $5,000 per annum
for
first 5 years, $7,500 per annum for second 5 years, $10,000 per an¬
num for next 5 years and *12,500 per annum for remaining 5
years.
These bonds may be called after 10 years on any interest date upon 4
weeks’ notice at 104 and interest.
Road—The Pacific Electric Ky. operates 197*13 miles of track, and
Inter., 251*73 miles; total, 44 8*86 miles.
OFF CERS— President, H. E. Huntington; Vice-President, W F. Her¬
rin; Sec., S. C. Baxter; Treas., I. W. Heilman.—V. 80, p.651,
the Los Ang
.
ANGELES INTERURBAN RY.-See Ma
55.
Organization -Incorporated In California on June 8,1903, and Is a
consolidation of the Los Angeles Traction Co., the Los Angeles A Glen¬
dale Ry. and the California Pao. Ry. The Riverside A Arlington
Ry.,
the Santa Ana & Orange Motor Ry., and the 8an Gabriel Rapid Tr. Ry.,
have also been acquired. The Los Angeles Interurban Ry. 1s one of
the Huntington roads and to Jan. 1, 1906, about $7,000,000 was spent
LOS
on
on
page
It.
STOCK & Bonds—
Date.
Interest.
Outstand'g. Maturity.
Stock, $10,000,000. $100
$10,000,000
New M., $10,000,000, g. ( 1903
5 g.A-O
4,713,000
1943
($1,000). guar...... .c«fer ) Int. at Union Trust Co., San Fran..Trustee.
Los Ang. Trac. 1st mort., $ 1895
250,000
6 g. M-N
May, 1915.
$250,000, gold ($1,000) ) St. Louis Union Tr. Co., St. Louis,Trustee.
Los. Ang. Trac. 1st con.M., ( 1898 5 g.. J-D
250,000 Deo. 1,1938
gold,$250,000 ($1,000). ) 8t. Louls-Union Tr. Co., St Lonls.Trustee.
Interest of both above mortgages at Chase National Bank, N. Y.
Cal. Pac. Ry. 1st M., gold (1901
5 g. J-J
480,000 July 1.1941
($1,000), guar
c ) Title Ins. A Trust Co., Los Angeles. Trust,
Bonds. -Of the California Pacific Ry. no stated amount authorized,
butts limited to *20,000 per mile of completed track. No sinking
fund on these bonds, and bonds cannot be oalled. Interest Is
payable
In N. Y. City. These bonds are guaranteed by the Los Angeles Trao.
Co., both principal and Int. See V. 75, p 76. A sinking fund is provided
for the new $10.o00,000 mortgage as follows: 1908 to
1912, inclusive,
$5,000 per annum; 1913 to 1917, inclusive. $10,000 per annum; 1918
to 1922. inclusive, $15,000
per annum; 1923 to 1927, Inclusive, $20.000 per annum; 192** to 1932, inclusive, $25,000 per annum; 1933
to
1937, inclusive, $30,000
per
annum,
and thereafter to ma¬
turity, $35,000 per annum. The bonds are subject to call for the sink¬
ing fund at a price to be determined by the directors. These bonds ar«
guaranteed as to both principal and Interest by the Paoiflo Elec. Ry.
Road—Operates 251*73 miles of traok.
OFF1CER8— President, H. E. Huntington; Vice President W. F. Her¬
rin; 8ec 8. C. Baxter; Treas., I W Heilman; Supt., S. B. McLenegan.
V. 79. p. 627, 258 8; V. «0. p. 651.
,
Fee., 1907. J
mm-iWi
STREET RAILWAYS
OD
56
STREET RAILWAYS.
LOS
ANGELES
RAILWAY —See Map
Organization—Successor by consolidation Sept. 29, 1898, of Los
Angeles Ry. and Main 8t. A Agricultural Park RR. and by purchase of
V. 68, p. 85. Owns
the Mateo Street RR. and San Pedro Street RR.
$5,050,000 of the $10,000,000 stock of the Pacific Light & Power Co.
of Los
$2,500,000 preferred stock, practically all owned by the Louisville
Traction Co. Franchises are partly for 99 years and partly perpetual.
The Louisville A Intemrnan Ry. has been organized In the Interest
of the Louisville Ry. to construct a system of urban and imterurban
lines
It has been authorized to borrow $3,ot>0,000. Up to Feb., 1907.
no securities had been
issued except $1,215,000 stock to Louisville
Angeles.
STOCK & Bonds—
Date. Interest. Outstand'g. Maturity.
8tock, $5,000,000 (par, $100)
$5,000,000
New inert,, $5,000,000 gold < 1898 5g.
A-O
5,000.000 Oct. 1,1938
c* t Int’st at Co’s Office, San Francisco, Cal.
$1,000 each
The Trustee of the new mortgage of 1898 is the Union Trust Co.
of San Francisco, Cal.
On 30 days’ notice interest may be made
payable at the National City Bank, New York.
Road—Comprises 175-4 miles of road.
OFFICERS—Pres.,H. E.Huntington; Vice-Pres.,Oh. de Guigne; Treas
I. W. Heilman; Sec’y, E. B. Holladay, San Francisco; Gen. Manager,
Howard E. Huntington, Los Angeles. V 78, p. 229; V. 80, p. 651.
Ry. Co.
STOCK & BONDS.— Date.
Interest.
Outstand'g Last div., etc.
Common,$12,000,OOO
QJ
$11,880,000 Dec.31,’o6,l%
Pf.5%cum $2,500,000
A-O
2,500,000
Oct.’QS.l*
Louisv. City Ry. M... s 1884
6 g. \J- J.
403,300 July 1,1909
do
do M.,gold ( Louisville Trust Co., Louisville, Ky., Trustee.
C1888
6
M.-N.
173,000 Nov. 1, 1908
Central Pass. Ry. M. < Interest payable at First Nat. Bank, Louisville.
(Louisville Trust Co., Trustee.
Bouisv. Ry. Cons. M., 11890
5 g.J. - J.
5,423,000 July 1,1930
gold, $6,000,000 [-Interest payable by Seligman A- Co.. N. Y.
(listed N. Y.)
o* 1 Fidelity Trust Co., Louisville, Trustee
Louisville Ry. 2d M., ( 1900
48s g. M-S
1,000,000 Mar. 1, 1940
$2.000,000.g,$i ,000 < Int. at Columbia Fin. & Tr. Co.. Louisv’le. Trus.
Bonds.— Of the second mort. bonds due 1940, not more than $200,000
can be Issued in any one year for improvements. V.70, p. 430,480,532.
Dividends—On Traction preferred, 5 p. c. per annum. On common,
the first seiut-annual dividend, 1H p. c., was paid Oct. 1, 1904, and l1*
p. o was again paid Apr 1,1905
onOot. 1. 1905, 18 p c. and
p.c.
extra
In 1906, April, 2 p. c.p Oot.. 1 p. c, Dec. 31, 1 p. c. <■
....
,
(1) PACIFIC LIGHT
A POWER CO.—An electric company.
Owns all of the stock of the Ontario A San Antonio Heights Ry. and
the entire stock of the San Bernardino Gas & Electric Co., neither of
which has any Issues out. Has contract to purchase stock of the Sierre
Power Co. which has $20,000 bonds out; al«o owns all of the stock of
the Mentone Power Co.; which has $37,<H)0 bonds out.
Organization.- Incorporated in California on March 6, 1902, and
absorbed the San Gabriel Electric Co. $5,050,000 of the $10,000,000
(V. 75, p. 1150), capital stock is owned by the Los Angeles Ry. Co.
Supplies power to the latier.
STOCK & Bonds
Date
Interest.
Outstanding
Maturity
Stock, $10,000,000 ($100)
$10,000,000
Is- mort., $10,000,000,
\ 1902
5 g. J-J
5,768,000 June 1,1943
gold ($1,000)
..oAr s Tnt. at Union Trust Co.. San Fran., Trustee.
.
Bonus.—$377,000
Road—Owns 145 miles of track on 62 miles of street; all is electrio.
Affords entrance into LoutsylUe for the Louisville-A Eastern RR. and
the Louisville and so. Ind. Traction Co.
The Louisv. & Irterurban
reserved to retire a like amount of bouds of
Bonds cannot be called
A sinking fund
Jan.1,1905. of 2% of bonds outstanding for first 5 years
and on and after Jan
1910. 28j% uutil and including Jan 1, 1942;
said fund to be invested in the bonds at not less than 110, otherwise
in other securities.
are
the San Gabriel Electric Co.
operates 40 miles of track in Jefferson County
Report Of Louisville Railway Co. for fiscal year ending Deo. 31.
Annual meeting third week in February.
Year.
1«06.
1905.
|
Fear.
1906.
1905.
commences on
,
$2,592,996 $2,355,880 Dividends
.$596,706 $501,707
1,029,682
932,867 I Bal., surplus.. *82,705
*79,656
Interest pd.
350,271
351,504 |
Of this amonut. $70,000 in 1906 and $65,000 in 1905 was credited
to depreciation account.
Officers—President, T. J. Minary; Vice-President, A. P. Humphrey;
Sec’y A Treas., Sam’l G. Boyle.—V. 80, p. 994, 1912; V. 82, p. 692, 805.
Gross
Net
Plant.—Generates electricity for light and power. Water power, also
steam plant, in Los Angeles.
Has 15,000 h. p. plant on Kern River,
125 miles from Los Angeles. Two separate transmission lines running
the entire distance are used.—V. 74, p. 580; V. 75,
p. ^57, 1150.
LOS
ANGELES
_
PACIFIC
in control.
are
......
1898
V. 82, p.
.
LOUISVILLE
L. A. Pac. RR.
mort., $5,000,000, gold J Int. at Los
c'\
($1,000)
L A.Paf. Co.gen.consol.m.
$12,500,000 *.($1.000)o'
Los An. Her. B. A Red. M.
$500,000
g.
($1,000)....
|
Angeles Trust Co
,
Trustee,
Ang.
1902
Int.
ar
Los*
liase Nat’l *k., New Y’ork.
5*.M- 150.000
,1942
Crocker Woolworth Nat. B’k.. Sau
Francisco.
or •
Bonds.—Of the $5,POO,0001 st ami ref bonds authorized, $2,067,000
reserved to retire prior liens and $700,000 for extensions at
75%
of cost when net earnings are l^j times int. charges on bonds,
including
those to be issued.
A sinking fundbegins in 1909, to which $50,00>*
per annum is payable the first 5 years, $ 0 000 per annum the next 5
years, $70,000 per annum the next 5 years, $3<>,o00 yearly the follow¬
ing 5 years, $90,000 per annum the next, 5 years, $100,000 yearly the
followir g 5 > ears and $150.00 per annum thereafter. These bonds
are not subject to call.
On the new bonds of 1906 the following sums
payable annually to
a sinking fund: 191) to 1915, $10,000 per
1916 to 1920. $15,000 per annum; 1921 to 1925, $10,000
annually; 1926 to 1930, $75,000 per annum; 1931 to 1944, $60,000
annually, and 1945 and 1946, $90,000 per annum. Of the $12,500,000
authorized, $5,000,000 are reserved for prior liens and $5,000,000 for
annum;
other purposes.
Interest. Outstand'g.
Maturity.
$2,000,000
400,000
,
D06
5g. A-O
450,000 Apr. 1. 1956
Int. at' Merchants’
*
—
Nat’l Bank, Boston, or
Fourth Nat’l Bank, New Y’ork.
gold ($1,000), s f.
Old Col1
ony Trust Co
Boston, Trustee.
Bonds.— Of the $2,000,000 authorized, the balance unissued 1s re¬
served for extensions, etc. See V. 82, p. 987. A smki a fund of 1
p. e. per annum of bonds out is operative from loll 10 1931; thereafrer 2 p c. per annum.
Bonds are subject to call at 110 and iut.
1st
mort..
$2,000,000
.
EaRNin
S
Foe year ending Feb. 28, 1 06, gro->s, $120,26 2; net
In 1905, gross, $106,976; net, $33 241.
Road—Operates 1 •’ miles between Louisville and Beards on private
right of way. 70-lb. rails. A line is under oustruction from Beards to
La Grange, 10 miles, which is expected to <e
computed in March,
1907.
Is also building from Lakeland to Shelbyville, *4 miles; Slielbyville to Frankfort, 22 miles; also a brauch from* the main line to New¬
castle. 16 miles,
lo passenger oars and l express car.
Officers—President, F. M. Fauvre; Vice-Presioent and Gen. Mgr.,
Percival Moore, Louisville.-V. 81. p. 1100; V. 82, p. 987, 1102.
$18,355.
INDIANAPOLIS
&
LOUISVILLE
TRAC¬
TION CO —To be a trolley road.
Or aniZ
ion — Incorporated in Indiana in 1905 under the general
railroad laws
Franchises iu cities and towns are f r 50 years from
191-5; remainder is on private right of way.
STOCK (5c Bonds—
Date.
interest.
Outstanding.
Maturity.
Com
$2,500,000
$2,356,800
,
......
Pref. 500 0O0
None.
1st mort., $1,250,000, * 1905
5 g A.O
1,250.000
April 1,1936
gold ($1,000)
0* S Int. at Colonial Trust Co., Pittsb., Trustee.
Bonds—A sinking fund of -» per cent per annum of gross earnings
..
Earnings—For calendar year 1905, gross. $1,154,519; net, $419,384.
Road—Owns four lines of trolley road from Los AngeleHto the Pacific
Ocean, the entire local system of Santa Monica, with branch lines from
Los Angeles to Hollywood, Colegrove, West gate, Redondo eeach.
Soldiers’ Home and Inglewood, constituting 68-9 miles of double
track; total mileage, 176 miles of single track. Operates 2 large power
houses at Shermau and Vineyard, with machine shops and car
shops
at Sherman.
common
es
April 1, 1916
date at 105 and Interest.
Bonds
are
subject to call
ou
any
interest
R.m .— Is mnldln* 41 8 miles of track from Sellersburg (whore con¬
nection la made with the Louisville A So. Ind. Trac. Co. into LouisDie) to Seymour, from which point it will enter Indianapolis over
the tracks of the Ind. Col * South, with which it has a contract.
Is
expected tobe in operation during 1907. Standard gauge. To lb. T rails.
'
Officers—President and Manager, E. P. Clark: Vice-President and
Manager, M. f. Sherman; Secretary, A. I. Smith; Treasurer. M. E.
Hammond; Aud tor, G. L. Rugbce; Gen. Mgr.,T. R. Gabel; ttupt., R. P.
Sherman.—V. 82. p. 100, 161, 751
LOS ANGELES & REDONDO RY -A trolley road.
In July, 1905, H. E, Huntington purchased ttie entire
capital stock
V. 81, p.211.
Organization.—Incorporated in California, (’apital stock was in¬
creased in May, 1903, from $500,000 to $ t ,000,000.
V. 76. p 1143.
STOCK &, Bonds—
Date.
Interest.
> rut stand' g.
Maturity.
Stock, $1,000,000 ($100).
$500,000
1st mortgage,$500,000, /
1902 5 g. J-J 15
500,000 Jan. 1.5, 1932
gold. ($1,000).
—c’ { Int. at Union Trust Co., San Fran., trustee.
Earnings—For fiscal years ending June 30:
Cross.
Net.
Inf. if: taxes.
Surplus
1905
$262,833
$6* .949
$35,639
$10,310
1904
258.487
03,856
36.511
57,345
Road—Operates 18l4 oidesfof road *(.4anlenit Division) from I>os
Angeles to Redondo Beach and < lilfton by the Sea: -iso i3 mllesof
road from Figueroa Junction to Belvidcre
(Inglewood Division), con
neeting with Gsrdcna Division. Also 64 miles of branch lines and 20
miles of second track. Gauge 3-feet. Operated
by electrloity. Cars
equipped with 4 motors of 50 H P. each, v.isi.p 211.
...
..
LOUISVILLE,
KY.
LOUISVILLE TRACTION CO.-A holding company.
Organization—Incorporated in New Jersey on July 5, 1903, and
has acquired practically all of the stock of the Louisville Kv.
Co
Holders of common stock of Louisville Ry., on
payment or $55 In cash,
received three shares of new common stock in exchange for each
share of old stock held. Holders of the old preferred
stock of the
Louisville Ry. received share for share of new
preferred,
with a bonus
of 20 per cent in common. The new companv
provided tin* Louisville
Ky. Co. with needed money to he used for improvements, the rail wav
company issuing $1,100,000 com. stock therefor. See V. 79, p. 968.
Date.
Stock com $2,000,000
Pref. $400,000 5 p. c., 11. c
or
are
are
January, 1903.
Stock dc Bonds—
at U. S. Mort.
A Trust Co.. New York.
1906
5g..» J
5,000.00 • Jan. 2,1946
Int. at Union Trust Co.. San Fran., trustee,^
or at Farmer’s A Meeh. Nat’l Bk.,
RR.-A trolley road
above In
lut. at < rockcr-Woolworth Nat. B’k.
San. Fran.
1903 5 g. M-S
3,250.000 Sep. 1,1943
V
EASTERN
Organization—This was formerly the Ixmlsvllle Anchorage A Pewee
Valley Elect. Ry., Incorporated Jan. 14, 1901, hut name changed as
.
5 J/c&D/fi
( 1901 5 A.AO.
1,400,000 Apr 1, 1931
j Broadway Bk. ATr < .’o., Los. Ang .trustee.
1st A ref. (
&
In April, 1906. the two old morts. or the L. A A P. V
were retired
and the new mortgage given below was executed.
V. 92. p. 987.
100,000
1928
L. A. Pac. RR. 1st M.,$l,) Int. at Broadway Bk. A; Tr. i'o , Los Ang.
Tr.; II! Tr. & Sav.Bk., Chic., or Chase Nat.
000,000,g. ($1,000).
t
B’k.. New York.
L. A. Pac. R -t. 1st con. m.
$1,500,000 g. ($1,600)
earn
*
CO.-An electric road,
751.
Organization—Huccessorin 1905 to the Los Angeles Pacific Railroad, which was organized June 4,1898. In Jam, 1904, purchased
the Los Angeles Ocean Park A Santa Monica RR V. 7-, p. 342
STOCK & Bonds—
Date. -Butt,
outstand'g.
Maturity.
Stock,$15,000,000; par,$100
$15,000,000
The Harriman interests
.
The Traction Co. in March, 1906, sold $912,000 additional stock to
shareholders at par. See V. 82, p. 692.
The old Louisville Ry. Co. was incorporated Jan. 22,1867, and is
a Kentucky company, owning all
the street railways in the olty of
Louisville and its suburbs.
It has $Y,000,QoO common stock and
5~>.
reported
on page
Is one of the Huntington properties, Mr. Huntington »>elng
to be the owner of 55 p. c. of the stock.
See V. 80, p. 651.
[Vol. lxxxiv.
OFF CERS—President. Jno. C. C. Mayo; Vice.Pres., J110. E Greeley;
Sec’y. Samuel Adams, Chicago: Treas., \V. L Lyons; Asx’t Treas
Jos.
,
B.Smith.
1290.
Office,Columbia Building, Louisville,Ky. V.83.
p.
155,5*2,
LOUISVILLE & NORTHERN RY. & LIGHT’G
Organization — Incorporated unner the general railroad taws of
Indiana in Dee
U»05
$900,000 of the $1,000,600 stock of the Uni ed
Gas A Ele. trie Co and $2 22,'"00 stock of the N**w Alnany
-Vater
Works i o. are dej>osited under this company’s mortgage.
Has pur¬
chased the electrical equipment of the Kentucky Al* diana Bridge Co.
and lease. •* the bridge for 25 years, thus affording independent entrance
into Louisville.
Company doosele tr e lightingandexpress and freight
business in addition to passenger business.
Road is mainly on private
right of way.
STOCK dc BONDSDate.
Interest. Ota standing.
Maturity.
,
Common, $3,500,000.
Pref ,$1,500,OOoHer.AAB.
1 st mort
$2,500,000
($500 and $1,000)
,
$3,500 000
1,500 000
See text.
1905
5 g. J-D
500.00*1 Dec l 1925
Int. at Amer Tr .v **HV B’k, Chicago, trus.,
or at Eliot National Bank, Boston
Stock—The Series A pref. stock is 0% cum ; the Series B is cum.
1906, 3% in 1907, 4% in 1908, 5% in 1909 and
6% in 1910 and thereafter.
Bonds
Unissued bonds can only be issued for 80 per cent of cost of
property built or aoquired. Are subject to ca 1 after Dec. 1, 1910, at
105 and interest.
V. 82. p. 868.
Dividends-We are advised that dividends on the A and B pref.
stock for 1906 have been paid.
Road —Operates 20 miles of tra k, Louisville to Charlestown, with
a line
branching off at Watson and runnin* to Sellersbu'g. At -eliersburg connects with the Ind A Louisv. Traction Co., which is building to
Seymour to connect with tlm Ind. Col. A Southern th is forming a
through line between Louisville and Indianapolis. The line from
Louisville to < harlestown will form part of a thiough lme between
Louisville and Cincinnati. Standard gauge.
70-lb. T rail.
and will receive 2% in
-
Feb., 1907.]
STREET RAILWAYS.
- Pres., Samuel Tnsull, Chicago;
Vice-Pres, aud Treas., H
Sec’y, J. u. English.—V. 82, p. 509, 868.
OFFICERS
W. Waite;
( i ) UNITED GAS & ELECTRIC CO.
ting
the consolidation, passed on Sept. 16, 1902, provided that at
least $150,000 shall be expended for improvements within two years,
and granted a 50-year franchise. For terms see V. 75,
p. 733. In 8ept.r
1905, a large block of stock changed hands. V. 81, p. 1100. Voting
trust in stock was dissolved in Sept., 1905.
*
Organization—Incorporated In Indiana In 1902 and acquired the
New Albany Street Ry.. New Albany Gaslight & Coke Co., New Al¬
bany Light, Heat & Power Co., Jeffersonville Electric Light, Heating
Gas <fe Coke Co. and Jeffersonville Light <fe Water Co ; also controls the
Louisville <fc Southern Indiana Traction Co. Franchises. 45 years in
New Albany and 50 years in Jeffersonville from 1902. Guarantee* the
$250,000 1st mtge. bonds of New Albany 8t. Rv. Co. The New Al¬
bany Water Works Co. is owned by the same interests V. 80, p. l*/36
STOCK & Bonds—
Date,
interest, tint*landing.
Maturity.
8tock, $1,000,000. $100
1 st liiortiraye
nom
$1,000,uOO
.
C 1902 5g. J-J.
750,000
See text.
? Interest at Amerioan Trust & Savings B’k.
j Qjjjo TrUHtee, and at Eliot Nat. B’k. Boston.
$1,500, ) 19>4
5 g. J-J.
343,000
Ree text
dOft
'
18JnE?
gom <<?il.uuu).
c
--
f
1st cons. mtge,.
000, gold (.*>5 00 and/Int. at Amer. Trust «fe sav. Bank, Chicago,
$1,000)
o* S Trustee, or at Eliot Nat Bank, Boston.
Bonds—$750.oo0 new consols are reserved to retue a like amount
of first 5s. Both issues mature serially from 1907 to 1942. but the
bomis of 1902 may be called after July 1, 1912, at 105 and interest;
the new consols after July 1, 1! 24, at 105 and interest. See V. 79, p.
2458.
Earnings-For years ending May 31:
Gross
earnings
Operating expenses and taxes
-
1906.
1905
1904
$563,220
173,534
$219,-76
$197,885
133,523
$*«,686
46,641
$70,661
Netearnings
Interest,
149,215
$64,362
36,252
37,507
Surplus
$43,045
$33,154
$28,110
Officers—President, Samuel Insull, Chicago; Vice-Pres. and Tresis.,
R. W. Waite; Sec., J. D. English; oupt.. J. W. Dunbar.
V. 80, p. 1236;
V. 81, p. 1794; V. *2 p. 871.
..
(ft) LOUISVILLE
& SOUTHERN INDIANA TRACTION CO.
Organization —Incorporated in Indiana under the General Rail¬
road Laws in
1903, and is
successor to
the So.
Inuiaua Interurban
Ry. Co. Leases the New Albany Street Ry Co. for 25 years from Aug.
1, 1903, (with privilege of renewal for 25 years) at a yearly rental of
$500, the interest charges and taxes and dividends of 4 p. c. on pref.
stock.
V. 77. p.769.
Tn Sept., 1904, acquired the Highland RR. for
$10,000 in bonds; V. 79, p. 1643. In Dec., 190 s. acquired the Jeffer¬
sonville City Ry. See v. 81, p. 1792
Is controlled by the United Gas
•fcElectrlo Co., which see above.
also permitted to carry freight,
Franchises owned
STOCK & Bonds—
Date.
Common, $2,0 0,000 ($10)
are
for £0 years;
Outstand'g
$2,000,090
interest.
•...
P(!loi%.OUm'^l,000,OC>0 \
400,000
1903 5 g. MSi&
1.000,000 Sept. 15, ’23
Int. at Auier. Trust & $av. Bank. Chicago,
and U S. Ernst Co., Louisville, Trustees.
New Alb St. Ry., $250.000,)'
5 F-A
25O.000 Aug. 1.1927
guar, p <fe i.
\ Int. at United States Trust Co.. Louisville.
Bonds.— No einking fund. but bonds are subject to call after 10 years
at 105 and interest.
See V. 77, p. 769. 2339.
The New Albany St. Ry.
bonds are subject to call on any interest date at 105 and are guaranteed
by United Gas & Electric.
Earning*—For fiscal year ending July 31, 1906 iroad only partly
in operation); Gross, $240,617; net, $76,037; interest, $48,692; dtvi
$1,000,000,
gold ($500 & $1,000) .o*
dends. $25,154;
surplus. $2,190.
ROAD-—Operates 33 miles of track, including lO^. miles leased from
New Albany st. Ry., and also line between New Albany and .Jefferson¬
ville, and city lines in Jeffersonville
An extension to Louisville
was completed in
Has contract with “ Big Four”
September. 1905
RR. for use of its bridge over Ohio River aud with Louisville Ry.
Co., allowing its cars to enter Louisville. Has erected an interurban
terminal on Third St., Louisville. Girder rails, 90 lbs., T rails 75 and
77^-lbs.
Officers —President,SamuelInsnll,Chicago; Vice-Pres. andTreas,,
Secretary, J. O. English.-V. 78, p. 2012; V. hi, p. 1792.
R. W. Waite;
LOWELL & FITCHBURG STREET RY-A
trolley road.
Organization—Incorporated in Massachusetts In 1903.
S1 OCK and Bonos—
Date.
steck, $275,009, $100
1st mtge., $1,009,000 ( 1906
Sold ($1,000)
Interest.
5
g.
Outstanding.
$275 000
275.000
J-J
'
Maturity.
Jan. 1,1926
(Int. at Un. 8e<*. L I. & Tr. Co Phila., Trustee.
'onds—Are subject ..
to call at 105 and int. ou any, int. date
No
sinking fund
ROAD-Operates 1 4 miles from Lowell, where it connects with the
Lowell system, to Ayer, where connection is made with the Fitchburg
<fc 1 eominster St. Ky. Also a branch, about 5 miles, from North
Chelmsford to Westford. Also has franchises tor lines between Ayer
and Concord, 11 miles, and Ayer *n<» Nashua, N. H., 14 miles.
OFFICERS Pres.. Albert L. Register, Phila
Treas., J. r\. Patterson. V. 83, p. 38.
;
Sec., Henry C. Shaw;
LYNCHBURG, VA.
LYNCHBURG TRACTION & EIGHT CO
Trolley. Population served, about 30.000.
Organization—This is a consolidation on May 1,1901, of the Lynch
burg Electric Ry. & Light; the Lynchburg tfe RiVermont Ht. Ry. (fran
chi so perpetual), the Lynchburg Gas Co. and the Lynchburg Water
< o., aud
comprises all the street railways, gas works and electric-light
plants of Lynchburg and hydraulic power development at Reuscns. Va.
STOCK
and
Bonds—
Date.
Stock. $750,000 ($100)
lst mortg., $1,000,000,
s. f. ($1,000) gold...o*
,
Lynchburg Gas Co. 1st $
mortgage
Interest.
J II
Outstanding
maturity.
$750,000 Deo., ’06, l'i*%
1901 5g. M-N
889,000
May 1. 1931
Real Est. Trust Co.. Phila., Trustee.
Int. at R. M. Janney «fc Co.. Philadelphia.
5 M-S
111,000
.
July, 1
MACON, GA.
MACON RAILWAY & LIGHT—
Organization—Incorporated in Georgia 011 Oot. 23, 1902, by the
Railways «fe Light Co, of America as a consolidation of the Maoon Con¬
sol. 8t.
Ry. the Macon El. Light & Kv., the North <fe South Macon Street
Ry. and the Metropolitan Street Railway, The city ordinance permlt-
.Bonds—
Date.
Interest.
Outstand'g.
Maturity*
$900,000
a
a
s
rk
300,000
6 A. & O.
Oot,’06,3%
5g. J.-.T.
950,000
Jan l,’53
g. $1,000,000 <$1,0<*0).c* s Int atTr Co of Am
N Y..Trust., or by Co.
Mac. E. Lt,
42.500
Jan.
Ry. 1st M > 1899
6 g. J-J
1, ’29
$100,000 ($500), g.
c* s Int. at Bowling Green Tr. Co., N. Y.. Trus.
Bomis. $50,000 in bonds is reserved to retire $42,500 of the Maoon
Electric Light & Ry. bunds. Bonds of 1903 can be called on any in¬
terest date after live years at, 110 and interest.
See V. 76, p. 212.
Road—Owns and operates about 32^ miles of track, all of which
,
ha* been
re
laid with 70-lb
REPORT-For
rails.
ending Dec. 31.1906: Gross. $290 345; net (over
above ordinary expenses and also extra or t friary expenses caused
by strike and bycott) $$105,002; flxed charges, $59,546; dividends
(0%), $17,016; surplus, $28,440.
Officers—President, Herman Myers, Savannah; Sec. * Treas., J. H.
year
anu
Hertz, Macon; Asst. Sec. & Treas., F. D. Blood worth, Savannah.—V.
7b, p. 343; V. 81, p. 508.
MADISON, WIS.
MADISON & INTERURB. TR ACT—A trolley road.
Organization—Incorporated in Jan.. 1905, and on Sept. 1,1905,
purchased the Madison Traction Co., which was successor to the
Madison Electric Railway.
Franchises expire in 1932, 1938 and 1944
aud are practically exclusive.
STOCK & Bonds—
Date. Interest.
Outstanding.
Maturity,
Stock. $750,000 ($100)
$500,000
let mtge, $1,200,000,)
685.000
1906
5 g. M N
May 1, 1931
gold ($1,000)
c s Int. atCit. Sav. & Trust Co., Oleve
Trustee.
Bonds.—Whole issue of bonds can be called ou any Interest date at
102 and int. on 60 days’ notice; no sinking fund.
Road—Owns 16 miles of standard-gauge track, including lines In
Madison and extension to Fair Oaks, Elmside, Lake Park Cemetery and
,
South Madison.
Re PORT—Year ending Dec. 31,1906; Gross, $130,255; net, after
taxes, $60,318.
OFFICERS—Pres., F. W. Montgomery; Vice-Pres.. Dudley Mont¬
gomery; 8ec. and Treas., Warren Montgomery; Supt., D. Montgomery.
-V. 72, p.438; V. 73, p. 494, 663; V. 79, p. 501; V. 80, p. 1174; V. 93,
p.
96,156.
MANCHESTER, N. ,H.
MANCHESTER
TRACTION
LIGHT
&
POWER COOrqanization—Incorporated in 1901 in New Hampshire, and com¬
prises the several light power and street railway properties in and
around Manchester. The company took over the Manchester Eleotric
Co., which controls the Manchester Electric Light Co. aud the Man¬
chester Street Railway.
Iu 1902 the latter company was authorized
by the New Hampshire Railroad Commission to increase its stock
from $421,000 to $570,250, to fund floating debt and provide means
for new rolling stock; accordingly 995 new shares were issued at 150.
In July, 1903, $174,000 additional was authorized and In Jan., 1905,
$250,000. Total uow authorized and issued, $944,500.
In Jane, 1903, it was decided to Increase stock of Manchester Trac¬
tion, Light <fc Power from $1,650,000 to $2,200,000. shareholders
being given the right to take the new stook at par.„ In June, 1906. the
company acquired the entire $200,000 capital stock of the Goffs
Falls Litchfield & Hudson St. Ry. and issued $350,000 more stock to
pay for the same and to provide cost of improvements, etc. See V.
82, p. 1380.
In March, 1905, tire destroyed the main ear barn and over 30 oars.
Franchises
perpetual.
STOCK—
Date. Interest. Outstand'g.
Maturity.
$2,400,000
See text.
8took,$5,000,000 ($100)
1st con. mtge., $2,000,000,) 1901 5 g. A-O
1.724,000 April 1,1921
gold ($1,000)
c* $ Int. at Am. Loan & Tr. Co., Boston, trustee.
M$250 000
Lt‘ C°’l8t M*’ }
Lttcif & EL 1st M*
Goffs. F.
1897 5 K* A"°
250,000 Oct. 1, 1917
1906 5 g. J-D
200,000 June 1. 1926
gold, $300,000 ($1,00 ) S Int. at Amer. Loan «fc Tr. Co , Bust., Trust.
Bonds— Of the new 1st con. mtge.. $250,000 are reserved to retire
the bonds of the Mane. Elec. Lt Co. The remaining $26,000 are avail¬
>
able for future improvements and betterments. The Goffs Falls Lit' h.
<fe Hudson bonds are guaranteed, prin. and int., by the Manchester
Traction, Light & Power Co.
Road—Owns 37 23 miles track, standard, of which 5 94 miles second
track and 2 • 64 utiles sidings, etc.
Kails 70 aud 90-lb. f. In 1904
completed a new power plant on Merrimac River at Bow, N. H. 8ee
V.78, p. 2442. The Gotts Falls Litchfield & Hudson operates aroad
connecting points named in title, about 12 miles.
Dividends—First dlv. of 3 p. o. ou July 15. 1901 In 1902, 6 p. o. In
1903 (changed to quarterly), 7^ p. 0
In 1904, 6 p. o. Iu 1905, 6 p.o.
In 1906, 7 p. c.
In 1907, Jan., 119 p c and 1 p. e. extra
Report—Of the Manchester Street Ry. for years ending June 30:
Gross.
Net.
Inl.it tares.
Dividetuls. Surplus.
1905-06.
$313,031
$69,015
$9,694
$2,651
*(6%)$56,670
14,37»>
‘(6%) 49,l7'»
7,196
19,698
’(6%) 41,670
1,712
This is dividend on Mauclmst- r st Ry. stock.
Rt PORT—Of Manchester Traction Light & P *wer Co. for year end¬
ing June 30, 1906. gross, $348,582; nVt, $270,727; other income (in¬
cluding 6 670 as dividends on stock of Mau hester St-eet Ry.),
$58,091; interest aud taxes, $106,347; dividends (7%). $143,500;
surplus, $78,971.
Officers—Pres., William A. Tucker; Vice-Pres. aud Gen. Man., J.
Brodie Smith; Treas., S. Reed Anthony. —V. 82, p. i3S0, 1438; V. 83,
»904-05.
190^-04
.....
291,729
285,827
70,“36
63,080
“
p.
38, 96, ) 590.
1930
(Int. at Real Estate Tr. Co.. Phila., Trustee.
p. c.; Nov., 1 p 0.; in 1905, 2 p. c.; in
1906, June. 1 p. c ; Dec., 18» p. 0.
Bonds -Of the 1st mortgage bonds $111,000 are reserved to retire
bonds of like amount of Lynchburg Gas Co., due 1930.
Sinking fund
of 1 per cent per annum becomes operative in 1906; which is increased
in 1916 to 1 Tq per cent.
Entire issue can be called at any time.
EARNINGS—Yearending Apr. 30,1906, gross, $j64.«66; net, $124,660;
interest charges. $40,000; dividends, $15,000; surplus, $69,660.
Road—Owns and operates 14 miles of road in city and suburbs
OFFICERS—President, R. D. Apperson, Lynchburg, Va.; Vice-Pres.,
Chas. R. Miller, Philadelphia; Secretary and Treusurer, F. H. Shelton.
1004 Penua. Bldg., Phila.-V, 72, p. 873.
Dividends —In 1904,
&
“
Underlying Liens—
LOWELL, MASS.
,
Stock
8tock.com.,$900,000 ($100)
pf., $300,000 ($100) )
6p. 0. cum
<Mac. Ky.
Lt. 1st Con. M„ ) 1903
Maturity.
1st mortgage,
57
MANSFIELD,
OHIO.
MANSFIELD RY. LIGHT & POWER CO.-A
trolley road.
In Dec. 1 v-OG, it was reported that control had changed bauds.
Organization—Successor In April, 19u3, to the Citizens’ Electric
Power Co., which in turn was successor to the Mansfield
Ry. Light
Electric Street Ry. Owns entire street railway aud electric light sys¬
tems in the city.
City franchise runs until 1925.
Date.
Interest. Outstand’g. Maturity.
STOCK (Sc BONDS —
Common, $6*'o,000, $100.
$650,000
Prer.. $350,000,$100, 6% c
3*0,000
Citizens’
first
mortgage, J 1901
200,000 Apr.1,1923
5
$-100,000 ($500i
} Int. at Cleveland Tr. Co., Cleveland, True.
Mans. Rv.. Lt <fe Pow. gen. ( 1903
5g. A-O
742,000 Apr.1.1918
mtge., $l,00o,000, gold < Union Savings Bank A Trust Co., Cinctn($500 & $1,000)
0* C
nati. Trustee.
Bonds —Interest on the new bonds of the Mansfield Ry.. Lt. <fe Power
Co. is payable at Rudolph KleybolteA Co.’s offices. New York, Ciuoinoinnati and Chicago. $200,000 of the new bonds are reserved to re¬
tire the bonds of the old Citizens’ Company and
$58,000 for fu
....
„
acquisitions and improvements. A reserve fund of $10,000 pei
is maintained, to be used for extensions and improvements.
Not subject to call. See V 76, p. 810.
Earnings—For year ending March 31,1906: Groes. $179,938; net,
after taxes, $82,349; interest, $42,350; surplus. $39,999.
Road—Owns and operates 9 miles of track in city and an interurban
line of 12 miles to Shelby; 60 and 70 lb. T rail. 40 cars.
OFFICERS.—Pres., Leopold Kle>bolte, Cincinnati; Vlce-Pres., A. 8.
Huey, Chicago See. ami Trbas., Geo. Koehler, Cincinnati; Gen. Man.,
Sidney A. Foltz, Manstleld.—V. 78, p. 2442. V. 83, p. 1291.
Stock & B
tore
annum
MARION, ILL,.
COAL BELT ELECTRIC RY.In 1904 passed into control of the Missouri Pacific Ry. Co
STOCK & Bonds—
Date.
Interest. OuMand'g.
Maturity.
Stock, $350,000 ($100)
$300,000
Road—Operates 16 36 miles of track from Marion to Spillertown,
Pollard, Carterville am} Herrin. Standard gauge. 60-lb. j rail.
lce-Pres.; C. S. Clarke; Hen. Mgr.,
OFFICERS- Pres., Geo. J. Gould;
A. W. Sullivan; Sec., F. W. Irland; Treas., F. M. Hickman; Traffic
Mgr., W. C. Stitli; Gen. Aud., S. B Schuyler, all of 8t Louis; Supt.,
J. Burns, Marion.
MARSHALLTOWN,
I A.
MARSHALLTOWN LIGHT POWER & RY
Organization—Incorporated in Iowa in 1892. Exclusive rights till
1917. Runs electrical lighting and gas plant and electric railway.
STOCK & Bonds—
Date.
Interest. Outstand'g.
Maturity.
Stock ($500,000) ($100)
$250,000f.p
1st mortgage ($150,000)) 1893
6g.J-J
150,000
July 1, 1913
gold ($1,000)
c.* s Iut. at Ill. Tr. *fe Sav. Bk., Chloago, trustee.
Bonds— Cannot be called.
Road—Trolley track, 4 m.
Standard gauge, 40 and 60-lb. T rail.
OFFICERS-Prest., C. D Jones, Independence, la,; Sec., S. B. Hovey,
Independence, la.; Treas. and Supt., M. W. Hovey, Marshalltown, la.
MASON
Organization, Etc.—A trolley road.
33 feet wide from Mason City to Clear Lake,
line within and between two cities, 176 miles.
8tock, $200,000. Bonds (authorized), $100,000 1st gold 6s, J.-J. 15,
interest at Illinois Trust & Savings Bank, Chicago, Trustee; sinking
fund retires $3,000 yearly at 103. beginning Jan. 15, 1900, ana
amount outstanding, $79,000.
Handles all freight coming over Iowa
Central, Chicago & North Western and Chicago Great West’n railways,
between Mason City and Clear Lake. President and Gen. Manager, W
E. Brice; Secretary, F. J. Hanlon.
Owns right of way
9 miles.
Length of
MATTOON^CITY,
ILL.
.
Mtge
$1
160,000 Jan 1,1936
A Ext
^ 1906
5 g. J-J
n/in
non LiS,*i nnnm* < Int. at Colonial Tr.A Sav. Bk. Cliio., tru*t.,
000.000,
gold($l,000)o l or at National City Bank, New York.
Bonds.—The first mtge. bonds are due $10,000 annually on Jan. 1
from 1908 to 1920, inclusive; remaining $210,000 on Jan. 1,1921
These bonds a^e subject to call beginning J in. 1,1909, at 105 and int
The ref. boi ds are redeemable beginning 1916 at 105 and int. No s. f
-
either issue; $340,000 ref. bond* reserved to retire firsts.
Earnings-For fiscal year ending July 31, 1906, gross, $60,500;
net. $25,500; other Income, $13,000; interest and taxes, $28,000,
on
surplus, $10,500.
ROAD. —G» erates 14 miles of track in and between Mattoon and
Charleston
70 and 72-lb. T rail. Standard gauge
Also does elec¬
tric light and power business in Mattoon.
OFFICERS —Pres., E. A. Potter; Vlce-Pres. M. E. Sampse 1; Sec , A. W.
Underwood, Chicago; Treas., L. C Rose, Chicago.—V. 82, p 100, 928.
MAUCH
CHUNK,
PA.
CARBON STREET RY.-a trolley road.
Orgamza''ON-Incorporaied Oct. 27, 1904, and is successor under
foreclosure of the Mauch Chunk Lehighton & Slatlngton St. Ry. V. 80
1362
STOCK—
Date.
Stock, $354,000
1st mtge., $100,000.
($ 00)
Interest.
Outstand'g.
Last Div.
$354,000
1-05 5 g. A O
100,000 Apr T, 1925
I t. at Mauch Chunk Trust Co trustee.
Bowts.— Are subject to call on and after 1910 at 10s.
ROAD—12 miles completed and in operation
Officers-President, Col Harry O. Trexler; Reo. and Treas., J. M.
Drlesbach; Supt., A. H. Bowman.—V. 60, p 1362
gold)
c S
,
meadvilZe,
Operates lr>20 miles of track between Meadville and Cam
bridge Springs, forming the connecting link between Meadville and
Erie.
77bj and 85 lb. T rail.
Commenced operating Jan. 15, 1903.
OFFICf »S— President, Geo 8. Davison, Pittsburgh; Vi <e-Pres. and
Gen Mgr T. J Layton, Cambridge Springs; Secy., M F. Te1 nls, Pitts¬
burgh; Treasurer, E. H.
Bair, Greensburg. Offices, Cambridge
Springs, Pa.
,
MEMPHIS, TENN.
MEMPHIS STREET
RAILWAY
CO-
In March, 1905, Ford, Bacon & Davis and Isidore Newman A Son of
New York purchased entire stock from local interests (V. 80, n 1058)
and company was reorganized as below. Control Is now held by the
American ( ities Ry. A Light Co., which see under Birmingham.
Organization—Chartered in T. nnessee
on
March 28,1895, and
con¬
solidated with the citizens’ St.. East End Street, City A Suburban
and Memphis A Raleigh Springs lines; franchise runs till Nov. 1945
Does the entire street railway business of the city.
STOCK <3b BONDS—
Date. Interest. Outstand'Q.
Maturity
Com., $2,500,000, $100
$2,‘ 00,000
Pref., $2,500,000 5 p. o.)
T T
2,500,000 Jan.,’07,28,%
cum., $100
s
J J
Cons, mtg., $19,000,000, \ 1905
6,494.000 July 1,1945
5 g. J-J
gold (see text)
)
Iut. at Central Trust Co., N. Y., trustee.
1058,2399; V. 81,
p.
1792; V. 82. p. 628, 1438.1496; V. 83, p 33.
MERIDIAN, MISS.
MERIDIAN LIGHT & RAILWAY CO Organization—Incorporated in Mississippi In 1901 as a reorganiza¬
tion of the Meridian Street
Ry.
Light Co.
Owns and operates the Meridian Gas
Maturity.
$526,400
Pref. 6% n. c.. $400,000
163,300
Ref. mtge., $750,000, g.,) 1904 5 g. M-S
524,000 March 1, *944
($500 and $1,000). c' ) lilt, at City Bank & Tr. Co., Mobile, Trustee.
Bon ds—There was $225,000 of tirst 5s outstanding, but these (wirh
the exception of $1,000 for wl.ich a new bond is reserved) have been
deposited as collateral for the new bonds, A sinking fund of one per
cent of bonds outstanding becomes operative March 1, 1906.
Bonds
are subject; to call on 00 days notice at 105.
Earnings—Total gross for 12 months ending Dec. 31, 1906, $169,625; net, $52,732; taxes and interest, $41,669; surplus,$11,063.
Road—10 miles of track. Eleotric department operates 200 city arcs.
18,000 Incandescent lamps, 90 H.P. motors and 1.0 commercial arc
Date.
STOCK & Bonds—
Common, $600,000
Interest. Outstand'g.
.'
..
lights.
OFFICERS—PreB. & Mgr.. A. j Patersr»D, Mobile; Vlce-Pres.. W. H.
Armbrecbt, Mooile; Sec. and Treas., W. E. Terry, Meridian; General
Manager, A. B. Paterson.- V. 75, p 29; V. 78. p. 1109,1223.
MIDDLETOWN, N. Y.
WALKILL TRANSIT CO.Organization -Incorporated in New York in 1905 as successor
under forcriosure to the Middletown-Goshen Electric Ry. and the
Middletown Bloomsburg Elec. Ry. See V. 80, p 1059,1425.
STOCK <Sc Bonds—
Date. Interest. Outst'd’g.
Maturity
Stock, $350,000 .$100;
$320 750
,
,
($iou,
aPSi’oooi
a $i,uuu)
5 g
M-N
300,000
May 1,1935
£ Int. at Commonwealth Trust Co.,Harns^ burg, Trustee.
-.c
Bonds.—$50,000 reserved for future impiovements. Are subject to
105.
Road—Operates 11 ^ miles of track extending from Middletown,
N. Y., to Midway Park, Goshen, including switches, turnouts, etc.
Rails 65-lb. T except
mile only of 80 lb. girder. Standard gauge
OFFICERS—E. R. Sponslor; Vice. Pres,, H. B. Royce; See., W. H.
Sponslor; Treas
,
W. M. Oglesby.—V >-0, p. 938,1059, 1425, 2348.
MILFORD, MASS
MILFORD & UXBRIDGE ST. RY.-Trolley.
Organization. Incorporated in Massachusetts in 1901. On July
10, 1902 consolidated by purchase of entire capital stock with the
Milford Holllston & Framingham St. Ry.
Stock & Bonds—
Date. .Interest. Outstand'g. Maturity.
Stock. $440,000 ($100)....
$440,000 1903-4, ltyft
M
Holl <fe Fram. 1st
1898
M.,)
165,000
5g. J-J
Jan. 1, 1918
$165,000 ($1,000) g.c* S Int. at Am. L. & Tr. Co , Boston, Trustee.
Milf & Uxb. gold bonds, /
1902
5g. J-J
250,000 Jan. 1. 1918
$250,000 ($1,000) g. o* 5 Tnt. at Am. L. & Tr. Co., Boston, Trustee.
Notes payable Sept. 30, 1906.
195,094
Earnings For tisoal year ending Sept. 30.1906, gross, $176,590;
net, $52 467; fixed charges, $38,786; surplus, $13,681.
Road—owns 36. miles of track, from So. Framingham to Uxbridee,
and from Milford to Medway and Hopklnton.
Also controls Lake Nipanuo
Park.
OFFICERS—President, John T. Manson, New Haven. Ct.; Vioe-Prest..
J. a mis Downs. New Haven; Treas., J. E. Walker, Milford; Supt., W.
L. Adams; Milford, Mass.—V. 74, p. 1308; V. 76, p. 102.
MILLVILLE,
N.
J.
MILLVILLE TRACTION—A trolley road.
STOCK & Bonds—
Date. Interest. Outstand'g.
Maturity.
$175,000
Stock, $175,000
1st mortgage. $400,000,) 1894 5g. F-A
208,000
1914
gold ($1,000 each)—c* s Interest at Land Title & Tr., Phila., True.
“Other debts” Deo.31,’06
3^,812
Earnings—For year 1906, gross, $3 > 394; net, $6,735.
Road.—Operates 12 54 miles of track in Millville, Vineland
...
and
Township of Landis, of which 8 67 miles put In operation in 1901.
Officers.—Pres’t, George Wood; See., G. H. Thomas; Treas., Daniel
C. Lewis.
pa.
MEADVILLE
&
CAMBRIDGE
SPRINGS
STREET RY.-An electric road.
Organization —Incorporated in Pennsylvania in 1901.
Carries
passengers, mall and express. Population served, 25,000.
STOCK & Bonds—
Outstawl'g.
Date.
Interest.
Maturity.
Stock, $300,000
$3 10,000
let mort., $300,000/
1902
300,ObO
5
July 1,1932
($500)
) Int. at Equitable Trust Co., Pittsburg, Trustee
Bonds—Ar** subject to call after 20 years at 105 and interest.
Earnings—For year ending June 30.1906, gross, $45,494; net,$23,485
HOAD
p.
call after 10 years at
MATTOON CITY RAILWAY CO.-A trol’ey road.
Organization.—Incorporated in Illinois in 1902. Owns entire cap¬
ital stock of the Mattoon Light, Heat & Power Co., said stock being
deposited under the Ry. Co.’s tirst mortgage. The Power company
has no bonded debt. Franchises expire in 1924.
STOCK <Sc Bonds—
Date.
Interest.
Outstanding. Maturity.
Stock, $500,000, $100
$500,000
lstmtge., $350,000 gold s 1906
5 g. J-J
340,< 00
See text
($1,000)
o* (Int at 1st Trust & Sav. Bk.. Chic., trustee.
Ref
Maturity.
810; fixed charges, $432,8‘■‘5; snrplus, $247,925.
Road—Operates 100 miles of track in Memphis and suburbs. Rails 60
to 80 lb. T and 60 to 107 lb. girder.
279 cars.
Officers— Pres.
Gen. Mgi\, Thos. H. Tutwller: Vlce-Pres., John
H. Watkins; Secy, and Treas., w. H. tJurroughs
V 79, p. 27 -6; V. 60,
RY. CO.
Operated sinoe July, 1897.
Outstand'g.
Interest.
Date.
nd«
Cltz. St. RR. 1st M.)
1887
6 g. J-J
906.000 Jan. 1, 1916
($1,000), gold..©* s Tnt.atAm.Ex.Nat. Bk.of N.Y.andinMemp.,Tenp.
Bonds.—Of the $10,000,000 new bonds, $906,000 are reserved for
prior liens and remainder f* r extensions and improvements. They
are in denominations of $1,000 coupon and $10,000 registered.
Are
not subject to ca 1.
See V. 82, p. 628, 1496.
For calendar year 1906, gross, $1,428,935; net., $680,Ea^ni-ms
IOWA.
CITY,
MASON CITY & CLEAR LAKE
p.
[VOL. I.XXxxv,
STREET RAILWAYS
58
MILWAUKEE, WIS.
MILWAUKEE
ELECTRIC
RY
&
LIGHT-
Organization—Successor of Milwaukee Street Railway Company,
Em¬
l in foreclosure Jan. 29, 1896, per plan in V. 60, p.
1009.
braces all the street railway lines in Milwaukee, and an extensive
system ot suburban and interurban lines. Enti e onmm stock is owned
by the “ North American Co.” (See Miscellaneous Companies in Rail¬
way As Industrial Section.) The company, besides its street railway
system, owns and operates electric-light ami power works under fran¬
chises said to be exclusive; these include all the eleotrio-light
companies, among others the Edison Elec. Illuminating Co., the Mil¬
waukee Electric Light Co., the Badger Illuminating Co., the Milwaukee
Arc Light A Power Co. and the Pahst Light, Heat A Power Co.
Was
furnishing on Dee. 31, 1905, 177,580 Incandescent lamps. 5,102
h. p. In motors and 3.703 arc lights. Owns all the stock of the Mil¬
waukee Light, Heat <fe Traction Co. See its statement below.
The franchises or the company run until Dee. 31.1934.
V. 70 p. 39.
Stockholders in Jan., 19<*1, voted to increase common stock from $3.500,000 to $15,000,000, to provide funds for improvements, the addi¬
tional stock to be issued from time to time as needed
In Feb 1907, it was again proposed to lDorea-e the
See V. 84, p. 102, 221, 339.
Date.
STOCK A Bonds—
^par
$100*’ *15’000’000 £
Pref.
Outstand'g.
Maturity.
$9,000 000 In 1906, 6%
stock, $4,500,000, 6 £
p. c., non-cum., par $100
MUw. City RR. 1st mort.,
41 m., $1,000,000,gold.o*
West Side Street Ry., 1st
mort., covers 18 miles...
Milw. El. Ry. A Light Co..
Interest.
capital stock.
o.
p
£
\
VI *
1888
\
1889 5g. J-J
5g. J-D
X Central Trust Co.,
i
non
4,duu,uuu
Tan si *07 1 k
1,000,000 Deo. 1,1908
N. Y. City, is trustee.
500,000 Deo. 1,1909
<Int. at Farmers’ L. & Tr. Co., New York.
6,500,000 Feb. 1, 1926
< 1896 5g. F-A
oonsol.M.$8,000,000,g.o* (Central Trust Co., New York, Trustee.
Interest payable at company’s office, 30 Broad Street, N. Y.
Feb..
Outsi'g.
Maturity
Date. Interest.
Aext. C iy06 4A«g. J-J $3,000,000 Jan. 1, 1931
mort., $20,000,000, gold ] Trust Company of America, New York
($1,000)...
o {
Trustee.
Stock and Bonds— Consols of 1896 for $1,500,000 are reserved for
prior bonds still outstanding. These bonds and also the preferred
stock are listed on the N. Y. Stock Exchance. Of the new ref. and ext.
bonds, $8,000,009 are reserved for prior liens and $9,000,0' 0 for extens ons
acquisitions, etc , alter Jan. 1, 1907, at not exceeding
$l,00o.000 per year. Bonds subject to call on and after Jan. 1, 1916
See V. 81. p. 1724, 1792.
at 10S and interest
ROAD—Total track about 130 miles—ail trolley. Including mileage
of the Mil. Light, Heat & Tra
Co total trackage is about 270 miles
ANNUAL Report—Fiscal year ends Dec. 31.
Co. and the Minneapolis A St Paul Suburban) controls and opetates
the entire street railway system of Minneapolis, st. Paul, Stillwater and
line to Excelsior, at Lake Minnetonka.
In lb e. 190s. absorbed ttie
North Side Street Ry. V. 83 p 1472
On May -l. D 05 stockhold¬
ers
uthorized an increase in the capital stock from $20,000,000 to
$25 000,000.the new stock to be all common. At tne SiUie time the
articles of incorporation were amended so as to make the charter per¬
petual V. 80. p. 1914.
Stock <fc Bonds—
MU El Ry.A
ref
STOCK & Bonds—
1904.
1903
549,995
$2,669,847
556,688
$2,698,641
520,054
$2,558,459
472,018
$3,523,438
Operating expenses. 1,734,587
$3,226,535
1,551,463
$3,218,695
$3,030,477
1,526,910
.$1,788,851
$1,675,072
$i,676,282 $1,503,567
155,791
122,161
Lighting, etc
1905.
1906
.$2,973,443
.
$3,000,000 ($100)
Minn. St. Ry.
Co.—
.
1,592,413
{
1895
3,000,000
150,000
Nov. 1,
6g. M.-N.
600,000
Nov.
5g. J./j-J.
4,203.000
1889
1st M. on real est’e A ) 1882
6g. A.-O.
horse-car franeh
S Exe hangeable at 105
$1,797,233
$1,944,642
$1,692,965
..
1st consol. M., gold.. 1884
Cab. con., g., see text. 1887
Minn. dt St. Paul Sub.
y.—
1st M.,g.,$500,00\c* ) i qoq
$1,569,414
Out of the net of $1,944,642 for 1906, •* 509,705 was paid for interest
and $211,406 for taxes. $27<>,000 for pref. divs. (6%), $540,000 for
com. div. (5%) and $35/.344 was charged up for depreciation, leaving
Guar.by Twin City R.
T.md"§t piultSt
Minn. St
Controlled by t*
e
Ac, Light
MILWAUKEE
Milwaukee Electric
Milwaukee, Waukesha and Waukesha Beach.
Milwaukee, Racine and Kenosha.
Belle City Electrio Railway Co., operating in Raoine and connecting
with the Milwaukee Racine A Kenosha line.
Total mileage about 140 miles.
The com pany also owns the electric-light plant of the Badger Electric
Co. of Racine, the electrio lighting plant formerly belonging to the Belle
ii] m on
s
t o c k,)
o>i
aaa
Maturity
nnn
See text.
Jan. 2,193i
190' 5 g. T-J
700,000
$1,0O0 $ Milwaukee Trust Co , trustee.
Milw. Lt. Heat A Tr. )
1899
^ M _ N
4,319,000
May 1,1929
1st M. g. gu. $5,000,Trust Co. of America. N. Y., trustee.
000 ($1,000) gold.o*
Interest on Milw. Lt A Trao. bonds is payable at company’s ottice,
30 Broad st., N. Y. These bonds may be called at Llo on any interest
date. Ti*ey are guaranteed, principal and interest, by the Milwaukee
Electrio Railway A Light Company; in consideration fcr which the
latter receives the surplusinoome of the Traction Co npany; $681,000
Rao. Gas
1st M.,)
L.
$l,000.o00
g
reserved for acquisitions and improvements.
Dividends -Ten per cent per annum is being paid.
are
-
Report—Fisoal year ending Deo. 31.1906:
Gross—Railway.
“
Electrio light.
...
$30,826
$605.5s4 Other Income
96,638 ! Taxes
42,133
Interest
f 6.178
22►',404
Balance, surplus
130.917
Depreciation
$702 222
Expenses—Ry.& elec lt... 277,416
Total gross
Net earnings
$424,806
Officers and
Directors—6»me as The Milwaukee Electric Rail
way A Light Company.
General ottice, 45L Broadway,
Milwaukee, Wis.
New York ottioe.
30 Broad Street.—V. 80, p. 472, 872, V 84, p. 102.
WISCONSIN TRACTION LIGHT, HEAT &
POWER COORQANiZAT'ON—This oompany was incorporated at Milwaukee in
August, I960, with a nominal capital of $10,000 (since inoreased
to $l,00o.000),
for the purpose of uniting certain properties in
the Fox River Valley.
Secured control of the Fox River Val¬
ley Electric Ry. and the Appleton Electric Light A Power Co., and
has consolidated them,
n Sept., 1904. purchased entire capital stock
of the Fox River Valiev Gas A
Electric Light Co.
and
gua an tees
Its
bonds, principal and interest. See V. 79, p. 787, 1267.
STOCK & Bonds.—
*
Date.
Interest. O <tstanding. Maturity.
Stock. $1,00> ,000 ($100)
$750,000
5g. J-J
lstmortgage $3,000,000> 1901
1,000.000 July 1 1931,
($1,000),gold, no s. f..c* $ Int. at Milwaukee Trust Co., Mil., trustee
Fox River Val. 1st mort.) 1901
5g.
350,00 1 Apr. 1, 1921
$350,000 g. ($1,000) o.- < Merchant’s Loan A Tr. 1 o., Chio., Trustee
Bonds.—Entire Issue of Wis. Trac. L. H. <fc P. Co. bonds may be called
interest date at 110 and Interest The Fox River Valley bonds
subject to call after April 1, 1911, at 105 and Interest.
Earning —For year ending Deo. 31. 1905, gross, $218,671; net,
$107,301; fixed charges, $75 128; surplus, $3 ,173.
Road.—Operates 15 miles of track, connecting Neenah, Menasha,
Appleton and Kaukana, and 5 miles locally tn the city of Appleton;
total 20 miles. Owns electric-lighting plants in A ppleton, Neenah and
Menasha and supplies gas to Neenah, Menasha an l Appleton.
OFFICERS.—Pres.. John I. Beggs, Mllwaukets Vice-Pres., rhas. F
Pfister; See anl Treas., Henrv D. Smith, 1st Nat. Bank building.
Appleton, Wis.—V. 79, p. 787, 1267.
on
any
are
MINNEAPOLIS, MINN.
TWIN CITY RAPID TRANSIT—Cable and electric
road.
ORGANIZATION—Organized under the laws of the State of New Jersey,
Paul City
Railway Co., the Minneapolis Lynlale A Minnetonka Railway
500,000
Sept. 1. 1924
preferred to and including Jan 1,1907
First dividend of 1 per cent was paid
on the common stock in August, 1899; in 1900, 3 per cent; in 1901.
31* per cent; in 1902, Feb., 2 p. c.; changed to quarrerly and m% paid
Mav,1902; Aug., 1*4 p.o.; Nov., lki%: in 1903, 5%.; in 1904, 5%. in
1905, f>%. In 1906, 5%. In ' 907, Feb.. 1 *4%
Rond#.—The Minneapolis Street Railway Co. jointly and severally
with the Minneapolis Lyndale A Minnetonka Railway Co issued
$5,000,000 5 per cent 30-year first mortgage and first consolidated
mortgage gold bonds, of which $750,000 are held In trust by the Farm¬
ers’ Loan A Trust Company to redeem the $750,000 prior lien bonds. See
on
(1^ per cent), have been paid.
Exchange in June, 1895.
The consols
are
V. 60, p. 1149.
ilso listed in London.
The St. Paul City Railway Company has Issued $4,388,000 5 per oent
50-year cable consolidated bonds {including $680,000 held by the
t aimers’ Loan A Trust Company, trustee, to redeem the $680,000 prior
lien bonds above); limit fixed by this mortgage wa* $5,500,000, but by
the
Joint consol, mtge. of »903 no further underl.lng bonds can be
put out. V. 77, p. 22>*1
Part of these cable consols ($1,138,000 at
latest date) are guaranteed, principal and interest, by endorsement
of Twin City R. T. Co. See statement to N. Y Stook Exchange In June,
Of the first cons. mort. of the St. Paul City,
held Jan., 1902, by the Fanners’ Loan A Trust Co., to
be exchanged for the $224,000 first mortgage bonds.
The Minn SU Ry dt St Paul Cuy Ry consol, mortgage of 1903 is a
Joint issue of the Minneapolis St Ry. and the St. Paul City Ky. $3,500,000 were to reimburse Twin City Rap. Trans. Co. in part for ex¬
1895.
V. 60, p, 1150.
$234,000
were
penditures made f<»r additions to roads, plants and equipment. $1,OOO.OoO were reserved <$a34.000 of this amount have been is¬
sued) to retire the joint general mortgage of 1901, which the
new mort. binds the company to pay at maturity
Rest reserved for
new construction, additions and improvements at 90 p. o. of oost.
Guaranteed as to principal and interest by Twin City Ran. Tr. Co.
(Hee V.
7, p. 2281 and 2340). No underlying bonds oan be extended,
but must be paid off at maturity.
Road—Consists of 354.41 miles of standard-gauge road. Inducting
three interurban lines oonneottng the business centres of Minneapolis
aud 8t. Paul, an Interurban line of V2 mtleR connecting 8t. Paul and
Stillwater, ana a line to Excelsior, at Lake Minnetonka.
On the principal streets of the oities 80-lb. T rail with welded joints
aud imbedded in concrete was used.
S't<foment with, Oily of St. Paul.—For
new lines in St Paul, see V. 79, p. 271,
decision as to right to build
2087, and for settlement, with
city of St Paul by whloh the city relinquishes its right of appeal from
this deoision and the oompany agrees to pay into the city treasury a
gross earnings tax of 6 per . ent See V. 80, p. 1175
Power.—The company leases water power at St. Anthony’s Falls
(capacity 10,000 h. p.), which power is now used in cor-junction with
powet generated at new steam power plant to run the entire railway
system in both oities. See V. 64, p. 704.
Annual REPORT—Fiscal year ends Deo. 31. Report for 1905 was In
V. 82, p. 565, showing results on the entire property as follows:
1906.
Receipts from passengers
Receipts from other sources
Insurance..
1905.
1904.
$5,592,079 $4,733,335 $4,269,408
52,909
25,927
38,672
......$5,644,988 $4.759.*62 $4,308,080
$2,424,857 1,9-8,197 $1,744,034
Total receipts
Operating expenses
..
injuries and damages
48,000
4«,0c)0
48,000
152,522
122,948
165,001
$2,625,379 $2,119,145 $1,957,035
Total operating
Net earnings
Interest and taxes
Dividends on 7 p. o. pref.
Dividends on common
..$3 019,609 $2,640,117
1.137.427 1.0 >0.797
210,000
stock....
210,( 00
$2,299,927
Total
$2,351,045
$911,003
210,000
(5%)952,500<5%)881,3S8(5%)825,550
Balance, surplus
*$719,682
*
In 1906. $482,000 was appropriated from
funds, against *340,0r>0 in 1905.
$1,946,553
*$497,932
$404,492
this amount for renewal
$2,142,185
Officers-Bros.. Thomas Lowry; Vice-Pres and Managing Director,
Seo. and Auditor, E. S. Pattee; Treas., E. a Crosby;
.1 Hield.—V 81. p 1667; V 82, p. 511 565, 1269,
1380; V. 83, p. 437, 1472, 152*; V. «4. p. 392.
