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imtmarRt-

SECTION.
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1

TO

104 INCLUSIVE.

FOR INDEX OF COMPANIES
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to 102.

have no extra copies of

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—

Street Railway
SECTION
OP THE

T OMMERCIAL

&

f INANCIAL ^ HRONICLE.

Entered according to Act of Consrress in the year 1906, by William B.

NEWYORK, FEBRUARY

Vol. 82.

The

Street Railway Section.

Terms for the Chronicle, including the four Sections above named,
are Ten Dollars per annum within the United States and Thirteen
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LONDON

B.

DANA COMPANY,

Publishers,

Pine Street, corner of Pearl Street,

New

Post Office Box, 953.

York.

THE LONDON UNDERGROUND ELECTRIC.
Following the death of Mr. Charles T. Yerkes, Mr.

Edgar Speyer was elected Chairman of the Underground Electric Company of London and Sir George
Gibb was made Deputy Chairman and Manager. The
growth of this great company has been so recent a
thing, accomplished as it was by American initiative,
that it is worthy of review in connection with a consideration of its possiiblities as an organizer and systematizer of London traffic, sharing the field, as it
does, with certain other tube railways, and also with
the London County Council, so far as tramway operation

concerned, but holding in

Office of Librarian of Congress,

24,

Washington, D. C.

1906

No. 2122.

old underground system

was recommended by

the Select Committee of 1863, although the inner cir-

The Street Railway Section, issued three times a year, in February,
June and Oet'j'» sr, is furnished without extra charge to every annual subscriber of the Commercial and Financial Chronicle.
The Railway and Industrial Section, issued quarterly, on the last Saturday of January, April. July and October, is also furnished without extra
charge to every subscriber of the Chronicle.
The State and City Section, issued semi-annually, on the last Saturday
of May and November, is likewise furnished without extra charge to every
Chronicle subscriber.
The Bank and Quotation Section, issued monthly, is also furnished
without extra charge to every subscriber of the Chronicle.

WILLIAM

Dana Company, in

cle

was not

finally

The next

completed until 18S4.

great step in the provision of

means

transport in

London was the adoption

way system,

in

which the

of mechanical

of the

rails are laid in

The blue

tube

rail-

an iron-lined,

London is easy
to tunnel, and as soon as this fact was demonstrated
by the work of the earlier companies, the new projects
sprang rapidly into existence. The first tube line the
City & South London, which runs from the Bank
across the Thames southwest to Clapham Common,
approximately four miles was authorized in 1884,
and the first portion of it was opened in 1890. The next
tube line was the Central London, which now runs from
the Bank almost due west to Shepherds Bush, a disdeep, level tube.

clay soil of

—

—

tance, roughly, of six miles, directly through the cen-

and on beyond the oval enclosed by the old underground railways.
The Central London Railway
was authorized in 1891 and was opened in 1900. Next
came the Waterloo & City, a short tube from the Bank
southwest across the river to Waterloo Station, a distance of about a mile and a half. This was authorized
in 1893 and opened in 1S99. The Great Northern &
City Railway, which runs from Broad St. half a mile
north of the Bank, in a general northerly direction
out to Finsbury Park, a distance of about three miles
and a half, was sanctioned in 1892, but was not opened
tre of

for traffic until 1904.

This completes the

possession a system

list

of the

lines that are now actually open at the present time;
and presumably better organ- but the Baker Street & Waterloo Railway, with a line
ized, than any of those with which it competes in the from Paddington Station to Waterloo Station, by way
metropolitan area.
of Regent's Park and Piccadilly Circus, a total distance
The casual visitor a year or so ago would certainly of slightly under four miles, w as sanctioned in 1893 and
have carried away the impression that London was is now almost built, while considerable work has been
dependent for its rapid transit facilities upon the done on the Charing Cross Euston & Hampstead Railwretched loop service of the Metropolitan and the way, which was also sanctioned in 1893, to run from
Metropolitan District underground railways, and upon Watford, northwest of London, to Euston Station
the omnibuses and cabs running within the enclosed and thence southeast through Charing Cross and crossarea. It is surprising to note, therefore, that the recent ing the river to the Elephant and Castle, with a
report of the Commission on London Traffic lists 11 branch in the northern part of London from Camden
subway lines in London either built, building or au- Town to Highgate. This line will be not far from
thorized. In order to hold clearly in mind the situa- miles long when it is completed
at once the longest
tion as it existed prior to the entrance of Mr. Yerkes and the most comprehensive of the tubes in its scope.
and the Speyers in the field, and since their advent, Besides these lines, two other projects the Brompton
it may be well to take these companies up for a brief
& Piccadilly Circus Railway, sanctioned in 1897, and
discussion in their historical order.
the Great Northern & Strand, sanctioned in 1899,
is

its

of lines better grouped,

T

—

—

—

.

.

,

STREET RAILWAYS.
have been amalgamated under the name of the Great
Northern, Piccadilly & Brompton, and are now being
bui't as a route from Hammersmith to Holborn, near
the British Museum, and thence north through King's
Cross to Finsbury Park, a total distance of not far
from nine miles. There remain to make the list complete two other lines, which have been sanctioned but

—

[Vol. lxxxii.

Council has opposed amalgamation in Parliament, and
has been able, thus far, to prevent the physical connection and freedom of interchange between the com-

ponent parts

of the

system which

is

lishment of actual rapid transit.

so vital to the estab-

But there
London

indications that public sentiment in

are
is

many

getting

away from the idea that its rapid transit should be
the City & Brixton, made up of a group of short, disconnected, independent

have not yet begun building
which is authorized to run from a connection with the links, and the best opinion at the present time is that
City & South London Railway, south of the Thames, the day is not far off when amalgamation and connecwest to Lambeth Road and south to Brixton, a total tion will be sought, rather than opposed, by the muof about three miles and a half, and the Northwest nicipality.
The problem which confronts Sir George Gibb is to
London Railway, sanctioned in 1899 to build from the
Marble Arch to Cricklewood, four miles due northwest. harmonize these diversified routes and develop a traffic
that has been singularly sluggish so far as the past
It is therefore quite evident that the status of rapid
transit in London is about to undergo a remarkable workings of the steam underground lines has been concerned. It is not surprising that this has been the case,
change.
It was during this transition period that Mr. Yerkes however, for the loop method of providing rapid transit
and his American and British associates came into the in a chy is a thoroughly discredited one, since it must
field. Gradually, and with the exercise of considerable necessarily tend to run near or around traffic points inskill in order not to antagonize the conservative tradi- stead of through them, while from the very plan of its
tions of the people with whom he was dealing, Mr. location it is a roundabout instead of a direct route.
Yerkes acquired the Metropolitan, the Metropolitan Add to this the slowness of the steam trains and the
District, the Great Northern Piccadl y & Bromp on, genuine discomfort caused by breathing air heavily
the Charing Cross Euston & Hampstead, the Baker charged with smoke and gases emitted by the locomotives, and the unpopularity of the old underground
Street & Waterloo and the London United Tramways
an enterprise worthy of the highest praise as an exam- lines is easy to account for.
In a word, rapid transit in London, both from the
ple of successful diplomacy, entirely apart from other
standpoint of the traveler and of the investor, lies all
considerations
company, the Underground Electric in the future, while the new Deputy Chairman of the
Mr. Yerkes's
Railways, Ltd., dated its corporate existence from Underground Electric Company will have an all-im1901. Following

its

organization,

electrification of the

old lo p was undertaken and has now been completed,
and a successful tramway manager, Mr. John Young,

portant part in determining

how

this future shall

be

George Gibb comes to his task from the
managership of the North Eastern Railway, where he
of the Metropolitan District Railway, has been strikingly successful in effecting economies in
was put in charge
which may be described (without going at length into working through better train loading, electrification
the rather complicated details) as working most of the of suburban territory and a general sharp watchfulness over all details of operation. He has never folshort-haul train mileage on the loop.
siudies a map of Lon- lowed the traditions of British railway management,
It is evident to any one who
don an d it is extremely hard for any one without a and has again and again taken measures that have
map in fro nt of him to comprehend the situation that made him unpopular with his associates in the other
the Yerkes-Speyer syndicate secured the cream of the companies. He has been called a radical, a theorizer
prospective rapid transit traffic in London. It is true, and a novice because of his constant experimentation
the syndicate will have competitors at many points. with principles of railway operation that have elseThe Great Northern Piccadilly & Brompton line must where been accepted as fundamental. Coming to the
compete for its east-and-west traffic with the Central railway as a solicitor, with an inquiring mind and a
London, and for its north-and-south traffic with the Scotch temperament, he accepted nothing as proven
Great Northern & City. The Charing Cross Euston & until he himself had proved it; an attitude much less
Hampstead tube must likewise compete with the com- understood in England than it would be in this counbined forces of the Northwes London and the Central try.
As a logical result of the methods he has always emLondon, unless the Northwest London, being still only
a project, becomes diverted, as potential competitors ployed heretofore, we can feel sure that Sir George
have been known to be diverted in such case >; but the Gibb will study the London transit problem as he
Indeed, he has
(ombination which we may, for purposes of brevity, studied the North Eastern Railway.
American group of lines, reaches the already done so, to a certain extent, through his condescribe as the
nection with the Royal Commission on London Traffic
best territory and reaches furthest into it
In evidence given before the Royal Commission on which presented its report last fall. It is true that a
London Traffic, Mr. Yerkes said: "The acme of railway very different kind of a problem confronts him from
transportation in the city of London and its suburbs any that he has heretofore encountered. On all of the
would be that a person could travel from any one point established steam lines in England to-day the p oblem
to any other point, making connection from one line is not how to make money but how to save it. On the
to another, all for a single fare. That would be the rapid transit tubes in London the reverse is distinctly
perfection of travel, and it will never come about unless true. The people of London, it is fair to say, have at the
there is an amalgamation of the railways. Heretofore, present time no conception of rapid transit as rapid tranLondon has been doing its best t keep people in some sit is viewed in New York. If Sir George Gibb can so orparticular zone. There has been no encouragement to ganize and harmonize his lines as to train the London
The London County citizens to live further away from their places of busithem to get rom tha zone."

—

—

shaped.

Sir

i

STREET RAILWAYS.

Feb., L906.

Michigan,

ness than they have heretofore lived, thereby securing

Indiana,

Illinois

and Wisconsin

— earned,

lower rents, and to use the rapid ransit lines for noon- gross, only $6,522 per single track mile (year ending
day and non-rush hour traffic, as our rapid transit sub- June 30 1904) of which freight contributed $4,477.
way is used, he can surely make a fortune for his spon- The Ohio trolley lines also did a total freight and
t

man, with a express business of $564,254, which contributed $179
most interesting problem, and he can be relied upon to per mile to the figure already given, while their passenger business and other earnings amounted to $7,680
develop it surely, if slowly.
per mile, as compared with $2,045 for the passenger

sors.

At any rate, he

is

a strong and able

THE ELECTRIC LINES OF THREE STATES.

train earnings of the Central-Northern

steam roads.

This figure shows most graphically the new traffic
taken as a whole, are extremely bad. The Inter- which the electric lines have created for themselves.
state Commerce Commission does not require from In the 1905 year they earned, gross, some ten per
these properties the same careful statement of facts cent on their capitalization; how much the net earnthat it requires from the steam road; the State com- ing were we are unable to say. The steam roads in

The

statistics of the trolley lines of the

country,

and the the Central-Northern group earned 18 per cent gross
student of trolley operations is hard put to it to find on their capitalization in the fiscal year ended June 30
any figures that are at once useful and comprehen- 1904. Per capita earnings of the population served
sive.
As we have said before in these columns, ran as high a-; $12 82 in the case of the Cleveland
Massachusetts stands out as a shining example o a Electric; on most of the interurban lines they ranged
State with a real railroad commission; and the re- from $1 25 to $3 00 generally being nearer the lower
turns from the street railways which it reports are figure. The estimate of die population reached and
now at hand, and furnish much helpful information drawn on for traffic is necessarily an arbitra y one in
on the conditions existing in the East. The New such cases; where a large city lies at one end of the
York Railroad Commission has also compiled trolley route a figure representin a pa t of thi population
statistics which possess some value, although they is usually taken.
The Massachusetts statisti s, prepared on ;h same
leave much to be desired in form, in fulness and in
It is possible to suppl ment the returns basis as those for the steam railroads of the State,
clearness
from these States with a table which the "Street -are much more full and careful. The total single
Railway Journal" has recently presen ed of the lines track mileage in the S ate amounts to 2,668, of which
405 miles is second track and 151 miles sidings. In
in Ohio.
The Ohio figures labor under the disadvantage that order to use the other figures given, however, it is
operating expenses are not shown; the New York necessary to add the mileage outside the State owned
figures are much impaired for statistical purposes by by Massachusetts companies and included in their
apitalization, which brings the total up to 2,777
the fact that the wholly extraordinary results from
the operation of the elevated, subway and surface miles; an increase for the year of 52 miles (the Massalines in New York City are lumped in togethe with chusetts fiscal year, as reported, ends Sept. 30).
As
the country lines. Yet, some very interesting re- previously stated, the capitalization of these lines is
The ~um here insults are shown, in spite of the obvious imperfections, at the rate of $50,772 per mile.
and it is possible to trace certain broad tendencies cluded is capital s ock and net debt, arrived at by
in the three States which, along with Indiana and adding the funded and unfunded deb and subtracting
The unfunded debt of elecIllinois, constitute the most important trolley centres cash and current assets.
tric lines is apt to be large in proportion to the total,
in the country at the present day.
The total electric railway mileage in Ohio for the and if the Ohio properties had been est mated in the
year ending April 30 1905 was 3,151. This figure ame way, their capitalization
would
doubtless
means miles of single track; no statistics of route have stood at a figure even higher than that reported.
The Massachusetts roads earned $10,313 gross per
mileage are available. But as 2.129 miles of the total
single-track pile in 1905, and their operating exwas interurban— a figure in itself of the highest interest as showing the tendency in the Central States penses, rentals of leased lines and t xes
mounted
to compete with the steam roads
the difference to $7,798. The percentage of dividends paid to total
between route mileage and single track mileage is capital stock was 4.51, as against 4.69 in 1904, 5.24
less than is the case in New York or Massachusetts. in 1903, 5.23 in 1902 and 6.32 in 1901.
The present
The Ohio capitalization works out at $27,526 bonds pe centage is con iderably the lowest reported since
and $48,916 stock, a total of $76,442 per single the beginning of the statistics in 1896. In fact the
track mile. It is almost needless to say that this is whole trend f the dividend table suggests a comparitoo high; the Massachusetts roads now stand at an son with the steam lines of Grea Britain, that have
issued capitalization of $50,772, based on fair replace- shown a tendency gradually to scale their rates for
ment value, as closely as the commissioners of that many years past because their earnings have not inState can apportion it, and they view the recent in- ceased as fast as their capital obligation-. The
creases with disfavor, although the prevalent Massa- Massachusetts
able is even the more discouraging
chusetts mileage in paved city stree:s is much more because of the intelligent and watchful supervision
costly to build than the highway lines in Ohio.
with which the Commission regulates all new issues
Gross earnings in Ohio for the year under review of capital. Jt points unerringly to the conclusion
Mounted to $23,765,007, an increase of $2,270,650, which we h ve pointed out in p evious issues, that
or a little over 10 per cent from the 1904 year.
These the most s?rious danger now confronting the trolley
earnings figure out at about $7,859 per single track lines of the country is the tendency to carry fo ward
mile; an extremely creditable showing, for the steam too small a surplus, and to trust confidently to new
lines of the Central-Northern group of State
Ohio, business to provide for wdiat should really be classed
missions

are

usually

lax

or

incompetent,

—

2;

•

—

'

J

1

—

—
a
STREET RAILWAYS.
maintenance expenditures. Per contra, the Massachusetts steam railroads paid dividends in 1905
amounting to 6.4S per cent of the total capital stock
as

the highest percentage in ten years; while the general

tendency, with but a single relapse, has been uni-

formly upward

worthy that the lower dividend rate

may

this year

But

during the period.

it

s

note-

of the trolley lines

be attributed, in part, to consermanagement, since the surplus this year
fairly

vatism of
stands at a higher percentage to total capitalization
(8.73) than it has in any year previously reported.
But the Massachusetts steam roads in 1905 carried
forward a surplus equivalent to 18.31 per cent of their
capital, as against 17.02 per cent in 1904, 16.33 per

cent in 1903 and 16.70 pe

bad year 1S97 the surplus
just

cent in 1902.
of

In the

the steam roads was

about proportionate to the current surplus of

the electric roads.

The

amount

total

dividends declared by the

of

—

|

Vol. lxxxii.

was 286,634,195, a decrease of 20,252,265,
due to the opening of the Subwa5^. But the Subway
carried a volume of traffic out of all proportion to the
losses sustained by the elevated, with 72,722,830
passengers from the date of its opening, Oct. 27 1904,
to June 30 1905.
The New York City Railway carin 1904

it

ried 476,929,345 passengers

(including transfers)

Thus the

against 433,114,493 in 1904.

total

as

move-

ment on Manhattan Island, including street, surface
and elevated, and adding the Forty-Second Street

&

Manhattanville
in the

New York

Avenue, not included

St. Nicholas

City statement, amounted during

the year to 842,160,084 passengers;

a figure so large

convey scarcely any impression to the mind,
it is remembered that all the steam
railroads in the country together carried nearly 126
million Jeicer passengers than this in the year 1904!
Of the twenty-four principal surface lines shown in
the volume of the report at hand, five have car-mile
as

to

except when

Msaschusetts trolley lines in 1905 was $3,174,505
Thirtydecrease of 839,991 from the preceding year.

ably higher than car-mile earnings.

cost of the street railways of the State per mile of

Manhattanville

main track (including the cost but not the length
of side track) as it stood on the books of t he companies
Sept. 30 1905 was $27,876 for construction, $10,112
for equipment, and $13,321 for lands, buildings, including power-plants, and other permanent property;
making a total average cost of $51,309 per mile.
This capital cost showed a general downward tendency

figures are 23.61 cents

operating expenses (including fixed charges) consider-

The most striking
five out of the ninety-eight companies paid dividends cases under this head are the New York City Railway,
ranging from two to ten per cent; sixty-three com- with car-mile earnings at 33.21 cents, and car-mile
The average expenses at 40.71 cents; the Forty-Second Street
panies declared or paid no dividends.

during the

expansion

first

four years of activity in street railway

—from

1899

— and

a holding company to take care of

the head of construction, which carries the suggestion

road.

that the lines were not fully maintained out of earn-

Th Commissioners

for

which the

and the Albany &
and spent 33.87 cents per car mile. On the other
hand, the city lines in Buffalo, Albany, Rochester
and Syracuse showed a handsome working profit.
A noteworthy feature of the street railway year in
New York which the Commissioners do not mention
has been the formation by the New York Central of
it,

to

Avenue,

St. Nicholas

and 31.06 cents respectively;
Hudson, which earned 26.57 cents

reached the
minimum of 842,979 in that year. Since then it has
risen steadily, showing the largest increases under
1896

&

similar

to

the Consolidated

its electric lines

for

Railway Company,

New Haven
Mohawk Valley

which performs a similar service for the

known

This company,

as th^

Lines, has been given an office at the

Grand Central,

Mr. Horace E. Andrews, who
attention to the fact
that the returns of the year just closed show some has for many years been an active street railway
improvement, but add that unwise promotion, in- builder and manager in Cleveland and in Western
The New York Central has not
crease in cost of operation and the sins of past manage- New York State.
ments, in paying dividends with earnings that ought yet made public a report of the workings of its electric
to have been used in the renewal of properties, make properties, but it has been adding materially to their
the task of placing many of these railways upon a mileage within the past few years, and is known to
prosperous footing a difficult and a tedious one.
have contemplated eventually running joint services
ings.

'

The New York report
tually

ways

most
in

information relative to street

of the

rail-

by combining the figures of the
and the Subway in the total. More-

Subway

certain

localities

traffic, collecting

of

dense

suburban

passenger

passengers in interurban cars in the

city streets

and running these

portions of

its

cars over the electrified

system, with limited stops.

It

now

New York

City lines are

m

an impressive

the evidence afforded that the steam

of a general

Certain figures of the

in

in charge of

seems unlikely that this will be a development of the
near future, but thejsignificant fact of the recent purchases and the^formation of the holding company is

statistics are for a single

and destroy the value
1904.

serves to conceal quite effec-

the State

elevated lines
over, the

and placed

call

year only,

comparison with

reported separately, however, and fo v

company appre-

The total num- ciates the value of rolley lines as an adjunct to its
ber of passengers carried on the Manhattan Elevated regular business, and is going to make use of them,
during the year ending June 30 1905 was 266. 3S1 ,930; instead of c mpetingTwith them.
record of tremendous traffic density.

)

,

Street Railways.
SECURITIES

AND REPORTS.

In using the series it is to be remembered that they are inter-dependent
This is one of our four Extra Sections.
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
last statement in this publication.
full Index which shows where each railway will be found is also given on the closing pages.

A

AKRON, OHIO.

NORTHERN OHIO TRACTION

CO —Trolley.

& LIGHT

;

Ohio as successor In Dec, 1902, to
the North. OhioTraotion Co., having exohanged its securities for the
common and preferred stock of the latter per terms in V. 75, p. 733.
It Is one of the Everett- Moore properties.

Organization— Incorporated

Stock

Common

&

Bonds—

In

Date.

Outstanding.

Interest.

stock, $7,500,-

000(par$100)
Ak. Bed.

Maturity.

$6,900,000
S

& Clev.

M, )

1st

• QQt
k „ •»« a
Intere8tat Central
r

c N
^300,000

Sept. 1,1915
Y., trustee.
°5 g. J. -J. 2,700,000 Julyl,1919
North Ohio Trap mort s < 1899
«innnnftnT«iftnm «'» \ Int at Central Trust Co., N. Y., trustee; or
iM.ouu.uuu (*i,uuu)...c
^ Dime Savings <fe Banking Co., Cleveland.
Northern Ohio Traction & ) 1903 4&5g J-J 2,800,000 Jan. 1, 1933
Light 1 st consol. ($1,000) >Int. at Cit. Savings & Tr. Co.. Cleve., trusgold. $7,500,000
o*) tee, or at First Nat. Bank, New York.
bonds— Of the $3,000,000 Northern Ohio Traction bonds, $300,000
are reserved to retire the Ak. Bed. & Clev. gen. mtge. of 1895. Bonds
listed on Phlla. Stock Exchange in Oct., 1901.
Of the $7,500,000 No. Ohio Trac & Light consols., $3,000,000 are
reserved to retire the No. Ohio Trac. bonds, and $1,700,000 are held for
future requirements; $1,000,000 are 5s, all outstanding; the rest 4s.
Plant— Operates 105-18 m. of track, including the Akron & Cuyahoga Falls Rapid Transit. Extends from Cleveland to Akron, and
from Cuyahoga Falls through AAron to Barberton, and to Kent and
Ravenna. Also owns 1,011 acre** of coal land in Noble County. Rails,
50, 56, 70 and 80 lb. T and 73-lb. girder, standard gauge; operates
126 cars. Embraces electric-light systems of Akron and Barberton.
Gross.
Net.
Charges.
Sarplu*
REPORT -Year Deo. 31.:
1905
$963,187 $446,797 $276,744 $170,053
1904.
895,731
408,751
273,664
135,087
OFFICERS— President, H. A. Everett, Cleveland, Ohio; 1st Vice-President, Will Christy, Akron; 2d Vice-President and Gen. Manager, ChasCarrie, Akron; Treasurer, J. R. Nutt, Cleveland; Secretary, C. F. Moore.
Akron. General offices, Akron.— V. 80, p. 712; V. 82, p. 278.

lovers

27? mnes

.

5

-

'

-

ALBANY,

N.

ail

was acquired by the Delaware

&

Hudson

&

BONDS—

Date.

Co., the price paid being

Outstanding. Last div., d-c.
06
$4,999,950 \ FeX
4i«g. M.-N.
Debentures, $1,250,666)1901
456,000 May 1, 1919
gold ($1,000)... .... r s Int. at Nat. Commercial Bank, Albany.
Cons, mort., $6,500,000, > 1904 4^g. J.-D. 1,229,000 Juue 1, 2004
gold ($1,000)
c* 5 Int. at Central Trust Co., N. Y., trustee.
Bo'ds— Of the con-ol. mortgage of 1904. $3,912,000 is reserved to
retire prior liens and $1,359,000 for future improvements and betterments. No sinking fund, and bonds are not subject to call. Directors
mav fix rate of interest, but not exceeding 6 per cent; present issue is
at4>3p.c. The debentures may be called on any interest date on
three months' notice at "a 5-per-oent interest rate for the unexpired
term as calculated in standard interest tables." V. 73, p. 1113.
1

Interest.

>-^

'

Securities op Albant Railway.
Date.
Interest
Outstanding
Maturity
5th Mortgage
1888
5 M.-S.
$32,000 Sept. 1, 19i3
Consol. M. ($500,000),) 1890
5gJ.-J.
428,000 Jan. 1,1930
o' gold $1,000)
* Interest at Central Trust Co., New York.
Gen. mort, $750,000, \ 1897
5g.J.-D.
496,000 June 1, 1947
gold
5 Central Trust Co., New York, Trustee.
Leased line securities—
Wat. T. & RR.—
1889 6 M. - N.
$350,000 May 1, 1919
$
1st m. int. guar
int
let
^ Boston Safe Dep. & Tr. Co., Boston! trustee.
1890
6 M.
150,000 May 1, 1919
2ndM r> A i1. guar. $ Metropolitan - N.
2nd M., p. & guar
J
Trust Co., N. Y., trustee.
The Albany Ry.gen.mort of 1897 was for $750,000, of which $254,000
were reserved, but consolidation makes reservation inoperative.
Securities of Troy City Railway.

STOCK

&

BONDS—

M

Date.

Interest.
Outstand'g
Maturity.
5 g. A-0
$2,000,000
Oct. 1,1942
Interest paid by Trustee, Central Trust Co., N. Y.

Troy City lstcon.M.,) 1892
g.,$2,000,000..c*&r

\

ALLENTOWN, PA.

LEHIGH VALLEY TRANSIT CO -Aa trolley road.
reorganiza1905, and
Organization.— Incorporated on Nov.
is

3,

under foreclosure of the Lehigh Valley Traciion Co.. the Plula. &
Lehigh Val. Trac., the Allentown & Slatington andtheCoplay Egypt &

tion

Ironton as per plan in V. 79, p. 733, 1462.
Owns the following stocks and leases:

Oap. slock,

Name of company—

Owned. Total issue.
Allentown Eleo. Light & Power Co. (common) .. $150,000
$150,000
do
(preferred)..
10,000
150,000
Quakertown Traction Company
.
275,000
300,000
*• Springhouse Turnpike Road Co
Chestnut Hill
61,700
70,000
Slatington Power Co
50,000
50,000
Rittersville Hotel Co
100,000
100,000
Allentown.<fc Bethlehem Turnpike Co. (com.)...
25,000
25,000
do
(preferred).
None
25,000
Lease of Allentown <fe Coopersburg Turnpike Co.
Lease of Bethlehem & Nazareth St. Ry. Co lease is 5% on stock and
bonds.

$150 per share 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 and RR.
[chartered in H28] and the Troy City Ry. [chartered Jan. 31, 1866].
See V. 69. p. 1147, 1300; V. 70, p. 77. Has contract with Hudson River
Power Transmission Co. of Meohanicville for supply of power. V.
69, p. 541,909. Franchises in Troy and Albany, except fo" line on
Delaware Ave (a short line on the outskirts of Albany), which expires
Aug. 8, 1951, are believed to be perpetual. V. 79, p. 2698
Has traffio agreement with Albany & Hudson RR. Co., the Hudson Valley Ry. Co. and the Schenectady Ry. Co., by which these roads
obtain entrance into Albany and Troy.
The Cohoes City Ry. was sold at foreclosure in 1904 and reorganized
as Cohoes Ry. Co., with $1 20,000 stock aad*84,000 bonds. Both stock
and bonds of the new company are deposited as secuiity for bonds of
the Albany Ry.
Stock (par $100) $5,000,-

.

;

"Y.

UNITED TRACTION.-A trolley road. of this company
In Nov., 1905,
but 40 or 15 shares of the stock

STOCK

The Troy City leased roads Include Troy & Cohoes, stock $50,000,
dividends under lease 7 per cent; Lansingburg & Cohoes, stock
$15,000, dividends under lease, 7 p. o.; Troy & Lansingburg, stock
$700,000, owned by Troy City Ry. total, $765,000. The Waterford &
Cohoes RR., $25,000 stock, receives 7 p. c. yearly under lease.
Dividends— First quarterly dividend, Ik per cent, was paid May
1, 1900; same rate since up to and including February, 1906.
Road— Operates 85 miles of track, of which 67 miles owned. Lines
connect Albany, Troy. Cohoes, Rensselaer, Watervliet, Lansingburg,
Green Island, Waterford, etc. Has 406 cars, Including 1 2 snow plows
9 sweepers and 18 service cars. Carries express and light freight
Annual Report—Years ending June 30th.
1905.
1904.
1905.
1904
Gross earna.$l,714.849 $1,690,205 Interest
$254,040 $216,892
621.137
588,343 Tax,ren'ls,eto
Net
91,192 92,261
Other inco
17,603
14.536 Dividends 596
249,997 249,997
Netincome
638.740
602.879 Balance sur
43,511 43,729
Officers— President, David Willcox, New York; Chairman of
Board aid Vice-President, Abel I Culver; Sec., Chas. G. Cleminshaw,
Troy; Treas., James McCredie, Albany; Supt., Edgar S. Fassett; Supt.
Express and Freight, John W. Gibnev Principal office, Albany.— V.
81, p. 1552, 1611; V 82, p. 82, 'p. 162, 393.

By ownership
Co and

of a majority of the stock of the Allentown El. L. <fe P.
all the stock of the Slatington Power Co., it controls the busi-

ness of the following light, heat and power companies:
Allentown Electric Light & Power Co.
Bethlehem Electric Light Co.
Leased to the Allentown Eleo.
>
South Bethlehem Eleo. Light Co. $ Light & Power Co.
Slatington Power Company.
Citizens' Elec Light, Heating & Power )
Leased to the Slatingtm
Co. of Slatington and Walnntport.
S Power Co.
Date. Interest. Outstanding.
Maturity.
Stock
Bonds—
Common, $3,000 .000
(1)
Pref
$5,000,000.
5)
(?)
p.c. cum. after 5 yrs. j
Is 1
.
gold } 1905 4-5g.M-S
$4,640,000 Dec. 1, 1935
$5,000,000
($1,000)...
C5 Guaranty Trust Co., N.Y Trustee
Cons.
$7,500,000 ...
See text.
(?)
.
Quakertown Trac. 1st mort.,) 1901 5 g. M-S
300,000 Sept. 1,1931
$300,000, g.. ($100 $200. >Iut. at Commonwealth Tr. Co Harrisb.,
$500, $1,000)
o*> trus:. Can be called at 105 and int
Beth. <v Naz. St. Ry. stock
150 000
5 p. c. guar.
Bonds
5
150,000
Macungie Ext. bonds
5
60.000
stock—Stock (both classes) is held in a voting trust for three years
from Nov. 3, 1905.
Bonds-Ot the first mortgage for $5,000,000, $2,770,000 bear 4
per cent interest and $2,230,000 5 per ot. Of the $7,500,000 consols,
(on which interest does not accrue until November 3, 1906)
$2,500,000 are 4s and the other $5,000,000 5s. The latter are reserved
to retire the first mortgage. The 1st mtge. bono' s are redeemable on
«ny interest date, the 4s at 105 and the 5s at 110; $360,000 of these
bonds a'e reserved to take up the $300,000 Quakertown Tract, bonds
and the $60,000 Macungie Ext. bonds
Road— Owns 103 miles of road and 16 miles of 2d track. Leases 9
miles and controls 10 miles through stock ownership. Total operated
140 miles. Gauge, 4 feet 8*2 inches; 60,70 and 90 lb. T and girder

&

,

M

,

M

i

,

,

rails.

Operates 157 cars.

Earnngs. —For calendar 1905 (railway and

lighting d^pt.combined,
gross, $1,010,939; net, after taxes, $354,225; fixed charges, $272,500; surplus, $81,725.
Officers— President, Col. H. C. Trexler. Vice-Pres., E. M.Young,

Secretary and Treasurer. Chas. N. Wagner: Gen Mar, Warren E.
Hall; Auditor, C. M. Walter.— V. 80. p. 1912, 1971, 2218, 2399, 2458,
2621; V. 81, p. 507, 726, 841, 1550. 1665: V. 82, p. 392.

ALLENTOWN & READINO TRACTION CO

—A trolley road.

In Nov 1905 it was reported that control of this company had
been acquired by the Pennsylvania RR. V. 81. v. 1492.
Organization— Incorporated April 25, 1898, anil leased the Allentown & Reading Electric Street Ry. for 290 years from June 4, 1898.
On Feb 6, 1902, leased for 290 year-) the Kutztown & Fleetwood St.
Railway. Controls the Kutztown Light. Heat <* Power Co. Connects
with United Traction Co. tracks from Heading, thus forming a through
line from Allentown to Reading.
,

)

STREET RAILWAYS.

(>

Stock

&

Bonds—

Btoek, $750,000,

Dale.

Maturity.

Outstanding.

Interest.

$50

$250,000
250,000 J'ly 1,1930

1900 5 R. J-J
mort, $250,000, gold,
Int. at Fidelity Trust Co., Phila., Trustee.
$100. $500 and $1,000
Fleetwood,) 1Qni,
1st M.Kutz.
200,000 Jan. 1,1932
lyu ~ 5 g. J-J
$200,000, guar. p. & 1... J
5 c. J-J
300,000 July 1,1932
1st eonsol. M., $750,000. ; 1902
g. <$tO0 & $1,000). .o&rs Int. at Integ. Title Ins.* Tr.Co.. Phila.. trus.
Bottds-Ot the $750,000 of new oonsols, $450,000 are reseryed to
retire prior liens. The new bonds are subject to call at par alter
July 1, 1917; no sinking fund. The $250,000 first mortgage bonds
are subject to call at any time after July 1, 1910, at par.
Earnings— For year ending December 31, 1905, gross, $161,593;
net, $57,655. In 1904, gross, $141,781.
Road— Operates 39-60 miles main line, 7-50 miles sidings— total,
4710 miles; 4V cars.
OFFICERS— Prest H. F. Ahrens, Reading; Vice-Prest., S. A. Hoffman;
See.. A~a R. Beers. Maueh Chunk; Treas., Geo. B. Schaeft'er; Supt.. I. 8.
Ruth. Allentown.-V. 75, p. 1398; V. 76. p. 157: V. 81, p. 1492; V. 82,
p. 216.
1st

i

.

&

;

.

ALTON,

ILL.

ALTON GRANITE & ST LOUIS
company.

CO-- A

holding

In Feb., 1906, it was reported that E. W. Clark & Co. of Philadelphia
were negotiating for the purchase of this property with the view to
con»olidating it with the East St. Louis & Suburban Co. V 82, p. 159.
Organization— Incorporated in Conneoticuton Sept. 28, lf04, and
own- the entire capital stook of the Alton Granite & St. Louis Tracnon
See
Co. and the whole $500,000 stock of the Alton Gas & Electric Co
V. 79, p. 1640. The latter company controls the gas, e'ec. lighting and
heatinir properties of Alton, Upper Alton and North Alton. No bonds.
Last n iv.
Outstan'g.
Interest.
D»te.
Bonds—
STOCK
$2,150,000
Common, $2,500,000, $100
Preferred, $1,000,000, 5%
500,003
nnm «1 fin
i
cum., $100
S
Earnings -For calendar year 1905
$177,772
Railway
$255,373 Net earnings
7,915
121,39a Taxes
Gas and electric

&

Balance.

$376,768

Total gross

Railway oi er. expenses. $131, 515 Interest
67,431
Ga* and electric

.

Surplus
Total oper. expenses $198,996
J. F. Porter; Pec, H. E. Weeks.- V. 79,

Officers— Pres.,
/

)

)

ALTON GRANITE &

ST.

$169,857
86,683

p.

$83,1-74
1640.

LOUIS TRACTION CO.

Organization— Incorporated In Illinois onSept.8, 1904, as the Alton
ASonthern Ry., with $100. OOO capital. Name was changed later to the
above and stock increased to $3,000,000. Is a consolidation of the
Alton Light & Tract.Co. and the Granite City * St. Louis Ry. Co. Has
10-year contract from Sept. 1, 1903, for city lighting Alton railway
franchise expires 1948; Alton electric light franchise, in 194*3 Alton
gas franchise )s perpetual; Granite City franchise expires in 1925;
Madison franouise in 1925; Venice franchise in 1P20; Brooklyn franchise in 1921; East St. Louts franchise in 19<!4; and franchise for
county road crossings in 1925.
;

STOCK

&

BONDS—

Date.

M

1st eon
<RS 000 000
*
„1
„iS <$i,uuu)
goia ,'Jf nnn,' ..
..c

Outstanding.
$3,000,000

Interest.

Stock, $3,000,000

1904 5

(
\ Int.

«••

FA< ^Q 04 000
-

Maturity.

&

_
F. E.Allen: Treas. ,C. A. Cald-

Officers— Pres., J.F.Porter; V.-Pres.
well; Sec'v, L. C. Haynes. V. 79, p. 1640, 2084; V. 80, p. 1110.
p. 973; V. 82, p. 159.

V. 81.

(2) EDWARD8VILLE ALTON & ST. LOUIS RY.
Organization- Incorporated in Illinois on January 14. 1905. with
$300,000 stock (par, $1<'<'), and operates a line Similes in length from
Mitchell (where connection is made with the Alton Granite & St.
Louis Traction Co), to Edw^rdsville. No bonds have been Issued.
Is controlled by interests identified with the Alton Granite* St. Lonls
Co., and. we are informed, may Jarer be acquired by that company.

—

OFFICERS— Prest.,
Treas, J.

P.

F. E. .Alien; Vioe-Pret-t., L.

Haynes; Sec. and

Porter.
_

ALTOONA,

SOUTHERN TRACTION
Organization —Incorporated

STOCK

C.

&BrNDS—

PA.
ST.

RY.-A trolley road.

in Pennsylvania

Date.

Interest.

on March

Outstanding.

7, 1905.

Maturity.

Stock, *2SO,000, ($50)
$250,000
First mortgage $500,000. ) 1905
6 g A.-0
1915
gold ($500 & $1,000) c* J tDt. at Re. Est. Tit. & Tr. Co., Altoona. Tr.
Bonds are subject to call in 1910 at 105; 3 p. c. of gross earnings
per annum is payable to a sinking fund,
R IAD- Has under construction 18 miles of traek between Altoona
and Roaring Springs Gauge, 5ft 3in. Rails,60 lb. T and 1001b. girder
Officers President, F. g. Patterson, Sec -Treas., F. J. Thompson.
V. 81, p. 1376.

ALTOONA & LOGAM VALLEY ELECTRIC
RAIL WAY -Acquired by American Railways Co., which 6ee

onder Philadelphia.

AMHERST, MASS.

AMHERST & SUNDERLAND STREET RYOrganization.— Chartered in 1896. Owns 162-jmiles

Stock

&

Bonds—

Stock, $120,000

Date.

Interest.

of single track.
Outstand'g.
Maturity.

$120,000 Oct., '02,2%
5 F_A
117,000 Feb. 1,1924
$117 000 ( 1904
Interest at First National Bank, Amherst.
gold <*500)
cArl
,-T0UW
c&T
E. D. Bangs, trustee
l
Bonds - Honds are subject to call upon 10 days" notice at 105.

1st

morteaee

Dive, of 2 % were paid Apr. 2 and Oct. 15, 1900, Apr. 20, 1901, Oct. 21,
1901, April 20, 1902, and Oct. 22, 1902. None since. Gross earnings
from operation for year ending Sept. 30, 1905, $31,318; net, $4,029;
fixed charges, $7,439; doficlt, $3,107. President, W. D. Cowls; VicePresident and Treas., M. A. Diokinson; Clerk, Chas. H. Edwards; Supt.
and Gen. Man.,H. M. Aldrioh.— V. 74. p. 93; V. 78, p. 701.

AMSTERDAM,

AMSTERDAM STREET

N. Y.

RR.-This

road, together
with the Cuyadurta deotrio Ry., was consolidated in December,
1902, with the Fonda Johnstown & Glovesville RR. See statement of
the latter in Railway and Industrial Section.

ANDERSON.

IND.

INDIANA UNION TRACTION-

ORGANIZ^TI^N — Incorporated in Indiana on June 9, 1903. Company
lenses Union Traction Co. of Ind. from June 30, 1903, for 999 years.
Original lease provided for dividends on the common stock of the
Union Tract. Co. (In addition to fixed charges and 5 p. c. on the pref.
stook), but this lease was modified by vote of stockholders of both
companies in July, 1904, and dividends on common stock of Union
Traction Co. row depend upon earnings. In Dec, 1905, acquired entire stock of the Indiana Northern Traction Co., extending from
Wabash to Marion, and guarantees its $500,003 bonds, principal and
interest. V. 81. p. 1848.
Date.
Interest. Outstanding. Maturity.
Stock
Bonds—
Stock, $5,000,000 ($100)
$4,990,000
1st mortgage. $5,000,000 ) 1903
5 g , A-O
1,000,000 July 1, 1933
gold
Glrard Trust Co., Phila,, Trustee.
Int. at
($1,000),
c* $
Indiana Nor. Trac.lstM..) 1803 5g., A-O
500,000
Oct.. 1£33
$500,000, gold ($100, } Int. at Trenton (N. J.) Trust & Safe De$500 and $1 ,000) guar. )
posit Co. , Trustee.
Bonds.— $4,000,000 are reserved for extensions and improvements,
hut can only be issued when net earnings are l 1^ tinien int. charges on
outstanding bonds over and above rental payments to Union Traction Co. Sinking fund, 1H p. c. per annum of outstanding bonds, became operative on July 1, 1904. Fund is to be invested in the bonde
at not above 105 and interest, and bonds may be drawn for the sinking fund at that price, but are not otherwise subject to call until after
July 1, 1908, when all may be redeemed at, 105 and interest on any In
terest day. The Indiana No. Tract, bonds are subject to call at 105
and interest on six weeks' notice.
Stock.— Listed on Phila. Stock Exchange in May, 1905.
Ear* nqs.— For the calendar year 1905 were: Gross, $1,522,229;
net, $72.\63»; fixed charges, including dividend on pref. stock of
Union Traction Co. of Indiana, +656,062; surplus, $69,577.
Road.— Operates under lease the lines of the Union Traction Co. of
Indiana— described below— comprising 210 miles interurban lines and
50 miles street railways. Also a line from Anderson to Middletown,
10 miles, put in operatiou Aug. 1, 1905; likewise Indiana Northern
Traction, 20 miles of track between Marion and Wabash; total, 290
miles of track. Has under construction a line from Anderson to EIwood, 12 miles; from Muncle to Alexandria, 16 miles, and from Middletown to Newcastle, 12 miles; total, 40 miles. Provides package

&

between Indianapolis and Muncie and Indianapolis and
also between Anderson, Marion and Elwood. By contract until Nov., 1933, oars run over tracks of Indianapolis Street Ry.
trtighl serviee

Kokomo, and

in Indianapolis.

O^FICEBS.—Chairman
Aug 1,1944 A.W. Bradv, Anderson; of Board, Geo. F. McCulloch, Indlanap.; Pres..
1st V.-P., J. Levering Jones. Phila.; 2d V.-P.,

at Illinois State Trust Co.. East St. Louis,
Trustee, or at Morton Trust Co., New York.
^
Improv. Asso. )
1889
5 M-S
6,000
Sept., 1905-'09
Alton
lht M., cur. $2,500 S Interest at Alton Savings Bank.
244,000
Oct. 1, 1915
Alton Ry. & 111. 1st M., ) 1895 5 g. A-O
$250,000, g., $1,000. c* S Int. at Manhattan Trust, New York, trustee.
Oct. 1, 1939
250,000
Alton Ry. Gas <fe Elec. )1899 5 g. A-O
Co. mort., $500,000, > Int. at Trust Co. of America, N. Y., trustee,
No s. f.; bonds can not be called.
c* )
($1,000), gold
Bonds.— Of the $500,000 Alton Ry. Gas & Elect. To. bonds, $250,000
St. Louis bonds
are reserved for prior liens. Of the Alton Granite
for $3,000,000, $500,000 will be held to take up prior bonds and
$596,000 for extensions and improvements. V 81, p. 973. They are
also a lien on the, property of the Alton Gas & Electric Co., which was
owned by the Alton Granite & St. Louis Traction Co. when the mort.
was made. No sinking fund, but bonds are mbjeet to call on any
interest date at 110 a»d interest upon 90 days notice.
ROAD.- Owns 53 miles of track. 12 miles of which is in Alton, 14
miles in Granite City, Madison and East St. Louis, and 27 miles of interurban. The line to St. Louis via East St. Louis began operation on
Jan. 8, 1906, and the line to St. Louis via the Venice Ferry was opened

Mar. 1,1905

[Vol. lxxxii.

W. Kesley S<hoepf,

Cln.; 3d Vice Pres., D. G. Edwards; Treas., John
Secy, and Asst. Treas W. C. Sampson. Anderson;
Gen. Mgr., H. A. Nicholl. General offices and transfer offices, Anderson, Ind.- T. 79, p. 103, 151, 269, 1266. 2455; V. 81, p. 1848.

J.

Collier, Phila.;

,

UNION TRACTION CO. OF INDIANA.—A trolley road.
Organization.—Incorporated May 28. 1903,as a consolidation of the
Union Traction Company of Indiana (incorporated on June 21. 1899),
and the Indianapolis Northern Traction Co. (incorporated in April,
1902). Through consolidation the capital was increased from $5,000.000 ($4 000,000 com. and #1,000,000 pref to $8 500 000 -$1,000,000
of which remains pref. The additional $3 .500,000 common was distributed to Union Traction stockholders in the shape of a stock dividend
of 70 per oent V. 76, p 1302. Leased in 1903 to the newly formed
Indiana Union Traction Co. for 999 years for fixed charges. 5 p. c. div.
(1)

)

on pref stock, &c.

See terms in V. 79,

p. 2<t55.

The Indianapolis Northern Trac. assumed payment of principal and
Interest of hair ($200,000) of the bonds on the Broad Ripple Traction
Co., and also half of the interest of the remaining $200,000 bonds for
10 years from May 1, 1903. See V. 78, p. 1167.

&

Date. Interest. Outst'd'g
Maturity.
Bonds—
STOCK
at'k,$7,500,000, common,$100
$7,500,OOOJuly,*04,l%
- ,
,
Stook pref., 5 per ot., cum , )
ono noo
l,UOO,UUU Qla n . t , os
UCt., U&
<
$1,000,000 ($100)
1892 6g. J-J
Anderson Elec. St. 1st M., g. )
150,000 July 1 '12
c J Int. at Farm. L. <fe T. Co., Trus., N.Y. C.
($1,000 each) assumed
nB °le) l8t ° Ttg
1897 6«. J-D
153,000 Deo. 1, '27
oi )
°«9*n of^
2 50
to
,l,e DeP ° 8 "
i f sSbTectrt6cali at' 105,
denom. $500 and $1,000. .. J uo " ^auatteiphia, trustee.
"N
400,000 Mayl.1915
Marion Citv 1st
S400 000 ( n 1895 6 St' a * Mercantile Nat. Bank, N. Y.
'
( *innnV
goia cm ,uw»
o
^ Mortgage trustee, Francis A. Palmer

^

DA-U

m

M
!^
«U
^llfVwm* lannotTe^
...'.„...

^l&&I^AJ
M
1899

5

g.

J&J

4,293,000 July

Am N Y

1,

'19

Int * at Tru8t Co of
"
" trt18c&r* )
called.
Ind'polls "Nor." Trac." 1st 'M.)
1902 5 g. J&J 4,500,000 July 1,'32
$5,000,000, gold ($1,000), ^Interest at Colonial Trust Co., New
guar.p. and i. by Un.Trac o* ) York, trustee.
-

"

Stock and Bonds—Ot the $5,000,000 general mortgage, $707,000 are
reserved for onderlying bonds. See V. 71, p. 1013. Common and pref.
stock and geu. mortgage bonds are listed on Phila. Stock Exchange.
Pref. stock is redeemable after Deo. 15, 1910, at par and unpaid dividends, on 30 days' notice.
i ividends,—Pret. stook of Union Tract. Co.dates from Jan. 1, 1901.
First div. Oct. 1, 1901 (for nine mos., Jan. 1, to Sept. 30), 3% p. c; In
1902,5 p. c; in 1903, 5p. c; in 1904, 5 p. c; in 19> 5, 5 p. c. On common have been: In 1903, July, 1 p. c; in 1904, Jan., ifl p. c; July, 1
p. c.

None

since.

ROAD— Besides

the city lines in Marion, Anderson, Muncie. Alex-

and Elwood, owns an interurban road from Anderson
(via Linwood, Alexandria, Summitville, Fairmount, Jouesboro, Gas
City and Soldiers' Home) to Marion, with a branch from Alexandria
(via Orestes and Dundee) to Elwood, and from Elwood to Tipton,
also an interurban line from Muncie, via Yorktown, Daleville. Chesterfield, Anderson, Pendleton, Ingalls, Fortville, McCordsville and
Lawrence, to Indianapolis; also an interurban line from Logansport,
via Kokomo, Tipton, Atlanta, Arcadia, Cicero, Noblesviile, Carmel,
Broad Ripple, to Indianapolis, and from Peru to Kokomo; total track
aggregates 210 miles of interurban and 50 miles of city lines.
A large central power station, with necessary storage batteries at
Anderson, operated on a three-phase system, with 14 sub-stations
andria

likewise equipped with storage batteries, operates entire system.
Equipment.— 143 city cars, 64 interurban cars, 9 express cars
120 service cars.— V. 80, p. 651, 713; V 81, p 614.

and

J

)

stijkkt railways.

Feb., L906.]

ANNISTON, ALA.

ATHENS, GA.

ANNISTON ELECTRIC & GAS CO.Organization — Incorporated in 1899 under New Jersey

laws, to
take over the Annistou Klectrio Co. (operating the Noble Street line),
at foreclosure August, 1899; also acquired at receiver's sale the Anniston Gas and Light Co. General Eleotric Co. iuteiwted.
Dale. Interest. Outstand'g.
Maturity.
Bonds—
Stock
$250,000
Stock, $250,000 ($100)
1899 5 g. J-D
300,000 Dec. 1, 1929
1st niort., $300,000 ($100,
c* 5 Int. at Bait. Safe Dept. & Tr.Co .Trustee.
$500) gold
Bonds.— Entire issue may he called after 5 years at 105 and acorued
interest.
Sinking fund of 1 per cent of bonds outstanding becomes
operative on Dec. 1, 1905, but to be available for bond redemptions
only if the money cannot be advantageously employed '•for the acqui
union of permanentextensionsandadditions."
Road— Operates 10 miles of road from Aaniston to Oxford Lake, in
eluding 5 miles of track on city streets.
Officers.— Pres.. &.. H. Jackson, Schenectady, N.Y.; Sec. andTr., H.
M. Francis, Schenectady, N. Y.; Gen. Manager, Howard W. Sexton,
Anniston— V. 68, p. 928; V. 69, p. 283.

and the Oxford Lake Line, sold

&

,

ASHEVILLE,

N. C.

ASHEVILLEELECTRICCC-, „
controlled by the General Electric
Organization—

Co.
Is
The
Asheville Klectric Co. is a consolidation of the Asheville Street RR.,
the Intermontaue RK., the Asheville & Biltmore St. Ry. & Trans. Co.
and the Asheville Electric Co. Owns Riverside Park*
Interest. Outstand'g.
Dale.
Maturity.
B^-DS—
STOCK
$532,500
Common, $750,000. $100
1901 5 g. M-N
750,000 May 1, 1941
1st mort.. $750,000 ($500 >
and $1,000), gold
c* (Int. at Old Colony Tr. Co., Boston, Trustee
Bonds -A s. f. of 1% becomes operative after May 1, 1906. Bonds
subject to call at 106 and int. after that date.
Earnings— For calendar year 1905: Gross, $203,026; net, $78,914;
charges, $43,875; surplus, *35,039.
Road— Operates 12-27 miles, standard gauge, in Asheville; includng second track and sidings 14-16; 33 cars.
<
OFFICERS— Pres J. E.Rankin; Vice-Pres., E. R. Coffin, New York
Sec.andMgr., H. W.Plumtner; Treat*., H. M. Francis, Scheneotady.N.Y

&

,

ATHENS ELECTRIC RAILWA Y-A trolley road.
Purchased road

at foreclosure sale in June, 1894.
June, 1895. Hascontraot to furnish aro lights
to city; also incandescent lamps to private parties. Uses water power
for generating electricity. In Ootober, 1901, purohased the property
of the Tallassee Power Co., whioh Nov., 1902, began operating two
power stations driven entirely by water wheels, and affording 2,250 horse power. In Nov., 1905, proposed to equip a steam power
plant and make other additions to the generating equipment. V. 81,

Organization-

New charter granted

1492.

p.

&

BONDS— Date.
Stock, common
Stook, pref.,6 p.c.cum.
STOCK

trolley road.

I

Organization— Chartered in February, 1896, as successor to Ashland
Lighting & Street Ry. Owns exclusive electric light and gas rights in
city, and bonds cover lighting plant. The Electrical Securities Corporation owns $50,000 of the bonds. V. 79, p. 2645.
Date.
Interest. Outstand'g.
Maturity.
Stock & Bonds—
8tock, $300,000 ($100)
1st M., $150,000, gold )

$150,000

'

^w

<i

for future extensions and additions, to two-thirds of the actual cost.
See V. 73. p. 1311.
8l«ck— Pref. stock is subject to call Jan. 1, 1908, at 110 and accumu-

lated dividends.

Plant— Owns 7

miles of track; 40-lb., 60-lb. and 70-lb.T rails and

10 motor cars; lighting and power plant, 2,250 h. p.
REPORT— Calendar year 1905: Gross, $76,321; net, $51,620; charges,

70-lb. girder;

$23,727; surplus, $27,893.
Officers— President, J. Y. Carithers; Vice-President, W. S. Holman*
Secretary and Treasurer, W. T. Brvau; Gen. Manager and Purchasing
Agent, C. D. Flanigen; Supt., H. M. Hughes.— V. 81, p. 1492.

ATLANTA

5g. J.-J.
90.000
Jan. 2, 1916
($1.000),s.f.,red.l04.o s Interest at Old Colony Tr. Co., Boston, trustee.
Earnings— Year to Deo. 31, 1905, gross, $71,527; net, $16,951.
Road— Operates 6 miles of trolley track.q
OFFICERS— Pres., Thos. Bardon; Sec and Treas., G. F. Merrill.

ASHTABULA, OHIO.

ASHTABULA RAPID TRANSIT Organization— Chartered Oct. 7, 1890.
Date.
Interest.
STOCK & BONDS—

Outstanding.

Stock

1st M., $75,000, gold,

1,000

<

1891

6

g.

Maturity.

July 1, 191)
Trust Co., Trustee, N. Y. City.

EARNINGS— For year ending April 30, 1905, gross. $50,489.
Road— Operates 5 miles of track on 5 miles of street.
OFFICERS— President, F.B.Wagner; Vice-Pres., F. J Wettaoh;
Treas E. W. Savage; Supt., E. R. McDowell.

8eo.

&

,

PENNSYLVANIA & OHIO R Y-A trolley road.
Organization— Incorporated on March 17, 1898. Owns and operates the Conneaut city line, 3 miles, and has built westward from
Conneaut to Kingsville and Ashtabula, 14 miles, and south from Ashtabula to Jefferson, 10 miles.

27 miles.

tween Cleveland, Ohio, and

now in

Total,
Erie, Pa., is

A

through line be-

operation, of whioh this

road forms a part.

Date.
& BONDS—
100) $7 C0 00
autV.^
.°S

STOCK
8t

Outstand'g.

Interest.

'

Maturity.

$700,000
600,000 Mar. 15, 1922

:

.

1902 5 g. J&D
Int.at Citizens' Sav. & T Co., Clev., Trustee.
Jefferson Division (*500) > 1902 5 g.
100 000 Mar. 15, 1922
$100,000
(Int. at Citizens' Sav &T. Co., Clev., Trustee.
OFFICERS— President, Thomas MoGovern, Geneva; Vice-Pres.. W. F.
Stanley, Conneaut, Ohio; Sec.
Treas.. A. F. Galpin, Jefferson: Asst.
8ec. & Treas., Frank E. Loucks, Ashtabula.
Office at Ashtabula.— V.
74. p. 478.
_
let mort! $60d,bo6'go"ld.o*

$500 each

>

S

M&S

&

ASTORIA, OREGON

ASTORIA ELECTRIC COM PAN Y.-A trolley road.
Organization— Incorporated

in Oregon Mar. 12, 1901. Charter perKeorganizatlon of the Astoria St. Ry., sold at foreclosure on
July 2, 1900. In Mar.. 1902, acquired the West Shore Mills Co electrio
light plant and also the Astoria Gas Light Co. Now does all the eleotric power, electric light and gas business of Astoria.
Date. Interest.
STOCK
BONDS—
Outstand'g.
Maturity.
petual.

&

Stock, $300,000 ($100)
1st Mtge., $150,000

1902

6AO

1,

Co., the

.

Atlanta St RR first
oT.h sn.uuu
goia, «i rinn
Atl. Cons. 8t. Ry. 1st

;

.

ATCHISON, KANSAS.
ATCHISON RAILWAY LIGHT & POWER-

Organization— Controls electric railway, lighting and gas properSuccessor in 1895 to the Atchison Ry., Eleo.L.& P.Co.
In Sept 1905, stock was increased from $300,000 to $900,000 to
provide for natural gas installation and for extensions and improvements. V. 81, p. 1099.
Stock & Bonds—
Date. Interest. Outstanding. Maturity.
Common. $500,000....
$500,000
Preferred, 7%, $400,000
400,000
See text.
1
L8 5
150 000 Jnly! 1915
?
Exch. Nat. Bk., Atchison. S Tru8tee » Mercantile Trust (Jo., New York.
ties of Atchison.

IHHn
is

being paid on pref stook.
.

OFFICERS— President, J. P. Pomeroy: Vice-Pres't, W. P. Waggoner
Treas., O. 8. Hetherington; Snpt.,H. N. Siegfried.— V. 81, p. 1099.

(

189 °

6

g.

J.-J.

225,000

July

1,

1920

Interest is payable in New York at 4th Nat. Bk.
Central Trust Co. Ne w York, Trustee.
^

S

,

&

A

On common, Feb

,

1906, 2 p.

A

o.

Earnings— For year ending Dec.

31, 1904, gross, $2,112,973; net,
after taxes, $952,332; interest, $497,856: surplus, $454,476.
Road -Operates 142 mllesof track, 70of which is entirely new.
OFFICERS.—Ch. of board, H. M. Atkinson; Pres„Preston S. Arkwright;
V.-P., Treas. and Man. Elec. Dept., G. W. Brine; Vice-Pres.. Seo. and
Mgr. Rwy. Dept.,T. K. Glenn.— V. 80, p 711, 1111; V. 81, p lttt5

ATLANTA NORTHERN RY.

CO.

A trolley road.

Organization -Entire stock is owned by the Georgia Ry.
which guarantees the bonds.

&

Eleo.

Co.,

STOCK

&

BONDS—

Date.

Stock, $100.000
1st mort.. $400,000, guar.
($500 and $1,000) n..o*

)

Interest. Outstand'g.

1904

5

g.

J-J

$100,000
400,000

Maturity.

July

1,

1954

Old Colony Tr.

Co., Boston, Trust.
Bonas— Are guaranteed, principal and interest, by indorsement by
the Georgia Ry.
Electric Co. Are subject to call on any interest
date after July 1. 1909, at 1 10 and interest. A. sinking fund of $5,000
5

Int. at

&

annum begins after 1909. See V. 79, p. 680.
Road - Operates 20 miles of track from Atlanta to Marietta, mostly
on private right of way. Commenced operation July 17,1905.— V. 79,
per

p. 680.

_

,

Dividends - Seven per cent per annum
Road— Operates 8 4j miles of track.

.

cons. M., $2,500,1899
5 g. J.-J.
2,200,000
Jan 1,1939.
000,g,($ 1,000 each) \ Interest payable in N. Y. at N. Y. Trust Co.;
Sub ;.to call after 5
also at Merc. Tr. & Dep. Co. of Bait., Trustee.
years at 107%
c* J
Ga. Electric Lt Co.")
1st M., $2,000,000, [ 1900
5 g. J.-J.
July 1, 1930
1,350,000
g. Subject to call ( Int. at Old Colony Trust Co., Boston, Trustee.
in 1905 at 105
J
Atlanta Gas- Light) 1897
Tune 1.1947
5 g. T.-D.
1,150,000
Co 1st M., $1,150,- >Int at N Y. Trust Co., Trustee, or Bank of 8oot000 g. ($1.000). .c* )
land, London, England.
Bonds—Of the total authorized issue of $11,000,000 of Ga. Ry.
Elec. bonds, $4,975,000 are reserved to retire underlying liens. Bonds
are subject to call on any intereit date after Jan. 1, 1907. 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 per annum from 1912 to 1916. inclusive, and $50,000 per
annum thereafter. See V. 74, p. 629. 727.
sinking fund of $6 60
per $1,000 bond on the Atlanta Ga*- Light Co bonds is operative.
sinking fund of $25,000 per annum is also operative on the underly ing
bonds of the Atlanta onsol. Street Ry.
Dividends.— Five per cent per annum is being paid on pref. stock.

(1)

$300,000
150,000

Apr. 1, 1922
Earnings— For year ending March 1, 1905. gross, $91,840; net,
$40,519; fixed charges, $8,91i; surplus, $31,607.
Road— Operates 5 miles of track and 8 cars.
OFFICERS— Pres., S Z. Mitchell, New York; V.-P., S. 8. Gordon, Astoria;
Sec. and Treas.. C. N. Huggiiis, Portland, Ore.; Supt, C. A. Coolidge.

Sfr&»l.O0O^ SJj

&

Power Co., the Atlanta Rap,
1902, took over the Atlanta Ry.
Georgia Eleo Light Co. and the Atlanta Steam Co. Franchise perpetual
Com prises the street railway, electric light, gas, power
and steam-heating interests of Atlanta and Fulton County. Uses
power supplied by the Atlanta Water <fe Electric Power Co. from
the latter's plant at Bull Sluice on the Chattahoochee River, 15
miles from Atlanta— see V. 79. p. 153. 2149
By terms of the ordinance permitting consolidation the company paid the city of Atlanta
$50,000 in cash, and agrees to pay a tax on gross receipts of 1 per cent
for first 3 years, 2 per cent for the next 20 years and 3 per cent thereafter. V. 74, p. 397, 72
Has contract with the city for street lightIn
ins: for five years from April 1, 1903, at $75 per arc per annum.
Oct., 1*»02, both preferred and common stock was listed on Boston
Stock Exchange. V. 75, p. ^49.
In June, 1903, acquired the entire capital stock ($600,000 6 p. o. preferred and $1,014,625 common) of the Atlanta Gas Light Co., comprising the gas business of Atlanta and vicinity, by exchange of stock, dollar for dollar. V. 76, p. 1406. The gas company, however, maintains
a separate organization. Through this exchange. United Gas Improvement acquired a substantial interest in the Ga. Ry. & Electric.
Maturity.
Date.
Interest. Outstanding.
STOCK
BONDS—
Com. ,$6,0 U,600<*100)
Feb.,'0tJ, 2%
$6,014,600
Pf.,5% non-enm., $2,2,400,000Jan 20,'06,li4%
5 Q-J.
400,000 (par $100). $
Jan. 1,1932
1st con. M., $11,000,- \ 1902
5,139,000
5g J-.T.
000, g. s. f. ($1,000). o* I Int. at Old Colony Tr. Co., Boston, Trustee.
Apr.

Tram

&

$150,000
75,000

J-

c*<fcr<Int. at Central

GA.

GEORGIA RAILWAY & ELECTRIC CO- OB
-Incorporated in Georgia on Jan. 28, 1902, and

i

1896

Maturity.

$75,000
50 000
6 J. J.
Jan. 1, '06,3%
1896
12,000
July 1, 1916
? g J_J
1st mort $100 000
','< Columbus Savings Bank, Columbus, Ga., trurtee.
« gouti'i2
($>ouu)
c.
interest at Columbus or Athens.
^
6 g. A-O
New 1st mortgage, ( 1 901
$263,000
Oct. 1, 1931
$400.000($1,000), < Interest at Title Guarantee <fe Trust Co., Atlanta,
gold
o*( Trustee, or Old Colony Trust Co., Boston.
Bonds.— Of the new bonds entire issue, but no lesser part, may be
called on and after Oct. 1, 1911, at 106 and Interest; $12,000 reserved to take up old bonds; remaining $125,000 can only be issued

ORQANIZATION

ASHLAND, WIS.
ASHLAND LIGHT, POWER AND STREET
R A LWAY-A

Outstanding.

Interest.

ATLANTIC

CITY, N.

J.

ATLANTIC CITY & SUBURBAN TRAC- CO.-

Organization— Incorporated in New Jerseyon July 19, 1902. Owns
and operates the Atlantic City & Pleasantville Turnpike Co. In Aug.,
1903, stook authorized was increased from $500,000 to $750,000, and
refunding mortgage for $750,000 made, part of which was used to
retire $500,000 bonds issued in 1902.

&

Interest.
Outstanding.
Stock
Maturity.
Bonds— Date.
$750,000
Refund. mort„$750,- ) 10n „
- „ „ .
._„
,. ftn(ln
1903
Aug. 1, , OBO
750,000
5 g F.-A.
1933.
000 eold f«ion
Int at We8t End Trust Co - phila -. Trustee.
$500 and $1,000).! )

Stock, $750,000 ($50)

..

(.

-

-

STREET RAILWAYS
Bonds— Are subleet to call after 10 years at
Road —Operates 18 miles of track from

Pleas-

Somers Point and Absecon. Entire road put in operation
Kails. 80-lb. girder in towns and T in suburbs.
REPORT— Year to June SO. 1905. gross receipts, $-'2,9t 9.
1.

1904.

Into preferred stock at option of holder.
12*2 miles of road in Augusta, Hallowell, Gardiner
and Farmiugdale and to Togus. Also extension of 14 miles from Augusta to Wirthrop, completed In 1902. Total track, 27-67 miles.

Road— Operates

REPORT-Year ending June 30

;

OFFICERS— President, Edward

R. Sponsler, Harristmrg; Vioe-Pres.,

A. M. Jordan; Secretary, Eli H. Chandler; Treasurer, C. Taylor Leland,
PMla. Gen. Mbt , E. C. Folsoa.— V. 77, p. 1224.
;

AUBURN,

N. Y.

1905.

Organization—Organized Sept. 30, 1902. as a consolidation of the
Auburn City Ry. and Auburn luterurban Elec. RR. Franchises perpetual.

Date.

Interest.

Outstand'g.

Maturity.

$1,000,000
500.000 Nov.'05,l 14%
Oot. 1, 1942
5 g.A-O 1.050,000
( 1
Int. at ». W. Harris & Co., New York,
$2,000,000, g. ($1,0001
New York. Trustee.
Trust. Co. of Ainer..
Bonds. Of the $2,000,000 authorized, $950.000 lsreserved for future
extensions, but only when net earnings are double interest charges.
Are subjeotto call at 110 and interest on or after Oot. 1, 1912. See
V. 75, p 1201.
D.ridnuls.— 1st div. onpref. stock- 1 p (•.— paid Nov. 1,1904. then
1 p. c. Feb. 1. 1905, May 1, 1905, and Aug. 1, 1905, Nov. 1, 1905, 1^
($100)

Pf .,6° ouni.,$500,000($100)
Aub. & 8yra. 1st & ref.Mtg.

p. c. paid.

)

'

.

,

Q-F

<

(See V. 81, p. 1609.)

Earnings— For year ending June

30, 1905: Gross, $268,508; net,
$107,278; fixed charges. $72,513; dividenis,$ 15,000; surplus, $19,765.
Road—Operates about 37 miles of track, including 13 miles in
Auburn and 24 miles from Auburn to Syracuse, which latter was put
in operation on July 1, 1903. Has tracka.ee agreement with Syracuse
Rapid Transit, allowing it to enter that city. Owns Lake Side Park,
about 33 *cres on Lake Owasco; 45 cars.
Officers.— Pres. and Gen. Mgr , C. D. Beebe; Vice-Pres.. W. A. Holden: Sec, A.M.Michael; Treas., Albert K. Hlscock.— V. 81, p. 154, 725
1603.

AUGUSTA
R'Y

AUGUSTA-AIKEN

GA.
& ELECTRIC CO-

In Dec, 1905. control changed hands and new officers elected, as
below. V. 81, p. 1790; V. 82, p. 99.
Organization.— Incorporated on Jan. 3. 1903, under the laws of
New Jersey. Owns $998,400 of the $1,000.00 > stock of the Augusta
Ry.
Elec Co., $970,400 (out of $1,000,000) of the common and
$482,400 (total issue $500,000) of the preferred stock and $244,000 of
the bonds of the North Augusta Elec. <k Improvement Co., which latter
company controls the Augusta & Aiken Ry. Co., the North Augusta
Hotel Co. and the North Augusta Land Co.
Bate. Interest. Outstanding. Maturity.
Stock
BONDS—
Common, $1,500,000 ($100)
$1,446,000

&

&

Pf.$800,000($100)5p.c.oum

777,918

trust,
$3,000,000*1903
5 J-J
1,244,000 Jan. 1,1953
gold ($1,000)
c* J Int. at Int. Trust Co., Baltimore, Trustee.
Bonds are convertible in live years at option of holder, and subject
to call on any interest date on 60 days' notice at 105 aDd interest.
$2,000,000 reserved to retire prior liens, of which $273,000 havebeen

Coll.

exchanged.
profit and loss statement for 6 mos. ending
Augusta Ry. & Electric (98-44% of $32,252), profit,
$31,748; Augusta & Aiken Ry., loss, $116; Augusta- Aiken Ry. &
Elec. (after allowing for all charges), loss, $16,109; -North Augusta
Elec.
Imp., loss $13,501; North Augusta Hotel Co loss, $10,104;
No. Augusta Land Co., loss. $1,592: combined result, net loss, $9,674.
Officers— President, W. T. Van Brunt, ISew York; Vice-Pres. & Gen.
Mgr.. .las. D Jackson; Sec. and Treas Chas O. Tegethoff.— V. 76, p.
100; V.78, p. 3 41; V. 81, p. 172 2. 1790 V. 82, p. 99.

Report— Consolidated

June

30, 1905:

<te

;

AUGUSTA RAILWAY & ELECTRIC
Dale.
STOCK

&

BONDS—

Interest.

Outstanding.

CO-Maturity

Stock, par $100, $1,000,000
$1,000,000'
Augusta Ry. <fe Elec. mtg., $ 1900 5 g. J & D 1,000,000 June 1, 1940
g., $1,000,000 ($1,000). c* \ Int. at Mer. Tr. & Dep. Co., Bait.. Trustee.
Bonds.— Augusta Railway & Electric bonds can be called in 10. 20
or jo years from, date at lo5 and interest on 6 months' notice, sink
ing fund is ^ of 1 per cent, beginning June 1, 1905, for 15 years,
1 per cent for next 10 vears and 2 per cent for remaining 10 years.
Road—Operates 30 72 miles of track 17 miles of street.
Report— For 12 mouths ending Dec 31: In 1904, gross (railway and
lighting), $250,317; ec, $129,093; fixed charges and taxes, $67,698;
reserve for depreciation, $15,00o; surplus, $46,395.— V. 76, p. 918; V.
78, p. 341.

AURORA,

TION.— Population

entire

of

Augusta Hotel Co and entire stock ($10,000) and bonds ($500,000) of
the Augusta <fe Aiken Ry.; also owns $744,700 of the $790,400 common stock, entire Issue ($130,400) of preferred stock ana all the $30,000 bonds of the North Augusta Land Co.

Stock & Bonds—
Common, $1,000,000

Date. Interest. Outstand'g.
Maturity.
($100)
$1,000,000
PL, 5% n-c, $500,000 ($100)
500,000
No. Aug. Elec. & Impt. Co.
1901 5g.A-0. 1,000,000 Oct. 1,1951
1st mortgage, $1,000,000, Internat'l Tr. Co., Baltimore, Trustee.
gold ($1,000)
c Int. at Augusta and Baltimore.
Bonds are subject to call at 105 on any interest date upon 60 days
notice.— V. 76, p. 918.
.

(1)

AUGUSTA & AIKEN

RY.

Organization.—Is controlled by the North Augusta Eleotrio & Improvement Co. Stock Is $10,000; bonds, $500,000 of 5 p. c. 30-year
gold bonds; interest J.-.I , and maturing Jan. 31, 1931. Bondsalldeposltedas security for North Augusta Electric & Impt. Co. bonds.

REPORT-tor 12 mos. ending Dec 3L

1904: Gross, $87,868; net
(after taxes). $36,192: interest, $25,000; reserve for depreciation,
$7,500; profit. $3,092; div. (30%), $3,000; surplus, $692.
Road— Operates 24 34 miles of track from Augusta, through Clearwater, Bath. Langley, Warrenville and Graniteville. to Aiken. 8. C.
Standard gauge, 60 lb. T rail. Opened Sept. 1, 1902.

AUGUSTA, ME.
AUGUSTA WINTHROP & GARDINER RYroad.

Aij electric

OKGiNiZATioN— Consolidation in May, 1902, of the Augusta Hallo
<fe Gardner RR. and the Lewiston
winthrop & Augusta St. Ry.
Dale.
Interest.
Stock & Bonds—
Outstand'g.
Maturity.

well

Stock,

common $100.
cum 4 percent

$300,000
..
69,000
""'
*
Aug. Hallowell & (../ , ~ Q „
,
„
,
T
, A ......
T
lo90
6 J_J
10,500
July 1,1910
IstM. for $100,000. \
InUi-esi payable in Huston: International Trust Co., 3 rustee.
1st mort., K25O.000.J 1901
4g. J-J
23^,500
July 1, 1951
convert. ($1,000 and } Interest at Augusta Trust Co., Augusta, Me.
Pref.,

STOCK

<•

>

30,

BONDS—

Date.
(
\

£

Interest.
Q.-J.

Outstand'g.

Div., etc.

See text.
$2,000,000
1901 5 g
D 1,700,000 June 1,1916
Int. at Am. Trust and Sav. Bank. Chicago,

J"

and First Nat.

trustee,

Bk., N. Y. City.

200,000 Aug. 1,
PI^PitrRrlRtmnrt $1890 5g. F-A
Ry. 1st mort... lnterest at Farmers* L. T. Co., N.Y.

B-lgin City

£

<fe

1907
City.

100,000 Jan. 1, 1907
0.E.& A. IstM., $150,000 1896 5g. J-J
Bonds.- Of the $2,000,000 authorized consols, $300,000 are reserved
to retire the above divisional liens. (See V. 73, p. 763, 1010.) Sinking
fund is $17,000 per annum first five years and $25,000 annually
thereafter; $78,000 have been purchased and are now held in sinking
fund.

Dividend— First dividend— % p. c— was paid April 10,1903; also \
July and % p. c. in Oct.; Jan., 1904, dividend and since, passed.
Road— Operates 72 mile3 of track, connecting the cities and towns
of Carpentersville, Dundee, Elgin, South Elgin, St. Charles Geneva,
Batavia, Aurora, Montgomery, Oswego, Yorkville and Bristol. Also operates the city lines in Elgin and Aurora. Rails, 60 and 65 lb. T and
90 and 100 lb. girder. Operates 90 cars.
REPORT— For year ending June 30 of combined properties:
p. c. in

Net.
Charges. Surplus
$196,241 $111,223 $85,018
110,676
70,627
181,303
Officers— President, L. J. Wolf; Vice-Pres., Edwin C. Faber; See.
and Treas.. H. C. Lang; Gen'l Mgr., John T. Huntington; Auditor, W. P.
Harvey. -V. 73, p. 783, 1010; V. 76, p. 751; V. 78, p. 102; V. 81, p.
Gross.

$454,814
456,099

1905
1904

Oper. exp.

$258,573
274,796

1848.

AUSTIN, TEX.

RY. -A trolley road.
AUSTIN ELECTRIC Texas on May 29,1902,
Organization— Incorporated In

as a reorganization of the Austin Rapid Transit Ry. Authorized capital stock
was increased in April, 1903, from $200 000 to $350,000.
Interest.
Outstand'g.
Maturity.
Date.
BONDS—
STOCK
Stock, $350,000, $100
$265,000
Apr. 1, 1933
5 g. A-O
350,000
First mortgage $350,-? 1903
000, gold, $1,000 .. S Lut. at Equitable Trust Co.. New York, Trustee.
Bonds— Are subject to call on and after Apr. 1, 1908, at 105 and int.
Road— Operates 15-91 miles of track. Entire road re-built in 1905.
Officers— Pres., Wilber H. Young Vice-Pres.., F. H. Watriss, New
York; Treas., E. P. Wilmot; Seo'y. laud V. Peel.— V. 78, p. 1704.

&

.

;

<

BAKERSF1ELD, CAL
LIGHT COPOWER TRANSIT &1903
successor
Power Development

in
to the
Co.,
Organization- Is
the Bakersfleld Gas & Elect. Light Co. and the Bakersfleld & Kern
Electrio Ry. Does the entire electric lighting, power, gas and street
railway business of Kern and Bakersfleld. V. 77, p. 401.
Date. Interest. Outstand'g.
Maturity.
Bonds—
Stock
Stock, $2,500,000. $100
$2,500,000

&

125 030
J»* 1.1M1
50,000
Periodically
June 1, 1933
New mort.. $2,500,000 \ 1903 5 g. J-D
778,000
Mercantile Trust Co., San Fran., Trustee.
gold, ($1,000)
>
Bonds—Of the $2,500,000 new bonds, $175,000 are reserved for prior

"SMaoM^ilWorii -~
Bakersf. Gas &. El. Lt. M

5

e-

6%

J -J

'

F-A15

Bonds are subject to call any interest date "on basis of 4^ p.
re-investment." Sinking fund at 10 p. c of net earnings after payment of charges commences after 5 years. V. 77, p. 401. $4,000
bonds were held by sinking fund in Feb., 19 16.
Road— Operates 9 miles of track between and throughout Kern
and Bakerstield. Also does eleotrio lighting, power and gas business.
Has over 100 miles of electric power lines.
Gen. Mar., C. N. Beal, San Francisco: Ass't Gen.
OFFICERS— Pres
Mgr., Jao. Goodwin, Bakersfleld; See.
Treas., F. G Drum, San Francisco.— V. 77, p. 40 L.
liens.

c

&

BALLSTON

&

SPA,

'N.

Y.

EASTERN NEW YORK R R.-A trolley road.

Organization— Incorporated in New York in Dec, 1904, and is
successor to the Ballston Terminal RR., sold under foreclosure on
Deo. 29, 1904
Date. Interest. Outstanding. Maturity
BONDS—
STOCK
8tock. $1,750,000 ($100)
$500,000
^300.000 Jan. 1, 1935
1st M., $1,750,000 ($500 ) 1905 5g. J-J
and $1,000), gold
c* S
Metropolitan Trust Co.. N. Y., Trustee.
Bond*.— Are not subject to call. No sinking fund. V. 80, p. 1728.
ROAD— Is both a freight and a passenger road. Owns extensive
terminals at Ballston Spa. Has 15 miles of track, with a line from
Ex enslon contemplated to Amsterdam,
Ballston to Middle (irove.
Johnstown and Gloversville, with a short extension to Saratoga.
OFFICERS— President. A. R. Law; Sec. and Treas., I. J. Isbelman.-(V.
79, p. 1954. 27«3; V. 60, p. 1728.)

&

.

'.

BALTIMORE, MD.

,

$500)

&

'

,

Loanspayable June

served, 75,000.

Stock, $2,000,000 ($100)
1st mnrtfi-a^e *2 OOO OOO
00 00
,?*'
siTnnlfi s. r
$i,ooo, gold,V't
c

:

NORTH AUGUSTA ELECTRIC & IMPROVEMENT CO.
Owns the
stock ($300,000) and bonds ($300,000)
the North

ILL.

In Feb., 1906, it was arranged to consolidate this company, the
Aurora Elgin & Chicago Ry. and the projected Cook County & So.
RR. A new company, t > be known as the Aurora Elgin & Chicago
RR.. will be formed, and will issue $3,100,000 ea h of common and
preferred stock. Common stock of tne Aurora Elgin & Chicago will
receive common stock in the new oompauy, share for share, and A. E.
&C. preferred stock will get 120 shares of new preferred for each 100
shares of old. Stock of the Elgin Aurora & So. will receive 65 sharea
of new preferred for eaoh 1 00 shares held. Cook Co. & So. RR. stock
will be exchanged, share for share, for new common. New company
will issue bouds elastic as to amount, $5,050 000 of which will be reserved for prior liens The A. E. & C. 2d mtge will be canceled.
Stockholder.- are to vote on proposition on March 2.0, 1906. See V.
81. p. 1848; V. 82, p. 279.
Organization.— Incorporated in Illinois May 29, 1901. Consolidation of several lines running north and south throngli the Fox Rrrer
Valley, among others the Elgin City Carpentersville & Aurora RailLeases the
way, and the Geneva Batavia & Southern Railway.
municipal electric-light plant in Elgin for 10 years fro<n 1905.

-

i

1904.

ELGIN AURORA & SOUTHERN TRAC-

,

,

1905.

1904.

Gross earnings.. $9 7,9 89 $91,593 Taxes&oth.chgs.
$862 $10,343
Net earnings
14,888
8,291
38,910
31.604 Bal. fordivs
Intereston bonds 23,160
None
None
12,970 Dividends...
Prest., J. Manchester Haynes, Augusta, Me.; Sec, H. M.
Officers—
Heath; Treas., G. E. Macomber; Supt., L. F. Taylor.- V. 74, p. 1194.

AUBURN" & SYRACUSE ELECTRIC RR.-A
trolley road.
Stock & Bonds—
Common, £1,000.000

Vol. lxxxii.

Bonds can be oonverted

105.
Atlantic City to

antville,

June

|

T^iKice
19'.

-j

H.150

Railways of Baltimore pay a Park Tax of 9 per cent of gross
earnings within old City Limits, and are required to pave between
tracks and two feel on each side.
Street

UNITED RAILWAYS &
OF BALTIMORE. -Trolley road. ELECTRIC

CO.

-

2

1

STUEET RAILWAYS.

Feb., 1906.

Organization— Incorporated at Annapolis March 4, 1899. Com
prises all the passenger railways hi Baltimore City and Baltimore
County and lints 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:
Baltimore Catonsville A, Elliootts Central Railway Company.
Gwynn's Falls Railway of Balti
Mills Passenger RR.
more City.
Baltimore City Passenger Ky. Co.
Maryland Traction.
Baltimore Consolidated Ry. Co.
Pimlico & Pikesville RR.
Baltimore & uitis Bay Ry.
Balt-GardensviiieA-BelairEleoRy. Shore Line Electric Ry.
Baltimore Northern Eleo. Ry. Co. I Walbrook Gwvnn-Oak&Powhatan.
Also owns all the stock, and holds a lease, of the Baltimore Spar-

Rys. <& Electrio 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 oonneot Baltimore with the Maryland Steel Works at Sparrows Point and is to be
extended along the shore of Chesapeake Bay, where summer resorts
are to be established; road has been completed to Sparrows Point, 15
miles (V. 76, p. 160, 267), and is now under construction to Chesapeake Bay. To be completed in spring of 1906. Domlnick & Domtnlck of New York and J. William Middendorf & Co of Baltimore
purchased the bonds in Dec, 1904, and offered them for sale in Jan.,
1905. V. 79, p. 2643, and V. 80, p. 221.
Dale. Interest.
Outstanding.
Maturity.
Bonds—
STOCK
Stock, $2,000,000
$400,000
2,000,000
Feb. 1, 1953
1st mort., $2,000,000) 1903 4i« g.,F.-A.
gold ($1,000), guar. £ Fidelity <* Deposit Co., Baltimore, Trustee.
Int. at Alex. Brown & Sons. Baltimore.
prin. and int
o* )
REPORT— Operations included in United Rys. & Eleo. V. 80, p. 221.

i

I

I

(

I

I

&

&

The company

likewise controls by
rows Point <& Chesapeake Ry. Co
ownership of stock the York Road Turnpike, the Charles Street Ave.
Turnpike, the Harford Turnpike and the Bait. & Jerusalem Turnpike.
Formerly owned the $2,000,000 common stock of the United Electric
Light it- Power Oo. of Baltimore, comprising the electric-lighting plants
of Baltimore, but hi Jan., 1904. eold the same, together with its holdings of the stock and bonds of the Mt. Washington Electric Co., for
$904,237 to a syndicate represented by the Continental Trust Co. of
Baltimore, and which is supposed to have close affiliations with those
controlling the ausq. Eleo. Power Co. V. 75, p. 1158 and V. 76, p. 160.
Income Bondholders' Committee—The Interest on the income bonds
not having been paid, a committee of the bondholders in 1905 request
ed deposits of these bonds with the Bait. Trust & Guar. Co. bee V.
80, p. 998. 1236.
Vo ing T'ust.—ln March, 1905, a large majority of the stock was deposited with the Safe Deposit & Trust Co. ot 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.
Date. Interest. Outst'nd'g. Div.or Matu'y
Bonds—
Stock
Common stock, $24,000,000,

(2)

BANGOR, ME.

ELECTRIC CO
BANCOR RAILWAY & Maine on Feo. 1905, and
Organization.— Incorporated
in

$15,000,000
R i nnn 5 De °., 1903,
bl uuu
Uess H p. c.
$50
S""
Inc.M.,g.,$l4,000,000,cum.,)1899 4g.J.&D. 13,939,000
1949
tax free, Maryland Tr. Co. > Payable at option after March 1,1949
a

\

'

&

Stock,$100

3

P

*No payment on incomes

in

1904 and 1905.

Note.- In 1905 the accountants made a readjustment of the accounts for 1903, which If incorporate! in the figures for that year
above would add $424,313 to the expenses and change the balance
for the twelve months from a surplus of $308,733 to a deficit of
'
$115,580.
OFFICERS— Pies., JohnM. Hood Vice-Pres., George C. Jenkins; 2d
V.-P. and lien. Man., William A. House; Sec. and Treas. H. C McJilton;
Auditor, N. E. Stubbs.— V. 80, p 223, 998, 1236,1425,1725,2346,
2622; V. 81, p. 32, 1176, 1611, 1667.
;

(1) BALT. SPARROWS POINT & CHESAPEAKE RY.
ORGANIZATION— In Jan., 1903, was leased for 999 years to the Un.

a

July 1, 1935
J&J 900,000
Guaranty Trust Co., N. Y., Trustee.
Apr. 1,1929
18995 ^ AO
600.000

««Kn '^m'I
O '* oou
!?virin

5g.

'
C Int. at Old Colony Tr, Co., Boston, Trustee.
Bonds.— Of the $2,000,000 new bonds. $600,000 are reserved to
retire prior Hens and the remainder for extensions and betterments,
V. 81, p. 154. Are subject to call on 60 aays notice at 107 * and int.
Interest is payable in New York and Bangor. The Public Works Co
bonds are not subiect to call. V. 80, p 2456.
Earnings— For fiscal years ending June 30:
'

1

1905.

1904.

Gross earnings
Operating expenses, including taxes

$325,149
194,163

$292,949
189,705

Nettarnings
Fixed charges

$130,986
70,236

$103,244

$60,750

Surplus

of track in Bangor and from Bangor to
Town and to Chai lesti n. Rails, 32 to 90-lb.

Road.— Operates 60-4 miles

Hampden

to Orono, to Old
girder and T. Standard gauge.
,

OFFICERS.— Pres , John R.Graham; Vice-Pres., Frank Silliman Jr.,
Sec, (ieo.T. Sewall; Treas.. F. D. Oliver; Supt., W. H. Snow.— V. 80,
p. 1110, 2456.- V. 81, p. 154; V. 82, p. 333.

BARRE, VT.

BARRE &
POWER CO— AMONTPELIER TRACTION &
Maturity.
trolley road.

&

Bonds—

Date. Interest, Outstand' g.
Stock, $150,000, par $25
$120,000
100,000 Nov. 1, 1917
1st M., gold, $100,000 ($500 < 1897 5 g.M-N
each), not subj. to call..c* \ Int. at Am. Loan &Tr.Co., Boston. Trust.
Earnings— Fiscal year ending June 30, 1905 Gross, $41,676; net,
$11,911; interest, $5,338; surplus, $6,fc>73.
Road— Barre to Montpelier, Vt., 9*s miles, opened June 30, 1898.
Officers— Pres.. J. J. Flynn, Burlington, Vt.; Vice-Pres. and Sec,
H. K. Bush, Barre, Vt Treas.. A O. Humphrey, Burlington.

Stock

:

.

.

is

$1,250,000

...

1st con. M..g., $2,000,-) 1905
000 ($500, $1,000) o* S

c*($l,000)
) Int. at Alex. Brown & 8ons, Baltimore.
1st con. M., g., $38,000,000) 1899 4g.M-S a25,935,000 March 1, 1949
($1,000); Continental Tr. £ Interest at Alex. Brown & Sons,Baltimore.
Co., Baltimore, trustee. c* )
Cartrusts.Series "A,"$350,-> 1901 5g. A-O
350,000
SeeUxt.
000 gold ($1,000)
Unt. at Fidelity & Dep. Co.. Bait., Trustee.
850,000
See text
Car trusts, Series "B,"?1905 5g. A-O
$850,000 ($1,000)
c > Int. at Safe Dep. & Tr. Co., Bait, Trustee
UNDERLYING SECURITIES.
M-N 1.500,000 Nov. 1,1929
Bait. Traction--1st ($1,000) ) 1889 5
M., Tr. Mercantile Tr. & > Interest at National Mechanics' Bank,
Deposit Co..
o) Baltimore.
Do N. B. Div.lst ($1,000)58, ) 1892 5 g. J -D 1,750,000 June 1, 1942
g.Trus.,Mer.Tr.ctDep.Oo.o S
Int. at National Mechanics' Bk., Bait.
Do Conv'tible g. bonds (not) 1896 5 k, M-N 499,000 May 1, 1906
M.) $800,000 red. aft. May > Mercantile Tr. & Deposit Co.. Baltimore,
1,1901, at par ($1,000).. o*> Trustee. Int. Nat. Mech. Bk., Bait.
Oily d Suburban Ry. bonds— ) 1892 5 g. J-D 3,000,000 June 1, 1922
1st mortgage, g., ($1,000) 5 Int. at Alex. Brown & Sons, Baltimore.
Safe Deposit & Trust Co., Bait., Trustee.
Balt.Oatonsv.&Ellicott's Mills) 1896 5
500,000 July 1, 1916
J- J
1st M., $500,000 prin. g... > Safe D. &Tr. Co., Bait., Trustee. Int. at
National Mechanics' Bk., Bait.
)
Lake Roland Elevated— 1st) 1892 5 g. M-S 1,000,000 Sept. 1, 1942
M., gold ($1,000)
Cfer S Int'st at Alex. Brown & Sons, Baltimore,
Baltimore Trust <& Guaranty Co., Trustee.
Bait. Oily Pass.— 1st mort., ) 1891 5g. M-N 2,000,000 Nov. 2, 1911
c* s Interest at Nat. Mechanics' B'k, Bait.
$1,000, gold
Safe Deposit & Trust Co., of Bait., Trustee.

Baltimore Oily Pass.—
Certs, of indebt., $500,-) 1897 4i<2g. M-N 500,000 Nov. 2, 1911
000, er. ($500 « $1,000) S Interest at Nat. Mechanics' B'k, Bait.
Central Ry.— 1st M., $600,-) 1882 6 J-J
2:4,000 July 1,1912
000, sink, fd., currency... \ Subj. to call at 100 in certain am'ts y'rly.
Trustee Baltimore Safe Dep. <fe Trust Co. Int. at Nat. Mech. Bk., Bait.
674,000 May 1, 1932
Consol mort
$700 000 > 1892 5 «- M_N
u
oo.ooo, i
Int at National Mechanics' Bk., Bait,
,t? nnm
goiu (*x ,u w)
^ Mercantile Tr. & Dep. Co of Bait. .Trustee.
Ext. and Imp. 1st mort.,) 1897 5g. M-8
600,000 Mar. 1, 1932
$600,000, g., ($1,000).. VBalt. Tr. & Guar. Co., Bait., Trustee.
) Int. at National Mechanics' Bk., Bait.
a This shows amounts authorized, less amounts reserved for underlying bonds, acquisitions, improvements, etc.
Securities— Of the $38,000,000 of 1st consolidated bonds, $25,935,000 have been issued and $12,065,000 have been set aside for the retirement of underlying securities. The Series " B " car trust bonds in
above table are a first mort. on 200 cars, and mature $85,000 per annum
from Oct 1, 1906. to 1915. They are redeemable on any Int. date at
102^ and int. V. 81. p 32. The Series "A " car trusts mature $35,000
per annum from 1905 to 1914, both inclusive.
The pref stock reported above as outstanding is all that remains of
the original issue of $14,000,000, the rest having been converted into
income bonds.
On Feb. "z8, 1900, the 50-year 1st con. mort. and also the Income
bonds were listed on the Phila. Stock Exchange; the stock, the consols
and the Income bonds are all listed on the Baltimore Exchange.
Dividends.— Dividends of ^ of 1 per cent were paid in June, 1899.
and 2*3 p.c. in Dec, 1899, and i p.c. each six months after that to and
including Dec, 1903, on both the income bonds and the pref. stock, the
payment on the stock (but not on the bonds) being subject to a deduction of one quarter of one per cent for taxes; payments due June and
December. 1904, June and Dec. 1905. omitted.
ROAD— Miles of track, 379; cars, 1,745; gauge, 5 ft. 4% in.
REPORT for the year ending Dec. 31,1904, see V. 80, p. 1725. In
1904 results were seriously affected by the Baltimore lire.
1904.
1903.
1902
Car mile runs
23,397,515 24,665,973 24,056,973
Revenue passengers
109,526,908 110,235,977 101,746,407
Transfers
43,932,219
42,788,20ft 39,363,604
Grose earnings
$5,440,942
$5,480,629 $5,041,275
Operating expenses
2.876,539
2,554,2*1
2.252,133
Net earnings...
$2,564,403 ~$2,926,388 $2,789,142
Fixed charges, taxes and divs.
on pref. stock
*2,244,579
2,708,029
2,637,115
Surplus for year
$319,824
$218,359
$152,027
Other income
10,238
90,374
53,405
Balance
$330,062
$308,733
$205,432

16,

consolidation of the Bangor Hampden <fc Winterport Ry.. the Public
Works Co., the Bangor Orono & Old Town Ry. and the Old Town fcleotrio Co. On Feb 1, 1906, absorbed the B mgor * Northern RR., which
was a reorgai.ization of the Penobscot Central Ry. V. 8<J,p. 333. Does
entire electric lighting and power business of Bangor. Old Town,
Brewer, Milford, Orono, Veazie and Hampden. Also furnishes water
supply.
Outstanding.
Dale.
Interest.
Maturity.
Bonds—
Stock

par,$50
par,

BALTIMORE & LAUREL ELECTRIC RY.

ORGANIZATION.— Stock all owned by United Railways & Electrio Co.
Incorporated in 1901 with an authorized capital stock of $250,000 to
build a line from Baltimore to Laurel, a distance of about 18 miles
No bonds. At Laurel connection will be with the Berwyn & Laurel
Electrio Co., which contemplates a line between Laurel and Berwyn,
the latter a suburb of Washington. Construction not yet begun.

&

Preferred,oum.,$14,000,000,

9

;

BEATRICE, NEB.

BEATRICE ELECTRIC COMPANYI

I

Organization— Formerly operated the street railway in Beatrice, 7
miles, but this has since been given up and there is no street railway
in operation any longer in Beatrice. The Beatrice Electric now does
only an electric lighting business.

BELLINGHAM, WASH.
WHATCOM COUNTY RAILWAY & LIGHT
CO-— A
trolley road.

Organization— incorporated in New Jersey on Nov.

26, 1902. Con-

trols the entire street railway and gas interests, and a portion of
the electric lighting and power business, of Beliingham and the
entire electrio lighting and power business of Fairhaven seotion of
tho city. Franchises average 35 years from Jan. 1. 1905. In Oct.,

1905, acquired the Noofesack power plant of the Bellingham Bay Imalso the lighting franchises of that company. The
power plant will be extended and power will be sold for general purposes. V. 81, p. 1316, 1494. In Nov
1903, canceled old mortgage
and made new Issue of bonds given in table below. See V. 8 p. 1494.
Date.
Interest. Outsland'q.
Maturity.
BONDS—
Stock
Common, $750,000, ($100.)
$750,000
n * °"
P
°°'\
199,000 Mar. '06, 3%
6 M-S

provement Co. and

,

;

,

&

U

$30000b

l6

k ga

1905
5 g- M - N
535 000 Nov. 1,1935
.
and Bond*— Preferred stocK is redeemable at 110.
Stock
Dividends- First semi an. div. on pref., 3 p. c, March 1, 1904, and 3
p. c semi annually since then to and including March 1, 1906.
Earnings— For 12 months ending Dec. 31, 1904, gross, $163,058;
go?d°

^^^

'

net, $48,392; charges, $24,905; surplus, $23,487.
ROAD— Operates 16-23 miles of track. Rails, 30 to 60-lb.

Office Rg—Pres., Chas. D. W yuan; Vice-Pres. J. W. Hallowell; Sec,
Sec, Henry R. Hayes; Treas., A. Stuart Pratt; Gen'l Mgrs. and Transfer Agents, Stone & Webster, Boston, Ma3S.— V. 81, p. Ibl6, 1494,
1552. 1794; V. 82, p. 393.

BIDDEFORD, ME.

BIDDEFORD & SACO

RR.-An electric road.

Organization— Incorporated Feb. 19, 1887. Owns and operates 8
miles of roaa between Saco, Biddeford and Old Orchard Beach.
Date. Int'st. Outsland'g. Maluritv.
STOCK & Bonds—

Stock (par $50) ($100,000 auth.)
.$100,000 Oct.,'05,4«o
1st mortgage $300,000 ($1,000)) 1900 4 g.J-D 150,000
Junel, '40
gold c*.
No s. f. but can be S Interest at Portland Trust Co.,
called in 1920
Notes payable June 30, 1905

)

Portland, Me., trustee.
14,000

J

)

:

.

STREET RAILWAYS.

10
Trs. end. June 30. Gross.

Surp.
$3,500
$7,953
$7,415
...
7.563
3,000
1903 04
| .5,326
1902-03
'4,019
2,487
7,126
_ ^3,632
Officers— PresidentT'C. H. PresoottT Biddeford; Secretary arid
Treasurer, E. F. Lord.— V. 70, p. 1048; V. 73, p. 494.
Net.

$60,990
58,498
56,991

1904-05

Interest, etc. Dividends.

$18,868
15,889

BINGHAMTON,
Aggregate Population Direcdy

Served, 60,000.
trolley road
is
of Deo. 6, 1901,
Of the Binghanitou Railroad Co. (chartered Aug. 11, 1892, as a consolidation of all the street railways in the city) and the Birjghamton
Lestershire
Union RR.
Maturity
Date.
Interest. Outstanding.
BONDS—
STOCK
Stock, $1,150,000, par$100
$962,469 Apr., '05,2%
Binghamton Street RR. > 1890
6A-0
173,000 Apr. 1. 1910
1st mort. $200,000
Metropolitan Trust Co., N. Y„ Trustee.
J
Binghamton RR. Co. M., ]
1908-1917
45,000
$900,000, g. $1,000.. o*
($5,000 due yearly Mar. 1.)

&

(Beetext)InterestatMet- ^1893
tropol.Trust Co., N. Y.,

5gJ-J^

1918-1922
50,000
($10,000 due yearly Mar. 1)

589,000 due Mch. 1, '23
147,000 June 1,1925
$250,000) gold, prin-> Interest at Metropolitan Trust, N. Y.
cipal and int. guar
Binghamton Trust Co., trustee.
J
Bing.Rv.lstConsol. Mort. } 1901
5 g M-N
$546,000 Nov. 1, 1931
($2,500,000) gold, ($1,- Y Interest at Fidelity Trust Co., Buffalo, Trus.
OOOi
o*)tee, or Seaboard National Bank, New York.
Bonds- Of the bonds of 1803, $95,000 mature in instalments as indicated in the table, and the remaining $767,000 mature Mar. 1,1923.
Of the 5900.000 authorized $200,000 are reserved to retire the 6s of
1910 at maturity, $27,000 of whioh have been retired..
Of the new bonds of the Binghamton Ry. Co., $1,150,000 were issuable against the retirement of corresponding amounts of prior lien
boads, $150,000 were issuable Immediately, $200,000 upon certain
specified conditions, and the remaining $1,000,000 only upon the written
request of 51 per oent of the stook and consent) of State RR. Commission. The requirements as to this last million were complied with in
Jan., 1904 (V. 78, p. 701). The bonds are subject to call after Nov. 1,
1911, at 110 and interest. See V. 73, p. 1312
Dividend*— 1 p. 0. was paid Jan. 31, 1902; 2 p. 0. March 3. 1903; 2 p.
e. April 11, 1904, and 2 p. o. April 10, 1905.
A scrip dividend of 70
p. c. was paid April 18, 1905.
Road— Operates 45*50 milesof track. Connects Binghamton with Lestershire, Hooper, Endicott, Union and Port Dickinson, An extension
from Union to Osvego is proposed. Standard gauge, 60-lb. to 94-lb. T
and girder rail; 75 motor cars and 27 trail cars.
Annual Report— Figures for years ending Deo. 31
Trustee.
Bing. Lest.

v

[

J

&

Un. 1st M.

)

1895

5gJ-D

1905.

1904.

Gross earrings
Operating expenses

$277,031
142,722

$251,230
136,569

Net earnings

$134,309
85,955

$114,661
81,656

Interest, taxes.

&o

Net income.
$48,354
$33,005
OFFICERS— President, G. T. Rogers; Vice-President, Geo. E. Greene:
Secretary, John 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, 701; V. 79, p. 1 649.
;

BIRMINGHAM, ALA.
BIRMINGHAM RY. LIGHT & of the Birmingham
POWER1901,
OrqaN'Zation— Consolidation on June
13,

Gas

Consolidated Electric Light Co. and the Birmingham Ry.
Light & Power Co. Comprises all the street railways, gas and electric
light plants of Birmingham and Jefferson County.
Franchises perpetual.
In June, 1903, a new steam heating plant was put in
operation. Owns and operates the Bessemer, Ala., Electric Plant.
In 1904 company made a new general mortgage for $10,000,000,
and holders of the old 5 p.c. bonds were given the privilege to make exchange on the basis of llo in new bonds and 3*s p. c. in cash. V. 78,
p. 2598.
Date, interest, Outstanding. Maturity
Stock
Bonds—
Com. s'k, $100, $3,500,000
J$3,500,000 Jan.,'06, 2%
Prsf. stock ($100)'6 p. c.
T T
J "J
2,500,000 Jan., '06, 3%
$2,500,000 cum. ... ..5
B'ham Ry. & El. 1st M. £
1894 5g. J - J
1,191,000 July 2, 1924
g., $1,250,000, $1,000. £ Int. at Birmingham Trust & Sav. Co., Trustee.
1901 5 S- J "J
3,303,000 July 1, 1951
Birmig'ham Rv Lt & P- (
Int a * Old. Colony Trust Co., Boston,
1st fori
*fi'nnn-J
«* Trustee, or at Com. Nat. Bank, New Orleans,
000 mnnoV goia...c
vvv (»i,w) eZu
(
or at LadenDUrg> Thalmann & Co., N. Y.
$3,058,000 Apr. 1, 1954
Oen
ref SI n flflrt ( 1904 41* g-A-O
000 g. mnnni
uuu, e (»i,uuu).... c ^ Int ft t Commercial Tr. & Sav. Bk., New Orl.,
^ TruBte6i or at N y. Trust Co.. N. Y.
Bonds- Of the new $10,000,000 mortgage $1,591,700 have been exchanged for old bonds and $1,466,300 sold; $2.5 14,000 are reserved for
improvements and betterments. Mortgage gives authority to re
tire remaining prior bonds at 110, and also allows enough more
bonds to be issued to yield 3*2 P- c. in cash. See V. 79, p. 680. The
bond« are subject to call on and after Apr. 1, 1909, at 105 and interest. For the st 5s of 1894 $12,500 per annum is payable into a sinking fund. Of the mortgage of 1901, $1,250,000 was reserved to take
up the $1,250,000 Birmingham Ry. & Electric issue. Entire issue of
these bonds may be called after 5 years at 110 aud accrued interest
See V. 74, p. 4-26.
Dividenas— First div.on pref. stock of 3 p. c. paid in Jan.. 1902 and
3 p. e. each six months since then to and including Jan.. 1906
First div. on common stock, 112 p. c, July 1, 1903. In 1904, Jan., 113
p. c; July, 2 p. c. In 1905, 4 p. o. Iu 1306, Jan., 2 p. 0.
Earnings.— For calendar years
1905.
1904.
1903.
1902.
Gross earnings
$1,630,514 $1,424,146 $1,311,852 $1,076,767
Operating expenses..
853,370
790,492
707,699
583,550
Co., the

&

U

-

M

-

)

1

M

-

A

Road— Has under

const' uotion a line to connect the points named
the title, of whioh 10 miles, between Fontlao and Odell, is in
operation.
Officers— President, James
Carothers; Secretary, A. C. Folsom.
V. 81, p. lo75.
in

A

^j^

BLOOMSBURG,

N. Y.

BINGHAMTONa RAILWAY CO -A
consolidation, under date
Organization— This
&

Vol. lxxxii.

-

PA.

COLUMBIA & MONTOUR ELECTRIC RYOrganization— Incorporated in Pennsylvania in 1900. Franchises
run 999 years.
Interest. Outstand'g.
Dale.
Maturity.
Stook & Bo>jds—
Stock, $375,000 ($50).
$375,000
Oct., '04, 2%
let mort., $37o,O0O, g. ) 1901
5 g. J-J
357,000
Jan. 1, 1931
($500 and $1,000). c&r 5 Int. atComuion\vea]thTr.Co.,Harrisb.,tru8t.
Earnings— For fiscal years ending June 30 (In 1904, owing to
floods, roal was not in operation from Jan. 24 to April 20.):
Tear.

Gross.

Set.

Fixed charge*.

Surplus.

1905
$64,079
$18,225
$34,278
$16,053
1904
58,947
29,925
18,852
11,073
Dividends— First dividend— 2 p. c— was paid Oct., 1903; also 2 p. c.
Oct., 1^04, and 2 p. c. Oct., 1905.
Road— Operates 18 miles, extending from Berwick to Catawissa.
Standard gauge. 56-lb. T rail. Extensions of 4*2 miles are proposed.
Officers— Pres., B. F. Meyers; Vice-Pres.. E. R. Sponsler; Sec. and
Treas., W. M. Oglesby, all of Hamburg; Sup.t., W. J. Terwilliger,
Bloomsburg. Offices, Bloomsburg and Harrisburg.

BOSTON, MASS.

BOSTON ELEVATED RAILWAYOrqanization— Charter, granted in 1897. provides for an extensive
system of free transfers. The company also, in addition to regular
street railway taxes, has to pay on all lines owned, leased or operated
by it 78 of 1 per oent of gross income and a sum equal to the excess of
the dividends over 6 per cent. Its charter, however, Is understood to
" grant it exemption from reduction of fares, and also other immunities."— (See Massachusetts RR. Commission, V. 65, p. 1223.) Cars are
run with eleotrieity 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 Atlantic Ave. Loop Division.
Lease of West End and Subway and Tunnel*. The West End Street

—

leased until June 10, 1922.
In Dec., 1896, the West End Street Ry. leased the right to use the

Ry.

is

Boston Subway. See terms under West End St. Ry.
On Dec. 24, 1904 the East Boston tunnel (under Boston Harbor) was
leased by the Boston Elevated Ry. until June 10, 1922, for a rental
of % of 1 p. c. of earnings of all lines owned, leased or operated. The
company also collects a toll of 1 cent per person, whioh goes to the
city. The tunnel was opened Dec. 30, 1904. It extends from the
main land to East Boston, 14 miles, and cost over $3,o00.000.
On June 28, 1902, Washington St. Subway bill became a law. The city
is to construct a tunnel for Elevated trains and lease same to the Boston
Elevated Ry. for 25 years at a net rental equal to 4^ p. c. on the net
cost, estimated at

$7,000,000 to $8,000,')00.

Proposition was ratified

Dec, 1902, election. V. 75, p. 28, 496, 1315. On Nov.
19, 1903. the Railroad Commission decided in favor of the company
in its contention for the Washington St. tunnel, as against the Devonshire route selected by the Rapid Transit Commission. V. 77, p. 2097.
All necessary legislation has now been secured and construction is
under way. Expected to be completed in 1907. For Boston Transit
Commission's plans as to future development of the Subway system,
by voters

at the

see V. 82, p. 217.
On April 29, 1903, leased from the Old Colony 8treet Ry. all that
company's tracks in the city ot Boston, amounting to 23*753 miles.
The lease is for 99 years and provides that besides paying taxes the
Elevated Co. will pay 6*6 per cent of replacement value (appraised
at $353,979, less the rental of certain shott pieces of tr-ick 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.
New Bonds.— In April, 1905, issued $7,500,000 new bonds to provide
for an extension to Forest Hill, 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
affirmed April, 1903, by Massachusetts Supreme Court. V. 76, p. 809.

Stock

&

Bonds—

Outstand'g.
Maturity.
F.-A. $13,300,000 Feb.lS,'06,3%
Debentures, $11,000,000 ) 1905 4g.M -N.
7,500,000 May 1.1935
c&r (Old Colony Trust Co., Boston, Registrar,
gold
Bonds The coupon bonds are in denominati >ns of $500 and $1,000
and registered bonds are in denominations of $1,000, $5,000, $10,000
and $50,000.
Dividend*—First dividend, 2H per cent, was paid Aug. 15, 1898. In
1902. 6p. c; in
1899, SH P- 0.; in 1900, 4»a p. c; in 1901, 5% p. c;
1903, 6 p. c; in 1904, 6 p. c; in 1905, 6 p. 0.; in 1906, Feb., 3 p. c.
Annual Report—Report of Boston Elevated Ry. for year ending
Sept. 30, 1907, V. 82, p. 98. For 1904, V. 80, p. 160.
1904-05.
1903-04.
1902-03.
"246,941,776 *241,681,945 "233,563,578
Revenue passengers
Car miles run
48,273,622
48,317,881
47,688,487
Dale.

Interest.

Stock, $15,000,000 ($100)

m

;

Gross earnings
Net earnings

$12,689,676 $12,391,353 $11,959,515
4,072,023
3,759,800
3,699,654
45,240
51,893
59,857
$3,805,040
$4,123,916
$3,759,511

Interest on deposits

Total net
interest on West End debt
Taxes, West End
Taxes, Boston Elevated
Compensation tax
Rental of subway
Dividends on West End stook.
Other rentals
Rental to Old Colony St. Rv.
.

Net earnings .... $777,144

$633,654
$604,153
$493,217
February, 190', owned and operated 113-6 miles of track
in city of Birmingham, and extending also to Bessemer, Pratt City
and Ensley; various extensions in progress. Standard gauge 70 to 86
lb. T and girder rails. Operates 137 motor cars, 36 trail cars and 51

Road— In

freight cars.

Officers— Pres.. Robert Jemison, Birmingham; Vice-Pres., A. H.
Ford, New York; Vice-Pres. and Gen. Mgr.. 3. &.. Emery; Sec'v. J. P.
Ross; Treas. and Aud., C. M. Cory; Asst. Sec. & Treas., E. M. White.—
V. 79, p. 680, 2794.

BLOOMINGTON,

BLOOMINGTON

ILL.

& JOLIET ELECTo be a trolley
TRIC RAILWAY— PONTIAC road.
&

Outstanding. Maturity.
Dale.
Interest.
Stock
Bonds—
Stock, $2,503,000, $100..
....
$300,000
1st mortgage, $2,500 O00, ) If 05
5 g. M.S.
300,000 Sept. 1.1935
gold ($1,001)
$Int a*- First Tr&Sav.Bk., Chicago/Trustee.
Bo tfs— Are subject to call at 105 and interest on any interest date
No sinking fund.
'

$654,758
579,226
358,905
109,202
193,142

$629,600
517,209
301,322
106,887
197,206

$644,616
501,762
312,043
103,214
197.892

1,190,248
9,180
33,772

1,180,752
9,180
33,111

1,163,849
9,180

on Boston El. fund. debt..
East Boston tunnel rental
Balance

125,000
35,398
$835,085
$829,773
$826,955
Dividend
(6%)798,000 (6%)798,000
( 6%)798,000
Surplus for year
$37,085
$31,773
$28,955
* These figures cover revenue passengers only.
No data available in
1904-5 as to free transfer passengers carried. In 1903-4 number was
estimated at 139,000,000 and in 1902-3 at 130,000,000.
Int.

ROAD—Sept.

30, 1905.

Miles.

Mile*.

Main line, lsttr'k (6^ m."L") 217 Owned by West End....
2dtr'k (6*< ni."L"). 182 Leases,tr'kage,etc(16m."L")
do
Sidings, &c. (3 m. "L")
49
Total (16 m. "L" track)
Total (16 m. "L")
448 Electrically equipped
Weight of girder rail is 70 to 100 lbs. Cars, 3,375; horses, 270;

381
67
448
441
elec-

motors, 4,719; snow plows, 305; snow sleds, 576; miscellaneous
vehicles, 537.
OFFICERS— Pres., William A. Bancroft; Vice-Pres., Charles S. Sergeant; Treas., William Hooper; Sec, John T. Burnett; Aud., H. L. Wilson.— V. 81, p. 1314, 1790; V. 82. p. 98. 217.
tric

...

STREET RAILWAYS.

L906.]

Companies Controlled by Boston Elevated
(i)

See terms In V. 65, p. 570.
1, 1898.
December, 1896, leased the right to use the subway at 4 7s percent
of the not oost Of subway, stated approximately as $5,786,000 in
September, 1898, when the third and last section was opened. Entire
length is l^ miles, with a trackage of about 5 miles. See V. 63, p.
possession Jan.
In

1065. 1117; V. 67. p. 528.
In Aug., 1904, issued $150,000 additional stock to pay for improvements, etc. See V. 79, p. 214. 787. Sept. 1904, issued $750,000 additional bouds of 1932, bringing amount up to $5,009,000; $200,000
more were issued to retire bonds due May 1, 1905. V. 80, p 1729.
Outstand'g Last div., die.
Interest.
Date.
Stock and Bonds—
A.-O. $9,689,250 Oct., '05,3 >«
7
Common stock ($50)
6,400,000 Jan. '06,4%
8
J. -J.
Preferred stock (par $50)
2,000,000 Mch. 1, 1914
1894 4*ag.M.-S.
Gold bonds of 1894
f

$2,275?000.°n ot'S. \ "»«
.

* * M -N

^oS^O^otn^rt.o, 1897

*

1900

*

815 000

"

'

Ma ^

*>

™™

4

*.-A.

2,700,000

Feb. 1, 1917

4.74S.000 Aug. 1,1915
F.-A.
Interest at Old Colony Trust Co., Boston.
$
not mortgage
F.-A.
5,209,000 Aug. 1, 1932
1902 4
Bonds o* ($1,000)
Interest at Old Colony Trust Co.
J. -J.
500,000 Jan. 1,1907
Boston Consol. St. plain... 1887 5
OFFICERS— President, Joseph B. Russell; Treas., Parkman Dexter.
INDEX-V. 80, p. 652, 1425, 1729, 1857.

Our. bonds, c, $1,000,

/

(2) SOMERVTLLE HORSE RR,— Owns 8*04 miles of track. Leased
to West End Street Railway for $9,180 yearly, 6 p. o. on $153,000
3tock. Dividends are payable (M&N) in Boston.

BOSTON SUBURBAN ELEC COMPANIES-

—A trolley system.

Organization.—This company is a voluntary association formed in
Nov., 1901, on the same lines as the Ma-sachusetts Electrio Companies. The properties controlled are the Newton Street Railway Co
Newton & Boston 8t- Ry. Co., Lexington <fe Boston 8t. Ry. Co., Natick
Cochituate Street Ry., South Middlesex Street Railway, Natlck <fc
Needhain Street Ry., Waltham Street Ry. and Westboro & Hopkinton
Street Ry. The entire issnes of the stock of these roads have been
aoauired. In 1902 secured entire ($235,000) capital stock of the
Waltham Gas Light Co.; V. 74, p. 377. (The Waltham Gas earned
$185,920 gross, $49,910 net, and $25,602 surplus above dividends
In year ending June 30, 1904.] In 1902 also purohased Norumbega
Park and Lexington Park.
STOCK.— Shares have no par value, but In case of liquidation the
preferred shareholders will be entitled to $100 per share, with accrued dividends the common shares participating pro rata In the
remaining assets. (See V. 73, p. 1159, 1263.) In 1904 15,635 shares
of pref. and 15,635 shares of common were offered to shareholders at
$66 67 for one share of pref. and one share common jointly. Listed
on Boston Stock Exchange in April, 1905.
Date.
Rate, Outstandi'g.
Dividends,
47,869 sh
Common stook,
,

&

;

^foS^er 'share

^""

\

47' 119 8h Jan 15.'°6,50o
805,000

QJ

-

Notes payable Sept. 30. '05

-

Road.—Companies owned and controlled operate in the aggregate
about 141 miles of track from Needham on the south to Lowell on the
north, and connecting at six points with the tracks of the Boston
Elevated Ry. At Westooro connection Is made with the Worcester
Consolidated.

Dividends.— First of $1 on pref. paid Apr., 1902; also $1 July. 1902,
Oct., 1902. In 1903, $4. In 1904, $3. In 1905, $2. In 1906.

and $1

Gross earnings.$323,743 $283,542
96,966
77,567
Net
Int.. taxes, etc.
66,469
66,833
V. 78, 2442, 2599.
(d)

REPORT-For fiscal year ended Sept. 30, 1905: Income, gross
$164,556; net, $133,961; dividends, $88,196; surplus, $45,765.
OFFICERS.— President, Adams D. Claflln; Vice-President, Wm. F.
Hammett; Treasurer, Alden E Viles; Secretary, Frank W. Remiok.
V. 80, p. 1423; V. 81, p. 558, 1790, 1847.

LEXINGTON & BOSTON STREET RY.—Trolley.

)

Organization— Incorporated
May, 1900.
Date.
STOCK & BONDS—

in June, 1899.

Operation begun in

Outstanding.
Maturity.
Interest.
Stook, $525,000 ($100)
$525,000 In 1903-4.1%
1st mtge.. $500,000*1900
4^ g.A-O.
Julyl, 1920
350,000
gold ($1,000)
o* s Interest at Beacon Trust Co., Boston, Trustee.
Current liabilities Sept. 30, 1905
§367,040
Bonds are subject to call before July 1, 1905, at 110, then until
July 1, 1910, at 107i«, and thereafter at 105. Of the $500,000 authorized, $150,000 are reserved for extensions, eto.
Road— Owns and operates 27"67 miles of track, leases 5 miles, total,
83 mile*, extending from Arlington Heights (the terminus of Boston
Elevated system) through Lexington and Bedford to Bulerica, where
ears go through to Lowell without change, and also to the Sullivan
Square. Charlestown, Station of the Boston El. Ry with branches to
Waltham, to Concord and to Woburn; laid with 95 lb. girder rail and
60 and 70 lb. T rail; operates 204 motors, 30 box and 40 open oars;
total, 70 cars; 6 snow plows; 2 work cars.
Earnings— Year to Sept. 30, 1905: Gross, $162,404; net, $46,680.
charges, $43,925; surplus, $2,105; total surplus Sept. 30, 1905, $4,860]
,

NATICK & COCHITUATE ST. RY. -Trolley road.
Organization— Stock, $100,000, par $100. No bonds. Current

(2)

lia-

bilities Sept. 30, 1905. $218,7 67. DIVIDENDS-- In 1898-99 to 190203,
inclusive, paid 8 p. c. per annum; in 1903-04, 2 p. c.
None since. 18
miles of traofc. Earnings— Year to Sept. 30, 1905: Gross, $90,138;
net, $11,181; charges, $12,883; def.. $1,702.

(3)

NEWTON STREET RAILWAY. -A

share for share, for the stock of the Wellesley <te Boston St. Ry. V. 77,
in June, 1904, issued $250,000 bonds of the issue of 1892 to
p. 2098.
take up debt incurred by expenditures for improvements.

&

STOCK

BONDS—

Date. Interest. Outstand'g.

"SS^^iSWfsiSSS^SI

Q-J
1898

5J

-J

$722,000

|

I

|

1904.

Balance for divs.. $30,497 $10,734
Dividends paid... 25,270 20,740
sur. 5,227 def.10,006
Balance

WALTHAM STREET RAILWAY.

STOCK

& BONDS—

Outstanding.

Interest.

Dale.

Maturity.

'

Seetext
100,000

Stock ...$100,000

1925
5g. J-D.
1st mtge., $100,000) 1905
Int. at Amer. Loan
Trust Co., Boston, Trustee.
($1,000)
s
Earnings for fiscal year ending Sept. 30, 1905, «;ross, $11,768; deficit

&

deficit, $9,364. Operates 6.418
Floating debt Sept. 30, 1905, $271,780. V. 81, p. 1850.

from operation, $9,272;charges, $92;
miles of track.

(4)

NEWTON & BOSTON STREET RAILWAY— Trolley.

&

Interest. Outstanding.
Date.
Maturity.
BONDS—
$200,000
Stock,$250.000,pr.$100
5J-J
200,000
July 1, 1912
1st M. for $500,000.... $ 1892
Not subject to call. ( Int. pay'le at Am. L. & T. Co., trustee, Boston.
$331,916
Current liabilities Sept. 30, 1905
Dividends— In 1898, 5 p. c; in 1899, Jan., 1*4 P- c; in Apr., H* p. c.

STOCK

None

since.

of trolley. Operates Newtonville & WaterRy., 314 miles, under lease of 1897. Total trackage, including
sidings, 13-P46 miles.
Earnings—For year ending Sept. 30, 1905, gross, $63.32'; net,
$12,069; interest, taxes, etc, $30,773; balance, deficit, $18,704.

Road—Owns 9% miles

town

(a)

St.

NEWTONVILLE & WATERTOWN STREET RY.— Trolley.

Organization— Operates about 5 miles of track. Stock, $50,000; outstanding, $50,000; par $100. Unfunded debt Sept. 30, 1905, $59,650.
No funded debt. Operated by Newton & Boston St. Ry., under lease of

annum on

1897, at a rental of 7 2 per cent per
Febraary and August.

the stock, payable

(5) SOJTH MIDDLESEX STREET RAILWAY—Trolley.
This company is in the hands of a receiver.

—

&

Interest. Outstand'g.
Maturity.
Date.
BONDS
STOCK
seetext.
Stock ($100)
see below. $100,000
Feb. 1, 1915
5g.F-A
100,000
1st M., $100,000, gold. 1895
Interest payable at International Trust Company, Boston.
Current liabilities Oct. 1, 1905, $350,545.
Dividends
In 1894, 6 p. c; in 1894-95, 2H p. c; in 1895-96, 4 p. 0.;
1896-97, 533 P- c; 1897-8, 6 p. c; in 189^-99, 6 p. c; in 1900-1, 6 p. 0.;
In 1901-02, 1902-03, 1903-04 and 1904-05 none.
:

Road— Owns 13-8 miles of track; rails 75-lb. T; has trackage rights
over 5 7 miles additional; total operated, 19 miles.
-

Earnings—Year ending September

30, 1905, gross, $70,812; net,

$17,087; charges, $14,178; surplus, $2,909.

NEEDHAM

STREET RY.— Is leased to South Mid(a) NATICK &
dlesex St. Ry. at rental of 4 p. c. on the #50.000 stocu and interest on
bonds. Receiver ceased operating road in Jan., 1904, and a large part
of track taken up. Has outstanding $50,000 of 5 p. c. firat mortgage
gold bonds due Feb. 1, 1921. Operates 5.822 miles of track.
(6 J

WESTBORO & HOPKINTON STREET RE-

In 1901 and owns road from Westboro
Hopkinton, 6-36 miles. Stock, $40,000, par #100. Bonds, first mortEarnings for year ending
gage, 5 p c, $40,000 due Nov. 1, 1922.

ORGANIZATION— Incorporated

,

to

Sept. 30. 1905, gross, $12,803; net, $2,014; fixed charges, $2,737; deficit,

$723.

MASSACHUSETTS

ELECTRIC

NIES.— Electric ilgnt and street railways.

COMPA-

Organization— Formed in May, 1899. Is not an incorporated
company, but a voluntary association managed by a board of fifteen
trustees, who hold the title to its assets. Messrs. E. Rollins Morse A
Bro. and Tucker, Anthony & Co. of Boston, who promoted the combination, in June, 1899, in offering some of the stock for publlo subscription [$1,000 of preferred and $500 common was offered for
$1,050], stated that "the Declaration of Trust contains striot provisions against the creation of any indebtedness whereby auy shareholder or trustee can beheld to any personal liability." Comprised
originally between 30 and 40 separate properties, but through consolidation there are (not counting the Georgetown Rowley & Ipswich St.
Ry. acquired in 1904) only two operating companies, namely the Boston & Northern St. Ry. and the Old Colony St. Ry., besides the Hyde
Park Electric Light Co. The following is a listof the companies
controlled, with their share capital Feb. 1906: [The Leominster Elec.
Light <b Power Co. (capital $50,000) is also controlled, having been
acquired in Aug., 1905.]

COMPANIES CONTHOLLED FEB,
Boston & No. St. Ry. Co... 103,600
Old Colony Street Ry.^o.. 73,124

1,

1906.
Shares.

Hyde Park Elec Light Co.

2.875

Rowley &
Total
181,999
Ipswich Street Ry
2,400
Of the above 181,999 shares, practically all were at the date given
owned by the Massachusetts Elec Companies The system comprises
eleotric street railway lines in 22 cities and 69 towns in Eastern Massachusetts and Rhode Island. The companies given cover the greater
part of the street railway mileage north of Boston as far as Nashua,
N. H., and Newburyport and Gloucester, Mass., and south as far as
Fall River and New Bedford, Mass., and Newport, R. I., connecting directly with the street railway system of Boston. Various electrio lighting companies doing business in the same section are also included.
Georgetown

&

Bonds.—The share

capital is represented by certificates
which give the owners a proportionate interest in
the shares held by the trustees. Both classes of shares are reported
exempt from taxation in Massachusetts. Listed on the Boston Stook
Exchange in April, 1901. $5,500,000 preferred stock was authorized
May 29, 1902, and sold to a syndicate. For consolidated balance sheet
of companies controlled, 8«e V. 81. p. 1720; this balance sheet shows
$18,199,900 aggregate stock of the controlled companies Sept. 30,1905,
$16,361,500 funded debt Sept. 30, 1905, and $2,105,500 notes payable

Stock

of participation,

trolley road.

Organization— Chartered in 1887. In Dec, 1903, the Railroad
Commission authorized an issue of $292,000 stock, share for share,
for the stock of the Commonwealth Ave. Street Ry. and $115,000,

Stock ($907,000, par $100)

1905.

I

I

Organization -Incorporated in Mass. in 1900. Entire ($100,
000) stock owned by Boston Sub. Elec. Companies. Operated since
Deo. 1905 by JMewton at. Ry. under an agreement.

Jan., 50c.

(1

1904.

1905.

Co,

Ity.

WEST END STREET RAILWAY— A trolley road.

Organization— Leased to Boston Elevated Ry. until June 10, 1922,
at 7 per cent on common and 8 per cent on preferred In addition to the
-.lavment of rentals, Interest and other charges. Elevated assumed

Q

I

Maturity.
See text.

500 000 July 1,1912
'

Interest payable at American Loan & Trust Co., trustee, Boston.
1st mort., $75,000 J 1896 5 g. F-A
75,000
Feb. 1, *16
($500) g.
o* I Int. at Intern'l Tr. Co., Boston.Trustee.
"Current liabilities" Sept. 30, 1905, $583,123.
Road— Owns from Newton to Waltham, Watertown, etc., 13-30 miles
track (measured as single); sidings, etc.,
57; trackage, 2-49; total,
16"36 miles; Commonwealth Ave. St. Ry., 7-62 miles; Wellesley
Boston St. Ry. 8 66 miles; total operated, 3824 miles.
Annual REPORT— For years ending Sept. 30 earnings were:

Oomm. Av.
,

-

&

to outsiders.

Date.

Common

stock,

par $100

($14,293,100)

p

Bate.

>

\

r

$20

^

Outstand'g.

U

Dividends.

,
n o, ftn
*i4,^»J,J.ou

^,^,

8%
20,557,400 3
3,500,003 July 1, 1910
)
Int. at Old Colony Trust Company,
red. at 102 any int. date)Boston, trustee.
i$l,000) gold
)
Of the new coupon notes of 1905, $2,700, COO were issued to retire
the prior notes. Tim collateral for these notes consists of $3,656,300
stook of the Old Colony St Ry. aurt $718,700 stock of the Boston &
Northern St. Ry See V. 81, p. 7^.6, 1436.
(

o5V4oof4p% .!uT.

Coupon

notes,

.

::(

$3,500 000,

4

19 5 4»ug

J«J

V

c

STREET RAILWAYS.

12

Report.— Report for year ending Sept. 30, 1905 (see Chronicle
Deo. 16, 1905, p. 1720), shows receipts from dividends, $372,540; from
Interest on notes, etc., $17,030; total, $449,570; expenses, $17,170;
Interest, $127,400; surplus, $305,000: previous surplus, $29,419; toDeductions for discount on coupon notes,
tal surplus, $334,419.
$157,500; balance, $176,919.
CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COMPANIES.*
1901-02.
1903-04.
1902 03.
Tear end. Sept. 30— 190405.
Earnings
$6,734,127 $6,380,863 $6,333,911 $6,090,168
3,827,372
4,155,909
Expenses
4,456,303
4,479,520
$2,277,824
1,543,514

$1,901,343
1.462,b26

$2,178,002
1,331,147

$2,262,796
1,391,239

$734,310
372,448

$438,717
466,003

$846,855
840,233

$871,557
676,390

$361,862 def.$27,286

Net earniDgs
Charges

$6,622

$195,167

Divisible income.

Dividends

Balance

*The Georgetown Rowley & Tpswlch
not included in any of the preceding years.
Latest Earnings— For quarter ending Dec. 31,1905, gross, $1,628,994; net, $471,528; fixed charges. $385,230; surplus, $86,298.
Da 1904, gross. $1,474,711; net, $424,679; fixed charges, $382,170;
surplus, $42,509.
Dividends— First div. on pref. stock, 2 p. c, was paid Deo. 1, 1899, also
2 p. o. June 1, 1900. Div. period then changed to J&J and 2*3 p. o.
paid Jan., 1901; Julv, 1901, 2 p. o.; in 1902.4 d.c; in 1903, 4 p. o.; in
1904, Jan., 2 p. c; July, 2 p. c. The January, 1905, dividend was
passed. See V. 79, p. 2642 2456.
The July, 1905, and Jan., 1906,
dividends were also passed.
Plant.—The street railways controlled have 865-70 miles of main
line and 912*56 miles of trark, and own and operate l,944cars,3of which
820 are closed and 1,124 open oars; power stations, 16, with a capacity of 53,410 horse power.
Officers.— President. Gordon Abbott; Vice-President, Charles E.
Cotting; Secretary, Everett W. Burdett; Treasurer, J. H. Goodspeed, Gen. Manager, P. F. Sullivan General Auditor, D. Dana Bart
lett.
Executive Committee: Messrs. Gordon Abbott, Charles Franois
Adams, 2d, E. N. Foss, Percy Parker, Philip L. Saltonstall, Charles E.
Cotting and Philip Dexter. Office. 84 State 8t., Boston. V 81, p. 265,
508, 726, 841, 976, 1242, 1436, 1493, 1665, 1 720, 1723; 1849; V. 82,
is

included in 1901-05, but is

;

p. 281.

Companies Controlled by Massachusetts Electric Companies.
(1)

BOSTON & NORTHERN STREET RY.— An electric road.

Organization—This was the Lynn & Boston RR.. but on July
The Lynn & Boston
23, 1901, name changed to present title.
RR. was incorporated under laws of Mass. April 6, 1859. In 1900 absorbed the Gloucester St. Ry. (which, Jan. 18, 1900, had absorbed the
Rockport St. Ry.) and the Wakefield & Stoneham St. Ry., which latter
on Deo. 31, 1899, had absorbed the Woburn <& Reading, the Salem &
Wakefield, tbe Mystic Valley and the Reading A Lowell. In April,
1901, acquired the Beverly & Danvers. In May, 1901, absorbed the
Lowell Lawrence & Haverhill and the North Woburn. The Lowell
Lawrence Haverhill liad in Nov., 1900, been consolidated with the
<fe

Lowell

cfc

Suburban, and

the latter

had previously received authority

St. Ry. On Mar. 2, 1903, absorbed the Gloucester
Ry., previously leased.
In June, 1903, received permission to issue stock in exchange, share
Danv. siock and for Law. & Read St. Ry.
for share, for Middleton
stock. The Middleton & Dan vers had previously absorbed the Haverhill <fe Andover Street Ky. and the Lawrence
Reading had abeoibed
the Reading Wakefield & Lynnfield Street Ry.
bate.
Interest.
Outstand'g
LastDiv.de
STOCK
BONDS—
Stock (par $100)
In 1905, 2%
$10,360,000
Ref. M.. $15,000,000, > 1904
4 g. J-J
1,243,000
Julv 1, 1954
gold i$1,000j
c'i Int. at Adams Trust Co., Boston, Trustee

to lease the

& Rockport

St.

&

&

Naumheacr

—

Rv. 1st.. .1886

5J.-D.

1890

5 J. - J.

215,000 June 1, 1906
711,000 July 1, 1910
Int. at Knickerb. Trust Co., N. Y. Manhattan Trust Co., N. Y., Trus.
LynnBeltlst
1890
5 M.-N.
100.000
May 1,1910
American Loan & Trust Co., Boston, Trustee.
Essex Electric 1st
1891
6 J. -J.
100,000 Jan. 1,1911
Old Colony Trust Co., Boston, Trustee.
Lynn ABost. 1st m.,g.,) 1894 5 g.J. D.
3,723,000
Dec. 1, 1924
$5,218,000, $l,000.c* 5 Int. at Old Colony Trust Co., trustee. Boston.
Coup, notes, $405,000 1897 6 A. -O.
405,000 April 1, 1917.
Plain Bonds secured by
Consol.

St.

M.

($1,000)....

Lynn & Bos. mort.
Lynn Boston, Deb

of

do

1894—
1887
1892
1887
1890
1891

<fc

do

Naumkeag.Deb
do
do

5 A.-O.

5M.-S.
5A.-0.
6M.-S.
6J.-J.

Glou'sterSt.Ry.lstM.,g.,1887
5 A.-O.
Interest Is payable at American Loan &
er

X

V

896
5gJ-D
i°sTM <Ri25 ooom
000)7gola :!.... : ) Int at Amer L
Wakefield & Stoneham 5 1QQ c „
1895
5 K- tit - a
S
1st M. $150,000, g.,c. I

'U

-

-

-

M

100,000
Apr. 1, 1907
186,000 Moh. 1, 1912
49,000
Apr. 1, 1907
24,000
Sept. 1, 1910
10,000 July 1,1911
60,000
Apr. 1.1907
Trust Co., Boston, Trustee.
Dec. 1, 1916
125,000

& T Co " B °8ton, Trustee.
-

t^nnnn
150,000

Mo.
Mar.

i

1,

iqir
1915

The last issue is redeemable at 105 after March 1, 1900. Interest
at American Loan
Trust trustee, Boston.
The Mystic Valley St. Ry. has out $60,000 gold 5s, dne Jan. 1, 1919.
The Rockport 8treet Ry. has outstanding *12,500 6 per cent ooupon
notes, interest payable April and October, due Oct. 15, 1916.
The Gloucester & Rockport has outstanding $10,000 6% ooupon
notes dated Feb. 1, 1895, and due Feb. 1, 1915.
LOWELL LAWRENCE HAVERHILL.
Date. Interest.
Outstand'g.
Maturity.
STOCK & BONDS—
Stock ($100j, com
Was exchanged for Lynn Boston.
Merrimack Valley Street) 1891 5g.A-0
$342,000 Apr. 1, 1911
Railway 1st mort. gold. ( Interest at Inter. Tr. Co., trustee, Boston.
Lowell Law.
Ha verlilllf 1893 5g.J-D
$953,000 June 1,1923
<fc

<fc

<fe

«.V

P

1st mort., $1,900,000, ] Sub), to call for the sink. fund, at 105 .feint
gold, $1,000
c" ( Interest at Am. L.
T. Co., trustee, Boston

&

B

y

5 J ~J
64 000
J^.1,1928
Mas8 i»t"in»rt^ 1893
Interest at State Street Trust Co., Boston
$
Soonds! assumed. „
Low. Law. & Hav. Consols of 1893 are reserved for Merrimack Val.
ley bonds when due.
Lowell & Sub. St. Ry.)
1891 5 g. J-D 1,000,000
Dec. 1. 1911
1st M. 1891, gold.c* s Int. at the Am L. &Tr. Co., Boston. Trustee.
Bonds— Of the $15,000,000 Boston & Northern bon-is, $8,432,500
are reserved to retire prior liens. These bonds have no sinking fund
and are not subject to call. Of the $5,379,000 first mortgage Donas
of the Lynn <fe Boston RR., $161,000 have been canceled, and the unissued balance is to be used to take up other bonds. The Merrimack
Valley St. Ry. 1st mtge. bonds are redeemable at option at any time
after 10 years from their date.
Dividends— F) oiu 1880 to Oct., 1899, inch, 8 yearly; in 1900, 7;
in 1901, 6: in 1902, 6; in 1903, 5 p. c; in 1901, 2^ p. c; in 1905.2 p.o.
Road— Comprises the lines of the Mass. Electric Companies north of
Boston, embracing 422-062 miles of mam and, 2d aaln.line and 439-261
miles of track— all owned.
Annual Report— For fiscal year ending Sept. 30, 1905. of all companies included in the Boston <& Northern St. Ry.: Gross, $3,942,582;
net, $1,357,265; other income, $19,373; charges, $940,066; dividends
2%), $203,200; surplus, $233,372.

^r?

'

I

OFFICERS—President, Patrick
V. 81, p. 1846.

Vol. l xxx n.

F. Sullivan, Lowell; Treasurer, J. H.

Goodspeed.

(a) BOSTON & CHELSEA STREET RY.— Owns 4379 miles of track.
Leased to Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to
6 per cent on $121,000 stock, payable A&O.

(b)

BOSTON & REVERE ELECTRIC

ST.

RY.—

Organization— Incorporated June 24, 1889. Leased from July 1,
1895, for 99 years to Lynn & Boston, which guaranteed interest on
the $50,000 bonds (of which $27,000 had been retired up to Feb. 1,1906)
and divid'dson $50,000 stock from July 1, 1898, at 5 p. c. per annum.

&

Interest. Outstand'g. Last div., etc.
Date.
Stock
Bonds—
$50,000
Stock (par $100)
5 J- J
Feb. 1,1910
23,000
1st mort. drawn at 104.. < 1890
Int.(notpr.)gu.byB.&N. I Interest at American Loan & Trust, Boston.
ROAD—Total track, 3 8 12 miles.

5F-A

EAST MIDDLESEX STREET RY.—

(C)

Organization— Owns 18 6 miles

of track; sidings, switches, etc.,
miles. Leased May 1, 1893, to Lynn & Boston
Boston & Northern) for »9 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 Donds were issued to take up a like amount
of 5 per oent bonds which matured on Jan. 1, 1902.
Maturity.
Date. Interest. Outstand'g.
STOCK
BONDS10
Stock ($100) $300,000
$297,700
Plain bonds, int. gu. (end.).
1898
5 M-S
120,000 Sept. 1, 1918
1902
4 J-J
100,000 Jan. 1,1922
Refd. Donds, int. gu. (end.).

8; total,

mow

194

&

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.— prinoipal is not
guaranteed.— V. 67, p. 482.

NASHUA STREET RAILWAY.—Trolley.

(d)

Organization— Incorporated Aug. 14, 1885. On July 1, 1900, was
teased to the Lowell & Suburban for 99 years, and lease now runs to

& Northern through consolidation.
Rental— Dividends are payable Jan. and July at the rate of 4 p. o. in
1901, 5 p. o. in 1902 and 6 p. o. for the remaining 98 years of lease.
Boston

Stock Bonds Etc— Date. Interest. Outstand'g. Div. <£ maturity.
See text.
Stock,$325,000.(par$100)
$300,000
150.000
Oct. 1, 1931
1st mortgage, $150,000) 1901 4 g. A-O
o* > Int. at Old Colony Tr. Co., Boston, Trustee.
($1,000), gold
Bonds.—Entire issue may be called on and after Oct. 1, 1906, at
105 and accrued interest. The interest is guaranteed by the Boston
& Northern St. Ry.
ROAD— Operates 15'52 miles of track.

WTNNISIMMET (STREET) REORGANIZATION—Owns 20 miles of track.

(e)

Leased to the Lynn &
Boston for 999 years from 1880, at $3,000 per annum. Capital stook
Dividends in 1894 to 1905, 6 p. c.
is $50,000, par $50.

Nashua

&

G

J

OLD COLONY STREET RAILWAY.—A trolley road.

(2)

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 & Hoi brook and Whitman street companies. In 1900 was consolidated with the Boston

Milton & Brockton, the Brockton Bridgewater <fe Taunton, the Brockton & East Bridgewater and the Taunton & Brockton. Subsequently
was also consolidated with the Quincy & Boston and the New Bedford
Middleborough & Brockton.
In Nov., 1900, Mass. RR. Commissioners approved proposition to
purohasethe South Shore & Boston and the West Roxbury <fe Roslindale. The South Shore <te Boston comprised the Braintree & Weymouth Street Railway, the Bridgewater Whitman & Rockland, the
Hingham Street Kailway(the latter being a consolidation of the Hingham, the Hull and the Nantasket Electric), the Hanover Street Rail
way and the Rockland & Abington Street Railway. The West Roxbury & Roslindale St. Ry. had previously absorbed the Norfolk Suburban, the Norfolk Central and the Needkaiu <fe Boston.
In Jan., 1901, also received authority to acquire the Globe St. Ry.
(after the Globe St. Ry. had first absorbed the Dighton Somerset &
Swansea St. Ry., the Taunton St. Ry. and the Providence & Taunton).
On July 1, 1901. leased the Newport <& Fall River Street Ry.
Lcaxe -In 1903 the Boston Elevated Ry. leased all this company's
traok in the City of Boston for 99 years. The lease provides for the
payment of all taxes and also 6 1* p.o. on replacement value, (appraised
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. 0. on
all additions and betterments.
Date. Interest. Outstand'g. Maturity
Bonds—
STOCK
$7,512,300 In 1905, 2%
8tock (par $100)
1904 4 g. J-J 1,777,000 July 1,1954
Ref. M., $10,000,000, gold. )

&

($1,000)

.......

Brockton St.Ry. bonds.

Bonds

)

$

I'S'S

Bonds, gold
Brockt.(Consol.)St.Ry.

