Full text of Commercial and Financial Chronicle : February 25, 1905 : Street Railway Section, Vol. 80, No. 2070

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STREET RAILWAY
SECTION.
PAGES 733 TO 836 INCLUSIVE.

FOR INDEX OF COMPANIES
See pages 830

§^~We have no extra

i

to 834.

copies of this Section.

i

IFelDr-cLeix'yWILLIAM

B.

25, 1905.

DANA COMPANY, PUBLISHERS,

PINE STREET, corner PEARL STREET,
Entered according *j Act of Congress in the year 1905, by William B.

NEW

YORK.

Dana Company, in Office of Librarian of Congress, Washington, t>.

CHANDLER &
BANKERS,

A. N.

CO.,

INVESTMENT SECURITIES,
PHILADELPHIA,

PITTSBURGH,

The Bourse.

NEW

Bank

Farmers'

Building,

YORK,

120 Broadway.

We

offer

bonds

of

which we have bought the

a thorough investigation

entire issue, after

as to legality.

HOLLINS &

H. B.

WALL AND BROAD

COR.
Letters of

Issue

STREETS,

Credit for Travelers, Available in

DEALERS

IN

CO.,

all

parts of the World.

INVESTMENT SECURITES.

AGENTS FOR THE INI ERNA1 ZONAL AND MORTGAGE BANK OF MEXICO.

PERRY, COFFIN & BURR,
INVESTMENT BONDS,
STATE

60

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ENTIRE ISSUES OF

STREET RAILWAY
SPECIALISTS IN HANDLING

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CHOICE ISSUES OF BONDS BASED UPON FIRST-CLASS
IN OR BETWEEN LARGE AND PROSPEROUS CITIES.

RAILWAY PROPERTIES LOCATED
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YORK,

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other

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Street

ailway

SECTION
OF THE
bnsmhv^mh

r OMMERCIAL

&

Entered according to Act of Congress In the year 1905, by William B.

Vol.

NEW

80.

Qhronicle.

f lNANCIAL
Dana Company,

In Office of Librarian of Congress, Washington, D. O.

YORK, FEBRUARY

25, 1906.

No. 2070.

would he an extremely easy thing

Street Railway Section.

adjusted to

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ELECTRIC ROADS UNDER UNFAVORABLE
CONDITIONS.
The opinion has

railways and interurban lines throughout the country are
the

same course

do for a few years, be-

a

go for some time without

company

paying out

is

that the steam

is

once

surroundings and put in running order,

its

much

when

attention; but

form of dividends to make new stock profitable, and
issuing

—

new

as fast as

—

at a very

it

has not

stock for extensions
it

can be absorbed,

it

available surplus in the

all its

is

liberal rate

much

reserve

meet the period when a considerable amount of simultaneous maintenance work is bound to fall due.
to

These are intended merely as general observations, but
it is evident that electric railways, like steam railroads,
must be prepared to encounter at times a temporary

and then comes the test of
It was announced about two months
their stability.
ago that the Massachusetts Electric Companies, which
shrinkage

revenues,

in

holding

the chief

corporation

of

the

street

rail-

ways of that State, had passed its dividend. This
company works 854 miles of street railways in
Massachusetts, in 22 cities and 66 towns, and accordabout 6£ millions
It has for some time been paying 4 per cent

ing to a recent report

often heen expressed that the street

now running somewhat

will

is

NEW YORK.

Post Office Box, 958.

to

cause, after an electric line, just like a steam line,

per year.

annually on

its

earning

is

preferred

stock,

but was compelled to

pass the semi-annual dividend of 2 per cent due in Janu-

when ary 1905. The Massachusetts Electric Companies reprebuilding was sents a strong and active type of proprietary company

railroads did thirty years or so ago, at the time

what might he called speculative railroad
very great and securities were issued rather with a view
to the amount the market would take than with any
limitation to the amount actually required for conservative construction.

This kind of financing resulted in a

These run through prosperous
and through country in which the towns are close

operating trolley lines.
cities

together and there

is

much

travel; and,

things in point of significance, the

beyond

these

all

company comes under

long period of foreclosure and reorganization, and the

the purview of the Massachusetts Bailroad Commission,

student of street railway and interurban conditions at

which limits new issues of securities on the roads con-

the present

time sees strong indications of the same

trolled according to its

The

"replacement value" plan.

been

sag in the company's net earnings has followed mainly

such a thing as an interurban electric railway security in

as the result of the exceptional weather conditions ex.

and since about 1895, when the local electric
roads which began to radiate out from the small cities
and towns were linked together to form interurban lines,

perienced last year.

so little time has

intrenched and financed in a less conservative way.

tendency.

It is barely ten years since there has

existence,

elapsed that the investor cannot

tell

with any degree of certainty what the ultimate prospects
of an interurban railway enterprise are.
that gross earnings are large

But he can

see

and constantly increasing;

That the results

in its case,

how-

have been so marked is of far greater significance than would be the case with properties less strongly
ever, should

example, according to

"Poor's Manual,"

funded capitalization of the 24,561 miles of street

ways

in the

United States

in the

For

average

the

rail-

year 1903 was $116,695 r

he can understand the strategic values of fianchises in

while the average capitalization in the State of Massa-

the highways and city streets,

chusetts that

and he is willing to abrsorb large amounts of stock and bonds qn the strength of
these somewhat intangible assets.
Electric properties have, beyond

all

question, suffered

greatly from the strong desire of their promoters to

earnings, and have not net earnings in

some cases been

kept high at the cost of maintaining the property?

This

in spite of the

fact that building a railway in city streets (where,

way,

it is

usually double track,) costs far more

deal larger

proportion

of the

total

by the

than the

rather casually constructed highway lines, which

make good

their securities sell as high as possible and as quickly as
possible.
The best argument to effect this lay in net

same year was only $39,289;

form a

electric lines

throughout the country at large than they do in Massachusetts.

Another case of recent
large part of the

interest is

the failure of a

mileage of the so-called Appleyard

STREET RAILWAYS.

736
ystem

[Vol. lxix.

Ohio increases in the traffic of which, under electrical operaThree of these lines went tion in 1904 as compared with steam operation in 1898,
to meet their indebtedness.
Into the bands of receivers last month, the immediate are shown in the following table.
of electric interurban roads in Southwestern

1896.

eause of the collapse being the involvement of their pro-

moter in the Buffalo bank
railways, opened

The Appleyard Ohio

failures.

across the Ohio Biver and slightly south of Wheeling,

W.

Springfield, with branches

Columbus through
Bellefontaine, Troy and

to

681%

412%
286,634,000

43,241,000

61,743,000

Beoelpts per oar mtle
Opera lug expenses—Total per car mile

Ya., to Zanesville, and a line from

do

Electricity.

186,138,000

Passengers carried
Car mUeage

May 1 1903, included a line from Bellaire

1904.

Steam.

Motive power.
Operating ratio

21-6a

96a

2'92c

Total per passenger

do

22960.

13-20.

2 04o.

It is only fair to say that traffic results in New York
by these lines
was greatly increased by their connections, and numerous do not afford a good basis of comparison with the operaextensions were proposed.
The Appleyard failure oc- tion of an ordinary railroad. The congestion of travel

Mount

The

Sterling.

territory reached

on the

curred under a set of conditions quite different from those

much

in Massachusetts, but very typical of

interurban mileage

cities

an indication that the lines cost
bring in less in the

way

is

issues, the

and

As

of gross earnings.

upervision of stock and bond
sion

less to build

last

and

towns are comparatively scarce along the route, which

was

Ohio Commis-

which was under $61,000 per mile prior to the
1901 reorganization, had been considered conservative in
comparison with that of some other groups of roads in
lines,

same
"When

of the

section.

considered that the average capitalization

it is

practically reached in the

made possible simply
number of travelers than it

electrification

to a larger

A

accommodate previously.
comparison
between steam and electric working of greater practical
value is the respective increases of traffic on the Lancashire & Yorkshire line between Liverpool and Southport and on the North Eastern line forming a loop between Newcastle and Tynemouth. According to the
most recent advices from these two lines, which went
into operation by electric power during 1901, traffic on
the Liverpool & Sonthport line showed an immediate
increase of 10 per cent, and is now somewhat more than
15 per cent greater than it was prior to the electrificaTraffic on the North Eastern line is approximately
tion.

regards

177,032 per mile, and the capitalization of the Appleyard

the

was

steam working, and the additional train

its

opened the gates

also

The average
Ohio in 1903 was

lines in

years of

movement which

is

wholly innocent of any such powers.

capitalization of the electric

elevated lines has been so great that

the capacity of the lines

of the street

Large

in the country.

New York

6team roads of the United States in 1903 was

possible to

$65,380 per mile (including floating debt) the same year
that the average funded capitalization of the street rail- 25 per cent greater than under former conditions.
Taking as a basis a four-car train, Mr. Potter estimates
ways was $116,695 per mile, and that the capitalization
of the steam roads must include the cost of private prop- its weight, under steam working, at 270 tens, of which
erty through

which the

lines pass,

it

the locomotive contributes 110 and the four cars 40 tons

can be judged, in a

An

however, would weigh
210 tons; the weight of the cars assumed
of the street railway properties is.
No one doubts their approximately
great earning capacity, and it is becoming more and at the same figure as in a steam train and the weight of
more apparent every year that they have a most import- the electrical equipment estimated at 50 tons. The cost
ant place to fill as short-haul carriers; but if the roads of power for this electric train would work out at ap-

and ready

rather rough

fashion,

how

each.

great the inflation

electric four-car train,

[

!

are built on

the profits of

bond

sales,

and

if all

the net

proximately 10-3 cents per train mile, while the cost of

pay dividends on stock coal per train mile for the four-car steam train is calcuwhich represents little more than promoter's profits, it lated at 14*5 cents, charging up the full amount of coal
used during the 24 hours, whether running or idle.
is obvious that the first year of bad earnings is likely to
The
develop a large crop of insolvencies. The tendency in There is another saving in the wage account.
profits are

used up each year

to

the past has only too often been

business take

care of

new

to let prospective

obligations.

new wages

This has suc-

mated

per day for a train crew in steam service
at $12, while

an

esti-

is

electric train dispenses with the

cannot succeed well
indefinitely. The respective average capitalization of the

services of the fireman, thereby saving two dollars a day.

street railways in

enables the crew to

ceeded well for a long time, but

rate,

and of those

it

Massachusetts at the
in

the

fair

replacement

country at large, should afford

the investor ground for reflection^

Moreover, the greater
per day, where

the

make

wages

per

steam

cents

and

per

of an electric service

a mileage of abeut 150

crew of a steam train

about 100 miles.

only

ELECTRIFYING LINES WITH DENSE
PASSENGER TRAFFIC.

flexibility

train
electric

Under
mile
train

make

assumption,

this

are

will

miles

calculated

mile

at

6*7

the

at

12

cents.

Estimating the maintenance cost at 6*5 cents per train
mile for a steam locomotive and at four cents per train

Perhaps the most valuable contribution which has yet mile for an electric train; estimating the cost of water at
been made to the literature on the economics of an elec- half a cent per train mile for a steam train and at no cost
trified steam railroad was the paper presented by Mr.W.
whatever for an electric train, since the water used in
B. Potter, Chief of the Bailway Department of the Gen- the power-bouse has already been accounted for in the
eral Electric

Company,

January meeting of the cost of power, and allowing half a cent per train mile for
Eailroad Club. Mr. Potter took the stand supplies for the steam locomotive and *2 cent for the
at the outset that it was a mistake for a railroad which electric train, the total train mile cost works out at 34
contemplated electrifying any part of its lines to figure cents steam and 21*2 cents electricity. Assuming a
only on the existing traffic, as increase in facilities was yearly mileage of 50,000 miles, the yearly difference in
at the

New York

quite certain to induce people to patronize the line, to
start

ness.

them

traveling,

As an

electrification

and

to

largely increase the

busi-

cost

of operation in

amount

favor of electricity would

to $6,400, according to

then

Mr. Potter's estimate,

example of this he cited the representing an interest on the total investment per train
of the Manhattan Elevated, the striking which would be more than sufficient for that usually reinteresting

STREET RAILWAYS.

Feb., 1905. J

quired for the car equipment and the proportionate part
Moreover, to
of the power station and the transmission.

737

branch at Cedarhurst.

work

This will

for the present, but

be

the

extent of tho

within a few years

is

it

also

this capitalized investment should he credited the cost of proposed to electrify the North Shore division, running
enough additional steam locomotive equipment to bring through Flushing and Great Neck to Port Washington,

with a branch to Whitestone Landing, and also the
Mr. Potter's highly Manhattan Beach line. The seriousness of the first cost
Without going at greater length into
technical discussion of the subject, it is sufficient to say which is involved may be well understood from the
that he showed figures which constitute a strong argu- statement that the immediate plans for this comparathe mileage of the train up to 50,000 miles a year.

ment
it is

for the electrification of

certain that a

already existing.

heavy

The

suburban lines wherever

traffic

case

is

can be built up,

in a

way analogous

if

not

to that

of large steamers in the ocean trade, which are able to

show a very handsome

profit per

ton hauled compared

tively small electrified

area, extending

not more

than

approximately 30 miles, have required an appropriation
of $6,000,000.
lines will

have

per year than

This means, in short, that the electrified
to

the

earn approximately $250,000 more

steam

lines

did merely

to

pay the

on the investment. In connection with this
space.
The cost of keeping an electrified road going is expenditure it is an interesting fact not generally known
greater than the cost of minimum operation under steam, that the North Eastern lines in England do not own
just as the absolute cost of moving a large ship is greater their own power equipment, but buy their power from
with smaller steamers provided they can

than the cost of moving a small ship

j

fill

but

their cargo

if

the very

interest

the large station near Newcastle,

which

is

also used for

and for local traction purposes. Where an
omy is at once shown, and the greater the traffic the arrangement of this sort can be made, it would seem
possible to reduce the risk of an experiment in localities
greater the economy.
In a discussion of Mr. Potter's paper, Mr. W. J. where there was some uncertainty whether or not inWilgus, Fifth Vice-President of the New York Central creased traffic would pay for electrification.
brought out a point which it is absolutely necessary to consider before electrification is undertaken, and that is that
greatly increased capacity can be fully utilized an econ-

it

involves

many expensive changes in

REDUCED STREET RAILWAY FARES.

the character of the

Grade crossings must be taken

roadbed.

lighting

out, local

and

express tracks should be separated, yard changes must

The Cleveland
all

Electric

Company, which has operated

the street railways in Cleveland since its purchase of

Mr. Wilgus estimated that the extremely the Cleveland City Railway, July 1 1903, has recently
large first cost of the power house, transmission line and been experimenting with three-cent fares. Cars on which
rolling Btock which he required for the operation of his the fare was thus reduced ran in a district extending
electrified lines within a radius of 30 miles from the about two miles from the business eentre, and alternated
be made,

etc.

Grand Central

was nevertheless only about a with the regular service to the suburbs. Passengers
quarter of the entire expenditure which would have to were charged five cents, as usual, on the through cars,
be made in this section in connection with the electrifi- and no transfers were given on the three-cent locals.
It
cation; but he felt strongly that this expense would be fully was found that the regular cars were crowded as usual
justified in approaches to a city like New York, for with during the rush hours, and that the percentage of passenelectric trains it would be possible ultimately to utilize gers benefited by the three-cent fare was quite small.
not only the surface of the ground, but tracks could be No inclination to wait for a "three-cent car" was aplaid underground and overhead on as many levels as parent, but people took the first car Uiat came along.
might be desired.
Electrification would permit of Cleveland is the scene of ex-Mayor Tom L. Johnson's
greatly improved train service, would do away with the activities in behalf of a three cent fare, and it is quite
objectionable features of smoke, smell and dirt, and likely that the street railway management was glad to
would popularize the service and build up the territory.
have a chance, in this period of calm following the
After the first public interest in the announcement storm, to get some statistical data as to the results of a
that the New York Central was going to electrify its lower rate of fare, in case the matter should again be
suburban service, the matter was somewhat lost sight of taken into politics.
by the press on account of the building of the Subway,
The working out of the experiment adds testimony to
the Hudson and East River tunnels, and the other im- the well-established fact that, from an operating standportant rapid transit and railroad terminal] improvements point, there is no profit to be made out of reductions from
of the last few years. It must not be forgotten, however, the normal five-cent fare where the result is not complithat the New Haven road is preparing to build its new cated by a mixture of city business and interurban busisix-track New Eochelle suburban line for electric work- ness.
It is quite common to offer six tickets for 25
ing that the Long Island has now a similar problem to cents, and one company in Northern New York State
that of the New York Central as regards electrification tried selling 25 tickets for a dollar, but found that tho
of its lines in the vicinity of Long Island City, and that demand for a dollar's worth at one time was quite small,
the Lackawanna is understood to be watching with con- and that no apparent increases in business resulted from
siderable interest the results of the work now undertaken the sale, which was eventually discontinued without even
by the other companies.
Starting at the Flatbush Ave- arousing local protest.
Where city business alone is to
nue terminal in Brooklyn the Long Island is going to be taken into consideration, the extra ticket when six
Station]

;

push electrification as rapidly as possible through East are sold

New York

for

25 cents

—

—

seems to be rather a gift to tho

and Jamaica as far as the Belmont race public than a stimulus to any traffic that would not othertrack, just beyond Queens station, with a branch wise have moved, and there are many cases where the
from
Woodhaven Junction
to
Rockaway,
and price of this sixth ticket has represented the differenc-o
out through
Far Rockaway and Cedarhurst to between working a street railway system at a profti and
Valley Stream, and with a branch from Jamaica through working it at a loss. Where the traffic is partly urban
Springfield Junction to a junction with the first-named and partly interurban, originating or terminating on city

a
;

STREET RAILWAYS.

738

[Vol. lxxx.

Gross earnings from operation of all the street railway
worked by the same company that owns the rural
companies in the State, including also the Brooklyn
It then becomes
lines, the situation is quite different.
the interest of the operating company to develop the Union Elevated Eailroad, reported by the Brooklyn
Heights Street Railway amounted to $51,964,745 for
suburban territory and to make the haul as long as posthe year ending June 30 1904, as against $48,974,749
sible, usually in competition, more or less direct, with
the year previous. This was earned on a mileage of less
the steam railroads, and often in competition with other
than 2,000 (1,995). Of course, passenger traffic is the
In place of the
electric lines that reach other districts.
one source of income which overshadows all others
commutation ticket of the steam railroad, the electric on an electric line, and freight business
lines

entirely

is

reduced secondary and really amounts to a by-product
of
rates, in such a situation, as it wishes to encourage a a
plant built
perform
to
another function, as
flexibility of travel which the commutation ticket does has been previously pointed out in these columns
put the profitableness of this by-product is well shown by
not permit.
But in cities where the urban and interurban business the fact that, although earnings from freight and express
traffic amounted to only $517,780 during the year
is separated, such as Cleveland or Albany, the tickets,
most insignificant sum as compared with the receipts
In Cleveas a rule, only apply from the city limits.
from passenger traffic yet they have been increasing
land, as soon as the cars of the interurban lines get on
during the past few years faster than has any other
the tracks of the Cleveland Electric Co. they are in
branch of income. In 1899 129,040 tons of freight were
effect operated by the latter, which collects the fares and
carried; in 1904 this had risen to 633,674 tons.
In the
allows only a small "wear-and-tear" payment for their last three years the number of
passengers carried on the
use.
The real benefit to the out-of-town cars arises only electric lines of the State increased approximately 19 per
from the terminal advantage in collecting and setting cent, while the tons of freight carried increased about
down passengers. In Albany the interurban cars pay 194 per cent.
The mileage in the State increased 90 miles net durthe United Traction Company trackage for the same
The purely local part of the business in the ing the year, after the deduction of about 18 miles of
privilege.
The largest increase made by any single
city streets is a thing which may be developed by fre- line taken up.
company was the 40 miles built by the Rochester &
quent service, but is not susceptible to building up, in
Eastern Rapid Railway through the territory between
the sense of increasing the residence by reducing fares,
Rochester and Syracuse. This is the only new interand it is difficult to see that any operating advantage
urban line reported in the increases for the year, but the
can result from a deviation from the normal five-cent
large number of short extensions, 22 in all, illustrate a
fare for city traffic.
characteristic feature of the present tendency of electrie
lines to extend slowly but quite steadily, as compared
with some of the very rapid building which was done
generally

line

sells

tickets

in

quantities

at

—

—

ELECTRIC RAILWAYS IN

NEW

YORK.

four or five years ago.

work done by the New York Railroad
Commissioners, so far as it shows in results, is the gathering of statistics, and the advance sheets of the report
for the year ending June 30 1904, which are now at
hand, give some rather complete totals of the financial
position and operating results of the electric as well as

The

chief

of the steam railways in the State.

It is to

Much

from the Albany & Hudson road, the
average here being 14'18 cents, based upon gross earnings from operation and not upon receipts from all
The next highest average earnings per passources.
senger were on the Auburn & Syracuse road, 8*72 cents;
be regretted and next to that comes the Hudson Valley, with 8-13
cents.

traffic,

This, of course, indicates

roads that their prevailing haul

&

Hudson

is

in

the

case

of these

a long one, the

Albany

having very little short-haul
doing a business pretty evenly
divided between urban and interurban, the average rate
is nevertheless but little over five cents (5*18), showing
how the city business and the short-haul fares bring down
The lowest revenue reported is
the general average.
business.

The street railways in New York and Brooklyn so domi.
nate the general result that it is quite impossible to tell
from the general total how the position of the interurban
with regard to

average earnings per passenger

are reported

that the figures showing the capitalization of the lines,
earnings per mile and traffic density in general are
wholly misleading when viewed as totals, for the reason
that they are composed of two irreconcilable elements

lines,

highest

the

operating costs, capitalization

in particular

On

the roads

Central Crosstown line (New York City),
Out of a total of 1,341,766,931 passengers carried dur- which averages only 2-56 cents per passsenger, on account
ing the year, including transfers, over 433 millions were of the prevalence of transfers.
The average on
carried by the Few York City Railway Company, and the New York City Railway, with its preponderantly
327£ millions were carried by the Brooklyn Heights sys- large share in the total traffic, was 3*49 cents.
tem in Brooklyn. The next largest carrier was the In- Next to the Central Crosstown line and the Rochester
etc.,

compares with that of similar

Company in
quarter as many

ternational

that of the

lines elsewhere.

over.

It is quite obvious,

when

railways, the

the figures for these city

mixed in with those of the street
small towns and with interurban lines

lines of dense traffic are

railway lines in

in the country, that the table of statistics per mile of line,
including maintenance of way and structures, maintenance of equipment, operation of power plants, operation

of

cars, etc., will

work out

far too high for

j

I

any except
|

the city companies; so that

all

figures of this character

auust be excluded in a critical review of the returns.

New York

City lines were operated at a
lower cost figure than any others in the State. This
figure of cost is placed at 1-84 cents per passenger, but
does not include fixed charges, or anything except ordi-

which recorded only
about a
passengers as were carried on
the Brooklyn Heights system (82,965,876), and there is
another sharp drop. from the Buffalo lines to the Union
lines in the Bronx, which come fourth in the list, with
48,766,028 passengers. There were in all ten companies in the State which carried 20 million passengers or
Buffalo,

'

nary operating expenses. Per car mile, the highest
gross earnings are those of the New York City Railway,
aggregating 33-34 cents. The average car-mile earnings
of the roads of the State would be in the twenties.
Total expenses per car mile, including fixed charges, are
reported as being greater than gross earnings in the case
of the Albany & Hudson; the Dry Dock East Broadway
& Battery (New York City); the Forty-second Street
Manhattan & St. Nicholas Avenue (New York City);
the Schenectady and the Third Avenue (New York City).
That is to say, out of a total of 25 of the principal operating companies, five are apparently operating at a

loss.

Street Railways.
SECURITIES AND REPORTS
In using the series it is to be remembered that they are inter-dependeni
This ia one of our four Extra Sections.
publications, complete only as a whole. If utilized together, and with the fresh items of news the Chronicle contains fron»
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his monev
Street Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and therefore it:
great part for the value of their securities, upon the population and activity of the country they serve. Hence constant
reference to our State and City Section will be found necessary by those wishing to purchase the stocks and bonds of
street roads. Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are given at
length in that publication, every one of which items is an essential fact contributing more or less to any correct estimate of
the amount of suburban travel a given road commands.
The Abbreviations used in our Street Railway statements will be found explained in a table immediately following the
last Htatement in this publication.
full Index which shows where each railway will be found is also given on the closing pages.

A

AKRON, OHIO.

NORTHERN OHIO TRACTION & LIGHT

CO —Trolley.

The Troy City leased roads Include Troy & Cohoes, stook $50,000.
dividends under lease 7 per cent; Lansingburg & Cohoes, stook
$15,000, dividends under lease, 7 p. c; Troy & Lansingburg, stook
$700,000, owned by Troy City Ry. total, $765,000. The Waterford <b
Cohoes RR., $25,000 stock, receives 7 p. c. yearly under lease.
DIVIDENDS—First quarterly dividend, Ik per cent, was paid May
1, 1900; same rate sinoe up to and including Feb., 1905.
ROAD— Operates 85 miles of traok, of whloh 67 miles owned. Lines
conneot Albany, Troy, Cohoes, Rensselaer, Watervliet, Lansingburg,
Green Island, Waterford, etc Has 409 oars, including 13 snow plows
9 sweepers and 17 service oars. Carries express and light freight
Annual Report—Years ending June 30th. Report In V. 79, p. 783.
1904.
1903.
1904.
1903.
Gross earns.$l,690,205 $1,606,090 Interest.
$216,892 $214,151
Net
588,343
529,242 Tax.ren'ls.eto
92,261 84,987
Otherinoo
14,536
18,215 Dividends 5%
249,997 249,997
Netinoome.
602.879
547,457 Balance
sur.43,729 def 1,678
Latest Earnings— 6 mos. to Dec. si:
Orost.
net.
Oth. inc. Charges.
Surplus.
1904.
$888,562 $366,660 $1,688 $173,318 $195,030
1903
852,907
285,167 14,537
152,294
147,410
OFFICERS— Chairman of Board, Robert C. Pruyn; President, John
W. McNamara, Albany; Vice-President, Francis N. Mann Jr., Troy;
Sec, Chas. G. Cleminshaw, Troy; Treas., James MoCredle, Albany;
Supt.. Edgar S. Fassett; Supt. Express and Freight, John W. Gibney.
Principal office, Albany.— V. 79, p 783, 2458, 2698.
;

Organization— Incorporated in Ohio as successor

In Deo., 1902, to
the North. Ohio Traction Co., having exohanged its securities for the
common and preferred stock of the latter per terms in V. 75, p. 733.
It is one of the Everett-Moore properties.
Date. Interest. Outstanding.
Maturity
BONDS—
STOCK
Common stock, $7,500,<*« «n rt nnn
»o,ouv,wu
000 (par $100)
S

&

300,000 Sept. 1,1915
^O^OO^moo'ovmort'U 895 5g.M&8 Tr. Co., N. Y., trustee.
™erestat Central

Svers^ifomnes^ ^: 5

North Ohio Trar. mort

C

tr

1899

5

g. J. -J.

2,700,000

Julyl.1919

«"*
«?nnn Ann (»i,oou)...c 1 Int at Central Trust Co., N. Y., trustee; or
$rf,ooo.uou ?«?' «Srtf
-

£ Dime savings & Banking Co., Cleveland.
Northern Ohio Traction &> 1903 4&5gJ-J 2.800,000 Jan. 1,1933
Light 1 st consol. ($1,000) > Int. at Cit. Savings & Tr. Co., Cleve., trusgold, $7,500,000
tee, or at First Nat. Bank, New York.
o* )
bonds—Of »he $3,000,000 Northern Ohio Traction bonds. $300,000
are reserved to retire the Ak. Bed. & Clev. gen. mtge. of 1895. Bonds
listed on Phila. Stock Exchange in Oct., 1901.
Of the $7,500,000 No. Ohio Trao. & Light consols., $3,000,000 are
reserved to retire the No. Ohio Trao. bonds, and $1,700,000 are held for
future requirements; $1,000,000 are 5s, all outstanding; the rest 4s.
For reference to sale of a blook of the 4s held by the Everett Moore
syndicate, see V. 79, p. 2589.
Plant— Operates 104 65 m. of track, Including the Akron & Cuyahoga Falls Rapid Transit. Extends from Cleveland to Akron, and
from Cuyahoga Falls through Akron to Barberton, and to Kent and
Ravenna. Also o wus 1,011 acres of coal land in Noble County. Bails,
60, 56, 70 and 80 lb. T and 73-lb. girder, standard gauge; operates
126 cars. Embraces electric-light systems of Akron and Barberton.
Net.
Charges.
Surplu*
REPORT— 12 mos. Deo. 31.: Gross.
1904
$995,731 $408,751 $273,664 $135,087
1903
882,276
399,701
268,132
131,569
OFFICERS -President, H. A. Everett, Cleveland, Ohio; 1st Vice-President, Will Christy. Akron; 2d Vice-President and Gen. Manager, Chas.
Currie, Akron; Treasurer, J. R. Nutt, Cleveland; Secretary, C. F. Moore,
Akron. General offices, Akron.— V. 79, p. 904, 2589; V. 80, p. 712.
i

.

ALLENTOWN,

#

ALBANY,

N. Y.

UNITED TRACTION.-A trolley road.
Organization.—Chartered Deo. 30, 1899, as a consolidation of the
Albany Ry. [chartered in 1863], the Watervliet Turnpike and RR.
[chartered in I~i28] and the Troy City Ry. [chartered Jan. 31, 1866].
See V. 69. p. 1147, 1300; V. 70, p. 77. Has oontraot with Hudson River
Power Transmission Co. of Meohanicville for supply ot power. V.
69, p. 541,909. Franchises in Troy and Albany, ex oept for line on
Delaware Ave (a short line on the outskirts of Albany), which expires
Aug. 8, 1951, are believed to be perpetual. V. 79, p. 2698
Has traffio agreement with Albany & Hudson RR. Co., the Hudson Valley Ry. Co. and the Schenectady Ry. Co., by which these roads
obtain entrance into Albany and Troy.
The Cohoes City Ry. was sold at foreclosure in 1904 and reorganized
as Cohoes Ry., with $120,000 stook and $84,000 bonds. Both stock
and bonds of the new company are deposited as seouilty for bonds of
the Albany Ry.

STOCK

&

Bonds—

Dale.

Stock (par $100) $5,000,-

Interest.

Outstanding. Lastdiv.,de.

^^J

905
$4,999,950 j
Debentures, *i,25"6,66b' ) 1901 4kg. M.-N.
577,000 May 1, 1919
gold ($1,000)
r S Int. at Nat. Commercial Bank, Albany.
Cons, mort., $6,500,000, > 1904 4>ag. J.-D. 1,108,000 Juoe 1, 2004
gold ($1,000)
c* Hnt. at Central Trust Co., N. Y„ trustee.
Bonds— Of the con -ol. mortgage of 1904, $4,033,000 is reserved to
retire prior liens and « 1.3 39.000 for f uture improvements and betterments. No sinking fund, and bonds are not subject to call. Directors
mav fix rate of interest, but not exceeding 6 per cent; present issue is
at4>ap. c. The debentures may be called on any interest date on
three months' notice at "a 5-per-oent interest rate for the unexpired
term as calculated in standard interest tables " V. 73, p. 1113.
Seccbitibs op Albany Railway.
Date.
Interest
Outstanding.
Maturity
m STOCK & BONDS—
5th Mortgage
1888
5 M.-S.
$32,000 Sept. 1, 1913
Consol. M. ($500,000),) 1890
5gJ.-J.
Jan. 1,1930
428,000
o' gold $1,000)
Interest at Central Trust Co., New York.
Gen. mort., $750,000, \ 1897
5g.J.-D.
496,000 June 1, 1947
gold
5 Central Trust Co., New York, Trustee.
Leased tiuf securities —
Wat. T. & RR.—
1889 6 M. - N.
$350,000 May 1, 1919
1st M. int. guar
•" J
( Boston Safe Dep. & Tr. Co., Boston, trustee.
8 90 ,6 M< " "•
150,000 May 1,1919
2nd M., p. & 1. guar. }
.
6 "
i Metropolitan Trust Co., N. Y., trustee.
The Albany Ry.gen.mort of 1897 was for $750,000, of which $251,000
were reserved, but consolidation makes reservation inoperative.
SECDBITIE8 OF TBOY CITY RAILWAY.
interest.
Maturity.
Outstand'g
m_
#^ , . ,K ». Date
TTOy
892
Oct. 1,1942
$2,000,000
«?J&i&S? ? 1 $ Interest 5 « A "0
g.,$2.ooo,OOO..o*Ar
paid by Trustee, Central Trust Co., N.Y.
1

<,

J

-

-U

.

PA.

LEHIGH VALLEY TRACTION-A trolley road.
Organization.— Owns the entire $150,000 common stock of the
Allentown Electric Light & Power Co., which company it leases at an
annual rental of 7% on its $150,000 pref. stock, $10,000 of the latter
being owned by it. Th« latter company in turn leases the Bethlehem
Elec Light Co. and the South Bethlehem Elec. Light Co.; the Citizens'
Light & Power Co. of Slatington and the Pen Argyle Elec Light Co.
Owns Rittersville Hotel and Park
In March, 1903, defaulted in rental of the Easton Consolidated Electrio Co. (which was formerly leased) and on bonds of the Philadelphia
& Lehigh Valley Traction Co. In May, 1903. Robt. E. Wright, C. M.
Bates and Geo.W. Norrls were appointed receivers.
On May 10, 1904, owners of Slate Belt Electric, formerly leased, took
possession of their road again.
In August, 1904, a plan of reorganization was announced (V. 79, p.
733, 1462), which was declared operative in Dec, 1904. See V. 79, p.
2642. The new company, however, has not yet been incorporated.
After reorganization the securities will be as follows. Owns $275,000
of the $300,000 stock of tne Quakertown I'raction Co

STOCK & BONDS—
Common, *3,000.000
Pref, $5,000,' 00.

Date.

Outstanding.

Maturity.

(?)

5)

p.c. euro, after 5 yrs.

M,

Interest.

.,
''

*
J

Bee text.
(?)
S^etext.
(?)
Quakertown Trac. 1st mort.,) 1901 5 g. M-S
300,000 Sept.1,1931
$300,000, g.. ($100 $200. V Guar. p. <te 1. by Lehigh Valley Traotlon
$500, $1,000)
c*) and Phila. & LemVh Vall->y Traction.
Interest at Commonwealth Tr. Co Harrisbur^, trus.ee.
Can be called after 1 year at 105 and interest
Beth. A Naz. St. Ry. stock
150,000
5 p. c guar.
Bonds
5
150.000
Maoungie Ext. bonds
5
60,000
8tock— Stock (both classes) is to be held In the voting (trust for
three years Olo stock, com. and pref.. pays an assessment of 2 p. o.
as also the $240,000 stock of the Allentown & Slatington Street Ry.
JSonds-Of the first mortgage for $5,000,000, $2,770,000 will bear 4
per cent interest and $2,230,000 5 per ct. Of the $7,500,000 consols.
$2,500,000 are to be 4» and the other $5,000,000 5s. The latter will
be reserved to retire the first mortgage. For terms of exohange of old
securities for new, see V. 79, p. 733, 1462.
Road— Operates 153 miles of track, inoluding the Quakertown Traotlon Co. and the Phila * Lehigh Valley. Gauge, 4 feet 8*2 Inches;
60, 70 and 90 lb. T and girder rails. Operates 157 cars.
OFFICERS— President, Robt. E. Wright, Allentown, Pa.; Vioe-Pres'tf
L. E. Johnson; Secretary and Treasurer, C. M. Bates, Allentown, Pa.
V. 79, p. 10J, 733, 1266, 1462, 1701, 2085, 2147, 2642.
1st

Cons.

$5.<>00,000

M

,

$7,500,000

..

.

.

,

—

ALLENTOWN & READING TRACTION CO

—A trolley road.

Organization— Incorporated April 25, 1898, and leased the Allentown & Reading Electrio Street Ry. for 290 years from June 4, 1898.
Feb. 6, 1902, leased for 290 years the Kutztown & Fleetwood St.

On

Railway. Connects with United Traction Co. tracks from Reading,
thus forming a through line from Allentown to Reading.
Outstanding. Maturity.
Date. Interest.
STOCK
BONDS—
Htock, $750,000, $50
$250,000
1st mort., $250,000, gold, ) 1900
250,000 J'lv 1,1930
5 g. J-J
$100, $500 and $1,000 $ Int. at Fidelity Trust Co.. Phila., Trustee.
$200,000 Jan. 1,1932
™°*
300,000 July 1,1932
1st consol. M., $750,000, > 1902
J-J
5 g.
g. ($500 & $1,000)
.c&r J Int. atlnteg. Title Ins.<ftTr.Oo.. Phila, trus.

&

.

^OOwtfuIlXlT'l
.

*«•"

STREET RAILWAYS.

740

Bond»-Ot the $750,000 of new consols, $450,000 are reserved to
The new bonds are subject to call at par after
July 1. 1917; no sinking fund. The $260,000 lirst mortgage bonds
retire prior liens.

are subject to call at any time after July 1, 1910, at par.
Earnings— For fiscal year ending June 30. >903. gross, $101,725
net, $5i>,554: fixed charges, $42,774; surplus, $10,780.
Road- Operates 35 miles main line, 2»s miles sidings— total, 37 1* nx
OFFICERS— Preet H. E. Ahrens, Reading; Vice-Prest., S. A. Boflman;
Sec. A--a R. Beers, Mauch Chunk; Treas., Geo. B. Schaeffer; Supt, I. S.
Ruth, Allenw>wn,-V. 75, p. 1398; V. 76, p. 157.
.

ALTON, ILL.
ALTON GRANITE & ST. LOUIS
company.

CO--A

holding

Organization— Incorporated in Connecticut on Sept. 28, 1904, and
own- the entire capital stook of the Alton Granite & St. Louis Traction
Co and the whole $500,000 stock of ihe Alton Gas & Electric Co See
V. 79, p. 1640. The latter company controls the gas, electric lighting
ard heating properties of Alton, Upper Alton and North Alton. No
bonds.

&

STOCK

Bonds—

Date.

Preferred, $l,c 00,000,

Outstan'g.

Interett.

5%)

Lastdiv.

«e nn rn n
SrDUU.iuu

cum.. $100
\
2.150.C00
$2,500,000, $100
O-FICERS— President and Treas., J. F. Poiter; Secretary, H. EWeeks. - V. 79, p 1640.

Common,

ALTON GRANITE &

(1)

ST.

LOUI9 TRACTION CO.

Organization— Incorporated onSept.8. 1904, as the Alton & Southern
Ry., with $100,000 capital. Name was changed later to the above and

stock increased to $3,000,000. Is a consolidation of the Alton Light &
Trao r .Co.andthe Granite City A St. Louis Ry.Co. Has 10-year contract
from Sept. 1, 1903, tor oity lighting.

&
M

Bonds—

Maturity.
Outstanding.
$3,000,000
Aug 1,1944
'.600,000
( 1904 5 * • F A
I/fi?i (*.i,uvu)
.*;s Int. at Illinois State Trust Co.. EastSt.Louls.
gcia ;«i nom .
c<tr^
Trustee, or at
rton Trust Co., New \ oik.
Alton Improv. Asso. )
1889
Sept., 1905-*Oy
5 M-S
6,000
1st M., cur. $2,500 S Interest at Alton Savings Hank.
Alton Ry. & 111. 1st M., ) 1895 5 g. A-O
Oct. 1, 191f>
244,000
$250,000, g., $1,000.0* 5 Int. at Manhattan Trust, New York, trustee.
Alton Ry. Gas & Elec. ) 1899 5 g. A-O
Oct. 1, 1939
250,000
Co. mort., $500,000, > Int. at North Amer. Trust Co.. N. Y., trustee
($1 ,000) gold
No s. f .; bonds oan not be called.
c* )
Boi.ds.— Of the $500,000 Alton Ry. Gas & Elect. Co. bonds, $250,000
art reserved for prior liens. Of the Alton Granite & St. Louis bonds
for $3,000,000, $500,000 will be held to take up prior bonds. They
are also a lien on the property of the Alton Gas «fe Eleotrlo Co., which
was owned by the Alton Granite & St. Louis Traction Co. when the
mort. was mad*. No sinking fund, but bonds are tubjeet to call on
any Interest date at 110 upon 90 days notice.
Annual Report— Figures are for fiscal year ending June 30 and
cover the old Alton Light & Traction Co only.
1904.
1903.
1902.
1901.

Stock

Date.

Interest.

Stock, $3,000,000
1st con
VI OOO OOO

-

'

M

.

Earnings—
Railway
Electric Light

$

&

Other earnings

$

$

$

96,086 95 90,038 57 77,528 17
Power... 47,599 96 46,106 79 39.534 87
36,874 90 33.902 24 24,957 78

70,667 71
32.258 66
19,764 52

160,561 81 170,047 60 142,020 82 122,690 89
98,423 68 90.367 60 75,803 69 64,083 27

Total

Operating expenses

Netearnings

79,680 00
3,917 04

82,138 13
3.096 72

Legal expenses, &e

Balance

66,21713 58,607 62
1,54568
6,696 43

Taxes

79,04141 75,7e2 96 64,67145 51,91119
4,835 60
4,54145
4,835 30
2,766 06

Interest

74,206 11
29,133 65

70.927 36 €0,130 00
25,000 00 25,20131

49,145 13
23,683 74

Net surplus
45,072 46 4S.927 36 31,928 69 25,46139
ROAD.- 0« ns 25 miles «f track, part of which is in Alton and the remainder between Granite City ana East St. Louis. Vs building a line
of S5 miles to conneot Alton and Granite City, thus giving 50 miles
of track between Alton, 111., aod East St. Louis. The line to St. Louis
via East St. Louis will not begin operation until about July 1, 1905,
but the line to St Louis via the Venice Feiry was opened in Feb., 1905.
Officers— Pres, J. F.Porter: v.-Pres. F. E. Allen; Treas., C. A. Caldwell; Sec'y, L. C. Hayncs. V. 77, p. 348, 1293; V. 78, p. 1640, 2084
(V!)

EDWARD8VILLE ALTON & ST LOUIS

Organizat ON —Incorporated
$300,00

in Illinois
stock (par, $lu«>), to build a line

RY.
on January

14. 1905, with

8 mileb in length from
Mitt hell (where collection is made with the Alton Granite & St.
Louis Traction Co.), to Edwardsville. No bonds have been issued. Is
controlled by interests identified with the Alton Granite & St. Louis
C o. and, we are iL formed, may ater be en quired by that company.
1

Officers -Prest,
Treas,

J. P.

F. E. Allen; Vice-Prebt., L.

C.

Haynes; Sec. and

Co.,

antler

AMHERST, MASS.

AMHERST & SUNDERLAND STREET RYOrganizat'on.— Chartered

in 1896.

Ownsand

of single track.

&

Bonds—

Date.

Interest.

operates 1623 miles

Outstand'g.

Stock, $120,000

Maturity.

$120,000 Oct., '02,2%
1904
5 J_J
117,000 Feb. 1, 1924
$117 000 U e,
t
t F, ™t National Bank, Amherst.
gold (J500, ..:.!: V&rj l T"
E. D. Bangs, trustee
*
(
Bonds- Bonds are subject, to call upon 10 days' notice at 105.
Dividends of 2 p. c. were paid October 15, 190 April 20, 1901, Oct. 21,
1901, April 20, 1902, and Oct. 22. 1602. None e*iuc« Gross earnings
from operation for year ending Sept. 30, 1904, $3 1 .634. President, W.
D. Cowls; Vice-President and Treas., M. A. Dickinson; Clerk, Chas H.
Edwards; Supt. and General Manager, H. N. Ale rich.— V. 74. d. 93: V.
*
1st

&

,

;

,

mortgage

L

^

1,

78, p. 701.

AMSTERDAM,

UNIOX TRACTION CO.
)
Organization.—Incorporated

&

Stock pref., 5 per

ct.,

cum,1

5A -°

&a&*S3N£ft£
on30days' notice

i.o~.ooo a^oct/oi

j

1892 6g. J-J
150,000 July V12
Farm. L. A T. Co., Trus.,N.Y.O.
mi0le)lBtmOrt
C1
e
nnAn
^l 1897 6g. J-D 148,500 Dec. 1, '27
H f anWeot'tonaii at" 105 [interest at Guar. Trust <fe Safe Deposit
5
denom So^nSftoo J Co Philadelphia, trustee.
1895 6g.M-N
,1915
««^ n,«?*&}£* t . nn nnn ( Int. at Mercantile $400,000 MaylY.
pi»ri.tv $400 000
Nat. Bank, N.
\
£3S
Anderson Elec.

St. 1st M., g.
c
($1,000 each) assumed

^

>
S

Int. at

.'

>

'

goia ($i,uuu)

'

'

"(.Mortgage trustee, Francis A. Palmer.
l8
n
1899
* J 4.281.000 July 1/19
golf ;$ro°0oV lanZtTe I Int at 5 9- JTru8t Co N Y trU8tee
°" y
"
called
.c&r* )
Ind Nor Trac'istM.". $5,000,-)
1902 5 g. J&J 4,500,000 July 1,'32
000, gold, guar. p. and i., by SIrterest at Colonial Trust Co., New
Union Traction
York, trustee.
c* )
S'otk and Bonds—Of the $5,000,000 general mortgage, $706,000 are
reserved for underlying bonds. See V. 71, p. 1013. Common and pref.
stock and gen. mortgage bonds are listed on Phila. Stock Exchange.
7 ividends.— Pref. stock of Union Tract. Co.dates from Jan. 1, 1901.
First div. Oct 1, 1901 (for nine mo*., Jan. 1. to Sept. 30), 3% p. c; is
1902,5 p. c; in 1903, 5p. c; in 1904, 5 p. o. On common have been: in
1903, July, 1 p. c; in 1904, Jan., H p. c; July, 1 p. e. ftooe since.
ROAD Besides the oity lines in Marion, Anderson, Muncie, Alexandria and Elwood, operates an interurban road from Anderson
(via Linwood, Alexandria, Summitville, Fairmount, Jonesboro, Gas
City and Soldiers' Home) to Marion, with a branch from Alexandria
(via Orestes and Dundee) to Elwood, and from Elwood to Tipton,
also an interurban line from Munc'e, via York town, Daleville, Chesterfield, Anderson, Pendleton, Ingalls, Fortville, McCordsvllle and
Lawrence, to Indianapolis; also an Interurban line from Loganeport,
via Kokomo, Tipton, Atlanta, Arcadia, Cicero, NobleKVlDe, Carmel,
Broad Ripple, to Indianapolis, and from Peru to Kokomo; total track
aggregates 211 miles of interurban and 50 miles of city lines. Provides package freight service between Indianapolis and Muncie and
Indianapolis and Kokomo, and also Vetween Anderson, Marion and
Elwood. By contract until Nov., 1 933, cars run over tracks of Indian'

'

*

.

—

apolis Street Ry in Indianapolis.
A large cential power station, with necessary storage batteries at
Anderson, operated on a three-phase system, with 14 sub-stations
likewise equipped with storage batteries, operates entire system.
EQUIPMENT.— 104 open and closed city motor cars, 35 city trailers, 49
interurban motor, 15 trailers, 6 express motor and 2 express trail
cars. 1 piivate car, 8 motor work oars and supply of line repair Of rs,
flat cars.
V. 78, p, 769; V. 79, p. 105, 271, 682, 735, 2458; V 80,

Ac—

p.

651,713.

ANNISTON ELECTRIC & OAS CO-

Organization— Incorporated in 1899 under New Jersey laws, te
take over the Annlston Electric Co. (operating the Noble Street line),
and the Oxford Lake Line, sold at foreclosure August, 1899; also acquired at receiver's sale the Anniston Gas and Light Co. General Electric Co. interested.

Stock

&

ulectrio

1902, with the Fonda Johnstown & Glovesville RR.
the latter In Railway and Industrial Section.

In

See statement of

IND.

INDIANA UNION TRACTION-

Incorporated in Indiana on June 9, 1903. The company leases the
Union Traction Company of Indiana for 999 years, Original lease

Bonds—

Date.

Interest. Outstand'g.

Maturity.

$250,000
J-D
300,000 Deo.

Stock, $250,000 ($100)
1st mort., $300,000 ($100.

1, 1929
1899 5 g.
{
o* 5 Int. at Bait. Safe Dept. <fe Tr. Co., Trustee.
$500) gold
Bonds.- Entire Issue may be called after 5 years at 105 and accrued
Sinking fund of 1 per cent of bonds outstanding become*
interest.
operative on Dec. 1, 1905, but to be available for bond redemptions
only if the money cannot be advantageously employed "for the acquisition of permanent extensions and additions."
Road— Operates 10 miles of road from Aaniston to Oxford Lake, including 5 miles of track on city streets.
OFFICERS.— Pres.. E. R. Coffin, Schenectady.N.Y.; Sec and Treas., H.
M. Franols, Schenectady, N. Y.; Gen. Manager, Howard W. Sexton,
Anniston.— V. 68, p. 928; V. 69, p. 283.

asheville,

N. Y.

AMSTERDAM STREET RR.-Thls road,December,
together
with the Cuyadutta
Ry., were consolidated

ANDERSON,

A

OF INDIANA.— trolley road.
in 1903 as a consolidation of the
Union Traction Company of Indiana (incorporated on June 21. 1899),
and the Indianapolis Northern Traction Co. (incorporated in April,
1902). Through consolidation the capital was inoreased from $5,000,000 ($4 000,000 com. and $1,000,000 pref ) to $8,500 000 -$1,000,000
of which remains pref. The additional $3,500,000 common was distributed to Union Traction stockholders in the shape of a stock dividend
of 70 per cent V. 76, p 1302. Leased In 1903 to the newly formed
Indiana Union Traction Co. for 999 years. See terms in V. 79, p. 24 55.
The Indianapolis Northern Trao. assumed payment of principal and
interest of half ($200,000) of the bonds on the Broad Ripple Traction
Co., and also halt of the interest of the remaining *200,000 bonds for
10 years from May 1, 1903. See V. 78, p. 1167.
Date. Interest. Oulst'd'g
Maturity.
BONDS—
STOCK
$7,500,000July,'04,l%
k,$7,500,000, common,$100
Str
(

ANNISTON, ALA.

PA.

ALTOONA & LOGAN VALLEY ELECTRIC
RAILWAY -Acquired by American Railwayo
which see
Philadelphia.

Stock

provided for dividends on the omnmon stock of the Union Tract. Co.,
as rental on a sliding scale rising to * per cent per annum, but this
lease was modified by vote of stockholders on July 1?, 1904, and dividends on st' ck of Union Traction Co. hereafter wlil depend upon earnings of the Indiana Union Traction Co. See V. 79, p. 2455.
Date.
Interest. Outstanding. Maturity.
STOCK
Bonds—
Stock, $5,000,000 ($100)
$5,000,000
1st mortgage, $5,000,000 ) 1903
5 g A-O
1,000,000 July 1, 1933
0*5 Int. at Girard Trust Co., Phila.. Trustee.
($1,000), gold
Bonds. - $4,000,000 are reserved for extensions and improvements,
but only when net earnings are 1^2 timee int. charges. Sinking fund,
Up,c. per annum of outstanding bonds, becomes operative on July
1, 1904.
Fund is to be Invested in the bonds at not above 105 and interest, and bonds may be drawn for the sinking fund at that price, but
are not otherwise subject to call until after July 1, 1908, when all
may be redeemed at 105 and interest on any Interest day.
Earnings.- For the calendar year 1904 were: Gross, $1,341,237;
net, $549,908; flxel charges, including dividend on pref. stock of
Union Traction Co. of Indiana, *456,454; surplus, $93,454.
O c FICE"S.— Chairman of Board, Geo. F. McCulloch, Indlanap.; Pros.,
a.W. Brady, Anderson 1st V.-P., J. Levering Jones, Phila.; 2d V.-P ,
W. Kesley Sthot-pf, Cln.; Treas., John A. Harris Jr., Phila.; Secy. &
Asst. Treas W. C. Sampson. Anderson; Comptroller, Is*ao McQullkin;
General offices and transfer offices. Anderson, Ind — V. 78, p. 1167,
1223, 1275; V. 79 p. 103, 151, 269, 1266. 2455.

Porter.

ALTOONA,

[Vol. lxxx.

ASHEVILLE ELECTRIC

n. c.
CO--

The
Electric Co.
a consolidation of the Asheville Street BR,
Trans. Co.
thelntermontaneRR ., the Asheville Biltmore St. Ry.
and the Asheville Electric Co. Owns Riverside Park.
Maturity.
Dale.
Interest. Outstand'g.
STOCK
B">* DS—
$750,000
--••;•„-;;
Common, $750,000. $100
750,000 May 1,1941
1st mort., $750,000 ($500; 1901 5 g. M-N
c* { Int. at Ola Colony Tr. Co., Bostt n, Trustee
and $1,000), gold

ORGANIZATION— Is controlled by the General

Asheville Electric Co.

&

is

&

&

STREET RAILWAYS.

Feb., 1905.]

Bonds -A sinking fund of 1% of outstanding bonds becomes oper
atlve after Mav 1, 1906. Bonds are subject to call at 106 and Inter
est after that date.

Earnings— For calendar year 1904: Gross, $178,630; net, $57,843;
charges, $40,365; surplus, *17,178.
ROAD— Operates 1227 miles, standard srauge, In AshevMe; Including second track and sidings 14-16; 33 cars.
Officers— Pres J. E. Rankin; Vice-Pres., E. R. Cotfln, New York;
Seo and Mgr., H. W.Plummer; Trea»., H. M. Francis, Scheneotady.N.Y,

ASHLAND, WIS.
ASHLAND LIGHT, POWER AND STREET

RAILWAY-A trolley road.
February, 1896, as successor to Ashland
Organization—Chartered In

Owns

exclusive electric light and gas rights Id
city, and bonds oover lighting plant. The Electrtoal Seo rltles Corporation owns $50,000 of the bonds. V. 79, p. 26*5.
Maturity.
Interest. Outstand'g.
Date.
BONDS—
STOCK
Lighting

&.

Street Ry.

&

$150,000
Stock, $300,000 ($100)
Jan. 2, 191t
96,000
1896
5g. J.-J.
1st M., $150,000, gold )
($1,000), s.f.,red.l04.o Interest at Old Colony Tr. Co., Boston, trustee
Earnings— For year ending Deo. 31, 1904, gross, $72,295; net,
$18,871.
ROAD- Operates 6 miles of trolley track.
OFFICERS— Pies., Thos Bardon; Seo. and Treas., G. F. Merrill

ASHTABULA, OHIO.
Maturity.

RY.- A trolley road.

Organization— Incorporated on March 17, 1898. Owns and operates the Couneaut city line, 3 miles, and has built westward from
Conneautto Kingsvilie'and Ashtabula, 14 miles, and south from Ash

tabula to Jefferson, 10 miles Total, 27 miles. A through line be
tween Cleveland, Ohio, aDd Erie, Pa., is nowin operation, of which this
road forms a part.
Interest.
Outstand'g. Maturity
Date.
BONDS—
STOCK
lO O) $70O OOO
8t
(r a r
$700,000
autii
. .?
.
:
i
5 g. J&D
600,000 Mar. 15, 1922
1st mort". $60b7oOO*gbTd.ov ) 1902
$500 each
$Int at Citizens' Sav. AT Co.,Clev., Trustee.
100 000 Mar. 15, 1922
Jefferson Division (f500) ( 1902 5 g. M&S
< Int. at Citizens' Sav &T. Co., Clev., Trustee
$100,000
Officers— President, Thomas MoGovern, Geneva; Vice-Pres.. W. F.
Stanley, Conneaut, Ohio; Sec & Treas.. A. F. Galpin, Jefferson; Asst.
Offloe at Ashtabula.- V.
Sec. & Treas, Frank E Loueks, Ashtabula
74. p. 478.

