Full text of Commercial and Financial Chronicle : February 25, 1882 : Investors' Supplement, Vol. 34, No. 870

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rpMMERCIAL
of Congress, in the year

[Entered according to act

NEW

flNANCIAL QhROWICLE.

1832. by Wsr. B. Dana & Co., in the office of

YORK,

or

the decline is caused

whether there is

yet had information, and which will eventually cut
In the case of Wabash preferred there was
lack of funds and the dividend was passed, which was a

off dividends.

^financial (£ljromdc.

contains a complete exhibit of

some

by bearish force in the market, or
inside weakness of which the public

has not

Tim

a

more

The Supplement

the Librarian of Congress, Washington, D. C.l

FEBRUARY 25, 1882.

SUPPLEMENT

INVESTORS’
(£ommmtal

&

the Funded Debt of

Cities, and of the Stocks and Bonds of Railroads and
Companies.
It is published oil the last Saturday of every
States and

other

other

practical

difficulty than any imaginary conflict
Humphrey. When Tennes-

between Mr. Gould and Mr.
sees

sold off it had leaked out to some one

that the decis¬

ion of the court would be against the bonds, although that
April June, August, October and December.
It is furnished without extra charge to all regular subscribers of
decision was not made public for some five days afterward.
the Chronicle.
Single copies are sold at $2 per copy.
This week the decline in stocks has every appearance of
WILLIAM B. DANA & CO., Publishers,
79 <£• 81 William Street.
being decidedly speculative, and some of them look like a

month—viz., February,

good purchase to hold. But the Investors’ Supplement
INVESTMENTS—JANUARY AND FEBRUARY. speaks only as an outsider,—it pretends not to the informa¬
tion of a director, nor even the brother-in-law of a director.
The first two months of the current year have not wit¬
nessed that general demand for investment securities which
As to the material circumstances bearing upon the
is almost invariably seen in January and February.
Money has been reasonably easy, and the lack of invest¬ actual value of railroad property, the situation is much
ment purchases is hardly accounted for unless we take better than the stock market would indicate.
The com¬
the state of the markets at home and panies are greatly favored by a mild winter, which is in
into consideration
abroad. It is too well known that London and the Con¬ striking contrast to the severe winter of 1881, and the
tinental exchanges have not wanted American securities difference is shown not only in their increase of gtoss
since the first of January, but on the contrary have been earnings, but is still more implied in a presumptive
sending home some of those which they already held, larger increase of net earnings, which the companies do
while in our own country the declining stock market has not generally publish.
The improvement will go far to
kept the attention of operators well occupied. If they remedy the loss of tonnage arising from the smaller crops
carried stocks on margins, they have had enough to do to in 1881 than in 1880.
The increase in general business,
keep those margins good ; and if they were investors both freight and passenger, is also quite remarkable.
waiting to purchase, the market has been in such a con¬
dition as to promise lower prices ahead.
The fluctuations in stocks have puzzled some of the
experienced brokers, and in taking a general view of
the matter the Chronicle last week stated that some large
blocks of different stocks have come here from abroad
during the past month, and as these were dumped on a
market which was already pretty well loaded up, the
effect was undoubtedly greater than it would have been
under other circumstances.
Then we have had serious
most

of this condition of affairs it results
that prices of railroad bonds have not, as a rule, advanced
much this year, and most of the popular issues can now be
had at prices no higher than in December, and not a few
bonds are lower.
Reference is here made to the long list
As

a

consequence

of bonds

published in the December Supplement, with the

interest per annum yielded by each, and this, in
with the latest prices given in the Chronicle

connection
of to-day,

guide to present investment
purchases ,as it is practicable to give in a public journal
dealing only with matters of fact.
will furnish

as

much of

a

What of the recent stock decline ?

This week

a prom¬

specialties among the active stocks and
bonds, which have exerted more or less influence on the
whole list.
The first of these was Wabash, which fell off
so sharply near the end of December ; and since then the
Denver & Rio Grande, Louisville & Nashville, C. C. & I.
C. stock and bonds, Boston Hartford & Erie bonds, Ten¬
nessee bonds,
American District Telegraph, and some
other speculative favorites, have fluctuated so widely as to
exert a bad effect on the rest of the market.
The bear
element has also been active and ready to take "quick
advantage of any weak spot that was assailable, and the
question arises whether the heaviest bull operators have
not recently let the market take its own course for a
while, seeing that no buoyant movement was possible
until a considerable liquidation in stocks had first taken

breaks in certain

stock—Denver & Rio Grande,—
stock—Louisville & Nashville—
per
have sold down to very low prices.
The question nat¬
urally arises whether those stocks, at such prices, were
not a
good purchase to hold for investment. In reply to
this question it is but a truism to remark that such stocks,
knocked down by speculative influences, are an excellent
purchase, if they are going to keep up their dividends in
the future.. On this point turns the whole inquiry. Whether place.

inent
and

seven

a




six

per

cent
cent

INVESTORS’ SUPPLEMENT.

11

t

.

RAILROAD

INVESTMENTS AND

RAILROAD

REPORTS.

railway question, so called, is one of the grave
problems of the day. The interests involved are enormous,
and from the different points of view they are somewhat
conflicting and difficult to be reconciled. How to main¬
tain the rights of individuals and the State, while at the
same time guarding against an infringement of the rights
The

“

corporate property and an impairment of the usefulness
of the railroad system, is a question that has not yet

of

thoroughly satisfactory answer.
But while the general relations between the State and
railroad companies form a subject so broad and complex
that it will occupy the attention of legislators for years
to come, there seems to be one phase of the question that
is tolerably clear to all those who are inclined to take a
received

a

fair view of the situation.

1

[Vol. XXXIV.

extraordinary emergency of war, famine, or the like, it is
improbable, and undesirable, that States should again
become large borrowers.
Cities and counties also are
less extravagant than in former times, and are
reducing
old loans and putting forth sparingly new ones.
As to
townships, the lesson of economy and frugality enjoined
by the panic of 1873 has had a good result and is still
bearing fruit.
To real estate loans the great objection is the expense
and trouble entailed upon the lender.
In the majority of;
cases one can know nothing, without investigation, of the
property upon which the money is to be placed. We inav
be thoroughly conversant with the status and condition of
the property of our neighbor, but beyond that the knowl¬
edge of the average citizen does not go, and the title roust
always be thoroughly examined. The property may he
worth the amount of the loan asked three times over,

We refer to the matter of protection and

self-interest require that it shall be

hut

exam¬

regular, thorough, systematic reports ined all the same. Then, if before the end of the time
operations and financial transactions. when the mortgage expires the holder desires to realize
To * the investing public this information is almost on the principal he can not always find a ready
buyer.
indispensable, and correct and detailed accounts with There is no stock exchange to tell us what our mortgage
reference to railroads, are becoming daily of greater import¬ is rated at, and the new buyer will have to pursue the
ance.
With each succeeding year, the general investor is same rigid course of investigation before he can safely
compelled to rely more and more upon the securities of purchase.
railroad and other corporations, as offering a field for the
A -few years ago it seemed as if in the two important
profitable employment of his surplus funds.
respects of negotiability and the demonstration or proof
Time was when other forms of investment were active of title the main
objections to real estate loans would he
removed ; but this expectation has not been realized.
competitors, and the investor was not confined to this
particular class. These other forms, indeed, are still present Several investment companies were formed with the inten¬
in the market, but they are no longer open to the great tion of
facilitating loans upon such property, by taking
majority of those who would find safe and remunerative upon themselves the work ordinarily incumbent upon the
use for their idle capital.
The investments spoken of are lender, the idea being to reimburse themselves by selling
many of them safe without doubt—so safe, indeed, that the bonds at more favorable rates of interest than the
they yield very little on the principal—and only a very original borrower paid. There were three strong compa¬
limited class can afford to patronize them. But even these nies in New York and one in Boston which undertook this
high-class bonds are fast disappearing, and this tends to business under the most favorable auspices, but after an
advance their prices and lessen still further the yield of experience of some years, it is a sufficient comment on
income.
r
their general success to, say that no new companies of a
In a general way, it may be said that there are three similar sort have been organized.
None of these-compa¬
distinct classes of investments." First, we have the issues nies have proved failures, but the trouble and uncertainties
of bonds by the United States Government and by States, attending the business have been such that there has been
cities, counties and towns, which are wholly or mainly no inducement for other capitalists to enter the same field.
dependent upon the credit and good faith of the borrow¬ And yet the enterprising American “undertaker” will not
ers; then we have real estate mortgages, secured by lien be willing to sit down and say that no practical method
on specified pieces of property and open to the personal
can be devised by which loans secured on real estate can be
inspection of the lender; finally, we have the securities made available and marketable, somewhat in the same way
issued by corporations, wliiclrtake a variety of forms, such that railroad mortgages are. Real estate in the United States
as stock, income bonds,
mortgage bonds, &c. The first forms the soundest and most extended basis for loan
class are unavailable, as already suggested ; the second security of any class of property in the world, and in
class have not a few points in their favor, but they labor the course of time some plan will probably he reached by
under many disadvantages otherwise, and are largely which investors can buy and sell real estate securities with
restricted within local boundaries ; the third class is the all the ease, and with far greater safety, than they
can now
one that composes the bulk of investment securities.
deal in bank or railroad stocks.
As a mere suggestion in
As to governments, every one is familiar with the large this direction, let us suppose that a strong guarantee com¬
reduction which the aggregate of our national indebted¬
pany took mortgage loans at 5@6 per cent and none for
ness is
less than ten years or less than $5,000 in one loan; that
Very few, however, realize the'
undergoing.
immense displacement of capital that has in this way the
costly process of examining titles was done away with
taken place since the close of the war.
Since July 31, by a system of registry of titles, in the manner that has
1865, we have redeemed fully'bne thousand millions of been proposed by some prominent lawyers, so that £ of 1
our national obligations, and the reduction has recently
per cent in cities or 1 per cent on country loans would
been at the rate of more than 100 millions a year.
No fully compensate the company ; they could then sell these
wonder that with this vast amount of capital set free, rail¬ choice bonds to pay 4
J@5 per cent per annum with an abso¬
road building should have been stimulated to an extraord¬ lute guarantee of principal and interest, or they could hold
inary extent.
State bonds, equally with Government them and sell their own bonds against them'. It would be
bonds, are going out of existence. We find the debt useless to attempt the business on any basis except that of
of New York State, for example, is hardly more than nom¬ making a strictly first-class negotiable security to rank
inal and will soon vanish altogether.
The same may be with Government bonds, city bonds, or first-class railroad
said of most of the Northern States, and except in some mortgages. When a company had thoroughly started the
information—of
to be

•»

f

more

made of railroad




February,

1882.]

INVESTORS’ SUPPLEMENT.

its amount of bonds to $50,000,000
seen that the profit of £ to 1 per
cent per annum would amount to a handsome sum. These
suggestions are entirely crude, and are only intended to

business and rolled up
and upwards, it will be

ill

wards, when the managers had had abundant opportunity
to take advantage of their earlier knowledge and if it
was necessary to
unload their holdings on those still

had taken place.
Now, as the value of the stock or bond of a company is
place before our ingenious capitalists, fertile
dependent upon the course of that company’3 business
resources, the importance of devising some plan to render from month to month, and from year to year, the investor
real estate loans popular and easily negotiable.
who has put his money in the enterprise, and who may
But it is obvious that any changes in respect to real
justly regard himself as a joint partner in it, clearly has
estate laws, the searching of titles, method of loans, &c.,
the right to be furnished with monthly and yearly
belong altogether to • the future, and possibly to the
reports of its condition, &c.
The investing public in
remote future ; and in the meantime the great bulk of
general equally has the right to an acquaintance with a
investments in the United States must be placed in rail¬
road’s doings and prospects, for no one will claim that the
roads. This field is amost boundless, too, in a country of
investor should make his investments blindly ; and what
such extent as this, of such agricultural and mineral
other guide to intelligent action has he than this ?
The
resources, with a thrifty population and immigration from
importance of such information was long since apparent
foreign countries at the rate of three quarters of a million to the
publishers of the Chronicle, and it has frequently
per year. The possibilities of our railroads can hardly be been urged upon the attention of our legislators.
But we
exaggerated, and all that they need is respectable manage¬ have not been content with this. We have done more,
ment, not with secresy and for speculative purposes, but and have set to work ourselves to gather the information
with full information in regard to earnings and financial
so much needed, and the results of our labors are seen in
operations, that every man who buys the stock or bonds the increasing size of our weekly and monthly tables of
can know as much of the company’s standing as the
director who is behind the scenes.
The United Kingdom earnings, which have attained proportions which a few
years ago would have been deemed impossible. These state
has a mile of railroad to every 7 square miles of territory,
ments, however, are far from complete, especially as they
while in the United States we have a mile to every 35
are almost wholly confined to reports of gross earnings alone;
square miles, which alone suggstes what room there is for but the deficiences are to be ascribed to a lack of co-opera¬
further extensions in the future as the country becomes
tion on the part of the railroads. Many difficulties beset the
more thickly settled and the population
more dense. worker in this field. The Stock Exchange authorities
With the opening of additional territory every day in
some years ago, becoming impressed with the necessity of
the year, with the development of mines and the growth of
obtaining monthly reports, sent out circulars and opened
manufactures, who can set a limit to the future expansion
book with the purpose of collecting the figures, but the
of our railroad mileage, or say that there is not a legiti¬
attempt signally failed; and the requirement that every
mate use here for all the surplus capital that the country
new company admitted to the board should furnish such
can command ?
It is possible that railroad building at
monthly returns, if it still exists, is now, as it has always
any one time may assume greater proportions than imme¬
been, a dead letter. That better success has attended our
diate needs really warrant, but this remedies itself in a
own efforts is due to the large amount of time we have
short time and the new territory grows up to the needs of the
given to the work, and the steady persistence with which
railroads, and many of the companies that became bankrupt
have followed up the matter and pressed the officials
after 1873 are now earning a handsome interest on their cost.
for information.
Thus it will be seen there is little likelihood of a dearth of
But while private enterprise may do much, it can not
investments in railroads.
Still less likelihood is there
do all.
that this class of investments will fall into disfavor.
On characterClearly the time has come when reports of this
should be made compulsory upon the railroads.
the contrary, what with the extinction of Government and
Clearly, also, it is within the province of the legislatures
State bonds, and the immense field for the extension of
of the States to compel the railroad corporations to render
our railroad net work, there is every probability that the
stated accounts of their business and finances, and to pro¬
bonds and stocks of railroad enterprises will grow in
vide for an adequate system of penalties to be enforced
But this only more strongly em¬
public estimation.
against all companies that fail to comply with such a pro¬
phasizes the necessity for increased and extended infor¬ vision of law. However men may differ as to the extent
mation.
With a nation, a ■ state, or a city, official
to which it is lawful for the State to interfere in the
statements are not more imperatively required.
Facts
management of the roads within its borders, all are agreed
and figures- at stated periods are essential to a correct
that corporations are subject to reasonable supervision and
knowledge of their affairs, but there are other ways in
regulation; and who can fairly claim that to require speci-.
which one can keep track of their doings, and gain a
fied returns at regular periods is not reasonable ? Without
tolerably fair idea of their condition from time to time.
Not so with railroads.
There are a thousand influences regard, then, to regulating passenger and freight rates or
other similar matters, let all forces unite upon this one
acting upon railroads, the effects of which can not even
point and carry it to a successful issue, that at least we
approximately be measured except by watching the
may have some clear information as to what the railroads
returns.
General prosperity or general adversity is of
are actually doing.
course a factor affecting all roads, the difference being
It is not the province of a brief article like this to sug¬
only in degree ; but it is not this alone that tells. Special
gest the details of a form of monthly reports which the
influences, or special conditions, having an important
legislatures should require the railroads to make, but it is
bearing upon a road’s present or future prosperity, may sufficient to say that it should be brief and clear, and
arise, the full import of which, as appears in the road’s
among other points should give (1) the gross earnings, (2)
exhibit of its business and profits, the investor is entitled
to know at the time of occurrence.
For instance, the* operating expenses, (3) net earnings, (4) total net income, (5)
monthly charge for interest, rentals, leases, and other
snow and ice of last winter and the floods and freshets of
fixed or declared payments; (6) new issues of stock
the spring greatly increased the ordinary expenses of
or bonds
made, (7) increase or decrease of floating
operating roads, but the public were not permitted to
debt, &c.
know the full measure of the loss until a long time after-




ignorant of what

in all

a

we

INVESTORS’ SUPPLEMENT

IV

INDEX

TO

NAMES

OF

tyOL. XXXIV.

RAILROADS.

To facilitate reference to the former name of any company that has been consolidated or
is

kept

up :

;..Selma Rome A Dalton.
Improvein’t Co.. .Central of New Jersey.
Androscoggin A Kennebec
Maine Central.
Arkansas Valley
Denver A Rio Grande.
Atoliison A Nebraska
Chicago Darlington A Quincy.
Atchison A Pike's Peak
Union Paeilie, Central Branch.
Alabama A Tennessee River

American Dock A

Atlantic A Great Western
Atlantic A Gulf :
Atlantic Mississippi A Olno
Atlantic & Pacific
Baltimore Short-Line

New York Pennsylvania A Ohio.
Savannah Florida tfc Western.

.<

Norfolk A Western.
St. Louis & San Francisco.
Marietta & Cincinnati.

Flint A Pore Marquette.

Bay City & Saginaw

Ohio Railroad.

Bellefontaine A Indiana
Beloit A Madison
Berks County...
Boston Hartford A Erie
Buffalo A Eric

.Chicago A Northwest.

Philadelphia A Reading.

New York A New England.
Lake Shore A Michigan Southern.

Chicago Burlington A Quincy.

Burlington A Missouri..

Missouri Paeilie.
Missouri Pacific.
Central Pacific.

Cairo Arkansas A Texas::..
Cairo A Fulton
California A Oregon
Camden A Amboy

Cape May A Millville

- -

United Companies of New Jersey.
.West Jersey.
Central Branch Union Pacific.

Union Pacific Central Branch
Central of Long Island
Central Vermont
Cham. Havana A West

Vermont Central.
Wab. St. Louis A Paeilie.

Chicago Cincinnati A Louisville
Chicago Clinton DubuqeA Minn

Wabash St. Louis A Pacific.
C. M. A Sr. Paul.

Flushing North Shore A Central.

Chicago A Great Eastern

Columbus Chic. A Indiana Central.

Cmcago A Illinois River
Chicago A Michigan Lake Shore

Chicago A Alton.
Chicago A West Michigau.

Chicago A Milwaukee
Chicago A Springfield

Chicago A Northwest.
Illinois Central.

Chicago Rock Island A Pacific.

Chicago A Southwestern

Chic. St. Paul A Minn
Chic. St. Paul Minn. A Omaha.
Cincinnati A Baltimore
Marietta A Cincinnati.
Cincinnati A Chicago Air-Line
Columbus Chic. A Indiana Central.
Cincinnati A Indiana
....Cin. Indianapolis St. Louis A Chic.
Cincinnati Hamilton A Dayton
Ohio Railroad.
Cincinnati Hamilton A Indianapolis.Ohio Railroad.
Cincinnati Lafayette A Chicago
Cin. Indianapolis St. Louis A Cliic.

Utica A Black River.

Clayton A Theresa

Cleveland Columbus A Cincinnati ..Ohio Railroad.
Cleveland Col. Cin. A Indianapolis..Ohio Railroad.
Cleveland Mt. Vernon A Delaware..Cleveland Akron A Columbus.
Cleveland Paincsville A Ashtabula.. Lake Shore A Michigan Southern.
Cleveland A Toledo
Lake Shore A Michigan Southern.
Columbus Chic. A Indiana Central.
Columbus A Indiana Central
Columbus A Indianapolis Central.. .Columbus Chic. A Indiana Central.
Columbus A Toledo
Col. Hocking Valley A Toledo.

Wabash St. Louis A Pacific.

Lclngli Valley.
Union Pacific.

Michigan Central.

Eel River.
Detroit Grand Haven A Milwaukee.
Lake Shore A Michigan Southern.
Detroit Grand Haven A Milwaukee.

Detroit A Milwaukee
Detroit Monroe A Toledo
Detroit. A Pontiac
Dixon Peoria A Hannibal

Chicago Burlington A Quincy.
Chicago Milwaukee A St. Paul.
Lehig-li Valley.
East Tcim. Virginia A Georgia.
East Tenn. Virginia A Georgia.

Dubuque Southwestern
Easton A Amboy
East Tennessee A Georgia

East Tennessee A Virginia
Erie
New York Kike Erie A Western.
!
Essex
Eastern (Mass.)
Evansville. A Crawfordsville
Evansville A Terre ITautc.
Evansville Henderson A Nashville...Louisville A Nashville.
Evansville A Terre Haute
Chicago A East. Illinois.
Elint A Holly
Flint A Pore Marquette.
Florence El Dorado A W
Atchison Topeka A Santa Fe.
,

Lowell A Framingham. •
Toledo Delphi* A Burlington.
Chicago A Northwest.
Chicago A West Michigan.

Framingham A Lowell
Frankfort A Kokomo
CSalena A Chicago Union
Grand R apids New A L. Shore
Grand River Valley
Great Western (III.)

..Michigan Central.
Wabash St. Louis A Pacific.
Green Bay Winona A St. Paul.

Green Bay A Minnesota
Greenville A Columbia
Hannibal A Central Missouri
Hannibal A Naples
Harlem A Portchester

Columbia A Greenville.
Missouri Kansas A Texas.

Wabash St. Louis A Paeilie.
New York New Haven A Hartford.
-

Houston A Great Northern
Hudson A River Falls
Illinois Grand Trunk
Illinois A Southern Iowa
Indiana A Illinois Central

Chicago Milwaukee A St. Paul.
Flint A Pore Marquette.
New Haven A Northampton.
Missouri Kansas A Texas.
Chic. St. Paul Minneap. A Omaha.

Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.

Indianapolis Decatur A Springfield.
Bloom. A West. Exten.Champaign Havana A Western.
A Cincinnati
Cin. Indianapolis St. Louis A Chic.
Cin. A Lafayette
Cin. Indianapolis St. Louis A Chic.
A Madison
Jeffersonville Madison A Ind.

International A Great Northern
Ionia A Lansing

Missouri Kansas A Texas.

Detroit Lansing A Northern.
Burlington Cedar Rapid* A Nortli’n.
rlowaA Dakota
.Chicago Milwaukee A St. Paul.
Iowa Midland
Chicago A Northwest.
Iowa A Minnesota
Chicago Milwaukee A S>t. Paul.
Iowa South. A Missouri North
Chicago Rock Island A Pacific.
Jackson Lansing A Saginaw
Michigan Central.
Jamestown A Franklin
Lake SI lore A Michigan Southern.
Joliet A Chicago
Chicago A Alton.
ltalainazoo Allegan A Gr. Rapids ..Lake Shore A Michigan Southern.
Kalamazoo A Schoolcraft
Lake Shore A Michigan Southern.
Kalamazoo A South Haven
Michigan Central.
Kalamazoo A White Pigeon
Lake Shore A Michigan Southern.
Kansas City A Cameron
Hannibal A St. Joseph.
Kansas City A Eastern
Missouri Pacific.
Kansas City St. Jos. A Council B
Chicago Burlington A Quincy.
Kansas City St. Louis A Chic
Chicago A Alton.
Kansas City Topeka A Western
Atchison Topeka A Santa Fe.
Kansas & Nebraska
St. Joseph A Western.
City A Western

Kansas Pacific
Eackawanna &

Union Pacific.

Lake Erie Wabash A St. Louis
Leavenworth Atchison A N’west
Leavenworth Lawrence A Galv

Wabash St. Louis A Pacific.
Missouri Pacific.

Bloornsburg
Delaware Lackawanna & Western.
Lafayette Bloomington A Mancie...Lake Erie A Western.




Central of New Jersey.
Missouri Pacific.
New York Lake Erie A Western,

Lexington A Southern.
Long Dock Company

Chicago A Alton.
St. Louis—Louisville Evansville A St. Louis
Lynchburg A Danville
Wash. City Va. Mid. A Gt. Southern
]>iacon A Augusta
Georgia RR. A Banking Co.
Macon A Western
Central Railroad A Bank Co., Ga.
Marietta Pittsburg A Clcve
Cleveland A Marietta.
Massawippi
Connecticut A Passumpsic.
Memphis A Ohio
Louisville A Nashville.
Menominee River
Chicago A Northwest.
Louisiana A Missouri
Louisville N. Albany

Manhattan Elevated.
Michigan Central.
Lake Shore A Michigan Southern.

Metropolil an Elevated
Michigan Air-Lino
Michigan So. A Nortli’n Indiana
Midland of New Jersey.
Milwaukee A Western
Minnesota Central
Minnesota Valley

...New York Susquehanna A Western
Chicago Milwaukee A St. Paul.
Chicago Milwaukee A St. Paul

.

Chicago A Northwest.
Vermont A Canada..
'—Chicago St. Louis A New Orleans.

Missisquoi
Mississippi Central

Missouri River Fort Scott A Gulf ...Kansas City Fort Scott A Gulf.
Missouri River RR
Missouri Pacific.
Montclair
New York A Greenwood Lake.
Port Jervis A Montieello.
Monticcllo A Port Jervis
Nashua A Rochester
Worcester A Nashua.
Newark A New York
Central of New Jersey!
New Bedford Railroad
Boston Clinton Fitchburg A N. B.
New
New
New
New
New
New
New
New
New

Jersey Midland
New York Susquehanna A Western.
Jersey RR. A Transportaf’n Co.United New Jersey RR. A Canal Co’s
Mexico A So. Pacific
Atchison Topeka A Santa Fe.
Orleans Jackson A G. N
Chicago St. Louis A New Orleans.

Orleans Pacific
York Elevated
York A Manhattan Beach
York A Oswego Midland
York A Bockaway
Newtown A Flushing
....=
Niles A New Lisbon
Norfolk A Petersburg
,...
Northern Cross
North Missouri

Texas A Pacific.
Manhattan Elevated.
Manhattan Kcacli Co.

.

.Chicago A Northwest.
Baltimore A Ohio.
Detroit Gr. Haven A Milwaukee.

Col. Hocking Valley A Toledo.
Pittsburg Titusville, A Buffalo.

Oil Creek
Omaha A Southwestern

Lake Ontario Southern.

Kansas

City Lawrence A Southern

Washington City Va. Mid, A Ct. So.
Chicago Burlington A Quincy.
Missouri Pacific.

S’aeifie of Missouri

Pekin Lincoln A Decatur
Peninsular (Midi.)
Peoria Pekin A Jacksonville
Pittsburg Titusville A Buffalo
Pleasant Hill A De Soto
Port Huron A Lake Michigan
Port Royal
Portland A Kennebec
Prairie du Cliien
Pueblo A Arkansas Valley

Peoria Decatur A Evansville.
.Chicago A Northwest.
Wabash St. Louis A Pacific..

Buffalo Pittsburg A Western.

Atchison Topeka A Sauta Fo

•.

Chicago A Lake Huron.
..Port Royal A Augusta.
Maine Central.

Chicago Milwaukee A St. Paid.

....

Atchison Topeka A Santa Fe.
Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.
Hannibal A St. Joseph,
Wabash St. Louis A Pacific. Chicago Burlington A Quincy.
Burlington A Missouri in Nebraska.

Quincy Alton A St. Louis
Quincy Mo. A Pacific!
Quincy A Palmyra
Quincy A Toledo
Quincy A Warsaw
Republican Valley
Rochester A Northern Minnesota
St. Joseph A Denver City

St.
St.
St.

St.
St.
St.
St.

-

1 .Burlington A Missouri in Nebraska

"1
.

St.
St.
St.
St.
St.

New York Ontario A Southern.
Long Island.
.Long Island.
Cleveland A Mahoning Valley.
Norfolk A Western.
Chicago Burlington A Quincy.

Wabash St. Louis A Pacific.
-.Cliic. St. Paul Minn. A Omaha.
Richmond A Danville.

North Wisconsin
Northwestern North Carolina
Northwestern Union
Northwestern Virginia
Oakland A Ottawa River
Ohio A West Virginia.

Orange A Alexandria..
Ottawa Oswego A Fox River

Delano Land Co
Denver Pacific
Detroit A Bay City
Detroit A Eel River

•.

Maine Central.

Farmington

Leliigh A Wilkesoarre Coal Co

Ontario Southern

Decatur A East St. Louis

Hastings A Dakota
Holly Wayne A Monroe
Holyoke A Westfield

Leeds A

Kentucky Central.
Sioux pity A Dakota.
Chicago A East. Illinois.
Chicago Milwaukee A St. Paul.

Davenport A Northwest

"

UNDER WHICH THEY WILL
BE FOUND IN THE TABLES.

FORMER NAMES.

Hartford A Connecticut Western.

Connecticut Western
Covington A Lexington
Dakota Southern
Danville A Vincennes'.

Iowa

NAMES

UNDER WIIICIT THEY WILL
BE FOUND IN THE TABLES.

NAMES

FORMER NAMES.

Indianapolis
Indianapolis
Indianapolis
Indianapolis

re-organized the following index

..

Joseph A Pacific
Louis Iron Mount’ll A Southern
Louis Jaeksonvilie A Chicago
Louis Kansas A Arizona
Louis Kansas City A .Northern..
Louis A Lexington
Louis Rock Island A C
Louis A Southeastern
Paul A Chicago
Paul A Pacific
Paul A Sioux City
Paul Stillwater A T. F
....

,

.Chicago A Northwest.
St. Joseph A Western.
St. Joseph A Western.
Missouri Pacific.

Chicago A Alton.
Missouri Pacific.

.Wabash St. Louis A Pacific. *■
Missouri Pacific.
Chicago Burlington A Quincy.
Louisville A Nashville.

Chicago Milwaukee A St. Paul.
St. Paul Minneapolis A Manitoba,
Chic. St. Paul Minn. A Omaha.
Chic. St. Paul Minn. A Omaha.

Sandusky City A Indiana
Sandusky Dayton A Cincinnati

Cincinnati Sandusky A Cleveland.
Cincinnati Sandusky A Cleveland.

Savannah Albany A Gulf

Atlantic A Gulf.

Saai Francisco Oakland A Alameda .Central Pacific.

Lake Shore A Michigan Southern.

Schoolcraft A Three Rivers
Scioto A Hocking Valley...,

Marietta A Cincinnati.
Chicago Milwaukee A St. Paul.
Cliic. St. Paul-Minn. A Ohawa.
Long Island.
St. Louis A San Francisco.
Brooklyn A Montauk.
Nor folic A Western.

Sioux City A Dakota
Sioux City A St. Paul
Smithtown A Port Jefferson

South Pacific (Mo.)
South Side, (L. I.)
South Side (Va.)
Southern Georgia A Florida
Southern Minnesota

...Savannah Florida A Western.

Chi.ago Milwaukee A St. Pifiin.

Asheville A Spartanburg.
Vermont Central.

Spartanburg.. A Asheville
St an st end 8. A Chambly.:
Steubenville A Indiana

Pittsburg C. A St. Louis.

Sunbury A Erie

Philadelphia A Erie.

Tebo A Neoslio
Tennessee A Pacific
Toledo A Illinois
Toledo Logansporf A Burlington
Toledo Peoria A Warsaw ....*
Toledo A Wabash

Missouri Kansas A Texas.
.'...Nashville Chattanooga A St. Louis.
Wabash St. Ixmis A Pacific.

Columbus Chic. A Indiana

Columbus Chic. A Indiana Central.
BuilalO.

Uni*m A Ixigansport

Pittsburg Titusville A
Utah Centra!.

Union A Titusville
Utah Southern

.Chesapeake A Ohio.
Norfolk A Western.

Virginia Central... 4
Virginia A Tennessee

Wabash St. Louis A Pacific.
Houston A Texas Central.

\\ abash A Western

Waco A Northwest

Washington City Va. Mid. A Gt. So.Virginia
West Chester A

Wdt Wisconsin

Pliiladeiphia

Western Pacific

Western Union Railroad
Wichita & Soutliwestern
Winona A St. Peter
Wisconsin Valley

Central.

Wabash St. Louis A Pacific.
Wabash St. Louis A Pacific.

Midland.

.

.

Philadelphia A Baltimore Central.

!

Chicago St. Paul A Minneapolis.
Central Paeilie.
Chicago Milwaukee & St. Baul.
Atchison Topeka A Snfiita Fe.
Chicago A Northwest.
.

Chicago Milwaukee & St.

Pam

TABLES.

STOCK AND BOND
NOTES.

Investment matters, published from week
tables. Annual reports are“DebtaStatement”ures.sued.
oflicial in bl ck-faced fig is is
is published monthly.
abbreviations frequently occur, viz.:
“Branch,” guar, lor
based; opposite bonds, the miles covered
mortgage.
7fdue.-Tlie.se figures are dollars, showing the denominations or par value. The figures “ 100, Ac.,” signify $100May A Nov.; J. AD.,
and larger.
M. A N.,
Cent,.—The interest per annum is given for bonds, but the per M.
cent of Iasi dividend forA. A O., Apr
its
F. A A., Feb. A Aug.;
A S., March A Sept.; stocks; g means gold; x, extra; s, stock or scrip.

expressly intended to be used in connection with the information concerning
Chronicle—to which an index is furnished in the remarks at the foot of the
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations
The following will give explanations of each column of the tables below:
ncscrivtion.—Railroads leased to others will sometimes be found under the lessee’s name. The following
M foi “mortgage.” s. r. for “sinking fund,” 1. gr. for “ land grant,” rcg. for “registered,” coup, for “ coupon,” Br. for
“guaranteed,” end.for “endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be registered.
Vnfe ofBonds.—The date of issue is referred to in this column.
Miles of Road.—Opposite Stocks, this means the miles of road operated, on which the earnings are
These

tables are

week in the

VC

859628071 78788811
by the
Si~e or Par

vntp Per
Rate Per
When Payable

for Jan. A July;

pril A Oct.;
'

u

ch.

principal falls due of bonds, but the time
Feb.; Q.—M., quarterly from March
column shows the period when the

Q.—J., quarterly from January; Q.—F., quarterlyfrom
s,
Ronds principal when due; Stocks, last dividend—The date in this
when the last dividend was paid ou stocks
June A

Dec.;

STATE SECURITIES.

Subscribers will

confer a great favor

by giving immediate
|

Date of

DESCRIPTION.

For

explanat ions see notes

Bonds.

above.

bonds (A) ($7,000,000)
Substitul’n b’ds for ER. (B) ($590,000)
do
for Ala. A Chatt. (C) ($1,000,000

Alabama— Substitution

Educational funded debt

fund, “oblignt’ns” (tax-rce’ble
Arkansas— Funding bonds of 1809
Funding Bonds 1870 < Holford)
Levee bonds (or warrants)
For

10-20 yrs.;

and 1870..

Outstanding

Rate.

$100Ac.

$6,573,000

3 Ac.
5
4 Ac.

100 Ac.
100 Ac.

interest
29,’74
Sinking fund bds. (Loughborough) Act.Dee., ’7-J
To Memphis A Little Rock Railroad
To Little Rock A Fort Smith Railroad
To Little Rock, Pine Blufis A N. Orleans HR..
To Miss., Ouachita A Red River Railroad
Central Railroad

California—Soldiers’ relief
State Capitol bonds
Funded debt bonds of 1879
Connecticut—War bonds, 20 year— 1
’“(—''on' bUm,S> 20 3'C!U'- — 1
ads,
War bonds 20 year

not taxable, 20 year.. ;
do
nds, 10-20 year
New bet
Pda ware— Eefuml’g bds., scr. “A,” “

539,000
931,000
2,810,670
960,000

1880
1669 to ’70
1870

i ,6oo

1,000

100 Ac.

1871

Old unfunded debt, including
Ten year b’ds, Act May

To Arkansas
State scrip

1376
1876
1876

notice of any error discovered in
INTEREST.

Amount

Size or
par
Value.

1,000

1838 to ’39
1874
1S75
1869

i ,6oo

1870

1,000
1,000

1870

1,000

1870
1870
1863
1863

1,000

600,000

1,000

1,350.000

....

1,000,000

1,200,000

1,353,120

r-

4

7
7
7
7

5 A 8
7 g7 g.

1873
1863

Coupon
‘

v„

ri ... 1

1 ie^ld-

500 Ac.
1.000

2.796,000
877,000

6 g.
6

1864
1865

1,000
.100 Ac.
1,000

1,318,500
1,741,100
1,031,000
71.5,000

6

3,911.300

6 g-

1877
1881
1,000
500 Ac.
1372
Qist.uf Columbia- Perm’t imp’t,
coup
100 Ac.
1873
Permanent improvement bonds, coupon
100 Ac.
1879
Bds for fiuul’g (Act June 10,’79) coup, or rcg.
50 Ac.
1871
Fund, b’ds (U.S.giiar.,Acts
50 Ac.
1872
Market stock, coupon
1.000
1ST l to *73
Water stock bonds, coupon
100 Ac.
1872
Wash, fund’g, gld,($600,000 are
1871
Florida—State bonds
1873
i.ooo
Consolidated gold bonds ($900,000 are
—
500
1866
Georgia—Atlantic A Gulf
500 Ac.
1S66
Bonds, act of Mar. 12, ’GO (renewal \V.
1,000
1870
/
Quarterly gold bonds, act
1.000
1872
Bonds, act of Jan. 18, ’72
250Ac.
1873
Bonds for funding (Act Feb. 19, ’79)
1,000
1876
Bonds to fund coupons on endorsed bonds...
1,000
1877
Bonds exchanged for endorsed RR.
1879
Indiana—Bonds, coup, (pay’ble after Apr.
School fund bonds (uon-negotiable)
100 Ac.
11.861 to ’69
Kansas— Bonds, 1801 to ’69, funding, Ac
100 Ac.
Bonds lor various State purposes.
Anlitary loan

B” A “C
gold,

June,’74AFeb.,’75)

M.AN.,1902).

7s)
Railroad bonds.
A A.)..
of Sept. 15, 18 0..

bonds—
1.’84)

11864 to ’65j

....

655,500
989,300

14,012,000
150,000
374,000

1,877.550
350.000

925.000

300,500
3,000,000

2,097,000
307,500
500,000
5 12,000

2,298,000
585,000
3.904,783
101,175
773.000

307,500

J.
J

A

J.

J.
J.

95,500

500,000

J.

A Tr. Bk.
ilo
do

6
5
4
rr
4

5
3-65
r-f

4
rr

4

6 S7

Y., Union Trust

.

A J.
A J.

J.
J.
I.
J.
J.

A J.

A
A
A. A
M. A
J. A
J. A
J. A
J. A
F. A
J. A
J. A
J. A

J.

J.
O.
N.

J.
J.
J.
J.
A.
J.
J.

J.

rr

4

July.
A J.
A J.

J.
J.

1899
1900
1900
1900

April, 1900

.

O.—J.
J. A J.
A. A O.
J. A J.
J. A J.
A. A O.
Various

4

do

Little Rock, Ark.
A J. New York, Nat. City Bank.
N. Y., Union Trust Co.
A 0.
do
do
A O
do
do
A 0
do
do
A. A O
do
do
A. A 0.

7 g.
7
8
7
6
5
6
6

do

1900

1899
1900
1900
1S60
1884
1905

Co.

J.
A.
A.
A.

7

rr

Jan. 1,

A J.
A J.

J. A J.
F. A A.
J. A J.

7 A 6 g.
6

July 1,190G
Jul v 1. 1906

July 1.1906

Montgomery.
N.

'

6
7
6
10
6

500 Ac*.

1870 A ’72,

J.

4.

6

Whom.

A J N. Y., Importers’
do
A J.
do
A J.

J.

Due.

Payable and by

Payable

J. A
J. A

6

1,886,000
1,268,000
1,986,773
1,985,955
18R500
412,000
1,200,000

Where

When

tliesc Tables.

1883

Sacramento, Treasury.

1885
do
1893
do
Jan. 1, 1883
Hartford, Treasury.
Jan. 1, 1884
do
do
Oct. 1, 1885
do
do
May 1, 1897
do
do
1886,1891, 1901
Pliila., Phila. Nat. Bank.
July 1, 1891
Wash, or N. Y., U. S. Treas.
July 1, 1891
'
do
do
July 1, T899
do
do
Aug. 1, 1924
do
do
July 26, 1892
do
do
Oct. 1. 1901 to ’03
do
do
1892 A 1902
do
do
N.YL, Domiall, LawsonA Co.
.Tan. 1,1903
do
do
Feb. 1,1886
N. Y., Fourth National Bk.
May, 1886
N. Y., National Park Bank.
Oct., 1890
d*o
do
do
do

do
do
do
do
do
do
do
do
N. Y., Winslow, L. A Co.
do
do
N. Y., Am. Exch. Nat. Bk.
do
do
do
do

July, 1892
April 1, 1886
July 1, 189G
Jan. 1, 1889
April 1, 1889

1883 to’84
1884 to’99
1884 to’99

1886; series “ 15,” $300,000. redeemable. July, 1386 to 1891; series “C,”
bonds, dated Jul}' 1. 1876. bearing $165,000, redeemable July, 1891 to 1901. (V. 32, p. 500.)
2 per cent till 1881, then 3 per cent till 1886, 4 per cent till 1896, and ;5
District of Columbia.—The total assessed value of taxable real estate
percent for last 10 years, for old bonds, without any allowance for pastdue coupons. Alabama A Chattanooga endorsed bonds were exchanged aud personal property is shown below. The interest and sinking fund
for $1,000,000 of the new bonds, Class C, which bear 2 percent till 1881, on the 3-65 bonds arc provided for by Congress, and the amount is
Real and personal estate, Ac., has beeu
and 4 per cent for remaining 25 years. For raflroad endorsements the limited to $15,000,000.
.
.
■* Tax Rate.
bonds issued bear 5 per cent. In 1880 the new 6 per cent bonds were assessed as follows:
Real Estate.
Personal.
-issued to retire old 8 per cent “State obligations.”
Analysis of the
$97,609,890
$17,239,051
$15
debt and funding operations was given in the Ciironi.jlk, V. 24, p. 28.
13,363,920
15
For the $2,000,000 of State 8 per cent bonds issued to the Ala. A Chatt.
87,491,442
87,980,356
15
HR. under act of Feb. 11, 1870, tin: State gives the lieu ou the lands
15
88,953,078
10.395,712
granted to that railroad, 500,000 to 1,200.000 acres. Tax rate, 1879-80,
:
90,308,495
9,666,272
15
7 mills; 1880-81, GL» mills. The assessed valuation of real estate and
personalty was $126,773,262 in 1879 and $123,757,072 in 1880. (V. -(V. 32, p. 69.)
62, p. 182.)
Florida.—Less the sinking fund of $143,900, and Jacksonville Pensa¬
Aj-kansas.—The State Supreme Court for interest, except oil the 10 and i cola A Mobile loan, the total debt is $1 ,149,800, which does not include
decided Levee bonds of 1369 per $132,000 bonds of 1857, held by Iwdiau Trust Fund. Coupons of the
1870 invalid. The State is wi default
cents of 1874 and secured sinking fund bonds Issued under the law of consolidated bonds are receivable for taxes. Real and personal property
December, 1874. The total recognized debt is $5,813,627, and State assessed in 1878 at $29,471,227; tax rate', 9 mills; iu 1879 at
assets (land and sinking fund). $5,274,712._■ Assessed valuation of tax¬ $30,938,209, tax rate 7 mills.
(V. 32, p. 100.)
able property in 1880 about $90,000,000, and tax rate 7Lj mills. The
Georgia.—The constitutional amendment in 1877,dcclared void several
following are the latest oflicial assessments:
issues of bonds and railroad endorsements. Then? were issued $400,000
Real Estate.
Personal. Tax Rate. 4 per cent bonds in 1880, but all •except $107,000 taken up and can¬
$61,812,088
$29,842,103
10
celed in that year. “Assessed value and tax rate per $1,000 have been:
61,892.881
31.971.-30810
Real Estate.
Years.
Personalty. Rate of Tax. Total Debt.
7
55,713,115
32,366,893
7
$140,153,250
$95,506,280
$5-00
$10,644,500
55,351,488
32,613,686
7^2

Alabama—The State gave 30-year

!

-(V. 32, p. 566

;

V. 33, p. 328, 525.)

j

134,635,886
91,585,832
131,244,081
90,849,338
139,657,250
99,270,376
-(V. 34, p. 88.)
Indiana.—Indiana made a compromise with her

4500
350
3*50

10,444,500
9,951,500

..California.—The State holds in trust for School and University funds
Capitol bonds and also bonds of 1873, in all $2,690,000.
Assessed valuations and rate of tax per $1,000 have been :
bondholders in 1846,
Years.
Real Estate.
Personal. Tax Rate. giving them State stock for one-half of their bonds and overdue coupons,
1878
$458,172,198
$128,780,824
$6*20 and Wabash A Erie Canal stock for the balanoe, about $7,500,000. The
1879.
466,273,585
118,304,451
550 canal has proved worthless, and the creditors claimed payment for their
1880.
from the State.
Valuation, 1881, of
149,656,007
460,694,217
6*40 shares $541,110,434; personalty, $220,858,701.taxable property: Real
1881--.464,082,851
146,180,978
655 estate,
Connecticut.—The debt of Connecticut was all created originally for
Kansas— Kansas has but a small State debt, but the issue of municipa
war purposes.
Assessed valuation and tax rate per $1,000 have been:
bonds was about $13,000,000.
The valuations (at oue-lialf of true
Years.
Real Estate.
Personalty. Tax Rate. value) have been:
Total
Rate of Tax
Personal
Real
$100,379,945
1*50
Debt.
per $1,000.
JSZ—
$238,027,032
Property.
1-50 Years.
99,970,163
Estate.
$1,181,975
$5 50
235,412,691
$39,997,287
$97, 183,242
1*50 1877
5 50
1,181,975
228,987,700
95,901,323
I'f
jso so....
<9^a 007 'ran
41,131.187
1878
97,567,623
$327,182,435
5 50
1,181,975
43,700.545
101,229,734
Hie assessed valuation of real estate is about 70 per cent of the true value.
5 50
1,181,975
52,460,038
1830
108,101.123
Btlcpparc.—Chose refunding bonds issuedredeemable July, 188C to 1 —State fluids lioid $716,950 of the bouds.
July, 1881. titfce up Qut-;
stammng debt. Series “A” are $250,000,

the $500,000

100,

‘‘




,

...

STATE

VI

Subscribers will confer a great favor

SECURITIES.

[Vol. xxxiv.

by giving immediate notice of any error discovered in these Tables.
INTEREST.

Date of
Bonds.

DESCRIPTION.
For

1853
1866
1867

do
special—Act 32 of 1870.
Bonds funding coupons
do
to Boeuf & Crocodile Navigatio
do
do
school, held by St. Treasurer
do
to N. Orleans, Mobile & Chatt. RR.
to N. Orleans, Mobile & Texas RR.
do

Consolidated funded bonds
Twos, fours and threes (see notes below)
1 Coup.
Maine—War loan bonds

Amount

or

outstanding.

par

1870
1866
1870
1869
1857
1870
1871
1869
1874

$500
1,000
1 000
1 000

Amount

yet fund-

1,000
1,000
1,000
1,000
1,000
1,000
100 Ac.

>

J

Municipal war debt assumed.
cent bonds, coupon

or

reg.

Four per

Chesapeake & Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore A Susquehanna

Railroad

Chesapeake & Ohio Canal
Baltimore & Susquehanna Railroad
Annapolis & Elkridge Railroad
Defense Boimty Loan

Deaf and Dumb

"

Asylum Loan

Maryland Hospital Loan, 10-15 years
Maryland State Loan
Treasury relief loan, 10-15 years

Massachusetts—Coast Defense JL«oan

Bounty Fund Loan

Bounty Fund Loan
do

do

sterling

War Loan, sterling

Troy & Greenfield Railroad loan, sterling....
home

do

do

do
do
sterling....
do
do
sterling....
do
do
dollar bond
do
do
do
Southern Vermont Railroad Loan

Boston, Hartford A Erie Railroad, sterling-.
Harbor Land Improvement (5-20s)
Danvers Lunatic Hospital
Lunatic Hospital, Worcester
New State Prisons, sterling

Michigan—Two Million Loan
War Bounty Bonds
Minnesota—State Building loan, coupon
Temporary seed grain loan
Railroad Bouds (not recognized in full)
Adjustment bonds, (10-30, redeemable, 1892.

Missouri—State bonds, proper
Consolidated bonds

University and Lunatic Asylum bonds
State Bank stock refunding
Bonds to North Missouri Railroad
Bonds to Cairo A Fulton Railroad

Bonds to Platte County Railroad
Bonds to Iron Mountain Railroad
Pacific Railroad of Missouri

1880

1863
1864
1868
1880
1838
1838
1838-47
1839
1837
1870
1839
1839
1868
1870 & ’74
1872 & ’76
1872
1878
1863
1863
1864
1864
1869
1858 to’6f
1861 to ’63
1871
1875
1873 to ’74
1875
1860
1868 to’69
1874 A ’76
1874 & ’77
1875-’76
1875

$333,300
Jan., ’82
80,000

260,000
48,000
70,000
2,500,000
875,000
11,367,900
1,723,415
385,000
2,330,000
2,826,900
257,000
1,875,555
2,310,000
309,485

Prison loan
New Jersey— War loan bonds, tax
War loan bonds, tax free
do
do
taxable

___

31,069

269,000
528,355
298,435
62,605
3,326,750
225,000
1,056,304
500,000

1,000
1,000

500 Ac.
£100 Ac
£200
£200 &c
500 Ac.
200 Ac.
£500

1,000
1,000
5,000
£200

1,000
1,000
1,000

888,000

200,000
4,379,500
4,000,744
999,944
5,506,952
1,366,500
3,598,540
1,497,980
670,000
1,300,000
200,000
3,599,024
300,000

1,000
1,000

299,000

1873

1,000

175,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

115,000
2,275,000

1878
1858
18821865 to’66
1868
1872
1874
1854 to’58
1857 to ’59
1859 to ’60
1854 to’59
1853 to *59

£500

4,000,000
435,000

2,711,000
401,000
104,000

1,688,000

265,000
503,000
1,360,000

2,946,000
1,000,000
1,270,000

1,500,000
1,499,000

1,009

449,267
600,000

100 Ac.

2,206,100

1,000
500 Ac.
100 &cr
100 Ac.
100 Ac.

400,000

1.000

Louisiana- The Constitutional amendment passed December, 1879,
provides for a new bond in place of consols of 1874, bearing 2 per cent
for 5 years, 3 per cent for 15 years and 4 per cent afterwards, on which
basis the interest charge ner year for consols is $235,542. To Jan.,
1882, the 2 per cents issued were $237,300, 4 per cents, $186,150; and
3 per cents (baby bonds), $1,300,265. The assessed value of property for
1880 was $149,635,805, ana tax is limited to 6 mills. The interest tax
alone was 5% mills before the constitutional amendment, and bond¬
holders are trying to enforce its collection by suit; in December, 18S0,

Principal—When

payable and by

due.

whom.

J. & J.
$15,000
Various
119,000
Various
M. A N.
Amounts not
M. & 8.
fund able,
J. A J.
J. A J.
80,000
per report of
Jan. 1, 1878.
730 M. A 8.
260,000
Various
6
48,000
J. A J.
8
70,000
A. A O. 2,500,000
8
875.000
8
N. Y., Bank of N. Y.
J. A J.
7
Now Orleans.
2,4,3 J. A J.
M. A 8.
6
Boston, Suffolk Bank.
do
J. A D.
do
6
A. A O.
6
Augusta and Boston.
F. A A.
4
Boston, Suffolk Bank.
5 g. J. A J.
London, Baring Bros.
do
do
5 g- J. A J.
5
Q.-J. Balt., Farm. A Merch. Bk.
do
A. A 0.
do
5
do
do
3
Quart’y
T. A J.
do
do
6
do
do
6
Q.-J.
A. A O.
do
do
6
do
do
J. A J.
6
J. A J.
do
do
6
J. A J.
do
do
6
do
do
6
do
J. A J.
do
6
5 g. J. A J.
Boston, Treasury.
do
do
5 g. J. A J.
do
do
5 g. M. AN.
5 g. M. AN.
London, Baring Bros.
do
do
5 g. J. A J.
do
do
5 g. A. A O.
5 g. A. A O.
Boston, Treasury.
5 g. - J. A J.
London, Baring Bros.
do
do
J. A J.
5 g.
5 g. J. A J.
Boston, Treasury.
do
do
5 g. J. A J.
do
do
5 g. A. A O.
5 g- J. A J.
London, Baring Bros.
5 g: J. A J.
Bostoa, Treasury.
5 g. Various
Boston, Treasury.
do '
do
5 g- Various
5 g. J. A J.
London, McCalmonts.
6
J. A J. N. Y., Am. Exchange Bank.
do
do
M. A N.
7
J. A J.
St. Paul, Treasury.
7
do
do
J. A J.
6
J. A D.
7
J. A J.
4%
J. A J. N. Y., Bank of Commerce.
6
do
do
J. A J.
6
do
do
J. A J.
6
do
do
J. A J.
6
do
do
J. A J.
6.
do
do
J. A J.
6
do
do
T. A J.
6
do
do
I. A J.
6
do
do
J. A J.
6
do
do
J. A J.
6
do
do
6
' J. A J.
do
do
T. A J.
6
do
do
J. A J.
6
State Treasury.
A. A O.
8
Concord or Boston.
6
M. A S.
do
do
J. A J.
6
J. A J. Bost.Nat.Bk.Commonw’ltk
5
do
do
J. A J.
6
J. A J.
Jersey City.
do
J. A J.
6
do
J. A J.
6

July, 1893
1872 to 1906
1886

.

’

May 1, 1907
March 1,1875
1886 A *88
Jan. 1, 1890
1899
1897

1

July 1,19i0
April, 1911
Jan., 1914
1886 & 1914
March 1,1883
June 1,1889
Oct. 1,1889

$o0,000

126,000
300,000
902,900

•

593,400

j>er year

1889
1890
1890
1890
1385
1890
1890
1883
1885 A *89
1887 & 1891
1887
1888 to 1893

.

465,000

100 Ac.

1863
1865

1872
1879
1879
1861
1863
1864

free

1,000

Where

....

1,500,000
1,100,000
1,292,280
590,000

1874
Funding bonds
Renewal bonds, coup., 5-20s, (act Mch. 29, ’7c) 1875-6-7
1857 to ’75
Hannibal & St. Joseph Railroad
1874
do
do
renewal
1877
Nebraska—Bonds (act Feb. 14,1877) coupon...
1864
New Hampshire—War loan, coupon bonds

Municipal war loan
Loan of 1879 for refunding

500 &C.
500 &c.
100 &c.

j

[ able. was

500
100 &c.

When

Payable

6
6
8
6
8
6
8

('

of these 1

71078878069. 8811
Bounty loan bonds

Rate.

Value.

explanation see notes on first page of tables.

Bonds in aid of various railroads
Levee bonds—Act 35 of 1865
Act 115 of 1867
do

Size

July 1, 1883

July 1, 1883
May 1, 1894
May 1, 1894

July 1, 1889

^

Oct., 1888 to *90
April, 1891 & '93
July, 1891
Jan. 1, 1895
1893 & *94

July 1, 1895
April 1,1890
July 1,1900
Sept. 1, 1896
J’yl,’94-Sepl,’97
M’yl’95-Sepl,*96
Jan. 1, 1895
Jan. 1, 1883

May, 1890
July 1,1883
Optional.
Dec.. 1887
1912
1883
1888

July, 1892
April 1, 1894
1882 to ’88
1882 to *89
1889 to’90

1882 to’89
1886 to ’89

July, 1894 &’95
1895-6-7

1887 to ’95
1891-0-6

April 1,1897
Sept., 1884 A ’89
Jan., ’92 to 1905
luly 1, ’89-’90-’91
July, 1882 to ’91
Jan., 1881 to ’84
Jan., 1886 to’96

fund

Michigan —The debt is practically extinguished, as the sinking

has sufficient assets to meet the debt. Equalized valuation of real and
personal property, 1881, about $810,000,000, and tax rate for State pur¬
poses 1 4-10 mills on the $1.

Minnesota — All the old State bonds are held by the permanent school
fund. Minnesota refused to recognize the “State Railroad Bonds” of

1874 to 1880 inclusive. A suit is pending by the State of New
Hampshire against Louisiana on her bonds. Taxable valuation for 1881
about $176,000,000. (V. 32, p. 468; V. 33, p. 23, 743; V. 34, p. 115,

1858, to the amount of $2,275,000. A proposed compromise with the
holders was provided for in 1881, and was carried out by the issue of
the 4% per cent bouds. Taxable valuations and State tax nave been:
Years.
Tax Rate.
Real Estate.
Personal.
$46,175,304
$183,615,738
2%
53,525,017
189,246,698
15%
203,473,637
54,581,906
16%

147.)

Tax for all purposes

an

injunction was granted against the State Treasurer to prevent his

diverting the interest funds.

There is considerable overdue interest of

the years

$5,801,900. The sinking
Tax rate for 1880, 5 mills on valuation of 1870;

Maine.—'The debt January 1, 1882, was

fund

$1,436,367.
1881-82, 4% mills.

265, 368

;

in counties averages 17% mills.
V. 33, p. 74, 125, 282, 294, 304, 329, 404,

(V. 32, p. 40,183,
433, 469, 502, 588,

687, 744; V. 34, p. 32. 80.)

Missouri.—The valuation of real and personal property in 1881 was
$601,722,882, of which $406,104,426 was real, $163,265,359 personal
and $32,353,097 railroads and bridges. The tax rate is 40c. per $100.
Bonds maturing are met by sinking fund. The Hannibal & St. Joseph

Maryland.—The State has largely assisted canals and railroads, and
the State
includes RR. paid the State $3,000,000 for its debt, but the State refused on
$16,358,230 Chesapeake A Ohio Canal interest. Assessed valuation January 1, 1882, to pay the coupons on its own $3,000,000 of bonds.
and tax rate have been :
Litigation between the State and company ensued. (V. 32, p. 680; V.
Real and
Tax Rate,
33, p. 687.)
Years.
Personal.
per $100.
Nebraska.—The State school fund holds $326,267, There are also $50,1877
$478,468,028
17%c. 000 10 per cent “ Grasshopper” bonds due 1885, interest paid January
1878
464,425,790
18^c. and July. Assessed valuation (33% per cent of true value) and tax rate
1879
183tc. per $1,000 hav'ebeen:
466,637,502

holds $3,675,325 of stocks and bonds ranked as productive;
also holds $26,112,298 in unproductive securities, which

459,187,408
461,459,939

1880
1881

183*c.
18^c.

Massac/msetts.—'The funded debt, January 1, 1882, was $32,399,464.
The sinking funds were $14,285,781. The Hoosac tunnel and connections

cost the State heavily.

Assessed valuation, tax rate, &c., have been:

Personal,

■

Years.

Real Estate.

Railroad, Ac.

_

.

Tax Rate.

3o
37%
39,263,823
37%
37%
38,378,409
53,850,147
00
New Hampshire.—'The debt of New Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to bo applied to their war debts. Total valuation in 18/»»
$40,589,285

37:975,987

$33,589,360
33,335,591
35,125,713
36,981,389
36,649,471

$7
6
6
6
4

Tax per
Personal
Total
Sinking
Property. $1,000.
Debt.
Funds.
$1,262,141,092 $860,958,487 $12 80 $33,866,464 $14,294,238
1,191,583,169 822.289,966 12 84 33,550,464 13,635,490
1,118,557,164 761,266,574 12 54 33,219,464 13,448,194 $206,959,017. Tax rate, $2 per $1,000.
1,090,749,235 742.533,998 12 78 33,020,464 12,235,248
New Jersey.—The debt was created for war purposes.
Of the
1,111,160,072 816,695,358 15 35 32,799,464 13,050,092
class of bonds the principal is payable $1-00,000 per year. Valuatio
The loan to Boston Hartford & Erie Railroad was secured
by of real and personal property (taxable) in J881, $o27,4ol,222, a^a
“Berdell” mortgage bonds, afterwards exchanged for N. Y. A N. E. RR. $518,617,518 in 1880, $508,892,333 in 1879 and $531,8ol,849 in
State school tax, 2 mills.
stock, and had a sinking fund of $1,213,678 January 1, 1881.
Real

Years.




Estate.

first-

1878.

1882. J

February,

Subscribers

will confer a

explanations see notes on first page

Date of

Bonds.

of tables
1875

Canal debt,
North

1872
1873
1873
1874
1879

Con-1

7, Sec. 3, of
stitution, and Art. 7, Sec.
Under Art.

12. ’

Carolina Railroad

1867

1868

Dec., 1886
Pennsylvania—Reg. bonds, tax fr., (red’ble ’92).
Registered bonds, tax free, 15-25 years
Coupon loan (except $53,000 reg.), April 2
do
April 2
Loan of February, 1882 (registered)
do
do
in ten series
Agricultural College land scrip
Island—War bonds

1877
1879
1852

1852
1882
1882

1872
1862
1863

1863

•

1864

-

Carolina—State House stock and bonds .
bonds and stock
Blue Ridge Railroad bonds
Funding bills receivable
Paynnent of interest
Funding bank bills
;
Conversion bonds and stock
Consol, bonds and stock (Brown)
Tennessee—Funding bonds, act of 1873
Bonds regist’d, act of 1873,($292,300 are 5s).
Held by E.T. University (not to be funded)...
Funding bonds (act of March, 1881)
Texas—Funding Stare debt (act May 2, 1871)..
Frontier def’se,gold,act Aug.5,’70(red’blo ’91)
Revenue deficiency bonds, act Dec. 2,1871..
Bonds, act Mar..1874 (forpaying rtoat’gdebt)
Redemption of debt, act Aug. 6, ’76...^
Bonds, act April 21, 1879

1853 to ’54
1866
1854

South

Funding

1868
1868
1868
1869
1874
1874

Various.

do

sterling

do

2,242,250
2,795,000
1,180,000

(?)

383,045
44,000
11,366,000

....

1,000
100
100
100
100

2,801,665

Ac.
Ac.
Ac.
Ac.

2,400,000
8,000,000

2,000,000
395,000

1,000

87,000
6,700,000

1,000
50 Ac.
50 Ac.

2,500,000
500,000
965,000
200,000

....

1,000
1,000
1,000
1,000
1,000

631.000

738,000

142,000
35,760
97,000
19,000

50,Ac

1,000
1,000

128,000
S5,000

1,000

500,Ac.
500,Ac.

92,200
3,165,832
4,880,000

500 Ac,

1,000
1,000

14,929,300

1881
1872
1871
1872

1874

1,000
.

..

1,000

692.000-

1,000
1,000
1,000

1,000,000
1,647,000

500,000

1876
100 Ac.
1879
1851 to’66 500 Ac,
£100 Ae
1851

1871
1871
1872
1871
1879

1879

100,Ac,
100,Ac.
100,Ac,
Various
....

3,030,OSS
1,302,851

13,474,800
895,147

2,394,305
15,239,370
8,171,600

316,000

....

by
sinking
Capitol
paid
been:

J.
A.
A.
J.
J.
F.
F.

tr

;>

6

5
6
6
6
6
3 to 5
3 to 5

Raleigh, Treasury.
A J.
New York,
A O.
do
A O.
A J. N. Y., American Exch.
do
do
A J.
A A. Phila., Farm. & Mech.
do
do
do

do
do
do
do
do

,

1,1883
July 1,1891
Oct. 1, 1892

Jan.

1909

1868 to ’98
1883 to’85
1868 to ’98
Indefinite.

Oct., 1898
1898 to ’99
At will, 1882-’8S
Jan., 1887

B’k.

1,1902

Feb.

B’k.

Aug. 1, 1904

July, 1882
July. 1882
Feb. 1, 1912
Aug. 1, ’83 to ’92

do
do
do
do
do

do
do
do

1922

1882
1883

Sept. 1,
April 1,
July 1,
Aug. 1,

1893
1894

1871 A ’81

Columbia, State Treasury.
Columbia and New York. July 1,1887 to ’97
July 1,1875 to’79
Columbia, Treasury.
July 1, 1888
Columbia and New York,

do
do
do

do
do
do
N.

Y., National

Park Bank.

Nashville, Treasurer,
do
do
do
do

A J.
New York.
A J.
State Treasury.
Various
M. A S. New York, Bank of N, Y.
do
i
do
J. A J.
do
do
J. A J.
J. A J. ?ew York A State Treasury.
do
do
J. A D.
N. Y., Winslow, L. A Co.
J. A J.
London, Baring B. A Co.
J. A J.
Richmond, Treasury,
J. A J.
do
J. A J.
do
J. A J.
J. A J.
J. A J.
J. A J.

J.
J.

and rate of tax per $1,000
Real Estate.
Years.

Personalty*.

$85,633,873

$40,083,341

77,609,666
12, 539.)

1878-79...
1379-80...
1880-81...

Oct., 1893
July, 1887

Harrisburg Treasury.
Providence, R. I. H. & T. Co.

The old issues yet fundable
liave been :

$5,336,104.

Due.

Whom.

Bank,

6 g.

533,700

financial condition of the State has been fortified
all debt except the canal debt, as above. The
1881, amounted to $2,423,981. The new
building lias cost the State thus far $13,000,000, but this has been
for by taxation.
Valuations and tax rate for State purposes have
Real Estate.
Personal.
State Tax.

New York.—The
the payment of
funds on Sept. 30,

'/

Principal—When
pal—

and by

J. A J. N. Y., Manhattan Co.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
A. A O.
J. A J. N. Y., Nat. Bk. of Republic,
do
Various
do
Various
do

6
3
6
7 g.
7 g.

(0
75,000

Where Payable

When

A A.
J. A J.
4*2g. J. A J.
3*2 A 4 F. A A.
3*2 A 4 F. A A.
6
M. A S.
6
A. A O.
6
J. A J.
6
F. A A.
6
J. A J.
6
6 g. J. A J.
9 g- J. A J.
<5 g- A. A O.
A. A O.
6 g.
6 g. J. A J.
6 g. J. A J.
J. A .1.
6
J. A J.
6
J. A J.
5 A 6

397,000

1,000

% fundable
Old Donds, sterling, not required to be funded
Consol.) Act Mar. ’71) coup, tax receivable:...
do '
do
reg., conv. into coup...
do
(Act 1872) “ Dealer,” cp. not ree’blc .
Deferred certificates (W. Va.)
New funding bonds, 10-40s, ($449,300 reg.).! i

Yirainia—Old bonds,

2,000,000

1,000
1881
1856

Registered loan, payable after

War bonds
do
do

W.2So

$50 Ac.

INTEREST.
H

Payable

6 g.
6 g.
6 g.
6 g.
6 g.
4
6
6
6
6
6
6
4
6
5
4
5 g.

1,562,900
638,200
4,302,600

500 Ac.

not fund. (Chatham and W. AT.)
Registered certificates of literary fund
Penitentiary bonds, act Aug. 24, 18(58
Special tax bonds
0/^V-Registered loan of 1881

Rhode

Rate.

$473,000

.Po^o

1,000
1,000

Carolina—Funding bonds tax-receivable.
of funding

Old bonds in process
Bonds to North

Railroad bds,

Size or
outstanding.
par

Value.

.

York—

any error discovered in these Tables.

great favor by giving immediate notice of
Amount

DESCRIPTION.

New

Yll

SECURITIES.

STATE

41,785,768

36,574,858

76,583,866

July
July
July
July
July

1,
1,
1,
1,
1,

1888

1889
1882

1S93
1914

1875 to 1900
Various.

July 1, 1990
1891
1911
1892

March 1. 1904

July, 1906
1909
1886 to ’95
*1886
1905
1905

Contingent
19)9
1919

stood as above. Valuations

Tax Rato.

Railroads.

2$i
4'k

$6,520,772

7,392,900
13,767,400

5

—(V.33, p.
$361,960,110
2*»io
given
32, p.
352,469,320
2Sti:i1000 Tennessee.—The3funding bill wasgiven in V.the full387. This provided
1879 /
bonds at
per cent to be
for
luce of the old and
1880
322,468,712
3Je
12 overdue coupons, including that of July, 1881. Coupons were to bo
1881.
340,921,916
2':±
tax-receivable. The question of the validity of this law went to tho
-(V. 32, p. 70.)
State Supreme Court on appeal, and on February' 10, 1832, the Court
Assessed
North Carolina— Interest is paid on bonds issued to No. Carolina RR. held the law unconstitutional. (See. V. 24, p. 178, 205.)
follows:
($2,795,000), as the Slate holds $3,000,200 stock and receives dividends valuations and tax rate per $1,000 have been asRailroads.
Rate.
Personalty.
thereon. The funding law of Mar. 4,1879, provided for funding old ante- Years.
Real Estate.
$1
$
bonds at 40 per cent of tile face value ; “New ” railroad bonds recog¬ 1877.... $212,589,045
$24,319,803
20,871,338
nized
valid at 25per cent; funding bonds of 1866 and 1868 at 15 per 1878.... 202,340,815
16,952,036
cent. Nothing for overdue coupons.' Coupons of the new bonds are re¬
196,165,644
1879....
16,375.894
16,133,338
ceivable for taxes.The funding ended Jan. 1, 1882, and at that time a 1880....
195,635,100
2; V. 34, p. 178, 205.) >
large amount of the fundable bonds had not conic in. Sec V. 33, p.
579 V. 33, p. 66:
62, 253, 3S7,
744.
If all were funded the new 4 per cents would be $3,900,000. -(V. 32,
Special tax bonds are ignored, and also bonds to Chatham RR. 1868;
Texas.—Tlie old liigh-rate bonds have been redeemed and low*-interest
$1,060,000, and to Williamston A Tarb. RR., $150,000, and lor Peniten¬ bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Rate
Total Val’tion.
tiary under acts of 1868. Assessed valuation of real estate is about 60
Personalty.
Real Et
$5
$257,632,009
per cent of true value. Valuations and tax rate per $100 have been
$83,307,833
4,176
1876....
318,935,705
106,237,273
Real Estate.
Years.
Personalty. Total Val nation. Tax pr. $100 1877.... 212,693,432
303,202,424
115,480,050
1877
$54,212,243
$146,370,493
38 1873.... 187,72 2,374
$92,158,245
5
300,525,407
1878
91,079,834
142,308,102
51,223,268
38 1879.... 186,297,495
114,227,912
1879.
157,967,481
24
-(V. 32, p. 115 ; V. 33, p. 52S, 560, 612, 741.)
Virginia.—The accumulated arrearages of interest on the debt proper,
October 1, 1881, were* $3,565,331. The law of March 28. 1879, for
Ohio— Ohio has
very small State debt, but large local debts, amount¬
refunding the debt, was given inC'HRONiCLE, Vol. 28, p. 353. The new
ing in 1881 to $44,114,100, against $25,957,588 in 1875, this increase bonds
10-40 year bonds, and bear 3 per cent lor 10 years, 4 per cent
being mainly in Cincinnati debt. Valuations in Ohio have been as follows:
20 yrcars, and 5 per cent for 10 years, coupons tax-receivable.
Real estate.
Personalty. I
Real estate. Personalty. The total interest on all the acknowledged debt is $1,523,516 per year,
1860.. $639,894,314 $248,408,290 | 1879.$1,093,76S,904 $442,979,885
tax-receivable coupons, leaving only
of which $1,117,724 is in
1866.. 663,647,542 442.561,379 11880. 1,102,049,931 456,166,034
$105,791 pay able in cash.
In January, 1882, a law was passed,
1878.1,091,116.952 461,460,552 | 1881. 1,101,457,333 485,750,196 prohibiting the receiving of coupons in payment of taxes, and in
State tax rate, 29io mills.
February ithe Riddlebetx-.er law for readjusting the debt (see V. 34, p.
88). The circular of Messrs. Maury &
Richmond, said : This fol¬
Pennsylvania.—Sinking fund, $6,625,753. Revenue is raised prin¬ directs that the bill shall be refunded Co., newT 3 per cent bonds as bill
in
cipally from corporations. Taxes-are levied on personal property. The
State holds $1,754,331 in stocks and $7,900,000 of railroad bonds. Any
$14,369,974, allowed 53 per cent
bonds may be changed to registered. (V. 33, p. 623; V. 34, p. Consols
8,517,600,

$2,373,418,190
2,333,669,813
2,315,400,526
2,340,335,690

1878

for new

Tax

war

1
1
1

as

,

;

p.

Tax

date.

Years.

5
5

a

are

lor

lows :

li

coupon

20.)

created for war purposes. In Jan.,
1380, the net debt, less sinking fund, was $1,828,013. The State valua¬
tion of real property in 1876 (the latest made) was $243,658,190,
Rhode Island.—The

and

debt was all

tax rate 1879, 12 cents on $100.
Carolina.—The funding law of Dec. 23, 1S73, provided

personal, $84,872,369 ;

South




do

for scal¬

2,394,3(>5,

coupons

Unfunded 6s
Literary

fund

do

consols were again “re-adjusted”
Dee. 3,1873. Dec. 24, 1878,
November, 1881. the consols
stood at $5,336,104, which amount was made up as follows: Brown
consols actually issued, $3,165,832; green consols not yet exchanged,
$2,885,203, less amount invalid, $714,932; balance, $2,170,274; total,

ing down the old debt 50 per cent. The
in 1879. The several acts were passed
Dec. 24, 1879, and February, 1880. In

Ten-forties
Peelers

1,072,545,
3,773,493,

1,428,245,
coupons

379,270,

44

44
44

41
44

60
69
80
69
63

cash

1880 were: real estate, $234,272,951; personal,
The receipts of the State Treasury in
$2,032,345, and current expenses, $2,152,028, leaving
ance.
Tax rate, 5 mills. The U. S. Supreme Court in January,
held the coupons of consol, bonds not taxable by the State.
p>
123; V. 33, p. 562; V. 34, p. 88, 179.)
Assessed values in

$70,391,018.

1880-81 were
$480,3171881,
bal¬
(V. 32,

CITY

Vlll

Subscribers will confer

a

[Vol. XXXIV.

great favor by giving Immediate notice of any error discovered in these Tables.
Date of

DESCRIPTION.

Size

bonds.
For explanations see notes on

SECURITIES.

par
value.

lirst page of tables.

INTEREST.

Amount

or

outstanding.

Rate.

■When

Principal—When

Where payable and by
whom.

Payable

Due.

is

Washington Park ($40,000 are 5s, due 1920)

.

New Post Ollieo site

High School
Water debt ($400,000 due 1900-3, are 7s)
Western Avenue improvement bonds
Bonds loaned to Albany A Susquehanna RR..

$150,000

6

1,000

448.000

7

1370-’81

1,000

1S74
1875

City improvement

$1,000

1870-’71

Albany, X. Y.— Purchase Congress Hall Block..

1,000
1,000
1,000
1,000

1866

1874-’77

1877
1865
’66-’67-’72
Atlanta, Qa.— Bonds for streets, Ac
Bonds. A. L. Railroad for and State House..
1869-’70
Bonds for West. RR. and floating debt
1872 & ’77
1874
Bonds, 1st and 2d series, waterworks...
1877
Redemption bonds
do
1875
do
1880
Various.
Augusta, Ga — Bonds for various purposes
Baltimore—Consolidated loan of 1800
Various.
Water loan, reg. stock, red. at will after 1916
1877
1873
Funding loan, reg. stock, tax free
Consolidated bounty loan
1863
1865
Exempt bounty loan
Public parks (Druid Hill)
1860
Park improvement loan
1863
Five million loan to Baltimore & Ohio RR
1853
One million loan to Pittsb. & Connellsville RR
1853
New City Hall
1868
do
do
1870
do
do
1874
Consolidated loan
1864
1881
Paving loan

996,000 4, 5, 6, 7
7
115,000
7
49,000
6 A 7
900,000
6
165,000
6
1,000,000
8
436,000
7
400,000
8
418,000
7
430,000
8
77,000
10
52,000

1,000
500 Ac.

1,000
500 Ac.

1,000
500 Ac.

1,000

1872

1874
1880

100 Ao.
100

2,060,000

Ac.
Ac.
Ac.

7,306,546
5,000,000
1,000,000
2,211,068
410,353

Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ae.
Ao.
Ac.
Ac.
Ae.
Ae.
Ac.
Ac.
Ac.

70981781
-

Funding loan

1870

Wdhtern Maryland Railroad
Jones’ Falls ($780,000 are 5s)

1872

1673

Valley Railroad
Water loan ($263,000 only are 6s)
Harford Run improvement loan
Endorsements for Western Maryland RR
do

do

500.000

m

m

‘

1861

Knox A Lincoln Railroad ($23,750 each year)
1869
do
do
(F.AA.and M.AS)
1871-’72 Various.
1852 to ’64
Boston—City purposes, war debt. &c
1,000
1864 to ’80
City debt and Roxbury and Charleston
1,000
do
1878~’81
registered
do
do
1880
do
do
1879
do
.do
1877
..

....

•

.

•

«

....

....

City debt and Roxbury and Charleston
Roxbury debt
.'
Brighton and Whst Roxbury
Dorchester and West Roxbury and Brighton.
Burnt district, sterling loan
Consolidated street improvem’t, sterling loan.

Various.
Various.
Various.
....

....

....

....

....

£100Ac
1873
1869
£100 Ac
Mystic water debt, assumed
1862 to’76
1,000
Cocliituate Water loan, 6 per cent.
1866 to ’76
do
do
5 per cent.
1875 & ’78
do
do
4 per cent.
1878
do
do
1872
£100 Ac
Sterling...
do
do
5 per cent
1875-’76
do
do
do
1879
do
do
4
do
1879-’80
1861
Brooklyn—Brooklyn local improvement loan...
1,000
Mount Prospect Square loan
1857
1,000
Soldiers’ aid fund loan
1865
1,000
Gowauus canal improvement loan, local
1866
1,000
Bushwick avenue
do
do
do
1865
1,000
SouthSeventh st.
do
do
do
1866
1,000
Union street improvement loan, local
1867
1,000
Fourth avenue
do
do
do
1862 & ’67
1,000
Wallabout Bay
do
do
1867
1,000
New York Bridge loan, registered and coupon
1870
1,000
Bonds for N. Y. & Brooklyn Bridge, cp. or reg.
1876-’79
1,000
1860 to ’73
Prospect Park loan, registered and coupon ...
1,000
....

100,000
500,000

1,000,000
925,000

102,500
193,000
425,000
417,500
420,600
2,786,500
11,300,500
2,247,009
1,795,000
450,000
515,000
328,000
58,000
60,0.00
297,000

Sewerage fund bonds, continuous, local

1868

1878-9-80

1,000
1,000

1,000

1,000
1,000

5

5^
613
7
5 g.
5 g.
5 A 6
6
5
4
5 g.
5 g.

3-270,454

1,153,000
4,901,000
13,000

588,0001,947,273
3,552,000
268,000

362,000
213,000
90,000
552,000

140,000
150,000
177,000
260,000
207,000

....

1860 to ’72
1857 to ’72
1872 to’75

4^g.
41*2

4,997,604

....

do
do
Kent Avenue Basin loan

5 A 6
6
5 A6
4
6
6
6
6
6
6
6 A 7
5 A 6
6
6
6
6
5 g.
6
4 ‘
4 g.

117,000

....

Prospect Park loan

6

136,000

....

Permanent water loan

4
6

4,000,000
450,000

m

Various.
Various.
Various.
Various.

6
5

.

800,000
1,000,000
1,580,000
1,015,300

Bangor, Me.—City debt proper
1858 to ’72 100 Ac.
1874
Municipal loan
1,000
Water loan bonds, coup. (Act Feb. 22, 1875).
500 Ac.
1875
European A North American Railroad
1869
1,000
Bangor & Piscataquis Railroad
1869
1,000

Androscoggin Railroad

6
6
6

1,875,000

m

6
6
6
6
6

‘

1,029,061
45,000

......

Railroad loan

5
5

555,566
185,723
5,000,000
1,000,000
1,000,000
1,000,000

....

Union Railroad

Bath,Me— Fund.debt($24,500are6s, ’87, J.AJ.

5
7
6

68,500
250
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100

314,000
3,000,000
7,432,000
8,019,000
1,217,000
8,228,500
1,439,500
232,000
1,475,000

Albany—The loan to Alb. & Susquehanna is secured by first mortgage.
Albany County in 1880 was, approximately: Rea)

The valuation of

■estate, $49,000,000; personal, $4,500,000—estimated to be about onelialf of true value. City tax rate 1879, 2-84. Popu lation, 90,713 in
1880; 69,422 in 1870.

Atlanta—The total bonded debt Jan. 1.1882, was $2,196,500. Assess-ed value real of estate in 1881, $14,721,833; personal, $7,474,258.

F. A
yi. a
M. A
M. A
M. A
F. A
F. A
M. A
J. A
J. A
J. A
J. A
J. A
M. A

'

6
V

7

4,5,7

Loaton, Merchants’ Bank. Feb., 1885

a

New York.

to

’04

March,’goto lfloo

N.
do
1910-21
N, N. Y., Merchants' Nat. Bk.
May 1, 1004
N.
do
do
May 1,1881 to’85
do
A.
do
Feb. 1,1893-1912
A.
do
do
Feb. 1.1883-4-5
N. N. Y., Del. A Hud. Canal Co.
1895-’97
J. AtlantaAN.Y.,Am.Ex.N.Bk
1881,’86 &’92
do
J.
do
J. & J., 1890
J.
do
do
J. & J., 1902
J.
do
do
Jan, 1, 1904
J.
do
do
Jan. 1,1897
8.
do
do
Sept. 1,1885
-

,

....

....

Various

Augusta.
Q.-J. Balto., Farm. A Plan. Bank.
M. A N. Balto., Nat. Merchants’ Bk.
M. A N.
M. A S.
M. A 8.

do
do
do

1882 to 1905

July 1,1890
July 1,1916
After July, 1916
Sept. 1, 1893
Sept. 1, 1893

do
do
do

Q.—M. Balto., Nat. Mechanics’ Bk.

Q,—J,
Q.—J.

do

Sept. 1,1890
Jan. 1, J895
Jan. 1, 1890
Jan. 1, 1886
July 1, 1884
April 15,1900

do

Balto., Farm. A Plan. Bank.

J.

A J. Balto., N. Mechanics’ Bank.
Q:-J. Balto., Farm. A Plan. Bank.
do
do
Q.-J.
do
do
Q.-J.
March 7, 1902
do
do
Q.-J.
After 1885
M. A N.
City Register’s Office.
After Nov.l, 1920

Balto., Farm. A Plan. Bank.
A J. Balto.. N. Mechanics’ Bank.
do
do
Q.—F.
do
A. A O.
do
J. A J. Balto., Nat. Merchants’ Bk.
J. A J. Balto..'City Reg'ter’s Office.
J. A J. Balto., N.Mechanics' Bank.
J. A J. Baltimore, Franklin Bank.
Various Boston, Merchants’ N. B’k.
do
J. A J.
do
do
do
J. A J.
do
J. A J.
do
do
A. A 0.
do
M. A S
City Treasury.
Various Boston, Second Nat. Bank.
A. A O. Ciiy Treasuryand Boston.
do
do
J. A J.
do
Various
do
V arious Boston, Treasurer’s Office.
do
Various
do
do
Various
do
do
A. A O.
do

Q.-J.

July 1,1900

J.

Jan. 1,1902
April 9,1900

Oct. 31,1886
July 1, 1894
Jan. 1,1895
1881 to’92
Jan. 1,1894

*

do

Various
Various
Various
Various
A. A 0.
J. A J.
Various
Various
Various
A. A 0.
A. A 0.

April 1, 1899
1887 & 1898
*83, '85 & ’98

April 1, 1891

July 1,1882 to’99
1891 & 1902
1881 to ’87c
1881 to ’97
1887-1901

Apr.,’90 A 1900

cto

do

July 1,1905

Jan. 1,1894

do

do

A. A 0.
Various

A. A
4 g- A. A
7
M. A
6
J. A
7
J. A
7
.1. A
7
J. A
7
J. A
7
J. A
6 A 7
J. A
7
J. A
7
J. A
5, 6 A 7* J. A
7
J. A
6
•J. A

41*2g.

A.

do
do
do

do
do
do

Oct... 1889
1887
Various.
1881 to’82
1881 to’82
1831

do

London, Baring Brothers.

April. 1893

do

July, 1899
1881 to’94
1831 to 1901
1907-1908

Boston, Treasurer’s Office.
do
do
do

do
da

do

.

London, Baring Brothers.
Boston, Treasurer’s Office.
do
do

0.
O.
N,
J
J.
J.
J

1905-1903
1909

do
do

Brooklyn.
do
do
do
do

1909-1910
1891

]

1887
g

1885 to ’90
1882 to 90
1882 to ’90
1882 to ’90
1882 to ’8.6
1882 to ’95
1882 to ’90
1899-1924
1905 to 1920
1915 to ’24
1915 to’24
1882 to 1912

cS
ca

CO

.

ci

S

do

J
J.
J.
J
J.
J.
J.
J.
J. A J.
J. A J.
J. A J.
J. A J.

do
do
do
do
do
do
do
do
do
do

1903

Oct., 1902

cS o
0

1

P<M
g

g

1882

do

1

3 years

from date.

Bath, Me—The city holds a first mortgage on the Androscoggin road
for the debt, and second and third mortgages on the Knox & Lincoln for
its proportion of $895,000 out of a total or $2,395,000 bonds issued by
several cities in aid of the latter road. Tax valuation, 1880—real estate,
$2,693,750; personal, $3,881,469; total, $6,575,219.
per $1,000.

Tax rate, $25

Boston—The population of Boston in 1880 was 362,535; in 1870,
Population, 37,825 m 1880; 21,789 in 1870.
292,497. against 177,840 in 1860. The total funded debt April 30,
Augusta.—Of this debt, $600,000 was issued for railroads, and balance 1881, was $40,949,372,and net debt, $26,005,620. The tax levy in 1881
for canal enlargement, water works, Ac. Sinking funds, Jan.
1, 1882, is divided as follows: State, $619,110; county, $260,000; city, $8,173,$173,750. Taxable valuation in 1881: Real estate, $9,225,675; per¬ ! 282. The rate on $1,000 in 1880 was as follows: State, 86 cents;
sonal, $5,681,833; tax rate, $1 58*3 per $100.
county, 27 cents; city, $14 07; total, $15 20, against $12 50 in 1879.
Baltimore— The fiscal year of Baltimore ends now with December 31 Assessed valuation on May 1 for five years have been :
The total of all sinking funds, December, 1881, was
Tax
Real
Personal
$8,150,286. The
Baltimore A Ohio Railroad pays interest on $5,000,000: Water loan is Years.
Net Debt.
Estate.
Rate.
Estate.
paid by income of water works, and Public Park by City Passenger Rail¬ 1877
$13 10
$27,480^524
$481,407,200
$205,433,386
way, and against a total debt of $36,381,351 the city has $20,121,594
12 80
1878
26,159,777
190,070,966
440,375,900
productive assets (including the sinking funds), leaving F$16,081,595, 1879
12 50
26,229,666
184,545,700
428,786,300
.against which are held $5,150,780 of improductive assets; interest is 1880
15 20
27,842.104
201,858,600
437,230,600
raised by taxatiQn on $12,916,386 of debt.
13 90
Population in 1870, 267,354, 1881
26,005,620
455,382,600
210,130,300
in 1880, 332,313. Assessed valuation and tax rate have been:
—(V. 32, p. 99; V. 33, p. 939
Real
Personal
Total
Rate of Tax
Years.
Estate.
Property.
Valuation.
per $1,000.
Brooklyn.—The whole citv debt was as follows on January 1.1882:
$178,572,032
$77,533,309
$256,105,341
19 7212 Permanent debt. $20,857,600:
water loan, $9,830,500; temporary
179,958,592
70,308,003
249,266,595
19 00
debt, $7,239,551; tax certificates, $4,270,000; total, $42,1M7,0d1 ; lees
1879...... 183,580,023
60,463,158
15 00
244,043,181
sinking fund, $4,022,629; net debt. $38,174,421. Tax rate 1880, $26 90.
1880
187,387,000
65,613,000
13 70
252,900,000
Population in 1870, 396,200, against 554,465 in 1880. Valuation ot
Assessed valuation is near the full cash value. In 1880, after all
abate¬ property and tax rate per $1,000 for five years have been:
ments, the real taxable basis was $241,980,638.
Rate.
Personal.
Years.
Real.
Bangor, Me.—The loans to Eu. A No. Am. R. R. to Bangor A Pis. R. R.
$31 72
$216,481,801
$13,111,215
are secured by first
mortgages on those roads, and interest mostly paid
27 00
218,373,093
14,968,911
from the earnings. Valuations (near full value) and tax rate have been :
25 50
3 879..,
12,562,500
220,363,499
Years.
Real Estate.
26 90
Tax rate.
Personalty.
11,215,794
223,620,197
$6,598,927
23 77
21-33
$3,043,534
15,137,040
240,128,905
6.381,853

2,692,211
6,373,068
2,711,460
Municipal property, including water works, about $800,000
tion, 16,851 in 1880; 18,829 in 1870.




22-50
....

Popula

..

..

..

..

..

,

of Kings County, separate from the debt of Brooklyn, is
$4,000,000, of which the city is responsible for nineteentwentieths. (V. 3<9, p. 743.)
The

debt

about

t!

1882-1

February,

Size

Date of
Bonds.

description.

TTnintflrhnplrAP n.V- ftAWPT

si

_•»

i

«

Boulevard bonds

1879-80-81

.

Sorary tax certificatesbonds
JV. r.-Funded debt
,

"Buffalo efe Jamestown

.

Railroad...............

York & Philadelphia
Water works bonds

Buffalo Now

.

Railroad.

.

.

bonds, coupon

Water

1,000
1,000

1870
1873

hOTl(

1853 to’75
1873 to’75
1871 to’73
1868 to/76
1876
1876
1876-77-78
1878
1879-80
1880
1858 to’63
1864
1863
1856 to’76
1873-74
1874-5
1866
1866 to ’77
1865
1867 to’75
1869-71

1,000
1,000
1,000
1,000

May 17,1875)

bonds, reg
Bonds, coup, or reg

Water

City

-

&c., coup, or reg

Bonds, water,

Cambridge,

.

1,000

100,000

1,000,000
700,000
2,729,382
100,000

Mass.-City bonds

bonds

do
do
do
do

-

Water loan
dO
do
do
do

;

Charleston, S. C— City
City bonds, coupon
Fire loan

coup, or reg.

Chelsea, Mass—Funded
Funded debt, coup
do
do

500 efcc.
500 <fcc.
500 efcc.

1,000

500 &c.

1,000
1,000
1,000

1879

...

debt, coup.

....

m

bonds

m

3,372,900
110,000

.

bonds

.

m

.

500 Ac.

1880

improvement bonds
Municipal bonds
Municipal and School bonds.-.......
Mun'cipal bonds (refunding loan) ..

3,625,000
2,133,000

River

186,000

2,536,500

.

debt

843,500

Bonds for erection

of a Workhouse.

1,000
1,000

1860 to’61

1855
1847 to’50
1847 to ’48

500 etc.
500 «fcc.

1,000
1,000

1867-’68

Bonds for funding floating debt
Extension and improve. Water Works..

I
.K <fcF

1853
1853
1858
1809
1869
1869
1871

1,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000

1971-’72 *

Cincinnati Southern RR
do
do
do
($3,200,000 are golc
do
do
do

Floating debt bonds, coupon
Park improvement
WTater-works bonds

D1

500 etc.

1,000

500 etc.

1,000
1,000
1,000

1,000

1,000

1876

Hospital bonds
Street improvement bonds, short.

Deficiency loan (redeemable after

1871
1872
1872
1876
1879
1874
1875
1875

•

0

0

.

.

1891)

*■

Funded debt

($203,000 Cs, $32,000 5s)

Lake View Park
Canal and canal lock ($11,000 are
School ($100,000 are G p. ct.)
House of Correction

Gs)

1872 to’80
1874 to ’79
1868 to’71

..

....

....

1875

personal

and

real

5

4
500,000
6 & 7
800,000
1,8 45,000 4, 5, 6, 7
7
318,250
6 efe 7
275,000
6 et 7
7

250,000

184,000

....

assessed at
$39,968,105; in 1876 rule of valuation changed and assessment was
$111,995,905. Since that date valuations have been:
In

1882-1890

Redemption Aug. 1,1887-’95
1905
1882 to ’98

J. N. Y., Am. Ex. Nat. Bank.
do
do
J.
J.
J.
J.
J.

July 1, ’82 to ’95
1881 to ’95

do
do
do
do
do
do

do
do
do
do
do
do

J.

July 1, 1900
1890 to ’95
July', 1895 <fe ’96
1885 to ’99
1901

1,1885-’92

6
6

1,337,000

....

1868

Boston, N. Bk.

1890
1888 to 1897
Jan. 1, 1909
18S2
1882 to 1895
Feb. 17, 1883

May

395,291

....

1883 ,fe ’84

4^2 to 7

75)0,000
210,000
250,000
300,000
99,000
195,000
397,500
146,500

1876-’77

1880
1,000
100 etc.
1881
1872 to’76
1869 to’rtl'

Bank,

Rre)e)k1vn

M. efe N. N. Y., Metropolitan Bank.
18S2 & ’84
Various N. Y., Am. Exchange Bank.
Nov., 1885
do
do
M. efe N.
June, 1888
do
do
7 3-10 J. efe D.
1888 & 1889
do
do
Various
7 3-10
Jan., 1890
do
do
J. & J.
6
Nov., 1890
do
do
M. & N.
6
April 1, 1895
do
do
A. efe 0.
6
March, 1897
do
do
M. efe N.
6
1897
do
do
7 3-10 Various
750,000
Jan., 1900
do
do
J. efe J.
6
60,000
June efe Oct., 1900
do
do
Various
6
175,000
March, 1908
Cincinnati.
M. efe 8.
6
100,000
Sept., 1899
N. Y., Am. Exch. Nat. Bk.
7 3-10 M. efe 8.
150,000
Sept., 1899
do
do
7 3-10 M. efe S.
150,000
Oct., 1899
do
do
7 3-10 A. efe 0.
100,000
March 1,1886
do
do
7 3-10 M. efe 8.
136,000
do
Aug., 1886-’97
do
F. & A.
7
450,000
Dec. 1, 1891
do
do
J. (efe D.
7
600,000
July 1, 1902
do
do
J. efe J.
7
576,000
July 1, 1902
do
do
7 3-10 J. efe J.
8,362,000
Mav 1, 1906
New York or London.
4,981,000 6g. or 7*3 M. efe N.
Nov. 1, 1908-’09
M. efe N. N. Y., Am. Exch. Nat. B’k.
6 & 7
1,844,000
do
May 15, 1904
do
M. efe N.
7
1,000,000
Jan. 1, 1896
do
do
J. efe J.
7 .
50,000
Aug.,’85. ’90 &’95
do
do
F. efe A.
7
300,000
May 1889-1909
do
do
M. efe N.
5 et6
175,000
May 1, 1906
do
do
M. efe N.
7
50,000
1880 to’83

4,941,500

’

J. efe
J. et
J. efe
J. et
J. et
J. &
J. et

7
6
7
4

2,608,000

500 etc.
1881
1865 to’80 500 Ac.
1843 to’54
1,000
1855
1,000
1868
1,000
1868
1,000

F. et A

412

490,000

...

1,000
1,000

.

»

date.

1882
1883
1882-3-4
1881 to 1895
1893 to 1895
1881 to 1893
1880 to 1926

^

Q.-J.

6
7
4U-.
6
6
6
7
7

106,000
200,000
153,«00
330,000

[

do

Nassau

do
Various
do
J. & J.
do
A. & O.
do
J. et J.
A. efe 0. Boston, N. Bk. Redemption
do
do
Various
do
do
F. efe A.

5^

992,000
100,000

1,000
1,000
1,000

500,&c.
1,000

Water loan—

Cook County

•

m

1,000

Chicago—Water loan
do

m

100 &c.

notes

Sewerage

m

m

Water loan, coup

Sinking fund

m

m

m

1853 to’54
1866

bonds, coupon

do

1,000
1,000

....

stock

150,000
99,000
100,000
150,000
1,597,000
689,000
514,000
100,000
774,000
55,000
435,000
162,000
92,450
160,500
133,200
500,000

1,000

500 &c

)■

Buffalo and New York.
Various
'
Buffalo.
Various
Buffalo and New York.
Various
do
do
Various
July 1,1896
N. Y., Gallatin N. Bk.
J. & J.
Prior to 1936
Buffalo efe New York.
M. & 8
do
July, 1881-’83
do
J. efe J.
*
do
Sept. 1, 1898
do
M. & S.
1899 efe 1900
do
do
Various
do
Sept. 1, 1904
do
M. & S.
1880 to 1882
Various Boston, Bank Redemption.
do
April 1,1889
do
A. & O.
Jan. 1, 1893
Boston, Tremont Bank.
J. et J.
Tan. 1,1881 to '96
J. & J. Boston, Bank Redemption.
Jan. 1, 1903-4-5
do
do
J. & J
do
Apr.efe Oct. 1/84-5
do
A. & 0.
July 2, 1386
do
do
J. & J.
July 1,1881 to ’97
do
do
J. & J
do
Aug. 1, 1883
do
F. & A.
Apl. 1, 1887-1895
do
do
A. & 0.
May, 1889-1891
do
do
M. & N.
1868 to ’93
Charleston.

5
4 & 5
4
5
5
5 g.
6
6
6
6
6
6
6
6
6
6
7
7
4

275.000

1000 Ac

do

& J;
& J.

_

5, 6 *& 7

704,632
50,000

....

J.
J.

7
7
6 efe 7
7
7
7
7
6
6

2;099;250

97881
Park bonds (Act
Tax loan bonds

1882
Brooklyn.) Coupons (
3 years from
do | paid at

& J.

4, 5, 6, 7 J. & J.

3,130,000
418,000
842,000
4,270,000

1,000

1877-8-9

.

J.

Due.

Whom.

Payable

7

Tables.
these Principal—When

Payable and by

Where

When

Rate.

$100,000

$1,000

1876

i

.-

outstanding.

Value.

s

^BewenTge^fimd^bonds. continuous, S’tli B’i
fund bonds, continuous, local

Amount

or

par

{^“explanations sec notes on first page of tables

AHsefisment

Immediate notice of any error discovered In
INTEREST.

great favor by giving

will confer a

snhHcriberg

IX

SECURITIES

CITY

property was

M. efe N. N. Y,, Am.
do
J. efe D.
Various N. Y., Am.
do
Various
do
Various
do
Various
do
Various
do
A. efe O.

Exch. Nat. Bk.
do

Exch. Nat. Bk.

Real Estate.

1, 1910
1901

1892-’93- ’95
1883 to’96
1882 to ’92
1894 to ’90>98
1882 to’88
1883 efe ’84

Equalized Value.

,

Years.

do
do
do
do
do

After May
June l,

■>

Personal.

Tax

Rate.
$28 60

$91,152,229
$1:6,817,806
89,031.955
28,101,678 ,
Tax Rate
'
90,099,045
29,052,906
JeF8Real estate.
- Personalty, per $1,000.
value of real estate
true
JgZZ
$91,130,870
$8,844,705
$12 43 The assessed 1870 was 306,605, andisinabout one-third of itsSouth value,
1880, 503,298. The
Park,
i
80,929,165
7,947,380
17 60 Population in
Buffalo also pays 7-10 (being $712,390) of Erie county debt. Coupon West Chicago Park and Lincoln Park loans are not debts of the city,
bonds are exchangeable for registered.
Population, 154,766 in 1880; but of distinct corporations.
117,714 m 1870.
Cincinnati.—In addition to the issues above named there remains
Cambridge, Mass-The sinking funds amounted to $005,281, Novem¬ several smaller amounts, as follows: $108,000 5s, November, 1884;
ber, 1879.
The investments are nearly all in city bonds at par and
stamped “not negotiable. Only $52,000 debt matures before 1881.
valuation, i875, $66,623,014; 1877 . $55,000,000; 1879, $49,238,November, 1879, $3,254,000. Population, 52,860 in
population was 216,239, against 255,804 in 1880. The following table
1880; 31*634 ip 1870.
from the books of the Auditor of Hamilton County, Ohio, exhibits the
Charleston, *S\ C —The bonds of Charleston are mostly held within the assessed valuation of the city of Cincinnati in the year I860, and from
1880

__

,

ot

otate

South

Estate.

Ae„ars'

,

Conversion bonds of 1879 are issued in
Assessed valuations and tax rate have been:
Real
Personal
Rate of Tax

Carolina.

exchange tor city stock.

$18,669,623

Property.

$7,922,155 *

18,313,450

fSn

-

8,108,706

17,137,255
15,017,595

0,272,468
6,555,864

per

15,182,845
7,244,212
-Population, 49,984 in 1SS0; 48,956 in 1870.
Smkiug fund, January 1, 1882. $182,082.
1

'

*

-

•

$1,000.
$22 50

22 50

20 00
25 00

Real
Estate.

Years.
1860
1870
1871

78,730,482
123,427,888

.

.

22 50

and gross

1876

.

1877

.

ThAA!2!/70,rJ’hc. ll(:t ^ided debt January -1, 1881, was $12,752,000.
limited to 5 per cent of the Illinois State valuation,
tle(l
$3,955,000 is on account of the Water Works, which
tia an income much above the interest charge on the debt

$31,411,912
57,370,754

.

.

$1,000.

$93,032,716
136,107,236

$17 45

180,361,932

129,043,880
131,272,619

38,033,016

169,303,63.>

125,976,835

127,14 3,900

..

.

Tax per

175,084,296
185,645,740
181,950,074
184,498,565
183,952,966
179,430,142

121,479,280
123,231,790

.

56.934,044

Total

Valuation.

55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
43,830,188

119,621,856

.

1878....
1879

Estate.

$61,620,904

.

1872
1873
1874
1875

pWo*L,(><,1’H0()* in 1880 ; 18,047
1881, $15,761,537; tax rate, $19 00.
Population, 21,780 Tax valuation. in 1870.

Personal

172.874,068

31 60
22 20
20 lO
23 06
23 38
28 82
27 04
29 10
28 54
26 37

Of

vini.i
j

o

•

'

-iq77
0/8




Equalized Value.

Real Estate.

Personal.
$32,317,615

104,120,053.

27,561,383

Tax

Rate.
$27 40

28 60

Cleveland.—The sewer, street
are

for

opening bonds
assessments on the

improvements and street

special local improvements,

and redeemed by

SECURITIES.

CITY
Subscribers will confer a great favor

(Tol XXXIV.

by giving Immediate notice of any error

discovered In these Tables.

INTEREST.

Size or
par
value.

Date of
bonds.

DESCRIPTION.
For explanations see notes on first page of tables.

Cleveland—(Coniin ued)—
Main sewers, special assessment...
Street improvem’ts do
Street damages, Ac., do *

Detroit,Mich.—For Water W.Co., on city’s credit
Public Building stock (City Hall) bonds
Public sewer bonds ($40,000 are Os)
Bonds for purchase Belle Isle
Elizabeth, N. J.—Improvement; bonds

$116,500
462,500

$....

Various.

710,000

1876-77-78
Infirmary and River dredging
Viaduct (mostly F. & A., A. & O. and J. A D.) 1873 to ’78
1875
Des Moines, Iowa—Renewed judgm’t &loanf’d.
Funding bond fund

Amount

outstanding.

1,660

2,138.000
229,000

1,000
1,000

bonds

E. C. & P. RR. bonds
do
do
Water works bonds

Redemption bonds

,

do

do

do
do
do

t

.do
do
do

-

88,000

1,000
1,000

66,000
2,412,000

1,000

1,000
1,000

300,000
300,000
-105,000
100,000

100,000

1,000

100,000

Large.

280.000

lOOOAc.
1,000

do
do
do
do
Water loan
do
do
do
s

610,000
600,000
450,000
100,000
261,860
500,000
450,000
550,000

1,000

'.

1,660
1,000

1,000

50,000

1,000

Water Ddnds
do
do -

300,000
100,000
418,200
408,600
35,000
414,000

1,000

1865-’70
1875
1879-’80
1881

Hartford\jOon n—Water bonds

400,000

1,000

1873
1871
1875
€falveslon, Texas- Bonds for various purposes... 1869 to ’75
Limited debt bonds (sinking fund 2 per cent). 1877-8-9
1873
Bonds to purchase blk. 321
1876
Galveston County bonds, G. C. & S. F. RR
Water loan
do

475,000

1,000
1,000
1,000

202,000
225,000
125,000
500,000

1,000
1,000
1,000

City bonds (H. P. & F. RR.)

of these bonds are for $500 each)

130,000

1,000
1,000

1879-’80
1863

do

floating debt
Holyoke, Mass— City notes
City bonds, sinking fund

120,000

1.000

1873

Capitol bonds

Hartford town debts to railroads
do
do
war

300,000
1,000,000
1,250,000

1,000

Funded debt.:

203,000
205,000
271,000
250,000
226,500
155,000

1871-’74

1874
1,660
1872
1,000
1873
1,000
($60,000 are J. & J.).
500
1869 to’70
Indianapolis—Ronds to railroads
1877
Ponds to Un. RR. Tr. Stock Yard (mortgage).
1,000
1873
1,000
Loan bonds, series A
1874
do
do
B
1,000
1874
do
do
C
1,000
1S75
do
do
I)
1,000
500
1874
Purchase-money bonds—Southern Park
1,000
Jersey City— Water loan bonds, mostly coupon. 1852 to ’67
1865) to’73
1,000
Water loan bonds, mostly coupon
1877
do
do
do
1,000
1873
1,000
Forty-year bonds
500 Ac.
1871
Improvement bonds
1872 to’76
1,000
do
do
1870
1,000
Morgan street dock
1872
1,000
Funded debt bonds
Water loan
Railroad loan

-

do
do

Various.
Various.

Old Jersey City bonds, coupon.
Hudson City bonds

Bergen school loan bonds

Bergen street improvement bonds
do

bounty loan

Greenville street improvement bonds, Ac

property bone-fitted.

funds have been:
Real and
Years.
1878

Personalty.
$70,139,63!)
70,54 3,101

1869
IS 69
Various.
Various.

$1,00 J.
171720

ous

500 Ac.

15130

$ 5,678,000
6,201,000

$2,606,100

2,390,100

Detroit, Mich.—1The population in 1870 was 79,601; in

Vari

Sinking

$1,816,690
2,267,031

1880,116,027.

debt of $1,400,000.
the city credit, and
$75,000 per year collected in taxes to pay inti on them. Assessed valua¬
tion, in 1*79-80—real property. $03,981,315; personal, $19,216,725;
total, $83,198,040, which is made on the basis of true value. Tax rate,

The value of water works is $2,559,259, against a
The water works bonds are issued on a pledge of

$1*03 per $100.

Elizabeth. .V. J.—Default

was

made in interest Feb. 1, 1879.

Suits

on

Total bonded and floating debt January, 1882,
Esti¬
$5,379.353 and accrued interest to July 1, 1881. $972,000.
mated true value of real and personal property is much over the assessed
valuation of about $12.000,000 (see V. 32, p. 612). Population in 1880.
28,243; in 1870,20,832. Assessed valuation, tax rate per $1,000 and
are

ponding.

debt have been:
Years.

Realty A Personalty. Tax Rate.
.....$16,250,805

24>8

15,289,838

2*50

14,614,918

356
212
32, 177.)

11,530,031

—V.

32,1V231, 253, 312, 368, 120, 612; V. 34,

p.

Debt.

$4,900,000
5,130,000
5,380,000
5,100,000

floating debt. Assessed valuation (true value),
tax rate per $1,000 and debt have been;
Years.
Real Estate.
Personalty.
Tax.
Debt.
1879
$12,381,475
$1,920,350
$15 00
$1,551,000
I880...
12.919.360
5,232,645
15 00
..
1,651,000
1881
12 50
1,651,000
13,925,823
5,379,940
Fall River, Mass.—The sinking funds amounted to $110,197 Jan. 1,
Evansville,




4

G
G

7-3
7-3
7-3
7 3

rr

4
*-7
i

7

7
G A 7
7

85,000

LOOOAc

Funds. Ac.

Special.

rr

7

162,550
1 50,000
400,000
73,000

-—Total Bonded Debt—..

General.

(>
G
6 A 7
6
G

022,000

Assessed valuation, tax rate, debt and sinking
Tax per

413

1,869,000
2,161,500‘

1,000Ac

Y., Farmers’ L. A Tr. Co.

M. A N. N.

do
do
do
do
do
do
do
do
do

M, & N.
J.
J.
I.
A.
M.
J.

A
A
A
A
A
A

I>.
D.
J.
O.
N.
D.

'

....

F. A A.

do
do
do
do
do
do
do
do
do

*

May 1, 1898
May 1, 1899
Dec. 1, 1890

Dec. 1, 1895
July 1, 1895
April 1, 1906
May 15,1906
June 1, 1907
April 15,1908
Feb. 1,1911
1882 to 1895
1883 to 1891

City Treasury.

do
F. A A.
Boston, Revere Bankv
Aug. 1, 1894
M. A N. Boston, Bank Redemption.
May 1,1895
do
do
May 1, 1895
do
^
do
1896-1893
do
Feb. 1, 1900-1909
do
do
do
Nov. 1,1892-1906
M. A N.
do
do
F. A A.
Aug. 1, 1899-1905
....

....

e

^

416.000

844,400

1882 to ’93
1882 to ’86
1885 to ’96

*

May 1, 1908-1909
Nov. 20,1882
July 1,1893
July 1,1891
July 1,1905-1906

....

7
6
6
6
10
8
8
10
6
G
5
5
6
6
G
G

7-3
G
7
G

1.000
Various

1881 to 1900
1881 to’91
1892 to’94
1899
1879 to’81
1882 to’95

....

6
6

109,500
1,163,000
3,109,800

-

July, 1885
July, 1888

....

.

5 g.
5 A G
4
5 A C

200,000

125.000
500.000

1893 & 1907

do
do
do
do

37s, G, 7 Various
Various
5 A 6

300,000
300,000
300,000

73,617,691
15liJ20
—Population, 155,916 in 1380; 92,829 in 1870.
Des Moines, Iowa.—Assessed value of property, $5,104,210, which is
about 50 per cent of true value. Tax rate, $5 per $100.

bonds

p,

7
7
7
7
7 3-10
7
7
6
G
G

500,000

-

1881-’82-’83 to’87

....

200,000

1872

Fitchburg, Mass.—City notes
City bonds

Park bonds (4

200,000

'

m

1882 to ’92
1882 to’84
1882 to ’86

City Treasury.

A. A 0.

„

1,000

due.

do
do
Various
do
do
Various
do
do
Various
do
do
Various
J. A J. New York, Kountzo Bros.
do
do
J. & J.
Various N. Y., Metropolitan N. Bk.
do
do
Various
do
do
F. A A.
do
do

....

250,000
100,000
06,000

Principal—When

by

....

241,000

1,000
1,000
1,000

[payable

Various
Various
Various
Various

696,000

1,000

City bonds

4
7
7
7
7
7

728,000

1,660

Fall River, Mass.—City notes

GAT

247,500

1,000
1,000

1868
1809
1870
1870
1870
1876
1876
1877
1878
1881

'

7
7
7
7

100,000

....

Evansville, Indiana—E. II. A N. IiR. bonds
City wharf bonds

6

5, 6 A 7

600,000
340,000

197818878709. 8811
Funded debt bonds
School House bonds
Market House bonds
Consolidated improvement
Funded assessment bonds
Tax arrearage bonds

5, 6 A 7
5, 6 A 7

175,000
1,400,000

1,660

Where pavable and
whom.

When

5, 6 A 7 Various N.Y., Amer. Exch. Nat. Bk.

103,000

1,000

1873
1855 to’76
1859 to’71
1872 to ’76
1879
1871 to’74
1870 to’75
1872 to ’73
1865 to’06
1875-’70

Rate.

f-r

t

7
7
7

City Treasury.

M. A N.

J.
J.
J.

A J.
A J.

Boston, Merchants’ Bank
do
do
Galveston.
do
do

do
do

A J.

Various
M. A S.
Ml. A S.

J.
J.

1881 to’91
1907-1909
1893-1902
1906
1890-1895

N. Y., Bk. of Now York.
A J.
A J. CityTreas. A Phcenix Bank
A A.
Aug. 1. 1900
City Treasury.
June 1, 1904-1905
do
A D.
do
Jan., 1906
A J.
June 1, 1891
Suffolk Bank, Boston.
A J.
A A. Merchants’ Bank, Boston Aug. 1,1882 &’84
Jau. 1, 1893
A J.
City Treasury.
Jan. 1, 1897
do
A J.

F.
J.
J.
J.
F.
J.
J.
J. A J.
r. a J.
J cV> iT.

Town Treasurer.
do
do

Various

City Treasury.

•

$10,000 yearly.
Jail., 1900
18S1to 1886
Oct. 1,1889
Jan. 1,1900

do
A. A O.
do
J. A J.
do
Jan.&Apr.l, 1894
A. A 0
Jan. 1, 1889, to’90
Jan.
City Treasury.
Jau. 1, 1897
27. Y., Winslow, L. A Co.
J. A J.
1893
do
do
July
J. A
1893
do
do
July
J. A J.
1894
July
do
do
J. A J.
1895
db
do
July
.1. A J.
1599
Jan.
do
do
,T. A J.
I. A J. N. Y., Merck. Ex. N. Ban];. Jan., 1882 to’95
1899 to 1913
do
do
Various
July 1, 1907
do
do
J. A J,
do
do
July 1,1913
J. A J.
Mav, 1S91
do'
no
M. A N.
1892 to 1906
do
do
Various
‘June 8, 1900
do
no
J. A J.
May 1, 1897
do
do
M. A N.
1881-90
do
do
Various
•81-’85-’89&1900
do
do •
Various
Jan., ’98 to 1900
do
do
J. A I.
July, 1839
do
do
J. A J.
’ISsiA 1889
do
do
Various
1881-1886
do
do
J. A J.
■

l

1382.
Total debt, including water debt, $3,455,800.
Population
48,626 in 1880; 26.766 in 1870.
.
Fitchburg. .Mass.-Sinking fund, $182,234.
Population, 12,270 m
1.88 >; 1-1,260 in 1870.
Valuation, tax rate per $i ,000, Ac.:
Years.
•
Real Estate. IVrs’i Prop’ty. Tax.
Debt.

1879

$6,820,575
0,808,225

82,203,SI 8
'2,201,019
2,530,101

17 80
17 60
18 00

8:ul:’gF«V.,&e.
915,523
JgN&lv

$895,803

873,523
cash viuuc.
Galveston, T&ctts.—The total city debt is $365,500, all of which, is
10 per cent currency, except $35;()00 park 8s, due 18J2-190-, and
the limited debt bonds. Assessed value.of real and personal property,
1878, $17,000,000. Tax rate, $1.25 on $100.
liar!ford, Conn.—Total city debt, April, 1S31, $3,007,000; pet, after
deducting resources, $2,179,801.
Assessed valuation m 1831, about
$14,000,000. Population, 42,509 iiflSSO; 37,180 in 1870.
JIolyoke. Mass.—Bonds all coupon, but can be registered. Sinking
funds, $-15,500. Total net Vcbt, January. 1880, $9o2,oO(B lax valua
lion, 1877, $9,399,820. Population, 21,961 in 1880; 10,m 1370.
Indianapolis.—The School Board is a distinct organization and levies
its own fax ($2 20 for 1881), which is in e 1 ud etl 1ri__g rates,
inci0
Valuation
area few other small issues amounting to about $o0,000.

1,881
6.993,700
—The assessed valuation of

ami tax per

real estate is about the

$1,000 have been:
Re.nl Estate.

Personalty.

$3!), 156,400

Years

$10,873,575
9.813,705

38,230,235
39,100,250
1881..

39,003,725

-—Population, 75,077 in LSSO;

10,930,021
12,837,492

Tax.

Total.

$10-80

$50,029,975
•48,099,940

9-30
10-70
10-70

50,030,27 L

51,901,217

48,244 in 1870.

embaw^snient

Jersey City.—One of the main causes of the teinporary
of Jersey City is found in the failure to collect back df^bssnu
in the immense value of railroad property exempt from taxatio .

Comptroller, in Fob., 1881, made

the following statement m b .

Total taxes overdue Feb. 1, less 1831,
Total assessments due and unpaid

Of these. $5,218,151 was

deductions
-

estimated to be collectible.

•

-1

9

**

>•

oofi’llb
’

Fhbbuahy/ 1882. J
iBnhwfrifreri

Will confer a great

description.
For

explanations see notes on first page of

City-(Continued)—
Assessment funding bonds—
--■
Revenue bonds, coupon or registered.
TAmnorar.v loan
-

par

outstanding.

maturing bonds

Bonds
Bonds
Lawrence,

.

•

•

$900,000

$....

385,000
852,000
117,782

....

....

Mass.—Funded debt
/At A AAA

-

-

a

■

•

•

133,000
262,000

1,300,000
25,000
100,000
320,000

■

•

^

•

•

•

7

-

^

-

• • •

r

TTUO

Si

....

Railroad...
Tnuisville. Ei/.—For Jeffersonville RR. stock..
Subscription to stock of L. & N. RR
Lewiston &
Water

Water

Auburn

works

do

For improvement of streets
Re-constructing Btreet.

.'

buildings and institutions
school and school houses
8ewer bonds
do

Elizabeth & P.

Railroad

do

do

;

Albany A St. L. Air Line RR.
Louisv., Cin. A Lex. RR
City bonds nayable by Louisv. & Nash. RR...
Old liabilities (half are 10-40 and half 20-40).
Lowell, Hass— City notes
Louisville, New
Road bed,

Water
Water
Water

Lynn,

notes

1870

bonds
notes

1881
,

Funded debt
:
City Hall and School House
Manchester, N. H— City bonds
City bonds ($70,000 1834,

bonds ($100,000

do
gewer bonds

do

Memphis,

do

Railroad

....

'83, ’85)

General city bonds
do
do
Water bonds, coupon

100 Ac.
100 Ac.

1,000

....

100 Ac.

.

1867 to '08
1867, '8, '9 500 Ac.
1870
1,000
....

gold
Railroad bonds
:
Endorsement Memphis & Little Rock RR
Compromise bonds, coupon..
Milwaukee, Wis.— Re-adjustment bonds

1857
2877
1861
1871
1876
1872

”.

registered

1872
....

bonds....

1,000
1.000
500 Ac.

1,000
1,000
1,000
10,000
1,000
1,000

....

•

•>

500
500
500

•

•

do
•mm

•

Western division

©

do
do
do
do

o

o

a,

1,000

....

500
500
500
1881
1870 to'80 100 Ac.
•

Mobile— Funding

bonds

,

•

•

•

Nashville, Tenn.—Various city bonds
Newark—Bonds, city purposes (s. fund of 1859)
War bonds, floating debt, Ac. (s. fund of 1864)
Public school bonds.
1875
Clinton Hill bonds, coup. & reg. (s. fd. 3 p. c.).
1878-'80
Corporate bonds, coup, or reg. (act Apr. 21,’76) 1871-’79
Sewer and improvement bonds (local liens). .
Aqueduct Board bonds
1876-’77
Tax arrearage bonds
78-9-80-81
do
do
•

•

•

.

•

•

•

•

1,000
1,000
1,000
1,000

•

•

•

1,000
1,000
1,000

....

The total debt of the

1,000,000

Large.

1872

Mississippi River

do

1,408,000

1,000
Large.

....

Tenn.—School and paving bonds

Minneapolis, Minn— City
City bonds

513,000

1,000

1874

bonds
Funding loan,

Post

485,000
350,000

....

each year)

($8,000 1880, ’81,

Suncook Valley

1,000
1,000
1,000

....

$10,000 1880)

do

Water

1,000

267,000
134,000
77,000

1870-'3-’5 Large.
1.000
1871-’4-’G
1862 to '76 500 Ac.
1,000
1857 to '67

Water notes—
Water bonds

600,000
650,000
178,000
81,000

423,000
1,981,000

1,000
5,000
Large.

....

Mass—City notes

'

1,000
1,000
1,000
1,000
1,000

1871

1871 to '73
1851 to'63
18S0
1852 to'75
1871 to '76

56,000

190,900

1,000

1868
1869
1871 to '74

liabilities..'.

old

372,000
1,302,000

1,000
1,000
1,000
1,000
1,000

’54,'62,3, 8

Wharf property
Jail bords.,
For

1,000

1873
1871 to '73
1853 to '69
1868
1871
1868 A '73

Public
Public

136,000

1,000

1853
1857 to '67
1873
1866 to'67

•

a

a

•

481,000
500,000
1,300.000
75,000
175,000
121,500
450,000

387,500
44,200
117,500
80,000
70,000
200,000

400,000
32,000
29,500

242,000
100,000

429,000

1,171,000
250,000
70,000
50,000

60,000
124,500
110,000
115,000

125,000
(?)

1,425,200

44,000

1,840,000
500,000
400,000

1,200,000
2,500,000
3,030,000
1,331,000
170,000

$5,790,119
5,340,8605,343,815
4,786,037
5,640,300

$54,505,470
54,993,918
54,122,875
54,619,565

Rate.
$23 60
28 00
28 00
29 80

a

a

•

....

Feb. 1, 1909
1910
1890 A '97-1901
1880 to'97

1880-’81
1879-1884

J.

do

F. A A.

6 g.
6
7
6
5
7
7
7
7
8
8
8
10
8
7
8
7
3 to 5
6
6 A 7
6 A 7
7
7
5 A 6
7
7
7

*

900,000
302,000

funds, $1,164,682.
Population
1870. Taxable valuations and tax rate per $1,000 have been :
Real Estate.
Years.
Personal Prop. Tax

a

....

1,1886

Demand,

Y., Merch. Ex. Nat. B’k.
do
do
New York, Kountze Bros.
do
do
dO
do

....

6

60,000
300,000

1881. Avas

June

do

F. A A. N.

6

| 1,300,000
341,000

$16,007,315: sinking
in 1880, 116,673, against 85,000 in

city February,

1905-1906

Nat. B’k.

i,

224,000
500,000

1852

bonds

Various N. Y., Merch.Ex.
do
J. A D.

Boston, Tremont Bank.
Various
513
1882 to 1892
do
do
Various
6 A 7
July 1,1894
do
do
J. A J.
6
Jet. 1,'90, to 1906
do
do
A. A 0.
6
July 1, 1882
J. A J. City Treasury and Boston,
6
do
J. A D.
6
do
J. A J.
6
July
'93-1913
do
J. A J.
6
0ct.l,’97-1907-’17
do
A. A 0.
5
April, 1882
N. Y., Bank of America.
A. A O.
6
April, 1883
do
do
A. A O.
6
1887, '89, 97
do
do
Various
6
March 1,1883
do
do
M. A S.
7
1886,’ 96, '97
Louisville.
Various
6
July 1, 1903
N. Y., Bank of America.
J. A J.
7
1891, '92 & 1903
do
do
Various
7
1883 to '89
Various New York, U. S. Nat. Bank.
6
July, 1898
Louisville, City Treasurer.
J. A J.
6
June, 1901
N. Y., Bank of America.
J. A D.
7
1888 A 1903
-do
do
Various
7
1883 to 1898
Various Louisville and New York.
6
Oct, 1, 1898
do
do
A. A O.
6
1889
do
do
J. A D.
6
1894 & 1901
do
do
Various
7
Sept,, 1891
N. Y., Bank of America.
M. A 8.
7
July, 1901 & 1903
do
do
J. A J.
7
1886 to '93
Various New York and Louisville.
6
May 1, 1920
N. Y., Bank of America.
M. A N.
5
1879 to 1894
City Treasury. *
Various
5 to 7
1886 to 1894
do
Various
6,613
Nov. 1, 1890
M. A N. Boston, N. Bk. of Rederap.
6
Nov. 1, 1911
M. A N £Bo6ton, Blake Brothers.
4
1887 to 1890
Various
City Treasury.
6,7
1885 to 1890
do
Various
6,7
July 1, ’91-’94-’96
Boston, Bank Republic.
J. A J.
6
1879 to 1896
5, 5i3, 6 Various Treas’y A Bost. Bk. Repub.
1882 to 1896
do
do
Various
5, 6
Ian. 1,1880-1894
City Treasury.
J. A J.
6
April 1, 1884-’85
do
A. A O.
6
May 1, 1893
Suffolk Bank, Boston.
M. A N.
6
do
do
J. A J.
6
City Treasury.
J. A J.
6
do
J. A J.
5

33,000

1859 to ’64 5000AC.
1862 to'75 5000Ac.
1,000
1874
1873-'75 500 Ac.

T^dsfoiuMe'.-City bondsVl($25,000 each year)
T»\
-

450.000

....

•

...

do

.

1,353,000

1,000

Due.

and by

Wnpm.

Payable

7
6
6
6
7
8
10

400,000
140,000

....

Funded debt

Rate.

Jipal-

Where Payable

When

Value.

City, Ho.—Bonds

Kansas

7081

Amount

1875 '76
1876
1878
1879
18S0

...

INTERE8T.

Size or

tables

Jerseu

Bonds to pay

j Tables.
notice of any error discovered in these Principal—When

favor by giving immediate
Date of
Bonds.

xi

SECURITIES.

CITY

a

a

•

M. A N.

1873 to 1902

1873 to 1900
Nov., 1900

July. 1872
Charleston, 8. C.
J.
1907
City Treasury.
J.
June 1,T891
Mil.AN.Y., Morton B. A Co.
D.
Jan. 1, 1901
do
do
J.
June 1,1896
do
do
D.
Jan. 1,1902
do
do
J.
Jan. 1,1902
do
do
J.
Dec. 2, 1892
D. New York, Nat. Park Bank.
Feb. 2, 1894
do
do
A.
May 1, 1905
do
do
N.
1881 to 1885
do
do
Various
1886 to 1900
do
do
J. A J.
do
* J
do
J. A J.
do
do
I
F. A A.
Nov. 1, 1901
do
do
M. A N.
Jan. 1, 1906
J. A J. N. Y., Merchants’ Nat. Bk.
1879 to '99
Various New York and Nashville.
1883 to '93
Newark, City Treasury.
Various
1883 to '91
do
do
Various
do
do
1fcpril, 1888, to’91
A. A O.
July 1, 1895
J. A J. Newark, Mech. Nat. Bank.
1908 & 1910
Various
1886, '93 & 1909
M. A 8. NewTark, Mech. Nat. Bank.
1879 A 1892
do
do
Various
1886-’87
do
do
F. A A.

J. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
F. A
M. A

a

a

valuations (about
have been:
Years. Real

^

Memphis.

A J.

a

'

*

•

a

70 per cent

Estate.

of true value), tax

Personal Prop. Tax Rate.

$17 40
$9,657,690
$6,254,544
9,777,744
7,705,706
15 00,
—Population, 32,473 in 1880; 23,536 in 1870.
1878
1879..
..

Memphis, Tenn.—The

city has been in

rate per $1,000, Ac.,

Total Debt.

Sink.Fds.Ae

$26,692

$984,729

37,347

973,007

default for interest since Jan.

bill, January, 1879, repealing the
its debts. Receiver for the
56,125,552
29 00 appointed, but U. S. Supreme Court held suchAaction void. The city was
compro¬
-(V. 32, p. 183, 566 ; V. 33, p. 153.)
mise bonds were issued at 50 cents on the dollar. Assessed valuation of
Lawrence. Muss.—Total debt, $1,727,000.
Sinking fund, $125,395. real estate, 1875, $19,329,600; personal, about $6,500,000. Tax rate, $2
per $100. Population in 1870, 40,230. (V. 32, p. 70. 183, 396 ; V. 33, p.
™3luation> 1881, $25,348,620; tax rate, $16 00. Population,
1881, $1,169,500; sinking fund,
issued to build the I^ewiston A
the cities of those names. Popula¬

e'cistou>
Total debt, April 1,
$143,680. The railroad bonds were
Railroad, which is owned by

tion, 19,076 in 1880; 13,600 in

1870.

Louisville.—The funded debt, Jan. 1,

1881, exclusive of

1870

'was

100,750, against

loans payable

1,1880. The sink¬
Population by cen¬
126,556 in 1880. The foliow'iug

by nulroads, was $8,812,000, against $8,072,000 Jan.
ing funds on Jan, 1, 1881, amounted to $4,783,922.
sus of

Cowell, Mass—All the notes held by savings banks. Water loan sink$899,460; other sinking funds. $88,280. Population, 59,340
mi880; 40,928 in 1870. Assessed valuations (about 80 per cent of
true value), tax rate per $1,000, Ac., have been:
;

1881

29,627^847

13,158,638

15 70

January 1,1880,
Population, 38,376 in 1880; 28,233 in
Manchester, W. 2L—Total debt, $929,000;




Mass.-Total debt,

a

176; V. 34, p. 147.)

39,0G8 in 1880; 28,921 in 1870.