^1

(

58

M. $750,000 g....
Boston Milton & Brockton..
.)
1st

1st mtg. bonds, $100,000..
Brock. Bridgewater & Taun.
lstM.g,$200,0OO($l,0O0)c*
Brook. &. E Bridgewater....
1st M. g.. $30,000

5

Old Colony Tr.Co lf Bost, Trust.
4,000 Apr.1,1906
1886 4iflA-0
1890 4ia A-O
33,000 Apr.1,1910
15,000 Jan. 1,1912
1892 5g. J- J
1894 5 g.A - O 698,000 Oct. 1,1924
Subject to call at 105 and interest.

Int. at

^
<

( Int.

1899

at State Street Trust Co.
100,000 July 1,1919
5 J-J

Int. at Inter'l Tr. Co., Boston, Trustee.

200,000 Aug.1,1917
g. F-A
Am. L & T. Co., Boston. Trustee.
)
1898 5 g. F-A
30,000 Feb. 1,1918
I Int. at Am. L. & T. Co., Boston, Trustee.
100,000 Aug.1,1917
)
1897 5 F-A
)

1897 5

N.BedfrdM'dleb'ro<& Brock.
IstM. $325,000 ($1,000) g.
Rr*1ntree mtee
Braintree mtge

Int. at

J

Taunton <fe Brockton
1st mortgage $100,000

S

Int. at State St. Tr. Co., Boston, Trustee

)

S
J

^

1900
Int. at

5

g.

Am.

J-J

L.

6J

325,000 Jan.1,1920

& Tr.

Co., Bost., Trustee.

35,000 July 25. '14
gtate gt Trugt Co Bo8ton( Trustee.

1894

"

J

(

GLOBE STREET RAILWAY SECURITIES.
Date.

Outstand'g.

Interest.

Maturity.

April 1, 1912
$750,000
5g. A-O
lQtM «750 000 g
e-oid / 1892
% : Redeemable at 105 and int.after April 1, 1902.

ttnSh

c S r
$>i,ouu eaon
ut .is payable bvtrus., Mass. Trust Co., Bost.
July 1, 1912
550,000
Debentures, g. ($1,000). c 1892
5g. J-J
Mar. 1, 1910
Debentures.g. ($1,000). c 1894
125,000
5g. M-S
Dighton Somerset &] iaaa
K g. T -Tk
125 000
Dec 1 1915
1896
5 „ J-D
,
,«Si(kZ; f Int at Internat'l Trust aCo., Boston, trustee
Siiikl »- fund ls $3 000
y ear
S u£Ti,i9di\*i #00) J
Interest on the Globe Street debentures ls payable in New York at N.
Y. Security & Trust Co.
Jan. 1, 1914
5 J350,000
Taunton St.Ry.lstM. 1894
Mar. 1,1914
200,000
Do Debentures. 1894 5M-8
Interest on Taunton Street Ry. bonds payable at American Loan &
Trust Co., mortgage trustee, Boston.
PT
&T U
Sept. 1. 1918
150.000
i o
,f
nnm' I !898 5g.,M-S
Amei ican Loan & Trust Co - Boston, Trustee.
a uhor'd$2o6 000 3

S

-

-

^

^

'

-

:

STREET RAILWAYS.

Feb., L906.J
SOUTH SHORE A BOSTON

ST.

Date.

B

S

* 1,000)

RAILWAY. SECURITIES.

Interest.

Outstand'g.

Maturity.

$335,000 Aug. 1, 1919
5 F-A.
'interest at American Loan & Trust Co. (trustee) Boston.
80,000 Mar. 1,1917
Weymouth 1st ) 1897 5 g. M-8.
Braintree
gold $80.000
5 Iut. at International Tr., Boston, trustee.
85,000 Nov. 1, 1917
ridgewater Whit. & Rock. ) 1897 5 g. M-N.
1st mort., gold. $1,000.0' S Int. at American Loan& Trust, Boston
100,000 May 1, 1915
Rockland a- Aldington first? 1895 6 g. M-N.
niort., $100,000 gold....O* $ Int. at Old Colony Tr. Co., Boston, trustee.

°oW"*\

UHHMb

(

|

1899

&

M

.

'

WEST ROXBURY

<fc

ROSLINDALE
Date.

RAILWAY BONDS.

ST.

Interest.

Outstanding. Maturity,

$143,000 Sept.l, 1916
5 g. M-S
1st M. $150,000, gold.B. f. > 1896
($500) red. at 103 after > Interest at International Trust Co., Boso*) ton. Trustee.
Sept. 1, 1901
Norfolk Central 1st mtg., )
$55,500 Jnly 1,1918
1898
5 g. J.-Jgold. $100,000. Int. at
(Subject to call after July 1, 1903.)
International TrustCo.,
I

13

Stock & Bonds—
Common, $750,000, $100

Date. Interest. Outstand'g.

Maturity.

$365,000
250,000
231,000
5g. M-N

$250,000, S100 6% n.-o
Nov 1, 1933
$1,000,000, g., ($500) 1903
-.
& $1,000)
o*S Int. at Union Tr. Co., Detroit, Trustee.
.Bonds— $756,500 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-For year ending Deo. 31, 1905, gross, $51,834; net, $18,3i5; fixed charges, $10,084; surplus, $8,251.
Road— Operates 20 miles of track between Bowling Green, O., and
Woodville; 40 miles additional projected. Standard gauge, 60-lb. T
rail.
Connects at Bowling Green with the Toledo Bowling Groan &
Southern Traction Co., at Pembervllle with the Toledo Fnstoria &
Fiudlay Ry. and at Woodville with the Lake Shore Elec. Ry. Furnishes
eleotric light and power at Bowl'g Gr'n, as well as hot water heating.
Office°S— President, Dallas B. Whipple; Vice-Pres. and Gen. Mgr.,
E. H. MoKnight; Sec. and Treas., Chas. H. Draper.— V. 78, p. 769.
Pref.,

ls r

M,

|

Boston, trustee
Norfolk Suburban,

J

July, 1914
J.-J.
$65,500
5
1st) 1894
mortgage
S Int. at Internat'l. Tr. Co.. Boston, trustee.
Bonds— Ot the new $10,000,000 Old Colony Street Ry. mortgage,
$4,667,000 are reserved for prior liens. These bonds are not subject
to call.
Road—Consolidated system operates 351-856 m. main and 2d main
line (including the Newport <fc Fall River St. Ry.) and 394-378 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. c; in '99, 8 p. c; in;
1900. 84 p. c; in '01, 6 p. c; in '02, 5p. c; in '03, 5 p. c; in '04, 3 p.c.
in '05, 2 p. c.
Report of consolidated companies (including Newport & Fall
River) for year ending Sept. 30, 1905, gross. $2,380,8 «>4; net, $768,659;
other income, $128,758; charges, $632,275; dividends. $146,248
(2%); surplus, $118,894. V. 79, p. 734; V. 80, p. 1235; V. 81, p. 1846.

BRADFORD ELECTRIC STREET RY.--Trolley.
Organization— Incorporated June 7, 1894.
Interest.
Date.
Stock & Bonds -

Outstand'g. Maturity.
$130,000 In '02-3 7%
Stock, $130,000. par $50
1901
122,500
5g. M.-S.
1921
1st mortgage, $130,000, }
Tr. Co., Bost., Trustee.
gold (500)
S Tnt. at Amer. Loan
Notes payable June 30, 1 90*
$37,002
Bonds— Sinking fund of $2,500 per annum is In operation.
Road— Operates 11 miles of track. 15 cars.
EARNINGS-For year ending June 30, 1904: Gross. «54,758; net,
$18,190, interest and taxes, $8,099; dl*.,none; surplus, $10,091.
Officers -Pres., H. L. Pierce. Leominster, Mass.; Sec. and Treas..
C. E. Hudson, Bradford; Supt., J. W. Barnes.

&

NEWPORT & FALL RIVER STREET RY.—

(a)

Street Railway and Newport
Illuminat'g Co.; embraces 20-483 in of track in and between Newport
and Fall River; also eleotric lighting. Was leased on July 1, 1901, for
99 years, to the Old Colony Street Ry. for a rental of 6 per cent per
annum and interest on bonds. The Mass. Eleo. Companies disposed
of its holdings in Feb., 1902.
Interest.
Outstanding. Maturity
STOCK, Bonds, ETC.— Date.
See text
J.-J.
$900,000
Stock, par $100
Z40.000 Aug. 1,1918
5 F-A
Newport
Fall River < 1898
1st mortgage
I American Loan & Tr. Co., Boston, Trustee.
4Ljj-j
396,000 July 1, 1954
New mort., $1,000,000, > 1904
gold ;$1,000)
S Int. at Am. Loan &Tr.Co., Boston, Trustee.
50,000 Deo. 1,1910
5 J-D
Newport St. Rv. 1st M. ) 1890
o. S Interest at the Indust. Trust Co., Provi., R.I.
$50,000 ($500)
63,500 Oct. 1, 1925
5 g.
New. 111. Co. 2d M., g
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, 1905, were: Gross,
$261,015; net, $118,089; oharges, $42,300; surplus, $75,789.— V. 56,
p. 1249; V. 79, p. 213, f 01, 1462.

Has been consolidated with Newport

A

(3)

BRADFORD, PA.

GEORGETOWN ROWLEY & IPSWICH ST. RY.— A trolley road.

BRIDGEPORT, CONN.

CONNECTICUT RY. & LIGHTING

CO--

This property is controlled by the United Gas Improvement Company of Philadelphia. Originally chartered in Conn., Maroh 2, 1895, as
the Gas Supply Co. Charter amended and name changed March 2,
1899, to Connecticut Lighting & 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 franchises are perpetual
Norwalk & So. Norwalk HI. Light Co.
Bridgeport Traction Co.
Central Ry. & Elec. Co. of New Britain. Norwalk Street Railway Co.
Norwalk Tramway Co.
Derby Street Railway Co.
Greenwich Gas & Electric Light's Co. Shelton Street Railway Co.
Milford Street Railway Co.
Southington dfc Plantsville Tramway.
Waterbury Traction Co.
Naugatuck Electric Light Co.
Westoort & Saugatuck Street Ry. Co.
NorwalkGas i.lghtCo.
In 1904 purchased the Roton Point Improvement Co. and the
Cheshire Street Ry. See V. 79, p. 2696. Neither of these companies
has any bonds outstanding.
Date. Interest. Outstand'g.
Maturity.
Bonds.—
Stock
Common stock ($100)
$9,191,000
Pref., 5% cum. after Jan. 1,
5,809,000
1904 ($100)
lst&ref.$15,000,000,gold.) 1901 4»a g.. J-J 11,785,493 Jan. 1, 1951
Int. at Colonial Trust, N. Y.. trustee.
$1,000 s. f.
"
706,000 July 1, 1923
Bridrenort Traction mort- ( 1893 5 ?- J J
Trustee.FidelityTrustCo. of Newark, N J
^afe^oid r«i ooo»
n* 5
gage, gold (*i,uoo)
c
^ Int at Redmond> Kerr & Co> New York.

&

i
i

Organization—Incorporated in Jan., 1899. In April, 1^05, absorbed the Haverhill Georgetown Danvers St. Ry. through exchange
<fe

of stoci, share for share.

Stock and Bonds—

Stock, $240,000, $100
let mtge., ($1,000.) \
$180,000, gold
s
H. G. &D. 1st Mtge....

V. 80, p. 1363.
Date. Interest.

Outstand'g.

$240,000
180,000

6%

Maturity.
in '99-1900

June 1, 1920
5 g. J-D
Mercantile Tr. Co., Boston, Trustee.
Mch. 1. 1919
1899
5
35,000
ROAD-— Owns and operates 25 miles of track from Haverhill to
Georgetown aud Newburyport, with branch through Rowley to Ipswich, where connection is made with the Boston & Northern RR.
1900

Int. at

BOSTON & -WORCESTER ELECTRIC COM-

PANIES-

Organization.—This is a voluntary association organized under a
trust agreement dated December 29, 1902. Its property consists of
Worcester Street Railway. It
the capital stock of the Boston
has issued 27,936 4 per cent cumulative preferred shares and
28,614 common shares, no par value; but In oase of liquidation preferred shares receive $100 each before the participation of common.
Jan., 1H0-). was listed on Boston Stock Exchange. In Nov., 1904,
stockholders were offered 2,400 shares new pref. at $72 per share,
with a bonus of one share of common; Feb, 1905. 3,000 additional
shares of preferred and 3,400 shares of common were issued
REPORT.— Dividends received from B. & W. 8t Ry. stock, $103,488;
miscellaneous income, $4,555; total income, $108,043; expenses, $2,256; dividends. $105,744; surplus, $43.
DiVlDENOS.— First div. on pref. stock— 2 per cent— paid July 1. 1904.
and 2 p. o. was again paid Jan., 1905, and 2 p. o July 1, 1905. In

&

1906, Jan

,

2 p.

c.

OFFICERS— President, James F. Shaw; Vice-Pres., Arthur E. Childs;
Sec. and Treas., George A. Butman.— V. 78, p. 1781. 1961, 2441; V. 79,
p.

2454, 2641; V. 80, p. 221, 710; V. 81,

p.

1722; V. 82, p. 99.

Railway Mort-) 1894
6
A-O
75,700 Ap.2, 1914
Redeemable after April 2. 1904.
s
Connecticut Li'tlng& Power 1899
5
209,000 Jan. 1, 1939
J-J
Bonds.—- $990,700 of bonds are reserved to retire the prior bonds
The remainder of the $15,000,000 may be issued from time
still out.
to time for additional properties and new construction, improvements
and betterments. Statement to N. Y. Stock Exchange in V. 73, p.
852; also V. 79, p. 2745. Listed on the New York and also on Philadelphia Stock Exchange.
Bonds were formerly not subject to oall, but on June 23, 1904, a
supplemental mortgage was made giving the right to call bonds on
any interest date at 105 and interest 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
interest guaranteed by the United Gas Improvement Co. by endorsement. See V. 79. p. 626, for form of guaranty. Offer expired Oct. 1,
1904, and was accepted by $9,631,000 of outstanding bonds.
Road—The railways embraced comprise 185-9 m of track reaching

Derby
gage

St.

Milford, Bridgeport, Stratford, Southport, Shelton, Derby, Ansonia,
Sevmour, 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 Derby, and company also has a traffic contract with
the Hartford 8treet Railway for reaching Hartford. Controls toe pro
j acted Naugatuck Valley Eleo. Ry., which is building a line from Bey
mour to Naugatuok, thus providing a through line to Waterbury.
EQUIPMENT—June 30, 1905: Cars, 442; motors, 612; car barns. 16
also 4 complete electric light plants also owns gas plant at Norwalk
and operates gas plant at Waterbury.
Report— For year ending June 30. 190S. gross income, $2,121,045
;

BOSTON & WORCESTER

ST. RY.—Trolley.
( 1
Organization— Incorporated in Massachusetts on Nov. 16, 1901.
Franchise unlimited. Owns a double-track line between Boston and
Worcester and has purchased all franchises and property of the Framingham Union St. Ry.. Framingh»m Southborough Marlborough St.
)

Ry. and the Marlborough

&

Framlngham

&

Ry.
Date.
Interest.
Outstanding. Maturity.
Stock
BondsBtock, $100
$1,725,000 Jan.,'06,3%
Bost <te Wor.lstmort.,$2,- 1903 41$ g. F-A
1,610,000 Aug.1,1923
500,000,gold ($1,000)0* Int. at Am. L. & Tr. Co., Boston, Trustee.
Fram. Union 1st mort
47,000
5
1909
5
60 000 Jan. 1, 1919
Fram. So.& Marl. 1st M. " < Int.
at Amer. Loan & Tr.. Boston trustee,
(
Dividends. Paid 3 p. o. July, 1901; in 1905, Jan., 3p o.,July, 3 p.c;
in 1906, Jan., 3 p. c.
Report.— For year ending Sep\ 30, 1905: Gross, $453,905; net.
$218,710; charges and taxes, $113,648; dividends, $103,494; surplus,

&

St.

;

—

$1,568.

Road -Owns and operates 75 miles of track, a considerable portion
over private right of way, between Boston and Worcester. ORails, 75-lb.
Officers— President, James F. Shaw; Vice-President, H. Fisher
Eldredge; Sec. and Treas., Geo. A. Butman.— V. 80, p. 6l9, 1911; V. 81,
p. 1722.

BOWLING GREEN, OHIO.
LAKERY.—A BOWLING GREEN & NAPOroad.
LEON ERIE
trolley

Organization— Incorporated

in

Ohio in 1902.

and charges, $674,109; surplus, $140,580.
OFFICERS— President, A. M. Young; 1st Vice-Pres., D. S. Plume:
Secretary, W. F. Douthirt; Treasurer, Lewis Lillie. Main office, Bridgeport, Conn.-V. 80, p. 1111; V. 81, p. 264, 1099.

net, $814,689; taxes

MERIDEN SOUTHINGTON & COMPOUNCE
TRAMWA Y'~^- °Uey &
Connecticut Railway
with

Controlled by Interests identified
Lighting Co.
ORGANIZATION— Incorporated In Connecticut on Sept. 10, 1897.
Date. Interest. Outstand'g
Maturity.
Bonds—
STOCK
Com. sto'k ($100) $500,000
$200,000
See text
175,000 July 1,1928
1st mort., g., $200,000 0*) 1898
5 g J-J
Optional at 110 and interest.
($1,000) can be called at >
110 after Aug. 15, 1903. ) Interest at Colonial Trust Co., N. Y.
Bonds can be issued only for new extensions to the extent of 50 per
cent of cost and provided net earnings for the twelve months preceding the issue were equal to 10 per cent on all bonds issued and proposed.
DIVIDENDS— One p.c. quar. fromApr., 1899, to andinoludlng Apr.,'02;
none since to Feb., 1906.
EARNINGS—For fiscal year ending June 30, 1905, gross, $63,188 ;
net, $13,280; interest and taxes, $11,784; surplus, $1,496.
ROAD— Owns 13 miles of track between Meriden and Southington
with a branch to Lake Compounce. Standard gauge, 56 lb., T rail.
Operates 26 cars.
OFFICERS— President. Walton Clark; Vice-Pres., A. M.Young; Treas.
Lewis Lillie; Sec, W. F. Douthirt. -V 74, p. 427.
rT

the

&

road.

)
>

,

:

STREET RAILWAYS.

14

BRISTOL, CONN.
& PLAINVILLE TRAMWAY CO.
BRISTOL,
A trolley road. Also furnishes electrio

Organization— Organized Sept. 21, 1893. On Aug. 15, 1904. stock
holders authorized an inorease of stook from $1 50,000 to *250,000.
gas plant is about completed. The bonds given
See V. 79, p. 732.
In table belowwere called lor payment Nov. 1, 1905, and were to be
4V> bonds. V. 81, p. 776.
replaced bv
Maturity.
Outstand'g.
Date.
Interest.
BONDS—
STOCK
See text
$250,000
Stock, $1,000,000 ($100). ..
200,000 Nov. 1,1925
1895
5 M.-N.
let mortgage, $200,000
Earnings— For years ending June 30, including electrlo-llght plant
Balance.
I>iv'ds.
Gross.
Net.
Int. <£ taxes.
Year—

A

&

-

$15,084
$40,822
$16,738
$9,000
$125,874
19.091
6,750
112.779
40.075
14,234
Road— Operates about 12 miles of traok laid -with 56 and 60-lb T
rail, from Bristol to Plalnvllle, with branch to Lake Compounce
and to Terryville. Standard gauge, 26 cars and 3 snow plows.
OFFICERS— President, Miles L. Peck; Vlce-Pres., N. E. Pierce; Treas
M. L. Tittanv; Secretary, A. J. Muzzy; Gen. Man., G. E. Cookings, all

1905
1904

Conn.-V. 77,

p. 649;

V. 79, p. 732; V. 80, p. 116; V. 81,

BRISTOL, TENN.
BRISTOL GAS & ELECTRIC CO.-Trolley

and

electric light.

Organization— Incorporated In N. Y. to consolidate the Bristol Gas
A Elect. Co. ( Va.) and Bristol Belt Line Ry. Co., all the stock and bonds
of which company it acquired.
Interest. Outstanding. Maturity
Date.
Stock & Bonds—

$248,500
8tock, $300,000. ($100)
242,000 Jan., 1923
1903
5g. J-J
1st mortgage, $375,000..)
g. ($500 & $1,000) c.&r. s Inter, at Metropolitan Trust Co., N.Y.,Trus.
Bonds are subject to call on any interest day at 110 and Interest.
Earnings— For calendar year 190*, for both Bristol Gas & Elect. Co.
and Bristol Belt Line By., gross, $53,455; net, $15,789; fixed charges,
$12,640; surplus, $3,149.

Road— Operates about 3^ miles of

OFFICERS— President, Charles

B.

track.

Hobbs,

New York;

B L. Dulanev. Washington, D. C; Sec. and
Edwin M. Walker, Bristol.—V. 77, p. 1748.

BROOKLYN,

BROOKLYN RAPID
IS.)

Treas.

Br. Rap. Tr., 1st Re- )
fund. M. ('02) ,$150.- >

000,000 gold..c*&r )
B'klyn R.T.,g., mort, )
1895, $7,000,000 o* 5
Brooklyn City RR. lstconsol. M., 1891.
B'klyn Crosst. 1st M.
Cal.

and Gen. Manager,

N. Y.

Organization— Organized January 18, 1896, per plan in Chronicle, V. 60, p. 1145, to succeed to the property of the old Long Island
Traction Company, foreclosed syndicate headed by the late ex-Governor Flower having then bought control. Is not a railroad corporation, 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.
Assets— The following Is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit Co. Feb. 1. 1906
;

Gr.

*:se~25o,Os«

BONDS.
$2,000,000
First mort. 6 p. c. bonds Brooklyn Queens uo. &Suo. RR. (par)
50,000
1st con.mort. B'klyn Queens Co. A Sub. (owned by B'klyn Heights Co.)
* First mortgage 5 per cent bonds Brooklyn City RR. (par)
1,627,000
Nassau Elect. RR. (in Nassau Elec. Treasury)
29,000
Fir.-t cons. 4 p.c.bonds
80.000
Gold 5 p. c. bonds Brooklyn Rapid Transit
2,907,000
Ref. mort. 4 p. c. bonds Brooklyn Rapid Tran«it Co
1.000
mort. 5 p. c. bonds Brooklyn Bath & West EodRv..„
Second
•

16,044,000

•Composing guaranty fund for performance of Brooklyn City Railroad Company's lease.

The Brooklyn City RR.

Oo. is held under a 999-year lease, dated Feb.
guaranteeing all fixed charges, organization expenses, taxes
and 10 per cent dividend on $12,000,000 of stock. The lease is nominally to the Brooklyn Heights RR. Co. but practically to the Brooklyn
Rapid Transit Co., since that company owns the entire capital stock of
the Brooklyn Heights Company and guarantees payment of dividends
to lessor. In 1898 the Heights Company leased the Brooklyn Queens
County <fe 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. & 8. 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 Electric RR. Later, permanent lea»es were made.
On June 30, 1904, presumably in consequenoe of a deoision (V. 79, p.
102,) compidlinic ther issuance of transfers, the lease of the Nassau
14, 1893,

Electric RR. was oanceled.
For decisions as to transfers, see V. 79, p. 2204, 2587.
The Brooklyn Rapid Transi t Company in April, 1899. also acquired,
through one of its constituent companies, all the franchises and properties of the former Brooklyn & Brighton Beach RR. Co., and has converted it into an electric road. The oompany also then leased for the
period of 999 years the Prospect Park & Coney Island RR. (see terms
under the latter), the New York & Coney Island RR. and the Prospect
Park & 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. In Feb., 1902, purchased property of South Brooklyn RR.
Term. Co. V. 74. p. 479.
In Nov., 1905, purchased for $362,000 the road of the Brooklyn
Rockaway Beach RR., 3 1* miles, from East New York to Canarsle.
On May 21, 1904, the Brooklyn Heights RR. Co. signed an agreement with city for operation of trolley cars (but not elevated trains)
over the new Williamsburg Bridge. See V. 78, p. 2013, 2386. Later
the Bridge Operating Company was formed, with $100,000 capital, to
operate the bridge lines. See V. 79, p. 626. Cars began running across
the bridge in Nov., 1904. V. 79, p. 2084.
The Transit Development Oo. was organized In April, 1903, with
$25,000 capital and Is owned exclusively in the Interest of the Brooklyn Rapid Transit Co. for certain 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 capital of $l,0u0,000, of which
$980,000 is owned by the Transit Development Co.
In April. 1900, the Brooklyn Heights Company began suit against
the Brooklyn City RR. to recover about $2.(K 0,000 for failure to fulfill
obligations claimed to be Imposed by the terms of the lease between
the two companies. On March 9, 1905, D-CadyHerriok was appointed
referee In the action by the Supreme Court in Brooklyn. V. 80, p. 1174.

&

6,000,000 5 J-J JJuly 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 4I3F-A July 1, 1941
9,000
125,000 6 M-N May 1, 1910
7,500
200,000 5 A-O Aug. 1, 1906
10,000
250,000 5 A-O Apr. 1, 1941
12.50O
People's Trust Co.. Brooklyn, Trustee.
175,000
3,500,000 5g J-J Muly 1, 1941
Guaranty Trust Co., New York, Trustee.

St.

A New. 1st M.

RR

>

1st mort,, 1891.... 5
B. Q. Co. & Sub. 1st)
mort., 1894
$

^"Tfi J^?; I
600'

2,884,000 5g M-N
Central Trast Co

1,

$4 500

1894. )
Jam. <fe 'b. RR. 1st >
mort., 1889
v
Sea B'oh Rv. 1st M., >

1896
Brooklyn Un. Elev.

)

1st M., 1899, guar.

-

S

gu '99 c

Int. at

$15,000,000

1898

M., gold. 1891

r

.

Atlantio Ave. Imp.
$220,000, g.,1894
tB.B. &W.E. IstM.

Central Trust Co.,

144,200

Trustee.

New York, Trustee

419,040
4 g J-J Jan. 1, 1951
Guaranty Trust Co., Ne w York, Trustee.
Bonds guar by end by ^'^^ Heights RR.
Apr. 1, 1944
33.00C
660,000 5 A-O
Hamilton Trust Co., Brooklyn, Trustee.
36,500
730,000 5 A-O Oct. 1, 1909
Brooklyn Trust Co., Trustee.
112,050
112,241,000 5g A-O Apr. 1, 1931
Brooklyn Trust Co., Trustee.
220,000 5g J-J Jan. 1, 1934
11,000
'

j

)

bonds, 1894
Atlantic Ave. 1st
mortgage, 1884..
Atlantic Ave. gen.

«

10,476,000

^oho^soPmTiel
1st mortgage"

1941

280,000
7.000,000 4g.F-A Aug. 1. 1949
Int> at Central TrU8t Co -' New York, trustee.

)

honds^i obo?e4r

1,

26,000
650,000 4g M-8 Sep. 1, 1916
W. M. Grinnell.W. O. Piatt & Wm. Man, Trustees.
800.000
16,000,000 5g F-A Feb. 1, 1950

&£eooo°Ortn' ^nirH
($i;000)

Muly

New York

12,000
240,000 5g J-J Jan. 1, 1930
Central Trust Co., New York, Trustee.

$

guar.,

\
1

S

S

)

-

New York, Trustee.
12,500
250,000 5 J&J Jan. 1, 1907
Title Guarantee & Trust Co., Trustee.
Ser. A,red,.Ian.'97 ]
tB.B.&W. E.lstM.
250,000 5 A&O Jan. 1, 1917
12,500
Ser.B,red.Jan.'97 s Title Guarantee & Trust Co., Trustee.
2,600
tB.B. &W.E.2dM. >
52,000 5 J&D June 1, 1911
red. July, 1896. s
Title Guarantee & Trust Co., Trustee.
Oct. 1, 1933
6,050
B. B. & W. E. Genl. )
121,000 5g A&O
Franklin Trust Co., Brooklyn, Trustee.
gold. 1893
S
Total interest charges (on above $81,591,000 of funded
debt outstanding)
$3,675,120
Rental payments in addition to payment of fixed charges—
B'klyn City RR. stock, $12,000,000.10% Q-J 15, 999 years. $1,200,000
40,000
Prospect Park & Coney Island RR., yearly rental
Sea Beach Railway Co. yearly rental
6,500
S

Central Trust Co.,

>

-

STOCKS.
$200,000
Entire capital stock Brooklyn Heights KK. Co. (par)
Entire capital stock Brooklyn Queens Co. * Suburban RR. Co. (par).. 2,000,000
660,000
Entire stock Sea Beach Ry. Co.. (owned by Nassau Electric) par value
Entire issue of the common stock of the Nassau Electric RR. Co., par. 8,500,000
pref. stock
63,5U55i shares out of 65,000 shares of the i% cumulative
6,359,575
Of Nassau Electric RR. Co., par
47.63v*5 shares out of 50,000 shares of the 6$ non-cumulative preUnion Elevated RR. Co., par
4,763,546
ferred stock of the Brooklyn
124,402-73 shares out of 13u,000 shares of the common stock of the
12,440,873
Brooklyn Union Elevated RR. Co., par
Entire capital stock of Coney Island & Gravesend Ry. Co. outstand85,400
ing, (owned by Nassau Electric) par
146,228
1.462-28 shares Brooklyn Rapid Transit Co., par
150,000
Entire capital stock of South Brooklyn Ry
980,000
9,800 shares out of 10,000 of the Amer. Railway Traffic Co
26.000
Entire capital stock of the Transit Development Co

'

Cem. &G.lstM.

B'klyn Heights

Maturity. Ann. charge.

Interest.

22,042,000 4g J-J July 1, 2002
$881,680
Central Trust o.. New York, Trustee.
Coupon bonds, $1,000; regist'd, $1,000, $5,000.
7.000,000 5g A-O Oct. 1, 1945
350.000
a Int. at Colonial Trust Co., N. Y., trustee.

New W. & Fl. 1st M.
G. & Lorimer IstM.

Vice-President,

TRANSIT.-(*'ee Map, page

&

Vol. lxxxji.

SECURITIES OUTSTANDING.

& BONDS— Outstanding.
8tk.,$45,000,000($100>$45.000.000
STOCK

lights.

of Bristol,
p. 776.

|

$1,246.500

Total

Note Tn

addition to the amount given above, rental is paid to the
'Brooklyn Union Elev. RR. and 4 p. c. dividends guaranteed on pref.
stock of the Nassau Eleotrio RR, but as the Brooklyn Rapid Transit
Co. owns nearly all the stock of those companies, we omit the figures
from the table.

Subject to caU July 1. 1916.
1 Subject to call at any time.
Subject to call in 1916.
IT Atlantio Ave. general mortgage 5s of 1931 were subject to call 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 trustee of this mortgage
until Oot., 1903, when the Colonial Trust Co. was substituted.
Sloek—Stock authorized is $45,000,000; issued $45,000,000. The
stock was formerly held in a voting trust, but this terminated January
1, 1900, and control is now vested in the owners of the shares.
In the reorganization of Long Island Traction the old $30,000,000
stock 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 1902 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 Nassau Eleotrio boads, 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
Sub. mortgages and the Jamaica
Brooklyn
Brooklyn Queens Co.
1st mortgage at the First Nat. Bank, Brooklyn; and on the Sea Beach
1st mortgage at the Brooklyn Heights RR. office.
New Mortgage for $/?o,ooo.oco.— Stockholders authorized March 20,
1902, First Refunding Four Per Cent Gold Convert, bonds for $150,000,000. $61,055,000 Is Intended to retire all the existing bonds of
the system, and the rest for improvements, additions and new acquisitions, as needed from time to tame. The mortgage provides that a
fund of $5,000,000 in bonds or their prooeeds be at all times at the disposal 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 oompany on its order.
*
t

A

&

These bonds can be converted Into stock, par for par, after July 1,
1904, and before July 1, 1914, and are subject to call on any interest
day until year 2,000 at 110 and interest; after that at par and interest.
See Listings application in V. 81, p. 1856 and 1857 for list of securitiespledged for the bonds.

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 RK. 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
acquired by consolidation in 1890. Of the $6,000,000 issued, $4,373,000 are in the hands of the public and the balance is held in the
guaranty fund.
The total authorized issue of first consolidated mortgage gold 5s of
Suburban RR. is $4,500,000, of which
the Brooklyn Queens County
$1,616,000 are reserved for extensions, on which they will be a first
lien
Of the $2,^84,000 outstanding, $2,255,000 in 1898 wero endorsed with the guaranty of the Brooklyn Heights RR. Co. as to principal and interest, and in January, 1899, provision was made for
guaranteeing the remainder on the payment of ten dollars per bond
Both B. Q. C. & S. loans are subject to call in 1916.
The 8ea Beach Ry. 1st 4s also are guaranteed as to principal and interest by the Brooklyn Rapid Transit Co.— V. 65, p. 1219.
The Nassau Electric bonds are guaranteed (by endorsement on each
bond) by the Brooklyn Heights RR. Besides covering the mileage
directly owned they are a lien by a supplemental agreement upon the
stock of the Coney Island & Gravesend Ry. and the Sea Beach Ryand will become a direct lien on these lines as soou as they have been
formally merged in the Nassau Electric Of the total of $15,000,000
bonds authorized the unissued remainder is reserved for prior liens.
8ee listing application in V. 72, p. 342.

A

..

L906.

sthki<;t

railways.
15

)

:

STREET RAILWAYS.

1G
Mileage—The system includes:
Name —

Sid2d
Track. ing s,<Cc.
•483
•218

1st

Track.
-483

Brooklyn Heights KR
Brooklyn City RR
104692 99-510
Brooklyn Queens Co. & Sub. RR... 26-119 25-286
64-035 62-975
Nassau Electric RR
6-341
6'34
Sea Beach Railway
3-20
Coney Island & Gravesend Ry
316
1-465
1-465
South Brooklyn Railway
Prospect Park <fe Coney Island RR. 9*76
796
Brooklyn Union Elevated RR—
27-746 27-747
Elevated lines
Surface lines
N. Y. & Brooklyn Bridge

7907

RR

Trackage on C. I. &. Brooklyn RR...
Trackage on Willianisburgh Bridge

51-785
8648 135-708
1-736
14-417
•363
6-723
•715
3-645
7-54
25-26
•380

10366
3-480

100

•84

1623

1-184

7336 211-538

7-907
1-30

1-30
1-53

Total
miles.

1-624

65-859
19-294
3-60
2-37

3247

256 250 246 598 41-782 544630
1905.— Closed cars. 1,485; open cars, 1,394;
642; mail, freight, snow-plows, sweepers, <fec, 373

Total miles operated

EQUIPMENT June

30,

combination cars,
Locomotives, 111
REPORT—The annual report for 1904-5 willbe found in V 81, p. 898.
INCOME ACCOUNT BROOKLYN RAPID TRANSIT AND CONSTITUENT COM-

—total, 3,894.

PANIES—TEAR ENDING JUNE

30.

1904-05.
Receipts—
$15,649,401
Passengers
219,641
Freight, mail and express.
123,511
Advertising
340,892
Amer. Ry. Trafflo Co
161,245
Rents
miscellaneous inc.
90,890
Other

1903-04.

1902-03.

$14,429,546
127,260
132,655
65,697
159,783
35,620

$13,086,840
75,658
117,823

$16,585,580

$14,950,562

$13,557,814

$495,188
812,600

r

Total
r

" Expenses

—

Maintenance of way
Maintenance of equipm't.
Operation of power plant.
Operation of cars
General expenses
Damages and legal exp'es
F'ght, mail * exp. exp'es.

$816 275

Taxes

1.206,325
1,501,746
3,803,574

552,068
999,527
139,515
301,673
827,951

An?. Ry. Traffic Co. exp'es

$615,669

1,655,623
1,356,620
3,982,569

537,265
987,635
45,893
62,330
748,258

180,931
96,562

1,680,751
3,450,524
535,286

956,730
757,789

$10,631,821

$8,688,868

$5,441,865
4,052,957

$4,868,946
3,904,068

$1,603,219
453,285

$1,388,908
383,706

$964,878
208,481

$1,149,934

Net earnings
Fixed charges

$9,508,697

$5,953,759
4 ,350 ,540

Total

$1,005,202

$756,397

(net)

Surplus
Special appro, and miscel.

Balance

Latest Earnings —For 6 months ending Dec.
Brooklyn Heights RR.

31:

Co-

Net.
Fixed Charges.
Surplus
Gross.
$3,157,775
$6,627,459
$2,288,047
$869,728
1905
2,667,376
5,966,646
2,228,382
438,994
1904
Brooklyn Queens Co. Sub.—
$750,427
$398,350
$229,642
$168,708
190>
255,051
614,602
252,317
2,734
1904
OFFICERS— President, Edwin W. Winter; Chairman of Board, A.N.
Brady; Vice-Presidents, Horace C. Du Val and T. 8. Williams; Secretary and Treas.. C. D. Meneely Vice-President and Gen. Manager,
J. F. Calderwood; Comptroller, Howard Abel, 85 Clinton St., Brooklyn.
INOEX—V. 80, p. 162,471,599, 1174. 1362, 1423, 1478, 1485,2343;
V. 81, p. 30, 263, 898, 1664, 1722, 1847; V. 82, p. 333, 392.
Companies Controlled by Brooklyn Rapid Transit Company.

Year.

;

(l)l
BROOKLYN

now

UNION ELEVATED RR

-Formerly a steam road

electric.

Organization—Organized on January

Brooklyn Elevated Railroad and

its

30, 1899, as successor of the
allied lines per plan in V.

64, p. 609. Embraoes the Kings County Elevated Railroad reorganized according to plan in V. 68, p. 724, the Sea View Railroad and the

Brooklyn

<fe

Brighton Beach

RR

On June 30, 1905, the Brooklyn Rapid Transit owned $12,440,273
common and $4,763,546 pref. stock of the Brooklyn Union Elevated.
Lease— Leased for999 years from July 1,1901; thelessee 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 annum thereafter. Lessee also agrees to guarantee, principal and interest, all bonds of the Brooklyn Union and Kings County Elev. RR. Co's,
the guaranty to be stamped upon the bonds upon presentation. In
Feb., 1902, began stamping bonds with guarantee. Certain days each
month are designated for stamping. See V. 81, p. 1722.
Date. Interest. Outstand'g. Maturity, etc.
Stock AND BONDS.
Com. stock, $13,000,000, \
$13,000,000
$100
s
Pref. stock, 5% non-cum.,
5,000,000 Dec.,1905,2%
$5,000,000, $100
S
) 16.000,000
5 g.
Feb. 1, 1950
1st M., $16,000,000 g., 4% ) , qqq <
F.
till '05,then 5% ($1,000) 5
S Cent. Trust,N.Y.,Trustee.

&A

Kings County Elevated 1899 4g.F&A
Aug. 1, 1949
7,000,000
1U * '"""'" v
lstm., gold, $7,000,000 Interest at Central TrustCo., N. Y., Trustee.
c $
($1 o6b?"
Both issues of bonds are listed on N. Y. Stock Exchange.
Road—The Brooklyn Union embraces 65'859 miles of elevated track
and 19-294 miles of surface track. Total, 85-153 miles. The New York
and Brooklyn Bridge has 3-60 miles of track in addition.
On July 1,1898, the operation of the Bridge railroad was oommenced.
See terms of contract in V. 67, p. 27, 426. In April, 1898, an agree'

'

ment was made with Long Island RR. providing for joint construction
«f connecting line at East New York and running of through trains
from Jamaica to Brooklyn Bridge and from Rockaway Park to Broadway ferries. Construction begun in Nov.. 1898, and work completed
V. 67, p. 1054. On May 30, 1903. through service
in February, 1899
by elevated trains (not Long Island RR. trains) from Broadway Ferry
to Jamaica wan inaugurated; butinNov., 1903, the Board of Aldermen passed an ordinance prohibiting the operating of electric trains
on Jamaica Avenue, and the next month through service was discontinued.
DIVIDENDS-— The first dividend of 2 p. c. on the preferred stock was
paid June 29, 1901; in 1902, June 30, 1 p. c. On Dec. 31, 1902, lVa
In 1903, June 30,
p. a; Dec. 31, H« p. o.
p. c, and *2 P, c. extra.
in 1901, July 7, 1^ p.o.; Dec, 2 p.c. In 1905, June, 2 p.a; Deo., 2 p c.
Annual Report— Now included in Brooklyn Rapid Transit.
OFFICERS— President, Edwin W. Winter; V.-Pres T. 8. Williams;
Sec and Treas., C. D. Meneely— V. 77, p. 2389; V 79, p. 268.

m

(2)

NASSAU ELECTRIC RA.ILROAD.— A

trolley road.

Organization—Chartered March 13, 1893, under the laws of New
York. Opened in July, 1895, and in April, 1896, leased the Atlantic
Avenue RR., etc. As stated above, the Rapid Transit Company owns

the whole $8,500,000 common stock of the Nassau Electric and
$6,359,575 out of the $6,500,000 preferred stock.
Lease.— Was formerly leased for 999 years from Apr. 1, 1900, to
Brooklyn Heights RR.,but coincidently with a decision compelling the

[Vol.

i.

xxxii.

Issuance of transfers from one leased line to another (V. 79, p. 102)
lease was terminated on June 30, 1904. Contract to pay a minimum of 4 p. c. dividends on the pref. stock will, however, be fulfilled.
The Nassau Eleotrio Railroad owns the entire amount of stock
($650,000) of the Sea Beach Railway; also entire stock ($35,400)
of the Coney Island & Gravesend Ry.
The assets of the Kings
County Traotion Co. were purohased at publio sale in July, 1898,
by the syndicate conducting the consolidation. V. 67, p. 74, 125.
Certificate of merger of Atlantic Ave. RR. and United RR. (the latter
being successor to the Brooklyn Cable Company sold at foreclosure.
Deo. 23, 1897) was filed on Jan. 26, 1899. V. 68, p. 283, 821.
Dale.
Interest. Outstand'g.
Maturity
Stock
Bonds—
Common stock, $9,500,000
$8,500,000
Pref.4p.o.cum,$6.500,000
....
....
6.500,000 Nov./j,*05,4%
Bonds— For details see Rapid Transit statement above.
Road— Owns 135 708 miles of single track; also owns the stock of
the Coney Island & Gravesend (6-723 miies) and the stock of the Sea
Beach Railway (14-417 miles); total track, 156-848 miles.
Atlantic Ave. RR. (now part of Nassau Electric) owns the doubletrack steam road from Jamaica to Flatbush Avenue Station in Brooklyn, 9^ miles (19 miles of track), whioh is leased for 99 years from
June 1, 1877, to the Long Island RR.Co., affording that company entrance into the City of Brooklyn— rental, formerly a percentage of receipts, was changed in 1895 to $60,000 yearly. V. 61, p. 828. Litigation has arisen with Long Island RR. with reference to use of Atlantic Avenue. See V. 74, p. 1139.
Dividend— First dividend under lease was paid Deo. 31, 1900, 4 p. o.
Nov., 1901, 4 p. c; Nov., 1902, 4 p c; Nov., '03, 4 p.c; Nov., '04, 4 p.o.
Annual Report— For year ending June 30, 1905, gross, $2,811,398; net. $1,101,717; other Income, $75,108; charges, $801,004; surplus, 375,821; speoial appropriation, $90,608; dividends (4%), $260,000; balance, $25,213. V. 70, p. 125,328; V.71,p. 1220; V.72,p. 240,
339,342.
Latest Earnings.— For 6 months ending Dec. 31:
tear.
Net.
Fixed Ohargtt.
Cross
8urplus.

trie

&

1905
1904
(3)

$1,689,530
1,382,643

$505 096

$803,410
594,836

488,991

$298,314
105,845

PROSPECT PARK & 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. and equipped the road eleotrically. (V. 68, p. 1224; V. 69, p. 654.) Rental is $40,000 per annum
and expenses until 1910, when amount increases to $45,000. In consideration 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 4*2 per cent. See V. 56, p. 42; V. 62, p. 187.
Interest.
Outstand'g. Maturity.
Date.
STOCK
BONDS—
Stock, $100
$250,000
2d M., now 1st ($1,000 ) 1886 4^1 F. & A. 340,000 Feb. 1, 1926
each),c.*&r
F.&A. 160,000 Feb. 1, 1926
$1886 6
3d M. (now 2d), gold > 1891 4i«g. M.&. S.
96,000 Mar. 1, 1931
each), c*&r.{ 1891 6
M.& S. 104,000 Mar. 1, 1931
($1,000
Interest on above mortgages payable at U. S. Mort. & Tr. Co., N. Y.
Income bonds.non-eum. 1880 6
M-N
250,000 May 1, 1920
R. E. M., June 30, 1905
29,766
5%
Billspaya*leJune3O.'05
430,500
ROAD—Embraces 25-26 miles of single track.
EARNINGS.— Now included in those of Brooklyn Rapid Transit. The
Prospect Park
Coney Island received as rental from Brooklyn
Heights In 1904-1905 $40,000; rental of buildings, $29,154; total,
$69,154; interest, taxes, &c, $70,594; deficit, $1,440.

&

&

CONEY ISLAND & BROOKLYN RR-

ORQANIZATION— Chartered Dec 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 <fe Brooklyn.
Outstand'g. Last div.. <6c.
Interest.
Bonds.— Date
Stock
Stk.$2,000,000(p.$100)
Feb., '06,2%
8 2.000,000
Q.
First consol. mort., 5 1898
4g. J.-J.
2,000.000 July 1, 1948
Mercantile Trust Co. N. Y., Trustee.
$2,000,000, gold.
(
Consol. mort.$ 10,000 ( 1904 4g. J.-J.
1,500.000 Jan. 1, 1955
000 eoM ($1,000) .c* I Mercantile Trust Co N.Y., Trustee.
B'kln City vNewtown > 1889
5
J.-J.
2.000,000 July 1,1939
1 st M., $2,000,000.. 5
Int. at Mercantile Trust Co., N. Y., trustee.
R.E.morts
96,282
Bonds— Of the new $10,000,000 bonds, $4,000,000 are reserved for
prior liens and $4,500,000 for extensions and improvements.
No
sinking fund and bonds cannot be called.
Road—Brooklyn to Coney Island, with branches, 13*75 miles; Brooklyn City & Newtown RR., main line and branches, 10'38 miles; trackage
rights, 4-99,'miles; second track and sidings, 24-18 miles; total operated, 53-30 miles. 486 passenger and 19 other cars.
Beginning May 5, 1901, fare to Coney Island on Sundays and holidays was increased from 5 to 10 oents.
DIVIDENDS— In 1895, 6 per cent; In 1896, 5 per cent; in 1897, 6 p. c;
in 1898, 8±z per cent; V. 67, p. 955
in 1899; 10 per cent; in 1900, 10
percent; in 1901. 13^ p. c; in 1902, 16 p. c. In 1903, 16 p.o.; ill
1904, 16.p. c. In 1905, 10 p. c. In 1906, Feb., 2 p. o.
Report—For years ending June 30
Gross.
Oth. inc. Int. taxes, etc. Bal.,sur.
12 mos.
Net.
1904-5... $1,599,615
$437,073
$6,246
$282,411
$160,903
1903-4... 1,643,768
575,484
5,227
272,706
308,005
Officers— Pres., John L. Heins; 1st Vloe-Pres., Louis Fitzgerald; 2d
Vioe-Pres., Jas. H Hyde: Treas. and Secy., D. B. Cannon; Supt, D.
W. Sullivan.— V. 79, p. 1704, 2455, 2587, 2747; V. 80, p. 599.

&

. .

;

,

VAN BRUNT STREET & ERIE BASIN

RR.—A trolley road.

Organization. Etc.— Chartered Feb. 15, 1861.

Stock, $200,000;

par, $10. Funded debt, $65,000. Track, 3 miles, changed
to electricity in 1898. Gross, 1904-5, $53,905; net, $20,227; other income, $1,105; charges, $6,457; dividends (5%), $10,000; balance, surplus, $4,875.
OFFICERS—President, John F. Murphy; Secretary and Treasurer,
WyUys Terry. Office, 264 Van Brunt Street, Brooklyn, N. Y.
all issued;

BUFFALO,

N. Y.

&
BUFFALO — DEPEW RY.-A trolley road.

Incorporated on Apr. 27, 1897. The Investment
owns about three-fourths of the sto sk and the entire $350,090 bonds.
On Dec 9, 1904, the Buffalo & Rochester Ry. was incorporated (V.
79, p. 2695) with $3,000,000 capital, of which $61,000 was issued,
for purpose of extending Udo from Depew t*» Rochester. The RR.
Commission, however, refused permission to build the road. In O t.,
1905, the Buffalo & Rochester Traction Co. was chartered to build

Organization.

Co. of Philadelphia

the road.

STOCK

&

BONDS—

Date.

Interest.

Outstand'g.

5 J.-J.

$305,000
350,000
62,500

Stock, $350,000 ($100i

Buf.AsD.lstM., $350,000 1901
Loans payable June 30, 1905
Earnings—Year ending June

Maturity.

Jan.

1,

1931

30, 1905, gross, $9,350; deficit under
operation, $14,690; fixed charges, $18,934; total deficit, $33,624.

—

;

'
'

STREET RAILWAYS.

Feb., l«o6.j

ROAD— Operates a double-traok road froin Buffalo to Depew, 13-59
miles of track; 601b. rail; 5 care.
Officers— Pres., Henry II. Kingston; 8eo. & Treas., John J. Collier.
V. 79, p. 2695.

BUFFALO DUNKIRK & WESTERN

RR.-To

be a trolley road.

Organization —Incorporated in New York on March 9, 1903, as a
consolidation of the Lake Shoi e Traction Uo and the Dunkirk & Point

Gratiot Traction Co. Ilolcomb Latimer & Co., Buffalo, offered the
givinsr a bonus of 100 p. o. in stock. Private
right of way exoept in cities und towns. Franchises run 99 years.
Will enter Buffalo over Internal. Ky. Co.'s tracks. At Westneld will
[connect with line to Cleveland.
Outstand'g.
Maturity.
Interest.
Date.
BOND8—
STOCK
$3,500,000
Stock, $3,500,000 ($100)
May 1,1923
2,500,000
lot mnrt «<t *nn nnn > 1903 5 g., M-N
1st mort. $3,500,000 ( I)ltere8t at 8tandard Trn8t Co., N. Y., or at
gold ($1,000)
o;
Cleveland Trust Co , Cleveland, trustee.
£
Bonds.— $1,000,000 are reserved ior acquisitions, improvements
betterments and extensions.
Road-- Is to extend from Buffalo to Silver Creek, Dunkirk, Fredonla,
Brocton and Westneld, a dlstai ce of 90 miles Western Division. DunklrK to Westneld, S miles ,was opened Dec. 10, 1903. Construction of
remainder was suspended, but is expected to be resumed presently.
95 lb. girder rails in cities and towns; other rails 70-lb.
OFFICERS —Pres., Homer H. Peters, Chicago; Vice-Pres and Treas..
H. E. Byoroft, Chicago; Secretary, Clarence M. Bushnell, Buffalo.—V.
77, p. 950, 2279; V. 78, p. 2010 V. 79 , p. 2746.

bonds for sale in 1903,

&

17

national Traction Co.) as a consolidation of the following companies,
whose shares had previously been held by the Traction Co.; V. 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue &
Lancaster had first been merged in the same).
Buffalo & Niagara Falls Klt-ctrio Railway.
Tonawanda
Lockport Railway (after Eluiwood Ave.
Buffalo
Electric Railway had been merged).
Buffalo Tonawanda & Niagara Falls Electrio RR. Co.
Lockport & Olcott Railway.
Niagara Falls <fe Suspension Bridge Railway (after the Niagara Falls
Whirlpool & Northern Ry. had been merged in it).
Niagara Kails suspension Bridge Co
The Buffalo Railway owned the $2,860,000 stock of the Crosstown
Street Ry. of Buffalo, and this passe. to the International Railway Co.
On Julv 1. 1902, the International Ry. Co. acquired by purchase the
Niagara Falls Park & River Ry., theClitton Suspension BrldgeCo., the
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co. This
leaves the Crosstown St. Ry. Co. of Buffalo 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 Street Ry. can also be merged, thus
leaving the International Railway Co. the sole operating company and the International Traction Co. the holding company. All
the outstanding stock of the International Railway, $60,000 bonds of
the Tonawanda Street Railway, $518,000 bonds of the Niag. F. <fe Susp.
B. and $22,500 bonds of the Niag. F. Whl. <v Northern are pledged as
security for the International Traction collateral trust loan.

&

&

I

Liens

Constituent anil

of

Owned Companies.

;

RY. on Aug.
BUFFALO SOUTHERNNew YorkCO.-A trolley road.
26, 1904, and
Or Ganizai ION.— Incorporated in

a consolidation of the Buffalo Hamburg & Aurora Ky. and the Buf& Ebonezer Ry. V. 79, p. 2146. Franchises perpetual. Has trackage rights in Buffalo over tracks of the International Traction Co.
Interest. Outstanding. Maturity.
Date.
Stock
BONDS.—
Stock, $2,000,000
$447,200
300,000 Oct. 15,*34
5 g, A-OIB
lot ™+™
connnnnnC !904
000 hnt, at Seaboard Nat Bank, N. Y., or at Flg
goid ?ii
($1,000) c
£
delity Trust Co., Buffalo, Trustee.
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 $500,000 for
future extensions and equipment.
Road.— Operates from Buffalo to Hamburg, East Hamburg and
Orchard Park, 35 *a 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; to be completed in 1906.
Is

falo Gardenvllle

&

^

m% %

T and 80-lb. girder rail.
OFFICERS —Pres., G. Tracy Rogers

60-lb.

;

Sec, E. N. Mills; Treas., D. N. Ruinsey

Vice-Pres., Luther B. Seibert
V. 79, p. 2146. 264 1,

—

BUFFALO & WILLIAMSVILLE ELEC- RYORGANIZATION— Chartered Aug. 10, 1891. In May, 1904, capital was
increased from $75,000 to $3,500,000, and in July, 1904, a new mortgage for $3,500,000 was made, to provide for extension to Rochester.
Outstand'g.
Date.
Interest.
Maturity.
Bonds—
STOCK
Stock, $3,500,000
$75,000
1st Mtge., $3,500.000 ) 1904
117,500
July 1, 1944
5 g. J-J
ft. ($500 & $1,000).. 5 Int. at Commonwealth Tr.Co .Buffalo, Trustee.
Bonds— Axe subject to call on any interest date at 105.
Road.— 4^ m. of track, Buffalo to Williamsville. An extension from
Williamsville to Rochester, 60 miles, under the name of the Buffalo
Batavia & Rochester RR., is now under construction, and completed
to Batavia. Permission to build remainder has been granted by
Railroad Commissioners; also to make au issue of $3,500,000 bonds.
Rails 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.

&

HAMBURG RATLWAY CO.-A troUey

road.

Organization.— Incorporated in New York on March 8, 1905.
Jan., 1905, capital was increased from $250,000 to $350,000.

STOCK

&

BONDS

Stock, $350,000, $100
1st mortgage, $300,000,

gold

Vute.
)

1902

Interest.

5

g.

J-J

In

Maturity.

Outstand'g.

$330,461
300,000 July

1,

1922

S

Earnings— For year e iding June 30, 1905, gross, $101,930; net,
$25,307; fixed-eharges. $18,933; surplus, $6,374
ROAD -Operates 14-75 miles of track from Buffalo to Hamburg.
Standard gauge. 65-lb. to 851b. rails. 18 .passenger, 5 freight and
service cars and 2 snow plows.
OFFICERS- Pres and Gen. Man, Jno. F. Burke; Vioe-Pres., H. R.
Hoffeld; Sec'y, D. W. Allen; Treas., Martin O. Frier. Blasdell; Sup't,
R. H. Douglass, Hamburg
V. 74, p. 13"i5.

—

TRACTIONAL CO OF NEW JERSEY-

Organization.- Incorporated in New Jersey on Aug. 9, 1905, and
acquired *7,600,000 of the $10,000,000 common stock of the International Traction Co. through exchange of stock— 100 shares of International stock for one share of Tractional 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 company $100,000, of whioh $76,000
is outstanding.
No bonds.
Officers.- Pres., Henry J. Pierce; Bee. & Treas., Arthur Robinson,
111 Broadway, New York City.— V. 81, p. 728.

INTERNATIONAL TRACTION CO.-Trolley.
In teb. 1905, control changed hands, and the present
and
officers

were elected. V. 80, p. &97.
Organization— Organized on Jan. 18, 1899, under N. J. laws, and has

directors

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 eleotrlc railway connecting the villages of DeDew and Lancaster with
Euflalo.
It also acquired the Canadian" electrio railway, traversing the entire length of the Queen Victoria Niagara Falls Park,
and connected it with the American system by the acquisition of the
eteel arch bridge at Niagara Falls and the Suspension Bridge between
Queenston and Lewiston. which brldu-es have been equipped with
trolley tracks. In Sept., 1905, acquired the Electrio City Ry.

STOCK & BONDS—
common, $10,000,000

Date.

Stock,

Interest. Outstand'g.

Maturity.

$10,000,000
5,000,000

Prf.,4p.c. cum., $5,000,000

.

Collateral trust, $30,000,000 (1899 4g.,J-J
18,255.000 July 1, 1949
($1,000), gold, c\ Interests
Guaranty Tr. Co.. N.Y., Trustee. May
at J. P. Morgan <fe Co.
f
be called at 110
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 $f>4<),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 and
part of the preferred stock was terminated September 1 1902. In
Maroh, 1 904, common stockholders received their stock in exchange
for certificates of interest previously held by them
V 78, p. 989.
Consolidation of Constituent Companies— On Feb. 20, 1902, the International Railway Company was incorporated in New York with
$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-

&

&

.

,

& BONDS—
M

Outstand'g.

Maturity.
Sept. 1,1912
293,500
payable at Company's office, Buffalo.
I
4,706,500
Feb. 1, 1931
1891
5g. F-A
Int. at Co's. office, Buffalo, E. W. Clark & Co.,
000,000 gld. 0" &r Phila., or Mercantile Tr. Co N. Y.. trustee.
6 g. A - O
1,000,000 Apr. 1, 1917
Buff. Ry. debe'tuies, f 1897
$1,000,000, g.,red.J Metropolitan Trust Co N. Y., Trustee,
Int. at co.'s office, Buffalo, or Mercantile Trust
at 105 after Apr. 1,
1902 ($500,$1,000) I Co., New York.
41* J " D2 °
150,000
June 20, '09
1894
n,,ff ny. r v mtcr
i5un. Rv k. Ji. mi„.. J
can be paid at par on any interest date.
^
4 A-O
40,000 Apr. 1, 1907
Tonawanda Eleo. ) 1895

STOCK

Date.

Buffalo F Side 2d
Buffalo Ry. 1st Con.
M. ($1,000) $5.-

J

1882

Interest.

6M-S

Int. is

-

.

,

1

RR. 1st mtge
*Tonawanda 8t. Ry.
1st M., $250,000

$
)

.. S

Interest at company's olHoe. Buffalo

1892

J-J

6

60,000

July

1,

1912

Interest at company's office, Buffalo.

tCrosstown Railway—
1st M. g., ($3,000,- J 1892

May 1, 19S2
5 g. M-N
t2,974,000
Metropolitan Trust Co., N. Y., Trustee.
5 g. J-D
673,000
Dec. 1, 1948
5 1898
t Int. at Metropolitan Trust Co., N. Y., Trustee.
5 J-D.
215,000 Junel,1927
(1897
Buff.Bellev.A Lan.M. ^ Redeemable June, 1903, at 102, and *$ per
oent less each year until at par.
(
1895
5 *- J - J
750.000 July 1.1935
Int- at Mercantlle TrU8t Co -> New York

000), gu. p.&i.c*
Buffalo Traction 1st
mort... $5,000,000

\

Int. at

^KtTI
$750 000 gold

2d
s

fHf d

at 105

« r? l°9oV I

$1000

& Lockport

-

)

5
c
1st

S

1

896

5

8-

J "J

Intat Mercantile Trust

1 25,000
July 1 , 1 921
Co., N. Y., Trustee.

1898
5 g. J-J
500,000
July 1,1938
$
$500,000... I Int. at Colonial Trust Co.. New York. Trustee.
5 J-J
800,000
July 1, 1920
Lockp. & Olcott Ry. ) 1900
1 st M., $1,000,000 5 Int. at Morton Trust Co., N. Y., Trustee; also at
Buffalo. Guar., p. and i., by Internat. Trao'n.
gold, $1,000. ...0*3
300.000
1897
5 g. J-J
Jan. 1, 1928
Niag. F. Susp. Bdg.
Toronto General Trusts Co., Trustee.
Clifton Susp. Bridge
Interest at American Exch. Nat. Bank. N. Y.
125.000
1898
5g. A-O
Lew. Con'g Bdg. Co. Toronto General Trusts Co., TrusteeOct. 1,1928
Queens. Hts. Br. Co. Interest at American Exch. Nat'l Bank, N.
Y.
Niagara Falls Park" 1893
5 J-J
600,000
Jan. 2. 1914
& River 1st mort.,
Imperial Bank, Toronto, Canada.
Canadian curr'nev Interest at
4 J-J
Niag. F. & Susp. B.. 1893
518,000j
1913
Niag. F. Whl. & No. 1894
4 J-J
22,500
1913
* All owned by International Traction Co.
1of this, $350,000 owned by Inter. Railway Co.
B'/nds— The Buffalo Ry. real estate mortgage matured June 20,1904
but was extended at 4>« p. o. until 1909. The Niagara Falls & Susp.
Bridge bonds of 1893 and the Niagara Falls Whirlpool <fe No. bonds of
1894 given in the table above matured in 19(3, 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
securitv under the International Traction Co collateral trust mortgage The Buffalo Ry. debentures are secured by deposit of $2,000,000
stock of Crosstown St. Ry.
COMBINED STATEMENT OF INTERNATIONAL BY. AND INTERNATIONAL
TRACTION CO.
Fiscal year end. June 30—
1905.
1904.
1903.
Gross earnings from operation
$4,225,439 $4,012,489 $3,663,828
Operating expenses
2.296,595 2,428.262 2,013,624
Buff.

M.,

g.,

*

.

j

'

Net earnings
Miscellaneous income
Total net income
Fixed charges, inol. int.
on bonds of I. T. Co...

$1,928,844 $1,584,227 $1,650,204
65.075
64,345
6 2,488
$1,993,919 $1,646,715 $1,714,549
1,651,411

1,565,061

1.538,484

Surplus

$342,508
$81,654 $176,065
Latest Earnings— For 6 months ending Deo. 31 (International
Ry. Co. and Crosstown Street Ry. combined):
fear.
Gross.
J* el.
Fixed charges.
Survlus.
1905
$2,475,078
$1,236,158
$577,155
$659,003
1904
2,216,110
1,148,584
663,260
585,324
ROAD— Operates 356-29 miles of track. Equipment consists of 576
motor box cars, 5 comb'n passenger and express cars. 175 motor open
cars, 12 motor freight cars including 2 electrio 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, parka,
hotels,

<feo.

of all operating companies— President, Henry J. Pierce:
Vioe- President, NeUon Robinson; Secretary and Treas., J. F. Slocum;
Ass't Sec and Treas., Geo. H. Whitwell; Gen. Manager, T. W. Wilson.
Auditor, A. C. Emmerick.
Executive Committee— Chairman, H. J. Pierce, Buffalo; N. Robinson,
Arthur Robinson and G. L. Boissevain, New York; Thos. E. Mitten*
Chicago; Thos. De Witt Cuyler, Phila., and Pendennls White. Buffalo.
OFFICERS of International Traction Co.— President, Henry J. Pierce;

OFFICERS

Vice-President, Nelson Robinson; Secretary and Treasurer. J. Frederick Slocum; Ass t Sec. and Treas., Geo. H. Whitwell; Auditor, A. C.
Emmerick. -V. 81, p. 31, 728. 1610, 1665, 1723.

BURLINGTON, IOWA.

BURLINGTON RAILWAY & the BurlingtonCO—
LIGHT
All the stock,
franchises and good-will of
Ry. A
assets,

Light Co. have been purchased by the People's Gas & Electrio Co. of
Burlington forming its only asset. The People's Co. has no bonds of
its own outstanding.

—

,

[Vol. lxxxii.
STREET RAILWAYS.
Outstand'g. Maturity.
THE CANTON-NEW PHILADELPHIA RY.
road.
CO.— A
$1,250,000

18

&

Date. Interest
BONDS—
STOCK
Stock, $1,250,000
750,000 Oot. 1, 1917
1st M., $750,000 ($500, &C). J 1897 5g. A-O
red.aft.Julyl,'02,at 105,g.<r I Int. at American L.&T,Boston,trustee,
Bonds are guar, prin. and int. by endorsement by People's Gas .V
Electric Co. of Burlington, and the latter has made a trust deed to secure the guaranty.
ROAD—Total track 18 miles trolley 48 and 66 lb. T rail. Operates
;

22 motor and 25

car*

trail

Officers— President, G. H. Higbee; Secretary, E. C. Walsh; Treas.,
Remey.— V. 64, p. 41, 468, 753; V. 68, p. 1022; V. 74, p. 1307.

J. T.

BURLINGTON, VT.

CO.—A
BURLINGTON TRACTION Outstand'g.trolley road.
Maturity.

Stock

&

Bonds—

Date.

Interest.

1904-05, 6%
Jan. 1, 1914
call before maturity.
M., $150,000, gold, >
c) Interest at Burlington Trust Co., Trustee.
$500 & $1,000
ROAD— Owns 11 miles of track in city of Burlington. Rails 50-lb.
T. Owns 8 box cars, 10 open cars, 3 snow plows.
EARNINGS— For tisoal year ending June 30:
Dividends. Bal., sur
Interest.
Net.
Oross.
$12,000
1904-5
$15,899
$7,623
$35,522
$85,862
15,158
12,000
1903-4
7,500
78,432
3i,658
OFFICERS— President, Elias Lyman Vice-President, Jno. J. Flynn;
Treasurer, W. F. Hendee; Secretary, C. W. Brownell.

8tock$200,000.par$100
Win. &B. Horse RR. 1st)

1894 6g.J-J
Not subject to

$200,000
125,000

;

BUTTE* MONT.

This company was incorporated in West Virginia in December, 1899,
as successor to tbe Butte Consolidated Railway (operating 21 miles of
track), sold at foreclosure.

STOCK

&

Bonds—

Date.

Outstanding.
$1,000,000

Interest.

Maturity.

Mar. 1, 1925
700,000
5 g. M.&S.
*e< Int. at Mercantile Tr. Co., Boston, Trustee.
for payment on March 1, 1915, or on any InBonds— May be called
terest day thereafter. Sinking fund of 10 per cent par value of bonds
begins March 1, 1916.
Officers—President W. A. Clark, Butte; Vice-Pres., J. A. Macdonald,
49 Wall St., New York; Secy. & Treas., Pierre V. C. Miller, 49 Wall St
N. Y.—V. 64, p. 663; V. 69, p. 1300; V. 72, p. 190.
$1,000 each

.

CAIRO, ILL.
CAIRO ELECTRIC & TRACTION
Organization— This was formerly the Cairo

CO.-Trolley.

Electric Ry., but in

May, 1903. after having acquired the Egypt Electric Co. and the Cairo
Electric Light & Power Co., and merged them, name changed to above.

&

%

*

300,000
565,000
Feb. 1, 1923
Int. at Am.Loan&Tr.Co.,Bo9ton,Trustee
Bonds— $435,000 are reserved for future extensions at not exceeding $25,000 per mile for % actual cost; and for improvements at ^q
actual oost.but limited to $75,000 until net earnings equal twice
amount of interest charges. Entire issue, but not any part, is subjeot
to call at 105 and Interest upon three months notice.
ROAD-Operates 22*6 miles of traok from Navarre (where connection
Is made with the Canton- Akron Ry. to Canton) to New Philadelphia.
At the latter point connection is made with Tuscarawas Traction,
running to Urtchsville. Was put In operation May 2, 1903. Standard
gauge, 75 to 80-lb. T rail. Power is provided by Canton- Akron Ry. Co,
i6 o

.

1st Mtge.7$l,o66j6o6,"g0ld,
0'
($1,000).

i 1903
)

5

g,

F-A

S

&

Treas.. Chaunoev ElOfficers—Pres., Philip L. Saltonstall; Sec.
drldge, both of Boston; Gen. Mgr., E S. Dimmock, Canton.— V. 76, p.

1083,1191.

STARK ELECTRIC RR.- An electric railroad.
in Oaio and is a consolidation inDsoember. 1902, of the Allianoe Eleotno Ry. and the Start Electric Ry.
Controls the Salem & Eastern Electrio Ry. The latter has no se-

Organization— Incorporated

curities outstanding.

BUTTE ELECTRIC RAIL WAY -Trolley.
St'k $1,000,000, par $100
1st M. $700,000 gold, J 1900

trolley

Organization— Incorporated in Ohio in J aly, 1902. Built on private
right of way except in towns and villages. Franchises run 25 years.
Is controlled by Tucker, Anthony & Co., who also control the CantonAkron Ry. and the Tuscarawas Traction.
Date.
Interest. Outstand'g
Maturity.
STOCK & BONDS—
Common, $300,000, $100
$300,000
e 6 % nou " cimiv$3<>O 000

—

Outstand'g.
Date.
Interest.
Maturity
Bonds
Stock
$150,000
Stock, $150,000, ($100)
100,000
5 g., J-D
1923
1st Mtg. $150,000, gold, J 1903
c< Int. at Central Tr. Co., Chicago, Trustee.
($500
$1,000)
extensions and betterments. Are
Bonds— $50,000 are reserved for
subject to call on any interest date after 10 years at 105.
Road— Operates 9*2 miles of truck in Cairo, together with tbe electrio lighting and power plant. 40 to 60-lb J rail, standard gauge.
Officers— President, W. P. Hallidav; Vice-Prest. and Gen. Mgr.,
C. Wright; Secretary, Jno. W. Eakin; Treasurer, J. S. Alsthorpe.

&

H

CALAIS, ME.
CALAIS STREET RAILWAY-A trolley road.
ORGANIZATION— Stock, $100,000 first mortgage, 1894, 5s, J&J
$100,000 due July 1, 1918. Current liabilities, June 30, 1905, $9,955.
REPORT—Year ending June 30, 1905, gross, $27,855; net, $4,954;
Interest and taxes, $5,555; balance, deficit, $601.
ROAD— Calais Street Railway, lower wharf to upper bridge, Calais
4 miles; St. Stephen Electric St, Ry. Milltown, N. B., to St. Stephen, N
B., 3 miles; total, 7 miles. The St. Stephen Electric St. Ry. is a separate corporation, but is owned entirely by the Calais company.
OFFICERS— Pres., George A. Curran; Treas., C. W. Young, Calais, Me.
;

&

Date. Interest.
Outstand'g.
Stock
Maturity.
Bonds—
Stock, $1,000,000, $100
$1,000,000
1st M. $1,000,000 gold) 1903
5 g. J-J
1,000,000 Jan. 1, 1928
($1,000) s.f
c. ?Int. at CitSav. A Tr. Co., Cleveland, Trustee,
Bonds—Can be called after 5 years at 105
ROAD— Operates 34 miles of traok from Canton to Salem, Including
Alliance City lines. Standard gauge. 67 and 70-lb. T rails.and 70 and
90 lb. girder rails. Total mileage, including double tract, 3t> miles.
OFFICERS— President, C. R. Morlev. Alliance; Vice-Pres. David Morison; Sec, E, S. Cook; Treas., E. Wiebenson.— V. 76, p. 973.;

CAPE MAY,

N.

J.

CAPE MAY DELAWARE BAY & SEWELL'S
POINT RAILWAY—A trolley road.
Organization— In 1901
STOCK & BONDS

control passed to the Reading Company.
Date. Interest. Outstanding.
Maturity,

Stock paid in (par $50)
$150,000
1st mort. ($150,000;... cur. 1893
5 F-A
150,000 Feb. 1. 1923
Other debts Dec. 31, 1905
161,800
In 1894 and 1895 but one interest payment was made, by mutua *
consent of bondholders. Interest was reduced to 5 per cent for
5 years from Feb. 1, 1896, and remains at 5 per oent. Trustee is N. J.
Trust & S. D. Co., Camden, N. J.
Road— Operates 6-94 miles of track In city of Cape May and extending to Cape May Point and Sewell's Point.
Earnings— For year ending Dec. 31, 1905, gross, $18,208; expenses,
$31,020; deficit, $12,812.— V. 72, p. 53*.

CEDAR RAPIDS, IOWA.
CEDAR RAPIDS-IOWA CITY RAILWAY
6 LIGHT CoOrganization— Incorporated in Iowa in June, 1903, and acquired
the property and franchises of the Cedar Rapids Eleotno Light &
Power Co., the same being free from bonded debt. Has long-term franchises In the cities and owns private right of way 100 feet in width
all

between them.

STOCK & Bonds Common, $1,700,000

Dale.

Outstand'g.

Maturity.
...
$1,700,000
Pref., 5 p.o.,n.c, $300,000
300,000
795,000 June 1, 1923
1st morte^e «2 000 nnn ) 1903 5 g. J-D
p4 minol s Tr- * Sav. Bk., Chicago, co-trustee.
eoM «f ooo>
gold ($1,000) '
c
int. at N.W.Harris & Co., Chicago.
5
Bonds.— Besides the $795,000 out, additional bonds may be
Issued for completing and equipping lnterurban road at not exceeding 60 per oent of cost, and $200,000 after road is completed,
when in any year net earnings, after all expenses, shall have been
twice oharges on bonds outstanding and those proposed to be issued
Remaining $1,000,000 may be issued, under same restrictions as tenet earnings, for not exceeding 75 per cent of cost of permanent additions, extensions or other railway, lighting or power companies. A
sinktng fund begins April 1, 1908. and bonds are subject to call on or
after June 1, 1913, at 107*3 and interest. See V. 77, p. 2279.
Road— Operates 26 miles of traok between Cedar Rapids and Iowa
City. Standard gauge; 70-lb. T rails.
Report—The Old Cedar Rapids Electric Light, Power & Steamheating Plant earned in year ending Deo. 31, 1903, $115,151 gross,
and $40,626 net.
Officers— President, Stephen L. Dows; Vioe-Pres., J. K. Smith; See
and Treas., E. E. Pinney.— V. 77, p. 2279: V. 79, p 211.
Interest.

'

(

CANTON, MASS.

BLUE HILL STREET

RY.-A trolley road.

Organization— Franchise perpetual.
Date.
Interest.
Stock & Bonds—

Outstand'g.
Maturity.
$300,000
Stock, $300,000, $100...
5 g. A.-O.
250,000
Oct. 1, 1923
1st mortge., $500,000, * 1903
Int. at City Trust Co., Boston, Trustee.
oj
gold
161,802
"Current liabilities" Sept. 30, 1905
Bonds subject to call as a whole at 115 and int. on any int. day.
Earnings— For 12 months ending Dec. 31, 1904, gross, $78,645; net,
$9,904; fixed charges, $17,757; deficit, $7,853.
Latest Earnings— For year ending Sept. 30, 1905, gross, $78,295.
Road— Operates 17 24 miles of track from Mattapan, where connection is made with the Boston Elevated Ry., to Canton and Stoughton,
Norfolk St. Ry.
at which latter point it connects with the Bristol
and the Old Colony Street Ry. 41 cars.
Office RS— Pres., C. H. French; V.-Pres., F. S. Pratt; Treas., A. Stuart
Webster, Boston— V. 78, p. 1906.
Pratt; Gen. Mgrs., Stone
.

-

&

&

CANTON, O.
CANTON-AKRON RAILWAYS

trolley road.
in Ohio in Feb., 1901. In 1902 acquired
the Canton-jMassillon Elec. Ry. Operates cars in the city of Akron over
Light Co. by traffic agreethe lines of the Northern Ohio Traction

Organization—Incorporated

&

Franchises expire in 1925 and 1926. Owns central power
station at Canton costing $350,000, which furnishes power for entire
system, aWd also for the Canton-New Philadelphia Ry.
Dale. Interest. Outstanding. Maturity.
Bonds—
Stock
Common, $1,200,000 ($100)
$1,038,900
J-J
6
Pref. 6% ii.cu. $800,000 ($100) ....
725,700 Jan.,'06,3%
Canton- Akron 1st mortgage < 1902 5 g. M-S
1,150.000 Mar.1,1922
000). o*l Int. at Knickerbocker Tr. Co., N.Y., Trust.
$2,000,000, g., ($1
190° 5 «• ' N
850,000 May 1, 1920
M-issillon 1st mort
X Interest at Cleveland Trust Co., trustee,
s£ nmnnn g., ($1,000)....^
$1,000,000, I Vi onm
or at Standard Trust Co., New York.
Bonds- Of the $2,000,000 Canton-Akron bonds, $850,000 are reserved
to retire the Canton-Massillon bonds. Neither issue subject to call.
Dividends- 3 percent on preferred stock paid Jan. 1, 1903; also
3 p. c. July 1, 1903. In 1904, 6 p. c. In 1905, 6 p. 0. In 1906, Jan.,
3 p.o.
Road- Operates 22 miles of track from Canton to Akron (completed
May, 1902); 8 miles from Canton to Massillon; 5 miles from Massillon
to Navarre and 20 miles In the cities; total, 55 miles.
Track, standard gauge. Rails, 73-lb. girder, 56, 60 and 70-lb. T.
EARNINGS-For year ending June 30, 1905, gross, $451,471; net
after taxes, $163,499: interest, $100,000; surplus, $63,499.
Officers- Pres Wm. H. Hoover, New Berlin, O.; Sec, Chauncey
Eldrldge, Boston; Treas., Philip L. Saltonstall. 53 State Street, Boston;
Gen. Mgr., E. S. Dimmock, Canton.-V. 81, p. 776.

ment.

CEDAR RAPIDS & MARION CITY RY-Stock

,

<\

,

M

Bonds—

Miles. Date. Interest. Outstand'g.

$100

IstM. $250,000$l,000c.
'

Road— Owns road in

Maturity.

^

%
}\ at American Loan & Tr., Trustee. h 1? 31
Int. \ A
Boston.
2

\
?

$356,000
1891 5 J 7 J
2
2h 00 J
.

operation 1421 miles In length, extending from
Cedar Rapids, Iowa, to Marion; second track, 2-48; sidings, 173; total
18-22 miles. Rails 45 and 58-lb. T and slrder.
of all.

OFFICERS— President, P. E. Hall; Treas'r, John S.;Ely; Vice-Pres. and
Henry V. Ferguson; Supt., F L. Dlserens.

Secreiary,

&

rWnn

&

^tock, $400,000,

CHAMBERSBURG,

PA.

CHAMBERSBURG GREENCASTLE &
WAYNESBORO ST. RY.-A
trolley road.

Organization—Incorporated In Pennsylvania on June 17, 1901; alsoowns a turnpike road. 43 miles, capital, $100,000, and an electriclight plant, capital, $30,000. Is supposed to be controlled by Cumberland VaUey RR.
Dale.
Interest. Outstand'g. Maturity.
Stoc< and Bonds—

Common, $150,000

($50)..Pref. 6% n. c.,$150,000 ($50)
1st mort., $300,000, gold;

.-

$150,000
150,000
250,000 July 1,1933

1903
5 g. J-J
($100 and $500)
o* 5 Int. at ChambersburgTrust Co., trustee.
Bonds—$50,000 are reserved for extensions at 80 per oent of cost.
No sinking fund and bonds are not subject to call.
Earnings— For calendar year 1904, gross, $65,185; not, after taxes,
$30,756.

Road- Operates 15 miles of track from Greencastle to Penn Mar
Gauge. 5 It. 2i« in. 70 -lb. J and 80-lb. gilder rail. An extension o!
11 miles lrom Greencastle to Chambersburg may be built In the future

STREET RAILWAYS.

Feb., L906.]

CHARLESTON,

S. C.

ELEC- RYCHARLESTON SUMMERV'LE February, 1905.
south Carolina
incorporated
Ohoani2a t
<%

COTOCK
Stock

&

BONDS-

in

in
Interest.

L'N

Date.

Outstanding.

Maturity.

(?>

Apl. 1, 1935
$750,000
1st mtge, $1,000,000, > 1905 5g., A-O
gold ($1,000
S Int. at Knickerbocker Tr. Co., N. Y., Trustee.
Bonds— $250,000 are reserved for extensions and improvements.
A re subject to call on any interest date at 110 and int.
Road -Is to operate 25 miles of track from Charleston to Summertile.
Road Is und-r construction and grading expected to be completed about Aug. 1, 1906.
Officers— Pres Ogden Edwards, Troy, Ohio; Sec. andTreas., Geo.
.

Tupper, Summerville.

Officers.— Pres., Riohard H. Koch, Pottsville, Pa.; Vice-Pres., Samuel W. Divine of Chattanooga: 8eo. and Treas.. J. W. Pittoek of
Phila.; General Manager, R. VV. King.— V. 70, p. 430; V. 78, p. 1961.
(1) NORTHSIDE CONSOLIDATED STREET RR.
Organized In 1901. Controlling Interest is held by the United Railways Light <& Water Co.

&

Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $100,000
$100,000
1st mort.. $110,000 gold
1900 5 g. A-O
1920
110,000
Road—Operates 7 miles of railway from Chattanooga to Hill City,
Vallambrosa, Riverview, golf grounds and North Chattanooga. Standard gauge.

(2)

LOOKOUT POINT INCLINE

Stock, $20,000.

CHARLESTON CONSOLIDATE!) RY GAS
& ELECTRIC CO-

Organization— Organized February

21, 1899, as a consolidation of
the Charleston City Ry. and Charleston & Seashore RK. under Special
Aot of South Carolina Legislature, granting a perpetual charter and
gas and electric-light powers. Also owns the capital stock of the
Charleston Gas- Light Co. ($698,150), and the Charleston-Edison Light
& Power Co. ($100,000), and thus controls the whole field of light and
transport:: tion in Charleston. In April, 1899, bought for $25,000 the
Sullivan's Island Ferry Co. and for
stock of the Mount Pleasant
$4,000 the franchise of the Middle Street and Sullivan's Island Ry.
Maturity.
Date. Interest. Outsland'g.
Stock
Bonds—
Jan.,'0y,l%
$1,500,000
Stock, $1,500,000, par $50
Charleston City 1st mort.
794,000 Jan. 1, 1923
($1,000), $850,000. g'd.c. 1898 5 g. J-.l
Tax free. Int. at Mercantile Tr. &Dep. Co., Bait., trustee.
Consol. M.. g., $2,500,000,5 1899 5 s M_s
1,706,000 Mar. 1, 1999
Guar. Co., Trustee.
Int. at Bait. Trust
coupon*($1.000)
I
Holders can also collect coupons at Carolina Savings Bank, Charleston, if presented before the 10th of the month.
Bonds—Of the consol. 5s, $850,000 were reserved to retire the
$850,000 City Ry. 1st 5s, of which $56,000 canceled under sinking
fund ana consols issued to company in substitution.
Sinking Fund—Alter 6 p. o. dividend has been declared on stock, a
sinking fund of $10,000 per annum becomes operative on consols.
Dividends- First div. of ^p.c. paid July 1,1903. In 1904, Jan., *2 p.o.;
July, ** v. c; In 1905. Jan.. i« p. o.; July, 1 p. c; in 1906, Jan., 1 p.o.
Latest Earnings.— For 10 months ending Deo. 31:
Gross.
Fixed Charges.
Net.
Surplus.
Tear

&

&

-

&

—

$205,768
$510,657
$131,218
$74,550
466,872
184,396
130,063
54.333
For year ending Feb. 28, 1905, gross, $558,046; net, $21&,Earnings—

1905
1904

int. and taxes, $155,540; surplus. $60,210.
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, etc. 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— President. Philip H. Gadsden, Charleston Managing Director. Samuel H. Wilson. Charleston; Secretary and Auditor, P. J
Balaguer, Charleston; Cashier, W. B. Glenn. Offices, No. 141 Meeting

750;

;

St..

Charleston.- V. 78,

p.

2010; V. 81, p. 1789.

CHARLOTTE,

N. C.

CHARLOTTE
road.
POWER CO.— A ELECTRIC
trolley

RY.,

LIGHT

<&

Organization— Is a consolidation

in January, 1896, of all the elecstreet railway interests of Charlotte. Has since
merged the Charlotte Gas Light Co. Also controls the Dilworth Water
Co. Franchise is said to beperpetual and exclusive until Jan. 26, 1913.
StocR Is all owned by the Charlotte Consolidated Construction Co.
Dale.
Interest.
Outstand'g.
STOCK
BONDS—
Maturity.
tric lighting

and

&

Stock, par $50
$60,000 f.p
1st M., $500,000, g.)
1899
5g. J-.T
380,000
July 1, 1929
c* s Int. at Mercantile Tr. <fe Dep. Co., Bait., Trustee.
($1,000) s. f
Bonds.— A sinking fund is provided, operative 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 15ig miles of track and 24
REPORT—Years ending Dec. 31: Gross.

cars.

vper. Expenses.

Net.

1903
1902

$168,233
$104,769
$63,464
144,669
86,698
57,971
OFFICERS— President and Treasurer, E. D. Latta; Vice-President, E.

B. Springs; Sec'y, J. L.

Chambers.— V.

64, p. 329, 384; V. 66, p. 384.

$645 000
J-J

625,000

Jan.'i"

1919

subiect to call ($l,000).c* 5 Int. at Maryland Tr. Co., Bait., Trustee,
lstcons. M, $2,000,000 gold > 1904
5g. J-J
67\000 Jan. 1, 1924
($1,000)
c*r?Int. at Nashville Tr. Co., Nashv., Trustee.
Bonds.—Of the $2,000,000 new bonds, $625,000 are reserved to retire
the first 5s. No sinking fund on the new bonds, but they can be redeemed on any interest date at 105 and interest on 30 days notice.
Gross Earnings— For fiscal yrar ending Sept. 30, 1905. gross
$232,744. against $218,972 in previous fiscal year.
Road— Has 34 miles of track on 25 miles of street, including an extension to Sherman Heights completed in July, 1902. A further extension
of 5 miles to Chiekamauga National Park is under construction, which
has been completed to Rossville, Ga.
OFFICERS— President and Treas., J. H. Warner, Chattanooga; VicePres., Edwin Warner, Nashville: Sec. T. P.Wells, Chattanooga.-V.
73, p. 183, 1312; V. 78, p. 583; V. 80, p. 1911,2457

RAPID TRANSIT OF CHATTANOOGA-

Trolley.

The United Railways Light

& Water Co.

of Philadelphia (whose officials are Richard
Koch. President; H. A. Richardson, Vice-Pres..
and John W. Putock. Sec. and Treas.) owns a controlling interest in
tD.6 STOCK.
Organization. -Chartered in 1897 as the Chattanooga Rapid
Transit. In Jan., 190u, name changed to Rapid Transit Co. of
Chatt.
STOCK
BONDS—
Date. Interest. Outstanding.
Maturity
"•"'"y
Stock, $350,000 (par $100)
$350 000
1
000 ' g° ld 5 1900 5g. F-A
300,000 Feb.Y,"i925
'/«t /2S-'each).
($1,000
c* I
Inc. at Real Est. Trust Co., Phil., trustee.
Road.— Controls and operates (not Including Northside Consolidated
Street Railway) 18 miles of railway, standard gauge, 60-lb. T and 90U>. girder rails, giving direct service from centre
of Chattanooga to

H

&

M

^O'

National Cemetery
Rossville, Ga.,

o.,

road 4.000 feet long to top of
the United Rys. Lt. & Water Co.

CHATTANOOGA & LOOKOUT

RY-

MT.

Electric.

Organization—The United Rys. Light & Water Co. of Philadelowns a controlling interest in the stock.
Date. Interest.
Outstanding. Maturity.
Stock & Bonds—

phia, Pa.,

8tock, $250,000

$250,000

Jan.. 1926
250,000
5 g. F.-A.
1st mort^are <R950 OftO $ 1901
ist mortgage, $250,000.
} Tnt< at
Estate Tr. Co., Phila., Trustee.
Lookout Incline <£ Lula Lake Ry.—
Stock, $65,000
65,000
1st mortgage, *65.000.... 1897 6 J-J
65,000
1947
Road.— Owns and operates 6 miles of track from Chattanooga to
St. Elmo, Lookout Mt., Alton Park, Forrest Hill Cemetery and Mountain Junction. The Lookout Incline
Lula Lake Ry. operates a cable
road of 5,000 feet and has 3 >« miles track on top of mountain. Total
track, about 10 miles— V. 72, p. 282, 776.

j^

&

CHICKAMAUGA TRANSFER

CO.
Bonds, none.
Operates in Chiekamauga Park
in connection with the Rapid Transit Co.'s lines. Stock all owned by
United Rys. Light & Water Co.
(I)

Stock, $10,000.

_

CHICAGO,

AURORA ELGIN

ILL,.

RAILWAY

& CHICAGO

Third-rail electric.
In Feb., 1906, lt was proposed to consolidate this

company with the

Elgin Aurora & Southern and the projected Cook County & Southern
KR. For plan of consolidation see statement of Elgin Aurora &
Southern Traction Co. under "Aurora, 111."
Organization— Incorporated in 1899 under the General Railway

Laws

of Illinois.

Stock & Bonds—
Common, $3,000,000. $100

1

Oulstand r.
Maturity.
$3,000,000
1,500,000 Jan.v03,3%
Pref. 6% cum., $1,500,000
19)1 5 ?- A -"P 16
3,000,000 Apr. 15, '41
lstM.($3,000,000)$l,000f Am. Tr. & Savings Bank, Chicago, Trustee.
gold, can not be called. Interest payable in Chicago and' New York.
1903
See text Sept. 1, 1913
6%
„,
„ ^ „„„
$500,000..
2d mortgage, ffiRnnnnn 5 Arbert j H ^pkinB> Tru8te e.
J
fund of $50,000 per annum on the 1st 5s comBonds.— A sinking
mences on April 15,1911. See V. 74, p. 726. Pool In bonds expired
by limitation in May, 1905. V. 80, p 2398. The second mortgage 6s
were authorized as collateral for the floating debt. Only part of them
has been so used, the remainder being hel d in the treasury. 8ee V.
78. p. 1103. Floating debt is understood to amount to about $300,000
and to have been extended to June 1, 1906Dividends—First dividend of 3 p. o. on preferred stock was paid
Date.

Interest.

'

',

None since.
Latest Earnings. For 6 months ending Dec.

Jan. 2, 1903.

Year

—

Gross.

1905
1904

EARNINGS— For

flsoal

31:

Oper. exp.

Net.

$36S,165
$183,846
$181,319
136,495
267,540
131,045
year ending June 30, 1905, gross, $505,455;

net, $221,988.

Road—Operates frorr. Fifth Avenue station in the City of Chicago,
over tracks of the Metropolitan West Side Elevated road thence on
its own line to Wheaton. with lines from Wheaton to Elgin, Batavia
and Aurora, 57 miles, making, with 26 miles double track, 83 miles of
track. Third rail, standard T» 100 lbs.; track rails, 80 lbs.
OFFICERS— Pres., L. J. Wolf, Cleveland; Vice-Pres., M. H.Wilson,
Cleveland; Treas., M. J. Mandelbaum, 215 Garfield Building, Cleveland, O.; Sec, H. C. Lang. Cleveland; Gen. Mgr., Edwin C. Faber,
Chicago; Auditor, C. E. Flenner, Wheaton. Office, 630 The Temple,
Chicago, 111— V. 81, p. 1099, 1790, 1847; V. 82, p. 160, 279.
;

passed to the National Bank of
in liquidation, (which holds $483,500 of the stock and
$2,926,000 of the 5s of 1894) and a receiver was appointed. Edwin A.
Potter in March, 1900, succeeded the late Gen. McNulta as receiver.
The latter in April, 1899, received authority to issue $850,000 more
certificates (5 p. c), in part to pay oif an indebtedness of $368,200,
the rest for improvements. In Oct., 1903, a majority of receiver's
certificates had been deposited and a plan of reorganization was
under way. V. 77, p. 950. This plan, however, was abandoned in
December, 1903. V. 77, p. 2389.
Date.
Interest. Outstand'g. Last div., <tt.
Stock
Bonds—
Stock ($100) (see text)
$500,000
Receiver's certificates
(authorized $850,000). 1899
5 p. o.
675,000
Cons. mort. ($3,000,000). 1894 5 g. M-N
2,931,000 Nov. 1, 1909
Default— Default occurred May 1, 1897, 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

Receiver—

CHATTANOOGA ELECTRIC RAILWAY CO.
5g

CO.
J.— J., $45,000. Operates a cable
Lookout Mountain. Stook is owned by

p.

CALUMET ELECTRIC STREET RAIL-

Organization— Successor, 1896, of Chatt. Electric Ry., foreclosed.
Date. Interest. Outstand'g. Maturity.
Stock & BONDS—
1898

Bonds 6

WAY.-A trolley road. control
In May, 1897,

CHATTANOOGA, TENN.
Stock authorized, $645,000
1st M., $625,000, gold, not;

19

Highland Park, Sherman Heights, East Lake,
and Chiekamauga National Park. Ga.

Illinois,

now

&

reaches South Chicago, Pullman, West Pullman, Auburn Park, Burnside and Manhattan Beach. 70, 83 and 85-lb. rails; 226 cars; also
15 new convertible double-truck cars. General Electric Co. equipment.-V. 77, p. 950, 2389.

CHICAGO

CITY

RY—

Cable and electric road.
In Jan., 1905, control was purohased by Marshall Field, John J.
Mitchell and P. A. Valentine for $200 a share on behalf of J. P. Morgan & Co. and a syndicate.
Organization— Incorporated in February, 1859, and has extensive
surface road privileges in the south division of Chicago.
Under
the Act of 1865 the company has rights running to 1958 covering the
principal lines. Some 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.
For joint proposition made to city on behalf of Chicago City Ry. and.
Chicago Union Trao., for settlement of whole traction question, see V.
81, p. 1043. Company, however, refused to accept amendments proposed by city.
STOCK
Last div., die.
BONDS— Date. Interest. Outstanding.
8t'k($100)$19,000,000
Text,Q-M 30 $18,000,000 Deo.30,*05,2i4%

&

)

,

STREET RAILWAYS.

20
On

Jan. 15. 1901, stockholders authorized $5,000,000 additional
making total authorized Issue $19,000,000; $4,500,000 of the
book was issued July 1, 1901 (the new stock was offered at par
larekolders of record June 15, V. 72, p. 183). to retire on that day
$4,019,500 outstanding bonds ; stook outstanding now $18,000,000.
Dividends— Usually 12 percent, were in 1893, 24peroent; in 1894, 12
p. c; 1895. 12 p. o.; in 1896, 12p.c; in 1897, 12 p. c; in 1898, 12 p. c; in
1S99, 12 p. c; in 1900, 12 p. o. In 1901, 10i» p. c. In 1902, 9 p. c.
In 1903, 9 p. o. In 1904, 9 p. o. In 1905, 9 p. c.
On Jan. 1. 1906. company operated 218 95 miles of
Road
track, viz.: Cable road. 34% miles; eleotrio, 184-20 miles. Equipment
Jan. 1, 1905: Cable grip oars (open). 230: cable trail cars (closed,
281, and open, 277); electric cars (439 open and 667 closed); horse
cars, open, 7; cable mail cars, 4; eleotrio mail cars, 4; newspaper oar,
1; total passenger and other cars, 1,910.
Strike.— In Nov.. 1903, company suffered from a strike of it* employees for fourteen days.
Report— Fiscal year ends Deo. 31. Report for 1905iuOiiRONiCLEof
Feb, 24, 1906.
1903.
1904.
Tear'ending Dec. 31—
1905.
$6,435,565
Gross earnings
$7,322,080
$6,668,979
4,648.341
*5,642.606
4,802,120
Op. expen. and taxes
(72-231
(72'01)
(77-06)
P. o. op. ex. to earns
stock,

&C—

-

Net earnings
Depredation
Dividends

$1,679,473
*

(9%) 1,620,000

$1,787,224

$1,866,859
$120,000
(9%)1,620,000

$100,000
(9%)1,620,000

$126,859
$67,224
Ralance, surplus
$59,473
"
Oper. exp. in 1905 include charge for depreciation.
Passengers carried in 1905 (including 87,911,785 transfers), 233,
412,268; in 1904 (including 77,732,749 transfers), 210,535.466.
NET EARNINGS FOR 9 YEARS.
$2,076,678 1399
$1,868,762
$1,679,473 1902
1905
1,906.316
2,031,098 1898
1,866,859 1901
1904
1,907,534
1,888,178 1897
1,787,224 1900
1903
OFFICERS—Chairman Ex. Com. J. A. Spoor; President, T. E. Mitten; Vice-Pres. and Gen. Man., Mason B. Starring; Sec. and Aud., J. B.
Hogarth; Treas., J. P. Burke. -V. 80, p. 16?, 221,471,599,649,711,
8 69, 87 1, 1174, 1362, 1727, 2398; V. 8 1 p. 507, 558.

CHICAGO ELECTRIC TR ACTIO INT-Trolley.
In Feb., 1906, it was proposed to sell the road to the projected Chic.
<fe Southern Trao. Co., which would use it as an entrance into Chicago.
Plan provides for extension of road to Kankakee, 111 about 30 miles
See V. 81, p. 1043; V. 82, p. 217.
Organization.— Successor in Jan. ,1898, to Englewood <fe Chic. Eleo.
Ry., 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. Receiver was authorized to issue certificates, and
$224,000 have been issued.
,

NEW

Date.

SECURITIES—

Stock to be held 5 years
in voting trust.

>

Authorized.
~ 2 000 000
'

Maturity.

\
\

may

be increased to any amount desired, for new
property, not in excess of $40,000 per mile for first mortgage. V. 68,

Both mortgages
231.

EARNINGS-— Calendar year 1904,

gross, $128,362; net, $21,824.

Feb., 1905,31-3 mileB of track were in operation— from
63d Street to Blue Island and Harvey.
Officers— President, Isaao L. Rice, New York; Treasurer, J. S.
Bache, New York; General Manager, W. H. Conrad. Chicago, 111.— V. 70,
82, p. 217.
p. 175, 739, 1194, 1248; V. 80, p. 1043;

Road— In

V

CHICAGO & MILWAUKEE ELECTRIC RR.

—A trolley road.

Organization— Incorporated under the general railroad law This
company was successor by purchase on Deo. 81, 1902, of the Chicago
<fe Milwaukee Electric Railway Co.
In Nov., 1905, it was reported that
the Kenosha Elec Ry. had been acquired. V. 81, p. 1492
In O >t
1905, purchased the Waukegan Fox Lake <to Western RR wiiich
operated 1>* miles of track in Waukegan.
Interest.
Outstand'g.
Bonds— Date.
Maturity.
Stock
Stock. $5,000,000
$5,000,000
o. & m. k. Hit. 1st m., r
1899
5g. J.-J.
1,000,000 July 1,1919
Int
ooo ea°ch? c'- Lfl'p J Int. at Standard Trust Co., N. Y.. & Clev. Tr. Co.
X
68
le
and TrU8t Co and Ko
called anyint day]
lrust r ?- Chicago.
co Ifl
,

&

™
-

I

at

C.

105 and

&M

int.

E RR.

$5,000,000,

-

'

M.( 1902
5g. J.— J.
{$1,-1 Int at Merchants'

1st

g.

^

-

[

4,000,000 July 1,1922
& Trusr Co.. Chicago,

Loan
Trustee, or Nat. Bank

c(
of Commeroe, N. Y.
the $5,000,000 Railroad Company bonds authorized. $1,000,000 are reserved to retire a like amount of bonds of the Ruilwtg
Company. Bonds are not subject to call. See V. 76, p. 211: V. 78, p.
1496.
Sinking fund on the Railway bonds of $50,000 per year begins with
July 1, 1 910. No more than the $1,000,000 of these bonds outstanding
will be issued. These bonds are subject to call on any interest date at
000)....

Bonds— Of

105 and

interest.

Report— For years ending Dec.
Oross.

Net.

31
Other income. Fixed charges Surplus

1905. ...$594,873
$350,323
$
$....
$
1904.... 464,655
285,617
9,147
163,136
131,628
1903... 292,247
193,620
1,985
101,805
93,800
Road— Operates 120 miles from Evanston through Waukegan to
Kenosha, Including extension to Libertyville. Line from Evanston
(where connection is made with Chicago) to Waukegan, was opened in
Aug., 1899, and extension to Libertyville in Sept., 1903, and to Rockefeller in March, 1905; 38 miles additional to Zion City and Kenosha
were placed in operation about Sept. 1 1 905. Praoticall v all the road
is built on private right of way and the road is double track throughout. Rails, 65 and 85 lb. V. 67, p. 900.
Officers— Pres., A. C. Frost: Vice-Pres., H. S. Oakley: Sec and
Treas Geo. M. 8eward: G n. Mgr., A. L. Drum. Office, 103 La Salle
St., Chicago.— V. 78, p. 1496; V. 81, p. 1492.
,

,

CHICAGO UNION TRACTION.-Cable and

[Vol. lxxxii.

given against the Chicago Uuion. V. 80, p. 1728. Interest falling due
on the bonds of the West Chicago and the North Chicago companies
and on the Chicago Consolidated Traction b^nds has been paid as due.
On July 28, 1903, $4,000,000 receivers' certificates were authorized to
provide for floating debt of West and North Chicago companies and of
Unlou Traction Company. Receivers were also authorized to take up
the $400,000 bonds maturing Aug. 1, 1903, of the Chic. Pass. Ry., and
special reoeivers' certificates were issuedfor that purpose. Receivers'
certificates for $422,000 have also been issued for improvements on
track, etc. In Aug., 1904, West Chicago and North Chicago street
railroads jointly issued $800,0('0 of equipment obligations to pay for
new cars, of which $320,000 Has since matured aud been paid off. See
statements of those companies and also V. 79. p. 732.
In Jan., 1905, a syndicate organised in the interest of this company
acquired control of the Chicago City Ry. but the eleotion of Mayor
Dunne in April, 1905, on a platform of municipal ownership has kept
all plans in abeyance. In Sept., 1905. a joint tentative offer was made
on behalf of the Chioago City Ry. and Chicago Union Traction for
settlement of whole traction question. See V. 81, p. 1043. Companies, however, refused to accept certain amendments proposed by

the city

For letter from H. B. Hollins & Co. to stockholders of North and
West Chioago street rat lroad companies, see V. 79. p. 2794. Litigation on the part of these stockholders was settled in Jan., 1»05. See
Y. 80, p. 162.

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 Wes' Chicago and
North Chicago roads. These holdings consisted of $3,200,000 West
Chicago stock and $2,000,000 North Chicago stock. Subsequently the
two systems were leased, the West Chicago for a yearly rental equal to
6 per cent on the stock and the North Chicago for a rental equal to 12
per cent on the stock, the leases being dated June 1, 1899. By a tripartite agreement entered into on the same date the Union Traction
Company's holdings of stock of the two roads were to remain in trust
with the Illinois Trust & Savings Bank of Chioago "for all time" as

a guaranty fund to secure the leases. See V. 68, p. 1131
We*l Chicago and Worth Chicago Leases Modified. -Leases were modifled as of Sept 1, 1903, so as to require rental payment equal to 6 and
12 per cent, respectively, only in case earnings are sufficient for the
purpose. Up to 4 and 8 per cent dividends on the respective stocks
are to be a cumulative charge for five years, after which (from Oot. 15,
1908) they become an obligatory charge, and failure to pay will then
operate as a default under the lease and a forfeiture of the guaranty
fund. Dividends on the stocks held in the guaranty fund are to be
paid only after full payment of dividends (as provided under lease) on
outstanding shares, lnoluding unpaid accumulations. New lease also
provides that in any year after the payment of 6 and 12 per cent on
West Chicago and N. Chicago stocks, the remaining earnings of the two
companies (If there are any) to the extent of $100,000 per annum
<$30.<>00 on the West Chicago and $70,000 on the North Chicago Co)
are to be applied to the reduction of the $3,400,000 floating debt of
the companies. This latter is not to be a cumulative charge, but the
obligation recurs in each year. Leases of underlying companies of
West Chicago and North Chicago are to be considered as sublet only,
not as absolute transfers to the Chioaeo Union Trao tlon. as claimed
under the old arrangement. See V. 77, p. 249, 1746. The amended
leases were deolared valid by the Circuit Court on July 5, 19.5. V.81
p. 210.

'

1899 5 g. J-J
650,000 Jan. 1, 1929
Manhattan Trust Co., N. Y., & J. Kean, trup.
1899
2,000.000 Jan. 1, 1929
5 A-O

inCOmeS

°?^VSS?"............
ior o years

Interest.

*

1st mort., subject to call)
at 105, gold (see text) \

p.

.

eleotrio.

Heceirerxhip— In April, 1903, Rafael R. Govin, .las. H.Eckels and
Marshall E. Sainpaell were appointed receivers of the Chicago Union
Traction and also of the North Chicago Street RR. and the West
Chicago Street RR. On Feb. 17, 1904, John C. Fetzer and Henry A.
Biair were appointed to succeed Messsrs.Govin and Eckles as receivers
of the two latter roids and Mr. Fetzer was also made managing receiver of the Union Traction Co.. but he tendered his reslgna ion on
May ft, 1905. The receivership was the result of default in the payment or live notes. The notes were for $313,727 against the Traction
Co., $565,039 against the North Chicago Company and $270,476 against
the .Vest Chicago Co. On April 6, 1905, Judgment for $36,132 was also

Dividend payments under modified lea*e*.— On North Chicago stock,
1H p. c. On West Chicago, s4 Nov 16, '03; 34 Nov. 15, '04.
Franchises.— There has been much contention as to the company's
franchises, and in June, 1901, company brought suit in the U. S.
Circuit Court to restrain the city from interfering with the West
Chicago and North Chicago roads. See V. 73, p. 31. Company claims a
99-year franchise underthe Act of Feb. 6,1865. V. 72, p. 1137. InMay,
1902, Court sustained on technical grounds the demurrer of the oity to
the bill. V. 74, p. 1037. Permission granted to appeal to U. 8. supreme
Court. V. 74, p. 1307. See also V. 75, p 1201, for decision of Judge
Magruder of the Illinois Supreme Court in the transfer cases; also V.
76, p. 1247. On Julv 20, 1903, City Council passed ordinances temporarily extending the franchise right*, with the proviso that neither
party is to be considered as waiving any rights thereby. V. 77, p. 195.
On May 28, 1904, Judges Grosscup and Jenkins, In the U. S. Circuit
Court, decided In favor of the company in its contention as to the
legality of the 99-year Act of 1865. The Court held that th« franchises
granted prior to 13"5 are covered by that Act, but that franchises
granted subsequent to that year are bas--d on the conditions of the
ordinances granting them. See V. 78, p. 2333 Later, when the decree
was signed, the Court denied the claim of the company for the retention of oeitain lines. Both company and the city have appealed to the
U. S. Supreme Court. V. 80, p. 1058. Case was heard In Jan 1906,
but no derision yet. For further negotiations rfspecting the franchise
question, see V. 79, p 211, 902; V. 80, p. 1911; V. el, p 1043, 1241;
Oct., 1903,

,

V. 82. p. 99.

In the matter of the taxation of franchises, an important decision
bearing adverselv on all Chicago corporations was rendered bv the
Illinois Supreme Court in October, 1901. See V. 73, p. 902, 1114: V. 74.
p. 775, 1251.
City Ownership— In May, 1903, the so-called Mueller law was enacted
In Illinois permitting oity ownership of street railways under certain
conditions.
V. 76, p. 1191. Proposition however must first be submitted to electors and approved by three fifths of those voting thereon.
Fnthermorethe Act is not to be in force at all in any city until the question of lis adoption shall first have been submitted to the electors of
such city and approved by a majority of those voting. The Chioago
City Council on Oct. 19, 1903, passed an ordinance providing for a
vote on the proposition at the election to be held April 5, 1904. V. 77,
The vote at this election was in favor of making the Act
p. 1553.
applicable to the city. See V. 78, p. 1391, 1408. On April 4.1905,
Edward F. Dunne was eloot^d Mayor of Chicago on a platform promising immediate municipal ownership of strtec railways. V. 80, p.
1362. In April, 1905, city advertised for bids for the construction
of a system of municipal street railways (V. 80, p. 17^8), but this was
afterwards withdrawn. In July, 1905. Mayor Dunne proposed two
alternative plans to the City Council (VT 81, p. 210) and in September,
1905, company made propositions for the settlement of whole traction
question. See V. 81. p. 1043. In Nov., 1905, Mayor Dunne submitted
a new plan to the City Council whi'-h proposes to acquire the street
railways through the issuance of $75,000,000 Mueller law 5<* certificates to be secured by deed of trust. V. 81. p. 1492. A resolution
was passed by the Conncil on Jan 18, 1906, to submit the question of
issuing these certificates to a vote of the people at the April, 1906,
election. V. 82, p. 217.
STOCK and Bonds.—The $12,000,000 preferred stock was subscribed for at par, a bonus of 50 per cent, however, being given In
common stock. V. 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.
In December, 1899, both issues of stock were listed on the New York
Stock Exchange. V. 69, p. 1299.
Date. Rate. Outstanding.
D it id's.
Stock, com., $20,000,000,
.

par$100

$20,000,000

Stock, pref. 5p.c, $12,000,12,000,000
000, par$100,cumulative
Oct, 1900,1J4%
Dividends— Dividends of I 1* p.c. were paid on preferred shares Oct.,
1899, and Jan., April, July and Oct., 1900. In Dec, 1900, it was decided to suspend dividends. None since.

,

STREET RAILWAYS.

Feb., L906.

Road— Total

mileage of lines operated

:

Electrir.

Hone.

175329

uable.

6-832
-940

28913
18120

West Chioago St
North Chicago 3t
Chicago Con. Traction

75-020

Total.

211-074
91-080
181-170

181170

7-772
486-324
431519
Grand total (single track)... 47033
RECEIVERS' Report— For the vear ending June 30. 1904, receivers'
reported gi oss receipts of $8,590,467 and net income of $2,618,270see V. 79, p. 6-4. For the nine month.8 ending May 31, 1904, the
receivers furnished a detailed income statement, whl.h may he found
In the "Stki-ht Rah way" Section for October 14. 1905.
In V. 79, p. 2" 93, Azures of earnings of the West Chicago and North
Chloago Street railroads for year ending Aug. 31, 1904, -were given;
also receiver's balance sheet for Sept. 30. 1904 Figures for the quarts r endiDg Deo. 31, 1904, were published In V. 80, p. 871.
OFFICERS — Pres. and Gen'l Man,, John M. Roach, Chicago; 1st VicePres., R. A. C. Smith, New York 2d Vioe-Pres., Walter H. Wilson, Chloago; Secretary and Asst. Treasurer, Markham B. Orde; Treasurer,
James H. Eckels.- V. 81, p. 210, 558, 1043, 1241, 1492, 1722; V. 82,
;

April

1900,

14.

agreement

for

the

absorption

of

the

company by the Chicago Union Traotiou was authorized. The
latter
company paid $45 in Chicago Consolidated Traction
bonds, guaranteed by the Chicago Union Traction, and $1 50 In
cash for each $100 of 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. & Co. of N. Y.
sought to have the arrangement declared invalid, but Judge Gibbons, at
Chicago on Apr. 17, 1901, refused to grant an injunction. Suit finally
settled out of court. V. 75, p. 1 030; V. 72, p. 775.
Organization— The Chicago Consolidated Traction was organized
in Feb., 1899, to unite the suburban lines of North Chicago and West
Chicago. It acquired the stock of the following roads (V. 68, p. 769).
^-Trac. Stk.Iss. Therefor.—.
Stock
Kate.
Amount.
Outstand'g.

Name.

1,500,000
2,000,000

Leased to
1,500,000
1,000,000
2,500,000

Evanston Electric

&
8treet Railway
& Jefferson Urban
Proviso

Ogden
Chic.

%

$

Chicago Electric Transit
North Chicago. Electric
Chicago North Shore St. Ry
North Side Electric
Cicero

..2,000,000
Transit 2,000,000

$

250
175
North Chicago
200
50
62
55
55

3,750,000
3,500,000
Electric.

3,000,000
500,000
1,550,000
1,100,000
1,100,000

14,500,000
12,500,000
In addition. $500,000 of Chicago Consolidated Traction stock was
sold for cash, making with the foregoing the full total of $15,000,000

&

Interest.

Outstand'g

Maturity.

Obligations of Subsidiary Companies.
CHICAGO ELECTRIC TRANSIT.

Bonds —

Date. Infst. Outstandng. Maturity.
IstM., guar., no option ($1,000) 1894 6 F-A $1,097,000 Aug. 1, 1914
Interest is payable at office of trustee, the Illinois Tr. & Savings Bank.
This 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 Street RR. and
$255,000 by the North Chicago Street RR.
CHICAGO & JEFFERSON URBAN TRANSIT.
Dale. Interest. Outstanding.
Maturity,
IstM., guar. p.andi.,West> 1895
6M-N
$208,000 Nov. 1, 1915
Chic. St. Ry., see text... \ Interest at Chicago office.
The first mortgage is for $2,000,000, but additional bonds may be
issued for extensions, etc Trustee, Illinois Trust &. Savings Bank.

CICERO

<fe

proviso stbeet bailwat.
Interest.

..,. ^
w(5g,M&N

Consol. M., $2,500,000,)e.

$1 000

gii

Iut 8t at
'

.

,

nL

OGDEN STBEET BAILWAY.
Date.

Outstanding.
Maturity.
$750,000'
May 1, 1916
gu.p&i,W. C hie, end. $ 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 out)
can be issued only for 75 per cent of the cost of new construction.
EVANSTON ELECTRIC.
Date.
Interest.
Outstanding.
Maturity.
Mort. for $1,000,000 )
6 F. & A.
$130,000
Aug. 1, 1916
currency
Guar, by North Chicago Street Railway.
$
NORTH SIDE ELECTRIC STREET RAILWAY.
Date.
Interest. Outstanding.
Maturity.

M ($1,500,000)....

Interest.

1896

>

6

M-N

M. cur., gu. p. & i. ) 1895
6 M-N
*155,000 Nov. 1, 1915
(end.)byNo.Ch.St.RR. S Trustee.DUnois Trust* SavingsBk., Chicago.
Interest is payable at Chicago office or the fiscal agency.
The
mortgage provides for the issue up to $1,500,000 at not exceeding the
cost of construction further bonds can be issued at 75 per cent of
oost of extensions and improvements. (See guarantee V. 62, p. 414.)
NORTH CHICAGO ELECTRIC RAILWAY.
1st

;

Date. Interest. Outstand'g. Maturity.
1st M., $1,000,000 ($1,000) , QQ . ,, „
.
.
.
a,™,, .
in ,^
not subject to call), gu. p. t *894 }>? " A „, $868,000 Aug. 1, 1914
^ Int. at Illinois Trust (trustee), Chicago.
Ai.end....
The bonds are guaranteed, $688,000 by North Chloago, $180,000 by
West Chicago Street RR.
"

(

CHICAGO

<fc

NORTH SHORE STBEET BAILWAY.
Date.

Capital stock, Gp.c. guar
1st M., $1,500,000, g.,
guar. p. & i. (end:
>

Interest.

Outstand'g.

6Q.-J. $650,000

6g. A-O
Subj. to call at

1894

19014^.

800,000 gold ($1,0000
id

Series A.
a")
N. O. City Ry. Co. stock
1st mort., our'oy ($1,000*
2d M. ($2,500,000) cur. )
Trustee, III. Tr.& S.Bk. 5
obli., g.

($1,000)

J

A- O
1,614,000
1, 1931
Northern Trust Co. of Chicago, trustee.
See text. 30% per year.
30 Q-J
500,000
July 1,1927
1880 4 J-J
2,500,000
Nov.1,1927
1887 AH M-N
See text.
1904 6 g. M-N
168,000
"
Iuterest a t 8tandard Tr Co., New York.
.

Floating debt Feb. 1, "06
2,316,000
Stock of N. Chi. City Ry. Co. not owned by N. Chi. St. RR. Co., $249,400 (par, $100), receives an annual rental of $30 per share. North
Chicago City stock for $250,600 is owned by North Chicago Street RR.
Bonds.— Under the North Chicago Street RR. 1st mortgage the
following bonds have been issued: Dated July, 1886, due 1906, $1,500,000; July, 1889, due 1909, $1,250,000; Jan., 1896, due 1916,
$421,000. The North Chicago City Ry. 1st mortgage for $500,000
was originally a 6 per cent issue, but when bonds fell due July 1,
1 900, they were extended for 27 years at 4 per cent.
See V. 7,0, p. 1 195.
Under the consol. and ref. mtg. the company oovenants not to issue

any more bonds under this mortgage.
Of the $4,800,000 consol. and ref. bonds of 1901, $1,614,000 "Series
A" were issued to retire the old 6 p. o. debenture certfs., $3,171,000
are reserved to take up the first mortgage 5s due in 1906, 1909 and
1916, and $15,000 to pay off a mtg. on Dearborn Street property.
Has guaranteed $688,000 North Chicago Electric Ry. and $255,000
Chicago Electrio Transit bonds; also North Side Electrio St. Ry.,
$155,000 bonds, and Evanston Electrio Ry., $130,000 bonds.
The equipment obligations in table above mature, $56,000 annually,
on Nov. 1, from 1905 to 1908, Inclusive, and were issued to provide
See V. 79. p. 732. On Nov. 1, 1904,
c. of the cost of 70 cars
$56,000 were retired, and $ 6,000 more were retired Nov. 1, 1905.
Stocfc— Outstanding* stock is $7,920,000, of which $5,920,000 is held
by the publlo and $2,000,000 in trust as above. V. 66, p. 761, 811;
for 80 p

V. 70, p. 46, 1195.

DIVIDENDS. *1893. '94. '95. '96. '97. 1898. 1899. 1900-01 1902-03.
\1 12 Below. 12
12
12
12
per cent.
12
S
In 1896, 12 > . .a cash, and 20 p. o. extra (10 p. o. in stock and 10
In 1903 quarterly payp. o. in 6 p.o. certificates of indebtedness).
ments were at 12 per cent rate until Oct 15, when an interim div. of
1*9 p.

o.

was

Road—

paid.

None

since.
Miles.

Cable

1812

Horse

-94

Miles.

\

|

Electric trolley

675,000
105 anv Apr.

Maturity.
See text.
Apr. 1, 1912
1 after

1905

75-02

1

Total track operated

Outstanding.
Maturity
,.
a,. nr Q nrir
,
lni May 1,1915
$1,908,000
Tru8t & 8av '# 8 Bank, trustee.

Chio.St! R' way.' end.
S
$500,000 of the bonds are reserved for Improvements at not exceeding 75 per cent of cost.
.'

1st

Organization— Incorporated under the laws of Illinois in 1886. It
controls the surface street railroad system in the North division of the
city of Chicago, through the purchase in 1886 of 2,501 shares out of
a total of 5,000 shares capital stock of the North Chicago City Railway Co., said road being leased for 999 years from 1886. Franchise
claimed to be 99 years from Feb., 1865, and contention upheld by
See V. 78, p. 2333. V. 80, p. 1058,
U. S. Circuit Court in May, 1904.
1911. Annual payment to city for electrical franchise, $25,000, oar
license, $50 per car per annum, 13 trips per day to a car.
In June, 1899, the North Chioago was leased to the Chicago Union
Traction for a yearly rental equal to 12 per cent on the stock. V. 68,
p. 1131. In Aug., 1903, lease modified so as to require 12 pe cent
rental only if earned. For first five years stock is to have a claim for
8 per cent cumulative dividends, and after that a minimum of 8 p. o.
is guaranteed.
For terms in detail see Chicago Union Traction. For
decision approving legality of amended leases, see V. 81 , p. 212.
Outst'ding. Last div. <6c.
Date.
Interest.
STOCK and Bonds—
Stock ($10,000,000) ($100) ....
Q.—J $7,920,000 Oct.,'03,H«%
1906-9-16
3,171,000
1st mortgage ($500), &o. \ 1886
5 J- J
See text. Currency. ... 5 Fidelity Trust Co., Philadelphia, Trustee.
Consol. ref. mtg for $4,- )
ltg
Apr.

x

Bonds—

Date.

Btock, $15,000,000
$15,000,000
1st mortgage gold, $6,-$
1899 4>« J-D
6.750,000 Peel, 1939
750,000
?Int. at Equitable Tr. Co., Chicago, Trustee.
The bonds for $6,750,000 are guaranteed, principal and interest,
by the Chicago Union Traction. The Chicago Consolidated Traction
when it was organized assumed the bonds of the constituent companies
(which it agreed to guarantee) and also the lease of the Chicago North
Shore Street Railway tinder which 6 per cent dividends are paid on
the $650,000 stock of the latter. The statement to the New York
Stock Exchange under date of March 27, 1899, showed that the mortgage indebtedness of the constituent companies assumed aggregated
$6,085,0(0, including the $650,000 stock of the Chicago North 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.

1895

NORTH CHICAGO STREET RAILROAD.

above.

Equip,

stock outstanding.

STOCK

V. 78, p. 768, 2383; V, 79, p. 2084, 2587, 2894.

RECEIVERSHIP— For particulars see Chicago Union Traction Co.

CHICAGO CONSOLIDATED TRACTION.— Electric roads.

On

Equipment.— Motor cars, 269; trailer cars, 62; motor equipment 208.
OFFICERS.— Pres., John M. Roach; Vice Pres., Edwin S. Harwell;
Sec. and Treas., C. F. Marlow. Transfer and General Offices— 54: Wall
St., New York, and 444 North Clark St., Chicago.— V. 76, p. 1191, 1299;
(2)

p. 99, 217.

(1)

The bonds, guaranteed by endorsement by the North Chicago Electric
Railway, and the stock guaranteed 6 per cent per annum by the same
oompany, are listed on the Chicago Stock Exchange.
Interest is paid in New York by Chase Nat. Bank and in Chicago at
Illinois Trust & Savings Bank, Trustee.
ROAD.—The property embraced in the constituent companies consists of 181 17 miles of single track electrlo street railway, located in
the City of Chicago, the township of Cicero, and the City of Evanston,
The lines extend over the entire north, northwest,
all in Cook County.
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 RR. systems, over which passengers are carried originating on the lines of the Consolidated Traction and vice versa.
Rails are Johnston-girder, 75 to 85 lbs.; gauge 4 ft. 8^ in.

94-08

OFFICERS.— President, John A. Rose, Chicago Vice-President, H.
F Keegan, Chioago; Seoretary, F. E. Smith; Treas., M. B. Orde.- v'. 79,
p. 734, 2643,2797; V. 80, p. i.63; V. 81, p. 212.
(3) WEST CHICAGO STREET RR.
;

ORGANIZATION— Incorporated July 19, 1887 under laws of Illinois.
LEASES.— Control of the Chi. W. Div, Ry. (96 miles track) was acquired through purchase of a majority of its shares (6,251) of capital
and the road leased for 999 years from Oct. 20, 1887, at an
annual rental of $35 per share, the principal.and interest of its bonds
being assumed— see V. 65, p. 281. Of the Chicago Passenger Ry. Oo.
(34 miles track) stock, the Chi. W. Div. Ry Co. owns a majority ($730, 100)
and the road was leased March 15, 1889; lease extended in 1897 for 50
years to the West Chicago Street RR. The West Chicago St. RR. Co.
agreed to pay 5 per cent a year on capital stock of the Passenger Ry.
Co. and to guarantee its fixed charges. The West Chicago formerly
leased Cicero <fe Proviso St. Ry. and Ogden St. Ry.,but these roads have
now passed to the Chicago Consolidated Traction.
In June, 1899, the West Chicago was leased to the Chioago Union
Traction for a yearly rental equal to 6 per cent on the stock. V. 68,
In Aug., 1903, lease modified and 6 per cent required only
p. 1131.
if earned.
Minimum dividends of 4 p. o. will be cumulative for five
years, and thereafter obligatory. Further details wdl be found under
Chioago Union Traction. For decision approving legality of amended
lenses, see V. 81, p. 213.
Rercimrship—In April, 1903, property was placed In the hands of
receivers— sea remartis above under Chicago Union Traction. Court
ordered receivers to take up the Chic. Pass. Ry. $400,000 bonds, due
Aug. 1, 1903.
Chicago Passenger Railway Franchise expired in April, 1904. See
V. 78, p. 154P;' V. 80, p. 1728, 1911.
Date.
Interest. Outstand'g. Last div., (Be.
STOCK
BONDS—
Stock, $20,000,000 ($100). text.
Q.-F. $13,189,000 Nov. '04. %%
1st mortgage, $4,100, J 1888 5
M.-N.
3,864,000 May 1, 1928
riliniosTr. & Sav'gs Bank, Chioago, Trustee.
000, $1,000, s. f
ol
J "D
497,000 Deo. 1, 1914
«*
Debentures *1 OOO
Deoentuies, $1,000.. ..o J 1894 6
f SubJeot t0 call at par after ^ s ,„,
Consol. M., $12,500,000g. 1896 5g. M.-N.
6,136,000 Nov. 1, 1936
($1,000 each)
o* ) Cent. Tr. Co.,N. Y. & G. Sherman, Trustee
stock,

&

-

<,

-

STREET RAILWAYS.

22
—

Otitstand'g. Last div.,<tc.
$1,500,000 Feb. 1, 1909
end. o. I Illinois Tr. & Sav'gs Bank, Chicago, Trustee.
guar. p. & i
1928-9
Power house mortgages.1888-9 5 p. e.
184,000
See text. 35% per year.
Chi. W. D. Ry. Co. st'k 100. .... $35Q.-J.2o
Istmort. 4*2S, ($1,100).. 1892 413 J.-J.
4,016,000 July 1, 1932
5
1,340,300 5% per year.
Chic. Pass. Ry. Co. stock.. ....
Consols. $2,000,000 cur- S1896 5 J.-D.
1,600,000 Deo. 1, 1936
Equitable Trust Co., Chicago, Trustee.
rency

Subsidiary lines

Dale.

Interest.

W.Ch.St.RR.Tun.Co.lstJ 1889 5

Equip,

obli., g.

($1,000)

Floating debt Feb.

1.

F. -A.

1906
company's

&

<,

,

CHICAGO & OAK PARK ELEVATED RY -

Organization.— This company was incorporated in New Jersey on
April 22, 1904, to* hold the securities of the Chioago & Oak Park
Elevated Railroad Co., formerly the old Lake Street Elevated RR.
reorganized per plan in V. 77, p*. 1874; V. 78, p. 1392. Besides $9,144,642 stock and $858,900 income bonds, also holds $1,438,600 notes of
the Chlo. & Oak Park Elev. Railroad Co. issued by that company for
loans made to it by the Railway Co. The old Lake St. $10,000,000 of
common stock paid an assessment of $2 per share, and received $4 in
new preferred and *40 in new common stock for each share of old
stock. Lncome bondholders received 80 p. c. in new preferred stock.
Date. Interest.
Outsland'g. Maturity, Etc.
Bonds—
STOCK
Common, $6,000.000,$100
$5,645,800
3 20 000 5 70 11 C
3,039,000
'.
. :.
! .
; 1
5 00
L
1893
5 J "J
5,000,000 July 1, 1928
\
O00? gu^by^W
Anier. Tr. & Sav. Bank, Chic, and Equit Tr., Chic, trustees.

&

-

S

iC

'."

&

190i
2
350.000 Jan. 1, 1909
Oa1?Park El
:.. |
Notes payable Dec 31, 1905
448,600
Bonds. First rnort. bonds assenting to reorganization were stamped
subject to call at 105 and interest on any interest date. The debenture note was issued by the Chic. & Oak Hark El RR. for the claim of
the Northwestern Elevated RR., amounting to $770,085, and is guaranteed by the Chic & Oak Park El. Ry.
Road— The old income bonds, with the exception of about $140,000,
are held in the treasury of the Railway company.
Owns a
double-track elevated railway from Fifth Avenue and Lake St.
to 52d St. and Lake St., with spur down Market St. to Madison St.
Connects with Suburban RR. tor traffic outside the city. V. 65, p. 236.
Trains began running around the loop in Oct., 1897. Chic. & Harlem
forms an extension comprising 4 miles more of double track. Total
Bingle track, 22 miles.
Report— For year ending June 30, 1905:
Passenger earnings.
$821,196
Other earnings
18,302
Total earnings

$939,498
505,930

Operating expenses

Net earnings
Otter income

,

T>tal income
Fixed charges

Balance

OFFICERS— President, Redmond D. Stephens;

$333,568
3,446
$337,014
395,139
def.

Boston; Sec'v andTreas'r, William V. Griffin, 1117 Merchants'
Tr. Bldg., Chicago.- V. 80, p. 472, 1171; V. 82, p. 27 1.

LOOP ROAD.—See Union Elevated.

$58,125

Vice-Pres., Chas. A.

Loan

&

,

I

[

.

Gross earnings
Operating expenses

$2,160,942
1,064,661

$2,147,154
1,042,338

$2,040,005
952,707

Net earnings
Intereston balances

$1,096,281
5,554

$1,104,816
6,030

$1,087,298
9,524

$1,101,835

$1,110,846

$1,096,822

$243,096
126,644
490,670

$239 509

$23o,305
140,870
454,619

—

18, 1896,
a twenty-year franOrganization—
chiseforasystemoflinea from the Dearborn Station, south on Plymouth
and Custom House Places, and Dearborn Street to 22d St., connecting
at 18th St. with the Chicago Union 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 first-named, cover 56 miles of track. Is in operation from Dearborn Station south to Twenty-second St., embraoing
2»a miles of single track. The company agrees to pay the city 5 p. c.
of gross for second five years of franchise, 7^ p. c. for third five years
and 10 per cent for last five years.
Interest.
Outstanding.
Maturity.
BONDS— Date.
STOCKS
Stock, $5,000,000
$5,000 000
1896
A-O
5 g.
abt. 500,000
Oct., 1916
let M., gold.
< Interest at Morton Trust Co., New Y»rk.
Mortgage authorizes a first issue of $3,000,000, then $2,000,000 for
extensions, and additional amounts at 85 per cent of cost of still
farther extensions and improvements.
Trustees, Chicago Title &
Trust Co. of Chicago and State Trust Co. (now Morton Trust) of New
York.
OFFICERS— President. Ferdinand Goss; Sec. and Treas Jos. D.Goodman, Chicago. Office, 356 Dearborn Street, Chicago.— V. 66, p. 1188.

D te

,

Total
Deduct

GENERAL ELECTRIC RAILWAYOn January
obtained

D

Aug. 1, 1938
9.806,000
N. Y. and G. Sherman, trus.
Int at Central p rU8 t, n. Y. and Chioago.
^
.July 1,1938
1st M. Ext. $5,000,000 1 1901 4 g. J-J
3,000,000
($1,000) gold, red. at Northern Trust Co., Chicago, trustee. Int.
105 on any interest day
at company's office in Chicago, or Central
on 4 weeks notice.. o* j TrustCo., ff. Y.
The title to the common stock was vested for five years in a voting
trust, but this expired Feb. 1, 1904. V. 78, p. 343
The new extension mtge. of 1901 covers the extensions as a first iien,
also 46 cars, a 3,500 H. P. engine and the new down-town teruiinaH
the bonds also cover the rest of the uroperty as a second lien, subject to the 810,000,000 1st mtge. V. 72, p. 1080; V. 75, p. 29.
Amount issued on present extensions, $3,000,000; reserved for future
extensions, $2,000,000.
lu April. 1904, company borrowed $1,100,000 for 18 months at 5
per cent, secured by deposit of some of the remaining extension bonds,
On Oct. 1, 1905, took up
the proceeds to be used for Dew equipment.
$300,000 of the loan and renewed the remaining $800,000, which is
secured by deposit of $1,500,000 extension mtge. bonds.
Has guaranteed $407,000 bonds of Union Consolidated Elevated.
In March, 1900. the New York Stock Exchange listed the 1st mtge
bonds and the common and preferred stock. V. 70, p. 737.
Latest Earnings— For calendar year 1905 gross. $2,401,088; net,
$1,250,427; fixed oharges, $936,94'>; surplus, $313,177.
REPORT— For fiscal years ending February 28:
1904.
1903.
1905.
Passengers carried
41,372,338
39,548,354
...41,694,788
Passenger earnings
$1,976,326
$2,065,701
$2,080 937
Miscellaneous earnings
81,453
63,679
80,005
(

anteed 35 per cent yearly under the lease. Chicago Passenger Railway
stock $2,000,000, having been increased from $1,000,000 in 1896,
but only $1,340,300 stock has been issued. The West Chicago St. RR.
Co. guarantees under operating contract 5 p. o. on stock, of which
$730,000 is owned by West Chicago.
General Finances.—Application dated June 29, 1897, for listing
the stock and bonds on the N. Y. 8tock Exchange was given in full in
V. 65, p. 281, with detailed information as to the leases of the company.
DIVIDENDS— ) 1889. 1890. 1891. 1892. 1893. 1894. '95toAug..l5,'03
6
9
9
6 per ann.
per cent., s 5
5
74
Under modified lease interim dividend of % p. o. paid Nov. 16, '03,
and % p. c. was again paid on Nov. 15, 1804. None since.
Road.— Owns and leases 211-07 miles track, operated as follows:
Cable, 28-91 miles; electricity 175-33 miles; horses, 6-83 miles.
OFFICERS.— President, John A. Rose, Chicago; Vice-President, H. F.
Keegan, Chicago; Secretary, F. E. Smith; Treasurer, M. B. Orde.—V.
79. p. 735, 2644. 2797; V. 80, p. 165; V. 81, p. 213.

^

&

'

,

^OO

Feb. 3, 1899 (per plan in V. 67, p. 126) to the Railroad Co. sold under
foreclosure on Jan. 4. 1899. Company in July, 1905, refused to
accept oity ordinance permitting it to carry express matter and milk.
V. 81. p. 508.
Maturity, etc.
Interest. Outstand'g.
Date.
STOCK
Bonds—
Com. stock, $7,500,000
$7,464,400
P f
5
nOI1 " CUm
8,708,100 Feb. 28,'03,li3%
$9 ;000,0 00
'i

4 »•
lstM «ioonnonn\«i ") 1898 Trust F A
* „'* > Cent.
Co.
nnk *,,?h °*
uuu), goia
c

1,090,000
office.

Bonds.— Of the $12,500,000 consols under the mortgage of Novem•sr, 1896, $3,864,000 oan be issued only on retirement of an equal
Amount of the outstanding first mortgage 5s, and $2,500,000 for improvements and 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 By., 96 miles
(leased), and Chicago Pass. Ry., 34 miles (leased). See 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,
oalled for payment June 1, 1901, but call afterward rescinded.
The equipment obligations given in table above mature, $104,000
annually on Nov. 1 from 1905 to 1908, inclusive, and were iesued in
payment of 80 per cent of the cost of 130 new cars; $104,000 was re
tired Nov. 1, 1904, and $104,000 on Nov. 1 1905.
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-

'.

METROPOLITAN" WEST SIDE ELEVATED
RAIL WAY—An electricinroad. Jan. 16, 1899. Suocessor on
Illinois
Organization — Organized

*

.

Interest is payable at

—

[Vol. lxxxii.

Rentals

Taxes
Interest

Miscellaneous
Dividends

Balance
Dividends.— First

sur.$241,425

139,533
474,353
41,350
sur.$216,101

30,767
(3%)261,243
def.$20,982

on pref. stock, 2^ per cent, Feb. 28,1900 (out
of earnings for fiscal year ending Feb. 28, 1900), and 2 p. c. Aug. 31,
1900, out of earnings for fiscal year ending Feb. 28, 1901, and l*a
p. c Feb., 1901; Aug. 31, 1901, 2 p. c; Feb. 28, 1902, 1 p. c; Aug. 30,
1902,

l^

and none

p.

div.

c; Feb. 28, 1903,

Ha

p.

c; Aug., 1903, dividend passed,

since.

Road—From Terminal Station at 5th Ave. westerly about 6*3 miles
with branches; total length of road (including Douglas Park branch,
opened June, 1902, and Garfield Park Branch completed Sept. 1,
1902,) 17-38 miles; the first 1-67 miles are four tracks, the rest two
tracks, making single track miles 38-15: also leases the Union Elevated,
3a miles, the Union Consolidated Elevated Railroad, 4 miles, and
leases 3-3 m. from Aur. Elg. <fe Chic. RR., making total operated 49-13
miles of track. Has joint lease with other elevated roads of the Union
Elevated 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, 1905, had 156
motorcars, 262 passenger cars and 10 other oars. Gauge, 4 ft. S^z in.
On March 11, 1905, the cars of the Aurora Elgin & Chioago 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. termin«l on the Garneld Park line
as far as the Des Platnes River, about 3 3 miles double traok, equal to
6-6 miles single track, and making total traok of Metropolitan West
-

Side 49- 13mlles. V. 79, p. 1704.
Officers— President, Howard G Hetzler; Secretary and Treasurer.
P. D. Sexton. Office, 169 Jackson Boulevard, Chicago.- V. 79. p. 1704,
V. 80. p. 872. 1059. 1363. 1421. 1424. 24-8; V. 81. p. 212. 508.

NORTHWESTERN ELEVATED ReRoad was formally opened
business on
organization—

for

May 31,

1900. V. 70, p. 1049.
In Sept, 1901, the Union Elevated

RR. was acquired. The new
mortgage for $25,000,000 was authorized for this purpose and for refunding the 5 p. c. bond?. Authorized capital stock was increased to
$25,000,000, to provide.for the convertible feature of the new bonds.
Date. Interest. Outstanding.
Maturity.
STOCK and Bonds—
8tock, $5,000,000
$5,000,000
Pf.stock,5p.c.,$20,000,000.
non-cum.
5,000,000
First refunding mortgage ) 1901 Ig M-S 11,000,000
Sept. 1, 1911,
conv. (gold) > Interest at Illinois Trust & Savings Bank,
$25,000,000,
Chicago, trustee. orBlair & Co., N. Y.
($1,000, $5,000,$10,000) )
Bonds.— Of the new $25,000,000 M., present issue is $15,000,000, of
which $1,000,000 remain In the treasury available for improvem'ts.&c,
Thenew bonds are convertible at the option of the holder into preferred
stock, and can be redeemed at any time at tlie option of the company
at 102^ and accrued interest on or after Sept. 1, 1906. If called
for redemption, the holder will have the right even then to take preferred stock in lieu of cash. V. 72, p. 1081.
Voting Trust.—Both the common and preferred stocks have been deposited 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. If at that time the full 5
per cent dividend on the preferred stock has not been paid for tliree
consecutive years, the voting trust continues until dividends shall have
been paid for tliree consecutive years on such stock.
REPORT— For years ending June 30 (including Union Elevated) see
V. 81, p. 976.
Cross.
Wet.
Surplus.
Oharges.
Yemr.
$1,786,414
$217,159
1905
$1,169,786
$952,627
1,724,930
203,254
1.158,853
955,599
1904
ROAD—The road starts at the intersection of Wilson and Evanston
avenues, seven miles from the Court House, and has 5-52 miles of fourtrack, making 28 miles single-track. Right of way is all owned in fee
except at street crossings. An extension of 34 miles of double traoh
to Rtkvenswood is under construction.
Officers— President, Clarence Buckingham; Vice-President, Walter
B. Smith; Sec. and Treas., W. V. Griffin. Directors.— Clarence Bucking
ham, ,1. L. Cochran. W. V. Griffin, Chauncey Keep. Charles F. Ayer,
Walter B. Smith, W. W. Miller, John B. Dennis, of Blair & Co. and C.
Ledyaid Blair.— V..78,p. 584, 699; V. 79, p. 1332, 195o; V. 81, p. 976.

,

;
;

STREET RAILWAYS.

Feb., L906.J
(1)

UNION ELEVATED RAILROAD.—

the Chioago elevated roads, and receives one-half cent
Is used by
foreaoh passenger carried, besides all expenses for operating, repairs
all

and

taxes.

Maturity.
Dale. Interest. Outstand'g.
1st M.,$5,000,000,g. $1,000 1895 5g. A-0 $4,482,000 Oct. 1, 1945
Sav. Bank, Chic.
Interest at Chase Nat Bank, N. Y., and 111. Trust
Road—The loop is 1-98 miles In length, double tracked (80-lb. rails),
and runs on Lake St. to Wabash Ave., to Van Buren St., to Filth Ave.,
Trains of the Chicago
Oak
to Lake St. Road opened Oct. 10. 1897.
Park, Metropolitan West Side, Northwestern Elevated RR. and South
3ide operate over the loop.

BONDS—

&

&

COSOUTH CHICAGO CITY RAILWAY two lineB
Operates
1883.

ORGANIZATION— Incorporated May

31,

from Jackson Park to 106th Street and the Indiana State Line alone
the Lake Shore and both sides of the Calumec River. Hammond
Whiting & East Chicago is controlled in same interest.

&

Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
$1,844,800
Stook ($2,000,000 auth.)
1890 5 J-J
50f000 July 1, 1910
Mortgage, currency
1,754,000 Apr. 1,1913
1893 5 g.A-O
1st mort. $5,000,000, scold)
Illinois Tr. &Sav. Bk., Trustee. Chic.
$l,000c*
S Int. at
ROAD— Owns 34 miles of track in Chicago antt controls tue Grand
Crossing & Windsor Park RR. Co., 3 miles; total 37 miles. Rails
75 and 85 lbs. Operated In connection with the Hammond Whiting
A E. C. Electric, gives a line to Whiting and East Chicago, and makes
a direct route or 14 uiiles from 63d St. and Madison Ave., Chicago,
to Hammond, Ind.
Officers— Pres., D. P.Cameron; Vice-Pres., D. M. CuTnnnings: Sec.
and Treas., O. S. Gaither; Gen. Mgr., Geo. R. Folds V. 67, p. 1002; V.
69, p. 1063.

—

SOUTHERN STREET
Organization— Incorporated

RY. CO--A trolley road.

in Illinois as a reorganization of the

Chicago General Ry.

Stock

&

Bonds—

Interest.

Outstand'g.

Maturity.

$800,000
800,000 J'ly 1,1919

1904
5g. J-J
$100,$500&$l,000),g.c* v Int. at Amer. Tr.& Sav. Bk., Chic. .Trustee.
Bonds— Are subject to call on or after July 1, 1909. at 105 and int.
Road— Owns 21 miles of track; extends from Wabash Ave. to 40th
Ave. on 22d St., also on 25th St.. Lawndale Ave., Kedzie Ave., Homan.
Ave. and Throop St Operates 20 cars.

OFFICERS.— President. Wm.

ROAD—Owns 31 miles of track, extending from terminus of Lake
Street Elevated at 52d Street and Metropolitan Elevated at 48th
Street, through city of Chicago, Cicero, Grossdale, La Grange, etc
Leases from the Chicago Terminal Transfer RR. (for 50 years) the
Chicago & Southwestern road to Harlem race track, Austin, Ridgeland, OaK Park, etc, 12-5 miles of track. Also operates % of a mile
La Grange RR. Total track opof traok of the Chicago Riverside
erated, 44 miles, all trolley except C. & S. W. tracks along West 16th

&

and 19th

sts.

OFFICERS— President, F. H. Roeschlaub Vice-Pres., W. G. Adams;
Sec and Treas., E. C. Veasey; Supt., J. Whitsell.— V. 75, p. 241.
;

UNION CONSOLIDATED ELEVATED RY.-

ORQANIZATION— Formed in 1896 and built from Union Elevated at
5th Ave. west to Market St.; thence to the Metropolitan W. S. El.; total
i
5 mile of track; is operated by the Metropolitan West Side El.
Date.
Int.
Outstand'g.
Maturity.
Stock & BONDS—
$1,000,000

Stock

5 g M-N
Nov. 1, 1936
407,000
Series "A" 1st mort., gold, ) 1896
gu. p. &i.byMet.W.S.El. ) G. Sherman, V.-P't, Cen.Tr.Co.,N.Y True.
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 & Treas., W. V. Griffin.
,

CINCINNATI, OHIO.