&

'

!

ASTORIA,* OREGON.

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

Oregon Mar.

12, 1901. Charter perpetual.
Reorganization of the Astoria 8t Ry.,sold at foreclosure on
July 2, 1900. In Mar., 1902, aoquired the West Shore Mills Co electrio
light plant and also the Astoria Gas Light Co. Now does all the electric power, electric light and gas business of Astoria.

STOCK

&

BONDS—

in

Date.

Outstand'g.

1902

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

Interest.

6AO

$300,000
150,000

Maturity.

Apr. 1, 1923
Earnings— For] year endlBjs; March 1, 1901. gross, $31,838; net,
$83,897; nxed charges, $8,455; surplus. $25,442.
Road Operates 5 miles of track and 6 cars.
OFFICERS— Pres., 8..T. Mitchell, Boston; V -P., 8. 8. Gordon, Astoria;
Seo. and Treas.. C. N. Huggirs, Portland, Ore Supt., C. A. Coolidge.

—

;

ATCHISON, KANSAS.

ATCHISON RAILWAY LIGHT&POWER

&

.

.

A

L

h,

O

1

150,000 July 1, 1915
Mld |io00 int St^ 1895 6g.,J&J
Exch. Nat BkTAtoSisonMT™ 8*66 Mercantile Trust Co., New York.
Road— Operates 8 ^ miles of track.

M

'

Earnings— In 1902, gross. $97,328; net, $38,492
Officers— President, J. P. Pomeroy: Vioe-Pres't, W.
Treas., C. 8. Hetherington; Supt.,C.

P.

M. Marshall.—V. 72,

Wag gen er

p. 626, 1278

.

&

Com.,$6,014,600(*100)
Pf.,5% non-oum., $2,400,000 (par *100). \

a,
° "* J

$6,014,600

Atlanta St RR
«i nnn
goia. $i,uuu
Atl. Cons. St. Ry. 1st

S

^

.

1902

Central Trust Co.,

ATHENS ELECTRIC RAILWAY-A trolley road
at foreclosure sale in June, 1894.
June, 1895. Has contract to furnish arc lights
to city; also incandesoent lamps to private parties. Uses water power
for generating electricity. In Ootober. 1901, purchased the property
of the Tallassee Power Co., which Nov., 1902, began operating two
power stations driven entirely by water wheels, and anoiding 2,
250 horse power.
Interest.
STOCK & Bonds— Pate.
Outstanding
Maturity.
Stock, co liinon
$75,000
Stock, pref.,6p.c,cnm
6 J. J.
25 000
Jan." "l",' '05, 3%
6 Rl J ~ J
12,000
July 1, 191H
1st mort $100 000 ^ 1896
Columbus Savings Bank, Columbus, Ga., trnrVie
o jrnld 'iqUom
i
o. gold ($500)
interest at Columbus or Athens.
£
New 1st mortgage, f 1 901
6 g. A O
$213,000
Oct. 1, 1931
$400,000(^1,000), ] Interest at Title Guarantee & Trust Co Atlanta,
gold
o*( Trustee, or Old Colony Trust Co., Boston.
Bonds.— Of the new bonds entire issue, but no lesser part, may be
called on and after Oct. 1, 1911, at 106 and Interest; $12,000 re
served to take up old bonds; remaining $175,000 can only be issued
for future extensions and additions to two- thirds of the actual cost.
8ee V. 73, p. 1311.
Slock— Pref. stock Is subject to oall Jan. 1, 1908, at 110 and aooumu

New charter granted

'

,

lated dividends.

1904, 3 p. c; Julv 1/3

p. o.; in

1905. Jan., 3 p c.
0wn8 7 mlle8 ot track; 40-lb., 60-lb. and 70-lb.T rails and
-,P,tAN
70ab. girder; 10 motor cars; lighting and power plant. 2,250 h. p.
ep
,T-Ca lenaar year 1901: Gross, $67,131; net, $43,451; charges,
T<& . ,P; surplus,
$20,497;
$22,954.
OFFICERS— President, J. Y. Carithers; Vice-President, W. 8. Holman,
Secretary and Treasurer, W. T. Br van; Gen. Manager and Purchase
Agent, C. D. Flanigen. Supt., H. M. Hughes.-V. 73, p. 1060, 1311.

J7

.

Trustee.

1899
5 g. J.-J.
cons. M., $2,500,2,250,000
Jan. 1, 1939.
000,g,($l,000 each) \ Interest payable in N. Y. at N. Y. Seo.
Tr. Co.;
also at Mere. Tr. & Dep. Co. of Bait., Trustee.
Sub j.to call after 5
»*
o* )
j ears at 107
Ga. Electric Lt. Co. 1
1,3 "0,000
5 g. J.-J.
IstM $2,000,000, 11900
July 1, 1930
g. Subject to call ( Int. at Old Colony Trust Co., Boston, Trustee.

&

In

1905 at 10S

J

Atlanta Gas

5 s. J.-D.
1,150.000
Lisrht) 1897
June 1,1947
Co 1st M., $1,1 50,- > Int. at N Y. 8eonrity & Trust Co., Trustee, or
Bank of Scotland, London, England.
000 g. ($1,000).. o*)
Bonds.—Of the total authorized issue of $11,000,000 of Ga. Ry. A
Elec. bonds, $3,850,000 are reserved to retire underlying liens. Bonds
are subject to call on any interest date after Jan. 1, 1907. at 110 and
accrued Interest, a sinking fund becomes operative in 1907 which will
retire $10,000 of bonds in each ye»r from 1907 to 19U, Inclusive;
$25,000 per annum from 1912 to 1916, inclusive, and $50,000 per
annum thereafter. See V. 74, p 629, 727. A sinking fund of $6 60
per $1,000 bond on the Atlanta Ga<*- Light Co. bonds is operative. A
»inking fund of $25,000 per annum is also operative on the underlying

bonds of the Atlanta t onsol. Street Ry.
Earnings— For year ending Dec. 31, 1901, «rns, $2,112,973; net,
af er taxes, $952,332; Interest, $497,856; surplus, $454,476.
Road -Operates 142 mllesof track, 70 of which is entirely new. Line
to Marietta (20 miles track), Is being constructed by Atlanta Northern,
which see below.
M.Atkinson; Pres,.Pr*ston 8. Arkwright;
OFFICERS.—Ch. of board.
V.-P., Treas. and Man. Eleo. Dept., G. W. Brine; Vice-Pres.. Seo. and
Mgr. Rwy. Dept.T. K. Glenn.— V. 79, p. 151, 631, 2147; V. 80, p 711

H

U: ATLANTA NORTHERN RY.

CD. A trolley noad.
Organization -Entire stook Is owned by tbe Georgia Ry.
Co.. which guarantees the bonds.

Stock

&

Bonds-

Date.

Interest. Outstann'g.

&

Eleo.

Maturity.

$100,000
m
5 g. J-J
400,000 July"iil954
) 1904
($500 and $1,000) g.... 5 Int. at Old Colony Tr. Co., Boston, Trust.
Bonds— Are guaranteed, principal and interest, by indorsement by
the Georgia Ry & Eleotric Co. Are subject to oall on any interest
date after 5 years at 110 and interest. A sinking fund of $5,000 per
annum begins after 5 years. See V. 79, p. 680.
Road Will operate 20 miles of track from Atlanta to Marietta on
Erivate right of way. Is now under constructioa and is expeoted to
e completed about May, 1905.— V. 79, p. 680.
Stock, $1 0.000
>rt.. $400.000,feuar.
1st

ATLANTIC

CITY, N.

J.

ATLANTIC CITY & SUBURBAN TRAC- Co-

Organization— Incorporated in New Jersey on July 17, I9t>2. Owns
aad operates the Atlantic City & Pleasantvtlle Turnpike Co. In Aug.,
1903. stock authorized was increased from $500,000 to $750,000, and
refunding mortgage for $750,000 made, part of which was used to
retire $500,000 bonds Issued In 1902.
Outs'nnding.
Date
Interest.
Maturity.
Bonds
STOCK
Stock, $750,000 ($50)
$750,000
75
R Und
t
5 * F "A
750 000
Au *- 1. !933.
OO
'^?d 'f$ l O°O I 1903
$500 and $1,000). ) lDt at We8t End Trust Co - Paila - Trustee.
Bonds—Are sublect to call after 10 years at 105.
Road— Operates 16Ja miles of track from Atlantic City to Pleasantville, Somers Point and Abseoom (Including sidings, 18 4 miles
track). Entire road put in operation May 28, 1904. Kails, 80-lb.
girder in towns and T in suburbs.
Jordan;
OFFICERS— President, Edward R. Sponsler; Vice-Pres.,
Secretary, Eli H. Chandler Tr^aeurer, C Taylor Leland Gen. Mgr.
Jos. C. Lugar; Engineer, F. D. Hain.— V. 77, p. 122 A.

&

—

-

AM
;

;

AUBURN,

.

1,

New York,

-

Organization— Purchased road

„fW«We»M/*.-On preferred stock Jan.
,

,«„. .

j<>,

'

-

ATHENS, GA.

„ in( of.~ T
Aiou.uuujan „~

«

.„,
ua.iM/i
Jan. 1,1932
5,114,000
5g J-J.
I Int. at Old Colony Tr. Co., Boston, Trustee.
189 °
July 1, 1920
225,000
6 g. J.-J.
first (
3 Interest ia payable in New York at 4th Nat. Bfe.

ties of Atchison.

&

Railway, 150,000.

In
Jan. 28, 1902, and on
ORGANIZATION
Power Co., the Atlanta Rap.
Apr. 1, 1902, took over the Atlanta Ry
Tran. Co.,the Georgia Elec Light Co and the Atlanta Steam Co. FranCom prises the street railway, electric light, gas, power
chise perpetual
and steam-heating Interests of Atlanta and Fulton County. Uses
power supplied by the Atlanta Water * Electrio Power Co. from
the latter's plant at Bull Sluice on the Chattahoochee River, 15
By terms of the ordimiles from Atlanta -see V. 79. p. 163. 2149
nance permitting consolidation the company paid the city of Atlanta
$50,000 in cash, and agrees to pay a tax on gross receipts of 1 per cent
for first 3 years, 2 per cent for the next 20 years and 3 per cent thereHas contract with the city for street lightafter. V. 74, p. 397, 72
in^ for five years from April 1, 190:1. at $75 per arc per annum. In
Oot., 1P02, both preferred and common stook was listed on Boston
Stock Exchange. V. 75, p. '49.
In June, 1903, acquired the entire capital stock ($600,000 6 p o. preferred and $1,014,625 common) of the Atlanta Gas Light Co., comprising the gas business of Atlanta and vicinity, by exch wige of stock, dollar for dollar. V. 76, p. 1406. The gas company, however, maintains
a separate organization. Through this exchange. United Gas Improvement acquired a substantial interest in the Ga Ry. & Electrio.
Date.
Interest. Outstanding.
Maturity.
BONDS—
STOCK

Organization—Controls

eleotric railway, lighting and gas prope?
Successor in 1895 to the Atchison Ry., Eleo.L.& P.Co.
Date. Interest. Outstanding. Maturity.
STOCK
BONDS—
Stock, $300,000, par $100
$300,000
..

to Street

OEORGIA RAILWAY & ELECTRIC COGeorgia on
-Incorporated

™m

Outstanding.

$150,000
Stock.
75,000 July 1, 1911
6 g. J1st M., $75,000, gold, < 1891
o*<fcr I Int. at Central Trust Co., Trustee, N. Y. City.
1,000
ROAD— Operates 5 miles of track on 5 miles of street.
Officers— President, F.B.Wasrner; Vice-Pres.,F. J Wettach; Sec. &
Treas , E. W. Savage; Supt., E. R. McDowell.

PENNSTLVANIA & OHIO

ATLANTA, GA.
Population Tributary

1st con. M., $11,000,000, g. s. f. (#1,000). o*

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

741

N. Y.

AUBURN & SYRACUSE ELECTRIC
road.

RR.-A

trolley

Organization—Organized Sept. 30, 1902, as a consolidation of the
Auburn City Ry. and Auburn Interurban Eleo. RR. Franchises perpetual. Iq April, 1904, the Railroad Commissioners gave permission
to increase the

common

STOCK & BONDS—
Common, $1,000,000

stook to $1,000,000.
Date.
Interest. Outstand'g.
($100) )
$800,000

Maturity.

ft ,6% oum.,$500,000($100) <
500,000
Auburn City 1st mortgage,) 1895 6g. F-A
128,000 Aug. 1, 1925
+300,000 ($1,000)
o*5 Int. at West End Trust Co., Phila., Trus.

Aub. & Syra.lst*ref.Mtg.A
nIw Y^rk'
6
*2,000.000,g. ($1.000,..c^
Oo?nS!?York°;Tru sTee:
Ho»ds.—Ot the $2,000,000 authorized, $128,000 are reserved to retire a like amount of Auburn City 6s, which, lt is stated, will be called
for payment on Aug. 1, 1905, at 105, and $950,000 for future extenThe
sions, but only when net earnings are double interest charges.
new 5s are subject to oall at 110 and Interest on or after Oot. 1, 1912.
SeeV. 75, p 1201.
Earnings— For rlsoal year ending June 30, 1904: Gross, $238,830;
net, $80,459; tlxed oharges, $64,320. surplus, $16 139.

^atV'^H.rtl'AOo
&&M.

)

Latest FA«»MNGS-For 6 nios. to Deo. 31: In 1904, gioss, $143,852; net, 67,113; other inc., $483; charges, $32,735; surplus, $34,861. In 1903, gross, $185,232; net, $50,025; surplus, $19,919.
Road—Operates about 37 miles of track, Including 13 miles In
Auburn ana 24 miles from Auburn to Syracuse, which latter was put
in operation on July 1, 1903. Has trackage agreement with Syracuse
Rapid Transit, allowing It to enter tuat city. Owns Lake Side Park,
about 33 aores on Lake Owasco; 38 cars.
Officers.— Pres. and Gen. Mgr , C. D. Beebe; Vice-Pres.. W. A. Hoi
den, Sec, A.M.Michael; Treas.. Albert K. Hl8Cock.-V. 78, p. 1961.

AUGUSTA GA.
CoAUGUSTA-AIKEN R'Y & ELECTRIC the laws of

Organization.— Incorporated on Jan. 3, 1903, under
Jersey. Owns, controls and operates the Augusta Rv. & Eleo
Co.,»he North Augusta Elec.A Improvement Co., the Augusta & Aiken
Ry. Co., the North Augusta Hotel Co. and the North Augusta Land Co.

New

STOCK & BONDS—
Common. .$1,500,000($100)

Date. Interest.

Maturity.

Outstanding.
$1,434,000

768,000

Pf.$800.000($100)5p.coum
trust,
$3,000,000? 19i 3

....

1,162,000 Jan. 1,1953
Trust Co., Baltimore, Trustee.
Of new mortage $2,000,000 Is for the purpose of retiring prior
liens. Bonds are convertible In five years at option of holder, and sub
Ject to call on any interest date on 60 days' notice at 105 and Interest
OFFICERS— President John Blair MacA fee; Vice-Pres., H. H. Cummin*; Sec. and Treas , A. J. MoKnight, Augusta.— V. 76, p. 100;
V.78, p. 341.
5 J-J

Coll.

gold ($1,000)

o*

)Int at

Int.

COAUGUSTA RAILWAY & ELECTRIC Maturity
Outstanding.
&

Date. Interest.
Bonds—
$1,000,000
Stock, par $100, $1,000,000
Eleo. mtg., J 1900 5 g. J & D 1,000,000 June 1, 1953
Augusta Ry.
g., $1,000,000 <$l,000).o* I Int. at Mer. Tr. & Dep. Co., Bait.. Trustee.
Bonds.— Augusta Railway & Electrio bonds can be called In 10, 20
or 30 years from date at 105 and interest on 6 months' notice, tanking fund Is Js of I per cent, beginning June 1, 1905, for 15 years,
1 per cent for next 10 years and 2 per cent for remaining 10 years.
Road—Operates 29-33 miles of track ; 17 miles of street.
Latest Earnings— For 12 months ending Dec. 31: In 1904, gross,
$250,317; net, $129,093. In 1903, gross, $238,189 ; net, $118,128.—
V. 76, p. 918; V. 78, p. 341.

A

NORTH AUGUSTA ELECTRIC
PROVEMENT Cowhose bonds are
Controls the Augusta & Aiken

&

IM-

deposited as

Ry.,

collateral for the

bonds in table below.

STOCK & BONDS—
Common, $1, 000,000

Date.

Interest.

Maturity.

Outstand'g.

$1,000,000
500,000
PL, 5%
1,000,000 Oct. 1,1951
No. Aug. Eleo. <fe Impt. Co.) 1901 Sg.A-O.
1st mortgage, $1,000,000. > Internat'l Tr. Co., Baltimore, Trustee,
gold ($1,000)
o) Int. at Augusta and Baltimore.
Bonds are subject to call at 105 on any Interest date upcn 60 days
nctice.-V. 76, p. 918.
($100)
no., $500,000 ($100)

(]

)

.

STREET RAILWAYS.

74J

Stock

)

AUGUSTA & AIKEN RY.

|

Vol. lxxx.

Road— Operates 72 miles of track, connecting the cities and towns
of Carpentersville, Dundee, Elgin, South Elgin, St. Charles Geneva,
atavia, Aurora, Montgomery, Oswego, Yorkville and Bristol.
Earnings— For year ending June 30 of combined properties:
Vlmrges Surplus
Oper. exp.
Net.
Gross
1904
1903

$274,796
2*0.706

$456,099
434,967

Latest EARNiNGS-July

$181,303
184.261

$110,676 $70,627
110.069

74,192

to Deo. 31, 1904: Gross. $240,090: net,
$100,8 '1; charges. $55.83 '; surplus. $53,983. In 1»'U, gross,$242,260; net. $102,a70; charges, $55,118; susplus, $47,252.
Officers— President, L. J. Wolf; Vice-Pres., Edwin C Faber; See.
and Treas.. H. C. Lanir, Gen'l Mgr., John T. Huntington; Auditor, W. P.
Harvey. -V. 73, p. 783, 1010; V. 76, p. 751; V. 78, p. 102.
1

AUSTIN, TEX.
AUSTIN ELECTRIC RY.-A trolley road.

Organization— Incorporated In Texas on May 29,1902, as a reorganization of the Austin Rapid Transit Ry. Authorized oapital stock
was increased in April, 1903, from $200,000 to $350,000.
Date.
Interest.
Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $350.000
$265,000
First mortgage. $350,-? 1903
5 g. A-O
265,000
Apr. 1. 1933
000, gold, $1,000
$ Int. at Equitable Trust Co.. New York. Trustee.
Bonds— Are subject to call on and after Apr. 1, 1908, at 105 and int
Road— Operates 15*91 miles of track. Entire road is being re built
Officers—Pres., Wilber H. Young Vice-Pres.., F. H. Watriss, New
York; Treas., E. P. Wilmot; Seo'y, Claud V. Peel.— V. 76, p. 809,1247;
V. 78, p. 1704 )

&

;

BAKERSFIELD, CAL.
POWER, TRANSIT & LIGHT CO-Organization- Is successor in 1903 to the Power Development Co.,
the Bakersfleld Gas & Elect. Light Co. and the Bakersfleld & Kern
Electrio Ry. Does the entre electric lighting, power, gas and street
railway business of Kern and Bakersfleld. V. 77, p. 401.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $2,500,000. $100
$778,000
- _ T' T
Bakersf. <fc Kern El. Ry.
July 1,1931
125,0
$250 000, g., ($1,000)0 \ "•• ag,J J
Bakersf. Gas & El.
6% F-A18
50,000
Periodically
New mort, $2,500,000 ) 1903 5 g. J-D
778,000
June 1, 1933
gold, ($1,000)
Mercantile Trust Co., San Fran., Trustee.
S
Bonds— Of the $2,500,000 new bonds, $175,000 are reserved to retire
prior liens. The boons are subject to call on any interest date "on
basis of 4^ p. o. re Investment" A si-kina fund of 10 p. c. of net
earnings after payment of charges oommenoes after 5 years.— (V. 77,

&

M

p. 401.)

Roa d— Operates 9 miles of track between and throughout Kern
and Bakersfleld. Also does electric lighting, power and gas business
Has over 100 miles of eleotrio power lines.
OFFICERS -Pres. & Gen. Mgr.. C. N. Beal. San Francisco; Ass't Gen.
Mgr., Jan. Goodwin, Bakersfleld; Sec. & Treas., F. G Drum, San Francisco.— V. 77, p. 401.

controlled bv the Norfi Augusta Eleotrio & Improvement Co. Stock is $10,000; bonds, $500,000 of 5 p. c. 30-year
gold boDds; interest J.-J and maturing Jan. 31, 1931. Bonds all deposited as security for North Augusta Eleotrio & Impt. Co. bonds.
Earnings- For 12 mos. ending Dec 31,1904: Gross, $87,868; net$3*,675.
Road— Operates 26 miles of track from Augusta, through Clear
water, Bath. Langley, Warrenville and Graniteville. to Aiken, 8. C.
Standard gauge, 60 lb. T rail. Opened Sept. 1, 1902.

Organ ZATICN-— Is

BALLSTON SPA, N. Y.
NEW YORK RR.-A Dec,
New York
Incorporated

,

AUGUSTA, ME.
AUGUSTA WINTHROP & GARDINER RYAn
road.
electrio

Organization— Consolidation in May, 1902, of the Augusta Hallo
well & Gardner RR. and the Lewlston winthrop & A'ugusta St. Ry.
Date.
interest.
Outstand'g.
Maturity,
Stock & Bonds—
Stock, common $100
$300,000
Pref., cuna 4 per cent
69,000
Aug. Hallowell & G. ) , ~ Qn
t
« J J
t
e
10,500
July 1,1910
"
lstM. for $100,000. > x ° yv
interest payable In Boston; International Trust Co., Irustee.
1st mort., $250,000, j 1901
4g. J-J
239,500
July 1,1951
convert ($1,000 and } Interest at Augusta Trust Co., Augusta, Me..
$500)
cMTrustee
Loans payable June 30, 1904
$166,000
Bonds can be converted into preferred stock at option of holder.
Road— Operates 12^ miles of road in Augusta, Hallowell, Gardlnei
and Farmlngdale and to Togus. Also extension of 14 miles from Au
gusta to WiLthrop, completed In 1902. Total track, 27-67 L mlles.
Report- Year ending June 30
,

1904.

Gross earnings.. $9 i^93
Netearnings
31,604
Intereston bonds 12,970

Officers— Prest.,

1903.

$91,996
28,131
12,915

1904.

1903.
$6,591
8,625

Taxes&oth.ohgs.$10,343
Bal. fordivs
8,291
Dividends
None

None

Manchester Haynes, Augusta, Me.; Sec, H. M.
Heath; Treas., G. E. Macomber; 8upt., L. F. Taylor.- V. 74, p. 1194.
J.

AURORA,
75,000.

in Illinois May 29, 1901.
Consolidation of several lines running north and south through the Fox River
Valley, namely the Elgin City Carpentersville & Aurora Railway, the
Aurora & Geneva Ry., the Aurora Street Ry., the Elgin City Ry.. the

Organization.— Incorporated

Aurora York ville & Morris Ry. and the Geneva Batavia & Southern
Railway. The project was financed by a syndicate headed bv M. J.
Mandelbaum & Co., who also promoted the Aurora Elgin & Chicago,
by means of which latter an entrance to Chicago Is obtained.

STOCK

&

Bonds—

Date.

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

Interest.
Q.-J.

Outstand'g.

Div., ete.

$2,000,000
See text
000 June l; 1916
™°\
mortgage $2,000,000, $ Int f 5«-'fcP t
at Am Trust and Sav. Bank. Chicago,
>
*l 000 cold s. f
c*
$i,ooo, gold, r r
c
tru8teet and Flr8t Nat> Bk N Y City
l
1890 5 «- F_A
200,000 Aug. 1, 1907
a-igin city
Eljrin Cltv Rv 1st mort
ist mort... $ ,
1st

-

W™'

-

(

«y.

E.& A. 1st M., $150,000

^

lnte rest at Farmers' L.

1896 5g. J-J

& T.

Co.,

.

N.Y

City.

100,000 Jan. 1, 1907
Bonds.— Of the $2,000,000 authorized consols, $300,000 are reserved
to retire the above divisional liens. (See V. 73, p. 783, 1010.) Sinking
fund Is $17,000 per annum first five years and $25,000 annually
thereafter; $ 57,000 have been purchased and are now held In sinking
C.

fund.

Dividend— First dividend- % p. c— was paid April 10,1503; also h
July and % p. c. In Oct.; Jan., 1904, dividend and since, passed.

p. c. in

trolley road.

Organization—

1904, and Is
successor to the Ballston Terminal RR., sold under foreclosure on
Dec. 29. 1904
Date. Interest. Outstanding. Maturity.
STOCK
BONDS—
Stock. $1 ,750,000 ($100)
$500,000
-300,000 Jan. 1, 1935
1st M.. $1,750/00 ($500) 1905 5g.J-I
Metropolitan Trust Co., N. Y, Trustee
and $1,000), gold
c* s
Bar ds.— The new bonds of 1905 are not subjeot to call. No 3inking
fund.
Road— Is both a freight and a passenger road. Owns extensive
terminals at Ballston Spa. Has 15 miles of track, with a line from
Extension contemplated to Amsterdam,
the Spa to Middle Grove.
Johnstown and Gloversville, with a short extension to Saratoga.
OFFICERS—President, A. R. Law; Sec. Treas., I. J. Ishelman. (V. 74,
p. 93, 266; V. 76, p. 265, 593; V. 78, p. 701; V. 79, p. 1954, 2793.)
in

In

&

BALTIMORE, MD.
Railways of Baltimore pay a Park Tax of 9 per cent of groti
earnings within old Oity Limits, and are required to pave between
tracks and two feet on each side.
Street

UNITED RAILWAYS & ELECTRIC
OF B ALTIMORE-Trolley road.

CO.

ORGANIZATION— Incorporated at Annapolis March 4, 1899. Comprises all the passenger railways in Baltimore City and Baltimore
County and lines extend into Anne Arundel County and Howard
County. Through the consolidation of the two roads named and
various prior consolidations with those roads, embraces the following:
Baltimore Catonsville & Elllootts Central Railway Company.
Gwynn's Falls Railway of BaltiMills Passenger RR.
more City.
Baltimore City Passenger Ry. Co.
Maryland Traction.
Baltimore Consolidated Ry. Co.
Plmlico & PikesvlUe RR.
Baltimore & Curtis Bay Ry.
BaltGardensvllle&BelairEleo.Ry. Shore Line Electric Ry.
Baltimore Northern Eleo. Rr. Co. Walbrook Gwvnn-Oak&Po whatan.
Also owns all the stock, and holds a lease, of the Baltimore Spar
rows Point & Chesapeake Ry. Co. The company likewise controls by
ownership of stock the York Road Turnpike, the Charles Street Ave.

&

ILL,

ELGIN AURORA & SOUTHERN TRACserved,

TION.— Population

EASTERN

Turnpike, the Harford Turnpike and the Bait & Jerusalem Turnpike.
Formerly owned the $2,000,000 common stock of the United Electric
Light <£ Power Oo. of Baltimore, comprising the electric-lighting plants
of Baltimore, but In Jan., 1903, sold the same, together with its holdings of the stock and bonds of the Mt Washington Electrio Co., for
$904,237 to a syndicate represented by the Continental Trust Co. of
Baltimore, and which is supposed to have close affiliations with those
controlling the 8usq. Eleo. Power Co. V. 75, p. 1158 and V. 76, p. 160.

The Susquehanna Electric Power Company is building a plant near
Peach Bottom, Pa., capable of developing 40,0' >0 horse-power, of which
one-half has been contracted for by the United Railways & Electrio Co

Stock

Common
par,

&

Bonds—

Date. Interest. Outst'nd'g.

$50

Preferred,cum.,$14,000,000,
par,

Div.or Matu'y

stock, $24,000,000,

$50

.

J'"

'

*

$15,000,000
R , ,n =
do:>

w

'

•

J

Dec, 1903,2

iless

H

P- o.

lO-jg
Ino.M.,g.,$14,000,000,cum., ) 1899 4g. J.&D. 13,936,695
tax free, Maryland Tr. Co. > Payable at option after March 1, 1949
3 Int. at Alex. Brown <fe Sons, Baltimore.
c*($l,000)
1st con. M., g., $38,000,000 > 1899 4g.M-S a25,231,000 March 1, 1949
($1,000); Continental Tr. S Interest at Alex. Brown & Sons, Baltlmore.
Co., Baltimore, trustee. c* )
Scetrzi.
350,000
Car Trusts $350,000 gold ) 1904 5g. A O
Slnt. at Fidelity Tr.& Dep. Co., Bait Trus.
($1,000)
.

STREET RAILWAYS.

Feb., 1905. J
UNDERLYING SECURITIES.
Salt. Traction-lst ($1,000)
Tr. Mercantile Tr. &

M

)
>

1889 5

M-N

1.500,000 Nov.

1,

1929

Interest at National Mechanics' Bank,
o> Baltimore.
Deposit Co
Do N. B. Div.lst ($l,000)5s, > 1892 5 g. 3-D 1,750,000 June 1. 1942
g Trus Mer.Tr.&Dep.Oo.o S Int. at National Mechanics' Bk., Bait.
504,000 May 1,1906
DoConv'tlble g. bonds (not) 1896 5 g, M-N
red. aft. May > Mercantile Tr. & Deposit Co., Baltimore,
) $800,000
Trustee. Int. Nat. Mech. Bk., Bait.
1 1901. at par ($1,000).. c* )
City <6 Suburban Ry. bonds— > 1892 5 g. J-D 3,000,000 June 1, 1922
1st mortgage, g.. ($1,000) s Int. at Alex. Brown & Sons, Baltimore.
Safe Deposit & Trust Co.. Bait.. Trustee.
J- J
500,000 July 1, 1916
Balt.Oatonse.dS;EllicoW8Mills)\S96 5
1st M., $500,000 prin. g. . > Safe D. & Tr. Co., Bait. Trustee. Int. at
Mechanics' Bk., Bait.
National
y
Lake Roland Elevated— 1st > 1892 5 g. M-S 1,000,000 Sept. 1, 1942
Int'st at Alex. Brown & Sons, Baltimore,
c*&r \
M., gold ($1,000)
Baltimore Trust & Guaranty Co., Trustee.
Oily Pass.— 1st mort., ) 1891 5g. M-N 2,000,000 Nov. 2, 1911
Bait.
o*j Interest at Nat. Mechanics' B'k, Bait.
$1,000, gold
Safe Deposit & Trust Co., of Bait., Trustee.
Baltimore City Pass.—
Certs, of indebt., $500,-) 1897 4iag. M-N 500,000 Nov. 2, 1911
000, g. ($500 * $1,000) S Interest at Nat. Mechanics' B'k, Bait.
26,000 July 1, 1912
Central Ry. -1st M„ $600,-) 1882 6 J-J
000, sink, fd., ourrency... $ Subj. to call at 100 in certain am'ts y'rly.
Trustee Baltimore Safe Dep. & Trust Co. Int. at Nat. Meoh. Bk., Bait.

M

66

,

.

.

n^ a ^ m ™* *™n nnn
700 000
Co
?2
™A\ *

)

1892 5g.

M-N

674,000

May

1,

1932

' \
Int. at National Mechanics' Bk., Bait.
,a.
gold ($1,000)
^ Mercantile Tr.&Dep.Co. of Balt.,Trustee.
600,000 Mar. 1, 1932
Ext. and Imp. 1st mort.,) 1897 5g. M-8
$600,000, g., ($1,000) .. > Bait. Tr. & Guar. Co., Bait., Trustee.
) Int. at National Mechanics' Bk., Bait.
11,000 Nov. 1, 1947
5g.
Bait. <£ Xorth. Elec
1st M.,) 1897
$1,250,000, gold ($1,000) > Maryland Trust, Baltimore, trustee.
) Int. at National Mechanics' Bk., Bait.
a This shows amounts authorized, less amounts reserved for underlying bonds, acquisitions, improvements, etc.
Securities— Of the $38,000,000 of 1st consolidated bonds, $25,231,000 have been issued, $12,255,000 have been set aside for the retirement of underlying securities, and $514,000 reserved for betterments, improvements, extensions and expenses of consolidation. In
March, 1899, $18,000,000 of this issue was offered for sale by Brown
Bros, of New York, Philadelphia and Boston, Alex. Brown & Sons,
and Mercantile Trust & Deposit Co. of Baltimore. In April, 1900,
Alexander Brown & Sons took a further block of $3,000,000 of the
bonds, and in March, 1901, the Mercantile Trust & Deposit Co. contracted to take $2,838,000 more, part of which was used to retire the
$1,250,000 Baltimore Traction 6 per cent Ext. & Imp. bonds which
matured Sept. 1, 1901.
The pref stock reported above as outstanding is all that remains of
the original issue of $14,000,000, the rest having been converted into
income bonds.
On Feb. 28, 1900, the 50-year 1st con. mort. and also the income
bonds were listed on the Phila. Stock Exchange; the stock, the oonsols
and the income bonds are all listed on the Baltimore Exchange.
The car trusts in table above mature $35,000 per annum from 1905
to 1914, both inclusive.
Dividends.— Dividends of *a of 1 per cent were paid in June, 1899,
and 2Jfl p. c. in Dec, 1899, and £ p. c. each six months since to and including Dec, 1903, on both the income bonds and the pref. stock, the
payment on the stock (but not on the bonds) being subject to a deduction of one quarter of one per cent for taxes; payments due June and
December, 1904, omitted on account of Baltimore fire.
Road— Miles of track, 379; cars, 1,745; gauge, 5 ft. 4^ in.
Report for the year ending Dec. 31, 1903, see V. 78. p. 816.
1903.
1902.
1901
Car mile runs.
24,665,973 24,056,973 23,330,292
Revenue passengers
110,2 Jft.977 101,746,407 95,041,947
42,788,20ft 39,363,604 35,342,534
Transfers
Gross earnings.
$5,480,629 $5,041,275 $4,696,629
2,554,2*
2.252.133
2,193.1 ?
Operating expenses
Net earnings
$2,926,3'»S $2,789,142 $2,503,454
Fixed diaries, taxes and divs. on
2, '08.029
2.493.002
pref. stock
2,637.115
Surplus for year
$io,452
$152,027
$218,359
Other Income.
90,374
53.405
21.666
Balance...!
$308,733
$32,118
$205,432
OFFICERS— Pres, John M.Hood; Vice-Pres, George C.Jenkins; 2d
V.-P. and Gen. Man., William A. House; Sec. and Treas. H. C. McJilton;
Auditor. N. E. Stubbs.— V. 79, p. 1643, 2589, 2643; V. 80, p. 223.

743

PUBLIC WORKS COMPANY.-

ORGANIZATION— Owns and operates Bangor Street Railway, an

elec-

Bangor Electric Light & Power, Penobscot
Water <fe Power and Brewer Water companies. In 1901 the stockholders of this company secured control of the Bangor Orono & Old Town
Ry. and the Bangor Hampden & Winterport Ry. In Nov., 1902, purchased the Old Town Electric Light Co. and the Old Town Gaslight Co.
Interest. Author'd Oulstand'g.
Maturity
STOCK & BONDS—
Stock. $100
$600,000 $600,000
„.
5g.A-0 600,000 600,000 Apr. 1, 1929
1st, gold, 1899 c* $300, )
Jlnt. at Old Colony Tr. Co., Boston, Trustee.
$1,000
ROAD— Owns road in Bangor to Brewer, etc., 1234 miles of track.
Annual Report— For years ending June 30 earnings of Bangor
Street Railway have been
1903.
Vr end.June30. 1904.
1904.
1903
tric road; also controls the

Gross earnings.. $86,791
32,083
Net earnings
11,561
Interest, eto

$74,876
19,458
11,791

Surplus

*$20,522

$7,667

984

1,413

June 30

Tot. def.

* Of this amount, $20,093 was written off for depredation.
Officers— President, C. F. Woodard, Bangor, Me.; Treas. and Gen.
Man., John R. Graham.— V. 61, p. 795.

BANGOR road owned by OLD TOWN RAILWAY—A trolleyORONO & the stockholders of the Publio
Works Company.

'

—

.

>

"

(
) BALT. SPARROWS POINT & CHESAPEAKE RY.
Organization— In Jan., 1903, was leased for 999 years to the Un.
Rys. & Electric Co. of Baltimore, which guarantees the bonds below,
both as to principal and Interest, and also owns all of the stock. See
V. 79, p. 2643. Has been building a line, 40 miles, to connect Baltimore with the Maryland Steel Works at Sparrows Point and is to be
extended along the shore of Chesapeake Bay, where summer resorts
I

are to b« established; road has been completed to Sparrows Point, 15
miles. V 76, p. 160, 267. Domlniok & Dominlck of New York and
J. William Middendorf
Co. of Baltimore purchased the bonds in
Dec, 1904, and offered them for sale in Jan., 1905. V. 79, p. 2643,
and V. 80, p. 221.
Maturity.
Date. Interest.
Outstanding.
Stock
Bonds—
Stook, $2,000,000
$400,000
1st mort., $2,000,000) 1903 4*a g.,F.-A.
Feb. 1, 1953
2,000,000
gold ($1,000), guar. > Fidelity & Deposit Co., Baltimore, Trustee.
prin. and int
o*) Int. at Alex. Brown
Sons. Baltimore.
Earnings— For 7 mos. to Nov. 30, 1904 (while road was only partly in
operation), gross, $126,833; operating expenses, taxes and insurance,
$57,633; net, $69,200; fixed charges, $46,638; surplus, $22,562.
OFFICERS— Pres.. John M. Hood; Vine-Pres. and Gen'l Mgr., Wm. A.
House; Sec and Treas., H. C. McJilton Auditor, N. E. Stubbs. V.
76, p. 157, 211, 265; V. 79, p. 2643; V. 80, p. 221.

&

&

&

;

(2)

BALTIMORE & LAUREL ELECTRIC RY.

Organization. -Stock all owned by United Railways & Eeotrio Co.
Incorporated in 1901 with an authorized capital stock of $2->0,000 to
build a line from Baltimore to Laurel, a distauce of about 18 miles.
No bonds. At Laurel connection will be with the Berwyn & Laurel
Electric Co., which contemplates a line between Laurel and Berwyn,
the latter a suburb of Washington. Construction not yet begun.

BANGOR BANGOR,
HAMPDEN
RAILW A Y-Trolley
road.

ME.

& WINTERPORT

Organization— Incorporated in 1897. In Sept., 1901, control was
acquired b> the stockholders of the Public Works Company.
Dale.
STOCK
Bo^DS On.is«a>idi.ng.
Maturity.
Interest.
Stock, $i00,0o0 .$100
$60,000
1st mtge., *300,000) 1897
5 M-8 i&
40,000
Sept. 15, 1917
($1,000), gold
int. at Old Colony Trust Co., Boston, Trustee.
J
Bangor to Hampden, 613 miles, with a summer park. Earnings year
ending June 30, 1904, gross, $27,357; net,$6,009; interest and taxes,
$2,360; balance, surplus. $3,649. President, H. C. Cbapinan; Treas.,
O. I). Stanford, and Gen. Mgr., John R. Graham.

&

Organization— Began operations July, 1895. Cars run over Bangor
Street Railway to 8tate Street, thence over own line through the villages of Veazie and Orono past the State College to Old Town, 14 1*
miles 2 miles in Bangor; total, 162 miles of road and 16-7 m. of track.
Date.
Interest.
Outstanding.
Maturity.
BONDS—
STOCK
See text.
Stock $125,O00(par $100)
$125,000
See text.
6 g.
125,000 Mar. 15. '15
IstM., $125,000, gold.... 1895

&

Bills

M&S

payable June 30,'04.

94,461

Bonds-Are subject to call after Maroh 1, 1905, at 105.
DIVIDENDS—From April 20, 1896, to June 30, 1898, 1 p. o. monthly;
in 1897-98, 8 p. c; none since.
EARNINGS—Year ending June 30, 1904, gross, $61,910; net, $20,433; interest and taxes, $13,243; surplus, $7,190.
OFFICERS— President, J. Fred. Webster; Secretary, A. J. Durgin;
Treasurer, F. ,D. Oliver; Genl. Manager, John R. Graham.

PENOBSCOT CENTRAL

RR.-TroUeyroad.

in Connecticut on Oct. 27, 1904, as a
reorganization of the Penobscot Central Ry. sold under foreclosure
on Nov. 1, 1904. See V. 79, p. 2086. Franchises perpetual ; carries
freight as well as passengers.
Date.
Interest.
Outstanding. Maturity.
BONDS—
STOCK

ORGANIZATION—Incorporated

&

Stock

(?)

Bonds

(1)

Road— Bangor to

Charleston 26 miles. Operates 7 motors, 4 open
passenger, 2 trail, 10 flat and 12 box oars.
OFFICERS— Pres., W. H. Newman, Walllngford, Conn.: Sec, S. CMorehouse New Haven, Conn.; Treas., P. J. Cronin, New Haven*
Conn.—V. 78, p. 2443; V. 79, p. 1266, 2086.

BARRE, VT.

BARRE & MONTPELIERPOWER &TRACroad.
TION CO-— A
trolley

STOCK

&

BONDS—

Date. Interest, Outstand'g. Maturity.
Stock, $150,000, par $25
$120,000
1st M., gold, $100,000 ($500 < 1897 5 g.M-N
100,000 Nov. 1, 1917
each), not subj. to call..c* (Int. at Am. Loan &Tr. Co., Boston, Trust.
Earnings—Fiscal year ending Sept. 30, 1901: Gross, $37,898; net,
excluding interest, $9,199.
Road— Barre to Montpelier, Vt., 9*a miles, opened June 30, 1898.
OFFICERS— Pres., J. J. Flynn, Burlington, Vt.; Vice-Pres. and Sec,
H. K. Bush, Barre, Vt ; Treas., A. O. Humphrey, Burlington.

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

BEAVER FALLS, PA.
BEAVER VALLEY" TRACTION-A

trolley road.

June 29, 1891, and owns
entire capital stock of Beaver Valley St. Ry. Oo. and of Central Elect.
St. Ry. Co., purohased Aug. 8, 1891, operating them as one road under
999-year lease. Charter and franchise perpetual.
In 1900 stock was increased from $300,000 to $1,000,000, and then
purohased the stock and property of the People's Electrio Street Ry.
of Rochester, the College & Grandview Electric Street Ry., the Rochester & Monaca Electrio St. Ry. and the Beaver <fe Vanport Electric
St Ry.; also owns entire capital stock of Rivervlew Eleo. St. Ry. Co..
the Freedom & Conway Elec St. Ry. Co. and the Vanport Eleo. St.
Ry. Co none of which have any separate bond Issues. In Jan., 1902,
authority was given to increase stock from $1,000,000 to $1,500,000.

Organization— Incorporated

in perpetuity

,

STOCK

&

Bonds—

Date.

it'k ($1,500,000) par $50
1st mortgage, $150,000,

\

Interest.

1891

6g.J-J

Outstanding.
Maturity.
$1,075,000
150,000
July 1,1911

gold
o \lnt. at Union Tr. Co., trustee, Pittsb'gh, Pa.
2dmortgage,gold,($500),J 1895 6 g. A-O
100,000
Oct. 1, 1915
o* \ Int. at Union Trust Co., trustee, Pittsburgh.
$100,000
1900 5 «- A& °
675,000 Oct. 1, 1950
1st con mortgage gold (
Int at Pa Co. for Ins. on Lives & Granting
<bi nnn
$1,000,000 (»i,ooo)..c 1 Annulties> p nl ia., Trustee.
£
Gen. mort., gold, $3,000,- > 1903 5g. M-N
500,000 Nov. 1, 1953
o* \ Int. at. Northern Trust Co., Phila., trustee.
000 ($1,000)
People's El. St. Ry. 1st
6
50,0)0 May 1. 1912
People's Elec. Street Ry. J
25,000 Feb. 20, 1915
6 F<fcA.
2d mort
I Interest at Union Trust Co., Pittsburgh.
Loans Sept. 30, 1904, $235,000.
Bonds— Of the $1,000,000 consols, $325,000 are reserved to
retire underlying bonds. Bonds are redeemable at no and accrued interest; V. 71, p. 913.
Of the new general mortgage for $3,000,000,
$1,000,000 are reserved for prior liens and the remainder for extensions and improvements at 75 p. c. of cost. The new bonds are redeemable in any amount at any time at 110 and interest. See V. 77,
p. 2158.
Road—Owns and operates 32 miles of track, connecting th-i various
towns and boroughs in the Beaver Valley, from Mora<l ''.irk southerly via Beaver Falls to Beaver and Vanport and to Rochester and
Conway. Laid with 90 lb. and "3 lb. girder rails. Extensions planned.
Owns 50 cars, with street sprinkler and snow-sweeper.
EARNINGS— For fiscal V<>ar ending Sept. 30, 1904, gross, $233,017.
net, $96,796; charges, $79 ,91; surplus, $17,003.

Si Li

S

M

-

-

M&N

>

;

:

STREET RAILWAYS.

44

Officers— Pres., Sydney L. Wright, Phila Vice-Pres., W. Frederick
Snyder; Seo'y and Trees., Walter T. Bilyeu, Phila.; General Manager,
Qaylord Thompson, Beaver Falls —V. 77, p. 1224, 2158.
;

[Vol, lxxx.

STOCK & BONDS—
Birmiff'hflm Rv Tt A P
V
B

Outstanding. Maturity.
$3,303,000 July 1, 1951
Colony Trust Co.. Boston,
a»
.
1st con. M., $6,000,Trustee, or at Com. Nat. Bank, New Orleans,
000 ($1,000) gold.. .o*
or at j.adenburg. Thalmann & Co., N. Y.
$2,592,000 Apr. 1, 1954
Gen
ref *10 000 < 1904 4
fnf
at Commercial Tr. & Sav. Bk., New Orl..
akn^' iinnm' „'. 3
uuu, g. ($i,uuu)... c ^
Tl U8t ee, or at W Y.Security & Trust Co N.Y.
Bonds- Of the new $10,000,000 mortgage $?,000,000 have been exchanged for old bonds and $5 P 2, 000 sold; $2,000,000 are reserved for
improvements and betterments. Mortgage gives authority to retire remaining prior bonds nt llf>, and also allows enough more
bonds to be issued to yield 3^ p. o. in cash. See V. 79, p 680. The
bonds are subject to call on and after Air. 1, 1909, at 105 and Interest.
For the 1st 5s of 1894 $12,500 per annum is payab.e into a sinking fund. Of the mortgage ot 1901, $1,250,000 was reserved to take
up the $1,250,000 Birmingham Ry. & Electric issue. Entire issue of
these bonds may be called after 5 years at 110 and accrued Interest.
See V. 74, p. 426.
Dividends— First div.on pref. stock of 3 p.c paid in Jan., 1902; July,
1!02, 3 p.c. In 1903, 6 p. c In 1904, 6 p. c
In 1905, Jan 3 p c.
First div on common stock, II3 p c, July 1, 1S03. In 1904, Jan., 1*3
p. c; July, 2 p. c. In 1905, Jan., 2 p.
EARNINGS.— For calendar years:
1902.
1901.
1904.
1903.
Gross earnings
$931,^39
$1,424,146
$1,311,852
$1,076,767
Interest

Date.

WrMonn L^

1901 Sg.

f

J.-J.

OM

)

(

BELLINGHAM, WASH.
WHATCOM COUNTY RAILWAY & LIGHT
CO-a™'
16 !' road.

in New Jersey on Nov. 2«. 1902. Conand gas iuterests of nellingham and the
power business of Fairhaven section of
36 years from Jan. 1. 1904.

ORGANIZATION— incorporated
trols the entire street railway
entire electric lighting ;md
the city. Franchises average

STOCK & BONDS—
Common, $750,010, ($100.)

^'a^^X

n

M

* 10(

C"

*

Dale.

Interest.

6

M-S

Maturity
$750,000
199.000 Mar.'OS, 3%
510,000 Nov. 1, 1932

Outsland'q.

5g. M-N
let nuntgage, $7 50,000) 1902
Int. at City Trust Co., Boston, Trustee.
o* S
gold .. ..
Stork and Bondt— Preferred stoca is redeemable at 110; $240,000
of the bonds are reserved for improvements and extensions at 80 p. o.
of cost. A sinking fund ot 1 per cent o bonds outstanding after
1908 Is provided, and bonds purchased are to be kept alive.
Bonds subject to call any interest date as a whole at 105 and interest.
Dividends- First semi an. div. on pref 3 p. c, March 1, 1904, and 3
p o was again paid on Sept 1, 1904. In 1905, March, 3 p. c.
Earnings— For 2 months ending July 31,1904, gross, $161,554;
net, $51,043; charges, $24,210; surplus, $29,833.
ROAD— Operates 16-23 miles of track.
Office R !—Pres., Chas. D. W vncan; Vice Pres . J. W. Hallowell; Sec,
Sec, H-nrj It Hayes: Treas., A Stuart Pratt, Gen'l Mgrs. and Trans
fer Agents, Stone <fc Webster, Boston, Mass.— V. 78, p. 990.
,

HA'0

M

.

,

,

Operating expenses

790,492

583,550

707,6»9

488,206

Net earnings

.. .
$6:3,654
$604,153
$493,217
$443,333
February, 1905, owned and operated 112 miles of track
In city of Birmingham, and extending also to Bessemer, Pratt City
and Ensley; various extensions in progress. Standard gauge 70 to 86
lb. T and girder rails. Operates 112 motor cars, 41 trail cars and 19

Road— In

freight cars.

BIDDEFORD, ME.

BIDDEFORD & SACO

RR.-An electrio road.

Officers— Pres.. Robert Jemison, Birmingham; Vice-Pres.. A. H.
Ford. New York; Vice-Pres. and Gen. Mgr.. J. A. Emery; Sec'y, J. P.
Ross; Treas. and Aud., C. O. Simpson.— V. 79, p. 690, 2794.

ORGANIZATION— Incorporated Feb. 19, 1887. Owns and operates''
miles of ror.« between Saco, Biddeford and Old Orchard Beach.

&

Dale. Int'st. Outsland'g. Maturity.
BONDS—
$100,000 3%Oct.,'03
Stock (par $50) ($100,000 auth.)
Junel,'40
1st mortgage *300,000 ($1,000) ) 1900 4 g.J-D 150,000
No s. f. but can be > Interest at Portland Trust Co.,
gold c*.
Portland, Me., trustee.
)
called in 1920
..
$22,000
Notes payable June 30, 1904
Net.
Interest, etc. Dividends. Snrp.
Tr8.end.June 30. Gross.

STOCK

$5,326
$15,889
$7,563
$3,000
13,632
4.019
7,126
2,487
16,915
6,943
9,972
1901-0?
OFFICERS— President, C. H. Prescott, Biddeford; Secretary and

1903 04

$58,498
56,991
48,870

190203

treasurer, E. F. Lord.— V. 70, p. 1048; V. 73, p. 494.

BINGHAMTON,

BLOOM1NGTON,

ILL.

BLOOMINGTON & NORMAL RAILWAY
ELECTRIC & HEATING CO--A trolley road.
Organization— Incrp'd In 1902 In 111. as a consolidation of the BIooikington Electric Light Co, the Bloomington & Normal R>. and the
City District, Heating Co. Comprises all the street railway lines in
and between Bloomington and Normal. Also furnishes electrio light
and power in Bloomington and Normal, hot water heat for business
houses and rtsidences and compressed air for various purp ses.
Principal franchises perpetual.
Maturity.
Date. Interest. Outst'd'g.
STOCK
BONDS—
Stock, $6'<-'0,u00, $100
$500,000

&

First mortgage $600,000)1902 5g. J-D
600,000 June 1,1927
($1,000) gold, s. f ....c* \ Int. at 111. Tr. & Sav. Bk., Chicago, Trust.
Bonds— Bonds are subject to call at 110 and interest. Sinl ing fund.

N. Y.

Aggregate Population Direedy Served. 60,000.

RAILWAY CO--A
BINGHAMTONa consolidation, under date
Ihis

$10,000 annually, beginning with 1908.
Strike— car men failed to return to work Jan 1, 1904, but company
hired non-union men; strike was declared off Aug. 5, 1904, and bo,j cott

trolley road.
is
of Deo. 6, 1901,
Organization—
of the Bingbaruton Railroad Co. (chartered Aug. 11, 1892, as a consolidation of all the street railways in the city) and the Blnghamton

raised.

Lestershire

Road— 22 miles of trolley track, 70, 60 and 45
of way between Bloomington and Normal.

STOCK

&

& Union RR.
BONDS—

Outstanding.
Maturity
$801, *50 Apr., '04,2%
1890
6A-0
173,000 Apr. 1, 1910
Metropolitan Trust Co., N. Y„ Trustee.
1908-1917
$15,000
($5,000due yearly Mar. 1.)
1893 5gJ-J
1918-1922
50,000
($10,000 due yearly Mar. 1)

Date.

Btock.$l,150,000,par$100

Blnghamton Street RR.

>

1st mort. $200,000.

Blnghamton RR. Co. M.,

Interest.

$900,000, g. $1,000- .c*
(See text) Interest at Mettropol.Trust Co., N. Y.,
$589,000 due Mch. I, '23
Trustee.
5gJ-D
$147,000 June 1,1925
Bine. Lest. & Un. 1st M. 1895
Interest at Metropolitan Trust, N. Y.
$250,000) gold, prinBlnghamton Trust Co., trustee.
cipal and int. guar.
5gM-N $508,000 Nov. 1, 1931
Bing.Rv.lstConsol. Mort. 1901
($2,500,000) gold, ($1,- 1 nterest at Fidelity Trust Co., Buffalo, Trus
o* tee, or Seaboard National Bank, Ne^ York.
000)
Bonds- Of the bonds of 1SQ3, $95,000 mature In instalments as indicated In the table, and the remaining $767,000 mature Mar. 1,1923.
Of the 5900,000 authorized $200,000 are reserved to retire the 6s of
1910 at maturity, $27,000 of which have been retired..
Of the new bonds of the Blnghamton Ry. Co., $1,160,000 were Issuable against the retirement of corresponding amounts of prior lien
bonds ($40,000 of which have been issued), $150,000 were issuable
Immediately, $200,000 upon oertaln specified conditions and the remaining $1,000,000 only upon the written request of 51 per cent of the
stock and consent of State RR. Commit sion. The requirements as to
this last million were complied with in Jan., 1904 (V. ?8, p. 701). The
bonds are subject to call after Nov. 1, 1911, at 110 and Interest. See
V. 73, p. 1312.
Dividends— 2 p. o. was paid Jan. 31, 1902; 2 p. o. March 3, 1903, and
2 p. o. April 11,1904.
Road— Operates 44*50 mllesof track. Connects Blnghamton with Lestershire, Hooper, Endlcott, Union and Port Dickinson. An extension
from Union to O^ego is proposed. Standard gauge, 60 lb. to 94-lb. T
and girder rail; 73 motor cars and 40 trail cars.
Annual Report— Figures for years ending Pec 31
1904.
1903.
1902.
- .