Auburn

1,1873. The Legislature passed
city’s charter, to enable it to avoid

2,389,300

397,740

$2,147,487. Assets, $455,1870.
assets, $83,367. Assessed

Wis.—The city cannot issue debt beyond 5 per
assessed value for five years. In 1881 valuation was

Milwaukee,

cent of its

$58,173,078.
Sinking funds are provided for all the bonds. There is also about
<$47,000 scrip issued to settle old railroad bonds. Population, 115,702
1880; 71,440 in 1870.
Minneapolis, Minn.—Total debt, $1,101,000; tax valuation, 1879,.
about $24,000,000; tax rate, 14-85 mills; bonds all coupon. Population,
average

in

13,036 in 1870.
of property is about $13,000,000. Inter¬
est was in default from July, 1873.
A settlement with bondholders was
offered by act of March 9, 1875. In Feb., 1879, the Legislature
the charter of the city. In Oct., 1880, bondholders offered to take new
25-year bonds, bearing 3 per cent for 5 years, 4 per cent for
and Spereentfor 5 years. Population, 29,166 in 18S0; 32,034
Nashville, Tenn— At tho close of the fiscal year, September 30,
there were $184,800 of past-due coupons, judgments, overdrafts,
Assessed valuation of all property in 1880 was $10,187,000
and $2,491,550 personal; tax rate, $20 per $1,000. Population,
in 1880 ; 25,865 in 1870.
Newark.—The bonds in the first line in the table are payable out
sinking fund of 1859, which amounts to $98,448; those in
out of sinking fund of 1864, $1,500,082; public school bonds

48,323 in 1880;

Mobile—The valuation

repealed
15inyears,
1870.
1880,
Ac.
real property
43,337
of the

second Hno
out

CITY

Xll

Subscribers will confer

a

Mass.—Bridge ami city bonds

City improvement
War loan
Water bonus
do
Sewer bonds

New Haveit, Conn.—Sewerage
For Derby Railroad ($20,000 payable yearly)

City bonds (10-20 bonds)

Ncie Orleans— Consolidated debt
Railroad debt
Waterworks loan of I860
Seven per cent funding lmm of I860
Seven per

18790.

cent funding loan of 1370

Jefferson City (debt assumed)
Street improvement bonds
Consol, gold bonds (gen’l and drainage series)
Ten per cent bonds, deficit and old claim
New premium bonds (in exchange)
N. O. Waterw’ks Co. new Vais.(for $2,000,000)

Size or
par
Value.

1875

1870
1867 to’76
1872-’74
188 L
3 871
1867

6

3,000

66,000

5

1,000
3,000
'1.000
1,000
1,000

100,000

5
6

City Cemetery stock
City improvem’t st’k (part red’mable after ’90)
do
Lunatic

do

Asylum stock
Fire Department stock
Fire telegraph bonds
Tax relief bonds, coupon
N.Y.Bridge bds ($2,421,900 red.after July,’90)
Accumulated debt bonds

Street improvement bonds

Street opening and improvement bonds

Ninth District Court-house bonds

Department of Parks improvement bonds
Assessment bonds.

City parks improvement fund stock

-

400,000
200,009

■I

50.000

rr

1,000

1877

1,600

150,000

6
5

1852

1,000

4,300,750

6

1,000

51.000

6
5

2 854-55

1869
3 869
1N79

1871
....

/ 6,;>00
85,500
3 9,950
1 5 i ,000
29 -',6 00

1,000
1.000

Various.
....

1879
1856
1858 to’73.
1870-’7n
1865 & ’68
1869
1876
1870-’73
1809-’70
18(59- ’70
1870-’73
1870
1869-’79
1869-’70
1874-’77
1871
1871

1874-’79
1874-’78
1871-’78
1871
1871

500
100 Ac.
100 Ac,
500 Ac.
100 Ac,
100 Ac.
500 Ac.
500 Ac.
3 00 Ac,
100 Ac,
100 Ac,
500 Ac.
500 Ac,
100 Ac.
100 Ac.
100 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac
500 Ac
500 Ac.
500 Ac.
500 Ac,
500 Ac,
500 Ac.
500
500 Ac,
500
500 Ac.
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac,
100 Ac.
100 Ac,
100 Ae.
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.

....

500 Ac.
500
500

/

7
8
73
7 g.
10
5

3

....

-

rr

567.850

....

....

1871
1872

<

•

82,700

....

S,481,660

due.

whom.

A. A 0.
A. A O.
A. A O.
A. A 0.
A. A O.
A. A O.
A. A O.
A. A O.
A. A O.
J. A J,
J. A J.

City Treasury.

'

do

3 882 to 1889
3 891 to 1930
1882 to 1884
1900 to 1904

3885 to 1909
1833 to-1909

City Treasury.
City Treasury.

3 887 to 1 89]

Oct. 3, ’91A1901
Oct. 1, ’82 to ’8(1

do
do

July 2,1887-’97

New Orleans.
do
do

Various
I. A J.
M. A 8.
J. A J).
Various
F. A A.

duly

Jan.
March
June
3.887

1, 1899
1, 1894
3, 1895
to 1897
Aug. 1, 1911
July 1, 1922

do
do

do

-

,

do
New York or London.

Q.-J.

A. A O.

1. 389°.

1871-5 A 1894

New Orleans.

April 1, 1881

....

5, CA 0^2 Various
City Treasury.
1883 to 1895
4, 5, 6 J. A J. Boston, Comm’nwcalih Bk July 1, 1905-’! 0
M. A N.
6 A 7
500,000
Nov. 1,1902
f
5 A G
q.-F.
2,900,000
1883 A IS90
6
250,000
q—f.
c
Aug. 1,1884
1
u
3,618,600 -1,5, 6 A 7 Q.-f.
Aug. 1,1900
0
'Nov. 1,1900-1900
5,196,000 1,5, GA7 M. A N.
357.000

870,000

6
6
6
5
5
6

970,637
490,000

f—(
-r->

Q.-F.
Q.-F.
Q.—F.

296,000
75,000

2,229,500
7,269,400
700,000

521,953
597,586
3,000,000
4,537,900
6,500,000
727,900

250,000
300,000

6 A 7
7

5 A 0 g.
7

6 A 7
0
6
7

4, 5 A 6
7

5 A 6
7
7
5
4 A 5

1,241,000
7,656,100
5,744,000 5,0,7A6g
6
200,000
636,000

2,123,000

>265,000
8,779.700
2,058,350
253,90S
958,000
398,000
333,000

O p

5

6

600,000

7

5 A 6
6

745,800

7

376,600
855,204
1,719,400

7
6

493,200
900,450
100,000
14,702,000
6,000,000
30,000
1,680,200
1,949,747
915,500
6,900,000
2,800,000
115,000

6

6 A 7
6
6
6 g.
7
6
7
7

M.
M.
M.
M.

'

<L 0
^

1887 A 1895

sz

Nov.1,1901 to’12

3

T

*

1894 A 1897
1888

£

’89,’92,’9GA192G

—

*

1889 A 1892
1889
1899
18S4
1890

K t?
0

.

00

1905,1926A1923

02

P ?-(

fcj

1884 to ’88

1884, A 1888

a

1882
1890

& N.

A
A
A
A

1834

July 1, 1893

p

•n

N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
A N.

A
A
A
A
A
A

O

4rjm

P

A
A
A
A
A
A
A
A
A
A
A
A

0*
0

N.
N.

N.
N.
N.
4, 5,6 A 7
N.
6
6 A 7
Various
M. A N
5 A 6
M. A N.
4 A 5
4, 5 A 6 M. A N
M. A N.
5 A 6
6

1,100,000
652,100
4,000,000

M.
M.
M.
M.
.M.
M.
M.
.\I.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.

1907 to 1917
1907 to 1911
1887 A 1893

p

3,343,071
M. A N.
500,000
399,300
Q.-F.
3,819,800
Q.-F.
M. A N.
8,641.000 4, 5,6 A 7

public school fund, $347,584; Clinton Hill bonds by sinking fund
$116,034; tax arrearage, $621,075; corporate bends, $134,784; street
improvement and sewerage, $41,000 ; aqueduct board, $176,954. Real
and personal property have been assessed at near the true value as
follows: 3 878, $86,257,175; tax. $19 80; 1879, $78,658,918; tax,
$20 60; 18S0, $82,140,700; tax rate, $20 90. Population m 1870,
105,059, against 136,983 in 1880.
New Bedford, Hass.—Population, 27,268 in 1880; 21,320 in 1870.
Assessed valuations (true value), rate of tax, Ac., have been:
Personal
Rate of Tax Total Debt,
Trust
Years.
Real Estate.
Property, per $1,000.
Bonds.
Funds.
$12,898,300 $12,874,418
$16 40
$1,123,000
$104,100
13,138,400
13,137,519
15 70
1,059,000
104,100
1881:... 13,505,400
13,609,922
18 00
1,084,000
301,100
New Haven, Conn—Sinking fund on City nail loan, $57,740; munici¬
pal bond fund, $18,277. The city made a special loan of $75,000 to the
New Haven A Derby Railroad, and guaranteed $225,000 of ils second
mortgage bonds. Population, 1870,50,840; in 1880, 62,861. Assessed
valuations (about 80 per cent of true value), tax rate, &o., have been:
Personal
Rate of Tax
Total
Sinking
Years. Real Estate.
Debt,
Property.
per $1,000.
Funds, Ac.
1878.. $33,120,943
9
mills.
$11,000,420
$894,000 $142,196
1879..
9
34,922,3 57
871.000
12,130,874
156,450
1880..
9
34,797,509
13,097,158
854,000
176,392
1881..
10
774,000
169,214
New Orleans—A decision of Louisiana Supreme Court, December,
1878. held invalid the special tax provisions for consolidated bonds.
The assessed valuation of property, real
and personal, for 1882
about $103,177,249.
A scheme for settling the debt by a bond

Nov.l,1882to’S4
Nov. 1,1882 to’85
1901-1904
Nov. 1,1891
Nov. 1,1891
Nov. 1,1891
Nov. 1,1882 A’85
1894 to’96

V

0

l

O' !—<
Cj tfJ

w

Cj

J*j

I

May,’97,1916-’2G
i8S9 A 1899

Sri

1903
Nov. 1,1890
Nov. 1.1884
1882 to’92
1884 to’83
1894 to’98

N

N.
N.
N.
M. A N.
M. A N.
M. A N.
M. A N
M. A N.
M. A N.
M. A N.
M. A N.
Various
M. A N
M. A N.
J. A Tj.
M. A N.

P* P

Sg
0
r

5

3 ’ZZ

cj

1833 to’90
1895 to’97
1891
1882

bs
0

s

1887
1903
1910
1S84 to’88
1896 to 1901
1884 to’88
1891
1896
1882 to ’86

p.,0
CD
-4—»

<p

S3
*r> g.
4 -

4 A 5

M. A N.
M. A N.
M. A N.

1908-1928

c

1910

Nov., 1891.

New Tort: City.—The total debt of New York, January 1, 1882. was
$138,728,602; the amount of sinking funds, $36,110,301. The follow¬
ing statement shows the details of funded debt and tlie amount m the
city sinking fund at the dates named:
Description.
Jan. 1, 1880.
Jan. 1, 1831.
Jan.
1882.
Total funded debt'1
$134,400,507
$136,407,433
$133,535,019
36,110,301
Sinking fund
33,021,985
32,99-3,021
„_

„

Total debt

$100,541,995

$98,290,206

6,039,966

5,524,245

4,325,095

$109,425,414

Net funded debt...
Revenue bonds

$106,066,240

$102,618,301

$103,385,448

population of New York, by the United States census, in 1870 was
922,531, and 1,209,561 in 1880. Since Jan. 1, 1861, the valuation, rate
of taxation, and net funded debt at end of year, have been as iollows.
Tiie

/—Rato Tax p.

Real
Estate.

Personal

$1,000—*

_

,

,

Net Debt.

Estate.
State. City.
Years.
1861....: $406,955,665
$174,624,306 $3 62 $16 36
1865
4 96 24 94
427,360,884
181,423,471
1870
742,103,075
305,285,374
2 70 W 80
1871
306,947,233
769,302,250
4 43 17 27
1872
5 20 23 81
306,949,422
797,3 48,665
1873
292,597,643
5 41 3 9 59
836,693,380
18741. .^.
272,481,181
6 95 21 0,>
881,547,995
1875
"
883,613,545
217,300,154
29 40—'
1876.:...
218,626,178
28 00.
892,428,3 65
3877
206,028,160
26 50
895,963,933
1878
25 50
197,532,075
900,855,700
1879
175,934 ,955
25 80
918,134,380
1880
201,194,037
25 30
912,571,690
1881
209,212,899
26 20
976,735,199
Less sinking funds.
t Annexed towns included.
The amount of all real estate taxes remaining overdue and
August 1, 1881, was $8.253,915. The personal taxes overdue

.

$20,037,301
£>>g73,o97
73,373,552
88,369,38b
65,467,lo4
107,<R3,471
11^,9/9,970

11^773,721
j}?’700 74^
J }7.700,74r
Jio

J£9,42.7,414

106,066,-40
102,618,301

■

*

191,418; in 1880, 210,359.

Newton. Mass.—Sinking funds, January 1, 1332, $135,980. Tax valu¬
ation, 1830, $23,200,100; rate in 1881, $14 00 per $1,000. Population,
16,991 in 1880; 12,825 in 1870.




i

499,000
3 00,000

Normal school fund stock
Public school building fund stock
Additional Croton water stock
1871-’/9
Sewer repair stock
1872
Consolidated stock
1874
do
20-50 (redeemable July’96)
1876
do
•
?
Museum of Art and Natural History stock....
1873-’79
Third District Court-house bonds
1874
Central Park commission improvement bonds 1878 A ’79
County Court-house stock
1862 to’68
do
do
No. 3
1871
do
do
No. 4A5
1872 9
Soldiers’ bounty fund bonds
1864
Soldiers’ bounty fund bonds, No. 3
1865
Soldiers’ bountv fund red. bonds, No. 2
1865
Riot damages indemnity bonds
1864 to’72
Assessment fund stock
1868 to ’72
do
do
1873
do
do
1875
1870
Repairs to buildings stock
Consolidated stock, gold, coupon
1871 to ’72
Accumulated debt bonds
1869 to ’70
N. Y. and Westchester Co. improvement bonds
1870
Consolidated stock
1874
For State sinking fund deficiency
1874
Debt of Westchester towns annexed
Consolidated stock, gold
1878
Consolidated stock.'.
1880
Bonds for bridge over Harlem River

in 1870,

rr

Principal—mien

Where payable and by

payable

6

223,000

1804 to ’75 1,000Ac
1875-76-80
3,000
1872
100 Ac.
1846 to ’69 100 Ac.
100 &c.
1865-6
1870 to’79 500 Arc.
1871 to’79 500 AC.
1865 to’74 100 &c.
Croton Aqueduct bonds
1866 to’70 100 Ac.
Cent. Park fund stock ($275,000 only due ’98) 1857 to ’59 100 Ac.

Market stock

When

Rate.

$ 15,000

Water loan ($000,000 0s)
New Tor/:—Water stock:
Croton water stock.
New Groton Aqueduc t stock
Additional new Croton Aqueduct
Croton water main stock
Croton Reservoir bonds

Central Park fund stock
Central Park improvement fund stock
Dock bonds

outstanding-

10,000

Newton, Mass.—City bonds and notes

Improvement bonds

INTEREST.

Amount

'

1863-’74
....

do
r

Date of
Bonds.

explanations see notes on lirst page of tablos.

New Bedford,

[VOL. XXXIV.

great favor by giving immediate notice of any error discovered in tliese Tables.

DESCRIPTION.
For

SECUKITIES.

were

$13,790,197,pf

unpamoa

an<Junpaiu
which $10,000,000 was estimated to be worthless.

The reduction between the amount of taxation
188!) wan about *3.400,000.. There ^

in the years 187

howevw «o «^rt^to»l»ewe

1883. J

FKJBIlUAliY,

Xlll

SECURITIES.

CITY

INTEREST.
Size or

description.

explanationssce notes on first page of tables.

Norfolk,

Coupon
•Ti’iist

A

loads
Joan ($50,000
Court House
-

Citr

Water

1>0,J1!li*-:

t Sinicins

$250,000,189s)

;

bounty bonds
Funding bonds, “A”-....
Renewal bonds,* B and

“O ’

1,000

50,000

]

1875
1 878

to consolidation .
subsidy subscript

500
500
500
) 1869-’80
500
18C3-’05
100 Arc.
1877
500
1877-78
50 Arc.
50 Arc.
s
1855
50 Ac.
1855 to ’73
50 Are.
1859 to’70
50 Ac.
1868 to’70
50 Arc.
1862 to 05
50 Are.
I860 to’70
50 A c.
25 Ac.
1879
.

.

-

-

-

-

.

.

....

.

.

.

.

.

.

.

....

.

....

.

.

.

($21,000 payable each year)
Peoria & Rock Island Railroad
Pittsburg—Wat or extern loan (coup, or reg.)

.

.

.

.

....

1S6S to’74
1878

Water loan, reg

...

1845 to’72
1863

assessment)
loan)
lili

Bonds impr. Penn, av., etc. (local
Bonds for overdue interest (temporary
Portland, Me — Loan to All. & 8t. Lawrence

Portland A Rochester

1879
.

Railroad

1872
1872

1859-79

loan of 1870

1,000
1,000

1,000

1877 A ’79

coup.)...
Railroad .
N. A P. Railroads

....

.

•

•

.

100 Ac.
100 Ac,
100 Ac.
100 Ac.

1869
1871

1872

Bridge b ouds

New con promise bonds (00 per cent)
Si. Louis— Renewal and floating debt bonds
Real estate, buildings and general purposes..
Street improvement bonds
Water work bonds (old)
•„
Tower Grove Park bonds (gold)
Sewer bonds
Harbor and wharf bonds.
Bonds to Pacific Railroad
New water work bonds (gold)
do
do
do

I860 to’69
1869
1858 to’69
1871
1881
1840 to’71
1840 to’68
1855 to’57
1856 to’58
1868
1855 to’69
1852 to’68
1865
1867 to’70

4

G
6
5 A G

187-9.0

A

do

do
do
d©

Pliila., by Tfeasur

J.j

J. j
J.;
J.
J.

Various *N
M. A N.
J. & D.

)

do
do
do
do
dO
do
do
do

do
do
do
do
do
do
do
do

:f!

6
G
G
6
6
6
4
7
10
7

do

do

do
do
do
do

D.|

A

Dec., 1882-1904
Dec., 1882-1900
1882-1902
Dee,, 1879-1900
June, 1887
1901-1904
18b2 to ’85

City Haiti, by Trees:
,

> 1879
)

1S79 to 1905

>

)
1883 to 1905
1881 to 1901
1879 to 1890

May 15,1881
1,1888

do
do
do

do
do
do

to 1903

)

Exch. Nat. Bk.

Amcr.

~

.

do

D.i

A

Oct. 1, 1S93
Anril 1, 1907

1898,1908 it 191-0
Jan. 1, 1905
April 1. 1903

do

Various!

027,500
410,000
1,200.000

1,332,600
325,000
000,000

300,000

2,347,000
1,(553,000
1,500,000
1,397,250
000,000
596,000
500,000

G
6
6

6
& 6
G
G
5
5 it 0 g.
5 it G g.

June

1889-1891

5
7
5
4 n2
4 bj
G
8

"l

7
6 & 7
7

it

114,000

5

6
6
G

128,800
120,000 3 *G5 & 4
106,000
60,000

50 Ac.

859,000
1,638,000

J. it J.
M. & S.
M. it N.

1,000
1,000
Various

1,104,000

70,000
127,000
346,000
772,000
578,000
700,000

.

1,000

1,000

3,950,000
1,250,000

Now,1886,’87,’89
July," 1887
July 1, 1897
Sept, 1, 19071
1SS1 to ’95
Juno 1,1887

Sept., 1885
Jam, 1893
Jam, 1900
Jam,

1900

do

1892

Treasury.
Boston and Providence.

Sept. 1, 18S2-’84
May 1. 1835-’8G

18S2-’89
J.«t J., 1880-1912
18 8 G it1904-1909

do
do
Richmond, Treasurer,
do
do

it J.

<t J.

J. it J. N. Y.. Metropolitan N. Bk
N. Y., Union Trust Co.
F. it A.
Various New York and Rochester.
N. Y., Union Trust Co.
J. & J.
do
do

City Treasury,

Semi-an
J. & J.
F & A.
M. & S.

do
do
do

1831 to 1902
1893
1S80 to 190£
Jan. 1,

1903

1905
1882 to 1897
1882 to 1899
1891
1892

1880 to’39
Various N. Y., Nat. B’k Commerce.
Nov., 1889
do
do
M. it N.
1880 to ’89
Various St. Joseph and New York.
1891
T. & J. N. Yr., Nat. B’k Commerce.
19G1
do
do
F. it A.
1881 to’91
Various N. Y., Nat. Batik Republic
1S82 to 1906
do
v
do
Various
18S2 it ’87
do
do
Various
1S82 to’83
do
do
Various
Aug., 1898
do
do
F. A A.
1882 to’89
do
do
Various
1881 to’88
do
do
Various
Feb. 1,1885
F. & A. N. Y., Nat. B’k Commerce,
June, 1887,to 90
J. & D. New York and St. Louis.
April 1, 1892
A. it O. N. Y., Nat. B’k Commerce.

10 it G
10
4

Various
Various
Various
Various

1883 to’85
1884

July 1, 190G
July 1, 1895
London, Morton, Rose & Co
June 1, 1899
Providence.
July 1,’99 & 1900
do

Various
J.
J.

G A 7

218,000

America.

Philadelphia.

it
& D.

5 g.

3,263,545
1,214,700

348,000

J.jNew York, B’k of

M. & N.'Boston, Blackstono N. B’k.
do
do
ec J.
do
do
J. it J.
do
do
M. & S.
Boston and Portland,
m’nthlv
do
J. & D.
Providence.
M. it 8.
do
J. it
Boston, Prow and London.
&
N. Y., N. City Bank, it Pro w
A
do
do
it

4*2

280,000
112,938

4

it

Various

420,000

410,000
359,050
176,000

J.

A: 5

500
500
100 Ac,
500

1872

Norwich,

O

it J.
A 0.1
A D.j
A D.
A D.

J.

May, 1901

N.j New York, Park N. Bank.
O.! ThamesX.BU; Bost.,Bk.Kep
do

J.
A.
J.
.J.
J.
J.
J.

rr

787,000

3,182,000

1875

do

15,037,425
5,999,400
8,4 84,485
74,500
50,000

lOOOAc.

•

....

yearly)

11,050,000

lOOOAc.
Various

1,000

..

•

4,853,500
8,701,000

(?)
160,000
750,000
938,686

....
....

registered....

City RR.

-

^

....

Bonds, reg. and coup. ($210,000 are
New fives—
Rochester, X.F—To Genesee Valley

do
Notes and certificates of deposits
SI. Joseph, J/o.—Bonds to St. Jo. itDen
Bonds t< Missouri Valley Railroad
Bonds IV t various purposes

lOOOAc.
£100
lOOOAc.
Large.

1870

'

Rockland, 2Ie— City bonds
Railroad loan ($20,000 payable

1000Ac.
lOOOAc.

1872
1874
1876
1875
1879
1879
1872
IS 77

Public

To Roch. it State L. and R.
For various city improvements
Water works loau, coupon and
Fun dins loan

1,000
1000Ac.
1000Ac.

1855
1863

do

improvement loan, registered
Springfield RR. bonds, guarantee
Prow
Brook Street District certificates
do
do
do
coupon..
New High School Building certificates ....

500 Ac.

1867

bonds, gold, coupon
do
registered

do

....

1,000
1867 to’69 500 Ac.

’68,’69,’70

'
do
do
Portland A Ogdensburg
Municipal—proper, ($03,000 are.Ss due ’83).
Building loan bonds
Providence, 11. T.—Bonds for public improvem’tf
Recruiting and bounty bonds

'do

0,500,000

.

1 881 t o ’35
J. Norfolk, Treasurer’s OHice.
’90-’94-’99,1900
do
do
S.i
1911
do
do
J.
A pi.,’92; July, '93
do
do
O.

Various!

5
7
7
5, G. 7

2,179,409
5,127,700
1,405,000

...

1871 to’73

.

do
do

do

•

....

....

,

.

.

5
8
8
7
5
0 A '

Due.

Whom.

205,000 7,6g.A7g Various!
Mch.1,1882 it ’S3
M. it SJN. Y., Mercantile Nat. Bk.
10
42,000
July 1, 18S8
New York.
J. & J.l
7
100,000
1893 to ’98
Pittsburg, Treasurer,
A. it O.
7
4,279,000
190S
do
do
J. & J.
G
300,000
1881 to 1912
A 7
Various! Pittsburg, Pliila. it N. Y.
1,220,000
1913

....

.

do

do

110,000

4,320,100
1,725,000

195,000

....

Bountv loan

__

.

.

.

Water loan.

Water loa n

o.

113,500
130,000
399,000
338,000
100,000

3 85 8-’73
IS 62-’71

.

Centennial
Bonds for war and bounty purposes
do
municipal, school, sewer, Ac
Guaranteed debt, gas loans
Four per cent loan (“A” to “ Y”)
Peoria. ills—School loan
Water loan ($50,000 each year)

Loan to

,000

.

for bridges
for park and

do
do

1,000

125,000
100,000
300,000
104,000

1,000

’68,’78,’80

.

.

War

Thilad doll in— Bonds prior
Bonds for railroad stock
do
for water works

1,000

1871
1SG8
I 877

; iv s

415,800
500,000

1872-’73

)

^•—School lionets
bonds
Sewer b’ds ($125,000 are M.A S. & $10,000

Paterson. -Ar.
Fun dell debt

100
100

.

J. X
M. A
J. A
A. A.
M. it
A. it
A it

Principal—When

Payable and by

Where

Pay’ble

6

417,000
325,000

4 881

-- -

1800,

100

IS 70 -’71

.

bonds of 1881 (exempt;
paving, coup, (pay g, *18'

Rate.

$697,138

$100

To—Registered stock.... & J.)
bonds ($-0,000 Os are J.

Coupon

outstanding.

When i

Value.

3.

por

Amount

par

Date of

7

6

6
G
6
6 g.
6
6
7
6 g.
6 g.

farm
$19,in tax levy. (V. 33, p. $*191,481,202; suburban property, $35,197,912;the fullproperty,
096,115; all the personal being classified with
city property.
Population, 1870, 674,022, against 847,542 in 1S80.
Norfolk ,Ta.— The assessed valuations and tax rate per $1,000 have been:
Peoria, III.—Total debt, $686,500; tax valuation, 1876, $14,574,105.
Tears.
Real Estate.
Personalty. Tax Rate,
!879
$S,689,71G
$1,497,130
$19 Population, 31,780 in 1880; 22,849 in 1870.
1880
8,801,392
1,403 498
19
Pittsburg.—Assessed valuation
iSSL
9,354,705
1,310,801
20 personal, only $2,516,540. Tax in 1S80: Real property, $85,744,990 ;
rate, 1880, 20*4 mills per$l. Popu¬
!882
1,027,855
9,526,406
lation, 153,SS3 in 1880; 86,076 in 1S70. interest defaulted April,
1877. on Penn Avenue improvement bonds, legal points being dis¬
Norwich, Conn.—The assessed valuations, tax rate, Arc., have been :
Real
Personal Rate of Tax Debt. Funds, Ac. puted.
Total Sinking
lears.
Estate.
Property, per $1,000.
Portland, Me.—The sinking fund and available assets March 31,1881,
1876
$7,735,158
$3,725,840
$11
$705,664
$
were $203,221.
The city is protected by mortgages 011 Atlantic & St.
Lawrence, Portland A Rochester, and Portland A: Ogdensburg railroads.
J877
8,184,815
3,273,074
8
763,277
1878
7,794,678
3,039,564
7
771,863
3,535 Population in 1879, 35,010, against 31,413 in 1870, and 26,341 in 1860.
i.8/9.
7,435,413
9
777,312
9,191 -Population in 1SS0, 33.S35; 1870, 31,413. The assessed valuations,
3,057.099
—Population, 21,145 in 1880; 16,653 in 1870.
tax rate, Are., have been :
Personal Rate of Tax
Total
Sinking
Paterson, N. J.—Finances are'apparently in a sound condition. The
Real
assessed valuations, tax rate per $1,000, Are., have been :
Property, per $1,000.
Debt. Funds. Ac.*
Years.
Estate.
$19,067,200 $11,825,04 5 $25 00 $5,507,900 $377,001
Q\^ars.
Real Estate.
Personalty. Tax Rate.
Debt.
11,458,354
25 50
5,310,600
360,815
19,212,800
{848
$3,255,659
$15,850,857
2*4
$1,286,500

tiou instate taxes was about

equal to reduction

40, 244.)

„

_r

_

J8/9
1880

15,923,108
16,398,008

3,246,501
3,544,517

—Population, 50,950 in 1880; 33,579 in

1870.

2t±

1,275,000
1,259,500

*

ol7*^^phiu. —T11 e total funded debt, January 1, 1881. was $09,461 .S ’4; floating debt, $601,365; 011 January 1,1882, the1,
debt was including
Jlb; floating debt, $489,487.
Total assets Jam
1882, $08,139,smtong Bind, railroad stocks held, and $2,549,998 of taxes “due and
^ctfl'le,” and $2,742,025 cash, were $27,445,373. value: following
In the
laoie the assessed value of real estate is near its cash
icrv>ars'
Real Estate.
Personalty.
$10,004,073 Tax Rate.
$585,408,705
$21 50
593,313,532
577,548,328

-




8,069,892

529,169,382

ISqi
Assessed valuations

9,755,000
9,439,709

526,539,972

*

7,498,452
7,803,385

543,669,129

of

..

545,608,579
8,166,650
property for 1882 arc: Full city

22 50
21 50

20 50
20 00
19 50
19 00

property,

19,825.800
19,777,200

These do not

10,359,128
11,376,456.

include the sinking

25 00
25 50

5,235,600
4,688,100

funds for railroad loans.

Pi'ovidence, II. I—The principal debt
since 1872 for water works, sewerage,

225,710
92,350

of Providence has* been created
new City llall and llfook Street

bonds due in 1885. $635,104;
1900-0. $119,457. Population,
1870, 68,901; 1880, 101,760. The laws of Rhode Island now limit the
debts of towns to 3 per et. of their assessed valuation. Assessed valua¬
Improvement. The sinking fund for
1893, $238,126; 1895 99. $317,139 r

tions (true
Years.

value), tax rate,

Arc., have been:per
Tax

Real

Personal

Estate.

Property.

$80,341,100

86,816,190
88,012,100
87,788,000

1881....
State valuation,

$30,699,400

28,705, GOO
27,908,900
28,413,800

$108,547,726; city,

$1,000.

$14 50
14 00
13 50
14 00

Total

Assets in Sink.

Debt.

$10,390,550

10,475.550
10,202,088
10,100,599

$110,201,800.

Funds, Arc.

$1,292,697
1,237,008
1,359,142

1,397,558

SECURITIES.

CITY

XIV

Subscribers will confer a

great favor by giving

[Vol. XXXIV.

Immediate notice of any error discovered in these Tables.

*

INTEREST.

Date of
Bonds.

DESCRIPTION.
For

1871 to’73

(gold)

outstanding.

par

Bridge approach bonds (gold)
St. Louis County bonds assumed-

’90)

1,000
1,000

1,000

461,000

500

1188777956.. 81
insane

1868
1872

County Jail

General purposes, gold
Renewal
Park bonds, coupon, gold

1875
1875
Various.

County bonds

|H f

St. Paul,

92 14

8 per

Minn.—Revenue bonds

Various.

Preferred bonds

Lake

m

cent bonds
Superior & Mississippi Railroad

1879.

St. Paul & Chicago Railroad
Public Park (Como.)
Local improvement
Bonds

1868-9
1878

Bonds of 1858, coujion (gold)..
Judgment bonds, coupon (gold)
Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do
Judgment bonds,
do
do

bonds

Hospital bonds

1867

1870 to’72
1874
1872 to ’75
1871 to ’73

tax)

6
6
7
7
6

100,000

100,000
115.000

100 Ac.

1,000

100 Ac.

1,000

'

Ac.

Ac.
Ac.

Ac.
500 Ac.

•

1,579,000

928,000

1876

1879

■

....

....

3,000,000
1,250,000

100 Ac.
Various.

Large.

1,200,000

174,000
240,000

1,160,650
432,000

1,000,000

....

1870 to’81

3 870 to’76

505,521
1,886,000
325,000

500 Ac.
500 Ac.

371,300

Valley
lease of
62,386 in 1870.
been:
Tax pcr$l ,000

The bonds of Genesee

Railroad loan, $168,000, are provided for by net receipts from a
said road to Erie Railway. Population, 87,057 in 1880;
Assessed valuation (60 per ct. of true value), rate of tax, Ac., have
Total
Years.
1876

-

Personal

Estate.

Property.

Debt.

in old Wards.

18-75
$5,594,686
$1,958,900
20-21
5.549.186
2,003,800
19-64
5,471,686
1,706,300
21-79533
5.446.186
1,584,940
Richmond, Ya.—Real estate assessed, 1880, $28,348,283; personal,
$7,471,488. Tax rate, $1 40. Population, 63,243 in 1880 ; 51,038 in ’70.
Rockland, Me.—Valuation of real and personal estate, 1881, $3,460,000. Tax rate, $25 per $1,000. Population. 7,599 in 1881; 7,074 in
....

$53,661,475
48,196,975
42,658,350
37,717,175

1870.

Mo—Population in 1880, 32.484; in 1870, 19,565. As¬
sessed valuation of real estate, 1880, $5,723,784. Personalty, $3,294,461; total $9,018,235. Rate of tax, 1880, 32*e mills. In 1881
St. Joseph.

assessed valuation was
cent of actual value. A

total

$9,885,000, which was probably about 60 per
compromise of the debt was made in new 4

cent bonds, which are given for the full principal and interest of old
(V. 32, p. 659.)
St. Louis—Population by the United States census in 1870 was
310,864, against 333,577 in 1880. The city and county were merged
by law in 1877 and city assumed the county bonds. The

per

bonds.

Comptroller

following in his report to April, fiscal year (April appear is
f^ves the The bonded debt at the close of1881: The liabilities9, 1881) as
ollows:

$22,417,000. A claim of the 8t. Louis Gaslight Company for gas fur¬
nished. amounting in all to about $850,000, was decided against the city in
1880, but appealed. Assessed valuation of property and tax rate have
been:
Real Estate
Rate of tax per $1,000.—s
New
Bonded
and Personal
Old
Years.
Property.
Limits.
Limits.
Debt.
1878
$173,086,330
$5 00
$17 50
$22,787,000
1879
•
164,399,470
5 00
17 50
22,614,000
160,634,840
5 00
17 50
1880
22,507,000

or

do
do
do
do

M. A N.
M. A N.
J. A J.

London.
do
do

do

J. A J.
M. A S.
J. A D.
J. A J.
A. A O.
M. A N.
M. A N.
M. A N.
Various
J. A D.
T. A D.
•

Dec. 10,1892

July 1,1887
Sept. 1, 1888
June, 1892

.do

1889 to 1896

do
do

April 1,1905
May 1,1895

Y., Kountze Brothers.
do

do
do
do
do
do
do
do

do
do
do
do
do
do

•

•

A
A
A
A
A
A
A
A
A
A
A. A
J. A
J A
J.. A
M. A
J. A

do
do
do

do
do
do
do
do
N.

1891 to ’QA
NOV. 1 1QQQ
r
10ao
v
Mav 1. 1 ftQp;
1894 A lftoo
Jan. A .TnnA iann
,

do

do
Various
T. A D. N. Y., Nat. B’k Commerce.

J.
A.
J.
J.
A.
J.
J.
A.
J.
M.

Due.

'

1880 to’90
1883 to’86

1889, ’90, ’96
1888 A ,798~
1900
1903
1839

J.
0.
April 1, 1904
1880 to 1889
J.
City Treasury.
Jan. 1, 1891
J. Boston, Merchants*Bank.
do
do
0.
Apl. 1,1883-1898
do
do
J.
July 1, 1904
Jan. 1, 1888
J. San F.AN.Y., Laidlaw A Co.
do
Oct. 1, 1883
do
0.
do
'
do
J.
July 1, 1894
do
do
N.
Mayl, 1895
Oct. 1, 1887
do
do
O.
do
June 1,1882 to ’90
do
D.
do
do
J.
July 1, 1894
do
1897 A 1904
do
J.
Nov. 1, 1891
do
do
N.
do
do
July 1, 1894
J.
1899

do

do

....

3 896
Feb. 1,1909
1882 to 1896
1881 to 1884
1880 to 1906
1882 to 1884
1882-1889

A J. San.F.A N.Y.,L lid law A Co.
N. Y., Eugene Kelly A Co.
5 5 *26 6 82 Various Boston. Nat. Security Bank

167,000

Railroad loan
I860 to’79
Toledo, O— General fund city bonds, coup
1870
Toledo & Woodville Railroad, coupon
’73,’74A79
Water works ($3,000 only Os)
1874 to’80
Short bonds, chargeable on special assessm’ts.
1861 to ’81 500 Ac.

($53G,500 c., |$1,319,500 r.)
Sewer debt (all registered)
Water debt ($80,000 coup., $291,300 rcg.)

New York

Various

7 g5

'

1,000
1,000
1,000

Payable, and by
Whom.

J.

Q-F.

do

do

do

Various
6*2
325,000 i
320,000 5*2,6,6*2 Various

Large.

Large.

Worcester, MV—City,

6

Where

When

Pay’ble

•

gg.
g.
g.
7 g.
7 g.
6 g.
6
6 g.
7 g.
6 g.

150,000

Springfi eld, Mass— City notes
City b onds
Water loan ($200,000 are 0 per cents)

Real

5 A
6
6
5
6
7
7
7

103,000
300,000
500,000
398,500
330,000
435,500
307,000
172,000
246,000
385,000
200,000
475,000
210,000
611,000

$155,000 J. AJ.)

Rochester.—Total debt, $5,960,410.

8

200,000
100,000

500 Ac.

Dupont St. (special) (Act March 4, 1870)
Savannah, Ga.— New compromise bonds
Somerville, Mass— City debt
Park <fewat’r ($170,000A.&0.;
Water loan

7

1875 to’76 500 Ac.
1873-74

:

6 g.
6 g.

263,125

1,000
1,000
1,000
1,000

500
500
500
500

6 g.

48,710

500 Ac.
1858
1863 to’64 500 Ac.
500 Ac.
1864
500 Ac.
1865

1874

Correction bonds

City Hall construction
Montgomery Avc (special

5, 6 A 7

Various
Various
Various
500 &c.

1871

Water loan
do
San Francisco—

House of

m

7A6g.

707,425

1,000
1,000
1,000

Various.

Salem, Mass— City debt
City debt

School bonds
School bonds
Park improvement

m

1868
1870
1873
1873
1879

500,000
600,000
850,000
1,900,000
500,000

1.000

1873 to’76

7
7

100,000

1,000
1,000

1867

Asylum

6 g.
6 g.
6 g.
6 g.
5 g6 g.

1,074,000
707,000
2,747,000
1,024,000

1,000

1875
1874-’79
1880
1872

sterling

Renewal, Ac., bonds, gold, $ and £
Renewal, Ac., bonds, gold, $ and £. coupon...
Renewal bds.,gold,$ and £ (part red’mable

Rate.

$681,000

$1,000

1873

Principal—When

Amount

or

Value.

explanations see notes on first page of tables.

St. Louis—(Continued.)
Renewal and sewer bonds
Renewal purposes, gold or

H

Size

do

Various
City Treasury.
Various Boston, First National B*k.
6
do
do
Apl. 1,’94, to 1905
A. A 0.
6 A 7
do
do
A. A O.
Apl. 1, 1879-1893
7
1881 to’94
6, 7 A 8 Various N. Y., Imp. A Trad. N. Bk.
do
do
May, 1900
M. A N.
7-3
1893, ’94 A ’99
do
do
Various
6 A 8
1879 to’81
do
do
Various
7 A 8
1882 to 1906
4, 5 A 6 Various C.Treas.ABost. Mehts.’ Bk.
1899 to 1905
do
do
4, 4*o, 5 Various
3 882 to 1906
do
do
5 A 6
Various

4*2, 6

Salem, Mass—The

sinking fund amounts to about

$290,000. There

$46,000 of 4 per cent bonds also held by sinking funds. Population*
27,327 in 1880; 24,117 in 1870. Tax valuation, 1881, $23,788,356.
arc

San

Francisco.—Population, 233(066 in 1880;

149,482. in 1870. The

Montgomery Avenue and Du ontStreet bonds are special issues charge¬
able only on the assessment of property benefitted. The assessments for
four years and tax rate (per $100) are given below.
The large increase
in

personalty in 1880-81 was made by the arbitrary
making no sworn statements of their property.
Realty.
Personalty.

assessment of

persons

1878-79

$190,280,810

1379-80

166,429,845

1880 81
1881-82

165,023,G5S
155,870,926

$54,196,550
51,057,229
279,287,738
66,547,386

Tax Rate

$124
1 99*2
2 04
1 80*2

$225,000.
Savannah, Ga.—Default was made on interest Nov. 1, 1876, in conse¬
quence of yellow fever and non-collection of taxes. The compromise,
as reported in V. 26, p. 625, gave new 5 per cent bonds for the face of old
bonds; and for interest up to Feb. 1,1879, 58 per cent of the face value
in similar bonds. Assessed value of real estate and tax rate each year
have been as follows: In 1875, $13,932,012, $22 50; 1876, $14,256,540,
$22 50; 1877, $14,256,540, $15; 1878, $9,946,633, $25; 1879,
$10,100,000, $25. Population in 1870, 28,235, against 30,747 in 1880.
Somerville, Mass.—'Total debt, January 1, 1882, $1,585,000; sinking
fund, $312,263. Except $140,000 5s in $1,000 pieces, all bonds are in
$2,000 to $50,000 pieces. Population, 24,964 in 1880; 14,635 in 1870.
Springfield. Mass—Total debt, January, 1882, $1,811,221. The rail¬
road debt falls due $20,000 each year. Population in 1880,33,536;
1870, 26,703. Tax valuation and rates have been :
Tax rate
Sinking funds raised annually amount to over

Personal

Real Estate.
$22,746,330

Years.

property.

per

$1,000.

$11 00
$6,637,845
12 00
1879
22,211,230
7,230,094
12 50
23,795,920
8,935,850
1881
—Valuation of real estate is about 67 pel* cent of true value.
1881
5 00
17 50
22,417,000
Toledo —Total debt, January, 1881, was $3,316,091. Of this the debt
St. Paul, Minn.—Population in 1870 was 20,030; in 1880, 41,619.
payable by special assessments was $505,521, and tlie certificates of
Assessed valuations of taxable property and tax rate Total been:
have
Rate of Tax
•indebtedness, $62,64jl. Taxable valuation of real estate, 1878, $12,Personal
Sinking
Debt.
Funds, Ac. 805,945; personal, $5,350,150. Tax rate, $3 36 per $100. Population,
per $1,000.
Property.
Years.
Real Estate.
-

$20,836,740
18,835,525
18,993,545

$6,919,216

6.340,493

5,452,871
5,491,026

22 mills.
3 6
“
“
18
33
“
15
“

17,300,486
5,942.503
17.300,766
—Valuation of real estate is about 40 per




$1,323,812

1,332,500

1,327,200
1,356,444
1,519,310

cent of true value.

$616,292

551,755
567,642
616,000
656,000

53,635 in 1880; 31,584 in

1870.

Worcester, Mass.—Total debt,

(V. 30,p. 356.)

$2,582,300. Cash assets,
58.040 in 1880;
I860, $41,005,112 ; in 1881, $42,606,-

January 1,1882,

$101,748, ineluding$265,299 sinking
41.105 in 1870.

Tax valuation,

529; tax rate, 1-68.

fund. Population,

s

1882. J

February,

Subscribers will confer
description.
Pnr explanation
j?ore

of column

first page

on

Alabama
Alabama
Ala.£

a

headings, &c., see notes
of tables.

Size, or

Central— 1st mortg. gold coupon

June.—Debentures
Gt.Soulh'n.—Receiver’s certifio.of Ala.&Cliatt
1st mortgage, coupon, (for $1,750,000)....

Amount

Outstanding

$1,000

0881
Susquehanna—Stock
(sinking fund, 1 per ct.‘yearly) ’
Consol, mort. (guar. D. A II. endorsed on bonds)’*
Allegany Central—1st mort.,gold ($8,000 per mile)*

Albany (£
1st mortgage
Albany City loan
2d mortgage

Allegheny Valley—Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed)
1st mort., East’n Extern, guar,

2d mort * East ext'
by Pa. RR

bonds, with traffic guarantee
I
Amador Branch— 1st mortgage

Spartanburg—1st mortgage, gold
Ashtabula d Pittsburg—1st mortgage, coup, or reg..
Atchison Col. d: Pacific—1st mort., guar
Atchison Jeivcll Co. d• West— 1st M., guar. C.B.U. P.
Atchison Topeka d Santa Fc—Stock1st mortgage, gold
Land grant mortgage, gold
Consol,
*

'

'

*

—

Asheville d

781

bonds, gold
Construction notes

10
of

Land income bonds, 5 to
years
Bonds, gold (secured by mortgage
S. F. bonds for purchase
K.
Sinking fund bonds (secured by
Wichita A Southwest., 1st M.,

1865

1805
1876
1382

259
132
110
110
259
27
30
62
229
34

1790

470
•

•

•

1860
1870
1871

....

500,000

2,166,500
4,000,000

100 Ac.

1877
1876
1878
1879
1879

7
6
7
7
6 g.

2,605,000

1,000
100,000
1.000

1874

1,000

100
500 Ac.
500 Ac.

0
7 g.

0
6

54,337,500
7,041,000
2,915,500
109,000

3,672,000

6

542,000

500 Ac.

1,000
1,000
1,000

Q.-F.

IQ

J.
0.
O.
J.
J.
O.
S.
0.
J.
J.
S.
J.
J.
J.

Boston,

controlled by Union

North Nat. Bk.

July, 1899
1, 1900

Pacific.

A
A
A
A
A
A
A
A
J. A

J.
A.
A.
J.
J.
A.
M.
A.

7 &•

7 g7 g.
7

78,000
438,500
1,149,000
3,706,000

....

....

1S78
1880
1S80
1880

7

1,500,000

....

A

J.

March 1,1896
A J. N. Y., Winslow, L. A Co.
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
A. A O. Philadelphia or London April 1, 1910
Oct. 1. 1894
A. A O. Pittsburg, Co.’s Ofiiee.
Jan. 1. 1907
J. A J. N. Y., Cent. Pacific RR.
Jan. 1, 1897
J. A J. Charleston A New York.
F. A A. Phil., Fid. T.T. A S.D.Co. Aug. 1, 1903
May 1, 1905
Q.-F. N. Y.. Hanover N. Bk.
May 1, 1905
Q.-F. N.Y., Hanover Nat. Bk. Feb. 15, 1882
Boston.

5
7

400,000

1,000
1,000
1,000

1869
1870

1882
S.
Jan. 1, 1908
J. N.Y.,Farmers’ L. A T. Co
Jan. 1, 1882
J. N. Y., B’k of Commerce.
July, 1888
J. N.Y.,Del. AHud.Can.Co
Nov., 1895-’97
do
do
N.
Oct., 1885
do
do
O.
April 1, 1906
do
do
0.
N.Y., Post,Martin
Co. Jan. 1, 1922

A
A
&
A
M. A
A. A
A. A
J. A

7-30 J.

3,000,000
10,000,000
7,571,800
675,000

100 Ac.

....

M.
J.
J.
J.

3Q

3.500,000
1,000,000
1,000,000
1.807,000

50

....

....

.

bonds)

1,000
1,000
1,000
1,000
1,000

1863

•

Whom.

N.Y.,Metropolit’u N.Bk July 1, 1918

& J.

J.

Stocks—Last
Dividend.

Payable, and by

Payable

8
6 g.

1,44S,000

100

....

61

•

1,6*00

1878

pal, When Due*

Where

When

6

200,000

..

296
177
142
142
142
112

Rate per
Cent.

$1,000,000
5,000,000

1881

Donets—minei

INTEREST OR

Par
Value.

1878

95
233

N. 0. Texas & Pacific

Funding income

notice of any error discovered In these Tables.
DIVIDENDS.

great favor by giving immediate
Miles Date
of
of
Road. Bonds

xv

AND BONDS.

KAILROAD STOCKS

8
5 g.
5

do
do

do
do

Oet,

1903
1882
Jan. 1, ’83-’88

Boston.

Boston, Co.’s Office.

April 1, 1909
Sept. 1, 1920

Boston.
do

Com’ce

Oet. 1,

1920

N.Y., Nat.Bk. of
4Q
5,073,000
C. L. AJ3. K. stock.
Boston, North Nat. Bk. July 1, 1902
7 g.
412,000
1872
1,000
27
mort. bds.)
Boston, Everett N. Bk. July 1, 1905
7 g. J. A
854,000
gold, guar
1875
1,000
Mar. 1, 1906
66
do
do
M. A
7
200,000
Kans. City Top. & West. 1st mort., gold
1878
Dost., N. Bk. of N. Am’a July 1, 1905
7 g. J. A
do
do
income bonds
1,633,000
1875
1,000
148
July 1, 1905
do
do
7 g. J. A
1.942,200
1878
1,000
134
Pueblo A Ark. Valley, 1st mort., gold, guar
Boston, North Nat. Bk. July 1, 1909
J. A
7
514,000
do
do 1st (A 2d on 148 miles) guar.. .
1,000
1879
Oct. 1, 1909
A. A O. Bost., N.Bk.of Republic
7
566,000
1,000
1879
Kansas City Emporia & S., 1st mort., guar
Cowley Sumner & Forts., 1st mort., guar
Asheville & Spartanburg.—Road, as projected, extends from Spartan
Alabama Central— December 31, 1880, owned from Selma, Ala., to’ burg, S. C., to Asheville, N. C., 67 miles, of which 48 miles, Spartanburg
to Hendersonville, are in operation. Placed in hands of receiver Novem¬
Lauderdale, Miss., 96 miles; leased (M. & O.), 18 miles ; total operated
114 miles. Chartered as Alabama & Mississippi February 17, 1850, and ber, 1878. Capital stock, $1,000,000. (V. 32, p. 17, 396.)
road opened from Selma to York (81 miles) Aug. 10,1803.
Subsequent¬ Ashtabula <£• Pittsburg.—December 31,1881, owned from Youngstown,
ly name changed to Selma & Meridian, and June 21, 1871, re-organized O., to Astabula Harbor, O., 62-6 miles. Organized as Ashtabula Youngs¬
as Alabama Central.
Default January 1, 1872, and finances re-adjusted town & Pittsburg in 1870, and road opened May 1, 1873. Pennsylvania
in 1878. Capital stock, $2,000,000; first mortgage (on 95 miles) 6 per
1, 1877. Default
Company, as
to
cent 40-ycar bonds, due July 1, 1918, $1,000,000.
Income mortgage July 1, 1878, lessees, guaranteed bonds up 21,JanuaryExisting company
and property sold August
1878.
8 per cent (if earned) 40-year bonds, due July 1, 1918, $1,400,000;
total stock and bonds under re-adjustment, $4,400,000. In 1881 a con¬ organized September 25, 1878, and it is leased by Penn. Co., which pays
net earnings to A. & P.
The common stock is $958,491 and preferred
trolling interest was sold to the East Tenn. Va. & Ga., by which this stock
$700,000. Earnings, Ac., for five years were as follows:
road is now operated. In 1880, gross earnings were $229,105; net,
Earnings. Expenses. Profits.
Years.
Stock.
Bonds.
$56,095. (V. 32, p. 2sS; V. 33, p. 559.)
1877
$1,817,880 $2,000,000 $227,206 $176,993 $50,213
Alabama New Orleans Texas <£■ Pacific Junction.— The preferred or “A” 1878
mjjijjmm
1,671,867
1,500,000
271,658 181,731 89,927
1,500,000
252,601
183,625
68,978
shares authorized arc $12,500,000, and the deferred or “B” shares
1879
1,658,491
1,500,000
198,815
83,827
282,643
authorized also $12,500,0o0; and of the total $25,000,000, about $15,1,658,491
1,500,000
317,500
203.246 114,254
000,000 are out. The company purchased the Vicksburg & Meridian, 1S81
1,658,491
Vicksburg Shreveport & Pacific and the New Orleans &'Northeastern
Atchison Colorado d: Pacific.—In February, 1880, the Watcrvillc A
railroads. See V. 33, p. 22.
Washington, Republican Valley, Atchison Solomon Valley & Denver and
Alabama Great Southern.—De'c. 31, 1880, owned from Wauhatchie,
the Atchison Republican Valley & Pacific railway companies were con¬
Tenn., to Meridian, Miss., 290 miles; leased,Wauhatchie to Chattanooga, solidated into a new company called the Atchison Colorado & Pacific
6 miles; total operated, 290 miles. Northeast & Southwest Alabama Railroad Company, and a new first mortgage of $16,000 a mile, with
chartered Dec. 12, 1853. Reorganized as Alabama & Chattanooga Oct. interest at 6 per cent per annum, issued to take the place of the first
6, 1868, and was opened May 17, 1871. Default made Jan. 1, 1S71, and mortgage bonds of the railroad companies named. The road is an exten¬
road sold under foreclosure January 22, 1,877.
Present company sion of the Union Pacific Central Branch, by which the bonds arc guar¬
d anteed and
the road is controlled, and the whole system is virtually
....

....

....

-

.

-

.

....

.

r-

s.

held by trustees. (V. 30, p. 117.)
thoroughly renewed. Capital stock—
cent, $783,000 ; funded debt,
$1,750,000, and Receiver’s certificates, $200,000 (of which $134,000 m
litigation, all valid certificates allowed by U. S. Court paid on presenta¬
Gross earnings in 1879, $144,181, and operating expenses,
tion).
$356,283; net earnings, $87,807. Gross in 1880, $613,130; expenses,
$151,335; net, $191,795. (V. 32, p. 499, 611; V. 33, p. 125.)
Albany d; Susquehanna.—December 31, 1830, owned from Albany, N-

These lands (about 550,000 acres) are
The road and equipment have been
Common. $7,830,000, and preferred 6 per

owned and

Co. d- 1 Vest. -Under same auspices and control as
A Pacific. •
Atchison Topeka d: Santa Fc.—Dec. 31, 1331, mileage was as
Main Line—Atchison to Kansas State line, 471 miles.
City to Topeka, 66 miles; Pleas’t Hill to Cod. June., Ka.,

Atchison Jewell
Atchison Colorado

follows:
Leased—Kansas
45 miles; Eniponato Howard, 76 miles; Florence to Douglas, 54miles: Florence to
Etlinwood, 99 milt s; Newton to Wichita., 27 miles; Wichita to Arkansas
River, 69 miles; Wellington to Caldwell, 23 miles; Kan. State L. to S.
Pueblo, Col., 149 miles; Pueblo to Rocky ale. Col., 37 miles: La Junta to
.to Binghamton, N. Y., 142 miles; branches—Quaker Street, N, Y.Mex. State L., 96 miles; Col. St. L. to San Maroiai, N. M., 354 miles;
Lamy to Santa Ee, 18 miles; San Mareial to Doming, N. M., 128 miles;
Rincon to Texas line, 58 miles; Texas line .to El Paso, 20 miles; total
leased, 1.319 miles.
Total operated directly, l,79o miles. Owned
jointly—Burlingame to Manhattan, 57 miles.' The Kansas City Law¬
stock and bonds. Additions Wild betterments charged to lessors, and
& Southern Kansas, 384 miles, was also acquired by purchase
cost made part of investment. Tn 1371 lessees built t he Lackawanna & of the stock in Sept 1880, and the 5 per cent bonds due Sept. 1, 1920,
Susquehanna Railroad from Nineveh to their Pennsylvania coal fields, issued therefor (V. 31, p. 559), wit ii sinking fund of 1 per cent a year.
and secured the joint use of the Jefferson Railroad.
This opening The Kansas City Topeka- A Western is leased, and the lessee pays
gave a large coal traffic to the road and lot-lie other Delaware A; .Hud¬ interest
the Kansas City Topeka A West, bonds as rental. TLo 5 per
leased roads north from Albany to the Canada line. The consoli¬ cent bonds wore issued lor stocks and bonds purchased, and 46 per
dated mortgage is for $10,000,009, of which $3,450,000 is to retire old (tents for extension of the line to.Doming amt El Paso, and have the
bonds, and balance for a part of old stock audio lessee for improve¬ 6 per cent mortgage bonds of the Rio Grando Mexico A Pacific and
ments. Gross earnings in 1879-SO, $1,538,982 ; not, $657,288, against the Rio Grande A El Paso roads deposited as security lor them. The
$558,263 in 1S78-9 and $156,580 in 1S77-.8. Interest, dividends and sinking fund is IQ per cent, rising to 3Q by 1910. Such bonds as are
rentals in 1379-80, $721,371. Loss to lessees, $04,083.
(V. 32, p. 99, held in the’ company’s treasury, or leased line bonds held as collateral
205.)
for any of its own bonds given above, arc not included in the above
t
u; t a a c1 i u g.
Allegany Central.—Narrow gauge road from Olean, N. Y., to Swains,
61 miles. The road
nearly completed January 1, 1882. The total
A dividend of 50 per cent in stock voted Oet. 7 to stockholders of
issue is $600,000, and the bonds are redeemable any time at 105.
record October 24; also a subscription of 15 per cent new stock at par.
The total capital stock when all is issued—$51,337,500. See V. 33, p. 411.
Allegheny Valley—Doe. 31,1-SSO, owned from Pittsburg, to Oil City, ra.,
agreement was made in Feb., 1880, with the St. L. A San Fran., for
132 miles; branches—R<al Bank, Pa., to Driftwood, 110miles; others, 17 the
joint construction of a line to the. Pacific, under name of Allan. A Pan.
miles; total operated, 259 miles. Chartered April 4,1837. Road opened For terms see At!. A Pac.; St. L. A S. J-’.; and also the circulars published
through to Oil City (132 miles) Feb. 2, 1870. Low-Grade Div., Red Bank iu Chronicle or April 2 1. ’80, ami in V. 3 !, p. 113, 175. The company in
Driltvvood (110 miles) opened May 4, 1874. The company became em¬
1879 was engaged in sharp litigation with! ho Denver A Rio Grande. In
barrassed in 187.4 and compromised with i-hs creditors. It still falls short
January, 1880, by terms of mutual agreement, the suits were all termin¬
of earnin
‘ ’
'
ated. The agreement is to bo binding for ten years, and a judicial deoreo
entered to allirm this settlement. The annual report for 1880 was
published in the Chronic M2, V. 32, p. 412.
Income, etc., for four
as follows:
N.

rence

.,

on

son

am o u u

s (>

.>

was

An

to

was

The income coupon

issues.

for Oet. 1. 1881,

received $12 00

Pennsylvania
tue
bonds held by
oi

bond scrip. Of t lie income bonds the
RR., Northern Central and Philadelphia A Eric hold $1,587,000,
interest on which is paid altogether in bond scrip; the
individuals are paid in cash and scrip. Interest, Ac., in IsSO in excess

in cash and balance in

net

earnings, $315,109. Thecarnings, Ac., for

Years.

(V. 32,

i.

p.

oct

<■'<-»>■'

367, 525




2,492,080
1,910,222
1,745,316
1,919,528

94,606,809l'-r
107,352,410

XV (

;

$1,0S3,796
1,144,972
915,727
761,835
832-,301

V. 33, p. 440, 467.)

Amador Branch— Galt, Cal., to lone,
petuity from Jan. 1. 1877, to Central

Stock, $675,000.

$2,438,254

98,029,140
106,609,036
84,077,541

vrw«

—I~V QO

Earnings.

Earnings.

Mileage.

15,874,054
13,976,446
1880...;. 16,119,027

Net

Gross

Freight (ton)

Passenger
Mileage.
14,939,527
19,833,405

live years were as follows.

Leland Stanford,

Col., 27milcs.

years was

Paqillo-rental^tw pei mom

1878.

paid
Interest on debt

3,748,410

4,302,837

279,921
83,),0o3

401,267
790,513

830,772
795,446

864,273
734,527

72,812

Dividends
25,734

oilice.

Miscellaneous
Balance, surplus
Total
*

Included in

s

1,923,589

45,799

Disbursements—
Rent als

Exp’ses Boston

1380

1,191,856

Total income

Sundry debits
Gold premium

1879.
$

si

Leased inn>cr

President, San 1 lancisco.

INCOME AC COUNT

137-

17,733
5 4,124
20,691

1,191,856
operating expenses.

4, OS 3

30,199
22,108

691,311

1,727,195

35,125

40,490

031,620

l,3ii,579

941,717

1,928,589

3,748,410

4,302,837

Subscribers will confer a great favor by
Miles
of

Fe—(Continued.)—

Marion A McPherson, 1st mort., guar
Pleasant Hill A De Soto, 1st M., gold
Florence El Dorado & W.f 1st mortgage, gold
New Mexico & So. Pacific—1st mortgage, gold

44
31
295

265*2
265*2

Atlanta <t Charlotte—New pref. mort

Mortgage bonds
Income bonds,

registered (not cumulative)

Atlanta dk West Point—Stock

Augusta dk Savannah—Stock
Bald Eagle Talley—Geij’l mort.,(s. f. $4,000 per yr.>
Baltimore <£• Ohio—Stock
Preferred stock

Loan, I853
1870 .sterling, £800,000. sink,
do
Baltimore loan, I855-’90, sink, fund
Sterling mortgage, sinking fluid

34

1879
1877
1877
1878
1877
1877
1880

500

150
53
54

1,000

Bonds on Parkersburg Branch
Northwestern Virginia, 3d mortgage, 1855-85 ...
Bonds to State of Maryland
Baltimore dk Potomac—1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road*gold, coupon, s. f. 1 per cent
2d mortgage, income, road and tunnel, reg.
Belleville & South. III.—1st M., sink’gfund, guar

310,000
4,425,000
500,000
4,250,000
750,000
4.232.200
1.232.200
10,000,000
7,500,000
1,189,905
795,000
5,484,000
787,000
1,499,916

1,000

1,000

1,000
500
100

lOOOAc.
50 Ac.

1871

£100
£100
£100
100

1864
1871

1,000

1880

100
100

595

411
421

(payable$40,000y’ly)
Chic, line bonds .

120,000

,

iso

263
104

1*2
89
90
56

£200

1879

1,000

£100
£200

1855
1878
1871
1871
1875
1866

31, 113, 175.)

1,000

442; V.

Atlanta dk Charlotte Air-Line.—Dec. 31, 1880, owned from Charlotte,
N. C., to Atlanta, Ga., 269 miles. Successors of Richm. A Atl. Air-Line,
which was a consolidation (1870) of three separate lines in No. Carolina,
So. Carolina and Ga. The whole road was opened for traffic Sept. 28,
1876. Soon after completion default was made, and the property passed
to a receiver November 25, 1874. Sold under foreclosure December 5,

1876, and purchased by the bondholders, who formed the existing cor¬
poration February 27/1877, and possession was taken April 16, 1877.
On March 26, 1881, the road was leased to the Richmond A Danville.
The hne forms the Southwestern Division of the Piedmont Arr-Line
(yonder control of the Richmond & Danville Railroad), extending from
Richmond, Va., to Atlanta, Ga., 550 miles. Capital stock $1,700,000.
Total receipts in 1880, $951,688; expenses, $587,550; net, $364,137.
Interest, Ac., $337,700. Surplus, $26,437. Two per cent paid on incomes,
April, 1881. (V. 32, p. 443 ; V. 33, p. 687.)

1881, owned from East Point, Ga., to

WostPoint, Ga., 81 miles; leased, 6*2 miles; total operated, 87*2 miles.
In April, 1881, a controlling interest in the stock was purchased by W.
M. Wadley and others for the Central Georgia, and a stock dividend of

cent was afterward declared in debenture certificates. Gross
earnings in 1879-80, $368,130; net, $153,319; in 1880-81, gross, $118,054; net, $107,634. (V. 32, p. 444, 635; V. 33, p. 224.)
10O per

Atlantic & Pacific.—Road

187-09.

-

2,718,748
8,326,115
8,981,136
800,000

completed from Albuquerque, on Atchison

Top. A Santa Fe, about 300 miles, to the close of 1881, and in progress
to Big Colorado River. The company w;is building a Pacific line, of about
600 miles, in connection with the Atch. Top. A Santa Fe and the St. L. A
San Fran., which companies guarantee 25 per cent of the gross earnings
over their respective lines to and from tlws road, one year after its com¬
pletion, provided its own earnings are insufficient to pay coupons.’ The
bonds were sold, with a bonus of $750 in income bonds for eacn $1,000
first mortgage. The 1st mort. cou. bonds are $1,000 each and reg. bonds

A

A. A

J.

&

J.

A J. New York and Boston.
A 0.

J.
J.

A.
M.
At
M.
M.
A.
M.

6
5
3
6
6
6 g.
6 g.

M.

J.
A.
M.
J.
M.

London, Gr. Trunk Rw.
do
do
Savannah.

Oct.

1901
Mar. 15, 1882
Nov. 1, 1888
Oct. 1, 1884
May 1, 1891

Baltimore Office.

Nov. 1, 1881

A J. Balt., Merchants’ Bank.
A O.
Baltimore Office.
A S.
London.
A J.
Baltimore, Office.
A

Jan., 1882
1885

1895
1890

London.

S.

Mch. 1, 1902
1910

London, Speyer Bros.

A J.~
Baltimore, Office.
A D. Lon.. J. S. Morgan A Co.
A O. Balt. AN.Y.,D. M A Co.

A
A
A
A
A
A. A

1, 1910

Dec. 2, 1881
Pliila.,Far. A Meeli.N.Bk Jail. 1, 1910

J.
J.
A.
J.
J.
J.
A.
J.

6
6
6
6 g.
6 g6
8

July 1, 1910
1891

London, Gr. Trunk Rw.

6

3,000,000

1,500,000
3,000,000
2,000,000
1,059.0002

New York.
do

M. A N.

5

140,000

A N.
Mat.
A S.
A N.
A O.
A N.
A D.
A J.
A N.

0 g-

7.741,000

366,000

1,000
1,000
1,000

A
A
A

A.
A.
A.
J.

3*2

1,022,900
400,000
14,792,566
5,000,000

Dividend.

Bost.,N.Bk. of Republic Oct. 1, 1909
Boston, Everett N. Bk.
1907
O. Boston, Bk. of No. Am.
July 1, 1907
0.
Boston.
April 1,1909
O.
New York, Office.
April l, 1897
J, N.Y. Central Trust Co.
Jan. 1, 1907
O.
April 1,1900
J. Atlanta, Ga., atTreas’y. Feb. 1. 1882

6 g6
6
6
3
6
6 g.
6 g.

2.755.110

estimated to be 2,932,784 acres, of which 1,016,431 acres
sold, for

Atlanta dk West Povnt.—June 30,

Stocks—Last

A. A O.

6

712,932

1,710,000

1853
1870
1855
1872
1874
1875
1877

sold to January 1, 1881; in 1880, 78,241 acres were
$390,327, or $4 99 per acre. (V. 32, p. 43, 99, 182, 420, 431,

33, p. 23, 357, 411, 502; V. 34, p.

pal,^When Due.

A. A 0.

7
7 g.
7 g.
7 g7
7
6

$372,000

$1,000

iso

—

Loan, ster., (s. f. £7,500) lien on

Land grant

Bowls—Princi¬

Payable, and by

1881
1880
1880

fund

Sterling mortgage, sinking fund

were

discovered in these Tables.

DIVIDENDS.
Date Size, or
Amount
Rate per When Where
of
par
Outstanding
Cent.
Pay’ble
Bonds Value.

87

,

Debenture certificates for dividend
All. d-Pac.— lstg.,s.f.,cp.or rg.($25,000p.m.011W.D.)
Income bds., hon-cum’tive, ($18,750 p.m.on W.D,)
1st RR. & land grant bonds on Central Division..
1st land grant bonds on Central Division
Atlantic <£ St. Lawrence—Stock ($5,457,100 stg.)..
1st mort. to City of Portland (sinking fund)
2d mortgage, sterling, 5-20 years
do
3d
do
do

Purciiaseof Connellffv. RR

[Vol. XXXIV.

giving immediate notice of any error

explanation of column headings, Ac., see notes
Road
on first page of tables.

Atchison Topeka dc Santa

BONDS.

INTEREST OR

DESCRIPTION.
For

AND

STOCKS

RAILROAD

XVI

J. Balt., Balt, AO. RR. Co.
do
do
J.
J Balt, or London or N.Y".
O. Phila., Penn. RR. Co.
J.
Baltimore.
N. Y., 39 Wall street.
O.

Miles.
Broadford to Mt. Pleasant,Pa.
10
Connellsville to Uniont’n, Pa.
13

1881-1900
June 1, 1927
April 1,1919
1885

July 1, 1888
July l, 1911
April 1, 1911
Jan.
Oct.

1, 1915
1,

Miles.

.

Bcllaire to Columbus, 0

116

Chicago* Junction, O., to Illi¬
263
j nois Junction, Ill

137

Sandusky to Newark, O

1890

Newark, O., to Shawnee, O...
An abstract of the last annual
33, p. 586, and the following
profit and loss account showed

against $2,356,984 in 1879-80.

44

Total leased and controlled
902
Tot. operated Sep. 30,1880.1,450
..

report is given in the Chronicle, Vol.
extracts are quoted therefrom.
The
an increase for the year of $1,697,038,
It will be seen by this account that the

nominal surplus fund, which represents invested capital derived from
net earnings, and which is not represented by either stock or bonds,
amounts to $42,258,6S0.
The gross and net earnings of the main stem and its branches and of
the other divisions, for the last fiscal year, as compared with 1879-80,
were as

follows:

/—Earnings, 1879-80.—• -—Earnings, 1880-81.—*
Gross.

Net.

Gross.

Net.

$11,229,880 $5,172,980 $11,122,259 $1,846,615
Washington Branch...
314,405
246,496
.
353,570
193,533
Main Stem, Ac

712,158,

72*422

Central Ohio Division.
Lake Erie Division....

1,003,505
847,221

860,160

371,829
311,454
208,853

1,006,025
899,791

228,267
112,373

Chicago Division
Pittsburg Division

1,548,994
2,238,481

566,673
1,011,827

1,638,661
2,500,548
53,557

453,009
1,124,473
1,094

Parkersburg Branch

..

Wheeling Pittsb. A B..

Newark 8. & S. RR....

50,380

224,649

8,594

88,259

177,301

41,548

Total
$18,317,740 $7,986,970 $18,463,877 $7,073,398
The aggregate working expenses of the Main Stem, with all
and divisions, were 61-69 per cent, of the whole gross revenue,
5*30 per cent more than the preceding year. Eight
miles of track of the Main Stem and branches east of the Ohio River are

branches
being
hundred aud fifty

laid with steel rails. The increased cost of steel thus continuously
substituted for iron rails has been charged to the repair account as uni¬
now

formly heretofore.

The report had the following remarks: “ The needlessly low and unre$5,000 each. The stock authorized is $100,000,000, and issued to July, nmnerative rates under which a large amount of traffic has been trans¬
1881, $19,760,300, of which nearjy all is owned by the Atch. Top. A 8. ported by the trunk lines lias materially reduced the net result s of the
Fe and the St. Louis A San Francisco companies equally, and held in
past year as compared with those of the preceding years. The increase
trust for 30 years for these two companies. In January. 1882, a cir¬ in the surplus fund for the year ended 30th Sept, 1880, was $2,356,cular was issued (V. 34, p. 113) calling for subscriptions of $16,000,000 984, while lor 1881 it has been $1,697,038, thus showing a comparative
decrease of net results, with a largely increased business, of $659,946.
more to push the work, but the St. Louis A San Fran cisco Company’s
*
*
"The effect of the extremely low rates injudiciously forced
stock then passed into control of Jay Gould and C. P. Huntington, and
plans became uncertain.
The land grant claimed under the old upon the road has been, in consequence of the very small amount of
Atlantic A Pacific gTant is 25,600 acres per mile in Territories and stock, to reduce its net earn'iugs from upward of 6 per cent in 1880, on
12.800 acres in States, and on completion of the first 50 miles, Oct., its surplus fund of September 30tli, 1879, $38,204,657, after the pay¬
1880. the U. S. Attorney General held the company was entitled to lands ment of cash dividends to its shareholders, to 4 per cent in 1881, on its
on that section.
(V. 32, p. 182, 676 ; V. 33, p. 99, 356, 357, 467, 621; surplus fund of September 30th, 1880, $40,561,642. The result for the
fiscal year, under these adverse circumstancee, shows, in excess or the
V. 34, p. 60, 113, 175.)
cosh dividends, a net gain aud consequent increase of $1,697,033 or
Atlantic dk St. Lawrence— June 30, 1881, owned from Portland, Me., to that fund. It is shown by the report of the transporta!ion department
Island Pond, Vt., 149*2 miles, there connecting with Grand Trunk of that the tonnage of through merchandise east ana west lias been *.,014,Canada, to which leased for 999 years, August 5, 1853, at a rental 110 tons, while in the preceding year it was 1,980,397 tons, and
equal to 6 percent on stock and bond interest. Capital, $5,484,000, 1,425,629 tons in 1879; 959,568 barrels of flour, as compared with
of .which $27,000 is in U. 8. currency. The bonds to City of Portiaud 598,992 barrels in the preceding year, and 20,329,858 bushels of grain
are now provided for by aceummulations of sinking fund.
were brought to Baltimore during the fiscal year.”
Dividends for 5 years, 1872-77, 10 percent; for 1877-78, 7*2 per cent;
Augusta <6 Savannah.—Sept. 1, 1881, owned from Milieu to Augusta, for
1878-79, 8 percent; for 1879-80, 9 per cent; for 1880-81,10 per
Ga., 53 miles. Chartered as Burke County in 1838 and opened in 1854. cent. The three dividends from May, 1878, to May,-1879, inclusive,
Leased to Central of Georgia for $73,000 per annum.
Has no bonded were
paid instock. Results of operating all lines owned and controlled
debt. The capital ($1,022,900) represents its cost. Dividends of 3J2 per
for the live years 1870-81 :
cent are paid June and Dec. each year. Has a considerable surplus luml.
Net Earnings.
Years.
Gross Earnings
Operating Expenses.
$4,982,805
$8,220,055=62-28 p. c
,Bald Eagle Valley— December 30, 1880, owned from Vail Station, Pa., 1876-77.$13,208,800
5,995,978
7,769,301=56-44 “
to Lockhaven,Pa., 51 miles; branch, Milesburg, Pa., to Bellel'onte, Pa ,
13,765,279
6,502,385
7,691,595=54*18 “
14,193,980
3 miles; total operated, 54 miles.
Opened December 7, 1861, and
7,936,970
10.330,770=56-39 “
leased
18,317,710
to
Railroad Company for 99 years.
Pennsylvania
The
7,073.398
11,390,479 = 61 09 “
18,403,877
branch is the joint property of the lessors and lessees. Rental, 40 per
cent of gross earnings. Interest, $24,000, and dividends (January and The Baltimore A Ohio direct bonds of 1879 on Parkersburg Branch are
July,each 2*2 per cent), $27,500. In July, 1881,4 per et. div. was paid. secured by deposit or mortgage on_ that road. (V. 32, p. 230, 26*6, 299,
Stock, $550,000. The gen. mort., dated Jan. 1, 1880, was provided for 312, 334, 437 ; V. 33, p. 411,502, 575, 586, 041 ; V. 34, p. 1,60.
the replacement of the two series of bonds.
In January, 1881, pur¬
chased the Bellefontc A Snow Shoe road for $300,000, as reported.
-(V. 32, p. 90, 396.)
Baltimore d: Ohio.—September 30, 1880, mileage was as follows:
*

Miles.
19
49

Miles.

Balt, to Wheeling (main)
Branches—1To Jx>eust Point
Camden cut-otf
Junction to Frederick City.

3/0
5
2

..

Winchester to Strasburg
Strasburg to Harrisonbur,
.

Washington

Bridges..:
Total owned

Branches leasedHyattsvilie to Shepherd, Md.
Winchester to Harper’s Ferry




3
43
3
.

435

13
32

Total branches leased
Total B.AO. main and In ches.
Leased and controlled —

113
548

Relay House to Washington..

Pt. of Rocks to

31
104
32
150

Parkersb’g, WYVa.
Wheeling to Washington, Pa.
Pittsburg to Cumberland,Md.

Grafton to

Hickman

Run

Jimtown, Pa

Junction

to

lib.)

$1,106,6! 7. Gross earnings in 1880, $790,147 ; expenses,’
profits. $157,484 ; interest, $272,312; deficit. $114,8p8.
$966,432; expenses. $810,923;

profits, $12o,o08;

interest.

8,

wholly held by 1 enn. RR. to.
Belleville dk Southern Illinois.-Dec, 31,1880, owned from BelIcyillo,
2 Ill., to Duquoin, ILL, 56 miles. Chartered Lob. lo, 18o7, opened
deficit, $146,809.

income bonds

RAILROAD STOCKS

1882.]

February,

Subscribers will confer
description.

v^Texplanation of column headings,
a or e*i
ou first pag0 0f tables.

a

Miles

Date
Size, or
Par
of
Road. Bonds Value.

due 1877, extended, guar.
1854 (guar, by C. & A.)
1857 ( do do )
Bennington A Rutland— 1st mortgage
Berkshire—Stock........
Boston A Albany—Stock
Plain bonds, coupon or registered
Loan of 1875, coupon or registered
Boston Barvc A Gardner— 1st & 2d mortgages
3d mortgage (convertible into stock)
Bost. Clm.A Fitchb.A N.B.—Stock ($1,750,100 prof.)
1st mortgage, Agricultural Branch
bonds

Outstanding

$1,000

$1,000,000

1877
1854
1857
1876
1877.

64
64
64
67
59
22
324

i si

Equipment notes
Bonds, guar, by lease to

187-9.03

Old Colony

Concord A Montreal—Old preferred stock...
pf. stock (new pf. stock is $540,400)
Sinkiug fund bonds.
Consolidated mortgage bonds (for $2,000,000)....
Improvement mortgage bonds
Bost.Hoosac Tunnel A West.—Stock (for $10,000,000)
1st mortgage, gold ($25,000 per mile)
Boston A Loicell—Stock

Boston

Com.

.

•

’69-’70
1874

1880

1858
1873

160
166
57

1881
1881

”82

1,000
1,000
1,000

1872
1875
1876
1879

H
_

]
!

....

I

....

11873-4
1880

Operated in connection with the

Sc Terre Haute Railroad, and ex¬
50 miles, by the Belleville El
coal and ore, contributes business of

Rutland.—December 31, 1881, owned from Rutland
miles; branch, North Bennington to New
total, 59 miles. Chartered as Western
completed in 1851. Leased in 1857 to Troy Sc

per annum. Consolidated in Harlem
1870. and leased to Central Vermont in 1873, but lease

Since September 10, 1877, the Vermont division
the re-organized Bennington & Rutland. Stock
$1,004,000 (par $100), and bonds $175,000; total, representing cost oi
road ($25,008 per mile), $1,479,000. Interest Liability, $32,250 a year.
abandoned by lessees.
(as above) operated by

to
road opened
7
$600,000.
mile),than
Lessors pay taxes, &c., which reduced the dividends to less
6 per
cent, and the quarterly dividend due in October is usually omitted. Used

Berkshire—Sept. 30, 1831, owned from Connecticut State Line
Mass., 22 miles. Chartered in 1837, and
in perpetuity to llousatonic Railroad Company at
per cent on capital stock and cost of road ($27,273 per

Mileage.

Freight (ton)
Mileage.

8
8
8

2,186,873

8

8

*

(V. 33, p. 224, 467, 561,

714.)

owned from Worcester to
Wineheudon, Mass., 37 miles. Chartered in 1817, and road completed
in 1874. Leased Monadnock RR. lor 99 years from October l, 1874,
and lease transferred to Cheshire RR. in June, 1880.
Interest has
been minced to 5 percent. Interest liability at 5 per cent, $27,715.
Gross receipts in 1879-80, $183,866; net, $40,454.
(V. 32, p. 444; V.
Boston Barre A

Gardner.—Sept. 30, 1881,

33, p. 200.)

owned from
miles; branches, 34 miles;
operated, 151 miles.
railroads, both
of which had be^n consolidations of other original lines. The Framing¬
ham & Lowell is leased for 998 years and 4 months from October, 1879.
The whole property was leased (Feb. 1,1879) to the Old Colony Railroad
Co. for 999 years, the lessees agreeing to pay as rental 10-a per cent of
the gFoss earnings of tiie consolidated roads. The rcutiU. and other
income for the year ending Sept. 30, 1811, was $101,498, which loft,
after paying all charges, a surplus of $i 10,597 applicable .to dividends.

Fitchburg A New Bedford— Sept. 30, 1881,
Fitchburg, Mass., to New Bedford, Maas., 91
leased, Framingham & Lowell RR., 26 miles; total
Consolidation (Juno 1, 1876) of the B.C. Sc F. and tlioN.B.
Boston Clinton




Boston, at Office.
do
do

Q.—Mar
F. & A.

Nov. 15, 18 S1
Jan., 1S93&94
Mar.

1, 1SS2

Hatch & Foote.

N. Y..

cent per annum first, and after
the division of any surplus.

7 on the

30,1881, owned from Concord,

Tunnel A Western.—Sept.

30, 1831. owned from

Mas¬

from Boston to Lowell (double
Sc Lowell, 17 miles; Lowell Sc
leased, Middlesex Central and
branch, 12 miles; total operated, 37 miles. Chartered in 1330, and lino
between Boston & Lowell oponed in 1835. In August, 1881, a contract
for .joint running arrangement w;ts made with the Concord Railroad, on
basis of 40 per cent of net earnings to Concord and 60 per cent to

Boston A Lowell.—Sept. 30.1830, owned
and steel), 27 miles; branches—Salem
Lawrence, 12 miles; others, 19 miles;

Div.
Receipts.* p. et

2,703,633
2,492,618

do

203.)

Net

$2,167,831
2,219,536

do
do

do

O.
N.
J.

Schenectady, N. Y., 57 miles. Projected lino,
Hoosao Tunnel, Mass., to Buffalo, N. Y. The Continental Construction
Co. stopped and new plans were made by General Burt for the work.
See references below. W. I,. Burt, President, Boston. Mass.
(V. 32. p.
69. 500, 611, 635 ; V. 33, p. 384, 467, 716 ; V. 34, p. 60, 85, 114. 175,

in Massachusetts.

Gross
Receipts.
187G-7.. 322 103,278,12G 313,822,671 $6,780,597
0,633,531
322 101,221,955 329,708,573
324 101,248.321 325,484,799
0,427,463
113,154.374 375,452,804 7,741,118
373 135,421,102 417,108,612
7,870,285
Net receipts include income from rente, &o.
Passenger

J.

5

Boston Iloosac

30, 1831, owned from Boston, Mass., to
Springfield to Athol, 49 miles; numerous
branches, 48 milos; leased lines, 74 miles; total operated, 373 miles.
The B. Sc A. was formed (Dec., 1867) by the consolidation of the Bost.
& Worcester and the Western railroads. The report for the year 1880-81
says in regard to the traliio earnings: *‘It will be noticed that the
receipts for freight have fallen off about $200,000, while the tonnage
has increased 283,000. The loss in receipts is partly owing to the tierce
competition betweou the trunk lines for business between the seaboard
and the West, which has rcducod the rate on through traffic to a point
never before dreamed of; but more to a general reduction of about onosixth in the local tariff, which went into effect January 1.” Results of
operations lor nve years were as follows:
Miles.

A.
A.
M.

sachusetts State Line to

Boston A Albany— Sept.
Albany, N. Y., 202 miles;

Years.

118877--S9i09..

M.
J.
J.

Jail. 2, 1882
April 1, 1892
March 1,1895
July 1, 1896
July 1, 1899
Oct. 1, 1897
Oet. 1, IS93

94 miles; brunches—Wells River, N. II.. to
Road to Mt. Washington, 22 miles;
total operated, 167 miles. Chartered in 1844 and road opened in 1853.
Purchased White Mountain Railroad (53 miles) in 1872, and built the
Mt. Washington Branch (20 miles) in 1874.
An extension of the White
Mountain Railroad from Littleton to Grovcton Junction is mortgaged.
Fiscal year ends March 31.
Available
Gross
Expenses,
Years.
Miles.
Earnings.
Taxes, &c.
Revenue.
160
$693,355
$511,343
$1S2,012
167
649,308
457,377
181,931
167
654,272
453,172
201,100
3 878-79
590,550
388,932
167
501,613
1879-80
167
678,123
477.25 L
200,871
18S0-81
211,333
167
797,556
586,172
The old preferred stock ($300,000) has received 3 per cent semi-annually,
amounting to $4S,000 a year. Neither the new preferred nor the com¬
mon stock has paid dividends.
(V 32, p. 334, 444, 635 ; V. 33, p. 384.)

West Stockbridge,
in 1842. Leased

liou^atonio’s main line

1893
1911

Now York and Ixmdon.
Boston, at Office.*
do
do
do
do
do
do
do
do

J.
O.
S.
J.
J.
O.

Boston Concord A Montreal— March
N. H., to Wells River, N. II.,
Grovcton Junction, 51 miles; Wing

to Bennington, Vt., 57
York State Line, 2 miles;
Vermont in 1845, and
Boston for 10 years at $36,000

the

A.

Sc
&
&
&
Sc
*
Sc
&
&

The preferred stock takes 7 per
common, it is not certain as to

owned from Trenton, N. J., to
Millham Cut-off, 1 mile, Fleiningtou
Chartered March 2, 1853.
and opened Nov. 3, 1865. Leased to United Companies, and transferred
to Pennsylvania Railroad March 7, 1876, by which operated as their
Belvidero Division. Rental, all surplus earnings; but tho first, second
and third bonds are guaranteed. Capital-stock*, $994,050.

as

J.

....

500,000

BelvUlere Delaware .—Dec. 31, 1881.
Mauunka Chunk, N. J., 67 miles;
Railroad, 12 miles; total operated, 80 miles.

extension in

1889

818,000

Dorado Co. 30 par cent.

Bennington A

July 1, 1895

Bk. April 1. 1893

do

7

7,000,000
3,500,000

2,767,500

1,000

cent
for 18S0,
$1,275,000, non cumulative. Dividends on preferred stock Lave been :
412 in 18S1; 4*2 m 1880; $1 05 in 1879; 62c. in 1878; 68c. in 1877; 65c.

do

6
6
4

200,000

100
100

58

& J.

J.

7
6
5

620,000

100
500 &c.‘

1, 1007
1. 1882
2, 1882
1, 1892

do

7

226,900

204

do

O

750.000

....

A. Sc O.

6 g.

3,910,000
999,500
500,000

....

1, 1916

Nov.
Jan.
Jan.
Feb.

Boston, Office.

& J.

J.

1887

,

Jan.

....

"(V)”

....

Air-Line—Common stock

Railroad Co. Except on

1,905,500
500,000

mm*.

Various
J. & J.
M. Sc N.

6
6 & 7
6

202,000

....

Oct. 1, lSG0,to St. L. Alton Sc Terre Ilauto Railroad Co.
Lease rental 40 per cent of gross earniugsup to $7,000 per mile; 30
percent above $7,000 and up to $14,000 per mile, and 20 per
on
any excess of $14,000 per mile. Rental for 1879, $116,490;
$147,344. Interest on bonds and sinking fund $5,000 per year, guar¬
anteed by lessees. Common stock, $ 130,000; preferred 8 per cent stock,

Belleville Sc El

1,000,000

i",ooo

1873, and leased

Dorado

050,000
1,615,000
800,000

100
100
100 &c.
200 Sec.
500

J. & J.
J. Sc J.
J. Sr D.

7
7
6
5
3

1902
1885

1895
Oct. 15,1881
Boston, Office.
Boston, Boston N. Bank July* 1, 188-4
1889 & ’90
do
do
July 1, 1894
do
do
do
do
’81,’82,’83/85
Boston, N. E. Trust Co. Jail. 1. 1910
Nov. 15, 1881
Boston, Office.

....

6

552,000
400,000

500

Bonds

in 1876; $1 80 in 1875; $1 in 1873.
Belleville Branch of St. Louis Alton
tended from Duquoin to El Dorado,

400,000

500 &0.

120
166

18756-0.;

3,059,600 3*3 onpf.

....

Bonds
Bonds

Lowell it Lawronoo ..'
Salem it Lowell
Boston A Maine—Stock
Bonds, coupon and registered
Boston A New York
Stock, preferred
1st mortgage.

554,000
100,000

100 &c.

and new

Bonds

•

isei

Bonds
"

•

do
do
J. & J.
A. & O. Worcester, City Nat.
do
do
J. & J.

6
5
6

Stocks—Last
Dividend.

& 1).
& S.

F. Sc A.

7

2,000,000

1,000

Philadelphia, Pa. RR.
Philadelphia.
& A. Philadelphia, Pa. RR.
& J. Treusurer, Trcnton,N. J.
M. & N.
N.Y., Union Trust Co.
a—j. Stockbridge, Treasurer.
Boston, Office.
Q.-j.

0

5,000,000

1,000

Whom.

Payable

1%

20,000,000

100 &c.

1881

1869-70

1,000
100

38^

29
43
58

1,000

Payable, and by

Where

When

J.
M.
F.
J.

6
6
G
7
7

745,000
1,200.000
475,000
600,000

100
1872
1875

Rate per
Cent.

499,500

500
500

Bomte—Princi¬

INTEREST OR

Amount

of

Beirut ere Del.—1st raort.
2d mortgage bonds of
3d mortgage bonds of
Consol, mortgage of 1870

Mortgage

of any error discovered In those Tables Due.
DIVIDENDS.
pal,When

g^reat ftivor by giving Immediate notice

&c., see notes

XVII

AND BONDS.

and Salem Sc Lowell
lease, were purchased and
assuming tneir bonds,
business was formerly
done bet ween the Boston & Lowell and the Nashua sc Lowell, but from
December. 1878, they were under separato managements until the B. &
Lowell leased the N. & L. for 99 years from Oct. 1,1880, but tbo lease
The B. Sc L. has made a contract with the Mass. Cen¬
was held invalid.

Boston

Lowell.

Sc

The Lowell & Lawrence

Railroads, operated for some years under
consolidated in 1879. the Boston & Lowell
which cannot bo paid off before maturity*. A joint

tral to operate
Years.

,

....

the latter road when

Receipts.
$1,031,066

1.198,962
1.399,316
1.872,656

1379-80....
1880-81

....

completed.

Net

Gross

Receipts.
$319,528

Rentals.

Payments
Iut. ifcmise. Div.,p.o

$9 4,713

422.698

67,593
4,292

534,269

133,690

392,580

$116,349
161,890

259,318

2

3
4

298,057

V. 34, p. 85.)
Boston A Maine—Sopt. 30,1881, owned from Boston, Mass., to Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
n^iles; Lowell to Ballardville, 10 miles: Bradford to Newbury port and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. II., to Alton Bay, N. H., 29 milos; total operated, 206 miles, less 3
miles leased. Main line one-third double track and all steel rail. Char¬
tered in 1839, and road completed to South Berwick in 1845 and to

-(V. 32, p. 39, 13; V.

33, p. 225, 254, 357;

Portland in 1873.

Gross

Earnings.

Years.

1S76-77....

Expenses

Sc Taxes.

Net

$2,173,202 $1,518,854 $654,348
2 100,741

1.359,367

1,354,755
1,511,018
1,749,850
—(V. 32, p. 15; V. 33, p. 641.)
2,149,857
2.438,270
2,601,215

Outside

Earnings. Rooeipts.
741,317
795,102
927,252

851,359

Boston A New York Air-Line.—April 30,1881,
Conn., to Willimantie, Conn., 50 miles;
4 miles; total operated, 54 miles. Formerly
town Sc Willimantie.
In 1879 a pooling
mouths from Feb. 1; 1879) was mado with
ford RR., under which tho B. & N. Y. A.-L.
gross earnings ot all lines

Av’il’ble Div.
Revenue, p.c.

$93,817 $748,165
83,717 825,091
88,964 884,066
94,382 1,021,634
86,300 937,659

5

6
6
7b
8

ownod from N«w Haven,

leased Turuerville to Coloheater,
the New Haven Middleagreement (for 99 year's and 8
the N. Y.Xew Havon Sc Hart¬
received 6 per cent of tho
operated, out of whieh its operating expenses
are paid.
By arbitration in 1880 the percentage was reduced to 5 per
cent for Uve years. There arc also $232,5<*0 N. H. M. St W. RR. bonds*
convertible into stock. Net earnings, $150,872. (V.32, p. 03d; V. 33,
p.

411, 559.)

Subscribers will confer a great favor

64

1876-90

Size, or

of
Bonds

Par

Value.

Outstanding

1881.

*3.00
500 Ac.

750,000
250,000

**26

1,000

580,000

100

950,000
2,380,000
3,000,000
1,000,000
8,650,000

69

1867
1881

—

(Pitts. T. A B.)

Buffalo <£ Southwestern.—Stock (one-half of it pref.)
1st mortgage bonds, gold
Burlington G. Rapids <£• Northern—Stock
1st mortgage
Iowa City A Western,

1st mortgage, gold, guar..
Cedar Rap. I. Falls & N. W., 1st mort., gold, guar.
Cairo & St. Louis—1st M., income (not cumulative)
California Pacific—1st mortgage, gold
2d mortgage, endorsed by Central Pacific
3d mart., guar, by C. P. ($1,000,000 are 3 p.

c.)

.

California Southern— 1st mort. ($25,000 per mile).
Camden <£ Atlantic—Stock ($880,650 of it pref.)
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1879
Boston &

1*876

1,000

1871
1878

500 Ac.
500 Ac.
50
50

294
294
274
50
38
25
120
67
67

1*88*1

1,000
1,000
1,000

1865
1862
1870
1876

1877

Years.

Lease rental

~

Earnings.

Earnings.
$378,032
348,069
375,947
355,748
347,523

$1,352,564

1,185,040
1,158,643
1,304,520
1,400,145

=

369
73

55
144
114
114
114

1*87*6

1,000
500
+

*6*7

60

m

m

50

1*853

1854

Other

Receipts.

$20,797

21,377
19,595
19,395
19,167

Divi-

dends.
6
6

6h?
8
8

Receivers were appointed October,

Brooklyn d• Montauk—(Southern of L. I.)—Busliwickto Patchogue, L.I.,
branches to Fresh Pond Junction, 2 miles; to Rockaway, 10
miles; total, 64 miles. Extension to Moriches, 15 miles, ready July,
1881. This was first the South Side Railroad of Long Island, which
was foreclosed Sept. 16, 1874, and reorganized as the Southern of Long
Island. On June 3, 1879, the property was again sold in foreclosure of
the second mortgage, and this company organized. The preferred stock
lias a preference ot 7 per cent, not cumulative. It is leased to the Long
Island Railroad for 50 years at 25 per cent of the net earnings of the
whole Long Island RR. system, including its leased lines. The new
mortgage for $1,000,000 is to take up the first and balance issued for
extension to Moriches; it is guaranteed hy L. I. RR. as to interest, on
$750,000 and both principal and interest on the $250,000. (V. 32, p.
52 miles;

Buffalo Bradford <£ Pittsburg.—Sept. 30, 1880, owned from Carrollton,
Gilesville, Pa., 26 miles. Completed in 1866, and leased tq New
.York Lake Erie A Western for 499 years. Rental, 7 per cent on out¬
standing bonds, $40,600 a year. Capital stock, $2,286,000. In March,
1880, a dividend of 1 per cent was paid.
Buffalo New York & Erie—October 1, 1880, owned from Buffalo, N.Y.,
to Corning, N. Y., 140 miles. A third rail for standard gauge rolling

J. A D.
J. & D.

7
6 g.
7 g.

stock has been laid down. Leased in 1863 to the New York A Erie for
490 years, and now operated by the New York Lake Erie A Western
Co. Rental, $238,100—viz., 7 per cent on stock and bonds and $5,000
for organization expense. Dividends and interest paid directly by the
lessees. Capital stock, $950,000, and funded debt, $2,380,000. Total,

representing cost of road, $3,330,000.
Buffalo Ncxc York & Philadelphia—Sept. 30, 1881, owned from Buffalo,

N. Y., to Emporium, Pa., 121 miles. At Emporium connects with Phila¬
delphia A Erie. In April, 1880, the stock was sold to a syndicate. See
V. 32, p. 444.
In 1881 purchased the .McKean A Buffalo Road, 22 miles,
having $388,200 stock. Gross earnings in 1880-81, $1,142,214; net
earnings, $507,718. Capital stock, $2,343,100. (V. 32, p. 444; V. 33,
p. 641, 686.)
Buffalo Pittsburg d West.—dan., 1881, owned from Salamanca, N. Y.,
to Oil City, Pa., 100 in.; branch to Bradford, Pa., 20 m.; Oil City, Pa., to
Buffalo, N. Y., 140 m.; Union A Titusville Branch, 25 m ; and Titusville
A Oil City Railway, 9 miles; total length, 294 miles. This was a consoli¬
dation, Jan. 20, 1881, of the Pittsburg Titusville A Buffalo Railway and

other roads.

The annual report in V. 34, p. 202, says : “When these roads shall all
have been completed, you will have a line from Oil City to Buffalo of
about 138 miles, and tne line from Chicago Junction, via the Valley of
the Allegheny, to Salamanca, 300 miles, and from thence, if it should
prove necessary,-owing to our inability to make satisfactory terms with
the New York Lake Erie A Western Railway Company to extend the
line to Olenn, at the junction of the New York Lake Erie A Western

Railway, Allegheny Central Railway, Glean Bradford A Warren Rail¬
way, and the Buffalo New York A Philadelphia Railway, a further dis¬
tance of 20 miles, making in all 320 miles from Chicago Junction to
following securities:

do

A D. N.

5
7
6
5
7
6
3 A
6

J.
M.
A.
A.
J.
J.
J.

AD. N. Y.. Central Trust Co.
A S.
do
do

-

on

g.
g.

g.
g.
g.

6

A
A
A
A
A
•

pf.

7 g.
6

•

-

$355,000
420,000
415,000

150,000
450,000
600,000

stock 309,OuO

April 1,
Feb. 1,
Apr. 1,
July 1,

1890

Feb. 1, 1896

June 1. 1906
Sept. 1, 1909
Oct. 1. 1920
1921
Jan. 1, 1887
Jan. 1, 1891
July, 1905

do
do
O.
O. New York or London.
N. Y., Uisk A Hatch.
J.
J. N. Y., Nat’l Park Bank.
J. N. Y.,Cent. Pacific RR.
Boston.

1921

•

Camden, Co.’s Office.

....

1921
1896
1882

Y., First Nat. Bank. July 1, 1908

Nov., 1880

J. A J. Phila., Farm. A M. B’k.
do
do
A. A 0.

Jan.. 1893

Oct., 1, 1904

And owed the following:

Balance due on loan incurred to purchase New Castle A Frank¬
lin Railroad
$117,724
Betterments of New Castle A Franklin Railroad
50,000

Floating debt of P. B. A W. RR Co
35.000
For the year 1881 the gross earnings were $593,968; net earaings,
$244,692; credit balance of interest account, $32,347; from which

$264,040; leaving

deduct coupons paid,

a

balance of $13,000.

The preferred stock is entitled to 6 per cent, when earned, but is
not cumulative. The 1st mortgage bonds of the several roads dbovo
due respectively April. 1882. July, 1890. and February, 1896, were
ottered an exchange for the new bonds due 1921, the option expiring

Aug. 31, 1881. (V. 32, p. 16, 99,101, 182, 367; V. 33, p. 46,467,559,
641; V. 34, p. 85, 202.)

Buffalo cf; Southwestern—Sept. 30,1881, owned from Buffalo to James¬

town, N. Y., 67 miles. Formerly the Buffalo A Jamestown;‘ reorganized
in 1877 after foreclosure. In July, 1830, leased to New York Lake
Erie A Western for 99 years—at 35 per cent of gross earnings, but
interest on bonds guaranteed. Gross earnings in 1879-80, $349,411. (V.
33, p. 687; V. 34, p. 133.)

Burlington Cedar Rapids rf- Northern.—Dec. 31, 1880, owned from
Burlington, Iowa, to Albert Lea, Minn, (including 11 miles leased), 252
miles; branches—Linn, la., to Postvilie, la., 94 miles; Muscatine, la ,to
Riverside, la., 31 miles; Vinton, la., to Holland, la., 48 miles; Elmira,
Ta., to Montezuma, 83 miles; leased, Holland to Clarion, 55 miles; total
operated, 503 miles. Organized as the Burlington Cedar Rapids A Minn.,
June 30,1868, and main line opened to Plymouth 219 miles, and branches,
149 miles', to end of Sept., 1873. Default Nov. 1, 1873. Property sold
under foreclosure June 22, 1876, and given up to the purchasers July 1,
1876. Bonds of the Cedar Rapids Iowa Falls A Northwestern road are
endorsed (on the bonds); they are redeemable at 105 after Oet. 1, 1890.
Gross earnings year ending December 31, 1880, $2,053,431, against

$1,534,950 in 1879; net $709,757, against $550,142. Interest paid,
$367,420. The company guarantees the above bonds mentioned. They
also guarantee $150,000 of Minneapolis A St. Louis bonds. The annual
report for 1880 said that the surplus earnings of the road, in excess of
operating expenses and payment of fixed charges, had been devoted to
the improvement and equipment of the company’s railway. The fol¬
lowing is a comparative statement of earnings and operating expenses
for the years ending December31:
Net

Gross

Earnings.
1881

$1,531,950

$984,908

2,053,481
2,259,037

,

Earnings.

Expenses.
1,343,724

.

1,626,849

$550,042
709,757
632,188

-(V. 32, p. 69, 154, 367, 418.)
Cairo d; St. Louis—Dec. 31, 1880, owned from Cairo, Ill., to East St.
Lours, Ill. (3 ft. gauge), 147 miles. Opened through, March 1, 1875.
Default made April 1, 1874. Sold in foreclosure July, 1881, and bought
in, in behalf of bondholders, for $1,000,000. New stock, $6,500,000,
and new bonds as above.
(V. 32, p. 396, 551, 611, 685; V. 33, p. 99;
V. 34, p. 147.)

California Pacific.--Dec. 31,1880, owned from South Vallejo,

Cal., to

Sacramento, Cal., 61 mile ; branches—Napa Junction to Calistoga, 35
miles; Davisvillc to Knight’s Landing, 19 liiiles; total operated, 115
miles. Consolidation (December 23, 1869) of California Pacific and
California Pacific Extension companies.
Leased for twenty-nine
years, from July 1, 1876, to Central Pacific.
Rental, $550,000 per
annum, and three fourths of net earnings when in excess of that
amount.
General account (December 31) 1880) — Capital stock,

$1,272,643; and

$12,000,000; funded debt, $6,850,000; bills payable,

other liabilites, accounts, Ac., $338,419; total liabilities, $20,462,062.
Extension bonds of $3,500,000 and incomes of $1,000,000 were
default, and the new bonds of 1875, guaranteed by Central
were

in
Pacific,

issued in place thereof.

eastward is built

California Southern.—This road from San Diego, Cal.,

by Boston capitalists as a connecting line of the Atlantic A Pacific
trans-continental route. A second block of $750,000 was offered m
January, 1882. For $1,100 in cash eacli subscriber receives $1,000 in
bonds, $1,000 in stock and $.100 in the San Diego Land A Town Co.
stock. (See V. 32, p. 231 ; V. 32, p. 52, 185.)
c.
Cnmden <£- Atlantic.—Dec 31,1880, owned from Camden, N.J.,to Atlancased
City, N. J., 60 miles; leased branch, Egg Harbor City to May’s Landr-.„
-

tie

past

m.; total, 67 miles.
Earnings and expenses for three years
have been :
Profit.
Years.
Expenses.
Earnings.
$121,213
1878
$277,848
$399,061
202,127
293,345
1879
.f
495,472
127,219
371,626
1880
498,838
The preferred stock is entitled to 7 per cent if earned, and to as
a

ing, 7

had in its treasury the

B. P. A W. RR. common stock, 7,100 shares
B. P. A W. RR. preferred stock, 8,100 shares
B. P. A W. RR. general mortgage bonds
N. C. A G. C. RR. common stock, 3,000 shares
N. C. A G. C. RR. preferred stock, 9,000 shares
-N. C. A G. C. RR. first mortgage bonds
Oil City A Ridgway Railway A Mining Company common




do

A J. N.Y., Post, Martin A Co.
Q.-M. Buffalo, F. A M. Nat. Bk.

I.

490,000
497,000
“

Jan. 1, 1896
Dec. 1, 1881
Dec. 1, 1916
July 1, 1896
1908

Y., Erie Railway.

J.

N. Y. to

.

N.

o g.

1,000
1,000

paid in the years consecutively was $11,308, $10,956,
Notes outstanding September, 1881,

Glean.’’ * * *
“At the close of the fiscal year your company

Mar. 1, 1887

New York, Erie Office.

A J.

J.

3*2

2,600,000
2,250,000
1,600,000
3,000,000
2,838,000
1,258,050 3*2

1,000
1,000

pany is $4,000,000 authorized, but only $2,655,600 issued. The Receiv¬
er’s certificates can lie exchanged by the new company for 1st mortgage
bonds. Sec full statement in Chronicle, V. 32, p. 5ol.
(V. 32, p. 205,
23 >, 265, 396, 468, 551; V. 33, p. 441; V. 34, p. 203.)

526.)

1881

July 1, 1893
Sept. 1, 1917

A. A O.
New York, Agency.
F. A A. Phila., E.W.Clarke A Co.
A. A O. Phil a., Manuf’rs’ N. Bk.
J. A J. Phila., E.W.Clarke A Co.
F. A A. Phila., Manuf’rs’ N. Bk.

1,000
1,C00

1880, and a compromise effected February, 1881, by which reorganiza¬
tion was made and stock and bond scrip were assessed. There were
outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond
scrip; $1,852,880 engraved stock and $1,497,683 scrip stock.
All were
assessed 20 per cent and Receiver’s certificates and income bonds issued
for the assessments in certain proportions.
Capital stock of new com¬

*

Nov. 1,

do
New York.

584,000
825,000

100 Ac.

1879
1880
1881
1867
1871
1875

$10,917, $11,560 and $11,605.
$360,000. (V. 33, p. 561.)

Brooklyn Elevated—In progress.

Due.

Stocks—Last
Dividend.

do

6 g7
7
7
7

573,000
500,000
944,000
943,800
1,500,000
5,500,000

100

North Attleborough. 4 miles; total operated, 68 miles.
Chartered
in 1831, and road opened in 1835. The company have valuable depot

Net Traffic

M. A S. N. Y., Gallatin Nat. B’k

by

6,500,000

1,000

Providence.—Sept. 30, 1881, owned from Boston, Mass., to

Gross

Boston, at Office.

J. A J.
M. A S.

7

1,457,000
3,568,000
1,500,000

500 Ac.
100 Ac.

Providence, R. I., 44 miles; branches, 20miles; leased, Attleborough to

properties in Boston.

M. A N.

When

60,000

7881

Buffalo Pxttsburg <£ Western—Common stock
Preferred stock (6 per cent. Not cumulative)
Mortgage bonds (for $7,500,000), coup
1st mortgage (W. & F. RR.)
1st mortgage (Oil Creek RR.)
1st mortgage (Un. & Titusville RR.)
;

Payable

7

1,150,723
1,456,000
344,584
2,000,000

1,000

um,»uen

4
7
c g.

$1,000,000

142
140
121
121

First mortgage
,
Buffalo N. i. & Philadelphia— 1st mort., gold
2d mortgage

2d mortgage

|^OH£s-Princi

Where Payable, and
Whom.

Rate per
Cent.

500,000

1879
1881

*54

Amount

$100

1

187*3

registered

Buff.Braa.d Fitts.—Gen. M.,(incl. 10,000 ac. I’d)
Buffalo New York <£• Erie—Stock

^

Date

of
explanation of column headings, Ae., see notes
Road.
on first page of tables.

Brooklyn Elevated—1st mort., gold
Receivers’ certitic’s, payaole in cash or IstM. bds.
Income bonds
Brooklyn d• Montauk—Stock ($1,100,000 is pref.) ..
South Side, 1st mortgage
New mort. (for $1,000,000)
Mortgage on Rockaway Branch

k.

by giving immediate notice of any error discovered in these Tables.

Miles

Boston <£ Providence—Stock
Bonds to purchase branches, coupon or

«

[Vol. XXXIV.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

BONDS,

AND

STOCKS

KAILEOAD

XV111

rate as paid to common stock
cent in pref. stock scrip was

ferred stock.

(V. 32, p. 395.)

high

if more than 7. A dividend of 3^3 per
paid in Nov., 1880 on common and pre¬
„

.

■

1882.]

February,

finimuilMrfl

will confer a

great favor by giving immediate
Miles

of column of tables. Ao., see notes
headings,

of

Co.—1st mortgage

396

Southern—Stock

New mort.,
Cape Fear <6

interest guar., (for $14,000,000)

242
242

gold, income, reg., not cumulative
gold, income, reg., not cumulative
Catawissa—Common stock
New preferred stock

242

2d mort.,
3d mort.,

93

bonds

93
35
14

Susquehanna—Stock
Bonds on 1st div., sink. fund.
sinking fimd
Missouri River—Common stock

1st mortgage

61
274

7 per cent

mortgage
mortgage
.•
Central Branch Union
Funded interest bonds (coupons
2d mortgage (Government
Central R. R. & Bank,
General mort. “tripartite” bds
1st
1st

Pacific—1st mort., gold
held in trust). ..
subsidy)
On.—Stock .•
($5,000,000) coup.
Certificates of debt (for dividend)
Central Iowa—1st mortgage
Income bonds, “ debt certificates,” payable at will
1st mortgage on Chicago Burlington & Pacific...

70
58
146
100
100

708
620

*■....

1861
1863
1866

1866

’66-7-8

359
74
97

Bonds

7

1,000

of property,

lifl
312

18,563,200
4,400,000
2,450,000

100 Ac.
500 Ac.

600,000

earnings

Expenses

56
$2,995,301
,091
2,070,258 2,448,091

$2,480,873

$410,615

Net earnings

JLf5<;,.

-LCWO.

i

Gross

$547,275
39.1,152

353,428

Interest

1SS0.
$3,705,679
2,-106,311

$1,299,337
407,799

7
6

1880,

F. A A.

M. A N.

678,624

guaranteed on the preferred stocks.

N.;Y., to
1828.

Cayuga <£ Susquehanna.—Sept. 30, 1880, owned from Owego,
Cayuga Lake, N. Y., 34 miles. Chartered as Ithaca & Owego m
and opened i u 1834. Reorganized as Cayuga* Susq,_m April 18 <3.
Leased in perpetuity to Del. Lack * Western, Jan. 1, 1855, at a rental or

capital, 9 per cent per annum. Capital
$589,110. A considerable deficit

a year.
Dividends on
stock (cost of road to present owners),
to the lessees occurs from year to year.

HI., to Minn
* Sioux C. for 40
minimum and a con¬
$7,500 per mile
$3,500
mile. Lease transferred
$1,587,000, and
$3,174,000. A suiting

owned from Cedar Rapids,
Clinton, la., to Lyons,
214 miles steel rails.
and operated by

per

of any
excess
31.1881,
$2,981,714; gross earnings per mile, $10,881. Tborental in 1880-81
was$815,550 and disbursements, including dividends aud interest, were
$638,814. The total balance to credit of income account March 31,
1881, was $611,825. In 1*80 purchased a majority of the Sioux City &
Pacific Railroad stock.




(V. 32, p. 611.)

....

2,781,654
3,144,102

.

.

Leases.

3,707,S91

$326,925
1,093,967
1,1 SI,906

1,508,652
1,389,194

$139,596

$255,412

$187,500

439,631
439,652
439,666
439,666

279,178
272,428

375,000

267.732

375,000

267,000

Georgia Railroad Company are joint owners of
of Alabama, purchased at foreclosure sale in
April, 1575. The “tri-pnrtitc” bouds are issued jointly by this company,
the Macon & Western aud the Southwestern. (V. 32, p. 44, 331, 396.
611; V. 33, p. 526, 587, 715; V. 34, p. 31,177.)

Pa., to Williams¬
Silver Brook, 4 miles;
Schuylkill * Susquehanna
in 1831; name changed to Catawissa Williamsport * Erie in 1849.
Road opened Dec. 18,1854. Reorganized under present name iu 1859.
Leased from Nov. 1, 1872, for 999 years to Philadelphia & Reading.
Rental, 30 per cent of gross earnings and $8,000 a year for company
expenses. Fuudeddebt is also assumed by lessees. Seven per cent is

cent of next $3,000 per mile, and 20 percent
$4,500 per ihile. Gross earnings year ending Moll.

.

This company and the
the Western Railroad

<•

Cedar Falls <0 Minn.—Dec. 31,1880, owned from Waterloo,
State Line, 76 miles. Completed iu 1870. Leased to Dub.
years from Jan. 1, 1867, at $1,500 per mile as a
tingent of 35 per cent of gross earnings from
to
aud of 30 per cent or any excess over $7,500 per
to Illinois Central, October 1, 1867.
Capital stock,
funded debt, $1,587,000. Total (cost of road),
fund of 1 per eent per annum is provided.
Cedar Rapids <£ Mo. River.—April 1,1881,
la., to Mo. River (opp. Omaha), 272 miles; branch,
la., 2 miles; total operated, 274 miles, of which
Chartered in 1855 and completed in 1866. Leased to
Cliic. & N’west. Rental, $700 of the first $1,500 of gross earnings

2,675,3 IS

.

1878-9
1879-80
1830-1

Caiawissa —Dec. 31,1880, owned from Tamaneml,
port, Pa., 93 miles; branch. Summit Station to
total operated, 97 miles. Chartered as Little

over

1887

office.

/-Payments from Net Earnings—,
Divid’ds.
Iuterest.

Net.

$2;409,092

.

1877-8

from Wilmington, N. C., to
Char. * Rutherford, chartered
in 1855. Succeeded by existing company after foreclosure May 3, 1873.
Defaulted, and Receiver placed in possession April 5, 1876. Sold in fore¬
closure May 31, 1880, for $1,200,000. In 1879-80, gross earnings were
$466,519; net, $189,269. In 1880-81, gross, $564,028-; net, $250,835.
Wilmington Bridge bonds, $200,000, at 7 per cent, are guaranteed by
this company and interest paid. The stock of $1,500,000 is placed for
five years in the hands of the reorganization Committee. (V. 32, p, 57G;

per

1890

Nov., 1902
July 1, 1899
May 1, 1903

from Savannah,
Milledgevillo, 17
Br. Railroad,
miles; Upson
711 miles. Iu January,
Savannah & Memphis road—Opelika to

/—Traffic Earnings.
Gross.

1S7G-7

715.)
Carolina Central— March 31, 1881,owned
Shelby, N. C., 212 miles. Formerly Wilni.

mile; 33i3

April 10, 1876

Bank).—Aug. 31,1830, owned

purchased the former

Years.

RR. of N. C.
York *

$54,000

office.

do
do
do
do

(Y. 32, p. 335.)

$09G,452 Savannah.

679; V. 33, p. 715,

357, 559.)

Q.-J.

M. A N.
J. A J.

New York, at
do
do
do
do
New York, at

Royal * Augusta
99 vears was
of debt ’were
1881.
share
stockholders—$10
$3,372,305 tral Georgia and $32 per share to Southwestern. The company to Cen¬
owns a
2,675,853
largo interest in connecting lines and in the Ocean Steamship Line of

pleted iu 1881. This was a reorganization of the Western
April, 1879. Stock, $717,000. In December, 1881, tlia New
Southern Railway Co. of New York purchased the interest of the State
of North Carolina. J. A. Gray, Pres’t, Greensboro, N. C. (V. 33, p. 622,

V. 33, p

,,,,,,

.

_

Q.-J.

232

Goodwater, 60 miles—for $700,000. In 1881 the Port
road was leased; also a lease of the Georgia Railroad for
taken in the interest of this company. The certificates
issued, June, 1881, as a dividend to
per

$155,823

In

.

.

Ga., to Atlanta, Ga., 294^ miles; branch, Gordon to
miles; leased—Augusta A Savannah, 53 miles; Eatonton
22 miles; Southwestern Railroad and branches, 310
County Railroad, 17 miles; total operated,

743.)
Cape Fear cC- Yadkin Valley—Dec. 31,1880, owned from Fayetteville
to Gulf, N. C.. 47 miles. Extension from Gulf to Greensboro to be com¬

32, p. 631,

A
A
A
A

no

$891,533
$17,82S
The bonds carried interest at 3 per cent till 18S1 and 5 per cent, for the
other 27 years, which accounts for the increase in interest in 1881. (V.
$57,187

Surplus

do

was

made, and a
completed in 1878.
guaranteed by the
the principal is not
for four years, December being

The income account
partly estimated iu 1881, was as follows :
1878.
1879.

July 1, 1915
July 1, 1910

York, Office.

to Waterville,
of Atchison Colo¬
rado & Pacific of 229 miles, making 329 miles in all, and the bonda
of the extension are guaranteed by U. P. company. The Union Pacific
Central Branch was formerly the Atcliison & Pike’s Peak Railroad, and
one of the roads embraced in the act of Congress incorporating the
Union Pacific Railroad. The stock is $1,000,000, of which the Union
Pacific holds about $900,000. The company received a Government
subsidy of $1,600,000. Default on interest was made May 1, 1873, but
foreclosure took place. In 1879 the earnings on 224 miles wero
reported at $1,000,000; operating expenses, $477,862; net earnings,

acquired, 404 miles. Default was

guaranteed.

1, 1908

A. N. Y., Nat’l Park Bank. Aug. 1, 1891
do
do
Aug. 1, 1894
A.
May, 1916
do
do
N.
N. N. Y., Company’s Office. May 1, 1895
May 1, 1895
A N. N. Y., Hanover Bank.
U.S. Treas., at maturity. 1896, ’97, ’98
Dec. 15, 1881
Savannah, Ga.
J. A D.
J. A J. N.Y.,Nat.City Bk.A Sav. Jan. 1, 189J
1891
Savannah, Ga.
J. A J.
July 15, 1891
New York, Office.
J. A J.
3 mos. notice
do
do
A. A 0.
1911

F.
F.
M.
M.
M.

Central of Georgia

original and

1, 1881

Jan.

the

J^

reorganization forming the existing companies was
Interest on the new bonds issued by the company is
New York Central Railroad Company for 20 years;

1897
Feb.

Central Branch Union Pacific.—From Atchison, Kan.,
name
Kan., 100 miles; and lias an extension under

$522,138.

all lines,

New
do

7
7
7
7

15.000,000

1,000

Dividend.

N.Y.,Farmers’L.AT.Co. April 1, 1920

7

5,000,000

Stocks—Last

M. A N. Philadelphia Co.’s office Nov. 18, 1891
Nov. 18, 1881
do
M. A N.
F. A A. Pliila., Phila.A Read.Co. Feb. 1, 1882
1888 to 1900
do
do
Various
Feb. 1, 1900
do
do
F. A A.
J. A J. New York. 44 South st. Jan. 3, 1882
A. A O. N.Y.,J. S. Kennedy A Co April 30, 1884
Jan. 2, 1907
do
do
J. A J.
Feb. 1, 1882
Boston, Treasurer.
Q.-F.
Feb. 1, 1882
do
do
F. A A.

7
7
7
6
7 g6
4
7
6
7

629,000
12,000 p. m.

wi
rental?$4*4415
$350,CK>,J-tot] ’ btS® S
Dividends in January and July
8 cof,t

$731,925.

7
7

3,700,000

1,000
1,000

County.—Dec. 31, 1880, owned from
23 miles; branch, Burlington n
to Mount
miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad f’onm'mv
of. United Railroad* Canal Company’s lines. Lease
being 6 per eent on stock and bonds, and $500 for organization
Capital stock $381,025 and funded debt
Camden & Burlington
N. J., to Pemberton, N. J.,
Holly, 7 miles; total, 30

412

4,600,000

100

1869
1872
1874
1878
1867

7
5 A 10
7

7,500,000
3,750,000

100
500 Ac.
500 Ac.

....

3^2
312

1.600,000

1,000

1872
1881
1879
1880

....

209,850
1,300,000
589,110
198,000
1,334,000
6,850,400
769,600
700,000
582,000
2,332,000
1,600,000
640,000

100

....

6

230,500

1,000
1,000
1,000

J.
A. A 0.
J. A J.
A. A 0.

6 S-

2,200,000

100
500 &c.
500 Ac
100
100
500 *c.
500 *c.
500 &e.

....

1864
1866

1881

189

bonds
(convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
Income bonds, reg., (not cumulative)
Newark & Now York, 1st mortgage..

Mortgage

1870

1879

Jersey—Stock

Central of New

....

7

1,000,000

50
500
500 *c.
500 &c.

Phila.. Penn. RR. Co.
N. Y., Grand Cen. Dep.
A J. N. Y., Union Trust Co.
A J. N. Y., Fourth Nat. Bk.

J.

6 g.

Whom.

...

5

1,500,000
1,159,500

50
50

and by

F. A A.

2^

1,500,000

1,000

1863

6

2,000,000

1,000

’60-8-9

Cayuga <&
Cedar Falls & Minn—
Bonds on 2d division,
Cedar Rapids <£

Preferred stock,

1,000

....

93
64

Old preferred stock
1st mortgage bonds

Payable

300,000

50 Ac.

....

....

When

Cent.

15,000,000
13,546,879

1,000

1878
1881
1880
1880
18S0

291
47

Yadkin valley—1st mort
Carolina Central- 1st mortgage, gold, coup, or reg.

Chattel mortgage
New mortgage

....

Where Payable,

Rate per

$350,000

100

\

INTEREST OR

Outstanding

$500*c.

1867

31

Bonds—Princi*
notice of any error discovered in these Tables. Due.
DIVIDENDS.
pal,When

Amount

Par

Value.

Road. Bonds

For explanation first
on
page

Camden dt Burlington
Canada

Size, or

Date

of

description.

X1K

AKD BONDS.

RAILROAD STOCKS

Central Iowa.—June

30,1881, owiiedjrotn

Albiu, Ta., to Nortliwood,la.,

Branch, 2 miles; total operated, 191 miles.
Iowa ami opened iu 1871. Defaulted and

189 miles; Mueliakinock
Chartered as Central RR. of

under present title,

placed in hands of a Receiver in 1873. Reorganized
June 18, 1879, after foreclosure sale under first mortgage July 18, 1877.
Gross earnings in 1878-79, $715,563 ; net earnings, $160,545. Iu ’79-80,
gross

earnings, $889,468; net,

$152,901.

The new stock issued is

$1,167,800,
prior right to
of interest

$2,100,000 common; 1st prof., $907,000, and 2d prof.,
given for the old 2d mortgage bonds. 1st preferred has
7 per cent (non-cumulative) from net profits, after payment
,*
then 2d preferred entitled to 7 percent; any surplus, after payment of 7
In
on common stock, to be divided pro rata between the three classes.
February, 18S0. the income bonds were issued to first mortgage
holders in payment of four years’ net earnings due them, aud are paya¬
ble by the company on three months’ notice. In December,

bond¬

1881, stock¬

privilege of subscribing to the bonds
line), and received a bonus of Cent.

holders of this company had the
of the Chicago Burl. & P. (extension
Iowa stock. Gross earnings, 1880-51,
33, p. 686. (V. 32, p.

$938,182 ; net, $138,048. See V.
205,' 312, 500; V. 33, p. 587, 686, 715.)
Central of Kcw Jersey.—Dec. 31, 1880, owned from Jersey City, N. J.,
to Phillipsburg, N. J., 73 miles; branches, 57 miles; leased—iu N. J.f 50,
and in Penn., 215; total operated, 395 miles. The principal leased lines
iu Pennsylvania are the Lehigli & Susquehanna aud the Lehigh * Lack.,
with their branches, *c. The main line from Elizabeth to Phillipsburg
was opened iu July, 1852, and extended from Elizabeth to Jersey City
in 1864. The Long Branch division was opened in September, 1875.
The lease of the Lackawanna * Susquehana Railroad is dated March 31,
1871, and is virtually a consolidation agreement, the lessees having pur¬
chased the rolling stock. In February, 1877, the property was placed iu
the hands of a receiver, and on April 1, 1877, default was made on con¬
solidated mortgage interest. Reorganization followed [See scheme, V.
Of the $11,500,000 Lehigh * Wilkesbarre Coal
26, p. 215].
bonds, $6,116,000 are held by Central of New Jersey and are
deferred, having no claim for interest till all other bonds aro
satisfied. The Lehigh & Wilkesbarre Coal Co.’s stock is $8,700,000, and
the company was taken out of receiver’s hands in January, 1882. No
satisfactory report has been issued since 1878.
In February, 1881,
Messrs. Jay Gould and Sidney Dillon were elected directors.
The
American Dock & Improvement Company, which is virtually owned by
the railroad company, issued a new mortgage in June, 1881, to retire
the prior issue and pay off the Central of New Jersey floating debt; and
the company reserves the right to purchase these bonds by lot at 110.
The adjustment bonds are payable at will, and also the income bonda so
reported. The operations of the New Jersey Central only, exclusive of
leased lines, showed gross earnings of $4,317,218 and net earnings of
$1,371,580 in 1879, against $5,306,970 gross and $2,145,222 net in 18S0.
Gross revenue on all hues has been as follows;

RAILROAD .STOCKS

XX

Subscribers will confer a great favor
description.

For

18745.

Central ot New

Lehigh

i

notes!

Date
of
Bonds

of

Road.

do

do
L. & W. B. Coal

Outstanding

137
137
137
2180
742
50
146
742
158
123
152
152
20

$S,609,276
7,411,637
6,983,173
5,753,413
5,589,526

1879....

1,000
1,000
1,000
1,000
1,000

1878
1869
1872

1,000
500 &c.

1871

1,000
1,000

1869

500 <&c.

1878
1878
1878
1878

1,000
100 &c.
100 &e.

1831

1,000

1,000

100
100
100

1,000

$1,128,434
1,059,549

3,282,910
3,188,469
2,484,846
2,302,770
2,635,58G

983,113

706,345
699,134

$307,406
658,243
675,609
563,114
734,500

$2,000,000
2,013,125
515,000

1876-90
i

6,000,000
25,885,000
2,616,000
1,970,000
6,000,000
2,080,000
687,000
6,230.000
3,285,000
2,000,000
500,000
500,000
300,000
2,350,000
2,000,000
15,000,000
10,122,500

Central Ohio,— July 1, 1880, owned from Bellaire, O., to Columbus, O.,
137 miles. Chartered in 1847 and opened in 1854. Reorganized in
T865. Leased to the Baltimore & Ohio, for 20 years, Nov. 11, 1866;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dec. 1, 19-26, with the option of renewing for terms of 20
years perpetually.
In 1879-80 gross earnings were $1,003,565; net,

$311,451; lease rental, $351,247. The road between Newark k Col¬
umbus (33 miles) is owned jointly with the Pittsburg Cincinnati k St.
Louis RR. Co.

2,100,000
809,000
11,181,841
2,425,400
4,379,850

Pacific.—Dec. 31, 1881, owned from San Francisco, Cal., to

Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles;
operated under lease or contract—the Southern Pacific in California,
and New Mexico* California Pacific, 115, and others, 299;
total, 1,652 miles; total length of road operated and accounted for Jan.
1, 18S2, 2,865 miles.

Arizona

consolidation (August 22, 1870) of the Central Pacific,
California & Oregon, San Francisco & Oakland, San Francisco <fc Alameda
was

a

and San Joaquin Valley railroads. In connection with the Union Pacific,
the Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), and there connects with the lines east¬
ward. Construction was commenced in February, 1863, and the main
line (Sacramento to Ogden) opened May 10.1869. The Union Pacific was
completed on the same day. The prices of stock have been as follows:
1881.
1882.
1882.
1881,
100 u2- 8934
Jan
947s- 87*1
9814- 86
July
94 - 87
Feb.
9314- SO^c August..
98 - 881c
March
8912- 83L2 Sept’ber.

April
May

89 - 83^2
987s- 8034
1027s- 94k>

-

-

June

-

The annual report

963.4- 901c
973s- 93
953e- 8878

October

Nov’ber

.

Dec’ber

.

for 1880 in the Chronicle, Y. 33,

p.

327, had the

following:
INCOME ACCOUNT.

1879.

Receipts—
Net earnings (over rentals)
Interest on sinking funds
Land grant bonds redeemed
Miscellaneous.
Contract with W., F. & Co.—Stock sold..

$5,946,434
233,903

1880.

$7,634,504
254,617

433,000
97,808

200,000
51,855
348,140

$6,711,145

$8,492,110

Disb u rsc ments—
Interest on debt...
Dividend Nos. 9 and 10.

$3,667,885

$3,715,325
3,406,530

Total disbursements

$3,667,885

$7,121,855

Balance, surplus
$3,043,260
$1,370,261
Earnings and dividends for several years have been as follows:
Ave.

Years.
1876..
1877..
1878..
1879..
1830..
1881
*

Gross

Miles.

Earnings.
$16,996,216

1,425
1,783

1,941
2,178

2,300

16,471,144
17,530,858
17,153.163
20,508,112
24,094.100

Operating
Accounts. *

$7,857,211
7,774,418
8,780,312
10,207,862

12,045,668

Leased lines rentals included in

Net

Earnings.
$9,136,005
8,696,726
8,750,546
6,945,300
8,462,444

10,234,793

Dividend
to Stock.