CINCINNATI & COLUMBUS TRACTION CO.
—A trolley road.
Organization— Incorporated on January 21, 1903.
Date. Interest. Outstand'g.
Stock & 3o»jds
$794,500
Common, $1,250,000, $100

Last Div.

5% cum. $1,250,000, $100

880,000
„ 600,000 Jnly 1, 1909
Unt.atUn.8av. Bk <feTr. o, Cin.,Trus.
Road— Operate 53'3milesof track between Cincinnati and Hillsboro,
put in complete operation in Feb., 1906. Standard gauge, 70-lb. T
Pf.

Notes $b00,000
JNotes, <B600 000

1905

\

K *-J'-J-

rail

Date.

Stock. $300, y00, $100
Newmtge. *»00,000 ($50,)

—V.

23

C.

Wood; Secretary, Hugh

L.

Burnham.

80, p. 1059.

SOUTH SIDE ELEVATED RR.-C ALLEY

VATED")—An electric elevated road.

ELE-

ORGANIZATION— Successor January, 1897, to Chicago <fe South Side
R. T. RR. (foreclosed per plan V. 63, p. 1158). July 31, 1900, the Appellate Court sustained the validity of the foreclosure (V. 71, p. 236),
and on Feb. 21, 1902, that decision was concurred in by the State
Supreme Court. V. 74, p. 477. Leases the Chioago Junction R.R.,
which

se° below.
Stockholders voted on April 7, 1904, to increase the capital stock to
$17,550,5o0, to provide for extensions, but subsequently ( V. 79, p.
681) rescinded the action and made the new mortgage given in table
below. V. 79. p. 734. The bond*(were sold, $3,000,000 for delivery
in August 1904; $2,500,000 May 1,1905, and at least $1,500,000 of
the remainder May 1, 1906. V. 80, p. 6t8.
Maturity.
Date. Interest. Outstanding.
STOCK
BONDS—
Stock, $10,323,800
Q-M $10,231,400 Dec. 30,'05.1%
1st mort., $*,000,000. ) 1904 4^g J-J
5,500,000
July 1,1924
gold ($1,000)
e*5 lot. atm. Tr. & Sav. Bank, Chic, Trustee.
Bonds.— The new bonds are subject to call on or after Jan. 1, 1910,
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 Dec. 30, 1 per cent. In 1900, 3 p. c. In 1901, 3^ p. o. In
1902, 4 p. c. In 1903. 4 p. c. In 1904. 4 p.o. In 1905, 4 p. c.
Annual Report— For years ending Dec. 31, V. 82, p. 278.
1904.
1905.
1904.
1905.
Gross rec'ts. $1,71 3,348 $1,574,829 Surplus
$6*A5,613 $571,104
Net,
alter
409,165 409.149
Dividends
taxes ....
660,385
604,854 Bal. for year... 217,470 161,955
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 the " Loop " (Union Elevated) began October 18, 1897.
Electricity was introduced as motive power late in April. 1898. Operates 220 motor and 30 trail oars
An extension to Englewood and the
Stock Yards is under construction. Also leases Chicago Junction
R.R., which see b«low.
OFFICERS— President, Leslie Carter; Vice-Pres., T. J. Lefens; Secretary and Treasurer, Horace F. Hardy. Office, 47 Congress St., Chicago.— V. 80, p. «48, 872, 1480, 1914; V. 82, p. 278.

&

Officers— President, H. H. Hoffman; Vice-Pres., Lewis Seasongood;
Secretary and Gen. Mgr., Philip C. Swing; Treasurer, Casper ii. Rowe.
V. 76, p. 971; V. 80 p. 1234.

—

CINCINNATI

NORTHERN TRACTION CO.

Controlled by the Elkins-Wtdener syndicate, which also controls the
Ohio Traction Co. and other traction properties.
Organization. —Incorporated in Ohio on Jan. 24, 1905, and onMay 1,
Toledo Traction Co. for the length
1905, leased the Cincinnati Dayton
of its franchise and all renewals thereof. The unissued com. stock ($1,D. &T. were turned over to the
500,000) and bonds ($1,500,000) of the
lessee, which agrees to spend $1,500,000 for improvements to the property within the next two y<:ars. The lessee also is to pay all fixed
charges, including interest on the $1,500,000 bonds held by it, and in
addition it agrees to pay $25,000 the first year, s.37,500 the second
year, $50,000 the 3rd year, $50,000 the 4th vear, $62,500 the 5th year,
$75,000 the 6th year. $87,500 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 rati of $12,500 per year with each $100,000 of increase in gross
earnings, until the amount to be paid is $200,000; also $2,000 per
annum for organization and office expenses. Stockholders of the C.
D, & T. were asked to pay an assessment of $5 a share on their stock
to provide for floating debt, but as this was not complied with by all,
an issue of $250,000 of 5 p. o. pref. stock was made. See plan in full
in V. 80, p. 116, 472, 599.
Date. Interest. Outstanding.
Maturity.
Stock
Bonds—
Stock, $500,000
$500,000
Officers— Pres., W. Kesley Schoepf; 1st Vice-Pres., C. C. Richardson: 2nd Vice-Pres., Dana Stevens; Sec. S. C. Cooper; Ass't Sec, N.
8. Keith; Comptroller, W. H. MacAlister; Treas.. A. L. Kasemeier;
Auditor, W. J. Boyer; Gen. Mgr., F. J. J. Sloat.— V. 80, p. 472, 599.

&

C

&

;

I

|

(

1

)

CINCINNATI DAYTON & TOLEDO TRACTION CO.—Trolley.

Northern Traction Co. which see above.
19, 1902, and is a consolidation of the Southern Ohio Traction Co., the Cincinnati & Northwestern Ry., the Miamisburg & Germantown Traotion Co. and the
Hamilton & Lindenwald Elec. Trans Co. V. 74, p. 884, 1037. Franchises are for 25 and .50 years. An issue of *250.00 ) preferred stock
was made in April, 1905, to take up floating debt. V. 80, p. 1362,1478,
Is leased to the Cincinnati

,

Organization— Incorporated in Ohio on May

r

1728.

On Nov.
See V. 75.

3, 1902,
p. 1033.

made

contract with the Traction Terminal Co.

Stock & Bonds—
Common, $5,000,000 ($100)
Pref., $250,000. 5% cum

Organization—Organized in the interest of the South Side Elevated R.R to build lines to connect that company's traofc with the
Stock Yards. Only a nominal amount of stock has been issued ($50,-

Outstand'g.
Maturity.
See text
$5,000,000
250,000
See text
Sg.J-J.
Cin. Day. & Tol. 1st cons. ) 1902
2,700,000 July 1, '22
M.. $5,000,000, g.($l, 000) *c SInt. at Cleveland Trust Co., Trustee!
Southern Ohio Trac 1st cons.
1.350,000 May 1, '20
$2,000,000 ($1,000), gold, cM900 5 g. M-N
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
Cin. &Ham.Eleclstg.($50<>)) 1898 6 g. J&J
400,000 Apr. 1,1918
$500,000, not subjectto call, s Int. at Cit. Sav.&Tr.Co., Cleve., trustee.
July 1, 1916
Dayton Traction 1st M., < 1896 5g. J-J
250,000
($1,000), int. guar..c* \ Int. at Finance Co. of Penn.,Phila., trustee.

000) which

Hamilton

(

1)

CHICAGO JUNCTION

R.R.

held in trust for the South Side Elevated in case that
at any time wish to absorb it. Is leased to the South
Side Elevated for 50 years, rental being interest on bonds, taxes, etc
Date.
Interest.
Outstanding.
Maturity.
BONDS—
Stock
Seetext.'
Stock..
$1,800,000 Mar. 1, 1945
1st M., $2 327,000, g.,> 1905 4g. M.-S.
($l,000),gu.p.<fei...o* S First Trust & Sav. Bank, Chioago, Trustee.
Bonds— Are.subjectto call on 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. PO, p. 871. Bonds are guaranteed,
principal and interest, by Chic June Rys. & Union Stock Yards Co.
Thev wrre offered for sale in March, 1905, by N. W. Harris & Co., New
York and Chicago.
ROAD— Has under construction an elevated road to the Stock Yards
and a loop around the same 3 75 miles, which is expected to be completed in about 2 years.
OFFICERS— President, John A. Spoor; Vice-President, Richard Fitzgerald; Secretary, James Miles; Treasurer, C. D. Moyer; Auditor, C.
O. Chace.- V. 80, p. 871.
is

company should

&

SUBURBAN RAILROAD-A

trolley road.

Organization— Incorporated under law of Illinois May, 1895.
RECEIVER— On July 30, 1902, L. S. Owsley was appointed receiver,
interest on the bonds being in default. V. 75, p. 241.
Date.
Interest
Maturity.
Outstand'g.
STOCK
Bonds—
Stock, $1,250,000
$1,250,000
5g. M-S
1,250,000 Mar. 2, 1916
l«tM «3 000 000 gold. 5*896
1st M., $3,000,000, <mld
^ Chicag0 Title & Truat Co
TrU8tee
Of the $3,000,000 bonds authorized, $1,250,000 were issued to build
the 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 track.

&

'

& Lindenwald

Date.

1901,

Interest

5g.J-D

250,000

Dec

1911

1,
Elec. Transit IstM. s. f
Interest at Cleveland Trust Co., trustee.
$250,000 g. ($1,000), o*
Germ. 1st, guar., 1901
5 g. J-D
Dec. 1, 1911
Miam.
50,000
($50,000) g. <$i,ooo).c* Interest at Cincinnati Trust Co., Trustee.
Bonds. -None of the issues are subject to call. Of the $5,000,000
Cin. Day. <!fc Tol. Trac. issue $2,300,000 is reserved to retire prior liens.
See V. 81, p 5 54.
'

&

Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Cin.
Ham. Electric bonds and Dayton Traction bonds. Issue
listed on Philadelphia Stock Exchange.

&
The Ham. & Lind.

Elec. Tran.

however,

bonds cannot be called before ma-

provided, beginning with Deo. 1,
additional each year until 1911.
Earnings— For flsoal year ending May 31. 1905: Gross, *506,901;
in 1904, gross, $502,990; net, $201,202; fixed ohgs., $195,180; surp.,
$6,022.
Road— Owns 83-93 milesof track (including secondtrack and sidings)
connecting Cincinnati with Dayton. Obtains entranoe into Cincinnati to Spring Grove Ave. at Linden St. overthe Cin. Northwestern J >ivision. Later will enter the city over the tracks to be built by the
Traction Terminal Co.
OFFICERS— President, George B. Cox, Cincinnati; Vioe-Prest., C. C.
Richardson; Second Vice-Pres., J. B. Foraker Jr.: Sec and Treas..
F. R. Williams; Gen. Manager, F. J. J. Sloat.— V. 80, p. lid, 472, 599,
1362, 1478, 1728, 2219, 2343; V. 81, p. 154.
turity; a sinking fund,

1906, of 5%, and increasing by

INTERURBAN

trolley road.

is

1 p. c.

RY. &

TERMINAL

CO.-A

Organization.— Incorporated in Ohio on Nov. 3, 1902. and is a consolidation of the Cincinnati
Eastern Electric Ry., the Rapid Railway
Co. and the Suburban Traction Co. All bonded debt of those companies

&

has been retired.

—

)

.

STREET RAILWAYS.

24
&

BONDS—

Oulstand'g Maturity.
$2,500,000
1903 5a:. Q-J 2,500,000 Jan. 1, 1928
1st mortage, $2,500,000.)
g.($l,000and$500).o&r s Int. at Cincinnati Trust Co. Trustee.
Bond* — No sinking fund and bonds are not subject to oall.
Road— Comprises 22 miles of track between Cincinnati and New
Richmond, 33 miles between Cincinnati and Lebanon and 28 miles
from Cincinnati to Bethel. Gauge, 5 ft. 2^ in. Also owns terminal
station on Sycamore St.. Cincinnati. Cars enter Cincinnati over the
tracks of the Cincinnati Traction Co. 70-lb and 97-lb. T rati. Total
track, 101-4 miles; all operated.
Officers— Pres., Chas H. Davis; Vioe-Pres Lee H. Brooks; Sec,
J.M. Hutton; Treas., J.fM. Kennedy.—V. 7t>, p. 212, 480; V. 79, p. 2456.

STOCK

Dale.

Interest.

Stock, $2,500,000 ($100)

•

,

CINCINNATI GEORGETOWN
MOUTH RR. -Steam and
Formerly narrow-gauge steam

& PORTS-

electric.

road, but In Oct.,
a
Organization.—
1901, was purchased by A. W.Comstockof Detroit, and in 1 902 changed
to standard-gauge electric. Now operates by both electricity and
steam. Under Ohio law, remains a steam road.

&

Interest.
Outstand'g.
Maturity.
Date.
STOCK
BONDS—
Stock, $1,500,000
1,500,000
Jan. 1, 1932
1st mtge., $1,000,000) 1902
5 g. J. J.
1,000,000
gold ($1,000)
o* \ Int. at Union Tr.&Sav.Bk.,Cinein.,Tr.,&lnN.Y.
Earnings- -For vear ending June 30, 1905, gross, $157,366; in
1904, gross. $142,966; net, $50,272.
Road.— Operates 60 miles from inclnnati southeasterly to Russellviile. Including branches of 3 miles to Batavia and 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 completed during 1906. Has 25 electric passenger
ooaches, 5 steam passenger coaches, 50 freight cars and 3 locomotives.
Officers- Pres., A. W. Comstoek; Vice-Pres W. R. Todd; see, A. O.
Herzog; Treas. and Supt., H. E. Sawyer.— V. 75, p. 184, 665, 1253.
»_

,

[Vol. lxxxii.

Aug. 13, 1896, and all successive renewals and extensions of the same.
is intended to provide dividends of 5*4 per cent for the first
year, 5*2 for the second. 534 for the third and 6 per cent for the fourth
year, and thereafter. V. 72, p. 136. The Rogers law of April 22,
1896. under which franohise was granted, was in 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), and that Court on Feb. 28, 1905. reversed the lower Court
and upheld the constitutionality of the Rogers law. V. 80, p. 996.
On April 28, 1903, the Superior Court at Cincinnati declared unconstitutional the curative Act passed in 1902 to strengthen the franchise
granted under the Rogers law. This case was appealed to the State
8upreme Court, which upheld the constitutionality of the law.
Organization.— Incorporated June 21, 1880, and in 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
Par. Interest
Oulstand'g Last div., die.
STOCK
BONDS—
8tock ($20,000,000)
50
Q.-J.
$18,066,950
See text.
Mt. Auburn Cable Ry.
..
1887 5 J D. 166,000
June, 1907
1st
assumed ..0* S Interest at Chemical Nat. Bank, N Y. City.
Dividends- To and including April, 1901, 5 p. c. per annum. July

The rental

&

1

.

.

and

Oot. 1, 1901, and Jan. 1, 1902, and April 1, 1902, 13125% each,
1902. Oct. 1, 1902, Jan. 1, 1903, and April 1,1903.1-375%
each; July 1 and Oot. 1, 1903, and Jan. 1 and April 1,1904, each
1-4375 p. 0.; July, 1904,
p. c; October. 1904, 1^ p. c ; In 1905.
Dividends hereafter will be at the rate of 6 p. c. per anuum under the
lease.
I

July

1,

m

Officers— President. John Kilgour: Secretary and Treasurer,
A. Collins.— V. 75, p. 1031; V. 81, p. 1043.

James

(h) TRACTION TERMINAL COMPANY.
Organized in 1902 as part of agreement between the Cincinnati
Traotion Co. and the Cinoinnati Dayton & Toledo Traction to build a
central depot at Cincinnati for eleotrio lines entering that city and to
provide suitable terminals. Construction has not yet begun 8tock
$100,000. Pres., J. Benson Foraker, Jr Vice-Pres.. Frank N. Wilcox,
;

CINCINNATI LAURENCEBURG & AURORR.-A trolley road.

RA ELECTRIC STREET

in Nov. ,1898. The Union Savings Bank
$750,000 of the bonds in Jan, 1901,
and an advertisement stated that no dividends would be declared
on the stock for five years, so as to create a surplus fund available
for betterments and extensions. See V. 72, p. 136. In May, 1904,
capital stock was increased from $750,000 to $1,000,000 by the issuance of $250,000 6 p. o. cumulative pref. stock, the proceeds being
used for betterments.
Date. Interest. Oustanding. Maturity.
STOCKS & BONDS
Common, $750,000
$750,000
FTef.,6p.c, cum. ,$250,000
250,000
1st mortgage., $750,000)
1899
5 g. J.-J.
750,000 July 1, 1919
($1,000), gold
Jlnt. atUn. Sav. Bk. & Tr. Co., Cinn., trustee.
Road.— Operates 38 miles of track from Anderson's Ferry, at Cincinnati to Aurora, Harrison and Laurenoeburg
Directors— J. C. Hooven, President, of Hamilton, O., C. E. Hooven,
A. B. Vorheis, J. G-. Schmidlapp and Stanlev Shafer; Treas. and Uen.
Manager, C. E. Hooven, Cincinnati.—V. 78, p. 2011, 2383.

Organization— Incorporated

& Trust Co.

of Cincinnati sold

CINCINNATI
TRACTION CO. MILFORD & LOVELAND
Organization-— Incorporated in Ohio in Sept., 1902. and purchased
franchises and rights of the Cinoinnati Milford
Eastern Traction Co.
Interest. Oulstand'g, Maturity.
Date.
Stock and BONDS
Com $1,000,000 ($100)
(?)
Pref. $650,000 5% rum...
(?)
1st mort., $500,000, g. ) 1905
170,000 July 1, 1925
($500)
c* 5 Int. at Prov. Sav. B'k
Tr. Co., Cin.,trustee.
Bonds.— Are subject to call at any time at 110. See V. 81, p. 264.
Road- — Will operate 41 miles of traok from Cincinnati to Loveland
and from Cincinnati to Blanchester Gauge, 5 ft. 2 in.; 70-lb rails.
The line to Mil ford, 16ra., is in operation, and remainder is under construction: to be completed to Blanchester about Apr. 1, 1906. Enters
Cincinnati over the tracks of the Cincinnati Traction Co.
Officers-— President B. H. Kroger; Vice-Pres.. Thorne Baker; Secretary, J. Neviu Roberts; Treasurer, Leo J. Van Lahr.— V. 77, p. 250;
V. 80, p. 2343; V. 91, p. 264.

&

—

5g.«J

&

OHIO TRACTION CO-Organization.— Incorporated In Ohio on May 22, 1905, and owns
practically tlie entiie capite stock of the Cincinnati Traction Co., the
Cincinnati Zoological Co. ana the Traction Building Co., besides onehalf the stock of tue Traction Tenuinal Co and a largo it>te>est in the
common and preferred stook of the Cincinnati Dayton & Toledo Traction Co. On July 6, 1U05, lease of the Cm. & Hamilton Tract. Co. was
assigned to this company by ihe Cin. Interurban Co. and the latter
company placed in liqu dation.
Last Div
$7,500,000
Pref., $10,000,000 5% cum
Q-F 8,500,000 Feb.'06,l 14%
Slock.- Further issues of stock can only be made for acquirement of
other propei ties and additions to the present properties.
Dividends.— First dividend on pref. stock 1M p. c — was paid Aug.
1, 1905, and Hrj p. c. was again paid Feb. 1. 1906.
Earnings.— President W. Kesley Schoepf in a letter to Irwin, Ball-

STOCK,—
Common, $10,000,000

Date. Interest. Oulntanding.

($100)

—

man & Co.

of Cincinnati, who offered some of the pref. stock in May,
1905, stated that the actual net earnings of the combined propei ties
for year ending Dec. 31, 1904, had been $540,238.
OfF'CERS.— President W. Kesl-y Schoepf; 1st Vice Pres., C. P. Taft;
2nd Vice Pres , J B. Foraker Jr 3rd Vice Pres. and Gen. Mgr.,
Dana Stevens; Sec'y, 8. C. Cooper; Comp., W. H. MacAlister; Treas.,
A. L. Kasemeier.
Directors —P. A. B Widener, Geo. W. Elkins, Hugh J. McGowan,
W. Kesley Schoepf, Briggs 8. Cunningham, John Kilgour, Chas. P. Taft.
Wm. 8. Rowe, Louis J. Hauck, Win. Cooper Procter, Harry M. Levy,
Wni.T. Irwin. Thomas Dolan, Julius Fleischuaann and Randal Morgan.
—V. 80, p. 2220; V. 8 p. 669
;

1

(1)

,

THE CINCINNATI TRACTION CO.—

Organization. -Incorporated in Ohio on Feb. 19, 1901. with an authorized capital stock of $2,000,000 (which, all except 11 shares, is
the Ohio Traction Co.), to take over under lease the Cincinnati Street Ry. Co. See V. 72, p. 391
Report.— For calendar year 1904 gross earnings were $3,770,022
In 1903, $3,697,962. In 1902. $3,559,685,
Road— The Cinn. St. Rwy. comprises 217*76 miles of track In the
city of Cincinnati, Ohio, extending also to adjoining suburbs. The
last cable line was converted to electricity in June, 19.2. Gauge,

owned by

5 ft,

2^ in.

OFFICERS.— President, W. Kesley Schoepf: Chairman Executive Committee.

Hugh

J.

McGowan,

Indianapolis; 1st V.-P.,

J.

B.

Foraker

Jr.;

2d Vice-President and Gen'l

Mtrr., Dana Stevens; 8ec.,S. C. Cooper;
Purch. Agt. T. Fitzgerald Jr.; Claim Agt., J. H. Schoepf; Treas., A. L.
Kasemeier; Comp., W H. MacAlister; Aud'r, C. F. Callaway; Gen.
8upt., Robt. E Lee— V. 77, p. 510; V. 80, p. 996, 2219.

CINCINNATI STREET RAILWAY—Electric.
Was leased on Feb. 21, 1901, to the Cincinnati Traction

(a)

ane

f

the franchise granted

by

Co. for the
the city of Cincinnati on

Clev.; Sec

,N

struction yet.

(2)

S.Keith; Treas., Dana Stevens.
V. 80, p. 2221.

V. 75, p, 1033.

No

con-

CINCINNATI & HAMILTON TRACTION.-A trolley road

Organization—This company was organized

in August, 1902, as a
consolidation of the Mill Creek Vallev St. Ry, and the Hamilton,
Glendale & Cincinnati Traction. V. 75, p. 497. On Sept. 30. 1902,
was leased to the Cincinnati Interurban Co. (V. 75, p. 906), but on
July 6, 1905, lease was assigned to the Ohio Tract.ioa Co , and the
Cincinnati Interurban Co. placed in liquidation. Rental, year beginning October 1, 1902-03, $55,000; 1903-04. $60,500; 1904 05. $66,000; 1905-06, $71,500; 19C6-07 and 1907-08, $77,000: 1908 09 and
1909-10, $82,500; 1910-11, $88,000: 1911-12, $93,500; 1912-13 to
1914-15, $99,000; thereafter $100,000.
Lust. div.
Date. Interest. Outstand'g.
STOCK
BONDS—
Stock com.$ 1,100,000 ($100)
$1,100,000
See text.

&

Q-J

10

^nuS:
Dimdrn-s.—
The

first

.

:

5 p.

dividend

?

10

?.
o. per

.?!

Q

\

-

J

5% per year

1-100,000

annum is being paid on the preferred stock.
on the common of ^ p. o. was paid Jan 1, 1 904 and

was again paid on April

In 1905,
1, July 1 and Oct. 1, 1904.
In 1906. Jan., =% p.
Road— Owns and operates 3L32 miles of traok from the "Zoo" in
Cincinnati to Hamilton and 15 miles from Cincinnati to Lockland.
Gauge, 5 ft. 2*n inches. Operates over tracks of Cincinnati Traction
Co. from "Zoo" to Fountain Square in Cincinnati.
Officers.— President, H. H. Hoffman; Vice-Pres., B.L. Kilgour; Sec.
and Tieas., A J. Becht, all of Cincinnati. V. 75, p. 290, 497, 906.
!e p. c.
1 p. c.

.

CLEVELAND, OHIO.

CLEVELAND ELECTRIC RAILWAY.-(«m
map on page 25.
\

Organization— On July 1, 1903, acquired the Cleveland Citv Ry.
Co. and increased its capital stocK from $13,000,000 to *23,400,000 to
provide for the purchase Cleveland City stockholders received 130
shares in the Cleveland 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
considerable losses, and March 22, 1904, arrangement was modified.
V. 78, p. 1222. For decision of U. S. Supreme Court, deciding against
the right of the city to fix fares, see V. 78, p. 2334. For decision
of Ohio Supreme Court regarding legality of the proposed opposition
line, the Forest City Ry., see V. 8 1, p 1847 In May. 1905, Mayor John
son of Cleveland proposed that the Cleveland Electric be leased to a
private company, the latter to be given an option to buy the stock at
85 This proposition was rejected by the company. See V. 80, p.
1970, 2343.
In Aug., 1905, the Mayor vetoed an ordinance of the City Council,
fixing fares at 5 cents for cash fares aDd eight ti< kets for a quarter,
on the ground that he was committed to 3-oent fares.

STOCK

&

BONDS—

Dale.

Interest. Outstand'g. Latest div., etc.

$23,400,000 Jan., '06, 1H%
1,000,000 March, 1910
\ Interest at Central Trust Co., New York.
City Cable
Ry. J 1899 5g.J.-J. 2,026,000 July 1, 1909
Cleve.
gold, $1,000 c. <fcr. IstM.l Central Trust Co., New York, Trustee.
Cleveland Electric Railway
1893 5g.M-8 6,000,000 Mch. 1, 1913
con. M. ($1,000) g.c &r
1st Con M ffllOOOisn'Arl Int at
central Trust Co.,N.Y.City, trustee.
^
Bonds— There Is no limit upon the amount of bonds issuable under
the consol. mtg. of 1893, but further issues (with trie exception of
$1,000,000 reserved to retire the $1,000,000 East Clev. RR. istmtg.
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 <fe 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; In
April, lt>96, paid % p. c; in 1897, 3 p. c; in 1898, 3H p. c; in 1899,
2% p. o. (October dividend having been passed on account of strike);
In 1900, 3% p. c; in 1901, 4 p. c; in 1902, 4 p. 0.; in 1903. 4 p. o.; In
1904, 4 p. c; in 1905, 4 p. c. In 1905, Jan., 1m p. 0. (V. 81, p. 1791.)
Road—The consolidated company operates aggregate single track
of about 220 miles, mostly 82 and 98-11) girder rails.
Annual Report— For calendar year 1903 and 1902.
StocK ($100)

Bonds assumed—
E. Clev. RR. 1st M ($1000)

Q.-J.

S

1892

5

M-S

—

Gross earnings
Operating expenses...

Netearnings

1902.

1903.
¥4,578,941
2,850,321

$4,369,721
2,518.419

$1,728,620

$1,851,302

LATEST Earnings —For 6 months ending June

30, 1904; Gross,
total net income,

$2,244,290; net, $888,818; other income, $3,524;
$892,342.
Officers— Pres., Horace E. Andrews; Vice-Prest. and Gen. Mgr.,
John J. Stanley; Second Vioo-Prest .C. F. Emery; Sec, H. .1. Davles;
Treas., Geo. S. Russell; Asst. Tieas., John Ehrhardt; Auditor. W. G.
McDole.— V. 80, p. 871, 996, 1970, 2343; V. 81, p. 725, 1791, 1847.

CLEVELAND & SOUTH-WESTERN TRACTION CO —A trolley road.
Organization— Incorporated in Ohio as a consolidation in December, 1902, of the Cleveland Elyria & Western Ry., the Cleveland
Southern Railway Co. and the Norwalk Gas

& Electric

&

Co.

Feb.. 1906.]

STREET RAILWAYS
25

i

—

—

STREET RAILWAYS.

26
STOCK AND BONDS—

Date.

a J™ & iUSn»* 1St M

°n

"

Subject to

%es

caif 1905.-

O

1895

S

,0,1

^00)^ld

^

I

-f

6

at Clt

'

MAN
&

Sav

'

1915
200,000 May
^^ Co Cleve TruB
1.

"

-

'

1897 6 F&A
100,000 Aug. 1. 1917
i Intere8t
at Cleveland Trust Co., trustee.
)

Subject to call 1907.'"

1899

^*m<^%l'owJ?il
$
!ubjecUo call119OT '
p, oro1o „ H tti~.„ *woct

Stock

5 S M&8
127,000 Mch.l, 1919
at Cleveland Trust Co., trustee.

5gF&A

1,073,000 Aug. 1,1920
f
°*™ i?t m ^i fo^nnn i Interest at Cleveland Trust Co., Cleveland,
Trustee, or at the Nat. Bant of Commeroe
«*
f*? nmi goia
(»i»oou), ™i
c
tuN.Y. May be called after 10 yrs. at 100.
"
100,000 Jan. 1, 1922
Flvria Graf A: So Rvl«t f 1902 5 S J J
i5^„^ *?r?v J'-m J Interest at Cleveland Trust Co., Cleveland,
Trustee, and Colonial Trust Co., N. Y.
SI 00 000 uja,uuu),g..o
ifciou.ouu «1 oooiir n*1
Can beoalled at par after 10 years.
A-O
110,000 Apr.l. 1920
( 1900 6,
Norw'k Gas & Eleo. 1st JVJ. 2 Int. at Guardian Trust Co ,Cleveland,trusNational Bank, New York.
tee, or Chase
(
Feb.1,1923
1,400,000
Cleve. <fc8outh-W. 1st and ( 1903
5g. F-A
con. M. $3,000,000, g..-? Int. at Guardian Tr. Co., Cleve., Trustee, or
($1,0l0)
o*( Colonial Trust Co., New York
Bonds— No sinking fund, but new bonds of 1903 are subject to call
on and after Feb. 1, 1913, at 105 and int.; $1,600,000 are reserved

1900

Cannot be
&East.

|

$543,226
314,253

$475,361
293,615

$181,746
$228,973
Road— Operates 136 milesSof track, extending from Cleveland to
Berea, Elyria and Oberlin; also Nor walk. Medina, Creston and Wooster.
Bails, 60 and 70 lbs. Has 50 passenger cars, 3 express cars, 3 snow
plows, 4 flatca's; also service cars.
OFFICERS— Prest., F. T. Pomeroy; Vice-Pres., A. E. Akins; Secret'y,
E. F. Schneider: Treas., J. O. Wilson^Gen. Supt., C. N. Wllcoxon.— V.

Netearnings

76, p. 212, 265, 593, 1299; V. 81, p. 507; V. 82, p. 217.

CLEVELAND PAINESVILLE & EASTERN

RAILROAD.-

Orqanization, Etc.—Incorporated in Ohio on April 25,1895. Boad
completed in July, '98. In April, 1902, authorized stock was increased
from $1,500,000 to $2,000,000, for extensions and improvements,
n

STOCK

&

BONDS

Date.

Interest.

Outstand'g.

Stock, $2,000,000; par $100

Maturity.

,«S»S'

<i

'

Bonds-Ot the $2,000,000 consols authorized, $1,000,000 is reserved
to retire underlying liens, and $204,000 held In Treasury.
Road— Owns road from Euclid, Ohio, to Painesville and Fairport,
23'02 miles ("Main Line"), ana uses Cleveland Electric By. from
Euclid to Public Square, Cleve., 10 miles; also owns " Shore Line,"
extending from Willoughby to Glenville, O., 14*89 miles, and uses the
Cleveland Elec. By. Co.'s track from Glenville to the Public Sq.,
Cleve., 5 miles. Total track owned (including 4^2 miles of double),
45-43 miles. Bails 68-lb. girder on Main Line, 75-lb. T on Fairport Line
and 701b. T and 90-lb. girder on "Shore Line"; 32 motor cars. Power
house is at Willoughby. Car houses at WiDoughby, Painesville and
Nottingham.

Report—
Tears

to

Dec.

31—

1905.

1904.

Gross earnings
Expenses and* taxes...

$245,089 ^$225,751
141,270
136,021

Net
Fixed charges

$103,819
80,830
$22,989

Surplus

OFFICERS— President,

1903.

1902.

$214,631
127,149

$189,187
105,669

$89,730
80,250

$87,482
78,007

$83,518
74,552

$9,480

$9,475

$8,966

C. V7.

Wason; Vice-President,

J.

CLEVELAND PAINESVILLE & ASHTABULA R R.— A trolley road. Entirely over private right of way,
except through some of the
villages.

Organization,— Incorporated in Ohio in 1902.
Dale.
Interest. Outstanding
Maturity.
Stock & Bonds
Stock, $1,000 000 ($100)
$1,000,000
1st mort., $1,000,000 >
1902
5 g. J-J
850,000
July 1, 1922
gold ($1,000)
c* S Int. at Cleveland Tr. Co .Cleveland, Trustee.
Bonds.- $150,000 are reserved for future extensions and improvements. No sinking fund and bonds cannot be called. See V. 75, p. 549.
Earnings.- For calendar year 1905, gross. $98,503; net, $48,078;
,

interest, $42,500; surplus, $5,578.
Road— Operates 30 miles of track between Painesville and Ashtabula
full operation on July 30, 1904. 70-lb.
and girder rail
used. Track, standard gauge. Connects at Painesville with the Cleve-

T

and Painesville & Eastern KB. and at Ashtabula with the Pennsylvania & Ohio By.
Officers.— President, W. J. Hayes; Vice-Pres., J. W. Holoomb; Sec,
W. L Hayes; Treas., J. B. Kraus.— (V. 79, p. 1955.)

ift

New

ea.), < Int. at Clevel. Tr. Co., Trustee, Cleveland,
c* (
or Standard Trust Co.,
York.

New

.

May 1?1906

($5«0?o ;

^OO^Sol S"
cVn be

-

5

200 000
>

-

May 1,1916

Co- cleve .. Trustee.

M

190°
5 *- " N
100 000 Nov *• 192 °
1
Dime 8av & Bk Co " cl eveland, Trustee.
called 1910.
S
Bonds-Ot the new $2,500,000 consol. M., $1,300,000 are held to take
up existing bonds and the balance ($494,000) for extensions and construction. The coupons on the .$706,000 outstanding bonds have been
cutoff up to July 1, 1904 and none paid since. Of the CI. & Chagrin Falls
mort. 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 1904: Gross, $217,142; net $10,965;
'

'

-

"

&

Interest, $74,348; deficit, $33,383.

Road— Owns and operates 46 miles of track from Cleveland to Chardon, Burton and Middletteld, O., and from Cleveland to Hiram and
Garretsville via Chagrin Falls, 40 miles. A link of 11 miles between
the terminals of this company and the Mahoning Valley By. to Youngstown has been contemplated. Total track operated, including sidings,
95 miles.

Officers— President & Gen. Man., Geo. T. Bishop; Vice Pres., H. A.
Sherwin; sec. & Treas., J as. A. Currie.— V. SO, p. 1478, 26^0; V. 81,
p. 155.

FOREST CITY

ST-

RY. (CLEVELAND).-

Inoorporated at Columbus, O, in Oct., 1903, with $250,000 authorized capital. Is a 3-oent fare company, which has succeeded to the
franchises granted the previous month by the Cleveland City Council
to the People's By. On Nov. 28, 1904, the Circuit; Court at Cleveland
decided that the franchise forthe line on Denlsou Ave. was invalid.
V. 79, p. 2587. In Dec, 1905, the Ohio Supreme Court decided in
favor of the company on one of the points raised. V. 81, p. 18 48. See
also decision as to franchises in V. 80 p. 1971; V. 81, p. 1848. The
work of construction has been enjoined. President, M. A. Fanning.
V. 77, p. 770, 1294; V. 79, p. 2587, 2795; V. 80, p. 1971; V. 81, p.
1848.

—

LAKE page 27.) ELECTRIC
SHORE
map on

RY--A

trolley road.

(See

Bondholders were given control until April 1, 1908. through a voting
but in Jan., 1906, the voting trust was dissolved.
Organization— Is a reorganization in 1903 of the old Lake Shore
Elec. By., which was incorporated on Sept. 25,1901, under laws of Ohio
as a consolidation of the Lorain & Cleveland By., the Sandusky & Interurban By., the Sandusky Norwalk & Southern By. and the Toledo
'•

trust,

&

Fremont A Norwalk BB. V. 73. p. 784 C. D. Barney
Co. of Philadelphia offeted the 1st consols for sale in April, 1905. In Jan., 1906,
stockholders approved the purchase of the Lorain Street By. and the
Avon Beach <fe Southern BB. and the lease of Doth to the Lake Shore
Electric. See V. 82, p. 216.
Date.
Interest. Outstand'g. Maturity.
STOCK
BONDS
Com, $4,500,000 (par $100)
$4,500,000
Pref. stock, $3,000,000 (par )
3,000,000
$100), 5% cum.
\
1903 5 g. J-J
1,750,000 Jan.1,'23
1st con
rnt?
<R4 000 000 (
00 " 3 Int. at Citizens' 8av. * Tr. Co.,Cleveland,
*4
/*i nnnt goia
c (
(fci.uuu) ™i?i"
trus1ee>or Colonial Trust Co., N.Y.
1903 5 g. F-A
Feb.l»33
897,000
General mt-e
<R7 uoo ou
"(
* 7 000 000 } Int. at Citizens, Sav.
Tr. Co.. Cleveland,
?*f wu) goia
(» i,
o
^ tru8t ee, or company's agency in N.,Y.
1897
July 1, '27
750,000
Lorain & C 1st S ($1 000) Interest 5 S- J J
e * i,uuu '
at Cleveland Trust Co., trustee,
{
iinnnnftii
»i,uuu,uuu
or Colonial Trust Co., New York.
^
T.F.& N. 1st M.. $1,500,000, ) 1900
1,500,000 Jan. 1, '20
5g. J-J
g., guar. ($500, $1,000). .o* S Int. at Union Tr. Co., Detroit, Trustee.
Bondt— Of the $4,000,000 first consols, $2,250,000 are reserved to
retire prior liens. $4,000,000 of the gen. mtge. 5s are reserved to retire
the first consols and $2,103,000 for extensions and improvements at
80% of cost. Neither issue is subject to call. A linking fund of
$10,000 per annum on the first consols commences Jan. 1, 1909, and
runs until 1914. From 1920 to 1922 incl., $30,000 per ann. is payable.
The L. & C. bonds can be called after July 1, 1917, at par and interest.
The T. F. & N. bonds can be called at 110 and interest on any interest
date upon 90 days notice. These bonds are guaranteed, principal and
Interest by endorsement by the Lake Shore Electric By. A. sinking fund
on the T. F. & N. bonds of $10,000 per annum commences in 1905 and
runs to 1909, inclusive; from 1910 to 1914, $20,000 per annum; 1915 to
1919, $30,000 per annum.
N. bonds are a first lien on the division between
Lien -The T. F.
Toledo and Norwalk; the L. & C. bonds are a first lien on the road
between Cleveland and Lorain; and the new 1st consol. bonds a first lien
on all other lines and also a seoond mtge. on the divisions noted above.
Report— For calendar years ending Dec. 31:
1905.
1904.
Gross earnings
$788,268
$659,873

&

'

mnS'

'

'

&

'

'

'

<>

(

&

Operating expenses and taxes

433,709

$226,164
244.817

$114,830

Surplus

428,588

$359,680
244,850

Netearnings
Interest

EASTERN OHIO TRACTION.-Trolley.
Receivership— On Feb. 15, 1904, President George T. Bishop was
made receiver at the instance of the directors, pending reorganization;
V. 78, p. 768. In Oct., 1904, an assessment of $1 5 a share was levied
upon the stock, to -provide for the payment of the floating debt and for
Improvements and extensions; V. 79, p. 1955. About 60 p. c. of the
stock paid the assessment. The interest due Jan. 1 on the Cleve. <fe
Eastern bones was not paid; that due July 1, 1904, was paid Nov.
1904. No interest has ever been paid on the Eastern Ohio Traction
bonds. In April, 1905, a reorganization committee consisting of H.
P. Mcintosh, W. D. Beese and George T. Bishop requested deposits of
securities. See V. 80, p. 1478.
Reorganization.— In June. 1905, the committee submitted a reorganization plan which provided for the f ale of the company under
foreclosure of the consolidated n ortgage and the formation of a new
company to be known as the Cleveland & Mahonmcr Valley Traction
Co. See plan in full in V. 80, p. 2620; V. 31, p. 155. Nothing had
been dore, however, in February, [906.
Organization.— Incorporated in Ohio in Jan., 1902, as a consolidation of the Cleveland & Eastern By., the Cleveland <fc Chagrin Falls
Electric BB. and the Chagrin Falls & Eastern Electiic By.

( 1902
1 Int. at Cleve.Tr.Co., I leveland. Trustee,
or Standard Trust Co ,
York.
(
1,000,000 July 1, 1919
(1899 5 g. J-J

n
1896 6 - M -N
tltm%200\^ ^ve&l Int at Guardian Tr

'

A. Biedler;
Treasurer, Chas. A. Post; Secretary, Fred. S. Borton; Ass't Sec'y, G. E.
Bender; Supt., J. Jordan.— V. 74, p. 267,576, 829; V. 77, p. 823.

put In

called.
1st mort.,

Maturity.
$2,259,000
5g. J.-J.
706,000 July 1, 1922

Interest. Outstand'g.

°l

$1,606,000

1896 5
500,000 Apr. 1, 1916
Mort cold * 500,ou < Interest «• A "°
<R500 000
at Morton Tr. Co., N. Y.,orClevey^
CM.uuu eacn)
c
land Trust Co., Cleveland, the trustee.
^
Debenture s, $500,000, $ 1897 6 J- J
500,000 July 1, 1907
Int. atDimeSav. & Bkg., Cle v., trustee.
($1,000)
I
I 898
5 A ~°
402,000 Oct. 1. 1918
Con morteaee '* 000 000
S *2
,*'i^nm g
i Int. at Dime Saving & B'k'g Co., Cleve.,
uta.uuu) t
trustee, or Colonial Trust Co., N.Y.
^
1st

Dale.

$1,000,000 ($1,000
gold

I

Gross earnings
Operating expenses

Bonds—

Cleve.

'

to retire prior liens.
Of the Cleveland Berea Elyria & Oberlin 5s dated March 1,
1899, $300,000 remain inreserve for the retirement at or before matuturity of the divisional 6s to a like amount. Of the $1,500,000 Cleve.
Elyria <fc Western new 5 s, $427,000 are reserved to retire prior liens.
Earnings.— For the calendar years:
1904.
1905.

&

Stock. $2,500,000 ($100)
East. Ohio Trao. 1st con. M.,
$2,500,000,g,($l,000).c&r*

^^^

5

>.

Vol. lxxxii,

In April, 1903, it was proposed to issue $300,000new preferred stock
to take up a like amount of income bonds, so that $300,000 1st mtg.
bonds reserved for the retirement of the same could be released. V. 76,
This plan was not carried out. These income bonds were
p. 704.
authorized at the time of the consolidation, Interest to be paid if
earned. As soon as interest is paid on these bonds the holder is
obliged to exchange them for first mortgage bonds, thus increasing
the amount of first morcgage bonds outstanding to that extent.

Maturity.
Outstanding.
$3,000,000
Mar.'05,5%
?,000.000

Interest.

Com., $3,000,000 ($100)
Pf.5%eu,$2,000.000($l00)

|

def.$18.653

Road— Operates in all 162*2 miles, ex tending from Cleveland to Toledo

and Sandusky aud from Sandusky

to Norwalk; also city lines in Sandusky; standard-tcauge 75-lb rails. Through line from Cleveland to
was opened for business about Aug. 26, 1902. In additi jh leases
Toledo
the Lorain Street By., 11-6 miles; also the Avon Beach & Southern
BR., a line between Beach Park ana South Lorain.
OFFICERS— President, E. W. Moore; 1st Vice-Pres.. W. H. Price: 2d
Vice-Pres., Jay Cooke 3d; Sec. & Treas., F. W. Coen, Electric Building,
Cleveland.- V. 81, p. 899, 1550, 16B5; V. 82, p. 161, 216.

(1)

LOEAIN 8TBEET BAILWAY.— A trolley road.

owned and leased by the Lake Shore Electric By.
STOCK 6c Bonds— Par. Date. Interest. Outstand'g. Maturity.
Is

$100

$750,000
1894
6 J-J
200,000 Jan. 1, 1915
Interest Guardian Tr. Co., Cleveland, Trustee.
Cons. M., $750,000, (1,000 1899 5g M-N
350,000 Nov. 1, 1949
Int. at Guaranty Trust Co.. N. Y., trustee.
gold $1,000
c* >
Bonds— Of the con. mortgage for $750,000, $200,000 is held to take
np first 6s and $200,000 for improvements and extensions.
Stock $750,000....
1st M., $200,000...

1,000

Feb., L906.]

STREET RAILWAYS.
27

—

STREET RAILWAYS.

28

—

Road Owns road 9-6 miles in length, extending through the city
of Lorain to Elyria; sidings, two miles; total track, 11-6 miles. Of
the track 7*8 miles is on private right of way (land owned in fee simple); rails, 70- lb. T and 851b. girder.

COEUR D'ALENE, IDAHO.
COEURD'ALENE &SPOKANE RY. CO. LTD.
—An
and steam road.
electric

In Jan., 1905. the Inland Empire Railway Co. was incorporated
with $20,000,000 ttoek, and, it was reported, would consolidate this
oompanv and the Spokane Traction Co., the Spokane Terminal Co.
and the Spokane & Inland By. Co. V. 82, p. 280.
Organization.—Incorporated in Idaho.
Maturity.
Date.
Interest. O'ltstand g.
STOCK & B~>NDS—
Stock, $500,000 ($100)....
$500,000
1905, 6 p. c.
1st M., $500,000, s. ($100, ) 1903
5 g. J-J
5"0,000
Jan. 1, 1929
$500 and $1,000) ..... c- $ Int. at Title Guar. & Tr. Co., N. Y., trustee.
Bonds— & si'tking fund, of 5 per cent of net earnings is provided.
Bonds are subject to call alter Jan. 1, 1914, at 105 and interest.
Report. For year ending Dec. 31, 1905, net $64,977; charges, $43,321; surplus $21,55*.
DIVIDENDS. In '904, 3 p. c; inl905, 6 p. c.
Road— Operates 34 miles of track between Coeur D'Alene, Idaho,
and Spokane, Wash and has traokage rights of 3 miles additional in
city of Spokane with Spokane Traction Co. Is building a line to connect with the Spokane Terminal Co whi.-h is expe ted to be comple ed about April 1, 19C6; the $350,000 bond issue of the latter is
guaranteed. Operates by both steam and electricity Standard gauge.
60-lb. T rail. 9 motor ears, 9 trailers, tfOlreight cars and 2 locomotives.
Officers— President, F. A. Blaokwell, Coeur D'Aleue; l»t VicePres. & Mgr., B. F. BUckwell; 2nd Vice-Pres, J. P. Graves; Secretary, C. P. Lmdsley; Treas. William Dollar.— V. 80, p. 71 1 V. 81, p. 1043.

Bonds.— Of the $450,000 Columbus BR. 1st mortgage bonds $27,000 are reserved to retire underlying 6 p. c. bonds of like amount due
in 1913. The. new $l.?>00,000 bonds of the Columbus Electric Co are
subject to call on or after April 1, 1908, as a whole, at 105 and interest. An "improvement fund" of 2 per cent per annum of outstanding bonds commenced in 1905.
Road— Operates 24 70 miles of track, of which 5*5 miles leased to
Seaboard Air Line. 35 cars.
Earn'NQS— For 12 months ending Dec. 31, 1904, for Columbus RR.
only, gross, $155,078; net, $5 2,350; charges, $22,039; surplus, $30,261.
Ot the Gas Light Co. of Columbus for 12 months ending Dec 31, 1904,
gross, $23,343; net, $7,007; charges, $1,197; surplus, $5,810.
OFFICERS— Presid't, H. G. Bradlee; Vice-Pres., John W. Hallowell,
Sec, Henry B. Haves; Treas.,
Stuart Pratt; General Managers
and Transfer Agents, Stone
Webster, Boston.— V. 76, p. 704.

,

COLUMBUS, OHIO.

COLORADO

SPRINGS, COL,
COLORADO SPRINOS & 1NTERURBAN RY.
Organization—Incorporated in August, 1902, as a consolidation of
the Colorado Springs Bapid Transit By. and the Colorado Springs &
Suburban By.
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
stock nor bonds on the market." We are adviser, however, that sufficient of the new bonds are reserved for underlying liens. Facts below
rela'e solely to the old Colorado Springs Itupitt transit Ry.

Colorado Springs Rapid Transit.

STOCK

&

BONDS—

Miles.

Date.

Interest. Outstand'g.

Maturity.

Stock (par $100)
$500,000 t.p. 1905, 6%
IstM., $1,000 each...
7^ 1890 6 A-O
338.000
1910
Consol.M., $1,000 ea., ) 27
1891 6 g A-O
162,000 Apr. 1, 1921
for $500,000, gold. . \
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 boDds; $338,000 reserved for first mortgage
Road— Owns 38 miles of track.
OFFICERS— President, D. H. Rice; Vice-President, A. G. Sharp; Secy.,
Wm. Lloyd; Treas., C. S. Chamberlin.— V. 70, p. 75. 175, 328.

COLUMBIA,

S. C.

COLUMBIA POWER-A
road.
WAY LIGHT & ELECTRIC STREET RAILtrolley

Organization— Is a consolidation of the Columbia Electric St. Rv
Power Co. and the Columbia Water Power Co. The first mentioned
was organized in S. Car Jan. 6, 1892, and was aconsolidatlon of the
Columbia Electric & Suburban Ry. Co. and the Conearee Gas &
<fe

Electric Co. Controls by lease from State of South Carolina 500 H. P.
water power on banks of Columbia Canal for 30 years from Deo. 6,
1892. Acquired the Columbia
Eau Claire Electric Ry. The Colum
bia Gas Light Co. is owned by friends of the company.
Control of the company was acquired in 1903 by the Columbia Trust
Co. and other local investment interests allied with it. See V. 7/,

&

p.

2280

In April, 1904, the Public Service Co.

was organized by

interests

Itowisa large tract of land, part, of
whloh is used* as a pnblio park. Owns track in this pa k, which is
leased to the Columbia Elect. St. Ry. Light & Power Co.
Date.
Interest.
Outstanding.
Maturity.
STOCK & Bonds—
identified with this

COLUMBUS RY.& LIGHT CC-Trolley and

Organization— Incorporated in Ohio on May 12,1903. and acquired
under lease the Columbus By. 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 preferred stock of the latter, and 5 per cent per annum on the common
stock of each, the dividends on the common stock of each company to
commence Sept. 1, 1903. Holders of common stock of the two companies 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 slightlv amended in Jan., 1906.
V. 82, p. 160.

STOCK

$1,000,000

l8tM.$350,00"6($'l,066*)"cV

j

M

&

'

Date.

,

OFFICERS-Pres., E. VV. Robertson
1st Vice-Pres., J. L. Minnaugh
2d Vice Pres., and Gen. Mgr., P. I. Welles Sec, A. L. Kraus Treas.,
Columbia Trust Co.— V. 76. p. 1248.1300; V. 77, p. 2280. V. 80, p
1971,2620, V. 81, p. 507, 974.
:

;

:

;

_

C OLUMBUS, GA.

COLUMBUS ELECTRIC on Feb.
COMaine
ORGANIZATION— Incorporated
in

6,

1903, and

owns

all

the securities of the Gas Lt. Co. of Columbus, a controlling interest in
the ''hattahooehee Falls Co. and 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 adj fining towns of Phoenix
and Girard. Franchises perpetual. The freight lines are leased to the
Seaboard Air Line Ry. for 50 years, from Ojt. 17, 1901, at a rental of
$7,500 per annum.

—

Date.

Com., $750,000 ($100)
Pref., 6p.c. non-cum .)
$500,000 ($100) ...$
lst.ool.M. ,$1. 500,000, >
gold ($1.000)
c* S
Col. RR. 1st mort'ge., ?

Interest.

Outstand'g.

,

T
J_J

1903

Maturity.

$750,000
„_. ft __
250,000
614,000 Apr.

5g.,A-0

1,

1933

Interest at Oitv Trust Co., Boston, Trustee.
5 A-O
423.000
Oct. 1, 1937
$450.000.g.($l,000) J Int. at West End Trust Co., Phila., Trustee.
C
d
1903
6 A "°
25 0.000
Oct. 1,1937
£
pre^nc
cum, $250,000. .7. 5 Iut at Clty Tru8t Co Boston Trustee.
G. L. Co. of Col. Mtge'.
1891
15,000 June 1.1911

1898

Snon-

-

'

.

OJ-D

-

5 q\

=
a

>

m

Maturity.

*3,ooo,ooo

-

n w

Last

M

>

1H

^

\

div., die.

^

Feb.

i*,nnnnn]
tf.auu.uou

'"'"*

Jan ,'06,1%

in.

Outstand'g

Interest.

00

: .:?.'?.

8tock, pref","$3,5bd*6bo
($100) 5 p.c. cum.guar.

906
j.

\

1, 1906,
p c

5 8-J--J^'av^ecaUed^or^ f'^ 1889 rest at Central 5*3,000 JulyY.1, 1909
may^De cauea ror a. I.
Trust Co., N.
nte
£

Pol St
VAi^
* OKl

C

i

5 «• J - J
2,447,000 July 1, 1932
Interest at E. W. Clark <te Co., Phlla.
Knickerbocker Trust Co., N. Y., Trustee.
(
5 g. J.-D.
572,000 June 1, 1933
> 1893
Knickerbocker Trust Co., N. Y., Trustee.
s

Rv Iat S« OOO OOO )
F^' 00 °. U "«
y

1892

-

<i

!

°

Crosstown 1st inort.,
gu., p. A i. c*

g.,

r t;

4 'Q" J
Int at Unlon
Truatee> at E

1899

$7w6ooVmSo0^ c

l

Bonds are"redeem after
redeem.aftei

I
>

"

.

2.799,000

^ ar Bk
W clark
"

"

Oct. 1, 1939
of Cin -'
COi Phlla or

& Tr Co

&

'

"

at Co
Bonus.—The Columbus Street Bailway mortgage of 1892 is for $3,000,000, of which $553,000 are in hands of trustee (Knickerbocker
Trust Co., N. Y.) to retire the Col. Consol. St. BB. firsts. The Crosstown, Street By. 1st M. is for $2,000,000, of which $572,000 are outstanding; the rest have been canceled. Principal and interest of the
Crosstown bonds were guaranteed Dv the old Col. St. By. Co.
Of the $7,000,000 mortgage of 1899 of the Columbus Bailway,
$1,500,000 were issued in payment for the Columbus Cent. By. property; $3,000,000 will be held in trust to retire the Columbus Street By.
and the Columbus Consolidated Street BR. 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
be used hereafter from time to time in making extensions, improvements and additions—$628,000 upon a ^-vote of directors, the other
$1,000,000 only on a vote of stockholders. This covers the whole
$7,000,000. In the table above we report as outstanding, $2,799,000.
This includes $1,500,000 issued in payment for the Columbus Central
Ry., $256,000 issued under the clause providing for the retirement of
4p c. notes and $1,043,000 under toe clause concerning improve-'

Pnterest

'

ments.
Dividend*

8 office -

1

—

—

First dividend— I p. c. was paid Jan. 15, 1901.
fiYannhises.— Circuit Court at Columbus, O., on June 25, 1903,
handed down a decision sustaining the claim of the Columbus Ry. to
perpetual franohise rights on certain streets. V. 77, p. 35.

Columbus Edison

D

STOCK & BONDS—
Common, $100
Pref.

6%
e

C

cum. $100
m.°" gag6

2uif

te.

.

g

^

Bonds.— tsoth underlying

—
—

Outstand'g.

Maturity.

•

$450,000 Dec '05 114%
450,000 Jan. '06,1^%
6 Q.-J.
6g.M.-N. 450,000 Nov. 1, 1922

•

5

....
|

Co.

Interest

5 Q.-M.

....

fofd!'?lw*?^

g-

A -0-

300 000

liens are guaranteed

-

Apr. 1,1929

by Columbus Edison

Co.

Properties Controlled— Operates 107 miles of track, 5*6 of which
Is a new suDurban line and 1 2 miles interurban.
Also does the greater
part of the electric light and power business of Columbus.
Officers— Pres., Robert E. Sheldon; 1st Vice-Pres., Gen. Mgr. and
Treas., E. K Stewart: 2d Vice-Pres., C. M. Clark; Sec. and Auditor,
P. V. Burington.— V. 80, p. 117; V. 81, p. 1723, 1848; V. 82. p. ltO.

CENTRAL MARKET STREET

1

BONDS

BONDS.

mV.!™:'..?

Outstand'g.

Interest

20 p. c. paid
Columbus Baii.way Co.

3 5

°go)d!

1900 5 g. J.-J.
120,000
Jan. 1, 1930
Cons. mtge. g., $1,000,- > 1903 5 g. A.O.
5-0,000
Apr. 1, 1933
000 $1,000 s.f
o'JInl. at Slater Tr. Co., Pawtncket. R. I., Trus.
1905 5 S- J.-JJul- 1. 1935
675,000
rUage +2 000 000 s ( Iat at Mercantile Trust
Dep. Co., Balto.,
($500 & 1000)
c' 1
(Trustee, or company's a eooy in New York.
Bond*— $120,000 of consols of 1903 are reserved to retire the 1st mortgage bonds. A sinking fund is provided as follows: From 1908 to 1912
$3,000 per an., from 1913 to 1917 $7,000 per an., the remaining 15
years $10,000 per an., aad bonds are subiect to call at 105 and int. on
Apr. 1, 908, or on any interest day hereafter. Of the $2,000,000 new
bond*, $700,000 are reserved for prior liens and $625, Ooo for future
betterments. A sinking fund of $10,000 per annum c iinmeuces July
1, 1906.
Earnings-- Of the street railway company before consolidation for
1904, gross, $153,576; net, $d7,449; ttxet charge $39,588; surplus,
$17,86i.
Road— Operates about 17^ miles of track. Also does all electric
lighting for city. Owns water power contracts

&

BONDS.— Date.

&

STOCK
8

C

600 Q00

,

STOCK

&

Stock, $5,000,000

company.

Com ,$l.<i00,000, $100...
P«f ^600,000, 0% cum.

electric

light.

;

,

A

&

.

,

[Vol. lxxxii.

RY.-A

trolley
road.
Interest due Jan. 1 and July 1. 1905, was defaulted, and a bond
holders' committee consisting of Frank W. Rollins, Walter H. Seavey,
Benjamin Fisher, Frederick v. Ristine and John J. Tyler was formed.
Bondholders were asked to deposit toeir bonds with the Mercantile
Trust Co. of Boston (V. 80, p. 649), and $476,010 bonds have been so
deposited. On Jan. 3, 1905, Messrs Myron H.Wilson and J. G. Schmidlapp were appointed receivers. See V. 80, p. 117. In Sept., 1905, stockholders consented to an assessment of $2 per share to prevent foreRoad is to be sold under creditors' bill on Feb.
closure. V. 81, p. 725
20, 1906, subject to the $500,000 bonds.
Organization— Incorporated in Ohio on Jan. 5,1901. Franchise
provides that tickets shall be sold 8 for 25 cents and transfers be
London &
issued to all lines entering or using the Columbus
Springfield Ry Co. interurban loop.
Date. Interest. Outstand'g. Maturity.
Bonds—
Stock
Common. $750,000 ($100)
$750,000
500,000
PL, $750,000 6% non-o. ($100)
500,000 Jan. 1, 1922
5 g. J-J
1st mortgage, $500,000,) 1902
gold ($1,000). eu. p.&i.c* S Int. at N. Y. Trust Co., N. Y., Trustee.
Bonds— sinking fund of 5% of gross receipts commences after 5
years Entire issue is subject to call after 5 years at 110 and interest.
These bonds are guaranteed, principal and interest, by Gol. London
& Springfield Elec. Ry.

&

A

Road— Operates 16 miles of track, all in oity of Columbus. Also
leases 15 miles of city line from the Columbus London <fe Springfield,
Newark and the Columbus Grove City
the Columbus Buckeye Lake
Southwestern. -V. 78, p. 1548; V. 80, p. 116, 221, 649; V. 81, p. 725.
V. 82, p. 160.

&

&

COLUMBUS BUCKEYE LAKE & NEWARK
TRACTION CO-

In Sept 1905, coutrol of this company and of the Col. Newark*
Zanesville Eleo. Ry., the Indianapolis <fe Northwestern Trac. Co. and
,

>

STREET RAILWAYS.

Feb., 1906.J

& Western was obtained by a syndicate headed by Randal
Morgan of Philadelphia. V. 81, p. 1043.
Organization— Incorporated In Ohio on Oct. 19, 1899. Of the
$1,500,000 authorized oapltal stock, $500,000 was changed to prethe Ind.

Built largely on private right of way.
Maturity.
Bate. Interest. Oustand'g.
$1,000,000
($100)
Preferred stock, $500,000,
500 000 Deo 20' 05
H T - T
500,000 Deo.- ,05,d%

ferred In 1902.

STOCK & BONDS—
Common, $1,000,000

^

bJ-J

($100>6percent,:non-oum.J
1901 5g.,M-N 1,243,000 Nov. 1, 1921
1st mortgage. $1,500,000, )
o* s Int. atKnkkerboekerTr.Co.,N.Y. .trustee
gold ($1,000)
Bonds— The remaining $257,000 can only be Issued for additional
property at 75 p. o. of cost. Are subject to oall on any Interest date at
110 and interest on 3 months notice.

div. of l 1^ p. o. on pref. stock Jan. 1, 1903; also 3
1903; in 1904, 6 p. 0.; in 1905, Jan., 3p. c, July, 3 p. o., Deo.,

Dividends— First
p. o. July,
3 p. o.

EARNINGS- For calendar year 1904: gross, $225,410; net, $99,827
and taxes, $63,861; dividends, #30,000; surplus, $5,966.
Road— Operates an electrio road from Columbus to Newark, with a
branch from Hebron to Buckeye Lake, 39 miles; 70-lb. T, 90-lb. girdAlso owns large summer resort at Bucker and 1 07-lb. Trilby rail.

Interest

.

eye Lake, covering 18 square miles. Standard gauge, 14 cars.
OFFICERS— Pres ,W, Kesley Sihoepf; Vice-Pres., Hugh J. McGowan;
Seo. and Treas., F. A. Deverall.— V 81, p. 725, 974, 1043, 1315, 1375.

COLUMBUS NEWARK &
road.
ELECTRIC control Atiolleyroad and ofZANESVILLE
RY-of this
the Col. Buck. L. &
In Sept., 1905,
eee» was acquired by a syndicate represented by
of Philadelphia. V. 81, p. li 43.
Organization-- Incorporated in Ohio on July 2, 1902, and in May,

Newark (which
Randal Morgan

1904, absorbed the

Stock

&

Newark & Granville

Bonds—

Bate.

Interest.

Street Ry.
Outstanding.

Maturity.

$850,000

Com., $850,000,$100

400,000
Pf.,n.-o.,$400.0C0,$lC0
5 g.
8
1,250,000
Mar. 1. 1924
1st mort., $2,000,000, ) 1904
gold ($1,000)
o* \ Int. at Knickerbocker Trust Co., N. Y., Trus.
Bonds.— No s. f entire Issue (but ro part) can be called at 110 and
int. on anv iit. date; $750,000 reserved for extensions, etc., at 75
p. c. of cost. V. 80, p. IS 34.
Earnings— For calendar year 1904 (the interurhan division not
opened until May, and then operated irregularjy during the summer),
gross, $1E0,619; net, $63,920; interest, $51,000; surplus, $12,920.
Road.— Operates 30 miles of track from Newark to Zanesville.in
eluding the city lines in Newark and Granville. Commenced operations on May 6, 1904. Standard gauge; 60 and 70 lb. Trail and 90-lb.
girder. Total track 4158 miles.
Officers. -Pres.,W. Kesley Schoepf; Vice- Pres., Hueh J. McGowan;
Seo. and Treas., F. A. Deverall. -V. 81, p. 974, 1043, 1375.

M

;

A

COLUMBUS DELAWARE & MARIONRY-holding company.

Organization.— Incorporated in Ohio in October, 1P04, and owns
the entire capital stocks of ihe Columbus Delaware A Marion Elect.
RR., the Manon Rr., Light & Power Co. and the Columbus Northern
Ry. Power

&

& Equipment Co.

Outstand'g. Maturity.
Bate.
Interest.
Bonds—
$2,5C0.00O
Btock, $2,5C 0,000, $100
l8tref.mtge.,$2,500,000.) 1904
6CO.O0O Aug. 1, 1944
5g.
gold ($500 & $l,000).o* $ Int. at Mercantile Tr. Co., N. Y., Trustee.
Bonds.—Of the new ref. mtge. $1,600,000 are reserved to retire the
bonds of the Col. No. Ry. P. & E Co., the Marion Ry., Lt. & P. Co. and
the C. D. & M. Etec. RR.
Officers-— Pres., John G. Webb; Sec.,W. A. Black; Treas., M.J.
Catrow; Gen. Mgr., George Whysall.— V. 80, p. 117.

STOCK

FA

(

1

)

COLUMBUS DELAWARE & MARION ELECTRIC SR.-

Organization— Incorporated in 1901.
Bate. Interest.
Stock & Bonds—

Common, $1,000,000

Outstand'g.

Maturity.

$1,000,000
1 000,000

5g- M-N
May 1, 1921
l Bt
morte
$1 000 000
Li^««iOOO^
o*1 Int - at Cleveland' Tr. Co., Cleveland,
c
goiacn.uuv;
trustee, cr Nat. Bank of Com. in N.
^
Bonds— See V. 75, p. 76.
For 11 months ending Nov. 30, 1905, gross, $172,669;
EARNINGS—
net, $77,701; interest, $45,833; surplus, $31,868.
Road— Operates an electrio railway over private right of way from
Columbus to Marion, passing through Franklin, Delaware and Marion
counties. Also 7 miles in the City of Delaware, a total of 57 miles.
Officers— Pres., Jno. G. Webb; Vice-PTes., O. M. Gottschall; Treas.,
W. A. Black; Sec, H. B. Hane; Gen.Mgr., (Jeo Whysall. Office, Ruggery Building, Columbus, O.— V. 77, p. 1533, 2281; V. 80, p. 117.
,

1901

Y

COLUMBUS NORTHERN RY. POWER & EQUIPMENT CO.
OPGAN'ZATION— Incorporated in Ohio on October 24, 1904, to erect
a power houre at Delaware and sub-statiors to eupply electricity for
power and heat.
Bate. Interest. OuManding.
Maturity.
STOCK & BONDS—
(2)

Stocfc, $300,000 ($100)
$300,(00
1st mortgage, $300,000) 1904 5g.,MS
300,000
gold '$1,000)
c 5 Int. at Standard Trust Co.,
Officers.— President, John G. Webb ; Secretary,

Treasurer,

James

(3) MAR ION

S.

Sept. 1, 1924
Y., Trustee.

W. A. Black;

Webb.

RAILWAY LIGHT & POWER

& Power Co.
& Bonds-

Bate.

Interest.

Outstand'g.

Maturity.

Stock, $500,000 ($100)
1st mortgage, gold ($500

$500,000
&) 1903
5 g. J-J
300,000 Julyl, 1923
$1,000)
c* Slnt. at Ohio Trust Co..Columbus,Trustee.
BowiJs-No sinking fund and bonds cannot be called.
Road— 10 miles of track In Marion. Standard gauge. 60 & 80-lb. rail.

COLUMBUS LONDON
SPRINGFIELD
RAILWAY-A trolley road. known & the
Forms part of wbat has been
as
system.
Appleyard

Myron H. Wilson and J. G. Schtnidlapp were on Jan. 3. 1905,
appointed receivers of this Cf mpany, the Dayton Springfield & Urbana

Messrs.

City of Columbus by July 1, 1901, and sell 7 tickets for 25 cents for
use in the city, good at all hours. The ordinance also provides for the
payment of 2 per cent of gross receipts from local passengers (viz.,
passengers riding wholly within the city limits) during the life of the
franchise. The formal opening of the line into Columbus took place
on June 29. 1901. In April, 1903, issued $1,500,000 of preferred stock
and reduced common to $1,000,000. Guarantees the $500,000 1st
mtge. bonds of the Central Market St. Ry., principal and interest.
Bate. Interest. Outstand'g. Maturity.
Bonds—
STOCK
Common $1,000,000 ($100)
$1,000,000
Preferred $1,500,000'($100)
1,500,000
1,500,000 Oct. 1, 1920
1st M. $1,500,000 ($1,000) < 1900 5 g. A-O
Int. at N. Y. Trust Co., N.Y., Trustee.
gold c*
?
Btock and Bonds. —The preferred stock is entitled to 5 p.o. non-cumulative dividends until 1 9( 6; ther°af ter 6 p. o. Entire issue of bonds
may be called after 1906 at 110 and interest. A sinking fund of 5% of
gross earnings begins with year end'g Sept. 30, 1906. See V. 71, p. 963.
Road.— Operates 15 miles of track in cities (Columbus, Springfield,
London) ana 60 miles between cities; altogether 75 miles of track.
Forms part of the througu line from Indianapolis to Columbus, a dis-.
tance of 184 miles. See Da\ton & Western Traction. V. 80, p. 117,
1174, 1424; V. 81, p. 1375; V. 82, p. 160.

&

(1)

COLUMBUS GROVE CITY & SOUTHWESTERN RY.—

On

Jan. 16, 1905, J. G. Schmidlapp and Myron H, Wilson were appoints d receivers. See V. 80, p. 222. Road is to be sold on Feb. 20,
1906, subject to the $208,( 00 bonds given below.
ORGANIZATION— Incorporated in Ohio in 1901 and acquired the
Grove City <fe Green Lawn line. The Columbus London & Springfield
Ry. owns $210,000 of the $250,000 capital stock, and guarantees the
bonds, principal and interest.
Franchises in Columbus are for 25 years from July 1, 1901 from
Columbus to Grove City run until 1921, and from Grove City to Morgans owns private right of way.
Bate.
Interest. Outstanding.
Maturity.
Stock
Bonds—
Stcck, $250,000
$250,000
lstmtge. $250,000 (gold)) 1901
5 g.
J-J
208,000 July 1, 1921
($1,000) .cAr* gu. p. & i. $ Int. payable at N. Y. Trust Co., N. Y., Trus.
Bonds—Of the authorized issue of $250,000, $42,000 is reserved for
extensions at not exceeding 75 per cent of cost. A sinking fund of 5
p. o. of annual gross earnings begins with year ending Aug. 31, 1906.
Entire issue can be called for payment after July 1,1906, at 110 and
;

&

accrued Interest.
Road— Operates about 15 miles of road from Columbus to Grove
City and Morgans, connecting with Columbus London <& Springfield,
and does also freight and express business.— V. 80, p. 222; V. 82,p.l60.

CO LU MBUS NEW ALBANY& JOHNSTOWN
TRACTION CO— A trolley road.
Organization.— Incorporated in Ohio on May 4, 1F99. In May,
1905, canceled old mortgage for $200,000 and made the new mortgage In table below. V. fcO, p 2399.
Outstanding.
Maturity.
Bonds— Bate. Interest.
Stock
Com., $400,000, $100
$400,000
Pref. (6% cum.), $200,200,000
000, $100....
)
1st mtge., $4F0,000) 1905
5g. J-J
None
Jan. 1,1925
St. ($500 & $1,000) 5 Int. at Columbus Sav. & Trust Co
Trustee.
Entire issues of stock are held by four stockholders.
8ond».- $50,000 is reserved for prior liens.
Earnings.— For calendar year 1903: Gross, $32,948; net, $13,807.
In 1902: Gross, $26,133; net, $11,584.
Road —Owns 6*1 miles of track from Columbus to Gahannna; has
perpetual lease of 2*2 miles of tracks of the Columbus St. Ry. as terminal: total operated, 8-6 miles; gauge, 5 ft. 2^ in.; 65-)b. T-rail.
An extension of 17 1* miles to New Albany and Johnstown over private

&

way to be built.
Officers-— Pres., Wm. D. Brickell; Vice-Pres., Daniel J. Ryan;
Sec.-Treas. and Gen. Man., L. P. Stephens.- V. 80, p. 117, 2399, 2620.

right of

SCIOTO VALLEY TRACTION

CO.-Thirdrail.
Organization— Incorporated in Ohio ia 1899.
Dale. Interest.
Outstanding. Maturity.
Stock & Bonds—
Com, $1,800,000, $100
$1,800,000
Pref.. $1,200,000 5 p.

,,,, anrt
l,13b,800
cum., $100
S
1st mortgage, $2,000,000, > 1903
5 g. J-J
None
July 1,1953
gold ($1,000)
o* \ Int. at Un. Sav.Bk.,&Tr.Co ,Cin. & atN. Y.
Bonos.— No sinking fund and bonds not subject to call.
Bividends.- Dividends on pref. stock were to accrue from Oct. 1,
1P05. but amounts due Jan. 1, 1906, and April 1, 1906, have been relinquished by shareholders.
Road— Operates 72 miles of track from Columbus to Lancaster and
from Columbus to Chillioothe. Is operated by third-rail system.

Standard-gauge 70-lb

o. )

T

,

rail.

Officers— Prest. & Mgr. Frank A. Davis; Vice-Pres. ,W
Sec. & Treas., Edwin R Sharp; Supt. L. C. Bradley.— V.

Courtrieht;
77, p. 197; V.

S.

81, p. 32, 778, 1551, 1661; V. 82, p. 101.

CONCORD, N. H.
CONCORD central wards of RAILWAY-A
STREET Concord Penacook.
extending from the

trolley road,

Comprises

In June. 1901, control passed to the Boston &
Maine RR.,and in 1903 the New Hampshire Legislature authorized the
Concord & Montreal RR., which is leased to the Boston <& Maine, to
purchase the property and to it- sue stock and bonds to pay therefor.
12-71 miles of track.

CO.

Light

Stock

29

to

Organization.— Incorporated in Ohio on June 24, 1903, and is a
consolidation of the Marion Street Railway Co. [and the Marion Electric

1

)

and 1 he Central Market Street Ry on confessed judgments. See V.
80, p. 117. The April, 1905, coupon on Istmtse. bonds was defaulted,
as was aUo the October ooupon. Road is to be sold on Feb. 19, 1906,
subject to the $1,500,000 bonds given in table below.
Rtorganization—\n March, 1905, W. B. McKinley of Champaign,
111., A. E. Locke, BosTOn. and O. T. Martin. Chicag >, were appoiuted a
reorganization commlttee.with the Union Savings Bank & Trust Co. of
Cincinnati as depositary. V. 80, p. 1174. The Knickerbocker Trust
Co. of New York, purohaeed the April, 1905, and October, 1905,
coupons. V. 80, p. 1424,
Organization— Incorporated in Ohio on Jan. 26, 1900, to operate
a passenger and freight line between Columbus and Springfield via
London; also empowered to supply light, heat and power along its
route. In April, if 00, was granted a 25-year franchise in Columbus
with the provision that the road was to be ready for operation In

CONCORD, MASS.
CONCORD MAYNARD & HUDSON
road.
RY.— A
trolley

ST.

Organization— Organized in Mass. Mar. 27, 1901. Acquired Concord & Clinton Street Ry. Feb. 1, 1902.
In July, 1905, applied to RR. Commissioners for permission to
increase stock to $200,000.
Stock
Interest.
Bonds— Bate.
Outstanding.
Maturity.
St'ck, $175,00' -,$100
$175,000
lSCMtge., $175,000;) 1902
5g. J-J
165,000
July, 1922
gold, $1 ,000 o&r ( Int. at Amer. Loan & Tr. Co.. Boston, Trustee.

&

"Current

liabilities" Sep. 30, 1905
98,234
Road— Operates 15 miles of track between Concord, Stow, Maynard and Hudson; 7 open and 6 closed cars, 2 snow plows and 1 con-

struction car.

EARNiNQS-For year ending Sept. 30, 1905, gross, $50,555; net, $16,091; fixed charges, $16,062; surplus. $29.
Officers -Rres., (.has. H. Persons; Treas., Henry Tower; See, John
W. Ogden.-V. 75, p. 184, 61
.

CONNEAUT, OHIO.

CONNEAUT & ERIE TRACTION

CO.-Trolley.
Organization.— Incorporated in Pennsylvania In 1901. Owns all
the stock and bonds and leases the Conneaut & Erie Traction Co. of
Ohio, which owns 1-99 a iles of track.

—

J

STREET RAILWAYS.

30
&

—

Outstand'g.
Maturity.
Interest.
Bate.
Bonds
Stock
Stock. $306,000, $50
$800,000
May 1, 1924
329,000
Ref. Mtge..$l, 250.000) 1904
5a. M-N
($500&$l,000)g ,c&r \ Int. at Fidelity Trust Co., Philadelphia, Trus.
Sept. 1, 1922
)
1902
5g.
800,000
S
1st Mtge.,$800.000,g.
($500 & $1,0C0) c&r I Int. at Fidelity Trust Co., Philadelphia, Trus.
Bonds.—Ot the $1,250,000 refunding bonds, $800,000 are reserved to
retire prior Hens, and remainder for improvements and extensions.
The new refunding bonds are subject to call at any time at 110 and
Interest. A sinking fund of 1 per cent per annum tor 5 years becomes
operative on May 1, 190^; for following 5 years, beginning 1914. 2 per
ceut, and for following 5 years, beginning 1919, 3 per cent per annum
of outstanding bonds. The 1st mortgage bonds are suoject to call at
any time at 110 on three months' notice.
Ro»D -Operates 35 miles of track from Conneaut, Ohio, to Erie, Pa.,
mostly on private right of way. Standard guage, 60 lb. T rails. Enters Erie over tracks of the Erie Elec. Motor Co.
OFFICERS -Pres., Robt. L. Forrest. Philadelphia; Vice-Pres., M. M.
Freeman; 2d Vice-Pres. and Gen. Mgr., C. E. Flynn; Sec and Treas.,
Central Station, Elk Station, Girard, Pa.; General
J. M. Smith;
Offices, Erie, Pa.-V. 79, p. 680.

11,

1,

a trolley road. Control changed hands
Interest.
Date.
Stock & Bonds—

1895.

Stock, $100,000; ($100)

V. 80, p. 162.
Oulstand'g. Maturity.
$100,000 'C4-'05,4i*%

in 1904.

100-000 Jan. 1. 1916
Co., Boston.
^ Int at Beacon
Earnings— For year ending June 30, 1905, gross, $42,858; net,
$17,184; interest and taxes, $8,894; surplus, $8,290
Road— Owns 5*9 miles of track, from Corning to Painted Post, 14
cars. An extension to Elmira, 11 ^ miles, Is proposed.
OFFICERS—President, J A. Powers. Troy; Vice-Pres., Jas. H. Caldwell, Troy; 8eoretary, Thos. O'Connor. Waterford; Treas. and Gen.
Man., W. fl. Mansfield, Troy.— V. 80, p, 162.
1st mortise $100 000
mortgage $iuo,ooo...

$

1896

5 J

"

J

^^^

CORTLAND,

OFFICERS— President, James C. Ernst; Vice-President, C. W. Wet
and Treasurer, George M. Abbott Supt., Jas. R
Ledyard.-V. 74, p. 326, 426, 528 576 986, 1307.

CUMBERLAND, MD.

«,„„ nnrt
»i<su,uuu

)
S

$200,000 5%)
non-oum. ($100).... £

Pref.,

200000
^ou.ooo
1901
4g. A-O
180.000
Apr. 1, 1921
1st mtge., $180,000 County Sav. Bk. & Tr.Co., Scranton, Pa., trust.
Interest at company's office.
*ol
No sinking
($500), gold
fund and bonds cannot be called.
New mtge., $500,000. > 1905
5g. F-A
$320,000 Aug. 1, 1935
Interest at Empire Trust Co., N. Y., Trustee.
g. ($500 & $l,000).c s
B>nds-Ot the $500,000 new bonds $180,000 are reserved to retire
prior liens. They are subject to call after Aug. 1, 1910, at 105.
Road —Operates 10 miles of track between Cortland and Homer and
Cortland and McGrawville, 22 cars.
Earnings— For fiscal year ending June 30, 1905: Gross $49,140;
net. $16,610; other income, $487; total net income, $17,097; charges,
f

f

$9,099, surplus, $7,998.
Officers— President, Frank Battles, Phila.; Vice-Pres., Edw. H.
Brewer, Cortland; Sec. and Treas., Edwin Duffey, Cortland, N. Y.— V.
72, p. 821, 1187. -V. 81, p. ."07.

COVINGTON, KY.

CINCINNATI NEWPORT & road
LIGHT & TRACTION CO. -A trolleyCOVINGTON
of New Jersey on Mar.
and purchased all the stock of the Union Light, Heat <fe
Power Co. of Covington and of the Cincinnati Newport & Covington
Railway. V. 74, p. 576. The latter was organized in 1892 to buy up
and consolidate all the roads on the Kentucky side of the river,

Organization— Incorporated under the laws

11, 1902,

opposite Cincinnati.
The Cincinnati Covington & Erlanger Street Railway (providing for
an extension to Erlanger, 7^4 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.
Date.
Interest. Outstanding.
Maturity.
BondsStock
Com., $5,000,000 ($100)
$5,000,000

&

($1,000)

;

5

4**Q-J 4.264,000
1882

M-S

6

W. A. Goodman

Jan.15, 06,

He

250,000 Mch., 1912
trustee.

2d Consol.M., $500,000 g. ) 1892 6 g. J - J
150,000 Jan. 1, 1932
($500—$1,000)
Covington Sav. Bk. & Tr. Co., Trustee.
S
Newp. ADay.St.Ry. 1st M. 1887 6 F-A
100,000 Aug. 1, 1917
Cincinnati Newport <6 Covington
l8t'oonsol.mort.,gold,$3,-) 1892 5 g. J- J
2,500,000 July 1, 1922
000,000 ($1,000). .o* & r s Farmers' Loan & Trust Co. of N.Y., Trustee
2d mortgage, $1,000,000, > 1896 5 g. J600,000 July 1, 1922
c 5 Farmers'
P. Co.—

fold ($1,000 each)
Tnion LI. Heat

&

(

1901

Loan & Trust Co., N.

g. M-N
Nat. Bank

4

1,500,000

Y., Trustee

May

1,

1918

1st mtge., $2,000,000, g. J Int. at
of Commerce, N. Y.; First
($100,$500cSj$l,000)c&r'i
Nat'l Bank, Cincinnati, or at German
Nat'l Bank, Covington.
I

"oo^SawSloVoO^
m.OOO)

..??!....
ist

.

'

.

c* >

Bonds -Ot the

100 '000 Dec 1.1912
J -D
Int »* German Nat. Bank, Covington, Ky.
6

<fe

Vm

-

*-

-

&

consolidated bonds of 1892 of the C. N.
C. Ry.
$500,000 are deposited with the trustee to retire all the underlying
mort. bonds. The perpetual charters of constituent companies are
kept 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 German 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 companies at par for actual cost.
Dividends.— The first dividend of 1 p. c. on preferred stock was paid
in Oct., 1902. On Jan. 15, 1903, 1H P- c. was paid and April 1^ p. c;
July 15, 1^ p. c; Oct. 15, 1*8 p; c. In 1904, 4»« p. c. In 1005, 4ifl
p. c. In 1906, Jan.,
p. c.
Road— Connects 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.
-ATE8T 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.

m

;

-

>

•

J

$200,000.g. ($1,000), o* 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. o. 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 Lonaconing, 60, 75 & 92 lb. T and girder rail; standard gauge.
Officers— Pres., DeWarren H. Reynolds, Cumberland; Sec. and
Treas., D. Percy Hartzell, Cumberland; Supt., J. E. Taylor, Frostburg

DALLAS," TEXAS.
DALLAS ELECTRIC CORPORATION-Trolley
Serves a population of 60.000.

in New Jersey in 1902. Does an elecrailway and electric lighting business in Dallas by virtue of the
ownership of securities of certain local companies. Franchises ex-

Organization— Incorporated

tric

pire 1922.

Stock

&

BONDS—

Date.

Outstanding.
$3,000,000
, ~=
n ofto
l.dou.uuu

Interest.

Com., $3,000,000 ($100)

5%

$2,000,000,

Pref.,

non-cum. ($100)

)

\

Maturity.

1902
"°
3,495.000
So' 1 Int at 5 tyATru8t Co Bo8ton April, 1 1922
C
Trustee.
?-

o; 5

*

-

-'

«

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 beginning
Oct. 1, 1904, at 105 and interest. $25,000 of the bonds are in denomination of $100, balance being $1,000 each.
Earnings. -For 12 mos. ending Dec. 31, 1905, gross, $934,706; net,
$362,478.
Road-—Owns and operates 53-15 miles of track in the City of Dallas
and suburbs. Rails, 45 to 91 lbs. 137 oars.
OFFICERS— President, Guy E. Tripp; Vice-Pres., John W. Hallowell;
Treasurer, A. Stuart Pratt; Secretary. Henry R. Hayes. Stone &
Webster, Boston, Auditors and Transfer Agts.— V. 81, p. 558, 1723.

Bonds.— A. sinking fund of 1

&

Underlying Bonds
So. Cov. &Cin. 1st M.

trolley road.

Organization— Organized in Maryland on April 11,1902, by special
Act of the Legislature, as successor to the Frostburg Eckhart & Cumberland Ry. Has absorbed the Lonaconing Midland
r'rostburg Ry.
Date Interest Outstanding Maturity.
STOCK & Bonds—
Stock. $1,000,000, $50
$398,100
Sept. '03 ,3%
F
Ck
1901 5 S- J" D 15
2 3°.000
June, 1926
'$250 OoT
1
mtee
Int at Real Estate Tr Co PhIla Trustee.
<<*'
($500 & si .000)
Lon. Mid. & Frost 1st M. ) 1901 5g. J-D IB
200.000
June, 1926

1*000)

Organization— Is a reorganization on June 22, 1901, of the Cortland <fe Homer Traction, sold at foreclosure on April 23, 1901. Owns
all the stock of Cortland & Homer Electric Co., which furnishes 150
arc lights to the cities of Homer and Cortland, and also lamps to the
public. Carries coal and freight as well as passengers; also owns
lease of the Cortland & Homer RR.
Date.
Interest.
Outsland'g.
Maturity.
"ONDS—
STOCK

^OOO^To^^.'f.'.l
—

CUMBERLAND & WESTERNPORT ELECTRIC RY--A

84000 OOO^go'd

CORTLAND COUNTY TRACTION.-Trolley.

8tock, common,$120.000 ($100)

;

,

.

1

N. Y.

Vol. lxxxii.

more; rieoretary

M

CORNING, N. Y.
CORNING& PAINTED POST STREET RY.Commenced Nov.
1894.
Orqanization Incorporated Deo.

|

p. o.

DANBURY, CONN.
& BETHEL STREET
DANBURYIncorporated May 1886, under theRY. of Conlaws

Organization.—

7,

Has a perpetual

special charter, the only street car company serving the city of Danbury and town of Bethel. Its lines
also extend to the Danbury Fair Grounds and the pleasure resort of
Lake Kenosia. In May, 1903, the State Legislature authorized an
increase of $300,000 of capital stock, to provide for exteusions.
Date.
Interest.
Outstand'g.
Lust div., etc
STOCK db BONDS
Semi-an.
$320,000
See text.
Stock ($623,000, par$25)
1894 5g. M-N
200,000
May 1, 1914
1st M. $200,000, gold....
Trust Co., Boston, trustee.
Interest at Am. Loan &
Dividends In 1896-7, 4 p. c; in 1897-8, 4 p. c; in 1898-9, 2 p. o.; in
1899 1900, 1*2 p.c; In 190001, 1*2% in 1901-2, 3%; In 1902-3, 3%;
In 1903-4, 1*2%. None since.
Road—Trolley road in Danbury and from Danbury to Bethel, and
to Lake Kenosia,10'6 miles in all; sidings, etc, l'l miles; total, 11 "7
miles; <tO oars.
Report— For year ending June 30:
Net.
Int. <6 taxes. Dividends. Bal.,sur.
Cross.
(None) sur.,$10,541
$14,409
1904-05
$24,950
$92,747
necticut.

def. 376
14,544
4,800
14,186
9,600
def.3,384
OFFICERS— President, Samuel C. Holley, Danbury; Vice- Pres. .S.Har-

1903-04
1902-03

18,968
20,402

86,566
81,475

rison Wagner,

New Haven;

Sec'y

and Treas., M. H.

D ANVILLE,

Gritting,

Danbury

ILL.

TRACTION COILLINOIS-Incorporated in Maine on May 13,

1904, and owns
Champaign Ry., the
the capital stock of the Danville Urbana
Champaign Ry. Gas Electric Co., the Danville Street Ry.
Urbana
& Light Co., the Decatur Ry. & Light Co., the Jacksonville Ry.,
the St. Louis & Northeastern Ry., the Springfield <fe Northeastern
Decatur Ry., the
Interurban Ry., the Chicago Blooming: on
Bloomlngton & Normal Ry.. Elect. & Heating. Co.. the Peoria
Springtield
Bloomington <fe Champaign Traction Co., the St. Louis
Ry., the Illinois Central Traction Co., the Urbana Light Heat & Power
Light & Power
Co., the Jacksonville Gas Light & Coke Co., the Urbana
Co. and the Consumers' Heat <fe Electric Co of Bloomingion; also
the Consumers' Light * Heat Co., which at last accounts had $100,000 stock unci $200,000 5 p. c. bonds; also owns a controlling interest
in the stock of the Central Ry of Peoria. In May, 1905, authorized capital was increased from $4,000,000 to $5,500,000 and in Sept., 1905
V. 81, p. 975.
It was further Increased to $7,500,000.
Last Div
Date.
Interest. Oulstand'g.
B0ND«—
STOCK
$4,318,000
Common, $5,000,000, $100
Pref., 6 p. c. cum., $2,500,- )
2 420 000
^,4^u,ww

Org<*nization

all

&

&

&

&

&

&

000.8100.

\

-

Earnings— For the 12 months ending Dec.

31, 1905, (including all
the properties below except the Central Ry and the Bloomington
Normal) gross, $1,670 476; net, after taxes, $746,345. In 1904, gross,
$979,937; net, $44 2,600.
OFFICERS— President, W. B. McKlnley, Champaign; Secretary, E. A.
McNutt: Treasurer, Geo. M. Mattis; Gen'l Mgr., L. E. Fischer; Supt.,
H. J. Pepper.— V. 81, p. 155, 975; V. 82, p. 280.
(J

)

A

DANVILLE URBANA & CHAMPAIGN RY.-

OrGANIZATION— Incorporated in

the Danville Paxton

&

& Northern

Illinois

on July 28, 1902. Owns

Ry.

Maturity.
Outsiandina.
Interest.
Date.
Bonds—
Stock
$250,000
Stock. $250,000
Mar. 1, 1923
1,650.000
5 g. M-S
tv+nn-n* $-,000,000 > 1903
1st mort., «9nnnnnn.( Int< at Affenoy ot Bank of Montreal. Now York.
gold ($1,000). ^u.c ^ Northern Trust Co.. Chicago. Trustee.
Bonds— No sinking fund, bat are subject to call on any interest dite
upon 8 weeks' notice at 105 and interest. The bonds are guaranteed,
Light
grincipal aud interest, by endorsement by the Danville St. Ry.
Champaign Ky..(Jas EteotricCo. V 81. p. 264.
o. and the Urbana
ROAD— Operates «7 miles of track from Champaign to Danville
Georgetown and Call in In addition 131a miles is op-rated by the
ChamDanville Street Ry. & Light Co. and 9 miles by the Urbana
Electric Co
paign Ry. Gas
Officers— Same as those for Illinois Traction Co.— V. 78, p. 1906,
1961; V. 81. p. 264.

&

&

&

&

&

J

STREET RAILWAYS

Feb., 1906.
(2)

DANVILLE STREET RAILWAY & LIGHT.

Organization.— Incorporated in Deo., 1899, as a consolidation of
all the street railway, electric light, gas and steam heating interests.
Entire stock is owned by Illinois Traction Co.
Date. Interest. Outsland'g. Maturity.
Bonds—
Stock
$700,000
Stock. $700,000 ($100)
673,000 J an. 1/10-25
Refund. M., $700,000, gold, S 1900 5 g. J-J.
o* (Int. atN. W. Harris & Co., N. Y. and Chic.
$1 000
Bonds—The bonds are due $6,000 annually, Jan. 1, 1910, to 1924,
inclusive, and remainder on Jan. 1, 1925; $24,000 of old prior lien 6
per cent bonds are still out and $27,000 of the new bonds are held to
take them up. Sinkingfund of $6,000 per year begins Jan.l, 1910, bonds
being drawn (;\t pur and accrued interest) in numerical order beginning with number one; mortgage trustee is the Illinois Trust & Savings Bank, Chicago. N. W. Harris & 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
oapacity of 25.000 incandescent and 600 arc lights, with dynamosforfurnishing power to street railway. 3. The entire street railway system
of the city, 13*3 miles of track, nearly all laid in brick pavement
running to three parks, the fair grounds, oemetery and railway
depots and National Soldiers' Home. Equipped with 50 and 60 lb.
Johnson T rails, with 25 motor cars (General Electric) and 3 trailers.
OFFICERS— Same as those for Illinois Traction Co.— V. 65, p. 1114;
V. 69, p. 1193; V. 70. p. 125; V. 71, p. 602; V. 76, p. 1142. 1300.

URBANA & CHAMPAIGN RAILWAY GAS & ELECTRIC CO.
Organization—A consolidation in 1897 of Urbana & Champaign
Electric St., Cham. Elec. L. & P., Cham. & U. Gas L. & Coke and West
(3)

End Park

Owns perpetual

Co.

ing railroad charter

is

gas and steam charter. The underlyFranchise in 1901 extended for

also perpetual.

twenty years.

OFFICERS— Pres., Walter Barker; Sec, E. A. MoNutt; Treas., Geo^M.
Mattis; Gen. Mgr., F. E. Fisoher. V. 76, p. 918.

BLOOMING TON & NORMA. RAILWAY ELECTRIC &
HEATING CO.— A trolley road.
Organization— Incorp'd in 1902 in 111. asa'consolidationoftheBloomington Electric Light (o, the Bloomington & Normal Ry. and the
i\f\\
lv
/

v

Comprises

City District Heating Co.

the street railway lines In

all

and between Bloomington and Normal. Also furnishes electric light
and power in Bloomington and Normal, hot water heat for business
houses and residences and compressed air for various purposes.
Principal franchises perpetual.

by

Entire stook acquired in Jan., 1906,

Traction Co

Illinois

&

Maturity.
Date. Interest. Outst'd'g.
BONDS—
STOCK
$500,000
Stock, $600,000, $100
600,000 June 1, 1927
First mortgage $600,000)1902 5g. J-D
0* S Int. at 111. Tr. & Sav. Bk., Chicago. Trust.
($1,000) gold. s. f
and interest. Sinking fund.
Bonos— Bonds are subject to call at 110
$10,000 annually, beginning with 1908.
Earnings— Year ending May 31, 1905, gross, $181,221; net, $75,790.
Road— 22 miles of trolley track. 70, 60 and 45 lb. rail. Private right
of way between Bloomington and Normal.
OFFICERS— President, C. P. Gardiner; sec, E. A. McNutt; Treas.,
Geo. M. Mattis —V. 74. p. 1253; V. 82, p. 99.
trolley road.
(i I) ST. LOUIS & SPRINGFIELD RY.—
ORQANIZ a hon Incorporated in Illinois in 1903.
Maturity.
Date. Interest. Outstand'g.
STOCK
SiONDS—

A

&

$500,000

Stock
1st mtge., $2,250,000 ...)

1903 5

J-O

Deo. 1, '33
1,431.000
($l,000j gold, guar
c* < Int. at City Trust Co., Boston, Trustee.
Bonds.— Are subject to call on any int. date on 60 days' notioe at
107*2. Are guaranteed, p. and i., by the Illinois Traction Co.
R 3AD— Operates 6 1 miles of track from Springfield to Carlinville.
OFFiCFR-i-Pres W. B. McKinley; Sec , E. A. McNutt; Treas , Geo.
M. Mattis; Gen. Mgr., F. E. Fisoher.
g.

.

&

Date. Interest. Outstand'g. Maturity.

BONDS—
Stock $500,000
U. &C. Ry. G.&E. M.,$250,-)
STOCK

31

$500,000
1S97 5g. J-D 202,000 June 1,1917
000, g., s. f ., $8,000 yr. June > Int. at 111. Tr. & Sav'gs Bank, Chicago
1.1900 and after ($1,000). o* ) trus., or at Chase Nat. Bk.,N. Y. City.
Consol. mortgage, $500,000 >
1899 5g.J-J 274.000 July 1.1929
c< Int. Portland Tr. Co.. P'tland.Me., Trus.
($1,000 gold)
Bonds— Of the new issue of $500,000, sufficient arereserved to re
tire first mortgage bonds. The bonds are subject to call on any inter.

est date at 105.

Road— Operates 9 miles of track in and between Champaign and
Urbana.
(4) DECATUR RAILWAY & LIGHT CO.—
Organization.— Incorporated in Illinois in Deo., 1903, to take over
the property of the Deoatur Traction & Elec. Co., the Decatur Oas &
Eleo. Co. and the Deoatur Steam Heating Co owning all the street
railway, gas and electric ligntiog business in Decatur and suburbs.

,

(12) ILLINOIS CENTRAL TRACTION CO. -A trolley road.
Organization— Incorporated in Illinois in 1903.
Interest. OutstanHna. Maturity.
Date.
STOCK & B0ND8—

Stock

$1,100,000
Dec. 1, '33
1,370,000
$ Int. at City Trust Co.. Boston, Trustee.
Bonds —Are subject to call on any int. date on 60 days' notice at
107 s Are guaranteed, p. and i., by Illinois Traction Co.
ROAD— Operates 40 mtles of track from Deoatur to Springfield, with
an extension from Buffalo to Mechanlcsburg.
OFFICERS— Pres., W. B. McKinley; Sec, E. A. McNutt; Treas., Geo.
M. Mattis; Gen. Mgr., F.E. Fisoher.
1st mtge., $2,030,000
($1,000) gold, guar .o*

1903

)

5g..lD

.

(IB)

URBANA LIGHT HEAT & POWER

CO.

,

STOCK

&

BONDS—

Date.

Stock, $1,300,000 ($100)
Decatur Oas & Eleo. Co.

Interest.

Outstand'g.

Way 15, '29

Co.,

Chic, Trus.

1899
5 M&N
unt.atMerchants'L.&Tr.

\

IstM

Matufy

$1,300,000
300,000

Deoatur Gas & Eleo. Co..( 1899
5 M&N
90,000 May 1, '30
2d M.,$400. 000 (6300,000? Int. at Merchants' Loan & Trust Co.
reserved for above)
Chicago. Trustee.
(
Dec. Trac. & Eleo. 1st M.,( 1900
5 J-J
212,000 JaD 1,1920
$250,000, ($500 and $1,-2 Int. at Illinois Trust & Savings Bank,
000 each)
Chioago. Trustee.
*c. (
Decatur Ry. & Light Co.? 1903
5g. J-D
600,000 Dec. 1, '33
mortgage $1,300,000, g.,2 Int. at City Trust Co , Boston, Trustee,
and at agency in New York.
($1,000)
*c. (
bonds.—$602,000 Decatur Ry. & Lt. Co. bonds are reserved to retire equal amount of prior liens as above and $98,000 for future extensions. A sinking fund of 10 p. c. 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 mtge 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
Deoatur Gas & Electric Co. are redeemable a* 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-

60 and 72-lb. T rails
Officers— Same as those for

urbs;

Traction Co.— V. 78, p. 1961.
CO.
Organization.— Incorporated in Illinois in April, 1905. Has 50
year franchises in Blooniington and Peoria.
Da'e
Intertst.
OuUtan'dg.
Maturity.
Stock
BONDS.—
All owned by Illinois Traction Co.
Stock, $5,000
Road. -Is to operate 90 miles of track from Peoria to Champaign.
Standard gauge, 70 lb T-rail. Is under construction bat ween Blooaiington and Peoria; expected to be completed about Oct. 1906.
Officers. Same as those for Illinois Traction Co.
(6) JACKSONVILLE RY. & LIGHT CO.—
Organization— Incorporatfd in Maine in Dec. 1905. and is a con
solidation of the Jacksonville Ry. Co. and the Jacksonville Gas Light

(6)

Illinois

PEORIA BLOOMINGTON & CHAMPAIGN TRACTION

&

& Coke Co.
Stock

&

Bonds—

Stock, $500,000,

Dale.

Interest.

Outstand'g.

Maturity.

$100

$100,000
Jaoksonv. Gas Light &)
5 J-J
175,000 Jan. 1, 1931
Coke Co. 1st mtge
$ Int. at Merchants' Loan & Trust Co., Chic.
Jack Ry. 1st mt^e., $75,1892
6 J-J
34 000 Jan. 1, 1912
000 ($1.000)
{ St. Louis Union Trust Co., Trustee.
Road.— Operates about 5 miles of track and also does electric light)

.

.

.

ing and gas business in Jacksonville.
Officers.— Pres W. B McKinley; Vice-Pres. and Gan. Mgr., L.
Fis 'her; See. & Treas., O. M. Mattis; Supt., J. P. Doan.
,

(7)

E

CHICAGO BLOOMINGTON & DECATUR RY —

Organization.— Incorporated in Illinois in April, 1905, and is
building a road frcm Bloomlngton through Clinton to Decatur, 44
miles. About 23 miles from Decatur to Clinton has been completed;
remainder is expeoted to be completed by July 1, 1906. Stock is all
owned by the Illinois Traction Co. On June 30, 1905, made a temporary mortgage for $500,000 to S. H. Ewing and Jas. Tasker of Montreal, as trustees.

OFFICERS.-Same as those for Illinois Traction Co.— V. 81, p. 558.
(8) ST. LOUIS & NORTHEASTERN RY.—
O -qanization —incorporated in Illinois in 1901. Stock all owned
by Illinois Traction Co.

& Bonds—

Outstanding.
Stock
Maturity.
8tock, $1,000,000 ($100)
$1,000,000
Road.— Is bui ~ding 70 miles of road from Staunton to Edwardsville;
from Edwardsville to Granite City; from Edwardsville to East St.
Louis; and from Hidsboro to Staunton. Is expected to be completed
to Merchants Bridg® by March 1, 1906.
Officers —Same as those for 111. Traction Co.— V. 81, p. 156, 976.
(9) CENTRAL RAILWAY— A trolley road.
In 1904 aoquired the Peoria & Prospect Heights Ry.
Date.
Interest.
STOCK
Outstand'g.
Maturity
BONDS—
Stook, $1,260,000, $100
$1,050,000
let M., $750,000, gold, > 1895
5g.AAO
570,000 Apr.1,1915
($1,000)
o* S Interest atN. Y. Trust Co.,N. Y., trustee.
R oad—Owns 67 miles of track in and around Peoria.

&

Date.

Interest.

Controls the electric lighting and steam heating business of Urbana.
Stook, $100,000. Bonds, $51,500. Pres., W. B. McKinley; Sec, E. A.
McNutt; Treas., Geo. M. Matti s; Gen. M gr.. F. E. Fischer.
"

DAVENPORT, IOWA.

IOWA & ILLINOIS RY-A
Organization-— incorporated in Iowa
electric load,

Stock

&

trolley road.
in September, 1901.

Is

an

with a steam charter.

Bonds-

Date.

Com., $1,500,000 ($100)
Pref, $500,000, 6% n.
..
c, ($<00)
1st mtge. $2,000,000,
gold ($1,000)

.

Interest.

Outsland'g.

Maturity.

(?)
}

(?)

$

Jan. 1, 1924
1,050,000
cM Int. at Girard Trust Co., Phila., Trustee.
Bonds.— Of the $2,000,000 authorized. $500,000 are reserved for aoq-iiring other railways and $450,000 to provide for sieam railwayt
terminals and equipment at 80% of cost No sinking fund, but subjeo
to call on any interest date at 105 and interest. See V 82, p 100, 160.
Road —Operates 36 4 miles of track between Davenport and Clinton on private right of way. 70-lb. T-rail. Standard gauge. Has traffic
agreement for transferring passengers to Rock Island and Moline, 111.
OFFICERS-— Prest., Garrett E. Lamb; 1st Vioe-Prest Frank W. Ellis;
2nd Vice-Prest., Henry Thuenen; Treas., C. B. Mills; Sec, Russell B.
McCoy; Gen. Mgrs., A. L. Register & Co.. Philadelphia; Supt., P. P
Crafts.— V. 80, p. 1058; V. 82, p. 100, 160.
)

1904

5g J-J

,

RAILWAY-A trolley this
TRI-CITYit was proposed to consolidate road.company with the
In Feb., 1906,

& Suburban Ry., the People's Power Co. of Rock Island,
the People's Light Co. of Davenport, the Davenport Gas & Eleotrio
Co. and the Mississippi Valley Tr»ction Co. V. 82, p. 335.
Organization— Incorporated in September, 1895. April 15, 1899,
bought Moline Central Street Ry. of Moline, 111.
Date. Interest. Outstanding.
Maturity.
STOCK
BONDS—
Stock ($1,500,000 auth.)
$1,500,000 6% in '04-05
Tn City 1st mtg, $2,000,- > 1902 5 g.
536,000 Sept 1,1922
000 ($1,000) gold
$ Int at Germ'n Tr. Co.,Davenport,Trustee.
1891 6 g J - J 464,000 July 1, 1906, to
Dav.
R. I., 1st M., gold, .c* J
(Part due yearly) July 1, 1911
$1,000,000($500 & $1,000) I Int. payable inN. Y.atChaseNat. B'kand
in Chioago at 111. Tr. & Sav. Bk..Trustee.
I
Bonds—Of the new bonds of 1902 $464,000 are reserved to retire
prior liens.
5 per cent of the 1891 issue is due annually from 1901 to
1910 and the balance July 1, 1911.
Road Owns 66 miles of trolley road, comprising all the street railways in the cities of Davenport, Iowa, and Rock Island and Moline,
111.— combined population over 90,000.
Earnings— For year ending Sept. 30, 1901, gross, $403,884; net,
$157,717; interest and taxes, $43,810; dividends (6 per cent), $72,000;
balance, surplus, $41,907.
Officers— President, Edward E. Cook, Davenport; Vice-President,
F. C. A. Denkmann; Sec, Treas. and General Manager, J. F. Lardner,
Davenport, la.— V. 67, p. 802; V. 71. p. 964; V 82, p. 335.
Davenport

&

MS

1

&

—

.

CITY

DAYTON, OHIO.

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 Nov., 1903, common stock was iu creased from $1,500,000 to $2,400.000, of which $250,000 issued for extension and equipment;
$250,000 as a stock dividend; $400,000 unissued in treasury.
Date. Interest. Outstand'a. Maturity
Stock & Bonds—
Com. stock, $2,400,000 ($100)
$2,000,000 See text.
Pref. stock,
600,000
do do
$600,000 ($100)
6 p. c
Dayton & Soldiers' Home)
1891
6 J65,000 Jan.1,'11
RR. 1st mortgage
5 Interest at Chemical Nat. Bank.N. Y. City.
Dividends— in 1900, 6 p. 0. on both com. and pref.; in 1901, 6 p. c.
in 1902, 6 p. c; 1903, 6 p. 0. on both stooks; also, on the common, a
dividend of 16% p. 0. ($250,000 in new stook at par or in cash) was declared in Nov., 1903 (paid Jan. 1, 1904). In 1904, 6 p. con both
com. and pref .In 1905, Jan. and April, 113 p.c. on both com. and pref.,
on July 1 and Oct. 1, l 1^ p. 0. on preferred and 1% p. 0. on common. In
1905, Jan., l 1^ p. c. on pref. and 1% p. 0. on common.
Road— Controls and operates in all 28^ miles of track, namely, Third
Street Line, Fifth Street Line, Green Line, and Dayton and Soldiers'
Home Ry.; gauge, 4 ft. 8^ in; rails, 70 and 80-lb. T and 70 and 90 lb.

)
)

;

Vol. lxxxii.j
STREET RAILWAYS.
E. 67 and 50 G E. 800 motor equipments;
DAYTON LEBANON & CINCINNATI RR and sprinklers.
Reorgan'zation Plan—
prepared

32
operating 42 G.

girder:

100 motor

10

trail oars,

2
B. Corwin; Vioe-Pres., C. B. Clegg; 2d VicePres.. B. D. Grimes; Sec. Valentine Winters; Supt. and Puroh. Agent,
Auburn avenues, Dayton. V. 77, p.
T. E. Howell. Office, Wes'ern
2158, 22S0; V. 81, p. 31.
cars.

OFFICERS— President, D.

&

DAYTON COVINGTON & PIQUA TRAC-

TION.— A trolley road.

Organization— This was formerly known as the Dayton & Troy
name changed to the above in Aug., 1901. The D. <te 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 constructed from Dayton to Covington and Piqua. aoout 33 miles; 70 lb.
Trails. Company acquired the right to use the tracks ofthe People's
Traction, but

Ry. in entering city of Dayton.
Outttand'g. Maturity.
Date.
Interest.
STOCK AND BONDS—
8tk.auth. ($100), *600,000
$600,000
550,000
Pf.5°t) n.-o.($100),$550,000
450,000 Apr. 1,1922
1st mortgage, $550,000, > 1902
5g. A-O
gold ($1,000)
o* 5 Int. at Old ColonyTr. Co., Boston, Trustee.
8ee text.
30,000
2d mortgage, $60,000
6g. M-8
Bonds.— $100,000 1st mtge. bonds are reserved for extensions and
Improvements; 2d M. bonds are subject to call on any int. date at 105.
President, D. Dwyer; Gen'l Mgr., E. C. Spring. V. 77, p. 146.

DAYTON SPRINGFIELD & URBANA ELECRAILWAY-A troliey Jan.
TRIC of Appleyara roads. Onroad. 3, 1905, Myron H. Wilson
Is one
tiiH

Sehinidlapp wer<* appointed receivers of this company and
of the other Appleyard roads. The May and Nov., 1905. coupous on
let mtge. bonds were not paid. 8ee V. 80, p. 117, 222. These coupons
were bought by the Knickerbocker Trust Co. of New York for the reorganization committee. Koad was sold on Feb. 19, 1906. to the reorganization committee for $600,0(0, subject to the $750,000 bonds in
table below.
Rtorganizition— In March, 1905, W. B. McKinley, of Champaign,
111.; O. T. Martin. Chicago, and A. E. Loofte. Boston, were appointed
a reorganization committee with the Union Trust & Savings Bauk of
Cincinnati as depositary. V. 80 p. 1174.
Organization— Incorporated under the laws of Ohio on Oct. 7, 1895.
Franchise permits the carriage of freight and express matter. Owns the
stock of the Springfield & Western Ry., which is operated as an extension.
In Jan., 1903, leased the Urbana Bellefontaine & Northern
Electric Ry. for 30 years, and guarantees its bonds, principal and interest. Also owns entire capital stock of the Kenton & Southern Ry.
and guarantees the bonds, principal and interest.
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
Common, $500,000($100)
$500,000 Feb.l5,'03,lp.c
1,000,000^5%?
1,000,000 Aug.l5,03,liaO
/o

and

J. G.

&

cum-

see text. ($1(0)
1st M. ($750,000), gol-d,

M-N

Nov. 1, 1928
Trust Co., N. Y., Trustee.
Stock <£ Bonds— A. supplemental mortgage executed to New York
Trust Co. In 1900 covers additional property acquired and provides
for a sinking fund, but bonds must be presented and stamped to become subject to its provisions. Sinking fund is 5 p. o. of gross earnings beginning with year ending Nov. 1, 1905, and bonds are subject
to call at 110 and int. after that date. See V. 71, p. 390. Preferred
Btock is 5 p. o. cumulative for two years and 6 p. c. after Jan. 1, 1906.
Dividends— First div. of 2 p. o. paid Jan. 29,1902; also Aug. 15 2
In May, 1903, $1,000,000 of common
p. c. In 1903, Feb. 15, 1 p. c.
stock was converted into pref. stock and 1^4 p. c. dividend paid on
latter May 15, 1903, and on Aug. 15, 1*2 p. c. was paid. None since.
REPORT— Of D. s. & U. only, for year ending Deo. 31, 1905, gross,
$223,605.
Road— Has 12 miles of track in Springfield, 2^ miles in Dayton and
2*s miles in Urbana; also 40 miles between the cities; total 57 miles.
All completed in March, 1901. Private right of way over most of entire line, following turnpike 90 and 95-lb. girder rails used in cities
elsewhere 70 and 75-lb. T-rails gravel ballast; 21 oars.
Office at Springfield, O.— V. 80, p. 117, 222, 1174; V. 81, p. 1436; V.
(

c&r)

$1,000

1898

5

g,

Int. at N. Y.

;

The plan
by the reorganization
committee provides lor the sale of the ro»d under foreclosure and the
formation of a new company with $1,000,000 stock and $300,000 of
20- year first mortgage 5 p o. gold bonds, redeemable within ten years
at 105; thereafter'at par. Bondholders are to receive 50 per cent of
their holdings in stock of the new company, the old stockholders getting nothing; bonds of the new company to be sold for cash at 90 or
above to supply needed capital for extensions and expenses of reorganization Stock of the new company is to be deposited with the
Cleveland Trust Co. as trustee for 5 years, but may be terminated by
the committee at an earlier date.
interest due March 1, 1905, on the bonds being in default and road
in hands of a receiver, a bondholders' oommittee was appointed (see
V. 80. p. 1478) which requested deposits of bonds, under a protective
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.

Organization— Organized in Ohio and Is one of tho Appleyard roads.
Connects Dayton and Lebanon. Operates 35 miles of track, all
In operation except Dayton terminal. Was intended to form part of a
Ithrough line from Columbus to Cincinnati, 122 miles, entirely over
private right way, the whole steam railroad construction.
Date. Interest. Outstanding.
Maturity.
Stock and Bonds—
Stock, common, $1,500,000
$1,500,000
($100)
\
Pref. 6% non-cumulative,
1,000,000
$1.000 000 ($100)
S
1st mortgage, $2,000,000, > 1901 5 g., M-8
2,000,000 Sept. 1, 1921
Int. at N. Y. Trust Co.. N. Y., trustee.
c* <
($1,000) gold
Bonds— Were Issued to extend the line to Dayton and to Clnci onati and
to equip for both electricity and steam. Are subject to call in 1906 and
at any time thereafter at 110. Sinking fund is 5% of gross receipts,
beginning with year ending Sept. 30, 1907. Mortgage covers 22 acres
of terminal property in Dayton; also about 27 acres of land at Lebanon Junction Station
OFFICERS— Pres. and Gen. Mgr., Theo. Stebbins, Columbus;
Frank Brandon —V. 80, p. 1478; V. 81, p. 1242, 1436.

DAYTON & MUNCIE TRACTION

8ec'y,

CO--

Organization— Incorporated in Ohio and Indiana in 1902.
Outstand'g.
Interest.
Maturity.
STOCK & Bonds— Dale.
Stock, $800,000, $100
$800,000
5 g. J.-J.
1st Mtge $800,000, > 1903
800,000
July 1, 1928
gold ($1,000). ..o* 5 Int. at Union Sav. Bk. & Tr. Co., Cinn., Trustee.
Bonds— A sinking fund of a certain amount per annum commences
after 5 years. Bonds are subject to call after that time at 105.

Road— Operates 46

miles of track from Greenville, Ohio, to Munoie,

with

Ind.; s'andard-gauge; laid

'0-lb.

T

rail.

OFFICER?— President, H. O. Klefaber; Vice-Pres., J. E. Lowes; Sec.
and Gen. Mgr., J. E. Felght; Treasurer, W. B. Gebhart.-V. 81, p. 613.

DAYTON & NORTHERN TRACTION

trolley road.

CO. -A

Organization— Incorporated in Ohio in 1900, to transport xiassengers, freight, baggage, mail and express matter, and to supply electricity for light, heat and power. In Jan., 1905, Issued $100,000 preferred stock to provide for floating debt.
Date. Interest. Outstanding.
Maturity.
STOCK & Bonds—
Common, $450,000
$450,000
Pref., $100,000, 5% cum
100,000
450,000 March 1, 1925
1st mtge. $450,000 gold < 1901 5 g, M-S,
Q*\
Int. at Central Trust Co. N. Y.. Trustee.
($1,000)
Bmids— Are subjeot to call at 105 and Int. on and after Mar. 1, 1906.
Road—Operates 39^ miles of track, from Dayton to Greenville.
Mostly private right of way, remainder 25-year franchises. Standard
gauge; 70-lb. T-rails.

Officers President, H. C Kiefaber; Vice-Pres., J. E. Lowes; See
ana Gen. Mgr., J. E. Feight; Treas., W. B. Gebhart.— V. 75, p. 76.

;

82, p. If 0.
/
v

1

\
'

SPRINGFIELD

<fe

WESTERN

RY—A trolley road

incorporated

In Ohio.

The June and Dec, 1905, coupons on 1st mortgage bonds are in default. They were purohased by the reorganization committee, Through
the Knickerbocker Trust Co. of New York.
Date.
Interest. Outstand'g.
Maturity.
Stock
BONDSStock, $250,000 ($100)
$250,000

&

1901
155,000 Junel,1921
5g. J-D
payable at N. Y. Trust Co., N. Y., trustee.
p & i. bv E)ayt. Springf. & Urbana by end.
Bonds— $95,000 of the bonds are reserved for extensions, at
at the rate of 75 p. c. of actual cost. Sinking fund is 5 p. o. of gross
earnings (beglrnlng with year ending Aug. 31,1906), to Aug. 1, 1919.
After June 1,1906, bonds can be called at 110 and int. on any int. date.
See V. 73, p 288.-V. 73, p. 288; V. 78, p. 1550.
.
(2) URBANA BELLEFONTAINE & NORTH. RY.— A trolley road.
In March, 1905. J. G. Schmidlapp of Cincinnati and Myron H. Wll
son of Cleveland were appointed receivers, the Feb., 1905, interest on
the bond* being in default. V. 80, p. 1175. A bondholders' oommittee,
consisting of James A. Packer aEd 8enj. Fisher of Boston and
Jos. S Rawfon of Philadelphia, was formed Jan. 28,1905 and has
$476,000 bonds on deposit. Road is to be sold on Feb. 24, 1906,
under foreclosure of moitgage.
1st mtffi

nom

*250000^

Int
f7w { Guar

o*i
(itu.uuu), „ ,
g., s.i.osr S

-

Organization— This company is leased to the Dayton Springfield
Urbana Electric Ry, which company guarantees the oonds, both principal and Interest, and owns practically all the stock.
Date. Interest. Outstanding. Maturity.
STOCK & BONDS—
Stoch, $500,000, $100
$500,000
...

<fe

1st mort. $500,000, guar.
($1,000) gold

1902

5

.

FA

500,000
1922
Co., N.Y., Trustee.
Bond*— A sinking fund of 5 per cent of gross earnings commences
after 5 yearn. Bonds are subject to call in 1907 at 110.
ROAD- Operates 3 miles of track In the city of Bellefontaine and 18
miles between the cities, over private right of way.
—V. 78, p. 1551; V. 80, p. 117?; V. 82, p. 162.
(3) KENTON & SOUTHERN RY.-To be a trolley road.
The Feb., 1905, coupon on 1st mortgage bonds was rot paid. A
bondholders' committee, consisting of Albert Stone, Richard L. Austin
and Homer D. Mesxick, requested deposits of bonds with the Cleveland Trust Co., the Nat Bank of the Republic of Boston or the Girard
Nat. Bank of Phila lelphia as depositaries. About $500,000 of the
)

<

Int.

g.

atN. Y. Trust

bonds are on deposit.
Organization.— Incorporated in Ohio on Jan. 9, 1903. Entire capl
tal stock Is owned by the Dayton Springfield & Urbana Ry., which company guarantees the bonds, principal and Interest. Is to do a freight
and express business as well as passenger.

Stock

&

Bonds—

Stock, $600,000 ($100)
1st mortg., $600,000,

Date.

Interest.

Outstand'g.

$600,000

Maturity.

..

.

5 g. F-A
600,000
Feb. i, 1923
g. ($1,000), gu...e*&r<
Int. at N. Y. Trust Co., N.Y., trustee.
Bohds.—A sulking fund of 5 p. c. of gross earnings becomes operative after 5 years, at which time bonds are subject to call at 110.
Road— Is to operate 27 miles of track in and between Kenton and
Bellefontaine over private right of way. laid with 70-lb. T rail, standard gauge. 2h miles of track in Kenton is completed.
—V. 76, p. 654; V. 78, p. 1549.
)

1903

DAYTON & TROY ELECTRIC RY--A trolley road.
Organization.—Incorporated in 1900. Is built entirely on private
way. Completed in December. 1901.
Rails 701b. T.
Powerhouse located at Tippecanoe City, Ohio. Stock, $500,000 ($100)
common, and $500,000 ($1C0) preferred; cumulative 5 per cent. No
bonds contemplated. In May, 1902, took over the Miami Valley Ry.
under a 99-year lease at a rental of $9,600 per annum, which is applicable to the stock of $300,000, mortgage having been canceled.
right of

Dividends.—On the preferred stock 5 p. o. per annum is being paid.
1, 1904, 2 p. c; in 1905, Jan., 3 p. o; July 1 , 1905, 1
p c. was paid, and 1 p. o. was again paid on Aug 1, 1905.
ROAD— Owns and operates 30 miles of track (10 miles double, 10
miles single) between Dayton and Troy. Leases the Miami Valley Ry.,
extending from Troy to Piqua and comprising 17*3 miles of track.
Total track, 47^ miles.
OFFICERS-—President, Valentine Winters; Vice-Pres. and Gen. Man.;
H. P. Clegg; Secretary, Chas. B. Clegg; Treasurer. J. H. Winters!
General office, Dayton, Ohio.- V. 76, p. 653, 751, 1029.

On oommon Jan.

DAYTON & WESTERN TRACTION-Trolleyroad.
On Jan.

16, 1904, stock was increased from $800,000 to $1,300,000,
indebtedness incurred in extending line to Richmond, Ind.,
etc. V. 78, p. 342. New stock was sold to shareholders at par.
Interest. Outstand'g
Last Div.
Date.
BONDS—
STOCK
Stock, $450,000 (par $1001
$450,000 Jan., '06,2%
Q.-J.
Do pref., $850,000, 5 per)
QKnonnf Jan., 1906.
n T
y_J
«&o,ooo
cent, cum. ($100)
\
j
p
DiDMiendj'.— Quarterly dividends of 1*4 per cent are paid on preFirst dividend on common Jan., 1904,2 percent; in 1903
ferred.
2 per cent. In 1906, Jan., 2 per cent.
Road— Dayton, Ohio, to Richmond, Ind., 40 miles, with branch from
New Westville to New Paris, 2ig miles; total, 42*9 miles. At Richmond connection Is made with Richmond St. & Interurban Ry.), thus
making a through line from Indianapolis, via Dayton, to Columbus, a
distance of 184 miles. V. 77, p. 298,.
OPFiCERS— Pres. and Gen. Mgr.. V. Winters; Vice-Pres., Chas. B. Clegg;
Sec, J. H. Winters; Supt., Geo. W. Bothan.— V. 78, p. 286, 342.

pay

to

off

&

m

-

.

.

DAYTON & XENIA TRANSIT CO.-Trolley.
in 1901, asa consolidation of the DayXenia Traction and the Rapid Transit Co. of Ohio. The Dayton
& Xenia Traction had in 1899 purchased the Dayton Spring Valley
Wilmington Transit Co.

Organization— Incorporated

ton

it

<St

&

Stock

Bonds—

Date.

Stock, $800,000

Interest.

Outstand'g.

Maturity.

$800,000

5 g. A-O
April 1, 1921
500,000
£
gold ($1,000). ..c* 5 Interest at Old Colony Trust o., Boston, Trustee.
April 1, 1921
5 g. A-O
3< 0.000
2d mort >MOO,ooo. * 1901
*300 000
{ Worcester (Mass.) Trust Co., Trustee.
Earnings—Tho gross earnings for the year ending December 31,
1905, weie $112,000.
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
private right of way.
Extensions contemplated.
OFFICERS— President. Clement J. Ferneding; Vice- Pres.. H. ',. Fernedtng; Treas., Edward Canity; See., O. o.Ozlas. Offioe, Dayton, Ohio
-V. 73, p. 82; V. 74. t>. 205; V. 78. p. 820
1st mort.,.1500,000,

1901

(

i

,

:

STREET RAILWAYS.

Feb., 1906. J

PEOPLE'S STREET RAILWAY.-Owned by the
of he latter under Philadelphia.

American Rye. Co.— See stateme nt

t

DENISON, TEXAS.

,i3

—

&

Date.
Outstanding.
Maturity
Interest.
BONDS
Stocks
$500,000
Stock, $500,000. $50
1905
Mch.1,1935
5 g. M-S.
250.000
1st mtge , $250,000)
Pittsb.Trustee.
gold ($100) o*
s Int. at East EndSav.&TrustCo
BOND9— No sinking fund and bonds are not suojeot to call.
Road— Operates 7 miles of track.
Officers— Pres., Jos. Keeling; Sec'y, A. P. Meyer; Treas., J. G. Vilsack. V. 80, p. 1176; V. 82, p. 50.
,

DENISON & SHERMAN RY. -A trolley road.
Organization— Incorporated in Texas on August 27, 1900.

Commenced operations May 1, 1901. Franchises, 50 years in cities.
stock was inPrivate Ti«ht of way between cities. In Sept 1905,
,

creased from $200,000 to $300,000.

Stock & Bonds—

Date.

Interest.

Outstanding.

>

,

Organization— A consolidation In 1893 of the Des Moines Street
RR. and the Des Moines Suburban Ry. Co. Is authorized to carry
freight. Franchise considered perpetual. Guarantees the Interurbau
Railway Co. bonds— prlnoi pal and interest. See below.

Stock

>

U

net. $43,908.

OFFICERS-President and Treasurer, J. P. Crerar; Vice-President
John Crerar; Secretary, H. H. Barde. Principal office, Denison, Texas.
-V. 76, p. 1192; V. 81, p 613.
.

DENVER, COL.

DENVER & NORTHWESTERN RY.-An
road.

eleotrio

Organization.— Incorporated In June, 1901. Operates an eleotrio 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

Total track, 25 27 miles. Gauge. 3 ft. 6 in.; 75 and 80 lb. T
105 cars. Franchise in Denver runs for 50 years; in Golden for
99 years; on countv roads Is perpetual. Remainder is over private
right of way. In May, 1902, obtainsd control of the Denver Tramway Co., tlirough exchange of its securities for the stock of the same.
See terms in V. 74, p. 1038. Practically the whole issue of Tramway
stock has been exchanged and is deposited as collateral under the new
mortgage.
Maturity.
Date. Interest. Outstanding.
Bonds—
Stock
Stock, $6,000,000 ($100)
$6,000,000
6,000,000
May i", 1933
1st & coll. mort, g., *6,- ) 1902 5 g. M-N
000,000 ($500 and $1-, > Int. at Mercantile Trust Co. N.Y., trustee;
o* )also office of company in Denver.
000
Bonds. Can be called on any interest day at 105 and interest upon
80 days notice.
Officems— Pros S. M. Perry; Vice-Pres. and Gen. Supt John A.
Beeler. Treas., Thos. Keely; Sec, F. G. Moffat.— V. 74, p. 1037.
1904.

rail;

&

,

,

(1)

DES MOINES CITY RAILWAY-A trolley road.

'

'

•

DES MOINES, IOWA.

Maturity.

$200,000
July 1, 1927
250.000
. t
J.-J.
5
Ml, nnnn ( 1902
350 00 ° Illinois Tr. & Sav. Bank. Chic & W. H Henkle,
lB
\
L, £$[' S
o£ trustee Interest at N. W Harris & Co.
($1,000)
July 1,1912
50,000
Q.-J
6
ge * 50 000 Interest
2d n0
5
J ™n?
(*>i VK}V
(
Chicago, and W. H. Henkle, trustees.
Bonds— In»erest payable in New York and Chicago. First mortgage
bonds are subjeot to call on July 1, 1917, or after, at 105 and interest.
A sinking fund begins July 1, 1905, of 2 p. o. per annum of bonds outstanding until 1913, when amount payable is 3 p. o. per annum until
1926,
1917; from 1918 to 1922, inclusive, 4 p. o. per annum; 1923
Inclusive, 5 p. o. per annum.
miles between Demson and
Road— Operates 16*fl miles of track (8^
Sherman and 8 miles In the oities). 60-lb and 70 lb. T rails. Also
owns 45-acre park (situated midway between the two oities) whloh has
usual pavilions, base-ball ground and race track.
Earnings—Twelve months ending April 30, 1905, gross, $104,591;
Stock, $300,000, $100

DENVER CITY TRAMWAY COMPANY.— Electric.

In May, 1902, the Denver & Northwestern Ry. obtained control, exchanging its securities for Denver City Tramway stock. See V. 74,
p. 1038.

ORGANIZATION-— Chartered in Colorado In January, 1899. Is successor to the Denver Eleo & Cable Ry., the Denver Tramway Co., the
South Denver Cable Ry., tbe 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 Tiadion Co., the
Colfax EJeo Ry. and the Denver Globeville & Golden R-pid Transit
Co. A blanket franchise was granted Feb. 5, 1«85, without time
limit. In July, 1899, the City Council passed an ordinance repealing
this blanket franchise, but only in the case of unoccupied streets.
Maturity.
Interest.
Outstand'g.
STOCK AND BONDS— Date.
Stock $5,000,000 ($100)
$5,000,000 In 1905,6%

Denver Tramway

6 g. J.-J.
498,000 July 1, 1908
Consol. M., gold.. O\fer.l890
6 g. J.-J.
1,219,000 Jan. 1, 1910
Met. St. RR. 1st, gold.. .1891
953,000 Jan 1,1911
6 g. J.-J.
Denver Con. Tramway ^ 1893
5 g. A.-O. a 1,167,000 Oct
1, 1933
Con.M. ,$4,000,000, g S Interest at Mercantile Trust Co., N. Y, trustee.
Purchase money mort.< 1899
Apr. 1, 1919
5 g A ._
2,000,000
g,$2,000,000($1.000 Int. at Central Trust Co., New York. Trustee.
and $500)
o*
a No more bonds can be issued under this mortgage.
Bonds— Interest on all un derlying bonds is payable at Mercantile
Trust Co., New York, and in Denver. The new mortgage is a first 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 Tramway consol. M. of 1893, V. 52, d. 354.
Road— Owns 156 53 miles of eleotrio track. Gauge 3 ft. 6 in., 45 to
75 lb. T rail; 314 cars, of which 238 motor cars, 45 trail cars and 31
ml scel!aneou6. 10,410 H. P. station.
Dividends-— Dividends of 6% per annum are paid.
Earnings— For calendar year ending Deo. 31
1st,

g.1888

.

a

i

.

Surplus.
Gross.
Charges.
Net.
$1,941,310
$826,840
$318,550
$508,290
OFFICERS—President, Wm. G. Evans; Vice-President and General
ganager, John A. Beeler; Sec. and Treas., Thos. Keely.— V. 77, p. 88.
(«) DENVER TRAMWAY POWER CO.
Organization.— Incorporated in Colorado. This company Is leased
for 20 years from April 1, 1903, to the Denver Tramway Co., the
latter guaranteeing the bonds, both principal and Interest, guaranty
being endorsed on the bonds. Entire stock is owned by Denver City

1904

Tramway.
STOCK & BONDS—

Date.
Interest. Outstanding.
Maturity.
Stock, +500,000 ($100)
$500,000
1st
Mtge.. $400,000,J190l
5 J.-J.
240,000 July, 1, 1921
guar.. $1 ,000. gold
{International Trust Co., Denver, trustee.
1st lmpt.M.. $1,500,000 J 1903
5 g. A..-O. $1,005,000 Apr. 1, 1923
i
g. ($1,000), gu. p.
) International Trust Co., Denver, trustee.
Bonds.— Of the $1,500,000 1st impt. mtge. authorized, $240,000 are
reserved to retire the 1st mortgage on July 1, 1906 (the impt. mtge
stipulating that these must be paid off at that date) and remainder for
future improvements at cost. Are subject to call on any interest
date after Apr. 1, 1 908, at 105 and interest. A sinking fund of $50,000
per annum commences Apr. 1, 1908, which will be used tor redemption ot the bonds at 105 and interest. This also is guaranteed by Denver City Tramway. Interest is payable In New York and Denver. 1st
mtge. bonds are subjeot to redemption after July 1, 1906, at 105. See
V. 76, p. 1300.
Plant.— Furnishes ail power for the Denver Tramway Co. Capacity
of plant, 8,250 k. w., with an over-load of 10,500 k. w.
Officers.— President, Wm. G. Evans; Vice-Pres. & Gen. Mgr., John
A. Beeer; Sec.
Treas., Thos. Keely. -V. 76, p. 1300; V. 77, p. 88; V.
*
80, p. 871.

&

.

&

DERRY, PA.
WESTMORELAND COUNTY on Dec. CO.
RY.
Pennsylvania
Organ. zation— incorporated
1904.
In

a consolidation of the Bradenville
& Derry St Ry.

& Derry St.

SS7,

&

Bonds—

Date.

Interest.

Stock, com., $3,000,-)
000 ($100)
$
Pf. stock, 6 p. c.non- j

Outstand'g.

Maturity.

$1,055,000

250,000
oum., $250,000
5
1889
6g.A-0
390,000 Oct.l,1906,to
D. Mo. St. RR. lstM.,5
($25,000 due yearly) Oct. 1, 1919
gold, $1,000 eacn... American Tr. & Sav. B'k Chicago, Trustee.
£
6g-J"J
262,000
Jan., 1906
Des Moines Sub Rv f 189 °
1921
($20,000 due yearly) to
lrt mmtSuM ' g
mS" Interest at Chemical National Bank, Jan., City.
N.Y.
„* I
*? ™5?V?,?i?
»i,ooo eacn
o ^ Trustee, Iowa Loan & Trust, Des Moines.
1901
5g.A-0
2,058,000
30,
n Mo ntv Rv ref f Infest at N.W. Harris & Co.,N.Apr.City; 1921
Y.
also
$000000 J Chicago. Trustees, Illinois Trust & Savings
«*
«b?7m&i
c I
g. ($i,ooo)
^
Bank and
H Henkl6 0( Chicago.
Bonds—Ot the new mtge. bonds of 1901, $882,000 were originally
reserved to retire the underlying sixes then outstanding. Of the
$2,058,000 58 reported outstanding, $5,000 have been deposited with
Illinois Trust & Savings Bank to be held in lieu of $4,000 Des Moines
City Railway 6s still out. Bonds can be called on any interest datejon
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 remaining 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, inoluding those to be issued.
Road.—Operates 65 miles of track on 37 miles of street, in addition
to private right of way. Standard gauge; 35 to 85 lbs. T and girder

™^
?

'

Wm

;

114 cars.
Officers— Pres.,

rails.

J. 8. Polk; Vice-Pres., G. M. Hippee; Sec, A. G.
Maish; Treas. and Gen. Man., Geo. B. Hippee; Sup't, A. G. Maish. -V>

76, p. 265, 330; V. 77, p. 769; V. 79, p. 1266, V. 81, p. 1043.

INTERURBAN

RY.-A trolley road.

Organization— Incorporated In Iowa to construct a system of interurban 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, principal and int.

&

Date. Interest. Outstanding.
Maturity,
STOCK
BONDS—
Stock, $1,000,000 ($100)
$541,000
1st Mortgage.s'kg.id,)
1901
5 g. A-O
718,000
Apr. 1,1921
gold ($1,000), guar. lAraer. Trust
Savings Bk., Chicago. Trustee.
& I. by Des Moines f Interest at N. W. Harris Co., New York and
Chloago.
S.ItyRy
o*j
Bonds— Other bonds may be issued for acquisitions and extensions
at not over 80 p. o. of cost, and at not over $16,000 per mile for new
road, but only when net earnings equal 1 *« times all interest charges
on bonds outstanding and those to be Issued. Bonds are subject to
oall on and after April 1,1906 at 105 and interest, when & sinking fund
of 5 per cent of balance of annual net earnings after payment of all
charges becomes operative, and bonds so purchased are to be kept
alive for purpose of the fund.
ROAD—Connects Des Moines and Colfax, 24 miles. Also operates
10 miles in and around Des Moines; total, 34 miles. Is being extended!
to Woodward and Perry, 30 miles. Standard gauge; 60 and 70 lb.
rail. Cars enter Des Moines over tracks of Des Moines City Ry.
OFFICERS—President, H. H. Polk; Vice-President, A. W. Harris; Sec
retary, W. I. Haskit; Treasurer, Geo. B. Hippee.— V. 74, p. 630.

&

<Sr.

T

DETROIT, MICH.
DETROIT UNITED RAIL, W AY.
34). Trolley.

-(See

Map page

In Feb., 1906, issued the $1,000,000 notes in table below, for the
purpose ot acquiring the entire stock of the Detroit Monroe & To
ledo Short Line Ry. V. 82, p. 392.
Organization.— Incorporated in Mich. Dec. 31, 1900, and took over
franchises and properties of the Detroit Citizens' Street Railway, the
Detroit Eleotrio Railway, the Detroit Fort Wayne & Belle Isle and the
Detroit Suburban. V. 72, p. 44, 183. Embraces all the street railway
lines in Detroit.

Later absorbed by purchase the Detroit & Northwestern Ry., whicto
known as the Orchard Lake division, the Detroit & Pontiao Ry
known as the Pontiao division, the Wyandotte & 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 capital stock ($2,000,000) of the
Detroit & Port Huron Shore Line.
In Aug., 1901, purchased 2,970 shares (all) of the stock of the Sandwich Windsor & Amherstburg Ry.; 180 shares (all) of the stock of th©
City Electric Ry. and the People's Electric Light plant of Windsor, Ont
Date.
Interest.
Outstand'g.
STOCK
BONDS—
Maturity.
8t
$l 2 500
Q" F
$12,500,000 Feb., '06, Hi?*,
$ro6 .°?.'S
lstoons'oi." M.,$25,->
1902
4^g. J-J 11,367,000
Jan. 1, 1932
000,000, gold ($1,- } Guaranty Trust Co., N. Y., Trustee.
000)
o* ) Int. at Kean. Van Cortlandt & Co., New York.
1906
5 ««*
1.000,000
March 1, 1909
Noted $d,ooo,ooo..
JNOtes, <B3 000 OOO I
^ Redeemable after 1 year at par.
Detroit United Railway stock and bonds have been listed on the New
York Stock Exchange also Detroit Citizens' Ry. consol. 5s.
Bonds-Ot the $25,000,000 authorized, $9,020,000 are reserved to
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 qn 60 days' notice. See V. 73, p. 1111.
Is

&

'

'

M

;

DETROIT CITIZENS.
Guaranteed under terms of lease :—
Det. Suburban Ry„ ) 1893
5 J-J
$140,000
Jan. 1, 190»
1st mort., $250,000, \ Trustee, Union Trust Co., Detroit.
($1,000) g
.o" ) Unissued bonds have been oanoeled
DETROIT ELECTRIC.
Detroit Railway—
Date.
Interest. Outstanding.
Maturity,
1st M., g. ($1,000), on< 1895
5g. J-D
$1,800,000 Deo. 1,1912
A

56-34 miles
c &r. {Int. at Cleveland Tr. Co., Trus.
to 1924.
Det. Elec. Con. M., $2,800,- J 1896
5g. J-D
1,000,000 June 1,1916
000, gold ($1,000) . .o*&r \ Int. at Cleve. Tr. Co., Trustee. As to Dec.,
1897, interest, see V. 65, p. 1219.

Bonds— First mortgage bonds of the Detroit Ry. numbered 1 t»
In order of numbers at $50,000 per annum, beginning
Deo. 1, 1912; numbers 601 and above mature Deo. 1, 1924. Detroit
600 mature

Is

Ry. and the Blairsvllle

Electric consolsfor $1,800,000 are reserved to retire the first inortgaga

bonds as they mature.

.

.

:

STREET RAILWAYS.

34

[Vol.

lxxxii.

MAP OF THE

DETROIT UNITED RAILWAY SYSTEM

i>

o

IXCLTTDIXG
Appleg

DETROIT & PORT HURON SHORE LINE RY.

£

(RAPID RAILWAY SYSTEM)

H

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life ^
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Jt4 1
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1

—

STREET RAILWAYS.

Feb., 1906.]

DETROIT PORT WAYNE & BELLE ISLE.
5*.A-0 $1,200,000 Apr.
<Rl->OOOOo( 1898
1 20O

*
iBtmtc- *" *
.«?V&i»
,$i,ooo)

'

'

DETROIT & LAKE

1928

1,

„ r N. Y. Trust Co., Trustee.
o ,^ (8ub
j t0 oall at $105 & int on 60 d no ti
£

Van

Interest at Kean,

DETROIT

<fe

e.)

York.
NORTHWE8TEBN BY.

4isg.M-N $855,000 May 1, 1921
1st mtg., $1,000,000, g.,) 1901
o*. S Int. at Union Trust Co., Detroit, Trustee.
$100, $1,000
Bonds— Are guaranteed prinoipal and interest by the Detroit United
Ry. by endorsement and are subject to oall at 105 and interest on 60
days notice after May 1, 1911. See V. 73, p. 494.