C. G. Goodrich;
Gen. Man., W.
MOBILE, ALA.
& RAILROAD—Trolley.
Organization—A consolidation on Sept. 1,1901, of the Mobile Light
ARK. and the Mobile Street RR.; the franchises of both companies
were extended on Sept. 12, 1901. to March 12, 1955. See V. 73,p. 616.
Date. Interest. Outstanding. Maturity.
STOCK & Bonds—
MOBILE
LIGHT
Stook, $2,250,000, par $100
$2,250,000
1897 5g. J-D
400,000 June 1.1937
gold ($1,000).. J< jnt
at parna> Loan A Trust Co., N. Y.
Mobile St. RR. 1st mortgage, $ 1893 6g. M-N
300,000 May 1, 1923
gold, $350,000
o* * Farmers’ Loan A Trust. N. Y., Trustee.
Interest at Nat. City Bank, New York.
,
June 3, 1891, and by virtue of its stock ownership of the underly¬
ing companies (to wit: The Minneapolis Street-Railway Co., The St.
Oct. 1, 1934
Jan. 15. 1937
gen.
statement to N. Y. Stock
Ry. Co., operating between
City Electric Railway Co. aud the Racine Gas Light Co
Date.
Interest. Outstanding.
STOCK & Bonds—
456,000
3,708.000
5 *“*• atCenU-alTniat Co., N. Y„ Trustee,
Dividends—All dividends
Milwaukee and the town of Wauwatosa.
North Greenfield A Waukesha Electric Railway Co., Waukesha Beach
Electrio Railway Co., Waukesha Electrio Railwav Co., operating be
Co
^
Apr., 1, 1932
outstanding stock $20,100,000.
.
Milwaukee Racine A Kenosha Electrio
5g. J./j-J.
224.000
for 1st consol.
offered to shareholders at par (see V. 80. p 2400), and in .June, lu0d,
$2 100,000 additional at par (see V. e-2, p. 1269)
This last makes
Co.
LIGHT HEAT A TRACTION COMPANY.-Incor
porated December, 1896. The capital stock, all owned by the Milwau¬
kee Electric Railway A Light Co was increased b^ $500,000 In F^b
1905, to $1,000,000. In Feb. 1907, it was proposed to make a new
mtge. for refunding and extensions. See V. 84, p. 102.
The Traction Company owns and operates the rollowing properties—
all trolley roads:
Milwaukee A Wauwatosa Motor Railway Co.,operating between
tween
Joint issue
Ky.
.
dt St. Paul
6g. A.-O.
Jan. 15. 1919
City Ry.—
M., $1,- > 1901 5 g. J - J
66^,000 Jan. 1, 1911
000/ 00 ($1,000) gold c s Int. payable at Cent’l Tr. Co. N. Y., trust.
Joint oon. M $10,000,-> 1903 5 g. A - O 6,014.000
Oct. 1. 1928
000 ($1,000) c.* gu p.&i. s Central Trust Co. of N Y . Trustee.
All bonds are for $1,000 each, and, with the exception of the Minn.
A St. Paul Sub. Ry. and the two joint issuesjof 1901 and 19 Jo), interest
at Farmers’ Loan A Trust Co., N. Y.
Stock— In May, 1902, stockholders were given at par $1,501,000
additional stock (V 74, p. 1039), and in June. 1905, $1,000 00 • was
surplus bal. of $161,127.
Dividend—Regular quarterly dividends of m p. c. have been paid on
tlie.pref. since Fel».. 1900. On the common stock in 1903, 4 p. o.; in
1904, 4 p c.; in 1905, 5 p. o.
Officers—President & Gen’l Mgr., John I. Beggs, 1st Vice-Pres.,
Wm. N. Cromwell, 2d Vice-Pres., C W. Wetmore; Secretary, Silas W
N. Duffy; Ass’t
Burt, New York; Treas., Geo. R. Sheloon; Auditor.
8«-c. & I'reas., Frank B<»ehm.
N Y ottice, 30 Broad St., N. Y. City.—
V. 82, p. It 0; V 84, p. 102 221, 339.
a
Companies*
1910
1, 1913
gold,
$5.000.000
...o*
St. Paul City Ry. Co.—
65,847
66,6f3
Jan.,’07,1*%
7g. M.-N.
,
Net earnings
Other income
Feb.,’07,1*4%
$-0,100,000
7 Q.-J.
1raariy.” re<1 atl05 j 1880
2d mort., gold...e\tr 1883
1st consol, mort.
Gross earnings
4son i no non
^
\
Maturity.
Outstanding.
Interest.
Date.
Twin City Rap. Tran.—
Common stock,$22,- £
000,000; par, $100
Preferred stek, cum
,
Calendar year—
Gross railway
59
STREET RAILWAYS.
1907.]
1st.mnF.„OBa
mortgage,
STOCK & BONOS
Date. Interest. Outstanding.
-
Maturity.
Consolidated mortgage, gold $ 1901 5g. M-8 1,360,000 rtept. 1,1941
($1,000), $2,250,000
c't lilt, at N Y Trust Co., N.Y.. Trustee.
Bonds—Of the $2,250,000 mtge., $700,000 reserved for prior liens.
Latest Gross E armings-For 12 months ending Dec. 31, 1906,
$554,471: in 1905, $482,142.'
Road, ETC.—Owns 44 miles of track in Mobile and extensions to
Magazine Point. Spring Hill, Whistler aud Monroe Park. Company
also owns “Monroe Park” and water power and 320 acres of land;
Officers—Pres, aud Mgr., J H. Wilsou; Sec, Z E Watson; Treas.,
V 61, p. 282; YT. 72, p. 989, 1080; V. 73, p. 236.
287,554,610.
V
C. White Hpiinner.
MONMOUTH, ILL.
RAILROAD
ROCK ISLAND SOUTHERN
CO-au electric and steam mad.
NASHVILLE, TENN.
NASHVILLE RY. & LIGHT CO--a trolley system.
Organization—Incorporated m Tennessee. Is a reorganization on
June 26, 1903, of the Nashville Railway Co., sold under forclosure of
the latter’s 1st consol, mortgage. The Nashville Ry. was a consoli¬
dation in 1900 of the Nashville Street Railway, the Nashville & Sub¬
urban and the Citizens’ Rapid Transit. All the stock of the Cumberland
Light & Power was owned and in July. 1903, this company
Power Co. Includes
Also controls the Union Light
all the street railways in Nashville.
Franchises perpetual. In Nov.,
1906, the new $15,000,000 mtge. was authorized. V. 83, p. 1229.
STOCK & Bonds—
<
Date.
Interest. Outstand'g.
Maturity.
$4,000,000
Common, $4,000,000...
Prer., 5% cuiu., $2,500,000. . .
2,500,000 Jan.,’07,2^%
J-J
Citizens’Rapid Transit 1st > 1890
6g. J-J
60,000 July 1,1910
Electric
was
Organization—Incorporated in Illinois under the steam railroad law
April 25,1^05. Has private right of way between cities. Mason,
Lewis & Co., Chicago and Boston, offered the bonds for sale in Jan.,
on
1907.
Dale
STOCK & Bonds—
Interest. Outstanding.
Maturity.
Stock, $3,o()0,OOi»
.
.
$50",00<>
1st mort, $2,500 000, t
5 g. J J
400,000 Jan. 1, 1947
1907
gOid ($1,000;
hit. at Amer.Tr (V Sav. Bh. Chicago.Trustee.
B oiuts—Additional bonds may be issued only fir 60 p. c. of cost of
..
property during construction and 25 p. e additional wnen net earn¬
are one and one-half times interest on bonds issued and to be is¬
sued
Bonis are subject to call alter 5 years at 105 and int. See V.
84, p. 104
Road—Is building a road to connect Monmouth
and Rock Island. The section from Monmouth to
Walsh,
Officers -Pres., M. A
.
Galesburg, Moline
MONTGOMERY,
MOUNT
above
charg^s.and dlv. on preferred
In 1907. Jan., 2^ p. c.
Year endingDec. 31, 1906: Gross, $1,395,234; net, $689,450; interest and taxes, $481,980; surplus. $207,470.
ROAD—Operates about 72 miles of track. Has been changed from
ALA.
p
0.
RAILWAY
CO.-
OFFICERS—Pres, and Mgr., Percy Warner; Vice Pres., J. H.
& Treas., H. C. Walters.-V. 83, p. 38, 156. 213, 3 1 4, 1099,
$62,162
Road - About 18 miles of track from
and Hdinesport, to Mooreslowu.
$62,798; in 1905, gross,
Burlington, through Mt. Holly
Officers.—Pres’t, J. K. Rougher, Phtla.;-Vlce-Pres., W111.
C. Parry,
Hainesport, N. J.: Seo’y.John H. Gilbert, Hainesjiort, N. J.; Treas.,
Win. Kuemmerie Jr., Phlla.—V. 74. p. 3138; V. 79, p 785, 2L6.
railway, gas and electric.
Is controller! by southern Electric Securities
the stock and $266,600 of the bonds are pledged
of that company.
V. 79. p. 104.
&
TRACTION
CO.-A
Organization—Incorporated in Louisiana in 1903, and is a consoli¬
or the Natchez Electric Street Ry. & Po* er Co., the Natchez
Light, Power & Transit Co. and the Natchez Gas Light Co. Gas fran¬
chise perpetual; street railway and electric lighting franchises expire
Does the entire street railway, gas. electric lighting and
In 1949.
power business of Natchez. Has contract wii h city for sti eet lighting.
STOCK db Bonds.—
Interest.
Outstanding.
Maturity.
Date.
Stock, $500,000, $100
$456,700
^niwinn) 1903
5 g. A 015
340,000
Apr. 15,’33
[ Int at Inter-State Tr. & Bkg. Co., New Orleans,
o ^
gold ($1,000).
Trustee. or at First Nat. Bank. New York.
Bonds—# 160,060 are reserved for betterments and exienslons. Are
subject to call on or after April 15. 1906, at 105 and interest. See V.
dation
76. p.
108e.
Earnings For 12 months ending Mar.
Included): Gross, $94,2-'7; net, $30,080
Road—Operates about 7 miles of track
Organization—Incorporated in New Jersey on Aug. 30. 1906, and
is successor to the Citizens’ Ry. & Light « o„ which controlled"
the
gas. electric light and street railway business of the city.
V. 83, p.-
OFFICERS—Pres., L. H. Dinkins, New Orleans; Vice Pres.. Sol Wexler,
Orleans; Necretary, Alex. Allison, New Orleans; Treas., A. G.
Cam k bell, Natchez.-V. 76, p 1086: V 7R. p. 104.
NAZARETH, PA.
SLATE BELT ELECTRIC
Date. Interest.
Outstand'g.
$600,000
Maturity.
3 1902 5g. A-O
400,000
Apr. 1, 1917
> Int. at Cleveland Trust Co., Cleveland,
) Trustee, or at Nat. Bk. of Commerce, N. Y.
425,000
Sept. 1,1926
j 1906 5g. M-S
S Int. at Mich Tr Co.. Grand Rapids, Trus.
Bonds.- of the new $1,000,000 issue. $4007000 are reserved forprior
liens ami $175,000 for future imp) ovemo»ts. They are subject to call
at any time at 105 and interest.
See V. 83, p. 1171. The Cit. Ry. &
Light Co. bonds aie subject to call on any interest date at 110 and
Interest.
A sinking fund, commencing In 1907. consists of a sum
sufficient to retire $15,000 bonds yearly at 105 and int
Earnings-For calendar year 1905, gross. $128,127; net, $48,746.
Road—Operates 10^ miles of true a. 70 lb. T rail Standard gauge.
An extension of
miles is proposed.
Officers— President, Ernest A. rstowe; See., Howard A. Thornton;
Treas., Ralph S. Child. Mgr.. A. L. Lindner.—V. 83, p. 1171.
.
Stock. $360,060 ($50)
$*60,0-0
1st mtge. $360,000, gold) 1899
5 g. J-D
3*0,000
($1,000)
c&r s Int.at Leliigh Val.Tr A 8.D.C0.,
Bonos—Are subject to call alter 5 years at 105
$15,795; fixed charges, $10.7*8; surplus,
Road Operates 18 miles of track from
LIGHTING CO.
acquired by the American Light &
Organization - Incorporated in Michigan on March 1, 1901, and is
a consolidation of the street railway, electric light and gas companies
of the city.
Has ten-vear contract from 1901 for city street light. In
Dee., 1905, street railway franchise extended until Jan. 19,1931, and
the gas franchise for 5 years. See V. 81, p. 1724.
Stock & Bonds—
Date. Interest. Outstand'g. Maturity.
Stock, $600,000 (♦100)
$600,000
Preferred, $100,000,8% euro. ..
6
63,000
Se■ text.
First, mort inure
™
gout
non?’
(♦l.uoo)
♦GOO 000
’
600,000 Mar. 1,1931
) 1901 5 g. M-S
Interest at Wyoming Valley Trust Co.,
>
’>
Wilkesbarre, Pa„ Trustee.
Bonds-May he called after ten years at 105.
Dividends—On preferred stock, in 1902, 6 p. c.; in 1903, 6 p. 0.; in
1904, 6 p. c.; in 1905, b p. o.: in 1906, 6 p. c.
Road.—Owns 15 miles of road and serves as a terminal for the Grand
Rapids Grand Haven & Muskegon Ry., whioh operates 40 miles of track
between points indicated in the title.
Officers.—Pies., H. C. Abell; Vice-Pres., Emerson MoMillin; Sec.
and Treas., David D. Erwin, Muskegon.—V. 81, p. 1724; V. 82, p. 49.
1929
Allent.,Trust.
$44,586; net,.
$5,007.
Nazareth to Bangor. 67-lb.
9 cars.
Officers—President, G. A. Schneebeli; Secretary, R. B.
urer, C. A. Wolle; Manager, Geo. H- Wolle.
Keys; Treas¬
NEGAUNEE, MICH.
MARQUETTE COUNTY GAS & ELECTRIC
CO. a trolley road.
Organization —Incorporated in Maine on Nov. 19, 1906, as a
reorganization of the Marquette County Gas LlKbt A Traction Co.,
sold under foreclosure.
Stocks & Bonds
V. 83. p. 1037.
-
Stock. $756,000 $100
lsi Mtge. $750,000 gold)
Date.
Interest.
1907
f.
g
5
J-J
Ontstand'g
$7 -0,000
300,000
Maturity.
Jan. 1. 1932
s Int. at First Tr & Saw Bank, Chic., Trustee.
Bonds—Of lie $750,000 authorized. $450,000 ure reserved for ex¬
tensions and Improvements
A si»kiug fund of 2 p. c. of bonds out¬
standing begins in 1912. Bonds are subject to call on any Int. date
($1,000)
.
at 105
Road—Operates 413 miles of track, and also does gas and electrio
light business.
Officers—Pres , John B. Sears; Seo. aud Treas., \Y. W. Wood, 226
La Salle St., Chicago.—V. 83, p. 1037, 1590.
NETHERLANDS (HOLLAND).
MUSKEGON, MICH.
MUSKEGON TRACTION &
In Jan., 3906, entire stock wan
Traction Co.
V. y2. p. 49.
ST. RY.- A trolley road.
ORQANIZATION—Incorporated in Pennsylvania on Feb. 14. 1899.
Wa* formerly leased to the l^ehigli Valley Traction Co. but lease can¬
celed on Mav 10, 1904, owing to default In payment of rental.
Stock & BONDS
Date. Inte/est. Outstand'g.
Maturity.
1171.
STOCK db Bonds—
$600,000 ($100)
Cit. Ry. & Lt. 1st mortgag*-.
♦400,000, gold
($500)
..c*
New mort
$1,000,000,
gold ($1.0091
c*
31, 1906 (Gas Light Co. not
New
rail.
trolley roan.
Stock.
CO.-Street
Co. and $340,000 of
under the mortgage
Earnings-For fiscal year ending June 30.1905, gross,
MUSCATINE, IOWA.
MUSCATINE LIGHT
Fall: Seo.
1229.
MISS.
NATCHEZ,
SOUTHERN LIGHT & TRACTION
-
EarnioQS—For calendar year 1906, gross,
Extensions planned.
broad to standard guage.
Trolley
Organization —Is a consolidation in August, 1904, of the Burling
ton County Traction Co , the Mount Holly Street Ry. an 1 the People’s
Traction Co.
V. 79. p. 785.
Franchises are for 99 years from 1902.
Bonds.-Date
Interest Outstanding.
•STOCK
Maturity.
Stock, $550,00o ($100)..
$484,790'
1st mtge., $550,000, gold ) 1904
Sept. 1,1934
5g. M S
4 5,000
(♦500 & $1,000)
c’ \
Int. at Mt. Holly ♦. 1>. & Trust Co., I rus
Bondi.
♦75.000, reserved for extensions. Bauds are not subject to
V. 74. p.1307.
stock—2*3 p. c.—was paid
2^ p. c. July 10, 1905. In
EARNINGS
HOLLY, N. J
COUNTY
surplus
stock; bonds to be kept alive in
sinking fund.
Dividends.—The first dividend on pref
Jan. 3, 3905, anu 2*2 p c. May 1, 1905, and
1906, 5
v. 84, p. 52,104.
MONTGOMERY TRACTION CO.-A trollev road
OmGANiZAMOn—Incorporated in Alabama. Is a consolidation on
April 13, 1906, of tile old Mongomery traction Co., the Montgomery
St. Ry. and the Suburban Ry. C >.
V. *2, p. 92Was granted a
new franchise in April. 1906.
V. 82, p. 92 *.
STOCK & Bonds—
Dote Interest. Ouislind’g.
Maturity.
Stock, $2,000,000 ($10(»)
♦443,000
1st mtge.$2,000.000($l,000) > 1905 5g. A O
3,540,000 April 1. 3955
gold, s. f
c' i Int. at Real Kst. Tru*t Co., Phlla., Trust.
Mont. St. Ry. 1st mortgage S 1893 6 g. F-A
350,000
1923
$350,000, gold
> Int. at Farmers’ L. *v. T. Co . N. Y.. Trus
Bonds- Of the Mom. Trae. Co. bonds, $350,000 are reserved for
prior liens.
A sin king fund of 1 p. o. of bonds outstanding com¬
mences in 1911 and runs to
1920, thoieafter 2 p c per aunum.
Bonds are not subject to call.
Road—Operates about t 1 miles of track In Montgomery and to
Pickett Springs. Standard gauge; 70 lb. T and 95-lb. girder rail.
OFFICERS—Pres , R. I). Apperson, ^ynchburg; Vibe Pres, and Treas.,
Chas. R. Miller. Philadelphia; See , a. r. Powell: Asst. Sec., A. B.
Mclntire; Gen. Mgr., W. H. Ragland.-V. 81, p. 1792; V. 82, p. 929.
BURLINGTON
0
000 gold
$
Bonds—Of the $6,000,00o issue, $1,890,000 are reserved for prior
liens.
Are subject to call after 5 yearsat 107Lj. Sinking fund, $30,000
per annum, commences July l, * 914, but only if company has a
Galesburg, 16 miles,
Is operated by elecrlcity ior pas¬
has been completed. 75-11). rail-*.
sengers and by steam for freight.
merged.
M., $100,000, gold.
) Int. at Trust Co. of Nor. Am., Philadelphia.
6 J-J
65,000 July 1,1926
MeG.AMt.V.HorseRR.lstM. 1886
485.000 July 1,1937
6 J-J
Do 2d series
1887
99,000 J an. 1, lol7
6 J-J
Nashv. <fe Edgefield 1st M...
18*9
274.000 Jan. 1.1920
Consol, mort., $400,000
1887-8 6 J-J
Nashville St. Ry. consol. M. > , QO- _ J-J
907,000 Jan. 1,1925
$2,000,000, gold $1,000.. \
°
4,054,000 Julyl,1953
Nash. Ry. <fc L’t consol. M., ( 1903 5 g. J-J
$6,000,000, gold ($1,000), < Int. at Guaranty Tr. Co., N. Y„ Trustee,
and at New Orleans.
sinking fund
c* C
Nash. Ry. & Lt. $15,000,-)
*
ings
call.
|VOL. LXXXIV.
STREET RAILWAYS.
60
NETHERLANDS TRAMWAYS CORPORA¬
TION.—An electric road.
Organization—Incorporated in Connecticut on December 11, 1902.
Owns the entire issue of oapital stock (600,000 guilders), of the Eerste
Nederlandsclie Electrische Tram Maatschappy (First Nether!and Tram
Company), which owns all of the street railways in the city of Haar¬
lem, Holland, with the exception of 2 miles of horse railroad, and a
lino to Zandvoort, on the North Sea, the second largest Dutch seaside
resort.
The Netherlands Tramways .Corporation also owns the entire cap¬
ital stock
of
the Electrische Spoorweg
Maatschappy, whioh
Is
operating, under concessions from the Government
of
the
Netherlands, a donble-track electric railroad from the. eon tor of Am¬
sterdam
to Haarlem, a distance of about 12 miles, thus com¬
pleting a through line from Amsterdam to Zandvoort. The bond
Issue of this company. 3,000.000 guilders, 4% ($1,200,000). was all
Elaced
and is ownedTramways
In Holland,
its stock was
subscribed
for atof par
y the Netherlands
Corporation,
the present
owner
the
stock, and the coat of the real estate, franchises and construction of
double-track road from Haarlem to Amsterdam has been defrayed
partly by the sale of the company’s bonds above mentioned and
by sale of Its stock to the Netherlands Tramways Corporation.
partly
■WiUBltM'Id-
Date. Interest. Outstanding.
Stock & Bonds—
$2,000,000
Common, $2,000,000 ($i00)
Pref, 5 p. o.,cum.,$1,500,- >
1,500,000
000 ($100)
S
Eleo. Spoor. Maatsohappy i
3,000,000
4J-J
mtge., 3,000,000 gull. > 1903
guilders
($1,200,000), 1,000 gull. )
Maturity
£
Jan. 1, 1953
Ponda-Bonds are subject to call after December, 1905, at par.
The Eerst Ned. Tram El. Maatsohappy has an issue of 695,000 guilders
($278,000) bonds outstanding.
ROAD—Owns 6 8 miles in City of Haarlem; 1*8 miles, Haarlem to
Bloemendaal and 6-6 miles double track, or 13‘2 miles single track
from Haarlem to Zandvoort, 12 miles double track from Haarlem to
Amsterdam; total, 45-8 miles.
OFFICERS—Pres., Henry J. Pierce, Buffalo: Vice-Pres., G. L. Boisse-
vain, New York; Secretary, W. Paxton Little, New York; Treasurer,
Edwin Henderson, New York; Fiscal Agents, Kean, Van Cortlandt &
Oo., New York.— V. 76, p. 331.
NEWARK, N. J.
PUBLIC SERVICE CORPORATION OF N. Jrailway, gas and eleotrio.—(See Map on pages 64 & 65 )
Organization—Incorporated in New Jersey ou May 6, 1903, and is
a consolidation of the North Jersey Street Ry. Co., the Jersey City
Hoboken A Paterson Ry., the Elizabeth Plaintield & Central Jersey
Ry., the Orange A Passaic Valley Ry. and the United Eleotrio Co. of
N. J., the stockholders in those companies being given certificates
described below in exchange for their stock. Holders of these trust
certificates (as also shareholders of the four leased properties) were
accorded the privilege of subscribing at par for Public Service stock
to amount of one-sixth their holdings.
See plan in V.76, p. 865, and
also p. 1249. The Fidelity Trust Co. of Newark financed the trans
action. Leases the Essex A Hudson Gas Co., the Hudson County Gas
Co., the Paterson A Passaic Gas A Electric Co., the South Jersey Gas
Electric A Traction Co., the South Orange A Maplewood Traction,
the Orange A Passaic Valley Ry., the Somerset Union A Middlesex
Lighting Co., the Camden Suburban Ry., the New Brunswick Light,
Heat A Power Co., the Gas & Electric Co. of Bergen County, and the
Elizabeth A Raritan River Street Ry.
Also owns entire capital stock
of the Middlesex Eleotrio Light A Power Co. Controls practically
the entire street railway business of Northern New Jerseyr and the gas
and lighting Interests of the greater part of New Jersey.
In April, 1906, the $6,250,000 notes given below were issued
to finance the
The
company’s needs duriug 1906 and 1907.
notes were underwritten by Robsrt Winthrop A Co. and the United
Gas Improvement Co.
V. 82. p. *70.
Tunntl Connection with yew York— In April, 1906. plans were con¬
summated between this company and the Pennsylvania RR. for a
high-speed electric line from Newark direoc to the New York terminal
of the latter company. This would obviate the necessity for the ouilding of tunnels by the Public Service Corporation. See V. 82, p 988.
Lower Rales to Consumers for Lighting Serri e— In Nov.. 1906,
notice was giv»n of contemplated reductions in rates for electric
light and gas. V. 83, p. 1229.
Date.
Interest. Outstanding. Maturity.
Stock & Bonds—
$12,500,000
Stock, $25,000,000 ($100)
S
1903 See text.
19,677,570 Perpetual
Trust certfs., $20,200,000
\ Fidelity Trust Co., Newark, Trustee.
1
1904
5 M-N
7,2*0,000 Nov. 1/09
Collateral trust notes,$7,2 Fidelity Trust Co., Newark, Trustee.
250,000 ($1,000)
c* (
Interest at Robert Winthrop A Co., N. Y.
i
1906 5g. M-N
2*0,000 Mov. 1/09
Conv. notes, $6,250,000
< Fidelity Trust Co., Newark, Trustee.
gold ($1,000)..
C* t Int. at office of Rob’t Winthrop A Co., N. Y
Stock and Bonds.—$2,500,000 additional stock was Issued in April,
190*, making $12,500,000 outstanding, all paid for at par in
cash, and hy-isws of the company are made to provide that the
remaining $12,500,000 is also to be Issued only for cash at not less
than par/ The trust certificates bear 2 per oent interest (dating from
June 1,1903) the first two years, 2^ per oent the third year, and in¬
creasing by ^ per oent each following year until 6 per cent is reached
in the tenth year, which is to be the rate thereafter. Interest is
payable May and November. The Fidelity Trust Co. of Newark in
January, 1905, offered $2,000,000 of these certificates at 110 and
endorsed upon them its agreement It pay each year up to 1912 an
additional amount of interest to bring the aggregate stipulated rate
of interest immediately up to 6 per cent. 8ec V. 80, p. 164. The fol
lowing showB the terms upon which the stocks of the constituent com
panics were exohanged for the truBt certificates. The stocks acquired
are pledged as seourity for the trust certificates.
Total
Total
stock.
deposited.
$
$
Total
ctfs. if all
New stock exch.
certif.
$
North Jersey Street Ry
15,000,000 14.251,800 40 p. o. 6,000,000
Jersey City Hoboken A Pat¬
erson Street Ry
.20,000,000 19,827,000 35 p. c. 7,000,000
Elizabeth Plaintield A Cen¬
3,000,000
Oran ge&PassaicVal.Ry. Co. 1,000,000
Jersey Ry. Co
3,000,000 30 p. c.
918,700 30 p. o.
900,000
300,000
6,000,000
20,000,000 19,539,300 30 p. o.
United Electric Co
.20,200,000
Total
The trust deed provides that the stocks pledged shall not be used so
inorease the oapltal stock of any of the companies, nor to oreate
any new liens upon the respective oompanies except to take up exist¬
ing debt of any snob company or of underlying or subsidiary oom
as to
panics.
The collateral trust notes of 1904 in table above were sold in October,
1904, to Robt. Winthrop & Co., J. & W. Sellgman A Co. and Lee, Higginson A Co., and were issued to provide rands for extensions, im¬
provements, eto. V. 79, p. 1956, 2457. They are subject to call on
any Interest date at 1021a and interest. The following bonds of sub¬
sidiary oompanies have been deposited with the trustee as collateral
tor these notes:
North Jersey St. Ry. Co., 4 p. o. 50 year bonds
$7,230,000
J. C Hob. & Pat. St. Ry. Co., 4 p. o. 50-yr. 1st mtg. bonds.. 1,284,000
Co.
United Elec.
of N. J., 4 p. o. 50-yr. 1st mtg. bonds
683.000
Somerset U. A Middlesex Light Co., 4 p. o. 40-yr. mtg. bonds.
507,000
Eilz. Plain. A Cent. Jers. Ry. Co.. 5 p. o. 50-yr. mtg. bonds...
154,000
5 p. c. 40-yr. bonds
83,000
Central Electric Co., 5 p. c. 40-yr. cons, mtg.bonds
20,000
Somerset Lighting Cm, 5 p. o. 1st mtg. bonds
21,000
So. Jersey Gas El. A Tr. Co.,5 p. c. 50 yr. 1st mtg. bonds .. 1,507,000
Eliz. A Rar Riv. St Ry. Co., 5 p. o. 50-yr. gen. mtg. bonds..
19,000
The convertible notes of 1906 are convertible at option of holder on
May 1,1909, into stock of the company at par.
Leases.—In the following we show the companies held under lease
by the Publio Service Corporation, with the annual dividends ealled
Orange A Passaic Val Ry. Co
for
on
the stocks of such
Company—
Essex A Hudson Gas Co..
Hudson County Gas Co... ...2
Paterson & Passaic Gas &
Electric Co.... "
...1*
: &
...3*
,
companies.
1st yr.
Annual Rental—Dividends Guaranteed.
■>
2d. 3d. 4th. bth. 6th. 1th. 8th. Thereafter.
a*
8%
8%
8%
8 yearly.
6%
*
8
8
3
7
&
2
2H
8*
4
4*
5
7
8
1
Elisabeth Plaintield A < entral New Jersey
Orange A Passaic Valley
Somerset Union & Middlesex Li»rhtin*r.
Camden A Suburban Railway
Elizabeth A Raritan Ktver Street Railway
New Brunswick Light, Heat * Power Co
Gas <& Electric Co. of Bergen County
|
) See those companies.
|
I
J
'EARNINGS OF UNITED ELECTRIC CO. OF NEW JERSEY.
12 moi. to Jon. 31—
Net.
Interest.
Gross.
Bal.,sur.
$832,876
744,264
$2,065,730
1,854,305
1903-4
1902-3
$736,971
698,533
$95,905
45.731
EARNINGS OF STREET RAILWAY PROPERTIES.
Calendar year 1905 —
oper Expen
Nst.
Gross.
Publio Service Corporation
$419,460
$1,548,7 8 $1,12R/268
North Jersey street Ry
2,132,-38
3.009,179
5,141,917
J. City Hoboken A Paterson Ry.
1,486,046
873,852
2,359,**98
61 755
24,207
Bergen Turnpike Co
85,962
..
.
Total
$9,136,505
$5,686,248
$3,450,257
Road—Comprises 6'2-613 milesof street railway track in New Jersey,
Officers—President. Thos. N. McCarter; Vice-Presidents, Albert B.
Burleigh and Charles A. Sterling; Secretary. Frederic
Evans; Treas., Jas. P. Dusenberry; Comptroller. Peroy S. Young;
Gen. Auditor of St. Ry. Dept., M. R. Boylan.—V. 81, p. 778,899, 976;
V. 82, p 281, 393, 806, 870. 988; V. 83, p. 1229.
Carlton. John J.
—Street
tral
61
STREET RAILWAYS.
Feb,, 1907.]
8
8
8
North Jemey Street Ily. Co,
Organization—In January, 1898, the North Jersey Street Railway
absorbed the Newark A South Orange, 18 miles; in May, 1898,
leased the lines of the Consolidated Traction Co. tor 999 years.
V. 66,
p. 664, 955, 1141
In Feb., 1902, decision affirming the validity of this
lease (V. 74, p. 380), was given, but case was appealed
V. 74, p.
428.
Lease again upheld Feb., 1903. V. 76, p. 382.
On Sept. 29.
1903. leased in perpetuity the South Orange A Maplewood Traotlon
Co., for terms of which see V. 77, p. 824.y
Right to Tax Fra>ntiisc—in Jan.. 1902, the New Jersey Court of
Errors and Appeals decided that the Local authorities could not tax
the company’s franchises. V. 74, p. 281.
Miles. Date. Interest. Outstanding.
BONDS—
Maturity.
M.f $15,000,-)....
1898 4g. M-N $15,000,000 May 1, 1948
000,
g., $1,000 >
Manhattan Tru*t Co., N. Y., trustee.
each
'
)
Interest at Fidelity Trust Co., Newark, N. J.
Other debts Deo. 31, 1905
$3,051,137
1st
Road—Owhs and operates 252 60 miles of track.
-V 75, p.
Has 800 oars.
394, 1087; V. 76, p. 382; V. 77, 824.-
(1) CONSOLIDATED TRACTION OF NEW JERSEYOn June 1, 1898, North Jersey Street Ry. assumed control under a
999-year lease. V. 66, p. 1141; validity of lease was affirmed in Feb.,
1902 (V 74, p. 380), and again in Feb., 1903.
V. 76, p. 382.
Dividends under lease
are:
1899-1901,
1902,
2 per cent.
2*a per cent.
STOCK & BONDSStock, all paid in, $100
1903-1904,
1905,
3 per cent.
3*0 per cent.
Date. Interest. Outstanding.
J-J1&
Underlying bonds—see below
Thereafter,
4 per oent.
Divs., etc.
$15,000,000
7,308,000
See text
1st mortgage, gold
>
1893 5gJ-I)
15,000,000 June 1, 1933
$J 5,000.000 ($1,000).. s Interest at Manhattan Tr. Co.. N. Y.t trustee.
The gold bonds of 1893 are secured not only bv mortgage, but also
by deposit of $1,000,000 Rtock of J. C. A Bergen RR.. $161,625 stook of
Newark Plank Road Co., $6,000,000 stook Newark Passenger Ry. and
$99,100 stock of Jersey City Harrison A Kearney Ry. Co.
Road.—Jan. 1, 1906, there were in operation 190 miles of traok,
including:
N. J. Traction Co —Stock owned. I J. C. Har. A K. RR...Stook owned.
Newark Pass’ger Ry.Stook owned.
Newark Plank Road.Stook owned.
J. C. A Bergen RR...Stook owned. I So. Orange A Maplew. Tr..Leased.
.*
Passslo A Newark El.Stock owned. I
|
Stook, debts and mileage of the leased and controlled lines:
New Jersey Traction Co
Newark Passenger Ry
Miles.
Stock.
None
$500,000
6,000,000
504,000
1,000,000
83
Rapid Transit Street Ry
Jersey City A Bergen RR
Jersey City Harrison A Kearney Ry.
Newark Plank Road
Passaio A Newark Eleo. Trao...^
Port Richmond A Bergen Pt. Ferry
South Orange A Maplewood Trac—
*
On this $18,000 has been paid in.
12
411*
10
4*B
10%
51*
Funded debt.
$6,000,000
500,000
258,000
*100,000
162,000
1,000,000
4,000 shares
225,600
550,000
(2) JERSEY CITY A BERGEN RAILROAD—
Road—Owns from Jersey City to Bergen Point, etc., total traok, 411*
Controlled by Consolidated Traction Co., all the stook being
miles.
deposited
as
part security for the Traotlon Co. 1st mortgage.
Date.
Interest. Outetand'g.
Maturity
Stock & Bonds—
8took.
int mortffftve ($1 OOOl n*
1st
mortgage ($l,000).0
$1,000,000 f.p.
5 1873 4%J.-J.
258,000
Jan. 1,1923
^ Manhattan Trust Co.. New York, Trustee.
Bonds.—The bonds (origii ally 7s) matured Jan.
extended as 41*s for twenty years from that date.
1,1903,bat were
,
(3) NEWARK PASSENGER RAILWAY—Electrio.
Organization—Incorporated June 16, 1890.
On July 29, 1893,
leased to New Jersev Traction for 999 years, and so controlled by the
Consolidated Traotlon Co. of New Jersey, the N. J. Traction Co. hav¬
ing been leased to the Consol. Traction Co. of N.J. Jan. 2,1894, for
Charter said to he perpetual.
LEASt. and Rental—Rental under the lease, $105,000 yearly.
Par. Interest. Outstanding.
Maturity.
STOCK & Bonds—
Stock.
Text.
$100
$6,000,000 Own. by O Tr.
NewarkPass.Ry. 1st con.) 1,000 5 g. J - J
6.000,000 July 1,1930
1890, $6,000,000 g.-.o* \ N. J. Title Guar. A Trust Co., Trustee.
The $6,000,000 stook is all deposited as seourity for the Consolidated
999 years.
Traotlon Co. first mortgage.
Interest on consol. 5s is payable at First National Bank, Jersey
City. The oonsols are guaranteed principal and interest by the Con¬
solidated Traction Co. of New Jersey, and in February, 1895, the guar¬
anty wae stamped on the bonds. V. 59, p. 969.
Road—Jan. 1,1906, aggregated 83 miles of track.—V. 81, p.900.
(4) RAPID TRANSIT STREET RAILWAY.
Organization—In February, 1892, leased to Newark Passenger Rail¬
lnoluded with It In lease to New Jersey Traction, and so forms
part of Consolidated Traction system.
STOCK, BonD8. Etc.—Par.
Interest.
Outstanding. Last div., etc.
Stook,trustees’ certs
11%J-D30
$504,000
See text.
way, and
1st
M.$500,000,go*
1,000 5g A-O
500,000 Apr. 1,1921
Subject to call at •Interest at
office of Fidelity Trust Co., Newark,
110 A int. any time
N. J., Trustee.
after April 1, 1901. J
Dividends of 11% per oent yearly are guaranteed by the Newark
Passenger and New Jersey Traction oompanies upon the trustees’ cer¬
tificates issued for stook.
Miles of track 12 07.
(5) PASSAIC A NEWARK ELECTRIC TRACTION—A trolley road.
Organization—Incorporated April 30,1895, and acquired all the
$1,000,000 stook of the Passaio A Newark Eleotrio Ry. Consolidated
Traotlon Co. of N. J. owns all the stook and guarantees the bonds.
STREET
Outstand'g. Maturity.
$100)
$1,000,000
1st M.,$1,000,000,guar. p&i. 5
1897 5g J-D 550,000 June 1,1937
by Consol. Trac. of N. J... \ Int. atN. J. Title Gu. & Tr., Jersey City.
Date. Interest.
STOCK & BONDS—
Stock., $1,000,000 (par
I,1904
10-78 miles of track.
ROAD—Own-
MAPLEWOOD TRACTION —Trolley.
on Oct. 1,1903, to the North Jersey St. Ry.
Service Corporation) in perpetuity, the rental
being $2,000 on the preferred stock for first year and increasing $500
yearly until ninth year, when $6,000 is paid, which amount is to be paid
thereafter. Rental is guaranteed by Public Service Corporation of New
(tt) SOUTH ORANGE &
This company was leased
(now part of Public
Jersey.
Organization—Consolidation in July, 1901, of the South Orange A
MaplewoodTr.Co.andthe South oranire & Maplewood St. Ry. 8took au¬
thorized, common, $75,000; preferred, $150,000. No bonds.
Road—Total, including sidings, 5 4 miles.—V. 77. p. 824
Jersey City Hoboken & Paterson Ry.
Organization-This is a consolidation Nov., ’99, of the following
properties: Jersey City Hoboken & Rutherford Electric; North Hud
sou County (controlling the Hudson <fe Bergen Traction and the Pavonia Horse RR.); Palisades RR.; Paterson Central Eleotric; Pater¬
son Horse RR.; Paterson Passaic <fe Rutherford Electric; Paterson Rail¬
way; Saddle River Traction; White Line Traction, formerly the New
Jt i se.v Electric. On Jan. 1,1906, operated 145*29 miles of track.
Bonds—
Date. Interest. Outstand'g. Maturity
\
(
4g.M-N $13,779,000 Nov.1,’49
p
1899
J*
at N. J. Tit. Guar. &Tr. Co., JerJSJk’n non <<ei
nnni
$20,000,000
o ) Interest
($1,000).
Bey City> Trustee.
Bonds of Constituent Companies—North Hudson County Rv.
Date. Interest.
Outstand'g. Maturity.
u
n
x
1st mortgage
1894
($1,000)
6 J.-J.
620,000 Jan. 1,1914
°$2oWo
tSW |1888
5 J-J' 2,378,000 July 1,1928
mortgage ($1,000)
1894 5 M.-N. 1,292,000 May 1,1924
5
100,000 Feb. 1. 1915
1895 5 F.-A.
Weehawken Ext. M.
) Central Trust Co., New York, Trustee.
2d
m
™
1
_
*.
w
5 A.-O.
175,000 Oct. 1, 1939
1st M—J5 1899
N. J. Tit. Guar. & Tr. Co., J (J., Trustee.
M
5) 1887
6 F.-A.
48,000 Aug. 1, 1907
Ry. M
Interest at First National B’k of Paterson.
Peoples Elev. Co
latM
Paterson
City
Paterson
Rv. Consol.
o
*
M., 51891
6 g, J.-D.
1,000,000 June 1,1931
Trustee.
1914
June 1.1908
g.,$1,250,000 ($1,000) ..c ( Knickerbocker Trust Co., N. Y ,
Paterson Ry. 2d gen. mort., 5 1894
6 A.-O.
300,000 Oct., 1,
$300,000, red.at any time < Paterson Savings Institution. Trustee.
_
6 J.-D. $202,000
«
Paterson Ry. 2d M
Subject to call at 105 and interest.
£5 1888
“Other Debts” Deo. 31, ’05
1/ 09,321
„
,
of the North Hudson County Ry. expired May
extended until May 1, 1924. Se- V. 78, p. 1392
These bonds are redeemable at 110 and interest on any interest date.
Bonds.—The second 5s
but were
[VOL. LXXXIV.
RAILWAYS.
Plant
son
—
Controls all gas plants In
County, N. J.—V.
78, p. 770.
Jersey City. Hoboken and
Gas Ac Electric Co.
to the Publio Service Corporation
Hud¬
Ac Passaic
Paterson
This company is leased
years from June 1,
for 900
19u3 See terms further above.
Organization.—Is a consolidation of the various gas and lighting
properties of Paterson and Passaic.
Stock & Bonds—
Date. Interest. Outstand'g.
Maturity.
$5,000,000
Stock, $5,000,000, $100
J-D
nnn nnn ( 1899
5g M-S 4,02e,000 . .Mar. 1.1949
\
Int. at FIrPt National Bank, Paterson, or
goia ($1,000)
o )
First National Bank. New York
**
150,000 ..July 1,1912
398,000...June 30, 1925
MN
52.000 ..May 1.1908
1895 5g J-D
316,000,. May 1,1925
J-J
3,0b0 ..
1906-08
J-D
50,OuO...June 1,1922
of 1899. $974,000 are re¬
served for underlying liens
The new bonds are not subject to call.
The Paterson Safe Deposit <fc Trust Co. is trustee.
Ed El. Til. 1st mort
1892 5
Ed M Ill gen. mort
g.
Pat El L’t 1 st mort
1888 6 g
PaRS Ltg Co con mort .
Pass Ltg. Co Vd mort... 1897 5 g
18^2 6g
Pass Gas L 1st mort
Bonds.—Of the new $5,000,000 mortgage
1895 5
Somerset
J-J
Union Ac Middlesex
Lighting: Co.
on Dec. 1, 1903, in the
a consolidation of the
the Plainfield Gas &
Eleotrio Light Co. of Plainfield, N J., and the Citizens’ Electric Co. of
North Plainfield. (V 78, p 107.) On Dec. 31,1903, the Central Electric
Organization -Incorporated tn New Jersey
interest of the Public Service Corporation, as
Somerset Lighting <’o., of Somerville, N. J.,
Co. was also
merged in the same
for
rental
Lease—The company is leased to the Public Servloe Corporation
900 years from Deo. 31, 1903, on loliowing terms, viz: all interest,
expenses and taxes to be paid by Public Service Corp.
as
a
dividend on the stock accruing as follows: From Deo. 1,1905, 1 p.o.;
Dee 1, 1908,l*u p. o.; Dec. 1, 1907, 2 p.c.; Deo. 1, 1908, 2^a p. o ; Deo.
an.-l
1,1911, and thereafter 4 p.o.
Outstand’g. Maturity.
See text.
Dec. 1, 1943
Co.,Newark, Trustee.
1, 1909, 3 p. c.; Deo.l, 1910, 3** p.o.; Deo.
STOCK & Bonds—
Date. Interest.
Stock, $1,05“,000 ($100)
..
J-D $1,050,000
Somerset U & M. Lt Co. M., ( 1903 4 if. J-D
1,828,978
$2,750 000 ($1,0 0),g..c* s Int. at Fidelity Tr.
Underlying bonds
assumed.
1, 1911
J-J New
110,000
York.Jau.
Trustee.
40,0New
JO Nov.
1895 5 MN Tr. Co.,
)5 Knickerbocker
York,1,1915
(Trust.
) 1891 5
PinlnflAld Gas
(ioa At*
pion la*
Plainfield
<& Eleo.
1st..} central Trust Co.,
Citizens* Elect
Electric
Citizens
lo
1st
Plainfield Gas <fc Eleot.
gen.
M., $500.000
Lt.) 1900 5 A-O
s Morton Trust Co.,
265,000 Apr. 1, 1940
New York. Trustee.
18^9 5 Xrugt
FACoNewark,
150.000 Trustee.
*} Flrtelity
Feb. 1, 1936
M.,$750,000 ) 1900 5 g. J-J
700,000 July l, 1940
$1,000), g
c" 5 Int. at Fidelity Tr.Co., Newark,Trustee.
On 1st.
1st
Rnmersef Llvhtlmr
Somerset
Lighting uo.
Cent. Eleo. 1st
($500 <te
ElLt°nio*rageIU( 1888 « J-D
50,000 June 1, 1918
in exchange for
$647,109 for exten¬
for additions
(1) BERGEN TURNPIKE CO.
Organization—Originally chartered on Oct. 27,1802, with $53,990 and extensions or acquiring other property; $1,006 for the Cen¬
capital ($10 shares) and owns the turnpike from Hoboken to Hacken¬ tral Electric stock not yet acquired (the company having pre¬
viously obtained the remainder of the $750,000 total stock of
sack, a distance of 12 miles, over which an electric road was con¬
that o; mpany) and $775,0J0 to retire the underlying bonds.
structed in 1902. Jersey City Hoboken & Paterson Rv. owns a majority
No cinking fund and bonds cannot be called. Of the $500,000 Plainfield Gas
of the stock and guar its $1,000,000 5 per cent bonds, dated 1901, due
Eleo.
5s,
00f>
reserved
for
prior
and
&
general
$150
are
liens
$85,000
1951, interest J-J, principal and interest. N. J. Title Guar. & Trust Co.,
for construction. Of Central Electric Co. bonds, $50,"00 are reserved
Jersey City, Trustee.
to retire a like amount of Middlesex Electric Co. bonds.
The Central
Orange Ac Paesalc Valley Ry.
Electric bonds are subject to oail a'ter 1905 at 110 and interest.
Leased for 900 years from Nov. 1, 1903, to Publio Service Corpora
President. H. G. Runale; Secretary, J. C. Pope. V. 78, p. 107.
tion for interest on the trust certificates issued in exchange for stock
ORGANIZATION—Incorporated in 1898 as successor of Suburbai
Mouth Jersey Ga«, Electric Ac Traction Co.
Traction Co.; sold in foreclosure July 6,1898.
This company was leased to the Publio Servloe Corporation for 900
Bonds—
Outs'ding. Maturity.
Date. Interest.
from June 1,1903. See terms further above.
5£ 1898
5 J - D $794,000 Dec. 1,1938 years
nnn non
1st mort., $1,000,000
N.j. Tit. Guar. & Tr. Co. of Jersey C’y, Tr.
Organization—Incorporated in 1900 to bring under one control
the gas, electric light and trolley interests in Southern New Jersey. In
Elizabeth Plainfield A Central Jersey Ry.
Deo., 1902, purchased the entire oapital stock of the Bristol Eleotrio
Leased to Public Servloe Corporation for 900 years from Nov. 1,
Light & Power Co of Bristol, Pa.; the latter has no bonded debt.
Also owns the entire capital stock ($600,000) of the Camden Glouces¬
1903, for interest on the trust certificates issued in exchange for stock.
Organization—Chartered in November, 1900, as a consolidation of ter & Woodbury By. All the latter’s 1st mortgage bonds have been
the Plainfield Street Ry. and various other companies.
turned in and canceled. The corporate existence of the railway is,
BONDS—
Date.
Interest. Outstanding. rMaturity.
for legal reasons, maintained, but it is operated as part of the property
1st mtge. $2,500,000) 1900
5 g. J-D $2,400,000 Dec. 1, 1950 of the South Jersey Gas. Eleotrio & Traction Co.
($1,000), gold, o*. No > Interest at Fidelity Trust Co., Newark,
Stock & Bonds— Date.
Interest.
Outstand'g.
Maturity.
s.f. A cannot be called j trustee.
Plain held St. Ry. lstM.,> 1*92
5 JAJ
100/00
1922 - 8t$10of 6,00°.'000, |
$6,000,000
JD
See text.
($1.000)c* call in 1904 ( Int. at Fidelity Trust Co., Newark, Trustee
1st M*.,‘*$i5i600,-)
1903
10,524,000
Mar. 1, 1953
5g. M-S
Bonds—Of the total issue of 1st mtge. bonds $100,000 is held to
000, g. ($1,000), > Interest at Fidelity Trust Co., Newark, N. J.,
provide for like amount of the Plainfield St. Ry. Co. bonds. See V. 7i,
c* 1 Trustee.
guar
p. 1310.
United Electric Co.
2,000.000 March 1,1949
TlJ2toT5Qlo ooo1^ 1899 5g. M-S
BONDS—
Date.
Interest. (/utstanding. Maturity.
000, g!'($1,000)’. ) Interest at Colonial Trust Co., N. Y., Trustee.
1st mtge. $20,000,000, t 1899
4g.JI) $let.41 *,000 June 1, 1949 Burlington Gas L* ) 1901 5g M-N
May 1. 1921
100.000
5 Int at Burlington City Lo. & Tr. Co , Burl’n, N. J.
Co. 1st M
gold ($500 &$1,000) 5 Int. atN. J. title Guar.& Tr Co , J.C., trustee
Con. Lt., Heat & Pow. > 1898
5 g. J-D
'405,000 June 1, 1938
Bmuli.—Of the new $15,000,000 Issue, $2,111,000 are reserved to
$1,000,000 ($500) g., 5 Int. at N. J. Title Guar. & Tr. Co , J.C., trustee. retire prior liens and $2,365,000 for additions and improvements.
No. Hud. Lt. Heat & P. i 1898
5 g. A-O
384,000 Oct. 1, 193s No sinking fund and bonds oannot be called. These bonds are guar¬
$2,000,000 ($l,0u0).. 5 Int. at N. J. Title Guar. & Tr. Co., J.C., trustee. anteed by the Public Service corporation. The Trenton Gas <fe Eleo
J. C. Eleo. Light Co ) 1889
6J D
42,000 Dec 1,1909 trio Co. bonds are also guaranteed by the Public 8ervice Corporation
1st Mtge...
s N. J. Title Guar. & Tr. Co., Jersey CitY, Trust
Road—Jan. 1,1906, the Camden Gloucester <v Woodbury Rv. owned
Bonds—In addition to the above there are $115,000 Con. Lt. H.
24*78 miles of track.—V. 76, p. 332,544, 866,1144,1250, V. 78, p. 1449.
Pow. bonds in hands of trustee. $1,592,000 Is* mortgage bonds are
Camden Ac Suburban Rv.
reserved to retire these $H5,0u0, toge'her with the Con. Lt. Heat &
Was leased on May 1, 1904, to the Publio Service Corporation for
Power and No. Hudson Lt., Heat & Power bonds on following basis;
999 years, rental being (in addition to fixed charges) $30,000 the first
$175 1st mortgage bonds for $100 prior bonds and $20 cash
year (1905), $36,000 the second year, $i2,000 the third year, $48,000
COMPANIES LEASED (RUT NOT OWNED) BY PUBLIC the fourth year, $54,000 the firth year, $72,000 i tie sixth year, $84,000
Ell VICE CORPORATION.
the seventh year, $96,000 the eighth year, $108,000 tile ninth year
Essex Ac Hudson dan Company.
and $120,000 the tenth year and thereafter.
V. 78, p. 2383.
This company 1* leased to the Puolio Service Corporation for 900
Organization—Formed in 1896. Controls the Camden Horse RR.
(which is leased) and the West Jersey Traction Co. (stock, $65,000).
years from Juni-1.1903. See terms further above. The United Gas
Improvement Co. owns a majority of the stock.
STOCK & Bonds—
Date. Int rest. Outstanding.
Maturity.
Organization.—Incorporated In New Jersey in November, 1898. and StooH,
$3,000,000, ($25)..
Q-F
See text.
See text.
leases the Newark Consolidated Gas Co for 999 years from Dec. 1,1898
1st mortgage, $3,000,000, $ 1896
5JJ
1,382.000 July 1,1946
at a rental of all fixed charges and dividends on the $6 000,000 stock
gold ($1/00)
(Int. at Security Tr. Co.. Camden, N.J.,trus.
of that company, commencing at ks per cent on July 1. 1900. and In¬
Car
OOO
$£ Int.
1904at Camden
5g. A O (N. J.) 56.000
textCo.
$<0,000
Oar trnsts
trusts, $70
creasing Lj per cent yearly until 5 per cent is reached in 1910; there¬
Safe Dep.See
& Tr.
after 5 per cent p*-r annum.
Bonds.—The car trusts In table above mature $7,000 annually on
STOCK & Bonds—
Date. Interest. Outstand'g. Maturity.
April 1 until and including 1914; $7,000 were retired on April 1,1905,
J-D
Stock, $0,500,000 ($100)
$6,500,000
$7,000 April 1,1906.
New’k Cons. Gas cons. M..) 1898 5g. J-D
6,000.000 Deo. 1, 1948 and
Stock—The stock is ail outstanding; 20 p c. pall in.
$10,000,000, g ($1,000) c* 5 Fidelity Trust Co , Newark, Trustee.
Earnings Included in report of Public Service Corporation. •
50 37 miles; Camden Horse RR., leased, 30T1 m.;
^OO^l^OOO3)81
M*’
$4’00.°S
11895
6 Q-J 4,000,000 Apr. 1, 1944 WRoad—Track,
Jersey Trac Co., 3T9 m.; total, 83 67 m. Connection through to
Bonds -*Of the $10,Old,000 Newark Con. Gas bonds, $4,000,000 are
V. 78, p. 1781, 2383.
Trenton is made over the Camden & Trenton.
reserved to retire underlying liens.
Plant—Owns entire gas plants in the territory between Passaic and
(1) CAMDEN HORSE RR. —A trolley and horse road.
Elizabeth, including Newark.—V. 67, p. 1002, 1160.
Organization—Incorporated March 23,1866. Leased to the Camden
Hudson County Gan Co.
Si Suburban Ry. from April 1, 1896.
Rental, etc., received in 1906,
This company is leased to the Public Service Corporation for 900
$60,000, from which paid 24 p. o. on stock.
years from June 1,1903. Bee terms further above.
Stock & Bonds—
Date. Interest.
Outstand’g. Last div., etc.
Organization.—Incorporated in New Jersey in October. 1899, and Stook ($25) paid in
See text.
$250,000
See text.
is a consolidation of the various gas plants in Jersey City and Ho¬
51889
M-N
250,000
May
Utmnrt^A
5
1st
mortgage
boken.
^ Seourity Trust Co., Camden, Trustee.1, 1909
SiOCK & Bonds.—
Date. Interest.
Outstand'g
Maturity. 1st eons. M. ($500,000) (1892 5 M-N
250,000 May 1,1912
Stock. $10 500 U00, $100
$10 500 000
($500)
I Seourity Trust Co., Camden, Trustee.
1st mtge $10,500,000 )
1899 5g., M-N
10 500,000 Nov. 1,1949
Interest payable at New Jersey Trust Company, Camden, N. J.
gild
5 N.J. Title Guar. &Tr.Co., Jersey City, Trustee
INDEX-V. 78, p.1392.
Bonds -$l,i 81,869 of the 1903 bonds were issued
the stocks of the companies consolidated ana
are reserved
sions and improvements; $145,196
i
.
»
......
-
,
Feb.,
2
STREET
1907.j
Dividends—1896,14 p. o.: ’97. 16 p. o.; ’98, 18 p.
) p. c.; ’01, 20 p. o.; 1902 and 1903, 22 p. c.;
c.; ’99,
Road.—Has 30-11
miles of track.
Elizabeth Sc Raritan
& Somerset
30.
1906. 1905.
$371,562 | Dividends paid.. $72,000 $72 000
161,787 Bal.,sur.,for year df.2,438
9,280
EARNINQS-For years ending Sept.
1905.
1906.
$396,093
126,845
wross earns...
Net
— Is a consolidation on April 30,1904, or
Traction Co. and the East Jersey Street
the
Middle¬
Ry., which
Tripp;
8eo.,
New Bed¬
absoibed the Raritan Traction Co., the
Perth Amboy RR. and the East Jersey Traction Co. Is leased to the
Public Service Corporation for 900 years from May 2,1904, upon
guarantee of interest on outstanding bonds of lessor company.
Date. Interest Outstand'g. Maturity.
STOCK & Bonds—
Stock, $3,500,000
$2,000,000
See text.
5g. M-N
MayTrustee.
500 000
5> 1904
1, 1954
Gen. mtge., S3
$3,bOO.OOO
Fidelity
Trust1,011,000
Co., Newark,
controlled by the New
owns all the stock.
Brunswick Traction mtg..g.)
($1.000) ,c* cannot be called $
Middlesex A Somerset Trao., (
are
latter company
had previously
mtce
fieri
1896 5g. J-J
500,000 July 1,’26
Fidelity Trust Co. of Newark, Trustee.
1900 5 g. J J l.OuO.OOO Jan. 1,1950
g.,$l,000,M..*1.500,000.o* s Int. atFidelity Tr. Co., Newark, Trustee.
East Jersey 1st mtge., $500,-) 1904 5g. M-N
500,000 May 1, 1944
000, gold, guar., p. and i . ) Perth Amboy Tr. Co.. Perth Amboy, Tr.
Bonds.—Of the new general mortgage of 1904 *2 000,000 are re¬
served to retire prior liens and $4»9,000 for Improvements.
Road.—Operates 60-78 miles of track. V. 78, p. 2384, 2442.
Gas Sc Electric €0. or Hergen County.
Lease—Is leased to the Public Servioe Corporation for 999 years
from Jan. 1,1905. Dividends are to be 2 p. c. for first two years, 2
p. c. for the next year, 3 p. c. for the next two years, 4 p. 0, for the
next four years and 5 p. c. thereafter.
.
ORGAN ZATION - Is a consolidation of several small gas and electric
light companies, stock w*s formerly held in a voting trust, but this
expired by limitation on Dec. 28, 1h04. See V. 80. p. 653.
Organization—Incorporated In Conn on Aug. 31, lc01, as the
changed vu Jan. 24, i9o2, to
ag»in changed oa May 18, 1904,
Tliomaston Tramway Co. but name
Worcester & Conn Eastern RR. and
to its present title.
The following
A HooBlck Valley Ry. V.
101.
Rennbgtvin&N rt h Adunm St. Ry.
BrauforJ Lighting A Water Co. V.
81. p. 155,
oiuiublan 3 r**et Uy
V. 83. p. 12 90
Connecticut kv. & Lighting Co. V. 8 J
Dale. Interest.
1904 5 g. M-N
s4
l 24.
Dante son <fc
p
V.K.\p.2S0,
Ry
HoiiKHtonte
1, 1905, rental
1905 and L906, 2^ P o. in 1907 and
1910. 3^ P- o. in 1911, 4 p. 0. in 1912, 4 * p.
and thereafter.
Stock & BondsDate. Interest. Outstand'g. Maturity. Stock, $500,00 > ($100)
" J-J
$4)0,000
See text
500.000 Deo. 15, 1939
1st mort., $500.000,gold > 1899 4g. J D'5
($500 and $l,000)..o s Int. at Fidelity Tr. Co., Newark, Trustee.
OFFICE38—President. John C. Eisele, Newark; See., -H. M. Barrett;
Treas., Nathaniel King, Newark.—V. 79, p. 2799.
900 years from Jau.
Power Co.
of the Carteret RTeotrio Light &
Co. Stock all owned by Pub¬
lio Service Corporation.
Stock & Bonds—
Date. Interest. Outstan*g. Maturity.
Stock, $200,000
...
$175,000
1st mort., $200,000, gold
1905 5 g.
160.000
Jan., 1955
Bonds—Of the bonds, $40,0u0 are reserved for improvements.
Electric Light Sc
ORGANIZATION —Is a consolidation
Power Co and the Middlesex Lighting
BEDFORD, MASS.
WESTPORT STREET RY.Organization, Etc.—Stock, $262,500; 1st mort., $150,000, dated
1895, gold, 0* ($1,000 each), 5s A-O, issued $90,000, due April 1,1915,
trustee, International Trust Co.. Boston, where interest is payable.
Dividends—8 P-o. for several years.
Road-Connects cities of Fall River and New Bedford. Owns 18*06
miles of track and operates in all 30 70 miles of main track.
Earnings—Fiscal year ending Sept. 30, 1906, gross, $175,204; net.
$68,112; int.and t*xes, $16,530; dividends, $14,250; surplus,$37,332.
OFFICERS—Pres., H. H. Crapo of New Bedford; Vloe-Pres., Thos. B
Tripp; Treas., E. 8. Wilde,New Bedford; See., Robt. S. Goff, Fall River.
Montvllle St. Rv. V. ~P, p.
New Haven St. Rv.
V. 7*
8 p. c.
Road—Owns 30*46
miles of track.
Sew Haven
A Centerville
St. Ry. V.
A We-t Haven
H rse RR.
New L mdon St. Ry. V. 79. p. 208
Now Milford Power Co.
v.s3, p
N Y. ji Stamford Kv.
V. 80, p.
Norwich St. Rv.
V. 79. p. 208.
Peoole’s TraiDwa- <'o.
Provideooe A Bu-ri lvllle
83. p. 129
1524.
118.
St. Ry. V.
Ry.
Putn-.ni t Thompson Street
Stafford Springs St. Ry.
Sta nford Sr. Ry.
Sufield St. Rv. V. 80 p. 1HH.
Turr nut, x Wm. St. Uy. V. 82,
p.1437.
Trolley Express Co.
Village Water t Y>. \T. 80, p. 1914.
eng «r v Uudtev St. Rv.
Wallingford < ram wav Co.
Wesi Sm.ro Ry. Co
V. 78, p. 989.
Wiiiimautiu '1 rac. Co. V. *1, p. 1170.
WiU<.hrt.te- Ave Ry.
V. 78. p. *89.
V. 83, p. 1290.
WoonaocKet *t. Rv.
1
Worceste" a Connecticut
V. 7a. d 2-'h
orcester A Webster St.
Eastern RR.
Ry.
owned several trolley roads in Massachusetts, but
these were subsequently turned over to the New England Inv. &
Security • o., ex ept the vvorcester
Webster and the Webster
&
leased to the Consolidated Ry. by virtue of an Act
of the Legislature of 1901. V. s3, p. 4u2
In Oct. 1906. tlteN. Y. N H AH KK. offered to exchange $100 of
its stock for $200 of certain issues of this company’s debentures. See
Dudley, which are
V. 83, p.
1037.
Date.
Stock db Bonds—
Stock, $10,000,000
Denentures
Debentures
Debentures,
Debentures,
Maturity.
Interest. Outstand'g.
J-D 31 $10,000,000 June 30, 06.2%
g. J J
July,’04 44g
Jan,’05 4 g. J-J
J-J
Jan.,’06
Guar. p. <te 1.
Debenture-t.
$1,009,000
$3,500,000
...
...
5,000,000 July 1,19 54
3.995.000 Jan, 1,1955
10,000.000 Jau. 1. 1956
by N. Y. N. H. a Hart.
’05 3 3^-4 g. F-A
1905 4 g. A-O
979,400 Feb. 1, 1930
3,500,000 Apr. 1, 1955
NMld*8CeSbyF.H.&W.i1893
5« M-8 2S3'000 Sept. 1,1933
Street Ry.—
New Haven
1st mort., gold
5 g. M -8 600,000 Sept. 1,1913
5 Int. at Am. L. & Tr. Co., Boston, Trustee.
> 1894 5 J-D
250,000 June 1,1914
$1,000not sub), to call... $ Int. at Am. L. & Tr Co., Boston Trustee.
Winchester Ave., 1st mort., > 1892 5 g. M-N
5u0,0oo Novi, 1912
gold
o*Ar $ Int. at Boston Safe Dcp. & Tr. Co. Boston.
1-t M.,) 1894
5 J-J
30 OoO Ju y 1, 1914
West Shore Ry.
$30.000,g., subj. to call.. 5 Int.at Merchants’ Nat. Bank, New Haven.
Wor & Web. 1st M., $150 - ( 1899 5g. J-D
al50,000 Dec 1, 1919
000 (#1 000), gold
.. .c* l Int. at International Tr Co , Boston. I ras.
1899 5 M-N
Webster & Dudley mort
h30.000 Nov. 1, 1919
Hart. St Ry. now 1st M.,$3,-) 1900 4g.M-S
2.500.000 Sept. 1, 1930
000,000, gold ($1,000)..o* $ Conn. Tr. ASafeDep. Co.,Hartford,Trus.
Hart. St. By. debentures .... 1900 4 J-J
165.000 Jan 1, 1930
Hart St Ry. debentures
1900 4^ J-J
145.000 jan. i, 1930
Wor.& Conn. IstM., s f.,g., > 1902 4^g.JJ
1,992,000 Jan. 1,1943
$3,100,000 ($1,000)
o* S Interest at New York l rust Co., Trustee.
5 A-O
200,000 Oot. 1, 1924
Hart. Man. & Rock.IstM.,>1894
($600,000).. ) 1893
$500 ana $1,000
1st purch’e M.$250,000 g.o.
STREET RY.—A
Organization Incorporated in Massachusetts In 1901. This com¬
pany is owned in the same Interest as the Union Ry. Co. In June, 1906,
issued $50,OoO new stock in exchange for the $150,000 stock of the
Taunton & Buzzaid’s Bay -Jt. Ry., which wan a reorganization of the
Middleboro Wareham A Buzzard’s Bay St. Ry. V. 82, p. 1438.