$4,342,040 (8)
4,342,040 (8)
3,406,530 (6)
3,556,536 (6)

operating expenses since July, 1878.

The land department makes the following exhibit: Total grant from
the United States (12,800 acres per mile), 7,997,600 acres; grant to
the California <fc Oregon Railroad, 3,724,800 acres; total, 11,722,400
acres.
The rands have been sold mostly on five years’ time, with a cash
payment of 20 per cent at time of purchase. There had been sold prior
to the execution of the land mortgage, October 1, 1870, 127,637 acres
for $295,065, and since 1875 yearly sales as follows: 1876, 36,503
acres, at an average of $7 51 per acre; 1877, 92,647 acres, at $12 99x4;
1878. 78,100 acres, at $3 2 423T8; 1879, 43,253 acres, at $5 22^; 1880.
114.852 acres, at $3. (V. 32, p. 69. 93, 121, 154, 199, 231, 658 ; V. 33,
p. 73, 153, 254, 327, 328, 736; V. 34, p. 175.)

Charlotte Columbia & Augusta.— Sept. 30, 1831, owned from Charlotte’
N. C., to Augusta', Ga., 191 miles.
Iu November, 1831, leased Atlantic

;




Where

Bonds—prmoi

pal, When Due.
payable, and by Stocks—Last
Whom.

Payable

Dividend.

Q.-M. N. Y., Cent. RR. of N. J.

A.
M.
J.
A.

do
do
& N.
do
k J.
do
& N. N. Y., Cant. RR. of N. J.
& J. Balt,, at B. & O. office.
do
k J.
do
do
& S.
do
& A. N. Y. k San Francisco.
N. Y., Fisk k Hatch.
& J.
k J. Sacram’o State Treas.
N. Y., Fisk k Hatch.
k O.
U. S. Treasury.
k J.
N. Y„ Fisk & Hatch.
& J.
U. S. Treasury.
N. Y., Fisk k Hatch.
& J.
<fc J.
New York k London.
& J. N. Y., Cent. Pac. Office.
N. Y., Fisk & Hatch.
k O.
N. Y. and S in Fran.
& N.
& J. N. Y., Nat. Park Bank.
do
do
k O.
k O. Philadelphia, Penn R.R.
k D. N.Y.,Del.&Hud.Can.Co.
N. Y., Fisk k Hatch.
& J.
do
& O.
do
& N.
Company’s office.
do
k J.
do
do
k O.
do

J.
J.
M.
M.
J.

&
&
&
&
&

M.
J.
M.
J.
J.
M.
F.
J.
J.
A.
J.
J.

....

gg.
g.

g.

J.
J.
J.
A.
M.
J.
A.
A.

g.
g.

g.

11-2
6
4
4
6 £.

J.
J.

Tennessee & Ohio Railroad,

J.
J.

Boston, Office.

S.

N.Y.,Jesup, Paton & Co.

S.
J.

do,
do

do

do

Lond’n,J.S.Morgan&Co.

dune
M;iy
July
May

l, 1900
1, 1888
1, 1921
1, 1903
Feb. 1, 1882
Feb. 1, 1882
Sept., 1890
Feb. 1, 1882
1895 to *98
July 1, 1884
Oct. 1, 1900
1895 to ’98
July 1, 1899
1899
Jan. 1, 1888
Jan. 1, 1892
July 1, 1890
Oct. 1, 1890
May 1, 1888
Jan. 1, 1895
Jan. ly 1910
Oct. 1, 1901
Dec. 15, 1899
July 1, 1898
July 1, 1908
July 1, 1908
July 1, 1918
Jan/

1, 1911

Jam 10, 1882

July 1,’96&’98
Mar.

1, 1882
Mar. 1, 1882
July 1, 1903

Charlotte to Straitsville, 47 miles.

Consoli¬

dation (July 9,1869) of the Charlotte k South Carolina and the Columbia
k Augusta. The road has been under tbe control and management of
the Richmond k Danville since 1878. Gross earnings 1879-80, $541,116; net, $184,566; gross in 1880-81, $626,919 ; net, $211,990. There
are, in addition to the above, bonds, $189,500 of old Columbia &

Stock issued, $2,578,000.
-(V. 32, p. 467, 577; V. 33, p. 736; V. 34, p. 59.)

Charticrs.—Dec. 31, 1330, owned from Mansfield, Pa., to Washington,
Pa., 23 miles. Chartered as C. Valley in 1853 and opened iu 1856.
Sold under foreclosure, and reorganized in 1871. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati k St. Louis; the
rental is net earnings. Gross earnings ill 1830, $93,733; net income,
all sources, $31,730; in 1879, cross earnings, $84,660; net income,
$24,749. Capital stock, $648,302. (V. 32, p. 498.)

Cherry

Valley Sharon

<£•

Albany.— Sept. 30, 1880, owned from

Cobleskill, N. Y.j to Cherry Valley, N. Y., 21 miles. Chartered in 1869
and opened in 1870.
Leased on completion to Albany & Susquehanna.
Sold to Delaware & Hudson Canal Co. for $320,119. Rental $21,000 a
year.

This

g.

When-

,

Augusta bonds yet outstanding, due in 1890.

6,730,980
—(Y. 32, p. 205, 231, 396. 420, 444, 454, 463, 635 ; Y. 33, p. 23. 93,
528, 502, 559, 622, 686, 743; V. 34, p. 145, 189, 203.)

Central

g.
gg.

6 g.

2,000,000

500 &c.

Paid from Net Earnings
Leases.
Interest.
Dividends.

Earnings.
$4,468,675

1,500,000

1,000

1870

stock or cash)

Net

1,000
1,000
....

Istinortgage, gold, Peninsula Extension
Chesapeake Ohio d Southwestern—Stock
Cheshire—Stock, preferred
Bonds, not mortgage
Chicago <£ Alton—Common stock
Preferred st’ek (7 p. c. y’rly not cumulative)
General mortgage, sterling, for £900,000
Gross

2,500,000
59,275,500
25,883,000

100

1869
1869
1868
1872
1870

5
7
3
3
6
3
6
7
6
6
6
6
6
6
8
6
8
7
7
7
7
6
6
6
6

411,550

1,000

do

Earnings.

1,000

1864
1870

rr
t

3,553,000
5,000,000
5,550,000
2,437,950

100 kc.
50
50

1865-8

6 k 7
7

11,500,000

100 <fcc.

Cherry Valley Shar. <£• Al.—1st mort. lien on road.
Chesapeake <£ Ohio—Purch. money funding bonds...
1st mortgage, gold, “A”
do “B”
2d mortgage, cur. (interest in

1,000

1881
1878

Rato per
Cent.

$4,720,000

$....

Preferred stock
1st mortgage bonds
Central Pacific—Stock
1st mort., gold, (2 sinking funds, $50,000 each)..
California State aid, gold (s. fund, $50,000)
l6tm.S. Joaq’n Val. Br., gld(s.f. $50,000)
U. S. Loan, (2d lien on certain terms)
Western Pacific, 1st mort., gold, (s. f. $25,000)...
do
Government lien
Cal. & Oregon, 1st M., gold, guar., (s. f. $100,000)
Cent. Pac., mortgage, on C. k O. Branch
San Fran. O. & A., 1st M. (s. f. $100,000)
Land grant morffg.vm bonds
Income bds.($G,000,000), skg.fd.,10 p.c.per ann’m
Charlotte Columbia d: Augusta—1st mort. consol...
2d Mortgage
Charticrs— 1st mortgage

1876....
T877....
1878....

Amount

par
Value.

1875

Consol mort

Co., inc’me bds, rg. (not cum’lat’e)
Am. Doekife Imo.Co. new M. bds., guar. C. of N. J.
Adjustment mort. (redeemable any time at par)..

Years.

INTEREST OR DIVIDENDS.

Size, or

Jersey—(Continued)—

'k Wilkesbarre Coal Co., prior liens

Central Ohio—Common stock

\\\r:

by giving immediate notice of any error discovered in these Tables.

| Mi!es

explanation of column headings, &c., see
on first page of tables.

BONDS

AND

Capital stock, $387,650, and funded debt, $300,000.

75?

Chesapeake rf• Ohio—Sept, 30, 1880. owned from Richmond, Va., to
Huntington, W. Va., 428 miles; branches 9 miles: total operated, 437
In October, 1881, completed to Newport News, 75 miles. Con¬
miles.
solidation

of

Virginia Central

and

Covington

k Ohio, and opened

1, 1873.
The old company defaulted in 1873 and
the road was sold under foreclosure April 2, 1878, for $2,750,000,
and reorganized under present auspices. The Eliz. Lexington k Big
Sandy Railroad connects on the west, and in 1881 an interest in the
Elizabethtown k Paducah, the Memphis Paducah k Northern and the
Kentucky Central roads was purchased for this company.
The annual report for 1879-80 was published in V.' 32, p. 154, and
the President, Mr. C. P. Huntington, said in his report: “The financial
condition of your company is good. Before any considerable amount
of money will be required to meet t he interest oil its bonds, the whole
line of "road will be laid with steel rails, well equipped with rolling
through March

stock, and the track, thoroughly ballasted, and, most of the way, with
broken rock.

Earnings and expenses were as follows:
Gross
Operating
Earnings.
Expenses.
$1,702,533
$1,363,225
1,936,360
1,594,739

Net
Earnings/
$339,308
341,621
1.891,542
1,507,332
384,209
2,514,245
1,945,018
569,227
Under the reorganization the stocks are as follows to July 1,1881:
Common, $15,906,138; preferred stock—first, $7,247,803; second,
$8,188,489. The “ B ” bonds take interest in first preferred stock till
November, 1881; in 1881-82 3 per ccnt'cash and 3 per cent stock; in
1882-83 4 per cent cash and 2 p. ct. in stock, and thereafter all cash. The
second mortgage currency bonds till July, 1884, take interest in second
preferred stock, then for two years partly in that stock and partly cash,
and afterwards all cash, if the earnings are sufficient but “ all interest
not paid in cash to he paid in second preferred stock.” The cash interest
on series “I>” begins at $450,000 per year in 1881-’82, and runs up to
$900,000 in 1883-’8 4 and after. First pref. stock has prior right to 7
per cent from surplus; then 2d pref. to receive 6 per cent: both classes
precede the common.||(V. 32, p. 154, 544; V. 33, p. 467, 517, 553,
715, 743 ; V. 34, p. 85.) -

Years.

Chesapeake Oh to <£ Southwestern— This company forms the western
Chesapeake k Ohio and the Lexington & Big Sandy.

connection of the

Cheshire.—Sept. 30, 1881, owned from South Aslihurnham, Mass., to
Falls, Vt., 54 miles; leased, Monadnoek RR., Wiiicliendou to
Peterboro, N. II., 16 miles; and 10 miles Vermont & Mass; total oper¬
ated, 80 miles. $51,000 rental paid to Vt. k Mass.for leased portion
Gross earnings in 1880-81, $622,595; net earnings, $84,410.
of road.
Capital stock—common, $53,300, and preferred, $2,100,000.
Bellows

Chicago & A lion— December 31, 1880, mileage as follows: Joliet
miles; Branches—To Coal City, 4 miles;
Dwight to Washington & Lac’n, 80 miles; Roodhouse to Louisiana, 38
miles Total owned, 366 miles. Leased—Chicago to Joliet, 37 miles;
Joliet to Mazon River, 24 miles; Bloomington to Godfrey, 150 miles;
Louisiana to Cedar City, 101 miles; Kansas City to Mexico, 162 miles.
Total leased, 474 miles. Total operated, Dec. 31, 18S0. 840 miles.
to East St. Louis (main), 244

#

Chartered

Chicago k Mississippi, Feb. 27, 1847; reorganized
January 21, 1857, as Chicago Alton k St. Louis, and under
as

the

under act of
act of February 16, 1861, the present corporation succeeded to the
property, which was .sold under foreclosure in the following year
transferred to new organization in October, 1862.
Chicago and sc.
Louis were connected by the present line in 1864.
k Chicago is leased from January 1, 1864, for the term

and

The Joliet
of its

charter, and forms part of the main line. Rental, 7 per cent on stock anu
8 per cent on bonds. The St. Louis Jacksonville k Chicago is leased m
perpetuity from Ai>ril 30,1868, at a rental equal to 40 per cent of gross

Subscribers will confer
DESCRIPTION.
For

a

explanation of column headings,
on first page of tables.

great favor by giving immediate

Ac., see notes

Alton—(Continued)—
1st mortgage

Chicago<L-

bonds
Joliet & Chicago, 7 per cent, stock
do
do
1st mortgage, sinking fund
St. Louis Jack. & Cli., 1st mortgage....
Income

1st M. endorsed by C.
2d M. endorsed by C.
2d mortgage

do
do
do

do
do
do

A A.,
A A..

& A.)
Louisiana & Missouri, 1st mortgage
do
do
2d mort.(int. guar. C
do
guar. pref. stock
do
Bonds for K.C.St.L.A C. line, s.f. $60,000 after’79
guar. C. & A
Preferred stock do
Common stock
do
C. & A. bonds on Miss. Riv. Bridge, 1st mort., gold
Chicago tC Atlantic—1st mortgage, gold
Chicago Burlington <£• Quincy—Stock
Republican Valley stock
1st mortgage, sinking fund, (trust)

Consolidated mortgage coupon, (for $30,000,000)
mort.on Iowa lines,coup.orreg.(s.f. l^p.o.)

notice of any error discovered In these Tables. Due.
DIVIDENDS.
pal,When
INTEREST OR

Size, or
Date
Amount
Rate perj
Par
of
Outstanding
Cent.
Road. Bonds Value.

Miles
of

500 Ac.
100

....

1857
1864
1864
1868
1868

1,000

2,365,000

1,000
1,000
1,000

1870
1877

1,000

1,000

564,000
188,000
360,000
439,100
300,000
262,100
2,939,000

100

1,750,000

1,000

3.62

1878
....

-

189,900
700,000

■

.

....

....

257

®

^

1,000
1,000

1877
1881

1682

6,500,000
55,265,000
7,895,000

100

....

-

•

.

m

•

466
825
740

Trust

-

m

.

m

.

.

•

A.

8
7
4A 5
4
4 g.
7
7
5
8
8
8
8
5
5
7
8
8

2,493,000
13,981,000
12,000,000
7,895,000

1,000
1,000
1,000
1,000

1858
1873
1879
1881

1S93
1883

Jan..
Jan.,

Paten A Co.

A 0. N.Y.,Jesup, Paten A Co.
N. Y. U. S. Trust Co.
Q.-J.
J. A J. N.Y.,Jesup, Patou A Co.
8
do
do
A. A 0.
7
do
do
A. A O.
7
do
do
J. A J.
7
do
do
J. A J.
7
do
do
F. A A.
7
do
do
M. A N.
7
do
do
F. A A.
3*s
do
do
M. A N.
6 g.
do
— do
1*2
Q.-F.
Chic.. Ill. Tr. A Sav. Bk.
7-40
A. A 0. N.Y.,Jesup, Patou A Co.
6
New York.
6 g. M. A N.
o
Q.-M. N. Y., Bk. of Commerce.

306,000

1,000

A J. N.Y.,Jesup,

J.

7
7

$2,383,000
1,008,000
1,500,000

$1,000

1863
1862

100

...

Whom.

| Pay able

220
220
38
38
150
37
37
150
101
101

Stocks—Last
Dividend.

Payable, and by

Where

When

Jan., 1882

July. 1882

April. 1894
April 1. 1894

July, 1898
July, 1898
Aug., 1900
Nov. 1, 1900

1882

Feb. 1,
May 1,
Feb. 1,

1903
1882

May 20, 1881
Oct. 1, 1912
May 1, 1920
Dec. 15,1881

1, i883
July 1, 1903
Oct. 1, 1919

Jan.

J. A J. N. Y., Bk. of Commerce.
J. A J. N. Y.N. Bk.of Com. ABost
A. A O. N. Y., Bk.of Commerce.

July* *l7

Frankfort.

1890

J. A J.
691,000
Oct. 1, 1890
& Col.bonds pledged) 100
A. A O. N.Y., N. Bk. of Com’rce.
653,000
96
Jan. 1, 1896
mortgage, gold
Boston, Co.’s office.
J. A J.
552,475
1872
1,000
June 1, 1895
to Peoria)
:
Boston. Co.’s Otfiee.
J. A D.
390,000
1,000
1875
Plain bonds (coupon or registered)
July, 1889
J. A J. N.Y., N. Bk. of Com’rce.
545,500
500 Ac.
1869
40
Bonds of 1875, (sinking fund $13,860 per year)'*
July, 1900
J. A J. New York and Boston.
1,000
f 70 1370 500 Ac. 1,076,000
Dixon Peoria A Hannibal, 1st m...)
~
Oct., 1890
Boston.
A. A O.
890,500
1870
44
Ottawa, Oswego & Fox Riv., 1st m (, coupon,
July, 1890
J. A J. N.Y., N. Bk.of CommTce
720,000
1870
40
1,000
Oct. 1, 1901
Illinois Grand Trunk, 1st mort
f out may be ^
Boston.
A. A O.
2,325,000
1876
1,000
270
Feb. 1, 1896
Quincy & Warsaw, 1st mortgage .. / registered. I
F. A A. N.Y.,Farmers’ L.& T.Co.
840,000
1876
46
1,000
B'ds for St. L. R. I. A C. (sink, fund $50,000) coup.
Oct. 1, 1893
A A O. Boston and New York.
50 Ac.
4,454,550
1863
281
Quincy Alton A St. Louis, 1st mortgage, quar
J. A J. Boston, 49 Sears’ Bldg. July 1, 1894
136,000
500 Ac.
1869
40
Burl. A Mo. Riv., 1st on r’d A 400.000 ac’s I'd i Op
July 1, 1889
do
do
J. A J.
307,500
500 Ac.
do
1870
1st M. on br.,C.B.AQ.stk.(5th ser.) > or*
do
Conv. bonds, C.B.AQ.stk.(6th ser.) ) reg.
Miles.
Miles.
18
Pacific June, to Council Bluffs
earnings until the amount reaches $700,000, with a minimum of $°40 000 Nebraska City to Central City 150
Nehama City to Nebraska City
27
....

Bonds (Repub.Val. and Bur.
Northern Cross R. R. 2d.
Trust mortgage (Burlington

....

m

....

e

m

ra

....

r

f\

....

$1,293,000; pref., $1,034,000; V. 32 p 176 Prof
to anon-cumulative dividend not exceedin'- 7 ner
and (after payment of 7 on com.) also shares with
surplus. 3^ paid on com. Nov., 1881 The La
1,000 years from Aug. 1,1870. Rental, 35 p. of-toss
interest guaranteed on 2d mort. bonds and pref stock as
pref. stock is $1 010,000 and com. stock $2,272 700
R. R. waflfloldm foreclosure Sent 1879 nml
chased by this company. The Kansas City St. L. i ciiic ™ on™
through W l, 1870. It was built by the Chicago & Alton
and is leased to said company in perpetuity from November 1 1877 at a
rental ot So per cent ot gross earnings, less taxes and assessments
bonds are held by United States Trust Company as security Rm the c
A. bonds of 18/8 issued to build this road, and a sinking f
nf
$60,000 per annum provided for their redemption. Shouldtlm 35 p,w
cent be more than sufficient to pay bond interest and 7
the stock, the excess is to goto the lessees. The Mississippi River

year. Corn, stock,
stock has prior right

a

Hastings to Indianola
Amboy to Hubbell
Atchison to Columbus

%Via

ct. from net earnings
common in any
River is leased tor
earnings, but
above; the other
The Chic. & Til. River

January

Used ,jointly—
Alton to East St.

February....
March

-136
14<)*2-i32
147 -135
147
139

June

July
August
September

-150

..

140

130*2-12 7
137*2-129
134

-140

to

-127*2

-

-

..

Annual report for
have been as

1880 in V. 32, p.

follows for four years
•*

1877.

$

7? pcp /?//<?—

Net earnings

past :

1878.
1

earnings, Ac.,

$

$

3,625,401

Total income
Disbursements—
Rentals paid
Kan. C. St. L. & Chic
Interest on debt

acct.

Total disbursem’ts.
Balance, sur. or del’.,

2,156.385
173,545

2,706,156

150,000

Other receipts

33,000

269,505

2,257,338

2,329,930

2,739,156

,894,906

$
595,125

$

528,658

562,75 i

574,372
109,427

926,898
28,000
48,497

448,261
865,109
2,000
30,737

2,215,852

2,503,933

sur.

$
tl

,067,991

561,279
155,961

771,360
147,418

765,776
29,500
30,737

854.359
102,006

30,737

2,400.341

Back taxes paid in 1877, $8,667 ;
i Includes rental of Kan. C. St. L. A

2,973,871

Mar

47, 224, 641; V. 34, p. 31, 86.)
Chicago & A tlantic —Road In progress from Marion, O., on line of N. Y.
Penn. A Ohio, to Chicago, 257 miles. Built as a connecting line for N. Y.
P. A O. and N. Y. Lake Erie A West., and both tlieso companies guaran¬
tee the gross earnings on business over their roads to and from the
Chic. A Atlantic, as security for iuterest on the bonds. See V. 33, p. 23.
Chicago Burlington <L Quincy— Jan. 1, 1330, mileage was as follows:
Miies.
Mainline—
Miles.
*
Keithsburg to Sagetown
17
Chicago to Burlington
20o
42
Burlington to Plattsmoutli... 281 Keokuk to Burlington
38
Chariton to Leon
Branches—
33
Central Depot
2 Chariton to Indianola
to Chillicothe
15
Galesburg to Quincy
100 Charitonto Hopkins
- 45
Galesburg to Peoria .'
52 Creston to Fontenelle
28
Yates City to Lewiston
30 Creston
40
Lewiston to Rushville—
33 Red Oak to Hamburg
18
Aurora to Turner Junction...
12 Red Oak to Griswold
Geneva to Streator
67 Burlington June, to Villesea _ . 35
—

Shabbona to ltock Falls
; 46 Hastings to Sidney
Mendota to East Clinton
62 Hastings to Carson City
Buda to Elmwood
41 Albia to Knoxville
50 Knoxville to Des Moines
Galva to New Boston
Keithsburg Junc.to Keithsb’g
5 Leon to Grant City
Burlington to Carthage
30 Albia to Moravia
Carthage to Quincy
40 Bethany Junction to Bethany
Sterling to Alton Junction ... 260 Plattsmoutli to Kearney June.
Clcvel."Junc.to Cleveland, Ill.
2 Qmaha to Orcapolis
Port Byron to Rock Island...
7 Crete to Beatrice

30 days notice. Seo

21
16

33
35
57
11

-

Oct
160-136 xp
166*8-162
Nov
145 -13634
173 -165
xl3958-133*2
June
171 -162*2 Dec
The last annual report was published at length, with an article on the
general situation of the company, in the Ciikonicle, V. 32, p. 347, 365.
Comparative statistics for four years are as follows; 1879.
1880.
1878.
1S77.

Miles owned
Miles leased

Total

-1,760

105

97

97

1,621

1,709

1,857

2,772

14,119,665 14.817,105
7,533,135 7,228.222

20,492,047
9,362,904

A coutr’ld.

operated

Total gross earnings,. .112,551,454
Totul operating expens. 6,851,155
Net

2,675

1.604

46

1,0 / o

$

5,700,299

earnings

P.c. of op’g exp.

to e’n’gs

6,586,530

7,588,883

11,129,143

54*58

53*35

48*74

45*69

INCOME ACCOUNT.

Taxes

7,588,883

131,395

155,695
2,155,972
t 603,437

2,479,715

2,212,827
223,313

- -

$

2,110,938

327,159

*

disbursements.

$
6,586,530

2,108,469

Dividends
Carried to sinking fund.
Miscellaneous.
Transf’d to renewal f’nd
Total

$

$
5,700,299

Total income
Disbursements—
Rentals paid
Interest on dqbt

241,104
31,442

5,319,284
381,015

*

12,028,458
203,006

179,093

3,282,718

441,590

328,844
3,081,985
230,493
X 423,085

4,366,064
563,385

1,000,000

1,250,000

6,351,244 7,354,438
234,415
235,286

§ 3,921,695

1,000,000

10,106,703

A M. in Neb. laud grant,
1873 and 1875.

Includes $899,315 net receipts B.
t Including $264,656 foi taxes
1 Balance of accounts written off.

was declared, representing $6,218,539
reducing the surplus by that amount.
17 -(V. 32,p. 15,44, 121, 231, 347, 365, 541, 544, 658; V. 33, p. 124, 201.
30 224, 281, 305, 328, 381, 468, 559, 589, G22, C86; V. 34, p. 19, 86.)

29

191

Vf

$

169^-161*2

-

Apr
May

C.

~(V, 32, p. 264 ; V. 33, p.




consolidation,

on

City St. Joseph A Council Bluffs and
statements of those roads, prior
in Supplement of April 24, 1880; also in Chkonicle,

on its leases of the numerous branch
guarantee of 40 or 50 per cent for pur¬
chasing their bonds. Enough of the C. B. A Q. consolidated mortgage
is reserved to take up prior debts. The bonds of 1876 for St. Louis Rock
Island A Chicago Railroad are plain bonds of Ohio. Burlington A Quincy,
offset by mortgage of like amount on St. Louis Rock Island A Chicago
road deposited with trustees. Prices of stock have been:
1882.
1881.
1882.
1881.
July
165*8-154
Jan
138 -132*4 182*2-167^
Aug
161*2-149
Feb.
175 -160
Sept
166x-147*2

sur.333,815 sur.921,035
1878, $303,266 ; 1879, $31,025.

41,486 def.174,053

*

$
754,913
102,175

this included above

V. 30, p, 61 *. and V. 31, p. 228.
The Chicago Burlington A Quincy
roads usually gave them a traffic

1830.

1879.

2,107,338

'

Taxes*
Dividends
Miscellaneous
La. A Mo. R. b’d

261. Operations,

* 28 miles of

21 I

Louis

that stock at the option of the Company
V. 33, p. 328.
The Kansas
branches was purchased, 254 miles. See

113

October
November...
December

,..2,998

Grand total

Jan. 1,1885, but in Oet., 1881, the
this, in the proportion of three
cent bonds were then issued
against Rep. Valley and Bur. A Col. 5 per cent bonds held in trust, and
au equal amount of Rep. Valley stock scrip was also issued to subscribers
to the bonds, such scrip being entitled after April 1, 1882, to same divi¬
dends as Chicago Burlington A Quincy stock, and exchangeable into

142*2-135
-127x
132^4-128

Amazonia, Mo., to

46

stock entitled to no dividends before
Chic. Bur. A Q. stock was given for
shares for four. The C. 6. A Q. 4 per

-147

147
150

Bluffs *199
2
1
2
Hopkins ...
50

City to Council

Council B. to U. P. trails, grds.
Winthrop J. to Atch. Bridge .
Main line to East Neb. City..

10 l under “ Leased.”
Nebraska City
The Chicago Burlington A Quincy was a consolidation (Jan. 1, 1873)
of the Chy?ago Burlington A Quincy in Illinois and the Burlington A
Missouri River in Iowa. The Q. A. A St. E. was leased in perpetuitj
from Oct. 1, 1876, at a rental of $42,000 a year.
The St. L. R. I. A
was leased from Oct. 1, 1876,
at a rental of $175,000 a year. In
1880 the Burlington A Mo. in Nebraska was absorbed, 630 miles,
including leased lines.
A stock dividend of 20 per cent was then
made. The Republican Valley RR. stockholders were given a deferred

-153
149*3-1.19 *2
141 -110
145 -145

144

April
May

95

31,1880.2,772

Hamburg to E.

153

150*4-1 :-'4

Kansas

Leaked—

-Preferred.
1881.
1S82.

1881.
156 -149

221

Quincy to East Louisiana
Branch to Hannibal

iSSftirssswsssaKiisfegIS
-Common.

Total
Total operated Dec.
Controlled since -

148
52

31, 1880...2,677

Total owned Dec.

Company4i'
ti.2
li £
percent1™
iird"e

1882.
135 -128

,

§ A stock dividend of 20 p. c.
accumulated income surplus,

of

i

KAILKOAD

XXII

Subscribers will confer a great

favor by giving immediate

on

of column headings, Ac., see notes
first page

of tables.

Miles Date
of
of
Road. Bonds

Chicago Burlington d Quincy—(Continued)—
Burl. A Mo. in Neb., bonds, convert, till Jan., 1882
do
consol.M.for $14,000,000, e.f. $30,(X
do
Omaha & S.W., 1st M., guar
Burl. A Mo. bonds, s. f. for Atch. & Neb. RR. stock
Nebraska consol, mort., guar

ib’i

Atchison A Nebraska. 1st mortgage
Lincoln A Northwestern RR. bonds
Kansas City St. Jo. & C. Bl., mortgage
income bonds, reg...
do
do

Chicago d Canada Southern—1st mort.,

gold

Chic. Detroit d Canada Or. Trunk Junction—1st
Chic, d East. III.—Stock
1st M., coup. (8. f. $20,000 after ’85)
2d mortgage income (non-cumulative)

Extension, 1st mortgage

Chicago d Grand Trunk—1st mortgage, $
2d mortgage, income

M.

and £—

2d mortgage for $6.000,000
Northwest. Grand Trunk, 1st mort

y

mortgage
Chicago loica d Nebraska— Stock
2d mortgage (now 1st)
3d
do
(now 2d)
Chicago Milwaukee d til. Paul—Com. stock
Preferred st’ek (7 p.c. y’rly, not cumulative)
Consolidated mortgage (for $35,000,000)
.

f:

1st mortgage

1st

(Lacrosse Div.)
(Iowa A Minn.)

►

(Minnesota Central).

(Iowa A Dakota)....

M.,Ia. ADak.Ext. ($15,000 p.m.)

Chicago d Canada South— Dec.

registered
by end’ree
rncut.

Value.

$500Ac.

1878
1880
1877
1877
1872
1859

100 Ac.

100 Ac.

4,495,522

2,504,000

274
■

67
59

123
123
14
330
330

1877
1877
1881
1880
1880
1881
1890
1870

1871
I860
1863

370
370
220
49

335

1,000

1864
1867

1864
1869
1878

1,095,000

100
100
100 Ac.
100 Ac.

3,000
£100 Ac
500

3,000,000
3.000,000
767,000
250,000
5,174,176

1,000
1,000
100
100 Ac.

500 Ac.

31,1881, owned from Grosso Isle, Mich,

officers.

Where

Bonds—Princi¬

Payable

Payable, and by

J.
Boston, Office.
J.
do
D.
do
O. Boston, N. E. Trust Co.
0.
Boston, Office.
J. Boat., 49 Sear’s Rnild’g
8.
Boston, at Office. °
J.
Boston.
J. Boston and New York.
O.
Boston, at Office.
A. A O. N. Y., Union Trust Co.
J. A J.
London, England.
M. A S.
New York.
J. A D. New York, 4th Nat. Bk.
Dec.
do
do
.

.

do
do
J. New York and London.

.

A

J.

Sept.

Stocks—Last
Dividend,

J

Whom.

J. A
J. A
J. &
A. A
A. A
J. A
M. A
J, A
J. A
A. A

.

pal,When Due,

Jan. 1. 1883

July 1, 1918

June i, 1896
Jan. 1, 1910
Oct. 1, 1893

July, 1918-19

Mar. 1, 1908
Jan. 1, i9io
Jan. 1, 1907
Jan. 1, 1907
April 1, 1902
July 1, 1884
Mar. 1, 1882
Dec. 1, 1907

Dec., 1907

Dec. 1, 1931
Jan. 1, 1900

(?)

654,656

500 Ac.

1,000
1,000
3,000
1,000
1,000
1,000
1,000

When

7
5

6

J.

A J. N. Y., E.P. Beach, B’way.

Jan.

8
8
4
5
7
3L>
3 Ifl
7
7
7
7
7
7
7

J.

A J. New York and Boston.

Jan.

J.

A J.

J.
J.
F.
A.
A.
J.
J.
A.
J.
J.
J.
J.

A
A
A
A
A
A
A
A
A
A
A
A

4,000,000

....

100
100

1875
1863

2,488,174
2.541,000

100

O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore A Mich. South. It has a capital stock amounting to $2,607,400
and a bonded debt of $2,541,000, and owes upwards of $1,200,000 over¬
due coupons. Original cost, $5,170,557. it is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
Chicago Cincinnati d Louisville.—Dec. 31, 1880, owned from Peru,
Ind.,to'La Porte, Irnl., 73 miles. Opened in 1858. It is a reorganiza¬
tion of the Cincinnati Peru A Chicago, and forms a part of the line
from Indianapolis to Michigan City. No information is furnished by the

600,000
1,150.000
3,916,200
220,000
211,500

21,404,261
12,279,483
10,133,000
6,500,000

•

387.000

3,681,000
183,000
582,000
5,038,000

•

-

•

N.Y., E.P.Beach,B’way. July 1, 1930

*

do

do

J. Boston, by Treasurer.
J. Boston, Merchants’ B’k.
A. N. Y., Nat. Park Bank.
O.
New York, Office.
do
O.
do
do
J.
do
do
J.
do

O.

do

J.
J.
J.
J.

do
do
do
do
do

do
do
do
do

’i,*1910
l.

1900

Aug. 1, 1901
Jan. 2,; 1382
J.&J., 1881-83
Aug. 15,1892
Oct. 15,1881
Oct. 15, 1881
July 1, 1905
1893

1884

1897

,

1894
1899

July 1, 1908

The Milwaukee A St. Paul afterward purwaukee, and others,
chased the St. Paul A Chicago Road and others, and built the line
from Milwaukee to Chicago, and on February 11, 1874, the company
took its present name.
In February, 1880, the Hastings A Dakota
Railroad was purchased, and in March and April tlic Chicago A Pacific
and the Sioux City A Dakota. The Western Union Railroad was leased
in 1879 for 999 years, and tlie bonds were to be retired by the issue of
the Chic. Mil. A St. Paul bonds secured by mort. on that road.
Of the
consol, mort. bonds of 1875, enough are reserved to take up the prior
bonds, and any of the holders of those bonds (except the Iowa A Dakota
division) may exchange them for the consol, bonds. The latter had a
sinking fund of 1 per cent per annum, but holders may have their bonds

Grand Junction.—Dec. 31, 1881, owned stamped and discharged from the operation of the sinking fund. The

from Port Huron, Mich., to Detroit June., 59 miles. Opened in 1859.
Leased to Grand Trunk of Canada. Operations, expenses, Ac., included
in lessees’ returns. Rental—interest, quarterly, $65,700, and dividends,
semi-annually, each 2 per cent, $43,800. Capital stock, $1,095,000. and
funded debt, $1,095,000.
The road is owned by the lessees, but a

separate organization is maintained in Michigan.
Chicago d Eastern Illinois.—Jiaic, 1881, owned from Dolton, Ill.,
to Danville, Ill., lO?1^ miles; Covington, Iud., to Coal Creek, Ind., 9
miles; Danville to Grape Creek, 7 miles; leased, Dolton to Chicago
fC. AW. I.), 17 miles; Evansville T. Haute A C. RR., Terre Haute to Dan¬
ville, Ills, 55 miles; Otter Creek to Brazil, Ind., 14 miles ; Danville, Ill.,
to Covington, Ind., 13 miles.
Evansville Terre Haute A Chicago leased
May 1. 1880, for $75,000 per year. The Chicago A East Illinois was
chartered as Chicago Danville . A Vincennes in 1865, and opened in 1872
and 1873. Sold under foreclosure Feb. 7, 1877, and reorganized under
existing style Sept. 1, 1877. The Louisville A Nashville purchased
8,000 shares of stock, as reported, and roads will be operated in har¬
mony. Report for ten mouths to June 30, 1881, in V. 33, p. 411.
(V.
32, p. 437,500; V. 33, p. 100, 411,502; V. 34. p. 86, 114, 175.)
Chicagod Grand Tninlz—This is the consolidation of roads between
Detroit and Chicago formed in April, 1880, under the control of the
Grand Trunk of Canada; 335 nfiles operated. It includes the former
Port Huron A Lake Michigan and the Peninsula roads, sold in foreclosure.
Stock, $6,600,000 in $100 shares. The Grand Trunk of Canada gives a
traffic guarantee of 30 per cent of gross earnings on business to and
from the Northwest Grand Trunk Road, to apply for 20 years on the
first mortgage interest and for 30 years on the* Northwest Grand Trunk
interest.

8
6
8
4
7
6
7
7
7
6
7 g.
6
3
<J
7
6
6 g.

1,125,000
600,000

1.000

to Fayette,

Chicago Detroit d Canada

Rate per
Cent.

$157,000
8,105,400
1,034,000
3,347,000
1,828,800

600 Ac.

149

1,729

1

Outstanding

1,000

1,729

Coup., but
may be

.’

Par

1877

£0
82
82
82

2d

Amount

133

80

be reg

1873
1878

Size, or

1,000

66

Chicago d Iowa—1st mort., coup., may

1st mortgage
2d mortgage
1st mortgage
1st mortgage

notice of any error discovered In these Tables.

1872
1880

49

Republican Valley RR., bonds

I ILk

fVOL. XXXIV

INTEREST OR DIVIDENDS.

DESCRIPTION.
For explanation

BONDS.

STOCKS AKD

(V. 34, p. 86.)

Aurora, Ill., to Forest on, Til.,
80miles; leased, Flagg Centre to R. >ALvd, 24 miles; total operated, 104
miles. C urtered in 1809 and opened in 1872. In hands of a Receiver lor
Chic, d Iowa- June 30,18S1, owned from

Southern Minnesota bonds were all to be exch anged for tbe bonds of this
company secured on that line (see V. 30, p.e433), and the condition of
those bonds before consolidation may be se n in the Supplement of

April 24, 1880.

In Juno, 1881. stockholders authorized the issue of

$5,000,000 new common stock, which was allotted to common and pro.
ferred stockholders of record on Sept. 20 at par, to be issued Oct. 1,

1881.
The preference of the preferred stock is a prior right to a non-cumulat.ivc dividend of not exceeding 7 per cent from net earnings (except that

$250,000 above interest on bonds may be reserved as a working capital,
before payment of the dividend.) Alter payment of 7 on preferred and
7 on common, both classes share pro rata. Prices of stock of the Chicago
Milwaukee A St. Paul have been :
-Common.
1881
1882.
/

liovioi^

January
February
March

April
May

,

1214.4-10934
11732-10112
11448-100
113 34-108
129

Preferred.1881.
-H934
132 -122

123

12012-117
120 -12034
126 VI19%

-

110 -12534
1355t-132

-112%

June

12934-120

July
August
September

1163-4-110 J8

12838-10730

13814-128
13318-12932

-

122%-lUVcp

..

*

1882.

133%-24%X p.

-

12132-11654
October
11234-106
1 107h-1 05%
12534-119%
November...
121 -117
December...
108%-102 3.4
An abstract of the last annual report was published in the Chronicle,
V. 32, p. 400. The following table shows the operations earnings, cap¬
ital account, Ac., for four years:
1877.
1878.
1879.
1890.

Miles operated
, 1,512
1.412
2,359
3,775
and a-half, and sold Mar. 9, 1878, in foreclosure of second mort¬
OPERATIONS AND ETSCAL RESULTS.
gage of $1,150,000, but the sale and ail foreclosure proceedings wore Passenger mileage
55,925,449 05,498,189 78,119,592 111.561,919
canceled and overdue coupons were paid.
Gross earnings for year Rate per pas* p. mile
2*93 ets.
2-84 cts.
3*09 ets.
3*21 cts.
ending May 31, 1881, were $650,000 and net carniiurs $350,000. Cap¬ Freight (tons) mil\ge.271,598,133 321,818,902 401.595,734 504,870,154
ital stock, $1,328,000, and funded debt, $1,750,000; total stock and Av. rate
1-72 ets.
1-70 cts
p. ton p. mile
2-0S cts.
1‘SO cts.
c
$bonds, $3,078,000. Cost of road and equipment, $3,158,000. This road
is used by the Chic. Burl. A Quincy to connect with the 111. Cent. (V. 33,
Total gross carn’gs...
8,114*,894 8,45l',707 10.012,819 13,086,119
p. 99, 124, 321.)
5,473,794
7,742,425
Total operating, exp.
4,540,433
4,702,313
Chicago Iowa d Xcb.—Jn\y 1, 1880, owned from Clinton, la., to Cedar
5,343,694
4,539,025
3,059,454
Net earnings
3,574,461
Rapids, la. (all steel), 82 miles. Chartered in 1853 and opened in 1858.
59-20
5470
Bridge over Mississippi opened in 1856. Leased to Galena A Cliic. Un. at P.c. of op.ex. to ear’gs
56-70
56-00
37*2 per cent of gross earnings, and now operated by Cliic A Northw.; t lie
INCOME ACCOUNT.
maximum rental by subsequent agreement not to exceed $500,000 a
1SS0.
1879.
1878.
1977.
year.
Interest liability, $17,383, and dividends (10 per cent),$391,620;
$
-$
$
Receipts—
total fixed charges, $139,003 a year. Capital stock, $3,916,200; funded
2,520,074 .3,531,538
2,359,300
Balance January 1...
1,433,645
debt, $676,000; interest and dividend balances, $9,592, and surplus
5,343,694
4,539,024
3,659,454
3,574,461
account, $341,894; total, $4,913,080. Ecr contra—Construction, $1,602,- Net earnings
324,298
74,517
13,430
123, and cash and cash assets, $281,503; total, $1,913,080. The first Othdr receipts
and canceled as of record.
mortgage has been satisfied
9,199,530
7,133.615
6,032,190
5,008,106
Totjil income
•$
Chiccgo Milwaukee d St. Paul.—Dec. 31, 1880, the following was
*
$
Disbursemen Is—
•$
2,837,385
officially reported as the mileage owned and operated Chicago to Mil¬ Interest on debt
2,287,-407
2,135,730
2,1G2,159
waukee,? 5 miles; Milwaukee to La Crosse, 196 miles; La Crosse to St. Miscellaneous
32,040
4,034
859,564
851E564
Paul, 131 idles; Milwaukee to Prairie du Cliien, 194 miles ; Milton to 'Divs. on pref. stock *.
1,289,346
429,607
f
two year?

...

-

Monroe, 4;. miles ; North McGregor to St. Paul, 212 miles ; Conover to
Decorah, 9 miles; Mendot a to Minneapolis, 9 miles; Cal mar to Marion
Junction, 287 miles ; Austin to Mason City, 39 miles ; Hastings to Ortonville, 202 miles ; Davenport to near Fort Atkinson, 153 miles; Water®wn to Madison, 37 miles;
Milwaukee to Portage, 98 miles; Mad¬
ison to Portage, 39 miles, Sparta to Melvina, 12 miles; Lisbon to Necedah,
13 miles; Wabasha to Zumbrota, 59 miles; Horicon to Berlin and Winneeonne, 57 miles; Ripou to Oshkosh, 20 miles; Sabula to Cedar Rapids,
92 miles; Paraltato Farley, 44 miles ; Racine to Rock Island, 197 miles;

Eagle to Elkkom, 17 miles, and Eldridge to Maquoketa. 32 miles; Glen¬
coe to Ortonville and beyond, 200 mties •
; Crosse to Madison, 375
miles: La Crescent to near Sabwla, la., with branches, 324 miles;
Toman to Jenny, 109 miles; Mineral Point to Warren, and branch, 51
miles; Chicago to Lanark Junction, 115 miles; Sioux City to Yankton,,
with branch, 131 miles; Minneapolis to Burton, 28 miles; from Bridgewater west, 80 miles; and small branches, amounting in all to 100
miles; total operated, 3,775 miles.
.j
The Milwaukee A St. Paul Railroad Company was organized May
5, 1863, and embraced a number of ether companies, including the
Milwaukee dc Misti ssippi, the Prairie du Cliien, the Lacrosse & Mil¬
!




Divs.

on com.

stock

Total
A

53,000
2,359,306
5,008,106

Balance,' surplus......

portion of these dividends on

h nf flip. ej»rnimrs

385,106
70,000

..

Sinking fund

55,000

81,000

2,520,074

4,343,283

6,032,190

7,133,615

9,199,530

preferred stock was stated as payable
follows:

in 1880,

1877.

1,078,298

3,531,538

of tlie nreviotu* vear as

GENERAL BALANCE AT

_

CLOSE OF EACH

187S.

In 1877, $129,00/

,

$429 781.

FISCAL YEAR.
1879.
$

1880.
$

Assets—
$
$
99,185,683
Railroad,cquipm’t,Ac 56,886,833 90,001,257 63,399,449
Stocks owned, cost...
2,163,567
1,515,750 1 0 Af>ci aqs
7,133,028
Bonds owned, cost...
353,171 j
783,992
483,604
161,653
185,610
BilisAacc’tsrec’vablo
564,715385,971
Materials, fuel, Ac.
199,186
133,127
382,951
801,694
Cash on hand
1,181,047
976,160
..

1882. J

February,

Subscribers will confer
DESCRIPTION.
For
±or

explanation of column headings,
1
on first page of tables.

a

Ae.;

Milwaukee c6 St. Paul—(Continued)—
(Prairie du Cliien)... )
(Prairie duChien)... Coup., but
Milwaukee & Western
I may be
St-P.AC.lst M.(Riv. D.)$A£(conv.) , regist’d by
.1st mortgage, Hastings & Dakota. I eud’rsem’t.
1st M., Chic. A Mil. lino
J
Bonds for Davenport & Northwest RR. j.
1st mort. on S. W. Div. Western Union RR
1st mort. on Chic. A Pac. Div., Chic, to Miss. Riv.
mort. on

Land

grant income bonds

Hastings A Dakota Div
on Chic. Clinton Dubuque &

1st

mort.

Minn

„

....

540

1878.

Daven.

Miscellaneous

RR.

items..

Income

Unpaid

29,954,500

2,359,306

1,103,965
2,600,000
4,200,000

500

1,000
1,000
1,000
1,000

780,000
600,000
300,000

1,000

....

1862
1853

100
100
100 Ac.
100 Ac.

14,988,257
21,525,352

kPO Ac.

3,440,300
116,000
180,000

1,632,000
153,000

1865

1,000
1,000
1,000
1,000
1,000

1871

500 Ac.

5,222,000
3,150,000

1,000

1,700,000

1863
1863

....

.

261,000
246,000

A
A
A
A
A
F. A
J. A
M. A
J. A

A.
N.
A.
A.
A.
A.

J.
S.

J.

Q.-F.

1890
1, 1910

Jan.

July 1, 1920

Feb. 1, 1864
July 1, 1920
Jan. 1, 1909

1910

1, 1921
Oct., 1883
Feb. 1, 1894
N. Y., Nat. Park Bank.
June 1, 1908
do
do
New York, Co.’s Otfice. Dec. 28, 1881
Dec. 28, 1881
do
do *
do
Aug. 1, 1885
do
Nov. 1, 1883
do
do
do
Aug. 1, 1835
do
do
Aug. 1, 1885
do
do
Aug. 1, 1885
do
Feb. 1, 1882
do
do
Jan. 1. 1884
do
do
do
Sept. 1, 1898
do
Jan. 1, 1888
do
do
Feb. 1. 1915
do
do

April 1, 1911

do
do

do
do

A. A O.
J. A J.

Jan.

July 1, 1898

year contracted to be
cash sales and advance

TABLE OF LAND

15,404,261

12,401,483
67,172,000
2,067,165
4,343,283
1,018,541
873,911

GRANT

LANDS FOR YEAR ENDING

Acres

acquired

unconveycd

during

deeded
during

year.

year.

Name of
Land grant. May 31,’80.
Minnesota.. ..1,122,305

Michigan

...

351,402

..

92,090

33,491

..

60,562,205 63,083,910 74,066,074 103,313,641
-(V. 32, p. 155, 183, 205, 288, 367, 438, .456, 4G6, 569, 635- V 33 n
251, 411, 441. 519, 559, 580, 589, 611, 637, 736; V. 34, p. 114.)
Chicago £ Northwestern .—At the end of t he fiscal year, May 31, 1881

'1

,

Acres not

deeded or
contracted
to be sold.

contract.
232,136

46,226
1,454
4,299

1,097,553
504,559
340,870
107,932

234,116

114,539
300.58S
..2,148,984
Total.
An abstract of the last annual report,
showed the following earnings, expenses,

liabilities...

31

Acres
under

59,710
32,400
9,077
13,349

267,096

583,186

..

Wisconsin
Men. Riv. RR.
..

MAY

Acres

Acres

Advances

Total

Q.-M.

July 1, 1909
Jan. 1, 1910
Jan. 1. 1910

sold was 284,116. The moneys received from
payments amounted to $368,369; from instal¬
ment payments on time sales, $148,638; from accrued interest on con¬
'232*736 tracts, $36,678; and from miscellaneous collections, trespass, stumpago
on timber lands, &c., $7,308; total receipts, $560,994.
1881.
1880.]
$

$

711,365

A A.
A D.
A D.

F.
M.
F.
F.
F.

7
7
7
7
7
7
7
7
7
7 g.
7

1898
1898
1891
Jan., 1902
1902
1903
1919

New York Office.
A.
do
do
A.
do 4
do
J.
J. London and New York.
New York, Office.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
A J.
do
do
A A.
do
do
A J.
Boston.
A J.
New York, Office.
A J.
do
do
A J.
do
do
A O.

7

676,300

Stocks—Last
Dividend.

A
A
A
A
A
A
A
A
A
A
A
A

1%

971,400

500 Ac.
500 Ac.

....

3,531,538

481,715

361,556

pay-rolls, Ac.

400,000
1.700.000

107

%

1862
1859

789.927

305,877

200,099

account

5,291,000
6,000,000

....

1859

15,404,26 L
12,279,483
41,349,500

2,520,074

12,279,483

373,000

1,000
1,000

....

$

15,404,261
12,279,483
32,088,500

15,401,261

Stock, preferred
Bonds
All other dues & acc’ts

7,000,000

....

74,066,074 103,313,644

$

$

4,000,000
3,000,000

1,000

....

112,329

60,562,205 63,083.910

Total
Liabilities—
Stock, common

2,500,000

....

1,000
1,00 )

1874
1878

1,750,000

318,660

264,565

1,000

1880
1881
1863

$

$

A N’west

215,000

pal, When Due.

Whom.

Payable

F.
F.
J.
7 g- J.
J.
7
J.
7
J.
5
J.
6
J.
6
J.
6
J.
7
J.
7
J.
6
F.
7
J.
6
J.
7
J.
5
5 g. J.
A.
7
7 g. F.
J.
7
r.
3

4,000,000
121,000
2,500,000

\

Payable, and by

Where

When

8
73
7

$3,674,000
1,315,000

1,000

1880
1880
1879
1880
1879

158
300
223
107
107
130
250
47

Rate per
Cent.

Outstanding

....

....

....

Amount

$1,000
1,000
1,000

1872
1873
1879
1879
1880
1880

....

1877.

Value.

1861
1872

....

130
75
85
160
212

do
1st mort. on Wisconsin Valley RR
do
]* ’ [.
Prior mort.
1st mortgage, Mineral Point Division
Chic. A Pac., West, Div., M., gold, $20,000 p.‘inil'e
61%
do Dubuque Southwestern, 1st mort
53
do S. City & Dak., Dak. So., 1st M.,coup* s.Y
do
do
Sioux City & Pembina, 1st mort' 2,154
2,154
Chicago <£ Northwestern—Common stock
193
Preferred st’ek (7 p. c. y’rly, not cumulative)
193
Ronds, pref. (sink’g fund), 1st mort., Chic, to OslV
193
Interest bonds, funded coup., 2d m., Chic, to Osh'
1st mort., general, 3d mort,, Chic, to Oshkosh
'* 23
26
Appleton extern, 1st mort. on 23 miles and land.'.
248
Green Bay extern, 1st mort. on 26 miles and land
1st mort., Galena & Chicago Un. RR. extended
74
Mississippi River Bridge b’ds, lien on net earnings
46
1st mort. (Peninsular RR.) on roads and lands
779
1st mortgage (Beloit A Madison Railroad)
126
Consol, sink’g f’d Mortg
85
Madison extension, 1st mort., sinking fund "gold
Chicago A Milwaukee, 1st mortgage. 2d lien .
1879.
do

Istoldmort.

Par

1863
1868

235
235

*’***
So. Minnesota Div. ($9,000,000)

1st mort. on

or

Miles
of
of
see notes
Road. Bonds

mortgage
mortgage

1st

Bonds—Princi¬
In tliesc Tables.

INTEREST OR DIVIDENDS.
great favor by giving immediate notice of any error discovered
Date Size,

Chicago
1st
2d

xxm

AND BONDS.

RAILROAD STOCKS

2.050.917

in the Chronicle, V.

roads:

ing proprietary

33, p. 199,

See., for the whole line,

1830-1.

1879-80.

1878-9.

1877-S.

Operations—
Passengers carried...

includ¬

4.4S2.317
3,964,798
3,416,413
140,116,884 164,333.508
Passenger mileage...1 18,877.406 116,063,482
2*53 ets.
2-67 ets.
2*79 ets.
2-83 ets.
Rate per pass. p. mile
6.662,112
5,574,635
4,265,937
Freight (tons) moved 3.911,261
950,522,774
1-47 ets.
Freight (tons) mil’ge.O 23.768,593 63l,87«,311 865,909,542
1-49 ets.
1-56 ets.

3,328,427

.

Proprietary roads : Winona & St. Peter Railroad
Iowa Midland Railway, 71 miles; Northwest¬
ern Union Railway. 63 miles; Toledo A Northwestern, S3 miles ;
Sheboy¬
gan & Western Division, 78 miles; Milwaukee Sc Madison Division, 92
miles; Iowa Railway Coal Sc Manufacturing Co., 3 miles; total pro¬
prietary roads, 1,051 miles. Total miles of Chicago A Northwestern
and proprietary roads, May 31, 1881, 2,778 miles.
The Chicago St Paul Sc Foml-du-Lae Railroad, which was a consoli¬
dation of several roads, was sold in foreclosure June 2, 1859,-and the
Chicago A: Northwestern Railway was organized as its successor with a
mileage then of 193"miles, not all complete.
In 1861 the company
absorbed the Dixon Rock. & Kenosha, the Gal. Sc Cliie. Union and the
Peninsula RR. of Midi. In 1878 the Lacrosse Tremp. Sc Prescott RR.
was also consolidated.
The progress of the company in mileage, traffic, earnings. Ae., is best
shown in the comparative tables below. Quarterly dividends were com¬
menced on the preferred stock in February, 1879. The sinking fund
bonds of 1879 are secured by a deposit of mortgage bonds, on the new
roads acquired at the rate of $15,000 per mile, and the terms under
which these are issued were published in V. 29, p. 277. The deed sets
forth that this company issues its sinking fund bonds, to run 50 years
from the 1st day of October, 1879, interest not exceeding 6 percent,
and in amounts not exceeding $15,000 per mile of railroad actually con¬
structed or acquired; $2,400,000 of which are to be issued for the pur¬
pose of enabling it to execute its several contracts with the several
Railway, 1,725 miles.
and branches, 662 miles;

Ay. rate p.

Freight
Mail, express, Ac....
Total gross earn’gs.
Operating expenses..

Common.

January
February

131 *8-124

March

-

1881.

,

s

Preferred.1881.

136 -123%
134*4-117
125*3-119

1S82.

141%-136%
..

12478-11914

April
May

-

-124%
3238-xl2i'J8
131V121
127*8-122
127%-122%
12614-120“s
13038-12334
13014-xl23

-

135
1

June

July

-—

August
September..;
October

-

November

-

December

.-

-

acres.




ompany

14,580,921
7,349,653

17,349,349
8,049,358

7,260,119

357,996

382,241

446,202

7,707,649
6,873,272

8,431,599

8,917,750

10,125,321
8,903,251

51-66

52-86

48-59

53-92

1S79 80.

1SS0-S1.

INCOME ACCOUNT.

-131*8
-131 %
-131*2
-137*2
-137^2
-136

-13534
-135*2

136*8-131*2
-135*4
113U-136
144

187S-9.

$

earnings

$

6,894,283

1,956,034

$

$

8,917,750

8,908,251

1,225,732
3,261,793

2,105,868

1,408,003
3,322,015

2,405,521

98,120

6,091,513

7,213,101

202.770

1.674,649

7,551,022
1,357,229

95

surplus

6.021,603
508,454

CLOSE OF FISCAL
GENERAL BALANCE AT
Assets.

YEAR.

363,809
1,233,235

1,125,779
1,255,098
*1,977,865

receivable

Materials, fuel, Ac
Cash on hand
Trustees’ sinking fund
Total....;

1S80-81.

$122,431,583
200,000

Railroad, buildings, equipment, Ac
Real estate in Chicago.
Des Moines Sc Minn. Railroad account
Bonds owned
Bills and accounts

1,384,732
3,647,897
2,420,273

93,120
9,442

98,120

113,120

Total disb’rsem'ts

$

$

$

$

1,213,219
3,339,195

Interest on debt
Dividends
Sinking funds
Miscellaneous

s

19,334,072
9,979,619

360,827

7,130,117

Dish ursemen ts—
Rentals paid

Balance,

761,791

7,130.117

to earn.

Jlcceipls—

of the Commissioners’
lots were disposed
7o0
_ rr„
sold being $3 07. I lie.
contracted were 2,0o0,91<
The Land Commissioner’s report gave the
quantity of lands
sold from various grants was as follows:
From the Minnesota
grant, 116,555 acres; from the Michigan grant, 51,598 acres; from
the Wisconsin grant, 6,533 acres; and from the Menominee River
grant, 17,529 acres; total sales, 192.217 acres.
There were also
sold 750*2 lots from the grants and lands that were platted and laid out
for town sites at different points along the new lines of road. The total
consideration received in cash and contract obligations for lands and
lots sold amounted to $646,907. The number of acres actually deeded
during the year was 114,539; and the number of acres at the end of the

lias a land grant and the summary
report showed that in 1880-81 192,217 acres and
of for $646,907, the average price of eaeli acre
lands on hand May 31, 1881, nut deeded or
The

14,751,063

1877-8.

147*2-139 7a
145
138
137
146
144
145
140
140

12.S97.778
714,228

7,020,946

P.c.of op.exp.

mentioned in t lie deed, being at the rate of $15,000
railroads to be so added to its general system; and the
$15,000,000 of bonds may be issued from time to time,
as said first party shall determine, only for railroads to be built, or in
other manner acquired for the sole use and benefit of said first party,
and not to exceed in amount $15,000 per mile of road so built or ac¬
quired and ready for. operation. Preferred stock has prior right to 7
per cent; then common entitled to 7 ; then preferred has a further prior
right to 3 per cent; then common to 3; then both classes share.
The prices of stock have been as follows:
1882.

702,857

Net earnings

Net

4,158,130
14,414,151

3,737,343

630,216

Total.

railway companies

,

3,240,696
10,637,368

$

$

$

$

3,366,679
10,754,168

Taxes

per mile of the,
residue of said

~

1-72 ets.

ton p. mile

Earnings—
Passenger

|l, 117,000

$129,704,369

Liabilities.

$15,093,488
*21,650,783
21,244,650
...
57,006,000
Bonds purchased
363,000
Dividends declared, not yet due
831,481
Sinking funds paid
1,117,000
482,766
Real estate, mortgages, Ae
Current bills, pav-rolls. See.
2,529,390
Uncollected coupons, old dividends, Ac
63,786
Accrued rentals of leased roads in Iowa, not yet due
:
272,232
General consolidated bonds unsold
530,000
Accrued interest, not yet due
675,430
Miscellaneous
310,376
7,533,987
Balance income account..
;
Total
$129,704,369
Including $500,000 to be issued for La C. Tremp. A P. stock.
months from June 1 to Dec. SI, 1S81, an article in tho
the.
by company)
held by company)
sinking fund

Stock, common (loss amount held
Stock, preferred (less amount
Stocks of proprietary roads, Ac. .
Bonds, including live bonds in

*

For

seven

Chronicle,

V. 34, p.

158, gave the

following:

h

‘

Subscribers win confer a great favor

Date
of
of
Road. Bonds

Miles

explanation of column headings, &o., see notes
on first page of tables.

Chicago d

Northwestern—(Continued)—

25
120

Menominee River. 1st mort., guar
Menominee extension, 1st mortgage, gold .•
Gen. cons mort.. gold, coup, orreg. ($48,000,000)
Winona A St. Peter, 1st mort., guar bv Chic.AN W.
do
2d mort., guar. by Chic. A N. W.
do
let M. extern, gld, laud gr., s. f..
Iowa Midland, 1st mort., guar, by Chic. A N. W..
ITriwm. 1 sf, nmvt.yji.jrp. crnld
'M’nrthwA.Qtavii

1,053
137

137
175
75
62
24
24
15

Minnesota Valley, 1st mortgage

Rochester A No. Minnesota, 1st mortgage
Plain View Railroad, 1st mortgago
Chicago A Tomah, 1st mort., guar
Milwaukee A Madison. 1st mort., guar
Sinking fund bonds ($15,000 per mile)

1876-90.

liy giving immediate notice

•

•

-

(for $30,000,000)

177
177
120
605
23
12

Total

100

....

1.000Ac
100 Ac.

1,000
1,000

1,000

10,33 4,000
17,205,833
j 9.8 18,333

100
100

1880
1873
1878
1880.
1879
1879
1873

1,000

500 Ac. i
500 Ac.I

1,000
1,000
....

Net.

$740,262

1,699,685
1,767,938

832,734
831,460

2,020,244
2,105,216
1,855,621
1,477,902

1,171,492

921,061

1,855,476
$15,112,925

—(V. 32, p. 233, 611, 636; V.

1,254,622

1,028.660
650,951

$7,047,459
$12,597,786
$6,560,184
33, p. 199, 322, 404. 467, 559, 580, 587.

736; V. 34, p. 153, 176.)

operated from Pekin, III.
miles
in
Sold

Chicago Pekin & Southwestern.—July 1,1880,

to Mazon Bridge, III.. 94 miles, of which 6
leased. Chartered
1859 and opened in 1870.
Receiver appointed in June, 1877.
under foreclosure of second mortgage May 31. 1881, and to bo reorgan¬
ized.
For 21 months ending May 31,188i, gross earnings were $654,-

098; net, $193,340. (V. 32, p. 312, 526, 612, 658, 685; V. 33, p. 124,
328, 587.)
Chicago Portage d Superior.—This road is projected from Chicago to
Superior, about 407 miles, with a land grant in Wisconsin under chapter

126 of the laws of 1874. The total amount of the mortgage is $10,200,000. In January, 1882, a control of the stock was sold to Chicago St.
Paul A Minneapolis or Chicago Rock Island & Pacific parties, but this

contested. See references. Wm.II. Schofield, President, New York.
-(V. 32, p. 636; V. 33, p. 467; V. 34, p, 114, 145, 203.)

was

Chicago Rock Islatul d Pacific.—This was a consolidation June 4,
1880, with $50,000,000 stock authorized, and a scrip dividend of 100
per cent to the holders of Chic. R. I. A P. stock Mar. 31, 1381. The lines
were given as follows: Chicago, Ill., to Council Bluffs, Iowa, 500 miles;
South Englewood to South Chicago, 7*2 miles; Wilton, la., to Knoxville,
128; Washington, la., to the Missouri River opposite Leavenworth,
271; Edgerton Junction, Mo., to the Missouri River opposite Atchison,

29; Dcs Moines, la., to Indianola, 21Jn; Somerset Station, la., to Winterset, 26^; Newton, la., to Monroe, 17; Atlantic, la., to Lewis, 9; Lewis
to Griswold, 14; Avoca, la., to Carson, 17; Atlantic, la., to Audubon,
25; total owned, 1,052 miles. Leased: Bureau Junction, Ill., to Peoria,
47; Keokuk, la., to Des Moines, 162; Fort Leavenworth, Kan., to
Leavenworth, 2; Avoca, la., to Harlan, 12; Gut line Station to Guthrie
Centre, 15; Cameron, Mo., to Kansas City, 54; Mount Zion Station, la.,
to Keosauqua, 4Uu total leased, 296; total owned and leased, March 31,
This company includes the former Mississippi A
1881, 1,353 miles.
Missouri Railroad of Iowa, which was foreclosed under mortgage in
1866. The Illinois and Iowa roads were consolidated August 22, 1866,
under the present title, and the main line was extended to Council
Bluffs June, 1869. The Iowa Southern A Missouri Northern was fonnerly the Chicago & Southwestern, and was foreclosed and purchased
by this company, and consolidated June, 1880.
The fiscal year ends
March 31 and the last report was in V. 32, p. 634.
Tho mileage, earn¬
ings, Ac., have been as follows for five years past:
Net •
Div.
Passenger
Gross
Ton
Earnings, p.ct.
Years. Miles.
Mileage.
Mileage.
Earnings.
707 60,634,585 337,135,683 $6,917,657 $3,349,364 8
3,511,356 8
1,003 62,098,473 370,436,382
7,895,870
4,329,960 8
9,409,833
1,231 62,811,574 510,859,804
5,265,116
1,348 82,610,900 686,458,954 21.061,662
5,326,752 7^4
1,353 93,769,305 746,573,664 11,956,907
Income and disbursements for four years were as follows:

Total income

Disbursements—

Rentals paid
Interest on debt
Taxes
Dividends

Sinking fund
Legal expenses
Miscellaneous

Add. and imp. acc*t.
Balance, surplus....

Total

*

INCOME ACCOUNT.

1877-8.

1878-9.

*

3,793,534
$
125,000

5,588,058

1880-81.

1879-80.

f?
6,177,901
$

$
5,915,3S8
$
135,037

217,400

$
125,000
1,008,580
218,155

1,678,384

1,993,085

2,097,988

949,700
288,873
2,727,337

41,117

34,426

35,000

1,002,325

1,078,116
295,841

322,137
'

40,000
34,827

‘*557,148
108,500

2,202,121

3,793,584

• 5,538,058

2,285,000
2,303,986 df. 1430,196

Represents Pacific Hotel stock and bonds and

6,177,901

$42,777 connecting

railroad and other bonds, previously given in capital account,
appears from both accounts in following year.
t The deficit in balance is on year's operations; there is a

and dis¬

nominal

.

,

A J.
A N.
A I).
A 0.
A 8.
A. A 6.
M. A S.
M. A S.
....

5 A 6
7
<3 S-

A. A O.
F. A A.
J. & J.

Q.-F.

Hit
6
7

A

J.

8
8
7
8
7

•

6
5 g.

50,000
800,000
6,045,000
33 1,800

J.

M. A JN.
J. A J.
A. A O.
31. A N.
F. A A.
M. A JS.
J. A D.
T. A D.

do

do

do
do
do
do
do
do
do
do
do

pal,When Duo

Slocks—Last
Dividend.

J«iy l, 1906

June l, 1911
1, 1902
i; 1887
l 1907
1, 1916
l, 1900
1, 1917
1, 1903
Sept. 1, 1903
Sept. 1, 1903
Dec.
Jan.
Nov.
Dec.
Oct.
June
Oct.

do
do
do
do
do
do
do
do
do
do
do
N. Y.. Farm. L. A T. Co.
New York.
New York, Co.’s Office.
do
do
do
do
N. i., 214 Broadway.
do
do
do
do
do
do
do
do
do
(lo
do
do

Nov. 1, 1897
Doc. 1, 1907
Juno 15, 1951

N. Y.. 52 Broadway.

Jan. 19,. 1882
June 1, 1930

Sept. 1, 1905

Oct..

1, 1029

Aug. 1, 1901
Jan. 1, 1921
Fed.

l, 18S2

July 1, 1917
Nov., 1399

July 1, 1SS8
Oct. 1, 1890

....

....

7,255,000
3,090,000

HU
6
9 g.

6 g.
0
.

6 £.
/

8

Q-

J

•

J.

A D.

M.
31.
J.
A.
J.
T.

A N. N. Y., Corn Exch. Bank.
N. Y., 52 Broadway.
A N.
A J. N.Y., R. P. Flower A Co.
A Q.j
do
do
do
do
A J.j
do
do
A J.)

May 1, 1918
May. 1898
Jan. 1, 1930
April 1, 1919
July. 1, 1901
July 3. 1903

The Inst annual report, in the Chronicle, V. 32, p. 634, liad tlie follow¬
as to the land grant:
“ For the fiscal year ended March 31, 1831,
tiie conveyances and contracts to convey lands acquired under the land

ing

grant acts of the United States amounted to 91,152 acres, for a total
consideration of $781,261. Of the above, 595 acres were merely quit¬
claimed, there being opposing titles under tlie swamp land grant, for
which $741 was received. The regular sales thus were 93,857 acres, for
$780,517; the average price per acre being nearly $8 316,.”
+ *
*
The amount received for interest during the year was $91,451. The
ons

-.

to the Treasurer of tlio company,at
There remain on unsold on April 1,
acres.”
(V. 32, p. 41, 265, 367,

New York amounted lo $190,000.
1881, of the lands certified. 125,145
437, 551, 577, 684; V. 33, p, 13,

357.)

Chicago St. Louis d New Orlc ms.—Dec. 31, 1381, owned from New
Orleans, La., to Cairo, Ill.. 5 19 miles; branch: Kosciusko Junction, Miss.,
to Kosciusko, Miss., 18 miles; leased, 5 miles ; total operated, 572miles—
549 miles steel rasK This company was formed Nov. 8,1877, by the
consolidation of the New Orleans Jackson & Great Northern and tho
Central Mississippi. The N. O.J. A G. N. road had been sold in fore¬
closure March 17,1877, and the Mississippi Central was sold August 23,
1877. This company is controlled by the Illinois Central, which holds
$6,670,000 of the stock. The stock is $10,000,000. Or’ the first mort¬
gage bonds, $541,0<>0 are a prior lien on that portion 'of the road in
Tennessee.
The Chic. St. Louie A New Orleans 2d mortgage bonds aro
incomes until Dec., 1882, from then they begin to draw interest at 6 per
cent. Of the Miss. Ceil, bonds $600,000 are claimed to have been paid
and are disputed by the present company. The consol. 5 per cent mort¬

to be issued only for redemption of prior bonds,
not iuerea.se tho debt,' which is limited to
$1 >-’,090,000.
In 1878, gross earnings, $2,819,018; net earnings,
$818,723.
In 1879, gross, $3,357,305; in lsSO gross earnings were
$3,716,902; in 1881, gross (Dee. est.), $4,022,900. (V. 32, p. 183. 205,
288; V. 33, p. 46, 73, 153.)
gage bonds of 1951 arc
and their issue does

Chicago St. Paul Minn. d Omaha.—The mileage January 1, 1831, was
follows: Eastern Division—Elroy to St. Paul, 198; River Falls
Branch, 12; Menominie Railroad, 3; Stillwater Branch,*.
Northern
Division—North Wisconsin Jaiictiou to Cable, 120. St. Paul Division—
St. Paul to St. James, 122; Blue Earth Branch, 44.
Sioux City Di¬
ns

vision—St. James to Sioux City, 148; Sioux Falls Branch, 98; Black
Hills Branch, 44 ; Rock River Branch. 28. .Nebraska Division—Coving¬
ton to Omaha, 126; Niobrara Branch, 16.
Total 963 miles. This was
a consolidation July,
1880, of the Chicago 6t. Paul A

Minneapolis

(formerly West Wisconsin), the North Wisconsin, and the St. Paul A
Sioux City. Sec statement in V. 30, p. 675.
Stock was increased in
June, 1881, as per Chronicle, V. 32, p. 500. Preferred stock has a prior
right to non-oumulative dividend of 7 per cent from net earnings; but
common shall never receive more than is paid on preferred.
The Cliie. St. Paul & Minneapolis Istmort.is a 2d on the lands; tho
land mort. a 2d on road: but no foreclosure can lie had except on de¬
fault on 1st mort. Tho lands mortgaged are about 500,000 acres, and
the total lands owned considerably more. (V. 30, p. 675 ; V. 31. p. 20.)
The North Wisconsin was In progress from Lake St. Croix to Bayfield,
Wis., 165 miles. For each mile built $10,000 in bonds aud $15,000 in
stock were issued. (V. 30, p. 248.) Tlie St. Paul & Sioux City was a
consolidation iu August, 1879, of the St. Paul A Sioux City anil the
Sioux City Sc St. Paul, forming a main line from St. Paul to Sioux City.
270 miles. With extensions in progress, the company had 400 miles of
road, witn a single mortgage of $4,600,000, or $10,000 per mile. All
the old stocks of both roads were retired with t>:e new stock. The St.
Paul Stillwater & Taylor’s Falls was consolidated with this company,
also the Worthington Sioux Falls Sc Iowa aud Covington A Black Hills.
The St. Paul A Sioux

City had lauds unsold Jan.

1,1879, of 560,080

tho Sioux City A St. Paul had 439,858 acres. Iu January, 1880,
200,000 acres of land were sold to English capitalists at $6 pet' acre.
acres;

I11 year

ending June 30, 1881, gross

$1,604,003.

earnings were $2,139,553;

net,
441: “ No annual report
1880, aud thererore
ofJWisconsiu for the year end¬

The following was in the Chronicle, V. 33. p.
of this important company was issued for the year
the report to the Railroad Commissioner

ing June 30, 1881,
Paul Pioneer-Press,

which $5'.
.
.
freight; operating expenses, $1,135,249, leaving $1,004,343 as excess
of income over operating expenses, not including taxes.
Dividends
declared during the your were $336,138, all onpreferred stofi^.
of common stock issued since tho date of last report, $8,,491,833 ; pre¬
593, of

5,954,383

A J. Now York Co.’s Office.
A D.
do
do
A D.
do
do

M. A 8.

125.000

1,319,776
1,193.142
1,123,256

2,315,164
2 292,676
2,341,097
2,019,037

j

Where Payable, and by
Whom.
Payable

6

181,000

1,000

“

7
7
6

1,418,500
1,400,000

1.000

g.

7

335,500

500 Ac..
100 Ac.

....

$1,671,177

9,845,000
,000,900
(D
41,960,000
12,500,000
5,000,000
2,848,009
1,483,000
*

1,000
1,000

980,632
1,149,733

1,933,031
...

1,000

-1830.-

$1,159,853

$2,306,440

October
November....
December..

1,000

Gross.

Net.

'

DT

8
7

1,528,000
.1,600,000

....

1879
1871
1881

7

100,000

....

1880

7
7

When

J.
J.
J.
J.
31,
J.
A.
M.

7
7 ff.
7 g.

150,000
200,000

....

1877
I860
1856
1860
1854
1865
1877
1877
1831

Cent.

2,547,000
1,610,000
4,255,000
1,350,000
3,509,000

1,000

....

Rate per

2.700,000,
12,343,000

500 Ac.

•

.

-1S81.-

June

July
August
September

1870
1872
1878
1878
1878

....

Chic. St. Paul A Minn., 1st mort., gold, coup
do
do
1. gr. M., inc., coup. (2d on road)
North Wisconsin, 1st mortgage
St. P. A Sioux City, mort., gold, for $7,0U0,000—
St. Paul Stillwater A Taylors’ Falls, 1st mort
Hudson A River Falls. 1st mort

Gross.

'

of any error discovered in these Tables.

$560,000

100 Ac.

....

Consol, mortgage

Value.

1871

567
All.

Preferred stock

Outstanding

1,000

...

cons.M., gld.(for^lS,000,000)
Min'polis d Omaha— Common stock..

Chic. St. Paul

Par

1870-1

80

2d mort

Amount

500 Ac.
500 Ac.
1,000

....

do
do

Size, or

1876
1871
1872
1870-1

96
Chicago Pekin d Southwestern— 1st mortgage
Chic.Portaged Superior—1st mort., gold
Chicago Rock Island d Pac.—Sl’ck (for $50,000,000) 1,348
636
1st mortgage, coup, or reg
271
Chic. A Southw., 1st M.g. (g’d in cur. by C.R.I.AP.)
206
Chic. St. Louisd V. ().—ist M. (N. O. J. A G. N.)....
224
2d mortgage, (N. O. J. A G. N.)
185
1st mortgage, (Miss. Central) ($100,000 disputed)
185
2d mortgage. •
do
($500,000 disputed) 567
Chic. St. Louis A N. 0. 1st mort
■.
do
do

^OL, XXXIV.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND BONDS

KAILEOAD

XXIV

....

to

.

Amount
Total amount of stocks outstanding, *23,42b,-

ferred stook, $8,613,333.
666.
The stock issued during the year was to take up the
roads consolidated June 1,1880, to purchase 6t^ck of tlie
roack* June 1,1880, and to purchase the stock of the

stook of tm*

consofidatea
surplus from prior accumulated income of $238,202, against a surplus
St, Paul & oioux
March 31, 1880, of $8,571,433, the amount being reduced by trans¬
City Railway Company. The total bonded ^deotednese of
com¬
ferring to capital account $7,903,038.
1 In the report Iowa gondipni & Mo. Northern stock, held in trust— pany is $16,150,175 TTotal stock and debt is
$43,024 per mile on a total of 920*88 bailee erf road,
$4,230,696; but is not included here.




the
$39*1582,841, which 1b
The expenur-

1882.]

February,

Subscribers will confer
description.

a

great favor by giving Immediate notice of

v^T^mitlon of column nt tables. Ac., see notes
headings,
10* cXJ
oh first page of tables

Dato Size, or
of
par
Road. Bonds Value.

Miles
of

Amount

Outstanding

Chicago

d

West.

Indiana— 1st mortgage

1880
....

....

1st inor.;..Pw —
Gr. Enp. Newaygo

,

.

.

A Lake Sh., 1st mort. eon
11 m.(
General mortgage ($12,000 per mile)
Cin. Georgetown d Portsmouth.—1st mort
Cincinnati Indiana)}. SI.4- Louis d Chicago—St
/•„.<jndinuapolis Cin. & Lar. mortgage
Equipment bonds, registered
Cin. *fc Ind., 1st mortgage
2d M., guar., and funded coupons
do
1st mort., Cin. Ind. St. L. Sc Cliic. (for $7,500,00'
Cincinnati Lafayette & Chicago, 1st mort., gold
Cincinnati d Muskingum Valley—1st mortgage
Cincinnati A civ Orleans & Texas Pacific—Stock
Cincinnati Northern.—1st, gold, mortgage....
Cin. Richmond <f: Chic.—lsz mort., guar. 0. H. AD..
2d mortgage, guar, and owned by 0. II. A D
Cin. Richmond it FI. W.—1st mort., gold, guar
Cincinnati Sandusky <£ Cleveland—Stock...
Preferred stock
Mortgage bonds, Sandusky, Dayton.& Cincinnati
do
Sandusky City A Ind
2d mortg. Cine.,Sandusky Sc Cleve
Cincinnati d Springfield—1st mortgage, guar..
r

,

iM M. on .‘15 m. A 1st on

do

-*0-0

-

18796-0

2d mortgage..

1

r.

-tv.

—

Michigan—Stock
Clarion Mahoning d Pitlsb.—lez, g , $30,000 p. mile
Cleveland Akron d Columbus—Stock
Cleveland Canton Cosh, d S—1st mort., gold ..
Cleveland d Mahoning Valley—Stock
1st
extended
Cincinnati Wabash d.

mortgage,
New bonds
Niles Sc

New

Lisbon, 1st mortgage

.

.

.

500 Sec.
1,000

1881
1881

.

40
194

$35,109,978; at date

2,790,000

500Ac.

1867
1SS0
1871
1870

20
20
194
56
148

1.000
1,000

1,460,800
1,076,000

1,000
1,000

1,120,000
1,500.000

1,000
a, ooo
1,000

1,000.000

68,000
499,000

1,000

3,000,000

....

....

50
36

36
90

188
188
...

....

80

48
111

1880
I860
1869
1871
....

....

1866
1852
1867
1871
1872
....

1882

145
.

80
67
67
35

.

.

1880
....

1873
1876
1870

from Dalton, Ill., to

560,000
65,000
1.800,000

1,000
50
50

4,005,750
429,037
715,000
350,000

....

....

1.072,300

....

2,000,000

1,000
1,000

651,000

1,919,500

....

(?)
4,000,000

1,000
100
100 Ac.
50
500 Ac.
500 Ac.
500 Ac.

155, 206, 500, 552, 569, 577;

miles. Opened May, 1880, and leases
way into Chicago to the Wabash, the Grand Tmnk
Chicago Sc Eastern Illinois roads. Stock was $500,000,
1882, a consolidation was made with stock of

1
7

1,000

of last report, $12,542,980. Cost of the
present the company owns 111
mail and express cars, 3,223

West. Indiana—Owns

0,000

800,000

2,759,200
630,000
500,000

pal, When Due.
Slocks—Last
Where Payable and by

When

Dividend.

Whom.

Pay’bie
M. A N. N. Y.,

Droxel, 31. A Co.
Boston.

M. A S. Lost.. Treasurers office.
N. Y. Union Trust Co.
J. A J.
do
do
J. A D.

Nov. l,
Feb. 15,

1900
1882

Sept. 1889

July 1,

1891

1,1905
* 1921
A. A O. Boston, Pacific Nat. Bk. April 1. 1901
Jan. 15, 1882
New York.
Q.-J.
April, 1888
A. A O. N. Y., Aiiier. Ex. Bank.
Juno

,

6

500 Ac.

100

Chicago, with
road for right of
of Canada and the
but in February,
$5,000,000 and bonds
limited to $10,000,000. (V. 34, p. 176.)
Chicago d West Michigan.—Dec. 31, 1830. owned from New Buffalo
Michigan, to Pentwater, Mich., 170 miles; branches—Holland Junction
to Grand Rapids, 24 miles; B. R. Junction to Big Rapids, 51 miles;
total operated. 245 miles.
Organized us successors of Chicago &
Michigan Luke Shore Jan. 1,1879, the C. & M. L. 8. having been sold in
'foreclosure Nov. 16, 1878. Consolidated in Sept., 1881, with the Grand
Haven road. 57 miles, Muskegon to Allegan, and the Grand Rap. Neway
go & Lake Shore, 46 miles! from Grand Rapids to White Cloud. (See V/
33, p. 334.) Earnings in 1880, $840,021, and expenses, $600,438; net
$239,583; interest paid, $38,400; dividend, $153,572, and expended
construction and equipment. $94,155. (V. 32, p. 100, 121, 442, 635;
V. 33, p. 99. 124, 384, 622 ; V. 34, p. 86.)
Cincinnati Georgetown d Portsmouth.—Line of road from Cincinnati
Chicago d

branches, 23

f>

1873
1862

...

Sioux C. R’y, $18,728,6S4. At
locomotives, 45 passenger cars, 27 baggage,
freight cars and 59 other cars. (V.
p.
V. 33, p. 99, 225, 357, 441, 526, 580.)

32,

2,050,000

1853
1867

90
151

6
2 hi
8
S
7

14

Bond a—Princi¬

INTEREST OR DIVIDENDS.

200.000

1,000

property accounts were as follows: Extension
of the North Wisconsin Railway, $787,480: new lines in Nebraska,
$16,148; cost of the Menominee KR., $44,017; cost of the Black River
Railway, $49,166; the Eau Claire Sc Chippewa Falls Railway, $1,591;
right of way. $2,363; new freight and passenger stations, water stations
and wood sheds, $47,830; new shops, engine houses and turn-table,
$32,470; new freight depot, yard and grounds in Minneapolis,
$106,032; new drawbridge at Hudson, $53,130; new bridge over the
Chippewa River, $84,279; new sidetracks, $33,893; now steamer for the
Missouri River transfer, $867; consolidation oxpenscs, $13,131; other
expenditures sufficient to make a total of $1,353,870 paid out for
construction. Number of locomotives purchased during the year, 36.

St. P. A

576,000

G,000.000
1.600,000

....

turcsof the company on

report,

480.000

1,000
1,000

1875

35
46
;.

.

1869
1871

....

$4,000,000
6,151,000

$....

any error discovered In these Tables.

Rate per
Cent.

nncpi

23

XX 7

STOCKS AND BOJSTDS.

RAILROAD

*2

7

10
7
r~9

4

6
7 g.
7

1*2
G g.
7
7
7 g.

10s.
3
6
7
7
7
7

F.
M.
J.
J.
M.
m.
J.

do

do
do
do
do
do

A A.

do
do
do
do

A S.
A J).
A J
A N.
a a. N. Y., Am. Ex oh. N. Bk.
A J. New York, Moran Bros.

A. A 0. N. Y., Geo. W. Ballou.
J. A J. N. Y., Winslow, L. A Co.
do
do
J. A J.
J. A D. N.Y., Winslow, L. A Co.

Boston,

Office.

S.

do
do
do

do
do
do

A J.

M.
F.
31.
J.
A.
J.

p* o

o

A
A
A
A
A

N.
A.

Mcli., 1901

Jan., 1901
Jan., 1882
Oct. 1. 1920

July, 1895

Jan. 1, 1889
June. 1921

1872
1, 1881

Nov.

1902

New York.

1912

Now York.

6 g.

7 g.
,
7
7

Jan.*82,’87,’92
May 1, 1920

Aug. 1, 1900
Sept. 1, 1897
Dec. 1, 1890
D. N. Y., Union Trust Co.
April 1, 1901
N. Y.,U. S. Trust Co.
O.

July 1, 1910
(?)
Aug. 1, 1893
Sept., 1906
Jan., 1890

...

7 g.

Feb.. 1897
Sept. 1, 1883
Dec., 1892

A
A
A
A
A

J.
M.
F.
M.
J.

J.
N.
A.
S.

J.

Cleveland, Office.
N. Y., Ward; C. A Co.
N. Y.,

Union Trust Co.

Pacific—This is the company organ
Southern under tho Erlanger Syndicate.
earnings, $613,719; net, $287,297.
328, 468; V. 34, p. 79.)
Cincinnati Northern— Waynesvillo to Cincinnati, 50 miles.” Connect¬
ing line of tho Toledo Dclphos Sc Burlington. (V. 32, p. 6.)
Cincinnati Richmond d Chicago.—March 31, 1881, owned from
Hamilton, O., to Indiana State Line, 36 miles; leased, Richmond,
Ind., to Ohio State Line, 6 miles; total operated. 42 miles.
Char¬
tered as Eaton A Hamilton in 18 17 and oponed in 1863. Reorganized
May 3, 1866, and leased in perpetuity from February; 1869, to C. H. &
D. Co., the lessors to receive all surplus after expenses and bond interest.
Gross earnings in 1880-31, $224,649; not. $35,989; interest liability,
$43,120; deficit, $7,131. Capital stock. $382,690; funded debt, $625,000; total (cost of property), $1,007,600.
Cincinnati Richmond d Fort Wayne.—Dec. 31,1880, owned from Rich¬
mond, Ind., to Fort Wayne, Ind., 83 miles; leased, 8 miles of Pittsburg
Fort Wayne & Chic.; total operated, 91 miles.
Chartered in 1853 ana
opened in 1866. Leased for 99 yoars to Grand Rapids A Indiaua; in¬
terest is guaranteed by thelessees and by tho Pennsylvania Company
and. Cincinnati Hamilton A Dayton Company, jointly. Gross earnings
in 1880, $372,763; net, $88,494. Loss to guarantors, $72,021. Capital
stock. $1,708,621. Total advanced by guarantors, $650,744. (V. 32, p.
Cincinnati New Orleans d Texas

ized to operate the Cincinnati
Oct. 12 to Dec. 31, 1881, gross
Tlico. Cook, President. (V. 33. p.

499.)

Cincinnati Sandusky d Cleveland.—June,
dusky, O., to Dayton, O., 154 miles; bran oh,

30, 1881, owned from

San¬

Carey to Findlay, 16 miles;
leased, Columbus Springfield A Cincinnati, 44 miles; total operated, 214
miles, less the division between Springfield & Dayton, 24 miles, which is
leased to and

operated by the

Cincinnati & Indian¬
funded from June, 1877.
bonds in trust. The
was dis¬
made to the Indiana
this company takes
amount in any one

Cleveland Columbus

Six coupons on 2d mort. bonds were
Tbc preferred stook has a lien by deposit of old
Receiver, after a tliroo years’ possession of tho property,
charged January 1880. In Anril, 1881, a lease was
Bloomington A Western. By the terms of tho lease
33^ per cent of its gross earnings as rental; but the
apolis.

than $220,000 nor more than $500,000, and
of coupons and coupon certificates out¬
standing. Gross earnings prior to 1881 were as follows: 1876-77,
$655,421; 1877-78, $647,202; 1878-79, $655,300; 1879-30, $735,576.
For 1880-81 the income account was as follows:
Expenses of operating... .$470,486
to Portsmouth, O.. 40 miles. Narrow gauge and bonded at $6,000 per Gross earnings of road, 10
Int. on
scrip, Ao... 181,906
mile; bonds offered in 1881 in Boston.
months
$619,114 Sinkingbonds,trustees
fund
10,181
Rental C.C.C.AI., 10 mos
81,097 Dividends on pref. stock. 25,731
Cincinnati Indianapolis St. Louis d Chicago.—Juno 30, 1831, owned
Rental I. B. & W., 2 mos..
36,66G Rental C. S. A C., 10 mos. 66,666
from Cincinnati to Lafayette., Ind., 175 milos; Lawrcnceburg branch,
Sale of supplies, Sloano
2 miles; Harrison branch (partly owned), 7 miles; Fairlaud F. Sc M.
133
property, Ac
98,604 Settlement of claims
Road, 38 miles; and Cincinnati Lafayette & Chicago (leased), 75 miles;
total operated, 297 miles. July, 1831, leased the Ver. Grroens. A Rush.
$755,105
$865,482
Total’.
RE, 45 miles, for operating expenses, interest on bonds, etc. Formerly
the Indianapolis Cincinnati & Lafayette, Swliich was a consolidation in
Bal., dec. of floating debt.$110,376
1876 of the. Indianapolis & Cincinnati and the Lafayette A Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati -(V. 32, p. 15, 334, 420.)
<fc Indiana Railroad. On August 1, 1876, a receiver was appointed,
Cincinnati d Springfield.—Dec. 31, 1881, operated from Dayton, O.,
and the road was sold in foreclosure Feb. 2, 188Q, and this company
to Cincinnati, O., 80 miles, of which 24 miles wore leased from Cincin¬
organized. Of the $7,500,000 new bonds $6,885,000 was reserved, into nati San. &. Clcv. RR. Tho whole is leased and operated by Clev. Col. Cinwhich all of tho old-bonds prior to the Indianapolis Cin. A Laf. 7s of Sc Ind. Co., giving them a lino into Cincinnati, and depot aocommoda.
1869 could ho exchanged at par. The other securities were provided tion. Lessees apply any excess over rentals to C. A S. stock. Interest
for as follows: The7s of 1869 reoeived 70 per cent of their face in now is guaranteed on the first mortgage, one-lialf by tho lessees and one-half
stook, and tho funded debt 7s, or preferred stock, 40 per cent. This by L. Shore & Mioh. Southern. Stock is $1,100,000.
left a balance of now stock of $2,029,045, which, with the balance of
Cincinnati Wabash d Michigan— Dec. 31, 1880, owned from Goshen,
new bonds, $615,000, was offered as follows: To the 7s of 1869, 10 per
bonds and 30 per cent in stock for 10 per cent cash; to tho Ind., to Anderson, Ind., Ill inilos. Road, as now existing, opened in
cent m
Nov., 1876. Transferred to trustees Jan. 1,-1878, and sold Nov. 5, 1870,
funded debt 7s, 20 per cent bonds and 60 per cent in stock for 20 per
to said trustees, for account of bondholders. New company organized
cent cash; to tho common stock, 2 per cent bonds and 6 per cent in
stock for 2 percent cash. In July,*1881, $2,000,000 new stock was sold April, 1880, under name of Cincinnati Wabash A Michigan Railway.
Total stock authorized. $3,000,000. Seo annual report for 1880 in V.
stockholders at 70, and proceeds used to extinguish floating debt 32, p.525. (V* 32, p. 525.)
($1,060,000); also, $300,000 contributed towards a now line to Seneca
Clarion Mahoning d Pittsburg—Road projected from Warren, Pa„ to
and balance used for other purposes.
Second annual report of new
company in V. 33, p. 501. Operations and earnings for five years were: Pittsburg, 150 miles. Total issue of bonds, $4,500,000; offered in Feb.,
1882. See V. 34, p. 79 and advertisement. S. S. Jackson, President,
Passenger. Freight (ton)
Gross
Net
Brookvillc, Pa.
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
Cleveland Akron d Col ambus.—Dec. 31,1881, owned from Hudson, O.,
38,803,669 $1,311,210 $490,810
194
19,244,431
494,388 to Columbus, O., 144 miles; leased, Massillon to Clinton, 12 miles; total
1,309,087
41,000,163
-----1877-8....
194
18,971,743
507,920 operated, 156 miles. Operated by Pennsylvania Company.
1,342,701
Default
50,225,000
191
1878-9....
17,689,617
491,487 was made July, 1874, by Clcv. Mt. V. Sc Del. Foreclosure Ruit begun
1,761,242
105,567,662
300
27,839,061
961,490 Juno, 1880, and Mr. G. A. Jones, of Mt. Vernon. O., appointed Receiver
2,365,058
297
29,870,496 128,936,363
in Sept.. 1880. Sold in foreclosure August 20, 1881, to II. W. Smithera,
-(V. 32, p. 134, 552; V. 33, p. 153,468, 501,502, 588.)
for $1,142,000, and now company under above name took possession
Cincinnati d Muskingum Valley.—Dm. 31, 18S0, owned from Morrow, Dec. 1, 1S81. Road has no bonded debt. (V. 33, p. 124, 225, 468, 588,
715.)
Junction, O., 148 miles. Chartered as Cinn. Wilm. AZanes.
in 48ol and opened in 1857.
Cleveland\ Canton Coshocton d Sira its vLite.—This road is owned in the
Sold under foreclosure Oct. 17,1863, and
reorganized as Cincinnati A Zanesville March 11, 1864.
Sold again interest of the Connotton Valley. In Mar, 1881, an increase of stock
from $800,000 to $2,000,000 was voted.
p. 468.)
Tnn
HG9» aT1(^ C. & St. Louis, lessees to pay all expenses yearsinter* Cleveland d Mahoning Valley. -Deo. 31, (V. 33,pwnod from Cleveland,
*° **• reorganized as at present. Leased for 99 and from
1881,
earnings to inure to the lessors. Gross earnings m O., to Sharon. Pa., 81 miles; Niles. O., to New Lisbon. O., and branches,
iQQia®L£XC08S
^881, $39,>,321; net earnings, $20,275; interest paid, $105,000; deficit 46 miles; toial operated, 127 miles. Chartered in 1848 and opened in
advanced by lessee, $84,725. Capital stack, $3,997,320. (V. 32, p. 498.)

for




year shall not be less
there arc also about $328,000

*

.

.

.

Subscribers will confer a great favor

For explanation
.

of column headings, Ac., see notes

on

first page of tables.

mortgage (now’ 1st)
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Cleve. Tuscar’s Yal. <£• Wheeling—1st M., (L.S.A T.V.)
1st mortgage, new, prior lieu
2d mortgage, new . 7
E. A B.,^lst mortgage
Cleveland Youngstown <£ Pittsburg— 1st mort., gold
Oolebi'ookdale—1st mortgage
Colorado Central—1st mortgage, new
Columbia <£ Greenville—New mort.,g’ld,coup, or reg
4th

781

2d mortgage
Columbia <£ Port Deposit—1st mortgage
Columbus Chicago <£• Indiana Central-Stock
1st M. (consol.) Columbus, Chic. A Ind. Central..
do
Chic. A G’t East. (Chic, to Logansport)
do
Col. A Ind’polis Cent. (Col. to Ind’s, Ind )..
do
Union A Logansp’t (U’n City to Logansp’t)
do
Tol. Logansp’t A BurljLogaiisp. to III. line)
do
Col. A Ind. com.,lstA2d pf.(Col. to U’n City)
do
Cinn. A Chic. Air Linc(Riehm’d to Logans.)
2d M. Col. A Ind’polisCent. (Cov. to Union City)..
do
Chic. A G’t East, construe. (Chic, to Rick’d)
do
Columbus, Chicago A Ind. Central
Tne.qme n.onv., Col. Chic. A Ind. Central
?)?/.«

A Burlington)
..

Date
Size, or
Par
of
Road. Bonds Value.

Miles
of

....

18
78

164
164
40

1,000

11,244,330
1,096,000
2,561,000

1,000

1,393,000

1,000

2,000,000
700,000
1,372,000

186*2
IS 67
1873
1871
1878

1877
1872
1881
1868
1879
1881
1881
1868

,

.

1,000
1,000
1,000

1,000
100

1,000

588
117

1868

208

1864

93
61
102
107

1865

208

....

....

....

1864

....

....

....

8,995,000

1870

111
111
118
118
83

100

1881
1867
1872
1875
1880
1879

1,000
500 Ac.
1.000

1,000
1,000
1.000

New Philadelphia, 33

Net
Div.
Earnings, p.c.

$890,582
1.039,172
966,112
1,151,780

7

1,275,488

7

7
7
7

Cleveland Tuscarawas Yal. <& Wheel.—Jan., 1881, owned from Black
River, O., to West Wheeling, O., 158 miles. Chartered as Lake Shore A
Tus. Val. in 1870 and opened in 1873. Sold under foreclosure Jan. 26,

1875, and reorganized under present title. The new first mortgage is a
prior lien by consent of all the mortgage bondholders. Gross earnings
in 1879, $474,525; in 1880, $596,399. ^ Net earnings in 1879, $165,482;
in 1880, $214,303.
Interest liability, $297,640 per annum. Capital
stock, $1,197,950.

Pittsburg.—Narrow gauge road in progress
miles, including branches,
In Dec., 1881, over 25 miles
completed. Henry W. Ford, President, 5 Cortlaadt St., New York.

Cleveland Youngstown dt-

from Alliance, O., to Brimfield, about 100
and crossing several narrow gauge roads.
were

Stocks—Last
Dividend.

A
A
A
A

N. Y., Farm. L. A T. Co.
do
do
J.
do
no
N.
J.
do
do
0.
Cleveland, Ohio.
O.
J.
N.
J. N. Y., Central Trust Co.
D.
Phila., Co.’s Office.
D. Boston, Treas.’s Office.
Col urn hi a, S. C.
J.
do
do
O.
A.
Phila., Penn. RR.

7
7
7
7
7
7
7
7
7
7
7
7

5 g.
7
7
7

M.
A.
J.
F.
M.
M.

Mcli. 1, 1882

A.. A 0.
N. Y., 57 Broadway.
Various
do
do
J. A J.
do
do
A. A O.
F. A A. N.Y., St. Nicholas N.Bk.
do
do
J. A J.
N. Y., 57 Broadway.
Various
do
do
M. A N.
J. A J. N.Y., St. NicholasN.Bk.
do
do
F. A A.
do
do
F. A A.
do
do
F. A A.

1,584,000

(V. 32,

Where Payable, and by
Whom.

J.
M.
J.
A.
A.
J.
M.
J.
J.
J.
J.
A.
F.

2,474,000
383,000

Cleveland, 0..to Roch¬

2,699,290

57,545
1,500.000
10.217,000
(?)
1,500,000
1,000,000

....

afterward.

Gross
Freight (ton)
Earnings.
Mileage.
108,664,100 $2,282,030
2,330,834
133,991,706
2,272,167
143,114,623
2,418,516
164,675,804

172,535,850

23,200
120,000

....

....

miles; Yellow Creek tojlellaire, 43 miles; leased, Rochester to Pittsburg
(P. Ft. W. A C.), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dec. 1, 1871, to Penn. RR. Co., and lease trails:
ferred to Penn. Co. 3Iay 1, 1872. Rental, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees assuming all lia¬
bilities. The terms of the lease were 10 per cent, but the old stock was
subsequently converted into 7 per cent by an increase in amount.
Operations and earnings for live years past were as follows:

Passenger

715,000
510,500
372,000
113,000
821,000

....

....

Cleveland <t Marietta.—June 30, 1881, operated from Marietta, O., to
Canal Dover and branch, 99 miles.
This company was organized as
successor of the Marietta Cleveland A Pittsburg, which was foreclosed
June 13, 1877. Isaac Morton, President, Cambridge, O.
(V. 34, p. 52.)
Cleveland d: Pit tsb.—Dec. 31, 1880, owned from
ester, O., 121 miles; branches—Bayard, O., to

2,632,000

....

....

1863

m.

2,526,000
2,000,000
1,000,000
1,882,000
13,938,972
10,478.000
221,000

....

537

When

Payable

6
7
7
7
7
7
7
G g6
7 g.
6 g.
6
7
.

600,000

....

314

.

10,000 p.

100AC.

314

January, 18S5, and $112,000 per year

Miles.
Mileage.
226
19,844,913
226
15,640,607
226
14.853.524
226
16.624.524
226
18,083,711

Bonds-Prlnc£
pal .When Due.

Q.-M.

134

180.000

1,000

588

224

Rate per
Cent.

Outstanding

$1,547,000

1851. It was leased to Atlantic A Great Western in perpetuity from
October 1, 1861. A new lease was made to the reorganized company,
New York Pennsylvania A Ohio, till Oct. 1, 1962, at $357,180 per

Years.

Amount

50
500

.

.

Mocking Veiling d- Toledo—Stock

mortgage, gold (for $14,500,000)

225
199
199

....

1st mortgage, sinking fund bonds
2d mortgage bonds
Columbus A Toledo, 1st mortgage coupon, s. f
do
2d mortgage coupon, s. f
Ohio A W. Va., 1st M. (s. f. $1 5.000 begins in ’86)

year till
p. 333.)

notice of any error discovered in these Tables.

$....

Cleveland, d'• Marietta.—Stork
Cleveland c£ Pittsburg—Guaranteed stock

Income (Toledo, Logansport
Union Trust Co. eertiffeiites

by giving immediate

[Vol. XXXIV

INTEREST OR DIVIDENDS.

DESCRIPTION.

Consol,

AND BONDS

KAILKOAD STOCKS

XXVI

A
A
A
A
A
A

A
A
A

„

Jan., 1892

Nov. 1, 1900
Jan. 1, 1913
Oct, 1, 1901
Oct. 1, 1898
April 1, 1907
May 1, 1892
July 1, 1921
June 1, 1898
Jan.

1, 1916

April 1, 1926
Feb. 1, 1893

April, 1908
1893 A ’95

Nov.,
Dec.,
Feb.,
Dec.,

1904
1905
1884
1883

1886 to ’90

Nov., 1904
Feb., 1890
(?)

7

7

A
A
A
A
A
A

S.
O. N. Y., St, Nick. Nat, B’k
J. N. Y., Winslow, L. A Co.
I
do
do
A.
S. N. Y., St, Nick. Nat. B’k. !
1
do
do
N.

Sept. 1. 1931
Oct.
Jan.

1, 1897

1,
Aus. 1,
Sept. 1,
May 1,

1892
1905
1900
1910

est on $15,000,000 first mortgage bonds of the C. C. A
and $821,000 of the second mortgage bonds of the Col. A
The lessees also agree to pay the interest as it accrues on

I. C. Ry. Co.,
Ind. RR. Co.
these bonds.
Any net earnings remaining after the payment of this interest arc to be
applied to the payment of interest on the second mortgage 7 per cent
bonds to the amount of $10,000,000 (or outlie preferred stock into which
these last bonds may lie converted), to pay to a sinking fund of one-half
of one per cent on the $15,821,000 referred to, and to apply any balance
to dividends on common stock. In August, 1874, default was made oil the
$5,000,000 seconds, and April 1, 1875, defaulted on lirst mortgage. In

the suit between lessor and lessee, Judge Harlan decided the debt must be
reduced to the limit—(See bondholders’ report, V. 29, p. 656.) Pursuant
to this decision, the debt was substantially reduced as required, and the
tinal decision of Justice Harlan in Jan., 1880, ruled, in substance, that
the Col. Chic. A Ind Cent. Co. had performed its covenant of the lease in

reducing the bonded indebtedness of the road; that the Penn. Company
(guarantor of the lease) was

entitled to $1,258,000 of convertible income

bonds for the same amount of second mortgage bonds of the Col. Chic. &
Ind. Cent. Co., together with $572,390 accrued interest; that on the 1st
of Jan., 1880, there was due and unpaid, as rent, hv the lessees, $3,356,855; hut they are entitled to a total deduction of- $587,281, leaving the
nor amount due totlieC C. & I. C. $2,769,574, save as of tenants accepted,
and the trustees are entitled to receive 6 per cent interest thereon from
Jan. 1,1880, till paid, hut none before that date; that the lessees shall ho
bound under the lease to pay to the trustees and their successors, so long

their receivership shall last, as rental for the premises of the C. C. &
cent of the gross earnings of the road, and in case they fall
short of $1,107,470 (7 per cent interest on $15,821,000 of bonded indebt¬
edness) in any one year, then the deficiency shall he made good by the
lessee. That, the lessee was entitled to receive from the C. C. & I. C.,
on its claim for betterments, income bonds to the amount of $660,000.
From this decision the Pennsylvania RR. appealed to the U. S. Supreme
Court.
In Jan., 1881, a compromise was pending by which the Penn.
Company issued new bonds to buy up the.C. C. A I. C. bonds. (See V.
p. 122.)
There is also on record a judgment for $932,500 oil
Newcastle A Richm. RR., 1st mort. bonds, with interest, ahead of the
consolidated mortgage.
As to the terms of preference of the income convertible bonds, the
mortgage reads as follows: “4. Whenever in any year said interest
fund is not sufficient to pay in full flic interest and dividends
on said outstanding convertible bonds and said preferred stock, the
interest fund shall be apportioned ratably on all of said bonds
stock, and the balance of said interest and dividends unpaid shall stand
as

I. C., 30 per

32.,
$298,000

aforesaid
said
and

charge upon, and to be paid without interest out of, an interest fund
accruing in any subsequent year.”
In the Chronicle of July 30, on page 12 l,was given an account of cer¬
tain proceedings of the bondholders of this company. The permanent
committee appointed at the bondholders’ meeting called upon Messrs.
Isclin, Whitewrightand Wilson to turn over to it the bondholders’ assets.
Messrs. Julius Wadsworth, Henry Morgan, George Smith and Peter
Geddes, bondholders, then began a suit in the Supreme Court to restrain
the new committee from acting in any way as the representatives of the
bondholders, and to restrain all other parties from recognizing them as
such. A temporary injunction in the case was obtained from Judge

as a

Colcbrookedale.—Nov. 30. 1887, owned from Pottstown, Pa., to Barto,

Pa., 13 miles. Chartered in 1865 and opened in 1869. Leased for 20 years
from Jan. 1,1870, toPliila. AfRead at 30 p. e. of gross earnings. In June,
1880, default was made on bonds. Gross earnings in 1880-81, $59,977;
net earnings (30 per cent rental), $17,693. Payments—interest, $36,000,
and other, $479. Capital stock, $297,215; funded debt, $600,000, and
floating debt, $40,610; total liabilities. $937,825. Construction ($51,440
per mile), $668,797, and profit and loss, $327,619.
,

Columbia & Greenville (S. C.)—This is the reorganization of the Groenville A Columbia road. The Company owns from Columbia to Greenville.
8. C., 143 miles; branches to Abbc.ville and Anderson, 21 miles; total, 164
miles. Also owns Laurens RR., 31 miles; and leases Blue Ridge RR.,
32 miles, and Spartanburg Union A Col. RR., 68 miles. Total operated,
296 miles. In 1878 a Receiver took possession and the road was sold in
foreclosure April 15, 1880, and reorganization was made, with bonds
as above; and preferred stock, $1,000,000 ; common stock, $1,000,000:
all in $100 shares. The gross earnings from October 23, 1*80, to Octo¬
ber 1, 1881, were $645,920: net, $263,194.
Six per cent paid on prof,
stock, Dec., 1881. (V. 33, p. 201, 468, 687.)
Colorado Central.- Dec. 31,1880, owned from Cheyenne,Wy.,to Denver
(standard gauge), 133 miles; and Golden to Central City, 40 miles; find
Torka Greek to Georgetown, 25 miles; total 3-foot gauge, 65 miles; total
operated, 198 miles. Chartered in 1865, and main line opened in 1870.
It is owned by the Union Pacific. The new mortgage bond was issued
to take up the old 8 per cent bonds. Stock, $3,971,000.

Columbia & Port Deposit.—Dee. 31, 1881, owned from Columbia, Pa., to
Port Deposit, Md., 4o miles. Leased to and operated by Pennsylvania
RR. Co. Rental, net earnings. Net earnings in 1880, paid to lessors,

Capital stock. $198,827; funded debt, $1,882.000,and floating
debt, $452,830; total liabilities, $2,833,657. Cost of property, $1,722,117.

$20,675.

Columbus Chic. <6 hid. Cent.—Dec. 31,1SS1.

owned from Columbus, O.,

Indianapolis, Ind., 187 miles; branches—Bradford Junction, O., to
Chicago, Ill., 231 miles; Richmond, Ind., to Anoka Junction, Ind., 102
miles; Peoria Junction, Ind.. to III. State Line, 60 miles; total operated,

to

This provides
A Indiana
property thus
satisfactory, and

approved by a majority of bondholders Feb. 11.
that the consolidated mortgage of the Columbus Chicago
Central Railway Company shall.be foreclosed. That the
sold shall be bought in, if it can be obtained on terms
the purchasers shall form a new corporation to take the
was

property, with

preferred

capital of $10,090,000 in common stock and $20,000,000 in
stock; the latter to he entitled to dividends, if earned, at the rate ot 6
per cent, per annum, and to be cumulative. That the new corporation
shall issue its first mortgage bonds for $22,000,000, payable at the end
of fifty years, in gold coin, with interest at the rate of five per cent, per
annum, Ac., Ac.
Operations and earnings for live years past were as
a

follows
Years.
1876...
1«77...

.

.

Miles.
581
581
581
580
581

Passenger
Mileage.

Freight (ton)
Mileage.

37,754.467

274,953,224
254,492,612

31,795,297

305,019,182
32,132,185
402,856,462
1379
33,907,484
441,353,949
41,432,531
1880
(V. 32, p. 122. 1 55. 231, il l, 498, 636; V.
715 ; V. 31, 1>. 176, 201.)
D
.

.

.

—

Gross

Net

Earnings.

Earnings.

$3,457,716

3,396,255
3,433,605
3,911,26.1
4,795,771
46, 121,

$.106,608

455,340
411,514

716,300
726,260

357, 641

580 miles. This company was formed Feb. 12, 1868, by consolidation of
the Col. & Ind. Ccn. and Chic. & Gt. East, railroad companies, and was
leased to the Pittsburg Cin. A St. Louis Railway Co. February 1, 1869,

by whom it was operated during the last two years, under direction of the
U. S. Circuit Court, for account of Receivers of the C. C. A I. C. Ry.
Co. The lease stipulated that the lessees should maintain the road and
equipment, operate it. and pay over to the lessors 30 per cent of the
gross earnings,. Also, that the rental should always be equal to the inter¬




companies were purchased and new consolidated m..a
$20,000,000 made, of which the above was issued. Ot the consoiiaaieu.

of those

mortgage $6,500,000 is reserved to meet
Trust Co. cf New York is trustee. See V.

the prior liens.

Inc

33, p. 46, 100, 2-a,

1882.J

FiBKITABT,

XXTU.

AND BONDS

RAILROAD STOCKS

Bonds—Princi¬

DIVIDENDS.
pal, When Due.
Whero Payable, and by Stocks—Last
Dividend.

INTEREST OR

DESCRIPTION.
explanation of colirnm headings,
p
on fir8t page of tables.

For e
x or

Miles
of

&c., see notes

45
55
55
141

Concord & omitemom

- --------

-

--

^Connecticut Central—Istm. for $400,000, cp. orreg.
Connecticut d Pfls^tmpsfc-Stock
mortgage

Newport A Riehford bonds
Connecticut Hirer Stock

Conn. A Pass

'-.

1875
,.

...

1373
1870
1831

50
7

...

1,500,000

7
5
7

50
500 Ac.
100
500 &c.
100
100 Ac.
100

500,000
350,000
325,000

350,000

2,100,000

100

1831

1,000

1800
1808

991,000
2,000,000

1,000
1,000

1,090

2,720,000

1879-S0 1870S-39O.

Connotton TalleyConnotton Talley d
Corning Coicanesquc

1,000

500,000
803,500
594,000

50

1,777,850

04

38
38
11.0
52
52

....

....

Danbury d Komcalk—Stock

anil 2d mortgages
Consolidated mortgage
Danv.Olncyd O.Hiv.—lstM.(for$330,000)

—...(

1st

....

cp. orreg

Michigan—Com. stock (3*2guar. C.H.AD.;
Preferred stock, (8 percent, guar. C. II. & D.)

Dayton d

2d mortgage
3d mortgage

guar,

Consol, mortgage,
Income

Dayton d

mortgage

j
j
i

by C. 11. & D

bonds

Western—1st M., guar. L.

M. and C. & X.. |

1*4
2
7
7
5

426,000
351,000

1,898.000

7

225,000
220,000

6
6 A 7

495,000

A
A
A

M. A S.
M. A N.

Quar.

N. Y.,

Union Trust Co.

Sept. 1, 1901
Mar.

N. Y., Am. Exch. N. B’k
Bost. AMancliester,N.II.

Nov.

Treasurer’s office
Bost.AManehester.N.H.

Bost.,

New

York City.

Boston, Office.
do
do

Sept.

10,1882
1, 1890
1, 1881

1894
Jan. 2,
Oct. 1,
Feb. 1,

1882
1895
1882

April 1, 1893
Feb. 1,. 1882
Jan. 1, 1890
do
Jan. 1, 1911
do
Bostou, Bost. A Alb.RR. Jan. 2, 1882
Pliila., Penn. RR. Office. lOOO-’l-^-’S-^
Nov., 1910
Boston, Agency.
May 1, 1911
Boston, Agency.
July 1, 1885
New York, Co.’s Office. March 1,1891
May 1. 1888
do
do
Jan., 1882
Pliila. and Carlisle, Pa.
Phila., T. A. Biddle A Co April 1, 1904
April 1, 1908
do
r do
Jan, 1, 1884
do
do
Dec. 1, 1881
New York and Danbury
1920, ’90, '92
N. Y„ Nat. City Bank.

the coal fields of New
Athens—tho whole dis¬
tance from Canton to Athens being i3G miles. The Connotton Vallov is
the nearest coal field to Cleveland, and Us rapid development, which is
already sufficient to supply Cleveland with 1,500 tons a day, on the
opening of the railway will supply an enormous and most remarkable
freight over that part of the line.
Through arrangements already
made, capital to the amount of $2,000,000 is being directed to the de¬
velopment of mines in these different districts in the iuierest of this
railroad, and the development will he such as to supply the road
with at least 3,000 tons a days, as soon as the company is in posi¬
tion to carry that amount. For the purpose of completing this road,
furnishing sidings, freights houses and ample equipment, it is proposed
to issue $2,720,000 first mortgage 7 per cent 30-year bonds, principal
and interest payable in Boston. Coupons May and November 1. For
each cash subscription of $950, the subscriber will receive $1,000 first
mortgage bond and two shares C'ohnotton Valley Railway stock.”
Corning Coivancsquc d• Antrim.—Dec. 31,1380, owned from Corning,
Operations, earnings, and income over rentals, Ac., for four years past N. Y., to Antrim, Pa., 53 miles; branch, Lawrenceville to Elkland. Pa.,
Div.
Net
were as follow
11 miles; total operated, 91 miles.
Consolidation (Jan., 1873) of tho
Gross
Passenger Freight (ton)
Earnings. Earnings. p. e. Blossburg Sc Corning RR. and the Wellsboro RR. Juno 1, 1874, the
Mileage.
Mileage.
Miles.
10 Cowanesque Valley RR. was absorbed. These lines are leased to and
Years.
$771,171. $340,454
10,850,140 21,03 LOGO
10
1877-3...: 1 12
318,847
operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
733,004
21,009,056
10,530,508
10
1878-9.... 112
340,732
870,038
$35,000; 9 per cent on common stock, $34,000, and 7 per cent on pre¬
29,000,83 1
11,081,309
1 L2
10
1879-SO.
302,008
ferred stock, $35,000; total rental, $119,000 a year.
Stock—common,
955,000
13,113,217 30,295,33 4
142
1880-31
$1,400,000, and preferred, $500,000; and 7 per cent bonds, $375,000.
254, 357.)
Annual drawings of $20,000 commenced in 18S0.
-(V. 32, p. 610; V. 33, p. 225,
Cumberland d Pennsylvania.—Hoc. 31,18S0. owned from Cumberland,
Concord d Claremont.—March 31, 1881, owned from Concord to Clare¬
mont, N. II., 59 miles; branch. Contoocookville to Hillsborough, N. II.. ?Id., to Piedmont, Mil., and several branches, 55 miles; almost all steel
It is owned and operated by Consolidation Coal Company, which,
15 miles; total operated, 71 miles. Consolidation of several small roads rail.
guarantees second mortgage.
in 1873. Gross earnings in 1880-81, $110,570, and operating expendi¬
Cumberland Talley.—Doc. 31, 1830, owned from Harrisburg, Pa., to
tures, $91,791; net earnings, $48,779.
Capital stock, $110,900, and
bonds, $500,000; total stock and bonds. $910,000.
Original cost of Potomac River, Md., 82 miles; leased—Martinsbufg A. Potomac Railroad,
12 miles; Dillsburg A Meehaniesburg Railroad, 8 miles; Southern
property, $1,850,000. Floating debt, $251,215.
Concord d; Portsmouth.—March 31,1878, owned from Portsmouth, N. Pennsylvania Railroad. 23 miles; total operated, 125 milos. Char¬
H., to Manchester, N. II., 40Lj miles. The road was sold to .first mort¬ tered‘in 1831. Main line, Harrisburg to Chambersburg, completed in
1839, and extended to the River in 1872. Owns or leases several factory
gage bondholders in 1857, and leased to Concord HR. in 1858. Lease
rental is $25,000 a-year, which gives 7 per cent a year to present stock¬ roads, in all about 43 miles. The stock is owned in large part by Penn¬
sylvania Railroad Company. Last annual report V. 30, p. earnings for
holders. There is no debt.
Operations and 297.' Large

Cincinnati.—June 30, 1881, owned from Col¬
umbus, O., to Springfield, O., 44 miles. Opened in 1872. Leased to Cin¬
cinnati Sandusky & Cleveland for 40 percent of gross earnings up to
$120,000. and 50 per cent of all above that amount. Rental for year
ending June 30, 1880, $15,599. In 1880 the balance sheet sho wed
capital stock, $1,009,000, and bonds, $1,000,000.
Columbus & Xenia.—Dec. 31,1881, owned from Columbus, O., to Xenia,
O., 55 miles. Is operated as a division of the Little Miami, and is leased
for 99 years in connection with that road to the Pittsburg Cincinnati &
St. Louis, which pays 8 per cent on stock and provides for the bonds.
The lease is guaranteed by the Pennsylvania.Eailroad Company. The
Columbus A Xenia pays 825 per cent dividend per annum.
Concord.—March 31,1831. owned from Concord, N.IT., to Nashua, N.II.,
35 miles; Manchester A North Weave, 19 miles; Ilookset Branch, 7
miles; leased—Concord A Portsmouth, -11 .miles'; Suncook Valley, 20
miles; Nashua Acton Sc Boston, 20 miles; total operated, 142 miles.
Springfield d

Columbus

'branch, through Coshocton
Straitaville, and through the

and Zanesville to
Hooking Valley to

.

.

.

..

i

.

from East Hartford,

Ct.
7
8
.miles; total operated, 35 miles. Leased to New York Sc New England RR.
from June 1, 1880. Capital stock, $148,500; funded debt, $325,000 (all
owned by Now York A New England Railroad); and bills, overdue cou¬
pons, Sec., $29,019.
Connecticut d: Passumpsic
June 30, 1831, owned from White River
Junction. Vr., to Canada Line, 110 miles; leased, Massawippi Valley
and branch (Canada), 37 miles; total operated, 147 miles. Chartered
in 1835. Completed in 1893. The lease of Massawippi Railroad is at
6 per cent on bonds and same dividends as are paid on the stool: of t he
lessee. Abstract of last report in V. 33, p. 327. The new mortgage of
$1,500,000 retired previous issues. Operations and earnings for four
Connecticut Central—Sept.

30, 1881, owned

branch from Melrose to West Street, Ct.,
Springfield A New London. Springfield to State Line,

Line, 20 miles;

—

years past were as
Years.

...

..

follows:

Miles.
117
147
147
147

Passenger
Mileage.

Freight (ton)

4,40 4,983
4,400,575
0,174,878
0,117,700

8,179,341
8.574,443
1 3,670,452

Mileage.

[19,720,002

Net

Gross

IEarnings. Earnings.
$222,590
!$5 53,0 i 2
219,695
5 11,142
220,139
057,547
311,105
774,140

advances have
live years past
Years.

-(V. 33, p. 327.)

Passenger

Mile*.

Mileage.

125 7,31 1.949
125 5,899,532
125 5,419,229
125 5,295,292
125

Miles
1879-7.... 3 4
34
34
34
34

Years.

roads,

Freight (ton) Cross

Mileage. Earnings.

•

Div.p.c.—s

Net

Earn’gs.'

Prof. Com.

10,531,250 $517,991 $239,351
11,092,510 519,851 254,253
11,030,907 539,410 221,985
12,435.385 503,597 294,900

rosa

Passenger

Mileage.

2,491,373
2,557.337

2,481.839

3,301,299

Mileage.

Earnings.

Earnings,

903,381
932,93 l
1,089.909
1,308,397

$195,245

$43,371

1,228,823

1 57,953
101,230
■

39,007

p. c.
....

2

18t, 407

195,103

83,311

5

in progress

from

in

212

are

“

■I

Danville,

1381 by R.

Bonds offered
with each $1,000

bond.
1381, owned from Dayton, O., to
Leased in perpetuity to the
Cincinnati Hamilton A; Dayton. In March, 1881, voted to issue a 5 per
consol mortgage-bond. There are also $53,000 Toledo Depot bonds
000. The bonds
issued in series ABC and D, mat
due 1SS1 and 1891.. Of the common stock $1,010,000 only is guar¬
in lOOO-’l, ’2, ’3 and ’4.
*
anteed 3Lj by C. II. J). Ti-.'S'i in 1830-81, $13,078. The lessees hold
Connotton Valley.—This road is in progress from Bowerston to Clove
$1,398,100 of the common stock. (V. 32, p 312.)
.and, Ohio, and when completed it will be 118 miles long, narrow gauge,
Dayf>ai d: Union.—June 30.1878, owned from Dodson, O., to Union City
End., 32 miles; leased Davton to Do.Ison, 1.5 miles; total operated, 47
miles. The Greenville A..Miami RR. was sold out Oct. 30, 1872, and re¬
organized as now Jan. 9, 1893. Operated by trustees since Dec., 1871.
Capital stock, $89,300; funded debt, $187,4 45, anil other liabilities,
352,3JO; total, $929,135. Property account, $020,224. (V. 32, p.
Dayton d Western.—D<*c. 31, 1331, owned from Dayton, O., to Rich¬
Connotton Talley d. Slraifsvil'c.-Thc
mond, Ind., 41 miles. Leased in perpetuity from Jan. 1,1803, to Little
stated:
For the purpose of extending 11 c Cm mouon
||tyillc rr| Miami, and carried with that road in the general lease to the P. C. A St..
this company has purchased the
it % connected with Louis. The lessees are virtual owners and are answerable for all obli¬
This railroad extends from Canton, Ohio,
it »»
“_
u
gations.
■k
• ’ ,
Cleveland by the Connotton Valley Railway Company, ot wniui

13:)
Connecting (Philadelphia).—Dec. 31, 1831, owned from Mantua Junc¬
tion to Frank ford Junction, Pa., 7 miles. A connecting link in Pliila.
uuipiii;* u> me west
dolphin to the West and South. Operated by PennSouth, operated
Pennsylvania Railroad
Rental. 9 per emit, on ennitni Kt< w>ir $1,278,300: unu li
0 per cent on capital stock,
‘ion*, and landed debt, $991,iaturiug respectively

<

3

35.318
00.079

3.003,8 23
T. 34, p. 1 ’6.)
—(V. 33, ]>. 559
Danville Olncy d: Ohio Hirer.—This road is
III., south to Gluey and Noble, 10 miles.
M. Raven & Co., at par, with $500 stock given
(V. 33, p. 124).
Dayton <£• ?lichigan.—March 31,
Opened in 1^02.
Toledo, O., 141 miles.
..

Springfield. Masmiles; leased Ashuclot RR.,
total operated. SO miles.
dividends on stock and

Connecticu t Hirer -Sept. 30, 1881. owned from
South Vernon, Vt., 50 miles; branches, 9
S. Vernon, Vt.. to Keene. N. II.. 24 miles;,
Net income 1880-SI. $230,051. Pays 8 per cent
has paid off all the debt. (V'. 33, p. 502, 5 G1, 7

been made "to branch
were as follows :

12*2 12^
10 10
10 10
1378
1879
10 10
1SS0
539,915 230,199 10 10
-(V. 32, p. 311.)
Danbury & Tor walk.—Sept. 30, 1381, owned from Danbury, Conn., to
South Norwalk, Conn., 24 miles: branches to Ridgefield and llawleyville,together 10 miles; total operated, 3 l miles. An extension to Long
Island Sound is to be made. Opened in 1852. Dividends have boen
irregular. Operations and earnings for five years past were as follows:
Net
Div.
O
Freight (ton)

1375-0.....
1879-7

..




h

.

to Mass. Stale
mileS: leased,

L.

n

A J.
1920
do
do
A J.
N. Y., Farm. L. A Tr. Co. Jan. 1, 1910
J. A J.
Ian. 1. 1882
A. A O. Cincinnati. 0. H.A D.Co.
Jan. 4, 1882
q.-J. N. Y„ Winslow, I,. A Co.
Sept., 1884
do
do
M. A S.
Oct., 1888
do
do
A. A O.
Jail. 1. 1911
do
do
J. A J.
Dec. 1, 1909
.T. A 1) .N.Y., Am.Exch.Nat.Bk.
After 1910
J. A 1).
N. Y., Am. Exch. N. B’k Jan. 1, 1905.
J. A J.

,T.
J.

6

2,402,573
1,211,250

....

!

7

l1!
7

100,000!

....

A
A

A. A O.
A. A O.
A. A O.

8
8
6

$36,000

....

....

F.
A.
F.
J.
J.
J.
M.
M.
M.

S.
N.
J.
J.
O.
A.
O.
A.
J.
J.
J.
S.
N.
N.

A
A
A
A
A
A
A
A
A

Whom.

Columbus Treasury.

Q--J.

2L2

101,000
109,500
81,800
600,000
400,000 |

500 Ac.
500 Ac.
100 Ac.
50 |
33
33 ’70-’72 100 Ac.!
1380
500 Ac.
1830
100
50
142
50
1871
142
1,000
1807 1
142
1869
1,000
142
1,000
1881
142
1879
1,000
32
1879
1,000
1805
1,000
4i
....

....

0 S’
5
4
6
7 S’
7
7 S’
6
6

400.000

1,000

M.
M.
J.
J.
A.

7
3
7
2

400,000

S.

Q.-M.

3*2

2,244,400
1,500,000

1,000

1881

1364

O

1,780,200
302,000

When

Payable
M. A

7

1,000

130

-Consolidated gold mortgage ....
Straitsvillc 1st mortgage......
d AntHm—1st mortgage
Cumberland d Pennsylvania—1st mortgage
04 mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock ($-184,900 preferred)....
1st mo rtgage
---2d mortgage, sinking fund guaranteed.

$1,000,000

50

....

Rate per
Cent.

Outstanding

$1,000

....

fPhila.)—1st mortgage ------

Connecting

....

38
38
22

(for

bonds, guar, by

do

1874

1800

Amount

Par

Value.

....

110

$1,500,000)
Massawippi st’k, guar, same div. as Conn. & Pass,

New

1871

71
41
29
146

Cincinnati 1st mort

Concord—Stock

Size, or

of
Road. Bonds

Columlms Springfield d
Columbus d Xenia—Stock
! ■

Date

-

cent

.m

-

5m

m

Subscribers will confer a great favor

AND

STOCKS

RAILROAD

xxvm

BONDS.

explanation of column headings,
on first page of tables.

Ac., see notes

Miles
of
Road.

Date
Size, or
Par
of
Bonds Value.

85

Bound Brook—Stock, guaranteed

Outstanding

1875

1st

....

27

mortgage

2d rnort., debenture bonds, reg
Delaware Lackawanna d Western—Stock
Consol, mort., on roads A equipm’t,($10,000,000).
Bonds (convertible June 1,1875 to ’77)
Lackawanna & Bloomsb., 1st mort. (extension)..
Denver Longmont d Northwestern— 1st mort., gold .
Denver d Rio Grande—Stock
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per mile)
Denv.d R.Gr. TTesL—1st, g. ($16,000p. in ),cp.orreg.
Denver South Park d Pacific—stock

mortgage, gold, sinking fund
Consol, mort., gold ($17,000 per mile)
Denver IFcsC d Pac.— 1st M., gold ($30,000 per
Des Moines d Ft. Dodge—1st mort., coup

288

60

•

....

•

294

(?)

i

m.)

All
212
208

87

87
26
189
1S9

mortgage, income

Consolidated mortgage, guar

1853
1, 1851.
Feb. 1851.
Pontiac RR.), Jan. 1853.