'

^

Int at state Saving8 Bank Detroit.
£
$600,000 June 1,1926
IstCon. M.,g., ($1,000)) 1901
$1.100,000
c*rs Int. at Washington Trust Co., N. Y., Trustee.
Bonds— $500,000 consolidated mortgage 4^ p. o. bonds are reserved
to retire like amount of 1 st mortgage bonds. Bonds are subject to call
at 105 and interest on 60 days' notice after Judo 1, 1911. Prinoipal and
interest of both Issues guaranteed by Detroit United by endorsement.
WYANDOTTE DETBOIT RIVER RY.
5g.J-D
$425,000 Dec. 1, 1918
lstconsol.M., $425.000, ) 1898

%./-D

<fe

Union Trust;Co., Detroit, Trustee.
DETROIT A FLINT RAILWAY.
Organization— The Detroit Rochester Romeo Lake Orion Railway
purchased the property of the Detroit Lake Orion <fe Flint Railway.
The Detroit & Flint Railway was organized to acquire the Detroit
Rochester Romeo & Lake Orion, together with the North Detroit
Electric Railway and the Detroit Utioa & Romeo Railway. The consolidated mortgage is a tirst lien on these last two properties.
$1,000, gold

c*

s

Int. at

<fc

Maturity.
Date. Interest. Outstanding.
D. R. R. & L. O. Ry. 1st mtg., ) 1900 5g.J-D $1,100,000 Junel.1920
S. F. gold ($1,000) $1,500,- Int at American Trust & Savings Bank,
Chicago, Trustee; also Guaranty Trust
000; unissued bonds hare
Co., New York.
been canceled
c* j
$1,400,000 Aug. 1, 1921
Det. & Flint lstconsol.M.,) 1901 5g.
g. $3,000,000 ($1,000). .o* S Int. atTr. Co. of Amer., New York, Tr.
Bonds.— Of the consolidated mortgage $1,100,000 are reserved to
retire bonds of like amount of the D. R. R. & Lake O. Ry. and $500,000
have been canceled. Consolidated bonds are subject to call at 100 and
Both Issues are
Interest after August 1, 1911, on 60 days' notice.
guaranteed by the Detroit United Railway; see form of guaranty In
V. 76, p. 1300; as "additional collateral security" on the Flint bonds.
1st consol. 4*3 p. o. 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 & Flint bonds.
REPORT.—Annual report for the year ending Deoember 31, 1905,
was published in V. 82, p. 388.
I

j

POET HUBON

DETBOIT UNITED BAILWAY, BAPID BAILWAY SYSTEM AND SANDWICH
WINDSOB AMHERSTBURG RAILWAY COMBINED.
1905
1904.
1903.
<fc

Gross earnings
....$5,125,563 $4,541,805 $4,386,975
Oper. expenses, Including taxes... 3,041,523 2,763,092 2,613,977

Net earnings from operation
Income from other sources

$2,084,040 $1,778,713 $1,772,998
44,076
42,777
88,863

Income from all sources
$2,128,116 $1,821,490 $1,811,861
Deductions—
Int. on funded and floating debt.. $1,113,294 $1,075,786 $1,000,001
Dividends
562,500
500,000
500,000
$1,675,794 $1,575,786 $1,500,001

Surpluslnoome
$452,322
$245,704
$311,860
The combined system carried 99,137.558 revenue passengers in
against 88,434,831 in 1904 and 28,020,945 transfer passengers,
1905,
against 24,207.211.
Dividends— First dividend of 1 per cent on Detroit United stock was
paid March 1, 1901, and 1 per cent quarterly thereafter until Aug.
1, 1905. when rate was raised to 1V± p. c. quarterly. On Nov. i,
1905, 1H p e. In 1906, Feb., IV* p. c.
ROAD.— On Jan. 1, 1906, operated 389-74 miles, as follows: Detroit
United, 194 571miles; Wyandotte &>Detroit River Ry., 11-53; Detroit*
Northwestern, 58-99; Detroit & Pontiao, 38-76; Detroit
Flint, 85-89;
total, 389-74. This is independent of the Detroit & Port Huron Short/
Line, which is separately operated, and comprises 126-61 miles, and of
the Sandwich Windsor & Amherstburg Ry., 25-18 miles, making altogether 541-537 miles owned and controlled. Rails, 77, 85 and 98-lb.
steel. Does an express service.
Has 741 closed and 340 open cars,
6 sprinkling cars, 134 freight and construction cars, 11 line cars, 20
express cars, 6 miscellaneous cars, 3 steam locomotives, 1,989 motors
and 1,484 trucks.
OFFICERS— Chairman of Board, H. A. Everett. Cleveland; President
and General Manager, J. O. Hutohins, Detroit; Vice-President, Arthur
Pack, Detroit; Treasurer, George H. Russel, Detroit; Seoretary,
Edwin Henderson, N. Y.; Assistant Secretary, A. E. Peters, Detroit.
General offices, 12 Woodward Avenue, Detroit.— V. 79, p. 2455, 2587,
2696; V 80, p. 650, 708, 1058. 1111; V. 81, p. 613, 1043, 1848; V. 82,
p. 333. 392.

&

CLAIB A MARINE CITY BAILWAY.

ST.

Date.

1st mort.,g., $300,000)
S
($500 & $1.000)

1900

Interest.

Outstand'g.

5 M-8

$3,000

Maturity.

Men.

1,

1920

Union Trust Co., Detroit, trustee.
The remaining $297,000 bonds have been canceled.

ROAD—Total Det. Port Huron system, 126*61 miles.
Earnings— Now included in report of Detroit United Ry.
<fe

Officers— President, J. C. Hutchins; Vice-President, F. W. Brooks!
Secretary, A. E. Peters; Treasurer, Geo. H. Russel.— V. 77, p. 134.

SANDWICH WINDSOR & AMHERSTBURG RY.—Trolley.

(2)

Organization— Incorporated under special charter from Province
of Ontario. Entire capital stook is owned by the Detroit United.
Date. Interest. Owsland'q.
Maturity, Oiv'd
STOCK & BONDS—
July ?/,*02, 2i«%
$297,000
Stock, $350,000. $100
400,000
Dec. 1, 1922
Consol M., $600,000) 1902 4-o g. J-D
gold ($1,000) .c* S National Trust Co., Ltd., Toronto, Trustee.
Bonds— Interest is payable at the company's office. Are subject
-

.

to call after Deo.

1,

1912, at 105.

Earnings— Now included In report of Detroit United Ry.
Road— Operates 25-184 miles of track in and between Windsor, Walkerville, Sandwich and Amherstburg, including City Ry. of Windsoi
(2-52 miles), operated under lease.
Officers President, H. A. Everett, Cleveland; Vice-Pres. and Treas.,
J. C. Hutchins, Detroit; Sec, A. E. Peters, Detroit. —V. 75, p. 1303, 1400.

DETROIT MONROE & TOLEDO SHORT
LINE RY- stk. was acquired by Det. Unit. Ry. V. 82, 392.
In *'eb.,'06, entire
p.

Organization.— incorporated in Miohlgan on December 11, 1902.
Dale. Interest. Outstand'g.
Maturity.
STOCK & Bonds—

FA

(

1900

BONDS

DETROIT & POKTIAC BY.
5g.F-A
$500,000 Feb. 1,1922
C 1897
Washington Trust Co., N. Y., Trustee.

.„„„..„„„ v^nnnnn
.i^SEwSh*
c
$1 ,uoo, gold
1

ST. CLAIR BY. CO.
Interest.
Outstand'g.
Maturity.
5 g. A.-O.
April 1, 1920
$290,000
Lst MtgT, $400,000,
gold ($1,000)... c* S Interest at Union Trust Co.. Detroit, Trustee.
Bonds.—The bonds are guaranteed, principal and Interest, by the
Detroit & Port Huron Shore Line Ry., the Rapid Railway Co. and the
Detroit Mt. Clemens & Marine City Ry. They are not subject to call.

Dale.

BONDS-

)

& Co., New

Cortlandt

35

Stock, $3,000,000
$2,000,000
1st mortgage, $3,000,000, > 1903
2,000,000 Jan. 1, 1933
5g.
gold ($1,000)
c* S
Union Trust Co., Detroit, Trustee.
Bonds.— $1,000,000 are 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 to Detroit and 4
miles of road from Monroe to Lake Erie, completed Nov. 5, 1904. At
Toledo connection is made with the Lake Shore Eleotrio Ry. for Cleveland. Is of steam road construction, on private right of way; standard gauge, laid with 70-lb. T-ralls. Total track, 65-45 miles. It is
proposed to double-track the road some time in the future.
OFFICERS-— Chairman Ex. Com. C. J. Rellly, Detroit; Pres., Matthew Slusn, Detroit; Vice-Pres., <J. A. Blactt; Sec, E. H. Fltnn, Detroit; Treas., C. R. Hannan, Boston; Supt., w. B. Tarklngton, Monroe. -V. 78, p. 1961; V. 79, p. 2455; V. 82, p. 392.

DETROIT YPSILANTI ANN
JACKSON RY - common control with theARBOR &
This road
now held in
Jackson Consoliis

dated Traction Co., and the following managing committee for both
roads has been elected: (See V. 79, p. 269.) Walter C. Kerr, L. H.
Hole,
ST. Coler Jr., of New York;
Geo. C. 8mlth, Pittsburgh; J. D.
Hawks, S. F. Angus, of Detroit, and W. A. Boland of Jackson.
Organization—Organized in Michigan in 1901; absorbed by purchase the Detroit Ypsilanti & Ann Arbor Ry., the Ypsilanti & Saline
Electric Ry. and the Detroit <fe Saline Plank Road Co. Has trackage
over the Detroit United Railway.
Date. Interest.
Outstanding.
MaturitySTOCK
BONDS—
Stock, com. ($2,600,000)
$2,600,000
1st consol. M., $2,600,000) 1901 5g. F-A
1,610,000
Feb." i^ 1926
$500, $1,000) gold..o* 5 Int. at Detroit Trust Co., Detroit, trustee.
Ne(w mtge.. $600,000 ) 1906 5 g. F-A
600,000
Feb. 1, 1931
gold ($1,000)
c* s int. at Detroit Trust Co., Detroit, trustee.
D
A
tM 1897 6g.M-N
Nov. 1,1917
600,000
?i60o'6^of^ ($500 rt
$1,000 each) ...... . . . ) Merest at Union Trust Co.,Detroit, trustee.
Det. Yp. & Ann Ar. Cons. )
1st M., $1,000,000 gold [ 1899 6g.F-A
330,000
Feb. 1, 1924
($500 & $1,000 eaoh), [ Interest at Union Trust Co.,Detroit, trustee.

W

&

,

.'

s.

fcnp.

f.,

annualy

& Saline

M

1st

60,000

6 J-J

July

1,

1919

Stock and Bonds—Of the new 1st mtge. of $2,600,000, $990,000 are
reserved for underlying liens. First consols cannot be called. See V.
75, p. 666.
EARNINGS.—For 6 months ending Dec. 31, 1904, gross, $202,440;
net, $84,352.
Road— Completed and in operation from Detroit (through Wayne
and Ypsilanti) to Ann Arbor and to Jackson; making mileage 109
miles, of which 40 miles over private right of way. A branch to Dexter is under construction. Rails 70 and 75-lb. "f and girder. Does a
freight business.
Vice-Pres., S. F. Angus
OFFICERS— President, James D. Hawks
Sec.J A. L C. Henrv; Treas., S. F. Angus. Office, Majestic Bldg.,
Detroit.— V.
666; V. 79, p. 269; V. 81, p. 1723.
;

DETROIT & PORT HURON SHORE LINE RY.—A trolley road.
Entire outstanding oapital stock Is now owned by the Det. United Ry.

(1)

Organization.— Incorporated in May, 1900. Is a consolidation of
the Rapid Railway Co., the Det. Mt. Clemens & Marine City Ry. (the
purohaser of the properties of the Mt. Clemens & Lakeside Traction
Co. and the Detroit & River St. Clair Ry.), the Port Huron St. Clair &
Marine City Ry., the Connors Creek <fe 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 running through Mt.
Clemens, New Baltimore, Algonac, Marine City and St. Clair. Also
owns the capital stock of the Detroit & Lake St. Clair Ry
Date.
Interest. Outstand'g. Maturity.
STOCK AND BONDS—
Stock, $2,500,000 ($100)
$2,000,000
1900
5g. j-j 1,592.000 Jan.i, 1950
ist.M «2 500000m ooo) (
called, g.c &r.
cannot be called I o*Ar ) Union Tru8t Co -' Detroit. Trustee.
£ Int &t American Exon
Bank) N Y
Bonds.—Of 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 St. Clair & Marine City Ry.);
and $125,000 is reserved for extensions and acquirements.

j^

.

.

RAPID RAILWAY.

BONDS—

Date.

Interest.

Outstanding.

Maturity.

1st mortgage, $300,000, S 1895
5 M-S
$300,000
May 1, 1915
q*\ Int. at Finance Co. of Penna. Phi'.a., Trustee.
($1 ,000)
1st Consolidated mtge. J 1896
5 g. M-N
$300,000
May 1, 1916
$600,000 (gold).-.-.c*. Unt. at Finance Co. of Penna.. Phila.. Trustee.
Of the consol. mortgage bonds of 1896, $300,000 are reserved to
,

take up the outstanding flrst mortgage bonds.
CITY ELECTRIC RAILWAY (OF PORT HDBON)

BONDS—

Date.

Interest.

1893

6

M-S

Outstand'g.

Maturity.

Mar. 1, 1913
$180,000
1 Subject to call at 105 and int. after Mar. 1, 1903
Jolrt **> vw
<ki 'noo
8
( Interest at Hanover National Bank. N. Y. City.
Bonds— The mortgage trustee is the Union Trust Company of Detroit

1st, tnnrt,
'

$200 OOO

(

g.

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, 1906, on the
Doylest. & Easrou bonds w<ts defaulted. A bondholders' protective
committee for the 1st intg-j. bonds of the Doylest. & 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.

Stock
8

D

&

Bonds—

C
$1,025
$5 o:...

& E a9

Interest.

Outstanding.

Maturity.

$1,025,000

°:J

1

'($ 1000)'^

S825 06

Date.

00
'.

1901

-

5g-J-J

825,000

July 2,1941

gold ......... ! ..o* ) Int at Girara Trust Co -> Phila., Trustee.
Ph. & Ea's. 1st consol. ) 1904
5g. M-N
200,000
Nov., 1944
Mtge., $1,025.000.. \ Int. at Bucks Co. Trust Co., Doylestown, Trus.
Bonds.— sinking fund on the 1st 5s of 1901 of $10,000 per anham
commences July 1, 1908. if earned, said fund to be invested in the
bonds. Bonds purohased are to remain alive and bear interest. See
V. 78, p. 1907. Bonds were formerly not subject to call, but on Jan.
3, 1903, a supplementary mortgage was made giving the privilege of
calling the bonds on or after July 2, 1911, at 110 and interest. V. 76,
p. 541. Of the new 1st consols, S825.000 are reserved to retire prior
liens. They are subject to call after 10 years at 110 and Interest.
ROAD-Operates 33 miles of road between Doylestown and Easton,
completed in summer of 1904. Operates 8 oars.
OFFICERS-President, Geo. Egolf; Vice-President. S. J. Penrose; Seoretary and Treasurer, A. C. Paterson.— V. 77, p. 349; V. 81, p. 1044
-

A

'
,

STREET RAILWAYS.

36

DU

BOIS, PA.
BOIS
DU road. ELECTRIC & TRACTION CO--A
troiley

Organization—Incorporated In New Jersey on Nov. 15, 1901, as
the Amerioan Town Light Co. and name changed later as above. Is a
consolidation of the DuBois Electrio Co. and the Du Bois Traction Co.
V. 76, p. 972. Franchises for both street railway and electrio lighting
are perpetual and exclusive. Has 10-year lighting contract with city
Change
of Du Bois expiring April, 1908. Population served, 19,000.
of control occurred in Jan.. 1905, and new officials elected as below.
Maturity
Outstanding.
Interest.
Date.
Bonds—
Stock
$300,000
Stock, $300,000 ($100)
May 1,1932
250,000
Coll tr. nitge, $300,000 ) 1902 5 g. M.N.
o* 5 Int. at Knickerbocker Tr. Co., N. Y., Trustee.
($500), gold
46,500
Undeilying liens
Bonds— No s. f., but subject to call at any time at 105 and iut.; $50,000 of new bonds are reserved to retire prior liens. V. 81, p, 1550.
EARN'NQS— For year ending Oct. 31, 1905, gross, $62,949; net., $28,413; fixed barges, $15,948; surplus. $12,465.
Road— Operates 12 miles, Including extension to Falls Creek and to
Sykesville, where connection is made with tracks of the Jefferson
Standard gauge; 60
Traction Co. controlled by the same interests.

&

i

and 70-lb. girder and T rail.
Officers— President, Walter Hatten; Vice-Pres., J. E. Merris; Sec'y
Austin Blakeslee;STreas., M. I. McCreight.—V. 81, p 1550, 1791.

DUBUQUE, IOWA.
OW

UNION ELECTRIC

CO. IN

A -Trolley.

I

Organization. — Incorporated in Iowa in 1900 as a consolidation of
the Home Electric Co., the Dubuque Street Ry. and the Star Electric
Co., ,which constitute the entire electric light and street railway
properties of the city of Dubuque, Iowa. In April, 1901, Messrs.
Linehan <te Molo sold their half interest in the company to the other
stockholders, the General Electrio Co. among them, which June 1,
1904, owned $240,000 of the common and $240,00(1 of the preferred.

STOCK & BOND*—
Common, $500,000. $100
Pref., $500,000, $100, 5%
cum

1st mtire. $980,000, gold,
0"
($1,000)

Date.

Interest.

)
S

1904

/
S

5g.

M-N

Int. at 111. Tr.

Outstanding.

$500,000
500 000
650,000

Maturity.

Mathes—V. 7 1,

p.

May 1,1924

& Sav. Bk., Chicago, Trustee.

DULUTH, MINN.

—

.

:

EAST LIVERPOOL, OHIO.
TRACTION & 1905, and
EAST LIVERPOOL in Ohio on Sept. 30, LIGHT.
Incorporated

a
consolidation of the United Power Co., the East Liverpool Ry., the
Ceramic City Light Co., the Wellsville Electric Light Co., the Glasgow RR., the Eastern Ohio RR the Island Run Coal Co., the East
Liverpool & Rock Springs Street Ry., the East Liverpool Bridge Co.,
the Chester Light & Power Co. and the People's Light <fe Power Co.

Organization—

is

,

p. 1791.

Date.

($100)

Int.

See V. 81, p.

in.

—

Stock

&

stook and the collateral trust 5s were
on the Philadelphia Stock Exchange.

Bonds—Both the

Jan., 1900, listed

in

Interest. Outstanding.
Maturity.
Date.
Stock, $1,500,000; par, $50 ...
50% paid in. See text.
May 1,1949
Collateral trust, g., c.*l,-S 1899 5g.
932,000
Int. at Girard Trust Co. (Phil.), trustee.
300,000 ($1,000, $500).
- O
300,000
1892 5
Kaston Transit 1st mort., Subject to call at 103 in 1897 and 1922
redeem,
$300,000, gold, $200 & I
Interest at Easton
after Oct. 1, 1902.
$500
c&r
Trust Co., Easton, Pa., Trustee.

M&S
M&N
A

Motor Co 1st M
motor co.
Easton Palmer & BethlePa
ra.

£

1881

Lack Tr

J

hem El. 1st g., $200,000

A_ °
Apr. 1, 1941
60,000
& g Dep 0o (goraritoI trustee.
J&J 200,000 Dec. 31, 1918
S. Mtg. & Tr. Co., N.Y., trustee.

6

^

1898

) )(

5

(Int. at U.

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 $300,000
Easton Transit bonds and $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 stook,
1,902 shares (out of 2,400 shares) of Pennsylvania Motor stock, 4,000
$50 shares (half common and half preferred, being the entire issue of
each) of the Easton Palmer & Bethlehem Street Ry., and entire (2,500)
shares of Easton & Bethlehem Transit stock.
Latest Earnings.— For 9 mos. ending Sept. 30, 1905, gross, $213,626; net, $76,832
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.
OFFICERS— President, W. Hinckle Smith; Vice-Pres., J. S. Rodenbouerh; Sec. and Treas ,'S.SH. Sargent, 511 Chestnut St., Phlla.-V. 78,
p. 768, 1446, 1781, 2011, 2442; V. 81, p. 1791.

The

oollat.

NORTHAMPTON TRACTION CO-1902, and
Organization.— Incorporated on
on Jan. 1, 1903, of the Easton
Easton Tatamy <fe Bangor Street Ry.

STOCK

&

BONDS—

Date.

Stock. $500,000 ($100)
1st mortgage, $400.000,
gold
o*

Is

&

1903

(

Int. at

a consolida-

Nazareth Street Ry. and the
Franchise perpetual.
Maturity.

Outstand'g.

Interest.

5

$500,000
396,000

5g. J-J

Northampton

Jan.

1,

1933

Tr. Co., Easton, True.

2d mortgage. $100,000...
See text
Bonds.—The first mortgage bonds are in denomination of $100, $200
$500 and $1,000. A sinking fund of 10 p. c. of net earnings is now
operative, but the bonds cannot be called. Part of the second mortgagebonds are pledged to secure $30,000 of floating debt
Earnings. For year ending Dec. 31, 1904: «ross, $85,170; net,
after taxes $38.57/; interest, $20,000; surplus, $18,577.
Road.— Operates 2251 miles of track from Eaf,\on to Nazareth and
from Easton to Bangor, chiefly on private right of way. Standardgauge; 60 lb. and 80-lb. steel rail; 17 cars.
OFFiCERS.— President, T. A. H. Hay; Vice-Pres., H. H. Haines; Secretary,
O. Hay; Treasurer, Chester Snyder; Supt., D. L. Beaulieu.—
V. 80, p. 1972.
_

EAST ST. LOUIS, ILL.
ST. LOUIS & SUBURBAN CO-Trolley.
EAST 1906, wan reported that this company would be consoliIn Feb.,
it

dated with the Alton Granite & St. ouis Co. V. 82, p. 392.
Organization.— Incorporated in New Jersey in 1902, and owns all
the stock and bonds (witti the exception of $140,000 as below* of the
East St. Louis Ry., the St. Louis & East St, Louis Electric Ry. and
the East St. Louis & Suburban Ry.. and the bonds of the St. Louis <te
Belleville Electrio Ry. The East St. Louis & Suburban Ry. operates
all the electric lines in East St. Louis and to Belleville, Ed wards ville,
Collinsville and Caseyville also a line to O'Fallon and Lebanon and
the only electric line across the Eads Bridge. In July, 1902, acquired
the Citizens' Electric Light & Power Co.'s plant in East St. Louis. Has
50-year exolusive rights to operate cars over the Eads Bridge connecting St. Louis and East St. Louis. Has contract with city of East 8t.
Louis for municipal lighting until 1910. Franchises arefrom 44 to 48
yrs.,with the exception of Belleville (5 miles), which has 16 years to
run all from 1904.
Tlie following is a list of the stock and bonds owned and which are
deposited with the St. Louis Union Trust Co. as collateral for the new
East St. Louis & Suburban Co. collateral trust bonds.
1

;

;

—

Constituent companies-

East
St.

L.

St.

Louis Ry. Co

&East

St.

L.Elee. Ry.

Bonds.

Outstanding.
$2,500,000

Maturity.

500,000
Pref.,5%n.c..$500.000, $100
2,400.000 Nov. 10. 1925
1st rnort., $3,000,000, gold > 1905 5g. J-J
os Int. at Union Trust Co., Pittsb Trus.
($1,000)
Bo7ids.—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 calendar year 1904, gross (of constituent [companies), $301,442; net. $120,019.
Road.— Operates 15 miles of track between East Liverpool and
Wellsville. Standard gauge, 73-lb. girder and T-rail. An extension
of about 8*2 miles of double track is proposed.
Officers. -President, Van Horn Ely, of Buffalo; Vice-President, C.
A. Smith, East Liverpool; Secretary and Treasurer, Edward McDonnell, East Liverpool .— V. 81. p. 1791.
,

EASTON, PA.

EASTON CONSOLIDATED ELECTRICTraction

was canceled by
On May 1, 1904, lease to Lehigh Valley
rentals being in default. See V. 78, p. 1446, 1781. In June, 1904, a
further instalment of $5 per share was called on stock. V. 78, p. 2011,
2442. Dividend payments have been: July, 1900, 3*8% on $10 paid in;
Sept., 1901, and March and Sept.. 1902, 3% on $15 paid in; March
1903 (paid in July), and Sept., 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 share on the stock; the dividend was credited,

do
do

$5,950,000
capitalization of the East St.

&

BONDS—

Date.

$1,81 4,500 entire issue

Louis

Interest.

do
do

&

S,id8t»,b00

do
do

do
do

284,700

E. St. L, & Suburban Ry.... 3.-425,000
750,000
St. L. & Belleville Elec. Rv.
Citizens Elec. Lt. & Pow.Co No bonds

The
STOCK

Stock.

$1 475,000 out of $1 ,615,000
500.01 '0 (entire issue)

do

do

499,500

$5,578,000
Suburban Co. is as follows:

Outstanding.

Maturity.

Q-F
Stock, $5,000,000, $100.. ....
$5,000,000 Feb., '06, 1%.
April 1, 1932
6,360,000
Poll trust
$8 000 - ( 1902 5 %• A-O
8 * Co., Trustee, or
nnn ™?3 7*1 onm .o i Int atst Louis Union
000 gold (*i,ouo). «« ^ at E
clark & Co p hlladelp hia>
E. St. Lou. Elec. St. RR. < 1893 6 g. F-A
140,000
Aug. 1, 1908
1st) g..
consol. (now
\ Int. at Miss. Val. Trust Co., trustee. St. L.
In addition to the $6,360,000 collat. trust bonds outstanding,
Bonds.—
$140,000 are reserved to retire the underlying lien given above, $59„000 are in company's treasury and the remaining $1,441,000 are
reserved for future extensions and improvements. Bonds are redeemable on any interest day at 105 and int. on 4 weeks' notioe. See V. 76,
p. 382.
Dividends.—The first dividend of 1 p. c. was paid Nov. 1, 1904, and
the same amount quarterly to Feb., 1906
Re PORT- For 12 months to Deo. 31,1905: Gross. $1,351,579; net,,
$756,777; fixed charges, $368,514; surplus, $388,263.
Road—Operates 117 miles of track, including all the lines in East
St. Louis, a double-track road from East St. Louis to Belleville and
a single track Jine to O'Fallon and Lebanon.
Officers of Operating Company.— President, C. M. Clark; VicePresident, L. C. Haynes; Sec and Ass't Treas., G. L. Estabrook;
Treas., C. A. Pearson Jr.; Ass't Sec, 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.

M

-

SeeV. 81,

paid

Organization. Consolidation in 1899 of the Easton Transit Co.. theEdison Illuminating Co. of Easton and the Easton Palmer & Bethlehem.
Incorporated in New Jersey March 11, 1899.

.

STOCK & BondsCommon, $2,^00,000

p. o.

W

TRACTION.-Trolley.

Organization— Incorporated in Connecticut in 1900. Owns entire
stook of the Duluth Street Ry., the Lakeside Street Ry. and the Superior Rapid Transit. The corporate existence of the Duluth Street Ry.
is maintained, but all of its stock ($1,500,000 authorized, $300,000 outstanding,) is held by the Duluth Superior Traction. This latterjeompany
has no bonded debt. The Duluth Street Ry. was organized under
Act of Minnesota approved Nov. 17. 1881, and possesses " an
exclusive franchise " which runs until 1931. See decision with regard
The Duluth superior
to franchises in Superior In V. 80, p. 1911.
Bridge at West Superior is used by the railway, but is a separate corporation, 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
1903 entered into contract|with Northern Power Co. to supply sufficient
power to operate the street railways in both cities. Power will begin
to be delivered in 1907.
Date. Interest. Outstand'g. MaturityBonds
Stock
$3,500,000
Capital stock,com.,$3,500,000
Q-J
1,500,000 Oct., '05.1%
Pref 4 p. c. cum $1,500,000
Duluth St.Ry.M, $2,500,000 $ 1900 5 g M<teN 2,500,000 May 1,1930
e* lint, at Central Trust Co., N. Y., Trustee
gold ($1,000)
Bonds—The mortgage covers all the mileage of the Duluth Street
Ry., the property of the Lakeside Street Railway and of the
Superior Rap. Transit having first been conveyed to the Duluth St. Ry.
Divide » ds— On the preferred stock 4 p. c per annum is being paid.
ROAD—The system embraces 75 miles of track and includes all the
lines in Duluth and Superior.
REPORT— Of the Duluth St. Ry. for calendar year 1904 Gross,
$619,172; net, $293,123; interest, taxes and dividends, $202,602;
surplus, $90,521.
Latest Earnings— For 11 months ending Nov. 30, 1905, gross,
$602,233; net, $290,427. In 1904, gross, $560,924; net, $267,530.
OFFICERS— President, C. G. Goodrich; Sec. and Treas., L. Mendenhall; Gen. Man., Herbert Warren.— V. 72, p. 183, 627; V. 80, p. 1911.

&

1791.

Oct. 13,

2643.

DULUTH-SUPERIOR

on the assessment, making the stock 50

tion

Bemaining $330,000 bonds reserved for 80 p. c. of cost of extensions
and improvements, but only in event of increase of stock and then to
only two thirds of such increase, but in no case to be made earlier
than two years from date of bonds. Bonds subject to call after rive
years at 105 and int. Sinking fund of $15,000 p.a. begins Apr 30,1908.
Road.— Owns and operates about l? 1^ miles of track on 14^ miles
of street in Dubuque, West Dubuque and to Union and Nutwood parks,
and has contract with the city for supplying electric lights. Extensive
improvements were completed in Feb., 1906.
OFFICERS-—President, F. D. Stout, Chicago; Vice-Pres., D. D. Myers;
Secre ary and Treas.. J. R. Lindsay, Railway Exchange, Chicago; Gen.
Mgr., L. D.

[Vol. lxxxh.

,

w

-

T™

. .

EAU

CLAIRE, WIS.

CHIPPEWA VALLEY ELECTRIC RR- of
Formerly one of the Appleyard roads, but
1905, control
in Oct.,

road changed hands and new officers elected as below. V. H, p. 1241.
Purchased the Eau Claire Lt. & Power Co. and consolidated with lt.
Date. Interest.
Outstanding.
Last Div.
Stock & Bonds—
Common, par $100
$200,000
Q-M
6,800 Sept.,'05, 1%%
Pref., 7%, cum., $200,000
200,000
Oct. 1, 1918
First M., $200,000 gold ) 1898 6 g. A-O
$1,000 each) not sub.call $ Int. at Mercantile Tr. Co., Boston, Trustee.
5 A-O
Mtge., $750,000, \ 1903
300,000
Oct. 1, 1923
Consol.
Security Trust Co., Camden, N. J., Trustee.
4
200.000
Bonds.— Of the consol mortgage, $200,000 is reserved to retire a like
amount of 6s due 1918; the consol. bonds may be oalled after Oct. 1,
1908.
($1,000)

Eau

C. Lt.

& P.

5

Co

STREET RAILWAYS.

bb., L906.J

i

Road— Owns trolley road Eau Claire to Chippewa Falla, Wis., 12
Eau Claire, 8 mile*; Chippewa Falls, 2 miles; total, 22 miles.
Owns 14 miles right of way; exclusive 30 years franchise at Chippewa Falls and 30-year franchise at Eau Claire.
Earnings— For vear end. Dec 31, 1^04, gross, $119,262; net, $52.miles;

9*54,

In 1903. gross. $111,700: net. $46,570

OFFICERS— Fres.,

O. H. Ingram; Vice-Pres.,

^

John

8.

Owen;

Mgr.. Geo. B. Wbeeler; Treas., B. A. Buffington.— V. 78,
p.' 12-11.

8eo.

and

p. 819; V. 81,

ELMIRA, N. Y.
ELMIRA WATER, LIGHT & RAILROAD
COMPANY-

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 <& Horseheads Ry.; the
Maple Ave. Ry.; the West Water St. RR.; the West Side Railway Co ;
the Elmira Gas <fe Illuminating Co., the Elmira Illuminating Co.,
the Elmira Water Works Co., and the Elmira Heights Water Co. Has
just begun to operate the Elmira & Seneoa Lake Ry., formeily controlled hy the Kys. Co. General.
Maturity.
Amount.
Interest.
Date.
Stock
BONDS—

&

$1,000,000
339,000

Stook,<$100t

Elmira Wat. Works 1st M
West Side RR., g„ 1st M.. 1894

1913
6
Oct. 1, 1914
355,< 00
5 g. A.&O.
Jan. 1, 1949
1,661,000
5g. J.-J.
ivr^w t <.<- lvr fconnnnnnOSOO
u 8 Mort * Tru8t N Y » ^ustee.
™in $1,000 o... .$500 \
gold «i <&n?A
to call at 105 and interest.
Subject
£
1,200,000 Jan. 1, 1949
o* at i««« mo », oftn (1P00 4g. Mar.
Guaranty Trust Co. of New York, trustee.
rvS' g., *£™ & $1,000 <
i $500 t i'l nno
000,
Subject to call at 100.
}
Of the new 1st 5s, $3^9,000 are reserved to retire at maturity the
$355,000 outbonds of the Elmira Water Works Co., due 1913.
standing bonds of the West Side RR. and the Elmira Heights Water
Co. are guaranteed.
Road -Comprises 27*2 miles of track controlling all the principal
streets in Elmira and connecting the suburban towns of Elmira
Heights, Southport and Horseheads, also making connections with the
Seneoa Lake Railway, which pays an annual trackage into Elmira.
Equipment consists of 40 closed cars, 32 open cars and 11 trailers.
Track laid with 75 and ?0-lb. girder rails. Owns Rorick Glen Park.
Report—The earning efor the fiscal yearending June30, 1905, were:
gross, $490,813; net. $184,320
Offic c RS— Pres., Ray Tompkins; Vice-Pres- and Gen. Man., W. W.
Cole; Sec. and Treas., K. M. Beardsley; Asst Sec, Murray W. Dodge,
40 Wall St., N. Y.-V. 72 p 62 7.821.93 5, 988.

£m

-

-

-

-

'

.

LAKEJune .-A
RY 1896.
ELMIRA & SENECAMew
Organization— incorporated

trollev road.

iTork

in

6,

Formerly

controlled by the Railways Company General, but that company disposed of Its holdings in Dec, 1905. Is now operated by Elmira Water, Light &RR. Co. A Mood washed away 6 miles of tracks, and H.
M. Beardsley has been appointed receiver. Foreclosure proceedings

have been

instituted.

&

Date. Interest. Outstanding. Maturity.
BONDS—
$300,000
Stock, $300,000 ($100)
July 1, '29
300,000
5 g. J-J
let mortgage, $300,000.... < 1899
gold
I Int. at American Trust Co., Phila.. Trus.
Road— Owns 17 miles of road, running from Horseheads to Watkins
via Millport and Montour Falls, to Seneca Lake. Full line completed
and put in operation on May 19, 1900. The company has a traffic contract over six miles of road, connecting Horseheads and Elmira with
the Elmira Water, Light <fe RR. Co. Total, 23 miles. 8,,car8,
Earnings— For fiscal yearending June 30, 1905, were: Gross, $34,71 1; net, $7,057; interest and t axes. $18 .335; dettoit, $11,278.

STOCK

EL PASO, TEXAS.

&

Pow. Co., comSanta Fe St. Ry.Co. aud the International Lt.
prising praotio lly all the electric-lighting and the entire street railway business of El Paso, Texas, and Juarez, Mexico. Franchises
average 59 years from Jan. 1, 1905.
Maturity.
Date.
Interest. Outstanding.
Bonds
STOCK
Com., 1.000,000 ($100)
$1,000,000

—

&

.;

^.

25 °.° 00
s, woe
6 >- J
5 g J-J
836,000 Jan. 1, 1932
mtg. ($1,000),) 1902
Slnt. at State Street Trust Co.. Boston. Trus.
$1,000,000, gold
55,000
Notes payable Dec. 31,1905
Bonds.— No sinking fund and are not subject to call.
Dividends- First dlv., 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. o. In 1906,
Jan. 8, 3 p. o.
Earnings- For 12 mos. ending Dec. 31, 1905: Gross, $288,943; net,
~
3,382; charges, $43,326; surplus, $55,056.
Road.— Operates 17-41 miles of track in and between El Paso, Tex.
and Juarez, Mexico; chiefly 60-lb. rail; 22 cars.
Officers.- President, G. E. Tripp; Vioe-Pres., E. Wadsworth;
Treasurer, A. Stuart Pratt; Sec'y. H. R. Hayes; Transfer Ag'ts, Stone
<& Webster, Boston.— V. 76, p. 158.

^ikLlb%xm^::\ •Coll.

ERIE, PA.
MOTOR COERIE ELECTRIC October 1888. Acquired
ORQANIZATION. -Chartered

the owner8,
ship and control of the Erie City Passenger Railway and the Erie Reed
Park & Lakeside Street Railway through the purchase of the entire
capital stock of both companies.
Date. Interest. Outst'ding. Maturity.
Bonds—
STOCK
Stock ($1,250,000) ($100)
$1,250,000
1st M., ($200,000) ($1,000), > 1889 6g. J - J
200,000 Jan. 1, 1919
gold
c. $Int. at Cent. Trust Co., trust., N.Y. City.
2d M., ($150,000) ($1,000), ) 1889 6g. J - J
150,000 Jan. 1, 1919
gold
c {Int. at Cent. Trust Co., trust., N. Y.City.
- O
1st ref. sink, fund ($1,250,-) 1901 5g. A
850,000 April 1,1941
000) gold ($1,000). Cannot > Int. at New York Trust [Co., trustee,
called
N.Y. City.
c*)
be
Bonds—Of the $350,000 prior lien bonds $100,000 have been
exchanged and deposited with the trustee as additional collateral
under the refunding mortgage, thus leaving $250,000 prior lien bonds
in the bands of the public To retire these a like amount of refunding mortgage bonds is reserved. For extensions and betterments
$150,000 of the new bonds are reserved, and can be Issued only under
guarded restrictions. The company has deposited with the trustee
the entire capital stock of the Erie City Passenger Ry. and the Erie
Reed Park & Lakeside St. Ry. Co. A sinking fund of 1 per cent annually begins April 1, 1906, and will be increased to 1^ per cent in 1916.
Road— Operates all the street railways In Erie, and has 32 miles
of tract, mostly 90-lb. girder rails. Has 34 closed and 42 open motor
cars and 10 trail cars. Franchises are perpetual, except for 6 miles

&

which

is

for

999 vears.

Officers— Pres., H.
of Erie.

Office,

F.

202 State

WUbor;
St.,

Sec.

<fe

&

Date.
Interest. Outstanding.
Maturity.
BONDS -STOCK
(?)
Stock, $1,000,000. $50
1905 og. J-J $1,000,000
July 1,1935
1st mtge., $1,000,000 >
New York Trust Co., Trustee.
gold ($1,000) c...
S
Bonds— Are not subject to call. See V. 81, p. 507.
Road -Is to operate 42 miles of track from Erie to Cambridge
Sprines, with a branch from Waterford to Corry, mostly on private
right of wav. Is expected to be completed in spring of 1906. T
rails.— V. 81, p. 507.

RY-A

ERIE RAPID TRANSIT

trolley road.
ST.
Receivership.- On Deo. 18, 1903, Henry F. vValton was appointed
receiver. Interest defaulted on Jan. 1, 1904. V. 80, p. 162.
Organization.— Incorporated In Pennsylvania on June 21, 1898.
Date.
Interest. Outstanding.
Maturity.
BONDS.STOCK
Stock, $500,000. $50
$500,000
1901 5g. J.-J.
July 1, 1931
350,000
1st mtge., $350,000, )
Int. at Colonial Trust Co., Phila., trustee.
gold ($1,000)
S
Bonds —No sinking fund and are not subject to call.
Road-— Owns 15 miles of track from city of Erie to town of North
East, which was put in operation on Dec. 1, 1901.
Officers.— President, Thos. B. Hall, Camden, N.J.; Vice-Pres.; W.E.
Hays, Erie; Hec and Treas., T. H. Paist, Phila., Pa. Gen. Man., F. J.
Cutting.— V. 76, p. 1192; V. 77, p. 2389.

&

;

ERIE TRACTION

CO.

Organization— incorporated in Pennsylvania on April
Date.
Interest. Outstand'g.
STOCK & BONDS—

Stock, $500,000 ($50)
let M., $500,000. gold
($500 and $1,000) .c
.

.

)

$500,000
J-J
440,000

1899

5 g.
Co.. Trustee.

16, 1901.

Maturity.

July

1,

1929

(N.Y. Trust

Loans payaDle June, 1905
75.000
Bonds.— A sinking fund ot $30 for every $1,000 bonds commences
Interest is payable at
1. 1904. but bonds are not subject to call.
the company's office, Erie, Pa. No interest has been paid on the bonds

July

to date.

Earnings— For year ending June 30, 1905: Gross, $65,279; net,
$12,580; fixed charges, $32,585; deficit, $20,005.
Road— 'perates 27^ miles of track from Erie to Edinboro and Cambridge Springs. Standard gauge, 60-lb. and 70-lh. girder and T rail.
OFFICERS— President, W. C. Culbertson, Girard; Vice-Pres., T. A.
Lamb; Secretary-Treasurer, Chas. M. Hatch. Office, Erie, Pa
<

road.
CO-A
LAKE ERIE TRACTIONNixon was appointed receiver,
On July 1904. S.Fred

trolley
Receivers tivn—
8,
Interest on the bonds being in default
V. 79, p 269. In Nov., 1905
owing to Mr. Nixon's death, Henry F.Walton was appointed receiver.
V. 81, p. 1493.
Organization— Incorporated in New York on May 12, 1902.
Interest.
Outstanding.
Date.
Maturity.
Bonds—
STOCK

&

Stock, $500,000, $100
$500,000
April 1, 1932
1st Mtge., $400,000, g.,> 1902
5 g. A-0
400,000
($500 & $1,000) o * r S Int. at Colonial Trust Co., Phila., Trustee.
Bonds—No sinking fund or bonds cannot be called.
ROAD-Operates 17-26 miles of track from Northeast, Pa., to Westfield, N. Y.
Standard gauge. 60-lb. T rail.
Office RS-President, T. B. Hall, Camden. N. J.; Sec & Treas. T. H.
Paist. Philadelphia; Supt., F. J. Cutting, Erie.— V. 79, p. 269; V. 81,
p.

1493.

_

EVANSVILLE,

IND.

RY--A trolley road.
EVANSVILLE ELECTRICgranted a 50-year franchise
Organization— On March 22, 1901, was
by the oity of Evansville, it then acquiring the old Evansville St. Ry.
Owns all the street railway mileage in Evans ville except 1*3 miles of
lnterurban road.
Date. Interest. Outstand'g. Maturity.
Bonds—
STOCK
jtock ($600,000) ($100)
$600,000
1st mortgage, $1,200,000, ) 1901 4g. M-N 1,200,000 May 1, 1921
gold ($1,000)
c* Slnt. at Farmers' Ln.&Tr. Co., N. Y., Trus.
125,000 June 1, 1916
2nd mortgage, $300,000. ) 1904 5g. J-D
gold ($1,000)
c*SInt. atFarmers' Ln.&Tr. Co.. N. Y., Trus.
Bonds—The second 5s may be called after June 1, 1906, at 105 and
Interest, and a certain amount (s '.a V. 79, p. 2147) mwt be redeemed
and retired yearly on June 1 at the same price, vr, 79, p. 2147.
Earnings -For fiscal year ending Oct. 31, 1905, gross. $230,987;
net, $103,836; interest and taxes. ?71,322; surplus, $32,514.
Latest Earnings— Foi 3 months ending Jan. 31, 1906: Gross,
$57,385; in 1905, gross, $50,579.
ROAD— Owns 30*3 miles of trolley track. Rails, 60, 70 and 75 lb. T
94 oars. Gen'l Electrio system. Also owns park and pleasure resort.
OFFICERS— Prest., Jas. O. Parker; Vice-Prest. and Gen. Mgr., H. E.
Moran; Treas., L. C. Shipherd; 8ec. Alex Gilchrist, all of Evansville,
Ind—V. 72, p. 776. 872; V.79, p. 2147.

&

EL PASO ELECTRIC CO.—This company owns the
securities of the El Paso Elec. Ry. Co., the El Paso & Juarez Traction
Co., the

37

Treas.. J. L. Sternberg, both

Erie.— V. 72, p. 775.

ERIE CAMBRIDGE UNION & CORRY RYley roaa.

—To he a no

Organization— Incorporated in Pennsylvania on Deo. 6, 1901.
Franchises perpetual. A majority of the stock has been pooled for 3
years from 1905.

VERNON
road.
Y".—To be a
REVANSVILLE & MT. Indiana on April ELECTRIC
1905.
Organization— Incorporated
trolley

STO-K

&

in

BONDS—

Stock, $300,000, $100
1st mortgage, $350,000

17,

Dite.
\

Interest.

1905

5g.AO

Outstanding.

Maturity.

$300,000
300,000 Oct. 1, 1925
Sav.Co.. Evansv., Trus.

gold ($l,00o) o
5 Int. at Amer. Tr. &
Bond— A sinking fund of $10,500 per annum commences Oct. 1,
1910, to be Invested in ten bonds anncally at 105.
ROAD— Is building 171 miles of track between Evansville and
Mount Vernon, expected to be completed in May. 1906. Standard
gauge, 70 lb. T rails.
OFFICERS— Pres., Wm. M. Ford; Vice-Pres., John M. Funke; Sec*
and Treas.. Fred W. Reitz: Gen. Mgr., William L. Sonntag; Supt.,
James J. Lee.— V. 81, p. 1436.

EVANSVILLE & PRINCETON TRACTION

CO-— A trolley road.

Organization— incorporated In Indiana in 1902. Franchises are
50 years from 1902. On July 20. 1904, the Evansville Princeton <fc
Indianapolis Ry. was organized by parties interested in this company,

for

but there

STOCK

is

&

no connection between the two. V. 79,

Bonds —

Date.

Interest.

1903

5

Stock, $600,000 ($100)
1st

mortgage. $400,000

g.

A-O

p. 2147.
Outstand'g. Maturity.

$600,000
_400,000 Aprill, 1923

Int. at Cit. Sav. & Tr. Co., Cleve., Trustee,
gold ($1,000), s. f-.cfcr^ or
at First National Bank, New York.
Consol. mtge., $700,000 >
1905
5g.AO None. April 1, 1923
Sav. Co., Evansv., Trustee.
gold ($1,000)
s Amer. Trust
Bond*.— A sinking fundot $10,000 per annum on the first 5s commences on Feb 1, 1908, said fund to be invested in the bonds at 105,
beginning with No. 1. Whole issue of ihese bonds may be called at
any time at 110 and interest. Of the new $700,000 mortgage, $400,000 is reserved to retire the first 5s.
Earnings— For year ending August 31, 1905, gross, $S2,861; net,
$37,7 66.
Road— Operates 29 miles of track, connecting Evansville and
Princeton, which was put in operation Dec 8. 1903. 70-lb. T rail. An
extension from Princeton to Vinoennes, 25 miles, is proposed; also one
from Evansville to Mt. Vernon, 10 miles, and from Princeton to Mt.
Vernon, 40 miles. Construction will begiu in 1906.
Officers. — Pres Joseph S. Heston, Princeton; Vice-Pres. & Sec.
J. G. La Grange Treasurer, Sam T. Heston; Gen'l Manager, W. P.
Larcey, Prinoeton; Auditor, Geo. P. Kidd, Princeton; Counsel, W.
E. Stillwell, Princeton.— V. 79, p. 500, 2147; V. 80, p. 2621.

&

,

;

)

STREET RAILWAYS

3*

EVERETT, WASH.

EVERETTIncorporated in Delaware on Feb. 22.CoRY. LIGHT & WATER
1905,
Organization—
& Elect. Co

a consolidation of the Everett Ry.

Company.
Stock & Bonds—

arid is

and the Everett Water

o-'

£

Bonds.— Of the new $2,000,000 mortgage, $1,325,000 are reserved
to retire prior liens. r-o s f.but bonds subject to call on any int
date upon 60 days' notice at 107^* and interest.
ROAD— Operates 18'7 miles of track in Everett, including branch tc
Lowell and Snohomish, 6 19 miles, leased from the N. P. RR. Co. for 3
years with privilege of renewing for 7 years more.
OFFICERS— President, J. T. MoChesney, Everett; 1st Vice President,
L S. Duryee. Everett; 2d Vice-President, H P. Scott, Wilmington,
Del.; Sec. and Treas., Edward C. Mrmy Everett —V. 80, p. 2219.
-

,

NEW HAMPSHIRE
Organization—

N. H.

ELECTRIC RYS -

Incorporated in August, 1905, as successor under
foreclosure of the New Hampshire Traotion Co., as per plan in V. 79,
p. 2205. Company is managed by a board of trustees. Owns and
controls the following companies: Amesbury & Hampton Street Ry.,
Seabrook& Hampton Beach Street Ry., Haverhill & Plaistow Street
Exeter
Ry., Haverhill Plaistow <fe Newton Street Ry., Portsmouth
^Street Ry.. Dover Somersworth A Rochester Street Ry., Exeter Hampton <fe Amesbury Street Ry., Hudson Pelham & Salem Street Ry., Haverhill & Southern New Hampshire Street Ry., Lawrence A Methuen
Pelham Street Ry.. Rockingham Co. Light A
Street Ry., Lowell
Power Co., Canobis Lake Co. andGranite State Land Co.
All of the capital stocks of these companies are owned by the New
Hampshire Electric Rys., as are also the oustandlng bonds of ait the
companies, with the exception of those given in table below. Franchises of all the constituent companies are perpetual.
Date.
Interest, outst'ding.
Last Div.
Bonds—
Stock
Com .$4,000,000 ($100)
$4,000,000
Pref.. 4%n. c, $4,000,000
4,000,000
($100)

&

A

&

Exeter Hampton

A

UNDERLYING HENS.
Amesbury )

1st mortgage, $225,000. g.
($1,000), sink, fund $3,000

1899

}

5g.

J-D

Interest at

225,000 June 1,1919
American Loan & Trust

per ann. begins 1904 bonds.
Co., Boston, Trustee,
cannot be called
c* J
Dover Somers. & Rochester
3 00
S 1
Seetext J^y
J
?$\%wro*s f $5 0*0 p a° l1901 5 *' Jat American Loan L1921
& Trust
lVe^nVl904Midi cannot be > Merest
8
8
Co., Boston, Trustee.
called 'Guar
Ex!
I

Hamp.

p

&Hy

A Amesbury.

j

J

& Hamp. 1st M., gold, > 1899 5g.A-0 See text Oct. 1, 1919
$100,000 ($1,000). .... .... J Int. at Beacon Tr. Co., Bost., Trustee.
Bonds-Ol the $300,000 of the Dover 8om. & Roch. bonds, all issued.
$200,000 are owned by the New Hamp. Eleo. Rys. Of the $100,000
Ames. & Hamp. bonds, all issued, $50,000 are owned by the N. H.
Ames.

Eleo. 'Rys.

ROAD— Companies controlled comprise about 135 miles of track and
several pleasure resorts. Also does electric lighting and gas business. Population served. 300,000.
TRUSTEES— The New York Trust Co V. 81, p. 155.

—

FAIRMONT, W. VA.
FAIRMONT & CLARKSBURG TRAC- 1903, and
CO-West Virginia
June,
Organization-— Incorporated
succesor to the Fairmont

A

in

in

Clarksburg Electric RR. Co. Is controlled by Interests identified with the Consolidation Coal Co. of Maryland and allied properties. V. 80, p. 600. Harvey Fisk & Sons have
agreed to underwrite $1,200,000 of the bonds.
Is

&

Date. Interest.
Outstand'g.
Maturity.
BONDS-STOCK
Stock, $2,000,000 ($100)
$1,800,000
1st mortgage, $2,500,000, ) 1903 5 g. A O
1,200,0<
Oot.. 1, 1938
gold ($1,000)
c- $Int at Guaranty Trust Co , N. Y Trustee.
Bonas.- Are subject to call, beginning Oct. 1, 1913, at 105 and in
terest
,

Road.— Operates a line between Fairmont and Watson and between
Fairmont and Middletown, and a line from Clarksburg to O'Neil Mine
and from Clarksburg to Carbon and Greselli; total, 21 miles. Standard
gauge. Also does electric-lighting business. A connecting link from
Fairmont to Clarksburg, 16 miles, Is being built, and is expected to be
completed about July 1, 1906.
Officers —President, S. L. Watson; Vioe Pres., C. W. Watson: Secretary and Treas., Smith Hood; Gen. Mgr., A. J. Purinton— V. 76, p.
1406; V. 77,

p.

950; V. 8 0. p. 600.

FISHKILL-ON-THE-HUDSON,
A

CITIZENS' RAILROAD,
trolley
road.

N. Y.

LIGHT &POWER.-

Organization— On Feb. 1, 1902, the Citizens' St. Ry. and the Carroll
were consolidated under the above title.
Btock,$175,000,par $100.$175,000
Earnings— For yearend'g June
Citz. RR., Light A Power
30.
Electric Co.

1st mtge. 5 F-A, $100,1905.
1904
100,000 Gross
000, due 1932
$73,628
$77,803
Cit. St. Ry. IstM. 6s, AAO. 75,000 Net
26,817
26,656
(Due 1912, optional after 1897.)
Charges
14,212
14,483
Flshklll Elec. 1st M., 6s, >*-« n<%n Dividends
None
None
so'uuo Balance
of 1895, due 1915, JAJ \ *
12,605
12,173
Flshklll stock ($50,000) to receive same div. as Citizens' St. Ry.
Road—Owns 3 miles of single and *25 miles of second track. Leases
Fishklll Electric Ry. from Flshklll to Matteawan, 4; total, 7^ miles.
OFFICERS— Pres., E. L. Tompkins, Fishkill-on-Hudson; Vice-Pres.,
G. A. Schrader; Sec, S. K. Phillip*, Matteawan; Treas., Bert L. Smith.

—V.

75, p. 184.

FITCHBURG, MASS.
FITCHBURG & LEOMINSTER STREET RY
In April 1905, abaorbed the Leominster Shirley & Ayer
Ry.
St.

through exchange of stock, share for share. V. 80, p. 1478.
Kale. Outstand'g.
Dale.
Maturity
STOCK, BONDS Etc.—
Stk. (au., $500,000: par, $100)
$450,000
See text
Fit. & Leo. 1st mort. ($500) o. ) 1897
5 A-O
150.000 Apr. 1, 1917
Int. at 1st Nat. Bank, Boston.
$150,000
$
Fit. A Leo. Con. M., $350,000/ 1901 4>« F-A 150,000
Feb. 1, 1921
Unt. at Bost. Safe Dep. & Tr.Co.,Trnstee.
($1,000)
1905 5 g. F-A 100,000 Feb. 1, 1921
L. S. & A. 1st M. $100,000 g..
Int. at Bost. Safe D. & Tr. Co., Trustee.
($1,000)
c*
Guar. p. & i. by Fitch. A Leom. St. Ry.
''Current liabilities" Sept. 30, 1905
416,422
Bonds— Of the new consol. mtge., $150,000 are reserved to retire
the 1st mtge. at maturity.
-

1

.

.XXX II

Dividends— For many years up to and Hncluding 1900-1901, 8 p. c;
190304, 6 p. c; in 1904-05,

Htmtm

EXETER,

J

In 1901-1902, 6 p. c; In 1902-03, 6 p. c; in

Maturity.
Date. Interest. Outstand'g.
Stock, $2,000,000 ($100)
$2,000,000
625,000 April 1,1925
let mtge. $2,000,000.) 1905
5g. A-O
cjlnt at Manhattan Tr Co., N Y.. Trustee
sold ($1,000)
1901 5 g. A-O
825,000 Apr. 1, 1921
(
*v "Rtt *TTlpn
la*>- at Manhattan Tr. Co., N. Y., trustee.
«i nnn nno
($i,ooo)
$1,000,000, g. 7*i nnn\l
No 8 f aQd not 8nb)ect to call
^
Ever Wat Co. 1st rnort )
500,000 July 1, 1921
5

$500,000

Vol

6

p. 0.

Road—Owns 40*7 miles of track. Road extends to Leominster,
Lunenburg, Shirley and Ayer.
EARNINGS— For years ending Sept. 30:
1905.
1904
1905.
1904.
Gross
$221,299 $202,790 Dividends paid. .$23,000 $21,000
Net

70,635 Bal.,sur. for year 9,133
81,829
6,492
Int, taxes. etc..
49 696
43,143
President, H. A. Willis; Vice-President, H. I. Wallace;
Officers—
Clerk and Counsel, C. F. Baker Treasurer, R. N. Wallis Supt. and
Puroh. Agt, W. W. Sargent, all of Fitchburg.— V. 72,p. 87; V.80, p. 1478.
;

;

FOND DU LAC, WIS.
EASTERN Incorporated In Wisconsin & LIGHT-Trolley.
WISCONSIN R Y. in
1903. as a conSRQanization.—
Sept.,

dation of the Fond du Lac St. Ry. & Light Co. and the Fond du
Lac & Oshkoi-h Elect. Ry. Co. Comprises the entire street railway,
electric-lighting and gas plants in Fond du Lac. Franchises expire in
1951. Has contract with city of Fond du Lao to light streets, expiring in 1913
Outstand'a.
Interest.
Maturity.
Stock
Bonds— Date.
Stock,$500,000($100) ....
$450,200
Prior liens
246,500

&

1st mort,$l. 500,000) 1903
625,000
5g. A-O
Oot 1, 1923
gold ($1,000). ..c*i Interest at Milwaukee Trust Co., Trustee.
Bonds.- $600,000 are reserved for Improvements at 90 p. o. of cost
and $275,000 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 Fond du Lac and between Fond

du Lac and Oshkosh. 70-lb. T rails.
EARNINGS— For year ending Dec. 31, 1905: Gross, $175,665; net,
after taxes, $55,147.
Officers— 1st Vice-Pres. & Sec'y, Frank B. Huntington; 2d V. P.
Gen. Mgr., M. C. Draper; Treas., Wm. E. Cole— V. 77, p. 1533; V. 81,
p. 668, 974.

A

FORT DODGE, IOWA.

FORT DODGE LIGHT & POWER CO.-Trolley.
In Jan., 1906, the Newton * Northwestern KR. purchased the company's street railway

Company now does only a gas and

lines.

elec-

tric business.

Organization— Organized in Iowa. Operates the entire gas and
electric-lighting business of Fort Dodge. Gas franchise perpetual.
Elec.-lighting franchises are exclusive and run for 25 years from 1 898.
Outstand'g.
Date.
Interest.
Maturity.
Bonds—
Stock

&

None

Common, $400,000

200.000
5 g.
225,000
1st mort., $350,000.) 1903
See text
Int. at Chicago Title & Trust Co., Trustee.
gold ($1.000)
s
Bonds— The bonds mature in numerical order as follows: $5,000 per
annum for 5 years beginning Feb., 1909; $6,000 per annum for next
5 years; $10,000 per annum for following 5 years, and the remainder
on Feb. 1, 1923. Entire issue, however, may be called on or after
Feb., 1908, at 105 and interest. Of the $350,000, $75,000 have been
issued to refund prior liens and $150,000 used to rebuid existing
property; $125,000 is reserved for future betterments at 90% of cost
after 1906. See V. 76, p. 1248.
Earnings— For calendar year 1904, gross, $61,128; net, $21,171.
OFFICERS— Pres., O. M. Oleson; Vice-Pres., Robert Healy; Sec'y. and
Treas., M. F. Healy; Supt, W. M. Healy.— V. 78, p. 1167; V. 82, p. 333.
Pref., 6

p.o. $200,000

FA

FORT SCOTT, KAN.
THE FORT SCOTT GAS & ELECTRICsucoessorto
CO-190o and
Kansas
ORGANization— Incorporated
in

in

is

the Fort Scott Electric Light & Power Co., Citizens' Electrio Street
Ry.. Fort Scott Steam Heating Co. and Fort Scott Gas Co.
Date. Interest. Outstand'g.
Maturity.
Bonds—
STOCK
Stook, $300,0^0 ($100)
$300,000
5 g. A-O
200,000
Apr. 1, 1922
1st mortgage, $250,000, ) 1903
c* < Int. at Chicago Title
Trust Co.. Trustee.
gold ($500), s. f
Bonds —Of the $250,000 authorized, $50,000 are reserved for extensions. 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
and 1913, $4,500 p. a in 1914 and 1915, $6,000 p. a in 1916 and
1917, $7,000 p. a., and from 1918 to 1921, inclusive, $10,000 p. a
Earnings —For calendar year 1905, gross, $68,647; net, $31,467;
fixed charges. $13,487; surplus. $17,980.
Road.— 9 miles of traok in Fort scott Gauge, 4-ft 45-lb. T-ralls.
OFFICERS —Pres. and Mgr., Grant Hornaday; Vice Pres. C. F. Martin;
Secy., F. A. Hornaday; Treas. and 8upt, F. D. Martin. V. 77, p. 1294.

&

A

:

;

,

FORT SMITH, ARK.

FT.

SMITH LIGHT & TRACTION CO-

Organization— Incorporated in Arkansas on April 13, 1903, and is
a consolidation of the Fort Smith & Van Baren Light & Transit Co.
and the Fort Smith TraotioM Light & Power Co. Does the entire light,
gas and street railway business of the city.

STOCK & Bonds—
Common, $950,000 (S100)

Date, interest. Outstanding.

Maturity.

$950,000
650,000
Pref. ,$650,000
1904 5 g. Q-MiB 890,000 Dec.15,'44
Consol. mtge, $1,500,000, C
gold ($1,000)..
c* \ Int at Cent Tr. Co. of 111,, Chic, Trustee
1903
5g.M-N 200,000 May 1, 1933
1st mortgage, $300,000, g., \
c I Int. at St. Louis Union Tr. Co.. trustee.
($1,000)
Stock dt Bonds. The preferred stook is 5 p.o. and is cumulative after
Jan. 1, 1907. 1st mtg. bonds have no sinking fund, but all or any
part of bonds subject to call after one year upon any interest date.
Of the $1,500,000 new consols, $200,000 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 sinking fund of
$15,000 per annum commences Deo. 15. 1914. V. 80, p 996.
ROAD—Operates 17 miles of traok on 12 miles of streets in Ft. Smith
and suburbs. Standard gauge, 56-lb. and 60-lb. T rail.
Officers—President, W. R. Abbott; Vice-President, H. M. Byllesby;
Sec, Jas. Bruszolard; Treas Geo. Sengel; Mgr., Weare Parsons—V.
76, p. 1084, 1143; V. 79, p. 2085; V. 80, p. 996.
($100),;sve text

—

.

FORT WAYNE,

IND.

FORT WAYNE & WABASH VALLEY TRACTION CO-- A trolley road. (See map on page 39.)

Organization -Incorporated in Indiana on May 29, 1903, as the
Wayne Logansport Lafayette & Lima Traction Co.. but name was
changed to above on Feb. 17, 1904. Owns the Fort Wayne Traction
Co., the Lafayette Street Ry, the Logansport Ry. Co., the Logansport
Fort

Rochester A Northern Traction Co., the Wabash River Traotion Co.
and the Wabash Logansport Traction Co. In Oct., 1904, purohased
the Ft. Wavne <fe Southwestern Trac. Co., which had previously acquired the Ft. Wayne Electrio Light A Power Co. 8ee V. 79, p. 1955,
2147. Owns
Traction Co.,
but some are
the bonds for

entire capital stock of the Ft. Wayne Bluffton <fe Marion
which see below. Franchises expire from 1935 to 1991,
perpetual. Chandler Bros.
Co. of Philadelphia offered
sale in 1905.

A

—
STREET RAILWAYS

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1

CONNECTING LINES

|

Fort Wayne & Wabash Valley Traction Co.
Indiana Union Traction Co.
Indianapolis Traction & Terminal Co. -* -

-----

sCannelt

t>al^J6»
tV
p

HB
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Wabash Valley
Traction Company
ne 6l

I.

BBB
—

*

f

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-^—-—

—— — —— —

147 Miles.
«

2m
136

"

Ft. Wayne & Wabash Valley Traction Co.
Projected Extension Ft. Wayne & Wabash Valley Traction Co.
Indiana Union Traction Co. (lessee of Union Traction of Indiana),
Other Electric Railways.
Projected Electric Railways.

J

:

[Vol. lxxxii.
STREET RAILWAYS
Outstand'g.
Maturity
FREDERICK, MARYLAND.
$6,000,000
FREDERICK & MIDDLETOWN ELECTRIC
oon
l.ow.uuw
road.
RAILWAY-A

40
Stock & Bonds—
Common. $6,000,000, $100
see

Pref.,

text,

$1,-

Int.

1 *n(\

?

$100

500,000

Date.

f

trolley

5g.M-S
1st cods. M.. $7,500 000, < 1904
5,551,000 Mar. 1, 1934
gold ($1,000)
o* i Int. at Tr. Co. of No. Amer., Phila., Trust.
275,000
1931.
Wab. Riv. Tr. Co. 1st M. S1901 5g.F-A
$350,000, ($1,000) g., o A I Int. at N. Haven Tr. Co. N. Haven, Trust.
Ft. Wayne Tr.M., ($1,500,000), g. ($1,000) ... o*

1929.
$1899 4g.A-0
See text.
Int. at Guard. Trust Co.. Cleveland, True.
I
Laf.St.Ry. lstM.,r$l,000 51893
6J-D
225,000 June 1, 1913
each) $225,000
o* i 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. arc listed on Phil.

Stock Exchange.
Bonds— Of the new mortgage for $7,500,000, $584,000 are reserved
to retire underlying liens and the remainder ($1,365,000) for improvements, extensions, etc., at 85 p. c. of cost, and for acquisitions only
when net earns, are 25 p. o. in excess of int. charges. See V. 78, p.
2011. The amount of Ft. Wayne Tract. Co. bonds out is $79,000. In
addition to bonds noted above, there are $3,500 bonds of the Logansport Ry. outstanding. The new consols of 1904 are not subject to
call before maturity. The Wabash River Traction Co. 5s of 1901 are
subject to call at anv time at 105 and interest.
Road— Operates 127 miles of main track, comprising the inside lines
in Ft. Wayne. Huntington, Peru, Wabash and Logansport, and the
interurban road connecting those cities; also the city lines in Lalayette. An extension to Lafayette is proposed. Total track, including sidings, 147 miles. At Logansport and Peru connection is made
for Indianapolis over the tracks of the Indiana Union Trac. Co. Rails,
60, 70, 72, 80 and 90-lb. Owns 5 power houses and 4 pleasure parks.
Has 81 closed and 8S open cars and 117motorequipments. Also controls the Fort Wayne Blnffton & Marion, which operates 23 miles of
track from Ft. Wayne to Bluflton. Controls entire electric light ana
power business of Fort Wayne.
Earnings—For calendar years ending Dec. 31
1905.
1904.
Gross earnings
,
$949,298
$834,801
Operating expenses
...
580,832
533.25*5

Netearnlngs
Other income

$368,466
199

Total income
Flxedcharges

$301,506

430

$368,665
317,859

$301,936
243,506

$50,806
$58,430
Levering Jones; Vice-Pres., Charles M. Murdock; Secretary, Stephen B. Fleming; Treas., Henry C. Paul.
DIRECTORS— Randal Morgan, J. Levet ing Jones and Bayard Henry
of Philadelphia; Henry C. Paul and Stephen B. Fleming of Ft. Wayne;
and James Murdook and Charles M. Murdock of Lafayette.—V. 79,
Surplus

Officers— President,

p. 151, 500,

(1) FT.

J.

1955, 2147, 2747; V. 80, p. 2219-

WAYNE BLUFFTON & MARION TRACTION CO.—A trolley

road.

Stock all owned by
Ft. Wayne & Wabash Valley Traction Co., which guarantees the bonds,
p. and i. Will be leased to guarantor for 89 years.

Organization.—Incorporated

STOCK

& Bonds—

8tock, $400,000
1st mort., $400,000,
gold ($1,000). guar.

Road.— Operates 23
70

rails—V. 81,

lb.

Bate.
?

in April, 1905

Outstand'g.
See text

Interest.

1905

5

g.

J-J

&

$400,000

Maturity.

July

1,

1935

Int. at Guar. Tr.
S. D. Co , Phila.. Trustee.
mites ot track between Ft. Wayne and Bluffton;
£

p. 507.

Organization.— Incorporated

Road

in Indiana.

is

vate right of way.

&

Bonds—

Dale.

entirely on pri-

Interest. Outstand'g. Maturity.

Com., +1,000,0*0, S100

$1,000,000
n.c, $100
1,000,000
Firs-t
mortgage, $2,000,000,) 1905
5g.
1,400,000
1930
gold
oMlnt at Fidelity Tr. Co., Phila., Trus.
Road.— Operates 63 miles of track from Ft. Wayne via New Haven,
Monroevil'e, Convoy, Van Wert, Middlepoint, Delphos and Elida to
Lima. Commenced complete operation Nov. 1, 1905. Standard
gauge, 70-lb. T-rail.
Officers— President, James Murdock; Vice-President, D. J. Cable;
Sec. and Treas., J. D. S.Neely. V. 80, p. 222; V. 81, p. 1436.
Pref., *1, 000,000,
.

5%

FORT WORTH, TEX.

.

NORTHERN TEXAS ELECTRIC

ing company.

CO.-A

hold

Organization.— Incorporated in Maine in Nov., 1905, and acquired
$2,387,800 of the $2,500,000 stock of the Northern Texas Traction
Co. Is managed by Stone & Webster, of Boston.
Date. Interest. Outst'd'g.
Stock
Bonds—
Last dividend.
Com., *2,500,0C0 ($100)
$2,387,800
P
2 3 ^800 March, '06, $1
(*0.0& moori'.f-'.l
Stock.— The preferred stock is redeemable at 110.
Ditidends.— First dividend on pref., $1, paid on March 1, 1906.
OFFICERS— President, John W. Hallowell; Secretary, Henry R.Hayes;
Treasurer, A. Stuart Pratt.-V. 81, p 1724, 1793.

&

M&8

(1)

'

NORTHERS TEXAS TRACTION CO.— A trolley road.

Organization— This was formerly the Fort Worth Street Ry.

Co.,

chartered by the Texas Legislature in 1874, for 100 years. In 1901 apfrtication for amendment to charter was granted, changing its name to
he Northern Texas Trac. Co. The Traction Co. then purchased the
City Ry., and in 1901 obtained legislative permission to extend its
road from Fort Worth to Dallas, a distance of 30 miles. In 1902
purchased the Dallas & Oak Cliff El. Ry. and redeemed that company's
bonds; also acquired the Glenwood & Polytechnic College St. Ry.
Date.
Stock
Interest. Outstanding. Maturity.
Bonds—
Stock, $2,500,000 ($100)
Q-F
$2,500,000 Nov.,'05, \%
5g/--J- ^ 2^85,000 Jan. 1, 1933
1st mortgage, $2,500,000 5 T1 9°3
Int> at Clt s 8av & Tt Co - Cleve., Trustee,
($1 000) g., no s f
W>i,uw) g
a* i
s. i...c
or at Guaranty Tru8t Co New York
^
Bonds— Of the new bonds, $115,000 are reserved for addt'ns, impv'ts
and future extensions. All underlying bonds have been canceled.
Are subject to call on Jan. 1, 1908, on Jan. 1, 1913, and on any interest date after 1913 at 105 and interest.
Dividends— First dividend of Hg p. c. paid Aug. 1, 1903. In 1904,
33» p. c. in 1905, 3 p.c.
Road and Equipment.— Owns 27*s miles in Fort Worth and a line of
oO miles from Fort Worth to Dallas, which was put in operation on
June 18, 1902, and 10 miles in Dallas. Total track, 67^ miles. All
tracks
Ft. Worth have been relaid with 56, 60, 65 and 70-lb. rails,
f or interurban use, 70-lb. rail, standard guage.
REPORT— For 12 mos. ending Oct. 31, 1905, gross, $640,252; net
fc25,,8id; interest, $119,250; surplus, $138,5.8.

&

-

-

.

^

m

&

Interest.
Outstand'g.
Maturity.
Dale.
BONDS—
STOCK
8tock, $100.000
$45,000
120,000
Jan. 1, 1922
1st mortgage. $120,000 < 1903
5 g. J-J
Maryland Trust Co.. Baltimore, Trustee.
gold ($1,000)
c <
Bonds are subject to call after 10 years at par, or at any time at 105
and int. Interest is payable at the Citizens' Nat. Bank in Frederick.
ROAD—Frederick to Middletown, 9 miles which, with the lease of
the Catoctin & Myersville Electric, Myersville to Middletown, 5*2
miles, constructed in 1898, makes a total of 14^ miles operated.
OFFICERS— President. Jas. E. Ingram Jr.; Vice-President. J. Roger
McSherry; Sec, E. L. Coblentz; Treas., Thos. H. Haller.—V. 81, p. 1100.
;

FREDONIA, N. Y.
& FREDONIA RAILROAD-

DUNKIRK
A
trolley road.

In Jan.. 1906,

it

was reported that

control had ohanged hands.

V.

82, p. 333.

Organization— Chartered April 21, 1864. Company is also engaged
and steam heating, the expenses of these departments being included in the railroad operating expenses and the receipts are shown in other income. Ln June, 1897, purchased Fredonia
Natural Gas Light Co. (capital stock $40,000) and has siuoe operated it.
Authorized stock of this Gas Light Co. was Increased in April. 1903.

m electric lighting

only $40,000, however, is outstanding. In June, 1903,
leased the Buffalo Dunkirk & Western RR.'s Dunkirk and Point
Gratiot branch for the summer season and again for summers of 1904

to $100,000;

and 1905

STOCK

& Bonds—

Intenst.

Date.

Outstand'g.

1st

mortgage, $40,000

2d mortgage, $21 ,00»
Fund. & ref. M., g., $100,000( $100, 500 <s $1,000)

)

1891
1898
1902

Maturity.

Seelext.
$173,250
40,000 July 1,1911
21,000 July 1,1911
3W.000 July 1,1952

Stock, $200,000 ($100;

5 J-J
5 J5g. J-J

Fidelity Trust Co., Buffalo, Trustee.
Stock.— In April, 1903, was authorized to increase capital stock to
$200,000, the increase to be used in paying stock dividends from time
to time as net earnings are used for improvements.
Bonds— BoDds of 1902 are subject to call on any interest date at 103.
$61,000 are reserved to retire the prior liens. No sinking fund. Mortgage covers $39,500 of the $40,000 stock of the Fredonia Natural Gas
Light Co. See V. 75. p. 1147.
Earnings— For fiscal year ending June 30, 1905: Gross from all
sources), $58,789; net (after taxes), $21,5 12; int., $5,000; bal., $16,512.
DIVIDENDS.— In 1903, 10 p.c. in stock and 9 p.o. in cash; in 1904, 15
p.c. in stock and 9 p.o. in cash; in 1905,5 p.c. in stock and 3 p.c. in cash.
Road— Owns 3*$ miles of single and one-fifth miles of second track
and leases 3*4 mile*; total aboat 7 miles; 30 cars.
Clarke; Vice Pres.,H. W. Noble, Detroit;
Officers-— President, H.
Secret'y-Treas K. G. Bumpus, Fredonia.— V. 75, p. 1147; V. 82, p. 333.
s

M

,

FREEPORT,

ILL.

FREEPORT RY., LIGHT & POWER CO-Franchises expire March
1923. Has

Organization—
rangement for 50 years with the Rookford

traffic ar-

1,

&

Freeport Electric Ry.,
allowing cars of that company to enter Freeport. Also has contraot
for city lighting.

Stock

FORT WAYNE VAN WERT & LIMA TRACTION CO.— A trolley road.
Stock

In Oct., 1905, a majority of the stock and all the bonds were acquired by the Baltimore & Frederick Electric RR. V. 81. p 1100.
Organization— Commenced operation in fall ot 1896. Thecompany
In August, 1901, leased the Myersville & Catootin Electric Ry. for 10
years from Feb. 1, 1904, on which date the old lease expired. For
terms of lease see V. 73, p. 287.

&

Bonds—

interest. Outstand'g.

Date,

Couimon,$200,000, $100
Pref., 5 p. o non-cum. )

Maturity.

$200,000
150,000

$150,000, $100...
5
1903 5 g M-N
28 2.000
See text.
1st mortgage, $350,000 >
gold ($i\000).
..o* \ Amer. Trust &Sav. Bank, Chicago, Trustee.
Bonus —Interest on the above issue is payable at the offices of
Rudolph Kleybolte '; Co. in New York, Cincinnati and Chicago. Bonds
are subject to call after May 1, 1913, by lot at 105 and interest.
$68,000 are reserved for future improvements at 80 p. c. of cost.
Maturity of the bonds is as follows $10,000 due May 1, 1908 $5,000
due in each of the years 1910, 1912 and 1913, and $5,000 annually
sinking fund
from 1915 to 1821, inclusive; the remainder in 1922.
provides for the payment of $2,000 per annum for first 10 years and
annum thereafter.
$5,000 per
Earnings— For calendar year 1904, gross, $57,500; net, $19,900.
ROAD—Operates 8 miles of track 60 and 90-lb. rail. Standard-gauge.
OFFICERS— President and Gen. Mgr . A. J. Goddard; Vioe-President,
Fred. Dormon; Sec, W. N. Cronkrite; Treas., W. J. Smith.
:

;

A

T

FRESNO, CAL.
FRESNO TRACTION CO.-A trolley road.
Organization—Incorporated in California in 1903 in the interest of
H. E. Huntington of Los Angeles, to build 196 miles of electric railway,
including lines from Fresno to Wawona, 79 miles; Fresno to Selma,
Fresno to Trimmer's Springs and Fresno to Central and Washington
Colonies. Stockholders in 1904 authorized a mortgage to secure
$5,000,000 bonds. V. 78, p. 1222.
Date. Interest. Outstanding.
Maturity.
Bonds—
Stock
Stock, $5,000,000
(?)
Fresno City Ry. 1st M., ) 1902 6 g, J-J
150,000
Jan. 1, 1922
$150,000,g. ($l,000).o* 5 Cal. Safe Dep. &Tr.Co., San Fran., Trustee.
Bonds -A sinking fund of $3,000 per annum for first 2 years,
$5,000 per annum for next 5 years, and $7,500 per annum for next 10
years oommenoes on Jan. 1, 1905. Bonds oannot be called. Interest
payable in New York and San Francisco.
Road—The old Fresno City Ry. operates 15 miles of traok in and
about Fresno. Standard gauge. 61-lb. Trail.
OFFICERS— President, A. C. Baloh; Mgr., A. G. Wlshon; Sec, W. E.
Durfey, Visalia.— V. 76, p. 1192; V. 77, p. 1746; V. 78, p. 1222.

&

GALESBURG,

ILL.

GALESBURG RAILWAY & LIGHT
Incorporated
tion of

CO.-

Maine in 1904, and is a consolidathe Gales burg Electric Motor & Power Co. and the Galesburg

ORGANIZATION—

in

Gas & Electric Light Co.
STOCK & Bonds—

Date. Interest. Outstand'g.
Maturity.
Stock, $1,500,000, ($100)
$1,000,000
New Mtge., $1,500,000, gold) 1904 5 g. J-J
630,000 July 1, 1934
$1,000)
c S Int. at Portland Tr. Co., Portland, Me.,tr.
Galesb.G.&E.Lt. 1st mtge.. ( 1899 5 g. A-O
350,000 Apr 1.1919
$350,000 ($1,000;
cjlnt. at Portland Tr. Co.. Portia nd,Me.,tr.
P., mtge., > 1902 5 cur.M-S, 171.000 Sept. 1, 1912
Galesb. E. M.
$205,000, gold ($1.000).c* S Int. at First Nat. Bk., Galesburg, Trustee.
Bonds— The new $1,500,000 issue is subject to call on any interest
date at 105 and interest; no sinking fund; $521,000 are reserved for
the prior liens and $349,000 for extensions and improvements. L. F.
Wertman, President Fir3t National Bank. Galesburg, is trustee of
the Galesburg Eleo. Motor
P. Co bonds. These bonds may be
called 3 years after date at 103.
ROAD—Owns 16 miles of track laid with 60-lb. T rails, in Galesburg;
111., extending also to East Galesburg and Knoxville;
also three ex-

&

&

—

)
.

STREET RAILWAYS.

Feb., 1906.]

tensions aggregating l miles built and put in operation in 1900. Total,
20 miles. Operates 42 oars. Has built a new power house to generate
current tin- both the street railway and electric-light plant, and will
alto do steam beating. See V. 78, p. 2384.
Officers— President, Seo. P. Dnncan; secretary and Treasurer,
Edward Woodman. Portland, Me.; Manager, H. E. Chubbuck, La 'Salle.
-V.76, p. 868; V. 78, p. 2384.

PEOPLE'S TRACTION CO-A trolley road.

ObQanizatio- — Incorporated

Stock

&

Bonds-

Date.

in Illinois
Interest.

on

May

10, 1901.

Maturity.

Outsiand'g.

$150,000
March 1, 1922
150,000
1902
5 g. M-S
1st mort.. $150,000)
gold, ($100) c.*.fcr. s
Interest at Farmers' & Mech. Bank, Galesburg.
L. A. Townsend is
];i>>i(ts.— Are subject to call after 10 years at 105.
$170,000. $100

8t'k,

frm ftt"ft ft

Road- Operates 1213 miles of track from Galesburg to Abingdon.
Standard gauge, 60-lb. T rail.
Pres A. P. Higgins; Vice-Pres S. R. Swanson; Seo.Chas. 8. Harris;
Treas.. J. L. Buikhalter; Gen'l Mgr.. T. W. Peterson.— V. 75, p. 1232.
,

,

GALION, OHIO.
THE OHIO CENTRAL TRAC. CO.
This
one
the Pomeroy-Mandelbaum roads.

-A

trolley road.

of

is

1, 1903, under laws of Ohio
a consolidation of the former Ohio Central Traction Co. and the
Mansfield Crestline
Gallon Ry.
Outxtnnd'g.
Maturity
Date. Interest.
Stock ano Bonds—

Organization— Incorporated on March

and

is

<Sfc

Common, $750,000

$750,000
400,000
Pref. 5% cum., $400.000
150,000 June 1, 1919
5 g. J-D
1st mort., $150,000, gold ) 1899
($1,000) o*.nos. f
5 Int. N.Haven Tr. Co.,N Haven.Conn., Trust.
250.000 Mch. 1. 1923
5 g. M-S
PoT,snl mfrt «ino nod ( 1903
*
".'
1 Int. at Cleveland Tr. Co., Cleveland, trustee.
Id
($500)
or at Nat. Bank of Commerce, New York.
Bond*.— No s. f. on either issue, but 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. 1 st mtg. was
originally $200,000 authorized but $50,000 canceled subsequently.
Earnings— For calendar year 1905, gross, $83,bl5: net, *29,758.
Road, Etc.— Owns 29 m, of road from Gallon to Bucyrus and from
Galion to Mansfield, latd with 60-lb. T rails. Also owns Seceaium
Park, containing a theatre, pavilion, bowling alleys, museum. Ac.
Officers— Resident, F. T. Pomeroy; 1st Vice-President, L. M. Coe;
2d Vice-President, M. J. Mandelbaum; Secretary and Treasurer, L. M.
Wolf; General Manager. T.C.Cherry, Galion; Auditor, A. T. Long,
Galion. Gen. offices, 215 Gardeld B'l'd'g, Cleveland, O.— V. 76, p. 752.
'

TEX.
GALVESTON,CO.-A trolley
GALVESTON ELECTRICon May 1905, as road
successor
Organization — Incorporated in Texas
1,

to the Galveston City Ry., control of which had been purchased by
interests represented by Stone A Webcter of Boston. See V. 80,
p. 1971. Franchiee expires in 1950.
Maturity.
Date. Interest. Outstanding.
BONDS
STOCK
Common ($1,000,000)
$1,000,000
*50.ooo March '06,3%
M-8
Preferred ($1,000,000)
1,000,000 May 1, 1940
1st mort
*2 500 000 ^ 1905 5 S- M-N
™i^,ei oonf'
«*'S Int. at City TrustCo.. Boston. Trustee, or at
goia (!)>i,uuu)
c
company's agency In New York.
^
Bond*.— $1,500,000 reserved for additions and improvements at 80
p. o. of cost. A sinking fund of 1^ p o of bonds certified begins July
1, 1906, if earned, and on July 1, 1911, becomes a fixed charge.
Bonds are subject to call on any Interest date at 110 and int. en 30
days' notice. See V. 81, p. 975
ROAD— Embraces 34-3 miles of track
Earnings.— For 8 months ending Dec. 31, 1905, gross, $194,597;
net, $77,215; fixed charges, *33,333; surplus, $43,882.
Officers.— Pres., Guy E. Tripp; Vice ires., Wilbur A. Carter; Sec,
Henry R. Hayes; Ass't. Sec J. Coolidge Cottin; Treas., A. Stuart
Pratt; Ass't. Treas., A. Droullhet and John 8ealy.-V. 72, p. 87; V. 79,
p. 151; V. 80, p. 1971; V. 81, p. 975.

&

'

41

&

Interest. Oustand'g. Maturity,
Date.
Bonds—
STOCK
$400,000
Stook, $400,000 ($50)
1905
540,000
1935
5 g. A-O
1st cons. M ,$1,450,000. g. )
.e* S Int. at Fidelity Tr. Co., Phila., Trustee.
($500 and $1,000)
Bonds Of the $1,450,000 authorized, $^05,000 are reserved toretire the underlying liens In statement below. Are subject to call before 1910 at 105: thereafter at par an 1 interest.
Earnings.- From April 17, 1905, to Jan. 31, 1906, gross, $162,915;
net, after taxes, *»0,211. Interest, $50,347; surplus, $<s9,864
Officers— Pres., G. H. Gerber, Reading; Vice-Pres., J. C. Biddle;
See, MacHenry Wilhelrn. Ashland; Treas., D. J. Langton, Shenandoah. V. 80. p. 1729.
TRACTION CO.-A trolley road.
( 1 ) SCHUYLKILL
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
GirardvilleA Ashland Street Railway. On Oct. 5, 1893, leased for
999 years the Ashland ooustdale <fe Centralia Elect. Ry. Owns all
the stock of these i 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 2,600 of the 5,000 shares of the capital
stock. On Jan. 24, 1901, leased the Shenandoah &. Pottsville Street Ry.
for 999 years (incorporated Aug. 1, 1900), from Pottsville to Shenandoah, 13 miles, and bought all its capital stock. The Lakeside and
Pottsville stock are pledged under consol. mort.
Shenandoah
Maturity.
BONDS— Miles. Date. Interest. Outsl'ing.
STOCK
.

!

&

&

lR

feft

gi')22^i 1893 5 g A-O
$500,000 Apr. 1, 1943
ii^A
i?.Vnn« ;,VJw „*ti; ^Interest is paid atEquit.Tr. Co., Trustee. Phila.
Bonds may be purchased for sinking fund at 105.
'98
1
(

A

o*

IstM. Lakeside Ry,"
g.,

$150,000. guar,

by Schuylk. Trac.
New con. M. $2,000,-

5^

000, $1,000, gold.c*

1893

4gM-N

150,000

Nov.

1,

1923

Interest at Equitable Trust Co., Phila., Trustee.

.

....

19014i«gJ-J

*1

05,000

July 1,1951

Interest at Fidelity Trust Co., Pmla., Trustee.

* 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 percentof bonds outstanding becomes operative on Aug. 1, 1907.
Road— Schuvlkill Traction Division 22^ miles of track, beginning
at Locustdale, thence through Ashland, Holmesville to Girardville,
forming there a Y, one branch running through Lost Creek to Shenandoah and the other branch to Maizeville, Gilberton and Mahanoy City.
Lakeside division, 5^a 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 and 2 snow sweepers. Extensive improve1729.
ments have been made— V. 80,
i».

GLENS FALLS, N. Y.
HUDSON VALLEY RAILWAY.-A
May
Jarvis
O'Brien of

trolley road.

P.
Troy was apReceivership— On
27, 1905,
pointed receiver, interest on the consol. bonds being in default; but
receivership was rescinded on Dec. 3, 1905, by the Supreme Court V.
81 p. 1723. The Merchants' Trust Co. New York, which suspended in
May, 1905, held $1,136,000 of the new consol. bonds and $1,000,000
stock and $110,000 stock and $1 10.000 bonds of North River Ry. V.
s-0, p. 2344.
In June, 1905. the Colvin^syndicate purchased these sec urties from the trust company for $865,000. V. 80, p. 2621; V a 1, p.
559. 777, 975.
Reorganization.— In Dec. 1905. the reorganization committee proposed a plan of reorganization whi h requests holders of consols, to
exohange'/Op c. of their holdings for 5% non-rum. income '^"debenture bonds; the $200,000 bonds thus released being exchanged for
the North River Ry. 5s. North River Ry. 4% guar, stock is asked to
exchange for a like amount of 2% non cum 2nd inc. "B" debentures,
wnich are convertible after 2 years into 5% non-rum. pref. stO' k.
Holders of notes and rental due will be given $245,000 in these deb.
"Bs" and $1,500,000 are to be taken by stockholders at 30. Common
stock is to be put in a voting trust for 5 years. For plan in full, see
,

V. 82, P. 100.

GARDNER, MASS.
GARDNER WESTMINSTER &
BURG STREET RY.—

FITCH-

In December, 1899. absorbed the

Gardner Electric Street Ry.

STOCK

dk

BONDS

Date.

Outstanding.

Interest.

Maturity.

Stock, $185,000 ($100)
1st mortgage ($1,000)

$185,000
1900 5 g. F.-A.
)
150,000
Feb. 1, 1920
Int. at Mercantile Trust Co., Boston, trustee.
o* S
$150,000, g
Owns 12 miles of main track from Gardner, through South
Road—
Gardner and Westminster to Fitchburg, where connection is made
with the Fitchburg & Leominster Street Ry.; also constructed a branch
line to Wachusett Lake, which was opened for traffic on May 26,
1900, but Is operated as a summer branch only. Total, 16 miles.
EARNINQS-For year ending Sept. 30, 1905, gross, $62,300; net, $25,121; charges, $16,148; surplus, $8,973.
OFFICERS— President, Frederick S. Coolidge, Fitchburg; Vice-Pres.,
E. F. Blodgett, Leominster; Seo'y, Treas. and Gen. Counsel, James A.
Stiles, Gardner; Asst. Treas.,Walter E. Dame, Clinton.— V. 69, p. 1247.

GENEVA, N. Y.
GENEVA WATERLOO SENECA FALLS &

CAYUGA LAKE
May,

TRACTION-Trolley.

In
1905, control of road changed hands, and it is supposed
N. Y. Cent, interests are the new owners. See V. 80, p. 2344.
Organization— Chartered March 18, 1895, as a consolidation of the
Geneva & Waterloo and other companies. Owns the Cayuga Lake
Park property of 50 acres. V. 60, p. 562.

Stock

Com.

&

BONDS—

Date.

Interest.

Maturity.

Outstan'g.

stocK, par, $100
stock, $100,000, $100

$350,000
PL
6
100,000
1904-5,6%
lstmort., $500,000 ($500? 1895
4 g. A-O
450,000 Apl. 1, 192o
and $1,000) gold
o* $ Int. at West End Trust Co., Phila., trustee.
Bonds— $50,000 of bonds are unissued. Interest on bonds was
formerly 6 per cent, but in 1900 rate was reduoed, by consent of
bondholders, to 4 per cent
Road—The road extends from Geneva to Cayuga Lake Park through
Waterloo and Seneca Falls, 17 miles; sidings, \ miles. Rails 70-lb
jrtrder and 60-lb. T. Track standard gauge. Operates 25 motor cars,

snow plow, 1 sweeper.
Earnings— For fiscal years ending June

8 trail cars, 1
Year.

1905
1904

Gross.

Net.

Other Inc.

30:

Int.&Tax.

Surplus.

Dim.

$83,015
78,178

$30,324
$3,398
$20,745
$6,977
$6,000
28,087
397
20,930
7,554
OFFICERS— Pres., Isaac M. Thomas, Wilkesbarre, Pa.; Vice-Pres.,
W. S. Grant Jr., Philadelphia, Sec, Treas. and Gen. Mgr W. C. Gray,
Seneca Falls; Supt., Howard Gray, Waterloo.—V. 80, p. 2344.
,

GIRARDVILLE, PA.

SCHUYLKILL RAILWAY CO on July 20, 1903, and
Organization— Incorporated in Pennsylvania
purchased the property of the Schuylkill Traction Co. and the Lakeside Ry. Co. V. 80, p. 1729.

Organization-— Incorporated August 15. 1901, by the Powers
Colvin Syndicate [in October, 1902, Mr. Powers dispose of his
Interest] as a consolidation of the Glens Falls Sandy Hill & Fort
Edward Street Ry., Warren Co. Ry., Stillwater & 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 comany. See Chronicle, V. 73, p. 391.
Has contract with the United Traotion Co. giving it permission to run
cars over their tracks into the cities of Albany and Troy. Carries
freight and express as well as passengers.
In April, 1903, leased the North River Ry. Co, a road operating in
Saratoga to a connection with the track of the Hudson Valley Ry., for
48^ years from July 1, 1903, at 4 p. c. on the $200,000 capital stock.
The stook of the North River Ry. is all held in a voting trust in the
Interest of the Hudson Valley Ry. The North River Co. bonds are
guaranteed, principal and interest, by the Hudson Valley Ry., but by
common consent neither the bond interest nor rental is being paid.
Date.
Interest.
Outstanding. Maturity.
BONDS
STOCK
8t'k,$3,000,000,par$100
$3,000,000
1901 5 K- J~J
3,518,000 July 1, 1951
NfiwPonsol Mortsaffe
(

—

&

Int at Baiters Tr. Co., N. Y., Trustee.

$4 000 ooom OOof-'c$4,000,000 (*l,000)g.c \ Mayb6 called at 110 & i u t. on any int. date.
^
e
8
N h
y
1903 5 «
200 000 ^n. 1,1952
S50 OOOO «ofd
000^ Glens Fail8JJ
Tru8t Company. Trustee.
guar prin& int
)
Underlying Liens
6 J-J
100,000 July 1,1911
GF.S.H.'&F.E.lstM. (no) 1891
op.) ($500<fe$l,000).g.o. 5 Central Trust Co., N. V., Trustee.
"J
6 J
50,000 July 1, 1913
do 2d m. (4500^ c I 1893
($oou)g.c.
do. za
^ Int at Qlen8 Fall8 Trugt COi> Glens FallSi Tp
"°
6A
82,000 Apr. 1, 1921
do <?dM<<R150 000ll 1901
do. dd m. ($150,000)
1902,
^ May be called at 100 on AprU 1( 190
1893
6 A-O
47^500 Apr. 1, 1913
J
Still. & Meoh. 1st M.
I Bank of D. Powers & Sons, Troy, N. Y .. Tr.
Mech. 2d mtge. ) 1898
Still. &
202,500 Apr. 1, 1913
... 5 Glens Falls Trust Co., Glens Falls. Trustee.
cons. $2S0,000
Loans June 30, 1905 ...
991,446
Bonds.— Of the $4,000,000 mortgage of 1901, $482,000 is set aside for
prior liens. See V. 73, p. 1160, 1207.
REPORT.—For fisoal year ending June 30, 1905, gross, $499,148;
net, $164,510; other Income, $7,169; total income, $171,679; fixed
charges, $251,339; deficit, $79,660.
Road-—Main line extends from Albany and Troy northward aloug
the Hudson through the villages and towns of Waterford, Meeha ao
ville, Stillwater, Schuylerville, Greenwich, Fort Edward, Sandy Hill,
Glens Falls and Caldwell to Warrensburg. The Saratoga division,
which branches oft from the main line at Mechanioville, provides a
line from Albany and Troy to Round Lake, Ballston and Saratoga,
with a branch from Saratoga Springs to Glens Falls, via South
Glens Falls, which branch was completed in June, 1903. Total
mainline 116.82 miles, of which 85 miles is over private right of way;
second track, 3 58 miles; sidings, 7-78 miles; operated under trackage
rights, 23-37, making a total of 152 55 miles of track. Rails 60, 70
and 80 lb. T- Standard gauge. Operates 154 oars, including 7 snow
plows, 2 electric locomotives and 7 express oars. Company owns Kay-

m

'

—

M

_

6AO

-

—

STREET RAILWAYS.

d'2
deross Park, at Saratoga Lake;

Ondawa

Park, between Greenwich and

Henry Park and the new Fort William

Sohuylerville; Fort William
Henry Hotel at Lake George.

OFFICERS—Chairman Ex. Com. John W. Herbert, New York; President and Gen'l Mgr., A. B. Colvin, Glens Falls; 1st Vice-President,
John W. Herbert, New York; Treasurer, F. L. Cowles, Glens Falls;
Secretary, W. L. Kiley, Glens Falls -V. 81, p. 559, 777, 975, 1723. V.
82, p. 49, 100.

GRAND

RAPIDS, MICH.

GRAND RAPIDS RY—Trolley and
1900, was incorporated
Organization, Etc.— In
third rail.

as a sue
oessor company to the Consolidated Street Ry. and 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.
Maturity.
Date. Interes Outstand'g.
Bonds—
Stock
April,

&

$2,000,000

8tock,coni., $2,000,000<$100^

0,000

^c

CUm

5

1.500,000 Feb., »06,1 4%
°* F
.\
(llOO)
June 1,'16
Gr. Rap. Ry. Co.*ist*M.""."6 ; t 1900 5 g J-D 2,865,000
S3.500.0u0, gold, $1,000.. < Int. at N. Y. Trust Co., Trustee.
Bonds, Ete.—Ot the new mortgage for $3,500,000, $615,000 is
reserved for permanent additions and improvements, and can only be
Issued for 85 per cent of the cost, and only "when the net earnings of
the company for the preceding year are eqaal to, or exceed, double the
interest charge on the total amount of bonds outstanding, including
those to be issued." Sinking fund becomes operative on Oct. 1, 1905,
payable 1 per cent of bonds out up to Oct. 1, 1910. then 2 per cent ud
to 1915 (See V. 70, p. 1149); $20,000 bonds were held in fund in Feb.
1906. Bonds cannot be called. See V. 72, p 1187. Bonds are listed
*

,

on New York Stock Exchange.
Dividends—Dividends on preferred stock are cumulative and 114 p c
quarterly has been regularly paid up to and including February, 1906
Road— Owns and operates 57 339 miles of track. 127 motor cars.
Officers— Pres., Clarence M. Clark, Phil.; Vice Pres., Lester J.
Rindge, Grand Rapids; Sec, Treas. and Gen. Man., B. S. Hanchett,

Grand Rapids;

Asst. Sec, C. FordStevens, Phil.— V. 78, p. 45, 287, 702.

GRAND
MUSGRAND RAPIDS road. Third HAVEN &President
system. The
KEGON RY.—
the Detroit Ypsilanti Ann Arbor &
D. Hawks,
President
Electric

rail

of

is also

J.

Jackson Ry.

ORGANIZATION-— Incorporated in Michigan on March 6, 1899, to build
an electric road on fenoed rightof way, connecting the three cities named
in the title, a total distance of 48 miles. The road was entirely comThirty-year franpleted and. put in operation about May 1, 1902.
chises In all towns through which it passes; otherwise private right of
way.

&

Interest. Outstanding.
Maturity.
BONDS— Date.
STOCK
Stock, $1,200,000
$1,200,000
let mort., $1,500,000) 1901
1,500,000
July 1, 1926
5g. J J
($1,000), gold ...c* 5 Int. at Standard Trust Co., New York, Trustee.
Bonds— The interest on outstanding bonds is guaranteed for 5 years
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. Total
track, 48 13 miles; 70-lb. T rail. Operates 19 passenger, 6 express and
one work oar. Road also does a freight business.
I OFFICERS— Pres, James D. Hawks, Detroit; Vice-Pres. and Gen'l
Mgr., »V. K. Morley, Grand Rapids; Sec and Asst Treas.. Wallace
Franklin, Detroit; Treas., Carl M. Vail, New York.— V. 76, p. 479.

—

-

GRAND RAPIDS HOLLAND & CHICAGO
RAILWAY Michigan
July, 1904, and
a
Organization— Incorporated
in

in

-

Michigan Rapid Ry.

STOCK

&

BONDS

is

1904, of the Grand Rapids Holland & Lake
See V. 79, p. 627.
Date. Interest. Outstanding. Maturity.

reorganization on Aug.

1,

$850,000
500,000

Pref., $850,000, 6 p.

Common, $500,000
1st mort., G.R.H. &L.M.,) 19C0

5 g. F-A
1,389,500 Aug. 1,1920
$1,500,000, gold t$500>Int at American Tr. & Sav. Bk., Chicago,
Trustee, or at Guaranty Trust Co.. N Y.
&$1,000)
)
* Bonds— $110,500 of the bonds are held in treasury for improvements, etc. A sinking fund is provided of $5,000 per annum for tlrst 5
years, $10,000 per annum for seoond 5 years, $15,000 yearly for third
5 years and $25,000 per annum for fourth 5 years. Bonds are not
*
subjeot to call.
TRACK— Operates 75 miles of track from Grand Rapids through
Holland to Maoatawa and Saugatuck, with steamer connection at
Holland for Chicago.
Officers— President, Geo. Hendrie; Secretary and Treas., Strathearn
Hendrie.— V. 75, p. 1301; V. 78, p. 702, 768; V. 79, p. 627.

GREAT FALLS, MON.
GREAT FALLS STREET RY.-The property
road was sold at foreclosure in February, 1904, and purchased

of this

by

Trust Co., who is now sole
John D. Ryan, President Daly Bank
owner of it. No bonds or other Indebtedness. Comprises 82 3 miles of
<fe

track; E.

"

I.

Holland, Manager.

GREEN BAY, WIS.
GREEN: BAY TRACTION CO.-Trolley. and
Organization.— incorporated in Wisconsin in June, 1905,
consolidation of the
Construction Co.

Fox River

Elec. Ry.

& Power

Co.

is

a

and the Knox

$120,887
86,689

$78,595
$42,292
68.092
18,597
m ROAD— Owns and operates all lines in the City of Green Bay; also
a line from Green Bay to De Pere City, and branch to Duck Creek,
and a line from Green Bay to West De Pere, Little Rapids, Wrightstown and Kaukanna; total 40*78 miles. 45 and 78- pound rail; 22
motor cars, 12 trailers. Further extension from Green Bay to Manitowoc, 30 miles, is contemplated.
Officers— President, A. M. Murphy, Green Bay; Vice President
and Gen. Man., Geo. W. Knox; Secretary, B. L. Parker, Green Bay;
Treas., F. E. Murphy; Supt., M. J. Kinch; V. 81, p. 558.

GREENVILLE,

S. C.

GREENVILLE TRACTION CO.-A trolley road.
South Carolina on Sept.
1899.
Organization— Incorporated
&

in
Interest.

&

Interest.

trolley road.

Maturity.

Common, S400.000

$400,000
Pref., $200,000
200.000
let mtge., $375,000,)
375,000 July 1, 1924
1904
5g J J
gold ($1,000)
c \ Interest at International Trust Co., Boston.
Bonds- No s. f, but bonds are subject to call at any time at 120
and Interest. Trustee is Treasurer of State of Connecticut.
Road Operates about *0 miles of track from Groton, through Noank, West Mystic, Mystic, Stonington and Pawcatuck. to Westerly,
R. I. Put in operation on May 6, 1905. Conneots by ferry with New
London.
Officers.— Prest.. Thos. Hamilton, Groton; Vice P rest., B. F. Willlams, Mystic; Sec Chas. D. Noyes; Treas., Costello Lippitt, Norwich.
,

V. 80, p. 2344.

_

HACKENSACK, N. J.
NEW JERSEY & HUDSON RIVER
FERRY CO.-

RY. &

Organization— Incorporated at Trenton, N. J., on Feb. 27, 1900, as
a consolidation of the Bergen County Traction Co. and the Ridgetteld
and Teaneck Rv. Co. 8ee V. 70, p. 430. This company owns the entire
capital stock ($200,000). first mortgage bonds ($100,000) and second
mortgage bonds ($361,375) of the Riverside & Fort Lee Ferrj Co.
(owner of the West 130th Street Ferry) and the entire stock ($19,100)
and bonds ($187,571) of the Highland Improvement Co. These securities are all deposited under the $5,000,000 mortgage.
Company also leases the Hudson River Traotion Co., which see below.
for 99 years. Chiefly private right
Franchises perpetual, except one
of way.

Stock

&

BONDS—

Date.

8took, common $5, 000,000
Stock, pref. $750,000 6 p. 0.

Interest.

Outstanding.
$1,000,000

>

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

Maturity.

\

V-'lllll

509>000

Seebe low.

4 g. M-8
1st mort., $5,000,000 gold J 1900
2,715,000 Mar. 1, 1950
<Int. at U.S. Mtge. &Tr. Co., N.Y., Trustee.
($1,400) c*
Bonds— The amount unissued is reserved for extensions and improvements. Bonds can be called on and after March 1, 1905, on any
interest day at 105 and interest, upon six weeks' notice. V. 80, p. 998.
DIVIDENDS—The first dividend of 5 per cent on pref. stock was paid
on Feb. 15, 1901. In Feb., 1902, 6 per cent was paid. In Feb., 1903, a
scrip dividend of 6 per cent was paid. In Feb., 1904, the 1903 scrip
dividend was paid in cash and a new scrip dividend of 6 p. 0. paid. In
Fee, 1905, the 1904 scrip dividend was paid and a new scrip dividend
of 6 p. c. was paid. In Feb., 1906, the 1905 sorip dividend was paid
and a new scrip div. of 5 p. c declared.
Earnings— For calendar year 1905 gross, $35P,433; net, $147,024;
other income, $45,505; total income, $192,529; fixed charges, $146,336; sur., $46,193.

Road— Owns and operates 2754 miles of trackfrom W.130th St., New
York City (terminal at Edgewater), to Englewood, Hackensack and
Paterson. The Hackensack line was opened on June 21, 1900. Extension to Areola and Paterson of 5 miles was completed and put In
operation April 1, 1903; the oars of this company operating to Main
and Broadway, the business centre of Paterson, under traokage rights
from the Publlo Servioe Corporation. During 1902-1903 the property
of the Ferry Co. was reconstructed, new ferry boat built and new
ferry house erected. During 1905 new cut-off was built, giving double
track from Edgewater to Hackensack.
OFFICERS— Pres. A. Merritt Taylor; 1st Vice Prest., W. H. Clark;
2d Vice-Prest., Frank R. Ford, 24 Broad St., N. Y.; 3d Vice-Prest.,
W. N. Barrows; Secretary and Treas., 8. C. Stivers; Gen. Mgr., F. W.
Bacon. General offices, Edgewater, N. J.— V. 72, p. 242; V. 75, p.
1202; V. 77, p. 2390; V. 80, p. 998; V. 81, p. 31.

HUDSON RIVER TRACTION-

ORGANIZATION— Incorporated in New Jersey on Maroh 22, 1902.
Control of stock is owned by the N. J. & Hudson River Ry. & Ferry Co..
which leased this company on July 1, 1904, until March 1, 1950, rental
being net earnings of the lessor company. On Sept. 1, 1903, purchased
at foreclosure sale the Newark & Haokensack Traction Co. and took
possession of the property on Sept. 25.

STOCK

&

Bonds—

Date.

Com., $1,000,000, ($100)
Pref. 4% none, $500,000
1st mort. $1,000,000, gold

Interest.

Outstanding.
$1,000,000

Maturity.

235,100

5 g M-8
509,000 Mar. 1, 1950
Tr. Co., N.Y., Trustee.
($1,000)
J Int. at U.S. Mort.
Bonas— Are subject to oall on any int. date at 110. No sinking fund.
Road— Owns and operates l6 9m. of 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 Servioe Corporation. On May 16, 1904, opened a new line from
Hackensack via Hasbrouck Heights to Passaic and from Lodl to
Passaic, operated in conjunction with the Public Service Corp. In Aug.,
1904, commenced operating to Broad and Market sts., Newark.
Earnings— For year ending Deo. 31, 1905, gross, $74,408; expenses
$6\401; net, $7,007.
OFFICERS— President, C. A. Twining; 1st Vice-Pres., H. Mao Mullen, 24 Broad St., N. Y.; 2d Vice-Pres., W. N. Barrows; Sec. and
Treas., S. C. Stivers; Gen. Mgr., F. W. Bacon. General Offices, Edgewater, N. J.— V. 78, p. 4 7.
J

1902

&

-

HAGERSTOWN RAILWAY.-A
1896,
Organization— Chartered March

trolley road.
in perpetuity. No longer
electric lighting.

12,

has city contract, but furnishes commercial
Interests Identified with this company in July, 1901,purohased a
majority of the stock and all of the bonds of the Myersville & Catootin
Eleotrlo Ry.,but shortly thereafter directors of the latter made a new
lease of the road to the Frederick & Mlddletown Eleotrlo Ry., which
see on a previous page.
Bonds—Capital stock, $200,000; par, $50. First mortStock
gage is for $200,000 gold 6 p. 0. bonds, dated 1896, due May 1, 1916,
Interest, Q.-F., at Commonwealth Trust Co.. Harrlsburg, Pa.
Road— Hagerstown to Willlamsport and Funkstown, 13 m. of track.
Under the name of the Hagerstown & Boonsboro Ry. Co. an extension of 10 miles was built In 1902, Funkstown to Boonsboro. The
Hagerstown & Boonsboro has $120,000 stook and $120,000 bonds. An
extension of 7^ miles was completed in Dec, 1904, from Boonsboro
across South Mountain to Meyersville, where connection is made
with the Frederick & Mlddletown Railway, thus completing a
through line from Hagerstown to Frederick. This extension was
built by the Hagerstown A Meyersville Ry., which in Sept., 1904,
made a mortgage for $125,000. Total track, 30*8 miles. In Aug..
1905, the Hagerstown & Northern Ry. was organized with $120,000
stook and $120,000 5 p o. bonds to build 10 miles of traok to connect
with the track of tre Chambersburg Greer castle & Waynesboro Ry.
OFFICERS— President, Christian W. Lynch; Treasurer. Wm. Jennings;

&

8eo.

and

Supt.,

W.

C.

Hepperl e.

HAMMOND,

7,

Outstanding.
Date.
Maturity.
BONDS—
STOCK
Stock, $500,000. $100
$306,000
<
1901
5 F.-A.
250,000
Feb. 1. 1931
1st Mtg., $250,000, cur.
($1,000
$500) ....c* l Int. at Girard Trust Co., Phila., Trustee.
miles of track.
£ Road.— Operates 13
Officers— President, Joseph 8. Keen Jr.; Vice-Pres.,Harold P. Keen,
Sec'y, H. Bayard Hodge; Treas., Geo. M. Bunting; Manager, J. H.
Dawes, all of Philadelphia; Superintendent, G. H. Rettew, Greenville.

&

GROTON, CONN.
GROTON& STONINGTON ST- RY.-A
Outntand'g.
Date.
Stock
Bonds—

HAGERSTOWN, MD.

Date. Interest. Outstand'o.
Maturity.
Stock and Bonds.
Stock, $1,000,000. $100
$1,000,000
1905 5 g J-D
650.000 June 10, '35
1st mtge., $1,000,000, g., )
c$ Unif n Trust to , Detroit, Trustee.
u ($1,000)
Bonds.—Are subject to call at 105 until 1925; thereafter at par.
Earnings.— For calendar years:
Gross.
Year.
Operating exp.
Net.

1905
1904

[Vol. lxxxii.

IND.

HAMMOND WHITING & EAST CHICAGO
ELECTRIC RAILWAY-A
trolley road.

Organization—Chartered

Franchise expires In 1954.
Controlled In interest of South Chicago City Ry. V. 62, p. 86.
iHttdends.
Miles. Date. Interest. Outstand'g.
STOCK
23
Q-J
See text.
$510,000
Stock, $1,000,000 ..
Dividends.— 6 per cent per annum is being paid.

—

In

1892.

J

:

STREET RAILWAYS.

Feb., L906.I

Road— Owns 23 miles of track, extending from State line to Whiting,
East Chicago aud Hammond, and operates In connection with South
Chicago City -v. to 63d St. and Madison Ave. In Chloago.
OFFICERS— President, D. F. Cameron, Chicago; Vice-President, D.M.
CunimluKS: Seoretary «fe Treasurer. O. S. Gaither; Gen. Mgr, Geo. R.
Folds.— V. 79, p. 103

43

Report.— For the oalendar years du American currenoy). Report
1904 was given in full In V. 80, p. 657

for year

1904.
$1,247,486
23,139

1903.

1902.

Passenger earnings
Other income

$1,080,319
22,779

$864,865
7,407

Gross Income
Operating expenses

$1,270,625
709,408

$1,103,098
641,832

$^72,272
559,429

$561,217
423,608

$461,266
412,440

$312,843
334,704

$48,826

def.$21,861

•

HARRISBURG, PA.

PENNSYLVANIA on July 1903,
CENTRALIncorporated PennsylvaniaTRAC- CO -and
ORQanization—
In

9,

leased the Harrlsburg Traction Co. and subsidiary lines at a guaranteed rental of 6 per cent. The Harrlsburg Traction Co. stockholders
were allowed to subsorlbe for the new stock, share for share; has no
bonds. An assessment of 10 p. c. ($5 per share) was oalled on the
stock in Aug 1905. See V. 81, p. 725. On Oct. 17. 1903. aoquired a
majority of the $200,000 stock of the Peoples' Bridge Co. The Linglestown & Blue Mountain Ry. Co., which is controlled through stock
ownership, was put In operation to Llnglestown on July 1, 1904.
Owns entire stock of the Harrlsburg & Hiimmelstown Ry. and guarantees Its bonds, p. and 1.
Outstand'g.
Maturity.
Stock
BONDS— Date. Interest.
Stock, $-.2,100,000
$2,100,000(20% pd.)
,

&

1

"•ft? rSo^ ?*?)^ * X 1905
* } Int
$500)

H

-

April 1, 1935
105,000
5 A-O
at Harrl8bur « Tru9t Co •' Trustee.

^

MN

U
8
1905
*•
|200,000 g™. J Ai: i
Bonds.— Both Issues are guaranteed

200 000
AP ril !• 1935
p. and 1. by end. by the Central
Tr. Co. Of the Ling. & BL M. bonds, $20,000 are reserved for Penn.
extensions. Theso bonds are subject to call after 1915 at 105 and Int.
REPORT.— For tlsoal year ending June 30, 1905, gross, $529,525,
net, $256,390; rentals, betterments, taxes and interest, $220,339; sur'

plus, $36,051.
OFFICERS— Pres., F. B. Musser; Vice-Pres., B. F. Myers; Sec &Treaa.,
W. J. Calder; Supt., F. M. Davis.— 79, p. 626; V. 81, p. 725.
TRACTION— trolley road.
(1)

V
A

HARRISBURG

In June, 1903, was leased to the Central Pennsylvania Traction Co.
at 6 p. o. on stock. A stock dividend of 5 per oent was paid at that
time. Increasing outstanding stock to $2,100,000.
Last Div.
Par. Date. Interest. Outstand'g.
BONDS—
Stock
Harrisburg Traction,
6F-A
stock, $2,500,000...
50
$2,100,000 See text
Citizens' Passenger— $
1894 6g. M-N
75,000 May 1,1924
1st M., $75,000, gold ( Int. at Com'wealth Guar. Tr. Co., Harrlsburg
Leased to E. Har. Pass. Ry.—
Harris. City Pass. stk..
25
12 J$125,000 Lease rent
MlddletownH.&S.stk.
10 J50
100,000 Lease rent
The Traction Co. holds In its treasury $700,000 (all) stock of the East
Harris. Pass. Ry. and $235,000 (all) of Citizens' stook. V. 60, p. 873.
DIVIDENDS— The dividends in February and August, 1899, aggregating 4 per cent, were paid in stook, the money being used in reducing
floating debt. Dividend period changed to quarterly, and 1 per cent
paid in cash Oct., 1899. In 1900, 4 p. o. Dividends again changed to
semi-annual and 2>fl p. o. p »id Feb. 1, 1901, and 2^ p. o. on August. 1.
In 1902. 5 p. o. Da 1903, 6 p. a, also scrip dividend of 5 p. c. on Ang. 1.
In 1904, 6 p. o
Di 1905. 6 p. c. In 1906, Feb., 3 p. c
Road— Leases and operates 47 miles of track as follows East Harrlsburg Passenger, 24 miles; Citizens' Passenger, 6 miles; Harrlsburg City Pass., 5 miles; Middletown Highspire & Steelton Pass., 12 ro.
OFFICERS— Pres., Edward Bailey; V.-Pres., B. F. Myers; Sec and

&

Netearnings
Interest, taxes, etc

Balance

sur.

1494, 1502;

V. 80, p.

W.

J. Calder; Supt.

and Pur. Agt.,

F. B.

Musser.— V. 77,

p. 196.

road.
VALLEY TRACTION CO -A
understood
be controlled by
Cumberland Valley RR.
trolley

Is

to

r.ue

Organization.— Incorporated In Pennsylvania on Nov. 18, 1903, and
leases the Harrlsburg A Meohaniosburg Eleotrio Railway Co the
White Hill & Mechanicsburg Electric Ry., the West Falrview & Marys,

&

ville Electric Ry., the Falrview
River con Passenger Ry., the Carlisle
& Mechanicsburg St. Ry , the
Hill <fe Harrlsburg Pass. Ry., the
Harrisburg
Riverton St. Ry. and the United Electric Co.
Date.
Interest.
Outsland'g.
Maturity.
STOCK
BONDS—

&

Camp

&

Common, $500,000, $50

Pref. . $500,000,5% n.c.,$50
1st mtge., $700,000, gold )

($100

&

....

1903

5g.

A-O

$500,000
350,050
555,500 Oct.1,1933

$500)
o'Unt, at Farmers' Tr. Co.. Carlisle, Pa., Tr.
$224,000, g. 1894
6 g. M-8
144,500
Sep., 1914
Interest is payable at office of trustee, the Harrisburg Trust Co.
Bonds.— Veil. Trao. bonds are subject to call after Oct. 1, 1908, at
110. A sinking fund of a5,000 per annum commences Oct. 1, 1908.
Earnings— For calendar year 1905, gross, $171,4^7; net, $66,293;
taxes and charges, $61,911; surplus, $4,382.
Road Operates 40 miles of track from Harrlsburg to Fairview,
Marysville, Riverton, New Cumberland, White Hid, Camp Hill, Shiremanstown, Mechanicsburg, Boiling Springs and c arlisle. Gauge, 5 ft.
2 in.; 50 and 100 lb. girder and T-raii.

H.&M.

1st M.,

OFFICERS— President, M. C. Kennedy, Chambersburg;
W. L. Ritchey, Chambersburg; Supt., G. H. Bartle.— V. 78,

Sec.-Treas.,
p.

1393.

HARTFORD, CONN.

FARMINGTON the Hartford & West Hartford Horse RR.
STREET RAILWAY.-Trolley.
Organization—This
is

sold in foreclosure August 1, 1 899. New company organized, and began business on Oot. 19, 1899. Old bondholders received stock in
exchange for their bonds. No bonds now.

Stock

&

Bonds—

Par.

Interest.

Outstanding.

Dividend.

Stock, $189,000

$100
....
$189,000 (&« paid)
Road—Operates about 13}^ miles of track laid with 70-pound T rails,
9*47 miles of which it owns and upon 4 miles of whioh it has trackage
rights.

RtPORT-Yearto June 30, 1905: Gross, $50,961; net. $2,346; other
income, $68; total income, $2,414; taxes, $867; surplus, $1,547.
OFFICERS— Pres. and Treas.. E. D Robbins; Vioe frest., D. Newton
Barney; Secretary and Gen'I Mgr.. C. E. Hubbard.—V. 69, p. 283.

HAVANA, CUBA.

HAVANA ELECTRIC RY.-A
Organization— This oompany was incorporated

trolley road.
in New Jersey

sur.

647, 65 7.1424 1912;
.

V. 81, p. 841.

HAVANA CENTRAL RR.-To be run by
motives.

electric loco-

Organization.— Incorporated In New Jersey, and took over the
rights of the Insular Ry. Co. to build 120 miles of road. Stockholders
of the Havana S-lectric Ry were offered the right to subscribe to the
new company's bonds at 90 and receive a bonus of $750 in stook
with each $1,000 bond. V. 80. p. 1912. Payments were required 20
on application and the other 70 per oent 5

p. o.

Stock

&

Bonds—

Interest.

each month.

Outstand'g.

Maturity.

$5,000,000

Stock, $5,000,000 ($100)
1st mtge $10,000,000,
(*i,uuu)

p. o.

**V<gL&^<^Wt£& ^
New
Date.

c.

^

York.

int. at Co.'e office.

Bonds -$5,000,000 are reserved for future corporate purposes. A
sinking fund commences In 1908. Are not subject to call.
Road— Proposes to build 120 miles of road, radiating from Havana,
to carry frei<ht as well as passengers. Road is under construction
and about three-quarters finished. Is expected to be completed about
Aug., 1906.

Officers -Pres.. Edwin Hanson, Montreal; Vice-Pres., William L.
New York; 8eo. <fe Treas., C. W. Van Voorhis, 52 Broadway,
New York.— V. 80, p 1912.
Bull,

HAVERHILL, MASS.
HAVERHILL & AMESBURY STREET
—Trolley road.
STOCK

&

BONDS—

Date.

Interest.

RY.

Maturity

Outstanding.

$100
See text
$150,000 Oct.,'97, 3%
BlackRock<feSalisb'yBeach<1891 5gJ-J
94,000 July 1, 1911
1st mortgage, gold
\ Interest at International TVt Co., Boston.
Haverhill &Amesb'yConsol. < 1892 5g. J - J
196,000 July 1, 1912
M. $290,000 g., $1,000. c* \ Int. at Am. Loan & Tr. Co., trustee, Boston.
1896 6 J-D
200,000 Deo. 1, 1911
Debenture notes
\
debenture
^ Interest at Am. Loan & Tr. Co., Boston.
"Cur. liab." Sep. 30, 1905
270,936
Stook, $250,000, par

.

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.

:

Treas.,

$137,609

Road— Operates 50-81 miles of crack.
Officers— Pres., Edwin Hanson, Montreal, Quebec, Vlce-Pres., W.
L. Bull, New York; Sec. and Treas., C. W. Van Voorhis. 52 Broadway,
New York; Gen. Mgr., G. F. Greenwood, Havana.— V 78, p. 1446,

Net.

Bal.

Int., taxes, etc.

1904 05
1903-04

$111,485 $40,411
sur. $1,055
$39,356
109,013
35,441
37,616
def. 2,175
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-

O RG A nization— Incorporated in New Jersey May, 1901, and aoquired
the entire ($1,500,000) capital stook and ($1,500,000) bonds of the
Wilkes-barre <fe Hazleton Railway Co. (Pennsvlvania incorporation)
and deposited the same, together with $140,000 (entire issue) of the
Lehigh Traction Co.'s 5 per cent certificates of Indebtedness and *922,200 of the stock of $1,000,000 of the Lehigh Traotion Co., as security
for the Wilkes-barre & Hazleton RR. Co., Issue of first collateral trust
mortgage 5 per oent gold bonds. V. 72, p. 1281.
Franchises are 999 years in and around Hazleton and perpetual
from Hazleton to Wilkes-barre.
Date. Interest. Outstand'g
Maturity.
BONDS—
STOCK
8tk.,com.,$2,5O0,000($100)
$2,500,000
Stock, pref. 6% non-cum.

&

$700,000
mtge.,$2,500,000

Coll. tr.

J

200,000
1901 5g.MfcNi5, 1,900,000 May 15, 1S51
Int. at Guaranty Tr. Co.. N. Y., Trustee.

gold ($1,000)
e* (
Bonds— Of the authorized issue of $2,500,000 collateral trust bonds,
$6< 0.000 are reserved to retire all bonds of the Lehigh Traotion Co.
A sinking fund of $20,000 per annum, conurenclng June 1, 1908, is to
be invested in the coll. trust bonds or In bonds purchasable by savings banks in N. Y. State. See V. 72, p. 1281; V. 78, p. 289.
Pref.
stock can at option of company be changed at any time into the bonds
of the company at par, said bonds to bear not less than 5 p. c, or may

be redeemable at par In cash.
Earnings.— For year ending Deo. 31, 1905, gross, $290,666; net,
$168,789; Interest, $124,250; surplus, $44,539.
OFFICERS— Pres., A. Markle; Vlce-Pres., John B. Price; Treas., N. O.
Yost; Sec. W. H. Smith Jr.; Asst. Seo'y, C. J. Kirschner.— V. 78, p.
289.

—V.

(1 )

LEHIGH TRACTION CO.— A trolley road.

81, p. 560.

Organization— Chartered Nov. 7. 1892. Franchise perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 eaoh
the Hazle. & Suburban Eleo. Ry., capital $30,000; Hazle. & South Side
Electric Ry., capital $75,000; Hazleton & North Side Electric Ry.,
capital $75,000. The $140,000 certificates of indebtedness and $922,200 of Lehigh Trao. stook are deposited as security for the Wilkesb.
& Hazleton RR. bonds.

&

Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $1,000,000, $100
$1,000,000
l»t mort, $500,000, gold, ) 1893 5g. J-D
500,000 June 1, 1923
$100, $500, $1,000. . c* S Markl6 Bkg.
Trust Co., Hazleton, Trustee.
Certitto'es of indebtedness
140,000 ...,
Car barn bonds, $55,000... 1895 5g M-S
55,000
1925
Hazle Park bds., $60,000
1895 5g. A-O
38,000
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
Yorktown (connecting with Penn. RR. and Lehigh Valley RR.), to
MoAdoo (south) and Milnesville. Latimer Mines and Freeland (north).
OFFicERS-President, C. W. Kline; Vice-Pres., W. H. Lawall; Sec,
C. J. Kirschner; Treas., N. C. Yost; Gen'I Mgr., A. Markle; Supt.,
C. B. Houok.-V. 64, p. 232; V. 66, p. 233; V. 72, p. 1279.

&

on

Jan. 6, 1899, for the purpose of acquiring the Havana City Ry. <& Omnibus Co., which was organized in 1876. Franchise runs until 1958.
Company has also the right to oarry freight over parts of the system.
In May, 1905, stockholders were offered the right to subscribe to
the bonds of the Havana Central RR., which see Delow. V. 80,p.l912.
STOCK & Bonds—
Date. Interest. Outstand'g.
Maturity.
Com., «7,500.000, f. p., $100
$7,500,000
Prf.6%non-o.,$5,000,00(',$100
5,000,000
1st M., $5,000,000, gold, s.f.
1899
5 g.
992,000 Feb. 1.U949
2d M ,$1,000,000, gold....
1900
6 fc
82,000 Oct. 1, 1910
Oonsol. M„ $10,000,000.) 1902 5 g. F.-A. 6,957,000 Feb. 1,1952
gold ($1,000). s. f
c* S Central Trust Co.. New York, Trustee.
Bonds— Of the new consols a sufficient amount is reserved to retire
the prior liens. A sinking fund commences Jan. 1, 1906, on the outstanding consols.; and if any additional bonds are Issued, sinking
fund is to be increased correspondingly. Bonds may be called for sinking fund after 1906 at 105, and entire issue can be redeemed at 105
and interest on any interest day on and after Feb. 1, 1907, upon six
months' notice. See V. 74, p. 1251. The first mortgage bonds are subject to call after Jan. 1,1907, at 110 and Interest, and the seoond
mortgage bonds on any interest date at par and interest.

(2)

WILKES-BARRE & HAZLETON RY.-A

trolley,

steam and

third-rail road.

Organization—Chartered Deo. 13, 1899, under General RR. law
Aot of April 4, 1868, State of Pennsylvania. The Wilkes-Barre &
Hazleton RR. owns the entire stook and bonds.

& Bonds—
n, 500,000, f.p

Stock

Date.

Outstand'g.

Maturity.
$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 Co., N. Y., Trustee.
Road— Owns 27 miles of road from Hazleton to Wilkes-Barre, and
uses for terminals 1 mile L. T. Co. traok at Hazleton and 2 miles W.

Sock,

Interest.

)

STREET RAILWAYS.

44

B. <fc w. V. T. Co. track at Wilkes-Barre
total, 30 miles, commenced
partial operations on Jan. 12, 1903, and remainder on May 1, 1903.
Kails. 95 lbs.
Officers— Pres., A. Markle; Vlce-Pres.. C. B. Houck; Treas.. N. C.
Yost; Sec, D. T. Evans; Gen. Man., A. Markle; Conipt., C. J. Kirschner; Supt. of Transportation, A. F. Harger.
;

HELENA, MON.

HELENA LIGHT & RY. CO--A
Connecticut
Organization— Incorporated

trolley road.
in Sept , 1905, as successor to the Helena Light & Ti action Co. V. 81, p. 1043. Controls
the Helena Gas Light
Coke Co.; comprises the city's entire street
railways, and gas and electric-light plants. Is controlled and managed
in

&

A Co. New

by J. G. White

York.

STOCK &IBonds—
Common, $900,000

Date.

Outstanding.

Interest.

Maturity.

$561,000

%

Pref. $600,000, 5
cuin
374,000
1st mtge.. $1.500,000, )
1905
5g. M-S
850,000 Sept. 1, 1925
gold ($1,000)
( Int. at Knickerbocker Tr. Co., N. Y.. Truptee.
Bonds—The new bonds of 1905 are subject to call at 105 and intersinking fund of H» p c. tier annum of bonds outstanding
est.
commences June 1, 1908, which will be increased to 2 1* p. c. per an.
June 1, 1918; said fund to be used in retirement of bonds at not
higher than 105 and interest. See V. 81, p. 1550.
Earnings— For 10 months endiDg Oot. 31, 1905, net, $66,081; fixed
charges, $42,500; surplus, $23,581.
Road— Operates 17 miles ol track.
Officers— Pres , P. G. Gosaler, New York; Vlce-Pres., M. H. Gerry
Jr., Helena; Seo'y, H. S. Collette, New York; Treas , Geo. W. Bunnell
Jr., New York; Ass't Sec. and Treas., H. L. Walker; Mgr., O. E. A.
Carr, Helena.—V. 81, p. 777, 899, 1043, 1550.

A

HENDERSON, KY.

HENDERSON30-year RY.-Agranted road.
CITY
October,
Organization— Has

trolley
franchise,
in
1886.
Has acquired the Henderson Ferry Co. Company will make an issue
of consol. bonds to provide for extensions.
Date.
Interest. Outstand'g.
Maturity.
Stock
Bonos—
Stock ($250,000)
$250,000
1st M., $250,000, gold) 1904
6g. J-J
150,000 Jan. 1, 1924
($100, $500 & $1,000) S
Int. at Louisville Trnst 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, is under construction, which is expected to be completed
about Sept. 1,1906. Company has purohased 22 acres of land opposite
Henderson, which will be converted into a park.
Officers— President, J. E. Bohannan, Louisville; Vlce-Pres. A, L
Rich; Cincinnati; Sec. and Treas., H. W. Richardson, Louisville
Supt., K. R. Battin, Henderson. V. 78, p. 1497:

&

.

,

HOLYOKE, MASS.
HOLYOKE STREET RAILWAY-Trolley.
1905, leased the Hampshire
Ry.
25 years
5

17,

for

St.

annum on
(Incline)

the $60,000 stock. V. 80, p. 650.
until June 1, 1922, at 6 p. c. per

RR.

On Jan.

at
p. c. per
Also leases the Mt. Tom

annum on the $100,000

stock.

Stock—
Debent. bonds

& $1,000)

($500

Interest.

Outstanding.

8 J-J

Date.

Stock, $700,000 ($100)..
Deb.b'ds ($500,$l,000)o *

$700,000
250,000
85,000
265,000

1895
1899
1903

>

o*5

A-O
5 A-O
5 A-O
5

Lastdiv.,ett.
Jan., 1906,4%

Apr.

1915
1920
1923

1,

Oot. 1,

Debenture bonds
Apr. 1,
Leased line rental, Mt.
Tom RR. Stock, 6 p. c
100,000
Current liabilities Sept.30, '05
181,161
Interest on all bonds payable at Holyoke Nat. Bank.
Dividends— In 1892 to Jan., 1906, inclusive, S per cent yearly.

Road— Has 51-59
Tom (incline)

miles of track, including Hampshire St. Ry. and
RR.. 4.900 feet long, and connecting with the
Woronoco 8t Ry. to Westfield.Mass.; 109 cars, 9 snow-plowsjand 216
motors; Hampshire St. Ry., 4 miles additional.

Mt.

Earnings— Years ending

Sept. 30.

1905.
1904.
Gross earnings.$420,652 $373,103

Net

1905.
1904.
Dlvs. paid (8 p.c.)$56,000 $56,000
Bal. for year., sur.15, 708 df.8,354

162,319 117,704
90,611
70,058
Bal. for div'nds
71,708
47,646
Sur. at Sept. 30. $80,675 $64,967
Officers— Pres., Gen. Man. and Purch. Agent, Wm. S. Loomis Sec.
and Treas., Louis D. Pellissier; 8upt., G. H. Hunter, all of Holyoke.—
•...

Int., taxes, <fec.

;

V. 66, p. 616

;

V. 71, p. 602, 809; V. 76, p. 212, 705; V. 80, p, 650.

HONOLULU, HAWAII.
HONOLULU RAPID TRANSIT & LAND
CO.—
Trolley.

Organization— Incorporated in Hawaii in August, 1898. Franchise
nins tor 30 years, and permits the carrying of freight and mail as well
as passengers. E. H. Rollins & Sons, Chicago, offered the bonds In
June, 1902.
In 1903 purchased the Hawaiian Tramways Co. (having outstanding
*65,000 stock and £30,000 6 per cent debentures and comprising 12i|
miles of track); payment being made by the issue of $150,000 6 p. o.
bonds of the Rapid Transit Co.; 910 shares of preferred stock and
$59,150 in cash.

Stock & Bonds—
Common)^.l 2 00 00( < $100
^ , oofto

Date.

Interest. Outitand'g.

Maturity.

4 Q-M31 $800,000 Sept 30,1905
Pref. 6%$*
6 J-D31 350.000 See text.
M$100
1902 6g. M-N
690,000 May 1, 1927
f
let mort., $1,000,000, gold, J Interest at Union Tr. Co., San Franoisco,
($1,000)
o-1 Trustee, at Nat'l City Bank, New York,
or at company's office, Honolulu.
Bonds.— $310,000 bonds are reserved for extensions at the rate of
$15,000 per mile, or for acquisition of other street railways. All
bonds may be called on May 1, 1917, or on any interest day thereafter. For bonds numbered from 1 to 460, 3 p. c. of the amount outstanding shall be set aside each year from May 1, 1907, to May 1, 1926,
aa a sinking fund. For the remaining bonds (numbered 461 to 1,000).
on the 1st day of May after their issue and eaoh year thereafter till
1926 such sums shall be set apart the principal and Interest of which
compounded at 5 p. c. would equal the par value of the amount of
bonds then Issued and outstanding, as a sinking fund. These sinking
funds to be used, respectively, in the purchase of the bonds for which
they are created, after advertising or in the open market, at a
price not to exceed a 4-per-oent basis, or at such higher price as may
be agreed upon between the company and the trustee. See V. 74,
'

I

p.

1251.

Dividends— Six per cent Is being paid on pref. stook. On common,
Dec. 31, 1903, 1 p. c. In 1904, 4 p. c. In 1905, March 31, 1 p. c; June
30. 1

)

u. o.;

Sept. 30, 1 p.

o.

|

Vol. lxxxii.

HOOSICK FALLS, N. Y.
BENNINGTON & HOOSICK VALLEY RYA trolley road.
Organization—A consolidation on Nov.

9,

1897, of the Hoosick

Ry. and Bennington Electric RR.

&

Date.
Interest. Outstand'g. Mahirity.
Stock
Bonds—
Stock, com., $170,000 ($100)
$170,000
Pref., non- cum., non-voting,
5 per cent ($100), $30,000
30,000
Ben. &H.V. 1st M., $250,000, < 1897 5 J-J
182,000 Jan.1,1928
gold ($500 and $l,000)...c. I Int. at Intern'l Trust, Boston, trustee.
.Bonds— No sinking fund and bonds cannot be called.
Earnings— For year ending June 30, 1905, gross, $41,673; net, $10,436; fixed charges, $10,195; surplus, $241.
ROAD— 16!3 miles long, connecting Bennington and Hooslok Falls.
Owns 16 double motors, 7 dosed, 8 open and 4 freight and service
cars. Sixty-pound T rails, standard gauge. Has 400 H. P. plant.
OFFICERS— President, Geo. E. Greene; Vice-President, Jos. Buckley;
Treasurer, I. E. Gibson, Bennington, Vt.; Seoretary
Superintendent,
E. H. Libby, Hoosick Falls.— V. 75, p. 1398.

&

HOT SPRINGS, ARK.

HOT SPRINGS STREET RAILROAD-Trolley.
Organization— Chartered in 1894; successor to Hot Springs Electric
Controls Fountain

Street Railway.

&

STOCK
Stock

BONDS—

& Suburban

Date.

1894

1st mort., g. ($250,000).

Interest.

6g.

J-D

RR., 1 mile.
Outstanding.
Maturity.

$100,000
200,000

June

1,

Louis-Union Trust Company, St. Louis, Mo., Trustee.
ROAD— Operates 12 miles of traok.
OFFICERS—President, S. W. Fordyce; Vice-Pres., H. E. Martin;
and Treas. R. J. Huntington.

1924

St.

Sec.

HOUGHTON, MICH.

THE HOUGHTON COUNTYDoes an
ST. RY.-Trolley road.
1899.
railway
Organization. Incorporated
in

electrio

Dusiness in Houghton County. Franchises in public streets expire in
1930. Private right of way perpetual.
Outstand'g.
Date. Interest.
Maturity.
STOCK and Bonds—
Stock, $750,000 ($100)
$750,000
f
$50O OO 6 n- C
A "°
200 000

%\ d0

:

°:.

^.

..

1

Apr, -05. 3%

>

1900

July 1, 1920
J-J
750,000
c* (Int. at Boston Safe Dep. & Tr. Co., Trustee.
($1,000), gold
Notes payable Dec. 31. 1905
$165,000
Bonds—Whole issue or any part can be called on or after July 2, 1905,
at 105 and Interest. Preferred stock can be redeemed at 1 10"
Report— For year ending Dec. 31, 1905, gross. $167,067; del.

lstmortgageV$750*6ooV5

5

g,

from operation, $1,576; charges, $43,658; deficit, $45,234. The poor
showing In 1905 is due to a strike and boycott
Road.— Owns 25'75 miles of track, including lines from Houghton to
Hancock and from Hancock to Laurium, Red Jacket, Wolverine, Lake
Linden and Tamarack City; 35 cars; 60 and 70 lb. rails.
OFFICERS.— President, F. J. Bawden, Houghton, Mich.; Vice -Pres.,
H. G. Bradlee; Treasurer, A. Stuart Pratt, Boston; Act'g Ass't Treas.,
R. E. Bawden; Secretary, H. R. Hayes; Mgr., A. W. Leonard; Gen'I
Mgrs. and Transfer Agents, Stone and Webster, Boston.

HOUSTON, TEXAS.
HOUSTONChartered at Austin, Tex., on Oct. 26, 1901. and
ELECTRIC COMPANY. Trolley.
Organization—

is

successor to the Houston Elec. St. Ry. Co., sold at foreclosure Oct., '01.
Controls all the street railways in Houston. Franchise originally i an
until Oot. 23, 1925, but in Jan., 1903, was extended 10 year*; 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 tostockholders at par. V. 81, p. 1795.
Date. Interest. Outstanding.
Maturity.
Bonds—
Stock
Com., $2,000,000 ($100)..
$2,000,000
Preferred. 6% non cum.
F-A
Feb., '06, 3%
(?)
$1,000,000 ($100).... J
1900 5 g. F-A
1st mtge., $2,500,000 5
1,846,000 Aug. 1, 1925
gold ($1,000) .s.f.o*. I Int. at Intern'l Trust Co., Boston, Trustee.
Notes pay'e Dec. 31, '05
$252,000
Bonds— $654,000 are reserved for extensions and Improvements at
80 per cent of cost. Entire issue, but not any part, can be called on
and after Aug. 1, 1910, at 107*2 and Interest.
Sinking fund of 1*$ p. o. of bonds outstanding payable on Aug. 1
each year. See V. 74, p. 680.
Dividends— Dividend on preferred stook due Aug., 1904, and Feb.,
1905, was passed, bcoause of strike and boycott; the strike was terminated Ootober 11, 1904 (V. 79, p. 1704) and dividends were resumed
on Aug. 1, 1905, when 3 p. o. was paid. In 1906, Feb., 3 p. c.
Road Comprises 40 63 miles of track. Operates 81 cars.
Earnings— For 12 mos. ending Dec. 31,1905, gross, $517,315; net,
$203,790; charges, $105,504; surplus, $98,286.
OFFICERS— Pres., Geo. J. Baldwin; Vice-Pres., Guy E. Tripp; Treas,
A. Stuart Pratt; Sec, H. R. Hayes; Mgr., David Daly; Man. and Transfer Agents, Stone
Webster, Boston.— V. 79, p. 500, 1704; V. 81, p.
1795.

&

—

&

__

HUDSON,

N. Y.

ALBANY & HUDSONNew York on Mar. CO- and
RAILROAD 1903,
ORGANIZATION— Incorporated
&

in

&

12,

is

Hudson Ry.
successor to the Albany
Power Co., sold under foreclosure on Feb. 11, 1903, per plan in V. 75, p. 847.
Date. Interest.
OuMand'a. Maturity.
Bonds—
STOCK
Com., $1,000,000 ($100)
$750,000
Pref. 5%, onm. after 1908,
1,000,000
$1,000,000 ($10O)
s
1st mort, $2,000,000, gold ) 1903 4-5 g.
1,500,000 Mar. 1, 1943
c* {Int. at Colonial Trust Co., N. Y., Trustee,
($1,000)
Bonds- Of the $500,000 bonds unissued, $250,000 Is deposited as
collateral for a loan aggregating $162,500. Interest is 4 per cent
until March 1, 1906, thereafter 5 p.c No sinking fund and bonds cannot be called. See V. 75, p. 847.
ROAD— Operated by third-rail system from Hudson via ReDselaer to
Albany. 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 'passenger oars and 14 freight and express cars, and 3 snow plows. Rails, 70
and 80-lb. steel, standard gauge. Supplies light and power along route.
EARNINGS— For oalendar yearI1905. gross. $330,285; net, after taxeB.
$71,617; interest, $60,000; surplus, $11,617.
OFFICERS—President, Clinton L. Rosaiter; Vice-Pres., A. M. Young;
2d Vice-Pres. and Gen. Mgr.. Geo. G. Blakeslee; Sec. and Treas., H. a.
Runkle, 100 Broadway, N. Y.— V. 77, p. 146, 1872; V. 79, p. 680.

&

MS

Report— For year ending

Dec. 31, 1905: Gross, $323,192; net,
$121,555; other income, $7,198; fixed charges, etc., $57,302; surplus,
$71,451.
ROAD-Operates 23-1 miles of track. Gauge, 4-ft.; 85-lb. rails; 45
vestibuled motor cars and 7 trailers; 1020 h. p. generators.
OFFICERS- Pres., L. T. Peck; 1st Vice-Pres., L. A. Thurston: 2d VlcePres., J. B. Castle; Sec, Geo. P. Thielen; Treas., C. H. Atherton; Au«L
F. W. Klebahn; Man., C. G. Ballentyne.— V. 77, p. 2035.

HUNTINGTON, W. VA.
CAMDEN INTER-STATE RY.-A-by John Graham
June
1902, a syndicate represented
Sale—
trolley road.

Oil

30,

of

Newville and J. J. Henry and William North of Philadelphia purchased
this entire property, together with the eleotrlo light plants and parks
In Ironton, Ashland and Huntington, for a sum said to be $2,000,000.

...

I

STREET RAILWAYS.

L906.J

Organization— Incorporated in West Virginia in 1900.
Maturity.
jJate. Interest. Outstanding.
Stock & Bonds—
$2,000,000
Stock, £2.000.000. $100
1,325,000 Mar. 1, 1921
New uiort.. $1,500,000.) 1901 5 g. M-8
g.($l,000). no s. f.,and> Citizens' Trust & Guaranty Co., Parkersoanuot

lie

called.. o.<fcr. )

burg, Trustee.

Mar. 1, 1929
7,000
bonds ) 1904 5 g. M-S
house
($1,000). $75,000 gold. 5 Int. at First Nat. Bank. Huntington.
1923
100,000
6% M-A->7
Cons. i/t. & Ry. M., guar
1923
50,000
6% J-J
Ashl. &Cattl. M.,guar
Bonds— $150,000 of the new bonds are reserved to retire the firsts or
like amount, and $25,000 are in the company's treasury. Interest on
the bonds is payable at the Union Tust & Deposit Co. of Parkersburg.
ROAD— Operates 30-23 miles of track between Huntington, W. Va.
Cattlettsburg and Ashland, Ky., and Ironton, Ohio.
OFFICERS— Pres. and Gen. Man., John Graham, Huntington, W. Va.
Vioe-Pres.. John J. Henry, Philadelphia; Sec, W. F. North, Philadelphia; Treas., Thos. MoK. Hays, Huntington.— V. 80, p. 471.