STOCK & Bonds—
Dale. Interest. Outstand'g. Maturity.
Stock, $550,000, $100
$550,000
mort<ra<re *500 00° (
1902
5g.
J-J
280.000 Jan. 1, 1922
S/isfnnAi
W,U a*
at International Tr. Co., Boston, Trustee.
gold ($i,uuuj
c 5> Int.
No sinking fund and not subject to oall.
M. W. & B. B. 1st mtge. I 1901
4g. A-O
150,000 Oot. 1, 1921
$150,000 ($1,000),g.o. S Int. at Federal Trust Co., Boston, Trustee.
Floating debt Sept. 30. 1906..
4<\500
Bonds.—Tbe Midd. Ware. A Buzz. Bay bonds have no sinking fund,
subject to call on or before Oct. 1. 1906, at 110; thereafter
but
through Oot. 1, 1911, at 1071® and thereafter before Oct. 1, 1921, at
105, all with Interest. -*ee V. 73, p. 1313. Interest was formerly
5 p. 0., but at consolidation with New Bedford A Onset was reduced
to 4 p. c.
ROAD-Owns 21*85 miles of track on 16 miles of road between Fairhaven and Onset and 29 mites of track in Middleboro and to Buzzards
Bay and to Monument Beaoh. Total track, about 50 miles
EARNINGS—For year ending Sept. 30, 1906. gross. $96,425; net,
$36,172; interest and taxes, $23,920; surplus, $12,252.
OFFICERS—Pres., H. H. Crapo; Vice-Pres.. Thos. B. Tripp; Sec.. Clar
A. Cook; Treas., Elton 8. Wilde; Supt Geo P. Dole.—V. 82, p. 1438
UNION STREET RAILWAY-A trolley road.
Organization—Incorporated March 18.1887.
STOCK & Bonds—
Interest. Outstand'g. Last div.,etc
Date.
Stock,$900,000(par$100)
Q-F $900,000 Feb ’07, 2%
Cons. M. for $500,000, g., (1894
5g J-J
400,00 > Jan. 2, 1914
f., o*, not sub), to call (Int. at Old Colony Trust Co., Boston, trustee.
Notes payable on Sept. 30,1906
135,091
Dividends— In 1896-97, 10 per cent; in 1897 98, 6 p. c.; 1898 99 to
’05-00, Inclusive,
208
p.989.
New Haven
78. p. 9sW.
Formerly also
691.
s.
ounce
208.
road.
ence
26a.
p.268.
Woonsocket St.
.
DARTMOUTH &
are
V. 8l, p. 1521.
'NiwerCo
M- idea El ctr c Kv.
V 79, p
Meriue
lb>rs • UK. V. *9
M-rldeo S> utmngt u A Com
Trarawm
V.83. p. i-2*.
o.
M-d lelown St. Ry.
V. '9. p.
villford
ttleoor > A
Rv
V bn. p. 1290
Publio Service Corporation for
being 2 p. 0 in eaou of the years
1908, SL p. 0. in 1909 and
O. in 1913, and 5 p. c. in 1914
1st
1
St. Ry.
V. 80. p. lte.
New
& ONSET
V. 7 9, p.
V.7H. p.989.
L' '8t m°rt4 1S94 5 J‘J
H(*lk,b0O)
28,000 July 1. 1934
Rond*—Of the general mort. for $5,000,000, $1,500,000 are reserved
to retire prior liens and $2,08L.OoO for additions and improvements.
OFF CE^S—Pres., Dr. D. St. John, Haokensack.—V. 80. p. 653.
Brunswick Liglu Heal Sc Power Co.
OrqaN'ZaTION—Incorporated in New Jersey on Deo. 7, 1899. Owns
all the stock of the Gas Light Co. of New Brunswick. Is leased to the
NEW BEDFORD
trolley road.
Norw ch 8t. Ry.
268.
Ka»t “art'orl A Glastonbury
Fair H«v*"> x We tv RK.
Greji>wi. h Tramway Co.
H*»rt. Man.* Korkv. T < o
ttertfoid a Mi<liirerowa St.
Hartf *ro st tty.
......
V. 82, p.
p.
•
*
An electric
companies have been absorbed or
leased or controlled:
Betmii gfon
...
NEW
RAILWAY CO--A trolley road.
& Hartford RR., whloh
York New JHaveu
Is
Con
Middlesex
HAVEN, CONN.
NEW
CONSOLIDATED
Outstand'g Maturity.
$2,000,000 8ee text.
1.419.000 Nov. 1. 1954
gold ($1,000)
s Bowling Green Trust Co., N. Y., Trustee.
B00 000 g
a \£ Fldellty
1899 5Trllgt
g. J-DCo>| Newark.
1,323,000Trustee.
June 1, 1949
Con. mort
mort., *1
$1,^00,000,
N. Y. Ruth A Sub. con. M. 1895 6 g. M-8
50,000 Mar. 1, 1911
Ruth. A B. 8pgs. jien. M
50,«'00 Mar. 1,1911
1891 6 M-N
Engle. G. & E. gen. M1899 5 J J
23,000 Jan. 1, 1939
Bergen Co. G. U Is M
1893 5 M 8
13,000 Sept. 1, J908
G & E’ deb.,Series
£ lg97_8 6 j j
3,000 Jan> lf *17.18
1895 5
10,«j00 Jan. 1, 1935
Hack." G. & El gen M
J-J
Stock db BONDS
Stock, $2,000,00o ($100)
Gen. mort., $5,000,000,)
I
57,283
80,5071
OFFICERS—Pres., H. H. Crapo; Vice-Pres., Thos. B.
C. A. Cook; Treas., E. S. Wilde; Supt., E. E. Potter, all of
ford.—V. 63, p. 1061; V. 70, p. 947, 1050; V. 75, p. 1088.
tnt.,taxes,etc.
River Street Ry.
Organization
sex
18 p. o.; ’<>0.
1904,1905 and 1906,
24 p. o.
63
RAILWAYS.
S
$300,000 ($1,000). g
RR. 1st M., /1891
5 A-O
$100,000 ($1,000)
s
Interest at
w«riiifln iinroB ri> int tut
C 1894
g.Girard Trust Co. of Philadel’a.
Interest at
goia, ifouu.uuu
^ State Treasurer of Connecticut. Trustee.
Meriden Horse
85.000 Oet. 1, 1911
First Nat. Bank, Meriden.
415,000 Jan. 1,1924
Mil Att. & Woon. IstM. > 1899
5g, A-O
250.000 Oot. 1,1919
$300.000,gold ($1,000).o. > Interest at Mercantile Trust Co., BosCannotbe called.
)ton Tiustee.
St Rv. 1st M
$200,- (1893
5 JaJ
165,000 July 1,1913
000. $1,000 each
$ Int. at R. I Hob. Trust Co., Prov., Trus.
& Bur R. 1st M„$750,-> 1905
5g J J
200,000 Jau. 1,192?
000, gold ($1,000)
o s Int at Rhode I si. Hos. i r Co., Prov., Trus.
5
Woon
J-J
,,
Pro v
175,000 July 1,1928
interest.
($1,000) can b© oalled at£ interest at Colonial Trust Co., N. Y.
110 after Aiiffi
1003.
Ben. AH. V. IstM., $250,- >1897
ft J-J
182,000 Jan.1,1928
Mer.
South
& Comp. 1st, 1898
5 fj_j
Optional at 110 and
Intern’l Trust, Boston, trustee.
A-O 150,000 Oot. 1, 1923
Loan A Tr. Co., Boston.
JD
150,000 Deo. 1. 1917
Hurlburt Nat. Bk., Winstcd. Conn.
Norwich Street Ry 1st M., > 1893 5 g. A-O
350,000 Oot. 1,1923
$350,000. gold, $1,0; 0.... S Int. at Am. Loan & Trust Co., Boston.
MontvilleStreet Ry 1st M.. ( 1900 5 g. M-N
250,000 May 1, 1920
$350,000 ($1,000) gold < Interest at American Loan A Trust Co.,
(cannot be called)
c* C Boston.
426,0P0 Oot. 1. 1931
N. Y. A Stam. 1st M.,$450., > 1901 5 g. A O
000 ($1,000), gold
c > Int. at New York Tru-tCo., N.Y. Trustee.
V
( 1901 5 g. J- J
320,000 July 1,1931
nnn^imior^
at New
Tru8t Co'’
N* Y*
($1,000), g..tge;
Trustee.
$400,000
.0 1lDtere8t
> State Treas.
of York
Connecticut.
000.g.,($500 A $1,000)c s Int. at
Street Ry. 1st) 1893 5 g.
M.. $150,000, gold
S Int. at Am
Torr. A Win. 1st mort., > 1897 5 g.
$150 000. gold
cm Int. at
New London
^
Horse RR., 1st >lg94
go’d ($500)
S
Portland St. Ry 1st mtge.. 1896
18 *7
Branf. Eieo. Co. 1st M
Middletown
5 j.D
150,000
Dec.
1, 1914
Nov. 1,1916
O t. 1, 1937
30,000
63,000 Aug. 1,1951
Branf. Ltg. A W. 2d M.
307.000 bonds of its
»lie Consolidated Ry. owns a certain amount of
subsidiary companies
In the following table we show the amount
outstanding and the a nount owned by Consolidated Ry. Co.
Same of Company—
Ou standing
Owned.
Worcester A Webster St. Ry.
$150,OOO
$94,000
Webster A Dudley St. Ry
* 30,000
30,000
Bond*—The Consolidated Ry. debentures are not subject to call. All
tbe debentures have printed on their face the statement that lf a
mortgage is made on any or all of the company’s property which was
owned on Jan. 1.1905, except to renew existing mortgages, the de¬
bentures shall participate In the security of suoh mortgage.
The
debentures due In 1930 bear 3 p, o interest from Feb. 1, 1905, for first
years, 3isp. c for next 5 years and 4 p. c. for following 15 years, and
issued to pay for acquiring the Berkshire St. Ry. (V. 80, p. 471)
5 M-N
5g A-O
1901 5g F-A
a
5
were
65
STREET RAILWAYS.
Feb., luuT.j
TIE
WARREN
CHERR^HILLl
POINT
BRIDGE
NEW
?61
[111
\FAIRMOUN
totowa,4
DUNO.EE
738
IA,YWOO#L
lake
*
ENGLEWOOD,
V
687/
n.o
#/
IDI
tritnLE FALLS
[2,793
BOGART
1/500
H EIGHT
#
(m
►BOGOTA
IN O RDrtO F.F
C 522
//
/
/
^
leo^n IA
^GAa/hE-LD
0j) Reservoir
north
CALDWELL
,
483 41
CEDAR/GROVE
^
HEIGHT^ 1,650
37,837
MONTCLAIR
.£>41
5^92
/"f
X\Wh A S B R O\fc K
PASSAIC1
HEIGHTS
A.6701
I park
fc
(IltX
FELLS
Verona
Lake\
393
16,370
/
NUTLEY
v
lglen
AVON DALE
IIDGEj
K I N
WEST ORANGE
BLOyiV.lFI E L D qellEVII/lE
\
7,632 J (J
NORT
11,60Lf
7,872
"4/
%
A,
•N
<■
NEWAJHH/
)
♦ARLINGTON
408
\
r//'
<-/
O' If
X
✓
>
e1*
/ W?’V/
Xcl.fj^ioe^A
f,
Artfu dso.n-",'7;<' ■;.■•//
y
V
s—a—\
/■)
^26,10^^25,175
LLFYj
K
//htsJ;;v;/v»'
—X'V
\grai
fB
i
new
/
vV/;
/
// y
FY
E^R G
,
ij,
1,50C
f
3,199
schuetzenV \ V
SECAUCUS
n
a
m/
lew
/
,
A
,T.
YorkV/A
>;'^W
L
01/
>✓
-V
v
-W
■J!/'
A' ;
nV,
N
/
/'•x
-
61TS&V
/
1
.
,
harhison.
12,823
SOUTH/O RANGE
/ ^
r7,l96vV#;>
■
r*I
| /
VAILS3U RG
i
i
J,825^i
dl
KEARNEY
ROSEVILLE
.
.
\SILVEK L. / y //
,.v»
*
\ WOOUfSl/DE^.t
A # ARLINGTON
\
/ / //V
XRIVEIifSlJbE//2-
(7
Cr
r
LA N D
/
r
/north
gf
%//
Rl V1E W gV ~\'
FA l
As Z#
ESSEX
%
745|CLIFFSIDf*»
PAR
/
G'S
*
"i
iff/ij
Vl,693§
•
Crystal Lakev
/
Llewellyn
ORANGI
3$
r2,(\62
/ r
VA
^lyndhurst
/
'/RIDGEFIELD
I
^RUTHERFORD
*
5,218 /
4,556//a.
.
\\
RUTHERFORD
3,165
EAST
5elawan.nA
'
1 ’772 |Kf%J| M<**MERE //
/carlVWdt
>3,100
/CARLTON
s
TAYLOR
**VILLE ‘
rtnnifw,50()
p£;RR
<
upper|montclair
/
*
IDGEFIELD^
"^7
T°t
2,475
^OOD BRIDGE
Caldwell
»
/
4,932
imEWOOr
IRVINGTON
H I LTO
7,1 80
N
K
283,289
/
/
ini
PARKVIEWi
Sf'
LYONS
FARMS]
GouernorsJjL
Id.
®cs
*—. -
•V
ELMORA
ROSELLE PARK
2,236
,hB»ikL
ROSELLE
ALOENE
E U
CONSTABLE
x
HOOK
2,142
u
•
A
).V
*
ELIZABETH
o
ii
ST. GEORGE
HOWLAND
HOOK
V
\
—A
A
6>
TAT
D
-L-
Hoffman Id.
AND
wooqfaRioGE
SEWAREN
/■
BOYNTC
BEACH
-v
iMB O Y
/
5,895,
.CSlOA^
:
JLINZES OF
MAP SHOWING
t R T H
Corporation
Public Service
TOTTEN VI LLE
,
OROVE
BENTLEY
\MANOR,'''’-'
of New
\ -1'
SOOTH
AMBOY
■
U
in
X
Northern
Jersey.
New Jersey.
6,258
■■JPnlolic
m
Service L.ines
.Connecting Lines
Scale of Miles.
1
3
|VOL. LXXX1V.
STREET RAILWAYS.
the New England
see below
The
$3,50p,<>00 debentures due Apr. 1, 1955, were issued to acquire
the Hartford St. Ry. and are ail owned by the N. Y. N. H. & H RR
In April, 1906, the N. Y. N. H. & H. RR offered to exchange Its srnck
which company was subsequently acquired by
Investment
&
security Company,
which
for the debentures of July, 1904, and Jan., 1905, at the rate of $200
debentures for $100 stock
See V. 84, p 803 The $10,000,000 deben¬
tures'^ Jan., 1906. were issued to the N.Y. N. H <fe. H. for advances.
The Winchester Avenue bonds are joint obligations of the Winches
ter Avenue RR. Co. and the New Hv> n & West Haven and cover all
property owned or to be
her^afterae-quired un ter th« charters.
Of
EQUIPMENT—June 30, 1908: Cars, 464; motors, 374; oar barns. 16;
also 4 complete electric light plants; also owns gas plant
and operates gas plant it Waterbury.
Report—For year ending June 30.1?06, gross income.
at Norwalk
$2,499,314;
and charges, $711,441; surplus, $386.95 L.
OFFICERS—President, A. M. Young; 1st Vice-Pres., L>. s. Plume;
Secretary. W. F. Doutbirt; Treasurer, Lewis Lillie Main office. Bridge¬
port. Conn.-V. 81, p. 264, 1099; V. 82, p. U37; V. 83, p. 818. 969,
net, $1,098,392; taxes
1098, 1523; V. 84, p. 390.
Bonds can not be called, but may be bought on 3% p. c. basis
fund. See V. 75. p
have a sinking fund of
$5 000 per annum begin ing Jan I. 1910. They arc subject to call on
any interest date after 1909 at 105 and int. Outlie Woonsocket St.
Ry. bonds a sinking fund of $5,000 per annum began July 1, 189m.
hy. first mortgage gold bonds, the
Of
the
Montville Street
balance unissued can only be issued for oo
per cent of actual
certified cost of improvements or additions to property. Original
mortgage of the Montville St. Ry. provided that bonds might be called
in 1905 at 105, but through asupplemental mortgage this redemption
clause was eliminated, so oonds are not now subject to call.
On the
Worcester <fe Webster bonds >3,000 is payab e annually into a,sinking
fund. Tn se bonds cannot be called before maturity.
Dividend* -The first dividend 2 p c.—was paid June 30, 1905, ani
2 p. c. was again paid Deo. 31, 1905, and 2 p. c. June 30, 1 iOt>.
REPjhT.- Figures are for year ending June 30, 1906:
$2,016,523
Gross earnings
$5 409,438 Total in ome
1,496.223
Operating expenses..,. 3,456,98e Fixed charges
ENGLAND
SE¬
INVESTMENT
&
CURITY CO.
< RQanitatjon -Is a voluntary organization and was organized on
Jun i 25, 1906 to take o /er the street railway properties in Massachu¬
setts formerly controlled bv the Consolidated Railway (Jo.
This ac¬
tion w *s taken because public sentiment In Massachusetts appeared
to be hostile to t he holding of stock of street railways by steam rail¬
Lu consideration of the turning over of the holdings of the
roads
I’onso idatnd Ry.,the New England Inv. -fe Sec. Co. issu-d to that com¬
pany promissory notes *ad all its preferred shares and the proceeds
of the sale *»f the common shares. See V. 83, p. 492
In r>ct., 1906,
shareholders of Worcester Kys. & Inv. Co. were ottered the right to
exchange their stock for pref stock of the New England Inv. & Se •.
Co. See V. 83, p. 1100.
Securitie * Ownpo -The following is a list of securities held bv the
New c.ngland Inv. & Seeur tv Co. in October, 1906 (seeV. 83, p. lloo):
WORCESTER & SOU TUB RIDGE STREEP RY. —Entire ($700,OcO)
capital stock; $224,000 first mortgage 41* p. c. bonds; $146,369 notes
pa\ able.
WORCESTER & P,L\CKS"ONE VALLEY STREET RY.-Entire
($20 ».< 00) capital stock: $257,076 notes payable.
WORCESTER KYS. & INVESTMENT CO—36,971 shares of stock
$520,300
(entire issue) of
the Worcester & Connecticut Eastern bonds, $1,050,000 are reserved
for extensions and impmvemeuts at 75 per cent of cost. A Kinking
fund on these bonds commences inl908, when *10 per bond is payable
yearly.
a’ive
better,
-nd kept
for sinking
1204. The Provide nee & Burrillville bonds
nr
Surplus
$1,952,4 50
Net earnings
Other income
64,073
Earnings— Of companies
acquired since June 30, 1906:
Torringlon
Bennington
Mer. So. <£• Comp, d- Um.su-k Yadey Winchester S>. Ry.
Jant'a0, 190c.
June'30, 1906.
Jun- 30, 1906.
Gross earnings...
$77,93i
$47,332
$54,835
32,410
Oper. expenses...
f>3,/75
29,^0»
Net earnings...
Fixed charges
12,107
11,457
$24,929
9,8 ‘>0
$12,030
$3,465
$15,070
$14,922
$24,157
Surplus
Operates all lines in New Haven and suburbs, 119*00 > miles,
aline fro u East, Haven io Branford. 8 093 miles; all lines in Hartford
and suburbs, 88 849 miles; all lines In Stamford and subu bH.l>*3*>9
miles; a line from the Massachusetts State Line oSuffield, 4 706 u.iics;
all roads in Meriuen, including line to Walllt gior 1.20*3 miles, and also
the city lines In New London, 9 094 miles: a line be ween Norwich and
New London, 10 4i 3 miles, city lines in Norwich, 17 004 miles; a line
a line lrom Providence to Woonsooket 10 miles
a line fiom Woon¬
socket to Milford, Franklin, Piamvilte and < ar^yvllle. 30 miles. »11
lines in Woonsocket, 22 nines; a line from Woonsocket to Pascoag, 10
miles; a line fiom Meriden to Southington, with a branch to Lake
Compounce, 13 miles, a line from Benulngion to Hooeio Falls, 16 miles;
a line from Turlington to Winsted, 13 miles; a line from New Rochel e
(where connection is made with New York City Ry.) to Stamford,
25 562 miles; city lines in Middletown and Portland, 10 410 miles; a
line from Willimantic to Baltic (whereconnection is made to Norwich).
II miles; a line from Hartford to Manchester and Rockville, 18 miles;
and a line from Worcester, Mass., to Danielson, Conn., with brandies,
51*040 miles. Including other lines, total track owned about 527
miles.
Also leases the Conn. Ry. & Ltg. Co., 198 miles, making total
Road
operated 725 miles.
Officers—Pres., C. S. Mellen; 1st Vice Pres , Calvert Townley; 2d
Vice Pres., H. M. Koobersperger; Sec , J. G. Parker; Treas.. A. S. Ma>;
Asst. Treas.. T. F. Paradise; Auditor. O. L. Campbell, Hartford. Geu’i
Mgr., J. K. Punderford.-V. 82, p 2-0,69L,HOu. 8b8, 1437; V 8 , p.
94, 379, 492, 1037, 1290, 1469, 1523; V. 84, p. 102.
(1) CONNECTICUT RY. <fe LTGH TING CO.
190 >, t<» tue Consolidated Ry. Co. prac
Lease.—Was leaded in Dec
etially in perpetuity. See terms in V. H4, p. 390.
This property is controlled by tne Uniteu Gas Improvement Com
,
of Philadelphia. Originally chartered in Conn., March 2,1895. as
Charter amended ana name changed March 2,
1899, to Connecticut Lighting A Power Co., for the purpose of uniting
various street railway and light and power properties In Connecticut.
Name changed as at present on January 10, 1901.
V. 71, p. 1269; V
72, p 44. It is a consolidation of the following companies, whose fran¬
pany
the Gas Supply Co.
chises
are
perpetual:
Bridgeport Traction Co.
I
Centra! Ry. & Elec. Co. of New Britain.
Derby Street Railway Co.
j
Greenwich Gas & Electric Light’g Co. I
Milford Street Railway Co.
Naugatuck Electric Light Co.
j
Norwalk Gas night Co.
I
In 1904 purchased the Roton
Cheshire Street Ry. See V. 79, p.
has any bonds outstanding.
Stock & Bonds.—
Common stock ($100)
Pref., 5% cum. after Jan. 1,)
1904 ($100).
s
Norwalk & Sn. Norwalk El. Light Co.
Norwalk St reet Railway Co,
Norwalk Tramway Co.
Shelton Street Railway Co.
Southington & Huntsville Tramway
Waterbury Traction Co.
Westport & Saugatuck Street Ry. Co.
Poiut Improvement Co. and the
Neither of these companies
2696.
Date. Interest.
Oulstand'g.
$9,191,000
Maturity
c onq 000
5,809,000
ref.$15,000,000,gold > 1901 ^ g., J-J 11,801,493 Jan. 1,1951
o 5
Int. at Colonial Trust, N. Y.. trustee.
1893
5 g., J-J
706,000 July 1,1923
Bridgeport Traction mort¬ Trustee, Fidelity Trust Co. of Newark, N J.
gage, gold ($1,000)
o* Int. at Redmond *fe Co., New York.
1st<fe
$1,000 s. f
59,700 Ap.2,1914
5
gage
Redeemable after April 2, 1904.
ConnecticutLi’tlngAPower 1899
J-J
209,000 Jan. 1, 1939
5
Bonds.—$974,700 of bonds are reserved to retire the prior bonds
still out. The remainder of the $15,000,000 may be Issued from time
Derby St Railway Mort >
to time for
1894
A-0
6
additional properties and new
and betterments. Statement to N.Y.
852; also V. 79, p. 2745. Listed on the
construction,improvements
8tock Exchange in V. 73, p.
New York and also on Phila¬
delphia Stock Exchange.
Bonds were formerly not subject to call, but on June 23, 1904, a
supplemental mortgage was ma ie giving the right to call bonds on
any interest date at )05 and in erest and establishing a sinking fund
of one-half of one per cent per annum on bonds outstanding; bonds
acquired by the sinking fund are to be kept alive and bear interest.
Bondholders assenting to the supplemental mortgage had their
Co. by endorse
expired Oot. 1,
bonds. See V.
interest guaranteed by the United Gas Improv ement
ment.
See V. 7 9, p. 626, for form of guaranty
Offer
1904, «nd was aooepted by $10,782,000 of outstanding
83, p. 969.
Road—The railways embraced comprise
198.2 m of track reaching
Milford, Bridgeport, Stratford, Southport, Shelton, Derby, Ansoma,
Seymour, Westport, Saugatuck, Norwalk, South Norwalk, Darien and
Stamford; also lines in Naugatuck, Waterbury, etc. System connects
with the Fair Haven & Westville Railroad Into New Haven from
Bridgeport and Derbv, and company also has a traffic
the Hartioid street Railway for reaching Hartford.
contract with
NEW
a total of 71,896 slni' es.
SPRINUFILD RAILWAYS CO.—50,000 shaes
common stock.
SPRLN . FI ELD STREET RY.—$10,200 capital
out of
pa\ael
notes
•.
,
pa\
a total of $....*
$200,000 5% debentures; $366,886 notes
RY. —$1,378,800, out of
BERKSHIRE STREET
.
stock; $372,000
of capital stock;
able.
WESTERN MASSACHUSETTS STREET RY. - $300,000 (entile
issuer of capita stock; $137,50 • notes payable.
HARTFORD A WORCESTER STREET RY.-Stock rights in 2,997
►hares of stock.
NEW YORK NEW HAVEN & HARTFORD RR -$500,000 of capital
St.’Ci,
Interest
Date
Sto k&, BjND^—
Comm n,
Pref 4%,
.$>0,000,000.
$10,600,000
...
J
S* e text
-
Outstanding.
$10,000,060
Last Div.
Jan,’07,$2
10,000.000
J
Sto<k - Dividends of 4 p c. per annum on the pref stock are cumula
tiv»- and u»e guaranteed by the Consolidated Ry.« o. and also $105 per
share In ease or liquidation
V h3, i*. 492. bee form of guaranty in
V. m3, 1102. This
toek maybe call d as an entirety at any time at
105 aud accumulate d dividends.
c
Dividends—First div. on pref. stock—$2—was paid Jan
,
1907.
»
TR JSTEtS.— Clias. 8. Mellen.iNatlia del Thaver, Chas. F. Brouker
Win. Skinner, Robt. W. Tart, Edwin Miln 3r and D. Newton Barney
V. 83, p.
1102, 1474
( l )• SPRINGFIELD RAILWAY COS.-A holding company.
Organization.—Formed In March, 1905, to hold a majority of ^be
Springfield St. Ry.. which had been purchased by the
stock of the
Consolidated Ry Co. Is managed by a board of trustees consisting of
seven members.
V. 80. p. 1363. In July, 1906 purchased a majority
of the shares of the Woronoco St. Ry., which company bad previously
leased the Western Massachusetts St. Ry. The Woronoco St. Ry. is
now leased to the Springfield St. Ry.
Date. Interest. Outstanding. Lad Oiv.
All owned by New Eng. Inv. & Sec. Co.
Stock & BONDS—
Common
1%100
P‘ ?y CUm'’ gUarl \
M/oc/c.-The
4 J-J
$2,887,950,July, ’06, 2%
pref. stock is redeemable on or after Jan. 1. 1906, at
105 and accrued dividends.
These dividends are guaranteed by Con¬
solidated Ry., as well as their payment at 105 in case of liquidation
or call.
See V. 80. p. 1363. i 9 L4.
TRUSTEES —Frederick Harris, A. Willard Damon. Jas. J. Storrow,
Charles S. Mellen. D. Newton Burnev. William Skinaer and Charles F.
Brooker. V. 80, p. 1363 1914; V. 83, p. 493
(a) SPRINGFIELD STREET RY.—A trolley road.
Organization.—Incorporated March 5, 1868. In Oct., 190S, leased
8pringfield & Eastern St. Ry. for 25 years at 4 p. c on the stook.
81, p. 1175, 1316. fn July 1906, leaded the Woronoco St. Ry.,
which in turn leases the Western Massachusetts St. Ry.
STOCK & Bonds—
Date. Interest.
Outstanding
Maturity.
Stock $1,958,400 ($100)
Text.
Text.
$1,958,400
New 1st M.,$1,500,000 \ 1903
1,400,000 April 1, 1923
4g A.-O.
gold ($1,000)
c* $ Springfield Safe Dep. & Trust Co., trustee.
the
V.
Baftd^Apr!10900).°?!!
\ 1895
payable Sept. *30, 1905,
Notes
100,000 April 1, 1910
4A*"°*
318,573
Bonds.—$100,000 of new 4s are reserved to retire the first 4s.
Dividends—In years 1893 to 1906, inclusive, 8 per cent per annum.
ROAD.—Owns 87 016 miles (ino. 22 103 mileR 2d track) of main track
and 6*729 miles of sidintrs. This does not include the mileage of the
Springfield & Eastern, the Woronoco 8t. Ry. or the Western Massachu¬
setts et. Ry. Operates 226 cars.
Earnings-—For years ending Sept. 30 earnings have been; figures for
1905-6, butnotfor 1904 5, include Springfield <fe Eastern;
$
$
Gross earns... 1,225,209
Net
349,337
Taxes, etc..
f
169,360
Interest.
(
-V. 77, p. 629; V. 80, p.
.
190
1904-5.
1905-6.
1,013,395
294.060
151,886
6.
1904-5
Diva.pd. (8%).. 156^672
156,672
Bal.for year, sur.23,305 def.14,498
Total surplus
Sept.30...
.155,018
131,713
1236, 1363, 1914; V. 81, p. 1175.
(b) 8PRINGFIELD & EASTERN STREET RY.—Trolley.
Organization—In Oct., 1905, was leased to the Springfield St. Ry.
4 p. c. on stock. V. 81, p. 1175, 1316. This company
formerly the Palmer <fe Monson St. Ry., but in May, 1901, name
for 25 years at
was
was
changed
as
above.
Interest. Outstand'g.
Maturity.
$370,000
See text.
1st mortgage, $500,000, ) 1902 5g. J.-J.
330,000
Jan. 1, 1922
gold ($1,000)
c” S Int. at Hampden Tr. Co., Springfield, Trus.
Loans payable. Sept. 30, 1905. $35,000.
Btnds.—Remainder unissued is reserved for 50 p. c. of the cost of
improvements and extensions.
Are subject to call after Jan. 1,
1907, at 110, after Jan. L.. 1912, at 107Lj, and after Jan. 1, ’17. at 105.
Road—Fifteen miles from Monson through Palmer to Ware, and 5
miles from Palmer to Bondsville and Three Rivers; also an extension
of 91* miles from Palmer to Ludlow; total 29*« miles.
An extension
from Monson to Fiskdale, about 12 miles, was under construction.—
V. 81, p 1175, 1316, 1494.
STOCK & Bonds—
Stock, $370,000 ($100)...
Date.
...
...
.
'I
(57
STREET
Feb., 1907. J
RAILWAYS.
stock of
All the
road.
(c) WORONOCO STREET RY.—A trolley
Organization—In June, 1906, leased the Western Mass.
20 years on a 4 per cent basis. In Jan., 1907, applied to
sioners for permission to consolidate with Western Mass.
See
p.160.
V. 84,
<fc BONDS—
STOCK
$250,000
St^ofc,
Date.
Interest.
Ry. fors¬
RR.St.Commi
8t. Ry
Outstand'g.
$250,000 Maturity.
1920
75,000
WS)gage\ g.!!d \ 1900 5**
ending Sept. 30, 1906. gross, $99,392;
$38,259; fixed charges, $13,517; div.,$15,00); sur., $9,741.
ROAD—Operates 17 miles of track from Westfield to Holyoke and
West Springfield. Leases the Western Mass. St. Ry., 12 miles. Total,
EaRNINQS.—For fiscal year
net,
29
miles.
WESTERN
MASSACHUSETTS ST. RY.-A trolley road.
Consolidated St. Ry. has been ac¬
& Investment Company.
Interest. Outstanding.
1906, 5bj%
$3,550,000 In Maturity.
the Worcester
quired by the Worcester Railways
STOCK& BONDS—
Date.
$4J)50,000 ($100)
deb., g ,$84 0,0001900
4bjg.M-S 700,000
1920
5
59,500 On demand
) 1897 5g. A-O
200,000 Oot. 1, 1917
$200,000. gold
S Am. Loan & Trust Co.. Boston, Trustee.
Marlb. A Wes1, mtge..) 1901
5 g. J-J
160,000 July 1, 1921
$lt 0,000, g.($1.000)o* ) Int. at Amer. Loan & Tr. Co., Bost., Trustee
15-vear coupon notes
45,000 Apr. 1,1912
1897 6 A-O
Wor. & Clinton 1st mort.> 1899
5 g. J-J
115,000 Jan. 1, 1919
gold ($1,000)
s Am. Loan & Tr. Co., Boston. Trustee.
Stock
Wor.con.
Real estate mortgages
Wor. <te Marl. 1st mort.,
Bonds—The
at
1906 .
Westb. bonds are
debt Sept. 30,
1.978.000
subject to call after 5 years
105.
Road—Operates about 143 miles of track, comprising practically the
Floating
Marlb. &
lines to
Clinton,
Marlborough, Norihborough, Shrewsbury, Grafton, MilV. 82, p. 1324. To be consolidated with the Woronoco Street
Leicester and Spencer.
See V 84, p. 160.
For year ending Sept. 30,1906: Gross, $1,523,964; net,
& Bonds—
Date Interest. Outstand'g. Maturity. $614,290; charges,
$348,196; dividends, $195,250; surplus, $70,844.
$3o0,000
$3 -0,000
mort., $1,000,000,> 1906
5 g. F A 200,000 Feb. 1, 1926
gold ($l,000i
s Int. at Springf. S. D. & Trust Co., Trustee.
PROVIDENCE SECURITIES COMPANYAre subject to call as a whole, but not in part, on or after
Organization—Incorporated in Connecticut in 1906 to take over a
1,1916, atlo8 and interest on six months’ notice.
Road—Operates 12 miles of track from Westfield, where it connects controlling interest in the stoc* of the Rhode Island Securities Co ,
bad been acquitedin Dec , 1906, by the N. Y N. H. <% H RR.
the Woronooo Street Ry., to Huntington. 70-lb. T rail. An ex¬
Shareholders upon payment of $10 per share were given $100 in
from Huntington to Lee is proposed to connect with the
tor oae‘1 share held. For terms of purchase, see V. 83, p.
Berkshire Street Ry.—V. 82, p. 1324: V. 84, p. 160.
ntlre stock is owned by the N. Y. N. H. A H. RR., which guar¬
(2) BERKSHIRE STREET RY.-A trolley road.
the debentures, pnu. and int.
.O-GANiZATiON Incorporated in Massachusetts on June 20, 1901.
& Bonds— Dale.
Interest.
Outstanding.
Maturity.
Franchbe perpetual. In 1906 absorbed the Hoosac Valley Street Ry.
-.
.
fc-ee text
through exchange of stock.
1907 4 g MN
■ ?)
May 1, 1957
Maturity. ($1,000) gold,)• Interest
& Bon Da—
Date Interest. Outstand g.
in New* York and New Haven.
($100)
(?.
...
tuds—The debentures are guaranteed, prin. and int, by the N. Y.
mort. $800,000,) l! 02
8<'o.000 Juno 1. 1922
5 g. J D
H.«feH. KR They* are subject to call on or alter May J,19L7,at
gold (+1 000)
o* 5 Girard Trust Co., Phllade phia. trustee
and interest.—V. *3. p. 1525.
5 g. M 8
see text. Mar 1,1925
St. Ry. deb .1905
Val. 1st mortgage.... 1897 J 5JAJNew Envi.
lOO.OoO
Tr. CoJulyl,1917
Bost, trus. (1) RHODE ISLAND SECURI TIES COMP ANY.—
1906, control was acquired by the Providence Securities
Val. ref. mtge.
( 1904 4g M-s
300,OOo Sept. 1, 1924
whioh see ab »ve.
$400,000. gold $ i .000) <Int. at Berksh. Loan <fe Tr. Co., Pittsf d, Tr.
payable Berkshire St.>
, oa nn.
Organization—Incorporated in New Jersey in June, 1902, for the pur¬
Sept. 30, 1905
(
iz»,ou4
of uniting under a single management the street railway, gas and
hands.—The Beikshire Street bonds of 1902 are not subject to call. electric-light properties of Providence and vicinity. '1 he Rhode Island
is payable and bonds may be registered at odice of N. W. Securities Company owns all the stock ($5,031,000 f. p. $100; of the
Co., Boston. The entire $200,000 of debentures is owned by
Island Co.” (V. 74, p. 884), a corporation created in 1902 by
England Inv. & Security Co
Special Act of the Rhode island Legislature. Leases fur 999 years
—For fiscal year ending Sept. 30,1905 (before acquisition
made by the Union Railroad Co., the Pawtuoket St. Ry. Co.,
Vabey Street Ry.): Gross, $188,736; net, $67,289; interest,
Rhode Island Suburban Ry. Co., to The Rhode Island Co., for
of such amounts that the United Traction & Electrio Go., the
$7s,736; deficit. $6,439.
Road—Operates from Pittsfield through Cheshire to Grent Barring¬
the shares of the three leasing companies, is enabled to pay
42*234 miles; 11 *66 miles oa private riirht of way; 70 b» T rail.
its bonds and dividends of 5 p . o. on its stock. Stock¬
26 miles from North Adams to Pittsfield, 6 mile* from Adam* to
of the Traction Co. on Aug. 1, 1902, received 25 shares of
Adonis and 2*4 miles from Willi onstowu to Vermont state line.
Island Securities stock for every 100 shares of Traction stock
about 77 m les of track
An extension from Gie.it Barrington
The Rhode Island Co. has no bonds.
Date. Interest. Outstanding. Maturity.
Connecticut State lin*- has been proposed. Also a connection
authorized—
tracks of the Western Mass St. Ry.
$20,000,000 ($100)
$12,000,000
Ser. A, $5,000,000,) -iqqo
4
3 ftOO OOO Auc 1 1932
(o\ WORCESTER & BLACKSTONE VALLEY STREET RY—A
road.
*
sinking fund 1% yearly. \
a.nuu,uuu Aug.i.uax
zaTI jN -Owns 16*3 5 miles of trolley Opened Aug 14, 1897.
Bnod8l’nklng fund000’000’t i902
5
3,381,030 1932
located In Worcester. Milllmry. Sutton. Grafton and North
Bonds.—The bonds and stock above reported outstanding were issued
bridge
Capital stock. $200,000 ($100), all outstanding; bonds, none
extension from Millbury to Worcester, a distance of « miles, was against the lease of the United Trao.«te El.Co. The remaining stock and
be issued only upon acquiring, by lease or otherwise, the
finished in Oet., 1901, thus completing the line from Worcester to
Whitinsville
total of 16*36 miles.
and electrio light properties V. 74, p. 578, 884, 1090, 1L40.
NDs—Dividends annual. In July, 1899, 4 p. 0.; 1900, July, 4
Earnings—Of the Rhode Island Co , the-' nion RR . th* Pawtuoket
none since.
Ry. and the Rhode Island Suburban, for the fiscal year ending June 30
NQs—For year ending September 30, 1905, gross, $67,064, net,
$3, 07.812; surplus above charges. $36 4,302.
$3i,t82; charges, 22,091; surplus, $9,091.
Of Rhode Island Company—President, Cnas. 8. Mellen.New
J. G. Parker; Treas A. 8. May.—V. 82, p. 870, 1269; V.
WORCESTER & SOUTHBRIDGE ST. RY.-A trolley road.
(d)
OsQANIZATl
)m—Incorporated in Massachusetts. Was leased in
Woronooo Street Ry. for 20 years on a 4 per cent
to the
June,
basis.
mileage of Worcester, together with
Lancaster. Hudson, Boylston, Berlin,
entire street railway
Fitchburg, Leominster.
Westboro.
bury,
Ry.
Earnings—
STOCK
Stock,
...
1st
Hands—
Jan
with
which
tension
Co.
debentures
e
1525
antees
—
STOCK
Stock
.
Debentures,
SrOCK
..
Stock
B
1st
N
105
Berkshire
Hoos.
i
Int. at
,
In Dec.,
Heos.
Co.,
Loans
Ry.
pose
Interest
Harris &
the New
Earnings
“Rhode
been
and the
have
of rioosac
rentals
owner of
ton
its interest, on
holders
Rhode
Also
North
Total,
to the
with the
held.
Amounts
Stock,
Bonds,
trolley
O-^QAN
Road
The
bonds oan
a
gas
DiViD>-
p. c.;
Ea<- N
1906, gross,
OFFICERS
Haven: 8ec.,
(4)
,
Southbridge 8t. Ry., the Wor- 83. p, 1525.
Ry. and the Southbridge & (a) UNITED TRACTION & ELECTRIC.
’28.
ORGANIZATION - United Traction dt Electric Company, chartered In
Interest. Outstanding Maturity. New
Jersey, owns the Union Railroad Company of Providence,the
$70-.000
Street Railway Company and the Rhode Island Suburban
4^g.M-S 500,000 Sept. 1, 1922 Pawtuoket
text),gold($1,000).o*) Int. at Internat. Trust Co., Boston, Trus. Railway Company, and thus controls the entire street railway sys¬
Wor.
South, mtg. (See text) 1905 43ig.J-D
2u0.000 Jiinel,1925 tems of the cities of Providence, Pawtucket and Central Falls, and of
Bonds—The two Issues of bonds of the Worcester A Southbridge St. the counties of Kent, Washington, Bristol and Providence.
The Union RR. Co., the Pawtucket St. Ry. Co. and the Rhode Island
Ry. are secured by the same mortgage, the mtge providing that bonds
be isi-ued up to $l,( oO.OOO, and are to bear date of ir-sue and be Suburban Ry. Co. have been leased for 999 years from July 1,1902,
the Rhode Island Co. for an amount of rental permitting the United
payable 20 years after date. Of the $700,000 out, $224,000 are to
Trac. & Electric, the owner of the shares of the three leasing oomowned by the New England Inv. «fe Security Co.
Road—Operates about 30-71 miles of road; 70 lb T rail.
to pay Its yearly fixed charges and
ts stock.
Earnings—For year ending Sept. 30, 1903: Gross, $120,957; net, {janles,
$53,li 4. charges, $59,762; def., $6,651.
STOCK db Bonds—
Dale. Interest. Outstanding. Div., Mat., Etc.
Stock
5 Q-J $8,000,000 Jan., 1907,1*4%
(5) WORCESTER RYS. & INVESTMENT CO.
1906 control wa* acquired by the New England In7. & Security
Up1r^vTA‘paw°is^ue^1893 5 M.-S. 8,894,000 Mar. 1,1933
Co. Minority shareholders were offered the right in oct., 1906, of
lsMooll) M$1 000Ug ) lntere8t at Central Trust Co., N. Y., Trustee.
exchanging their stock for pref. stock of the New r- ngiand Co. See V.
Divideiids—ln July, 1897, the company began paying quarterly
83.
1100.
Tliis is
voluntary association formed in 1901 and owns the entire dividends at the rate of 2 p. o. per annum. This was gradually in¬
creased to 1 p. o. quarterly Jan., 1899, whioh rate was continued unti[
capital etock (except only enough shares to qualify direc ors) of the Oct. 1,1902, when 1^ p. c. was paid. In 1903, 5 p. o was paid; in
Wore* ster
onsolldaied Stieet Ry. t o ann ot certain other Massachu 1904, 5 p. o. In 1905, 5 p. c. In 1906, 5 p. o. In 1907, Jan., 1 p.o.
corporations wli'ch are engaged in enterprises closely identified
Bonds—Total issue limited to $9,000,000, of whioh $8,000,000 were
with that of street railway trans. ortation.
originally Issued to purchase and equip the properties. By the terms
he holdings comprise 35,490 shares Worcester Consolidated St. Ry.
of the mortgage the additional million was reserved to pay for new
stock; 6,500 shares Electric Manufacturing Co., together with $59,track, which must be laid within 18 miles of the City Hall of Provi¬
690 demand notes of the same company; 1,000 shares of Quinslgadence, R. I., for which bonds can only he Issued at cost, hut not exceed¬
mond Park Co.; 28 shares of Worcester <te Shrewsbury RR.; 1,585
ing $12,000 per mile of such new track including equipment; $894,000
shares ot Marlboro & MestboroSt. Ry. and $80,600 demand notes of
of bonds had been sojissued up to latest dates.
that« ompany, and $14,700 (par value) of notes of Leominster & Clin
Securities Pledged.—The bonds are secured by the pledge of the
ton St. Ry.
securities deposited with the Central Trust Company of
STOCK—Outstanding 71,898 shares of beneficial Interest. Deed of following
York as trustee of the bondholders; all of the $9,000,000 capital
New
trust nrovides that all shares shall be non assessable, that there shall
be
personal liability of the shareholders, that no pledge or mort¬ stock of the Union RR. of Providence, all of the $500,dOO capital stock
of the Pawtucket Street Ru. (no bonds) and all of the $3,000,000 first
gage of the securities held shall be made without the consent of twomortgage bonds of the Union RR. of Providence, and, through the
thirds of the shares, and that no additional shares shall be issued
ownership of the Union Railroad Co., $299,800 of the $300,000 oapltal
without a two-thirds vote. Shares are said to be exempt from taxa¬
stock, being all but two shares, of the Providence Cable Tramway Co.
tion in Massachusetts.
The Providenoe Cable Tramway Co. is leased to the Union
Dividends—Dividends of $2 25 per share were paid Feb. and Aug., (no bonds).
Railroad Co. for 50 years for 6 per cent on its capital stock.
1902; in 1903, Feb., $2 25; Aug.,*2*2ft. In 1904, F«l>.,$2 25; Aug., $2 25.
In 1905. Feb., $2 (see V. 80, p. 224); Aug., $2; Nov., $1. (V. 81, p.
Treasury Securities—The United Traction & Electric Co. has in its
1243). In 1906, May, $2; Nov., $2.
treasury the entire capital stock ($5,000,000) of the Rhode Island
Earnings—For calendar year 1906grossinoome,$283,318: expenses, Suburban Railway Company.
$4.0 *2; dividends, $292,284; deficit, $13,658.—V. 82, p. 102.336, 630,
ROad.—All the above-described roads, 345 miles, are operated by
consolidation of the Worcester &
C68 er Rockdale & Chariton Depot St
eturbriuge St. Kv. V. 77, p. M*t .70. 1
STOCK & HCNDH—
Date
Stock,$7oo,000 (*LOO)..
Wor & South. 1st mtee.,) 1902
Is a
(hee
can
dividends of 5 per cent on
In
p.
a
i
setts
•
no
871; V. 83, p.
1100.
eleotrlolty.
CONSOLIDATED
ST. RY—TROLLEY.
R. I. SUBURBAN RY—A trolley road
incorporated in 1869, absorbed by con¬ (b)
Organization—Chartered June 2, ’99,by the Legislature of the State
solidation March l, 1901, the Leominster A Clinton, the Fitchburg &
of Rhode Island with power to construct,purchase, lease or operate trol¬
Suburban Street Rwy., the Clinton & Hudson Street Rwy., the Wor¬
ley roads In any part of the State except Newport County. By the
& Clinton St Rwy the Worcester <te Marlborough and the Wor¬
of Its charter It is vested with the power of eminent domain, and
<fe Suburban. Franchises perpetual.
In 1895 leased for 99 the right
to transport passengers, freight, express matter and United
years the North End St. Ry. of 5*13 miles, at a yearly rental of $8,000.
mail in any territory where it is authorized to do business.
North End has $llu,000 C$100) capital stock and $75,000 5 p. o.
(a) WORCESTER
This company,
cester
whioh was
,
terms
cester
The
1st mortgage
bonds due Feb.
1,1915; interest, F.
A A.
States
lc.ROUNDS
[mctaiRIE-
-
f,E_ME.TE.HT_
LOU/SIJINJ
f?Y
& H/)V
CO
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sab
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NINE MILEPOINT
one-
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e r.y
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'L
SHOWING
t
New Orleans Railway
AND
’?
V;
Light Co. Properties
REFERENCE
<$>
'ftScaJc
'3o1,1
lOOO'
of
3000'
feet
REFERENCE
Electric Railway Lines of the New
Orleans Ry & Light Co.
Underground Electric Distribution Area
■
E2E3E3E2 Populated Area
■^T
Power Stations
X
Sub-Stations
•
Car Houses
Real Estate
Gas Works
Public Belt Line
Steam Railroads
Stock & Bonds—
Stock, $5,000,000
1st. m.g.
p.
($1,000) guar,
<fe i.. $5,000,000... c*
Date.
Interest.
Outstand’g
Maturity.
$5,000,000
1,1950
4 g. J.-J.
1900
4,682,000
Jan.
Union Trust Co., Providence, Trustee.
Int. at office of the Ry. Co., Providence.
Traction
and guarantees
Com
United
Traction
Company, which
guarantees
the pay
issueElectric
being guaranteed,
principal
and interest,
8any,
the former
by
le
Cumberland bonds.
Pledged—Tile bonds are secured by a mortgage on all
owned or hereafter acquired by the company, and by
pledge of the following securities: 700 shares of the Cumberland
Street Ry. Co.; 3,985 shares of the Pawtuxet Valley Electric Street Ry.
Co.* and5.00o shares of the Harrington Warren *; Bristol St. Ry. Co.
Road—Owns and operates what was formerly the Oakland Beach
branch of the N. Y. N. H. «& H. RR., about 11 miles in length, and has
converted it into an electric road, and ha«, including the several divi¬
sions built in the highways, a total of 7 38 miles of track.
ment of the
Co. bonds are subject to
of $10,000 per annum is pro¬
bonds. The St. Charles St RR.
amount will be re¬
market The N. O. Traction Co bonds
have a sinking fund of $7.50o per an. for redemotion of bouds at 105.
Of the $30,000,000 mort of the New Orleans Railways A Ltghr Co.
$12,669,000 are reserved for prior liens and $3,543,000 for future ex¬
Lake RR. bonds. The Merchants’ Electric
call at par at any time. A sinking fund
vided for redemption of Orleans RR.
bonds are not subject to call, but a proportionate
tired yearly by purchase In open
Electric Co. owns the entire capital stock,
the bonds, principal and interest.
Bonds.—There are reserved in the hands of the trustee $318,000 to
take up and retire $247,200 5 p. c. gold lirst mortgage bonds of the
Pawtuxet Valley Electric Street Railway Company and $70,000 6 p. c.
gold first mortgage bonds of the Cumberland Street Railway
The United
69
STREET RAILWAYS.
Feb.? 1907.]
interest on the
SECURITIES
the property
subsidiary
60
date
improvements and acquisition of securities of the
companies. They are subject to call on any interest
upon
days’ notice at 105 and interest See V. 82, p. 1497.
Dividends.— First quarterly dividend on pref. Htook—1*\ *4 p. 0.—was.
p. e.
paid in Jan., 19"6, and 1*4 p. 0. was again paid in
July, and 14 p c. in Oct, 1906. In 1907, Jan., 1*4 p. c.
Road—Companies controlled operate 52 35 miles of
63.93 miles of second track and 11*91 miles of spei ial track;
.»
.
track, 190 92 miles.
Report- F«*r oalendar year 1905. gross. ’$5,093,709; net,
249; fixed charges, $1.^84,226; surplus. $638,023.
OFFICERS—Brest. Elwin C. Foster; Vlce-Pres., R M.
Vice-Pres. nnd Seo'y, Joseph H. DfGrange; 3d Vice Pres., A 8 Gibbs;
Treas. and Auditor. H. A. Ferrandou.
V. 81, p. 508. 6 4. 1792, 1849;
tensions,
inApril, 1*4
single track,
total
$2,422,Walmsley; 2d
V. 62, p
692,869,925.14 8,1497; V. 83,
p.272,1411; V. 84. p.339.
SECURITIES CO-commerced against the company by the Dis¬
LONDON, CONN.
NEW
RY.~ A trict Attorney,charging violation of the anti-trust law. See V. >-4, p. 221
NEW LONDON & EAST LYME ST.
Organization -Incorporated in New Jersey in July, 1903. In ta
trolley road.
Dlebelow we give the names of the companies controlled and the
Organization.—Incorporated in Connecticut in 1899 as East Lyme amounts of stocks and bonds of each outstanding, together with the
St, Ry. and name changed as above on Dec. 1. 1904.
Intended in Jan., amounts acquired and pledged under the collateral trust mortgage of
1907, to apply to Legislature for permission to increase stock to $500,the Southern Electric Securities Co.
000 and to build an extension from Niautic to the Connecticut River.
Capital Stork—. -1st Mort Bonds.—.
SOUTHERN ELECTRIC
A
holding company.
In Jan., 19<»7. suit was
—
V. 84, p.
159,
Date.
Stock & 8o*r s—
Com., $155,000 ($100)
Pref.,$70,0u0 6% ium., >
($100*
$
Interest.
Outstanding.
$80
000'
Maturity.
Southern
70,000
5 g. A-O
200,000
April 1, li<35
1905
Int at Thames Loan & Trust Co., Norwich.
B' vds -Trustee is Treasurer of State of Connecticut.
t<ond- are
subject to call at any time at 120 ano int
Earnings- Prom Oct 7, 1905. to Juue 30. 1 900, gross $23,651; def
from oper., $2,54"; fixed charges, $9,590; deficit, $12,137.
Road -operates ll mbes of track from New London to Niantic.
70-lb. T rail. 9 cars. Owns a park in Flandres.
$200,000,)
c* $
gold <$1.000>
1st mtge.,
PUdycrt
Issued.
Co >600,* 00 $60",000
Light * Tract. Co.,
Same of company—
Beaumont (Tex.) Tract.
*
Issued.
Pledged.
$5o0,000 $100,000
266,000
340,<>00 340,000
60,000
15,000 305OOO 60,000
32,000
500,000 37 .. 00
in shares of $100 each, exc-pt the Jen¬
456,700
15,000
El. L. <fc P. Co.
Natchez, Miss
..
Jennings (La.)
Vicksburg Ry. * Lt. Co
The stocks pledged are
.
all
nings Co., which are $50.
Capitalization of Southern
Elictric Securities
( o.
Ou'stand’g.
Maturity.
$1,000,000
...
..
1904
876,000 April 1, 1934
Int. at Knickerbocker Trust Co., N. Y., True.
OFFICERS.— Pres., Thomas Hamilton; Viee-Ries., Walter R. Denison;
Botuis.—The $676,000 outstanding were issued in payment of the
See., F. P Latimer: Tress., Philip C. Dunford; Supt., Lorenzo Bent¬
securities given in table above, and remaining ♦724,000 are reserved
ley.— V. 81, p. 1396; V. 84, p. 159.
for acquiring additional stock and bonds.
A sit,kino fund of 2 p. c. of
outstanding bouds commences on April 1. 1909. Bonds are subject to
NEW ORLEANS, LA.
call on anv interest date at 105 and interest,
OFFICERS—President, 1 ynn H. Dinkins; Vice-Pres., E. C. Foster; Sec
ALGIERS GOULDSBORO & GRETNARoad—3-75 inileH with animal power. Capital stock, $25.uoO; bonds and Treas.. H. M. Young.—V. 79. p. 104; V. 80, p. 1972; V 83. p. 39;
M. Halliday: Gen. Mgr.,A.Roupueh.
ORLEANS RAILWAY & LIGHT CO--
$25,000. Brest., Treas. A Supt.. A.
NEW
STOCK & Bonds Stock. $1, 00,000.$160.
Coll. tr. M.. $1,600,000 >
gold ($1,000)
c' \
V. 84, p
Interest.
5g. A-O
Date.
.
221.
NEW YORK CITY, N. Y
system, (6’e- map on t agt OS.)
ORGANIZATION—Incorporated in Louisiana on ,1 urie 1 2, t 905, as a re¬
MANHATTAN RY-^ce Ry. & Industrial Supplement.
organization or the New Orleans Rys. Co. per pin in V. 80, p. 651.
Old common stockholders p-id an as**esstneiit of $10 per sluie and
IVI ETROPOLITAN SECURITIES COMPANY.
receive ! $10 in new preferred and $35 in new com mm; old preferred
Incorporated under the Business Corporation Law of New York on
paid *20 assessment and received $20 in new preferred and $100 in February’ 1», 1902, with a capital of $30,000,000. It holds the entire
Comprises all the street railway atid lighting interests outstanding stock of the New York City Ry., which in turn leases
new common.
of New Orleans. Stock and bonds were listen on New York Stock Ex¬
the Metropolitan Street Railway Co.
V7. 74, p. 379. Also owns all
change in June, 1906. V 82, p. 1497.
the stock of the People’s Traction Co. and the New York Westchester
The New Orleans Railway *■ Light Co. owns $2,450,800 of the
& Connecticut, and $3,379,200 of the stock of the Third Avenue RR ,
$2,499,500 common and $4,826,800 of the $4 99ifo»0 preferred stock $4,500,800 additional hein* owned by the New York City Ry.
of the New Orleans rity RR., the entire $234,700 stock of the Oilcans
The
powers
of the
company are very broad and allow
RR., the entire stookof the New Orleans & Poutchartrain UR., the en¬ It
to
acquire the securities of corporations of New
tire $2,500,000 common and $4,588,000 of the $*,600,0OO^referred
State
any other
State, “including corporations which own,
or
stock of the New Orleans <fc «Carrollton RR. Lt <fc Pr. Co., $946,000 of
operate or lease, or which are organized for the purpose
con¬
Rallway and lighting
York
$10,000 stock
p. 1415*, and
Gas Light Co.
The New Orleans City RR Is leased until Dec. 31, 1955, to the New
Orleans Ry. * Lt Co for 5% on the pref. stock and :U% until Jan. 1,
1908, and 1% thereafter on the common stock. The New Orleans Gas
Light Co. is leased to the New Orleans Lighting Co. until Marih 1,
1925, for t % on its stock. See V 82, p 1502.
City proposed to build a municipal lighting plant, but bids were re¬
jected in Nov., 1903; contract lor 10 years from Oct. 1,1905, later
awarded to the New Orleans & «'arrollton RR. Light A Power Co., one
of the constituent companies of the New Orleans Railway
Light Co.
Franchise .- The N. O. City RR, • o. franchise- expire from 1943
to 1962, except two expiring in 1915 and 1917; the n. O. A Carroll
ton franchises expire in 1933; the St. <'harms Street RR. franchises
expire in 1956, and the Orleans RR. Co. iranchi*es expire in 1951.
Gas franchise 1h perpetual and is exclusive until 1925.
fcdeotrlc light
franchise Is perpetual.
STOCK & Bonds—
Date. Interest. Outstand’g. Maturity.
of the St,. Charles St. RR.. the entire
(entire issue) of the New Orleans Lighting Co. (V 83,
$3,637,000 of the $3.75' ,0i>o stock of the New Orleans
the $953,900 stock
$20,000,000 ($100)
Pf.5%.,$10,000,000($100)
Com.,
$2o.000,000
5 Q-J
10,000,000 Jan ,’07,1»*%
11905 4*s g. J.-J. 13.* 68.000 July 1,1935
$30,000,000 V Interest at New York Trust Co., Trustee, or
gold i$1.0< 0i
.oM at office of company
N. O. City gen. mortgage, > 1898
4-5 g.
3,200.000 July 1. 1943
$3,250,000, gold
5 Int. payable at Louisiana Nat. Bauk, N Or.
1893 5 g J-J 2,786,o« o Jan. 1, 1943
^-Vnnrwmn l Suf>- to 0(1,1 for 8 f* 011 & aft-July 1/98 at 110
l8L,ouu,uuu /Coluruljia Finance* IT.Co.,Loulsv..Trustee.
gold, $500 Ac
o j jnt payapic at New Orleans Nat. Bank.
MO
Ut mnrt,) 1897
6 g J-J
*3.000 .Tilly l, 1917
^
/on
z Interest at Louisiana Nat. Bank,
gold, sk. fd. ($1,000) .. ^ pi,lHl ly TrUHt (jo., Louisville Trustee.
. ( 1901
5 g J-J
200.000 'Uly 1,1943
N. O. Pow&r-limlse mort. S Fidelity Trust Co.. Louisville, Trustee.
gold, $200,000
^ fnt. at Louisiana Nat. Bank. New Orleans.
N. O. & Car consol. M..) 1899
5J- J
1.875,000 Feb. 1. 1933
$2,000,000, r$500 and [ Interest, at Whitney Cent. Nat. 'Bank,
$1,000)
) New Orleans.
Canal A Claiborne RR. ) 1896
6 g. M-N 749,000
May 1. 1946
consol. M., g., $800,000 > Interest at Whitney Central Nat. Bank,
($500 A $1,000)
S New Orleans.
5 J-J 2,500,000
Jan. 2, 1929
Edison Elec, of N.O 1stM ) 1899
($l,000)s.f.,$2,500,000c’ ) Amor. Loan * Trust, Boston, trustee.
Merch’ts Elec. Co. 1st M., ( 1899
5 g. J-J
300,000 July 1,1929
$300,000, gold ($500) o’ S Merchants’ Loan* Trust Co., Chicago,Trus.
New Orleans Gas L. Co..
1883
5 J-J
76,000 Apr. 18, 1913
[$46,000 can be retired at any time and $30,000 April, 190*.)
Interest at the People’s Bank, New >rleans.
Orleans RR. mortgage, A 1895
6 J-J
300,000 Apr. 8, 1912
nou-cum
Light Co.,
N. O. Ry. &
gen. mort.,
M
„
_
„
lInt. at Commercial
Nat. Bank. New Orleans.
1907-1912
..
5} jyjav
18971)0 cane(^
6 J-J
100,000
,
mort.,gold—o
at; par after 10 years.
8t. Charles Street 1st (1902
4 g. J-J
375,000
M.,$600,000 ($1,000),-] Interest at Canal Bank <fc
gold, o
... (
Orleans.
Jan. 1, 1952
Trust Co., New
Bond#-On the New Orleans & Carrollton consolidated bonds $20,000 per annum is payable to a sinking fund.
A sinking fund of
$30,000 per annum is provided for the redemption of N. O. City &
Merger
with Interborougti
the shares of the
Street Ry
Interborough-Metropolitan Com¬
InterboroughtheRapid
Met¬
stock wiili 75 paid
Rapid Trans‘t.—Both
Metropolitan Securities Co and those of the Metropolitan
Co. have passed in large part to the
pany under a menrer arrangement with the.
Transit Co entered int * in January. 1906. Stockholders of
ropolitan Sccuritle- < o. in exchange ror their
thereon were given 934i% of their Holdings in comuiou stock of
Interborough Metropolitan Co., while holders of Metropolitan st
new
stock receiv d 100% in pref. and 55% in comm-m stock of
the
Ry.
the
Feb., 10, 1907,
Co. had been
exchanged on this ba-is and $42,74 0 000 of the $52,000,000 stock of
the Met rit. Ry
For net-ails of the securities of the Interboiough
Rapid Transit Co. and the Interborough-Metropolitan Co , see our
and
Section
See clan in full 1n V *2, p. 280. Up to
$29,373,100 of the $30,000,000 stock of the Securities
company'
Railway'
Industrial
STOCK AUTHORIZED—
Stock, $30,u0o,000 (par $100)
Date. Rate.
•
Outstanding.
$75 paid in
Last dir.
.
$300,000, gold..... c
Q
8econd
of
leasing street surfaoe rai roads,
elevated railroads, rapid transit railroads, underground railroadB,
tunnels, bridges, tunnel railroads, railway terminals, or railroads of
any character or description in the City of New York or its suburbs,
or in territory adjacent thereto, and corporations engaged in furnish¬
ing or organized to furnteh eleotriclty for any lawful purpose, or
power in any form, for use upon, or which may be used upon, street
railroads or other railroads,” etc. Also” 10 purchase, acquire, hold
and dispose of the stocks, bonds and other evidences of indebtedness
of any corporation, domestic or foreign, and issue in exchange there¬
for its stock, bouds or other obligations ” The duration of the cor¬
poration is to be a thousand years. The directors need not be stock¬
holders unless the by-laws of the company shall so require. On June
In Jan.,
10, 1903, second payment of $25 per share was made
1906, pursuant to plan of amalgamation with Interborough Rapid
Transit, another call of 25 p c. was made, making sto« k 75 p e. paid in.
owning, operating or
structing,
CITY RAILWAYIncorporated in New York on Nov. 25, 190U as
Kailway, with a capital of $500,000, but on Feb.
10,1904, assumed name as above. V. 78, p. 48; V. ^7. p. 1874. Di¬
rectors need not be stockholders. Arrangement for financing the needs
of the Metropolitan Street Ry., under which the amount of The stock of
tne Interurban was increased to $20,000,000, was made in Feb., 1902.
V. 74. p. 379. Metropolitan Securities Co. owns all the stock and is aiso
’o acquire all future issues of stuck or securities of the New York City
Ry. The Interurban Co. leaped the Metropolitan Street Ry. for 999 years
from Feb. 14, 1902. for 7 per cent per annum on its stuck.
In a suit
brought bv Isldor Wonnser Jr., Justice Scott 1u tlie New York Su¬
preme Court on June 22,1903, declared the lease valid and dismissed
the charges of fraud.
This decision was unanimously affirmed by the
Appellate Division on Nov. 1 , 1904 V. 79. p 2*56 The case was
carried to the Court of Appeals, which on Feb. 13, 1906. sustained the
lower courts in dismissing the complaint on the ground that Wormser,
having a vailed of some of the privileges of the lease agreement, was In
no position to briDg suit, butdid not pass directly upon the validity of
NEW YORK
This company was
the Interurbaii Street
the lease
V. 82, p. 392.
70
STREET RAILWAYS.
Divide nds
Stock and Bonds—
Date.
Stock, authori’d $20,000,000)
par,
$100
Rate,
(hi'standing
3 A-O
l.'fli.ooo
also due
April, 1912
9.550,0o0
.
H.
FT.
year notes.
Of the stocks and bonds of the various controlled companies, some
quite considerable amounts are owned by other companies in the
system. The following shows these holdings and by what companies
held:
SECURITY HOLDINGS OF NEW YORK CITY RY. AND ALLIED COMPANIS S.