Dollar (Oak. A Otta. RR.) bonds, Oct, 1,
1st mort. (Detroit A Pontiac RR.), April
3d mortgage (Detroit A Pontiac RR.),
2d mortgage, (Detroit &

....

65

Detroit Hillsdale d S. TF.—Stuck
Detroit Lansing d North— Stock, common
Preferred stock
1st mortgage
Ionia A Lansing, 1st mort., coup., may be reg

50

1

,

1877
1872
1859

1881

Mortgage on extension ($12,000 per mile)
Del. Gr. Haven d Mil.—1st M., guar.,(lor $2,000,000)

Dubuguc d Dak — 1st M., gold. gu. (payable at
Dubuque d Sioux Gin/—Stock
1st mortgage, 1st division
1st mortgage. 2d division (for
.400.000)

•

195

1st

1st

1875
•

1870
1880
1881

•

•

•

650,000
1,692,000
1,500,000

600,000
370,900

500 Ac.
100,000
f 29,160,000
100
500 <xc.
6,382,500
500 &c. 17,685,000

1,000
1,000

1,000

1,000

1,000
1,000

43

113
7 g.
7

6 g.
4
7
6 g7 g.
0

6,
6

1,000
1,000
....

100,000

1,350,000

1879

1,000

650,000
5,000,000
296,000

7
7
8
7

1*2

1,825,600
2,503,380

1869

100
100
500 <fec.
1,000

1877

....

1S63

1 864

100
500
500 Ac.

opened 1855-1860, and is leased to the P. W. A B. Co.; rental 30 per
oent of gross earnings, but stock must have six per cent. Gross earn¬
ings in 1879-30, $426,265; net, $127,879; 1880-81. $428,717; net,
$128,624. Dividends and interest paid in 1880-81, $129,480. (V. 34,
p. 86.)
Delaware d Bound Brook.—December 31, 1881, owned from Bound
-Brook (C. of N. J.) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles; total operated, 31 miles. In connection with Central

line between New
for
Company—the lessee
cent in 1881-83,
in 1879-81, 7

Pennsylvania forms

of New Jersey and North
a
York and Philadelphia. In May, 1879, the property was leased
990 years to the Philadelphia & Reading Railroad
paying Interest and 6 per cent on stock
per
and 8 per cent afterward. The terms were described as follows at
time: “ The lease is for 990 years, being made for this terra because

the

the
and a few years of its existence
have already passed. The conditions are that the Reading is to pay all
interest on the bonds of both the main roads and the laterals, and the
interest on the floating indebtedness at 6 per cent until the bonds are
converted. The Reading also binds itself to pay dividends on tlie stock
of both roads quarterly, on the 1st of Februaiy, May, August and No¬
vember. For the first two years it is bound to pay 6 per cent dividends;
for the next two years following, 7 per cent, and for all subsequent
years 8 per cent, free of all taxes. Gross earnings in 1880. $563,789 ;
Bound Brook’s charter is for 999 years,

(Y. 32, p. 611.)

2,443,000
770.000

586.000

l

*eb. 11, 1882

^

8
6 g.
3
7
7

May, 1905

Philadelphia.
New York, Office.

& S.

& D.
& S.
& O.

Q.-J.

M. & N.

J.
M.

& J.
& S.

Jan.

do
do
do
do
do
do
New York and Boston
N. Y., Company’s Ollice
do
"
~ do

June, 1892
March, 1885
April 1,1911
Jan. 14,1882

Nov. 1, KMX)
Jan. l, 1910
Sept. 1, 1911

New York.

....

M. A
J. A
J. A
J. A
J. A

N. N.Y., London A Frankf’t
N. Y.. Co.’s Agency.
J.

A.
A.
M.
A.
F.
.T.
J.

O.
O.
N.

A
A
A
A

J.
J. N.
J.

0.
A A.
J.
A J.
A

New York.

F.
J.
J.

A
A
A
.J. A
A. A
J. A
J. A

A.
J.
J.
J.

B. ACo.

Y., Morton,

20,‘i882

Bcpt. 1, 1907

do
do
N. Y., Co.’s Agency.

Aug. 15,1880
May 1, 1905
Jan. 1.
Jan. l,
June 1,
June 1,

1921
I9n
1905

1905

New York A London.
do
do

1018
1913
New York.
Jan. 1, 1882
do
Jan. 1, 1882
N.Y.,Canad’n B. of Com. Feb. 15,1888
N.Y., Mereh.Ex.Nat.Bk. Jan. 1, 1882
N. Y., Winslow, L. A Co. Jail. 1, 1882
Boston.
do

....

rr

2, 188.2

•July 1, 1895

Philadelphia.

Q-J.

5-6

1,000

Dividend.

& J.
Dover, Co.’s Office.
& J. Phil., Fid’lity I.T. A.S.Co

Q.-F.

M.
J.
M.
A.

7
7
7
7

2.000,000

Stocks—Lust

Whom.

.

M. A N.

0

3.200,000
44,000
144,000
250,000

Payable

pal,When Due.

Payable, and by

F. A A. Phila.,Guar.T.A S D.Co.

7
6

1,000

Delaware—Oct. 31,1881, owned from Delaware Junction (P. W. A B.),
Del., to Delmar (Md. Line),84 miles; branches. 10 miles; total operate.!,
100 miles, less two branches (15 miles) opei ated by the Dorchester &
Delaware and Queen Anne A K. railroads. The Delaware Railroad was

net, $265,743.

10,000,000
3,500,000
2,500,000
(?)
900,000
1,200,000
1,200.000
300,000

la4

Where

When

J.
J.

3
6

200 Ac.
500 Ac.

*

105)

26,200,000
3.067,000

1,000

....

....

182
59
63
143
100

192,000

100 Ac.

100

1876
1880
18811874
1874
1881
1878
1878
1853
1851
1854
1853

Rate per
Cent.

$1,468,940

$25
1,000

100

convertible, guar. P. W. & B

Amount

7781
Delaware d

Bonds—Princi¬

T'VrrnTr'T>Xr,a>T< /"'ll} r»TT7Trvr<-VT-i\n
INTEREST OR DIVIDENDS.

DESCRIPTION.

Delaware—Stock.
Mortgage bonds,

discovered in tbese Tables

by giving immediate notice of any error

•nnp/mTTyTiTAV

For

[VOL. XXXIV.

Aug. 10,1880
Feb. 15, 1882

Boston, 2d Nat. Bank.

Jan

N.Y.jM.K.Jesup.P.&Co.

1, 1907
July 1, 1889
July 1. 1919

0. N.Y.,M.K.JeRup,P.A Co.

Oct. 15, 1881

do

do

J. N.Y., Jesup,Paton
do
do
J.

John A. Stewart, of New York, as trustees.
provide for an issue of bonds, the amount
exceed $30,000,009, of which $7,422,200

1883
1804

A Co.

The deed is to secure and

afloat at one time not to
shall be used in retiring
prior issues, and the balance issued for the purpose of building and
completing the extensions to Leadville, New Mexico and San Juan
mines, and other points—and the bonds are issued at $15,000 per mile.
Of the consol, mortgage $1,040,000 exchanged for Arkansas Division
bonds held by trustees of the Colorado Coal A Iron Co. The following
are the latest yearly earnings reported (1879 not given):
Average

1880
1861

Gross

Miles.
293
308
474

Years.

Earnings.
$622,792
1,096,517

Net
Earnings.

$857,160
473,061
1,710,461

3,478,006

(approximate)
786
6,206,812
—(V. 32, p. 231, 500. 550. 686 ; V. 33, p. 46, 124, 201,
559, 622,687, 709, 716; V. 34, p. 31, 60, 86, 145.)

2,606,812
303, 329, 519,

(narrow gauge)—This company’s mort¬
contemplated lines in Utah Territory estimated at 3,022
miles. The company is an offshoot of the Denver A Rio Grande, and the
latter hsis a traffic guarantee and guarantees $7,500,000 of the bonds.
Dcnvcs'd Rio Grande West,

gage covers

—(V. 34, p. 146.)
Denver So. Park d Pac. (3 ft.)—Dec. 31,1880, owned from Denver, Col.,
to Gunnison, Ac., 135 miles; extension to Ilortense, 8 miles; branch to
Morrison from Bear Creek, 9 miles, and branches, 6 miles; extension to
Gunnison City, 54 miles; total, 212 miles.
at the rate of $12,000 per mile of finished

First mortgage bonds issued
road, and the sinking fund of

owned from Dela¬ 1% per cent annually on outstanding bonds, to be retired at par by lot,
miles; branches— begins in 1886. Sept. 20, 1880, new branches authorized, and voted to
to Winton, Pa., 8 increase the capital stock, and in Oct., 1880, the consol, mortgage was
miles; Junction to Keyser Valley, Pa., 5 miles; leased lines in New made for $15,000,000, to be at $17,000 per mile on whole roart, old and
In December,
York—Cayuga & Susquehanna Railroad, 35 miles; Green Railroad, new, less the amount of first mortgage on the old.
8 miles; Oswego & Syracuse Railroad, 35 miles; Utica Chenango <k 1880, Mr. Goulds bought most of the stock, and passed it over to the
Susquehanna Valley Railroad, 98 miles; Valley Railroad, 11 miles; Union Pacific. (V. 32, p. 44, 444.)
controlled and operated—Syracuse Binghamton A New York, 81 miles;
Denver Western d Pacific.—Proposed road from Denver to Long¬
Rome & Clinton Railroad, 13 miles; Utica Clinton & Binghamton, 31
mont. Ck)l.
From Denver 30 miles to be done by Aug. 1.1881. For
miles; leased lines in New Jersey—Chester Railroad, 10 miles; Morris $3,060 in cash the company gives $3,000 in 1st mortgage bonds and
& Essex, 118 miles; Newark & Bloomfield, 4 miles; Warren Railroad, $1,500 in stock. John S. Crooks, President, Boston.
19 miles; total operated, 670 miles.
For the terms of leases, see remarks
Des Moines d Ft. Dodge.—Dec. 31,1881, owned from Des Moines to Fort
under the names of the respective leased roads.
The Lackawanna A
The Dodge. Iowa, 87 miles, with an extension building, 58 miles; and 230
Bloomsburg was consolidated with this company June 19, 1873.
following is a synopsis of the annual statements of the company for four shares com. and 30 shares pref. stock per mile additional may be issued
on this extension.
Originally a division of the Des Moines A Valley
years:
1879.
1878.
1880.
1881.
RR., built in 1870 and sold out in 1873. Gross earnings in 1880 were
$324,725 ; net, $143,920. In 1881, gross, $401,532; net, $172,543.
$
$
$
$
Gross receipts all sources..14,454.405 20,226,708 21,656,604 27,396,526 Common stock, $3,040,000 issued; preferred, $758,280 issued to Dec.
10,836,276 16,416,256 15,753,134 19,632,662 31, 1881. (V. 32, p. 312, 434 ; V. 33, p. 23,736; V. 34, p. 114, 175.)
Operating expenses
Del. Gratul Haven d if il.—Dec. 31,1880, owned from Detroit, Mich., to
Net receipts
3,618,129 3,810 452 5,903,470 7,763,864 Grand Haven, Mich., 189 miles. This is a reorganization of the Detroit
INCOME ACCOUNT.
A Mil. which was sold in foreclosure Sept., 1878. A sufficient amount
$
$
$
$
of first mortgage bonds is reserved to retire O. & O. and Det. A; P. bonds
Net receipts
3,618.129 3,810,452 5,903,470 7,763,864 on maturity. The bonds are guaranteed by tbe Gt. Western of Canada,
Disbursements—
The consol, bonds draw 5 per cent till April, 1884. and 6 afterward. The
Interest and rentals
3,577,420 3,624,431 3,627.381 3,558,494 stock is
$1,500,000. Gross earnings in 1880, $1,220,076; net, $403,812.
Dividends
* 786,000 t 1,768,500
Delaware Lackawanna d Western.- Dec. 31, 1881,
River (N. J. line) to New York State liue, 115
Scranton to Northumberland, 80 miles; Greenville

ware

Balance, surplus
*3 per cent.

3,577,420

3,624,431

40,709

Total disbursements..

186,021

temper cent.

The mortgage for $10,000,000 authorized
amount of $2,820,000 as they mature.
716; V. 34, p. 144.)

4,413,381

5,326,094

1,490,089 2,436,870

will Lake up prior bonds to the
(V. 32, p. 230; V. 33, p. 73,

Denver Longmont d Noilhwestern.—This road is in progress from
Denver to Longmont in northern Colorado.
Bonds
in Boston March, 1881, at 90, carrying bonus of 5 shares of stock with
each $1,000 bond. Frederick O. Prince, Boston, Pres. (V. 33, p. 20.)

($100,000) offered

Denver d Rio Grande (3 ft.)—Dec. 31,1881, owned from Denver City,
Col., to Alamosa, Col., 251 niles; branches—Pueblo, Col., to Canon City
and Coal Mines, 44 miles; Cuohara, Col., to El Moro, Col.. 45 miles; also
lines to Leadville, Durango. Gunnison City, Crested Butte, Redcliffe,
Kokomo, Silver Cliff, and others, the total operated Jan. 1, 1882, aggre¬

Ypsilanti, Mich.sold m fore,
organized by the bona,
Lake Shore A Michstock for two years,
(V. 33, 225.)
Detroit Lansing d Northern— Dec. 31, 18c0, owned from Grand Trunk
Junction, Mich., to Howard City, Micli., 157 miles; branches—btanxon
Junction to Big Rapids, Mich., 63 miles; Bclding Branch, 1*2 niilcs;
leased, Grand Trunk Junction to Detroit, 4 miles; total °IK'rra1te(1, r~p
miles. A consolidation, April 11, 1871, of the Detroit Howell & Lansing,
the Ionia A Lansing and the Ionia Stanton & Northern railroads, unaer
^he name of Detroit Lansing A Lake Michigan RR., which was sola m
foreclosure December 14, 1876, and new stock issued as above. Urross
earnings in 1878, $970,033; in 1879, $1,108,932; in I860. $1,203,151.
Net earnings in 1878, $372,198; in 1879, $419,145; in 1880, $104,1*0.

Det. Hillsdale d Southw— Dee. 31. 1880, owned from
to Banker’s, Mich., 65 miles. The Det. H. & Ind. road
closure December 28, 1874, and--this company
holders. In Aug., 1881, leased in perpetuity to the
Southern Co. for $40,500 per year (3 per cent) on
and $54,000 per year (4 p. ct.) afterward.
p.

-(V. 32,

pr394.)

was

gating 1,062 miles, and construction was pushed on 238 additional
Dubuque d Dakota.—Dec. 31,1881, owned from Sumner, Ia;. to
miles. The trouble between the Atchison Topeka A Santa Fe line and
ton la, 63 miles. Built on the old grading of the Iowa Pan. Dubuque &
>n,
this company was finally settled by agreement, and a judicial decree
_oux C. Co. guarantee the bonds issued for construction to the extern o
entered fixing it for ten years, (see V/30, p. 143), viz.: “The Denver
& Rio Grande is to stop the construction of its Pueblo & St. Louis line $10,000 per mile. Bouds may he paid off at any time at 10a. Bonus as
above $10,000 per mile; preferred, stock $10,000 and ordinary stoc
east from Pueblo. Its extension into New Mexico is to be built only
(V. 32, p. 69.)
to a point half way between Conejos and Santa Fe. The Atchison $5,000; total, $25,000 per mile.
Dubuque d Sioux Citg.—Dcc. 31,188 1 owned from Dubuque,
Topeka & Santa Fe Company agreed not to build to Denver or Leadville, or to any other point on or west of the Denver A Rio Grande Iowa FallR, 143 miles.' Chartered as Dub. A Pac. in 1850. Leased to in.

Hamp-

Iowa, to

Railroad.'

The first

comprehensive report

was

published in the Chronicle, V,

32, p. 550. giving a history of operations, to the close of 1880, Ac.,
and in V. 34; p. 145, a summary of operations 1141 eo Jan. 1, 1882.
The trust deed of the consolidated mortgage is to Louis II. Meyer and




cent <
with

1878,
1879, $927,826.

r/

February,

1882. J

Subscribers will confer
description.
* or
For

a

explanation of column headings,
on first page of tables.

jyuluth d

great favor by giving immediate
Miles
of

&c., see notes

Winnipeg-}** mortgage, gold, land grant

....

90
90
90
30
36
36

2d mortgage

^Brocwtlop.—lki

mortgage, registered....
Pennsylvania—Stock

stock.

Virginia d Georgia—Common
Preferred stock (6 per cent)
Consol, meet., gold (for $22,000,000)
“ Divisional” bonds
do
Tennessee

East

242
112
130

endorsed)

and Virginia (endorsed)
U. S. Government

....

....

ItR.lst mort.

River—Stock
Equipment bonds

Eel

....

--

75

Norfolk--1st mortgage, gold
(cumulative)
certificates
Elizabethtown Lex.dBig Sandy—1st mortgage, gold
Elmira Jeff, d Canandaigua.—Stock
Elmira d Williamsport—Stock, common

Elizabeth City d

75

2d mortgage, income
Sinking fund debenture

Preferred stock

1st mortgage bonds
Income bonds, 999 years

....

122
47
77
77
77

-

to run

Erie d Pittsburg—Stock
1st mortgage, convertible into
2d mortgage, convertible.

1873

1880

.

500,000

1,709,550
495,900

27,500,000
16,500,000

J.

J.

7
6
6
4
3
6

J. A J. N.Y.,Metropolit’n N.Rk.
J. A J. N. Y., R. T. Wilson A Co.
do
do
M. A N.

535,400
147,000
190,000

4,997,600
194,400
13,429,G05
402,500
400,000

811-2
8112

500
50
100 Ac.
100 Ac

....

1862
1865

6

Boston.
do
Boston and London.
Boston, by Treasurer.

A J.

Philadelphia.
Boston, by Treasurer.
New York.

S.

•

Yearly.
A. A ().
M. A. S.

M.

2*u
3*2

J.

6

J.

5

A.

New York.
Baltimore, N. Cent.
A N. Phila., Penn. R. K.
do
do
A J.
do
do
A J.
do
do
A O.

Q.-M.

134
rr

A J.
A. A O.

J.

4

7

91.s()0

>

Q.-F.

5

249; 200

•

M. A

0 g.
6
6
6 g.

1,998,100

•

Stocks—Last
Dividend.

1, 1911

May

June. 1890
Oct. 1, 1890
Oct. 1. 1890
Julv 1, 1903
Jan. 17,1882

1, 1888

Mar.

July 1. 3 930
July 1. 1930
1911

A J.
A S.
A S.
A I).

Q.-M.

1
7

83,000
900,000
1,009,000
250,000
2,500,000
500,000
500,000
500,000
1,000,000
570,000

1,000

•

J.
M.
.M.
J.
I.

412g
2*4

2,972,800

100
50
50

do

do

....

3,123,000

1,000
1,000
1,000

1S60
1863

N.Y.,Metropolitan N.Bk.

A

1,000

....

Phila., P. A R. office.

Sc

100

....

S.

J.

....

....

Hud.

J.

100 Sc c.

1879
1880
1881
1881
1872

N.Y. Cent. A

do
do
0.
do
do
O.
J. Philadelp’a, Co.’s Office.
J. Phila., by P. A R. RR.

5

100
100 Sec,
500 Sec,
100

1860

D. N.Y.,

&
Sc
Sc
Sc
A
A

5 g.

....

...»

J.
A.
A.
J.
J.
M.

Central Trust Co.

2,650,000
16,500,000

1,000

1851
1876

M. & N. N. Y.,

11.000.000

1,000
1,000

.

Payable, and by
Whom.

7 g.
7
7
7
3
7

200,000

....

50-’56
1856
1872

Where

When

Payable

0 g.

1,000,000

1,000

1881
1870

.

Rate per
Cent.

7,000 p.m.
2,000,000

100 &c.
100
100
1.000

....

100

consolid. mort

Amount

50

....

Bonds—Princi¬

INTEREST OR

Outstanding

1,000

1858

notice of any error discovered in tliese Tables. Duo.
DIVIDENDS.
pal, When

$1,000 $18,000 p.m.

1870

16

38
94

Par

Value.

1,000
1,000
1,000

282

(Mass.)—Stock
(extended for 10 years)
Mortgage funding certificates
Eastern (N. H.)—Stock
Eastern Shore (Md.)—1st mortgage
Essex

1,123

Size, or

1870
1870

1,232

....

bonds
mortgage sinking fund bonds.
East Tenn. & Georgia ($92,000 are

East Tennessee
2d mortgage to
Eastern

1881

....

Income

Old 1st

Date
of

Road. Bonds

I^K^^'rXyi'PWtoot^istmortl.'goia
East
East

STOCKS AND BONDS.

EAILROAD

N. Y., Union
do
do

RR.
Co.

July 1, 1900
1882 to 1886
May 1, 1886
Jan.l, ’82A ’87
Julv 15. 1873

Sept. 15,1886

Sept., 1906
1, 1881
1, 1900
5, 1881

Dec.
Jan.
Dec.

May 1. 1885

Sept. 1, 1920
Jan. 1, 1970
Oct. 1, 1992
Mar. 1, 1902
Sept.. 1881
Nov. 1. 1881
Jan.1,1882
1, 1910
1. 2862
Mar. 10, 1882

Jan.
Oct.

Trust Co.
do
do

July 1, 1882
Abril I, 1890

Ala., if it could be done for $2,250,000, payable in 6 per cent
registered coupon bonds of this company, and also to buy
balance of the stock in the Georgia-Southern Railroad.
(V. 32, p. 69,
265, 552, 612; V. 33, p. 303, 357, 168, 716, 736.)
at Selma,

Winnipea.—Road in progress from Duluth to Manitoba
boundary line. 280 miles. The laud, grant amounts to 1,800.000 acres,
which is subject to the first mortgage. The stock is $5,000,000. Win.
W. Spalding, President, Duluth.
(V. 33, p. 733.)

the

50-year

Duluth d

New
Marblehead, 4
Amesbuvy, 4
Salem
II., 16
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls Sc Conway, 71
miles; Wolfeboro Railroad, 12 miles; total operated, 282 miles.
The company became embarrassed in 1875 and compromised with its
cost of property, $4,816,544.
bondholders by the issue of a general mortgage to fund all the prior nonEast Broad Top (Pa.)—November 30, 1881, owned from Mount Union, mortgage debts, the new bonds to bear 3*2 per cent for three years from
Pa., to Robertsaale, Pa., 30 miles. A coal road, opened in 1874. The 1876, then 4L> per cent until September, 1882, and 6 per cent thereafter.
stock is $568,400. In 1878 gross earnings were $90,808 and net earn¬ Notes payable are $687,200, secured by collateral or real estate.
The last annual report was published in V. 33, p. 561.
Operations and
ings $38,122; 1330-81, gross, $127,940; net, 42,356.
earnings for five years past were as follows:
Net
Gross
Freight (ton)
Passenger
East Pennsylvania—Nov. 30,1881, owned from Reading, Pa., to .Allen¬
Receipts.
Receipts.
Mileage.
Miles.
Mileage.
town, Pa., 36 miles. It is leased for 999 years from May 19, 1869, to the Years.
39,099,659 $2,451,323 $799,317
Phila. & Reading RR., at a rental of 6 per cent per annum on the stock 1876-7....
68.502,002
282
871,810
2,422,391
Eastern, Mass.—Sept. 30,1881, owned from Boston, Mass., to
Hampshire State Line, 41 miles: branches—Salem to
miles; Beverley to Gloucester, 17 miles; Salisbury to
miles; Revere to Lynn, 10 miles ; Peabody to Wakefield, 8 miles ;
to Lawrence, 20miles; others, 14 miles; leased—Eastern RR. of N.

30. 1881, owned from Dun
miles. A consolidation of the Dunkirk
War. & Pittsb. and Warren & Venango in 1872.
Is owned by N. Y. Cent.
<fe Hudson River Co., hut accounts are kept separate. Gross earnings.
1878-9, $283,132; no-net earnings; deficiency, $20,109; in 1879-80,
gross $261,947, deficiency $17,217;
1880-81, gross $291,208, net
§5,302. Capital stock, $1,300,000; funded debt, $3,200,000. Nominal

Dunkirk Allegheny Valley d Piltsb.—Sept.
kirk, N. Y., to Titusville, Pa., 91

and interest on

the bonds.

G. A. Nicolls,

President, Reading.

..

1878-9....
1879-30
1880-1

Virginia d Georgia.—Consolidation May, 1881. (V. 32,
Mileage as follows: Bristol, Tenn., to Chattanooga, Tenn..
miles; Morristown, Tenn., to Paint Rock. Tenn., 45 miles; Knoxville,
Tenn., to Kentucky State Line, 66 miles; Cleveland, Tenn., to Meridian,
Miss., 380 miles; Ooltewali, Tenn., to Red Clay, Tenn., 12 miles; Rome,
Ga., to Brunswick, Ga., 378 miles; total, 1,123 miles, 221 miles of this
being in progress. The company leases the Memphis A Charleston Rail¬
road for 20 years, merely paying its earnings as rental, but agrees for
three years from Dec. 2, 1879, to furnish funds to buy up any coupons
of the M. & C. road remaining unpaid. After the three years the lessee
may surrender the lease on six months’ notice. The company’s applica¬
tion to the New York Stock Exchange, July, 1881, had the'following:
Of the first mortgage consolidated bonds, there are held in trust by
the Central Trust Co. $7,509,000, to retire the same amount of the out¬
standing divisional and sectional bonds. There arc also held in trust by
the same trustee, $3,500,000 bonds to provide for the completion of the
Rome Atlanta A Macon division of the company’s railroad now in
progress, 178 miles in length, and the company has contracts with
responsible parties for the completion of the division during the year
for the proceeds of the funds so held in trust. The company owns 1,123
miles of railroad, of which 902 miles are in operation and tne remainder
is in progress. It also operates under a lease for twenty years from
July 1,1879, the lines of the Memphis & Charleston Railroad Company,
from Chattanooga to Memphis, Tenn.. 310 miles, and the Florence and
Somerville branches, 20 miles, in all 330 miles, making a total of 1,232
miles of proprietary and leased lines now in operation and 221 miles in
progress. The lease of the Memphis & Charleston RR. is an operating
lease simply, und creates no moneyed obligation against the East Tenn.
*Va. & Ga. RR., all net earnings being paid over to the lessor company.
The company has $5,000,000 cash in its treasury for equipment and
East Tennessee

242

552).

p.

..

..

-(V. 32,

282
282
282

..

..

p.

15,687;

Eastern (V.
Line to Maine

39,116,073

61,706,681
65,403,019
77,0S1,998

292

IS 77-8

44,996,094
61,707,305

63,099,873
83,411,100
33, p. 527, 561.)

2,485,977
2,905,056

3,091,273

994,785

1,084,927
1,124,600

V.

II.)—Sept. 30, 1880,

owned from Massachusetts

State

leased for 99 years
made from Oct.
year, equal to 4^

State Line, 16 miles. It was formerly
to the Eastern (Mass.) Railroad, and a new lease was
per
1, 1878, for 60 years and two months at
per cent per annum. Moody Currier,

$22,500
President, Manchester, N. II.
Eastern Shore (lid.)—Dec. 31, 1880, owned from Delmar to Chnsfield,
Md., 38 miles. The road was sold in foreclosure Feb. 19, 1879, subject
to the first mortgage. George R. Dennis, President, Kingsland, Md. Act
passed Legislature of Md., and signed by Governor (April, 1880,) to re¬
organize road. Stock, $450,000 (partly com. and partly pref.), in shares
of $25. Pref. to receive 6 per cent dividend before any is paid on com.]j(
Eel River.—Dec. 31, 1880, owned from Logansport., Ind., to Butler,
Ind., 94 miles. This was formerly the Detroit Eel River A Illinois RR.,
sold under foreclosure July 6, 1877, and reorganized under present
Dec. 10, 1877. In August, 1879, it was leased to the Wabash St.
Louis A Pacific Railroad, at a rental of 3 per cent per annum on the
stock for two years, 4 per cent for three years, and 4 ^ per cent there¬

“

name

after.

Elizabeth City d

Norfolk

—

December 31,1SS1,

owned from Norfolk,

$1,000,000. (V. 34,
Elizabethtown Lexington d Big Sandy.—The mileage of the road will
follows: Owned—Lexington to Mount Sterling, 33*6 miles; Mount
he
betterment purposes.
The last annual report of the old East Tenn. Va. & Ga. was published Sterling to Straitsville, 66 miles; Ashland to Big Sandy Bridge, 8 miles.
in the Chronicle, V. 31, p. 556, and the earnings and income account Leased—Straitsville to Ashland, 20 miles; Big Sandy Bridge to Huntingfor the year ending June 30, 1880, were as follows:
ton, 7-5 miles. Total owned and leased, 135-1 miles.
It is the connect¬
1878-79. ing line of the Chesapeake & Ohio and controlled by the same parties.
1879-80.
$270,438 The authorized issue of bonds is $3,500,000, which will be negotiated
$304,283
Passage
650,687 only as portions of the road are completed. Authorized capital of the
833,115
Freight
69,115
6,373

Express and mail
Miscellaneous

$1,212,887
776,994

Total
Expenses
_

Net

$435,893

earnings

Earnings for six
Years.

years past were as follows
Gross Earnings
Miles.

1874-5.

272

1875-6.
1876-7.

272
272
072
272
272

1877-8..

1878-9.
1879-80

$1,059,986
1,058,954
994,050
1,022,252
988,291
1.212,8S7

.The stockholders in October, 1880,
at the

:

Earnings.
$342,464

Net

343,560

325,127

Va., to Edentcn,
P- 02.)
as

60,456
6,710

409,609
368,188

3
3

435,893

6

voted to increase the

stock to
holdings
Mr. Cole,

8a+>.n *118 1,cP°rt at the annual meeting in November: “T-his action
on
the part of the stockholders has met with general approval,
so far as your directors have been informed.
At the same meeting
V.oau* °* directors were




instructed to buy the Selma Rome
which purchased it in June last

Railroad from the syndicate,

Capital stock,

company

is $5,000,000.

(V. 32, p. 5440

31, 1881. owned from Canan¬
miles. The road was forcek sed and
present name Feb.
$988,293 reorganized under20 years from Jan. 1, 18,1859. It was leased to New
A Erie
1859, and the lease transferred
620,103 York Cen. RR.for 1866 at a rental of $25,000 per year. Lease termi¬
in
to N.
nated Jan., 1879, and road now operated at cost by Northern Cen.
$368,189
Elmira d Williamsport.—Dec. 31,1881, owned from Williamslmr, Pa.,
to Elmira, N. Y., 76 miles. This company was reorganized under the
Div. p.ct.
present name Feb. 29, 1860, and leased to the Northern Central Rail¬
3 way for 999 years from May 1, 1863, at a rental of $155,000 per annum
3 since Jan. 1, 1880. The dividends on the common stock are 5 per cent

selling to the stockholders 150 per cent on their
price of $30 per $100 share. Of this action the President,

& Dalton

N. C., 75 miles.

Elmira Jefferson d Canandaigua.—Dec.
daigua, N. Y., to Jefferson, N. Y., 47

and on the

ern

preferred 7 per cent.

Central returns.

Operations are included in

the North¬

owned from New Castle, Pa,, to Girard,
Junction to Erio Docks, 3 miles: leased—
operated, 100 miles. Road opened in 186oIt was leased to the Pennsylvania RR. for 999 years from March 1,
1870, at a rental of 7 per cent on stuck and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease haa
been quite unprofitable to the lessees; in 1878 the deficiency paid by
them was $217,437; in 1879 $232,653; and in 1880 $242,819. Wm. L.
Erie d

Pittsb.—Dec. 31, 1880,

Pa., 82 miles; branch, Dock
Girard to Erie, 15 miles; total

Scott is

President, Erie, Pa.

STOCKS

RAILROAD

XXX

discovered in those Tables.
Bonds—prinoj.

INTEREST OR DIVIDENDS.

DESCRIPTION.

on

[VOL. XXXIV.

by giving immediate notice of any error

Subscribers will confer a great favor

For explanation

AND BONDS.

of column headings, Ac., see notes
first page of tables.

Miles
Date
Size, or
Par
of
of
Road. Bonds Value.

Amount

Outstanding

Rate per
Cent.

Where Payable, and by

When

pal,When Due.

Stocks—Last

Whom.

Payable

Dividend.

•

Pittsburg— (Continued)—

Consolidated mortgage free

81^

of State tax

Equipment bonds
Europ’n dfN.Am.—1st M., Bang’r to Wmn.,Bang’r l’n
Evansville <f T. Haute—Stock ($100,000 is pref. 7)
1st mortgage, Evansv. A Ill., sink, fund
1st mortgage., sink, fund, (Evansv. to T.H.)
Cousol. mort., gold (for $1,500,000)
Evansville Terre Haute if Chic— 1st mort., gold
2d mortgage, gold
.

1978187-90.

Fitchburg—Stock
Bonds, coupons, ($3,500,000 authorized)

Reorganization mortgage bonds, gold
1st mort., land grant (to be paid March, 1882)
Flint A Hollv RR. (sinlc’g fund$25,000 per year).
Bay City & E. Saginaw, 1st mort., guar by lessees
Bay County, issued in aid, guar, by lessees
Holly Wayne 6c Monroe, 1st mort., sinking fund.
Florida Central—1st mortgage, gold, coupon
...

Fonda Johnstown <f Gloversville—1st mortgage
Cousol. mortgage
Fort Madison <S: Northwestern—1st mort.,

Fort Wayne it-

gold

Jackson—Pref stock, 8 per cent

Common stock

Fort Wayne. Cincinnati, if:

Louisville—Stock.
OOO

Tlpnrpr—1 sf, mart

FVir/ TVnvfh

nor

50
115
51
109
144
oo

55

189
....

Flint if Pere Marquette—Preferred stock

U 5*

....

317
288
3 90
17

13
....

65
59
10
20
100
100
100

.

.

1.000

1869

50

....

1,000

1852
1854
1870
1809
1872

100

’74-’S0

1,000

2,000,000

5, 6 & 7

....

....

0,500,000
2,093,000
253,000

3
0 g.
8
10
10
10
8
7 <r
7
0
7 g.

1,000
1,000

....

1,000

1880
1808
186S
1867
-

-

1.000
500 Sec.
500 Ac.
500

--4fv

Georgia Pacific—

J.
A.
J.
M.
J.
M.
J.
M.
J.
J.
A.

J. N. Y., Union Trust Co.
do
do
O.
J. Bost., Mcreh. Nat. Bk.

&
&
&
&
&
&
&
&
Sc
&

N.
J.
N.
J.

July 1, 1898
Oct.
Jan.

1, 1890
1, i§94
Nov., 1831 “
Jan. 1, 1887
Nov. 1, 1887

Company’s Office.
N.Y.,Farm. L'anA T.Co.
do
do

-

do
do

July 1, 1921

N. N.Y.,Farm.L’an A T.Co.
do

J.

Nov. 1, 1899

do

Jan. 1, 1962
Jan. 2, 1882
1894 to 1900
J;tn. 10, 1882

Boston, Office.

I).

do

A O.

A. A 0. N. Y.,
M. A S. N. Y.,

Mer. Ex. Nat. Bk.
Meehan. Nat. B’k.

Oct. 1, 1920
Sept, l, 1888
May 1. 1888
July l; 1882
Sept. 1, 1887
Jan. 1, 1901

do
do
Sc J. Newark, N. J., Sav. Ins.
New York.
M. A S.
J. A J. N.Y., Merck. Nat. Bank.
J. A J.
Jacksonville, Fla.
J. A J. N. Yk, St. Nick. Nat. B’k.
do
do
A. A O.
A. A O. N.Yk,G.K. Sistare’s Son3
M. A JN.

,

J.

Jan.

1, 1907

July 1, 1900
May 1, 1920
April 1, 1905

July 11,1881

2U>

2,284.800
429,000

,

4,000,000

s

(!)
28
51
39
51
250
220
50
35

1871
1879
1870
’71-’80
1880
1872
1870
....

1,000
1,000

rj

i

1,000,000

1,000
100 Ac.

7

317,082
4,800,000

1,493,000

....

(V. 33, p. 621.)

Evansville if Terre Haute—V. 33, p. 467, 502.

Evansville Terre Haute if Chicago.—June 30, 1880, owned from Terre.
Haute Junction, Ind.. to Danville, Ill., 49 miles; leased, 6 miles; total
operated, 55 miles. It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block Coal road, 14
miles. On April, 30, 18S0. a lease to the Chicago A Eastern Illinois
was made for 999 years; terms, $75,000 per annum and the assumption

?

600,000
(?)

....

default was made,
which issues new
The company had
In the year ending
$477,93* and net earnings

by the C. <fcE. I.'of all rentals and taxes paid by E. T. H.

0

250,000
090,000
312,000

500 Arc.
500 Arc.

Bangor, Me., to St. John, N. B., 205 miles. In 1875
and a new company was organized October, 1880,
stock ($2,500,000) ‘for the land grant mortgage.
a land grant of 750,000 actes in the State of Maine.

li

300,000
200,000
700,000

**

European <f North American.—Sept. 30, 18S1, owned from Bangor,
Me., to Vanceboro (State Line), Me., 114 miles. Road was worked in
connection with the St. John A Maine, making an unbroken line from

$79,768.

75,000
1,000,000
309,000

1.000
100 Ac.
100 Ac.
500 Ac.

1880

'

300,000
100,000

1,000

1871
1877
1870
1880

....

Galveston Houston if Hend. of 1871—1st mort
Geneva Ithaca c6 Sayre—1st inort., s. f., gold

7
7
0 g.
g.
6 g.
3

2.078,000
775,000
325,000
4,950,000

milo\

2d mortgage

o

611,000

1,000
1,000

1Q9

Frederick cf Pennsylvania Line—1st mortgage
Fremont Elkhorn if Mo. Valley—1st mortgage
1st mortgage
Income bonds
Galveston Harrisb.cf S.Antonio—1st mort, gold, 1. gr.

September 30,1881. the gross earnings were

685,000
1,000,000
3,000,000
231,000

....

.

7
7
6

$2,230,000

$1,000

1868

7
f) cr
7
7 ir.
7 <r

Pennsylvania RR. Co.
N. Y., Nat. Park Bank.

A. A O.
A. A O.
A. A (X.
A. A or
F. A A.
J. A D.
J. A J.
J. A J.

do
do

1900
1901

do
do

«■

1899
1886

N. Y., D. ,M. A Co. ,& Lond.
Boston and London.

Feb. 1, 1910
June 3, 1905

N.Y., R. Sage, 78 B’way.
N. Y., Metrop. Nat. B’k.

July 1, 1902
July 1, 1890

-

....

....

la., 100 miles.
Under construction, and
1881, by G. K. Si-taro’s Sons.

bonds sold

in New York

Fort Wayne if: Jackson .—Dec,. 31, 1881. owned from Jackson, Mich., to
Fort Wayne, Ind, 100 miles. This road is successor to the Fort Wayne
Jackson A Saginaw, which made default on its bonds and was sold in
foreclosure Dec. 3, 1879. Eight per cent preferred stock given for old
first mortgage bonds and interest, and GO per cent, in common stock and
40 per cent in 8 per cent preferred given for old second mortgage bonds.
Gross earnings in 1881, $295,502; net, $117,002.

Fort Wayne Cincinnati if Louisville— From Fort Wayne, Ind., to Connorsville, Ind., 109 miles. The Fort,Wayne Mancie Sc Cincinnati Com¬
pany defaulted and a receiver was appointed Nov., 1874.
The road
i. i,
n.. 'll.
4
1.
•

*?

.

Erie <f

-

t.

_

i

rv

J.

„

^

~

6c C. The

bonded interest was reduced to 6 per cent and preferred stock for $100,000 issued for overdue coupons. Earnings for three years past were:
Years.
Miles.’ Gross Earnings. Net Earn’gs.
137G-7
55
$222,782
.
$98,233
55
1877-8
209,073
77,224
187S-9
55
242,890
94,230

—Josephus Collett, President, Terre Haute, Ind.
Fitch5urg.—Sept. 30, 1880, owned from Boston, Mass., to Fitchburg.
miles; branches—Charlestown, 1 mile: North
Cambridge to Waltham, 7 miles; South Acton to Marlborough, 12 miles;
Peterborough & Shirley, Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont A Mass. HR., Fitchburg to Greenfield, 50
miles; Turners Falls Branch, 3 miles; Troy 6c Greenfield RR.. Green¬
field to North Adams, 37 miles; total, 190 miles.
The Troy 6c Greenfield
RR. and the lloosac Tunnel, owned by the State of Massachusetts, have
been operated by this company, and are now contracted to it for seven
years from Sept. 30, 1880. In 1878-9 net income above rentals and
interest was $279,740; in 1879-80 it was $383,035. Operations and
earnings for live years past were as follows:
Passenger Ireight (ton)
Gross
Net
Div.
Years.
Miles
Mileage.
Mileage.
Receipts. Revenue, p.ct.
1870-7
152 30,090,310 53,224,939 $1,920,413 $342,179
6
152 32,200,503 08,041,193
1,937,934
347,020
6
152 35.094,145 92,832,040
2,079,973
379,202
G
190 39.752,302 109,323,290
2,454,598
488,851
8
18S0-81
190 42,854,047 114,507,910
2,012,595
7
237,811
—(V. 32, p. 43, 334; V. 33, p. 622, 685 ; V. 34, p. 140.)

Mass, (double track), 50

Fort Worth if Denver—Road projected from Fort Worth, Texas, north¬
west to the Canadian River at a junction with the All. & Pacific. Built
bv Texas & Colorado Improvement Co., G. M. Dodge, President. (V.

33, p. 384, 710.)
Frederick <f Pennsylvania
to Frederick City, Md.. 28
which pays interest on first

— Dec. 31,1880, owned from Kingadale
miles. It is leased to Pennsylvania UR.,
mortgage. Preferred stock held hy Penn¬

Line

sylvania RR., $100,000; common
President, Frederick City, Md.

stock, $312,528. Charles E. Trail,

Nel).
33*3

Fremont Elkhorn cf Missouri Talley.— Fremont to. Oakdale,
110 miles. Leased to Sioux City & Pacific Railroad. The. rental is
per cent of gross earnings. Stock,
James

Blair, President,

$840,001).

Scranton, Pa.
Galveston

Harrisburg if San Antonio.—Dec.

31/ 1880, owned from

Harrisburg, Tex.,.to San Antonio,Tex., 215 miles; Houston to Harris¬
burg, 11 miles; Lagrange Extension, 30 miles. Total operated,
Extensions to the Rio Grande and to El Paso in progress.
miles.
This was a successor to the Buffalo Bayou Brazos Sc. Col. Railway.
The road was opened to San Antonio March 1,1877. The gross earn¬
ings in 1879 were $1,390,079; net earnings, $318,700. In 18S0, gross,

256

$1,392.^90; net, $799,104. The eanital stock is $0,450,000, of which
$4,038,794 is paid in and $1,SI 1,205 is represented by lands and bonds.
The bills payable Dec. 31. 1879, were $288,593, and the debt due the

$305,842. The first mortgage covers the
1,800,000 acres of .land. The. proceeds of land
Flint d} Fere..Marquette.—Dec. 31, 1880, owned from Monroe,-Mich., to sales are used to retire the bonds, and a sinking fund of 1 per cent
Luddington, Mich., 253 miles; branches—Bay City to East Saginaw, 12 begins in 1880, but it is optional with bondholders to surrender their
miles; Flint Junction to Otter Lake, 15 miles; St. Clair braneli, 4miles; bonds, if drawn. In June, 1881, a controlling interest in the stock was
Saginaw & Clare Co. RR., 10 miles; Manistee branch, 3 miles; leased, bought, by Southern Pacific parties. The land grant is Sixteen sections
Saginaw Sc Mt. Pleasant RR., 15 miles; total operated, 317 miles. The (10,240 acres) per mile. (V. 32, p. 334, 000; V. 33, p. 75, 528 ; V. 3L Pcompany made default on the consolidated bonds, November, 1875, and
xi-t.j
114.)
part of them were funded. A Receiver was appointed in June, 1879:
owned from
Galveston Houston d Henderson of 1871.—Dee. 31, 1880, <
the road was sold Aug. 18, 1880, under the consolidated mortgage, and
as
Galveston, Tex., to Houston, Tex., 50 miles.
The road wa opened in
reorganization was made and preferred stock ($0,500,000) issued for t no
O’l.y—iz and sold m foreclosure. i*w. j, j ouiuii.h v-vi
Mortgage
consolidated mortgage bonds, and common stock ($3,500,000) is to be 1853-4 ami nuiu in iu; ucimm t- Dec. 1, 1871, and reorganized
Some of the coupons remained un¬
issued for the old stock. The common stock has no present right to vote debt at date of sale was $5,750,000.
....

property and about

l

or to receive dividends, and will
be issued only after the preferred
stockholders have received 7 per cent yearly dividends for live con¬
secutive years. The preferred stock is not cumulative, and after 7 per
cent per annum is paid on both classes of stock, the balance of income,
if any, is to be divided ratably. On Jan. 1, 1881, the land notes on
band for lands sold were $977,588, and lands yet unsold 159.350 acres.

Earnings for three years past were as
Miles.
280
307
317

Years.

—(V, 32, p. 238, 575

School Fund of Texas was

;

V. 33,

p.

254

;

follows":

Gross Earnings.

Net Earnings.

$1,050,017

$388,780

1,151,201
1,599,024

405.289
455,087

V. 34, p. 09.)

interested in the road, and in 18/J a fore¬
of the trustees ot tno
mortgage.
In February, 1880, Mr. Israel Corse., of New York, was
elected President, and in July the, company defaulted on itA interest.
Road placed in trustee’s hands in September, 1880.
(See V. 31, p. 3004
The stock is $1,000,000 Operations and earnings for three years:
paid in the hands of parties

closure suit was begun by

Passenger
Years.

Mileage.

1878.. .2,213,914
1879.. 2,410,053

N. A. Cowdrey, one

Net

Freight (ton)

Gross

Mileage.

Earnings.

Expenses.

8,430,902

$195,110

$290,385

9,928,275
7,492,133

18-0.. 1,990,108
—(V. 32, p. 312, 500, 577; V. 33, p.

530,847
310,102

307,280
291,525

411, 502i V. 31, p.

Earnings.

$205,055'
229.500
51,937

140.)

Fla.,
Genera Khar a if Sayre .—Sept. 30, 1880, owned from Geneva, N. Y., to
(the
The Sayre, Pa., 70 miles; hrancle Ithaca, N. Y., to Cayuga, N. Y., 33 mfies;
,s.
Organized Oct. 2, 1*70, as successor of the
gross earnings in 1877-8 were $103,892; net earnings, $11,319. Tlio total operated, 111 mile
road was ordered sold Sept. 15, 18 <9, to satisfy a claim for $197,009 and Geneva Ithaca Sc At hen s RR.. which had been formed by consolidation
9 years’interest, made by foreign holders of State bonds Issued in ex¬ of "the-Geneva & Hhaea mid Ithaca & Athens railroads, May 2o, 3874.
change for bonds of this company. In Jan., 1882, purchased by Sir In 1880 absorbed the 0 ayuga 6c South. RR., 37 miles. The G. L & A.
Edward Reed and others. E. M. L’Engle, President, Jacksonville, Fla. having defaulted on its interest was placed in the haims ol a Fcceivei,
lb7b, and
March 4, 1875, and t he road was sold in foreclosure S«*pt..
—(V. 32. p. 100, 33 4 ; V. 33, p. 124, 527 ; V. 34, p. 00.)
tills company orvanized in the interest of the Lehigh \alley RR. .The
Fonda Johnstown cf- Clorcrscillc.—Sept. 30, 1 880, owned from Fonda, stock is $350,000 nun., and also pref. slock of $s:>0,000 js authorized.
N. Y., to Gloversville, N. Y., 10 miles; leased, Gloversville Sc Northviilc Gross earnings in 1878 0 were $302 572; expenses. $17.>,l'-3; dtfJvjL
Rll., Gloversville to Northvjlle, 10 miles; total operated, 20 miles. Road $372,8o0. Gross in IS 79-80, $318,104; expensed, $127,999; deficit,
opened Dee. 1. 1870. The stock is $300,000.
Net earnings, after de¬ $109,535. R. A. Packer is President, Sayre, Pa.
ducting interest and rentals, in 1878-9, $10,235; in 1379-80, $33,359.
W. J. Heacock, President, Gloversville, N. Y.
Georgia Pacific.—Projected lino from Atlanta to Mississippi
Fort Madison of Northwestern.—Owned from Fort Madison, la., to Built by Richmond 'Sc. Danville Extension Cu., wnieu lias $o,0u0,uuo
West Point, la., 11 miles. Projected line, Fort Madison to Oscaloosa, subscribed capital. $Ce V. 33, p. 201; V. 34, p. 00.
Florida Central— Owned from Jacksonville, Fla., to Lake City,
50 miles. In March, 1808, the old road was sold by the trustees
Florida Atlantic & Gulf) and this company organized July, 1808.

,




.

■

Raci.

-ii

February,

1882.1

Subscribers will confer
description.
For

explanation of column headings,
v
on first page of tables.

a

great favor by giving

Ac., see »otes

Banking Co.—Stock

Georgia Railroad &
Bonds, not mortgage
Bonds, not

immediate notice of any error discovered in these Tables. Due.
DIVIDENDS.
pal, When
Size, or
Par

Value.

$1,200,000

500

327,000
2.000,000

1.000

1882
1867

1,000

....

land grant, gold (guar, by Pa. HR;
gold, ($1,859,000 are land grant)

Amoimt

Outstanding

$100

....

77A80

mortgage

77
332
332
332
332
219
219
320
292

....

100

....

1,000

1869
1869
1875
1881
1881
1879

1,000

3,500,000

bonds, for $10,000,000
<£ St. Raul—1st mort. coup

non-cumulativo
Gulf Colorado d Santa Fe—1st M., g. ($12,000 p.m.;
Hannibal <& St. Joseph—Common stock
Preferred stock (7p. c. yearly, not cumulative).
bonds, reg.,

convertible
;
bonds, secured by

Bonds 1870,

292
15
53
54
54
28
44
67
120
120

Lane.—Stock

Earrisb. Porlsm’th Ml. Joy <£•
1st mortgage
Harrisburg <£• Potomac—1st mortgage,

coupon

Hartford & Connecticut Valley—Bonds
Hartford & Western Connecticut—Stock
Housatomc—Stock
Preferred stock
1st mortgage, coupon
2d mort. bonds
3d mort., reg

292
....

land notes
Consolidated mort. (for $8,000,000)
Bonds Quincy A Palmyra RR
BondsfKansas City A Cam. RR
Land grant

....

1,000
1,000

1,000
1,000

100
100

....

....

1870
1878
1881

....

1,000
1,000

....

....

1867

....

50
500 Ac.
100 Ac.

....

1853
1874

....

....

of 18G9.

of 1873
noust. Bast cC West Texas.—1st mortgage, gold
Houston c6 Texas Cent.—1st M., (main) gold, l.gr.,s.f
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M.,gold.Waco AN’west (Bremoud to Ross)
Consol, mort., laud grant, Main and Western Div.

76
345
119
58
464

M.
F.
M.
J.

A
A
A
&

S.
A.

F.
M.
J.
M.
F.
J.
J.
J.
J.

7

A
A
A
A
A

1899
1899
1906

Third Nat. Bank.

Y., Winslow, L. A Co.

do
N. Y., Nat.
do

do

City Bank.

N.
J. N.Y.Nat.City

do

Bk.AGalv.

A

N. Y., Company’8 Office
N. Y., B’k. No. America.
N. Y., Farm. L. A T. Co.
N. Y., B’k. No. America.
do
do
do
do
J.

A
A

J.
J.

Pliila., Co.’s Office.

A

J.

Pliila,, Third Nat. Bk.

do

do

1865

500 Ac.
500 Ac.
500 Ac.

300,000

7
6
5
7
7
7
7
7
8

300,000
150,000
532,000

6,262,000
2,270,000
1,140,000

4,117,000

Bridgeport A Boston.
A.
Bridgeport, Office.
do
do
J.
do
do
O.
Bridgeport,
A.
N. Y., Kountzc Bros.
N.
J. N. Y., J. J. Cisco A Son.
do
do
J.
do
do
J.
do
do
0.

Q.—J.

2

100,000

1870
1873
1872

Jan. 15, 1882
Yearly to 1890
1897 A 1910

1887

A.
8.
J.
S.
A.

(?)
820,000

1,000
1,000
1,000
1,000
1,000

do
do
do
do

do
do
do
do

Stocks—Last
Dividend.

1, 1911
May 1, 1911
July 1, 1909
Feb.

1, 1882
Mar., 1885

Feb.

Jan. 1, 1888
Mar. 1, 1911

Jan., 1892
Jan., 1892
Jan. 10, 1882
July 1, 1883
Jan. 1, 1904

500,000

1,180,000

1880
1873
1878
1866

Augusta,Ga., RR. Bank.

A. A O. N.

6

500 Ac.

....

Payable, and by
Whom.

A J. N. Y„

J.

7 g.
7 g.
7
6
8
7 g.

1869

74

..

Equipment bonds

F. A
J. A
A. A
F. A
M. A
J. A
J. A
J. A
A. A

g.

g.
g.
g.

Jan. 16, 1882

Aug. 1, 1885
July 1, 1889
April 1, 1910
Feb. 1, 1883
1893

July 1. 1891
July 1. 1891
July 1. 1903
Oct. 1, 1912

Passenger
Freight (ton)
Gross
Net
Miles.
Mileage.
Mileage.
Earnings. Earnings.
Banking Company.—Augusta, Ga., to Atlanta, Ga., Years.
21,545,303 111.987,174 $1,997,405 *773,913
to Washington and Athens, 60 miles; Warrcnton, Iff?”
292
292
2.561,390 1,256.800
Ga., to Macon, Ga., 76 miles; total operated, 307 miles. The West¬ 1330
19,925.041 120,665,740
ern'Railroad of Alabama, purchased in May, 1875, at foreclosure, -(V. 32, p. 15,100, 145, 310, 420, 65S; V. 33, p. 73, 29S, 303, 687, 734;
is owned jointly with the Central Railroad of Georgia. The Macon
V. 34, p. 32, 177, 204.)
& Augusta Railroad, 76 miles, is owned by this company. The Port
Royal A Augusta Railroad is owned in part by this company. In April,
Harrisburg Portsmouth Mount Joy <£■ Lancaster. — Dec. 31, 1S91,
1881, a lease for 99 years was made to W. M. Wadley and associates at owned from Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch,
8600,000 per year, payable semi-annually, and dividends are 21e per Middletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
cent quarterly from Oct. 1, 1881.
(V. 32, p. 551.) In February, 1882, The property was leased to the Pennsylvania Railroad Co. for 999
the Board resolved to issue $3,500,000 7 per cent certificates based on years from Jan. 1, 1861, the rental being 7 per cent on the stock and
the Steamship Co. earnings, and distribute as a dividend. Mr. Wadley interest on tbe bonds. Operated as a part of main line of Penn. RR.
objected and resigned the presidency. (V. 32, p. 69, 334, 396. 420, 526,
Harrisburg J Potomac—Dec. 31, 1880, owned from Bowmansdale to
551,612.)
Jacksonville, Pa., 25 miles; branch to mines, 2 miles; total operated, 27
Grand Rapids <£• Indiana.—Dee. 31, 1880. owned from Fort Wayne miles.
Extensions are projected to Waynesboro and to Littlestown.
Ind., to Petoskey, Mich., 332 miles; leased and operated: Cin. Richmond Road opened through in 1878. Bonds authorized, $1,800,000. Stock
A Fort Wayne RR., 91 miles; Allegan & S. E. RR., 11 miles; Traverse is $369,175. C. W.Ahl, President, Newville, Pa.
City Railroad. 26 miles; total, 463 miles. This road was opened in May,
1874. For the terms of the lease of Cin. Rich. & Fort Wayne RailroadHartford d- Connecticut Valley.—Sept. 30,1880, owned from Hartford,
The Grand Rap. & Ind. RR. is Ct., to Fenwick, Ct., 46 miles. Opened in 1871 and 1872. In hands of
see that company in this Supplement.
operated in the interest of the Pennsylvania RR. Co., and $1,000,000 of trustees of first mortgage for some time, and reorganization made in
the first mortgage bonds are guaranteed by that company, which buys Feb., 1880, as the Hartford & Conn. Valley, with stock of $1,200,000
the coupons each year that remain unpaid by the earnings, and on Jan. authorized and bonds of $500,000.
1, 1880, held $1,862,170 unpaid coupons. First mortgage bonds
Hartford d- Western Connecticut.—Sept. 30, 1880, the Connecticut
redeemed by the sinking fund are replaced by income bonds issued.
Western owned from Hartford, Conn., to New York State Line, 67 miles;
The company had land grants amounting to 852,960 acres, and sold
in 1880 43,350 acres, for $757,990. The lands unsold were 576,007 leased 2 miles; total operated,'69 miles. Gross earnings in 1879-80,
acres.
The assets were $548,961 in hands of trustees; $670,935 bills $238,810; net, $15,563. Capital stock, $1,S90,100. Permanent property
receivable, and cash with cashier, $123,019. Land sales in 1881 for $5,042,785. No bond interest has been paid since Jan. 1, 1876. Foreclo¬
On
nine months to Oct. 1, $454,3S2. Operations and earnings for four years sure suit begun in 1S80, and the State Treasurer took possession.
May 25, 1881, bondholders re-organized, and stock in new company is
past were as follows:
issued for bonds. (V. 32, p. 577; V. 33, p. 23, 73, 153.)
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
Housatonic.— Sept. 30, 1880, owned from Bridgeport. Conn., t© State
332
14,448,942
33,713,086 $1,137,539 $316,507 Line, Mass., 74 miles; leased—Berkshire Railroad, 22 miles; West Stock332
1,097,107
13,863,997
35,633,459
348,745 bridge RR., 3 miles; Stock bridge & Pittsfield RR., 22 miles; New York
332
42,437,701
15,184,660
1,200,629
242,458
127 miles. Tho
51,267,197
1,345,134
432,645 Hons. & Northern RR., to Danbury, Conn., 6 miles; total, laying the road
332
17,823,880
preferred 8 per cent stock was issued in 1S45 to pay for
with heavy iron. The company has voted to issue $700,00k) of 5 per
-(V. 32, p. 155; V. 33, p. 47, 225, 622, 716.)
cent bonds to take up $400,000 prior bonds, and to lay steel rails.
The
Green Bay Winona cC- SI. raul.—Dec. 31, 1891, owned from Green road does a steady business, as may be seen from the following state¬
Bay, Wis., to Marshland, Wis., 209 miles; branches, 10 miles; total, 219 ment of its operations and earnings for three years past:
miles. This was a reorganization in;188l of the Green Bay A Minne¬
Passenger
Net Div. %
Freight (ton)
Gross
sota, which company made default and the road was sold March 12, Years.
Mileage.
Miles.
Mileage.
Earnings. Earnings. Pref.
1881. See full statement of debt and plan of reorganization in Chron¬
126
6,162,592
11,528,000 $569,198 $208,253
8
icle, V. 31, p.453. Pref. stock is $2,000,000, and entitled to 7 per
126
598,335
8
6,340,830
12,741,554
248,420
cent when earned, and common stock $8,000,000, both stocks in $100
740,997
8
126
7,325,680
17,890,190
247,283
shares.
In 1880-81 net earnings were'$114,106. (V. 32, p. 69, 100,
—(V. 33, p. 559.)
368, 396, 636; V. 33, p. 441, 580, 587, 641, 736.)
Houston East d: West Texas.—Dec. 31, 3 880, owned from Houston, Tex.,
Gulf Colorado d Santa Fc.— April, 1881, road built from Galveston to to Livingston, Tex., 76 miles. (Narrow gunge, 3 feet.) It is intended to
Belton, Texas, 226 miles. Road opened late in 1S78 (63 miles), and sold build to Marshall. The company has a Texas land grant of 10,240
and reorganized April 15, 1879. An extension is in progress. Stock, acres for each mile constructed and equipped. Bonds issued to the extent;
$1,250,000. (See report in V. 32, p. 12. and April 30, p. 4 of advertise- of $7,000 p. m. Paul Bremoud, Prest., Houston.
Dnents.) George Scaly, President, Galveston, Texas. (V. 32, p. 312; V.
Houston (C- Texas Central.— April 30, 1880, owned from Houston. Tex.,

Georgia Railroad d171 miles; branches

-

2D
Q.-J.
•, J. A J.
7
J. A; J.
6
T
J. A J.
7

3ka

700,000
507,200

Where

Payable

1,182,550

100

....

When

Cent.

3D
8
7
6
8
10

100

....

....

Rate per

400,000
5,000,000
4,000,000
2,957,000
1,043,000
1,600,000
3,781,000
3,840,000
9,168,700
5,083,024
4,000,000
140,000
3,000,000
433,000
1,200,000

6781 187-9.0
781
income mortgage
Green Bay Winona
2d mort. income

Bonds— Princi¬

INTEREST OR

....

....

Certificates
Macon & Augusta, 1st mortgage
Grand Rapids & Indiana—Stock
1st mort.,
1st mort.,

Date
Miles
of
of
Road. Bonds

307

XXXI

STOCKS AND BONDS

EAILKOAD

33, p. 47, 470, 502 ; V. 34, p.

114.)

.

r

Austin,
operated—
553
Div.,
the State of
the line
reported,

to Denison, Tex., 311 miles; branches—Hempstead, Tex., to
Joseph— December 31, 1831, owned from Hannibal, Tex., 115 miles; Bremoud, Tex., to Ross, Tex., 54 miles;
Mo., to St. Joseph, Mo., 206 miles; branches—Cameron to Kansas City, Texas Central Railroad. Ross to Morgan, 43 miles; total operated,
53 miles; St. Joseph to Atchison, Kans., 19 miles; Palmyra to miles. Opened March 11, 1873.. Tho Austin Branch, or Western
Quincy, Ill., 15 miles; total operated, 293 miles. The main line was was opened in 1871. The company has a land grant from
opened February, 1859. Tho company had a Congressional land Texas of 10,240 acres per mile, amounting to about 5,130,720 acres;
grant and received $3,000,000 in bonds from the State of Missouri, which but the lands, as in the ease of other Texas roads, are not on
loan was repaid in Juno. lgSl. On Jan. 1, 1881, the company had of the road, and much of the land will be made available, it is
58,081 acres of land unsold and 36,003 acres on which contracts were by tlie construction of the Texas A Pacific line.
canceled. The land notes are pledged as security for the bonds of 1878.
$7,722,900. In 1877 the company was
Preferred stock has prior right to a non-cumulative dividend ot 7 per was made for a Receiver; but the difficulties were adjusted by the issue
of income and indemnity bonds (paid off July, 1881), and Mr. Morgan,
cent; then common to 7; then both share. Prices of stock as follows :
of the Louisiana SS. Line, bought a controlling interest in the stnek.
-Preferred.
-Common.The general mortgage of 1881 for $18,500,000 is made to the
1881.
1882.
1881.
1882.

Hannibal <£ St.

January
February

96V 94*4

March

-

April

-

May

-

June

-

July
August

-

September

-

October
November

-.
-

-

December

lllil-lOGti

<>014-

59 V
59 *4
85 93 -

110

xears.

105 -100
116 -104
116 VI12




292

15,639,719

292

19,108,676

Freight (ton)
Mileage.
80,764,682
100,012,716

trustee. Last report of

1S79

annual statement has been
general balance December 31, 1880:

No other

the

121 -112
117 -HID
114 VI09
116 -109D

Construction A equip.
Real estate..
State lands

$1,931,365

2,045,450

Net

Earnings
$795,479
780,355

$1,733,677

$3,711,000
3,205.684
2,920.996
published, and the

118-xl074
117VH14

Gross
Earnings.

Farmers*

earnings gave the following:
Net Earn’gs.

Gross Eam’gs.

187^

855g

965a- 94
98V 91*4

Passenger
Mileage.

Trust Co. as

1880

82 •
94%- 89 78
98 - 91
350 - 9;d
100 - 85

Miles.

Loan A

107-4- 94
105 V 96

515s
561*

Earnings and operations for four years have been as follows

v

-100 kj

The capital stock is
embarrassed and application,

GENERAL BALANCE,

Sundry securities
Materials and supplies
Bills receiv. and cash.
Current accounts
Total

—(Y. 32, p. 414.488,

DECEMBER

1,431,913
1,108,957
following is

31, IS80.

$7,726,900
15,234,500

$24,058,521 Capital stock
983,176

5,496,82 •
558,981
340,346
378,044 ,
213,560 |

$32,029,457 |

Funded debt
State school fund
Bills payable
Interest accrued

292,786

loan

1,731,045

99,010
330,030

Pay-rolls,vouchers,Ac.
Surplus

578, 612, 685; V. 33, p.

6,615,184

$3.\029,457

Total

404; V. 34

,

p.01, 114.)

Subscribers will confer a

great favor by giving

explanation of column
on

Houston d Tens

Miles

Date

Size, or

of

of

Par

headings, Ac., ecc noto;

first page of

Central—( Continued)—

58
58
58

(,320

j
•

I

i

.

j

j

!

convertible

j

2d mortgage, coupon or reg
1st mortgage, gold, Eastern

Division
|
Springfield—1st mort., gold;

^

2d mortgage

Ithaca Auburn d West.—1st mort. (for
2d mortgage, (income for 3 years)

$500.000)

1st mortgage

•

•

ioo
£200
£200
£200

1875
1871
1875
1877

1,000

100
100 Ac.
500 Ac.
100 Ac.
500 Ac.

1879
1879"
1879
1879

|

j

500 Ac.

1870

1,000

18 i

1869

100
500 Ac.

38is
38^

1877

100 Ac.

72
72
72

54

& 2d inorts. (Hawley Branch).

/Susquehanna to Carbondale)

9
38

1880
1867

5001
1,000
3,000
1,000

1,000
1,000

=

Huntingdon d Broad Top.—Dec. 31,1S31, owned from Huntingdon,
Pa., to Mt. Dallas, Pa., 45 miles; branches—Shoup’s Run,9 miles; Sixmile Run, 5 miles; and Sandy Run, 3 miles; total operated. 62 miles.
Tiiis road was opened in July, 1856. The capital stock is $1,266,450 com¬
mon and $1,923,000 7 per cent preferred stock.
Interest in default on
the consolidated mortgage bonds was funded into stock, including April,

187-90

3’2
6 g.
5 g.
5 g.
0

6
7 g.

137,300
1.500,000
3,000,000
1,800,000
1,000,009
1,3 00,000
2,000,000
906,000
500,000
1,700.000
1,450,000
4.623.500
2.947.500
2*94,000
498,090
1,000.000
200,000

Gross

and interest to be resumed at 5 instead of 7. Earnings
in 1881, $332,653; net, $183,363.
(V. 32, p. 155, 368.)
minors Central—Dec. 31,1880. mileage was as follows : Main line—
Chicago to Cairo, 365 miles; Dunlcith to Centralia, 341 miles. Branches—
Otto to Colfax and Minonk, 101 miles; Gilman to Springfield,111 miles.

miles;
State Line.
1,320

Total owned, 918 miles. Leased—Dubuque to Iowa Falls, 143
Iowa Falla to Sioux City, 183miles; Waterloo to Minnesota
76 miles. Total leased, 402 miles. Total operated Dec. 31, 1880,
miles.
This company was organized in March, 1851, and

the whole road

O.

London,Morton R.A Co.

D.
J.
A.
J.

do
do
N. Y., Treas.’ Oiliee.
do
do

Jan.

Corbin Bank’gCo.
do

A J.
A J.
A D.

do
do
do

do
do
do

7
ry
i

v.;

7
6.

lkj
7
7
n

4

r*

4
rr

4

April 1, 1909
June 1, 1921

April 1, 1921
July
April
July
Oct,
July

—(V. 32, p. 15,

1911
1911
1919
1900

1, 1881

July

i,

1910

1887 A 1889
Jan. 1, 1889

$1,196,416

669,053

,
$527,363
$192,000
90,000— 282,000

$245,363
ending June 30,1878-9 and 1879-80, wore:

Net Earn’gs.
$1,085,938
$375,700
491,086
2
1,180,347
69,100, 155, 313, 335, 444, 468; V. 33, p. 468, 527, 641
Miles.
202
202

Years.

1,
1,
1,
1,

1903
1900
Mcli. 1, 1882
Oct. 1. 1917
1907
Jan. 1, 1907

and rentals

bonds

Earnings for two years

1895

April 1, 1919

-

surplus

1890
1895

Jan. 1, 1900
April i, 1909

J. & J. N. Y„ Am. Ex. Nat. Bk.
J. A J. Houesdale Nat. Bank.
J. A J. N. Y.. by Erie Railroad.

6

1921

1, 1905

-

earnings

716.)

-

1915

1»89
1882
1895
April 1. 1903
Dec. 1, 1905
Jan. 1. 4898

A. A O. Now York, Co.’s Office.do
do
J. A J.
A. A 0. London and New York.
Various N. Y.; Union Trust Co.
do
do
A. A O.
do
do
J. A J.
F. A A. N. Y., Farm. L. A T. Co.
do
do
M. A N.
Boston.
Q.-M.
A. A 0. N. Y., Nat. Park Bank.
J. A D. N. Y. City, Treas. Office.
do
do
J. A J.

earnings

Net

N. N. Y.t J. J. Cisco A Son. May 1,
do
do
April 1,
0.
Oct. 1.
O.
Philadelphia, Olhce.
•Feb. 1.
do
do
A.
do
do
April 1,
0.
Dec. 1,
do
do
D.
Mar. 1.
N. Y., Treas.’ Cilice.
S.
London.
O.
April 1.

do

J.
J.
J.

C» g.

Interest chargos
Six per cent on income

1881, coupon,

Dividend.

A. A O.

Operating expenses .taxes
Net

pal,When Due.
Stocks—Last

Whom.

A J. X.Y.,

J.

7
3 to 6
6
3 to 6
o gc> g.
5 g.

300.600
2.000,- 00

1.000

1869

7

3,500.000

1881
1881
1869
1870
1871
1867

o*

5

600,000

1,000
3,000
1,000

18811831

7

4,175,000
8,500,000

■

M. A
A. A
A. A
F. A
A. A
J. &
M. A
A. A
A. A
J. A
J. A
F. A
J. A

6 g7 g.

and by

Where Payable,

Payable

8

260,000

1,000

1878
18 75

54

bonds

Jefferson (Fa.)—1st

706
706
706
111
101
117
542
202
202
202
202
140
152
152

•

117

A £j
'

Jacksonville Southcast.—Stock
1st mortgage

1,000

500
500

117

I

Equipment bonds
ladtanqpolis d Vincennes— 1st mortgage, guar
2d mortgage, guaranteed
Ioica Falls d Sioux Cily—Stock
1st mortgage. April 1. 'GO

discovered in tlicse Tables.
Bonds—Princi¬

When

Rate per
Cent.

$84,000
4.000,000
41 6,000
367,500
1.407,000
118,894
29.000,000
2,500,000
4,200,000
1,000,000
1,600,000

1,000

•

Scrip for interest 1st and ‘2d mortgages
Illinois Central—Stocir
i
Mortgage bonds, sterling
Sterling bonds, (sinking fund £20,000 yearly)
Mortgage, sterling
Boiuft, coup. ($2,000,000) M. on Oh. A Si'. KP.
Bonds, reg. ($200,000), mort. on Middle Div
Illinois Midland— 1st mortgage, gold
Indiana Bloomington d: West.—Stock
1st mort., pref., coup, or reg
1st mortgage, coup., may be reg

Outstanding

$1,600

1865

522

2d mortgage, gold
3d mortgage ,consolidated

Indianapolis Decatur d
2d mortgage, gold
Ind. d Ecansv — let M.t gold (for $3,380,000), $
Indianajiolis & SI Louis—1st mort., in 3 series

1875
1j?81
1854
1857

53

land grant, Vaco A Northwest
Gen. mort., gold (for $18,500,000)
Huntingdon it Broad Top—1st mort., gold

Amount

Value.

Road. Bonds

tables.

Consol, mort.,

Ineome bonds, reg.,

immediate notice of any error

[VOL. XXXIV.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND BONDS.

KAILROAD

XXX11

Tndianctpolis Decatur d

Gross Earn’gs.

Springilcld.—August. 31, 1881, owned from

opened September, 1855. The terms of the leased lines in Iowa are Decatur, Ill., to Indianapolis, Ind.. 153 miles. This company is successor
given under the names of those companies.
The general mortgage of to the Indiana A Illinois Central Railroad. In Dec., 1881, was leased to
1874 provides for all bonds outstanding. It is limited to $15,000,000. Indianapolis Bloomington & W. for 50 years, at 30 per cent of gross
The Illinois Cent, was one of the first, and lias been one of the most suc¬
earnings, but with a guarantee of $200,000 per year. A new adjustment
cessful, of the land grant roads. The company acquired a controlling proposed iu April, 1831 (see V. 32, p. 5(51, V. 33, p. 303), w;is carried
interest in tho Chic. St. Louis & N. O. RR. to whioh it made large out in November, and the above 2d mortg. bonds issued, and $2,850,000
advances, and owned $6,670,000 of the stock. The Chicago & Spring- of 7 per cent pref. stock. Common stock is $500,000. Gross earnings
field RR. was a reorganization of tho Gilman Clinton & Springfield in 1879-SO, $339,850; net, $142,684. In 1880-81 gross, $191,487 ; net,
in 1877, and is leased to tho Illinois Central and virtually owned by it. $159,178.
(V. 32, p. 500, 636; V. 33, p. 303, 358, 440, 588, 641, 687;
The annual report for 1831 says: “Tne gross traffic of the line for the V. 34, p. 62.)
past year was $3,586,307, against $8,304,811 for the year 1880. Tho
Indianapolis d Eransvllle.—ln progress Indianapolis to Evansville.
tonnage carried shows an increase of 5-72 per cent over that of the
previous year, while the gross earnings show an increase of 3 01 per Bonds issued in London May, 1831. R. G. Hervey, President, Evans¬
.cent.
The net result is $3,227,181, and is $251,830 less than that of
ville, Ind.
1860. The net receipts from all sources were as follows: From traffic,
Indianapolis d: SI. Louis.—Dec. 31,1880, owned from Indianapolis to
$3,227,131; from laud, $123,932; from interest on bonds. $161,105 ;
from premium on C. St. L. A N. O. Railroad bonds sold, $150,000; total, Terre Haute, Ind., 72 miles; leased line, St. L. A. A T. H, 189 miles, and
13,062,219. The interest on the debt and two dividends on share capi¬ branches, 6 miles; total oporated, 267 miles. The lease of tho St. L. A.
tal were paid, besides $925,380 for extraordinary expenses iu Illinois.” &T. H. was guaranteed by three other companies, and suit lias been
Income for four years prior to 1881 was as follows :
pending as to the rental. The c ompany is controlled by tho Pennsyl¬
1S80.
1879.
vania Company, which owns the stfck of $600,000, in connection with
1877.
1878.
$
$
the Clove. Col. tin. A Ind. Of tho fl rst mortgage bonds series “A” are J.
$
$
4,909,391 & J.; series ”B,” M. & 8.; series “C,” M. & N. Interest has not been
4,423,545
Total ineome
3,625,537
4,164,074
$
$
paid on the second mortgage anu equipment bonds since April, 1878.
Disbursements—
$
$
708.702 Operations and earnings for five ycuu. past were as follows:
615,830
Rent’lspd.onla.lines
587,913
616,330
Net

«

Dividends
Construction in Ill..
Miscellaneous

582.900
3S2,927
1,160,000
73,604
48,000

669,350
392,190
1,740.000
38,723

Total disbursem’ts.

2,835,434

3,493,542

790,103

665.532

Interest on debt
Taxes

Balance, surplus

669,484

672,600

395,011
1,740,000

444.125

1,710,000

386,016

842,323

41,944
3,806,341

617,204

4,407,750

501,641

—(V.32, p. 155, 229; V. 33. p. 357, 641; V. 34, p. 144, 177.)
Illinois Mid-land—June 30. 1881, operated from Terre Haute, Ind., to
Peoria, Ill., 176 miles, of which 148 miles arc owned and 28 miles leased.
This was a consolidation Nov. 4, 1874, of the Peoria Atlanta & Decatur,
Paris A Decatur and Paris & Terre Haute. Receiver appointed Sept.
11, 1875.
Earnings iu 1879-80 $323,096; expenses, $307,469. In
1880-81, gross receipts, $385,615; expenses, $395,391. L. Gents, Pres,
and Receiver, Terre Haute, Ind. (V. 32, p. 636 ; V. 33, p. 124.)
Indiana

Bloomington d Westcni.—'This was a

consolidation in March,

1881, of the Ind. B. A W. and the Ohio Ind. A Pacific. The I. B. & W.
owned from Indianapolis. Ind., to Pekin, Ill., 202 miles; track used
on rental, Pekin to Peoria. 10 miles; total. 212 miles.
The company

Mileage.

265

Years.

10,889,483
8,211,025

1876
1877
1878
1879

266
266
266

1S30

260

10,865,239
12,209,092

15,285,443

Indianapolis <£ Vincennes.—Dec.

Gross

eight (ton)
Mileage.

Passenget

Miles.

-

Earnings.

$1,657,863

100,902,991
92,684,115
85,300,579

Earnings.

$131,645
477,882
315,115
491,149
608,413

1,385,874
1,347,246
1,493,876

102.630,114

2,009,922

148,947,237

Indianapolis,

31. 1880, owned from

Pennsylvania Company ownaa
road, ad vane mg the
capital stock is $1,402,000.
in 1878, $o,349.

Ind., to Vincennes, Ind., 117 miles. The
controlling interest in the stock and operates the
deficiency to pay interest on the bonds. Tho
In 1830 the earnings were $57,416; in 1879, $64,025;
Annual interest on debt amounts to $206,000.

owned from Iowa

Ioica Falls d Sioux Cily—June 30,1881,
to Sioux City, la., 184 miles. This
was
leased to the Illinois Central for 207years
of 36 per cent of the gross earnings.
drawback of 10 per ct. on business to and from
A 8. City RR., and receives rental for

Falls, la.

opened in 1870 and is
from Oct. 1, 1867, at a rental
This company also receives a
tlieir line over the Dun.
26 miles of its road used bv tne

road

gut under construction its Eastern Division from IndianapoliswasSpringeld, Onio, 140 miles, The Cincinnati Sandusky & Clove, to leased
April. 1881—Sandusky to Dayton, 154 miles; branch, Carey to Findlay,
lb miles. But of this, 24 miles (Springfield, O., to Dayton) is leased to

but 146 miles; also with it the
Columbus Springfield A Cincinnati road, Springfield to Columbus. 44
miles; total, 190 miles. Total operated 402 miles, and 140building. In
December. 1881, leased the Indianapolis Decatur & Springfield road,
guaranteeing $200,000 per year.
The former Indianapolis Bloomington A: 'Western Company defaulted
Oct. 1,1874, and a Receiver was appointed Dec. 1, 1874. The road was

Cincinnati and Springfield, leaving

sold In foreclosure Oct. 30, 1878, and the company reorganized. Interest
is on the first mortgage bonds 3 per cent per annum for the first three
years, 4 per cent for the succeeding two years, 5 per cent for the suc¬
ceeding three years, and then 6 per cent until maturity. The mortgage,

by its terms, cannot be foreclosed for non-payment of interest until
January 1, 1884. The second mortgage bonds bear 3 per cent per annum

Williams is President,

Clinton, la.

Ithaca Auburn d Western.— Dec. 31,1881, owned-from
Auburn, N. Y., 3332 miles; track to Cortland,
Y. A Oswego Midland ItR., Western Extension, was
and this company organized 8cpt. 20. 1876. as
stock is $970,100. Expect to extend road to Ithaca
II. R. Low.

President, Middletown,

Jacksonville

suffice to
dividend of 7 per cent
stock. After
is convertible into

exceeding 0 per cent per annum, as the net ea”i.mgs may
pay. $330,000 stock scrip was issued entitled to a
per annum, after a dividend of 8 per cent on the common
the payment of a 7 per cent dividend, the stock scrip
common




stock.

Earnings and expenses in 1880 were as

follows:

owned from

lOCctlj rkrj Jlj.Uwo*

IU

Jacksonville to

Nortliw. & Southeast.
Vernon, 125 miles, Dbims
$600,000. In 1874
under this name, in
$200,000 issued. In year
earnings, $83,000; net, $43,814.

Litchfield, Ill., 54 miles. This wrs the Jacksonv.
RR., projected from Jacksonville to Mt.
were issued at $20,000 per mile, amounting to
company was reorganized by the bondholders
the road was extended 23 miles and bonds for

ending June 30, 1881, gros3
not

N. Y.

Southeastern.—July 1.1881,

Freoville to

11 miles, used. The Is.
sold in foreclosure,
tho successor. 1 no
in Spring of 1882.

JJGl

L<J LUKj

lO ivi vii n ibj

.rr

l

and now operated by tho N. Y. Lake Erie & west.
Capital stock, $2,096,050. Edward Clymer, President, Reading, Pa.

7 per

cent, on the bonds,

February,

KAILKOAD STOCKS

18S2.J

Subscribers

description.
Fnr
For

headings, Ac., see notos
tables.

explanation of column
espianai ^ ^ page of

Jeffersonville
Mad.

Jeff

do

1st mortgage.

(Del. St. loan)

Gentral—1st mortgage (for $2,400,000)
City Fort Scott £ Out/-—Stock, common
Stool:, preferred....
1st mortgage, laud.,grant, *iuk fund
Mortgage ou branches
Kansas City Lawrence £ Southern Kansas—l st mort
Southern Kansas & Western—1st mortgage

1S65
45

1876

1879

84

Kentucky

•

&

2d mortgage
Sd mortgage

1880)...........

General mortgage (payable after
Keokuk £ Dcs Moines-- 1st M., int.guar.
Knox £

Lincoln—1st mortgage

Knoxville £ Ohio—1st M. (payable
New bo nds for $1,300,000
Lake Eri e£ Western—Stock
1st mortgage,
Income bonds

C. R. I. A P.

at any time) —

gold

convertible (not cumulative)
Sandusky Extension, 1st mortgage
do
' do
income bonds
Lafayette Bloom. & Muncie, 1st mort., gold
do
do
inoomo M. con. (non-cumul.)
Lake

mortgage, gold

Ontario Southern— 1st

•

....

•

«

•

•

.

18S0
1880

1.000

1881

1,000

175
119
18
1-19
80
80
150
162
49
38

365
165
.

_

^

«

21
21
200
200
50
....

1,000
1.000

....

1,600

1879

1,000

1,000
1,000
1,000
1,000
1.000

•

•

•

1877
1878
1879
1880

425,887
492,863

1,150,014
1,246,333
1,338,565

186

186

-(V. 32, p.

$499,033
541,533

Kansas

533,500

Qulf.—Dec.

Kentucky

have been as follows:

Years.
1878
1879
1880

..

..

..

Miles.

Passenger
Mileage.

5,203,933
5,585,154
305
8,819,638
231, 393; V. 33, p. 74,
160
160

p. 0.
7
7
7

GL2

Gross

yoars

was

too

$3,o00 for $2,000 cash.




See V. 33, p.

153.

April 1, 1909
Feb. 15, 1882

Boston.
do

A.

J. Best., Nat. Webster
do
do
8.
O. Boston, Nat. Union
do
do
J.
do
do
8.
Boston.
N.

Sept. 1, 1910
Apr. 1, 1909
Jan. 1, 1910
Sept. 1. 1910

Bk.
,

1921

May, 1881
March,

Now York Agency.
N.

1883

June, 1885

do

do

15,1882
1, 1908

Feb.
Julio

Bk.

Cincinnati.
Y., Bank of America.
Y.,Farm. I;. A T. Co.

Host., Hide A L’thorBk.
N. Y., R. T. Wilson A Co.

Bk.

July 1, 1911
Oot. 1, 1923
1880-1902
Jan. 1, 1906

1919
15, 1899

Aug. 15.

Aug.
Aug.
Aug.
May
May
Feb.

do

do

F. A A.

1.

1882

owned from Covington, Ky., toLex-

$833,835

.

$203,750

$553,339

608,029

149

->

447.078

149
150

Keokuk £ Dcs

Moines.—June 30,

/—Divid’s, p.et.—N

Earnings.

705,127
-'(V. 32,£p. 10 , 120, 612, 636; V. 33,
146.)

Prof.
6

Cow,
2
2

6
222,514
1
143,616
1
G
214,472
71G; V. 34, p.
p. 47, 100, 358,

1831, owned from

Keokuk, la., to

This was a reorganization, Jan. 1,1874, of
Div., sold in foreclosure Oet. 17, 1873.
for 45 years from Oct. 1, 1878, to tho Chicago
Rook Island A Pae. RR. on the terms following: that tho lessee pay 25 per
cent of the gross earnings to this company, but guarantee tho interest
(not the principal) on the present bonds. The stock is $1,524,600 of 8
per cent preferred and $2,600,400 of common, a majority of which is
hold by tlie lessee. In the year 1878-9 gross earnings were $565,566.
in 1879-80, $639,738, leaving $22,447 over interest charges. A divi¬
dend of 1per cent on preferred stock was paid Deoember, 1881.
Knox £ Lincoln.—Sept. 30,1881. owned from Bath, Me., to Rockland,
Me., 49 miles. In 1882 leased to Maine Central for $60,000 per year for
t wenty years, and $72,000 afterward. The stock is $354,580. John

Di^ Moines, la., 162 miles.
the Dee Moines Valley Eastern
The property was leased

$115,567

1,222,867

.

Net

Gross

Earnings.

.

1881

525,915

332.811

L.A S. K. was formerly tho Leav. Law. & Gal.
sold in foreclosure Aug. 9, 1878, and purchased by boudrs’ auc*Presout company organized May, 1879. In November,
1880, the consolidation of the three roads abovo named was made, and
tho consolidated stock of $3,759,000 was purchased in the interest of
the Atchison Top. & 8. Fe with the 5 per cent bonds of that company
(through its auxiliary corporation, tho Kansas City Topeka & Western),
according to the terms of the oircular published in tho Chronicle of
Nov. 27, 1880 (V. 31, p. 559). The present bonds ..carry 4 per cent
till 1882, 5 in 1832-3, and G thereafter. (V. 32, p. 16; V. 33, p. 74.)
Kansas City Springfield £ Memphis—This organization embraces
two corporations under the laws of Missouri and of Arkansas to build a
roau from Springfield, Mo., to Memphis, Term., at an estimated cost of
$o,600,600. The Kansas City Fort Scott & Gidf will appropriate 15 per
cent of gross earnings on business to or from the new road to pay in¬
terest on the bonds. Each holder of 50 shares K. City Ft. 8. A G. stock
had the right
to take $1,500 in stock of the now Missouri corporation
tor $1,500 m cash, with $2,000 of tho bonds for $500 in cash—making

?

1890
Fob., 1896

1, 1919
1, 1920
1, 1919
M. A N N. Y., Metropolitan Bk.
1, 1899
do
do
Yearly.
A. A 0. N. Y„ Union Trust Co. April 1, 1910
Feb. 1. 1882
Q.-F. N.5 ..Grand Cont.Oflice.

Miles.
149

1380(3 mos.).

Kansas

total, 351 miles. The K. C.

1. 1882
Ai>ril 1. 1900
July

Office, 80 Broadway.

F. A A. N. Y., Metropolitan
do
do
August.
do
do
F. A A.

past were:

1878-79
1879-80

Freight (ton)
Earnings. Earnings.
Miloago.

124, 153.)
Oily Lawrence £ Southern Kansas .—Dec. 31, 1880, owned from
Lawrenoc, Kan., to Coffeyville (Indian Tor. Line), 144 miles; branches—
Ottawa Junction to Olathe, 32milos; Cherry vale to Independence, 10
nines; South Kansas A West., 144 miles; Sumner County RR., 21 miles’;

-(V. 32, p.

O.
A.

Central.—April 30,1S81,

Years.

Not

895,864

July 10, 1907

new

31,1880, mileage -was as follows

32,301,278
35,972,107
49,435,615

1, 1906
July 1, 1910

do

Maysville, Ky., 51 miles; total
Covington & Lex.formed, and
RR.,wliich
was
RR. was taken Nov.
stock
purchased by Mr.
and an extension
from Paris to Livingston, Ky., 70 miles, will bo made. The general
mortgage of 1881 was sold to stockholders at 6623, and 25 per oont of
stock given as a bonus. Tho old prof, stook was retired. Enough
of this general mortg. of 18S1 is reserved to retire the prior bonds, and
there is an option in this mortgage to retiro tho bonds after five years.
The fiscal year now ends Deo. 31. Operations and earnings for four

Springs, 1 GO miles; branches—Union
Transit, I mile; Springfield to Ash Grove, 19miles; Weir City to Parsons
(N.G.). 31 miles; total owned, 211 miles. Leased—Junotion to Golden
City, 49 miles; Arcadia to Coal Mines, 2 miles; Baxter Springs to Joplin,
15 miles; Rich Hill Junction to Carbon Centre and Rich Hill, 28 miles;
total leased, 91 miles. Total operated, Doc. 31,1880, 305 miles.
This company was organized April 1. 1879. as successor to the
Missouri River Fort Scott & Gulf, which made default October 8,
1873, and was sold in foreclosure February 4,1879. The first mort¬
gage bondholders of the old road took 80 per cent in tho new mort¬
gage bonds, and l’or all other claims stook was issued. In May, 1S80,
new bonds on branches were issued, as per oircular, V. 30, p. 465.
Total value of land assets, $899,862. Operations and earnings for three
years past

do

Oct.

do

ington, Ky., 99 miles, and Paris, Ky., to
operated, 150 miles. This was formerly the
was foreclosed in 1859.
In 1875 the present company
took possession May 1, 1875. Tho Maysv. & Lex.
17, 1876. In June, 1881, a majority of the
was
C. P. Huntington of the Chesapeake & Ohio road,

New York City.

City to Baxter

«

0 s2
5

49,466,500

100
100

6 g.
7
0
7
6 g.
n

450,000

Leavenworth to Garrison,
April 14,1879.
T. Smith, President,

City Fort Scott £

.

1,000,000

Central.—May 1,1879, owned from
Kan., 119 miles. Sold under foreclosure of first mortgage
Reorganized April, 1879. Stock, $501,000. L.
Leavenworth, Kan. (V. 32, p. 232.)
Main line—Kansas

6
7

600.000

31,1881, owned from"Jersey City to Bergen
gToss earnings were' $224,817; net, $80,were $228,7o8: net, $84,457. Stock is
$105,150. William Keeney, President, Jersey City.
Joliet £ Northern Indiana.—Deo. 31, 1881, owned from Joliet, Ill., to
Lake Station, Ind., 45 miles. Operated as part of the Michigan Central
main line. Road opened in 1854 and leased to the Mich. Cent, at 8 per
cent on tho bonds. The Micb. Cent, declined to pay 8 per cent, and the
above issue of bonds definitely guaranteed wa3 given as a compromise.
Junction (Philadelphia)Deo. 31, 18 ?1, owned from Belmont, Pa., to
Gray’s Ferry, Pa., 3*6 miles It connects various lines coming into Phila¬
delphia. Capital stock, $250,000. Not over operating expenses in 1881,
$69,856. Dividend, 14 per cent. (V. 32, p. 420.)
Junction £ Breakwater.—Dec. SI, 18S0, owned from Harrington to
Lewes, DeL, 40 miles; branch to Rohoboth, 5 miles; total operated. 45
miles. Gross earnings, 1880, $75,281; not, $35,576. Stock is $305,000.
MeCready, President,

r>

327,000

205.)

Kansas

7
6

1,815.000

Jersey City £ Bergen— Dec.
In 1878
Point, N. J., 6 miles.
421. In 1S79 gross earnings

N. L.

no

J. N. V., Fa-m. L. A T. Co.
J. Phiia., 233 So. 4th St
do
do
O.
J. Lewes, Del., Treasurer.
do
do
A.

M. A N.
M. A S.
J. A I).
J. A ,T.
A. A O.
Various
J. A J.

4

2,500,000

....

Feb., 1882

L. A T. Co.

N. Y.t Farm.

....

ry

1,485,000

1880
18S0
1879
1870
1S80
•

-

(0

1879

Earnings.

Earnings.

$1,176,174

7
5 to 6
7
7
G
1

7,700,000

afterward. Earnings for Gross
four years past were as follows: Div.
Net
Miles
1G1
186

4

500,000

500

Madison £ Indianapolis—Dec. 31,1881,

Years.

•r

2,750,000
2,335,750

100 Ac.

>

4

4,334,000

Co.

cent

*

233.000

1,000

20
The

6 per

nr

1,823,000

....

....

1853
1855
1881
-1878
’69-’72
1S76

owned from Louis
Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Columbus, Ind., 46 miles; Columbus, Ind., to Sheibyvillo, Ind., 24 miles:
Jeffersonville, lad., to New Albany, Ind., 6 miles; Shelby & Rush RR.
miles; Cambridge Extension, 21 miles; total operated, 224 miles
road was leased anew from January 1,1880, to the Pennsylvania
Company, the lessees to pay over all tho net earnings to the J. M. & I
In 1331 the Penn. Company purchased $1,939,000 of the stock
Dividends were at the rate of 7 per cent per annum till May, 1880, and

Jeffersoyiv.
ville, Ky., to

0

2,033,000
2,940,000
,

A
A
A
A
A
A. A
F. A
F. A
A
Til. A
A. A
J. A
M. A

6

3,000,000
6,083,500
792,000

1880
1879

T.
,T.
A
J.
F.

6

266.000

1S79

170

Whom.

/

7
6

3,056,900

1,900
1,000
500 Ac.
1,000

ISO

Stocks— Last
Dividend.

and by

Where Payable

A. A 0.
J. A J.

7
7

400,000
250,000
504,000
4,000,000
2,750,000

1.000

When

pal,When Due.

Pay'olo

Q.-F.

ll2

410,000
300.000

....

1181

Shored Michigan Southern—Stock.*
Guaranteed 10 per cent stock

Lake

•

Cent.

800,000

1,000
1,000
1,000

....

....

Memphis—1st mort

Central—Stock —.

.

.

,

....

1,000

....

....

....

,

RR—1st mortgage

1877
1862

Rate pei

2,382,000
2,000,000
385,000

1,000
....

....

4%

Bonds—Prlnci-

INTEREST OR

$2,000,000

1866
1870

6
44

Kansas

Springfield £

Outstanding

$100

159
159

Kansas

Sumner County
Kansas City

Amount

par
Value.

226

•■ ■ ■■■■

'umled debt

Junction £ Breakwater

Size or

of

Road. Bonds

Indiana—1st mart., guar by M. C.
(Pitiladclphia).-1st mortgugo

Joliet £ Northern
Juunion
Junction
2d mortgage

Date

Miles
of

Madison £ India,napous-Si ock . ....
A 1ml., 1st M. (a. f. $lo,OO0 per year).
do
2d mortgage

Gil}/ £ Bergen

Terscu

DIVIDENDS.
any error discovered in these Tables

great favor by giving immediate notice of

will confer a

XXX1U

AND BONDS.

Rockland, Me. (V. 32, p. 356; V. 34, p. 204.)
Knoxville £ Ohio.—Juno 30, 1881, owned from Knoxville, Tenn., to
Carey ville, Tenn., 39 miles. This was formerly the Knoxville & Kontucky
RR., which was in default to tlie State of Kentucky and sold Oct. 8,
1871. It is controlled by tho East Tennessee Virginia & Georgia. Tho
stock is $l,OS0,100. Coutract mado for junction with Louisville &
Nashville. C. M. McGee, President, Knoxville, Teim. (V. 32, p. 16.

T. Berry,

President,

335; V. 33, p.

74.)

Erie £ Western—Jana
Fremont, 22 miles; Fremont to
Lake

30, 1881,

owned from Sandusky to

Ccliua, 99 miles; brancli to Minster, 9
miles; Celina to Muncie, 5 miles; Muncie to Illinois State line, 120 miles r
Illinois State lino to Bloomington, SI miles; total operated, 383 miles.
This was a consolidation, Doe. 12,1879, of the Lafayette Bloomington &
Muncie and the Lake Erie & Western. 011 tho basis following: Tho consol¬
idated company to assume all tlie debts, issue its stock share for share
for tho Erie A Western stock, and issue four shares of its stock for eaeli
share of the Lafayette Bloomington & Muncie stock.
The lino em¬
braces the former Lafayette Bloomington A Mississippi road and the
Lake Eric

A

Louisville.

1879-80, $1,056,560; net,
net, $310,574. (V, 32, p. 16,
146.)
owned from Sodus Point, N.Y.,

Gross earnings

$253,881. In 1880-81, gross. $1,411,776;
70, 100, 183; V. 33, p. 35S, 501 ; V. 34, p.
Lake Ontario Southern.- Sept. 30,1880,
to Stanley, N. Y., 34 miles. This company was

a consolidation, Deo. 2,
and tho Geneva Hornellsville A Pino Creek
Sodus Point, N. Y., to West Branch, Potter
wliieli 34 miles are in operation. The stock ia
$2,S00,00O, and bonds for $3,000,000 issued at $20,000 per mile of com¬
pleted road. Gross earnings in 1880, $22,016. E. B. Pottle, President,
Naples, N. Y. (V. 33, p. 412.)
Lake Shore £ Michigan Southern.—Doe. 31, 1880, owned from Buffalo,
N.Y., to Chicago, III., 540 miles; branches owned, 324 milos. Other lines
owned as follows: Detroit Monroe A Toledo, 62 miles; Kalamazoo &
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roans leased arc as follows: Kalamazoo Allegan A Gr. Rapids,
58 miles; Jamestown A Franklin, 51 mile3; Mahoning Coal R., 43 miles;
total, 152 miles. Total road owned, leased, and operated. 1,177 miles.
This company was a consolidation of the Lake Shore Railroad and
Michigan Southern A Northern Indiana Railroad May 27, 1S69, and tho
Buffalo A Erio Railroad August 16, 1869.
The consolidated lino em¬
braces tlie former roads of tlie Cleveland A Toledo and tho Cleveland
Painesville A Ashtabula railroads. Of the guaranteed stock, tho claim
for dividends between 1857 and, 1863 has been settled ou $360,600,
leaving $172,900 still unsettled. This company controls Chic. A Can. 80.
The brief income account for 1881 in the Chronicle, V. 33. p. 716,
showed a surplus applicable to dividends of $3,971,000 in 1581 against
$5,580,982 in ISSo*
*
The last annual report is published in V. 32, p. 497, containing the
tables below, showing the operations and the earnings of the road for
1879, of‘the Ontario South
railroads. The liuc is from
County, Pa., 155 miles, of

a

series of years :

.

great favor by giving

Subscribers will confer a

explanation
on

column headings, Ac., see

first page

of tables.

notes

451
95
162
162
88

do

line, mortgage bonds

5*i
51
22
17
41
25
301
101
10L
232
60

let mortgage

mortgage, gold
Lehigh <t Lackawanna—1st & 2d mortgages
Lehigh Tartey-Stock ($106,300 is pref.)
let mortgage, coupon and registered

Lehigh <£ Hudson River— 1st

registered
Consoirmort., gold, $ & £ (s. fd. 2 p.c. v’ly) cp. A reg.
Easton & Amboy. 1st mort., guar.(for $6,000,000)
2d mortgage,

bonds, endorsed,. r

1st M. bds (jointly withCin.A Ind.RR.)
Little Rock <£• Fort Smith—New stock
j.
let M., ldgr’t (1,083,000 acs) s.fd. (for $3,000,000)
Btreetcon.

1,000

•

•

mm

•

•

m

m

....

1865
1881
1877

1868

$

Receipts—

1,000
1,000
1,000
1,000
1,000

_

Total income

Disbursements—
Rentals paid
Interest on debt
Dividends, guar

$

$

4,712,970
$

5,690,828
$

6,509,774
$

2,611,180

2,616,955

2,628,680

257,489

251,924

4,712,970

$

8,381,356
208,662
8,540,018
$
282,956
2,622,730
(10) 53.350

1875.. 5,022,490
1876.. 5,635,167

5,513,398
6,098,445
7,541,294
1880.. 8,350,336
1877..
1878..
1879..

/

943,236,161
1,133,834,828
1,080,005,561
1,340,467,821
1,733,423,440
1,851,166,018

Per ton per

Year.

Passengers.

one

mile.

Cost.

$
9,639,038!
9,405.629>
9,476,608!
10,048,952!
11,288,260>

Cent.
1*010
*817
*864
*734
*634

14,077,294

•750

Cent.
*737
*561
*573
*474
*398
•435

Revenue.

$

Per passenger per
Cost.
‘eeipts.
Cent.
Cent.
1-735
2*378
1*438
2*090
1 -539
2*319
3-166
2*287
1-448
2*223
1 -341
2*135

Jan. 15. 1882
June, 1898

Sept., 1910
1898 Si 1923
1920

Jan., 1892
Mar., 1882

May, 1883

Y., Bank of America.

Various Cinn.,

1894

Lafayette Bank.

the Easton Si Amboy RR.;Amboy,

operated, 308 miles. This is

income account for the fiscal years

freight (tons) moved l m. .517,170,830

Net

432,303

(>h

8
freight
>

Cent.
•273
•256
•291
•260
*244
•315

mile.—

Profit.
Cent.

013,871

$7,762,990
4,002,357

$9,423,858

$3,760,633

$4,775,774

Taxes, Ac

,

$

3.760,633

608,038

4,598,581

5,744,042

1.557,960

A loss on Morris Can..

837.948

4,775,774
968,268

3.543,383

and interest

Dividends'

1,630,113

866,596

742,953

1,095,523

1,108,757

2,268,313
772,682
1,522,954
1,070,059

990,338

Charged for aecum. depreciations

1879,' 10

on

on common ;

4,472,161

3,520,019

Total disbursements

23,361

Balance, surplus

preferred and 4

on common ;

in 1881, 10 on preferred

126,420

,

in 1880,

and

1876-7..
1877-8..
1878-9..
1879-80.

Miles.
Mileage.
302 33,388,877
301
303
303

303

16,657,39 7

13,718,758
15,082,571

Mileage.

69,902,718
86,712,311
112,557,966

5,034,008
110,034

preferred

10 on

on common.

Operations and earnings for five years pust were as
Gross
Mis. Freight,
Passenger

Years.

$

$

2,935,315

'Disbursements—
Interest on debt

In

4,018,084

;
INCOME ACCOUNT.

Total income

*

Profit.

530,812

$5,932,326
2.996,981

Receipts—

8
8
4
34
2
34
2
4

$0,678,590
2,120,397

$5,352,604
J ,879,574

earnings

Net earnings
Other receipts

p.c.

511,481,877 0i2,925,984

1,4*8,578

Total gross earnings
Operating expenses

•643
164,950,861 3,922,798
•652
175,510,501 3,664,148
•780
138,116,618 3,203,200
1-121
133,702,021 3,057,393
*775
141,162,317 3,138,003
•794
1880.. 3,313,485 176,148,717 3,761,008
—(V. 32, p. 183,478. 497, 079; V. 33, p. 225, 321, 709, 716.)
Lawrence.—Dec. 31, 2 880, owned from Lawrence Junction, Pa., to

1875.. 3,170,234
1876.. 3,119,923
1877.. 2,742,295
1878.. 2,746,032
1879.. 2,822,121

M. A N. N.

Passenger, mail, express, Ac..

Div.

mile.

Receipts.

Jan., 1882
Aug., 1895
July 1, 1911
Dec. 1, 1907

Cincinnati.

Q.—M.

Other freight

PASSENGERS.

Passengers

Philadelphia, Office.

D. Reg. at office, cp.B’kN.A
8. Phi la., Bank of N. Amer.
D.
Philadelphia, Office,
do
do
N.
do
do
'
& J.

&
&
&
A

Earnings—
Coal freight

and 4

Revenue.

‘

187S-9.
1 SR 0-31.
1879-80.
15,082,971 19,S12,“j38 23,123,306
Anthracite coal (tons) moved 1 in.366.630,225 375,303,125 110,620,699
Other freight (tons) moved 1 mile 150,540,605 166,178,752 202,299,285

FREIGHT.

Tons

1, 1881

Operations—

8,540,018

0,509,774

5,690,828

1,
1,
July 1,
July 1,
July 1,

1885
1886
1882
1886
1898
1906
1890
1887
1887
1888

Passengers carried one mile

Total

1880.. 1,177
18,749,461
2,750.374
55*56
8.331,356
The following condensed tables show the passenger and the
business in detail for the past six years, 1875-1880:

mile.

Pittsburg Office.

J.

& A. N. Y., Winslow, L. A Co.
A J. N. Y.. Nat. Exch. Bank.
& D.
Philadelphia.

ending Nov. 30, were as follows :

1,623,662

306,530

1,

Jan.

Oct,

Q.— J.

J.
M.
J.
M.
J.

1,
1,
1,
1,

Var.to J’lv,’97
June 1. 1894

The earnings, expenses and

given.

60,128

$700,000, all charged to operating expenses.
The financial results of the ten years past are
condensed table;
Operating
Interest, leases
Gross
Expenses.
Net
and dividends
Year.
Miles.
Earnings.
Percent. Earnings, on Guar. Stock,
1871.. 1,074
$14,898,449
65*64 $5,118,643 $2,121,164
1872.. 1.136
17,699,935
66*90
5,860,409
2,201,459
1873.. 1,175
5,667,911
2,654,560
19,414,509
70*90
65*04
1874.. 1.175
17,146,131
5,993,760
3,008,193
1875.. l,i75
72*96
2,810,294
14,434,199
3,902,698
1876.. 1,177
13,949,177
68*64
4,374,341
2,759.989
1877.. 1,177
66*37
13,505,159
4,541,193
2,775,657
1878.. 3.177
13,979,766
60*70
5,493,165
2,718,792
1879.. 1,177
15,271,492
2,754,988
58*50
6,336,968

one

Trcasur’r at Gr’nd
Central Depot, N.
Y., and registered'
interest by Union
Trust Company.

1. 1892

July
April
July
Sept,
April
Aug.

N. J., to Pennsylvania Line, 60 miles ; total
one of the most important of the so-called “ coal roads,” and has been
able to maintain dividends during past years. It is one of the peculi¬
arities of the company’s annual report that no general balance sheet is

account in either
in 1879 700 new
freight ears, costing
shown by the following

Tons.

Oct,

Coupons are paid by

July 18, 1881
5,000,000 10 stock,
J. A J.iN.Y., Sheldon Sc Wadsw, Jan. 1, 1905
7
2,623,500

*6*3 per cent.
Nothing was charged to construction or equipment
1880 or 1879. There was added to the equipment
freight cars, costing $300,000; in 1880. 1.500 new

Year.

1875-6.

150,000

53,350
(*)3,215,322(8)3,957,320

(10) 53,350 (10) 53,350 (10)

(2) 989,330(4)1,978.660
Dividends, ordin’y
77,909
495,722
Ashtabula accident..
4.378
37,544
Miscellaneous
6S0,261
276,106
Balance, surplus......
Total

1,500,000

-

May 1, 1885

Wilkcsbarre, 10 miles; also owns

171,776

265,404

1.697,000

4,637,300

500 Ac.

1880.

6,336,968
172,806

Interest and divid’ds.

6
7
6 g.
5
7
2
6
6

2,500,000

....

1875

F.
J.
J.

1^

14,013,000

1,000
1,000

>

7

27,603,195
5,000,000
6,000,000

50

Q

6

800,000
600,000

m

1,000
50

5.493,166
197,662

4,541,194

329,000

1,000

-Dec. 1, 1903
Oct. l, 1882

A D.
& O.
& N.
A O.
A J.
& O.
A J.
& S.
& O.
& A.
A J.
A J.
& ,T.
A J.
A. A O.
J. & J.
J. & D.

7
2
7

500,000

July 1, 1900
July 1, 1900

J.
A.
M.
A.
J.
A.
J.
M.
A.
F.
J.
J.
J.
J.

V

450,000

50

1879.

1878.

1S77.

849,000
200,000
300,000
2,834,000
924,000
400,000
100,000
100,000
840,000
610,000
397,000

Dividend.

Q.-J.

7
7
7
7
7
7
7
7
7
7
8
8
8
3

1,595,000

Whom.

& J.

J.

f ?

920,000

....

1853
1864

Payable

5,240,000

1,000

1870
1873
18S0
1872

Cent.

pal,When Due

Payable, and by Stocks—Last

Where

When

000

1,000
1,000
1,000
1,000
1,000
1,000

INCOME ACCOUNT.

Net earnings

discovered in tliese Tables.
Bonds—Princi

Rate per

10,628,000
2,537,000

1,000
1,000

1.65
165

o 906

1,000
1,000

500 Ac.

196
84

I

1st mortgage

\

$1,000

1863
1869

58

Lawrence—Stock

Outstanding

1868
1876
1869
1867
1867
1868

62
37
12
13

ct. guar..

Amount

Par
Value.

1866

88
88

do

Buffalo A Erie, mortgage bonds
Det. Monroe & Tol., 1st mort., coup., guar
Kalamazoo & White Pigeon, 1st mortgage
Schoolcraft & Three Rivers, 1st mortgage
Kalamazoo & Schoolcraft, 1st mortgage
Kalamazoo, Allegan A Gr. Rapids, 1st mortgage

Little Mia mi—Stock, common

1870
1870
1873
1872
1855
1867
1855
1866
1862

864
864
864

registered
M. 8. & N. I....
3d mortgage (C., P. & A. RR.) registered bonds..
let mortgage (C. & Tol. RR.) sinking fund

Kai. Allegan & Gr. Rapids, stock, 6 per
Jamestown & Franklin, 1st mortgage
do
do
2d mortgage

Size, or

Road. Bonds

Income bonds, coupon or
let mortgage, sinking fund,

Delano Land Company

immediate notice of any error

Date
of

Miles
of

Lake Shore & Michigan Southern—(Continued)—
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
Consol. 2d mort., do. (for $25,000,000) coup. A reg.

2d mortgage
Buffalo A State
do

[VOL. XXXIV

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND BONDS.

RAILROAD

XXXIV

follows :
Net

Div.

Earnings.* Earnings. p. ct.
9
$7,049,647 $3,206,897
5*2
3,325,215
6,488,037

5,532,738
5,932,325

150,540,605
166,178,752

7,762,990

3,075,811
2,935,341

3,760,633

*
Does not include receipts from interest, Ac., which are
-(V. 32, p. 98,183; V. 33, p. 588; V. 34, p. 86. J 45.)

4
4
4

large.

Little Miami.—December, 31, 1881, owned from Cincinnati,
Springfield, O., 84 miles; branch, Xenia, O., to Dayton, O., 16
leased, Columbus A Xenia Railroad, Xenia to Columbus, O., 55

O., to

miles;
miles.

Indiana State Line. 37 miles;
miles. The
Springfield, hut
operated
branch;
A Xenia
road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the Dayton Si West. (Dayton to Ind. State line) and the Rich. Si Miami (State line
to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
Dayton; these three roads go to form the branch of 57 miles given
above. The partnership agreement was dissolved November 30, 1868,
and a contract made by which the Columbus A Xenia road, including
was leased June 27, 1869, to Pittsburg Fort Wayne Si Chicago
anteed its interest in the above-named branches, was leased to the Little Miami
for 99 years. On December 1, 1869, the Little Miami, witli all its
which
f ed in branches, Ac., was leased to the Pittsburg Cincinnati Si St. Louis Rail
The Pennsylvania
amount of bonds given above. Gross earnings in 1880, $185,333; not road. Company for 99 yearn, renewable 'forever.
RR. Co. is a party to the contract and guarantees its faithful execution.
earnings, $81,002; rental received from lessee, $74,133.
Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
.

Dayton Si Western Railroad, Dayton, 0..to

Ohio State Line to Richmond, Iud., 4 miles; total operaed. 196
Little Miami Railroad proper extends from Cincinnati to
the portion between Xenia and Springfield is now
as a
for the remainder of the main line, as given above, the Col.

,

Lehigh ds Hudson River.—This road is in progress from Warwick ValJey road to Belvidere, N. ,T.,41 miles. Bonds offered by Sheldon Si Wads
worth, New York, August, 1881. (V. 33, p. 201; V. 34, p. 146.)
"

Lehigh <6 Lackawanna.—Dee. 31, 1879, owned from

to Wind Gap, Pa., .25 miles. This coal
Leased to the Lehigh Coal Si Nav. Co.,
New Jersey,
the $500,000
100. Gross, earnings

Bethlehem, Pa.,

road was opened in 1867. If is
and operated by Central RR. of

Lehigh Valley.—'Sox. 30. 1881, owned from Phillipsburg (Pa. Line), NJ., to Wilkcsbarre, Pa., 101 miles; branches—Penn Haven to Audenried,
18 miles; Hazle Creek Bridge to Tomliieken (and branches), 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
tion to Mt. Carmel (and branches), 61 miles; Slatedale branch, 3 miles ;
Bear Creek Junction to Bear Creek, 5 miles; Lackawanna Junction to




income of the company was

617;
1881,

$683,179; interest

and all charges,

surplus Jan. 7, 1882, $154,591. Net loss to lessee,
against $160,512 in 1880. (V. 32, p. 155, 498.)

$

$663,-

('•) m

from Little Rock, Ark.,
total, 168. In Dee., 1874,
the laud grant, was sola m
miles, and opened tno
of July, 1876, and arter
($560,100). In the year 1880 tno

Little Rock d Fort Smith.—Dec. 31, 1S81. owned
to Fort Smith, 165 miles; branches, 3 miles;
the property (tHe:i 100 miles), including
foreclosure. This company afterwards built 65
road to Fort Smith July 1, 1876. Six coupons
were funded into / per cent notes
gross earnings were $510,287 and net

earnings $252,159. Ihe iaimacres were sold at an

grant is 818,604 acres unsold, and in 1880 73.590
average price of $3 92*per acre. (V. 32, p. 467.)

February,

1882.]

XXXV

AND BONDS.

KAILROAD STOCKS

INTEREST OR

description.
Fnr

column headings,
on first page of tables.

exDlanation of
*

Ac., see notes

mortgage...
**
1st mortgage, sinking fund, extended 1877, coup.
j/ittlc Rock Miss.
2d mortgage . Long
1st
1st
1st

Date
of

Miles

of
Road. Bonds
150

1876

....

31
31
320

mortgage, extension.
mortgage, Gleucove Br

....

156
All.

$5,000,000)
infc. only
Smithtown A Port Jefferson
Long Island CVy & Flushing—1st mortgage .„...
York A

10
19

Rockaway, guar.

bonds (cumulative)
Newtown & Flushing, guar
Los Angelos d San Diego— 1st mortgage
Louisv.Cin. & Lex— Louisv. Cin. A Lex., 1st

....

Mortgage, coupon, for

$1,000,000

General mortgage, for $7,000,000
Louisville Evansville d St. ljouis.—1st

4

27
175
175

-

mort ..

....

..

mort

1870-S96.

.

966
840

Louisville & Nashville- Stock
General mortgage, gold, coup, or reg
Louisville loan, main stem (no mortgage)
Lebanon

.

....

Income

1,000

1860
1868
1868
1878
1881
1871
1871
1881

500
500

1,000
....

...

1873
1880
1867
1S77

500
3 ,000
1,000

1881
18S0

....

1880

1,000

1856
1863
1881

1,000
1,000
1,000

Louisville loan
Lebanon-Knoxville mortgage
Cec-ilian Branch, 1st mortgage
Consolidated 1st mortgage for $3,000,000
2d mortgage bonds, gold, coup
Memphis & Ohio, 1st mort., sterling, guar
Memphis & Clarksville br.. 1st mort., sterling—
Mold, ou Ev. lien. A N., gold

3.72
46
392
392
130
S3

115

1877
1868
1873
1871
1872
1879

141
210

Trust Company certificates
1st mortgage on New Orleans

A Mobile RR
1st M., gold, on Southeast.* St.L.RR.,coup.or reg.

Sink.fd.bds.,8ecu’dby ple’geof 2dM.S.AN.Ala.RR.

1879
1880
1880

1,000
100 Ac

1.000
1.000

Mississippi River d Texas.—Dec. 31, 1881, owned from
Little Rock to Arkansas City, 111 miles; Arkansas City to Montieello,
42 milts; Little Rock to Rob Roy, 4 miles; total, 1(50 miles. This com¬

Pine BluffRailroad.Orleans
& New Both
bonds. The stock
(Y. 33, p. 201.)
Clinton, Pa.,
Catawissa lilt. Junction, 28 miles; branches, 3 miles; total operated,
31 miles. The East Mahauoy RR., was leased Jan. 12,1863, for 99 years,
and sub-leased to Pliila. & Reading July 7, 1808. The Little Schuyl¬
kill Railroad is leased to the Philadelphia & Reading Railroad for 93
years from July 7, 18(58, at a fixed annual rental. Of the stock, $158,250
held by the company, and no dividends are declared on this.
Long Island— Sept. 30, 1880, owned from Long Island City, N. Y., to
Greenport, N. Y., 95 miles; branches. 65 miles; total owned, 160 miles.
Other roads controlled and operated in 1879-80 were as follows : Miles.
Name—
Name—
reorganization of the Little Rock

Raiiroad and the Mississippi Ouachita & Red River
those companies received land grants and State aid
is $2,606,000. Elisha Atkins, President, Boston, Mass.
Little Schuylkill— Nov. 30, 1881, owned from Port

is

Smithtown * Pt. Jefferson
Stewart RR. to Bothpnge
Stewart RR.
New York A

to

-

Miles.

Central Extension RR
Wliitestone branch
Great Neck branch
Woodside & Flushing branch..

RIt. 19*0

14*5
Hempstead... 1-8
8'9

Roekaway RR...
Brooklyn A Jamaica RR
Newtown * Flushing RR

New York & Flushing RR
F. N. S. * Central
The total of all the roads

Brooklyn A

9(>

Montauk

Side RR.
Far Rockaway branch
N. Y. A Long Beach
Hunter’s Point * So.

3*9
2-7
7’S

8‘1
40
6'7
341

51*5

1*5
9-4
04

The Long

owned and operated is 320 miles.

Oct., 1877. The second
fioating debt of various classes.
Corbin and others in
$10,000,000. In Aug.,
increased
Port Jefferson bonds and
bonds for the consol,
mortgage, bearing 5 per cent. In Oct., 1831,'Receiver was discharged.
No annual report for 1880-31 has been issued, but the prospectus of
the new 5 per cent bonds in January, 1882 (V. 34, p. 140), gave gross
earnings for 1^S0-S1 as $1,947,378 ; net (approximate), $584,100.
The annual report for the fiscal year ending September 30, 1830, pul/
lished in the Ciinoxious, Y. 32, p. 63, made the following exhibit:
1879-80.
1878-9.

Island RK. went into the hands of a Receiver
mortgage bonds were issued to take up
The control of the company sold to Mr. Austin
to
Dec., 1880. In July, 1881, stock
1881, most,of the holders of Smithtown *
N. Y. * Rockaway bonds agreed to exchange their

$1,617,919
Operating expenses
1,279,590
Net earnings
$33.8,359
Payments other than for construction were as follows
1878-9.
Transportation expenses
$1,279,590
Total

receipts

Interest
Rentals of otte r

roads

205,173
193,304
107,660
138,350

v

Earnings for ot her roads
Funded debt,

and ferries

31,799

Floating debt; prior to receivership
Assessment Long Island City.:

$1,811,84
.1,365,855
$145,903

1S79-S0.

$1,365,855
228.120

Paris, Tenn., to

...

-(V. 32,
roan in

p.

!

374

16; V.

Earnings.

13,379,360
12,93 1,240
3 5,181,890

$27,158,128

$978,083

$294,3 00

0,130,350
33, p.47, 560.)
3

28,3 >9,773
3
:

t,222,1 13

40,521,056

958,1 2 1

32 1,925

3,129,632

The whole

425,129

Albany* St. Louis
and consolidated
projected line is from New Albany, lml ,

Dec., 1901

London, Baring Bros.
do
do

Aug., 1902

1

III., 181 miles,

259
46

Memphis

and in May, 1831, a contract was

Miles.
40
135
32

,

Selma to Pineapple, Ala
Henderson to Nashville

Pensacola Extension

1,438

Total owned
Leased and controlled—
Junction to Glasgow, Ky

10
119
189

Nashville to Decatur
Decatur to Montgomery
Junction Paris dr Evansville
RR to Owensboro, Ky
Lebanon to Grccnsburg
Selma to Montgomery

35

dividend, $640,757;

charges,

is

reported separately

1S77-7S.

Total

operated

..

Earnings—
Passenger

Freight.
Mail, express,

Ac*

..

Total gross earn’gs..
Op. ex. (inch taxes).

1878-79.
000
312

662
304

Miles owned
Miles ls’d A cont r’d..

972

966

$
3,42-5,12S
3,723,6 L3
45S.828

5,607,599
3,263,356
2,344,213
of cars am 1

$

Receipts—
.

Not

earn’gs,all sTees

1S77-78.
$

2,327,023

Disbursements-—
Rentals for ears, Ac.
Rentals
lnt.on debt (all linos)
Disc’nt on

119,149
1.5 i 9.717
221.1 iO
u7
3 19,27 i

bonds, Ac.

Dividends!.
A d v ’ n A i n 1. $. A N. AI a..
80.A

.

02,060

No'Ala. si’g bds.

30,0 79

Miscellaneous
Total disbursements
Balance:

2, 192,3 19
>f. 1 45.326

lh

a

be

$2 10.869 of this is
in the balance of $259,840.
t On L. A N., N. & 1)., and
*

1S79-S0.
880

18S0-81.

960

434

l.S-10

$

1,438
1,872
$
2,599,353

1,267,797
3,627,925
491,87-4

1,700,207
5,135,985
599,651

7,407,403
904,894

5,387,590

7,435,813

10,9 11,650

4,203,199

6,928,524

3,227,043
2,231.772
engines, Ac.

3,983,126

3,155,824

ACCOUNT.
1878-79.
$

INCOME

425,27»»

1,196,112

Evansville d SI. Louis.—The Louisv. New
Indiana and Illinois was foreclosed, reorganized

August 15, 1878.




Mileage.

Mi lea go.

Earnings.

A A.

NT. Y., Drexel, M. A Co. Dec. 1, 1919
g. ! J. A I).
Oct. 1, 1884
A. A 0. N. Y., Central Trust Co.
Jan. 1, 1930
g. J. A J. V. Y., Drexel. M. A Co.
April 1, 1910
New York, Agents.
A, A O.
New York Agency.
M
IM. A S.
g,

Net earnings.

Passenger

11

an

Louisville Cincinnati d Lexington.—Juno 30, 1881,
Yille, Ky., to Lexington, Ky,, 91 miles;
miles; total owned, 174 miles; leased—track at
Northern Division, 34 miles; Shelby RR., 19 miles;

174
171
171

|J. A D.
g.

$1,836,285; surplus for
dividend of 3 per cent Feb. 10, 1882, $543,900.
The annual report for 1830-81, in the Chronicle, V. 33, f. 439, gave
account of the various acquisitions in that year. The ct mparativo
statistics were as follows, not including Nashv. Chat. & St. L mis, wnich

$2,527,042;

(V. 33, p. 154, 463.)

Miles

g-

..

Flashing.—This is a reorganization of the Flush¬
ing & North Side road, foreclosed Dec. 11, 1386. The stock is $500,000:
par, $100. Leased to Long Island RR. for 50 years at 40 per cent of

18/7-8..-.

1,*

Feb.'
1882
F. A A. L. A N. Y., 52 Wall St.
June, 1930
T. A Da Louisville A New York.
1830 & 1837
j A. A O. N. Y., Bank of America.
1886
do
do
Various
Oct. 15, 1893
A. A 0. L. & N. Y., D., M. A Co.
March 1, 1931
New York, Agency.
IM. A N.
Mar. 1, 1907
M. A S. N. Y., Drexel, M. A Co.
April, 1398
A. A 0.| L. A N. Y., D., M. A Co.
Nov. 1, 1883
!m. A n. N. Y. and Louisville.

g.

31
161
50
.Tunc. ,111.,to Shawneetown,!!!.
41
Belleville, Ill., to O’Fallon, Ill.
6 Total leased and controlled
434
Pensacola, Fla., to Pensacola
Junction. Fla
44 Total operated June 30, 1881.1,872
Branch to Muscogee dock....
1
Purchased in July, 1881, the Louisville Cin. & Lex., 175 miles.
The general mortg. of 1880 is for $20,000,000, of which $9,716,000 is
reserved to payoff prior liens. For the St. Louis & Southeast, roads the
$492,200 Trust Co. certificates were issued, secured by $300,000 of tho
E. II. & N. bonds; they are redeemable any April or Oct., on 30 days
notice. The Southeast. A St. Louis RR., which was reorganized afterforeclosure of the St. Louis & Southeastern, Nov. 16, 1830, is leased to the
Louisville A Nashville for 49 years, and the L. * N. issues its bonds as
above, secured ou the road, about 210 ,miles long in Indiana and Illinois.
There is also $999,500 of S. E. & St. L. stock. The L. & N. LebanonKnoxville bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles building from Livingston to State line as a first ben. The Pen.
* Atlantic bonds were sold to J,. * N. stockholders thus: $1,000 in
bonds, $500 in bond scrip and $400 in stock for $1,425 cash.
The
prices of stock have been :
1881.
1882.
1831.
1882.
July
10S%-x9812
Jan
100%- 92
94i-2-x87
August
104 *2- 90
Feb
94.%- 79
99 - 92*$
March
95 - 8082 Sept’ber
October
9612-'90J4
April
101 h>- 90*g Nov’ber
..100*8- 91%.
1101-2- 99:
May
Dec’ber
103%- 99
1091-2-IO6
June
The income account for six months ending Dec. 31, 1881, showed
net earnings, $2,203,028; total net income,
gross earnings $5,037,844;

165,390
16,500
4,366
54,313
$1,834,555

owned from LouisJunction to Newport, Ky., 81
Louisville, 4 miles;
total operated, 233
mites. The old road was sold in foreclosure Oct. 1, 1877, to the second
bondholders, ami this company was organized.
ed
it
bondholders, and this company was organized. The stock in
The stoc is
$1,000,000 common find $1,500,000 preferred, having been increase I
Nov., is,so.
Four per cent declared ou preferred stock July, 1881.
a,.
July. 1881, a controlling interest in the stock was sold to Louisville *
Nashv. Operations and earnings for four years past were as follows
Net
Gross
Freight (ton)

1907
1931

.

Louisv. to Cecilian. June., Ky.
East St. Louis, Ill., to Evans¬
ville, Ind

Long Island Oily d

Years.

Mount Vernon,

.

...

Anna, Cal., 27 miles.
paid as rental
President, San

earnings.

May, 1891
July 1, 1910
Jan.. 1897

Drexel, M. A Co.

N. Y., Central Pacific.
A J
A J. N. Y., Drexel. >M. A Co.
A O. N. Y., Imp.* Trad. N.Bk.

Main line—
Miles.
Louisville to Nashville
135
Branches—
Junction to Bardstown, Ky..
17
Junction to Livingston, Ky.. Ill
Junction to Richmond, Ky...
34
Montgomery to Mobile
180
141
New Orleans to Mobile
Branch to Poutcliartraiu
5

Francisco.

gross

1931

April, 1901
Sept., 1901
May 1, 1911

Syndicate tor its completion. In January, 1882,
a consolidation was made with the Evansville Rockport * Eastern, with
a total capital of $6,000,000.
John Goldtliwait, President, Boston,
Mass.
(V-32, p. 578, 658 ; V. 33, p. 468 ; Y. 34, p. 32, 115, 204.)
Louisville d Nashville.— Juue 30, 1881, mileage was as follows:

442, 642, 687; V. 34, p. 19, 146.)
Los Angelos d San Diego. —Florence to Santa
Leased to Central Pacific, and in 1880 the net earnings
were $5,564.
Capital stock $570,800. Chas. Crocker,
.

|

reported with a Boston

$1,955,878
In 1878-9 payments of $111,2 40 were made on account of construction
and equipment, and in 1879-80$ 156,314.
--(V. 32. p. 16, 41, 68, 183, 231, 526; V. 33, p. 23, 154, 201, 225, 303,
Total

3
6
6
6
6
6
7
7
7
7
6
6
6
6
6
6

3.500.000
to

do
do
do

A N. N. Y.,

..

....

5,000.000
2,000,000

1881

May, 1890
May, 1884
May, 1898
Aug. 1, 1918

York City.
do
do
do
New York, Agency.
New

N.
N.
N.
A.

A
A
A
A

'

492,200

■

.

Little Rod:-

pany was a

7

333.000

£200
£200

do

Company’s Office.

m

m

....

M.
J.
J.
A.

....

1,500,000
1,000,000
7,070,000
2,000,000
3,500,000
2,203,840
2,400,000

1,000
1,000

Philadelphia Office.

Q-J.

7
6
7

850,000
225,000

....

extension,

■

m

1, 1906
1911
Jan.13, 1882
Oct., 1882
1873

Jan.

A Co.

A. A 0. N. Y., Drexel, M. A Co.
do
do
M. A S.
M. A N. N. Y., Corbin Bauk’gCo

....