Power

Indianapolis! ind.

road.
BROAD RIPPLE asTRACTION—A
successor to the Indianapolis & Broad
trolley

Organization— Organized

Ripple Rapid Transit Co. sold at foreclosure July, 1899. The Indianowns about 75% of stock, but organization separate.
Outstand'g.
Maturity.
Rate.
Date.
STOCK & BONDS—
$100,000
Stock $100,000 (par$100)
-J
4 <>0.000 July 1, 1933
1899 5 6-» J
Mtff _ nll , $400,000(^,1,000)0
Mtg. gold. ,m 00 Aon/*! oom«* $ Int at Guar Tr.& S.D. Co.(Phila.),Trus.
$
Bonds— Are guar., p. and i., by Indianapolis St. Ry. No s f., and
bonds cannot be called. The Indiana Union Tract. Co. also guar, the
Srlncipal and interest of half (*200,000) of the bonds and half of the
iterest of the remaining $200,000 bonds until May, 1913.
Road— 7^ miles of track from Indianapolis to Broad Ripple Park.
OFFICERS— President, John B. Warner; Sec. John D. Thomson Treasurer, E. B. Peck.— V. 69, p. 180; V. 73, p. 137, 183; V. 78, p. 1167.
op. St. Ry.

;

INDIANAPOLIS COAL

TRACTION-Trolley.

supposed to be controlled by Randal Morgan and those associated
with him.
Organization.— Incorporated in 1901 and is successor in 1903 to
the Indianapolis & Plaintield Eleetrio RR. Co. Will do a large ooalIs

oarrylng business as well as passenger.

STOCK

&

BONDS—

Datt.

Stock, $2,500,000
i„t ^„.„« icsnnnnnn
gom (*i,ooo), s. r .ctr

m
SSnfi

Interest.

Outitand'g.

Maturity.

$2,500,000
None.

Sept. 1, 1953

J-J
Indiana Trust
'^ (1903 5Meroantlle
Int
g.

Indianapolis, Trustee.
Prust Co frew York.
]
at
A sinking fund of 1 p. c. of outstanding bonds begins July 1, 1908.
ROAD— Is to operate 165 miles from Indianapolis, through Plalnfield,
Greencastle and Terre Haute to Sullivan, wi'h a branch from Greencastle to Rockville. Is in operation to Plaintield, 14 miles. Remainder
Is under construction, and is expected to be completed during 1906.
OFFICERS— President, Albert Lieber; Vice- Pres., Frederick Franoke;
Sec'y and Treas., John J. AppeL V. 81, p. 975.
Co.,

. .

. (

INDIANAPOLIS TRACTION & TERMI'L

CO.

Organization—Incorporated In Indiana on Aug. 4, 1902, with
$500,000 capital, which was increased In Jan., 1903, to $5,000,000
($1,500,000 being given to Indianapolis Street Railway shareholders as a bonus), to lease the Indianapolis St. Ry. and to provide terminal facilities for all Interurban electric roads now entering or yet to
enter Indianapolis. Franchise Is for 31 years, under the terms of wlilch
the oompany is to pay the city 4 cents per car for the first 11 years, 6
cents for the next 10 years and 9 cents for the remaining 10 years. On
Deo. 29, 1902. leased for 31 years the Indianapolis Street Ry. V. 75,
p. 1301. Widener-Elkins syndicate is understood to be in control.
Interurban railways enter the city under agreements by whion they
Day 3 cents per passenger for all passengers carried In the city limits
and an additional 1 cent for those using the terminal station. V. 81,
p. 264.
Interest.
Outstand'g.
Maturity.
Bonds— Date.
STOCK
Stock, $5,000,000
$5,000,000
1st inort,, $5,000,000, > 1903
5 g. A-O
3,000,000
Jan. 1, 1933
gold ($1,000). s. f .o* 5 Int. at Guarantee Tr. & S D. Co., Phila., Trust.
Bonds— $2,000,000 are reserved for extensions and betterments. A
sinking fund provides for the payment annually of l^per cent of
bonds outstanding, inoluding those in th« sinking fund. See V. 76 p
1085. Bonds may be drawn for sink, fund after Jan. 1, 1908, at 1 02^
and interest and are subject to call at that price after Jan. 1,190s.
See V. 81, p. 264.
miles of new double track are under construction, toRoad,
gether with interurban passenger stations and two freight depots;
10 miles of track have been comoleted.
Earnings— For calendar year 190t surplus after Interest on Ind.
St. Ry. bonds and lease rental was $244,199.
OFFICERS-— President, Hugh J. McGowan; First Vice-Prest., E. B.
Peck; 2d Vioe-Prest., John J. Appel; Sec. & Treas.. W. F. Mllholland;
Gen. Manager, Robert I Todd. V. 80, p. 472; V. 81, p. 264.

&

&C— H

(1)

INDIANAPOLIS STREET RY.—A trolley

system.

Organization.— Incorporated in Indiana, Maroh 7, 1899. After
acquiring the Citizens' Street RR. of Indianapolis and the City Rail-

made a contract with the City of Indianapolis agreeing to surrender the rights and franchises of both companies and accept a
new franchise running only thirty-four years. The contraot also provides that cash fares are not to exceed five cents, with free transfers,
and tickets are to be sold at the rate of six for twenty-five cents and
road,

twenty-five for one dollar.
The company also binds Itself to pay over to the city (which Is to expend it on the public works) the sum of $30,000 yearly, from 1899 to
1925, and $50,000 yearly, from 1926 to 1932, Inclusive, the contraot
expiring In 1933— see V. 68, page 723. The oity gets the right to purchase the property " at any tune 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. S. Court of Appeals
decided In favor of the Citizens' Co. In Dec, 1897, see Supplement of
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 Deo. 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. o. Jan. 1, 1903, then 3 p. o. la semi-annual Instalments (or first year, 4 p. o. for second year, 5 p. c. for third year and
6 p. o. after July, 1906. As part consideration for lease, Indianapolis
St. RR. shareholders were given $1,500,000 Ind. Trao. & Term, stock.
Date. Interest. Outstanding. Dividends. <te.
STOCK
BONDS—
Capital stock ($100)
$5,000,000 Jan. ,'06, 2^
Dadianapolis St. Ry. gen. ) 1899 4 g. J - J
6,000,000
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.. ..c' 5 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 sufficient to redeem at maturity the greater part of the entire Issue of

&

&

45

Indianapolis Street Ry. bonds; this provision is guaranteed by the
Indianapolis Traction & Terminal Co. See V. 76, p. 542.
Stock and bonds listed on Phila. Stock Exchange. V. 69, p. 851.
Road— Operates 136 miles of track, with 350 oars 90-lb. rail.
OFFICERS.— Pres., George Brown, Indianapolis; First Vice- Pres., J. A.
Leinoke; 2d' Vioe-Pres.. Joseph S. Neff, Philadelphia; Sec. and Treas.,
Henry Jameson; Asst. Sec and Asst. Treas., C. E. Morgan 3d, Philadelphia. V. 76, p. 48, 542. 593, 1085; V. 79, p. 151.

EASTERN RY.-TroUey.
INDIANAPOLIS & and his Philadelphia associates.
Controlled by Randal Morgan
io

Is

be included in the merger of Indiana roads proposed by the United

Gas Improvement Co.
Organization— Organized

in 1902 under the laws of Indiana as a
Greenfield Rapid Transit and the
consolidation of the Indianapolis
Traction. Franchises are for 50 years In MarlIndianapolis & Eastern
perpetual In Hancock and Henry counties,
on and Wayne counttes,
and 30 years in the cities of Greenfield and Knlghtstown.
Outstand'g.
Date.
Interest.
Maturity.
Bonds—
Stock
$1,000,000
Com. $1,000,000 ($100)
165,000
Pref., $200,000 (*100)
5 g. J-J
700,000 July 1, 1927
mtge.,(1902
consol.
1st
$1,000,000, gold ($l,-^Int. at Mercantile Trust Co., N. Y., or at
Central Trust Co., Indianapolis, Trustee.
o* (
000), s. f
200,000 Sept. 1, 1914
6 g. M-S
2d mortgage, $200,000, > 1904
gold
$ Int. at Marion Trust Co., Indianapolis, Trust.
288,000 Jan. 1,1929
5 g. J-J
Ind. & Green. 1st M., ( 1899
$300,000
($1,000), < Int. atCit. Savings &Trust Co.,Trustee, Cleve.
gold
o*( or at First National Bank, New York City.
Bonds—Of the $1,000,000 consols authorized, $288,000 are reserved
to retire the Indianapolis & Greenfield first 5s. A sinking fund becomes operative after 5 years. Fund is to be invested in the company's bonds If they can be bought at not more than 105 and Interest.
Bonds cannot be called. See V. 75, p. 342. The second mtge. bonds
are subject to call after 3 years, but have no s, f Onjthe Ind.& Greenfield
bonds, $12,500 is payable yearly to a sinking fund beginning Oct. 1,
1904, with which bonds beginning with No. 1 are being purchased at
105 and aocrued Interest; $12,000 have been so purchased.

&

&

.

Earnings—
Trars end. Dec. 31:

Gross.

Charges.

Net.

Surplus.

$50,000
$48,778
35,625
48,124
ROAD— Owns about 60!« miles of track, inoluding 50 miles from Indianapolis oity line, where it connects with the Indianapolis Street Ry.,
over whose track it operates within Indianapolis under a 33-year contract, to Dublin, where oonnectioi* is made with the tracks of the Richmond Street Railway. Also operates a branch of lo miles from Dunreith to Newcastle, on private right of way. 70-lb. T rails.
OFFICERS -Pres., Frank M. Fauvre, Indianapolis; Vlce-Pres., C. E.
Coffin; Treas., Medford B. Wilson; Gen. Man., John W. Chipman.— V.

1904
1903

$217,197
165,889

$98,778
83,749

78, p. 229, 2012; V. 80, p. 711; V. 81, p. 975.

INDIANAPOLIS COLUMBUS & SOUTHERN
CO. -A trolley road.
TRACTION Formerly the Indianapolis Greenwood & Franklin
Organization—

RR., which company was Incorporated In Indiana in 1895. Name
changed as above in Jan., 1903. Chandler Bros. & Co. of Philadelphiahave underwritten the $400,000 of bonds outstanding.

STOCK

&

BONDS -

Date.

Interest.

Outstanding.

Maturity.

$285,000
*00,000 Feb. 1,1923
5g.
< Int. at, Trust Co. of W. Amer., Phila., Trus.
Bonds— Cannot be called. $700,000 were reserved for extensions south
of original portion of road between Indianapolis and Franklin at not
over $15,000 per mile, of whioh $100,000 have been Issued and $230,.
000 aro now available for issue under the mortgage. See V. 76, p. 654
Latest Earnings— For vear ending Aug. 31, 1905, gross, $202,098."
For year ending Dec. 31, 1904, gross, $176,709; net, after taxes,
$65,13 V, Interest, $iO,0'0; surplus. $45,135.
Road—40 miles of track between Indianapolis, Franklin and Columbus. Standard gauge. 60-lb. T rail. Mostly private right of way. An
extension to Seymour is under construction to connect with Indianapolis & Louisville Ry.. thus forming a through line from IndianapStock, $600,000
1st mortgage. $1,000,000
o*
gold ($1,000)

>

j908

F-A

olis to Louisville

OFFICERS— President, Jos. I. Irwin; Vlce-Pres. and Mgr., Wm. G.
Sec and Treas., Hugh Th. Miller, all of Columbus, Ind.; Supt.,
Geo. A. Saylor, Greenwood. -V. 77. p. 823; V. 78, p. 1446.
Irwin;

INDIANAPOLIS & MARTINSVILLE RAPID
TRANSIT CO--A trolley road.
Is now controlled by Interests identified with the Union Traction
Co. of Indiana. In Dec, 1905, it was proposed to consolidate the
oompany with the Ind. <fe Northwestern Traction Co. V. 81, p. 1848.
Organization— Incorporated in Indiana on April 24, 1901. Operates on private right of way except In incorporated towns.
Outstanding,
Date.
Interest.
Maturity.
Bonds—
STOCK
Stock, $750,000 ($100)
$750,000
Jan. 1,1932
750,000
5 g., J-J
1st mte-fi
SR7«iOOOO> 1902
/tS'Uirt .o <sr t Union Trust Co. and Security Tr. Co. of Indlan($i,uuo) goiu. «"at
apo u 8> Trustees. Int. at Security Tr. Co., Ind.
^
Bonds— T^o sinking fund, but bonds are subject to call after 10 years
at 105 and interest. See V. 78, p. 1223.
EARNINQS-For four months ending Apr. 30, 1905, gross, $32,759; In
1904, $23,184.
ROAD-Operates 30 miles of track from Indianapolis to Martinsville,
completed in May, 1903. 70-lb. rails, standard gauge. Extension to
Bloomlngton, 20 miles, has been surveyed.— V. 76, p. 972; V. 78, p.
1223; V. 80, p. 2457; V. 81, p. 97s. 1848.

&

INDIANAPOLIS & NORTHWESTERN

CO.— A trolley road.
TRACTIONcontrol of this company and of the Ind. & Western,
In Sept 19o5,
,

Buckeye L. & Newark and the Col. Newark & Zanesville were
sold by Tucker, Anthony & Co. of Boston to a syndicate headed by

Col.

Randall Morgan of Philadelphia. V. 81, p. 975.
Organization— Organized In 1902 In Indiana. Operates a modern,
high-speed Interurban railroad, standard gauge, located upon private
rlght:of way outside of the oity corporate limits. Extends northwesterly from the city of Indianapolis through the cities of Lebanon and
Frankfort to the oity of La Fayette, with a branch from Lebanon to
Crawfordsvllle, each of which cities is the oounty seat of its respective
oounty. Has trackage rights to the business centres of Indianapolis

and La Fayette.
The franchises run for 31 to 50 years and permit the carrying of
freight, express and mail, as well as passengers.
Maturity.
Date.
Interest. Outstanding.
STOCK & Bonds—

Common, $2,550,000

$2,550,000

450,000
6%, n.c.
1st mtge., $3,000,000 >
1903 5 g. M-8
2,470,000 Mar. 1, 1923
gold ($1,000)
c* Slnt. at Knickerbocker Trust Co., N.Y.,Trustee.
Bonds—The remaining $530,000 for Improvements and additions at
50 p. o. and 75 p. c of oost. No sinking fund, but bonds can be called
on any Interest date at 110 and interest.
Report— For year ending Sept. 30, 1905, gross, $363,126; net, after
taxes, $144,464; Interest, $123,500; surplus, $20,964.
Road— Operates 9225 miles of track between Indianapolis, Lebanon,
Pref., $450,000,

Frankfort, Lafayette, and Crawfordsvllle. Standard gauge 70-lb. T-rail.
Power house and car barn

Operates 20 vestibule and 4 freight cars.
are at Lebanon.

*

STREET RAILWAYS.

4(5

Battle Creek, a total distance of 45k miles. Line was completed and
put in operation June 27, 1903. Standard gauge, 70-lb. T and girder
rails. Third rail on private right of way and trolley in cities and towns.
Interest. Outstanding.
Date.
Maturity.
STOCK & BONDSStock, $1,500,000 ($100)
$1,500,000
1903 5g. J-J
1,200.000
Jan. 1, 1923
1st mtee $1 200 000 >
„i Int. at Cit. Savings & Tr. Co., Cleve., Trus., or
7*1 mu\ ™ih
Cta.wuugoia
....o i
at First National Bank, New York.
}
Bonds—No sinking fund, but bonds subject to oall in any amount
after 10 years at 105 and interest.
See V. 75. p. 1147.
Report— For year ending Aug. 31,1905: Gross, $156,257; net, $73,343; Interest, $55,950; surplus, $17,393.
OFFICERS— President, Myron W. Mills, Marysville; Vice-Pres., Geo.
G. Moore; Sec'y and Treas., Jas. R. Elliott; Snpt., E. S. Loomis, Jackson.
V. 78, p. 48; V. 80, p. 1856; V. 81, p. 1791.

OFFICERS— President, George Townsend, Indianapolis; Vice-Pres.,
Philip L. Saltonstall, Boston; Secretary, Wlnthrop Smith, Boston;
Treasurer, Chauncey Eldridge, Boston.— V. 79, p. 151; V. 80, p. 2457;
V. 81, p. 975; V. 82, p. 49.

INDIANAPOLIS & CINCINNATI TRAO
Organization.— Incorporated

in Indiana

CO.

1903. Owns the
Southeastern Traction Co.,

on Feb.

4,

'

stock of the Indianapolis &
Private right of way except in cities and
it also leases.
towns. County franchises perpetual. Franchises in cities and towns
are for 50 years, except in Indianapolis, 'which Is 31 years. Has
contract with Indianapolis Traotlon
Terminal Co. allowing its oars
to enter Indianapolis for 31 years.
Oulsland'g.
Maturity.
Dale.
Interest.
Bonds—
Stock
Stock, $2.000,000
$2,000,000
July 1, 1933
mtge.. $4,000,000, > 1903
2,000.000
5 g. J J
1st
gold ($1,000)
o* Slnt. at Farmers' Loan &Tr. Co., N. Y.,Trastee.
Bonds. — $2,000,00*' are reserved for extensions and improvements.
No sinking fund and bonds are not subject to call
Road Is to operate a double-track road from Indianapolis, via RushRoad is now in opville, Connersvllle and Hamilton, to Cincinnati.
eration to Rusbville, 40 miles. Uses the single-phase alternating current system. 70-lb. T rails. Power house for the operation of all lines
Is located at Rushville.
OFFICERS— President, Chas. L. Henry Secretary, William L. Taylor;
Johnson.— V. 79, p. 2456; V 81, p. 668.
Treas., E.
entire
•which

common

&

&

—
JACKSON CONSOLIDATED TRACTION.

This company and the Detroit Yp»llanti Ann Arbor & Jackson Ry.
are now held in common control, the stock of both roads being pooled.
The roads are in the hands of a oommittee consisting of Walter C.
Kerr, L. H. Hole and W. N. Coler Jr., New York; Geo. C. Smith,
Pittsburgh; J. D. Hawks and 8. F. Angus, Detroit, and W. A. Boland. Jackson, Mich. See V. 79, p. 269.
Organization— Incorporated in Michigan In 1904, and is a consolidation of the old Jackson & suburban fraction Co., the Wolf Lake Ry.
& Resort Co. and the Highland Resort Co. Constitutes all the street
railways in the City of Jackson. Franchises practically perpetual.
Interest. Outstanding. Maturity.
Date.
STOCK
BONDS—
Stock, $1,000,000, $100
$1,000,000
1st M., $1,000,000, gold?
1904 5g.M.-N.
671.000 May 1,1934
($100.$500&$l,000)o* S Int. at Guardian Trust Co., N. Y., trustee.
Bonds.—The new refunding bonds are subject to call at 105 and interest on any interest date; $329,000 of these bonds are reserved for
extensions and betterments at 90 p. c. of cost, provided earnings are
in excess of interest oharges, including interest on bonds to he issued.
Practically all prior liens have been retired. See V. 79, p. 1705.
Earnings— For year ending Deo. 31, 1905, gross, $124,655; net,
$48,669.
ROAD— Owns and operates 30 miles of track In Jaokson, including
interurban lines to Grass Lake, Wolf Lake, Michigan Center and Vandercook Lake. Operates 28 oars.
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: Snpt., B. T. O'Mara—V. 76, p. 654, 972; V. 78, p. 2384; V. 79, p.
260, 1704.

—

;

M

/

i

v

\

1

INDIANAPOLIS & SOUTHEASTERN TRACTION—A

trolley

&

road.

in 1905 as successor, through exchange
Southeastern Traotlon Co. Entire
of stock, to the Ind. Shelbyville
common stock is owned by the Indianap.& Cincinnati Tract. Co., which
also leases the road for 999 years and guarantees Ite bonds and dividends on its pref. stock after Oct. 1, 1908, when that stock becomes
cumulative. Rental under lease to be 50 p. o. of gross receipts, from
which bond interest, taxes and dividends on stock are to be paid. V.
81, p. 668. Franchises are perpetual in Marion and Shelby counties and 35 years in Shelbyvflie. Operates over private right of
way with exception of 3 k miles. Has 31-year franchise from city of
Indianapolis and arrangement with the Ind. Traction & Terminal Co.
allowing it entrance Into the.'city.
Date. Interest. Outstand'g.
Maturity.
Stock
Bon DS—
Common. $600,000 ($100)
$600,000
Pref., $600,000, see text
600,000
See text.
($100)
500,000 July 1, 1935
1st mtge., $1,000,000, g ) 1905
5ff. J-J
Tr. Co., N. Y., trus.
Jlnt. at Farmers' L'n
($1,000)
I. Shel. <fc Southea. ' st M., > 1902
5 g. J-J
500,000 Jan. 1, 1932
Sav. Bank, Chic, trus.
$500,000, g. ($1,000) s. f. $ Int. at Am. Trust
Stock.— Dividends on pref. fctock, under lease, are guarantee!' by
Ind. & Cin. Tract. Co. as follows: Oct. 1, 1906, 2 p. c; April 1, 1907,
Ik p. o.: Oct. 1, 1907, li* p. c; April 1, 1908, 2 p. c; Oct 1, 1908, 2
p. c; April 1, 1909, and thereafter, 2k p. o., semi-annually. This
stock is redeemable at 105 and accrued dividend on any dividend date.
See V. 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. Of the Ind. Shel.
S. bonds, the entire Issue may be called on any
Interest date at 110 A sinking fund on these bonds of $10,000 per
annum commences Jan. 1, 1908, for which ,bonds can be called at 105,

Organization— Organized

&

&

&

JACKSON, MISS.

&

JACKSON ELECTRIC RY. LIGHT & POWER.
Organization—Incorporated July 19, 1898. Company operates the
street railway, electric light and gas plants of Jackson.
Date.
Interest.
Outstanding.
Maturity.
STOCK
Bonds—
Stock, $250,000 ($100)
$250,000
1st mortg'ge, $250,000) 1899
5 g., A-O
250,000 Apr. 1, 1929
X Int. at Memphis Trust Co., Memphis. Trustee.
($1,000), gold.
Sinking fund of $1,500 per annum, but bonds cannot be called.
Road— Operates 6k miles of track. Extensions of about six miles
now under construction; also erection of a new power house.
OFFICERS— President, F. G. Jones ; Vice-President, H. H. Corson ;
Sec. and Treas., S. T. Carnes.

&

.

&

beginning with the lowest number.
Road— Operates 26 miles of track connecting Indianapolis with
Shelbyville. 60-lb T-rails. An extension to Greensburg, 20 miles, is
proposed; will ultimately be extended to Batesville.
OFFICERS— President, George A. Ball; Vice-Pres., Fred C.Gardner;
Secretarv, John E. Reed
Ireasurer, J. F. Wild; General Manager,
ChaB. L. Henry.—V. 77, p. 250, 1874.21 59; V. 81, p. 668, 1375.

JACKSONVILLE, FLA.
JACKSONVILLE ELECTRIC CO -Trolley.

;

Organization— Incorporated in Florida in 1902, and is a consolidation of the Jacksonville Street Ry. Co., the Main Street RR. Co. and
the Jacksonville Electric Light Co.; franchises on railways expire in
19b0 and 1917, and on lighting in lull. Does practically the entire
electric railway and a portion of electric lighting business of Jackson-

INDIANAPOLIS & WESTERN TRACTION.*0,
1912.

See V.

p.

_

IONE, CAL.
IONE & EASTERN RR. CO- - on April 12, 1904.
Organization— Incorporated in California
Sept. 11, 1905, stock

STOCK

&

was increased from $1,000,000

Bonds—

Stock, $2,000,000 ($100)
1st mortg'e, $500,000, gold

c&r

($1,000)..:.

ville.

STOCK & BONDS—
Common. $800,000,($1 00)

Maturity.

$1,000,000
<
f

1904

5g.,J-J

Int. at

Union Tr

3ti0,000 July 1, '31
San Fran., Trustee.

Co.,
per annum of

Bonas— A sinking fund of 3 p. c.
commences July 1, 1909, but bonds are not

bonds outstanding

subject to call.

Road— Is to operate 15 miles of track from lone to Jackson, with a
branch of 5 miles to Amador City. Standard gauge, 50 lb. T rail. Road
is under construction and 13 miles in operatic n from lone to Mar
tell.

Officers— Pres., and Gen. Man., Charles Erickson; Vice-Prest,
Jackson Dennis; Sec. and Treas.. Oeorge Henry.— V. 81, p. 26*.

IRONWOOD, MICH.

70

Interest.

of track.

OFFICERS— President and General Manager, E. D. Nelson;
President, E. T. Larson; Secretarv and Treasurer, H. F. Jahn.

ITHACA,

N. Y.

Organization— Chartered Nov. 18, 1884. Leased the Cayuga Lake
Electric 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.
Date.
Interest.
Outstatut'g.
STOCK
Bonds—
Maturity
8tock, $325,000,pr.$100
$325,000
See text.

&

1st mortgage, $175,000

<

<

1892
6J - J
175,000 July 1, 1922
payable at Farm. L.&T. Co., N. Y. City.
1894
6J-J
75,000 July 1, 1922
1894
6.1 -D
25,000 June 1, 1922

Int.

2d mortgage, $75,000
Cayuga L. Elec.lstM.,gu..
Dividends.— In July, 1895, 3 per cent; In April, 1896, 3 p. c; 1896-7,
2k per cent; in 1897-8, 2k per cent; 1898-99 to 1902(3, none; in
1903, Sept., 2>« p. c; in 1904, Sept., 3 p. c; in 1905, 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, 1905: Gross, $103,946;
net, $S7,058; int. and taxes, $18,809; dividends, $9,750; sur.,$8,49-».
OFFICERS.— Pres., Edward G. Wyckoff Vice-Pres., C. F. Wyckoff;
Sec. and Treas., R. L. Post, all of Ithaca
V. 72, p. 988.
;

;

.

JACKSON, MICH.
JACKSON and BATTLE CREEK TRACTION
&
CO.- Third
rail

troliev.

In April, 1H05, control of road changed hands and the present
officers were elected; V. 80, p 18 6. Tht- new parties »)so own the
Lansing & Suburban Traction and the Michigan Traction Co. The
ultimate merger of all tnese properties is intended. See V. 81, p.
1791.
Organization— Incorporated in Michigan on May 19, 1902, to con
nect Jackson with Parma, Albion, Marengo, Marshall, Ceresco and

Maturity.

j

lbs.

^

Officers— Pres., Geo. J. Baldwin; Vice-Pres., H. G Bradlee; Treas.
A. Stuart Pratt; Sec, Henry R Hayes; Ass't Treas., C. H. Bvrne; Gen,
Managers and Transfer Agts., Stone & Webster, Boston.— V.*80, p. 222,
V. 81, p 211.

Vice-

ITHACA STREET RAILWAY-

Outstanding.

F.-A.

639; net, $124,774; fixed oharges, $37,856; surplus. $86,918.
Road— Operates 20-97 miles of track and 49 cars. Kails, 40 to

Stock

Road— Owns 7k miles

Interest.

.

TWIN Bonds - GENERAL ELECTRICCITY
Dale.
Outstand'g. Maturity.
Stock &

$400,000
First mortgage, $200,000(1900 5 g. A-O
142,000 Oct 1, 1930
($1,000)
Int. at Milwaukee Trust Co., Trustee.
I

Date.

$800,000
Feb., '06,3%
Pref. 6% non. OUm. $200,-)
/} p
a
onn nnn
r^i
on/
Feb., >na 3%
200,000
'06,
6 F.-A.
.... .. J
000, ($100)
$1,25*6|666 ) 1902 5 g. M-N
1st Mortgage
798,000
May 1, 1927
gold ($1,000) c*
slnt.at Am. Loan & Trust Co .Boston.Tiustee.
Notes payable Oct. 31, 190--»
40 OOO
Bonas are subject to call as a whole at 105 and interest on any interest date. A sinking 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 o. In 1905, « p. o. In
Feb. 1906, 3 p. c. First dividend on common stook (2 p. c.) was paid
Feb. 1, 1905: Aug.l. 1905 (V. 81, p. 211), 3 p. o. In 1906. Feb.. 3 p. o.
Earnings— For the 12 months ending Deo. 31,1905, gross, $305,-

On

to $2,000 000.

Interest. Outstanding.

Date.

[Vol. lxxxii.

JAMESTOWN,

I

N. Y.

JAMESTOWN STREET RAILWAY.-Trolley.
Organization—Incorporated Oct. 18, 1883. Franchise runs till 1982
Date,
interest. Outstanding.
STOCK & Bonds
Maturity.

Stock ($250,000) par $50
$100,000
gold, o* < 1893
1st M., $300,0i
6 g J-J
300,000 Jan. 2, 1923
$1,000
Interest payable at Morton Trust Co., Trus.
I
Bills payable June 30. 1905
$256,288
Open accounts June 30, 1905 ..
345,654
Earnings— For fiscal year ending June 30:
tiros.
Tear.
Xtt.
Inc. £ taxes. Bal.sur.
Other Inc.
U05
$152,057
$55,797
$1,301
$36,711
$20,387
1904
148^6
50,079
1,936
35.526
16,489
Road—Owns 24-43 miles of track, 55 cars, 2 sweepers.
OFFICERS— Pres.. A N. Broadhead: Vice Pres.,L. B Warner; Sec. and
Treas., S. B. Broadhead; Gen. Mgr., G. E. Maltby, all of Jamestown.

-A
CHAUTAUQUA TRACTION CO.March
Organization— Incorporated
New York on
in

controlled by

Stock

&

t

e

same

Bonds—

8t00k, $500,000 ($100)

trolley road.
Is
7, 1903.

interests as the Jamestown St. Ry.
Date.
interest.
OuUta>d'g.

Maturity.

$500,000
1st
)
1904
5 g. A O
500 000
1934
gold ($1,000).
.c 5 Int. at Title Gnar. & Trust Co., N.Y., Trustee.
Bond*.— $100,000 are reserved for extensions, etc No sinking fund
and are not subject to call.
Earnings- For year ending June 30, 1905, gross, $46,062; net,
$12,579; fixed oharges, $2,885, surplus, $9,694
Road.— Operates 21 miles of track from Lakewood, where connection is made with the Jamestown St. Ry., to Mayvllie. there connecting with the Pennsylvania RR. Standard gauge; 80-lb. Trail. An
exteasion of 8k miles to Westfleld, to connect with the Lake Shore &
Mich So. and the N. Y. Chicago <te St. Louis Ry., is proposed.
mortgaee,$600,000
.

:

STREET RAILWAYS.

Feb., 1906. j

Officers.— Pres., A. N. Broadhead; Vice Pres., Wm. Broadhead'
Treas., 8. B. Broadhead; Seo'y, \V. R. Reynolds; Man., Geo. K. Maltby;
Supt., Austin A. Harvey.

JERSEY CITY, N. J.
PUBLIC SERVICE CORPORATION OF
— street railwa> gas and eleotrio.

N.

J-

,

In Feb., 1906. It was reported that control of the oompany would
ohange hands, the Pennsylvania RR. and the United Gas Improvement
Co. being the new interests. It is proposed to place the management
of the railroad lines in the hands of the Pennsylvania RR. and the
eleotric-lighting business in the hands of the United was Improv'tCo.,
and general oontrol of the company's finances in the hands of Messrs.
J. P. Morgan & Co. The company's unissued $12,500,000 stck is to
be sold to the bankers and the stook to be listed on the N. Y. Stook
Exchange. The Prudential Life Ins. Co. and the Fidelity Trust Co. of

Newark will, it is said retain a one-third interest. See V. 82, p. 393.
Organization— Incorporated in New Jersey on May 6, 1903, and is
a consolidation of the North Jersey Street Ry. Co., the Jersey City
Hoboken & Paterson Ry., the Elizabeth Plainlield <fe Central Jersey
Ry., the Orange & Passaio Valley Ry. and the United Eleotrio Co. of
N. J., the stockholders in those oompanies being given certificates
desorlbed below In exchange for their stock. Holders of these trust
oertitioates (as also shareholders of the four leased properties) were
aooorded 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 transaction. Leases the Essex & Hudson Gas Co., the Hudson County Gas
Co., the Paterson & Passaio Gas & Electric Co., the South Jersey Gas
Electric & Traction Co., the South Orange & Maplewood Traction,
the Orange * Passaio Valley Ry., the Somerset Union & Middlesex
Lighting Co., the Camden Suburban Ry., the New Brunswick Light,
Heat & Power Co., the Gas & Electric Co. of Bergen County, and the
Also owns entire capital stock
Elizabeth & Raritan River Street Ry.
of the Middlesex Electric Light & Power Co. Controls practically
the entire street railway business of Northern New Jersey and the gas
and lighting Interests of the greater part of New Jersey.
Tunnel Oonneclion with, Sew York. In Sept., 1905. two oompanies,
each known aa the Inter-State Tunnel Ry., were incorporated each
with $7,500,000 stock, one in New York and one in ^ew Jersey, to
build a tunnel from Jersey City to Chambers St., New York. These
companies were organized by people connected with th* Public Service orporatlon and the New York City Ry., and wi 1 be controlled
jointly by those companies. V. 81. p. 975. A new direct high speed
electric line from Newark to Jersey uity forms part of the scheme.
Date.
Interest. Outstanding. Maturity.
STOCK
BONDS
Stock, $25,000,000 ($100)
$12,500,000
1903 See text.
19,425.385 Perpetual
Trust nartfs <*20 2on ooo \
irust certfs., $JO,<200,000
Newarki Trustee.
^ Fldelity TrU8t Co
5
7,2".0,000 Nov.1,'09
Collateral trust notfis <R7 ( 1904
ooo ,* oom
d*\ Plenty Trust Co., Newark, Trustee.
iov.vw t»i ,ouo)
o
interest at Robert Winthrop & Co. N. Y.
^
Stock and Bonds.— $2,500,000 additional stock was issued in April,
190), making $12,r\00.000 outstanding, all paid for at par in
cash, and by-laws 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 cent interest (dating from
June 1, 1903) the first two years, 2*6 per cent the third year, and Increasing by ^ per oent each following year until 6 per cent 1s reached
In the tenth year, which is to be the rnte 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

—

'

—

&

MN

(

MO

,

endorsed upon them

its agreement t> 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. See V. sO, p. 164. The fol
lowing shows the terms upon which the stocks of the constituent companies were exchanged for the trust certificates. The stocks acquired
are pledged as security for the trust certificates.

Total

Total

Total
deposited.

stock.

North Jersey Street

ct/s. if all

New

stock exch.

certlf.
$
$
15,000,000 14,105,400 40 p. o.

Ry

$
6,000,000

Jersey City Hoboken & Paterson Street Ry
.20,000,000 19,663,700 35 p. o.
Elizabeth Plainfield & Central Jersey Ry. Co
3.000,000 3,000,000 30 p. c.
Orange* PassaicVal.Ry.Co. 1,000,000
914,900 30 p. o.
United Electric Co
20,000,000 19,083,200 30 p. 0.

Total

7,000,000

900,000
300,000
6,000,000
20,200.000

The

trust deed provides that the stocks pledged shall not be used so
as to increase the capital stock of any of the companies, nor to create
any new liens upon the respective companies except to take up existing debt of any suoh company or of underlying or subsidiary companies.
The collateral trust notes in table above were sold in October,
1904, to Robt. Winthrop & Co., J. & W. Seligman
Co. and Lee, Higgiuson & Co., and were issued to provide funds for extensions, improvements, etc. V. 79, p. 1956, 2457. They are subject to call on
any interest date at 102*3 and iutiiest. The following bonds of subsidiary companies have been deposited with the trustee as collateral
for these notes:

&

North Jersey St. Ry. Co., 4 p.
J. C Hob. & Pat. St. Ry. C<>„

50 year bonds

$7,230,000
mtg. bonds.. 1,284,000
Uniteo fclec. Co. of N. J., 4p.o. 50-yr. 1st mtg. bonds
683.000
Somers't U.& Middlesex Light Co., 4 p. c. 40-yr. mtg. bonds.
507,000
Eliz. Plain. & Cent. Jers. Ry. Co.. 5 p. o. 50-yr. mtg oonds...
154,000
Orange & Passaio Val Ry Co 5 p. c. 40-yr. bonds
83.000
Central Electric Co., 5 p. c. 40-yr. cons, mtg.bonds
20,000
Somerset Lighting Co., 5 p. o. 1st mtg. bon >s
21,00
So. Jersey Gas El. & Tr. Co.. 5 p. c. 50 jr. 1st mtg. bonds .. 1,507 ,0<
Eliz. A Rar Riv. 8t Ry. o , 5 p. c. 50 yr gen mtg.bonds..
19,000
Leases.— In the following we show the companies held under lease
bythePublio Service Corporation, with the annual dividends called
for on the stocks of such companies.
Annual Rental— Dividends Guaranteed.
c.

4 p. o. 50-yr. 1st

,

(

•

Company—
Essex & Hudson Gas Co
Hudson County Gas Co

&

1st yr.

3>»%
2

ad.

Sd.

4K£

54

2%

Passaic Gas

4th.

bth.

6*

7

3

&
Electric Co
IK 2
2K
South Jersey Gas, Electric &
Tractior Co
4% 5
3^4
Elizabeth Plainfield & Central New Jersey
Orange & Passaic Valley
Somerset Union & Middlesex Lighting
Paterson

a

7

7

8

« yearly.

"

8

8

EARNINGS OF STREET

$832,876
744,264

JERSEY.

Interest

$736,971
698,533

RAILWAY

Bal.,sur
$95,905
45,731

PROPERTIES.

oper Expe.n
Public Service Corporation
$1,428,127 $1,073,286
North Jersey Street Ry
4,854,453
2,89 ,67 1
J. City Hoboken & Paterson Ry. 2,169,014
1,496,520
Gross.

$8,451,594

Road— Comprises 640 68

$5,461,477

miles of street railway track in

New Jersey.

Officers— President. Thos. N. McCarter; Vice-Presidents, Albert B.
Carlton, John J. Burleigh and Charles A. Sterling; Secretary, Frederic
W. Evans; Treas., Jas. P. Dusenberry; Comptroller, Percy S. Young;
Gen'l Auditor of Street Ry. Dept..M. R. Boylan.— V. 80, p. 164,652,
1424, 2220, 2622; V. 81, p. 778, 899, 976; V. 82, p 281, 393.
Nortli Jersey Street Ry. Co.
Organization—In January, 1898, the North Jersey Street Railway
in May, 1898,
absorbed the Newark & South Orange, 18 miles
leased the lines of the Consolidated Traction Co. for 999 years. V. 66,
;

In Feb., 1902, decision alflrmlng the validity of this
p. 664, 955, 1141
lease (V. 74, p. 380), was given, but case was appealed. V. 74, p.
On Sept. 29,
428. Lease again upheld Feb., 1903. V. 76, p. 382.
Maplewood Traction
1903. leased In perpetuity the Souti Orange
Co., for terms of which see V. 77, p. 824.
Might to Tax Franchise—-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.
Maturity.
Miles. Date. Interest. Outstanding.
Bonds
1898
4g. M-N $15,000,000 May 1, 1948
1st M., $15,000,-)....
Manhattan Trust Co., N. Y., trustee.
000, g., $1,000 >
Interest at Fidelity Trust Co., Newark, N. J.
each
)

&

—

... $2,233,333
Other debts Deo. 31,1904
Road— Owns and operates 249 96 miles of track. Has 800 cars.

-V. 75,

(1)

p.

394, 1087; V. 76, p. 382; V. 77, 824.

CONSOLIDATED TRACTION OF NEW JER8EY—

On June 1, 1898. North Jersey Street Ry. assumed control under a
999-year lease. V. 66, p. 1141; validity of lease was attlrmed In Feb.,
1902 (V 74, p. 380), and again In Feb 1903. V. 76, p. 382.
Dividends under lease are
1903-1904,
1905,
1899-1901,
Thereafter,
1902,
3*q per cent.
2 per oent.
3 per oent.
4 per oent.
2^ per cent.
Date. Interest. Outstanding.
Divs., etc.
BondsStock
Stook, all paid in, $100
J-J16
$15,000,000
See text
....
Underlying bonds— see below
7,308,000
1st mortgage, gold
1893 5gJ-D
15,000,000 June 1, 1933
)
$1 5,000\006T$1,000)
S Interest at Manhattan Tr. Co.. N. Y., trustee.
The gold bonds of 1893 are secured not only bv mortgage, but also
by deposit of $1,000,000 stock of J. C. & Bergen RR., $161,625 stock of
Newark Plank Road Co $6,000,000 stock Newark Passenger Ry. and
$99,100 stock of Jersey City Harrison & Kearney Ry. Co.
Road.— Jan. l, 1905, there were In operation 190 miles of traok,
Including
N. J. Traction Co
Stock owned J. C. Har. & K. RR... Stook owned.
Newark Pass'ger Ry. Stock owned. Newark Plank Road. Stook owned.
J. C. & Bergen RR. .Stock owned
So. Orange;& Maplew. Tr.. Leased.
Passaic & Newark El. Stock owned
Stock, debts and mileage of the leased and controlled lines

&

.

.

,

.

Miles.

Stock.

None

New Jersey Traction Co
Newark Passenger Ry

Funded debt.

$500,000

Rapid Transit Street Ry
Jersey City & Bergen RR
Jersey City Harrison & Kearney Ry.

Newark Plank Road
Newark Elec. Trao
Passaio
Port Richmond & Bergen Pt. Ferry
South Orange & Maplewood Trac
<fe

83
12

6,000,000
504,000
1,000,000
* 100,000
10
4*5
162,000
10%
1,000,000
4,000 shares

41^

5*3

$6,000,000
500,000
258,000

550,000

225,000

On this $18,000 has been paid in.
(2) JERSEY CITY & BERGEN RAILROAD—
Road— Owns from Jersey City to Bergen Point, etc., total traok,
*

41 >«

Controlled by Consolidated Traction Co., all the stook being
deposited as part security for the Traotion Co. 1st mortgage.
Date.
Interest. Outstand'g.
Maturity
Stock
BONDS—
Stook
$1,000,000 f.p
1873 4i«J.-J.
Jan. 1,1923
258,000
1st mortgage ($l,000).o*
Manhat f an Trust Co., New York, Trustee.
Bonds.— The bonds (orlgii ally 7s) matured Jan. 1, 1903, but were
extended as 4^8 for twenty years from that date.
miles.

&

(3)

NEWARK PASSENGER RAILWAY— Electric.
16, 1890.
On Julv 29, 1893,
999 years, and so controlled by the

Organization— Incorporated June
leased to

New Jersey Traction

for

Consolidated Traction Co. of New Jersey, the N. J. Traotion Co. having been leased to the Consol. Traction Co. of N.J. Jan. 2, 1894, for
999 years. Charter said to be perpetual.
Lea >t and Rental— Rental under the lease, $105,000 yearly.
Par. Interest. Outstanding.
Maturity.
Stock
BONDS—
stock
$100 Text.
$6,000,000 Own. by C.Tr.
NewarkPass.Ry. 1st con. ) 1,000 5-g. J- J
6,000,000
July 1, 1930
1890. $6,000,000 g.. .c* S N. J. Title Guar. & Trust Co., Trustee.
The $6,000,000 stook is all deposited as security for the Consolidated
Traction Co. first mortgage.
Interest on consol. 5s is payable at First National Bank, Jersey
City. The consols are guaranteed principal and interest by the Consolidated Traotion Co. of New Jersey, and in February, 1895, the guaranty waf stamped on the bonds. V. 59, p. 969.
ROAD— Feb., 1905, aggregated 83 miles of track.—V. 81, p.900.
(4) RAPID TRANSIT STREET RAILWAY.
Organization— In February, 1892, leased to Newark Passenger Railway, and Included with it in lease to New Jersey Traotion, and so forme
part of Consolidated Traction system.
Interest.
Stock, Bonds, Etc.—Par.
Outstanding. Last div., etc.
Stock, trustees' certs
11%J-D30 $504,000 See text.
l8
g
500,000 Apr. 1,1921
Subieofuf?aji 2t) 1 000 5 » A -<>
1 8 **
ce of WdeUty Trust (S., Newark,
110* int^nytime
?
N J - Tru °f
stee.
after April 1, 1901. j
Dividends of 11% per cent yearly are guaranteed by the Newark
Passenger and New Jersey Traction companies upon the trustees' certificates issued for stock. Miles of track 12-07.

&

'

TO
-

(5)

PASSAIC &

NEWARK ELECTRIC TRACTION—A trolley road.

Organization— Incorporated April 30, 1895, and acquired all the
$1,000,000 stock of the Passaio & Newark Electric Ry. Consolidated
Traction Co. of N. J. owns all the stock and guarantees the bonds.
Stock & Bonds—
Date. Interest. Outstand'g.
Maturity.

(ft)

See those companies.

NEW

47

Stock., $1,000,000 (par $100)
$1,000,000
1st M.,$l,000,000,guar. p&i. < 1897 5g J-D
550,000 June 1, 1937
by Consol. Trao. of N. J... I Int. at N. J. Title Gu. <fe Tr., Jersey City.
Road— Own- 10-78 miles of track.

J

$2,065,730
1,854,305

Total

Thereof ter

6%
8

8

8

f

EARNINGS OF UNITED ELECTRIC CO. OF
to Jan. 31—
Gross.
Net.

Calendar year 1 904 -

8*

6

.

Light, Heat %
Electric Co. of Bergen County

12 mos.
1903 4
1902-3

7>h. 8th.

8%
4

Railway..
Power Co.

New Brunswick

tU/i.

3.4,

Camden & Suburban Railway
Elizabeth & Kantan River Street
Gas &

:

SOUTH ORANGE & MAPLEWOOD TRACTION -Trolley.

company was leased on Oct. 1, 1903, to the North Jersey St. Ry.
(now part of Public 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
This

Jersey.

Organization— Consolidation in July, 1901, of the South OraigeA
Maplewood Tr. Co. and the South Orange Maplewood St. Ry. Stook authorized, common, $75,000; preferred, $150,000. No bonds.
<fe

S*t.

$354,^41
1,962, "8^

672,494
$2,990,117

Road— Total,

including sidings, 5*5 miles.— V. 77, p. 824.

Jersev City
Organization -This

Hoboken & Paterson Ry.

a consolidation Nov., '99, of the following
properties: Jersey City Hoboken & Rutherford Electric; North Hudson County (controlling the Hudson & Bergen Traction and the Pais

STREET RAILWAYS.

4>

vonia Horse RR.); Palisades RR.; Paterson Central Electrio; Paterson Horse RR.: Paterson Passaio <fe Rutherford Eleotrlo; Paterson Railray; 8addle River Traotion; White Line Traction, formerly the New
Jersey Eleotrio. On Jan. 1, 1906, operated 14593 miles of track.
Date.
Interest. Outstand'g. Maturity
BONDS—
- N $13,3-7 2,000 Nov.1,'49
1899 4g.
o. n id(
t r tt A- P mt<r
80l
H
J
In
™- Guar & Co -' Jer "
$?o.o ob,ooS m%'o) o* )
Bonds of Constituent Companies— Xorlk Hudson County Ry.
Outstand'g. Maturity.
Date. Interest.
620,000 Jan. 1, 1914
1884
6 J.-J.
1st mortgage ($1,000)
Consol. niort. ($3,000,000) ), aRH
o -370 ooo .Tulv 1 1S ^ H
1888 5 T _ T
^. d7B uuu Jm * x 1928
$620,000 to retire 1st M.c* 5
1,292,000 May 1,1924
1894 5M.-N,
2d mortgage ($1.000)
100,000 Feb. 1. 1915
51895 5 F.-A.
\.
«r ,
i
Weehawken Ext.
Central Trust Co., New York. Trustee.
J
175,000 Oct. 1, 1939
5 A.-O.
51899
t>^ i^T7i»^ n« i t*r
Peoples Elev. Co lstM....} N j. -nt. Guar. &Tr. Co., J.
Trustee.
48,000 Aug. 1, 1907
6 F. -A.
5 1S87
o *^ an „ rn<^ Ry. m
wtPaterson City
^ interest at First National B!k of Paterson.
Paterson Rv. Consol. M., 5 1891 6 g, J.-D. 1,000,000 June 1, 1931
g.,$l,250,000 ($1,0001 ..c ( Knickerbocker Trust Co., N. Y Trustee.
300,000 Oct., 1, 1914
6A.-O.
PatersonRy. 2d gen. niort., 5 1894
$300,000, red.at any time t Paterson Savings Institution, Trustee.
$202,000 June 1, 1908
6 J.-D.
5 I 888
t.„^„=„„ t?*- oa
PatersonRy. 2d iM
Subject to call at 105 and Interest.
}
1,258,849
"Other Debts" Dec. 31, '04
Bonds — The second 5s of the North Hudson County Ry. expired May
1, 1904, but were extended until May 1, 1924. Sen V. 78, p. 1392.
These bonds are redeemable at 110 and interest on any interest date.
|NDEX-V.78,p. 1392.

M

g^; gi
JJ

,-

n

-

-

'

-

«

m
M

C

.

M

,

M

(1)

BERGEN TURNPIKE

CO.

Organization— Originally chartered on Oct. 27, 1802, with $53,990
capital ($10 shares) and owns the turnpike from Hoboken to Hacken-sack, a distance of 12 miles, over which an eleotrio road was constructed in 1902. Jersey City Hoboken & Pater=on Ry. owns a majority
of the stock and guar Its $1,000,000 5 per cent bonds, dated 1901, due
1951, interest J-J, prinoipal and interest. N. J. Title Guar. & Trust Co.,
Jersey City, Trustee.

Orange

A

Passaic Valley By-

900 years from Nov. 1, 1903, to Public Service Corporation for interest on the trust certificates issued in exchange for stock.
Organization— Incorporated in 1898 as successor of Suburban
Leased

for

Traction Co.; sold in foreclosure July
,

RnNir?—
°
°

1st mort.,

Date.

sinnnnm
$1,000,000

J

£

6,

1898.

Maturity.

Outs' ding.

Interest.

5J-D $737,000 Dec. 1, 1938
1898
N j Tit Guar & Tr Co. of Jersey C'y, Tr.
.

.

Elizabeth Plainfleld

& Central Jersey

By.

Leased to Public Service Corporation for 900 years from Nov. 1,
1903, for interest on the trust certificates issued in exchange for stock.
Organization— Chartered in November, 1900, as a consolidation of
the Plainfleld Street Ry. and various other companies.
Maturity.
Interest. Outstanding.
Date.
Bonds—
Dec. 1, 1950
$2,119,000
5 g. J-D
1st mtge. $2,500,000)1900
($1,000), gold, c*. NoS- Interest at Fidelity Trust Co., Newark,
s.f .

& cannotbe called ) trustee.

1922
100,000
5 J&J
Int. at Fidelity Trust Co., Newark, Trustee.
($1,000) o* call in 1904 5
is held for
Bonds— Of the total issue of 1st mtge. bonds. $281,000
future betterments or extensions and $100,000 to provide for like
amount of the Plainfleld St. Ry. Co. bonds. See V. 71, p. 1310.
Plainheld8t.Ry.lstM.,) 1892

United Electric Co.
Date.

BONDS—

Outstanding.

Interest.

Maturity.

$18,383,000 June 1, 1949
gold (*500 & $1,000) 5 Int. at N.J. Title Guar. & Tr. Co J.C., trustee
420,000 June 1, 1938
5 g. J-D
Con. L'.., Heat & Pow. ) 1898
$1,000,000 ($500) g., 5 Int. atN. J. Title Guar.& Tr. Co , J.C., trustee.
389,000 Oct. 1, 1938
5 g. A-O
No. Hud! Lt. Heat & P. > 1898
$2,000,000 ($1,000).. 5 Int. at N. J. Title Guar. & lr. Co., J.C., trustee.
42,000 Dec 1,1909
J. C Elec Light Co.) 1889
5 N. J. Title Guar. & Tr. Co., Jersey CitT, Trust.
1st Mtge
Bonds-In addition to the above there are $115,000 Con. Lt. H. &
Pow. bonds in hands of trustee. $1,617,000 1st mortgage bonds are
reserved to retire these $115,000, together with the Con. Lt. Heat &
Power and No. Hudson Lt., Heat & Power bonds on following basis:
$175 1st mortgage bonds for $100 prior bonds and $20 cash
1st mtge. $20,000,000,

/

4g.J-D

1899

,

6JD

COMPANIES LEASED (BUT NOT OWNED) BY PUBLIC
SERVICE CORPORATION.
Essex & Hudson Gas Company.

This company i a leased to the Puolio Service Corporation for 900
years from June 1. 1903. 8ee terms further above. The United Gas
Improvement Co. owns a majority of the stook.
Organization.—Incorporated in New Jersey in November, 1898. and
leases the Newark Consolidated Gas Co. for 999 years from Dec. 1, 1898
at a rental of all fixed charges and dividends on the $6,000,000 stook
of that company, commencing at ^ per cent on July 1. 1900. and increasing ^ per cent yearly until 5 per cent is reached in 1910; thereafter 5 per cent per annual.
Date. Interest. Outstand'g. Maturity.
q TnrK &. Bonds—
J-D
$6,500,000
Stock, $b\500,000 ($100)
6,000.000 Dec. 1, 1948
New'k Cons. Gas cons. M.. } 1898 5g. J-D
$10,000,000, g ($1,000) c* 5 Fidelity Trust Co., Newark, Trustee.
1
" $4,000 \ 1895 6 Q-J
4,000,000 Apr. 1, 1944
)^

^OO^InJOO

M

',;

Bonds -Of the $i6i60O,'6oo Newark Con. Gas bonds, $4,000,000 are

reserved to retire underlying
Plant—Owns entire gas plants in the territory between Passaio and
Elizabeth, including Newark.— V. 67, p. 1002, 1160.
liens.

Hudson County Gas

Co.

This company is leased to the Pubho Service Corporation for 900
years from June 1, 1903. See terms further above.
ORGANIZATION.— Incorporated in New Jersey in October. 1899, and
is a consolidation of the various gas plants in Jersey City and Hoboken.

Stock

& BONDS—

Date.

Stock. $10500.000, $100
1st mtge., $10,500,000 )

1899

Outstand'g.

Interest.

5g.,

M-N

Maturity.

$10,500 000
10.500,000 Nov.

1,

1949

N.J. Title Guar. &Tr.Co., Jersey City, Trustee
PLANT —Controls all gas plants In Jersey City, Hoboken and Hudeon County, N. J.— V. 78, p. 770.

gold

5

Paterson

&

Passaic Gas

A

Electric Co.

This company is leased to the Public Service Corporation for 900
years from June 1, 1903. See terms further above.
Organization.—Is a consolidation of the various gas and lighting
properties of Paterson and Passaic.

&

Interest.
Outstand'g.
Maturity.
Dale.
Stock
Bonds—
J-D
$5,000,000
Stock, $5^00,000, $100
3,971 000 ..Mar. 1,1949
L Jr.
C 1899 5 g. M-S
Con S J 2rt^ ?«»' nJn 'ftnn < Int. at First National Bank, Paterson, or
c £
gold ($1,000)
First National Bank, New York.
50,000.. .July
1,1906
1866
Pat. Gas L. 1st mort
5,000 ..April 1,1906
1868 5 A-O
Pat. Gas L. 2d mort
150,000. ..July
1,1912
1892 5
Ed El. 111. 1st mort
398,000.. .June 30, 1925
1895 5 g. J-J
Ed El 111 gen. mort
52,000.. .May
1,1908
1888 6 g. M-N
Pat El. Lt 1st mort
316,000.. .May 1, 1925
Pass. Ltg. Co. con. mort . 1895 5 g. J-D
8,000...
1906-08
Pass. Ltg. Co. 2d mort... 1897 5 g. J-J
50,000.. .June 1, 1922
Pass. GasL 1st mort.... 1892 6g. J-D
,

m

1

v'

5JJ

[Vol. lxxxii.

Bonds.— Of the new $5,000,000 mortgage of 1899. $1,029,000 are reserved lor underlying liens The new bonds are not subject to call.
The Paterson Safe Deposit & Trust Co. is trustee.

Somerset

!

nlou

Middlesex Lighting Co.
New Jersey on Deo. 1, 1903,

A-

Organization— Incorporated

In

In the
interest of the Publio Service Corporation, as a consolidation of the
Somerset Lighting Co., of Somerville, N. J., the Plainfleld Gas
Electric Light Co. of Plainfleld, N J., and the Citizens' Electric Co. of
North Plainfleld. (V.78, p. 107.) On Dec. 31, 1903, the Central Electrio
Co. was also merged in the same.
Lease—The company is leased to the Public Service Corporation for
900 years from Deo. 31, 1903, on rollowing terms, viz: all interest,
expenses and taxes to be paid by Public Service Corp. an£ as rental a
dividend on the stock accruing as follows: From Dec. 1, 1905, 1 p.c;
Deo. 1, 1906, 1>« p. c; Deo. 1, 1907, 2 p.c; Dec. 1, 1908, 2** p.c; Deo.
1, 1909, 3 p. c; Deo.l, 1910, 3% p.c; Dec. 1,1911, and thereafter 4 p.o.
Date. Interest. Outstand'g. Maturity.
STOCK
BONDS—
J-D
$1,050,000
Stock, $1,050,000 ($100)
See text.
Somerset U.
M. Lt. Co. M., ) 1903 4 g. J-D 1,601,869 Dec. 1, 1943
$2,750 000 ($1,000), g..o* 5 Int. at Fidelity Tr. Co., Newark, Trustee.

&

&

&

Underlying bonds assumed.
1891
J-J
110,000 Jan. 1, 1911
j Elec. 1st..
& n„n 1=* 5 Central5Tru8t Co-> New Yo rk. Trustee.
}
40,000 Nov. 1, 1915
5 1895
5
Citl/euR' iLiectrio 1st
orazens Fl«ntr1«
£ Knickerbocker Tr. Co., New York. Trust.
A-O
Plainfleld Gas & Elect. Lt. ) 1900 5
265,000 Apr. 1, 1940
gen. M., $500,000
5 Morton Trust Co., New York. Trustee.
5
150,000 Feb. 1,1936
Somerset Lighting fin 1st. j 18
He-htlne- Co. 1st
} Fldelity Tru8t Co-f Newark, Trustee.
Cent. Eleo. 1st M., $750,000) 1900 5 g. J-J
700,000 July 1, 1940
c*5Int. at Fidelity Tr. Co., Newark. Trustee.
($500 & $1,000), g
E
f N B
50.000 June 1, 1918
1 1888 6

Bi.^Aou d„„
Plainfleld Gas

MN

"

isTmortgage™'..?

..

FA

JD

:.

Bo»irfs-$l,181,869 of the 1903 bonds were Issued in exchange for
the stocks of the companies consolidated and $420,000 for extenare reserved for additions
sions and improvements; $372,125
and extensions or acquiring other property; $1,006 for the Central Electric stock Jnot yet acquired (the company having previously obtained the remainder of the $750,000 total stock of
that company) and $775,000 to retire the underlying bonds. No sinking fund and bonds cannot be called. Of the $500,000 Plainfleld Gas
& Elec general 5s, $150,000 are reserved for prior liens and $85,000
Jor construction. Of Central Electrio Co. bonds, $50,000 are reserved
to retire a like amount of Middlesex Electric Co. bonds.
The Central
Eleotrio bonds are subject to call atter 1905 at 110 and interest.
President. H. G. Runale; Secretary, J. C. Pope. V. 78. p. 107.

A

South JTersey Gas, Electric
Traction Co.
This company was leased to the Publio Service Corporation for 900
years from June 1,1903. See terms further above.
Organization—Incorporated in 1900 to bring under one control
the gas, electric light and trolley interests in Southern New Jersey. In
Dec, 1902, purchased the entire capital stock of the Bristol Eleotrio
Light & Power Co. of Bristol, Pa.; the latter has no bonded debt.
Also owns the entire capital stock ($600,000) of the Camden Gloucester & Woodbury Ry. All the latter's 1st mortgage bonds nave been
turned in and canceled. The corporate existence of the railway is,
for legal reasons, maintained, but it is operated as part of the property
of the South Jersey Gas, Electric & Traction Co.
Outstand'g.
Maturity.
BONDS— Date. Interest.
STOCK
8t
$6 ' 000 00
J "D
$6,000,000
See text.
$10b
°i
1903
5g. M-S
8,925,000
Mar. 1, 1953
1st M'.,"$15i000,-)
000, g. ($1,000), \ Interest at Fidelity Trust Co., Newark, N. J. f

&

'

guar

c*

^M^ftun

!

"*'($] 000)' >

000

Trustee.

j

1

2,000,000
March 1,1949
1899
5g. M-8
Intere8t »t Colonial Trust Co., N. Y., Trustee.

1901
)
5g. M-N
100,000
May 1, 1921
ilnt at Burlington City Lo & Tr. Co Burl'n, N. J.
Bonds.— Of the new $15,000,000 issue, $2,111,000 are reserved to
retire prior liens and $3,964,000 for additions and improvements.
No sinking fund and bonds cannot be called. These bonds are guaranteed by the Publio Service Corporation. The Trenton Gas & Elec
trio Co. bonds are also guaranteed by the Public Service Corporation.
Road—Jan. 1, 1906, the Camden Gloucester & Woodbury Rv. owned
24-78 miles of track.— V. 76, p. 332, 544, 866, 1144, 1250; V. 78, p. 1449.
Burlington Gas Li

IstM

Co.

,

Camden

6c

Suburban Ry.

leased on May 1, 1904, to the Publio Service Corporation for
999 years, rental being (in addition to fixed charges) $30,000 the first
year (1905), $36,000 the second year, $42,000 the third year, $48,000
the fourth year, $54,000 the fifth year, $72,000 the sixth year, $84,000
the seventh year, $96,000 the eighth year, $108,000 the ninth year
and $120,000 the tenth year and thereafter. V. 78, p. 2383.
1896. Controls the Camden Horse RR.
Organization— Formed
(which is leased) and the W^st Jersey Traction Co. (stock, $65,000).
Date.
Interest.
Outstanditig.
Maturity.
BONDS—
STOCK
Q-F
See text.
See text.
StocK. $3,000,000, ($25)
5 J-J
1,302,000
July 1,1946
1st mortgage, $3,000,000, 5 1896
) Int. at Security Tr. Co., Camden, N.J.,trus.
gold ($1,000)
8ee text
63,000
5 1904
5g. A-O
fl«r trusts */u,uuo
Car trusts, «70 000
^ int. at Camden (N. J.) Safe Dep.
Tr. Co.
Bonds.— The car trusts in table above mature $7,000 annually on
April 1 until and including 1914; $7,000 were retired on April 1,1905.
Stock.—The stock is all outstanding; 20 p. c. paid in.
EARNINGS-Included in report of Publio Service Corporation.
ROAD—Track, 50 37 miles; Camden Horse RR., leased, 30 ll m.;
W. Jersey Trac Co., 3-19 m.; total, 8367 m. Connection through to
Trenton is made over the Camden & Trenton. V. 78, p. 1781, 2383.

Was

&

&

-

CAMDEN HORSE RR. -A trolley and horse road.
)
ORGANIZATION— Incorporated March 23, 1866. Leased to the Camden
& Suburban Ry. from April 1, 1896. Rental, etc, received in 1904,
(

$60,000, from which paid 24 p.
Date.
BONDS—
STOCK
Stook ($25) paid in

&

1st

mortgage

$

1889

c

on stock.
Interest.
See text.
5

Outstand'g. Last div.,

$250,000
250,000

MN
"

etc.

See text.

May

1,

1909

} Seourlty Trust Co., Camden, Trustee.
5 M-N
1st cons. M. ($500,000) 5 1892
250,000 May 1, 1912
Co. Camden, Trustee.
($500)
t Seourity Trust
Interest payable at New Jersey Trust Company, Camden, N. J.
,

Dividends— 1896, 14 p.c: '97, 16 p. c;
20 p. c. '01, 20 p. c; 1902 and 1903, 22
;

'98, 18 p. c; '99, 18 p.
p. c; 1904, 24 p. 0.

c; '00,

ROAD.—Has 30-11 miles of track.
Elizabeth A Raritan River Street Ry.
ORGAN'ZATION— Is a consolidation on April 30, 1904, of the Middle-

& Somerset Traction Co.

and the East Jersey Street Ry., whioh
company had previously absorbed 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
sex

latter

guarantee of interest on outstanding bonds of lessor company.

STOCK

&

BONDS—

Date. Interest

Stock, $3,500,000
0«n mtge., *3,500,000
Gen. mt«re -S3 500 000

J

Brunswick Traction mtg.,g.

}

cannot be called
Middlesex A'Somerset Trac,

)

($1, 000) ,0*

}
5

Outstand'g.

Maturity.

$2,000,000
See text.
I 904 5 «N
597,000 May 1, 1954
Fidelity Trust Co., Newark, Trustee.
1896 5g. J-J
500,000 July 1, '26
Fidelity Trust Co.ofNewark, Trustee.
1900 5 g.J-J
1.000,000 Jan. 1,1950

M

"

g.,$l,000.M..$l,500,000.c* 5 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.. 5 Perth Amboy Tr. Co., Perth Amboy, Tr.

)
;

.

STREET RAILWAYS.

Feb., L906.

Bonds.— Of the new general mortgage of 1904 $2 000,000 are reserved to retire prior liens mid *90;-i,000 for improvements.
ROAD-— Operates 60 - 78 miles of track. V. 78, p. 2384, 2442.
Gas iV Electric Co. of Bergen County.
LEASE— Is leased to the Publlo Service Corporation for 999 years
from Jan. 1, 1905. Dividends are to be 2 p. c. for first two years, 2»a
p. o. for the next year, 3 p. c. for the next two years, 4 p. o, for the
next four years and 5 p. o. thereafter.
ORQan'Zation-Ib a consolidation of several small gas and eleotrlo
light companies, stock w*s formerly held In a voting trust, but this
expired bj limitation on Deo. 28, la04. See V. 80. p. 653.
Maturity.
Interest. Outstand'g.
Date.
Stock
BONDS
$2,000,000 See text.
Stock, $2,000.00o ($100)
1,048. OoO Nov. 1, 1954
Gen. mort.. $5,000,000, > 1904 5 g. M-N
(Jreen Trust Co.. N. Y., Trustee.
gold ($1,000)
s Bowling
1,3 -3.000 June 1, 1949
1899 5 g. J-D
^.
$1,EOO,000,
Con. mort.. *> ennnnn g 5 F1dellty Tl-ust o., Newark. Trustee.
\
50,000 Mar. 1, 1911
N. V. Ruth & Sub. con. M. 1895 6 g. M-S
50,<>00 Mar. 1, 1911
M-N
6
... 1891
Ruth. * B.Si.gs. xen.
23,000 Jan. 1,1939
J .1
5
.. 1899
Engle. G. & E. gen.
13,000 Sept. 1. 1908
1893 5
Bergen Co. G. C. Is
aoK. G & E. deb.,Series > 1997 .g 6
j.j
6 ,000 Jan. 1, '17-18

&

.

M
M
M

1 aud 2
Hack. G. & E. gen

J

10,' 00 Jan. 1, 1935
28,000 July 1, 1934
l
nAn\
Bonds— Ot the general mort. for $5,000,000, $1,500,000 are reserved
retire prior Hens and $2,452,000 for additions and improvements.
OFF CE'-S-Pres., Or. P. St. John. Hackensack.— V. 80, p. 653.

H ?*i

L

k,

t

M

M8

8t

'

J J

1895 5
1*94 6

m0TU

'

New Brunswick

J-J

Light Heat

& Power

Co.

In New Jersey on Dec. 7, 1899. Owns
the stock of the Gas Light Co. of New Brunswick. Is leased to the
Publlo Service Corporation for 900 years from Jan. 1, 1905, rental
being 2 p. c in eaoh of the years 1905 and 1906, 2^ P- o. In 1907 and
1908, 3 p. 0. in 1909 and 1910. 3^ p. 0. in 1911, 4 p. c in 1912, 4* p.
o. In 1913, and 5 p. o. in 1914 and thereafter.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
See text.
$400,000
J-J
Stock, $500.00 ($100)
J-DiB
500.000 Dec. 1% 1939
1st mort., $500,000,gold) 1899 4g.
Newark, Trustee.
($500 and $l,000)..c S Int. at Fidelity Tr. Co.,
Officers— President, John C. Elsele, Newark; Sec, H. M.Barrett;
Treas., Nathaniel King. Newark.— V. 79, p. 27»9.

ORQAN'ZATION— Incorporated

all

&

1

Middlesex Electric Light & Power Co.
Organization. — Is a consolidation of the Carteret Electric Light &
Power Co. and the Middlesex Lighting Co. Stock all owned by Public

Service corporation.

&

Outstan'q.
Maturity.
Date. Interest.
Bonds—
...
$175,000 ..
Stock, $200 000
1905 5 g.
160,000
Jan.. 1955
1st mort $200,000, gold
Bonds— Of the bonds, $40,000 are reserved for Improvements.

STOCK

.

,

JOHNSTOWN,

PA.

JOHNSTOWN PASSENGER RY.-A
Organization.—Incorporated

in Pennsylvania

trolley road.

on May

8, 1882.
Outstanding. Maturity
Stock. $2,000,000, par $50.
....
Q-M« $2,000,000
See text.
229,000 Mar., 1, 1910
1st mortgage, $250,000) 1890 6 g. M-S
0*5 Int. at Fidelity Trust Co., PhUa., Trustee.
($1,000) gold
Con. intg., $800,000. gold ) 1899 4
399,000 Deo. 1, 1929
g. J-D
oan be called! Int.
($1,000),
at Guar. Trust Co., N. Y.. Trustee.

Stock

&

Bonds—

Date.

Interest.

.

any interest day

c*

New

mortg'ge, $2,000,000
1901 4 g. J-D
1,302,000 Dec. 1, 1931
Int. at Johnstown Trust Co., Trustee.
c*
($1,000) gold
Bonds-Ot the new intge. of 1901, $628,000 Is reserved to retire
underlying Hens and $60,000 to provide for the floating debt and $10,000 for 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. 0.; in 1895, 12 p. c; 1896, 6 p. c;
1897, 6 p. c; 1898, 6 p. c; In 1899, 8 p. c; In 1900 (on new stock) 4 p.
c; In 1902, none; in 1903, 2 p. c; In 1904, 2 p. c. In 1905, 2 p. c. In
1906, March 31, H p. o.
Earnings— Year ending Dec. 31.1905, gross, $386,834; net, $212,562; interest, $84,843; surplus, $127,719.
Road Owns and operates about 33 miles of track, Including an extension from Johnstown to Windber, 11 miles, completed on Jan. 1, 1902.
Officers— President. T. C. Du Pont, Wilmington, Del.; Vlce-Pres.,
William K. Thomas, Johnstown; Sec, S. E.Young, Johnstown; Treas.,
Herman Baumen, Johnstown.—V. 72, p. 936: V. 73, p. 662, 1313.

—

49

Road— Has completed an interurban line of 28 miles between Kalamazoo and Battle Creek, which was opened for business Aug. 1, 1900,
with an extension of 4^j miles to Gull Lake and Yorkville, giving
with the city lines in Kalamazoo and Battle Creek altogether 50
Rails are of from 49 to 70-lb. T, and 90-lb. grooved girder rail.
miles.
REPORT—Year ending June 30,1905, gross, $288,456; net, $107,873; s. f. and charges, $70,851; surplus, $37,022. In 1904, gross,
$236,199; net, $51,126; charges, $63,347;
2280; V. 81, p. 1792.
(-.)

deficit,

$12,221.— V. 77,

p.

MICHIGAN TRACTION EXTENSION CO.—

ORGANIZATION— Organized to build extensions of Miohigan Traction
Co. in the cities. Stock all owned by Michigan Tract. Co., which leases
the road. Bonds all owned by Rys. Company General. About 5*2
miles completed; more under construction.

&

Date.
Interest.
Outstanding. Maturity.
BONDS—
Stock
$25,000
Stock, $25,000 (owned by Mich. Tract. Co.)
5 g J.-D,
500,000
Dec 1,1923
1st M., $500,000 ($l,-> 1903
Knickerbocker Tr. Co., N. Y., Trustee.
000),gu.p.&i.,end.,g.o s Int. at

Bonds

and i., by Mich. Tract, by end. No s. f. and bonds not
Mich. Trac. 2d M. bds. are pledged as additional security

guar., p.

subj. to call.

KANSAS

CITY, MO.
KANSAS CITY RAILWAY & LIGHT COOrganization Incorporated in 1903 in New Jersey, and has acquired the entire outstanding capital stock of the Metropolitan Street
Railwav of Kansas City and the Kansas City Electric Light Co. (Plan
in v. 76, p. 1143.) Through Metropolitan Street Railway siock, the
Kansas City Railway & Light Co. acquired the stock of the Central
Electric Railway Co. and practically all of the stock of the Kansas
City Elevated Railway Co., and through the stock of the Kansas Citv
Eleotrlo Light Co. it acquired the stock of the Edison Electric Light <fe
Power
Power Co. (of Kansas City), the Consolidated Electric,. Light
Co the Standard Eleotrlo Light Co. and the Kausas City Electrical
Wire Subway Company— except, of course, in each instance the qualiControls all the street railway,
fication shares held bv directors.
electric-lighting and power business of Kansas City.
Street Railway Franchises.— The franchises of the railway lines in
Kansas City, Mo., in which city the greater x'art of system i3 located,
have been recently revised and confirmed, and franchises granted for
extensions and valuable trackage rights in newly populated portions
of the shopping and delivery districts, all of which franchise:- are operative 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 which the city
had power to grant the same, namely to Dec 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 li mited to 8 per cent
of the annual gross receipts.
Rleclric Light Franchise.—The franchise of the Kansas City Eleotrlo Light Co. is perpetaal.
Date. Interest. Outstanding.
Maturity.
Stock
BONDS—
Common, $12,5<jO,000
$9,635,600
5 Q-M
9,522,100 Dec, '05, 1^4%
Pref. 5%,n.c, $12,500,000
5 S-M-N15
9,325,000 May 15,1913
1st lien refund
S20 ( 1903 Y'ork Trust Co., New York, Trustee.
«*Vs New
o<sr
000,000, goia.
4 Int at co.'s agency in Kan sas City or N. Y.
3,000,000 Dec 15, 1907
Notes, $3,000,000($5,000).1904 5 * J-D

&

,

&

InlnS' M

-

Underlying Liens.
Ry. 1st \ 1886 5 g J - J
$556,000 July 1, 1916
M. ($1,000) dm. at 110. 5 Int. at Central Trust Co., N. Y., Trustee.
Met. St. Ry. gen. mort. < 1889 5 g M-S
1,000,000 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. & 1., > Int. is payable in N. Y. by Blair, & Co.
Corrigan Con.

St.

and in Boston by New Eng.,Tr. Co. .Trustee.
887 5A "°
300,000 Apr. 1, 1911
fi
ext l'n i 8q7"a n
Redeemable at 102^ at any time.
again in 1901
)
Grand Avenue Ry." 1st ) 1888 5 g. J-J 10 1,200,000 July 10, 1908
ext. in 1901; red. at 102*2 J
1
Sl
8 ee t

mU

dU

.

mortgage, gold
c S Central Trust Co., N. Y., Trustee.
Metroplitan St. Ry. con. ( 1895 5g. M-N
4,344,000 May 1, 1910
mortgage,
$8,500,000. < Not subject to call before maturity.
gold
c* (int. at Old Colony Trust, trustee, Boston.
1899
2,000,000 May 1, 1914
Oem Flee Rv 1st mort f Int at 5 g M-N Trust Co., N. Y., trustee.
Colonial
$° 50^0 000 filOOoTJola'i
<$l,000)goid,<
$2,500,000
Bonds may be called at 105 on any inc Iterestday on 30 days' notice.
* Ud,r
Park Conneo. Ry., p. & i. J 1898 6
....
30,000 Feb. 1, 1908
-

JOLIET, ILL.
JOLIET PLAINFIELD & AURORA RR-A
trolley road.
STOCK

& BONDS—

Date.

'

Interest.

Out&tand'g.

Maturity.

Stock, $400,000 ($100)
$400,000
1st mortgage, $400,000. ) 1903
5 g
400,000
Aug. 1, 1938
gold ($1,000)
c*&r$Int. at Amer. Tr. A Sav. Bk.. Chicago, Trust.
Bonds— Are subject to oall any interest date after 10 years at 105 and
int.
A s biking fund of 2 p. c. of gross earnings begins Aug. 1. 1909,
but at least $3,000 yearly 1909 to 1929; thereafter $4,000 yearly.
V. 82, p. 334.

FA

Earnings.— For year ending Oct

21, 1905, gross, .$75,076; net,
after taxes, $30,084; interest, $20,000; surplus, $10,084.
Road— Operate 20 miles of traok between Joliet and Aurora, thereby
forming a connecting link between Chic.
Joliet Electric and Aurora
Elgin
Chicago. Has long-time contract with Ohio. & Joliet for use
of terminals at Joliet and gets its power from that company. Has
similar contracts for terminals at Aurora. 60-lb. T rail, standard gauge
OFFICERS— Pres., F. E.Fisher; Vice-Pres. and Mgr., H. A. Fisher;
Secretary, F. E. Stoddard; Treas., L. D. Fisher.— V. 77, p. 1294; V. 82,

&

&

p. 334.

KALAMAZOO, MICH.

MICHIGANTRACTION

OF KALAMAZOO
CREEK.-Trolley. in Dec, 1905, present
& BATTLEcontrol from the
owners acq aired
Railways Company General.

V. 81,

p.

See

1792.

Organization— Incorporated in Michigan Deo. 31, 1896. A consolidation in 1897 of the Citizens' Street Ry. of Kalamazoo and the
Citizens' St.Ry. of Battle Creek. In June,1902, the first mortgage bonds
were listed on the Phlla. Stock Exohange.
A new second mortgage for $500,000 5 p. o. bonds has been authorized. None are to be issued but they are to be held as security for the
Michigan Traction Extension Co.'s 1st mortgage 5% bonds.
Date. Interest. Outstand'g.
Maturity.
._ ....... ...
Stock $500,000 ($100)
1st mortgage S. F. $700,000

$500,000
....„
)
1901 5g. J-J
700,000 Jan. 1, 1921
($1,000), gold
Interest at N. Y. TrustCo., Trustee.
J3onds-The entire issue of $700,000 was offered for sale in Feb.,
1901, by Dick Bros. & Co., Fidelity Title & Trust Co. of Pittsburg and
Tracy & Co. of Chicago.
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.
$26,000 of bonds now held in sinking fund.

oM

A

guaranteed
( U. S. & Mexican Tr. Co., Kans. City, Trust.
1901 5 g. J-J
July 1,1911
250,000
)
Fast Side Flee Rv 1st
at Colonial Trust
*2\oooo g
™id f« onoi' (int. .Huttig of Kansas Co., N.Y., Trustee.
<$i.OOO),
City is also Trustee.
litc^T?
not guar
o f Nos.f.,butmaybecalledatparanyint.date.

M

Wm

1

J

Controlled

Kansas City Elevated Ry.
1st M. pref. ($600,000)

& i.o*

1892
1892

Company.

6gJ-J
4gJ-J

$600,000 July 1, 1922
2,000,000 July 1,1922
Interest at Manhattan Trust Co., N. Y.
<
Bonds.— Of the new $20,000,000 mortgage of the Kansas City Ry.
Light Co., $10,780,000 are reserved for underlying liens and $1,895,000 remain in the treasury. These bonds are both coupon and registered, the coupon bonds being in denomination of $1,000 and the
registered bonds in denominations of $1,000, $10,000 and $50,000"
The new bonds are redeemable at 105 and interest on any Interest
date. The Metropolitan St. Ry., the Kansas City Electric Light Co.
and the Central Eleo. Ry. in May, 1903, made mortgage notes aggregating $10,500,000, which are deposited as collateral under the new
Kansas City Ry. & Light Co. mortgage; the share capital acquired of
the Kansas City Elec. Light Co. and the Metropolitan Street Ry. has
g. ($1,000)

guar. p.

2d M.

gen'l ($2,000,000)
g. ($1,000) guar. p. &1.

)

&

also

been so deposited.

The notes of 1904 in table above are secured by pledge of $2,000.000 of the company's bonds and $2,500,000 of its preferred stock.
They are subject to oall on and after Dec. 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 and Kansas City Cable lssue« described
In the table above, amounting now to $4,106,000. The Kansas City
Cable and Summit Street nitgs. fell due April 1, 1901, but were extended by endorsement for 10 years.
Kansas City Elevated Ry. 1st M. preference 6s are guaranteed,
principal aud interest, by endorsement by the Metropolitan Street Ry.;
so are the 2d M. general 4s. The guaranty on the latter was 3 per oent
per annum until July, 1895. and sinoe then 4 per cent. For form of
guaranty, see V. 73,

p.

1160.

Dividends— First dividend,
on June 1, 1904, and 1*4 p.

per cent on preferred stock, was paid
quarterly since then to and including

\H
0.

Dec. 1905.

Latest Earnings— 7 mos. to Deo. 31, 1905: Gross, $3,038,323; net,
after taxes, $1,569,458; iixed charges, $958,897; surplus, $610,561.
REPORT— For year ending May 31. See report In V. 81, p. 555.

<*

50

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'J

u

*

N

3'

'«*<

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i
!

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I—

d
—

STREET RAILWAYS.

vxrjvs

•H

fJ/3

dO_£

'

>>
1)

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Vol. lxxxii.

^hB77
,a

J

STREET RAILWAYS.

Feb., 1906.]
1905—
Gross earning
Operating expenses

Railway.
$3,906,757
2,02 0,378

Net earnings
Other income
Interest and taxes

$1,886,379
16,588
1,409,211

Lioht.

Total.

$542,377
214,882

$4,44^,134
2,235,260

$327,495

and
,

$493 757

$728,600
$234,844
Out of the surplus for the year ($728,600), $476,105 was paid In
dividends (59t ) on K; n. Oity Ry. & Light pref. stock and $55,000 was
applied in bond redemptions.
Revenue passengers carried. 77,223,357; transfer passengers carried,
32,494 086; total, 109.717,443.
Road -Comprises 1 10-35 miles of road and 217 79 miles of traok.
OFF'CERS.-President, Bernard Corrlgan Sec. and Treas., W. E.
Kirkpatnck; Auditor and A»st. Treas., J. A. Harder; Gen. Man., Chas.
Surplus

;

N. Black.— V. 79,

1329, 2697;

p.

V. 81, p.

555, 1723.

KANSAS CITY-WESTERN RAILWAY.
an poye

ini)>

(See

."><>.)

In May. 1905, Fisk & Robinson and associates purchased control of
the Kansas Oity Leavenworth Kailroad, acquiring substantially all
the crouds and stock Name changed to Kansas City-Western Railway.
Outstana'g.
Maturity.
Int.
Date.
Bon >S
S oCK
$2,000,000
Stock. $2,000,000,'par $100

—

&

making altogether 25 miles of track. 601b. T and 70 lb. girder rails.
Nearly all over private right of way.
Off'icers— Pres., Jos. H. Morris, Land Title Bldg., Philadelphia; See.

$2,213,«74
16,588
1,501,862

92 651

Bonds, fci.OOO.OOO Mrst Re-) 1905 5g. M-S 1. 458.OO0 Sept. 1. 1925
funding (coup $1,000; r., > Interest at hisk & Robinson, New York.
$1,000. $5,000, $10,000).. ) Standard Trust Co., N. Y .trustee.
t>tock & 8> nds. - $1,400,000 ef bonds were issued to refund like
amount of bonds outstanding of old company, all but $42,000 of which
have been retired; $1' 0.000 for general corporate purpos< s. and le
mainder, $3.500,< 00, to be issued for acquisitions, extensions and improvements. Entire outstanding issue is redeemable September 1,
1910, or any interest date thereafter, at 105 and Interest. Stock in
voting trust until May, 1910.

,

,

•

eral otlico.

Leavenworth, Kan.

KENNETT, PA.

WEST CHESTER KENNETT & WILMINGTON ELECTRIC RY.
—

On June 22, 1904, Bayard Henry was appointed recoupons being in default. See V. 79, p. 105, 502 On Apr 20,
1905, the road was sold under foreclosure for $200,000 to the bondholders. V. 80, p 1730.
R iAD— About 16 miles of traok between Avondale. Kennett and
Wilmington. Gauge, 5 ft. 24 in. 60 and 70 lb. T and girder rail.
Receivership

ceiver,

i

—V.

79, p. 105, 502; V. 80, p. 713, 1060. 1176, 1730.

Treas.,

road.
RY -A
KENOSHA ELECTRIC the Chicago & Milwaukee
orted thac
In Nov.,
iv»05, it -vas ie,
'

Elec.

2, 1902.

Maturity.
Date.
Interest. Outstaitd'u.
Stock <\ Bonds—
$150,000
Stock. $150,000. $100
1903
N
150.000 May 1, 1923
)
5g.
1st mtge.. $200,000
c* s Int at Northern Tr. Co., Chicago. Trustee.
gold ($1,000)
Bonds— Are subject to call after May 1,1908, at 105 and interest.
SeeV, 78, p 2012.
Ear-inhS.— For twelve months ending Aug. 31, 1905, gross, $42,214; net after taxes, $24,099.
R ad— Operates 4'1 miles of track in Kenosha and to North and
South Kenosha.— V. 81, p. 1492.

M

KEOKUK,

KEOKUK ELECTRIC

IA.

RY- &

trolley toad.

POWER CO--A

Organization.— Incorporated as a consolidation of the street
railway and electrio light interests in Keokuk. Also operates telephone, electric light, power, gas and steam-heating plants.
Date.
Interest.
Outstand'g.
Maturity.
Bonds
Stock

&

—

Stock, $400,0<»0
$400,000
1900 5 g. J.-J.
1st mtge
$250,000 J
245,000
See text.
I Int. at Royal Trust Co., Chicago, Trustee.
($500), gold
Bonds-Ot the $'?50,000 gold 5s, $125,000 are due July 1, 1925, the
remaining $12>,000 mature in annual instalments varying from
$5,000 to $9,000 yearly on July 1 from 1906 to 1924. inclusive. Are
redeemable at option of oompany at 105 and interest after 1905. See
V. 71, p. 182.
Road.— Owns and operates 8 miles of track and has contract with
oity for supplying 154 arc street lights at $60 per light per annum for
.

5 years from Ma* 10, 1901.

OFFICERS-— Pres. and Man., A. D. Ayres;

Johnson— V.

Sec.

&

Treas., Geo. E. C.

71, p. 182.

KEYPORT,

N.

J.

JERSEY CENTRAL TRACTION

CO.-Trolley.
Organization— This was formerly known as the Keyport & Matta-

wan Street RR., a horse line, but has been operated as an electrio railway since July, 1901, and name changed as above on Oct. 4, 1901.
Company also owns 465 of the 500 shares of stock and all of the
bonds of the Middlesex & Monmouth Electric Light, Heat& Power Co.,
which furnishes light to Keyport, Matawan and South Amboy.
STOCK

&

ONDS-

Stock. $1.000.000
1st mtge., $750,000
$t,000)
gold ($500

Date.

Interest.

Outstand'g.

Maturity.

$1,000,000
Nov. 1, 1931
750,000
&
I
Trust Co., Phila., Trustee.
Gen. nitg,*l ,500,000s 1904
* J r>
5
415,000
Deo. 1, 1954
gold ($1,000) ....c*Unt. at Fidelity Trust Co., Newark, Trustee.
Bonds Of the $1,500,<00 new bonds, $750,000 are reserved to reThe new bonds are subject to call at any time after
tire the first 5s
Deo 1, 1914, at 105 and int.
Road— Owns and operates 7 miles of road from Keyport through Matawan to Freneau. An extension of 18 miles from South Amboy through
Keyport and Belford to Red Bank was completed In April, 1904,
<

1901

5

g.

M-N

Int. at Colonial

FLA.

trolley

eleotin addition to entire street railway business of the city. Franchises are for 99 years. In June, 1904, acquired
Power Co., and now does the entire
the Key West Eleotric Light
electric business of the city. V. 78, p. 2334.
Date. Interest. Outstanding. Maturity.
Bonds—
Stock

in

in

Organization
ric light and power business

&

&

$300,000
Stock $300,000 ($100)
Jan. 1.1929.
300,000
1st mortgage, $300,000, ) 1899 5 g. J-J.
cslnt. at Knickerbocker Tr. Co., N. Y., Trus.
gold ($1,000)
Bonds.— Bonds have no sinking fund and cannot be called.
Road— Operate? 7 miles of traok; 60 and 65-lb steel rails; 7 cars.
Supplies about 16,000 16 c. p. lamps and 150 h. p. motors; also 200

lamps under city contract.
Officers— President, Walter H. Knight, New York; Vice Pres. Geo.
W. Allen, Kev West; Seo. & Treas.. Chas. A. Murphey, 1 5 Wall St.. New
York; Mgr., O. C. G. Urban, K^-y West.—V. 77, p. 250; V. 78, p. 2334.

KINGSTON,

N. Y,

KINGSTON CONSOLIDATED RR.-

ORGANIZATION—This is a consolidation on Deo 11, 1901, of the Kingston City Railroad and the Colonial City Traction.
Maturity.
Date. Interest. Outstand'g
BONDS—
STOCK
$200,000
Common, $200,000 ($100)
"1904-5, 4%".
200,000
Pref. 4% cum., $200,000
Jan. 1, 1952
1901 5g. J-J
534,000
1st Con. M. $700,000?
o* S Int. at Manhattan Tr. Co., N. Y., Trustee.
($1,000) g
Kingston Oity RR.—

&

J-

15,000
June 12, 1909
Maroh 1, 1923
135,000
\ Interest at Farmers' Loan & Trust Co., N. Y.
June 1, 1910
10,000
1890 5JD
5qnar.
6,000
On demand.
Bond and mortgage
Bonds— $166,000 of the new $700,000 con. 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,
IstM., $500 each
Cons., $150,000, ($1,000)
Not sub.to call befe mat.
Debentures $10,000

3

<

1879
1893

7

5

M-S

snow plows.
Earnings— For year ending June

30, 1905: Gross, $123,633; net,
$50,598; interest and taxes, $39,998; dlvs., $8,000; surplus, $2,600.
Officers— Prest, Charles M. Preston. 27 William St., N. Y. City:
V-Prest's. C. G. B^l, Kingston, an<i A. M. Day, New York; Seo. Aug. J.
Phillips, Kingston; Treas., Abm. Hasbrouck, New York; Gen. Man., O.
Gordon Reel, Kingston; Supt., G. B. te Bow, Kingston.— V. 73, p. 1160.

KITTANNING, PA.

KITTANNING & LEECHBURG RYS
trolley road.

CO.-A

Organization —Incorporated in Pennsylvania on May 26, 1905,
and Is a consolidation of the Kittaning & Leechburg Ry., the Kittanning
& Ford City St. Ry., the West Kittanning St. Ry. and the Kittanning
<fe Mosgrove St. Ry.
Interest.
Outstand'g
Date.
Maturity.
STOCK & BONDS—
$500,000
Stock, $500,000, $50
"" 1934
1904 5 g. J-J
27,500
1st mort. $750,000 gold, <
c Hnt at Union Trust Co., Pittsb Trustee.
($1,000)
Bonds —$27,500 are reserved to retire a like amount of bonds of the
Kit. A Ford City. New bonds are subject to call after 5 years at 105.
Road- Operates 9 7 miles of track between Kittanning and Ford
Standard gauge, 70-lb.

rails.

burg is proposed
Officers —Prest. and Mgr.,
MoCullough Jr.

trolley

Ry. had acquired control. V. 81, p 1492.
Orqaniza ion.— Franchise is for fifty years from June

Title Building, Phila.— V. 76, p. 1300.

KEY WEST,

City.

kenoshaTwis.

W. C Clark, Land

road.
KEY WEST ELECTRIC CO—A and does entire
—Incorporated N.J. 1898

,

fiet
Fixed
Op. ex.
Surplus.
<&tar.. income, charges.
Qro/m.
Earnings.
$2,554
$23,204 $14 400 $8,804 $6,2f0
December, 1905
808
5,833 def.5,025
17.927
17,164
December, 1904
22,547
7 mos to Dec. 31, 1905. 168,527 103,619 64,908 42,361
7 m >s. to Deo. 31, 1904. 141.936 105,634 3«.302 40,833 def 4.S31
Road-- Owns and operates 8933 miles of road, or which about 14
miles are witnin the oity of Leavenwoith and 25 miles between that
city and Kansas City, Kan. Enters Kansas City, Mo over tracks of
the Metropolitan Street Ry. Ui»on eompletion of viaduct connecting
Kansas City, Kan., with Kansas Oity. Mo now under construction by
Kansas City Viaduct & Terminal Railway Co., will have second en
Iran e to Missouri over that structure.
impr ve «*( N S— Since new management has assumed control
important improvements to the road and equipment have been undertaken and are now being activelv prosecuted.
Officers.—C. P. H lines, President; C. v. Hutohings. Vlee-Prest.
and Geaeral Attorney; S O. Hutching-*, Secretary and Treasurer; J.
W. Richardson, General Superintendent; E. D Mack, Auditor. Gen

51

An extension of

F. A. Moes'a; Sec.

16 miles to Leech-

and

Treas., Jas.

KNOXVILLE, TENN.
KNOXVILLE RAILWAY & LIGHT CO Orqanization— Incorporated in Tennessee in Sept., 1905, as a con
solidation of tlie Knoxville Traction Co. and t'ie Knoxville Electrio
Light <fe Power Co Also controls the Knoxville Park Association, owning two amusement parks. Franchise is perpetual.
Date.
Interest. Outstand'g.
Maturity.
Bonds—
Stock
Common, $1,500,000. *100..
$1,491,900

&

500,000
Pref ,6% cum., $500,000, $100
Consol. morr., $3,000,000. < 1905 5 g.
900,000 Sep. 1, 1945
S
c* I Standard Trust Co., New Yoru, Trus ee
gold ($1,000)
KTr'nlstM.of '98. $850,000) 1898 5g.A&0
850.000 Apr. 1,'38
Int. at Bait. Tr. & Gu. Co., Bait,, Trus.
gold, tax tree ($1,000)
I
Bonds— Of the $3,000,000 consols. $850,000 are reserved to retire
prior liens. They are redeemable on or after Sept. 1, 1910, at 107*2
and int. The Knoxville Tract. Co. 1st mtg. will have sinking fund of
$10,000 yearly after stock pays 5 per cent dividend, but will not be
subject to call.
EARNINGS— For calendar year 1905, gross, $393,943.
ROAD— Owns about 30 miles of trolley road.
OFFICERS— Pres., C. H Harvey.; Vice Pres., W. S. 8hields; Sec. Leon
Fender; Treas. and Auditor, H. T. Bunn; Supt., P. E. Mitchel —V. 81,
p. 1044, 1665; V. 82, p. 4 9.

M

KOKOMO,

KOKOMO MARION
TION CO.—A
trolley road.

&

IND.

WESTERN TRAC.

ORGANIZATION— Incorporated

in Indiana as successor to the Kokomo
Converse & Marion Traction Co. In April, 1903, acquired bypurchase
stooir of the Kokomo Ry.
the entire oapital
Light Co.. which was
merged in Jan., 1906. Owns lighting plant in Kokomo; also private
right of way. Franchises run 50 j ears
The stock was all held in trust by the Security Trust Co. of Indianapolis until entire riad should have been in operation for four months,
but this was dissolved Jan. 22, 1906.
Da'e. Interest. Outstanding.
Stock
Bonds—
Maturity.
Stock, $1,000,000
$1,000,000
1st mortge., $1,000,000, ) 1903 5 g. J.-J.
750,000 July 1, 1933
gold ($500 & $1,' 00 o&r Int at Security Trust Co , Ind., Trustee.
Kokomo Ry. & L't 1st M., ) 1903 5 g. J.-J.
250,000 Jan. 1, 1933
$350.000,g. ($1.000). o&r S Int at Security Trust Co.. Ind., Trustee.
Bonds.— $250,000 are reserved to retire a like amount of bonds of
the Kokomo Railway
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. & Light bonds can be
oalled In 1908 at 105 and are guaranteed, p. and i.,by Kokomo Marion

&

&

<,

&

&

west.

Earnings— For calendar year 1905 Total gross (including both Ry.
and Lighting), $122,859; net, $56,84S.
:

Road— Operates 40 miles of traok in Kokomo and from Kokomo to
Marion. Is connecting link between the Northern Traction Co. and the
Union Traction Co. of Indiana. Standard gauge. 70 lb T rail.
OFFICERS— Pres., Geo. J. Marott; Vice-Pres.. L. J. Klrkpatrielr; Seo
Treas. and Gen'l Mgr.,T.C.MoReynolds.— V. 77, p. 451; V. 81, p. 155. '

:

STREET RAILWAYS.

52

LACONIA, N. H.
LACONIA STREET RAILWAYORQAnization— Formerly the Laoonia'A Lakeport
changed to above
Stock, Etc.—

&

St.

Ry.,[but

name

in 1894.

Dale.

Common, $100,000

Interest

Outstand'g.

(par $50)

Last Div.
4%, '94-95

$100,000
40,000
Pref. 6° com., $40,000
1899
90,000 May 1, 1919
\
1st mortgage, $91,000.
( Int. at Am. Loan <fe Tr. Co., Boston.
1904
5
2nd mtge., $40,000....
40,000 May 1. 1919
Dividends— In 1893-94 paid 5. o.; in 1894-95 paid 4 p. o.; none since.
ROAD— Owns 9 miles of tract, having in 1899 been extended to
Weirs, 4 miles, and the entire system equipped with eleotricity. In
1903 road was changed to standard gauge.
Earnings— For years ending June 30

5M-N

1905.

1904.

1905.
1904.
$2G,663
Gross
$25,867 Interest
$6,091
$8,352
4,075
6,221 Bal. for year...def.2,016 def.2,131
Net
OFFICERS— Pres., H. L. Pierce, Leominster, Mass.; Treas , Edmund
Little; Seo'y, Geo. P. Munsey; Auditor, J. P. Atkinson.

LA CROSSE, WIS.
LACROSSE CITY RAILWAYOrqanization— Chartered Nov.
Date.
Stock & Bonds—
8t

,

$242,000 f. p. £ *£ 905
j;
6g. J - J
136,000
Jan. 1, 1918
Subject to call Jan. 1,1903

'

Trustee.
Divide?ids—FoT 1892, 7 p. c; 1893, none; 1894, 7 p. c; 1898, 7 p. c1899, 7 p. c; 1900, 5 p. c; 1901, 6 p. c, 1902, 7 p. c; 1903,7 p. a;
1904, 7 p. a; 1905, 8 p. o.
ROAD— Owns 12-19 miles in city of Lacrosse.
Officers— President, B. E. Edwards; Vice-President, W. W. Cargill
Secretary, H. E. West Treasurer. R. C. Wkelpley.

LANCASTER, PA.

LANCASTER COUNTY RY, & LIGHT-

ORQANIZATION—Incorporated in 1901 in New Jersey. Has purchased the stocks of the Conestoga Traction (com. and pref.,) the Lancaster Gas Light & Fuel Co., the Edison Electric Ilium. Co., and the
Columbia Electric Light & Power Co. of Columbia, Pa., (the latter has
no bonds) and these stocks ue placed under the new mortgage of 1901.

STOCK

&

BONDS—

Date. Interest.

Stock, com. ($50), $1,000,000
do pf.($50)5%'cu. 1,000,000

Mort, $1,000,000

g.,

$1,000

$500,

)

Outstand'g.

Maturity.

$1,000,000

J-J
1,000,000 Dec'05, 4»s
1901 5 g. J-J 1,000,000 July 1,1951
Interest at Lanoaster Tr. Co., trustee.

c* s
Securities of lines controlled.
Conestoga Tract, 1st mort

1900 4
J-J 1,277,500 Jan.1,1950
LancasterCityRR.,l6t M.g.c* 5 1890 5g. A-O
160,000 Apr. 1,1920
($100 and $500)
\ Metropolitan Trust Co. N. Y. Trustee.
W. E. St. Ry. 1st M., $225,000 J 1891 5 M-N
225,000 Mayl,1921
$100, $500 and $1,000 ..c*\ Metropolitan Trust Co., N. Y., Trustee.
Lancaster & Columbia stock
37,500 20% annually
lstmortgage
1893 5 A-O
225,000 Apr. 1, 1923
Col. El. L't H. & P.
1905 5
125,000 May 1. 1935
Edison Elect. Ilium. Co. mort
5
49,700 July 1, 1922
Do
do
mort
5
250,300 Jan. 1, 1925
Lan. Gas Light & Fuel, mort
6
70,500 Dec. 1, 1911
Do
do
mort
5
229,500 Jan. 1, 1925
do
mort. 1906 5
Do
100,000 Jan. 1, 1936
ROAD— In February, 1906, the Conestoga Traction Co. owned and
operated 3648 miles of road; leased 106 miles, a total of 142 miles,
including the Lancaster City Street Ry., 13-55 miles; Lancaster* Columbia, 9 16 miles; Lancaster & Lltitz, 10 10 miles; Columbia & Ironville, 3-59 miles; Columbia & Donegal, 5-67 miles; Lancaster Mechanicsburg & New Holland, 20*62 miles; the New Holland Blue Ball and
Terre Hill St. Ry., 5 miles; the Rohrerstown Landisville & Mt. Jay
Ry., 10 miles; the Lancaster & Eastern Ry., 17 miles; the Lancaster
& Quarryville St. Ry.; Lancaster & Millersville Ry.,3 57 miles; Lancaster Willow Street Lampeter & Strasburg Ry.. 1 Us miles; the Lancaster <fe Manheim Ry., 8 miles; the Ephrata & Adamstown, 8 miles,
and the Lancaster & Rocky Springs, 412 miles. The latter four completed and leased for 999 years at a rental of 6 percent on stock.
Dividends— The first dividend on the preferred stock (3 p c.) was
paid on July 1, 1904, and 3 p. c. was again paid on (>ct. 1, 1904. In
1905, Jan., 3 p. 0. (See V. 79, p. 2796); July 3 p. c; Dec. 4*2 p. c
Report— Receipts for fiscal year ending June 30, 1905, were: Gross
income, $168,355; net after general expenses, $157,421; interest and
taxes, $57,109; surplus, $100,312.
,

,

M

-

-

OFFICERS— President, W. W.
8ec.

ana Treas.,

INDEX— V.
(1)

Griest; Vice-President, Chas. B. Keller;
Gen. Supt., C. Edgar Titzel.

J. S. Graybill Jr.;

73, p. 236; V. 77, p. 196, 951; V. 79, p. 501, 1330, 2796.

LANCASTER MECHANICSBURG & NEW HOLLAND RY.—

A trolley road.

Organization—Incorporated May

16, 1899. Runs from Lancaster
to New Holland, with an extension to Ephrata, 20 62 miles. Is leased
to Conestoga Traction Co. for a rental of 8 per cent on stock. Capital
stock, $300,000. Stock is not owned by lessee. No bonds.
-

(2)

ROHRERSTOWN LANDISVILLE &

MT. JOY RY.—Trolley.

Organization.— Is a consolidation of the old Lancaster & Mt. Joy
Elec. Ry. and the Lancaster & Rohrerstown Ry. Co. Owns an electric
road of 10 mi'.es from Lancaster through Landisville, Salunga, Mt. Joy
and Florin. Is leased for 999 yeafs to the Conestoga Traction at rental
of 6 p. c. on its $400,000 stock. No funded debt. V. 73, p.236.
(3)

EPHRATA & ADAMSTOWN RY.— A

>?S

Maturity.
.

July 15. '3^

250.000

5g. J-J

Bonds are subject

ROAD— Operates
gauge, 5

to call before 1908 at 102 1*; thereafter at 105.
13 miles of track from Lansdale to Norristown;

2*2 in.

ft.

70 and 80-lb. T rail.
O. Hay; Seo'y, G. A. Reed.— V. 81,

OFFICERS— t res., W.

p. 508.

LANSING, MICH.
LANSING & SUBURBAN TRACTION
trolley road.
St.

Johns

STOCK

& St.

&

CO--A

Marcb, 1904, of the Lansing
Louis Ry. and the Lansing City Electric Ry.

Organization— Is a consolidation

BONDS—

Date.

Stook, $1,000,000, $100
1st ton. M., $750,000, )

in

Outstanding.

Interest.

1904 5

g.

Matuiit'j

$1,000,000
750,000

AO

Apr.1,1934

$1.000> o* 5 Int at Detroit Trust Co., Detroit, Trustee.
New M., $1,000,000,) 1905 5 g. J-J
250,000 Jan. 1. 1935
gold ($1,000)
Int. at Trust Co. of America, N. Y., Trustee.
c* S
Bonds— Of the $1,000,000 new bonds, $750,000 are reserved to retire the prior lien. New bonds are subject to call on any interest date
g.,($500«fe

and

interest.

miles of track in Lansing and vicinity and to
Johns, Mich., Haslett Park and Waverly Park. Standard-gauge.
60, 70 and 72-lb girder and T rail. An extension of 35 miles to Alma
St.

and Owosso

trolley road.

proposed.
Mills; Vice-Pres., George G. Moore;
W. Mills; Supt., J.W. Keeley.

Sec.

& Mgr., Jas. R. Elliott; Treas., Myron

-V.

81, p. 1665.

LANSING & JACKSON RY'

Organization.—Incorporated

STOCK & BONDS—
Common, $1,250,000

Michigan on

May

1,

1905.
Maturity.

Interest. Outstanding.

$1,000,000

5%

n.c
mtge. $1,000,000 gold

Pref., $200,000,

in

Date.
....

(?)

.

300,000
May 1, 1930
($1,000). ...
c* S Int. at Knickerbocker Tr Co., N. Y.,Tr.
Bonds.— A sinking fund begins Jan 1, 1910, to which 1 p. c. of bonds
authorized is payable annually the first five years, 2 p. o. per annum
the next 5 years and 2*2 p. c. annually thereafter. Bonds are not
18'

subject to

Road

1

1905

5

g.

M-N

call.

— Has under

Jackson, which
Standard gauge.

OFFICERS

is

construction a line of 40 n iles from Lansing to
expected to be completed about end of 1906.

70-lb.

— Fres.,

T

rail.

Myron W.

Moore; Sec, and Mgr., Jas. R.

Mills;

Vice-Pres.,

&

Treas., Geo. G.

Elliott.

LEWISTON, ME.
LEWISTON BRUNSWICK & BATH
- A trolley road.

(3) LANCASTER & ROCKY SPRINGS RY.—
Organization. -Operates 4"* miles of track. Stock, $200,000. No
bonds. Leased to Conestoga Trac. Co. for 999 years at 6 p. c. on stock.
(4) NEW HOLLAND BLUE BALL & TERRE HILL ST. RY.—
Organization— Operates a line from Blue Ball to Terre Hill. Is
leased to the Conestoga Traotion Co. for 999 years at 5 p. c. on its
$96,000 capital stock.
(6) LANCASTER & EASTERN RY.—
Organization —Will operate 17 miles of track from Lancaster to
Christiana; expected to be completed in summer of 1906. Capital,
$400,000. Will be leased, when completed, to Conestoga Traction Co.
at G p. c. on stock.

trolley road.

ORQANIZATION-Incorporated in Pennsylvania on July 6. 1905, as
successor under foreclosure of the Lansdale & Norristown Electric Ry.

ST.

RY.

Organization— Organized in 1897 and purchased the Brunswick &
Topsham Ry., 3*9 miles; also in August, 1898, the Lewiston & Auburn
RR. Owns all the stock ($100,000) of the Bath Street Ry., 4^ miles.
Date. Interest. Outstand'g. Maturity.
STOCK & Bonds—
Stock, $638,300; par, $100
1st mort., $1,000,000, gold....

1898

Underlying securities—
Bath Street Ry—

5g.M-S

$633,300
845,000 Mar.1,1918

70,000 July 1, 1913
$ 1893 5g. J-J
c* Subject to call after July 1,1898.
$1,000
1891 5 J-D
85,000 June 1, 1911
ewiston &, Auburn RR. 1st M.
Of the $1,000,000 new 5 per cent bonds of 1898 $155,000 are held
bonds.
in trust to retire the underlying
Road—Comprises 62-20 miles, connecting Bath with Brunswick,
Lewiston, Auburn, Sabattus, <feo.
Earnings— Year ending June 30, 1905: Gross, $222,814; net
1st mort., $300,000, gold...

1

$77,737; fixed charges, $74,137; surplus, $3,600.
Officers— President, E. J. Lawrence, Fairfield; Vice-Pres., T. L.
Peters, New York City; Treas., M. H. Blackwell, Brunswick, Me.;
Gen. Mgr., F. C. Farr, Brunswlok. General Office, Brunswick, Me.—
V. 66, p. 1001 V. 67, p. 481, 634.
;

LEWISTOWN,

PA.

RYLEWISTOWN & REEDSVILLE ELEO 1892.
in Pennsylvania on March

ORQANIZATION-Incorporated

STOCK

&

Bonds

Date.

Interest.

24,
Maturity.

Outstanding.

$150,000
1905,5%
Stock, $150,000, $50
5 g. J-J
150,000 Junel,1919
1st M., gold ($500 and) 1899
Int. at Union Trust Co., Phila., Trustee.
$1, 000) $1 50,000. c<fer s
125,000
May 1, 1917
5 g. M-N
2d M., gold ($500 and \ 1902
$l,000)$125,000.c<fcr s Int. at Commonw'lth Tr. Co., Harrisburg, Trus.
Bonds—The firsts are not subject to call, but the seconds,caii be
called at par after 3 years.
Dividends-ln 1902, 5 p. c; 1903, 5 p. c; 1904, 5 p. c; 1905, 5 p. 0.
years ending June 30:
Net
Fixed charges. Dividends. Surplus.
$18,403
$41,157
$15,254
$7,500
$78,193
1905
10,326
29,424
11,598
7,500
72,860
1904
ROAD— Operates 9*fl miles of track from Lewistown to Reedsville and
Lewlstown Junction, with a branch to Burnham. 60 and 70 lb. T and

EARNINGS— For

fiscal

Gross.

Year.

70-lb. girder rail.

OFFICERS— Pres. and Man.,
Sec, E. R. Sponslor;

T, I. Quigley; Vice-Pres., A. B. Spanogle;
Treas., William Irvln; Sup't, C. E. Gossard.

LEXINGTON, KY.
LEXINGTON & INTERURBAN RAILWAYS
CO
in New Jersey on Deo.
1905, and
ORQANIZATION-Incorporated

Organization— This company was incorporated with $225,000
capital stock on Sept. 17, 1901. Owns road from Ephrata to Adamstown, 8 miles, which was leased in 1903 to the Conestoga Traction Co.
for a rental of 6 per cent on the stock. No funded debt.

LANSDALE, PA.
MONTGOMERY TRACTION CO -A

is

OFFICERS— President, Barney

111.,

;

.

Outstanding.
$250,0'

Interest.

Road— Operates 45

17, 1885. Franchise runs till 1938.
Rale.
Outstand'g.
Last div.,elc.

1893
let mort.","$175,bo6, >
gold, $1,000
\
Interest at Northern Trust C,o., Chicago,

Date.
STOCK
BONDS—
Stook, $250,000 ($50)
lstmorte'e 45250 OOO ( ]905
g
<$?,ooo

at 105

See below.

)

|l00^. .°??. :?"}

Vol. lxxxii.

|

6,

acquired $795,975 of the $800,000 stook of the Lexington Ry. Co.,
the entire stock and bonds of the Frankfort & Versailles Traotion
Co., the entire stook of the Blue Grass Traction Co. and the entire
common stock of the Central Kentucky Traction Co., and has an option on the preferred stook and bonds of the latter company. Does
the entire electric light, gas, street railway and ioe business of
Lexington.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
$2,000,000
Stoou, $2,000,000 ($50)
1,226,000 Feb. 1, 1956
5g. F-A
Coll. Tr. Mtge., $6,000,000 > 1906
o 5 Int. at Guar. Tr. & S. D. Co Phila., Trus.
gold ($1,000)
138,000 Apr. 1, 1916
Passenger & Belt, IstM., > 1891 6g. A-O
5 Int. at Amer.Tr. & Sav.Bk., Chicago, trus.
$200,000, ($1,000)
1,087,000 June 1, 1949
Lex.Ry.NewM.,$l,500,000> 1899 5e. J-D
0* ) Continental Trust Co., Baltimore, trustee.
g ($1000)
1934
700,000
BLGrass IstM., $700,000, ) U904 Sg.M.-S
g ($500 and $1,000). .c&r > Int. at Cleveland Trust Co., Cleve., trustee.
Nov.15,1921
Geo. & Lex. 1st mtge.,) 1901 5g.M.&N.15 200,000
$250,000, gold ($100, > Int. at Cincin. Tr. Co., Trus., and at Stand$500 and $1,000)... c&r) ard Trust Co., N. Y.
5g.J-D
100,000 Deo. 1, 1925
Cent. Ken. 1st M, $100,- ) 1905
5 Int. at Sec. Tr.&S.V. Co., Lexington.Trus.
000. gold ($1,000)
Bonds. Of the new $6,000,000 bonds, sufficient are reserved to
retire prior liens and to acquire the pref. stock of the Cent. Ken. Trac.

&

,

—

—

'
;

'

:

STREET RAILWAYS.

Feb., L906.]

Co. and remainder are reserved for betterments and acquisitions. A
sinking fund of l p. «• of bonds out is operative from 1916 to 1926;
thereafter 1 p. e.; said fund to be invested in the bonds at not higher
than 110 at d int. A sinking fund on the Lexington Ry. bonds is sufficient to retire entire issue at maturity.
Earnings.— For year ending Oct. 31, 1905, of Lexington Ry. and
Blue Grass Traotion Co. combined: grops, 9471,324; net, $191,003;
ii\ed eharces, $106,087; surplus, $84,916.
-2

ROAD.— Operates Lexington city lints, 16 miles; Frankfort city lines,
8 miles; line from Lexington to Georgetown, 12 miles; line from Lexington to Paris, 18 miles; and a line from Lexington to Versailles, 13
miles. Total tra<-k operated, 67 miles. Owns 25 closed and 33 open
oars 9 interurbau passenger and 2 express care, and has 42 double
motor and 11 quadruple motor equipments.
Officers— Pres., J. Levering Jones, Philadelphia; Vice-Pres.. Jos.
M. Skatn. Lexington; 8eo., Henry Rainey, Phila.; Treas., H. C. Delaney, Philadelphia— V. 81, p. 1723.

LIMA, OHIO.
LIMA ELECTRIC RAILWAY & LIGHT-A
trolley road.

53

STOCK & BONDS—
Common, $1,500,000
Pref.

6%

Date.

cum.. $750,000

1st mortgage, $2,000,000,
gold ($1,000)

Interest.

Outstand'g.
$1,500,000'

Maturity.
...

6 J-J
750,000 Jan.. '06, 3%
1903 5 g. A-O 1,743,000 April 1, 1933
Interest at Com. Trust & Savings Bank,

New

Orleans, La.. Trustee.

Bonds.- $257,000 reserved for future improvements. Are subject
to call after five years at 107J2. All prior liens have been retired.
Diridends— In 1904 on pref., 6 p. c. In 1905, 6 p. c. In 1906, Jan.,
3 p.o.

Road— Operates

23 miles of track.

OFFICERS— Pres.. W. E. Hemingway; Sec. Geo. B. Rose; Treas. and
Gen. Mgr., C. O. Simpson; Aud., W. J. Tharp.—V. 76, p. 593, 810, 864.

LOCKPORT,

N. Y.

INTERNATIONAL TRACTION
ment under Buffalo.

CO.-See

State-

LONDON, CANADA.

LONDON STREET RAILWAY

CO--A

trolley
1905. was leased to the Lima * Toledo Traotion Co., of
Incorporated under the laws of Canada in 1875.
•which W. Kesley Schoepf, representing the Widener-Elkins syndicate, road.
Is President.
V. 81. p. 155. Lessee has a capital of $3,900,000.
Date.
Interest. Outstand'g Maturity
BONDS—
STOCK
Organization— The oompany is a consolidation completed Aug. 1, 8tock, $750,000 ($40)
J-J
$470,000 Jan., '06,3%
1900, of the Lima Ry. (incorporated Nov 5, 1896.) and the Lima
1st Mtge., $750,000 gold ($1,- \ 1896 5 g. M-8
500,000.Mch.8, 1925
Electric Light & Power Co., the only companies engaged in these lines
.. c*c Toronto General Trusts Co., Trustee.
000)
in Lima. Of the stooft. $350,000 is in the company's treasury. Capital
Bonds— The remaining $250,000 can only be issued for 6623 per cent
stock was increased in Sept., 1905, from $850,000 to $1,250,000. V. of actual cost of additions and extensions, when net earnings are
81, p. 1100.
equal to 10 per cent of all bonds out, including those to be issued, but
Date. Interest. Ontstand'g.
Maturity. total debt must not exceed $20,000 per mile of single track. V. 78, p.
STOCK
BONDS—
$500,000
8tock, $1,250,000 (par $100)
2384. Interest Is payable at the Bank of Commerce, Toronto. In
180,000 Dec. 1, 1916
1896 5 g. J-D
Lima Ry. 1st mort. $200 Int. at Dime 8av. & Bkg. Co., Cleveland, each of the 1 years preceding maturity, 5% of bonds shall be drawn
by lot and redeemed at par upon 40 days' notice.
000, gold, ($500)..
trustee; also at Fourth Nat. Bk., N. Y.
Divide7idt—6 per oent per annum is paid.
tO.OOO June 1,1917
Lima Elect. Lt. & Pow. g 1900 5 g. J-D
1st M. $85,000 ($1 ,000) o- Int. at Cleve. Trust Co., Cleve., Trustee.
Re portGrots.
1900 5 g. J-J
Charges.
Surptus.
260,000 July 1, 1916 Tears end. Dec. 31.
L. Elect. Ry. & Lt. gold..o* Int. at Cleve. Tr. Co., Cleve., Trustee,
1905
$194,026
$52,458
or
$25,045
$27,413
1st con. M. $500,000($500)
Standard Trust Co. New York.
1904
180,018
57,344
29,156
28,188
2nd Consol. Mtge., $$850,-; 1902 5 g. A-O 350,000 April 1, 1925
Road— Operates 30 miles of track. Standard gauge. 56, 73 and
000 g. ($1,000)0*
1 Int. at Fidelity Trust Co.. Buffalo. Trus.
75 lb. T and girder rail.
Bonds— Of the first con. mortgage gold 5s $240,000 are reserved to
OFFICERS— Pres., H. A. Everett, Cleveland, Ohio; Vice-Pres., T. H.
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. & Power bonds Smallman; Sec. <te Treas., C. B. King; Supt., Jno. Break.— V. 78, p.
may be called on any interest day on 30 days notice. Of the $850,000 2334, 2384.
2d oonsols, $500,000 are reserved to retire a like amount of first consols.
These bonds are a lien on the electrio light and heating plant, as well
J.
as on the railway. Cannot be called before maturity. See V. 75, p. 79.
RY.-Trolley.
Road— Owns 12 miles of track, also a steam-heating plant (franohise
Organization— Incorporated in New Jersey on Dec. 8, 1905, as
perpetual), operated In connection with the electrio-lighting plant.
OFFICERS— President and General Manager, Jos. B. Mayer; Vice- successor to the Atlantic Coast Electric Railroad Co. under forePresident, H. H. Littell; Secretary and Treasurer, H. St. C. Denny, all closure of the general mortgage of the latter. Leases the Seashore
of Buffalo, N. Y.— V. 71, p. 29, 342; V. 74, p. 829, 1089; V. 81, p. 155, Electric Ry. of Asbury Park until June 6, 1937, at $10,000 per year and
owns $150,000 of the $200,000 total capital stock of latter company
1100.
(making net rental $2,500) and owns all of the stock of the West End
& Long Branch Ry. and of the Asbury Park & Sea Girt RR.; the former
trolley system of standard is leased from Aug.
A
3, 1896, until July 17, 1945, at a nominal rental,
gauge entirely on private right of way.
and the latter for 99 years at 6 per cent on stook from Aug. 27, 1898.
Organization— Incorporated in Ohio on Oct. 11, 1900. This is one Also owns entire stock ($100,000) of the Atlantic Coast Electric Light
of the Pomeroy-Mandelbaum roads and is to form a link in the through
which supplies the electrio lights of Asbury Park, Allenhurst,
oar service from Toledo to Cincinnati. Owns entire common stock of Co.,
Belmar, Ocean Beach, Como and Spring Lake. The Seacoast Traction
the Lima Findlay A Toledo Ry.
Co., running from Belmar to Spring Lake, 2 miles, has been leased
Date.
Interest. Outstanding.
Maturity.
STOCK
Bonds
to the Atlantic Coast Electric Ry. for 99 years.
Stock, $3. 000,000 ($100)
$3,000,000
Date.
Interest. Outstand'g.
Maturity.
Stock & BONDS
1st M. *3,000.000 gold C 1901
5 g. M-N
2,443,000
Nov. 1, 1921
$1,000,000
($1,000) $26,500 per ] Int. at Cit. Savings & Trust Co., Cleveland, Stock, $1,000,000 ($100)
5g.M-N
mort., gold, $1,000,-? 1895
800,000
1st
May 1, 1945
*c ( Trustee, or First National Bank, New York.
000
5 Int. at Knickerbocker Tr. Co., N. Y., trustee
Bonds— No sinking fund and bonds are not subjeot to call. See V.
Gen. mort., $1,000,000, > 1906
5 g J-J
870,000
July 1, 1945
76, p. 160 for agreement among bondholders.
gold ($1,(00)
c 5 Interest at Central Trust Co., N. Y., Trustee.
Road— Lima via Wapakoneta to Piqua; Wapakoneta via St. Mary's to
200,000
Celina; St. Mary's to Minster; making altogether 78 1* miles of main Seashore El. Ry. stock
1892
1917
200,000
line; also, sidings, 10 miles. Last section completed Deo. 1,1903.
Seashore Flecrrln Rv 1 Interest 6 g. J-J
y (
at Federal Trust Co., Newark, N. J.
Standard gauge. Operates 19 passenger and 6 other cars.
1st M„ $200,000.
Subject to call at 105 in 1897.
C
Officers— President, A. E. Akins; let Vice-Pres., L. J. Wolf; 2d
Vlce-Pres. and Gen'l Wgr., F. D. Carpenter; Secy, and Asst. Treas.. H. Asbury Pk. & 8. G. stock— All owned by Atlantic Coast Electric Ry.
As. P. & 8. G. 1st mort. ) 1898
5 g. M-S
50,000
1918
O. Lang; Treas., M. J. Mandelbaum.— V. 80, p. 2346. V. 81, p. 1552;
$50,000, gold, oan be > Interest at Monmouth Trust & Safe Deposit
V. 82, p. 162.
canceled at 105
c J
Co., Asbury Park, Trustee.
(!) LIMA FINDLAY & TOLEDO RY.— A trolley road.
Atl. Coast Elec. Light 1st M.,)
= T r,
,„„„. , nAa
0/4 , nnrt
6
Incorporated in Ohio. Is controlled by the Western
Organizationt0 ° alf
atFederaf^Tco.irarkTj
Ohio By. through ownership of entire common stock. V. 80, p. 2344
Date. Interest. Outstanding.
Maturity.
STOCK
BONDS
305,000
" Other debti" (Deo. 31,1904)
Common, $500,000, $100
$500,000
Bonds— Of the $1,000,000 firsts $200,000 are reserved to retire a
Pref., $400,000, 6%, enm
400,000
1905 5 «- J_J
July 1. 1925 like amount of Seashore Ry. 6s, subject to call at 105 In in 1897. Enttre
400,000
let mtge <R600 000 g
i?n1d (
bonds and stock of the Asbury Park & Sea Girt and the Seaooast Trac1 1nterest at Citizens' Savings & Trust Co.,
rtfoon n?
I?,WW01
tion Co. are deposited under the new gtneral mortgage.
Cleveland, Trustee, or inNew York.
C
Bonds— The $400,000 out have been taken by Denison, Prior & Co.
ROAD— Belt Line in Asbury Park and extends from Asbury Park
A kinking fund of $10,000 per annum begins in 1911. Are subject to through Long Branch to Pleasure Bay, about 24 miles, of which 10-12
call at 105. V. 80. p. 2344.
miles Is over private right of way. V. 66, p. 616. Connects at Long
Road— Is operating 31-9 miles of track between Lima and Findlav, Branch with Iron Steamboat Co. for New York, and at Pleasure Bay
thus completing a through line to Toledo. Standard gauge, 70 lb. T with the New York & Long Branch Steamboat Co.
rail.
Report— Year ending Dec. 31
Officers— President, Frank Butler; Secretary and Treasurer, A. J.
1905.
1904.
1903.
1902.
Halle.— V. 80, p. 1424, 2344; V. 81, p. 211.
Gross earnings
$267,395
$231,142
$221,020
$208,895
Operating expenses.... 121,808
118,387
112,492
93,743

On

July

1,

&

&

H

•

,

]

I

!

[

]

I

LONG BRANCH,

N.

ATLANTIC COAST ELECTRIC

WESTERN OHIO

RY.—

—

&

M

-

SMfeof??.^

&

'

P-

'

LINCOLN, NEB.
LINCOLN Successor in January, 1898, toroad.
TR ACTION-A trolley Linooln
Organization—

Street Ry.;
foreclosed Deo. 17, 1897, and reorganized per plan in V. 65, p. 277.
Date.
STOCK
Interest.
BONDS—
Outstand'g.
Maturity.
Com. stock, par $100
5 A-O
$330,000 Oct. 16, '05, 2^
Preferred cumulative
5
J-J
700,000 Jan. tj '06, 2 1*
lstmort.gold,$l,000;) 1899
5g. J-J
125,000 Jan. 1, 1920
$250,000 auth....o* $
Interest at N. Y. Trust Co., Trustee.
Dividends— On pref. commenced July 15, 1901, 2*2 p. o. In 1902 5
o. and 5 p. o. In stock.
In 1903 5 p. o. and 10 p. c. accumulated diviends. In 1904, 5 p. o. In 1905, 5 p. c. In 1906, Jan., 2^ p. c;
S.
On com. stock, in 1903, 5 p. o. In 1904, 5 p. o. In 1905, 5 p o.
Earnings—Calendar year:
1905.
1904.
1903.

&

Gross earnings
$316,922
operating exp. and reconstruo. 238,000

Int.,

Surplus

$78,922

$272,314
197,024

$251,810
185,664

$75,290

$66,146

Road— Owns about 42 miles of track.
Officers—Pres., M. L. Scudder, New York; Vice-Pres., Wm. Belcher;
Sec'y and Treas., F. H. Carter, 52 Wall St., N. Y.— V. 77, p. 2280.

Net
$145,587
$112,755
$108,528
$115,152
OFFICERS- Pres., William E. Benjamin, N. Y.: Supt.. 8. F. Hazelrigg.

-V.

79, p. 785, 1265; V. 80, p. 2456, 2619; V. 81, p. 974, 1435, 1722.

MONMOUTH COUNTY ELECTRIC COOrganization.— Incorporated April, 1, 1901, as a reorganization of
the Atlantic Highlands Red Bank & Long Branch Electric Ry. In April,
1903, was granted a 45-year franohise to operate In Long Branch, In
consideration of whioh the town is to receive ^a of 1% of gross receipts.

&

Date. Interest. Outstand'g. Maturity.
STOCK
BONDS—
Stock, $500,000 ($50)
$325,000
1st mort.. $500,000 ($100)1901
4 g. J-J
325,000 Apr. 1, 1951
and $1,000) gold
o* S Int. at Hamilton Tr. Co., B'klyn, trustee.
ROAD—Red Bank to Long Branch, 6^ miles, and 2d track, 2ia miles,
In Long Branch, 3 miles; in Red Bank, 1*q miles; total, 13 1* miles.
Earnings— For oalendar year 1904, gross, $46,922; net, $10,774; interest and taxes, $16,029; deficit, $5,255
Officers— Pres. Gen. Man., William F. Hogan, Brooklyn; Sec and
Treas., John M. Enright, Jersey City— V. 72, p. 86, 391.

&

LONG ISLAND

CITY, N. Y.

LONG ISLAND CONSOLIDATED ELECLITTLE ROCK, ARK.
LITTLE ROCK RAILWAY & ELECTRIO- TRICAL COMPANIES.- by the Long Island RR. In
Orqanization.—Entire stock owned
Incorporated
is

Organization—

in

Arkansas in March, 1903, and

&

is

a

consolidation of the Little Rook Traotion
Electrio Co. (granted a new
franchise on Sept. 28, 1901, for 50 years, V. 73, p. 784) and the Little
Rock Edison Electric Light & Power Co. Controls all street railways
in city.
Controlled by Isidore Newman & Son of New Orleans and
New York. V. 76, p. 593.

corporated in New York and holds the entire stock of the Huntings >u
RR., the Ocean Electrio Ry., the Northport Traction Co the Nassau
County Ry., the Glen Cove RR. and the Jamaica* South Shore KR
Also owns one-half the stock (the InterboTongh Rapid Transit 'o.
owning the other half) and bonds of the N. Y. & Long Island Traotion
and the Long Island Electric Ry.
,

<

STREET RAILWAYS.

54
&

Stock
Bonds
Coll. tr.

Ouist'rnd'g.
Maturity.
Date. Interest.
All owned by Long Island RR.

Bonds—

bonds, $10,000,000

Bonds.— Are guar.,

prln.

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.

1946

Date. Interest. Outstand'g Maturity.
STOCK db BONDS—
Stook, $20,000,000 ($100)
$20,000,000
Consol. mortgage, $10,000,000, < 1902 5g. J. J.
8,494,000 Jan.1'42
gold, ($1,000)
o. Unt. atUnionTr. Co.,8anFran., Trus.
L
ng
a
1,000
1898 5 J -J
1.000,000 Jan. 1,-28
goW
($l Oo!)
'°o*^
-fSav.Bk..Chic,Trustee,
Can Scaled after Tan l f Int at lfl Tr
or at Cha8e Natl Bank * New York
1908 at 105
J

>

1906
(1)
41fl g
by Long Island RR.

& int.,

(1) LONG ISLAND ELECTRIC RY.— A trolley road.
In Jan., 1906, control passed to the Interborough Rapid Transit Co.
and the Long Island Consolidated Electrical Companies, each owning
one hall the stock and bonds.
ORQANIZATION-Chartered March 13, 1897. as New York & North
Shore Ry. On Oct. 11, 1S99, was consolidated with the Jormer Long
Island Electric Rv., new oompanv having $2,100,000 capital stook and
$2,100,000 bonds. On May f, 1902, the lines north of Jamaica were
sold under foreclosure to the Queens Ry. Co., which company was then
merged into the New York & Queens County Ry. By this foreclosure
$1,500,000 each of stook and bonds were canceled, leaving each at
$600,000. On Oct. 1, 1903, old name of "Long Island Eleotrio Ry."
was resumed.
In Ootober, 1899, the Appellate Division of the Supreme Court
upheld the right of the Long Island Eleotrio under the General Railroad law to run cars carrying express matter. V. 69, p. 744. Deoision
was affirmed by Court of Appeals in June, 1900. V. 70, p. 1249.

&

Outstand'g.
Maturity.
Interest.
Date.
BONDS—
STOCK
$600,000
Stook, $600,000 ($100)
600,000 June 1, 1 925
5 g. J-D
L. I. El. 1st M., $600,000 ) 1895
o* > Int. at Hamilton Trust, Brooklyn, Trustee.
($1,000)

1*1,144
Loans June 30, 1905
EARNINGS.— For year ending June 30, 1905, gross, $162,415;

net,

$50,445; charges, $38,746; surplus, $11,699.
Road.— Comprises 26-20 miles of road from Crescent Avenue, Brooklyn (at the tennlnus of the Kings County Elevated), to Jamaioa, Hollis
and Queens, and from Jamaica to Far Rockaway. 47 cars.—V. 77, p.

89,511,512.

NEW YORK & LONG ISLAND TRACTION. -A trolley road.
On June 20,1905, control was purchased jointly by the Interborough
Rapid Transit Co and the Long Island Consol. Elec. Cos. and new of-

(2)

below. V. 80,

ficers elected as

New York

2622.

p.

The Interborough

also controls

Queent County Ry.
ORGANIZATION—This was formerly the Mineola Hempstead & Freeport Traction (incorporated on Feb. 27, 1899), but name changed as
above on July 1, 1902, and stock increased from $125,000 to $1,000,000.
Last Div
Date. Interest. Outstand'g.
STOCK & BONDS—
$750,000
Common, $750,000 ($50)

the

Pref.

<fe

5% cum.,$250,000

(!>i,uuu), „.

[YOL. LXXXII.

250.000

($50)

&r

(land, trustee, or at 1st Nat. Bank, N. Y.
Bo7ids.—AT6 subject to call at 107 at 30 days' notice, but no sink. fund.
Earnings— For year ending June 30, 1905, gross, $104,020; net,
$35,783; fixed charges, $7,163; surplus, $28,620.
Ro * D- Operates an eleotrio 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
Queens County Railway. Also a line 16-42 miles long
from Freeport westerly via Rookville Centre, Lynbrook and Valley
Stream, to a connection with the Kings Co. Elevated Ry. at Brooklyn.
Total, including second track, 34-15 miles. A line will be built later
to Long Beach and also one to Babylon. 19 passenger and 5 other cars.
OFFICERS— President, Arthur Turnbull, 38 Wall St., New York;
Secretary, Frank E. Haff, New York; Treasurer, Jordan J. Rollins;
Vice-Pres. and Mgr., F. L. Fuller.— V. 80, p. 1479, 2345, 2458, 2622.

&

,

'

™

M

-

-

-

-

*

*

P

m0rt •' $500

t

500,000 Junel'30
^old 81 •oo•6)
'T• 190 ° 4 8- J -D
Can bV'ciuied"after'"io'iOatM nterest at Unlon TraBt Co -. San
Francisco, Trustee.
104 and interfs"
j
Bonds— A sufficient amount of the $10,000,000 consols is reserved to
retire prior issues. Sinking Fund is $5,000 per annum, commencing
Jan. 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,
1927; $25,000 per annum to Jan. 1, 1932; $30,000 per annum to Jan.
1, 1937, and $35,000 annually thereafter, said sinking fund to be used
In the purchase of the oonds, but fund may be invested in other securities if bonds oannot be obtained at par. The bonds of the Los Angeles & Pasadena bear the guaranty of the Los Angeles Ry. by endorsement. A sinking fund of $10,500 per year on those bonds begins Deo.
1, 1908, and bonds may be called at 105 on any interest date after Jan. 1,
1908. The bonds of the Pasadena & Mt. Lowe are guaranteed, principal and interest, by both the Los Angeles Ry. and the Lob Angeles &
Pasadena Electric Ry. A sinking fund for those 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 annnm 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 Paoific Electric Ry. operates 196-28 miles of track, and
the Los Ang. Inter., 23222 miles; total, 428-50 miles.
OFFICERS— President, H. E. Huntington; Vice-President, W. F. Herrin; Sec, S. C. Baxter; Treas., I.
W. Hellman; Gen. Mgr., A. D.
Sohlndler.— V. 76, p. 1408, 1534; V. 79, p. 628; V. 80, p. 651.
-

(

LOS ANGELES INTERURBAN RY-ORQANIZATION —Incorporated in California on June 8, 1903, and is a
consolidation of the Los Angeles Traction Co.,|the Los Angeles
Glendale Ry. and the California Pao. Ry. The Riverside
Arlington Ry.
and the Santa Ana
Orange Motor Ry. have also been acquired. In
1904 acquired the property of the San Gabriel Rapid Transit Ry. See
V. 79, p. 2588. The Los Angeles lnterurban Ry. is one of the Huntington roads and to Jan. 1, 1906, about $7,000,000 was spent on it.
Outstand'g. Maturity.
Date.
Interest.
STOCK
BONDS—
Stock, $10,000,000, $100
$10,000,000
New M., $10,000,000, g. J 1903 5 g.A-O
4,713,000
1943
c&r ( Int. at Union Trust Co., San Fran. .Trustee.
($1,000). guar
250,000
May, 1915.
Los Ang. Trao. 1st mort., J 1895 6 g. M-N
$250,000, gold ($1,000) ( St. Louis Union Tr. Co., St. Louis.TruBtee.
Los. Ang. Trac.lstcon.M., J 1898 5 g.. J -D
250,000 Deo. 1, 1938
gold, $250,000 ($1,000). ( St. Louis-Union Tr. Co., St. Louls.Trustee.
Interest of both above mortgages at Chase National Bank, N. Y.
480,000 July 1. 1941
Cal. Pao. Ry. 1st M., gold < 1901
5 g. J-J
Trust Co., Los Angeles, Trust,
c ( Title InB.
($1,000), guar
Bonds.— Of the California Pacific Ry. no stated amount authorizedbut Is limited to $20,000 per mile of completed track. No sinking
fund on these bonds, and bonds cannot be called. Interest Is payable
in N. Y. City. These bonds are guaranteed by the Los Angeles Trao.
sinking fund is provided
Co., both principal and int. See V. 75, p 76.
for the new $10,000,000 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
per annum, and thereafter to ma1937, inclusive, §30.000
turity, $35,000 per annum. The bonds are suhjeot to call for the sinking fund at a price to be determined by the directors. These bonds are
guaranteed as to both principal and interest by the Pacific Eleo. Ry.
ROAD— Operates 232-22 miles of track.
OFFICERS— President, H. E. Huntington; Vice President W. F. Her"

&

&

&

&

&

A

:

NEW YORK

& QUEENS COUNTY RY--

Entire capital stock is owned by the Interborough Rapid Transit Co.
Organization— Incorporated June 29, 1896, and reorganized
on June 30, 1899. Purchased the various lines of railroad
in Long Island City known as the Steinway Railway, the Long
Island City & Newtown Ry. and the Flushing &. College Point
Ry. In May, 1902, the Queens Ry. was consolidated with it, and
thereupon increased its stook from $2,500,000 to $5,000,000. The
Queens Ry. succeeded to the property sold at foreclosure of the New
York & North Shore Ry. comprising a 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.

rin;

Sec,

Baxter; Treas.,

S. C.

Sohlndler; Supt.,

S.

B.

I

McLenegan.

W

Hellman; Gen. Mgr..

A.

V. 79, p. 627, 2588; V. 80, p.

D-

651

,

Stock

&

Bonds—

Date.

Chitstand'g.

Interest.

Maturity.

Stock, $5,000,000 ($100)
Flush. & Coll. Pt. 1st M...
Newtown Ry. 1st
Steinway Ry. 1st M.,gold.)
$1,500,000 ($1,000) .o* 5

$3,235,000
1895
50,000
1925
5 J-D
1894
150,000 Dec. 1, 1924
5 J-D
1892
6g. J - J
1,500,000 July 1,1922
Int. at Morion Trust Co., trustee. N. Y. City.
1896
4 «- A ~° 1.300,000 Oct. 1, 1946
N Y & Queens Co IstM > Mercantile Trust Co., New York. Trustee.
£
o-ni',? J?nnn «»',.£
gom, »±,uuu eacn
^ Int at office of comDany) Philadelphia.
Loans payable Oct. 1, 1905, $255,000.
Under the New York <fe Queens County mortgage there were originally $2,500,000 bonds outstanding, but the company having defaulted
In the payment of interest, a reorganization was made, under which the
holders surrendered Si,* 00,000; interest was reduced to 4 per cent,
and the Mercantile Trust Co., New York, 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 oars and 6 freight cars, &c.

M

'

Latest Earnings— For 6 months ending Deo. 31:
Tear—
Gross.
Net
Fixed
1905
1904

Report

$429,720
$163,651
379,320
184,321
years ending June 30:

for fiscal
Gross.

Net.

Oth. inc.

charges.

$102,297
99,807
Int.

Surplus.

$61,354
84,514

& taxes. Surplus.

$735,693
$290,517
$10,041
$201,576
$98,981
652,445
281,390
9,791
197,673
93,508
Officers— Pres., Arthur Turnbull, 38 Wall St.,N. Y.; Sec'y andTreas.,
D. W. McWilliams; Vice-Pres. and Gen. Manager, F. L. Fuller, Long
Island City- V. 77, p, 299, 350.

LOS ANGELES CAL.
>

PACIFIC ELECTRIC RY.-A trolley road.
In October, 1903, the Kuhn, Loeb-Harriman interests in Southern
became connected with Mr. H. E. Huntington in the concompany. See V. 80, p. 651, 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 & PasaPacific Ry.
trol of this

&

Mount Lowe

ls one of the Huntington properties, Mr. Huntington being reported
to be the owner of 55 p. c. of the stock. See V. 80, p. 651.
ORGANIZATION Successor by consolidation Sept. 29, 1898, of Los
Angeles Ry. and Main St. & Agricultural Park RR. and by purchase of
the Mateo Street RR. and San Pedro Street RR. V. 68, p. 85. Owns
Power Co.
$5,050,000 of the $10,000,000 stock of the Paciflo Light
of Los Angeles.
Date. Interest. Outstand'g. Maturity.
Bonds—
Stock
$5,000,000
8tock, $5,000,000 (par, $100)
New mort., $5,000,000 gold J 1898 5g. A-O 5,000,000 Oct. 1, 1938
c* (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.
On 30 days' notice interest may be made
of San Francisco, Cal.
payable at the National City Bank, New York.
Road— Comprises 156-27 miles of road.
OFFICERS— Pres., H. E.Huntington; Vice-Pres., Ch.de Guigne; Treas ,
I. W. Hellman; Sec'y, E. B. Holladay, San Francisco ; Gen. Manager,
Howard E. Huntington, Los Angeles. V. 78, p. 229; V. 80, p. 651.

—

&

&

(I) PACIFIC

Ry., Paciflo Electric of

Arizona, the East Ninth St. Ry., the Temple St. Cable Ry. and the
Brooklyn Ave. Ry., comprising nearly all the lnterurban lines in and

LIGHT & POWER CO.—An

electric

company.

the stock of the Ontario <fo 8an Antonio Heights Ry. and
Eleotrio Co., neither of
the entire stock of the San Bernardino Gas
whloh has any Issues out. Has contract to purchase stock of the Sierre
Power Co. which has $35,000 bonds out; alao owns all of the stock of
the Mentone Power Co.; no bonds.
Organization.- Incorporated in California on March 6, 1902, and
absorbed the San Gabriel Eleotrio 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 latter.
Date.
Interest. Outstanding. Maturity.
BONDS—
STOCK
$10,000,000
8tock, $10,000,000 ($100) ....
5 g. J-J
3,731,000 June 1, 1943
1st mort., $10,000,000, ) 1902
..c&r s Int. at Union Trust Co., San Fran.. Trustee.
gold ($1,000)
Sottas.— $395,000 are reserved to retire a like amount of bonds of
the San Gabriel Eleotrio Co. Bonds oannot be called. A sinkitig fund
commences on Jan.1,1905, of 2% of bonds outstanding tor first 5 years
and on and after Jan., 1910, 2*2% until and including Jan. 1, 1942;
said fund to be invested in the bonds at not less than 110, otherwise
in other securities.
PLANT.—Generates electricity for light and power. Water power, also
steam plant, in Los Angeles. Has 10,000 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. 457, 1150.

Owns all of

1904-5
1903-4

dena Electric Ry., Pasadena

LOS ANGELES RAILWAY-

&

&

LOS ANGELES PACIFIC RR.— An

steam road.

electric

and

—

STREET RAILWAYS.

Feb., 1906.]

Organization—Organized Jane 4, 1898. In Jan., 1904, purchased
the Los Angeles Ocean Park & Santa Monica RR. V. 78, p. 342. Stockholders will vote Feb. 24, 1906, upon making a new mortgage for
$12,500,000. V.82, p. 161.
Dale.
Rate. Ontsiand'g.
Maturity.
STOCK
BONDS—
$1,500,000
Stock, $1,500,000; par, $100
5J/cAD/o 1,000,000
1928
lstM.,$l,000,000,g.($l,000) 1898
500,000 Apr 1, 1931
5 A.&O.
1st oonsol. niort., $500.000.. 1901
o„,
i^ 03 5g.M-8
2,350.000 Sep. 1,1943
,,, t
^nnnnnn( Int. a* Los Angeles Trust Co., Trustee, or
„.' <
.;«£i
gold / Ji mni
c
($1,000)
£ at U. S.Moit. & Trust Co., New York.
(I)
New mtge., $12,500,000.... 1906
5

&

M

'

'

Los Angeles
Hermosa) 1009
aqo oon
k
5
482,000
Beaoh % Red. mortgage J 1902
5
85,000
1903
Los Ang. <fc Santa M. M
Bonds.— Of the $5,000,000 authorized, $2,067,000 are reserved to
retire prior liens and $700,000 for extensions at 75 per oent of cost
when net earnings are l\ times interest charges on bonds, including
those to be issued. A sinking fund begins In 1903, to which $50,000
per annum is payable the flret 5 yea* s, $> 0.000 per annum the next 5
years, $70,000 per annum the next 5 years, $80,000 yearly the following 5 years. $90,000 per annum the next A years, $100,000 yearly the
following 5 years and $150,001) per annum thereafter. These bonds
are not subject to

call.