Jr.—V. 82, p. 161, £09, 9a7;
Vreeland ;
Vice Prests., Oren Root Jr.
V. 83, p. 8t 0, 9b6; V. 84, p. 391.
METROPOLITAN
the
Metrop. Securities Co. on Dee. 31
1906, $3,638,500 stock under subscription and $3,915,000 of the 10was
OFFICE hS—President,
and D. B. Hasbrouek; Secretary and Treas’r, C. E.
Warren; Auditor
D. C. Moorehead; PurclL Agent, A. C. Tull.v; Gen Manager. Oren
maturity
$9,361..“.00
>
10-year notes, $15,000.000... ' 1302
Loans Ablll8 payTe Dec.3
T6
Note—There
i-r
[VOL. LXXXlV.
STREET
Root
RAILWAY—
Underground trolley and horse.
Merger with Iufeeb trough, Rapid Transit — Up to Feb.l<\ 1907, $42,740,0u« of the $52,000,000 stock ol the Metro] olitun S'. Rv. had
been i xchanged foe the stock of tlie rntei borough M<*tr
»p ilpan Com¬
pany, basis of exchange being * 100 in-i>ref a* *i $ »r in cun stock of
the new company ior $'00 of Vfe’rmnli *u -t Rv.
Sue V. 82, p. 280,
and remark*, above under
Metrop litan Seem Hies C>*.
ORiianizaTion—Organized on Nov. 12. 1895. and by consolidation,
lease and
otherwise acquired control of practically all the street
railways of Manhattan Island except the Manhattan Elevated
Iu July, 1901, the New York Transportation Co
f
' *
having purchased
Third Avenue Kit
the Metropolitan Express Co., inaugurated an
15.595.S00
express service on the
Sec. Co.
116*H0
Eighth Ave. line. V. 73, p. 3 >.
I). D. E. Krotid’y & batt ery. 1,20 ),0"0 Third Avenue KEt
dl,>00,000
3,100
42d Sr. Muuh. \ St. Nich... 2,5 0,000 Tnird Avenue lilt.. *i 40-*,800
O* 8ept. 1, 1904, the Union Ry. Co. established express
8o.2uo
trolley pas¬
Union (iv.ro
se ger service between t"e Bronx Park
je.OOO,* oO Third Avenue K't.. *2.000.000
Station of the Manhattan
Tarryt. Mmn. * White
30'.00 ) Third Avenue Kit
* oO.'WiO
Kiev. Ry. and New Rochelle aud Mount Vernon.
V
79, p. 903.
Southern boulevard Kit...
2 00 0
Third Avenue Kit..
*248.3(0
1,700
J ease.—On Feb. 14, 1902, the Metropolitan Street Ry. was leased for
Yonkers ltK. C »
1.' OO.noo Third Avenue Kit..
*-92.(00
7,r.00
7
cent
stock
to
the
Interurban
per
on
its
Street
Westc'iemer Kiec» rie Kit..
5X)00i Third Avenge lilt..
Ry (now the
*500.000
New York City Street Ky.) for 99k years. V. 74. p. 379.
Kingsbrid.-e Ky. Co
8,0)0 Third Avenue Kit..
*■'000
Metropolitan
Do sut«Hcrl o’n ft r balance
St. Ry. stockholders were given the right to subscribe for
991,40 > 'Third Avenue Kit..
*091.-*0 )
$23,400,000
Central Crowwt'>wn lilt
(50".'0> Metrtipo bail st. Kv.
stock of the new Metropolitan Secuntus Go. The lease has been sus¬
9'.200
5 2.-0'
Fulton Street ItK
V) et rooolknii St. Kv.
> 00.000
£0 ,0 0
tained by the < ourts. Seeri-marks above linger New York
City Ry.
2.vih & 91 h Sis CroHStown. 1.500,0 »" Metropolitan St.Kv. l.-)*0,000
Francoises -All Iranclnses are perpetual, excepting the
34th Street' nm-town..
1,0 le.oOh Metrop* lit-mSi. Ky. +l,0"".OOo
Kiugsbridge
franchise
B wty Jt Seven: h a ve. KR, 2,100.u00 Metropolitan St Kv + i.4t0."0
covering 3 4 miles. For decision in New York Supreme
7< 0 OnO
Court adverse to the validity of the iranchise under which the Lex¬
Cent. Pat h IS A E. -‘iver.. 1,8 0 OnO
Metropolitan St Ky.
+*O",0o0 l.fOo.O <
4rd 8t. A Gr.ind St. Kerry..
Ave.
ington
extension of the Houston West Street <fe Pavbnia
748,000 Metropolitan St. Ity.
+40 ».<0 >
848,' O'
Ferry
RR., and also the line across 116th Street was built, see V. 72, p. 45.
Total held.
2i19-300
Franchise Tax Legal - For decision of Court of Appeals in the case of
the Metropolitan st. Ry., attirming the validity of the franchise tax
Tota'
In hands
Flo da
issued.
Of which h“ld by—
law, see V. 76, p. 972. On May 29, 1905, the U. 8. Supreme Court
of public.
*
II
unanimously affirmed the decision of the N. Y. State Court of Ap¬
Cent. P. N. a E. Kiv. lilt. 4s. 1,2(0,000 Metropolitan St. Ky.
al,20o,0<)0
peals. V. 80, p. 2844. For reduction in assessnn-nts in legal proVHdSi'eet Kv. 1st rs
25n,' 00 Metropolitan •-'t. lty.
250 .< 00
oet-diDgs, see V. 76, p. 331; V. 80. p. 2621
4?d St A <;mud st. K’y 0s..
For decision as to car
330,o0d Metrop<<liian St, Ky.
230.0)0
taxes, see V 75. p. 13h9. For decision as to tax on capital stock for
42d St.Mail A St. N. 2d M.. 1,600,000 Third Avenue Kit.,
the
year 1897 see V. 80, p. 1913.
7M.0'U
Do It. K. mortgage
1( 0,000
Third Avenue Kit..
1' 0,000
Transfers —For decisions as to transfers, see V. 78. p. 288 an!581
Metronol’n Crosafc’n KR. Es
OOu.OoO Metropolitan St lty.
+300,(too
and V. 79, p. 269, 2147. 2588, 2642; V. 8q p. 452; V 84,
300,(00
p. 391.
Broadway Surface KK.bis. >
New Yorft City Ky..
1."00
Broadw-n Surface KK. bdg. >
Brook yn Bridge Convection - Cars of the Metropolitan lines
Metropolitan S'.Ky. + 1,0 O.Oi-o
began
cCentral Crospt’n con 4s.. 2.500.000 Central < ro»«
to run across the Williamsburgh
<>wu..«'2,490.000
Bridge in January, 1905.
Br’wayATth Av.lstM
1,500,000 Metropolitan St Ky. +1. 00,000
Stock & Bonds—
nty.
Total held
Stock ($100), $52,000,000.
0,920.000
Q-J15 $52,000,000 Jan., ’07,1\
Refund
♦All deposited under »he Tbi-d Avenue KR. Is* consol. mtge. of 19^0.
mtge., gold.c&r, S 1902 4 g. A-O 16,604,000 Apr. 1, 2002
+ A11 cepoHited utioer me Met run* *l't*t" -*t Kv general collateral
trust mort¬
$65,000,000($l,000,«fco) MortonTr. Co.,N.Y., Trus. Int. atoffl. of Co.
gage of *-97 aud i he refunding mortgage of 19 2
Metropolitan
Street Ry.—
ipolit
aTbe>-e bonds matured Dec. I 190 .ano w-re taken uowith
Me'ropolitan St.. Gen. col11. tr. M., $12,500,-; 1897 5g. F-A
12,500,000 Feb. 1, 1997
Rt. refunding 4s. but are held as an a*»*«et hv * h» Me> r »pobt >q St
Ky.
000 g. ($1000, &o.).c*<fer s Int. at NatL Bank of
bOf this mil unt, $3 *7,ou0 are deposited under the Third Avenue KR. 1st
Commerce, N. Y.
consol, mortgage of D-Oo
Metronol
Crosst 1st
M $
1890
5 A‘-°‘
600.000
Apr. 1,1920
Metropol.
Crosst.
1st
M.
cThese bones are all deposited as collateral for me Central Crosstown RR.
^ Int at N Y TniPt Co N Y Xrua
3-year Dotes.
Lex. Av.& P. Ferry 1st M S 1893
5g
M-S
5,000,000
Sep.1,1993
dot this amount, 11,17 ‘,0 0 l* denost'ed under the Third Ave Hit 1st
con. M.
gold
o*«fcrr} Int. at Nat. Bk. of Commerce in N. Y.
Road-The following shows the aggregate of Lack operated June Columbus & 9th Avenue
1893
5g.
M-8
3,000,000
Sep. 1,1993
30, 1906:
1st mort., gold..
c&r. < Guaranty Trust Co., N. Y. City, Trustee.
Mi let of track—
So. Ferry 1st guar. ($lo00) / .QQQ
Etec'ric.
Hors*.
Total.*
K A
r\
Manhattan Borough
350,000 Apr. 1,1919
223*244.
92'532
315 776
$350,000
\
5A-G
Bronx and Westchester Co..
volO.tO
20L0>0
B’way Sur. RR., 1st M
5 J-J
1,500,000 July 1,1921
Mort. on car stable prop-) 1899
950,000
Total*
424 274
erties to Mutual Life.... £
92-532
516-800
*
(Extended.)
Includes mileage not operated and tracks in car barns.
Lessor Companies—
Notk. The company is still using 3,111 horses In its
Broadway <fe 7th Ave. lstcon.1893 5g. J-D $7,650,000 Deo. 1,1943
operation of
the lines In Manhattan Borough.
no
do
2d M ..1884
5
J-J
500.000
July 1, 1914
Equipment—The New York City Ry to which the “Metropolitan” is BleeckerSt.<feFultonF. 1stM. 1876 4 J-J
700,000 Jan. 1, 1950
2d
Ave.
1st
mortgage
1885
M-N
5
leased, reported its equipment as follows June 30,190 6: Box cars,
1,280.000 Nov. 1, 1909
2d Ave. debentures
1889 5
J-J
motors, 1,920; others, <ci5; open oars, motors. 928; others, 151; com¬
89,000 Jan. 1, 1909
2d Ave. 1st consol, mort.
bination cars, motors, 155; express oars, motors, 30; freight motor
1898 5g. F-A
5,631,000 Feb. 1, 1948
Christopher A 10th S 1st M.1898 4 A-O
cars, 5; service motor oars, 31: others, Id; snow plows, motors, 12;
210,000 Oot. 1, 1918
t8th Av.certitloatesof h debt.1884
6 F-A
others, 7; sweepers, motors, ,5; others, 1L.
750,000 Feb.,
Grand total, motors
1914
Central
Crosstown
1st
M
.1882 6 M-N
3,159; other than motors, 394.
25d,000 Nov. 1, 1922
'do
notes, $2,250 000 1906 5
LaT ‘•t E rnings—For combined statement of the Interborough
2,250,000
May 1,1909
Third Avenue HR— See that
Rapid Transit Co. and N. Y. City Ry. for the quarter ending Sept.
company’s statement.
Co
mpanies separately operated—
30, 1906, see V. 83, p 1228. For earnings of New York City Rwy. lor
28th & 29th St. Crosst. 1st M.1896
5 A-O
quarter ending Deo. 31, 1906, see Chronicle of Feb. 23, 1907.
1.500,^00 Oot. 1, 1996
34th
St. Crosstown 1st M
1896
5 A-O
REPORT.- Following ar« the Azures of earnings separately given fot
1,000,000 Apr. 1, »996
Fulton
1st
St.
RR
all of the roads in the system for the fiscal
M., gold 1895 4 M-N
500,000 Nov. 1.1995
years ending June 30. 1906
t Inrerest on the $75<s000 certificates of indebtedness of the
and 1905.
Further details and also ba'anoe sheet and other facts will
Eighth
Ave. RR. is paid out of the $215.0»-0 renta. which the
be found in the Chronicle of Oct. 20, 1906
V. 83, p. 966.
Metropolitan
Street Ry. pays the Eighth Ave. RR.
Cross
Net
Other
All
Balance
-Bond8—The Lexington Avenue <& Pavonia
taro inos.
Ferry 58 and Colum¬
earnings. income.
charges.
sur. or <Uf
bus
Ninth Avenue j s were fully described in V. 60,
$
$
$
*
p. 1146
Both
f
New York City ) 19Y1-O0 17.425,000
were guaranteed and later assumed
7,8*9,149 1,089.939 11,^25,403 def 2.280.815
the
Street Ry. Co. The
lty
{ 1904-05 10.7(.M,OO4 7,387,-31 100.489 11,100.387 def.2,080,207 Col. <fe9tli Ave. has been merged intobytie Met.
Metrop. and its* sto k can¬
28'b and 29th ( 1005-00
J 00.737
31.2Wi
87.414
Total
issu-d.
*
Stock
Of wh ch h tldliy—
,.
l
h
of
pu
in
is
lie
,
,
{
U
j ^ioo'000 }
...
...
....
.
f
.
..
,
...
.
Sts
) 19 '»->*6
34th St Cross ) 1 05-00
town Kv
i 19i*4-05
Fulton Street / 100 >-04
Hit
\ imi 4 i 5
4^d St. Man. & 11905-00
St.N.Av. Ky. S 19i)4-05
Dry D. E. B &) leO5-O0
Battery ltR.) Lv*04-05
Kings bridge? 1005-00
Railway..... J 10:>4-O6
Union Ky. of ( 1905-00
New Yi-rk.
t 19"«-''fi
Tarry t’n W.P. )1905-00
A Mam Ky f I90i-o5
South. Boule- 119"5-"0
vard KR..
i 1904-06
Yonkers Hull ) 1905-OH
road
1 19.4-05
Westchester j> 1905-00
Elec KR... ) IMOt-i 5
.
151,770
5U),917
525,?h4
."0,431
1,300
20,507
i.3o •
3,f 00
?4l>84
3^0.47*
3,500
1,551
faOJ
20.W 0
912 703
def. 2.300
221.949
600
788,410
410.H59
430,126
s8,U9
83.79*
131.931
00 219
<0 3 2
1.503,182
1.3s«,00»
128,348
100.817
40.7M5
61,301
811,109
81 810
90.0 3
07,-04
42 64f
14.610
fc5,wt>|
,5i4
4l","68
14,Wi 8
0,770
2,40 4
13,026
200
03
-
•
111
149
305.7H4
03.040
149
330,033
820,311
62,487
2.230
1.210
Total sys-Mao -00 |21 937.944
tern
Ji9U4c 6 20,888.124
75.0W2
def.
def.
sur.
■ or
280.308
202,4 9
def.
def.
sur.
72,413
0i.8"0
174./30
sur.
101.204
81.080 def.
81.901 def.
19.10 > def.
l".324 def.
110 592 def.
lll.w58 def.
103 .169 def.
1<)2,108 def.
10.513
2o.i2w
16.097
18 112
8,409
49,009
484*3
25.8 0
*-L8l3,l0l 4V4 "44 $11 950.90** def. 22124-97
8.010,700 444,003 J 1.858,240 Of.y. 2.790,943
y Includes 1108.900 in <9. 5 accrued to Metropolitan Securities Co. for
dividend
upon Its holding of Third Ave. KR. stock.
(See below.)
Note -For the purposeof oresenting the income
of
account
the New York
whole, the following changes have nee i made
by the
company In the - total ” column, as compared with the aggregate of the cross
footings. These Changes repie-ent iran**tetioris between the different
com
panles in the system. Tnere nave neeu eliminated (1) trotn “operating
exp«' ses
—transportation” and fr iu “income from other sources -rent of equipment”
120,810; (2) from ‘operating expen-es—general” and from “Inc 'me 'ruai
utner
sources-rent of tracks and terminals” 4
9o.r>3rt; (3) from “income from other
sources -rahceiltitiemis interesr"
$007,317, and from "deduction-, fron income
—miscellaneous Interest” $ '02.3L7. and ‘ Interest on real estate
mortgages''
City Hallway System
as a
|5.0"0.
The item of 4* all charges ” for the New York
City Ry., and aim the
total system, includes 'he 7 p o. dividend
(+3,639,732) on the srook of
the Metropolitan Street Railway and 5
p. o. per an. on the stock of
the Third Avenue RR.
The “charges” ao not include the franchise
tax then in litigation.
Passengers carried year
ending June 30. I9u6.—
Manhattan Borough
Bronx & Westchester Co
Total
Fare.
391,354.877
49.145.560
440.500,4 37
celed.
The general coll, trust mortgage of 1897 is secured
by deposit of the
stocks (par value) of the Broadway & 7th Ave.,
$1,400,000; 42d Street
<fe Grand Street Ferry RR., $400,000; Central Park N. & E.
River RR..
$300,000; 34th Street Crosstown Ry., $990,000; also all property or
H. W. St. & P. V RR., Chambers St. & Grand St.
Ferry RR., Broadway
Ry., So. Ferry RR., Met. Crosstown Ry., Lex. Ave. & Pav. Ferry RR.,
Columbus it 9ih Ave., and Ft. Lee Ferry Extension; also leasehold
Interests, contracts, real estate (valued as below stated), etc. See ap¬
plication to N. Y. Stock Exchange in V. 65. p. 82«.
Of the $61,000.000 n-in refunding 4 s,
^54.000,000 were reserved to re¬
tire prior liens amounting to $48,196,000, this latter not
including the
bonds of the Third Avenue Railroad and its constituent
companies.
The bonds have a second lien on the collateral
deposited as sc urity
for the general collat. trust mortgage of 18h7; see
paiticula rs in V. 74,
p.379.1308.' Besides the $11.000,00 of bonds immediately Issued
6+,’-19
68.302
274,827
2>*,40O
19.247
def.
def 23.104
def.
01,933
392,030 def. 108,080
130,438 def.
47.195
100.437 def.
07.418
80 959
18.0(3 0
212
.
0.557
01,519
21.298
21.2»4
395.227
W7.00O
44
102.031
81.729
Transfer.
178,639,866
23,707,097
202,346,963
Total.
569.994,743
72,852,657
642,847,400
(going to the Interurban St Ry.), $5,568,000 have been sold'for re¬
funding, making $16,568 000 outs'ani .ng
Alter Jan 1,
9 9), any
part of the bonds reserved for refundii : not needo 1 for that purpose
be available for the general purposes ot tin
company.
Dividends—The dividends paid have been aw follows, those
prior to
1898 having been paid on the Metropolitan Traction
stock, which was
Increased in 1892, from $20,000,000 to $3<).oOO,ooo. and in October,
1897. was exchanged dollar for dollar for stock of Street Rail ^ay <
:
Year— ; ’94. ’95. ’96. ’97. *98. ’99. ‘00. ol. ’02. ’u3 ’04 ’05. ’06.
Per cent. < 5
5
5
5
5
7
7
7
7
7
7
7
7
In October, 1897, a distribution of 20
per cent in debenture certifi¬
cates (paid off Oct. 15, 1898) was made to Traction stockholders.
(V.
65, p. 620.)
Real Estate—The real estate in New York City (see V. 65, p. 826),
owned in fee, subject to the general mortgage & collateral trusfc
deed of 1897 (including $2,450,000 subject to the prior lien of the
l^exington A venue mortgage) was valued in February, 1900, at *6,257,019; owned by subsidiary companies, $7,039,750; total, $13,296,769.
are to
Annual Report—See report under New York City R
B. Hasbrouek; Vice-Pres C E. Warren: Seo.
and Treas., D. C. Moorehead; Gen
Manager, Oren Root Jr.—V. 82,
p. 161, 392, 452, 1269; V. 83. p. 96, 1348.
Companleti controlled by metropolitan Street Ky.
.
•
OFFICERS—Pres., D
(1) BLEECKER
,
STREET & FULTON FERRY RR.—Horse and elec.
Organization—Chartered Deo. 12,1864. Leased to 23d st. Ry. Co.
lease assigned to Met. St. Ry., rental is
Interest on $700,000 bonds and l1* per oent
per annum on stook.
Ian. 10, 1876 for 99 years;
Feb
STREET
1907.}
,
Interest.
71
RAILWAYS.
FULTON STREET RAILROAD—A horse road.
Organization.-Chartered Oct. 29,1895. Stock all
(9)
Outstanding. Maturity, etc
owned by the
See text
$900,000
St. Ry.
700,000
Jan. 1,1950 Metropolitan
STOCK & Bonds—
Date. Interest. Outstanding. Maturity.
York,
Trustee.
$500,000
$500,000 ($100)
were 7s until Jan. 1, 1900, 8tock,
500,000 Nov. 1,1995
1stM.,g.,($1,000),guar. ( 1895
4g. M-N
when they fell due and were extended by the Bleeoker street & Fulton
p. ana i. Met. St.Ry. o* lGuaranty Trust Co. of New York, Trustee.
Ferry Co. at 4 per cent, on the same lien, and made payable in gold.
Earnings—See report under New York < ity Ry.
ROAD—-Owned 10*62 miles. Eleotrio on 14 th Street —V. 69, p. 1344.
Road—Traok owned is 1-05 miles, 8 cars.—V. 62, p. 277
(2) BROADWAY A SEVENTH AVENUE—Change to underground (10) Nn;\V YORK & HARLEM RR.—Underground eleotrio railroad.
e.lectrlo ocourred in August, 1901.
ORGANIZATION—Chartered April 23, 1831. Owns also a steam road
Organization—Chartered May 26, 1864. Leased May 13, 1890 leased
to New Yrork Central, its securities, which cover the electric
for unexpired term of charter and for any extensions of the same
roads
well as the steam line, being described under the title New
to Houston West St. & Pavonia Ferry, now Metropolitan St. Ry. Co
among steam railroads in our Railwa v and Industrial
Rental—Interest on bonds and 10 per cent on $2,100,000 stock, of York A Harlem
In July, 1899, the Metropolitan Street Railway tCo. bought
which Metropolitan Street Rv. Co. owns $1,400,000.
Maturity.
from the New York & Harlem the car-stable properties at ThirtyPar. Interest. Outstanding. See text
Stock & Bonds—
second Street andFourth Avenue and at 86th St. and Madison Ave.
Stock,$2,100,000($100) $100
$2,100,000
10
Q.
-J.
1914
July
1,
500,000
5 j
j
$1,350,000
V. 69, p. 180, 542, 591.
2d Mortgage of 1884...1,000
July
1,
1924
1,500,000
J.
5 J.
The eleotrio (formerly horse) lines (19 77 miles of track) were leased
B’way Surface 1st guar.1,000
Apr.
1,
1919
350,000
5 A.
O.
otock
& BONDS—
Stock.
Pur.
HflJ.-J.
$100
mortgage, >
1,000
4 J.-J.g.
gold, 1900... $ Morton Trust Co., New
The first mortgage bonds tor $700,000
1st
as
Section.
for
-
1,000 5 g. J.-D.
7,650,000 Deo. 1,1943
1,000 at Guaranty Trust Co., N. Y.,Trustee.
) Interest
’93 for $12,500,000.. s Intere
Of the consol. mort. of 1893 for $12,500,000, $4,850,000 was reserved
to retire at maturity the other bonds in the table, but in June, 1904,
$l,500,o00 maturing 5s were replaced by an issue of the Metropolitan
refunding 4s of 2002. V. 78, p. 154On July 1, 1905, $1,000,000 2d
mtge. bonds due on that date were replaced by a like amount of Met
8t. Ry. ref.mtge. 4s of 2002. V. 80, p 2458. The consols are guaranteed, principal and interest, under the terms of the mortgage by the
Metropolitan Street Railway Co., which now owns the Broadway line
south of 15th Street. They cover the road owned in fee and also the right
to use the tracks on Broadway from 15th Street to the Battery; they
are also a direct lien on the cable, eto.
Trustee, Guaranty Trust Co.
-
1st guar
By.& 7th Av. Con. M.of
Bo. Ferry
999 years from July 1, 1896, for a
the first five years and $400,000 per
annum thereafter, wnich is equal to 4 per oeut on the $10,000,000
stock; in addition $2,500 is allowed for organization expenses. V.
62, p. 1088. Line operated electrically from March, 1898, from City
to the
Metropolitan Street Ry. for
rental of $350,000 per annum
Hall to
135tli Street.
RAILROAD—An eleotrio railroad.
(11) NINTH AVENUE
zation-Chartered July 29,1859. The road is leased to th©
Metropolitan Street Railway Co. for 99 years from March 12,1892.
Rental—For first 5 years $48,000, which is equal to 6 per cent on
capital s^ock ($800,000), and thereafter $64,000—8 per cent on same
and $2,500 for organization expenses. Stock, $800,000; par $100;
dividends, Q.—J.
Road —Fulton Street to 126th Street; total traok
ORGAN
owned and
operated, 1614 miles.
Avenue assumed the Broadway Surfact
$1,500,000 and payment of interest on the sec (12) SECOND AVENUE RR.—Mostly underground eleotrio.
ond mortgage bonds for $1,000,000 (the latter since paid off), for use
Organization.—Chartered Jan. 21, 1853. Leased for length of char¬
ter from Jan. 28, 1898, to the Metropolitan Street Ry. at 8 p. c. on the
of tracks between 15tb Street and ferry. South, Ferry 5s. assumed
stock for three years from March 1, 1898, and 9 p. o. thereafter. V.
under lease.
Ave Branch.
Road—Including Broadway Electric, 7th Ave. and South Ferry lines; 66, p. 185. All el ctrio except 1st Interest.
Outstand'g. Dividend, dc.
See text
SECURi - JES.Car. 9 Q.—M.
owned 15T2 miles,
Stook, $2,500,000, $100.
$100 5 M. & N. $1,862,000
INDEX—V. 58, p. 7331 v. 73, p. 287. Office 621 Broadway.
1,280,000 Nov.1,1‘. 09
The Broadway A 7th
1st mortgage bonds for
(3) CENTRAL CROSSTOWN RR.—Eleotrio and horse.
Organization- Chartered March 28, 1873. May 28, 1890, leased
the Christopher A Tenth St. RR.; see sf parate statemem of latter.
In May, 1897, control was obtained in the interest of the Metropo *
tan St. Ry., which owns $502,800 of the stock. V. 64, p. 1001,1042.
On April 1, 1904, was leased lor 999 years to the Metro; olitan 8treet
Ry. at a rental« f 15 p.c. per annum on capital stock in addition to a
guaranty of the principal and interest of the bonds of the Central Cross¬
town
V. 78, p.
RR.
820,1168.
Date.
Interest.
Outstand'g. Maturity.
Stock & Bond'
15 Q. - J. $600,000
See text
Stock, $600,000 (ij 11 0).... 18*2 6 M. - N.
250,000 Nov. 1, 1922
Interest at Morton Trust Co., New York.
1st mortgage ($1,000)...oAm Loan & Trust Co., Trustee.
.
1st
M.,
con.
$3,000,000,1
gold ($1,000)
c<fer^
$2,250,000. guar,)
($',000)
o$
Notes.
fotes.
1904
4 g.
M.-N.
See text.
May 1, 1952
Trust Co., New York,
Intereso at company’s offloe.
Morton
icmu
2,250,000
k
&
Trastee.
May 1,1909
take up a like
by deposit of
$2,490,000 guaranteed consol, bonds. See V. 82, p. 986.
Dividends.—Dividends under lease are now 15 p. c. For record of
previous dividends see Street Railway Section for Feb. 27. 1904.
Road—Track owned is 3 29 miles; leases from Christopher 6c 10th
St. RR., 3,_6 miles. Total track, 7*05 miles.
All eleotrio except 17th
and lbth Sts from Broadway to Ave. A. V. 82, p 987.
(4) CENTRAL PARK NORTH 6c EAST RIVER.-Horse & elect.
ORGANIZATION—Chartered July 19. I860. Lease—Leased to Metro¬
politan Ry. Co. Oct. 14,1892, for length of charter and renewals thereof
at 8 per cent on stock till Oct. 1, 1897, thereafter 9 per cent (V. 55, p
894).
Metropolitan St.Ry. owns $300,000 of the stock.
Par. Interest. Outstanding. Maturity,
STOCK <5b Bonds—
Stock. (See rental above.).. $100 textQ.—J. $1,800,000
See text
Metropolitan 8t. Ry. refunding 4s were Issued to take up the $1,
200,000 1st« onsols maturing Deo. 1, 1902.
ROAD-Owns 59th St., East and West, with branch to South Ferry,
The notes
•
mount
•
mentioned in table above were Issued to
maturing May 1, 1906, and are secured
f notes
1,000 5 J. & J.
89,000 Jan. 1,1909
1,000
5,631,000 Feb.1,1948
1st oon.M.,g.,$7,000,000) 1,000 5 g. F. A A.
.
.
1898, guar.,p.^i-end-c" s Guaranty Trust Co., N. Y., Trustee.
Of new 1st consol. 5s, $1,369,000 are reserved to retire securities of
earlier date. V. 66, p. 900. For mistake of trustees in exchanging
seme 5s of 1909 for consol. 5s of 194R, see V. 76, p. 654.
ROAD—Track owned. 25 93 miles. V. 65, p. 276; V. 66, p. 616, 900.
1st mortgage ot 1885....
Debentures of 1889
..
.
.
,
(13) SIXTH AVENUE
.
RAILROAD—Underground trolley.
Organization—Leased to Metropolitan Street Ry. Co. Feb. 1,1892,
for 800 years.
Rental now $145,000 per annum, which is 7 per cent
61, p. 925.)
of 38 per cent was
lxthin
Street.
Road, including
&aid
Avenue
August,and1901,
43dout
of prooeeds
of sale ofLenox Ave. branch —
track owned, 1245.
In Feb., 1899, began operating under¬
ground trolley all the way to Battery Place. V. 73, p. 236.
(14) THIRTY FOURTH STREET CKOSSTOWN RY.—Changed to
underground eleorlo in Sept., 1903
Or -»anizat ON—Chartered March 18,1896, being a consolidation of
the Thirty Fourth Street RR. Co. and the Thirty-fourth Street Ferry
Eleventh Avenue RR. Co. AM of the stock of the Thirty-fourth
8treet Crosstown Ry. Co. is owned bv the Metropolitan Street Ry.
Maturity.
Si'v< K AND BONDS—
Date. Interest. Outstanding.
Btook ($100)
$1,000,000
1st M. ($1,000), g-tar. 5
1896
5 A-O 1,000,000 Apl. 1.1996.
p. and i. Met. St. Ry . (
Central Trust Co., N. Y., Trustee.
Road—Track owned is 0*96 miles. V. 60, p 83; V. 62. p. 549.
Report.—See report under New York City Ry.—V 71. p. 135.
(15) TWENTY-EIGHTH AND TWENTY-NINTH STREETS CROSSTOWN RAILROAD—Horse cars.
Organization—The Metropolitan Street Ry. purchased the property
September, 1896, aud owns all the stook. In Dec., 1898. the new
air compressor and power house were practically completed, and In
Btook and
on
8tock,
$5,000 for
organization expenses (V.
$2,000,000; par, $100.
An extra dividend
stable property at
A
in
system exclusively. V. 69, p.
to horse cars
Interest. Outstanding. Maturity.
19-90 miles. All eleotrio on 59th Street.
Stook, $1,500,000 ($100)
$1,500,000
1st M., $1,500.000($1,000) ) 1896 5g. A-O
1.500,000 Oct. 1, 1996
(5) CHRISTOPHER A TENTH STREETS RR.-Eleotrio.
gu.p*iend.,M.St. Ry.g.o* s Central Trust Co., New York, Trustee.
Organization—Chartered April 25,1873. Leased to Central CrossRoad—Traok owned is 6-72 miles. V. 63, p. 602,661, 839.
town May 1, 1890, at 8 per cent on stock and interest on bonds.
Report—See report under New York City By.
Par.
Interest.
STOCK & Bonds—
Outstand'g. Maturity.
$100
8 Q.-J.
$650,000 See text
Stock
TWENTY-THIRD STREET RAILWAY—Underground trolley.
1st mortgage ext. in>l,00<>
4 A.-O.
210.000 Oct. 1,1918 (16)
ORGANIZATION—Chartered Jan. 29,1872. Leased from Apr. 25,1893*
1898
S Guaranty Trust Co., New York, Trustee.
to the Metropolitan Street Railway Co. for the unexpired term of th©
The $180,000 lsts were extended 20 yrs. from Oct. 1, 1898. and in
charter and for any extensions of the same.
Rental is 18 per cent.
addition $30,000 bonds were issued at same time to take up the Real
STOCK & Bonds.— Pur.
Interest. Outstand'g.
Maturity.
Estate Mortgage of similar amount. V. 67, p. 370.
8tock ($100)
$100 18
Q.-F. $600,000
18%perann.
Road—Track owned is 3-76 miles.—V. 67, p. 370.
Road—Including 14th St., Bleeoker 3t. and Canal St. brandies, track
owned 4 25 miles. Rails, 47 to 113 lbs., standard gauge. V. 74, p. 1139
(6) EIGHTH AVENUE RR.—Underground trolley road.
Organization Chartered Jan. 10,1855. Road is leased to Metro
August, 1899, began using air-motor
*83. In May, 1901, however, returned
STOCK & Bonds—
Date.
from Jan. 1,1896, at rental of $215,000
AVENUE RAILROAD - Underground
THIRD
Ser
which
provides
the sorip, 16 expenses.
ends
annum,
stock
and
$5,000
for
interestforon organization
per
V. trolley.
on
additional
ORGANIZATION.—Chartered October 8, 1853. A cable road from
62, p. 40. Underground eleotrio traction system used between 158tb
December 5, 1893, but In 1899 changed to underground trolley. In
and Battery Place. V. 67, p. 178, 956.
Maturity.
January, 1900, the eleotrlc line between 125th aud 162d streets
STOCK
Bonds.— Pur.
Interest.
Outstand'g See text.
Stock
$100
Quar.
$1,000,000 Feb., 1914
completed. Owns praotlcally all Hie stock of the following:
Union Ry., Drv Dock E*st B’way
Battery, 42d st. Manhat anv. A
8crip of 1884
100
6 F. 6c A.
750,000
St. Nicholas Ave., Yonkers RR.. We»t<hestor t*leo .Tarrytown Whit©
Scrip is subject to call at par on any interest day.
Plains 6c Mamar ,Southern Boulevard and KlngNbrldg* Ry.
ROAD—Total track owned and operated, 18-98 miles. V. 62, p. 40.
A traffic agreement went Into effect April 29, 1899, between the
FORT GEORGE & ELEVENTH AV. RR.—To be an underground
Manhattan Elevated and the Third Avenue Railroad system [com(7)
trolley road.
the Third
42d St.,
Avenue
HR., the Dry
A St.Dooh
iattery, the
Manhattanvllle
Nicholas Avenue RR.
ORGANIZATION—Incorporated Nov. 19, 1898, in the interest of the Erising
Met. St. Ry. to build a line from 130th St. and 11th Ave., along 11th
and the Union Railway lines], providing for an extensive scheme
of transfers at cross-town junctions, and also at the terminal
Ave. to 175th St., and another from 145th St. and llth Ave. easterly
through 145tli St. to the Harlem River. Has been constructed on 145th points of the two systems. The transfers are granted for an additional
St. between Lenox Ave. and Eighth A*e. Stock authorized, $3,000,fare of 3 cents, making the cost of the entire journey 8 cents. Forth©
000. V. 67, p. 1109. Franchise granted December, 1889, for 25
latter sum a passenger oan thus ride from the City Hall and South
Ferry to Yonkers, New Rochelle, Mt. Vernon and Larohmont. V. 68,
years, with privilege of renewal for another 25 years; 4 p. c. of gross
receipts to be p*ld the first five years, 6 p. c. the second five years, 8 p. 672, 872 This contrnot expired April, 1904, but was renewed for
year.
Was again renewed later subiect to termination on 90 days*
per cent the third five years and 10 per cent the remaining years of
operation, 'lhe road to become the property of the city at the termi¬ notice by eitLer company. Sept. 1, 1904, the Union Ky. began operat¬
nation of the franchise (whether original or renewed) upon payment
ing express trolley passenger service between the Bronx Park Station
for the same in accordance with definitely-prescribed rules. The Kings
of the Manhattan Elevated Ry. and New Rochelle and Mt. Vernon. V.
bridge franchise was granted the 3d Ave. RR. upon the same terms.
79, p. 903.
Owing to failure of negotiations for a new loan to take care of a
FORTY-SECOND ST. <fe GRAND ST. FERRY-Horse and elec trio
Large floating debt, the Third Avenue Railroad was on Feb. 28, 1900
(8)
Organization—Chartered February 16,1863. Leased to Metropoli¬ placed in the hands of Hugh J. Grant as receiver. On March 19, 1900.
ft was announced that the Metropolitan Street Railway had purchased
tan Street Railway Co. from April 6,1893, for duration of charter and
control of the road in th© opeD market (at an average prioe, it is under¬
renewals thereof at 18 per cent on stock, payable in lawful money.
stood, of 80) and would provide for the rehabilitation of the company.
Met. St. Ry. owns $400,000 of the stook. Was changed from horse to
eleotrio in Nov. 1906.
Arrangements were at onoe oonoluded through a syndicate, repre¬
sented by Kahn, Loeb A Co., for the sale of $35,000,000 of the $50,«
STOCK & Bonds— Pur.
Interest.
Outstanding.
Maturity.
Stock
$100
18 Q.—F.
$748,000
See text. 000,000 new mortgage described below, and on May 24 the property
politan Street Ry. for 99 years
cent divi
«,
was
East Broadway A
a
ROAD—Owns 7-64
miles. V. 74, p.
1139.
STREET RAILWAYS.
restored to the company, passing into the
possession of the Metro¬
as owners. Kuhn, Loch & Co. offered
a block of the bonds for sab* in
Dec.. 1900. v. 7 «, p. 1168.
Lease.—On April 13, 1900, the Metropolitan Street Ry. Co.
took a
lease of the property for 999 years. For the tirst four
Third
Avenue stock was to receive only the net income above years
expenses and
ttxed charges; the next two years 5
per cent; the succeeding four years
6; thereafter? percent. The first dividend under the lease
(1*4 per
cent), was paid on July 30, 1904.
STOCK & BONDS. Par.
Date. Interest.
Outstanding. Last div., die.
was
Q
1st mortgage, gold.1,000
—
F.
$15,905,800
See text.
1887 5 g. J. <fc J.
5,000,000 July 1,1937
lstconsol. M.gold j
1900 4 g. J.&J.
36,943.000 Jan. 1. 2000
c* ($1,000, Ac.).
[ Interest at Morton Trust Co Newr York. Trustee
$50,< 00.000.e,tr ) Guar.. principal and int..
by end. by Met. St. Ry.
Bonds—The remaining $13,057,000 is reserved to take
up the follow¬
ing prior liens, which the company lias bound itself to
pay off at or
before maturity without extension.
V. 78, p. 1549.
The'bonds were
listed on the N. Y. Stock Exchange in March, 1901, See V.
70, p. 1050,
1121.
to
Broadway and 221st Street, making 3-125 lpiles additional.
STOCK dc Bonds.—
Par.
Interest.
(JnUstand'g. Last div., dl.c.
Stock
$100
$2,000,000
F.-A.
2.000,000
lor wort., 1892,
Aug. 1, 1942
gold,
at Centi-al Trust Co.. N. Y.
City.
Notes payableJune 30,190 i, $6,272,502.
,
Name of company and loan.
Third Ave. RR. Co. 1st M
Union Ry. 1st M
42d St. Manhatt. <fc St. Nich. Ave.
2d mortgage incomes
Authorized.
$5,000,000
2,000,000
Ry. 1st M.
1,200,000
1,600.000
1,000,0 0
l,2«*ot<>«)0
l,oo<»,« 00
500,000
300,000
25u,o00
950,000
1,100,000
1,000,000
500,000
300,000
25<<,0;i0
$14,050,<00
$13,057,000
Dry Dock East B’way <Si Battery RR. 1st M.
Certificates of indebtedness
Yonkers RK. Co. 1st M
Westchester Electric HR. 1st M
Tarryt n White Plains A Mam’neck Ry. IstM.
8outb' rn Boulevard RR. 1st M
-T
*tal
'757.000
*
*74 L000 already pledged as part
security for the Third A ve. RR
4s i«e here deducted; of the
$743,000, $357,000 was owned at the;
time of the making of the
mortgage, and the other $386,000 have
since been acquired by the issue of a like amonnt of
the Third Ave. 4s.
1 he new bonds
are guaranteed by the
Metropolitan Street Railway
(' r form of guaranty see V. 72,
p. 776) and are secured by the pledge
the following stocks and bonds:
Name of company.
Issued.
Pledged.
Jnion Railway Co. of New York
City stock
$2,0"0,< 00 $2,000,000
42dSt. Manhan’ville A St. Nich. Ave.
Ry. stock. 2,500,000
2,469,8<'0
Do.
2d mortgage incomes
•
.
Dry Dock East Broadway A Battery RR. stock.
Kingsbridge Ry. Co. stock
1,500,000
1,200/ Ou
8,6u0
357,000
1,179,000
8,600
Subscription for balance of $1,000,000 stock.
991,400
Yonkers RR. Co. stock
1,000,000
992,500
Westchester Electric RR. Co. stock
500,000
500,000
Southern Boulevard RR. Co. stock
250,000
248.300
Tarryt’n White Plains & Mamaroneok Ry. stock
300,000
300,000
The Metropolitan Company is 10 be entitled to
vote on the forego¬
ing and to receive the income from the same so long as the new bonds
are not in default.
See particulars in V. 70,
p. 1050.
There are other mortgages
outstanding for $50,000.
ROAD— Owned.
Miles. \
City Hall via3dav. to 130th st. 7*03 ■ 42d 8t Man.A St. Nich. Ave.
North River to 125th st., E.R. 2-50 Union
Ry.
10th Ave., 125th St. to Fort
j Westchester Electric
George
3*75 Yonkers RR
Recond track
13’28 j Southern Boulevard
8idings
0-68 Tarrytown White Plains &
Mamaroneck
Total track
27 24
Controlled but oper separately—track miles.
Dry Dock E. B. A Bat. Ry..
Miles.
24 81
7110
25 13
26 06
7 00
18-90
Total controlled track.. 187-97
14-97 Grand total track
215-21
Annual Report.—See report under New York City
Railway.
OFFICERS. —President,IT. H. Vreeland; Vice-Pres., D. R.
Hasbrouck;
Sec. and Treas., John Beaver; Asst. Geu.
Mgr., Oren Root Jr.
INDEX—v. 78, p. 2336, 2386, 2600; V 79. p 153; V.
83, p. 97.
DRY DOCK EAST BROADWAY A BATTERY-Horse and
(1)
electric road.
Organization—Incorporated Dec. 8, 1863. Control obtained by
Third Ave. RR. Aug. 23, 1897
(YT. 65, p. 194), which owns $1,196,900
of the stock, $1,179,000 of which is
pledged for the 50 million dollars
Third Avenue mortgage.
In Jau , 1906, began operating Grand 86
line by electricity.
Guaranteed Loans—
Westell. 1st M.,gu.,p.<fei
\ 1,000 5 g. J. - J.
500,000
July 1, 1943
gold
1893
S
Mercantile Tr. ?o., N. Y., Trustee.
Southern
Boulevard 5
5 g. J. - J.
250,000
July 1,1645
KR. lHt.gold. 1895
)
Central TrustTk'., N. Y., Trus ee.
Road—Main line and branches, including second track, 83-54 miles
Annual Report—See report of New York City Ry. V. 70, p. 77,
481.
TARRYTOWN WHITE PLAINS A MAMARONECK (ELEC¬
TRIC) RY.—A trolley road.
Organization—Successor in 1898 to the New York Elmsford A White
Plains Ry. On April 18, 1899, Third Avenue RR.
purchased all the
stock.
V. 68, p. 674.
Road extends from Tarrytown station on the N. Y.
C. & II. R. RR., to
Mamaroneck, on the Sound, and from White Plains Station on the Har¬
lem Road to Silver Lake Park, a total of 21-On miles.
The company
carries freight as well as passengers.
(4)
Stock & Bonds Date.
interest.
Outstanding. Maturity.
Stock ($300,000), par $25
$300,000
1st mortgage $ i00,000, > 1898
5g M&S
300,000 Mar.1,1928
g, ($1,000) guar.p. At., s
Knickerbocker Trust Co.. V. Y., trustee.
Bi.ls payable June 30, 1906
329,630
The bonds are guaranteed,
principal and interest, by endorsement,
by the Union Railway Co
For form of guaranty see V. 74.
p 381.
Annual Report—See report or New York City R
V. 74, p. 381.
.
(.5) YONKERS
RAILROAD.—A trolley road.
Organization—The Union Ry. guarantees the $1,000,000 bonds,
p. ami i., this
guaranty being accepted by the Third Ave. RR.
p. 635.
Stock & Bonds—
Stock, $1,000,000 ($100
1st mtge.gold, $1,000,000,
Date.
$100
Gen
i*en. moit.,
morf
void 1892
gold,1892
\ l-000 5
Par.
Interest.
6
Outstand'g.
Q.—F. $1,200,000
See text.
J950,000
Deo. 1, 1932
Farmers. Loan & Trust <;o., Trustee.
Cert.ofdebtnotsub.too. 100 5
F. - A.
1.100,000
Feb.
917,228
1, 1914
Road—1714 miles of track, 164 cars, 5 swee ers and 4 snow
plows
DIVIDENDS—Since 1891, for tisoal year ending June 30: 1891-92
5 per cent: 1892-93, 6
per cent; 1893-94, 2L3 per cent; 1894-95,4^
per cent; 1895, August, 1 h p. c. : Nov., 1 h
p. c ; in 1896, 6 p. c.; in
1897, Feb., 1^ p. c.; in 1898, 6 p. c.; in 1899,
May (Feb. div. was
passed), l^ p. 0.; none since paid.
Annual Report—See report of New York City
Railway.
NDEX -v. 64, p. 843, 1041; V. 65,
p. 194. 5fiS; V. 67, p. 952.
(*) FORTY-SECOND ST. MANHATTANVIELE A ST. NICHOLAS
AVE. RY.—A horse road, but Nov.
11, 1900, changed to eleetrioity.
The company after being in the hands of
receiver from March, 1900,
was restored to
solvency in 1901, receiver being discharged April 12
ORGANIZATION—Chartered Aug. 29,1878, In November,
1895, control
was purchased
by the Third Avenue RR. see V. 61, p. 926.
In Deo., 1899, began to use
uuderground electrio system from Fort
Lee Ferry to the
Boulevard, thence to Fifty-ninth Street.
Of the stock. $2,469,800 is
pledged as security for the 50-million
Third Ave.
mtg ; of the $1,500,000 2d
mtg. incomes, +743.000 are
owned bv the Third Ave.
RR., of which $357,000 deposited under the
Third Avenue mortgage.
Litigation as to Interest on Income Bonds— See V. 80, p.
1424; V. 82.
p. 333.
Stock & Bonds.— Par
Interest.
Outstand'g
Maturity.
St’k (ant’d $2,500,000) +100
$2,500,000
1ST
1st mort.
mort gold,
void 1880$
1'000
6M-S
1,200.000 Mch. 1, 1910
1880
^ Interest at Union Trust, N. Y. Citv*
Trustee.
2d mort. inc. 6s, 1885
} 1,000 6% as earned.
1,500.000 ‘Jan. 1,1915
$1,600,000
l
Union Trust Co., N. Y., Trustee
Real
estate mortgage
5%
100,000
Ste text.
Loans payable June 30.1906
6,291,754
Bonds.— The real estate mortgage
is all owned by the Third Ave. RR
Road—24-42 miles of track, 152 oars. 2 snow
plows and 2 sweepers.
Annual Report—See report of New York
City Railway. V. SO. p.
1424; V. 82, p. 333.
’ *
(3)
UNION RAILWAY OF NEW YORK—A trolley road.
Organization—Organized under Chapter 340 of the Laws
Outstand'g.
$1,000,000'
67,
Maturity.
1896
SA-O
1,000.000 Apr. 1,1946
guaranteed
Manhattan Trust Co.. N. Y.. Trustee.
Bills payable June 30, 1906
973,150
Road—Owns 26-06 miles of track.
Annual Report—See report of New York City Ry. —V. 71,
p. 30.
(n> BRONX TRACTION CO —A trolley road.
Organization—Incorporated
of several small
cotnpai
STOCK &. Bonds—
Stock, $585,000; $100
ies.
in
May, 1904. and is
a
consolidation
See V. 78. p. 2333.
Date.
Interest. Outstand'g.
$58,100
..
Road—Operates 69
Maturity.
miles of road ami 11-7 miles of track from
Bronx River by West Farms Road to
Westchester Village; from Bronx
River by Southern Westchester
Turnpike to Westchester Village; from
Main Street, Westchester
village, to Eastern Boulevard and f om
West Farms Road to Bleeoker Street. Standard
gauge; 109-lb. rails.
Officers-Pres.. KOward A. Maher; Sec and Treas., Raine Martin;
Supt., Jas. Carrigan. V. 78 p.2333.
NEW YORK CITY
INTERBOROUGH RY.~
trolley road.
Orga .'Zatio-—Incorporated in New York on March 21,
1902, in
the interests of the Interb »rnugh
Rapid Transit ;o., to build an ex
tensive system or feeders for the
subway aurl elevateo lines in the
Bronx, and to afford street railway connections across the Harlem
River bridges.
Stock <5b Bonds—
Date.
interest. Outstanding
Maturity.
Stock, $5,000,000
$5,000,000
1st mort
$5,000,000 ) 1903
4 g. M N
None
1928
A
gold.
s.
f
...
< Int.
.
at U 8
track
Road-Operates 5 miles of
Mort *fc Tr Co
N. Y., Trustee.
.
Broadway aud 181st St
Aqueduct Ave Fordham Road.
irom
Washington Bridge aud aiong
189th 8t.. Southern Boulevard and 180tli St., to Third
Ave., put in
operation May 31. 1906. Possesses franchises f<»r about 20 miles of
additional track which is under construction
(About 11 miles of this
lias been completed.) See
description of mart in V. 82 p 1269, 869
Three * ent transfer* are exchanged with the
Subway system *nd the
Manhattan Elevated road aud free transfers are
exchanged with the
lines of the Union Railway.
Officers—Pr«s.. A)fre<i Skitt: Vice Pres., Andrew
Freedman; Sec.,
H M Fisher; Treas., IX W.
McWilliams
V. 82. p. +69, 1269.
.
Maturity.
j
Loanspayable June 30,1906
Interest.
V.
/
s
across
Stock & Bonds—
Stock, $1,200,000
of 1892,
giving authority to consolidate the Harlem
Fordham Ry., the Melrose A West Morrisania Bridge Morrisania A
RR. and the North Third
Ave. A Fleetwood Park RR.
Validity of consolidation affirmed by
Court of Appeals Jan. 9, 1900.—V.
70, p. 77. Operates from 129th
j
Outstanding.
$5,000,000
2,000,000
1,200,000
LXXXIV.'
8t. and 3d Ave. through the Borough of the
Bronx, and with subsidiary
Hues, continuing thence to and through Mt. Vernon.
In Dec., 1899, accepted the terms
proposed by Board of Estimate
for the Kingsbridge RR. franchise, which are 4
per cent of gross
receipts for the tirst 5 years, 6 per cent for the second, 8
per cent
for the third and 10 per cent thereafter,
the franchise is for 25
years, with privilege of renewal under certain conditions
for an¬
other 25 years. At the end of the term the
city acquires the prop¬
erty, paying for it in accordance with definitely prescribed rules
for
fixing its* value. V. 69, p 1248. Work on this line was
begun in July,
1901, and completed in 1902 Runs from Amsierdam Ave.
andl62dSt.
politan Street Railway Company
Stock,*40,000,000. $100
[VOL.
NEW
YORK
R Y-—To be
a
WESTCHESTER
&
third-rail road
OhGanizauon
BOSTON
Incorporated on Mar. 20, 1872 and in ' 875 went
into the bands of a receiver, where “
continued until Dec.. 1903. when
the present owners
—
acquired control. S-e V. 78, p. j43. Messrs. Dick
Robinson have agreed to
underwrite $15,000 000 of the new bonds
for $13,f= 00.000
See detailed statement in V. 79.
p. 501. The fran¬
chise to op* rate in New YorkOit\ was
signed by Mayor-McClellan on
Aug. 2, 190 4.
V. 79, p. 6i8. Capital *too*
(formerly $1,000,000) was
iuoreased on July 26. 1901, to $^0,000,000.
V. ~9, p. 270.
In
1904, RR Commissioners approved the increase of ssock andNov.,
the
making of the new+20,000,000 mortgage.
In Jan., 1906. certain of
1 he interests in the rival N.
Y to Portchester Ry. severed their con¬
nection with that
company and became interested in the N. Y. West.
to, Boston Ry. (V 82, p 219,
392); parties identified with the latter
also purchased the control of the N. Y.
Railroad v Development Co.,
winch w as organized to bu'ld the New- York to
Port Chester. In Nov-.,
1906, a controlling interest in the N Y. to Port Chester was
by the owners of the N. Y.. W*stcliester to B stou; V. 8 1.acquired
p. 1291.
In Dec., 1906, the RR. Commissioners
granted the N Y. & Port
Chester permission to increase its stock to
$20,000,000, and to make
a mortgage for $20
000,000. Se-> V. 84, p 52.
STOCK dc Bonds.—
Dale.
Interest. Outstand a.
Maturity. ,
8tock, $20 000,000 ($1 00)
1st mortgage
$20,000,000
$19,000 000
...
1904 5g. A-O
15,000,000 Oct. 1,1954
Knickernoeker Trust Co
N. Y., Trustee.
Bunds
Will be subject to call on or alter
Oct.l, 1909,at 110 and int.
Road —Is to build a line of four tracks 22*22 m In
length from 138th
St., New York City, to Portchester. with a branch from
Pelham via
Mount Vernon and Searsdale to White
Plains, 13*21 rn., and a branch
of 6*06 m. to Clason’s P-'int and
Throgg’s Neck, making (with four
»nd three
gold ($1.000>
.
c*
)
S
.
—
tracks)
a
total of 108 93 miles of track.
Will be operated by
have fenced-m private right of
way with no
grade crossings. 90-lb. rail. For full
description of proposed road,
se*- V. 79. p 501.
Construction began on June 3,1905. V. -0, p.
2458.
Part of the grading has been
completed and several bridges erected.
Work generally is being
actively prosecuted. See V. 83, p. 970. 1291.
Officers.—President, William L. Bull; Secretary and Treasurer,
Royal C. Column. Office, 30 Broad St. New
York. V. 81, p. 668,
841; V. 82, p. 219, 392, 752, 805; V. 83,
p. 818, 970, J291.
the
thlrd-rail'system. and
73
STREET RAILWAYS
Feb., 1907. |
COOrganization.—Incorporated in New, York In 1904 aa a holding
company for the N Y. Ceatral Andrews syndicate, $12,000,000 of the
stock being owned by the N. Y Central A Hudson River RR. and
$8,000,000 by the Andrews Stanley syndicate of Cleveland. Stock was
increased from $10,000,000 to $20,000,000 in Aug., 1906. V. 83, p.
156. Owns a majority of the stock controlling the following companies:
Rochester Ry. & Light Co
Rochester A Suburban Ry.
Rochester Electric Ry.
Rome City Street Ry.
Rochester A Sodus Bay RR.’
Syracuse Rapid Transit Ry. Co.
Utica A Mohawk Valley Ry.
Rochester Railway Co.
Rochester A Eastern Rapid Ry.
Oneida Railway Co.
In additiontoabove also owns one half of the$4,100,000 stock of the
Schenectady Ry., the other half being owned by the Delaware A Hud¬
son Co. Has a contract for a supply of power from the Ontario Power
Co. See V. 82 p. 395 The West Shore RR. tracks between Utica and
Syracuse are being electrified. V 79, p. 271.
STOCK & Bonos—
Date.
Interest Outsland'o. Last div.
Stock. $2o.000,U00
• $20,000,000
OFFICERS—Pres.. Horace E. Andrews; Vi *e-Pres, \V K. Vanderbilt,
Jr.; Vies Pres., .1 Carstensen; Sec., D W. Pardee; Treas.. Edward L.
Rossiter; Counsel, W. N. Kernan; Auditor, A. L. Linn Jr. V.83,p. 156
MOHAWK VALLEY
NEWBURGH,
N.
Road—Owns 14-7 miles of track from Niagara Falls to Lewiston, and
Fr., 8*7 miles, trackage rights, 2 miles; total
operated 25.43 miles; 33 passenger oars, 4 service ears and 1 snow¬
plow.
Earnings—For year ending June 30.1906, gross, $141,913; net,
$69,182; charges, $51,633; surplus. $17,549.
OFFICERS—Fres., Jos. T. Jones; Vice-Pros., Herbert P.
Robert E Powers; Treas., and Gen. Mgr., Bert. L. Jones, Niagara
Falls.—V. 68, p 332, 1077, 1133.
leases Lew. & Youngst.
Bissell; Sec.,
(1) LEWISTON & YOUNGSTOWN FRONTIER RE¬
ORGANIZATION.—Chartered August, 1895. Owns from Lewiston to
Youngstown, 7-3 miles; completed in August, 1896; brauch to Rurnsey
Park, 1 mile; sidings, *2 m.; trackage,
Is le-ised by the Niagara Gorge RR.
Y.
....
NORFOLK, VA.
CHESAPEAKE TRANSIT CO.-Has been absorbed
by Norfolk <» Southern, dee latter in Railway and Industrial Sec¬
tion.
Organization—Organized Oct. 16,1901, and acquired the Newburgh
under foreclosure. Under the reorganization uo
paid on the shares for three years, all surplus
earnings to be used for betterments and additions. The Newburgh
Electric Iht mortgage bondholders and the Walden & Orange Lake
RR. and the Newburgh A Orange Lake RR. agreed to a reduction in
their interest from 6 to 5 per cent. See V. 73, p. 138. In May, 1904,
State Railroad ( ommission granted permission to make new
mort.
for $100,000 for improvements, but no bonds issued up to June, 1906.
STOCK & Bonds Date. Interest. OutsVd'ng. Maturity.
Electric Ry. < :o., sold
dividends were to be
$150,000
$25
PL, $175,000 6% non-cum. $25
Newb.Elec.lstM.($250,000) S 1894
5g. M-N
%
Maturity.
Outstanding.
Stk.,$150,000 ($100)
......
$134,000'
1st mtg., $150,000 4 1896
134,000
June 1, 1926
6 g. J D
($1,000), gold o* l Int. at Buffalo L. Tr. A S. D. Co., Buffalo, Trustee.
Interest.
Date.
Stock & Bonds—
ORANGE COUNTY TRACTION CO.-Trolley.
In Sept., 1906 control changed hands and new officers elected as
below. V. 83, p 688.
Stock $150,000, par
*2 in.; total, 8*7 miles.
175,000
PORTSMOUTH
&
NORFOLK
TRACTION
road.
Organization—Is a consolidation April 20., 1906, of the Norfolk
Portsmouth A Newport News Co., the Berkley Street Ry. and the Old
Dominion Ry Co. Subsequently absorned the Suffolk Light A Ice
Co. Leased the Norfolk Ry. A Light « o. for 99 years from June 1,
1906. In Nov., 1906, acquired the entire stock of the Norfolk A AtlanticTerminal Co
V. m3, p. 1171. Also owns 793 shares of stock of
the City Gas<’o of Norfolk, the Norfolk Ry. & Lt. Co. owning 4.011
additional of the 5.000 shares. In Feb, 1907, the Bay Shore Ter¬
minal
Company was
acquired in the interest of this com¬
pany. V. 84. p. 390. Stock and bonds are listed on the Philadelphia
Stock Exchange. V. 83, p. 492. Franchises for street railways in
Portsmouth expire in 1926, 1927 and 1932. Electric light franchise
m Ports • outli expires in 1909.
The eleotrlo lighting franchise in
CO —A rrolley
250,000 May 1,1944
i916
Suffolk expires in
Interest. Outstanding. Maturity
$6,000,000
1st mtge., $8,000,000. I 1906
5 g, J-D 3,500,OOOJune 1, 1936
gold ($1,000)
e* ) Int at Trust Co. of North Am., Phlla.. Trus.
Orange Lake IsM 1894 5g. J-J
75.000 July 1,1944 Norf.
5g. M-8
500.000
1929
A Atl. 1st mort.,/ 1899
M., g.,$500, p. A i. guar.c* \ Int. at Knick. Tr. Co., Trustee, N Y.City
* Int. at Alex. Brown A 8ons, Balt.
$500,000. gold
New mortgage $100,000. g.
None.
1*24
1904 5g. A-Oj
Bonds —All underlying liens of the snosidiary companies have been
Loans payable June 30. 1905
32,750
retii ed with the exception of the $500,000 bonds of the Norlolk A Atl.
'Road-Owns 19*89 miles of track (Including Walden A Orange Term. Co Tito $4,500,000 unissued of the new bonds are reserved for
Lake 5-29 miles and Newburg A O. L. 5 40 miles).
acquisitions, extensions and improvements. A sinking fund of
Report—For the years ending June 30:
per annum of outstanding bonds commences In June 1916 which is to
Gross.
Net.
Oth. Inc. Int., tax, rfc. Bal.,snr
Invested in the bonds
Are subject to call at 110 and int. on any
$31,423 $11,776 be
1905-6
$'29,991
$43,194
date upon 60 days’ notice.
1904 5
119,271
34,928
$4*0
30,»32
4,956 interest
Latest Earnings—For 11 mos. ending Nov. 30,1906:
OFFICERS—Pres B. B. Odell Jr.; Treas., II. ft. Odell; Sec., W. John¬
Gro»s.
Year.
<)per. Exp.
Net.
ston McKay.—V. 78, p. 1962; V. 83 p. 688.
1906
$1,356,348
$83 ,571
$518,777
1,236,644
492,581
1905
741,063
NEWBURYPORT, MASS.
Earnings -For years ending Deo 31 of constituent companies be¬
fore consolidation:
CITIZENS’ ELECTRIC STREET RY.-Trolley.
Year.
Gross.
Net.
Taxes. Ntf Income.
In Feb., 1907. the Merrimae Valley El. *'o. was organized with $1,1905
$427,283
...$1,382,617
$481,306
$54,023
625,000 stock to hold the securities of this company, the Haverhill A
1,235,476
439,093
1904
47,4«9
391,624
Amesbury St. Ry and some others.
Road Operates about 120 miles of track (including Norfolk Ry A
Organization. —Incorporated in April. 1899, and purchased fran¬ Lt. Co.) in Norfolk, Portsmouth and Berkley, Including a line from
chises and property of tn»- Newburyport A Amesbury RR. and Plum
Norfolk to -ewell’s Point, where connection i- made by ferry to New¬
Island Street Ry., and reconstructed the property.
port News. An extension of 20 tulles to Suffolk is proposed. Has 48
Date. Interest. Outstanding; Maturity.
Stock & Bonds—
ears. 3 work ears and 4 freight cars.
Stock. $240,000, $100
J-J
$240,000' July.*06,2>fl passenger
Officers—Pres. n. Lancaster Williams, Richmond; 1st Vice-Pros.,
O. Briggs; 2d Vice-Pres., G. M. Serpen; Sec. A Treas , W. J.
1st m.
M $230,000,
$230 000 gold....
irold
5g. J-D
210,000
Deo 1,1920 Frank fteu’i
jS 1900Beacon
Trust Co.,
Boston, Trustee.
Kelil;
Mgr E. C. Hathaway. V. 82, p, 869, 1041, 1323. V. 83,
Notes A bills payable Sept. 30.1905..
32,h03
p. 156,492. 1099. 1171; V. 84, p. 103.
Dividends -For fiscal year ending 1901,8 p. o.; 1902, 7 p. c.; 1903. 6
( ) NORFOLK RAILWAY A LIGHTp c.; in 1904. 58a p. e.; in 1905, 5: In Ian., 1906, 2^ p. o.; Julv. 283 p c.
Lease—Wusleased on Jane 1, 1906, to Norfolk A Portsmouth Trac¬
Road—Owns about 23 miles of track in New-burypor., including
tion Co. for 99 years, lessee to pay as rental (in addition to all fixed,
lines to Haverhill. Amesbury and Plum Island.
Operates 43 cars.
EARNINGS—For fiscal year ending Sept. 30, 1905, gross, $97,963:
charges) on June 1, 1906. Dec. 1, 1406, and June 1. 1907. $16,500 on
each date; Deo 1, 1907, and June 1, »90H, $24,750 one&cli date; Dee.,
net,$38,204; int. and taxes, $19,955; div., $12,000; surplus, $6,249
OFFICERS—President, Jas. F. Shaw, Boston; Treas’r, G. A. Butmau, 1908, June, 1909. Dec 1409, and Juu*«, 1910, $33,000 on each date;
8 Congress Street, Boston; Supt., O F. Files, Newburyport. Office, 33
Dec., 1910, June, 1911, Dec , 191 , and June, 1912 $41,250 on each
Market Square, Newburyport.—V. 72, p. 44.
date; Deo 1912, and thereafter,$49,500 on each June and Dec 1. V.
W;.,
aldeu
A O.not
L. 1st
g. S Int.
1895
at Knick.
5g. J-DTr. Co.,
100,000
1945
($500)
sub.Mort.
to call}
Trustee.Junel,
N. Y. City,
guar. p. A i
\ Int. at Hamilton Trust Co., Brooklyn.
Newb. A
STOCK & Bonds—
Stock, $6,000,000,
$100
Date
.
,
,
.
»323.
82. p
NEWPORT R. I.
NEWPORT & PROVIDENCE RY- CO.-Trolley
Stock db Bonds—
Date. Interest.
Outstanding. Maturity
Common, $3o0,000, $100
$200,000
200,000
Pref.,eum..$200,00u,$100
1st mtg., gold
5 g.
o*
425,000
1925
Bonds— Are subject to call In 1910
Earnings —For year ending June 30, 1906, gross, $64,925; net,
$17,657; interest and taxes. $22,064; dencit, $4,407.
R >AD Operates 12 miles of track (completed in 1904) from Newport
to Bristol b erry, where connection is made by ferry to Providence; 70
.