18,130,913
10,361,000

100

M.
M.
M.
F.

7
6
7
7
5
7
7
6

892,000
(?)
(?)

....

m

....

2,900,000

100 Ac.

J. A J.
A. A O.

7

175,000
150,000
1,121,500
250,000
2,500,000
(?)
(?)
600,000
350,000
150,000
556,000

....

J. A J. N.Y.,W.C. Sheldon
Boston.
A. A O.

3*2

10,000,000

50
500
500 Ac.
500
100 Ac.

.

.

branch, Louisville loan

do

50

Payable

7
7

1,125,000
2,646,100
444,000

1,000

pal.^When Due.

Payable, and by I Slocks—Last
Dividend.
Whom.

Where

When

Rate per
Cont.

$1,875,000

$500Ac

1857

95

mortgage, main
2d mort. for fioating debt
Consol, mortgage (for

Outstanding

Value.

....

....

Amount

P:ir

....

lliver d Texas-\sA

Island—Stock.

New

Size, or

j Bonds—Princi¬

DIVIDENDS.

2.181,811
3

1879-80.
$

3,227,043

19,825

58,666
1.5 18,129

230,810
459.998
07,113
00,71 •>
2 0,2 SO

2.524,937

$

1,208.335
52,000

2,050,900

2,912,327

69,750
823,120

1,221,692

........

...

....

........

........

39.933

0,345

3.012,309

*4,192,364

Del.43,090 S ur. 18.5,274 Sur.250,840
refunded to the L. A N. Co., and is

Mob. A 5,lont.

included

RAILROAD

xxx vi

confer a great favor

Subscribers will

DESCRIPTION.
For

explanation of column
on

Louisville <£*

headings, &c., see notes

first page of

tables.

Mobile A Montgomery

1st

mortgage
Mortgage, gold, on

Par

Amount

scrip

•

•

Chic. A Indianapolis Div
mortgage bonds

Central—Stock

consolidated
($1,100,000 loan) A. A. K. RR..

gold
Central loan for $1,100,000

Farmington Railroad loan

1,248,000
3,000,000

1880
1881
1871

5,000,000
3,000,000
2,300,000
500,000
600,000
1,486,000
3,603,300
3,905,000
1,100,000
496,500
756,800
633,000
425,000

1,000

158
26
20
43

1,000

304
55
18
109
36
30

.1,000
20

1,000

1872
1872

1860-1
1870
1868
1871
1866
1863
1865

100
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac
100 Ac.
100

07881
Androscoggin Railroad, Rath City loan
Portland & Kennebec, 1st mort., extended
do
consolidated mortgage...
do
Manchester
Lawrence— Stock
Manhattan Beach Co.—Stock
N. Y. Bay Ridge A Jamaica RR., stock, guar
N. Y. A Man. Reach RR., 1st mortgage
Man. Beach Impr. Co. (Limited), mortgage
N. Y. Bay Ridge A Jam. RR., 1st mort.

bonds
(guar.)...

71
71
26

14

New York

2d M. (guar, by

1877

1879

8*2

44

....

Manliat’n).

Elevated, 1st mortgage, gold

A
A
A
A
A

S.
S.
N.
S.
A.

New York Agency.
do
do
do
do
do
do
do
do
.

Stocks—Last
Dividend.

Mar. 1,

1920

May 1, 1931
Mar. 1, 1931

Aug., 1921

o g.
5

2^3
7

”7*
6
6 g.
7
6
6
6
6
5

217,300

J. A J. N.Y., Nat.Bk.Commeree
do
do
F. A A.
A. A O. Boston. Old Colony RR.
New York. Treasurer.
-Q.-J.
J. A J. N.York, Union Trust Co.

•Tuly 1, 1910
Aug. 1, 1911

a.'a'o.

April 1, 1912

Boston, 2d Nat. Bank.
do
do
do
do

do
do
do
do
do

M’nthly

April 1, 1891
Jan. 3, 1882
Jan. 1, 1902
1890 to 1891

Oct., 1900
July, 1898v
July, 1901
do
July, 1891
Q.-J.
A. A O. Portland, 1st Nat. Bank. Oct. 15, 1883
April 1, 1895
A. A O. Boston. 2d Nat. Bank.
M. A N. Manchester and Boston. Nov. 2, 1881

A. A O.
J. A J.
J. A J.

4,680,000

1878
1879

1.000
1.000

18

1876

300,000

1,000

500,000

"7

1,000,000
200,000
13,000,000
6,500,000
(?)
6,500,000
10,800,000

500 Ac.
500 Ac.
500 Ac.
100
100
100
100

14

1st mortgage

do
do

”6*

1,166,700
1,000,000

-

Stook, 2d preferred

Metropolitan Elevated, stock

M.
M.
M.
M.
F.

Where Payable, and by
Whom.

3,000,000

>

ioo

288

3 g.
5
6
6
6

600,000

1,000

28S

-Bonds
Extension bonds, 1870,

-

Payable

2,950,000

Div., 1st mort

Mannatlan Elevated—Stock, common
Stock, 1st pref., 0 per cent cumulative

When

Cent.

$3,000,000

1,000
1,000
1,000

210
45
130
10 4
185

discovered In these Tables.
J

Rate per

-

Outstanding

$1,000

mortgage,

Maine
Leeds A

Size, or

1881
1880
1881
1881
1881

Mahoning Coal— 1st mortgage, coupon
1st

Date
of

[VOL XXXIV.

INTEREST OR DIVIDENDS.

Value.

Lowell cC trainingham—let
Lvkcns Valley—Stock
Marne

Immediate notice of any error

Road. Bonds

Louis RR., cp.

Pensacola A Selma Div., 1st mort
Pensacola & Atlantic, mort., guar
New Orleans Mobile & Texas debenture
Louisville New Albany & Chicago—Stock

by giving

Miles
of

Nashville—(Continued)—

gold, on Southeast. & St.
Pensacola Div., 1st mort

2d mort.,

STOCKS AND BONDS.

7
7

J. A ‘ J. N. Y., Corbin
do
M. A S.
do
J. A J.

‘

Bank’g Co
do
do

Jan.

1, 1897
March, 1909

(?)

—

Jan.

Q.-J.

1*2

3, 1882

’

6
6
7

2.000,000

8,500,000

New York, Office.
Q.-J.
J. A J. N. Y., Mercantile Tr.Co
M. A N. N.Y., Central Trust Co.
J. A J. N. Y., CornExch. Bank.

April 1,1881
July. 1908
Nov. 1, 1899

Jan.

1. 1900

.

444; Y. 33, p. 124, 201, 225,
439, 468, 469, 716; V. 34, p. 86, 114, 175.)
Louisv. N. Albany <£• Chic.—Dec. 31, 1880, owned from Louisville, Ky.f
to Michigan City, Ind., 290 miles. In Aug., 1881, consolidated with
Chicago A Indianapolis Air Line, and stock increased to $5,000,000,
giving 15 per cent increase to stockholders of record Aug. 31. The L.
N. A. & C. was opened in 1852 and sold in foreclosure Dee. 27, 1S72, and
reorganized without any bonded debt. In 1880 gross earnings, $859,769; net, $259,922. In 1880 the company sold $3,000,000 of bonds to
the stockholders at 20 cents on the dollar. The annual report was
published in V. 32, p. 181. (V. 32, p. 181,335, 526, 578; V. 33, p. 23,
100, 124, 176, 255, 412, 519, 687; V. 31, p. 204.)
Lowell <£- Framinghanu—Sept. 30,1881, the Framingham A Lowell
owned from South Framingham, Mass., to Lowell, Mass., 26 miles.
Road opened Oct. 1, 1871, and was leased from April 1, 1871, to Boston
Clinton Fitchburg A New Bedford RR. Co., and since Feb. 1, 1879,
operated by Old Colony RR. Co. On Feb. 14, 1880, a lease of the road
to B. C. F. A N. B. Co. for 90S years and 4 months, from Oct. 1, 1879,
was ratified.
Sept. 10, 1881, sold at Sheriff’s sale and reorganized
under above name. The 8 per cent notes are surrendered for exchange
and cancellation, and preferred stock is issued for them and for unpaid
coupons to Oct. 1, 1881. Stock, $500,000, 5 per ct. preferred and $500,-

—(V. 32, p. 16, 39,
322, 358, 385, 412,

000 common.

44, 70, 231. 266, 437,

$4,680,000, embraces the stocks of all the other companies converted
into it, and the Manhattan Beach Co. holds those stocks in its treasury,
except about $100,000 of N. Y. & Manhattan Beach Railway pref.
stock, as also $300,000 2d mort. bonds of the N. Y. A Manhattan Beach
RR. The New York Bay Ridge & Jamaica Railroad is leased and the

bonds and stock arc guaranteed. In December, 1881, a lease of the
New York A Manhattan Beach Railway was made to the Long Island
Railroad for 35 per cent of gross earnings to the lessor, but the sum of

$97,500 per year is
642.)

guaranteed to pay all annual charges.

(V. 33, p.

Manhattan Elevated.—Tins, was a corporation formed to lease and operate
the two elevated railroads in New York City.
Its capital stock was

$13,000,000, and it was to pay the interest on the bonds of the two
elevated roads and certain dividends. The original lease guaranteed

amended in
1. A
tripartite agreement among tbe three companies that the indebtedness
cent per annum on the stocks, but this lease was
October, 1881, by the agreements made substantially as follows:

10 per

of the Manhattan Company to

(V. 33, p. 170, 303, 744.)

1881, owned from Millersburg, Pa., to Wiloperated. 21 miles. A
Central Railroad since
July, 1880, and previously by the Summit Branch RR. The lease is for
999 years from March 1,186C, and the rental is $62,500 per annum.
Mahoning Coal—Doc. 31,18S0, owned from Andover, O., to Youngs¬
town, O., 38 miles ; branches to coal mines, 5 miles; total operated. 43
miles. It was opened May 1, 1873, and leased for 25 years from that
date to L. Sh. A Mich. So, RR., at 40 per cent of gross earnings. Capital
stock is $1,273,000. The L. S. A M. S. Co. holds $399,000 of the bonds
purchased under the agreement of lease. Net earnings in 1880 (40 per
Lylcens Valley—Dec. 31,

liamstown, Pa., 20 miles; branch, 1 mile; total
coal road leased and operated by the Northern

the Metropolitan

and New York be can¬

celed, except that the New York company should receive their divi¬
dends due iu July and October, and the interest due July 1 on the New
York bonds, the interest on the Metropolitan bonds also to be. paid, but
no back dividends on Metropolitan stock; the claim of the Manhattan
Company against the other two to be withdrawn; and then
earnings to be distributed as follows: First, 6 per cent on New York
stock, then 4 per cent on Metropolitan stock, provided that road
earn it; then 4 per cent on Manhattan stock, and then all the ramam
ing surplus to be equally divided between the three parties to the com¬

the net
should

pact.
tween

2. A supplementary contract was made immediately after be¬
and Manhattan representatives, by which it was

the Metropolitan

provided that tbe Metropolitan Company should have a preference over
i he Manhattan to the extent of 6 per cent out of its own earnings, and
in consideration of this to relinquish all claims to any proportion of the
surplus of either road, thus giving to the Manhattan Company a claim
to two thirds of the surplus earnings, its own share and that of the
Metropolitan Co. This was further supplemented by an agreement of
Nov. 14, 1881, for the surrender of the stocks of the other companies
and the issue of new stocks by the Manhattan Company, as follows:
To New York Elevated stockholders, $6,500,000 of first preferred 6 per

$6,500,000 second
Manhattan stock¬
Portland to Bangor, Me., 137 miles; branches, Cumberland Junction to holders, $13,000,000 of common stock. (See full contract, V. 33, p. 560.)
N. Y. Elevated stock was mostly surrendered and exchanged, hut
Waterville, 73 miles; Crowley’s Junction to Lewiston, 5 miles; Bath to The
Farmington, 74 miles; Waterville to Skowhegan, 18 miles; total owned, Metropolitan stockholders held out against it.
The company went into receivers’ hands July 15, 1881. The state¬
307 miles. Leased, Belfast to Burnham, Me., 34 miles; Newport, Me., to
Dexter, Me., 14jniles; total leased, 48 miles. Total operated, 351 miles. ment of the receivers in V. 33, p. 282, had the following: During the
This was a consolidation in 1862 of the Androscoggin A Kennebec period from Feb. 1, 1879, to July 14, 1881, the earnings of the two
Railroad and the Penobscot A Kennebec. In August, 1873, the Port¬ companies, as shown by the books of the Manhattan, have been as
land & Kennebec, Somerset & Kennebec and Leeds A Farmington rail¬ follows:
New York. Metropolitan.
roads were also consolidated with the Maine Central. The annual report
Gross earnings Sept. 1, 1879 to July 14, 1881. $4,939,491
$4,213,677
was published in V. 34, p. 31. The ending of the fiscal year was changed
2,901,699
2,640,454
from Dec. 31 to Sept. 30, so that no comparison of operations with prior Operating expenses
years was practicable. The report had the following: “ The gross trans¬
$1,572,222
Net earnings
$2,037,792
portation earnings of the last two years have increased very largely
324,968
Add net earnings Feb. 1 to Aug. 31, 1879
642,090
over those, of the two years immediately preceding, as will appear from
a comparison of the earnings for these periods.
For the rears ending
$1,898,191
Total net earnings
$2,679,882
September 30 they were: 1878, $1,482,770; 1879. $1,465,458; 1880,
2,679,882
$1,661,779; 1881, $1,877,078. Our ordinary operating expenses have
necessarily been increased to enable us to do this amount of business,
Both roads
$4,578,073
but not in the same proportion, and we should be able to exhibt a hand¬
Add certain expenses allowed for in operating account
49,704
some gain in the net results had we not been obliged to make large ex¬
penditures in the nature of permanent improvements, and as they are
Total net earnings
$4,627,778
charged to the operating expenses this account is unduly increased.”
Receipts from sale of Metropolitan RR. Co. bonds, old in aINCOME ACCOUNT.
cent of gross),
Maine

$85,391.

Receipts—
Net earnings
Other receipts

Total income
Balance

-

cent stock

Central.—Sept. 30, 1881, mileage was as

$647,722
8,656/
$656,378

Disbursements —
Rentals paid
Interest on bonds

5,913,991

terial, equipment, Ac

$54,000

570,466

Total disbuseraents.. $624,466

$31,913

(Y. 32, p. 333, G58; Y. 34, p. 31.)
Manchester <& Lawrence.—March

cumulative; to Metropolitan stockholders,
per cent stock not cumulative; and to

follows: Main line, preferred 6

31,1881, owned from Manchester, N

EL, to Methuen (State Line), 22*4 miles; leased, Methuen Branch of the
miles; total operated, 26 miles. Road in

*

The total

disbursements have been

Balance cash on hand

10,455,749
$86,019
61, showed gross

The statement by Mr. Cyrus W. Field in V. 34, p.
earnings for the two elevated roads as follows:
-Metropolitan
/—New York Company.—Gross

Passengers.

Year.

29,875,912
34,914,243

Boston A Maine Railroad, 33i

Earnings.
$2,239,489
2.591,785

$10,541,769

Passengers.

16,169,269
25,917,514

Company.—'
Gross

learnings.

$1,287,336
2,021,190
2,469,444

operation since 1849. Formerly operated with the Concord RR. as one
34,493,929
41,086,849
2.841,631
line, on a basis ot two-fifths of the joint earnings. Methuen branch is
Gross earnings.
Passengers.leased at a rental of $11,000 per annum. Company lays claim to a two1881.
1880.
1881.
1880.
fifths interest in the Manchester A North Weare RR., which is operated
$485,173
$438,809
7,132,407
5,894,898
by Ooncord RR. Ten per cent dividends are paid. Gross earnings in October
496,332
415.992
7,116,415
5,530,184
1880-81, including amount received from Concord Railroad on account November
512,517
443,179
7.3S4.197
December
6,006,059
of joint business, $185,641; net, $100,440. In 1879-80, gross, $164,998;
net, $100,411. (V. 32, p. 610 )
$1,297,982
$1,494,023
Totals.... 17,431,141
21,633,019
Manhattan Beach Company.—A consolidation under the above title
-(V. 32, p. 156, 421. 468, 552, 578. 612, 647, 659, 685;
was made in February, 1880, of the New York & Manhattan Beach
74. 100. 124, 176, 255, 282, 304, 358, 385, 397, 404,468, 527,
Railway, the Manhattan Beach Improvement Company and the Marine
Railway Company. The stock of the new company, amounting to 717,744; V. 34, p. 61, 86, 115.)




,

/

...

...

o60, 642,

1883.]

February,

will confer a

Subscribers

great favor by giving immediate

description.
For
*or

explanation of
P
on

Marietta &

column of tables.
headings,

first page

&c., see notes

188
188

Oincinnatl-lBt mortgage, dollar
sterling

let mortgage,
2d mortgage
3d mortgage

do

do

RR., stock.
1st mortgage

0.—1st mort., I’d gr., M. A O., coup.
ifass^^raS^New mort., gold, (for $3,500,666)...
Memphis & Charleston—Stocky
v
1st mortgage Ala, & Miss. Div. (extend, in 1880).
Confcol!($1,’466,6661 st M. on 91 in! in Tonn.)
Memphis dt Little Rk.—1st M. (paid $^,000 yearly)

1876-90.:

$10,000 after 82)
-•
M. ($32,000 p. m.).
Income bonds, convertible, not cumulative.......
Mexican National Railway (Mexico).—1st M., gold..
Mexican Oriental Infcroceanic <£ Internal l—Stock..
General mort.,

land grant, (s. f.

Memphis Paducah <& Northern—
Mexican Central (Mexico.) -1st

Michigan Central—Stock.. —...... - ----1st mortgage, convertible, sinking
1st mortgage, convertible

fund
mortgage (for $10,000,000).

Michigan Air Line mortgage
---do
1st mort.,assumed byM.
do

*•

C...’.

Equipment bonds
M. C. bonds, mort. on Grand River Valley RR. ..
Kalamazoo A South Haven, 1st mort.,guar

2d mort., guar

do

do

Valley, stock, guar

1st mort., guar.

.

.

.

•

•

•

•

•

•

•

1861
1861
1866

....

....

....

....

....

50

....

•

30

1869

5*2
50
88
116
292
181
272
292
133
133

1,000
50

....

1872
1878
1880

•

""

•

•

-

-

•

....

....

800
284
284
284
103
10
....

82
39
39
84

rr

j $2,450,000
1,050,000
2,500,000
3,000,000
4,000,000
300,000

4

•

1.125.000
750,000

1,247,450
500.000

1,000

600,000
2,535,000

25
....

1,000
1,000
250 Ac.

5,312,725
1,264,000

.

1,000,000
1,958,000
250,000
2,600,000
o

•

1
-

Outstanding

Rate pen
Cent.

1,760,000

1,000

....

1881
....

....

1857
1857
1872
1870
1870
1874
1879
1869
1870
.

1866

',000
100

(?)

i

1,900,000
200,000
556.000

1.000

500,000

1,000

640.000

70,000

1,000
100

491,200

1.000

1.000,000

A. Balt., R. Garret A Sons.
London.
A.
N. Balt., R. Garret A Sons.
do
do
J.
do
do
O.
do
do
N.
do
do
D.
D. Balt., Mercli. Nat. Bank
Cincinnati.
N.
J. Balt., Balt. A Ohio RR.
D. Boston, N. Eng. Tr. Co.

F.
F.
M.
J.
A.
M.

A
A
A
A
A

J.
J.
M.
J.
J.
M.
J.

A
A
A
A
A
A S.
A J.

A

*

do

do

Boston and New York.

A J. N. YT., R. T. Wilson A Co.
do
do
A J.
do
do
A J.
A N. N.Y., H.Talmadge ACo.
Tanu’ry N. Y., L. Borg, 35 Wall.

J.
J.
J.
M.

-

•

Au g.

1, 1891

Aug. 1, 1891
May 1, 1896

July 1, 1890
April, 1908
May 1, 1896
(?)
Dee.

1. 1904

(?)
Jan. 1, 1900
June 1, 1892
Mar. 1. 1908
Jan. 1, 1900

Jan. 1. 1915
Jan. 1, 1885
Jan. 1. 1915

Yearly-\81-’83:
July, 1907

•

1911

2bj

1

Grand Central Depot.
O. N. Y., Union Trust Co.
do
do
O.
do
do
N.
do
do
J
do
do
N.
do
do
O.
do
do
S.

Q-F.

8
8
7
8
8
8
6
8
8

437,000
8,000,000

1,000
1,000
1,000
1,000

Whom.

....

18,738,204
1,508,500

1,000

Slocks—Last
Dividend.

Payable, and by

3
6 g.

7,500,000

...

7
7
7 g.
8
4

pal,When

Where

Payable

-

3,500,000

1,000

7 g.
7
8
8
7
4
7
4
7
8
6
6 g.

When

"l

16,827,500

1,000

1,000

Bonds

INTEREST OR

100 Ac.

....

1854
1867
•1877
1877
1877

notice of any error discovered in these Tables. Princi¬
DIVIDENDS.
Duo

Amount

1,000

....

.

5

$....

1870
1873
1866

....

Marquette B. d

do

.

.

,

Ciucmnati & Baltimore

Grand River

.

,

....

8cioto°&Hocking Valley RR., 1st mortgage......
Balt. Short Line, stock, 8 p. c. guar by M. A C...
do
1st mort., guar, by M. & C

Consolidated

Date
Miles
Size, or
Par
of
of
Road. Bonds Value.

xxxvu

AND BONDS.

BAILKOAD STOCKS

8

A.
A.
M.
J.
M.
A.
M.
M.
M.
J.
J.

A
A
A
A
A
A
A
A
A
A
A

N.
N.
J.

J.

do
do
do

do
do
do
do

Aug. 1, 188D
Oct. 1,1882
Oct. 1,1882
May 1,1903

Jan. 1,1890
Nov. 1, 1890

April 1, 1883
1909
Nov. 1, 1889
Nov. 1. 1890

Jan., 1882
July 1, 1836

do

Northern.—This was the Paducah & Memphis road
Memphis to Covington,—112
April, 1877, and reorganized
has been made. In Dec. >
1880, Mr. Smithcrs was appointed Receiver, and the road was sold, Aug.„
1831, and purchased in interest of Eliz. Lex. A Big Sandy by C. P. Hunt
ington for $2,300,000. (V. 32, p. 636, 672; V. 33, p. 154, 176.)
Mexican Central (Mexico).—'This road is under the management of Bos¬
ton capitalists. The lines projected and in progress are (1) the main
line, from the City of Mexico to El Paso; (2) from Tampico westerly
through San Luis to the main line ; (3) from the main line to the City oi*
Guadalajara, and thence to Pacific Coast at San Bias. Also from Guaymas northerly (Sonora RR.) to U. S. boundary.
The company has n»
subsidy from the Mexican Government of $15,200 per mile on most of
tal stock is as follows: First preferred, $8,105,600; second preferred, the lines, payable in certificates with which 6 per cent of customs duties
$4,440,100; common, $1,386,350. The plan for reorganization is given have to be paid. The first mortgage bonds were issued thus: $5,000
in Chronicle, V. 33, p. 642, involving assessment of 5 per cent cash on
with $1,000 income bond and 40 shares of stock for $4,500 cash. Tlios.
pref. and 3 per cent on com. stock. From Oct. 31, 1879, the Receiver’s Nickerson. President, Boston. (V. 32, p. 100, 396; V. 33, p.193,469
report showed that the income in 14 months ending Dec. 31,1880, was: 716; V. 34, p. 61, 147, 204.)
Gross earnings, $2,477,634; net earnings, $328.133; taxes aud rentals
Mexican National Railway (Mexico).—This is the road building from
were $538,512; dericit, $210,379.
Suit for foreclosure is vet pendiug.
-(V. 32, p. 16, 145, 231, 526; V. 33, p. 255, 304, 469,642 ; V. 34, p. Laredo to City of Menico, under the Palnier-Sullivan concession, from
Mexico. Statements at some length as to the compauy’s affairs were in
204.)
'
the Chronicle, V. 33, p. 717; V.34, p. 204. Bonds for $1,000 with
Marquette Houghton <£ Ontonagon.—Dec. 31, 1880, owned from Mar" stock for $1,000 were issued for $1,050 cash. The road is built by the
quette, Mich., to L’Anse, 63 miles; branches, 25 miles; total operated, 88 Mexican National Construction Co. (V. 32, p. 16, 685; V. 33, p. 193,
miles. This was a consolidation Aug. 22. 1872, of the Marq. & Ontouagon
716, 717; V. 34, p. 204.)
Railway and the Houghton & Ontonagon Railway. The company made
Mexican Oriental Interoceanic c£- International.—This company is
default on its bonds, and issued the present 6 per cent bonds in exchange
for prior 8 per cent bonds. The stock is $2,306,600 common ; preferred formed to build from Laredo to City of Mexico, in connection with the
is 2,250,026, on which 4 per cent dividend was paid Feb. 15, 1882. Gould system ot roads terminating at Laredo. The Mexican Govern¬
The lands amounted to 425,000
acres, mostly timber and mineral ment grants a subsidy which it is said will net $12,000 per mile. Seo
lands, and in May, 1881, 400,000 acres were sold for $2,500,000, and circular of Mr. Gould, as President of Mo. Pacific, in V. 33, p. 687, 716,
about $1,800,000 6 per cent bonds called in.
In May, 1881, a circular
Michigan Central.—Dec. 31,1881, owned from Detroit. Mieli., to Ken¬
was issued offeriog to stockholders the privilege of subscribing to the
270
Ills. Central, Kensington to
stuck of a land company formed to take all the unsold lands.
See sington, Ill., miles;miles ; used jointly wfithAir Line, 104 miles; Jackson
Chicago, 14
leased lines—Michigan
V. 33, p. 47. Operations and earnings have been:
Net
Lansing & Saginaw, 236 miles; Grand River Valley, 84 miles; Kala¬
Gross
Freight (ton)
Passenger
Earnings. mazoo A South Haven, 40 miles; Joliet & Northern Indiana, 45 miliSs;
Earnings.
Mileage.
Years. Miles.
Mileage.
346,063 Niles & New Lisbon, 11 miles; total operated. 804 miles. The leased
675,732
15,478,293
88
1,170,748
1877
299,182 lines have been largely assisted by the Michigan Central Company, and
566,453
15,816,466
1,030,290
1878/.... 88
277,157 prior to 1872 the Michigan Central was a regular dividend-paying
552,671
15,124,336
1,130,678
1879
88
405,719 company. The Vanderbilt party took possession in June, 1878’.
771,538
20,804,176
88
1880
1,615,903
For 1881 (December partly estimated), the statement of income was

1880, owned from Cin. A Balt. Junc¬
157 miles; branches and extensions
Main Line Junction to Scott’s Landing, 31 miles; Marietta to Belpre, 11
miles; Portsmouth to Hamden, 55 miles; Blanchcster to Hillsboro, 22
miles; leased—-Cin. A Balt. RR., 6 miles; Balt. Short-Line, 30 miles; total
operated, 312 miles. The company made default, and the road was
placed in the hands of Mr. John King, Jr., of the Balt. & Ohio, June 27
1877, and a foreclosure suit was afterward begun. The Marietta & Cin.
Co. guaranteed the stock and bonds of the Baltimore Short-Line Rail
way, and when in default on its own bonds this rental of the Baltimore
Short-Line anil the rental of the Cincinnati A Baltimore Railroad were
Mw'ietta <& Cincinnati—Dec. 31,
tion, O., to Main Line June., O.,

Memphis Paducah <0

from Paducah to Trimble, Tenn., and from
miles in all. The road was foreclosed in
under this name, but no financial statement

.

-(V. 82, p. 552, 578; V. 33, p. 47, 154.)

as

Deerfield, Mass., 110
Leased March,
miles; branches, 6 miles; total as projected, 116 miles.
1880, to Boston A Lowell for 25 years, at a rental of 25 per cent of
gross earnings, and to be completed as specified.
Stock, $3,500,000.
Massachusetts Central—Boston,

Mass., to West

-(V. 33, p. 469.)

to

Memphis <& Charleston.—June 30, 1881, owned from Memphis
’Stevenson, Ala., 272 miles; branches—to Somerville 14 miles, to
Florence 5 miles, to Mississippi River 1 mile; total operated, 292
miles. This road was leased June 2,1877, to the East Tennessee Vir¬
ginia & Georgia Railroad for twenty years from July 1, 1877.
lessees were to operate the road on tlieir own account and apply the net
earnings to interest and pay the balance, if any, to the lessors.
lease was terminable on 6 months’ notice and was modified in December,
1879, the M. A C. Company giving up their right to terminate the lease,
and the lessees

agreeing to buy the

pay them. Of the new
the old Tennessee State
sufficient balance of this
mortgage is reserved to take up first and second mortgages. The first
mortgage bonds due May, 1880, were bought up, but not paid oil’.
the M. A C. earnings should be insufficient to
consolidated mortgage, $1,400,000 is secured by
lien for $1,736,906, assigned to a trustee, and a

Earnings for five years past "were as follows:
Gross Earn’gs.
Miles.
Years.
Miles

-(V. 32, p. 526, 552

.

;

Balance

$9,085,749
5,738.751

$191,000

Net earnings
Interest and rentals

$8,936,000
6,752,000
(75*56
$2,181,000
1,693,000

$1,760,588
(8) 1,499,036

(63*16)

$3,346,998
1,586,410

(2b>) 468,455

Dividends

292
292
292
292
292
292
292
292
292
292

V. 33, p. 553, 560.)

$961,356

989,857
862,513
1,003,271

1,342,082

Surplus

OPERATIONS AND FISCAL

RESULTS.
1879.

1880.

307,237

297,541

293,633

G,S72,094

7,346,791

8,951,375

1878.

1877.
1.699,810
1,445,655
1,373,530
1,400,847 79,684,072 93,232,430 115,523,789
Passengers carried...
Passenger mileage ... 79,805,454
2*13 cts.
2*21 cts.
2*41 cts.
Net Earn’jrs.
Raters pass’ger^t mile
2*36 cts. 2,786,646 3,513,819 3,797,137
$317,523 Freight (tons) moved. 2,937,570
307,445 Freight, (tons) inileage446,70S,939 548,053,707 721,019,413 735,611,995
0*842 cts.
231,038 Av. rate $ ton $ niile
0*982 cts. 0*848 cts. 0*692 cts
3
$
262,924
$
$
Earnings—
2,461,771
511,345
2,062,265
1,918,609
Passenger
1,881,581
6,195,971
4,986,988

Memphis <fi Little Rock —Deo. 31, 1879, owned from Little Rock*
Ark., to Hopetield. Ark., 135 miles. Default was made November, 1872 >
and the property sold in foreclosure. The new company also defaulted,
and the road was sold .and reorganized April 28, 1877. The stock is

Operations—

4,387,839
292,015
Total gross earnings.
6,561,435
Operating Expenses—
$
Freight

,

Mail, express, Ac

Mamt. of way.

Ac—

778,948

627,624
earnings,
||»b00,000. The company has a earnings were $428,620; net 1,000,000 Maint. of equipment.
in 1879 gross land grant
$138,367.
from Congress of
Transports expenses 2,357,529
acres, of which about 150.000 acres have been certified to it.
The Taxes
302,742
ficncral mortgage carries 8 per cent interest after July, 1882. In April, Miscellaneous
441,639
1880, control of this company was purchased by the St. Louis A Iron
Mountain, and on Jan. 1, 1832, the coupons were permitted to go to Total
4,508,482
default, aud Mr. Marquaud then offered to purchase the coupons, hold- Net
earnings
2,052,953
bag them as alien against the company. F. A. Marquaud is President,
P.ct.op.exp.toearn’gs
68*71
New York City. (V.34, p. 204.)




1880.

18-1.

earnings
Operating expenses and taxes
Percentage of earnings
Gross

$261,532
$22,545
In 1880 construction account for the entire system increased $271,109,
of which amount the cost of lands and new 2d track, viz., $95,184, was
paid with funds derived from traffic; but the cost of 227 new freight
cars, viz., $175,925 was paid with proceeds of sundry securities which
coupons for three years following in the company held.

The
The

case

follows:

4,640,248

$

854,554
648,718

2,296,394
204,497

$

$

904.613
,623,730

1,226,536

2,453,164

2,824,901
197,255

201,682

670.006

363,075

514,403

820,053

4,367,238

4,699,592
2,647,202

3,212,624

2,504,856
63*55

63*97

5.738,751
64*11

AND BONDS.

RAILROAD STOCKS
Subscribers will confer a great

favor by giving

on

of column headings, &c., see
first page of tables.

Miles Date
of
of
Road. Bonds

notes

Michigan Central—(Continued}—
Detroit & Bay City 1st mortgage, endorsed
Mort. on Detroit & Bay City Railroad
Jackson, Lansing A Saginaw 1st mort
1 st mortgage

do
do

145
145

110
....

.

230
298
13
100
298

Cons. m. on whole line (300m.)

do

do

do

Middletown TTnionville d■ Water Gap—1st mortgage.
Milw. Lake Shored: lies*—Northern Div., 1st mort.
Consol, mort., gold (for $5,000,000)
Income bonds (not cumulative)
MiEnankep. d Northern—1st mortgage
Mine Hill d Schuylkill Haven—Stock

Minneapolis d St. L— 1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to State Line ..
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, gold, coup. (Al. Lea to Fort Dodge)
Mortgage on Southwestern extension
Mortgage on Lake Superior Extension
2d mort. bonds, income, 5 A 10 years
1st mortgage, gold, Pacific Extension
Mississippi d Tennessee—1st mortgage, series “A”.
1st mortgage, series “ B,” (a second lien)

120
140
27
93
15
102
53
21
172
02
100
100

Texas—Stock
fund, on road and land (U.P.S.Br)
1st mortgage, gold (Tebo. A Neosho)
Consolidated mortgage, gold, on road and land...
2d mortgage, income (interest cumulative)
General consol. M..gold (for $45,000,000)
East Line A Red River
Hannibal A Central Missouri, 1st mortgage
do
do
2d mortgage
Intern at. A Gt. North’n, 1st mort, gold
2d mort. income, not cumulative
do
do
2d mortgage

1,19*6

1872-3

Missouri Kansas d
lstm., gold, sink.

-■ ■

.

182
100
780
780

70
70
774
774

774

TT ULCU

4

1,000

1,100,000

H
1

1,000

400,000
572,000

1,000

3,300,000

6

1,000

500,000

1,000

2,155,000
4.022,500
455,000

....

50

1,000
500 Ac.

1,000
1,000
1,000

7
7
7
7
7
7
7
6
8
8

930,000
970,000

1,003,000
2,290,000

g.
g.
g.
o-

g.

J.
J.
J.
J;

M.
J.
J.
J.
J.
A.

A. A O. N.
J. A J.

0 g.
7 £T.
7 g.

349,000
14,772,000

500 Ac.
1,000

8,128,000

0

950,000

1,000

7,035,000

7
0
6
7
7
6
8
0

1,000
1,000
1,000
590 Ac.
....

1, 1931
July 1, 1885
July 1. 1885

f Sept. 1, 1891

Sept. 1, 1891

A D. N. Y. .Merch. Exch. N. Bk.
A J.iphila.M.II. AS.II.R.Co.
A J. N.Y., Continental N.Bk.
A 1).
do;
do
do
do
A N.
do
do
A D.
New York.
A D.
do
A D.
A J. N.Y., Continental N.Bk.
New York
A O.

40.897,000

1,000
1,000
1,000

Mar.

S. N. Y., S. S. Sands A Co.
New York.
M. A N.

3^2

246,000
500,000

1,000
1,000

do
do
do
do
do

M. A

4, 5. 0

1,015,000
030,000

1,000
1,000

do
do
do
do
do

Middleto’n.N Y.JstN.B

....

*

Y.f Union Trust Co. May 1,1902-3

0

280,000

1,000

cr
0

7

950,000

808,000
708,000
32,000

7,954,000
507,500
0,546.500

gg.

g.
g.

g.

J.
J.
F.
A.
M.
J.
J.
M.
M.
M.
M.
M.

A
&
A
A
A
A
A
A
A
A
A
A

Y., Imp. A Trad. Bk.
do

do

.

J. N. Y., Union Trust Co.
do
do
A. N.Y., Mercantile Tr. Co.
N. Y., Co.’s Otlico.
O.
do
do
N.
do
do
D.
D.
N. New York, Co.’s Office.
do
do
N.
N. N. Y., National City B’k
S.
8.

D.

1880
Mar.
1009

May 1, 1921
May 1, 1911
June 1, 1910
July 15, 188 L
Jan. 1, 1907
Feb. 1, 1927
Jan. 1, 1907
June 1, 1909
Dec. 1, 1910June 1. 1910
Jan. 1, ’6G-’91

April 1, 1921
April 1, 1902
July 1, 1902
Jan., 1899
Jime, 1903
1904-1906

April 1, 1911
May 1. 1906
Dec. 1, 1920
1900

r

T

,

r

,

May 1, 1890
May 1, 1892
Nov. 1, 1919
Sept. 1, 1909

T

1

Kan., 157 miles; Holden (Mo. Pac. RR.) to

INCOME ACCOUNT.

Receipts—
let earnings
Merest and dividends

1878.
$2,504,856

119,604

$2,024,520
$
184,310

Total income

Disbursements—
Rentals paid
Interest on debt
Dividends.

.

1879.
$2,047,202
08,634

1880.
$3,212,624
134,374

$2,715,830
$

$3,316,93,1

184,310
1,403,472
1,431,640
(4) 749,528 (5^)1,030,601
97,840
101,202

Miscellaneous

Balance, surplus

2,024,520

Totai

.$
184,310
1,385,120

(3) 1,499,050
70,000
97,453
208,512

2,715,83G

3,340,998

The Jackson Lansing A Saginaw debt is assumed by Michigan Centra),
which also pays $70,000 per year on the stock of $2,000,000,
of which it owns; the proceeds of J. L. A S. lands go to pay bonds,

one-third

and in 1880 sales amounted to $081,341, leaving 408,S81 acres unsold,
valued at $3,000,007. Interest was passed on the Detroit and Bay City

^

$124,000

Dividend.

Whom.

M. A N. N.
M. A S.
J. A J.
J. A J.
M. A 8.
M. A S.

8
8
8
0

1,000
1,000
1,000

100

1808
1870
1871-3
1876
1873
1880
1880
1870
1372
1879
1379
18S1

Payable j

8
5

1,000

000,000
1,024,000
08,000
1 943,000

$.—

'

1877
1877
1877
1879
1880
1880
1881
1881
1877
1877

Cent.

Value.

1881
1805
1807
1871
1880
1806
1879
1881
1881
1880

1,190

*■—

immediate notice ot any error discovered in these Tables.
INTEREST OR DIVIDENDS.
\*L°™*s—PrijttciUU6.
Size, or
Amount
Rate per When {Where Payable', and by
Sloclcs—Last
Par
Outstanding
,

DESCRIPTION.
For explanation

[vol. xxxiv.

bonds, not guaranteed, November, 1875, and sale was made Feb. 12,
1880, for $3,625,750. In March, 1831, the Michigan Central bonds for
$4,000,000, secured by mortgage on that road, were issued.—(V. 32, p.
205, 368, 437, 497, 511, 679, 680 ; V. 33, p. 225, 358, 709, 744.)
Middletown Enionnllc d Water Gap.—Oct. 1, 1879, owned from' Mid¬
dletown, N. Y., to Union ville, N. J. State Line, 13 miles.
Road opened
June 10, 1868. Is leased to the New Jersey Midland Railroad at a rental
of 7 per cent on stock ($123,850) and interest on bonds. Paid a dividend
of 2L> per cent Feb., 1881. G. Burt, President, Warwick, N. Y.
Milwaukee Lake Shore & Western.—Dec. 31, 1S80, owned from
Milwaukee, Wis., to Wausau, Wis.. 210 miles; branches—ITortonville toOshkosh, 23 miles: Manitowoc to Two Rivers, 6 miles, and Eland Junc¬
tion to Birnamwood, 5 miles; total operated. 244 miles. The company
defaulted on the interest of its bonds in Dec., 1873. and on Dec. 10,
.1875, the property was sold in foreclosure for $2,509,788 and pur¬
chased by bondholders. The reorganized company has $5,000,000 pre¬

Paola, Kan., 54'miles; Deni¬

Tex., to Gainesville,Tex., 40 miles; Denison to Greenville, Tex.,
52 miles; total, 879 miles.
International & Great Northern.—Dec. 31,
1880, from Longview, Texas, to Houston, Texas, 230 miles, and Pales¬
tine, Texas, to Austin City, Texas, 181 miles; Austin to San Antonio,
80 miles; branches—Troupe, Texas, to Mineola, Texas, 44 miles; Phelps,
Texas, to Huntsville, Texas, 8 miles; Houston, Texas, to Columbia,
Texas, 50 miles; Henderson to Overton, Texas, 10 miles; leased, 10
miles, Round Rock to Georgetown; total operated, 625 miles.
The Missouri Kansas A Texas Company was organized April, 1870,
and embraces by consolidation the Union Pacific-Southern Branch, tho
l'ebo A Neosho and other minor companies.
In 1874 the Hannibal &
Central Missouri was purchased. The company made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dec. 30,1S74, to July 1,1870, when the Uuibn Trust Company of New
York took possession.
The election of Mr. Gould as President took
place in January, 1830. On Dec. 1, 18S0, the company took possession
of its property, paying the overdue coupons.' The Missouri Kansas &
Texas bonds and Union Pacific Southern Branch bonds till 1881 received

son,

5 per

cent only in cash"and balance in scrip.

The company had a land

grant from the United States estimated at 817,000 acres and from the
State of Kansas 125,000 acres. There is also a grant in the Indian
Territory of 3,022,400 acres subject to the extinguishment of the Indian
title. The Bonneville Bridge Co. is a separate organization, and earns
interest and proportion for sinking fund.
voted to increase stock by $25,000,000,

Nov. 17, 1880, stockholders

to make extensions to Rio

Grande River and City of Mexico and Fort Smith, Ark.
consolidated mortgage is at $20,000 per mile on all road

The general
built and to

of which.$18,217,000 is reserved to take up first consol, and
prior bonds; $10,000,000 reserved to take up income bonds and inter¬
est, with bonds under this mortgage which may carry less than 0 per

be built;

cent interest.
At a meeting

of stockholders May 18, 1831, a lease

to the Missouri

ratified on terms following; That tho
lessee operate tho road and pay the obligatory mortgage i iff crest, pay¬
ing over t he balance to the Missouri Kansas A Texas Company, If there
is a deficit in income the lessee may advance money to pay interest, or
in ease of failure to make such advance the Missouri Kansas A Texas
can resume possession of its road.
(See V. 32, p. 013.)
The International A Great Northern Railroad was merged with this
company in May, 1881, by an exchange of two shares of Missouri
Kansas
of International A Great Northern.
A Texas for oiie
Pacific

for

99 years

was

A consolidated mortgage for
$5,000,000 is issued to take up all other debts, and the balance for
extensions, Ac. Pref. stock has a prior liglit to 7 per cent from net
earnings. In 1880 gross earnings were $427,751; net earnings. $151,487. For year ending June 30, 1881, net income was $139,704, and
6 per rent, for 1881 on income bonds is to lie paid in 1882.
(V. 32, p. The International A Great Northern was a consolidation of the,
Houston A Great Northern Railroad and the International RR. of Texas
232, 288, 569, 578, 630, 057; V. 33, p. 580; V. 31, p. 115, 177.)
Milwaukee <£ Northern.—Jan. 1, 1881, owned from Green Bay, Wis., on Sept. 22,1873. The company made default on its bonds, and a Re¬
to Schwartzburg, Wis., 104 miles; branches—Menashaand Appleton to ceiver was appointed in April, 1878. Sales in foreclosure Were made
Hillbert, Wis., 22 miles; total operated, 120 miles. The new bonds July 31 and Oct. 14, 1879. In the reorganization the lands of the com
pany, amounting to about 5,000,000 acres, were conveyed to the
carry 4 per cent for one year, 5 per cent for one year and 0 thereafter
June 5, 1880.foreclosure was made and road sold for $1,500,000. The second mortgage bondholders in full settlement for their lien on the road,
stock is $2,155,000, same as bonds. It is leased to Wisconsin Central which was thereby discharged. The present income bonds .were issued
at a rental of 37^2 per cent on gross earnings, terminable by either for onb-half of old mortgages and overdue interest. Interest at 4 per
cent for 1.879 was paid on these and for 1880 5 per cent—2
per cent
party on 0 months’notice, and on Feb. 1, 1832, the lessee gave such
notice.
Gross earnings, 1879, $383,251;
net, $130,033. ‘ Gross in March 1 and 2*2 per cent Sept. 3,1.881. The option was given till June 1,
1880, $470,801; net, $175,053. Gross in 1881, $530,250; net, $198,944. 1881, to exchange these for the new G per cent second mortgage bond.
Prices of Missouri Kansas A Texas stock have been:
—(V. 32, p. 335, 437; V. 34, p. 147.;
1882.
1S81.
Mine Ilill d Schuylkill Haven.—Nov. 30, 1881, owned from Schuylkill
1882.
1831.
Haven. Pa., to Locust Gap, Pa., with branches, 06u> miles. Road was Jan
5158- 40ti
SUV 33*8
48 - 40*2 July.....
leased May 12, 1804, to the Philadelphia w Reading Railroad Co. for 999
Feb
* 5038- 39^8 August.
453s- 37
44 - 39^3
473s- 42*2 Sc.pt’ber
years at a rental of 8 per cent on the capital stock. There is no debt, March
October
42V 367s
and 7 per cent dividends arc paid. Operations not separately reported;
April
473i- 43
44V 38^
included iu lessee’s returns.
May..
54 - 44*2 Nov’ber
Dcc’ber
413a- 347s
533s- 49
Minneapolis ct St. Louis.—Doe. 31, 1880. owned from Minneapolis to June
Albert Lea, 108 miles; Albert Lea to Fort Dodge, 102 miles; Wyoming
No pamphlet report of M. K. A T. for 18SO was issued, but the returns
to Taylor’s Falls (V owned), 21 miles; leased, Minneapolis to" White
to Poor's Manual had the following: “ Operations for year ending Dec.
Bear Lake, 15 miles; White Bear Lake to Duluth, 143 miles; total 31, 1880.—'Trains run (passenger, 845,494, freight, 2,020,102), 2,871,operated, 389 miles. In Juno, 1881, a consolidation was arranged with 590 miles. Total engine service, 3.550,004 miles. Passengers carried,
$2,000,000 of stock. (See V. 32, p. 013.) Gross earnings for year 355,075; carried one mile, 24,790,548; average fare, 3*38 cents.
1878-9. were $171,344; net earnings, $180,010; 1879-80, gross, Freight moved, 889,213 tons; moved one mile., 188,024,104 tons. Aver¬
$819,558; net, $250,050. The bonds of the $1,190,000 mort. (1877), age rate, l-054 cents.
nurtibered from 1.101 to 1,400, for $500 each ($150,000 in all), are
Expenditures.
Earnings.
guaranteed by the Burlington Cedar Rapids A Northern Railroad.' The From passengers
$820,201 For maintenance of way $994,075
832,341
bonds on the 15 miles were issued by the Minneapolis & Duluth Rail¬
From freight.’
3,1 10,461 For roiling stock..
road before it was absorbed by this company, i’referred stock of
/ 89,028
For transportation, Ac.
From mail, express, Ac.
252,388
$8,000,000 is authorized and $ 1.000,0;>0 issued;
common stock,
$12,000,000 authoiizcd and, $0,000,000 issued; par of both-$400 per
Total($2,976 62 p.m.) $2,616,045
Total($4,721 57 p.m.) $1,101,671
share. The projected Southwestern extension runs from Fort Dodge,
“Balance, net earnings, (374 4 per cent.), $1.5 15,025. Interest charges
la., towards Kansas City, Mo., 325 miles, with a branch to Council
Bluffs. 140 miles. W. D. Washburn, President. (V. 32, p. 121, 500, 50!’, for year on 1st consol, and underlying 1st mort. bonis, $1,252,230
Earnings for live years past were as follows:
612; V. 33, p.201,470, 528 ; V. 34, p. 02.)
ferred stock and $1,000,000 common.

,

-

-

Mississippi d Teiincssec.—September 30, 1881, owned from Grenada,
Capital stock, $825,400. Debt

Miss., to Memphis, Tenn., 100 miles.
was consolidated as above iu 1877.
were:

$525,489

;

Earnimrs for three years past

$373,087; net, $169,955; 1879-80, gross,
net, $269.379; 1880-81, gross, $192,180; net, $191,340. (V.

1878-79.

gross,

34, p. 59.)
Missiniri Kansas ft Texas.—Doc. 31, 1880, Owned from Hannibal, Mo.,
to Denison, Texas, 570 miles; branches—Parsons, Kan., to Junction City,
*




Years.
1870
1877..
1378
1879
1880

Miles.
...

X......
...

.

...

...

780
780
780

—(V. 32, p. 101, 183, 205, 335, 421,
080; V. 33, p. 47, 74, 201, 358, 404,

Gross'Tinrn’gs
$3,21 7,2 / <3
5497,321
2,98 1,08 L
5,3 11,291

4,101,071

Net

Earnings.

$1,215,999

952,211

423,833
1.271,541

1,545,625

18S2.]

February,

Subscribers will confer
description.
For

explanation of
^
on

great favor by giving immediate
Miles

mortgage,

Size, or

of

Par

-**

Amount

(sinking fund $50,000 per annum)..
Real estate (depot) bonds.........
Debt to St. Louis County (no bonds)

H.rgoid, for $30,000,000 (coup, or reg.)..
Branch, 1st mortgage
Missouri River RR., 1st mort
Leavenworth Atch. & N. W., 1st mort., guar
St. Louis & Lexington, 1st mort

1.000
500 Ac.
....

....

....

1,000

1876
1880
1873

299
708

15^

Consol.

1,000
1,000

Carondelet

.

.

1st mort., coupon...........
may be registered
mort., gold, land gr"
1st, gold, cp. or reg.

gold, on road and land
bonds,reg. (cumulative)
bonds,reg. (cumulative)
ort. (for $32,036,000)

•

686
56
56

Trunk—Stock

Mobile d Alabama Grand
1st mortgage bonds ($20,000 p. m.), coupon
Mobile d Girard—2d mort., end. by Cent.
3d rnortff. bonds
Mobile d Montg—Stock
Mobile d Ohio—Stock
New mortgage, principle payable in gold

....

186
506
472

f. debentures, not cumulative
do
do
do
do
do
do
Cairo extension (Ky. A Tenn. RR.)
Montpelier d Wells River—Stock
Morgan's La.&Texas—1st mort.,gold(N.O.to M.City)
1st mortgage, extension, gold

1879
1879
1879
1879
1879
1880

....

....

22
40
110
150

1

1,000
....

...

1878
1880

new

1878.

Total gross

earn’gs

..

4,500,422

$
5,292,611

1880.

1879.

$

4,514,321

.

$

6,265,597

INCOME ACCOUNT.

Receipts—
Net earnings
Disbursements
Interest on bonds....
Other interest
Disc’t on con. m. bds.
Miscellaneous

$
1,740,207

Balance, deficit..
Assets—

$

1,945,956

2,300,555

$

$

2,190,371

1,814,600

2,222,194

2,0S3,899

379,257

163,823

390,199
667,800

167,027

32,825

84,660

699,129

120,331

GENERAL BALANCE AT

•

CLOSE OF EACH

$

$

44,960,735 45,237,710
753,582
656,977
Bands
3,742,908
3,048,008
Bills & acc’ts receiv’le
320,56 4
Materials, fuel, Ac...
241,383
198.311
Road and equipm’t..
Real estate

Cash

on

hand

Income account
Miscellaneous items.
Total assets
Liabilities—

Stock
Funded debt
Certfs. A unfund, cou
Bills payable, Ac
Interest accrued; <sm.

$

$

$

2,131,902

208.458

432,363

1,116,081

1,236,415

5.000

51,028,147

604,827

52,335,1S4

$

$

21,471,151

21,469,101

25,909,000

2,440,125
430,415

777,456

25,909,000

2,438,165
539,029
1,979,889

40,438

7
6
5 g.
7 g.

8
4

212

do
do
do
do
St. Louis.

•

•

•

N.Y., Mercantile Tr. Co.
do

do
do
do
do
do
do

•

Stocks- Last
Dividend.

3, 1882
Aug., 1889

Jan.

July, 1891
May 1, 1892
Feb., 1885
Nov., 1920
1, 1893

Oct.

do

do
do
do
do

Oct.

J.
J.
J.
F.

A J. New York A London.
A J. N. Y.. Nat. City Bank.
do
do
A D.
A A. N. Y., Drexel, M. A Co.

July 1, 1910
Jam, 1889

900,000
600,000
800,000

2
7

6 g-

Mobile .and New York.
New York City.
do
do
Yearly.

J.

A D.

$

71,037

Dec.

Yearly.
J. A J.

do
do

do
do

Yearly
N.

Street.

Y., 11 Pine

Boston.
New York.
do

A. A O.
J. A J.

July 1, 1892
(?)

April 1, 1918
July 1, 1920

Francis B. Clark,
to Troy,

$279,900, and
endorsed byand nek
$228,039; net, $78,704.
from Montgomery, Ala.,

Mobile d Monlgomcrg.—Dee. 31,1880. owned
to Mobile, Ala., 179 miles. Default was
on
the road was sold in foreclosure Nov. 16, 1874,
holders, who organized this company on a

made

the bonds in 1873 and

and purchased by bond¬
stock basis, in Nov., lS7t>,
$1,550,000 of the stock owned in this country was purchased by parties*
in the interest of the Louisville A Nashville Railroad at 80, giving the
control to that company. The old mortgage debt yet out is $275,000.
Gross earnings in 1879, $704,580; net, $228,713.
Mobile d Ohio.—June 30, 1381, owned from Mol me, Ala., to Columbus r
Ky., 472 miles, and extension (by Ky. A Tenn. RR.) to Cairo, 22 miles':
branches—Artesia, Miss., to Columbus, Miss., 14 miles; Artesia, Miss.,
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
total operated, 528 miles. The Co. funded coupons from their bonds in
Feb., 1867, and resumed payment of interest May, 1870. In 1872 the 2d
mortg igo bonds were issued t<* pay floating debt . A default was made
May 1, 1S74, and two trustees and receivers took possession May 8,
1875. The stock and bonds of the company wore placed on the N. Y.
Stock Exchange list in July, 1879, and from the statement then sub¬
mitted the following revised description was taken. The new liens issued
and to be issued are as follows: First—'Sow mortgage to the Farmers'
Loan A Trust Co., of New York, as trustees, upon the main line, excluding

amounting to $7,000,000,
United States, Dec. 2,
represented
lawful
In tlie cities of New
each
will be issued at
once.
Second.—Deed of trust to the Farmers’ Loan A Trust Co., as trus¬
tees, to secure four series of preferred income and sinking fund deben¬
tures. which will be issued only to tlie extent required to meet tlie out¬
standing liabilities of the Mob. A O. RR. Co., after deducting the amount
of such liabilities provided for in and by tlie new mortgage of $7,000,000.
These debentures are secured by a deed of trust to tlie Farmers’ Loan
A Trust Company, covering specifically tlie lands (including over
1,150,000 acres of land donated by the United States) and other prop¬
erty not necessary for the operation of the road.
Interest at the
rate of 7 per cent per annum, or in multiples of 1 per cent, but
not exceeding 7 per cent in any one year on these debentures,
is payable annually upon each series in the order of their priority,
but ouhy if earned in the preceding fiscal year, and is non-cumulative. The holders of debentures have one vote for each $100, and each
year they instructed the Farmers’ L. A T. Co., trustees, how to vote at
the stockholders’ meetings upon tlie majority of the. stock of the Mobile <fc
Ohio Railroad Company, the power to vote up-on which is irrevocably
with the Farmers’ Loan A Trust Company, until the extinguishment of
said debentures. The foregoing bonds and debentures are issued in for¬
bearance, extension and compromise of tlie present indebtedness of the
Mobile A Ohio Railroad, the entire amount of which (excepting less than

branches, to secure bonds in the aggregate
dated June 1, 1S79, due, in gold coin of the
1927, interest at 6 per cent per annum in
money,
by coupons, payable June 1 and Dec; 1
year,
York and Mobile. Tlie whole amount of these bonds

1 per

cent of the first

liens and a very

liens), with the power and
Circuit Court of the United

limited percentage of the inferior

*

30,068,657 30,078.810

108,210
489,019
1,095,111

18,202
1,727,205
1,038,117

Passenger

Y’ears.
1876-7...
1877-8...
1878 9...
1879-80..
1880-81
.

Miles.
529
.

..

..

529

506

Freight (toil)

IMileage.

Mileage.

Earnings.

Earnings.

9,004,770
8,715,315
6,968,900

61,388,247

$2,072,634

$163,226

70,706.581
58,339,703
80,406,765
86,956,914

2.284,615
2,377,817

10.468,035
11,3 12,655

2,098,540
1,830.620

*
51.028.147 52,335.184 53.219,959 54.322.150
After deducting all expenses, including extraordinary.
$585,108 of Arkansas land trust notes.
-(V. 33, p. 176, 281, 329, 358 ; V. 34, p. 115.)
-(V. 32. p. 183. 368, 469, 488, 526, 553, 569, 613, 659; V. 33, p, 24,
Montpelier d: Wells River—Dec. 31,1880, owned
100, 125, 155, 176, 275, 304, 336, 442, 50?, 560, 687; V. 34, p. 20.)
Wells River. Vt.. 38 miles. Reorganized January, 1877.
Mobile d Ala. Grand Trunk.—Dec. 31, 1880, owned from Mobile, Ala., President. East Cambridge, Mass. Gross earnings in
toBigbee Bridge, 59 miles. The stock was $150,000; 1st mortgage bonds, net, $19,558; in 1880, gross, $86,479; net,
$1,124,000. City Mobile bonds donated $750,000. The company lias
Morgan's Louisiana d: Texas Railroad d
ocen in default, and will be sold in foreclosure unless reorganized with¬
owned from New Orleans to Morgan City, 80
and
out sale. The plan proposed for the issue of new stock and bonds was




1, 1927

•

Yearlju

authority to avail of the decrees of the
States, adjusting and establishing said in¬
128,383
341,334
debtedness, are assigned and t ransferred to the Farmers Loan A Trust
FISCAL YEAR.
Company, as trustees, for the further security of the bonds and deben¬
$
$
tures herein referred to. The capital stock authorized by the charter is
45,694,908 47,321,485 $10,000,000, or 100,000 shares of $100 each, of which, there have been
111,675 issued 53,206 shares. The debentures are secured by a deed of trust of tho
598.313
3,556.473 3,407,908 land, about 1,143,222 acres, and receive 7 percent, if earned.
493,40S
506,630
The Cairo Extension bonds may be redeemed before maturity any
365,822 Januaryjl or July 1 at 110, six week’s notice being given.
242.313
244.184
In August, 1881,7 per cent was declared on 1st preferred incomes,
386,892
1,577,753 1,706,142 payable 3*2 Sept. 1,1881, and 3*2 February 1, 1882; also 2 per cent on
671,472 2d incomes, payable Feb. 1, 1882.
656,677
The last annual report was published in the Chronicle of September
53,219,959 54,322,150 10, 1881, V. 33, p. 281. Operations for five years ending June 30 :
*Net
Gross
$
$
21,458,961 21,459,321

376,321

379,468
824,966
815,330

Total liabilities...

This includes

75,

m

June, 1897
Feb.. 2, 1880

....

6 g.
7
7
7
7
6

1, 1889

Aug. 1, 1892
A A.
Mayl, 1897
A N. New York or London.
A D. N. Y., Mercantile Tr. Co. June 1, 1895June 1, 1897
do
do
A D.
Jan. 1, 1891
do
do
A J.
Pd. May, 1880
do
do
March.
Pd. Oct. 12,’80
do
do
March.
April 1, 1931
do
do
A. A O.

F.
M.
J.
J.
J.

given at length in the Chronicle, V. 32, p. 636.
President, Mobile, Ala. (V. 32, p. 636.)
*
Mobile d Girard.—May 31,1881, owned from Columbus, Ga.,
Ala., 84 miles. Common stock, $987,164; preferred stock,
$5,080 Pike County stock. Second mortgage bonds are
Central RR. of Ga. Gross earnings in 1878-9 were $195,907
earnings, $60,335. In 1879-80 gross earnings
In 1880-81, gross. $275,816; net, $86,673.
(V. 33, p. 73.)

one

$

7 g.

5.000,000
1,800,000

1,000
1,000

in August, 1880, embracing
St. Louis & Lexington, Kan¬
Southorn in Missouri; and the St.
Leavenworth A Atchison in
1881, the St. Louis Iron
From St. Louis to
Texarkana, Texas Line, 490 miles; branch lines, Mineral Point, Mo.,
to Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 120 miles;
Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 71 miles; total, 685 miles.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgage
Sept. 6, 1870, for the nominal price of $3,000,000, to C. K. Garrison
and others, and this company was organized with a stock of $800,000.
The validity of the sale has been contested, but the U. 8. Supreme Court
decided in favor of the present company. In 1879 the gross earnings
were reported at $3,922,893; net earnings, $1,783,734.
Earnings from
passengers in 1880, $1,325,044; freight, $1,014,128; other sources.
$368,599 ; total, $5,707,773; operating expenses and taxes, $3,125,326;
net. $2,552,447; interest payments, $1,201,925; dividend payments,
$186,297.
In Oct., 1880, quarterly dividends at the rate of 1*2 p. c. were begun. The
consolidated mortgage above is for $30,000,000—trustees John F. Dpllon
and Edward I). Adams. The bonds arc issued to retire the outstanding
bonds of the consolidated company, as above given, amounting to
$20,184,000. The remaining $9,816,000 are to be issued as may be
required for finishing, constructing, purchase, acquisition, Ac.
The St. Louis Iron Mountain A Southern stock was merged in the
Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacific for
four shares of Iron Mountain. In August, 1881, a circular was issued
giving holders (Aug. 8) of ten shares Mo. I\ac. stock the right to take
share in the Hudson River Contracting Co., to build 250 miles of
road from Knobcl, on northern line of Ark. to La. State line, in
Ashley Co., under the Cairo A Fulton charter.
The St. Louis & Iron Mountain road defaulted on its interest in 1875
and finally made a compromise with its bondholders, issuing the first
pref. income bonds due in 1891-95-97 and 1914. the overdue coupons on
mortgage bonds, the coupons not being canceled but held in trust as
security. The 2d pref. income bonds, due 1914, were issued to holders
of consolidated mortgage bonds, and those bonds deposited as security.
Interest to Dec. 31, 1879, has been paid on the income bonds, but
nothing for 1880. The company offers to exchange them for the new 5
per cent mortgage bonds, with which all other bonds are eventually to
be retired; interest on both classes of the income bonds is cumulative.
The Mercantile Trust Co. of N. Y. is trustee of the general consol, mort¬
gage. The St. L. I. M. A So. annual report for 1880 was published in V.
32, p. 285.. Comparative earnings, &c., of St. L. I. M. & S. for four years
1877.

7 g.
7 g.

600,000

1

....

Missouri Pacific.—This was a consolidation
589 miles, made up of the Missouri Pacific,
sas City A Eastern and Lexington A
Louis Kansas & Arizona aiuUKansas City
the State of Kansas, 708 miles in all. In May,
Mountain A Southern was taken in, as follows:

follows:

7g.

1,850,000

1

New York, Office.
N.Y., Mercantile Tr. Co.

mont’ly
M. A N.
M. A N.
A. A O.

and by

Where Payable,
Whom.

A. A 0.

7

....

....

Q.-J.

F. & A.
X. A J.
M. A N.

....

2,500,000

....

Payable

7

....

....

....

pref. inc. and s.
do
2d
do
3d
4tlvdo

1st

1Jfl

When

6 g.<
7
8
7
7
6 g.
6 g-

1,450,000
7,782,000
(?)
(0
1,000
10,000,000
1,000
100
450,000
1,124,000
1,000
300,000
1,000
800,000
1,000 1
100
3,022,517
100
5,320,600
7,000,000
1,000
5,300,000

1874
1869
1877

85

Ga. RR..

1,000
1,000
1,000
1,000
1,000

1867
1872
1870
1872
1870
1879
1879
1881

....

•v- •

....

....

.

210
310
99
71
304

St. L. IronMt. & So.,
do
2d mor., gold, coup.,
Ark. Branch, 1st
do
do
Cairo Ark. & Tex.,
do
C. & Fulton, 1st,
do
1st pref. income
do
2d pref. income
do
Geueral consol, n

1,000

1870

21
.

Rato per
Cent.

7,000,000
2,573,000
800,000
700,000
3,828,000
5,000,000
250,000
205,000
190,000
650,000
4,000,000
6,000,000

1,000

1868
1871
1872

Bonds—Princi*

INTEREST OR

$100 $30,000,000

708
283
283

oci mortgage

are as

notice of any error discovered In tbese Tables. Due*
DIVIDENDS.
pal,When

Outstanding
Road. Bonds Value.

column of tables. &c., see notes
headings,

gold

Date

of

first page

Pacific—Stock

Missouri
i st.

a

XXXIX

BONDS.

KAILROAD STOCKS AND

from Montpelier to
D. R. Sortwell,
1S79, $34,520;

$20,629.
Steamship Co.—October, 1881,
miles,
branches 30

r.l i

on

Morris d Essex—Stock
1st mortgage, sinking
2d mortgage

tables.

137
84

:

fund

Special real estate mortgage

Mi
v

f i’ t
i '■*
l*r! ? •,:
.

1188776-9-900.

Nashville d Decatur—Stock, guar’d 0 p. c. hy L.
Natchez Jackson <6

A N.

f...

Columbus.—1st mort. gold

County—1st mortgage

Sfraitsv., O— 1st mortgage—

NewburgDutchess d Connecticut—Income
Newburgd New York—1st mortgage
New Castle d Beaver Valley—Stock

7h
122
122
122
99
57
94
23
5
44

Newark d Hnelson—1st mortgage
Newark Somerset d

Var’us
1871

463
310
151
340
321
83
30

Naugatuck—Stuck
Nesquehoning Valley—Stock
Nevada Ventral—1st mort., go±J (sink, f., $20,000
Nevada

$15,000,000

discovered in tlicse Tables,
^

,000

1

1,000

1875

ioo

bands..

1.000
1.000

338,000

300,000
90,000
1,827,000
1,900,000

1,000

1,000

1879
1876
1871
1869

1,000

New JLiven & Derby—1st & 2d mortgages
New Haven & Northamp. (canal RR.)—Stock

Mortgage bonds, coupon
Bonds convertible, tax free, coupon

17

cHolyokeA W.,leased, 1st M.($60,000 6s, ’98 guar
Consol, sinking fund and mort. bonds

1,000
..

Sh
6 6■
8
7
7 g.

,

250,000

1,000
500 Ac.

800,000
1,164,500
250,000
700,000
525,000

63A70 500 Ac.

2,460,000
1,300,000

100

1.000

1,000 1

}1

1.000

1,000

....

1870-S9O

2,000,000
1,300,000
720,000
200,000

50

1869
1879
1870

.

178,000
600,000

500
500 Ac.
100
50

.•••*■

12
15
13
127
92

1876-S90

406,000
5,89 4,000
1,000,000

100,000

2f50,000

1.200,000

N. Y., Del.,
do
do
do
do
do

Dividend.
Jau.

Lack A W.
do
do

Aug. 1, 1891
Jau. 1,

cio

do

1900

Get., 1901
June 1,1915

do

M. A N.
F. A A.
A. A O.
J. A D.
J. A
J. A J.
J. A .1
J. A J.
J. A J.
J. A J.
J. A D.
J. A .7.
A. A O.
A. A O.
J. A J.
M. A S.
A. A O.

Boston A Nashua.
Boat. .Parker A St’< Vk pi >le.
New York A Nashville.

Nov*'i'.'1*381

Washington.

June, 18:»1

N.

Oct.

July 1, 1913
July 1, 1901
Jan. 3, 1917
Jail. 1, 1917
Feb. 1, 1907

do

Drcxei,

Y.,

Dec., 1881
July 1, 1900
Oct., 1887
April 1, 3910

M. A Co.

Nashville, Co.’s Office.

Bank of America.
Bridgeport, Conn.
Philadelphia, Co.’s office
N. Y., Hatch A Foote.

N. Y.,

Jan. 15, 1882
Mar. 1, 1882

Oct. 1, 1904
Jan. 1, 1896

....

N. Y. L. E. A W. RR.
N. Y., Union Trust Co.

M. A S.
M. A N.

f

1. 1881

1881 to 1836

do
do
do
do

do
do
do
do
do
N.

Aug. 1. 1893'

Y., Metrop. Nat. Blc.

Sept., 1901
Nov. 1,

1889

....

7

(V
7
3
7
6
6 A 7
6

N. Y..Office N.Y.L.E AW

...

Jan., 1882

Newcastle, Ponn.
Various N. Haven, Mecli. Bank.

Q.--J.
.

•

•

1898 to 1900

Oct., 1873
Jan., 1S99

New Haven.
do
do
do
do

•

J. A J.
A. A O.
A. A O.
A. A O.

April, 1882
Apr.1’91 &’08
April, 1, 1909

to Jaokson and

Miss., beyond Martin, Miss., 50 miles.
In progress
bonds sold in New York by Britton A Burr.

miles; total, 110 miles; extension, Morgan City to Alexandria, La., 150
miles; total. 260 miles.
This company’s application to the New
York Stock Exchange, July, 1831, stated that:
“The company’s

3, 1882

May 1, 1914

....

3
4
6
7
6
6
6
8
3
7
6 g.
7 g.
5

500,000

10,000
1,000
1,000

_

1870
1867
1880

7
7
7
7
4

6,670,325

25
1871.
1857
1873
1 SSI
1877
1877
1S77

6

rr

J.
N.
A.
J.
0.
D.

Slooks—Last

Whom.

Payable
A
A
A
A
A. A
,J. A

7

Payable, and by

Where

When

J.
M
F.
,T.

3j2

5,000,000
3,000.000
281,000
4,991,000
5,050,000
1,025,000
800,000

250
500 Ac.
1,000

1873

Bonds of N. C.A St. L., 1st mort. on two branches
do
do
1st mort. on Tenn. APac—
do
for Jasper Branch
do
1st mort. guar. s.
2d mortgage

Outstanding

54

Nashua d Lowell—Stock
Bonds for freight depot (gold)
Nashville Chattanooga d St. Louis—Stock
Bonds to U. S. Government, 2d mort
Bonds endorsed by Tenn
1st mort. (for $0,800,000), coup
2d mort

'*

Tar
Value.

Rato per
Cent.

200.000

1864
I860

84
34
137

Amount

$50

Road. Bonds

'
Convertible bonds. ..1
Gen. in. A 1st on Eoouton Br. Ac. (guar. D.L.AW.)
Consol, mort. (for $25,000,000) guar. D. L. A W..

f!

Size, or

Date
of

Miles
of

headings, Ac., sec notes

first page of

XXXIV.]

INTEREST OR DIVIDENDS.

DESCRIPTION.

explanation of column

Vol.

immediate notice of any error

great favor by giving

Subscribers will confer a

For

STOCKS AND BONDS.

EAILEOAD

xl

Naugatuck.—Sept. 30, 18S1, owned from

Naugatuck Junction to

property consists of sixteen iron steamships, live of which ply Winsted, Conn., 56h miles; leased, Watertown & Waterbury RR., 4*2
between New York and New Orleans, nine between Morgan City. miles; total operated, 63 miles, 5 miles of N. Y. N. H. & Hartf. being used
La., and the various Texas and Mexican ports, and two between New between Naugatuck Junction and Bridgeport. Has no bonded or iloating
Orleans, Florida and Havana ports; also four large ferry boats, tugs, debt. Operations and oarniugs for five years past wore as follows:
dredge boats, wharves,warehouses, and terminal facilities, besides nearly
Net
Div.
Gross
Freight (ton)
Passenger
the entire capital stock of the Gulf Western A Pacific Railroad, Texas
Earn’gs. p.c.
Earnings.
Mileage.
Years.
Miles.
Mileage.
Transportation Railway Co., Buffalo Bayou Ship Channel Co., and a
10
4,308,194 $520,820 $207,759
5,899,038
66
majority interest in the capital stock of the Houston A Texas Central
10
206,301
477,834
5,742,605
Railway Co., &c. It operates 216 miles of completed road in Louisiana,
6,214,917
66
10
222.275
499.188
and has 44 miles under contract.
The capital stock is $5,000,000.
7,306,813
6.322,281
66
10
242,063
592,151
Chas. A. Whitney, President, New Orleans, La. (V. 33, p. 100.)
8,439,903
66
7,297,580
10
201,390
614,410
18S0-S1
66
Morris d Essex.—Dec. 31, 1880, owned from Hoboken, N. J., to PhiUips-(V. 33, p. 6*1.)
burg, N. J., 84 miles; branch, Denville, N. J.f via Mor. & Es. Tunnel, to
Ncsquehoning Valley.—Dec. 31,1880, owned from Ncsquehoning Junc¬
Hoboken, N. J., 34 miles; total operated, 118 miles. In 1868 this road
•wasjeased in perpetuity to the Del. Lack. & W. RR. The lessees assume tion, Pa., to Tamcnend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to
all liabilities of the Mor. & Essex RR. and pay 7 per cent per annum on
Lansford, Pa., 1 mile; total operated, 18 miles. Opened in 1870,and
the capital stock, and they als
agreed to pay 8 per cent in case the was leased for 999 years to tli6 Lehigh Coal A Nav. Co. at a lease rental
Morris & Essex earns 10 per cent on its stock in any one year alter the of $130,000per annum, but with an option for the lessees to terminate it
after 1878. In 1879 the lease was modified so as to pay 7 per oeut a
year 1874. Earnings for live years past were as follows :
Div’d year only, and the option to terminate was suspended till Sept. 1,1884.
Net
Gross
Miles.
p. ct.
Years.
Earnings.
Earnings.
Nevada Central—Doc. 31,1879,owned from Battle Mountain to Led7 lie, Nov., 86 miles; branch, Loilie, Nev., to Austin, Nev., 7 miles; total,
121
$1,184,723
1876
$3,452,319
7 93 miles. Bonds admitted toN. Y. Board April, 1880.
121
1,222,507
1877
3,368,441
7
121
782,328
2,710,117
1878
7
121
1,559,354
Nevada County—Dec. 31,1880, owned from Colfax to Nevada City,
1879
3,515,097
7 Col.,
121
1.446,193
3,823,652
1880
23 miles, narrow gauge. Iul880gro3S earnings were $115,655;
(V. 32, net, $41,108. Stock, $242,200. J. C. Coleman, President, Grass Valley,
The loss to lessee in 1879 was $900,701; in 18S0, $1,012,416.
•

....

Col.

183, 577.)

p.

...

....

Newark d Hudson—Dec. 31, 1881, owned from Bergen Junction to
1880, owned from Lowell, Mass., to
leased—Stony Brook RR. 13 miles; Wilton RR., Newark, N. J., 6 miles. Leased to New York Lake Erie A Western at a
Nashua, N. H., 15 miles;
rental of $33,000 per annum, which pays interest on bonds and 7 per
16 miles; Peterborough RR., 10 miles; total operated, 54 miles.
Cortlandt Parker, Pres’t, Newark, N. J.
The road was operated with the Boston & Lowell till Oct. 1, 1878. On cent on the stock of $250,000.
October 1, 18S0, a lease for 100 years to the Boston & Lowell was
Newark Som. d Sfraitsv.—Sept. 30,1880, owned from Newark, O., to
made. There are also $100,000 5 per cent bonds due Julv 1, 1900, and
the company holds $300,000 casli assets against the debt. Operations Shawnee, O., 44 miles. Roadwras complctedin 1871. Leased to Sandusky
Mnnsf. A Newark for 14 years from Jan. 1, 1872. Operated by the Balt.
and earnings for three years past were as follows:
A Ohio, wThich pays 30 per cent on gross earnings, and advances any
Net
Div. additional amount necessary to meet the interest on the debt. Capital
Freight (ton) Gross
Passenger
Earn’gs. p.c
Years.
Miles.
Mileage.
Earnings.
Mileage.
stock, common, $783,900, and preferred, $189,550. Gross earnings in
1877-8, $135,295; net, $50,749 ; deficit to lessee, $5,251.
140,306
10,832,906
7,526,444
481,358
54
Nashua d Loiccll.—March 31,

54
54

6,610,125
6.224,991

7,733,360

9,2S1,579

168,793
160,152

377,006
391,923

C

Oh

Nashville Chattanooga d St. Louis— June 30, 1881, owned from Chat¬
tanooga, Tenn., to Hickman, Ky., 321 miles; branches—Wartrace,Tenn.,
to

Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to Victoria, Tenn., 19

miles; proprietary lines—Nashv. to

Lebanon, 30 miles; McMinnville to

Manchester, 35 miles; McMinnville to Caney Fork, 13 miles;

Decherd

Faycitcv., 40 miles; Centreville Branch, 20 miles; Duck River RR.
(leased), 3o miles; total, 521 miles. The debt to the United States and
the bonds endorsed by Tennessee are secured by deposit in trust of this
company’s first mort. bonds. For six months ending Dec. 31, 1881.
gross receipts were $996,033, against $1,024,743 in 3 880; net receipts,
$393,778. against $404,241; net surplus over interest, Ac., $124,836,

to

Gross receipts

Operating and extraordinary expenses
expenses

Interest and taxes

Earnings for live years ending June 30 were as follows:
Years.

Gross

Miles.

Earnings.

341
454
454

$1,632,277

SOS

528

1,871,809
1,736,723
2,099,155
2,256,186

Net

Div’d

Earnings.
$682,302
767,995
715,135

p. ct.
3

914,407

3h

2

3

878,009

-<V. 32, P- 39,231, 232, 313. 335. 437,553, 685. 666; V. 33, p. 101,
176, 201, 304, 329, 356, 442, 717; V. 34, p. 87, 196.)
Nashville d Decatur.—June 30, 1879, owned from Nashville, Tenn., to
Decatur, Ala., 122 miles. The road was leased May 4, 1871, to the L.
A N. RIt. for 30 years from July 1, 1872, at a rental of 6 per cent per
annum on the stock, to begin after the completion of the So. A North Ala.

RR.,and the first dividend under this arrangement was paid April 1,
18/5.

The lessee assumed all the debt of the Nashville A Decatur Co.

Natchez Jackson d


t


Conn.—Sept. 30, 1830, owned from

to Millerton, N. Y., 59

miles. The Dutchess A

Nominal stock, $500,000.

New Castle d Beaver Val.—Dec. 31, 1880, ofwned'from
to New Castle, Pa., 15 miles. Road in
Pittsb. Ft. W. A Chic. RR. for 99 years at a rental of

Homewood, Pa.,

operation since 1860. Leased to
40 per cent on gross
earnings. Lease transferred to Pennsylvania Company. There is no debt.
$2,256,186 In 1878, 24 percent in dividends was paid; in 1879, 13 per emit; m 1880,
1,811,780 13 p. c. Gross earnings in 1880, $325.783; rental received, $130,313.
$444,405
New Haven d Derby.—Sept. 30, 1881, owned from Now Haven, Conn.,
$541,514 to Ansonia, Conn., 13 miles. Road opened Aug. 9, 1871. Capital stock

against $169,927. Following is a statement of receipts. Ac., lor the
year ending June 30, 1881:

Surplus over operating

Dutchess June.,
Col. RR. was sold
Aug. 5. 1876, and this company was organized Jan. 8, 1877, by the pur¬
chasing bondholders. In 1877-8 gross earnings were $135,823; net,
$5,921; in 1878-9, gross. $164,488; net. $18,546; in 1879-80, gross,
$166,231; net, $29,040. The common stock is $172,000 and preferred
stock $715,350. John S. Schultze, President, Moor’s Mills, N. Y.
Newburg dN.Y—Oct. 1, 1880, owned from Vail’s Gate Junction to
Greenwood Junction, N. Y., 13 miles. Leased October 5, 1866, to Erie
RR., at $17,500 per annum, and operated now by N. Y. LakoE. A West.
Ncwb. Dutchess d

N. Y.,

—(V 32, p. 16, 43, 335.)

Colu nbus.—YchvviCLTy, 1881, built from Natchez,

mort¬
$52,535; gross
$147,-

New Haven City guarantees the $225,000 second
Gross earnings in 1878-9, $106,473; net.
earnings in 1879-80, $122,836; net, $48,776; in 1880-81, gross,
*'
564; net, $48,268.

is $447,100.
gage bonds.

New Haven,
Tsortlinirrpton t<» oonway Junction, 18 miles; branches—Faiynington, Conn., to New Hartroia,
Conn., 14 miles; South Deerfield to Turner’s Falls, 9 miles; leased, Hol¬
yoke A Westfield RR., 10 miles; total, 135 miles, and 23 miles of lioy
A Greenfield road from Conway J motion to North Adams is used;
163 miles. In April, 1881, a control of the road was sold to N.Y. JN-H.
Hartford parties. See V. 32, p. 421. Operations and earnings tor three
New Haven d

Northampton— Sept.

Conn., to Williamsburg, Mass.,

years past as
Years.

30,1881, owned from

84 miles; exten.

follows:

Miles.
109
144
144

Passenger
Mileage.

4,727,857
5,644,750
5,012,006

—(V. 32, p. 99, 421; V. 34, p.

202.)

Freight (ton)
Mileage.

Gross

Net

Earnings. Earnings.

14,942,798

$588,280

16,365,182
18,705,865

751,614

694,506

$222,207

276,287
298,137

wmsgat

KATLROAD

1883.]

February,

description.

N

Jersey <£•

jjr8t page of tables.

Date

of

of

30
78

(reorganization)
(mt. guar, by N.Y.A L.B.)

Lorn' Branch A Sea Shore, l3t mort., guar
New

London

bonds

1st mortgage

Consob mortgage
T

New

York Central d

(for $1,500,060)
~lC3+
.f.

'rnrWL?

UU

(N. Y. Central)
stockholders
do
Bunds railroad stock (>i. \. Central)
Bonds real estate
do
Renewal bonds
2d mortgage, sinking
New

\T

mortgage

V Chicago d
let mortgage,

•

•

....

....

j ^oooiooo } coul,ou

01

.

reKj

$50,000,000)

2d mort., income
Kvw York & Harlem—Common

....

•

Preferred stock
Consol, mort., coutp. or reg., (for $12,000,000)....
y. I.ackavjanna d Western.—Stock ($10,000,000)
1st mortgage, coupon, may bo registered
N. Y. Lake Lric d West.— Stock, common
Preferred stock
1st mortgage (extended m 1867 to 1897)
2d mortgage, convertible (extended in 1879)
3d mortgage
------ - •
4.th mort., conv. (extended m 1880 at y per cent)

•

•

•

•

....

1,000
500 Ac.
100 Ac.
100 Ac.
50
50

•

1,000

1881

1,000

100

•

100
100

....

....

1847
1879
1853

1857

....

1

1,000
1,000
1,000
1,000

xli

O.,

CO

3,f. 85,000
900,000
1,800,900
8.500,000
1,500,000

11,100,090
CO
12,000,000
70,943,100
7,032,200

2,482,000
2,150,000
4,852,000
2,926,000

6
6
7

1*3
0
7
5
6 g.
0
6 g.
O

When

Where

M A N. Jersey City, Co.’s Office.
J.. A J. N. Y., Cent.of N.J.Office
J. A D.
New York.
New London, Office.
Q.-J.
A. A O. N. Y., B’k of N. America
J. A D.
do
do
J. A J.
do
do
J. A J. N. Y., Drcxel M. A Co.
April. N. Y. .Farmers’ L. A T. Co.
M. A N.
Loudon, Baring Bros.

Q.-J.

Jmd

0
0
0
6
6
7
7
0 g.

Payable, and by
Whom.

Payable

M.
M.
M.
M.
J.
J.
J.
J.

A
A
A
A
A
A
A
A

N.
N.
N.
N.
D.
D.
J.
J.

N.Y., Or. Central Depot.

■*

do
do
do
do
do
do
do

do
do
do
do
do
do
do

London.

Bonds—Princi¬
pal, When Due.
Slocks—Last
Dividend.
1910
.Tulv 25, 1890
Dec. 1, 1899
Jan. 1. 1885
Sept., 1885
July. 1892
July, 1910
Jan. 1, 1930

May, 1930
May 1. 1901
Jan.1G.1SS2

May 1, 1S83
May 1, 1883
3! ay

1,18S3
May 1,1883
Dec. 15, 1887
June, 1885
1, 1903
1, 1903

Jan.
Jan.

....

0 g.
0
7
7
4
4
7

J. A
M. A
F. A
M. A
J. A
J. A
M. A

6 g.

J.

D.
New York.
N. N. Y., Company’s Office.
A. New York, Co.’s Office.
do
S.
do
J. N.Y., Gr. Central Depot.
do
J.
do
N.
do
do

A J.

Now York

Dec.

1, 1921

May 1,

1910

Jan.
Jan.

1882

3, 1882
3.

May, 1900
Jan.

1, 1921

Jan.

Agency.

15,1882

:

6
7
5 g.
7
5 ff.

REVENUE

m.'a

n. New York, Co.’s Office
M. A S.
do
do
M. A S.
do
do
A. A 0.
do
do

ACCOUNTS—1870

TO

May 1, 1897
Sept. 1, 1919
Mar. 1, 1883
Oct. 1, 1920

1881—SIX YEARS.

Year

Junction)
City

N^Y. Extension Railroad;
&\Tev,r

Receiver appointed in 1877. The Hackensack

York Railroad was sold in foreclosure August 14, 1878, and was
leased in perpetuity to this company, and now forms part of main line.

Reorganized m 1880, with above debt. Gross inl880, $182,012; net,
$15,529. (V. 32, p. 611.)
New Jersey Southern— Dec. 31,1880, owned from Red Bank, N. J., to
Atsion, N.

592,000
102,000
2,391,000
1,422,900
22,465,000
9,733,333
(1 )

....

....

•

74,500

1,000
1,000

1872

200

0,032,300

1,000
1,000

....

132

4.000,000
89,428,300

$100

1881
1880
1875

132

3.000,000

500 Ac.
500 Ac.
1.000

....

62
40

stock

1,000
£100 Ac

1873
1873

....

gold (for $15,000,000)
Northern—General mort
York d Greenwood Lakc.—\sX mortgage

1,000

387,500
812,000
5,000,000

300,000

1,000

....

•

840
840

\t.'Y. Cih/ d
New

«

1,500,000

500 Ao.

1854

....

•

200,000

100
100&C.

....

................

1,449,000

1,000

1853
1854
1853

Rato per
Cent.

$275,000

600

....

•

•

Outstanding

$500Ac.

1S65
1872
1880
1880
1880
1874

....

fund (Hudson River)

St. Louis—Stock (for

Par

....

1,000

Hudson River—Stock.

Premium bonds
Bonds, B- & N. F.

Amount

Value.

1880
1879
1869

100
100
100
121
147
141
113

Northern—Stock

BONDS.

INTEREST OR DIVIDENDS.

Size, or

Road. Bonds

New York-1st mort.

Southern—lstmort.

T

&o., see notes

of column headings,

0I1

New

Miles

AND

Immediate notice of any error discovered In tlicse Tables.

confer a great flavor by giving

Subscribers will

For explanation
r or e

STOCKS

j.,54 miles; brandies—Eatontown to Long Branch, 5 miles;

Net Income, Diviending Passenger Freiglit (ion)
Gross
over exp., demls
Sep. 30. Mileage.
Mileage.
Receipts. int.Areuts. p. c. Surplus.
1870.353,13G, 145 1,074,447,055 $28,040,588 $7,213,075 8
$73,547
1877.310,847,325 1,019,948,085 20,579,085 0,943,347 Sde .197,312
1878.300,302,140 2,042,755,132 28,010,555 8,038,445 8
898,917
1879.290,953,253 2,295,825,387 28,390,583 7,594,485 8
454,957
1880.330,802,223 2,525,139,145 33,175,913 10,569,219 8 3 ,427,700
1881.373,768,080 2,010,814,098 32,343,395 7,892,827 8
754,484.
-(V. 32, p. 15,43 7; V. 33. p. 425, 528, 709, 728,731,742; V. 34, p.
1, 3, 116, 167.)

miles; Manchester to Barnegat. 22 miles; other roads:
Sandy Hook to Long Branch, 11 miles; Beach Track, 2 miles; Atsion to
Bay bide, 4G miles; total operated, 150 miles. The property was sold
New York Chicago cC St. Louis.—This is the company formed in 1S8I,
in foreclosure March 31, 18/9 (see Chronicle, Y. 28, p. 352), and tho
building tho new line of road from Buffalo to Chicago, 521 miles. Of
present company was organized July 25, 1879, with Judge Latlirop, the above stock part is preferred 7 per cent. The “ subscriptions” to
receiver of the Central of New Jersey, as president. The capital stock the bonds of the
company were ou the basis of $13,333 cash, for which
ja $
.
ThC property is subject to $120,000 on the Tom’s were given $10,000 in 1st mortgage bonds, 200 shares of preferred
River Railroad and $200,000 on tlio Long Branch & Sea Shore RE.
and 200 shares of common stock,
Atsion to Atco, 9

This latter bond is endorsed by tlio United Companies of
The above mortgage is for $1,590.GOO, of which $1,449,GOO

New Jersey.

have interest

guaranteed by the" New York A Long Branch Railroad by endorsement
of the bonds. The road is now operated us a p:irt of the Central New

(\r. 32, p. 121.)

Jersey system.
New

Northern.—September

London

London, Conn., to

Brattleboro, Vt.,

30,

1880, owned

from

New

121 miles, of which 100 miles

and others.
This road has been operated
since December 1, 1871, under lease to tho Central Vermont Rail¬
road; the lease was for 20 years at $155,000 per year. Consolidated
mort.. bonds issued to retire ail other funded and floating debt aud to
leased to J.

G.

Smith

pay for branch recently purchased from Vermont A Mass. RR. Opera¬
tions and earnings for four years past were as follows:
Gross
Net
Div.
Freight (ton)
Passenger
Mi lea ire.
Miles.
Years.
Earnings. Earnings. p.c.
Mileage.
0*2
100
1876-7..
5,941,778
12,109,737 $507,889 $137,135
0
100
1877-8..
470,455
129,009
4,705,084
11,010,169
0
100
159,484
1878-9..
470,102
12,037,957
3,927,511
0
100
179,030
1879-80
591,340
0,144,189
18,975,290
..

..

..

. ..

New Orleans Mobile & Texas.—Dec. 31, 1880, owned from Mobile to
New Orleans, with branch to Pontchartraiu, 147 miles. The old company
defaulted in 1874, and tho property was sold in foreclosure April 24,
1880, and this company organized. Stock is $4,000,000. The road was

leased May 8,1880, to Louisville A Nashville, which operates it. The
L. AN. sold its owu $0,000,000 bonds secured on this road, against
which a mortgage of same amount is held in trust for the L. AN. The
second mortgage debentures can bo paid off before maturity.
(Beo full
statement in Chronicle, V. 31, p. 328.)
New York d Canada.—Dec. 31, 1330, owned from Whitehall, N. Y., to
Rouse’s Point, N. Y., 113 miles; branches: Ticondcroga, N. Y., to Lake

George, N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y"., 20 miles;

West Ciiuzy to Province line, 13 miles; total operated, 150 miles. Tills
company was organized March 1, 1873, as successor of the Whitehall A

Plattsburg and tlio Montreal A Plattsburg railroads. The whole line
completed Sept. 18, 1876. Tho road is virtually owned by the Dehv
ware A Hudson Canal Company, which guarantees the bonds. The stock
is $4,000,000. Earnings in 1878-9 were $12 7,502; in 1879-80, $294,984.

was

—(V. 32, p. 98.)
New York Central & Hudson.— Sept. 30,1881, owned from N. Y. City to
Buffalo, N. Y., 442 miles; branches on N. Y. Cent, division, 298 miles;
total owned, 748 miles; lines leased—Troy A Greeenbush, G; Niagara

Bridge A Ciuiandaigua, 98; Spuyten Duy vil A Port Morris, G; N. Y. A
Harlem, 127; Lake Mahopac, 7; total, 245 miles ; grand total, 993 miles.

The second track owned is 508 miles; third track, 270 miles; fourth
track, 23G miles; turnouts, 511 miles—making a total of 2,520 miles of

tho securities.
p.

(V. 32,

p.

making $50,000 of the, pur value of
421, 553; V. 33. p. 170, 255, 409, 710; V. 34,

32,177, 205.)
>*v

New York City J Northern—Doc. 31, 1881, owned from 157th Street
in 8th Avenue, N. Y. City (connecting with Metropolitan Elevated), to
Danbury, Conn., 03 miles. This company was organized March 1,

1878, and acquired the N. Y. Westchester A Putnam (formerly tho
A Boston Railroad), sold in foreclosure March,^1870. The’com¬
pany in May, 1880, leased the West Side A Yonkers road for 999 years,
and the consolidated mortgage was issued to take up all the other bonds,
of which $274,000 under a prior mortgage were outstanding Nov. 1,
1881. Stock is $3,000,000. (V. 32, p, lol, 205, 288, 500.)
N. Y.

New York & Greenwood L ike.—Dec. 31,1S30, owned from Jersey City,
N. J., to Greenwood Lake, 40 miles; extension. New York Lake Erie
A Western, in> miles; total operated, 41 ^ miles. Branch to Orange,
N. J., opened in 1881. Tills was the Montclair Railroad, opened'in
1874. If was sold and reorganized as Montclair A Greenwood Lake,

and again sold October 12, 1878, aud the present company organized.

The New York Lake Erie A Western
in the property and now operate it.

purchased a controlling interest
The holders of the second mort-

purposed extending the road and making it an important part of their
In 1830 tho gross receipts were $133,452; expenses, $155,071.
-(V. 32, p. 611 )

line.

N. Y. d Harlem.—Sept. 30. 1880, owned from N. Y. City to Chatham,
N. Y., 127 miles. From Chatham to
Albany, 24 miles, the Bost. A Alb.
RR. is used. This company owns 5L3 miles of street railroad on lhe»
Fourth Ayenue. The property (except the horse railroad) was leased
A pill 1, 1873, for 401 years, to the N. Y. Central A Hudson River RR.,
at a yearly rental from the lessee of 8 per cent dividends on the stock and
the interest on the bonds. Tlio Fourth avenue horse railroad, together
with valuablo real estate, was retained by this company, and extra

dividends

are paid out of the receipts therefrom annually in April.
All
operations of the main road aro included with those of the N. Y. Central

A Hudson.

New York Lack. <0 West.—Tills is the road from Binghamton to Buffalo
about 209 miles, built under tlio auspices of Del. Lack. AWest and tho
Wab. St Louis &Pac., Tito mortgage for $12,000,000 is made to tho
Farmers’ L. A T. Co., trustees.
(V. 32. p. 578, 037; V. 33, p. 47. 385,

500.)

f

track owned by the company. This company was formed by a consoli¬
".N
dation of the New York Central and the Hudson River railroads October
burg,
1,18G9. The New York Central was a consolidation of several roads, Rutile:

under a special law of April 2,1853. The Albany A Schenectady Railfood opened September 12,1831, as the Mohawk A Hudson. It was the
first railroad built in the State of NewT York. Tho famous scrip divi¬
dend of 80 percent on the capital stock was made in December, 1868,
and on the consolidation with the Hudson River road (Nov. 1, 18G9) a
further dividend of 27 per cent was distributed on the N. Y. Central
stock and 85 per cent on tho Hudson River stock. Tho mortgage for
$40,000,000 was issued to lay tlio third aud fourth tracks, with a
sufficient balance retained by the company to retire all prior bonds. In
November, 1879, 250,000 shares ($25,000,000) were sold to a syndicate
of bankers by Mr. W.M. Vanderbilt at the price of 120, and 100.000

shares

more

1882.

Jan..

135%-12814

£eb
March
April

May
Jpne




Prices of stock have been:

afterwards.

-1471n

151J4-140

..."

/*'

1882.

1881.
155

14884-x4213
147

-14078

M2 5s-145
158-X145

July
August
Sept’ber

-

October........
Nov’ber
Dee’ber
.......

10
13
24 miles;

JeJi'ersou RR., 3/ miles; Buffalo Brad. A Pittsburg. 26
miles; Buff. N. Y. A Erie, 140miles; Suspension Bridge A Erie Junction,
23 miles; R^ehesttrA Genessee Valley, 18 miles; Avon Gen. A Mount
Morris, 17 miles; Paterson A Hudson, 15 miles; Paterson A Ram., 15
miles; Lockport A Buffalo, 13 miles ; Buffalo A Southwestern, OS miles;
controlled—Newark A Hudson, 6 miles; Weehawkeu New York A Fort
Lee. 5 miles; Northern of N. J., 25 miles; total operated, 1,020 miles.
In 1881 an arrangement was made for completion of line from Marion.
to Chicago, forming a through route. Seo V. 32, p. 013.
The New York A Erie Railway went into the hands of a Receiver
in 1859, and in 1801 the Erie Railway was organized as its succes¬
1881.
14G 84-14118 sor. The Erie Railway defaulted on its bonds in 1875, and was sold
145*4-141 *2 in foreclosure under tho second consolidated mortgage in 1878. The
145 4-1-11N present company was organized and took possession June 1, 1878.
142*2-13538 Under the plan of reorganization tho above statement represents
l^^-lSG1** au the stocks and bonds issued to September 30, 1881. By the
13038x130*4 teims of the plan one-half of the stock, both common and preferred, is

fv

xlii
Subscribers

great favor by

will confer a

DESCRIPTION.

of

Size, or

Date
of

Par

notice of any error discovered in tliese Tables.
INTEREST OR DIVIDENDS,
pal,^When

Amount

Rate per

Outstanding

Value.

Road. Bonds

of tables.

first page

on

Miles

headings, Ac., see notes

explanation of column

For

giving immediate

Cent.
'

New York Lake Erie
5th mortgage,

& Western— (Continued)—

convertible

Buffalo Brancli Bonds
Long Dock Co. mortgage

459

gold
funded coupon bonds .
mort., gold, 2d consol
do fund. coup,

1st consolidated mortgage,
do
do '
N. Y. L. E. A W., new
do
do
do
income bonds
do

New York

Branch—Stock
bonds ($1,500,000).

(non-cumulative)

c£ Lona

Mortgage

do
York Ontario d-

do

ffi
j

i jrif

»;;!
i-b

2d mortgage,

incomes, $

427
460
460
460

mortgage, incomes, $ A £
Leased lines rental gold bonds (Cl. & M.)
do
do
(P. P., P. V. and S. & A.)

3d

62
50
12

(Stonington)—Stock

i- 1

issued to “

1880
1880

1880
1880
1872
1873
1881

1,000
100

72

16

1881
1880
1881
1879

1,000
500 Ac.

” in London, who shall vote on them until
on the preferred stock (0 per cent) has been paid for three
years.
The funded coupon bonds are secured by

bonds are
mortgage and
second funded coupon no foreclosure can take place till six coupons are
default. The most prominent feature of the reorganization was the
provision for outlay of new capital on the property, and the cash from
-assessments on stock has amounted to $2,907,814. Preferred stock has
prior right to 0 per cent (non-cumulative* from the net profits, as de¬
clared by the board of directors.” Prices of stock have been as follows:
-Prcferred.consolidated mortgage. The second funded coupon
till June, 1883, and after that 6. On the second

lien of
5 per cents
in

„Tanuary
February

43V 38 x4

?

April

-

May
June..

July

August
September
October
November
December

50 V 4334
49 V 45 L»
48 V 4434
51V 47

-

March

*

85

527h- 47^8

-

...

-

-

.

8 8 34- 801*2
8 S 34- 8118
82
91
8834- 8 11-2

-

.

-

-

9612- 88L>
9434- 89

-

-

Operations—

Total gross

oarn’gs

Operating expenses
Net earnings
P. c. op. exp. to

589,598

15,644,978 15,942,023

10,635,863 11,174,697
4,767,324

5,609,115

cam’s

67-98

Credits—
Net earnings...
Other receipts

Total credits,
Debits—

Pavonia ferries—expenses
Interest on funded debt
Long Dock Co. bonds.—inter’t

$4,767,323

Surplus income
—(V. 32, p. 101, 183. 396,
329, 433, 588, 601, 622 ; V.

*

A J.
A- J.
A J.

....

....

J.

6
6 A 5

N. Y., Nat.
do

A J.
O.

A. A

6
5 g.
7

Park Bank.
do

July. 1931

'New York.

A J.
A J.

N.

1911

April 1, 1910
1911

....

J.
J.

Mileage.
36,158 591

Miles.
: 285
316
478

41,762,072
45,702,022

335. 367, 420, 444;
<Q

1909

Y., Fisk A Hatch.

Net
Gross
Freight (ton)
Earning#. Etiniinffs.
Mileage.
30,654,669 $1,971,536 $524,354
771,985
2,324,940
43,678,700

64,562,805

2,092,374

850.876

V. 33, p. 125, 329, 588, 622, G40 :

Harlf.—Sept. 30. 1881,

owned from Harlem Junction,

Middle-

A liar. RR. from Williamshridgo
therefor. The company leases the
the bonds. In April, 1881, a
New Haven A Northampton RR.
this company. Operations, Ac., for
Div.

Passenger
Mileage.

Miles.
Years.
1ST 8-9.. .' 152

Mileage.

Gross
E arnings.

.912.743

103,113,443 63.187,479 $3
4 ,252,814
125,300,345 78,372,800
1879-80. 152
4 ,946.607
152,730,696 116,611,007
153
1880-81.
224, 5G1,7 18; V. 31, p.
-(V. 32, p. 421, 5 /8 ; V. 33, 1>.
New York Ontario <C Western.—September 30,1881,
wego, N. Y., to Middletown, N. Y., 249
N. Y.,48 miles; to New Berlin, 22 miles; to
A’ille, 8 miles; total operated, 344 miles.
was
Oswego Midland. ' Main line was opened July,

1379-S0.

1880-81.

$7,049,183

$7,459,375

$5,180,636

$7,833,140

$8,303,681

$314,757
2,047,712

$216,318
3,963,872

$249,643
4,143,745

i

.

Net
Earnings. p. e.

$1,670,862
1,653.565
1,953,044

10

10
10

58.)

,

payment of 20And stock
22,1880. per cent
six months from
Jan. 22, 1880, to the holders of old stock and convertible non-mort. b’ds.
From these assessments about $9,000,000 was received, and in Feb¬
1881, a contract was made with the North River Construction Co.
(capital $10,000,000) for completing a road to Buffalo. In »Sept., 1881,
further agreements were made with tlie New York West Shore A Buffalo
road. The annual report for 1880-81 was published in the Chronicle,
V. 31, p. 174, to which reference should be made. Preferred stock to
receive 6 per cent (non-cumulative) from net earnings; surplus goes to
Operations and earnings for three years Gross
past were as follows:
Net
Passenger Freight (ton)
permitted to take new stock at par on
cash within 30 days from January
issued on payment of 30 per cent cash within

was

ruary,

210,000

210,000
04,453

64,453

210,000
64,453
86,914
689,802
17,901

15,589
403,784

131,928
662,952
25,701
11,327
755,955

$3,888,664

$0,042,519

$6,416,263

$1,790,620

$1,887,417

33, p. 53,

74 101, 202,

133,000
658,445
40,914

$1,291,971
V.

4.297

944,496

553, 613,685;
34, p. 1, 143, 147.)
Ncic York d: Long BrancliDec. 31, 1880, owned from Perth Amboy,
N. J., to Long Branch, 23 miles.
It is leased to Central RR, of New
Jersey, forming part of the Long Branch Division of that road. In
December, 1881, arrangement made with Pennsylvania Railroad to use
the line jointly, and the two companies guarantee interest on the new
Bonds. Anthony Reckless, President, N. Y. City.
(V. 33, p. 642, 745.)
New York <£ New England.—Sept. 30, 1881, mileage owned was as fol¬
lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3
miles; Providence to Willimantie, 58 miles; branches—Brookline, Mass.,
to Woonsocket, R. I., 34 miles; E. Thompson, Conn., to Southbridge,
Mass., 17 miles; Islington and Elmwood to Dedham, Mass., 3 miles;
26 miles more. Total operated, 478 miles.
to Fishkill on the Hudson River was
completed Nov., 1881.
This was the Boston Hartford & Eric Railroad, which became insolvent
imd was succeeded!)}'this company, formed in 1873. The Boston Harttod A Erie’s principal debt was the Bcrdcll mortgage for $20,000,000,




Jan., 1902
London, Co.’s Office.
Jan., 1903
do
do
July 1, 1921
New York Agency.
Feb.
Q.-F. N. Y., M. Morgan’s Sons. July 10, 1882
1, 1899
do
do
J. A J.
April 1, 1901
do
do
A. & O.

2 Ac.
6 g.
2
7
4

railroads. The company uses the N. Y.
into N. Y. City and pays a large toll
liar. Riv. A Port. RR. and guarantee
controlling interest was bought in the
stock, by parties in the interest of
three years were as follows:
Freight (ton)

844,306

lias running arrangements over
“The extension from Brewsters

5 g.

4, 5, 6

assessment in

/

•Other expenses

1870-S9O

7 g.
5 g.

were

413,313

Weehawken Docks—interest .
Guaranteed interest
Rentals of leased lines
Sus. Br. A E. June. RR.—rent
Paterson A Newark RR., rent
Total debits

70-09
AND LOSS.
1878-79.

PROFIT

6 g.

March 1,1895
A S. London and New York.
July 1, 1905
do
do
J.
A
May 1, l9io
do
do
AN.
Nov., 1915
do
do
A N.

owned from Os¬
miles; brandies to Coin-Band,
Delhi, 17 miles; to EllenThis
the New York A
1871. Default
3 682,951 4,041,267 in 1873. and the property placed in the hands of Receiverswas made
Sept. 18,
14,391,115 15,992,275 1873. The Western Division was sold in foreclosure May 31, 1876, and
0L9,012 682,063 the main line was sold in foreclosure November 14, 1879. Tim present
January
18,693,108 20,715.605 company was organized receiver’s 22, 1880, and under the plan of reor¬
certificates for principal and inter¬
11,643,925 13,256,230 ganization the holders of took common stocktook preferred stock, the
7,459,o 75 first mortgage bondholders
7,019,183
6400 est, and the holders of other old bonds, notes, judgments and claims
62-29

3,070,121 3.118,914
11,914.480 12,233,481

660,377

*

M.
J.
M.
M.
J.
J.
J.

Springfield, Mass., 123 miles; brandies to New Britain,
town andSufiield, 18 miles; leased—Harlem &Portchester RR., 12 miles;
Shore Line RR., 50 miles; total operated, 203 miles. This was a consoli¬
dation July 24, 1872, of the N. Y. A New Haven and the Hartf. A N. II.

.140,326,749 149,115,718 180,460,204 200,483,79.0
2189 cts. 2-091 ets. 2 041 cts. 2-016 cts.
Freight (tons) mil’ge.1224701438 1569222417 1721112095 1984394855
0 973 cts.
Av. rate p. ton p.mile
0 780 cts. 0*836 cts. O'805 cts
Earnings—
$
$
.. $
$
;....
Freight
Mail, expr’s,rents,Ac.

Jan., 1905
Jan. 2, 1882
1903
June 1,1911

.

N. Y. N. Haven
N. Y., to

was

Passenger mileage..
Rate p. pass. p. mile.

Passenger

& J. N. Y.j Kidder, P. A Co.
A J. N.Y., Grand Cen. Depot.
do
do
A O.
do
do
A D.

J.
J.
A.
J.

6 A 7
5
6 A 7
4

—(V. 32, p. 121,
V. 34, p. 205.)

published in the Chronicle, V. 34, p. 143,
earnings for four years past were as follows:
1877-78.
1878-79. 1879-80. 1880-81.

The last annual report
The operations and

-

present company ($20,000,000). In 1878-9
the Hartford Providence & Fishkill Railroad by
bonds. The new mortgage issued in 1879 was to pay
road to the Hudson River. On Sept. 30, 1881,
floating debt. Operations, &e., for three years

Years.

89 - 84
92 34- 88
91V 86

-

.

50V 4434
47 V 4 111
44 V 41 r>8
46 V 42
45 V 417b
48 V 44fi>
46 V 3934

-

79

-

.

past were as follows: Passenger

1881.
95 - 88
92 V 821e
90 V 84

1882.

1881.

18^2

Dec. 1, 1969
June 1, 1977

which fixes the stock of this
the company acquired
the payment of its
for the extension of the
there was $1,980,541 of

a

-Common.

187-90

Sept. 1, 1920
Sept. 1, 1920
Dec. 1, 1969

....

1,000,000

....

June 1. 1888
July 1. 1891
Jan. , 1893

....

...

Cl)

1,000

N. Y., Co.’s office.
& D.
do
do
A J.
do
do
A D.
A 8. New York and London.
do
do
& S.
do
do
A D.
do
do
A D.
do
do
& D.

....

(?)
3,000,000
1,000,000
300,000
3.060,600
2,645.500
500,000
3.000,000
250,000

1,000

J.
J.
J.
M.
M.
J.
J.
J.

....

.

3,568,000

1.000

When

Payable

Bonds—Princi¬
Due
Stocks—Last
Where Payable, and by
Dividend.
Whom.

....

(?)

•

Voting Trustees

the dividend
consecutive

508,008.

500 Ac.
100

1869
1881

6

2,000,000

'

....

Preferred stock

'•‘J:

•

•

8,562,000
9,000,000
15,500,000
100
2,000,000
1,000
1,000,000
1,000
2,000,000
58,113,982
8,000,000
500 Ac.
500 Ac. 35,000,000
500 Ac. 14,500,000
500 Ac. 30,000,000
5,355,000
1,000

—

Western—Stock, com. ($20,000,000)
($10,000,000)
New mortgage ($5,500,000)
First mortgage. Midland of New Jersey
Mortgage bonds on Paterson Extension
JV.F. W.Shore dBu(f.—1st M., gold (for $50,000,000)
N.Y. Woodhaven <£ Rockaway.— 1st mortgage

•

•

.

344

M., gold ($18,000 p. m.)

•

1,000

1873
1881

A£

N.Y. Pittsburg d- Chic.—1st
N. Y. Prov. <t Boston—
First mortgage
1st mortgage
N.Y. Susqueh.d:

•

141
12
12
344

Western—Preferred stock. .—
Common stock
New York Penn. <£ Ohio—Prior lien bonds, gold,$A£
1st mort., gold, incomes till July, 1895, $ & £...
New

®

1876

mortgage guaranteed.
2d mort., coup, or reg

8,597,400

300 Ac.

263

York New Haven t£
Harlem A Portcliester. 1st

3,702,157
24,400,000

500 Ac.
500 Ac.
500 Ac.

2*63

($20,000,000 autliTized)
are 7s)
Hartford—Stock

New

1,000
1,000

1882

N.Y. <£ N. England—Stock
1st mortgage, new ($G,000,000

182,600
3,000,000
16.656,000

100 Ac.

23

7
7
7
7 g.
7 g.
6 g.
5-6 g.

$709,500

$500Ac.

1858
1861
1863
1870
1878
1878
1878
1878

(VOL. XXXIV.

BONDS.

STOCKS AND

EAILEOAD

common.

Years.

Miles.
344
344
344

Mileage.

5,290,076,
6,346,667
7,251,209

Mileage"
12,504,218
13,974,253

19,511,452

Earnings.

Earnings.

925,044

217,543

$523,592
583,212

$35,713
17,508

33, p. 358, 710; V. 34, p. 87, 174.)
Yo"Jc Pennsylvania <£• O.—Sept. 30, 1880, owned from Salamanca,
....

101, 183, 206 ; V.

—(V. 32, p. 70,
New
N. Y., to
33 mileg
Clove. A
13 miles

Dayton, O.,

388 miles;

branches—Meadville, Pa., to Oil City,
- —^

, ,

Pa., to main line, 9 miles ; total
operated, 556 miles. Changed to standard gauge June, 1880. Formerly
Atlantic A Great Western Railway. Sold July 1, 1871, and leased to
Erie on Mav 1, 1874, but lease not carried out. Again in bands
of
Receiver Dec. 9, 1S74. Sold Jan. 6, 1880,-and reorganizes by a
London committee of stock and bond holders. (Sec V. 30, p. 143.) Five
trustees are to exercise the voting power of the new stock until the tnira
mortgage bondholders receive 7 per cent interest in cash during tnree
years. Three of these trustees are to be chosen annually by a
value of the first mortgage bondholders, one by the second moitgage bondholders, and the fifth by the leased line bondholders. oco
V. 31, p. 607. The new bonds of the reorganized company, subse¬
quent to the prior lien bonds, are issued upon the following basis,
that
(1.) Xhc first mortgage bonds to bear 5 per cent interest till January
1, 1881, and 7 per cent thereafter, whatever portion ot this

erty A Vienna —„
Sharon, Pa., 1 mile;

—-

,

Sharon R’y, Sharon,

a

majont}

m

may

not be

talized in bonds
lute not later
foreclose the
receive 5 p
Third mortgage
_

x

bonds receive 5 p<ir

cent interest,

Sobscrlbers will

confer a great favor

DESCRIPTION.
vnr
For

fivDlanation of
expianaw

Niagara

column headings, &o., see notes

^ page

^

Bridge d

STOCKS AND BONDS)

RAILROAD

1883. J

February,

of tables.

by giving immediate notice of any error discovered in these Tables.
Bonds—Princi¬

INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
Rate per When
Par
of
Where Payable, and
of
Outstanding
Whom.
Cent.
Road. Bonds. Value.
Payable

$....

$1,000,000
3,000,000
15,000,000
6,500,000
496,000
703,000

stock
Generalmort., gold
Norfolk A Petersburg—2d mort
Preferred (6 per cent)

South Side—1st
B

2d
3d

^0
do

428

pref. consol, mort
do
do

guar.

- — •••

Petcrsb rg

-

Virginia & Tennessee—Enlarged mortgage
do
4th mortgage
fio

214

-

stock, 6 per ct. pref
North, Carolina—Stock, common
Preferred stock
Mortgage bonds
North Pacific Coast—Stock
North Pennsylvania—Stock, guar
do

do

81
133
133
133
214

1881
1868
1866
1866

1,000
1,000

1866

200 &c.
200 &c.

1854
1865

1,000
1,000

1875-69.0

581,300

1,000,000
55,600

Too

■

bonds
Bonds secured by $1,200,000 stock
Northeastern (S. G.)-Stock, common
Pref. stock (8 per cent) exchangeable for 2d mort
General mortgage

mortgage, new
2d mortgage, new
Northern (Cal.)—1st mortgage
San Pablo A Tulare-1 st mort
Northern Central—Stock—.

T02

■

sinking fund

Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
Consol.general mort., gold, s. f., coup., $ or
2d general mort., “A,” coupon
do
• “ B.” coupon, convertible

Northern

l...

£...

Central (Mich.)—1st mortgage

'To

500 (fee.
500 <fee.

50
50
500
500

102
102

State (Maryland) loan

2d mortgage, coupon,
3d mortgage, coupon

500

1881

1st

1st mortgage,

100

’67-’63

102
112
47
322
138
138
138
138

1869
1869
1877
1878

1,000

50

1856
1865

1868
1868
138 '74-’77
138
1876
138- 1876

1,000
1,000
1,000

1,000

61

third bonds there is no right to suo the com¬
leased lines’bouds of 1872 are to receive 4
percent for the first three years; 5 per cent thereafter for six years,
and 6 per cent thereafter until maturity. The leased lines’ bouds of
1873 are to receive the net profits up to 7 per cent (but hot less than 2
per cent during the first two years) arising from the working of the lines
whose securities are held b3r trustees. The stock is—pref. shares, $10,000,000; com. shares, $35,000,000.
On Jan. 1,1882, tue coupon on 1st mortgage bond was passed.
The
annual report in V. 32, p. 333, gave the following";
bonds. On the second and
pany or to foreclose. The

INCOME ACCOUNT

1880.

Total net income in 1880 from all sources
Out of which were paid fixed charges as follows:
Rental of equipment

Rental of all leased lines
General expenses, taxes, &c
Total

paymeuts

$1,718,£76

$233,614
356,277
60,879

700,772

Net income for the year 1880
$1,017,504
Deduct:
Interest on prior lien bonds, due and accrued
$400,000
Payments on account improvements and additions 96,344
Interest on first mortgage bonds. $862,500 (ouehalf paid in cash), due January 1, 1881
431.250
Total deductions

M.AS.

3,000,000
1,000,000
210,000
1,074,900
4,527,150
1.930.500

M. & S.
M. & N.

Q.—F.

M.
M.
M.
T.
A.

1,023,000
5,842,000
1,500,000
1,490,000
1,126,000

&
&
&
A

J.

236.000

3,148,000

.

*

& J.

■

do
do
do

4,526,000
2,932,000
1,000,000
1,525,000

& O.

A J.
&
&
A
&

O.
J.
O.
J.

J. & J
J. & J.

1882

Mch. 1.

1882

Office,

Feb.' 25,*i882

do
do
do

Jan.

Nov., 1888
1, 1885

May 1, 1896
1903

do
do
Baltimore & Philadel.

Nov., 1881
Sept. 1, 1899
Sept. 1. 1899
Jan. 1, 1907
April 1, 1908
Jan.16, 1882

Annapolis.

Irredeemable.

Baltimore.
Baltimore & Philadel.
Baltimore,
do
London <& Baltimore.
Baltimore,
do

July, 1885
April, 1900
July 1, 1900
July 1, 1900
July 1, 1904

Charleston, Office.
do
do
Central Pacific RR.

Q.—J.
3.
A.
J.
A.
J.

2.599,000
205,000

N.
S.
S.
J.

do
do

Philadelphia

J. A J.

86,000
820,000

MchVl,’

do
do

Company Shops, N. C.

J. & J.
M. & N.

1,500,000
2.569.500
1,200,000
399,350

500 Ifec.
500 (fee.
1,000

138

Mch.’i 5* *1882
.—Mch
& N. N. Y. and Philadelphia.
May 1, 1931
J. & J. Norfolk,Va.,Ex.Nat.Bk. July 1, 1893
Jan. 1, ’84-’90
N. Y., Nat. Park Bk.
J. & J.
Jan. 1. ’84-’90
J. A J.
Petersburg, Va.
do
do
J. & J.
Jan.l,’96-1900
I. & J. N. Y., Fourth Nat. Bk.
July 1, 1884
do
do
Mch. 1, 1900
J. & J.

452,800
990,000

19787-90. 81
let mortgage
2d mortgage

223
223
223
79
58
56
56

1, 1881

&

Western.—Common stock

Norfolk, <6

Stocks—Last
Dividend.

Oct.

A. & O.

1.000

98

Canandaigua-Stock .

pal, When Due,

by

Jan.
Jim.

1, 1926
1. 1926
1903

held the controlling interest, and sold out to the company for $4,000,000
iu second mortgage bonds. Default on consolidated bonds was made
October 1, 1873, and the road was sold in foreclosure Feb. 10, 1881, to
Mr. Clarence II. Clark, of Philadelphia, for $8,605,000, on behalf of

capitalists interested in the Shenandoah Valley road. (See V. 32, p. 182).
The reorganized company is now the Norfolk & Western.
The. com¬
pany issued $15,000,000 preferred stock, $3,000,000 common stock, and
$10,778,600 new mortgage bonds, to be used according to the plan
published in the Chronicle, V. 32, p. 334,421. The statement of earn¬
ings, expenses, Ac , to Dec. 31, 1881, was in V. 34, p. 61. Operations
and earnings for six years past, ending June 30, were:
Net
Freight (ton)
Gross
Passenger
Mileage.
Earnings. Earnings.
Years.
Miles.
Mileage.
$540,539
60,610,288
$1,742,251
428
10,616,924
600,633
67,531,874
1,791,579
428
9,531,442
428
428
428

(8 mos) 428

9,470,223
8,079,780

9,244.356
8,310,553

70,797,576
73,662,480
98,595,455
68,274,182

1,781,710
1,673,131
1,936,641
1,375,550

—(Y. 32, p. 182, 334, 395, 421, 501, 527, 589, 578; V.
433, 5 59, 587, 687 ; V. 34, p. 61.)
No.

486,889
612,043

943,413
732,680

33, p. 74, 357,

Carolina.—May.31,1831, owned from Goldsboro to Charlotte, N. C.,

223 miles. The property was leased Sept. 11.1871, to the Rich. & Danv.
Railroad for 30 years at a rental of $260,000 per year. Dividends of 6
per cent are paid on the stock, of which the State of North Carolina holds

927,594 $3,000,000, and the dividends thus received by the State are applied to

$89,909
Surplus for the year
-(V. 32, p. 333 ; V. 33, p. 226, 502, 588; V. 31,p. 87.)
New York Pittsburg d Chicago.-This is the projected line from Red
Bank, Pa., to Huntington, rncl., and to Chicago, forming a western con¬
nection for the Central of New Jersey. The company is building from
Wtbmpum. Pa., to Marion, O., 165 miles, and the whole routo from New
York City to Marion, O., is expected to be in operation by Jail. 1, 1883.
Henry Day, N. Y., is trustee of the mortgage, and Gen. J. a. Negley,
Pittsburg, is President. *
N. Y. Prov. d Boston.—Sept. 30, 1S81, owned from Providence. R. L, to
Groton,Conn., 63 miles; Warwick RR., 10 miles; operates alsoPawtuxet
and Pontiac branch roads, 10 miles; total operated, 83 miles.
Owns a

her bonds issued to the North Carolina

Railroad.

(V. 33, p. 99.)

Pacific Coast— Dec. 31,1880, owned from Saucelito to Moscow
Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased, San Rafael
North

to San

Quentin, 4 miles ; total operated, 80 miles.

Earnings in 1880, $275,203: net, $75,011.
No.

yI

Stock, $1,074,900.

Pennsylvania.—Nov. 30, 1SS0. owned from Pliila., Pa., to Bethle¬

hem, Pa., 56 miles; branches—Jenkint’n to
dale to

Doylestown, 10 miles; Iron Hill to

Dela. River, 20 miles; LansShimersville, 2 miles; total,

operated, 83 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. The company has been doing a fair business,
but paying very moderate dividends, and in May, 1S79, was leased for
990 years to the Philadelphia A Reading Railroad on the terms as stated
in V" 28, p. 625, viz., that the lessees should pay in quarterly payments
majority interest in the Prov. A Ston. Steamship Line, which has a capi¬ (February 1, May 1, August 1 and November 1) $673,344 for each of the
tal of $1,400,000. For the fiscal year ending Sept. 1, 1880, annual the
first and second years; in the third and fourth years each $718,615.
report is given in V. 31, p 51. Operations and earn mgs for three years and after that $763,887 per year. This is intended to coyer all fixed
past were as follows:
Freight (ton)
Passenger
Gross
*Net
Div charges of the lessors, and pay 6 per cent on their stock for two years,
7 per cent for two years aud 8 per cent,afterwards; (V. 32, p. 184 j
Years.
Miles.
Mileage.
Earnings.
Income,
p. c.
Mileage.
Northeastern (S. C.)-Sept. 30,1881*owmed from Charleston, S. C., to
63
10,405,601 $710,038 $398,116 10
17,858,442
Florence, 8. C., 102 miles. This company has earned the interest on its
63
8
11,467,971
689.00S
318,656
19,377,410
bonds and preferred stock with a good surplus.
In 1878-9 gross earn¬
349,096
11.290,326
779,885
8
..7112 22,167,232
ings were $346,267 ; net earnings, $135,364; in 1S79-80. gross, $404,73
13,098,143
957,717
355,245
8
22,862,036
894; net, $185,659; in 18S0-S1, gross, $484,760; net, $153,803. (Seo
including div. from Stonington Steamboat Co., and other receipts.
last annual report, V. 31, p. 651.) The preferred stock is exchangeable
~(V. 32. p. 36S ; V. 33, p. 559, 715.)
for second mortgage bonds.
New Yoi’k Susquehanna d Western.—Jersey City to Unionville, N. Y.,
Northern California - Dec. 31, 1S80, owned from W. Oakland t« Sui72 miles ; Ogdensbttrg to Scranton, Pa. (building), 125 miles. This was
suu, Cal., 47 niiles; extension, Woodland to Willows. 65 miles; leased
a consolidation in Sept., 1881, of the Midland or N. J.,the Paterson Ex¬
San Pablo & Tulare Railroad—Martiuez to Tracy City, 47 miles; total
tension, the North Jersey, the Pennsylvania Midland and the Midland
operated, 159 miles. Completed
1878 and
in part to
Connecting railroads. The lines when completed were ro be continuous Central Pacific since Jan. 1. 1876. in a rental of leased per month tlio
at
for
$1,500
from Bergen (Jersey City) to Scranton, Pa., but in Dec., 1881, negotia¬
Northern and $300 per month fo-r S. P. <fc T. The Northern stock i3
tions were made with Del. Lack. A Western, by which connection with
the latter will be made at Gravel Place, Pa., between Stroudsburg and $4,710,500, and San P. A T. stock, $1,861,000. W. V. Huntington,
President, San Francisco.
Spragueville: The Blairstown road is leased. (See full statement, V.
Northern Central— Pee. 31,.1881, owned from Baltimore. Md., to Sun34, p. 205.) Stock authorized, common, $20,000,000; preferred, $10.000,000. Dividends on preferred are cumulative.
(V. 33. p. 255, 282, bury, Pa., 138 miles; branch—Relay to Green Spring, 9 miles; leased—
Shumokin Yal. A Pottsv. RR., 28 miles; Elm. A W’mspt. RR., 78 miles;
716, 718 ; V. 34, p. 62, 205.)
hew York West Shore d Buffalo.—This is the consolidation in July, operated at cost—Ohom. RR., 22 miles; Elmira Jeff. A Can. RR. 47miles;
total. 322 miles. This was a consolidation or several roads in Jan., 1875.
1881, of the West Shore & Buffalo, the Jersey City A Albany and the
terms of t he several leases will lie found under the names of the leased
North River railroads. It is building (by the North River Construction The
roads. ’The eompanv is under the management of the Pennsylvania RR.
Company) a line parallel to the New York Central to Buffalo, and con¬ interest, and Mr. Geo. B. Roberts is President. The last annual report was
necting with the road of the New York Ontario A Western. The New
published in V. 32, p. 287, showing the application of income for the year
Yonc terminus is
through the new tunnel at Weeliawken. (V. 33, p
1880. the earnings, Ae. The consolidated mortgage (gold) of 1874 was
24, 226. 358, 528 ; V. 34^ p. 52.)
for $10,000,000 ro retire all prior bonds ; the bonds are issued as series
V. Y. Woodharen d Pock a wau.—J une 30, 18S0, owned from Hunter’s •‘A” aud “ P»” $ or £. series “ C”
dollar aud the “million dollar” loan.
Point, L. I., to Roekaway Beach, 12 miles; branch to Far Roekaway, 4 Under the 2d general mortgage of 1876 $1,000,000 more may be issued
miles; total operated, 16 miles. By contract with Long Island RR. is
as Series O.
Net earnings in 1881 were $1,656,254, against $1,795,118
to control all travel to the Beach
by rail. The stock is $1,000,000.
ia 18S0. Operations and earnings for five years past were as follows:
Niagara Bridge d Canandaigua.—Oct. 1,1881. owned from CananPassenger Freight (ton)
Gross
Net
Div’d
)8 miles. The road is leased in Years.
Mileage.
Earnings. Earnings, p. ct.
Miles. Mileage.
Hudson at $60,000 per annum,
3
1S76
322 43,401,086 253,552,485 $4,369,926 $1,333,440
322 25,720,768 277,752,734 4,070,388 1,324,463 ....
prior to foreclosure mortgages were $2,170,000.
322 24,122,837 280,236,742 3,723,457 1,118,960 ....
Norfolk d Western.—Sept. 30,1881, owned from Norfolk, Va.. to Peters322 25,888,514 404,192,761 4,107,948 1,246,006 ....
81 miles; Petersburg, Va., to Lynchburg, Va., 123 miles;
2^
29,880,642 461,904,456 5,050,387 1,795,119
1880..
uynchburg, Va., to Bristol, 204 miles; branches—Petersburg to City
—(V. 32, p. 121, 230, 232, 287, 578; V. 34, p. 115.)
,

..

*

’Xn’ IP urilos; Junction to Saltville, Va., 10 miles; total operlu^es* This was a consolidation- November 12, 1870, of

'11

*

mrroik <fc
wuh




Petersburg, South Side and Virginia & Tennessee; in all,
branches,, 428 miles. In all tlnuse routes the State of Virginia

Mich., to Laneinjs
Michigan Southern Rai

Northern Central (Michigan).—JonesxUle,
miles. Owned by the Lake Shore &

pany.

Stock,

$0i0.000. S. V. Irvin, President, Albion, Mich.

I

.c 1

%\

xliv
Subscribers

DESCRIPTION.

headings, Ac., see notes
lirst page of tables.

explanation of e-olnmn

For

on

Northern.

N.