Road— Owns two lines

of trolley road from Los Angeles to Santa
Monica, the entire local system of Santa Monica, with branch lines to
Hollywood, Laurel canyon, Santa Monica canyon, Soldiers' Home,
Elysian Park, Ocean Park and Inglewood, constituting about 82 miles
of railway, of whioh 60 miles electric, 17 miles steam and 5 miles horse
railway; also 51 miles of new lines constructed and opened during
1902. Has 79 motor cars, 10 coaohes and 45 freight cars; total, 124
oars; 2 locomotives. Operates 2 large power houses at Sherman and
Ocean Park, with maohine shops ana oar shops at Sherman.
OFFICERS— President and Manager, E. P. Clark; Vice-President and
Manager, M. d. Sherman; Secretary, A. I. Smith; Treasurer. M. E.
Hammond; Supt., W. D. Larrabee— V. 66, p. 1140; V. 82, p. 100, 161.

LOS ANGELES &REDONDO RY-A trolley road.
In July, 1905, H. E. Huntington purchased the entire oapital stock.
V. 81, p. 211.

Organization.— Incorporated in California. Capital stock was increased in May, 1903, from $500,000 to $1,000,000. V. 76, p. 1143.
Interest, outstand'g.
Dale.
Maturity.
Bonds—
STOCK
$l,C00.00O
Stock, $1,000,000 ($100)
1902 5 g. J-J15
500,000 Jan. 15, 1932
1st mortgage, $500,000, >
gold, ($1,000)
o* $ Int. at Union Trust Co., San Fran., trustee.
EARNINGS— For fiscal years ending June 30:
Gross.
Net.
Int. <£ taxes.
Surplus.
1904
$258,487
$36,511
$93,856
$57,345
Road— 17*4 miles of track between Los Angeles and Redondo, and
also a new line, 17 miles, between same points, gauge 3*2 feet, operated
by electricity. The old steam IIdo has been changed to 319-foot gauge
and is now operated bv electrloity. Cars are equipped with 2 motors
of 50 H. P. each.
V. 81, p. 211.

&

LOUISVILLE, KY.

LOUISVILLE TRACTION CO. -A holding company.
New

Jersey on July 5, 1903* and
of the stock of the Louisville Ry. Co.

ORGANIZATION— Incorporated

in

has acquired practically all
Holders of common stock of Louisville Ry., on payment of $55 in cash,
received three shares of new common stock in exohange 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 company provided the Louisville
Ry. Co. with needed money to be used for improvements, the railway
company issuing $1,100,000 com. stock therefor. See V. 79, p. 968.
The old Louisville Ry. Co. was incorporated Jan. 22, 1867, and is
a Kentucky company, owning all the street railways in the city of
Louisville and its suburbs.
It has $4,600,000 common stock and
$2,500,000 preferred stock, practically all owned by the Louisville
Traction Co.
The Louisville & Interurban Ry. has been organized In the Interest
of the Louisville Ry. to construct a system of urban and tnterurban
lines. It has been authorized to borrow $3,000,000. Up to Oct., 1905,
no securities had been Issued except $500,000 stock to Louisville
Ry. Co.
Interest.
Outstand'g Last div., <tc.
BONDS.— Date.
STOCK
Common,$l 2,000,000
$11,000,000 Oct '05,1%%
Pf.5% cum $2,500,000
See text.
2,500,000
Louisv.City Ry. M... s 1884
6 g. J.- J.
444,300 July 1, 1909
( Louisville Trust Co., Louisville, Ky., Trustee.
do
do M., gold
C1888 6
M.-N.
186,000 Nov. 1,1908
Central Pass. Ry. M. < Interest payable at First Nat. Bank, Louisville.
(Louisville Trust Co., Trustee.
Louisv. Ry. Cons. M.. ) 1890
5 g. J. - J.
5,369,000 July 1, 1930
gold, $6,000,000 > Interest payable by Seligman & Co., N. Y.
(listed N. Y.)
oM Fidelity Trust Co.. Louisville, Trustee.
Louisville Ry. 2d M.,) 1900
1,000,000 Mar. 1, 1940
4»a g. M-S
$2,000,000,g,$l,000 s Int. at Columbia Fin. & Tr. Co.. Louisv'le. Trus.
Bonds.— Of the seoond 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. o. per annum. On oommon,
the first semi-annual dividend,
p. 0., was paid Oct. 1, 1904, and IH
p. c. was again paid Apr. 1, 1905. On Oct. 1, 1905, 1>4 p. 0. and *« p.c.

&

m

«xtra.

Road—Owns 145 miles of track on 83 miles

of street; all

&

is electric.

Affords entrance into Louisville for the Louisville
Eastern RR. and
the Louisville and So. Ind. Traotion Co.
Report- Of Louisville Railway Co. for fiscal year ending Deo. 31.
Annual meeting third week in February.
1904.
Tear.
1903.
Year.
1904.
1903.
Gross earn $2,048,264 $1,941,599 Dividends
$375,750 $300,000
Net
741,099
661,473 Bal., surplus..
7,639
3,688
Interest pd.
357,710
357,785
OFFICERS— President, T. J. Minary; Vice-President, St. John Boyle;
Secretary & Treas., Sam'l G. Boyle.— V. 80, p. 994, 1912.

55

Officers— President, H. H. Beohtel, Cincinnati; Vice-President
Treas., Percival Moore, Louisville.- V. 80, p. 1174; V. 81, p. 1100.

LYNCHBURG, VA.
LYNCHBURG TRACTION & LIGHT
Population served, about 28,000.

and

CO--

Trolley.

a consolidation on May 1, 1901, of the Lynchthe Lynchburg & Rivermont St. Ry. (franchise perpetual) and the Lynohburg Gas Co., and comprises all the
works and electric-light plants of Lynchburg.
street railways, gas
Date. Interest.
Outstanding.
Maturity.
STOCK AND Bonds—

ORGANIZATION—This

is

& Light;

burg Electric Ry.

Dec, '05, 1%
$750,000
6K9.000
1901 5 g. M-N
May 1, 1931
Real Est. Trust Co., Phila., Trustee.
( Int at R. M. Janney & Co., Philadelphia.
5 M-S
111,000
1930
Lynchburg Gas Co. 1st J
mortgage
I Int. at Real Estate Tr. Co., Phila., Trustee.
Dividends— In 1904, July, 1 p. c; Nov., 1 p c; in 1905, 2 p. c
Bonds -Of the 1st mortgage bonds $111,000 are reserved to retire
bonds of like amount of Lynohburg Gas Co., due 1930. Sinking fund
of 1 per cent per annum becomes operative in 1906; which is increased
in 1916 to 1*3 per cent. Entire issue can be oalled at any time.
EARNINGS— Year ending Apr. 30, 1905, gross, $226,479; net, $92,825;
Stock, $750,000 ($100)

'

1st mortg.. $1,000,000,
gold... u
s. f. ($1,000) gold...o*

interest oharges, $41,79»; surplus, $51,026.
ROAD—Owns and operates 14 miles of road in city

and suburbs.

R. D. Apperson, Lynchburg, Va.; Vice-Pres.,
Chas. R. Miller, Philadelphia; Secretary and Treasurer, F. H. Shelton.
1004 Penna. Bldg., Phila— V. 72, p. 873.

OFFICERS— President,

MACON, GA.

LIGHTMACON RAILWAY &Georgia on
Incorporated

Oct. 23, 1902,

in

Organization—

by the

Railways & Light Co. of America as a consolidation of the Macon Consol. St. Ry. the Macon El. Light & Ry., the North & South Maoon Street
Ry. and the Metropolitan Street Railway, The city ordinance permitting the consolidation, passed on Sept. 16, 1902, provides that at
least $150,000 shall be expended for improvements within two years,
and grants a 50-year franchise. For terms see V. 75, p. 733. In 8ept.,
1905, a large block of stook ohanged hands. V. 81, p. 1100. Voting

was dissolved
STOCK & BONDS—

trust in stook

in Sept., 1905.
Interest.
Date.

Outstand'g.
Maturity.
Stock.com., $900,000 ($100)
$900,000
f
00 000 ( * 100) I
6 A. &O.
300,000 Oct., '05, 3%
« p. o. cum.
o „ £ 'Af£
s
909,000
Jan 1,'53
Mao. Ry.
Lt. 1st Con. M., ) 1903
5g. J.-J.
g. $1,000,000 ($l,000).c* S Int. atTr.Co.of Am., N Y.,Trust., or by Co.
6 g. J-J
42,500
Jan. 1, '29
Mac. E. Lt. &Ry. 1st M.,) 1899
$100,000 ($500), g....c*< Int. at Bowling Green Tr. Co., N. Y., Trus.
Bonds.— $69,700 in bonds and stock is reserved to retire a like
amount of the Macon Electrio Light & Ry. bonds; remainder of the
bonds is reserved for extensions and betterments at five-sixths of cost.
Bonds of 1903 can be oalled on any interest date after five years at 110
and interest. See V. 76, p. 212.
Road—Owns and operates about 32 1* miles of traok, all of whioh
'

&

has been re laid with 70-lb. rails.
Report— For year ending Dec. 31.1905, of consolidated properties:
Gross, $273,673; net, $121,191; fixed charges, $58,846; dividends
(6%), $17,016; surplus, $45,329.
OFFICERS— President, Herman Myers, Savannah; Sec. & Treas., J. H.
Hertz, Macon; Asst. Sec & Treas., F. D. Bloodworth, Savannah.— V.
78, p. 343; V. 81, p. 508.

MADISON, WIS.
MADISON & INTERURB. TRACT--A trolley road.
Organization— Incorporated in Jan., 1905, and on Sept. 1, 1905,
Surohased the Madison Traction Co., which was suocessor to the
[adison Electrio Railway. Franchises expire in 1932 and are practically exclusive.

—

&

Miles. Date. Interest. Outstanding. Maturity.
Bonds
STOCK
Stock, $750,000 ($100)
$? 00,000
See text.
Mad.Tr.lstM. $300,-) 11
1901 5 g M-S
210,000 Sept. 1, 1926
000,g. ($1,000).. c* S Int. at Milwaukee Tr. Co., Milwaukee, Trustee.

New mge, $1,000,000)....
gold

1905

5

360,000

e.

1931

\

Bonds.—Whole issue of
at 110 and Int.; $5,000
Sept. 1, 1916.

Road— Owns

Mad. Trac can be called on any interest date
is

payable yearly to sinking fund, beginning

11 miles of standard-gauge tracK, including lines In

Madison and extension to Fair Oaks, Elmside, Lake Park and Cemetery.
REPORT—Year ending Aug. 31,1905; Gross, $111,389; net, after
taxes, $44,777.

Latest Earnings— For 5 mos. ending Jan.

31, 1906, gross, $44,121,

against $39,629 in 1905.

OFFICERS— Pres., F. W. Montgomery; Vice-Pres., Dudley Mont"
gomery; Sec. and Treas., Warren Montgomery; Supt., G. H. Shaw.— V72, p. 438; V. 73, p. 494, 663; V. 79, p. 501; V. 80, p. 1174.

MANCHESTER,

N. H.

MANCHESTER TRACTION LIGHT
POWER CO.-

&

Organization— Incorporated In 1901 in New Hampshire, and compower and street railway properties in and
around Manchester. The company took over the Manchester Electrio
Co., which oontrols the Manchester Electric Light Co. and the Manchester Street Railway. In 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 now authorized and issued, $944,500.
In
it was decided to increase stook of Manchester TracRR.-A trolley road tion,June, 1903,Power from
Light &
$2,200,000, shareholders
In Dec, 1905, it was proposed to re-flnance the company and to being given the right to take $1,650,000 to at par.
the new stook
build several extensions.
In March, 1905, fire destroyed the main oar barn and over 30 cars.
Organization— This was formerly the Louisville Anchorage & Pewee
Date. Interest. Outstand'g.
Maturity.
STOCK
Valley Elect. Ry., incorporated Jan. 14, 1901, but name ohanged aa
Stock, $5,000,000 ($100)
$2,050,000 Jan. /5,*06.1ia
above in January, 1903.
lstcon. mtge., $2,000,000, ) 1901 5 g. A-O
1.724,000 Aprill.1921
Date. Interest. Outstand'g. Maturity.
STOCK & BONDS—
gold ($1,000)
c*pnt.at Am. Loan&Tr. Co., Boston, trustee.
prises the several light,

I

I

I

|

LOUISVILLE & EASTERN

8tock, com., $900,000
None.
Pref. $350,000 5 p.c, n. c
$350,000
P. 1st mort., ) 1901 5 g. J-J
Louisv. A..
350,000
1931
$^00,000. gold, sink, fund S^Int. at Cincinnati Tr. Co., Cincinnati, Tr.
($1,000, $500)
J Sinking fund, but not subject to call.
1932
See text
Lonlsv A <fe P 2nd mort, ( 1902 5 8-

&

-

Louisville, Trustee.
(
Bonds.- Second mortgage bonds are all held In the treasury.
ROAD— Operates 15 miles of track connecting Louisville, Anchorage
ano Pewee, with 5 miles in the city; total 20 miles. Extensions to
Shelby ville, Ind.; to Frankfort; to Eminenoe; New Castle and La
Grange in Anderson and Spencer Counties are contemplated.

—

Underlning Liens

250,000 Oct. 1,1917
5g A
^$250 W™'.^'.}?*™?.]
Bonds— Of the new 1st con. mtge., $250,000 are reserved to retire
above underlying bonds. The remaining $26,000 are available for fu-

1897

-

"°

ture improvements and betterments.
Road— Owns 36-09 miles track, standard, of which 5'30 miles second
track and 2-42 miles sidings, etc Rails 70 and 90-lb. T. In 1904
completed a new power plant on Merrimac River at Bow, N. H. See
V.78,p. 2442.
Dividends— First div. of 3 p. 0. on July 15, 1901. In 1902, 6 p. 0. In
1903 (changed to quarterly), 7*2 p. 0. In 1904, 6 p. 0. In 1905, 6 p.c
In 1906, Jan., l*n p. 0.

—

STREET RAILWAYS.

56

Ry. for years ending June 30:
Dividends. Surplus.
In 1,<£ (axes.
* (6%)$49,17(>
1904-05
$14,37<i
$7,196
$291,729
190:5-04
63.0-0
285,827
19,698
1,712
(696) 41.670
1902-03.
267,768
53,393
577
21,586
(6%) 31,230
* This is dividend on Maueh6Bt«r c t Ry. stock.
Pi'es., William A. Tucker; Vice-Pres. and Gen. Man.. .T.
Officers—
Brodie Smith, Trcas., S. Reed Anthony.- V. 76, p. 1355; V.78, p. 2442.

Earnings— Of the Manchester Street

'

Gross.

Xct
$70.->36

.

MANILA

P.

I.

MANILA ELECTRIC
ING CORPORATION. RAILROAD & LIGHTm

Connecticut in 1903, and owns
Organizatun— incorporated
stocks aud bonds of the Mauila Elec. RR. & Light Co., having a 50year franchise from March 24, 1903; entire stock of the Union Truck
Co., and over 93 p. o. of the stock of '-Eleotricista." a Spanish company having a 50-year franchise for electric lighting. Besides doing
the street railway business, supplies light and power for private,
municipal and Government use. Municipality may acquire property
aftt-r 2- yiarson a valuation fixed by net earnings, the Snpieuie
Court of the Islands being reftree.
Maturity.
Date Interest. Outstand'g.
STOCK dL BONDS
Stock, $6.00 ,i 00
$4.978.0005Apr..lS06. 1%
1st lien. V col tr.$5,00O,0O0 > 1003
5 g. M-S 4,635,0.>0 Mar. 1. 1953
gold i$l 000)
Equitable Trust Co., N. Y.. Trustee.
X
Bonds— A. sinking fund of ig p. c. of bonds outstanding begins Mar.l.
1908, and runs until 1917; thereafter 1 p. c. of bonds outstanding.
The fun.l is to be invested in the bonds at not more than 105 and int.,
at which price they are subject to call foi the purpose. Are redeemable at par on or after March 1, 192*. v. 82, p. 218.
Diridtnds.— First dividend, 1 p o, was paid April 2, 1906.
Earnings.— For first 6 month- of operation ending 0<'t. 31. 1905,
gross, $129,899; Det, $213,6o3; fixed charges, $107,310; surplus,
$106,293.
Road. Operates 40 miles of traok in the city and suburbs, including a line of 5 miles to Malabon; opened in April, 1905; 70-lb. T and
92-lb. girder rails. Owns 85 single and 10 double truck oars.
Pres., Chas. M. Swift. Detroit; Vice-Pres Geo. C Smith;
Officers
Pittsburgh; 2d Vice-Pres. and Gen. Mgr., Ri. hard T. Lafiin, Manila,
Sej. and Treas., Frederic H. Reed, New York. -V. 80, p. 2399, 2621; V.
82, p. 218, 392.

c

—

—

,

MANISTEE, MICH.
FILER CITY & on coupons due Jan.,
RAILWAY-ATrust Default occurredwasEAST LAKE
1904, and Michigan
Grand Rapids
appointed
1VEANISTEE

trolley.

Co. of

V. 78, p. 103. Road was sold
hid in by the bondholders. V
Road— Operates 14 miles of
large engines and generators;

receiver.

under foreclosure on March

8,

1905, and

80, ». 1111.
track; 30 cars; brick boiler houso; three
iron car house. The line Attends from
Manistee to Filer City, East Lake and Stronach, Oak Hill and Parkdale.
Including park on shore of Lake Michigan, theatre, restaurant
house, station, bath rooms, pavilions. &c, over $100,000 spent for
improvements in 1899.— V.78 p. 103;
80, p. 1111

V

,

MANSFIELD RY. LIGHT & POWER

trolley road.

CO.-A

Organization— Successor in April, 1903, to the Citizens' Electric
Ry. Light
Power Co., which in turn was successor to the Mansfield
Electric Street Ry. Owns entire street railway and electrio light systems in the city. City franchise runs until 1925.
Date.
Interest. Outstand'g. Maturity.
Stock
Bonds—
Stock. $1,000,000 ($100)
$1,000,000

&

&

mortgage,

5

$400,000 ($500>
Mans. Ry., Lt & Pow. gen.

(

first

mtge., $1,000,000,

1901

5
200,000 Apr.1,1923
Unt. at Cleveland Tr. Co., Cleveland, Trus.

1903
5g. A-O
728,000 Apr.1.1918
Union Savings Bank <fe Trust Co., Cincin-

gold <
($500 & $1 ,000)
nati Trustee.
c* (
Bonds —Interest on the new bonds of the Mansfield Ry., Lt. & Power
Co. is payable at Rudolph Kleybolte& Co.'s offices, New York, Cinoincinnati and Chicago. $200,000 of the new bonds are reserved to retire the bonds of the old Citizens* Company and $72,000 for future acquisitions and improvements. A reserve fund of $10,000 per
annum is maintained, to be used for extensions and improvements.
Not subject to oalL See V 76, p. 810.
Earnings— For year ending March 31, 1905: Gross. $163,702; net,
$68,945; Interest $36,447; surplus. $32,498.
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 oars.
Officers-— Pres., H. M. Byllesby; Vice-Pres., A. 8. Huey; Sec. and
Treas., W. D. Breed; Gen. Man .. Wm. R aber.— V. 78, p. 2442.
,

.

MARION,

ILL.

COALpassed into control of the Missouri Pacific Ry. Co
BELT ELECTRIC RY.In 1904
STOCK

&

Bonds —

Date.

Interest.

Outstand'g.

MARSHALL/TOWN, IA.
MARSHALLTOWN LIGHT POWER
Exclusive
Organization— Incorporated Iowa
in 1892.

&

RY

rights till
1917. Runs electrical lighting and gas plant and electrio railway.
Date.
Interest.
Outstand'g.
Maturity.
Stock
Bonds—
Stock ($500,000) ($100)
$250,000f.p
1st mortgage ($150,000) ) 1893
180.000
6g. J-J
July 1, 1913
gojd ($1.000)
c.*>Int. at 111. Tr. & Sav. Bk., Chicago, trustee.

&

Bonds— Cannot be called.

Road— Trolley

Standard gauge, 40 and 60-lb. T rail.
Independence, la,; Sec, S. B. Hovey,
Treas. and Su pt.. M. W. Hovey, Marshalltown. la.

track, 4 m.

OFFICERS -Prest.,
Independence,

la.;

5 g. J-J
1st Trust

&

Maturity.

350,000
See text
Sav. Bk.. Chic, trustee.

5 ?' J J
150,000 Jan 1. 1936
Colonial Tr. & Sav. Bk., Chic, trust.,
National City Banki New Ye,!*.
I
Bond*.— The first mtge. bonds are due $10,000 annualiv ou Jan. 1
from 1907 to 1920, inclusive; remaining $210,000 on Jan. 1.1921.
These bonds are subject to call beginning Jan. 1, 1909, at 105 and int.
The ref. bonds are redeemable beginning 1916 at 105 and int No s. f.
on either issue; $350,000 ref. bonds reserved to retire firsts.
Earnings — For yr. end. July 31, 1905, gross, S98.232; net. $38,163.
Road — Oierates 14 miles of track in and between Mattoon and
-

AFjt

-

70 and 72-lb. T
and power business

Standard gauge Also does elecMattoon.
Officers— Pres., E. A. Potter; Vice-Pres. F.S.Peabody; Sec.A.W.
Underwood. Chi<>atro; Treas., L. C. Rose, Chicago; Gen. Mgr., H. W.
Charleston

rail.

trio light

in

Tolle.— V. 82,

p.

100.

MAUCH CHUNK,
RY.-A

CARBON STREET
OrgamIzahon— Incorporated
foreclosure of the
p.

PA.

trolley road.

and is successor under
Slatington St. Ry. V. 80

Oct. 17. 1904.

Mauch Chunk Lehlghton &

1362

STOCK—

last IHv.
Date. Interest. Outstand'g.
Stock. $354,000
$354,000
1st mtge., $100,000. gold) If 05 5 g. A-O
100,000 Apr 1, 1925
c s I'it. at Mauch Chunk TrustCo, trustee.
($ 00)
Bonos.— Are subject to call on and after 1910 at 10*i.

Road— 12 miles completed and in operation
Officers- President, Col Harry C. Trexler: Sec and
Driesbach: Supt., A. H.
2146; V. 80, p. 1362

Bowman.—V.

Treas., J. M.
73. p. 1392, 1447; V. 79, p. 681,

^^^__

MEADVILLE, PA.

MEADVILLE electrio road.
SPRINGS
STREET R Y .- An & CAMBRIDGEin 1901. Carries
— incorporated in Pennsylvania
Organization
pastengers, mall and express.

STOCK

&

Bonds—

Population served, 25,000.

Oatstand'o.
Maturity.
Interest.
Stock, $300,000
$300,000
1st mort., $300,000 >
July 1. 1 932
1902
300,000
5
($500)
$ Int. at Equitable Trust Co.. Pittsburg, Trustee.
Bonds— Are subject to call after 20 years at 105 and interest.
EARNINGS— For year ending June 30.1905, gross, $42,323; net.$23,278.
ROAD— Operates l»> 20 miles of track between Meadville and Cambridge Springs, forming the connecting link between Meadville and
Erie. 77^ and 85 lb. T rail. Commenced operating Jan. 15. 1903.
OFFICERS— President, Geo. S. Davison, Pittsburgh; Vioe-Pres. and
Gen. Mgr., T.'J Layton, Cambridge Springs; Secy., M. F. Tennis. Pittsburgh; Treasurer, E. H. Bair, Greensburg. Offices, Cambridge
Springs, Pa.
Date.

-

MEMPHIS, TENN.
MEMPHIS STREET RAILWAY CO-

In March, 1905, Ford, Bacon & Davis and Isidore Newman & Co. of
entire stock from looal interests (V. 80, p. 1058),
and company was reorganized as below.
Organization— Chartered in Tennessee on March 28, 1895, and consolidated with the Citizens' St., East End Street, City & Suburban
and Memphis & Raleigh Springs lines; franchise runs till 1945.
Outstand'g.
Maturxty.
Date. Interest.
STOCK BONDS—
$2,ft00,000
Com., $2,500,000. $100 ...

New York purchased

&

Pre
,000 5 P C
.. .
c um.f$100°
'l

2,500,000 Dec.,'05,21.
4,094.000
1939
Central Trust Co., N. Y. trustee.
gold
S
1945
700,000
Cons. mtg.. $10,000,000, ) 1905 5 g. J-J
Central Trustee, N. Y., trustee.
gold (see text)
|
906.000 Jan. 1, 1916
1887 6 g. J-J
Citz. St. RR. 1st M. )
($1,000), gold..o* <Int.atAm. Ex.Nat. Bk.of N.Y.andinMemp.,T*>nn.
new bonus, $5,000,000 arer eserved for
Bonds.— Ol the $10,000,000
prior liens. They are in denominations of $1,000 coupon and $10,000
registt-red. Are not subjeot to ca 1. The $5,000,000 issue will shorily
be exchanged for these bonds.
FA»N|Nr»s - for calendar year 1905, gross, $1,114,021; net $535,732; fixed charges, $349,154; surplus, $186,578.
ROAD— Operates 96 miles of track in Memphis and suburbs. Rails 70
to 90 lb. T and Johnson.
OFFICERS— Pres. & Gen. Mgr., Thos. H. Tutwller Vice-Pres., John
H. Watfeins; Secy, and Treas., W. H. Burroughs.- V.79, p. 27b 6; V. 80,
p. 1058,2399; V. 81, p. 1792.
"

Consoi!

M.,

$5,b6o,b66",

C. D. Jones,

MASON CITY, IOWA.
MASON CITY & CLEAR LAKE RY. CO-

1905

5

g.

J-J

:

MERIDIAN LIGHT & RAILWAY CO1901 as a reorganizaIn March, 1903, increased capital
stock from $450,000 to $1,000,000 and made a new refunding mortgage for $750,000 for the purpose of making extensive improvements
to the property. See V.78, p, 1109, 1223. Now owns and operates the
Meridian Gas Light Co.

ORQANIZATION— Incorporated

OrganizatiOn, Etc.— a trolley road. Operated since July, 1897.
right of way 33 feet wide from Mason City to Clear Lake,
9 miles. Length of line within and between two cities, 17 6 miles,
8tock, $200,000. Bonds (authorized), $100,000 1st gold 6s, J. -J. 15,
interest at Illinois Trust <fe Savings Bank, Chicago, Trustee; sinking
fund retires $3,000 yearly at 103, beginning Jan. 15, 1900, and
amount outstanding, $79,000. Handles all freight coming over Iowa
E. Brice; Secretary, F. J. Hanlon.

trolley road.
Organization.— Incorporated in Illinois in 1902. Owns entire capital stock of the Mattoon Light, Heat & Power Co., said stock being
deposited under the Ry. Co.'s first mortgage. The Power company
has no bonded debt.

Interest. Outstand'g.

Date.

Pref. 6% n. c. $400,000 ... Ref. mtge., $750,000, g., > 1904 5 g.
($500 and tf 1,000). c* S Int. at City

M-S

Bank

$407,700
163,300
434,000

& Tr.

Ma'ai-ily.

Marcb

1,

1944

Co., Mobile. Trustee.

Bonds—There was $225,000 of first 5s outstanding, but these (with
the exception of $1,000 for which a new bond is reserved) have been
deposited as collateral for the new bonds, A sinking fund of two per
Bonds
cent of bonds outstanding becomes operative March 1, 1906.
are subject to call on 60 days notice at 105.
Earnings—Total gross for 12 months ending Dec. 31, 1905. $140,774; net, $43,475; taxes and interest, $31,348; surplus, $12,1*7.
Road— 7 miles of track. Electrio department operates 200 citv arcs.
12,000 incandescent lamps, 75 H. P. motors and 100 commercial arc
lights.

OFFICERS— President, A. J. Paterson: Vice-Pres., W. H. Armbrecht,
Secand Treas., J. A. Gibson.-V 75. p. 29; V. 78, p. 1109, 1223.

MoDile;

MICHIGAN CITY,

-

Central, Chicago & North Western and Chicago Great West'n railways,
between Mason City and Clear Lake. President and Gen. Manager, W.

in Mississippi in

tion of the Meridian Street Ry.

Owns

MATTOON CITY, ILL.
MATTOON CITY RAILWAY CO.-A

)

,

STOCK & BONDS—
Common, $600.000

Burns, Marion.

In

Outstanding.
$500,0(»0

Interest.

MERIDIAN, MISS.

Maturity.

Stock, $350,000 ($100)
$350,000
Road— Operates 20 miles of track from Marion to Spillertown, Pollard. Carterville and Herrln. Standard gauge. 60-lb. T rail.
Officers— Pres., Geo. J. Gould; vice-Pres.; C. S. Clarke; Gen. Mgr.,
A. W. Sullivan; Sec, F. W. Irland; Treas., D. 8. H. Smith; Traffic
Mgr., W. C. Stith; Gen. Aud., S. B Schuyler, all of St. Louis; Supt.,
J.

&

Dale.
Stock
BondsStock, $500,000, S100
1st mtge., $350,000 gold <: 1906
($1,000)
c* Hnt. at
Mre-A
Ref
<Rl-( 1906
nnn nnn «ni£/*i nnnw.'*
000,000 gold ($1,000)0* 1 Int at
or at

Vol. lxxxh.

.

MANSFIELD, OHIO.

Citizens*

|

5J!SwS?U nit I
1

tt'l

IND.

of these companies see
Section for Oct. 14, 1905.

For statements

C

CMc fnd.TM fch TVac \ St« e * t ^.

MIDDLEBORO, MASS.
TAUNTON & BUZZARD'S BAY STREET
road.
—A

RY.

trolley

Organization— Incorporated

Wareham

Buzzard's Jbay
mortgage given below.

STOCK

An

&

Bonds—

Stocb, $150,000

in

\

5

1905 and purchased the Middleboro

Ry. at foreclosure

Date.

.

M. W. & B. B. 1st mtge.
$150,000 ($1,000), g.o.

St.

Interest.

sale,

Outstand'g.

subject to the
Maturity.

$150,000
Oct. 1, 1921
150,000
1901
5g. A-O
Int. at Federal Trust Co., Boston, Trustee.

Feb..

STREET RAILWAYS.

lJMMi.

Bonds.— No sinking fund, but subjeot to call on or before Oot. 1,
1906, at 110; thereafter through Oot. 1. 1911, at 107 1* and thereafter
before Oot. 1, 1921, at 105, all with interest. See V. 73, p. 1313.
ROAD— Operates 29 miles of traok in Middleboro and to Buzzard's
Bay and to Monument Beach. Rails 60 and 70 lb. T. An extension to
Tauutou is proposed.
OFFICERS— Pres John A.. Arnold: Sec'y, James W. Burke; Treas.,
Geo. H. Newhall; Gen. Mgr., A. C. Ralph-V. 79, p. 501, 2i56, 2748.

N. Y.

YotIc in 1905 as successor
under foreclosure to the Mlddletown-Goshen Electiic Ry. and the
Middletown-Bloomsburg Elec. Ry. See V. 80, p 1059. 1425.
Date. Interest. Outsl'd'g.
Maturity
Stock
Bonds—
$3'20. 7ftO
Stock, $350,000 ($100)
300,000 May 1,1935
1st raorfaee $350 000 S
eold) 1905 5 g M-N
„
rtnnn i?nn & $1,000).. .o » ? I^- at Commonwealth Trust Co., Harris($100. $000 t«
burg, Trustee.
in

&

5

Bonds.— $50,000 reserved for future improvements. Are subject to
call after 10 years at 105.
ROAD—Operates ll^ miles of track extending from Middletown,

Midway Park, Goshen,

T

Rails 65-lb.

except

*3

including swrtches. turnouts, etc.
mile only of 80 lb. girder. Standard gauge.

OFFICERS— E. R. Sponslor; Vice.Pres,. H. B. Royce; Sec W.
Sponslor; Treas., W. M. Oglesby V. 80, p. 998. 1059, 1425, 2346.

—

H.

MILFORD, MASS.
MILFORD ATTLEBORO & WOONSOCKET
ST. R Y. -A trolley road.
ORGANIZATION.— Connects the towns named

STOCK

&

BONDS—

Dale

Stock ($100) $325,000..
1st mtge.,$300,000,gold)
($1,C00)

Cannot be

in the

title.

Interest. Outstanding.

$315,000

Maturity.

1901-02,4%

250,000
5g, A-0
Oct. 1, 1919
Interest at Meroantile Trust Co., Boston,

1899

.o. >

) Trustee.
operates 30 miles of track.
Has traffic agreement with Woonsocket Street Railway, allowing it to run over its
tracks into the city. Operates 26 cars. Rails, 60 and 85 lb.
EARNINGS— For year ending Sept. 30, 1905, gross, $77,929; net,
$20,364; fixed oharges, $17,355; surplus, $3,009.
OFFICERS— Pres., G. W. Wiggin, Franklin; Treas., E. K. Ray, Woonsocket; Sec. and Man., W. H. Tyler, Milford.— V. 73, p. 236, 392.

called.

Road— Owns and

MILFORD & UXBRIDGE ST.

RY.-Trolley.

Incorporated in Massachusetts in 1901. On July
by purchase of entire capital stook with the
Milford Holliston & Framinghain St. Ry.

Organization.

10, 1902, consolidated

Stock

&

Bonds—

Stock, $440,000 ($100)
M. Holl
Fram. 1st M.,
$165,000 ($1,000) g.o*
Milf.
Uxb. goid bonds,
$250,000 ($1,000) g..c*

&

&

Dale.
)
S
*

Interest.

Outstand'g.

Maturity.

$440,000 1903-4, iy%
1898
5g. J-J
165,000 Jan. 1, 1918
Int. at Am. L. & Tr. Co Boston, Trustee.
1902
5g..J-J
250,000 Jan. 1, 1918
,

5 Int.

at

Am.

L.

& Tr.

Co., Boston, Trustee.

Notes payable Sept. 30, 1905
50,927
EARNINGS For fiscal year ending Sept. 30. 1905, gross, $150,927;
net, $44,5*8; fixed charges, $34,058; surplus, $10,490.
ROAD—Owns 36 miles of track, from So. Framingham to Uxbridse,

and from Milford to Medway and Hopkinton. Also controls Lake Nipanuo Park.
Officers— President, John T. Manson, New Haven, Ct.; Vice-Prest..
J. >villis Downs, New Haven; Treas., J. E. Walker, Milford; Supt, W.
L. Adams; Milford, Mass.—V. 74, p. 1308; V. 76, p. 102.

MIULVILLE, n. J.
MILLVILLE TRACTION-A trolley road.
&

Date. Interest.
Stock
BONDS—
Outstand'g.
Maturity.
Stock. $175,000
$175,000
1st mortgage, $400,000,) 1894 5g. F-A
208,000
1914
gold ($1,000 eaoh)....c'-s Interest at Land Title & Tr., Phila.. Trus.
"Other debts" Dec.31, '04
34,462
EARNINGS—For year 1904, gross, $31,384; net, $5,932.
Road.—Operates 12-54 miles of track in Mlllville, Vineland and
township of Landis, of which 867 miles put in operation in 1901.
_ Officers.—Pres't, George Wood; Sec, G. H. Thomas; Treas., Daniel
O. Lewis.

^^^

MILWAUKEE, WIS.

MILWAUKEE ELECTRIC RY
Successor
Milwaukee

& LIGHT.-

of
ORQANIZATION—
Street Railway Company,
sold in foreclosure Jan. 29, 1896, per plan in V. 60, p. 1009. Embraces all the street railway lines in Milwaukee, and an extensive
system ot suburban and interurban lines. Entire comm stock is owned
by the "North American Co." (See Miscellaneous Companies in Railway Industrial Section.) The company, besides its street railway
system, owns and operates electric-light anu power works under franchises said to be exclusive
these include all the electric-light
companies, among others the Edison Elec. Illuminating Co., the Milwaukee Electrio Light Co., the Badger Illuminating Co., the Milwaukee
Arc Light & Power Co. and the Pabst Light, Heat & Power Co. Was
furnishing on Dec. 31. 1905, 177,580 incandescent lamps, 5,102
h. p. in motors and 3,703 arc lights. Owns all the stock of the Milwaukee Light, Heat & Traction Co. See its statement below.
The franchises of the company run until Deo. 31, 1934. V. 70, p. 39.
Stockholders in Jan., 1901, voted to increase common stock from $3,500,000 to $15,000,000, to provide funds for improvements, the additional stock to be issued from time to time as needed.
STOCK
Date. Interest. Outstand'g.
BONDS—
Maturity.

&

;

&

tarS'! 000,000
^S&E^Tl'oS}
Milw.
RR.
1
!'

W.000.000 In 1905, 5%

!

Q- F

Annual Report—Fiscal year ends Deo.
Calendar year—
Gross railway

31.

4,500,000 Jan.31,'06,1*
City
1st mort.. J 1888 5g. J-D
1,000,000 Dec. 1, 1908
41 m.,$l,000,000,gold.c* \ Central Trust Co., N. Y. City, is trustee.
West Side Street Ry., 1st < 1889 5g. J - J
500,000 Dec. 1, 1909
mort., covers 18 miles... \ Int. at Farmers' L. & Tr. Co., New York.
Milw. El. Ry. & Light Co., ( 1896 5g. F-A
6,500,000 Feb. 1, 1926
consol.M.$8,000,000,g.c* \ Central Trust Co., New York, Trustee.
Interest payable at company's office, 30 Broad Street. N. Y.
Mil. El.Ry.& Lt. ref. &ext. ( 1906 4»ag. J-J
2,000,000 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 Exchange. Of the new ref. and ext.
bonds, $8,000,000 are reserved for prior liens, $1,000,000 for future
improvements and $9,000,0(0 for extensions, acquisitions, eto , after
Jan. 1, 1907, at not exceeding $1,000,000 per year. Bonds subject to
call on and after Jan. 1, 1916, at 103 and interest. See V. 81, p. 1724,
1792.
Road—Total track about 130 miles— all trolley. Including mileage
of the Mil. Light, Heat & Trae. Co., total traokage is about 270 miles.

1905.
$2,669,847
556,688

1904.
$2,698,641

$3,226,535
Gross earnings
Operating expenses.. 1,551,463

$3,218,695
1,592,413

$3,030,477 $2,737,321
1,526,910
1,286,035

$1,675,072
122,161

$1,626,282
66,683

$1,503,567 $1,451,286
65,847
38,972

$1,797,233

MIDDLETOWN,

TRANSIT COWALKILLIncorporated New
OrganiZATION—

2

57

Net earnings
Other income

,

N. Y., to

—

)

:

$1,692,965

$1,569,414

Lighting, etc

520,054

1903.
$2,558,459
472,018

1902.

$2,302,514
434,807

$1,490,258

Out of the net of $1,797,233 for 1905, $414,770 was paid for interest
and $193,592 for taxes, $270,000 for pref. divs. (6%), $400,000 for
com. div. (5%) and $322,653 was charged up for depreciation, leaving
a surplus bal. of $196,218.
Dividend Regular quarterly dividends of 1*2 P- c. have been paid on
the pref. since Feb.. 1900. On the common stock in 1903, 4 p. c; in
1904, 4 p.c; in 1905, 5 p. c.
OFFICERS— President <& Gen'l Mgr., John I. Beggs, 1st Vice-Pres.,
Wm. N. Cromwell, 2d Vice-Pres., C W. Wetmore; Secretary, Silas W.
Burt, New York; Treas., Geo. R. Sheldon; Auditor, H. C. Mackay. N.
Y. office, 30 Broad St., N. Y. City— V. 76, p. 263; V. 81, p. 1666, 1724,
1792; V. 82, p. 100.

—

Companies Controlled by the Milwaukee Electric Kv.
& Light Co.
MILWAUKEE LIGHT HEAT & TRACTION COMPANY.— Incorporated December, 1896. The capital stock, all owned by the Milwaukee Electric Railway & Light Co., was increased by $500,000 in Feb.,
1905, to $1,000,000
The Traction Company
all trolley roads

owns and operates the following properties

Milwaukee & Wauwatosa Motor Railway Co., operating between
Milwaukee and the town of Wauwatosa.
North Greenfield & Waukesha Eleotric Railway Co., Waukesha Beach
Electric Railway Co., Waukesha Electric Railway Co., operating between Milwaukee, Waukesha and Waukesha Beach.
Milwaukee Racine & Kenosha Electric Ry. Co., operating between
Milwaukee, Racine and Kenosha.
Belle City Electric Railway Co., operating in Racine and connecting
with the Milwaukee Racine & Kenosha line.
Total mileage about 140 miles.
The company also owns the electric-light plant of the Badger Electrio
Co. of Racine, the electric lighting plant formerly belonging to the Belle
City Electric Railway Co. and the Racine Gas- Light Co.
Interest. Outstanding.
Maturity.
Date.
STOCK
BONDS—
stock.)
«i onn nno
See text.
$1,000,000

&
Common

$1,000,000

Rao.

Gas

\

L. 1st M.,)

$1,000,000 g. $1,000
Milw. Lt. Heat. & Tr.
1st M.g.gu. $5,000,-

j
;

1903 5 g. J-J
700,000
Milwaukee Trust Co., trustee.
1899 5 g. M. - N.
3,223,000

Jan. 2, 1930

May

1,

1929

Trust Co. of America, N. Y., trustee.
($1,000) gold.e* J
Interest on Milw. Lt. & Trac. bonds is payable at company's office,
30 Broad St., N. Y. These bonds may be called at 110 on any interest
date. They are guaranteed, principal and interest, by the Milwaukee
Electrio Railway & Light Company; in consideration for which the
latter receives the surplus income of the Traction Company; $1,777,00o are reserved for acquisitions and improvements.
Dividends-Ten per cent per annum is being paid.
Report— Fiscal year ending Dec. 31, 1905:

000

Gross— Railway

$523,576 Other income
85,423 Taxes

$30,128
36,540
32,627
176,144
131,257

j

Eleotric light

Depreciation
Total gross

Expenses— Ry.&

elec

lt...

$608,999
252,557

Interest

Balance, surplus

Net earnings
$356,442
Officers and Directors— Same as The Milwaukee Electric
|

way & Light Company.

Rail-

General office, 451 Broadway, Milwaukee, Wis. New York office,
30 Broad Street.— V. 72, p. 283, 937 V. 75, p. 394; V. 80, p. 472, 872.
;

WISCONSIN
HEAT
POWER Co- TRACTION LIGHT, Milwaukee &
Organization— This company was incorporated
at

in

August, 1900, with a nominal capital of $10,000 (since increased
to $1,000,000), for the purpose of uniting certain properties in
the Fox River Valley. Secured control of the Fox River Valley Electrio Ry. and the Appleton Electric Light & Power Co., and
has consolidated them. In Sept., 1904, purchased entire capital stock
of the Fox River Valley Gas & Electric Light Co. and guarantees its
bonds, principal and interest. See V. 79, p. 787, 1267.
Dale,
Interest. Outstanding. Maturity.
STOCK
BONDS.—
Stook, $1,000,000 ($100)
$750,000
1st mortgage $3,000,000 ) 1901
5g. J-J
950,000 July 1 1931,
gold, no s. f..o* < Int. at Milwaukee Trust Co., Mil., trustee.
($1,000),
Fox River Val. 1st mort.) 1901
5g.
350,000 Apr. 1, 1921
$350,000 g. ($1,000) c. s Merchant's Loan & Tr. Co., Chic, Trustee.
Bonds.— Entire issue of Wis. Trac. L. H. & P. Co. bonds may be called
on any interest date at 110. The Fox River Valley bonds are subjeot
to call after April 1, 1911 at 105 and interest.
Road.— Operates 15 miles of track, connecting Neenah, Menasha,
Appleton and Kaukana, and 5 miles locally In the city of Appleton;
total 20 miles. Owns electric-lighting plants in Appleton, Neenah and
Menasha and supplies gas to Neenah. Menasha and Appleton.
OFFICERS.— Pres., John I. Beggs, Milwaukee, Treas., Henry D.Smith,
1st Nat. Bank building, Appleton, Wis.—V. 79, p. 787, 1267.

&

MINNEAPOLIS, MINN.

TWIN CITY RAPID
road.

TRANSIT-Cable

and

electrio

ORGANIZATION— Organized under the laws of the State of New Jersey,
June 3, 1891, and by virtue of its stock ownership of the underlying companies (to wit: The Minneapolis Street- Railway Co., The St.
Paul City Railway Co.. the Minneapolis Lyndale & Minnetonka Railway
Co. and the Minneapolis & St. Paul Suburban) controls and operates
the entire street railway system of Minneapolis, St. Paul and Stillwater.
On May 31, 1905, stockholders authorized an increase in the capital
stock from $20,000,000 to $25,000,000, the new stook to be all common. At the SAiije time the articles of incorporation were amended

make the charter perpetual, V. 80, p. 1914.
Date.
Interest. Outstanding.
Stock & Bonds

so as to

Twin City Bap. Tran. —

Common stock,$22,-

000,000; par, $100 S
Preferred stck, cum
1895
$3,000,000 ($100)
Minn. St. By. Co.—
IstM., g.,red.atl05. l-, aan

18Hy
yearly.
$
2d mort., gold... c*&r 1883

K
° Q-F.

7 Q.-J.
7g. M.-N.
6g.

M.-N.

Maturity.

$18,000,000 Feb. 15,*06,li4%
3,000,000

Jan„'0G,l%%

170,000 Nov.
600,000 Nov.

1,

1,

1910
1913

1st consol. mort. gold,

$5,000,000
o* 1889
5g.J./y-J.
4,208,000 Jan. 15, 1919
Paul City By. Co.—
1st M. onreal est'e & \ 1882
A.-O.
224,000 Apr,, 1, 1932
horse-car francb... J Exchangeable at 105 for 1st consol.
1st consol. M., gold.. 1884
6g. A.-O.
456,000 Oot. 1,1934
Cab. con., g., see text. 1887
5g. J./j-J.
3,708,000 Jan. 15, 1937

St.

1

STREET RAILWAYS.

58
Stock

&

Bonds—

Dale.

Maturity.

Outstand'g.

Interest.

Paul Sub. Ry,
$500,000 Sept. 1, 1924
Gua^bv'TwmCit^R * 1899at 5 g M - 8.
Int
Central TrU8t Co - N Y Trustee.
T. and St-.Paul Ctt j.' )
Minn. St. <£ St. Paul Oily Ry.—
Joint issue gen. M. $1,- ) 1901 5 g. J - J
$668,000 Jan. 1, 1911
000,f 00 ($1,000) gold o $ Int. payable at Cent'l Tr. Co. N. Y., trust.
Joint con. M. $10,000,- > 1903 5 g. A - O 5,034,000
Oct. 1, 1928
000 ($1,000) c* gn. p.&i. ( Central Trust Co. of N. Y Trustee.
All bonds are for $1,000 each, and, with the exception of tne Minn.
&St. Paul Sub. Ry. and the two joint issues,(of 1901 and 19 O'i), interest
at Farmers' Loan <fe Trust Co.. N. Y.
Slock— In May, 1902, stockholders were given the right to take
at par $1,501,000 additional stock, payable in instalments, the last
Dec. 1, 1902, (V. 74, p. 1039), and in June. 1905, $1,000,000 was

Minu.

<t St.

-

-

>

(

,

offered to shareholders at par. See V. 80, p. 2400.
This last makes
outstanding stook $1«, 000,000.
Dividends— All dividends on preferred to and including Jan. 1,1906
(1% per cent), have been paid. First dividend of 1 per cent was paid
on the common stock in August, 1899; in 1900, 3 per cent; in 1901,
3 1* per cent; in 1902, Feb., 2 p. c; ohanged to quarterly and 1*4% paid
May.1902; Aug.,114 p.c; Nov.,
in 1903, 5%.; in 1904, 5%; in
1905, 0%. In 1906, Feb., 1H%Botids.—The Minneapolis Street Railway Co. jointly and severally
with the Minneapolis Lyndale & Minnetonka Railway Co. issued
$5,000,000 5 per cent 30-year first mortgage and first consolidated
mortgage gold bonds, of which $770,000 are held in trust by the Farmers' Loan <te Trust Company to redeem the $770,000 prior lien bonds. See
statement to N. Y. Stock Exchange in June, 1895. The consols are
also listed in London. V. 60, p. 1149.
The St. Paul City Railway Company has issued $4,388,000 5 per cent
50-year cable consolidated bonds (including $680,000 held by the
fc anners' Loan & Trust Company, trustee, to redeem the $680,000 prior
lien bonds above); limit fixed by this mortgage was $5,500,000, but by
the joint oonsol. mtge. of 1903 no further underlying bonds can be
put out. V. 77, p. 2281. 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 Stock Exchange in June,
1895. V. 60, p, 1150. Of the first cons. mort. of the St. Paul City,
$234,000 were held Jan., 1902, by the Farmers' Loan & Trust Co., to
be exchanged for the $224,000 first mortgage bonds.
The Minn. St. Ry. dk St. Paul OuyRy. consol. mortgage of 1903 is a
joint issue of the Minneapolis St. Ry. and the St. Paul City Ry. $3,500,000 were to reimburse Twin City Rap. Trans. Co. in part for expenditures made for additions to roads, plants and equipment. $1,000,000 were reserved ($334,000 of this amount hare been issued) to retire the joint general mortgage of 1901, whioh th©
new mort. bind* the company to pay at maturity. Rest reserved for
new construction, additions and improvements at 90 p. 0. of cost.
Guaranteed as to principal and interest by Twin City Rap. Tr. Co.
(See V. 77, p. 2281 and 2340). No underlying bonds can be extended,
but must be paid off at maturity.
ROAD— Consists of 264*61 miles of standard-gauge road, including two
Interurban lines connecting the business centres of Minneapolis and
St. Paul, and an interurban line of 22 miles connecting St. Paul and
Stillwater.
All new lines, including line to Excelsior, were expeoted
to be in operation by Oct. 1, 1905, adding about 54 miles to the system.
On the principal streets of the cities 80-lb. T rail with welded joints
and imbedded in concrete was used.
Settlement with City 0/ St. Paul.—For decision as to right to build
new lines in St Paul, see V. 79, p. 271, 2087, and for settlement, with
city of St. Paul by whioh the city relinquishes its right of appeal from
this decision and the company agrees to Day into the city treasury a
gross earnings tax of 6 per cent. 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 conjunction with
power generated at new steam power plant to run the entire railway
system in both cities. See V. 64, p. 704.
Annual Report— Fiscal year ends Dec. 31. Report for 1901 was in
V. 80, p. 1233, showing results on the entire property as follows:

m%;

1904.
$4,269,408
38,672

Receipts from passengers
Receipts from other sources
Total receipts
Operating expenses
Insurance
Injuries

1902.
$3,591,548
20,662

$4,308,080 $4,063,938 $3,612,210
$1,950,303 $1,674,251 $1,471,358
48,000
41,104
20,366
165,001
162,695
138,445

and damages

Total operating

$2,163,304

Net earnings
Interest and taxes
Dividends on 7 p. c. pref.
Dividends on common

1903.
$4,042,229
21,709

$1,878,050

$1,630,169

$2,144,776 $2,185,888 $1,982,041
$906,195
$731,041
$711,718
stock....
210,000
210,000
210,000
(5%) 825,550 (5%) 825,550(5%)769,262

Total
Balance, surplus

$1,941,745
$203,031

$1,766,591

$1,690,980
$291,061

$419,297
Latest Earnings— For 11 months endiDg Nov. 30:

Xoar—

Gross.

Surplus.

*Fixed eharges.

Net.

1905
$2 3*9.440
$1,113,424
$1,246,016
$4,320,884
1904
a 930,426
1.0U.748
2,037,317
1,075,569
* Fixed charges include dividends on preferred stock.
Officers— Pres., Thomas Lowry; Vice- Pres. and Managing Director,
C. G. Goodrich; See. and Auditor, E. S. Pattee; Treas., E. A. Crosby;
Gen. Man., W. J. Hield.— V. 79, p. 271, 2087, 2643; V. 80,
1233, 1914, 1972, 2221, 2400; V. 81, p. 1667.

p. 652,

1175,

MOBILE, ALA.

MOBILE LIGHT & RAILROAD-Trolley. Light
Organization— A consolidation on Sept. 1901, of the Mobile
1,

& RR. and the Mobile Street RR.; the franchises of both companies
were extended on eept. 12, 1901, to March 12, 1955. See V. 73,p. 616.
STOCK

&

BONDS—

Date. Interest. Outstanding.

Stock, $2,250,000, par $100
1st mortsajre gold f«l 0001
ist mortgage, sold (»i,uuu)

Maturity.

$2,250,000
. .

$

J

1897
Int at

400,000 June
5g. J-D
Farm> Loan & Tru8t Co ^

1,

1937

N y

St. RR. 1st mortgage, J 1893 6g. M-N
300,000 May 1, 1923
gold, $350,000
I Farmers' Loan & Trust. N. Y., Trustee.
Interest at Nat. City Bank, New York.
Consolidated mortgage, gold 5 1901 5g. M-S 1,100,000 Sept. 1, 1941
($1,000), $2,250,000
c* Unt. at N.Y, Sec.& Tr. Co., N. Y.Trustee.
Bonds— Of the $2,250,000 mtge., $700,000 reserved for prior Hens.
Latest Gross EftRNiNQS-For 12 months ending Dec. 31, 1905.
$482,142; in 1904, $427,008.
Road, Etc.—Owns 44 miles of track in Mobile and extensions to
Magazine Point, Spring Hill, Whistler and Monroe Park. Company
also owns "Monroe Park " and water power and 320 acres of land;
also electrio light plant of capacity of 30,000 incandescent lamps and
500 arc lamps, with power circuit and power house.
OFFICERS—Pres. and Mgr., J. H. Wilson; Sec. and Treas., C. W. Chase.
—V. 61, p. 282 ; V. 72, p. 989, 080; . 73, p. 236, 287, 554, 616.

Mobile

c

V

MONTGOMERY, ALA.
MONTGOMERY STREET RY.-A
Entire stock was purchased
Dec, 1905, by Montgomery Traction
trolley road.

In

Co.,

which see below.

r

STOCK, Bonds, Etc. Miles.
Stock, $350,000
1st mortgage for
$350,000, gold..

Date.

Interest.

VOL. LXXXII.

Outstand'g

Maturity.

$350,000
350,000

14-25 1893 6g. F-A
1923
Interest at Farmers' L. & T. Co., N. Y., Trustee.
Bonds—The bonds unissued may be sold at the company's discretion.
ROAD— Owns 24 miles of trolley road, including the West End road.
Officers.— Pres., J. D. Horsley; Sec. & Treas., R. D. Apperson;
Gen'l Manager, W. H. Ragland.— V. 77, p. 2390« V. 81, p. 179^.
5

(

MONTGOMERY TRACTIONAfter -A
CO
Alabama.

trolley road.
default in 1904 on
the $318,000 bonds of 1»03, followed by a receivership in Feb., 1905,
control of road changed hands in Mar., 1905, and the new mortgage
in table below was made. V. *0. p. 7059, 1424 In Dec, 1905, purchased entire stock of the Montgomery St. Ky., the Montgomery
Suburban Ry. and the Montgomery Amusement Co. for $901,830 and
increased its stock to $2,000,000. V. 81, p. 1792.
Maturity.
Date. Interest. Outstand'g.
STOCK
BONDS—
Stock, $2,000,000 ($100)
$443,000
lstmtge.$2,000,000($l,000) J1905 5g. A O
335,000 April 1.1955
gold, s. f
o* {Int. at Real Est. Trust Co., Phila., Trust.
Bonds—The remaining $1,665,000 bonds are reserved for extensions
and Improvements.
sinking fund of 1 p. c. of bonds outstanding
commences in 1911 and runs to 1920; thereafter 2 p c. per annum.
Bonds are not subject to call.
Road— Operates 8-33 miles of track in Montgomery and to Pickett
Springs. The Montgomery St. Ry. comprises 24 miles additional.
Standard gauge; 70 lb. T and 95-lb. girder rail.
OFFICERS-— Pres., R. D. Apperson, Lynchburg; Sec. and Treas., Chas.
R. Miller.— V. 75, p. 240, 552; V. 80, p. 998, 1059, 1424; V. 81, p. 1792.

Organization— Incorporated

in

&

A

MONTREAL, CANADA.

MONTREAL STREET RY--A

trolley road.
1861. Franchises expire in
1922. In March, 1899. authority was received from the Dominion
Parliament to increase the stock to $10,000,000 from time to time. In
March, 1900, shareholders authorized the issue of $1,000,000 of the new
stock for betterments, new cars, etc. Shareholders were allowed to take
the stock at par. In Sept., 1903, a further addition was made, this stock
also going to stockholders at par.
On June 20, 1901, purchased
the Montreal Park & Island Ry. of 40 miles for $1,100,000. The
purchase includes $967,000 bonds, 3,150 shares of pref. stock and
4,289 shares of com. stock; of the com. stock, $36,950 is still outstanding. The purohase price was met by an issue of new debenture bonds,
as shown below. In Nov., 1905, company proposed to apply to the
Legislature for permission to increase company's capital stock, to
issue bonds, to guarantee sto<k and bonns of other companies and
for various other powers. See V. 81, p. 1550.
Maturity.
Date. Interest. Outstand'g.
STOCK AND BONDS—
Q-FI5 $7,000,O00Nov.'O5 2V/o
Stock, $10,000,000; par $50
Mar.1,'08
Sterling debentures, secured ( 1888
5 M-S
292,000
by trust deed
I Int. at Bank of Montreal, London. Eng.
Sterling debentures, seoured < 1893 44 F-A
681,333 Aug.1,'22
by trust deed
t Int. at Bank of Montreal, London, Eng.
_,
New deb., $1,50,000, gold < 1902 4iag.M-N 1,500,000 Nov.1,'22
($100, $500 and $1,000). o* ) Int. at Bank of Montreal, Montreal.
Loans payable Sept 30, 1905, * 650.000
Under trust deed of Aug. 10, 1893, the debenture 5s and the 4^8 of
1888 are of equal rank.
Dividends— Tun per cent per annum is being paid.
REPORT— Report for year ending Sept. 30, 1905, in V. 81, p. 1434.
Contingent
Balance,
Tear end.
0ros3.
Account.
Dividends.
Surphis.
*Net.
Sepl.30—
1905
$1,502
$2,707,474 $778,169 t$85,000 (10) $691,667
822
713,342
t70,000
(10) 64i,5vsO
1904
2,463,825
9,908
1903
2,222,788
684,908
(10)600,000
t75,000
• After oh arges.
tThls includes a contribution of $25,000 in 1905,
$20,000 In 1904 and $25,000 in 1903 to the fire insurance fund.
ROAD— Operates 129"03 miles of track. In 1905 ontract was made
Power Co. for a supply of power.
with the Montreal Light Heat
OFFICERS— Pres., Hon. L. J. Forget; Vice-Pres., K. W. Blaokwell;
Managing Director, W. G. Ross; Sec, Patrick Dubee; Manager. D.
McDonald.-V.79,p. 2802; V. 80, p 1479; V. 81. p. 1376, 1434, 1550.

Organization— Chartered May

18,

<

&

MOUNT HOLLY,

N.

J.

BURLINGTON COUNTY RAILWAY
Trolley.

CO.-

Organization —Is a consolidation In August, 1904, of the Burlington County Traction Co the Mount Holly Street Ry. and the People's
Traotion Co V. 79, p. 785.
Date.
Interest. Outstanding.
Maturity.
Bonds.—
STOCK
,

&

Stock, $550,00v> ($100)...
1st mtge., $550,000, gold

...

M

$484,790

475,000
Sept. 1, 1934
5g.
S
Trust Co., Trus.
$1,000) ....c* S Int. at Mt. Holly 8. D.
($500
Bond*.— $75,000, reserved for extensions. Bonds are not subject to
call.
V. 74, p. 1307.
Road.- About 18 miles of track from Burlington, through Mt. Holly
and Hainesport, to Moorestown.
OFFICERS.— Pres't, J. K. Bougher, Phila.; Vloe-Pres., I. A. Sweigard,
Phila.; Seo'y, John S. Gilbert, Hainesport, N. J.; Treas., Wm. Kuemmerle Jr., Phila.— V. 74, p. 1138; V. 79, p. 785, 2146.

&

)

1904

&

MUNCIE, IND.
HARTFORD & FORT WAYNE
MUNCIE road.
RY-A trolley
Organization— Incorporated In Indiana In July, 1901. Commenced
operations Feb., 1903. Operates over private right of way between
oltieB and towns. Franchises run for 35 and 50 years from 1902.
Maturity.
OuUtand'g.
Date.
Interest.
Bonds—
STOCK
Jan.,'06,%%.
$1,000,000
Stock, $1,000,000 ($100)
Jan. 1, 1935
1,000.000
1st mortge., $1,000,000,) 1904 5 g. J.-J.
c* 5 Int. at Guard. Sav.4Tr.Co., Cleve., Trustee.
gold ($1,000)
called Jan 1, 1925, or after, at par. A sinking fund
Bonds Can be
of 5 p. c of gross earnings per annum commences July 1, 1905.
Dividends -Tae first dividend— % p. c —was paid Jan. 10, 1905, and
% p. 0. was again paid Apr. 15, 1905; July 15, % p. c Oct., % p. 0.
In 1906, Jan %. p. c.
Earnings— For oalendar years:
Net.
Gross.
Oper. exp.d taxes.

&

—

;

,

1905
1904
1903

$171,147
181,201
115,399

$85,017
£3.835
54,962

$86,130
97,3«6
60,347

Road— Operates 44*15 miles of track from Munoie to Bluffton, Dasslng through Eaton, Hartford City, Montpelier, Keystone and Poneto.
Standard gauge; 70 lb. T rail between cities; in Muncie 98-lb. girder
and in Bluffton 95-lb. girder rails. Owns power-house and park of 37
acres at Eaton, 12 double- truck interurban cars.
OFFICERS— President, S. M. Hexter, Cleveland; Vice-Pres., A. L.
Johnson, Muncie; Sec'y, F. M. Osborno, Cleveland: Asst. Sec, A. Lewenthal, Cleveland; Treas., J. C. Gilchrist, Cleveland; Man., Louis J.
Hexter, Eaton. -V. 79, p. 2643, 2796; V. 80, p. 1059; V. 81, p. 31, 559.

—

J
J

.

;

STREET RAILWAYS.
NAZARETH, PA.
MUSCATINE, IOWA.
BELT ELECTRIC ST. RY.-

59

Feb., L906.J

CITIZENS' RY. &

LIGHT

CO- -Trolley and light.

Organization— Incorporated in Iowa in 1902 as successor to the
Muscatine Eleo. Ry. Owns all the street railway, gas and electric
properties in the city. In Mar. ,'04, granted new franchise for 25 years.

STOCK

<fc

Date.

BONDS—

Stock, $600,000

1

Interest.

Outstand'g.

Maturity.

$600,000
Apr. 1, 1917
400,000
Int at Cleveland Trust Co., Cleveland,

1902 5g.A-0

»
l8 t™°rt., ,„n nnn gold. >
$400,000,
c &t
($500)
Trustee, or at Nat. Bk. of Commerce, N. Y
^
Bonds.—Are subject to call at 110 and interest on any interest date.
sinking fund, commencing in 1907, consists of a sum sufficient to
retire $15,000 bonds yearly at 105 and interest.
Annual REPORT— For calendaryear 1905, gross, $126,692; net, $57,000. In 1904 gross, $112,130; net, after taxes. <fec. $41,484.
ROAD— Operates 8 miles of traoK. Standard gauge.
Vice-President, J.
Officers— President,
R. Swearengen, Muscatine, la.; Sec. and Treas., H. W. Huttig, Musoatine, la.—V. 74, p. 1354.
_
••

„ia (

A

,

;

MUSKEGON, MICH.

MUSKEGON TRACTION & LIGHTING CO
entire stook was acquired by the American Light

&
In Jan., 1906.
Traction Co. V. 82, p. 49.
Organization— Incorporated in Michigan on March 1, 1901, and Is
a consolidation of the street railway, electrio light and gas companies
of the city. Has ten-year contract from 1901 for city street light. In
Dec, 1905, extended the street railway franchise until Jan. 19, 1931,
and the gas franchise for 5 years. See V. 81, p. 1724.
STOCK

&

BONDS—

Date.

Interest.

m „

Flre *

„™*„„„o
6

gold "SSrtgSS
($1,000)

*

Bonds- May be
lHvidends— On

1904, 6

p.

Outstand'g.

Maturity.

$600,000
Se< text.
63,000
6
cum
600,000 Mar. 1,1931
tmn nnn '£ 1901 5 g. Wyoming Valley Trust Co.,
600 000 ) Interest at
$

Stock, $600,000 ($100)
Preferred, $100,000,6%

MS

'

) Wilkesbarre, Pa., Trustee.
called after ten years at 105.
preferred stock, in 1902, 6 p. c; in 1903, 6 p. c; in

c; in 1905, 6 p.

C.

Oper. exp.,

REPORT— Tear end. Feb.

Gross.

Street railway
Electrio light

tax*s,i7is.

Net.

$84,681

2S, iqoj.

$58,252
20,369
29,053
10,725

$26,429
17,002
19,207

37,371

48,260
7,958

Gas....Lake Michigan Park

def.2,767

$118,399
$59,871
Total
Road-— Owns 15 miles of road and serves as a terminal for the Grand
Rapids Grand Haven & Muskegon Ry., which operates40 miles of track
between points indicated in the title.
OFFICERS.— Pies., H. C. Abell; Vice-Pres., Emerson McMillin; Sec.
and Treas.. David D Erwin, Muskegon;- V. 76, p. 543; V. aO, p. 1235;
$178,270

V. 81, p. 1724; V. 82, p.

4tf.

NASHVILLE, TENN.

NASHVILLE

RY- &

LIGHT CO-a trolley Bystem.

Organization— Incorporated in Tennessee. Is a reorganization on
June 26, 1903, of the Nashville Railway Co., sold under forolosure of
the tatter's 1st consol. mortgage. The Nashville Ry. was a consolidation in 1900 of the Nashville Street Railway, the Nashville & Sub
urban and the Citizens' Rapid Transit. All the stook of the Cumberland
Electrio Light A Power was owned and in July, 1903. this Company
was merged. Also controls the Union Light & Power Co. Includes
the street railways in Nashville. Franchises perpetual.
Date.
Interest. Outstand'g.
BONDS
STOCK

all

&

Common, $4,000,000

Maturity.

$3 500,000

J-J
1,995,500 Jan.,'06,2»V%
Pre!., 5% cum., $2.500.000
6g. J-J
60,000 July 1, 1910
Citizens' Rapid Transit 1st S 1890
M., $100,000, gold.
I Int. at Trust Co. of Nor. Am., Philadelphia

1886
6 J65,000 July 1, 1926
2dserles
485,000 July 1, 1937
1887
6J-J
Nashv. & Edgetleld IstM. ..
1889
6 J274,000 Jan. I,iy20
1917-18
Consol. mort., $400,000.. 1887-8 6 J -J
100.000
Union L. & P. Co.. 1st M.,> 1894 6 g. M-S
5,000 Sept. 1, 1 924
8.f., $100.000,g.($ 1,000)0* 5 Amer. Loan & Trust Co., Boston, Trustee.
N
1895 5g.J-J
907,000 Jnlyl,1925
$2%0?000,foidTi:oOO
Nash. Ry. & L't consol. M.,( 1903 5 g. J-J
4,054,000 Julyl.1953
$6,000,000, gold ($1,000), < Int. at Guaranty Tr. Co., N. Y.. Trustee,
sinking fund.
and at New Orleans.
c*C
Bonds— Of the $6,000,000 issue, $2,014,000 are reserved for prior
liens and the remainder for future requirements at 80 p. c. of cost.
Are subject to oall after five years at 107*2. Sinking fund, $30,000
per annum, commences July 1, 1914, but only If oompany has a surplus
above chargesjand dlv. on preferred stock; bonds to be kept alive In
sinking fund. There is a sinking fund for the Union Light & Power
bonds of $3,000 per annum and bonds must be called at not exceeding
par and Int. for this purpose.
Dividend* The first dividend on pref. stock— 2^ p. o.— was paid
Jan. 1, 1905, and 1H p. o. May 1, 1905, and 2*2 p. c. July 10, 1905. In
1906, 2 Hn. c.
Earnings—Year ending Dec. 31, 1905: Gross. $1,174,377; net, $583-,
785; interest and taxes, $424,260, surplus, $159,525. See report in V.

McG.&Mt.V.Sum'rSt.lstM.

Do

M

1

—

82, p. 332.

Road—Operates about 72 miles of track. Has been changed from
broad to standard guage. Extensions planned.
OFFICERS— Pres. and Mgr., Percy Warner; Vice-Pres., J. H. Fall; Sec.
& Treas., N. P. Yeatman— V. 79, p. 152,1266, 2643, 2796; V. 80, p.
2632; V. 81, p. 976, 1666; V. 82, p 332.
.

NATCHEZ,

MISS.

SOUTHERN LIGHT & TRACTION CO. -Street

railway, gas and electric.
Is controlled by Southern Electrio Securities Co. and $340,000 of
the stock and $266,000 of the bonds are pledged under the mortgage
of that company.- V. 79, p. 104.
ORGANIZATION— Incorporated in Louisiana in 1903, and is a consolidation ot the Natchez Electrio Street Ry. & Power Co.. the Natchez
Light, Power & Transit Co. and the Natchez Gaa Light Co. Gas franchise perpetual; street railway and electric lighting franchises expire
in 1949. Does the entire street railway, gas, electrio lighting and
power business of Natohez. Has contract with city for street lighting.
Dale.
Interest.
Maturity.
Outttunding.
BONDS.—
STOCK
Stock, $500,000, $100
$456,700
1B
Apr. 15, '33
340,000
1st Mte-e
«500 000> 1903 5 «• A °
Int at Inter-State Tr. & Bkg. Co., New Orleans,
»nirt t»i,ww»
n
goiu linwi
o* t
Trustee, or at First Nat. Bank. New York.
^
Bonds— $160,000 are reserved for betterments and extensions. Are
subject to call on or after April 15, 1906, at 105 and interest. See V.
76. p. 1086.
Earnings For 12 months ending Mar. 31, 1905 (Gas Light Co. not
Included) Gross, $97,955; net, after taxes, $29,923.
Road— Operates about 7 miles of track.
Officers— Pres., S. 8 Bullis; Vice Pres., Sol Wexler, New Orleans;
Secretary, W. B. Spencer— V. 76, p 1086; V.79, p. 104.

&

-

:

SLATE Incorporated
Organization—

A.

trolley road.

Pennsylvania on Feb. 14. 1H99.
Was formerly leased to the Lehigh Valley Traction Co. but lease can-

celed

on Mav

10, 1904,

& BONDS
$360,000 ($50)

to default in payment of rental.
Date.
Maturity.
Interest. Outstand'g.

owing

-

STOCK

in

$360,000
Stock,
1929
5 g. J-D
360,000
1st mtge. $360,000, gold) 1898
c&rs Int. at Lehigh Val.Tr A S.D.Co.,AUent.,Trust.
($1,000)
Bonas— Are subjeot to call after 5 years at 105.
EARNINGS— For fiscal year ending June 30, 1905, gross, $44,176.
Road 1» miles of traok from Nazareth to Bangor. 67-lb. rail.
OFFICERS— President, G. A. Schneebeli; Secretary, R. B. Keys; Treasurer, C. A. Wolle; Manager, Geo. H. Wolle.

NETHERLANDS (HOLLAND).
NETHERLANDS TRAMWAYS CORPORAroad.
TION.— An
electric

in Connecticut on December 11, 1902.
the entire issue of capital stock (600,000 guilders), of the Eerste
Nederlandsche Electrische Tram Maatschappy (First NetherlandTram
Company), which owns all of the street railways in the city of Haarlem, Holland, with the exception of 2 miles of horse railroad, and a
line to Zandvoort, on the North Sea, the second largest Dutch seaside

Organization— Incorporated

Owns

resort.

The Netherlands Tramways Corporation also owns the entire capwhich
stock of the Electrische Spoorweg Maatschappy,
operating, under concessions from the Government of the
Is
Netherlands, a double-track electrio railroad from the centor of Amsterdam to Haarlem, a distance of about 12 miles, thus comThe bond
pleting a through line from Amsterdam to Zandvoort.
issue of this company, 3,000,000 guilders, 4% ($1,200,000), was all
placed and is owned in Holland. Its stock was subscribed for at par
by the Netherlands Tramways Corporation, the present owner of the
stock, and the cost 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 partly
ital

Tramways Corporation.
Maturity
Date. Interest. Outstanding.
($t00)
$2,000,000
Pref, 5 p. c, cum., $1,500,- >
1,500,000
000 ($100)
..\
Elec. Spoor. Maatschappy >
~ nnn nnn
c
3
4 J-J
mtge., 3,000,000 gulL [ 1903
ffier7 Jan. 1, 1953
K^maers
'
gull. )
($1,200,000). 1,000
.Bonds-Bonds are subjeot to call after December, 1905, at par.
The Eerst Ned. Tram El. Maatschappy has an issue of 695,000 guilders
($278,000) bonds outstanding.
Road— Owns 68 miles in City of Haarlem; 1*8 miles, Haarlem to
Bioemendaal and 6-6 miles double track, or 13*2 miles single track
from Haarlem to Zandvoort, 12 miles double track from Haarlem to
by sale of

its

stock to the Netherlands

Stock & Bonds—
Common, $2,00t>,000

Amsterdam; total, 45 8 miles.
OFFICERS— Pres., Henry J. Pieroe, Buffalo. Vice Pres., G. L. Boissevain, New York; Secretary, W. Paxton Little, New York; Treasurer,
Edwin Henderson, New York; Fiscal Agents, Kean, Van Cortlandt &
Co., New York.— V. 76, p. 331.
-

NEW

ALBANY,

IND.

UNITED GAS & ELECTRIC

COOrganization— Incorporated in Indiana in 1902 and acquired the
New Albany Street Ry.. New Albany Gaslight & Coke Co., New Albany Light, Heat & Power Co., Jeffersonville Electrio Light, Heating,
Gas & Coke Co. and Jeffersonville Light de Water Co also controls the
Louisville A Southern Indiana Traction Co. Franchises, 45 years in
;

New Albany and 50 years

in Jeffersonville

Guarantees the

from 1902.

Ry. Co. The New Alowned by the same interests. V. 80, p. 1236.
bany Water Works Co.
The Louisville & Northern Ry. & Ltg. Co. was organized in Dec,
1905, with $3,500,000 common and $1,500,000 pref. stock and $500,000 bonds to build 20 miles of road to Charlestown via Watson and
from Watson to 8ellersburg. At the latt-r point connection will be

$250,000 1st mtge. bonds of

New Albany

St.

is

made with th» Indlanap.
mour to connect with the
line

from

Stock

Lonisv. Trac. Co .which is building to SeyInd. Col. & South. This will give a through
Indianapolis to Louisville. V. 81. p. 1794.
Maturity.
Date.
Interest. Outstanding.
Bonds—

&

8took, $1,000,000,

M

<fc

$100

$1,000,000

1902

750,000
See text.
5 g. J-J.
Interest at American Trust
Savings B'k,
Trustee, and at Eliot Nat. B'k. Boston.
( Cnl0
2-*3,000
1st cons, mtge., $1,500, ) 1904
5 e. J-J.
^ee text.
000, gold (*500 and > Int. at Amer. Trnst & ?(av. Bank, Chicago,
e*> Trustee, or at Eliot Nat Bank, Boston.
$1,000)
Boi,d<— $750,000 new consols are reserved to retire a like amount
of first 5s. Both issues mature serially from 1907 to 1942, but the
bonds of 1902 may be called after July 1, 1912, at 105 and interest;
the new consols after July 1, lv>24, at 105 and interest. See V. 79, p.
2458.
Officers— President, Samuel Insull, Chicago; Vice-Pres. and Treas.,
R. W. Waite; Sec, J. D. English; bupt.. J. W. Dunbar. V. 80, p. 1236;
V. 81, p. 1794.
lsr,mort*ra
<B75O0OO (
„* S
Zrtf?7f ^nn'nV
goia tsta.vuu)
c

&

'

t

LOUISVILLE & SOUTHERN INDIANA TRACTION CO.
Organization-— Incorporated in Indiana under the General Railroad Laws In 1903, and is successor to the So. Indiana 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. in Sept., 1904, acquired the Highland RR. for
$10,000 in bonds; V. 79, p. 1643. In Dec, 190), aoquired the Jeffersonville City Ry. See V. 81, p. 1792. Is controlled by the United Gas
& Electric Co., which see above. Franchises owned are for 50 years
(1)

also permitted to carry freight.
Date.
BONDS—
STOCK
Common, $2,0^ 0,000 ($10)

&

6 96

11

1'

Interest.

Outstand'g.

Maturity.

$2,000,000

000 000

400 000
^(li'o ) .!!" ::*
^
1903 5 «•
S15
1.000,000 Sept. 15, '23
1st
Vl OOO 000 (
™»w ($oou <x $i,ww).o ^ Int at Amer TruBt & 8av Bank Chicago,
*i oom «'3
goia
and v 8 XrnBt Co Loul9viUe( Trustees.
New Alb. St. Ry., $250,000, >
5 F-A
250,000 Aug.1,1927
guar. p.& 1..-.
Int. at United States Trust Co., Louisville.
Bonds.— No sinking fund, but bonds are subject to oall after 10 years
at 105 and interest. See V. 77, p. 769, 2339. The New Albany St. Ry.
bonds are subjectto call on any interest date atl05 and are guaranteed
'

-

M

morbMM

So§*

-

-

-

-

(

<,

by United Gas & Electric.
EARNINGS— For years ending Aug. 31, before Louisville extension

was

in operation:
Tear.
1905...,

Gross.

$133,081
122,484

1S04

Oper. Exp.

$39,626

Net.

$32,858

of track, including lO^a miles leased from
New Albany St. Ry., and also line between New Albany and Jeffersonville, and city lines in Jeflersonville. An extension to Louisville

ROAD-— Operates 33 miles

was completed

in

September. 1905

Has contract with "Big Four"

RR. for use of

its bridge over Ohio River and with Louisville Ry.
Co., allowing its cars to enter Louisville. Has erected an interurban
terminal on Third St., Louisville. Girder rails, 90 lbs.,
rails 75 and

T

77Vlbs.

—

1

STREET RAILWAYS

60

Officers-— President, Samuel Instill, Chicago; Viee-Pres. andTreaa.,
R. W. Waite; Secretary, J. O. Engllsh.-V. 78, p. 2012; V. 81, p. 1792.

NEW BEDFORD, MASS.
DARTMOUTH & WESTPORT STREET RY.An
electric road.

Organization, Etc.— Stock, $150,000; 1st mort., $150,000, dated
1895, gold, c* ($1,000 each), 5s A-O, issued $90,000, due April 1, 1915,
trustee, International Trust Co.. Boston, where interest is payable.
••Current liabilities" Sept. 30, 1905, $102,835.
Dividends— 8 p.o. for several years.
ROAD -Connects cities of Fall River and New Bedford. Owns 16*08
miles of track and operates in all 28*77 miles of main traok.
Earnings—Fiscal year ending sept. 30, 1905, gross, $154,499; net.
$52,674; int.and taxes, $14,970; dividends, $12,000; surplus, $25,704.
Officers— Pres., H. H. Crapo of New Bedford; Vice-Pres., Thos. B.
Tripp; Treas., E. S. Wilde, New Bedford Sec, Robt. 0. Goff. Fall River.
;

NEW BEDFORD

& ONSET STREET RY.-A

trolley road.

Organization— Incorporated in Massachusetts in 1901. This company is owned in the same interest as the Union Ry. Co.
Maturity.
Date. Interest. Outstand'g.
STOCK & BONDS—
$500,000

Stock, $500,000, $100

lstmorte-a^e

1m
gom

OO0

<R=>00

nnm

m
c

'

1I1
cui.uuu-

1902 5ar. J-.T
280.000 Jan. 1, 1922
(
< Int. at International Tr. Co.. Boston, Trustee.
(
sinking fund and not subject to call.

No

Floating debt Sept. 30, 1905
$51,500
Road- Owns 21-85 miles of track on 16 miles of road between Fairhaven and Onset.
Earnings— For year ending Sept. 30, 1905, gross, $75,706; net,
$37,720; interest and taxes, $21,096; surplus. $16,624.
Officers— Pres., H. H. Crapo; Vice-Pres.. Thos. B. Tripp; Sec, Clarence A. Cook; Treas., Elton S. Wilde; Man. E. E. Potter.—V. 74, p. 327.

UNION STREET RAILW AY -A trolley road.

Organization— Incorporated March 18, 1887.
Date.
Interest. Outstand'g. Last div., etc
STOCK & Bonds—

Stock, $900,000(par$100)
Q-F $900,000 In '04 '05,8%
Cons. M. for $500,000, g..< 1894
400,000 Jan. 2, 1914
5gJ-J
s. f., 0*, not subj. to call \ Int. at Old Colony Trust Co., Boston, trustee.
Notes payable on Sept. 30, 1905
$133,091
Dividends— In 1896-97, 10 per cent; in 1897-98, 6 p. c; 1898-99 to
•04-05, inclusive, 8 p.

c.

Road— Owns 30*46 miles of track.
Earnings— For years ending Sept.
1905.
Gross earns. ..$371,562

30.

1905.

1901.

1904.

$365,409 Dividends paid.. $72 000 $72,000
Net
161,787
126,959 Bal.,sur., for year 9,280
5,970
Int.,taxes,etc
80,507
48,989
OFFICERS— Pres., H. H. Crapo; Vice-Pres., Thos. B. Tripp; Sec,
C. A. Cook; Treas., E. S. Wilde; Supt., E. E. Potter, all of New Bedford.-V. 63, p. 1061; V. 70, p. 947, 1050; V. 75, p. 1088.
|

I

|

NEW HAVEnTcONN.

CONSOLIDATED RAILWAY CO--A trolley road.
Is controlled by the New York New Haven & Hartford RR., which

owns all the stock and $3,500,000 of the debentures.
Organization— This company was formerly known as the Worcester
& Conn. Eastern RR but name was changed in May, 1904. The fol,

PeoDle's Tramway Co.
Spring.* Ea-t.ScRy. V.8], d.1'75.1316.
Springfield st. Ky. V. 80, p. 1236, 1388.
Stamford St. Ry.
S uthbr d«e ASt'irbrdge St. Ry.
Suttield St. Ry. V. SO, p. 1914.
Village Water Co. V. 80, p. 1914.
w ebsier <* Uudley St. Ry.
Western Mass. st. Ry. V. 81. p. 1611.

8l. p. 155, 21".

Danic.son

Norwich

<£

Ry. V,

St.

r'9,

p.

2B8.

East Rartford

A Glastonbury

St. Ry.
V.78. p. 989.
V. 80, p. 118.
V.8.-. p. 280.

Fair Haven <* We»tv. RR.
Green wu b Traruwuv Co.
Hart Man.&Rockv.T.to.
Hartford st Ky.
M«ilden Elctr cRy. V 79, p. 263.
Meride Hors RR. V. 79 p. 2>K
Ry. V. 79, i>. 268.
V. 79, p. 268
Centerville St. Ry.

WestShoreR-.
v\ ill.

WinclK'ftec

W

St.

Rv.

New Hav^u A

Ave

Hy.

V. 7s,

p. ((89.

rrester & Rlickstone Val. St. Ry.
Worcester & Connecticut Eastern RR.
V. 79. D. UK
ro orces Roeh. * Chnrl. D. St. Ry.
Worcester A -'oath bridge St. Ry.
"A orcester & Webster St. Ry.
Woronoco St. Ry. V. 80, p. 1480; V. 81,

.

Montville

Co- V. 78. p. 989.
trantic Trac. Co. V. si, p. 1176.

V.

78. v. 9-sf.

New Haven St. Ry. V. 79. p. 989.
New 1. mdon St. Ry. V. 79, p. 268
N V. £ Stamford Kr. V. so, p. 118.

Norwich St. Rv. V. 79. p. 8H&
p. B
In March. 1905, purchased control of the Springfield St. Ry. and
formed a holding company to own its stock. V. 80, p. 1236, 1363. In
Oct., 905, the Springfield St. Ry. leased the Springfield & Eastern
St. Ry. V. 81, p. 1175. See statement of that company below.
Date.
Interest. Outstand'g.
STOCK
Maturity.
Bonds—
Stock, $10,000,000
$10,000,000 June30,'05,2%
D
e8
$9 000 ?°
Iff*
1905 4 «• J J 7,362,100 { ;}«£
mO0O,
r
•f>i,uuu>
c&r \ Int. }N.Y.N.H.&H.RR'sofhce.N. J;
at
Haven
t
Debentures, $1,000,000... 1905 3-4 g. F-A
915,900 Feb. 1,1930
Debentures, $3,500,000.
1905 4 g. A-O
3,500,000 Apr. 1, 1955
N. H. <fe Centerville 1st M., ) ,„„„
)

1

1

Date.

<k

'

'

'

(

5g M-S

gold.assum'dbyF.H.&W!

283,000

Sept. 1, 1933

>

Interest.

1901

*

'

'

*

j

.

M

.

.

'.

—

Meriden Electric RR. Co

$415,000)
$101,000
85,000 J
500,000*
& Southb. St. Ry
124,000
2DO.OO0
Do
Do
StamfordSt. RR
75,000
75,000
Worcester & Webster St. Ry
150,000
93,000
Webster & Dudley St Ry.
30,000
30.000
East Hart. & Glastonbury St. Ry
200,000
197,500
Bonds— The Consolidated Ry. debentures are not subject to call. All
the debentures have printed on their face the statement that if a
mortgage is made on any or all of the company's property which was
owned on Jan. 1. 1905, exeept to renew existing mortgages, the debentures shall participate in the security of such mortgage. The debentures due in 1930 bear 3 p. c. interest from Feb. 1, 1905, for first
5 years, 3^ p. 0. for next 5 years and 4 p.-c for following 15 years, and
were issued to pay for acquiring the Berkshire St. Ry. V. 80, p. 471.
The (83.500,000 debentures due Apr. 1. 1955, were issued to acquire
the Hartford St. Ry. and are all owned by the N. Y. N. H. & H. RR.
The Winchester Avenue bonds are joint obligations of the Winchester Avenue RR. Co. and the New Haven & West Haven and cover all
property owned or to be hereafter acquired under the charters. Of
the Worcester & Connecticut Eastern bonds, $1,050,000 are reserved
for extensions and improvements at 75 per cent of cost. A sinking
fund on these bonds commences in 1908, when *10 per bond is payable
yearly. Bonds can not be called, but may be bought on 3% p. 0. basis
or better,
»nd kept alive for sinking fund. See" V. 75, p.
1204. Of the Montville Street By. first mortgage gold bonds,
the balance unissued can only be issued for 66 per cent of actual

Do

Do

Worcester

<;

improvements or additions to property. Original
mortgage of the Montville St. Ry. provided that bonds might be called
in 1905 at 105, but through a supplemental mortgage this redemption
clause was eliminated, so bonds are not now subject to call. On the
Worcester & Webster bonds +3.000 is payable annually into a sinking
fund Th>-8e bonds cannot be called before maturity. The Willimantic
Ti action Co. bonis are subject to call as an entirety at 110 and interest. The two issues of bonds of the Worcester & Southb. St. Ry. are
secured by the same mortgage, the mtge. providing that bonds oan be
issued up to $1,000,000, and are to bear date of issue and be payable
20 years after date.
Dividends -The first dividend— 2 p. c— was paid June 30, 1905.
certified cost of

Earnings—The following figures include the operations

which had been acquired before the close of too

fiscal

of all lines

year ending

June

30, 1905.
Figures are for year ending June 30, 1905:
Gross earnings
$4,567,979 Total inrome
$1,695,748
Operating expenses.... 2,885,622 Fixed charges
1,264.414
Dividends
200,000
Net earnings.
$1,682,3*7
Surplus
Other income
13,391
$231,334
The, figures given below show operations of companies acquired
since the close of the fiscal year 1905:

Hart Mrt« <fc WiMmnntic
Rockn'eTmy.i o
Trai

Tear ernlivg—
Gross earnings

June

30. 1905.

J«..f3o,1906.

Stamford
St. RR.

Jvne

:<0.

1905.

Branford

Ug&W.Co.
June 3".

1906.

$147,794
Operating expenses 113,687

$33,129
22,436

$107,097
75,342

$49,690
13,192

Net earnings
Fixed charges
Dividends

$34,107
15,458

$10,693
14,835

$31,755
20,427

$36,498
i 0.715
6,000

$18,649

$4,142
Woronoco

8uiplu8

&

'

Vol. lxxxii.

Outstandina.
Maturity.
5 g. A-O
$426,0(J0 Oot. 1, 1931
5 Int. at N. Y. Sec. & Tr. Co., N. Y. .Trustee.
320,000 July 1,1931
Green Tram 1st mnrt'e-e < 1901 5 8' J J
g
$400 OOoT$l 000?T o ] lEt at N Y Security <fc Trust Co., N. Y.
•t>4uu,*juo(!t.i,ooo),g....c
state Treas. of Connecticut. Trustee.
£
Berkshire Street Rv. 1st (1902 5 e. J-D
800,000 June 1, 1922
mortgage, $800,000, gold < Girard Trust Co.. Phlladelphia.Trustee.
($1,000)
c* ( Interest at N. W. Harris & Co., Boston.
1, '14.
Middletown Horse RR., 1st 1894
180,000 SDeo 1915.
gold ($500). ....
I 5 M-N \
Woronoco St. Rv. 1 st
75.000
1920
1900
. .
5g.
West Mass. St Ry. mtge.. 1905
19i5
200.000
5
Branf. Ltg. & W. istM
63,000
1937
lS^ 5g.A-0
Branf. Ltg. & W. 2d M. .. 1901 5g F-A
287,000
1951
Will. Tr. 1st mtge. $350,-)19u4
240.000 Jan 1, 1924
5 g. J J
000 gold ($1,000)
c* s Int. at Massachusetts Trust Co.. Boston.
a The consolidated Ry. owns a considerable amount of bonds of its
subsidiary companies. In the following table we show the amount
outstanding and the a noun t owned by Consolidated Ry. Co,
Same of Company
Oustanrting.
Owned.

BONDS

Stam. 1st M.,$450„
000 ($1,000), gold
c*

N. Y.

lowing companies have been absorbed or are leased or controlled:
Berkshire St Ry. V. 80. p. 471.
Branford Luhuag & Water Co

&

STOCK

[

8vffleld
st.

June

Tear ending—

Gross earnings
Operating expenses

Rv.
Ho, 1905.

St.

Rv.

Sent. 30, lv 05.

$11,328
N. T. & St.
Railway.

June

HO. 1905.

$92,720
60,732

$132,643
90,863

$5,640
1,521
2,000

Net earnings
Fixed charges
Dividends

$19,051
13,411

$31,988
15,833
15,000

$9.7b3
Svringfield

&

East. at. Rv.
St

m. 30. 190?.

$41,780
27,135

$114,347

New Haven Street Ry.—

Surplus
$2,119
$14,645
$1,155
$10,670
M-S 600,000 Sept. 1, 1913
Road— Operates all lines in New Haven and suburbs, 119*005 miles;
L. & Tr. Co., Boston, Trustee.
lstpurch'eM.$250,000g.c. 1894 5
J-D
250,000 June 1, 1914 a line from East Haven to Branford, 8*093 miles; all lines in Hartford
and suburbs, 88 849 miles; all lines in Springfield and vicinity, 93*75
$1,000 not subj. to call... Int. at Am. L. & Tr. Co., Boston, Trustee.
Winchester Ave., 1st mort., 1892 5 g. M-N
500,000 Nov. 1, 191? miles; all lines in Stamford and suburb*. 18389 miles; a line from the
Massachusetts State Line ro Suffield, 4*706 miles; all roads in Meriden,
gold
o*<fer
Int. at Boston Safe Dep. & Tr. Co., Boston.
West Shore Ry. l«t M., ) 1894
5 J-J
30,000 July 1, 1914 lnoluding line to WalliDgford, 20*3 miles, and also the city lines In
$30,000, g., subj. to call.. 5 Int. at Merchants' Nat. Bank, New Haven. New London, 9094 miles; a line between Norwich and New London,
Wor. & South. 1st mtge.,) 1902 4>*g. M-S a500 000 Sept. 1, 1922 10*463 miles; citv lines in Norwich, 17*004 miles; a line from New Rochelle (where connection is made with New York City Ry.) to Stamford,
(See text),gol& ($1,000). c* J Int. at Internat. Trust Co., Boston. Trus.
1st mort., gold ($600,000)..

)

1893 5

]

$500and$l,000

Int. at

g.

Am.

)

S
)

5

Wor. & South, mtg. (See text) 1905
4>«g.
a200,000 June 1,1925
Stam. St. RR.lst M..$75,000 1889 5 F-A
a75,000 Aug. 1, 1909
Wor & Web. 1st M., $150.-) 1899 5g.M-N al50,000 Nov. 1, 1919
000 ($1,000), gold --..0*5 Int. at International Tr Co., Boston, Trus.
Webster & Dudley mort
5
a30,000
East H.&Glastb. debentures > 1SQ7 c T ~ t>
a9nnnnn n .„ 1, 1927
1897 5 J n
a200,000 Dec. , ,„„„
guar., red. Dec 1, 1900.... (
Hart. St Ry. new 1st M.,$3,-) 1900 4g.M-S
2,500,000 Sept. 1, 1930
000,000, gold <$1 ,000) c* 5 Conn. Tr. & Safe Dep. Co., Hartford, Trus.
Hart. St. Ry. debentures
4 J-J
1903
115,000 Jan. 1, 1930
Hurt St Ry. debentures
1W03 4 J-J
145.000 Jan. 1, 1930
Wor.& Conn. 1st M.,sf.,g.,) 1902 4'mg.JJ 1,992,000 Jan. 1, 1943
. .

$3,100,000 ($l,000)....c* Int'st at N. Y. Security & Tr. Co., Trustee.
Man. & Rock. 1st M.,) 1894
5 A-0
200,000 Oct. 1, 1924
$300,000 ($1,000). g
$
Meriden Horse RR. let M., ) 1891
'a85,000 JOct. 1, 1911
5 A-O
$100,000 ($1,000)
S Interest at Girard Trust Co. of Philadel'a.
a415,000 Jan. 1, 1924
5 g. J-J
( 1894
-n Horse RR 1st,
1 mterest at Girard Trust Co., Philadelphia
*-,nnnnn
ia, -jjou-j.-juu
^ state Trea8Urer of Connecticut, Trustee.
New London Street Ry. 1st) 1893 5 g. A-O
150,000 Oct, 1, 1923
M., $150,000, gold
5 Int. at Am. Loan & Tr. Co., Boston.
Norwich Street Ry. 1st M., ) 1893 5 g. A-O
350,000 Oct. 1, 1923
$350,000. gold, $1,000.... S Int. at Am. Loan & Trust Co., Boston.
Mor.tville Street Rv. 1st M., ( 1900 5 g. M-N
250,000 May 1, 1920
$350,000 ($1,000) gold-? Interest at Amerioan Loan & Trust Co.,
(cannot be called)
c* ( Boston.
<;

M

'

25*562 miles; a line from Pittsfleld, Mass., to Great Barrlngton, Mass.,
Ac, 40*183 miles; a line from Worcester to Whitinsville, 15 740 miles;
city lines in Middletown and Portland, 10*410 miles; a line from Worcester, Mass., to Southbridge, Mass., 27030 miles; a line from Willimantic to Baltic (where connection is made to Norwich). 11 miles; a
line from Monson to Ware, from Palmer to Three Rivers and from
Palmer to Ludlow, 29 miles; a line from Hartford to Manchester and
Kockville, 18 miles; a line connecting Springfield and Holyoke, 16*928
miles; and a line from Worcester, Mass., to Danielson, Conn., with
branches, 51*040 miles. Including other lines, total track operated
about 635 miles.
Officers— Pres., C. S. Mellen; 1st Vice-Pres E. H. McHenrr; 2d
Vice-Pres., H. M. Koohersperger; Sec J. G. Parker; Treas., A. S. May.—
V. 81, p. 155. 210, 613, 777, 104-1, 1174, 1609; V. 82, p. 280.
(I) SPRINGFIELD RAILWAYS CO.-A holding company.
Organization,— Formed in March, 1905, to hold a majority of the
stock of the Springfield St. Ry.. which had been purchased by the
Consolidated Ry. Co. Is managed by a board of trustees consisting of
seven members. V. 80, p. 1363.
Date. Interest. Outstanding. LaU Div.
BONDS—
STOCK
All owned by Consolidated Ry. Co.
Common
um guar
c
e
p
'°
,

,

&

% iW.—The

%
4J J
Jan - 6 2 ^
redeemable on or after Jan. 1, 1906, at
105 and accrued dividends. These dividends are guaranteed by Consolidated Ry., as well as their payment, at 105 in case of liquidation
'.

Stock.

or

call.

'.'.-

:(
pref. stock is

::.?.

See V. 80, p. 1363, 1914.

'

-

Damon, J as. J. Storrow,
Mellon. D. Newton Barney, William Skinner and Charles F.
Harris, A. Willard

Trustees— Frederic*

Charles S.
Brooker. V. 80, p. 1363 1914.

la) SPRINGFIELD STREET RY.—A trolley road.
Organization —Incorporated March 5, 1868. In Oct., 1905, leased
the Springfield & Eastern St. Ry. for 25 years at 4 p. o. on the stock.
..
..
V. 81, p. 1175, 1316.
„
„ J
Maturity.
Outstanding.
Interest.
Date.
Stock A. Bonds—
B
Text
Text.
$}.958,406
40C) ($100)
Stock !l,958
QO ,
April, 1923
1 £°°' °Q
4g
New 1st M.,$l,500,000> 1903
o* \ Springfield Safe Dep. & Trust Co., trustee.
gold ($1,000)
Bonds (subject to call ) 1895 4 A _o
100,000 April 1, 1910
aft. Apr. 1.1900)
S
„,«,,-„.>
318,573
Notes payable Sept. 30, 1905,
Bonds.— $100,000 of new 4s are reserved to retire the first 4s.
Dividends— In vearsl893 to 1905. inclusive, 8 per cent per annum.
RoAD —owns 87016 miles (inc. 22-103 miles 2d track) of main traok
and 6-729 miles of sidings. Operates 226 cars.
EARNINGS.— For years endingSept. 30 earnings have been|:
.

,

t

$
$
$
156,672
947,863 Divs.pd. (8%) ..156,672
268,714 Bal.foryear.def.l4,498def.26,515
Total surplus
138,557
146,211
131.713
Sept.30

Gross earn'gs ..1,013,395
294.060
te
151 8S6
"

Net

'

1903-4.

1904-5.

1903-4.

1904-5.

tat^t

'

I

77. p"6*29; V. 80, p. 1236. 1363, 1914; V. 81, p. 1175.
STREET RY.—Trolley.
(6) SPRINGFIELD &
In Oct., 1905. was leased to the Springfield St. Ry.
Organization—
for 25 years at 4 p. e. on stock. V. 81, p. 1175, 1316. This company
was formerly the Palmer & Monson 8t. Ry., but in May, 1901, name
was changed as above.
„
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
See text
$370,000
Stock, IsTO.OOCuilOO)...
Jan. 1, 1922
330,000
1st mortgage, $330,000. J 1902 5g. J.-J.
Springfield, Trus.
c* J Int. at Hampden Tr. Co.,
gold ($1,000)
Loans payable, Sept. 30, 1905, $35,000.
Bo7ids.— Are subject to call after Jan. 1, 1907, at 110; after Jan, 1,
1912, at 107L?. and after Jan. 1. 1917, at 105.
Earnings—For year ending Sept. 30, 1905, gross, $114,347; net,
after interest and taxes, $10,670.
Road— Fifteen miles from Monson through Palmer to Ware, and 5
miles from Palmer to Bondsville and Three Rivers; also an extension
of 9% miles from Palmer to Ludlow; total 29»a miles. Extension from
Ludlow to Springfield (7 m.) contemplated. V. 81, p. 1175, 1316, 1494

—V.

EASTERN

„

&

NEW

LONDON, CONN.
& EAST LYME ST.

NEW LONDON

.

RY.-A

trolley road.

Organization. —Incorporated

Stock & Bonds—
Common, $100
Pref., 6% mm., $100

Date.

in Connecticut.
Outstanding.
Interest.

Maturity.

$80,000
70,000
April 1, 1935
200,000
1905
5 g. A-0
let mtge., $200,000, )
gold ($1,000)... .0* $ Int. at Thames Loan & Trust Co., Norwich.
B>nds — Trustee is Treasurer of State of Connecticut. BondB are
subject to call at any time at 120 and int.
Road -Operates 13 mi es of track from New London to Niantic.
70-lb. T rail. 23 cars. Owns a park in New London.
OFFICERS —Pres., Thomas Hamilton; Sec, F. X. Latimer; Treas.,
Philip C.

Dunford.— V. 81,

p.

1376.

NEW ORLEANS, LA.
ALGIERS GOULDSBORO & GRETNA-

Road— 3-75 miles with animal power. Capital stock, #25,000: bonds
$25,000. Prest., Treas. <fe Supt., A. M. H alliday; Gen. Mgr.,A.Roupuoh.

NEV/ ORLEANS RAILWAY & LIGHT CO.-

Railway and lighting system.

URQANIZATION— Incorporated in Louisiana in June, 1905, as a reorganization of the New Orleans Rys. Co. per plm in V. 80, p. 651.
Old common stockholders p 'id an assessment of $10 per shaie and
receiver! $10 in uew preferred and $35 in new com oon; old preferred
paid $20 assessment and received $20 in new preferred and $100 in
new common Comprises all the street railway and lighting interests
of New Orleans.
The New Orleans Railway & Light Co. owns $2,450,300 of the
$2,499,500 common and $4,819,000 of the $4 991,0i»0 preferred stock
of the New Orleans City RR., the entire $234,700 stock of the Orleans
RR., the entire stock of the New Orleans & Pontchartrain RR., $2,497,
600 of the $2,500,000 common and $4,578,400 of the $1,600,000 pre
ferred stock of the New Orleans & Carrollton RR. Light & Power Co.,
$944,800 of the $953,000 stock of the St. Charles Street RR.. the entire
$2,000,000 stock and $1,894,000 of the $2,000,000 outstanding 5 p. c.
bonds of the New Orleans Lighting Co. (V. 80. p. 2224), and $3,588,800
of the $3.7->0,000 stock of the New Orleans Gas Light Co.
City proposed to build a municipal lighting plant, but bids were rejected in Nov., 1903; contract lor 10 years from Sept. 30, 1905, later
awarded to the New Orleans & rarrollton RR. Light & Power Co., one
of the constituent companies of the New Orleans Railway & Light Co.
Maturity.
Date.
Interest. Outstand'g.
Bonds
Stock
Com., $20,000,000 ($100)
$20,000,000
Pf.5%.,$10,000,000($100)
non-cum
10,000,000 Jan., '0C,1 Mo
N. O. Ry. & Light Co.,) 1905 4^ g. J.-J. 13,623,000 July 1, 1935
gen. mort., $30,000,000 V Interest at New York Trust Co., Trustee, or
.0*) at office of company.
gold ($1,000)
5 g.
3,200,000 July 1, 1943
N. O. City gen. mortgage, ) 1898
$3,250,000, gold.
5 Int. payable at Louisiana Nat. Bank, N. Or.
"J
2,809,500 Jan. 1, 1943
New Orleans Citv * Lake 1893 5 g J

—

&

>

Sub t0 caU for «- f on & aft.July 1,'98 at 110
Columbia Finance & Tr. Co.,Louisv. .Trustee.
j Int payable at New Orleans Nat. Bank.
N. O. Trac. Power-house) 1897 6gJ-J
90,000 June 1, 1917
mort., gold, sk. fd. > Interest at Louisiana Nat. Bank.
1st

m

61

STREET RAILWAYS.

Feb., 1906. J

wnnnnnn

iTt
fn^
iniH *>duu <sc
gom, *snn *?

\

-

-

^J. I
o

> Fidelity Trust Co., Louisville, Trustee.
"
July 1, 1943
200,000
Power-bouse mort ( 1901 5 S J J
< Fidelity Trust Co.. Louisville, Trustee.
gom, n^uu.uw
^ Int at Loula i ana Nat- Bank, New Orleans.
Now Orleans & Car. 1st > 1882 6F-A
95,000 Aug. 1, 1906
mortgage
5 Int. at Whitney Central Nat. Bank, N. O.
N. O. & Car. 2d mortgage, ) 1893 6 F - A
1906-1907
250,000
gold
5 Int. at Whitney Cen. Nat. Bk.,N. O.
Do consol. M., $2,000,000 > 1899 5 J- J 1,655,000 Feb. 1, 1933
r$500 and $1.000)
S Interest at Whitnev Cent. Nat. Bank.N. O.
Canal & Claiborne RR. ) 1896 6g.M-N
May 1, 1946
749,000
consol. M., g., $800,000 ^Interest at Whitney Central Nat. Bank,

($1,000)

N O

^i^nnnnn

($500 & $1,000)
Edison Elec. of N.O.lstM.

>

New Orleans.

1899
Jan. 2, 1929
5 J- J
2,500,000
$2,500,000c* 5 Amer. Loan & Trust, Boston, trustee.
Merch'ts Elec Co. 1st M., ) 1899
July 1, 1929
5 g. J-J
300,000
)

($1,000) s.f.,

$500,000, gold ($500) 0* 5 Merchants' Loan & Trust Co., Chicago ,Trus.
Co..
1883
5 J-J
76,000 Apr. 18, 1913
[$46,000 can be retired at any time and $30,000 April, 1908.]
Interest at the People's Bank, New Orleans.
Orleans RR. mortgage, < 1895
6 J-J
300,000 Apr. 8, 1912
$300,000, gold
1 Int. at Commercial Nat. Bank, New Orleans.
6
100,000
Second mort.,gold.... c J 1897 oall J-Jpar after To years 1912
be
J

New Orleans Gas L.

^'

Vat

Maturity.
Outstanding.
Date. Interest.
qTn rK A Bonds—
Jan. 1, 1952
$375,000
4 g. J-J
St Charles Street 1st (1902
Trust Co., New
M.. $600,000 ($1,000), ^ Interest at Canal Bank
Orleans.
(
gold.
106,000
(1)
1902
5
N.O. Lighting Co
Bonds— Of the New Orleans Carrollton consol. bonds $345,000 are
reserved to retire a like amount of old 1st and 2d 6s. $20,000 per
annum is payable to a sinking fund on these bonds. A sinking fund
of $30 000 per annum is provided for the redemption of N. O. City
Lake RR. bonds. The Merchants' Electric Co. bonds are subject to
sinking fund of $10,000 per annum is procall at par at any time.
vided for redemption of Orleans RR. bonds. The St. Charles St. RR.
bonds are not subject to call, but a proportionate amount will be retired yearly by purchase in open market. The N. O. Traction Co. bonds
have a sinking fund of $7,500 per an. for redemption of bonds at 105.
Of the $30,000,000 mort. of the New Orleans Railways & Ligho Co.
$12,81 4,000 are reserved for prior liens and $3,829,000 for future extensions, improvements and acquisition of securities of the subsidiary
companies. They are subject to call on any interest date upun 4
weeks* notice at 105 and interest
was
Dividends.— First quarterly dividend on pref. stock— 1H p.
paid in Jan., 1906.
ROAD— Companies controlled operate about 190 miles of track.
Earnings— For calendar year 1905, gross. $5,121,103; net, $2,446,240; fixed charges, $1,808,217, surplus, $638,023.
Officers— Prest., Elwin C. Foster; Vice-Prest. and Sec'y. Joseph H.
DeGrange; Treas., H. A. Ferrandou.-V. 81, p. 508, 6i4, 1792, 1849.

&

&

&

A

c—

SOUTHERN ELECTRIC SECURITIES CO-company.

A holding

The Oct.. 1905. and part of the April, 1905, coupons on the collateral trust bonds are In default, V. 80. p. 1972.
Organization.— Incorporated In New Jersey in July, 1903. In taDle below we give the names of the companies controlled and the
amounts of stocks and bonds of each outstanding, together with the
amounts acquired and pledged under the collateral trust mortgage of
the Southern Electric Securities Co.
^st Mort. Bonds.-~.
Capital Stock
Pledged.
Issued.
Pledged.
Issued.
Name of company—
Beaumont (Tex.) Tract. Co .$600,000 $600,000 $500,000 $100,000
Southern Light & Tract. Co.,

—

—

.

,

Natcbez.Miss
Jennings (La.) El. L.

&

VicksburgRy. <fe Lt. Co ...
The stocks pledged are all
nings Co., whioh are $50.

&

34 rt ,000 266,000
60,000
60,000
37?- .000
305.000
32,000
in shares of $100 eaoh, except theJenr

P. Co.
.

456,700
15,000
500,000

340,000
15,000

Southern Electric Securities Co.

Outrtand'g.
Maturity.
..
$1,000,000
April 1, 1934
864,000
1904
5g. A-O
Knickerbocker Trust Co., N. Y., Trus.
Int. at
Bonds.— The $364,000 outstanding were issued in payment of the
above, and remaining +736,000 are reserved
securities given in table
for acquiring additional stock and bonds. A sinkina fund of 2 p. c. of
outstanding bonds commences on April 1, 1909. Bonds are subject to
call on anv interest date at 105 and interest.
OFFICERS— President, Lynn H. Dinkins, New Orleans; Vice-Pres., S.
S Bullis, Vicksburg; Sec. and Treas., H. M. Young, New Orleans.— V.
79, p. 104; V. 80, p. 197 2.

STOCK

BONDS—

Date.

Interest.

Stock, $1,< 00,000, $100
Coll. tr. M.. $1,600,000 )
gold ($1,000)
c'i

NEW PHILADELPHIA, OHIO.
TUSCARAWAS TRACTION-A and road.
Jan
Organization— Incorporated December, 1901,
trolley

1902,.

1,

absorbed the Tuscarawas RR. and the Tusoarawas Electric Co. May
15, 1903, control acquired by Tucker, Anthony & Co. of Boston.
Outstand'g.
Interest.
Maturity.
Stock and Bonds— Date.
$250,000 Jan ,1903, %%
Stock. $350,000 ($100)
None
5
Dec. 1, 1921
1st M., g., $350,000.. 1901
100.000
June 1, 1916
6 g. J-D
Tus.RR.lst M.,$100,- 5 1896
000, ($500), gold.. .. I Int. at Cleveland Tr. Co., Cleve., O.. Trustee.
May 1, 1910
1890
5
!00,000
Tn» ±,iec. To IstM J Int>
lus. Flee lo. ist m..
at 8av j ng8 & Trust Co., Cleveland, Trustee.
^
Stock and Bonds—Of the $350,000 new 1st mortgage, $200,000 are
reserved to take up prior liens when they mature.
Earnings For calendar year 1904, gross, $46,819; net, $13,963;
interest and taxes, $13,612; surplus, $351.
Dividends.—In 1902, 2 p. o.; in 1903. Jan., ^p. 0. None since.
ROAD-— Owns and operates 14 miles of track from New Philadelphia
to TJhriohsville, Ohio, and from New Philadelphia to Canal Dover.
OFFICERS-— President, P. L. SaltonstalL Boston; Treasurer, Chauncey
Eldridge, Boston; Secretarv, John C. Rice, Boston; General Manager,
E. S. Dlmmock, Canton.— V. 73, p. 1209. 1265; V. 74, p. 96.

MN ^

NEW YORK CITY,

MANHATTAN RY-

N. Y.

See Investors' Supplement.

METROPOLITAN SECURITIES COMPANY.
Interbo'iugh Rapid Transit.—In Dec, 1905,
Oonxolidation
with,

it

merge the Metropolitan St. Ry. and the Interborough
Rapid Transit Co.; and a new holding company, the InterboroughMetropolitan Co., was formed with $100,000,000 common and $55,cum. pref. stock and $70,000,000 4>« p. o. coll. trust
000.000 5 p.
gold bonds. Stockholders of the Metropclitan Securities Co upon
paymentof a call of 25 p. c. on the stock (making stock 75 p. c. paid
in) will be given 93 *q p. c. of their holdings in common stock of the
new company, while holders of stock of the Metropolitan St. Ry. will
get 100 p. c. in new pref and 55 p. c. in new common. Interborough
stockholders will be given 200 p. c. in new coll. trust bonds and 99
p. c. in new common stock. Messrs. August Belmont & Co. will purchase $3,000,000 new pref. stock at par and $8,700,000 new common
for $2,250,000; but the firm also agrees to pay expenses of organization, etc. The common stock will be all deposited under a voting
trust for a number of years, subjeot to termination at discretion of
the trustees. See plan in full in V. 82, p. 280. For details of the securities of the interborough Rapid Transit Co. see the "Railway and
Industrial" Section.
Incorporated under the Business Corporation Law of New York on

was decided

to

,

February 14, 1902, with a capital of $30,000,000. It holds the entire
outstanding stock of the New York City Ry., which in turn leases
V. 74, p. 379. Also owns all
the Metropolitan Street Railway Co.
the stock of the People's Traction Co. and the New York Westchester
<S> Connecticut, and $3,379,200 of the stock of the Third Avenue RR.
$4,500,800 additional being owned by the New York City Ry.
The powers of the company are very broad and allow

It
acquire the securities of corporations of New York
to
State or any other State, "including corporations whioh own,
operate or lease, or which are organized for the purpose of constructing, owning, operating or leasing street surface railroads,
elevated railroad's, rapid transit railroads, underground railroads,
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 furnishing or organized to furnish eleotrioity for any lawful purpose, or
power in any form, for use upon, or whioh may be used upon, street
railroads or other railroads," etc. Also "to purchase, acquire, hold
and dispose of the stocks, bonds and other evidences of indebtedness
of any corporation, domestlo or foreign, and Issue in exchange therefor its stock, bonds or other obligations." The duration of the cor-

—

.

)

STREET RAILWAYS.

6-2

oration is to be a thousand years. The direotors need not be stookE olders unless the by-laws of the company shall so require. On June
10, 1903, second payment of $25 per share was made. In Jan.,
1906, pursuant to plan of consolidation, another call of 25 p. c. was
made, making stock 75 p. o. paid in.
Lastdiv.
Date. Sale. Outstanding.
Stock Authorized—
$75paldln
Stock, $30,000,000 (par $100)
Officers— President. H. H. Vreeland; Vice-President, R. W. Meade;
Directors— William H. Baldwin
Sec'v and Treas.. Edward W. Sayre.
Jr., Edward J. Berwind, Charles A. Oonant. Paul D.. Cravath,J®ha D.
Crimmlns, Thos. Dolan, Thos P. Fowler, Frank S. Gannon, George G.
Haven, James FT. Hyde, Augustus D. Tuilliard. John B. McDonald, P.
A. B. Widener, Thos. F. Ryan. H. H. Vreeland. — V. 76, p. 1301,1407;
V. 77, p. 511, 824 -V. 79, p. 1023, 2697; V. 80, p. 711; V. 81, p. 1792,

1849; V. 82,

p.

161, 283.

NEW YORK CITY RAILWAY-

This oompany was incorporated in New York on Nov. 25, 1901, as
the Interurban Street Railway, with a capital of $500,000, but on Feb.
10, 1904, assumed name as above, V. 78, p. 48; V. 77, p. 1874. Directors need not be stockholders. Arrangement for financing the needs
of the Metropolitan Street Ry., under which the amount of the stock of
the 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 also
to acquire all future issues of stock or securities of the New York City
Ry The Interurban Co. leased the Metropolitan Street Ry. for 999 years
from Feb. 14, 1902, for 7 per cent per annum on its stock. In a suit
brought by Isidor Wormser Jr., Justice Soott in the New York Su
preme Court on June 22, 1903, declared the lease valid and dismissed
the charges of fraud. This deolsion was unanimously affirmed by the
Appellate Division on Nov. 1~>, 1904 V. 79, p 24">6 The case was
oarrled to The Court of Appeals, which on Feb. 13, 1906. susfa ned the
lower courts in dismissing the complaint, on the ground that Wormser,
havinga vailed of some of the privileges of the ieaee agreement, was in
no position to bring suit, but did not pass directly upon the validity of
the lease V. 82, p. 392.
Proposed Tunnel Connection toilh Jersey Oily.— In Sept., 1905, two
companies, both known as the Inter-State Tunnel Ry. Co., and each
having $7,500,000 stock, were incorporated to build a tunnel from
Jersey City to Chambers Street, New York, to be owned jointly by the
New York City Ry. and the Public Service Corporation. See V. 81,
p. 975.
Dividends or
maturity.
Date. Rate. Outstanding.
Stock and Bonds—
Stock, authori'd $20,000,000)
*$8,459,200

[Vol. lxxxii.
Gross

RR.(see

28th and 89th

\

16,13 ViO I

\

)

n 90405

1903-04
1904-05
SIM03-04
)

1

Klrjgsbrldge>1904-0B
Hallway
j 1903-04
Union Ry. of} 1904-06

par,

$100

i

. .

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 COMPANIES.
In hinds
Total
issued.
Stock June 30, 1905.
of public
Of which held by—
$

$

$

IN. Y CityRy
...16.695,800 AletroDoli'n Sec. Co. 3.37H.200 8,116,800
Third Avenue RR
4,500
D. D. E. Broad'y A Battery. 1.200,000 Third Avenue RR (11,195,500
2,500,000 Third Avenue RR.. *i.46J,800
80,200
42d St. Mann. & St. Nich.
2,000.100 Third Avenue RK.. *2.000.000
Co
Union Rv.
*H00.0OO
300,000 Third Avenue RR..
Tarryt. Mam. * White PI..
*248,300
260 (X
1,700
Third Avenue RR..
Southern Boulevard RR...
*i»92,f00
l.< 00.000
Third Avenue RR..
7,500
Yonkers RK. C)
*500.000
500 000 Third Avenue RR..
Westchester Electric RR..
*8.600
8,600 Third Avenue RR..
Kingsbridee Ry. Co
Do subscTip'n for balance 991,400 Third Avenue BR.. *991,400
602,*00
600.000 Metropolitan St. Ry.
97,200
Central Crosstown RR
fOO.OOO Metropolitan St. Rv.
50 >,0
Fulton Street RR
28th A r9th Sts. Crosstown. 1.500,000 Metropolitan St. Ry. 1,500,000
l.Ouo.000 Metropolitan St. Ry. +1,000,000
34th Street Crosetown.
700.000
B'way A Seventh Ave. RR. 2,100.000 Metropolitan St Ry +1,400,000
Cent. Park N. A E. Kiver.. 1,800.000 Metropolitan St. Ry. +800,000 1,500,000
348,000
4i!d St. & Grand St. Ferry.
748,000 Metropolitan St. Ry. +400.000
4.500,800

'

1

.

.

.

.

22,188,900

Total held.....'

In hands

Total

Boras.

issued.

Of which htld by—

$

of public.
$

Cent. P. N. A E. Rlv. RR. 4s. 1,2< 0,000 Metropolitan St. Ry. al, 200,000
250,t00 Metropolitan St. Ry.
200.000
23d Street Ry. 1st «s
300.000
336,000 Metropolitan St, Ry.
4Sd St & Grand St. K'y 6s.
5 b743.000>
42d St. Man. A St. N. 2d M.. 1,600,000 Third Avenue RR.. i '100.000;
ICO.000 Third Avonue RR.
100,000
Do R. E. mortgage
600,000 Metropolitan St. Ry.
+300,000
Metropol'n Crosst'n RR. 5s
1,('00
New York City Ry..
Broadway Surface RR.bds.
cCentral Crosst'n con 4s.. 2.500,000 Central Crosstown
2,490.000
1st, M
1500,000 Metropolitan St. Ry. + 1.500,000
Br'way A 7th Af.
.

60,000
36,000
757,000

800,006

.

Total held
6,934,000
All deposited under the Third Avenue RR. 1st consol. mtge. of 1900.
+ All ceposited under the Metropolitan 8t. Ry general collateral trust mortgage of l!"97 and the refunding mortgage of 19i 2.
a. These bonds matured Dec. 1. 190*, and were taken up with Metropolitan St.
Ry. refunding 4s, but are held as an asset by the Metropolitan St. Ry.
bOf this amount, $357,000 are deposited under the Third Avenue RR, 1st
consol. mortgage of 1900.
c These bonds are all deposited as collateral for the Central Crosstown RR,
2-year notes,
d Of this amount, $1,173,000 is deposited under the Third Ave. RR. 1st con. M.
Road— The following shows the aggregate of traok operated June

30,1905:
Uilei of track—
Mat hattan Borough
Bronx and Westchester Co

Electric.

Horse.

213-385
182-164

98*486

Total*

311-871
182-164

98-486
494-035
Total*
395 549
Includes mileage not operated and tracks In car barns.
Note.— The company is still using 2,533 horses In its operation of
the lines in Manhattan Borough.
Equipment—The New York City Ry., to which the "Metropolitan" is
leased, reported its equipment as follows June 30,1905: Box cars,
motors, 1,888; others, zi5; open cars, motors, 928; others, 151; combination cars, motors, 155; express cars, motors, 30; freight motor
cars, 5; service motor cars, 25; others, 10; snow plows, motors, 12;
others, 7; sweepers, motors, 76; others, 11.
Grand total, motors,
3,119; other than motors, 394.
Latest Earnings— For New York City Ry. for 6- months ending
Dec. 31. For other companies operated but separately reported, see
Chronicle of Feb. 17, 1906.
Yeir.
N't.
Fixed Char's.
Gross.
Balance.
1905
$8,963,485 $4,8*3,137 $5,615,050 aef.$761,913
1904
8,646,454
4,869,358
5,589,777 det. 720,419
Report.— Following are the figures of earnings separately given for
all of the roads in the system for the fiscal years ending June 30, 1905
and 1901. Further details and also balance sheet and other facts will
be found in the Chronicle of Oct. 14, 1905.
*

1,300

83,79 5
7o.4«2
1.8«l«,009

New

York... (1903-04
Tarryt'n W.P. ) 1904-05
&Mam. Ry. J190J-01

1,293,495
106.817
94,59a

South. Boule-U904-05
vard RR.. J 1908-04
Rail- ) 1904-05
road
(1903-01
Westobes t e r > 1901-05
Elec RR... 51903-04

$
def.2,686.2»57

def.1,282,873

X

101,681 sur. 36,318
88.729 def.
68,862
88,b97 def.
29,401
6»,519 ir, 254.460
69.945 sur. 216.638
21,244
def 23.104
21.361 def.
21,303

1-00

8,500
2,426

500
350

X
618,3*0
90,673
97,674

x847,«18
131,981
262,068
£0 372
102,113
25,861
22,868
410,058
801,414
6,770
861

sur.

1.444.210

892.630
397,199
160,437
151,343
87,660
89.063

42 647
6,84«

2«,4T9

13,626
11.425

257,6*9
81.961
29,426
1»,324
18.289
111.8 68
91,869
102,108
86,002

63
458

212
51,381
8,601
61,507
68,640
805.768
307,972
43,258
75.09a
826,321
268,763 def.21,816

.

Yonkers

sur. or def

X

4,682

1908-0*
Third Av.RR.) 1904-05
!see x)
$1903-04 Xl.797.719
42d St. Man. A ? 1904-05
788,410
St.N.Av. Ry. ( 1908-04
841.688
Dry D. TC. B. A ) 1904-05
430,125
Battery 11 R. J 1903-01
605.1*7
(

.

660,000 April, 1912
1S02 3 A-0
10-year notes, $15,000,000.
4.0C0.000
Loans & bills pay'le June 30,'05
There was also due the Metropolitan Securities Co. on June 30,
1905, $4,540,800 stock under subscription and $5,016,000 of the 10-

X139.237

Balance

All
charges.
t
11,160,387
8,983,278

X

X
161,770
26,167
68.096
171.668
320.479
525,764
608,817
281,058
28.990 def. 2,389
292
32.179 def.

X409.349

1904-<Nt

town Ry.
Fulton Street

Other
income.

t
7,387,'"3l 106,489
7,169,0*8 481,362

16,7<'-<,004

i

Sts
S4th St. Cross-

RR

earnings.
$

$

1904-05
1903-04
1904-05
\
x). $1903 04

Ry. (seex)..
Cent. Crosst'n

Set

earr. trios.

New York City

.

149
159
1.216

16.748
def. 168,086
def.
47,667
del 97,418
4 4,3>-2
def.
def.
61,809
def.
66,185
sur. 161,204
mr. 60,210
def.
25,128
def.
28,107
def.
18,112
def.
9,779
def.
48,069
def.
48,467
def.
25.800
def. 106,818
.

Total sys-) 1904-05 120,888.124 $8,616,700 444,603 $11,858,246 df.y.$2,796,943
tern

J

1903-01

ll,lM,91l>der.yl.396,771

408.99s

*,357,150

21,4b5,O0tS

x On April 1, 1904, the earnings of the Crosstown RR. and in April, too, the
earnings of the Third Ave RR. were merged with those of the New York City
R?. Co. (Metropolitan St. Rt. lines) and ceased to be reported reparately.
y Includes $168,960 In 19( 5 and 138,138 in lw04 accrued to Metropolitan Securities Co. for dividend upon Its holding of Third Ave. RR. stock. (See below.)
Note— For the purpose of presenting the lncoma account of the New York
City Railway System as a whole, the following changes have been made by the
company in the "total " column, as compared with the aggregate of the cross
footings. These changes represent transactions between the different com
panles In the system. There bave been eliminated (1) from "operating expenses
—transportation" and from "income from other sources -rent of equipment"
$18,094; (2) from 'operating expenses— general" and from "Income from other
sources -rent of tracks and terminals" $109,1171; (8) from "Income from other
•sources -miscellaneous interest" $642,092, and from "deductions from Income
—miscellaneous Interest" $642,092, and 'interest on real estate mortgages"
$5,000.

The Item of '* all charges" for the New York City Ry., and also the
total system, includes the 7 p. o. dividend (f 3,639,792) on the stock of
the Metropolitan Street Ry., and after April 1, 1904, 5 p c. per annum
on the stock of the Third Avenue RR. The "charges'* do not include
the franchise tax then in litigation.
Passengers carried year
ending June 30. !9o5.—

Fare.

Manhattan Borough
Bronx & Westchester Co

Transfer.

Total.

374,258.395
45,967.347

543,216,155
68,703,117

420,225,742

Total

168,957,760
22,735,770
191,693,530

611,919,272

OFFICERS— President, H. H. Vreeland Vice-Preets., F. 8. Gannon
and D. B. Hasbrouck; Secretary and Treas'r, C. E. Warren; Auditor
D. C. Moorehead: Purck. Agent, A. C. Tully; Gen. Manager, Oren Root
Jr.—V. 79, p. 901,968, 1264; V. 81, p. 976, 11 71 V. 82, p. 161.
;

J

METROPOLITAN STREET RAILWAY-

TJndersround trolley and horse.
Consolidation wUh Interborouah Rapid Transit Oo. — In Jan.. 1906,
stock of this company and of the Metropolitan Securities Co. and the Interborough Rapid TransitCo were to be exchanged for stock of a new
holding company. See statement of Metropolitan Securities Co. above.
On Feb. 14, 1902, the Metropolitan Street Ry. was leased for
7 per cent on its stock to the Interurban Street Ry (now the
New York City Street Ry.) for 999 years. V. 74, p. 379. Metropolitan
St. Ry. stockholders were given the right to subscribe for $23,400,000
stock of the new Metropolitan Securities Co. The lease has been sustained by the courts. See remarks above under New York City Ry
Organization—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.
The Elm Street Connecting Railway Co. was incorporated In May,
1900, in the interest of the Metropolitan Street Ry. to build a line on
Elm St. from Centre St. to Great Jones St. and through Lafayette
Place, a distance of 6,000 feet, as a short route for the 4th Avenue line.
No franchise, however, has yet been granted.
In July, 1901, the New York Transportation Co., kaving'purchased
the Metropolitan Express Co.. inaugurated an express service on the
Eighth Ave. line. V. 73, p. 35.
On Sept. 1, 1904, the Union Ry. Co. established express trolley passe tger service between the Bronx Park Station of the Manhattan
Elev. Ry. and New Rochelle and Mount Vernon. V. 79, p. 903.
Franchises All franchises are perpetual, excepting the Kingsbridge
For decision in New York Supreme
franchise, covering 3*4 miles.
Court adverse to the validity of the franchise under which the Lexington Ave. extension of the Houston West Street & Pavonla Ferry
RR., and also the line across 116th 8treet, was built, see V. 72, p. 45.
Franchise Tax Legal—For decision of Court of Appeals in the case of
the Metropolitan St. Ry., affirming the validity of the franchise tax
law, see V. 76, p. 972. On May 29, 1905, the U. 8. Supreme Court
unanimously affirmed the decision of the N. Y. State Court of Appeals. V. 80, p. 3344. For reduotlon in assessments In legal proceedings, see V. 76, p. 331; V. 80, p. 2621. For deoision as to oar
taxes,' see V. 75, p. 1399. For decision as to tax on capital stock for
the year 1897 see V. 80, p. 1913.
Transfers.— For decisions as to transfers, see V. 78, p. 288 and 584
and V. 79, p. 269, 2147, 2588, 2642.
Oharaes concerning unearned dividends.— Accountants' findings
showing no warrant for W. N. Amory's charges that unearned dividends had been paid will be found in V. 76, p. 978 and 1030.
Brooklyn Bridge Connection— C&v& of the Metropolitan lines began
to run across the Williamsburgh Bridge in January, 1905.
Da!e.\ Interest. Outstanding.' Maturity
BONDS
STOCK
$52,000,000 Jan./$,06,1\
Stock ($100), $52,000,000

—

&

VQ-J

Refund mtge., gold.c&r,

<,

1902 4 g. A-O
16,568,000 Apr. 1, 2002
Morton Tr. Co.,N.Y., Trus. Int. atoffi. of Co.

$65,000,000($l,000,&c) \
Metropolitan Street Ry.—
12,500,000 Feb. 1, 1997
Gen. coll. tr. M., $12,500,- ) 1897 5g. F-A
000 g. ($1000, &o.).c*&r s Int. at Natl. Bank of Commerce, N.-^Y.
189 ° 5A.-0.
600,000 Apr. 1, 1920
M,vh,„™i n. .M«iiii
Metropol. Crosst. 1st M. Int at N y Trugt Co N Y Tru £
J
M.,< 1893
5g M-S
5,000,000 Sep.1,1993
Lex. Av.& P. Ferry 1st
c*&r I Int. at Nat. Bk. of Commerce in N. Y.
gold
5g. M-S
3,000,000 Sep. 1, 1993
Columbus & 9th Avenue $ 1893
c<fcr. I Guaranty Trust Co., N. Y. City, Trustee.
1st mort., gold
8tg,iar,($1000)
SO F r
1889
1919
Apr.
5 A

M

(

$3 50

(K)0

Mort. on car stable prop-) 1899
erties to

Mutual Life

s

"°

350,000

5 J-J

}

B'way 8ur.'RR'"lst M.\7

1,500,000

950,000
(Extended,

1,

July 1,1924

J

)

STREET RAILWAYS.

Feb.. 1906.]

—

Lessor Companies

Broadway <& 7th Ave. lstoon.1893
2d M..1884
do
MM do

5g.

J-D $7,650,000

1,
July 1,
Jan. 1,
Jan. 1,
Jan. 1,
Nov. 1,

500,000

J-J

5

1943
1914
1909
1950
1909
1909
Jan.,
1909
Fob. 1, 1948
Oot. 1, 1918
Feb.,
1914
Nov. 1, 1922
May 1, 1906
Deo.

50,000
IstM. (extended). ...1893 6 J700,000
Bleeoker St.<fe Fulton F. 1 st M. 1 876 4 J-J
36,000
42d St. & Grand St. Fer. 1st M.1894 6 J-J
1,280,000
.1885 5 M-N
2d Ave. 1st mortgage
J-J
91,000
1889 5
2d Ave. debentures
5,629,000
1898 5g. F-A
2d Ave. 1st consol. mort
210,000
Christopher <& 10th St. let M.1898 4 A-O
750,000
8thAv.oeitincatesof itidebt.1884 6 F-A
M-N
250,000
1882 6
Central Crosstown 1st M
2,250,000
notes, $2,250,000 1904 5
do
Third Avenue RB.—See that company's statement.
Companies separately operated
1,500,000 Oot. 1, 1996
28th & 29th St. Crosst. 1st M.1896 5 A-O
1,000,000 Apr. 1, 1996
34th St. Crosstown 1st M ...1896 5 A-O
500,000 Nov. 1.1995
Fulton St. RR 1st M., gold. 1895 4 M-N
t Interest on the $750,000 certificates of indebtedness of the Eighth
Ave. RR. is paid out of the $215,000 rental which the Metropolitan
Street Ry. pays the Eighth Ave. RR.
Bonds— The Lexington Avenue <£ Pavonia Ferry $s and Columbus <t Ninth Avenuejs were fully described in V. 60, p. 1146. Both
were guaranteed and later assumed by the Met. Street Ry. Co.
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
& Grand Street Ferry RR., $400,000; Central Park N. & E. River RR.,
$300,000; 34th Street Crosstown Ry., $990,000; also all property of
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
9th Ave., and Ft. Lee Ferry Extension; also leasehold
Interests, contracts, real estate (valued as below stated), etc. See application to N. Y. Stock Exchange in V. 65, p. 826.
Of the $6s,coo,ooo new refunding 4 s, $54,000,000 were reserved to retire 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 security
for the general collat. trust mortgage of 1897; see particulars in V. 74,
Besides the $11,000,000 of bonds immediately issued
p. 379. 1308.
(going to the Interurban St. Ry.), $5,568,000 have been sold for refunding, making $16,568,000 outstanding. After Jan. 1, 1920, any
part of the bonds reserved for refundiE^' not needed for that purpose
are to be available for the general purposes of the company.
Dividends— The dividends paid have been as follows, those prior to
1898 having been paid on the Metropolitan Traction Stock, which was
increased in 1892, from $20,000,000 to $30,000,000, and in October,
1897, was exchanged dollar for dollar for stock of Street Railway Co.:

23d

St,

—

.

.fe

Year—

)

555557

'94. '95. '96.

'97. '98.

'99.

'00.

777

'02.

'01.

'03.

'05.

'04.

7
7
7
Percent. $
In October, 1897, a distribution of 20 per cent in debenture certificates (naid 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.
owned In fee, subject to the general mortgage & collateral

826).
truss
deed of 1897 (including $2,450,000 subject to the prior lien of the
Lexington Avenue mortgage) was valued in February, 1900, at $6,257,-

owned by subsidiary companies. $7,039,750; total, $13,296,769.
Annual Report— See report under New York City Rt.

019;

Officers— Pres., D. B. Hasbrouck; Vioe-Pres C. E. Warren; See.
Gen. Manager, Oren Root Jr.—V. 81,
C. Moorehead

63

Dividends.— Dividends under lease are now 15 p. o. For record of
previous dividends see Street Railway Section for Feb. 27, 1904.
Road— Track owned is 3-29 miles; leases from Christopher & 10th
St. RR., 3"6 miles. Total track, 7"05 miles. All eleotrio except 17th
and 18th Sts. from Broadway to Ave. A.

CENTRAL PARK NORTH & EAST RIVER.—Horse & elect.

(4)

Organization— Chartered July

19, I860. Lease— Leased to Metropolitan Ry. Co. Oct. 14, 1892, for length of charter and renewals thereof
till Oct. 1, 1897, thereafter 9 per cent (V. 55, p.
at 8 per cent on stock
Metropolitan St.Ry. owns $300,000 of the stock.
894).
Par. Interest. Outstanding. Maturity.
Bonds—
Stock
Stock. (See rental above.).. $100 text Q.— J. $1,800,000
See text
Metropolitan St. Ry. refunding 4s were issued to take up the $1,200,000 1st consols maturing Dec. 1, 1902.
Road— Owns 59th St., East and West, with branch to South Ferry,
19-90 miles. All electric on 59th Street.

&

(5)

CHRISTOPHER

<fe

TENTH STREETS RR.—Electric.

ORGANIZATION—Chartered April 25, 1873. Leased to Central Cross
town May 1, 1890, at 8 per cent on stock and interest on bonds.
Par.
Interest.
Outstand'g. Maturity.
STOCK & BONDS
-

$100
8
Q. -J.
$650,000 Seetext
mortgage ext. in) 1,000
4 A. -O.
210.000 Oct. 1, 1918
1898
s Guaranty Trust Co., New Yorfc, Trustee.
The $180,000 lsts were extended 20 yrs. from Oct. 1, 1898, and in
addition $30,000 bonds were issued at same time to take up the Real
Estate Mortgage of similar amount. V. 67, p. 370.
ROAD—Track owned is 3-76 miles.— V. 67, p. 370.
(6) EIGHTH AVENUE RR.— Underground trolley road.
Organization Chartered Jan. 10, 1855. Road is leased to Metropolitan Street Ry. for 99 years from Jan. 1, 1896, at rental of $215,000
per annum, which provides for interest on the scrip, 16 per cent divlaends on stock and $5,000 additional for organization expenses. V.
62, p. 40. Underground eleotrio traction system used between 158th
and Battery Place. V. 67, p. 178. 956.
Stock
1st

Stock

&

Bonds.— Par.

;

p. 31, 1315, 1436, 1792, 1849; V. 82, p. 161, 392.
Companies controlled by Metropolitan Street Ry.
(1) BLEECKER STREET & FULTON FERRY RR.—Horse andeleo.
Organization— Chartered Dec. 12, 1864. Leased to 23d st. Ry. Co.
Jan. 10, 1876 for 99 years lease assigned to Met. St. Ry., rental is
interest on $700,000 bonds and 1*$ per cent per annum on stock.
Interest.
Outstanding. Maturity etc
STOCK BONDS— Par.
II3J.-J.
Stock
$100
$900,000
Seetext
4 J.-J.g.
1st mortgage,)
1,000
700,000
Jan. 1,1950
gold, 1900. .. S Morton Trust Co., New York, Trustee.
The first mortgage bonds for $700,000 were 7s until Jan. 1, 1900,
when they fell due and were extended by the Bleeoker Street & Fulton
Ferry Co. at 4 per cent, on the same lien, and made payable in gold.
1 ROAD— Owned 10-62 miles. Electric on 14th Street —V. 69, p. 1344.
;

&

(2)

,

BROADWAY & SEVENTH AVENUE— Change

to

underground

electric occurred in

August, 1901.
ORGANIZATION—Chartered May 26, 1864. Leased May 13, 1890
for unexpired term of charter and for any extensions of the same
to Houston West St. & Pavonia Ferry, now Metropolitan St. Ry. Co.
Rental— Interest on bonds and 10 per cent on $2,100,000 stock, of
which Metropolitan Street Ry. Co. owns $1,400,000.
Par.
Interest.
Outstanding.
Maturity.
Stock
Bonds—
Stock,$2,100,000($100) $100
10 Q. -J.
$2,100,000 Seetext
2d Mortgage of 1884... 1,000
5 J. - J.
500,000 July 1, 1914
B'way Surface lstguar.1,000 5 J. - J.
1,500,000 July 1, 1924
80. Ferry 1st guar
1,000
5 A. - O.
350,000 Apr. 1, 1919
By.& 7th Av. Con. M.of ) 1,000 5 g. J.-D.
7,650,000 Dec. 1, 1943
'93 for $12,500,000. < Interest at Guaranty Trust Co., N. Y., Trustee.
Of the consoJ. 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,
$1,500,000 maturing 5s were replaced by an issue of the Metropolitan
refunding 4s of 2002. V. 78, p. 1549. On July 1, 1905, $1,000,000 2d
mtge. bonds due on that date were replaced by a like amount of Met.
St Ry. ref.intge. 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, etc. Trustee, Guaranty Trust Co.
The Broadway & 7th Avenue assumed the Broadway Surface
1st mortgage bonds for $1,500,000 and payment of interest on the second mortgage bonds for $1,000,000 (the latter since paid off), for use
of tracks between 15th Street and ferry. South Ferry 5s. assumed
underlease.
Road— Including Broadway Electric, 7th Ave. and South Ferry lines;
owned 15'12 miles,

&

.

;

INDEX— V.
(3)

58, p. 733; V. 73, p. 287.

Office

621 Broadway.

CENTRAL CROSSTOWN RR.— Electric and

horse.

Organization- Chartered March 28, 1873. May 28, 1890, leased
the C liristopher & Tenth St. RR.; see separate statement 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 for 999 years to the Metropolitan Street
Ry. at a rental f 15 p.
per annum on capital stock in addition to a
guaranty of the principal and Interest of the bonds of the Central Crosstown RR. V. 78, p. 820, 1168.
Stock
Date.
Bonds.—
Interest.
Outstand'g. Maturity.
Stock, $600,000 ($100).
/... 15
Seetext
Q. - J. $(300,000
6 M. - N.
250,000 Nov. 1, 1922
, 1882
1st mortgage ($ 1, 000)... o-? Interest at Morton Trust Co., New York.
(Am. Loan & Trust Co., Trustee.
"
1904 4 g. M.-N.
See text.
May 1, 1952
1st con. M., $3,000,000,
Morton Trust Co., New York, Traetee.
gold ($1,000)
cfcr]
, Interest at company's office.
Notes, $2,250,000...
1904 5
May 1, 1906
2,250,000
The notes mentioned in table above are secured by deposit of $2,500,000 guaranteed bonds. See V. 78, p. 1548.
1

<

&

(

Maturity.

(7)

FORT GEORGE & ELEVENTH AV. RR.—To be an underground

trolley road.

Organization— Incorporated Nov. 19, 1898, in the interest of the
Met. St. Ry. to build a line from 130th St. and 11th Ave., along 11th
Ave. to 175th St., and another from 145th St. and 11th Ave. easterly
through 145th St. to the Harlem River. Has been constructed on 145th
St. between Lenox Ave. and Broadway. Stock authorized, $3,000,000. V. 67, p. 1109. Franchise granted December, 1889, for 25
years, with privilege of renewal for another 25 years; 4 p. o. of gross
receipts to be paid the first five years, 6 p. 0. the second five years, 8
per cent the third five years, and 10 per cent the remaining years of
operation. The road to become the property of the city at the termination of the franchise (whether original or renewed) upon payment
for the same in accordance with definitely-prescribed rules. The Kings
bridge franohise was granted the 3d Ave. RR. upon the same terms.

,

and Treas., D.

Outstand'g

Interest.

Quar.
$100
$1,000,000
See text.
100
6 F. <te A.
Scrip of 1884
750,000
Feb., 1914
Scrip is subject to call at par on any interest day.
ROAD—Total track owned and operated, 18-98 miles. V. 62, p. 40.
Stock

FORTY-SECOND

ST.

& GRAND

FERRY—A

ST.
horse railroad.
16, 1863. Leased to Metropolitan Street Railway Co. from April 6, 1893, for duration of charter and
renewals thereof at 18 per cent on stock, payable in lawful money.
Met. St. Ry. owns $400,000 of the stock.

(8)

ORGANIZATION— Chartered February

Stock & Bonds— Par.

$100

Stook

1st M. extended

1,000

Outstanding.

Interest.

18 Q.— F.
6 J. -J.
V. 74, p. 1139.

$748,000
36,000

ROAD—Owns 7-64 miles.
(9) FULTON STREET RAILROAD A horse road.
Organization. -Chartered Oct. 29, 1895.
St. Ry.