Grossear'ings
Operating expenses

.

i

$251,230
136,5€9

$211,127
122,165

$114,661
81,656

Net earnings
&o

Interest, taxes.

$238,272
127,325
$110,947
75,022

$88,962
65,647

Netincome...

$33,C05
$35,925
$23,315
OFFICERS— President, G. T. Rogers; Vice-President, Geo. E. Green;
Secretary, J. M. Johnson; Treasurer, H. C. Hardie; General Manager
and Purchasing Agent. J. P. E. Clark, Office, Blnghamton, N. Y.— V.
V. 73, p. 1263, 1312 V. 77, p. 247; V. 78, p. 342, 701; V. 79, p. 1 649.
;

BIRMINGHAM, ALA.
BIRMINGHAM RY. June
LIGHT & POWERORGANIZATION-Consolidation on
1901, of the Birmingham

13,
Co., the Consolidated Electric Light Co. and the Birmingham Ry.
Light A Power Co. Comprises all the street railways, gas and electric
light plants of Birmingham and Jefferson County.
Franchises perIn June, 1903, a new steam heating plant was put in
petual.

Gas

operation. Owns and operates the Bessemer, Ala
Electric Plant.
In 1904 company made a new general mortgage for $10, 000,000,
and holders of the old 5 p.c. bonds were given the privilege to make ex
change on the basis of llo In new bonds and 3>* p. c in cash. V. 78,
p. 2598.
Date. Interest. Outstanding. Maturity
BONDS—
STOCK
Com. s'k, $100, $3,500,000
$3,500,000 Jan. ,,'05,2%
Pref. Stock ($100) 6 p. C )
r
T
K.nn nnn
t
,«= on,
J_J
,

&

Jan.,'05,3%
2,500,000
\
$2,500,000 cum
B'ham Ry. & El. 1st M. )
1894 5g. J - J
1,191,000 July 2, 1924
g., $1,250,000, $1,000. J Int, at Birmingham Trust & Sav. Co., Trustee.
'

EARNINGS- Year ending May

31, 1803, gross, $158,664; net, $71,242
lb. rail.
Private right

OFFICERS— President, A. E. DeMange; Vice-President. John Eddy
and Treas., J. F. Evans, all of Bloomington, 111.— V. 74, p. 1253.

Sec.

BLOOMSBURG,

PA.

COLUMBIA & MONTOUR ELECTRIC RY.OrqanizatiON— Incorporated
Date.
Stock & Bo^DS—

Stock, $375,000 ($50)
1st mort., $375,000, g.
($500 and $1,000). c&r

>

in

Pennsylvania in 1892.
Interest. Outstand'g.

1901

5

g.

JJ

Vaturity.

$375,0C0
.51,000

Oct.. '04,

2%

1931

$ Int. atComuiouwe al:hTr.Co..Harrisb.,trust.
Earnings— For fiscal 3 ears endin? Jute 30 (In 1901, owing to
floods, roai was not In operation from Jan. 24 to April 20.):

Tear.

Gross.

Set

Fixid charge

.

Surplus.

$18,8: 2
$1 1,073
1904
....$58,947
$29,925
15,817
61,033
1903
32,635
16,818
Dividends— First dividend- 2 p. c— was paid Oct., 1903; also 2 p. c.
Oct., 1£04.

13 miles of track from Bloomsburg to Berwick and
to Catawiesa. To at, IS 1* miles. Standard gauge. 56-lb. T rail. An extension of 6 miles towards Orangeville and Light Street is propo-ed.
Officers— President. B. F. Meyers; Vice-Pres.. E. R. Sponsler; Sec.
and Gen. Man., D. G. Haokett; Treas , W. M. oglesby.

Road— Operates

Similes from Bloomsburg

BOSTON, MASS.

BOSTON ELEVATED RAILWAY.Organization— Charter, granted in 1897, pros ides for an extensive
system of free transfers. The company also, In addition to regular
street railway taxes, has to pay on all lines owned, leased or operated
by it 7e of 1 per cent of gross income and a sum equal to the excess of
the dividends over 6 per cent. Its charter, however, is understood to
" grant it exemption from reduction of fares, and also other immunities."— (See Massachusetts RR. Commission, V. 65, p. 1223.) Cars are
run with electricity by the "third rail" system. V. 67, p. 318. Six
miles of elevated road opened in June, 1901; in August, 1£ 01, put in
operation the Atlantic Ave. Loop Division.
Lease of West End and Subway and Tunnels.— The West End Street
Ry. is leased until June 10, 1922. In Feb., 1905, petitioned the Legislature for permission to absorb the West End, issuing rew stock,
both common and preferred, share for share, in exchange for West
End stock. See V. 80, p 649.
In Dec, 1896, the West End Street Ry. leased the right to use the

See terms under West End St. Ry.
Dec. 24, 1904. the East Boston tunnel (under boston Harbor) was
leased by the Boston Elevated Ky. until June 10, 1922, for a rental
of % of 1 p. c of earnings of all 1 nes owned, leased or operated. The
company also collects a toll of 1 cent per person, which goes to the
city. The tunnel was opened Dec. 30, 1904. It extends from tte
main land to East Boston, 14 miles, and cost over $3,:. 00,000.
On June 28, 1902, Washington St. Subway bill became a law. The city
is to construct a tun nel for Elevated trains and lease same to the Boston
Elevated Ry. for 25 years at a net rental equal to 4 * p. c. on the net
cost, estimated at $> ,000,000 to $S,< 00, 00. Proposition was ratified
by voters at the Dec, 1902. election. V. 75, p. 28, 496, 1315. On Nov.
19, 1903, the Railroad Commission decided in favor of the company
in its contention for the Washington St. tunnel, as against the Devonshire route selected by the Rapid Transit Commission. V. 77, p. 2097.
All necessary legislation has now bten secured and construction is

Boston Subway.

On

1

under way.

on April 29, 1903, leased from he Old Colony Street Ry. all that
company's tracks in the city ot Boston, amounting to 23 "753 miles.
The lease is for 99 yehrs and provides that besides paying taxes the
Elevated Co. will pay 6% per cent of replacement value (appraised
1

at $353,979, less the rental of certain shoi t pieces of track appraised

STREET RAILWAYS.

Feb.. 1905.]

45

at $13 866) of the property leased as of date Feb. 16, 1903, and 4 per
oent on the cost of all additions and betterments
Damages from Noise.-ln Aug.. 1902, Judge Mason, in the Superior
Court at Boston, held that the company is liable for damages from
V. 75, p. 496. This was
nnise caused by the operation of trains
affirmed April, 1903, by Massachusetts Supreme Court. V. 76, p. 809.
q Tnrl< __Capltal stock outstanding (amount authorized is $15,000,000 is $1 3.300,000 (shares $100). $3,300,000 having been sold at
$155 per share in 1902. First dividend, 2H per oent. was paid Aug.
15 1898. In 1899, 5H p. c; in 19(0, 4*fl p c; in 1901, 5% p. c; In
1902 6p c: in 1903. 6 p. c; in 1904. 6 p. c; in 1905, Feb., 3 p. p.
The company has no direct bonded debt, but the R«. Commissioners
part
have been applied to for permission to issue $7,500,000 bonds,
to extend the elevated structure from Dudley St. to Forest HilJs.
Annual Report— Report of_ Boston Elevated By. for year ending
78, p. 100.
Sept. 30, 1904, V. 80, p. 160. For 1903,
1902 5.
1901 02.
1903-04.
'241,681,945 *233, 563,578 222,484,811
Revenue passengers

8tock, $525,000 ($100)
$525,000 In 1903-4 1%
1st mtge., $500,000 ) 1900
4^ g.A-O.
350,000 Apr. 1, 1920
gold ($1,000)
o* 5 Interest at Beacon Trust Co., Boston, Trustee.
Bonds are subject to call before July 1, 1905, at 110, then until
July 1, 1910, at 107ifl, and thereafter at 105. Of the $500,000 authorized, $150,000 are reserved for extensions, eto.
Road— Owns and operates 27-67 miles of track, leases 5 miles, total,
33 miles, extending from Arlington Heights (the terminus of Boston
Elevated system) through Lexington and Bedford to Billerica, where
cars go through to Lowell without change, and also to the Sullivan
Square, Charlestown, Station of the Boston El. Ry with branohes to
Waltham, to Concord and to Woburn; laid with 90 "a lb. girder rail and
60 to 70 lb. T rail; operates 116 motors, 17 box and 31 open oars;

Oar miles run

total,

m

47,688,487
45,999,999
48,317,381
$12,391,353 $11,959,515 $11,321,030
3,7o9,80O
3,699,654
3,458,458
59.857
45.240
$3,759,511
$3,458,458
$3,805,040

Gross earnings
Net earnings
Interest on deposits

Total net

Deductions—
Interest on West

End debt. . . .
Taxes, West End
Taxes, Boston Elevated
Compensation tax
Rental of subway
Dividends on West End stock.

$6*4,616
501,762
312,043

$629,600
517,209
301,322
106,«87
197,206

$625,767
509,780
244.704
99,059
198.993

11.3.214

197.892
1,163,849
9,180

1.147,950
1,180,752
9.180
9,180
Other rentals
33,111
Bental to Old Colony St. Ry. ..
"j',127
Miscellaneous interest
$826,955
$621,fc98
$829,773
Balance
(6%)798,000 ( 6%)798.000 (6%) 600,000
Dividend
$28,9oa
$21,898
$31,773
Surplus for year,
* Also 1 39.000,000 and 130,0»0,000 (estimated) free transfer passengers In 1903-4 an! and 1932-3, respectively.

—

Mileg.
ROAD—Sept. 30, 1904.
Mainline, lsttr'k(6»« m."L")216»a
2dtr'k(6*«m.' L").ieO
do
48
Sidings, &0. (3 m. "L")
,

Mileg,

Owned by West End

380

Leases,tr'kage,etc(16m."L") 64*3
Total (16 m. "IT track)

444^

436
444^ Electrically equipped
Total (16 m. "L")
Weight of girder rail is 70 to 100 lbs. Cars, 3,411; horses, 278; eleotrlo motors, 4,763; snow plows, 305; snow sleds, 576; miscellaneous
vehicles, 534.

OFFICERS— President, William A. Bancroft; Vice-President, Charles
S. Sergeant; Treasurer, William Hooper; Secretary, John T. Burnett;
Auditor, H. L. Wilson.— V. 80, p. 116, 160. 649, 710.

WEST END STREET RAILWAY—A trolley road.

Organization— Leased to Boston Elevated RR. until June 10, 1922,
at 7 per cent on common and 8 per cent on preferred in addition to the
payment of rentals, interest and other charges. Elevated assumed
possession Jan. 1, 1898. See terms in V. 65, p. 570.
In December, 1896, leased the right to use the subway at 4 7s per cent
Of the net cost of subway, stated approximately as $5,786,000 in
September, 1898, when the third and last section was opened. Entire
length is 123 miles, with a trackage of about 5 miles. See V. 63, p.
1065, 1117; V. 67, p. 528.
In Aug., 1904, issued $150,001 additional stock to pay for improve
ments. eto. See V. 79, p. 214, 787. Sept. 1904, issued $750,000 additional bonds of 1932. bringing amount up to $5,009,000; $20J,000
more to be issued to retire bonds due May 1, 1903.
Date.
Interest.
Outstand'g Lastdiv.,<6c.
Stock and Bonds—
7
A.-O. $9,689,250 Oct., '04, 3*a
Common stook ($50)
8
J. -J.
6,400,000 Jan., '05, 4%
Preferred stock (par $50)
1894 4>ag.M.-S.
2,000,000 Men. 1,1914
Gold bonds of 1894
1

1896

4

^00?oto°nymo rt.oi 1897

*
4

°|^275!«&,not mo^..
7

}

* M -"N

-

815,000

May

1,

1916

*-A.

2,700,000 Feb. 1, 1917
F.-A.
4,741,000 Aug. 1,1915
Cur. bonds, 0., $1,000, ; 1900
Interest at Old Colony Trust Co., Boston.
5
not mortgage
1902 4
F.-A.
5,009,000 Aug. 1, 1932
Bonds o* ($1,000)
Interest at Old Colony Trust Co.
J. -J.
500,000 Jan. 1,1907
Boston Consol. St. plain... 1887 5
1883 5
M.-N.
200,000 May 1, 1905
South Boston, plain
OFFICERS— President, Joseph B. Russell; Treas., Parkman Dexter.
INDEX—V. 79, p. 105, 214, 271, 602, 682, 787, 1267; V. 80, p. 652.
«•

HORSE RR—

Owns 8-04 miles of track. Leased
(2) SOMERVILLE
to West End Street Railway for $9,180 yearly, 6 p. c. on $153,000
Dividends are payable (MAN) in Boston.
stook.

BOSTON SUBURBANELEC COMPANIES-

—A trolley system.

Organization.—This oompany is a voluntary association formed in
Nov., 1901, on the same lines as the Massachusetts Electric Companies. The properties controlled are the Newton Street Railway Co ,

Ry. Co., Lexington & Boston St. Ry. Co., Nutick
8outh Middlesex Street Railway, Natick &
Needham Street Ry., Waltham Street Ry. and Westboro & Hopkinton
The entire Issues of the stock of these roads have been
Stroet Ry.
acauired. In 1902 secured entire ($235,000) capital stock of the
Waltham Gas Light Co.; V. 74, p. 377. [The Waltham Gas earned
$185,920 gross, $49,910 net, and $25,602 surplus above dividends
In year ending June 30, 1904.] In 1902 also purohased Norumbega
Park and Lexington Park.
STOCK.— Shares have no par value, but in oase of liquidation the
preferred shareholders will be entitled to $100 per share, with accrued dividends the common shares participating pro rata in the
remaining assets. (See V. 73, p. 1159, 1263.) In 1904 15,635 shares
of pref. and 15,635 shares of common were offered to shareholders at
$66 67 for one share of pref. and one share common jointly.
Date.
Dividends,
Bate. Ou'standi'g.
Common stock, $5,000,000
$4,775,600
Pref. Stook, $5,000,000, 4 )
a Q" t
a nan enn i.« 1 « >n* \~ol
4 r\ J
4,690,600 Jan.l6,'05,>«%
p. c. com. ($100). ........ J
Road.—Companies owned and controlled operate in the aggregate
about 141 miles of track from Needham on the south to Lowell on the
north, and oonneoting at six points with the tracks of the Boston
Elevated Ry. At Westooro connection is made with the Worcester
Consolidated and a through line of cars Is to bo Inaugurated between
Worcester and Boston.
Dividends— First of 1 p. c. on pref. paid Apr., 1902; also 1 p. o. July,
1902. and 1 p. o Oct 1902. In 1903, 4 p. c.
In 1904, Jan., 1 p. c;
April, ** p. c; July, 1* p c; Oct. ^ p. 0.5 in 1905, Jan., ** p. 0.
Report -For flsoal year ended Sept. 30, 1904: Income, gross,
$102,283; net, $100,083; dividends, $93,303; surplus, $6,780.

Newton A Boston

I

LEXINGTON & BOSTON STREET RY.-TroUey.

)

Organization—Incorporated
May, 1900.
Date.
Stock & BONDS-

St.

& Cochituate Street Ry.,

;

,

OFFICERS— President, Adams D. Olaflln; Vice-President, Wm. F.
Hamniett; Treasurer, Frederick H. Lewis, Seoretary, Jerome O.
Smith. -V. 76, p. 751; V. 77, p. 1224, 1873; V. 78. p. 1222, 2383, 2441.

in June, 1899.
Interest.

Operation begun In
Maturity.

Outstanding.

,

48 cars; 6 snow plows.
EARNINGS—Year to Sept. 30. 1904: Gross. $161,996;

net, $37,244;
charges, $46,993; dividends, $5,250; deficit, $15,004; total surplus
Sept. 30, 1904, $2,104.

(2)

NATICK & COCHITUATE ST. RY.—Trolley

road.

Organization— Stock, $100,000, par $100. No bonds. Dividends-—
Tn 1898-99 to i»02-03, inclusive, paid 8 p. c. per annum; in 1903-04,
2 p c. 18 miles of traoK. Earnings— Year to Sept. 30, 1901: Gross,
$88,438; net, $12,416; charges, $11,070; dlvidends,.$2,000; def.,$654.

(3)

NEWTON STREET

Ra.ILWAY. -A trolley road.

Organization—Chartered in 1887. In July, 1903, permission was
given to issue $185,000 additional stoik at $L25, imreasiug stook
to $500,000. In Dec, 190 J, the Railroad Commission authorized an
issue of $2;J2,000 stook, share for share, for the stook of the Commonwealth Ave. Street Ry. and $115,000, share for share, for htook of the
Welleslev & Boston St. Ry.
V. 77, p 2093. In June, 1901, Issued
$250,000 bonds of the issue of 1892 to take up debt Incurred by expenditures for improvements.
,.

STOCK ifc B_0_NDS—
Stock ($907,000, par $100)

Date. Interest. Outstand'g.

Maturity.

Q-J
$907,000
See text.
not } . QQ r>
St. Ry
18a<4
5 J-J
500,000 July, 1912
subj. to call ($500) $500,000 l
Interest payable at American Loan & Trust Co. trustee, Boston.
Conam. Av. 1st mort., $75,000 J 1896 5 g. F-A
$?5,000 Feb. 1, '16
($500), g
o'l Int.atIntern'lTr.Co.,B08ton,Trustee.
Dividends of 1*3 per cent have been paid each quarter.
Road Owns from Newton to Waltham, Watertown, etc., 13'30 miles
track (measured as single); sidings, etc., 0-57; trackage, 2*49; total,
16-36 miles; Commonwealth Ave. St. Ry., 7*62 miles; Wallesley &
Boston St. Ry 8 66 miles; total operated, 38 24 miles.
Annual Report—For years ending Sept. 30 earnings (1901 figures

Nawton

...

1st M., cur.,

,

—

only, are a/ler consolidation)

Companies Controlled by Boston Elevated Ry. Co,
(1)

(

were

1904.
1903.
Gross earnings.$283,542 $135,303

Net

77,567
66,833

37,172
31,954

Int., taxes, etc.
-V. 72. p. 581; V. 73. p.

:

1904.

I

|

I

1903.

Balance fordivs. .$10,734 $5,218
Dividends paid... 20,7 10 18.900
Deficit
10,006 13,682

843, 1011, 1112; V. 77, p. 37, 147; V. 77; p.
2098; V. 78, 2442, 2599.

(4)

NEWTON & BOSTON STREET RAILWAY—Trolley.

STOCK

&

BONDS—

Date.

Interest.

Maturity.

Outstanding.

$200,000
200,000

8tock,$250.000,pr.$100
IstM. for $500,000.... < 1892

5 J-J
July 1, 1912
Not subject to call. I Int. pay'le at Am. L. & T. Co., trustee. Boston.
Dividends— In 1898, 5 p. 0.; in 1899, Jan., 1>4 p. 0.; in Apr., 1H p. 0.
July, 1899, and since passed.
Road—Owns 9% miles of trolley. Operates Newton ville & Watertown St. Ry., 3>4 miles, under lease of 1897. Total trackage, including
sidings, 20-4 miles.

EARNINGS—Foryear ending Sept. 30, 1904, gross, $62,075; net, $2,339; interest, taxes, etc, $30,340; balance, deficit, $27,941.
(«)

NEWTONVILLE & WATERTOWN STREET

RY.-Trolley.

Organization— Operates about 5 miles of track. Stook, $50,000; outstanding, $50,000; par $100. Unfunded debt Sept. 30, 1904, $59,650.
No funded debt. Operated by Newton & Boston St. Ry., under lease of
1897, at a rental of 7-2 per cent per annum on ihe stock, payable
February and August.
Dividends— In 1903, Feb., 3*60
3-65 p.

(5)

0.;

Aug.,

360

p.

c; Aug., 3-6 p.

0.

In 1904, Feb.

p. o.

SOOTH MIDDLESEX STREET RAILWAY—Trolley.

&

Maturity.
Interest. Outstand'g.
Date.
BONDS—
STOCK
Stock ($100)
See text.
See below. $100,000
Feb. 1, 1915
5g.F-A
100,000
1st M., $100,000, gold. 1895
Interest payable at International Trust Company, Boston.
Current liabilities Oct. 1, 1904, $251,043.
Dividends : In 1894, 6 p. 0.; in 1894-95, 2% p. c; in 1895-96, 4 p. c;
1896-97, 5i« p. c; 1897-8, 6 p. c; in 1898-99, 6 p. c; in 1900-1, 6 p. 0.;
in 1901-02 and 1902-03, none.
Road— Owns 13-8 miles of track; rails 45 and 50-lb. T; has trackage
rights over 5-7 miles additional; total operated, 19-5 miles.
Earnings—Year ending September 30, 1904, gross, $69,591; net,
$1.1,017; charges,

$ 7,548; surplut, $3,469.

(a)

NATICK A NEEDHAM STREET RY.-Is

(6)

WESTBORO & HOPKINTON STREET RY.-

leased to South Middlesex St. Ry. at rental of 4 p. e. on the *50,000 stocK and Interest on
bonds. Has outstanding $50,000 of 5 p. c. first mortgage gold bonds
due Feb. 1, 1921. Operates 5-822 miles of track.
in 1901, and owns road from Westboro
Hopkinton, 6-36 miles. Stook, $40,000, par $100. Bonds, first mortEarnings for year ending
fage, 5 pc, $40 000 due Nov. 1, 1922.

Organization— Incorporated

to

opt. 30, 1904, gross, $13,606; net, $957; fixed charges, $2,765; deflolt,

$1,808.

MASSACHUSETTS

ELECTRIC

NIES.— Eleotrio light and street railways.

COMPA-

Organization—Formed In May, 1899. Is not an incorporated
company, but a voluntary association managed by a board of fifteen
trustees, who hold the title to its assets. Messrs. E. Rollins Morse A
Bro. and Tucker, Anthony & Co. of Boston, who promoted the combination, in June, 1899, in offering some of the stook for publio subscription [$1,000 of preferred and $500 common was offered for

$1,050], stated that "the Declaration of Trust contains strlot provisions against the creation of any indebtedness whereby any shareComprised
holder or trustee can be held to any personal liability.
originally between 30 and 40 separate properties, but through consolidation there are (n >t counting the Georgetown R >wle7 & Ipswioh St.
Ry. and the Haverhill Georgetown & Danvers St. Rv\, acquired in
1904) only two operating companies, namely the Boston & Northern
St. Ry. and the Old Colony St. Ry., besides the Hyde Park Electrio
Light Co. The following is a list of the oompanles controlled, with
their share oapltal Sept "30, 1904:
'

STREET RAILWAYS.

746
COMPANIES CONTROLLED SEPT.
Boston & No. St Ry. Co... 96,600
Old Colony Street Ry. Co.. 68,126

Georgetown

&

Rowley

Ipswich Street Ry

30,

Stock

1904
Shares.

Shares.

Georgetown &
Danvers Street Ry
Hyde Park Eleo. Light Co.
Haverhill

600
2,875

1,800
...170,001
Total
Of the above 170,001 shares, practically all were at the date given
owned by the Massachusetts Eleo. Companies. The system comprises
electrio street railway lines in 22 cities and 66 towns in Eastern Massachusetts and Rhode Island. The companies given cover the greater
Sart of the street railway mileage north of Boston as far as Nashua,
H.. and Newburyport and Gloucester, Mass., and south as far as
Fall River and New Bedford, Mass., and Newport, R. 1., connecting directly with the street railway system of Boston. Various electric lighting companies doing business in the same section are also lnoluded.
Bonds.—The share capital is represented by certificates
Stock
of participation, which give the owners a proportionate interest in
the (.hares held by the trustees. Both classes of shares are reported
exempt from taxation in Massachusetts. Listed on the Boston Stock
Exchange in April, 1901. $5,500,000 preferred stock was authorized
May 29,1902, and sold to a syndicate. This additional stock is included
In total below. [See V. 76, p. 871, for disposition of syndicate holdings.]
For consolidated balance sheet of companies controlled, sre F.79, p. 2693;
this balance sheet shows $16,760,100 aggregate stock of the controlled
companies, $15,159,500 funded debt Sept. 30, 1904, and $2,430,500
notes payable to outsiders.
IHvidends.
Dale.
Rate. Outstand'q.
a r $1 .°
C
$14,293,100
.

&

mT2VlOof:..F

P

..

.

S

J&J 2 °. 557 400 Jul ^ '° 4 2 %
Conp.notes$3,56o,0o6,'g.7red. ) 1901 4*sg. J&J 2,700,000 Jan. 1, 1906
on a 4% basis after Jan. 1, > Int. at Old Colony Trust Company,
557 400& p" S..?™ }

4

'

'

'02,on4wks.notice,$l,000.o ) Boston, trustee.
The $2,700,000 coupon notes were issued to enable the Mass. Elec.
Cos. to take $1,297,300 new stock of the Brockton Street Railway and
Boston. These stocks are depos$1,016,000 new stock of the Lynn
ited as collateral for the notes; $800,000 more notes may be issued to
purchase any additional stook which may be authorized by any of the
constituent companies. See V. 79, p. 2693.
Report.— Report for year ending Sept. 30, 1904 (see Chronicle
Deo. 17, 1904, p. 2693), shows receipts from dividends, $466,016; from
Interest on notes, etc., $105,181; total, $571,197; expenses, $15,223;
Interest, $121,500; dividends on preferred stock (4%), $616,722; defloit, $182,248.

&

CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COMPANIES.*
1902-03.
1901-02.
1900 01.
Sept. 30— 1903 04.

Tear end.
Earnings

$«, 3^0,863

x Expenses

4,479,520

Net earnings

$1,901,34'*
1.462,t>26

x Charges

86,090,168
3,827,372

$5,778,133
3,915,486

$2,178,002 $2,262,796
1,331,147
1,391,239

$1,«62,648
937,206

$43^,717
466 003

$846,855
840,233

$871,557
676,390

$925,441
779,462

def.$27,2£6

$6,622

$195,167

$145,979

Divisible income.

Dividends

Balance

$6,383,911
4,155,909

* Not including in anv of the years ihe Georgetown Rowley & Ipswich or the Haverhill Georgetown & Danvers.
x In 1900-01 taxes were included in operaiing expenses; in 1901-02,
in 1902-03 and 1S03-04 in charges
Latest Earnings- For 3 months, Oct. 1 to Dec. 31, 1904, gross,

$1,458,567; net. $4i2,309; charges, $378,269; divisible income, $44.040. In 1903, gross, $1,450,013; net. $424,461; charges, $348,783;
divisible incoae, $75,67 8.
Plant.—The street railways controlled have 852*94 miles of main
line and 854*4 miles of track, and own and operate 1,964 cars, of which
819 are closed and 1,145 open cars; power stations, 23, with a capacity of 40,175 horse power.

Dividends— First div. on pref. stook, 2p.c.,waspaidDeo.l, 1899, also
2 p. c. June 1, 1900. Div. period then changed to J&J and 2*3 p. o.
paid Jan., 1901; ,'uly, 1901, 2 p. o.; In 1902, 4 v. c; in 1903. 4 p. o.; in
1904, Jan
2 p. c; July, 2 p. c. The January, 1905, dividend "was
passed. See V. 79, p. 2642 2456.
Officers.— President, Gordon Abbott; Vioe-President, Charles E.
Cotting; Seoretary, Everett W. Burdett; Treasurer, J. H. Goodspeed, Gen. Manager, P. F. Sullivan General Auditor, D. Dana Bart
Executive Committee: Messrs. Gordon Abbott, Charles Francis
lett.
Adams, 2d, E. N. Foss, Percy Parker, Philip L. Saltonstall, Charles E.
Cotting and Philip Dexter. Office, 84 State St., Boston.— V. 78, p. 103,
1549. 1907. 2599; V. 79, p. 103, 213, 501, 681, 1462, 2456, 2642,
2693; V. 80, p. 472.
Companies Controlled by Massachusetts Electric Companies.
,

;

BOSTON & NORTHERN STREET RY. -An electrio road.
Organization— This was the Lynn & Boston RR., but on July
23, 1901, name changed to present title.
The Lynn & Boston
RR. was incorporated under laws of Mass. April 6, 1859. In 1900 absorbed the Gloucester St. Ry. (which, Jan. 18, 1900, had absorbed the
Rockport St. Ry.) and the Wakefield & Stoneham St. Ry., whioh latter
on Deo. 31, 1899, had absorbed the Woburn & Reading, the Salem &
Wakefield, t*ie Mystlo Valley and the Reading & Lowell. In April,
1901, acquired the Beverly & Danvers. In May, 1901, absorbed the
Lowell Lawrence & Haverhill and the North Woburn. The Lowell
Lawrence & Haverhill bad in Nov., 1900, been consolidated with the
Lowell
Suburban, and the latter had previously received authority
to lease the Nashua 8t. Ry. On Mar. 2, 1 903, absorbed the Gloucester
(1)

<fe

&

Rockport St. Ry., previously leased.
In May, 1903, was granted permission to issue $2,000,000 stock at
$120 per share. In June, 1903, also received permission to issue $1,507,000 stock to exchange, i-hare for share, for Mifdleton & Danvers
stock ($910,000) and for Lawren e & Reading St. Ry. ($597,000)
stock. The Midoleton & Danvers had previously absorbed the Haverhill & Andover Stieet Ky. and the Lawrence & Reading had absorbed
the Reading Wafeefield &, Lynnneld Street Ry. In July, 1904, issued
its new $15,000,000 mortgage. See details below.
In the annual report of Mass. Elec. Co's f< r 1904 (see.V. 79, p. 2693),
it was stated that company would eoon apply to RR. Commissioners
for permission to issue additional stock to pay for betterments and

new construction.
Stock & Bonds—

Interest.

Outstand'g,

Last Div. die
Stock (par $100).
$9,660,000 In 1904, 2Lj%
Ref. M. $15,000,000, I 1904
4 g. J-J
1,227,500
July 1 1954
gold ($1,000)
o*) Int. at Adams Trust Co., Boston, Trustee
NaumSeag St. Ry. 1st.. .1886
5J.-D.
215,000 June 1. 1906
Oonsol.M. ($1.000)... .1890
5J.-J.
711.Q00 July 1, 1910
Int. at Knickerbocker Tru6t Co., N. Y. Manhattan Trust Co., New

LynnBeltlst
Essex Electric 1st

1890
5 M.-N.
100,000
May 1,1910
American Loan & Trust Co., Boston, Trustee.
1891
6 J.- J.
100,000 Jan. 1,1911

Old Colony Trust

Co., Boston, Trustee.
5 g.J. D.
3,723,000
Deo. 1, 1924
$5,218,000, $1,000.0* J Int. at Old Colony Trust Co., trustee, Boston.
Coup, notes, $405,000 1897 6 A. -O.
405,000
April 1, 1917.

Lynn ABost. 1st m.,g., 1894
)

& Bonds—

Date.

Last Div.

Outstand'g.

Interest.

Plain Bonds secured by
Lynn & Bos. mort. of 1894—
Lynn & Boston, Deb
1887
do
do
1892

<&t-

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

$100,000 Apr. 1, 1907
Mch. 1, 1912
186,000
Naumkeag, Deb
1887
49,000 Apr. 1, 1907
do
1890
24,000
Sept. 1, 1910
do
1891
6 J. -J.
10,000 July 1,1911
Glou 8terSt.Ry.lstM.,g.,1887
5 A.-O.
Apr. 1,1907
60,000
Interest Is payable at American Loan & Trust Co., Boston, Trustee.
G
er E 8 X
1896
5gJ-D
Deo. 1, 1916
125,000
l stM *t 2 5 OOof«T^
Tnt at A mer L & T Co *> Bo8ton Trustee.
gold
o*
,

000)

-

'

5

tffifiSI
The

-

5g

1895

-

*

-

»

M-S

150 000
'

Mar. 1,1915

last issue is redeemable at 105 after March 1, 1900. Interest
American Loan & Trust trustee, Boston.
The Mystic Valley St. Ry. has out $60,000 gold 5s, due Jan. 1, 1919.
The Rockport 8treet Ry. has outstanding $12,500 6 per cent coupon
notes, interest payable April and October, due Oct. 15, 1916.
The Gloucester & Rookport his outstanding $10,000 6% coupon
notes dated Feb. 1, 1895, and due Feb. 1, 1915.
LOWELL LAWRENCE & HAVERHILL.

at

STOCK

&

BONDS—

Date. Interest.

Was exchanged

Stock ($100), com
Merrimack Valley Street

Outstand'g.
Maturity.
Lynn <te Boston.

for

5g.A-0
342,000 Apr. 1, 1911
< 1891
Railway 1st mort. gold. I Interest at Inter. Tr. Co., trustee, Boston.
Lowell Law. & Haverhill ( 1893 5g. J-D
$970,000 June 1, 1923
1st mort., $1,900,000, < Subj. to call for the sink. fund, at 105 & int
gold, $1,000

o* ( Interest at

Am.

L.

& T. Co., trustee, Boston.

5J J
^' 00 ° Jan.1,1928
^Zv^Mass^isTmort;? 1898
m
8
IntereSt at 8tate 8treet TmBt °°" B ° 8t0n
gage bonds%ss um d
5
Low. Law. & Hav. Consols of 1893 are reserved for Merrimack Vai
"

.

ley bonds

when

due.

1891 5 g. J-D $1,000,000
Dec. 1, 1911
Lowell& Sub. St. Ry. )
1st M. 1891. gold.c* S Int. at the Am. L. &Tr. Co., Boston, Trustee.
Bonds— Of the $15,000,000 Boston & Northern bonds, $8,432,500
are reserved to retire prior liens and the remaining $5,340,0(0 to be
held for future requirements, upon authorization by Railroad Commissioners. These bonds have no sinking fund and are not subject to
call.
Of the $5,379,000 first mortgage bonds of the Lynn & Boston
RR., $161,000 have been canceled, and the unissued balance is to be used
to take up other bonds. The Merrimack Va ley St. Ry. 1st mtge. bonds
are redeemable at option at any time after 10 years from their date.
Dividends— From 1880 to Oot., 1899, incl.,8 yearly; in 1900, 7;
in 1901, 6: in 1902, 6; in 1903, 5 p c; in 1904, 2% p. 0.
Road— Comprises the lines of the Mass. Electrio Companies north of
Boston, embracing 418713 miles of maui and 2d main line and 433*96
miles of track— all owned.
ANNUAL REPORT— For nsoal year ending Sept. 30, 1904, of all companies included in the Boston & Northern St. Ry.: Gross. $3,750,968;
net, $1,109,389; other

income. $15,445: charges, $935,953; dividends

(2>a%), $241,500; deficit, $52,619. V. 73, p. 184.
Officers— President. Patrick F. Sullivan, Lowell; Treasurer, J. H.
Goodspeed. V. 79, p. 732.

(a) BOSTON & CHELSEA STREET RY.— Owns 435 miles of track.
Leased to Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to
6 per cent on $121,000 stock, payable A&O.

(b)

BOSTON & REVERE ELECTRIC

ST.

RE-

ORGANIZATION— Incorporated June 24, 1889. Leased from July 1,
Boston, which guaranteed interest on
1895, for 99 years to Lynn
the $50,000 bonds (of which $23,000 had been retired up to Sept.1,1904)
and divid'ds on $50,000 stock from July 1, 1898, at 5 p. 0. per annum.
Interest. Outstand'g. Lastdiv.,ete.
Date.
STOCK & BONDS—
<fe

Stock (par $100)
1st mort. drawn at 104. .

<

5
5

1890

J-J
F-A

$50,000
27,000

Int.(notpr.)gu.by B.&N. I Interest at American Loan
ROAD— Single track, 3*746 miles.

(c)

EAST MIDDLESEX STREET

Feb. 1, 1910

& Trust, Boston.

RE-

ORGANIZATION— Owns 16 7 miles

of track; sidings, switches, etc.,
1*9; total, 18 59 miles. Leased May 1, 1893, to Lynn & Boston (now
Boston & Northern) for 99 years at a rental till May 1, 1896, of
$18,000 yearly in addition to fixed charges; then till May 1,1901.
$24,000 yearly ; and for remainder of lease, $30,000 yearly. Eight per
cent dividends have been paid, but on May 1, 1901, were increased to
10 per cent. The refunding oonds were issued to take up a like amount
of 5 per cent bonds which matured on Jan. 1, 1902.
Date. Interest. Outstand'g.
Maturity.
BONDSSTOCK
Stock ($100) $300,000
8
$297,700
1898
Plain bonds, int. gu. (end.).
5
120,000 Sept. 1, 1918
1902
4 J-J
Refd. bonds, int. gu. (end.) .
100,000 Jan. 1,1922
Interest at State National Bank., Boston.
The lessee in the lease agreed to stamp both issues of the bonds with
a guaranty of the prompt payment, of interest.— principal is not
guaranteed.— V. 67, p. 482.
-

&

MS

(d)

NASHUA STREET RAILWAY.—Trolley.

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

leased to the Lowell

Boston & Northern through consolidation.
Rental— Dividends are payable Jan. and July at the rate of 4 p. 0.
1901, 5 p. 0. in 1902 and 6 p. o. for the remaining 98 years of lease.

STOCK BONDS Etc.—

Date.

Interest.

In

Outstand'g. Div.dt maturity.

Stock,$325,000.(par$100)
$300,000
See text.
150.000
1st mortgage, $150,000) 1901 4 g.
Oot. 1, 1931
o* S Int. at Old Colony Tr. Co., Boston, Trustee.
($1,000), gold
Bond*.— Entire issue may be called on and after Oct. 1, 1906, at
105 and aocrued interest. The interest is guaranteed by the Boston
& Northern St. Ry.
ROAD—Operates 14*90 miles of track.

AO

WINNISIMMET (STREET) RR.—
Organization— Owns 2-0 miles of track. Leased to the Lynn &
Eoston for 999 years from 1880, at $3,000 per annum. Capital stock
(e)

is

$50,000, par $50.

(2)
Date.

(Vol. lxxx.

Dividends in 1894 to 1904, 6

p.c.

OLD COLONY STREET RAILWAY.—A trolley road.

Organization—This was formerly known as the Brockton Street
Railway, but on February 15, 1901, name was changed as above.
The Brockton Street Railway was a consolidation of the
Brockton Street Railway, East Side, Brockton & Holbrook and Whitman street companies. In 1900 was consolidated with the Boston
Milton <fe Brockton, the Brock ron Bridge water & Taunton, the Brockton & fcast Bridgewater and the Taunton <& Brockton. Subsequently
was also consolidated with the Quincy & Boston and the New Bedford
Middleborough <fe Brockton.
In Nov., 1900, Mass. RR. Commissioners approved proposition to
purchase the South Shore & Boston and the West Roxbury ite Roslindale. The South Shore & Boston comprised the Braintree & Weymouth Street Railway, the Bridgewater Whitman & Rockland, the
Hingham Street Railway(the latter being a consolidation of the Hingham, the Hull and the Nantasket Electric), the Hanover Street Rail

STREET RAILWAYS.

Feb., 1905. J

wav and the Rookland & AbiDgton Street Railway. The West Roxbury <fe Rosltndale St. Ry. had previously absorbed the Norfolk Suburban the Norfolk Central and the Needhani & Boston.
In Jan 1901, also received authority to acquire the Globe St Ry.
(after the Globe St. Ry. had first absorbed the Dighton Somerset A
Swansea St. Ry., the Taunton St. Ry. and the Providence & Taunton).
Street Ry.
On July 1. 1901. leased the Newport & Fall River allowed
the issue of
In May 1903, Massachusetts RR. Commission
July, 1903, $26,000. the
$1 009,500 new stock at $105 per share, and in
Park property. In July, 1904,
latter for the purohase of the Lakeside
issaed its new $10,000,000 refunding mortgage. See details below.
In annual report of Mass. Eleo. Cos. for liiOi (see V. 79. p. 2693) it
was stated that pei mission would soon be asked of the RK. Commissioners to issue additional stock to pay for betterments and new construction
I eaue - In 1 903 th6 Boston Elevated Ry. leased all this company's
traok in the City of Boston for 99 years. The lease provides for the
payment of a! taxes and also 6*8 p.o. on replacement value, (appraised
at $353,979, less the rental of certain short pieces of track appraised
at $13,866) of property leased as of date Feb. 16, 1903, and 4 p. c. on
all additions and betterments.
Date. Interest. Outstand'g. Maturity.
Stock
Bonds—
$6,812,600 In 1904, 3%
Stock (par $100). $6.812,600
1904 4 g. J J 2,145,000 July 1,1954
Ref. M.. $10,000,000, sold.)
o* 5 Int. at Old Colony Tr. Co., Bost, Trust.
($1,000)
9,000 Apr.1,1905
1885 4*2
Brockton St.Ry. bonds.

&

A-O

1886 4iflA-0
1890 4*3 A- O
1892 5g. J- J
(1894 5g.A-0

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

a®
3"

6,000
33,000
16,000
686,000

Apr.1,1906
Apr.1,1910
Jan. 1,1912
Oct. 1,1924

Subject to call at 105 and interest.
State Street Trust Co.
100,000 July 1,1919
1899 5 J-J
Boston Milton & Brockton..
1st mtg. bonds, $100,000.. Int. at Inter'l Tr. Co., Boston, Trustee.
1897 5 g. F-A 200,000 Aug.1,1917
Taun.
Brock. Bridgewater
lstM.g,$200,000($l,000)c* Int. at Am. L & T. Co., Boston, Trustee.
30,000 Feb. 1,1918
1898 5g. F-A
Brock. <& E. Bridge water..
jlnt at Am. L. &T.Co., Boston, Trustee.
IstM. g., $30,000
1897 5 F-A
100,000 Aug.1,1917
)
Taunton & Brockton
1st mortgage $100,000
> Int. at State St. Tr. Co., Boston, Trustee
1900 5 g. J-J 325,000 Jan. 1,1920
N. Bedf*rdM'dleb'ro<fe Brook. )
IstM. $325,000 ($1,000) g. s Int. at Am. L. & Tr. Co., Bost., Trustee.
1894
35,000 July 25, '14
6J-J
)
B~>< n +,»~
+„*
Braintree mtge
^
state st TrUBt Co ^ Boston, Trustee.
1st M. $750,000 g....

<

C Int. at

&

m

Maturity.
April 1, 1912
750,000
i«tiw fc^rtnnn g
™irt ) !89 2
«*' f Redeemable at 105 and int.after April 1, 1902.
*in'W.o„h '
*i,ooueaon
o
^i n t.i 8 payable by trus., Mass. Trust Co., Bost
July 1, 1912
Debentures, g. ($1,000). c 1892
5g. J-J
550,000
Mar. 1, 1910
Debentures.g. ($1,000). o 1894
125,000
5g. M-S
Interest.
5g. A-O

Outstand'g.

Interest on the Globe Street debentures is payable in New York at N.
Y. Security & Trust Co.
350,000
Jan. 1, 1914
Taunton 8t.Ry.lstM. 1894
5 JMar. 1,1914
200,000
Do Debentures. 1894 5M-8
Interest on Taunton Street Ry. bonds payable at American Loan &
rrust Co., mortgage trustee, Boston.
P
T
150.000
Sept. 1. 1918
Rv' ?8t ^l°OOoN 1898 5g.,M-S
American Loan & Trust Co., Boston, Trustee.
author' d $200 000.' 3

SOUTH SHORE & BOSTON

ST.

Date.
1

RAILWAY. SECURITIES.

Interest.

Outstand'g.

Maturity.

5 F_A$335,000 Aug. 1,1919
Trust Co. (trustee) Boston.
Braintree* Weymouth 1st > 1897 5 g. M-8.
80,000 Mar. 1,1917
M. gold, $80,000
) Int. at International Tr., Boston, trustee.
M-N.
ridgewater Whit. & Rock. ) 1897 5 g.
85,000 Nov. 1, 1917

^ofd^^^OOO.!!. :
Interest at

.

?! \

1899

American Loan

<&

1st mort, gold, $1,000.0* $ Int. at American Loan& Trust, Boston
Rookland & Abington first > 1895 6 g. M-N.
100,000 May 1, 1915
mort., $100,000 gold....o* S Int. at Old Colony Tr. Co., Boston, trustee.
WEST ROXBURY & ROSLINDALE ST. RAILWAY BONDS.

Date.

Interest.

STOCK AND BONDS—

Stock, $180,00O,,$10O
1st mtge., ($1,000.)

Outstanding. Maturity

1st M. $150,000, gold.s. f. ) 1896
5 g. M-S
$143,000 Sept.l, 1916
($500) red. at 103 after > Interest at International Trust Co., Bos
Sept. 1, 1901
o* 3
ton. Trustee.
Norfolk Central 1st mtg.,1
gold. $100,000. Int. at
1898
5 g. J.-J.
$55,500 July 1,1918
International Trust Co., [
(Subject to call after July 1, 1903.)
Boston, trustee
J

July, 1914
1st) 1894
5
J.-J.
$65,500
tint at Internat'l. Tr. Co., Boston, trustee.
Bonds-Ot the new $10,000,000 Old Colony Street Ry. mortgage,
$4,667,000 are reserved for prior liens and $3,188,000 for future
requirements upon authorization by the Railroad Commissioners.
These bonds are not subject to call.
Road Consolidated system operates 350 miles of main and 2d main
line (including the Newport <te Fall River St. Ry.) and 367 miles of
track, (which includes track leased to Boston "L") comprising the lines
of the Mass. Electrio Companies south of Boston.
Dividends.— Rate 1892 to 1898 InoluBive was 6 p. c; in »99. 8 p. c; in
1900, 8>4p. c; in '01, 6 p. c; in »02, 5 p. o.; in '03, 5 p. c; in '04, 3 p. o.
Report of consolidated companies (including Newport & Fall
River) for year ending Sept. 30, 1904, gross, $2,319,996; net, $687,527;
other inoome, $97,833:
oharges, $564,318 dividends, $204,378
(3%); surplus, $16,664. V. 79, p. 734.

Suburban,

mortgage

—

(a)

NEWPORT & FALL RIVER STREET RY.—

Has been consolidated with Newport

Street Railway and Newport
Illminating Co.; embraces 18*93 miles of track in and between Newport
and Fall River; also electric lighting.
Was leased on July 1, 1901, for
99 years, to the Old Colony Street Ry. for a rental of 6 per cent per
annum and interest on bonds. The Mass. Eleo. Companies disposed
of its holdings in Feb., 1902.
Interest.
Outstanding. Maturity
STOCK, Bonds, Etc.— Date.
Stock, $750,000, par $100
See text.
J.-J.
$750,000
Newport & Fall River \ 1898
5 F-A
240,000 Aug. 1,1918
1st mortgage
{American Loan & Tr. Co., Boston, Trustee.
New mort, $1,000,000, (1904
4*3 J-J
390,000 July 1, 1954
gold ;$l,000)
J Int. at Am. Loan ATr.Co., Boston, Trustee.
Newport St. Ry. 1st M. ) 1890
50,000 Deo. 1, 1910
5 J-D
$50,000 ($500)
c. { Interest at the Indust Trust Co., Provi., R. I.
New. III. Co. 2d M., g
63,500 Oct. 1, 1925
5g.
Floating debt June 30, 1904
427.H87
Bonds- Of the new mort. for $1,000,000, $353,500 are reserved
to retire prior liens. V. 79. p. 213, 501, 1462.
EARNINQS-For year ending June 30, 1901: Gross, $2?>0,505: net,
$110.2b6: ohargos, $33,2*5; surplus, $77,021.-V. 76, p. 1249; V. 79,
p. 213, i 01, 1462.

(3)

in Jan., 1899.

$180,000
180,000

6% In '99-1900
June

)

1900

Int. at Mercantile Tr. Co., Boston, Trustee.

5

g.

J-D

1,

1920

Road-— Owns and operates 18 miles of track from Georgetown
Newburyport, with branch through Rowley to Ipswich, where connection is made with the Boston & Northern RR.
EARNINGS.— For year ending Sept. 30, 190±: Gross, $36,461; net
to

$3,601; charges, $13,443; deficit, $9,842.

(4)

HAVERHILL GEORGETOWN & DANVERS

ST.

RY.—A trolley

road.

ORGANIZATION.— Incorporated in 1895.
Date. Interest.
STOCK and Bonds—

Outstand'g.

Maturity.

$60,000
6%lnl900-01
1899
5
35,000
Mch. 1, 1919
ROAD-— Owns and operates 6"53 miles of track in Haverhill, Groveland and Georgetown.
Earnings-— Year ending Sept 30: In 1904, gross, $29,410; net,

Stock. $60,000 ($100)
1st mortgage

$7,028; charges, $5,196; surplus, $1,832.

boston & worcester electric com-

panies-

OrGANIZATION.—This is a voluntary association organized under a
trust agreement dated December 29, 1902. Its property consists of
Worcester Street Railway. It
the capital stock of the Boston
has issued 24,936 4 per cent cumulative preferred shares and
25,114 common shares, no par value; but In case of liquidation preferred shares receive $100 each before the participation of common.
Jan., 1905, was listed on Boston Stock Exchange. In Nov., 1904,
stockholders were offered 2,400 shares new pref. at $72 per share,
with a bonus of one share of common; Feb., 1905, further amount
authorized. V. 80, p. 710.
DIVIDEN08.— First div. on pref. stock— 2 per cent— paid July 1, 1904,
and 2 p. c. was again paid Jan., 1905.
OFFICERS— President, James F. Sbaw; Vlce-Pres., Arthur E. Childs;
See. and Treas., George A. Butman.— V. 78, p. 1781, 1961, 2441; V. 79,
p. 2454, 2641; V. 80, p. 221, 710.
ST. RY.— Trolley.
(1) BOSTON
Organization— Incorporated in Massachusetts on Nov. 16, 1901.
Franchise unlimited. Owns a double-track line between Boston and
Worcester and has purchased all franchises and property of the Framingham Union St. Ry., Framingham Southborough Marlborough St

&

& WORCESTER

Ry. and the Marlborough

&

Framingham

&

Ry.
Date.
Interest. Outstanding. Maturity.
BONDS
STOCK
$1,724,900 Jan.,'05,3%
Stock, $100
1,610,000 Aug.1,1923
Bost &Wor.lstmort,$2,-> 1903 4i2 g. F-A
500,000,gold ($1,000)0* 5 Int. at Am. L. & Tr. Co., Boston, Trustee.
47.000
5
1909
Fram. Union 1st mort
5
60,000 Jan. 1, 1919
IframRnAMsrllRtM $ Int at Amer Loan & Tr Bo8ton> trustee.
Marl. 1st M..
Fram. So. &
j
Dividends.— Paid 3 p. c. July, 1904; in 1905, Jan., 3 p. o.
Latest Earnings-— For year ending Sep k 30, 1904: Gross, $400,022;
net, $179,489; charges and taxes, «88,192; surplus, $91,297.
ROAD— Owns and operates 75 miles of traok, a considerable portion
over private right of way. between Boston and Worcester. Rails, 75-lb.
OFFICERS— President, James F. Shaw; Vice-President, H. Fisher
Elnredge; Seo and Treas., Geo. A. Butman.— V. 79, p. 902, 2084, 2204,
2454, 2641, 2695; V. 80, p. 6^9.
St.

BOWLING GREEN, OHIO.
LAKERY.—A BOWLING GREEN & NAPOLEON ERIE road.
trolley

Organization— Incorporated in Ohio in 1902.
Date. Interest. Outstand'g.
STOCK & BONDS—
Common, $750,000, $100
$310,000
250,000
Pref.. $250,000. $100 6% n.-o.

Maturity

($500) 1903 5g. M-N 120,000 Nov. 1, 1933
c*5 Int. at Union Tr. Co., Detroit, Trustee.
Bonds- $880,000 bonds are reserved for extensions at $17,000 per
mile. No sinking fund and bonds are not subject to call.
Earnings— For 6 months ending Sept. 30, 1904, gross, $24,117; net,
Is' M., $1,000,000, g.,
<fe

$1,000)

$13,611.

Road— Operates 14 miles of track between Bowling Green, O., and
Pemberville; 52 miles additional projected. Standard gauge, 60-lb. T
rail.
When this is built, there will be 65 miles, extending from Port
Clinton, on Lake Erie, through Bowling Green, to Napoleon.
Officers— President, Willis M. Tuller; Vice-Pres.. F. W. Rogers;
Secretary, Chas. H. Draper; Treasurer, A. Froney; Manager, J. R.
McKnight-V. 78, p. 769.

BRADFORD, PA.

BRADFORD ELECTRIC STREET RY-Trolley
Organization— incorporated June 7, 1894.
Interest.
Dale.
STOCK & BONDS -

Outstand'g. Maturity.
Stock, $130,000, par $50
$130,000 In '02-3 7%
1901
1921
1st mortgage, $130,000, £
5g. M.-8.
122,500
gold (500)
Jlnt. at Amer. Loan&Tr. Co., Bost, Trustee.
Notespayable June SO, 1904
322,792
Bonds— Sinking fund of $2,500 per annum is In operation.
Road- Operates 11 miles of track. 15 cars.
Earnings— For year ending June 30, 1904: Gross, $54,758; net,
$18,190, interest and taxes, $8,099; div., none; surplus, $10,091.
Officers— Pres., H. L. Pierce. Leominster, Maes.; Seo. and Treas..
O. E. Hudson, Bradford; Supt, J. W. Barnes.

BRIDGEPORT, CONN.

CONNECTICUT RY. & LIGHTING
map on page 7-A8.)

CO-(See

This property is controlled by the United Gas Improvement Company of Philadelphia. Originally ohartered in Conn., Maroh 2, 1895, as
the Gas Supply Co. Charter amended and name changed Maroh 2,
1899, to Connecticut Lighting <fe Power Co., for the purpose of uniting
various street railway and light and power properties in Connecticut.
Name changed as at present on January 10, 1901. V. 71, p. 1269; V.
72, p 44. It is a consolidation of the following companies, whose franchises are perpetual
Bridgeport Traction Co.
Norwalk A. So. Norwalk El. Light Co.
Central Ry. & Klec. Co. of New Britain. Norwalk Street Railway Co.
Derby Street Railway Co.
Norwalk Tramway Co.
Greenwich Gas & Electric Light'g Co. Shelton Street Railway Co.
Milford Street Railway Co.
Southington & Plantsville Tramway.
Naugatuck Electric Light Co.
Waterbury Traction Co.
Norwalk Gas Light Co.
Westport & Saugatuck Street Ry. Co.
In Feb., 1902, control of the Meriden Southlngton & Compounoe
Tramway was purchased. In 1904 purchased the Roton Point Improvement Co. and the Cheshire Street Ry. See V. 19, p. 2696.
Neither of these companies has any bonds outstanding. Also controls
the Naugatuck Valley Eleo. Ry., which proposes to build a lino

between Seymour and Naugatuck.

Powtr.- Has entered into thirty-years' contract with New Milford
for supply of power in Waterbury and New Britain. V. 78,

Power Co.
p.

823.

STOCK

&

BONDS.—

($100)
GEORGETOWN ROWLEY & IPSWICH ST. RY.-A trolley road. Common stockafter Jan. 1,
Pref., 5% cum.

Organization— Incorporated

Maturity.

Outstand'g.

Interest.