Size, or

Road. Bonds

21

extended

Northern Pacific—Tret.

stock(8 p. c., not cum’tive).

stock
Mortgage and land grant bonds, Missouri Div
Mortgage and land gr. bonds, Pend d'Oreille Div.
Consol. M. Id. g., gold, $25,000 p. in., coup, or rcg.
North western Oh io—Stock
Common

21
21
720

1878
1869

205
209

1879
1879
1880

850
79

Noi'wtch d Worcester—Stock
New bonds, coupon

Cgdensburg d Lake fihamjrfain—Stock
Sinking fund bonds
Mortgage bonds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)

m

m

.

.

.

Income

1876-90

1,400,000

1908776-90 81
fund
Cons. M. for $7,500,000 (s.f. 1 p.e.)

do

'Ohio Central— 1st;
J

Income

bonds

mortgage gold

(lion-cimmlative)

bonds
Mineral Div

Terminal mortgage
1st mort.,
Incomes,

!

do

Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)
Income and funded debt bonds
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage

Ohio d

60
60
98
138
202
390
390
200
200
200
26
26
615
393
148
393
393
393

1881.

610.)

1,800,000
75,000
396,000

3,000,000

2,774,000
3,000,000
3,000,000

600,000

N. II., to West

that date,

Ofhce.
City, Hudson Co. B’k.
do

do

New York
do
do

1, 1881

(?)

New* York,

Julv, 1888

March, 1889
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921

Office.
do
do

J. Boston, 2d National Bk. Jan. 10, 1882
S. Boston, N. E. Trust Co. March 1, 1897
July l(j, 1870
Boston, Office.
*.
J.
Mar., 1890
do
S.
1897

do
do *
do

J.
O.
O.

April 1,1920
April, 1920

342
7
7
6 g.
7

174.000

A
A
A
A
A
A
A
A

J. N. Y., Winslow, L. A
do
do
O.

J.

Co. July 20,1885

do

do

Oct., 1905

Jan., 1903
June,’8 2 to ’84
Until 1899

D. N. Y., U. S. Trust Co.
do
do
J.
May, 1899
do
do
N.
June 1,1914
D. New York or London.
J. N.Y. Metropolitan N.Bk Jan. 1, 1920
Jan. 1, 1920
do
do
July 1, 1920
do
do
A J.
July 1, 1921
do
do
& J.
July 1, 1921
do
do
T. A J.
....

M.
A.
J.
J.
A.

S.
A 0.
A J.
A J.
A O.

A

New York,
do
do

Office.
do
do

London.
New York. Office.

Mar. 1, 1875
Oct, 1, 1882
Jan. 1, 1899
Jan. 1, 1898

April, 1911J

consolidation Sept., 1881, of the Cleveland Col. Cin.
& Dayton, on the basis of share for slilire
company. At Columbus, Ohio, Oct. 19, the Jewett party
began a suit and procured a temporary injunction to prevent the final
consolidation. The Vanderbilt party, however, decided to proceed with
the election of directors of the Ohio Railway, contending that the arti¬
cles of incorporation having been filed prior to the application for an
injunction, the order enjoining the Clev. Col. Cin. & Indianapolis and
the Cincinnati Hamilton & Dayton directors does not concern the Ohio
Railway. The total vote cast was 89,615 shares. There was butono
ticket voted as follows: Messrs. William II. Vanderbilt, Cornelius Van¬
Ohio.—This was a

A Ind. and
in the new

the Cin. Hamilton

of New

Augustus Schell, James H. Rutter and A. G. Dulman
L. Scott of Erie, Pennsylvania; J. H. Devereux, Steven¬
son Burke, T. P. Handy and Amos Townsend of Cleveland; John Newell,
M. E. Tngalls and Jolui Carlisle.
The Cincinnati Hamilton A Dayton owned from Cincinnati, O., to Dayton, 0.,60 miles; leased—Dayton A Michigan, Dayton to
miles; Cincinnati Hamilton A Ind., Hamilton to Indianapolis, 98 miles;
Cincinnati Richmond A Chicago, Hamilton, O., to Indiana State line
(and leased road), 42 miles; total operated, 341 miles;
re¬
ported separately.
for five years past were as follows,
Earnings of Cin. Ham. A Day.
Net Earnings.
including all the roads operated:
Gross Earnings.

derbilt,

York; William

Toledo, 141
operated from Duluth, Minn.,to Bisbranch, Casselton to Blanchard, 32 miles;
105 miles, and Tacoma to Wilkeson,
each .lease
31 miles—136 miles; total, 618 miles and 311 miles more just finished.
Owns one-half St. Paul A Duluth RR., 24 miles, and uses 75 miles .of St.
Paul Minn. & Man., St. Paul to Sauk Rapids, and leases Western RR.,
Sauk Rapids to Brainerd, 61 miles; total operated for business, 754 Years.
Miles.
$558,062
$2,431,874
miles. The gap between Mo. Div. and Pend d’Orielle Div. is 820 miles.
769,666
:
341
2,362,892
This company was chartered by act of Congress July 2, 1864, to build
739,572
341.
2,282,572
from Lake Superior to Puget Sound, 1,800 miles, with branch to Port¬
886,050
311
2,578,816
land, Oregon, 200 miles. The land grant was 20 sections per mile in
906,983
341
2.882,306
States and 40 sections in Territories. The company defaulted January,
,.
341
1874, and the road was foreclosed August 12, 1878, and reorganized by
The Cleveland Columbus Cincinnati A Indianapolis owned from Clewthe bondholders’ committee Sept. 29, 1875. To the bondholders new land, Ohio, to Columbus, Ohio, 138 miles; Gabon, Ohio, to Indian¬
preferred stock was issued at the rate of $1,400 for each $1,000 bond. apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles; leased,
Pref. stock is entitled to 8 per cent, not cumulative; then common to Cincinnati A Springfield Railroad, 80 miles; Levering Station to Mount
8; then both share.
Gilead, 2 miles; total operated, 473 miles.
Of the above pref. stock $2,851,455 was owned by the company
The last annual report of the C. C. C. A I. Co. was published in the
1880.
June 30, 1881. This preferred stock is taken in payment for the com¬ Chronicle, V. 32, p. 418. Ineome account for four years was as follows:
1879.
1878.
1877.
$
pany’s lands cast of the Missouri River at par (3,473,471 acres), but has
$
$
$
Missouri Div. bonds and Pend Pcceipts—
no lien whatever on the road; the
1,361,483
982,718
745,203
514,591
d’Oreille Division bonds are receivable for lands on those sections. In Net earnings
102,406
83,912
102,696
149,420
69,027
1880-81 the sales of land east of the Missoiu’i River were 588,080 acres, Rentals and interest.
■for $1,805,368, an average of $2 59-per acre.
46,378
Day. A Un.RR.st’k, Ac
A syndicate in November, 1880, subscribed for. $10,000,000 new con¬
8,000
Wabasil Pool
19,750
solidated mortgage bonds, with privilege of taking $10,000,000 more Miscellaneous
1,587,294
yearly for next three years, to linish the road, and they took and sold
1,086,410
847,899
661,011
$
Total income
$20,000,000 of the bonds in Jan., 1881. The mortgage is for $25,000
$
$
$
440,492
per mile of road, Central Trust Co. of N. Y., trustee. "The bonds are
Disbursements—
425,180
420,087
426,878
118,188
received in payment for lands at 110 and interest, and proceeds of land Interest on debt
117,014
140,020
175,232
sold must be applied to purchase of these bonds at 110 and interest.
749,540
374,770
16,437
Sinking fund of one per cent per annum begins in 18S5.
Dividends
47,861
66,429
103,744
In February, 1881, parties interested in the Oregon Navigation A Accounts charged off.
Railroad Co. purchased a controlling interest in the stock ; the 180,000
shares of common stock never issued since reorganization were partly
Total disbursem’ts.
705,854
*626,536 *964,828 1,324.657
distributed. The last annual report is in V. 33, p. 302. (V. 32, p. 4, Balance
Def.41,843 Sur.221,363 Sur.121,582
44, 121, 184, 232, 313, 323, 335. 368, 386, 421, 553, 569, 687 ; V. 33, p. —(V, 33, p. 73, 100, 231, 463, 502, 623; V. 34, p. 115, 176, 205.)
154, 588, 687 ; V. 34, p. 87,\177.)
Ohio Central.—The road was 200 miles—Corning, Ohio, to Toledo,
Northwestern Ohio— Dec. 31, 1881, owned from Toledo Junction to
Ohio. The stock was $4,400,000—par $100—and in January,
Toledo, O., 79 miles. This was a consolidation of the Tol. Tiilin A East.,
the company increased it to $12,000,000 for improvements, Ac., and to
the Mansfield Coldwater A L. M., and the Toledo & Woodville roads.
Leased to Penn. Company at cost of operating. In 1880 gross earnings buy the stock of the Ohio Cent. Coal Co. In June, 1881,
wiili the Rich. A Alleghany was voted, and new* stock and bonds tor
,$276,165; net, $49,670.
extension Avere subscribed. But in January, 1882, this plan was aban¬
Noricich d Worcester.—Sept. 30, 1881, owned from Norwich, Conn., doned and consolidation Avas made wTith the Atlantic A Northwestern or
?to Worcester, Mass., 59 miles; branch: Norwich to Allyn’s Point, 7 Virginia, with a capital stock of $35,000,000. (V. 32, p. 70,
iiniles; total, 66 miles. In 1869 the road was leased to the Boston Hart¬ 33, p. 12, 48, 154, 202, 305, 589, 716.; V. 34, p. 147, 177.)
ford A Erie for 100 years, the lessees to pay all liabilities and 10 per
Ohio d Mississippi.—Dec. 31,1880. owned from Cincinnati, O., to
■cent on the capital stock. There has been some discussion as to reduc¬
St. Louis, Ill., 340 miles; Louisville branch, North Vernon to Jefferson¬
ing the rental, and the present lessee company has the option to termi¬ ville, Ind., 53 miles; total Ohio A Miss, line,,393 miles; the
nate the lease, and now operates under temporary agreement (see V. 28,
Division, Beardstown to Shawncetowm, Ill., 222 miles; total
p. 200). Earnings, Ac., for four years past have been as follows:
Total
Net
Interest 615 miles. The Eastern and Western divisions Avere sold in
Gross
present Ohio
consolidated
Earnings.
Revenue.
& Div’ds. and theOn November A Mississippi Company was placed inNovember 21,
Y'ears.
Earnings.
17,1876, the company
the
$416,243
$315,107
$309,229 1867.
$716,635
and afterwards Mr. John King,
269,779
312,095
283,764 Recehrers,Avas appointed sole Receiver; m Jr., of the Baltimore
666,883
Oct., 1881, John M.
274,457
741,316
283,809 Railroad,
666,830
404,715
291,390
283,905 was appointed Receiver, vice King, resigned. A suit is pending,

$246,771

(V.32, p. 611.)

Northern Pacific.—June 30, 1881,
tnark, Dak. Ter., 450 miles;
Pacific Division, Tacoma to Kalama,

*

7 g.

112,000
3,829,000

1,000

Dividend.

Dee.

Boston, Office.

,

6,688,000

£200

1

Whom.

-

4,030,000

1,000
1,000

1862
1868
1868
1871

300,000
300,000

T. A
M. A
J. A
M. A
J. A
A. A
A. A

J.
A.
6 A 7
J.
7
J.
7
J.
7’
M.
7
7 or 6 g. J.
6 g. J.
7
J.
6
0 g- J.

7

20,000,000

100
100

earnings were considerably larger. ((V.
Northern of fTcw Jersey— From Bergen, N. J., to Sparkill. N. Y., 21
miles. The company operates an extension to Nyack, called the Njack
A Northern Railroad. This road was opened Oct. 1, 1859. By contract
of April, 1869, it is operated by New York Lake Erie A Western at 35
per cent of its gross earnings. It is understood the contract is ter¬
minable by either party on notice.
Gross earnings in 1880 were

$107,372. Prior to

'2, p.

2,450,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

Lebanon, N. H., 70
H., to Bristol, N. H., 13 miles; total, 83
steady, but slightly decreasing, business
during the pasi four years. The last annual report was published in the
Chronicle, V. 32, p. Oil. The net earnings for the fiscal year ending
March 31, 1881, were $102,223; in 1879-80, $112,438, and in 1878-9

Northern, N. II—From Concord,
miles; branch, Franklin, N.
■miles. This road has done a

494,000

500

1881

3 A 6

1,000,000

18,500,000

1,000
1,000
1,000

1865
1875
1873
1860
1S64
1869
1874
1880
1880
1880

5
6
2
8
6
6

600,000

500 Ac.
100 Ac.
100

M. A N.
M. A S.
J. A J.

6g.

371,000

1,000

J. A J. J.
M. A S.

6
6

400,000
3,077,000

1,000

1870
1877
1880
1880

A D.
....

6
7

2,604^400

1,000

J.

3
....

200,000
42,312,588
49,00u,000
2,484,000
3,915,000
20,000,000
2,000,000

.

Payable, and by. Stocks—Last

Payable

200,000

100

m

When

Cent.

1,000,000

1,000

W here

Rate per

$3,068,400

100
100 Ac.
100 Ac.
100
100
100 Ac.

1877

118
118

bonds, not cumulative
Ohio—Stock ($20,000,000 authorized)
Cin. Ham. A Day., 2d mort. (now 1st)
do
Cons. M. ($990,000are 7s), s.f. 1 p.e
do
Cin.H.A I. (June.) KR., 1st M., guar
Cleve. C. C. AL, 1st M.(C. C. A C. RR.) $25,000 a yr.
' 1st mort., Bel. & Ind
do
1st mort., C., C., C. A I. sink,
do
•

Value.

Amount

Outstandiug

100

66
118
m

Par

$100

82L?

II.—Stock

1st mortgage,
2d mortgage

Date
of

Miles
of

Northern of New Jersey—Stock

notice of any error discovered In tliese Tables.
INTEREST OR DIVIDENDS.
[Bonds—Prtort-

giving immediate

great favor by

will confer a

[Vol. XXXIV’

AND BONDS.

EAILEOAD STOCKS

•

,

707,581

Champlain—March 31,1881, owned from Rouse’s
,'to Ogdensburg, N. Y., 118 miles; branches, 4 miles; total,
The earnings of the road having decreased of late years,

Oydensburg d Lake

Point, N. Y

122 miles.
January,

:Id

1880, the

been

executive committee

Passenger

Years.

1877-8..
1878-9..

Miles.

Mileage.

122

3,369,125
3,645,831
3,769,830

....

122

122

1879-80

1880-81

....

122

—(V. 32, p. 70,




issued a circular pro¬

which have

terms of adjustment (see V. 30, p. 118, 144),
substantially carried out. Operations and earnings for four years

posing certain

122, 657.)

Freight (ton)
Mileage.
24,531,607
22,439,405
28,037,799

Gross

Net

Earnings.

Earnings.

$542,670

$144,326

472,172

55£,810

578,676

104,390
170,917
195,476

Sur.262,637

1881,

consolidation

o79; V.
East
Springfield
operated,
foreclosure
hands or
<& Ohio
DoUeias
brougnt
annul the purchase of the Springfield Div. in 187o as fraudulent and
The various phases of litigation in regard to tins company have
reported from time to time in the Chronicle. There are A te
$97,000 of old first mortgage 7s (reduced to 6s), Western Division, out¬
Fret, stock has prior right to a cumulative dividend o •
cent before any dividend shall be paid on com.; after payment or /
cent for any one year on com., the surplus of that year (it a 3 >
divided between both classes. Operations and eainm0s
Earnings.
past:
Earnings.

to

void.

been

standing.
per
per

shall be

four years
Years.

Miles.
615
615
615

.

1881 (to Aug.

31)

615

Gross

$3,136,836
3,502,239
4,376,310
2,649,949

Net

$364,548
1,051,449

1.256,709
540,992

February,

EAILKOAD STOCKS

1882. J

xlv

AND BONDS.

Honda— Pnnel

INTEREST OR DIVIDENDS.

description.

Ac., see notes

y
For'explanation of column ot tables.
headings,
on first page
r u

°naiouds)aor$1.000.000»...

Sorin^

Div. (Sp.A

III. SE.) 1st M. (for

1876-90;
Bonds
Bonds
Bonds

-

Bonds
Oregon db

do
do
do
do

$3,000,000).

($15,000
mile)
mile)

Ohio Southern- 1st mort
per
2d mort., income ($lo,000 per
Old Colon}/—Stock
Bonds (not mortgage) coupon and

^

do
do
do
do

222

128
128
455

1864
1875

do
do
do

1876
1877
306
48

Oregon Central—1st
2d mortgage

1881
....

1879

Mortgage

-- •

Transcontinental—Stock (for $50,000,000)

Rome—1st mortgage guaranteed
mortgage bonds
Syracuse—Stock, 9 per cent guar
Mortgage bonds
Consol, mortgage (guar. D. L. & W.)
Paducah db Elizabethtown— 1st mortgage
2d mortgage,

Painesvillc db

income

Youngstown—1st mortgage
convertible

2d mortgage, income,
Panama—Stock

Par

28^

1865
1866

35
35
186
186
65
65
48
43
48
15
15
11

$1,000

$140,000

7

1,000
1,000
1,000

2,000,000
1,920,000
1,920,000

7
6

7,533,800

5
7
6

2,000,000
6,000,000
4,395,000
300,000

1.000

1,000
1,000
500 Ac.

1876
1877
1877
1879

1,000
1,000

....

G g.

Sg-

350,000
200,000
1.320,400
124,000

7
7

338,000

7
8

1,000

4 >2
7

299,994
1,141,200
400,000
1,000,000
7,000,000
3,989,000

2,955,000

1.000

....

1870

....

1,000

and a full state¬
5 per cent
229. 356, 578,
412, 442, 560, 642; V.

tke New York
corporation is organized
from the city of
Springfield, in the county of Clark, in the State of Ohio, to the village of
Rockwood on the Oaio River. Length of road completed and in opera¬
tion: Springfield, Ohio, to Coalton, with extensions and brandies now
completed, 123 miles. Stock (par $100), $3,840,000. B. S. Henning,

Ohio Soul hern—This company, in its statement to
Stock Excliango, June, 1831, says that the
under the laws of the State of Ohio. The road runs

(V. 32, p. 637; V. 33, p. 441.)

Provinceand Somerset
branches,

Old Colony (Mass.)— Sept. 30, 1881, owned from Boston to
town, Mass., 120 miles, and lines to Kingston, Plymouth
June., Mass., and to Newport, R. I.; total. 249 miles; numerous
52 miles in all; leased—Boston Clint. Fitchb. A N. B., 125 miles;

Fram¬

ingham A Lowell RR.. 26 miles; Dorchester & Milton RR., 3 miles; total
length of all lines, 455 miles. The Cape Cod Railroad was merged in
this October 1, 1872.
In December, 1878, a contract of lease was made
with the Boston Clinton Fitchburg A New Bedford for 999 years, the
Old Colony to operate that road and pay as rental 1023 per cent of the
gross earnings of both roads. The last annual report was in the Chron¬
icle. V. 33, p. 525.
Operations and earnings for five years past were as follows:
Div.
Passenger Freight (ton) Gross
Net
Mileage.
Earnings. Earnings. p. et
Miles. Mileage.
Years.
290 50,628,616 21,387,713 $2,174,884 $720,711 6
301 58,245,895 18,446,307 2,077,616 703,278 6
453 72,805,238 42,450,366 2,798,029 1,090,799
453 89,502,519 51,169,628 3,518,769 1,201,647 6
455 89,187,583 53,794,401 3,746,448 1,246,846 6
...

—(V.32, p. 44; V. 33, p. 525.)
Oregon d California.—Line of road—Portland, Or., to Roseburg, 199
miles; West Side Division, 97 miles; Lebanon Branch, 11 miles. Total
finished, 306miles; projected, 288 miles. This company succeeded to
the Oregon A Central Railroad, organized under act of Congress July 25,
1866, and took that company’s land grant. The company has been in
default since 1873,, and at Frankfort, Germany, May 5, 1881, the bond¬
holders voted Mr.Villard’s plan of reorganization, and appointed Messrs.
Viilard, Bretherton and Peebles, trustees. The plan provides for the
issue of preferred stock for the old bonds, $12,000,000, and common
stock for $7,000,000; also for $6,000,000 new mortgage bonds.
(V. 32,
p. 527, 569, 659 V. 33, p. 5S9, 687.)
•
Oregon Central.—Portland to St. Joseph, Oregon, 47 miles. Opened
November 3, 1872. Leased to Western Oregon Railroad.
In 1878 there

N.

I).
D.
J.

M. &

Mav 1,

New York, Office.
do
do
New York.

1883

Nov. 1, 1905
June 1, 1921
June 1, 1921
Jan. 2, 1882

do

Boston, Office.

Sept. I, 1884

do
do
do
do
do
New York.

S.

Dividend.

March 1, 1891
June 1,1895

Sept. 1, 1896
Aug. 1. 1897

July 1, 1921
July 15, 1891
Moh. 1, 1906
Oct. 1, 1900
A. A 0. New York and London.
Feb. 1, 1882
New York.
Q.-F.
J. A J. N.Y., Farm. L. A Tr. Co. July 1, 1909
M.
F.
F.
M.
M.
F.

N. N.Y.,Farmers’ L. AT.Co.
do
do
A.
A. N. Y., Del., L. A W. RR.
do
do
N.
do
do
S.
A A. N. Y„ Ex. Norton A Co.
A
A
A
A
A

-

do

April.

V

ao

J.
J.

4h>

J.

7
4
6

(?)
630,000

A J.
A J.

New York, Agency.
do
do
New York, Office.
London.
New York.

7
7
0
7 g.
6 g.

M. A N.

Philadelphia, Office.

Q.-J.

Philadelphia A London.

Q.-F.
A. A O.
M. A N.

May, 1915
Feb., 1891

Feb., 4882
1880 A 1885
1907
Fob. 1, 1897
Feb. 1, 1897
.Tan. 1, 1910
Jan. 1. 1915
Jail. 3, 1882
’84 to ’89 A’97
Nov. 1, 1910

....

500,000
50

■

o

15,760,000

500 Ac.
500 Ac.
100
£200

&
A.
&
A

Stocks—Last '

....

14,000,000
5,911,000
(?)
•

& N.

[M. & S.

4

25,000 p. m.

1,000
1,000

Whom."

J. A D.
! M. A 8.
6
F. A A.
6
6 g. !A. A 0.
7

1,100,000

....

58A64

1867
1880

6
3

32.000

1,000
1,000
1,000
1,000
1,000

M.
M.
J.
J.
J.

pal,When Due.

Payable, and by

Payable

Cent.

1,692,000
500,000

lOOOAc.

50

1879

When 1 Where

Rate per

Outstanding

Various back coupons were paid in 1880 and 1831.
ment of proposed adjustment and issues of $10,000,000
bonds was given in V. 34, p. 177. (V. 32. p. 16. 156,
659, 686; V. 33, p. 74, 202, 275, 304, 358, 385,
34, p. 62, 177.)

President.

Amount

Value.

100

sterling, (£1,000,000)
Sinking fund subsidy, gold
Passaic db Delaware—Stock
Paterson db Hudson—Stock
Paterson Newark db New York—1st mortgage
1,669
Pennsylvania—Stock
Gen. Mm Ph. to Pitts., coup., J. A J.; reg„ A. & O
General mortgage,

or

100

1880

Oregon

Oregon &
Oswego db
Income
Oswego db

Size,

100

1873
1874
1881
188 L

1874

registered,

Railway db Navigation—Stock
bonds, gold
Oreaon Short Line— 1st mortgage

Date
of

Road. Bonds

....

mort.,gold
mortgage
— -z
-----Oregon Pacific—1st mort., land grant, gold
California— 1st

Miles
of

77,672^750

19.999.760

A

Jan. 2, 1882

New York.

J.

Nov. 30, 1881
1910

In 1878-79 net
lessees, $30,374;
$34,385.
Paducah db Elizabethtown.—Elizabethtown to Paducah, Ky., 186 miles.
Formerly Elizabethtown A Paducah, and again the Louisville Paducah
A Southwestern. The road and a branch to Louisville were foreclosed
August 24, 1876. The Cecilian branch to Louisville, 45 miles, was sold
again to the Louisville & Nashville Railroad.
Iu 1881 an interest iu
this road was purchased for the Clies. & Ohio system. The common
stock is $1,426,500 and preferred $1,426,500. An interest dividend of
5 per cent was paid on income bonds in April, 1881, out of earnings of
1830. Net earnings in 1830-81, $98,146. (V. 33. p 73.)
Painesvillc d: Youngstown.—Fairport. Ohio, to Youngstown, Ohio, 65
miles. The old eompauy made default, and road was sold in foreclosure
June 2, 1S79. Under the reorganization bonds arc issued as above,
and the stock is $283,000. The income bonds have votes, and arc con¬
vertible into stock. Christopher Meyer, President", New York.
The
road went into the possession of new managers in 1881, and it was
reported to have gone under Wabash control, and on Jan. 1, 18^2. de¬
fault was made on tlie 1st mortgage coupons. (V. 33, p. 46; V. 34, p.

for 9 per cent per year on

stock and interest on bonds.

$120,767; payments, $151,141; deficit to
1879-80, net, $186,856; payments, $152,471; surplus,

income was

32, 117.)
Panama.—Dec. 31,1380, owned from Aspinwall to Panama, 48 miles.
Opened through January 28. 1855. This road had a practical monopoly
of the California business till the opening of the Pacific Railroads in
1869.

Of the first mortgage

bonds $1,000,000 fall due in ten half-

yearly payments beginning 1S84 and balance ($2,989,000) in October,
Tiie $3,000,000 subsidy bonds are secured by a pledge of the
1897.
sum of $225,000 annual subsidy payable to the U. S. of Colombia by
the company.
In June, 1881, most of the stock was sold to parties
interested in the de Lcssops Panama Canal Co. The report for 1880 was
in V. 32, p. 393, and the income accounts for four years as follows:
1877.
1873.
1879.
1880.
Peccipts—
$
$
$
$
Net earnings
1,230,420
Rentals and interest, Ac....
149,937
Discount on subsidy

163,291

Other receipts
Total income
Disbursements—
Interest on debt

Drawbacks
Dividends

on

1,227.292 1,202,14 4 1,014,630
264,230
196,269
254,392
166,667

produce

Subsidy to U. S. Colombia..

158,887

195,213

184,185

1,543,651
$
209,468

1,582,448

1.651,749
$
270,853
9,939
910,000
250,000

1,629,712
$

12,500

840,000

250,000

$
239,889
12,932
840,000
250,000

270,747

6,706
1,120,000
250,000

1,312,821 1,440,792 1,047,453
231.683
239,627
210,957 dcf.17,741
-(V. 32, p. 156, 393, 469, 037; V. 33, p. 12, 48, 412.)
was a net loss on operations.
Stock, $5,000,000.
Passaic d• Delaware—Summit, N. J., to Bemardsville, N. J., 15 miles.
Oregon Pacific—Pond in progress; projected line, 600 miles, of which The New Jersey West Line Railroad was sold in foreclosure and this
60 miles from Corvallis to Yaquima is to be finished immediately. Land
company organized October, 1878, by parties identified with the Morris
grant, over 9C0.000 acres. (V. 33, p. 93, 491.)
& Essex lessees (Delaware Lackawanna & Western), by whom it is
Oregon Railway db Navigation.—Gross earnings year ending June 30, operated. Nominal stock, $1,000,009. Samuel Sloan, President, Now
1880, $3,730,242; net earnings, $1,666,861. An issue of- $6,000,000 York City.
new stock was voted on Oct. 20, 1880, to be sold at par to the stock¬
Paterson d; Hudson.—Jersey City, N. J., to Paterson, N. J., 15 miles.
holders at dates in 1881, with a 10 per cent serip dividend paid to the The road was opened in 183 4, and leased in perpetuity September 9,
stockholders when their last instalment was called for.
A further 1852, to the New York A Erie, at a rental of $53,400 per year. J. S.
;?oll0io0f $f}>°P0,000 stock was made to stockholders of December Rogers, President, New Y'ork City.
Paterson Newark db New York.—Leased to New York Lake Erie &
m?’ -^Sl, deliverable February 1, June 1 and September 1, 1882.
lhe company has lines in progress which will make 696 miles of
Western at $35,000 per year.
maui and branches
when completed.
The managers purchased in
Pennsylvania.—Dec. 31,18S0, the mileage operated east of Pittsburg
February and March, 1881, a controlling interest in the common and and Erie, on which earnings as reported were based, was divided as
preferred stock of the Northern Pacific Railroad with cash furnished by follows: Pennsylvania Division and branches, 1,120; Philadelphia &
a syndicate, and the control of both companies was transferred to the
Erie Division, 287; United Railroads of N. J. and branches, 402; total
Oregon & Trans-continental. Net earnings, July-Dee., 1881, $1,376,773, operated. New York to Pittsburg, with branches, 1,809. The operations
^m^,$977’288 iu 188°- <v- 32> P- 156. 232, 265, 313, 323, 336, of the Pennsylvania Railroad cover so large a field that a reference to
42x, 501, 553, 687; V. 33, p. 48, 177, 439, 588 ; V. 34. p. 87, 178.)
the annual reports published in tlio Chronicle is necessary to give
Oregon Short Line.—Road in progress from Granger on the U. Pac. any adequate idea of its working and condition from year to year.
the total cost of stocks and bonds of other companies owned by Penn¬
“i™.Oregon 600 miles, built under U. P. control. One $1,000 bond and
sylvania Railroad was $61,833,681, and the par value $93,144,596. In
i2p°4]\vtock: 80ld t0 u* p- stockholders for $1,000 cash. See V. 33, V. March, 1881, the eompauy purchased over 200,000 shares of the Phila¬
120, 716, 718.
Oregon d- Transcontinental.—Tina company was organized under the delphia Wilmington Si Baltimore RR., and the directors authorized the
issue of $20,000,000 now stock of the Pennsylvania RR. A part of
laws ot Oregon on June 27, 1881, and received from the “Viilard Pool”
this stock was offered at par to stockholders of record April 30,1881, at
the rate of 12*2 per cent of their holdings. In July, 1881, the 4 per ct.
bonds secured by P. W. A B. stock were issued, and $260,000 are to bo
drawn and paid yearly. A scheme to buy up tlio company’s guaranteed
securities with $100,000 per month from earnings is in operation, and
the entire amount paid by the company into the Trust up to the end of
1880 was $1,300,000.
There had been purchased for the fund securi¬
ties of the par value of $1,401,850, which yield an interest of 6 84 per
cent per annum upon the investment.
** Rome.—Richland, N. Y., to Oswego, N. Y., 29 miles.
Road
An abstract of tiie latest report issued, that for 1880, was published in
hni>n<x> ,T;lmi,‘u'y 1» per
1866. Iton leased to and Rome cent on
is
tlie 7 per Watertown & Ogdens- the Chronicle (V. 32, p. 262), showing surplus net income of $2,817,655
UU1® Railroad at 8
cent
its stock
guar, bonds.
after paying all charges and 4hj per cent dividend. The managers re¬
Syracuse.—Sept. 30,1830, owned from Oswego, N. Y.,to Syra- marked as to their general policy : “The cost of all new construction
eiise, a.
35 miles. Leased in 1868 to the Dela. Lack. A West. RR. Co. work not properly chargeable to the expense account is each yeay




£

Total

disbursements....1,311.968

Balance, surplus

€

xlvi

confer a great

Subscribers will

explanation of column
first page

on

headings, &c., see notes

of tables.

$•

nnual inst’lm’ts of $460,000)

f. 1 p. c.)

,

stock collat’l)

•

(extended 20
in ’81)
Pennsylvania Co.—Stock
Reg. bonds, secured by P. Ft.W.& C. special stock
Bonds, gold, secured by pledge and guarantee....

c

accumulative

....

1,000
1,000

cumulative—

i,ooo;ooo

1,000
1,000

1,000
1,000
100

....

1853
1880
1880
1880
1880

1,000
1,000

1867
1873

100

799^600

1,000

.

1877

500 &c.

100

.

82
82
82
83
62
27
287

yearly)

(exchangeable for 6 per cents)

Central— Stock
1st mortgage (for $2,500,000)
Westchester & Fhila., 1st mortgage
Philadelphia <£ Erie—Stock, common
Preferred stock
1st mort., Sunbury & E. (extended 20 years in ’77).
2d mortgage
General M., g., guar by Pa.ltR.($5,263,000 rg. 5s)

Philadelphia <& Balt.

.

.

.

m

500,000
300,000

....

....

.

50
50

1857

1,000

earnings

Gross

1868
1869

1,000

Increase,

traffic.$60,362,575 $70,764,062 $10,401,486
Gross operating expenses
35,639,794 42,170,485 6,539,600
Showing net earnings
$24,722,780 $28,584,576 $3,861,795
INCOME ACCOUNT, 1880.
,

$10,051,485
1,035,308

Railroad Division

M. & S.
M. & S.

1920

& O. Co’s Office, Norristowm. Apr. 1, 1837
Juno 1, 1913
do
do
& D.
Nov.. 1882
Nashua, Treasurer.
& N.
Oct, 1, 1897
Boston, N. E. Trust Co.
& O.
Jan., 1872
& J.
Jan
1879-’98
Petersburg, Va.
& J.
1902
,

do

....

A. & O.
5 J. <fc J.

„

do

Philadelphia, Office.

....

....

5 & 6 g.

1920
1920
1920

Phila., Farm.&

1911

Meeh.Bk April 1, 1891

Q.-J.

Oct. 1, i897
July 1, 1883
July, 1920

do
do
Philadelphia, Pa. RR.
Philadelphia <fc London.

of Pittsb. Ft.
secured by
<fc Chic, and the
Clove. <fc Pittsb. railroads and are also guaranteed by the Penna. RR.
Co. The trustees of the mort. are Wistar Morris, Edmund Smith and S.
Felton. They were issued to supply funds for purchasing the C. C.
& I. C. bonds and other purposes, and the whole authorized issue is $20,000,000. The sinking fiiud is 1 p. c. per aim. if the bonds can be bought
at par. See V. 32, p. 122.—(V. 32, p. 122, 569, 637; V. 33, p. 72,126.)
Pennsylvania <& New York (Canal and Railway).—November 30,1S31,
owned from Wilkesbarre, Pa., to New York State Line, 104 miles.
Branches to mines, 23 miles. Operated in connection with tho Lehigh
Valley Railroad.
Common stock, $1,061,700, and 1-.referred stock,
$4,000,000. Net earnings in 18784), $599,791; in 1879-80, $915,132;
1880-91, $1,0006,706. Robert A. Packer, President, Sayre, Pa. (Y.
32,p.08; V. 34, p. 115.)
Peoria & Bureau Valley.—Bureau Junction to Peoria, Til., 47 miles.
The road was leased in perpetuity April 14, 1854, to the Chicago & Rock
Island Railroad at a rental of $125,000 per annum. Officers same as
1921

M.

Grossearn’gs, all lines, from

Net income Pennsylvania
Net loss New Jersey Division

1,
1,
Sept-. 1,
Sept. 1,

registered bonds are secured by deposit of $1,000,000
Chicago special stock. The gold bonds of
are
deposit in trust of the leases of the Pittsb. Ft. Wayne

a

20,382,740 24,625,048
1880.

Jan.
Jan.

Feb., 1882

Aug. 1, 1893

do
do
New York.
do

The

$12,088,670 $13,167,740 $14,237,539 $16,635,025
DIRECTLY OPERATED EAST AND WEST OF PITTSBURG.
1870.

Bank.

Y., Met. Nat.

Wayne &

Net earnings....
ALL LINES

1, 1896

June 1, 1906

Philadelphia, Pa. RR.

3,000,000
13,943,000

1.000

$31,117,146 $31,636,734 $34,620,270 $41,260,073

19,028,467 18,468,094

1," 192!

7
7

2,400,000

~

July 5, 1907
June

....

A.
T.
M.
A.
J.
J.

1, 1901

Dec., 1881

July

A. & 0.

976,000

Jan.

D. Phila., B’k N. America.
do
do
D.
A. N. Y., Chic., R. I. & Pac,
do
do
A.

7,013,700

for the past
such securities
and
following

Operating expenses.

&
&
&
&

5
7

1,100,000

100 &c.

July 1, 1921

Co.,forins.<fcc.

do
do
J. & J.
J. & D. Pittsburgh, Co.’s Office.
N. Y., Nat. City Bk.
Q.-J.
New York.
J. & J.

....

615,000

.

.

capital account—the funds for this purpose
two years having been obtained largely by the sale of
owned by the company as it was deemed wise to dispose of.”
A summary of the total business of 1880 in tonnage, passengers
earnings, compared with previous years, is shown in the
:
ERIE.
ALL LINES EAST OF PITTSBURG
1870.
1877.
1878.
1880
'

2,500.000

50

@

1881
1871

40
287
287

added to your

147,000

1,324,200

100

....

Phil.,Pa.,

J. & J. N.

1,125.000
385,000

1.000

June 15,1&06
Dec. 1, 1909

do
do

do
do

& D.
J. & J.

J.

6 g.
6
6
6
6
6
6
6 g.
3
6
3
8
8

858,000

Annually.

Philadelphia, Office.
Q.-M. Philadelphia & London.

A. & O.

T.
J.
F.
F.

1,470,000
-1,230,000
1,500,000

1,000

Stocks—Last
Dividend.

Payable, and by
Whom.

7
7
4
8

1,500,000

38
38
11
.

4^g.

8,400,000
1,287,000

10

s

6

300,000

....

Where

Payable

2^

20,000,000
2,857,000
10,000,000
1,500,000
1,500,000
1,200,000

50

When

5
6
5
4
6 g.
5

28,610,540
5,000,000
10,000,000
5,048,000

1,000

1877
1881
1866
1866

....

mortgage

(payable $25,000

•

....

Perkiomcn—1st mortgage
Consol, mort., gold, guar. P. <fc R-» (sink, fund) —
Peterborough (N. H.)—Stock
Bonds (not mort.), redeemable after 1882
Petersburg—Stock
1st mort. bonds
2d mortgage

•

105
105
46
47
181

bonds

not

■

•

....

York—1st mort., guar
guaranteed
Peoria <£ Bureau Valley—Stock

Peoria <6 Pekin Union—1st
1st mortgage, income

•

•

,

....

1st mortgage,

1st mort. (Evansville Div.)
Income bonds (Ev.ansv. Div.),

,

Rate per
Cent.

$3,833,066

- • *

....

Pennsylvania <£ New

Peoria Decatur <£ Evansville—Stock
1st mort., gold (Pekin to Mat-toon)
Income bonds,
do
- not

,

Amount

Outstanding

1.000

1873
1879
1881
’77-’80
1875

....

Consol. M.. coup. J. & D., & reg. Q.—M. (8.
Consol, mortgage, gold
Bonds, reg. ($10,000,000 P. W. & B.
Car Trust certificates
Navy Yard bonds reg.
years

1st mortgage

Bonds—Princi¬

Miles
of

Pennsylvania—( Continued)—
State lien (pay ’ble in a

immediate notice of any error discovered in these Tables. Due.
INTEREST OR DIVIDENDS.
pal,When

Date Size, or
Par
of
Road. Bonds Value.

DESCRIPTION.

,

f\)r

favor by giving

[Vol. XXXIV.

AND BONDS.

RAILROAD STOCKS

in

Rock Island.

Evansville.—June30,1681, Peoria to Evansville,
is a consolidation of the Pekin Lincoln <fc Decatur
$9,016,176
Balance
to the Wabash) and the Decatur Mat toon & 60.
Mattoon. The bonds were placed on N. Y. Stock
From this deduct all charges of every sort, including the
On
issue $2,400,000
16, 1881,
1,377,607 Exchange in Sept., 1880. &o. July V.1 32, p. voted toIn 1S80-S1 gross
$600,000 for the purchase of guaranteed securities, total.
stock for new lines.
See
659.Showing balance to credit of income account after deduct¬
income, $566,634; net, $212,777. (V. 32, p. 28S, 659.)'
ing all payments for wliicn the company was responsible. $7,638,569
to Peliin, 10
Peoria & Pekin
Out of which were paid dividends of 7 per cent
4,820,911 union road, and Union —This road, from Peoriataken by themiles, is a
the stock of $1,000,000 was
different
Leaving to credit of profit and loss account$2,817,655 Peoria RR. companies. Opened Feb., 1831, and gross income to Juno
30, $135,698; net, $40,626.
Add balance of amount realized from settlement of old ac¬
counts, and profit on sale of securities
- 795,220 Perkiomcn.—Nov. 30, 1881, owned from Perkiomcn June., Fa., to
$3,612,875 Emaus June, 39 miles. The road was leased for 19 years from Aug. 1,
4, IS 1,073
18G8, to Phila. & Read’g RR. , and bonds guaranteed by the lessees; but
Add amount to credit of profit and loss, Dec. 31, 1879.
the property was surrendered and all control given up in May, 1S79.
the interest
mortgage was
Balance to credit of profit and loss Dec. 31,1880
$7,793,948 One-half Philadelphia on the consolidatedaccording to thepaid tor three
years in
& Reading scrip,
Philadelphia
The monthly range in prices of Pennsylvania RR. stock in Philadelphia 'A. Reading compromise.
Net earnings in I860 were $118,602; in 1831,
Peoria Decatur

&

248 miles. This road
RR. (formerly leased
and the Grayville &
new

have been:

1881.

1882.

1881.

1882.

65^8- 62
65*2- 63^
66%- 63'78
0036- 64
x6G - 62%
63 V 59^

$123,129. (V. 32, p. 101.)
Peterborough.—Wilton to Greenfield, N. II.,
1, 1874. and leased by Nashua Sc Lowell

Completed Jan.
March.
64*8 October
at 6
cent on cost of the road.
suit
decided in favor of Peterborough. James Scott, Presi¬
April
701s- 66*8 Nov’ber
dent, Peterborough, N.H. (V. 32, p. 16.)
May
69j2- Gl^s Dec*her..
66%- 64^
Petersburg Feterslmrg,,Va., to Weldon, N. C., 64 miles. In May, 1877
—(V. 32,
122, 230, 262, 265, 288, 2S9, 334, 336, 422, 469, 501, 578,
Receiver was appointed and foreclosure sale was decreed April 20
613, 635, 636; V. 33, p. 23, 93. 125, 226, 358, 469, 58S, 745 ; V. 34, p.
1830, but steps were taken by second mortgage bondholders to prevent
1, 115.)
sale by paying the overdue obligations and re-organizing, changing
Pennsylvania Company.—The Pennsylvania Company is a corporation the 2d mort. 8s for 6s, (V. 32, p. 232,444, 501, 613, 686; V. 34, p. 178.)
chartered by tlic Pennsylvania Legislature, April 7, 1870, distinct from
Pennsylvania Railroad, and operates all the leased lines west of
Philadelphia <£ Baltimore Central.—Phila. to Westchester, 26 miles ;
Pittsburg. The stock is owned by the Pennsylvania RR., and in 1880 Westchester Junction to Octornro Md.. 46 miles; leased Chester Creek
and preferred were merged into one class of stock, mak¬ Railroad, 7 miles, and Columbia & P. Deposit Railroad. 4 miles; total
ing $12,000,000, which was increased to $20,000,000 prior to the issue operated, S3 miles. This was a consolidation, Get., 1881, of the Phila.
of the $10,000,000 bonds in May, 1881. The whole number of miles
Balt. Central and the Westchester
Phila. railroads. Of the new
operated or in any way controlled by this company is 3,547. The io- stock Phila. Wil. & Balt, holds $1,G09,100, and $615,000 of the bonds.
^1S80.
Philadelphia d Erie.—Dec 31, 1881, owned from Sunbury to Erie, 287
Formerly Sunbury & Erie RR. It was leased to Penn. RR. lor J JJ
$366,613
$843,725
years from January 1, 1862, the lessees to pay 30 per cent of gross
receipts as rental, but modified January 1, 1870, so that actual net
$922,366 receipts are paid as rental. The consolidated mortgage is guaranteed by
Proftts from operating leased roads—
$1,589,543
71,226
Pennsylvania Railroad. The unpaid coupons of $1,929,264 are held
8,693
Castle & Beaver Valley.
6,868
advances. Last annual report
95,237 by the lessee for the report for 1881 presents the was in V. 3_, p. year
307,378
abstract of
business for the 204.
17,553
Total revenue, $3,454,309; operating expenses, $2,430,060 ; nee
Jeffersonvfile Madison & Indianapolis
earnings, $1,024,248; from which extraordinary operating expenses lor
$1,975,016 $1,044,338 construction of tracks, sidings, shops, &c., amounting to $13o,2/8, nro
540,233 deducted, making the actual net earnings $888,970. To the latter sum
577,697
Received from investments.
added net receipts from rents, $4,835, making a total net revenue or
$3,401,439 $2,451,185 $893,805. From this arc deducted chargee for maintaining the organi¬
zation, interest on equipment and drawbacks to the Allegheny. V alley
Deduct—
$646,541 Railroad, amounting to $211,055, leaving a balance of $68-,74J. lne
$603,799
Expenses Proprietary Dcp. and iut. on bonds...
interest paid on the funding debt was $l,077,99o, leaviug a deficit for
in operating leased roads—
51,039
,
year of $395,245.
...
Louis Alton & Terre Haute
232,653
242,819
Operations and earnings for five Freight
years past were as follows: Net
(ton)
5,365
Passenger
67%- 64 ^
66L>- 62*4

62^-59 *s

Jan
Feb

-

-

July

-

August

Sept’bcr

-

-

-

•

June

-

1873
but a

11 miles.

Railroad for 20 years from
I11 1879 lessees withheld rental,

per
was

—

p.

a

a

the

the common

&

1879.

miles.

4S6

New
Lawrence

the

An
thus:

is

Doss

-

the

8t.

Gross

Massillon &

Cleveland.

Cash advanced to




Cin.

Richmond & Ft. Wayne.

148,583
24,384

141,974
26,320

$1,024,952 $1,098,530
$2,376,487 $1,352,655
480,000

Balance, being

the surplus

for the year

$1,896,487 $1,352,655

$1,896,487

Years.
1877..,.
1878:...
1879....

1880....
1881....

Miles.
....

....

....

....

....

287
287
2s7

287
287

Mileage.

12,466,005
11,444,003
11,562,653
14.792,169
18,274,493

-(V. 32, p. 204; V. 34, p. 196.)

Mileage.

335,727,141
381,300,202

505,918,017
559.280,067

495,395,306

Earnings.

$3,172,993

2,921,060

3,091,807

Earnings.

$1,123,366
876,111

961,549

3,727,733 1,369,379

3,454,309 1,024,24S

1832. J

February,

Subscribers will confer
description.
For

a

great favor by giving

Reading—Stock, common.

779
779
779
779

loans inconvertible
Loan' mortgage, convertible
Mortgage

mortgage,
do
do

sterling.
do
do

debenture
mortgage

Consolidated mort.,
do

do

do

do

779

(Extended in 1877.)

779
779
779
779

$ loan, coupon or reg

gold, $ or £, coup
$, gold, coup, or reg

•

loan (convertible 1876-92), coup
Improvem’t mort., $ or £, sink’g fund, coup

Debenture

mort., $ and £ (sink, fund 1 p.
Income mortgage (for $10,000,000)

c.

Gen.

yearly)

mortgage of
and guar,

loan

•

•

•

....

....

•

•

•

^ •

•

•

•

29

(for $10,000,000)
1st mortgage, Steubenville A Ind., reorganized..
Newark Division bonds..

•

1,000

• •

.

.

1,000

1,000
1,000
....

10 Ac.
90 Ac.

33

50
50
100 Ac.
100
50

1875
1880
1868
1873
1864
1864

....

1,000
1,000
1,000
1,000

Carbon,
Pa. 98 miles; branch lines owned, 233 miles;, leased lines, 495
miies; other lines controlled, 66 miles; total operated, 892 lines. In
May, 1879, this company leased for 990 years the North Pennsylvania
Railroad and Delaware A Bound Brook Railroad, and at same time gave
up the Perkiomen Railroad.
(See terms of lease under names of those
companies.) The Berks County RR. was purchased at foreclosure and
paid for in bonds. The. main business of this company has been the trans¬
portation of anthracite coal. The Philadelphia A Reading Coal A Iron
Company is a corporation formed (Dec. 12, 1871) for the purpose of ownin0, and working the extensive coal properties of this company. The
Philadelphia A Reading RR. Company owns all the stock of the Coal & Iron
Company, and the trustees of the general mortgage of 1874 hold the bonds
of the Coal A Iron Company. Between 1870 and 1876 this corporation
increased heavily its capital account in the purchase of new properties,

Jail. 25,1876

J.
J.
J.
J.
J.
J.
A.
J.
J.
J.
J.
A.
J.
J.
I.
J.
J.

2.231,900

1,200,000

'700,000

July 25,1876

do
do
do
do

do
do

do
do

J.
J.
J.
J
J
J.
O.
D.

A
A
A
A
A
A
A
A

Dividend.

July, 1880
July, 1886
July, 1880
July, 1880
July 1, 1882
July 1, 1893

London.
do
do

Philadelphia, Office.

Oet. 1, 1893
June, 1911

do
do

do
do

June, 1911
Juue, 1911
Jan. 1, 1893
Oct. 1, 1897
July 1. 1908

A I). Philadelphia A London.
A D.
Philadelphia, Office.
do
do
A J.
A 0. Philadelphia or London
A J. Loudon A Philadelphia,
A D.
Philadelphia, Office.

7
7
3
6

A. A O.

Pliila., 227 So. 4th St.

Q.-J.

Philadelphia, Office.

2*2

1,259,100
11,795,050
1,000,000
700,000

4
6
6
6
5
7
7
6
7

800,000

1,000,000

6,684,000

2,500,000
3,000,000
313,000

A J.
A O.
A 0.
A 0.
A D.
A A.
A. A O.
M’nthlv
J. A J.

J.
A.
A.
A.
I.
F.
x

July, 1882
July, 1882
May 1, 1898
1892 to ’94
1892
Mar. 3. 1882
Oct. 1, 1897
Jan.10. 1882
Jan. 1, 1882

Philadelphia A Boston.

April, 1887

do

do

Oct.

Phil’delphia, Co.’s Office
do
do

Pliila., Pa., RR. Office.
do

do

N.

1.

1892

April 1. 1900
June, 1910
Aug. 1, 1900
April 1, 1913
May. 1834

do
do

*

1, 1896

Dec.

do
do
A D.
do
do
A J.
A J. London A Philadelphia.
M. A N.
Philadelphia, Office.
Various London A Philadelphia.
M. A 8.
Philadelphia, Office.
Q.-M. Pliila,. Treasurer of Co.

3, 4 ,5, 6

13,036,500
1,731,000

....

1,000

18796-0.

586,000

....

1,000

1872-4

117

10,499,900
9,364,000
19,686,000
2,331,000
10,000,000
3,472,973
1,832,760

1,000

1,000
1,000

968,000

=

1,000

....

200
200

2,700,000
10,649,000
6,999,000

1,000
1,000
1,000

....

•

1,135,300

100 Ac.

1867
•

79,000
182,400
967,200
134,400

£100
£500

Philadelphia, Office.

Q.-J.

4 A 6
6
6
5 g.
6
7
6
7
7
G g.
6 g.
7
6
6 g.
7
6
6
6 g.

1,510,500

1,000

Storks —Last

Whom.

When

2Lj
3*2

1,551,800
1,800.000

1,000

j Where Payable, and by

Payable
Q.-J.

Rate per
Cent.

$32,726,375

line, Philadelphia to Mount

Philadelphia d Reading.—Main

Amount

Dntstan&ing

$50

•

....

21
26
112

m

cons,

•

1880
1843-9
1857
1836
1843
1867
1868
1868
1871
1871
1871
1873
1873
1874
1876
1879
1877
1877
1878
1872-4
1872

9 m m m

Pitts. C. d St. L.—1st m.,
;
2d mortgage
Col. A

•

•

do
do
do

do
do
do

••

•

-

Debenture

Plain bonds,

’

•

•

.

745
750

1879
bonds, 6 per cent cur’cy scrip
Gen. mort. and Perkiomen 6 per cent ster’g scrip
Bonds for Berks Co. Railroad
Coal A Iron Co., guar. mort. (for $30,000,000). .
do
debentures, guaranteed
Philadelphia Gennanloicn d N orristown—Stock. ..
Philadelphia Netvtown d New York—Stock
Bonds, guar, by Pliila. A Read., coup
Philadelphia d Trenton—Stock
Philadelphia Wilmington <£ Baltimore—Stock
Income

•

•

—

Preferred stock
Receivers’ certificates

Loan
do
do
Loan
Loan

•

1 Limas—princi¬

INTEREST OR

50

•

•

Philadelphia d

immediate notice of any error discovered in tliese Tables. Due,
DIVIDENDS.
pal, When

Miles Date Size, or
of
I
Par
of
Road. Bonds Value.

&c., see notes

1
explanation of column of tables.
headings,
011 first page

I

xlvii

AND BONDS.

KAILROAD STOCKS

Y., 21 Cortlandt St.
(to
do

Jan.. 1890

Philadelphia Wilmington d Baltimore.—Philadelphia, Pa., to Balti¬
Md., 96 miles; Port Deposit Branch, 4miles; Southern Division to
Rodney & Newcastle, Del., 12 miles; total,main line and branches, 112

more,

miles; Delaware

207 miles.
purchased and is held by

Railroad (leased), 95 miles; total operated,

road.

Owns over half the stock of the Phil. A Balt. Central
In April, 1881, nearly the whole
was
Penn. RR. Co. Operations and earnings for five years

stock

Miles.

Years.

Ill
112
112
112
112

1877-8...
1878-9...

.

1830-81

.

past were:
Gross
Net
Div’d
Earnings. Earnings, p. ct.
8
59,160,438 42,089,750 $2,916,250 $1,161,216
60,504,494 46,080,501
2,660,446 1,095,103
8
1,282,178
8
62,102,597 58,146,546 2,849,919
Passenger Freight (ton)
Mileage.
Mileage.

3,263,110

1,366,223

8

3,551,881

1,231,081

8

289, 422; V. 33, p. 218; V. 3 4. p. 59.)
and after paying 10 per cent dividends for some years ceased to pay
Pittsburg Cincinnati d St. Loris.—December 31, 1880, owned
after January, 1876. The company was unable to meet all its obliga¬
from Pittsburg, Pa.,
to Columbus, Ohio, 193 miles; branch to
tions, and in March, 1877, holders of the general mortgage bonds and
Cadiz, Ohio, 8 miles; total, 201 miles.. This was a consolidation
Periokmen guaranteed bonds agreed to take one-half their coupons for
of several companies, May 1, 1868, including the Steubenville A
three years in 6 percent scrip; and holders of convertible and debenture
This company is controlled
Indiana and the Pan Handle roads.
bonds to take 6 per cent scrip in payment of their coupons for live years
by the Pennsylvania Company, through the ownership of a majority of
The scrip is convertible into income mortgage bonds.
its stock. This company also holds leases of the Little Miami and its
In May, 1880, the company suspended payment, and on May 21
Franklin B. Gowen. Edwin M. Lewis and Stephen A. Caldwell were dependencies and of the Columbus Chicago A Indiana Central road,
which are operated by the Pennsylvania Company, and their earnings
appointed Receivers of the railroad and coal companies. (SeeV. 30, p.
567.) At Philadelphia, July 1, a Dill was filed for the foreclosure of the separately stated. Common stock, $2,508,000; first preferred, $2,929.general mortgage of 1871. Interest was paid in full only on the consoli¬ 200; second preferred, $3,000,000. Gross receipts in 1880, $1,339,448;
Loss on leased
dated mortgage of 1871 and prior mortgages. Certain interest was paid net, $2,048,722 ; surplus over interest, &e., $993,798.
lines, Ac., $160,512; net profit, $833,286. The interest on the second
on the coal land mortgages at reduced rates, and the July, 1881, coupon
on the general mortgage was paid Feb. 10, 1882.
The contest as to the mortgage bonds, due from October 1, 1875, to April 1, 1878, inclusive,
annual election, the litigation as to the bond schemes, Ac., the defeat of was paid in 1SS0.
The annual report for 1880 was published in the Chronicle, V. 32, p.
Mr. Gowen in 1881 and his success in January, 1882, have been referred
498. Comparative statistics for four 3-ears were as follows :
to at much length in the Chronicle on the pages indexed below.
INCOME ACCOUNT. *r
Prices of Philadelphia A Reading stock in Philadelphia, have been:

April

3558_
325*SOSg30V

-

May.

-

June

.

The annual

p.

...

26%- 26
-

....

-

28 34
253s
26k>
28

337s- 295*
363s- 29*2
3714- 3078
313s- 3214

October
Nov’ber
Dec’ber..

report for 1880-81 was

355*- 3134

published in the Chronicle, V. 34,

30.

The following table shows a comparison between
two years’operations. Tim earnings of the railroad
fiscal year ending Nov. 30, were as' follows:

1S79-80.

,

1877.

301-2- 2S1e

July.
August.
Sept’her

3-1^2- 25

3358-29 %

the results of the
company for

the

•1880-81.-

Gross

Net

Gross

Net

Earnings.

Earnings.

Earnings.,

Earnings.

$7,691,395

Railroad traffic...$16,938,886
Canal traffic
873,244
Steam colliers
607,646
Richmond barges
100,627

455,827
223,589
2,444

.

$18,612,410

919,105
667,153
80,544

$8,122,493
439,468
287,770
2,710

$18,520,103 $8,373,255 $20,279,244 $3,852,443
The joint statement of the railroad and the coal and iron companies,
showing the earnings and expenses, the fixed charges for interest,
oir.TT.n.'l
rentals and sinking funds, and yearly profit and -~
loss from 1875 to 1881,
both inclusive, were given as follows in the report:
Int. & Sink’g
Net
Gross
Op. Exp. and
Total

,

Year.
Revenue.
1875.. $24,038,932
1376..

26,392,5S6
24,508,324
22,022,419
26,937,886
32,177,003

1877..
1878..
1879..
1880..
1881.. 35,286,463

„

Rentals.

Revenue.

Funds.

Deficit.

$19,989,430
23,539,039
20,758,403

$4,049,502
2,353,540

$5,863,918

$1,814,415

18

,428,092
23,493,880

3,749,$20
3,594,327

3,444,005

26,682,024

5,494,973

28,598,114

6,088,343

5,892,792
6,392,407
7,012,442
7,052,760
7,542,073
7,466,092

3,039,246
2,642,480
3,413,114
3,608,754
2,047,094
777,743

“(J-32, p. 10, 17, 44, 70, 101, 122, 156, 184, 206, 232, 289, 313,

336,

Philadelphia Germantown <£• Norristown.—Philadelphia, Pa., to Norris¬
town, Pa., 17 miles; Germantown Branch, 3 miles; Plymouth Railroad,
9 miles; total, 29 miles. The property was leased Nov. 10, 1870, to
Philadelphia & Reading Railroad for 999 years at a rental of $209,623
and $8,000 yearly for organization expenses. Dividends ot 12 per cent
per annum

are

regulariy paid.

Philadelphia Newtown d New Yjprk.—From Newtown Junction to
Newtown, Pa., 22 miles. Capital Stock, $1,200,000. On November 10,
1879, the Philadelphia A Reading Railroad purchased 12,012 shares,
giving control

and guaranteed the bonds.
Philadelphia d Trenton.—Philadelphia, Pa., to Morrisville, Pa., 27
miles. Oil Dec. 1, 1871, it was leased with the United Companies of
Now Jersey to the Pennsylvania Railroad, at 10 per cent on stock, ancl
is |operated as a
part of its New York division.




of the prjjpcrty,

Receipts—
earnings
Rentals and interest.
Net from leased roads
Net

All other accounts

...

1878.

$

$

1,186,763

1,599,562

1880.
*8

1879.

$

1881.

1882.

1881.

1882.
Jail
Feb
March

-(V. 32, p. 68, 232, 266,

1,075,019
10,612,103

449,688
+461,839

8,227,514

.

14,022
711,466

24,854

10,230
500,072

*

2,123,144

2,032,682
16,041
647,858

833,625

2,696,581
$
801,048
842,480

136,980

174,944

105,000
65,200

105,000
16,144

105,000

33,693

412,002

745,868

2,123,144
8,227,514
Exclusive of Col. Chic. A Ind. Cent.
t Includes—Sale of preferred stock St. Louis

2,325,050

2,696,581

Total income
Disbursements—
Rentals paid
Interest on debt
Other
Miseel 1 ail’s accounts
Hit. on C.A M.Val.bds
Loss 011 St.L.V. A

T.H.

Balance, surplus

2,325,050
•15
821,299

$

$

828.127

820,123

669,790
132,944

669,790
75,848

283,390

116,496,956
105,000

46,375
13,422

Total

27.241

*

Vandalia A Torre Haute,

of certain liabili¬
canceled and sur¬
rendered by Pennsylvania Co.
Tf Includes—Reduction of second mortgage bonds, $2,500,000; reduc¬

$200,000; sale Union Depot bonds, $186,000; amount
ties canceled and surrendered by Pennsylvania Co., $5,866,721.
t Includes $180,400 bills payable of this company,
tion of bills payable, $2,509,221.
GENERAL BALANCE AT CLOSE OF EACH
1878.
1S77.

Assets—

$

■

Railroad,cquipm’t, Ac 19,942,295
Stocks owned, cost...
Bonds owned, cost...
Betterm’ts to l’sed r’ds
Bills A acc’ts rec’vablc

Materials, fuel, Ac ..
Cash ou hand
Add’ns to Cin. S. C.Ry
Profit A loss balance.

85,498
317,855
644,952

1,158,840
454,013
59,316
64,639
329,178

$

19,942,295

FISCAL YEAR.
1879.

$

19,942,295

19,942,295

58,398
317,855
660,293

57,298

317,855
651,671
1,361,789
517,928

92,312
64,639
291,868

1880.

$

4

1,202,433
541,607
.

237,513
64,639
37,504

*58,399

*283,000
706,241
1,076,528
625,859
462,183
64,639

23,056,586 23,297,655 23,062,567 23,219,144
$
$
$
$
2,508,000 2,508,000 2,508,000 12,508,000
5,929,200
5,929,200 1*929,200 15,929,200
Stock, preferred
Bits. (see Supflem’t). 12,508,061 12,497,000 12,497,000 12,497,000
956,898
784,754
721,954
726,893
All other dues A acc’ts
S88,783
889,060
888,SOS
891,1S9
Due Little Miami RR.
184,601
184,601
184,601
184,601
Due C. C. A I. C. RR..
Stocks and bonds as follows: Little Miami, $1,100 stock, $8,000
bonds; Little Miami Elevator stock, $20,000; C. C A I. C. bonds, $275,000; Union Depot, Columbus, stock, $20,000.
is Steub. & Ind-

Total assets
Liabilities—
Stock, common

__

„

1 Of which $486,150 common
stock unconverted.

and $3,500

preferred

confer a great fiivor

Subscribers will

DESCRIPTION.
For

headings, &c., see notes
on first page of tables.

explanation of column

Bradford d Buffalo—1 st mort.,coup.. g’kl
pittsb. <b Gonnellsville.—l&t mortgage.
1st
do
Turtlo Creek division
Consol, mort., guar. B. A O. (s. f. £7,200 pr. yr.)..

Pittsburg

d Chicago—Stock, guar
Special improvement stock, guaranteed
1st mortgage (series A)...

Pittsburg NY. Wayne
1st
'

*

lsC
1st
1st
let
2d
2d
2d
2d
gj

3d

C
D
E

F
G

...

...

...

...

31...
T
K
L
M

Pittsburg, Ft, Wayne

187609.

...

...

...

...

-1st mortgage
coup

Portland d) Ogdcnsb— 1st mort.,
Mortgage ifor $3,000,000)

149
10
149
468
468
468
468
468
468
468
468
463
463
468
468
468
463
468

gold

Conway—Stock

Po~t?mouth Gt. Falls d
1st mortgage...

137S.

1-77.

$

$

262,500
53,210

262,500
70,618

23,056,586

23,207,655

Conn. bds.

Miscellaneous
Profit & loss balance.

Total liabilities.

.

Amount

Par

1 000
100 Ac.
£200

$100
100

1871

500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 &c.
500 Ac.
500 Ac.

1862
1863
1862
1862
1857

o g.
7
6
6 g.

13*
1;4
7
7
7

875,000
875,000
875,000
875,000
375,000

500 Ac.

1862
1862
1862
1862
1862
1862
1862
1862
1862

per
Cent.

$800,000
4,000,000
32(5,600
6,500,000
19,714,285
6,770,900

$1,000

1859
1876

J*ato

Outstanding

Value.

1881
1868

860,000
860,000

7
n
4

875,000

7

860,000

7
7
7
7
7
7
7
7
8

860,000

860,000
860,000

876-910

2,000,000

1874
70
70
30

500 Ac.
500 Ac.

1,000
1,000

100,000
1,000,000

50

2,050,000

1878

1,000

2,000,000
1,583,000

1,000

2l‘

-

23
112

100
100
500
100

724,276
250,000

Ac.
As.
Ac.

2

f...

1877

Buffalo .—Road in progress (narrow gauge) from
to* Clarion and thence to Kane, Pa.^ 103 miles,
in I)ee., 1881. Bonds issued at $8,000 per
mile.
Stock authorized, $1,000,000, par $100; issued, $550,000.
Marcus Ilulings, President, Oil City, Pa.
(V. 33, p. 359, 736.)
Pittsburg d• Connells^ille.—Pittsburg, Pa., to Cumberland, Md.5 150
miles; branch, 2 miles; leased lines, 22 miles; total, 174 miles. On
Pittsburg Bradford d

Foxburg and Emlenton
of which 88 were finished

.

•

•

1, 1928

July
July
July
July
July
July
July
July
July
July
July
July

1,
1,
1,
1,
1,

3. 1882
3. 1882

1912
1912
1912
1912
1912

1. 1912
1, 1912
1, 1912
1, 1912
1, 1912

1,
1,
July 1,
Jan. 1,
Meh. 1,

1912
1912
1912
1887
1884

July 1, 1928
April 1,1902

New York.

July 1, 1921

•

-

JanJan.
Jan.

•

.....

800,000
268,000
525,000

A
A
A
A

J.
J.
J.
.\I.
•

3
3

•

•

Jan. 1, 1899
Jan. 1, 1899
Jan., 1900

J. N. Y., Office, 252 B’wny.
do
do
J.
J. Portland, Trcas. Oiiice.
do
do
N.

Nov., 1901

•

Boston, OK ice.
J. A J.
J. A J. Boet., Eastern RR.
do
do
,T. A D.

Jan,

16,1882

Co. July 15, 1873
|

$1,041,063; net, $151,023. (V. 33, p
Birmingham Pa., to Monon^aOf the bonds. $500,0001876 were $40,346; in
$27,081.
Pitt-iburg d5 Western.—'Tho mortgage was executed 0 4. 1, 1831, to the
Mercantile Trust Co., covering tho projected line from Allegany City,
Pa., to Youngstown, O., and Newcastle, Pa., to lied Bank, Pa., and
Junction to Parker, Pa. Also the rights secured by the contract of the
Wabash, Central of New Jersey and Rochester A i’ii tsb. combination.
$442,214.

In 1881 gross,

62, 101 ; V. 34, p. 59.)
Pittsburg Virginia d Charleston.—From
hela City, Pa., 30 miles. The stock is $676,613.
are owned by tire Penn. HR.
Net earnings in
1877, $34,640; in 1878, $52,298 ; in 1879,

$

498.)

April 1, lDll
July, 1898
Aug. 1, 1882

N.Y., Chemical Nat. Blc.
Philadelphia.

A J.

m

m

rn

6 g.
5 g5 g*
o g.

770,000
1.000.000

net,

262,500
01,810
97,051
23,002,567 23,219,144
262,500
65,500

J.
.

•

1,500,000

100
100
500 Ac.

1880.

J. A .T.
A. A 0.

»

1,500,000

Ac.

Dividend.

A 0. N.Y., Nat. Bk.Republic.
A J. Balt., Balt. A Ohio RR.
A A. Pittsb., First Nat. Bank
& J. London. J.S.MorganACo
Q.-J. N. Y., Winslow, L. A Co.
do
do
Q—Jdo
do
J. A J.
do
do
F. A A.
do
do
M. A 8.
do
do
A. A O.
do
do
M. A N.
do
do
J. A I).
do
do
J. A J.
do
do
F. A A.
do
do
M. A 8.
dodo
A. A O.
do
do
M. A N.
do
do
J. A D.
do
do
A. A O
do
do
J. A J.
do
do
M. A 8.

6 g-

(?)

Whom.

A.
J.
F.
J.

500,000

50

-

1878
1878
1370
1871

1870.

$

.L.

When

Tables.

Bonds—Piindpal,When Due.
Whero Payable, and bv Stocks—Last

Payable

0 g.
7 g.

4,000,000

.

1,000

1831

60
94
52L.
51
71
71

Portland d Rochester—Stock
Portland Saco d Portsmouth—Stock

—(V. 32, p. 155,

88

$6,000,000)

Port Bengal d A ugusta
Income mortgage bonds,

Size, or

Date
of

Road. Bonds

■

Pittsburg d Lake FHc—Stock
1st mortgage, gold, coupon
Piitsb. Ya. d Charleston—I st mortgage, gold
Pittsburg Youngstownd Chicago—&took
Pittsburg d IFe.vtern.—1st mort., g. (for
Pomeroy d State Line—Stock
Port Jervis d Montieello—Stock

Cin. Street

Milos
of

[Vol. XXXIV.

BONDS.

immediate notice of any error discovered in those
INTEREST OR DIVIDENDS.

by giving

A Chic, construction bonds.

(renewed)

Equipment bonds

cou¬

pon, but may
he made pay--1
able to order.

...

do
do
do
do

all

Eonds

...

do

do
do

2d

B

do
do
do
do
do
do

do
do
do
do
do
do
do
do
do

do

4fc-V4

STOCKS AND

RAILROAD

xlviii

Pittsburg Youngstown d•

Chicago.—{X. 33, p. 75.)

Pa., to Delaware State line, 21
leased U> the Pennsylvania
On August 12, 1879, the road
and this company organized, ns

Pomeroy d Slate Line.—Pomeroy,
miles. The former Penn. & Del. HU. was
Railroad, with net earnings as rental.
was sold in foreclosure for $100,060,
owners ot this pail of the road, which connects

with the "Newark A Del.
leased to the Baltimore A Ohio
January 1,1S76. The rental is interest City HR., 17 miles. Strickland Kiienss, President, Philadelphia.
annual sinking fund. The city of Port Jowls d Montieello.—Sept. 30, 1830, owned from Port Jervis. N.
Baltimore transferred its interest to the Baltimore A Ohio Railroad for Y., to Montieello, N. Y.. 24 miles.
Formerly the Montieello & Port
$1,000,000, and the consolidated sterling mortgage was made and guar¬ Jervis Eli., which was sold in foreclosure July 10,1875. and reorganized
anteed by the Baltimore A Ohio. It is operated as the Pittsburg Division
the present Port Jervis & Montieello. Gross earnings 1878-9, $25,806;
of the Baltimore A Ohio Railroad. In February, 1880. a judgment in net. $1,616; gross
;net. $6,515. Tho
favor o Baltimore A. Ohio Company was confessed for $-1,354,748.
8tock is $724,276, issued earnings in 1879-80, $29,128mortgage bonds. stock
to the former holders of first
is $1,955,741. In 1879-80 the net earnings were $1,011,827.
Port Royal d Augusta .—lane of road, Port Royal, S. 0., to Augusta, Ga.,
Formerly Port Royal Railroad. Defaulted Novi 1, 1873,
Pittsburg Fort Wayne d Chicago.—Pittsburg, Pa., to Chicago, Ill., 468 112 miles.
miles. The company made default Oct. 1,1857, aiid again lii 1859, and and receiver appointed May 9, 1875. Sold in foreclosure June 6, 1878,
and purchased for the bondholders, who organized this company. Tho
was foreclosed Oct. 24, 1861, and reorganized under this title Feb. 26,
1862. On June 27, 1869. the company leased all its road and property Georgia Railroad was endorser on $500,000 of the old bonds. In Jan.,
’81, 2 per cent for 1879 was paid on incomo bonds. The new stock is
to the Pennsylvania Railroad at a rental equivalent to interest, sink¬
ing fund of debt, and 7 per cent on $19,714,286 stock, which was $750,000, and in June, 1881, a controlling interest was purchased by
increased at that time from $11,500,000. The lease was transferred Central Georgia RR. parties. There are also $50,(4)0 equipment bonds.
subsequently to the Pennsylvania Company. The lessees are, to keep The roport for 1880gave earnings, &c., compared with 1879, as follows:
1880.
1379.
the road in repair and also pay taxes, expenses, Ac. Tho Pittsburg Ft.
$3* 9,634
Wayne & Chicago leases the Newcastle & Beaver Valley and the Law¬ Gross earnings
$242,722
222,634
rence roads, which in turn are leased again by the Pennsylvania Com¬
Operating expenses
193,355
pany. .Of the 1st mortgage bonds, $1,196,000, and of the 2d mortgage
$1,258,000, and $399,813 cash, were held in the sinking funds Jan. 1,
Net earnings
$49,366
$87,000
1881. The special improvement, stock is Issued to Pennsylvania RR.
The roport states: “ It was found necessary to increase the rolling
improvements, Ac., under article 16 of lease, viz.:
stork and motive power during the past year by the addition of new
“Article 16. The party of the first part hereby agrees that, for the
and a locomotive, and lor this purpose ‘equipment'bonds’have
Turpoec of enabling the party of the second part to meet the obligations
of the party of the first par t to the public, by mailing from time to time been issued to tho amount of fifty thousand dollars ($50,000). bearing
such improvements upon ana additions to the saia Pittsburg Fort Wayne 8 per cent interest, and payable at the rate of ten thousand dollars
& Chicago Railway, in the extension of facilities for increased business ($10,OoO) a year after the year 1831. These bonds are secured by a
by additional tracks and depots, shops and equipments, and the substi¬ purchase money mortgage upon the equipment purchased and con¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron structed with the proceeds, made to Janies D. Fisk, Esq., Trus¬
“Since last annual meeting improvements have been
rails, the party of the first part will issue, from time to time, a special tee.” * * *
stock, which shall bear such name as shall bo hereafter agreed upon, or progressing at Port Royal. The Augusta A Port Royal Compress Com¬
bonds, or other securities, which shall bo issued in such form as mar, pany have completed their large Taylor Compress, which is now in
from time to time, be found to be most available with respect to economy operation, and they have loaded several large English steamships with
of interest and negotiability, and shall be consistent with the legal cotton for Europe, and others are now at the compress wharf receiving
powers of the party of tlic first part and the rights secured by these cargoes.” (V. 32, p. 356; V. 83, p. 589, 621.)
Portland d Ogdensburg.—Sept. 30, 1881, owned from Portland Me.,
presents, which special stock, or bonds, or other securities, shall be
issued on the conditions following: The said party of the second part
Fabyans, 91 miles. It reaches the Vermont Division (now St. Johnsshall guarantee the payment, semi-annually or quarterly, thereon of
ury A Lake Champlain) by using 14 miles of the Boston Concord A
6iich rate of interest as may be agreed upon between the parties hereto,
lontreal RR. and a 3-milo link of its own. The eitv of Portland owned
to be paid by the said party of the second part to the holders thereof
controlling interest in the stock, which is $1,052,186. A suit in
without deduction from the rent hereinbefore reserved; and the said
quity was begun by holders of tlie 1871 mortgage in February, 1881,
ut contested by the city. Earnings of this road for live years past
special stock, or bonds, or other securities, shall be issued only in respect
to improvements of and additions to the said railway whioli, and esti¬
NetEam’gs
as follows:
mates and specifications of which, shall have been submitted to and
Gross Enrn’gs.
Miles.
$69,131
88,574
$262,761
94
approved by tho said party of the first part in writing; and all such
92,295
94
270,783
improvements or additions shall be made in such manner as shall be
102,695
94
271,493
approved by the said party of the first part. The. party of the first part
91.077
shall not at any time, during the term aforesaid and the continuance of
94
292,659
this lease, make or issue any bond or obligation, in addition to the bonds
304,245
94
hereinbefore specified, except subject to this lease, w'ithout the consent
(V. 32, p. 206; V. 34, p. 113 )
in writing of the said party of the second part first had and obtained
Portland d Rochester.—Sept. SO, 1881, owned from Portland, Me., to
thereunto.” "
;ochester, N. EL, 53 miles. The old company was put m the hands oi
The lease has been profitable to the lessees. Of tho 1st mort. bonds only
Receiver February, 1877. Foreclosure suit was begun, but a
$4 ,054.000 were outstanding Dec. 31, 1880, and of the 2d mort. only
lent was made iu 1881 by which all tho old stock and bonds
$3,902,000, the balance being in the sinking funds. Operations and
erted into the stock of the new company. Gross earnings m 18/J-bo,

December 13 1875,

the property was

Railroad, and oossession given
on the debt and £7.200 sterling as an

as

or

cars

a

,rcrc

ears.

earnings for five years

past were as follows:

Passenger

Miles.
Mileage.
468 107,790,180
468
76,466,488
468
77,819,493
468
86,406,476
468 104,287,111
—(V. 32, p. 6 77.)

Years.

Freight (ton)
Mileage.
567.572,005

Gross

Net

Earnings,

Earnings.
$7,853,848 $3,066,687
439,098,281
7,020,545 3,956,147

7,872,476
803,053,260
8.461,563
806,257,399 lu,096,819

637,470,506

5,529,085

Biv’d
p.

ct.

7

7

7

3.720,2ft8

7

4,778,210

7

1831, owned from Pittsburg, Pa , to
line to Newcastle. Pa., 2 miles; total,
70 miles. Opened Feb. 1,1879. On Dec. 31, 1881, equipment notes and
temporary loans were $403,99j. Gross earnings in 1880, $841,256;
Pittslmrg d Lake Erie.—Dec. 31.
Youngstown, O., 68 miles; branch




(V.
Portland Saco d Portsmouth.--Portland, Me., to Portsmouth, N. H.. 5
leased May 4,1871, t# the Eastern Railroad, Mass., at lO

162,633; net, $24,728. In 1880 81 gross,
2, p. 181; V. 33, p. 161; V. 34, p. 175.)
It was
cent, on stook.
cent. No dobt.

dies.

$168,323 ; net, $1^,034

ana now o
t
Portsmouth Great Falls d Conway.—Comvoy Junction, Mo., to North
onway, N. II., 71 miles. The Eastern Railroad in Miweftohusetts has
lade
» lease of the road for 60 yaars from December l, 1878,

er

er

Lease rental

a

nteed rental of

cent on $1,006,
dividends as_the stock o

which pays 4 3> per

stock is to receive the same
Total stock, $1,15^300, of which

onds, and the
ssces.

$45,000 a year,

changed May 21, 1^7 /,

lessees own $551,300.

1882.J

February,

Subscribers

will confer a

of

&c., see notes

11
42
23
67

Dover—Stock
Poughkeepsie Hartford d Boston— 1st and 2d mort.
Providence d Spring/.—1st M. tend, by City Prov.).
providence d Worcester—Stock
Raleigh d Gaston— 1st

Saratoga—Stock
$2,000,000)
Rhinebeck d Conn— 1st mortgage, gold
Richmond d Alleghany—1st mortgage, gold
Second mortgage
Richmond d Danville—Stock

1876-90.

r. .

100 &o.
1.000
100 Ac.
100

.

100
....

....

100 Ac.

1867
1874
1882
18b8
1873
1873
1880

1,000
1,000
1,003
1,000
1,000

1,000
•

•

•

•

• •

....

•

•

1

•

mom

100

•

1,000

1870
1875

500 Ac.

1881
18S1
18S1
1881 1

120
120
....

1,000

..

....

I
I
I

•

•

....

....

25
25
25
100
108

350,000

....

1,000
1,000
1,000

1

Whom.

Dover.—Portsmouth, N. II., to Dover, N. II., 11 miles
Opened February 1, 1871, and leased for 50 years to Eastern of New
Hampshire at 6 per cent per annum on the stock. Operated now by
Eastern (Mass.) A suit as to rental was decided April, 1880. Frank
Jones, President, Portsmouth, N. H.
Poughkeepsie Uartford d Boston —Sept. 30. 1880, owned from Pough¬
keepsie, N. Y., to New York State Line, 47 miles. The Poughkeepsie &
Portsmouth d

4,000,000
420,638
1,228,100
2,910,000

A J. N. Y., Treasurer

6

1876-90

500,000
500,000
900,000

400,000
58,216
316,594
150,000
300,000
1,009,300
125,000
75,000

J A J.
M. A N.
J. A J.

A. A O.
A. A O.
J. A J.
M. A N.
6
6 g. J. A J.
6, 7 A 8 Various
8
I J. A J.
6
M. A N.
3
! J. A J
8
! A. A 0.
M. A N.
C A 7

do
do
do
do
Richmond.

do
do
do
do

July 1, 1892

1, 1882
Nov., 1921

Jan.

May 1,’85 A’90
”

1915

1927
1888
1902
1894
IS 90
1885

1881-1890

Richmond, Office.
do

Jan. 2, 1882
1882 to ’86

Richmond, Office.
do
do

do
do
N.

■

,

Y., Union Trust Co.

6 g.
6

160,000!

7

1890
1901

Phil.,Townsend W. A Co.
do

1882

1880

do
do
London.

F. A A.

6

1898

Jan.,

Meh. 1, 1882
June, 1884

of Co. July 1, 1920

N.Y.,Mere’ntile Nat.Bk.

8
6
8

5.000,000
1,300,000
1,870.000
2,400,000
3,200.000

Jan. 2, 1882
1897

Feb. 15,

Q.-F.

3
6
6
6 g.

4,000,000

July 1, 1892

J. A J. Providence,Am. Nat.Bk
J. A J.
Providence, Office.
do
do
jJ. A J. Phil a.,Pa., A Ral’glgN.C.
M. A S. N. Y., Union Nat. Bank.
J. A D. Columbia, First Nat.B’k
Phila., Co.’s Office.
J. A J.
J. A J. N. Y., Nat. B’k Com’rce.
M A N. N.Y., Del.A H.Canal Co.
J.

1, 1882

Jan.

Portsmouth, Treas,

A J.

729,000

•

•

350,000

.

....

•

820,000
650,000

800,000
4,925,000

....

•

1,242,000

7,000,000
1,925,000

•

1880

J.

Stocks—Last
Dividend.

Payable, and by

Payable

3
7
3
6
8
7
7
7
4
7
7
7 g.

pal,When Due,

Where

AVhen

Rate per
Cent.

$769,000
535,000
500,000
2,500,000

1,000

1871

• •

Outstanding

1,000

....

• •

.

Income bonds.
Equipment bonds

....

Amount

1,000

s« ••

coupon

Ter. R. & TF. Co.—Stock
Rochester d Pittsburg.—1 st mortgage
Incomes (non-cumulative)..
1st mortgage, extension, gold

100

1873
1862
1864
1873

48
29
38
38-

Petersburg—block

Richmond d West Pt.

1,000

1877

....

Iredericksburg d Potomac—Bonds, ster...
Dollar loan
Counou bonds of 1800
Coupon bonds of 1901
mortgage

....

....

141
141

Rich’d

1st mortgage,

$100

m

1872

....

bonds
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar
Richmond York River & Ches., 1st mortgage
do
do
2d mortgage

New

m

189

Debenture

Richmond d

m

....5

consolidated, coupon or registered.
niort., gold (for $0,000,000)

General

Value.

....

97
40
40
15
181
79
35
250

mortgage
mortgage, coupon

fund loan

m

....

Reading d Columbia— 1st
2d mortgage, coupon
Lancaster & Reading, 1st mortgage
Rensselaer d
1st mortgage, consolidated (for

State sinking
3d mortgage,

Par

Road. Bonds

Portsmouth d

Bonds—Prinei

INTEREST OR

Size, or

Date
of

Miles

r——of column headings,
* or
on first page of tables.

immediate notice of any error discovered in tliese Tables.
DIVIDENDS.

great favor by giving

DESCRIPTION.

New bonds

xlix

KAILROAD STOCKS AND BONDS.

May

1. 1915

Feb. 1, 1921
Feb. 1. 1921
1921

i

•

Richmond d Danville.—Sept., 1881, owned from Richmond, Va., to
Danville, Va., 141 miles; branches, 12 miles; Danville, Va., to Greens¬
boro, N. C., 47 miles; Salem Junction to Salem, 25 miles; leased : West

miles; Goldsboro, N. C.. to Charlotte, 223
Atlanta, 269 miles, and narrow gauge
branches, 70 miles; total owned and leased, 825 miles.
By ownership of a majority of the stock of the Richmond A West
Point Terminal Railway A Warehouse Company, the Richmond A Dan¬

Point, Va.. to Richmond, 38
miles; Charlotte, N. C., to

the following
191 miles; Columbia,
1S75
A Greenville aud branches, 226 miles; Spartanburg Union A Columbia,
ticufc
68 miles; Northeastern of Georg a, 40 miles; Western N. Carolina Rail¬
were £51,844 and expenses $43,329.
In 1S79-80, earnings, $50,101 ; road, 186 miles; Asheville A Spartanburg, 67 miles; Virginia Midland
expenses, $50,012. G. P. Pelton, President, Poughkeepsie, N. Y.
Railway, 401 miles; total miles thus indirectly controlled through R.
A W. Pt. Ter’l R. AV. Oo., 1,132 miles; grand total of miles directly and
Providence d Springfield.—Providence, It. I., to Fascoag, 23 miles. It indirectly controlled by Richmond A Danville RR. Co., 2.009. The
u.u
gross officers are as follows: President, A. S. Buford; Vice-President, T. M.
1.1.
Logan: Second Vice-President, A. Y. Stokes; Treasurer, AV. E. Turner;
Secretary, Richard Brooke, all of Richmond, Va. The gross income for
quarter ending December 31,1882, was $1,130,613 and net $540,401,
Providence d Worcester—Sept.30, 1831, owned from Providence, R. I.,
leaving $235,259 over interest and rentals. The annual report for 1881
to Worcester, Mass., 41 miles; branches, 7 miles; leased Milford & Woon¬
in the Chronicle, V. 33,
socket RR. and Hopkinton RR., 15 miles; total operated, G6 miles.
In was publishedaccount was as follows in p. 714.
The income
four years past:
1881 new stock for $500,000 issued for improvements, and stockholders
INCOME ACCOUNT.
have the right till July 1,1881, to take one new share d par for each four
1SS0-81
1879-80.
1878-9.
1877-8.
shares owned
Operations and earnings for five years past as follows:
$
$
East

tx

Passenger

Mileage.

Miles.
66
1876-7..
66
66
66
1879-80
66
1880-81

Ye ifs.

13,592,849

..

13,971,108
13.753,392

..

..

Freight (ton)

Mileage.
18,862,705
17,916,241
19,286,814

23,669,729

15,941,739

..

..

p.

206;

V. 33, p.

Earnings.

$904,635

$245,299

865,792
914,476
1,064,801

285,731
364,049
332,813

1,039,671

Net earnings
Preiii. on bonds
Bonds R. Y. R. A C..
Bonds A st’k A. A C...

Earnings.

303,457

Raleigh d Gaston..—From Raleigh to Weldon, N. C-. 97
$1,500,000. Dividend of 3 per cent paid October, 1831.
five years past were as follows:
Gross
Earnings.
Earnings.

Miles.
Miles.

Years.

97
97
97
97
97

s

$261,142

'

242,245
234,511

242,478
295,051

Net

Earnings.
$96,110
88,701

85,750
107,185
115,343

Reading d Columbia.—From Columbia to Sinking Springs, Pa., 40
miles; branches, 12 miles; Lancaster A Reading Railroad, leased, 15
miles; total operated, 67 miles. Stuck, $958,268. The road is controlled
and operated by Philadelphia & Reading, but accounts kept separate.
Gross earnings in 1881, $394,184 ; net earnings, $138,794; payments for
interest and rental, $94,500.

22,108
22,740

21,2 48

28,100
90,000
259,730
13,656
103,441
30.054

531,218

806,539

854,180

1,489,299

320,000
244,570

245.234

320,000

320,000

320,000

252,410

246,444

18,995

9,745

115,992
16,484

51,200

10,604
10,151

63,005

5,475

642,635

587,499

637,320

703,185

Def. 111,387 Sur.219,090 Sur 216,860

Sur.786,114

fuuded debt..

Dividends
Int. on

3,997

-

Disbursements—
Rentals paid
on

964,318

42,542

’

Total income

Int.

736,393

19,868

'‘'li.'l'io

Miscellaneous
Interest

miles. Stock,
Earnings for

741,873

29,125

Netear’gs R.Y.R.AC

561.)

$•

$
489,474
1,529

Receipts—

Net

Gross

ville Railroad Company indirectly controls and operates
lines of railway: Charlotte Columbia A Augusta,

floating debt.

Miscellaneous
Total disb’nts

Balance

385,

(V. 32. p. 154. 367. 422. 469, 488; Ar. 33. p. 66, 100, 102, 125,
404, 413,461, 491, 5S0, 714; V. 34. p. 87, 178.)
Richmond Fredericksburg d Potomac.—From Richmond, Va., to Quali¬
ties, 83 mites. In Nov., 1881, there were voted dividend
on
$755,039 to be issued to holders of common stock (70 per
share), to represent money spent on the property out or earnings.
common stock is $1,030,100 and guaranteed stock is $500,400.
Gross

certificates for
cent
each
Tlio
Rensselaer d Saratoga— Sept. 30,1880, owned from Troy to Whitehall, earnings in 1879-80, $330,361; net, $155,718; in 1880-81. gross,
N.Y., 73miles; branches, Albany to Waterford, 12 miles; to Green Island, $406,927 ; net, $208,740. 2 per cent paid in January, 1382. (V. 32, p.
1
mile; to Glens Falls, 6 miles; to Castletown, Vt., 14 miles; to Rutland,
Vt., 62 miles; Balaton to Schenectady, 15 miles; total line and branches,
183 miles. It was a consolidation of several lines, and the Delaware &
Hudson Canal Co. leased the -whole March 1, 1871, at a rental of 8 per
cent on the stock and 7 per cent on the bonds. The earnings given
below include the New York & Canada Railroad (150 miles).
Opera¬
tions and earnings for four years past were as follows:
Years.

—

Passenger

Miles.

Mileage.

332
332
332
332

18,761,702
19,292.794

19,536,543
21,797,913

Freight (ton)
Mileage.

Gross

Earnings.

30,718,974
32,283,281

$1,826,942

38,809,900

1,911,465
2.470,367

54,333,707

1.823,360

Div.

Net

Earnings, p.e.

$660,195

8

754,346
506,782

8
8

1,160,344

8

(V. 32, p. 98.)

Rhinebeck d Connecticut.-Sept.

30,1880, owned from Rkinecliff, N.

Y., to Boston Corners, N. Y., 35 miles; leased, Boston Corners to State
Line, G miles; total operated, 41 miles. Stock. $0/9,300. Gross earn-

Richmond

Alleghany— Richmond to

voted.

were ottered, viz., for $10,0(K> cash, $8,000 m mort¬
bonds, $«*,000 in income bonus ana $10,000 in new stock. But.

$5,000,000 bonds
in

Januarv,

V.

33,

managers had
579, <>13, 686;
12, 48,102, 154,202, 226,305, 685,716; V. 34, p. 116. 190.)

1882. it appeared that, the Ohio Central
changed, and thus defeated the consolidation. V. 32, p.
p.




Passenger

Years.

—V. 33, p.

Miles.
25
25
25
25
25
623.)

Freight (ton)

Mileage.

Mileage.

2,097,594
2,016,684
2,176,390

1,576.263
1,594,070
2,047,430
2,405,878
2,746,449

2,281,321

2,457,017

G

Net

ros8

Earnings. Earn’gs.

$137,116

$17,271

140,069
154,622

62,553
73,071

164,198

79,099

185,905

85,926

Terminal Railway d Warehouse Co.—This com¬
incorporated by an act of the Legislature of Virginia of March
8,1880. It is the auxiliary corporation of the Richmond A Danville
syndicate controlling several stocks by ownership of a majority.
Its stock was placed on N. Y. Stock Exchange in November, 1881.
Richmond d West Point

pany was

published in the' Chronicle* V. 33, p.
following stocks, viz.: $2,550,000 Rich¬
$120,000 Northeastern Railroad of

Williamsons, Va., with branches Georgia, $3,166,300 AVcstcrn North Carolina RR., $100,000 Knoxville
A Augusta RR., $1,302,100 Charlotte Columbia A Augusta RR., $518,000 Virginia Midland Railway, $1,001,000 Columbia A Greenville RR.;

to Lexington, 250 miles. The company owns by purchase the property
and franchises of the James River A Kanawha Canal Co. The stock is
$5,000,000. In June, 1881, consolidation with the Ohio Ceu. was
Sec V. 33, j). 305. The road was to be extended t3 Ohio River 254 miles,
and connect with the Ohio Central. l or construction of River Division
gage

221e miles;

tne balance sheet was
>89. The company owned the
mond A Danville Extension Co.,

(V. 33, p. 102.)
d

30,1881, owned from Richmond to
branch, 2 miles; total, 24^ miles. The road
has earned moderate dividends aud the debt account is very small.
Operations and earnings for live years past were as follows i
Richmond d Petersburg.— Sept.

Petersburg, Va.,

mu

HHIHI

JlCli,

Hook, N. Y.

621.)

n<l the following

bonds.

bonds : $250,000 Richmond

A Danville general mort-

iV. 33, p. 589.)

Rjcheste dPittsburg—Dec.
Salamanca,
, Y., 108 miles.
.

31, 1880, owned from

Rochester, N.Y, to

Formerly Rochester & State

Line, which

Subscribers will confer a great favor

BONDS

STOCKS AND

RAILROAD

1

of any error discovered In tbese Tables,

by giving Immediate notice
tf

DESCRIPTION.
WJLA

on

first page

of tables.

18
108
91
409
97
190

Rochester d Qenesce Valley—Stock
Rock Island <£ Peoria—Stock
1st

mortgage
Rome Watertown d Ogdensburg—Stock
list sinking fund more, Wat. & E. (extended).
General mortgage, sinking fund....
2d mortgage
•Consol, moil, convert, till July, ’79, coup
Syracuse Northern (gold)

15768-S90

.

.

johnsbury

d L. Champlain—1st M.,ooi
Joseph d St. Louis—Stock
St. Joseph d Western—1st M. St. Joseph &
2d mortgage
Kansas Sc Nebraska, 1st mortgage
Kansas & Nebraska, 2d mortgage

St.
St.

'

.

76
112
112

Hastings A Grand Island, 1st mort

2

1st mortgage
Income bonds
St. L,ouis d San

207
207
207

©

cumulative
Eeok.—1st M . convey

Income bonds, not

St. L. Hannibal d

207

{

•

Equipment mortgage

1876

7

50

)
.

.

.

135
135
633
633

Outstanding

25,000
100
100 Ae.
500 Sic.

1,500,000

1,000
1,000
1,000

596,000

100
100 Ac,

1,000,000
1,900,000
1,200,000

..

100 Ac.

1,200,000
375,000
2,300,000
2,468,400
1,100,000
1,100,000
1,400,000
1,400,000

1864
1864
1864
1864
186 t
1870
1881
1877

1,000
500 Ac.

1,000
1,000

1,000

....

55 bds.
7
7
PT

4

7
7
10'
6
7

'

1,367,000
100 Ac,
»

1876
1876

1,700,000
300,000

500 Ac.

-

-

1,000
1,000

opened May 15,1878. In Feb., 1880, Sylvanus J. Maey, of Rochester,
appointed Receiver of the company. The road had been largely
assisted by the City of Rochester. On Jan. 8, 1881, the road was sold,

was

A
A
A

A

do
do
do
do
do

Jan. 1, 1882
1880
Jan. 1,1900

July 15,1875
Sept. 1, 1910

Eec, 1, 1891
Jan. 1, 1892
July 1, 1904

N. Dost., Bk. of Redempt’n
do
do
A.
New York City.
J.
do
.T.
N. New York, 9th Nat. El:.
Boston.
O.
New York.
N. Y., Kountze Bros.
J.
do
J.
do
J.
New York.
J.

....

J. A J.
A. A O.
F. A A.
M. A N.
M. A N.
M. A S.
June 1
A. A O.

N. Y.} Ohice 5o Wall st.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N. Y., Nat. City Bank.

July, 1901

Nov. 1, 1902
1898
1875
1907
May 1, 1902
Oct. 1, 1910
(0
Jan. l, 1915
Jan. 1, 1915
Jan. 1. 1915
Jan. 1, 1915

Apl. 20, 1881
1894
1894
1894
1894
1894
1880
Jan. 1, 1894
Oct. 1, 1917

....

.

J.

G

A

Jan.

J.

Jan.

1, 1908
1; 1908

Jan. 18. 18S2

3^2

10,000,000

....

was

72,000

2,700,000
1,620,000
1,080,000
10,500,000

.

J.
J.
J.
J.

7
7
7
7

1,900.000

....

A
A
A
A
A
A. A

10
6
8
6 g-

400,000
700,000
446,000

1,000

M.
F.
J.
J.
M.

6
5

do
do
do
do
do

1 Stocks—Last
Dividend.

& J. N.Y., by N.Y.L.E.AW.Co

M. A S.
J. A D.
J. & J.
A. A O.
J. A J.

7
7
7

1,500,000

Whom.

Payable

7

500,000

100 Ac.
100 Ac.

Payable, and by

J.'A J. N. Yr.. Corn Exch. Bank.
J. A J. N. Y., Farm. I.. A T. Co.

10
3
7

5,500,000

1,000

Where

When

J.

3

1,000,000

1,000
1,000

.

Rate per
Cent.

$555,200
1,500,000
150,000
5,293,900
418,500
1,021,500

100
100

135

.

Francisco.—Stock, common

1876
1876

Amount

$100

121

.

sinking fund..'
sinking fund.. % ©-0 3
©
(series C)
(series D)

1876

115

.

St. Lords Alton d Terre Haute—Stock
Pref. st’ek (7 cumulative)
l6t mortgage (series A)
1st mortgage (series B)
2d mortgage, preferred
2d mortgage, preferred
2d mortgage, income

1878

1855
1861
1872
190
1874
409
45
1871
120
1872
1878
120
1855
1877
48
341g 1872
1880
120

.

New 2d mort. in exch. for
'acramento d Placerville -Is
1st mortgage (S. & P. RR.).

....

1

INTEREST OR DIVIDENDS.

Date
Size, or
Par
of
of
Road. Bonds Value.

Miles

Ol

[VoL. XXXIV.

Northern took a lease of the road for 99 years
The terms of the lease are an annual payment of $35,000
and then 30 per cent of gross earnings, but $25,000 guar¬

St. Louis Kansas City A

July 1, 1874.
for five years
anteed.

purchased by Walston II. Brown, of New York, for {£600,000, and
reorganized as the Rochester & Pittsburg, with capital stock of
St. Joseph d Western— Line of road: East Division—West St. Joseph
$>3,000,000 (increased May, 1881, to $4,000,000). In November, 1881, Kan., to Marysville, Kan, 112 miles; West Division—Marysville, Kan.,
an important consolidation was made.
See V. 33, p. C23. For every to Hastings, Neb., 115 miles; Hastings Sc Grand Island road, 25 miles;
$10,000 old bonds the Koch. & Pittsb, gives $5,350 1st mort., $7,8'0 in¬ total, 252 miles. This is a reorganization of the former St. Joseph &
come bonds, and option to take $5,000 stock upon payment of $500.
Denver City road, which went into the hands of a Receiver in 1874
See plan in V. 31, p. 651.
In August, 1881, to extend 120 miles to and was sold in foreclosure in November, 1875. On the foreclosure
Brookville. stockholders of each 100 shares had the right to subscribe of the two divisions two companies were organized, the St. Joseph
$11,400 cash and take $6,000 in new mortgage bonds, $8,000 in new Sc Pacific and the Kansas Sc Nebraska, with bonds as above. These
incomes and 150 shares of new stock. In December, 1881, the hold¬ were consolidated as St. Joseph & Western, the. stock is $4,100,000,
ers of income bonds were offered preferred stock in place of the income
par $100. The present bonds have no lien on lands, as the land
bonds. Gross earnings-in 1880, $255,832; not, $34,693. In 1881 gross
grant of 300,000 acres was put in hands of trustees for the benefit of the
for eight months, $170,592; net, $40,9S7.
(V. 32, p. 71, 156, 181, 437, holders of the old land scrip of $2,250,000; in June, 1880, a dividend of
544; V. 33, p. 178, 623, 642 ; Y. 34, p. 5 8.)
12hi per cent was declared from proceeds of land sales. On the Kansas
Sc Nebraska bonds the first coupou was due July, 1 881. The road is con¬
„Rochester d Gencsscc Valley—Avon to Rochester, N. Y., 18 miles. trolled
by the LnionsPacific. The coupons on St. Joseph A Pacific bonds
Leased July 1, 1871, in perpetuity, to Erie Railway, and now operated due
July, 1380, and inee, were not paid. (V. 32, p. 41, 527.)
by New York Lake Erie A Western. Rental, $34,012. James Brockett,
President, Rochester, N. Y.
St. Louis Alton d Terre Haute—Main line from Terre Haute, Ind., to
East St. Louis, 1S9 miles; branches, 1!) miles; leased lines—Belleville Sc
Rock Island d Peoria—Rock Island, Ill., to Peoria, Ill., 91 miles. This
Southern Illinois Railroad, 56 miles; Belleville & Eldorado road, from
is the Peoria A Rock Island, sold in foreclosure of the first mortgage
Du Quoin to Eldorado. 50 miles;
miles. This company
April 4. 1877, the bondholders becoming the purchasers. Capital stock, was a reorganization, February 18, total, 314 the Terre Haute Alton
1861, of
$1,500,000. Gross earnings, 1879, $387 ,580; net earnings, $89,833, out Sc St. Louis Railroad. The Belleville & Southern Illinois is leased to this
of which a 5 per cent dividend was paid on the stock.
company for 999 years from Oct. 1. 1866.
The main line (St. L. Alton
Sc Terre Haute) was leased June 1. 1867, for 99' years to the Indianapolis
Rome Watertown d Ogdensburg.—Sept. 30, 1881, owned from Rome to
& St. Louis Railroad at a. rental of 30 per cent of the gross earnings up
Ogdensburg, 141 miles; branches: To Capo Vincent. 24 miles; to Pots¬ to $2,000,000, 25 per cent on flic next $1,000,000, and 20 per cent on
dam, 2 4 miles; Oswego to Lewiston, 146 miles; Sandy Creek to all over
$3,000,000; but it was agreed that in no year should the. rental
Syracuse, 45 miles; leased Oswego & Rome Railroad, 29 miles; total be less than $450,000. The lease was guaranteed by three other com¬
owned, leased and operated, 409 miles. It was a consolidation October.
1861, of the Watertown & Rome and tlio. Potsdam & Watertown rail¬ panies (See V. 26, p. 61 l and 651). The lease was unprofitable and the
solvent guarantors refused to pay more than their■ one-third of the de¬
roads. The Lake Ontario Shore Railroad was foreclosed September 22,
ficiency, a hi a suit was begun, which is still pending. In 1879-80 the
1874, and transferred to this company January 15, 1875. The Syracuse
Northern was foreclosed, and purchased by" this company August 1, company recovered from the former purchasing committee, Messrs.
Tilden, Butler, Sage and Bayard, $100,000 for bonds retained by them at
1875. The Oswego A Rome was leased January 1, 1866, at 8 per cent
the time of n organization." The Belleville Branch and Extension are
on stock and Int erest on bonds.
Tile-company lias been in default on
opera led separately by this company, and earned net in 18<9, $159,359;
coupons of the consolidated bonds since April 1, 1S78, and proposes to
in 1880, $1 <0,471. The. Belleville Sc Eldorado was leased for 9*5 years,
let the prior liens stand and give, f<r the consolidated mortgage now
from July 1, 1880, at a rental of 30 per cent on the gross earnings, but
bonds bearing 5 per cent; also to fund the 28 percent overdue interest (to
,
July, 1882.) into 7 per cent income bonds; to assess 10 per cent cash on $15,-100 per year guaranteed.
The preferred stock lias a prior right to a cumulative dividend of 7 per
^toek to pay floating debt, and give income bonds for the assessments
cent before any is declared <>n common.
It is also convertible info com¬
Foreclo.su rounder the consolidated mortgage is to be made if uecesmon at par: but shall not receive any dividend as common stock for the
fecry. Certificates for $5,000,000 issued by the Farmers’Loan A Trust
lime it was held as preferred.
In January, 1881. the company declared
Co. for bonds deposited Operations and earnings for live years past
3 per cent in cash on tin; preferred stock and afterward settled the re¬
were as follows:
maining 55 per cent of accumulated dividends by the. issue of income
Net
Freight (ton)
Gross
Passenger
bonds. (V. 32, p. 147, 336, 467, 569, 579, 611.)
Years.
Miles,
Mileage.
Mileage.
Earnings. Earnings.
409
26,732,733 $1,248,812 $336,708
17,549,623
i-liia
St. Louis Hannibal d Keokuk.—From Hannibal. Mo., to Kookm:.
and

was

f

.....

409
40!)
409
40!)

15,19!),509
20,517.456
16,402,0! 3
17,417,353

24,967,4 13
25,914,490
43.538,118

45,837,851

1,203,780
1,143,283
1,107,894
1,510,442

350,747
508,048

487.738

284,088

—(V. 33, p. 491, 562, 087;>

Rutland— From Bellow’s Falls, Yf., to Burlington, Vt., 1.20 miles. This
'road has been through many changes. It was leased to the Central Ver¬
mont in December, 1870, for 20 years, but tile lessee became insolvent ,
and finally a modification of the lease was made, giving $250,000 per
year as a minimum rental and $3,009 for organization expenses. The
bondholders agreed to accept 5 per cent bonds in exchange for equip¬
ments and 6 per cent bonds in lieu of 8 per cents.
The common stock is

$2,480,600 and preferred
.000.000.
stock February, 1832. V. 33, p. 154.)

1. per cent paid on preferred

Sacramento d Placerville:—Sacramento, Cal., to Shingle Springs, Cal.,
48 miles. This was a consolidation of tlie Sacramento Valley and 1 lie
Folsom & Plaecrville railroads, April 19, 1877. Capital stock, $1,756,Gross earnings. 1880, $132,000; net earnings, $60,278. Lclaud
000.
Stanford, Pres dent, San Francisco.

to Wentzviile (St. L.
offered in New York,

is a new road under construction.
To be completed
W. 6c. P. RR.) by Sept, l. 1S81. The bonds were
March, 18S0, at $12,000 per mile.

St. Loins Keokuk d Xorlhwcsfcni.—Keokuk, la.. miles. The Mississippi Valley Sc Western Railroad
1875, and this company organized July 1, 1875.

to St. Peters, Lm

was sold April 14,
Road completed m
Autumn of 1879.
Income- bonds above were originally a part ot
$2,750,000 first mortgage bonds, but by agreement they were changed
into their present form. Gross earnings year ending Oct. 31, 1381,
$414,597; net, $10,047.

(V. 33, p. 250.)

Sun Francisco.—Dec, 31, 1830, owned from raeific to
(main), 292 miles; branches—Granby branch,;2 miles; Orongo,
a., to Joplin, 12 miles; Joplin to Girard, 37 miles; Carbon
iles; Peirce City to Oswego, Kan., 73 miles; total owned, 4-0-miles,
ised and controlled—Oswego to Wichita, 115 miles; Plymouth to State
ne, 32 miles; State Line to Fayetteville, Ark., 38 miles;
nita, I. T., 34 miles; total leased and contro.lod, 249'miles;
.crated Dec, 31. 18-0, G69 miles. This company was organized sep<.
>, 1876, as successor to the Atlantic & Pacific Railroad, llio
St.

Louis d

neca

Branch, 4

Seneca to
total
lattci was

Saginaw Valley d St. Louis— From Saginaw to St. Louis. Mich., 35

Road opened January, 1873. Has a traffic guarantee from
Michigan Central. Capital stock, $264,804. In 1878, gross earnings
were $84,952; net $51,967.
Interest payments, Sec., $53,728. Iu July,
1879, management was transferred to the Detroit Lansing Sc Northern.
miles.

St. Johnsbury d Lake Champlain.—This was the Portland & Ogdensburg, Vermont Division, and was reorganized under this title in 1880.
Preferred stock, $1,298,000; common stock, $2,550,000. Net earnings
year

1880-1, $51,667.

(V. 32,

p.

145, 336, 422; V. 33, p. 202, 327.)

St. Joseph d St. Louis.—St. Joseph, Mo., te Lexington, Mo., 76 miles.
Present company is successor to the St. Louis & St. Josoph Railroad, sold
in foreclosure February 8,1374. nas no funded or floating debt. The




had

toiler 25, 1870.
The South Pacific Railroad
..
act of Congress June 10, 1852, of 1,161,205 acres.
icific' received about 500,000 acres of land.
The
owed 581,009 acres on hand January 1,1881.
owed 293,282 acres on hand at same date,

„

4lie Atlantic A
South I acme jan
Atlantic Sc Pacific hum*
and for these lands (A. - 9
second mortgage bonds, class B, are receivable in payment,
tercst on bonds “B” and “C” is 4 for 1S82, 5 for 1.883 and 6 atttrird. The trust bonds of 1880 are secured by deposit of 7 pci eems
*
ortgago bonds of the St. Louis Arkansas Sc Texas RR. and Joptm
ic general mortgage of 1881 for $30,000,000 is made to the Un t
ates Trust Company as trustee, and enough reserved to take ui

c

debt.

First

preferred stock has

prior

February,

1883.]
will confer a

Subscriber*

great favor by giving immediate
Date Size, or
Par
of
of
Road. Bonds Value.

DESCRU'TION.
For

Miles

explanation of column of tables.
headings,
on first pag?

Ac., see notes

(Continued J—
let preferred, 7 per cent, not cumulative

St.

Louis dt San Francisco -

rmlrl

/Iot.O

bonds, A....
do B, gold
do C, gol t

2d mortgage
do
do

•

Equipment mortgage, gold
Mortgage on Mo. & Western RR., gold

“

-

r

tO

*

"

m

Common stock
1st mort. bonds, coup,
St. Paul Minneapolis &
1st mortgage, St.
2d M., aud I ston road

m

m

Ac.
Ac.

2,766,500

Ac.

2,400,000

100
1.000

1,100,000
1,350,000
2,000,000
(?)
200,000
2,500,000
2,500,000
1,899,000
2,600,000
4,705,606
4,055,407
1,000,000
15,000,000
120,000

1,000

366,OOO

1,000

2d mortgage

1.000

....

1867
1868

101
286
58
58
63

1,000

m

m

m

....

•

m

•

•

....

1881
....

10
76
6o6
656
315
116
116
94
111
101

1,000

m

861

•

1862
1862
1879
1879

1,000

50

1880

7,221.700
8,000,000
3,780,000
1,072,000

1,000

2,300,000

100 Ac.

1,000

1,000

....

1869
....

....

....

1853
1868
1869
1867
1869
1869
1871

500

100 Ac.
500
500 Ac.

FOR 1880.

■-

Balance, surplus

,

improvements and taxes

earnings

6 g.
6 g.

464,000
200,000
500.000

1,000

3 Ac. g.
3 Ac. g.
7 g.
6 g.
6
.
6
5 g.

lines.

147,196.)

A J.

7

J.

A J. N. Y.,

7

M. A N.

99, 11G»

1881, owned from
opened July 1,
Railroad at a rental
ending October 31, 1881,
against this sum
fiscal
of $120,782,

heretofore made to

balance to debit of profit aud
loss, October 31, 1881, $91,019.
Loss to lessee in 1879-80, $19,822,
in 1880-81, $281,080. The annual report for 1880-81 was published
in the Chronicle, V. 34, p. 174. The first mortgage and $1,000,000
of second mortgage bonds are guaranteed
by the lessees and
.also by the Pitts. Cin. A St. Louis Railroad and the Col. Chic. A I. C. Co.
The stock is $2,383,016 common and $1,544,700 preferred. The pre¬
ferred was issued for income bonds ($1,000,000) aud for deficiencies
made up by the lessees.
Thos. D. Messier, President, Pittsburg, Pa.
Operations and earnings for five years past were as follows:

..

..

..

..

158
158
158
158
158

14,827,425
13,092,370
12,974,971
17.309.919

96,544,226

107,089,535
188C-81
19,161,449
-(V. 32, p. 71, 120, 289; Y. 33, p. 357; V. 34,
..

June 1, 1895
Aug. 1. 1910

do
do
do
do
do

1920
1919

July 1, 1931

6
.

^

^

Mch. 17, 1882
—

3*2

•

•

•

N.Y..

•

•

J.S.Kennedy ACo.

J.

A
A
A
A
A
A
A

1881

do
do
S.
do .
do
J.
J. New York and London.
do
do
O.
New York Agency.
N.
_g
IstN. Bk., Sandusky, O.
A J. N. Y.. Union Trust Co.

M.
M.
J.
J.
M.
M.
J.

8
7
7 g.
6 g.
6 g.

Aug. 1, 193T
Feb. 1, 1882

New fork.

F. A A.

5

A
A
A
A
A

M.
J.
J.
A.
M.

2

7

do

Q—M.

1%

Jau. 1. 189*7
Mftf 1. 1898

Third Nat, Bank.

do

1892
,

1909

Oct. 1, 1900
Nov. 1, 1910*
Oct. 1, 1875

July, 1902.

..

6
7
7
7
7
7

7

S. Charleston, 1st Nat. Bk.
New York.
S.
do
J.
J.
N. Y., 11. B. Plant.
N.
do
do
N.
J. Savannah, Cent, RR.Bk

J
Jan. 1.

1889

July, 1897
May 1, 1899
May 1. 1899
July 1, 1891

St. Paul d- Duluth — Line of road, St. Paul, Minn., to Duluth, Minn., 156
miles; Stillwater A St. Paul Railroad (leased), 13 miles; total, 169
This was the Lake Superior A Mississippi Railroad, opened August 1,
1870, and leased to the Northern Pacific. Default made January
aud road sold in foreclosure May 1, 1877, and reorganized June 27th.

miles.
1,1875,
in payment for lands at par. Three

The preferred stock is received
shares of common stock have one vote, and each share
one vote.
Pref. stock has a prior right to 7 per cent from “
all sources, including land sales;” then common to
then remainder of income to be applied to purchase of
net income since 1878 having been spent on
was determined to issue 10 per cent of new
ferred stockholders of record Nov. 1, 1881, payable Nov.
ent the cash so spent in improvements. The company
a
of which about 1,276,000 acres remain unsold. In
gross

of preferred has
income from
receive 0 per cent
pref. stock. The
improvements in 18S1, it
preferred stock to the pre¬
14, to repres¬
has land grant,
earnings
1880
earnings, $93,182. (V. 32, p. 419, 469, 636; V.

were $668,777;
net
33, p. 155, 329, 359, 3S6,

491.)

Manitoba.—June 3">, 1881, owned from St.
393 miles: Minneap¬

St. Paul Minneapolis d
Paul to Sr. Vincent and Northwest boundary,
olis to Barncsville, 237 miles; Crookston to
to Brown’s Valley, 47 miles; Breekenridge
ville to Moorhead, 23 miles; Grand Fork to Fargo,
miles. This company was organized out
the First Division of the St. Paul A Pacific

Opata, 33 miles; Morris

to Durbin. 43 miles; Bames75 miles; total, 861
of the St. Paul A Pacific RR.,

Railroad, the Red River

Valley RR., and the Red River A Manitoba RR. The company
2,000,000, acres of hind as successor to the roads above named,
were foreclosed.
The small amount of the two mortgages first above

254, 470; V. 34, p. 62.)

Sandusky, O., to New¬
roads in 1856. Leased
February 13, 1869, to Central Ohio Railroad, guaranteed by BaltimoreA Ohio, and new lease made February 23, 1880, extending to December
1,
Balt. A Ohio Company to renew
$1,373,242 of 1926, with option to the is $194,350 yearly till 1834; then for terms
20 years each. Rental
$199,350
13,568 for 1834 and 1885; then $201,850 annually. It is operated as Lake
11,252 Erie division of the Baltimore A Ohio system. In 1878-79 the gross
776
earnings were $639,821, and net earnings, $189,114 ; in 1879-39 gross,

bond aud

Mileage.
50,618,136
58,722,821
£ 6,424, ISO

July, 1888

Sandusky Mansfield d Newark.—Line of road,
ark, O., 116 miles. A consolidation of several

SI. Louis Vandalia d■ Terre Haute— October 31,
East St. Louis to Indiana State line, 158 miles. Road
1870. It is leased to the Terre Haute A Indianapolis
of 30 per cent of gross earnings. For the year
the total income was $469,824, and the year’s charges
were $349,042;
leaving a surplus for the
year
which was applied to the repayment of advances
this company by the lessee, leaving the

Miles.

Feb. I, 1882
Nov. 1. 1906
Nov. 1, 1906
Nov. 1. 1906

do

$289,973
$2,698,370
1,325,128

Gulf— Proposed line from Marshall to Sabine Pass
Bonds offered in London in September, 1881,
purchasers receiving with each $1,000 bond a $1,000 income
$500 in stock. (V. 33, p. 218.)

Years.

N.
N.
N.
D.
A.

V. 33, p.

St. Louis Texas d

Freight (ton)

do
do
do

$1,108,867

33, p. 528; V, 34, p. 62,

and Galveston, Texas.

Passenger
Mileage.

Company's Office.

do
do
do
do
do
do
do
do
do

J.

earnings, $847,221; net,

286, 437,686; V.

Whom.

A J.

A
A
A
J. A
F. A

Stocks—Last
Dividend

Payable, and by

Where

A A. N. Y.,

F.
J.
M.
M.
M.

$1,398,840

-(V. 32, p. 17, 44,




3*2

When

Payable

or

To bonded interest
To dividend No. 1, first preferred stock
To amount due leased lines
To sundry expenses, salaries, Ac
To interest accrued but not due on bonds.

By mileage—leased
By interest
By improvement

Cent.

took
which
named. $466,000, is all that remains of the old bonds, and the new
land-grant mortgage is practically a first lien on the whole property at
$12,000 per mile. The proceeds of land sales are reserved by the first
mortgage trustees as a sinking fund for the redemption of the bonds at
under 105 aud interest. The second mortgage bonds do not cover
$705,949 the land. The company was organized May 23, 1879, under the charter
157,500 of the St. Paul & Pacific Railroad. The Dakota Extension bonds are
105,021 issued at $12,000 per mile.
39,141 Aunuai report for the year ending June 30, 1881, in V. 33, p. 254..
101,254 Gross earnings, $3,700,851, against $2,933,108 in 1879-80; net earn¬
ings. $1,845,168, against $1,546,037 in 1S79-S0 (V. 32, p. 123,336;

ing income account:

Total net

1,780.500
*

mortgages made subsequent to the creation of
agreement was entered into with the
for construction of a through line to the
from Albuquerque, on the Rio Grande,
road is to cost $25,000,000, and to be known
Railway. Three trustees—John A. Stewart,
Warren Sawyer and II. P. Kidder, of Boston
—are appointed to hold the stock in trust.
The voting power is to be
vested in six directors of each road. The old companies are to preserve
their separate organizations, and the gains of traffic on the extension are
to be divided in equal proportions. The two companies divide the issue of
bonds ($25,000,000). The cost of the first division will be about $12,500,000. Stockholders in the Atcli. A Santa Fe and St. L. A S. F. companies
will have the right to subscribe for a 6 per cent bond at par, receiving
therewith a $750 G per cent income bond. The Atlantic A Pacific Com¬
pany will reserve the right to take from subscribers, before 40 per cent
of the subscription has been paid, the first mortgage bond, paying back
the subscriptions advanced with interest, but leaving with subscribers
nn income bond for $500 costing nothing.
Each company agrees to fur¬
nish one-half of this amount, and in addition to its share of bonds
receives also a bonus in stock.
In January, 1882, a large interest in the stock was acquired by C. P.
Huntington and Jay Gould, and it was supposed that this would change
the projected plans for extensions.
The statement of income account for 1881 (V. 34, p. G2) showed a
balance of $603,197 over all expenses, including interest.
The annual report for 1880 (Chronicle. V. 32, p. 286) had the follow¬

By total gross earnings
Less operating expenses,

500,000

■

1,000
1,000

take precedence of any
said stocks.
On January 31, 1880, an
Atchison Topeka & Santa Fe
Pacific coast on the parallel
to San Francisco.
The
as the Atlantic A Pacific
of the U. S. Trust Company,

INCOME ACCOUNT

3,750,000
1,000,000
505,000
111,800

....

mortgage
cumulative) ; then pref. entitled to 7 per cent; then common entitled
to 7* then all classes share in any surplus. The pref. and 1st pref. also
Savannah Griffin d-N. Ala.—1st

639.000

1,000
1,000
1,000

1,000

m

158
169
169
169

or reg

JRate pci

7,144,500
500,000

1881

i58

-

Amount

Ac.

Bonds—Princi¬

INTEREST OR

Outstanding

....

....

Paul to St. A.
from St. Paul to Watab
1st mort. land grant sinking fund, gold
2d mort., gold
Dak.Ext., lstmort.,gold ($12,000 per mils)..
Sandusky Mansfield <£ Newark,—Re-organized stock
1st mortgage, new
San Francisco d■ North Pacific—Stock
Savannah & Charleston—Stock
C. A S.„ guar, by S. C
Funded int. bonds, S. A C. RR., guar, by S. Car...lst mortgage, Savannah & Charleston RR
Savannah Florida d West.—Consolidated 1st mort.
Southern Georgia & Florida, 1st mortgage

1876-90

1879

All

;
cent stock.

do

•

500
100
500
500

1879

Manitoba—Stock

do

1876
1876
1876
1880
1880

2draort., sink, fund ($1,600,000 guar.)
St. Paul d Duluth—Preferred 7 per
'

•

1868

84

Trustbondfl
St. Louis Wichita A Western
Gen. mort., gold ($30,000,000), coup, or reg.
Joplin RR. bonds
.
St. Louis Texas <& Gulf— 1st mortgage
Income land grant bonds
-* -i- ir M #
'

•

notice of any error discovered in these Tables Due.
DIVIDENDS.
pal,When

$4,500,000

633
293

li

BONDS.

RAILROAD STOCKS AND

Gross

Net

Earnings.

Earnings.

$1,052,208
1,054,627

$207,067
158,685

1,244,643

1,552,801
1,565,515

p. 62,

174.)

294,272
446,018
188,574

San

Francisco d North

$208,853.

Pacific.—Dec. 31, 1880, owned

from Donahue,

Clovcrdale, Cal., 56 miles; branches—from Fulton, Cal., to
Guerneville, Cal., 16 miles; and San Rafael to Petaluma, 20 miles;
total, 92 miles. This is a consolidation of several companies. In 1880
gross earnings were $362,179 aud net earnings $157,167. 8

Cal., to

Charleston, S. C., 106
111 miles. Formerly the
ill 1876 under present
Defaulted September, 1873, and
name, and opened March, 1870.
then operated by a Receiver.
Sold in foreclosure June 7. 1380. for
$300,000, and turned over by C. P. Mitchell, Receiver, to the now com¬
pany, called the Charleston A Savannah Railroad.^
Savannah Florida d Western.—Savamiah, Ga., to Bainbridge, Ga., 237
miles; branches: to Live Oak, Fla., 49 miles; to East Albany, Ga., 58
miles; other, 3 miles; total operated, 350 miles. This was a eonsolidik*
tion in 1865 of the Savannah Albany A Gulf Railroad and the Atlantic
A Gulf under the latter name. The Atlantic A Gulf road was sold in
foreclosure of the second mortgage on November 4, 1879, subject to the
Savannah d Charleston.—Savannah, Ga., to
miles; Ashley River branches, 5 miles; total,
Charleston A Savannah Railroad; reorganized

9

consolidated mortgage

and

other prior liens

amounting to about

to about
capital
out of
several
1880 in V. 33, p. 200, showing net earn¬

$2,705,000. The old sectional mortgage* yet out amount
$221,500. The present company has been organized
a
stock of $2,000,000, and a dividend of 7 per cent was declared
the earnings of 18S0.
The only report of earnings made for

with

years was

that published for

34, p. 147.)
Savannah Griffin & North Alabama.—Oct., 1881. owned from Griffin „
Ga., to Carrollton, Ga., 63 miles. Operated in connection with Central
Railroad of Georgia. Capital stock, $1,010,900. In 1879-80 gross earn
•
ings were $58,860, and net earnings, $20,693; in 1880-81 gross, $79,1131

ings of

$365,080. (V. 33, p. 200 ; V.

net, $14,985.

(V. 33, p. 559.)

Subscribers will confer a great

favor by giving

explanation of column
on

first page

headings, Ac., see notes

of tables.

Consol, mortgage
2d consol mortgage (for $3,750,000)
Seaboard d Roanoke—Stock

mile)..

Miles
of

!

Date
of

Road. Bonds

102

....

1371
1880
1880

Size, or

Amount

Par

Outstanding

Value.

1st
2d consol, mortgage

.

Sterling mort., s. fund, guar, by L. A N
Sojith Pfjeific Coast — Stock
Southern Central (X. TJ—1st mortgage

($400,000 end. by Lehigh V. RIL).
1st mortgage interest bonds
2d mortgage interest bonds
New mortgage, (for #3,000,000)
Southern Iowa d Cedar Rapids—1st mort., gold
Southern Maryland—1st mortgage, gold
South. Pac.lCal.)—1st mort.,goldjail'd gr., cp. orreg.
2d mort. gold

Monterey, 1st mortgage

....

183
183
81
114
114
114
114
114
87

1,400.000

6 .66
7
:; !.->

(?)

'

.

.

.

1880
1868
....

1*868

1S69
1872
1877
1877
1882
1870

1,628,000

4>-2

{\
6

-

7 g.

450,000
.

5,822.000
1,1 >2,066

1,000

1,000

1,125,000

1,000

3,000.009

1,000
£209

391,000
5,075,010
1,000,000

8

$1,000

1,500,000
600,000
575,050

7
7 g.

1000Ac.

210 Ac.
210 Ac.

42,000
(?)

1,500.000

....

500,000

712

1875

1880

28,500,000

500 Ac.

15

1,000

reports.

miles.Enough of the

the first and second mort¬

bonds. In jam, 1882, a vote was passed to increase stock to
$5,000,000, and make a second consol, mortg. to expend the line to a
point opposite Huntington on Ohio River. (V. 33, p. 93,102, 730; V.

gage

34, p. 110.)

Seaboard d lloanolec.—IAm?, of road, Portsmouth, Vn., to Weldon, N. C.,
80 miles. Road opened 1851. The company has paid dividends for a
number of years. Of the stock, $1,057,100 is common, $200,000 is 1st
7 per cent guar., and $44,200 is 2d guar.
Net earnings 1879-80,
$230,452 ; 1880-81, $232,495. (V. 33, p. 559.)

250,000

.

«
6
6
6

cent per annum on the stock.
Chronicle with the reports of

The yearly reports will be found in the
the Northern Central Railroad.

Geo. B

Roberts, President, Philadelphia.

6c

.!. N.\., A\ in.slow, L. A Co.
do
do

do
do

Sent. 1, 1924

Jan., 1882
Jan.

l, 1S96

April 1, 1894
duly 1. 1910
Nc

A. A < >. Philadelphia and. N. Y
A. A O. N. Y.. N.P»k. of Com’rce.
J. A J. N. ii., Nat. N. ii. Bank.
do
do
M. A 8.
.1. A J N. Y..Nat. Park Bank.
J. 6: J. U.S. Trims,, at mataru\
.7. 6c J.

April 1, 1921
April!, 1839
*7an. 5,

'j.

A
A

J.

If.
|M.

a a.

hi.

N.

A S.

IF. A
/
!m. a
7
5
7 g!
A
0 g.
6 g.
A. A
IA. A
5

A.
s.

N. Y„ Vermilye A Co.
N. Y.,Nat. City Bank.
N Y., \ ermilye A Co
N. Y., Nat. City Bank.

v. 1. 1831
154)., 2 882
Juiv, 1901
Jan. 1, 1909

1878 to ’88
1878 to ’88
Oct. 3, 1920
dam 1, 1931
Jan. 3. 1931
Jan. 1, 1890
1903

Aug. 1, 1899
Mar. 1, 1882
Aug. 1, 1887
Sept. 1, 7 387

Huntington. April 1, 1905
do

April 1,1900

Gross Earnings.

Miles.
243
243
243
243

1878..!....

March, 1910
dan. J, 1S93
Jam 1, 3 898
July, 1S91

May 1, 1900

0. N. Y., C. P.
do
0.

Years.

Net Earn’gs.

$1,120,437

$478,684

1.020,004

426,910

1,011,801
1,052,023
1,217,750

371,031

■*

337,715
341,962

—(V. 32, p. 123, 394, 420, 544, 579; V. 33. p. 125, 589, 623, 73G.)
Ala., to Montgomery. Ala., 183
branch of 7 miles from Elmore to Wetumpka. The road is
controlled by the Louisville & Nashville Railroad Co., which owns a
majority of the stock and the whole of a 2d mort. bond issue of $2,000,000, due 1910, which are pledged with the Union Trust Company as
security for the L. 6c N. bonds, dated June 1, 1880. 500,000 acres
South

d Xorlh Alabama— Decatur.

miles, with

a

of land in Alabama, largely mineral, nave been transferred to the
Louisville 6c Nashville Co. Common stock, $1,461,767; preferred stock,
$2,000,000. In 1878-9 gross earnings were $373,196; operating ex¬
penses, $553,610; net, $314,586; deticit to Louisv. A N. Co., $100,285.