Stook

all

Metropolitan

Stock

&

Bonds—

Date.

Interest.

Maturity.
See text.
Jan. 1, 1909

owned by

Outstanding.

the

Maturity.

Stock, $500,000 ($100)
1st M.,g., ($1,000), guar.
p. and 1. Met. St.Ry.c"

$500,000
1895 4g. M-N
500,000 Nov. 1, 1995
Guaranty Trust Co. of New York, Trustee.
Earnings— See report under New York City Ry.
ROAD—Track owned is 1-05 miles, 8 cars.— V. 62, p. 277

(10) NJfiW YORK & HARLEM RR.-Uuderground electric railroad.
Organization— Chartered April 23, 1831. Owns also a steam road
leased to New York Central, its securities, which cover the electric
roads as well as the steam line, being described under the title New
York & Harlem among steam railroads in our Railway and Industrial
Section. In July, 1899, the Metropolitan Street Railway 1C0. bought
from the New York & Harlem the car-stable properties at Thirtysecond Street andFourth Avenue and at 86th St. and Madison Ave
for $1,850,000. V. 69, p. 180, 542, 591.
The electric (formerly horse) lines (19-77 miles of track) were leased
to the Metropolitan Street Ry. for 999 years from July 1, 1896, for a
rental of $350,000 per annum the first five years and $400,000 per
annum thereafter, which is equal to 4 per cent on the $10,000 000
stook; in addition $2,500 is allowed for organization expenses.
62, p. 1088. Line operated electrically from March, 1898, from Citv
'
Hall to 135th Street.

V

(11)

NINTH AVENUE RAILROAD—An

electric railroad.
29, 1859. The road is leased to the
Metropolitan Street Railway Co. for 99 years from March 12, 1892
Rental—For first 5 years $48,000, whloh is equal to 6 per cent on
oapital stock ($800,000), and thereafter $64,000— 8 per cent on same
and $2,500 for organization expenses. Stook, $800,000; par $100dividends, Q.— J.
Road— Fulton Street to 126th Street, total track
owned and operated, 1614 miles.

Organization—Chartered July

(12) SECOND AVENUE RR.—Mostly underground electric.
Organization.—Chartered Jan. 21, 1853. Leased for length of charter from Jan. 28, 1898, to the Metropolitan Street Ry. at 8 p. c. on
the
stock for three years from March 1, 1898, and 9 p. 0. thereafter. V

66, p. 185. All eltctric except 1st Ave Branch.
Par.
Interest.
Outstand'g. Dividend, <6c.
„ SECURITIES.—
Stock, $2,500,000, $100.
$100 9 Q.-M.
$1,862,000
Seetext
1st mortgage of 1885.... 1,000 5 M.
N.
1,280,000 Nov.1,1909
Debentures of 1889
1,000 5 J. & J.
91,000 Jan., 1909
1st con. M.,g., $7,000,000 > 1,000 5 g. F. & A.
5,629,000 Feb.1,1948
1898,guar.,p.Ai.end.o* S Guaranty Trust Co., N. Y., Trustee.
Of new 1st consol. 5s, $1,371,000 are reserved to retire securities of
earlier date. V. 66, p. 900. For mistake of trustees in exchanging
80me4 5s of 1909 for consol. 5s of 1948, see V. 76, p. 654.
ROAD—Track owned, 25-93 miles. V. 65, p. 276; V. 66, p. 616, 900.

&

(13)

SIXTH AVENUE RAILROAD-Underground

Organization— Leased

trolley.

to Metropolitan Street Ry. Co. Feb. 1,

1892
for 800 years. Rental now $145,000 per annum, which is
7 per oeni
on stock and $5,000 for organization expenses (V. 61. d 925
Stook, $2,000,000; par, $100. An extra dividend of 38 per cent was
paid in August, 1901, out of proceeds of sale of stable property
at
Sixth Avenue and 43d Street. Road, inoluding Lenox Ave. branchtrack owned, 1245.
In Feb.. 1899, began operating underground trolley all the way to Battery Place. V. 73, p. 236.

STREET RAILWAYS.

64

(14) THIRTY-FOURTH STREET CROSSTOWN RY.—Changed to
underground electric In Sept., 1903.
Organization—Chartered March 18, 1896, heing a consolidation of
the Thirtv- Fourth Street RR. Co. and the Thirty-fourth Street Ferrv
RR. Co. All of the stock of the Thirty-fourth
<fc Eleventh Avenue
Street Crosstown Ry. Co. is owned bv the Metropolitan Street Ry.
Maturity.
Date.
Interest. Outstanding.
Stock and Bonds—
$1,000,000
8toek($100)
Apl. 1. 1396.
1,000,000
1896
5 A-O
1st M. ($1,000), guar. 5
Central Trust Co., N. Y., Trustee.
p. and i. Met. St. Ry.. I
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
In September, 1896, and owns all the stock. In Dec, 1898. the new
air compressor and power house were practically completed, and in
August, 1899, began using air-motor system exclusively. V. 69, p.
183. In Mav, 1901, however, returned to horse ears.
Maturity.
Date. Interest. Outstanding.
BONDS—
STOCK
$1,500,000
Stock, $1,500,000 ($100)
1,500,000 Oct. 1, 1996
IstM., $1,500,000($1,000) 7 1896 5g. A-O
gu.p&iend.,M. St. Ry.g.o* 5 Central Trust Co., New York, Trustee.
ROAD— Track owned is 6-72 miles. V. 63, p. 602, 661, 839.

&

Report—See report under New York City

(16)

Ry.

Organization—Chartered Jan. 29, 1872. Leased from Apr. 25, 1893,
to the Metropolitan Street Railway Co. for the unexpired term of the
charter and for any extensions of the same. Rental is 18 per cent.
Maturity.
Outstand'g.
Interest.
BONDS-— Par.
Stock
Q.-F.
$600,000
18% per ann.
$100 18
Stock ($100)
Jan. 1, 1909.
50,000
6
J.-J.
lstM.,$250,000,ext.) 1,000
Morton Trust Co New York, Trustee.
in 1 893
s

&

Road—Including

owned 4 25

14th

miles. Rails,

St.,

,

St. and Canal St. branches,
lbs., standard gauge. V. 74, p.

Bleecker

47 to 113

THIRD AVENUE RAILROAD
trolley.

Road— Owned.

Miles.

City Hall via 3d av. to 130th St. 7-03
North River to 125th St., E.R. 2-50
10th Ave., 125th St. to Fort
3-75
George
13-28
Sv»cond track
0-68
Sidings

—

track

1139

42d 8t Man.&

St.

Nioh. Ave. 24-81

UnionRy

7110-

Westohester Electric

25-13

Yonkers

2606

RR

Southern Boulevard

Tarrytown White Plains

Mamaroneok

7 00

&

18-90

Total track
2724
Total controlled track. l>s7-97
Controlled but oper. separately track miles.
215-21
14-97 Grand total track
Dry Dock E. B. & Bat. Ry..
Annual Report.— See report under New York City Railway.
OFFICERS.— President.H. H. Vreeland; Vice-Pres., D. B. Hasbrouck;
Sec. and Treas., John Beaver; Asst. Gen. Mgr., Oren Root Jr.
INDEX—V. 74, p. 528; V. 78, p. 2336, 2386, 2600; V. 79, p. 153.

—

.

DRY DOCK EAST BROADWAY

(1)

BATTERY— Horse

«fc

and

electric road.

Organization— Incorporated Dec. 8, 1863. Control obtained by
Third Ave. RR. Aug. 23, 1897 (V. 65, p. 194), which owns $1,195,500
of the stock. $1,179,000 of which is pledged for the 50 million dollarsThird Avenue mortgage. In Jan., 1906, began operating Grand St.
line

by

electricity.

STOCK

&

BONDS—

Par.

Interest.

Maturity.

Outstand'g.

Q.—F. $1,200,000
See text.
.$100 6
Deo. 1, 1932
950,000
Gen mort gom,i89J $ Farmer8 g. J. -&D.
wen. mort., trold 1R92 i' 000 5 Loan
Trust Co., Trustee.
F. - A. 1,100,000
Feb. 1, 1914
Cert.ofdebtnotsub.too. 100 5
Loans payable J une 30, 1905
779,763
Road— 17-14 miles of traok, 164 cars, 5 sweei ers and 4 snow plows
Dividends—Since 1891, for fiscal year ending June 30: 1891-92
Stock, $l,200,000j

•;

TWENTY-THIRD STREET RAILWAY—Underground trolley.

.

[Vol. lxxxii.

'

5 per cent; 1892-93, 6 per cent; 1893-94, 2^ per cent; 1894-95, 413
percent; 1895, August, 1*2 p. c.
Nov., l^p.o
in 1896, 6 p. c.
in
1897, Feb., 1^ p. c; in 1898, 6 p. c; in 1899, May (Feb. div. was
;

passed),

1^

p. o.;

;

;

none since paid.

Annual Report— See report of New York City Railway.
NDEX-V. 64, p. 843, 1041; V. 65, p. 194. 568; V. 67, p. 958.
(2)

FORTY-SECOND

ST.

MANHATTANVILLE &

ST.

NICHOLAS

AVE. RY.— A horse road, but Nov. 11, 1900, changed to electricity.
The company after being in the hands of receiver from March, 1900,
Underground
was restored to solvency in 1901, receiver being discharged April 12.

Organization—Chartered Aug. 29, 1878, In November, 1895, oontrol
Organization.— Chartered October 8, 1853. A cable road from was purchased by the Third Avenue RR. bee V. 61, p. 926.
December 5, 1893, but in 1899 changed to underground trolley. In
In Dec, 1899, began to use underground electric system from Fort
January, 1900, the electric line between 125th and 162d streets Lee Ferry to the Boulevard, thenoe to Fifty-ninth Street.
was completed. Owns practically all the stock of the following:
Of the stock, $2,469,800 is pledged as security for the 50-million
Battery, 42d St. Manhatcanv. & Third Ave. mtg.; of the
Union Ry., Drv Dock East B'way
$1,500,000 2d mtg. incomes, S743.000 ar&
Nicholas Ave., Yonkers RR., Westohester Elec, Tarrytown White owned by the Third Ave. RR., of which $357,000 deposited under the
St.
Plains & Mamar., Southern Boulevard and Kingsbridge Ry.
A trafflo agreement went into effect April 29, 1899, between the Third Avenue mortgaee. on Income Bonds.— See V. 80, p. 1424; V. 82
Litigation as to Interest
Manhattan Elevated and the Third Avenue Railroad system [com- p. 333.
prising the Third Avenue RR., the Dry Dock East Broadway &
Interest.
Outstand'g
Maturity.
STOCK & BONDS.— Par.
Battery, the 42d St., Manhattanvllle & St. Nloholas Avenue RR. St'k (aut'd $2,500,000) S100
$2,500,000
and the Union Railway lines], providing for an extensive scheme
"S
i' 000
6M
1,200,000 Mch. 1, 19101st mort cold 1880^
ist mom. gom, ±»eu
of transfers at cross-town junctions, and also at the terminal
lnter est at Union Trust, N. Y. City- Trustee.
^
points of the two systems. The transfers are granted for an additional
2d mort. inc. 6s, 1885 5 1,000 6% as earned.
1,500.000 Jan. 1,1915
fare of 3 cents, making the cost of the entire journey 8 cents. For the
Union Trust Co., N. Y., Trustee.
$1,600.000
\
latter sum a passenger can thus ride from the City Hall and South
Real estate mortgage
100,000
Stetexl.
5%
Ferry to Yonkers, New Rochelle, Mt. Vernon and Larchmont. V. 68, Loans payable June 30, 1905
6,291,754
p. 672, 872. This contract expired April, 1904, but was renewed for
Bonds.— The real estate mortgage is all owned by the Third Ave. RR.
a year. Was again renewed later subiect to termination on 90 days'
Road— 24-42 miles of track, 152 cars. 2 snow plows and 2 sweepers.
notice by either company. Sept. 1, 1904, the Union Ry. began operatAnnual Report— See report of New York City Railway. V. 80, p„
express trolley passenger service between the Bronx Park Station 1424; V. 82, p. 333.
ing
of the Manhattan Elevated Ry. and New Rochelle and Mt. Vernon. V.
«fe

,.

(3)

79, p. 903.

a new loan to take care of a
large floating debt, the Third Avenue Railroad was on Feb. 28, 1900
placed in the hands of Hugh J. Grant as receiver. On March 19, 1900,
it was announced that the Metropolitan Street Railway had purchased
control of the road in the open market (at an average price, it is under
stood, of 80) and would provide for the rehabilitation of the company.
Arrangements were at once concluded through a syndicate, represented by Kuhn, Loeb & Co., for the sale of $35,000,000 of the $50,000,000 new mortgage described below, and on May 24 the property
was restored to the company, passing into the possession of the Metropolitan Street Railway Company as owners. Kuhn, Loeb & Co. offered
a block of the Bonds for sale in Deo., 1900. V. 7 1, p. 1168.
Lease.—On April 13, 1900, the Metropolitan Street Rv. Co. took a
lease of the property for 999 years. For the first four years Third
Avenue stock was to receive only the net income above expenses and
flxed charges; the next two years 5 per cent; the succeeding four years
6; thereafter 7 per cent. The first dividend under the lease (l^ per
cent), was paid on July 30, 1904.
BONDS. •P*'"- Date. Interest. Outstanding. Last div.,<£c.
STOCK
F.
$15,995,800
See text.
Stock,$40,000,000. $100
5,000,000 July 1,1937
1st mortage, gold. .1,000 1887 5 g. J. &J.
lstconsol.M.gold) ...... 1900 4g. J.&J. 36,943,000 Jan. 1, 2000
c* ($1,000, &o.), > Interest at Morton Trust Co., New York, Trustee
$50,G00.000.c<fcr ) Guar., principal and int., by end. by Met. St. Ry.
Bonds— The remaining $13,057,000 is reserved to take up the following prior liens, which the company has bound itself to pay off at or
before maturity without extension. V. 78, p. 1549. Thejbonds were
listed on the N. Y. Stock Exchange in March, 1901. See V. 70, p. 1050,
1121.
Authorized. Outstanding.
Name of company and loan.
$5,000,000
$5,000,000
Third Ave. RR. Co. 1st
2,000,000
2,000,000
Union Ry. IstM
1,200,000
42dSt. Manhatt. & St. Nich. Ave. Ry. IstM. 1,200,000
*757,000
1,600,000
2d mortgage incomes
950,000
Dry Dock East B'way <fe Battery RR. 1st M. 1,000,000
1,200,000
1,100,000
Certificates of indebtedness
1,000,000
1,000,000
Yonkers RR. Co. 1st
500,000
500,000
Westchester Electric RR. 1st
300,000
300,000
Tarryt'n White Plains ifcMam'neckRy.lstM.
250,000
250,000
Southf rn Boulevard RR. 1st

Owing

to failure of negotiations for

&

Q—

M

:

M

M
M

$14,050,000 $13,057,000
$745,000 already pledged as part security for the Third Ave. RR
4s are 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.
Jhe new bonds are guaranteed by the Metropolitan Street Railway
(lor form of guaranty see V. 72, p. 776) and are secured by the pledge
of the f ollowing stocks and bonds:
Issued.
Pledged.
Name of company.
Jnion Railway Co. of New York City stock. . . .$2,000,000 $2,000,000
2,469,800
42d St. Manhan'viUe & St. Nich. Ave. Ry. stock. 2,500,000
357,000
1,500,000
2d mortgage incomes
Do.
Dry Dock East Broadway & Battery RR. stock. 1,200,000 1,179,000
8,600
Kingsbridge Ry. Co. stock
8,600
991,400
Subscription for balance of $1,000,000 stock
1,000,000
992,500
Yonkers RR. Co. stock
500,000
500,000
Westchester Electric RR. Co. stock
250,000
248,300
Southern Boulevard RR. Co. stock
300,000
300,000
Tarryt'n White Plains & Mamaroneok Ry. stock
The Metropolitan Company is to be entitled to vote on the foregoing 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.
Total

*

UNION RAILWAY OF NEW YORK— A

trolley road.

Organization—Organized under Chapter 340 of the Laws of 1892
giving authority to consolidate the Harlem Bridge Morrisania &
Fordham Ry., the Melrose & West Morrisania RR. and the North Third
Ave. & Fleetwood Park RR. Validity of consolidation affirmed by
Court of Appeals Jan. 9, 1900.— V. 70, p. 77. Operates from 129th
St. and 3d Ave. through the Borough of the Bronx, and with sub sidiary
lines, 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 first 5 years, 6 per cent for the second, 3 per oents
for the third and 10 per cent thereafter. The franchise is for 25
years, with privilege of renewal under certain conditions for another 25 years. At the end of the term the city acquires the property, 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 Amsterdam Ave. and 162dSt
Broadway and 221st Street, making 3*125 miles additional.
Par.
Interest.
Outstand'g. Last div., <6e.
BONDS.
STOCK
$100
Stock
$2,000,000
1 000
5g-F.-A.
2,000,000 Aug. 1, 1942
1st mort 1892 goia.
mort., i»yz, gold
j Int }s payable at central Trust Co., N. Y. City.
Notes payableJune 30, 1905, $6,272,502.

to

&

—

•?

'

Guaranteed Loans—

Westch. 1st M.,gu.,p.&i \ 1,000 5 g. J. - J.
500,000
Julv 1, 1943
gold
1893
Mercantile Tr. Co. N. Y. Tru stee.
5
Boulevard*
Southern
5 g. J. -J.
July 1, 1945
250,000
RR. 1st. gold. 1895.. )
Central Trust Co . N. Y., Trnsiee.
Yonkers RR. 1st M.,>
5 A. - O.
$1,000,000
Apr. 1, 1946
$1,000,000. '96, gu.. i Guaranteed by Union Ry.
Tarrytown W'e Plains
& Mamaroneck 1st ($1,000 5 g. M.-S.
Mar. 1, 1928
300,000
mtge., $300,000, g., [ Knickerbocker Trust Co., N. Y., Trustee.
guar. p. &i.. 1898... j
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.
,

,

5

)

(4)

TARRYTOWN WHITE PLAINS & MAMARONECK

(ELEC-

TRIC) RY.—A trolley road.
Organization— Successor in 1898 to the New York Elmsford& White
Plains Ry. On April 18, 1899, Third Avenue RR. purchased all the
V. 68, p. 674.

stock.

Road extends from Tarrytown station on the N. Y. C. & H. R. RR.. to
Mamaroneck, on the Sound, and from White Plains Station on the Harlem Road to Silver Lake Park, a total of 21'05 miles. The company
oarries freight as well as passengers.

Stock

&

Bonds -

Dale.

Interest.

Outstanding.

Maturity.

Stock ($300,000), par $25
1st mortgage $300,000,) 1898

$300,000
5g M&S
300,000 Mar.l,192S
Knickerbocker Trust Co.. N. Y., trustee.
g, ($1,000) guar. p. & 1. s
BUS payable June 30, 1905
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 of New York City Ry. V. 74, p. 381.
.

(5)

YONKERS RAILROAD.— A trolley road.

Organization— The Union Ry. guarantees the $1,000,000 bonds,
p. and i., this guaranty being acoepted by the Third Ave. RR.
V. 67^
p. 635.

STOCK

&

BONDS—

Stock, $1,000,000 ($100)
lstmtgcgold, $1,000,000,

Date.

Interest.

Outstand'g.

Maturity.

$1,000,000

)1896
5 A-O
1,000.000 Apr. 1,1946
Manhattan Trust Co., N. Y., Trustee.
s

guaranteed
Billspayable June 30, 1903
973,150
ROAD— Owns 26-06 miles of track.
Annual Report— See report of New York City By.— V. 62,
644; V. 63, p. 558; V. 65. p. 515; V. 67, p. 635; V. 71, p. 30.

p.

462,

—
i-i:i5..

(h

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i

STREET RAILWAYS.

'.»(»<;.

BRONX TK ACTION CO.— A

Organization — Incorporated
of several small oompaiies.

Stock

&

In

&

trolley road.

May, 1904. and

See V. 78.

Bonds

Date.

p.

is

a consolidation

2333.

Interest.

Ou (stand' g.

Maturity.

$58,100

Stock, $585. 000. *100

Road— Operates t>-9 miles of road and 117 miles of track from
Bronx River by West Farms Road to Westchester Village; from Bronx
River I'v Southern Westchester urnplke to Westchester Village; from
.Main Street, Westchester Village, to Eastern Boulevard arid f om
West Farms Road to Bleeoker Street. Standard gauge; 109-lb. rails
Office RS— Pres., Edward A. Maher; Sec. and Treas., Raiue Martin;
i

Supt., Jas. Carrigau.

V. 78. p. 2333.

NEW YORK WESTCHESTER
RY-To

& BOSTON

bo a third-rail road.

Organization —Incorporated in 1872 and in 1875 went Into the
hands of a receiver, where it continued until Decen ber, 1903, when
the present owners acquired control
S-e V. 78, p. X43. Messrs. Dick
& Robinson have agreed to underwrite .+15,000 000 of the new bonds
for $13,500,000
See detailed statement in V. 79 p. 501. The franchise to oi>' rate in New York Cit.v was signed by Mayor McOlellan on
Aug. 2, 1901. V. 79, p. 6 IS. Capital f-too« (forneriy $1,000,000) was
In Nov.,
inoreased .hi July 26 1901, to S-0,000,000. V.
9, p. 270
1904, RR Commissioners approved the increase of scock and the
making of the new * 0,000,000 mortgage. In Jan., 1906, certain of

the interests in Hie rival N. Y <fe Portehester Ry. sever* d their connection with that company and became interested in the N. Y. West
& Boston Ry. (V 8*,p 219, 392); parties identified witu the latter
also purchased the control of the N. Y. Railroad >v Development Co.,
which was organized to bu Id the New York & Port Chester.
Daie. Interest. OuManrt'o.
Maturity.
BONDS.—
S T OCK
8tOCk, $20 000 000 ($100)
$19,000,000
1st mortgage $20,000,000)
1904 5g. A-0 15,000,000 Oct. 1. 1954
N. Y., Trustee.
gold ($1,000)
...i<fcr S Knickertiocker Trust Co
Bonds.— Will be subjecr, to call on or after 1909 at 110 and interest.
Road.— Is to build a line of four tracks 22' .22 m. in length from 138th
St.. New York City, to Portehester, with a brauch from Peihaw via
Mount Vernon and Soarsdale to White Plains, 13-21 m., and a branch
of 6*06 m. to Clason's Point and Throgg's Neck, making (with four
and three tracks) a total of 108 93 miles of track. Will be operated by
the third-rail system and have fenced-in piivate right of way with no
grade crossings. 90-lb. rail. For fuil desoriptio of proposed road,
-ee V. 79, p £01. Construction begau on June 3, 1905. V. -0, p. 2458.
OFFICERS.— President, William L. Bull; Secretary and Treasurer.
R.'yal C. Colman. Office, 30 Bioad St, New York. V. 81, p. 668,
841; V. 82, p. 219, 392.

&

,

Maturity.
Date. Interest. Outstanding.
BONDS—
Stock
30t',000
Stock,auth.,$300,000 ($100)
1928
300,000
.
.
5 g.
„„„„ $300,000 ( 1898
t o nn n nn
8
g
)
Int a t Real Est. Title Ins. & Trust Co.,
/«i
($1,000), gom
^ Philadelphia, Trustee
65.765
Loans payable June 30, 1904
Road— owns and operates 27*89 miles of track; 17 cars.
Officers— President, T P. Chambers; Secretary, Geo. C. Worstall;
Treas. <te Gen. Man., A. Chambers; Supt., J. W. Keener.

SS

NEWARK, N. J.— (See Jersey City, N.
NEWBURG, N. Y.
ORANGE COUNTY TRACTION CO.-Trolley.
J.)

Organization— Organized

Oct. 16, 1901, and acquired the Newburg
Electric Ry. 'o., sold under foreclosure. Under the reorganization no
dividends were to be paid on the shares for three years, all surplus
earnings to be used f.>r betterments and additions. The Newburg
Electric 1st mortgage bondholders and the Walden & Orange Lake
RR. and the Newburg & Orange Lake RR. agreed to a reduction in
their interest from b 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 Feb., 1906.
Date. Interest. Ou(s('d'ng. Maturity.
BOND'STOCK
<

&

Stock $150,000, par $25
$150,000
Pf., $175,000 6% non-cum. $25
175,000
Newb.Elec.lstM. ($250,000) J 1894 5g. M-N
250,000 May 1, 1944
g., ($500) not sub. to call \ Int. at Knick. Tr. Co., Trustee, N. Y. City.
Walden & O. L. 1st Mort. g. \ 1895 5g. J-D
100,000 Junel.1945
guar. p. & i
Brooklvn.
I Int. at Hamilton Trust Co.
Newb. <fe Orange Lake 1st $ 1894 5g. J-J
75.000 July l", 1944
M., g., $500, p. & i. guar .c* ( Int. at Knick. Tr. Co., Trustee, N. Y. City.
New mortgage $100,000, g. 1904 5g. A-O]
None.
1924
Loans payable June 30, 1905
32,750
Road— Owns 19*89 miles of track (Including Walden & Orange
Lake 5-29 miles and Newburg & O. L. 5 40 miles).
REPORT— For the years ending June 30 (Newburg Elect.)
Gross.
Net.
Oth. Inc. Int., tax, die. Bal.,sur
1904-5
$119,271
$4tf0
$30,i32
$34,928
$4,956
1903-4
112.760
26,240
855
29,018 def. 1,923
Pres., W. H. Hascy; Vice-Pres. and Treas., W. H. Pouch;
Officers—
Sec, A. B. Pouch; Supt., O. G. Pouch.— V. 78, p. 1962.
,

.

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NEWBURYPORT, MASS.
ELECTRIC STREET

RY.-Trolley.
Organization.— Incorporated In April. 1899, and purchased franchises and property of the STewburyport & Amesbury RR. and Plum
Island Street Ry., and reconstructed the property.

STOCK

&

BONDS—

Date.

Outstanding. Maturity.
J-J
$240,000"
Jan.,'06, 2^
Dec. 1, 1S20
210,000
ist
1st m. $230 000 goia.... 51900 5g. J-D
^u.uuo, gold
^
Beacon Trust Co., Boston, Trustee.
Notes & bills payable Sept. 30, 1905
32,803
Dividends— For fiscal year ending 1901, 8 p. c; 1902, 7 p. c; 1903,6
p. c.;ln 1904, 5^ p. c; In 19c5. 5 p. c; in Jan., 1906. 2^ p. c.
ROAD— Owns about 23 miles of track in Newburyport, including
lines to Haverhill, Amesbury and Plum Island. Operates 43 cars.
Earnings— For fiscal year ending Sept. 30, 1905, gross, *97,963;
net, $38,204; int. and taxes, $19,955; div., $12,000; surplus, *6,249
OFFICERS—President, Jas. F. Shaw, Beaton: Treas'r, G. A. Butman,
8 Congress Street, Boston; 8upt., O. F. Files, Newburyport. Office 33
Market Square, Newburyport.— V. 72, p. 44.
Interest.

Stock, $240,000, $100

NIAGARA FALLS,

NEWPORT,

R.

Stock &
Common, $3<j0,000, $100

Bonds—

Date.

Pref.,cum.,$200,00o,$100
1st mtg„ #350.0 0, gold) 1904

Interest.

A-O

I.

RY.

CO.-Trolley.
Outstanding. Maturity.
mw """»$200 000
200000

30o!oOO Apr'l Ta24
Trust Co., Boston, trustee.
Bonds— No sinking fund, and bonds are not subject to call.
EARNINGS.—For year ending June 30, 1905, gross, $25,141; detteit

$500 and

$i,i 00)

c*

5

5

g.

Int. at State St.

$5,060.

Road- Operates 12 miles
to Bristol Ferry,

of track (completed In 1904) from Newport
is made by ferry to Providence- 70

where connection

and 90 lb. T and girder rail.
Officers- Pres., E. A. Brown; Vice- Pres, Melville Bull; Sec. Geo. A.
Weaver; Treas., Geo. E. Macomber; Mgr., W. J. Jones.- V. 78, p. 2519.

NEWTOWN ~P A.
NEWTOWN ELECTRIC ST. RY.-A
Organization— Chartered Deo. 17, 1896.

town Langhorn

&

In 1898 leased the

New-

Bristol St. Ry., chartered in 1895. The Railways
of the bonds, and in Mar.. 1905
brought suit for recovery of unpaid interest. Application for a re-

Company General owns $200,000
ceiver

was made but was afterwards withdrawn

J

& Lewiston,

3,

sold at receiver's sale

i

&

JD

8ee text.
June 1,1925
& Lew. 1st M„ ) 1895 Pg
$1,000,000 (>i,00O)...o* S Int. at Knick. Trust Co., N. Y.. Trustee.
& Lewiston when sold at foreclosure was
Bonds. The Niagara Falls
These bonds are
sold subject to the $1,000,000 mortgage above.
Niag. Falls

owned by the company and hypothecated as collateral for $748,000
loans pa} able.
Road—Owns 147 miles of track from Niagara Falls to Lewiston, and
leases Lew. & Youngst. Fr.. *-7 miles, trackage rights, 2 miles; total
operated, 25'4 * miles; 27 passenger and 4 other cars
Earnings— For year ending June 30, 1905, gross, $12", 363; net,
$50,953; oharges. $52,790; deficit. $1,837. For « months to Dec. 31,
1905, eross, $112,513; net income, $71,614; charges, $26,945; surplus, $44,669
Officers— Pres., Jos. T. Jones; Vice-Pres., Herbert P. Bissell; Sec,
Robert E. Powers; Treas., and Gen. Mgr., Bert. L. Jones. Niagara
Falls.— V. 68, p 332, 1077, 1133.
( I )

LEWISTON & YOUNGST >WN FRONTIER RR —

Organization.— Chartered August, 1895. Owns from Lewiston to
Voungstown, 7"3 miles completed in August, 1896; branch to Rumsey
Park, 1 mile; sidings, *2 m.; trackage, 2 in.; total, 8 7 miles.
Is leased by the Niagara Gorge RR.
Interest.
Outstanding.
Maturity.
Bonds— Date.
Stock
Stk.,$150.000($100)
$134,000
1st mtg., $150,000 < 1896
6 g. J-D
134,000
Junel.1926
($1,000), gold c* \ Int. at Buffalo L. Tr. & S. D. Co., Buffalo, Trustee.
;

-

-

&

NIAGARA steam road.
RIn Jan., 1905, and ST- CATHARINES & TORONTO
Y. — Eieotric
the present interests acquired control. V. «0,
651.
p.

Canada. A consolidation of The
Niagara Central Ry., the Niagara Falls Wesley Park & Clifton Tram.way Co and the Port Dalhousie St. Catherines & Tnoroid Electrlo
Street Ry. Franchise perpetual. Owns and operates Niagara 8t
Catharines & Toronto Nav. Co; also transports freight.

Organization -Incorporated

STOCK

& BONDS

in

Date.

Interest.

Outstand'g. Maturity.

$925,000
1899 5gM-N
722,000 Nov. 1, *29
f
Ry. 1st mort, g. ($l,000i o \ Int. atCanadian Bk.of Commerce.Toronto,
and Bank of Scotland, London.
($1,000 or *205 9s. 8d )*
I Nat'l Trust Co., Lim., Toronto, Trustee.
1903
5 g M-N
Nav Co 1st M *250 000< Intat Canadian Bk.of 200 000 Nov. 1, '29
Corn/Toronto & N. Y.
«£
i«i <Vnm 7* 9<vTq« 8d.)g.C 1
(it.1,000) (i^05. 98. fw icr
Nat>1 Trugt Co Lim Toront0( Tru8teei
Interest also at Bank of Scotland!, London.
Bonds— Of the Railway bonds $20,000 per mile Is authorized
and issued. $60,000 of these bonds is reserved for prior liens.
See V. 75, p. 667. The Navigation bonds are guaranteed by the Railway, p. & i., by indorsement. Neither issue is subject to call, but the
$6o.000 prior liens can be called at any time on 30 days' notice.
Road— Operates 36T miles of track, not including sidings. Runs
from Niagara Falls, N. Y., and Niagara Falls, Ont., to Port Dalhousie
on Lake Ontario, passing through St. Catharines, Merritton and Thorold. 65-lb. steel rails, 30 passenger cars, 16 freight cars, 1 electrlo
locomotive, 1 steam locomotive, 2 electric snow plows and 14 miscellaneous cars Extension contemplated from St. Catharines to
Toronto by way of Hamilton. Application for permission to build several extensions has been made to the Dominion Parliament.
Report- For years ending Dec 31:
uper exv.
Net.
year —
Gross.
Charges
Surplus.
1905
.$246,311
$155,675
$90,636
$ 46,875
$43,761
1904
223,924
141.497
49.462
82,427
32,965
8tock, $1,000,000

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^

f

Officers— President, Fred. Ni'hols, Toronto; Vice-President, E. R.
Wood, Toronto; Secretary -Treas'r, iEmilius arvis, Toronto, Canada;
Asst. Secetary and Treasurer, C. E. A. Goldman; General Manager.,
.1

E. F. Seixas. St. Catherines.— V. 78, p. 343, 989; V. 80, p. 651.

NORFOLK,

</A.

TRANSIT CO.-Has been absorbed
CHESAPEAKESee
by Norfolk
Southern.
Railway and Indcstkial Sec<fc

latter in

tion.

NORFOLK PORTSMOUTH
NEWPORT
NEWS CO- under an Aot the General&Assembly Virginia
a consolidation
of

Ib

of

approved March 29, 1902, of the Port Norfolk Electric Ry., Portsmouth & Smithtleld RR. and the Portsmouth Pig's Point <fe Newport
News Ry., Ferry & Hotel Co., formerly known as tie Norfolk Portsmouth & Newport News Railway Co. Also owns Portsmouth Electrio
& Gas Co. and the stock and bonds of the Old Dominion Ry.

&

Date. Interest. Outstanding. Maturity.
BONDS
STOCK
'....
$990,100'
Stock, $1,500,000
936,000 June 1, 1942
1st mort.,, $1,500,000, > 1904 5 g. J.-D.
Int. at North Amer. Tr. Co., N.Y., Trustee.
gold ($1,000)
c* S
Income M., $1,000,000, ) 1904 5 g. F.-A.
629,000 June 1,1942
Int. at Richmond Tr.
S. D. Co., Trustee.
g. ($1,000) non-cum. c* s
Bonds.—The income 5s are subject to call at par on any interest date
upon 60 days notice and the first 5s at 105 and Interest.
Earnings.— For the year ending June 30, 1905, (including the Old
Dominion Ry.), gross. $359,441; net, *87,7ii8; fixed charges, $61,863;
other expenses, $1,595; surplus, *24, 270.
ROAD— 24 miles of track, including the old Dominion Ry. 38 cars.
OFF'CERS -President, R. Lancaster Williams, Richmond; Vice-Pres.
Caldwell Hardy, Norfolk; 8ec. Wallington Hardy, Norfolk: Gen'l Mgr.,
E. C. Hathaway, Norfolk; Treas. & Auditor, W. J. Kehl.

&

RAILWAY & LIGHTNORFOLK On November 1899, was formed by consolidation
Organization.—
2,

trolley road.

N. Y.

RR. -Electric.
in New York one

1899. as successor
May 23. i899.
Extends from Onondaga Street, Lewiston, along the bank of the
Niagara River to the city of Niagara Falls. Was formally opened
.luly 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 'o. Has agreement with
the Niagara Falls Park & River Ry. Co. allowing cars of the Gorge
Road to run over that company's lines across the arch and Suspension
Rridges to Table Rocl and Dutferin's Island. Leases the Lewiston &
Youngstown Frontier RR.
Date. Interest. O tstand'g
Maturity.
Bonds—
Stock
....
$1,000,000
Stock, $1,000,000 ($100)
to the Niagara Falls

M

NEWPORT & PROVIDENCE

.

GORGE
NIAGARAIncorporated
Organization—

i

CITIZENS'

05

&

of the following: Norfolk Street RR., Norfolk
Ocean View Ry.,
Virginia Eieotric Co. and the Berkeley Light
Power Co. The company controls the street railway, eleotrio lighting and power
business of the citv of Norfolk and owns a line of railway and steamers to Old Point Comfort; also owns 4,011 shares out of 5,000 shares of
the stock of the City Gas Co. of Norfolk. On Aug. 30, 1904, the City
Gas Co. purchased the Berkeley Gas Co. V. 79, p. 968.

&

—

:

STREET RAILWAYS.

G6
Stock

&

BONDS—

Date.

Interest.

Maturity.

Outstand'g.

$1,650,000
125,000 Jan. 1, 1913
1888 6g. J-J
$
c(Int. atMer. Trust Co., N. Y. City, Trustee.
$1,000
20,000 Apr. 1, 1928
Virginia Eleo. Co. 1st M., $ 1898 5 A.&O,
gold ($1,000)
I Int. at U. S. Mort. & Tr. Co., N. Y..Trus.
Jan. 1, 1944
915,000
Norfolk Street 1st oon.'M., S 1899 5g. J-J
$1,000,000, g. ($1.0O0)c. / Int. at Mere Tr. & Dep. Co., Bait., trustee.
Norfolk Ry. & Lt. 1st con. > 1899 5g. M-N 2,940,000 Nov. 1, 1949
M., $4,000,000, gold, > Interest at International Trust Co., Baltio*) more, trustee.
$1,000, s. f
Bonds— Of the new 1st con. 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.
See V. 70, p. 584.
Earnings— For vear ending June 30, 1905, gross, $690,268; net,
1298,278: less deductions and adjustments, $15,892; balance of
Income, $282,386; taxes and interest. $229,365; surplus, $53,021.
Road and Equipment.— Owns 54-69 miles of track. Gauge, 5 ft. 2*3
66 passenger oars, 12 freight cars, 2 other oars, 1
in. and 4 ft. 8*9 in
power station; also owns two steamers, which operate to Old Point
Comfort and extensive real estate and buildings at OceanView, including large hotel, theatre, pavilion, restaurant, etc., which are leased for
the season at $12,000.'
Officers— President, R. Lancaster Williams; Vice-Pres. &Gen. Mgr.,
E.C. Hathaway; Sec.-Treas.,W.J.Kehl.— V. 79, p. 270, 968; V. 81, p. 508.
Stock, $1,650,000 ($25)
Norfolk City 1st M., gold,

;

NEWPORT NEWS
WAY & ELECTRIC-AND OLD POINT RAILNews „
Hampton &
Newport „
Organization.— In 1898 purchased
the

& Power Co. at
Hampton, Va. Later acquired the Citizens' Ry. Lt. & Power Co., the
Newport News Gas Co the Norfolk & Atlantic Terminal Co. and the
Old Point Railway and acquired the Chesapeake Light
,

Danville Ry. & Electric Co. In Nov., 1905, acquired entire capital
stock of the Hampton Roads Traotion Co., successor to the Hampton
Roads Ry. & Eleo. Co., sold under foreclosure, andcomprising 21 miles
Controls the electric lighting, power, gas and ice business
of track
In Newport News, Hampton, Old Point and Phoebus.
Maturity.
Date. Interest. Outstanding.
Bonds—
STOCK
$1,075,000
Com.,$l,075,00O.($100)
5 J.-J.
725,000 July 2, *02,2
Pref., 5 p. c. cum. ($100)
Nov. 1,1938
5 g M-N
900,000
1st M., $900,000, gold, > 1898
5 Int. at Alex. Brown & Sons, Baltimore, Md.
($1,000 each)c*
5g.M&N
May 1, 1940
800,000
1st M.Cit Ry.Lt.&Pow.) 1900
$800,000 ($1,000), g.o* > Md. Trust Co., Baltimore, Trustee.
Guar. prln. and int.. ) Int. at Alex. Brown & Sons, Baltimore.
«»„ luvvrf
nnnnnnC 1901 5 g M-S 1,700,000 March 1, 1941
Lnt. at Alex. Brown & Sons, Baltimore, Md.,
™i* ,«i
Iom,! o*
gold ($1,000 eaoh) «« i or
at Co 8 agenoy , n New York
I
Bonds— The Maryland Trust Co., Baltimore, is trustee of both the
mortgages of the Newport News & Old Point Ry & Eleot. The Newport
News bonds of 1898 are subject tooall at 110 on any interest day at 60
days' notice, and so are the bonds of the Citizens' Co. The latter are
guaranteed by the Newport News Ry. & Eleot. Co. See V. 71, p. 84.
Of the $4,000,000 General Mortgage bonds, $1,700,000 have been
issued; $1,700,000 are reserved by the trustee to take up at maturity
the outstanding bonds of the Newport News & 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., Norfolk and
Atlantic Terminal Co. and Danville'Ry. & Elect. Co
Road.— Including Citizens' Railway, Light & Power Co. and the
Hampton Roads Traction Co (but exclusive of Norfolk & Atlantic
Terminal and the Danville Ry. & Eleo.) operates 51 miles of track.
OFF'CERS— Pres Wm. J. Payne, Richmond; Vice-Pres., George A.
Sohmelz, Newport News; Seo'y, D. C. Zollickoffer, Richmond; Treas.,
H. L. Schmelz, Hampton; Gen. Man., H. H. Carr, Hampton; Auditor,
F. von Schilling, Hampt on.— V.7?. p. 147.82 4; V. 81, p, 1551.

&

%%

^

™n

,

,

NORTH ATTLEBOROUGH,

MASS.

INTER-STATE CONSOLIDATED ST- to RYthe InOrganization— Organized as successor in Massachusetts
ter-State Consolidated of

&

Bonds—

Rhode

Island.
Date. Interest.

Outstanding.
Lastdiv.
Stock, $275,000, par $100
$275,00 In '04-5, 7%
Owns 20-55 miles trolley track and 1-10 mile sidings,
ROAD—
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, 1905: Gross, $152,036; net,
$32,194; taxes, $7,674; dividends, $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. j 3, p. 23 6.

Stock

1

NORTHAMPTON, MASS.
NORTHAMPTON STREET RAILWAY-A

trolley road.

Organization— Chartered Feb.

26, 1873.
Date. Interest. Outstand'g. Div'nds,dtc.
$300,000f.p.8ee text
J-J

Stock, Bonds, Etc.—
Stock, $300,000, par $100

5A-0

(1888

25,000

Apr.

&

lstM.,notsubj.tocaU($500)o^Int

1,

1909

at Springfield S. D.
Tr. Co.,
( Springfield, Mass.
mortgage, $200,000.... 5 1900 4*« J-D 200,000 June I, 1910
New
c. \ Int. at 3d Nat. Bank, Pittsfield, Mass.
($10,000)
Loans and bills payable Oct. 1, 1905
200,000
Bonds.—The new mtge. 4 1* p o. 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. o.; in 1902, 8 p. o.; in 1903, 8 p. c: in 1904,
6 p. c; in 1905, 6 p. c On Dec. 27, 1905, 3»s p. o..
Road— Operates 26-578 miles of track, Including extension to Holyoke and extension from Mt. Tom Junction to Easthampton. Operates
44 passenger cars, 4 snow plows and 110 electric motors.
Annual Report—For years ending Sept. 30 earnings have been

1905.
1904.
1905.
1904
$151,204 $149,387 Bal. for div'nds.. $19,328
$8,921
47,402
39.266 Dividends
18,000
18,000
Net
28,074
30,345 Bal. for year... sur. 1,328 def.9,079
Int., tax., etc..
Pres., C. Hammond, No. Hampshire, Mass.; Sec, H. P.
Officers—
Field, Northampton; Vice-President and Treas'r, N. D. Winter, SpringI

Gross

I

I

field;

Supt.,

Edwin

C. Clark,

Northampton.— V.

70, p. 842, 1049.

CONNECTICUT VALLEY STREET RY.-A

trolley road.

Organization— Incorporated In 1899. Commenced Jan. 22,1900.
Amherst St.
Is a consolidation on April 1,1905, of the Northampton
Ry., the Greenfield <fe Turner's Falls St. Ry. and the Greenfield DeerNorthampton St. Ry., as per plan in V. 80. p. llli.
field
Date. Interest. Outstand'g. Maturity.
STOCK
BONDS—

&

&

'

&

Stock, $500,000, $100

$500,000
40,000 Sept. 1. 1920
Int. at Old Colony Trust Co., Bost., Trust.
M., gold ($1,000)
c* 5
Northampton \& Amherst) 1900 5 g. M&8 180,000 Sept. 1, 1920
1st M., $180,000, gold, £ Interest at Old Colony Trust Co., Boston,
Trustee.
(#1,000)
o)
Greenfield Deer. & North.) 1903 5 g. J-J
150,000 July 1, 1923
1st mortgage, $150,000, > Int. at Mercantile Tr. Co., Boston, Trust.
No s. f. and bonds cannot be called.
c* )
g. ($1 ,000 and $500)

Conn. Valh-y

St.

Ry. 1st) 1900

. . .

5

g.

MS

&

STOCK

[Vol. lxxxii.

BONDS—

Date.

Tur. F. 1st mort., g
sinking fund

Gr.

<te

s

Gr.&Tur.
000,

g.

Outttand'g.
Maturity.
5 g. J&D $86,000
June 1, 1916
Interest at Beacon Trust Co., Boston,

F. cons.M .$130,($500, $1,000). . c*

—

Interest.

1896

)

,

>

1903

S

Int. at

5

g.

J&D

June

44,000

Beacon Trust

1923

1,

Co., Boston, Trus.

Bonds Greenf. <fc Turn. F. 1st mort. (orlgirjally $100,000) provides
for the payment of $2,000 annually from 1897 to 1915, inclusive,
at a premium. Sufficient of the consols are reserved to retire the first
mortgage bonds at maturity. The Northampton & Amherst bonds are
subject to oall after Sept. 1, 1910, at 105 on 4 weeks' notice, as are the
bonds of the Conn Valley St. Rv. The $40,000 Conn. Val. bonds were
Issued under the first mort. of the North. & Amherst St Ry.
Earnings— For 6 months ending Sept. 30, 1905, gross, $94,556; net;
$35,818; fixed charges, $17,340; surplus, $18,478.
ROAD—Owns and operates 50 miles of traok between Miller's Falls,
Turners Falls, Greenfield, Northampton and Amherst.
OFFICERS— Pres., F. E. Pierce; Sec. and Treas., D. P. Aberoromble.
Jr.; Supt., J. A. Taggart.-V. 80, p. 872, 1111; V. 82, p. 48.

NORTON, MASS.
NORTON & TAUNTON STREET RAILWAY
—Trolley.
This

a consolidation of the Norton

is

& Attleborough Street,

& Taunton

Electrlo,

the

the Mansfield & Norton Street, and the
being oterated by a bondholders' committee. Stock, $297,000. 1st mort. 5% gold bonds, $296,000, due
May 1, 1920.
ROAD—Owns 29-83 miles of traok; gauge, 4 ft. 8^ in.; 56 and 90 lb.
T and girder rails. Operates 36 motor oars.
Earnings— For year ending Sept. 30,1905, gross, $52,930; net,
$7,083; interest and taxes, $16,657; deficit, $9,574.
Officers— Pres., Daniel Coolldge, Philadelphia; Vice Pres., G. L.
Wetherell, Boston; Treas., C. H. Kna>t>, 53 State St., Boston; 8eo'y,
R.
He wins; Supt. and Purch. Agent, R. W. Hewins, Norton.—V. 70,
p. 1049.
_

Norton

Mansfield

& Easton.

Road

Is

W

NORWOOD, MASS.
NORFOLK & BRISTOL STREET RAILroad.
WAY—An
electrio

Organization— Incorporated under Massachusetts laws

in 1901, as
successor by purchase at foreclosure on Oct. 8, 1901, of the Norfolk
Southern Street Ry. Commenced operations Nov. 15, 1901.
Bate.
Outstanding.
Maturity.
STOCK
BONDS— Date.
Stook, $200,000 ($100)
$200,000

&

0l d

%i5&of.

'

°*

.

1901
i

Current

liabilities Sept. 30,
Earnings— For fiscal year

None 8e P 30 19y 53
«..
1905
236,170
ending Sept. 30, 1905: Gross. $55,718;
'

def. from operation, $1,903; fixed charges, $12,462; total def ,$14,365.
Road— Owns 21 miles of track, connecting Norwood, Mass., and
Mansfield, Mass., with two small branches; including also extension
from Foxboro to Wrentham, S^ miles. Owns 23 cars.
Officers— President, E. D. Codman, Boston; Treas., H. F. Smith,
Boston; Managers, Stone & Webster, Boston Gen. Mgr., E. J. B. Huntoon, Canton J ot., Mass.— V. 73, p. 338, 723, 843, 1112, 1160.
;

OAKLAND, CAL.

OAKLAND TRACTION CONSOLIDATED.-

Trolley.

Organization— Incorporated in California Sept 30, 1904, and is a
consolidation of the Oakland Transit Consol. and the Webster Street
Park Ry. See V. 79, p. 1462. The Oakland Transit Consolidated
was a oonsolination on Mar. 29, 1902, of the Oakland Transit and the
Oakland San Leandro & Hayward's Elec. Ry. Consolidated.
Controlled by " Realty Syndicate." Franchises expire from 1933 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.

&

Date.
BONDS—
STOCK
Stock, $7,050,000, $100
Gen. consolidated mort-) 1905

gage $7,000,000
($1.000)
1st cons. M.,

gold

Interest,

vumand'g.

Maturity.
$7,050,000
2,174,000 Jan. 2, 1933
Int. at Wells Fargo &. Co., Bank. N. Y. &

\

*g. J J

o)SanFran.; Union Tr

Co.,

San Fran.,

trust.

,806,000 ) 19Q2
g g j.j
Oakland Transit Con., Union Trust Co., San 1(306000 July lf 1932
Francisco, Trustee.
c*
g„ s. f. ($1,000)
5 g J-J
1,600,000 July 1, 1931
( 1901
1st con. s. f. M. Oak. Tran. "
Mercantile Trust Co., San Fran.,
$3,000,000 ($l,000),g..c* Int. at Wells Fargo & Co. Rank, trustee.
N.Y.& S.F.
1st mtge. Oakland Transit" 1898
6 g J-J
1,400,000 July 7. 1918
$1,400,000, g., 8. 1., not! Int. at Wells Fargo <s, Co. Bank, N Y. and
8. F or at Cal. Safe Dep. &Tr. Co., trust.
sub. to oall
c*
Bonds— Of the $7,000,000 Oakland Trao. Cons, mtge., $4,806,000 are
reserved to retire prior Hens and remainder for extensions and improvements. A sinking fund begins in 1906 which will retire $6,000,000
bonds by July 1,1928. See V 81, p. 668. Of the 1st cons, mtge 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. 2385. A sinking
fund for these bonds commences in 1903 and ranges from $10,000 to
$250,000 per year, which will retire at maturity $4,000,000 bonds.
Bonds not subjeot to oall, but may be purchased for sinking fund in
open market. See V. 75, p. 135. Of the $3,000,000 1st consols Oakland
Transit, $1,400,000 reserved to retire underlying liens at maturity. A
sinking fund commences on these bonds in 1912 which will retire or
provide for $2,000,000 of the bonds on or before maturity. Interest
on both oonsol. mtges. is payable at Wells, Fargo & Co. Bank in New
«

(

,

York and San Francisco.
Dat'..
BONDS
Oak.San Leandro & Hay. ) 1892

Interest.

Outstanding.

Maturity.

6g M-S
$250,000 Mar. 1. 1922
Ry.lstM.g. ($1,000.).. £ Int. at Wells Fargo & Co Bank, N. Y. & S. F.
$250,000 Mar. 1. 19-23
23d Ave. Ry. 1st mort., 1893 6gM-S 15
gold($l,000)
5 Int. at Wells Fargo & C«. Bank, N. Y & S. F.
Mortgage trustee is the Calif ornia Title Ins. & Trust Co., San Fran.
Bonds— Both mortgages have sinking fund commencing ten years
after date and increasing from 2 per cent vearly (of total bonds outJ

standing) for the first five years to 8 per cent for last five years. The
bonds are not subjeot to call before maturity.
Report of combined properties for calendar year 1905: Gross,
$1,441,471; net, $701,103; oharges, $392,955; surplus, $308,149.
ROAD— Operates 150 miles of trolley, extending from Oakland to
Alameda, Piedmont, Berkeley, Fruitvale, East Oakland, San Leandro

and Haywards.
OFFICERS— President, E. A. Heron; 1st Vice-Pres.. Henry Wadsworth;
2d V. P. and Gen. Mgr., W. F. Kelly; Treas.. F. C. Havens; See,
8amuel J. Taylor; Ass"t. See, F. W. Frost; Ass't Gen. Mgr., J. Q.

Brown.—V.

80, p. 1479; V. 81, p. 668.

OGDENSBURG, N. Y.
LAWRENCE GAS.ELECTRIC & TRANSPORTATION COST

Organization.— This company was incorporated in New Jersey
and controls, through ownership of stock, the Ogdensburg Street Ry
Ogdensburg Gas Co. and the Ogdensburg Power & Light Co., and
,

))
'

Feb.,

1

STREET RAILWAYS.

<)<)»>.

int. of the bonds of the former two. The colbonds were issued for the purpose of taking up the outstanding remainder of the shares and bonds of controlled companies.

guarantees both prin. and
lateral trust

&

Interest. Outstanding.
Date.
Maturity.
BONDS—
STOCK
$1,000
Stock, $400,000 ($100)
5 g. J- J
400,000 July 12, 1920
Coll. tr. mtge.. $400,000 ) 1900
o* s Int. at Trust Co.{of Amer., N. Y., Trustee.
($1,000) gold
No sinking fund and bonds cannot be called.
OFFICERS—Chester SDyder, President.

(1) OGDEN8BURG STREET RY.— A trolley road. The St. Lawrence
Gas, Electric & Transportation Co. owns all of the stock and all of the
bonds ($150,000 of eaoh) of the Ogdensburg Street Ry.
Road— Owns 10 miles of track, laid with 52 and 48 lb. T rails.

OIL CITY, PA.

VENANGO POWER & TRACTION CONew Jersey and a consolidation
ORGANIZATION.— Incorporated

In
is
the electric railways in Venango County, Pa., viz.. the Citizens'
Traction Co., Oil City Street Ry. Co., Oil City Rouseville A Franklin
Power Co., Franklin Electrio Ry. and Station
Ry., Citizens' Light
Ry. Co. Furnishes lights to the towns along Its line.
Interest. Outstand'g.
Date,
Maturity
STOCK
Bonds—
Stooi, $1,000,000 ($100)
$1,000,000
1st mortgage, $1,000,000, ) 1901 5 g. J.-J.
1,000,000 July 1, 1931
Int. at Colonial Trust Co.. N. Y., Trustee.
gold ($1,000)
o* s
Bonds. All bonds and stock of constituent companies are pledged.
Bonds are subject to call on any interest date prior to 1911 on 30 days
notice at 115 and int. and thereafter at 105 and int. V. 74. p. 1253.
Earnings— For year ending 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 T and
girder rail. Owns Monarch Park. Has 54 passenger, 9 eonstruct'n cars.
OFFICERS— President and Manager, Daniel J. Geary; Vioe President,
Wm. Hasson; Secretary and Treasurer, Wm. B. Filson.—V. 76, p. 267.

of

all

&

&

—

OKLAHOMA CITY, OKLA.
OKLAHOMA CITY RY. CO.-A

Organization— Incorporated in Ofelahomaon June 14, 1904. and was
suooessor on July 1, 1904, to the Metropolitan Ry. Co. City franchise
perpetual, ana exclusive on streets oocupied.
Date.
Interest.
Outstanding.
BONDS—
STOCK
Maturity
Stock. $1,000,000, $100
$1,000,000'
...
1st M., $1,000,000, g.) 1904
5g J J
350,000 July 1, 1934
($1,000)
o' 5 Int. at Iron City Tr. Co., Pittsburgh, Trustee.
Bon it.— $650,000 are reserved for future extensions and improvements at 90 per cent of value, and issuable only when net earnings
are double interest charges, including interest on bonds to be issued.
Are subject to call In any amount at 110 and interest on and after
July 1, 1914. See V. 79, p. 213
Earnings- For year ending Deo. 31. 1905, gross, $125,768; net,
$55,950; fixed charges, $22,109; surplus. $33,841.
ROAD— Operates 1574 miles of track in Oklahoma City and suburbs
and has 2-25 miles additional under construction; 31 oars.
Officers— Pres., A. H. Classen; Vice Prcs., J. W. Shartel: Treas.,
G. H. Brauer; Sec. and Aud., H. M. Brauer; Supt., C. W. Ford.— V. 79,

&

P. fclO,

OLEAN, N. Y.
THE OLEAN STREET RY-A

trolley road.

Stock, $300,000 ($100)
$300,000
Shinglehouse RR 1st 01, > 1903
5 g. F-A
60,000
Feb. i 1933
gold ($1,000)
o J Interest at First National Bank, Olean.
1st mortgage, $225,000, < 1899
5 g. M-N
204,000 Nov. 1, 1929
o* I Interest at Fidelity Trust Co.,Buffalo,Trust.
($1,000), gold
2d mortgage, $60,000, < 1899
5 g. M-N
53,500 Nov. 1, 1914
o* * Interest at Fidelity Trust Co., Buffalo/Trust.
($1,000), gold
exten. M., $130,000 ) 1901
1st
5 g. F-A
124,000 Aug. 1, 1931
($1,000) gold
c* >Int'st at Fidelity Trust Co., Buffalo, trustee.
Cannot be called.
Sinking fund of $2,0o0 commences in 1905
)

2d extension mortgage, { 1901
5 g.F-Arj
25,000 Aug. 15, 1931
$25,000 ($1,000) g..c* ) Int'st at Fidelity Trust Co., Buffalo, trustee.
Bonds can be oalled at any interest date on 30 days' notice.
Salamanca ext. mtge. > 1905
5g J.-J
None. Jan. 1. 1935
$350,000 g. $l,oo0, < Int. at Empire Trust Co., N. Y,, Trustee.
Bonds— Sinking fund on 1st mortgage of 1899 became operative in
Nov., 1901, $4,000 being paid annually; $21,000 had been paid to Feb.
1, 1906. Bonds cannot be called. A sinking fun'1 on the 1st mtge
extension bonds became operative Aug. 1, 1903; $6,000 has been paid
Into the fund Aug. 1, 1905, $1,000 per annum is payable as a tinning
fund on the Shinglehouse RR. bonds. On the Salamanca extension
mtge. $5,000 per annum is payable to a sinking fund, beginning in
1910. These bonds are subject to oall after 10 years at 105 and int
See V. 81, p. 727.
Earnings—For years ending June 30:
Gross.
Net.
Charges.
„--_
Surplus
1905
$liH? 6 $54,405 $31,014 $23,391
1904....
102,717
49,850
29^51
20 208
ROAD—Owns and operates 33 miles of track, from Olean to Port
vine, Allegany, Bolivar and Shinglehouse. Pa. 21 passenger
and 4
other oars. An extension to Salamanca, 15* miles, is under
construction, to be compU ted in fall of 1906.
OFFICERS— Pres't & Gen. Mgr., Wilson R. Page, Olean- Vice-Prest
e;
ler ° lean!
26~ 727? aB & SUPt " IrVlng
-Vf

W

,

"

'

^

OLEAN ROCK CITY ^BRADFORD

>

RY.

'

Rtlnl * 9 in nn°n ?li"7,n.
Block, $210,000 ($100)
$210,000
1902-OS 4.oz
1st mortgage, $200,000, > 1900 5g. M-N//
200,000
May 15 1920
ld
-Imere8t at Amer. Loan & Trust, ""own
-y
AV-JL
Boston
„»P
Notes payable June 30. 1905
$3g 330
Dividends.— In 1902-03, 4 per cent."'*None since'
Earnings— For fiscal year ending June 30. 1905- Gross <kw 1^1
net, $8,278; other income, $9,849; charges,
$13T404;' 8
$! 723
_ ra 8 8 6 le8
t^9ft? Vrt 55 ,^ '-? rails. Z* track 1connecting points named in
i
the title; 40 to
lb. T
Operates 1 cars
^OFFICERS Pres., H. L. Pierce, Lakeland. Fla Sec ann TVena n v
Hudson, Bradford; Supt , J. W. Barnes. Office at BradtonL Pa!'

^

uSS

m

.
'

'

:

OMAHA, NEB.
COU NCIL BLUFFS STREET RY.
-S^lty^d*
ORGANizATiON.-Incorporated in Nebraska.

b

Owns lines formerlv on° maha & CouncifBmls

£^
rU B ™t%^l^£j{£? VT
Tl^en\lT\Zf
6

^1^
^ ^"erVo^ef gW.
68 the

r

6

o ver M^sso\iri

7

a«^'to^«dch°4e

s.

Date.

Outstanding.
$5,000,000

Interest.

Maturity-.

4,000,000 Jan ,'06, 1*4%
May 1, 1914
2,500,000
Interest at Farmers' Loan <& TrustCo., N. Y.
M., $2,500,000, gold
"
Ry.
Om. & C. B. St. Ry 1st) 19c
902
5g. J4,850,000 Jan. 1, 1928
con. M., $10,000,
"
at Morton Trust Co., N, Y., Trustee.
g. ($1,000) no s,
Bonds-$5.ooo,ooo oommon and $1,000,000 preferred
Stock
Of the new
stock are set aside for additions and improvements.
$10,000,000 mortgage, $2,500,000 is reserved to retire a like amount
bonds. Remainder reserved for extensions and
of Omaha Street Ry.
improvem'ts at 85% of cost. The $10,000,000 consol. bonds are further
Council Bluffs Ry. <fe
secured by deposit of $900,000 of the Omaha
Bridge Co. first consol. 5s. V. 79. p. 2086.
Dividends.— The first dividend on pref. stock—
p. c— was paid
Apr. 1, 1904, and same amount quarterly to and including Jan., 1906*
EARNINGS— For calendar year 1903: Gross, $1,440,133; net, $713,314; taxes and rentals, $140,165; other income, $7,599; interest,
$338,346; surplus. $242,402.
Road.— Owns 94-98 miles of track, being all the street railways 1b
Omaha and South Omaha, Florence, Bensan and Dundee, Neb. Also
by lease or stock control receives the earnings of all street railways
in Council Bluffs, la. (31-97 miles), including the Omaha & Council
Bluffs bridge, making total operated or controlled 12695 miles.
OFFICERS— Pres., Guy C. Barton; 1st Vice-Pres., G. W. Wattles; 2(1
Vice Pres., M. S. Hopkins; Sec, R. A. Leussler; Treas. and Gen. Man.,
W. A. Smith; Supt. and Puroh. Agent, F. A. Tucker.— V. 80, p. 1175.
'04, $5,000,000, $100.
St. Ry. 1st consol.

f

Om.

1889 5g. M.-N.

&

&

m

OMAHA & COUNCIL BLUFFS RAILWAY & BRIDGE—

(1)

in Iowa. An electrio road. Is leasect
Council Bluffs Street Ry. For terms of lease see statement of the latter above. Owns entire capital stock of the Om. Council
Bluffs & Suburban Ry. and the Lake Manawa & Manhattan Beaoh Ry.
The $600,000 mortgage of the former company made to the Royal Trust
Co. of Chicago and Albert E. Johnson, as trustees, is all held by the
Ry. & Bridge Co. Lake Manawa & Manhattan Beach has no funded debt.
Outstanding.
Interest.
Date.
Maturity.
Bonds—
Stock
Common, $1,500,000 ..
$1,500,006
Pf.,4%cum. from Feb.
1,500,000 In 1905,[3%
1, '07, $1,500,000 ..$
1888.
6gJ-J
400,000 Jan. 1, 1908
1st mort. (see below)
gold,$l,000,sinking > Subject to call at 110 in 1899.
0*) Int. at Mercantile Trust Co. (trustee), N.Y. City.
fund, $500,000...
1902
See text
Jan. 1, 1928
1st con sol.M. $2,000,5 J- J
000 ($1,000) ....o'5 Int. at Central Trust Co., N. Y., Trustee.

Organization— Incorporated

to the

Omaha &

Bonds guaranteed—

Council Bluffs

St.

Ry.

)

5gJ-J

1889.

250,000

July

1,

1st M. $250,000 gold (Subject to oall at 106 in 1899.
$1,000 guar. p. & i. f Interest at Mercantile Trust Co., trustee,

(end.)sinkingfundc*

J

York

1909

New

City.

Stocks and Bonds— Of the new 1st consolmort.for $2,000,000, $900,000
are deposited as part security for the bonds of the Omaha
Council
Bluffs St. Ry., $650,000 are reserved for prior liens and $450,000 for
Improvements, of which latter none had been issued up to Feb., 190&.
Tte $100,000 first bs unissued are deposited as seourity for the O. &
Bridge consol. 5s, as also are $600,000 bonds of the Omaha
C. B. Ry.
Suburban Ry. The sinking fund on the first 6s was
Council Bluffs
$20,000 yearly till Jan. 1, 1899. and thereafter $30,000.
Road— Operates 31-97 miles of track, Including the traohage of th©
Omaha Council Bluffs Suburban Railway and the Lake Manawa
Manhattan Beaoh Ry., comprising the entire street railways of Council Bluffs.
Also owns bridge between Omaha and Council Bluffs over
the Missouri River.
OFFICERS— President, J. H. Millard; Vice-President, Geo. F. Wright}
Sec, C. T. Stewart Treas., E. E. Hart.- V. 77, p. 37.

&

&

&

&

;

ONEONTA,

anfum?°i°n

N. Y.

ONEONTA COOPERSTOWN & RICHFIELD
road.
SPRINGS RY--A
trolley

On July

190a, Herbert T. Jennings was appointed receiver in sequestration proceedings, V. 77, p. 37. In March, 1904, Myron A. MeKee was appointed co-receiver. V. 78, p. 1168. In June, 1905, Henry
B. Coman was appointed receiver in foreclosure action, and is now
in possession.
In May, 1905, a bondholders' committee was appointed wulch requested deposits of bonds with the Colonial Trust Co.
of this city. See V. 80, p. 1972. Road is to be sold under foreclosure
on Feb. 27, 1906.
Organization.— Incorporated in N.Y. Originally chartered on July
SO, 1897, as the Oneonta & Otego Valley RR., but name changed to th®
above on Deo 10, 1900.
Dale.
Interest.
Outstanding.
Maturity
Bonds—
STOCK
Stock, $1,500,000 ($100)
$1,464,000
1st mortg., $1,500,000 ) 1902
5 g. M-N
1,364,000
May I, 1943
gold ($1.000),
Int. at Knickerbocker Tr. Co., N.Y., Trustee.
c* \
Reoeiver's certificates Feb. 1, 1906, $285,000.
Bonds- Of the $1,500,000 bonds, $750,000 was used to retire the old
4,

&

first

at

like amount. Can be called any interest date
Sinking fund begins on May 1, 1905 and conof total of bonds outstanding. In cash or bonds at par. See

mortgage bonds of

lO?^ and interest.

1%

sists of
V. 76, p.

356, for sale of bonds at auction.
Earnings.— For 11 months ending May 31,1905,

gross, $103,862;
net, $24,576; charges, $6,787; surplus, $17,789.
Road.—Operates 68 miles of track between Oneonta, Cooperstown,
Richfield Springs and Mohawk, at whtoh latter point it connects with
the Utica <& Mohawk Val. Ry. for Utlca. Rails, 60 to 90 lbs; 39 cara.

OFFICERS— President, Edward 0. White; Secretary, Chas. V. D. Peeks
Treasurer, Herbert T. Jennings. 206 Broadway, New York.— V. 74. b».
988; V. 76, p. 1356; V. 77, p. 37; V. 78, p. 1168; V. 80, p. 1972.

OSHKOSH, WIS.
WINNEBAGO TRACTION CO.-A
Organization, Etc.— This

Organization.— Incorporated in New York on June 22, 1897.
OC K
N
DaUm Intere8t
Outstand'g.
Maturity.
-

Bonds—

Com..$l 0,000,000. $100.
Pf.5% oum..from Jan.l,

&

Organization— Chartered March 1, 1880. In January, 1899, the
present management took charge. Leases the Shinglehouse RR. at a
rental of $3,000 per annum.
Date.
Interest. Outstand'g.
STOCK & Bonds—
Maturity.

7SS49&^81^

&

Stock

(>7

&

trolley road.

R?
R

J

)

trolley

roa&

a reorganization in 1900 of the Citizens' Traotion Co. Incorporated under the laws of Wisconsin
Population served (estimated) 1905, 50,000. Franchises run to 1932.
Date. Interest. Outstand'g. Maturity.
Stock
Bonds—
is

&

Stock, $650,000
$650,000
1st mortgage, $900,000, <
1900 5g. A-O 645,000 Apr. 1, 1930
0* {Trast Co. of America, N. Y., trustee.
gold, $1,000
Bonds—$255,000 are reserved for future purposes. Bonds are redeemable at 110 and accrued interest, upon six weeks notice.
Road— Owns 38 miles of road, 15 miles In Oshkosh, 15 miles of Interurban road running to Neenah and Menasha. and 8 miles to Omro.
Officers-— Pres. and Vice- Pies., R. H. Hackett; Sec, A. H.'Ostrom,
New York; Treas., S. M. Rothermel; 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, 1902, absorbed
the Ossining Electrio Ry., which was chartered June 7, 1893.
Date.
Interest.
Outstand'g. Maturity.
STOCK and Bonds—
Stock, $1,500,000 (*100)
1st mort., $1,500,000, g. )

$1,000)

.

1902
5g. A-O
c&r I N. Y. TrustCo., N.

$300,000
See text. Apr.
Y., Trustee.

1,

1932

STREET RAILWAYS.

68

Bonds.— Ol the 1st nurtgage bonds, $206,000 are in hands of public,
$394,000 are held by the Coustruotlon Co. and $900,000 are reserved
for extensions.

Road— Owns

about 3 miles of road and power house in Ossining.
proposed to various places In the county. Extension to
Pleasantville to be built early in 190H, and p'-esent road rebui
OFFICERS— Pre-ident, A R. Law, Philadelphia; Vice-Pres.. Thos. R.
Heller; Sec'y and Treas., C. E. Lent, New York,- V. 76, p. 867.

50 miles in

all

r,.

OSWEGO

Stock and Bonds—

Maturity.

Outstand'g.

Date. Interest.

Stock, com.. $200,000 ($100)
Pref. ,$100,000, non.cu .($100)
lstmortgage,$100,000, gold, i

$200,000
5
100,000
1899 5g. J-D
97,000 June 1, 1929
Trustee, Knickerbocker Tr. Co.,N. Y.
$1,000
]
1899
191,000 June
2(imtw «200 000 (+500)... 5 Knickerbocker Trust Co trustee.1,1929
za mtge., s^uo.uuu + 5001
^
Road— Operates 11 ** miles of track. Rails, 45 co 109 lb. standard
gauge Operates 26 cars.
....

3MM

(

,

Earnings— Year «-n<iing June 30, 1905, gross, $49,584; net, $15,779;
charges, $13,512; surplus, $2 267.
Officers— Pres., S. M. Coon; Vice Pres., Charles A. Tanner; Treas.
James P. Doyle; Sec Dan'l A. Wllllams-all of Oswego.— V.75, p.1355.
,

OTTAWA,

ILL.

VALLEY RAILWAY

CO.-Trolley.
Organization— Was iormerJy known as the Illinois Valley Trar/ion
Company, but was i-ucoeeoed by tlin Illinois Valley Baitway Company,
The latter is organized under the
a new corporation, in 1904.
steam railroad law, and has power of condemning property for right
of way. On May 1, 1903, the Illinois Valley Traction had acquired the
Ottawa Marseilles & Morris River Ry.
Date. Interest. Outstand'g.
Maturity.
STOCK & BONDS—

$100,000
Stook, $100,000 ($100)
1st mort, $2,000,000, goldj 1905 5g.M-S l.le.1.000 Sept. 1,1935
Int. at Portland (Me.) Trust Co., trustee.
c \
($500 and $1,000)

—

Bonds Bonds have & Milking fundot i^a p. o. per annum of amount
outstanding. Are subject to call for s. f. after March 1, 190d, at 105;
for other purposes after March 1, 1910.
Road— In operation La Salle to Ladd, 11-9 m.: in La Salle City, 3*8
m.; Marseilles to Utioa, 16'72 m.; connecting link between Utica and
La Salle, 424 m., is completed: also line from Marneillesto Seneca.
5»* miles: total about 38 miles. Operates 11 intemrban cars. An extension from Ladd to Princeton, 14 miles, is expeoted to be completed during 1906.
Officers -President, W. B. MoKinley, Champaign. 111.: Vice Pres.,
Geo. F. Duncan. Portland, Me.; Sec'y. & I'reas., Edward Woodman,
Portland, Me.— V. 76, p. 1192.

NORTHERN ILLINOIS LIGHT & TRACTION CO.— A trolley road. in Illinois and successor in July
Organization —Incorporated
is

1903, to the Ottawa Railway, Light & Power Co., sold under foreclosure. Franchise perpetual for lighting and until Mar 1924, for railway.
Has contract for city lighting.
Outntand'a.
Maturity.
Inter eat.
Date.
BONDS—
STOCK
....
$250,000
Stock. $250,000 ($100)
250,000 July 1, 1923
5 g. J-J
1st mortgage, $1,20 ',000, ) 1903
gold ($500 & $1.000). c S Int. at Am. Loan & Tr. Co., Boston, Trus.
Bonds.— No sinking fund and bonds cannot be called.
Road and Plant— Operates about 8 miles of line, covering the principal streets of Ottawa, and also runs out of the city to Ellis Park, a
Pleasure resort on the Illinois River. Also has extensions from Ottawa
Chautauqua Park. Equipment, 11 motor and 7 trail cars. Has both
steam and water power plants for generating power, which can be
operated independently if necessary. Is supplying 152 enclosed arc
lights under city contract and 107 for commercial lighting. Also 10,415
Incandescent lights and one 200-k. w. and one 300-k. w. alternator for
,

&

•

OFFICERS-— President, E. W. Rollins, Boston; Vice-Pres., G. H. Taylor; Secretary and Treas.. J. S. Plshon; General Man., Louis W. Hess,
Ottawa, 111— V. 76, p. 436, 1144, 1192; V. 77, p. 251.

OTTUMWA, IOWA.
OTTUMWA RAILWAY & LIGHT CO.-Trolley.

1905, as successor to the
Organization — Incorporated in Oec
Ottumwa r action & 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 2> years
,

I

Stock

& Bonds—

Date.

Interest.

Outstanding.

Com., $1,000,000 ($100)
Pref., $500,000 ($100)
Ott.Tr.&Lt. 1st mort. $500,-) 1901

Maturity.

(?)

.

.

vided net earnings for year preceding equal double the amount of interest on old and proposed bonds. But at least $75,000 must first be
expended on property. an be called after Oct. 1, 1911, at 105 and interest and each year thereafter at H p. c. less. Bonds numbered 1 to 20
may lie redeemed at 105 and int. after Oct. 1, 1907. V. 74, p. 95.
Sinking fund of $5,000 bonds annually Is operative from 1907 to
1909, and $8,000 bonds annually from 1910 to 1920. Proportionate
e. f. is provided for the $160,000 resprved bonds as they are issued.
Road—Operates ll 1^ miles of trolley road in city of Ottumwa, Iowa.
Weight of rails, 60-lb. T. Standard guage. Also does municipal, commercial and res ence electric- lighting; supplies electric power for
stationary motors, etc., and operates a system of steam heating, with
3*a miles of ma ns— V. 7 8, p 5*4; y 82, v. 49
1

•

.

OWENSBORO, KY.
OWENSBORO CITY RAILROAD—A troUey road.
July, 1904.
270.
79,
road changed hands
Control

in
V.
p.
in 1886. Franchise runs till 1936 and
railway in said city.
gives exclusive rights to operate street
Maturity.
Miles. Date. Interest. Outstand'g
BONDS—
STOCK
$50,000 f. p
Stock, $50,000 (par $50)

of this

Organization— Chartered

&

mtge., $200,000,

($1,000)

— Hres.
;

<-».

c

g., <

...

1902 5g.J-J

& r I Interest at

160,000

Jan.

1,

1932

Louisville Tr. Co.. trustee.

Bonds— Bonds are not subject to call.
Road— Owns 9 miles of trolley t-ack In Owensboro and suburbs.
All new 40 and 561b. rail; 15 motor cars, double G. E. 800; 5 trailers.
Officers— Pres., John G. Delkt-r; Sec,
Adame; supt., C. S. Ray — V. 7P. tk 270.

J.

H. Parish; Treas.,

V*.

A.

OWOSSO, MICH.

ELECTRIC COOWOSSO & CORUNNAMarch 1899, the Owosso A
consolidation on

f
14,
Crganization— A
Corunna Tract. Co. and the Caledonia Electric Light
•

&

Power

Co.

H. Stephenson. Phila; Sec.

& Treas.,

J.

Tracey

Manager Lawrence Manning, Owosso.

PADUCAH, KY.

PADUCAHIncorporated Maine LIGHT COTRACTION & on Nov
Organization —

in
17, 1 :»u5, as a consolidation of the Paducah City Ry. an<i the Paducah (-fas * Fuel Co.
Besides street railway business, does the entire, commercial e ectric
lighting, gas and steam heating business of the city. Street railway
franchise expires in 1924. steam heating franchise in lt<22 and gas
franchise in 1916. Population. '/x.OOO.
Date. Interest. Outstanding. Maturity.
STOCK
BONDS—

&

Common, *1,000.000
Pref.

New

5% none

$1,000,000>
mtge $2,000,000
.< 1905

$1,000,000
600.000
275,000

.

..

,

5

g.

1935

1Kt '°
6 *• JJ
100 000 July 1,1920
\
raa. &t ±ty. mort., sf
Pad St Rv mort s. f
fcol Flnance & Trust Co.. L-uisv.. trustee.
Pad. St. Ry. mortgage
1893 6
100 000
1923
Peop. L't& Powerinort
1898 6
100,000
1918
Paducah City Ry. M., SI. > 1902 5 g. J-J
3*5,o
May 21, '32
000,000, g.. (+500-$l,00O)c* \ Int. at N. Y. Trust Co., N. Y., trustee.
Bonds-01 the $2,00u.000 new bonds, $625,000 are reserved to retire prior liens ami $^00,000 for future improvements.
Earnings— For oal. year 1905 (est.), gross, $225,000; net, $78,750.
ROAD— Operates 12 miles of tra k.
Officers— Pres., Jos. L. Friedman, Paducah.— V. 81, p. 1175, 1610

paris/texas.

PARIS TRANSIT CO. - For statement of this company,
see Sikekt Railway Section for Oot., 1905.

PARKERSBURG, w. va.
PARKERSBURG MARIETTA & INTERTJRBAN RY. A Consolidation the Parkersburg & Interurban Ry.,
Organization.—
trolley road.

of

the Parkersburg Gas, Elec. Lt.

&

Stock

Bonds-

Dae

& St. Ry.
Interest.

Co. and the Marietta Eleo. Co.
OuM*nd'g.
Maturity.

Stock, $440,000
1st mortgage, gold..
Consol. mtge
...

$440,000
1898
5
150,0<>0
1938
1902
450,000
1942
£ arninqs— For year ending April 30, 1905, gross, $201,498.
Road.- Operates 41 miles of track, including an extension of 12
miles to Marietta. Uses bridge of the Ohio River Bridge <fe 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.ORGAnization— Incorporated as the Peekskill Lighting Co

on July
subsequently purchased the Peekskill Gas Light Co. and

12, 1900;

Peekskill Electric Light & Power Co. Name changed as above npon
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. c. pref.
stock was authorized.
Date.
Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Com.. $500,000 ($100)
$350,0"0

&

6 J-D

Pref.,$150,000.6%,cum
1st mtge., $750,000 i 1900

150,000

Dec, '05, 3%

5 g. A-O
575,000
Oct. 1, 1930
Y... Trustee.
($1,000) gold. S.F...C* I Int. at N. Y. Trust Co..
$f0,000
Loans payable June 30, 190 i
...
Bonus- Whole issue (but no fractional part) can be redeemed on any
Interest date at 110 and interest after Oct. 1, 1905. Sinking fund Is
provided at the rate of $10 80 per bond outstanding, beginning Oct.,
1903. The remaining $175,000 can only be issued for extensions, etc.,
at 75 p. o. of actual cost, ami only when net earnings of the previous
twelve months are equal to at least twice the interest on the outstanding bonds and the proposed issue. See V. 71, p. 9 1 3.
'Net. Int. <t sink f'd. 8nrpl»s.
REPORT—Yearto June 30: Gross.

19023
*

N

$119,165 $50,598
110,735
44.408
106,188
43,518

1904-5

1903 4

$34,960
34,960
33,412

$1*,63S
9,448
10.106

After taxes.

Road— Owns and

operates 10-36 miles of track in Peekskill and to
Lake alohegan and Verplanck's Point, with branch to State Oarop.
OFFICERS— Pres. & Gen. Mgr., B. B. Nostrand Jr., Peekskill; Sec,
Alfred Ely, 31 Nassau St., N. Y. City; Treas., H. Hobart Porter, 52

William

St.,

N. Y. City; General Office, Peekskill, N. Y. V. 78, p. 1962.

(?)

$^40,000 Oct. 1, 1921
5 g. A-O
000 ($1,000) gold, 8. f c* s Int. at U. S. Mort.&Tr. Co., N. Y., Trustee.
Bonds— Of the authorized issue of $500,000, $160,000 are reserved
for extensions and betterments to the extent of 75 p. c. of cost, pro-

New

be built during I90ti

TRACTION.-Trolley.

at foreclosure April 10, 1899, according to plan in V. 65. p. 278, but
not formally turned over to the new company until Feb. 1, 1900.
Charter perpetual.

street lighting.

>

Eustis, Boston

N. Y.

Organization- Incorporated at Albany June 1, 1899, as successor
to the Oswego Street Railway and the Lake Ontario & Riverside, sold

ILLINOIS

—

&

Date.
Interest. Outstand'g.
Maturity.
Stock
Bonds
Stock, $150,000 ($100)
$150,000
1st mort., $120,000, gold >
5 g. J-J
120,000
1924
<$l,000i
c$ Fidelity 1 rust Co., Philadelphia, trustee.
Road- Operates a 5-mile road between Owosso and Corunna: also does
electric lighting business nrl has contract with the city of Owosso for
lighting until August, 1909. An extension to Duiandwill probably

Officer

OSWEGO,

[VOL. LXXXII.

PEORIA,

ILL.

& PEKIN
PEORIA and electricity. TERMINAL RAILSteam
WAY.-1905, Tucker, Anthony & Co sold control of the road to
In Sept..

Interests friendly to the Chicago & Alton Ry. V. 81. p 1101.
Organization— Incorporated in Illinois as Peoria & Pekin Traction
Aug. 5, 1897, to build and operate a terminal system in and between
Pac the Peoria Terminal
Peoria and Pekin. Leases from Chic. R. I.
RR. for 50 years from December, 1897. Jn May, 1K99. name changed
fo Peoria <s Pekin Terminal Railway. Private right of way between
Peoria and Pekin, 8 miles.
Date.
Interest. Outstand'g. Maturity.
Bonds—
Stock

&

&

$600,000
Stock, $700,000 (par $100)
697,000 See text
5g. J-J
iflTM $700000 gold
c*( 1900
nhrV»loU s. 1
i Int. at U. S. Mort. & Trust Co., N. Y., also
$i,oou eacn, *f
j
atldmeSav Bk. ATr.Co., Peoria, trust.

^

„™

280.000 Feb l.*35
5 g. A-O
D„f
«9nnnonn 8
or,iH ( 19 °5
$
?*i ooo,"'
«A lnt at Amer. Ln.* Tr. Co.. Boston, oral
c ^rji
(Sa.wvi
meSav Bk.ATr. Co, Peona, Trus.
Bonds— Of the $2,000,000 new refunding bonds, $700,000 are reserved to retire prior liens. The new bonds are subject to call a-< an
entirety at 105 and int. V. 80, p. 998. Of the first mortgage bonds
$550,000 are due Jan. 1, 1930, and remainder in varying amounts
yearly (to be retired through the operation of a sinking fund) from
Jan. 1, 1906 to 1929, inclusive. V. 70, p. 946.
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 line and 29i« miles of track. Has
rights over five miles of local street railway in Peoria with privilege
of transferring over 46 miles additional. Freight and through passen§er business handled by steam. Local passenger business in and
etween Peoria, Pekin and Crescent by electricity. Has union depots
In both Peoriaand Pekin. Passenger equipment. 5 combination motor
and 5 trail oars. Freight equipment, 68 oars and 3 locomotives. Track
laid with 70-lb. T rails
OFFICERS— Pres., Wm. T. Irwin; Vice-Pres. and Gen. Mgr., E. A,
Burrill, Peoria; Treas., H. W. Danforth; Sec, Robt. P. Jack.— V. 81,
p. 1101,1724.
'

'

'

-

'

FKH.,

STREET RAILWAYS.

liMMi.

PETALUMA, CAL.

PETALUMA&SANTA ROSA RY.-A

trolley road.

in California on June 20, 1903. Stock
held in a voting trust for 3 years. V. 78, p 103.
Outstanding.
Late.
Matwity.
Interest.
BONDS—
STOCK
Stock, $1,000,000 $100
$1,000,000
1904 5 '
8
632.000 Mar.1,1924
lBtmort $1000 000 g
irol.lV
Int. at rieroantile Trust Co., San Fran.,
«. \
,«! n
c (Trustee,
OM.uuuj
Tr. Co , N. Y.
or at U.S. Mort.
2d mort. $250,000, gold, < 1905
6
160.000
Trustee.
($1,000)
\ Mercantile Trust Co., San Fran
Bond* The first mort. bonds have a sinking fund " ample to take
bonds." $868, ( 00 are reserved for extensions at $1.7,500 per
care of
mile and 75 p. o. of oo*t. These bonds are sui ject to call at 110.
Road— Operates 34 miles of track from Petaluma through Sebastapol to Santa Rosa
Connects at Petaluma with steamers for San
Francisco, standard guage. ^0 lb T rails.
Offi ERS— Prest .John A. MoNear; Vice-Prest W. F. Kelly; Seoy.,
Thos. Archer; Treas., Burke Corbet; Mgr., E. E. Downs. V. 78, p.
103; V. fcO, p. 1913; V. 81, p. 508, 614.

Organization— Incorporated

Is

&

M

m

'

'

&

.

—

,

PHILADELPHIA, PA.

AMERICAN RAILWAYS

CO.-

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. & Light Co.,
which latter had only $1,000 of outstanding stock. Stock and coll.
trii'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« Scranton Ry. was paid for in the trust certificates given

Stock

V. 81. p. 1847.

&

BONDS—

Date. Interest. Outstanding

Q-M

Cora.stk.($50), $25,000,000
Collat. Trust $2,500,000, >

$*>, 115,500
a

Maturity.

Mar l.VOe.lW

1901 5 g. J-D 2.435, 00
Sep. 1, 1911
g.conv.($500&*l,000 o* S Int.at Provident Life & Tr.Co., Phila., Trus
Trust cert., $1, 50o,000, ) 1905 5 g. M S
i?j
Sep. 1, 19?5
gold, reg
N. Y., Trustee.
$ Int. at New York Trust Co
A'oHf/.«.-Thecollateral trust bonds of 1901 redeemableat 105 and ao
crued interest after Nov. 1, 1904, and were convertible into stock at par
at option of holder at any time before that date. See V. 73, p. 1158; V.
74, p, 93^. *t 4,500 were so converted The collateral for the bonds
consists of $1,050,000 stock (out of $1,100,000 issued) of the People's
Ry. of Dayton; $1,600,000 first consol. 5s of the Chicago & Joliet Eleotrie Ry. and $500,000 first mortgage 6s of the Springfield (O.) Ry. The
trust certificates of 1905 are secured t>y deposit of a like amount of
Scranton Ry. pref. stock. 'I hey are redeemable alter March 1, 1907,
at 1021a and aecrned int. V. 81, p. 1847.
Control^ Eo— The following is a list of the securities owned by
the American Railways Co. June 30. 1905 We have added, however,
the Hcranton Ry. to the 1st, purchased in Dec, 1905. It is proper to
say. too, t'iat in May. 1»05, the company arranged to sell its interest
in the Springfield Light & Power Co. to the new People's Heat, Light
& Power Co. of Spiingtteld, Ohio. See V. bO, p. 2224.
Owned by
Bork
Outstanding.
A R. Oo.
Yalve
stock.. ..$1,500,000 $1,500,000
Altoona &. Loe-an Vallev f
& i.ogan \ alley.. J con8ol8 2>50 000 50 o,00® $403,750
398^500
Bridgeton Electric Co. stock
25,000
25,000
17,270
Bridgeton &. Millville (N. J.) Traction
Co., stock
200,000
200.000
159,364
Chicago Union Traction Co., stock....
146 2 50
} elm.', 250 000 \
*Du Page Construction Co., stock
'9,5,000
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
'° mraon
2,000,0
(?)
(?)
Scranton Rv On .. V
Ky. Co
J PreIerred
l, 500,000
(?
(?)
Springfield Light & Power Co.. stock. 200,000
200,000
192,111
500,000
500,000
epnngnem. u., kv.oo... <l«tM.6s.. 500,000
SDrinefield O Rv Co
i.ooo.OOO
994,400
^ st0ck
39,959
* The Du Page Construction Co. owns all the stock
($2,300,000) and
all the bonds ($1,600,000) of the Chicago & Joliet Electric Railway,
and all the stock (*1, 100,000) and all the bonds ($1,000,000) of the
Chicago & Desplaines Valley Electric Railway.
TREASURER'S REPORT FOK 12 MONTHS ENDING JUNE 30
These figures cover a period prior to the acquisition of tne Soranton
Ry. Co
190 V
1904.
1903.
Grose income, all sources
$444, *54
$443,196
$423,028
Total deductions from income
180,757
172,733
148,336
,

.

-

Netincome

$2^3.97

Dividends (6%)

iJ34,742

Surplus

$28,755

$27o,463
234,1*0

$274,692
223,775

$36,283

$50,917

Dividends— First div. on Am. Rys.Co. stookl p.o Dec, 1900: and reg
ular auanerly payn ents since th. n, but rate Increased to
p.c Dec,
1901, and then to IV, p.o Dec, 1902, which rate has beeu contln
ued up to and including March, 1906.
Controlled Companies or the American Rys Co. (not Including
the Scanton Ry., acquired in I>eo 1905)
For year ending June 30,
1905 the companies controlled earned combined: Gross, $1,471,938;

m

,

:

net, $263,497.

ROAD. —Total track of all properties, 298-4 miles Also owns 182
acres of land for parks in Altoona, Dayton. Springfield and Bridgeton.
Officers of American Railways Co.: President, J. J. Sullivan; 1st
Vice-Pres.. W. F. Harrity; 2d Vice President, C. L. 8. Tingley; Sec and
Treas., Walter W. Perkins; Ass't Sec, Treas. and Comptroller, Frank
J. Pryor Jr. Counsel. Silas W. Pettit; Gen. Man., H. J. Crowley. General offices, 904 to 913 Witherspoon Bldg., 1321 Walnut St.. Philadelphia.— V. 81, p. 1043, 1847; V. 82. p 159, 279, 3o3

(1)

BRIDGETON & MILLVILLE TRACTION.—Trolley
in New Jersey as successor May

Organization— Chartered

&

mortgage.

CHICAGO & DESPLAINES VALLEY ELECTRIC RE-

(3)

ORGANIZATION— Incorporated in 1901 as a consolidation of the Chicago & Desplaines Valley Elec Ry. and the Desplaines Valley Elec Ry.
Data. Interest. Outstanding.
Maturity.
STOCKS & BONDS—

$1,100,000
1,000,000 May 1, '31
o* l
Tr. & Sav. Bk., Chic, Trustee.
($1,000) gold
Bonds— The full issue of the new 1st mtge. bonds has been deposited
as collateral security under the bonds of the Chicago <te Joliet Elec Ry.
Ihe Du Page Construction Co. owns the entire capital stock, of whloh
$1,000,00018 pledged under the mortgage of the Chicago & Joliet
Eleotric Ry., and also owns the entire $1,000,000 bonds, the whole
amount being pledged. Road in operation from the Will County line,
where it joins the Chicago & Joliet Electric Ry., to the city line of
Chicago on Archer Ave. Total 38 65 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; Sec and
Treas., C. L. S. Tingley; Gen. Man., J. R. Blackhall.— V. 73, p. 183.
Stock, $1,100,000

mortgage, $1,000,000

1st

1901

<

Int. at

5

M-N

111.

(4)

CHICAGO & JOLIET ELECTRIC RY.—Trolley.

as a consolidation of the Chicago &
and the Joliet RR. Is operated
by power purchased from the Economy Light & Power Co. of Chicago.
V. 73, p. 844. The Du Page Construction Co. owns the entire outstanding $1,600,000 bonds and the entire $2,300,000 capita) stock, and
that company's entire stock is owned in turn by the American Rys. Co.
Date. Interest. Outstand'g. Maturity.
Stock
Bonds—
Stock, $2,300,000 l$100)
$2,300,000
Chic <fe Joliet Elect. Ry. > 1901 5g. M-N 1,600,000 Mayl.1931
g., $2,000,000 ($1. 000).. o* S lut. at 111. Tr & Sav. Bk., Chic, Trustee.
Joliet RR., general M., gold, t 1898 5 g. M-N
400,000 Apr.30,1918
$400,000 ($1,000 each) ... 5 Portland (Maine) Trust Co., trustee.

Organization—Incorporated

Joliet Rapid Tran. Co., the Joliet St. Ry.

&

Bonds— Ot 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 & Joliet Elec. Ry., $1,000,000 of the $1,100,000 stock and
$1 ,000,000 (entire issue) bonds of the Chicago & Desplaines Valley
Electric Ry. are deposited under this mortgage as collateral security
Entire issue of the $2,000,000 gold 5s may be called after May^l,
1902, at 105 and interest.
ROAD— This road is in full operation from Joliet to the Will County
line, where it connects with the Chicago & Desplaines Valley Elect.
Ry. for Chicago. Has 40 miles ot track. Line between Joliet and
Chicago was formally opened Sept. 25, 1901.
Officers— Pres., J. J. Sullivan: Vice-Prest., H. J. Crowley; Seoy. and
Treas., C. L. S. Tingley, Gen. Man., J. R. Blackhall. -V. 73, p. 183, 722.
(5) PEOPLES RAILWAY (DAYTON).— A trolley road.
Acquired in 1899 by the American Railways Co.
ORGANIZATION— Incorporated in Ohio June 18, 1896. Comprises 31
miles ot track in Dayton, Ohio; operates 111 cars. Extensions are under
construction.

Stock

&

The American Rys. Co. owns entire

Bonds—

capital stock.

Outstanding.
Maturity.
$1,100,000
1895 5 g A-O
300,000 Oct. 1, 1925
Int. at Union Savings Bank & Trust Co.,
Cincinnati. Trustee.
1897 5gJ-J
200,000 Jan. 1, 1927
Int. at Union Savings Bank & Trust Co.,
Cincinnati, Trustee.
Date. Interest.

Stock. $1,100,000, $100..
1st mort., "White Line,"
$300,000, g. ($500), red.
Oct. 1, 190O, at $110....
1st mort., "People's Ry.,"
$200,000 ($500), g., red.
after Jan. 1, '02, at 110.

'

'

Officers—Pres., John A. McMahon, Dayton; Vice-Pres., H. J. Crowand Treas., C. L. 8. Tingley, Phil.; Asst. Secy., Eugene

ley, Phil,; Seoy.

Wuichet, Dayton; Gen. Man., J.L. Breen.— V. 69, p. 744.

(6)

SPRINGFIELD (OHIO) RAILWAY.—Trolley.

Ohio Oct. 20. 1892; 9,944 shares
acquired by the American Railways Company, which also owns the entire issue of 1st mtge. bonds
and $99,792 of the 2d mtge. bonds.

Organization.— Incorporated

of

the capital

Stock

&

In

stock has been

Bonds—

Date.

Stock (par $100)
1st mort., $500,000, gold.

Outstanding.
$1,000,000

Interest.

1893

Maturity.

500.000 Jan. 1,1933

6 J-J

Interest at First Nat. Bank, Springfield, O.

ROAD— Owns

Operates 54 oars.

30*3 miles of track.

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.
(7)

ALTOONA & LOGAN VALLEY ELECTRIC RY.- Trolley.

Organization— Incorporated Aug. 5, 1903. Owns $60,000 of the
£65,000 stock of the Lakeiuont Park Co; also $18,000 Losan Valley
Land Co. stock: also $39,000 of the $4u,000 stock of the Home Elect.
Light &Steam Htg.Co. of Tyrone, and leases thatcompany for 99 years
from July 1, 1903. In Aug., 1903, absorbed by consolidation the City
Passenger Ry. and the TyronH Electrio Ry. (previously owned), and
increased its capital stock from $500,000 to $l,500,00o. V.77, p. 1745.
The American Rjs. Co. owns entire stock Altoona & Logan Val. El.Ry.

Stock
Stk

,

&

Bonds-

Date.

Interest.

CO

^00&V)% 0°0)'eu(
Am Rys Co.c&r S

Last Div., etc.
In 1904-5, 5-794
Aug. 15. 1933

Outsta'g.

$1,500,000. $50

$1,500,000

1903 4i2g.F-Ai5

by

3.100,000
Int at Equitable Trust Co. Phila. trustee.
-

,

,

Bonds— Ot the new $4,000,000 mortgage T $900,000

.

BRIDGETON ELECTRIC CO. Acquired in 1899 by Am. Rys. Oo.
Organization— Chartered in New Jersey Deo. 2, 1895. Supplies
light and power in Bridgeton, N. J. Stock, $25,000. Bonds $250,000

&

are reserved for
by end. by Am. Rys. Co.

extensions. These bonds are guar
i.,
p.
No sinking fund and not subject to call.
Dividends— In 1896 paid 2*fl p. c; in 1896-97, 2^ p. c; in 1897-98,
1898-99, 1899-00, none: in 1900-01, G^> p o in 1901-02, 10 p. c; in
1902-03, 10 p. c; in 1903 4, 53» p. c; 1904-5, 57 p. c.
Earnings— For year ending June 30, 1905, gross, $464,614; net,
,

3, 11)97,

to the South Jersey Traction Co., sold in foreclosure. Company owns
two toll roads besides the trolley road. Franchise perpetual. "
Stock db BONDS Date.
Interest. Outstanding.
Maturity
Stock, $200,000 ($50)
$200,000
See text
1st M., $500,000 gold, ( 1900
5 g. J-J
500,000
Jan. L. 1930
guar. ($1,000 & $50oWInt. at Equitable Trust Co., Philadelphia,
(cannot be called) .*c. ( Trustee.
by
.£ mtd2r *T or torm ot guaranty the American Railways Co. see V. 71, p.
491 The bonis wero listed on
Phila. Stock Exchange in Feb., 1901.
The following are deposited as security under the mortgage:
1,000 shares of the stock of the Bridgeton Rapid Transit Co.
"
Bridgeton & Millville Turnpike Co.
'
"
7
"
Bridgeton & Deerfleld Turnpike Co.
a,~2,
$250,000 (entire issue) ft p. c gold bonds of the Bridgeton Electric Oo.
Road Bridgeton to Millville, 11 miles; Bridgeton to Cedarvllle,
8H miles; Bridgeton. local, 5^ miles; also an extension from Cedarvllle to Port Norris. 12 Vq miles. Total, 37 miles.
Officers— Pres., J. J. Sullivan; Vice-Pres., H.J. Crowley: See. and
Treas.. C. L. 8. Tingley; Gen. Mgr., B. F. Hires.- V. 72, p. 282.

(2)

1st mort. 5 p. c gold bonds $1,000 each, dated July 1, 1900, due July
J. at office of the company; Real Estate Title
1930, interest J.
Ins. <te Trust Co.. Phila., Trustee, all pledged with the trustee of the
mortgage of the Bridgeton & Millville Traction. This was done so as
to bring the two properties (which are practically one) under the one
1,

-

Organization— The American Railways

below.

69

:

$222,623.

Latest Earnings- For 6 months ending Der*. 31. 1905, gross.
$278,231; net, $142,226; interest, $69,750; surplus, $72,476
Road— Operates 46 miles of track, connecting Altoona, Bellwood,
Hollidaysburg and Tyrone. Operates 83 cars.
OFFICERS— President, J. J. Sullivan; Vice-President, H. J.Crowley;
Secretary and Treasurer. C L. S. Tingley; Gen'l Mgr.. S. * Crane.—
V. 79, p. 6&0; V. 80, p. 649, 710, 2456, 2619; V. 82, p. 333, 391.
(8)

SCRANTON RAILWA Y-A trolley

Organization— On Jan.

road.

1897, assumed

all the assets and liabilithe Scranton Traction Co., etc., V. 63, p. 1064 V. 64, p. 85.
The company owns all the stock of the Carbondale Ry., the Pittston
& Scranton St. Ry. and the Lackawanna Valley Traotlon Co. and praotioally all of the stock of the Scranton & Pittston Traction and the
Scranton & Carbondale Traction; also the entire issue of the new Carbondale Ry. mortgage ($300,000).

ties of

1,

;

:

STREET RAILWAYS.

70
&

Stock

Bonds—

$50
a.= n
* ow

$1,500,000

\

Road— 8-47

miles of track in West Park and E. Park, crosses SchuylRiver on a steel bridge. Rails are 90 lbs. 20 closed, 50 open oars.
Earnings— Year ending Oct. 31, 1905, gross, $130,595; net, $74,525;

Maturity.
$2,000,000
1,500,000 Sept.,'05,2i«%

Par. Date. Interest

Ooni., ($4,500,000)..
Pref., 5 p. c. cum., )

Outstand'g.

M-8

kill

Charges, $53,216; surplus, $21,309.
OFFICERS— Prest., Charles A. Porter; Vice-Prest., Robt. H. Foerderer;
Seo. and Treas., Ellsworth H. Hults; Ridge Ave. Bank Building, Philadelphia. -V. 65, p. 620; V. 70, p. 686; V. 71, p. 863.

Soranton Trao. 1st' '1,000

Nov. 1, 1932
1892 6g.M-N 1,000,000
$1,000,000, ^ Tn1 rfist x at E W. Clark & Co., Philadelphia.
"
*gok.no option.o" S lntere8tx
May 1, 1920
100,000
Scran. Pas. Ry.lstM.1,000 1890 6 M-N
200,000
May, 1909
Soranton Sub. 1st )500&c 1890 6g. M-N
M. g., gu.,p.&i.c* 5 Farmers' L. &T. Co.,N Y, Trustee.
Aug. 1, 1918
200,000
Poop's St.Ry.lstM.g. 1.000 1888 6g. F-A
Deo. 1,1921
100,000
gen. M., gold .... 1891 6g. J-D
Do
Nov. 1, 1932
900,000
Scranton Ry. M., $2,500,- ) 1897 5g. J-J
M.,

.„

NEW YORK-PHILADELPHIAand owns
CONew

f

000, gold ($1,000)

..

New York

c* 5

Seo

& Trust,

Jersey,
the entire
Organization— Incorporated in
capital stock of the Trenton & New Brunswick RR. and the N. J. Short
Line RR. and a majority (about two thirds) of the stock of the Camden
& Trenton Ry. By this ownership and a perpetual traffic contraot
with tbe Public Service Corporation for terminals in Jersey City, operates electric cars between New York and Philadelphia
Interest.
Outstand'g.
Date.
Maturity.
STOCK
BONDS.—
Stock, $1,000,000
$4,000,000
1st trust mtge., $1,000,000.) 1905
5g. M-S
500,000
1935
gold ($500 & $1,000) ... s Guaranty Trust Co., N. Y., Trustee.
Bonds.— Are redeemable at any time at 105 and interest. They are
secured by deposit of a majority of the stock of the Camden & Trenton
Ry. and the entire stock of the Trenton
New Brunswick RR. and
the New Jersey Short Line RR. Interest payable in New York and
Philadelphia. V. 80, p. 1235.
Officers— President, W. A. Stern; Secretary. J. Dixon Andrews;
Treasurer, I. H. Silverman. Office, Land Title Building, Philadelphia.
V. 80, p. 712, 1175, 1235; V. 8i. p. 1101.

N. Y. City, trustee.

Nov. 1, 1932
500,000
Soranton Ry. gold col. ) 1900 5g. J-J
trust $500,000 ($1,000, > Prov. Life & Trust Co.. Phila., trustee.
)Lit. (x) at office in Soranton, or ag'cy. Phila.

$500)o*

&

xFree of United States and Pennsylvania State taxes.
Bonds— Ot the $2,500,000 Soranton Ry. mortgage 5s of 1897, $1,600,OOO 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 company controlling by consolidation or lease the street railway lines
represented by the securities pledged." The securities pledged consist of all the stock ($450,0i 0) and the entire issue ($300,000) of the
Carbondale Railway Co. mortgage of 1900 also $498,700 out of the
;

&

;

$500,000 stock of the Soranton <fe Carbondale Traction Co.; $943,775
out of the $976,125 stock of the Scranton & PitUton Traction Co.;
likewise $60,000 out of the $355,500 bonds of the latter.
Dividend*.— Dividends on pref. stock at the rate of 5 p. o. per annum
have been paid since March l, 1904.
Road—Owns and operates all the street roads in and around city of
Soranton, having an aggregate mileage as follows
3-94
Miles. Lackawanna Val. Trao
Owned—
1606
4167 Carbondale Railway
Scranton Railway
2 22
Miles. Pittston & Scranton St. Ry.
Leased—
Pittston

Scranton

Carbondale

<&

(

Total system
Net.
Charges.

4-94

Latest Earnings—

Gross.

BONDS—

Date.

Interest.

Outstand'g.

81-34
8tirplus.

Maturity.

$450,000
150,000 July 1,1922
Co., c*&r. ($150,000), gold > Interest at Central Trust Co., New
York, Trustee.
($500 & $1 ,000)
>
300,000 June 1, 1926
Carbondale R'way, 1st mort- > 1900 5 g. J-D
gage, $300,000, gold, regis- > Int. at E. W. Clark & Co., Philadelphia.
tered
J Geo. L. Estabrook, Phila., Trustee.
Bonds— First mortgage of Carbondale Traction, due 1922, has a
sinking fund of $2,500 per annum after July 1, 1895, but bonds cannotbe called. The new bonds due 1926 have no sinking fund, butcanbe
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 Vaudling, Rlchmondale, Wilson Creek.
8impson, Carbondale, Mayfleld, Jermyn, Archbald to PeokvUle, where
it connects with Scranton lines.— V. 69, p. 1061; V. 70, p. 75.
Stock auth., $450,000) ($50)
let M., Carbondale Traction) 1892 6gJ-J

(b) 8CRANTON & CARBONDALE TRACTION—A trolley road.
Organization— Chartered Feb. 23, 1903. Leased to and operated
by the Scranton Railway Co., which owns all the stock.

STOCK
Stock

&

BONDS—

Miles. Date.

Interest.

Outstand'g.

Maturity.

$500,000
J
150,000 Jan. 1, 1923
Clark & Co., Philadelphia.
<fcl,000
c* [
W.
Free of State tax.
) Lackawanna T. & S. D. Co., Scranton, Trustee.
Bonds ior $100,000 are reserved for power plant, if required, and
f 750,000 for purchase of other railroads and new property.
ROAD— Owns road extending from Scranton to Archbald, Pa., about
5 miles connects with Carbondale Railway to Carbondale.
1st M., $1,000,000, g.,)

1893

5

6

g.

J

-

Interest at E.

;

(c)

SCRANTON & PITTSTON TRACTION.—A

trolley road.

ORGANIZATION— Chartered Sept. 8, 1893, and leased for 50 years to
Scranton Railway Co., which owns nearly all the stock and $60,000 of
the bonds.

STOCK

&

BONDS— Miles.

Date.

Interest.

Outstand'g

Maturity.

Stock (par $100)
Mort. $525,000, g.,
$1,000 & $500 c*

$976,125
*355,500 Oct. 1, 1923
15
1893 6g. A-O
(
< Interest (x) at Union Trust (Trustee), Phila.
Nos.
gu.by Scran. Tr. ( 1 to 400 $1,000 each and Nos. 401 to 650 $500.
x Both principal and interest are payable free from all United States
and State of Pennsylvania taxes.
* Of the bonds outs' anding $295,500 are guar, by the Scranton Ry
the remaining $60,000 are owned by the Soranton Ry.
ROAD— Owns 12^ miles of track, uniting Scranton with Greenwood,
Moosic, Taylorville, Avoca, Pittston and Readham.
EARNINGS— Earnings are now included in Scranton Ry.
;

(fl)

piXTSTON & SCRANTON STREET RY.— A trolley road. Operated by the 8cranton Ry., and earningo included in report of that co.
(?) LACKAWANNA VALLEY TRACTION CO.— A trolley road. Operated by 8cranton Ry., and earnings included in report of that company.

FAIRMOUNT PARK TRANSPORTATION

Organization— A New Jersey corporation formed in 1894. Charter
perpetual; license from Park Commission runs until July 24, 1939.
Owns an electric railway in Fairmount Park. From Nov. 30 to May 1
operation is optional. Owns Woodside Park. Road opened Nov., 1896.
Date. Interest. Outstand'g.
Maturity.
Stock
BONDS—
Stock, $2,000,000 ($50)
$1,847,404
See text.
1st M, gold, $500,000. call) 1897 5g.
500,000
Sept. 1, '12
105 after Sept. 1, 1902, } Girard Trust Co., Phila., Trustee.

&

MS

($1,000)

2nd mort. $250,000,
($1,<00)

o*

gold,

)
>

As

to bonds of 1897 see V. 65, 620.
1900 5g. MS
188,000
Sept.

1,

'12

c*5 Int. at Girard Trust Co., Phila., Trustee.

Nov. 1, 1905
45,500
Bunds— New 2d nitge. 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 sinoe.
Bills payable,

NEW JERSEY SHORT

LINE RR.—
is

owned by the New York-Philadel-

&

(a) CARBONDALE RAILWAY—A trolley road.
This is the old Carbondale Traction Co., which was sold at foreclosure in 1900. The Scranton Railway Co. owns all the stock of the
Carbondale Railway, also the $300,000 5 p. o. gold bonds, due June
1, 1926. Road is leased to Scranton Railway.

&

)

phia Co.

$124,129
$149,258
$273,387
Jan. 1 to Aug. 31,1905 .$624,837
100,202
147,093
247,295
Jan. 1 to Aug. 31, 1904.. 570,366
REPORT— The following covers the operations of all lines controlled.
Surplus.
Fixed charges.
Net.
y rs. to Dec. 31— Gross
$221,779
$166,358
$388,137
$873,627
1904
237,430
120,592
358,022
827,778
1903
OFFICERS—President, C. M. Clark; Vice-President, E. W. Clark Jr.,
Seo'y and Treas.,C. Ford Stevens, Bullitt Building, Phila.; Gen. Men.,
Frank Silliman, Jr., Scranton, Pa.— V. 78, p. 49, 989; V. 81, p. 1850.

STOCK

I

Organization.— Entire stock

1251

Scranton*

[Vol. lxxxii.

Outstanding. Maturity.
Date.
Interest.
STOCK
BONDS.—
Stook, *3,00l>,000 ($100)
$2,100,000
5 g. A-O
1.750,000 Apr. 1, *34
1st mort., $2,f>00,000 g. > 1904
($oOO and $1,000) .. ] Finance Co. of Penn.. Phila., Trustee.
Bonds —No sinking fund and are not subject to call. $760,000 are
reserved for the acquisition of additional properties.
ROAD.— Is constructing a double track road 20 miles in length (40
miles of traok) on private right of way, from New Brunswick, where
connection is made with the Trenton «fc New Brunswick RR., to
Elizabeth, where It conneots with the Public Service Corporation and
will form part of a through line from New York to Philadelphia.
Pending completion through cars are operating between New Brunswick and Elizabeth by way of Bound Brook.

2)
(-

TRENION & NEW BRUNSWICK RR.— Trolley.

in New Jersey on Deo. 10, 1901, under
the General Railroad Law. Entire capital stock is owned by the New
York Philadelphia Co., and road forms part of the through line from
New York to Philadelphia.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
$1,000,000
8tock, $1,000,000 ($100)
957,000 Jan. 1, 1932
5g. J-J
lstmort..$l,C00,000, gold) 1901
c* J Finance Co. of Penn., Phila., Trustee.
$1,000)
($500
Bonds.—No sinking fund and cannot be called.
Road. Owns about 25 miles of standard-gauge track between Trenton and' New Brunswick, over private right of-way.—V. 78, p. 230; V.
79, p. 2087; V. 60, p. 164.

Organization— Incorporated

&

&

—

(:-()

CAMDEN & TRENTON RAILWAY. -Trolley.

Organization.— Incorporated in New Jersey on Deo. 15, 1897.
About two thirds of the stock is owned by the New York-Philadelphia
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 Cinnaminson Electrio 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 Electrio 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.

&

Maturity.
Date. Interest. Outstanding.
BONDS—
STOCK
$1,750,000
Stock, full paid ($10)
Nov. 1, 1929
)
1899
710,000
1st M. g., $750,000
($500 and $l,000)c* S Provident Life & Trust Co., Phila., trustee.
July 1, 1931
1901 5 g. J-J
622,500
Istg'n'iM., $1,750,000)
$500 & $1,000 g ..c* 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 Eleo. Light <Si
Power Co. due April 1, 1914. V. 70, p. 279.
Of the $1,750,000 issue, $750,000 are reserved to retire above outstanding prior liens and the remaining $377,500 is held for extensions at not exceeding $40,000 per mile in Trenton and Camden and
not exceeding $20,000 per mile outside those cities.
ROAD— Comprises the electric-light plants and 38 miles of road

5gMN

between Trenton and Riverton (where connection is made with Camden & Suburban Ry. tracks). By a contract between this company and
the Camden & Suburban, the Camden & Tren. Ry. cars run direct to the
Philadelphia Ferry at Market and Federal sts., Camden. (V. 79, p.
2084; V. 80, p. 162.)

PHILADELPHIA &
TRACTION— A trolley road. WEST CHESTER
he Eastern Securities Co. has acquired control.
1

in Pennsylvania on April 24, 1895. In
1898 acquired control of the Delaware County Passenger RR. and of
the Phila. Castle Rock & West Chester Passenger Ry. Co. In Jan.,
1902, leased the Ardmore & Llanerch St. Ry., a line between the points
named, 3% miles. No bonds or other debt Rental is 5 p. o. on the outstanding stock ($300,000 authorized; $164,900 outstanding) and payment of taxes and organization expenses. Is reported to own also control of Philadelphia & Garrettford St. Ry. V. 81, p. 747.
Date. Interest. Outstand'g. Maturity.
STOCK & Bonds—
$597,200
Stock, par $50 ($1,000,000)
400,000 Oct. 1, 1918
1st M., $400,000, gold, subj. ) 1898
5 g. J-J
tocallatl05aft.0ct.l,1899 $ Int. at Girard Trust Co., Phila., Trustee.
534,000 Jan. 1, 1954
Mtg bonds, $1,000,000, gold ) 1904 4 g. J-J

Organization—Chartered

c* 5 Int. at West End Tr. Co., Phila., trustee.
($1,000)
Bom d* -$466,000 of the new 4s are reserved to retire $400,000 1st
mortgage bonds. Bonds of either issue can be called at any time at
105 and interest; no sinking fund.
EARNINGS.-For fiscal year ending Nov. 30, 1905. gross, $193,319;
net, $73,849; fixed charges, $46,987; surplus, $26,862.
Road— Operates 23*3 miles from 63d and Market sts., Philadelphia,
Gauge, 5 ft, 2^ in.; 60 1b.
Leases Phil. &
rail.
to West Chester
West Chester Turnpike Road Co. for 999 years from 1895. Also
Ardmore Llanerch, 3H miles.
Officers— Pres., A. Merritt Taylor, 610 Arcade Building, Phil.; VicePres.. W. S. Taylor; Sec, H. H. Aikens; Treas., C. L. Rihl. Office, 610
Arcade Building, Phll.-V. 78, p. 22a, 344; V. 81, p. 727, 1551.

T

&

PHILADELPHIA BRISTOL & TRENTON
STREET RYOrganization— Chartered

in

Pennsylvania September 30, 1901, as a
& Bristol Passenger Ry. (purchased

consolidation of the Philadelphia

1

STREET RAILWAYS

Feb., L906.J

at rcoelver's sale on Sept. 10, 1901), and the Bristol Passenger Ry.,
and the Trenton it Bristol Street Ry.
Date. Interest. Oiitstand'g.
Maturity.
Stock
BondsBtock (par $50). $1,000,000..
$1,000,000
650,000 Sept. 1,1932
1st nitge., $1,000,000 gold J 1902 5 g, M-S
t$l,0U0)
o*<Int. at Union Trust Co., Balto., Trustee.
Earnings— Year eroding Deo. 31, 1904, gross, $68,403; net, $20,481;
int. and taxes, $33,552; deficit. $13,071.
Road— Owns and operates 21 miles of track from Torresdale to
Morrisville. Rails, 60 and 90-lb. girder and 72-lb. T; gauge 5 ft. 2 1*
Inches; 11 cars, 3 engines and 3 generators 450 k. w. capacity.
OFFICERS-Pres., J. W. Ellard, Baltimore; Sec & Treas. W. F. Sailer
Jr., Trenton, N. ,.J. Office, 323 Mill St., Bristol, Pa.— V. 75, p. 395.

&

RAILWAYS COMPANY GENERALOrqanization.— Incorporated at Trenton, N. J., Aug. 25, 1899. Is
empowered to build, lease, sell, purchase and operate street railways,
electric light, gas, illuminating plants and water works, and also to aoquire or dispose of the securities of the same. Stock authorized,
$900,000, shares $10; all issued. Is listed OD|the Philadelphia 8took
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 rednoed, this time to $900. OoO. V 81, p. 841.
Control passed in Nov., 1902, to parties represented by President Dick.
In uec, 1905, sold Its holdings in the stock of the Michigan Traotion
Co. and the -took and bonds of the Elmira & Seneca Lake Ry. Notes
payable June 30, 1905, net, $100,350.
The following shows the securities held Feb., 1906:
Total Issue.

Lewisburg Milton & Watsontown Pass,
Lewisburg M. & Watsontown Pass. 5s

$150,000
150.000
27,750
10,000
75,000
75,000
300,000
300,000
500,000

(stock)

Owned:
$150,000
150,000
27,750
10,000

Milton Electric Lt. & Power (stock)
Montoursvile Electrio Lt. (stook)
Montoursville Pass Ry. Co. 5s
75,< 00
Montoursville Pass. Ry. (stock)
75,000
Newtown Electric St. Ry. (stock)
40 000
Newtown Electrio St. Ry. 5s
200.000
Michigau Traction Extension Co. 5s
500,000
Earnings— Gross earnings of the railwavs controlled for the year
ending Deo. 31, 1905, were $374,44*; in 1904 were $338,247; gross
earnings light companies same period in 1905 were $25,949; in 1904,
$25,181. Railway figures cover 8042 miles in both years.
REPORT— For years ending June 30: Income from dividends on stocks
and interest on bonds of subsidiary companies in 1905, $38,214; in
1904, $45,901; salaries, rents, taxes, etc., in 1905, $14,472; in 1904,
$7,482; balance, surplus, in 1905, $23,742; In 1904, $38,419.
OFFICERS— Pres., Evans R. Dick, New York; Vice-Pres., Gerald Hols"
man; Sec and Treas., H. C. Winchester; Gen. Supt., D. A. Hegarty;
Aud'r, L. D. Maltbie.— V. 79, p. 1267; V. 81, p. 841, 1044, 1793

LEWISBURG MILTON & WATSONTOWN PA8S. RY.—Trolley.
Organization-— Chartered Sept. 3, 1897. Commenced operations.
in Feb., 1898. Railways Company General owns all stook and bonds.
Date.
Interest. Outstand'g.
Maturity.
STOCK and Bonds—
(1)

Stock, $150,000 ($50)
1st mortgage, $150,000
c*
($1,000), gold

Earnings. —For

fiscal

...
$150,000
150,000 Jul v 1, 1928
Int. at Union Trust Co., Philadelphia.
I
year ending June 30, 1905, were: Gross, $23,
<

1898

5

g.

J-J

126; net, $728; interest and taxes, $8,098; derioit, $7,370.
Road-— 10 miles of track between points named in title.
OFFICERS— President, Evans R Dick, New York; Secretary and
Treasurer, H. C. Winchester; Ass't Sec. and Treas., L. D. Maltbie;
Supt., L. H. Mountney.

W

(2) MONTOURSVILLE PASSENGER RAIL A Y-A trolley road.
ORGANIZATION-— Chartered in Pennsylvania June 28, 1897. Commenced operations Dec. 16, 1897. The entire stock and bonds are
owned by the Railways Company General. Stock authorized and
issued, $75,000.
Funded debt authorized and is-ued, $75,000, 5 per
cent 30-year gold bonds dated Aug. 1, 1898, Interest J&J. Operates
5>fl miles of track from Williamsport to Montoursville. Pa.
Earnings— For fiscal year ending June 30, 1905, were: Gross, $18,856; net, $4,507; fixed charges, $3,992; surplus, $515.
Officers— Prest., Evans R. Dick; Vloe-Pres., Gerald Holsman; Seo'y
andTreas.,H.C. Winchester. 30 Broad St., N.Y.; Ass'tSec. and Treas.,
L. D. Maltbie; Supt., Richard Barrett

(3) MILTON ELECTRIC LIGHT & POWER CO.
Organization Chartered under the laws of the state of Pennsylvania Feb. 8,1892. Purchased the plant and franchise of the ThomsonHouston Electrio Light Co Authorized capital, $40,000, which was
reduced to $27,750 Dec. 15, 1896, all of which is owned by the Rys.Co.

—

General.

Earnings -Gross earnings year ending June 30, 1905, $17,604;
operating expenses, $14,387; net, $3,217; charges, $316; surp., $2,901.
(4)

MONTOURSVILLE ELECTRIC LIGHT

Organization— Chartered under the laws
vania Sept.

3,

1897. Capital stock, $10,00 J,

CO.

all

owned by

the Rys. Co.

General.

&

&

Stock, $30,000,000 ($50)

Market

W

1st El. mtge.,)

8t.

000 g Uar g
:'

\

1905

I^SSfdtiL™ 1

M-N 10,000,000 May 1, 1955
Land Title & Trust Co., Phila., Tr.

4

g.

nt at
:- .
Stock was listed on the Philadelphia Stock Exchange in July. 1902,
and in Feb 1905, on N. Y. Stock Exohange. A second call of $5 was
made on the shares, payable July 6, 1903; a third for $5 pavable Jan.
20, 1904, and a fourth for $5 payable Jan. 20, 1905, making $20 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 subject to call on any int. date at 102^ and int.
Road- Total trackage, including all lines leased and operated, 1b
554 miles. Operates 3,554 cars.
Annual Report— Fiscal year ends June 30. Annual report for 19041905 was given in V. 81, p. 973.
1904-05.
1903-04.
1902-03.
No. passengers carried.... 402,893,245
390,532,689
365,908,051
Gross earnings
$16,188,645
$15,923,508
$15,277,807
Operating expenses
8,183,437
7,993,315
7,234,893
f$\ ,000)

,

Net earnings
$8,005,208
Other income, interest, etc.
185,9^0

$7,930,193
172,855

$8,042,914
158,766

Total net income
$8,191,188
Taxes and licenses.
$966,535
Union Traotion dividend.. 1,200,000

$8,201,680
$990,702
900,000
5,905,089

$405,889

Fixed charges

5,916,443

$8,103,048
$1,060,897
900,000
5,921,302

Surplus

$108,210

$220,849

Officers— Pres., John

B. Parsons; Vioe-Pres., George D. Widener;
2d Vice-Pres , Charles O. Kruger; 3d V.-Pres., Alex Rennick; See. <fc
Treas., R. B. Selrridge; Asst. sec.
Asst. Treas., John B. Peddle.— V.
81, p. 156, 265,778,841,973.1793.

&
DOYLESTOWN & WILLOW GROVE RY CO -A troUey road.

(1)
In July, 1902, was acquired by the Philadelphia Rapid Transit
through purchase of the entire capital stook ($500,000) for $20,000.
The Rapid Transit o.guarantees int. on the bonds. See V 79, p. 1331.
f

STOCK AND BONDS—
Stock, $500,000 ($50)
1st mortg., $500,000,
$1,000, gold, «uar.e"

Date.
)

Outstand'g.

Interest.

1900

4

g.

J-D

$500,000
500,000

Maturity.

June 1,1930

& Trmt Co.. Phila., Trusteee.
miles of road from Doylestown to Willow Grove, running over the old turnpike between those places, whioh
is leased for 999 years.
Earnings-—Now included in Phila Rapid Transit Co.— V.79,p. 1331
$

Land

Title

Road— Owns and operates 13

TWENTY-8ECOND STREET & ALLEGHENY AVENUE
(2)
PASSENGER RY.
Organization— Formed
8t.

&

in

1903 and merged the old Twenty second
the Fairmount

& Allegheny Ave. Passenger Ry. Co. (chartered 1890)

,

Frankfort Ry. Co., Fishers Lane Ry. Co., Lindley Ave. Ry. Co., Chelten Ave. Pass Ry. Co Germantown & Fairmount Ry. Co. and the Philadelphia <fe Trenton Rapid Transit St. Ry. Co. Is leased to the Phila.
Rapid Transit Co. for 6 per cent per annum on paid-in capital.
Date. Interest. Outstand'g.
Maturity.
Bonds—
STOCK
°4 h
Stock. $1,302,000 ($50,
S$i 5 pa id:i
Road— Operates about 35 miles of track.
Treasurer, John B. Peddle.
.

&

PHILADELPHIA & WILLOW GROVE ST. RY. CO.
Organization-Is a consolidation in 1904 of the Phila. & Willow
Grove Street Ry and the Glenslde Willow Jrove Street Ry. Entire
stock is owned by the Phila. Rapid Transit Co., which guarantees the
bonds, p. and i., by endorsement. See guar. V. 79, p 904.
Date.
Interest.
Outstand'g.
Stock & Bo* DS—
Maturity.
(H)

<fe

Stock, $1,000,000

1st mtge. $ 1,0c >0,0c>0 guar.
gold ($ ,000)
c*

$1,00' ,000

.

J

1904

4i2gJ-J

1,000,000

Unt.atLand Title ATr.

July

1,

'34

Co., Phila., Trustee.

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

annum

for five years; $15,000 per annum for following 5 years,
for the ensuing 15 years. See V. 79, p. 904.
intersection of Weaver
Road— Operates a doublet' aok road fr<
Street or Cherry Lane with Montgomery County line to
How Grove
Park. Total, 17 miles of track.-V. 79, p 904; V. Bl, p. 32.

per

and $20,000 per annum

(-» )

m

W

DARBY & YEADON STREET RAILWAY.

Organization Entire stock ($5,000)
Rapid Transit Co.

is

owned by the Philadelphia

& owned by
BONDS—

Interest.
Outstanding.
Date.
Maturity.
Philadelphia Rapid Transit Company.
1st mtge $200 000, gold, ) 1904 4.^ g J.-D.
$200,< 00 Deo. 1,1934
0' Jlut. at Land Title & Tr Co., Phila Trustee.
guar. ($1,000»
Bon '*.— Are guar., p. and i., by indorsement by the Phil Rap Trans.
Co. Are subject to call on anv int. date at 105 and int.
RoaD — Has under construction a line from the Philadelphia County

8took

all
,

,

Earnings— Earnings year ending June
exp., $7,201; defloit, $355; char ges. $1

In July, 1902, also acquired all the stock of the Doylestown Az Willow
Wll. Urove Trac. Co.
«*rove Ry. Co. Owns entire stook of the Hhila.
Also owns entire stock ($10,000) of the Real Estate Holding Co.,
whioh owns proi erty of an assessed value of $463,850.
franchise Ordinances Repealed— See V. 81, p 265.
Dale.
Ouist-nd'g.
Interest
Maturity.
BONDS—
STOCK

Stock

of the State of Pennsyl-

71

30. 1905, $6,846; operating

9; deficit,

$474.

PHILADELPHIA RAPID TRANSIT.-Controlled.
by the Widener-Elkins syndicate. In Sept 1904. the stock formerly
,

held by the late William L. Elkins was sold to a sydioate. See V. 79.
p. 1024.
Incorporated in Pennsylvania on May 1, 1902, to take over under
lease the Union Traotion Company for 999 years from July 1, 1902.
and to acquire and hold shares of other corporations. (For terms of
lease see Union Traotion below.) The Rapid TransttCo, owns the entire
capital stock and franchises of the following companies acquired by
the Mack-Foerderer syndicate in 1901:
'Broad St. Rapid Tran. St. Ry. Co. 'Market St. Elev. Pass. Ry. Co.
Central Rapid Transit St. Ry. Co.
Northern Rapid Transit St. Ry. <^o.
Chestnut Hill <fe Glenslde Rapid *Passyunk Ave. Elev. Pass. Ry. Co
Transit St. Ry. Co.
'Ridge Ave. Elev. Pass. Ry. Co.
Eastern Rapid Transit St. Ry. Co. Southern Rapid Transit St. Ry. Co
'Frankford Ave. Pass. Ry. Co.
Western Rapid Transit 8c. Ry. Co
'Germantown Ave.El. Pass. Ry.Co. 'Broad St. Subw y St. Ry. Co.
* In June, 1903. the Market St. Elev. Pass. Ry. with $5,600,000
authorized capital stook, absorbed by consolidation the roads marked
above with an asterisk (*). See V. 76, p. 1301.
Construction has begun on elevated structure upon Market St. from
23d St. to Delaware Ave., on Market street west of the Schuylkill
River, and on Delaware Ave. from Market St. to South Ht. V. 74, p.
528, 989; V. 76. p. 1301; V. 81, p. 265. The portion of the subway
from the S •huylkill River to 15th St. was opened Dec. 18, 1905. Remaining portion from 15th St. to Front St. is under construction.
In June, 1903, the following new companies were incorporated in
the Interest of the Philadelphia Rapid Transit Co to build 129 miles
of railway in Philadelphia.
,

Slock.

Glenwood Rapid Transit Street Rv
Moyainensing Southwark Rap. Transit
Parfcside Rapid Transit Co

$270,000
<te
St. Ry.
282.000
42,000
Bust' eton & By herry Rapid Transit 8treet Ry.. 120,000
Broad St. <fe Boulevard St. Ky. (5 p. c. paid in)..
40,000

Line.

45 miles.
47 miles.
7 miles

20 miles.
10 miles.

line to

Darby.

UNION TRACTION.-A trolley road.

Lease— The Union Traotion Co. has been leased for 999 years from
July 1, 1902, to the Philadelphia Rapid Transit <'o. Lease rental (payable in gold) is $900,000 per annum (equal to 3 per cent on the face
value of the *30,000,000 stock) for the first two years, $1,200,000 per
annum (equal to 4 per cent on stock) for the next two years, *1,500,000 per annum (equal to 5 per cent on stock) for the next two years
and $1,800,000 per annum (equal to 6% on stook) thereafter.
The
stockholders of the Union Traction Co. were Riven the right to purchase 150,000 shares of the new Rapid Transit Co. stock. V. 74,p. 989.
Organization Chartered Sept. 13, 1895, and acquired on or about
Oct. 1, 1895, all the shares of the Electric Trac. and People's Trao.
00m panics, in place of which were issued collateral trust certificates
secured by the shares placed in trust. In 1896 leased thesf properties
for 998 years and 3 months from July 1, 1896. On Oct 1, 1895, leased
for 999 years the Philadelphia Traction at 8 p. c. on its capital stook
and has "assumed" its 4 per cent collateral trust bonds. V.61, p. 663.
Leases (from Jan. 1, 1898) Hestonville Mantua <fe Fairmount Passenger Ry. for 999 years at 6 p. c. on preferred and 4 p. 0. on common
stook see V 66, p. 236. The Lehigh Ave. Ry. Co. ($600,000 stook)
was also leased for 999 years from July 1, 1899. These companies included all the leading street passenger railway lines within the oity
of Philadelphia. See terms of consolidation, etc., in statements for
the constituent companies and V. 61, p. 152, 197, 283, 663
Int. or
OutMaturity or
last dividend.
Stock Bonds— Date. Dividends, standing.
Stock, $30,000,000,
600,000 shares. ) Jan 0R „„
1-J
JJ i $17-50 paid in. \
00 l ™
par $50
I
TrustCo. certificates
1895
4g,A-0 29,730,114 red. aft. Oct.1,'45
gold, guar. p. <fe i. Interest at Pa. Co. for Ins. on Lives <6s Granting
by Union Tr
Annuities, trustee.
Coll. trust 1st mort,
1902
4 g, J-J
$1,470,000
Julv 1, 1952
$1,500,000, gold <::} Land Title & Trust Co., i'hlladelphla. Trustee.

&

,

-

'

>

.

:

:

STREET RAILWAYS

:-2

Trust Certificates—1'he trust certificates are not the direct oi»h
rations of til'- Union Traction Co.. but were issued by the Pa.
Co. for Ins. on Lives & Granting Annuities to pay for the shares of
the Electric and People's Traction companies purchased and are
scoured by a deposit with the Trust Co. of all the shares of the stoote
of the Electric Traction Company and the People's Traction Com
pany thus acquired. Bee description of certificates in V. 64, p. 135
They are guaranteed, principal and interest, by the Union Traction Co
and arn redeemable at the option of that Co. on ant after Oct. 1. 1945.
Oollairr.ii Trns> Bonds The collateral trust bonds were issued to
fund the floating debt, and are secured by the deposit of 35.000 shares
of the common stock of the Hestonville Mantua & Fairmount Pass. RR
Subject to call at 105 and accrued interest; $30,0oo has been retired
by sinking fund.
Road— Operates 544*62 miles of track and has 1.911 closed oars,
1,236 open cars, 312 other cars, plows, etc.; otal. 3,459
Officers— Pres.. John B. Parsons; 1st Vice-Pres., Geo. D. Widener;
2nd Vice Pres and Gen. Man., Charles O. Kruger; Sec. and Treas., Robert B. Selfridge; Ass. -Sec. and Treas, Jno. B. Peddle; Compt., J. D.
Hiestand— V. 75, p. 31, 6»>9, 1255.

Linen Controlled by Union Traction

*'o.

CATHARINE & BAINBRIDGE STREETS RY— A

trolley road.

Organization— Incorporated May 14, 1889, and leased to the Philadelphia Traction March 1, 1890, for 99 years, and since Oct. 1, 1895,
operated by the Union Traction Company; in Sept., 1895, term of
lease was increased from 99 to 999 years and stock from $150,000 to
$400,000 (all owned by Union Traction Co.); rental is $24,000 yearly,
besides interest and taxes.
Maturity
Bate. Interest. Outst'd'g.
Stock &, Bonds—
Stock, par $50
See text.
6% M-S $400,000
l8tM.$150,000($l,000)o
1890 5 x A-O 150,000 Apr. 1, 1920
D-.e lessee July, 1905.
234,698
Infest at Land. T.
T. Co., Trustee, Penn. Co. for Insur.on Lives, etc
Dividends— Dividends of 6 per cent are paid
Road—The road aggregates 11-36 miles of track.

&

(2) CITIZENS

PASSENGER RAILWAY-

ORGANIZATION— Incorporated March 25, 1858. Leased to Frankford
&Southwark Passenger Railway Company April 1, 1892, for 999
years; rental now $140,000 per annum, equal to 28 per cent, on stock,
or $14 per $50 share. This lease was assumed by the Electrio Traction
Company July 1, 1893. The Union Traction now operates the road.
Maturity.
STOCK & BONDS— Miles. Date. Interest. Outstand'g.

11
Stock $500,000 ($50).
See text
28%Q-.I See text.
Stock paid in $192,500; $20 on 8.500 shares and $15 on 1,500
shares. Road. Columbia Avenue to Mifflin St., 11 miles of track.

(3)

CONTINENTAL PASSENGER RAILWAY -A trolley road.

Organization— Incorporated Sept. 3, 1873. Leased Jan. 1, 1880, to
Union Passenger Railway Company for 99 years at rental of $6 per
share per annum, interest, taxes and operating expenses; lease ass'tmeri
to Philadelphia Traction Company June 30, 1884. Operated by Union
Traction Company since October
sheet July 1, 1905, $600,000.

&

Stock

Bonds—

1,

Stocks owned, per balanoe

1895.

Stock, par $50

$6 J

- J

Maturity

Outstand'g.

Date. Interest.
j

l^paidin

8ee text

}

$*280,000
1879 6% J - J
1st mortgage, ($500 J
Jan. 1, 1909
and $1.000)
c. I Interest at Land, T. & T. Co., Philadelphia, Pa.
Due lessee for additions July 1, 1905, $67?, 260.
Bondp are subject to drawings of $20,000 Dec, 1, yearly. Trustee
Land Title & Trust Co. Own 1007 miles of track.
'

(4)

ELECTRIC Traction8,

1893, and acquired control of

the Citizens' Passenger Ry..the Frankford & Southwark Passenger Ry.
and the Second & Third Street Passenger Ry On July 1, 1896, leased
for 999 years the Citizens' Cleaj field & Cambria St. Ry., the Citizens'
East End St. Ry., the Brown & Parrish St. Ry., and the Citizens' North
End St. Ry.
In 1895 the Union Traction Company acquired all the itock at the
rate of $85 per share for each share on which $50 had teen paid and
$70 per share for each share on which $30 had been paid, the Pennsyl
vania Co. for Insurance on Lives & Granting Annuities issuing therefor its guaranteed trust certificates. On July 1. 1896, the Union Trac
tion Co. leased the property for 998 years and 3 oionths. See V. 61, p
197, and also " Union Traction."
Dividends.
Issued.
Outstand'g.
STOCK
BONDS— Par.

&

Btock (part $30 pd.) $50
$8,297,920
Stock authorized, 175,000 shares of $50 each; issued, 152,396 shares
Of $50 paid and 22,604 shares of $30 paid, making total $8,297,920.
ROAD- Operates 128-17 miles of track. Rail 90 ll>s. V. 63, p. js7-

EMPIRE PASSENGER RAILWAY—A trolley road.

Organization— Incorporated Feb. 10, 1869. Leased Deo. 26, 1873,
to Citizens' Passenger Railway Company and the Seventeenth and
Nineteenth Street Passenger Railway Company for 999 years. Trans
ferred Oct. 1, 18:i5, along with all right to dividends on 6,100 shares
of its 8tocK [then held by the Union Passenger Railway Co. as trustee
and lessee], by lease of Philadelphia Traction to the Union Traction Co.
Date. Interest. Outstand'g
Maturity
STOCK
BONDS—
8tock,par$50
(All owned t>y Phila Tr.)
$600,000
gold, *200,1st M.,
1900 3Hg. J-J
200,000 Mar. 1, 1930
000 ($500
o, \ Land Title
Trust Co., PhiladelDhia. Trustee
Bonds— The new 3 ^s were issued to retire alike amount of 7», due
July, 1900
Due lessee Co. for additions July 1. 190% $705,715.
Road— Owns 10-25 miles of track.— V. 70, p. 1150.

&

<<fc

(6)

FRANKFORD & SOUTHWARK PASSENGER RAILWAY-

4, 1854. Acquired stock of Lom
bard « South Streets Passenger Railway in 1890. Leased to the Electric
Traction Co for 999 years from July 1, 1893, dividends for the several
years named oelow being guaranteed per share
4th
3d
5th
2d
6th
7th 8th 9th 10th & after
1st
$12 $12 50 $13 $13 50 $14 $14 50 $15 $16 $17
$18

ORGANIZATION— Incorporated April

&

Miles. Dale. Interest. Outstand'g. Lastdiv.,etc
BOND8—
8TOCK
45
itock. par $50
$1,875,000
See text.
Deoi ni VoiUioUed Lines (assumed bu Electrit Traction Co.):

Q-J

Lombard* South

Sts.

Pass. IstM. ($500 <k
.... c
$1,000)
West End Pass'gr Ry.,

1881 3 2 J-D
$150,000 Dec. 1, 1951
> Inter'st at Real Estate Title Insurance & Trust
i

)
(

Mtge ext $150,cO'K
c(

10

9

1875 4

A-O

Phila. Trust S. D.
Int. at Land Title

&
&

132,100

Oct. 1, 193r>

Ins. Co., Trustee.

Trust Co
hestnut St., PhilaThe Lombard & Houth Sts. Pass, issue o' $150,000 was originally 5
per cet.t, but was called at maturity and then extended for 50 years
from De 1, 1901 at 3*2 p. c. Th« West End 'ass. Ry. inort matur. d
Oot. 1, 190% but w *s extended for 30 years at 4 p. c. V. 81, p. 156
ROAD— Controls 45 miles of track, acquired as follows
Frankford <te Southwark Passsenger Railway
20 miles
Lombard & South Streets Passenger Railway
19 miles
Lehigh Aven ue Railway
6 miles
($100

61

$500)

Interest on

all

loans payable by Elec. Tr. Co., 421

I

.

(7)

GERMANTOWM PASSENGER RAILWAY.— A trolley road.

Organization— Incorporated April

21, 1858. Leased Oct. 1, 1881
to the People's Passenger Ry. Co. for 999 years, but rental modified in
1893; stock since 1897 receives dividends yearly of $5 25 per share.

LXXXII.

&

STOCK

Stock, par

BONDS—

Miles. Date.

$50

amount paid

Interest.

Maturity.

Outstand'g.
1

J

>

<

(

8"

n

p. c.

Owns

in.

Q

8ee textu
\ $ i5 p r
n \
per annum (Q.— J.) on par or 40 per cent on
7 miles of road.

$6

Dividends are 12
(9)

.

HESTONVILLE MANTUA & FAIRMOUNT

Organization— Incorporated April

RY.—

PASS.

1859. Franchise is perpetual.
Lease— Hestonville M. <te F. road leased from Jan. 1, 1898, to Union
fraction for 999 years at a rental of 6 per cent on the preferred and 4
per cent on the common stock. By the terms of the lease the Fairmount Park & Haddington lease is assigned to the Union Traction
which assumes the dividends guaranteed on that stock (all owned by
Hestonville Co). The Union Traction assumes the bonded debt of
both the Hestonville and Haddington companies and purchased 4,780
shares of the preferred at par and 35,294 of the common Hestonville
stock, the common at $45 per $50 share. V. 66, p. 236.
Date. Interest.
Outstanding.
Maturity.
STOCK
BONDS—
Common stock, par $50
4 J-J
See text.
$1,966,100 f.p.
Preferred stock, par $50
533,900 f.p. See text.
6 J-J
Consrol. M., $1,250,000 S 1894 5-3 »ogM-N *1,2?>0,000
May 1,1924
g., $500 & $1,000. c*x { Trustee, Girard Trust Co.
Guaranteed rental 999 year lease—
PairmountPK.&Had'et'n s
r„tt *
300,000
See text
Pass. Ry. St'k, par $50. ? .— *>***
241,968
'Leased Equip Account," June 30,1904
Due leased lines June 30, 1905
lOO.OoO
Interest is payable in Philadelphia, x Free of tax.
* Of the $1,250,000 outstanding, $124,500 were issued Jan., 1901,
as 3 1* per cents to take up bonds of like amount of the Fairmont Pass.
Ry. due at that time, and $75,000 on March 1, 1902, to take up a like
amount of 2ud mortgage 6s maturing on that date.
Common stock authorized, 39,322 shares preferred, 10,678 shares
par value of each, $50 stock outstanding as in table.
Road—Owns 17-83 miles of track in Philadelphia; leased and operated
5 35 miles; total, 2317 miles.— V. 71, p. 1167.
6,

&

;

:

(9£)

LOMBARD

<fe

SOUTH STREET PASSENGER RAILWAY.—

& Southwark Passenger Railway
(10) PEOPLE'S PASSENGER RAILWAY.— An electric road.
Organization— Chartered April 15, 1873. The People's Trac.