>

$180,000, gold.

I

Norfolk

Date.

&

GLOBE STREET RAILWAY SECURITIES.
Date.

747

1904 ($100)

Date.

Interest.

Outstand'g.

$9,247,500
>

5

* |,a,ow
7*0 riOO

Maturity.

748

[Vol. lxxx.

CONNECTION WITH LINE TO WATERBURY

STREET RAILWAYS.

STREET RAILWAYS.

Feb., 1905.]

Outst'd'g.
Maturity.
Date. Interest.
<5Tr>rK <<- Ronds—
Ist&ref.$157o00,000,gold.> 1901 4»« g.. J-J 10,913,000 Jan. 1, 1951
o*S Int. at Colonial Trust, N. Y.. trustee.
$1,000 8. f
706,000 July 1,1923
_
1893 5g., J-J
..
„ '
„«. C
Traction mort- > -j^g^ .Fidelity TrustCo. of Newark, N J.
Bridgeport
o
gage, gold ($1,000)
£ Int at Redmondf Kerr & Co., New York.
A-0
6
75,700 Ap.2, 1914
Derby St. Railway Mort- > 1894
Redeemable after April 2, 1904.
>
gage
209.000 Jan. 1, 1939
J-J
5
Connecticut Li'tlngA Power 1899
183,945
Floating debt Sept. 30, 1904
Bonds.— $990,700 of bonds are reserved to retire the prior [bonds
The remainder of the * 15,000,000 may be issued from time
still out.
to time for additional properties and new construction, improvements
and betterments. Statement to N. Y. Stock Exchange In V. 73, p.
852; also V. 79, p. 2745. Listed on the New York and also on Philadelphia Stock Exchange.
Bonds were formerly not suhjeot to oall, but on June 23, 1904, a
supplemental mortgage was made giving the right to call bonds on
any interest date at 105 and interest and establishing a linking fund
of one-half of one per cent per annum on bonds outstanding; bonds
acquired by the sinking fund are to be kept alive and bear interest.
Bondholders assenting to the supplemental mortgage had their
interest guaranteed by the United Gas Improvement Co. by endorsement. sVe V. 79. p. 626, for form of guaranty. Offer expired Oct. 1,
1904, and was accepted by $9,056,CO0 of outstanding bonds.
of track reaching
Road— The railways embraced comprise 174 7
Mii ford, Bridgeport, Stratford, Southport, Shelton, Derby, Ansonia,
Sevmour, Westport, Saugatuck, Norwalk, South Norwalk, Darien and
Stamford; also lines in Naugatuck, Waterbury, etc. 8ystem connects
with the Pair Haven & Westville Railroad into New Haven from
Bridgeport and Derby, and company also has a tralflo oontract with
the Hartford 8treet Railway for reaching Hartford.
Equipment—June 30, 1904: Cars, 397; motors, 612; oar barns. 16|:
also 4 complete electrio light plants also owns gas plant at Norwalk
and operates gas plant at Waterbury.
Strike.— From Jan. to Aug., 1903, company suffered from a strike of
Its employees at Waterbury, and at Bridgeport from May 15 to July 11.
REPORT— For year ending June 30, If 04. gross income, $1,881,221;
net, $582,054; taxes and charges, $536,206; surplus, $45,848.
OFFICERS— President, A. M. Young; 1st Vice-Pres., D. S. Plump;
2d Vice-Pres., Geo. E. Terry; Secretary and Treasurer, Lewis Lillie
Main office, Bridgeport, Conn.-V. 79, p. 6,6, 733, 1401, *587, 2696.
2745, 2747.
.

m

;

MERIDEN SOUTHINGTON & COMPOUNCE TRAMWAY.-A

(1)

trolley road.

Organization— Incorporated in Connecticut on Sept. 1#, 1897.
Maturity.
Interest. Outstand'g
Date.
STOCK & BONDS—

Com. sto*k($ 100) $500,000
See text
$200,000
1st mort., g., $200,000 0*) 1898
5 g J-J
175,000 July 1,1928
Optional at 110 and interest.
($1,000) can be called at >
110 after Aug. 15, 1903. ) Interest at Colonial Trust Co., N. Y.
Bonds can be issued only for new extensions to the extent of 50 per
cent of cost and provided net earnings for the twelve months preceding the issue were equal to 10 per cent on all bonds issued and proposed
DIVIDENDS— One p. o.quar. since Apr., 1899, to and including Apr., '02;
none since to Feb., 19C5.
EARNINGS— For fiscal year ending June 30, 1904, gross, $65,087
net, $18,257; interest and taxes, $12,141; surplus, $6,116
ROAD— Owns 13 miles of track between Meriden and Southlngton,
•with a branch to Lake Compounce. Standard gauge, 56 lb., T rail.
Operates 26 cars.

OFFICERS— President, Walton
and Treas., Lewis Lillie. -V 74,

Clark; Vice-Pres., A. M.
427.

Young;

Seo.

p.

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

-

Organization— Organized Sept. 21, 1893. On Aug. 15, 1904. stockholders authorized an increase of stock from $150,000 to $250,000.
See V. 79, p. 732.
Dale.
Interest.
Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $1,000,000 ($100)
$200,000
1904,6%
1st mortgage, $200,000..
1895
5 M.-N.
200,000 Nov. 1,1925
Earnings— For years ending June 30, including electric-light plant.
Year—
Gross.
Net.
Int. <£ taies.
Div'ds.
Balance.

&

1904

$112,779
$40,075
$14,234
$3,750
$19,091
82,359
16,105
10,022
83
6,000
ROAD- Operates about 12 miles of track laid with 56 and 60-lb. T
rail, from Bristol to Plalnville, with branch to Lake Compounce
and to Terryville. Standard gauge, 26 cars and 3 snow plows.
OFFICERS— President, Miles L. Peck; Vice-Pres., N. E. Pierce; Treas
M. L. Tirlany; Secretary, A. J. Muzzy; Gen. Man., G. E Cookings, all
Of Bristol, Conn - V. 77, p. 649; V. 79, p. 732; V. 80, p. 116.
1903.

,

CO.-Trolley and

electric light.

ORGANIZATION-Incorporated in N. Y. to consolidate the Bristol Gas
Elect. Co. (Va.) and Bristol Belt Line Ry. Co., all the stock and bonds
of which company it acquired.

&

&

BONDS—
_ STOCK
Stock, $300,000 ($100)
1st mortgage, $375,000..
g. ($500 & $1,000) c.&r.

Dale.

Interest.

1903

Fg. J-J

Outstanding. Maturity.

$219,000
>
S

237,000 Jan., 1923
Inter, at Metropolitan Trust Co.,N.Y.,Trus.

Bonds are subject to call on any interest day at 110 and Interest.
Earnings— For calendar year 1903. for both Bristol Gas & Elect. Co.
and Rristol Belt Line Ry., gross, $37,372; net, $5,432; fixed charges,
$9,500; deficit, $4,068.

ROAD— Operates about 3^ miles of

track.

OFFICERS— President, Charles B. ffobbs. New York; Vice-President,
John H Caldwell, Bristol; Seo. and Treas., Murray W. Dodge, 40 Wall
St.,

New York; Manager, Edwin

M. Walker, Bristoi.-V. 77,

BROOKLYN,

BROOKLYN RAPID

p. 174».

N. Y.

TRANSIT.-(«ee Map,

page

Organization— Organized January 18, 1896, per plan in Chronicle, v. 60, p. 1145, to succeed to the property of the old Long Island
Traction Company, foreclosed syndicate headed by the late ex-Governor !• lower having then bought control. Is not a railroad corporation, but was organized under the Business Corporation law of New
York to hold the stocks and bonds of railroad companies and to aid In
the construction and equipment of railroads.
ASSET8-The following is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit Co. June 30. 1904
;

1

*3B,2ll,t72

BOND8.
Sud. RR. (par)
First mort. 6 p. c. bonds Brooklyn Queens uo.
i.OOO.000
$2,(
1st con. mort. B'klyn Queens Co. * Sub. (owned by B'klyn Heights Co.)
50,000
•First mortgage 5 per cent bonds Brooklyn City RR. (par)
l,(
1,627.000
First cons. 4 p. c. bonds Nassau Elect. RK. (In Nassau Elec Treasury)
29,000
"

St,

Qold 5 p. c. bonds Brooklyn Rapid Transit.
Ref. mort. 4 p. c. bonds Brooklyn Rapid Transit Co
Second mort. 5 p. c. bonds Brooklyn Bath & West EndRv

30.000
t,614.000
6,1

1.000

19,861,000

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

The Brooklyn Uity RR.

Oo. is held under a 999-year lease, dated Feb.
1893, guaranteeing all fixed charges, organization expenses, taxes
and 10 per cent dividend on $12,000,000 of stock. The lease is nominally to the Brooklyn Heights RR. Co. but practically to the Brooklyn
Rapid Transit Co., since that company owns the entire capital stock of
the Brooklyn Heights Company and guarantees payment of dividends
to lessor. In 1898 the Heights Company leased the Brooklyn Queens
County & Suburban RR. The lease was renewed year by year, rental
being fixed charges, taxes and organization expenses. On July 1,
1901, the B. Q. C. & 8. began operating separately again. On April 1,
1899, the Heights Company temporarily leased the Brooklyn Union
Elevated RR. Co.— see terms under the latter— and also on the same
date the Nassau Electrio RR. Later, permanent leases were. made.
On June 30, 1904, presumably in oonsequenoe of a decision (V. 79, p.
102,) compelling the issuance of transfers, the lease of the Naseau
Electric RR. was canceled.
For decisions es to transfers, see V. 79, p. 2204, 2587.
The Brooklyn Rapid Transi t Company In April, 1899. also acquired,
through one of its constituent companies, all the franchises and properties of the former Brooklyn & Brighton Beach RR. Co.. and has converted it into an electrio road. The oompany also then leased for the
period of 999 years the Prospect Park & Coney Island RR. (see terms
under the latter), the New York & Coney Island RR. and the Prospect
Park & South Brooklyn RR. In November, 1899, acquired all the
stock of the Kings County Elevated Railroad, which has since been
consolidated with the Brooklyn Union Elevated. In Feb., 1902, purchased property of South Brooklyn RR. & Term. Co. V. 74, p. 479.
On Miiy 21, 1904, the Brooklyn Heights RR. Co. signed an agreement with city for operation of trolley cars (but not elevated trains)
over the new Williamsburg Bridge. See V. 78, p. 2013, 2386. Later
the Bridge Operating Company was formed, with $100,000 capital, to
operate the bridge lines. See V. 79, p. 626. Cars began running across
the bridge in Nov., 1904. V. 79. p. V084
The Transit Development Oo. was organized In April, 1903, with
$25,000 capital and is owned exclusively in ihe Interest of the Brooklyn Rapid Transit Co. for certain convenient purposes in connection
with the handling of real estate and kindred matters.
The American Railway Trafflo Co., a freight-handling company, was
incorporated in Jan., 1904, with a capital of $l,0u0,000, of which
$980,000 is owned by the Brooklyn Rapid Transit Co.
In April. 1900, the Brooklyn Heights Company began suit against
the Brooklyn City RR. to recover about $2.0o0,000 for failure to fulfill
obligations claimed to be imposed by the terms of the lease between
the two companies.
14,

SECURITIES OUTSTANDING.
Outstanding. Interest.
Maturity. Ann. charge.
8tk.,$45,000,000($100)$45,000,000
Br. Rap. Tr., 1st Re-) 15,250,000 4g J-J July 1, 2002
$610,000
fund. M. ('02) ,$150,- }
Central Trust ( o.. New York, Trustee.
000.000 gold..c*&r) Coupon bonds, $1,000; reglst'd, $1,000, $5,000.
B'klyn R.T.,g., mort.,
7.000,000 5g A-O Oct. 1, 1945
350,000
1895. $7,000,000 0*5
a Int. at Colonial Trust Co., N. Y., trustee.
Brooklyn City RR.
lstconsol. M., 1891.
6,000,000 5 J-J IJuly 1, 1941
300,000
B'klyn Crosst. IstM.
200,000 5 J-J July 1, 1908
10,000
Cal. Cem. &G.lstM.
200,000 6 J-D June 1, 1907
12,000
New W. & Fl. 1st M.
200,000 412F-A July 1,1941
9,000
G. & Lorimer 1st M.
M-N May 1, 1910
125,000 6
7,500
Or. 8t. & New. 1st M.
200,000 5 A-O Aug. 1, 1906
10,000
B'klyn Heights RR. >
250,000 5 A-O Apr. 1, 1941
12,500
1st mort,, 1S91.... $
People's Trust Co.. Brooklyn, Trustee.
B. Q. Co. & Sub. 1st >
3,500,000 5g J-J Muly 1, 1941
175,000
mort., 1894
Guaranty Trust Co., New York, Trustee.
5
First consol. mort
2,884,000 5g M-N *July 1, 1941
144,200
guar. p.& i. (end I
I.)
Central Trust Co., New York, Trustee.
'4.3
$4,500,000, 1894
Jam. & B. RR. 1st
240,000 5g J-J Jan. 1, 1930
12,000
mort, 1889
i
Central Trust Co New York, Trustee.
Sea B'oh Ry. 1st M.,
650,000 4g M-8 Sep. 1, 1916
26,000
guar., 1896
, W.M.Grinnell.W.O. Piatt & Wm. Man, Trustees.
Brooklyn Un. Elev. } 16,000,000 $4g F-A Feb. 1, 1950
640,000
1st M., 1899, guar. )
Int. at Central Trust Co., New York, Trustee
Kings Co. El., IstM
7.000,000 4g.F-A Aug. 1, 1949
280,000
$7,000,000, gold
Int. at Central Trust Co., New York, trustee.
($1,000) gu.. '99. 0;
3.)
Nassau Electrio RR
10,476,000 4 g J-J Jan. 1, 1951
419,040
Co. coneol. mtge '
Guaranty Trust Co., New York, Trustee.
bonds ($1,000) o*&r
Bonds guar, by end. by Br'klyn Heights RR.
$15,000,000 1898 J
1st mortgage
)
660,000 5 A-O
Apr. 1, 1944
33,000
bonds, 1894 ..
Hamilton Trust Co., Brooklyn, Trustee.
5
Atlantic Ave. 1st J
730,000 5 A-O Oct. 1, 1909
36,500
mortgage, 1884.. S
Brooklyn Trust Co., Trustee.
Atlantic Ave. gen. > 112,241,000 5g A-O Apr. 1, 1931
112,050
M., gold. 1891 ... $
Brooklyn Trust Co., Trustee.
Atlantio Ave. Imp.
11,000
220,000 5g J-J Jan. 1, 1934
$220,000, g.,1894< Central Trust Co., New York, Trustee
B.B. <fcW.E. IstM.
12,500
250,000 5 J&J Jan. 1, 1907
Ser. A,red,Jan.'97 s
Title Guarantee & Trust Co., Trustee.
fB.B.&W. E. IstM.
12,500
250,000 5 A&O Jan. 1, 1917
Ser.B,red.Jan.'97 S Title Guarantee & Trust Co., Trustee.
tB.B. &W.E.2dM
2,600
52,000 5 J<&D June 1, 1911
red. July, 1896.
Title Guarantee <te Trust Co., Trustee.
B. B. & W. E. Genl.
6.050
121,000 5g A&O Oct. 1, 1933
gold, 1893
Franklin Trust Co., Brooklyn, Trustee

&

BONDS—

,

BRISTOL., TENN.

BRISTOL, GAS & ELECTRIC

stocks.
Entire capital stock Brooklyn Heights RK. Co. (par)
$200,000
Entire capital stock Brooklyn Queens Co. & Suburban RK. Co. (par).. 2,000,000
Entire stock Sea Beach Ry. Co.. (owned by Nassau Electric) par value
660,000
Entire Issue of the common stock of the Nassau Electric RR. Co., par. 8,500,000
OS,- *H shares out of 65,000 shares of the i% cumulative pref. stock
of Nassau Electric RR. Co., par
6,337,426
47.625-26 shares out of 60,000 shares of the 6* non-cumulative preferred stock of the Brooklyn Union Elevated RR.Co.,par
4,762 E48
121.H50-78 shares out of 13t',o00 shares of the tommon stock of the
Brooklyn Union Elevated RR. Co., par
12,426,073
Entire capital stock of Coney Island & Gravesend Ry. Co. outstanding, (owned by Nassau Electric) par
36,400
I.4H2-28 shares Brooklyn Rapid Transit Co., par
146,228
Entire capital stock of South Brooklyn Ry
150,000
9,8ti0 shares out of 10,' 00 of the Amer. Railway Traffic Co
V80.O09
Entire capital stock of the Transit Development Co
86,000

Stock

lights.

749

[

.

Total interest charges (on above $69,699,000 of funded
debt outstanding)
$3,243,440
Rental payments in addition to payment of fixed charges—

B'klynCityRR. stock, $12,000,000,10% Q-J
Prospect Park

& Coney

15,

999 years.

Island RR., yearly rental
Sea Beach Railway Co. yearly rental
Total

$1,200,000
40,000
6,500

$1,246,500

750

STREET RAILWAYS.
[Vol. lxxx.

STREET RAILWAYS.

Feb., 1905.

rental is paid to the
dividends guaranteed on pref.
stock of the Nassau Electrio RR, but as the Brooklyn Rapid Transit
Co. owns nearly all the stock of those companies, we omit the figure*

Notf - In

addition to the

amount given above,

Brooklyn Union Elev. RR. and 4

p. c

from the table.
Subject to call at any time.
Five per cent after Feb. 1, 1905.
t
of 1931 were subject to call in
IT Atlantio Ave. general mortgage 5s
1909 but many of them (how many is not known) have been stamped
releasing them from th« liability to call.
a The Central Trust Co of New York was tiustee of this mortgage
until Oot., 1903, when the Colonial Trust Co. was substituted
Stock -Stock authorized is $45,000,000; issued $45,000,000. The
stook was formerly held in a voting trust, but this terminated January
1 1900, and control is now vested in the owners of the shares.
'in the reorganization of Long Island Traction the old $30,000,000
stook paid an assessment of $10 per $100 share, the old stock being
reduced to $20,000,000, and $7,000,000 of 5 per cent bonds being
authorized, against $3,000,000 of Long island Traction.
Interest on Bonds. Where Payable.— Interest on the Brooklyn Rapid
Transit inortgageof 1902 for $150,000,000 and the two Elevated Issues
Is payable at the Central Trust Co.; on the B. R. T. issue of 1895 at the
Colonial Trust Co.; on the Nassau Electric bonds, inoluding Atlantio
Ave. and West End Issues, at the Colonial Trust Co.; on the Brooklyn
Heights 1st mortgage at the People's Trust Co., Brooklyn; on the
Brooklyn Queens Co. & Sub. mortgages and the Jamaica & Brooklyn
1st mortgage at the First Nat. Bank, Brooklyn; and on the Sea Beach
1st mortgage at the Brooklyn Heights RK. office.
New Mortgage for $r*o,ooo oco.~ Stockholders authorized March 20,
1902, First Refunding Four Per Cent Gold Convert, bonds for $150,000,000. $61,065,000 is intended to retire all the existing bonds of
the system, and the rest for Improvements, additions and new acquisitions, as needed from time to time. The mortgage provides that a
fund o" $5,000,000 in bonds or their proceeds be at all times at the disposal of the company for the purposes mentioned. See V. 74, p. 377. As
this fund Is reduced for any of the purposes authorized, more bonds may
be authenticated by trustee, and delivered to the oompany on its order.
These bonds can be converted into stock, par for par, after July 1,
1904, and before July 1, 1914, and are subject to call on »ny interest
day until year 2,000 at 110 and interest; after that at par and Interest
See isting- application in V. 78. p. 1119 for list of securltiei pledged
for the bonds; also V. 80, p. 656
Bonds— Of the $7,000,000 50-year gold 5s of the Brooklyn Rap.Trans.,
$3,000,000 went to stockholders for the assessment. For description
of property covered by the mortgage, see V. 62, p. 1138. See also
application in V. 67, p. 904.
Brooklyn City RR. mortgage of 1891 is for $6,000,000 and is a first
lien on the old Brooklyn City road and a consol. lien on the lines
acquired by consolidation in 1890. Of the $6,000,000 issued, $4,373,000 are in the hands of the public and the balance is held in the
guaranty fund.
The total authorized issue of first consolidated mortgage gold 5s of
the Brooklyn Queens County & Suburban RR. is $4,500,000, of which
$1,616,000 are reserved for extensions, on which they will be a first
Of the $2,884,000 outstanding, $2,255,000 in 1898 were enlien
dorsed with the guaranty of the Brooklyn Heights RR. Co. as to principal and interest, and in January, 1899, provision was made for
guaranteeing the remainder on the payment of ten dollars per bond
Both B. Q. C. & 8. loans are subject to call in 1916.
The 8ea Beach Ry. 1st 4s also are guaranteed as to principal and interest by the Brooklyn Rapid Transit Co.— V. 65, p. 1219.
The Nassau Electric bonds are guaranteed (by endorsement on each
bond) by the Brooklyn Heights RR. Besides covering the mileage
directly owned they are a lien by a supplemental agreement upon the
stook of the Coney Island <fe Gravesend Ry. and the Sea Beach
and will become a direct lien on these lines as soon as they have been
formally merged In the Nassau Electric. Of the total of $15,000,000
bonds authorized the unissued remainder is reserved for prior liens.
See listing application In "V. 72, p. 342.
1st
2d
SidTotal
Mileage—The system includes:
Track. ings,<6c. miles.
Track.
Name—
"483
-483
-218
1-184
Brooklyn Heights RR
101-484 98-996
5*803 209-2-3
Brooklyn City RR
-345
23*58
Brooklyn Queens Co. & Sub. RR... 24-15
48075
Nassau Electric RR
6175 61-46
7264 130-474
6-34
6-341
1*343
14024
Sea Beach Railway
*313
3-16
3-16
6-633
Coney Island & Gravesend Ry
-715
1*465
South Brooklyn Railway
1465
3 645
Prospect Park & Coney Island RR. 9-76
7*96
7-54
25-26
*

Sublect to call July 1, 1916.
§
Sublect to call in 1916.

t

i

Ry

Brooklyn Union Elevated
Elevated lines
Surface lines
N. Y. & Brooklyn Bridge

Trackage on

C.

I.

RR—

28-996 28-997
7907 7*907

RR

& Brooklyn RR...

1*30
1-53

68-417
19-294

1-00

360

1-30

38-445

532-259

Equipment June

30, 1904.— Closed cars, 1,700; open oars, 1,408;
combination cars, 255; mail, freight, snow-plows, sweepers, &c, 335
—total, 3,698. Locomotives. 120
REPORT—The annual report for 1903-4 will be found in V.79, p. 784.

INCOME ACCODNT BROOKLYN RAPID TRANSIT AND CONSTITUENT COMPANIES—YEAR ENDING JUNE 30.
Receipts1903-04.
Passengers
$14,429,546
Freight, mail and express.
176.508
Advertising
132,655
Rents
159,783
Other miscellaneous inc.
52,070
Total
$14^950,562
Expenses—
Maintenance of way
$619,848
Maintenance of equipm't.
1,217,924
Operation of power plant.
1,535,930
Operation of cars
3,859,232
General expenses
539,746
Damages and legal exp'es
987,759
Taxes
748,258
Total

$9,508,6^-7

Net earnings
Fixed charges

190 2-03.
$13,036,840
75,658
117,823
180,931
96,562
$137557,814

$12,321,265
64,902
124,455
192,299
85,247
$12^788,168

$495,188
812,600

$567,0^9
1,160,999

1,680,751
3,450.524

1,262,429
3,580,891
543,274
1,094,745
74 2,817
$8.952,214

535,286
956,730
757,789
$8,688,868~

1901-02.

$5,441,865
$4,868,946
$3,835,954
4,052,957
3,73 2,633
3,904^,068
Surplus
$964,87S
$1,388,908
$103,321
Special appro, and miscel.
20^.48
383.706
84,428
Balance
$i,o0o,202
~$756,;iy7
$18,«93
Latest EARMNQS —Brooklyn weights RR (not including Nassau
£1. RK.)
6 too*, to Dec. 31. Grots.
Net.
Other inc.
Clhnrg'*.
Surplus
1904
$5,966,645 $2,596,066 $71,310 $2,22^,381 $l3->,'>95
Brooklyn Queens Co. <£ Suburban.—
6n,08.tuDec 31. Gross
Set
Other inc
Charges bvrplit*.
190 *
$614,603
$253,285
$l,-<;
$*62,817
$2,73
,
1903
419,522
27,?5S
2o7,697
198.700
36.755
t>°^ FICE RS —^sWent, Edwin W. "Winter; Chairman of Board, A.N.
Brady: Vice-Presidents, Horace C. Du Val and T. 8. Williams; Secre
taryaud Treas.. C. D. Mene^ly Vice-President and Gnu. Manager,
*j CHl erw00u Comptroller, Howard Abel, Clinton and Muntague
(net)

-

.

t

•

sts

;

i

j2

751

INDEX— V. 79, p. 102, 151, 211, 268, 624,
2204, 2587; V. 80, p. 162, 471, 599.

784,789,967,2084,

Companies Controlled by Brooklyn Rapid Transit Company.

(I)bROOKLYN UNION ELEVATED RR.—Formerly

now

a steam road

electric

Organization—Organized in January, 1899, as successor of the
Brooklyn Elevated Railroad and its allied lines per plan in V.
Embraces the Kings County Elevated Railroad reorgan64, p. 609.
ized according to plan in V. 68, p. 724, the Sea View Railroad and the
Brooklyn & Brighton Beach RR
On June 30, 1901, the Brooklyn Rapid Transit owned $12,425,073
common and $4,762,546 pref. stook of the Brooklyn Union Elevated.
Lease— Leased for 999 years from July 1, 1901; the lessee agrees to pay
organization expenses, taxes and fixed charges, and as rental all net
earnings, such net earnings not to be less than $150,000 per annum
the first three years, $200,000 the next two years and $250,000 per annum thereafter. Lessee also agrees to guarantee, principal and interest, all bonds of the Brooklyn Union and Kings County Elev. RR. Co's,
the guaranty to be stamped upon the bonds upon presentation. In
Feb., 1902, began stamping bonds with guarantee. Certain days each
month are designated for stamping. See V. 80, p. 162.
Date. Interest. Outstand'g. Maturity, etc.
Stock and Bonds.
Com. stock, $13,000,000, >
$13,000,000
$100

Pref. stock,

5%

s

non-cum.,

$5,000,000, $100
1st M., $16,000,000 g.,

S

till '05, then

JmC

K1 Q 8

5%

4%

($1,000)

a
y E
*7 non non

>
S

qqq
18S,y

? 1

5

\

4 to 5 g.

{

F.

&

A.

5,000,000 Dec. 1904, 2%
16,000,000 Feb. 1, 1950
Cent. Trust.N.Y. .Trustee.

1899 4 g. F&A

Aug. 1, 1949
7,000,000
*c \ Interest at Central TrustCo., N. Y.rTrustee
000? ..'. ..
Both Issues of bonds are listed on N. Y. Stock Exchange.
Road—The Brooklyn Union embraces 68-417 miles of elevated track
and 19-294 miles of surface track. Total, 88-711 miles. The New York
and Brooklyn Bridge has 360 miles of track in addition.
OnJuly 1,1898, the operation of the Bridge railroad was commenced.
See terms of contract In V. 67, p. 27, 426. In April, 1898, an agree
ment was made with Long Island RR. providing for joint construction
of connecting line at East New York and running of through trains
from Jamaica to Brooklyn Bridge and from Rockaway Park to Broadway ferries. Construction begun in Nov.. 1898, and work completed
V. 67, p. 1054. On May 30, 1903, through service
In February, 1899
by elevated trains (not Long Island RR. trains) from Broadway Ferry
to Jamaica was Inaugurated; but in Nov., 1903, the Board of Aldermen passed an ordinance prohibiting the operating of electric trains
on Jamaica Avenue, and the next month through service was disi

($1

.

(

.!

continued.

Dividends —The first dividend of 2 p. c. on the preferred stook was
paid June 29. 1901; in 1902, June 30, 1 p. o. On Deo. 31, 1902, Ha
p c, and !a p, o. extra. In 1903, June 30, l^p, e.; Deo. 31, Ha p. c
Dec, 2 p. c.
In 1901, July 7, 1*2 PAnnual Report— Now included In Brooklyn Rapid Transit.
OFFICERS— President, Edwin W. Winter; V.-Pres T. 8. Williams;
Sec and Treas., C. D. Meneely.— V. 77, p. 2339; V 79, p. 268.
;

(2)

NASSAU ELECTRIC RAILROAD.—A

trolley road.

Organization—Chartered March 13, 1893, under the laws of New
"fork. Opened in July, 1895, and in April, 1896, leased the Atlantio
Avenue RR., etc. As stated above, the Rapid Transit Company owns
the whole $8,500,000 common stock of the Nassau Electric and
$6,337,425 out of the $6,500,000 preferred stock.
Lease.—Was formerly leased for 999 years from Apr. 1, 1900, to
Brooklyn Heights RR ,but coincidently with a decision compelling the
Issuance of transfers from one leased line to another (V. 79, p. 102)
toe lease was terminated on June 30, 1904. Contract to pay a minimum of 4 p. c. dividends on the pref. stock will, however, be fulfilled.
The Nassau Electrio Railroad owns the entire amount of stook
($650,000) of the Sea Beach Railway; also entire stook ($35,400)
of the Coney Island & Gravesend Ry.
The assets of the Kings
County Traction Co. were purohased at public sale In July, 1898,
by the syndicate conducting the consolidation. V. 67, p. 74, 125.
Certificate of merger of Atlantio Ave. RR. and United RR. (the latter
being successor to the Brooklyn Cable Company sold at foreclosure.
Deo. 23, 1897) was filed on Jan. 26, 1899. V. 68, p. 283, 821.
Date.
Interest. Outstand'g.
Maturity
STOCK
BONDS—
Common stock, $9,500,000
$8,500,000
Pref.4p.o.oum,$6,500,000
....
....
6,500,000 Nov./J,'04,4%
Bonds—For details see Rapid Transit statement above.
ROAD— Owns 130*474 miles of single track; also owns the stock of
the Coney Island & Gravesend (6 63 miles) and the stook of the Sea
Beach Railway (14024 miles); total track, 151-131 miles.
Atlantic Ave. RR. (now part of Nassau Electrio) owns the doubletrack steam road from Jamaica to Flatbush Avenue Station in Brooklyn, 9^ miles (19 miles of track), whloh is leased for 99 years from
June 1, 1877, to the Long Island RR. Co., affording that company entrance into the City of Brooklyn—rental, formerly a percentage of receipts, was changed in 1895 to $60,000 yearly. V. 61, p. 828. Litigation has arisen with Long Island RR. with reference to use of Atlantio Avenue.
See V. 74, p. 1139.
Dividend— First dividend under lease was paid Dec. 31, 1900, 4 p. 0.
Nov., 1901, 4 p. 0.; Nov., 1902, 4 p c; Nov., '03, 4 p.c; Nov., '04, 4 p. c.
LATEST Earnings— For 6 mos. to Dec. 31 in 190 L, gross, $1,382,
649; net, $557,288; other tnoome. $37,54<»; charges, $488,992; surplus
$105,945.-V.70,p.l25,328; V. 71, p. 1220, V.72,p. 240,339,342,

&

-

2-37

*84

251330 242-484

Total miles operated

10-424
3-480

t<*:

(3)

PROSPECT PARK & CONEY ISLAND RR.-A trolley road.

Organization— Controlled by Long Island RR., but on June

17,

1899, the Brooklyn Rapid Transit Co. took possession under a lease for
999 years to the Brooklyn Heights RR. ana equipped the road electrically. (V. 68, p. 1224; V. 69, p. 654.) Rental is $40,000 per annum
and expenses until 1910, when amount increases to $45,000. In consideration of a guaranty by Long Island RR., annual interest on the
greater part of P. P. & C. I.'s bonded debt has been reduced from 6 and
7 per cent to 413 per cent. See V. 56, p. 42; V- 62, p. 187.
Date.
Interest.
Outstand'g. Maturity.
STOCK
BONDS—
Stock, $100
$250,000
2d M., now 1st ($1,000 > 1886 4** F. & A. 340.000 Feb. 1, 1926
each),o.*&r
6
F. & A.
160,000 Feb. 1, 1926
\ 1886

&

1891 4>*g. M.&S.
96,000 Mar. 1, 1931
1891 6
M.&S. 104,000 Mar. l, 1931
Interest on above mortgages payable at U. S. Mort. & Tr. Co., N. Y.
Income bonds, non-oum. 1880 6
250,000 May 1,1920
R. E. M., June 30, 1904
29,766
5%
Bills paya'le June 30,'04
430,500
ROAD— Embraces 25-26 miles of single traok.
Earnings.— Now Included in those of Brooklyn Rapid Transit. The
Prospect Park «fe Coney Island reoeived as rental from Brooklyn

3d M. (now 2d), gold

>

&r.

\

($1,000 each),

0.*

MN

Heights in 19031904 $40,000; rental of buildings, $28,207;
$68,207; interest, taxes, &c, $61,023; surplus, $7,179.

CONEY ISLAND & BROOKLYN ReCars commenced

total,

running
organization— Chartered Deo. 10, 1860.
over the Brooklyn Bridge Feb. 15, 1898. See V. 66, p. 333.
Brooklyn City <te Newtown was leased In November, 1897, for 999
years, and in 1900 was merged into the Coney Island <te Brooklyn.

:

'
'
'

STREET RAILWAYS.

752
&

Outstand'g. Last div., <tt.
Bonds— Date. Interest.
Stock
$2,000,000 Feb., '05,3%
Q.-F.
Stk.$2,000,000(p.$100)
2,000,000 July 1. 1948
4g. J. -J.
First consol. mort.,( 1898
) Mercantile Trust Co. N.Y., Trustee.
$2,000,000, gold
$',500,000 Jan. 1, 1955
Consol mort.$. 0,000 \ 1904 4g. J.-J.
000 goll i$l ,000). c* X Mercantile Trust Co , N.Y Trustee.
$2,000,000 July 1, 1939
J.-J.
5
B'kln CltyANewtown > 1889
Int. at Mercantile Trust Co., N. Y., trustee.
1 st M., $2,000,000.. J
,

$191,605

RE-morts!.....
Bonds— Of the new $10,000,000 bonds, $4,000, 000 are reserved for
No
prior liens an<l $4,500,000 for extensions and improvements.
sinking fund and bonds cannot be called.
ROAD— Brooklyn to Coney Island, with branches, 13^ miles; Brooklyn City & Newtown RR., main line and branches, 985 miles; trackage
rights, 2-27 miles; second track and sidings, 2363 miles; total operated, 49-50 miles.

holiConey Island on Sundays and ^

Beginning May 5, 1901, fare to
days was increased from 5 to 1 oents.
DIVIDENDS— In 1895, 6 per cent; In 1896, 5 per cent; In 1897, 6 p. o.;
in 18937812 per cent; V. 67, p. 955; In 1899; 10 per cent; in 1900, 10
per cent; In 1901. 13*9 p. o.; in 1902, 16 p. o. Ib 1903, 16 p. pan
1904, 16 p. c. In 1905, Feb., 3 p. o.
R e PORT— For years ending June 30
Oth.ine. Int. taxes. etc. Bal..sur.
.Vet.
Gross
12 mos
$308,005
$5,227
$272,706
$575,484
1903-4 "$1.643 763
325,971
270.287
1,440
594,818
1902-3... 1,603,857
Pres., John L. Heins; Vice- Pres., Louis Fitzgerald; Trea6Officers—
and Secy.. D. B Cannon; Supt, D. W. Sullivan.— V 79, p. 1704, 2455'
,

2587, 2747; V. SO,

p.

599.

BRUNT
VAN trolley road. STREET & ERIE BASIN
A

RR.—

Stock, $200,000-,
debt, $65,000. Track, 3 miles, changed
net, $19,422; other inGross, 1903-4, $54,841;
come, $952; charges, $5,840; dividends <5%S $i0,000; balance, surplus, $4,534.

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

Funded

par, $10.
to electricity in 1898.
all issued;

Officers —President, John F. Murphy; Secretary and Treasurer,
Wyllvs Terry. Office. 264 Van Brunt Street, Brooklyn, N. Y.

BUFFALO,

N. Y.

DEPEW RY-- A 1897.
BUFFALO &Incorporated on Apr. 27,trolley road.controlled
Is

Organization.—

by

the Investment Co. of Philadelphia.
On Deo 9. 1904, the Buffalo <fc Rochester was Incorporated (V. 79,
p. 2695) with, $3.0)0,000 capital for purpose of extending iii.e from
Depew tn Rochester.
Maturity.
Interest.
Outstand'g.
Date.
Bonds—
Stock
$305,000
Stock, $350,000 ($100)
5 J.-J.
350,000 Jan. 1, 1931
Buf * D.l stM., $350,000 1901
Earnings— Year ending June 30, 1904, gross, $9,257; deficit under
operation, $14,028; fixed onarges, $19,553; total deficit, $33,581.
Road— Operates a double-track road from Buffalo to Depew, 14*3
miles of track; 60-lb. rail; 5 cars. Extension 60 miles to Rochester
Is In progress.
Treas., John J. Collier.
Officers— Fres., Henry H. Kingston; Sec.
V. 79, p. 2695.

&

it with the American system by the acquisition of the
arch bridge at Niagara Falls and the Suspension Bridge between
Queenston and Lewiston, which bridges have been equipped with

and connected
steel

trolley tracks.

Stock & Bonds—
common, $10,000,000.

BUFFALO DUNKIRK & WESTERN

RR.-To

Organization.— Incorporated in New York as a consolidation of the
Lake Shore Traction Co and the Dunkirk & Point Gratiot Traction
Co. Holcomb Latimer & Co., Buffalo, offered the bonds for sale in 1 903,
giving a bonus of 100 p. c. In stock. Private right of way except in
Franohisea run 99 years. Will enter Buffalo over
cities »nd towns
Internat. Ry. Co.'a tracks. At Westfleld will oonnect with line to
Cleveland

STOCK

&

BONDS—

Date.

Interest.

Stock, $3,5C0,C00 ($100)

Outstand'g.

Maturity.

$3,500,000

1903 5 8-M-N
May 1, 1923
2,500.000.
*3 500 000
«-S Interest at Standard Trust Co., N.Y. or at
Lih wa.uuuj
goia /*i c,n(\?
c
Cleveland Trust Co. Cleveland, trustee.
^
Bonds.— $1,000,000 are reserved for acquisitions, improvements,
betterments and extensions.
Road.- Is to extend from Buffalo to Silver Creek, Dunkirk, Fredonia,
Brocton and Westileld, a dlstai.ce of 90 miles. Western Division, DunklrK to Westileld, was opened Deo. 10, 1903. Construction of remainder has been suspended for the present. See V. 78, p. 2010. 95 lb.
girder rails in cities and towns; other rails 70-lb.
Officers— 1st Vice-President. Truman G. Avery, Buffalo; 2d
Vice-President, Homer H Peters; Secretary, Clarence M. Bushnell,
Buffalo.— V. 77, p. 950, 2279; V. 78, p. 2010; V. 79, p. 2746.
1st

mort

<\

'

,

BUFFALO SOUTHERN
Organization.— Incorporated

RY. CO. -A trolley road.

New York on

Aug. 26, 1904, and
Hamburg & Anrora Ry. and the BufGarden ville <fe Ebenezer Ry. V. 79, p. 2146.
Stock & B )\IQ3.— Vuthoriiei bond Issue, $2,000,000. Stock>
$2,000,000. Of the bonds, $300,000 Issued at this time with which to
take up >>ll underlying bonds and claims. Contract has been made for
$500,000 (including the $300,000) bonds and $500,000 stock to construct the road to East Aurora and rebuild and re-equip the present
is

in

a consolidation of the Buffalo

falo

lines.

Road. -Operates 20 miles of track from Buffalo to Hamburg, Orchard Paik, Gardenviile and Ebenezer. An extension to East Aurora,
15 miles, is under construction.— V. 79, p. 2146, 2641.

BUFFALO & "WILLIAMS VILLE ELEC- RY.
Chartered Aug.
1891.
Organization—

In May, 1G03, capital was
increased from $75,000 to $3,500,000, and in July, 1904, a new mortgage for $3,500,000 was made, to provide for extension to Rochester.
Vale.
Inttrest.
Bonds—
Outstand'g.
Stock
Maturity.
Stock, $3,500,0'
$7*,000
1st Mtge., $-5,500 000 > 1904
117,000
5g.
July 1,1944
Int. at Commonwealth Tr.Co Buffalo, Trustee.
g. ($500 & $1,< 00)..
Bonds -Are subject to call on any interest date at 105.
Road— 4»« m. of track, Buffalo to Williams ville. An extension from
WJlliamsville to Rochester, 60 miles, under the name of the Buffalo
Baiavia & Rochester RR, is now under construction, and completed
to Batavla. Rails 80-lb. T and 90 lb. grooved girder.
OFFICERS— Pres., Geo. L. Lewis; Vice-Pres., Spencer Kellogg; 8eo. and
Treas., S.R Mann; Gen.Man,L.L. Grove.— V. 78, p 2383; V.79, p. 268.
10,

&

.

<,

,

INTERNATIONAL TRACTION
page 753).— Trolley.
Organization— Organized on Jan.

18, 1899,

CO.-(See Map

Maturity.

$10,000,000
5,000,000
4g.,J-J 18,255,000 July 1, 1949

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

&

&

,

&
&

&

&
&

Liens

Stock

&

Constituent and

of

Bonds—
£

M

i

}
{

1st Con. M. ($1,000)

Maturity.

650,000 July 1, 1905
Int is payaDle at Nat BarJt j Commerce.N. Y
1882
293,500 Sept.1,1912
6 M-S
Int> i8 payable at company's office, Buffalo.
1891
67 5 g. F -A
4,056,000 Feb. 1, 1931

—

.

Mercantile Trust Co., N. Y., trustee.

J

Int. is payable at Co's. office, Buffalo, E. W. Clark
Co., Philadelphia, or Mercantile Tr. Co. , N. Y.
6 3"
1.000,000 Apr. 1, 1917
debe'tures f 1897
Metropolitan Trust Co , N. Y., Trustee.

$5,000,000 gld.c&r

1

I

Rv

Outstand'g.

6&7 J-J

Buffalo tu. Side 2d m.
tsunaio F &iae za

Buff

Owned Companies.

Date. Miles. Interest.

Buffalo St. Ry. 2d M.

^'nnLnnlr!'
a
io^ 3 fw inri'

&

—

A °

Secured by deposit of $2,000,000 stock of Crosstown Street Ry. Interest at company's office,
Buffalo, or Mercantile Trust Co., New York.
1894 .... 4ifl J-D
$150,000 June 20, '09
Buff. Ry. R. E. mtg..
Can be paid at par on any Interest date.
*Tonawanda Elec.
A-O
4
40,000 Apr. 1, 1907
RR. 1st mtge... .. Interest at Metropolitan Bank.
'Tonawanda St. Ry.
6 J-J
60,000 July 1, 1912
1 St M., $250.000..
Interest at Morton Trust Co., New York.
Crosstown Railway— Guaranteed bonds.
1st M. g., ($3,000,1892
73 5g. M-N
2,974,000 May 1,1932
000), gu. p.&i.o* Int. at Metropolitan Trust Co., N. Y., Trustee.
Buffalo Traction 1st 11898 .... 5g. J-D
673,000 Dec. 1, 1948
mort... $5 ,000,000 Int. at Metropolitan Trust Co., N. Y., Trustee.
215,000 Junel,1927
(1897 .... 5 J-D.
Buff.Bellev.&Lan.M. \ Redeemable June, 1903, at 102, and Ja per
cent less each year until at par.
(
Buff.&NiagaraFalls '1895
.-..
750.000 July 1, 1935
5g. J-J
Elec. Ry.— 1st M.,
Int. at Mercantile Trust Co., New York.
$750,000, gold... c;
135,000 July 1, 1921
2d M., $250,000, g. ,; 1896 .... 5g. J-J
s. f., red. aft. 1901
c' Interest at Mercantile Trust Co., New York,
Tnmtpft
at 105, $1,000...
Buff. & Lockport 1st < 1898 ...'.
500,000 July 1, 1938
5g. J-J
M., g., $500,000... X Int. at Colonial Trust Co.. New York, Trustee.
Lockp. & Olcott Ry. ) 1900 ....
5 J-J
800,000 July 1, 1920
1st M., $1,000,000 Int. at Morton Trust Co., N. Y., Trustee; also at
Buffalo. Guar., p. and 1., by Internat. Trao'n.
gold, $1,000. ...c*;
300,000 Jan. 1, 1928
1897 .... 5 g. J-J
Niag. F. Susp. Bdg..
Toronto General Trusts Co., Trustee.
Clifton Susp. Bridge
Interest at American Exoh. Nat. Bank, N. Y.
1898 .... 5g.
125,000 Oct. 1,1928
Lew. Con'g Bdg. Co. Toronto General A-O
Trusts Co., Trustee.
Queens. Hts. Br. Co.
Interest at American Exch. Nat'l Bank, N. Y.
Niagara Falls Park
1893 ....
5 J-J
600,000 Jan. 2. 1914
«fe River 1st mort.,
Canadian curr'nev Interest at Imperial Bank, Toronto, Canada,
518.C00
*Niag. F. &8usp. B.. 1893 ....
4 J-J
1913
4 J-J
*Niag. F. Whl. & No.. 1894
22,500
1913
* All owned by International Traction Co.
Bonds— The Buffalo Ry. real estate mortgage matured June 20,1904
but was extended at 4^9 p. c. until 1909 The Niagara Falls <fe Susp
Bridge bonds of 1893 and the Niagara Falls Whirlpool & No. bonds of
1894 given in the table above matured in 19(3, but were acquired
by the International Traotion Co. and extended ten years and then
d< posited with the Guaranty Trast Co. of New York as additioi al
security under the International Traction Co collateral trust mortt

'

\

i

1902 ($500,$1,000)

1

i
<

'

i

J

i

'.

'

1

gage.

COMBINED STATEMENT OP INTERNATIONAL RT. AND INTERNATIONAL
TRACTION CO.
19021.
1904.
1903.
Fiscal year end. June 30—
Gross earnings from operation
Operating expenses

$4,012,489 $3,663,828 $4,426,676
2,428,262 2,013,624 2,256.481

Net earnings
Miscellaneous income

$1,584,227 $1,650,204 $2,170,195
348,743
64,345
62,488

Total net income
Fixed charges, incl. int.
on bonds of I. T. Co

$1,646,715 $1,714,549 $2,518,938

under N.J. laws, and has

all the eleotrio railways connecting the cities of Buffalo,
Falls, Lockport, North Tonawanda and Tonawanda, together
with all the street railway systems in all of said cities; also the electric railway connecting the villages of Depew and Lancaster with
Buffalo.
It also acquired the Canadian eleotrio railway, traversing the entire length of the Queen Victoria Niagara Falls Park,

Interest. Outstand'g.

Collateral trust, $30,000,000 { 1899
Guaranty Tr. Co.. N.Y., Trustee. May
($1,000), gold, c*. Interest <
at J. P. Morgan & Co.
be called at 110
int.on any int. date.
<
Of the $30,000,000, $12,285,000 were originally reserved to take up
an equal amount of the underlying bonds of the allied and controlled
companies outstanding, and $540,000 of that amount has been Issued
for that purpose, leaving $11,74-^,000 still reserved. The syndicate
agreementwith J. P. Morgan
Co. covering part of these bonds ana
part of the preferred stock was terminated September 1 1902. In
March, 1904, common stockholders received their stock in exchange
for certificates of interest previously held by them. V. 78, p. 989.
Consolidation of Constituent Gompmnxes.— On Feb. 20, 1902, the International Railway Company was Incorporated in New York with
$10,1 20,500 stock, and in Aug, 1902, this was increased to $17,000,000, of which $16,3- 0,500 has been issued (all owned by the International Traction Co.) as a consolidation of the following companies,
whose shares had previously been held by the T' action Co.; V. 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue Se
Lancaster had first been merged in the same).
Buffalo
Niagara Falls ELctric Railway.
Buffalo
Lockport Railway (after Elmwood Ave. & Tonawanda
Electric Railway had been merged).
Niagara Falls Electric RR. Co.
Buffalo Tonawanda
Lockport.
Olcott Railway.
Niagara Falls <fe Suspension Bridge Railway (after the Niagara Falls
Whirlpool
Northern Ry. had been merged in it).
Niagara Falls suspension Bridge Co.
TheButfalo Railway owned the $2,860,000 stock of the rrosstown
Street Ry. of Buffalo, and this passed to the International Railway Co.
On July 1, 1902, the International Ry. Co. acquired by purchase the
Niagara Falls Park &, River Ry., the Clifton Suspension BrldgeCo., the
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co. This
leaves the Crosstown St. Ry. Co. of Buffalo and Inter. Ry. Co. as the only
operating companies and eventually (that is as soon as the $1,000,000
Buffalo Ry. debentures secured by $2,000,000 stock of the Crosstown
St. Ry. are retired) the Crosstown Street Ry. can also be merged, thus
leaving the International Railway Co. the sole operating company and the rnternational Traction Co. the holding company. All
the outstanding stock of the International Railway, $60,000 bonds of
the Tonawanda Street Railway, $518, <>00 bonds* f the Niag F. ASusp.
B. and $22,500 bonds of the Niag F. Whl. ^ !> ortrern are pledged as
security for the International Traction collateral trust loan.

1,565,061

1,538,484

1,757,877

$81,654

$176,065

$761,061

Surplus

acquired

Niagara

Date.

Stock,

&

be a trolley road.

[Vol. lxxx.

Pan-American year.
Latest Earnings.— For 6 months to Drc. 31:

t

Gross.

1904
1903

Ifet.

$2,252,729
2,174,765

$1,103,445
1,009,988

th

rats.

$833,341
796,445

Surplus.

$270,104
213,543

STREET RAILWAYS.

Feb., 1905.J

753

MAP OP THE

IOLCOT1

INTERNATIONAL TRACTION
BUFFALO & VICINm

CO.

wfane

Coomer

g

Sta. o}

B« 6
Wilson ,Sta.

JHARLOTTEVILLE

Randall Road

Maplestreet

N

°

Coomer
,.,

Jfil«

coRwiNsijtr Ridgeroad

P

R

R

I

South Wilson

( ~-

East Wilson

Lansomville

«
Warrens Corners;

WF IGHTS

Cambria
Niagara

N

Jc.

/w
kory Corners p

fjVlodeltowri

M

B

R/l )A

LOCKPORTWest Lockport^

,>

Pekin

=•

Lockport Junction]

RESERVATION

BHociri\^

I

monumIb
L
QNiagara
University

"«rl
*•;

Sanborn
_Gl

^

SSfiF?//

^°?
—

\<?^
a

A* \-

°£

^-—-"von*

JrWE"

f "*

Shawnee

o;

cTlWalmore

Mapleton Sta

-^-je*

G

A,

<3

A

R

W H E
Bergholtzn.

A

A\T

N
P M.
PENpLETON

•

F

EiL

I

N

Raymond

A

St.Johnsburg

ERIE

Beach Ridge,

\PendIeton,
to.

Millersport

i^^c.&'fTRl

r

\

Wendelville

»v ,V
rs Creeli

hippa\

wiek

SLATER'S
\pOINT

m

st-iis^

[Martinsfille

^gRTHifTONAWANDA
*OBK

(

East Amherst

CEr.

Getzvill?

Transit

[

Stia..

i

'ATONAWAjNDA

W
E

R

E

HJ

4^
e

TO
<-

M

T

S

A,

f
EN MORE,
>aeb)V.\ -VI-

^

^T

\A
N

~°m
"**s/N

Lfu.

-Michigan
ui

StevensviHe

°

i

.WrK

^Jota

dVL E//T
'

D

INIAGARA F/(lLS

^

0/R T

P

•"Su°-

Mayle

J----;
-r

OY/C^K

,fitte

r^

Snyder

R
tLerJVUJLLOJVLA

-i

\

L. J.C

gra"n7T
T «^j;

CH

Bridgeburg/'ftjf,

/Tf>WJ^Y
G AY

E r E' K

DEPEW

A

t^tt-co

"•te^nas

Fort Erie

Fort
L..

Belle

vue^

buf.belalan.c
U
h

'W

FFA
x

c<*

J££SJ>

o
/o?

i-.

inch.-s(_er/
L'Sta.

Creek
ssoih°
BlOSSOJ

Ebenozi'i- Sta. PENN4

iW/EST

Z

o*>1

/

W EST-Stf.N ECA
^"
.

"

J

'

r

/

Gardenville
.'

R

.

|sp?mg~

S E N E C A
Ebenezer _y^\ Brook Sta

)

,

STREET RAILWAYS

754

miles of track. Equipment consists of 550
motor box cars, 5 comb'n passenger and express cars, 175 motor open
cars, 12 motor freight cars (Inoluding 2 electrio locomotives, 61 motor
sei vice cars, 50 snow plows (including 9 rotaries, 2 sweepers, 60 T rail
box cars, 109 T rail open cars and 19 T rail freight cars, 6 electrioal
sub-stations, 4 power houses, and various other buildings, parks,

Road— Operates 356-29

hotels, Ac.

OFFICERS of all operating companies— President, W. Caryl Ely; VicePresident, D. S. Lamont; Secretary and Treas., Richard F. Rankine;
Gen. Manager, Thos. E. Mitten. Auditor. H. M. Pease.
Executire Committee.— Charles Steele, Francis Lynde Stetson. Temple Bowdoin and Wm. B. Rankine of New York; W. Caryl Ely of
Buffalo; and T. De Witt Cuyler and E. T. Stotesbury of Philadelphia.
-V. 76, p. 1355: V. 77. p. 498; V. 78. p. 989. 2012; V. 79, p. 2697.
OFFICERS of International Traction Co. -President, W. Caryl Ely;
Secretary, Chas. MacVeagh; Treasurer, Richard F. Rankine; Auditor,
H. M, Pease.

BURLINGTON, IOWA.

LIGHT Ky. &
BURLINGTON RAILWAY & the BurlingtonCOfranchises and good-will of
Allthe
stock, assets,

Light Co. have been purchased by the People's Gas & Electric Co. of
Burlington forming its only asset. The People's Co. has no bonds of
its own outstanding.
Date. Interest Outstand'g. Maturity.
BONDS—
STOCK
$1,100,000 ...........
Stock, $1.250,000
750,000 Oct. 1, 1917
IstMi, $750,000 ($500, Ac), < 1897 5g. A-O
red.aft.Julyl,'02,atl05,g.o* I Int. at American L.&T,Boston, trustee,
Bonds are guar. prin. and int. by endorsement by People's Gas .V
Electric Co. of Burlington, and the latter has made a trust deed to seoure the guaranty.
RoAD_Total track 18 miles trolley 48 and 66 lb. T rail. Operates
22 motor and 25 trail cars. The People's Gas & Electric Co. contemplates an extension to West Burlington and other improvements, at
an aggregate cost of $175,000.
EARNINGS— For year ending Deo. 31, 1901, gross, $169,940; expenses, including taxes and insurance, $98,730; net. $71,210.
OFFICERS-President, G. H. Higbee; Secretary, E. C. Walsh; Treas.,
J. T. Remey.-V. 64, p. 41, 468, 753; V. 68, p. 1022; V. 74, p. 1307.