-
anti girder rail.
»
Officers- Pres., E. A. Brown; Vice-Pres . Melville
Weaver; Treas., Geo. E. Macomber; Mgr., W. J. Jones -
and 90 lb. T
Bull: Sec., Geo A.
V. /8, p. 2519.
NEWTOWN, PA.
ST- RY.—A trolley road
On Jan. 26, 1907, the property was sold under foreclosure and bid in
for $100,000, in the interest, it Is understood, of the Newtown Langhorn A Bristol st. Ry
V. 84, p. 391.
Organization—Chartered Deo. 1 ,1896. In 1*98 leased the New
towrn Laiighorn A Bristol 8t. Ry., chartered in 1895.
The latter com¬
pany lias $125,000 bonds.
Road—Owns and operates 27*89 miles of track; 7 cars.—V. 83, p.
NEWTOWN ELECTRIC
818; V 84, p. 391.
_
NIAGARA FALLS, N. Y.
NIAGARA GORGE RR-Electric.
Organization—Incorporated in New York June 3,1899, as successor
to the Niagara Falls A Lewiston, sold at receiver’s sale May 23. 1899.
Extends from Onondaga Street, Lewiston, along the bank of the
Niagara River to the city of Niagara Falls. Wap formally opened
July 1, 1899. Also controls the franchises of the Niagara Falls Tower
Co., the Buttery Whirlpool Rapids Co., the Niagara Rapids View Co
and the Niagara Whirlpool Rapids Elevator Co. Has agreement with
the Niagara Falls Park A River Ry. Co. allowing cars of the Gorge
Road to run over that company’s lines across the arch and Suspension
Bridges to Table Rod and Dufferln’s Island. Leases the Lewiston A
Youngstown Frontier
RR.
Maturity
$1,000,000
.....
Niag. Falls <fe Lew. 1st M., J 1895 5g. J-D
See text. June 1,1925
$1,000,000 (* l ,000).. .c* s Int. at Knick. Trust Co., N. Y.. Trustee.
Bonds. The Niagara Falls A Lewiston wThen sold at foreclosure was
sold subject to the $1,000,000 mortgage above.
These bondR are
owned by the company and hypothecated as collateral for $775,000
STOCK <Sc Bonds—
Stock, $1,000,<100 ($100)
loans
payable.
Date
Interest. O 'tstand'y
Organization.—On November 2,1899, was formed by consolidation
following: Norfolk Street RR., Norfolk A Ocean View Ry.,
Virginia Electric Co. and the Berkeley Light A Power Co. Owns en¬
tire stock of the Norfol k Light, Heat A Power Co. Street railway
franchises expire in 1944, except a sma 1 portion of mileage in Norfolk,
of the
Eleetilo light franchise expires in 1930. The
street railway, electric lighting and power
business of the citv of Norfolk and owns a line of railway and steam¬
ers to Old Point Comfort; also owns 4,011 shares out of 5,000 shares of
the stock of the City Gas Co. of Norfolk; 793 shares more are owned
bv the Norfolk A Portsmouth Traction Co.
On Aug. 30, 1904. the City
Gas Co. purchased the Berkeley Gas Co
V. 79, p. 968. Stock Is listed
on the Philadelphia Stock Exchange.
STOCK & BONDSDate. Interest. Outstand'g.
Maturity.
which expires in 1934.
company controls the
$1,650,000 Deo.’06, 1%
Stock. $1,650,000 ($25)
Norfolk City 1st M., gold,
5 1888 6g. J-J
125,000 Jan. 1,1913
$1,000
c / Tnt. at Mer. Trust Co., N. Y. City, Trustee.
Virginia Elec. Co. 1st M ,s 1898 5 A.&O.
20,000 Apr. 1, 1928
$500,0F»0. gold ($1,000) t Int. at U. S. Mort. & Tr. Co., N. Y.. Trus.
Norfolk Street 1st con. M., S 1898 5g. J-J
915,000 Jan. 1,1944
$1,000,000, g. ($1.000)c. / Int. at Merc. Tr. A Dep. Co., Balt., trustee.
Norfolk Ry. A Lt. 1st con. ) 1899 5g. M-N
2.940,000 Nov. 1, 1949
Trust Co., Baltl5
22,500 See text.
Bonds—Of the new 1st eon. mtge., $1,060,000 is reserved to retire
outstanding bonds. Sinking Fund begins Nov.1,1909, and provides for
the purchase of 1 per ct. of outstanding bonds each year at 110 or less.
M.,
$4,000,000,
$1,000. s. f
Car equip cert
gold, > Interest at International
e* > more, trustee.
certificates mature $2,500
Road AND Equipment.—Owns 54-69 miles of track. Gauge, 5 ft. 2^
In. and 4 ft.
in ; 60 to 901b. rails: 64 passenger cars, 23 freight cars,
3 other oars, 1 power station; also owns two steamers, which operate
to OldIPoint Comfort and extensive real estate aud buildings at Ocean
View, including large hotel, theatre, pavilion, restaurant, etc., which
See
V. 70, p
584.
annually to June 1,
are
The car equipment
1915.
leased for the season at
$12,000.
Officers—President, R. Lancaster Williams; 1st Vlce-Pres. A Gen.
Mgr., E. C. Hathaway; 2nd Vice- res., F. O. Briggs; Sec. Treas., W. J.
Kehl.—V. 81, p 508; V. 82 p. 752, 1041, 1323.
NEWPORT NEWS AND
WAY
&
ELECTRIC—
OLD POINT RAIL¬
Srqanization.—In 1898 purchased the Newport NewsA Power
Hampton
Co. at
A
Point Railway and acquired the Chesapeake Light
Hampton, Va. Later acquired the
Newport News Gas Co., and the Danville Ry. A
19 >5. acquired entire capital stock of the Hampton
Citizens'Ry. Lt. A Power Co., the
Electric Co. In Nov.,
Roads Traction
Co., successor to the Hampton Roads Ry. A Eleo. Co., sold under fore¬
closure, and comprising 21 miles of track. Formerly also controlled
■H3
74
STREET RAILWAYS.
the Norfolk <fc Atlantic Terminal Co. but this proper y was sold in
Nov. 1906 to the Norfolk & Portsmouth Traction Co., whieli see anove
Controls the electric lighting, power and ice business in Newport News,
OFFICERS—Pres., Henry H
Seo., Charles D. Noyes, Trea*
Hampton, Old Point andPkmims.
STOCK & Bonds—
Date.
Interest.
Com.,$1,075,000 ($1001
Outstanding.
Pref., 5 p. c. cum. ($100)
5 J.-J.
725,000 July 2, ’02,2
M., $900,000, gold, > 1898 5 g M-N
900,000
Nov. 1,19:48
($1,000 each)c*...
$ Int. at Alex. Brown A Sons, Baltimore, Md.
1st M. Cit Ry. Lt.APow. ) 1900
5g.MAN
800,000
May 1, 1940
$800,000 ($1,0<>0), g.c* > Md. Trust Co., Baltimore, Trustee.
Guar.
luar. prin.
) Int. at Alex. Brown A Sons, Baltimore.
print, and int..
int’
5 g M-S
March 1,1941
1,700.000
Gen. Mort., $4.000 000' 1901
Int. at Alex Brown A Sons, Baltimore, Md.,
gold ($1,000 eaoh) o* '
or at Co.’s agency in New*
Y<p*k.
2?oud#-The Maryland Trust Co., Baltimore, is trustee of both the
mortgages of the Newport News A Old Point Ry A Elect The N ewport
News bonds of 1698 are subject to call at 110 on any interest
day at 60
days’ notice, and so are the bonds of the Citizens’ Co. The latter are
guaranteed bv the Newport News Ry. A Elect Co. See V. 71, p. 84.
Of the $1,000,000 General Mortgage bonds, $1,700,000 have been
Co. See V 83, p. 1 ^29.
The Oakland Traction C nsol. was a
consolidation of the Oakland Transit Consol, and the Webster Street &
Park Ry. See Y. 79, p. 1462.
The Oakland Transit, Consolidated
was a o<*nsoli, ation on Mar. 29, 1902,
or the Oakland Transit and the
Oakland San Leandro
Hayward’s Elec. Ry. Consolidated.
Con¬
trolled by “Realty Syndicate.” Franchises
1933
expire fiom
to 1942.
Comprises practically all the street railways doing business in Oakland,
Alameda, Berkley and county of Alameda. On April 27, 1901, began
using power furnished by the Bay Counties Power Co., which power is
generated by the Yuba River and transmitted the 140 miles by copper
cables.
STOCK & Bonds—
Date.
Gommon,* 10,875.000,$! 00
Issued; $1,700,000 are reserved by »lie trustee to take up at maturity
the outstanding bonds of the Newport News A Old Point
Ry. and the
Citizens’ Railway, Light & Power Co. In addition to the mortgage
lien, bonds are secured by a deposit of the bonds and stocks of the
Citizens’ Ry. Lt & Power Co., Newport News Gas Co. and Danville
Ry. A Elect. Co
Road. - Including 'Mtizens’ Railway. Light, A Power Co. and the
Hampton Roads Traction Co (but exclusive of the Danville Ry. A
Eiec.l operates 'a 5 no lea of traok.
OFF'CERS—Pres Wiu. J. Payne, Richmond; Vice-Pres., George A.
Schmelz. Newport New-; Seo’y. D. C. Zoill. kotfer. Richmond; Treas.,
H L. Schmelz, Hampton; Gen. Man., W. W. 8. But
er,Hampton; Auditor,
F. von Schilling, Hampton.—V.77, p. 147.824; V. 81,
p, lo5L.
INTER-STATE
CONSOLIDATED
organization -Organized
as
ST.
Re¬
Massachusetts to the In¬
successor in
ter-State Consolidated of Rhode Island.
Stock & Bonds—
Date. Interest.
Outstanding.
Lastdiv
Stock, $275,000, par $100
$2 75,00
in ’04-5. 7%
ROAD—Owns 20-55 miles trolley track and 1-10 mile sidings,
etc., from Main Street, Pawtucket R. I., to North Attleborough
and
Plainville. Mass., Hebronville, Dodgeville and Attleborough.
Total
operated, 21*65 miles.
EARNINGS—For year ending Sept. 30, t905: Gross, $152,036; net,
$32,194; taxes, $7,674; dl yidends, $ 19 250; surplus. $5,270
OFFICERS—President. Marsden J. Perry, Providence, R. I.; VicePresident, BenJ. A. Jackson; Secretary and Treasurer, C. S. Sweetland;
General Manager, A. T. Potter.—V. '3, p. 236.
NORTHAMPTON, MASS.
NORTHAMPTON STREET RAIL WAY—A
trolley road.
Organization—Chartered Feb. 26,1873.
STOCK, Bonds. Etc.—
Date. Interest. Outstand'g. Div’nds,d:c.
Stock, $300,000, par $100
J-J
$300,000 f.p.See text
( 1888 5 A - O
25,000
Apr. 1, 1909
l8tM.,notsubj.tocall($500)c< Int at 8pringfield S. D. <fc Tr. Co.,
( Springileld, Mass.
New mortgage, $200,( 00
(
1900 4^ J-D
200,000
June l, 1910
v$10,000)
c. (Int. at3d Nat. Bank. Pittsfield, Mass.
Loans and bills payable Oct. 1,1906
200.000
Bonds —The new mtge. 4^? p c. bonds can be called at
par in 1905
upon 60 days’ notice. Trustees are Erwin H. Kennedy and Ralph B.
Bardwell, both of Pittsfield.
Dividends—1901. 8 p.
in 1902, 8 p o.: in 1903, 8 p. 0 ; in 1904
6 p. c ; in 1905, fip.c; on Dec. 27, 1905, 3n
p. o.; in 1956, July, 343
p. c.; in 1907, Jan., 4 p. c
ROAD—Operates 26 578 miles of track, including extension to Hoi
yoke and extension from Mt. Tom Junction to Easthampton. Operates
44 passenger oars, 4 snow plows and 110 electric motors.
ANNUAL Report—For years ending Sept. 30 earnings have been :
...
Gross
Net
1906.
1905.
$163,705
$151,204
53,458
47 402
1906.
1905
Bal. for dtv’uds $24,943
$19,328
Dividends
21,000
18,000
Int.,tax., etc..* 28,515
28.074 Bal. for year., sur.3,943 su**. 1,328
Officers—Pres., C. Hammond. No. Hampshire, Mass ; sec H. P
CONNECTICUT
VALLEY ST. RY.-Trnlley.
Organization-Incorporated iu 1899. Commenced ian. 22.1900
a consolidation on
April 1,1905, of the Northampton A Amherst st
Is
Ry., the Greenfield A Turner’s Falls St Ry. and the Greenfield oter
field & Northampton St Ry., as per plan i 1 V 80
p. 1111.
STOCK & Bonds—
Date. Interest. Outsi ’Uft'g
Maturity
Stock, $50",000. $100
$500,000
1905-06,2%
Conn. V alb y St. Ry. 1st) 19o0 5 g. MR
4U.oi 0
Sept 1. 1920
M
gold ($1,000)
c* ) Int at Old Coiony Trust Go Bust., Trust
Northampton A Amherst) 1900 5g. MAS
180,000 Sept, i iu20
1st M., $180,000, gold, > Interest at Old
Colony Trust Co., Boston,
(*i,000)
c)
Trustee
Greenfield Deer. A North
) 1903 ft g. J-.J
150,000 Ju.y 1,1923
1st inortgHge, $150,000, >Int. at Mercantile Tr. C«.
Boston, Tnut.
g. ($1,000 and $500).. .0* )
No s. f and bonds 1ann«>t be called.
Gr. A Tur. F. 1st mort., g ,) 1896 5 g. JAD
8<> 000
June L. 1916
sinking fund
s Interest at Beacon Trust Co.. Boston,
Gr. & Tur. F. eons.M .$130,-/ 1903 5 g. JAD
50,000
June 1, 1923
000, g. ($500. $' ,000)..c* s Iut. at Beacon Trust Co
Boston, True.
Bonds —Greenf. A Turn F 1st mort.
(originally $100,000) provides
for the payment of $2,000 annually from 18t‘7 to 191 •‘n
inclusive,
.
I
-
,
.
I- i
,
Ou
Maturi y.
Stand'g.
$10,875,000
-
7,050,000
True. Co. een. con.) 1907
5 g. J-I18
.?»
Jan 18,1935
mtge.. g., $12,000,000,
at Wellp, Fargo-Nevada Nat. Bk, San
sink, fund t$l,000)
Fran.
)
LTnlon Tr. Co.. San Frnu trustee.
Gen. consolidated mtge. / 1905
‘'g l J
2,174,000 Jan. 2, 1933
Oak. Ti ac. Consol., $7,- >
Int. at Wells Fargo A Co.. Ba k N. Y. A
0 .0 000 gold ($1.000).o>lSan Fran.; Union Tr Co
Sau Fran., trust.
1st cons. M., $4 806,000
LOOO )
5 g. J-J
1902
1,306.000 July 1. 1932
Oakland Transit Con.
s f ($1 000)
g
)
[-lot
,
.
^OIc* Union Trust Co., San
1st
con
s
f
M
Oak
Tran
?iinnoi
oon non
$3,000,000
($1,000),g..c
Francisco, Trustee.
5 g J-J
C 1901
1,600,000 July 1, 1931
] Mercantile Trust Co., San Fran, trustee.
i Int at WeijB Fargo & Co Bankt NiY.A S.F.
Oakland Trai sit) 1898
6 g J-J
l,400,0i 0 July 7,1918
$1,400,000, g., s. f., not > Int at Well Fargo v. Co. Bank, v Y. and
sub to call
c* 1
S F or at Cal. Saf* Dcp ATr. Co., trustBonds—Of the $12,000,000 bonds of 1907, $7,000 00 > are reserved
for prior liens.
A sinking fu d begins iu 190', which will retire
about $7,00-»,00 > bonds by
1932.
Of the $7,000,000 Oakland
Traction consolidated mortgage., $4.c0«,000 are reserved to retire
prior liens and remainder for extensions aud improvements. A
sinning fund begins iu 1906 which will retire $6,000.i*00 bonds
byJuly 1,1928 SeeV 81, p 668. Of the lHt consol, mortgage of 1902
of the Oakland
Transit Consolidated, $3,500 000 are reserved for
prior liens and the balance ($1,654,000) was previously reserved
for extensions and improvements, but shareholders voted on June
17,
1904, to cancel this $1,654,000 bonds. - see V. 78, p. *385. A sinking
fund for these bonds commences in 1903 ami ranges irom $10,000 to
$250,000 per year, which will retire at maturity *4,090,000 bonds.
Bonds not subject to call, but may be purchtsed for sinkiug fund in
open market
See V. 75, p 135 Of the $3,000,000 1st consols Oakland
Transit, $l,400,0u0 reserved to retire underlying liens at maturity. A
sinking fund com tiences on these bonds in 1912 which will retire or
provide for $2,000,000 of the bonds on or before maturity.*' Interest
on both consol, mtges. is
payable at Wells, Fargo A Co. Bank in New
York and San Francisco.
1st mtge.
,
Date.
BONDS—
Oak.Sau Leandro A Hay.) 1892
Interest.
Outstanding
Maturity
6g M-S
$250,000 Mar. 1, 1922
Iut at Wells Fargo A Co Bank, N. Y. & 8. F.
23d Ave.Ei. Ry. 1st uiort., \ 1893
6g M-8 15
250,000 Mar. 1, 19*23
gold($l,000i
5 Int. at Wells Fargo AC ». Bank, N Y & 8. F.
Mortgage trustee is the California Title Ins. A Trust Co., San Fran.
Bonds—Both mortgages have sinking fund commencing ten years
after date and increasing from 2 per cent yearly (of total bonds out¬
standing) for the first five years to 8 per cent for last five years. The
bonds are not subject to call before maturity.
Report of combined properties for oalendar yeai 1906: Gross,
$2 *26 017; net, $1,252,762; charges. $428,142; surplus. $824,620.
Road—Operates 161 miles of trollev, Extending from Oakland to
Alameda, Piedmont, Berkeley, Fruitvale, East Oakland, San Leandro
El. tty. IstM.g.l $1,000.)
\
ami
Haywards.
Officers—President, E. A. Heron; 1st Vice Pres Henry Wndsworth;
2d V. P. and Gen. Mgr, vV. F. Kelly; Treas. F. C. Havens;
See.,
Samuel J. Taylor, Ass’t. 8eo.. F. W. Frost; Ass’t Gen.
Mgr., J. Q.
Brown.—V. 80, p. 1479; V. 81, p. 66s; V. 83, 1229.
.
OIL CITY, PA.
,
Field, Northampton; Vice-President and Trea*’r. N. D. Winter, Spring
field; Supt., Edwin C. Clark, Northampton.—V 7o, p.842. 1049.
1
Interest.
Pl$T6o%,CUm'^7,U50,000,(
Oak.
,
ATTLEBOROUGH, MASS.
Gallup; Vice-Pres., Henry H. Gallup:
Robt W. Perkins. V. 82, p. 1497.
OAKLAND TRACTION COMPANY.- Trolley.
Organization—lucorpora ed in Ca iforuia .>ov 8, 1906, and is a
consolidation of the Oakland Traction Consol, and the
Berkeley Trac¬
tion
...
1st
NORTH
,
OAKLAND, CAL.
Maturity.
$1,075,000
| VOL. LXXX1V.
VENANGO POWER & TRACTION CO.
Ruanization.
Incorporated m New Jersey and is a consolidation
of all the electric railways in Venango County, Pa., viz., the < ’itizens*
Traction < o., Oil Citv Street Ry. co.. Oil City Rousevllle
Franklin
Ry., Citizens’ Light & Power « o.t Franklin Electric Ry. and Station
Ry. < o. Furnishes lights to the towns along Its line.
STOCK & Bonds—
Date
Interest
Outsmnd'g.
MaturityStOCK, $1,000,000 ($100)...
$1,000,000
1st mortgage, $1,000,000,) 1901
ft g. J.-J.
1,000,000 July 1. 1931
gold ($1,000)
o‘ s
Int. at Colonial Trust • o.. N. Y., Trustee.
Bonds.—All bonds and stock of constituent companies are
pledged.
Bonds are subject to call on any iuterest date prioi to 1911 on 30
days
■
notice at 115 and int. and thereafter at 105 and int.
V. 74.
i>.
1253.
Earnings—For year encUng June 30, 1904, were: Gross, $236,839,
against $223,945 in 1903.
Road—Operates 32 miles of track in and between Oil City, Franklin,
Rouseville, Reno. Sage Run and Silverly Boro 65-lb and 70-lb J and
girder rail. Owns Monarch Park. Has 54 passenger. 9 onustruct’n oars.
OFFICERS—President and Manager, Daniel J. Geary; Vice President,
Wm. Hasson; Secretary and Treasurer, Wm. B. Filson.—V.
76, p. 267.
,
at
Hutfioienc of the console are reserved to retire the first
mortgage bonds at maturity. The Northampton A Amherst bonds are
subject to call after Sept. 1,1910, at 105 on 4 week*’ notice, as are the
bonds of the Conn Valley St. Rv. The $4o,000 Conn Val bonds
were
a
premium.
issued under the first mort. of the North. A Amherst St
Ry.
Earnings-For year endiDg Sept. 30, 1906, gro-s, $lf3.622: net,
$58,371; int. and taxes, $36.172;ciiv’ds (2%), $9,71s; surplus, $12.48L,
Road—Owns and operates 50 miles of traok between culler’s Falls,
Turners Falls. Greentteld, Northampton and Amherst.
OFFICERS—Pres., F. E. Pierce; Sec. and Treas., D. P. Abercrombie,
Jr.; Supt., J. A. Taggart.-V. 82, p 48; V. 83, p 969. 1037.
NORWICH, CONN.
NORWICH & WESTERLY RY—A trolley road.
Organ'ZaTi n.— Incorporated in Connecticut and operates under
charters granted both by Connecticut and Rhode island.
STOCK <Jb Bonds—
Date.
Interest. Outstanding.
Maturity.
Common. $450,000
$450,000
Pref. $250,000
200.000
1st mortgage, $750,000 } 1906
5 gM R
600,000
Maroh 1,1936
gold ($1,000
s Int. at Thames Loan & Tr. Co., Norwich.
Bonds —$1 0,000 reserved for extensions and betterments. Subject
to call Mt any time at 115 and int.
Road—Operates 21** miles of track from Norwich. Oodu., via Po
quetanuck. Hallville, Shewvillc, North Stnn'ngto* and White Rock to
Westerly. R. I. Private right, of way except through towns. 701b.
rails, 9 passenger cars, 1 baggage and 2 combination cars.
OKLAHOMA CITY, OKLA.
OKLAHOMA CITY RY. CO -A. trolley
r ovd.
Organiz*t On—Incorporated inOhlahomaon lune 14,1904 and was
July 1, 1904, to the Metropolitan Ry. Co. City franchise
perpetual, ana exclusive on streets occupied
STOCK & Bonds—
Interest.
Date.
Outstanding.
Maturity
Stock $1,1.00.000, $100.
$1.000.<'0*»
1st M., $1,000,OoO, g f 1904
550 OoO July 1, 1934
5g JJ
($1,000)
o‘s Int. at Iron Cit> Tr. co., Pit'sourgh, Trustee.
r
successor on
.
..
Bon '#.—$450,000 are reserve^ for future extensions and
improve¬
90 per cent of value, and tnsuahle o> ly when net
earnings
are double interest charge*,
including interest on bonds to be i sued.
ments at
Are subject to call in any amount at 110 and interest on and
after
July 1,1914. See V. 7u, p. 213
Earn'ngs i*or year e dl g Deo. 31 1905, cross. $.25,7e8; net,
$55,950; fixed charges, $22,109; surplus. $33,841.
Road—Operates 25 miles of track in Oklahoma City and suburbs
and 35 passenger cars.
Office
RS —Pres
G. H. Brauer;
A. H. Classen; Vice Pres.. J. W. Shartel: Treas.,
Sec., H. M. Brauer; Supt., C. W. Ford.—V. 79, p. 213.
,
OLEAN
N. Y.
^PENNSYLVANIA
WESTERN NEW YORK
TRACTION CO —A trolley road
Organization—Ineoipo ated iu New Yo k and
Pennsylvania on
Nov. 17.1906. and is a c nsolidation of the Olean Street
Ry. and the
Rock City «R . 'lie latter being a reorganization of ilie uiean Rock
Ci’y A Bradford Ry. Subseq lently consolidated the Bradford ft, RR.
Date.
Bonds—
$1,000,000 (SlOO)
*1,000,0 0 ($100).
Stock A
Com.,
p,ef..
1st A
ref. M.
Interest.
zsrns’
$1,000,000
5 g.
J
-
2,174.000 Jan. 1. 19 37
.T
reorganization m 190 • wt the* in
under the laws of Wisconsin.
Population served (estimated) 1905,
1.000,000
$5,000,COO! ) 1907
Organization, Etc.—This is a
Traction Co. Incorporated
Maturity.
Outstand'g
o* S Int. at Colonial Trust Co . NT. Y., Trustee.
5 g. M-N
204.000 Nov. », 1929
mtge.,) 1899
$225,000. ($1,000), g.c* j Interest at Fidelity Trust Co.,Buffalo,Trust.
Ol^an 8t. By. 1st exten.) 1901
5 g. F-A
122,000 Aug. 1, 1931
JTnt’st at Fidelity Trust C«>., Buffalo, trustee.
gold (+1,000)
01-au -*t. Ry.lst
caUod)0^
(Cannot be , gm]jin>? fUnd of $2,0u0 commences in 1905.
Bonds— Of the $5,000,00) new bonds, $326,000 are reserved for
before Jan 1, 1912, at 105 and
of 1899 became operative in
$21,000 had been paid to Feb
1,1907. Bonds cannot be called. A sinking mid * ' u the 1st mtge.
extension bonds became operative Aug 1. 1903; $8,000 has b^eu pa'd
in'o the fund Feb. 1, 1907.
Iu addition, the Sinn alehouse RR., whose
stock is owned, has $5 - ,o00 5% bon is due in 1933.
Ro id—Operates sb mt *3 mileH of track in Ole in and Bradford and
between those points and lines to Portv-l.e Alleghany, Bolivar and
Ceres, whoreconnoetlon is inadr* with the Shinghouse KK. An ex
tension of 15ha ini es to Salamanca is under constructi in.
< ■ as 52
cars.
OFFICERS—Pres.. W. R. Pave. Olean; Vice Pres . tos B. Mayer, ew
Yoik; Treas., Jos L. Page, Olean; neo’y I. W Miller. — V. 83, p. 1292
prior liens
75
STREET RAILWAYS
Feb., 1907. J
Are subject to call on or
hit.: thereafter at 110 and int
Sinking fund on Olean St. Rv. 1st mtge.
Nov., (901, $4,000 being paid annually;
1st
mortgage,
50,000. Franchises run to 1932.
Outstand'g. Maturity.
$650,000
.'
$900,000, ( 1900 5g. A-O 615,000 Apr. 1, 1930
c* \ Trust C o. of America. N. Y.. trustee.
Date. Interest.
Stock dc Bonds—
Stock, $650,000
gold, $1.000
Bon/tn—$255,000 are reserved for future purposes.
deemable at 110 and accrued interest, upon six weeks
Bonds are re¬
notice.
Earnings—For calendar year 1906, gross, $145,551.
Road—Owns 38 miles of road. 15 miles 1n Oshkosh, 15 miles of interurban road running to Neenah and Meuaslia. and 8 miles to Omro
Officers.—Pres., R. H Haokatt; See.. A. H. Ostrom vew York;
Treas., S. M. Rothermel; Vice-Pies, and Gen. Man., E. B. Kirk.—V. 74
p. 885; V. 79. p. 2458.
OSSINING, N. Y.
WESTCHESTER TRACTION.-A
trolley road.
Organization—This company, merger on Feb. 17,
the Ossining Electric Ry.,
1902, absorbed
wbioh was chartered June 7, 1893.
Date.
Interest.
Outstand'g. Maturity.
Stock and Bonds$300,000
Steck. $1 500,000 (*100)..
1902
5g. A-O
See text
*pr. 1,1932
1st mort., $1,500,000. g. >
cAr < New York Trust Co.. N. Y.. Trustee.
$1,000).
Hoods
Of the 1st mortgage bonds, *138,000 are in hands of
...
$462,000
are
held by the Construction Co. and
$900,000 are
public,
reserved
for extrusions
OMAHA, NEB.
OMAHA. & COUNCIL BLUFFS STREET RY
-A Molley rOrtd.
Organization.—Incorporated in Nebraska. Owns lines formerly op
eratet by Omaha 8treet Ry. Co.: leases the Onraha <te Couucil Bluffs
Ry. & Bridge Co. in Gounoil Bluffs, lowa, until 19*7. together with its
bridge over Missouri River,
rental being ior 1904-05, $45,000;
1905 >6, $45,000; 190H-O7 and thereafter $60,000 per annum, in
Road-Owns about 3 mll^s of
Officers-Pre-ident, A R. Law, Philadelphia;
Heller; Seo’y and Treas.. C. E. Lent,
HUDSON
CO.-
addition to all tixed charges.
Date.
Stock & Bonds—
Com.
$10,<-00,000, $100.
Pf.5% cum..from Jan.l,>
Interest.
n T
Outstanding.
$5,000,000
4,000,000 Oct.,’06,1*4%
(l)
1175
OMAHA & COUNdL
BLUFFS RAILWAY & BRIDGR—
leased
Organization -Incorporated In lowa
An electric road. Is
A Council Bluffs 8treet Ry. For terms of lease see state¬
ment of the latter above, owns entire capital stock of the ^m. Couucil
Bluffs <fc Suburban Ry. and the Lake Mauawa & Manhattan Beaeu Ry.
The $600,000 morrgage of the former company made to the Royal Trus1
Co. of Chicago and Albert E. Johnson, as trustees, is all held by the
to the Omaha
Ry. <fc Bridge Co. Lake Mauawa & Manhattan Bea jh has no funded debt.
Maturity.
Date.
Interest. Outstanding.
Stock & Bonds—
$1,500,000
Corn $ l ,500,000 (+100)
Pf.,4%oum. from Feb. i
M-A
1,500,000 In 1906, 3%
1, *07, $1,509,000 >
($100)
)
400,000 Jan. 1,1908
6 g J-J
1888.
1st mort. (see below) )
,
-
gold,$l,000,sinking £ Subject to call at 110 in 1899.
fund, $500,000.. .c* ) Int. at Mercantile Trust Co.(trustee), N.Y. City.
lstoonsol.M. $2,000,- >
1902
See text
Jan. 1,1928
5 J-J
000 ($1,000)
.0' ) Int. at Central Trust Co., N. Y., Trustee.
.
Bonds
guaranteed—
250,000
1889.
5 g J-J
July 1,190P
1stM.$250,000gold [Subject to call at 106 In 1899.
$1,000 guar. p. <fe 1. | Interest at Mercantile Trust Co., trustee, New
(end.) sinking fund c* J
York City.
titocksand Bonds—Of the new 1st consol mort.for $2,000,000, $900,000
Council Bluffs St. Ry. 1
bonds of the Omaha & Council
prior liens and $450,000 for
Improvements, of which latter none had been issued up to Feb , 1907
Tee $100,000 first ts unissued are deposited as security for the O. A
C. B. Ry. A Bridge consol, ns, as also are $600,000 bonds of the Omaha
Council Bluffs & Suburban Ry. The sinking fund on the first 6s was
$20,000 yearly till Jan. 1,1899. and thereafter $30,000.
Road—Operates 31*97 miles of track, Including the trackage of the
Omaha Council Bluffs & Suburban Railway and the Lake Manawa A
Manhattan Beaoh Ry., comprising the entire streat railways of Coun
oil Bluffs. Also owns bridge between Omaha and Council Bluffs over
are
deposited as part security for the
Bluffs St. Ry.,
$650,*Kio are reserved for
the Missouri River.
Officers—President, J. H. Millard; Vice-President,
Seo.,C. T. Stewart ; Treas., E. E. Hart.-V. 77, p 37.
Geo. F. Wright;
ONEONTA, N. Y.
ONEONTA COOPERSTOWN& RICHFIELD
SPRINGS RY.—A trolley road.
Road was sold under 'oreolosure on March 13, 1906, and bid in by
bondholders. V. 82. p. 629. In May, 1906, the Oneonta & Mohawk
Valley RR. was inoorporared with $1,800,000 sto k as successor.
82, p.1157. Nawompauy authorized! to issue $1,800,000 bonds.
Road.—Operates 68 miles of track between Oneonta, Cooperstown,
Riobfield Springs and Mohawk, at which latter point it connects with
Rails, 60 to 90 lbs ; 39 cars.
the Utica <fe Mohawk Val. Ry. for Utica.
Officers—President, Edward C. White; Secretary, Chaa. V. D. Peek;
Treasurer, Herbert T. Jennings. 206 Broadway, New York.—V. 78, p.
1168; V. 80. p. 1972; V. 82, p. 629, 1157.
OSHKOSH,
WIS.
WINNEBAGO TRACTION
CO.-A trolley road.
Vice-Pres . Thos. R.
V. 76, p. 867.
RIVER & EASTERN
.
W. A Smith —V. 80, p.
New York,
TRACTIOI
OsQaN'Zation Incorporated In New York on Feb 15.1 01, with
$400,000 oapi» *1 stock, all eo union. Is i-ontrolled bv F. A. >trnt'on
of Mt Vernon (President of TJ»e Northern Wer-toliester Lighting Co.)
and ass' oiates.
Proposes to build <% One fr*un the V Y <Vntral Station
In Ossining through Ossining aud Bria cliffe Manor to Pieasau* ville
and Sherman Park, 9 miles
s shot t p'kh or the road 1ms b .eu completad; rein tinder to be built 11 simmer of 1907.
Maturity
$5,000,000, $100. \
^J
May 1,1914
2,500,000
Oni St. Rv. 1st consol.> 1889 5g. M.-N
at
Farmers’
Interest
Loan A TrustCo., N. Y.
M.. *2,500,000, gold,
Otu <te C. B. st. Ry. 1st
1902
5g. J J
4,850,000 Jan. 1, 1928
con
M.. $10,000,0 0,
Int. at Morton Trust Co., N, Y., Trustee.
g.($1,000) no s. f.
0*
Stock <Sc Bonds —1$5,000,000 common and $1,000,000 preferred
stock are set asid- for additions aud improvements.
Of the new
$10,000,000 mortgage, $2,500.00O is reserved to retire alike amount
of o naha Street Rv. bonds.
Remainder rese'ved for extensions and
lm proven)’ts at 85% of cost. Tne $10,000,000 consol, bands are further
secured bv deposit of $900.0 O <*f the Omaha & Council Bluffs Ry. A
Biidge f’o tret consol. 5s
V. 79, p. 2086.
)K Dividends.— First dividend on pref. sfock—IM p. o —was pall An*.
1, 1901, and same amount quarterly to and including Oot., 1906.
Eaun NQS—For o»len tar yetr 1 »05: Gross. $1,709,641. net, $*50.
055: taxes and rentals. $192,139, other income, $1,03 2; Interest,
$365,5l5; surplus. $396,433.
Road.—Owns 100 miles of track, being all the street railways In
Omana and South Omaha, Florence, Bens m and Dundee, Neh.
Also
by tense or stock control receives the earnings of all street railways
in Council Bluffs, la. (31*97 mileg>, including the Omaha
Council
Bluffs bridge, making total operate i «»r controlled 13197 miles
Officers—Pres.. Guy C. Barton; 1st Vice-Pres , G. W. Wattles; 2d
Vice- Pres., M. 8. Hopkins; see., R. A. Leussler; Treas. aud Gen. Man.,
’04
road and power house in Ossining.
the
Extension to
50 miles in all propose1 to various places in
county.
i leasantville to be built, and p esent- road rebut t.
OSWEGO, N. Y.
'
OSWEGO TRACTION—Trolley.
In Dec., 1906, it was reputed to at control
hands. 8ee V. *3. p 1471,
Organization
of road had changed
Incorporated at Albany June 1, 1899, as successor
Railway and the Lake Ontario & Riverside, sold
10, 1899, acoording to plan iu V. 65, p. 278.
to the Oswego Street.
at foreclosure April
Charier
perpetual.
Date. Interest. Outstand'g.
Maturity.
Stock and Ronds—
$200,000
Stock, com $200 000 ($100)..
5
100,000
Pref ,$l0o,000, no",cu ,i$100)
1899 5g. J-D
97,000 June 1, 1929
1st mortgage,$100,000, gold, (
$1,000
S Trustee, Knickerbocker Tr. Co.,N. Y.
.
2d mtge.,
$200,000 (*500)
3 MS
1899
..
191,000 June 1, 1929
| Knickerbocker Trust Co
,
trustee.
Road—Updates 11miles of track. Rails, 45 to 109 lb. standard
Operates 26 cars. „
gauge
Earnings-Year ending June 30,1906, gross, $54,501; net, $20,154;
charges, $13,487; surplus, $ >,667.
Officers-Pres., 8. M. Coon; Vice Pres., Charles A. Tanner; Treas.
Dan’l A.Williams-all of Oswego. -V.75, p. 1355;
James P. Doyle: Hec
V. 83, p. 96, 1471.
,
OTTAWA, 1EE.
ILLINOIS VALLEY RAILWAY CO - Trolley.
Organization—Was formerly known as the Illinois Valley Traction
Company, but w as - ucoeeded by the Illinois Valley Railway Company,
a new
corporation, in 1904.
The latter is organized under the
steam railroad law, and has power of condemning property for right
of way. Ou May 1, 1903, the Illinois Valley Traction had acquired the
Ottawa Marseilles
A Morris River Ry.
STOCK & Bonds—
Date. Interest. Outstand'g.
Maturity.
$100,000
$ 1905 5g.M-9 1.500.000 Sept. 1, 1935
($509 and $1,000)..
c \ Int. at Portland (Me.) Trust Co., trustee.
Bonds— Bonds have a sinking fandot 1*2 p. 0. per annum of amount
outstanding. Are suhjeot to call for s. f. after March l, 190 J, at 105;
Stook, $100,000 1$ LOO)
1st mort., $2 000.000, gold
after March 1, 1910.
Earnings—For cal year 1905, gross, $167,015; In 1901. $14^,448.
Road—In operation La 8alle to Ladd, 11*9 m.: in La 8alle City, 3*8
m.; Marseilles to Utica, 16*72 m.; connecting link between Utica and
La Salle, 4 24 m., Is completed: also line from Marseilles to Seneca,
An ex¬
5** miles: total about 38 miles. Operates 11 lnterurban cars.
tension from Spring Valley, via De Pue and Bureau, to Princeton,
18»« miles, is expected to be completed during 1907.
OFFICERS—President, W. B. McKinley, Champaign, Ill.: Vioe Pres.,
Geo. F. D mean. Portland, Me.; Seo’y. & Treas., Edward Woodman,
Portland, Me.-V. 76, p. 1192.
for oth vr purposes
NORTHERN
TION CO.—A
ILLINOIS LIGHT
trolley road.
& TRAC¬
Organization—Incorporated in Illinois and is successor
1903, to the Ottawa Railway. Light <fe Power Co., sold under
ure. Franchise perpetual for lighting and until Mar , 1924, for
Has contract for city lighting.
Stock & Bonds- ’
Stock. $250,000 ($100)...
Date.
Interest.
Outstand'g.
in July
foreclos¬
railway.
Maturity.
$250,000
1st mortgage, $1,20 ,000, ) 1903
5 g. J-J
250,000 July 1, 1923
gold ($500 & $1 000) .0*" s Int. at Am. Loan & Tr. Co., Boston, Trus.
Bonds. -No sinking fund and bonds cannot be called.
EARNINGS —For 12 months ending March 31. 1906. gross, $62,749;
net, $29,950. In 1904-05, gross, $60,135; net, $19,022.
ROAD and Plant—Operates about 8 miles of line, covering the prin¬
cipal streets of Ottawa, and also runs out of the oity to Ellis Park, a
pleasure resort on the Hllnois River. Also has extensions from Ottawa
to Chautauqua Park. Equipment, 11 motor and 7 trail ears. Has both
......
steam and water power plants for generating power, which can be
operated independently if neressary. Is supplying 154 enclosed aro
lights under ofty contract and 120 for commercial lighting. Also
lnoandescent lights, 219 h. p it motors, and one 200*k. w. and one
300-k. w. alternator for street lighting.
OFFICERS*—President, E. W. Rollins, Boston; Vloe-Pres., G. H. Tay¬
lor; Secretary and Treas.. J. 8. Pishon; General Man.. Louis W. Bess,
Ottawa, Ill -V. 76, p. 436,1144,1192; V. 77, p. 251; V. 82, p.1041.
14,374
76
STREET RAILWAYS
....
ma i s.
Officers—Pres., Arthur S. Haey; Seo’y, J. J. O’Brien.—V. 78, p.
584; V 82, p. 49, 1213, 1269.
^
\
1902 5g.J-J
200,000
Jan. 1,1932
r j Internet at Louisville Tr. Co., trustee.
subiect to call.
Road—Owns 13"^ miles of trolley tiack in Owensboro and suburbs
56-lb. rail; 15 motor oars, double G. E. *00; 5 trailers, 19 tO-ton coal
cars.
Has erected a new power house with a 200 k. w. generator and
($1,000)
a
300
c
....
&
are not
h.-p water tube boiler.
OWOSSO, MICH.
OWOSSO & CORUNNA ELECTRIC CO-Obganization- A consolidation on March 14, 1899, f the Owosso *
Corunna Tract. Co. and the Caledonia Electric Light & Power Co.
Stock & Bonds—
Date.
Interest. Outstaud'g.
Maturity
Stock, $150,000 <$100)
$150,000
1st mort., $120,000. gold )
5 g. J-J
120,000
1924
($l,000i
c s Fidelity * rust Co., Philadelphia, trustee
Road Operates a 5-mile road bet ween Owosso and Corunna; also does
electric lighting business *mi has contract with the city of Owosso for
lighting until August, 1909.
Officer —Pres.. <r. H. Stephenson. Phila ; Sec. & Treas., J. Tracey
Eustis, Boston : Manager, Lawrence Manning, Owosso.
KY;
PADUCAH TRACTION & LIOHT CO
Organization—Incorporated in Maine on Nov. 17, 1905, and
owns
all the securities ofjthe PaducahTrac. Co. ann Paducah L’t * Power Co.
Besides street railway business, does the entire commercial e eetrio
lighting, gas and steam heating business of the city. Street railway
and electric lighting franchises expire in 1924. steam heating fran
chine in 1922 and gas franchise is perpetual.
33^3
Date. Interest. Outstanding. Maturity
STOCK & Bonds—
Common, $1,000,000, $100
$1,000,000
Pref. 5ut>* $1,000,000. $1001
500.000 Dee.,’06. 1%
Coll.tr mtg.. $2,000,000. S 1905 5 g M-N
657,000 Nov. 1,1935
> Int at State st. Trust Co., Boston,Trustee
gold
Pad st.
St uy.
Rv mort
' 100.000 July 1,1920
5 1890 H
raa.
s. 1f
moit., «
twelve months are equal to at least twice the interest on the outstand¬
ing bonds and the proposed issue. See V. 71, p. 913.
Dividends—Six per cent per annum is being paid on pref. stock.
On common, in 1906, Oot., ^ p. o.; Dec., *2 P- o.
dross.
"Set. Int. <&sink f'd. Surplus.
Report—Yearto June30:
1905-6
$134,539 $63,4S 7
$34,960
$28,527
•
1904-5
119,165
50,598
34,960
15,638
1903-4
110,735
44,408
34,960
9,448
*
After taxes.
Road—Owns and operates 10-36 miles of track in Peekskill and to
Lake Mohegan and Verplanek’s Point, with branch to State Camp.
OFFICERS—President, F. A. Stratton, Mt. Vernon; Vice-Pres., Stuart
Wilder, Ossining; Sec’y. Clias H. Werner, 32 Liberty St., N. Y. City;
General Office, Peekskill, N. Y.—V.
Treas., W. B. Clements, Peekskill
82, p. 1041.
PENSACOLA, FLA.
PENSACOLA ELECTRIC CO-—'
Organization—Incorporated in Maine »u July 6, 1906. and is suc¬
cessor to the Pensacola Electric Terminal Co
Owns practically the
entire stock and the entire bonds of the Escambia Coun-y Elec. L’t cfc
P Co
Does all the street 1 ail way and electric lighting ot Pensacola.
Railway franchise expires in 1933; lighting franchise perpetual.
StOCa. and Bonds—
Date.
interest. nuts land'g.
Maturity.
6%
1st
cum
Finance & Trust Co.. Lmiisv.. trustee.
1893
6
100,000
1923
Peop. L’t «fc Powrer mort
6
1898
100,000
1918
Paducah City Ry. M., $l.-> 1902
5 g. J-.T
325,O* 0 May 21,’32
000.000, g., (+500-$l,000)o* < Int. at N. Y. Trust Co., N. Y., trustee.
Stock nnd Bonds—Ot the $2,000,000 new bonds, $543,000 are re¬
served to retire prior liens and $800,000 for future
improvements.
Subject to call as a whole at 105 and interest
A sinking fund, if
earned, of 1 p. <\ per annum of outstanding bonds commences Nov. 1,
1906, and becomes obligatory Nov. 1, 1911
Preferred stock is re¬
deemable at 110; is non cumulative until Dec. I, 1907; thereafter Is
...
cumulative.
Dividends— First dividend
$1,500,000,
JUU,
on
,
PARKERSBURG, W. VA.
PARKERSBURG MARIETTA & INTERURBAN RY. A trolley road.
Organization-—Consolidation of the Parkersburg* Interurban Ry.,
the Parkersburg Gas, Elec. Lt. & 8t. Ry. Co. and the Marietta Elec Co.
STOCK & B'lNDS DUe
Interest.
Outdind'u
Maturity.
Stock, $440,000
$44 0,000
1st mortgage, gold..
5
1898
150.0«»0
193S
Consol, mtge
1902
450.000
1942
Fa-ini ngs — For } ear ending April 30, 1905, gross. $701,498.
Road.- Operates 41 linleH of track, including an extension of 12
miles to Marietta.
Uses bridge of the Ohio River Bridge <te
Ferry Co.
between Marietta, Ohio, and Williamstown. W. Va. See V. 77,
p. 1747.
Officers-—President. C. H. Shattuck.—V. 77. p. 1747. '
...
peekskill., n. y.
PEEKSKILL
LIGHTING & RR-
In May, 1906, entire capital stock Wns acquired
by F. A. Stratton of
Mt. Vernon and new officials elected as below.
V. -2. p 1041.
Organization—Incorporated as the Peekskill Lighting Co on July
12, 1900; subsequently purchased the Peekskill Gas Light Co. and
Name changed as above upon
purchase of the Peekskill Traction on Aug. 31 1900. Comprises all
the gas electric light,
power and street railway interests of Peekskill
Franchises of electric-light plants and railways are perpetual. Gas
franchises liberal. On Feb. 9, 1904, the issue of $150,000 6
p. 0. pref.
Peekskill Electric Light & Power Co.
stock
was
authorized.
300,000
s
/(
1906
v Int. at
...
5
g.
is redeemable at 115.
Bonds— $750,000 are reserved for additions snd improvements at 80
u. c. of cost.
A sinking fund of 1% per annum of bouds outstand
ing commences Dec. 1, n-07; Hist ft payments may be waived, but be¬
fixed charge on Doc. 1,1912. Bonds subject to call as a whole
time at 105 and int and in part for sinking fund only. V. 83,
comes a
at any
p. 156.
Road - Operates 20.2 miles of track.
OFFICERS—Managers, Stone A Webster, Boston, Mass —V. 82,
1213; V. 83, p. 156.
PEORIA, ILL.
p.
.
PEORIA
&
PEKIN
TERMINAL
RAILWAY.-1sreaui and electricity.
In Sept.. 1905, Tucker, Anthony A Co sold control of the road to
interests friendly to the Chicago <te Alton Ry
V. 81. p. 1101. One-half
of the stock is owned by the Chicago Rock Island * Pacific Ry. V. 83,
p. 752.
Receivership—In Nov., 1906, W T. Irwin was appointed receiver
npon petition of a judgment bolder. V. 83, p. 1171.
Intereston the
bonds Is in default. A new company known as the Peoria Ry. Ter¬
minal Co. has been organized with $1,000,000 stock to succeed to the
property. V. 83, p. 1291. Was sold under foreclosure on Feb. 9,
1907 (?)
Organization—Operates a terminal system in and between Peoria
and Pekin. Leases from Chic. R. I. * Pao. the Peoria Terminal RR. for
50 years from December, 1897
Private right of way between Peoria
and Pekin, 8 miles.
Franchises perpetual.
Earning®.—For the fiscal year ending June 30, 1905, gross, $262.377; net after taxes. $77,574; Interest $38,275; surplus, $39,299.
Road—Comprises 21 miles of tiue and 29
miles of track. Has
rights over five miles of local street railw ay in Peoria with privilege
of transferring over 46 miles additional.
Freight and through passen¬
ger business handled by steam.
Local passenger business iu and
between Peoria, Pekiu and Crescent by electricity.
Has union depots
In both Peoria and Pekin.
Passenger equipment, 5 combination motor
and 5 trail cars. Freight equipment, 68 oars and 3 looomotives. Track
laid with 70-lb.T t ails
OFFICERS—Ptos., Wm. T. Irwin; Vice-Pres. and Gen. Mgr., E. A.
Burrill, Peoria: Treas H. W Dauforth; Sec., Robt. P. Jack.—V. 83,
p. 762, 1171, 1291; V, 84, p 103. 159.
,
PETALUMA,
CAL.
PETALUMA & SANTA ROSA R Y-— A trolley road.
Organization—Incorporated in California oil .J tiue 20, 1903. Stock
Is held in a voting trust lor 3 years.
V. 78, p 103.
STOCK & Bonds—
Interest.
hate.
Outstanding.
Maturity.
Stock, $1,000,000 $ LOO
1-1,000,000
1st mort $1 000 000 gold ^
1904 5 g M-8
632,0i»0 Mar.1,1924
n*
Int. at Mercantile Trust C<>., San Fran.,
o \
dM.uoui
^ Trugteef 01. at u 8> Mort. & rr. Co N. Y.
2d mort. $250,000, gold, (
1905
" 6
160,000
($1,000)
Mercantile Trust Co., San Fran Trustee.
Bonds—The first mort. bonds have a sinking fund *• ample to take
...
’
,
.
pref. stock, 196, was paid Dec. 1.1906
Earnings—For calendar year 1906, gross, $227,278; net, $77,297;
fixed charges$63,705; surplus, $13,592.
Road—^Operates 13-2 miles of tra k; 35 to 60 lb rail; 34 cars
Officers—Pics., Jos. L. Friedman, Paducah; Ceil. Mgrs Stone &
Webster, Boston —V. 81, p. 1175, 1610; V. 83, p? 1229.
.
$800,t 00
750,000 Aug.1,1931
F-A
gold
City Trust Co., Boston, Trustee.
Stock—The preferred stock becomes cumulative on Deo. 1, 1906, and
mort.,
$ Col
Pad. St. Ry. mortgage
Maturity.
Deo.,’06,*2%
Pref.,$150,000.6%,cum
6 J-D
150,000
Dec., ’06, 3%
1st
mtge., $750,000 J 1900
5 g. A-O
589,000
Oct. 1, 1930
($1,000) gold, 8.F...C* 5 Int. at N. Y. Trust Co., N. Y., Trustee.
Bonds— Whole issue (but no fractional part) can be redeemed on flny
Interest date at 110 and interest after Oet. l, 1905. Sinking fund is
provided at the rate of $10 80 per bond outstanding, beginning Oct.,
1903. The remaining $161,000 can only be Issued for extensions, etc.,
At 75 p e. of actual cost, an t only when net earuings ot the previous
OFFICERS—Pres., John G. Delker; Sec.. J. H. Parish; Treas., W. A.
Adams; Mipt., C. S. Ray.—V. 79. p 270; V 84, p. 340.
PADUCAH,
Outstand'g.
$500,OfK)
.
OWENSBORO CITY RAILROAD-A trolley road.
The pref. Htock was cieatedin Feb., 1907.
V. 84, p. 340.
Organization—Chartered in 1886. Franchise runs till 1936 and
gives exclusive rights to operate street railway in said city.
STOCK & Bonds—
Miles. Date. Interest. Oulstaud'g
Maturity
Co in., $50,000 (par $50)
$50,000 f. p
Pref., 6%, $H)0,000
(?)
Bonds—Bonds
Interest.
Com.. $500,000 ($100).
Comm on, $800.00 •. $100
Pref
$500,000, $100, <
OWENSBORO, KY.
New mtge., $200,000, g.,
Date.
Stock & Bonds—
OTTUMWA, IOWA.
OTTUMWA RAILWAY & LIGHT CO. Trolley.
Organization—incorporated In Delaware in Dec., 1905, aft successor
to the Ottumwa Traction <fe Light Co
The latter’s franchises for street
railway, electric lighting and steam heating plants'were extended
by municipal election on July 8,1901, for a period of 25 years
STOCK & Bonds—
Date.
Interest. Outstanding. Maturity.
Com., $1.000,000 (*100;
$1,000,000
Pref., $500,000 ($100)
500.000
1st and ref. mtg, $1,500.- } 1906
660.« 00 Jan.1,1924
5 g J-J
000, gold ($1,000)... c* 5 Int. at Central Trust Co..Chicago, Trustee.
Ott.Tr.&Lt. 1 st tnort. $500,- / 1901 5 g. A-O
>40,000 Oct. 1, 1921
000 ($1,000) gold, s. f c* s Int. at U. S. Mort.&Tr. Co.. N. Y., Trust-**.
Bonds—OX the authorized issue of $1,500,000, $340,000 are reserved
to retire prior liens and $500,000 are reserved ror extensions and better¬
ments.
The new bonds are subject to call after Jan. 1, 1909, at 103
A sinking fund ot 1 p. c. per annum of bonds out com¬
and interest
mences July 1, 19«»9
The Ottumwa Traction or Light Co. bonds can
be called after Oct. 1,1911, at 105 and interest and each year thereafter
at ^ p. c. lens. Bonds numbered 1 to 20 may ne redeemed at 105 and
int. after Oct. 1, 1907.
V. 74, p. 95. Sinking f und on these bonds of
$5,000 bonds annually is operative from 1907 toL909 and $8,000
bonds annually from 1910 to 1920.
Proportionate sinking fund is
provided for the $160,000 reserved bonds as they are issued.
Ea ninqs- For year ending Feb. 28, 1906, gross, $177,025; net,
$72,930; interest. $43,000; surplus. $29,930.
Road—Operates ll1^ miles of trolley road in city of Ottumwa, Iowa.
Weight of rails, 60-lb. T- Standard gauge. Also does municipal, com¬
mercial and res ence electric-lighting (including 125 miles of pole
line,carrying 200 miles of wire); supplies electric power for stationary
motors, etc., and operates a system of steam heating, with 3*s miles
of
[Vol. lxxxiy,
,
of bonds.” $368,< 00 are reserved for extensions at $17,500 per
mile and 75 p 0. of coi«t. These bonds are sui ject to call at 110
Earnings. For calendar year 1905 gross, $195,212; net, $36,356.
Road—OperatHM 34 miles of track from Petaluma through Sebastapol to Santa Rosa Connects at Pe'aiuma with steamers for San
Franoiaoo.
standard guage. TO lb X rails.
Officers—Prest VVm. A <’attell; Vice-Prest, John A. McNear; Sec.
ami Treas
Thus. Archer; Mgr , E. E. Downs.
V. 78, p. 103; V. vO, p.
1913; V. 81, p 508, 614.
care
,
,
PHILADELPHIA, PA.
AMERICAN RAILWAYS COOrgan'Zation—The American Railways Co. was incorporated under
laws of New Jersey in 1900 as a consolidation of the former American
Railways Company and the United States Electric Ry. <fe Light Co.,
which latter had only $1,000 of outstanding stock.
Stock and coll,
cru-t bonds are listed on the Philadelphia Stock Exchange.
In Dec.,
1905, purchased a controlling interest in the Scranton Ry. Co., paying
par ($50) for both common and pref. stock. V. 81, p. 1847.
The pref.
stock of th« Scrauto'• Ry. was paid for iu the trust certificates gi ven
below (V. 81, i>. 1847), which were listed on the Phil. Stock Exchange
In June 1906.
V. 82. o 1375. Iu 1906 disposed of its holdings in
the stock of the Springtield Light «fe Power Co., but for legal reasons it
was Impossible to liquidate the
company. The stock was thereupon
reduced to 7 shares, and is all owned by the American Rys. Co.
STOCK & Bonds—
Date. Interest. Outstanding
Maturity.
Com.stk.($50),$25,000,000
Q-M
$s,051,300 Dec.l5/06,lhj%
Collat. Trust $2,500,000,)
1901 5 «. J-D 2.435,MX)
Dec. 1, 1911
g.conv.($500<fc$1.000c* < lnt.at Provident Life&Tr.Co., Pliila., Trus
Scranton Ry tr. cert.. $1,- > 1905 5 g. M S 1,495 000
Sep. 1, 1935
50o,000, g. ($1,000; reg. S Int. at New York Trust Co., N. Y., Trustee.
Notes
..$975,000 Deo. 15, 1906
....
Bonds—The collateral trust bonds of 1901 redeemable at 105 and ac
crued interest after Nov. 1,1904, and were convertible into stock at par
1153; V.
bonds
People’s
Joliet Elec¬
tric Ry. and $500,000 first mortgage 6s of the Springfield (O.) Ry. The
trust certificates of 1905 are secured by deposit of a like amount of
option of holder at any time before that date. See V. 73, p.
935. *64.500 were bo converted. The collateral for the
consist* of $1,050,000 stock (out of $1,100,000 issued) of the
By. of Dayton; $1,600,000 first consol. 5s of the Chicago A
at
74. p.
pref stock. They are redeemable alter March 1,1907,
int. V. 81, p. 1847.
CONTROL., eo—The following is a list of the securities owned by the
American Railways Co. June 30, 1906
Oioned by
Book
A R. Co.
Outstanding.
Yalne
(stock.... $1,500,ooo $1,500,000
$403,750
Altoona A Logan Valley.. ^ con8ols_ 3,10.l,000
500,000
398,500
Bridgeton Electric Co. stock
25,000
25,000
17,270
Bridgeton A Millville (N. J.) Traction
Scranton Ry.
at
1021a and aecrued
159,364
Chicago Union Traction Co., stock....
j Com * 250*000 | 75,000
Dellwood Park Co. stock
78,750
78,7 *»0
78,750
Du Page Construction Co., stock
25,000
25,000
25,000
Franklin Real Estate Co stock
10.000
10,000
10,000
People’s Ry. of Dayton, O., stock
1,100,000 1,100,000 1,334,228
$j Common
2.000,0
0 1,991,850
Scranton Rv
Ky. rn
Co
1,500,000
Prelerred
1,495,800 1,995,375
1,495,790
700
Springfield Light & Power Co., stock.
700
700
field O
500,000 994,400
500,000 500,000
Springfield.
O., Re
K>. Co
Co... 51stM.6s...
^ stook
1.000.000
39,959
200,000
Co., stock
*
(4)CHIAGO
aArftTitnn
200,000
..
$1,000,000 (entire issue) bonds of the Chicago A Desplaines Valley
Eleotrio Ry. are deposited under this mortgage as collateral security
Entire issue of the $2,000,000 gold 5s may be called after May 1,
1902, at 105 and interest. Road—Extends from Joliet to the Will County line, where It con¬
nects with the Chicago A Desplaines Valley Elect Ry. for Chioago.
Has 41 miles of track. Line between Joliet and Chicago was formally
opened Sept. 25,1901.
Officers—Pres., J. J. Sullivan; Vioe-Prest., H. J. Crowley; Secy, and
Treas., C. L. S. Tingley, Gen. Man., J.R. Blackhall. -V. 73, p. 183, 722.
(ft) PEOPLES RAILWAY (DAYTON).—A trolley road.
Acquired in 1899 by the American Railways Co.
Organization—Incorporated in Ohio June :8,1896. Comprises 31
miles of traok in Dayton, Ohio;
Co. owns entire capital stock.
stock ($2,300,000) and
Joliet Electric Railway,
and all the stock ($1,100,000) and all the bonds ($1,000,000) of the
Chicago & Desplaines Valley Eleotrio Railway.
TREASURER'S REPORT FOR 12 MONTHS ENDING JUNE 30
These figures cover a period prior to the acquisition of the Scranton
*
The Du Page Construction Co. owns all the
all the bonds ($1,600,000) of the Chicago &
Ry. Co.
1905
1906.
1904.
Surplus
1903.
$444,254 $443,196 $423,028
180.757 172,733 148,336
$345,229 $263.-97 $270,463 $274,692
251,385
234,742 234,180 223,775
$93,844
$28,755
$36,283
Bank, Springfield, O
track. Operates 62 cars.
OFFICERS—Pres., Oscar T. Martin; Vice-Pres.. H. J. Crowley; Secy,
and Treas.. C. L. S. Tingley; Genl. Mgr., John H Miller.—V. 69, p. 439.
$50,917
DIVIDENDS—First div. on Am. Rys. Co. stock 1 p. c Deo., 1900; andreg
Quarterly payments sinoe then, but rate increased to is p.c. Dec.,
1901, and then to 1** p. c. Deo., 1902, which-rate has been contin¬
ued up to and including Dec,, 19<»6.
Controlled Companies, of the American Rys Co. (including the
Scranton Ry. for tbe la-t six months only.) For year ending June 30,
1906, the companies controlled earned combined, gross. $2,099,816.
ROAD.—Total track or all properties, 303-76 miles Also owns 245
acres of land for parks in Altoona, Dayton, Springfield, Bridgeton and
ular
Interest at First Nat.
Road—Owns 30-3 miles of
(7) ALTOONA A LOGAN VALLEY ELECTRIC
500.00O. V.77,p 1745.
The American Rys. Co. owns
Stk
,
J. J. Sullivan; 1st
Tingley; Sec. and
Treas., Walter W. Perkins; Ass’t Seo., Treas. and Comptroller, Frank
J. Pryor Jr.: Counsel. Silas W. Pettit; Gen. Man., H. J. Crowley. Gen¬
eral offices, 904 to 913 Witherspoon Bldg., 1321 Walnut St., Philadel¬
TRACTION.—Trolley.
$200,000
500,000
Jan. I, 1930
($1,000 & $50<>) < Int. at Equitable Trust Co., Philadelphia,
(oannot be called)..*c. ( Trustee.
Bonds— For form of guaranty by American Railways Co. see V. 71, p.
491. The bonos were listed on thePhila. Stock Exchange in Feb., 1901
5 g. J-J
following are deposited as security under the mortgage:
1,000 shares of the stock of the Bridgeton Rapid Transit Co.
“
“
377
“
“
Bridgeton A Millville Turnpike Co.
“
“
“
Bridgeton A Deerfield Turnpike Co.
277
“
$250,000 (entire issue) 5 p. o. gold bonds of the Bridgeton Electric Oo
Road-Bridgeton to Millville, 11 miles; Bridgeton to Cedarville,
84 miles; Bridgeton, local, 5*4 miles; also an extension from Cedar¬
ville to Port Norris, 12
miles. Total. 37 miles.
The
OFFICERS—Pres., J. J. Sullivan; Vlce-Pres., H. J. Crowley;
Tingley; Gen. Mgr., B. F. Hires.—V. 72, p. 282.
Treas., C. L. 8.
Sec. and
(2) BRIDGETON ELECTRIC CO. Acquired in 1899 by Am. Rjb. Oo
Organization—Chartered in New Jersey Dec. 2. 1895. Supplies
light and power in Bridgeton, Cedarville, Newport, Fair ton, Dividing
Creek and Port Norris, N. J.
Stock, $25,000. Bonds $250,000
1st mort. 5 p. c. gold bonds $1,000 each, dated July 1, 1900, due July
1, 1930, interest J. A J. at office of the company; Real Estate Title
Ins. A Trust Co.. Phila., Trustee, all pledged with the trustee of the
mortgage of the Bridgeton A Millville Triction. This was done so as
to bring tlie two properties (which are practically oue) under the one
mortgage.
(3) CHICAGO & DESPLAINES VALLEY ELECTRIC RE¬
ORGANIZATION—Incorporated in 1901 as a consolidation of the Chi
cago A Desplaines Valley Elec. Ry. and the Desplaines Valley Elec. Ry
Date. Interest. Outstanding.
Maturity
Stocks & Bonds—
Stock, $1,100,000
$1,100,000
1st mortgage, $1,000,000 (
5 M-N
1,000.000 May 1, ’31
1901
c* (Int. at Ill. Tr. A Sav. Bk., Chio., Trustee.
($1,000) gold
Bonds—The full issue of the new 1st mtge. bonds lias been deposited
as collateral security under the bonds of the Chicago A Joliet Elec. Ry
Ilie Du Page Construction Co. owns the entire capital stook, of which
$1,000,000 is pledged under the mortgage of tbe Chicago A Joliet
Electric Ry., and also owns the entire $1,000,000 bonds, the whole
amount being pledged.
Road—Extend* from the Will County line, where it joins the Chicago
A Joliet Electric Ry., to the city line of Chicago on Archer Avc.
Total
41 miles.
Branch from Summit to Lyons. The through route Chicago
to Joliet was opened Sept. 25, 1901.
Officers—Pres., J. J. Sullivan; Vice-Pres.. H. J. Crowley; Seo. and
Treas., C. L. S. Tingley; Gen. Man., J. R. Blackhall.—V. 73, p. 183.
& JOLIET ELECTRIC RY—Trolley.
Organization—Incorporated as a consolidation of the Chicago A
Joliet RapidTran. Co., the Joliet St. Ry. and the Joliet RR. Is operated
by power purchased from the Economy Light A Power Co. of Chicago
V. 73, p. 844. The Du Page Construction Co. owns the entire out
standing $1,600,000bonds and the entire $2,300,000 capita) stook, and
that company's entire stock is owned in turn by the Amerioan Rys. Co
In Nov., 19o5. the Amer. Rys. purchased 63 acres of land near Joliet,
converted into a park. This park is owned by the Dell
ail of whose stock is owned by the Amer Rys. Co.