See Frankford

Co.

on April 15, 1893. acquired the entire capital stock of this road at $70
per share The Traction Co. then leased the People's Passenger Ry.
By a tripartite agreement this lease was en July 1, 1896. assigned to
the Union Trac Co. for 998 years and three months. Rental la 10 p. c.
per annuui on capital stock ($2 50 per share) as below shown, nearly
all of which is pledged for People's Traction Co. trust certificates.

Stock

Common

&

Bonds.—

stock $25...
Preferred stock $25
Istmort. ($1,000) .c

Dale.

2d mortgage $500,

000
Con

($1,000).... c

$1,125,000
c<fer
$1,000

See text.
See text.

219,000 Jan. 15,1935
J. -J. 15
285,000 July 1, 1911
1881 5 J. -J. 15
Guarantee Trust & Safe Dep Co .Phila Trustee.
246,000 Mar.
1, 1912
1882 5 M.-S.
Guarantee Trust & Safe Dep. Co., Phila., Trustee.

1874 4

,

.

aT

Maturity.

Outstand'g.

Interest.

10%M-S31 a60,000shs.
10%M-S31 a23,000shs.

s

stock paid in $740,965 50.
All interest ar the office of the Real Estate Title &Tr. Co. The first
mtge. bonds matured Jan. 15, 190% but $219,< 00 of the $2-0,000
were extended as 4s to 1935, the remaining $31,000 (<eing canceled.
Due People'*- rracti-in Co. July 1, 1905, for construction and equipment. $5,848," 9
The stock acquired by the People's Traction Co. was pledged as
secunty for trust certificates. See People's Traction.
Road— Company operates 92 05 miles of traok.— V. 61, p. 469; V.
al

.

63,p.j:v»

TRACTION— An electrio road.

(11) PEOPLE'S

Organization— A Pennsylvania corporation chartered

in

March,

1893, to operate and equip with trolley the People's Passenger Ry.,
the entire capital stock of which it purchased on or about Apr. 15,1893.
In Oct., 18H- the Union Traction Co. acquired all Traction stock at $76
per share, the Pa. Co. for Ins. on Lives <& Granting Annuities issuing
therefor its guaranteed trust certificates. On July 1, 1896. the Union
Traction Co. leased the road for 998 years and three months.
Maturity.
Issued.
Date. Dividends.
STOCK, Etc.—
Capital stock $30 £
«_„ ,_+
5 200,000 shs. >
feee text.
Fullpaid. <
^
\
(Seetext.)
Feb. 1, 1943
1893 4 g. F.-A.
$5,807,000
Trust certs., gold,)
Interest, tax free, payable at Penn. Co. for Insor1893.no/ subje't >
to call, $1,000 )
ances on Lives, etc., Phila., Trustee.
Trust certificates were issued by Pa. Co. for Ins., etc., and are securer! by pledge of People's Passenger Ry. stock (see that company
above), and by contract of People's Traction Co., which guarantees
principal and interest. Issue limited to $1,000 for 142 7 shares deposited, making total authorized $5,810,000. Of this, $5,807,000 are
outstanding. Sinking fund $25,000 yearly, beginning Feb. 1, 1903.
(1^) PHILADELPHIA CITY PASSENGER RY.— trolley road.
Organization— Incorporated April 9, 1859. Leased to West Philatelphia Passenger Railway Company for 99-» years from Jan. 1, 1884,
for interest on bonds, $2,500 per year for organization and dividend of
$7 50 per share. Transferred under lease of Philadelphia Traction Co.
Oct. i 1895, to the Union Traction Co.
Maturity.
Bonds— Par. Date. Interest Outstand'g.
Stock
,

A

,

&

Stock, $1,000,000.

Istmort., ext'd..c.

\

$50
500

Debentures.

.

Road — Owns

c.

5% J-J

I

20,000 shs.,
$23 75 paid
$200,000

>

See text.

\

{

TJrle

<S

Jan.
Trust Co., Trustee.

1,

1910

000

Land

500.&C

S

$7*2 J-J

1861

]

Co., Trustee.

V OL.

Par. Dale. Int'sl. Outsand'g.
Maturity
$50
Q-J See text.
See text.
Stock— Paid in $650,000; $15 per share on 20,000 shares and $35
oer share on 10,000 shares.
Road— Owns 31 miles of track. Extension of 2,000 feet from Hillorest Avenue to city line completed in September, 1898, forms, with
the Rox borough Chestnut Hill & Norristown Passenger Ry. a through
line to Norristown.— V. 69, p. 695.
S) GREENE & COATES STREET8 PHILA. PASSENGER RY.—
K
Organization— Incorporated Apr. 21, 1858. Leased to People's Passenger Ry. for 999 years from Sept. 1, 1881, at an annual rental of $60,000. interest on bonds (since fallen due) and expense of management.

.

Organization— Incorporated May

(5)

|

Stock & Bonds—
^ock $1,500,000($50)

,

(1)

;

1.

1935

j-^;^ ggjffitto £°?r ™?,Co.,

Mar.

Phila.

11-7 miles of track.

(13) PHILADELPHIA <& DARBY RAILWAY— A trolley road.
Organization— Incorporated April 28, 1857. Leased to the Philadelphia City Passenger Railway Company for 999 years from Jan. 1, 1870,
for $8,000 per annum and interest on bonds. Transferred under lease
or Philadelphia Traction Co. Oct. 1, 1895, to Union Traction Co.

STOCK

db

BONDS—

par $50
lstmorr*a*e
let mortgage

Date.

c\ Il)tereRt
c
j
at
14-80 miles track.

Road—Owns
PHILADELPHIA

(14)

Outstand'g.

Interest.

4 J-J
4 M"N

tJtock,

<&

Lai11 & t

$200,000
100,000

x.

Maturity.
Seetext.

May

1.

1927

& T. Co.. Philadelphia, Pa.

GRAY'S FERRY PASS. RY.— Trolley.

9, 1858. Leased to Philadelphia
Traction Co. lor 999 years, from Jan. 1, 1891, at rental 1st five years,
$43,225, or $3 50 per share per annum, and $49,400, or $4 per share
per annum thereafter, the lessee to pay all taxes, running expenses

Organization— Incorporated April

"

)

:

STREET RAILWAYS,

kkb., \'mw>:

1895. In
Operated by Union rraotion Companj since October
March 1903, absorbed the Schuylkill River Pass. Ry. and increased
i

et«.

capital stock to $1,000,000. V. 76, p. 654.
Outstand'g.
Mis. Dale. Int.
Stock
Bonds—

&

Last

T)iv., etc

See text
$4 J-J ] .,*,,", i;o 5 ,,'l \
Stock. $1,000.000($50)
ZMvidends at Real Estate Title Ins <fe Tr. Co. Owns 10 miles of traoh
(15) PHILADELPHIA TRACTION— A trolley road.
Organization— Incorporated Aug.22, 1883, and secured control of an
extensive system oi roads in Phila., Pa. (about 210 m. «>f track), which
it held
either by lease or ownership of securities, not in fee.
Under the Lease to the Union Traotion Company dated October l, 1895,
all the leases and the securities owned were assigned to the Union
-

Companj which assumes
The

Lease to

Union

all liabilities for rentals, etc.
Traction Co. is for 999 years from

October 1,
percent) per annua

1895. Tin lease provides for dividends of $4 (8
on each $50 share, payable in gold coin, free of taxes. The collateral
trust Is are " assumed" by the Union Traotion. See V. 61, p. 663, for
extracts from lease. Philadelphia Traction stockholders were allowed
to subscribe for new Union Traction stock. See V. 61, p 197.
Maturity,
interest.
outstanaxng.
Date,
Bonds—
Stock
See text.
A.-O.
$20,000,000
....
8
Stk. ($50. $20,000,000
H-il.000 Aug.15. 1917
4 g. F.-A.15
Col. tr g. bonds. $1,-) 1887
300.000 ($l,o00.o* > Interest, free of tax, payable at Laud T A. T.Co.
Sub. to call at 105. ) or Penn. Co. for Insurances on Lives, Trustee.

&

.

$4,064,185
ODenacets. July 1.1905
The oonas are secured by deposit of 5,100 shares of W. Philadelphia
and 1,750 shares Union Passenger Ry. stock. Loan, originally $1,300,000, reduced to present figures by sinking fund drawings at 105 (about
$35,000 a year). These bonds and floating debt are " assumed" by the
Union Traotion Co. under the lease.
1885, 86, '87, '88, '89. '90 to '93, '94, 95' '96, and since,
4
6
8 (?)
8 p. o. per an.
2
6
5
3
Under lease, dividends of 8 p. c. are guar. V. 61. p. 663; V. 73. p. 288.
Road—The system assigned to the Union Traction Co. aggregated
210 miles, consisting of the following " Passenger Railways:
Miles
Miles.
9*45
52-t
Phila. City Pass. Ry
Union Passenger Ry
27-25 17th & 19th Streets
8-84
Wes Phila, Pass. Ry.
15*25 22d & Allegheny
8-25
Ridge Ave. Pass. Ky
14-80 Morris & Tasker
7-30
Phila. & Darby Pass. Ry
5-10
13-10 Catharine <te Bainbridge sts
13th
15th Streets
18-86
10-20 Other lines
Phila. & Gray's Ferry
9*80
Continental Pass. Ry
9-80
Total of all
21000
Empire Pass. Ry
—V. 63. p. 311, SiT, V- 65, p. il 4: V. 70, p. 280; V. 71. p. 238.

DIVIDENDS—

J

Per cent

<

'

&

.

(16) RIDGE AVENUE PASSENGER RAILWAY.
Organization— Consolidation of Girard College Passenger Ry. an
the Ridge Avenue & Manayunk Passenger Ry on Mar. 8, 1872. Lease
to the Philadelphia Traotion Co. for 999 years from Sept. 1, 1892, fodividend of $10 per share per an. to Sept., 1895, and $12 per share
thereafter. Operated by Union Traction Co. since Oct. 1, 1895.
i

1

&

Outstand'g.
7

Last div., etc.
text
$28 p'dper sh. \ 8ee
On account of some old debts, dividends for 1«96 were continued
at $10 per share Instead of the $12 as noted above. In 1897 dividends
were increased to $ 2 per share. Owns 15-25 miles of track.

STOCK

BONDS—

8took, $750,000 $50

Interest.

$12 Q-J

-

j

1

(17) SECOND & THIRD STREET PASSENGER RAILWAYORGANIZATION- Incorporated April 10, 1858. Leased Jan. 1, 1893
to the Frankford & 8outhwark Passenger Railway Company for 999

years for the following guaranteed dividends per share per annum
1898-99.
1896-97.
1900.
1901.
1902 <k aft.
1894-95.
1893.
$11
$12
See below.
$10
$10 50
$8 50
$9
Dividends in 1896 and 1897 were to be $9 50 per annum, but the
dividend for 1896 and for the first half of 1897 was at the rate of $9
per share instead of $9 50, the balance being applied to the payment
of the debt of $27,000 incurred for paving. V. 62, p. 785. The full
$12 per annum, however, is now being paid.
This lease was assumed by Electric Traction Co July 1, 1893.
Outstand'g.
Last div ., etc
BONDS— Date. Interest.
STOCK
U
4
St
Text
See text.
$771,076 pd. in.
$50° \
s°hares- par
"Sundry liabilities," June 30, 1905, $286,495.
(18) SEVENTEENTH <fe NINETEENTH STS. PASSENGER RY.—
Organization— Incorporated April 12, 1859. Leased to the Continental Passenger Railway Co. for 99 years from July 1, 1879, at rental
of $15,000 per annum, being 3 per cent on 10,000 shares (of $50 par)
Stock, interest on bonds, taxes, expenses, etc. Transferred under lease
of Philadelphia Traction Co., October 1, 1895, to the Union Traction
Company; all rights of the Philadelphia Traotion Co. to dividends on
the 10,000 shares of the 17th & 19th Streets road, which were then
held by the Union Pass. Rv. Co. as trustee and lessee, being also transferred to the Uuion Company. Stock all owned by Union Trac. Co.
Outstand'g.
Date.
Inlesest.
Maturity.
STOCK
BONDS
8
Stook, par $50
J-J
8ee text
3%
j ^a^pald
\
IstM. ($500)...c>
1876
July 1,1919
5% J-J
$100,000
Extended
$ Interest at Land. T. & T. Co., Philadelphia, Pa.
Due lessee for additions July 1, 1905, $554,289.
Road— Owns 8-84 miles of track.
(19) THIRTEENTH & FIFTEENTH STS. PASS. RY.—A trolley road.
Organization— Incorporated April 8, 1859. Leased Jan. 1, 1892, to
Philadelphia Traction Company for following rental
From January,
1892, to January, 1894, $9 per share per annum 1894 to Jan., 1897,
per share; 1897 to Jan., 1900, $11 per share, and from Jan., 1900,
12
S10 per share. Lease transferred to Union Traction October 1. 1 895
In an action to restrain the Philaielphia Rapid Iransit from building a surface line on Broad Street, the Common PJeas Court No. 2 at
Philadelphia, in December 19 ">4, refused to grant a permanent injuno
tion. Case appealed. No decision yet on appeal.
Interest.
o-uistand'q.
Maturity.
Bonds- Date.
Stock
Stock, par $50, $1-,
<
$434,529
,,,, , ,
*i^j-j
See text.
000.000
paid in.
^
\
Consols ($500,000) c. 1894 5&3i<2% J-J
$500,000
Jan. l, 1934
Real estate mtges
90,000
The consols are guaranteed principal and interest by the Philadelphia Traction Company, and the coupons are payable tax free; $100,000 of these are 3*e p. cents and were exchanged for old 7 p.o. bonds of
like amount due Oct. 1. 1903. V. 77, p. 695.
Interest and dividends are payable at office of the Fidelity Trust Co..
the trustee of both mortgages.
Dividend in July, 1895, $5 ner share; the January, 1896, dividend
was not paid, owing to payment of city's claim for paving. V 61 p
1155. In July, 1896, paid $4 per share; in 1897, $10 50 per share; in
1898, $1 1 per share; in 1899, $1 1 per share; in 1900, $1 1 50 per st are;
in 1901, $12 per share; in 1902, $12 per share; in 1903, $12 per share
In 1904, $12 per share; in 1"05, $12 per share.
Road— Owus 15 miles of track. V. 76. p. 734; V. 77, p. 695.

&

&

-

.

^

—

'

-

:

;

&

(20) UNION PASSENGER RAILWAY—Trolley road.
ORC ANIZATION— Incorporated April 8, 1864. Leased to Philadelphia
Traction Company for 999 years from June 30, 1884, at an annual
rental of $285,000, or $9 50 per share on stock, and interest, taxes, eto
There are outstanding 30,000 shares ($1,500,000) of stock, on which
$30 83hs has been paid in on each share, or a total of $925,000. stock
Is considered full paid. $d()J,30j of tne stock is owned by the Phil .-

73

Its lease of the Continental Pass. Ry. was
deiphia rractioi Co.
assigned to the Philadelphia Traction Co. and since oct. 1, 1895, operated by the Union Traction Co. The Union Passenger Railway Co. is
still holding, as lessee and trustee, 6,100 shares Empire Passenger Ry.
stock and 10.000 shares of 17th & 19th Streets Passenger Railway.
Date.
Interest.
Outstanding. Maturity.
BONDS
Stock

—

&

$5 0)

'l

:}
$t5oS ($100
mortgage

\*lf\

.

^e text.

See text.

5xA-0
1881
Mar.31,1911
$500,000
Not now redeemable before maturity.
and $500)
c. J
Penn. Co. for Insurances on Lives, Trustee.
Mar.31,1910
1884
5x A-O
250,000
2d mortgage ($100)
and $500)
c. S Int. on bolh loans at Land, T. <feT. Co., Phila., Pa.
1st

>

Due lessee company for additions July 1, 1905. $6,656,392.
The 1st rntge. 5s of 1911 were formerly subject to call $20,000 year"By a resolution of
ly, but bouds now bear the following endorsement
the Board of Directors, passed October 2i, 1884, this bond is not sub:

jeot to

redemption before maturit> .—J. B. Peddle, Sec."

ROAD — Owns 56

(2

)

miles of track.

WEST PHILADELPHIA PASSENGER RY— Trolley.

Organization— Incorporated May

14, 1857. Leased Jan. 1, 1884, to
the Philadelphia Traction Co. for 999 years, at au annual rental of
$150,000, or 20 per cent on stock, and interest, taxes, etc.: transferred
Oct. i. 1895, to Union Traction Co. The Philadelphia Traotion Co.
owns $392,950 of the $750,000 stock.
Outstand'g.
Interest.
Maturity.
Date.
Stock
Bonds
Stock, par $50
$10J-J
$750,000
See text.
246,000 April 1, 1906
1st mort. ($1,000), \
1876
6
gold
Girard Trust Co., Philadelphia, Trustee.
o I

—

&

2d mort

r$1

A-O
5M-N

000)

1886
A Pennsylvania Co. for the750,000
Ins on

May

1,

1926

Lives & Gr. of
^
Annuities. Philadelphia, Pa., Trustee.
Interest on both loans payable at Land, T. & T. To., Philadelphia, Pa.
Due lessee for additions to July. 1905, $2,509,620.
ROAD— Owns 27-25 miles of track

Vr„JVJ,;.,V^'"
a lee trom tax.

}

INTER STATE RAILWAYS.-

ORGANZAriON— luoorporated In New Jersey on December 3, 1902,
with very broad powers. Is empowered to acquire and operite railroads, to develop and furnish all kinds of motive power, to manufaeture, mine and deal in ooal, gas, oil, electricity, steam, light, heat,
etc, etc. In December, 1902, obtained control of the United Power
& Transportation Company through purchase of the outstanding
($3,593,750) capital stock, on a basis of $75 for each $25 share,
payable in collateral trust bonds.
Up to Febru ry, 1906, $3,592,200
of this stock had been exchanged for bouds on this basis. United
Power shareholders also had the right to subscribe for one share of
Inter-State stoek for every fourteen held.
The Inter-State Rwys.
likewise owns $ :50.000 Wiikes-Barre & Wyoming Valley Prao. 5 per
cent collateral trust bonds.
Interest. Outstanding.
Maturity.
Date.
stock
Bonds—
Stock, $10,0 >0.000($100)
$2,000,000 f.p
Collateral trust, gold. ) 1903 3-3^ 4g.F-A 10,776,600
Feb. 1, 1943
$10,781.250
oM Int. at Real Est.Title, Ins. &Tr., Phila., trustee.
Stock was listed on the Philadelphia stock Exchange in April, 1903.
Bonds are dated Feb. 1, 1903, and are secured by deposit or United
Power <& Transportation stook. They bear 3 p. c. interest the first
year, 3^ the second and 4 the third and subsequent years. Denominations. $100, $500 and $1,000. Are subject to call at 105 and interest after Feb. 1, 1913, on 30 days' notice.
REPORT—The annual report covering the year ending Jan. 31, 1906,
shows: dividends on $3,592,200 stock of the United Power
Trans. Co.
$445,433; other Income, $56,854; total, $502,287; interest on InterState Rys. coll. trust bonds, $431,058; expenses account and taxes,
$3 '.498— $462,556; sur lus, $39,731.
OFFICERS— President, John A. Rlgg. Vice-Pres., Jos. L. Caven- Sec.
& Treas., Remi Remono.— V. 78, p. 7o2; V. 79, p. 2147; V. bO, p. 1111.

&

&

UNITED POWER & TRANSPORTATION

CO. — Electric roads.

Incorporated April 20, 1899, under New Jersey laws to construct,
operate and own street railways, power companies, etc., and do a
general business (V. 68, p. 929). In Dec, 1:03, stock was acquired by
luter-State Railways Co,, which sne inline Ma ely above.
On Oct. 1, 190S, owned the following stocks and bonds. We show
also the total amounts outstanding of each Issue.

Owned.
Stocks.

Power Co. of Delaware Co... 6,229
Philadelphia Electric Ry
5,993
Edison Electrio Illuminating Co. of Lebanon, Pa
9,993
Holmesburg Tacony & Frankford Electric Ry. Co
14,993
Lebanon Valley Street Ry. Co
9.991
Media Glen Riddle A Rockdale El. St. Ry
1,631
Philadelphia <fc Chester Rv
6,992
Reading * Southwestern Ry
1,142

Citizens' Electrio Light

Delaware County

<!fc

&

Reading Power Co
Roxboro Chestnut Hill

Total
Stock.

Shares. Shares,

7,500
6,000
10,000
15,000
10,000
1.640
7,000
2,600

2O0

&

Norristown Ry. Co
8chuylkill Valley Traction Co
Southwestern St. Ry
Trenton Street Rv
Trenton Traction Co
United Traction Co. of Reading, Pa
Wilkesbarre <fe Wyoming Valley Traction
Wilmington & Chester Traction
Wilmington city p;iectric
Wilmington & Great Valley Turnpike Co
Wilmington <te Phila Turnpike
Wilmington & Christiana Turnpike Co
.

Bonds.

&

Citizens' Electric Light
Power Co. 1st M. 5 p. e...
Phila. & Chester Ry. Co 1st M. 5 p. o
Schuylkill Valley Traction Co , Ino. Mtge
Southwestern St. Ry. Co., IstM. 5 p.o

200

4.938
9,990
7.995
19,963

4,968
10,000
8,000
20,000
178-10
8,000
50,000
i 0,000
5,100
1.04C
1,200

18

7.991
49,989
39,993
5,089

974
1,035

641
Owned.

680
Total
Issue

$12-00 $12,500

8<>,000 350,000
100.000 100.000
26O.000 400,000
STOCK AND BONDS.— Slock authorized, $12, 500,000; shares $25, fun
paid. In Mar., 1902. the outstanding stock was increased from $3,125,000 to $3,5^3,750 (V. 74, p. 682), the additional shares being sold
to stockholders at $35 per $25 share. Bonds, 4 per cent collateral
trust certificates, are in two series, which w*> have mnrlred (a) and (6)
belo-w (Stock and bonds listed on Philadelphia Stock Exchange.]
(a) Under a Trust Agreement between the United Power & Transportation Company and the New York Trust Company
trustee,
dated May 1, 1899 (under which $7,989,339 United Railways
Gold Trust Certificates have been issued by the said trust company as trustee), the United Power & Transportation Company has
deposited with said trust company 19,953 shares Trenton Street
Railway Company, 39,993 shares Wilmington Ar Chester Traction
Company, 14,993 shares Holmesburg Tacony <fe Frankford Electrio
Railway Co., 7,991 shares the United Traction Company of Reading,
Pa., 5.089 shares the Wilmington City Electric Company and 49,989
shares the Wilkes Barre & Wyoming Valley Traction Company.
(6) Under a Trust Agreement between the United Power & Transportation Company and the Real Estate Title Insurance & Trust
Company of Philadelphia, dated May 1, 1899 (under which $998,950 United Railways Gold Trust Certificates have been issued),
the United Power & Transportation Company has deposited with the
said trust company, as trustee, 5,993 shares Delaware entity &
Philadelphia Electric Railvv ay Co. Under the above agreement an ad-

STREET RAILWAYS.

74

dltional amount of $1,166 66 of certificates will be Issued upon deposit with the trustee of the remaining shares of the oapital stock of
the Delaware County & Philadelphia Electric Railway Company.
The principal of both series (which are In $100, $500 and $1,000
pieoes) 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 Transportation Co. For both series, also, the semi-annual interest (J. & J.) and
the principal are payable in gold coin, free of tax, at the office of the
Real Estate Title Insurance & Trust Co. of Philadelphia, trustee.
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 It 04, Jan. 16,
*2-66; in 1905, Jan. 24, $239; In 1906, Jan. 26, $310.
REPORT— For years ending Deo. 31:
From
interest
Balance,
Calendar
Taxes, Dividend
surplus
Investments.
on 4s.
paid.
year.
etc.

$359,522
$12,954
1905
$809,719
$4,563
$432,680
708,512
343,562
894
1904
359,520
4,537
747,023
4.936
201
359,512
382,375
1903
Earnings.— Of all electric light and railway companies controlled.
for year ending Dec. 31, 1905, gross, $4,112,799.
Officers.— President, John A. Rigg; Vloe-Prest., Jos. L. Caven,
Sec. and Treas., Rem) Remont Counsel. R. L. Jones. General offices:
Mariner & Merchant Bldg., Phila.-V. 78, p. 284, 288; V 80, p. 713;
:

V. 82, p. 220,

Organization— Incorporated May 11, 1892. Completed from
Media, Pa., to Baltimore Avenue, Philadelphia, In January, 1895;
connects with the Chestnut <& Walnut Street oars of the Union Traction
system. In May the United Power <fc Transportation Company acquired the road, paying $150 per share for the stock In its 4 per cent
trust certificates secured by a deposit of the stock.

&

BONDS—

Outstanding.
Maturity.
$30o,v)00
See text.
64,000 July 1, 1918
1893
6 J-J
Interest at Glrard Nat Banki Phlla
}
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.
Road— Owns 12 miles of track. Rails 80-lb. T and girder
Earnings— For year ending Dec. 31, 1905. gross, $93,752; net,
$27,844; int., taxes, etc., $6.«42: dividends. S21.000; bal., surplus, $2.
Officers Pres., John A. Rigg; Sec and Treas.. T. W. Grooket Jr.
Date.

Interest.

Stock, $500,000 auth
i.» mnrtM „ *RAnnnJ
1st mortgage.$64,000

.

.

—

HOLMESBURG TACONY & FRANKFORD ELECTRIC RY.—

(2)

A trolley road.

Acquired in 1899 by United Power & Transportation Co. Paid $35
o. trust certificates for each $50 share of the Holmesburg Co.
Organization—Incorporated Sept. 29, 1890. Opened Oct. 6, 1895
Date.
Interest.
Outstand'g.
Maturity
STOCK & BONDS—
Stock (par $50) $800,000
$750,000
See text.
1st mort., $400,000, gold, $ 1895
5g. M-N
400,000 May, 1925
o* ? Int. at Real Est. Title Ins. & Tr. Co., Trus.
$1,000 and $500
Road Total track owned, 16 18 miles; track leased, 1*11 miles.
Earnings—Year ending Deo. 31, 1905, gross, $107,137; net, $27,272;

In 4 p.

—

int.,

-

taxes, rentals, etc, $27,259; surplus; $13.

Officers.— Pres., John A. Rigg; Sec. and Treas.,
(3)

Bonds.—The Conshohoeken Ry. bonds were
was subsequently reduced to 5 per cent.

originally 6s, but interest

Road— Operates 60 miles of track, including lines of above-mentioned
companies, and also Roxborough Chestnut Hill & Norristown.
Earnings— For tisoal year end. Dec 31, '05, gross. $341,321; net, $93,375; ink, taxes, rentals, etc., $101,167; bal., def., $7,792. V. 70, p. 281.
Officers.— Pres., John A. Rigg; Seoy. & Treas., T. W. Grooket Jr.
(b) TRENTON STREET RY— Trolley. The United Power & Transportation Co. owns 19.963 out of the 20,000 shares of stock.
Organization— Formed June 29, 1898, by consolidation of the
Trenton Passenger Ry., Mulberry Street Pass. Ry., Pennington Ave.
Passenger Ry. and Ewing Passenger Ry.
In August, 1 899, the Mercer County Traction Co. was formed, with
a capital of $100,000 andauthorized bonds of $300,000, of which $276,000 are outstanding, to enable the Trenton Street Ry. Co. to build an
extension of 1142 miles into Princeton and in city of Trenton. Stock
and bonds all owned by the latter, and is operated as a part of that
company's system. In June, 1903. acquired entire capital stock of the
Trenton Pennington & Hopewell Street Ry., which it also leases, and
whose bonds it guarantees, p. and i.
Date. Interest. Outstand'g.
Maturity, etc.
Stock
Bonds—
stock, $1,000,000, p. $50
$1,000,000
See earnings
Tr. Pass. First mort
1906 to 1915
$100,000
f
($10,000 due yearly Sept. 30)
$1,000,000, gold
$150,000
1916 to 1925
$1,000 each, c*
Interest at Nat. Mechan
1891 6g. A-O { ($15,000 due yearly Sept. 30)
Bank, Trenton, N. J.
$100,000
1926 to 1930
($20,000 due yearly Sept. 30)
$650,000
Sept. 30, 1931
5g.J-J $1,000,000
July 1, 1938
v 1898
E. Title
'«*
in Trenton and
wnnnmniinnft'-° \ IntPhila.; Gir. Trustat R. Trustee. Ins. & Tr.
' Co.,
Co..
1903 5g.JD
350.000
June 1,1943
Tren. Penn.*- Hope. 1st
Int. at Fidelity Trust Co Newark, Truttee.
M. $350,000 gold gu
Guar. p. and i. by Trenton St. Ry.
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

&

]

I

(1) DELAWARE COUNTY & PHILADELPHIA ELECTRIC RY.A trolley road.

STOCK

Vol. lxxxii.

W. Grooket

T.

Jr.

LEBANON VALLEY STREET RAILWAY.— A trolley road.

Organization.— Incorporated on June 28, 1899, as a consolidation
Lebanon & Annsville Street Railway and the Lebanon & Myerstown 8treet Railway. The United Power & Transportation Co. owns
of the

9,991 shares out of the 10,000 shares of the oapital stock.
Date. Interest. Outstand'g.
Stock
BONDS—

&

^r^SSS^™""^"
lat mort. lo-dus, gold

£

Jul??.
^Woo T Co phlla
&

5g.J-J
Jnt at Real Est Tule In8

Road —Owns 24 miles of track.
EARNINGS—For year to Deo. 31, 1905,

S

Maturity
^

gross, $90,324: net, $33,505;
int, taxes, etc, $27,502; dividends, $5,000; balance. *1,003.
Pres't, John. A. Rigg; Sec and Treas., T. W. Grooket Jr.;
OFFICERS—
Asst. Sec and Treas., Remi Remont.

-

1

,

new

tracks have 90-lb. Johnson girder rails.
Earnings.— Year ending Deo. 31, 1905, gross, $458,513; net, $218,305; Int. and taxes, $152,529: bal., $65,777; dividends paid, *59,910.
OFFICERS— Pres., John A. Rigg; Vice-President, Remi Remont; Sec
and Treas., T. W. Grooket Jr.— V. 68, p. 284, 475; V. 81, d. 1175.
(7) UNITED TRACTION (OF READING)—
In 1899 control acquired by the United Power & Transportation 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 Transportation Co. for every $50 of United Traction Co stock held, with

Power & Transportation stock.
Organization— Incorporated on Dec. 17, 1895, in perpetuity,

right to subscribe for

to con1896, for 900 years, and
Also owns the stock
& Womelsdorf Elec (stock owned) roads.
of the Metropolitan Elect. Co., the Oley Valley Ry. Co., tho Neversink
Mountain Ry., Front & Fifth St. Ry. Co., and Birlsboro St Ry. Co.
On Aug. l, 1901, the United Traction, leased the Reading <fe Southwestern Ry. of 7^ miles, for 999 years, for interest on $100,000 bonds
and 12 per cent on the $130,000 capttal stock. Also leases the Adamstown & Mohnsville Elec. Ry. for 999 years from Jan. 1, 1905, paying
as rental 37 19 p. c. of the gross receipts, but not in exoess of $25,000.
Stock, $75,000. Bonds authorized and issued, $75,000.
Outstand'g. Maturity.
Date.
Int.
Stock
BONDS—
8tock, $400,000 (par, $50)
$400,000 full nd. See text.
lstM.,coll. trust, gold, $150,-) 1896 5g J-J
149,900
Jan.1,1926
000 (par $100 & $1,000) ..0* 5 R. E. Title.Ins. & Trust, Phila., Trustee.
trol

the Reading Traction, leased on Jan.

1,

Reading

&

1901 4i«g. J-J 250,000
July 1,1931
Olev Vflllev Rv 1st, mort
Int Ht Beal E8tate Tltle In8 &
°°$2^0 000
($1,000). .c ^
$250,000, gold (SI 000^* i
f

'

Philadelphia, Trustee.

liabilities, "sundries," July 1, 1905, $1,107,596.
Co.'s office. Bonds subject to call at par after three years.

Current

Road— Operates 80 miles of track (Read. Trac, 4Ha miles, Reading
15 miles) in and between Reading; Womelsdorf,
Black Bear and Stony Creek; Read. <fe Southwestern. 713 miles.
Earnings—Year end. Dec. 31, 1905, gross, $716,257; net, $239,411;
int., taxes, rentals, &c, $218,687; divs., $20,000; surplus, $724.

& Womelsdorf Elec,

OFFICERS— President, John A. Rigg; Vice-Pres.,
(4) ROXBOROUGH CHESTNUT HILL & NORRISTOWN RY.& Treas., T. W. Grooket, Jr—V. 76, p. 1086, 1302.
A trolley road.

^M*A Power & Trans.

Co. owns 4,938 outof the 4,968 shares of
In Jan., 1902. was leased for 950 years to the Schuyla rental of $4-50 per share, payable semi-annually.
Organization Incorporated Dec 24,1895. In 1898 leased the WisC
Electrics i^ miles, for 999 years; rental to be 2 p. e. on the
|»5L o^
$145,800 stock for e first two years, 3 p. o. for the next six years, 4
p. o. for the next oven years and 5 p. o. for the rest of the
term. Also owns $250)00 stock of the Trappe & Limerick Electrio
Street Ry. Comprises 22 miles of track.
In June, 1896, tiled a
K?.^*?? 6 ,' * S450 000 tefche Real Estate Title Insurance & Trust Co.,
elP
5
f ino 6, lH8uesecuring top r cent gold bonds ($1,000), J&D, die June
T
reduced
*• £ J
$«6,000, of which $371,000 was outstanding
,
e
90G aDd $25.000 held in Treasury. Capital stock Issued,
£,F ^AJ- par, $50.
o
$248,400;
"Sundry-labilities" June 30, 1905, $249,000.
Earnings are included in theSchuvlkill Valley Traction Co. President, J. A. Rigg; Sec and Tree, T. W. Grooket Jr.— V. 62, p. 1042.
*v.

wn ^PJtaJj^k.
Tract,

Kiii val.

^

Interest at

Remi Remont; Sec

Controlled by United Traction Co.
(a)

READING TRACTION—A trolley road.

County Pass. Ry., the Citizens' Pass. Ry. the Collegeville Electrio St.
Ky. and the Norrlstown Pass. Ry. The iorporate existences of the
several companies are to be maintained, bit their bonds will be taken

Organization— Chartered March 9, 1893, to operate the Reading
City Pass. Railway and East Reading Passenger Railway, which it
•quipped with electricity and leased for 99 years, the former from
April 1, 1893, and the latter from May 1, 1893. Road leased in December, 1895, to the United Traction at a rental of $10,000 annually for
first three years, $20,000 for next two and $30,000 thereafter.
Bonds— Par. Date. Interest. Outstand'g. Maturity.
STOCK
Stock. $1,000,000 au. $50
J-J
$1,000,000
See text.
1st M., $600,000, g.,gu <
1893 6g. J - J
445,000 Jan. 1, 1933
call c* } Provident Life <fe Trust Co., Phila., Trustee.
Not subject to
Due lessee oumpany June 30, 1905, $200,460.
Interest is payable in Philadelphia at Bank of North America and in
Reading at the office of the company and Colonial Trust Co.
Bonds— Of the Reading Traction first mortgage bonds for $600,000;
$1 12,000 are reserved to retire Reading City Passenger bonds w hen due.
Dividends- In 1900, 2 p. c; in 1901, 2 ** p. c; in 1902. 3 p. c; in 1903.
3 p. c; in 1904, 3 p. c; In 1905. 3 p. c; in 1906, Jan., 112 p. 0.
leased lines secuk's. Par. Date. Interest. Outstand'g. Last div., etc.
Reading City Pass. Ry.
See text.
Stock (see below)
$50
J-J $350,000
IstM
1889
5 A-O
115,000
Apr., 1909

In J an. 1902, leased for 950 years the Rixborough Chestnut Hill
& Nomstown Ry.; also the Trappe <fc Limerioi Electric Ry. The latter
company has $250,000 stock and $250,000 boids
e
lted po w r
a.«£«
? % Transportation Co. has acquired $499,500 of the
$500,000 capital stock and the entire $100,00C income bonds.
STi0CJS ^J?R^J? s^;^
Date Merest. Outstanding.
Maturity.
a*
Stock, $1,000,000 ($50)
$,00,000
$ 40 °. 00 °. 8°ld I 1895 5 g. F-A
21.5,000
Nov., 1945

East Reading Elect. Ry.
50
See text.
Stock, full paid
J-J 100.000
1897
Bonds, $25.000
5 p. c
25,000 July 1, 1937
pie Elec.Ry.
Read. & Tern
8ee text.
7 A-O
73,700
Stock, $75,000, guar
1894
5 A-O
73,700 Oot. 1, 1924
1st mtg., $75,000
Dividends on Leased Line Stocks—The Reading City Passenger stock
to receive dividends. 1896 to 1899 inclusive, 10 per cent 1900 and
thereafter, 12 per cent. East Reading stook receives dividends 1896,

t>

-

•

'

(5)

SCHUYLKILL VALLEY

Ti ACTION.— Trolley.

Organization—Incorporated in September, 1893, as successor to the
1 t0W11 Bnd
8 ePort
?o££ ! controlled and & Conshohockei Traction Co. Since Jan. 15,
iHy&, has
operated theConhohockenRy.,theMontgomery

up as rapidly

™2

as possible.

,

,

-

^i™^
($1,000).

o

mort -' $!00,000,

^I™
($500)..
6

i

Int. at West

1899

End TrustO.,

Phil., trustee.

5 ann.

)
100000 Aug. 1, 1949
5 West End Trust Co., Phila.. trustee.
"Sundry liabilities" June 30, 1905, $414,630
Of the $500,000 1st mortgage dated 1895, $105,000 has been
retired and destroyed, $75,000 has been reserved to take up like
amount of the Nomstown Passenger Ry. bonds and $30,000 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-:
Oompany, <kc—
Miles. Interest.
Maturity.
Issued.
.

Citizens' Pass. Ry. stock..
1st mort., gold, $80,000,)

guaranteed..

Conshohoeken Ry. stock.

1st mortgage, guarau'd)
principal and interest.. J
Mont g. Co. Pass. Ry. stk.
1st mortgage, gold
Norristown Pass. Ry. stk.

lstmortgage

6*4

5

$

5*3

5^
1^
\^
414
414

$79,520f.p. 2*2 ln'04-05
80,000 f Feb. 1, 1925
Subject to call at 105 Feb. 1, 1905
g.

...
5 g.

F-A

145 900

j-J

10o',000

i

\

Julyi! 1924

Subject to call at 105'July 1. 1904
150,000
;......!
6
J-J
15,000
1924
75,000 5-S2 in '04-05
6
J-J
1923
75,000

&

,

;

:

$6,500; 1897 to 1900 inclusive, $7,000; thereafter, $8,000. Reading
<6rTemple Electric pays 7 p. 0. annually in dividends, A. & O.
Road— Owned and leased 41 *$ miles of track. V. 64, p. 177.

(b)

READING & WOMELSDORF ELECTRIC RAILWAY.

Organization, Etc— Owns 15 miles of track. Controlled through
ownership of stock by the United Traction Co., which operates the road.

Stock

&

BONDS—

Stock
mortgage,
1st

Date.

Interest.

Outstand'g.

Maturity.

$500,000
386,000 Jan.

$400,000, < 1895 5 g. J-J
gold, 0* ($100, etc.)..
t Real Est. Title Ins.
Interest at Colonial Trust Co. of Reading, Pa.

& Tr.,

1,

1925

Phila., trustee.

(8) WILKESBARRE & WYOMING VALLEY TRACTION.—The
United Power * Trans, owns 49,989 out of the 50.000 shares of stook.
Organization— Incorporated Feb. 9, 1891- controls all the street
railway lines in the Wyoming Valley, Pa., extending f rom 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 $250,000 to purchase stock of the Wilkesbarre
Dallas & Harvey's Lake Ry. Co. and lor other purposes. These bonds

—

:

—

;
,

STREET RAILWAYS.

Feb.. L906.1

On July 1, 1904. leased the Plymouth &
are held by Inter-State Rys.
Larksvllle Street Ry. for 999 years at 6 p. o. on stook and Interest on
$75,000 5 p. o. bonds.
Maturity.
Date. Interest. Ouisiand'g.
BONDSSTOCK
See text.
Text.
$5,000,000
Stock (par $100)
1,500,000 Apr. 1,1921
1st M. $1,500,000, gold < 1891 5g. A-O
o* I Interest at Provident Life & Trust, Phila.
($1,000)
Jan. 1, 1925
312,000
Oollat. Tr. A Mortgage 5 1895 5g. J-J
tint, at Anthracite Sav. Bk., tr., Wllkesbarre.
$325,000, gold
Dec. 15,1922
250,000
Coll. Tr & mort., golds 1902 5g. J-D
($1,000), $250,000. .o* unt. at Real Est. Title, lne.&Tr. Co., Phila., Tr.

&

Underlying Bonds on Roads Purchased—
5 p. o.
Coalville Pass. Ry. mtg
4 p. o.
Wilkesb. & Surb. bonds
5 p. o.
Wilkesb. & W. Side bds
Guaranteed bonds—

12,000
40,000
35,000

JTrao^Co
July

1,

7

1918

Sept. 1,1918

Dec. 1, 1918
200,000
6g. J-D
Real Estate L. &Tr. Co., Phila., Trus.
Oct. 1,1924
140,000
FlymouthBr. Oo.lstgold < 1894 5g.A-0
Sav. Bk., trustee,
M $140,000, guar.p.&i. ( Int. at Anthraciteyearly thereafter. Wilkesb.
$10,000 sub), to call in 1904 and $3,000
Aug. 1,1918
90,000
5 F-A
Wllkesbarre & Kingston
150,000 See (IT) below
5s
Wilkesb're&E. SideRy
Bonds— Interest on the Wllkesbarre & Kingston bonds reduced to
5 p. o. In Aug., 1903, and bonds extended to Aug. 1, 1918. Int. on the
Wllkesbarre & Suburban bonds reduced in 1903 to 4 p o. aud bonds
extended to July 1, 1918. The WUk. & Wyo Valley coll. tr. bonds of
1902 are subject to call after 10 years at 105 and acorued interest.
Dividends— In 1896, Jan., 1 per cent; July, 1 per oent.; In 1897,
Pitt.8t.CarlstM.($1000)

)

1893

g.c*.p.<fei.uncondit'ygu.

s

Int. at

Jan., 1 p. c; in 1898, Jan., 1 p. c; in 1899, Jan., 1 p.

c.

In 1899-00,

3%; in 1900-01, 3%; in 1901-02, 4^%; in 1902-03, 3 p. c; in 1903-04.
3 p. o.; in ISO! 5,3 p. c.
Road— Comprises 71 miles of track. See Chronicle of Feb. 22, 1896,
page 361.
Companies Controlled in System—The following table shows the
several companies operated, their mileage, capital stock, and the
amount of it owned by the Traction Company, their debt, and Anally
the rental payable under 999-year leases; 6 per cent here meaning 6
per cent on the outstanding capital stock; and $1 meaning a nominal
rental, the company having only a nominal existence.
.

Stock.
Issued.
Owned.

,

75

Earnings— Year ending Deo. 3t, 1905, gross, $309,280, net, $ 7 2,502; interest, taxes, rentals, etc, $72,499; balance, surplus, $2.
V. 71, p. 1312.
(11)

PHILADELPHIA & CHESTER RY.— A trolley road.
& Chester

$349,600 of the $350,000 stook of the Philadelphia
owned by the United Power & Transportation Co.

STOCK

&

BONDS—

Date.

Interest.

Ry. Is

Maturity.

Outstand'g.

$350,000
Stock, $350,000 ($50)
5 g. M-N
350,000 Nov. 1, 1930
1st mtge.. $350,000 ($500 < 1900
gold
c* (Int. at Finance Co. of Penn., Phila., Trus.
<fe $1,000),

Bonds cannot be called.
EARNINGS— For year ending Deo. 31,1905, were: Gross, $25,489;
net, $532; interest and taxes, $18,803; balance, deficit, $18,271.
Road. —Owns and operates 8'83 miles of track from Philadelphia t»
Chester and from Essington to Moore's Station.
OFFICERS.— President, J. A. Rigg; Sec. and Treas., T. W. Grooket Jr.
(12) SOUTHWESTERN STREET RY.-A trolley road.
Organization— Chartered Sept. 3, 1897.

STOCK

&

BONDS—

Date. Interest. Outstanding.

3tock, $400,000 ($50)
1st M., $400,000 (cannot be

5
\

1899

5,

Maturity.

$100,000
4 g.F-A 400,000

1929

Int at West EndTr. Co., Phila., trustee.
8uncry liabilities June 30, 1905, $183,545.
Stock and Bonds.— $260,000 bonds and all the stock are owned by the
United Power & Transportat'n Co. Interest on the remaining $140,000
was reduced to 4 p. c, in consideration of their guarantee, p. & i., by
the Chester Traction Co.
Earnings— For year ending Dec 31, 1905. were: Gross, $59,631; def^
*1,409; interest, taxes, etc, $20,173; bal., deficit. $21,583.
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 R\<?a: Treasurer, T. W. Grooket Jr.
called), gold ($1,0'

—

PHOENIX V1JLL.E,

PHOENIX GAS & ELECTRIC
and

PA.
CO.-Gas,

electric

trolley.

12,000
42,000
Pittst. Moosio & P. V. St. Ry. 195
882 200,000
Pittston Street Car
12,000
$1
Plymouth Street Railway... 600
30,000
$1
W. Pittston <fe Wyo. St. Car.. 2-25
Wilkesbarre* East Sidetf... 500 150,000 150,000*150,000
90,000 6 p.o.
99,700
Wilkesb. & Kingst Pass. Ry. 660 100,000
93,500 *40,000 6 p.o.
Wilkesb. & Suburb. St. Ry.. 1000 100,000
92,450 *35,000 6p.c.
Wilkesbarre & West Side.... 963 100,000
75,000
75,000 140.000
Plym outh Bridge Co
H Entire stook and bonds deposited under collateral trust of 1895.
*Entire amounts owned by the W. & W. Valley Trac, with the exception of the WQkes. & West Side, of which only $23,000 is owned.
Earnings.— For year ending Dec. 31, 1905: Gross, $867,751; net,
$318,533; interest, rentals and taxes, $171,132; dividends, $150,000
surplus, $13.-V. 66, p. 285; V. 68, p. 830, 1134; V. 69, p. 29.

OhGanization .—Incorporated in New Jersey Sept. 21, 1901, for the
purpose of acqui ing and operating all of the gas, eleotrio and street
railway properti' s of Phcenixville, Royersford and Spring City, Pa.
Has acquired the entire stook of the Schuylkill Galley Illuminating
Co., Consolidated Schuylkill Gas Co. and Montgomery & Chester
Eleotrio Ry. Co. The capital stocks of these companies, together with
Che entire issue ot bonds ($100,000) of M. & C. Elec Ry. and part of
the bonds of the o her two companies have been deposited with the
trustee as collateral for the new mortgage. V. 74, p. 271.
Date. Interest. Outstanding.
Maturity.
Bonds—
STOCK
8tock, $1.000,000
$800,000
Phoenix Gas & E., Col. ) 1901 5 g. A-O
831,500
Oct. 1, 1951
Tr., $1,000,000 ($500 > Int. at Real Estate Trust Co., Philadelphia,
& $1,000), s. f., gold o* ) Trustee. Can be called at any time at 110.
Sohuy Ik. Val. m. mort., > 1893 6 g. J-J
60,000
July 1, 1923
$60,000, gold ($500)o* s Int at Tr. Co. of No. Amer., Phila., Trustee.
Consol. Schuylkill Gas ( 1899 5 g. A-O
150,000
Oct. 1, 1929
mort., $200,000 ($500 < Interest at Real Estate Trust Co., Pliladel-

(9) WILKESBARRE DALLAS & HARVEY'S LAKE RY.— The
Wllkesbarre & Wyom'g Val. Tr. Co. owns 3,875 out of the 4,000 shares.
Organization— A. reorganization in 1898, per plan in V. 66, p. 1190
of the Wilkesbarre & Northern RR.,sold by sheriff in Sept., '93. 3oad,
partly constructed, was completed and electrically equipped by new
company from Luzerne, Pa., there connecting with Wilkesbarre &
Wyoming Valley Traction, to Harvey's Lake, Pa., 18 01 miles.

and $1,000)
delphia, Trustee.
o* (
Bonds.— Of the new Phoenix Gas A Eleotrio bonds, $168,500 are
reserved for future extensions and improvements. A sinking fund of
1 per oent 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^ miles of track between Phoenix ville and Spring City.
O c FICER8.— Pres., I. J. Brower, Phoenixville; Sec. and Treas.. F. H.

Name of Company.

Miles.

Coalville Passenger Railway
Nanticoke 8treet Railway..

STOCK

&

BONDS—

567 $62,400 $33,700
9-68

Date.

Interest.
3 p. C.

Debt. Rental.
6 p.o.

*$12,000
None.
12,000
None.
42,000
200,000 200,000
None.
12,000
None.
30,000

Outstanding.

$200,000
150.000

$1
$1

& Trans. Co. owns 39,993

out of 40,000 shares of stook.
Organization.— Incorporated March, 1898. Controls all the street
Del., and Chester, Pa., comprising with
railway lines of Wilmington,
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
Union Traction Company's line to Philadelphia. In 1898, acquired
all the stock of the Wilmington City Ry. ($519,930) and of the Chester
Traction Co ($500,000), both of which are deposited under the collateral trust mortgage of the Wilmington & Chester Traction Co. Also
owns $50,000 stook of the Chester & Delaware St. Ry. The Chester
Traction Co. holds all the stock of the Union Railway Co $100,000; Chester & Media stock. $35,000; Chester Darby & Philadephia
Stock, $65,000; total, $200,000.
,

&

Date. Interest. Outstand'g.
BONDS—
STOCK
Stock, $2,000,000; $50,f.p.Listed on Phil. Ex. $2,000,000

Maturity.
1905, 5%

2,305.000 Apr. 1, 1918
$4,000,000) 1898 5g. A-O
($500 and $1,000 ea.).o* $ Provident Life & Trust Co., Phila., trustee.
Securities of sdbsidiary lines (not owned)—
Wil.CitylstM.,$600,000, > 1891 4 g. M-8
600,000 8ept. 1, 1911
gold, $500 eaoh
o $ Int. at Equit. Guar. Tr. Co., Wilmington, Del.
Chester Trao. 1st M., gold
250,000 May 1, 1914
($250,000)
o* 1894 5 g. M-N
Leased to Chest. Tract.
Union Ry. Co. 1st M., gold
1893
($500 & $l,000)o
5g. J-J
200,000 Jan. 1, 1913
Chester St. Ry. stock ($50)
10
150,000 rental lOp.o.
J-J
Ches.A Media El. Ry.gold) 1893 5 g. J-J
100,000 July 1, 1913
Ches. Darby & Phila. gold. 1893
5 g. J-J
125,000 July 1, 1913
Interest on Chester Traction, Union Ry., Chester Street Ry., etc,
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 stock. 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.c. and right to call canceled.
Earnings— For year to Dec 31, 1P05. Income from securities owned,
$275,7*1; int.. taxes, etc, $175,779; dividends. $100,000; eurp., $2.
Coll. tr., gold,

—

OFFICERS— Pres., John A. Rigg; Sec and Treas.. T. W. Grooket Jr.;
Sec and Treas., Remi Remont— V. 68, p. 620, 929.

Asst.

(«)

CHESTER TRACTION—A trolley road.

CONSOLIDATION— In 1898

and also
Chester Trac

entire stock of Chester Traoti on

the Wilminuton City Ry. (Delaware) acquired by Wilm. &
Chester Traction Co. holds all the stock of Union Ry. Co., ($100,000)
Chester & Media stock, $35,000, Chester Darby & Phila. stock, $65,000.
All interest payable at Delaware County Trust Co., Chester, Pa. Interest upon all subsidiary securities guaranteed by Traction Co.
Date.
Interest.
Outstanding. LastDiv.dc
STOCK
BONDS
Stock ($500,000); par, $50
In 1903, 4%
$500,000
1st M., gold. ($250,000) S 1894
5 g M-N
May 1, 1914
250,000
c*<Int.atDel.Co.T.S.O.&T.Ins.Co ,Chester,Trus.
($1,000)
Accounts payable June 30, 1905. $460,679.
Road— Company operates 33 miles of track

&

8hel<»n, 1004 Pennsylvania BldK. Philadelphia, Pa.- V.74, p. 271.

1904,3%

WILMINGTON & CHESTER TRACTION—

United Pow.

&

Maturity.

Stock, $200,000 ($50)
Sept. 15, 1928
1st mortgage, $150,000, ) 1898 5 g. M-S
gold, $500
o* > Int. at Anthraoite Sav.Bk.,Wilkesbarre, Trus.
Earnings— For year to Dec. 31, 1905: Gross, $61,589, net, $8,9641
int., taxes, etc, $8,975; def., $11.— V.69, p. 133.

(10)

i

PITTSBURG, KANSAS.

PITTSBURG RAILWAY & LIGHT

CO.

Kansas on .Tuiie 15. 1905, as a consolidation of the Pittsburg Railroad and the Pittsburg Light <fe

Organization— Incorporated

in

Power Co.
STOCK & BONDS—

Date.
Interest.
Outstanding.
Maturity.
$600,000
Stock $600,000 ($100)
200,000 April 1, 1930
1st mortgage. $600,000, \ 1905 5 g. A-O
c&r' I Int. at Lincoln Trust Co., N. Y., trustee.
gold ($1,000)
5 J-J
125,000
Jan. 1, 1920
1st M. Pitt. RR. $125,000 \ 1900
($1,000), coupon
I Int. at Merchants' Trust Co., Phila., trustee.
Bonds.— Ot the $200,000 new bonds reported outstanding, $125,000
are reserved for prior liens: $400,000 are reserved for future extensions. No slnktng fund, and bonds are not subject to call.
EARNINGS- For 4 months ending Oct. 31, 1905, gross, $26,561; net,
$10,347; interest, $2,500; surplus, $7,847.
ROAD— Operates 14 miles of traok, running from Pittsburg to Last
Chance and Frontenac on the north, and to South Broadway. Fairview, Kirkwood, Cambria ana Chicopee on the south. Standard gauge.
40 and tO lb. girder and T rail. An extension to Weir City, 6>s miles,
is

under construction.

OFFICERS— Pres. and Gen. Mgr., Fred. H. Fitch;
H. P. Fitch; Supt., H.

P.

Morrison

V

81.

Sec.

and Treas.,

p 1793.

PITTSBURGH, PA2
PHILADELPHIA COMPANY.-Was

(natural

and

manufactured), electric company, trolley.
In Feb., 1906, the United Rys. Investment Co of San Francisco
proposed to acquire control through purchase of $16,000,000 of the
$30,000,000 com. sto.-k, paying for the stook acquired partly in its
own stock and partly in a newissue of coll. trust bonds. See statement
of United Rys. Investment Co. under San Franolsoo and also V. 82,
p.

393.

Organization.— Organized on May
natural gas company. Operates under

24, 1884, and was originally a
special Act of the Legislature
of Pennsylvania (conferring many valuable rights and privileges)
franted to its predecessor, the Empire ('ompany, in March, 1871. Itsuslness may be classed under three main heads, (1) Street Railways,
(2) Electric Lighting and Illuminating Gas 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 Railway©
Co., 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 Compant
East McKeesport Street Railway Company,
Mt. Washington Street Railway,
Beaver Valley Traction Company,
Pittsburgh & oastle Shannon RR.,
Washington & Canonsburo Railway.
In Feb., 1902, acquired the elevated railroad franchises whicb
were granted to Messrs. Bigelow, Oliver, Quay and others. V. 74, p. 478.

—

,

STREET RAILWAYS.

7<>

& Illuminating Gas.— Philadelphia Comor controls by lease the fallowing companies, forming
the lighting department of its business:
(2.)

pany

Electric Lighting

also

owus

Allegheny County Light Compant,
monongahela light & power company,
Southern Heat. Light & Power company.
Consolidated Gas Company,
South Side Gas Company,
Allegheny Illuminating Company.
Braddock Gas & Light Company,
Ohio Valley Electric Co. of Bellevue.
The first three are the only public organizations furnishing electric
current for 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 Allegheny, and the exclusive right to manufacture illuminating gas in
those cities is said to be vested in them.
'3.) Ft'Ei. Gas. -Philadelphia Company, through its own lines and
those of a number of companies controlled by it, supplies nearly all
the fuel gas consumed inthecitiesof Pittsburgh and Allegheny and the
manufacturing towns lying along the Monongahela and Allegheny
Company controls by lease 321,303 acres of gas and oil lands
rivers.
in West Virginia and Pennsylvania. The principal fuel gas companies
controlled are:

Philadelphia Compant,
Chaktiers Valley' Gas Company,
Equitable Gas Company,
Pennsylvania Natural Gas Company,
Union OJas Company of McKeesport,
Allegheny Heating company.
Fairmount & Grafton Gas Co.
See official statem- nt in Chronicle of July 12, 1902, (V. 75, p 83,)
for further details regarding the character and nature of the com
pany'e business.

•schedule of capital--st:h"k: sharks" of other corporations

owned and

posse8sed.
Shares.

Total Issue

United Traction Co. of Pittsburgh.... 339.999 Common out of 340,000
Consolidated Gas Co. of the City of
Pittsburgh (owns stock of Allegheny
"
"
x80,C00
Illuminating Co.)
80.000
"
"
Chartiers Valley Gas Co
x29,850
30,000
"
'•
Pennsylvania Natural Gas Co
19,822
20,000
"
"
Equitable Gas Co. of Pittsburgh
13,774
14,000
"
Equitable Gas Co. of Pittsburgh
4,90 * Preferred
6,000
"
South Side Gas Co
13,829 Common
20,000
"
The Allegheny Co. Light Co
xl5,000 Common
15,000
"
"
Alleeheny Heating Co
x2.664
5,0<
"
Consolidated Traction
y232,760 Preferred
240,000
"
Consolidated Traction
y284, 249 Common
300,000
Union Gas Co. of McKeesport
" being all t he stock
1 6,0<
Mt. Washington St. Rv
15,000
"
••
Allegheny Bellevue APeirysvilleRy. 10,000
Pittsburgh Railways Co
"
50,000 Preferred
Pittsburgh Railways Co
"
5",000 Common
«
••
Pittsburgh & Char. St. Ry. Co
£0 000
"
Southern Heat, Lt. <& Power Co
"
6,000
"
East McKeesport St. Rv. Co
"
5,000
"
"
Braddock Gas & Lt. Co
5,000
Seventeenth St. Incline Plane Co
5,000
"
"
Suburban Gas Co
2,00o
"
"
Low Pressure Gas Co
1.000
"
"
-American Transfer Co
1,000
"
"
Consumers' Heating Co
1000
"
"
Mansfield <fe Chartiers Gas Co
500
,l
•'
Morningside Electric Street Co
480
"
Duquesne Natural Gas C
"
200
Fuel Gas Co. of the County of Alle"
"
gheny
200
"
Mifflin Natural Gas Co.
"
200
"
"
Tarentum Light & Heat Co
100
"
Carpenter Natural Gas Co
"
..
100
"
Penn FaelCo
100
"
"
Acme Gas Co
100

[Vol. lxxxii.

*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 is 5 p, 0. non cumulative preferred. The increase was made to acquire the stock of the Allegheny Co. Light Co., Chartiers Valley Gas Co. and the com. stock of the
Consolidated Gas Co.: also by exchange the United Traction stock. On
Dec 4, 1901, stockholders authorized an increase to $36,000,000
through the issue of $15,000,000 additional common stock. The increase was maiuly for the purple of acquiring the shares of the Con
solidated Traolioh Co. and the Southern Traction Co.- V. 73, p. 1112.
Bonds— Of the $6,500,000 bonds of 1899 (mortgage trustee,
Maryland Trust Co.) $1,000,000 was issued at once in part payment
for the stock 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,
but *)2,000 of those bonds have been acquired. The balance,
$1,500,000, was expended for improvements anr\ additions
The
bonds were in Oct., 1899, listed on the Philadelphia Stock Exchange,
and are also listed on the Pittsburg Stock Exchange. The Philadelphia
Company stock has been listed on the New York S'oek Exchange
since October, 1886, and is also listed on the Phila. Exchange. See
application to the N. Y. Stock 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 col. tr. bonds,
$12,000,000 were to acquire the pref. stock of the Consolidated
Traction Co. and $3,500,000 are for improvements, betterments, extensions, <fec. out of which there has been issued for betterments to
property of this company $1,595,000; Un. Trac Co., of Pitts.. $150,000;
Cons. Trac. Co., $i50.000. Pittsburgh Railways Co., $875,000, and Allegheny County Unlit C i., $100,000.
Notes— The $1,500,0 '0 notes are dated Apr.l, 1905. and are secured
by deposit with the Guarantee Tr. <fe 8. D. Co., Phila., of 201,000 shares
of Un. Tra-. Co. com. stock: $300,000 matures Apr.l, 1P06, and $150,000 semi-annually thereafter, to and including Apr. 1, 1910. Notes
maturing subsequent to 1907 are redeemable at par and int.
Linear Tax Decision.—For decision of Supreme Court of Pennsylvania declaring the linear tax ordinance invalid see V. 80. t» 1729.
Report— Report for year ending Mar. 31, 1905, was in V. 80, p. 1853

1859

1904 05.

1903-04.

$

$

$

Total receipts
4 496,373
Operating exp & taxes. 1,938. 180
Improvements, etc
872.475

4.535 891
2.067,006
612,313

3,930,318
1,758,172
572,227

Total expenses
Net earnings

2,810,655
1,685,718
Div. on stocks owned. ...1,484,281
Rents & miscellaneous... 258,216

2.679.319
1.856,572
1,407,440

2,330,399 1928,188
1,599,919 1,375,006
1,424,198
773,448
123,486
70,315

3,428,215

3,477,618

3,147,603

2,218,769

91,401
992,858

131,853
921,481

118,622
863,283

316,315
454,729

1,084.259
.2,313,956
1,415
Premium on bonds sold...
Discount on bonds sold
Profit on realty sold
Deferred div. on Consol.
Tract, stock received

1,053,334
2,424,2*4

981,905
2,165,698
105,625

1,447,725

2345,371

2.356,784
1,737,139
287,238

2,971,507
1.702 931

287 251

8*6.023
250 680

332 407
a 3. 0,569

981,325
47 220

311.022
58 331

ReceiptsFrom gas

$
4,300 ^42 4,377,399 3.769,163 3,188,121
...
196,331
158,492
161,155
115 073

From oU

Total

Braddock Fuel Co

The Philadelphia

Co. of

"

"

"
"

21,500

"

"

West Va

Ry. Co. (no bonds out)
Beaver Valley Traction Co

Tustin

"
"

70
70
xlO
24

Acme Fuel Co
St.

"
*'

"
Washington tv Canousburg Ry
"
15,100
2O,000
"
Fairmount & Graf ton Gas Co
"
2,995
3,000
All of the above shares marked thus, x, are in the hands of the
Maryland Trust Company, trustee under the first mortgage and collateral trust dated March 1, 1899. Those marked y (with the ex< eption
of 37,015 shares Consol Tract, common held in treasury if Phila.
Co.) are held as security for the collateral trust bonds of 1901, and these
latter bonds are also a second lien on the shares marked x.
* According to balance sheet ot March 31, 1905, the value of
stocks
of other companies

owned at that time was $41,413,326.
SECURITIES OUTSTANDING

Rentals of leased lines ...
Intereston funded deb'..

Balance

Stock

&

Bonds—

.,

Date.

Rate.
.-,

Q

T

M „
M_&

Outstanding. Lastdiv.,etc
^ ori nnr nr n „ , ,„_ lifl
$30,000,000 Feb.,'06, ,
.

.

»„„„„„„

_„

,

,_..

~,

6,000,000 Sept., '05, 2\
Phil. Co. 1st & Col. Tr. M.,> 1899
5 g M-S
5,512,000 Mar.l, 1949
$6,500,000 g. ($1,000) c / 5 Maryland Trust Co., Baltimore, Trustee.
Phil. Co con. M. & col. tr. ) 1901
5 gM-N 14 90-«,000 Nov. 1, 1951
$22,000,000 g. ($l 000) I Continental Trust C->., Bait Trustee.
Notes, $1,500,000 ($l,000)c 19i>5
5 A-O
1,^00,000
Seettxt.
Nctes, $800,000
1905
5 A o
800,000 Oct. 1. 1906
AUega'y County Lt.lstM. 1891
6 F-A
500,000
1911
East End Eleo. L't 1st M. 1895
6 F-A
500,000
1915
Consol. Gas com. stock, \
nnn ~ nn
4,000,000
$4,000,000, par $50... >
Consol. Gas pref stock, >
,-_ _, „,
CP ,
„ „„. „A . _,
6 F_A
2,000.000 Feb.*06, 2V/o
$2,500,000, par $50.. J
Consol. Gas, 1st inort., ) 1898
5 g. F-A
5,000,000 Feb. 1, 1948
gold
Maryland Trust Co., Baltimore, trustee.
o*Ar I
Braddock Gas A- L. 1st M. ) 1888
6 M-N
40,000 May 1, 1908
$40,000 ($500 $1,000) > Interest at Farmers' Loan & Trust Co.,
sinking fund
N. Y., Trustee.
)
East McKeesport St. Ry.) 1899
5 g. J-D
250,000 Deo. 1, 1929
1st mortg'e, $250,000 > Interest at Fidelity Tide & Trust Co., Pitts($1,000) gold
burgh, Trustee.
)
Southern Heat, Light &) 1899
5 g. J-D
252,000 Dec. 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 June 1,1943
Power Co. 1st mort'ge > Int. at Mellon National Bank, Pittsburgh
$1,700,000
The Union Trust Co., Pittsburgh, Trustee.
)
Ohio Valley Electric Co. > 1*97
6 A-O
50,000 April 1, 1917
1st mortgage, $50,000. $ Int. at Mercantile Trust Co., Pitts., Trustee.
Union Gas Co.. McKeesp. ( 1899
5 g.
340,000
Oct. 1. 19z9
1st mort., $340,000 g., 1
Union Trust Co., Pit.sburgh, Trustee.
s. f
Int. at Mellon National Bank, Pittsburgh.
(
,

.

.

67,500
2,000

..a

698 184

Div. on common stock . 1,737,14 7
Div. on preferred stock.. 287,237

320,987

Balance
Charged on

771,044

1,447.725

320,9*7 def.28,162
934 105
8urplusfor year
252 691
a Value of capital stock of elev. and surface railway cos. charged off.
Earnings of the companies controlled by the Philadelphia Company
(na'nely. the Consolidated Gas Co of Pittsburgh, Allegheny County
Light Co., Equitable Gas Co., Braddock ^ as & Light Co. and Pittsburgh
Rys. Co.) for the fiscal years ending Mar. 31, 1905, 1904 and 1903.
1904-5
1903-04
1902-03
Groes earnings
$10,969,575 $11,153,952 $10,555,537
Operating expenses and taxes
6,448,120
6,505,632
5,956,429

—

$4,521,4'i5

Net earnings
Other income
Total income
Fixed ohges and other deduct'ns

Net income
Dividends on

$4,648,320
208,015

$4,599,108
177,302

$4,689,647 *4,856 335
t4,506,950 14.326,562

$4,776,410
t3,977,171

168,192

.

$182,697
$529,773
$799,239
$178,927
$110,890
$107,925
*$110,661
*$104,724
Phila Co.'s propor. of above div.. *$178,774
* Included in "dividends on stocks owned" in the statement above,
IuolU'teis dividends on preferred stO' k
Latest Eakninqs— For 12 monbs ending Deo. 31 for Philadelphia

common

stock

.

*

Stock, common, $30,000,-"?
000; par, $50. -X-- ....... S
Pref. stk.,5p.c.,non-cum.,>
$6,000,000; par, $50.... J

213,606

3,303 194
1.357,559
570.629

Deduct—

.

>

1901-02.

1902-03.

,

t

Co.

and

Cat.

year—

affiliated corporations:

Net

Gross
loos
19 4

earning*,
$IH.26S.725
15,279,'.'4tJ

ear

w<m

$-',lh6 04-<
>', 119,4(55

Other
!"<

1

All
haroes.

J3tV0»4 |4¥60,>tfl

Prtf
dtridrnd.

Kn4',i

Bnl. for

com

sf*.

|l*.283,478
2,0^0. H17

35 ,635
4,1' 3,4 I
Zt-l.Z.ii
'98. '99 1900. '01. '02. '03. '04, '05

1894. '95, '96. '97
5
5
None.
4 4%
5
5% 6
6
6
6
The foregoing dividends are for the common stook. The pref. was
and first semi-annual payment of 2^ p. o. was made
created in 1S99,
in Sept., 1899, and have been regularly continued since then.
OFFICERS, Etc.— J. H. Reed, President; James D. Callery, VicePresident (also President of the Pittsburgh Railways Company); J. F.
Guffey, General Manager; C. J. Braun Jr., Treasurer; W. B. Carson,
Secretary; C. S. Mitchell, Auditor. Directors: Messrs. Reed, Callery,
McCague, Earle, Rhodes, Reilly, Frazier, Bowdoin and Calhoun.
Office, 43 =>8ixth Ave Pittsburgh, Pa —V. 80. p. 223 652, 1729. 18:3,
1859, 1913; V. 8 p. SOS, 559, 778, 1437, 1493, 1611, 1666, 1724; V.
82, p. 101, 281,393.

Dividends.
Per Cent.

)

S

,

,

(1)

PITTSBURGH RAILWAYS CO—A trolley road.

This was formerly the Southern TraotionCo., but in accordance with
the authority vested in it by the terms of its charter, the directors of
the Southern Traction Co. on Deo. 30, 1901, voted to change the name
of the company to the Pittsburgh RailwaysCo. The Philadelphia Company had previously acquired all the stock, common and pref., of the
Southern Traction, in accordance with terms in V. 73, p. 1112.

By the terms of an operating contract, effective January

1,

the Pittsburgh Railways Co. assumed control of ai l thb
properties of the Consolidated Traction Co., the United Traction Co. of Pittsburgh and their underlying companies.
The Southern Traction Co. was chartered in 1900 to take over, extend and operate the West End Traction lines, which were purchased
1902,

In Aug., 1900, for $4,500,000.

.

—

:

"

STREET RAILWAYS.

Feb., umm.

Leasts the Pittsburgh & Castle Shannon RK. for 99 years, rental
being $15,000 per annnui. Hee. V 81, p. 778.
The f oi lo w ngi-eciiritnwi being in each case theentlre issue) are owned:
50.000 share* common stock of the West End fraction Co.
50,000 shares pi eferred stock of the West End rraoMon "o
120 shares oapital stock of Virginia Ave. Street Ry. Co.
"
"
•'
McKi-cs Rooks A Iugrain Ht. Ry. Co.
400
"
"
"
McKees Rocks & Nevll e Isl. St. Ry. Co.
300
"
"
"
Orafton * Ohartlers Valley Tract. Co.
12n
"
"
"
Pitts. Uanka'lle & Mt Lebanon 8. R. Co.
400
"
"
"
Carnegie Bridge Co.
100
ROAD-Tho Pittsburgh Rwys C>. operates 518-64 miles of track in
Pittsburgh and outlying boroughs Equipment consists of 821 closed
i

'

motor

oars,

552 open motor cars, 177 closed

oars and 135 miscellaneous cars

Stock and Bonds-

Date.

Common stock,

$2,500.000
Pref. 5 p.o.eum.,$2, 500.000
Car trusts, $400.000 l Int. at
($l,000j

trail cars,

82 open

trail

Outstand'g.
Maturity.
$2,500,000
2.500.000
400,000
See text.
5g.J-D
Brown Bros & Co N. Y. & Phila.,
Interest.

,

or at co's

office.

Colonial Tr Co., Pitts

,tr

Bond*.— Car trusts in table above mature $40,000 annually from
1906 to 1915, Inclusive.
Debt of old Southern Traction Co.
900 5 g A-O $3 875,000 Oct. 1, 1950
e- \ Int. at Union Tr. Co., Pittsburgh, Trustee.
$4,000,000 ($1,000)
60 t.OOO .Ian. 1. 1938
J-J
West End Traction Gen. M. S 1898 5
> Int. at Union Tr.Co., Pittsburgh, Trustee.
.$1,500,000
Underlying loans of Vest End Traction
198,000 July 1, 1924
J-J
Pittsburgh Grafton AMans- s 1894 5
Int. at Pittsburgh Trust Co., Pittsburgh
<
field 1st M
500,000 July 1, 1922
J-J
... 1892
5
Pitts*. West End 1st
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
See V. 71, p. 864. Of the
ottered the bonds for sale in October, 1900.
portion of the5e of 1898 of the West End Traction still unissued, $69 o,
000 are reserved to retire underlying bonds.
Annual heport— All companies owned, controlled and operated by
Pittsburgh Railways Co. for years ending March 31, 1905 and 1904:
1904.
1905.
1904.
1905
8o. Trao.

1st

M

coll. tr., g.

U

M

$

$
$
8,569,477 8.661,394
Gross
3,41*,- 32 3,474,513
Net
137,656
gs,* 7
Other income.
Total income 3,514,5513,612,169

$

Rental, Un't'd
Traotion.-.. 520,784
520,785
Rent.. Con.Trl,495,~<48 1,477,098

^

Miso.,tnt.,&c. 196,638
165 921
1,582,»33 1,464,441 Balance.. ..def.28l, 552 def.!6io76
—President, J. D. Callery; 1st Vice-President, J. H. Reeti;

Interest

|

OFFICERS
2d Vice-President, 8. L. Tone; Secretary, W. B Carson; Treasurer, C. J.
Braun Jr.; Auditor, C S Mitchnll. Directors, J. D. Callery, J. H.
Reed, Joshua Rhodes, A. W. Mellon, Geo. E McCague Geo. H. Frazier,
H. .1. Bowdoin, J. C. Reilly, Richard Y. Cook.— V. 73, p. 554; V. 80, p.

1861.
I

(

road.

Organization. —Incorporated in Pennsylvania in Oot., 1901, and
later absorbed the Sycamore Street Ry. Also owns the entire ($500,000) capital stock of the Mount Washington Tunnel Co. Stock 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 Apm
charges, including bond interest.
Interest
OuMand'g.
Maturity.
Bate.
Stock, $1,500,000, $50...
$1,500,000
,Apr. 1, 1933
1903 5 g. A-O
1,500,000
1st mtge. & col. tr $1
Penn. Co for Insurances on Lives and
500,000,gold ($1,000),
Granting Annuities. Phila trustee.
Guar. P. & I....
o*.
Bonds are guaranteed, principal and interest, by endorsement, by
the Philadelphia Co. loterest payable in New York, Pittsburgh and
Philadelphia No sinking fund and bonds caunot be called. The
stock of the Tunnel Co. has been pledged as collateral under this mortgage. See V. 76, p. 1143.
Road— Operates about 6*0 miles of track from Pittsburgh to Mount
Lebanon. Gauge, 5 f t. 2 . in. V. 80, p. 222.
1,

1903, for

Stock

all

& Bonds.—
,

.

(2)

UNITED TRACTION CO.—

FEDERAL

ST.

PLEASANT VALLEY RY.- Trolley.

<te

20, 1868, and has since consolivarious subsidiary companies. The franchise is perpetual.
The North Side Traction Co. on July 20, 1896, leased the Federal
Street & Pleasant Valley for 9(50 years, assuming its funded debt of
$1,250,000 and its floating debt of $175,000, and agreeing to pay as
rental all taxes, rentals, etc., and also $70,000 yearly in cash, payable
January 15 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.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
5 J-J
$1,400,000
See text.
Stook (par $25) full paid
963,000 May 1, 1942
5g.J-J
Consol. mort., $1,250,000,$ 1892
g., $1,000, on 28 miles.. *o I Int. at Fidelity Title & Tr. Co., Pittsburg.

Organization— Incorporated Feb.

dated

its

&

Underlying mortgages—
Observatory Hill 1st
People's Park Pass

M

43,000 July 1, 1907
1887 5 J-J
51.000
1913
1882 5 J-J
1889 5 J-J
89,000 July 1, 1919
Fed. St. & PI. Val. mort
23,000 Nov. 1, 1920
Allegheny <fe Belle vue 1st M. 1890 5 J-J
36,000
1920
Allegheny St. 1st mortgage. 1890 5
4,000 Nov. 1, 1920
1890 5 J-J
Perry St.lst mortgage
41,000 Nov. 1, 1920
J-J
1890 5
Troy Hill 1st mortgage
Bonds—The consolidated mortgage of 1942 is for $l,250,000,'of which
the balance unissued is in the hands of trustee to retire all the other
Issues mortgage trustee is the Fidelity Title <fe Trust Co., Pittsburgh.
Road— Embraces 33 miles of track (including sidings) on about
17 miles of street; rails mostly 90-lb. girder.— V. 63, p. 189
(b) PITTSBURGH ALLEGHENY & MANCHESTER TRACTION.—
ORGANIZATION— Consolidated wtth United Traction in June, 1897
which purohased all the capital stock (V. 65, p. 27).
;

(<;)

PITTSBURGH & 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 since Dec, 1891. Pittsburgh Incline Plane Co. and
Ml. Oliver Incline Plane Co.; operates also Birm. Knoxville & Allentown Traotion Co. In Aug., 1900. purchased the $400,000 capital
,

stock of the

Lebanon.

STOCK

&

West Liberty Street

Ry.,

and constructed a

&

M

,

;

Total

REPORT—Not now an operating oompany.

OFFICERS.— President, James D. Callery; Vioe-President,

Outstand'g
Maturity.
BONDS.— Date.
"...
..
Text.
$3,000,000
See text.
mort., gold, 5s... \ 1889 5 g. M. - N.
1,500,000 Nov. 1,1929
o*> Fidelity Trust Co. of Philadelphia, Trustee.
($1,000)
B'ds,$12,000,p'd y'rly
5
....
80,000
Interest.

Stook ($50)
1st

Guaranteed bonds —
Blrm Knox.&A.lstM.

)

gold, interest guar..

$

A-O
1891 6
M-S
Fidelity Trust

500,000

g.

H.

Reed; See, W. B. Carson; Treas.,C. J. Braun, Jr.; Auditor, C. 8. Mitchell.
Finanolal Agents, Alexander Brown & Sons.
Baltimore, Md.— V. 70, p. 329; V. 71, p. 1 80, 1271; V. 73, p. 390.

Office, Pittsburg, JPa.

Sept. 1, 1931

Co., Phila., Trustee.

8t

F"A
1896 5
.1
West Liberty St." Ry.') 1900 5 g. J --J
1st mortgage
Pittsburgh Trust
S
-

300,000
400,000

Aug.
July

1,

1,

1926
1930

Co., Trustee.
miles of track, laid with 90-lb. rails, as follows.
Main line, 24 miles Brownsville Ave. Ry. (all its $300,000 stook
owned), 7-33 miles; inclines, 2 miles.
Annual REFORT-Not now an operating company.— V. 69, p. 332,
334; V. 71, p. o43; V. 72, p. 776.

Road— Operates 33-80
;

Lines Leased to Pittsburgh & Birmingham Traction.
MT. OLIVER INCLINE RY.— Owned, leased and operated by Pittsb.
& Birm. Trao. Co. Stock, $100,000. Bonds, IstM. 6s, M. & N., due Nov.
1. 1901, $44,500
Up to Feb 1906, these bonds not taken up.
,

PITTSBURGH INCLINE PLANE— Leased

for 999 years to Pittsb.
Co., at rental equal to Interest on bonds and
10 p. c. on $150,000 stock, free of tax; dividends were 9 p. o. yearly
for some time, balance being carried to surplus; but latterly increased
to 10 p. c.
Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS
Stock, par $100, full paid
$150,000
See text.
1st M., $1,000 each
o* 1889
6 J- J
150,000
July 1, 1919

A Birmingham Traction

&

Q-F

2nd mortgage.

1890

6 J-J

100,000

June 1,1910

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.

(d)

<

PITTSBURGH & CHARLEROI STREET RY.-A

trolley

Road.

Organization— Incorporated April 19, 1902, and took over the
Charleroi & West Side Ry.; is leased to the United Traction Co. for
900 years from May 15, 1902. 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.
Date.
Interest. Outstanding.
Maturity
STOCK & Bonds—
Stock, $2,500,000 ($50)
Charl.
West Side IstM
Pitts. & Charl, 1st
$2500,000 g. ($1000;.... c*

&

M

5 p.

)
S

1902
Int. at

c.

5g M-N

Union

$2,500,000
75,000 8ept. 1,1929
2,425,0(0 May 1,1932

Tr. Co., Pittsburg, Trustee.

Bonds— Of the Pittsburgh & 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 distance of 3414 miles. Completed In Sept., 1903.
OFFICERS— President, J. D. Callery; Secretary, W. B. Carson; Treasurer, C. J. Braun, Jr. -V. 74, p. 1039, 1090; V. 76, p. 752.
(3)

CONSOLIDATED TRACTION-Trolley road.

ORGANIZATION— Chartered July 15,1895. Thecompany has absorbed
the Fort Pitt Traction. Co. and assumed its leases of the Citizens' and
the Allegheny 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 Tran. St. Ry.
On Deo. 4, 1901, stocuholders of Philadelphia Company approved
plan for absorbing the shares of the Consolidated Traction. See terms
in V. 73, p. 1112. 284,2*9 shares common and 232,760 shares preferred
have been so exchanged.
Par.
Interest.
Outstanding.
Dividend.
STOCK—
Oouimon stock
$50
J-J
$15,000,000 Jan., 1906, 1%
Pf. stock, 6 p.c. cum.
50
12,000,000 Oct., 1905, 3%
The preferred stock carries cumulative dividends of 6 per cent per
annum, and has the right to participate equally with the common stook
when that has received 6 per cent. All arrears of dividends were
paid up in Jan., 1903. V. 76, p. 4S. First dividend of 1 p. o. on common
paid Jan. 2,1903; then 1 p. o. July, 1903. In 1904,2 p.c.; in 1905,
2 p. 0. In 190U, Jan., 1 p. o.
ROAD -Controls about 126 miles of track in all
Officers— President, J. D Callery; Vioe-Prest. J. H. Reed; Sec. 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.

6M&N

11713
J.

line to Mt.

V. 71, p. 343.

C

Organization.— Incorporated on July 27. 1896, and In June, 1897,
purchased all the property and franchises of The Second Ave. and North
8ide traction companies, and secured control of the Pittsb. Allegheny
& Manchester through a lease for 950 years and the purchase of its
stock. The Federal St. <fe Pleasant Valley Passenger Ry. is controlled
through its lease for 950 years to the North Side Traction. In 1902
leased the Pittsburgh & Birmingham Traction Co and the Pittsburgh
<te Charleroi St. R\
In Mar., 1899, the Philadelphia Co. ottered to give $6,375,000 of its
common stock in exchange for the $17,000,000 common stock of the
United Traotion. See V. 68, p. 479. In Oct., 18^9, 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 property, and, under the terms of the operating contract, +grees to p-iy
current dividends of 5 p. o. on the pref. stock and 1 per cent on the
common stock. The agreement lasts until Jan. 1, 1907, and thereafter until terminated by three months' notice from either party.
Date. Interest. Outstanding. Dtv.nr Mat.
Bonds
Stock
Com.stock,$17,000,000 (50)
$17,000,000 J an.j'Od.^p.c.
Pref.cum., $3,000,000 ($50)
J-J
3,000,000 Jan., 1906, 2*a
1897 5 g. J-J
United Trac. gen. m. gold, )
4,750,000
J'yl,1997
$10,000,000 ($1,000). o* I Maryland Trust Co., Baltimore, Trustee.
Interest is payable in New York Citv.
5
Pitts. Al leg. & Man ch
1,50 1,000
Oct. 1, 1930
Second Ave. Trao. Mort. J 1894 5g. J-D
2,030,000
Dec. 1, 1934
.c" l Maryland Trust Co., Balto., Md., Trustee.
gold ($1,000)
Interest at Brown Bros. & Co., N. Y., or A. Brown & Sons, Balto.
1889 5 J-J
2d Ave. Pass. Gen. mort
120,000 July 1,1909
1893 5 J-J
2d Ave. Traction Co.
300,000 July 1, 1933
Braddock& Turtle Cr'klst. 1891 6 A-O
50,000 April 1, 1911
Loans payable J une 30, '05
l^O.OlS
Int. at Safe Dep. & Tr. Co., Pitts Trustee
The United Traction receives the entire earnings of the North Side,
Pitts. A. & M. and Second Ave. traction companies, sublect only to
annual charges of $263,000, as shown above.
Dividends—On preferred in 1898, 5 p. c; in 1899, 5 p. o: In 1900,
5 p. c; in 1901, 5 p. c; in 1902, 5 p. o.; In 1903, 5 p. c; in 1904, 5 p.c;
in 1905, 5 p c. Dividends of wy on common stock commenced Jan. 2,
1903; *2 p. o. also paid July, 1903, *$ p. o. in Jan., 1904, and Hi p. c.
in July, 19<>4; in 1905. 1 p. o; in 1906 Jan., i« p. c.
Bonds—The new United Traction mort. Is limited to $10,000,000;
bonds cannot 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.
Miles.
ROAD—The miles of traok owned and consolidated are
63-83
Second Avenue Traction
Traction
31-84
North Side
21-45
Pittsburg Allegheny* Manchester Traotion

4

Linen controlled by Lulled Traction Co.
(d)

"r'Z IsfmorL.^

MOUNT WASHINGTON 8TREET RY.— A trolley

)

4

Lines controlled by Consolidated Traction.
(a)

ALLEGHENY TRACTION.—

Organization— Incorporated July 23, 1890. April 1, 1896, this
oompany was leased to the Fort Pitt Traotion Company for 950
years at a rental of $25,000 per annum.

J

)

;
'

STREET RAILWAYS.

78
STOCK

&

BONDS—

Date. Interest. Outstand'g. Lastdiv.,etc.
See text.
$500,000
5 p. o.

Stock, $500,000, par $50

Guaranteed bonds—

Millvale Etna & SharpsburglstM. $750.000,g.

1893

5g.

M-N

750,000

Nov.

1,

1923

Pittsburgh Tr. Co., Pittsb'gh, Trustee.
Dividends— The semi-annual dividend of 2^ p. o. due June 1,1901,
In
•Wh passed, the prooeeds being used to pay off the floating debt.
ISO, 4*3 p. o. In 1903, 5 p.o. In 1904. 5 p. e In 1S05, 5 p. o.
R AD— Including Millvale Etna & Sharpsburg, 18^ miles of road

(b)

J

Int. at

CENTRAL TRACTION.—Trolley.

LEASE— Incorporated Deo. 21 ssa Leased from April 2, 1896, to
the Consolidated Traction for 950 y> ars at 3 p. o. per annum on par
value of $1,500,000 stock, see V 61, j 1154— and in May, 1896, stockholders were offered privilege of exei anging their stock for receipts,
•which were redeemed at $30 per shaie n Oct. 1, 1896, in Consolidated
Traction Co. preferred stock at par 2!> 133 snares of Cent. Trac. stock
V. 62, p. 1087.
(out of 30,000i have been so »nh»nin
Maturity.
Stock & Bonds—Mites. Date. Interest. Outstanding.
$30,000 shares >
Stock-par $50,)
3%A-031(. v
J
866 text
J
$375,000 July 1, 1929
6
1889
5 Jl8LM.*c»7o,0O0 J
cable line $500 i Interest at Union Trust Co., Pittsburgh.
Bonds of Central Passenger Ry. controlled.
125,000 Oot. 1, 1924
4
1894 6 A-O
1st M. $250,- )
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., 1% p. o. in cash; in 1899,3 p. c; in 1900, 3 p. 0.; in 1901,
3 p. o.; in 1902, 3 p. c. In 1903, 3 p. o. In 1904, 3 p. c. In 1905,
.

.

^

.

;

3

D. c.

ROAD— 8 "5

miles of road, of whioh it controlled by ownership of
capital stock, Central Passenger Ry., Z^a miles. —V. 62, p. 948, 1087.

(c) CITIZENS'

TRACTION— A

trolley road.

Organization— Incorporated July

6,

1887.

On

Sept. 1, 1887, pur-

chased the entire capital stock ($200,000) of the Citizens' Passenger
Ry., which it now holds.
LEASE— Leased from Nov. 1, 1895, to Fort Pitt Traction Co. (now
Oonsol. Traction) for 950 years at 6 p. o. per annum on $3,000,000 oapital stock. In addition the lessee agreed to pay a floating debt of $175,
000, and at maturity mortgage debt. V. 61, p. 661.
-

&

Maturity.
Outstanding.
See text.
6 M.-N.
$3,000,000 f.p.
Stook ($50) fully paid
Oot. 1, 1927
1,250,000
lft mortgage ($1,000) < 1887 5 A.-O.
Not subject to call. \ Fidelity Title & Trust Co., Pittsburgh, Trustee
«e, butal95,000 f
Purchase money mortgs
J
lines whose stocks are owned.
Bonds of
250,000
June 1, 1922
PennSt. Pass. Ry. IstM. 1892 5J.-D.
Interest and dividends payable at N. Holmes & Sons, Pittsburgh, Pa.
Road.— Owned and operated 305 miles of track on 15 miles of
street.-V. 60. p. 930; V. 61, p. 112. 516, 661.
(d) DUQUESNE 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
In May, 1896, stockholders were allowed
<of floating debt of $180,000.
to exchange their stock for receipts, redeemed Oct. 1, 1896, at $37 per
share in 6 per cent preferred stock of Consolidated Traction Company
at par. 52,535 shares out of 60,000 have been so exohanged. See
V. 62, p. 1087.
Date. Interest. Outstanding.
Maturity.
BONDS.—
STOCK
Text
See
$3,000,000
Stork I<fc50i fullv paia \
BtocK (fcou) iuny naid ^ Dlv pa able at y\&<s\. Title & Trust Co., text.'
Pitts'h
y
189 ° 5J -"JJuly 1, 1930
1,500,000
Hstmort*aee
<s*\
ist mortgage
c.
} Fi dellty Title & Trust Co f Pitts., Trustee.
Dividends were 5 per cent, J&J, bu in 1893 and 1894 none paid;
In 1895, 4 p. c; in 1896, none; in 1898, 3 p. c; in 1899, 4 p. c; in 1900,
4 p. c; in 1901. 4 p. c .; in 1902, 4 p. c; in 1903, 4 p. o.; in 1904, 4 p. o.
In 1905, Apr. 20, 2 p. c July, 2 p. o. None since
ROAD— At time of lease In 1896 controlled 11 companies, with a
capita) aggregating $249,700 and having 333 16 miles of road.
—V. 60, p. 930; V. 61, p. 153, 794, 1154; V. 62, p. 948, 1087.

STOCKS

BONDS—

Date.

Interest.

^

&

-

;

(e)
(f )

FORT PITT TRACTION— See Consol. Traction Co.
MONONGAHELA STREET RAILWAY-

ORGANIZATION— On May 26, 1898, absorbed by consolidation the
Schenley Park & Highland, Homestead & Highlands, Braddook &
Homestead, and the Braddock & Duquesne.
In December, 1901, the Monongahela Street Ry., the Wilkinsburg &
East Pittsburgh Street Ry., the Wilkinsburg & Verc na Street Ry. and
the Pitcairn& Wilmerding Street Ry. (construction of latter two roa is
completed during year 190304), were merged in the Monongahela
Street Ry. and stock was inci eased from $1,000,000 to $7,000,000
See V. 7.5, 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 reached.
Lease is guaranteed by Philadelphia Co. First dividend under lease
<2 per cent) was paid in July, 1904. See V. 79, p. *6 J.
In 1905, Jan.,
lJa p.

<•.;

.luly 13 5 p. o.
Miles. Date.
BONDS

—

&

Interest.
Outstand'g.
Maturity.
STOCK
Stock, $7,000,000
See text $7,000,000
See text.
Mon St. Ry. 1st inort., > 17 1898 5g. J-D 1,000,000 June 1, 1928
gold. . . S
Union Trust Co., Pittsburgh. Trustee.
$1,000,000,
Wilk.
E. Pitts M.,)
$2.000,000,gold($l,- £ ..
1899 5g. M-S
2,000,000 Sept. 1, 1929
o<fcr)
O00)
Wilk & Ver.M.,$700.- \
" 1901 5g. J-D
602,000 June 1, 1931
000, g. ($l,u00) c.fcrj
Wil M., $700,. )
Pit
" 1901 5g. J-J
405,000 July 1,1931
000. 1. $1,000... c<fcr<
The Union Trust Co. of Pittsburgh is trustee of all mortBond*—
gages and interest is payable at Mellon National Bank
The Wilks. &
Ver. bonds are guaranteed, p and i., by Wilk. & E Pitts. St. Rv Co.,
Monongahela St. Ry. Co.. Consol. Trac. Co and Phila. Co. of Pittsb.
ROAD— Owns 23 t>3 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. 8 Mitchell.- V. 72, p. 776; V. 79, p. 269, t>27, 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 l 1^ years' dividends were used to pay floating debt of $250,000
In May, 1896. stockholders were offered receipts for their stock,
which were redefined at $70 per share on Oct. 1, 1896, in preferred
stock of Consol. Traction Co. 49,500 shares out ot 50,000 have been so
exchanged Hee V. 62, p. 948. Pittsburgh Traction owns the $250,000
oapital stock of Bloomiield 8t. Ry. and guarantees the bonds.
Date. Interest. Ouintanding. Last div., etc.
STOCK
BONDS.—
Stock, $2,500,000 (par $50) ....
7A-Oj/
Text.
See text.
$750,000
Oot 1, 1927
«' 5 1887 5 A.-O.
1st mort .^s
stmort. <S«
e £ Fidelity Title & Trust
Co., Pitts., Trustee.
.

&

&

-

&

Guaranteed bonds

—

Bloom field Street Ry., 1st) 1893 5F.-A.

250,000 Aug. 1,1923
our
Interest at Pittsburgh Trust Co., trustee.
c* 5
Stork— Issued 50,000 shares, on which $38 eaoh has been paid.

[Vol. lxxxii.

Dividends— At company's office, Pittsburgh. Dividends in 1895,6
p.c; in 1896, none— see above. In 1898, 5V/4i in 1899, and since, 7%.
Road.— Owns 1267 miles of traok. Bloomneld St. Ry. owns 3 miles,
( h ) SUBURBAN RAPID TRANSIT ST. RY.
Organization— Was leased on Jan. 1, 1902, to Consolidated Traction
Co. for 900 years at an annua) rental of $56,000, as well as paying all
charges, inoluding interest and taxes.
Maturity.
Stock
Bonds— Dale. Interest. Outstanding.
Stock, $1,400,090
J-J
Jan., '06, 2%
$1,400,000
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 S
Dividends.— In 1903, 4 p. c. In 1904, Jan., 2 p. 0.; July, 1*4 p. o^ in
1905, 4 p. c in 1906, Jan.. 2 p. a*
Road Operates 14^ miles of traok on 6 miles of street.

&

&

—

;

SEVENTEENTH STREET INCLINE PLANE

(*)

CO.

Organization— Is a reorganization on Deo. 28, 1904. of the Penn
Incline Plane Co. Entire stock is o wned by the Philadelphia Co. Is
operated by the Pittsburgh Kys. Co.

&

STOCK

Bonds—

Date.

Stock, $250,000. $50
1st mortgage, $125,000
($1,000) guar
o<

Outs'and'g.

Interest.

Maturity.

$250,000
125.000 Mar.

5 our. M-S
1, 1935
at Colonial Tr. Co., Pittsburgh, Trustee.
Bonds— No s. f. and bonds are not subject to call. Are guar., p. and
i., by the Phildelphia Co.
Earnings For year ending Deo. 31. 1905, gross, $24,649 net;
$12,992; fixed charges. $6,717; surplus $6,275.
OFFICERS— President, J. D. Callery; Vice-Pres., 8. L. Tone; Sec, W.
B. Carson; Treas., C. J. Braun Jr.; Auditor, C. S. Mitchell.
(5) BEAVER VALLEY TRACTION— A trolley road.
In July, 1905, control was acquired by the Philadelphia Co. of Pittsburgh. V. 81, p. 506.
Organization— Incorporated in perpetuity June 29, 1891, and owns
entire capital 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 & Grandview Electric Street Ry., the Rochester
Monaca Electrio St. Ry. and the Beaver & Vanport ElecSrio
8t Ry.; also owns entire capital stock of Rivervlew Eleo. St. Ry. Co..
the Freedom
Conway Eleo. 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.
Maturity.
Bonds—
STOCK
St'k ($1,500,000) par $50
$1,075,000
)

1905

S

Int.

&

&

&

1st mortgage, $150,000,5

1891

6g.J-J

150,000

July 1,1911

gold
a\lnt. at Union Tr. Co., trustee, Pittsb'gh, Pa.
2dmortgage,gold,($500),5 1895 6 g. A-O
100,000
Oot. 1, 1915
$100,000
o* i Int. at Union Trust Co., trustee, Pittsburgh.

A&O

1900 5g.
675,000 Oct. 1, 1950
1st con. mortgage, gold,
Int. at Pa. Co. for Ins. on Lives
Granting
$1,000,000 ($l,000)..c*; Annuities, Phila., Trustee.
Gen. mort.. gold, $3,000,- 1903 5g. M-N
500,000 Nov. 1, 1953
0*$ Int. at. Northern Trust Co., Phila., trustee.
000 ($1,000)
50,0'i0
May 1. 1912
People's El. St. Ry. 1st M.
People's Eleo. Street Ry. <
6
25,000 Feb. 20, 1915
2d mort.
I Interest at Union Trust Co., Pittsburgh.
Bonds— Of the $1,000,000 consols, $325,000 are reserved to
retire underlying bonds. Bonds are redeemable at no and accrued interest; 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 extensions and improvements at 75 p. c. of cost. The new bonds are redeemablein any amount at anytime at 1 10 and int. See V. *il, p. 2158.
ROAD— Owns and operates 32 miles of track, connecting the various
towns and boroughs in the Beaver Valley, from Morado Park southerly via Beaver Falls to Beaver and Vanport and to Rochester and
Conway. Laid with 90-lb. and 73-lb. girder rails. Owns 51 cars, with
street sprinkler and snow-sweeper.
EARNINGS— For fiscal year ending Sept. 30, 1905, gross, $248,248.
net, $114,943: charges. $91,941; surplus, $23,002.
OFFICERS— Pres., J. D. Callery Pittsburgh; Vice-Pres., S. L. Tone;
Sec'y, W. H. Carson; Treas., C. J. Braun Jr Auditor, C. S. Mitchell
V. 77, p. 1224, 2158; V. 81, p. 506, 1664, 1790.

&

6M&N
F&A

—

;

(6)

ALLEGHENY BELLEVUE & PERRYSVILLE RY—

Organization— Incorporated In Pennsylvania on Feb, 8, 1905 Entire stock is owned by the Philadelphia Co. Is leased to the United
Traction Co. for 995 years from March 1, 1905, at a rental of 5 p. c.
on the stock.

& Bonds—

Outstanding.
Maturity.
$500,000 Mcb., '06, 2i*%
)
April 1. 1935
500,000
g.
($1,000), guar
05 Penn. Co. for Ins. on L. & G. A., Phila, Trust.
Bonds— Are guaranteed, p. and i., by Phila. Co. Interest is payable
at company's ottioe or by Brown Bros. & Co., N. Y. and Phila. No
sinking fund and bonds are not subject to call.
Road— Operates 8 ^ miles of traok from Allegheny via Westview
to Bellevue
Gauge, 5 ft. 2^ in.
Officers— Pres., Jas. D. Caliery; Vice-Pres., S. L. Tone; 8ec, W, B.

Stock

Date.

Stock, $500,0 0, $50
1st M.. $500,000, gold

Ca^on;
(7)

Treas., C. J.

Interest.

M-S
A-O

5
1905 5

Braun

Jr.

WASHINGTON & CANON8BURG

RY—A trolley road.

Acquired by Pittsburgh Rys. Co. in "ec, 1905. V. 81, p. 1666.
Organization.— Incorporated in Pennsylvania on June 2, 1902.
Successor on June 2, 1902, to the Washington Electrio Street Ry.
Controls the Washington & Eastern St. Ry. Franchises perpetual.

—

&

Date.
Interest.
Outstand'g.
Maturity.
STOCK
BONDS
Stock. $1,000,000, $50
$1,000,000
Wash. El. St. Ry. 1st M. 1897
125.000
Feb. 1, 1927
5 g.
1st mort., $650,000, ) 1902
5 g. J-J
July 1, 1932
525,000
gold
c<fcr f Int. at North Am. Sav. Co., Pittsburg, Trustee.
Bonds— A sinking fund of $5,000 per annum becomes operative after
5 years; $1 25,000 of the new bonds are reserved to retire tho bonds of
the Washington Eleotrio Mt. Ry.
Earnings— For nsoa3 year ending June 30. 1905, gross, $106,756;
net, $47,462; ohaiges, $32,500; surplus, $14,962.
Road—Operates 12'3 miles in and between Washington, Tylsrdale

and Canonsburg.
(*)

MORNING8IDE ELECTRIC

ST.

RY—

Organization— Incorporated in Pennsylvania on July 14. 1904.
Entire sto k is owned by Philadelphia Co. Is leased to the Consolidoted
5 p.

o.

:

raotion Co. for 995 years from Sept. 3u, 1905, at a rental of

on

STOCK

^tock.

&

BONDS—

Stock, $24,000,

morfeaze
nm?S g
uuu.goia

1st

<ft200

-

(
i

1905

Interest.

Outstanding.

5A.O.

Date.

$50

$24,000
200,000

5

g.

A.-O.

Maturity.
See Uxt.
Oct.1,1935

Interest at office of Brown Bros. & Co.. Phila.
( Penn. Co. for Ins. on Lives <fe G A., Phila., Tr.
1-3 miles of track. Gauge, 5ft. 2 ^in.
Road— Operates 3
Officers -Pres., Jas. D. Callery; Vioe-Pres., S. L. Tone; Secretary
W. B. Carson; Treas.; C. J. Braun Jr.
'

WEST PENN RAILWAYS

CO. -Trolley and elec-

crlc lighting.

Org*niz«Tion. -Incorporated in Pennsylvania on Feb. 17, 1904,
and is a consolidation of the Pittsburgh McKeesport <fc Connellsville
Ry., the Uniontown & Monongahela Valley Ry., the Connellsville
Suburban Street Ry., the Greensburg & Southern Electrio Street Ry.

5

Feb.

STREET RAILWAYS.

L906.

79

of 10 electric-lighting companies in various oitiea and towns tribin addition to street railway, does electric-lightutary to the road
ing and power business. Franchises are for 999 years. N. W. flalsey ife Co.. of New York, offered the bonds for sale In May, 1905. (V.

Also a line from Adams to North Adams 6 miles. Extension to Williamstown, 6 miles, was completed in 1896. Extension from Williamstown to Vermont State line, 2*4 miles, completed In 1905.
EARNINGS— For year ending Sept. 30, 1905, gross, $166,855; net,

80. p. 1914.)

$51,209; oharges, $29,175; dividends (5 p. c), $20,000; surp.. $1,049.
Officers-— Pres., A. H. Rice, Pittsfield; Vice-Pres.. E. D. Whltaker,

and

Date.
STOCK & Bonds—
Common, $3,250,000 ($100)
750 00 °' 5% n C
P

Outstand'a.

Interest.

$3,250,000
2 .7 5 °.°00 Feb.'OS.lV/o

'

'

Maturity.

I
3,026,000 Jan 1,1931
1st M.. $6,000,000, gold ) 1905 5 g. A-O
($500 <fc $1,000)..
o' s Int. at Colonial Trust Co.. N Y., Trustee.
J-J
2,797,000 Jan. I, 1931
5
P. MoK. <teL.,lst con. M.,) 1901
$3,500,000 ($1,000), g. > Int. at Mercantile Trust Co., Pittsburgh,
Cannot be called
) trustee.
175.000 Jan. I. 1932
5 g. J-J
Con. 8ub. St. Ry. mtge , > 1902
Tr.
$175,000 guar
s Ii't at Mercantile Trust Co.. Pitts
Bonds —In addition to the issues given above, there are $504,000
underlying liens outstanding, but as these will be taken up with a
bonds, we omit them from the statement. The
Use amount of n>
remaining $2,470,000 are reserved for extensions at 90 p. c. of cost.
No. s. f. and not subject to call. See V. *0, p. 1914. The Connellsville Sub. bonds were guaranteed, p. and i., by the Pitts. McKeesp. <fc

mbS'

"

w

CouneUsv. St. Ry.
Dividends— The first dividend on pref. stock, 1*4

p.

c, was paid Feb.

1906.

1,

Earnings— For year ending Oct. 31, 1905, gross, $1,023,835; net,
after taxes. $464,149; interest, $326,675; surplus, $137,474. In 1904,
gross, $909,734; net, $379,638.
ROAD— Owns and operates 94 miles of road from Duqnesne (adjoining Pittsburgh) tOjMcKeesport, Versailles, Buena Vista, Mt. Pleasant;
Soottdale, Connellsville, Leiseuring, Dunbar, Uniontown and Fairchance.

North Adams; Treas., William L. Adam, Pittsfield; Clerk, S. P. Thayer;
Supt., W. T. Nary.-V. 76, p. 1144; V.78, p. 1446; V. 79, p. 213, 968.

pl,attsburgh7

$100,000 (par $100). First mortgage 6 p. c. gold bonds of 1896, due
1926; Int. J-J., at New York Trust Co., NY., Trustee; authorized
$100,000, issued $80,000. For year ending June 30, 1905, gross, $21,577; net, $7,9o3.

Road—Owns 6^

C. Converse; Pres., W. 8. Kuhn ,
Vice-Pres., Jas. 8. Kuhn; Sec, Robt. P. Watt; Treas., J. B. Van Wagener.—V. 80, p. 1857, 1914,2221; V. 81, p. 1611; V. 82, p, 50.

PITTSBURGH* M'KEESPORT & GREENSPopulation
BURG RY—A consolidation on Jane 1901, 75,000.
the Greensburg
Organization— A
served,

trolley road.

of

28,

& Hemptleia Electric St.

Ry. and the Westmoreland Ry. All franchises
are perpetual and about two-thirds of the road is over private right
of way. Bonds listed on Pittsburgh Stock Exchange.
Outstand'g.
Interest.
Date.
Maturity.
Bonds—
STOCK
$1,030,000
Stock, $1,500,000
1901
5 $ JJ
1,320,000 July 1, 1931
i *+ m*™ «i *nn nnn (
«1 Int. at Harrisburg Trust Co Harrisburg.Trus.,
/*i n&o\ goia
($i,ooo) „£a
° ( or at Manufacturers' Tr. Co., Providence. R. I.
Bonds—The remaining $180,000 unissued bonds can only be issued
under strict provisions, and with the approval of the trustee, for betterments and additions. See V. 73, p. 33; V. 76, p. 811.
Report— For year ending Deo. 31—
Oro$s.
Oper. Expen.
Net.

&

'

,

$182,630
$93,550
$89,090
159,058
76,334
82,724
Road— Owns and operates 22 miles of track from Irwin through
Jeannette and Greensburg to Youngwood and Hunker. An extension
of 6 miles to Trafford City la under construction to oonneot with Pitts
burgh (City) Railways Co., which is nearing completion. 74-lb. T and
90-lb. girder rail. Gauge, 5 ft. 2,^ In.; 22 cars. Owns in fee one pleasure park. Power supplied by the Westmoreland Lt. H. & Power Co.
Officers— Pres., L. B. Huff; Vice-Pres., W. D. Chapman; Sec, Treas.
and Gen'l Mgr., P. A. Gibson, Erie; Supt., M. A. Coffey. General
office, Greensburg, Pa.— V. 76, p. 811.

PLYMOUTH, MASS.
BROCKTON & PLYMOUTH STREET RY-1900, as the Pembroke
Ry.
OrGANIZATION— Chartered on Jan.
3,

Organization—

December, 1902, of the Apollo Vandergrift & Leechburg Eleotrio
Street Ry. and the Vandergrift & New Kensington Street Ry. Owns

&

Power Co.,
entire capital stock of the Apollo Eleotrio Light, Heat
the Leeohburg Electric Light & Power Co., the New Kensington EleoPower Co., the Parnassus Electric Light & Power
trio Light. Heat
Co. and the Kistdminetas Bridge Co. All bonded and floating debt of
those oompanles has been retired and the capital stock pledged as
collateral under the new 1st mortgage. Will operate over private rights
of way except In towns. Population served Is about 40,000.
Outstanding.
Date. Interest.
Maturity.
BONDS—
STOCK
Stock, $1,500,000
$750,000
Jan. 15, 1933
400,000
1st mort, $1,100,000) 1903 5 g. J-J
Trust Co.. Pittsburgh, trust
g. ($500&$l,000)..o S Int. at Int. 8av.
Bonas— Cannot be called before maturity. See V. 75, p. 1401.
ROAD— Is to operate 20 miles of track connecting Apollo.Vandergrift,

v
&

Hyde Park and Leechburg and Valley Camp,

Arnold,

New Kensington,

and Parnassus, of which 8*3 miles has been completed. 70-lb. rail. Remainder expected t<» be completed about Jan. 1 1907.
Officers— President, O. W. Kennedy, Pittsburgh; J. D. Orr,
Leechburg, Seoretary; Col. S. M. Jackson, Apollo, Treas.— V. 75, p. 1400

-V.

76, p. 480; V. 77, p. 90.

ST.

CLAIR INCLINE PL ANE-A cable road. 1889.
Sept.
1885. Road completed in

Organization—Chartered

9,

Stock, $150,000 f. p.; 1st mortgage, $1,000 each; 6s, M-N, $75,000,
due Nov. 7, 1909. Interest at Mellon Nat. Bank. Dividends—In Jan.,
1893, 2^%. None since. Road is four-tenths of a mile long.
EARNINQS-Year to Deo. 31, 1903, gross, $23,042. In 1902, gross,
$20,251.
OFFICERS— Pres. and Supt., W. S.Hughes; Treasurer, R. B.Mellon;
Secretary. H. A. Phillips. Office, 514 Smithfield St., Pittsburg.

PITTSFIELD, MASS.
PITTSFIELD RR. Commissioners STREET RY--to
ELECTRIC granted permission
ln Sept., 1904, the

STOCK

&

HOOSAC VALLEY ST. 1886. -Trolley road. purchased
RY. This
road was
Organization— Chartered April
7,

by a syndicate, and reorganized.
Date, interest. Outstand'g. Maturity, etc.
STOCK, Bonds, Etc.—
1905, 5 p. o.
Stock, $500,000, par $100
$400,000
July 1, 1917
100,000
1897$ 5J&J
latmoT-tirarfi
laa7 Unt.atNewEngl.Tr.Co.,Bost.,trus.
1st mortgage
Sept. 1. 1924
Ref. mtee., $400,000, gold, > 1904 4 g. MS
300.000
in June, 1902,

($1,000)

S

Interest.

Outstanding.

Berksh. Loan &Tr.Co.,Pittsf'd, Tr.

"Current liabilities" Sept 30, 1905, $157,500.
of the new refunding mortgage bonds are reserved
to retire the first 5s. No sink, fund and bonds are not subject to call,
ROAD.— Owns 32 miles of track, from North Adams to Pittsfield, and
uses Pittsfield Eleo. Ry. and Berkshire St. Ry. tracks in Pittsfield

Maturity.

$295,000
260,000

>
4^
Deo. 1, 1920
Boston, Trustee.
s Int. at Old Colony Tr. Co.
Kingston,) 1890
35.000
5 J. -J.
Jan. 1, 1910
1st mortgage, $35,000, > Interest at International Trust Company,
Boston, Trustee.
o. $100-$500 ($1.000) )
Current liabilities, Sept. 30, 1905
165,914
Bonds— Ot the new $300,000 mortgage, $35,000 are reserved
retire the Plymouth & Kingston Ry. bonds. See V. 72, p. 44.
1903.
1902.
EARNING8— For years ending Dec. 31— 1904.
Gross earnings
$101,124
$97,812
$90,387
Operating expenses
71.509
74,411
70,044

Plymouth

1900

g. J.-D.

,

&

.

f

Net earnings
Fixed charges

$29,615
23 029

$20,343
20,772

$23,401
21,456

$6,586
$1,945 def.$429
Kingston, Pembroke and Hanson, to Whitman, 23*80 miles of track. Operates 26 passenger and 6 other oars.
OFFICERS— Pres., James D. Thurber; Vice-Pres., Chas. I. Litchfield
Treas., A. Stuart Pratt; Asst. Treas., G. E. Chase; Clerk, Henry R.
Hayes; Mgr. and Tr. Agents, Stone & Webster, Boston.— V. 77, p. 2158.
Surplus

ROAD— Plymouth through

POMEROY, OHIO.
OHIO road.
RIVER ELECTRIC RY.& POWER CO.
a trolley
Organization
($50,000) of the

&

Incorporated In 1900. Owns all the capital stock
& Middleport Electric Co.

Pomeroy

Date. Interest. Outstand'g.
Maturity.
Bonds—
STOCK
Stock, $300,000 ($25)
$300,000
1st mtge., $315,000, gold,) 1900
5 g. J-J
315,000 July 1, 1924
($100. $500. $1,000) .o* < Int. at Columbia Ave. Tr. Co.,Phila.,Trus.
EARNINGS— For year ending Deo. 31. 1905: Gross, $53,196; net,
$23,071; charges, $17,791; surplus, $5,280.
Road— Owns and operates XZ^, miles of road extending through
Middleport, Pomeroy, Syracuse and Racine, Ohio.
OFFICERS— President, Percy M. Chandler; Vice-Pres. and Gen. Mgr.,
John Blair MaoAfee; Seoretary, J. Clark Moore; Treasurer, Jos. T.
Walmsley. General office. North Amer. Building, Philadelphia, Pa.

PONCE, PORTO RICO.
Population

in 1899

was

27,952.

New
PONCE ELECTRIC CO.— IncorporatedLight
in 1902. Owns the securities
the Ponce Ry. &
in

Jersey

owns the railway between Ponce and the Playa and

Co., which
the electric

of

light business of Ponoe and the Playa. Railway franchise expires
in 1961 and electric-light franchise in 1963.
Date. Interest. Outstand'g. Maturity.
Stock
Bonds.—
Stock, $500,000 ($100)
$500,000
Coll.
trust
1st mtge., J 1902
6 g, M-N
245,000 May 1, 1927
gold
$750,000,
o* I Int.atBos.SafeDep.&Tr. Co., Boston, Trus.
Bonds— Are subject to call as a whole at 105 and interest on any interest date.
sinking fund of 1 p. o. per annum of the entire amount
of bonds beoame operative May 1, 1903, and is invested in the bonds at
not more than 107 and interest. $5,000 bonds have been canceled
by this fund to date.
^ Earnings— For 12 mos. ending July 31, 1904: Gross, $58,994; net,
$6 770.
Road— Operates 4*50 miles of track between Ponce and Port;Ponce.
OFFICERS.— President, John W. Hallowell; Vice-Pres., Chas. D. Wyman; Treas., A. Stuart Pratt; Sec, H. R. Hayes; Transfer Agents, Stone
Webster, Boston, Mass.— V. 74, p. 268, 478.

&

A

^

&

PORT JERV1S, N. Y.
PORT JERVIS ELECTRIC LIGHT, POWER
GAS & RR. COOrganization— Is a consolidation in 1901, of the Port Jervis Eleo&

in-

;

Bonds—$100,000

Date.

name

In Nov.. 1900,

& Power Co.,

&

Int. at

BONDS—

Stock, $295,000 ($100)
1st mortgage, $300,000
o*
($1 ,000) gold

trio Street Ry. Co , the Port Jervis Light
vis Gas Co. and the Deer Park Eeotrlo Co.
Date.
Interest.
Stock
Bonds—

crease stock from $200,000 to $300,000. V. 79, p. 1267.
Malurxly.
Date. Interest. Outstanding.
Stock
BONDS—
$250,000 1904-05,6%
Stock, $300,000
U00.000 Julyl,1923
New 1st mortgage, gold, ) 1904 4g. J-J
$200,000
Slnt.at Berkshire L. &Tr.Co., Pittsfleld.Mass.
$50,000
Floating debt Sept.30, '05
Road— Owns 29-36 miles of track. An extension to Hinsdale is
completed and is now in operation.
Earnings.— For year ending Sept. 30, 1905, gross, $161,595 net,
$46,527; taxes and Interest, $18,392; dividends (6 p. o. on $250,000),
$15,000; insurance, $8,073; park expense, $2,260; bal., sur., $2,852.
OFFICERS. -Pres., Joseph Tucker; Treas., Charles E. Merrill; Seo'y,
J. M. Stevenson.— V. 74, p. 1253, 1309; V. 75, p. 78; V. 79, p. 1267.

...

Pembroke and Kingston. In
Plymouth & Kingston Street

Ry. and the Brockton & Plymouth Street Ry., and
changed as above. Franchise perpetual.

&

&

St.

to operate a railway in the towns of
Sept., 1900, was consolidated with the

1905
1904

PITTSBURGH & ALLEGHENY VALLEY
RY.-A trolley road.
Incorporated In Pennsylvania as a consolidation In

miles of track; rail, 50 lbs. T< Prest E. N. SanderL. Pattison; Treas. and Gen. Mgr., A. E. Reynolds.
,

W.

son; Secretary,

,

OFFICERS -Chairman of Board, E.

n. y.

road.
PLATTSBURGH TRACTION 1896. -A trolley stock,
CO.
capital
Organization, Etc.— Chartered May 27,

the Port Jer-

Outstand'g.

Maturity.

Stock, $450,000. $100
1st Mortg'e, $450,000
($1,000) gold
o*

$450,000
1902 5 g. J.-J.
)
275,000 Jan. 1, 1932
S Int. at Knickerbocker TrustCo.,N. Y., Trustee.
Bonds— Of the authorized issue of $450,000, $175,000 are reserved

for extensions

and improvements at the rate of 85%

Road— Operates 4^3

miles of track, 60-lb.

oity with light.

T

rail;

of cost.

6 oars. Supplies the

Earnings.- For year ending June 30. 1905, gross, $11,043; def. from
oper., $1,954; other inc., $3,813; fixed charges. $10,491; def., $8,632.
OFFICERS— Pres., D. H. Thomas; Vice-Pres., J. M. Fitzgerald; See
and Treas., O. R. Horn. 26 Cortlandt St., N. Y. Jity.—V. 74, p. 380.

PORTLAND, ME.
PORTLAND RAILROAD.-Trolley.
Organization— Chartered March, 1863, under laws
trols Portland

& Cape

Elizabeth Ry., Cape Elizabeth

of Maine.

St. Ry.,

Con

Portland

& Yarmouth Eleotrio Railway and Westbrook Windham & Naples.
Praotically all of the capital stock of those companies together with
the entire issue ($35<»,000) of first mortgage bonds of the Portland &
Yarmouth Electric Ry., has been pledged as seourity for the consolidated mortgage bonds of the Portland
Miles. Date. Interest. Outst'ng. Maturity.
Stock
Bonds—
8tk.auth.$2,000,000, $100 ....
F.-A. $1,999,592 Feb.,'06,lia
Port.RR.lst M. $500,000 gl6ifl 1893 4iag.M-N 500,000 May 1, '13
Portl. & Cape Eliza. 1st) .... 1895 5 g. M-N 400,000 Nov. 1, '15
M. $400,000 g. ($1,000) 5 Tnt.at American L.& Tr.Co.,Boston, trustee
Port. RR. 1st con, $3,000,000) 1901 3^g.J-J
1,350,000 July 1,'
($1 ,000 & $500) gold
o" S Int. at Portland Tr. Co., Port., Trustee.

&

RR

STREET RAILWAYS.

80

Bonds— Of the authorized issue of $3,000,000 consols, $1,000,000
»re reserved to retire $900,000 prior liens and $650,000 are held for
extensions Bonds ran be ruin « at par on any interest date after July
1, 1931. V. 73, p 139. Portland RR. Co. guarantees the Interest on
the $400,000 bonds of the Portland <fe Cape Eliz. Ry., but not principal.
'94=
'95 '96 '97 '98' 99 1900' 01 '02 '03 '04 '05
Dividends—
\
3
3
Percent
5
\ 3 Aug.
Road Operates about 100 miles of track, including a line from Portland to Yarmouth, a line from Portland to Cape Elizabeth and exten-

66666

—

633

sions to Saco and to Old Orchard Branoh.

Annual Report — For the years endinsJune 30
& Yarmouth Electric Rv:

as below, not Includ-

ing the Portland

1904
1905.
1905.
1904.
$59,922 $59,919
Gross earns... $7/4,798 $732,968 Dividends
Net earnings. 17H.601
186.401 Surplus for year. 11,039
26,304
'107,640 *100.178| "Inoludes taxes <fe park expenses.
Interest
OFFICERS— President, Chas. F. Llbby; Secretary, Treasurer and Purchasing Agent, E. A. Newman. Office, Portland, Me. V 73, p 139.

A

8

:

I

Vol. LXXXll.

Bonds— Of

the lstmtge bonds of 1903 $200,000 are reserved to ret ire
of 1897, which are to he called at 105. The 1 U03 bonds
oan be called after 1913 at 105 and interest. The new 2d mtge. bonds
can be called at par at any interest period
Earnings For fiscal years ending June 30
Gross
Set.
Fixed charges.
Su-plus.
$19,OU2
1904 5
$145,0' 1
$36,4'
$55,410
1903-4
:-0,264
50.402
i4-M*50
20,138
Road— Operates 42 miles of track connecting Portsmouth, Dover,
Kittery, \r ork and South Berwick: 46 cars. Also owns ferry to Portsmouth; 1 ferryboat ami 1 steamboat.
OFFICERS— President, John F. Hill, Augusta; Vice-Pres. and Treas.,
E. Burton Hart Jr.. New York; General Manager, W. G. Meloon, Portsmouth. N. H.— V. 77, p. 251.
1st

mtge bonds

—

I

|

PORTLAND & BRUNSWICK ST.

RY-

CO -

Organization— Incorporated in Maine on April 22, 1901.
Maturity.
Date.
Interest. Outstanding.
Stock
Bonus.—
Stock, ¥300 000 (*100) ..
$300,000
Mar. 1, 1922
let inort. $2 '5.00O, g. i 1902
5 g. M-S
225,000
($500 and $1 OOOi o s fnt. at Augusta Trust Co., Augusta, Trustee.
Road Owns road, 15-4 miles long, Brunswick to Yarmouth through
Freeport (including seoond track, 16 miles): 60 lb. T rails. An extension to Portland, 1 > miles is proposed. 10 cars.
Earnings— For vear ending June 30, 190i: Gross, $42,604; net,
$14,017: interest, taxes, etc., $12,450; surplus, $1,56 '.
Officers- President, E J. Lawrence; Clerk, Herbert M. Heath;
Treasurer, Cyrus W. Davis; Manager, Amos F. Gerald.

&

.

—

PORTLAND, ORE.
PORTLAND RAILWAY CO.-A
Oregon

trolley road.

on Oct. 13 1905, as sucOrganizati N -Incorporated in
cessor to the Portia ud Consolidated Ry., which latter was a consolidation on Oct. 1. 1904, of the City & Suburban Ry and the Portland
Railway Co. Franchises expire in 1932.

Stock & Bonds—
Common. $4,000,000, $100
Pf.
1st

Date.

5%mn.,$3.O<O.000,$100
and ref.M., $10,000,000

Interest. Outstand'g,
$4,00<>

Maturity.

2,5*0,000

5g M-N 5.982.000 Nov. 1,1930
gold ($1,000), s. f
...
c*^ Int. at New York Trust Co., Trustee
Willamette Bridge Ry., 1st < 1889 6 M-S
100,000 Mar. 1,1914
mortgage. $1,000 each
t Int at Am. Loan & Tr., Boston, Trustee.
City <fe Sub. consol. M., not S 1891 6g.M-8
87,000 Sept.1,1916
subj. to call, $1,000 each.g. < Int.at Sec. Sav.& Tr.Co., Portland.Tius.
1.290,000 June 1,1930
City & Sub., new mort., $3,- ( 1900 4 J - J
1905

S

^ Interest at Security Sav'gs <fe Trust Co.,
at par aft. June 1, '15..c*g. ( Portland, Trustee.
Mult'mah St.Ry. 1st M.g. > 1890 6g. J-D
126,000 June 1, 1910
Gold
o* 5 Int. at Am. Tr. <ft Sav. Bank, Chicago, tr us

000,000($l,000)sub. to call

Bonds Of the $10,000,000 new bonds, $1,603,000 are reserved for
and $2,415,000 for addition* and extensions at 80 p. c. of
A sinking fund commences in 1907; the amount is $25,000 ner
annum from 1907 to 1909 inclusive; $40,000 per annum from 1910
to 1919 inclusive, and $60,000 per annum jrom 1920 to maturity of
bonds; said funds to be invested m the bonds a*; not more than 105
and interest, at which price bonds can be called for the purpose. See
prior liens
cost.

V. 81, p. 1437.

Earnings.— For year ending Dec.
Tear.

Ope.", exv.

$1,021,448
792,746

xThe Lewis & Clark Exposition in Portland
abnormal growth

Road— Operates

Phila.: Secretary

in

Net.

x$S22,115
469,859

1905 was responsi-

in earnings.

113 miles of track in Portland and vicinity.

2b5 cars.
OF-ICER*— Pres.,

F.

&

Has

I. Fuller, Portland; Vice-Pres., E. W. Clark Jr.,
Treas., C. N. Hnggins, Portland —V. 81, n. 1316,

1437,1611,1666,1724.

OREOON WATER POWER

& RY. -Steam

Organization— Organized in Oregon on July

1,

electric railway.

•

and

1902, as successor to
Oregon Ry. Franchises in Portland are perpetual;
the Portland (Jity
others mature in 1945. Carries freight as well as passengers.
Dale.
Interest,
tjutswnd'g.
Maturity.
Bonds—
Stock
Stock. $2,000,000 ($100)
$2,000,000
Port, Citv&Ore. IstM., J 1901
6 g. F-A
500,000 Feb. 15, 1921
$5OO,OOO($l,00O) g *c < Int. atTr. Co. of A.mer.. N. Y., Trustee.
6 g. J-J
Ore.W.P&Ry.l'tmtg.,J 1902
3,910,000
July 1, 1932.
$5,000,000 g. ($1,000)0* I Int.at Land Title & Trust Co., Phila., Trustee.
Bonds— Or the new 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 per cent of net earnings, after deduction of interest and taxes, each year after July 1, 1907. V. 81. p 156. The Portland 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 bono s for the first four years and $10,000 thereafter
becomes operative on Feb. 15, 1907
EARNINGS-For 1904: Gross, $368,307; net, $176,994.
Road— Operates 67 miles of road and 87 miles of track on the east
side of the river, inciuumg the line above Oregon City (Falls of Willamette River) to Canemah, and branches to Mount Tabor. The line to the
East Side Reservoir ana to Mount Scott, Gresham, Boring, Barton,
Eagle Creek, Currinsville, Estacada and Cazadeio, is all completed.
An extension from Gresham to Troutdale. 7*2 miles, will be completed
about July 1. 1906. Is building a power plant ou the Clackamas River
near Cazadero with a capacity of 20,000 h. p. Is expected to commence operations about May 15, 1906. Operates 28 motor passen
ger cars, 30 trail cars, 128 freight cars, 7 electric locomotives and 12
other cars.
OFFICERS— President, W. H. Hurlburt; Vice-Pres., J. Frank Watson;
Secretary, W. T. Muir; Treasurer, Fred S. Morris.— V. 77, p. 1294; V.
81, p. 31, 156.

&

&

PORTSMOUTH,

:

<

&

—

(1)

SCHUYLKILL ELECTRIC RY— A trolley

N. H.

road.

Organization—Chartered on Oct. 4, 1889, for 99 years and leased
to the Pottsville Union Traction Co.; franchises perpetual.
Date.
Interest. Outstanding. Maturity.
STOCK & BONDS—

Stock, $650,000 ($50)
let mortgage, gola..c*> 1895

$650,000

6 g.F-A
500,000 Feb. 1, 1925
Int. at Real Estate Trust Co., Phila., trust.

$500,000($500&$1,000 S
(2) POTTSVILLE & READING RAILWAY.— A trolley road.
Organization—Chartered on May 5, 1892, for 999 years, and
leased to the Pottsville Union Traction Co.

&

Bonds—

Date,

Interest.

Stock, $100,000 ($50 par)

(irons.

sible for the

incorporated at Hairisburg (charter perpetual) for the purpose of
consolidating the following lines, which are operated by virtue of
control of stocks and of leaseholds Schuylkill El. Ry. Co., Pottsville &
Reading Ry. Co., Tamaqua & Pottsville Electric RR., Schuylkill
Haven & Orwigsbnrg St Ry., Coal Castle Electric Ry., People's Ry.
Company of Pottsville, and the Port Carbon AMiddleport Electric Ry.,
comprising the electric railways of Pottsville, Yorkviile, Minersville,
Palo Alto, Belmont, Cumbola, Mount
arbon. Port Carbon, Saint
Clair, New Philadelphia, Middleport, Schuylkill Haven, Adamsdale,
Orwigsburg. Coal Castle, Glen Carrion, Tumbling Run.
Interest.
Outstand'g.
Maturity.
Date.
STOCK
BONDS—
Stock, $50, full paid
$1,250,000
1st M., $1,250,000 gold. J 1899
5 g.M-S
1,129,000 Sept. 1,1929
$500 and $1,000. ..o* t Int. at Real Estate Trust Co.. Phila., trustee.
Bonds— Of tne $1,129,< 00 issued, $750,000 were reserved to retire
bonds of leased companies, as given below. Of the $750,000 leased
line bonds,$356,000 have been acquired and are held in trustee's
hands, viz.: $205,000 Schuylkill Elec. Ry.; $1,000 Pottsville & Reading Ry.; $60,000 (total issue) Schuylkill Hav. & Orwigsb'g Ry.; $30,000 (total issue) Coal Castle El. Ry. and $60,000 (total issue) Tamaqua & Pottsv. El. Ry.: for the $394,000 still in hands of investors an
equal amount of 1st M. 5s is held in escrow. The $121,00' bonds unissued are reserved for acquiring additional mileage and necessary
equipment for same.
Report— For vear ending Deo. 31, 1905, gross, $251,122; net,
$115,65i; fixed charges, $8-. 159; surplus, $i7,4*2.
Road Owns and operates 42*2 miles of track; standard gauge,
60-lb. T and 7o-lb. girder rails; operates 38 motor and 17 trail cars,
1 snow-plow, 1 snow sweeper, 2 work cars.
OFFICERS— President, Clarence P. King; Vice-Pres., Thos. B. Prosser; Secretary, William C. Pollock, Jr.; Treasurer, Jos. B. Hoellman;
Supt., D. J. Duncan. General office, Pottsville; President's office
Room 1 309, Real Estate Trust Building, Philadelphia. —V. 69, p. 441.

Stock

31:

x$l. « 4 3.f-«3
1.262.605

1905
1904

POTTSVILLE, PA.
POTTSVILLE UNION TRACTION.-Trolley.was
Organization— On May 15,1899, the Pottsville Union Traction

1st

M.

gold, c*

$100,000

)

1895

6g.

F-A

Is

Maturity.

Outstand'g.

$56,600
100,000

Feb.

1,

1925

$Int. at Real Est. Tr.Co., Philadelphia, Trus.

($1,000)

(3) TAMAQUA & POTTSVILLE ELECTRIC RY.—A trolley road.
Chartered on May 5, 1892. Franchise, 999 years. Stock authorized
$60,000 (par, $5( ); outsi anding, $60,000. Bonds, 1st M. 6 p. c, 1895,
due 1925. $250,000 authorized, *60,000 outstanding; all in hands of
trustees of Pottsv. Un. Tiac. 1st mort. bonds.
(4) SCHUYLKILL HAVEN & ORWIGSBURG STREET RY.—
trolley road. Chartered on March 4, 1898. Franchises perpetual.
Stock authorized, $60,000 (par, *50); outstanding, $30,000. Bonds,
IstM. 5 p. c, 1898; due 1928; $60,000 authorized; all issued and all
in hands of trustees of Pottsv. Un. Trac. 1st mort. bonds.
(5) COAL CASTLE ELECTRTC RY.— A trolley road. Chartered on
March 10, 1899, for 99 years. Stock authorized, $30,000 (par, $50),
outstanding, $15,000. Bonds: 1st M. 5 p. c, 189^, due 1929; $30,000
authorized; all issued and all in hands of trustees of Pottsv.
1st mort.

Un Trao.

bonds

(6) PEOPLE'S RAILWAY— Leased to Pottsv. Union Traction Co.
(7) PORT CARBON & MIDDLEPORT EL. RY. CO.— A trolley road.
Chartered July 6, 1-98, for 999 years. Leased to the Pottsville
Union Traction Company. Stock authorized, $100,000; $50 per
outstanding, $93,000.
share;
No bonded indebtedness. Road
extends from Port Carbon to Belmont, Cumbola, New Philadelphia and
Middleport; a total of 5 7 miles of road.
-

POUGHKEEPSIE,

Y.

N.

POQGHKEEPSIE CITY & Y-A trolley road
RA1 1894. on Keo 11, 1906,
FALLS ELECTRICMarch *2,LW AWAPPINGERS
Organization.— chartered

fire

destroyed the power

STOCK

& BONDS —

\

lant and all except one of the cars
Dale.
Interest.
Ouisiantl'y.

V. 82, p. 393.

Maturity,

8t'k,$750,000,par$100
$750,000
5 g. J-J *
404,000
July 1,1924
1st M. gold $1,000 s. f. < 1894
no opt ,$500,000.c*. } Cent. Trust Co., N. Y., Trustee. Int. in N.Y. City
Bonds- The bonds are limited to $25,000 per mile of completed
trolley road, $10,000 of this being issuable when track is laid and remaining $15,000 when equipped with trolley. No bonds can be issued
in excess of $500,000 " until the stockholders of this company shall
oonsent to such excess in the manner provided by the laws of the State
of New YorK." Sinking fund, beginning Jan. 1, 1897, equal to 1% of
the "bonds issued hereunder"; bonds purchased at not exceeding 110.
ROAD— Owns 1560 miles of road; second track, 1-14 miles sidings,
•59 miles; total, 1733 miles of track. 24 cars.
Earnings— Y'ear ending June 30, 1905, gross, $103,350; net, $28,237;
charges, $32,971; deficit, $4,734.
;

PORTSMOUTH DOVER & YORK STREET
road.
RY-A

Officers- President, J. W.Hinkley, 489-493 Main St.. Poughkeensie,
N. Y.; Sec. and Treas., Silas Hinkley, Poughkeepsie.— V. 82, p. 393.

ORQANIZATION-This is a consolidation on July 1, 1903, of the Portsmouth Kittery & York St. Ry., the Berwick Eliot & York St. Ry. and

PROVIDENCE, R.
RHODE ISLAND SECURITIES COMPANYIncorporated
New

trolley

the Kittery

Stock

&

& Eliot St.

Ry.

Bonds—

V. 77, p. 251.

Date.

Interest.

Outstanding,

Maturity.

8tock, $650,000 ($100).

$650,000
1903
450,000
4H> J.-D.
1923
1st mortge. $650,000 \
State Street Trust Co Boston Trustee.
2d M. & ext.. $60,000... 1905
5
60000 April 1, 1925
P. K. &Y. St. Ry. 1st)
1897
6 g. M.-S.
200,000
1917.
M., $200,000. gold
($500 and $1,000)... Int. at Waterv. Tr. Co. Waterville. Me., Trustee
Notes payable June 30, 1905
13,000
.

,

,

I.

in
Jersey in June, 1902, for the purOrganization—
pose of uniting under a single management the street railway, gas and
electrlo-light properties of Providence and vicinity. The Rhode Island
Securities Company owns all the stock ($5,031,000 f. p. $100) of the
"Rhode Island Co." (V. 74, p. 884), a corporation created in 1902 by
8peclal Act of the Rhode Island Legislature.
Leases for 999 years
have been made by the Union Railroad Co., the Pawtucket St. Ry. Co
and the Rhode Island Suburban Ry. Co., to The Rhode Island Co., for
rentals of such amounts that the United Traction & Electric Co., the
.

STREET RAILWAYS.

Feb., L906.

81

of The shares of the throe Leasing companies, Is enabled to pay
on Ita bonds and dividends of "> per cent on Its stock. The
United Gas improvement Co. of Philadelphia, promoted the undertaking and guarantees these rentals until $4,000,000 shall have been
expended for extensions and new property. Stockholders of the
Traction Co. on Aug. 1, 1902, received 25 shares of Rhode Island
Securities stock for every loo shares of Traoiion stock held. The
Rhode Island Co. has no bonds.
Dale. Interest. Outstanding. Hilarity.
Amount* nuthorizfd—

Maturity.
OuUtand'g.
Dale.
Interest.
Stock &, Bonds—
$1,000,000
stock.$l. 000,000, $100
May 1, 1931
1901
5 g., M-N
600.000
1st Mtge., $600,000, /
..
s Int. at Industrial Trust Co., Providence, Trustee.
gold ($1,000)
*77.325
Floating debt June 30, 1905
Bonds.—No sinking fun<i. and are not subject to call.
Earnings For year ending June 30. 190^>, gross, $34,307; net,$14,414; fixed charges. $31,807; deficit. $17,393.
Ro«D. — Operates trom Providence, R. I., to Danielson. Conn., 36'63

$12,000,000
3.500,000 Aug. l, 1932

OFFICERS —Pres., James H Morris. Phila; V.-P. ,D.F. Sherman; Sec.
Franklin A." Smith Jr.; Treas., Geo. W. Prentice; Supt., J. E. Thielsen

owner

its Interest

Stock. $'.'0.000. 000 ($100)
Bonds, Ber. A $5,000,000,
sinking fund 1% yearly

....

.

(

1902

4

s

Bond-, Sor. :.$• 5000,000, > 1902
None
1032
5
s
no sinking Inud..
Bonds The bonds and stock above reported outstanding were issued
against the lease of the United Trac* El Co. The remaining stock and
bonds can be issued only upon acquiring, by lease or otherwise, the
gas and electric light properties V. 74, p. 578. 884, 1090, 1 140.
Earnings— ( >f the Rhode Island Co the nion RR th~ Pawtuoket
Ry. and the Rhode island Suburban, for the fiscal year ending ume 30
1905, gross, $3,242,972; surplus above charges, $126,011.
OFFICERS of Rhode Island Company— President. Mart-den J. Perry,
Providence; Vice-Pres.. Albert T. Potter, Providence; Randal Morgan
and Walton Clark, both of Philadelphia; Sec. and Treas.. Lewis Lillie
Philadelphia; Ass't Treas.. Cyril A. Babcock, Providence; As«'t Sec.
and Compt r., Walter R. Elliott. Providence; Gen'l Mgr., A. E. Potter,

—

I

-

.

,

Providence—V.

75, p, 78; V. 76, p. 543.

PROVIDENCE-PAWTUCKET-RHODE ISLTRACTION &
AND SUBURBAN RY.-UNITED and the Rhode ELEC.
Ry. Co.
Island
the Pawtucket
RR.

St.
Co.,
The Union
Suburban Ry. Co. have been leased for 999 years from July 1. 1902,
amount of rental permitting the United
to the Rhode Island Co. for an
Trao <k Electric, the owner of th« shares of the three leasing companies, to pay its yearly fixed charges and dividends of 5 per cent on
its stock. The rental is guaranteed in the way mentioned above by
The United Gas Improvement Co.
Organization United Traction dt Electric Company, chartered in
New Jersey, owns the Union Railroad Company of Providence, the
Pawtucket Street Railway Company and the Rhode Island Suburban
Railway Company, and thus controls the entire street railway systems of the cities of Providence, Pawtucket and Central Falls, and of
the counties of Kent, Washington, Bristol and Providence.

STOCK

&

BONDS—

Date.

C

Outstanding. Die., Mat., Etc.
$8,000,000 Jan., 1906, 114%

Interest.

5Q-J

Stock

C (
e T &
8,894,000
g. M.-S.
p rn ^ X' p?w "is ;n'e^ 1893 5 at CeUtral TrUSt
In ' ereSl
°°1st (coif, M. $l,00S?g S
1

Mar. 1, 1933
N Y - TrU8t6e
Dividends— In July, 1897, the company began paying quarterly
dividends at the rate of 2 p. o. per annum. This was gradually increased to 1 p. c. quarterly Jan., 1899, which rate was continued until
Oct. 1, 1902, when 1*4 p. c. was paid. In 1903, 5 p. c. was paid; in
1904, 5 p.c. In 1905, 5 p. o. In 1906. Jan., 1H P c.
.Bowda-Total Issue limited 1o $9,000,000, of which $8,000,000 were
originally issued to purchase and equip the properties. By the terms
of the mortgage the additional million was reserved to pay for new
track, which must be laid within 18 miles of the City Hall of Providence, R. I., for which bonds can only be issued at cost, but not exceeding $12,000 per mile of such new track including equipment; $894,000
of bonds had been issued up to latest dates.
Securities Pledged.—The bonds are secured by the pledge of the
following securities deposited with the Central Trust Company of
New York as trustee of the bondholders; all of the $9,000,000 capital
stock of the Union RR. of Providence, all of the $500,000 capital stock
of the Pawtucket Street Ry. (no bonds) and all of the $3,000,000 first
mortgage bonds of the Union RR. of Providence, and, through the
ownership of the Union Railroad Co., $299,800 of the $300,000 capital
stock, being all but two shares, of the Providence Cable Tramway Co.
(no bonds). The Providence Cable Tramway Co. is leased to the Union
Railroad Co. for 50 years for 6 per cent on its capital stock.
Treasury Securities—The United Traction <t Electric Co. has in its
treasury the entire capital stock ($5,000,000) of the Rhode Island
-

Suburban Railway Company.

Road.—All the above-described roads, 345 miles, are now operated
by electricity.
OFFICERS— President, Benjamin A. Jackson; Vice-President, Arthur
H. Watson, Providence; Treasurer and Secretary, Cornelius S. Sweetland of Providence.— V. 75,

(1) R.

I.

p. 78; V. 81, p. 17^5.

SUBURBAN RY.—A trolley

road

Organization— Chartered June 2, '99,by the Legislature of the State
of Rhode Island with power to oonstruct.purchase, lease or operate trolley roads in any part of the State except Newport County. By the
terms of its charter it is vested with the power of eminent domain, and
the right to transport passengers, freight, express matter and United
States mail in any territory where it is authorizea to do business.
Date.
Interest. Outstand'g.
Maturity.
STOCK & Bonds—
$5,000,000
Jan.1,1950
4,617,000
« &i.,!t.&,ooo,oou...c S Union Trust Co., Providence, Trustee,
'v^nnnnnn «*'
p.
£
Int. at office of the Ry. Co., Providence.
The United Traction & Electric Co. owns the entire capital stock,
and guarantees 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 first mortgage bonds of the
Pawtuxet Valley Electric Street Railway Company and $70,000 6 p. o.
gold first mortgage bonds of the Cumberland Street Railway Company, the former Issue being guaranteed, principal and interest, by
the United Traction & Electrio Company, which guarantees the payment of the interest on the Cumberland bonds.
Securities Pledged—The bonds are secured by a mortgage on all
the property 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 tbe Pawtuxet Valley Electric Street Ry.
Co.: and 5,000 shares of the Barrington 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 has, including the several divisions built in the highways, a total of 7 38 miles of traok.
Stock, $5,000,000
1st
s CR10001 jruar^