&

;

BURLINGTON, VT.

BURLINGTON TRACTION
Date.
& Bonds—
$200,000

CO.-A trolley road.

Maturity.
$200,000 1903-04, &%
"par $100
Stock
125,000 Jan. 1, 1914
Win. &B. Horse RR. 1st) 9** 1894 6g.J-J
Not subject to call before maturity.
$150,000, gold, >
o) Interest at Burlington Trust Co., Trustee.
$500 <fe $1,000
Road— Owns 11 miles of track in city of Burlington. Rails 50-lb.
T. Owns 8 box cars, 10 open cars, 3 snow plows.
Ear N NQS— For fiscal year ending June 30:
Dividends. BaL.sur.
Interest.
Net.
Gross.

M

I

$12,000
$7,500
$34,658
$78,432
10,000
7,500
35,947
74,034
OFFICERS-President, Elias Lyman; Vice-President, J no.
Treasurer. W. F. Hendee; Secretary, 8. L. Platka.
1903-4
1902-3

$15,158
18,447
J. Flynn;

WAY in December,
BUTTE ELECTRIC RAILVirginia -Trolley. 1899,
in
West

company was incorporated

as successor to the Butte Consolidated Railway (operating 21 miles of
track), sola at foreclosure.
Maturity.
Date. Interest. Outstanding.
BONDS—
STOCK

&

$1,000,000
St'k*l,000,000,par$100
Mar. 1, 1925
700,000
1st M. $700,000 gold, J 1900 5 g. M.&S.
*e < Int. at Mercantile Tr. Co., Boston, Trustee.
$1,000 each
Bonds— May be called for payment on March 1, 1915, or on any interest day thereafter. Sinking fund of 10 per cent par value of bonds
begins March

1,

1916.

OFFICERS-President W. A. Clark, Butte; Vice-Pres., F. E. Sargeant,
49 Wall St., New York; Secy. & Treas., Pierre V. C. Miller, 49 Wall St.,

Y.—V.

N.

64, p. 663; V. 69, p. 1300; V. 72, p. 190.

CAIRO, ILL.
CAIRO ELECTRIC & TRACTION CO.-Trolley.
formerly the Cairo Electrio Ry„
in

but
Organization— This was
May, 1903. after having acquired the Egypt Electrio Co. and the Cairo
Light & Power Co., and merged them, name changed to above.
Electric

Stock

&

Bonds—

Date.

Interest.

Outstand'g.

Maturity

...
$150,000
...
8tock, $150,000, ($100)....
1923
5 g., J-D
100,000
let Mtg. $150,000, gold, < 1903
o( Int. at Central Tr. Co., Chicago, Trustee.
($500
$1,000)
Bonds— $50,000 are reserved for extensions and betterments. Are
subject to call on any Interest date after 10 years at 105.
ROAD— Operates 9^ miles of track in Cairo, Together with the electric lighting and power plant. 40 to 60-lb T rail, standard gauge.
OFFICERS-President, W. P. Hallidav; Vice-Prest. and Gen. Mgr.,
0. Wiight; Secretary, Jno. W. E»kin; Treasurer, J. S. Aisthorpe.

&

H

CALAIS ME.

CALAIS STREET RAILWAY-A trolley road.
Organization— Stock, $100,000 first mortgage, 1894, 5s, J&J
$100,000 due July 1, 1918. Current liabilities, June 30, 1904, $9,940.
Year ending June 30, 1904, gross, $27,952; net, $4,118; interest
;

and taxes, $5,453; balance,

—

5gMN

(

deficit,

$1,335.

Road Calais Street Railway, lower wharf to upper bridge, Calais
4 miles; St. Stephen Electric St. Ry. MUltown, N. B., to St. Stephen, N
B., 3 miles; total, 7 miles. The St. Stephen Electric St. Ry. Is a separate corporation, but is owned entirely by the Calais company.
Officers— Pres., George A. Curran;

Treas., C. W.

CAMDEN,

Young,

,

,

Of the $1,750,000 issue, $750,000 are reserved to retire above outstanding prior liens and the remaining $377,500 is held for extensions at not exceeding $40,000 per mile in Trenton and Camden and
not exceeding $20,000 per mile outside those cities.
Road— Comprises the electric-light plants and 38 miles of road
between Trenton and Riverton (where connection is made with Camden & Suburban Ry. tracks). By a contract between this company and
the Camden & Suburban, the Camden & Tren. Ry. cars run direct to the
Philadelphia Ferry at Market and Federal sts.. Camden. Connects
with the Trenton & New Brunswick at Trenton, which latter road connects with the Public Service Corp. of N. J. direct to Jersey City and
New York, thus atf rding through trolley service between New York

and Philadelphia.
J. Dixon
office, Riv-

OFFICERS-President, H. V. Massey, Philadelphia; Sec'y,

Andrews and Treas., M. B.Perkins, Riverside, N.J. Principal
erside, N. J.: Philadelphia office,
V. 80, p. 162.)

Land

Title

Building.— (V. 79,

p. 2084;

CANTON, MASS.

BLUE HILL STREET

RY.-A trolley road.

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

Outstand'g.
Maturity.
Stock, $300,000. $100...
$300,000
5 g. A.-O.
1st mortge., $500,000, * 1903
250,000
Oct. 1, 1923
gold ...
Int. at City Trust Co.. Boston, Trustee.
5
"Current liabilities" Sept, 30, 1904
142,178
Bonds fcubject to call as a whole at 115 and Int. on any int. day.
Earnings— For year ending Sept. 30. 1904, gross, $72,864; net, $13,225; fixed charges, $19,584; deficit, $6,359.
Road— Operates 15 75 miles of track from Mattapan, where connection is made with the Boston Elevated R7., to Canton and Stoughton,
at which latter point it connects with the Bristol
Norfolk St. Ry.
and the Old Cob ny Street Ry.
Officers— Pres., C H. French; V.-Pres., F. S. Pratt; Treas., A. Stuart
Pratt; Gen. Mgrs., Stone
We bster, B oston V. 78, p. 1906.
-

&

&

—

CANTON,

O.

CANTON-AKRON RAILWAYS trolley road.
Organization— Incorporated in Ohio in Feb., 1901. In 1902 aoquired
the Canton-Massillon Eleo. Ry. Operates cars in the city of Akron over
the lines of the Northern Ohio Traction
Light Co. by traffio agreement. Franchises expire in 1925 and 1926.
Date. Interest. Outstanding. Maturity.
STOCK
BONDS—
Common, $1,200,000 ($100)
$1,038,900
Pref. 6% n.cu. $800,000 ($100) ....
6
J-J
725,700 Jan., '05,3%
Canton Akron 1st mortgage S 1902 5 g. M-S
1,10^.000 Mar.1,1922
$2,000,000, g., ($l,000).o* \ Int. at Knickerbocker Tr. Co.,N. Y., Trust.
850,000 May 1, 1920
ranton-Masslllon 1st mort ( 190 ° 5 S- M-N
Merest at Cleveland Trust Co., trustee,
«i
«>i,uuu).... 1
!t>i,uuu,ow, g.,V1 nnm
or at standard Tru8t Co ^ New York.
^
Bonds- Of the $2,000,000 Canton-Akron bonds, $850,000 are reserved
to retire the Canton-Massillon bonds and $41,000 for extensions and
Improvements at not exceeding 23 of cost. Neither issue subject to call.
Dividends- 3 per cent on preferred stock paid Jan. 1, 1903; also
3 p. c. July 1, 1903. In 1904, 6 p. c. In 1905, Jan., 3 p. 0.
ROAD- Operates 22 miles of track from Canton to Akron (completed
May, 1902); 8 miles from Canton to Massillon; 5 miles from Massillon
to Navarre and 20 miles In the cities; total, 55 miles.
Track, standard gauge. Rails, 73-lb. girder, 56, 60 and 70-lb. T.
EARNINGS— For year ending Deo. 31, 1904, gross, $42<l,326; net
$149,676; interest and taxes, $104.«80; divs.. $43,542; surplus, $1,454.
OFFICERS-President, Wm. H. Hoover, New Berlin, O.; Secretary,
Chauncey Eldridge, Boston; Treasurer, Philip L. Saltonstall. 53 State
Street, Boston.- V. 76, p. 593,751, 1083, 1191.

&

&

.

.

L nnnT

BUTTE, MONT.

This

&

Date. Interest. Outstanding.
Maturity.
Bonds—
STOCK
Stock, full paid $10)
$1,750,000
1st M. g., $750,000
1899
)
710,000
Nov. 1, 1929
($500 and $1,000)0* 5 Provident Life & Tr. Co.,Phila., trustee.
lstg'n'lM., $1,750,000)
1901 5 g. J-J
$622,500
July 1, 1931
$500 and $1 .000 g . . 5 Providence Life & T Co. Phlla. trustee.
Bonds— Of the $750,000 bonds, $40,000 are reserved (uncertified)
to retire like amount of bonds of the Cinnaminson Eleo. Light &
Power Co. due April 1, 1914. V. 70. p. 279.

Int'rest. Outstand'g.

Miles.

Stock

[Vol. lxxx.

Calais,

Me.

N. J.
RAILWAY-Trolley.

CAMDEN & TRENTON incorporated
York-Philadelphia
was

Co.
in ?New Jersey on
The New
Dec. 31. 1904, with $+.000,000 ptock, to hold the stocks of this company, the Trenton & New Brunswick KB. and the New Jersey Short
Line (under construction between Metuchen and Elizabeth). V. 80,
See statement under "Trenton."
P. 163.
Organization.— incorporated Dec. 15, 1897.
Owns 395 out of 400 shares (par $50) of the capital stock of the Cinnaminson Electrio Light, Power & Heating Co. of Riverton, N. J
which supplies the towns of Beverly, Delanco, Riverside, Riverton
and Palmyra with light. Also owns 1,362 shares (par $10) out of
1.6C0 shares of the capital stock of the Bordentown Electrio Light &

Motor Co., which supplies light to Bordentown and vicinity. The
bonds below, besides being secured by mortgage on the road between
Camden and Trenton, are further secured by a deposit of the holdings
of the stock of these two companies. Stock and the first mortgage
bonds are listed on the Philadelphia Stock Exohange. In Feb., 1902,
the par value of shares was changed from $100 to $10. V.74, p. 150, 679.

THE CANTON-NEW PHILADELPHIA

CO.— A trolley road.

RY.

Organization— Incorporated in Ohio in July, 1902. Built on private
right of way except in towns and villages. Franchises run 25 years.
Is controlled by Tucker, Anthony
Co., who also control the CantonAkron Ry. and the Tuscarawas Traction.
Date.
Interest. Outstand'g
Maturity.
Stock
BONDS—

&

&

Common.

$300,000, $100
Pier.6%non-cum.,$300,000,
?T I

'

'

'

• -

- -

._.._«•

$300,000
)

1st Mtge., $1,COO,000, gold,
o*
($1,000)

)
S

300 QQ0
1903 5 g, F-A 565,000
Feb. 1, 1923
Int.atAm.Loan&Tr.Co., Boston/Trustee

Bonds— $435,000 are reserved

for future extensions at not exceeding $25,000 per mile for ^ actual cost; and for improvements at ^
actual cost, but limited to $75,000 until net earnings equal twice
amount of interest charges. Entire issue, but not any part, is subject
to call at 105 and interest upon three months notice.
Road— Operates 22*6 miles of track from Navarre (where connection
is made with the Canton-Akron Ry. to Canton) to New Philadelphia.
At the latter point connection is made with Tuscarawas Traction,
running to Urichsville. Was put In operation May 2, 1903. Standard
gauge, 75 to 80-lb. T rail. Power is provided by Canton- Akron Ry. Co.
OFFICERS-President, Philip L. Saltonstall; Secretarv & Treasurer.
Chauncey Eldridge, both of Boston.— V. 76, p. 1083, 1191.

STARK ELECTRIC RR-An electric railroad.
ORGANIZATION— Incorporated In Ohio and is a consolidation in December, 1902, of the Alliance Electric Ry. and the Stark Electric Ky.
Controls the Salem & Eastern Electrio Ry. That company has no securities outstanding.

&

Maturity.
Date. Interest.
Outstand'g.
Stock
Bonds—
Stock, $1,000,000, $100
$1,000,000
l,0i^0,000
Jan. 1,1928
1st M. $1,000,000 gold) 1903
5 g. J J
c. s Int. atCit. Sa v. &Tr. Co., Cleveland, Trustee,
($1,000) s. f
Bond*— Can be called after 5 years at 105.
Road— Operates 34 miles of track from Canton to Salem, Including
Allian e Ciiy lines. Standard gauge. 67 and 70-lb. T ralls.and 70 and
90 lb. girder rails. Total mileage, including double track, 36 miles.
OFFICERS— President, C. R. Morley. Alliance; Vice-Pres.. David Morison; Sec, E. S. Cook; Treas., E. Wiebtnson.— V. 76, p. 973.

CAPE MAY,

N.

J.

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

control passed to the Reading Company.
Maturity.
Dale. Interest. Outstanding.

Stock paid in (par $50)
1st mort. ($150,000;... cur.
Other debts Deo. 31, 1904.

1893

(text)

F-A

$150,000
150,000 Feb.
146,449

1,

192S

STREET RAILWAYS.

Feb., 1905.]

In 1894 and 1895 but one Interest payment was made, by mutual
per cent for
consent of bondholders. Interest was reduced to 5
per cent. Trustee Is N. J.
5 years from Feb. 1, 1896, and remains at 5
Trust & S. D. Co., Camden, N. J.
Road— Operates 7*3 miles of track in city of Cape May and extending
to Cape May Point and Sewell's Point.
Earnings— For year ending Deo. 31. 1904, gross, $23,429; expenses,
$41,007; deficit, $17,578.- V. 7 2, p : 532.

CEDAR RAPIDS, IOWA.
CEDAR RAPIDS-IOWA CITY RAILWAY
6 LIGHT coJune. 1903, and acquired
Iowa

in
Organization— Incorporated in
the property and ranch!.- es ot the Cerar Rapids Electrio Light &
Power Co tiro s^iie beiuy frn«- from ondeddebt.' Has long-term franchises In the cities and owns private right of way 100 feet in width
all

755

Co. Franchise is said to be perpetual andexolusive until Jan. 26, 1913.
Stock Is all owned by the Charlotte Consolidated Construction Co.

&

Date.
Interest.
Maturity.
Outstand'g.
BONDS—
STOCK
Stook, par $50
$60,000 f.p
1899
5g. J-J
July 1, 1929
IstM., $500,000, g.,>
338,000
($1,000) s. f ... o* S Int. at Mercantile Tr. & Dep. Co., Bait., Trustee.
Bonds- A sinking fund is provided, operative July 1, 1900, of 1 p.o.
of bonds outstanding to be Invested in bonds drawn by lot, at 107*3
and interest, if not obtainable at lower figure in open market.
Road— Operates 10 miles of track and 20 oars.
*7 et.
v per. Expenses.
REPORT—Years ending Dec. 31: Gross.
.

$168,233
$63,464
$104, ;69
144,669
86,698
57,971
President and Treasurer, E. D. Latta; Vice-President, E.
OFFICERS—

1903
1902

,

B. 8prings; Seo'y, J. L.

Chambers.-

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

f

I

,

between them.

STOCK & BONDS
Common. $1,700,000

,

Dale.

-

Interest.

Maturity.

Oul'tand'g.

$1,700,000
300.000
......
795,000 June 1, 1923
1
5e.J-D
f; mortgage $2,000,000,
I.
let
£ mJnol8Tr(< Sav Bk., Chicago, co-trustee.
o
goldi$l,000)
i D t, at N.W.Harris & Co., Chicago.
$
Bonds.- Besides the $795,000 out, additional bonds may be
issued for completing and equipping interuri an road at not exceeding GO er cent of cost, aud $200,000 after road Is completed,
when in any year net earnings, after all expenses, sh»ll have been
twice charges on bonds outstanding and those proposed to be issued
Remaining $1,000,000 may be issued, under same restrictions as to
net earnings, for not exceeding 75 per cent of cot-t of permanent additions, extensions or other railway, lighting or power companies. A
sinking fund begins April 1, 1908. and bonus are subject to tall on or
after June 1, 1913, at 107»a and interest. See V. 77, p. 2279.
Road— Operates 26 miles oftraok between Cedar Rapids and Iowa
City. Standard gauge; 70-lb. T rails.
Report— The Old Cedar Rapids Electric Light, Power & Steamheating Plant earned in year ending Deo. 31, 1903, *1 15,1 51 gross,
and $40,626 net.
Officers- President, Stephen L. Dows; Vice-Pres., J. K. Smith; Secand Treas., E. E. Pinney.-V. 77, p. 2279; V. 79, p 211.
Pref., 5 p.o.,n.c,

^

$300,000

..Ljnn)

,

.

CITY RY-MARION Outsland'g. Maturity.
CEDAR RAPIDS & Date.

Interest.
Miles.
& BONDS—
$356,000
1891 5J
1, 1931
««nnm«innnJ 14 21 American " J 205,000 July Boston.
$250,000$1,0000. Int at
i^oan & Tv.. Trustee.

STOCK

Stock, $400,000, $100

lrfM
IstM.

'

CHATTANOOGA, TENN.
CHATTANOOGA ELECTRIC RAILWAY CO.
Successor,
Electric Ry., foreclosed.
Stock authorized, $645,000
1st M., $625,000, gold, not

Ely; Secrei ary,

Henry

V. Ferguson; Snpt., F. L. Dlserens.

CHAMBERSBURG, PA.
CHAMBERSBURGRY.-A
WAYNESBORO ST. GREENCASTLE

&

trolley road.

Organ ZATION— Incorporated in Pennsylvania on June 17, 1903; also
owns a turnpike road, 43 miles, capital, $100,000, and an electriclight plant, capital, $30,000.

STOC* AND Bonds—
Common, $150,000 ($50)

Date.

Interest. Outstand'g.

Maturity.

sinking fund and bonds are not subject to call.
Earnings— For calendar year 1904, gross, $65,185;

No

net, after taxes,

$30,756.

Road- Operates 15 miles of track from Green castle to Penn Mar.
Gauge. 5 it. 2i« in. 70-lb. T and 80-lb. girder rail. An extension of
11 miles from Gr eencastle to Chambersburg may be bniltln the future.
OFFICERS— President, W. Rush Gillan; Vice-Pres Geo. B. Beaver,
Wavnesboro; Secretary, H. B. McNuliy; Treasurer, R. W.Ramsey;
Supt., J. M. Wolf, Waynesboro.— V. 76, p. 809.
,

CHARLESTON,

S. C.

CHARLESTON CONSOLIDATED RY OAS
& ELECTRIC CO-ORQANIZATION— Organized February 21, 1899, as a consolidation of
the Charleston City Ry. and Charleston & Seashore RR. under Special
Act of South Carolina Legislature, granting a perpetual charter and
gas and electric-light powers. Also owns the capital stock of the
Charleston Gas- Light Co. ($698,150), and the Charleston-Edison Light
& Power Co. ($100,000), and thus controls the whole field of light and
transportation in Charleston. In April, 1899, bought for $25,000 the
Sullivan's Island Ferry Co. and for
stock of the Mount Pleasant
$4,000 the franchise of the Middle Street and Sullivan's Island Ry.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
$1,500,000 Jan.l0.'05,ia%
Stock, $1,500,000, par $50
Charleston City 1st mort.
808,000 Jan. 1, 1923
($1,000), $850,000, g'd.c. 1898 5 g. J-J
Tax free. Int. at Mercantile Tr. & Dep. Co., Bait., trustee.
1,692,000 Mar. 1, 1999
Consol. M., g., $2,500,000, t 1899 5 g. M-S
Int. at Bait. Trust
Guar. Co., Trustee.
coupon* ($1,000)
i
Holders can also collect coupons at Carolina Savings Bank, Charleston, If presented before the 10th of the month.
Bonds—Of the consol. 5s, $850,000 were reserved to retire the
$850,000 City Ry. 1st 5s, of which $42,000 canceled under sinking
fund and consols issued to company in substitution.

&

&

&

Sinking Fund— Alter 6 p. o. dividend has been declared on stock, a
sinking fund of $10,000 per annum becomes operative on consols.
Divutends- First div. of 13 p.o. paid July 1,1903. In 1904, Jan.^p 0.;
July, *« d. c; In 1905, Jan., *s p. c.
Earnings— For year ending Feb. 29, 1904, gross, $538,173; net, $187,281 int. and taxes, $154,334; sink, fund, $7,350; surplus, $25,597.
Road, Etc.— Owns 40 miles of electric road, of which 30 miles In
Charleston and 10 miles from Mt. Pleasant (connecting by ferry with
Charleston) to Sullivan's Island and Isle of Palms, a pleasure resort
on the Atlantic coast, including land at Isle of Palms, ferry, etc The
company has consolidated all of its three power stations; both railway
systems and light and power division are being operated from same
stations, the seashore division is connected by submarine cable.
OFFICERS— President, Philip H. Gadsden, Charleston Managing Dl.
rector, Samuel H. Wilson, Charleston; Secretary and Auditor, P. J
Balaguer, Charleston; Cashier, W. B. CJlenn. Offices, No 141 Meeting
St.. Charleston.- V. 75, p. 1 33; V. 76, p. 330; V. 78, p. 2010.
;

;

CHARLOTTE,

CHARLOTTE
road.
POWER CO.-A ELECTRIC
trolley

N. C.
RY.,

(

1898

J-J

$645,000
625,000

,

$218,972.

Road— Has 34 miles of track on 25 miles of street, including an extenfurther extension
sion to Sherman Heights completed in July, 1902.
of 5 miles to Chickamauga National Park Is under construction, whioh
has been completed to Rossville, Ga.
OFFICERS-— President and Treas., J. H. Warner, Chattanooga; VicePres., Edwin Warner, Nashville; Sec, T. P. Wells, Chattanooga.— V.
73, p. 183, 1312; V. 78, p. 583.

A

RAPID TRANSIT OF CHATTANOOGA-

CHATTANOOGA & LOOKOUT
Isidore

In February, 1905, Messrs.
and New York, proposed to acquire

Newman &

MT.

Sons of

RY

New

Orleans
all the street railways and electrio
ompanles of Chatianooga and merge them into one company.
For statements of constituent companies see Street Railway Section of October, 1904.

light

<

_

CHESTER, PA.
Statement of Chester Tracticn will be found under " United Power
& Transportation " at end of Philadelphia.

CHICAGO, ILL.
AURORA ELGIN & CHICAGO RAILWAY

Third-rail electric.

Organization— Incorporated

Laws of Illinois.
STOCK & BONDS—
Common, $3,000,000, $100
Pref.

6%

$150,000

150.000
Pref. 6% n.c, $150,000 ($50) ..
5 g. J-J
250,100 July 1,1933
1st mort., $300,000, gold; 1903
o* > Int. at Cham bersburg Trust Co., trustee.
($100 and $500)
Bonds— $50,000 are reserved for extensions at 80 per cent of cost

5g

Outstand'g. Maturity.

Jan. 1, 1919
subject to call ($l,000).o* $ Int. at Maryland Tr. Co., Bait., Trustee,
5g. J-J 1,300,000 Jan. 1, 1924
lstcons. M, $2,000,000 gold > 1904
o&r s Int. at Nashville Tr. Co., Nash v. Trustee.
($1,000)
Bonds— Of the $2,000,000 new bonds, $625,000 are reserved to retire
the first 5s. No sinking fund on the new bonds, but they can be redeemed on any interest date at 105 and interest on 30 days notice.
GROfS Earnings—For fiscal year ending Sept. 30, 1904, gross,

j

ROAD— Owns road in operation 14*21 miles in length, extending from
Cedar Rapids, Iowa, to Marion; second track, 215; sidings, 130; totai
of all. 17-66 miles. Rails 45 and 58-lb. T and girder.
OFFICERS— President, P. E. Hall; Vice-President and Treas'r, John S.

1896, of Chatt.
Date. Interest.

Organization—
STOCK & BONDS—

gold,

cum., $1,500,000

in

hate.

1899 under the General Railway
Interest.

Outstand'g.
Maturity.
$3,000,000
1,500,000 Jan. 03,3%
,

can not be called.

^ interest payable in Chicago and New York.
6%
See ltxt
9d mortage *ouu,uuu. \ 1903
za mortgage, *500 000 ^ A i Dert j, Hopkins, Trustee. Se Pt- *> 191 3
Bonds.— A sinking fund of $50,000 per annum on the 1st 5s commences on April 15, 1911. See V. 74, p. 726. The second mortgage 6s
were authorized as collateral for the floating debt. Only part of them
have been so used, the remainder being held in the treasury. See V.
78, p. 1108. The first mtge. bonds are held in a pool. V. 78," p. 2383.
Dividends— First dividend of 3 p. 0. on preferred stock was paid
Jan. 2, 1903. None since.
EARNINGS— 12 mos. to Dec. 31, 1904, gross, $448,860; net. $287,054ROAD— Operates from the terminus of the Metropolitan Elevated
road in Chicago to Wheaton, with lines from Wheaton to Elgin, Batavia
and Aurora, 57 miles, making, with 26 miles double track, 83 miles of
track. Portion from Chicago to Aurora and Batavia was put in operation about Sept. 1, 1902. Portion between Wheaton and Elgin was
opened for business on May 26, 1903. Third rail, standard T» 100 lbs.;
track rails, 80 lbs.
OFFICERS— Pres., L. J. Wolf, Cleveland; Vice-Pres., M. H. Wilson,
Cleveland; Treas., M. J. Mandelbaum, 215 Garfield Building, Cleveland, O.; Sec. A Gen. Mtr., Edwin C. Faber, Chicago; Auditor, C. E.
Flerner, Wheaton. Office, 630 The Temple, Chicago, 111— V. 78, p.
p. S86, 342, 11C8, 2383: V. 79, p 680.
.

CALUMET ELECTRIC
WAY.— A trolley road. control passed STREET RAILto the National Bank of
RECEIVER— In May, 1897,

Illinois, now In liquidation, (which holds $483,500 of the stock and
$2,926,000 of the 5s of 1894) and a receiver was appointed. Edwin A.
Potter in March, 1900, suoceeded the late Gen. McNulta as receiver.
The latter in April, 1899, received authority to issue $850,000 morn
certificates (5 p. c), in part to pay off an indebtedness of $368,200,
the rest for improvements. In Oct., 1903, a matority of receiver's
certificates had been deposited and a plan of reorganization was
under way. V. 77, p. 950. This plan, however, was abandoned In
December, 1903. V. 77, p. 2389.
Interest. Outstand'g. Last div., dieDate.
BONDS
STOCK
Stock ($100) (see text)
$500,000

&

Receiver's certificates
5 p. o.
(authorized $850,000). 1899
669,000
6 g. M-S
1st M., gold, red. at 110. 1892
6,000 Sept. 1, 1912
Cons. mort. ($3,000,000) . 1894 5 g. M-N
2,931,000 Nov. 1, 1909
DEFAULT— Default occurred May 1, 1897, on 5s of 1894.
Road Operates a road, mostly doubled-tracked, embracing in all 77.
miles of track owned and 3 miles leased. This road connects with
Cottage Grove Avenue Cable, Alley Elevated and Illinois Central, and
reaches South Chicago, Pullman, West Pullman, Auburn Park, Burnside and Manhattan Beach. 70, 83 and 85-lb. rails; 226 cars; also
15 new convertible double-truck cars. General Electric Co. equipment.— V. 77, p. 950, 2389.

—

CHICAGO

CITY RY-Cable and electrio road.

In Jan., 1905, control was purchased by Marshall Field, John J.
Mitchell and P. A. Valentine fcr $200 a share on behalf of J P. Morgan & Co. and a syndicate. The sale is preparatory ^consolidation
with the Chicago Union Traotlon Co. See V. 79, p. 2794; V. 80, p.
162, 221, i71, 5yP, 649.

LIGHT &

Organization— Incorporated In February, 1859, and has extensive
road privileges in the south division of Chicago. The City
Council on March 15. 1904, passed a resolution extending the compa••urface

Organization— Is a consolidation in January, 1896, of all the elec- ny's franchise until Jan. 1, 1905, pending settlement of franchise netrio lighting and street railway interests of Charlotte. Has since
gotiations. V. 78, p. 1167. Certain ordinances proposed. See V. 79,
merged the Charlotte Gas Litdit Co. Also controls the Dllworth Water p. ill, 680. 732.

J

STREET RAILWAYS.

56
&

Last div., <6c.
BONDS— Date. Interest. Outstanding.
STOCK
V
Text.Q-M.31 $18,000,000 Deo.30,'04.2i4%
8t k($100)$19.000.000
On Jan. 15. 1901, stockholders authorized $">,000,000 additional
stock, making total authorized issue $19,000,000; $4,500,000 of the
new stock was Issued July 1, 1901 (the new stock was offered at par
to shareholders of record June 15, V. 72, p. 183), to retire on that day
$4,619,500 outstanding bonds; stock outstanding now $18,000,000.
DIVIDENDS—Usually 12 per cent, were In 1893, 24 per oent; In 1894, 12
c; 1895, 12 p. c; in 1896, 12 p. c; In 1897, 12 p. c; In 1898, 12 p. c; In
I899. 12 p. c; in 1900, 12 p. o. In 1901, 10^ p. 0. In 1902, 9 p. o.
In 1903, 9 p. o. In 1904, 9 p. 0.
On Jan. 1. 1905, company operated 218-95 miles of
ROAD
track, viz.: Cable road. 34% miles; electric, 184-20 miles. Equipment
Jan. 1, 1904: Cable grip cars (open), 23 1; cable trail cars (closed,
281, and open, 271); electric cars (441 open and 677 closed); horse
cars (closed, 6, and open 7); cable mail cars, 4; electric mail cars, 4;
n >wspaper car, 1; total passenger and other oars, 1,924.
Strike. -In Nov.. 1903, company suffered from a strike of its employees for fourteen days.
REPORT— Fiscal year ends Deo. 31. Report for 1903 In Chronicle of
Feb, 27, 1904.
1902.
1903.
1904
Year eliding Dec. 31$6,413,182
$6,435,563
$8,668,979
Gross earnings
4,336,504
4.648 341
4,802,120
Op. expen. and taxes
(67-62)
(72-23)
(7201)
P. c. op. ex. to earns
.

&C—

$1,787,224
$1,^66,859
$100,000
$120,000
(9%)1,620,000
(9%)1,620,000

Netearnings
Depreciation
Dividends

$2,076,678
$180,000
(9%)1,620,000

$276,678
$67,224
$126,859
Balance, surplus
Passengers carried in 1904 (including 77,732,749 transfers), 210,585,466; in 1903, 195,187,791.
NET EAKNINGS FOR 9 TEAKS.
$1,906,316
$2,031,098 1898
$1,866,859 1901
1904
1,907,534
1,787.224 1900
1,888,178 1897
1903
1,831,658
1,868,762 1896
2,076,678 1899
1902
First Vice-Pres., T. E. Mitten; 2d Vice;
A. Young; Gen. Man., Mason B. Starring; Sec ami Aud., C.
Nesbltt Daily; Treas., T. C. Penlngton -V. 78, p. 768. 816. 1108. 1167;
V. 79, p. 211, 680, 732, 902, 2794; V. 80, p. 162,221,471,599,649,

Officers— Pres.,

Pres.,

L

711.

CHICAGO ELECTRIC TRACTION-Trolley. Elec.

Organization.— Successor in Jan., 1898, to Englewood & Chic.
By., foreclosed per plan in V. 65, p. 728. On June 13, 1900, Charles
Henrotin was appointed receiver on petition of the trustees of the 1st
mortgage of 1899. on which no interest has ever been paid. V. 70, p.
1194. Motive power was changed from storage battery to overhead
trolley in 1901. Reoeiver was authorized to issue certificates, and
$205,000 have been issued.
Maturity.
Date. Interest. Authorized.
NEW SECURITIES—
Stock to be held 5 years >
~o nnn nnfi
^.uuu.uuu
in voting trust
5
1899 5 g. J650.000 Jan. 1, 1929
1st mort., subject to oall >
Manhattan Trust Co., N. Y., & J. Kean, trus
at 105, gold (see text) $

^0^5 yeT™.\.^T.!! \

1899

5

A "°

2,000,000

Jan.

1,

1929

The holders of each of the old first mortgage bonds ($960,000)
recognized as valid received in exchange per $1,000 bond, if subscribing $300 in cash First mortgage bonds, $300 consolidated mortgage, $1,000; stock, $2,000. Both mortgages may be Increased to any
amount desired for new property, not in excess of $40,000 per mile
for first mortgage.— V. 68, p. 231.
EARNINGS-—Calendar year 1904, gross, $128,362; net, $21,824.
ROAD—In Feb., 1905, 31 3 miles of traok were In operation— from
63d Street to Blue Island and Harvey.
OFFICERS—President, Isaac L. Rice, New York; Treasurer, J. S.
Bache, New York; General Manager, W. H. Conrad.Chicago, 111.— V. 67,
p. 1002; V. 68, p. 231, V. 69, p. 1063; V. 70, p. 175, 739, 1194, 1248.
:

;

[Vol. lxxx.

Chicago was appointed receiver; on Feb. 28, 1903, Edwin J. Zimmer
succeeded Mr. Sellers. On June 4, 1904, Mr. Zimmer was removed
and E F. Bryant. President of the Pullman Loan & Saving i Bank,
appointed in his stead.
Interest on the $1,438,000 of gen. mortgage 5s has been in default
since May, 1900. and on the West & South Towns 6s sinoe Aug,, 1900.
$150,000 receiver's certificates have been issued

Dale. Int., Etc. Outstand'g. Maturity, etc.
STOCK & BONDS—
8fk, $10,000,000(par$100)
$500,000
1895 5g.M-N
Gen. M., $3,000,000, g. >
1,438,000 Nov. 1.1935
Red.aft.10 yrs.at 105 $ Merchants' Loan & Tr. Co., Chicago, Trustee.
W. & S. Towns, 1st ?
290,000 Aug., '02-12
16 1892 6g. F-A
Northern Trust Company of Chioago, Trustee.
mort., gold
S
ROAD— Owns 21 miles of track; extends from Wabash Ave. to 40th
Ave. on 22d St., also on 25th St.. Lawndale Ave., Kedzie Ave., Homan.
Ave. and Tnroop St. Operates 20 oars
OFFICERS.— Gen'l Mgr. for Receiver, Glrnn E. Plumb.— V. 78, p. 1446,
2383; V. 79, p. 2084, 3642.

CHICAGO & SOUTH SIDE RAPID TRANSIT

RR.— ("ALLEY ELEVATED")—SEE

CHICAGO RAILWAYS

SOUTH SIDE ELEVATED.

CO.

on Oct. 29, 1903, with the
to the rehabilitation of the Chicago Union Traotion Co. Nominal
capital. $10,000, which will likely be increased to $5,000,000. The
KttUuays Oo. is to take over all rights of the Union Traction receivers
and of the underlying companies, and also to petition the city for new

Orgaization.— Incorporated

in Illinois

view

franchises covering all territory now occupied by the Traction Co.
V. 77, p. 1532,1746.
OFFICERS— Pres., Alfred Skitt. New York: Vice-Pres., John W.Gary,
Chic ; Sec. and Treas.. H. B. Hollins, N. Y. City.— V. 77,p. 1432, 1746.

CHICAGO UNION TRACTION-Cable andeleetrlo.
Uereirer<thip—\tx April, 1903, Rafael R. Govin, Jas. H.Eckels and
Marshall E. Sampsell were appointed receivers of the Chioago Union
Traction and aso of the North Chicago Street RR. and the West
Chicago Street RR. On Feb. 17. 1904, John C. Fetzer and Henry A.
Bair were appointed to succeed Messsrs.Govin and Eckles as receivers
of the two latter to ids and Mr Fetzer will also be managing receiver
of the Union Traction Co. The receivership was the result of default
The notes were for $318,727
in the payment of five notes.
against the Traction Co., $565,089 against the North Chicago Company
and $270,476 against the »Vest Chicago Company. Interest falling due
on the bonds of the West Chicago and the North Chicago companies
and on the Chicago Consolidated Traction b>nds has been paid as due.
On July 28, 1903, $4,000,000 receivers' certificates were authorized to
provide for floating debt of West and North Chicago companies and of
Union Traction Company. Receivers were also authorized to take up
the $400,000 bonds maturing Aug. 1, 1903, of the Chic. Pass. Ry., and
special receivers' certificates were issued for that purpose. In June,
1904, $151,875 certificates were authorized to pay the semiannual
interest on the $6,750,000 Consolidated Traoti >n 4 ^ per cent bonds
due June 1. V. 78, p 2333. On Nov. 30. 1904, borrowed $151,875,
secured by pledge of the receipts of the system, to pay the Deo. 1 coupon on these bonds. V. 79,^p. 2587. Receivers' certificates for $422,000 have also been Issued for improvements on track, etc. In Aug.,
1904, West Chicago and North Cnicago street railroads jointly issued
$800,0o0 of equipment obligations to pay for new cars. See statements
of those companies and also V. 79, p. 732.
In Jan., 1905, a syndicate organized in the interest of this company
acqutred control of the Chicago City Ry., and a general consolidation
and reorganisation is expected shortly.
For letter from H. B. Hollins & <;o. to stockholders of North and
West Chicago street railroad companies, see V. 79. p. 2794. Litigation on the part of these stockholders was settled in Jan., it>05. See

V. 80, p. 162.

ORGANIZATION.—Incorporated in Illinois June 3, 1899, by the Elkins- Widener- Whitney syndicate and purchased for $10,000,000 cash
the holdings of stock of Chas. T. Yerkes in the Wes f Chicago and

North Chioago roads. These holdings consisted of $3,200,000 West
Chicago stock and $2,000,000 North Chicago stook. Subsequently the
two systems were leased, the West Chicago for a yearly rental equal to
6 per oent on the stook and the North Chicago for a rental equal to 12
per cent on the stock, the leases being dated June 1, 1899. By a tripartite agreement entered into on the same date the Union Traotion
Company's holdings of stook of the two roads were to remain in trust
with the Illinois Trust & Savings Bank of Chicago "for all time" as
—A trolley road.
guaranty fund to secure the leases. See V. 68, p. 1131.
This company was successor by purohise on Deo. a
Organization—
We*t Chicago and North Ohieago Leases Modi/lea. Leases were modiof the Chicago & Milwaukee Electric Railway Co.
31, 1902,
fled as of Sept. 1, 1903. so as to require rental payment equal to 6 and
Interest.
Outstand'g.
STOCK & BONDS— Date.
Maturity. 12 per oent, respectively. ODly in case earnings are sufficient for the
Stock, $5,000,000
$4,800,000
purpose. Up to 4 and 8 per cent dividends on the respective stocks
E
C
'"« Bt
1899
58-J--J1,000,000 July 1,1919 are to be a cumulative charge for five years, after which (from Oot. 15,
ftl^ <k>O
<ftfc(
1908) they become an obligatory charge, and failure to pay will then
OOO each* e- mav be i Int at Standard Trust Co., N. Y.. & Clev. Tr. Co. operate as a default under the lease and a f orf eitui e of the guaranty
aC
ay
6
TnMt
and R ° yal
c^ed any'in^ day
fond. Dividends on the stooks held in the guaranty fund are to be
^tub*- Co., Chicago.
at 105 and int.
{
paid only after full payment of dividends (as provided under lease) on
M. E. RR. 1st M. ( 1902
C. &
5g. J.— J.
3,800,000 July 1,1922 outstanding shares, Including unpaid accumulations. New lease also
$5,000,000, g. {$1,-1 Hit. at Merchants' Loan & Trust Co., Chicago, provides that in any year after the payment of 6 and 12 per oent on
000)
c( Trustee, or Nat. Bank of Commerce, N. Y.
West Chicago and N. Chioago stocks, the remaining earnings of the two
Bonds—Of the $5,000,000 Railroad Company bonds authorized, $1,- companies (If there are any) to the extent of $100,000 per annum
000,000 are reserved to retire a like amount of bonds of the Railway ($30,000 on the West Chioago and $70,000 on the North Chicago Co)
Company, and the remaining $200,000 for extensions at 75 p. o. of are to be applied to the reduction of the $3,400,000 floating debt of
actual cost. Bonds are not subject to call. See V. 76, p. 211; V. 78, the companies. This latter is not to be a cumulative charge, bat the
obligation recurs in each year. Leases of underlying companies of
p. 1496.
Sinking fund on the Railway bonds of $50,000 per year begins with West Chicago and North Chicago are to be considered as sublet only,
No more than the $1,000,000 of these bonds outstanding oot as absolute transfers to the Chicago Union Traotion, as claimed
July 1, 1910.
will be Issued.
under the old arrangement. See V. 77, p. 249, 1746.
Hoidend payments under modified leases.—On North Chicago stook,
Report— For years ending Deo. 31:
Gross.
Ntt.
Other income. Fixed charges Surplus. Jan. 15, 1901, 1*4 p. o. See V. 78, p. 229. On Oot. 15, 1904, H* p. c
Franchises.— There has been muoh contention as to the oompany's
1901. ...$464,655
$285,617
....
in June, 1901, company brought suit in the U. S.
1903 ... 292,247
193,620
$93',800 franchises, and
$1,985
$101,805
Circuit Court to restrain the city from interfering with the West
1902.... 190.110
110,746
50.000
60,746 Chicago and North Chicago roads. See V. 73, p. 31. Company claims a
Road— Length, 70 miles, including extension to Libertyvllle and 99-year franchise underthe Act of Feb. 6,1865. V. 72, p. 1137. InMay,
other points. Connects 17 suburban towns with Chicago. Line from 1902, Court sustained on technical grounds the demurrer of the city to
Waukegan to Evanston was opened in Aug., 1899, and extension to the bill. V. 74. p. 1037. Permission granted to appeal to U. 8. Supreme
Libertyvllle in Sept., 1903; 38 miles additional will be placed In opCourt. V. 74, p. 1307. See also V. 75, p. 1201, for decision of Judge
eration about 8ept. 1,1 90S Practically all the road is built on pri- Magruder of the Illinois Supreme Court in the transfer cases; also V.
vate right of way and between Evanston and Lake Forest the road is 76, p. 1247. On July 20, 1903, City Council passed ordinances temdouble track. Rails, 65 and 85 lb. V. 67, p. 900.
porarily extending the franchise rights, with the proviso that neither
OFFICERS— Pres., A. C. Frost; Vice-Pres., H. S. Oakley; Sec. and party is to be considered as waiving any rights thereby. V. 77, p. 195.
Treas Geo. M. Seward; G-n. Mgr., A. L. Drum. Office, 103 La Salle On May 28, 1904, Judges Grossoup and Jenkins, In the U. S. CJroult
Court, decided in favor of the company in its contention as to the
St., Chicago.— V. 78. p. 1496.
legality of the 99-year Act of 1865. The Court held that the franchises
granted prior to 1875 are covered by that Aot, but that franchises
granted subsequent to that year are based on the conditions of the
An electric road.
In Dec, 1904, control changed hands, bondholders having accepted ordinances granting them. See V. 78, p. 2333 For further negotiaa i offer of 10 p. c. in cash or 15 p. o. in bonds of the Southern St. Ry. tions respecting the franchise question, see V. 79, p 211, 902.
In the matter of the taxation of franchises, an Important decision
(which is to be the new company) for the Chicago General bonds and
50 p. e. in cash or 85 p. c. in bonds of the new company for the West hearing adversely on all Chicago corporations was rendered by the
Supreme Court in October, 1901. See V. 73, p. 902, 1114: V. 74,
& Soutn Town bonds. See V. 79, p. 2084, 2643. Reorganization is Illinois 1251.
p. 775,
expected to be effected soon.
City Ownership—In May, 1903, the so-called Mueller law wa« enacted
Organization— Incorporated October 21, 1893, for 50 years. The In Illinois permitting city ownership of street railways under certain
West & South Towns St. Ry. (formerly leased) was purchased In May, conditions. V. 76, p. 1191. Proposition however must first be sub1896. and consolidated.
mitted to electors and approved by three-fifths of those voting thereon.
On April 14, 1900, President J. H. Witbeek filed a bill for the ap Futheruiorethe Act is not to be In force at all in any city until thequespolntment of a receiver, and on the 17th Frank H. Sellers of tion of its adoption shdl first have been submitted to the eleotors of

CHICAGO & MILWAUKEE ELECTRIC RR.

l

PM^ ^^
-

,

CHICAGO GENERAL RY-

f

i

^

Feb.,

J

STREET RAILWAYS.

905.

such city and approved by a majority of those voting. The Chicago
Cltv Council on Oct. 19, 1903, passed an ordinance providing Tor a
vote on the proposition at the election to be held April 5, 1904 V. 77,
n 1553 The vote at this election was in favor of making the .Act
applicable to the oity. See V. 78, p. 1391, 1408.
STOCK and BONDS.—The $12,000,000 preferred stock was subscribed for at par, a bonus of 50 per cent, however, being given In
common stock.— V. 68, p. 1225. There was thus $2,000,000 cash left
after the payment of $10,000,000 to Mr. Yerkes, and this $2,000,000
was spent for improvements and extensions of the lines acquired.
In Deoember, 1899, both issues of stock were listed on the New Yoik
Stock Exchange. V. 69, p. 1299.
Divid's.
Date. Rate. Outstanding.
Stock, com.,

175329

6-832

75-020
181-170

28913
18120

North Chicago St
Chicago Con. Traction

-940

211074
91-080

181170

486-324
431519
7772
Grand total (single track)... 47 033
RECEIVERS' REPORT— For the year ending June 30. 1904, receivers
reported gi oss receipts of $8, 590,467 and net iicome of $2,618,270see V. 79, p. 6:4. For the nine months ending May 31, 1904. the
receivers furnished the foilowing figures:
North
Total
Chicago
West
Chicago. Govsol.Trac.
Ghitago.
of alt.
$*,c.03,850 *2, 266 331
$985,753 $7,255,9'4
Gross earnings

Operating expenses.

2.91:2,651

.

864.537

5,537,9;4

$575,475
17,014

$121216 $1,717,190
£0204
108,47;*

$1,052,553

Total Inoome
Dt duel —

$592,490

$181,420

$123,814
l73,:j 85
675
104.330
155,602

$125,494
Taxes accrued
453,615
Int. on funded debt...
6.900
Int. on mortgages
51,162
Int. on fl >ating debt..
Rent, leased lines aocr

c

91,474

Total
$1,028,645
$2S,908
Surplus
Also deduct—
Chicago Conso'idated

Traonon

856

1,65*0

3i,v.55

$1,021,298

Net earnings
Other inoome

<l»nci f

Recenedepieciation..

$226,332
510,386

$30,457
439,372

$557,8(6

$535,6*7

$34,6S:

$1,826,46
$27f»,"'f5

1,0€6,S7^
7.57?.

""6,193

69,62

161,6*5
€06,701
*2, 122.(9-'

4de.*3 J4,227de $295,6.: 5

$127,895
2.8,41*

$758,804

$736,718
$758 801
*34i.62y $3i4.227 $1,U54,439
$712,810
75*51
oprr.exp
74 97
8800
Percent
"interest on lumped debt" here consists of interest on bonds of the
West Chicago Streft RR Co. and the North Ulicato Street RR. Co.
Rental of leased lines accrued consists of interest on b nds of Chicago
West Division Ry., Chicago Hassenger Ry., Noith Chicago (ity Ry.
and of the guaranteed dividends on outstanding stocks ot those com$-!76,3!3

Total

Deficit....

V. 78, p. 24*1.
In V. 79, p. 27 93, figures of earnings of the Went Chicago and North
Chicago 8tre> t railroads for jear ending Aug. 31, 1904, were given;
also receiver's balance sheet for Sept. 30. 904
OFFICERS.— Pres. and Gen'l Man., John M. Roach, Chicago; 1st VicePres., R. A. C. Smith, New York 2d Vice-Pres., Walter H. Wilson, Chicago; Secretary and Asst. Treasurer, Markham B. Orde; Treasurer,
James H. Eckels.- V. 79, p 210, 211, 624, 73;, 902, 2085,2455,
2t87,26a2, 2746, 2793.2794; V. 80, p. 162, 650.

panies.

I

;

(1)

CHICAGO CONSOLIDATED TRACTION. -Electric roads.

On

April 14, 1900, the directors of this company authorized agreefor the absorption of the company by the Chicago Union Traction. The latter company paid $45 in Chicago Consolidated Traction
bonds, guaranteed by the Chicago Union Traction, and $1 50 in
cash for each $100 of stock. V. 70, p. 791. All but $46,650 of the
$15 000,000 stock of the Chicago Consolidated stock is understood to
have been exchanged in this way for bonds. Sutro Bros. & Co. of N. Y.
sought to have the arrangement declared invalid, but JudgeGibbons, at
Chicago onApr. 17, 1901, refused to grant an injunction. Suit finally
settled out of court. V. 75, p. 1 030; V. 7 2, p. 775.
ORQANIZATION-The Chicago Consolidated Traction was organized
in Feb., 1899, to unite the suburban lines of North Chicago and West
Chicago. It acquired the stock of the following roads (V. 68, p. 769).
Stock
^Trac. Stk.Iss. Therefor.^.
Oulstand'g.
Amount,
Rate.

ment

;

fflatne

S?

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

Evanston Electric
Cicero

Ogden

&

Proviso

oa

^

250
3,750,000
175
3,500,000
Leased to North Chicago Electric.
200
3,000,000
1,500,000
500,000
1,000,000
50

1,500,000
2,000,000

2,500,000

Street Railway
2,000,000
Chic. & Jefferson Urban Transit 2,000,000

62
55
55

1,550,000
1,100,000
1,100.000

14.500.000
12,500,000
In addition, $500,000 of Chicago Consolidated Traction stock was
sold for cash, making with the foregoing the full total of $15,000,000
stock outstanding.
Date. Interest.
Maturity.
STOCK
Outstand'g
BONDS—
Stock, $15.000,000
$15,000,000
New 1st mortgage gold ( 1899 4^ J-D
6,750,000 Dec. 1,1939
$6,750,000
{Int. at Equitable Tr. Co., Chicago, Trustee

&

The new bonds for $6,750,000 are guaranteed, principal and interest,
by the Chicago Union Traction. The Chicago Consolidated Traction
when it was organized assumed the bonds of the constituent oompanies
(which it agreed to guarantee) and also the lease of the Chicago North
Shore Street Railway under which 6 per cent dividends are paid on
the $650,000 stock of the latter. The statement to the New York
Stock Exchange under date of March 27, 1899, showed that the mortgage Indebtedness of the constituent companies assumed aggregated
$6,085,0(0, including the $650,000 stock of the ( hicago North Shore
Street Railway. Below is the debt of the constituent companies in
detail. By the terms of the several trust deeds of these mortgages, no
additional bonds can be issued except for construction, and then for
only 75 per cent of the actual expenditure therefor.

Obligations of Subsidiary Companies.
CHICAGO ELECTRIC TRANSIT.

BONDS—

CHICAGO

Date. Int'st. Outstandnq. Maturity.
IstM., guar., no option ($1,000) 1894 6 F-A $1,097,000 Aug. 1, 1914
Interest Is payable at office of trustee, the Illinois Tr. & Savings Bank.
This mortgage provides for the issue of $2,000,000 bonds at

<fe

JEFFERSON URBAN TRANSIT.

Date. Interest. Outstanding.
Maturity.
6M-N
$208,000' Nov. 1, 1915
IstM., guar. p.andi.,West> 1895
Chio. St. Ry., see text... > Interest at Chicago office.
The first mortgage Is for $2,000,000, but additional bonds may be
Issued for extensions, etc Trustee, Illinois Trust & Savings Bank.

CICERO & PROVISO STREET RAILWAY.
Outstanding.

Maturity.

5
&N
$1,908,000
1 «'
Int 8t at IU Tru8t & 8av KS

May 1, 1915

Interest.

L

i 89°5

$20,000,000

par$100....

Stock, pref. 5p.c, $12,000,Oct, 1900, 114%
12,000,000
000, par $100, cumulative
Dividends of 1H p.c. were paid on preferred shares Oct.,
Dividends—
1899, and Jan., April, July and Oct., 1900. In Deo., 1900, it was decided to suspend dividends. None since.
ROAD— Total mileage of lines operated :
Horse.
Electric.
Total.
able.

West Chicago St

not exceeding the cost of improvements, extensions, etc., and for
additional bonds at not above 75 per cent such cost. Of the $1,097,000
issued, $842,000 are guaranteed by the West Chicago Street RR. and
$255,000 by the North Chicago Street RR.

C n

$20,000,000,

757

Chic

M

Al 000 °^° W
fnd_

'

.'

ft' It-way!

'

-

>

Bank

trustee.

>

$500,000 of the bonds are reserved for improvements at not exceeding 75 per cent of cost.

OGDEN STREET RAILWAY.
Outstanding
Maturity.
$750,000
Mayl, 1916
id.
gu.p&i,W.( hie, end. S Trustee ls Illinois Trust & Savings Bank
The supplemental mortgage, executed Jan. 22, 1898, limits the issue
of bonds to $1,500,000. Additional bonds (bejond the $750,000 out)
can be issued only for 75 per cent of the cost of new construction.
EVAN8TON ELECTRIC.
Date.
Interest.
Outstanding.
Maturity.
6F. A A.
Aug. 1, 1916
$130,000
Mort. for $1,000,000
Guar, by North Chicago Street Railway.
currency
s
NORTH 8IDE ELECTRIC STREET RAILWAY.
Date.

Interest.

M ($1,500,000). ...J1896

1st

6M-N

Date.
1st M. cur., gu. p. & 1.
(end.) by No.Ch.St. RR.

Interest.

1895

6M-N

Outstanding.

Maturity.

*155,000 Nov. 1, 1915
< Trustee, Illinois Trust & Savings Bk. Chicago.
Interest is payable at Chicago office or the fiscal agency.
The
mortgage provides for the issue up to $1,500,000 at not exceeding the
cost of construction; further bonds oan be issued at 75 per cent of
cost of extensions and improvements. (See guarantee V. 62, p. 414.)
NORTH CHICAGO ELECTRIC RAILWAY.
\

,

Date.

U

Interest.

Outstand'g.

imi 6F ' A
L¥sJkrt?o*Zflu°vl Iut" at Illino18

Maturity.

* 868 000 Aug. 1,1914
TrU8t (trustee), Chicago.
)
Ai end
The bondsaregiiaranteed, $688,000 by North Chicago, $180,000 by
West Chicago Street RR.
NORTH SHORE STREET RAILWAY.
CHICAGO
'

<fc

Date. Interest.
Oulstand'g.
Maturity.
6 Q.-J, $650,000
Capital stock,6p.c.guar.
See text.
1894
6g. A-O
675,000
Apr. 1, 1912
1st M., $1,500,000, g.,
'"
Subj. to call at 105 any Apr. 1 after 1905
guar. p. & i. (end) .c* S
?
The bonds, guaranteed by endorsement by the North Chicago Electric
Railway, and the stock guaranteed 6 per cent per annum by the same
company, are listed on the Chicago Stock Exchange.
Interest is paid in New York by Chase Nat. Bank and in Chicago at
Illinois Trust & Savings Bank, Trustee.
ROAD-—The property embraced in the constituent companies consists of 1 8117 miles of single track electrio street railway, located in
the City of Chicago, the township of Cicero, and the City of Evanston,
all in Cook County. The lines extend over the entire north, northwest,
west and southwest sections of the City of Chicago and conneot at
their respective terminal points with the lines of the North and West
Chicago Street RR. systems, over which passengers are carried originating on the lines of the Consolidated Traction and vice versa.
Rails are Johnston-girder, 75 to 85 lbs.; gauge 4 ft. 8^ in.
EQUIPMENT.— Motor cars, 269; trailer cars, 62; motor equipment 208.