STOCK & Bonds—
Date. Interest. Oulstand'a. Maturity.
Stock, $2,300,000 ($100)
Chic. A Joliet Elect. Ry. { 1901 5g. M-N 1,600,000 May 1. 1931
which
was
wood Park Co
g.,
,
$2,000,000($1.000)..c*
$2,300,006
\ Int. at Ill. Tr A Sav. Bk., Chic,, Trustee
Joliet RR., general M., gold, t 1898 5 g. M-N 400,000 Apr.30,1918
$400,006 ($1,000 each)... > Portland (Maine) Trust Co., trustee.
Bonds— Of the new $2,000,000 mtge, $400,000 are reserved to retire
underlying liens. $2,200,000 of the outstanding capital stock of the
Chicago A Joliet Elec. Ry., $1,000,000 of the $1,100,000 stock and
$1,500,000
Aug. 15,1933
Rys?Co.c&r S
Outsta'g.
Int* at Equitable Trust Co., Phila., trustee.
are reserved for
end. by Am. Rys. Oo.
No sinking fund and not subject to call.
Dividends—In 1896 paid 21* p. c.; in 1896-97, 2^ p. c.; in 1897-98,
1898-99, 1899-00, none: in 1900-01, 6h> p o ; in 1901-02, 10 p. c.; in
1902-03, 10 p. o.; in 1903 4, 5* p. c.; 1904-5, 5*7 p. c.
Earnings-For year ending June 30, 1905. grosH, $414,974; net,
$242,822; fixed charges. $156,225; dividends, $86,550; surplus, $47.
Latest EamninqS—For 6 months ending De«v 31, 1905, gross,
$254,484; net, $l.->5.476; interest, $70,230; surplus, $85,246
Road—Operates 46 miles of track, connecting Altoona, Bellwood,
Hollidaysburg and Tyrone. An extension from Hollldayaburg to
Frai kstown is proposed. Gauge, 5 ft., 3 in. Operates 92 oars.
OFFICERS—President, J. J. Sullivan; Vice-President, H J. Crowley;
Secretary and Treasurer, O L. S. Tingley; Gen’l Mgr.. 8. h. Cramer.—
V. 79, p. 680; V 80, p. 649, 710, 2456, 2619; V. 82, p. 333, 391, 803.
(8) SCRANTON RAILWAY—A trolley road.
Organization—On Jan. 1,1897, assumed all the assets and liabili¬
ties of the Scranton Traction Co., etc., V. 63, p. 1064; V. 64, p. 85.
The company owns all the stock of the Carbondale Ry., the Pittston
A Scranton St. Ry. and the Lackawanna Valley Traction Co. and praotioally all of the stock of the Soranton A Pittston Traction and the
entire stock of the Scranton A Carbondale Traction and the Ridge
Turnpike Co.; also $25,000 of the $100,000 stook of the Scranton
Dunmore A Moosic Lake RR Co., the entire issue of the new Carbondale Ry- mortgage ($300,000). $112,500 of the $115,000 bonds of the
Lackawanna Valley Traction Co. and $60,000 of the $355,500 bonds
Bonds—Of the new $4,000,000 mortgage $900,000
extensions. These bonds are guar., p. A i., by
Organization—Chartered in New Jersey as successor May 3, 1897,
to the South Jersey Traction Co., sold in foreclosure.
Company owns
two toll roads besides the trolley road.
Franchise perpetual.
STOCK & Bonds Date. Interest. Outstanding.
Maturity
$500,000. gold, ( 1900
Yal. El.Ry.
< 1903 4^g.F-Ai6 3,100.000
Interest.
$1,500,000. $50
by Am.
phia.—V. 83, p. * 86, I 4o9.
1st M.,
guar.
entire stock Altoona A Logan
Last Div., etc.
In 1904-5,5*7%
Date.
Stock & Bonds—
OFFICERS of American Railways Co.: President,
Vice-Pres., W. F. Harrity; 2d Vice President, C. L. 8.
Stock, $200,000 ($50)
RY.-Trolley.
Organization—Incorporated in Pennsylvania Aug. 5, 1903. Owns
the entire $65,000 stock of the Lakemont Park Co ; also $5,000
Logan Valley Land Co. stook; also $39,000 of the $40,000 stock of the
Home Elect Light & Steam Htg. Co. of Tyrone, and leases that company
for 98 years from .»uly 1,1903; $35,000 of this stock is deposited as
addPional security for the consol, mtge. In Aug., 1903, absorbed by
consolidation the City Passenger Ry. and the Tyrone Eleotrio Ry. (pre¬
viously owned), and Increased its capital stock from $500,000 to $1,-
Joliet.
(1) BRIDGETON A MrLLVILLE
Maturity.
Date. Interest. Outstanding.
STOCK & Bonds—
Rys.
$1,100,000
Oct. 1, 1925
Bank A Trust Co.,
1st mort.,“People’s Ry.,” ) 1897
5g J-J
200,000 Jan. 1,1927
$200,000 ($500), g., red. > Int. at Union Savings Bank A Trust Co.,
Cincinnati, Trustee
after Jan. 1. ’02, at 110. >
Officers—Pres., John A. McMahon, Dayton; Vice-Pres., H. J. Crow¬
ley, Phil,: Secy, and Treas., C. L. 8. Tingley. Phil.; Asst. Secy., Eugene
Wuichet, Dayton; Gen. Man., Geo. C. Towle.—V. 69, p. 744.
(6) SPRINGFIELD (OHIO) RAILWAY.—Trolley.
Organization.—Incorporated in Ohio Oct. 20, 1892; 9,944 shares
of the capital stock has been acquired by the American Rail¬
ways Company, whioh also owns the entire issue of 1st mtge. bonds.
STOCK & Bonds—
Date. Interest. Outstanding. Maturity
Stock (par $100)
$1,000,000
1st mort., $500,000, gold..
1893
6 J-J
500 000 Jan. 1,1933
Gross income, all sources. ...$486,711
Tot. deductions from income 141,482
Net income
operates 111 oars. The Amerioan
Stock. $1,100,000, $100
1st mort., “White Line,”) 1895 5g A-O
300,000
$300,000, g. ($500), red. >Int. at Union Savings
Oot. 1, 190u, at $110.... )
Cincinnati, Trustee.
...
Dividends (6%)
77
STREET RAILWAYS
Feb., 1907.]
of the Scranton A
Pittston Tr«otion Co.
Far. Date. Interest. Out stand'a.
Maturity.
$2,000,000
$50
Pref., 5 p. c. oum., $ All but $4,200 of the pref. stock has been retired
$1,500,000 ($50) ) by the issue of trust certificates. See statement
of Amerioan Railways Co above.
STOCK & Bonds—
Com., ($4,500,000)..
rVr.an
boo! ^’000 1892 6 gM_N- 1’0?0’°i)0 .Nov. 1,1932
$1,000
Interest x at Amer. Rys. Co., Philadelphia
gofd,no option.o-,
100,000
May 1, 1920
Scran.PaB.Ry.lstM.1,000 1890 6 M-N
200,000
May, 1909
Scranton Sub. 1st > 500<feo 1890 6g.M-N
N. Y Trustee.
M., g.,gu.,p.«fel.o* ) Fanners’ L. A T. Co.,
200,000
Aug. 1, 1918
Peop’sSt.Ry. 1stM.g.1,000 1888 6g. F-A
100,000
Deo. 1,1921
Do
gen. M.f gold
1891 6g. J-D
Nov. 1,1932
900,000
Soranton Ry. M., $2,500,-) 1897 5g. J-J
000, gold ($1,000)
c* ) New York Trust Co., N Y. City, trustee
Scranton
Ry. gold col.) 1900 5g. J-J
500,000
Nov. 1,1932
trust $500,000 ($1,000, > Prov. Life A Trust Co., Phila., trustee.
$500) o*
) Int. (x) at office in Scranton, or ag’ey. Phila.
x Free of United 8tates and Pennsylvania State taxes.
Bonds- Of the $2,500,000 Soranton Ry. mortgage 5s of 1897, $1,600,000 are reserved to retire prior bonds at maturity. The collateral trust
bonds can be called at any time at 105 and interest on 30 days’
notice; furthermore the right is reserved to call in and exchange the
bonds at any time before maturity for bonds bearing the same rate of
Interest “which may be issued by a consolidated street railway com¬
M
,
.
pany
controlling by consolidation or
lease the street railway lines
represented by the securities pledged.” The securities pledged con¬
sist of all the stock ($450,0» 0) and the entire issue ($300,000) of the
Carbondale Railway Co. mortgage of 1900; also $498,700 out of the
$500,04 O Btock of the 8cranton A Carbondale Traction Co.; $943,775
out of the $976,125 stock of the Scranton A Pitt*ton Traction Co.;
likewise $60,000 out of the $355,500 bonds of the latter.
ROAD—Owns and operates all the street roads in and around city of
Soranton, having an aggregate mileage as follows:
3*94
Owned—
Miles. Lackawanna Val. Trac
16 06
Scranton Railway
41-67 Carbondale Railway
Leased Miles. Pittston A Scranton St. Ry. 2*22
12-51
Scranton A Pittston
Total system
81-55
Scranton A Carbondale
4 94
REPORT—Now included In report
of American Railways Co.
OFFICERS—President, J. J. Sullivan; Vice-President, Henry J. Crow
ley; Sec. and Treas.,C. L. S. Tingley.—V. 78, p. 49, 989; V. 81, p. 1850.
(a) CARBONDALE RAILWAY—A trolley road.
This is the old
Carbondale Traction Co., which was
sold at fore-
\s
STREET RAILWAYS
closure in 1900
The Scranton Railway Co. owns all the stock of the
Carbondale Railway, also the $300,000 5 p. c. gold bonds, due June
1,1926. Road is leased to Scranton Railway.
STOCK (Sc Bonds—
Dale. Interest. Out stand' g. Maturity.
Stock autli., $450,000) ($50)
$450,000
1st M., Carbondale Traction ) 1892 6gJ-J
150,000 July 1,1922
Co., c* <fe r ($150,000), gold > Interest at Central Trust Co., New
($500
$1.000)
)
York, Trustee.
Carbondale R’way, 1st mort-i 1900 5g.J-D
300,000 June 1,1926
gage, $300,000, gold, regis->Int. at Amer. Rys. Co.. Philadelphia.
tered
)Geo. L. Estabrook, Phila., Trustee.
Ronds—First mortgage of Carbondale Traction, due
sinking fund of $2,500
not
ha called. The
new
1922, has
Road.—Owns about 25 miles of standard-gauge track between Tren¬
Brunswick, over private right of-way.—V. 78, p. 230; V
79, p. 2087; V. > 0. p. 164.
(3) CAMDEN & TRENTON RAILWAY.-Trolley.
Organization.—Incorporated in New Jersey
About two thirds of the stock is owned
,
a
Simpson, Carbondale, Mayfield, Jermyu, Archbahl to Peckville, where
it connects with Scranton lines.—V. 6U, p. 1061; V. 70, p. 75.
Trenton Terminal RR.
STOCK db Bonds—
Stock, lull paid ,$10)
road.
$1,000
g.,)
1893
5
6 g. J
-
$750,000 lor purchase of other railroads and new property.
Road—Owns road extending from Scranton to Archbald, Pa., abom
5 miles; connects with Carbondale Railway to Carbondale.
A PITTSTON TRACTION.—A trolley road.
Organization—Chartered Sept. 8, 1893, and b ased for 50 years to
Scranton Railway Co., which owns nearly all the sto k and $60 000 of
the bonds
This company owns the entire stock of the Lackawanna
St. Ry. Co., the Pittston Jenkins
Avoca St. Ry., the Pittston Sub.
Pass. Ry. and the stark Land Co.
STOCK & Bonds— Mites. Date. Interest. Outstand'g
Maturity.
Stock (par $100)
$9 "6,125
Mort. $525,000, g., (
1893 6g. A-O
15
*355,500 Oct. 1, 192?
$1,000 <fe $500 c* < Interest (x) at Union Trust (Trustee), Phila. Nos
gu. by Scran. Tr. {
1 to 400 $1,000 each and Nos. 401 to 650 $:.00.
x Both
principal and Interest are payable free from all United State*
and State of Pennsylvania taxes.
Of the bonds out* andlng $295,500 are guar, by the Scranton
Ry ;
the remaining $60,000 are owned by the Scranton
Ry.
miles of track, unitimr Scramon with
Road-Owns
Greenwood,
Oper¬
..
FAIR MOUNT
PARK
TRANSPORTATION
OrganiZa riON—A New Jersey corporation formed in 1894. Chartei
perpetual; license from Park Commission runs until July 24, 1939.
Owns an electric railway in Fairtnount Park.
From Nov. 30 to May 1
operation is optional. Owus Woodside Park. Road opened Nov., 1896
STOCK & Bonds—
Date. Interest. Outstand'g.
Maturity.
Stock, $2,000,000 ($50)
$1,847,404
See text
1st M., gold^ $500,000, call
) 1897 5g. M-S
500,000
Sept. 1, ’12
105 after Sept. 1, 1902, > Girard Trust Co.,
Phila., Trustee.
($1,000)
e* S As to bonds of 1897 see V. 65, 620.
2nd mort. $250,000, gold, /
1900 5g. M-S
188,000
Sept. 1,’12
($1,< 00)
c's lut at Girard Trust Co.. Phila., Trustee
Bills payable, Nov. 1, 1906
20,000
B ants
New 2d mtge. can be called on and after
Sept. 1, 1902, at
105 and accrued Interest on 30 days notice.
Dividends—First dividend paid Dec. 1. 1897, 2 per cent. None slnoe
Road—8‘47 miles of track In West Park and E. Park, crosses Sehuyl
kill River on a steel bridge.
Rails are 90 lbs
20 closed, 50 open cars
Earnings—Year ending Oct. 31, 1906, gross, $134,501; net, $70,037.
charges, $51,302; surplu-. $18,645.
Officfrs—Prest.. Charles A. Porter; Vice-Prest.,C. E. Platt; Seo. and
Treas W. >1 Mai tin; Ridge Ave Bank
Building, Philadelphia. —V. 65,
P* 620; V. 70, p. 686: V. 71, p.863.
,
NEW YORK-PHILADELPHIA COOruaniZATIQn—Incorporated In Ne-v Jn-sey, and owns the entire
capital stm k of the Trenton «fc New Brunswick RR. and the N f. Short
Line RR. and a majority (about two
thirds) of the stock of the Camden
<fc Trenton Rv.
By this ownership and a perpetual tratlic contract
with the Public Service Corporation tor terminals in
Jersey City,oper
ates electric cars between Ne* York and
Philadelphia
STOCK & Bonos.—
Date.
InUr^sl.
Outstand'g.
Maturity.
Stock, $4,U()0,O< 0
$4, 00.009
1st trust mtge., $4.000,000,) 1905
5g. M-S
600,000
1935
gold ($500 At $1,100)
Guaranty Trust Co., N. Y., Trustee.
Hoads
Are redeemable at am time at 105 and interest.
They are
secured bv deposit of a majority of tlie stock of the Camden At Treuton
Ry. and the entire stock of the Trenton Afc New Brunswick HR. and
the New Jersey Short Line RR
Interest payab.e in New York and
—
Philadelphia
V FO. p. 1235.
OfficEhs— President, W. a. Stern; Secretary. J Dixon Andrews;
Treasurer, I. Ji. -ilvertuan. Otlice, Lard Title Building, Philadelphia.
V. 80, p 712. 1175,1235; V 8i.p. 1101.
—
Organization.—Stock all owned by the New York-Phlladelphta Co.
STOCK <Sc Bonds.—
t ate.
Interest.
Outstanding.’ Maturity.
Stock, *3,00 ,OOO ($100)
$2.loo,000
1st mort., $2. 00,000 g. ; 1901
5 g A-O
1.750,000
Apr. 1,’34
.
i$ )00and $l,0oo)
s Finance Co. of Penn.. Phila., Trustee.
Bonds —No sinking fund ami are not subject to call.
$7oo,000 are
reserved for the acquisition of additional properties.
cons'ructing
a
Road. —Is
double track road 20 miles in length (40
miles of track) on private right of way, from New Brunswick, where
connection is made with the Trenton <fe New Brunswick RR.. to
Elizabeth, where It connects with the Public Service Corporation and
will form part of a through line from New York to f
hiladelphia
operating between New Brunswick and
Elizabeth by w*y of hound Brook.
(2) TRENION
<fc NEW BRUNSWICK RR.-Trolley.
Organization—Incorporated In New Jersey on Dec. 10. 1901, under
the General Railroad Law.
s;utire capital stock is owned by the New
York Phila lelphia »"o., and road forms part of the
through line from
New York to Philadelphia.
STOCK & Bonds—
Date.
Stock, $1,000,000 ($100)
1st mort., $l.« 00,000, gold > 1901
($500 & $1,' 00).
Bonds.—No
...
e* S
Interest.
Outstand'g.
5g. J^T
$1.( 00,000
1,000,(00
Maturity.
Jan. 1, 1932
Finance Co. of Penn., Phila., Trustee.
sinking fund and
cannot be called.
622,500
July 1. 1931
($300,000 authorized; $280,400 outstanding) and payniom
(e)
cars are
5 g. J-J
«n
taxes
and organization expenses.
L-hshh the Phiiad-iphia As Garrettford
St. Ry (which it al-*o controls) ar 5% *»u st » nt and lut-rest •» i bonds.
STOCK do Bonds Date.
Interest.
(>utsux"‘i o
Maturity.
stock, par $50 ($1,000,000)..
$740 <><)o
1st M., $400,000, gold, sub j. > 1898
5 g. J-J
400.UOO Oct 1.1918
tocailat 105aft.Oct. 1,1899 s hit. at Girard Trust Co., Plnla Trustee.
Mtg b mds, $1,000,000, gold / 1904
4 g. .1
I
5 >4.0' O Jan
1954
($1,000)
e* ) Int. at Wect Hud Tr. Co.. Phila., trustee.
Phila. & Gar. 1stM.,$3,00o < 1905 h' F-A
19 »5
43*.ooo
000, gold ($1.OOO*
os Int at'Vest End 1 r ( o
• boa
I rus ee
Bonds— $4(je,OuO of the new 4s are reserved to retire $4oo,00o ls|
mortgage bonds.
Bonds of either issue can be called at ».uy time at
105 and Interest; no sinking fund.
LACKAWANNA VALLEY TRACTION CO.-A trolley road. Oper¬
ated by Scranton Ky.. and earnings induced in report of that
company.
Owns the entire stock of the Olyphant
Winton Traction St. Ry,tlie
Mt. Vernon Elec. St. Ky. and the Oiyphant Sub. TraoUon Co.
Pending completion
1901
ware County Passenger
RR.
Also oobtiols the Phila. Castle Rock Ac
West Chester Pas-.eii-'er Ry. Co.
In Jan. 1902, leased ihe Atomore
A? Llanerch St. Rv., a line between the points
named, 3^ •> lie*; it has
no
bonds or other dent
Rental 1> 5 p. c on the outstanding stock
ated by the Scranton Ry., and earnings included in report of that co.
SHORT LINE RR
Maturity.
PHILADELPHIA
&
WEST
CHESTER
TRACTION -A trolley road.
he Eastern Securities Co. has acquired control.
Organ.zation — Chartered in Pennsylvania on April 24. isos Muni¬
cipal trauc'dses all perpetual, in 1*08 acquired control of tb* Phila.
Ai West Ci-et-ter Turnpike Road Co. which in turn eoiurolle i the Dela¬
*
(I ) NEW JERSEY
Outstanding.
$500 * $1,000 g ..o* s Provident Life&Trust Co.,Phila.,trustee.
Bonds—Of the $750,000 bonds. $40,000 are reserved (uncertified)
to retire like amount of bonds of the Cinnaminson Elec. Light
*
Power Co. due April 1, 1914.
V. 70, p. 279.
Of the $1,750,000 issue, $7 50.0'iO are reserved to retire above out¬
standing prior liens and the remaining $377,500 is held for exten¬
sions at not exeeedmg $40,000 per mile in Trem on and Cauideu and
not exceeding $20 OOO per mile outside those cities.
E^o,n.|nFor eal. \earl05, gross, $131,308; expenditures for
operation**, • upe« intendeuee ami management during year. $105,519
KoaD: Comprises the - lectric-light plants and 38 nnlen of road
between Trenton and Riverton (w here connection is made with Cam¬
den A suburban Ry tracks).
By a contract between this company and
the Camden A: Miburban. the Camden <te Tren. Ry. cars run direct »othe
Philadelphia Ferry at Market and Federal sts., Camden. (V. 79, p.
2084; V. 80. p. Ito2.)
$500,000
J
150,000 Jan. 1, 1923
Rys. Co., Philadelphia
Moosic,Taylorville, Avoca. Pittston and Keadham
Earnings—Earnings are now included in Scranton Ry.
(tl | PITTSTON <fc SCRANTON STREET RY.—A trolley road.
Interest.
$1,750,000
Istg’n’lM.,$1,750,000;
Interest at Amer.
c’>
Free of State tax.
) Lackawanna T. & S. I). Co.. Scranton. Trustee
Bonds lor $100,000 an* reserved for power plant, If
required, ami
(C) SCRANTON
Date.
-
1st M. g., $750,000
>
1899
5 g M N
710,000
N0v 1,1929
($500 and $l,000)c* \ Provident Life & Trust Co.,Phila.,trustee.
ORGANIZATION—Chartered Feb. 23, 1993. Leased to and operated
by the Scranton Railway Co., which owns all the stock. Owns the en¬
tire capital stock of the hlakely & Dickson Trao St. Iiy.
STOCK <Sc Bonds—
Miles. Date. Interest. Outstand'g.
Maturity
Stock
1st M., $1,000,000,
on Dec. 15, 1897.
by the New York-Pbiladelphia
Co., and road forms part of the New York Philadelphia through line.
Owns 395 out of 400 shares (par $50) of the capital stock of the Omnaminson Electric Light, Power & Heating Co. of Riverton. N. J
which supplies the towns of Beverly, Delanco, Riverside.
Riverton
and Palmyra with light. Also owns 1.362 shares
(par $10) out of
1,6C0 shares of the capital stock of the Bordentown Electric Light *
Motor Co., which supplies light to Bordentown and
vicinity. The
bonds below, besides being secured by mortgage on the road between
Camden and Trenton, are further secured by a deposit of the
holdings
of the stock of these two companies.
Stock and the first mortgage
bonds are listed on the Philadelphia Stock Exchange. Leases the
per annum after July 1, 1895, but bonds can¬
bonds due 1926 have no sinking fund, but canbe
SCRANTON & CARBONDALE TRACTIOV—A trolley
LXXXTV.
ton and New
called at any time at 105 and accrued interest upon 10 days’ notice.
Road—System includes 16 06 miles of road,beginning at Forest City,
Pa., and running through Vaudliug, Rlchmondale, WilBon Creek
b)
[VOL.
..
..
.
.
EARNINGS. - For fiscal year ending Vov. 30. 1906, gross $‘241,345;
$98,364; fixed charges, $77,298; surplus, $;l,0t>6
Road—Operates 30 44 tulles rrom 63<1 ami Market sts., Philadelphia,
net,
to West Chester, of which 7 07 mi.es is leased
Uaug-% 5 rt. 2^ in;
58. 60 and 70 lb. T rail. 32 cars
Leases Ph i. A West Chester rurn-
§ike
Roadand
Co.Phila.
for 999
years from 3*1
1895.
Also Ardmore Ac Llanerch,
& Garrettford.
4 miles,
G miles.
OFFICERS—Pres., A Merritt Taylor, 610 Arcade Building. Phil.; VicePres., W. S. Taylor; Sec., H. H. Alkens; Treas.; C. L. Rlltl: Auditor, II.
Sieber. Office, 610 Arcade Building, Phil.-V. 78, p 22
3 44; V. 81,
p. 727, 1551.
A
,
RAILWAYS
*
COMPANY
GENERAL-
Oruanization.— Incorporated at Trenton. N. J.,Aug 25,1899. Is
empowered to build, lease, sell, purchase ana operate street railways,
electric light, gas, illuminating plants and water works, and also to ac¬
quire or dispose of the securities of the same. Stock authorized,
$700,000, shares $10; all Issued. Is listed on.the Philadelphia Stock
Exchange. Stock was originally $10,000,000 (par $5) authorized and
$1,500,000 outstanding, but was reduced in Oct., 1901 to $1,200,000
(par $10) by vote of the stockholders.
V. 73, p. 338. In Sept, 1905,
amount wa« again >educed, this time to $900,0- 0
(V 81. p 841 ),
and in Si pt., 19oC, was further reduced to $700,000
V 83, p.752.
Control passed in Nov.. 1902, to parties represented by President Dick.
In !>ec
1905, Bold its holdings in the stock of the Michigan Traction
Co. and the -took and bonds of the Elmira & Seneoa Lane Ry.
The following shows the securities held Feb., 1907:
,
Total Issue.
Lewisburg Milton & Wafsontown Pass, (stock)
LewistmrgM.
Watsontown Pass. 5s
Milton Electric Lt. & Power (stock)..
Montoursvile Eiectrio ut. (stock)
Montoursville Pass Ry. Co. 5s
Montoursville Pass. Ry. (stock)
•Newtown Electric 8t. Ry (stock)
•Newtown Electric St. Ry. 5s
$150 000
150.00 >
150.000
27,750
10,o< 0
75.000
75.0( 0
300.000
30'* OOO
f oo.ooo
Michigan Traction Extension Co. 58
Owned.
$150 000
,
27,750
10 000
75
•
00
75.0<'0
40 000
2< o.oOO
5c0.0u0
In Jan., 1907. t liis company was sold under forecl sure
Earnings—Dross of the ratlwavs controlled for the yeni ending Deo.
31, 190 >, were $43,283; of the electric light companies, $26,338.
Railway figures cover only 14.78 miles in 1906.
Report—For years ending June 30: Income from dividends on stocks
and interest on bonds of "subsidiary companies in 1 06,
$135,512;
19o5, $38,214; salaries, rents, taxes, etc., in t906. -*15 916: iu
1905, $14,472; balance, surplus, In 1906. $119,596; in 1 05. $23,742.
OFFICERS—Pres., Evans R. Dick, New York; Vice-Pres.-. F J. Lisinac;
8eo. and Treas., H. C. Winchester; Asst. Treas
c I)
Maitbie.—V. 79,
p. 1267; V. 81. p 841, 1044, 1793; V 83, p. 4 33,689, 7-V2.
in
,
(1) LEWI8BURG
MILTON & WATSONTOWN PA*S RV.-Trolley.
Organization*—Chartered Sept 3, 1897. Commenced operations
Feb., 1898. Railways Company General owns all -book and bonds
Stock and Bonds—
Date.
Interest.
Out*t >„<rg.
Maturity.
Stock, $150,000 ($50)
$150,000
1st mortgage,
150,000 Julv 1. 1928
$L60,000$ 1898
5 g. J-J
($1,0001, gold
c* l
Int. at Union Trust u<».. Philadelphia.
Earnings. -For fiscal year ending Juue 30, 19o ;. were: Gross,$24,947; net, $7,M6; interest and taxes, $7,500; surplus. $IG
Road*—10 miles of track between points named m title
OFFICERS-President, Evans R Dick, New Yor k; Viee-Pres., L. D.
Maitbie; Secretary and Treasurer, H. C. Winchester; Supt.. L. H.
Mountney.
'n
(2) MONTOURSVILLE
PASSENGER RAILWAY-A trolley road.
Organization.—Chartered in Pennsylvania June 28. 1897. Com¬
menced operations Dec. 16, 1897. The entire stock and bonds are
owned by the Railways Company General.
8tock authorized and
ssued, $75,000.
Funded debt authorized and is ued, $7o,000, 5 per
bonds dated Aug. 1, 1898, Interest JAJ. Operates
from Williamsport to Mon tours ville, Pa.
EARNINGS—For fiscal year ending June 30, 1906, were: Gross, $19,*
852: net, $6,032; fixed charges, $3,750; surplus, $2,282.
Officers—Prest., Evans R. Dick; Vice-Pres., *j. D. Maltbie; Sec’y
andTreas., H. O. Winchester. 30 Broad St., N. Y.; Supt., Richard Barrett
•cent 30-year gold
51* miles of track
(3) MILTON ELECTRIC LIGHT A POWER CO.
Organization—Chartered under the laws of the wtate of Pennsyl¬
vania Feb. 8,1892. Purchased the plant and franchise of the ThoraeonHouston Electric Light Co. Authorized capital, $40,000, which was
reduced to $27,750 Deo. 15,1896, all of which is owned by the Rys.Co.
General.
EARNINQS-Gross earnings year ending June 30, 1906, $18,324;
net,
$1,860; charges, nil.; surp.. $1,860.
(4) MONTOURS VILLE ELECTRIC LIGHT CO.
OrGanizat ON—Chartered under the laws of the State of Pennsyl¬
vania Sept. 3, 1897. Capital clock, $10,00J, all owned by ihe Rys. Co.
General.
Earn'nGS—Earnings v#>ar ending June 30, 1906, $7,038; operating
exp., $ ,0<>8; deficit, $570.
PHILADELPHIA RAPID TRANSIT.—Controlled,
by the Wideuer-Elkins syndicate. In Sept, ln04. the -took formerly
held by the late William L. Elkins was sold to a sydicate.
See V 79.
p 1024. \n Sent.. lv»66. the stock held by John M. Mack wrs disposed
of to a syndicate of Philadelphia and New i ork bankers
See V. 83,
p. 688.
Incorporated in Pennsylvania on May 1, 1902, to take over under
lease the IJuion Traction Company f r 999 years from »uly 1, 190>,
and to acquire and hold shares of other corporations.
(For terms of
lease see Union Traction beiow.) The Rapid Transit Co. acquired num¬
roads obtained by the Maok-Foerderer syndi¬
Market St. Elev Pass. Ky., with
$5,600,000 authorized capital stock, was formed to absorb a number
of these franchises.
V. 76, p. 1301. In June, 1903. the Rapid Transit
Co. obtaine i from the Plnia felphia Dty Councils other valuable fran¬
chises for new lines.
In April. 1906, however, an agreement was en
tered into with the city relinquishing nearly all the rlgh's to the fran¬
chises of 190i and 1903, and tile whole in liter of the company's fran¬
chise rights was readjusted on a ne v basis
See V. 82, p. 693. 870.
Construction has begun on elevated structure upon Market 8t. from
23d St. to Delaware Ave., on Market street west, of the Schuylkill
River, and on Delaware Ave. from Market St. to South st.
V. 74. p.
528.989; V. 76, o 1301; V 81, p. 265.
t he portion of the subway
from theS huvlkill River to lHh St was opened l)-io
15, 190S. Re¬
maining portion from 15tli St. to Front Sr. is uuder construction,
and is expected to be completed in 19 9.
In July, 1902. acquired all the stock of the Doylestown A Willow
Grove Ky. Co
Also owns entire stock of the Phila. & Wil. Drove Tr-ic.
Co. aud entire stock ($10,000) of the Real Estate Holding Co
whion
owns pro ci ty of an assessed value of $4*>3,850
erous
franchises for
cate in 1901.
new
Jn June, 1903, the
,
July 1. 190", the f'liila. Morton A Swaihmore Ry and the Media
Ky were consolidated, forming the
Daroy Media A bester Ry. The new c mpauy was thereupon leased
to the Pliila. Rapid Tran. C-> for 999 years, >ental heiug $3.75 > f<>r
first year. $17 000 for second and third years,$25,500 for fourth year,
$34,000 for fifth year and $42,500 6-r sixth ,\ear au<t thereafter.
*Wi h Aug. 1. 19 6 the company began to sell passeugers six tickets
for 25 cents
V. 82, p. 1439.
Stock db Bonds
Date.
Interest
Out si <nd'g.
Maturity.
Stock, $30,000,000 ($50)
$30
On
Middletown Aston A »'heater Elec
Market St
1st
El. mtge.,) 1905
f$?000)°00,
listed
Stuck
4 g. M-N
j
Int at Land Title * Trust Co., 1 hila., Tr.
S
on
20,1904, and a fourth lor $5 payable Jan. 20, 1905; a fifth of $5. pay¬
able July 10, 1906. and a sixth of $5, payable Deo. 10, 1906, making
$30 per share paid in
Bonds-The Market St. Elev. Ry. bonds cover the subway and the
proposed elevated road on Market Street. See V. 80, p. 652. They are
guar., p. and i. by endorsement by the Phila Rap. Tran. Co.
Are sub¬
ject to call on any int. date at 102*2 and int. The syndicate purchasing
the bonds was in Oct., 1906, called upon to pay a further30* on their
V. 83, p. 818
subsciiption
Road-Total trackage, including all lines leased and operated, is
563 miles.
Operates 3,554 cars.
Annual Re port—Fiscal year ends J une 30. Annual report for 1905*
1906 was given In V. 83, p. 750.
1905-06
1904-05
1903-04.
No. passengers carried... 448,57«,785
40 2,893,245
390,532,689
Gross earnings
$17,483,144
$16,188,645
$15,923,508
Operating expenses
9,lr 3,603
8,183,437
7,993,315
Net earnings
Other income, interest, etc.
Total net income
Taxes and licenses.
Union Traction dividend..
Fixed oliarges
—
..
$8,379,541
$8,005,203
193,101
185,9*0
$8,522,644
$1,07“',216
$3,191,lft8
$966,535
1,200,000
1.20‘.000
5,943,432
5,916.443
$7,930,193
172,855
$8,103,048
$1,060,897
90<>,000
5,921,302
8urplus
$303,996
$220,849
$108,210
OFFICERS-Pres., .John B. Parsons; Vice-Pres., George D. Widener;
2d Vice-Pres, f’harles O. Kruger; 3d V.-Pres., Alex Renniok: Sec. v
Treas.. R. B. Sell ridge; Asst. eeo. A Asst. Treas., John B. Peddle.-V.
83, p.38,324, 563, 688, 75*', 8L9, 1171,1229, 1291, 1412,147L.
(1) DOYLESTOWN A WILLOW GROVE RY CO
-A trolley road.
In July, 1902. was acquired by the Philadelphia Rapid Trausit
through purchase of the entire capital stock ($500,00() for $20,0o0.
The Rapid Transit' ©.guarantees int. on the bonds. See V. 79, p. 1331.
Interest.
STOCK and Bonds—
Date.
Ontstand'g. Maturity
stock. $500,000 ($50)
$500000
1st mortg., $500,000,)
1900
4 g. J-D
500,OoO June 1,1930
$1,000, gold, «uar.c* \
Land Title & Tru 4 Co., Phila., Trusteee.
ROAD-Owns and operates 13 miles of road from Doylestown to Wil¬
low Grove, running over the old turnpike between those places, which
is leased for 999 years.
Earnings-—Now included in Phila Rapid Transit Co.—V.79,p. 1331
(2)
TWENTY-SECOND
STREET
A
ALLEGHENY
AVENUE
PASSENGER RY.
Organization—Formed in 1903 and merged the old Twenty second
St. A Allegheny Ave. Passenger Ry. Co.(chartered 1890),the Falrmount
A Frankfort Ry. Co., Fisher* Lane Ry. Co., Ltndley Ave. Ry. Co., Chel
ten Ave. Pass Ry. Co . Germantown At Falrmount Ky. Co. and the Phil
adelplna At Trenton Rapid Transit St Ry. Co. Is leased U) the Phila.
Rapid Transit Co. for 6 per cent per annum on paid-in capital.
STOCK & BONDS—
Dite. Interest. Outstand’g.
Maturity.
Stock, $1,302,000 ($501
Due lessee June 30,1906
H254patIU
767,500
ROAD—Operates about 35 tulles of track.
Treasurer. John B. Peddle.
(H)
PHILADELPHIA A WILLOW GROVE ST. RY. CO
ORGANIZATION—Is a consolidation in 1904 of the Pbila. & Willow
Grove Street Ry. and the Glenslde At Willow Grove Street Ky. Entire
stook Is owned by the Phila. Rapid Transit
bonds, p. and i., by endorsement. See guar.
Co., which guarantees the
V. 79, p. 904.
Outstand'a. Maturity.
Interest.
Stock & Bo^DS—
Date.
Stock, $L,O00,000
$1,00',000
1st mtge. $l,0<<0,0iK> guar. $ 1P04
4iagJ-J
1,000,000 Julv 1, *34
gold ($',o00).
o* (Int. at Land Title A Tr. Co., Phila., 1 rustee.
Bonds— Bonds are subject to call on any int. date at 105 and int.
upon 30 days’ notice. A sinking fund begins after 5 years; of $10,000
per annum for five years; $15,000 per annum for following 5 years,
and $20,000 per annum for the ensuing 15 years. See V. 79, p. 904.
Road—Operates a doublet* aok road fr* m intersection of Weaver
Street or Cherry Lane with Montgomery County line to W llow Grove
Park. Total, 17 miles of track.-V. 79, p 904; V. el, p. 32.
.
(4) DARBY A YEADON STREET RAILWAY.
ORQAN'ZATION Entire stock ($5,000) is owned by the Philadelphia
Rapid Tiansit Co.
STOCK & Bonds—
Date.
Interest.
uWanding. Maturity.
8took all owned by Philadelphia Rapid Transit Company.
1st mtge $200 000, gold,) 1904
4L> g j.-D.
$:00,« 00 Deo. 1.1934
guar. ($1,000;
e* Jlut. atLand Title A Tr Co., Plnia Trustee.
Bon s
Are guar p. and i., by Indorsement by the Phil Rap TranB.
Co. Are subject to call 011 anv int. date at 105 aud int.
R.)< d —Bus under construction a Hue from the Philadelphia County
line to Darby, which is expected to be completed about April, 1907.
,
,
—
,
UNION
TRACTION.-A trolley road
this company, see Street Railway Section of
October 13, 1906.
For statement of
INTER STATE RAILWAYS.ian za< ION —Incorporated in New Jersey on December 3, 1902,
with very broad powers.
Cs empowere 1 to acquire and operate rail¬
roads, to develop and furnish all kiu Is of motive power, to manufac¬
ture, mine and deal In coal, gas, oil, electricity, steam, light, heat,
etc., etc.
In December, 1902, obtained control of the United Power
* Transp u tatlon Company through purchase of the outstanding
($3,593,750) capital stock, on a basis of $75 for each $2 5 share,
payable in collateral trust bonds.
Up to Jan., 19o7, $3,592,200
of this stock had been exchanged for bonds on this basis.
United
Power shareholders also had the right to subscribe for oue share of
Inter-State sto k for every fourteen held.
I’he Interstate Kwys.
likewise owns $ 5 ) 0 >0 Wilkes-Barre A Wyoming Valley Trao. 5 per
cent collateral trust bonds and 1175,000 Mercer County T/a tiou Co.
5 per < ent bonds.
STOCK & BondsDate.
Interest. Outstanding.
Maturity.
Stock, $10.0 0 000($100)
$2,000,000 f. p
...
Collateral trust, gold,) 1903 3-3*2 4g.F-A 10,776,600
Feb. 1, 1943
$10,781,250.
.0* s Int. at Real Est.Title. Ins. ATr.,Phila., trustee.
Stock was listed on the Philadelphia stock Exchange in April, 1903.
Bonds are dated Feu. I, 19u3, ami are secured by deposit or United
Power A Transportation stook.
They bear 3 p. c. nterest the first
year, 319 the second and 4 the third and subsequent years.
Denomlnatious. $100. $500 and $1,000.
Are subject to oall at 105 and inter¬
est af'er Feb. L, '913, on 30 days’ notice.
Report—The annual report covering the year ending Ian 31, 1906,
shows: dividendson +3,592,200 stook of the United Power & Trans. Co.
$445 433; other income, $56,854; total, $502,287; Interest ou InterState Rys. coil, trust bonds, $431,058; expenses account and taxes,
$3 .498— $462,5? 6; snr, lus, $39,731.
Officers-Pres'dent, John A. Rlgg. Vice-Pres., Jos. L. Caven Reo.
A Treas., Rcml Remont.-V.82, p. 62T; V. 83, p. 687; V. 84, p 220.
08
...
^paidh?™8 \
10.000.000 May 1,1955
the Philadelphia Stock Exchange In July, 1902,
and in Feb ,1905, on N. Y. Stock Exchange.
A second call of $5 was
made on the shares, payable July 6, 1903; a third for $5 payable Jan.
was
79
STREET RAILWAYS.
Feb., 1907.]
UNITED
POWER
CO.- Electric roads.
&
TRANSPORTATION
Incorporated April 20, 1899, under New Jersey laws to construct,
operate aud own street railways, power companies, eto., and do a
general business (V. 68, p, 929). In Dec., 1902, stock was aoquired by
Inter-State Railways Co., which see immeUa'ely above.
On Oct. 1, 1906. owned the following stocks and bonds.
We show
also the total amounts
outstanding of each Issue.
Owned.
Stocks.
Total
8t.ock.
Shares. Shares.
6,229
7,500
5,993
6,000
9,993 10,000
Holmesburg Tacony A Frankford Eleotrio Ry. Co......14,992 15,000
Lebanon Valley Street Ry. Co
9,991 10,000
Media Glen Riddle A Rockdale El. St. Ry
1.640
1,631
Phila. Bristol & Trenton st. Ky
11.800
20 000
Philadelphia A Chester Ry
6,992
7,000
Reading A Southwestern Ry
1,142
2,600
'
,
Citizens’ Electrlo Light A Power Co. of Delaware Co...
Delaware County & Philadelphia Electric Ry
Edison Electric Illuminating Co. of Lebanon, Pa
Readiug Power Co
..
Roxboro Chestnut Hill & Norristown
Ry. Co
Schuylkill Valley Traction Co
Southwestern St. Ry
Trenton Street Ry
Trenton Traction Co
United Traction Go. of Reading, Pa
Wilkesbarre A Wyoming Valley Traotlon
Wilmington A Chester Traction
Wilmington <’lty Electrlo
Wilmington A Great Valley Turnpike
Wilmington A Phila Turnpike
Co.
Wilmington & Christiana Turnpike Co
Bonds.
Citizens’ Electrlo Light A Power Co. 1st
Phila. A Chester Ry. Co 1st M. 5 p. o.
200
200
4,938
4,968
9,990
7,995
19,963
10,000
8,000
20,000
18
178 10
7,991
49,989
39,993
5,083
974
1,035
644
1,200
680
Total
Issue
Owned.
M. 5 p. 0...
8,000
50,000
40,000
5,100
1 040
$12,500
$12,500
350,000
Schuylkill Valley Traction Co., Ino. Mtge
.- 100,000
100,000
Southwestern St. Ry. Co., 1st M. 5 p. o
119,000 400,000
Stock and Bonds.—Stock authorized, $12,500,000; shares $25, fui*
paid. In Mar., 1902, the outstanding stock was Increased from $3,125.000 to $3,5 v3,750 (V. 74, p. 682), the additional shares being sold
to stockholders at $35 per $25 share.
Bonds, 4 per cent collateral
80,000
-
certificates, are in two series, which we have marked (a) and (b)
bcloir [Stock and bonds listed on Philadelphia Stock Exchange.]
*a) Under a Trust Agreement between the United Power A Trans¬
trust,
portation Company and the
New York Trust Company, trustee,
1899 (under which $7,989,339
United Railways
have been issued by the said trust 00mnanv as trustee), the United Power A Transportation Company has
deposited with said trupt company 19,953 shares Trenton Street
Railway Company, 39,993 shares Wilmington A Chester Traction
Company, 14,992 shares Holmesburg Tacony A Frankford Electrlo
Railway Co., 7,991 shares the United Tractiou Company of Reading,
Pa., 5.089 shares the Wilmington City Electric Company, 9,800 shares
the Edison Eleo. 111. Co. of Lebanon. Pa ; 6,000 shares the Citizens’
Ele
Lt A Power Co of Delaware Co, Pa., and 49,989 cliares.the
Wilkes Barre A Wyoming Valley Traction Company
(h) Uuder a Trust Agreement between the United Power A Trans¬
portation Company and the Real Esta e Title Insurance & Trust
Company of Philadelphia, dated May ., 1899 (uuder which $998.dated
May
Gold Trust
1,
Certificates
.
950 United Railwavs Gold Trust Certificates have
been issued),
the United Power A Transportation Company has deposited with the
said trust company,
as
trusiee, 5,993 shares Delaware County A
Philadelphia Electric Railw ay Co. Under the above agreement an »n-
dltional amount of $1,167 of certificates will be Issued upon de¬
posit with the trustee of the remaining shares of the oapital stook of
the Delaware County A Philadelphia Electric Railway Company.
The
principal of both Beries (wnich are In $100, $500
and $1,000
pieces) is due at option of holder on July 1.1949, and thereafter on
any Jan. 1 or July 1, at the option of the United Power and Transpor¬
tation Co. For both series, also, the semi-annual interest (J. A J.) and
gold coin, free of tax, at the office of the
A Trust Co. of Philadelphia, trustee.
principal are payable in
Real Estate Title Insurance
the
Dividends—On Jan. 20,1900, a dividend of 50o. per share was paid;
also same amount July 16,1900; in 1901, Jan. 21. $1; July 10, $1; in
1902, Jan 20, $1; July 10. $1; in 1903. Jan. 20. $1; in ) 904, Jan 16,
$2-66; in 1905, Jan. 24, $2-39; in 1906, Jan. 26, $310; in 1907, Jan.
24, $3-20.
Report—For years ending Deo. 31:
From
interest
year
Investments.
on 4#
1^06
$824,021
$359,524
1905 '.
809,719
359,522
1904
359,520
708.512
Taxes,
Calendar
etc.
$4,496
Dividend
r>aid
$460,000
Balance,
surplus
$1
12,954
894
432,680
343,562
4,537
Earnings.—Of all electric light and railway companies controlled,
for year ending Dec. 31, 1906, gross, $4,420,613.
OFFICERS.—President, John A. Kigg; Vlce-Prest., Jos. L. Caven,
Sec. and Treas.. Remi Remont: Counsel. R. L. Jones. General offices;
Mariner A Merchant Bldg., Phila.-V. 82, p. 220; V. 84, p. 272.
4,563
(1) DELAWARE COUNTY A PHILADELPHIA ELECTRIC RY.-
A trolley
road.
May
Organization—Incorporated
11,
1892.
Completed from
Media, Pa., to Baltimore Avenue, Philadelphia, in January, 1895;
connects with the Chestnut A Walnut Street cars of the Union Traction
In May the United Power A Transportation Company ac¬
system.
quired the road, paying $150 per share for the stock
secured by a deposit of the stock.
trust certificates
STOCK & Bonds—
Stock, $500,000 auth
Interest.
Date.
in its 4 per cent
Outstanding.
$30i« 300
Maturity.
See text
July 1. 1913
1893
6 J-J
64,000
mortgage.$64,000 5j interest at Girard
Nat. Bank. Phila.
Dividends—Paid in dividends: In 1899-1900, $36,000; in 1900-01
$27,000: in 1901-02, $21,000; in 1902-3, $21,000; in 1903-4, $21,000;
in 1904-05, $21,000; in 1905-6, $21,000.
Road—Owns 12 miles of track. Rails 80-lb T and girder
Earnings—For year ending Dec. 31, 1906, gross, $104,389; ne».
$27.96-; lnt., taxes, etc., $6,967; dividends.$21,000; bal., surplus, $1.
OFFICERS—Pres., John A. Rigg; Sec. and Treas.. T. W. Grooket Jr.
,
.
1st
(2) HOLMESBURG TACONY A FRANKFORD ELECTRIC RY.road.
Acquired in 1899 by United Power A Transportation Co.
A trolley
Paid $35
$50 share of the Holmesburg Co.
Organization—Incorporated Sept. 29,1890. Opened Oct. 6,1895
STOCK & Bonds—
Dale.
Oulstand’g. Maturity
Interest.
Stock (par $50) $800,000
$750,000' See text.
1st mort., $400,000, gold, j 1895
5g. M-N
400,000 May, 1925
$1,000 and $500
c* ( lnt. at Real Est. Title ins. A Tr. Co., Trus.
ROAD—Total track owned, 16T8 miles; track leased, 1T1 miles.
EARNiNQS—Year ending Dec. 31,1906, gross, $116,407; net, $27,381;
lnt., taxes, rentals, etc., $27,375; surplus; $6.
OFFICERS.— Pres., John A. Rigg; Sec. and Treas., T. W. Grooket Jr.
in 4 p. o.
trust certificates for each
(3) LEBANON VALLEY STREET RAILWAY.—A trolley road.
Organization.—Incorporated on June 28, 1899, as a consolidation
of the Lebanon A Annsville Street Railway and the Lebanon A Myers
town Street Railway. The United Power & Transportation Co. owns
9,991 shares out of the 10,000
Stock & Bon osstock, $500,000 (per $50)...
snares or tne
capital stocK.
Interest. Outstand’g.
/fate.
^ 1899
^
1st mort. 10-30s, gold
rnt. at
Maturity
$500,000
See text.
5 g.J-J
500,000 Tuly 1, 1929
Real Est. Title Ins. A T.Co., Phila
Road—Owns 24 miles of track.
Earnings—For year to Deo. 31, 1905”, gross, $105,610: net, $32,751,
lnt., taxes, etc., $27,748; dividends. $5,000; balance. $3
OFFICERS—Fres’t, John. A. Rigg; Sec. and Treas., T. W. Grooket Jr.;
Asst. 8eo. and Treas., Remi Remont.
A
(4) ROXBOROUGH CHESTNUT HILL & NORRISTOWN RY.trolley road.
The United Power & Trans. Co. owns
4,938 out of the 4,968 shares of
In Jan., 1902. was leased for 950 years to theSchuyla rental of $4*50 pershare, payable semi annually.
Organization—Incorporated Dec. 24,1895. In 1898 leased the Wis
sahlckon Electric, 3b> miles, for 999 years; rental to be 2 p. c. on the
$145,800 stock for the first two yeais, 3 p. o. for the next six years, 4
p. e. for the next seven years and 5 p. o. for the rest of the
term.
Also owns the $250,000 stock of the Trappe A Limerick Eleo.
Street Ry. and leases that company for 950years. Comprises 22 miles
In June, 1896, filed a mortgage for $450,000 to the Real
of track.
Estate Title Insurance A Trust Co., Philadelphia, securing 5 per cent
gold bonds ($1,000), J AD, due June 1, 1926. Issue reduced to $3 »6,000, of which $371,000 was outstanding In Jan., 1907. Capital stock
issued, $248,400; par. $50. “Sundry Liabilities” June 30,1906, $249,000.
Earnings are included in tli« Schuylkill Valley Traction Co. Presi
dent, J. A. Rigg; See. and Treas., T. W Grooket Jr.—V. 62, p. 1042.
the capital stock.
kill Val. Trao at
(a) TRAPPE A LIMERICK ELECTRIC ST. RY.
lor
$250,000,
....
imiri
( 1901
fe0hnInt
c j
($1,000)
Outstand’g. Maturity
$250,000
4^g. J-J.
250,000 July 1.’31
Interest.
Date.
STOCK & Bonds—
Stock, $250,000 ($50)
at Roal
Estate T
ln8>
&
lr
Co
phila., Trustee.
and i.. by Roxb. Chest. Hill A Norr.
OFFICERS—Pres John A. Rigg; Vioc Pres., Remi Remont; Sec. and
Treas., T. W. Grookett Jr.; Mgr., Geo. Hoeger.
Bonds—Are guar., p.
,
(5) SCHUYLKILL VALLEY TRACTION -Trolley
The United Power A Transportation Go. has acquired $499,500 of the
$500,000 oapital stock and the entire $100,000 income bonds.
Organization—Incorporated In September, 1893. aw siteoessorTo the
Norristown Bridgeport A Conshohocken Traction Co. Since Jan. 15,
1895, has controlleaand opera ted theConshohocken Ry.,the Montgomery
County Pass. Ry., the Citizens’ Pass. Ry., the Colleg-ville Electric St.
Ry. and the Norristown Cass. Ry. The corporate existences of the
several companies are to be maintained, but their bonds will be taken
rapidly as possible.
In Jan., 19o2, leased for 950 years the Roxhorough Chestnut Hill
A Norristown Ry.,including that company’s^leases of the Wlssahickon
Elec. P. Ry. aud the Trappe A Limerick Electric Ry.
up as
STOCK & Bonds—
Date.
Interest.
Outstanding.
Maturity
$500,000
245,000
Aug 1945
Trust Co.. Phil., trustee.
100,000 Aug. 1, 1949
($500)
S West End Trust Co., Phila., trustee
“Sundry liabilities” June 3 >, 1906. $518.534
Of the $500,000 1st mortgage dated 1895, $100,000 has been
:«tired and destroyed, $75,000 lias been reserved to take up like
amount of the Norristown Passenger Ry. bonds and $80,000 to retire
the Citizens’ Passenger Ry. bonds.
The securities of the subsidiary companies are as follows, including
both those held by the public and by the parent company:
Stock. $1,000,000 ($50)
1st mort., $400,000, gold > 1895
5 g. F-A
es Int. at West End
($1,000)
Income mort., $100,000,) 1899
5 aun.
Miles. Interest.
Issued.
Maturity.
6H
$79,520f.p. 2Lj ln’05-06
5g. F-A
80,000
Feb. 1, 1925
guaranteed
$
Subject to call at 105 Feb. 1, 1905
Conshohocken Ry. stook.
5^
145,900
1st mortgage, guaran’d)
Se-itext- July 1,1924
5Lj 5 g. J-J
principal and interest.. 5
Subject to call at 105 July 1,1904
Montg. Co. Pass. Ry. stk.
l*a
150,000
1st mortgage, gold
l1^ 6
J-J
See text
1924
Norristown Pass. Ry. stk.
4*4
75,000 5*32 in’05-06
1st mortgage
41* 6
75.000
J-J
1923
Bonds.—The Conshohooken Ry. bonds ($100,000) and the Montgom¬
ery County Pass. Ry. issue ($15,000) are held by the Schuylkill Valley
Company, die.—
Citizens’ Pass. Ry. stook..
1st mort., gold, $80,000,)
Traction Co.
'
Road—Operates 60 miles of track, including lines of above-mentioned
companies, and also Roxhorough Chestnut Hill A Norristown.
Earnings—For fiscal year end. Dec. 31,*06, gross, $363./01; uet, $103,170; int., taxes, rentals, eto., $103,160; surplus, $10.
V. 70, p. 281
OFFICERS.—Pres., John A. Rigg; Secy. A Treas., T. W. Grooket Jr.
(6) TRENTON STREET RY—Trolley. The United Power A Trans¬
portation Co. owns 19,963 out of the 20,000 shares of stock.
Organization—Formed June 29, 1898, by consolidation of the
Ry., Mulberry Street Pass. Ry., Pennington Ave.
Passenger Ry. and Ewing Passenger Ry.
In August, 1899, the Mercer County Traction Co. was formed, with
a capital of $100,000 and authorized bonds of $300,OOo, of which $276,000 are outstanding, to enable the Trenton Street Ry. Co. to build an
extension of 11 42 miles into Princeton and in city of Trenton. Entire
stock and $101,000 of the bonds are owned by the latter, and re¬
maining $175,000 bonds are held by Inter-State Rys. Is operated as
a part of Trenton street Ry. system.
In June, 1903, acquired entire
capital stock ($250,000 of the Trenton Pennington & Hopewell Street
Ry., which It, also leases, and whose bonds it guarantees p. and i.
Also on May 1.1906, leased the property and franchises of the Trenton
Hamilton & Ewing Traction Co. for 999 years and guarantees its
bonds, p. and i.
Maturity, etc.
Stock & Bonds—
Date. Interest. Outstand'g.
See earnings
$1,000,000
Stock, $1,000,000, p. $50
Tr. Pass. First mort
93,000
1907 to 1915
f
( 10,000 due yearly Sept. 30)
$1,000,000, gold
!
150,000
1916 to 1925
$1,000 each, c*
Interest at Nat. Meehan. >1891 6g.A-0-{ ( 15.000 due yearly Sept. 30)
1926 to 1930
100,000
Bank, Trenton,N. J.
( 20,000 due yearly Sept. 30)
Trenton Passenger
Sept. 30,1931
650,000
( 1898 5g.J-J
1,000,000
July 1, 1938
( Int, in Trenton and at R. E. Title Ins. A Tr.
non non
$2,000,000,
$1,000..0 ^Co>t
Phila.; Gir. Trust Co., Trustee.
fren Penn /tr Hone lst^ 1^93
5g.J D
350,000
June 1,1943
$350 000 gold
iru M{ Int* at
Fldelity
TrUBt
Co
» Newark, Truttee.
M $350,000
gold gu..
M.
uuar. P and J by Trenton st< Ry.
<’onsol
mort
gold
Ham. A Ew. 1st M.,) 1915
5g. M N.
500,000 Nov. 1,’55
$500,000 ($1,000) gold, c* > Int. at Real Est. T. Ins. ATr. Co.,Phila.,Tr.
Tren.
Bonds—$1,000,000 consol. 5s of 1898 are reserved to retire 1st 6s.
Road—Owns and controls by lease about 64 miles of track. The
new tracks have 90-lb. Johnson girder rails.
Earnings.—Year ending Deo. 31, 1906, gross, $492,948; net, $242,209; lnt. and taxes, $157,754; bal., $84,*54; dividends paid, $59,910.
OFFICERS—Pres., John A. Rigg; Vice-President, Remi Remont; 8ec.
Grooket Jr.—V. 68, p. 284, 475; V. 81, n. 1175.
and Treas., T. W.
(7) UNITED TRACTION (OF READING)—
In 1899 control acquired by the United Power ATransportation Co.,
which holds 7,991 out of the 8,000 shares of stock. Stockholders were
given $75 in 4 per cent collateral trust bonds of the Power «fe Trans¬
portation Co. for every $50 of United Traction Co. stock held, with
right to subscribe for Power A Transportation stock.
Organization—Incorporated on Dec. 17,1895, in perpetuity, to con*
trol the Reading Traction, leased on Jan. 1,1896, for 900 years. Owns
the stock of the Metropolitan Elect. Co., the Oley Valley Ry. Co., the
Neversink Mountain Ry., Front & Fifth St. Ry. Co. and Birlsboro St.
Ry. Co. The Front A Fifth St. Ry. is leased for 999 years from July 1,
1“»03, for lnt. on $50,000 bonds and the Birdsboro street Ry. for 999
for int. on the $250,(b o bonds
United Traction, leaned the Reading A South¬
Ry. of 7^ miles, for 999 years, for interest on $100,000 bonds
and 12 per cent ou the $130,000 capital stock.
Also leases the Adaais&
town
Mohnsville Elec. Ry. for 999 years from Jan. i, : 905, paying
as rental 37p. e. of the gross receipts, but not in excess of $25,000.
Stock, $75,000.
Stock dc Bonds—
Date.
Int.
Outstajid’g. Maturity.
Stock, $400,000 (par, $50)
$400,000 full pd. See text.
IstM.,coll, trust, gold, $150,-) 1896 5g J-J
Jan.1,1926
149,900
000 (par $100 A $1,000) ..o* ^ R. E. Title,Ins. A Trust, Phila., Trustee.
{ 190? 4^g. J-J 250,000
July 1,1931
Oley Valley Ry. 1st mort. ( Int. at Real Estate Tii.le Ins. A Tr. Co.,
$250,000, gold ($1.000)..e !
Philadelphia, Trustee.
Front A 5th St. Ry. 1st M.,) 1903
50.000
July 1. 1933
5g. J J
$50,000, g.($l OOA$500)c* S Int. at Colonial Trust.Co Read Trus.
Adam. A Mohn. 1st mort., > 1904 5g. J J
75,000
Jan. 1,1935
$75,000, g. ($1,000) ...r* ) Int. at Colonial Trust Co Read., Trus.
Birdsboro St. R*. '1
$250,- S 1904 5g J-J 259,000
Jan. 1,1934
000, g. ($500 A $1,000) c ( Int. at Colonial Tr. Co., Reading, Trust.
Current liabilities, “sundries,” July 1, 1906, $1,119,327. Interest at
Co.’s office.
Coil, trust bonds subject to call at par after 3 years. The
Birdsboro St. Rv. bonus may be called beginning Jan. 1, 19)4, at 105.
The Front A Firth St. bonds are redeemable on July 1, 1913, at 10Y
They are guar., pjln. and int., by endorsement. The Adamstown A
Mohnsville bonds are redeemable on Jan. 1, 1915, at 105.
Road—Operates 80 tulles of track (Read. Trac-, 4Ha miles, Reading
A Womelsdorf Eleo., 15 miles) in and between Reading; Womelsdorf,
Black Bear and Stony Creek; Read. A Southwestern, 7^ miles.
Earnings—Year end. Dec. 31, 1906, gross, $809,311; uet, $242,142;
lnt., taxes, rentals, Ac., $219,7s4; divs., $20,000; surplus, $2,358 —V.
76, p. 1086, 1302.
Controlled by United Traction Co.
years from Jan. 1, 1904,
On Aug. 1, 1901, the
western
,
Organiation. —Incorporated In Pennsylvania on July 25, 1899.
Was leased on Deo. 31,1901, to Roxoorough Chestnut Hill A Norris
town Ry. for 950 years.
[VOL. LXXXIV.
STREET RAILWAYS
60
,
.
,
.
(d) READING TRACTION—A trolley road.
Organization—Chartered March 9, 1893, to operate the Reading
City Pass. Railway and East Reading Passenger Railway, which it
equipped with electricity and leased for 99 years, the former from
April 1,1893, and the latter from May 1, 1893. On Oct 1,1894,
leased the Reading A Temple Elec. Ry. for 93 years On Dec. 20,1895,
leased the Reading A Womelsdorf Elec. Ry. for 99 years; also owns
tlia company’s capital stock,
00.000 The Reading Traction was
leased on Jan. 1,1*96, to the United Traction for 900 years at a rental
of $10,000 annually for first three years, $20,000 for next two and
.
$30,000 thereafter.
STOCK & Bonds—
Par.
Stock.,$1,000.000 au. $50
1st M.,$600,000, g.,gu <
Date.
Interest. Outstand’g.
J-J
$1,000,000
1893
6g. J-J
Maturity.
See text.
445,000 Jan. 1,1933
Not subject to call c.* ) Provident Life A Trust Co., Phila., Trustee.
Due lessee company June 30, 1906, $200,460.
Interest Is payable in Philadelphia at Bank of North America and
company and Colonial Trust Co.
c.;in 1901.2J«p. o.: 1u 1902. 3 p. o.:
Reading at the office of the
Dividends-In 1900.2
o.
3%; in 1904, 3ft; In 1905, 3%; in 1906 3%; in 1907, Jan., 1 w>6
in
in 1903
(8)WILKESBARE
leased lines secur’8.
Reading City Pass. Ry.
Stock (see below)
1st M
Par. Date. Interest.
Reading Elect. Ry.
Stock, full paid
Bonds, $25.000
East
$50
$50
Outstand'g. Last div., etc
J-J
5 A-O
1889
J-J
50
50
....
5 p. C.
1897
Read. & Temple Elec. Ry.
7 A-O
Stock, $75,000, guar.
5 A-O
1894
1st mtg., $75,000
5 g. J-J
Reading & Womtlsd. E pc. f 1895
Ry. 1st mort., $400,000, { Real Est.
....
See text.
$350,000
115,000
Apr., 1909
100,000
25,000
July 1, 1937
73,700
73,700
386,000
See text.
See text.
Oct. 1, 1924
Jan. 1,1925
Title Ins. A Tr., Phila., trustee.
I Int. at Colonial Trust Co. of Reading, Pa.
Dividends on Leased Line Stocks—The Reading City Passenger stock
to receive dividends. 1896 to 1899 inclusive, 10 per oent; 1900 and
thereafter, 12 per cent. East Reading stock reoeives dividends: 1896,
$6,500; 1897 to 1900 inclusive, $7,000; thereafter, $8,000. Reading
& Temple Electric pays 7 p. o. annually in dividends, A. A O.
Road-Owned and leased 56*3 miles of track, including the Read¬
ing A Womelsdorf Elec. Ry.
V. 64, p 177.
A WYOMING VALLEY TRACTION.—The
United Power to Trans, owns 49,989 out of the 50,000 shares of stook.
ORGANIZATION—Incorporated Feb. 9, 1891; controls street
railway lines in the Wyoming Valley, Pa., extending from Wilkesbarre
to Duryea and Nanticoke on east side of Susquehanna River and
Pittston and Plymouth, on west side. In Dec., 1902, made collateral
trust mortgage for $2?0,000 to purchase stock of the Wilkesbarre
Dallas & Harvey’s Lake Ry. Co. and for other purposes. These bonds
are held by Inter-State Rys.
On .July 1,1904. leased the Plymouth A
Larksville Street Ry. for 999 years at 6 p. o. on $75,000 stook and in¬
terest on $75,000 5 p. o. bonds.
STOCK & BondsDate. Interest. Outstand'g.
Maturity.
Stock (par $100)
Text. $5,000,000
8ee text.
1st M. $1,500,000, gold ( 1891 5g. A-0
1,500,000 Apr. 1,1921
($1,000)
c* <Interest at Provident Life A Trust, Phila.
308.000
Jan. 1, 1925
Oollat. Tr. A Mortgage $ 1895 5g. J-J
$325,000, gold
1 Int. at Anthracite Sav. Bk., tr., Wilkesbarre.
Coll. Tr & mort., golds 1902- 5g. J-D
250,000 Die. 15,1922
($1,000), $250,000.. c* (Int. at Real Est.Title, Ins.At Tr. Co., Phila.,Tr.
Underlying Bonds on Roads Purchased—
July 1.1918
40,000
gold, c* ($100, etc.)
,
Wllkesb. A Surb.
81
STREET RAILWAYS.
Feb., 1907.
4 p. o.
5 p. o.
bonds
Wilkesb. A W. Side bds
Guaranteed bonds—
35,000
Sept. 1,1918
200,000
Deo. 1.1918
Pitt.8t.CarlstM.($1000) > 1893 6g. J-D
g.o*,p. Ai.uncondit’ygu. s Int. at Real Estate L. & Tr. Co., Phila., True.
PlymouthBr. Co.lstgoldJ 1894 5g.A-0
134,000 Oct. 1.1924
M.$150,000, guar.p.Ai. (Int. at Anthracite Sav. Bk., trustee, Wilkesb.