_

South Pacific Coast—'Doc. 31, 1880, owned from

Junction (Felton), Cal..

Dumbarton Point to

to Newark,
miles. There are no
earnings 1880, $386,-

50 miles; leased—Alameda Point

24 miles; Felton to Santa Cruz, 7 miles; total, 81
bonds hut unfunded debt of $1,870,286.
Gross

operating expenses,
President,"San Francisco.
469;

Talley d: Pottsville.—Line of road, Sunbury, Pa., to Mount
Carmel, Pa., 27 miles; branch to Lancaster Colliery, 4 miles; total, 31
miles. The road was leased February 27, 1803, to the Northern Central
Railway Company, with a guarantee of interest on the bonds and 0 per
Sh amok in

«J.

Loudon.
J.
J. N. Y., Nat. Cifv Bank.
New York Agency,
A. 6c ().
do
do
1J. A J.
5 earlv.
g. Li. 6c J. N. Y., Drexci, M. A Co.
g. j M. A N. London, Baring Pros.

5 g.
6

1.051.500
2,300.000

500

Philadelphia, Oilier.

A

.

Dividend.

....

874,500
1,000,000
200,000
1,628.000

Canal Company. Lease rental,
bonds. Stock, $100,500.
Schuylkill Talley.—Port Carbon to Recvesdale, Pa., 11 miles; branches,
10 miles; total, til miles. It is an old road, and was leased to the Phila¬
delphia 6c Reading Railroad from September 1,1801, at an annual rental
of 5 per cent on the stock. Operations are included in the Philadelphia
Talley.—Columbus, O., to Ohio River, 130

7

2,1 '0,600

9

Slocks—Last ’

M. A N. PI i i 1. ,T< > w 11 si- n d.W.ACo.
F. A A. Philadelphia,'rreasnvcr.
do
do
4. A ,7.
N. Y., Clark, Post A M.

2,000,000

....

Where Payable, and by
Whom.

A. A O.
J. A J.

*7
3

869,450

....

petuity to the Delaware 6c Hudson
$30,000 per year, paying 6 per cent on

Scioto

(?)
1,301,300

100
50
oOO Ac.

Whin

Payable

J.

7
7
7

603,000

....

Schenectady d Duanesburg —From Quaker Strept Junction, N. Y., to
Schenectady, N. Y., 11 miles. Formerly Schenectady A Susquehanna
Railroad, and was foreclosed in 1873; reorganized and leased in per¬

consolidated mortgage is reserved to take up

^2

177,000

1,000

1,000

1868
1881
1881
1881
1870
1873

2 42

mortgage-bonds (not cumulative)
Alabama—1st M., endorsed by Alabama.

6 Reading

Bo 11 d s—Prn u*i.

pal,When Due.

M. & 8. Del. 6c Hud. Canal Co.

6

5,000,000

500 Ac.

500 Ac.
100
1000Ac.
500Ac.
500 Ac.
100
109
V anous

1871

JO

Cent.

576,050

50

1869

O

sterling loan
mortgage, dollar bonds (L)
consol mortgage (for $5,000,000)

1 Rato
per

$500,000

$100 Ac.

1881

25
243
2 12

1st mortgage,

So. d No.

28
28
140
140
140
32

50
102

South. Carolina—Stock-

income

14 hr 1874
11 !
98 ! iS76
98
1879
1880
130
18S2
80

50

2d mortgage (Government subsidy)
Somerset—1st nw»rt..fn*rP.J f^nlil

1 fit.

[VOL. XXXIV.

immediate notice of any error discovered in tLese Tables.

6781
98
0
Duanesburg—1st M., guar. D. 6c H..
Schuylkill Talley—Stock
Scioto Talley—1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Schenectady d

Shamokin Talley d- Pottsville—Stock
1st mortgage, gold, on road and lauds
Shenandoah Talley— 1st-mort. ($15,000 per
2d mortgage, income ($10,000 per mile)
General mort., gold ($25,000 per mile)
Shenanqo d Alleghany—1st mortgage,
Shore Line (Conn.)—Stock
1st mortgage
Sioux City d Pacific—1st mortgage

BONDS.
INTEREST Oil DIVIDENDS.

DESCRIPTION.
For

STOCKS AND

RAILROAD

lii

$477,493; deficit, $91,023. A. G. Davis,

Southern Central (X. r.)— Sept. 30,1881, owned from Fairhaven, N.Y.,
to Pennsylvania State lane, 114 miles. Road tonus an extension
New York State for Lehigh Valley Railroad, which company endorses

into

$400,000 of second mortgage bonds.

Default was made Feb. 1, 1882,

and new settlement is proposed. (V. 34, p. 178.) Capital stock
in is $1,790,231.
In IS?8-9 gross earnings were $419,912 ; net,
272; 1879-80, gross, $455,167; net, $149,237. (V. 31, p. 178.)

paid

$102,-

Shenandoah Talley.—This road is completed from Hagerstown, Md.,
Waynesboro, Va., 142 miles. The company proposes to extend south¬
ward from Waynesboro to a connection with the Norfolk 6c Western
road. The general mortgage of 1881 is at $25,000 per mile to retire the
to

construct new road. The stock is $1,458,is President, Philadelphia. $1 paid on pref.
(V. 32, p. 422, 409; V. 33, p. 48, 357.)

two prior mortgages and to
7©0. Frederick J. Kimball

stock Feb., 1882.

Shenanqo d Alleghany.—Tine of road, Slienango,

Pa., to Brady’s Bend,

Pa., 95 miles; in operation, Slienango to Hilliard, Pa., 40 miles. The
road was leased to the Atlantic 6c Great Western, and “rental trust”
bonds were issued.
The company made default in 1879, but the
October coupons were

paid Feb. 2i, 1880.

Shore Line (Conn.)-TAnc of road. New Haven, Conn., to New London,
Conn., 50 miles. Leased to New York and New Haven Railroad Com¬

pany

in perpetuity November 1, 1870, at $100,000 net per annum.

Chartered as New Haven & New London Railroad; sold in foreclosure
and reorganized under present title June 29, 1804. Dividends 3^ in
Jan. and 4 in July. Operations and earnings for two years past were
asTollows: 1879-80, gross, $319,111; net, $154,480 ;* 1880-81, gross,

$416,620; net, $212,981.

( V. 32, p. 559.)

Sioux City d Pacific.—Line of road from Sioux City, Ta.,to Fremont,
Neb., 107 miles; leased—Fremont Elkhorn 6c Missouri Valiev Railroad,
110 miles; total line operated, 217 miles. This was one of the subsidized
Pacific roads, but the interest on first mortgage bonds has not been fully
earned, and the United States Auditor of Railroad Accounts reports no
net earnings subject to the payment of 5 per cent to the United States.
For the year ending June 30, 1881, the gross earnings were $628,236
and net earnings, $133,841. The capital stock is $2,068,400, ol which
$169,000 is preferred, receiving a dividend of 7 per cent per annum.
A

majority is owned by Cedar Rapids 6c Missouri Railroad Company.
(V. 32, p. 232.)

Oliver Ames, President, North Easton, Mass.

Anson, Me., 25 miles. An exten¬
Capital stock, $377,573. Gross
net, $3,580; 1881, gress, $23,788 ; net,

Somerset.— West Waterville, Me., to
sion of 7 miles to Solon proposed.

earnings,
$1,830.

1879-80, $20,098,

South Carolina— Charleston to Hamburg, S. C., 137 miles; branches to
Columbia, 68 miles, and to Camden, 38 miles: total main line and
branches, 243 miles.
A receiver took possession in September,
1877, at the suit of 2d moiigage bondholders. A plan of reorganiza¬
tion to save foreclosure was made in 1880. In January, 1881, the com¬
mittee made essential modifications of the plan (see V. 32, p. 123). The
sale was made July 25, 1881. and the road purchased by W. II. Braw-

ley for the committee, for $1,275,000 over the first mortgage debt, and
the company was reorganized with stock and bonds as above. John 8.
Barnes is President. The last annual report was in the Chronicle,
V. 32, p. 391. Large amounts have been expended out of the earnings
for improvements, and in 1880 about $275,000 were so spent for steel
rails and equipment. Earnings for live years past were as follows:




Southern low ad Ccd.Rapids.—Iu progress.

Ottumwa to Ced. R., Iowa.

Maryland Railroad is designed to
mouth of the Potomac River, to
Washington, where it will make connection with the Baltimore 6c Poto¬
mac Branch of the Pennsylvania Road, and with the Washington &
Metropolitan Branch of the Baltimore & Ohio Road. The length will be
77 miles. J. H. Linville, President, Philadelphia.

Southern Maryland —The Southern
extend from Point Lookout, at the

April, 1881 :
Curnatotal, .176
miles; Southern Division—Huron to Los Angeles, 280 miles; Los Angeles
to Yuma, 249 miles.: Los Angeles to Wilmington, 22 miles; total, 551
miles; total Southern Pacific, in Cal.,712 miles. At Goshen the Southern
Division meets the San Joaquin Branch of the Central Pacific, by which
it reaches San Francisco and the main line of Central Pacific. The pro¬
jected lines arc Soledad to Lerdo Junction, 160 miles, and Mojave Juuct.
to Colorado River, 278 miles, and this latter line was to be pushed in.
1882 to connect with the Atlantic & Pacilic line. (V, 34, p. 1<8J
The Southern Pacific forms part of a through line to El Paso, ana
there will meet the Texas pacilic.
At its terminus at Yuma it con¬
nects with the Southern Pacific Railroad of Arizona, an independent
hut closely alliliated company, some 385 miles, to a junction with the
New Mexico Division of 171 miles more to El Paso. A junction with
the Atchison Topeka 6c Santa Fe, thus forming a new rout-e to the I aeilic
coast, was made March 17, 1881. The bonds above arc in series A,.B,<l.
and I), of which A includes $15,000,000 and B, C and D each $5,000,000;
there are also three other scries, E and F of $5,000,000 each, and G of
$6,000,000; these latter are to be issued for new construction. Land
grant is 12,830 acres per mile, and proceeds of sales go to pay bonds.
The total grant is estimated at 11,000,000 acres, of which
000,000
pertain to road now built. Besides these sales a sinking fund or
Stock paid in is
$100,000 per annum goes into operation in 1882.
$36,763,900. The Central Pacific Railroad Company has taken a lease
of the southern division of this road for a period of not less than live
years from January, 1880, and by the terms of the lease “if a railroad
is not completed iiTfivc years from that date, so that there is a connec¬
tion of the Southern Pacific Railroad of California with the Lastern sys¬
tem of, rail roads on what is known as the thirty-second parallel line, rno
lease shall be extended until such connection is made, provided sucu
extension does not exceed five years longer, or ten yea’-s in all, lroni
January, 1830. By the terms of the lease, the net rental is $_ou a
month,"or $3,000 a year per mile, and if it shall be reduced by mutual
consent, the rental shall be at least suflicicut to pay interest on bonus,
in 1880 the net earnings were $442,765 on northern division. an l
Southern Pacific of California. — Road in operation
Northern Division—San Francisco, Cal., to Soledad, 143 miles;
dero to Tres Pinos, 18 miles; to Monterey (leased), 15 miles;

Q1

4V7T\ fc'M <

561. 623, 736;

rm

kmit lir vn

V. 34, p. ITS.)

rliviRimi !

totill. Sl2.HS.Ol4*

Ollt 01 ^

February,

1883.1

Subscribers

will confer a

great favor by giving immediate

DESCRIPTION.
For

1
explanation of column headings,
on first-page of tables.

&e., sco

Miles
of

notes

Southern

Pennsylvania Ise mortgage, gold.

guarant’d / per minum

Southwestern (Oft.)—Stock,
Sovthwest J’ennsylvetno:t—)ilock
1st mortgage.
Smn/tcn

-

Daycil if'Port Moms—Stock

•

j

j

j

Size, or

100 Ac.

200,000

1881

1*000

300,000
476,000

1875

500 Ac.

1874

1870

l’ooo

.1875

TOO

1807
1870

1,000

'

!

7
4

1.000,000

1875
18S1

1*000

955,600
700,000

1,000

2,145,000

1875
1875
1875

T obo
1.000

1,000

1909-10

Jan. 1, 1911
Mar. 1. 1900
Dee. 20. 1831

(0

N.Y., Company’s Office.
New York.
N Y.. Central Pacific.

Phila.,233 So. 4tli St.
do,
do

Feb., 1917
Jam, 1832
Jan. 1, 1899

July 7. 1895
January. 1905
Feb. 16, 1876
Jan. 1. 1904

«

-

1

....

.

New York.

' i F. A A. N.

A 0.1

Y.,Farmers L.A T.Co.
do
do

7

:

6
7 g.

,T. A:. J.jX.Y., Farmers’ll.ctT.Co.
New York.
! M. A N.l

0 g.

2,500,000 I
1,020,000 j
20,011.000 I
4,050,000 j
9,050,000

jJ. it J.[

8,202,000

1,000
1,000

-

i

4

i

IlMar.,

A. J. X. Y. Lake Erie A West. July 1, 1900
Feb., 18S2
j f. A D. N.Y., J>. L. A W. RR. Co.
June, 1887
do
do
J. A D.
Oct. 1, 1906
do
do
! A. A O.
Aug.
| F. A A. Syracuse Savings Bank.'; Nov. 1, 1907
15, 1905
N.Y., Farmers’ L.A T.Co.

i

1,000

50

Slocks—Last
Dividend.

i J.

7
7
7

1870
1870
1881
1875

1,000

!

3
7

1,983,150
1,600,000 j
500,000 j
500,000 !

50

1873

....

7
7

1.000

Savannah,6ent.RIt.

Feb.
J. A J.
1\ A A.
i ,j. A J.

7

500,000
1,000.000
2,500,000
270,000
1.750,000
261,400

New York City.
J.
J. N. Y., Company’s Office
S. j
Cha.
1).

F. A A. Pbila. and Givensbifrg.
New York.
.1. A J.
J. A J. N. Y., -Union Trust Co.

7

1.0 00

Whom..

.

7

!

500,000
4,010,350

50 etc.!

A
A.
A
A

3

7
5
3

1877

i

reg

3

i

50

,

Income and land mort.,
Lana scrip forint, on

7 35

1878

tO>

J.
J.
M.
J.

g.

j

i Where Payable, and by

Payable !j

j Cent.

625,000 1

3,892,300
546,150
962,000
989.000

1,6*00

1

When

per

o g6

1877
(i
20
13

iRnte

$9.60-1,000 |
4,180,000 !

*iix>

Ponds—Princi

INTEREST OR EIV1

Outstanding

Value.

21 1
277
42

notice of any error discovered yu tliesc Tables. Due
BENDS
p:tl,When

Amount

Par

3-1 i ’70-’80 $1,000
1,000
167 ' 1-81

M., conv. (rcd'ble att, »3)
j 78>
mort-, income. final*, j 45 I
20
Stockton d Coppcropolis—1st mort., (guar. by L. L.);
j
20
Summit Praam (Pa.)—Slock
j 23 j1
1st mortgage bondsa.;
j
Suspension liridye d Eric J unction—lStock
81 ti
1st mortgage.
;— i
Syracuse Binghampton d 7,. 1.—steel*
\ St !;:
ad mortgage (now iirst).
;
§1 !
Consol, mortgage (gnar. I). L. A W.)
22 !f
0/
Syracuse Chenango d Xe >c Yovf:—Funded debt
Syracuse Genera d Corning— 1st mortgsi-ge
......
i‘1'3
Tehuantepec Interocean—1st mort. (for $6,000,000)
Terre llaulc d Indianapolis—Stock
j
Bonds ot 1873
Terre Haute d LogansporL— Stock
--•J
03
1st mortgage, guar, by Terre Haute & fud napohsj
1 13
Texas Central—1st mortgage, gold .
Texas-Jhcxican—1st mortgage, gold ($1.>,000 p. m.)>
Texas d X. Orleans of ’74—ist mortg. land gr., coup, ,323
Texas d Pacific—Stock
11 524
j 524
1st mortgage, gold, coup. (E. Div.) ...
2d mort., consol., gold, coup. (E. Div.)
521
S/ate Line d Sulliran-1st
Staten Island— 1st mortgage
Sterling Mott a taut (X. Y.)—1st

"

• - •;^ ••

|

Road.! Ronds

reg.j

“ZZfktrn Fae. of Arizona—1 st mort., gold,cp, or
Southern Pacific of N.Ifcxico Mort., coup, oi i<-\g..

Date
of

!

liii

STOCKS AND BONDS.

RAILROAD

-

N. Y7, 51 Exchange PI.

F. et A.

0 g.

M. A S.
J. it D.

July.

Feb. 1, 1882
*

IS93

1910
Nov, 1, 1909

July 1, 1921
Aug. 1, 1905

Pliila.,N.Yorl* ALondon March 1, 1905
Juno 1, 1905
do
do

Now York A Philad’pliia

Jan. 1,

1915

2,127,000

1880-1

Feb. 1, 1930
6 g. IF. A A. N.Y., Mercantile Tr. Co
inc.mort.(conv.intost’korrd) • 520 j 1880 1,00*0 12.500,000
do
do
July 1, 1920
o g. !J. & j.
1st mort., gold, land grant, Rio Grande. Division.! 201
5,820,000
1880
1,000
Mav 1. 1910
Boston.
7
M. A N.
140.000
New Orleans Pacific, 1st mortgage
! 35 I 1880 1.000
Texas Trunk— 1st mort.'land grant gold
!
miles.. To December, 1881, 40 miles finished, and about $1,600,000
Southern Pacific of Arizona.—This is the connecting line of the South¬
expended. Stock is $2,090,000. Edward Learned, President, Pittsfield,
Mass.
Pacific of California, extending from Yuma to New Mexico boundary
(V. 33, p. 461,)
g.

ern

The stock is $19,950,000
Pacific of New Mexico— Road extends from Arizona State
Line to the Rio Grande at El Paso, Texas.
Southern Pennsylvania Railway d Mininy Company.—South Pennsyl¬
3S3 miles.

Southern

with a branch from Rich¬
years from March 1, 1S70,
Road originally organized
to Cumberland Valley Railroad Company.
under the name of Southern Pennsylvania Iron A Railroad Company
but was sold by foreclosure of second mortgage December, 1872, and
reorganized under present name. Capital stock, $300,000
Southwestern (Get)—From Macon, Ga.,to Eufaula, 144 miles; has lOO1^
miles of branches, the main one being from Fort Valley to Columbus, 72
miles.
A lease was made Aug. 1, 1869, to the Central RR. of Georgia
which assumes the liabilities and guarantees 7 per cent on the stock
but 8 per cent is to be paid if 10 per cent, is paid on Central stock
In June, 1881, $3.2 per share in 0 per cent debt certificates was declared
vania Junction to Richmond, Pa., 21 miles,
mond to Ore Banks, 2 miles. Leased for 199

by Central

Georgia Railroad

to Illinois State Line,
miles. The road was
opened in 1852 (as Terre Haute & Richmond), and has been one of the
best of Western roads. The company leases and operates the St. Louis
Vandalia A Terre Haute Road on joint account with the Pittsb. Cm. &
St. Louis RR., at 30 per cent of gross earnings, but guarantees the first
and second mort. bonds. Earnings for 1878-9 were $1,082,373 gross
and $404,370 net; iu 1879-80, $1,327,435 gross and $446,695 net.
Terre Haute d Loyansport.—Road extends from Logan sport, Ind., to
Rockville. Formerly Logausport Crawfordsvilie A Southwestern, which
was sold in foreclosure
September 10, 1879, and reorganized under
present name. Rockville extension of tbo Evansville A Terre Haute
Railroad, Rockville to Terre Haute, is operated under lease. Leased by
Terre Haute & Indianapolis Railroad for 25 per cent of gross earnings,
and first mortgage bonds guaranteed by that company. Earnings and
rental year ending Oct. 31, 1880, $65,657.
Texas Central— Line of road from Ross, in McLennan Co., to Cisco, in
Terre Haute d Indianapolis.—From Indianapolis
80 miles, with coal branches, 21 miles; total, 101

Pennsylvania— Greensburg, Pa., to Olyphant, r., 42 miles Eastland Co., Tex:*s. 143 miles. Gross earnings on an average of 70
Opened April 1, 1873, and leased to Pennsylvania Railroad,
oper¬ miles in 18S0-81, $197,151; net, $127,091. C. A. Whitney, Pre3., N. O.
ates it at cost, paying net earnings as rental. In 1878 gross earnings
Tcxas-Mexican,—Road building in Texas. Mortgage covers about 1,400
were $338,707, and net earnings $183,409.
Interest on bonds and 7 per miles of railway (of which 140 in operation July, 1881) and all lands
cent dividends on stock were paid out of net earnings of 1879.
to be acquired. W. J. Palmer, President. See V. 33, p. 528.
Texas d Pew Oilcans (of 1874).—Houston, Tex., to Orange (Sabin©
Spityten Duyvcl d Port Morris.—Road is 0 miles in length and connects
the New York Central & Hudson with the New York & Harlem. Leased River), 108 miles. In August, 1881, this company acquired the La. &
to New York Central November 1, 1871.
Rental is 8 per cent on capital Western from Vcrmillionville, La., to Sabine River, Tex., 106 miles.
This was a reorganization, 1874, of the old Texas A New Orleans RR
stock of $989,000. Operations are included iu lessee’s returns.
The stock is $3,000,000, and in July, 1881, this was reported sold to C.
State Line d Sullivan.—Monroeton, Pa., to Berenice, Pa., 24 miles.
Southwest

which

Originally organized as Sullivan A

Eric Coal A RR. Co., which was sold in
formed December 2,1874,
$50). The mortgage
earnings were $40,8(57,

foreclosure Oct. 14, 1874, and a new company
under the present name.
Stock, $1,000,000 (par
covers 5,000 acres coal lands.
In 1878 gross
and net earnings, $29,(573.
Staten Island.—Local
13 miles. Road was

road on Staten Island, Stapleton to
purchased by present owners in

Tottensville,

1874, and is
operated in connection with Staten Island Ferrv Company. Capital
stock, $210,000. Earnings, 1879-80, $291,656 ; net, $71,388. In 1SS0-S1
gross,

$304,000 ; net, $^0,000.

(V. 34, p. 107.)

Erie
A Rail¬
consolidation,made

Sterling Mountain (X. Y.)—Road runs from Sterling June, on the
Ry. to Lakeville, about 8 miles. Bonds guar, by Sterling Iron
way Co. (V. 33, p. 350.)

is
Coppcropolis and the Stockton &
branch of 12
thirty years
lessee agrees to
pay principal and interest of the bonds. Capital stock, $234,500. The
company previously made default July, 1874, and the $1,000,000 of
old bonds were exchanged for the present issue guaranteed.
Summit Branch (Pa.)—This company operated the Lykens Valley
RR. till July, 1880, and it has a small branch of its own to Summit Mines,
3± of a mile. Traffic is almost exclusively coal. Gross receipts in 1880,
Including coal, $1,028,469; net, $80,994; from Lykens Valley Coal Co.,
$48,907; total, $129,902; interest’and taxes, $95,092; balance, $34,809.
Stockton & Coppcropolis.—Present company
a
November 17, 1877, of the Stockton A
Visalia. Lino of road, Stockton to Oakdale, Cal., with a
miles. Leased to Central Pacific Railroad Company for
from December 30, 1874. By the terms of the lease the

—(V. 33, p. 125.)
Suspension Bridge d Erie

Junction.—East Buffalo Junction to

Niagara

opened January, 1871.
Co. at 30 per
less than $105,000

Falls and Suspension Bridge, 2314 miles. Road
It is leased to New York Lake Erie A Western Railroad
cent of gross receipts, which are guaranteed to be not
l>or annum. Lessees own all stock except 297 shares.

Syracuse Binghampton d New York.—Sept. 30,

1S80, owjied from

Geudes, N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse
& Binghampton and opened Oct. 23, 1854; foreclosed and reorganized
April 30, 1857, and leased to Delaware Lackawanna & Western. In the
last year reported—ending Sept. 30, 1880, the gross receipts were
$869,154; road expenses, $546,819; net $322,335'; interest on bonds,
$141,400; dividends, $50,100. (V. 32, p. 579.)
Syracuse Chenango d New York.—Sept. 30. 1880, owned from Syra¬
cuse. N. Y., to Eariville, N. Y., 43hj miles. The Syracuse A Chenango
V aliev Railroad was sold in foreclosure and a new company organized
March 14, 1873, under the name of Syracuse A Chenango Railroad.
April 15,1877, road was again sold in foreclosure and present company
organized, which also became embarrassed and passedinto the hands of
Mr. James J. Bolden, January, 1879, as Receiver.
In January, 1880,
Boston lloosac Tunnel A West, syndicate,
(V. 32, p. 101, 444; V. p. 178, 716, 736.)

the road was sold to the

litigation ensued.
Syracuse Geneva d Corning— Sept. 30. 18S0, owned from
JN. Y., to Geneva, N. Y., 5734 miles.
This road was opened Dec.

and

Corning,
10,1877,

TQcmn0asc(* t0 ^le
l Brook Coal Company. Stock is $1,162,800. In
1880-81 gross earnings were $513,591; operating expenses, $329,377;

net, $184,214.

-

Tehuantepec.— Road in




progress

from Gulf of Mexico to

Pacific Ocean,

P. Huntington,

of the .Southern

Pacific, at 85. Gross earnings, 1830,

$3S3,S35; net, $176,138. John T. Terry. Pres., N. Y. (V. 33, p. 75,218.)
Texas d Pacific.— From Marshall to Fort Worth, Tex.,‘ISO m.; Marshall
to Shreveport! La., 40 m,; Marshall to Texarkana Junction, 69 in.;
Texarkana to Sherman, Texas, 155 miles; total old road 44 4 miles. Rio
Grande Division, Fort Worth to junction with Southern Pacific at Sierra
Blanca, about 92 miles south of El Paso, and 524 miles from Fort Worth,
was finished December, 1881.
N. O. & Pac. consolidated therewith,
Shreveport to N. O., 355 miles when all built.
The Texas A Pacific was built under act ot Congress of March 3,1871,
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
ceeded to the right of the Memphis El Paso & Pacific Railroad and other
companies. By a contract made in January, 18S0, with Pacifio Railway
Improvement Company, the road is extended to El Paso on the Rio
Grande, about 616 miles, to meet the Southern Pacific of California, at
$20,000 in bonds and $20,000 in stock per mile of road. The control
of the Texas Pacific stock was sold by Thos. A. Scott to Jay Gould. The
Fidelity Ins. Trust A S. D. Co. of Philadelphia are Trustees of tlio Rio
Grande Div. mortgage. The stock authorized is $50,000,000. A con¬
solidation with New Orleans Pacific, share for share, was voted in May,
1881.
From the State ot Texas the company had received 4,851,702
acres of land, by building east of Fort Worth, on which the income
bonds are a lien,* as also a 3d mortgage on the road east of Fort Worth.

for 640,000 acres deposited in trust
railroad lands in Texas, however, do
the roads owning them. The land grant
by acts' of Congress were 20 sections per mile in California and 40
sections per mile in the Territories between Texas and. California. The
acts of Congress in regard to this road made conditions as to time of
construction, Ac. See full statement as to lands in V. 31, p. 178.
Operations an l earnings for four yearsending May 31.1830, were as
follows, no annual report having been issued for the last year ending
May 31, 1881.
Passenger
-Freight (ton)
Gross
Net
Mileage.
Earnings. Earnings.
Mileage.
Years.
Miles.
13,886,499
43,369,881 $2,043,453 $538,329
376-7.
415
15,004,800
51,022,43 4
2,331,310
708,138
444
1877-8
11,651,044
50,723,818
2,136,143
54 4,916
444
187S-9
11,438.607
66,446,382
2,539,220 1,045,703
1879-80
444

There were also 1,000 certificates
for certain foreign claimants. The
not lie adjacent to the line of

The income

account was as follows:
1876-77.

$

1877-78,
$

1879-80.
$

1378-79.

$

538,329

703,133

544,910

1,045,703

557,86V

Total net income
Disbursements—
Interest on debt

-658,019

050,370

603,120
69,620

sur.50,089 def.in.454

sur.312,983
V. 33, p.
716; V.

Sinking fund
Balance

:

def. 19,538

—(V. 32, p. 123. 205, 239, 412, 4 45, 469, 526. 613, 628. 687;
48,102, 117, 155, 178 256, 386, 401, 461, 470. 561, 623, 637,
34, p. 205.)
Texas

Trunk.—This road is

projected from Dallas to

Sabine Pass, Tex.,

land
issued North.
rat©

miles,‘with a branch, to Sabine River, 50 miles* lias a
grant of 10.240 acres for each mile built. Bonds are
at
of $14,000 per mile of completed road. J. G. Graves, President,
Scituate, Mass. (V. 33, p. 202, 642, 7u8.)
about 300

STOCKS AND BONDS.

EAILROAD

liv
Subscribers will

confer a great favor

by giving immediate
-

DESCRIPTION.
or

explanation of column
on

first page

headings, &c., see notes
of tables.

mortgage, income,

gold.
gold.

Tol. to Kokomo..

2d M., income, non-cumulative,
let mort., Dayton Division
2d mort., Dayton Div., income,
1st mortgage Toledo terminal trust
let mort., gold, Southeastern Div
Income bonds,
do

non-cumulative..
“ A”
non-cumulative

1876

ADO

V

1,000

•

180
22

1881
1881

1879
1881

1,000
1,000
1,000
1,000
3,000
500 &c.

1874
1878

2b,

1,000

*

1,038
1,038

do

Collateral Trust bonds.

A.AO

7
7
2
7
7
7
6

J.

&J.

F.
J.
M.
A.

500,000
680,000

1866-9
1866-9
1874
1867-9
1871
1879

1,000

1,000
....

1,000
£200
3,000

1,342,600

4,691,000

Y„ Anthony, P. & O.

New York or London.

1882

1896
1905
1921

1921

'j. N.Y., G. W. Ballou & Co

&

A. & O.
J. & J.
A. & O.

„

Q.-J.

Jan.
Jan.

1,
1,
N.Y., g'. W. Ballou & Co April 1,
April 1,
N.Y., G. W. Ballou & Co July 1,
New York and London
April 1,
April 1,
N. Y., G. W. Ballou & Co April 1,
April 1,
N.Y.,Room 42,74 B’way Jan. 1,

F. & A.
J. & J.
F. & A.

1910
1910
1910
1910
1910
1921
1921
1921
1925

1908

(?)
1894
1882
1903

Phila., 23,3 South 4th.
Rondout, Co.’s Office

Feb. 15, 1882
1906

do
do
New York and Boston
do
do
U.S. Treas., at ma turity
New York and Boston
do
do

July 1, 1905
Jan. 2, 1882
1896 to 1899
1896 to 1899

& J.
& J.
S.
& O.
& O. London, L. & S. Fr. Bk
& J. N. Y., Union Trust Co.

J.
J.
M.
A.
A.
J.

6 g.
6
8
7
8 g.
6

6,071,000
2,037,000

N.

May 1.
Nov. 1,
Oct. 1,
Jan. L

July 1,1921

1%

61,000,000
27,229,000
27,236,512
13,861,000

America.

N. N.Y., Bk. of N.

&“j.

J.

7
7

136,000

100 Sic.
100

M.'&

312

1,000,000
1,000

June 1, 1910
June 1, 1920

& A. Troy, Company’s Office.
& J. N. Y., Nat. B’k of Com.
do
do
& 8.
do
do
& O.

200,000
400,000
1,609,000
1,384,000

3,000

.

1875

1,038

te-

650,000

1876

1,825

J.

250,000
250,000

60

Pacific—Stock

6
6
6
6
6
6 g6

,

500 &c.
53

J. & J.

2,250,000

100

& D. New York and St. Louis.

6 g.

250,000
2,250,000

1,000
1,000
1,000

Dividend.

J.

1,547,662

50

102

"

jUiV/A

•

•

53

Clearfield—Stock
Ulster d Delaware—1st mortgage.
2d mortgage income bonds
3d

1880
1880
1880
1880
1880
1881
1881

•

Whom.

6 g.
6
7
7
7
6 g.

3,000,000
7,000.000
1,250,000
1,250,000
1,000,000
1,000,000

“

pal,When Due,
Stocks—Last

Payable

Cent.

3,000,000

1,000

270
270
281
181
181
102

Tyrone &
Union

1,000

1881

1881

Equipment bonds

XV

1891

84

Troy d Boston—Stock
1st mortgage, consolidated
Convertible bonds
New mortgage bonds (for $1,000,000)
«

1,000

1852

Wliere Payable, and by

j

2,128,000
239,500
125,000
265,000
1,260,000

26

Cincinnati Div., 1st mortgage, gold...
do
income, non-cumulative
Frankfort & Kokomo, 1st mortgage, gold

Amount

500

-

Toledo Delphos d Burlington—Stock
1st mortgage, Toledo to Kokomo

18759-60

1880
1880

.

not cumulative

When

$2,128,000

266
190
54

54

Toledo Ann Arbor d Grand Trunk— 1st mort.,
Toledo Canada Southern <£■ Detroit—Stock
Toledo Cincinnati d St. Louis— 1st mortgage,
2d

$1,000

and 2d on road.

Tioga RR- 1st mortgage
Consolidated mortgage
Extension bonds

OR

Outstanding

goid

Texas d St. Louis—t'irst mortgage,
Income bonds. 1st rnort. on land

notice of any error discovered in these Tables.
[Bonds—PrincT
INTEREST
DIVIDENDS.

Date Size, or
Par
of
Road. Bonds Value.

Miles
of

[Vol. xxxiv.

Sept. 1, 1893
1887

April, 189f
July 1, 1908
Miles.

Miles.

road. Texarkana to Waco, 250 Junction City & Fort Kearney 70 Denver & Boulder Valley
28
6
iqiles. Construction is in active progress on the Missouri and Arkansas Solomon RR
57 Golden Boulder <fc Car
divisions, and the company expects to have a line from Bird’s Point, Salina & Southwestern
36
1,972
opposite Cairo, to Texarkana, a distance of 400 miles; also an extension St Joseph & Western
252 Total controlled
of the line from Waco to Gatesville, 45 miles, and the Dallas Branch,
Cen. Br. U. P. Si leased roads. 334 Tot. operated Dec. 31, 18S0. 3,792
from Mt. Pleasant to Dallas, 125 miles, with a possible branch to Mem¬
Kansas Central
119
phis, 40 miles, and another to Little Rock of 50 miles, completed by the
In 1881 the Denver South Park & Pac. and other roads were added.
close of 1882. Laud grant is 10,240 acres for each mile of finished
This was a consolidation, January 24, 1880, ol: the Union Pacific
road, except on one section of 36 miles, where only 5,120 acres are Railroad, the Kansas Pacific and Denver Pacific, made under authority
received. The income bonds are a first mortgage on lands and a sec¬ of the acts of Congress of July 1, 1862 and July 2, 1864. New stock
ond on the road. Lands in Texas are not on the line of road. The
was issued for the old stock of the three companies, but their bonds
stock authorized is $12,000,000. J. W. Paramore. President, St. Louis.
remained unchanged. (See Chronicle, V. 30, p. 118.)
The company,
—(V.32, p. 101, 288, 544; V. 33, p. 102, 404, 624, 716 ; V.34, p. 79, 147.) under acts of Congress above-named, took a land grant oi 12,800 acres
per mile,
acres, and a
Tioga—September TO, 1880, owned from Arnot, Pa., to State line New bonds of estimated at a total of 12,083,227 principal of subsidy in U. S.
$27,236,512. The interest and
this loan is to
York, 44 miles; branch,.Blossburg, Pa., to Morris’Run, Pa., 4 miles;
leased, Elmira State Line Railroad, State line New York to N. C. Rail¬ he paid according to the “Thurman Act,” which requires 25 per cent
way Junction, 7 miles; total, 55 miles. The stock is $580,900.
In of the net earnings, after deducting interest on the first mortgage
1879-80 gross earnings were $393,766 and net earnings, $103,448. F. bonds, to be paid annually to the Government as follows: FirstApplied directly to interest account, one-half of Government earnings
N. Drake, President, Corning, N. Y.
Second—To be placed in the sinking fund—the other half of the Govern¬
Toledo Ann Arbor d Grand Trunk.—A consolidation, Oct., 1880, of ment earnings; five per cent of net earnings, after deducting interest on
Toledo Si Ann Arbor and Toledo Ann A. Si Northeastern railroads. Line first mortgage bonds; so much of $850,000 as may be necessary to
make 25 per cent of net earnings. The annual report for 1880 was pub¬
from Toledo to Pontiac, 84 miles, connecting with Grand Trunk of
Canada. In 1880, 46 miles finished, and whole line to be completed lished in V. 32, p. 285. The earnings, expenses, income account and
Sept., 1881. Bonds offered in New York, June, 1881, at$15,000 per mile balance sheet were as follows:
by Anthony, Poor & Oliphant. Stock, $1,900,000. See Chronicle June
EARNINGS AND EXPENSES FOR 1879 AND 1880.
1880.
1879.
18,1881, p. 651; V. 33, p. 155.)
$5,171,114
$4,236,869
Toledo Canada Southern <£* Detroit.—Toledo, Ohio, to Detroit (G.
234,010
169,927
T. Junction), Midi., 55 miles. Road opened September 1, 1873.
In Passengers—Government.
13,406,910
10,572,805
1879 gross earnings were $416,544; operating expeusee, $461,498;
469,025
443,435
deficit, $44,954. 1'iie bonds were partly exchanged into Canada Southern Freight—Government.
3,342,572.
1,051,154
first mortgage bonds at 70 per cent of face value. In March, 1881, a
719,349
685,712
foreclosure suit was begun. (V. 32, p. 336.)
Mail
681,818496,218
Express
430,333
Toledo Cincinnati d St. Louis.—This is the connecting line (narrow Miscellaneous.
384,142
Texas & St.

Louis

—

Narrow gauge

tuis. For each $9,500 in cash, subscribers progress 270 miles to St.
Suge) of the Toledo Delplios & Burlington in received $10,000 in 1st

mortgage bonds, $5,000
V. 33, p. 48. 433, 718.)

181
miles.
RR.,
Cincinnati & St. Louis RR. John M. Corse, President, New York. (V. 32,
p. 6, 101, 206, 288, 313, 613; V. 33, p. 73. 126, 386, 442, 470, 718; V.
Toledo

Delphos d

34, p. 179.)
Troy d- Boston.—September 30,1880, owned from Troy, N. Y.,
mont State line, 35 miles; leased: Southern Vermont 6 miles;

to Ver¬
Troy &

Bennington, 5 miles; total operated, 46 miles. Net earnings in 1879-80,
$269,621; interest, $188,368; rentals. $27,400. The floating debt
Sept. 30, 1880, was $328,931, against $380,648 in 1878-9. Operations
and earnings for five years past were as follows
Div’d
Net
Freight (ton)
Passenger
Gross
ct.
Mileage. Earnings Earnings. p. 4
Mileage.
Years.
Miles.
13,908,977 $566,540 $268,206
53
5,605,546
4
276,614
560,764
16,853,882
53
6,660,492
2
274,747
560,344
23,829,494
53
6,492,660
1878-9....
..

46
46

Troy Union.—A

30,501,683
28,252,911

6,112,538

6,191,024

593,896
570,161

small road in Troy City, extending from

288,519
269,621

Hoosick Street

Bridge to Troy & Greenbush RR., 2*4 miles. Owned jointly by several
roads. Capital stock, $30,000. Bonds were issued by the City of Troy,
and are

8,368,836

10,545,119.

$9,671,429

Burlington.—Road from Toledo to Kokomo. Ind.,

miles: branch, Delphos to Dayton, O., and Shanesville branch, 102
Southeastern Division, 185 miles; Cin. Division, 22 miles: Iron
23 miles. Extension to St. Louis is in progress under name of Toledo

$22,455,134

$18,040,260

(V. 32, p. 6, 579;

incomes and $5,000 stock.

$11,910,01546-96

46-38

Expenses, ratio per cent

INCOME ACCOUNT FOR

1880.

Disbursements.
To interest on bonds.. $5,174,473

«

Net earnings
Dividends on stock

$11,910,015

370,122
640,030

Dividends, 6 per cent.
Balance forward

$13,204,416

$13,204,416

Total

SHEET DECEMBER
Assets.

GENERAL BALANCE
*

Road and

31, 1880.

equipment

Investments—Bonds and stocks of other companies
Bonds and stocks held by trustees consolidated mort—
Bonds and stocks of this company
Land Department assets—Union Pacific grant
Kansas Pacific grant
Material on hand
Balance of interest on U. 8. bonds
-

$154,743,629

*19.507,615
12,185,950
349,562

4,533,807
1.850,372
1,877,299
117,304

$185,165,541

Total

guaranteed by the companies interested.

1,779,811
3,045,738
2,656,078

for the yem*

sold, &e
Total

114,315
434,000

Discount, interest, &c
Sink, fund requirem’ts
Amount due the U. 8.

284,249

...

Interest on bonds
Prem. on bonds sold,
profits on investm’ts

Liabilities.

$50,762,306
Tyrone, Pa., to Curwensville, Pa., 44 miles; Capital stock
53,889,000
61 miles.
This company was organized Funded debt—Union Pacific Railroad
Kansas Pacific Railway, $39,095,624, less amount held
April 1,1867, after sale in foreclosure. Road completed in 1872. It
28,734,114
was leased to the Pennsylvania Railroad in 1878; rental woe $73,500.
by trustees consolidated mortgage, $10,361,510
G. B. Roberts, President, Philadelphia, Pa.
United States subsidy bonds—
27,236,512
Union Pacific Railroad
6,303,000
Ulster d Dclaicare.—Rondout (Hudson River), N. Y., to Stamford, N. Y.,
Kansas Pacific Railway
v;
74 miles. This was the Rondout Si Oswego in 1876; reorganized May
Interest accrued thereon
$26,056,256 12,133,975
28,1872, as New York Kingston Si Syracuse, and again, after foreclosure,
Less repaid by transportation
13,922,2S1
May 1,1875, as Ulster & Delaware. The stock is $1,152,100. In 1877-8 Bills
payable
$2,334,277
the gross earnings were $168,157; net earnings $31,658. Thos. Cornell
Coupons & div’s due Jan. 1, 1881 1,982,874
is President, Rondout. N. Y.
Balance due connecting roads....
388,744
1,642,070—$0,347,967
Union Pacific Railway.— December 31, 1880, mileage was as follows : Audited bills, pay-rolls, &o
3,519,834

Tyrone d Clearfield—East
branches, 17 miles; total,

Main line—
Council Bluffs to Ogden
Brarche»—

Miles.
1,037

Ogden to June. Central Pac..
Kansas City to Denver
Cheyenne
Leavenworth to Laurence....
Denver to

Total owned




5

638
106
34
1,820

Controlled—
Miles.
Omaha A Repub. Valley RR.
133
Omaha N. Si Black Hills RR..
81

Colorado Central RR
Echo & Park City RR
Utah Southern RR

Utah & Northern RR

Marysville & Blue Val. RR...
Carbondale Branch

6

178
27
235
348

37
31

4,828,132

and balances due
accrued, not yet due
account, surplus earnings
used for sinking funds

Less cash on hand

Interest
Income
Income

Land income

*

Total
Bonds (par

\ Bonds,

•

434,006

848,206
-

.*>

—

»

.....

value), $16,194,*.

$2,133,000; stocks,

782,7*26

2,521,877

64 ; stocks,

$2,875,000.

$17,608,011.

$185,165,541

Subscribers will confer
description.

a

first page

of

Road. Bonds

of tables.

106

.

140
253
394

.

do
do
do
do
do
do
do

.

s

245
34

1st

mort., coup.

.

3

427
....

1869
1879
1865
1866
1865-7
1869
I860
1860
1870
"

certificates (see
N. J. IiR.
Canal

Coupon

United
General mortgage,

remarks below)...

Companies—Stock.
....

gold, coupon..

do
dollar loan,

mortgage

loan, r eg

Joint Co.’s

plain bonds
do

do
do
N. J.

do

do

do

consol, mort. (sink’g fu
RR. A T. Co., 3d loan due state

....

or ss. j

Central—Stock
1st mortgage, gold
Utali Southern, 1st mortgage, coupon.........
do
general mortgage (far $i,9o0,000J

Utah

1st mort., guar

Utah Southern Extension,
Utah & Nevada—Stock
Utah Northern.—1st mortgage
Utah (& Pleasant Valley— 1st
Utica & Black River- Stock
Mortgage bonds
Black River & Morristown,

--

62
180
87
36
16
98
31 J

mortgage, gold
-

1st mortgage

Clayton A Theresa, 1st mortgage
Utica Chenango
Susquehanna
Utica

Valley— Stock
mortgage

Clinton\(• Binghamton—1st

securities held atclosc of the
bonds and $17,603,011 stocks, at
The

.

year

2S0
36
75
105
133

50 Ac.
250 Ac.

.

.

.

1,700,000
800,000

5,000,000

....

100,000
4,250,000
1,000,000
1,125,000

.

ioo
1,000

1871
1879

1,000
1,000

1879
1878
1879

100

....

1871
1874

500 Ac.
....

ioo

■

6 6-’72

:

268.417

S.

Pliila. and N. Y.

Offices. Jan. 10,1882
Meh. 1, 1901
Oct. 1, 1894
do

Philadelphia, Ollice.
do

O.
S.

do

A.
S.
A.
D.
N.

Philadelphia.

been secured at

New York,

.Tan.

Office.
do

do

do

J.

& J.

do

do

J.
M.
M.
J.
J.
J.
M.
J.

A
&
&
A
&
&
&
A

July

Miles.
293
373
373
373

York.105 Br’dway. July 1, 1908
1904
New York Office.
Sept. 30,1881
Utica.
July. 1801
N.Y., Nat.Bk.of Com’ce.

J. New

|
8. j

N.

J.
J. I
J. |

N.j

do

do

Jan.

do

do

N. Y., D. L. A W.

J. N. Y., Cent.

1880

Mileage.Earnings.
190,635,678 $11,824,133
8,960,697
256,134,099
8,398,534
255,027,095

143,132,968

139,245,413

332,298,977
381,885,409

146,914,158
11 l,0o<:>,3 s i

9,784,843
11,541,681

1, 1894

1. 1881
1886 A 1890

Nov.

RR.

Nat. Bank.

much less cost. Operations and earnings
canal) were as follows:
Freight (ton)
Gross
Passenger

302,188,535

1, 1890
1. 1891

July 1, 1909
July 1, 1909

past (including the
Years.

1894
1888

,

do

Mileage.

1894

do
Sept. 1, 1908
Feb. 1, 1883
Philadelphia Office.
Jan. 1, 1889
Princeton, N. J.
Nov. 1, 1889
Philadelphia Office.
Overdue.
O. N. Y., B’k of Commerce.

A J.

7
2
7
7
7
3
6 & 7

800,000

Moh. 1,
Mch. 1,
Feb. 1,

London,

S.

A J.

"l

1,772,000
1,112,000
500,000
200,000
4,000,000

500 Ac.

do

Frankf’t.

J.
J.

1

000,000

1,000

& Frankf’t.
Commerce.

rr

1,050,000
2,000,000
4,176,000

i’ooo

by transportation.

*2

6 g.
7
7

825,000

1,000

1880, amounted to $16,194,264

price of $4 03 per acre

154,000
841,000

_

A
A
&
A
&
A
&
A
M. &
A. &

6 °
0 £•
6 g.
6
6
6
6
6
6

1,800,000

their par value, of which the cost in
the balance sliCot is $19,507,615. A complete list of these was pub¬
lished in the Chronicle, V. 32, p. 285. The land department reports the
following for 1880 :
Net proceeds, Union Pacific land grant 1880 (176,201 acres)
at average of $1 82 per acre)
$669,346
Net proceeds Kansas Pacific land grant 1880 (100,382 acres),
at average

18796.

5,000,000
2,000,000

do
do
do

& J. N. Y., Lond. &

M.
A.
M.
M.
F.
M.
F.
J.

(>

May 1, 1890
May 1, 1919
Aug. 1, 1895
June 1, 1896
1895 to '97
May 1, 1899
Jan
1, 1896
July 1, 1916
July 1, 1880

of Commerce

& N. N. Y., Loud.
& N. N. Y., Bk of
do
& S.

Q'-j.

2*2

1,840,000

1870

•

6 A 7

2,021,077

Whom..

N. N. Y.t Bk.
do
N.
do
A.
do
I>.

Payable

7K-

21,000,400

-

!

'M.
M.
M.
7
7 g. J.

202,000
1.073,500
54,000

1,000

...

.

6

6,300,000

1,000
1,000

ioo
1871
1871
1871
1871
1871
1878
1853
1854
1862
1863

£ £•
6 ff.

6 g.

4,003,000
6,303,000

&
A
&
&

M.
M.
F.
J.

7'g.

Stocks—Last
Dividend.!

Payable, and by

Payable

2,240,000

"

*

"

When

Cent.

$137,000
12,002,000

1,000
1,000
1,000

pal,

Where

Rate per

Outstanding

$1,000

Bonds—Princi¬

INTEREST OR

Amount

Par
Value.

379

....

do
do
do
do

Size, or

Date
of

Miles

-

Pacific— (Continued )-

Union

notice of any error discovered in these Tables. Duo.
DIVIDENDS.
When

great favor by giving immediate
a

on

AND BONDS.

KAILKOAD STOCKS

1882.J

‘f'EBRWARY,

for five years
Div

Net

Earnings. p. ct.

$5,074,017

2,694,480
2,895,592
3,283,981

3,329.473

10
in

10
: o

l(y

280 miles. This was a
Central, Utah Southern and
York Stock Exchange
(V. 33, 687.)
of January, 1880
Utah <£• Nevada—Salt Lake City, U. T., to Stockton, U. T., 40 miles.
Leaves net proc’ds since Feb. 1, when accts. were consolidat’d,
as-per balance of “ Land Income” acct., genT balance sheet. $848,206 The Utah Western made default January 1, 1878, and the road was held
by trustees for the bondholders, and was foreclosed Nov. 3, 1880, and
Of the Union Pacific collateral trust bonds, the issue is limited to 80 per
this company organized with $2,000,000 stock.
(V. 32, p. 356.)
cent of the following bonds: Omaha A Republican Valley RR, $850,000;
Colorado Central Railroad bonds, $2,526,000; Utah Northern Railroad,
Utah Northern
In progress from Ogden, Utah, north into Idaho
about $3,4S0,000; total, $6,856,000. The collateral trust bonds area
Territory. Two hundred and seventy-five miles built March, 18S0. The
direct obligation of the Union Pacific Company, and have as their security
road was sold iu foreclosure March 28, 1S78.
Transferred to present
the first mortgage bonds of the roads named pledged with the trustees.
The excess of interest collected on hypothecated bonds—say $22,000 per company May 1,1878. Stock issued to Decomber 31, 1880, $4,170,000.
The road is mainly owned and built by the Union Pacific. For the year
year—forms a sinking fund to reduce the principal. An increase of 1880 the gross earnings were $1,016,060; net, $552,416. (V. 33, p. 93,
$10,237,700 in the capital stock was made in February, 1881, by issuing 346.)
tliat amount to stockholders ol’ record Feb. 1, at par.
The Kansas Pacific extended from Kansas City, Mo., to Denver. Col.,
Utah <0 Pleasant. Valley.—Line of road Provo, Utah, to Pleasant Val¬
639 miles, with Leavenworth Branch, Lawrence to Leavenworth, 34
miles, rt was organized as “ Leavenworth Pawnee & Western” in 1861, ley. Utah, 60 miles. Road opened iu 1879. Stock, $750,000. Bonds sold
in New York in 1880.
then changed to “Union Pacific, Eastern Division,” June 6, 1863, and to
‘‘Kansas Pacific” on March 3, 1869.
The Pacific Railroad acts of 1862
Utica d; Black River.—Sept. 30, 1 SSI. owned from Utica, N. Y., to
and 1864 applied to this road, and gave it a subsidy of $6,303,000 and a
land grant of about. 6,000,000 acres. The lands mortgaged were put in Philadelphia, N. Y., 87 miles; leased lines to Morristown, N. Y., to
two trusts, 2,000,000 acres in the first, from the first to tlic 380th mile Ogdensburg, to Sackett’s Harbor and to Clayton, 93 miles in all; total
westward, covered by the first and second land mortgages, and from sales operated, 180 miles. The company lias paid its rentals and moderato
The general account, September
of these lands there fire $1,095,079 land notes held. The 3,000.000 dividends for a number of years.
acres in the second grant, from the 380th mile westward, are covered
30, 1381, was as follows, condensed:
Total
Net proceeds of other lands
Total net proceeds for the year
Deduct net proceeds for the month

and lots

$937,764
19,754
$957,518
109,312

Utah Central—From Ogden, Utah, to Frisco,
consolidation July 1, ISal, of the Utah
Utah Southern Extension. Stock placed on Now
Dec., 1831. Sidney Dillon, President.
p.

—

%

hy the Denver Division mortgage.
'The outstanding* bonds of Kansas Pacific
amounts of each class held by the trustees of

above are given less the

the general mortgage. The
amount, of $2,921,977 in coupon certificates is made up of $297,780
from Eastern Division bonds, $541,050 from Middle. Division, $1,000,893
from Denver Extension, $16,000 from Leavenworth Branch and about
$5,000 from the land grant bonds.
The. second land grant mortgage, with various otberdionds, was taken
up with the general consolidated mortgage of May 1, 1879, which covers
road and lands; the trust ees of that mortgage are Jay Gould ami Russell
Sage, and they held in trust on Jan. 1, 1881, the following bonds or the
Kansas Pacific, making .$10,361,510 in all, viz.:
Leavenworth Brandi,
$308,000; first land grant, $1,426,750 ; second land grant, 1A4.8G,000 ;
income (unsubordinated) bonds. $165,400; income (subordinated) bonds,
$1,500,000; Leavenworth Branch, coupon
$10,2701 first land grant., coupon certificates, $243,615;

$3,030,400; funding bonds,
certificates,

Pacific bonds,
and $2,133,000 of
In funding
other bonds into the consol, mort., the old Kansas Pacific securities were
i exchanged at par, except-as follows: The “funding mortgage” bonds
received nothing for 5 overdue coupons; Leavenworth branch and un¬
stamped incomes at 50 per cent and nothing for over-due interest;
stamped incomes at 30 per cent; second land grant at 50 percent.
grant, coupon certificates, $159,075; Denver
$1,990,000. They also held $2,875,800 of the st ocks
the bonds of other companies controlled by the Union Pacfic.
second land

Stock
Bonds

Sundry accounts
Surplus fund

and balances

f...ff

Total

Road and equipment
Leased lines, stocks, bonds

and advances

Sundry accounts
Cash

.

J.-iconic

Net income,

$2,878,702
311,367
7,753
02,100— $3,259,922

Account :

f— $255,633
$81,410
71,723 224,013

all sources

Interest

Rentals

70,889—

Dividend, <4 per cent
Balance, surplus
Add surplus, Sept. 30,

$1,772,000
1,112,000
55,645
320,277
$3,259,922

!8

iu

$31,595
288,682

.:
$320,277
The surplus is chiefly represented by advances to leased lines. Tho
Ogdensburg extension is doing well, and promises to be a good invest¬
The interest on Denver Extension bonds (sevens due May 1, 1899)
ment.
Operations and earnings for five years past were as follows : Div.
was reduced to 6 per cent.
Net
Gross
Freight (ton
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
Passenger
Earnings. Earnings. p. ct
Mileage.
the charter of the Union Pacific, E. D. (Kansas Pacific), and opened
Mileage. '
Miles
6
Years.
5,005,107 $ 153,570 $220,201
January 1, 1871. The Denver A Boulder Valley was opened under a 99 1876-7..
5,330.245
170
4
239 292
453,145
5,205,905
year lease from 1873. The company made default, and a receiver was
5,200,230
170
2
1377-8..
181,977
475,508
0,002,017
appointed April 4, 1878. The stock of $1,000,000 went into this consoli¬ 1378-9..
5,221,906
180
4
315,771.
590,760
9,201,785
dation January 24, 1880, and the bonds are t.o be retired with the con¬
5,830,600
180
4
1379-80
246,780
693,170
solidated mortgage of the Kansas Pacific. (V. 32, p. 92, 123, 232, 285,
7,377,199 12,918,373
ISO
1880-81
412,600,600, 687; V. 33, p. 12, 46,93, 126, 359, 470,491,624,612.
V. 31, p. 113.)
Surplus, Sept. 30,

IS r 1

-

...

...

...

.

..

..

736; V. 34,

p.

-(V. 32, p. 205 ;

11G, 178.)

United New Jersey Till. <f- Canal
to Philadelphia and branches, 123

Companies.—Lines of road. New York

miles; Camden to Amboy and branches,
152^: miles; Trenton to Manunka Chunk and branches, 103 miles: total
operated, 379 miles. Delaware. & Raritan Canal, 66 miles. The United
New Jersey Railroad & Canal Companies were leased in May, 1871, to the
Pennsylvania Railroad for 199 years, at a rental of 10 per cent outlie
stock, besides interest on bonds. The smaller leased roads were taken
with their several contracts. The Belvidere Delaware was leased to the
Pennsylvania Railroad March 7, 1876, and since January 1,1877, has
been operated as the Belvidere Division of United New Jersey Railroad
system. The net earnings are paid over to the lessors in full as rental.
The lease has not been profitable in cash receipts to the Pennsylvania

Ulica Chenango <0 Susquehanna
Utica, N. Y., to Green, N. Y., 76
miles; total, 98 miles. Road
Lackawanna A Western at 6 per
Gross

earnings,

payments,

Valley.—Sept. 30, 1880, owned

from

miles; branch to Richfield Springs, 22
opened October. 18 72. Leased to Delawaro
cent on stock. Has no bonded debt.
1879-80, $541,616; net earnings, $261,873; dividend

$240,000.

owned from Utica, N.Y.,
22,1872, and leased to
lease was transferred to
the Delaware A Hudson Canal Go., which pays tho rental of $70,000 per
The road is operated by the Delaware Lackawanna A Wester^.
Railroad, and the not loss in 1879 was $939,889. and in 1880 $1,035,- Gross earnings in 1879-80, $82,553; net earnings, $30,727. Capital
308; but the connection with New York was indispensable to the Penn¬ stock. $636,285. Isaac Maynard, President, Utica. N. Y.
sylvania




Railroad, and it is only a

question whether it might

not have

J Binghamton.—Sept. 30, 1880,
Valley, N. V., 3L miles. Opened June
& Oswego Midland Railroad. The

Utica Clinton

to Smith’s
New York
annum.

RAILROAD

lvi

explanation of column headings, Ac., see
on first page of tables.

notes

Dale
Miles
Size, or
Par
of
of
Road. Bonds Value.

11

Valley (N. T.)~ Stock
Valley (Ohio)—Mortgage for $1,000,000
Valley (Va.)— 1st mortgage bonds

....

1879
1871

73

Equipment loans
Stanstead, S. & Cliambly bonds

1872
59
77

(sinking fund $7,000 per year).

Convertible bonds
Vermont Valley of ’71—161 mortgage
Vicksburg <£ Meridian—1st mortgage

140
140
140

2d mortgage
3d mortgage,

income (not cumulative)
Virginia Midland -Stock, common
lstpref. stock
2d pref. stock
Bonds, 1st series

1876-90

do
3d series
do
4tli series
do
do
5tli series
do
6th series
Income bonds, cumulative

(for $4,000,000)

52
52

Virginia d: Truekce— Stock (for $6,000,000)

bonds

Wabash St. Louis <£ Pacific—Stock, common
Preferred stock, 7 per cent, (not cuumnlative)
General mortgage,

...

1865
1872
1880
1881
1881
1881

Ac.
Ac.
Ac.
Ac.
Ac.

1,000
100
100 Ac.

Too

1,000

1874

1,000

1880

gold (lor $50,000,000)

....

100
100

.

444,100

1,508,600
3,050,000
550,000
150,000
800,000

1,000,000
1,000,01)0
1,918,831
800,000
1,500,000
2,500,000
600,000
1,900,000
1,100,000
950,000

1,310,000
(?)

1,000

Dividend.

8
7
8
3
6
7
5
6
3 to 6
7

A
A
A
A
A
A
A
A
A
A
A
A

D.
J.
O.
J.
N.
D.
N.
J.
N.
0.
J.
J.

Boston, E. Blake A Co. Juno 1, 1872
Boston,Nat.Bk.of Redm July 1, 1891
Oct., 1909
St. Albans, W. C. Smith. Jan. 1, 1891
Boston,Nat.Bk of Redm Nov. 1. 1886
do
do

do
do

60,000.

Moses

Valley (Ohio).-(Y. 33, p. 247.)

St. Albans, Treasurer.
Bost., N.Bk. of Redemp.

Boston, Olfice.

Boston, Fitchburg RR.
do

1920
A. A O.
M. A N.

M. A
A
A
A

6
G
5 A 6

M.
M.
M.
M.
M.
J.

3-4-5
5
4 A 5
6
1

New York.
do

operated, and the bonds of 1871 were guaranteed by the Vermuit

Central.
In 1879 the' stockholders voted an issue of $500,000 new
bonds to take up those guaranteed bonds.
No satislactory repotts
Tiave been issued. In December, 1880, the Court decided in favor of the

Bradley Barlow, President, St.

Vermont Central (or Central Vermont).—Windsor, Vt., to Rouse’s Point,
Vt., 158 miles; branches and leased lines, 273 miles, included in the re¬
turns of the Vermont Central Company.
Other leased line, New Lou¬
don & Northern, ICO miles. This company has been through more com¬

plicated and vexatious litigation than any railroad in New England.

Poor's Railroad Manual of 1879 gives the following account of it:
"This company (Central Vermont) was chartered under its present title,

November 2, 1872.
The Vermont Central Railroad Company was
chartered October 31, 1843, and the road opened to Burlington
December 31, 1849.
August 24, 1849, it leased the Vermont &
Canada Railroad, taen under construction, agreeing to pay an annual
rental of 8 per ceit on its cost, and creating a mortgage on their own
road as security tor such payment. This lease has been the subject of
almost continual litigation since 1854. The Vermont Central Railroad
Company having defaulted on its interest and rental, the trustees under
the lease took possession of the road June 28, 1852, and it has ever

by them under direction of the court.

On the first
lease was taken of the Rutland Railroad and its
leased line, the Addison Railroad, the lessees agreeing to pay $376,000
per year, and in ad tition $40,500 a year for four years; $67,500 for two
years; $81,000 per year for six years, and $94,500 per ytar thereafter

since been operated
of January, 1871, a

This contract "was modified February 25, 1876, as hereafter stated. In
Beptember, 1861, a lease was also taken of the Sullivan County Rail¬
road of New Hampshire, at an annual rental of $25,000, hut subse¬
quently modified so that the rental depends on earnings. Abont 1867
the managers of the Vermont Central Railroad purchased the Stanstead
Shefford A Chambly Railroad, extending from St. Johns, P. Q., 43 miles,
to Waterloo., P. Q.. paying therefor $500,000 in bonds. They also took a
lease of the Missisquoi Railroad. The road from. Canada Line to St.
Johns is also operated by this company, and is practically a portion of
it, though chartered by the Provincial Parliament under the title of Mon¬

treal A Vermont Junction Railroad Co. The Vermont A Canada Rail¬
road extends from Essex Junction to Rouse’s Point, with branches from

Essex to Burlington, and from Swanton to Canada line, in all 65 miles.
The 47 miles from Essex Junction to Rouse’s Point are included in the

mileage of the Central’Vermont RR.” The road is managed by a board
of trustees appointed by the Chancery Court of Vermont. J. Gregory
Smith is President. In the two years, 1876-78, the gross earnings were
$4,076,702, and net earnings, $1.461.139. The foreclosure suit has been
pending a long time on the second mortgage. (V. 33 p. 610.) *
it

Massachusetts.—Vine of

road, Fitchburg

to Greenfield,

Mass., 56 miles; branch, 3 miles; Vermont division from Miller’s Falls,
Mass., to Brattleboro, 21 miles; total, 80 miles. The road is leased to the
Fitchburg RR. for 999 years at 6 per cent. The Vermont section is
operated under lease for fifteen years from December 1, 1870. by the
New London Northern Railroad; lease rental, $48,000 in 1880 and
354,000 per year afterwards. But in May, 1880, it was sold to New
London Northern.

Vermont Valley of ’71.—March 31, 1831, owned from Bellows Falls to
Brattleboro, Vt., 21 miles, and by purchase of stock the .Sullivan County

Railroad from Bellows Falls to Windsor, Vt.. 26 miles; total, 50 miles.
The Sullivan County road was not operated till June, 1881. Net earn¬
ings of both roads year ending March 31, 1881, was $107,007. Divi¬
dend of 2 per cent paid Jan. 2, 1882.

Vicksburg it Meridian —Line of road—Vicksburg to Meridian. Miss.
The company was unable to earn full interest, but paid so far as earned.
It lias a land-grant of about 400,000 acres. Reorganization was made
in 1881 with bonds :n above when all issued, and preferred stock for
$1,496,482 ; common stock, $
v—. (V. 32. p. 71),
Gross earnings. Net earnings
i
$111,685
$105,829
: 430,428
123,364
;
329,175
70,314
424,389
129,386
.

April 1, 1921
May 1, 1921
June 1, 1921

.

Q.-F.

San

Mar.
Mar.
Mar.
Mar.
Mar.

1,
1,
1,
1,
1,
Mar. 1,
Jan. 1,

Fran., Bank of Cal.
....

.

1 *2
6 g.

15,000,000

Baltimore.
S.
do
do
S.
do
S.
A S
do
do
A S.
A J. New York or Alexand’a.

S.

Q.-F.
J.

A D.

1921
1926
1931
1927

Aug. 1, 1889
Nov. 15, 1881
June 1, 1920

c
!

29, 1880.
Cr.

Dr.

Road and equipment.. .$3,046,563
Extension to Miss. Riv.
88,542
Miss. Riv. landing front
50,100
Extension tonnage dues
60,009
Bills receivable
38,185
Profit and loss
1,294,330

32, p.

191G

....

N. Y., Co.'s Agency.
©
&

BALANCE SHEET OF GENERAL LEDGER, FEB.

-(V.

if00
1911

M’ntlily

....

22,615,100

Total

Vermont & Canada.—Erne's. Junction, Vt., to Rouse’s Point, Vt.. 47
miles; branches—Essex, Vt., to Burlington, Vt., 8 miles; Swan ton, Vr.,
to Canada line, 10 miles: total, 65 miles. This road has been mixed up
inextricably with tlie Vermont Central, by which it was leased and

priority of this company’s bonds.
(V. 33, p. 610.)

July 1, 1883
July 1. 1885

do

$357,407

Capital stock
Preferred stock
Funded debt
Bills payable
Laud scrip

1,042,517
3,135,525
41,449

'834

Tota

Valley (Fa.)-(V. 32, p. 687 ; V. 33, p. 17S, 562

Albans, Vt.

1891
1876 to 1889
Jan. 1, 1887
1902
Oct. 7. 1881

::::

800,000
22,909,700

Binghamton*

1881

....

J.
J.
1 A.
1 J.
M.
J.
M.
J.
M.
A.
J.
J.

4
8
5
7
7
7

50,000
500,000
3,000,000
1,500,000
1,500,000

Stocks—Last

Whom.

N. Y., D. L. AW.

....

....

1,500,000

Payable, and by

!

3284,641; net earnings, $167,121.
Dividends paid,
Ifcylor, President. New York City. (V. 32, p. 92.)




4

(?)

2,404

Valley (N. F.) Railroad— Sept. 30, 1880, owned from

Vermont

f V ol. XXXIV.

Rate per When Where
Cent. * Payable

$750,000

1,775,000

N. Y., to State line of Pennsylvania. 12 miles. Opened October, 1871Leased to Delaware Lackawanna A Western. Gross earnings in 1879-80*

-

Outstanding

i,000

1881
1881
1881
18S1
1881
1881
1882

series

1st mortgage

500 Ac.

500
100
1866
100
1866
1866-9 500
100
1.867

Vermont <t Massachusetts—Stock

Amount

(?)
3,000,000
1871

Bonds, guaranteed by Vermont Central
Mortgage bonds
Missisquoi Railroad bonds
Vermont Central— let mortgage, consolidated
2d mortgage, consolidated.

2d

$....

73

Vermont A Canada—Stock

let mortgage

BONDS.
INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND

$4,577,732

$4,577,732
71,611, 660; V. 33, p. 75, 125; V. 34, p. 205.)

Virginia Midland.—February, 1881, owned from Alexandria to
Gordonsville. 88 miles; Warrenton Branch, 9 miles; Charlottesville to
Lynchburg, 60 miles; Lynchburg to Danville, 60 miles; Pittsville
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 49 miles leased to Balt. A Ohio);

Front Royal Branch, 1 mile;
Leased, Orange C. H. to*" Charlottesville, 28
miles; Pittsville to Rocky Mt., 30 miles; total leased, 58 miles. Total
owned and leased, 405 miles. The Washington City Va. Midland A Gt.
Southern was a consolidation (Nov., 1872) of tne Orange Alexandria
Sz Manassas and Lynch’g A Danville railroads.
The Grange Alex¬
andria A Manassas was a consolidation (June 1, 1867) of the Orange 6c
Alexandria and the Manassas Gap.
The Washington City Virginia Mid¬
land 6c Great Southern was put into the hands of a receiver Julyl,
1876, interest being m default, and was sold in foreclosure May 13, 1880,

total owned, 347 miles.

after litigation sold again Dec. 20, 1880.
Reorganized as Vir¬
ginia Midland, and bonds and stock issued as above.
The Baltimore & Ohio had large claims against the company for
that company and the Garretts
coupons, and after reorganization
sold their large interest, amounting to $3,00 >,000 in stock, to the Rich¬
mond 6c Danville Sj'udicate. The plan of reorganization which was
agreed to will he found in the June, 1881, Supplement under Washing¬
ton City Virginia Midland A Great Southern.
Of the above bonds, the first series is a tirst lien between Alexandria
and Gordonsville, including lease of Charlottesville A Rapidan Railroad
and the Warrenton Branch; the second series is a second lien between
Alexandria and Gordonsville, including Warrenton Branch and lease of
Chmlottesville A Rapidan RR., and a first lien between Charlottesville
and Lynchburg; the third series is a third lien between Alexandria and
Gordonsville. including Warrenton Branch and lease of Charlottesville
& Rapidan RR., and a second lien between Charlottesville and Lynch¬
burg; the fourth series is a fourth lien between Alexandria and Gordons¬
ville, including Warrenton Branch and lease of Charlottesville A Rapidan
RR., and a third lien between Charlottesville and Lynchburg; the fifth
series is a first lien between Manassas Junction and Harrissonburg, in¬
cluding Front Royal Branch and lease of road from Strasburgto Harris¬
sonburg to thu B. A O. RR and a fifili lien between A lej^andria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
6c Rapidan RR., and a fourth lien between Charlottesville and Lynehburg; the sixth series is a first lien between Lynchburg and Danville,
including Pittsville Branch and lease of Franklin A Pittsylvania RR.,
and a sixth lien on lease of Charlottesville 6c. Rapidan Railroad.
The $4,000,000 income bonds are issued to retire 1st and 2d preferred
stock, every 10 shares of preferred to be entitled to exchange for 10
shares of common and a $1,000 income bond. The company will issue
additional common stock, making the total $6,000,000, and from any
surplus stock (after above exchange is made) each present; shareholder
willreceivc one additional share. Earnings for lour years were:
Miles.
Gross earnings. Operat’g exp’ses. Net earn gs.
359
1876-7.
$1,026,185
$678,595
$347,590
and

,

1877-8.
1878-9.
1880.

310
318
354

925,044

954,737

223,553
347,081
579,773

701,490
607,655

1,247,576
667,802
-(V. 32, p. 6, 71, 92; V. 33. p. 256, 275, 624.)
Virginia d: Tnickce.—Reno, Nev., to Virginia, Nev., 52 miles; branch
line, Silver Junction to Silver City, 2 miles; total, 54 miles. Road
opened November, 1869. The bonds are payable $160,000 per year at
option of company. Gross earnings in 1880 were $1,124,300; net,

$449,746; dividend payments, $180,000; per cent
Mills, President, San Francisco. (V. 32, p. 687 )

not stated. D. U.

Wabash Railway

Wabash St. Louis (f: Pacific.—A consolidation of ilie
with the St. Louis Kansas City 6c Northern, November

30, p.118).
Dec. 31, 1880
Main line—

1, 1879.

mileage was as follows

-Miles.
Toledo, O., to Kansas City, Mo. 711

Branches—
Decatur to Quincy,
Bluffs to Hannibal

Ill

Clayton, 111., to Keokuk, la...
Edwardsv., Ill., to E. Cross’g
Ferguson, Mo., to St. Louis...
Salisbury, Mo.,to Glasgow,Mo
Brunswick, Mo.,to Council I>1.
Moberiy, Mo., to Ottumwa, la.
Roseberry,Mo.,to Clarinda.I-a.
Urbana, Ill., to Havana, Ill...

151

50

36
10
11
15
224
131
22
100

(bee

Miles.

White Ilcath to Decatur, Ill..
State L.,1ml., to Burlington,la.
La Ilarpe, Ill., to Warsaw....
Keckuk. la., to Van Wert.....
CentreviLle to Albia
Mavsville to Pittsfield, Ill—
Total owned
Lines leased—
Chicago to Altamonf,

31
2L>

32
148

~b
b

1,919
111

Streator, Ill.,toStreator June.
Shumway to Effingham. Ill...

214=

41
9'

February,

KAILROAD

1882. J

Subscribers will

confer a great favor by giving

description.

1st mort.,
1st mort.,
1st mort.,

131
262
270
112
87
143
75
167
180
33
29
75
167
180
490
109

bonds on Champaign Hav. &

bonds on Chicago & Strawn

gold, on Cairo Division
gold, Detroit Division. ..

gold, Indianapolis Division

mort,, gold, Iowa Division
....
Wabash, 1st mort. (Toledo & Illinois)
do
1st mort. (Lake Erie, Wab. & St. L.)
do
1st mort. (Great Western of 1859)
do
1st mort. (Quincy Ac Toledo)
do
1st mort. (Illinois & Southern Iowa)
do
2d mortgage (Toledo & Wabash)
do
2d mortgage (Wabash & Western)
do
2d mortgage (Great West, of 1859)
do
Consol. M., (on all but Dec. & E St.L.)..
do
1st mort., (Decatur A E. St. Louis)
Funded debt bds (sec.by dep’sit of coups.)
do
do
Mort., gold, sink. fd. $25,000’after ’32..
do
Seney mortgage
Hannibal & Naples, 1st mortgage
St. L. K. C. &No., 1st mort. (North Missouri)
real estate A railway 2d mort....
do
do 1st & 2d M.onSt. Char. Bridge,coup.or rg
do 1st a!., Omaha Div., gld, 8. f., coup.or rg
1st

....

....

600
50
354
354
....

146
22
237

do 1st mort.. gold, Clarmda Branch
Toledo Peoria A West,, 1st mortgage
do
1st pref. income, oonv., int. guar..
do
2d pref. income bonds
Quincv Mo. A Pacific, 1st mort., gold (int. guar.).

102

83
49
18
18
18

Peoria* Pekin A Jacksonville, 1st mortgage
Ware River—Stock (guaranteed)
Warren (N.J.)—Stock
2d mortgage
1st consol, mortgage

-

Wasatch <£ Jordan Yalle:y-Gold bonds

....

105
93
22

Centralia to Columbia, Mo—
Of this, 1,176 miles are on

Date
of

Size,

St.

Par

Outstanding

1880

$1,000
1,000
1,000

4,500.000

1,000

1,000
1,000
1,000

1,000
1,000

1,000
500 Ac

1,000
....

1,000
1,000
1,000

1865

1874
1878
1879

1.000

1879

1,000

1880
1880

1,000

1,000

1,000

1879

1,000

1864

500 Ac.
100
100

....

1855
1870

....

1875

....

....

....

76
560

(non-cumulative); then

to 7; then both share in any surplus.
The annual report for 1880 was published in the Chronicle, V. 32, p.
310. An abstract is as follows:
common

FREIGHT AND PASSENGER TRAFFIC.

*1879.

Number of tons hauled
4,533,187
Number of tons hauled one mile
1,105,783,399
Average rate per ton per mile
00-362 cts.
Number of passengers carried......
1,992,763
No. of passengers carried one mile..
97,774,570

3,505,391
792,422,732
00-724 cts.

1,421,059
80,329,169
Average rate per passenger per mile
02-398 cts.
02*514 cts.
The statistics for 1879 are for the Wabash and St. Louis Kansas City
A Northern railways proper, no figures for 1879 of lines acquired iu
1880 having been ascertained.
*

COMPARATIVE STATEMENT OF EARNINGS.

1879.*

1880.

Freight
Passenger

$6,476,275
2,168,319

$9,532,334

Mails

216,207
170,918
92,387
$9,124,139
$
t
68-09
1,655
$5,512

221,076
286,430
.43,818
$12,428,111
$7,787,348
62 65
1,942

Express
Miscellaneous

Operating expenses
Operation cost

2,344.451

.

Average number of mi!os operated

Average earnings per mile
*

$6,398

Includes the earnings for the corresponding periods of 1879 or lines
operated in that year acquired in 1880.
t The operating expenses for ’79 of lines acquired iu ’80 not ascertained.
INCOME ACCOUNT.

The

earnings for the

year ending Dec.
Add received for rent of tracks, Ac
rpi

The

operating

expenses were

31, 1880, were

$12,428,111
33,601

$12,401,713

(62 per cent)

Not,.

7,787,348

$4^674,364

-

Appropriated

as

follows:

Interest
Rentals
Taxes, rent of

$2,657,359
483,255
cars and miscellaneous
514,568—$3,655,184
Leaving surplus for the year over fixed charges
$1,019,180
The rentals of the Western Division on leased roads include 7
per cent
on $322,509 bonds of St. Louis & Cedar
Rapids Railroad; 7 per cent on
$3o7,700 bonds of St; Louis Council Bluffs & Omaha; 7 per cent on
$174,000 of Brunswick & Chillicothe; 7 on $100,000 Boone Co. A B.;
7 on $357,000 St. Louis & St.
Joseph; and 7 percent on Kansas City
Bridge and the Union Depot, St. Louis, $715,000.
.

CONDENSED BALANCE SHEET DEC.
,,

.

31, 1830.

2>r.

«

Cost of

road, equipment, Ac
eundiy securities on hand
Supplies on hand
Barney & Smith Manufacturing Co., cost of cars..
Expenditures for construotion and equipment *

;...
...

$21,614,500
20,453,000
$42,067,500

Preferred stock
capitai stock

Bonded debt

mSLpayableBalances, consisting

42;094;858

^~7wii mort. bonds have
ocn
.

-----

of audited vouchors, interest accrued

but not due,
taxes, &c
income account since Jan.
^

$83,923,952
286,119
873,875
146,250
2,970,278

$88,200,475

Cr.

Common stock

1,1880

336,702
2,682,233
1,019,180

$88,200,475

since been sold to provide for this expenditure,

e?re •8toch: °* the new company was Issued for preferred stock of
rrSJrri’ B°bis Kansas City & Northern, and for one-half of Wabash stock;
stocif of new
tiio

^

af

company was issued for the St. Louis Kansas City
-Northern common and for one-half of Wabash stook. The Trustees of




Ivii

error discovered In these Tables.

1875-69.

g.

i

'

7
g.

g.
g.

g.

When

Payable

Ronds—Prim i-

6 g.
7

925,000

1,000,000
750,000
1,800,000
750,000
600,000

3L}
3 Hi
7
7
7

884.000

pal.Wlien Dim.

Where Payable, and by
Whom.

J.
J.
J.
J.
J.
M.
F.
F.
F.
M.
F.
M.
M.
M.

A D.
X. Y., Co .’s Agency.
A J
do
do
A J.
do
do
A J.
do
do
A D.
do
do
A S.
do
do
A A. N. Y., Metropolitan B’k.
A A.
do
do
A A.
do
do
A N.
do
do
A A.
do
do
A N.
do
do
do
do
A N.
do
A N.
do
do
do
Q.-F.
do
F. A A.
do
F. A A.
do
do
do
do
A. A O.
do
do
J. A J.
do
J. A D.
do
J. A J. N.Y., Nat Bkof Com'rce
M. A S.
do
do
A. A O.
do
do
A. A O.
do
do
F. A A.
do
Jo
do
do

Stocks—Lasi

Dividend.

Dec., 1910
July 1, 1910
Oct. 1, 1931
July 1, 1921
Jan. 1, 1921
Mar. 1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aiig., 1888
Nov. 1,

-

1890

Aug. 1, 1882
May 1. 1893
May 1, 1878

May 1, 1893
Feb., 1907
Aug., 1889
Feb. 1, 1907
April 1, 1909
Jaii., ’81 & ’82
June 1, 1909
July 1, 1895
Sept. 1, 1895

1903-1903

April 1, 1919
Aug. 1, 1919
Oci.

lr 1917

....

1,000,000

1§£0

Dec. 31,18S0.2,479

1880.

g.
g,
g.

n

7
7
7
7
7
7
7
6 A
2,940,357
7
1,400,000
7
611,000
7
500,000
7
6,000,000
7
3,000,000
1,338,500 6 A 7
7
2,350,000
6
264,000
7
4,500,000
4
2,900,000

250 Ac.
100 Ac,

On Sept. 28,1881. the stockholders confirmed the pur¬

(See V. 33, p. 126.)

900,000
2,500.000
2,496,000
500,000
300,000
1,000,000
1,500,000
2,500,000
2,610,000
2,700,000

1,000
1,000

the Eastern Division, 882 miles on the

Preferred stock has a prior right to 7 per cent

2,209,000

1,000

1877
1879
1877
1879

6
5
r»
6
6
6
7
7

3,857,000
2,052,000
2,000,000

1,000

chase of Cairo A Vincennes railroad, the Danville & Southwestern, and
the St. Louis Bridge, and the total mileage, Oct., 1881, was reported at

3,257.

Rate pe"
Cent.

$1,600,000

1880
18 SI
1881
188 L
1881
1853
1853
1863
1865
1862
1853
1858
1865
1867
1869

Western Division and 421 miles on the Peoria Division.
In July, 1881, the Peoria Pekin & Jacksonville, 83 miles, the Indianap.
reru & Chicago, 161 miles, and the Springfield & Northwestern, 47
miles, were reported as sold to this company. Butler A Detroit line was

opened July 6.

Amount

Value.

Joseph toN. Lexington,Mo

Total leased.
Total operated,

BONDS.

INTEREST OR DIVIDENDS.

or

Miles.

Miles.

Milan, Mo....
Logansp’t.Ind., to Butler,Iud.
Quincy, Mo., to

AKD

immediate notice of any

Road. Bonds.

Pacific-!Continued ) V est

Wabash St. Louis &
1st inort.
1st mort.

Miles
of

Ac., see notes

explanation of column headings,
on first page of tables.

Frtr

STOCKS

J.
J.
J.
A.
A.
M.
M.

A

A
A
A
A
A
A

J. N.Y.,Metropolit’n N.Bk Oct. i, i909
J. N. Y., Imp. A Trad. B’k
July 1, 1894
J. Boston, Bust. A Alb. RR.
Jan. 4, 1882
O. N.Y., Del., L. A W. RR.
Oct., 1881
O.
do
do
April 1, 1909
S.
do
do
March 1, 1905
N.
N. Y., Kountze Bros.

the general mortgage for $50,000,000 are the Central Trust Co. of N. Y.
and James Cheney of Indiana. It provides for taking up all the old
bonds as they mature, or by exchange at any time the holders offer

them, and reserves $33,000,000 for that purpose; and the bonds so taken
up are not canceled but remain in the hands of the trustees as the prop¬
erty' of the trust. Th<m $6,000,000 are assigned for equipment and per¬
manent improvements, and the balance of $11,000,000 for the acquisi¬
tion of new roads, &o. All the roads owned and ali the right and title to
roads leased and controlled are covered by the mortgage deed.
Tho
mortgage may be foreclosed after six months’ default of interest, if a
majority in value of all the bondholders so request the trustees. First
mortgage on St. Charles Bridge is for $1,000,000, and is 6 per cent now,
running absolutely till 1908. The mortgage on Iowa Division was
given in place of the Mo. Iowa & Nebraska mortgage bonds. The mort¬
gage on the Indianapolis Division is subjeot to $275,000 prior bon is.
The Toledo Peoria A War. company made default Dec., 1873, and was
operated by a Receiver until sold in foreclosure on Jan. 20, 1880. It
was purchased by a committee of bondholders for $6,000,000, and re¬
organized as Toledo Peoria & Western. This company made a lease for
the term of its charter to the Wabash St. Louis. & Pacific on terms
follows, viz.: That the Wabash Pacific guarantee 7 per cent on

$4,500,000 first mortgago

bonds of

as

tho

the Toledo Peoria A Western.

The $2,900,000 income bonds to be guaranteed
at 4 per cent
and to be convertible at par for Wabash St. Louis A Pacific preferred,
stock. The $4,000,000 second preferred income bonds arc also convert¬
ible into Wabash preferred stock, share for share. Tlio stock of the
Toledo Peoria & Warsaw was scaled 25 per cent common, 30 per cent
second preferred and 50 per cent first preferred, each shareholder

receiving this amount in

new

stock of the Toledo Peoria & Western

stock. The Toledo Peoria A Western stock ($3,000,090) is changed into
Wabash common stock, three shares for one.
(V. 32, p. 71, 289, 310,

356, 386, 437, 454, 613, 685; V. 33, p. 48, 75, 93,
305, 387, 469, 528, 641, 687; V. 34, p. 20.)

126, 202, 224, 256,

Ware River— Palmer, Mass., to Winohcndon, Mass., 49 miles. It is
leased for 999 years to the Boston A Albany Railroad at a rental of 7
per cent per annum. I. A. Rumriil, President, Springfield, Mass.

Warren, N. J — Line of road, New Hampton Junction to Delaware
Bridge, N. J., 13*4 miles. The road is leased to Delaware Lackawanna
cent on stock and bonds. Gross earnings, 1879,
$490,040; net earnings, $313,198; interest paid, $92,698; dividends,
$126,000. (V. 32, p. 611.)
*
A Western at 7 per

Wasatch & Jordan Valle]/.—Brigham City, U. T., to Alta City, U. T.,
44 miles.
In 1878 the Brigham Canon A Camp Floyd was merged
in this, and it is stated that there are mortgages prior to tho above.
For three years, 1876-7-8, the average net earnings were $131,186
per annum.

Stock is $1,100,000.

C. M. Scofield, President, N. Y. City.

Washington City <& Point Lookout.—Hyattsville, Md., to Shepherd,
This road was opened iu 1873. It is leased to the Balti¬
A Ohio for $36,000 gold per annum. The stock paid in is
$1,000,000. Same officers as Baitimore A Ohio Railroad.
Md., 13 miles.

more

West?Jersey.—Main line—Camden to Cape May and Bridgeton, 111
miles; leased linos, 27 miles; total, 128 miles operated. The company
holds as assots $680,000 of various stocks and bonds. The bonds due
in 1883 are rednoed by purchase and bonds of 1909 inoreased accord¬
ingly. In 1880 the rentals of Swodesboro RR. and Salem RR. were $37,514 more than their net earnings; the net profits over int. and rentals
on entire line were $62,925.
Operations for three years past were:
Passenger
Freight (ton)
Gross
Net
Mileage. ’
Mileage.
Earnings.
Earnings.
1878
15,386,915
3,624,708
$541,678
$202,985
1879
16,674,109
5,217,286
586,178
253,812
1880
5,557,065
758,690
275,561
25,372,305 :
-(V. 32, p.|366 ; V. 33, p. 256.)
•

West Jersey cf- Atlantic.—Newfield, N. J., to Atlantic City, N. J., 34
miles. Opened June 17,1880, and operated by West Jersey Railroad
on a joint traffic agreement and 25 per cent of gross receipts on West

Jersey from traffic of this road to bo applied as sinking fund for bonds.
Stock is $500,000.
Western Alabama --Vine, of road—Selma to Opelika, Ala., 116 miles;
branches, Opelika to West Point, 22 miles, and Opelika to Columbus, 29
miles; total, 167 miles. Was a consolidation in 1870 of Montgomery &
West Point and Western of Alabama. Sold May 10, 1875, in foreclosure
and purchased jointly bj' the Georgia Railroad and Central Railroad of
Georgia. Tho old stock and income bonds were wiped out in the fore¬
closure, and the property is represented by the bonded debt and $361,005
due each of the above companies. There are also $45,000 second mort¬
gage 8s of Montgomery A West Point RR.
and. net earnings have been as follows:

due May 1, 1888. The gross
„

Gross

Net

Earnings.

Earnings.
$121,088
100,524

$491,458
467,597
544,107579,492

176,652
1S3,99 4

,

Bonded

Interest.
$204,240
204,240

204,240
165,000

m

1

111

confer a great

Subscribers will

favor by giving

DESCRIPTION.
For

headings, Ac., see notes
tables.

explanation of column
on

first page of

Miles
of

M. bonds, gold
Loan of 1883, guaranteed by Camden A Amboy..

Washington City d
West Jersey—Stock
1st
1st

Ft. Lookout— let

mortgage loan
' do
consolidated

Consolidated mortgage

West Jersey d Atlantic—1st mortgage
Western {Ala.)—Western RR.
2d mort.. guar, by Cent, of Ga.and
Western d Atlantic (Ga)—Income
Western Maryland—1st mort.,
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
2d
endorsed by
do
2d preferred mortgage,

bonds, before consol..
Ga. RR. AB.Co.
bonds

187-90

Western

.’

by Baltimore

..

—

Minnesota—1st mortgage

Land grant bonds
Western Nortfi Carolina—1st

Pittsburg

General mortirage

50

1861
1866
1869
1879

500 Ac.
500&C.
500 &c.
500 Ac.

1880
1868

1,000

1870

1,000
1,000

1873
1858
1858

....

1872
1880
1877

1.000

1,000

1867

1867
1868
1870.

,

mortgage
mortgage

57
28

Branch

1863

1865

100
500
500
500
500
500

.

#

.

v

500 Ac.
100 Ac.
....

New mortgage

Sinking fund

1188779--0

6
8
8
10
6
6
6
6
6
6
6
6

1,158,000
644,000

200,000
400,000
300,000
300,000
600,000
875,000

1,000,000
544,626

ioo

1876-9.0

1,456,200
644,700

1879

400,000

1879

46

100 Ac.
500 Ac.

48
48

ioo

1873
1875

1 st rn.. crunr.

(for $700.0^0)

lOOOAe.

1874

500 Ac.

Ga., to Chattanooga,

road—Baltimore to Williamsport, Md., 90 *
The company was largely assisted
by the city of Baltimore, and was unable to pay all its interest. A com¬
promise was made with the preferred second mortgage bondholders for
funding coupons. The President’s report for 1881 contained the follow¬
ing: “ There were moved during the year 49S.090 passengers and 201
259 tons of freight, being equivalent to the movement of 12,277,592
passengers and 7,278,431 tons of freight a distance of 1 mile, which,
compared with 1880, shows an increase of 1,571,667 passengers and
633,103 tons of freight carried a distance of 1 mile. The average rates
Of transportation received during the year were l^ioo cents per pas¬
senger per mile and 3D*]oo cents per ton per mile, which, .compared
with the rates of is80, show an increase in the passenger rate of Goo of
a cent per passenger mile, and in freight an increase of l8ioo of a cent
per t-on mile.” * * * “ Diming the year the company’s facilities proved
totally inadequate for the accommodation of its business, anti while
$64,306 was a very gratifying increase in the gross earnings, yet, with
ample means at hand, this amount could have been very greatly ex¬
ceeded.”'* * * “Under these circumstances no effort could be made
to solicit new business, and to say that the earnings should have reached
$500,000, would be claiming less additional business than was actually
turned away, without considering at all the further increase that would
have followed the usual effort to stimulate. Now with its own mileage
materially increased by the completion .of its Baltimore A Cumber¬
land Vailev line to Sliippensburg, Pa., and with assurances of a largelyaugmented through business upon the early completion of the Shenan¬
doah Valley Ralroad from its present terminus on the Chesapeake &
Ohio Railroad to a connection with the Norfolk A Western,” * *
it is very generally felt that the time lias now come when the city
can judiciously assist the company with the certainty that large direct
and indirect benefits will immediately follow.”
The Baltimore A Hanover RR. was completed to its connection with
this road in 1880. The operations lor five years have been as follows,
Western Maryland.—Line of
miles. The capital stock is $682,250.

.

15,1881
Mch., 1883

Jan.,' 1896
Oct., 1899

M.
J.
J.
J.
J.
M.
J.
M.
J.
J.
J.

6
3
6 g.
7 g.
7 S5
2 to 5
2 to 7

1G
n

5
5

.

1*3
5

700.000

Nov., 1909
Sept. 1, 1910
Oct. 1. 1888
Oct. 1, 1890
Oct. ’79 to ’9l

May 1, 1890

....

6 g.
3

275,000
250,000

400.000

1903
Oct.

....

A. A O.
J. A J.
A. A O.

1,305,800

Term., 138 miles.
and opened in 1850, and by an act of October
24,1870, was leased to a company for twenty years at a monthly rental
of $25,000. In 1877 gross earnings were reported at $1,091,805, and
net, $460,905. None later given. (V. 32,184.)
Western d Atlantic.—Atlanta,
Built by State of Georgia

3,800.000
5,700,000
1,789,800

Atlanta, Co.’s Office.

Q-J.

6
6
7

1,200.000

Last
Dividend.

Jan. 1, 1890
J. A J. Balt., N. Mechanics’ B’k
Jan. 1, 1890
do
do
J. A J.
do
Jan., 1895
do
J. A J.
Jan., 1895
Hagerstown, Md.
J. A J.
Jan.-, 1895
J. A J. Balt.,N. Mechanics’ B’k
Jan., 1900
do
do
J. A J.
Jan., 1902
do
do
J. A J.
1890
do
do
M. A N. N. Y., Northern Pacific.
do
do
M. A N.

7
7
7

500,000
560,000
850,000
800,000
1,000,000

960,000

1879

326

land giant, prtf.

Rochester—Stock
do

6

341,500
500,000
600,000

Stocks

and by

’

7

221,400

326
326

Nashua <k

'

6

749,000

bonds, gold

Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
do

1,000,000
1,000,000

1,600.000

179
179

Wisconsin Central—Consol, mort.,
1st series
2d series, income
Worcester & Nashua—Stock

.

313,500

6

1,300.000
1,000 15,000 p. in.

do

do

1,359,7*0

Where Payable,
Whom.

J. A D. Baltimore. Balt. A O.RR.
F. & A. Phila., Pa.RR.Co. Office
do
do
M. & S.
do
do
J. & J.
do
do
A. & O.
do
do
M. & N.
M. & 8. Phila., Fidelity I. T. Co.
A. A 0. New York A Savannah.
do
do
A. A 0.

4

1880

Wilmington d Weldon—Stock
Sterling bonds

Payable

6

1879

62

Water—Stock ($325,000

When

Rate per
Cent.

$540,000

$....

1873

Ac.
Ac.
Ac.
Ac.
Ac.
Ac/
500 Ac.

of it prof.)
Wheeling d Lake Eric.—1st mortgage, gold
Vfilmingion Colum'na d Augusta—Stock

White

Value.

Amount1

Outstanding

1877

unendorsed

by Baltimore

Western Pennsylvania—1st
1st mortgage^

Par

60

Washington County

3d mortgage, endorsed
4tb
do
endorsed
Funded coupons

Size, or

Date
of

90

endorsed Balt. City..

..

Borute—Princi¬
immediate notice of any error discovered in these Tables. Due.
INTEREST OR DIVIDENDS.
pal,When

Road. Bonds
12
128
60
38
63
128
46
44
160
138
90
90
90
90
90
90

[Vol. xxxiy.

STOCKS AND BONDS.

KA1LR0AD

•••

iV

Philadelphia, Tcnu. RR. April 1, 1893

A N.
A J.

N.

Jan.
Oct.

do
do

do
do

1, 1896
1, 1901

Nov. 1, 1909
Jan. 14,1882

Y., Co.’s Agency.

June, 1910
A D. Balt., Safe Deposit Co.
Jan. 10, 1832
A D.
1881
London.
A J.
1886
do
A N.
1896
A J. N.Y.,Bost., Loud., Frank
5 p. ct. yearly
Boston.
A N.
1909
do
A .1.
1909
do
A J.
Jan. 2, 1832
Worcester, Office.
A J
May 1, 1887
'
do
do
Various
A. A O. Bost., Globe Nat. Bank. April 1, 1893
Feb. 1, 1895
do
do
F. A A.
Oct. 1, 1881
Worcester. Office.
A. A O.
A. A O. Bost., Globe Nat. Bank. April 1. 1894

Net Earn’gs.
deficit, $8,010
145.423
135,917
Road
sold in foreclosure, October, 1879, for $860,500, and re¬
organization is in progress. The scheme of reorganization (which was
carried out) provided that a new corporation should be created, with a
capital stoek of $960,000 and $1,600,000 in thirty-year first mortgage
bonds. The Holder of $2,000 of the old jonds, together with the certifi¬
cates for funded interest, received a $1,000 bond of the new company,
and in addition six shares of stock. The plan adopted provided only for
the first mortgage bondholders, and cutoff income, bonds, $600,000;
certificates of debt, $336,000; floating debt, $879,022, and the capital
stock of tlic old company, $300,000. (V.33, p. 63 6.)
Wilmington d Weldon.—Road extends from Wilmington to Weldon,
N. C., 103'miles; branch toTarboro, 17 miles; -total, ISOmilcs. Was leased
November, 1872, to Wilmington Columbia A Augusta Railroad for 99
years. The lessees made default December, 1877. and the lease was sur¬
rendered April 13,1878. For three years, 18-79-81, 3 per cent yearly
dividends were paid. The earnings and expenses lor five years have been:
Net
Gross
Net
Gross
Gross Fam’gs.

Years.
187S-9

$478,309
547,446
G40,956

was

Years.
1

$"6-77

...

Earnings.

Eamirgs.

$548,462

$156,968

176/277

1

879-80

750,916

1880-81

Earnings.
$221.698

303,833

175,693

4 88.4

1878-79

(V. 33, p.

18

505,978

...

Earnings.
$663,175

Years.

685.)

Dec. Ol, iOiHj UWIiCtl
31,1881, owned
Wiseonsin Cent)•«l
M ISLUflSt/C
L/ CJlii'd (,•
Stevens Point to Mcnasha, 69 miles;

main IIIH7 dim branches
lllillll line and ui din; to
do.
”*

d<
do. to Ashland, 186 miles; miles.
branches,*7 miles; total owned, 332 mi to
Leased, Milwaukee & Northern road, 124 miles, and Milwaukee
Milwaukc
Schwartzburif. 9 miles. Total operated. 465 miles. The Milwaukee A
canviuuuujp.y nine.'?.
Northern lease is terminable on six months’ notice, and on Feb. 1, 1832,
the Wisconsin Central gave notice. A foreclosure suit was begun in
Sept., 1878, ana in Jan., 1879, the road was taken possession of by the
trustees for bondholders, who still operate it. There is a land-grant
of over 800,000 acres, and on March. 1, 1882. proposals were received
for $160,000 bonds to be taken up witli proceeds or land and stumpage
sales. The full plan of reorganization (now practically accomplished) was
given in the Ciikoniclk, V. 29, p. 303. This embraced the issue of a new
but in 1878-79 the construction account was closed and all expenses consolidated mortgage to cover $4<*0,000 5 per cent preferred bonds;
charged to operating expenses, on which basis net earnings have since $3,800,000 first series bonds, bearing 2 percent for three years from
been relatively decreased.
Net
Gross
July 1, 1880, ami 5 per cent afterward; and $5,700,000 second series
Freight
Passenger
Earning?. bonds, to draw interest if earned (but not Cumulative), 2 per cent for
Earnings.
Mileage.
Mileage.
$112,145 three years, and 7 per cent thereafter. Interest on the second series
$332,086
4,692,089
570-77
6,582,241
129,927 payable J. and J., but dependent each time on the net earnings
347,202
5,180,982
7,411,061
73,095 half year ending si# months before. The stock of $11,500,000 remains,
347.442
5,469,519
8,502,388
88,278 $2,000,000 ot it preferred and $9,500,000 common, and is all
397,564
6,645,328
10,705,925
8$.95l
in trust with Stewart and Abbott, Trustees, to be voted on until all interest
461,871
7,278,431
12,277,592
is being earned and paid on new bonds, and in the judgment of the trus¬
—(V. 34, p. 8 5.)
Brainerd, Minn., 61
tees is likely to continue so to be. Certificates for new stock have been
Western Minnesota.—Sauk Rapids, Minn., to
stockholders,
pass as delivery
miles.
Leased to the Northern Pacific issued to the old 599. For fourwhich past theaearnings, on sales. Annual
Road opened Nov. 1, 1877.
Gross
years
Ac., were,Net
c,.,,oa
Freight /,—*
(ton)
Railroad May 1, 1878, for 99 years. Stock, $800,800. Last-dividend report, V. 30, p.
Passenger
Earnings.
Earnings.
Mileage.
July 1, 1881, 3 per cent. The hmd grant is 537,812 acres. George L.
Mileage.
Years.
Miles.
$168,964
$718,743

“

Portage

........

....

Becker, President, St. Paul, Minn.
Western North Carolina.—Road

extends from Salisbury, N. Cl, to
Paint Rock, Tenn. State line, 184 miles. The road was financially em¬
barrassed, and was purchased April 17, 1875, by commissioners for the
State of North Carolina. It is proposed to complete the road to Cleve
land, Tennessee. Stock, $1,400,000. J. W. Wilson, President, Morgan¬
town, N. C. (V. 32, p. 100; V. 33, p. 346, 385, 580; V. 34, p. 179.)
Western Pennsylvania.—The road runs from Blairsville to Alleghany
City, Pa., 63^miles; branch to Butler, Pa., 21 miles; total, 84^ inilesCompleted in 1865 and branch in 1870. Le:ised to Pennsylvania Rail¬
road, the lessees paying net earnings to lessors. Tho Pennsylvania Rail¬
road, lessee, owns $993,050 stock out of the total amount of $1,022,450,
$288,000 of branch bonds, and all of $1,200,000 general mortgage
onds. In 1878 gross earnings were $547,175 and net earnings $231,175.
White Water— Harrison, O., to Ilagerstown, Ind., 62 miles. This warormerly the White Water Valley, sold in foreclosure May 2,1878, and
©organized under this title. Net earnings in 1878, $17,645; in 1879,
$14,099; in 1880, $210. Elijah Smith, President, Boston, Mass.
Wheeling d Lake Eric— Road under construction—Wheeling. W. Va.,
to Toledo, O., 200 miles, and branch, Norwalk to Sandusky, O., 21
miles. Bonds offered in New York, July, 1880 by N. Y. New England A
Western

Investment Co.

(V. 34, p. 52.)

from Wilmington

Wilmington Columbia d Augusta.—The road extends
N. C..to Columbia. 8. C., 189 miles. In 1880-81 there

880 and 1881. Eatnings locom >tives.
?42,000 out of earnings forhave been :
Years.

1876-7
1877-8




was

expended

Paid 3 per cent dividends for
Gross Earn’gs. Net Earn’gs.
$518,225
509,699

$87,630
98,659

City, 70 miles;

is
of the
deposited

“

1876-7.. 449
1878
1879
1880

....

....

,

,

449
455
460

5,889,367

5,661,975
6,385,319
8,746,766
' J * * I V/, I

22,984,236
23,225,583

733,819

30,920,076
41.550,726

1,146,352

f

851,090

—- 7

•

122,863

193,090

265,748
147.)

V. 34, p
Worcester to Nashua,
46 miles; leased, Nashua & Rochester, 48 miles; total operated,
94 miles. Paid regular dividends of 10 per cent for some years
before 1874-5. in 1875-0 the leased line charges (Nashua & Rochester, 48
miles) first appear in the accounts, and the Worcester & Nashua paid
only 5^2 per cent dividends in that year. The rental charge being
lainly too heavy, an agreement was made in 1879 to reduce the
bonds to 5 per cent, and the dividends
interest
Nashua
Rochester stook to 3 per cent’per annum. The interest on Worcester
A Nashua bonds was also reduced to 5 per cent, and surplus earnings in
cany year above requirements for interest and 3 per cent on each stock
to be apportioned between the stock of each company according to
the relative number of shares. In 1880-81 had a surplus of
over all
charges and a dividend of 3 p. ct. In addition to above there are $37,000
Net
Gross
5 per cent W. A N. bonds. Five years’ operations were as follows:
Freight
Earnings.
Passenger
Earnings.

AUVJ v

.
....
.
. .

-(V. 32, p.

124, 207, 579, 634; V. 33, p. 491, 580;
Nashua.—Sept. 30,1880, owned from

Worcester d

i

on

&

are

Miles,
94
94
94
94
94
—(V. 33, p. 580.)
Years.

..

Mileage.

6,383,990

5,703,761
6,16/ ,871
6,781,960

7,222,999

Mileage.

10,063,658
9,961,740
12,123,444

$497,239

16.153,062

588,770

14,995,020

473,240
473,081
553,592

$157,260

168,351
3 65,495
167,033

155,196

CANAL

1882.J

February,

For

^

headings, &c., see notes

Albcrmarle d

of tables-

ftrst page

14

Ohio— Stock.
Maryland loan, sinking fund
Guaranteed sterling loan

Chesapeake d

preference

Division—Stock, (Conv.into L.C.<fcN-stck.)
(extended 20 years in 1878)
Delaware d Hudson—Stock
1st mortgage, registered.
Delaware

1st mortgage

do

($10,000,000)
Loan, conv., coup., gold (assumed L. <& W. Coal Co)
mortgage, registered..... —
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed

....

103
103
103
103

bonds, coup,
Improvement bonds

Mortgage

....

....

.

•

....

....

1,000
1,000
1,000
50

1839
1859
’44-’64
1841-4

....

....

pref. bonds, 1st mort
pref., 1st T. W. priority b’ds.
bonds of 1872,4th mort

....

....

85

mortgage

....

1,000
....

—

Chesapeake— Securities placed on New

Hudson—This company, which is among the largest miners
and carriers of coal, leases the Alb. <fc Susq. and Rensselaer <fc Saratoga
Delaware d

bonds of N. Y. tfc Canada RR. The income
account for 1881 (V. 34, p. 177) showed net surplus receipts of
$2,102,464, against $1,351,423 in 1S80. The annual report for 1880
was given in V. 32, p. 230.
Comparative statistics for four years.:
railroads/ Also endorses

INCOME ACCOUNT.

1877.

$

Receipts—

1879.

$

$

$

44,313
28,900
341,036
248,275
294,312

727,283

investments...

42,810

39,100
80,146
672,785
398,219
341,781
59,591

41,025
91,408
535,264
595,663
326,635
630,643

$
341,036
2,264,228
618,252

$
535,264
3,171,369
596,827

820,438
528,532

$
673,651
3,003,893
641,951
933,768
830,427

1,340,956

1,234,449

1,343,973

93,516
561,948
312,243

1,147,322
0,743,040 6,818,887 7,985,118 8,948,327

Total

$
698,758

Disbiu'scments—
Coal on hand Jan. 1

Mining coal
Coal transportation, tfcc...
Canal freight and expenses

Railroad freight, &c
Interest
Taxes and miscellaneous
Loss on leased railroads...
.

2,077,370
488,073
759,349
422,746

1,157,352
534,025
605,367

801,306

766,939

350,916
316,059

366,578
14,642
1,351,429

6,818,887 7,985,118

8,948,327

406,883
498,562

Balance

6,743,040

Total
c

GENERAL BALANCE AT

CLOSE OF EACH FISCAL

S

*

^

6,339,210 6,339,210
Railroad and equipment.. 6,209,981 6,190,766
Real estate
8,622,913 8,643,783
Mines and fixtures
2,679,961 2,679,077
Coal-yard, barges, &c
897,287
877,784
Canal, &c

341,036
385,374

on

on hand
Cash and bills receivable..

581,289

4,438,512

69,410
1,089,853

1,926,694
199,660

Profit and loss

38,714,292

Total assets

$

Liabilities—'

20,000,000
17,010,500
Miscellaneous accounts... 1,703,792

Stock
Ronds

Profit and loss

Total liabilities
*

$
6,339,210
6,414,759
8,846,316
2,XI 3,957
746,791

314,871

Telegraph, and Car Co....

6,339,210
6,220,669
8,795,657
2,(*99,590

1,022,938
3,597,074
300,000
727,283
608,894
613,181

3,597,087

Supplies

YEAR.

720,487

Cherry Yal. & Sharon RR.
hand Dec. 31
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets

$

1,021,153 1,022,293 1,022,293

Lack. <fc Susquehanna RR.
New York tfc Canada RR..
Coal

,

3,597,074 3,597,074

305,991

672,785
439,020

300,000
535,264
368,773

617,246

605,326

69,410
958,667

69,410
878,000

4,295,445 4,480,701 "4,294,706
2,314,268 3,140,116
587,185 1,208,726
39,610,006 40,981,301
$
$
20,000,000 20,000,000
18,333,000 19,837,000

69,409
962,130
3,785,656

41,041,6 L4
»
$
20,000,000
19,837,000

1,277,006 1,144,301 1,003,827

200,786

38,714,292 39.610,006 40,981,301 41,041,614
assets include fuo following: Boston Hartford &

These miscellaneous
Erie 1,400 bonds, $786,727;

Jefferson RR. bonds (108), $86,710; Albany
4c Susquohanna consols (275), $275,000; Delaware & Hudson Canal Co.,
1891 bonds (963), $962,773; sundry assets, $375,881. • Stocks as fol¬

shares
32, p.

lows: 8,540 shares Albany & Susquehanna, $854,000; 8,211
Rensselaer & Saratoga, $8*22,137; sundry stocks, $131,477.. (V.

D8,155, 230. 526 ; V. 34, p. 176.)
Lehigh Coal d Navigation.—Tho




7

....

97,810

250,000
3,000,000

do
do
do
do
do
do
do

1884
1897

-

1897

Dec., 1882

tfc 0.
& A.

do

&

J.

1882
June 1, 1911
1892
1883-’84
Feb. 4, 1882
Feb. 4, 1882

do
do
do
do

do
do
do

April 1,1906
Oct., 1885
Feb., 1880

July, 1910
Aug. 15, 1881
Aug. 15, 1881
March, 1897

Phila., 233 So. 4th St.

Philadelphia, Ottice.
do

do
do
do
do
do
do
do

Q. -M.

J. & J.
J. & J.
M. & N.
M. & N.
M. & N.

do
do

1882 to 1907
1895

do

May, 1880
May, 1913
May, 1915

do
do

do

i

Jan., 1885
Jan. 1, 1918
Jan., 1894
Jan
1894
Jan., 1902

Jr Phila. aud Baltimore.
do
do
tfc J.:
do
do
tfc J.!
do
do
tfc J.

J.
J.
J.
J.

tfc

J.

6
6
6
6
7

1,323,000
227,500

do
do
do
do
do
do
do
do

....

6
6
6
6
6
7

1894

do
do

do

& A.
<fc O.

....

$1

Dec. 3, 1881

Philadelphia, Office.

S.

tfc D.
& D.
& D.
& A.
& S.
tfc A. Leh. Val. RR. Co.. Phila.

4,501,200

756,650628,100
2,002,746
1,000,000

1890
Loudon.
1S85
Balt., A. Brown <fc Sons."
Feb. 16, 1882
Phila., 258 So. 3d st.
do
do
July 1. 1898
N. Y., Bk. of Commerce. Dec. 10. 1881
1884
do
do
1891
do
do
1894
New York. Office.
do
do
Sept. 1. 1917

tfc D.

J.

7

780,000
220,000
103,164

tfc J
tfc J.
& O.
tfc S.

tfc

J.!

M. tfc N

,

do

do

May 1,1883

Philadelphia, Office.

gold loan due
The Lehigh &
loan due 1897,
and $771,000 (all) of the convertible gold loan due 1894. There is also
a 1st Greenwood mortgage of $140,000, due Oct. 1, 1882.
The Board
of Managers’ report for the years 1880 and 1881 has the following state
(in purchase or equipment) $2,310,000 of the
1897, and leases the Lehigh tfc Susquehanna Railroad.
Wilkesbarre Coal Company assumes $500,000 of tho gold
assumes

meiit of

receipts and disbursements:

Central Railroad of New Jersey

$1,157,900
108,666
19,755
33.728
7,737

240,742
7,573
35,660
13,316

$1,609,676

Lehigh Canal

Water Powers Lehigh Canal
Delaware Division Canal
Net profit on Lehigh Coal
Royalty on coal mined by lessees
Revenue from rents

$1,429,468

185,626
6,076

'.

NesquclioningTunncl

f

1881.

1880.

receipts.

Railroads and

$1,875,592

$51,792
97,050

$59,101

55,830

18,947

74,044

90,176

i

Miscellaneous receipts
Total

1880.

5,229,266 5,764,477 7,210,524

Railroad earnings in Penn.

Assets

J.
J.
J.
J.
F.
M.
F.
F.
A.
A.
F.

1870

Balt., A. Brown tfc Son3

Q-J.
Q-F.

7

245,000
1,025,000
1,175,000

?

1878

4,638,872

Sales of coal
Canal tolls
Miscellaneous protits
Coal on hand (Dec. 31)
Interest on
Balance

2,000,000
4,653,000

July, 1886

do

do

Q-M.

6
6
6 g.
6
6
7
7
6
2
5

July 1, 1909

Trust Co

Philadelphia, Office.

Q-Mch.

M. tfc

Princi¬

I

on

'•

5,381,840

J. N. Y., Union

J. tfc J.
F. & A.
J. & J.
J.
J.
A.
M.

-

pal, When Due.

Where Payable, aud by Slocks—Last
Dividend.
Whom.'

tfc D.
tfc J.
tfc J.

Q- J.
Q-J.

o g.

500
500

York Stock
Exchange list February, 1880. Prest., Marshall Parks, Norfolk, Va.
Chesapeake d Delaware— Delaware City to Chesapeake City, Md
Chesapeake d Ohio— In a suit against the company the Court (January,
1881) declined to appoint a Receiver, but ordered the company to report
at stated times its receipts and payments.
(V. 32, p. 43.)
Delaware Division— Leased to Lehigh Coal & Navigation Co. at interest
bonds and 4 per cent a year on stock, payable till February, 1880, in
elusive, in scrip, then till August, 1881, half in scrip.
Albermarle d

771,000

1,000

1872

....

J.

6

45

Susquehanna—Stock
Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do

J.
J.

50c.

....

1870
1863
1864

....

5,000,000
11,204,250

840,200
3,210,450
1,709,380
3,990,390
1,200,000
228,000

....

....

6
iu>
7
7
7
7
2

3.000,000

1,000
1,000

....

....

l\

50
50

....

....

.

6
5
6

1,000

1870

•

.

J.

4,856,000

1,000
various.
various.
50

,.

_

....

Boat and car loan
Boat and car loan

Union— 1st

....

337
337
108

(payable by P. & R.)

100
100

-

6

675,000

«...

1876
1865
1869

•

106,190
41,550
2,470.750

various.

....

....

7
-

6,481,000

1,000

1872
1871
1872

Payable

20,000,000
3,500,000

1,000

....

....

extended

500 tfcc.
Var.
Var.
500 tfcc.
Var.
Var.

1867
1867

....

Preferred stock

50

1864

....

consolidated
Preferred stock
New mortgage (for $1,000,000)
Boat loan
... Preferred stock scrip dividend
Pennsylvania—Stock
General inortg., interest guar’d by Penn. RR
Schuylkill Navigation—Stock, common

1,000
1000,tc.

1869

....

MoriS^Stock,

1,000
1,000

....

....

debenture mortgage
debenture
Consolidated mortgage loan.......................
Greenwood 2d mortgage, reg. Extended, 187 /..

100

1869
1871
1874
1877

....

- ••

1,000

....

....

Loan,
Loan,

do
do

1858

339

by other co s.)

50

....

....

1st

1st mortgage,
2d mortgage

....

148

reg ----------

500 tfcc.
500 &c.
500 &c.

....

-

Debenture loan of 1894, coup and
1st M., coup. & ceg., on Penn. Div.
Lehiah Coal d Navigation—Stock

25

.

....

60
60
148
148

.

^

^

When

Cent.

500,000

2,078,038
1,993,750
8,229,594
2,000,000
4,375,000
1,699,500
1,633,350
800,000

Vario’s

1856

14

Rate per

$1,500,000

50

....

184
184
184
184

Amount

Outstanding

1,000

1879

l2 mortgage (originally $2,800,000)

do

Par
Value.

$....

Chesapeake—Stock

having next

Size, oi-

Miles Date
of
of
Canal. Bonds

Mortgage bonds
rhesaveake d Delaware—Stock

■Ruuds

j Bonds

INTEREST OR DIVIDENDS.

description.

pixolanationol column
expianai

lrx

BONDS.

STOCKS AND

DISBURSEMENTS.

General and legal expenses

Rent and taxes Nesquehoning Valley Railroad..
Rent and taxes Delaware Division Canal
Taxes chargeable to canals
Taxes chargeable to coal and coal lands
Taxes on capital stock
Taxes on landed property and improvements...
Interest account

97,050
120,330

125,438
2,568
42,983
22,725
12,876
932,231

)

I

70,147

{
J

915,039

$1,261,668

$1,287,664

$322,011

Surplus
The balance to credit of dividend fund
Dee. 31, ls«l, was $471,445.
The President’s report for 1881 said:
648,148 tons, an increase of 91,978 tons

Dec. 31, 1880, was

$613,924

$194,236;

The production of coal was
over

1880.”

*

*

*

“ Our

total revenue from all sources was $1,875,592, a gain of $265,915 over
1880. The decrease in fixed charges, $25,995, added to this makes a
total gain of $291,911 in not revenue over the
year.
A dividend of one dollar per share was paid to the stockholders iu
December last, and the balance remaining to the credit of the
fund at the close of the year was $471,445.
From this balance must be
deducted whatever sum shall be paid to the State under tho
tax law for the years 1879, 1880 and 1881.
The amount
wo
are to be liefii liable is $81,248, but we expect to be relieved from
payment of a considerable part of this sum. *
“Tlic first mortgage 6 per cent, loan of $5,331,840 matures
188 i. and may be paid off in whole or in part by tho sale
controlled by the company, and the balance (if any)
at a lower rate of interest.” * * * “ The balance to the credit
and loss account is $2,287,988.7
‘ * *
“
i he floating debt, loss cash assets, is about $700,000; against
the company holds $746,000 of its consolidated 7 per
000 Delaware Div. Canal Co. bonds, and 18.901 shares of its own stock.
•‘The third instalment of the extended debenture loan was paid,

preceding

*•

* *

dividend
four-mill
for which
the

in April,
of securities
probably extended
of profit

which
cent bonds, $30(V
at
maturity. December 10, leaving only $106,190 duo December 10 noxt of
the $762,779 loan that matured in 1877.” (V. 32, p. 204, 231.)
Morris.—Leased April, 1871, to Lehigh Valley Railroad for 999
years.
The lessees assume bonds and scrip, and pay 10 per cent per
annum oil pref. stock and 4 per cent on consol, stock.
Pennsylvania.—Worked in interest of Pennsylvania Railroad, which,
guarantees.interest on bonds. An old mort. of $90,000 is due in 1887,
Earnings in ’80, $368,769; not, $190,943; interest, taxes, <fce., $192,543;
earnings in 1881, $370,405; net, $107,793; interest, &c., $185,115.
Schuylkill Navigation.-^Leased from Juno 1, 1870, to Philadelphia tfe
Reading for 999 years. Rental received in 1881, $351,459 In 1880
lessees defaulted on the rental and an attempt was mado to scale down

the

bonds, and certain propositions made by the
Philadelphia tfc Reading Railroad have boon carried
annual report iu V. 34, p. 202. (V. 32, p. 17, 184; V. 34, p. 202.)

the interest on some

Receivers of the
out. See

Philadelphia <fc Reading Rail
earnings Doc. 31, 1881, th*
floating debt was $249,070, inoluding $227,660 accrued interest.
Susquehanna.— Leased andoporatod by
bonds aud half of not

road for interest on

UnU*.—Stock, $2,907,850

i

Subscribers will

by giving

confer a great favor

DESCRIPTION.
For

explanation of column

first page

headings, Ac., see notes on
of tables.

Bonds

50

1874

.

sales)
$2,500,000)
$220,103)

Sterling bonds (sinking fund one-fifth of land
Mortgage bonds, gold, sixes (for
Unioii RR., 1st mort., end. (sink, fund, rentson

do
2d M., g., end., (s. f. ground
Central New Jersey Land—Stock.
Colorado Coal <£• Iron—Stock

.*

mortgage, gold
Consolidation Goal of Maryland—Stock

1880

' 1804

1872

consolidated, convertible

1808

sinking fund

Milling—Stock

1875

-

1881

Iron—Stock
Limited)—Stock
cent lor lands

Express—No reports; no

American

1,000,000

Coal.—There are mortgage

Received
rents and interest
Coal on hand, value

31, 1879

'.

Treasurer.

Jan.

1, 1897
Oct. 15, 1875

York, Olliee.

N. Y., at

Nov., 1893

lil..Cent. R. R.

Boston, Treas.

Feb. 1, 1882

Oiliee.

Jan. 1, 1886
Jan. 1, 1876
Nov. 1, 1906

New York.

0 g.

1

New

M’nthly

$465,931
24,712

April, 1880

,500,000
1900.

consisted of $1,225,000

consolidated mort. bonds, $1,500,000

Improvement Co. bonds, and $104,300 Southern
Colorado Coal A Iron Co. bonds. These arc all to be merged in tho
consolidated mortgage bonds. The full report was in the Chronicle of

Central Colorado

annual

1911
Jan. 15,1881

York.

New York, Olliee.
New York.

<>

322,515

April 2, 1881. President,
-(V. 32, p. 3 6G.)

W. J. Palmer;

Consolidation Coal.—Tho
Chronicle of

Vice-President, C. B. Lamborn.

published in tho

annual report for 1880 was

contained the following:

March 6, 1881, and

receipts from mines, railroads, routs, Ac., (includ¬
ing’value of stock of coal on hand) were
Total expenses of every kind (exclusive of interest ami sink¬
ing fund, but including steel rails and all extraordinary

Tho gross

$2,205,639

1,771515

outlays)

receipts
eariiingtf after deducting interest
1880 and sinking fund belonging to
Net

161— 403,587
$27,056
$207,843
27,056— 208,002

Net

‘

$218,414

the Union

Mining Company’s

Cumberland <f- Elk Lick
A coal

company

only $17,000; no
Iowa

bonds. (V. 32, p. 28 7.)

by
stock
34, 203.)
Boston Land.—The, capital stock of 80,000 shares of the pur value
of $10 each, or $800,000. Assets of tho company January 1, 1882:
cash. $139,3271 land in East Boston and Roveic, about 700 acres, un¬
incumbered, estimated at $1,829,520. An abstract of the annual report
(V. 32, p. 92; V. 34, p.
in V. 32, p. 92, refers to the nnaucial policy.

floating debt. Alex. Shaw,

Pail road Land—The total

President,-Baltimore.

land owned was

451.009 acres

March 31, 1880.
mam
DOnahoe for forcclo
1880.

Mining.—The suit of Jos. A.
Mariposa Land
of" tho mortgage was before the courts September,

sure

Maryland Union Coni.—Stock placed on N. Y.
See statement V. 30, p. 466. President,

American

175.)

$135,000 of

Coal— Admitted to Stock List January, 1880.
County. I’m. Bonded debt outstanding

of Somerset

1880.

District Tdcqraph.—No information has been furnished
On February 16 notice was given of an increase in
to $3,000,000, the par ox shares to bo raised to $100.
(V. p.

275,703

bonds. Guarantees

Akin,

tills company.

$191,123

bonded debt tor
1880, amounting to

on

—Consolidated mortgage bonds are held to retire old
also bonds of the Cumberland A Pennsylvania, and assumes

,

(V. 32, p. 28 7.)

Jan., 1885

do
do

6,000,000

improvements,

tory and

2,500,000
0,000.000
5,000,000
3

$225,357
Total assets December 31, 1880—Lands and real estate at mines,
15,019; cash, estate
f1,542,365; real$35,414;atwharf improvement atpropertyCity,wharves,
Jersey City, $100,710; Jersey at $6,315;
mine
personal property at mines, $31,219; personal
$3,607; bills receivable, $16,3271; accounts, $107,177; canal boats,
$17,600; valueof coal on hand, $24,712; olliee furniture, $513; Chesa¬
peake A Ohio Canal bonds, $8,000; C. A 1’. Railroad stock. $1,000; G.C.
& C. Railroad stoplc, $160,000; total, $2,069,377.
Directors: James A.
Alexander, John P. Moore, Sidney Wintringham, Gardiner Lloyd, Benlavid Stewart. Gardiner
iamin Williamson, RichardP.S.Lloyd, President; J. Boothe, A. J. Secre¬
Grant, W.Hiam George Shemuin,
Present surplus

do
do
New

1^3

5,000,000
3,500,000

9,542

Depreciation on boats, Ac

Stuck Exchange, April.

John White, New York:

York State Jaws
Washington, D. C. In

Telegraph.—Organized under New

Mutual Union

six wires from Boston, Mass., to
to be extended to Western cities via
Louisville, Ac., Ac.., and $5,000,000 bonds, carrying
gratis, were issued in May. See Chronicle
of advertisements. (V. 33, p. 201, 255, 622; V. 34. p.
Has a line of
3 881 lines are

New

Buffalo, Pittsburg,
$5,000,000 of stock
April 30, 1881, fourth page

205.)
annual report for 1879 has the follow.

(Md.j.—The

Central Coal

m*

strictly no par value. There
85,833 shares called “ proprietary” shares, or the number into which
the property of tho company is divided, the assets consisting of lauds
and near “ Back Bay,” in Boston. Annual report, with statement of
financial condition, Ac , in V. 32, p. 499. (V. 32, p. 182; V 33, p. 23,
sharse have

Boston Water Power— Tho

are
on

STATEMENT OF

I’ROFICS FOR TIIE

December 31, 1880,
December 31, 188D,
Less

TEAR ENDING

DECEMBER 31,

coal on

freights and taxes due

annual report for the year ending May 31,
brief history of the company was in V. 30,

Canton Improvement— The
1881, is in V. 33, p. 99.
A

is reserved to pay ster-

117. Of the $2,500,000 mortgage, $600,000
8.ng loan. Tlie company owns the stock of the; Union Railroad Company
and guarantees its bonds. (V. 33, p. 99 ; V. 34, p. 196.)

Improvement.—1The report says that during
active demand sprang up for the com¬
pany’s lands. A further reduction of $100,000 was made in the capital
stock by canceling a thousand shares received in exchange for lands,
reducing it to $2,400,000. Of this amount outstanding the company
still owns $25,500, held for the redemption of scrip as presented. The
dividend scrip has been reduced from $106,984 to $43,296, and as it is
desired to extinguish this scrip as speedily as possible, the request is
made to holders of the serip that they will bring the same in for conver¬
sion into stock. The statement for two years ending December 3l, 1879,
shows total receipts in 1878 of $163,658 and in 1879 of $120,957. The
balance sheet December 31, 1879, gave the following values of lands
owned: Newark lands, $390,584 ; Bergen, $617,622 ; Elizabeth, $169,150; Westfield, $26,307; Fanwood, $479,633; Plainfield, $347,976;
Bimellen, $345,398; Somerville, $77,861; Clinton, $4,780; Bloombuiy, $26,345; Phillipsburg, $861; total, $2,466,522.
Colorado Coal <£ Iron—Tina company, with headquarters at Colorado
Springs, Col., was a consolidation Dec. 12, 1879, of the Central Colorado
Improvement Co., the Colorado Coal A Steel Works, and the Southern
Colorado Coal A Iron Co. The company is controlled by Denver A Rio
Grande Railroad parties. Stock is non-assessable. On Dee. 31, I860,

Central New Jersey Land
the last six months of 1879 an




1880.

$1,478,304
18,93834,080

of coal account
hand, at cost
$53,019

balance to credit
=

$1,512,385

990

-

1, 1004

Jan. 27, 18S2

N.Y.,Co.’s Office, 71J3’y

& J.

J.

0)

4,400,000

the debt

$490,643

Surplus, December
Add gains, 1879

*A ' J.

M.*A N.
Q.-F.

1

5,000,000

T,ooo

$287,944
1L5,G30
Shipping expenses, Alexandria, Baltimore and Jer¬
28,876
sey City
6,025
Taxes
Bond and scrip interest to March 1, 18SO
11,7 29
Salaries, office and contingent expenses
13,219
Gains, 1880

1, 1904
1900

161.000

Canal and railroad transportation
Mining, superintendence, labor, Ac...

Legal expenses

Jan.
Jan.