OFFICERS.—Pres., John M. Roach; Vice Pres., Edwin S. Harwell;
and Treas., C. F. Marlow. Transfer and General Offices— 54 Wall
St., New York, and 444 North Clark St Chicago.— V. 76, p. 1191, 1299;

Sec.

,

V. 78, p. 768, 2383; V. 79. p. 20S4, 2587, 2894.

(2)

NORTH CHICAGO STREET RAILROAD.

RECEIVERSHIP— For particulars see Chloago Union Traction Co.
above.

Organization— Incorporated under the laws of Illinois In 1886. It
oontrols the surface street railroad system in the North division of the
city of Chicago, through the purchase in 1886 of 2,501 shares out of
a total of 5,000 shares capital stock of the North Chicago City Railway Co., said road being leased for 999 years from 1886. Franchise
claimed to be 99 years from Feb., 1865, and contention upheld by
U. 8. Circuit Court in May, 1904. See V 78, p. 2333. Annual payment to city for electrical franchise, $25,000, car license, $50 per car

per annum, 1 3 trips per day to a oar.
In February, 1899, all the suburban leased lines of the North Chicago
and West Chicago systems were united under the name of the Chicago
Consolidated Traction, which see above.
In June. 1899, the North Chicago was leased to the Chicago Union
Traction for a yearly rental equal to 12 per cent on the stock. V. 68,
p. 1131. In Aug., 1903, lease modified so as to require 12 pe cent
rental only If earned. For first five years stock is to have a claim for
8 per ce' t cumulative dividends, and after that a minimum of 8 p. c.
is guaranteed.
For terms in detail see Chicago Union Traction. Payment Jan. 15, 1904, was only 1*4 p. o. V. 78, p. 229. On Oot. 15, 1904,

1%

p. c. was paid.
STOCK AND BONDS—

Date.
Interest.
OutsVding. Lastdiv.dc.
Stock ($10,000,000) ($100) ....
Q.—J $7,920,000 Oot., 04,li«%
1st mortgage ($500), &o.) 1886
1906-9-16
5 J- J
3,171,000
See text. Currency. ... $ Fidelity Trust Co., Philadelphia, Trustee.
Consol. ref. mtg for $4,- >
4i«g. A-O
1,614,000 Apr. 1,1931
800,000 gold ($1,000,V 1901
Northern Trust Co. of Chicago, trustee.
Series A
c^)
N. C. City Ry. Co. stock...
30 Q-J
See text. 30% per year.
1st mort., our'cy($l,000* 1880
4 J-J
500,000 July 1,1927
2d M. ($2,500,000) our
Nov.1,1927
1887 4*2 M-N
2,500,000
Trustee, 111. Tr.& S.Bk
See text.
1904 6 g. M-N
224,000
Equip, obli g. ($1,0C0) J
obli.,
\ Interest at Standard Tr. Co., New York.
Floating debt Feb. 1,'05.
2,316,000
Stock of N. Chi. City Ry. Co. not owned by N. Chi St. RR. Co., $249,900 (par, $100), receives an annual rental of $30 per share. North
Chicago City stock for $250,100 is owned by North Chicago Street RR.
Bonds.— Under the North Chicago Street RR. 1st mortgage the
following bonds have been issued: Dated July, 1886, due 1906, $1,500,000; July, 1889, due 1909, $1,250,000; Jan., 1896, due 1916,
$421,000. The North Chicago City Ry. 1st mortgage for $500,000
was originally a 6 per cent issue, but when bonds fell due July 1,
1900, they were extended for27 years at 4 per cent. See V. 70, p. 1195.
Under the consol. and ref. mtg. the company covenants not to Issue
any more bonds under this mortgage.
Of the $4,800,000 consol. and ref. bonds of 1901, $1,614,000 "Series
A" were issued to retire the old 6 p. c. debenture certfs., $3,171,000
are reserved to take up the first mortgage 5s due in 1906, 1909 and
1916, and $15,000 to pay off a mtg. on Dearborn Street property.
Has guaranteed $688,000 North Chicago Electrio Ry. and $255,000
Chicago Electrio Transit bonds; also North Side Electrio St. Ry.,
$155,000 bonds, and Evanston Electric Ry., $130,000 bonds.
The equipment obligations in table above mature. $56,000 annually,
on Nov. 1, from 1905 to 1908, inclusive, and were issued to provide
-

,
:

STREET RAILWAYS.

758

See V. 79, p. 732. On Nov. 1, 1904,
o. of the cost of 70 cars
$56,000 were retired.
Slock—Outstanding stock 1b $7,920,000, of which $5,920,000 is held
by the public and $2,000,000 in trust as above. V. 66, p. 761, 811;

for 80 p

V. 70, p. 46, 1195.
DIVIDENDS. 1 1893. '94. *95. '96. '97. 1898. 1899. 1900-01 1902-0312
12
12
12
percent. J 12
12 12 Below. 12
In 1896, 12 p. o. in cash, and 20 p. o. extra (10 p. o. in stock and 10
p. o. in 6 p.o. certificates of Indebtedness). In 1903 quarterly payments were at 12 per oent rate until Oct 15, when an Interim div. of
l»s p. o. was paid. In Jan , 1904. 1>4 p. c. Oct , 19U4, l*v p. c.
;

ROAD—

Miles.

Cable

1812

j

Horse

Miles.

I

-94

75-02

Electric trolley

94-08
Total track operated
Officers.— President. John A. Rose, Chicago Vice-President, H.
F. Keegan, Chloago; Secretary, F. E. Smith; Treas..M. B. Orde.— V.7H,
p. 229, 288, 769, 2385, 2442; V. 79, p. 734, 2643, 2797; V. 80, p. i63.
;

(3)

WEST CHICAGO STREET RR.—

Organization—Incorporated July 19, 1887 under laws of Illinois.
LEASES.— Control of the Chi. W. Div. Ry. (96 miles track) was ac-

quired through purohase of a majority of its shares (6,251) of capital
and the road leased for 999 years from lOot. 20, 1887, at an
annual rental of $35 per share, the principaLand interest of its bonds
being assumed— see V. 65, p. 281, Of the Chicago Passenger Ry. Oo.
(34 miles track) stock, the Chi. W. Div. Ry Co. owns a majority ($730,100)
and the road was leased March 15. 1889; lease extended in 1897 for 50
years to the West Chicago Street RR. The West Chicago St. RR. Co.
agrees to pay 5 per cent a year on capital stook of the Passenger Ry.
Co. and to guarantee its fixed charges. The West Chicago formerly
leased Cicero & Proviso St. Ry. and Ogden St. Ry., but these roads have
now passed to the Chicago Consolidated Traction.
In Feb., 1899, all the suburban leased lines of the North Chloago and
West Chicago systems were acquired by the Chloago Consolidated
Traction, which see above. V. 68, p. 86, 769, 195.
In June. 1899, the West Chicago was leased to the Chicago Union
Traction for a yearly rental equal to 6 per cent on the stock. V. 68,
p. 1131. In Aug., 1903, lease modified and 6 per cent required only
If earned
Minimum dividends of 4 p. o. will be cumulative lor five
years, and thereafter obligatory. Further details will be found under
Chioago Union Traction.
Reeeirership— In April, 1903, property was placed 1n the hands of
receivers— se^remarKs above under Chicago Union Traction. Court
ordered receivers to take up the Chic. Pass. Ry. $400,000 bunds, due
Aug. 1, 1903.
Chicago p assenger Railway Franchise expired in April, 1904. See
V. 78, p. 1549.
Date.
Interest. Outstand'g. Last div., <£c.
Stock
Bonds—
Stock, $20,000,000 ($100). text.
Q.-F. $13,189,000 Nov. '04, %%
3,864,00o May 1, 1928
M.-N.
1st mortgage, $4,100, < 1888 5
c ( Illinios Tr. & Sav'gs Bank, Chicago, Trustee.
000, $1,000, s. f
-- D
1894
497,000 Deo. 1, 1914
Debentures *i,uuu....o k Sut) 6 toJ
o*
Debentures, $1000
caU at par arter 1899
^
j eot
Consol. M., $12,500,000g. 5 1896 5g. M.-N.
6,136,000 Nov. 1, 1936
($1,000 each)
o* iCent. Tr. Co.,N. Y. & G. Sherman, Trustee.
Subsidiary lines
W. Ch.8t.RR.Tun.Co.lstJ 1889 5 F. -A. $1,500,000 Feb. 1, 1909
end. c. < Illinois Tr. <fe Sav'gs Bank, Chicago, Trustee.
guar. p. & i
1928-9
Power house mortgages.1888-9 5 p. c.
184,000
Chi. W. D. Ry. Co. st'k 100
$35 Q. -J. 20 See text. 35% per year.
4,016,000 July 1, 1932
1st mort. 4^8, ($1,100).. 1892 A^a J. -J.
....
5
1,340,300 5%pervear.
Chic. Pass. Ry. Co. stock
cur- 1896 5
J.-D.
Consols. $2,000,000
1,600,000 Dec. 1, 1936
Equitable Trust Co., Chicago, Trustee,
rency
See text.
6g M.-N.
Eqiip obli., g. <*l,OJO> 5 1904 at Standard Tr.520,000 York.
Co New
int.
\
floating debt Feb 1. 1905
1.090,000
Interest is payable at oompany's office.
Bonds.— Of the $12,500,000 consols under the mortgage of Novem•sr, 1896, $3,864,000 can be Issued only on retirement of an equal
amount of the outstanding first mortgage 5s, and $2,500,000 for improvements and extensions at 75 per cent of the cost thereof.
The mortgage covers 202-7 miles of track, including West Chicago
Street RR., 72-7 miles (owned); Chicago West Division Ry., 96 miles
(leased), and Chicago Pass. Ry., 34 miles (leased). See V. 64, p. 176,
333, 472. Chicago Pass. Ry. consol. 5s were reserved to retire 1st 6s
due Aug 1, 1903, but at maturity they were taken up by receivers.
The $497,000 of West Chicago debentures were on March 27, 1901,
called for payment June 1, 1901, but call afterward rescinded.
The equipment obligations given in table above mature, $104,000
annually oa Nov. 1 from 1904 to 1908, inolusive, and were issued In
payment of 80 per cent of the cost of 130 new cars
Chicago West Division Stock Is $1,250,000, of which $625,100 is owned
by the West Chicago Street Co., the remainder ($624,900) being guaranteed 35 per cent yearly under the lease. Chicago Passenger Railway
stock $2,000,000, having been Increased from $1,000,000 in 1896,
but only $1,340,300 stock has been issued. The West Chicago St. RR.
Co. guarantees under operating contraot 5 p. o. on stook, of which
$730,000 is owned by West Chicago.
General Finances.— Application dated June 29, 1897, for listing
the stock and bonds on the N. Y. Stock Exchange was given in full in
V. 65, p. 281, with detailed information as to the leases of the company.
Dividends— ? 1889. 1890. 1891. 1892. 1893. 1894. '95toAug. 15,'03
per cent.. S 5
5
6
9
9
7M
6 per ann.
Under modified lease interim dividend of % p. 0. paid Nov. 16, '03,
and »* p. c. was again paid on Nov. 15, 1904.
Road.—Owns and leases 211-07 miles track, operated as follows
Cable, 2891 miles; electricity 17=> 33 miles; horses, 6-83 miles.
OFFICERS.— President, John A. Rose, Chioago; Vice-President, H. F.
Keegan, Chicago; Secretary. F. E. 8mith; Treasurer, M. B. Orde.— V.
77, p 351, 1875; V. 78, p. 704, 2386; V. 79. p. 735, 2644. 2797; V. 80,

stock,

[Vol. lxxx.

OFFICERS— President, J. D. R. Baldwin, New York City; Vice-Pres't
Ferdinand Goss, Chicago; Secretary and .Treasurer, Jos. D. Good
Offloe, 356 Dearborn Street, Chioago.

man, Chicago.

CHICAGO & OAK PARK ELEVATED RY This

company was incorporated in New Jersey on
Organization.—
April 23, 1904, to hold all the securities of the Chioago & Oak Park
Elevated Hailroad Co., formerly the old Lake Street Elevated Railroad reorganized per plan in V. 77, p. 1874; V. 78. p. 1392. The old
$10,000,000 of oommon stook paid an assessment of #2 per share, and
received $4 in new preferred and $40 in new oommon stock for eaoh
share of old stock.
Date. Interest.
Outstand'g. Maturity, Etc.
Stock
Bonds—

&

Common,$6,000 000,$100
Pref ,$3,200,000,

5%

n. c.

$6,000,000
3,200,000

(

..j-

$100

LakeSt.El lstM.,$5,000,-> , QQ ,
- T T
18yd
OJ_J
5,000,000 July 1, 1928
000, gu. by N. W. EL... \
Amer. Tr. & Sav. Bank, Chic, and Equit Tr., Chic, trustees.
Debenture notes
1904
2
350,000 Jan. 1, 1909
Bonds. -First mort. bond* assenting to reorganization were stamped
subjeo to call at 105 and interest on any interest; date. The debenture note was lsmeu for the claim of the Northwestern Elevated RR.,
amounting on Oot. 1, 1903, to $770,085.
Road—The read whose securities have been acquired owns in
Chioago a double-track elevated railway from Fifih Ave. and Lake
St. to 52d St. and Lake St., with spur down Market St. to Madison St.
Connects with Suburban RR.tor traffic outside the city. V. 65, p. 236.
Trains began running around the loop in Oct., 1897. Chic. & Harlem
forms an extension comprising 4 miles more of double track. Total
single track, 22 miles.
Report— For years ending June 30.
1904.
1903.
1904.
1903
Gross receipts. $824,931 $834,059 Taxes
$28,767
$25,816
Oper. expenses. 478,431 465,491 Int. charges. .322,424
308.120
Looprent'l&c 82,756
83,802
.

1

&

-

.

—

emoio,

,

-

p. 165.

$87,447

Deficit

OFFICERS— President, Redmond D. Stephens;

$49,170

Vice-Pres., Chas. A-

Boston; 8eo'y andTreas'r, William V. Griffin, 1117 Merchants' Loan
Tr. Bldg., Chicago. -V. 79, p. 268, 785, 1331; V. 80, p. 472.

&

LOOP ROAD.—See Union Elevated.
METROPOLITAN WEST SIDE ELEVATED
RAIL WAY—An electric road.
ORGANIZATION— Organized in Illinois Jan. 16, 1899. Successor on
Feb. 3, 1899 (per plan In V. 67, p. 126) to the Railroad Co. sold under
foreclosure on Jan. 4, 1899.
Date.
Interest. Outstand'g.
STOCK
BONDS—
Maturity, etc.
Common stock
$7,500,000

&

1

8,708,100 Feb. 28,'03,H2 %

^toOO.OO^;^."?^ .-^

M $10 000 000
nom" t-oirt
vw), goiu

l8t

A

9.808,000
(SI -> 1898 4 «• F
«* i Cent. Trust Co., N. Y., and G.
o
^

Int at Central Truat(

N

.

Aug. 1, 1938
Sherman, trus.

y.

and Chioago.

M. Ext. $5,000,000] 1901 4 g. J-J 3,000,000
July 1, 1938
Northern Trust Co., Chicago, trustee. Int.
at company's office in Chicago, or Central
on 4 weeks notice.. c* J TrustCo., tf. Y.

1st

($1,000) gold, red. at
105 on any interest day

I

[

.

The

common

stock was vested for five years in a voting
but this expired Feb. 1. 1904 V. 78, p. 343
The new extension mtge. of 190 1 covers the extensions as a first lien,
also 46 cars, a 3,500 H. P. engine and the new down-town terminal;
the bonds also cover the rest of the oroperty as a second lien, subject to the $10,000,000 1st mtge. V. 72, p. 1080; V. 75, p. 29.
Amount issued on present extensions, $3,000,000; reserved for future
title

to the

trust,

extensions, $2,000,000.
In April. 1904, company borrowed $1, 100,000 for 18 months at 5
per cent, secured by depositof some of the remaining extension bonds,
the proceeds to be used for new equipment.
Has guaranteed $407,000 bonds ot Union Consolidated Elevated.
In March, 1900, the New York Stock Exchange listed the 1st mtge
bonds and the common and preferred stock. V. 70, p. 737.

REPORT— For fiscal years ending February 29:
1904

Gross earnings
Operating expenses

Net earnings
on balances

Interest

Total
Deduct
Rentals

—

1903.

.41,372,338
$2,065,701
81,453

39,548,354
$1,976,326
63,679

1902.
33,910,790
$1,695,243
58,070

$2,147,154
1,042,338

$2,040,005
952,707

$1,753,313
737,210

$1,104,816
6,030

$1,037,298
9,524

$1,016,103
4,640

$1,140,846

Passengers carried
Passenger earnings
Miscellaneous earnings

$1,096,822

$1,020,743

$230,305
139,533
140,870
474,353
454,619
41,350
30,767
,
(3%)261,243

$202,122
149,335
392,320
37,976
(3%)261,243

$239 509

Taxes
Interest

Miscellaneous
Dividends.......

Balance

surp.$2i6,101

def.$20,982

Latest Earnings— For 12 months ending Dec.

def.$22,253

31, 1904,

gross,

$2,082,164, against $2,059,036 in 1903.

DIVIDENDS.— First div. on pref. stock, 2*2 per cent, Feb. 28,1900 (out
of earnings for fiscal year ending Feb. 28, 1900), and 2 p. 0. Aug. 31,
1900. out of earnings for fiscal year ending Feb. 28, 1901, ana l 1*
p. 0. Feb., 1901; Aug. 31, 1901, 2 p. c; Feb. 28, 1902, 1 p. c; Aug. 30,
1902, H-j p. c; Feb. 28, 1903, l»s p. c; Aug., 1903, dividend passed,

and none

since.

the Board of Trade Building westerly about S^ miles,
with branches; total length of road (including Douglas Park branch,
opened June, 1902, and Garfield Park Branch completed Sept. 1,
1902.) 17-13 miles; the first 1-67 miles are four tracks, the rest two
tracks, making single traok miles 37-60: also leases the Union
Elevated, 03» miles, and the Union Consolidated Elevated Railroad.
4 miles, making total operated 41-98 miles of track. Has Joint
lease with other elevated roads of the Union Elevated or "Loop
Line." Road began using loop in October, 1897. The road is operated
by electricity. See V. 58, p. 866. Right of way is largely owned in
fee and mortgaged to secure the bonds; Feb. 28, 1904, had 89 motor
oars, 262 passenger cars and 10 other oars. Gauge, 4 ft. 8*9 in.
In Oot., 1904, completed the construction of a large new central elevated station at the oorner of Jaokson Boulevard and Fifth Ave.
V. 75, p. 1087; V. 78, p. 343; V. 79, p. 1704.
Vice-Pres., Sec and
Officers— President,
Treas., George Higginson Jr.; Asst. Sec. & Asst. Trta=>., P. D. Sexton.
Office, 169 Jackson Boulevard, Chicago. V. 75. p. 29. 290. 1087; V.76,
p. 806; V. 77, p. 89, 298; V. 78, p. 343, 702, 1392, 1494; V. 79, p.1704.

Road—From

GENERAL ELECTRIC RAILWAY1896, obtained

Organization— On January

18,
a twenty-year franchise for a system of lines from the Dearborn Station, south on Plymouth
and custom House Places, and Dearborn Street to 22d St., connecting
at 18th St. with the Chicago Union Traction Co.; at Archer Ave. with
the Chicago City Ry., and at 22d St. with the Ohioago General Ry..
and in February, 1897, additional franchises were granted, which,
together with the first-named, cover 56 miles of track. Is In operation from Dearborn Station south to Twenty-second St., embracing
2^ miles of single track. The company agrees to pay the city 5 p.o.
of gross for second five years of franchise, 7^ p. c. for third five years
and 10 per cent for last five years.
Interest.
Outstanding.
Maturity.
STOCKS
Bonds— Date.
Stock, $5,000,000
$5,000 000
<

&

latM
i8i m..,

Net re venue.... $346,500 $368,568

<r«irt
goia

<1896

5g.

A-O

abt.

500,000

Oct.,

1916

^ Interest at Morton Trust Co., New York.
Mortgage authorizes a first Issue of $3,000,000, then $2,000,000 for
extensions, and additional amounts at 85 per cent of cost of still
Trustees, Chioago Title &
further extensions and improvements.
Trust Co. of Chicago and State Trust Co. (now Morton Trust) of New
York.— V. 66, p. 118a.

;

NORTHERN ELECTRIC RAILWAYChartered

in 1894 for 50 years, Capital stook is
mortgage bonds dated ls94, due June l 1914, $50,000;

ORGANIZATION—
$50,000.

1st

t

STREET RAILWAYS.

FEB., 1UU5.J

trustee, Chicago Title .V Trust Co. Owns 5 miles of track from 56th
to 68th Streets on North Av«.
Officers —President, F. A. Little, Cleveland; Sec , C. E. Wlscer.—
V. 68. p. 1077.

NORTHWESTERN ELEVATED Re-May
business on
was formally opened

for
31,
organization— Road
1900. V. 70, p. 1049.
Elevated RR. was acquired. The new
In Hept, 1901, the Union
mortgage for $25,000,000 was authorized for this purpose and for refunding the 5 p. o. bond?. Authorized capital stock was increased to
$25,000,000, to provide for the convertible feature of the new bonds.
Date. Interest. Outstanding.
Maturity.
STOCK AND BONDS—
$5,000,000
Btoek, $5,000,000
non-cum.
5,000,000
Pi.stock,5p.c,$20,000,000.

MS

18,3*7,000 Sept 1,1911,
First refunding mortgage ) 1901 4g
$25,000,000, conv.(gold) > Interest at Illinois Trust & Savings Bank,
Co.. N. Y.
Chloago, trustee, orBlalr
($1,000, $5,000,$10,000) )
Bonds.— Of the new $25,000,000 M., present Issue is $19,387,000, of
which $1,000,000 remain In the treasury available for improvem'ts,<fec,
The new bonds are convertible at the option of the holder Into preferred
stock, and can be redeemed at any time at the option of the company
at 102*3 and aoorued Interest on or after Sept. 1, 1906. If called
for redemption, the holder will have the right even then to take preferred stock in lieu of cash. V. 72, p. 1081.
Toting Trust.— Both the common and preferred stocks have been deposited with the Illinois Trust & Savings Bank, depositary, under
voting trust agreement, vesting control of the company in the hands
of the voting trustees, consisting of John J. Mitchell, Marshall Field
and James A. Blair, until March 1, 1906. If at that time the full 5
per oent dividend on the preferred stock has not been paid for three
consecutive years, the voting trust continues until dividends shall have
been paid for three consecutive years on such stook.

&

REPORT— For years ending June 30
V. 79, p. 1955.
Ye»r.

(including Union Elevated) see
Vet.

Gross.

\Oharge8.

Surplus.

1904
1903

$1.158,»<53
$203,254
$955,599
$1,724,930
1,642,456
^41,605
183,410
1,125,015
ROAD The road starts at the intersection of Wilson and Evanston
avenues, seven miles from the Court House, and has 552 miles of fourtrack, making 28 miles single-track. Right of way is all owned in fee
except at street crossings. An extension of 2*4 miles of double track
to Ravenswood is proposed.
OFFICERS— President, Clarence Buckingham; Vice-President, Walter
B. Smith; Sec. andTreas., W. V. Griffin. Directors.— Clarence Bucking
ham. J. L. Cochran. W. V. Griffin. P. H. Williams. Charles F. Ayer,
Walter B. Smith, W. W. Miller, John B. Dennis, of Blair <fe Co. and C
Ledyaid Blair.— V. 76, p. 330; V. 77, p 2036; V. 78, p. 584, 6J>9; V.

—

79, p. Irf32, 195?.

(1)

OFFICERS— President, Leslie Carter; Vlce-Pres., T. J. Lefens; Secretary and Treasurer, Horace F. Hardy. Office. 47 Congress St.. Chloago.— V. 79, p. 681, 734, 787, 905, 1462, 1642, 1956; V. 80. p. 648.

SUBURBAN RAILROAD-A
Incorporated under law

trolley road.
of Illinois May, 1895.
30, 1902, L. 8. Owsley was appointed receiver,
Interest on the bonds being in default. V. 75, p. 241.
Date.
Interest
Outstand'g.
Maturity.
STOCK
BONDS—
Stock, $1,250,000
$1,250,000

ORGANIZATION—
RECEIVER-On July

&

1.250,000 Mar. 2, 1916
5g. M-S
Cnlcag0 xl tle & TrU8t Co Trustee
Of the $3,000,000 bonds authorized, $1,250,000 were issued to build
the road owned and to equip a portion of the leased lines with trolley.
The remainder may be issued for extensions built and equipped at
$50,000 per mile for double and $30,000 per mile of single track.
Road— Owns 31 miles of traok, extending from terminus of Lake
Street Elevated at 52d Street and Metropolitan Elevated at 48th
Street, through city of Chicago, Cicero, Grossdale, La Grange, etc
Leases from the Chloago Terminal Transfer RR. (for 50 years) the
Chlca/zo & Southwestern road to Harlem race track, Austin, Ridgeland, Oak Park, etc, 12*5 miles of traok. Also operates \ of a mile
of traok of the Chicago Riverside & La Grange RR. Total track operated, 44 miles, all trolley except C. & 8. W. tracks along West 16th
and 19th sts.
OFFICERS— President, F. H. Roeschlaub Vlce-Pres., W. G. Adams;
Sec and Treas., E. C. Veasey; Supt., J. Whltsell.— V. 75, p. 241.

lstM *? 000 OOO i?old 5!896
lstM.,$3,ooo,ooo, gold,
j

;

UNION CONSOLIDATED ELEVATED RYOrganization— Formed in 1896 and built from Union Elevated at
5th Ave. west to Market 8t.; thence to the Metropolitan W. S. El.; total
ij mile of traok; is operated by the Metropolitan West Side El.
Date.
Int.
Outstand'g.
Maturity.
STOCK & BONDS—
Stock

CINCINNATI, OHIO

CINCINNATI & COLUMBUS TRACTION CO.
—A trolley road.
OrGANIZA" ion— Incorporated on January 21, 1903.

Stock & Bonds
Common, $1 250,000, $100
Pf.

&

&

SOUTH CHICAOO CITY RAILWAY Coincorporated
31, 1883.

Operates two lines

from Jackson Park to 106th Street and the Indiana State Line. Hammond Whiting & East Chicago is controlled in same interest.
STOCK & BONDS—
Date. Interest. Outstand'g.
Maturity.

Stock (.1*2,000,000 auth.)
$1,603,800
Mortgage, currency
1890 5 J50,000 July 1, 1910
1st mort. $5,000,000, gold \
1893 5 g.A-0
1,513,000 Apr. 1,1913
$l,000c*
I int. at Illinois Tr. & Sav. Bk., Trustee. Chic.
Road— Owns 34 miles of track in Chicago and controls tne Grand
Crossing & Windsor Park RR. Co., 3 miles; total 37 miles. Rails
75 and 85 lbs. Hammond Whiting & E. C. Electric gives a line to
whiting and East Chicago, and makes a direct route of 14 miles from
63d St. and Madison Ave., Chicago, to Hammond, Ind.
OFFICERS— President, D. F. Cameron; Vice-President, D. M. Cumuiings Sec. and Treas., O. 8. Galther— V. 67, p. 1002; V. 69, p. 1063.
;

TI

S

^
-

S,11

ELEVATED RR.-C ALLEY

v &W.
VATED")—? electric elevated road.
An
"

ELE-

1897, to Chicago & South Side
V. 63, p. 1158). July 31, 1900, the Appellate Court sustained the validity of the foreclosure (V. 71, p. 236),
and on Feb. 21, 1902. that decision was concurred in by the State
Supreme Court. V. 74, p. 477.
Stockholders voted on April 7, 1904, to increase the capital stock to
' 1°
j
sill rescinded P rov,de for extensions, but subsequently ( V. 79, p.
681)
the action and made the new mortgage given in table
below. V. 79, p. 734. The b nds were sold, $3,000,000 Jor delivery
August 1904; $2,500,000 May 1, 1905, and at least $1,500,000 of
the remainder May 1, 1906. V. 80, p. 6*8.
Stock
BONDS—
Date. Interest. Outstanding.
Maturity.
8tOck, $10,323,800
Q-M $10,231,400 Dec * i. '04.1%
1st
mort., $«,000,000. ) 1901 4^g J- J
3,000,000
July 1, 1924
gold ($1.000)
o* 5 Iut. at 111. Tr. & Sav. Bank, Chic, Trustee.
Bonds.— \ he new bonds are subject to call on or after Jan. 1, 1910,
at 105 and interest.
Successor January,
,* 1 10 ^
oPtP^S 12(foreclosed per plan
RR.

R. T.

*

m

&

Last Div.

None

000, $100

$8S0,000pd.in

between Clnoir.nati and Hills(trading and power house have
expeoted to )e completed about

Is to operate 53'3miles of track

been completed and remainder

is

June 1. 1905.
OFFICERS— President, H. H. Hoffman; Vice- Pros., Lewis Sea_songood;
Secretary and Gen. Mgr., Philip C. Swing; Treasurer, Casper w. Rowe.

-V.

76, r. 971.

CINCINNATI

&

May

5% cum. $l,2oo

Date. Interest. Outstand'g

boro. Standard gauge, 70-lb. T rail,

In September, 1901. Northwestern Elevated RR. purchased stock at
a price equivalent to $125 per share (V. 72, p. 1082) and road is now
known as the Union Loop Division of the Northwestern 'L." It is
used by all the Chicago elevated roads, and receives one half cent
for each passenger carried, besides all expenses for operating, repairs
and taxes.
Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS—
Stock, S5,000,000(par $100)
$5,000,000 Oct., 190i>, 2
1st M.,$5,000,000,g. $1,000 1895 5g. A-O
4,387,000 Oct. 1, 1945
Interest at Chase Nat Bank, N. Y., and 111. Trust
Sav. Bank, Chic
ROAD—The loop is 1-98 miles in length, double tracked (80-lb. rails),
and runs on Lake St. to Wabash Ave., to Van Buren St., to Fifth Ave..
to Lake St. Road opened Oct. 10, 1897.
Trains of the Chicago
Oak
Park, Metropolitan West Side and South Side operate over the loop.
Officers— President, John B. Dennis; Vlce-Pres., Clarence Buckingham; Sec and Treas., W. V. Griffin.— V. 76, p. 1032.

Organization—

$1,000,000

5 g M-N
Series "A" 1st mort., gold, > 1896
407,000
Nov. 1, 1936
gu. p. & 1. by Met. W.8.E1. $ G. 8herman, V.-P't, Cen.Tr.Co..N.Y , Trus.
Mortgage $1,000,000, of whioh $500,000 series A. V. 63, p. 1065.
Officers-— President, Wm. G. Adams; Vice-Prest., C. V. Weston,
Sec & Treas., W. V. Griffin

Road-

UNION ELEVATED RAILROAD. -

759

NORTHERN TRACTION CO

Organization. -Incorporated in Ohio on Jan 24, 1905, and leases tl'e
Cincinnati Dayton & Toledo Traction Co. for the length of its franchise and all renewals thereof The unissued stock ($1,500,000) and
bonds ($1,500,000) of the C D & T. are to be turned over to the lessee, which agrees to speud $1,500,000 for Improvements to the property within the next two y«-ars. The lessee also is to pay all fixed
charges, including interest on the $1 ,500,000 bonds held by it, and in
addition it agrees to pay £2 \0o0 the first year, s-37,500 the second
year, $50,000 the 3rd year, $50,000 the 4th year, $62 500 the 5th year.
$75,000 the 6th year, $*7,5i'0 the 7th year, $100,000 the 8th year, and
an additional £12.500 per year when the annual gross earnings of the
lessee from operation shall amount to $1,200,000, and increasing at
the rate of $ 2,500 per year with ea'ih $100,000 of increase in gross
earnings, until the amount to be paid is $200,000; also $1, 000 per
annum for organization and office expenses. Stockholders of the C.
D <fe T. are asked to pav an assessment of $5 a share on their stock to
pro vide for floa ing debt, ff all stockholder* do not comply an issue
of $250,*. 00 of 6 p. c. p.ef s ook, or redeemable notes, will be made.
See plan in full m V. 80, p. 116, 472, 599.
1

-

STOCK

&

BONDS—

Interest.

Date.

Outstanding.

Maturity.

$125,000

Stock, $500,100

OFFICERS— Pres ,W. Kesley Schoepf; 1st Vlce-Pres., N. 8 Keith; 2nd
Oana Stevens; 8ec, s. <\ Cooper; Treas A L Kasemeier;
Comptroller, W. H. McAllister.— V. 80, p. 472, 599.
Vlce-Pres.,

(

1

)

.

CINCINNATI DAYTON & TOLEDO TRACTION CO.-A

road.
Is leased to the Cincinnati Northern Traction

trolley

Co which see above.
19, 1902, and is a consolidation of the Southern Ohio Traction Co. and the Cincinnati A
Northwestern Ry. V. 74, p. 884, 1037. Franchises are for 25 and 50

Organization— Incorporated

yea'

in

Ohio on

,

May

s.

On Nov.
See V. 75.

3, 1902,
p. 1033.

made

contract with the Traction Terminal Co.

&

Maturity.
Date.
Interest. Outstand'g.
Bonds—
STOCK
Stock. $5,000,000 ($100)
$3,500,000
Tol 1st cons. ) 1902
ftg.J-J.
1,200,000 Julyl,*22
Cin. Day.
M. $5,000,000, g.($l,000)*c ) Int. at Cleveland Trust Co., Trustee.
Trac 1st cons.
Southern Ohio
$2,000,000 ($1,000), gold, oMPOO 5 g. M-N $1,350,000 May 1. '20
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.

&

Cln.<feHam.Elecl8tg.($50<)) 1898 6 g. J&J $400,000 Apr. 1,1918
$500,000. not subjeotto oall. s Int. at Clt. Sav.&Tr.Co., Cleve., trustee.
July 1, 1916
250,000
Dayton Traction 1st M., 1896 5g. J-J
g. ($1,000), int. guar..o* i Int. at Finance Co. of Penn.,Phila., trustee.
W al d 1901 B
H
-D
250 000
^0. 1. 1911
FW?anri¥fB tM 8 f ^ Intere8t «' JCleveland Trust Co., trustee.
dividends.— First dividend of 1 per cent (out of earnings for four
at
$250,00^g ($1,000) c* S
months ending April 30, 1899) was paid May 1, 1899; then Sept. 1,
Dec 1, 1911
5 g. .ID
Miam. '& Germ. 1st, guar.,) 1901
50.000
30 ' X
}££ t4ent; Deo 1903, P er cent In 1900 3 P. c In 1901. 313 P. 0. In
l
($50,000) g. ($1,000). c* S Interest at Cincinnati Trust Co., Trustee.
1902,
pc. Tn
4 p c In 1904. March 31, 1 p. c; June 30, lp.c;
Bonds.- None of the issues are subject to call. Of the $5,000,000
Sept. 30. 1 p. c Dec 31, 1 p. c
Cin. Day. <te Tol. Trac issue $2,300,000 is reserved to retire prior liens
Annual Report— For years ending Dec 31, V. 80, p. 648
and $1,500,000 are held by the lessee.
1904.
1903.
1904.
1903.
Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
Gross reo'ls.$l,57 4,829 $1,679,310 Surplus
$571,104 $651,184 retire Cin. & Ham. Electric bonds and Dayton Traction bonds. Issue
Net,
alter
Dividends
409,149 409,133 listed on Philadelphia Stock Exchange.
taxes _.
604.854
684,934 Bal. for year... 161,955 242,051
The Ham. <fe Lind. Elec Tran. bonds oannot be called before maInterest....
33,750
33,750
turity; a sinking fund, however, is provided, beginning with Dec 1,
Road— Owns elevated road in operation in Chicago upon a purchased 1906, of 5%, and increasing by 1 p.o. additional each year until 1911.
right of way from Congress Street to
Jackson Park, 8-56 miles of
Earnings— For flsoal year ending May 31, 1904: Gross, *502,990;
double |and triple track; total single track, 19-44
miles. Operation net. $201,202; fixed diss., $195,180; surp., $6,022.
V r tl
LATEST EAPNoNGS-For 7 months to Doo. 31. In 1904: Gross,$321.£wtJ.V?£ w 8 i e Il Li>op 'l (Unlon Elevated) began October 18, 1897.
»* motive power late in April, 1898. Oper- 313; net, $142,714; charges. $114,945; sun lus, $27 76*.
ates J™, tLY,?. and 30 trail oars
220 motor ^StV"***
Road— Owns and operates 83*93 milesof traok (including second track
a
un ion Rjr
Obtains entrance
M7b?,n!li o ffV i?? and ., Co is building a line to the Stock Yards and sidings), connecting Cincinnati with Dayton.
^
8
ra k)
lease Jt t° the Souti Side Elevated for a into Cincinnati to Spring Grove Ave. at Linden St. over the Cin. North/ ! 4 per oen
m,„i I
on ,he ,,01ld s to be issued to cover the cost, western Division. Later will enttT the city over the tracks to be built
«?h, .„„!$ „J°* exceed 2.
eHiiinued not to
$2,240,000.
by the Traction Terminal Co.
<i

-

-

-

>

;

.

S

,

!r

wm

-

-

-

STREET RAILWAYS.

760

OFFICERS— President, George B Cox, Cincinnati; Vice Prest.. C. C.
Riohardsoii; Sec. and Treas., J. B. Foraker Jr.; Asst. Seo and Treas..
F. R WUUame; Gen. Manager, F. J. J. Bloat.— V. 79, p 212, 1266, 2795;
V. 80, p lie, 472, 599.

INTERURBAN
road.

trolley

RY. &

TERMINAL

CO.-A

[Vol. lxxx.

Dividends— To and including April, 1901, 5 p. c. per annum. July
and Oct 1, 1901, and Jau. 1, 190A and April 1, 1902, 1 3125% each,
1, 1902. Oct. 1, 1902, Jan. 1, 1903, and April 1, 1903. 1-375%
each; July 1 and O.-t. 1, 1903, and Jan. 1 and April 1.1901, each
I

July

1-4375

p.

c; July, 1901, l»a

P- o.;

October, 1904, l»a p. o

;

In 1905,

Hap. o
OFFICERS— President, John Kilgour; Secretary and Treasurer, James

Jan.,

Organization.— Incorporated In Ohio on Nov. 3, 1902, and la a consolidation of the Cincinnati
Eastern Electric Ry.,the Rapid Railway
Co. and the Suburban Traction Co. All bonded debt of those companies
has been retired.
Date. Inttrcst. Outttand'g Maturity.
Stock
Bonds—
8tock, $2,500,000 ($100)
$2,500,00 >
1st mortgage, $2,500,000, )
1903 5g. Q-J 2,500,000 Jan. 1, 1928
g.($ 1,000 and $500). cAr S Int. at Cincinnati Trust Co. Trustee.
Bondt No sinking fund and bonds are not subject to call.

(2) TRACTION TERMINAL COMPANY.
Organized in 1902 as part of agreement between the Cincinnati
Traction Co. and the Cincinnati Dayton A Toledo Traction to build a
central depot at Cincinnati for electric lines entering that city and to
provide suitable terminals. Stock $100,000. Pres., J. Benson Foraker,
Jr Vice Pres.. Frank N. Wilcox, Clev.; Sec N. S. Keith; Treas., Dana

Road— Comprises 22 miles of track between Cincinnati and New
Richmond. 32 miles between Cincinnati and Lebanon and 28 miles
from Cincinnati to Bethel. Gauge, 5 ft. 2^ in. A'so owns terminal
station on Sycamore St., Cincinnati. Cars enter Cincinnati over the
tracks of the Cincinnati Traction Co. 70-lb and 97-lb. T rail Total

z8, 1 902, In the InI RG^NIZATiON.- Incorporated in Ohio on Aug.
terests of the Cincinnati Tractiou Co;, on Sept. 30, 1902. leased the
Cincinnati
Hamilton Traction Co. See V. 75, p. 906. Capital Stook

&

&

—

track, 101-4 miles; all operated.

Officers— Pres C'has. H. Davis; Vice Pres Lee H Brooks; 8ec,
W. E. Hutton; Treas., J.|M. Kennedy.—V. 7tS, p. 212, 480; V. 79, p. 2456.
,

,

CINCINNATI GEORGETOWN & PORTS
RR.-^teani and electric.

MOUTH

Organization.— Formerly a narrow-gauge steam road, but In Oct.,
1901, was purchased by A. W.Comstoek of Detroit, andin 1902 changed
to standard-gauge electric Now operates by both electricity and
steam. Under Ohio law, remains a steam road.

&

Outttand'g.
Maturity.
Interest.
Date.
STOCK
Bonds—
8toek, $1,500,0 )0
1.500.000
Jan. 1, 1932
1st mtge., $1,000,000) 1902
5 g. J. J.
1,000,000
gold ($1,000) ....c*SInt.atUnionTr&Sav.Bk.,Cincin..Tr.,AinN.Y.
Earnings- -For year ending June 30, 1904, gross, $142,966; net,
$50,272.
Road.— Operates SO miles from Cincinnati southeasterly to Russellvllle, Including branches of 3 miles to Batavla and 4 miles to Coney
Island.
An extension of 16 miles to West Union is building,
to be completed during 1905. Has 25 electric passenger coaches,
5 steam passenger coaches, 50 freight cars and 3 locomotives.
Officers- Pres., A. W. Comstock; Vice-Pres W. R. Todd; see, A O
Heraog; Treas. and Supt , H. E. Sawyer.— V. 75, p. 184, 665, 1253.
,

CINCINNATI
road.
RA ELECTRIC LAURENCEBURG & AUROSTREET RR.-A
trolley

A. Collins.— V. 75, p. 1031.

,

;

Stevens.

Road

is

build a line conCincinnati with Aurora, Laurenceburg and Harrison.
in operation from Anderson's Ferry at Cincinnati to Aurora,

and Harrison and Laurenceburg, 38 miles. The Union Savings Bank
6 Trust Co. of Cincinnati sold $750,000 of the bonds in Jan, 1901.
and an advertisement stated that no dividends would be declared
on the stock for Ave years, so as to create a surplus fund available
for betterments and extensions. See V. 72, p. 136. In May, 1904,
capital stock was Increased irom $750,000 to $1,000,000 by the issuance of $260,000 6 p. c. cumulative pref stock, the proceeds being
.

used for betterments.

STOCKS & Bonds—
Common, $750,000

Date.

Prei.,6p.c.,cum.,$250.000

Interest.

Oustanding. Maturity.
$750,000
250.000
750,000 July 1, 1919

1st mortgage., $750,000 >
1899
5 g. J.-J.
($1,000), gold
$ Int. atUn. Sav. Bk. &Tr. Co.,Cinn., trustee.
Directors— J. C. Hooven, President, of Hamilton, O., C. E. Hooven,

A. B. Vorhels, J. (i SchmiUapp and Stanlev 8hafer; Treas. and lien.
C. E. Hooven, Cincinnati.— V. 78, p. 2011, 2383.

Manager,

CINCINNATI
TRACTION CO. MILFORD & LOVELAND
Organization— Incorporated

in Ohio in Sept., 1902. and purchased
the Cincinnati Mllford
Eastern Traction Co.
Date.
Interest. OuMawl'a. Maturity.
STOCK and Bonds—
Stook. $1,000,000 <$100>
$1,000,000
1st mort., $1,000,000, g > 1903
3^0.000 July 1, 1923
5 <. JAJ
($500 and $1000) .*c&r Int. at Prov. Sav. B'k
Tr. Co., Cin.,trustee.
Bonds.— No sinking fund and bo ads cannot be called
Road. -Will operate 41 miles of track from Cincinnati to Loveland
and iron Cincinnati to Blanohester. Gauge, 5 ft. 2 in; 70-lb rails.
The line to Milford, 16m., has been completed, and remainder is under
construction; to be completed early In 1906. Enters Cincinnati over
the tracks of the Oincnnati Traction Co.
Officers. — President, B. H. Kroger; Vice-Pres.. Thome Baker; Secretary, J. Nevin Robert?; Treasurer, Leo J. Van Lahr.— V. 77, p. 25i>.

franchises and rights

f

.

A

&

<,

THE CINCINNATI TRACTION

CO--

Organization. Incorporated in Ohio on Feb. 19, 1901, with an authorized capital stock of $2,000,000 (which is all outstanding,, to
tnke over under lease the Cincinnati Street Ry. Co. See V. 72, p. 391.
Baa acquired all the $100,000 capital stock of the Cincinnati Zoological Co., which owns the Zoological Garden at Cincinnati.
REPORT.— For calendar year 1904 gross earnings were $3,770,022.
In 1903, $3,897,962. In 1902 $3,559.b85.
Road -The Cinn. St. Rwy. comprises 217-76 miles of track in the
city of Cincinnati, Ohio, extending also to adjoining suburbs. The
last cable line was converted to electricity in June, 1902. Gauge,
5

ft.,

2*2in.

OFFICERS.—President, W.KesleySchoepf: Chairman Executive Com
niittte. Hugh J. McGowan. Indianapolis; 1st V.-P., J. B. Foraker .Tr
2d Vice President and Gen'l Mgr., Dana Stevens; 8ec.,S. C. Cooper;
Purch. & Claim Art., J. H. Schoepf; Treas., W. H. McAllister; Aud'r,
C. F. Callaway; Supt., Robt. E Lee — V. 77, p. 510.

CINCINNATI STREET RAILWAY.-Electrlc.
Was leased on Feb. 21, 1901, to the Cincinnati Traction

(1)

Co. for the

unexpired term of the franchise granted by the city of Cincinnati on
Aug. 13, 1896, and all successive renewals and extensions of the same.
The rental is intended to provide dividends of 5^ per cent for the first
year, 5^ for the second, 534 for the third and 6 per cent for the fourth
year, and thereafter. V. 72, p. 136. The Rogers law of April 22.
1896. under which franchise was granted, was in Auff., 1902, declared
unconstitutional by Superior Court at Cincinnati, but dectsion partly
revised on rehearing. Appeal taken to State Supreme Court (V. 75, p.
393, 665), but not yet decided. On April 2S, 1903, the Superior Court
at Cincinnati declared unconstitutional the curative Act passed in
1902 to strengthen the franchise granted under ths Rogers law. The
case also is now oefore the State Supreme Court
Organization.— Incorporated June 21, 1880, and in 1896 purchased
Mt. Adams A Eden Park and Mt. Auburn roa^s.
Par. Interest.
STOCK & BONDS—
Outsland'g Last div., t&c.
Stock ($20,000,000)
50
Q.-J.
$18,036,950
See text.
Mt. Adams A Eden Park In.:
1st mortgage, currency
..
6 A.-O.
95,000
Oct., 1905
Consol. mort., currency
5 M.-S.
457,000
Mch., 1906
Interest Is payable at Franklin Bank, Cincinnati.
Mt. Auburn Cable Ry. >
1887 5 J D. 166.000
.,
June, 1907
1st i. assumed ..o*j Interest at Chemical Nat. Bank, N Y. City.
.

.

.

construction yet.

CINCINNATI INTERURBAN CO
&

all outstanding; no bonds.
operates 31-32 miles of track from the "Zoo" In
Cincinnati to Hamilton and 15 miles from Cincinnati to Lockland.
«au»re, 5 f t. 2 ^ inches. Operates over tracks of Cincinnati Traction

$100,000, (par $100.

ROAD— Owns and

Co. from "Zoo" to Fountain Square In Cincinnati.
Officers.— Pres., Geo. H. Warrington; 1st Vice-Pres.. J. B. Foraker
Jr.: 2d Vi<-e-Pres., Dana Stevens; Sec, 8. C. Cooper; Treas Wm. H. Mo.
Allister; Aud C. F. Callaway; Supt.,
G. Gilpin.— V 75, p. 497.
CINCINNATI
HAMILTON TR ACTION.- A trolley road
)
(
Organization—This company was organized in August, 1902, as a
consolidation of the Mill Creek Vallev St. Ry, and the Hamilton,
Glendale
Cincinnati Traction. V. 75, p. 437. On Sept. 30. 1902,
was leased to the Cincinnati Interurban Co. V. 75, p. 906. Rental,
year beginning October 1, 1902 0?. $55,000; 1901-04, $60,500; 19040"s #66.000; 190^00, *' 1,500; 1906-0- and 1907-03. $77,000: 190809 and 1909-10, S82.500, 1910-11, $88,000; 1911-12, $93,500; 1912-13
to 1914 15, $49,000; thereafter $100,000.
Date. Interest. Outstand'g.
Last. div.
BONDS
STOCK
8tockcom.$ 1, 100.000 ($100)
$1,100,000 Jan 1, '05
,

H

,

&

&

—

&

100

1

Tp* num

:

Q-J

100

:

^^ annum
per
:

\

Q

-

J

%%

I.IOO.OOO

5% per year

Dividm '#.—5 p. c.
Is being paid on the preferred stock.
The flrst dividend on the common of Jg p. c. was paid Jan 1, 1904 and
p. c. was again paid on April 1, July 1 aid Oct. 1, 1904, and Jan. 1,
H-.

1905.

Officers.—President, H. H. Hoffman; Vice-Pres., B.L. Kilgour; Seo.
and Tieas., A J. Becht, all of Cincinnati. V. 75, p. 290, 497, 906.

CLEVELAND, OHIO.

Organization—Incorporated in November, 1898, to
necting

No

V. 75, p, 1033.

CLEVELAND ELECTRIC RAILWAY.-^
map on pay 7
til.*

Or<i»»»ization— On July 1,1903, acquired the Cleveland Citv Ry.
Co. »nd increased its capital stock from $13,000,000 to $23,400,000 te
provide for the purchase. Cleveland City stockholders received 130
shares in the Cleveland Eleotric Ry. for eaoh 100 shares of stock held.
V. 76, p. 1142 Universal transfers and 6 tickets for 25 cents followed
the consolidation (V.76, p. 1142, 1247), but the experiment resulted in
considerable losses, and March 22, 1904, arrangement was modified.
V. 78, p. 1222. For deciston of U. 8. Supreme Court, deoidiag against
the right of the city to fix fares, see V. '8, p. 2334.

STOCK

db

Bonds—

Date.

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

Stock ($100)

Q.-J. $23,400,000 Jan. 5, 1905,1%
Bonds assumed—
(1892 5 M-S 1,000,000 March, 1910
E. Cl«- v. RR. 1st M ($1000) \ Interest at Central Trust Co.. New York.
Cleve.
City Cable
Ry. j 1899 5g.J.-J. 2,026,000 July 1, 1909

gold, $1,000 c. &r. IstM. X Central Trust Co., New York, Trustee.
Vleveland Eleetric Railway—
"8
5,000,000 Mch. 1, 1913
latrnn M. f*l 0OO1 g.c &r f 1893 5 «($i,ooo) e e-.tr
1st con.
} Int atCentral TTn/it co.,N.Y City, trustee,
nr> limit upon the amount of bands i -suable under
B'<nds—There Is
the consol. mtg. of 18 *3, hue further issues (with the exception of
$1,000 000 reserved to retire the $1,0 0.000 East Clev RR. >stmtg.
bonds) can only be made at the rate of $25,000 per mils for new single
traefc. The bonds are a first lien on the Broadway A Newburg system
and on all extensions made and property acquired subsequent to the
consolidation; they cannot be called before maturity. V. 61, p. 749.
Dtridends.— The quarterly dividend was passed in January, 1896; in
April, 1896, paid h p. c; in 1897, 3 p. c; in 1893, 3>4 p. c; In 1899,
2% p. o. (October dividend having been passed on account of strike);
in 1900. 3\ p. c; in 1901, 4 p. c; in 1902, 4 p. c; in 1903, 4 p. c.; in
1904, 4 p. c; in 1905, Jan., 1 p c.

M

M

Road The
of aboui

220

consolidated

company operates aggregate

single track

miles, mostly 82 and98-lb girder rails.

Annual Report— For calendar year 1903 and 1902:
1903.
$4,578,941
2,850,321

Netearnings

LATEST Earnings —For

6

1902.
$4,369,721
2,518,419

$1,728,620

Gross earnings
Operating expenses

$1,851,302

months ending Jure

30, 1904; Gross,
total net income,

$2,244,290, net, $888,818; other income, $3,5 .4;
$-92,342.
OFFICERS— Pres., Horace E. Andrews; Vice-Prest., C. F. Emery: Sec,
H. .'. Davies; Treas., Geo. S. Russell; Asst. Tieas., John Ehrhardt;
Auditor. W. G. McDole; Gen. M<rr., .lohn J Stanlev. V. 78, p. 228,
122^, 1391, 2334; V. 7t>, p. 268, 733, 2085, 2587, 27J-5.

—
CLEVELAND &road.
SOUTH-WESTERN TRACTION CO —A
trolley

as a consolidation in DecemWestern Ry., the Cleveland &
Southern Railway Co. and the Norwalk Gas & Eleotric Co.

Organization— Incorporated in Ohio

ber, 1902, of the Cleveland Elyria

A

Maturity.
Date. Interest. Outstanding.
STOCK AND BONDS—
Com., $3,000,000 ($100)
$3,000,000
Pf.5% cu ,$2,000,000($100)
1,800,000
°n
a Ut
"95 6 MAN
200,000 May 1. 1915
™*/««£?»
?
fa
$Int. atCit. Sav. & Trust Co., Cleve, Trus.
i**" call 190>
8ubject to "wVqA-""
Elyria & Oberlin 1st M. on
1897 6 FAA
100,000 Aug. 1. 1917
9 miles ($500), gold.
Interest at Cleveland Trust Co., trustee.
Subject to call 1907 -\
CI. Ber. Elyr. <feO. con.
1899 5gM&8
$127,000 Mch. 1,1919
$500.000, g. ($1,000 ea.) S Interest at Cleveland Trust Co., trustee.
Subject to call 1909.
)
1900 5g FAA
1.073,000 Aug. 1,1920
Cleveland Elyria & West- f Interest at Cleveland Trust Co., Cleveland,
em 1st M., $1,500,000^ Trustee, or at the Nat. Bankof Commerce
c*l
($1,000), gold
In N. Y. May be called after 10 yrs.atlOO.
,1902 5g J-J
100,000 Jan. 1, 1922
„„. .
T?v1at (
Cleveland,
(
J Interest at Cleveland Trust Co.,
1
"
Trustee," and Colonial trust Co., N. Y.
*».^'*i
M'n^onn ($1,000). g..c*
$100,000 !*!
Can be called at par after 10 years.
1900 6, A-O
110,000 Apr.l, 1920
Norw'k Gas & Elec. 1st M. Int. at Guardian Trust Co .Cleveland.trustee, or Chase National Bank, New York.
Cleve. A 8outh-W. i stand ( 1903
5g.
635,000 Feb. 1,1923

Q

M

"

M

T™„L ?vTw
^

•

FA

con. M. $3,000,000, g.. 1 Int. at Guardian Tr. Co., Cleve., Trustee, or
,c*( Colonial Trust Co., New York.
($1,0.0)
,

Feb., 1005.]

STREET RAILWAYS.

761

1

.

STREET RAILWAYS.