$10,000 subj. to call in 1904 and $3,000 yearly thereafter.
Wilkesbarre A Kingston
5 F-A
90,000 Aug. 1,1918
STOCK & Bonds—
Leased to Chest. Tract.—
Date.
Ry. Co. 1st M., gold
($500 A $1.000)o
Interest.
Union
Outstanding.
Maturity.
$200,000 Jan. 1, 1913
150,000 rental 10p.o.
100,000 July 1, 1913
125,000 July 1,1913
Chester Street Ry., eto.,
payable at Delaware County Trust Co., Chester, Pa., and Interest upon
all the latter guaranteed by Chester Traction Co.
Bonds—$1,695,000 oollat. trust 5s of 1898 reserved to retire underlying securities and guaranteed stook. Bonds subject to call at 103
after Apr. 1,1914. Wilmington City bonds were subject to oall on Sept.
1,1901, but Interest reduced from 5 to 4 p.o and right to call canceled.
Earnings—For year to Deo. 31, If 06: Inoome from securities owned,
$199,220; lDt.. taxes, eto., $119,215; dividends, $-0,000. «urp.,$5.
OFFICERS—Pres., John A. Rigg, Seo. and Treas.. T. W. Grooket Jr.;
5 g. J-J
1893
Chester St. Ry.stock ($50)
10 J-J
Ches. A Media El.Ry.gold) 1893
5 g. J-J
Ches. Darby A Phila. gold. 1893
5 g. J-J
Interest on Chester Traction, Union Ry.,
Asst. Sec. and Treas., Remi
Reraont—V. 68. p. 620,929.
( l i ) PHILADELPHIA A CHESTER RY.—A trolley road.
$349,600 of the $350,000 stock of the Philadelphia A Chester Ry. Is
owned by the United Power A Transportation Co.
Date.
STOCK & BONDS—
Interest. Outstand'g. Maturity.
Stook, $350 000 ($50)
$350,000
1st mtge.. $350,000 ($500 (1900
5 g. M-N 350,000 Nov. 1, 1930
A $1,000), gold
c* (Int. at Finance Co. of Penn., Phila., Trus.
Bonds cannot be called.
Earnings—For year ending Deo. 31,1906, were: Gross, $23,549;
def. from operation, $4,731; interest and taxes, $19,192; balance,
deficit, $23,923.
Road-—Owns and operates 8 83 miles of track from Philadelphia to
Chester and from Essington to Moore’s Station.
OFFICERS.—President, J. A. Rigg; Seo. and Treas., T. W. Grooket Jr.
(»2) SOUTHWESTERN STREET RY.—A trolley road.
Organization—Chartered Sept. 3,1897.
STOCK & BONDS—
Dale. Interest. Outstanding. Maturity.
$100,000
Stock, $400,000 ($50)
IstM., $400,000 (cannot be 5 1899 5, 4 g.F-A 400,000
1929
called), gold ($l,0u0
{Int at West End Tr. Co., Phila., trustee.
Sunrry liabilities June 30,1906, $217.944.
Stock and Bonds.—$260,000 bonds and all the stook are owued by the
United Power A Transportat’n Co. Interest on the remaining $140,000
was reduoed to 4 p. o., in consideration of their guarantee, p. A i., by
Traction Co.
Earnings—For year ending
$42,396; interest, taxes, eto.,
the Chester
Deo. 31.1906,were: Gross, $»-’4 573; def.,
$20,198; bal., delloit, $62,594.
ROAD—Owns and operates 16 miles of track within the limits of
Philadelphia. Track laid with 90-lb. girder and 60-lb. T rails.
Officers—President, John A. Rigg; Treasurer. T. W. Grooket Jr.
150,000 See (IT) below (1M) PHILADELPHIA BRISTOL A TRENTON STREET RY.In Sept., 1906, control was acquired by the Inter-State Rys. Co. V.
bonds reduced to
extended to Aug. 1, 1918. Int. on the 83, p. 688; V. 84, p. 220.
1903
4 p c. and bonds
Organization—Chartered in Pennsylvania Deoember 30, 1901, as a
Val
coll. tr. bonds of consolidation of the Philadelphia A Bristol Passenger Rv. (purchased
at receiver’s sale on Sept. 10,1901), and the Bristol Passenger Ry.,
105 and aoorued interest.
Dividends—In 1896, Jan., 1 per cent; July, 1 per cent.; in 1897, and the Trenton A Bristol Street Ry.
Jan., 1 p. o.; in 1898, Jan., 1 p. c.; in 1899, Jan., I p. o. In 1899-00,
STOCK & Bonds—
Date. Interest. Outstand'g. Maturity.
Stock (par $50), $1,000,000
3%; in 1900-01. 3%; in 1901-02. 4^%; in 1902-03, 3 p. o.; in 1903-04.
$1,000,000
3 p. o.; in 1P04-5, 3 p. o.; in 1905-6. 3 p. o.
1st mtge., $1,000,000 gold ( 1902
650,000 Sept. 1,1932
5 g,M-S
Road—Comprises 71 miles of track.
i$ 1,000)
c* \ Int. at Union Trust Co., Balto., Trustee.
Companies Controlled in System—1The following table shows the
Earnings—Year ending Deo. 31, 1905, gross, $76,347; net, $23,168;
several companies operated, tneir mileage, capital stook,'and the int. and taxes, $34,4t8; deficit, $11,300.
amount of it owned by the Traction Company, their debt, and finally
Road—Owns and operates 21 miles of Track from Torresdale to
the rental payable under 999 year leases; 6 per cent here meaning 6
Morrisville. Rails, 60 and 90-lb. girder and 72-lb. T; gauge 5 ft. 2*a
per cent on the outstanding capital stook; and $1 meaning a nominal
inches; 14 motor cars and 1 servioe oar, 3 engines and 3 generators
rental, the company having only a nominal existence.
450 k. w. capacity.—V. 75, p. 395; V. 83, p. 688.
Wilkesb’re & E. Side Ry
5s
Botids—Interest on the Wilkesbarre A Kingston
5 p. o. in Aug., 1903, and bonds
Wilkesbarre A Suburban bonds reduced in
to
extended to July 1,1918. The Wilk. A Wyo
ey
1902 are subject to call after 10 years at
Stock.
of Company.
Coalville Passenger Railway
Nanttcoke Street Railway..
Pittst. Moosio A P. V. St. Ry.
Pittston Street Car
Name
.
Miles. Issued. Owned.
Debt. Rental.
5-67 $62,400 $33,700
None. 6 p.o
9-68
6,000
6,000
None.
None.
1*95 42,000 42,000
8 82 200,000 200,000 200,000
Plymouth Street Railway...
6‘00
12,000
12,000
None.
None.
2 25
30,000 30,000
5 00 150,000 150,000 *150,000
Wilkesb. A Kingst Pass. Ry. 6 60 100,000
99,700 90,0< 0 6p.c.
Wilkesb. A Suburb. St. Ry
10 00 100,000
93,500 *40,000 6p.C.
Wilkesb. Dali A Harv. L
13-01 200 000 193,750 150.000
(a)
Wilkesbarre A West Side
9-63 100,000
92,450 *35,000 6 p.o.
Plymouth Bridge Co
....
75.000 75,000 134 000
Entire stock and bonds deposited under collateral trust of 1895.
‘Entire amounts owned by the W. A W. Valley Trao., with the ex¬
W. Pittston A Wyo. St. Car..
Wilkesbarre A East SidelT...
..
...
Wilkes. A West Sb’e, of which only $23,000 is owned.
dependent upon earnings.
a
Earnings.—For year ending Deo. 31,1906: Gross, $901,475: net,
$321,562; interest, rentals and taxes, $171,160; dividends, $150,000;
surplus, $2.—V. 66, p. 285; V. 68, p. 830, 1134; V. 69, p. 29
ception of the
Dividends in this case are
(9) WILKESBARRE DALLA8 A HARVEY’S
LAKE RY.—The
of the 4,000 shares
ORGANIZATION—A reorganization in 1898, per plan in V. 66, p. 1190.
of the Wilkesbarre A Northern RR., sold by sheriff in 8ept., ’9S. &oad ,
partly constructed, was completed and eleotrioally equipped by new
company from Luzerne, Pa., there connecting with Wilkesbarre A
Wyoming Valley Traction, to.Harvey’s Lake, Pa., 13 01 miles.
STOCK & Bonds—
Date. Interest. Outstanding. Maturity.
Stock, $200 000 ($50)
$200,000
1906, 4V#%
1st mortgage, $150,000, > 1898 5 g. M-S
150,000 Sept. 15, 192a
Wilkesbarre A Wyom’g
Val. Tr. Co. owns 3,875 out
o*) Int. at Anthracite Sav.Bk.,Wilkesbarre, Trus.
EARNINGS—For year to Deo. 31,1906: Gross, $65,3’ 0, net. $18,190,
PHOENIXVILLE, PA.
ELECTRIC CO.-Gas, electrlo
PHOENIX GAS &
and trolley.
Organization.—Incorporated In New Jersey Sept.
21,1901, for the
all of the gas, eleotrio aud street
Royersford and Spring City, Pa.
Jan. 17, 1899. Has acquired the
entire stook of the Schuylkill Valley Illuminating Co., Consolidated
Schuylkill Gas Co. and Montgomery A Chester Electric Ry. Co. The
oapital stocks of these companies, together with the entire issue of
bonds ($100,000) of M. A C. Elec. Ry. and part of the bonds of the
purpose of acquiring and operating
railway properties of Phcenixville.
Franchises are for 99 years from
other two companies have been deposited
for the new mortgage. V. 74, p. 271.
with the trustee as collateral
Outstanding.
Maturity.
STOCK <Sc BondsDale. Interest.
$800,000
8tock, $1.000,000
5 g. A-O
Phoenix Gas A E., Col.) 1901
831,500
Oct.
Tr., $1,000,000 ($500 > Int. at Real Estate Trust Co.,
A $1,000>, s. f., gold o* )
Trustee. Can be called at any
Schuylk. Val. Ill. mort., > 1893 6 g. J-J
60,000
$60,000, gold ($500)o* S Int at Tr. Co. of No. Amer.,
Consol. Seuuylkill Gas( 1899 5 g. A-O
150,000
Oct.
mort., $200,000 ($500 < Interest at Real Estate Trust Co.,
o* (
and $1,000)
delphia, Trustee.
1,1951
Philadelphia,
time at 110.
July l, 1923
Phtla., Trustee.
1, 1929
Phiadel-
$168,500 are
sinking fund of
l per cent per annum of outstanding bonds becomes operative In 1907.
Bonds of the Consol. Schuylkill Gas Co. may be called in 1909 at par.
Road.-Owns 6 Smiles of track between PhoBnixvllle and Spring City.
OFFICERS.—Pres., I. J. Brower, Phoenixville; Seo. and Treas., Jas.W.
Bonds.—Of the new Phoenix Gas A Eleotrio bonds,
reserved for future extensions and improvements. A
V 74, p. 271.
Pennypacker, Phoenixville. Pa
gold, $500
PITTSBURG, KANSAS.
& LIGHT CO.
int., taxes, eto., $9,107; dividends, $9,000; surplus, $83.—V.69, p. 133.
Organization—Incorporated in Kansas on Jui e 15, 1905, as a con¬
solidation of the Pittsburg Railroad and the Pittsburg Light A
(10) WILMINGTON A CHESTER TRACTION—
Power Co.
United Pow. A Trans. Co. owns 39,993 out of 40,000 shares of stock.
STOCK & Bonds—
Date. Interest. Outstanding. Maturity.
ORGANIZATION.—Incorporated March, 1898. Controls street rail¬
Stock $600,000 ($100)
$600,000
way lines- in Wilmington, Del., and Chester, Pa., comprising with
1st mortgage. $600,000, S 1905 5 g. A O
470,000 April 1. 1930
leased lines about 71 miles of track. It controls the line from Chester
to Media, also the line to Darby, where connection is made with the
gold ($1,000).
.cAr* t Int. at Lincoln Trust Co., N. Y., trustee.
IstM. Pitt. RR. $125,000 \ 1900
5 J-J
122,500 Jan. 1,1920
Union Traction Company’s line to Philadelphia. In 1898. acquired
all the stock of the Wflmington City Ry. ($519,930) and of the Chester
($1,000), coupon
t Int. at Merchants’ Trust Co., Phila., trustee.
Bonds.—Of the $600,000 new bonds $125,000 are reserved for prior
Traction Co ($500,000), both of which are deposited under the col¬
lateral trust mortgage of the Wilmington A Chester Traction Co.
A Iso liens; balance Is reserved for future extensions. No sinking fund,
owns $50,00o strok of the C hester A "elaware St. Ry.
The Chester and bonds are not subject to oall. The Pittsburg RR. mortgage Is sub¬
Traction Co. holds all the stock of the Union Railway Co , $100,- ject to call on any interest date at 105.
a sinking fund on these
000; Chester A Media stock, $35,000: Chester Darby A Philadeohia bonds of $5,000 yearly commences July 1. 1906.
stock. $65,000; total, $200,000. Hie Chester Traction pays as rental
Earnings- For 12 months ending Ju< e 30,1906, grops, $83,703; net,
(besides interest on bonds) 6 p o on the$i00,0oo stock of the Chester $27,504.
A Media and on i lie $100,000 stock of the Chester Darby A Phil.
Road—Operates 30 miles of track centering at Pittsburg, reaching
Frontenao 4 miles north, and Cambria, Chicopee, Flemming, Weir
STOCK & Bonds—
Date. Interest. Outstand'g. Maturity.
and Soammon, 16 miles southwest; also 2^ miles In Pittsburg.
8tock, $2,000,000; $50.f.p.Listed on Phil. Ex. $2,000,000
1906, 4% Cityextension
8 miles south to Columbus was completed in Oct., If 06,
Coll, tr., gold, $4,000,000 )
1898 5 g. A-O
2,305,000 Apr. 1,1918 An
ano*her 6 miles west of Soammon to Mineral is under construc¬
($500and$l,OOOea.).o* S Provident Life A Trust Co., Phila., trustee. and
tion. Also does lighting business in Pittsburg and Frontenae. stand¬
Securities of subsidiary lines (not owned)—
ard gauge.
40 and * 0-lb. girder and T rail.
Wil.City 1st M.,$600,000, >
1891 4 g. M-8
600,000 Sept. 1, 1911
OFFICERS—Pres., W. w. Calhoun, Carthage; Vice Prest.. J. W.
gold, $500 each
o s Int. at Equit. Guar. Tr. Co..Wilmington, Del. Ground, Carthage; Treas., H. P. Fitch; Seo. aud Gen. Mgr., Fred. FT.
Chester Trao. 1st M., g.,)
1894 5 g. M-N
250,000 May 1,1914 Fitch; Supt., H. T. Morrison.- V. 81, p. 1793.
($250,000)
..o" S Int.atDel.Co.T.S.D.AT.Ins.Co ,Chester,Trus.
PITTSBURG RAILWAY
.
.
82
STREET RAILWAYS.
PITTSBURGH, PA
PHILADELPHIA
(natural
and
manufactured), electric company, trolley.
In Feb., 1906, the United Rys. Investment Co. of San Francisco
acquired control through purchase of $21,000,000 of the common
stock, paying for the stock acquired partly in its own stock and
partly in an issue of its. ooll. trust bonds. See statement of United Rys.
Investment Co. under San Francisco and also V. 82, p. 393, 988.
Organization.—Organized on May 24,1884, and was originally a
natural gas company. Operates under speoial Aot of the Legislature
of Pennsylvania (conferring many valuable rights and
privileges)
its predecessor,
tne Empire
Company,
Its
franted
uslness to
may
be classed under
three main
(1) March,
heads, in
Street 1871.
Railways,
(2) Electric Lighting and Illuminating das and (3) Fuel Gas.
(1) The Street Railways comprise 518*64 miles of track, all operated
(as a matter of convenience and economy) by the Pittsburgh Railways
Co. (except the Beaver Valley Traction Co. and the Washington &
Can< usburg Ry., which are operated separately), and embrace the
following properties :
The United Traction Company of Pittsburgh,
Consolidated Traction Company,
Monongahela Street Railway Company,
Pittsburgh & Birmingham Traction Company,
Pittsburgh Railways Company (formerly Southern Trac ),
Pittsburgh & Charleroi Street Railway Company,
Allegheny Bellevue & Perrysville Ry.
Suburban Rapid Transit Street Railway Company
East McKeesport Street Railway Company,
Mt. Washington Street Railway,
Heaver Valley Traction Company,
Pittsburgh & Castle Shannon RR.,
Washington & Canonsburg Railway.
In
Feb., 1902, acquired the elevated railroad franchises whioh
granted to Messrs. Bigelow, Oliver, Quay and others. V. 74, p. 478.
(2.) Electric Lighting & Illuminating Gas.—Philadelphia Cornpan v also owns or oontrols by lease the following companies, forming
the lighting department of its business:
Allegheny County Light Company,
Monongahela Light <fe Power Company,
Southern Heat. Light & Power Company,
Consolidated Gas Company,
South Side Gas Company,
were
Allegheny Illuminating Company.
Braddock Gas & Light Company,
Ohio Valley Electric Oo. of Bellevue.
The first three
are the only publio organizations
furnishing eleotno
heat, light and power to Pittsburgh and Allegheny and the
territory immediately surrounding the same. The Consolidated Gas
Company operates under a perpetual charter, and with the Allegheny
Illuminating Company and the South Side Gas Company constitutes the
only gas-manufacturing companies in the cities of Pittsburgh and Al¬
legheny, and the exclusive right to manufacture Illuminating gas in
current for
those cities is said to be vested in them.
(3.) Fuel Gas. -Philadelphia Company, through its own lines and
those of a number of companies controlled by it,
supplies nearly all
the fuel gas consumed in the cities of Pittsburgh and
Allegheny and the
manufacturing towns lying along the Monongahela and Allegheny
rivers.
Company oontrols by lease 383,701 acres of gas and oil lands
in West Virginia and Pennsylvania. It oontrols
through its ownership
of the Union Gas Co. of McKeesport 398H acres and
The principal fuel gas companies controlled are:
Philadelphia Company,
Chartiers Valley Gas Company,
through its
acres of
ma¬
leasehold.
Equitable Gas Company,
Pennsylvania Natural Gas Company,
Union Gas Company of McKeesport,
Allegheny Heating Company.
Fairmount & Grafton Gas Co.
See official statement in Chronicle of July 12,1902,
(V. 75, p. 83,)
for further details regarding the character and nature of the com¬
pany’s business.
'SCHEDULE
OF
CAPITAL
LXXXIV.
SECURITIES OUTSTANDING *
COMPANY-—Gas
jority ownership of the Equitable Gas Co. 1,110
[VOL.
STOCK
OF
OTHER CORPORATIONS
OWNED AND POSSESSED.
Stock dk Bonds—
Date.
8tock, common, $36,000,-)
000; par, $50
\
IST:.’
Phil. Co. 1st & Col. Tr.
M., > 1899
Bate.
*
Outstanding. Lastdiv.,ete.
Feb.,'07, li*
M-S
6.000.000 March,’07,24
^
y
™
5 g M-S
5,517,000 Sept. 1,1949
Maryland Trust Co., Baltimore, Trustee.
Phil. Co. con. M. & ool. tr. ) 1901
5 g M-N 15,13^,000 Nov. i, 1951
$22,000,000 g. ($1,000) S Continental Trust Co., Balt., Trustee.
Notes, $1,500,000 ($l,000)c 1905
5 A-O
See text.
1,050.000
1891
6 F-A
Allegh’y County Lt. 1 st M.
500,000
1911
East End Elec. L’t 1st M.
1895
* 6 F-A
500,000
1915
ConsoL Gas com. stock, )
4,000,000
$4,000,000, par $50... >
Consol. Gas pref. stock,)
F-A
2,000,000 Aug. ’06, 1%
$2,500,000, par $50.. S
Consol. Gas, 1st mort.,
1898
5 g. F-A
5,000,000 Feb. 1,1948
gold
o*<fcr
Maryland Trust Co., Baltimore, trustee.
$6,500,000g. ($1,000) o*
>
Braddock Gas <fe L. 1st M. ) 1888
$40,000 ($500 $1,000) >
sinking fund
)
6 M-N
40,000
May 1, 1908
Interest at Farmers’ Loan «fe Trust Co.,
Y,
Trustee#
East McKeesport 8t. Ry.)
1st mortg’e, $250,000 >
1899
5 g. J-D
250,000 Deo. 1, 1929
Interest at Fidelity Title & Trust Co., Pitts($1,000) gold
.t >
burgh, Trustee.
Southern Heat, Light &) 1899
5 g. J-D
252,000 Dpo. 1, 1949
Power Co., 1st mortg’e > Interest at
Mercantile Trust Co., Pitts$300,000 ($1,000) gold ) burgh, Trustee.
Monongahela Light
1899
5 J-D
1,700 000 Jane 1, 194
Power Oo. 1st mort’ge>
Int. at Mellon National Bank, Pittsburgu.
$1,700,000
) The Union Trust Co., Pittsburgh, Trustee.
Ohio Valley Electric Co.) 1897
6 A-0
50,000 April 1,1917
1st mortgage, $50,000.5 Int. at Meroantilo Trust Co., Pitts., Trustee.
Union Gas Co., MoKeesp. ( 1899
5 g.
330,000 Oct. 1, 1929
1st mort, $330,000 g., <
Union Trast Co., Pittsburgh, Trustee.
s f
( Int. at Mellon National Bank, Pittsburgh.
*This table does not cover such railroad properties as are
separately
reported further on.
Stock—Stock authorized was increased in February, 1899, from
$7,500,000 to $21,000,000, of which $6,000,000 was 5 p. o. non-cumulative preferred. The increase was made to acquire the stock of the Alle¬
gheny Co. Light Co., Chartiers Valley Gas Co. and the com. stock of the
Consolidated Gas Co.; also by exchange the United Traotion stock. On
Deo. 4. 1901, stockholders authorized an increase to $36,000,000
throngn the Issue of $15,000,000 additional oommon stook. The in¬
crease was mainly for the purpose of
acquiring the shares of the Con¬
solidated Traotion Co. and the Southern Traction Co. V. 73, p. 1112.
Tn Aug.. 1906, authorized common stock whs further increased to
$36,000,000, mainly to provide for the purchase of the Beaver Valley
aDd Washington
Canonsburg Ry. V. 82, p. 1323.
Traction Co.
Stockholders in Sept., 1906, were offered the right to take $3,240,000
stock at par. See V. 83, p. 492.
the
$6,500,000 bonds of 1899 (mortgage trustee,
Maryland Trust Co.) $4,000,000 was issued at onee in part payment
for the stook of the Allegheny County Light and Chartiers Valley Gas
Co., and $1,000,000 were originally reserved to retire the $1,000,000
bonds of the Allegheny County Light and East End Electric bonds,
hut $17,000 of those bonds have been acquired. The balance,
$1,500,000, was expended for improvements an A additions. The
bonds were in Oot., 1899, listed on the Philadelphia Stook Exohange,
and are also listed on the Pittsburg Stock Exchange. The Philadelphia
Company stook has been listed on the New York Stock Exohange
since October, 1886, and is also listed on the Phlla. Exohange. See
common
Bonds—Of
application to the N. Y. Stook Exchange in V. 70, p. 1198, and also
in Chronicle of Feb. 22,1902. Of the $22,000,000 bonds of 1901,
$6,500,000 are reserved to take up the $6,500,000 1st ool. tr. bonds,
$12,000,000 were to acquire the pref. stock of the Consolidated
Traotion Co. and $3,500,000 are for improvements, betterments, ex¬
tensions, <feo., out of whioh there has been issued for betterments to
property of this company $1,625,000; Un. Trao. Co., of Pitts., $150,000;
Cons. Trac. Co.. $650,000, Pittsburgh Railways Co., $875,000, and Al¬
legheny County Light Co., $200,000.
Notes—The $1,050,000 notes are dated Apr. 1,1905, and are secured
by deposit with the Guarantee Tr. <te 8. D. Co., Phlla., of 201,000 shares
of Un. Trac. Co. com. stock; $300,000 matured Apr.l, 1906, and $150,000 Oct. 1.1906; $150,000 matures semi-annually, to and Including
Apr. 1, 1910. Notes maturing subsequent to 1907 are redeemable at
par and int.
Linear Tax Decision.—For deoision of Supreme Court of Pennsyl¬
Shares.
Total Issue.
United Traction Co. of Pittsburgh....339,999 Common out of
340,000
Consolidated Gas Co. of the City of
Pittsburgh (owns stoek of Allegheny
vania deolaring the linear tax ordinance invalid, see V. 80. u. 1729.
Illuminating Co.)
**
“
x80,C00
80,000
LATEST Eapninqs—For 12 months ending Dee. 31,1906, of Philadel¬
Chartiers Valley Gas Co
x29,850
'•
“
30,000 phia Co. and all affiliated corporations:
Pennsylvania Natural Gas Co
19,822
“ .
“
20,000 Cal.
Gross
Cther
Net
All
BaL for
Pref.
Equitable Gas Co. of Pittsburgh
13,774
“
“
14,000 Year— Earning*. Earnings.
Inc ome.
Charges
IHv'd.
Com. Stock.
Equitable Gas Co. of Pittsburgh
4,908 Preferred
“
6,000 1900... $Ih,2v?3,538 ' $7,116,670
*3:7,072
*4,381,992
*299,9118
*2,711.263
South Side Gas Co
15,016 Common
“
10, <: 53,726
6,480.048
20,000 1906
849,044
291.403
4.2rt0.!21
2.283.478
The Allegheny Co. Light Co
xl5,000 Common
“
15,000
Report—Report for year ending Mar. 31,1906, was in V. 82, p. 1099
Fairmount
Graftou Gas Co
3,000
“
“
3.000 The company in 1905-6 sold 32,962,947,370 cubic feet of
gas
Allegheny Heating Co
x2.664
“
“
5,000
1905-06.
1904-05.
1903-04.
1902-03.
Consolidated Traction
y232,760 Preferred
“
240,000
Receipts—
$
$
Consolidated Traotion
$
$
y284,299 Common
“
300,000
From gas
Union Gas Co. of McKeesport
4,674,851 4,300/42 4,377,399 3.769,163
16,000
“ being all (he stock.
From oil
Mt. Washington St. Ry
98,950
196,331
158,492
161,155
30,000’
“
•*
Allegheny Bellevue A Perrysville Ry. 5,000
“
“
Total receipts
4,773,80L 4 496,373 4,535,891 3,930,318
Pittsburgh Railways Co
50,000 Preferred
*•
Operating exp. & taxes.. 2,053,789 1,938.180 2.067,006 1,758,172
Pittsburgh Railways Oo
50,000 Common
“
Improvements, etc
993,143
872,475
612,313
572,227
Pittsburgh <fc Char. St. Ry. Co
£0,000
*•
**
Southern Heat, Lt. <fe Power Co
“
6,000
“
Total expenses
East McKeesport St. Rv. Oo
3,046,932
2,810,655 2.679,319 2,330,399
“
“
5,000
Braddock Gas & Lt. Co
Net earnings
5,000
“
“
1,726,869 1,685,718 1,856.572 1,599,919
Seventeenth St. Incline Plane Co
Div. on stocks owned....1,518,689 1,484,281 1,407,440 1,424,198
5,000
“
“
Suburban Gas Co
ReDta & miscellaneous... 340,833
“
2,000
“
258,216
213,606
123,486
Low Pressure Gas Co
1,000
“
“
American Transfer Co
Total
1,000
“
**
3,586,391 3,428,215 3,477,618 3,147,603
Consumers’ Heating Co.
Deduct—
“
“
l 000
Mansfield & Chartiers Gas Co
Rentals of leased lines and
500
“
“
other deductions
Morningside Etectrio Street Ry. Co..
480
“
“
205,944
91,401
131,853
118,622
Intereston funded debt.. 1,032,310
Duquesne Natural Gas Co
“
200
“
992,858
921,481
863,283
Fuel Gas Co. of the County of Alle¬
gheny
200
“
“
1,238,254 1,084.259 1,053,334
981,905
Mifflin Natural Gas Co
Balance
**
200
“
2,348,137 2,343,956 2,424,2e4 2,165,698
Tarentum Light <fe Heat Co
100
“ *
“
Premium on bonds sold...
14.133
1,415
105.625
Carpenter Natural Gas Co
“
100
“
Discount on notes sold
63,060
67,500
Penn Fuel Co
“
“
100
Profit on realty sold
2,000
Acme Gas Co
100
“
“
Deferred div. on Consol.
Braddock Fuel Co
70
“
*•
Tract, stock received...
698,184
AomeFuel Co
70
“
“
The Philadelphia Co. of West Va
xlO
“
•*
2 299 210
2,345,371 2,356,784 2,971 507
Tustln St. Ry. Co. (no bonds out)
24
“
“
Div. on com. stook (6%)
1,737,147 1,737,139 1.702,931
Beaver Valley Traction Co
“
“
21,500
Div. on preferred stock.. 294,679
287,238*
287,237
287,251
Ben Avon & Emsworth St. Ry
2,000
“
“
Washington & Canonsburg Ry
20,000
“
“
Balanoe
235,962
332.407
320,987
981,325
All of the above shares marked thus, x, are in the hands of
Charged oft...
a 360,569
47.220
the
Maryland Truet Company, trustee uuder the first mortgage and col¬
lateral trust dated March 1,1899. Those marked y (with the
235,962
320,987 def.28;162
934 105
exception Surplus for year
of 37.015 shares Consol Tract, common held in
treasury of Phlla.
a Value of capital stook of elev. and surface
railway
cos. charged off.
as
Co.) are held
securit\ for the collateral trust bonds of 1901, and these
Earnings—of the companies controlled by the Philadelphia Company
latter bonds are also a second lien on the shares marked x.
(namely, the Consolidated Gas Co. of Pittsburgh, Allegheny County
*
According to balance sheet or June 30, 1906, the value of stocks of Light Co., Equitable Gas Co., Braddock Gas &
Light Co. and Pittsburgh
other companies owned at that time was $43,247,640.
Rys. Co.) for the fiscal years ending Mar. 31. 1906, 1905 and 1904.
...
...
...
........
..
l|768!569
Feb.,
1903-04.
1904 05.
1905 06.
$11,97 ,542 $10,969,575 $11,153,952
Gross earnings
6,874,470
6,448,120
6,505,632
Net earnings..
Other income
$5,096,072
$4,521,455
$4,648,320
Total Income
Fixed chges and other
$5 253 095
deduct’ns. 14,758,879
Net income
Dividends on common
Phlla. Co.’s propor. of
$494,216
stock
$178,927
above div.. *$173,774
Operating expenses
and taxes
157.023
208,015
168,192
$4,689,647 $4,856,335
t4,506,950 14,326,562
$529,773
$110,890
$182,697
$178,927
*$110,661
*$178,774
^Included in “dividends on stocks owned” in the statement above,
t Includes dividends on preferred sto' k
Dividends. > 1894. ’95, ’96. ’97. ’98. *99 1900 ’01 ’02 ’03 ’04 ’05 ’06.
Percent. <
None.
4 4*
5
5
5
5* 66
666
The foregoing dividends are for the common stook. The pref. was
created in 1899, and first semi-annual payment of 2* p. o. was made
in Sept., 1899, and have been regularly continued since then.
Reed, President; James D. Gallery, Vioe-
OFFICERS, Etc.— J. H.
President (also President of the Pittsburgh Railways Company); J. F.
Guffey, General Manager; C. J. Braun Jr., Treasurer; W. B. Carson,
Secretary; C. S. Mitohell, Auditor. Directors: Messrs. Reed, Callery,
MeCague. C ok. Rhodes, Reilly, Frazier, Bowdoin, Guinness and Cal¬
houn.
Office, 435 8ixth Ave , Pittsburgh, Pa —V. 83, p. 324, 380, 492,
752; V. 84, p. 106, 272.
(1) PITTSBURGH RAILWAYS CO-A trolley road.
This was formerly the Southern Traction Co., but in accordance with
the authority vested in it by the terms of its charter, the directors of
the Southern Traotion Co. on Deo. 30, 1901, voted to change the name
of the company to the Pittsburgh Railways Co. The Philadelphia Com¬
had previously aoquired all the stook, common and pref., of the
Southern Traotion, In accordance with terms in V. 73, p. 1112.
pany
The Southern Traction Co. was chartered in 1900 to take over, ex¬
tend and operate the West End Traotion lines, which were purchased
in
Aug., 1900, for $4,500,000
Pittsburgh A Castle 8hannon RR. for 99 years, rental
being $15,000 per aunnm. See V. 81, p. 778.
The folio wing securities (being in each case the entire issue) are owned:
50,000 shares common stook of the West End Traotion Co.
50,000 shares preferred stock of the West End Traction Co.
120 shares capital stock of Virginia Ave. Street Ry. Co.
*‘
“
400
“
McKees Rocks & Ingram 8t. Ry. Co.
“
“
McKees Rocks & Neville Isl. St. Ry. Co.
300
“
12o.
“
“
“
Grafton A Chartiers Valley Tract. Co.
400
“
“
“
Pitts. Banks’lle A Mt. Lebanon S. R. Co.
“
“
“
100
Carnegie Bridge Co.
By the terms of an operating contract, effective January 1,
1902, the Pittsburgh Railways Co. assumed control of ai l the
properties of the Consolidated Traction Co., the United Trac¬
Leases the
tion
Co. of Pittsburgh and their underlying companies.
Road—The Pittsburgh Rwys. Co. opeiates 518 64 miles of track in
Pittsburgh and outlying boroughs. Equipment consists of 1,043 closed
ears, 626 open oars and 150 miscellaneous oars.
STOCK and Bonds—
Date. Interest. Outstand’a.
Maturity.
Common stock, $2,500,000
$2,500,000
2.500,000
Pref. 5 p.c.cum.,$2,500,000
Car
trust
ill ooo\ 1
eiriA non
s
’
’
5g. J-D
360,000
See text.
Int. at Brown Bros & Co , N. Y. & Phila.,
C 1905
*400’000 ](.
or at co’s office, Colonial Tr. Co.,Pitts ,tr.
Bonds — Car trusts in table above mature $40,000 annually from
1907 to 1915, inclusive.
Debt of old Southern Traction Oo.
So. Trac. 1st M. coll, tr., g. ( 1900 5 g. A-O $3,875,000
Oct. 1, 1950
’
Co., Pittsburgh, Trustee.
£04,000 Jan. 1. 1938
$1,500,000
l Int at Union Tr.Co., Pittsburgh, Trustee.
Underlying loans of West End Traction Pittsburgh Crafton AMans-) 1894 5
J-J
198,000 July 1, 1924
field 1st M...
\ Int. at Pittsburgh Trust Co., Pittsburgh.
c* ( Int. at Union Tr.
West End Traction Gen. M. 51898 5
J-J
$4,000,000 ($1,000)
Pitts A. West End 1st M
1892 5
J-J
500,000 July 1, 1922
Bonds.—The Southern Traction mortgage cannot be called be¬
fore maturity. The $125,000 unissued Is held for betterments and
..
Improvements. The Farmers’ Deposit National Bank of Pittsburgh
1900. See V. 71, p. 864. Of the
portion of the 5e of 1898 of the West End Traction still unissued, $696,offered the bonds for sale in Ootober,
000 are reserved to retire underlying bonds.
Annual Report—All oompanies owned, controlled and operated by
Pittsburgh Railways Co. for years ending March 31,1906 and 1905:
1906.
1905.
1906.
1905.
$
$
$
$
Gross
9,512,615 8,569,477
Net
3,9V4,613 3,418,► 32
Other Income.
84,556
95,719
Total income 4,069,169 3,514,551
Interest
1,676,104 1,582.833
Rental, Un
...
Traction
520,784
552,189
Rent., Con.Tr 1,515.198-1,4 95,848
Mlso.,1nt., Ac.
196,638
282,780
Balance
sur.42.898df.281,552
OFFICERS —President, J. D. Callery; 1st Vice-President, J. H. Reed;
2d Vice-President, 8. L. Tone; Secretary, W. B Carson; Treasurer, C. J.
Braun Jr.; Auditor, C. 8 Mitchell. Directors, J. D. Callery, J. H.
Reed. Joshua Rhodes. Patrick Calhoun, Geo. E. McCague. Geo. H.
Frazier, H. J. Bowdoin, J. C. ReiUy, Geo. W. Bacon -V. 73, p. 554; V.
,
80, p. 1861.
( ) MOUNT WASHINGTON STREET RY.-A trolley road.
Organization.—Incorporated in Pennsylvania on Oct., 8,1901, and
later absorbed the Sycamore Street Ry. Also owns the entire ($500,000) capital stook of the Mount Washington Tunnel Oo. Stook of the
Mount Washington Street Ry. is owned by the Philadelphia Co. The
road is leased to the Pittsburgh Railways Co. for 995 years from April
1,1903, for al’
barges, Including bond interest.
Date.
Interest. Outatand'g.
Stock & Bonds.on
BLAG GGG
Stock, $1,500,000, $50...
1st mtge. A col. tr.,
$1,-)
500,000,gold ($1,000), >
Guar. P. A I....
c* )
1903 5 g. A-O
Penn. Co. for
1,500,000
Maturity.
Apr.*
i* 1933
Lives and
TnHuranoes on
Granting Annuities. Phila trustee.
interest, by endorsement, by
in New York, Pittsburgh and
Philadelphia No sinking fund and bonds cannot be called. The
stook of the Tunnel Co. has been pledged as collateral under this mort¬
_
.
Bonds are guaranteed, prinotpal and
the Philadelphia Co.
Interest payable
gage.
See V. 76,
p.
1143.
Road—Operates about 6* miles of track from Pittsburgh to Mount
Lebanon. Gauge, 5 ft. 2 * in. V. 80, p. 222.
(2)
UNITED TRACTION CO.Organization.—Incorporated on July 27,1896, and in June, 1897,
purchased all the property and franchises of The Second Ave. and North
Side traction oompanies, and seoured control of the Pittsb. Allegheny
A Manchester through a lease for 950 years and the purohase of its
stock.
V. 65, p. 27. The Federal St. A Pleasant Valley Passenger
Ry. is controlled through its lease for 950 years to the North Side
Traotion. In 1902 leased the Pittsburgh & Birmingham Traotion Co
and the Pittsburgh A Charleroi 8t. Ry.
In Mar.,
1899, the Philadelphia Co. offered to give
$6,375,000 of its
stock in exchange for the $17,000,000 common stock of the
United Traotion. See V. 68, p. 479. In Oct., 1899, exchange of stock
under this plan was begun and 339,999 shares have been acquired.
On Jan. 1, 1902, the Pittsburgh Railways Co. took over this prop¬
erty, and, under the terms of the operating contract, agrees to pay
current dividends of 5 p. 0. on the pref. stook and 1 per cent on the
common stock.
The agreement lasts until Jan. 1, 1907, and there¬
after until terminated by three months’ notice from either party.
common
83
STREET RAILWAYS
1007.]
Date. Interest. Outstanding. Dxv.itrMat.
STOCK <Sc Bonds
Com.stock,$17,000,000 (50)
$17,000,000 Jan..’07, *p.o.
Pref.cum., $3,000,000 ($50)
3,000,000Jan ,’07,2Hp c.
J-J
United Trac. gen.m.gold, >
1897 5 g. J-J
4,750,000
J’y 1,1997
$10,000,000 ($1,000).0* S Maryland Trust Co., Baltimore, Trustee.
.
Interest is
payable in New York City.
1,503.000 Oct. 1,1930
2,030,000 Dee. 1,1934
gold ($1,000)
o* \ Maryland Trust Co., Balto., Md., Trustee.
Interest at Brown Bros. & Co., N. Y., or A. Brown A Sons, Balto.
2d Ave. Pass. Gen. mort
1889 5 J-J
120,000 July 1, 1909
1893 5
300,000 July 1, 1933
2d Ave. Traotion Co. M
J-J
A-O
Braddook A Turtle Cr’klst. 1891 6
50.000 April 1,1911
Loans payable June30,’06
—
1,270.013
5
AJleg. A Manch
Pitts.
5 1894 5g. J-D
Second Ave. Trao. Mort.
The United Traction receives the entire earnings of
Pitts. A. A M. and Seoond Ave. traotion oompanies,
annual charges of $263,000, as shown above.
the North Side,
subject only to
Dividends—On preferred are 5 p. c. On common, ^ p. c. paid Jan
2,1903, and * p. 0. each six months since then, to and including
Jan., 1907.
Boiuls—The new United Traotion mort. is limited to $10,000,000;
bonds oannot be redeemed before maturity; Maryland Trust Co. of
Baltimore is trustee. Of these bonds, $5,250,000 are reserved to
retire the divisional bonds above mentioned. Bonds are listed on
the Philadelphia and Baltimore Stock Exchanges.
Road—The miles of track owned and consolidated are:
Miles.
63*83
31*84
Second Avenue Traotion
North Side Traotion
21*45
Pittsburg Allegheny* Manchester Traotion
117*13
Total
REPORT—Not now an operating ooinpany.
OFFICERS.—President, James D. Callery; Vioe-President, J. H.
Reed; Seo., W. B. Carson; Treas.,C. J. Braun, Jr.; Auditor, C. 8. Mitchell.
Office, Pittsburg, Pa. Financial Agents, Alexander Brown A 8ons,
Baltimore, Md.-V. 70, p. 329; V. 71, p. 180, 1271; V. 73, p. 390.
Lines controlled by United Traction
Co.
(a) FEDERAL ST. & PLEASANT VALLEY RY.-Trolley.
Organization—Incorporated Feb. 20,1868, and has sinoe consoli¬
dated its various subsidiary oompanies. The franchise is perpetual.
The North Side Traotion Co. on July 20, 1896, leased the Federal
Street A Pleasant Valley for 960 years, assuming its debt, and agree¬
ing to pay as rental all taxes, rentals, etc., and also
yearly
in
$70,000
and July 15, equal to 5 per cent on the
$1,400,000 stock, of which it owns $752,650. V. 63, p. 31, 76,189.
Date. Interest. Outstand’g.
Maturity.
STOCK & Bonds—
Stook (par $25) full paid
5 J-J $1,400,000
8ee text.
Consol, mort., $1,250,000,51892
5g.J-J
992,000 May 1, 1942
g., $1,000, on 28 miles..*e (Int. at Fidelity Title A Tr. Co., Pittsburg.
cash, payable January 15
Underlying mortgages—
Observatory Hill 1stM
People’s Park Pass
1887 5 J-J
1882 5 J-J
43,000 July 1,1907
24,000
1913
5 J-J
5
5 J-J
5 J-J
23,000 Nov. 1,1920
34,000
1920
4,000 Nov. 1,1920
41,000 Nov. 1,1920
1889
Allegheny & Bellevue 1st M. 1890
Allegheny St. 1st mortgage. 1890
Perry St. 1st mortgage
1890
Troy Hill 1st mortgage
1890
Fed. St. A PI. Val. mort
5
J-J
89,000 July 1, 1919
Bonds—The consolidated mortgage of 1942 is for $1,250,000, of wliioh
the balanoe unissued is in the hands of trustee to retire all the other
Issues; mortgage trustee is the Fidelity Title * Trust Co., Pittsburgh.
ROAD—Embraces 33 miles of track (including sidings) on
rails mostly 90-lb. girder.—V. 63, p. 189.
about
17 miles of street;
(b) PITrSBURGH A BIRMINGHAM TRACTION.-A trolley road.
On Jan. 1, 1902, leased for 999 years to the United Traction Co.,
which has agreed to pay all interest, taxes, eto., and also $150,000
annually as rental. Lease is guaranteed by the Philadelphia Co.
Organization—Incorporated Aug- 15, 1889; Nov. 19,1889, leased
P. & B. Passenger Ry., including South Side Pass. Ry. Co. Has also
leased and operated sinoe Deo., 1891, Pittsburgh Incline Plane Co. and
Mt. Oliver Incline Plane Co.; operates also Birm. Knoxville A Allen¬
town Traotion Co. In Aug., 1900, purchased the $400,000 capital
stock of the West Liberty Street Ry., and constructed a line to Mt.
V. 71, p. 343.
Lebanon.
Stock & Bonds.—
Date.
Interest.
Outstand'g
Maturity.
Text.
$3,000,000 See text.
gold, 5s... i 1889 5 g. M. - N.
1.500,000 Nov. 1,1929
($1,000)
o* 5 Fidelity Trust Co. of Philadelphia, Trustee.
B’ds,$12,000.p’d y’rly
5
A-O
71,000
Stook ($50)
1st mort.,
....
Guaranteed bonds—
Birm Knox. A A. 1st M. >1891 6 g. M
gold, interest guar.. 5 Fidelity Trust
-
Bp7iS.?ii®rtAVe- 8t ] 1J*96 5
West
500,000 Sept. 1, 1931
- S
Co., Phila., Trustee.
F-A
300,000 Aug. 1, 1926
400,000 July
Liberty Si'* Ry.*> 1900 5 g.
J-J
1st mortgage
5 Pittsburgh Trust Co., Trustee.
Road—Operates 33*80 miles of track, laid with 90-lb. rails, as
1, 1930
follow*.
Brownsville Ave. Ry. (all its $300,000 stook
owned), 7*33 miles; inolines, 2 miles.
Annual Report-Not now an operating company.—V. 69, p. 332,
334; V. 71, p. a43; V. 72, p. 776.
Line* Leased to Pittsburgh A Birmingham Traction.
MT. OLIVER INCLINE RY.—Owned, leased and operated by Pittsb.
A Birm. Trao. Co. Stook, $L00,000. Bonds, lstM. 6s, M. A N., due Nov.
1.1901, $44,500. Up to Februai y, 1907, these bonds not taken up.
PITTSBURGH INCLINE PLANE—Leased for 999 years to Pittsb.
A Birmingham Traction Co., at rental equal to interest on bonds and
Mam line. 24 miles;
10 p. c. on $150,000 stock, free of
for some time, balance being carried
to 10 p. c.
tax; dividends were 9 p. o. yearly
to surplus; but latterly increased
Date. Interest. Outstand'g.
Maturity.
Q-F $150,000
See text.
1st M., $1,000 each
o* 1889
6 J-J
150,000
July 1, 1919
( 1890
6 J-J 100,000
June 1,1910
2nd mortgage
< Subject to call on any June 1 after 1894.
(Int. at Fidelity Trust Co., Phila., trustee.
Road—Road extends from Forty Hill, Pittsburgh on Bradford
Street to Washington Avenue, on top of hill.—V. 71, p. 343.
Stock db Bonds—
Stook, par $100, full paid
(c) PITTSBURGH A CHARLEROI STREET RY.—A trolley Road.
ORGANIZATION—Incorporated April 19, 1902. and took over the
leased to the United Traotion Co. for
900 years from May 15,1902. Rental is $1.00 > per year. Bonds are
guaranteed principal and interest by the United Traction Co. and
the Philadelphia Co. The entire issue of bonds was offered by T.
Mellon & Sons and the Union Trust Co. of Pittsburgh in May, 1902.
Charleroi & West Side Ry.; is
Date.
Interest. Outstanding.
Maturity
Stock & Bonds$2,500,000
stock, $2,500,000 ($50)..
5 p. c.
75,000 Sept. 1,1929
Chari. & west Side 1st M.
5g M-N
2,425,000 May 1,1932
Pitts. & Chari, 1st M. $2- 11902
500,000 g. ($1000:....o* i Int. at Union Tr. Co., Pittsburg, Trustee.
Bonds—Of the Pittsb & Charleroi bonds, $75,000 is reserved to retire
a like amount of Charleroi & West Side bonds.
See V. 74, p. 1039.
Road—Operates a road between Pittsburgh and Allenport, by way of
Castle Shannon, Finleyville, Monongahela City and Charleroi, a dis¬
tance of 34* miles. Completed in Sept., 1903.
OFFICERS— President, J. D. Callery; Secretary, W.
O. J. Braun, Jr.-V. 74, p. 1039, 1090; V. 76, p.
urer,
B. Carson; Treas¬
752.
((ba))CALENETGRHALNY
rgl
(3) CONSOLIDATED TRACTION-Trolley road.
ORGANIZATION—Chartered July115, 1895.
The compai y
the Fort Pitt Traction. Co. and assumed its leases of
absorbed
the Citizens’ aDd
Traction companies, and has acquired the control of the
Pittsburgh, the Duquesne and the Central Traction companies. In
1902 leased the Monongahela St.Ry. and the Suburban Rap Trau. St. Ry
On Dec. 4,1901, stockholders of Philadelphia Company approved
the Allegheny
((cd))CDIUTQZEENSSN'
Elan
V. for
absorbing
the shares
of common
the Consolidated
Traction.
terms
73, p.
1112. 284,299
shares
and 232,760
shares See
preferred
I
have been
so
exchanged.
Interest.
Outstanding.
Par.
Dividend.
Common stock
$50
J-J
$15,000,000 Jan., 1907,1%
Pf. stockt6p.o. cum.
50
12,000,000 Oct.,1906,3%
6 A&O
Notes payable June 30,1905, $450,000.
The preferred stock carries cumulative dividends of 6 per cent per
annum, and has the right to participate equally with the common stock
when that has received 6 per cent. All arrears of dividends were
paid up in Jan., 1903. V. 76, p. 48. First dividend of 1 p. o. on common
raid Jan. 2, 1903; then 1 p. c. July, 1903.
In 1904,2 p. c.; in 1905,
2 p. o. In 1906. 2p. o
In 1907, Jan., 1 p. o.
Road -Controls about 126 miles of track in all.
Officers—President. J. D. Callery; Vice-Prest. J. H Reed; Seo.. W
B. Carson; Treas., C. J Braun Jr.; Auditor. C. S. Mitchell.—V. 72, p.
821, 872, 934,1080; V. 73, p. 553, 723; V. 76,p.48; V. 79, p. 627.
STOCK—
Line* controlled by
Consolidated Traction,
TRACTION.—
Organization—Incorporated July 23, 1890.
April 1, 1896, this
oompany was leased to the Fort Pitt Traction Company for 950
years at a rental of $25,000 per annum.
Date. Interest. Outstand'g. Lastdiv.,etc.
STOCK & Bonds—
8took, $500,000, par $50
5 p. o.
See text.
$500,000
Guaranteed bonds—
Millvale Etna A Sharps-)
1893 5g. M-N 750,000
Nov. 1, 1923
burg 1 stM. $750.000,g. s Int. at Pittsburgh Tr. Co., Pittsb’gh, Trustee.
Dividends-The semi-annual dividend of 2^ p. o. due June 1,1901,
was passed, the proceeds being used to pay off the floating debt.
In
1902, 4*9 p. c. In 1903, 1904, If 05 and 1906, 5 p. c.
Road—Including Millvale Etna & Sharpsburg, 18^ miles of road.
TRACTION.—Trolley.
LEASE—incorporated Dec. 21, 1888.
Leased from April 2, 1896, to
the Consolidated Traction for 950 years at 3 p. c. per annum on par
value of $1,500,000 stock, see V. 61, p. 1154—and in May, 1896, stock¬
holders were offered privilege of exchanging their stock for receipts,
whloh were redeemed at $30 per share on Oct. 1,1896, in Consolidated
Traction Co. preferred stock at par. 29,133 scares of Cent. Trao. stock
exchanged. V. 62. p. 1087.
STOCK db Bonds—Miles. Date. Interest. Outstanding.
(out of 30.000) have been so
\
text
Maturity.
\ 30,000 shares>
Stock-par $50, >
see
g
te
t
Bee text*
3%A-03i \ 30 paid up. $
lstM.$375,000 (
5J-J
'6
1889
$375,000 July 1, 1929
cable line $500 (Interest at Union Trust Co., Pittsburgh.
Bonds of Central Passenger Ry. controlled.
1st M. $250,-)
4
1894 6 A-O
125,000 Oct. 1, 1924
000, $1,000.. s Interest at Union Trust Co., trustee, Pittsburgh.
Dividends— Feb. 1,1892, $2 50 in stock; in 1896, Feb., 2 p. o. in cash;
In 1898, Nov., I1* p. o. in cash; in 1899 and since 3 p. c. per year.
ROAD—8*5 miles of road, of which it controlled by ownership of
capital stock, Central Passenger Ry., 3^ miles. —V. 62, p. 948, 1087.
TRACTION—A trolley road.
On Sept. 1, 1887, pur¬
capital stock ($200,000) of the Citizens’ Passenger
ORGANIZATION—Incorporated July 6, 1887.
chased the entire
Ry., which it now holds.
LEASE—Leased from Nov. 1, 1895, to Fort Pitt Traotion Co. (now
Consol. Traotion) for 950 years at 6 p. o. per annum on $3,000,000 cap
ltal stock. In addition the lessee agreed to pay a floating debt of $175,
000, and at maturity mortgage debt. V. 61, p. 661.
STOCKS & Bonds—
Date.
Stook ($50) fully paid
1st mortgage ($1,000) (
1887
Not subject to call. ( Fidelity
Outstanding.
Interest.
Maturity
6 M.-N.
$3,000,000 f.p.
See text.
5 A.-O.
1.250,000
Oct. 1, 1927
Title A Trust Co., Pittsburgh, Trustee
\
Purchase money mortgs
30,000 mwed tonm on
Bonds of lines whose stocks are oioned.
Penn St. Pass. Ry. 1stM. 1892 5 J.-D.
250,000
June 1, 1922
Interest and dividends payable at Union Nat. Bank, Pittsburgh, Pa
ROAD.—Owns 30*5 miles of track on 15 miles oi street.—V. 60. p.930;
V. 61, p. 112.516, 661.
TRACTION—A trolley road.
LEASE—Incorporated Jan. 25, 1890.
Leased from April 2,1896, to
the Consolidated Traction for 950 years at 4 per cent on the $3,000,000
stock, but dividends for a year and a-half were withheld for payment
of floating debt of $180,000. In May, 1896, stockholders were allowed
to exchange their stock for receipts, redeemed Oct. 1,1896, at $37 per
share in 6 per cent preferred stock of Consolidated Traotion Company
at par. 52,535 shares out of 60,000 have-been so exchanged.
See
Y. 62, p. 1087.
Date. Interest. Outstanding.
Maturity.
nnlH 5
-----Text.
$3,000,000
866 t6Xt.
paid
J Div payable at Fidel> 'ntie & Trugt Co., Pitts’h
STOCK & Bonds.—
Btnnb /djem fnllTr
Stook
($50) fully
1st
ist mortgage
mortgage
o.
^
1890
5 J- "J-
1.500,000
July 1, 1930
Fidelity Title A Trust Co., Pitts., Trustee.
5 per cent, JAJ.bu in 1893 and 1894 none paid;
Dividends were
In 1895,4 p. o.; in 1896, none; in 1898, 3 p. o.; in 1899, 4 p. o.; in 1900,
4 p. c.; in 1901, 4 p. c ; in 1902, 4 p. c.; in 1903, 4 p o.; in 1904,4 p. c.
In 1905, Apr. 20, 2 p. c ; July,2 p. c.
In 1906, Apr.. 2p e.; July,2p. c.
ROAD—Ac time of lease in 1896 controlled 11 companies, having
333,# miles of road.
—V. 60, p. 930; V. 61, p. rjj, 794,1154; V. 62, p. 948,1087.
(p) FORT PITT TRACTION—See Consol. Traction Co.
(f) MONONGAHELA STREET RAILWAY—
SRGANIZATION—On
May 26,Homestead
1898, absorbed
by consolidation
Braddock the
enley Park A Highland,
& Highlands,
A
Homestead, and the Braddock A Duquesne.
In December, 1901, the Monongahela Street Ry., the Wilkinsburg A
East Pittsburgh 8treet Ry., the Wilkinsburg A Ven na Street Ry. and
the Pitcairn A Wilmerding Street Ry. (construction of latter two roats
completed during year 1903 04), were merged in the Monongahela
Street Ry. and stock was increased from $1,000,000 to $7,000,000
See V. 73, p. 1112. On Jan. 1, 1902, the Monongahela Street Ry.
was leased for 99-* years to the Consolidated Traction Co. for interest,
taxes, etc., and an annual rental beginning with $165,000 the first
year and increasing $18,750 each year until $315,000 is reaoh6d.
Lease is guaranteed by Philadelphia Co. First dividend under lease
(2 per cent) was paid in July. 1901. See V. 79, p. 269.
In 1905, Jan.,
l^j p e.; July l:%p. c.; in 1908, 3.26 p. o.
STOCK & Bonds— Miles. Date. Interest. Outstand'g.
Maturity.
8tock, $7,000,000
See text $7,000,000
8ee text.
Mon. St. Ry. Istmort.,) 17
1898 5g. J-D
1,000,000 June 1, 1928
$1,000,000, gold— s
Union Trust Co., Pittsburgh, Trustee.
Wilk. &
E. Pitts. M.,)
$2,000,000,gold($1,- >
..
1899
5g. M-S
1901
5g. J-D
2,000,000 Sept. 1,1929
000)
c.tr)
Wilk. & Ver. M.,$700,- )
000, g. ($1,000) Citr ) **
Pit &Wil
M
$700,.)
000, g. $1,000...c.tr s **
,
[VOL. LXXX.1V.
STREET RAILWAYS.
84
1901
5g. J-J
602,000
554,000
June 1,1931
July 1, 1931
Wilks. A
Ry. Co.,
Monongahela St. Ry. Co., Consol. Trao. Co. and Phila. Co. of Pltteb.
gages and interest is payable at Mellon National Bank
The
Ver. bonds are guaranteed, p. and i., by Wilk. & E Pitts. St.
Road—Owns 61.2 miles of track, including branches; 90*lb. rails.
Report—Not now an operating company.
OFFICERS—President, W. L. Mellon; Vice-President, A. W. Mellon;
Treas., W. S. Mitchell.-V. 72, p. 776; V. 79, p. 269, 627, 735.
(g) PITTSBURGH TRACTION—A trolley road.
Organization—incorporated April 30,1887.
Lease—Leased from April 2,1896, to the Consolidated Traction for
950 years at 7 per cent on the $2,500,000 stock (see V. 61, p. 1154),
but lJc years’ dividends were used to pay floating debt of $250,000.
The full 7 p. c. is now being paid.
In May, 1896, stockholders were
offered receipts for their stook, which were redeemed at $70 per share
on Oct.
1, 1896. in preferred stook of Consol. Traotion Co ; 49,500
shares out of 50,000 have been so exchanged
See V. 62, p. 948. Pitts¬
burgh Traction owns the $250,000 capital stock of Bloomfleld St. Ry.
and guarantees the bonds.
STOCK & Bonds.—
Date. Interest.
$2,500,000 (par $50)
7 A-Oj;
Stock,
A*
c
ist mort. 58
) 1887
Outstanding. Last div.,etc.
See text.
Text.
5 A.-O.
$750,000
Oct. 1, 1927
& XrU8t Co., Pitts., Trustee.
£ Fidelity XItle
Ouaranteed bonds—
BloomfieldStreetRy.,l8t> 1893 5F.-A.
250,000 Aug. 1,1923
cur
c* S
Interest at Pittsburgh Trust Co., trustee.
Stock— Issued 50,000 shares, on which $38 each has been paid.
Dividends—At company’s office, Pittsburgh. Dividends in 1895,0
in 1896, none—see above. In 1898, 5^%: in 1899, and since, 7%.
Road.—Owns 12*67 miles of track. Bloomneld St. Ry. owns 3 miles,
p. o.;
(t)) SUBURBAN RAPID TRANSIT ST. RY.
Organization-Was leased on Jan. 1,1902, to Consolidated Traotion
annua) rental of $56,000, as well as paying all
charges, including interest and taxes.
Interest.
STOCK <fc Bonds—
Date.
Outstanding.
Maturity.
Stock, $1,400,000.
J-J
$1,400,000
Jan.,’07,2%
1st mort,, $200,000. > 1893
6 g. M-S
200,000
Sept. 1,1913
gold, ($1,000).
Int. at Safe Dep. & Trust Co., Pitts., Trustee.
c )
Dividend*.—In 1903, 4 p.c. In 1904, Jan., 2 p. o.; July, It* p. o. In
1905. 4 p. c ; in 1906, 4 p c.
In 1907, Jan., 2 p. c.
Road —Operates ll.29miles of track on 6 miles of street.
Co. f«»r 900 years at an
.
(4 t SEVENTEENTH STREET INCLINE PLANE CO.
OpQA* IZAT'ON—Is a reorganization on Deo 2*, 1904. of tiie Penn.
Entire stook is owned by the Philadelphia Co. Is
Incline Pjane Co.
operated by the Pittsburgh rtys Co.
Stock & Bo*ds—
Date.
Interest.
Outstand'g. Maturity.
$250,000
Stock, $250,000. $f0
1st mortgage, $125,000 ) 1905 '5 cur. M-S
125,000 Mar. 1, 1935
($1 000) guar
c' $ Int. at Colonial Tr. Co., Pittsburgh, Trustee.
Bonus— No s. t. and bonds are not
subject to call. Are guar., p. and
the Phildelphia Co.
OFFIC-RS— President, J. D. Callery; Vice-Pres.. 8. L. Tone; Sec., W.
B. Carson; Treas., C. J. Braun Jr.; Auditor, C. S. Mitchell.
i.. by
(5) BEAVER VALLEY TRACTION—A trolley road.
In
July, 1905, entire stock was acquired by the Philadelphia Co. of
Pittsburgh.
V. 81,
p
fO0.
ORGANIZATION—Incorporated in Penn, in perpetuity June 29, 1891,
and owne entire stock of Beaver Valley St. Ry. Co. and of Central Elect.
St. Ry. Co., purchased Aug. 8,1891, operating them as one road under
999-year lease. Charter and franchise perpetual.
In 1900 stock was increased from $300,000 to $1,000,000, and then
purchased the stock and property of the People’s Electric Street Ry.
of Rochester, the College A Grandview Electrio Street Ry., the Roch¬
ester <fe Monaca Electrio 8t. Ry. and the Beaver A Vanport Electric
8t Ry.; also owns entire capital stock of Rlverview Elec. St. Ry. Co.,
the Freedom & Conway Elec. St Ry. Co. and the Vanport Eleo. St.
Ry. Co none of which have any separate bond Issues. In Jan., 1902,
authority was given to increase stock from $1,000,000 to $1,500,000.
Date. Interest. Outstanding.
STOCK & Bonds—
Maturity.
St’k ($1,500,000) par $50
$1,075,000
1st mortgage, $150,000, S 1891
6 g. J-J
150,000
July 1,1911
,
.
..o tint, at
gold
Union Tr. Co., trustee,Pittsb’gh, Pa.
2d mortgage,gold, ($500), ( 1895 6 g. A-O
100,000
Oct. 1, 1915
U
o*
^
(Int.
J
at Union Trust Co., trustee, Pittsburgh.
$100,000
1900 5g. A AO
Oct. 1, 1950
oldXInt. at Pa. Co. for Ins.675,000
1st con. mortgage, gold
on Lives A Granting
$1,000,000 ($1,000)
-°TAnnuities, Phila., Trustee.
Gen. n ort., gold,
COO ($1,000).
$3,000,-
>
1903
5g
M-V
500.000
Nov. 1, 1953
o* s Int. at. Northern Trust Co., Phila., trustee.
6 MAN
50,000 May 1, 1912
People’s El. St. Ry. 1st. M g
6 F<fe\
25,000 Feb. 20,1915
People’s Eleo. Street Ry. s
2d mort. gold
(Interest at Union Trust Co., Pittsburgh.
Bonds—Ot the $1,000,000 consols, $325,000
to
are reserved
retire underlying bonds.
Bonds are redeemable at no and accrued in¬
terest', V. 71, p. 913.
Of the new general mortgage for $3,000,000,
$1,000,000 are reserved for prior liens and the remainder for ex¬
tensions and improvements at 75 p. c. of cost,
fhe new bonds are redeemablein any amount at any tirneat 110 and int. Seo V. '.7, p. 2158.
Road—Owns and operates 40 miles of track, connecting the various
towns and boroughs in the Beaver Valley, from Morado Park south¬
erly via Beaver Falls to Beaver and Vanport and to Rochester and
Conway. Laid with 90-lb. and 73-lb. girder rails. Owns 43 ears, with
street sprinkler and snow-sweeper.
EARNINGS— For year ending June 30, 1906, gross. $276,942; net
after taxes. $112 913; interest, $78,250; surplus, $34,663.
OFFICERS—Pres., J. D. Calbry Pittsburgh; Vice-Pres., 8. L Tone.
Sec’y, W. w. Carson; Treas., C. J. Braun Jr ; Auditor, C. 8. Mitchell —
V. 77, p. 1224, 2158; V. 81, p. 106, 1664, 1790.
(6) ALLEGHENY BELl EVUE A PERRYriVILLE RY.—
ORGANIZATION—Incorporated in Pennsylvania on Feb, 8, 1905. En *
tire stock is owned by the Philadelphia Co. Is leased to the Unite d
Traction Co. for 995 yeers from March 1, 1905, at a rental of 5 p. c.
on the stook.
STOCK & Bonds—
Date. InterestOutstanding.
Maturity.
Stoik, $250,0' 0, $50...
M-S
$250,000
5
Sept.,’06,5%
1st M $500,000, gold )
1905 5 g. A-O
500,000
April 1, 1935
($1,000), guar
o s Penn. Co. for Ins. on L. A G. A., Phila., Trust.
.
.
guaranteed, p. and i.. by Phila. Co. Interest is payable
office or by Brown Bros. A Co., N. Y. and Phila. No
sinking fund and bonds are not subject to call.
Road—Operates 8^ miles of track from Allegheny via Westvlew
to Bellevue.
Gauge, 5 ft. 2*2 in.
Bonds— Are
at company’s
(7) WASHINGTON & CANONSBURG RY—A trolley road.
Acquired by Philadelphia Company in Api il, 1906.
Organization.—Incorporated in Pennsylvania on June 2,
1902.
Successor on June 2. 1902, to the Washington Electrio Street Ry.
Controls the Washington A Pastern St. Ry.
Franchises perpetual.
STOCK & Bonds—
Date.
Interest.
Ou'sland'g.
Maturity.
Stock. $1,000,000. $50..
$1,000,000
Wash. El. St. Ry. 1st M. 1897
5 g.