10,000.000

....

canal boats,

12*1872

June, 1884

N.Y.,Olliee,47William Si

& J.
A. & O.

*8*

400.000

7,620,000

....

bonds for $200,000. Tke

the following information:
for coal sold and delivered, earnings of

Nov.

Boston, Olliee.
do

3,'1882

5,000,000

information.

report for 1880 gives

J.
J.

7
6
G

500,000

100
100
50

1st
New Central Coal—Stock
New York <t Straitsville Could
New York d Texas Land'f
Land scrip receivable / 5 per

Adams

100
100

3

Telegraph—St<>ck
mortgage bonds, gold

F. A A.

o

387,000
752,000

ICO

Mutual Union

Jan.

Olliee.

1, 1881

Jan., 1875

G'g.

1,000
1,000

100
100
100
1.000
100

& D.

N. Y., Company ’s

Doc.

scrip.

10,250,000

1,000

kept. 10,1877

’

100

MarylanU Union Coal—Stock
.1foiitank Gas Coal—Stock

registered

1,000

2,400,000
0.000,000
3,500,000

N. Y., Company’s Ofliee.
New York, Cilice.

J. '&'j. London, Brown S. A Co.
New York or. London.
J. & J.
Baltimore.
J. A J.
London.
M. & N.

6 g.
6
6 g.

.

7

&"j.

pal,IV hen Due.
Stocks—Last
Dividend.

S.

'G*g.

600,000
2

S.

J.

10
7

1,073,000
783,0G0

1,000

Q-M.

J.

1,000

Bonds

Debentures,

100
£200

Pay’ble
M. A

Ola

100

(convertible)

Mortgage bonds (lor $500,000)
Maryland Coal—Slock

1,000

500 Ac,
500 Ac.
100
100

rents on $144,800)

1st consol,

Cumberland Coal <1 Iron—Stock
Cinnbcrland <£ Elk Lick Coal—Stork
Dunleith <£• Dubuque Bridge—Bonds,
Iowa HP. Land Co.—Stock

1873
1874

Tables.
Eoftds—Pvh^T.

Where Payable, and by
Whom.

When

2

1,500,000
2,0i 0.000
18,000,000
800,000
4,720.815
2.148,000
717,875
575,000

10

Mortgage bonds (for $2,800,000)
Canton Improvement—Stock

Mariposa Land <C
Preferred stock

Cent.

25
100
100

American Express—Stock
Boston La net—Stock.;
Boston Water Power—Stock

1st mortgage
1st mortgage,

par
Value.

Amount

outstanding. Rate per

$100 $12,000,000

(Maruland)—Stock
America^ Distinct Telegraph—Stock

[VOL. XXXIV.

immediate notice of any error discovered in these
INTEREST OR DIVIDENDS.
Size, or

Date
of

Adams Express—Stock
American Goal

_

AND BONDS.

MISCELLANEOUS STOCKS

lx

for railroad and canal freights and t«lls,
and shipping expenses, salaries and interest..

Deduct amount paid

mining, olliee

Net earnings for
Balance to credit of
Deduct—

Amounts charged
AddNet

the year
protit and loss

$15,494

Officers
President;

■

-

$199,020

StraUsville Coal <£ Iron.1— Has $300,000

bonds. The stock

90,517
$289,537
credit of profit and loss December 31,1S80
for 1881: Win. S. Jacques, President; E. J. Sterling, VicePliilo C. Calhoun, Treasurer; Geo. H. Adams, Secretary. (V.

earnings for 1879

Balance to

$214,olo

December 31, 1879

against prolit and loss during ’80

1,421,806
$90,517-

32, p. 312.)

New York J

admitted to New York

Board April, 1880.

the lands granted to the
railroads, about 5.000,001
holders of convertible ana
second mortgage bonds. Each holder of a $1,006 second mortgage e
convertible bond and unpaid coupons, or purchasing committee em t"1"
ntes, of the International and Houston A Groat Northern radioana
receives $300 stock and $1,200 land scrip of this Company.

New York <£■ Texas Land—Tills company owns
International and Houston A Great Northern
acres, which were given in settlement to the

<

MISCELLANEOUS STOCKS AND BONDS.

1882.]

February,

Subscribers will confer a
description.

great favor by giving Immediate

FOTOxptaiiattmoFcolumn headings, &c„ seenoteson tot
Telegraph—Stops.
Bonds, interest guaranteed
Pacific Mail Steamship—Stock......Pnmsulvania An thracite Goal—Stock
mortgage (east side) bonds on 1,053 acres
1st mortgage (west, side) on 400 acres and 5oO leased....
Pennsulcania Coal—Stock—- - - - - - - - **•■%'.
Producers' Consolidated Land A Petroleum- -Stock
Pullman Palace Car Stock
northwestern

Bonds, 3d series
Bonds, 4th series

Bonds! sterling debenture, convertible till April, 1831
Quicksilver Mining—Common stock....
Preferred 7 percent stock, not cumulative
Railroad Equipment Co— Stock...
einarks below.)...
Coupon bonds.
(See re
-Bridge stock, common
St. Louis Bridge d Tunnel ltll.

1879-0.

stock,

1st preferred
guar.1
2d preferred stock, guar.
1st mortgage, new,
rn”;mel PR. of St. Louis, stock,

$2,500,000

100

....

....

....

1372
1872

1,000
1,000
50
100
100

....

guar

Telegraph—Guaranteed stock
guar, 7 per ct. by L. V

Amount

.

Var’s.

1,000
25
50
50

IS 0*4
1880
1870

Tunnel—Stock

•

1879

Mortgage bonds (for $2,000,000)
United Slates Express—Stock

Un. Tel. Co.
do

O

•

N. Y., Farm L. A T. Co.
do
do
Q.-F.
do
do
(>.—F.
do
do
A. A 0.
A. A 0. Lond’n, J.S.MorgauACo
F. A A.
F. A A.

&—J.

7
7 g.

500.000

2io

3,000,000

5,000,000
1,250,000

Q.-F.

0

Quar’ly

24

1L2
rr

4

,

O'

948,000

3
2L>

1.500,000

313

2,300,000

7,000,000

000,000

N.

National Bk.

Y., Ill Broadway.
New York.

Otlice/

Q.-F.

24
94

0)
2,500,000
2,490,000

A D. N. Y., 4th
A 1).

Q.-F.

8
a

Stocks—Last
Dividend.

Jan.
Jam

1,

1882

1. 1904

....

J.
J.

5,708,700
4,291,300

ioo

1,000

J. X. Y.,West.
J.
do

7
7
4
0

00,000
418,000
495,575
18,929,000

1,000
500 Ac.

&
A

pal,When Duo

Where Payable, and by
Whom.

Sept., 1868

!

....

12,547,400
820,000
908,000

J.
J.

2
7 a-.
3

2.500.000

10

series “B

Payable

52.500

100
100
100

....

Cent.

445.000

1,000

....

When

500,000
5,000,000

£100
100
100
100

....

Rate per

1,ISO,000
20,000,000
2,000,000
1,000,000

1,000
1,000
1,000

...

Sterling Iron d Railway.—Stock
Mortgage bonds, series “A

Sutro

$50
....

....

1879

Southern d Atlantic
Spring Mountain Coal—Stock,
Mortgage bouds, income,
Plain income bonds.

Outstanding

....

sinking fund

INTEREST

Date
Size, or
of
Par
Bonds Value.

1872
1878
1875

..

notice of any error discovered in tlieso Tables
Bonds—Princi¬
OR DIVIDENDS.

J.
J.
A.
J.
A.
J.

June 1, 1892
June 1, 1892
Nov. 1. 1881
1877
Feb. 15, 1882
Feb. 15, 1887
Aug. 15, 1892
Oct. 15, 1888

April 1, 1885
Aug. 17, 1881
Aug. 17, 1881

N, Y., Clark, Post A M.
do

3

do

A ,T. N. Y., Drexel, M. A Co.
do
do
A J.
A 0. New York and London.
A J. N. Y., Drexel, M. A Co.
A 0. N.Y., West. Union Tel.
A D. N. Y., Company’s Office.
-n,

Nov., 1881
to 5 yrs.

iuos.

July 1, 1882
July 1, 1884
April 1, 1928
Jam 1, 1884
Oct., 1881
Dec. 10,1881

A. A 0.
Feb.

i

Q.-F.

New York.
do

April 1, 1SS3
April 1, 1894
Oct. 1, 1890

London.

7
7
0

Jan. 1. 1891
Nov. 15, 1881

....

New

York, Office.

*

X

Bridge d Tunnel Railroad.—The railroad and tunnel were
Northwestern Telegraph.—This company owns 8,000 miles of wire and sold under the mon. of 1873, July 1, 1S73, for $450,000. Foreclosure
is leased to Western Union' for 00 years, with guaranteed dividends of under the 1st and 2d mortgages on the bridge was made Dec. 20, 1878.
4 per cent at first, rising one-eighth per cent a year to 6 in 1807 and On July 1, 18S1, the bridge and Tunnel Railroad were leased
to the Mo.
afterward. The bond interest is guaranteed. (V. 33, p. 353.)
Pacific and Wabash St. Louis & Pacific for the term of their corporate
Pacific Mail Steamship—In February, 1880, an agreement was re¬ charters. Of the stock $2,490,000 is 7 per cent 1st preferred, which
is guaranteed 5 per cent till January, 1885, and then 0 per cent;
ported between this company and the Pacific Railroads,.by which the
railroad company gave to the steamship company a monthly subsidy $3,000,000 7 per cent 2d preferred, 'which is guaranteed 3 per cent per
of $110,000. In November, 1881, it was terminated, and in Fob., 1882, annum, the first semi-annual payment being July 1, 1S84. and $2,500,common.
The common stock was held by the London Reorgani¬
the amount was made $05,000 per mouth, and six months’ notice is 000
zation
required to terminate the agreement. On April 30, 1S31, the com¬ Trust Committee., and under the lease was transferred to Mercantile
Company of N. Y. with power to vote thereon. The bridge and
pany’s liabilities were $1,701,598, which included loans due to Panama
RR. Co., $1,400,000, demand notes, $90,847, and traffic account, tunnel were worked together and the net earnings divided in the prop¬
ortion of live-sixths to the bridge and one-sixth to the tunnel up to
$77,301. Report for 1880-81, in V. 32, p. 575. s and
$7
..
expenses for the $450,000 and all over that amount nine-tenths to bridge and one-tentli
The following is a statement of tne earnin
to tunnel.
(V. 32, p. 059 ; V. 33, p. 22, 125, 224; V. 34, p. SO.)
years ending April-30, 1881 and 1880:
Earnings.
Spring Mountain Coal Co.—This is guaranteed 7 per cent per year till
1879-80.
1880-81.1885 by Lehigh Valley Railroad.
$600,915
$745,34 4
Atlantic line.
$745,341Sterling Iron d Railway.—The property of this company, in Rockland
1,531,077
1,950.597
—;
1,050.507
Panama line
201,978 and Orange Counties, N. Y., consists of 25,000 acres of land, with fur¬
80,887
Victoria line
930,057 naces, Ac., having a capacity of 15.000 tons of pig iron per year, and
973,472
Trans-Pacific lino
,10 / ,0 / 3
321,215 8*2 miles of railroad, houses, Ac. The company endorses the $471,074
:
Australian line
170,411 bonds of the Sterling Mountain RR. A. W. Humphreys, President, 42
203,550
Australian and New Zealand subsidies
118,300 Pine Street, X. Y.
99,410
Central American and Mexican subsidies ..
38,000
4,222
Sutro Tunnel.—Tunnel on Comstock Lode for facilitating mining oper¬
British Columbia subsidy
0,500 ations. New management elected March, 1880.
3,000
Annual report pub¬
Hawaiian Government subsidy
12,404 lished in Chronicle of April 24, 1880. See V. 30, p. 249.
12,897
Interest and dividends on investments
29,094
1.8,225
Miscellaneous
United States Express.—Mo reports.
4,05#
2,005
Exchange
Vermont Marble Co.—This’company sold in 18S0 $054,040 worth of
>1,402,047
$3,909,832 marble at a cost of $199,977. The statement to the N. Y. Stock Ex¬
Total
:
$1,402,047
change, March, 1881, said that the company’s property consisted of
Expenses.
$174,598 some 800 acres of land, comprising seven quarries, located at West Rut¬
$150,410
Atlantic line
1,127,800 land, at Centre Rutland ami at Sutherland Falls, Vt.; valuable water
1,120,258
Panama line
:
1,120,258
82,583
273,591 powers and extensive mills, many large and expensive buildings,
Victoria line
,.
503.570 together with all the machinery, Ac., necessary to perfect their exten¬
538,288
'
Trans-Pacific line
St. Louis

_

358, *07

Agencies
Extra repairs and expenses ships
Interest

370,009
333,8o3

32,524
93,289
1 14,033

30,043
133,327
201,305

310,441

Australian line

*

laid to
,

..

Miscellaneous

$3,519,821
450,001
1,229,912
>0, 528, 501, 642; V. 34, p.

$3,172,705

Total
Net earnings

-(V. 32, p. 205, 575, 013; V. 33, p.
178.)

102

Pennsylvania Anthracite Coal.—Stock and

bonds admitted to N. Y.

failed Feb., 1870.
Pennsylvania Coal.—Liabilities at a minimum, and 12 p. c. divs. paid.

Stock Board Feb., 1877. " Company

works stock was issued at
par to stockholders in 1881, and $2,523,000 more was offered to
stockholders of record on Fob. 18, 1882, making total stock as above
when all issued. Annual report V. 33, p. 302. The income account for
year ending July 31, 1881, showed total receipts of $2,995,490, against
Pullman Palace

Car.—For extension of

charged the following disbursements:
Operating expenses, including legal expenses, general taxes
and insurance, maintenance of upholstery and bedding
(including leased lines), and rebuilding association ears....
Which

were

Rental of leased lines

Coupon interest
Dividends

on

on

$1,070,109
204,000

191,807

bonds

482, LOO

capital stock

$2,014,442
Surplus for the year
$981,054
For live years past,
ending J uly 31, a comparative exhibit of the receipts,
r,

Total

expenses, profits and surplus

applicable to dividends, shows as follows :
Interest,
rentals, Ac.

Profits.
Surplus.
Expenses.
$1*585,567 $193,579 $1,09 L,988
$985,072
451,800
830,380
1,282,252
878,578
IgZJ-g.... 2,190,73 t 958,405 1,238,209 429,890
2,100,830
808,379
18/8-9
432,479
1,247,442
1,080,421
955,047
2,035,408
1.919,087
1,400,220
455,807
2,995,490 1.070,409
“(V. 32, p. 44, 330, 396, 579; V. 33, p. 302 ; V. 34, p. 20, G2, 115,147.)

Revenue.
187G-7— $2,570,039

The preferred stock
is entitled to 7 p. ot.
per annum, not cumulative, and any surplus goes
to the common and
preferred equally. (V. 32, p. 330; V. 33, p. 178.)
Railroad Equipment Co.—This company leases equipment to railroads
ou the “ Car Trust”
plan, advancing cash for the rolling stock and tak¬
ing obligations of the railroad companies
which cover the, priucfpal and
issued by the Equipment Go.
remains in the lessor till last

uuroliasmg railroad.

^




increase in capital to $0,250,-

Western Union Telegraph.—On the practical consolidation with tho
Atlantic A Pacific in 1878 the Western Union had a monopoly of tide-

graphing business in the United States. In 1879 the American Union
opposition line was started under the auspices of Mr. Jay Gould. Tho
Western Union Co. divided up its surplus stock, making a scrip dividend

On Jan. 19,
Union

nf 17 percent to stockholders of record June 20, 1879.
1881, was dated the grand consolidation, in which the Western
raised its stock to $30,000,000, giving par, or $15,000,000, for the stock
and bonds of the American Union; 00 per cent for old Atlantic & Pacific
stock was given in new Western Union; and a stock
38M
per

cent to Western Union

distribution of
shareholders. An injunction was obtained

against the stock distribution and litigation ensued, but the stock
(See V. 32, p. 124, Ac.)
In a history of the West. Un. Tele. Co., the New York World gave tho
following: “On April 4, 1850, the name of the New York A Miss. Valley
dividend was permitted.

Printing’TcLegraph Company was changed by a special act of the New
York Legislat ure, chapter 97, to‘The Western Union Telegraph Com¬
pany.’ The authorized capital of the company then was $500,000, of

winch only about three-fourths had been issued. On Aug. 19, 1858, tho
first scrip dividend was declared, being 33 per cent on $309,700, the
amount of outstanding stock.
On Sept. 22 of the same year, after the
amount of the authorized capital had been increased, a scrip dividend of
414 40 per cent on the capital stock of $485,700 vraa issued. Three
more

scrip dividends were

issued previous to the purchase of other
follows: July 10, 1802, 27-20 per
of $2,355,0.00; March 16,1803,

lines by issuing stock. They were as
cent on the capital stock outstanding
100 per cent on the capital stock

outstanding of $2,979,300, and Dec.

23,1803,331;} per cent o:i the capital of $5,902,000, increasing the
capital stock to $7,950,700. About January, 1804, an arrangement was
made for the purchase of the Pacific Telegraph Company, a corporation,
chartered in the State of Nebraska and authorized to buy, build and

“

Quicksilver Miming.—Bonds paid off July, 1879.

h Id

(V. 32, p. 334.)
Wclls,rFargo d Company Express.—An
000 was made in 1879..
sive works.

interest

running
payment

In the meantime

running from 3 to GO months,
of the si^ptal Re-rics of bonds
for similar periods. The title
is made, and then vests in the
the title is held in trust by the

& Safe Deposit Co. in Philadelphia, trustee for bond-

the amount being

$1,277,210.

the Western Union were all west

Up to this time the lines owned by
of Buffalo, and the chief executive offices were at Rochester, N. Y. The
next purchase was that of the lines of the New York Albany & Buffalo
Company, by an exchange of stock amounting to $600,000; and tho
**

purchaso of the New York & Washington Printing Telegraph Company
m a like manner, for $140,500, followed.
The stock needed for this
purpose was all issued between Jan. 1, 1864, and May 16. 1864. Tho
executive otlice remained in Rochester until July 1, 1866, when it
was removed to New York City.
‘.‘On May 11,1864, a stock dividend of 100 per cent per share was
made, which increased tho oapital to $20,133,800 The increase of
stock from that time to July 1, 1869, was as follows :

I

Subscribers will

confer a great favor

by giving

DESCRIPTION.

explanation of column

For

page

headings, &c., see notes on first

of tables.

immediate notice of any error discovered in tliese Tables.
nas—Princi¬
INTEREST OR DIVIDENDS.
no

Date
of

Size, or

Bonds

Value.

Par

$....
Sinking fund bonds,

1880

gold

Wells, Fargo <£ Company Express—Stock
Westeim Union Telegraph—Stock
Real estate bonds, gold, sinking fund
Bonds, coup, or reg., conv. till May, ’85, sink.
Sterling bonds, coupon (sinking fund 1 p. ct. per

fd. 1 p. ct.

annum)

1872
1875
1875

[Vol. XXXIV.

AND BONDS.

MISCELLANEOUS STOCKS

lxii

100
100 &c.
100
100

1,000
1,000
£100&c-

Amount

Outstanding

1188675690--792034.

Rate per
Cent.

1H

1,200,000
6,250,000
80,000,000

T*

1,373,000
3,920,000

From

Whom.

Payable

Ze-

951,102

Payable, and by

pal,^When Due.
Stoch's—Last
Dividend.

_

M. & S. New York and London.

$5,000,000

3,000,000

Where

When

J. & D.
J. & J.

Q.-J.

1*2

Ncav York,
New York, Office.
New YorK, Office.

(?)
Dec.

1,*

i9io

Jan. 10,1882

Jan. 16,1882

M. & N. N. Y., Union Trust Co.
May, 1902
May, 1900 '
M. & N. N. Y., Treasurer’s Office
M. & S. London, Morton, R.&Co March 1,1900

6 g.

which there was

1879-80.

applied—

1880-81.

$3,280,276 $3,732,633
$833,400 For dividends (8 percent)
428.516
427.455
08,000 Fois interest on bonds
40,000
40,005
5,700 For sinking funds appropriations..
3,800
etc
$3,748,793 $4,200,094
77,000
91,600 Surplus of net earnings for the year over divi¬
14,500 dends, interest and sinking funds appropria¬ $1,397,846 $1,440,546
stock
164,700 tions was
Telegraph stock
4,900 With the surplus
at the
Telegraph stock
80,400 1880, the result for on hand was as beginning of the fiscal year. Juiv i ’
1880-81
follows :
stock
~
3,885.200
Telegraph stock
333,300 The surplus July 1, 1880, was
$403,255
consolidation agreement
468,000 Add surplus for year as above
stock
.
1,440,546—$1,843,801
• 55,100 For construction of new lines and erection of
Falls stock
3,500 additional wires1
1,500 For purchase of sundry telegraph stocks, $1,041,657
500
674,884— 1,716,542
stock
11,833,100 patents, real estate, &c
Louisville stock
4,100
$127,258
Surplus July 1, 1880
made the total capital stock
This
$41,063,100 This balance, together with the balances of previous years, is rep¬
resented in the profits and disbursements of the company, for fifteen
“In January, 1870, the capital was $41,070,610. and in January,
years, from the date of the general consolidation—July 1, 1866. The
1873, $41,073,410. It remained at that figure until the present time.”
The stock was nominally ofthat amount, but only *£35,084,975 was out¬ general exhibit of the company showed the nominal surplus to June 30,
1881, of $16,616,468, out of which the stock dividend was declared in
standing prior to June 20, 1879, when it was again watered, and a scrip 1881 to the amount of $15,526,590, leaving a nominal balance of
dividend of 17 per cent declared, raising the stock to the above amount.
$1,089,878, which may go on as the nucleus for another stock dividend.
The last quarterly statement for the quarter ending Jan. 1,1882 The following statement shows the mileage of linesaud wires, number of

stock
stock

'For Atlantic & Ohio Telegraph
<For Erie & Michigan Telegraph
For House Telegraph stock
For Pemberton & Golden, trustees,
For cash
For Western Union bonds
For Ithaca Telegraph stock
For California State Telegraph
For Syracuse & Binghamton
For Missouri & Kansas
For United States Telegraph
For United States Pacitic
For equalization of
as per
For fractions
For Trumansburg & Seneca
For Hicks & Wright Repeater
For Lodi Telegraph stock
For American Telegraph
For Pittsburg Cincinnati &

,

tpartly

estimated), was as follows.

Net profits
Deduct interest on
:

bonded debt

Sinking funds
<Construction, &c
Net income for quarter
Deduct dividend for quarter

Surplus for quarter
Ada surplus of Oct. 31,

$2,010,527
..... $107,000

20,000
$300,000 $427,000
$1,583,527
1,200,000

$383,527
629,759

1881

$1,013,286
the annual report published in the Chronicle, V. 33, p.
410, the following was given for the fiscal year ending June 30, 1881.
expenses and profits (after reserving amount sufficient
Surplus Dec. 31,

1881

From

The revenues,
to

meet the

ing

claims of the

Atlantic & Pacitic

agreements) were as follows:

Telegraph Co. under exist¬
1879-80.

1880-81.

offices, and traffic of the company,
to June 30,1881:
Miles of No. of
Miles of

Line.

Years.

..

..

..

..

..

..

..

..

..

..

..

..

..

..

37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
71,585
72,833
73,532
76,955
81,002
82,987
85,645
110,340

..

"Revenues

Expenses




Net

profits

$11,738,094 $14,060,80G

6,591,455 ,8,420,165
$5,146,639 $5,610,640

Wire.

Offices.

75,686
85,291
97,594
104,584
112,191
121,154
137,190
154,472
175,735

2,250
2,565
3,219
3,607

179,496

183,832
194,323
206,202
211,566
233,534

3,972
4,606
5,237
5,740
6,188
6,565
7,072
7,500
8,014
8,534
9,077

327,171 10,737

for each year from June 30,1866,
Net

No. of Mes-

sages

Sent.

Receipts.
$

6,568,925
5,879,282
7,004,560
6,404,595
7,316,918
7,934,933
7,138,737
9,157,646
7,637,448
10,646,077
8,457,095
12,444,499
9,333,018
14,456,832
9,262,653
16,329,256
9,564,574
17,153,710
18,729,567 10,034,983
9,812,352
21,158,941
9,861,355
23,918,894
25,070,106 10,960,640
29,215,509 12,782,894
32,500,000 14,393,543

-(V. 32, p. 43, 63, 63, 92, 124, 146. 156.
544, 637, C87; V. 33, p. 282, 305. 411.)

'

Receipts.
$
2,624,919

2,641^710
2,748^801
2,227,965

2,532,661
2,790,232
2,757,962
2,506,920

3,229jl57

3,399,509
3,140,127
3,551,542
4,800,440
5,833.937

5,908,279

206, 232, 266, 289, 312, 527,

1882.

Fjeb.

CAPITAL.

COMPANIES.

timer)
are not Natl.

Mild,

Amount.

Par

Broadway--

100 2,000,000
300,000
100
25! 450,000

Central
Chase

Chatham....

Chemical... 100,
25
Citizens’

09.28781152.

100
Commerce.. 100
Continental. 100
CoraExch .*. 100

City

.

200.400
473.300
211,70©
178.500

J.
J.
M. &
J. &

300,000 3,497,600 ~
172.100
000,000

1,000,000 1.727.400

5,000,000 3,053,900
1,000,000 276.200
1,000,000 936.600

250,000

25;

100,000
150,000

25
100
100

llt.h Ward*.
Fifth
Fifth Ave*..

100.000

73,800
17,300
45,100
302,000

Fourth
Fulton

—

Garfield —
Germ’n Am.*

30
50
50
75

000,000

1,000,000

Germ’n Ex.* 100

100
Greenwich*. 25
Hanover... 100
Imp.& Trad. 100
50

Germania*..

200.000
750.000
200,000

.

.

.

May.

105.600
110.200

150.300
485.700

2,000.000 1,101,*00

.

200,0001

1,000,000!

2,000,0001
l,000,000j

100,000
1,000,000
2,000,000

Nassau*
New York
N. Y.County
N. Y.N. Ex.
Ninth
..

200.000

93,800
300,000
142.900
750,000
200,000
700,00(1
73.400
210,000
192,000
300,000
234,000
422,700
2,000.000 1,072.800

N. America'

North Biv’r*
..

—

Park

..

.

20
50

794.700
138.900

40
50

•

3

8
s

3

A J.
7 1 <>,7()()iM. A N.

53,300
134 9001J.

Kings Co.(f) j

•

A

.T.

Alabama (treat Southern—
(295 ra.).
(295 tn.).
18^2
(295 m.).
Atcliisou Topeka Sic Santa Fe—
(888 to 1,167 m.).
(1.167 to 1,540 m.).
1881*
(1,540 to 1,788 m.).
(1,788 in.).

Burlington Cedar Rap, Sc No.—
1879
(435 m.).
.1880
(492 to 564 m.).

(504 to 589 m.).
(620 m.).

Central Pacific-

(2,178 to 2,361 m.).
(2,301 to 2,586 m.).
(2,586 to 2,771 in.).
1S82
(2,862 m.).
Chesapeake Sc Ohio—
(437 m.).

150,000
30c,000
300,000
200,0> 0
250,000

Merchants’..

200,000

Montauk(+)..

20

Niagara
North River.
Pacific

Jan.,’82. 3
Jan ’82. 3^
Jan., ’82. 5
Feb., ’82. 2^2
Jan.,’82. 4
Jan.,’82. 5
Jail.,’82. 3

Rutgers’
Standard
Star

5**0.000

July,’74. 3^
Feb.,’82. 4

Sterling
Stuyvesant..

350,000
200,000

Jan.,’82.
Jan.,’82. 3
Jan.,’82. 5
Jan.,’82. 4
iau.,’82. 3
Nov,’81. 3*2
Jan., ’82. 3L>
Jan.,’82. 31*2
May, ’81. 5

Tradesmen’s

10

Jan., ’81.10

(2,772 to

m.).

(152 to 220 m.).

1881*

(220 to 230 ra.).

none.

12
10
12
14
200,303 20
10
14
166,006 20
10
8
20,270 10
10
10
160,319 13
10
10
84,007 10
14
14
161,265 20
10
10
1< 0,177 10
10
10
324,858 15
10
10
71,654 12
14
13
610,216 12
8
8
OS,022 8
20
20
385,( 0*» 20
12
12
9(5,361 12
20
18
207,671 20
10
1L
100,284 12
10
10
511.607 10
10
*0
17,684 10
14
20
171,024 20
9-73 12*46 12*46
1 56.030
9
id
17,165 12

5

5
5
3
4

Jan.. ’>2.

5

Jan.,’82.
Jan., *32.
Jan.,’82.
Jan.,’82.

6
5
4
5

Jan.. ’82.

5

Jan.,’82. 7
Jan.,’S2. 5
Jan.,’82.

3L*
Feb., ’82. 5
Jan.,’82. 7

Oct.,’81. 4
Jan ,’82.
Jan..’82.

8
6

nene.

Jan.,’82.10
Jan.,’82. 5
Jan ,’82. 5
Jan.,’82. 5
Jan.,’82. 7
Jan.,’82. 3L3
July, ’*1. 4
Ang.,’3(>. 3L3

7
6

15
8
6

7
7
8

8'

..

.

Unit’d States

300.000
250.000

Westchester.
W’msburg C.

300,(4)0
250,000

*

10

10

Jan.,’82. 5

10

iO

July,’si. 5

10
10

10
10
20

Jan.,’82. 5
Feb., ’82. 5
Jan., ’82. LO

rr

27,520 !

4

137.615*10
50.202 10

.

23". 143 11
175,041 10
500,186 20

20

,

including re-insurance, capital and scrip,
(*) Brooklyn.
includes scrip.

Over all liabilities,

t Surplus

OP The following companies have been

omitted from the above

Columbia, Hoffman, Lamar, Lenox, New York City and
Republic. These companies discontinued business in 1831 and are now
iu liquidation.

PRINCIPAL

OF

March. April.

200,oOo
200,000
200,000

Relief

for the

EARNINGS

1,000,000

Phenix

May.

June.
?

July.

RAILROADS.
Aug.

Sept.

$
47,525
5 ,9 V2

$
58,701
68,1b7

8
62.511
70,704

469,456
657,586

516,765
074,22a

593.311
806,730

Oct.
*
07 563
80,869

761.896

Nov.

Dec.

8

*

Total.

61.155

01 619

*
6-13.921

78,2-42

86.912

78

664.512
903.728

847,215

314,732
481,103

369,107
478,331

50S.608

546.182

651,090

696,966

603.5S2
67 T 863

117,302
184,316
167,750

111,924
188.325

100,132
141,652

107.990
143.432

160 160

15t.705
179.804

204,991

147.7S5
139, 30

1,531.949

149,504

110.179
153.378

17-,204

165.171

193.419

2,053.482

124,510

148,551

184,680

165,639

2-

174,351

209,112

2.1,.801

221,748

202,180

2-2,8.2

2,25.),037

1,488,142

1.335,870

2.199.460

1.9,15.222
2 2.5,179

4, 91,101

97,277

8

40,821
51,135
410,808
741,012

5,912

122.827

019.484

6.381,443
8,556,976

1,277,000

931,000 1.14rf,00 )

1,066,000 1,186,000
116,950

932,122

i,51S

171,524

252,823
1.556,457 1.619,429 1,809.022
1,039,160 1,056,691 1,280.272 1,406,600 1,579.591 1,443,088 1,458,833 1,973.438 1,961.997 2.120.223
1.200,614 1,070,487 1,373,438 1,356,716 1,778,483 1,724,9 0 1.840.007
i
2,185.303 2,507,8 7
1,602,907 1,454,218 1,709,638 1,872,370 2,091,411 2,159,382 ,809,316 2, ,88.519
1,870, <00

2,297,971

....

221.559

178,824
199,443

148,457
214,255

227,343

252,235

241,1,5

132,172
222,762

198,681
184,389

162,611

228,479

102.077

88,667
202,335
162,540

524,954
487,890

173,383
238,236
22 j.OjO

2,?t)G,763

601,101

553,0'4

5.755.677

696.77

571.695

7.718.198

(80,13-

635,307

7,5 3,983

148,074
240.795
2 3 ,58

628,811'
767.349;
708,897

668.163
785.199
7j
>59

1.632.207 1,332,123 1,368.348
1.315.5.9 1,484.316 1,709.932
1.834.321 1.862.285 1,934,762

1,296.0.82

335.393
542.961

421,937

417.794

536.813

583,832

616.128

708.906

761.120

511,415

5-48,675

528,860

617,524
616,06

671,666

771,466

,

65,334
111,800
120,550

66,315
93.231

66,437

75,300

82,049

92.975

88,477

80,025

873.453

131,?<7

131.904

130,89 i

128.597

128.931

1,299,011

********

153,808

67,025
88,278
123.97.

60,989
83,689
135,764

476,667
738,749
683,000

591,176
764,298

2,173,945 2.202,981 2,031,001

114.120
125,-84

60,363
83,265
110,3dG

632,898

678,439
857,323 798,659 773.173
871.041 1,134,.45 1,037,958 1.026,709

110,289

1,070.525 14.113.503

1,327.679 1.43s. 107 1 1.779.715
1,837,860, 1,552,013 20,454,494

151,671

149,588

•••*.*
HSP2
(4,104m.).
®J*Jcago Sc Northwestern—
(2,154 to 2,293

2 6.4.3 S

2 j3 562

183.326
211,320
23 »,396

...

72.466
i 25 455

1,415,000

1,936.539

247.303
24 ,144

327.370
626.473

307,681
497.013
461,641

.

946,427
911,150 1,109,831 1,118,736 1,275.516 SOT,090
993.823
1,105.098 982.877 1,071,738 1,018,755 1.171,303 1,160,968
1,682.956 1,773.643
1,432.740 1,411.870 1,732.518 1.489,894 1,909,627
1,418,149 1,574,371 1,679, 5 , 2,083,8J .• 1,888, 5'

(230 m.).

179.161

221.092

....

1,045.407

(1,729 to 2,256 m.).

*

218.009

215,695
2.>9,11C
262,858

....

68,107

1880*

10
8
12
10

Jail., ’79.
Jan.,’82.
Jan., ’82.
Jan.,’82.
Jan.,’82.

table, A’iz.:

,

579,447

Z -v,-

10
10

10

52.307

(840 ra.).

Chraago Sc Eastern Illinois—

150,000
200.000

Cooper
People’s

Peter

Soid.,’81. 5
Jan., ’82.10

58,298

343,737

(i,65o to 1,709 ra.).
(1,709 to 1,857 ra.).
(1,857 to 2,772 m.).

200.000

! Park

July, ’81. 5

50.991

(678 to (840 m.).
840 m.).

Burlington Sic Quincy-

200,000
500,000
350,000
200,000

10
10
20

5

$
44,145

S
*

200,000
21 Op 00

..

N.Y Eq’table
N.Y. Fire....

Feb..’82.

Jan.,’82. 6
S42, Jan.,’82. 3*2
10
Jan.,’82. 5
11
Jan.,’82. 6
12
Jan.,’82. 6
10
Jan.,’82. 5
10
Jan.,’82. 5
30
Jan.,’82. 7*3
6
Jan., ’82. 3
I2L7 Jan., ’82. 5
10
Jan., ’82. 5
10
Jan.,’82. 5
10
J.m.,’82. 5
10
Jan,. ’82. 5

none. none.

5

27,400

4

45 344

210,455

1878
f879
1880

206,687 20
6,017 5
10 a,399 14
120,505! 13

rr

10
12

47,829
62,005

(437 m.).

.......

,000

200,000

NasRau(i)....

3
4
4
31*2
3*2

10
20

299,085 10

Jan.,’82. 3*a
Jan.,’82. 5
Jan.,’82.10
Feb., ’82. 8
Jan., ’82.10
Jan.,’82. 5
Feb.,’82. 5
Jan.,’82. 5
Jan.,’82. 5
Jan.,’82.7-35
Oct., ’81. 7Lj
Jail.,’82. 319

10
10
20
16
20
10
10
10
10
14-35
15

$
51,227
63,291

$
55.401

*1882

Chicago Sc Alton—

200,000

..

National..

66,304

169,173112
63,117 10

Meck.ATrad
Meeli’nics’ (+)
Mercantile

for the State banks.

Feb.

Jan.

280,000

Lorillard
Man. A Build.
Manhattan..

jan.,’82. 6

of (late December 31. 1SS1,

MONTHLY

Knick’beck’r

.

Nov.,’81.
Jan.,’82.
Jaii.,’82.
Feb.,’82.
Jail.,’82.

200,010
150,000

Lafayette (J)
Longlsl-O .1

Jan.,’82. 3
Jan.,’82. 3^*2
Jan., ’82. 3
Jan.,’82. 3*2
Jan.,’82. 5

8

12

305,600 .1.
207,000! J.

j
TrJ

10

7
8
10
7
7
3

8
(>1*2

383.1001.W.

Howard

10
10
10
10
445,439 20
16
3-8,466 18
20
215,017 20
20
501,012 20
10
169,855 10
10
132,334 11
10
94,700 10
1,406,720 13 65 13-77
15
617,928 15
7
54,895 10
10
78,231 10
15
124,071 15
7
5. ,100 8*2
10
58,120 11
11
145,469 7
10
1.414,064 10
12
823,369 14
10
120.038 10
30
338,348 30
6L>
20,004 7

520,119 10*2

124,285 1212 12Lj
150,000
10
860,485 20
1,000,000
10
3,0 0,000 1,806,180 LO
10
506,000
120J'44 5
10
51,707 10
200,000
200,0410
2,974 8*2; 7

....

Jan.,’82. 4
Jan.,’82. 5
Feb., ’82. 3*2
Jan.,’82. 4
Jan ,’82. 4

6
7
8
10
8
7
6

& ,T.
& N.
A J.

200,0*0

.

Jefferson. ..!

7

.

200.000

Import. A
Irving

3
7
6
7
10

6

J

Hanover
Home

Jan.,’82. 4
512 N0V. ,’81. 21*2
July,’79. 2^2

8
8
7

!

200,000

Jan.,’82. 7

1

1

1,0(10,000
1,000,4*00

Jan.,’82.

6

J
J
J

..

May ’81. S
Nov.,’81. 3
Nov.,’81. 3

6
6
8
S
7

!

150,4*00
200.00O

..

3

Feb. ,’82

6
8
6
6
7
14
8
10
7
8

12

banks, and of date December 17,-1881,

1881

.July,’80

6
10
8
6
7
7
7
lu

tFigures in this column are

National

8

I

67.900 J.

j 1,00! *,000

Union
1,200,000
100
500,000
U. States
200.4 •<><:
West Side*.. !<)<>!

Nov.,’81. 3io
Oct., ’81. 4

*

A J.
106.200 J. A J.
163.200 J. & J.

...

...

712 Jan.,’S2. 4
7

204,000

Firemen’s
Firemen’s Tr.
FTanklinA E.
German Am.
Germania.. :
Globe
Greenwich
Guardian
Hamilton

Jan.,’82. 3^

Jan., ’82.10

7
6
7
10

55.400 J.

300,000
Seventh W’il ilOO
i 100
300,000
Second
500,000
Shoo & L’thr •100
:100
200,0(0
Sixth
800,000
State of N.Y. 100
100 1,000,00<
Third
Tradesmen’s

Feb..’82. 5

1,700

500,000

St. Nicholas. :10o

300,000
200,000
200,010
200,000

40

5*2

122.70c ,T.
231.700 J:

200,000

2.)

1,000,000
125,000
Produce*.. :
'Republic— :100 1.500,000
Phenix

.

l,3uo
86.600
115,800
772,100
45.400

loo.ooo

1,000,000

Eagle
Empire City.
Exchange.
Farragut....

July,’81. 3

6
7
14
8
9
7
7
8
8

3,000,OOOjl,200,000

Morris*.
Murr’y Hill*
Mt.

Clinton

Nov.,’81. 5
Jan.,’82. 4
Jan.,’.-2. 512

6

(>

N.
N.
J.
J.
J.
J.
A.
J.
J.
J.
N.

.600

300,000!

Metropolis*.
Metropolitan

People’s*.

77,200
39,500
172.100
672.200
180.200

500,000|

Merch. Ex..

Oriental*.
Pacific *

.

A
A
A
A
A
A
A
A
A
A
A

300,000

...

Commercial.
Continental t

30
7
7
8
3
5
5

373.700 M. A N.
A O.
905.500
A J.
7,200
A A.
150.100

500,000
Irving
000,000
Leather Mir. 100
1,085,6(10
Manhattan * 5012,050,000
117.400
100, 400,000
Marine
308.700
500,000
Market

Mechanics’
Mech. Ass’n.
Mech. & Tr.
Mercantile..
Merchants’.

210,000
250,000
200,000

200,000
153,000

Mar.,’82.15
Jan., ’82. 312

6

M.
25,400 M.
200.000
1,000,000 375.700 J.
1,500,000 2,121,000 J.

200,000

City

Jan.,’82. 6
Sep.,’81. 4
Jan.,’82. 4

300 000

July,’76. 3

500,000 3,010,500 Q.-J.
100
100 3,200,000 1,161,800 J. A J.

First

Gallatin

300,000

25

Butch’s’&Dr

Bowery
Broadway...
Brooklyn (J).
Citizens’
!

Jan..’82, 8
Jan., ’82. 4

400,000
200,000

Last Paid.

1879. 1880. 1881.

$

..

Kiver

Jan. 1,
1882.*

Amount.

American!...
Amer. Exoh.

Jan.,’82. 4
Nov.,’81. 312
Jan., ’82. 5

7
7
10
16
16
7
8
7*2
8
6
6
6
100
100
7
6*2
15
15
8
8
7
7
10
10
7
7
7
7
10

100 3,000,000 1.685.400 J. & J
100 5,000,000 1.486.400 M. & N
250,000 202.200 J. ' *
100
25 1,000,000 1,252,900 J.

America*. Am. Exch. .

East

Par.

Latest.

Period. 1880. 1881.

dates.!

Dividends.

Surplus,

Companies.

$

Bowery--

Net

Capital.

Dividends.

Surplus
at latest

LIST.

STOCK

INSURANCE

STOCK LIST.

BANK

lxiii

EARNINGS.

INSURANCE STOCKS AND RAILROAD

BANK AND

*

Mllwaukee A St. Paul.(2.256 to 3,7.5 m.).
(3,775 to 3,951m.).

Approximate figures.




m.).

991.000

900,671

733,736 1,018,806 1,200,740
991.291 12257,678 1,493,621

917,000 1,260,000 1,538,000 1,731,060 1,569.0.0 1,078,000 1,645,OOo 1,590,000
....

1.060.951 10 012.819
1 -397.30
13.086.119

1,558,470

1,325.8', 5 16,098.373
1.477,902 19,416.009
1.855,476 1,849.207

1,855,000 17,026,000

—

1,806,073
889.623 1,107.042 1.128.894 1,433,365 1,393,087 1.314,231 1,326.951 1,710,409
1,008,321
2,020.245 2,105.217
1.154.632 1,131,083 1.361.725 1,294,573 1.875,608 1,671.177 1,699,686 J,767,939
2.292,676 2.341,007
1,240.667 963,205 1.17-.796 1,474,6121l,87n,006 2,306,440 1,983,031 2,315,164
1.6 0.336

1,100,245
1.472.038
1,569,000

,

l

.

^?8b2
igW

.

1.855.022

2,019,037
.

88118 2.
10888811

887888111
0921

912100977788811182. *

MONTHLY

1880
18>4l
1882

Denver

910902978787811180.

257,786
307,498

400,133
006,193

400,583
620,042

473.033
605,680

27.733
24,209

24,121
32,880

28,184
35,867

26.925
51,450

a3,564
47.510

33,324
40,001

162.967

154.154

124,2.84

113.810

187,023

154,417

133,900

222,709

220,000
254,000

282,403
206,240

303,51S
315,614

175,187

111,812
129,646

195,550

173,791

98,421

102,129
130,740
168,520

73,996
121,370

113,488

SS,561
130,488

107,350

115,969

140,032

123,570
158,752

160,708

160,5+8

137,010

157,364

155,255

108,058

77,411

Charleston-

1880*
1S81*
1882

Milwaukee Lake S.
1881*
1882

(830
(330
(330
(330

ra.).

532,161

613.800

m.).

.

401,532

113,898
153,959
166,450

117,026 1.148.024
151,112 1,596,945
163,821 1,858,255

193,125
207,147

253,233 1,997,306
279,635 2,561 ;89i
*180,376 *2,280,966

807,85h

031,343

800.837

aso.211

783.120 :

828,847

815,238

737,218

122,406 120,785
107,520
110.022
121,343
110,732
117,955 *193.307 \181,674

92,279
96,621
1F10O,820

T150,097

98,295 122,443 178,949 228,800
80,648
191,921
275,330
147,580
96,206
113,254
170,039 *172,001 *196,062 *253.499 *277,295 *308,323

244,813
254,597
*303,006

218,208 1,775,861
253.354 1,953,594
*305,859 *2,792,518

527,214 609,578
931,911 1,000,326
051,506 1,002,050

697,0a3
053,086

681,811 6,007,388
949,185 9,491,344
1,145,000 11,335,582

190,812

141,533
238,081
172,950 *194,949 *198,110 *215,308

492,591
535,732

575,461
665,120

580,578

573,250

613.008

681.736

724,095

601,977
732,755

524,499

557,789

602,493

673,259

803,887

120,004

868.407

82,952
89,960

80,581
116,185
102,359

90,229

95,627

90,374
103,555

85,733
102,631

90,821
106,954

88,549
103,4.38
88,764

122,280
115,595
229,944

80,540
110,318
187,290

421,579
612,593
9i7,059

396,083
563,883
850,862

425,750

83 979

60,259
63,115
84,406

51,980
58,020

176,810

233.448

656.005
873.1R2

7,234,464
8,304,812
703,475 8,586,397

83,261

147,326
140,214
216,127

96,580

85,681
95,076

106,054
104,619

1,160,743
1,223,070

ra.),
in.).
m.).

430,638
575,035

805,124

976,230
055,014
828,726 1,227,885

419,246
772,537
317,135

443,749
827,089
870,192

49,441
52,865
75,276

49,692
68,632
90,0)9

19,721
80,132
91,387

35,395
104,734

24,940
35,902
47,732

21,308
34,211

22,782
34,067
50,423

504,229

1,065,223

95.301

129,265

.

111,842
101,115

.

m.).

87,924
102,252
110.050

86,975
115,644

74,007

19,865
33,251

25.271

24.833

37,772

23,166
30,346

23,742
28,014

39,078

31,382

33,991

43,777

44.557

170,65S

162,740

21,170

49,031

06,066
125,731
110,776

131.250

142,101

139,225
134,427

157,593
137,400

878,100
U68.545
1,235,091

36,001
38,042

87,995

29,791

35,906

48 734

65.013

71,395

57,465

41,255
61,845

315,943

40,125

309,310
251,368
*252,434

316,020 2,127.497
287,373 2,273,623
*262,025 2,406,437

174,245
182,087
152,059

185,653 1,800,878
175,996 2,649,448
173,127 2,075,256

2,801,835
3,047,541

2,846,216 29,367,432
2,833,403 33,605,418

00,837

427,752

630,822

65,293
191,486

.

250,116
224,347

.

.

(349 m.).
(349 ra.)
(1,000 m.).
(1,000 m.).
(1.000 m.).

145,803

161,253 267,084
100,147
110,491
184,247 264,714
140,593
131,021
136,517 *131,009 *159,348 *209,044 *252,921

158,034
191,154
190,866

149,497

128,506

16u,457
207,710

155,400

139,524
158,839
164,431

105,047
144,155
154,549

129,249

91.009
121,855

161,433

.

Louis—

(349 in.).

168,302
230,916

119,494
140,091
163,551

117,593

204,094
216,768

157,278

.

205,634

.

178,143

.

1+3,525

133,590
151,594
150,430

142,182
169,320
108,317

157,303
107,473

169,958
178,200

179.979

172,121

156,994

.

2,546,02t 2,922,376 2,898,586
2,024,812 2,210,301 2,474,392 2,214,620 2,211,011 2,022,823 2,194,422
3,000,627 3,095,198
2,317,231 2,854,835 2,782,324 2,540,998 2,653,477 2,863,310 3,022,85f
2,593,613

.

.

2,404,713 2,293,463 2,668,250

.

1,713,697 1,515,835 1,398,245 16,509,120
1,356,780 1.372,755 1.350,574 1,230,419 1,273,532 1,450,223 1,492,495
(928 in.). 1,147,173 1.207.391 1 ,(>44.958 1,643,151 1,592,544 1,661,812 1,580,976 1,600*873 1.780,417 1,899.910 1,797,338 1,726,788 19,489,366
(028 to 1,009 ra.). 1,296,381 1,252,218
1,776,891 1,794,9 2 1,787,081 1,772,895 1,734,200
(1,009 in.). t,443,437 1.425,765 1,847,261 1,709,057
(1,009 m.).

Lake Erie & West.—

.

.

.

England—

i284 to 316 m.).
(316 to 304 in.).

(394 ra.).
Ohio(560 in.).
(560 in.).
(560 in.).
(560 in.).
..

New York Penn.

164,231

.

189,749

.

298,647
412,365

.

.

421,903

.

(322 ra.).
(322 in.).
(322 m.).
(322 m.).

1832

Northern Pacific —
1879
1880*
1881*

109,894

(428 in.).

Northern Central-

(647 to 722 ra.).
(722 m.).
(722 to 972 m.).
(972 m.).

183,845
212,019

294,713
384,982
389,125

341,824

121,451
161,954
153,633

132,802

396,302
2,809,255

108.108
*237,729

408.479

404,114

4,883.706

452,692
432,511

473,361

5,267,840

210,856

219,891
231,518

205,056

240,88a
280,524

235,642

240,820

330,812
412,871

317,143
346,644

301.272

474,378

308,430
447,279

360,042
433,538
422,657

415,364
470,546
455,032

433,520
500,748
420,300

477,776
508,825
455,277

156,870
164,917

.

.

496,332

118,113
143,099
173,251

130,979
131,407
149,603

102,247
133.704

138,224
145,535

177,342
209,446

173,374

200,308
230,910
240,604

209,046

150,889

134,955
179,947
196,123

175,420

195,650

328,869
380,130
487,272

317,568
329.788

315,307
419,193
437,287

324,425
450,298

316,716
453,923

426,831
464,093

440.811

498,008

429,565

413,534
512,917
449,664

377,310
450,054
487,160

115,056
185,700
211,190

204,195
217,013

198,744

192,324

210,927

270,893

295,200

210,035

115,084

253,105
363.270

241,277

223,500

aio.ooo

358.456

300.822

220,993

404,180

411,624

490,096

505,485

428,003

221.438

■
.

179,972

228,861

’

<

203,329
181,746
*196,780

1,749,616
2,064.194
2,267,192

153,847

.

265,002

.

3:14,494
386,150

.

•

37,014
81,390
116,50 +

.

273,607
330,860
332,657
44,658
77,259
77.473

334,166
415.325

452,906
108.975
119,353

159,696

485,58+

305,292

414,599 4,107,948
494,310 5,050,337

476,022 5,443,697

2,004,555

2,629,710
434,331 4,044,576

239,800

.

Pennsylvania—
(All lines east of Pittsburg & Erie)2,708,695 2,390,810 2,782,906 2.982.718 3,336,528 3,518,144
(+1,716 to 1,806 m.). 2,543,425 2,538,039 2,603,068 2,030,022
3.221,476 3,449,644 3.723.355'3,647,543 3,882,714
(+1,806 to 1,820 in.). 3,083,551 2,944,576 3,278,186 3,488,366 3,417,910
3,780,418 3,809,978 8,735,000 3,672.971
(+1,844 to 1,970 m.). 3,189,215 3.095,614 3,844,304 3,700,372 3,656,897 3,807,437
(+1,970 m.).
Philadelphia Sc Reading—
1,374.013 1,542,911
957,215 877,865 1,041,142 1,142,884 1,332,547 1,343,014 1,303,522 1,462,280 2,089,256 1,746,299
1879
(S00toS46m.).
l ,282,835 1,531.813
18S0
(846 m.). 1,310,089 1,085,162 1,4*9,3+9 1,490.330 1,457,881 1.398,536 1,835,725 2,000,986 1,945,874 1,989,948
1,336,428 1,609,508 1,4+4,804 l.Ot 8,302 1,707,295
(846 m.)
)
1882
(S46 m.).,
1
St. L. Alt. &T. IL Main Line114,229
70,2621 03,210i G0.169 92,363 105,648 130,706 110,682
71,121
66,728
59,757
(195 m.).,
143,881
150,727
95,847 105,837 138,153
113,518 108,434!
108,9+8
96,922
(195 ra.).,
113,774
110,732 121,799 110,149
137,886 118,220' 114,356
104,577 109,758 140,179
1881*
(195 m.).,
104,307
1882
(195 m.;.,
St. L. Alton &: T. IL Branches—
63,786
55,216
43,704
37,778
31,736
37,163
41,331
44,887
44,204
48,445
(71 m.)..
67,589
77,982
66,032
52,924
52,032
44,370
55,476
47,028
54,750
56,218
(71 to 121 ra.)..
05,500
08,780
62,503
14,900
48,995
51,540
04,110
68,565
04,186
71,148
1881*
(121 m.)..
64,680
1882
(121 m.)..
St. Louis Iron Mt. Sc Southern403,316 591,075 724,713
281,920 332,166
(686 in.).. 334,029 339,161 353,147 318,190 302,641 363,454 432,655 565,809 671,219 688,305
1879
349,053
451,560 408,241
555,9S3 490,195
,1880
'
(686 m.)..
540,302
479,075 474,302 £33,512 644,386 *390,400 *719.230
704,002
560,791
570,957
(686 to 718 m.).
516,370
(718 in.).,
rSt. Louis Sc San Francisco89,019
88,418 120,607 186,711 202,210 221,082
81,402
92,878
85,679
78,823
(327 to 492 ra.)..
173.607
213,207 259,995 280,873 328,194
107,664
170,164
193,146
195,948
198,091
(492to 597 m.)..
252,333 2+0,373 279,064 308,569
178,234 262,050 265,298 283,399 260,254
212,435
(597 to 043 m.)
1881*
(661 m.).. 256,784
1882
:St. Paul Miun. Sc Manitoba.—
188,940 225,054 201,202
190,349 241,339
239,991
208,651
(563 to 656 in.)..
345,057
i 80.239 137,645 261,797 333,014 281,899 243.407 272,080 232,579 274,188 605,708
(636 to 855 m.)..
485,736
414,954
38 7,488
(855 m.).. 254,187 159,482 320,962 425,685 382,642 405,322
395,401
'1882
(912 m.)
Scioto Valley30,172
31,733
32,384
33,959
21,875
22,048
20,453
20,351
28,005
21,930
(100 m.)
47,970
51,241
50,290
38,239
38,319
20,407
20,969
22,917
28,816
21,712
(100 to 127 ra.)..
31,206
m.)
(127
Texas Sc Pacific141,083 153,006 195,711 220,073 200,570 303,660
245,785 219,165 215,070 174,177
1880
(444to 700 m.)..
320,460 354,082 337,117 403,570
312,420 280.347 207,443 264.204
281,176 250,339
1881*
(700 to 1,055 m.)..
310,785
(1,114 m.)..
Wabash St. Louis Sc Pacific953,468 1,000,742 1.189.478 1.178.050 1,501,203
892,025 948,773
978,629
759,451
776,790
1880
(1,55^ to 2,479 m.)..
1.542.838 1,493,026 1,390,300
1881*
(2,479 to 3,350 m.).. 811,617 818,922 1,119,591 1,023,482 1,144,60) 1,303,992 1,131,751
.

.

3,840,215

3.453,925 34,620,277
3,517,828 41.260,068
3,731,750 44,124,178-

1,531,204

1,442,587 15,351,184

2,015,589

1,850,889

100,963

110.41C

3,131,997
3,574,913

.

1,040,542
1,417,663

110,699

101,950

100,392

86,009

1,371,034

52.460
72,074

64,751
82,553
67,843

565,521
729,078
741,767

655,418
656,951
*709,498

5,292,610
6,265.597
7,319,744

210,332

1,672.437

170,667

2.540,573

62,152
656,832
632,052

*687,280

•t

203,276
284,320

220,063 2.698,371
287.914 3,160,245

220,695
300,675
508,530

297,640
528,203

3,160,229
4,878.900

24.802

317,003

290,329

•••«••

28,7ffl
43,117

43,741

439,144

......

.

..(3.350

18"2..,

ra

357,724

301,858
381,218 3,921,569

1,131,787
1,399,555

1,950,810 12.423.112
1,328,278 14,461,570

312.184

1.220.065

+ And 66 miles of canai.
first six months are based on 503 miles—remainder of year on

Approximate figures.

§ Earnings

2

*242,412

183,700
217,185

215,624

.

West.—(At.Miss.ifc O.)(428 in.).
(428 ra.).
(428 m.).

215,491
299,573 *261,199

179,689
216,913

471,973

149,908
173,614

i

18^0




302,057

950,065

(349 in.).

New York &; New

*

302,525

304,237

736,066

99,810
224,312

674,455
816,960

.

(506 m.).
(506 in.).
(500 ra.).

Central—

466,921

298,080

401,532

*201,782

107,560
179,396

122,874

324,725

239,735
242,214
*202,507 *213,433

134,071
191,317

450,476

.

(528 to 506 m.).

ia8l

176,356

79,410

36,695
35,286

35,651

*1,932

Sc West.—

1879

200.735

1J2.470

.

(162 to 205 m.).
(205 to 250 m.).
(250 to 275 m.).

Nashville Ckatt. Sc St.

165.444

216,061

161,818
159,543

.

(273m.).

Mobile Sc Onto—

211.899

82,934
80,498
90,28?
195,824

(1,840 to 2,020 m.) .
(2,020 m.).

1879*

137,038
166,966

88,725

060,819

728,173

(212 m.).
(212 ra.).
1882*
(544 ra,).
International Sic Gt. Northern(519 to 529 m.).

Memphis Sc

159,587

595,212
631,281

(1,257 to 1,275 ra.).
(1,275 to 1.321 ra.).

119,886

580,192

.

147.013

137,047
176,079
154,401

.

118.024

135,378
166,037

.

77,520

109,992

(1,321 m.).
1882.:
(1,321 in.).
Indiana Bloom, Sic Western—
(212 ra.).

;

349,190 3,478,067
643,417 «.206,813

30.980

.

JT5-.

312 173
3,122,007
39i’850 3,981,296

408.562

514,767

373,132
548,284

18,146
30,225

.

Total.

¥

*

295,450
534,230

(900 ra.;.

Louisville &; Nashville(973 to 1,107
(1,107 to 1,840

342,052
382,714

182.444

(529 to 571 m.>.
(571 to 776 ra.).
(776 in.)..

Dec.

%
342,834
380,733

25,609
26,939

Marquette—

Illinois Central-

392,702

251,013
385,580

Nov.

$

20,665
16,471

.

(293 ra.).
1880*
(293 to 318 m.).
1881*
(318ra.).
(318 m.).
1382
flanuibal Sc St. Joseph(292 in.).
(292 m.).
(292 ra.).
(292ra.).

800912787 11882..:*:

193,925

218,093
404,562

8
230.99.*

$
300,833
363,685

160, SS3
408,493

1879*

Norfolk Sc

232,146
350,1^4

s

Oct.

Sept.

$

120,922
317,681

(87 ra.).
(87 m.).
(87 m.).

Flint Sc Fere

New York

259,208
261,211

11

Aug.

18,779
24,968
32,823

(1,062 ra.).

1882
New York

259,783
251,648

July.

June.

164,883
433,212

Sc Fort Dodge-

Va. Sc Gn.—
(508 to 900 m.§).
(508 to 9< 0 m.§).

158,594

)

$

$

%

173,07.8

May.

124,759
307,470
491,914

(337 to 5ol m.).
(551 to 1,002 m.).

Des Moines

East Tenn.

103,827

(1,003 in.).

March. April.

%

$

31ii.ii. & Omaha—
(082 to 040 m.).
(010 to 98o in.).

Rio Grande-

Feb.

[Vol. XXXIV.

RAILROADS-(Concluded).

PRINCIPAL

EARNINGS OF

Jan.

Chic. St. Paul

'

EARRINGS.

RAILROAD

Ixiv

900 miles.

% Including Ohio Division and
T Including earnings of

Indianapolis Decatur n.

Ohio Division, 180 miles

•

Springfield.
additional.

MISCELLANEOUS

lx

Subscribers will confer a great

favor by giving

headings, Ac., sec notes on

explanation of column

of tables.

first page

Size, or
par

outstanding.

Bonds

Value.

25

1873
ls71
....

iSso
....

..

.

...

.

.

1864
1872

...

....

1868

fund

Mining—Stock
...

....

1875

Maryann! Coal—Stock

Man/laxxd Union ('oat—stock

1.000
1.000
10O
TOO

1,000

Mutual Union Telegraph— Stock.
1st mortgage bonds, gold
New Central Coal—Stock
Ntiv York it Straitsviile CoaT.it Iron—Stock
Kew York it Texas Land*/ Limited)—Stock

100
1,000
100

....

cent for lands

$200,000.

interest
hand, value

rents and

....

The annual

$465,931

and real estate at mines,

City, $100,710; mine improvements,
$15,019; cash, $35,414; wharf improvement at Jersey City, $6,315;
personal property at mines, $31,219; personal property at wharves,
$3,607; bills receivable, $16,323; accounts, $107,177; canal boats,
$17,000; value of coal on hand, $24,712: office furniture, $513; Chesa¬
peake & Ohio Canal bonds, $8,000; C. A P. Railroad stock, $1,000; G.C.
& C. Railroad stock, $160,000; total, $2,069,377. Directors: James A.
Alexander, John P. Moore, Sidney Wintringham, Gardiner Lloyd, Ben¬
iamin Williamson, Richard S. Grant, William J. Boothe, A. J. Akin,
David Stewart. Gardiner P. Lloyd, President ; George Sherman, Secre¬
tary aud Treasurer. (V. 32, p. 287 )
$1,542,365; real estate at Jersey

furnished by
increase in stock
to $3,000,000, the par of shares to be raised to $100.
(V. 34, p. 203.)
Boston Land.—The capital stock of 80,000 shares of the par value
of $10 each, or $800,000. Assets of the company January 1, 1882:
cash. $139,327 ; land in East Boston and Reveic, about 700 acres, un¬
incumbered, estimated at $1,829,520. An abstract of the animal report
in V. 32, p. 92, refers to the fiuancial policy. (V. 32, p. 92; V. 34, p.
American District Telegraph —No information lias been
this company. On February 16 notice was given of an

175.)

1000

Jan., 1875

....

N.Y.,OfUee,47 Willi am St
N. Y.. ( 'o.’h Ollice, 71 B’y

F. A A.
•

ry

.

-

•

do
do
New

do
.do

6
6

A J.
J. A J.
A. A O.

8
1

M. A N. N. Y.. at HI. (’out. R. R.
Boston, Treas. Ollice.
ty—F.

.T.

4

York, Ollice.

Jan. 27, 1882
Jan., 1885
Jan. 1, 1807
Oct. 15. 1875

Nov., 1803
I, 1882

Feb.

....

....

7

Jan.
Jail.
Nov.

New York.

A J.

J.

have strictly no par value. There
called “ proprietary” shares, or the number into which
the property of the company is divided, the assets consisting of lauds
on and near “ Back Bay,” in Boston.
Annual report, with statement of
linaucial condition, Ac , in V. 32, p. 499. (V. 32, p. 182; V 33, p. 23,
rower.— The sliarsc

85,833 shares

....

1, 1006

....

....

6 g.
2

New York.
New York, Ollice.

.

....

New York.

M’nthly

1
•

...

.

1911

15, 1881
April, 1880

Jan.

....

•

....

....

7

1900

....

Vice-President, C. B. Lamborn.

President, W. J. Palmer;

receipts from mines, railroads, rents,

Ac., (includ¬

Net receipts
Net earnings after
1880 and sinking

1,771 515
$494,123

deducting interest on bonded debt for
fund belonging to 1880, amounting to

275,708

$218,414
—Consolidated mortgage bonds are held to retire old bonds.
also bonds of the Cumberland & Pennsylvania, and assumes
the Union Mining Company’s bonds. (V. 32, p. 287.)
Cumberland d Elk Lick Coal— Admitted to
A coal

company

of Somerset ^County, Pa.

Bouded debt outstanding

Alex. Sbaw\ President,

Iowa Railroad Land.—The
March 31, 1880.

total land owned was

Mariposa Land it

Guarantees

$135,000 of

Stock List January, 1880.

only $17,000; no floating debt.

sure

in the

$2,265,639

Baltimore.

451.G09 acres

foreclo

Mining.—The suit of Jos. A. Donahoe for
before the courts September, 1880.

of the mortgage was

Maryland Union Coal— Stock placed on N. Y. Stock Exchange, April.
See statement V. 30, p. 466. President, John White, New York:

1880.

New York State laws
Washington, I). C. In
1881 lines are to be extended to Western cities via Buffalo. Pittsburg,
Louisville, Ac., Ac., and $5,000,000 bonds, carrying $5,000,000 of stock
gratis, were issued in May. - See Chronicle April 30,1881, fourth pago
of advertisements. (V. 33, p. 201, 255, 622 ; V. 34. p. 205.)
Mutual

Union Telegraph.— Organized under
six wires from Boston, Mass., to

Has a line of

Kew

Central Coal (Md.).—The

annual report for 1879 has the.

STATEMENT OF PROFITS FOR THE

YEAR ENDING DECEMBER

December 31,1880, balance to credit
December 31, 1880* coal on hand, at

follow,

Less

31, 1880.

$1,478,304
34,080
18,938—

of coal account
cost
$53,019

freights and taxes due

99.)

$1,512,385
paid for railroad and canal freights and tolls,
-mining, office and shipping expenses, salaries and interest..

Deduct amount

ing loan. The company owns
guarantees its bonds. (V.

arid

the stock of the Union Railroad Company
33, p. 99 ; V. 34, p. 196.)

Net earnings for
Balance to credit of

the year

for tw o years ending December 31,1879,
$163,658 and in 1879 of $120,957. The
sheet December 31, 1879, gave the following, values of lands
Newark lands, $390,584 ; Bergen, $017,G22 ; Elizabeth, $169,-

sion into stock. The statement
shows total receipts in 1878 of

balance
owned:
150; Westfield, $26,307; Fanwood, $479,633;
Dimellen, $345,398; Somerville, $77,861; Clinton,

Plainfield, $347,976;
$4,780; Bloornlpuy, $26,345; Phillipsburg, $861; total, $2,486,522.
Colorado Coal it Iron.—This company, with headquarters at Colorado
>rings, Col., was a consolidation Dee.. 13, 1879, of the Central Colorado
iprovement Co., the Colorado Coal A Steel Works, and the Southern
dorado Coal A Iron Co.
rande Railroad parties.

The company is

controlled by Denver A Rio
On Dec. 31, 1880,

Stock is non assessable.

Amounts

;

charged against profit and loss during ’80

AddNet earnings

1,421,80S

profit and loss December 31, 1879

Deduct—

report says that during
sprang up for the com¬
pany’s lands. A further reduction of $100,000 was made in the capital
stock by canceling a thousand shares received in exchange for lands,
reducing it to $2,400,000. Of this amount outstanding the company
■till owns $25,500, held for the redemption of scrip as presented. The
dividend scrip lias been reduced from $106,984 to $43,296, and as it is
desired to extinguish this scrip as speedily as possible, the request is
made to holders of the scrip that they will bring the same in for conver¬
Central New Jcrscxj Land Improvement—The
the last six months of 1879 an active demand




1, 1886
1, 1876

ing:

Boston Water

are

1, 1004
1, 1004

BaltimoreLondon.

ing
outlays)

$225,357

December 31, 1880—Lands

Jan.
Jan.

New York or London.

interest and sink¬
fund, but including steel rails and all extraordinary

$27,056
$207,843
27,056— 208,002
9,542

Present surplus
Total assets

A J.
A J.
A J
A N.

J.
J.
J.
M.

ing value of stock of coal on hand) were
Total expenses of every kind (exclusive of

13,219
161— 463,587

Ac

i 4

Consolidation Coat—The annual report for 1880 was published
Chronicle of March 6, 1881, and contained the following:
The gross

6,025
11,729

-

Nov. 12,1872
J 14 C , , C bl

the debt consisted of $1,225,000 consolidated mort. bonds, $1,500,000
Central Colorado Improvement Co. bonds, and-$104,300 Southern
Colorado Coal A Iron Co. bonds. These are all to be merged in the
consolidated mortgage bonds. The full report was in the Chronicle of

April 2, 1881.

28,876

1879

6 g.

6,000,000
322,515

$490,643

Gains, 1880
Surplus, December 31,
Add gains, 1879
Depreciation on boats,

Ollice.! Jan. J, 1882

Boston, Oilier.

—(V. 32,p. 366.)

transportation
$287,944
Mining, superintendence, labor, Ac
115,630
Shipping expenses, Alexandria, Baltimore and Jer¬
interest to March 1, 1880
Salaries, office and contingent expenses..,
Legal expenses

Y., Company’s

D.,

O

5,000,000
1,500,000
1,500,000

Canal and railroad

Bond and scrip

1. 1881

....

5,000,000

24,712

sey City..7
Taxes

A

scrip.

2,500,000
10,000,000

reports; no information.
mortgage bonds for

7

it; l.ooo

....

report for 1880 gives the following infociuatiou;
Received for coal sold and delivered, earnings of canal boats,

Dee.

5,000,000

50
....

J. !N.

J.

6 g.
6 g.
6
6 g.

4,400,000

100
100

i?C

s.

(0

1,000

Sept. 10, 1877

....

10.000,000
5,000.000

1,000

N. Y., Company’s Oltice.
New YorkyOKlee.

S.

.1.

7

400,000
7.620.000

....

1881

10

500.000
1,000,000

100

Stocks-—Last
Dividend.

....

3,500,000
10,250,000
387,000
752,000

1.000

100

-■

Cnnl—Stock

American Coal—There are

783.000
000,000
2.400,000
10.000.000

100

....

Bonds

on

717,875
575,000
1,073,000

£200
1 .<)<)<>
500 Ac.
500 Ac.
LOO
loo

Whom.

When

....

2,14.^,000

100
100

Mortgage bonds (for $500,000)

Coal

l A HU

Where Payable,

and by

Pay’bio
M. A

*42

":Y

800.000
4 720.S1 5

100

sales.).

—

2.0. 0.000

50

ao74

Consolidation Coal of’Maryland—block
1st inortgace (convertible)
1st mortgage, consolidated, convertible
Cumberland ('oaf if Iron—Stock
Cumberland it Elk Lick Coal—btock
Dttnlcifh <f- Bubugue Bridge—Honda, Making
Irytrii If.lt.. I.and do.—Stock

Adams Express— No

18,000.000

10

....

-

Land scrip receivable 75 per
Debentures, registered

2

1,500,000

1O0
100

Union UK., 1st mort., cml. (sink, fund, rentson $220,163)
2d M., g.. end., (s. f. ground rents on$144,800)
do
Central New Jersey Land—Stock
Colorxido Coal if- Iron—Stock
1st consol, mortgage, gold

Mo1 itanl’ Can

Bonds—Princi-

pal,When Due.

Q—M.

Rate per
Cent.

$100 $12,000,000
....

Sterling bonds (sinking fund one-llfth of land
Mortgage bonds, cold, sixes (for $2,500.00(9

Preferred stock

tliese Tables.

Amount

bonds (for *2,m>u,oug)

Mariposa Land it

Immediate notice ot any error discovered In

Date
of

Adams Express— Stock
American Coal (Marc land)—SUnh.
American District Teh graph—stock...
American Expnss—Slock
Boston Land - Stock
'pr/ttrn W/t’rr
*boek
Mori cage

[Vol. XXXIV.

INTEREST

DESCRIPTION.
For

STOCKS AND BONDS.

$90,517

$214,515

$15,494
$199,020

90,517

for 1879.

$289,537
31,1880
Officers for 1881: Wm. 8. Jacques, President; E. J. Sterling, VicePresident; Philo C. Calhoun, Treasurer; Geo. H. Adams, Secretary. (V*

Balance to credit

of profit and loss December

32, p.312.)
Kew York d- Straitsviile Coal <£ Iron.—Has
admitted to New York Board April, 1880.

$300,000 bonds. The

stock

Kew York & Teras Land—This company owns the lands granted to the
International and Houston A Great Northern railroads, about 5.000,000

convertible and
second mortgage or

which were given iu settlement to the holders of
second mortgage bonds. Each holder of a $1,000
convertible bond and unpaid coupons, or purchasing committee
acres,

.cates, of tlie International and Houston A Great
receives $300 stock and $1,200 land serin of this

certvfl-

Northern railroad^
Company.

'sJ

February,

MISCELLANEOUS

1882. J

Subscribers will confer

a

Date
of
Bonds

of tables.

XorlhxceslcrivTclegraph—Stock
Bonds, interest guaranteed

....

Pacific Mail Stea/nship—Stock

i

sidiO bonds on 1

(west Man oit -iuo acres

ihi

u....

Stock

1 872
1872

llil series
1th series..:
debenture
sterling debenture, convertible till April, 1**1

..

1st

...

sinking fund

1879

Sterling Iron rfi Railway.—Stock
Mortgage bonds, series “A ”
Mortgage bonds, income, series “11”
Mortgage bonds, (for

....

Telegraph.—This

1879

company owns

5,909,000

9

*j

(?)
2,500,000
2,41*9,(MM)
3,(MM),000
5,900,(MM)

0

ioo

$05,000 per month, and six months’ notice is
required to terminate the agreement. On April 30, 1881, the com¬
pany’s liabilities were $1,761,598, which included loans due to Panama
RR. Co., $1,400,000, demand notes, $90,847, and traffic account,
$77,301. Report for 1880-81, in V. 32, p. 575.
The following is a statement of the earnings and expenses for the

ending April 30,1881 and 1880:

Earnings.
1880-81.
...

Victoria line
Trans-Pacific line
Australian line
Australian and New Zealand subsidies
Central American and Mexican subsidiesi
British Columbia subsidy
Hawaiian Government subsidy.
Interest and dividends on investments
Miscellaneous

$745,344
1,950,597
80,887
973,472
307,073

203,550
..
.

.

Exchange

99,416
4,222
3,000
12,897
18,225
4,050

Total

.

1879-80.

$000,915
1,531,077
201,978
930,057
321,215
170,411
118,300
3S,000
6,500
12,404

29,094
2,605

$3,909,882
Expenses.

Atlantic line
Panama line
Victoria line
Trans-Pacific line
Australian line

Agencies
Extra repairs and expenses ships laid to

...

1,120,258
82,588
538,288
340,441
358,807

$474,598
1,127.800
273,591
508,570
376,009

333,853

Interest

Miscellaneous

32,524

30,048

93,289

...

133,327
201,305

144,033

$3,172,705

$3,519,821
450.061
1,229,942
642
—(V. 32, p. 205, 575, 013; V. 33, p. 102, 250, 528, 501, 642 ; V. 34, p.
!,
178.)
...

Net earnings

495,575
18,920,000
000,900

1,000

In November, 1881, it was terminated, and in Feb., 1882,

...

09,000
4 18,999

500 Ac.

the amount was made

...

Pennsylvania Anthracite Coal.—Stock and bonds admitted to N. Y.
Company failed Feb., 1879.
Pennsylvania Coal.—Liabilities at a minimum, and 12 p. c. divs. paid.

Stock Board Feb., 1877.

Pullman Palace Car.—For extension of works stock was issued at
to stockholders in 1881, and $2,523,600 more was offered to
stockholders of record on Feb. 18,1882, making total stock as above
when all issued. Annual report V. 33, p. 302. The income account for
par

7 g.
’4
-

A ().
A (*.

Y., 4th National Tlk.

N. Y., Ill Broadway.
New York, (Jfilce.
N. Y., Farm L. A T. (’0.
do
do
d>
do

do
;
do
Loud‘n, J.s. Morgan ACo

A A.
A

A.

0 -F.

N, V.. Clark, Post A M.
do

ipiar’ly
J.
J.

1 h
7 g.
3

2*n
3*a

Jan.
Jan.

1,

1882

1. 1904

A

J. N. Y.,

A

J.

do

Drcxel, M. A Co.

do

do
A. A O. New York and London.
J. A J.1 N. Y., Drexch M. A Co.

i

West. Union Tel.

A. A (). N.Y.,
J. A D. N. Y.,

Company’s Office.

A. A O.
Feb.

New York.
do

Jnnrtl.
June I.
Nov. 1.
<-*

X

180'*
IHbis
1881

-I -1

l*Vh. 15, 1882
Feb. 15, 1887
Aug. 15, 1892
Oct. 15, 1888

April 1, 1885
Aug. 17, 1M8J
Aug. 17. 18*1
Nov., 1**1
3

mow.

to 5 yrs.

July 1, 1882
July 1, 1881
April 1, 1928
Jail. 1, 1884
Oet., 1881
Dee. 19,1881

2,300,000

1.000

8,000 miles of wire and

l>.

A.
A.
F.
F.

>4

2

1.500.000

1). N.

0-F.

500.090

Pacijlc Mail Steamship.—In February, 1880, an agreement was re¬
ported between this company and the Pacific Railroads, by which the
railroad company gave to the steamship company a monthly subsidy

years

4

5,708.799
4,291,399

Union for 00 years, with guaranteed dividends of
4 per cent at tlrst, rising one-eighth per cent a year to 6 in 1807 and
afterward. The bond interest is guaranteed. (V. 33, p. 358.)

$110,000.

8

1,259,999
948,900

A-.

A

(). — F.

52.500

Stocks—Last
Dividend.

Sept., 1808

(J.-F.

15,000

XI 09

1,000

A J. N. Y.,Wost. Un. Tel. Co.
A J.
do
do

Q.-F.
tJ.-J.

>

998,999

1.009

Whom,

.T

0

829.999

pal,When Due

....

4

♦

Bonds—Princi¬

....

4

2,509.999
•1

Payable

J.
J.

7

.*>90,OIK*

12,517.199

Where Payable, and by

4.

50
100
100
i.o< >0
1.000
1.090

is leased to Western

of

Ixi

When

....

1,999 099

10

.

$2,000,001))

Rate per
Cent.

1,1)00
1,00 0

25
50
50

....

United States Express—Stock

Northwestern

7 g.
3

....

1804
1880
1870

Plain income bonds
Sutro Tunnel—Stock

O

1,180,000
20,000,000
2,000,900

109
109
190

Bridge <f- Tunnel HU.—Bridge stock, common

mortgage, new,

$2,500,000

1(M)
KM)

....

Var’s.

Tunnel Pit. of St. Louis, stock, guar
Southern »£• Atlantic Telegraph—Guaranteed stock
Sprinq Mountain Coal—Stock, guar. 7 per ct. by L. V

Outstanding

Amount

190

....

preferred stock, guar
preferred stock, guar

lat

1878
1875
....

Preferred 7 per edit, stock, n.*t cumulative
Railroad equipment Co.—Stock
Coupon bonus. (.Sec* remarks below.)
I’d

-

....

Quicksilver Mining—iUnmuou stock

St. Louis

1*.

or
Par
Value.

100

1*72

.1

amt «j«»o lea.'**

PennsyCeauia Coal—Stock
producers' Consolidated Land «£• Petroleum
Pullman Palace Car—Stock
Bonds,
Bonds,
Bonds,
Bonds,

BONDS.

INTEREST OR DIVIDENDS.

Size,

....

....

Pennsylvania Anthracite Goat—Stock
1st niortga'.M»

AND

$50

explanation of column headings, Ac., see notes on iirst
page

STOCKS

great favor by giving immediate notice of any error discovered in tbese Tables.

DESCRIPTION.
For

W

7,000,000

7
7
0

i

j
1

....

Q-F.

London.
New York, Office.

April 1, 1883
April 1, 1894
Oet. 1, 1890
Jan. 1. 1891
Nov. 15, 1881

St. Louis Bridge <£• Tunnel Railroad.—The railroad and tunnel were
sold under the mort. of 1373, July 1, 1878, for $450,000. Foreelosuro
under tho 1st and 2d mortgages on the bridge was made Dec. 20,1878.
On July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
Pacific and Wabash St. Louis A Pacific for the term of their corporate

charters.

Of the stock $2,490,000 is 7 percent 1st preferred, which
guaranteed 5 per cent till January, 1885, and then 6 per cent;
$3,000,000 7 per cent 2d preferred, which is guaranteed 3 per cent per
annum, tho first semi-annual payment being July 1, 1884, and $2,500,000 common. The common stock was held by the London Reorgani¬
zation Committee., and under the lease was transferred to Mercantile
Trust Company of N. Y. with power to vote thereon. The bridge and
tunnel were worked together and the net earnings divided in the prop¬
ortion of five-sixths to tho bridge and one-sixth to the tunnel up to
$450,000 and all over that amount nine-tenths to bridge and one-tentli
to tunnel.
(V. 32, p. 059 ; V. 33, p. 22, 125, 224; V. 34, p. 80.)
Spring Mountain Coal Co.—This is guaranteed 7 per cent per year till
1885 by Lehigh Valley Railroad.
Sterling Iron <£• Railway.—The property of this company, In Rockland
and Orange Counties, N. Y., consists of 25,000 acres of land, with fur¬
naces, Ac., having a capacity of 15.000 tons of pig iron per year, and
8J2 miles of railroad, houses, Ac. The Company endorses the $471,674
is

bonds of the Sterling
Pine Street, N. Y.

Mountain RR.

A. W. Humphreys, President, 42

Sutro Tunnel— Tunnel on Comstock Lode for facilitating mining oper¬
New management elected March, 1880.
Annual report pub¬
lished in Chronicle of April 24, 1880. See V. 30, p. 249i

ations.

United States Express.—So reports.
Vermont Marble Co-—'This company sold in 1880 $654,049 worth of
marble at a cost of $499,977. The statement to the N. Y. Stock Ex¬

change, March, 1881, said that the company’s property consisted of
some 800 acres of land, comprising seven quarries, located at West Rut¬
land., at Centre Rutland and at Sutherland Falls, Vt.; valuable water
powers and extensive, mills, many large and expensive buildings,
together with all the machinery, Ac., necessary to perfect their exten¬
sive works.
(V. 32, p. 335.)

Wells, Fargo d} Company Express.—An increase in capital to $0,250,-

000

was

made in 1879.

Western Union Telegraph—On the practical consolidation with tho
Atlantic A Pacific in 1878 the Western Union had a monopoly of tele¬

graphing business in the United States. In 1879 the American Union
opposition line was started under the auspices of Mr. Jay Gould. Tho
Western Union Co. divided up its surplus stock, making a scrip dividend
of 17 per cent to stockholders of record June 20, 1879.
On Jan. 19,
1881, was dated the grand consolidation, in which the Western Union
raised irs stock to $80,000,000, giving par, or $15,000,000, for the stock
and bonds of the American Union; 00 per cent for old Atlantic A Pacific
stock was given in new Western Union; and a stock distribution of 38*4
jier cent to Western Union shareholders. An injunction was obtained
against the stock distribution and litigation ensued, hut the stock
dividend was permitted. (See V. 32, p. 124, Ac.)
In

a

history of the West. U11. Tele. Co., the New York World gave the

following: “On April 4, 1850, the name of the New York A Miss. Valley
Printing Telegraph Company was changed by a special act of the New
York Legislature, chapter 97, to‘The Western Union Telegraph Com¬
Operating expenses, including legal expenses, general taxes
pany.’ The authorized capital of tho company tlieu was $500,000, of
and insurance, maintenance of upholstery and bedding
which only about three-fourths had been
On
19, 1858, tho
(including leased lines), and rebuilding association cars
$1,070,409 tirst scrip dividend was declared, being issued. centAug. $309,700, the
33 per
on
Rental of leased lines
204,000 amount of
outstanding stock. On Sept. 22 of the same year, after the
Coupon iuterest on bonds
191,867 amount of the authorized capital had been increased, a scrip dividend of
Dividends on capital stock
482,106 414*4.0
per cent 011 the capital stock of $485,700 was issued.. Three
more scrip dividends were issued previous to the purchase of other
Total
$2,014,442 lines by issuing stock. They were as follows: J uly- 10, 1802, 27*26 per
Surplus for the year
$981,054 cent on the
capital stoc k outstanding of $2,355,000; March 16,1863,
For live years past, ending J uly 31, a comparative exhibit of the
receipts, 100 per
cent oil the capital stock outstanding of $2,979,300, and Dec.
expenses, profits and surplus applicable to dividends, shows as follows :
23,1803, 3.11- per cent on the capital of $5,902,000, increasing the
Interest,
capital stock to $7,950,700. About January, 1804, an arrangement was
Revenue.
Expenses.
Profits.
rentals, Ac.
Surplus.
made for the
a corporation
$985,072 $1,585,507 $493,579 $1,091,988 chartered in purchase of the Pacific Telegraph Company, buy, build and
t lie State of Nebraska and authorized to
878,578
1,282,252
451,800
830,380
958,405
808,379 operate a telegraph line from a point within the Territory or State east
1,238,209
429,890
of the Rocky Mountains to San Francisco.
Its capital was $1,000,000.
955,047
1,680,421
432,479
1,247,442 The
purchase
1880-1.... 2,995,490 1.070,409
1,919,087
455,807
1,400,220 issued for thatwas effected by an exchange of the Western Union stock,
purpose, for the stock of the Pacific Telegraph Company,
-(V. 32, p. 44, 330, 390. 579; V. 33, p. 302; V, 34, p. 20, G2, 115,147.)
the amount being $1,277,210.
-*
Quicksilver Mining.—Bonds paid off July, 1879. The preferred stock
Up to this time the lines owned by the Western Union were all west
is entitled to 7
p. ot. per annum, not cumulative, and anv surplus goes of Buffalo, and the cliVf executive offices were at Rochester, N. Y. The
to the common and preferred
equally. (V. 32, p. 330; V. 33, p. 178.)
next purchase was that of the lines of the New York Albany A Buffalo
Railroad Equipment Co.—This company leases equipment to railroads Companv, by an exchange of stock amounting to $600,000; and the
on the “ Car Trust” plan,
advancing cash for the rolling stock and tak¬ purchase of the New York A Washington Printing Telegraph Company
ing obligations of the railroad companies running from 3 to 60 months, in a like manner, for $146,500, followed. The stock needed for this
which cover the priucfpal and interest of the special series of bonds purpose was all issued between Jan. 1, 1864, and May 16.1864. The
issued by tho Equipment Co.
running for similar periods. The title executive office remained in Rochester until July 1, 1866, when it
remains in the lessor till last payment is made, and their vests in the was removed to New York City.
:‘On May 11,1804, a stock dividend of 100 per cent per share was
purchasing railroad. In the meantime the title is held in trust by the
Fidelity Trust & Safe Deposit Co. in Philadelphia, trustee for bond¬ made, which increased the capital to $20,133,800 The increase of
holders.
stock from that time to July 1,1809, was as follows:
year ending July 31,1881, showed total receipts of
which were charged the following disbursements:

$2,995,490, against

„




••

MISCELLANEOUS

ixii

Subscribers will confer a great favor

United States Rolling

lirst

Date
Size, or
Par
of
Bonds Value.

Sinking fund bonds, gold
Wells, Fargo <£• Company Express—Stock

1880

'—

Western Union Telegraph—Stock
Real estate bonds, gold, sinking fund
Bonds, coup, or reg., conv. till May, '85,

1872
1875
1875

sink. fd. 1 p. ct.
fund 1 p. ct. per annum)

For Atlantic & Ohio Telegraph stock
For Erie &■ Michigan Telegraph stock
For House Telegraph stock
For Pemberton & Golden, trustees, etc
For cash..
For Western Union bonds
For Ithaca Telegraph stock
For California State Telegraph stock
For Syracuse & Binghamton Telegraph
For Missouri & Kansas Telegraph stock
For United States Telegraph stock
For United States Pacific Telegraph stock
For equalization of stock as per consolidation
For fractions
For Trumausburg & Seneca Falls stock
For Hicks & Wright Repeater
For Lodi Telegraph stock
For American Telegraph stock...
For Pittsburg Cincinnati & Louisville stock

.

100
1 00 &c.
100
100

1,000
1,000
£100&c

$833,400
08,000

-....

5,700

3,800
77,000
91,000

.

14,500

104,700

4,900

stock

80,400

468,000

agreement

55,100
3,500
1,500

500

11,833,100
4,100

capital stock

,

(partly estimated), was as follows.

Net profits
Deduct interest on bonded

debt

Sinking funds
Construction, &c

11886756--973204. ,
1,200,000
6,250,000

80,000,000

1,373,000
3,920,000
951,102

$107,000

$2,010,527

20,000
$300,000

$427,000

Net income for quarter
Deduct dividend for quarter

$1,583,527
1,200,000

Surplus for quarter
Add surplus of Oct. 31, 1881

$383,527
629,759
$1,013,286
„

Surplus Dec. 31, 1881
From the annual report published in the Chronicle, V. 33. p.
410, the following was given for the fiscal year ending June 30, 1881.
The revenues, expenses and profits (after reserving amount sutlicieut
.to meet the claims of the Atlantic & Pacific Telegraph Co. under exist¬
Revenues

Expenses
Net

profits




Whom.

5 g.
4
1 L>
7 g.

J.
J.

rv

4

6 g.

& D.
& J.

Q.-J.

New York,
New York, Office.
New Yora, Office.

1879-80.

1880-81.

$11,738,094 $14,060,806

8,420,165
$5,146,639 $5,640,640
6,591,455

Dec. 1, 1910
Jan. 10, 1882
Jau. 16, 1882

1880-81.
1879-80.
$3,280,276 $3,732,633
428.516

427,455

40,000

40,005

$3,748,793

$4,200,094

$1,397,81G $1,440,546

surplus on hand at the beginning of the fiscal year, July 1,
was as follows :

The surplus July 1, 1880, was
Add surplus for year as above
For construction of new lines

$403,255

purchase of

1,440,546—$1,943,SOI

and erection of

$1,041,657

additional wires

For

(?)

M. & N. N. Y., Union Trust Co.
May, i902
M. & N. N. Y., Treasurer's Office
May, 1900
M. & S. London, Morton, R.&Co March 1,1900

was

With the

Stocks—liast
Dividend.

M. & S. New York and London.

Surplus of net earnings for the year over divi¬
dends, interest and sinking funds appropria¬

sundry telegraph

stocks,

patents, real estate, &c

674,884— 1,716,542

Surplus July 1, 1880

$127,258

This balance, together with the balances of previous years, is rep¬
resented in the profits and disbursements of the company, for fifteen
years, from the date of the general consolidation—July 1, 1866. The

general exhibit of the company showed the nominal surplus to Juno 30,
1881, of $16,616,468, out of which the stock dividend was declared in
1881 to the amount of $15,526,590, leaving a nominal balance of
$1,089,878, which may go on as the nucleus for another stock dividends
The following statement shows the mileage of linesaud wires, number of
offices, and traffic of the company, for each year from June 30, 1866,
to June 30, 1881:
Miles of
Miles of No. of
No. of MesNet
Line.

Years.

..

..

..

agreements) were as follows:
°

Payable, and by

From which there was applied—
For dividends (8 per cent)
For interest on bonds
;
*
For sinking funds appropriations

tions

pal,^When Duo.

1>4

3,000.000

..

ing
6

Where

When

Payable

3,885,200 1880, the result for 1880-81
333,300

$41,063,100
“In January, 1870, the capital was $41,070,610. and in January,
1873, $41,073,410. It remained at that figure until the present time.”
The stock was nominally ofthat amount, but only $35,084,975 wasout-atanding prior to June 20, 1879, when it was again watered, and a scrip
dividend of 17 per cent declared, raising the stock to the above amount.
The last quarterly statement for the quarter ending Jan. 1, 1882
This made the total

Rate per
Cent.

$5,000,000

$....

Stock—Stock

Co.—Stock

Sterling bonds, coupon (sinking

Amount

Outstanding

Bonds—Princi¬

DIVIDENDS.

INTEREST OR

explanation of column hemlines, &c., see notes on
page of tables.

Vermont Marble

[Vol. XXXIV.

discovered in tliese Tables.

by giving Immediate notice of any error

DESCRIPTION.
For

AND BONDS.

STOCKS

..

..

..

..

.

.

..

..

..

..

..

..

Wire.

Offices,

37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
71,585

75,686
85,291
97,594

2,250
2,565
3,219
3,607
3,972
4,606
5,237
5,740
6,188
6,565
7,072
7,500
8,014

72,833

104,584
112,191

121,151
137,190
154,472
175,735
179,496
183,832
194,323
206,202

73,532
76,955
81,002
82,987 211,566
85,645 233.534

sages

Sent.

Receipts.

$

Receipts.
$
2,624,919
2,641,710
2,748,801
2,227,965

5,879,282
6,568,925
6,404,595
7,004,560
7,316,918
7,934,933
7,138,737
9,157,646
10,646,077
7,'637,448 2,532,661
12,444,499
8,457,095 2,790,232
14,456,832
9,333,018 2,757,962
9,262,653 2,506,920
16,329,256
17,153,710
9,564,574 3,229,157
18,729,567 10,034,933 3,399,509
21,153,941
9,812,352 3,140,127
23,918,894
9,861,355 3,551,542
8,534 25,070,106 10,960,640 4,800,440
9,077 29,215,509 12,782,894 5,833,937
10,737 32,500,000 14,393,543 5,908,279

327,171
-(V. 32, p. 43, 63, 68, 92, 124, 146. 156.
514, 637, C87; V. 33, p. 232, 305, 411.)

206, 232, 206, 239, 312, 527,

BANK AND INSURANCE STOCKS AND RAILROAD EARNINGS.

1883.

FBB.

BANK
Capital.

COMPANIES.

100

Surplus

Central
Chase

Period.

3,000,000

J.
M.
J.
J.
J.
J.
211,706 M.
178.500 J.

&
&
&
&
&
&
&
&

J.
N.
J.
J.
J.
J.
S.
J.

Chatham.... 25! 450,000
3ti0,000 3,497,600 Bi-m’lv.
Chemical... 100
172.100 J. & J.
Citizens’.... 25! 600,000
100 1,000,000 1.727.400 M. & N.
City
Commerce.. 100 5,000,000 3,053,900 J. * J.
276.200 J. & J.
Continental. 100 1,000,000
CornExe.h *. 100 1,000,000 936.600 F. & A.
73.800 J. A J.
25; 250,000
East River
17.300 J. & J
100,000
11th Ward*. 25
100
45,100 J. & J.
150,000
Fifth
.

100
100
30
50
50
75
100
100
25
100
100
50
100
50
100
100
25
50
25
100
50
50
100
100

First

Fourth
Fulton

Gallatin
Garfield

—

....

Germ’n Am.*

Germ’ll Ex.*
Germania*..
Greenwich*.
Hanover....

Imp. A Trad.
Irving —..
'Leather Mfr.
Manhattan *
Marine
Market
Mechanics’
Mech. Ass’ii.
Mecli. A Tr.
Mercantile..
Merchants’.
Mcrc.li. Ex..
.

Metropolis*.
Metropolit’n
Mt. Morris*

500,000 3,010,500

3,200,000 1,161,800
373.700

600,00o
1,000,000
200,000

*

750,000
200,000

905.500
",200
156.100

J.
M.
A.
J.
F.

A J.
* N.
* O.
& J.
A A.

200,000

375.700 J. & J.
1,(100,000
1,500,000 2,121,000. J. A J.
150.300 J. * J.
500,000
485.700 J.

600,000

* J.
l,085,Gu0 F. & A.
117.400 J. * J.
308.700 J. & J.
1,101, *00 J. * ,T.
7 7,200 M. & N.

2,050,000
400,000
500,000
2,000.000
500,000
200,000
1,000,000

39,500
172.100
672.200
180,20(i
77.600

2,000,000

1,000,000
300,000
3,000,000 1,200,<)00
1,3 mO
100,000

....

J.
J.
J.
J.
J.

A J.
& J.
* J.
& J.
& J.

..

..

....

:

1100 1.500,000

50

125,000

1,700
794.700 F. A A.
138.900 J. A J.

St- Nicholas. ! 100
Seventh W’d U00

500,000

Second...... •100
Shoe A L’tlir ; 100

300,000

106.201

500,000

163,200

300,000

Sixth
:100
200,0* 0
State of N.Y. 100
800,000
Third
100 1,000,001
Tradesmen’s 10 poo; i,ooo
Union
50 1,200,000

U. States
100
West Side*.. i 0< i
t Figures

in

55.400 J.

67.900
388.100
'

305,600
297.600
710.700
53.300

500,000

...

200,HH.

this

6

30
7

7

8
3
5
5
6
6
7
14
8
0
7
7
8
8

8

are

of

5*2

•

•

•

6
8
6
6
7
14
8
10
7
8
8
8

Broadway...
Brooklyn (J).
Citizens’

Jam,’82. 3*2
Nov.,’81. 5
Jam,’82. 4
Jam,’>2. 5*2
Feb..’82.

5

Jam,’82. 3*2
July,’76. 3
July,’81. 3

....

7
6
7
10

Nov.,’81. 3*2
Oct., ’81. 4
»

July,’SO

3

Feb.,’82

3

3
7
6
7
10

j.

A

12

6
8
8
7
6
3

7
8
10
7
7
3

6
6
8
8
7
7
6
7
8
10

8
7
6

8
On,
6
10
8
6
7
7
7
10

8
7
6
15
8

10

6

7
7

8
10

date December 31.

MONTHLY

May ’81. 8
Nov.,’81. 3
Nov.,’81. 3

t29L?in.).
•. f
(293 m.).
Atchison Topeka tfc Santa Fe—
J8‘h
(86S to 1,167 in.).
(1.167 to 1,540 m.).
(1,540 to 1.783 m.).

1^1*

Burlington

Cedar Kap, A

I88?

(492 to 564 m.).
(564 to 589 in.).

• ■ ■■■

(2,178 to 2,361 in.).
(2,301 to 2.586 m.).
(2,580 to 2,771 m.).
•
(2,862 :u.).

& Ohio—

53.401

5
3L2

t d88**
v

J2i2
I2J?

(07S to 8-40 m.).
<640 m.).

481,193

117,362
184,310
107.750

Jam,’82. 3*2
Jan.,’82. 5

Illinois—

C,ik-uIU:0 Milwaukee'’&to 2,256 m.).
St^Paui!'
(1,729

-

4^
IS?
122?,
1
*

(2.256 to 3,7 5m.).
(3,775 to 3,951 m.>.

Northwesterif—°4 m'^‘
(2,154 to 2,293 m.).
(2,293 to 2,764 m.).
..(2,778 to 3 018 m ).

>

Approximate figures.




200.000

Montauk(J)..

200,000
20 *,000

160,319
84,007

Nassau(t)....

200.000

200,000

16 t,265
11 0,177

210,. 00
200,000

321,858
71,654

500,000

North River.

350,000
200,000

3
3*2

Jan.,’82.
Jail,’82.
Jan., ’8 '.
Feb.,’82.
Jam,’82.
Jam, *82.

5

2*2
4
5
3
3*2
4
3*2

Jam,’82.
July,’74.
Feb., ’82.
Jam,’82.
Jam,’82. 3
Jam,’82.

5

Jan.,’82. 4
Dili., ’82. 3

64o,2I6
98,022
385,( 06
96,361
207,671

May,’81. 5
Jan.,’81,10
for the

1881,

47.829
02,005

45 314
58 293

508.608

051,090

546,182
090,966

200,000

People’s

200.000

Jan.,’82. 4
Jam,’82. 5
Jam.’82. 5
Jam,’82. 7
Jam,’82. 5
Jam.’82. 3*2
Feb.,'82. 5
Jam,’82. 7
Oct., ’81. 4
Jam,’82. 8
Jam.’82. 6
Jam, ’82.10
Jam.’82. 5
Jam,’82. 5
Jam,’82. 5

100,284

1,000,000
200,000
200,000
200,000

511.607
1 < ,684

Phenix
Relief
Ru Igors’
Standard
Star

..

150,000

.

5t >0.000

Sterling

Jam,’82. 7
Jan., ’82. 3*2
July,’*1. 4
Ang.,’80. 3^3

156.O30
17.165
107.615

250.000

23-*.143

300, (.00
250,000

Tradesmen ’«
Unit’d States
Westchester.

*

171,021

350,1)00
200,00c
300,000

St.uyvosant..

175,041
500.186

27,520
50.20

Jan

'

,

’82. 5

July,’81. 5
Jam,’82. 5
Feb.,’82. 5
Jan., ’82.10

Over all

liabilities, including re-insurance, capital and scrip,
includes scrip.
(’) Brooklyn.
The following companies have been omitted from tho above
table, viz.: Columbia, Hoffman, Lamar, Lenox, Now York City and
t Surplus

Republic.
in

OF

March. April.

Pacific
Park
Peter Cooper

W’msburg C.

Nov,’81. 3*2
Jam,’82. 3*2
Jam,’82. 3*2

Jam,’79. 5
Jam,’82. 5
Jam,’82. 5
Jam, ’82. 3
Jan.,’82. 4
Jam. ’m2. 5
Jam,’82. 6
Jam,’82. 5

166,006
20,270

..

These companies discontinued business in 1831 and

are now

liquidation.

PRINCIPAL
J

May.
S
44,145
52.307

line.

$
40.821

51,i 35

603,582

410,808
747,012
1,066,000 1,180,‘JOO
07 7 8< >3

J uly.
$
47,525
5-,9^2
409,456
657,586

RAILROADS.
Aug.
$
58,701
68,187

Sept.

Oct,

$
02,511

*
07 563

70,7u4

80,809

516,765
503,311
674,22a
806,730
981,000 1,14;, 00)

764.896
932,122

.97,277
165.171
Lii.510

111,924

Nov.
*

61,155
78,242
004,512
903.728

i Total.

Dec.
*

I

01 069

$
043.921

80.912

787,518

619.4.84
847,215

8,556,970

17 ',204'
193.419

2.053.483

6,381,443

1,277,000

100,132
141,652

110.179
153,378
0,9)2

110,950

122,827

154,795

171.524

160 1(H)

204.9; >1

147.785
189. .30

174 o51

209,112

179.804
2:1,80 i

2'1,748

202,180

1,089,166 1,056,091 1,280,272 1,406,600 1,579.591 1,443,088 1,458.833 1,556,457’ 1,649,429 1.809.022
1.200,614 1,070,487 1,373.438 1,356,716 1,778,488 1,724,9 0 1,840.0(5711,973.43s 1,961.997 2.120.229
1,602,907 1,454,218 1,709,638 1,872,370 2,09.,4U 2,150,382 i,899,340,2,^88.519 2,185.303 2.507,8 7
1,876,*. 00

2.199.406

188,325
148,551

184,680

149.504
105,630,

102.077

132,172

162,611

193,681
184,389

222.762

221.559

178.824
199,443

228,479

227,343

2o2,23j

524,u5tl

307,081
497.013

327,370
626.473

,835.393
542.961

421,93?
616.128

487,890

461,641

511,415

548,675

2.

528,8601

343,737

148.457

214,25.}

-c41,ioo
447,794
017,524
616,93

173,383
338,236
22j.0j6

f* 100

m

125 455

183,320

247.303
24 ,144,

148,074

179,101

211.820

240.795

23 ,390

23 >,58,

218.009
2j3 563

708.906

583,832
761.120

028.8111

668.163

671,466

771,466

768,8971

785.199
73
H39

601.101
090.77( HU, 13.

553,014
574.695
635,307

536,843

149,58^

591.176
704.298
991,000

1,455,000

1,008,321
1,154.632

1,240.667
1ft 0 91ft

1,418.149

767.349

,

1,382.123 1,368.348
1.484.316 1,709,932
1,802.285 1,934,762

60.361

67.025

88,278
123.97.

476,667
738.749
6b3,000

032,898 678.439 857,323 798,659 773.173 733,736 1.018,806 1.290,740
900,07
871.041 1,134,.45 1,037,958 1.026.709
991,2m 1.257.678 1.493.02 i
917,000 1^,0.000,1,538,000.1,731,000 1,509.0^0; 1,678,000 ».045,00.) l ,690,000

65,334

66,315
93,234
HO,289

111,800
120,550

.

60,437
114.129
525, 84

75.300
131.7,1

1,296.082
1,327.079
1,837,860

2.202,981 2,031.001

83,265
110,3u6

60,989
83,689
135,764

2o2.8l2| 2,259,037

224.092

911,150 1,160,831 1,118,736 1,275.5161 897,090 940,427 1.632.207
982.377; 1,071,738 1,018,755 1.171.303 1,160,968
993.823 1.315.5-9
1,432.740 1,411,870 1,732 518 1.489.894 1,909,627 1,682.956 1,773,643 1.8)54.321
1,574,371 1,679, 5 3,2.083,8J- 1,888, 5 ',2,173.945
08,167
72,466

2,297,97

1,534,940

1,335,870 17.153.161
1.905.222 20,508.112
2 2J5.179 4,- 91,101

215,695

1.105,098

|

1,488.142

259, lit*
262,858

1,045.407

Quincy—

(220 to 230 in.).

&

150,000
301 >,000
300,000
200,000
250,000
200,0. 0
250,000

Sept.,’81. 5
Jam, ’82.10

206,687
6,017
10 -,399
120,505
27,400
169,173
63,11 7
2< >0,303

107,990

519,447

^“jcugo tfc Eastern

V&l

280.000

July. ’81. 5

Niagara

Jam,’-2. 4
Feb.,’82. 3*2
Jam,’82. 3*2

Jam,’82. 7*2
3
5
5
5
5
Jan,. ’82. 5

Jam, ’82.
Jam, ’82.
Jam, ’82.
Jam,’82.
Jail., ’82.

299.085

National..
N.Y Eq’table
N.Y. Fire....

Jan.,’82. 6
Nov.,’81. 3
Jan.,’82. 4

Feb..’82. 5

Jan., ’82. 6
Jan., ’82. 3*3
Jail., *82. 5
Jan.,’82. 6
Jan.,’82. 6
Jan., ’82. 5
Jam. ’82. 5

143.432

(840 m.).

tfc

(1,709 to 1,85? m.).
0,857 to 2,772 m.).
(2,772 to
m.).

I88?;

200,010
150,000

Lafayette (})
Long Isl.(j) ,f

Jam, V2. 3*2
Jan.,’82. 3

July,’79. 2*2
Jam,’82. 3

309,10-;
4? 8,33.

314,732

(1,650 to 1,709 m.).

••••

Burlington

/ ■■ •

Jefferson. ..t

Lori Hard
Man.A Build.
Manhattan..
Mocli.ATrad
Mechanics’ ([)
Mercantile
Merchants’..

,

Jan.,'82. 3*3
Jan.,’82. 5
Jan., ’82.10
Fob.,’82. 8
Jan., '82.10
Jan.,’82. 5
Feb.,'82. 5
Jan., ’82. 5
Jail.,’82. 5
Jan., ’82.7’35
Oct., ’81. 7*a
Jan.,’82. 3*2

3,0 0,000 1,806,18c
500,000
120,< 44
200,000
51,707
200,001.
2,971

Kings Co.(J)
Kniok’bnck’r

51,227
03.291

56.991

210.45-3

Alton—

I8™

.

Import. ATr.

4

8

162.540

123?;

..

Jan.,’82.
Jam,’82.
Feb., ’82.
Jan.,’82.
Jan ’82.
Jan., ’>2.

8

88.00?
202,1435

Chicago

.

Irving

252,823

Central Pacific—

I88?
r,Is8''
•,
Chesapeake

...

Last Paid.

No.-' '
(435 in.).

L8*

Firemen’s
Firemen’s Tr.
Franklin* E.
Germania..
Globe
Greenwich
Guardian
Hamilton..
Hanover
Home
Howard

520,119
66,304
445,439
3-8,466
215,017

•

Eagle
Empire City.
Exchange...
Farragut....

Jam.’82. 3L>
Jam,V2. 7

EARNINGS
Feb.

Jan.

*

Clinton
Commercial.
Continental t

....

National banks, and of date December 17, 1881, for the State banks.

Alabama Great Southern—
•}660
■
(295 m.).

t

...

1879. 1880. 1881.

200,000
153,000
300,000
501,012
210,000
169,855
250,000
132,334
200,000
94,7o0
1,000,000 1,406,720
300,000
617,928
200,000
54.895
200,010
78.23 1
200,000
124,071
5 ,100
204,000
1503*00
58,120
200.000
145,469
1,000,000 1.414,064
823.369
1,000,000
120.038
200,00(1
200.000
338,348
200,0(0
20,00»
150,000
121,285
1,000,000
860.185

City

4
4
4
SLj Nov.,’81. 2*2

12

A J.
J. A ,r.
J. A J.
J. A J.
M. A N.
J. A J.
J. A J.
M. A N.

131 900 J.

column

300 OOO

Jan..’82.

Bowery

Jan., ’82.10
7*2 Jan.,’82. 4

.

Amount.

400,000
200,000

8

Dividends.

Jan. 1,
1882.*

American!...
Amor. Exoli.

Jam,’82. 4
Jan.,’82. 6
Sep.,’81. 4
Jam,’82. 4
Mar.,’82.15

LIST.

Surplus,

Jan.,’82. 4
Nov.;81. 3*2
Jan.,’82. 5

40

7

Par.

..

100
86.600 J. * J.
100,000
100 1,000,000
115,800 M. * N.
100 2,000,000
772,490 J. & J.
100
45.400 J. A J.
200,000
100
98.800 F. & A.
300,000
Ninth...
100
142.900 J. * J.
750,000
N. America” 70
200,000 J. * J.
700,000
North Riv’r* 30
73.400 J. * J.
210,000
Oriental*.
25
300,000
192,000 J. & J.
Pacific*
50
234,000 Q-F.
422,700
Park
100 2,000,000 1,072.800 J. * J.
People’s*... 25 200,000
122.70* J. * J.
Phenix...
20 1,000,000
231.700 J. * J.

Murr’y Hill

Republic

6

....

Nassau*.....
New York
N. Y.County
N. Y.N. Ex.

Produce*.

7
7
10
16
7
6*2
8
7*2
6
8
6
6
100
100
7
6^2
15
15
8
8
7
7
10
10
7
7

Latest.

German Am.

Q.-J.

105.600 May.
110.200 M. & N.
25.400 M. & N.

200,000

*

7
7
10
16

302,000

100.000

Fifth Ave*.. 100

1880. 1881.

STOCK

Net

Capital.

Companies.

$
1.685.400
1.486.400
202,200
1,252,900
200.400
473.300

25 1,000,000
25
300,000
100 2,000,000
100
300,000

ButcliV&Dr

INSURANCE

Dividends.

dates.t

Am. Excli. . 100 5,000,000
250,000
Bowery .... 100

Broadway..

LIST.

at latest

jtkd. timer) Par Amount.
are not Natl.

America*..

STOCK

lxiii

82.049
131.904

92.975

130,89.

88,477
128.597

153,808

1,936.530
2 054,3 -3

2,700,763
5,755,677
7.718.193
7,5 3,983

1,070.525 14.113.503
1,438.107 14,779.715

1,552,018 20,454,494
80,025

873.450

128.981

1,299,011

151,671
1,100.245

1.472,038

1.000,95
1.897.30

1,569.0001 1355,000

10 012.819
13.086.119

1

.',026,000

889,623 1,107,042 1,128,894 1,433,305'1,393,087 1.314,231 [1,320.057 I,710,409 1,896,073 1,568,470 1325,8! 6
1,131,683 1.301,725 1,294,573 1.875,608:1,67 .177 1,099,086 1,707,931 J.020.246 2,105.217 1.855.6221 1.477.902 16,098.373
J9.41H.009
963,205 1,17 .796 1.474,012.1,879,000'2.300,440 1,983,011 2,315,164 5,292,070 2 341,097 2,019,*
>37} 1.853,476 -1349.207
I

781

Denver

1880
1881

Paul Minn. *fc

I)(>n Moines
1880
1881

259,783
251,048

201,211

350,124

414,502

392,702

385,580

100,883

193,925
514,707

295,450
581,230

373,132

400,133

4U8.493

104,883
433,212

400,5S3

126,922
317,081
20,665
10,471

25,609
26,939

18,146
30.225

27,733
24,209

24.121
32,880

28,184
35,807

20.925
51.450

162.967

154.154

124,284

113,810

111,812

187,023

154,417

133,900

195,550
222,760

220.000
254,000

(87

77,411

77,520
118,024

98,427
147,013
159,587

102,129
130,740

88,725
115.909

73,990
121,370

108,520

100,708

160,5^8

18,779
24.968

1880
1881

.

...

.(508 to 9C0 rn.§)..
(508 to 900 m.S)..
(3100

Flint Sc Pere

m

.

(293 m.)..

109,992
135,378
106,037

(293 to 318 m.)..
(318 m.)..
(HI 8 in.)..

1882

flnnnibnl & St. J oseph—

119,886

548,284

•

•

•

•

206.735

176,350

190,812

79,410
113,488
137,040

492,591
535.732

575,401

013.008

005,120

524,499

557,789

002,493

073,259

303,887

m.)..

•Indiana Bloom. Sc Western—
(212m.)..
1879

82,934

82,952
89,900
83,201

80,587
110,185
102,359

90,229
90.374
103,555

95,627
85,733

m.)..
in.)..

in.)..

80,498

90,28?

(212 in.)..

International Sc tit. Northern—
(519 to 529 in.).
1879

101,818
159,543
172,470

(529 to 571 in.)..
(571 to 770 m.)..

....

(770 m.)..

1ft>b>
..

1881

m.)..
m.)..

Charleston—

1879*
1880*
1881*

in.)..

(330 in.)..
(330 m.)..

421,579
012,593
947,959

30,005
35,28d

324,725
401,532

303,518

298,080
304,237

302,525
302,957

401,533

-

-

-

315,044

1879
1880
1881

123,570
158,752

113,898
153,959

151,112

157,304

155,255

108,058

100,450

108,821

103,125
207,147
*201,782
.

601,977
732,755
863,107

730,000
'

806.837

828,847

88,549
103,438
88,704

(1.009

.

425,750

504,229

055,014

970,230

828,720 1,227,885

419,240
772,537
817,135

•

.

876,192

...

097,033
953,080

1,005,223

„

49,092

80,132

74,007

68,032
90,019

115,044

91,387

00,837

24,040
35,002
47,732

21,308
34,211
49,031

22,782
34,007
59,423

30,001
as,042
05,013

37,995
40,125
71,395

a5,395
104,734

19,721

37,772

23,100
30,340

33,097

43,777

23,742
28,014
44.557

170,058

102,740

204,094
210,708

108,302

119,494
140,091
163,551

117,593
129,249
145,803

230,910

29,797
48 734

57,465

.

1S82

m

251,308

*252,434

191,154
190,800

105,047
144,155
154,549

183,525

179.689

178,206
172,121

219,891
231,518

183,700

205,056
240,820

249,880
330,524

2,801,835
3,047,541

360,042
433,538
422,057

415,364
470,540
455,032

433,520
500,748

1

f

420,300

455,277

134,955
179,017

310,716
453.923
493,008

210,a56
*242,412

477,776
508,825

183,845
212,019

216,913

217,185

294.713

341.824

330,812

317.143

301.272

384,982
389,125

490,332

412,871
471,973

346,044
474,378

368,430
447,279

121.451
161.954

132,802
175,420
195,050

118,11.3

102,247
133,704

173,251

130,979
131,407
149,603

150,889

138,224
145,585
173,374

334,106

328,809

317,568

315,307

324,425

415.325

380,130
487,272

329.788
405,58s

419,193
487,287

450,298

153,033

143,099

177,342

198.108

2

*237,729

408.479

473,361

170,972
209,046
228,801

390,3Qj;
2,809,255

404,114

452,092
432,511

235,910

420,8,37
464.093

413,534
512,917

429,565

19/5,123

200,308

200,440
221,438

246,664

273,007
330,800
382.057

205,002

4.38S.TO
5,207,3$

203,329

452,900

440.811

181,740

*196,789

1,749,61!
2,004.194

2,257,192

449,664

377,316
459,054
487,160

414,599 4,107,98
494,310 5,050,337
470,622 5,443,6/1

270,893

295,260

210,035

115,084

2,004,55

330,500
400,096

338.456

300.822

220,993 2,029,79

565,485

428,903

434,331

4,044,575

•

4,058
77,259
77.473
4

37,014
81.390
110,50s

....(047 to 722 in.)..

(722 in.)..

,

108.975,
119,358
159,000

.

204.195

198,744

217.013

253,105

305,292

115,650
185,700
211,190

308,270

210,927

192,324
241,277
404,180

223,500
411,621

:

*39,860

(972 m.)..

Pennsylvania—
(AH linos east of Pittsburg & Erie)—
2,708,695 2,390,810 2,782,906 2,982,718 3,336,528:3,518,144
( + 1,710 to 1.800 m.).. 2,543.425 2.538,039 2.603.008 2,030,022
.1879
3,488,300 3,417,910 3.221,470 3,449,044 3,723,355 3,017,543:3,882,714
,+1.800 to 1,820 m.).. 3,083,551! 2,941.57b 3,278,180 3,700,372 3,856,897 3,807,437 3,780,418 3.809.978 3,735,OOt j 3.072.971
1880
(+1,844 to 1,970 m.)... 3.189,215 3.095,014 3,844,304
1881
......

(+

1882

1.970 m.)./

3,840,215
1,531,204

1882

1,336,428

2,015,5s9

59,757

108,988
109,758

.

Alt. Sc Southern—

(680 in.)..

1

Francisco—

(327 to 492

1880
1881*

St. Paul
1879
1880
1881

i

Miuu. S: Manitoba.—
(503 to 056 m.)..
(912 m.).. i

18.82

Valley—

non

18.80

1881
>882....
Texas Sc
1880

m

l

(100 to 127 m.)..

(700 to 1,055 in.)..
(1.114

"Wabash St. Couis A'

Pacific—

l.

(! ,558 to 2,479 m.).. i
.(2,479 to 3.350 m.)..

18'2

Approximate figures.

I Earnings

m

37,778
52,924

43,704

44,900

02,503

55,216
07,589
65,500

31,730
41,370
51,540

113,774

37,163
52.082

48,995

100.963
116,099

110.41C
101,950

66,032

121.799

116,682

143,881
110,140

100,392

77,982

52.400
72,074

03,780

02,152

63,786

318,190

302,641

281,920

408.241

349,053

363,454

560,791

540.302

479,075

474,302

133.512

85,079

92,878
193,146
262,050

81,402
176,104
265,298

89,019
107,004
283,399

88,418
173.007
200,254

056,832

724,713
403,310
688,365
671,219
565,869
044,380 *690,400 *719.239

432,655

704,002

213,297
252,333

195,948
178,234

333,014

208,057
281,899

190,349
243,407

241,339;
272,089

425,685

382,642

405,322

38 7,48s |

21 875

|
33 959

i 80,239
254,187
395,46!

137,645

159,482

320,902

21 930

20,351

28 005

20,453

21,712

22,917

"28,816

26,407

^

i

22,648
20,969

•

219.105

215,070

281,170
310,785

250,339

312,420

280.347

776,790

7-9,451

811,617
1.22M.965

first six months are based on

141,083
267,443

1

*687,280

741,11

729,f;
*5®

632,052

33i319

153,006

195,711;

264.201

32O,460J

203,276
290,329
284,320

287,914

3,160$ B

225,054
274,18S
485,736

291,202
345,057
605,708

226,695
300,075

170,007
297,040

508,530

528,203

2.540#
3,160# I
4,878# 1

j

50)290

918,773
978,629 892,025
818,922 1,119,591 1,023,482 1,144,06! 1,308,092 1,131,75111

226,063

28 751

354,082

Ml

||

43)117

303.0GOt

312.184

403,570;

357,724

301,858
381,218

1]

43,741

200.570
337,117

w

317.0ft
439# f

24 802

47)970

30 172

mmt

9

220,073

2.096,ft i

•••<“

51,241

31 733

3,921# si
••••*

-

£9

||

j

t And 60 miles of canai.
50$ miles—remainder of year on 903 miles.

1.672# fl

221,082
323,194
308,569

216,332

280,873
279,064

.

953,408 1,000,742 1.189,478 1.178,950 1,50*,203; 1,!31,787
......

655,413 5,295$ *
056,951 G,205.tf*
*709,498 7,319;#®

202.210

3? 384

3S.239

34,206
174.177

565,55

188,940
232,579
414,954

!
239.991

64,751
82,553
67,843

186,711
259,995
2o0,373

120.007

256,784
201.797

1,040.511
1,417,5®
86,000 1,371, OS

f*

591,075

332,166

353,147
451,560

339,161

r

....

k‘\

490,195

245,785:
..

1882

1880
1881*

03,565

55,476'

r

Pacific

1881*

64,ls0

78.823
198,091
212,435

m.)..1

(r 01 111.),

1882

114,229
136,706

92,303
138,153

510,370

(718m.)..

■St. Couis Sc San
1879

44.SS7

334.029
555,983
570.957

(086 to 718 m.).

:

95,847i
118,220

e

105,048
150,727
110,732

09,160
105,837
114,350

64,080

(086 m.)..

1882

44.204
54,750

71,148

(121 ml.

1879
1880
1881

03,210!

41,3311
47,0281
01,110

48,445
50,218

(121 m.)..

St. Couis Iron

71,121
113,51*
140,176

70,262
108.434:
137,880;

104,307

m.;..

Alton «&' T 11. Branches—

Scioto

00,728

90,922
104,577

(195

1,850,889

)

]

II. Alain Cine—

18 7«

1.880
1881*
1882
'St. C.
1879
1880
1881*
1882

1,442,587 15,351,$

1

957.215

(840 m.).
(840 m.)
(840 m.)..

St. L. Alt. &T.

1

3,574,913

1,402,280 1,374,013 1,542,911
877,805 1,041,1421 1.142,884 1,332,547 1,343,014 1,303,522i 1,531.813 2,089,256 1,746,299
1,457,881 1,398,530 1,282,835
1,310,089 1.085,102 1,4*9,3+91 1,496,330
2,000,986 1,945,874 1,989,948
1,009,538 1,484,804 l,0t8,8O2 1,707,295 1,835,725

I

(Philadelphia Sc Reading—
1879
1SS0
1881

.

3,453,925 34,620,ft
3,517,828 41.260,(6!
3,731,750 44,124,liS

3,131,997

.




2,810,216 29,307,432:
2,833,403 83,605,418^

•

1879
1880*
1881*
1882

*

1.800,878
2,049,448
173,127 2.075,256

1,515,835 1,398,245 10,509,120
1,707,338 1,720,788 19,489,

215,491
235,042
209,573 *261,199

149,908
173,614

334,494
386,156

Northern Pacific

-

ia5.653
175,090

174,245
182,087
152,059

109,058

157,303
107,473
179,979

142,182
109,320
108,317

133,590
151,594
150,430

153,847

l

(322 m.)..

1879
1880
1881
1882

030,820

‘

O.j-

(498

Central—

427.752

316,026 2,127.497
287,373 2,273,623
*202,025 2,400,437

309.3"*

•

139,524
158,839
104,431

128,506
155.400

149,497
10l«,457
207,710

158,034

109.894
150.870
104,917

(428 m.).

1882

315,943

1.235,091

-

(500 m.)..

1879
1880
1881

873,109
1,108,546

35,906
41,265
01,845

139,225
134,427

161,253 207,084
106,147
91,009
110,491
184,247 204,714
140,593
131,021
121,855
130,517 *131,009 *159,348 *200,044 *252,921

412,365
421,908

(500 m.)..

Norfolk Sc West. —(At.Miss.*fc

142,101
157,563
137,400

131.250

00,066
125,731
119,770

51.980
58,026

298,047

(500 m.)..

1879
3880
1881

681,811 0,007,386
9-19,185 9,491,344
1,145,000 11,335,582

.r

49,441
52,805
75,270

00,259
03,115
84,400

86,975

25.271

189,749 i
215,024

(394 m.)..
Sc Ohio—

.

218,268 1,775,861
253,354 1.953,594
*305,859 ♦2,792.518

254,597

•

19,805

104.231

(310 to 394 m.)..

New York Penn

1,160,743
1,223,079

t

& New England—

18s0
1881
1882

106,054
104,019
7156,097

244,813

527,214 009,578
931,911 1,000,320
951,560 1,002,050

443,749
827,080

l..

m

•

8,304,812
8,580,397

*303,000

1,713,097
1.350,574 1,230,419 1,273,532 1,450,223 1,492,495
1,147,173 1,207,391 1,350,780 1,372,755
1,899,910
1,643,151 1,592,544 1,001.812 1,580,976 1,000,873 1,780,417
...(928 to 1.009 m.).. 1,296,381 1,252,218 1,044.958 1,709,057 1,776,891 1,794,0 2 1,787,081 1.772,895 1,734,200
1,143,437 1.425,165 1,847,201

1889

•

873,182
703,475

92,279
90,021
1100,820

122,400 120,785
107,520
121,343
110,732 110.022
117,955 7193.307 1181.674

Cake Erie Sc West.—

1880
1881

•

658,005 7,234,464

737,218

2,404,713 2,293,463 2,068,250

(1.000 m.)..

..

•

.

783.120

2,898,580
2,211,011 2,022.823 2,194,422 2.540,021 2,922,376
(1,000 m.).. 2,024,812 2,210,304 2,474,992 2,214,020
3,022,855 3,000,027 3,095,198
2,317,231 2.854,835 2,782,324:2,540,998 2,053,477 2,803,316
(1,000 ill.).. 2,593,013

Central—

1,858,255

253,233 1,997,906

150,994

.

1,148,024
1.590,945

279,035 2,5ftl tjjn
*180,370 *2,230)906

631,343 j

807,85»
880.211
815,238

98,295 122,443 178,949 228,800
80,648
85,081
113,254 147,580 191,921 275,330
96,206
95,070
*277,295 *308,323
170,039 *172,004 *190,062 *253,499

33,251
31,382

157,278
205,634
178,143

(349 m.)

•

83.970

87,924
102,252
110.050

224,347
101,433

Nashville Chutt Sc St. Couis—

117,026

140,032

107,350

•..
•

194,480
250,110
(5 )0 in.)..
(500 in.)..

Northern

33,057

-

•

390,083
503,883
850,862

21,170
24.833
39,078
05,293

1882

New York

30.980

1

101,115

Mobile & Ohio—

ISM

430,638
575,035
805.124

111,842

1881*

1882

33,324
40,001

T

T

47.519

88,501

724.095
729,004

90,821
100,954
90,58)5

102.031

187,290

129,205

1.880

New York
1879

229,944

95.301

Sc West.—

1879
1880
1881
1882

3,478,06?
6,200,813

r

80,540
110,318

950,005

1879

'New York
1879
1880

122,280
115,595

810,900

m.)..

1 QQ<J

Milwaukee Cake S.

147,326
140,214
210.127

450,470
074,455

.(973 to 1,107
(1,107 to 1,840
(1,840 to 2,020
(2,020

(330 in.)..

1882

Memphis ifc

349,10(5
043,417

211,932

ULouisville & Nashville—
1879
1880

408,502
500,810

005,680

195,824

(541 m.)..

1880
1881

473.633

130.488

573,250

681.730

1

3,122,09?
3.981,290

•

580,578

532,101

613.806

1880
1881

312,173
391,95(i

.

—

.(1,257 to 1,275
.(1,275 to 1.321
(1,821
(1,321

-

1

342,894
380,730

170,810 239,735
99,810 141,533
107,500
134,071
242 ‘>14
233,44s
238,081
224,312
179.390
191,317
*213,433
*194,942 *198,110 *215,308 ■*202,507
172,950

406,921

1879
1880
1881
1882

t

JTotal.

*•**'•*

580,192
545,212
031,281
728,173

Illinois Central-

$

342,052
382,714

020.042

000,193

t

105,444

211.899
216.001

137,038
100,900
122.874

137,047
176,079
154401

(292 in.)..

1880
1881
1882

.

.

Marauette—

1879*
1880*
1881'

230.097

$
251,013

*

32.823

1

Vn. & («a..

$
21 s,003

491,914

1

in

*

282,403
296,240

173,791

175,187

129,040

307.470

$

$
232,140

Dec.

Nov.

as,564

124,759

(87 m.)..

f

1 QUO

F.HNt Tenn.

i

173,078
158,594

it Fart Dodge—
,

Oct.

Sept.

182.444

(1,003 m.).m

Aug.

July.

June.

May.

259,208

*

$

257,786
307,498

& ltio (jSruiulc—
(337 to 551 m.)..
..(551 to 1,002 :n.)..
n 002

RAILROADS-(Concluded).
$
300,833
303,685

$
193,827

Omaha—

(082 to 940 in.)..

1MSO

March. April.

Feb.

Jan.

Clhic. St.
1880
lH-'l
1882

PRINCIPAL

EARNINGS 'OF

MONTHLY

[Vol. XXXIV.

EARNINGS.

RAILROAD

Ixiv

1,542,838j J,49U,020j 1,396,300

% Including Ohio Division and
T Including earnings of

1,399,555

1,050,816 12.42S.!^f|
1,328,278 14,401ft a

liiaiiinupuiis Decatur &

Ohio Division, 180 miles

■

opringtield.
additional