762

Bond*— No sinking fund, but new bonds of 1903 are subjeot to call
after 1913 at 105 and Int.; $1,700,000 are reserved to retire prior
Hens and $6«s.000 for extensions and improvements or purohase of
other companies
Of the Cleveland Berea Elyria & Oberlin 5s dated March 1,
1899, $300,000 remain in reserve for the retirement at or before matuOf the $1,500,000 Cleve.
turity of the divisional 6s to a like amount
Elyria & Western new 5s, $427,000 are reserved to retire prior liens.
Earnings— For calendar year 1904, gross. $175,361; n<>t, $181,746.
In 1903, gross, $445,168; net, $180,936; int., $98,302; surp., $82,634.
Road— In Jan., 1905, was operating 134 miles of track, extending
from Cleveland to Berea, Elyria and Oberlin; also Nor walk, Medina,
Creston and Wooster.
Officers— Prest., F. T. Pomeroy; Vice-Pres., A. E. Akins; 8ecret'y,
E. F. Sohneider; Treas.,F. L. Fuller; Gen. Man., H. A. Nicholl.— V. 76,
p. 212, 265, 593, 1299.

& EASTERN
CLEVELAND
RAILROAD- PAINESVILLE April 25,1895. Road
Ohio oi

Organization, Etc.—Incorporated in
completed in July, '98. In April, 1902, authorized stook was increased
from $1,500,000 to $2,000,000, for extensions and improvements, a

&

Maturity.
$1,606,000
Stock, $2, 000,000; par $100
500,000 Apr. 1, 1916
«^nftn(1896 5g.A-0
l8 *i«™.t „«m $500.000 S ^teregt * Morton Tr. Co., N. Y.,or Clevet
,Xn'/°n'
c; £
,000 eacli)
($1
laB d TrU8t oo. Cleveland, the trustee
$500,000 July 1, 1907
Debentures, $500,000, 5 1897 6 J- J
($1,000)
I Int. at Dime Sav. <fe Bkg., Clev., trustee.
1898 5 A-0
$402,000 Oot. 1. 1918
/v„, „„ rt
<*n-.mortgage, t, nAnnm ( Int. at Dime Saving & B'k'g Co., Cleve.,
$2 000,000 N
($1,000) g
trustee, or Colonial Trust Co., N. Y.
£

STOCK

BONDS—

Date.

Outstand'g.

Interest.

-i

,

™„

Bonds— Of the $2,000,000 consols authorized, $1,000,000 is reserved
to retire underlying liens, and $204,000 held in Treasury.
Road— Owns road from Euclid, Ohio, to Painesville and Fairport,
23-02 miles ("Main Line"), ana uses Cleveland Electric Ry. from
Euclid to Public 8quare, Cleve., 10 miles; also owns " Shore Line,"
extending from Willoughby to Glenville, O., 14*89 miles, and uses the
Cleveland Rlec. Ry. Co.'s track from Glenville to the Publio Sq..,
Cleve., 5 miles. Total track owned (including 4^ miles of double),
43 miles. Rails 68-lb. girder on Main Line, 75-lb. T on Fairport Line
and 70 lb. T and 90-lb. girder on "Shore Line"; 32 motor cars. Power
house is at Willoughby. Car houses at Willoughby, Painesville and
Nottingham.

31—

1904.
$2^5,751
136.021

1903
$214,631
127,149

1902
$189,187
105,669

1901.
$164,971
87,102

$89,730
»0,250

$87,482
78,007

$33,518
74,552

$77,869
71,296

$9,480

rears to Dec.

Gross earnings
Expenses and taxes

$9,475

$8,966

$6,573

Net
Fixed charges
Surplus

W. Wason; Vice-President,

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

OFFICERS— President,

C.

CLEVELAND PAINESVILLE

BULA. RR.—

J.

& ASHTA-

A trolley road. Eutirely over private right of way,
except through some of the villages.
Organization.— Incorporated in Ohio in 1902.

&

Interest, outstanding.
Maturity.
Date.
Stock
BONDS
Stock, $1,000 000 ($100)
...
$1,000,000
1st niort, $1,000,000 >
1902
July 1, 1922
5 g. J-J
850,000
gold ($1,000)
c* s Int. at Cleveland Tr. Co .Cleveland, Trustee.
Bonds. -$150,000 are reserved for future extensions and improvements. No sinking fund and bonds cannot be called. See V. 75, p. 549
Road— Operates 30 miles of track between Painesville and Ashtabula
put In full operation on July 30, 1904. 70-lb. T and girder rail
used. Track, standard gauge. Connects at Painesville with the Cleveand Painesville & Eastern RR. aad at Ashtabula with the Pennsyl.

<

vania

& Ohio

Ry.

Officers.— President, W. J. Hayes: Vice-Pres., J. W. Holjomb; Sec,
W. L Hayes; Treas., J. R.Kraus.— (V. 7i*,p. 1955.)

EASTERN OHIO TRACTION-Trolley.
Receivership— On Feb. 15, 1904, President George T. Bishop was
receiver at the instance of the directors, pending reorganization.
V. 78, p. 768. In Oct., 1904. It was proposed to levy an assessment of
$ 5 a suare upon the stock, t provide for the payment of the floating
debt and for improvements and extensions. V 79, p. 1955. Nothing
definite ha<i been done on this, however, in Feb., 1905. The interest
due Jan. 1 on the Cleve. & Eastern bonds was not paid; that due
J uly 1 1904, was paid Nov.. 1 904. No interest has ever been paid on
the East era Ohio Traction bonds.
Organization.— Incorporated in Ohio in Jan., 1902, as a consolidation of the Cleveland & Eastern Ry., the Cleveland & Chagrin Falls
Electric RR. and the Chagrin Falls & Eastern Electrio Ry.
In April, 1903, it was proposed to issue $300,000 new preferred stock
to take up a like amount of income bonds, so that $300,000 1st mtg.
bonds reserved for the retirement of the same oould be released V. 76,
This plan has not been carried out. These income bonds were
p. 704.
authorized at tbe time of the consolidation, Interest to be paid if
earned. As soon as interest is paid on theee bonds the holder is
obliged to exchange them for first mortgage bonds, thus increasing
the amount of first mortgage bonds outstanding to that extent.
Date. Interest. Outstand'g.
Stock
Maturity.
Bonds—
Stock, $2,500,i '00 ($100)
$2,259,000
East. Ohio Trac. 1st con.M., ( 1902 5g. J.-.T.
706,000 July 1, 1922
$2,500,000,g,($l,000).G&rV Int. at Cleve.Tr.Co., Cleveland. Trustee,
Cannot be called.
or Standard Trust Co New York.
(
Cleve. &East 1st mort., (1899
5 g. J-J
$887,000 July 1,1919
$1,000,000 ($1,000 ea.), ] Int. at Clevel. Tr. Co., Trustee, Cleveland,
gold
c*(
or Standard Trust Co., New York.
Chagrin Falls) 1896
_N
$200,000 May 1,1916
IstM., $200,000, g., red
Int. at Guardian Tr. Co., Cleve., Trustee.
aft. May 1, 1906 ($500)0
Cleve.&Chag.Falls newM..
1900
5g.M-N
$100,000 Nov. 1, 1920
$300,000 ($500) gold c
Dime Sav. & Bk. Co., Cleveland, Trustee.
Can be called 1910.
Bonds -Of the new $2,500,000 consol. M., $1,300,000 are hold to take
up existing bonds and the balance ($494,000) for extensions and construction. The coupons on the $706,000 outstar ding bonds have been
cutofluDtoJuly 1, 1904 and none paid since. Of the CI. & Chagrin Falls
mort. of $300,000, $200,000 reserved for prior bonds. Of the Cleveland & Eastern lionds $113,000 are held In the treasury.
REPORT for calendar year 1904: Gross, $217,142; net $40,965.
Road— Owns and operates 46 miles of track from Cleveland to Chardon, Burton and Middleneld, O., and from Cleveland to Hiram and
Oarretsvillo via Chagrin Falls, 40 miles. A link of 11 miles between
the terminals of this company and the Mahoning Valley Ry. to Youngstown has been contemplated. Total track operated, including sidings,

made

>

,

&

,

6gM

.

95 miles.

Officers— President & Gen. Man., Geo. T. Bishop; Vice Pres., H. A.
Sherwln; Sec. & Treas., Jas. A. Currie— (V. 78, p. 768; V.79, p. 1955,
2147, 2205.)

[Vol. lxxx.

FOREST CITY ST. RY. (CLEVELAND).Inoorporated at Columbus, O., in Oot., 1903, with $250,000 authorized oapital. Is a 3-oent fare company, which has succeeded to the
franchises granted the previous month by the Cleveland Citv Council
to the People's Ry
On Nov. 28. 1904, thrf Circui Court at Cleveland
dec ded 'hat the franchise for the line on Denlson Ave. was Invalid.
V. 79. p. /587. The work of construction has been enjoined and
case is now in the Circuit Court. President, M. A. Fanning.— V. 77, p.
770, 1294; V. 79, p. 2587, 2795.
r.

-

LAKE SHORE ELECTRIC
Bondholders are to have control for

RY--A trolley road.

years through a voting
trust composed of the following voting trustees: E. V.Hale, J. R.
Nutt, H. P. Mcintosh, S F. Hasarot and E. G. Tlllotson.
Organization— Is a reorganization in 1903 of the old Lake Shore
Elec. Ry., which was Incorporated on Sept. 25,1901, under laws of Ohio
as a consolidation of the Lorain & Cleveland Ry., the Sandusky & Interurban Ry., the Sandusky Norwalk & Southern Ry. and the Toledo
Fremont & Norwalk RR. V. 73, p. 784.
Date.
Interest. Outstand'g. Maturity
STOCK
BONDS
Com, $4,500,000 (par $100)
$4,500,000

—

&

%orf%^

00

(

a

.°.. ?. .!!

.*

.

$4 000 00

c n

l8

five

'

<$i o o 6) goia.
Ifci.uoo) ffi'

'

c^
c

tec

^

3,000,000

5

(trustee, or Colonial Trust Co.,

5 *• F " A
Int at ctizens, 8av

1903

N.Y.

Feb.1'33
Cleveland,
( trustee, or company's agency in N. Y.
1897
$750,000 July 1,'27
5g. J-J
lorain
1st, c r<Rl ' OOOl (
i "0)3
interest at Cleveland Trust Co., trustee,
MwmnAft *• g ( *
ft>i,uuu,oou
OJ Co:onia i Tru8t Co., New York.
^
T.F.& N. 1st M., $1,500.000, ) 1900
1,500,000 Jan. 1, *20
5g. J-J
g., guar. ($500, $1,000*.. o* S Int. at Union Tr. Co., Detroit, Trustee.
Bonds— Of the $4,000,000 first consols, $2,250,000 are reserved to
retire prior liens, $4,000,000 of tbe gen. mtge. 5s are reserved to retire
the first consols and $2,111,000 for extensions and improvements at
80% of cost. Neither issue is subject to call. A sinking fund of
$10,000 per annum on the first consols commences Jan. 1, 1909, and
runs until 1914. From 1920 to 1922 incl., $30,000 per ann. is payable.
The L. & C. bonds can be called after July 1, 1917, at par andinterest.
The T. F. & N. bonds oan be called at 110 and interest on any interest
date upon 90 days notice. These bonds are guaranteed, principal and
interest by endorsement by tbe Lake Shoie Electric Ry. Ksinking fund
on the T. F. & N. bonds of $10,000 per annum commences in 1905 and
runs to 1909, inclusive; from 1910 to 1914, $20,000 per annum; 1915 to
1919, $30,000 per annum.
Lien - The T. F.
N. bonds are a first lien on the division between
Toledo and Norwalk; the L. & C. bonds are a first lien on the road
between Cleveland and Lorain; and the new 1st consol. bonds a first lien
on all other lines and also a second mtge. on the divisions noted above.
Earnings— For year ending Dec. 31:
ffet.
Balanee.
Oross.
Fixed charges.
1901
$244,816
def.$18,653
$659,873
$226,163
def. 20,033
1903
220,712
240,745
616,484
Road—Operates In all 162*2 miles, extendingfrom Cleveland toToledo
and Sandusky and from Sandusky to Norwalk; also city lines in Sandusky; standard-gauge 75-lb rails. Through line from Cleveland to
Toledo was opened for business about Aug. 26, 1902.
OFFICERS -President, Warren M. Bicknell; Vice-Pres., J. R. Nutt;
Treas., E. V. Hale; sec, F. W. Coen, Electrio Building. Cleveland.—
V. 77, p. 298; V. 78, p 48, 2442; V. 80. p. 472.

Oeneral mtm
<R7 000 000
$7,000,000
?«f nnnS''
(q>i,uuu) goto.
.c

<
>

889,000

.

& x^ Co

.,

*C

.

&

COEUR D'ALENE, IDAHO.
COEUR D'ALENE & SPOKANE RY. CO
—A
roaa.

LTD.

trolley

Organization.— Incorporated in Idaho.
Dale.
Interest. Outstand g
Stock & B^NDS—

Maturity.

Stock, $500,000 ($100) .„
$387,000
Jan." 1,1929
IstM.,$500,000, g.($100.) 1904
5 g. J-J
500,000
$500 and $1,000)... c&r J Int. at Title Guar. & Tr. Co N. Y., trustee.
Bonds— A sinking fund of 5 per cent of net earnings is provided.
Bonds are subject to call after Jan. 1, 1914, at 105 and interest.
Earninqs— For 8 months ending Deo. 31, 1904, gross, $103,' 48; net,
,

$40,2s2.

Road— Operates 34 miles of track between Coeur D'Alene, Idaho
and Spokane, Wash and has trackage rights of 3 miles additional in
city of Spokane with Spokane Traction Co. Standard gauge. 60-lb.
,

T rail.
F. A. Blaokwell, Coeur D'Alene; l«t Vlcevice- Pres., J. P. Graves; SecreMgr., R. F. Black well;
tary, C. P. Lindsley; Treas., William Dollar.—V. 78, p. 286; V. 80, p. 71

Officers— President,

Pi-es.

2d

&

COLORADO SPRINGS, COL.
COLORADO SPRINGS & INTERURBAN RY.
ORGANIZATION— Incorporated in August, 1902, as a consolidation of
the Colorado Springs Rapid Transit Ry. and the Colorado Springs &
The consolidated company, it is understood, will
Suburban Rv.
issue $1,500,000 stock and $1,500,000 5 p. o. bonds, but Information
as to new company refused —"is a close corporation and has neither
stook nor bonds on the market." We are advised, however, that sufficient of the new bonds are reserved for underlying Hens. Facts below
relate solely to the old Colorado Springs Rapid Transit Ry.
Colorado Springs Rapid Transit.
BONDS— Miles. Date. Interest. Outstand'g. Maturity.
STOCK
8tock (par $100)
$500,000 f.p
1910
7*8 1890 6 A-O
338,000
IstM., $1,000 each...
162,000 Apr. 1, 1921
1891 6 g A-O
Consol. M.,$l,000,ea.,) 27
Central Trust Co., N.Y. Trustee.
for $500,000, gold.. S
Interest is payable at Chemical National Bank, New York City.
Consolidated mortgage limited to $500,000 by cancellation of
$250,000 of the bonds; $338,000 reserved for first mortgage
ROAD— Owns 38 miles of track.
OFFICERS— President, A. G. Sharp; Vioe-President, D. H. Rice; Secy
Wm. Lloyd; Treas., C. S. Chamberllu.— V. 70, p. 75, 175, 328.

&

COLUMBIA,

S. C.

COLUMBIA POWER-A
WAY LIGHT & ELECTRIC STREET
and
Organization— Organized

RAIL-

trolley road.

is a consolidation
in S.Car. Jan.6,1892,
Suburban Ry. Co. and the Congaree Gas
of the Columbia Electric
Electrio Co., Controls by lease from State of South Carolina 500 H. P.
water power on banks of Columbia Canal for 30 years from Deo. 6,
Eau Claire Electric Ry. The
1892. Has aooulred the Columbia
Columbia Gas Light Co. is owned bv friends of the company.
Control of the company was acquired in 1903 by the Columbia Trust
Co. and other local Investment interests allied with it. See V. / 7,
p. 2280.
In April, 1904, the Public Service Co. wa9 organized by interests
identified with this company. It owns a large traot of land, part of

&

&

&

STREET RAILWAYS.

Feb., 1905.

Owns track in this pa -k, which is
is used as a public park.
leased to the Columbia Eleot. St. Ry. Light & Power Co.
Outstanding.
Interest.
Maturity.
Date.
Bonds— „
Stock
$250,000
Common, $250,000, $100
Pief.. $250,000, 6% cum., I
250,000

Bonds.—Both underlying

whtob

J""'

;

;

;

COLUMBUS, GA.

in
6, 1903, and owns all
the securities of the Oas Lt. Co. of Columbus, a controlling interest in
the < Chattahoochee Falls Co. and the greater part of the securities of
the Columbus RR. Co., which companies do the entire street railway
and lighting business of Columbus and the adj >inlng towns of Phoenix
andGlrard. Franchises perpetual. The freight lines are leased to the
Seaboard Air Line Ry. for 50 years, from Oot. 17, 1901, at a rental of
$7,500 per annum.
Outstand'g.
Interest.
Date.
Maturity.
BONDS
STOCK
Com., $750,000 ($100)
$750,000

—

6 p. o non-cum.
$500,000 ($100) ..\
lstooLM., $1,500,000,)
Pref.,

9-79 nnn
^7AOOO

T T
J "J

614,000.. Apr. 1, 1933
1903 5g.,A-0
gold ($1,000)
o'( Interest at City Trust Co., Boston. Trustee.
5 A-O
423.000
Oot. 1, 1937
Col. RR. 1st mort*ge..>
1898
$450.000. g.(S 1, 000 S Int. at West End Trust Co., Phila., Trustee.
1

1903
6A -°
250,000
Oct. 1,1937
Int at Clty Tra8t °°" Boston Trustee.
1891
6 J •D
15,000 June 1, 1 911
G. L. Co. of Col. Mtge.
Bonds.— Of the $450,000 Columbus RR. 1st mortgage bonds $27,000 are reserved to retire underlying 6 p. c. bonds of like amount due
in 1913. The new $1,500,000 bonds of the Columbus Eleotrio Co. are
subject to call on or after April 1. 1908, as a whole, at 105 and interest. An "improvement fund'' of 2 per cent per annum of outstanding bonds commences in 1905.

^tmWSiWM^
onm $250 000

.

)

ROAD—Operates 24 72 miles of track.

Earnings— For 12 months ending July 31, 1904, for Columbus RR.
only, gross, $154,472; net, $50,082; charges, $22,097; surplus, $27,985.
Of the Gas Light Co. of Columbus for 12 months ending July 31, 1904,
gross. $22,954; net. $7,360; charges, $1,283; surplus, $6,077
Officers—Presid't, H. G. Bradlee; Vice-Pres., John W. Hallowell,
Sec, Henry R. Hayes; Treas., A Stuart Pratt; General Managers
and Transfer Agents, Stone & Webster, Boston.—V. 76, p. 704.

COLUMBUS, OHIO.

COLUMBUS RY. & LIGHT CO.-Trolley and

electric

light.

Organization— Incorporated In Ohio on May 12, 1903, and acquired
under lease the Columbus Ry. Co. and the Columbus Edison Co. at a
rental of guaranteed dividends at the rate of 5 per cent per annum on
the preferred stock of the former and 6 per cent per annum on the preferred stock of the latter, and 5 per cent per annum on the common
stock of each, the dividends on the common stock of each company to
commence Sept. 1, 1903. Holders of common stock of the two companies were allowed to subscribe to the stock of the new company to
the amount of their present holdings, 20 per cent to be paid in cash and
the remainder subject to call, but not more than 10 per cent in any one
year. See V. 76, p. 1 142.

Stock

&

Bonds.— Date.

Outstand'g.
p. c. paid in

Interest

5 q-

,

.

:

Stock, prei!,"$3,5o6".6o6
($100) 5 p.o. cum. guar.

Outstand'g

Interest.

-

5

m

Lastdiv..

M

$3,000,000$

-

q= 0ftnftft $
3,500.000

Q _F
Q F

1

f; p
1

<te.

1 905

'.

Feb. 1,1905,
'

£
lk p c
1889 5 g. J. - J.
595,000 July 1, 1909
^mav^elaUed^or's f 1 Interest at Central Trust Co., N. Y.
at 110 .?..!...„!. ..'...' 5
2,40\000 July 1, 1932
5 g. J.-J.
rni stRvist<Mnnonnn( 1892
y
$3,000,000 > interest E
Ci ark & C o.. Phila!
rold
K
° ( Knickerbocker Trust Co., N. Y., Trustee.
Crosstown l6t mort., g., > 1893 5 g. J.-D.
572,000 June 1, 1933
gu., p. <fei. o.*
Knickerbocker Trust Co., N. Y., Trustee
5
Columbus St. Ry. notes
4
24,000 Mar. 15,1905
C
*>Q-J
Oct. 1, 1939
2.799,000
$7 000 OoV(°$ToooT^] 1899
Bonds are.redeem after I Intl at Um ° n 8av Bk & Tt Co of <**J

81

'

.

W

.

-

at

interest.

co

J

-

8

omce

-

-

-

-

Bonus.—The Columbus Street Railway mortgage of 1892 is for $3,000,000, of which $595,000 are in hands of trustee (Knickerbocker
Trust Co., N. Y.) to retire the Col. Consol. St. RR. firsts. The Grosstown Street My. 1st M. is for $2,000,000, of which $572,000 are outstanding; the rest have been canceled. Principal and interest of tne
Crosstown bonds were guaranteed by the old Col. St. Ry. Co.
Of the $7,000,000 mortgage of 1899 of the Columbus Railway,
$1,500,000 were issued in payment for the Columbus Cent. Ry. pr open $3,000,000 will be held in trust to retire the Columbus Street Ry.
and the Columbus Consolidated Street RR. bonds, $572,000 to retire
the Crosstown mtg. bonds and $300,000 to take up unsecured 4 per
cent notes of the Columbus Street Railway; $1,628,000 was reserved to
be used hereafter from time to time in making extensions, improvements and additions—$628,000 upon a 23- vote of directors, the other
$1,000,000 only on a vote of stockholders. This covers the whole
$7,000,000. In the table above we report as outstanding, $2,799,000.
This includes $1,500,000 Issued in payment for the Columbus Central
Ky., $256,000 issued under the clause providing for the retirement of
4p o. notes and $1,043,000 unrter fie clause concerning improvements; of the $2,799,000 out, $699,000 are held by the Columbus Ry.
& Light Company.
AVan<?Ai»«g.- circuit Court at Columbus, O., on June 25, 1903,
handed down a decision sustaining the claim of the Columbus Ry. to
perpetual franchise rights on certain streets. V. 77, p. 35.
Columbus Edison Co.
Bonds—
Dute. Interest. Outstand'g.
Maturity
_ Stock
Common, $100
....
5 q.-M.
$450,000 Dec, '04. 114%
Pref. 60/ emu. $100
6 Q.-F.
450,000 Feb., '05, 1^%
;

&

C

tm0rtgage
°gold^uar
i
1

gom^uar

"10

^

6
}

•-

—

6g.M,N.
5g.A,0.

CENTRAL MARKET STREET

450,000

Nov.

1,

1922

300.000

Apr.

1,

1929

RY.-A

trolley
road.
Interest due Jin. 1, 1905. on the bonds was defaulted, and a bondholders' committee consisting of Frank W. Rollins, Walter H. Seavey,
Benjamin Fisher, Frederiok f. Ristlne ana John J. Tyler was formed.
Bondholders were asked to deposit tnelr bonds with the Mercantile
Trust Co. of Boston. V. 80, p 649. On Jan. 3, 1905, Messrs Myron
H. Wilson and J. G. Schmidlapp were appointed receivers. Bee V. 80,
p. 117.
Organization— Incorporated in Ohio on Jan. 5,1901. Franohise
provides that tickets shall be sold 8 for 25 cents and transfers be
London &
issued to all lines entering or using the Columbus
8pringfleld Ry. Co. interurban loop.
Interest. Outstand'g.

Date.

Maturity.

$750,000
500,000
500,000 Jan.

Pf.,$750,000 6%non-o.($100)

1, 1922
1st mortgage, $500,000.) 1902
5 g. J-J
Tr. Co., N. Y., Trustee.
gold ($1,000). gu. p.&i.o^ 5 Int. at N. Y. Sec.
Bonds— sinking fund of 5% of gross receipts commences after 5
years. Entire issue is subject to call after 5 years at 110 and Interest.
These bonds are guaranteed, principal and interest, by Col. London
& Springfield Eleo. Ry.

&

A

Road— Operates 16 miles of track, all in city of Columbus. Also
leases 15 miles of city line fr<>m the Columbus London & Springfield,
Newark and the Columbus Grove City
the Columbus Buckeye Lake

&

& Southwestern.

OFFICERS—President, Arthur E. Appleyard, Boston; Vice-President

& Gen'l Manager, Theo. Stebbtns, Columbus Seoretary, C. F. Coaney.
— V. 75, p. 239; V. 77, p. 88; V. 78, p. 1548; V. 80, p. 116, 221, 649.

BUCKEYE LAKE & NEWARK

COLUMBUS
TRACTION CO-

Oroanization—Incorporated In Ohio on Oot. 19, 1899. Of the
$1.500,0u0 authorized capital stock, $500,000 was changed to preBuilt largely on private right of way.
ferred In 1902
Maturity.
Date. Interest. Oustand'g.
BONDS—
STOCK
Common, $1,000,000 ($100)
$1,000,000
-.
Preferred stock, $500,000,)
e
T
T
nn nnn |Jan„ ,05, <,<v
oJ - J
3%
500,000 IT
($100) 6 percent,|non-cum. \
1901 5 g., M-N 1,243,000 Nov. 1, 1921
1st mortgage. $1,500,000, )
gold ($1,000)
c* Slnt atKnickerbockerTr.Co.,N.Y.,trustee.
Bonds— The remaining $257,000 can only be issued for additional
property at 75 p. c. of cost. Are subject to oall on any interest date at

&

HO and interest on 3 months notice.

p. 0. on preferred stock was paid
1903; also 3 p.o. July, 1903; in 1904, 6 p. 0.; in 1905, Jan., 3%.
Earnings— For calendar year 1904: gross, $225,410; net, $99,827;
interest and taxes, $63,861; dividends, $30,000; surplus, $5,966.
Road— Operates an eleotrio road from Columbus to Newark, with a
branch from Hebron to Buckeye Lake, 39 miles; 70-lb. T, 90-lb. girdAlso owns large summer resort at Buoker and 107-lb. Trilby rail.
eye Lake, covering 18 square miles. Standard gauge, 14 oars.
OFFICERS— President, S. Reed Anthony, 53 State St., Boston; VicePres., Philip Saltonstall, Boston; Treasurer, Chauncey Eldridge, 53
State St., Boston, Mass.; Secretary, C. C. Williams, Columbus; General
Supt., J. R. Harrigan. Newark.— V. 77, p. 88; V. 78, p. 703, 2334

Dividends— First dividend of 1^

Jan.

1,

COLUMBUS NEWARK
ELECTRIC RY--A trolley road. & ZANESVILLE
Organization.
1904, absorbed the

STOCK

&

Incorporated in Ohio on July 2, 1902, and In May,
Newark & Granville Street Ry.

BONDS—

Date.

Outstanding.

Interest.

Com., $85O,OOO,$100

Columbus Railway Co.

Date.
& BONDS.—
B
5 00 000
^
%fdo^: ..f:

Stock

EK

Maturity.

20

Stock, $5,000,000

Properties Controlled— Operates 107 miles of track, 5-6 of which
a new suDurban line and 12 miles interurban. Also does the greater
part or the electric light and power business of Columbus.
Officers— Pres., Robert E. Sheldon; 1st Vice-Pres., Gen. Mgr. and
Treas.,
Stewart: 2d Vice-Pres.. C. M. Clark; Sec and Auditor,
P. V. Burlngton.— V. 77, p. 35, 451; V. 78, p. 703; V. 80, p. 117.

STOCK & BONDS—
Common, $750,000 ($100)

CO.COLUMBUS ELECTRIC on Feb.
Maine
Organization —Incorporated

&

by Columbus Edison

Is

120,000
Jan. 1, 1930
l8tM.$350,000($l,000)0* 1900 5 g. J.-J.
5-0,000
Apr. 1, 1933
New 1st cons. mtge. g... I 1903 5 g. A.O.
$1,000,000 $1,000 s.f o* \ Int. at Slater Tr. Co.. Pawtucket, R. I., Trus.
Bond 4— $120,000 of new oonsols is reserved to retire the first mortis provided at follows: From 190* to 1912
fage lionds. A sinking fund 1917 $7,000 per an., the remaining 15
3,000 per an., from 1913to
years $10,000 per an., and bonds are subieot to oall at 105 and int. on
Apr. 1, i908, or on any interest day thereafter.
Earnings. -For 1304. gross, $153,576; net, $37,449; fixed charges,
$3^,583; surplus, $17,861.
Road— Operates about 16 miles of track. Also does all electric lighting for oity. Owns water power contracts
Officers— Pres., E. W. Robertson 1st Vioe-Pres., J. L. Minnaugh
2d Vice-Pres.. and Gen. Mgr., P. I. Welles Sec, A. L. Kraus Treas.,
Columbia Trust Co.— V. 76, p. 1248. 1300; V. 77, p. 2^80.
;

liens are guaranteed

Co.

&

$100

763

Maturity.

$850,000
400,000

Pf.,n.-o.,$400.000,$100
Mar. 1. 1924
5 g.
8
1,250,000
let inort., $2,000,000, ) 1904
gold ($1,000) .. .c*$ Int. at Knickerbocker Trust Co., N. Y., Trus.
Bonds.— No sinking fund; entire issue of bonds (but no part) oan be
called at 110 and interest on any Interest date; $750,000 are reserved
for future improvements at 75 p. 0. of cost.
Road-— Operates 30 miles of track from Newark to Zanesvllle, including the city line* in Newark and Granville. Commenced operations on May 6, 1904. Standard gauge; 70-lb. T-rail. Total track,

M

43 miles.
Officers. -Pres..

P L. Saltonstall; Vice-Pres., 8. Reed Anthony;
Seoretary, C. C. Williams; Treas., Chaunoey Eldridge, all of Boston;
General Manager, J. R. Harrigan. -V. 78, p. 2334.

COLUMBUS DEL A WARE & MARION RY--

A holding company.

Organization— Incorporated in Ohio in October, 1904, and owns
the entire capital stocks of the Columbus Delaware & Marlon Elect.
RR., the Marion Ry., Light & Power Co. and the Columbus Northern
Ry. Power & Equipment Co.
Date.
Interest.
Outstand'g, Maturity.
STOCK
BONDS—
...
Stock, $2,->0O,OOO, $100
$2,500,000
1st ref mtge.,$2,500.000. ? 1904
5g. F-A
600.000 Aug. 1, 1944
Int. at Mercantile Tr. Co., N. Y., Trustee.
gold (f 500 & $1,000) .c* s
2d mort.. $^00,000, gold £ 1904
5g.
Sept. 1, 1934
»
Standard Trust Co., N. Y., Trustee.
($i,O0O)
5
Bonds.— Of the new re f. mtge. $1,600,000 are reserved to retire the
E Co., the Marlon Ry., Lt. & P. Co. and
bonds of the Col No. Ry. f
the C. D. & M. Klec. Hit.
Officers— Pres., John G. Webb; Sec W. A. Blaok; Treas., M. J
Catrow; Gen. Mgr., George Whysall.— V. 80, p. 117.

&

.

&

,

)

(

COLUMBUS DELAWARE & MARION ELECTRIC

Organization—incorporated in 1901.
Date. Interest. Outstand'g.
STOCK & Bonds—
Common, $1,000,000
$1,000,000

RY.
Maturity.

6F- A

666,000 Aug., '04,390
May 1, 1921
1.000.000
5g. M-N
Int at Cleveland Tr. Co., Cleveland,
( *i
0OOi
gold ($1,000)
c
£ trustee, or Nat. Bank of Com. in N. Y.
Bonds— See V. 75, p. 76.
Dividend -First on pref., Feb., 1904, 3 p. c; Aug., 3 p. 0.

Pref.6p.c.cum.,*666,000
i fl

t

mn^»

li^

«1 nnn nnn
$
'

'

(

c^

1901
-

eleotrio railway over private right of way from
to Marlon, passing through Franklin, Delaware and Marion
counties. Also 7 miles in the City of Delaware, a total of 57 miles.
OFFICERS— Pres., Jno. G Webb; Vice-Pres., O. M. Gottschall; Treas.,
W. A. Black; Sec, H. B. Hane; Gen. Mgr., Geo WIivshIi Otnce, Ruggery Building, Columbus, O.— V. 77, p. 1533, 2281; V. 80, p. 117.

Road— Operates an

Columbus

—

)

)

STREET RAILWAYS.

764
COLUMBUS NORTHERN

(?)

RV.

POWER* EQUrPMENTOO.

Organization— Incorporated in o..io on Octooer 24, 1904, to erect
a power house at Delaware and sub-statiOES to supply eleotrioity for
power and heat.
Maturity.
Date, Inte at. Outstanding.
STOCK & BONDS—

Stock, $300,000 ($100)
1st mortgage, $300,000
gold ($1,000)
o
OFFICERS.— President,

James

Treasurer.

8.

$300,<i0<)

Sept. 1,1924
300,000
Y.. Trustee
> Int. at Standard Trust Co., N.
John G. Webb; Secretary, W. A. Black!

Webb.

MARION RAILWAY LIGHT & POWER CO.
Organization.— Incorporated in Ohio on June 24, 1903, and is a
consolidation of the Marion Street Railway Co. and the Marion ElecLight

& Power Co.

& BONDS—
Stock, $500,t
STOCK

Date.

00 ($100)

Interest.

struction car.

Earnings— For year ending Sept. 30. 1904, gross, $53,945; net, $10,483; fixed charges, $17,763; deficit, $7,280.
OFFICERS -Prea., Chas. H. Persons; Vice-Pres Alonzo Tower; Treas.,
Henry Tower; Sec, John W. Ogden.— V. 75, p. 184, 611.

CONNEAUT, OHIO.

CONNEAUT & ERIE TRACTION CO-Trolley.
Organization.— Incorporated

Owns all

Pennsylvania 1n 1901.

In

the stock and bonds s nd leases the Conneaut
Ohio, which owns 1*99 triles of traok.

& Erie Traction

Co. of

Date.
Oulsta*d'g.
Interest
Maturity.
BONDS—
STOCK
Stock. $600,000. *50.
...
$800,000
N
May 1, 1924
Ref. Mtge., $l,i.'50. 000) 1904
329.000
5s.
($500&$l,000,g ,c&r \ Int. at Fidelitv Trust Co.. Philadelphia, Trus.
S
Sept. 1, 1922
1st Mtge., $800,000.*. > 1902
5g.
600,000
($500 & $1,0< 0) < &r S Int. at Fidelity Trust Co Philadelphia, Trus.
Bonds.—Of the $1,250 000 refunding bonds, $800,000 are ieserved to
retire prior liens, and remainder for improvements and extensions.
The new ref unding bonds are subject to call at any time at 110 and
Interest. A sink ing fund of 1 per cent per annum for 5 years becomes
operative on May 1, 1903; for following 5 years, beginning 1914, 2 per
cent, and for following 5 years, beginning 1919, 3 per cent per annum
of outstanding bonds. The 1st mortgage bonds are subject to call at
any time at 110 on three months' notice.
Ro* d -Operates 35 miles of trick from Conneaut, Ohio, to Erie, Pa
mostly on private right of way. Standard guage, 60 lb. T rails. Enters Erie over tracks of the Erie Elec. Motor Co.
OFFICERS -Pres., Robt. L. Forrest. Philadelphia; Vioe-Pres., M. M.
Freeman; 2d Vice-Pres. and Gen. Mgr.,C. E. Flynn; Sec. and Treas.,
J. P. Giieves; A«f-t. Sec. and Treas , John J. Landers. Central Station
and General Offices, Elk Station, Girard, Pa. -V. 79, p. 680.
.

..

77, p. 89.

COLUMBUS LONDON & SPRINGFIELD
RAILWAY-A trolley road.
Forms part of what has been known as the Appleyard system.
Messrs Myron H. Wilson and J. G. Sehmidlapp were on Jan. 3. 1905,
appointed receivers of this oc mnany, the Dayton Springfield & Urbana
and 1 he Central Market Street Ry. on confessed judgments. SeeV.
80, p. 117.

Organization— Incorporated in Ohio on Jan. 26, 1900, to operate
a passenger and freight line between Columbus and Springfield via
London; also empowered to supply light, heat and power along its
route. In April, it 00, was granted a 25-year franchise In Columbus
with the provision that the road was to be ready for operation in
City of Columbus by July 1, 1901, and sell 7 tickets for 25 cents for
nse in the city, good at all hours. The ordinance also provides for the
payment of 2 per cent of gross receipts from local passengers (via.,
passengers riding wholly within the city limits) during the life of the
franchise. The formal opening of the line into Columbus took place
on June 29. 1901. In April, 1903, issued $1,500,000 of preferred stock
and reduced common to $1,000,000. Guarantees the $500,000 1st
mtge. bonds of the Central Market St. Ry., principal and interest.

4

Date. Interest. Outstand'g. Maturity.
Stock
BONDS
Preferred $l,f-00,OO0'($100)
$1,500,000
Common $1,000,000 $100)
1,000,000
1st M. $1,500,000 ($1,000) < 1900 5 g. A-O
1,500,000 Oct. 1, 1920
gold c*
? Int. at N. Y.Sec. &Tr. Co.,N Y., Trustee.
Stuck and Bonds. —The preferred stock is entitled to 5 p.o. non-cumulative dividends until 19* 6; thereafter 6 p. o. Entire issue of bonds
may be called after 1906 at 110 and interest. A sinking fund of 5% of
gross earnings begins with year end'g Sept. 30, 1906. See V. 71, p. 963.
Road.— Operates 15 miles of track in cities (Columbus, Springfield,
London) and 60 miles between cities; altogether 75 miles of track.
Forms part of the througn line from Indianapolis to Columbus, a distance of 184 miles. See Da> ton & Western Traction.
Officers— President. A. E. Appleyard, Boston; Vlce-Pres't and Gen,
Manager, T. Stebbins, Colnmbus-V. 78, p. 1549; V. 80, p. 117.

COLUMBUS GROVE CITY & SOUTHWESTERN RY.-

(1)

Road— Operates 15 miles of traok between Concord, Stow, Maynard and Hudson; 7 open and 6 closed cars, 2 snow plows and 1 con-

&

Maturity.

Outstand'g.

$500,000
1st mortgage, gold ($500 &> 1903
5 g. J-J
300,000 July 1,1923
$1,000)
c* $ Int. at Ohio Trust Co.,ColumbU8,Trustee.
Bonds.— No sinking fund and bonds cannot be called.
Road— 10 miles of track in Marlon. Standard gauge. 60 & 80-lb. raiL

-V.

[Vol. lxxx.

,

5g.,MS

1904

>

(3)

tric

)

OnJ»n. 16, 1905, l. G. Sehmidlapp and Myron H. Wilson were appointed receivers. See V. 80, p. 222.
Organization— Incorporated in Ohio in 1901 and acquired the
Grove City & Green Lawn line. The Columbus London & Springfield
Ry. owns $210,000 of the $250,000 capital stock, and guarantees the
bonds, principal and interest.
Franchises in Columbus are for 25 years from July 1, 1901 from
Columbus to Grove City run until 1921, and from Grove City to Morgans owns private right of way.
Date.
Interest. Outstanding.
Maturity.
STOCK
BONDS—
;

&

Stock, $250,000

$260,000
lstmtge. $250,000 (gold)) 1901
5 g.
J-J
210,000 July 1, 1921
($l,0O0).c«fer'gu.p.&i. J.int.payableatN.Y. 8ce &Tr.Co.,N.Y.,Trus.
Bonds— Ot the authorized issue of $250,000, $40,00p is reserved for
extensions at not exceeding 75 per cent of cost. A sinking fund of 5
p. o. of annual gross earnings begins with year ending Aug. 31, 1906.
Entire issue can be called for payment after July 1,1906, at 110 and
accrued interest.
Road— Operates about 15 miles of road from Columbus to Grove
City and Morgans, connecting with Columbus London & 8pringfleld,
and does also freight and express business.— V. 78, p. 1549; V. 60, p.

M
M

,

,

CORNING, N. Y.
CORNING& PAINTED POST STREET
A
road.

RY.-

trollev

Control of this road changed hands in 1904. V. 80, p. 162.
Organization- Incorporated Deo. 11, 1894. Commenced Nov.

1,

1895.

&

Stock

BONDS—

Date.

Interest.

Outstand'g. Maturity.

$100,000
1896
5 J- J
100.000 Jan. 1, 1916
f Int at Beacon TruBt c .,Roston.
Road— Owns 5*9 miles of track, from Corning to Painted Post.
Earnings- For year ending June 30, 1904, gross, $41,833; net,
$lf,543; interest and taxes, $7,051; surplus, $11,492.
Officers— President, J A. Powers. Troy; Vice Pres., .Tas. H.Caldwell, Troy; Secretary, Thos. O'Connor. Waterford; Treas. and Gen.
Man W. fl. Mansfield, Troy.— V. SO, p,162.

8tock, $100,000; ($100)

lstmnrtjraimlnOOOOO
istmortgage $100,000...

\

,

CORTLAND,

N. Y.

CORTLAND COUNTY TRACTION.-Trolley.
Organization— Is a reorganization on June 22, 1901, of the Cortland & Homer Traction, sold at foreclosure on April 23, 1901. Owns
all the stock of Cortland & Homer Electric Co., which furnishes 150
arc lights to the cities of Homer and Cortland, and also lamps to the
publio. Carries coal and freight as well as passengers; also owns
lease of the Cortland & Homer RR
Date.
Interest.
Outstand'g.
Maturity.
Ponds—
Stock
Stock, common,$120.$120,000
000 ($100)
]

&

$200,000 5%)
non-oum. ($100).... 5

Pref.,

200,000
Apr. 1, 1921
1901
4g. A-O
180,000
1st mtge., $180,000] County Sav. Bk. &Tr.Co.,Soranton. Pa., trust.
No sinking
Interest at company's otflce.
*o I
($500), gold
fund and bonds cannot be called.
Road— Operates 10 miles of track between Cortland and Homer and
Cortland and McGrawville.
Earnings— For fiscal year ending June 30, 1904: Gross $47,393!
net. $15,780 other income, $592; total net income, $16,372; charges,
/

t

;

$8,879, surplus, $7,493.
Officers— President, Frank Battles, Phila.: Vice-Pres., Edw. H.
Brewer, Ocrtland; Sec. and Treas., Edwin Uuffey, Cortland, N. Y.— V.
72, p. 821, 1187.

COVINGTON, KY.
CINCINNATI NEWPORT & road
CO LUMBUS NEWALBANY& JOHNSTOWN LIOHT & TRACTION CO.-A trolleyCOVINOTON
TRACTION CO-A trolley road.
The North American ompany owns a large amount of the pref. and
Organization.— Incorporated

Stock

&

Com ,$400

80NDS—

Date

in

Ohio on

InUre.t.

000, $100

May 4, 1699.
Outstanding.

<

common

Maturity.

$400,000

Pref. (6% cum. , $200,200.000
000, $100...
]
1st mtge., $200,000 ) 1900
5g. J J
150,000
1920
c $ Int. at Cleveland Trust Co /Trustee.
Sold ($1,000)
on'is.— Are not subject to call. Entire issues of stock and bonds
are held by the four stockholders.
Earnings-— For calendar year 1903: Gross, $32,948; net, $13,807,
In 19"2: Gross, $26,133; net, $11,584.

Road —Owns 6-1 miles of track rom Columbus to Gahannna; has
perpetual lease of 2^ miles of tracks of the Columbus St. Ry. as ter
minal: total operated, 86 miles; gauge, 5 f t. 2 s» in.; 65-lb. T-rail.
An extension of 17 *« miles 1o New Albany and Johnstown over private
right of wav will be built in spring of 1905.
Officers.— President, Wm. D. Brlckell; Vice-President, Dan'el J.
Ryan; Sec.-Treas. and Gen. Man., L. P. Stephens. V. 80, p. 117.

stock of this company.
Organization— Incorporated under the laws of New Jersey on Mar.
11, 1902, and purchased all the stock of the Union Light, Heat &
Power Co. of Covington and of the Cincinnati Newport & Covington
Raiway. V. 74. p. 576. Tbe latter was organized in 1892 to buy up
and consolidate all the roads on the Kentucky side of the river,
opposite Cincinnati.
The Cincinnati Covington <fe Erlanger Street Railway (providing for
an extension to Erlanger, 7% miles), incorporated Sept., 1899, with
$250,000 stock (shares, $50), is controlled and is beine built out of
About 3
proceeds of sale of the pref. stock of the new company.
miles have been completed.
Maturity.
Date.
Interest. Outstanding.
BondsStock
Com., $5,000,000 ($100)
$5,000,000
.
Pref. 4 13% non-cum. ,$5,T
4 . Q . J 4,264,000 Jan. 16, 05,1^
^

&

,

000,000 ($100)
Underlying Bonds—

80.

trolley road,

miles of track.

(

omprises

In June, 1901, control passed to the Boston

&

Maine RR.,and in 1903 the New Hampshire Legislature authorized the
Concord & Montreal RR.. which is leased to the Boston
Maine, to
purchase the property and to issue stock and bonds to pay therefor.
<fe

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

ST.

trolley

Organization— Organized
cord

& Clinton Street Ry.

Stock

&

BONDS—

in

Feb.

Date.

Mass. Mar. 27, 1901.

1,

Acquired Con-

1902.

Interest.

St'ck,$175,00(>,$i00
IstMtge., $175,000;/ 1902
5g. J-J
gold, $1 ,000 o<tr I Int. at Amer. Loan
"Current liabllltieb" Sep. 30, 1904

Outstanding.

$175,000
165,000

& Tr. Co

,

Maturity

July, 1922
Boston, Trustee.

95,826

&'Cin.

1st M.

>

1882

M-S

6

W. A. Goodman
) 1892
6 g. J-J

($1,000)

CONCORD, N. H.
CONCORD central wards of RAILWAY-A
STREET Concord to Penacook.
extending from the
1271

Cov.

^

\

S

250,000 Mch., 1912
trustee.

150,000 Jan. 1, 1932
2d Consol.M., $500,000 g.
Covington Sav. Bk. & Tr. Co., Trustee.
($500— $1,000)
J
100,000 Aug. 1, 1917
Newp. &Day.St.Ry. 1st M. 1887 6 F-A
Cincinnati Newport <6 Covington
2,500.000 July 1, 1928
lsfoonsol.mort,gold,$3,-> 1892 5 g. J-J
000,000 ($1.000).. o* & r S Farmers' Loan & Trust Co. of N.Y Trustee
600.000 July 1, 1922
1896 5g. J-J
2d mortgage, $1,000,000,
gold ($1,000 each).. °i\ Farmers' Loan & Trust Co., N. Y Trustee
Union LI. Heat <£ P. Co.—
1901 4g. M-N
1.500,000 May 1,1918
,

,

1st mtge., $2,000,000, g.

($100,$500&$l,0O0)e&r
Bellevue Water F. & G.L.
Co. mortgage, $100,000
($1,000)

0*

Bank of Commerce, N. Y.; First
Nat'l Bank, Cincinnati, or at German
Nat'l Bank, Covington.

Int. at Nat.

6g. J-D
Int. at

100,000

Deo. 1,1912
Ky.

German Nat Bank, Covington,

rst consolidated bonds of 1892 of the O, N. A C. Ry.
$500,000 are deposited with the trustee to retire all the underlying
The perpetual charters of constituent companies are
inert, bonds.
kept alive, and their capital stooks are deposited with the trustee as

Bonds -Of the

STREET RAILWAYS.

Feb., 1905.J

collateral for the first oonsols. Interest on those bonds Is payable at
the Nat. B. of Commerce. N. Y.. First Nat'l Bank, Clnolnnatl, and GerPower Co. bonds
man Nat'l Bank Covingt >n The Union L't. Heat
can be called after May 1, 1906, at 110 and Interest. Of these, $500,000
purchase of other comare available for improvements, additions, or
panlt-s at par for actual cost.
Dividends —The first dividend of 1 p. c on preferred stook was paid
in Oct., 1902. On Jan. 15, 1903, 1^ p. o. was paid and April 1*q p. c;
July 15, l>s p. o ; Oct. 15, He p; o. In 1904, 4»« p. o. In 1905, Jan.,
1*9 p. e.

&

Road— Connects Cincinnati, Newport, Covington, Dayton, Bellevue,
Ludlow, Bromley and Ft. Thomas. Total in operation 60 miles laid
with 80 Johnston girder and 72-pound " T" rails.
;

Report— Year.

Surplus.

Interest.

Net.

Gross.

$286,459
270,630
OFFICERS- President, James C. Ernst; Vice-President, C. W. Wet8upt., Jas. B
more; Secretary and Treasurer, George M. Abbott
Ledyard.— V. 74, p. 326, 426, 528. 576. 936, 1307.
$253,671
252,760

$540,130
523,390

$1,293,419
1,224,352

1904
1903

;

CUMBERLAND, MD.

CUMBERLAND& WESTERNPORT ELECTRIC R.Y-— A
trolley road.

&

Salisbury Ry. Co were oontem
In Sept., 1904, the Meyeradale
Slating the purchase of this road and consolidation with that company,
bthing done, however, up to Feb., 1905.
Organization— Organized in Maryland on April 11, 1902, by special
Act of the Legislature, as successor to the Frostburg Eckbart & Cumberland Ry. Has absorbed the Lonaconing Midland & b rostbarg Ry.
Date Interest Outstanding Maturity.
STOCK
Bonds—
S»r,ock. $1,000,000. $50
$398,100^ Sept. '03 ,3%

&

nb
t
June, 1926
230,000
^rt \ 1901 5g. J-D 15
Int at Real E8tate Tr Co PMla Trustee.
$1 000)
c* J
($500 &
June, 1926
Lon. Mid. & Frost 1st M. ) 1901 5g. J-D 15
200.000
$200,000. g. ($i,000),c* \ Int. at Real Estate Tr. Co.. Phila., Trustee.
Bonis.— No sinking fund, but bonds can be called after June 15,
1910. at 105.
Dividends.- X dividend of 3 p o. was paid in Sept., 1903.
Earnings— For 12 months to Dec. 31, 1904, gross, $96,925. In
1903: Gross, $91,211; net, $43,532.
Road—Operates 20 miles of track between Cumberland and Lona
coning, 60, 75 & 92 lb. T and girder rail; standard gauge.
OFFICERS— Pres., R. H. Koch, Pottsvllle, Pa.; Sec. and Treas.,
H. Roberts Jr., Cumberland; Supt., Wm. R. Miller, Frostburg.
*'

1

^t^**<^nSJrt

-

-

<

>

'

Wm

DALLAS? TEXAS.

DALLAS ELECTRIC CORPORATION-Trolley
Serves a population of 60.000.
ORGANIZATION— Incorporated under the laws

of

New Jersey in

1902

to own the stock and bonds of the Dallas Consolidated Electric Street
Ry., the Rapid Transit Ry., the Metropolitan Eleotric St. Rv. and the
Dallas Electric Light
Power Co., constituting practically all the
street railways and nearly all the electric-lighting business of Dallas.

&

In Jan., 1905,

it

was proposed

companies under the

title of

ti consolidate the three first-named
the former. Franchises expire 1921 and

1922.

STOCK

<&

BONDS—

Date.

Com., $3,000,000 ($100)
Pref.,
$1,500,000, 5%
non-cum. ($100)

5

tr

1

Interest.

Outstanding.
$3,000,000
. o=
000
L,aov.vw

Maturity.

3,408.000 April, 1 1922
84°000 OOO ™*n- ?i nrto 1 19° 2 »?• A-O
TrU8t Co -. Boston. Trustee.
??* Ial at C
1,000) '.TT.f
.
BmSs.—A sinking fund of 1 p. c. per annum of outstanding bonds If
•arned, commencing Oct. 1, 1904, is provided after Oct. 1, 1905,
becomes a fixed charge. Bonds can be called as a whole beginning
Oct. 1, 1904. at 105 and interest. $25,0<K> of the bonds are in denomination of $100, balance being $1,000 each.
Road.— Owns and operates 53 2 miles of road in the City of Dallas

W

-

.

.

;

-

and suburbs.

Rails, 74,

77% and 90

DANBURY, CONN.
&

BETHEL STREET

Has a perpetual

pany serving the

RY-

also

extend to

Lake Kenosia.

7, 1886, under the laws of Conspecial charter, the only street car comIts lines
resort of

Danbury and town of Bethel.
the Danbury Fair Grounds and the pleasure
city of

In May, 1903, the State Legislature authorized an
Increase oi $300,000 of capital stock, to provide for extensions.
Date.
Interest.
Outstand'g.
STOCK
Last div., etc
Bonds—
8tock $623,0O0,par$25)
Seml-an.
$320,000
See text.
1st M. $200,000, gold.... 1894
5g. M-N
200,000
May 1, 1914
Interest at Am. Loan & Trust Co., Boston, trustee.
Dividends in 1896-7, 4 p. c; in 1897-8, 4 p. c; In 1898-9, 2 p. c; in
1899 1900, 1% p.c; in 1900-01, 1%% in 1901-2, 3%; In 1902-3, 3%;
In 1903-4, Ha%.
Road—Trolley road in Danbury and from Danbury to Bethel, and
to Lake Kenosia,106 miles in all; sidings, etc., 11 miles; total, 117

&

(

miles;

40

cars.

Report— For year ending June
Gross.

Net.

$86,566
81,475
78,380

1903-04
1902-03
1901-02

$18,968
20.402
21,832

30:
Int.

DANVILLE URBANA & CHAMPAIGN RY.-

Organization— Incorporated In Illinois on July 28, 1902. Owns
the Danville Paxton & Northern Ry.; the latter's $196,000 bonds are
to be paid

STOCK

off.

&

BONDS—

Date.

Interest.

Stock, $250,000

Ovitxtandino.

Maturity.

$250,000

MS

I 903
5 «•
1,450.000
Mar. 1, 1923
<R2 OOO OOO- (
«* Int - at Agency of Bank of Montreal, New York.
JnM (»l.OOO),
gold )«V nn£ gu.o i Northern Trust Co., Chicago. Trustee.
£
Bonds— No sinking fund, but are subject to call on any Interest date
upon 8 weeks' notice at 105 and Interest. The bonds are guaranteed,
principal and interest, by endorsement by the Danville St. Ry. & Light
Electric Co.
Co. and the Urbana & Champaign Ry., Gas
Road— Will operate 64 miles of track from Champaign to Danville,
Georgetown and Catlin, of which 56 miles was in operation in Oot.,
1904. In addition, 13 >« miles is operated by th^ Danville Street Ry.
Champaign Ry. Gas & Eleotric
Light Co. and 9 miles by the Urbana

Istmnrt

™

&

&

&

Co
OFFICERS— President and Gen. Mgr., W. B. McKinley, Champaign;
Secretary, T. B. Macaulay.— V. 76. p. 1143, 1300; V. 78, p. 1906, 1961.
($)

DANVILLE STREET RAILWAY & LIGHT.

in Dec, 1899, as a consolidation of
the street railway, electric light, gas and steam heating interests.
Entire stock is cwne«2 by Illinois Traction Co.
Date. Interest. Outstand'g. Maturity.
BONDS—
STOCK
Stock, $700,000 ($100)
$700,000
673,000Jan.l,'10-25
Refund. M., $700,000, gold, S 1900 5 g J-J.