125.0<>0
Feb. 1, 1927
1st mort.,- $650,000, ) 1902
5 g. J J
525,000
July 1,1932
gold
o.ter ( Tut. at North Am. Sav. Go.,- Pittsburg, Trustee.
Bonds r- A sinking fund of $5,000 per annum becomes operative after
5 years; $125,000 of the new bonds are reserved to retiie the bonds of
the
Washington Electric nt. Ry.
year ending June 30, 1906,
net, $56,t62; chaises, $32,500; surplus, $24,122.
Earnings—For fl«cU
gross,
$116,243;
■
STREET RAILWAYS
1007.J
Feb.,
and between Washington. Tylerdalc.
26 passenger cars, with work cars and snow plow-
Road—'Operates 12*3 miles in
and Canonsburg.
(8) MORNINGSIDE ELECTRIC 8T. RY.—
Organization—incorporated in Pennsylvania on July 14. 1904.
Entire sto jik Is owned by Philadelphia Co. Is leased to the Consolldoted Traction Co. for 995 j ears from Sept. 3 >, 1905, at a rental of
5 p. c. on stock.
STOCK & Bonds—
Date.
Interest. „ Outstanding. Maturity.
Stock, $24,000, $50
5 A.-O.
$24,000 S'ettxt.
*200 (1905
g. A.-O.
5
200.000 Oot.1.193*
1
\ Interest at office of Brown Bros. A Co.. Phila.
85
PITTSBURGH HARMONY BUTLER & NEW
CASTLE RY. CO —To be a trolley line
OkQaNIZATIO *—Is a consolidation iu 1906 of several small oompa¬
The Union Trust Co. of Pittsburgh
offered the bonds for sale in Sept.. 1906.
Stock and Bond*—
Date., Interest.
nies.
and Darr, Luke &
V. 83, p. 752.
Outstaniing.
Moore
Maturity.
$3,000,000
1906 5 g. J D
2.500,000 June 1,1936
gold ($1,000)
c* < Int. at Union Trust Co , Pittsburgh. Trustee.
Bonds—The $1,000,000 unissued are reserved for further extensions.
Road -Is building 65 miles of track from Pittsburgh, via Wexford,
Evans City, Harmony and Ell wood City to New Castle, with a branch
from Evans City to Butler.
Will enter Pittsburgh over traoks of the
000, go.d,guar. p.&i. ^ penn £»0 for jn8. on Lives A G A., Phila , Tr.
Pittsburgh Rys. Co. T »be completed about Sept. 1, 1907.
Road-Operates 3 1-3 miles of track. Gauge, ftft. 2*«in.
OFFICERS-Pres.. R. H. Boggs; Vice-Pres , W. A. Goehring; Treas..
Officers—Pres., Jas. D. Gallery: Vioe-Pres., S. L. Tone; Secretary
Stock. $3,000,000
1st mort, $3,500,000,)
mnrr™™
lat
n
W. B. ( arson;
Mark G. Hibbs.—V. 83, p.
Treas; C. J. Braun Jr.
(9 i RES AVON A EMSWORTH ST. RY.
Organization—Incorporated in Pennsylvania on June 17, 1903.
Entire stock i-* owned by the Philadelphia Company. Is leased to the
United Traction CompanjTof Pittsburgh for 995 years from Apr. 1st,
1906 at\5 p. o. on stock.
S^OCK and Bonds—
Date.
Interest
Outstanding.
Maturity.
A-0
$100,000
See text.
Stock
*100.000, *50
Int.
s
Ronds—Are
gnaranteed prin. and int. by the
in.
Gauge. 5 ft.
OFFICERS-Pres
R. Carson;
,
Philadelphia Co.
ixmout.
D. Gallery; vioe-Pres., 8. L. Tone; Sec’y, W.
Road—Operates 3*62 miles of
Jas.
Treas., C. J. Braun
track from Avalon to
Jr.
elec¬
Organization.—Incorporated in Pennsylvania on Feb. 17,, 1904,
and is a consolidation of the Pittsburgh McKeesport A Connellsvllle
Ry., the Uniontown <fc Monongahela Valle/ Ry., the Connellsvllle
Suburban Street Ry., the Greeusburg <fe Southern Eleetrio Street Ry.
and of 10 electrio-llghtlng companies in various cities and towns trib
utary to the road
In May, 1906, acquired the controlling interest in
the McKeesport & Duqiesne Bridge Co., and the entire capital stock of
Latrobe Street Ry. In addition to street railway, does electric-lighting and power business.
Franchises are for 999 years. N. W. Hal¬
sey A Co., of New York, and the Municipal & Corporation Securities
Company or Pittsburgh offered the bonds for sale in May, 1905. (V.
SO. p. 1914 )
Stock &. B ■'NDS—
Date, lutirext. Outstand'o- Maturity.
RAILWAYS CO.-Trolley and
PENN
WEST
tric
lighting.
Common.
$3,250,000
*3,250.000 ($100)
^SlOtb’750’000,5^n
C'£
M./$6,000,000, goidV
•—
5 QF
2,750,000 Feb.’07,1*4%
Jan 1,1931
4,360,500
Colonial Trust Co., N Y., Trustee.
P MoK. AL.,lst eon. M.,) 1901
5
J-J
2,938,000 Jan. I, 1931
$3,500,000 ($1,000), g. > Int. at Mercantile Trust Co., Pittsburgh,
) trustee.
Cannot he called
Con. 8ul». St. Ry. intge ) 1902
5 g. J-J
175.000 Jan 1.1932
»175.000 guar
s Int at Mercantile Trust Co Pitts Tr.
Bonds
In addition to the issues given above, there are $469,000
underlying liens outstanding, but as these will be taken up with a
lihe amount of new bonds, ive omit them from the maament. The
remaining $1,592,500 are reserved for extensions at 90 p. c. of cost.
No. s. f. and not subject to call.
See V. t'O, p. 1914. The Conuellsville Sub bonds were guaranteed, p. and i., by the Pitts. MeKeesp. <&
ConneUsv. St. Ry.
nwiaends—The first quarterly dividend on pref. stock, 1^ p. c., was
p. c. was paid May 1, Aug. I and Nov. 1. In
paid Feb. 1, 1906, and
1907, Feb 1 ** p. <\
Earnings—For year ending June 30,1906, gross, $1,287,910; net,
after taxes, $585,820; interest, $363,761; surplus, $222,059. In 1905,
gross, $953,566; net, $421,042.
Road-Owns and Operates 105 miles of road from Duquesne (adjoin¬
ing Pittsburgh) to .McKeesport, Versailles, Buena Vista, Mt. Pleasant;
Soottdale, Connellsvllle, Leiseuring, Dunbar, Uniontown, Fairohance
1st
1905
5 g A-O
CLAIR INCLINE
PLANE—A cable road.
ORGANIZATION—Chartered Sept. 9,1885. Road completed in 1889.
Stock, $150,000 f. p.; 1st mortgage, $1,000 eaoh; 6s, M-N, $75,000,
due Nov. 7,1909. Interest at Mellon Nat. Bank. Dividends—In Jan.,
1893, 2*a%. None since. Road is four-tenths of a mile long.
OFFICERS—Pres, and Supt., W. 8. Hughes; Treasurer, R. B. Mellon;
Secretary. H. A. Phillips. Office, 514 Smithtteld St., Pittsburg.
300.000 April 1, 1936.
5 g.
Title & Trust Co., Pi its. Trustee.
^.r^300'000"
\> FidVmy
guar
at Co.’ offiice
^oiu,
ST.
752.
PITTSFIELD, MASS.
PITTSFIELD ELECTRIC STREET RY-ln Sept., 1904, the RR. Commissioners granted permission to
crease stook from $200,000 to $300,000.
V. 79, p. 1267.
In¬
STOCK & Bonds—
Date. Interest. Outstanding. Maturity.
8tock, $300,000...... .....
$300,0i 0 1904-05,6%
1st
mortgage,
gold,) 1904 4g. J-J
vOO.OOO Julvl,1923
] Int.at Berkshire L. & Tr.Co., Pitts Held,Mass.
$200,000
Road—Owns 29'36 miles of traok.
An extension to Hinsdale is
completed and Is now in operation.
Earnings.—Por year ending Sept. 30, 1906, gross, $186,471; net,
$61,708; taxes and interest, $21,802; dividends (6 p. c. on $300,000),
$18,000; insuranoe, $9,290; park expense, $2,951; bal., sur., $9,665.
OFFICERS. -Pres., Joseph Tucker; Treas., Charles E. Merrill; Seo’y,
J. M. 8tevenson.-V. 74, p.
1253. 1309; V. 75. p. 78; V. 79, p.
1267.
PLATTSBURGH, N. Y.
CO. -A trolley road.
27, 1896. Capital stook,
o. gold bonds of 1896, due
N. Y., Trustee; authorised
$100,000, Issued $80,000. For year ending June 30,1906, gross, $24,034; net, $8,51>9.
Roadr—Owns 6^ miles of track; rail, 50 lbs. T. Prest, E. N. Sander¬
son; Secretary, W. L. Pattison; Treas. and Gen. Mgr., A. E. Reynolds.
PLATTSBURGH TRACTION
Organization. Etc.—Chartered May
$100,000 (par $100). First mortgage 6 p.
1926; int. J-J., at New7 York Trust Co.,
PLYMOUTH, MASS.
PLYMOUTH STREET Re¬
organization—Chartered on Jan. 3, 1900, as the Pembroke St. Ry.
to operate a railway In the towns of Pembroke and Kingston.
In
Sept., 1900, was consolidated with the Plymouth A Kingston Street
Ry. and the Brockton A Plymouth Street Ry., and in Nov., 1900, name
obanged as above. Franchise perpetual.
STOCK & BONDSDate. Interest. Outstanding.
Maturity.
Stock, $295,000 ($100)
$295,000
1st mortgage, $300,000) 1900 4tag.J.-D.
260,000 Deo. 1,1920
($1,000), gold
o* s Int. at Ola Colony Tr. Co., Boston, Trustee.
Plymouth A Kingston,) 1890
35,000 Jan. 1, 1910
5J.-J.
1st mortgage, $35,000, > Interest at International Trust Company,
$100-$500 ($1.000). ) Boston, Trustee.
Notes payable Maroh 31.1906..
.
160,000
Bonds—Of the new $300,000 mortgage, $35,000 are reserved to
retire the Plymouth & Kingston Ry. bonds. See V. 72, p. 44.
EARNINQ8—For yearn ending Dec. 31— 1906.
1905.
1904
Gross earnings
$111,775
$102,143 $101,124
Operating expenses
70,894
70,665
71,509
Net earnings
$40,881
$31,478
$29,615
and Latrobe.
Fixed charges
21,855
21,291
23,029
OFFICERS - Chairman of Board, E. C. Converse; Pres., W. 8. Kulm ,
Vioe-Pres., Jas 8. Kuhn; Sec., Robt. P. Watt; Trea<*., J. B. Van WagSurplus
$0,586
$19,026
$10,187
81, p. 1611; V. 82, p. 50, 693, 1041, 1103; V. 83, p. 325,689.
Road—Plymouth through Kingston, Pembroke and Hanson, to Whit¬
man, 24 06 miles of track.
Operates 26 passenger and 6 other oars.
PITTSBURGH M'KEESPORT & GREENSOFFICERS-Pres., James D. Thurber; Vice-Pres., Chas. I Lltohtield;
BURG R. Y—A trolley road. Population served, 10\006.
2d Vice-Prest., F. S. Pratt.; Treas., A. Stuart Pratt; Asst. Treas., G. E.
Organization—A consolidation on June 28, 1901, o the Greensburg Chase; Clerk, Henry R. Hayes; Mgr. and Tr. Agents, Stone & Webster,
A Hemptield Electric St. Ry. and the Westmoreland Ry. All franchises
Boston.—V. 77, p. 2158.
perpetual and about two-thirds of the road is over private right
of wav.
POMEROY, OHIO.
STOCK & Bonds—
Dale.
OutsmnWg
Maturity.
Interest.
OHIO RIVER ELECTRIC RY.& POWER CO.
Stock, $1,500,000
jviiVfVW
div.toFeb.’07
$l,030.000No
1901
5 g. J-J
1,350,000
July 1, 1931
trolley road.
rnn non (
1901
5 g. J-J
1,350,001Harrisburg.Trus.,
Organization Incorporated in 1900. Owns all the capital stook
iS^OOO^gold0,00^
TntHarrisburg
at
Trust
Co
,
I
gold
0
($1,000)
( or at Manufacturers’ Tr. Co., Providence. R. I.
($50,000* of the Pomeroy & Middleport Eleotrio Co
Bonds—The remaining $150,000 unissued bonds can only be issued
Stock & Bonds—
Date. Interest. Outstand’g. Maturity.
$300,000
under strict provisions, and with the approval of th
trustee, for bet- Stook, $300,000 ($25).
1st mtge., $315,000, gold,) 1900
5 g. J-J
315,000 July 1,1924
termeuts and additions. See V. 73, p. 33; V. 76, p. 811.
($100. $500. $1,000) .o* s Int. at Columbia Ave. Tr. Co..Phlla.,Trus.
Report-For year ending Deo. 31—
Gross.
Oper. Expen.
Net.
Earnings—For year ending Deo. 31, 1905: Gross, $53,196; net,
$98,544
$112,632 $23,071; charges, $17,791; surplus, $5,280.
1906
$211,176
1905
182,630
93,550
89,090
Road—Owns and operates 28 9 miles of track from Trafford City
PORT JERVIS, N. Y.
(whereconnection is made with the Pittsburgh Kys. Co.) through
JERVIS
ELECTRIC LIGHT, POWER
PORT
Jeannette and Greensburg to Youngwood and Hunker. 74-lb. T and
GAS & RR. Co 90-lb. girder rail. Gauge, 5 ft. 2** In.; 22 cars. Owns in fee one pleas¬
Organization—Is a consolidation in 1901, of the Port Jervis Eleo¬
park. Po wer supplied by the Westmoreland Lt. H. & Power Co.
trio Street Ry. Co the Port Jervis Light & Power Co., the Port Jer¬
OFFICERS -Pres., L. B. Huff; V ice-Pres.. W. D. Chapman; Ass’t Seo.t
vis Gas Co. and the Deer Park Eeotrio Co.
H. 8. Gibson, Greensburg; ttupt., M. A. Coffey General office, GreensDate. Interest:
STOCK & BONDS—
Oulstand’g.
Maturity.
burg, Pa.- V. 76, p. 811; V. 83, p. 1525; V. 84, p. 221.
Stock, $450,000. $100
$450,000
1st Mortg’e, $450,000)
1902 5 g. J.-J.
275,000 Jan. 1, 1932
PITTSBURGH db ALLEGHENY VALLEY
($1,000) gold
o* S Int. at Knickerbocker TrustCo.,N. Y.,Trustee.
RY
A trolley road.
Bonds—Of the authorized issue of $450,000, $175,000 are reserved
In June 1R06 control of the road was acquired by M. K. McMuIlin
for extensions and improvements at the rate of 85% of cost.
<£r Co. of Pittsburgh. See V. 82, p. 1438.
Road—Operates 4*a miles of traok, 60-lb. T rail; 6 cars. Supplies the
Organization—Incorporated in Pennsylvania as a consolidation in city with light.
December, 19o2, of the Apollo Vandergrift A Leeehburg Eleetrio
OFFICERS-Pres., D. H. Thomas; Vioe-Pres , J. M. Fitzgerald; Seo
Street Ry. and the Vandergrift & New Kensington Street Ry.
Owns and Treas., O. R. Horn. 26 Cortlandt St., N. Y. City.—V. 74, p. 380.
entire capital stock of the Apollo Eleotrio Light, Heat & Power Co.,
the Leeehburg Eleotrio Light A Power Co. and the Kiskiminetas Bridge
PORTLAND, ME.
Co.
All bonded and lion ling debt of those oompanies has been retired
RAILROAD.—Trolley.
PORTLAND
and the capital stock pledged as collateral under the new 1st mort¬
Organization—Chartered March. 1863, under laws of Maine. Con¬
gage. Will operate over private rights of way except in towns.
trols Portland & Cape Elizabeth Ry., Cape Elizabeth St. Ry., Portland
Date. Interest.
Outstanding. Maturi'y.
Stock & Bonds—
A Yarmouth Electric Railway and Westbrook Windham A Naples.
Stock, $1,500,000
$750,000
Practically all of the capital stock of those oompanies together with
mort
$1,100,000
)
J-J
1st
1903 5 g.
rj
400,000
Jan. 15,1933 the entire issue ($35<»,000) of first mortgage bonds of the Portland A
g. ($500A$1,000)..0 < Int. at Real Estate Trust Co., Phila.. trustee.
Yarmouth Eleotrio Ry., has been pledged as security for the consoli¬
be
called
maturity.
8ee
75,
p.
1401.
Bonn s—Cannot
before
V.
dated mortgage bonds of the Portland RR
Earnings —From JMaroh 17 1906 to Dec. 31, 1906, gross, $44,131;
STOCK & Bonds—
Miles. Date. Interest. OutsVng. Maturity.
net, $22,639.
F.-A. $1,999,592 Feb.,’07,2%
Stk.auth.$2,000.000, $100
Road—Is to operate 20 miles of track connecting Apollo,Vandergrift, Port.RR.lst M. $500,000 g 16i« 1893 4i«g.M-N 500,000 May 1,’13
Hyde Park and Leeehburg and Valley Camp, Arnold. New Kenaington, Portl. A Cape Eliza. 1st)
1895 5 g. M-N 400,000 Nov. 1,’15
and Parnassus, of which 8^ miles between Apollo, Vandergrift, Hyde
M. $400,000 g.($1,000) $ Int.at Amerioan L. A Tr.Co.,Boston, trustee.
Park and Leeehburg is in operation. 75-lb. rail.
Port. RR. 1st con ,$3.000,000) 1901 3^ J-J’ 1,350,000 July 1, ’51
OFFICERS-Bres., O. W. Kennedy, Uniontown, Pa.; Seo., J. D. Orr,
($1,000 A$500) gold
e" S Int. at PortlandTr.Co., Port., Trustee.
Leeehburg, Pa.; Treas, 8. M. Jackson, Apollo, Pa. -V. 82, p. 1438.
o’ s Int. at
($500 A $1,000)..
BROCKTON &
,
—
.
o.
,
are
O LUUH
1
*
- • • -
•
a
<n
i
*»<.UUi<.VUiUUxC,
^.x.
v^.,
ure
,
-
.
....
....
m
86
Bonds—Of the authorized Issue of $3,000,000 consols, $1,000,000
reserved to retire $900,000 prior liens and $650,000 are held for
extensions
Bonds tan be eallc* at par on any interest date after July
are
1,1931.
Portland RR. Co. guarantees the interest
V. 73, p. 139.
on
the $400,000 bonds of the Portland & Cape Eliz. Ry., but not principal.
Dividends-l '94
'95'96’97'98'99 1900’01'02’03 '04 '05 '0 3
Percent..* 3 Aug. 66666
3
3 3)^
5
633
Road—Operates about 100 miles of track, including a line from Port¬
land to Yarmouth, a line from Portland to Cape Elizabeth and exten¬
sions to Saco and to Old Orchard Branch.
Annual Report—For the years
ending June 30 as below, not includ¬
ing the Portland & Yarmouth Electric Ry.:
1906.
Gross earns. ..$727,979
Net earnings. 203,763
Interest
109,653
1905.
1906
I
1905.
$7^4,798 | Dividends
$59,937 $59,922
178,60 u Surplus for year. 34,173
11,039
107,640 1
Officers—President, Chas. F. Libby; Secretary, Treasurer ana Pur¬
chasing Agent, E. A. Newman. Office. Portland, Me. V 73, p 139.
PORTLAND & BRUNSWICK ST. RY- CO-ORGANization— Incorporated in Maine on April 22, 1901. Charter
perpetual.
STOCK & Bonds.—
Date.
Interest. Outstanding.
Maturity.
Stock, $300,000 ($100)
$300,000
1st mort. $2 <>5,000, g.> 1902
5 g. M-S
225,000
Mar. I, 1922
($500 and $1.000). c * Int. at Augusta Trust Co., Augusta, Trustee.
ROAD—Owns road, 16*4 miles long. Brunswick to Yarmouth through
Freeport (including second track, 17 miles); 60 lb. T rails.
Connects
..
with the tracks of the Portland RR. for entrance into
Portland.
10
cars.
Earnings—For year ending June 30, 1905: Gross, $43,371; net,
$14,674; interest, taxes, etc., $12,668; surplus, $2,006.
OFFICERS-Presldent, E J. Lawrence; Clerk, Herbert M. Heath;
Treasurer, Cyrus W. Davis; Manager, Amos F. Gerald.
PORTLAND, ORE.
,
...
CoB.JruBtmort.,$3,000,000,|
Port Ry 1st and rof. mort., C
1906
5g
3,000,000
1931
..
bonds are issued; said funds to be invested in the bonds at not
than 105 and interest, at which pric? bonds can be called for the
purpose. Bonds are to be kept alive and bear interest. See V. 81, p.
1437. The bonds are listed on the New York and Philadelphia Stock
Exchanges V. 82, p. 806; V. 83, p. 1471.
Of the Oreg. W. P. & Ry.first mortgage for $5,000,000, $500,000 are
reserved for underlying liens and remainder for extensions. Bonds are
subject to call on or after July 1,1912, at 105 and int. A sinking fund
for these bonds is to be 25 p. c. of net earnings, after deduction of in¬
terest and taxes, each year after July 1, 1907. V. 81. p 156. The Port¬
as new
more
land City & Oregon bonds can be called after Feb. 15, 1911, at par and
accrued interest, upon 60 days’ notice.
Sinking fund of $5,000 per
annum on these bonds for the first four years and $10,000 thereafter
becomes operative on Feb. 15,1907.
The Portland General Elec. Co. bonds
arc
.
.
8Cch*U$500000^($500 afdi 1895 6 «*F'A 295,000 Feb. 1, 1925
$1,000)
°
{Int- at Real Estate Trust Co., Phlla., trust.
Bond*—Sufficient
......
..
bonds are reserved to retire $394,000 prior
liens
Are subject to call at 110 on 60 days’notice. Interest is pay¬
able in New York.
new
EARNINGS—For six months ending Dec. 31, 190 5: gross, $270,555;:
after taxes, $112,296; fixed charges of new company, $67,524
surplus. $44,772.
ROAD—Operates 57-18 miles of track, connecting Pot'sville with
Yorkville, Minersville, Palo Alto. Belmont, Cumbola, Mount Carbon,
Port Carbon, Saint Clair, New Philadelphia, Mlddleport, Schuylkill
Haven, Adamsdale, Orwigsburg, Coal Castle, Glen Carbon and Turn
bllngRun; also between Tamaqua and Mauoh Chunk, with a branch
to Summit Hili. Extensions of 20 miles to connect the system and to
subject to call
on
h Shenandoah are under construction,
Office-8.—Pres., P. G. Gossler; Vice Pres., F. H. Reed; Sec. A
Treas ,T. F. Wickham; Ase’t 8eo. & Treas., F. B. Lasher; Manager, W.
E. Harrington —V. 8*<:,"p.l437.
rea<
POUGHKEEPSIE, N. Y.
and after
POUGHKEEPSIE
CITY & WAPPINGERS
FALLS ELECTRIC RAILWAY-A trolley road.
Organization.—Chartered March ^2,1894. on Feb ll, 1906, fire
destroyed the power plant and all except one of the cars V. 82, p. 393.
STOCK & Bonds—
Date.
Interest.
Outstand'g.
Maturity.
8trk,$750,000,par$100
5 g. J-J
366,000
July 1.1924
no opt ,$500,000.c*. ? Cent. Trust Co., N. Y., Trustee. Int. in N.Y.
City
Bond#—The bonds are limited to $25,000 per mile of completed
trolley road, $10,000 of this being Issuable when track Is laid and re¬
maining $15,000 when equipped with trolley. No bonds can be issued
In excess of $500,000 “ until the stockholders of this
company shall
consent to such excess in the manner provided by the laws of the State
ofNewYora.” Sinking fund, beginning Jan. 1.1897, equal to 1% of
the “bonds issued hereunder’’; bonds purchased at not exceeding 110.
Road—Owns 15*60 miles of road; second track, 1-14 miles ; sidings,
59 miles; total, 17*33 miles of track. 24 oars.
EarniNGS—Year ending June 30,1906, gross. $107,153; net, $21,972
charges, $18,474; sinking fund, $15,027; deficit, $11,529.
OFFICERS—President, J. W. Hinkley, 489-493 Main St., Poughkeepsie,
N. Y.; 8ec. and Treas., Silas Hinkley, Poughkeepsie.—V. 82,p. 393.
PROVIDENCE, R. I.
PROVIDENCE & DANIELSON RY- GO -A
trolley road.
ORQaniZATlor:.—Incorporated In Rhode Island on July 7, 1 893.
Stock & Bonds—
Date.
Interest.
Outstand'g.
Maturity.
Stock,$1,000,000, $100
$1,000,000
1st Mtge., $600,000, >
1901
600,000
5g.,M-N
May 1, 1931
s Int. at Industrial Trust Co., Providence, Trustee.
gold ($1,000)
Loans payable June 30, 1906
$94,000
Bonds.—No sinking fund, and are not subject to call.
Earnings For year ending June 30.1906. gross, $88,871; net, $13376; fixed charges, $31,720; deficit. $13.35 L
Road.—Operates from Providence, R. I., to Danielson. Conn., 36 63
miles; 60-lb T rails: standard gauge; 17 passenger cars, 4 freight
motor cars, 7 freight box oars, 19 freight flat oars and 2 snow
plows.
Officers.—Pres., D. F. Sherman: V.-P Jas. S. Kenyon: Secretary,
Franklin A. Smith Jr.; Treas., Geo. W. Prentice;
Supt., J. E. Thielsen.
,
PROVIDENCE
1st mortgage,
Of consolidated companies for 12 months ending Dec.3 L.
$3,452,607; net, $1,538,299; fixed charges, $1,0 »7,413;
8uriilus, $458,875.
Road —Operates 140 miles of track in Portland,and an interurhan
line of standard gauge 55 miles, from Portland to Oregon
City, Cazadero and Troutdale; total track, 195 m. Also wons water
p'owerof
7,500 k. w. on Clackamas River and of 6,000 k. w. on Willamette
River. Also asteam station of 7,ooo k w. in Portland, und the
only
park and amusement resort near Portland. Likewise owns some real
estate in Portland suitable for terminals.
OFFICERS —Pres. H. W. Goode; Vice Prest’s, F. I. Fuller
N. Huggins; Treas., 8. G. Reed.
Clark Jr.; Sec., C.
an
1 E. W
operations in 1894.
Has
a
contract
city lor electric lighting, expiring in July, 1909.
Dale.
STOCK & Bonds—
Interest.
Outstand'g. Maturity.
Stock, $500,000
$250,000
1st
rntgo.,
$250,000, (
1906
5g J.-J. *
250.000 July 1,’16
*mld, s. f
( Int. at Bankers’ Trust Co., N.
Y., trustee.
Bonds
A sinking fund will retire $25,000 of bonds
annually. En¬
tire issue is subject to call on and after
July 1, 1911, at 102.
...
.
-
Earn NQS-— lor the calendar years:
y< ar.
Gross
Net.
Fixed Charges. Surplus.
$65,501
$18,380
$47,121
43,713
15,413
28,295
81,423
33,282
9,180
24 102
Roai.—Operate? 10-29 miles of track, including 2^3 miles leased,
An entension of 3^ miles in the cltv is under const
ruction. 70 lb.T-rail
Officer
Pres, l. d. York. v. 83, p. 970, U7i.
„
HOo
1901
1903
$130,135
10 >,911
STOCK and Bonds
Stock, $165,000
oki non
mid
<91,wu, gold
Dale.
-
$200,000
*
c
Interest.
RIVER
STREET
laws of the
Outstand'g.
$165,000
Maturity.
)^Int.
^901at Industrial
1.1921
Tr. Co., Providence, trus} tee> or Eliot National Bank, Boston, Mass
‘Current liabilities” Sept. 30, 1906
m
66 098
Earnings—For year ending Sept. 30, 1906; gross, $61,746; net.
$15,864; oharges, $14,328; surplus, $1,536.
Road —Operates about 12^ miles of track. Providence, R.
I., to Fall
River, Mass., with an extension to Warren, R. I.
OFFICERS - Pres.,John J. Whipple; Vice-Pres., W.H. Trumbull; Treas.,
Geo. A. Butman, 8 Congress 8t., Boston, Mass. -V. 73,
p. 33, 616.
pueblL,
OHIO.
COMRPASNY°UTH
ST‘ RAIRROAD & LIGHT
Organization —Commenced
with
FALL
Organization.—Incorporated in March, 1901, under the
1906. gross.
Earnings
&
R Y-—A trolley road.
State of Massachusetts.
-
$750,000
let M. gold $1,000 s. f. S 1894
July 1,1915, at
and int. A sinking fund of 1 p. c. per annum
of bonds outstanding commences May 1,1915.
Dividends Five per cent per annum is be’.ng paid on preferred stock.
PORTSMOUTH,
PA.
,
.
1905 5g M-N 6,227.000 Nov. 1,1930
$10,000,OOO.gold ($1,000),< Int. at office of Redmond & Co., New
s. f
c* (.
York; New York Trust Co., Trustee.
Willamette Bridge Ry., 1st \ 1889 6 M - S
100,000 Mar. 1,1914
mortgage. $1,000 each
(Int at Am. Loan & Tr., Boston, Trustee.
City & Sub. consol. M., not(1891 6g.M-S
87,000 Sept.1,1916
subl. to call, $1,000 each.g. (Int.at Sec. Sav.A-Tr.Co., Portland,Tr us.
City <fe Sub., new mort., $3,-( 1900 4 J-J
1,290,000 June 1,1930
000,000($1,000)sub. to call < Interest at Security Sav’gs & Trust Co.,
at par aft. June 1, T5..c*g. (
Portland, Trustee.
Mult’mah St. Ry. 1st mort.,) 1890 6g. J-D
126,000 June 1,1910
o* * Int. at Am. Tr. & Sav. Bank, Chic., trus
gold
Port. City & Ore. 1st mort.,> 1901 6g. F-A
500,000 Peb. 15.1921
$500,000 ($1,0C0). g
*e 5 Int. at Tr. Co. of Amer., N. Y., Trustee.
Ore.W.P & Ry. l«t mortgage,> 1902 6g. J-J
3,931,000 July 1,1932
$5.000,000g.($1,000)
..o* ] Int.at Lsnd Title & Tr. Co., Pbila.,Trus.
Port. Gen. Ell st M. $10,000.->1905 5g.J-J
4,752,000 July 1, 1935
000, gold ($1,000)
c* * U. S. Mort. & Tr. Co., N. Y., Trustee.
8tock—The pref. stock is 5 p. o. cam. Thi* stock can be redeemed
at 105. After 6 p c. is paid on common, pref and com. share alike.
Bonds -Of the $10,000,000 new Portland Ry. bonds, $1,603,000 are
reserved for prior liens and $2,415,000 for additions and extensions
at 80 p. c. of cost. A sink mg fund commences iu 1907; the amount is
$25,000 per annum fr <m 1907 to 1909 inclusive; $40,000 per annum
from 1910 to 1919 inclusive, and $60,000 per annum from 1920 to
maturity of bonds, which amounts are to be increased proportionately
<
POTTSVILLE,
EASTERN PENNSYLVANIA RYS. CO-(See
Map onJBaye 87.)
Organization—Incorporated In Pennsylvania in 1891 as the Tamaand name changed tn 1906. Controls the
qua <fc Lansforl St. Ry
Pottsvillo Union Traction Co, the Potts ville & Reading Rr., the
Schuyl. Haven & Orwigsburg St. Ry. Co..the Schuvl. Elec. RR., Co. the
Edison Elec. Ill. Co. of Potts ville, the Anthracite Elec. L’t & Power
Co.,
the Fra^kville & Gilberton Light, Heat & Power Co., the Tamaqua A
Pottsville Elec. RR., the Coal Castle Elec Ry. Co., the Port Carbon &
Mlddleport Eleo. Ry. Co., the Edison El. Ill. Co. of Tamaqua, the Citi¬
zens’ Gas Lt. Co. of Tamaqua. theMinersvIlle Eleo.L’t Co., the Citizens’
Gas Co. of Minersville, the Minersville Fuel Gas Co., the Palo Alto
Light, Heat & Power Co. and Tumbling Run Park. Most of those
comparies are without bonded debt,but where bonds have been issued
they have been provided for or deposited under the consolidated com¬
pany’* new $6,000,000 mortgage, together with all or practically all
their stocks Franchises are practically perpetual. Population served,
111,000. 8eeV.82, p. )437.
J. G. Wnite A Co., Inc., N. Y., are the
managers and engineers.
Date.
STOCK & BONDS—
Interest. Outstanding. Maturity.
Com $5,000,000, $100
$4,000,000
Pref., $1,000,000, $100, ^
Q7a qdo
5%. cum
S
*
974,900
1st M., $6,000,000, gold t 1906
5g. J-J 3,186,000
1936
($500 and $1,000) c* > Central Trust Co., New York, Trustee.
Pottsv. A Read. IstM. g. > 1895
6g. F-A
99,000
Feb. 1, 1925
o* $100,000 ($1,000)
5 Int. at Real Est. Tr.Co., Philadelphia, Trus.
net,
PORTLAND RAILWAY LIGHT & POWER
co.OwGANIZvriON—Incorporated in Oregon in 1906, and owns prac¬
tically entire stock of the Portland Railway Co the Oregon Water
Power & Ry. Co. and Portland General Electric Co
When merger is
completed will own entire street railways and electric light and power
plants in Portland, and the electric light and power plants of Ore¬
gon City. Salem, Silverton, Woodburn and several small towns in
Oregon, and also Vancouver, Wash. Also owns the street railways
in Salem. Some of the franchises are perpetual, and remainder ma¬
ture in 1932 and 1933.
The consolidation is being carried out by E,
W. Clark & Co., Philadelphia, and J. & W. Seligman & Co., New York.
STOCK & Bonds—
Date. Interest. Outstand'g. Maturity.
Common, $10,000,000
$10,00^.000
Pf., $5,000,000. See text
QJ
5,000,000 Jan.,’07,1^%
I
VOL. LXXXIV.
STREET RAILWAYS.
col.
PUEBLO & SUBURBAN TRACTION &
LIG HTING—A trolley road.
Organization -Incorporated in Colorado on Nov. 20, 1902, as a
consolidation of the Pike’s Peak Power Co. (a water
power plant) of
Viotor and the Pueblo Traction A
Lighting Co. V. 7o, p 1203,1355
Owns all the street
railway, electric lighting and electric power In¬
terests in Pueblo and vioinity. Railway franchises
expire in 1940
and 1942 and eleotrlo light franchise in 1924.
STOCK & Bonds—
Date. Interest. Outstand'g.
Maturity.
Com., $3,500,000(par$100)
Pref., $1,000 (6% cum »
$3,500,000
100,000
Pueblo Traction* Lighting
1,100,000 Jan. 1, 1921
( 1901 5 g. J -J
1st
mtge., $1,500,000,< Int. at International Trust Co., Denver,
gold ($1,000)
o* (trustee, or at Morton Trust Co N. Y.
Pueblo &
Suburban 1st t 1902 5 g. A O
1,988,000 Oct. 1,1922
mtge., $3,500,000 gold < Int. at International Trust Co., Denver.
s.
f
($1,000)
c* f trustee, or at Morton Trust Co., N. Y.
Bonds.—Of the new mortgage for
$3,500,0u0,$l,250,ooo are reserved
to retire the $1,100,000 bonds of the Pueblo Traction
& Lighting Co.
and remainder for future betterments.
Of the $1,988,000 reported
.
RSATILWEYS
1F90e7.b.
[VOL. LXXXIV.
STREET RAILWAYS
8*
Stock—The oommou stook is 70 per cent
outstanding $288,000 are tn company's treasury. Entire issue is sub¬
ject to call after Oot. 1,1909, at 104 and interest. A linking fund
commences in 1909, which must retire at least $50,000 bonds pei
annum, said fund to be invested in the bonds in open market at not
higher than 104; otherwise bonds can be called for the purpose. See
V, 75, p. 1355.
Entire issue of Pueblo Traction A Lighting 1st mort. bonds may be
called after Jan. 1, 1906, at 104 and Interest. A linking fund of
$10,000 annually on these bonds commences in 1906 ana mav be
used to call bonds after January, 1906 at 104 and interest. See V.72,
p. 821.
Road—Owns 32 miles of track, all in city of Pueblo. Electricity fur¬
nished by steam plant at Pueblo and water-power plant at* Beaver
tional
mutative nntll June 1, 1906; thereafter 5 per cent cumulative.
Bonds—The Municipal Gas A Electric 4 48 are subject to call on aud
after April 1,1912, at 102 ** aud interest on 3 weeks’ notice; $100,000
of these bonds are reserved to retire a like am »unt of Citizens’ Lt. A
Power bonds, which are redeemable at par and interest at any tune
on 6) days notice.
These bonds were orlgiaally 6s, but interest was
reduoed to 4** p. o. iu 1903
The Roch. Gas A Glee. 2d 4**s are re¬
deemable at par on or after March 15,1310, and the Impt 4*«r at par
after July 1,1911. The new $16,060,000 mortgage of the Roches¬
ter Ry. & Light Co. is subjeot to call ou any interest date a~ 110 and
int. on 90 days notice, but future issues or these bonds may be called
at a lower figure If fixed by toe company before their issuance.
luon or
Creek
Earnings.—For 12 months ending Dec. 31,1905, were; Gross, $524,559; net, $241,109: interest on bonds. $168,308; surplus, $72,801.
Officers—President, M. D. Thatcher; Vice-President, T. H. Devine;
F. Vail; Secretary, H. C. Baker.
Treasurer and General Manager, John
—V. 75, p. 1203,1355; V. 76. p. *66.
QUINCY, IJLLu
RY. & CARRYING COInterest.
Outstanding.
Maturity.
$600,000
5 A-O
140,000
Oot. 1,1910
each
< E. J. Parker, J. F. Carrott. Quincy, Ill..Trust’s.
1st consol. M. $550,- 5 1898
5g. A-O
382,000
Oot. 1,1918
000, gold
o*. ( Int. at Portland Trust Co.. Portland. Me., Trust
Interest on tirst mortgage payable at Qulnoy (Ill.) Trust Oo.
Of the 5s of 1898, $140,000 will be used to retire the 1st 5s and
$28,000 retained by trustee for future extensions and improvements
Earnings—For year 1906, gross, $147,821; in 1905, gross, $140,994.
Road—Operates 17*4 miles of track.
Officers—President, Goo. F. Dunoan, Portland, Me.; 8eo., W. B.
McKinley, Quincy. 111.; Treas.. Henry P. Cox; Gen’l Mg’r.; H. E. Chubbock.-V. 67, p. 372, 737.
QUINCY HORSE
Stock & Bonds—
Date.
8tock,$600,<k0i$100>
1st mortgage, $500 5 1890
......
_
_
RICHMOND, IND.
RICHMOND STREET & INTERURBAN RY
—A trolley road.
Interest.
STOCK & BondsDate.
Outstanding.
Maturity.
Stock, $600,000
$500,000
1st mtge.,
$600,000)
600,000
1950
5 g. J-J
*o s Lafayette Loan A Tr. Co., Lafayette, In<L, True.
...
($500), gold
...
Bonds.—Are subjeot to call at 107*2.
Earnings—For year ending Dec. 31,1906. gross, $150,105.
Road -Operates 30 miles of track, including a line (20 miles)
bridge City, Dublin and Milton.
to Cam¬
Connects at Dublin with the Indian¬
apolis A Eastern Traction. 60 and 70 lb. T rail.
OFFICERS—Pres., Hugh J. McGowan, Indianapolis; Vice-Pros., W.
Keslev Solioepf, Ohas. Murdock and D G. Edwards; Sec. and Treas.,
Jos. A. McGowan, Indianapolis. —V. 74, p. 1197.
RICHMOND, VA.
VIRGINIA PASSENGER & POWER CO.-For
statement of this company see Stkbkt Railway Section for Oct. 13,
1906.
'
r
terest is payable at the Security Trust Co., Rooheser; E. W. Clark &
Co., Poll., and Hodenpyl, Walbridke & Co., New York. Of the $16,000.009 authorized, $5,697,000 was issued in exchange for stock of the
Rochester Gas & Electric Co.. $6,229,90*) are reserved to retire prior
liens of the Rochester Gas A Electric Co. and $4,073,100 for better¬
ments, acquisitions and improvements (V. 78. p. 1782); $2,962,200
Rochester Ry. common and $33,000 pref stock are pledged as addi¬
tional security.
Dividends.—First dlv. on prsf. stock -1 p. o. - was paid Sept. 1.1904,
and 1
p. o. was
again paid Deo. 1. 1904
power business of
power business are
exclusive.
Rochester. Franchises for electrio light, gas and
perpetual and for street railway are perpetual and
Officers-Pres., Horace E. Andrews, New York; Vic -Pres., W. K.
Vanderbilt Jr.; Vice ^res.. G. A Hollister: G«n. Man.. R. M, Searle;
Sec. and Auditor. J. C. Collins; Treas.. E L. Rot-siter, New York; Ass’t
Treas., C. A. Tucker; Asst. Seo. aud Gen. Aud., A L. Linn Jr., New
York -V. 81, p. 1724,1850.
(I) ROCH ESTER RAILWAY—A trolley road
Organization—Controls the entire street car system of the city
of Rochester. Chartered Feb. 25, 1890, and is a consolidation of
the Rochester City and Brighton RR.,the Cross-Town RR and the
South Park RR. Franchise practically perpetual and exolnsive. The
Rochester Electric Railway was leased on September 8; 1894, lease
dating from July 1,1894, for 50 years, at a rental of 8 per cent on
$200,000 stock (of which the Rochester Ry. owns $136,90o) and
whenever gross receipts exceed $55,000 one quarter of such ex¬
cess. A branch of the Rochester A Suburban (theSummerville Branch)
is leased for 10 years from April 15,1898. at an annual reutal of $8.000. In addition to the stook of the Rochester Electric Ry also owns
205 shares out of the total 400 shares (par, $50) of the Rochester A
Charlotte Turnpike Co
On
July 1,1902, leased the Rochester A Sodus Bay Railroad for 999
years at a rental of 2*2 P- o. on $750,000 preferred stook for tirst
year, 3 p. c. for second year, 3*sp. o. for next year, and 4 p. o. there¬
after. V. 75, p. 395. Common stock all owned by Rochester Ry. Co.
In May. 1905, stockholders were offered $500,000 new preferred
stook at 102*2. V. 80, p. 1857.
In Oct., 1901, both pref. and oom. stook were listed on the Philadelphia
Stock
Exchange, and in Nov., 1902, listed the 2d mortgage bonds.
STOCKS & Bonds
Date.
Com. stk, $3,000,000 ($100)
~
ROANOKE RAILWAY & ELECTRIC.-A trolley
road.
Organization—The Roanoke Street Railway and the Roanoke EleoLight A Power were both sold at foreclosure August 1, 1899 The
present company was incorporated in Virginia. In Jan., 1903. the en¬
tire ($200,000) capital stock was purchased by a Philadelphia syndioate,
trio
who Increased same to $500,000 and elected the officers as below.
Franchise said to be perpetual.
STOCK dc. Bonds—
Date.
Stock $500,000 ($100)
1st M. $100,000 ($1,000) g. ( 1899
Interest. Outstund'g.
Maturity.
J - D
$500,'>00 Deo.,’06, 4%
5 g. J - D
75,000 Deo. 1, 1949
(Int. at Mercantile T.&D. Co.,Balt.,trustee,
$750,000 gold. S 1903 5 g. F-\ 475,000 Feb. 1, 1953
($1,000), s. f., gold
c* t Int. at Real Estate Tr. Co., Phila, trustee.
Bond*—#75,00 • of the new mortgage bonds are reserved to retire a
like amount of llrsts. sinking fund on Feb. 1, 1910, annually to Feb.
1, 1920. 1 p o of outstanding bonds and thereafter l^p. o.
DividendsIn 1904, 3 Hi p. o.; in 1905, 5*2 p. o.; in 1906, 8 p.
Earnings—For tiscal year ending May 1,1906, gross, $218,808; net,
$114 198; interest, etc.. $25,163; surplus, $89,035.
Road—operates 14 miles of road in Roanoke; also extension to 8aem, Va.; total. 19*3 miles; also owns park and theatre.—V. 72, p. 184.
Officers—President, R. D. Apperson, Lynchburg; Vloe-Pres., Chas
R. Miller, Philadelphia; Sec. and Treas., F H. Shelton. Philadelphia;
Gen. Man., J. W. Hancock. Roanoke.—V. 76, p. 213, ^06; V. 78, p. 344.
8. Fund
1st con. M„
ROCHESTER, N. Y.
ROCHESTER RAILWAY & LIGHT CO lu Dec., 1905, a controlling interest was acquned by the Mohawk
Bee V. 8 *. p. 1 ?24, 185o.
Valley Co.
Organization—Incorporated in New York on May 26, 1904, and is a
consolidation of the Rochester Gas A Electric Co. and the Rochester
Light & Power Co. Controls the Rochester Railway »’o. through owner¬
ship of a majority of the stock. Common stockholders of the Railway
Co. were given $120 per share in pref. stock of the new company in ex¬
change for their holdings and also the right to take com. stook in the
new company (70 p o. paid), share for share, npon payment of $20 per
share. Bee V. 78, p. 1782. The preferred stock and bonds of the
Rochester Ry. Co. were not affected. The preferred stock of the Roches,
ter Gas A Electric Co. was given option of $120 per share in iirst con
solidated bouds or preferred stooK, and the oommou stock $110 per
share in first consol, bonds of the new company. Messrs. Hodeupyl,
Walbridge A Co. of New York au i E. W. Clara A Co. of Philadelphia
carried through the plan, which will be found in full in V. 78, p. 1782.
Five hundred thousand dollars of the 1st cons, bonds, together with
$250,000 common stock of the Ry A Light Co., were offered for sub¬
scription to pref. stook homers of the Rochester Ry. Oo. at 90 for the
bonds and 2u for the stock. V. 79, p. 213. Stook, oom. and pref., and
cousol. mort. were in Nov., 1904, listed on Phila. 8tock Exohange.
STOCK dfc Bonds Date. Interest. Outstanding. Maturity.
\ ® o%° paid?}
Gommon.$6,500,000,$100
P$lboU^v;:f;ir00,000,s
U>01 t°$L O00 1
gold*
*
** * ° c* i
Roch. G. A Elec. 1st
$100 $
M.,)
g. ($1,000) .
5
Rdoh. G. A Elec. 2d M., (
($1,000) g
Roch. G. A El.
($1,000;
..)
Imp. M.,;
S
.
Brush El. Lt. 1st mort.,
£
)
gold ($1,000)
Mun. G. A El. 1st M. $1,-)
500,000 ($1,000).g., o')
Cit. Lt.
A
P.
Co. mort.,
gold
Water Power mtges
3>000*000 Deo.l,’06,l*4%
—•
C
\
)
1904
5»- J J
1892
5g. M-N
5,*<97.000 .1 uly 1,1954
Becuiity Trust Co., Rochester,Trustee.
2.000,000
Nov. 1,’12
Knickerbocker Trust Co.. N. Y., Trustee.
1900 4 Hi*. M-S*5 1,000,000 Mar.15,’20
Security Trust Co., Rochester, Trustee
1901
4»«g. J-J
»
700,000 July 1,’21
Rochester Trust & 8. Dep. Co., Trustee.
1895
Ag JJ*5
250.00oJan 15,*15
Security Trust Co., Roohest-r, Trustee.
1902
4*2g A-O
1,400,000 Apr. 1, ’42
Int. at Central Trust Co., N. Y., Trustee.
1894
«g. J-J
100.000 Jan. 1, ’14
Rochester Trust A 3. Deh. Co.. Trustee.
779,900
In 1905, 4 p. o. In 1906,
March, l p. o.; June, 1 p. c.; Sept., 1*4 p. o ; Dec., 1*4 p. c.
PROPER! Y-Does the entire street-rail wav, gas. electric-light and
,
ROANOKE, VA.
paid and 10 percent addi¬
payable J uly 1.1906. but was not called. No additional calls
can be made before July i, 1907, and not more than $10 per share in
any oonseoutlve 12 months.
The preferred stock was 4 pel* cent on
was
Pref. 5%, cum. $3,000,000
C*y A B. 1st M.,
($500).
Rochester Rv Consol M
(
4Q-M
5 Q-J
($100)
Rochester
Interest. Outstanding.
14
M., $1,500,000,
<$1,000 each)
Maturity.
Dec..’06, 1%
3,000,000 Jan ,’07,1*4%
6 A-O
175,000 Apr. 1,1919
Interest at Rochester Tr. A S. D. Co.
j 1889
1890 5 g. A-O
4wfonm «V* X Interest at Cuyler,
*MJW,uou($i,uuu)g.c
$3,000,000
2,700,000 Apr. 1,1930
Morgan A Co., New York.
(Mercantile Trust Co., N. Y., Trustee.
g )
1893 5g.J-D
1,500,000 Dec. 1,1933
c* > Interest at Security Tr. Co., Roch., Trustee.
Consolidated mortgageot 1890 aud second mortgage cover all present
and future property of the company, and the bonds are to have their
principal and interest paid without deduction for any tax payable by
the oompany under any law of the United States or New York State
and imposed upon the bond for national, State or municipal purposes.
Of the consols $300,000 are reserved to retire underlying bonds of die
Rochester City A B. RR.
Second mortgage bonds cannot be called.
Repont—For fiscal year ending .luue 30 :
O ots.
Tear.
Net.
tixed Charges.
Surplus.
1906
....$2,046,670
$900,517
$S56.951
$143,566
1905
794,7;-9
402,128
392,611
1.726,o73
Dividends-—First dlv. on pref. stock. 1 p.o.- was paid Jan. 1. *02; m
1902 43i p. o.; in 1903, 5 p. o.; in 1904, 5 p o.; in 1905, 5 n. c ;
in
1906, 5 p. c.; in 1907, Jan., 1*4 p.o.
On common stock. Sept.,
1904,1 p. o.; Deo.. 1904, 1 p o.; iu 1905, 4 p. c.; inl906, 4 p c.
..
Road.—Following are details of mileage:
Road.—Owned.
Main line, trolley
8eoond track
Miles.
48 89
38-03
Sidings
3*87
Total
90-79
Road leased—
Miles.
Rochester Electric
)
do
do 2d track.. i
Rochester A Suburban.
f0'*-do
2d track A siding ;
...
Total operated
155-01
Weight of rails, 40 to 107 pounds, standard gauge; cars, 349.—V. 79,
p. 152, 213; V. 80. p. 1857.
(il) THE ROCHESTER A SODUS BAY RAILWAY
CO.
ORGANIZATION—Organized Aug. 13,1898. to build an electric railroad
Point, Wayne County, on Lake Ontario, to the city of
Rochester. The road was opened on August 22, 1900. On April 1,
1901, leased for 999 years tne Irondequoit Park RR. of 3*2 miles,
and this on July 25,1902, was consolidated with the Rochester A Sodus
Bay RR. The latter lias beeu leased from July 1, 1902, to the
Rochester Ry. for 999 years. For terms of lease see that oompany
above. V. 75, p.395. Total track owned and operated, 41-20 miles.
STOCKS—
Interest. Oulst >nd'g ilaiarity.
Date.
Common, $1,100,000 ($100)
$1,100,000
Pref. 4 p. o. cum., $750,000
4
750,000 See text.
—V. 71, p. 391; V. 73, p. 1205; V. 75, p. 240,395.
from Sodus
ROCHESTER CHARLOTTE & MANITOUOrganization—"chartered March 14,1895, as a steam road, but Is
operated by electricity.
STOCK & Bonds—
Date.
Interest. Outstand’a.
Maturity.
Stook, $100,000 ($100)
$97,500
First mort., $82,000,1 1895
5 Dec.
81,250
Deo. 1,1925
gold
i
Security Trust Co., Rochester, Trustee.
ROAD—From Charlotte (suburban town and resort of Rochester, on
Lake Ontario,) to Manitou Beach, on Lake Ontario, 7*75 miles
Officers—President, Michael Doyle; Vice-Prest., Herman Behn; Sec.
and Treas., J. M. McGrath.
ROCHESTER & EAST. RAPID RY.-Atrol lev road.
Controlled b^ Mohawk Valley Co., which see under New York City.
Organization-Incorporated In New York on Jan 21,1901. Con¬
through ownership of stock the Ontario Light A Traction Co.,
(which owns 3 miles of street railway, operates an electrio light plant
and owns majority of capital stook of Canandaigua Gas Light Co.).
Uses tracks of Rochester Ry. Co. in Rochester. Rest is almost all on
private right of way, except in cities and villages.
trols
STOCK & Bonds—
Date.
....
Stock, $1,500,000 ($100)
Interest.
..
Outstand’g.
$l,f>00,000
Maturity.
Oct. 1, 1933
$1,500,000, s
1903 5 g. A-0
1.500,000
gold ($1,000) .. c’ l Int. at Rooli. Tr. & 8. Dep. Co., Rooh., Trustee.
Bonds— No s. f. and bonds not subject to call.
Eaoninqs—For year ending June 30. 1906, gross, $229,639; net,
1st mort.
'
$92,957; interest and taxes, $85,009; sur.. $7,948.
ROAD -Operates 43 miles from Roobester to Canandaigua, which was
placed in operation on Nov. 15,1903, Including an extension to Geneva,
about 161* m., completed in June, 1904. Standard gauge 70-lb. T
rails
19 passenger and 4 other cars.
OFFICERS-Resident, Horace E. Andrews, New York; Vioe-Pres.,
W. K. Vanderbilt Jr., New York; Sec. & Aud., J. C. Collins; Treas., E.
L. Rossiter. New York; Asst. Treas., C. A. Tucker; Asst. Sec. and Gen.
Auditor, A. h LinmJr , New York; Gen. Mgr., John H. Pardee, Canandalgua.-V. 78, p. 1962; V. 80, p. 2345; V. 81, p. 508.
ROCHESTER & SUBURBAN RY.-A
trolley road.
Mohawk Valley Co.
Organization—Incorporated on January 30, 1900,as a successor of
the Rochester & Iroudequoit RR.
On Aug. 25, 1900, acquired the en¬
tire capital stock of the Rochester <te Lake Ontario Ry. Co. aDd con¬
solidated with it. The branoh running from Rochester to Summerville
is leased to the Rochester Railway Co.
STOCK &, Bonds—
Date. Interest. Outstand'q. Maturity.
Stock, com., $70,000 ($100)
$70,000
Pf., 5 p. c. cum. ($350,000)$100
350,000
1st
mtge. $450,000 ($1,000) v 1900 5 g A-O. (See text) July 1,1930
gold
,*o. s Int. at Roch. Tr. A Safe Dep. Co. . True.
Bonds—Bonds are issued and are held by the trustee as security lor
loans, which Deo. 31, 1903, were +559,000.
Earnings—For fiscal year ending June 30, 1906: Gross. $^3,3^7.
net, $34,807; charges, including extraordinary renewals, $69,918; de_
Is controlled by
licit, $35,111.
Road—Rochester to Sea Breeze, 7 47 miles, and from
Summerville, 4Lj miles (double track); total,
V. 71. p. 699; V. 80, p. 1729.
16*47 m.
Rochester to
V. 70, p. 231;
ROCHESTER SYRACUSE & EASTERN RR.
Organization.—Incorporated in New York in October 1901. Mo.-t
of the road is over private light of way, the franchises in the cities
and towns being perpetual.
STOCK & bonds —
Date. Intered. Outsnnd inq. Maturity.
Common, $3,500 000 ($100)..
$3,500,000
Pref., $2 500,000 5%
cum..
non.)
$100.
z.ouuuuu
\
$7,500,000 gold J 1905 5g.M-N
2.000,000 May 1,1945
.o* (lut. at Knickerbocker Or. Co. N.Y. Trus.
($1,000/
Bonds -Of the $7,500,000 authorized, the $2.00.0,000 is for building
the road from Rochester to Lyons and $3,000,000 (authorized by N. Y.
RR. Commission Jan., 1 07 (see V.84. p. 27z), reserved for exten¬
sion to Syracuse at not exceeding $35,000 per mile, or 75 p c. of
cost; remaining $2,500,000 reserved for 75 p. c. or cost of future
extensionk and i uprovements. Are subject to call in any amounts at
110 aud int on and after May 1, 1915. . See V. 80, p. 2459.
Road -Operates a double-track road from Rochester to Lyon*, 37
miles, making 80 miles of track. Completed to Lyons Nov.. 1906.
Standard fgauge; 70 and 90-lb. T rail. Is row being extended to Port
Byron. 58 miles, and will eventually reach Syracuse. Is expected to
be completed to Clyde about Aug. I,lv 07, and to Port Byron about
1st
mtge.
Nov. 1. 1907.
'
Vice-Presidents. F. W. Roebling, C D.
A Lux; Treas., A. K. Hiscoob;
601, 2345, 2459; V. 82, p 45c; V. 84, p.
Officers—Pre*., L. C. Smith;
Beebe and W. A.
Holden. Seov., C
Mgr., C. D. Beebe.—V. 80, p.
272.
ROCKFORD, ILL,.
ROCKFORD & INTER-URBAN RAILWAY •—
Organization—Is a consolidation in October, 1902, of the Rockford
Ry. Light A Power Co. and the Rockford <te Belvldere Electric RR. Built
on private right of way.
Franchises in cities and villages are for 26
to 50 years.
On Sept. 1,1904,
V. 79, p. 1462. On
absorbed the Rockford & Freeport Eleotrio Ry.
April 1, 1906, absorbed the Rockford Beloit &
Janesville RK. V. 82, p.
STOCK & Bonds—
Com., $1,000,000, $100
Pref.,$50,000, 6% cum
393.
Date.
Maturity.
Interest. Outstand'g.
$1,000,000 Jan..’07,1%
Q-J
CJ-J
50,000 Jan.,’07,1^%
TntArTMlftn(
944,000
Oct. 1,1922
1902
5g A-O
\1nterest at First National Bank, N. Y., or at
mtgs., g., ($i,uoo)..c ( American Trust & Sav Bank, Chic., Trustee.
Rock. & Freep’t 1st M.,)
1903
5g.M-N
625,000
May 1,1923
$750,000. g., gu. p Ai. > Int. at Amer. Trust A Sav’gs Bank, Chicago,
($1,000 <fr $500)
-c > Trustee, or First National Ba^k, New York
Rockford Bel. & Jauesv..) 1905 5 g., A-O
1,000,000 Oct. 1,’30
1st mort., $1,000,000, >Int. at Amer. Trust & Sav. Bank, Chicago,
gold, ($1,000) s. f
o* ) Trustee, or First Nat’i Bank. New York.
Bonds—Sinking fund on bonds of 1902 of 5% of gross receipts com¬
mences ir. 1908.
Additional bonds can be issued for extensions and
improvements at 85 p. c of cost. Entire issue is subjeot to call at 105
and interest after Oct. 1,1907. The Rockford & Freeport bonds are
assumed, principal and interest, by Rockford & Interurban Ry. Co.;
$125,000 are reserved for future extensions at 85 per ct. of cost. A
sinking fund equal to 5 p. o. of gross earnings begins in 1910. Bonds
are sublect to call after Feb. 1, 1910, at 105 and int. V. 78, p. 1276.
A
sinking fund on the Rockf. Bel. & Janesv. bonds begins in 1915 of 2%
of gross earnings of that division.
They are subject to call on and
after Oc*. 1, 1910, at 102*3 and int. They are guaranteed, p. & 1., by
.
the Rockford & Interurban.
Dividends. On pref. stock, 6 p. c. per annum is paid. On common:
in 1903, 4 p. o ; in 1904, 4 p. o.; in 1905, 4 p. o.; in 1906, 4 p. c.; in
1907, Jan., 1 p. o.
Earnings—For year ending Deo. 31, 1906, gross, $510,042; net.
$214,831; int., $122,449; dividends, $42,250; surplus, $50,132.
Road—Operates 22 miles of trolley in Rockford and 14 miles be¬
tween Rockford and Belvldere; also 28 miles of Rockford & Freeport
Electrio Ry. between points named in title, and 33 miles between
Rockford, ill., and Beloit and Janesville, Wis. Total, 97 miles.
OFFICERS—Pres., R. N. Baylies, Chioago; Vioe-Pres., JohnFarson,
Chicago.; Seo.,Geo. G. Olmsted; Treas., W. F.Woodrult.—V. 78, p. 1276;
V. 79, p. 1462; V. 82, p. 162, 393, 929.
ROCKLAND, ME.
CAMDEN
ROCKLAND
THOMASTON
&
STREET RAILWAY.—An electric road.
In Feb., 1901, consolidated with the Knox Gas A Electrio Co., and
made a new mortgage of $800,000, from the
bond Issues of both companies were retired.
proceeds of which the old
Interest.
Outst'd?g.
STOCK & BondsDate.
Maturity
Stock $300,000 ($100)
$250,000
1904-05,5%
1st mtge. ($800,000)) 1901
800,000
4 g. J - J
Jan. 1, 1921
g. ($500 & $1,000) ..c S Int. at Union S. D. & Trust Co., Portland,True.
Bonds-No sinking fund and bonds cannot he called.
Road Operates 22*56 miles of track from Warren through Thomaston to Rockland, Rookport and Camden. In Sept., 1901, purchased
“Oaklands,” a park of 75 acres, for purposes of a pleasure resort.
Fears end. June 30.
Gross.
Net. Int.&tax. Oth.chg. Bal.,sur•
$71,540 $42,737
1906
$133,626
$28,803
1905
125,225
62,454
34,077
$6,086
22,291
89
STREET RAILWAYS.
Feb.. 1907. j
Officers—President, G. E. Macomber; Vioe-Pres.. S. M. Bird; See.,
D. Bird; General Manager, Thomas Hawken;
Supt., V. Chisholm.—V. 72, p. 392.
H. M. Heath; Treas., A.
rome[
ga.
ROME RAILWAY & LIGHT CO -A trolley road.
Organization—Incorporated in Georgia on Deo. 28,1906, and is a
reorganization of the City Eleotrio Ry. V. 83, p 1591. Operates a
passenger, mail and express service, and furnishes light and power to
city and private individuals. Franchise perpetual.
Stock <Jb Bonds—
Date. Interest.
Outst'd'g.
Maturity.
$500,000
Stock, $500,000, $100
$500,000, gold ) 1907 5 g. J-J
500.000
Jan. 1,1937
($1,000)
o s Int. at Col. Fia.ATr.Co..I.ouisv., Trustee.
Boyids-No sinking fund, but bonds cm be called at 105 and int.
upon 6 months’ notice.
Road • Operates 8 v* miles of track in Rome, including an exten¬
sion to Ltndale. Standard gauge. 60-lb T rails.
An extension of 3
miles is proposed
OFFICERS-Pres., S. A. Culbertson; Vioe-Pres. and Gen. Man., S. S.
Bush: Sec. and Treat*.. L. W. Bolts, all of Lou sville, Ky.; Supt., H. J.
Arnold, Rome. - V. 83) p. 1591.
1st mortg.,
ROM^N.
Y.
ROME CITY STREET RY.-Controlled by Mohawk
Valley Co.
STOCK & Bonds—
Date.
Interest. Outstand g. Maturity.
Stook, $150,000 ($100) ..
$150,000
Rome City Ry., 1st Mtge..) 1900
5 g. A-O
200,000 April 1,1950
$200,000, gold ($500)c* s Int. at Trust Co. of America, N. Y., trustee.
6*85 miles of track, including sidings, Ao. Standard gauge
Rails,
65-lb. steel.
Earnings year ending June 30, 1906: Gross, $24,723;
net, $7,278; charges, $10.H68: deficit, $3,390.
Pres., Horace E. Andrews, Cleveland, O.: V.-Pres., John J. Stanley.
Cleveland; Treas., C.B.Rogers, Utica; Seo.,W. N. Keruan.—V. 79, p.270.
RUTLAND,
VT.
RUTLAND RY,, LIGHT & POWER COOrgan Zai ion.—Is a consolidation in Feb , 1906, of the Rutland
Street Ky the People’s Gas Light Co. and the Chittenden Power Co.
In Sept.. 1906. acquired the entire $180,000 stock ard $120,000 bonds
of the Rail md City Electrio Co. V. 83, p 626. Franchise ‘’believed
to be perpetual.”
,
Outstand'g. Maturity.
$1,500,0*10
M-S 1,500,000 Mar. 1,1940.
Int.
Date.
Stock dfc Bonds—
Stock, $2,0»K),000 ($100)
$2,000,000, gold ) 1906 5 g.
s lut at Lincoln Trust Co., N. Y., Trustee.,
Road—Owns and operates 25 miles of track in Rutland, extending
to West Rutland and to Fair Haven, on the New York State line, with
extension to Bomassen. Standard gauge; 60-lb. T rail.
OFF'CERS—Pres., G. Tracy Rogers, Binghamton; Vioe-Pres., Leo H.
Wise,New York; geo. and Treas., C. H. West; Gen Mgr., David Fox.
-V. 81, p. 503, 669, 727; V. 8i, p. 453; V. 83, p. 626, 1*72.
New mtg.,
($1.000)
SAGINAW, MICH.
SAGINAW
BAY CITY RY. & LIGHT CO-
Organization—This oompany was incorporated In New Jersey on
Aug 3,1903. an-i is a consolidation of the8aglnaw Valley Traction Co.,
the Bay City Traction & Elec. Co., the Bay City Gas Co., the Saginaw
City Gas Co. aud the Bartlett Illuminating Co. of Saginaw, thus con¬
trolling the street railway, eleotrio light and gas interests of the two
cities
E. W Clark & Co. of Philadelphia and Hodenpyl, Walbridge &
Co. of New Yoik ftnanoed the enterprise.
V. 76, p. 1250; V. 77, p. 95i.
Franchises extend from 16 to 30 years from 1903.
On Sept. 29,
1903, the Bay City United Traction Co., a temporary o
@FedFRASER