Organization.— Incorporated

all

&

o*Unt. atN.W. Harris & Co., N.Y. and Ohio.
are due $6,000 annually, Jan 1, 1910, to 1924,
Inclusive, and remainder on Jan. 1, 1925; $24,000 of old prior lien 6
per cent bonds are still out and $27,000 of the new bonds are held to
take them up. Sinking fund of $6,000 per year begins Jan. 1 1910, bonds
being drawn (at par and acorued interest) in numerical order beginning with number one; mortgage trustee Is the Illinois Trust & Savings Bank, Chicago. N. W. Harris & Co. offered the bonds for sale in
Jan., 1900. See V. 70, p. 125.
COMPANY'S PROPERTY—The company owns the following: 1. Gas
works operated under special charter and a perpetual franchise. 2.
An electric-light plant is operated under a 99-year franchise, with
capacity of 25,000 incandescent and 600 arc lights, with dynamos for fur
Dishing power to street railway. 3. The entire street railway system
of the city, 13^ miles of track, nearly all laid in brick pavement
running to three parks, the fair grounds, cemetery and railway
depots and National Soldiers' Home. Equipped with 50 and 60 lb.
Johnson T rails, with 25 motor cars (General Electric) and 3 trailers.
OFFICERS— President, W. B. McKinley; Vlce-Pres., Chas. Zilly; 8ec'y
and Treas., T. B. Macaulay; Gen. Mgr., L. E. Fischer.— V. 65, p. 1114;
V. 69, p. 1193; V. 70, p. 125; V. 71, p. 602; V. 76, p. 1142, 1300.

$1000
Bonds—Tho bonds

,

(3)

URBANA & CHAMPAIGN RAILWAY GAS & ELECTRIC CO.

Organization—A consolidation in 1897 of Urbana & Champaign
Eleotric St., Cham. Elec. L. & P., Cham. & U. Gas L.
Coke and West
End Park Co. Owns perpetual gas and steam charter. The underly<fe

ing railroad charter

is

also perpetual.

Franchise in 1901 extended for

twenty years.

&

Dale. Interest. Omtsiand'g. Maturity.
STOCK
BONDS—
Stock $500,000
$500,000
1897 5g. J-D 210,000 June 1,1917
U. AC. Ry. G.&E. M.,$250,-)
000, g., s. f ., $8,000 yr. June } Int. at 111. Tr. & Sav'gs Bank, Chicago,
1.1900 and after ($1,000). o*> trus., or at Chase Nat. Bk., N.Y. City.
Consol. mortgage, $500,000 )
1899 5g.J-J $282,000 July 1.1929
($1,000 gold)
OS Int. Portland Tr.O .,P, tland,Me.,Trus.
Bonds— Of the new Issue of $500,000, sufflcleiit arereserved to re
tire first mortgage bonds. The bonds are subject to call on any Interest date at 105.
Road -Operates 9 miles of track in and between Champaign and
Urbana.

(4

)

DECATUR RAILWAY & LIGHT CO-

in Illinois in Dec, 1903, to take »ver
the property of the Decasar Traction
Elec. Co., the Decatur Gas
Cj. and the Daoatur Steam Heating Co owning all the street
Elec
railway, gas anl electric lighting business in Decatur and suburbs.
Matur'y
Date. Interest. Outstand'g.
BONDS—
STOCK
Stock, $1,300,000 ($100)
$1,300,000
Decatur Gas & Elec. Co. $ 1899
5
300,000 May 15, '29
IstM
I Int.at Merchants' L. & Tr. Co., Chic, Trus.
Decatur Gas
Eleo Co. (1899
90,000 May 1, '30
5
2d M.,$400.000( £300,000? Int. at Merchants' Loan
Trust Co.
reserved for above)
Chicago. Trustee.
(
Elec. 1st M., ( 1900
Deo. Tree. &
5 J-J
212,000 Jar 1,1920
$250,000, ($500 and $1,-2 Int. at Illinois Trust & Savings Bank,
000 each)
CMoago, Trustee.
*c.(
Decatur Ry. & Light Co. ( 1903
5g. J-D
585,000 Dec 1, '33
mortgage $1,300,000, g.,^ Int. at City Trust Co , Boston, Trustee,
and at agency in New York.
($1,000)
*c. (
Honds.—$602,000 Decatur Ry.
Lt. Co. bonds are reserved to retire equal amount of prior liens as above and $113,000 for future extensions. A sinking fund of 10 p. c of net earnings, or not lisi than
1 p. c of outstanding bonds, Is to be Invested in the bonds. These
bonds are subject to call at 105 and Int. on any interest date upon
6 iuo3, notice. Of the Deoatur Gas Electric Co. first mt<e bonds,
$<5,O00 must be redeemed on May 15, 1910, at 105 and a like amount
each year thereafter in numerical order. These bonds are subject to
call In 1909 at 105 and interest. The second mtge. bonds of the
Deoatur Gas & Electric Co. are redeemable a anytime after May 15,
1909, at 105 and interest, but there is no sinking fund on these bonds.
Road— Operates 17 miles standard gauge road la Decatur and sub-

ORGANIZATION.— Incorporated

&

&

<6

taxes.

$14,544
14,186
12,941

&

MAN
M&N

&

Organization.— Incorporated May
necticut.

1 )

,

lbs.

OFFICERS— President, Charles Sprague; Vlce-Pres., Guy E.Tripp;
Treasurer, A. Stuart Pratt; Secretary. Henry R Hayes. Stone &
Webster, Boston, Gen. Managers and Transfer Agents.- V. 75, p. 29,
135, 344, 793, 1096, 1087, 1354; V. 76, p. 1191.

DANBURY

(

765

Dividends. Iial.,sur
$4,800
def .$ 376
9,600
def 3,384
9,600
def.709

Officers— President, Samuel C. Holley, Danbury; Vlce-Pres.. S. Har
Wagner, New Haven; Seo'y and Treas., M. H. Grilling, Danbury

rison

DANVILLE,

&

&

1",

60 and 72-lb. T rails.
OFFICERS— President, W.

urbs;

Treas., T. B.

B.

Macaulay; Mgr

,

MoKinley, Champaign; SfAcr«tary and
L. E. Fischer, Decatur.— V. 78, p. 1961.

DAVENPORT, IOWA.
RAILWAY-A trolley road.

TRI-CITY

Organization— Incorporated In September, 1895. April 15, 1899,
ILL.
bought Moline Central Street Ry. of Mollne, 111.
ILLINOIS TRACTION CO.Maturity.
Date. Interest. Outstanding.
STOCK & Bonds—
Orqanization— Incorporated in Maine on May 13, 1904, and owns Stook ($1,500,000 auth.)
$1,500,000 6% In '03-04
all the capital stock of the Danville Urbana & Champaign Ry., the
Tn City 1st mtg $2,000,- 1902 5 g. M S
392,000 Sept 1,1922
Urbana & Champaign Ry. Gas & Electric Co., the Danville Street Ry.
000 ($1,000) gold
Int at Germ'nTr Co.,Davenport,Trustee.
Light
,

&

Co. and the Decatur Ry. & Light Co. For other plans of the
McKinley syndicate, see Item entitled St. couis & Springfield Ry. In
V. 78, p. 1908.

„ STOCK & BOND »—
Common, $2,400,000, $100
Pref

,

6 p.

c.

cum., $1,600,-

Date.

Interest.

Outstand'g.

Last Div

$2,268,000
,.,,„„„
1,512,000

000,$100
J
Earnings— For the 12 months ending Dec. 31. 1904, including all
^properties below, gross, $979,078; net, $442,368. In 1903, gross,

O'TiCERS-PresidenN W.
R.
L.

B. McKinley, Champaign; Vi<-e-President,
Macaulay; Secretary ant Treasurer, T. B. Maoaulay; Gen'l Mgr.,
E. Fischer; Supt, H. J. Pepper.- V. 78, p. 1962.

)
S

1891 6 g J - J 505,000 July 1, 1905, to
Dav. &R. I., IstM., gold.. o*J
(Part due yearly) July 1, 1911
$1,000,000($500 & $1,000) I Int. payable in N.Y. at ChaseNat. B'k and
in Chicago at 111. Tr. & Sav. Bk.,Trustee.
I
Bondi.—Ot the new bonds of 1902 $503,000 are reserved to retire
prior Hens.
5 per cent of the 1891 Issue Is due annually from 1901 to
1910 and the balance July 1, 1911.
Road— Owns 55 miles of trolley road and one mile of horse road,
oomprisiug all the street railways in the cities of Davenport, Iowa,
and Rock Island and Mollne, 111. combined population over 70.000.
Earnings— For year ending Sept. 30, 1901, gross. $403,884; net,
$157,717; interest and taxes, $43,810; dividends (6 per cent), $72,000;
|

—

balance, surplus, $41,907.

J

)

)

:

-

;

STREET RAILWAYS.

766

OFFICERS— President, Edward E. Cook, Davenport; Vice-President,
Denkmann; See., [Yeas, and General Manager, J. F. Lardner,

F. C. A.

Davenport, la.— V. 67,

p. 802; V. 71, p. 964.

DAYTON, OHIO.

CITY

RAILWAY CO.-A

Organization— Chartered May
Dayton Street RR„ the Dayton &
KK. and the Green tine.

a consolidation of the
BR., the Fifth Street

Is

Home

Franchises run for 50 years from Feb. 8, 1892, and April 19, 1893.
In Nov., 1903, common stock was increased from $1,500,000 o $2,400.000. of which $250,000 issued for extension and equipment;
$250,000 as a stock dividend; $400,000 unissued in treasury.
Date. Interest. Outstand'g. Maturity
STOCK
Bonds—
$2,000,000 See text.
Com. stock, $2,400,000 ($100)
do do
600,000
Pref. stock,
6 p. c.
$600,000 ($100)
65,000 Jan.1,'11
Dayton* Soldiers' Home?
1891
6 JRR. 1st mortgage
5 Interest at Chemical Nat. Bank.N. Y. City.
Dividends— In 1900, 6 p. 0. on both 00m. and pref.; In 1901, 6 p. 0.;
In 1902, 6 p. c; 1903, 6 p. c. on both stocks; also, 00 the common, a
dividend of 162 3 p. c. (*250,000 in new stock at par or in cash) was declared in Nov., 1903 (paid Jan. 1, 1904). In 1904, 6 p. c on both
common and pref. In 1905, Jan., Ha p. c. on both common and p»ef.
Road Controls and operates in all 35 miles of track, namely. Third
Street Line, Fifth Street Line, Green Line, and Dayton and Soldiers'
Home Ry.; gauge, 4 ft. 8^ in; rails, 70 and 80-lb. T and 70 and 90 lb.
girder; operating 50 G. E. double motor equipments, 80 summer
motor bodies, 50 closed motor bodies, 1 donble-truck convertible cars
1

&

—

and 22 trail cars.
Officers— President, D. B. Corwin; Vice-Pres., C. B. Clegg; Sec.
Valentine Winters; Supt. and Purch. Agent, T. E. Howell. Office, Arcade, Dayton.

Road- Operates 3 miles of track in the olty of Bellefontaine and 18
miles between the oities, over private right of way.
OFFICERS— President, A. E. Appleyaid, Boston — V. 75, p. 907; V. 76.
p. 213; V. 78, p. 1551.

KENTON & SOUTHERN RY.-Tobea

(3)

trolley road.

12. 18*3.
Soldier's

V. 77, p. 2158, 2280.

[Vol. lxxx.

trolley road.

Organization.— Incorporated in Obio on Jan. 9, 1903. Entire capital stock is owned by the Dayton Spriugtteld & Urbana Ry., which company guarantees the bonds, principal and interest. Is to do a freight
and express business as well a« passenger.
Date. Interest. OnUtwd'g.
Maturity.
STOCK & Bonds—

$600,000
Feb. 1, 1923
600,000
g. ($1,000), gu...c*&r S
Int. at N. Y. Sec. & Trust Co., N.Y., trustee.
Boids.—A. sinking fund of 5 p. c. of gross earnings becomes operative after 5 years, at which time bonds are subject to call at 110.
Road— Is to operate 27 miles of track in and between Kenton and
Bellefontaine over private right of way, laid with 70-ln. T rail, standard gauge. 2^> miles of traok in Kenton is completed and remainder
is expected to be completed In 1905.
Officers— President, A. f. Appleyard, Boston; Vice-Pres. & Manager, Theo. Stebbins, Columbus— V. 76, p. 654; V. 78. p. 1549.
Stock, $600,000 ($100)..
1st mortg., $600,000, > 1P03

5

F-A

g.

DAYTON LEBANON & CINCINNATI RR

Organization —Organized in Ohio and Is one of the Appleyard roads.
Connects Dayton and Lebanr n. Operates 35 miles of track, all
in operation except Dayt on terminal. Is t o form part of a through line
from Columbus to Cincinnati, 122 miles, entirely over private right of
way, the whole of which is steam railroadconst ruction.

STOCK AND BONDS—

6% non-cumulative,
nnn nnft
i.uuu.uuu
$1,000,000 ($100)
S
1,500,000 Sept. 1, 1921
1st mortgage, $2,000,000, ? 1901 5 g., M-S
o x \ Int. at N. Y. Sec & Tr. Co., N. Y., trustee.
($1,000) gold
Bonds— Were Issued to extend the line to Dayton and to Cinci anati and
to equip for both electricity and steam. Are subject to call in 1906 and
at any time ther> after at 110. Sinking fund is 5% of gross receipts,
beginning with year ending Sept. 30, 1907. Mortgage covers 22 acres
of terminal property in Dayton; also about 27 acres of land at Lebanon Junction Station
Officers— Pres. wnd Gen. Mgr., Theo. StebbinR, Columbus; 8ec'y,
Frank Branrion.-V. 73. p. 1312; V. 74, p. 93.
Pref.

DAYTON COVINGTON & PIQUA TRACA trolley road.

TION.—

Organization— This was formerly known

as the

Dayton

& Troy
&

T
to the above in Aug., 1901. The D.
Traction was Incorporated in Ohio In Jan., 1900, to build a street railfrom Dayton to Troy, but route was changed, and road conway
structed from Dayton to Covington and Piqua, aoout 33 miles; 70 lb.
T rails. Company acquired the right to use the tracks of the People's
Ry. in entering city of Dayton.
Outstand'g. Maturity.
Date.
Interest.
Stock and BONDS—
Stk. auth. ($100), $600,000
$600,000
Traction, but

name changed

Pf.5% n.-o. ($100) ,$550,000 ....
..
550,000
1st mortgage, $550,000, ) 1902
5g. A-0
450,000 Apr. 1,1922
0* J Int. at Old ColonyTr. Co., Boston, Trustee.
gold ($1,000)
2d mortgage, $60,0C0
See text.
6g. M-8
30,000
Bonds— $100,000 1st mtge. bonds are reserved for extensions and
Improvements; 2d mtge. bonds are subject to call on any interest date
at 105.
President, D. Dwyer; Gen'l Mgr., E 0. Spring. V. 77, p. 146.

DAYTON SPRINGFIELD &URBANA ELEC-

TRIC RAILWA Y-Atroheyroad.

one of the Appleyard roads. On Jan. 3, 1905, Myron H. Wilson
J. C. SchmldUapp were appointed receivers of this company and
of the Central Market street Ry. and tbe Columbus London & Springfield. See V. 80, p. 117, 222.
Organization— Incorporated under the laws of Ohio on Oct. 7, 1895.
Franchise permits the carriage of freight and express matter. Owns the
stock of the Springfield & Western Ry., which is operated as an extension.
In Jan., 1903, leased the Urbana Bellefontaine & Northern
Electric Ry. for 30 years, and guarantees its bonds, principal and interest. Also owns entire capital stook of the Kenton & Southern Ry.
and guarantees the bonds, principal and interest.
Is

and

Date.
Stock & BONDS—
Common, $500,000($100)
Pref.

$1,000,000

Interest.

Outstanding.
Maturity.
$500,000 Feb.l5,'03,lp.c

imnnm

5%

a„»iv(wi 1^0/
1,000,000 Aug.15, 03,lV/o
see text. <$1< 6) {
M. ($750,000), goltt, C 1898 5 g, M-N
750,000
Nov. 1, 1928
c&r ) Int. at N. Y. Sec. & Tr Co. N. Y. Trustee.
$1 ,000
Slock dt Bonds— A. supplemental mtge executed to N. Y. Secuiity &
Trust Co. in 1900 covers additional property acquired and provides
for a sinking fund, but bonds must be presented and stamped to become subject to its provslons. Sinking fund is 5 p. o. of gross earn
ings beginning with year ending Nov. 1, 1905, and bonds are subject
to call at 110 and int. after that date. See V. 71, p 390. Prefers ed
stock is 5 p. c. cumulative for two years and 6 p. c. after Jan. 1, 1£06.
Dividends- First div. of 2 p. o. paid Jan. 29,1902; also Aug. 15 2
In May, 1903, $1,000,000 of common
p. c. In 1903, Feb. 15, 1 p. 0.
stook was converted into pref. stock and lit p. c. dividend paid on
latter May 15, 1903, and on Aug. 15, Us p. c. was paid. None since.
Report— For year ending Deo. 31, 1903. gross, $S24.77P; net, $103,cum-

1st

,

.

,

270; other inc.. $9,500; int. chgs.. $37,500; bal., surplus, $75,270.
ROAD-Has 12 miles of track in Springfield, 2^a miles in Dayton and
2*n miles in Urbana; also 40 miles between the cities; total 57 miles.
All completed in March, 1901. Private right of way over most of entire line, following turnpike 90 and 95-lb. girder rails used in cities
elsewhere 70 and 75-lb. T-rails gravel ballast; 21 oars
In connection with Columbus London & Springfield furnishes hourly
through parlor service between Dayton. Springfield and Columbus,
Ohio, 72 miles.
OFFICERS— President, A. E. Appleyard; Gen'l Mgr., Theo. Stebbins,
Columbus. Office at Springfield, O.— V. 78, p. 1549; V. 80, p. 117. 222
SPRINGFIELD & WESTERN RY.—A trolley road Incorporated
(1 )
In Ohio.
Date.
Interest. Outstand'g.
Stock
BondsMaturity.
Stock, $250,000 ($100)
$250,000
1901
5g. J-D
155,000 June 1,1921
1st mtge., $250,000 S
Int. payable at N. Y. Sec.
Tr. Co., N. Y., trustee.
($1,000), g., s.f.c&r}
Guar. p. & i. bv Dayt. Springf & Urbana by end
Boncte-$95,000 of the bonds are reserved for extensions, at
at the rate of 75 p. c. of actual cost. Sinking fund is 5 p. 0. of gross
earnings (beginning with year ending Aug. si. lvoti), to Aug. 1. 1919
After June 1, 1 906, bonds can be called at 110 and int. on any int. date
Ste V. 73, p 288.
ROAD—Owns and operates 18 miles of road on private right of way
from Medway (where connection is made with the D. S. & U. Elect.
Ry.) to Troy. Owns 260 acres of land, which is used as a pleasure
park.- V. 73, p. 288; V. 78, p. 1550.

-.

DAYTON & MUNCIE TRACTION COO RG AN IZATION— Incorporated in Ohio and Indiana in
Stock

&

BONDS—

&

(2)

URBANA BELLEFONTAINE & NORTH. RY.-A trolley road.

Organization— This company ie leased to the Dayton Springfield &
Urbana Electric Ry, whiek company guarantees the ooncis, both principal and Interest, and owns praotically all the stock.
Date. Interest. Outstanding. Maturity.
STOCK & Bonds—
Stook, $500,000, $100
$500,000

1st mort. $500,000, guar. ) 1 902
5 g. F A
500,000
1922
{Int. atN. Y. Sec.
($1,000) gold
Tr. Co., N. Y., Trustee.
Bonds— A sinking fund of 5 per cent of gross earnings commence?
after 5 yean. Bonds are subjeot to call in 1907 at 110.

&

Outstand'g.

Interest.

1902.
Maturity.

&

Mnnoie, Ind.; s'andard-gauge; laid with TO lb. T rail, 40 miles, to
Selma, now in operation.
Officers— President, J E. Lowes; Vice-Pres A. Newsalt; Secretary,
J. E. Feight; Treasurer, W. B. Gebhait.
,

DAYTON & NORTHERN TRACTION CO.-A

trolley road.

Organization— Incorporated in Ohio in 1900, to transport passengers, freight, baggage, mail and express matter, and to supply electricity for light, heat and power. In Jan., 1905, Issued $100,000 preferred stook to provide for floating debt.

STOCK & Bonds—
Common, $450,000

Date.

Outstanding.

Interest.

Maturity.

$450,000
Pref., *100,000, 5% cum
100,000
450,000 Maroh 1, 1925
1st mtge $450,000 gold 5 1901 5 g, M-S,
Int. at Central Trust Co. N. Y, Trustee.
o*(
($1,000)
Bonds— Are subject to call at 105 and Int. on and after Mar. 1, 1906.
ROAD—Operates 39*2 miles of track, from Dayton to Greenville.
Mostly private right of way, remainder 25-year franchises Standard
gauge; 70-lb. Trails. Extension from Greenville to Versailles is
proposed.
President, J. E. Lowes; Vice-Pres., E. Bimm; Sec. and
W. B. Gebhart— V. 75, p. 76.

OFFICERS

Supt., J. E. Feight; Treas.,

DAYTON & TROY ELECTRIC RY.-A trolley road.
ORGANIZATION.—Incorporated in 1900. Is built entirely on private
Rails 701b. T.
Completed in December, 1901.
right of way.
Powerhouse located at Tippecanoe City, Ohio. Stock, $500,000 ($100)
common, and $500,000 ($1C0) preferred; cumulative 5 per cent. No
bonds contemplated. In May, 1902, took over the Miami Valley Ry.
under a 99-year lease at a rental of $9,600 per annum, which is applicable to the stock of $300,000, mortgage having been canceled.

—On the

Dividends

preferred stock 5 p.

o.

per

annum is

being paid;

on common Jan. 1, 1904, 1 p. 0. In 1905, Jan., 3 p. c.
Road— Owns and operates 30 miles of track (10 miles double, 10
miles single) between Dayton and Troy. Leases the Miami Valley Ry.,
extending from Troy to Piqua and comprising 17 ^ miles of track.
Total track, 47 Hi miles.
OFFICERS-— President, Valentine Winters; Vice-Pres. and Gen. Man.;
H. P. Clegg; Secretary, Chas. B. Clegg; Treasurer, J. H. Winters.
General office, Dayton, Ohio.— V. 76, p. 653, 751, 1029.

DAYTON & WESTERN TRACTION-Trolleyroad.

&

.

Date.

Stock. $800,000, $100
$800.000
800,000.... July 1, 1928
1st Mtge $800,000, t 1903
5 g. J.-J.
Tr. Co., Cinn., Trustee.
gold ($1,000)... c* S Int. at Union Sav. Bk.
Hnnds— A sinking fund of a certain amount per annum commenoes
after 5 years. Bonds are subjeot to call after that time at 105.
Road— Is to operate 46 miles of traok from Greenville, Ohio, to

;

:

Maturity.

Date. Interest. Outstanding.
ci inn nnn
»i,ow,uuu

8tock, common, $1,600,000)
$
($100)

On Jan.
to

16, 1904, stook was increased from $800,000 to $1,300,000,
off indebtedness incurred in extending line to Richmond, Ind.,
stook was sold to shareholders at par.
V. 78, p. 342.

pay

etc.

New

Stock

&

Bonds—

Date.

Stock, $450,000 (par $100).

Do

pref.,

cent,

$850,000, 5 per

cum. ($100)

Dividends.

Interest.
.

A.-O.
Q.-J.

Last Div.
Outstand'g
$450,000 Jan., '04,2%
Oct. 1904.
850,000 [

j

Quarterly dividends of 1% per cent are paidonpreon common Jan. 1904, 2 per cent; ncne since

First dividend
ferred.
to Feb., 1905.

ROAD— Dayton, Ohio, to Richmond, Ind., 40 miles, with branoh fn>m
New Westville to New Paris, 2>* miles; total, 42 >« miles. At Rich-

&

Interurban Ry.), thus
St.
line from Indian apolis, via Dayton, to Columbus, a
distance of 184 miles. V. 77, p. 298.
OPFICERS— Pres. and Gen. Mgr.. V.Winters; Vice-Pres., Chas. B. Clegg;
Sec, J. H. Winters; Supt, Geo. W. Bothan.— V. 78, p. 286, 342.

mond connection is made with Richmond
making a through

DAYTON & XENIA TRANSIT CO.-Trolley. Daythe
consolidation

Organization— Incorporated
ton

of

in 1901, as a

& Xenia Traction and the Rapid Transit Co. of

Ohio.

The Dayton

Feb., 1905.

STREET RAILWAYS.

j

AXenia Traction had

in

1899 purchased the Dayton Spring Valley

&

Wilmington Transit Co.

STOCK

&

BONDS—

Outstand'g.

Interest.

Date.

Maturity.

$800,000
April 1, 1921
800,000
5 g. A-O
) 1901
Colony Trust Co., Boston, Trustee.
S Interest at Old
Bonds-The old issues of 1899 and 1900 of $300,000 each were retired by the new mortgage.
Earnings -The gross earn'ngs for the 9 months ending Dec. 31,
1903, were $87. 753. against $78,903 In 1902.
Ioad— Owns and operates 51 miles of road from Dayton to Xenia.
and from Dayton to Spring Valley, of which about 20 miles Is over
private right of way. Extensions contemplated.
OFFICERS— President, Clement J. Ferneding; Vice-Pres., H. r,. Fernediug. Treas., Edward Canby: Sec, O. O. Ozlas. Office, Dayton, Ohio.
Stock »800 000
1st mort.. $800,000.
c*
gold ($1 000)

-V.

73, p. 82;

.

V. 74, p. 205; V. 78, p. 820.

PEOPLE'S STREET RAILWAY.-Owned by the
American Bys. C>.—See statement of the latter under Philadelphia.

DENISON, TEXAS.

DENISON & SHERMAN RY.-A trolley road.
Organization— Incorporated in Texas on August 27, 1900. OomFranchises, 50 years in cities.
meneed operations May 1, 1901
Private rl^ht of way between cities.

Stock & Bonds—

Date.

Outstanding.

Interest.

Maturity.

$200,000
July 1, 1927
250,000
Imnoi8 Tr & Sav Bank. Chic & W. H Henile,
c*
($1,000)
trustee Interest at N. W Harris & Co.
(
July 1, 1912
190U
6
Q.-J.
$50,000
2d mortgage, $50,000 Interest at Illinois Trust & Savings Bank,
($1,000)
Chicago, and W. H. Henkle, trustees.
Bonds— In erest payable in New York and Chicago. First mortgage
bonds are subject to rail on July 1, 1917, or after, at 105 and interest.
A hi ki g fund begins July 1, 1905, of 2 p. c. per annumof bonds outstanding until 1913, when amount payable is 3 p. c. per annum until
1917; from 1918 to 1922, inclusive, 4 p. o. per annum; 1923 t > 19it>,
inclusive, 5 p. c. per annum.
Road— Operates 16 miles of track (8^ miles between Denison and
Sherman and 8 miles in the cities). 6o-lb and 70 lb. T rails. Also
owns 45-acre park (situated midway between 'he two cities) which has
usual pavilions, base ball ground and race track.
Earnings—Twelve months ending April 30, 1904. gros3, $89,449;
Stock, $200,000, $100.
-I.*

™„w

,

-

*s=nnnn( 1902
$3.0,000 )

J -~J

5

-

.

,

,

„

;

.

net, $31,464.

OFFICERS— President and Treasurer, J. P. Crerar; Vice-President
John Crerar; secretary, H. H. Barde; Supt., H. T. Morri on. Principal
office, Denison, Texas.— V. 76, p. 1192.

DENVER, COL.

DENVER CITY TRAMWAY COMPANY-

Eleotrio.

In May, 1902, the

Denver

& Northwestern

By. obtained control, ex-

Denver ity Tramway stock. See V. 74,
p. 1038, and that company's statement below.
Organization.— Consolidation in Maroh, 1899, per plan in V. 67, p.
1262, of the Denver City BR. and the West End Street BR. (both sold
under foreclosure on Deo. 15, 1898), with the Denver Consolidated
Tramway. V. 6*, p. 281, 473. Also owns and operates the former
Colfax Ave. Electric which was sold at foreclosure in February, 1899.
In July, 1899, the Denver Board of Supervisors repealed the socalled blanket and perpetual franchise of 1885, as to unoccupied
streets; the question as to the power of repeal is pending in the courts.
On Maroh 21, 1900, the right for 20 years to operate the oable lines
by eleotriclty was granted bv the city, and on April 1, the change of
power was made— V. b8, p. 1023; V. 69, p 228.
Interest.
Outstand'g.
Maturity.
Stock and Bonds— Date.
Stock $5,000,000 ($100) ....
$5,000,000 Mayl5'02,l%
Denver Tramway 1st, g.1888
6 g. J.-J.
498,000 July 1, 1908
Consol. M., gold.. 0*&r. 1890
6 g. J.-J.
1,219,000 Jan. 1,1910
Met. St. BR. 1st, gold... 1891
6 g. J.-J.
953,000 Jan. 1,1911
Denver Con. Tramway ) 1893
5 g. A.-O. a 1,167,000 Oct. 1,1933
changing

its

securities for

Con.M.,$4,000,000, g

S

'

Interest at Mercantile Trust Co., N. Y., trustee.

1899

^I^OOoToomooM Int
and $500)

.'.

.c* I

-

5g.A.-0.

2,000,000

at Central Trust Co.,

Apr. 1.1919

New York; Trustee.

a No more bonds can be issued under this mortgage.
The new mortgage Is a first lien on the Denver City and West End
properties and alien on the Denver Consolidated Tramway junior
to its existing mortgages, to remain outstanding and be assumed.
Abstract of Denver Consolidated Tramway consol. M. of 1893, V. 52,
p. 354.
Road— Owns about 160 miles of electric track.
DIVIDENDS-— First quarterly dividend of 1% was paid May 15, 1901;
also Aug. 15, 1%; Nov. IS, 1%; in 1902,2%. None sinc6.

Earnings— For calendar year ending
Grots.

Dec. 31

Charges.

Net.

Surplus.

1901
$1,507,293
$6*8.965
$383,180
$305,785
In a oircnlar Issued by Mi cdonald, M.-.Coy & Co. in Jan.. 1905, it
was reported that surp. for 1904 above charges had > een $508,290.
OFFICERS— President, Win. G. Evans; Vice-President and General
Manager, John A. Heeler; Secretary and Treas., Thos. Keely, Auditor.
J. B. Hogarth .— V. 76, p. 1300; V. 77, p. 8«.

(1)

DENVER TRAMWAY POWER CO

Organization.—This com; any

767

10 miles to Oolden City, which latter was completed in spring of
1904 In May, 1902, obtained control of the Denver Tramway Co.,
through exchange of its securities for the stock of the same. See terms
in V. 74, p. 1038. Practically the whole issue of Tramway stock has
been exchanged and is deposited as collateral under the new mortgage.
line of

&

Stock

Bonds—

Date.

Outstanding.
Maturity.
$6,000,000
1902 5 g. M-N
6,000,000
May 1, 1932
Int. at Mercantile Trust Co., N.Y., trustee;
also office of company in Denver.

Stock, $6,000,000 ($100)
coll. mort., g., *6,1st

&

000,000 ($500 and

$1-,

C

000

Interest.

Bonds. Can be called on any interest day at 105 and interest upon
90 davs notice.
Pies., S.

M. Perry;

Sec.

and Treas., Thos. Keely.— V. 74,

p. 1037.

DES MOINES, IOWA.

DES MOINES CITY RAILWAY-A trolley road.

Organization — A consolidation in 1893 of theDesMoin»s Street
RR. and the Des Moines Suburban Ry. Co. Is authorized to carry
freight. Franchise considered perpetual. Guarantees the Interurban
Railway Co. bonds— principal and interest. See below.

&

BONDS— Miles. Date. Interest. Outstand'g.
STOCK
Stock, oom., $3,000,-)
$1055 000
Sfrl.UDO.UUU
000 ($100)
$
~ n nnn
Pf. stock, 6 p. c.cum.
^do.uuu
$250,(00

n

Maturity.

S

Mr, St RR latM
tfold ll OOOeach
gold, *i,ouoeacn...

<

)
£

6g.A-0
425,000 Oct.l,1905,to
($25,000 due yearly) Oct. 1, 1919
American Tr & Sav B'k Chicago, Trustee.
23

1889

.

.

Jan., 1906
$262,000
Mnin«s Sub Rvf 12 189 ° 6g.J-J
($20,000 due yearly) to Jan., 1921
1st mortea-e Void
S «* \ Interest at Chemical National Bank, N.Y. City.
*?
eacn
*i,uuu *»»£
c ^ Tru8 e,
te
Iowa Loan & Trust, Des Moines.
1901 5? A "°
1,928,000 Apr. 30, 1921
r>
Mo ntvRv ref f

r»««

\™

'

&

&

Co., N. Y. City; also
ndkncfr]'} Infest at N. W. Harris
J^Z'a.
Chicago. Trustees, Illinois Trust & Savings
1*1
/*?'onn*
i$i,ouu)
o
g.
Bank and Wm. H. Henkle of Chicago.
[
Bonds— Of the new mtge. bonds of 1901, $882,000 were originally
reserved to retire the underlying sixes then outstanding. Of the
$1,928,000 5s reported outstanding, $5,000 have been deposited with
Illinois Trust & Savings Bank to be held in lieu of $4,000 Des Moines
Bonds can be called on any interest
City Railway 6s still out.
date after April 1, 1906, at 106 and Interest. Sinking Fund becomes
$10,000 yearly on April 1 from 1906 to 1910,
operative as follows
$15,000 from 1911 to 1915, and $25,000 from 1916 to 1920. The remaining bonds may only be issued to pay for 80% of cost of extensions,
providing net earnings are 50% in excess of interest charges upon all
bonds outstanding, including those to be issued.
Road.—Operates 75 miles of track on 38 miles of street. Standard gauge. 45, 60 and 80 lbs. T and girder rails. 104 cai-s. Interurban extensions, aggregating 100 miles and to be operated as passener and freight lines, proposed.
Gross.
Oper.exp.
Net.
Tears ending Dee. 31.

m

;

$203,924
$332,042
310,076
173,074
274,514
123,325
Officers— Pres., J. 8. Polk; Vioe-Pres., G. M. Hippee; Sec, A. G.
Maish; Treas. *nd Gen. Man., Geo. B. Hipt»ee; Sup't, A. G. Maish. -V.
1903
1902
1901.

$535,966
483,150
397,839

76, p. 265, 330; V. 77, p. 769; V. 79, p. 1266.

INTERURBAN

RY.-A trolley road,

Organization— Incorporated in Iowa to eonstruot an extensive system of interurban roads connecting with Des Moines. Is operated by
the DesjMoines City Ry. under an operatin^Japreemenr, in consideration
of which the Des Moines Co. guarantees the bonds, principal and int.
Date.
Interest. Outstanding.
Maturity.
STOCK
BONDS
$508,700"
Stock, $550,000 ($100)
1st Mtge., $3,000,000,1
1901
5 g. A-O
Apr. 1,1921
475,000
s.f gold(*l,0<iO),gu.
Anier Trust & Savings Bk., Chicago, Trustee.
p. & i. by Des Moines [Interest at N. W. Harris
Co., New York and
CltyRy
Chicago.
c*
Bonds— Other bonds may be issued for acquisitions and extensions
at not over 80 p. o. of cost, and at not over $16,000 per mile lor new
road, Out only when net earnings equal l l 9 times all interest oharfen
on bonds outstanding and those to be issued. Bond* are subject to
oall on or after April 1, 190t> at 105 and interest, when a sinning fund
of 5 per cent of balance of annual net earnings after payment of all
charges becomes operative, and bonds t-o purchased are to be kept
alive for purpose of the fund
Earn>N -s.-For year ending Feb. 29, 1904: Gross, $130,244; net,
$61,657; interest, $23,750; surplus, $37,907.
ROAD— Connects Des Moines and Colfax, 24 miles. Also operates
10 miles in and around Des Moines; total, 34 miles. Standard gauge.
60 and 70 lb. T rail. Cars enter Des Moines of Des Moines City Ry.
OFFICERS— President, H. H. Polk; Vice-President, A. W. Harris; Secretary, W. I. HasMt; Treasurer, Geo. B. Hippee.— V. 74, p. 630.

&

.

,

<Sr.

)

DETROIT, MICH.
^DETROIT UNITED RAILWAY.-fA«e
768). Trolley.

Map

page

Organization- Incorporated in Mich. Dec. 31, 1900, and took over
franchises and properties of the Detroit Citizens' Street Railway, the
Detroit Eleotrio Bail way, the Detroit Fort Wayne & Belle Isle and the
Detroit Suburban. V. 72, p. 44, 183. Embraces all the street railway
lines in Detroit. Detroit United Bailway stock has been listed on the
New York Stock Exchange; also Detroit Citizens' Ry. consol. 5s.
Later absorbed by purchase the Detroit <te Northwestern Ry., which
is known as the Orchard Lake division, the Detroit
Pontiac By.
known as the Pontiao division, the Wyandotte & Detroit Biver By.
known as the Wyandotte division, and the Detroit ife Flint, formerly
the Detroit Bochester Borneo & Lake Orion Railway, and known as
the Flint Division. Owns entire capital stock ($2,000,000) of the
Detroit <fe Port Huron Shore Line.
In Aug 1901, purchased 2,970 shares (all) of the stock of the Sandwich Windsor <fe Amherstburg Hy.; 180 shares (all) of the stock of the
City Electric Ry. and the People's Electric Light plant of Windsor, Ont
The United States Supreme Court on March 3, 1902, deolded that the
ordinance of 1889 compellina the citizens' Street Ry. to sell 8 tickets
for a quarter was invalid. (See V. 74, p. 5^8.)
Maturity.
Date.
Interest.
Outstand'g.
STOCK
BONDS—
at
$ 1 2 500 000

&

leased for 20 years to the Denver
Tramway C< .. T'.-e latter guaranteeing the bonds, both principal and
interest, guaranty being endorsed on the bonds. Entire stock is o". ned
by Denver City Tramway.
Date.
Stock
Bo*JDSInterest.
Outstanding.
Maturity.
Stock, *5O0,000 ($100)
...
$500,000
1st
Mtge.,
$400,000, < 1801
5 J.-J.
240,000 July, 1, 1921
guar.. $1 ,000, gold.... \ I ternational Trust Co., Denver, trustee.
1st impt.M.,:*i, 500,000) 1903
S g. A.-O.
*93v;,000 Apr. 1,1923
g. ($1,000), an. p. & i
) International Trust Co., Denver, trustee.
Bonds.— Of the $1,500,000 1st impt. mtge. authorized, $240,000 are
reserved to retire the 1st mortgage on July 1, 1906, unless sooner redeemed, and $X28,000 fir future improvements at cost. Are subject
to call on any interest date after 5 years at 105 and interest.
\
mg fund of .fr>0,000 per annum commences Apr. ), 1908, whichmnkwill
be used tor redemption of the bonds. This also is guaranteed by Denver City Tramway. Interest is payable in New York and Denver. 1st
mtge. bonds are subject to redemption after July 1, 1906, at 105. See
is

&

.

Plant. Furnishes all power for the Denver Tramway Co. Capacity
of plant, 7,000 k. w., with an over-load of 10,500 k. w.
Officers.- President, Wm. G. Evans; Sec.
Treas.. Thos. Keely.
—V. 76, p. 1300; V. 77, p. 88.

&

^DENVER & NORTHWESTERN RY.-An

electric

Organization. -Incorporated in June, 1901. Operates an eleotrio railway of 12 miles from Denver northwest to the coal fields; also

,

&

Q" F
$12,500,000 1% Feb., 1905
1902
Jan. 1, 1932
J-J
9,860,000
4*ug.
000,000, gold ($1.- S Guaranty Trust Co., N. Y., Trustee.
000)
o*) Int. atKean, Van Cortla.ndt <fcCo.,New York.
Bonds-Ot the $25,000,000 authorized, $15,*so,000 were reserved to
retire underlying liens (of which $(5,860,000 have been issued), and the
'

$106

. .

'

'^

lstoonsol. M-.$25,-)

balance, $6,120,000, for acquiring new properties at the rate of 75% of
and are only available on a two-thirds vote of the stockholders.
Entire issue, or any part thereof, is subject to oall at any time at 105
and interest on 60 days' notice. See V. 73, p. 1111.
DETROIT CITIZENS.
Guaranteed under terras of lease :—
Jan. 1,1908
Det. Suburban Ry„)1893
*140,000
5 J-J
1st mort., $275,000, > Trustee, Union Trust Co., Detroit.
($1,000) g
o" > Unissued bonds have been oanoeled.
cost,

,

STREET RAILWAYS.

768

Vol. lxxx.

MAP OF THE

\
f>

DETROIT UNITED RAILWAY SYSTEM

-.

£
o

A

INCLUDING

Appl

£

DETROIT & PORT HURON SHORE LINE RY.
tf

(RAPID RAILWAY SYSTEM)
,Crc

SANDWICH, WINDSOR & AMHERSTBURG RY.^
Am::

/

s Blaine

V

Brown Cv.

VVassar

\
\
Kings

Mills^

o

Goodland

<>

\

%*

Stanlej^S-^ Imlay City

\

RO^
Attica

e \

U
S a"
£SsK«*.

so

>V

«tf

Metamorab

•£»

ZF

.

i

Ov

Otterburn
/"

/

,P

^p

Grand Blanc

Swam Creek

^
\

grand

Linden

Gaines

\

%„:>.
%

7e

'"'V

L

4
r>r "a,

Washington

iMT.clEMENS

^^^SZ/ on y Creek
\7%P

ft

o*

A

cd

IOCHESTER

Hamlin*s% \
W.Utica^, v

^^

Ingleside 9

a e Club
fl^ P'

L

\

noXj^J^^^ °«4\%>?/ Tro\\ \ >
NA
Davisburg

>»r>

\

n.

% &

Wk

Sylvan Lake!

uBi&BeaveY
iCla'

/, <b %£.
\

\

W31yde

\

.

.efferson Beach
L.Anse Creuse

$>

Drayton Plains

\
Rose Cen.^

''

\

Bryon

^

J<^

A
rt

Jf

s

,

A\S

,

0\
O\

\

^•^

0,(X

„ V
Cole b
Eames\

/Duffield

b^J/Durand

^gg—cg^

\

q\\J.

//Crapo Farm

\

«
^.^^r-iwsa*>\

\

Le^riardj>

1

FLINT

Of

Road

P5

^i'yW"

.&

1,

?r

#eiv
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O

Feb.,

STREET RAILWAYS.

190,-).
j

RAPID RAILWAY.

Bonds-TXxe $6,585,000 Detroit Citizens' 5a, due July 1, 1905, are
being taken up through exohange for Det. Un. Ry. 4^8, as per plan In
V. 79, p. 2587.

w

BONDS—

(2)

$1,772,998 00
38,863 00

$1,821,490 00

$1,811,861 00

$1,075,786 00
500,000 00

$1,000,00100
500,000 00

$1,575,786 00

all

sources

on funded and floating debt
Dividends
Int.

$1,500,001 00

Surplus income
$245,704 00
$311,860 00
The combined system carried 88,434,831 revenue passengers in
1904, against 85,237,607 in lS03,and 24,207,211 transfer passengers,
against 22,930,194.
Dividends—First dividend of 1 per cent on Detroit United stock was
paid March 1, 1901, and 1 per cent quarterly since then. Dividend
period changed in 1904. See V. 78, p. 1222.
Road.— On Jan. 1, 1905, operated 385-96 miles, as follows: Detroit
United, 193- 21miles; Wyandotte & Detroit River Rv., 11*62; Detroit &
Northwestern, 59-04; Detroit A Pontiao, 36-62; Detroit & Flint, 85-57;
total, 385-96. This is independent of the Detroit & Port Huron Short,
Line, which is separately operated, and comprises 12536 miles, and of
the Sandwich Windsor & Atnherstburg Ry., 25-07 miles, making altogether 536-30 miles owned and controlled. Rails, 77, 85 and 98-lb.
steel. Does an express service.
OFFICERS— Chairman of Board, H. A. Everett. Cleveland; President
and General Manager, J. C. Hutohins, Detroit; Vice-President, Arthur
Pack, Detroit; Treasurer, George H. Russel, Detroit; Secretary,
Edwin Henderson, N. Y.; Assistant Secretary, A. E. Peters, Detroit.
General offices, 12 Woodward Avenue, Detroit.— V. 78, p. 284, 1222,
2011; V. 79, p. 2455, 2587, 2696; V. 80, p. 650, 708.

(1) DETROIT & PORT HURON SHORE LINE RY.— A trolley road.
Entire outstanding capital stock is now owned by the Det. United Ry.
Organization.— Incorporated in May, 1900. Is a consolidation of
the Rapid Railway Co., the Det. Mt. Clemens & Marine City Ry. (the
purchaser of the properties of the Mt. Clemens & Lakeside Traction
Co. and the Detroit & River St. Clair Ry.), the Port Huron St. Clair &
Marine City Ry., the Connors Creek & Clinton River Plank Road
Co. and the City Eleotrio Ry. of Port Huron. The new company
owns the capital stock of each road. The consolidated company
operates all the tracks in Mt. Clemens and Port Huron, and the
through route from Detroit to Port Huron running through Mt.
Clemens, New Baltimore, Algonao, Marine City and St. Clair. Also
owns the capital stook of the Detioit & Lake St. Clair Ry
Date.
Stock and Bonds—
Interest. Outstand'q. Maturity.
Stock, $2,500,000 ($100)
$2,000,000
5
J •* }** 2 £?° J»n.l,1950
1st M., $2,500,000 ($1,000) $ TT „19(K>
, £
1 1011 ^/" 84 00 -. Detroit, Trustee.
cannot be caUed.g.c'&rjU !
C Int. at American Exoh. Nat. Bank, N. Y.
Bond*.— Of the new 1st mortgage, $783,000 is set aside to retire
underlying liens (namely the bonds of the Rapid Railway and of the
City Eleotrio Ry. and the Port Huron St. Clair & Marine City Ry.);
and $125,000 is reserved for extensions and acquirements.
.

Moh.

$3,000

1,

1920

SANDWICH WINDSOR & AMHERSTBURG

RY— Trolley.

. .

DETROIT
LINE RY-

MONROE

& TOLEDO SHORT

Organization.— Incorporated in Michigan on December

STOCK

&

BONDS—

Outstand'g.

Date. Interest.

11, 1902.
Maturity.

Stook, $3,000,000
$2,000,000
1st mortgage, $3,000,000, ) 1903
5g.
2,000,000 Jan. 1, 1933
gold ($1,000)
o*5 Union Trust Co., Detroit, Trustee.
Bonds.— $1,000,000 are reserved for double-traoking and additional
equipment. Interest is payable in New York. No sinking fund and
bonds are not subject to call.
Road- — ODerates 50 miles of road from Toledo to Detroit and 4
miles of road from Monroe to Lake Erie, completed Nov 5, 1904. At
Toledo connectiou is made with the Lake Shore Eleotrio Ry. for Cleve
land. Is of steam road construction, on private right of way; standard gauge, laid with 70-lb. T-rails. Total track, 65-45 miles. It is
proposed to double-track the road some time iu the future.

t

j

lnoomefrom

Maturity.

tstand'g.

-

DETROIT UNITED RAILWAY, RAPID RAILWAY SYSTEM AND SANDWICH
WINDSOR & AMHERSTBURG RAILWAY COMBINED.

$1,778,713 00
42,777 00

Ou

5 M-S

&

FA

..

1900

$300,000)

MARINE CITY RAILWAY.

<fc

Interest.

Date. Interest. Outstand'g.
Maturity, Oiv'd
Bonds—
STOCK
Stock, $350,000, $100
$297,000
July j/,'02, 2i«%
297,000
Consol M., $600,000 > 1902 4^ g. J-D
Deo. 1, 1922
gold ($1,000) .o* s National Trust Co., Ltd., Toronto, Trustee.
Bonds— Interest is payable at the company's office. The new 4 l2S
are subjeot to call after Deo. 1, 1912, at 105.
Earnings—Now included in report of Detroit United Ry.
Road— Operates 25073 miles of track in and between Windsor, Walkerville, Sandwich and Amherstburg, inoludlng City Ry. of Windsoi
(2-52 miles), operated under lease.
Officers President, H.A.Everett, Cleveland; Vice- Pres. and Treas.»
J. C. Hutchins, Detroit; Sec, A. E. Peters, Detroit. -V. 75, p. 1303,1400.

I

Net earnings from operation
Income from other sources

CLAIR

Organization— Incorporated under special charter from Province
of Ontario. Entire oapital stock is owned by the Detroit United.

Maturity.
Date. Interest. Outstanding.
D. R. R. A L. O. Ry. 1st mtg., 1 1900 5g. J-D $1,100,000 June 1, 1920
S. F. gold ($1,000) $1,500,- Int at Ameiioan Trust & Savings Bank,
000; unissued bonds have f Chicago, Trustee; also Guaranty Trust
0* j
Co., New York.
been canceled
$1,400,000 Aug. 1, 1921
Det. & Flint 1st consol. M., ) 1901 5g.
g., $3,000,000 ($1,000). .0* S Int. at City Tr. Co., New York, Trustee.
Bonds.— Of the consolidated mortgage $1,100,000 are reserved to
retire bonds of like amount of the D. R. R. & Lake O Ry. and $500,000
have been canceled. Consolidated bonds are subject to call at 1 00 and
Both issues are
interest after August 1, 1911, on 60 days' notice.
guaranteed by the Detroit United Railway; see lorm of guaranty in
V. 76, p. 1300; as "additional collateral security" on the Flint bonds,
1st consol. 4*a p. 0. bonds of the Detroit United are deposited, $ for
$, with the Guaranty Trust Co. of New York, and would be available
in the event of default on the Detroit & Flint bonds.
Report.— Annual report for the year ending Deoember31, 1904,
was published in V. SO, p. 708.

1903.
$4,386.975 00
2,613,977 00

ST.

($500 & $1,000)
s Union Trust Co., Detroit, trustee.
The remaining $297,000 bonds have been canceled.
ROAD—Total Det. & Port Huron system, 125*36 miles.
Earnings— Now included in report of Detroit United Ry.
OFFICERS— President, J. C. Hutchins; Vice-President, F. W. Brooks;
Secretary, A. E. Peters; Treasurer, Geo. H. Russel.— V. 77, p. 134.

p. 494.

1904.
$4,541,805 00
2,763,092 00

Interest.

Date.

t mort., g.,

1898

Gross earnings
Oper. expenses, including taxes

Maturity.

1900

PORT HURON

5g.J-D
$425,000 Deo. 1, 1918
5 Int. at Union Trust5Co., Detroit, Trustee.
DETROIT A FLINT RAILWAY.
Organization— The Detroit Rochester Romeo & Lake Orion Railway
purchased the property of the Detroit Lake Orion & Flint Railway.
The Detroit & Flint Railway was organized to acquire the Detroit
Roohester Romeo & Lake Orion, together with the North Detroit
Electric Railway and the Detroit Utioa & Romeo Railway. The consolidated mortgage is a first lien on these last two properties.
)

Dale.

)

BONDS

'

lstconsol.M., $425,000,
0*
$1,000, gold

Outstand'g.

Interest.

Outstand'g.
Maturity.
April 1, 1920
5 g. A.-O.
$290,000
5 Interest at Union Trust Co., Detroit, Trustee.
Bonds.—The bonds are guaranteed, principal and interest, by the
Detroit & Port Huron Shore Line Ry., the Rapid Railway Co. and the
Detroit Mt. Clemens & Marine City Ry. They are not subject to call.

DETROIT & PONTIAC RY.
5g.F-A
$500,000 Feb. 1, 1922
<,=«« r>™ C 1897
,
500 00
lB
S&8
2i\ Washington Trust Co., N. Y., Trustee.
}-!Tnn sold
$1,000,
£
Int at gtate savings Bank Detroit.
4*2g. J-D
$600,000 June 1,1926
1st Con. M., g., ($1,000) ) 1901
C*&r 5 Int. at Washington Trust Co., N. Y., Trustee.
$1,100,000
Bonds— $500,000 consolidated mortgage 4^ p. c. bonds are reserved
to retire like amount of 1 st mortgage bonds. Bonds are subject to call
at 105 and interest on 60 days' notioe after June 1, 1911. Principal and
Interest of both issues guaranteed by Detroit United by endorsement.
WYANDOTTE <fc DETROIT RIVER RY.

^

Maturity.

'

1st Mtg., $400,000,
gold ($1,000). ..c*

DETROIT & NORTHWESTERN RY.
4^g.M-N $855,000 May 1, 1921
) 1901
o*-> Int. at Union Trust Co., Detroit, Trustee.
$100, $1,000
Bonds— Are guaranteed principal and interest by the Detroit United
Ry. by endorsement and are subject to call at 105 and interest on 60

..

Outstanding.

M-S

,

Date,
'

1st mtg.,$1.000,000,g„

..

5

1893
Mar. 1, 1913
$180,000
$200 000 ( Subject to 6 g. M-8
call at 105 and int. after Mar. 1, 1903
\
„J% *±,uuu
gom, <bi nnn
^ interest at Hanover National Bank, N. Y. City.
Bonds—The mortgage trustee is the Union Trust Company of Detroit
DETROIT & LAKE ST. CLAIR RY. CO.

m£™

See V. 73,

1895

1st

Electric oonsolsfor $1,800,000 are reserved to retire the first mortgage
bonds as they mature.
DETROIT FORT WAYNE A BELLE ISLE.
$1,200,000 Apr. 1, 1928
5K- A-O
. . mt „
„ «-, ' onnnnrA 1898
l8
*•* * 1 200 > 00 ? N. Y. Security & Trust Co., Trustee.
<
i
o r
($1,000)
£ (g ubj, t0 ca n at $105 & int. on 60 d. notioe.)
Interest at Kean, Van Cortlandt & Co., New York.

1911.

S

BONDS
mort

Bonds— First mortgage bonds of the Detroit Ey. numbered 1 to
600 mature in order of numbers at $50,000 per annum, beginning
Deo. 1, 1912; numbers 601 and above mature Deo. 1, 1924. Detroit

1,

Interest.

$300,000
May 1, 1915
* Int. at Finance Co. of Penna. Phila., Trustee.
5 g. M-N
< 1896
$300,000
May 1, 1916
$600,000 (gold).-.-.c*. < Int. at Finance Co. of Penna.. Phila.. Trustee.
Of the consol. mortgage bonds of 1896, $300,000 are reserved to
take up the outstanding first mortgage bonds.
CITY ELECTRIC RAILWAY (OF PORT HURON)
1st mortgage, $300,000,
c*
($1,000)
1st Consolidated mtge.

DETROIT ELECTRIC.

May

Date.

BONDS—

Maturity.
Interest. Outstanding.
Date.
nrtroif Ttailwav—
$1,800,000 Deo. 1. 1912
5g. J-D
1stsM. g. ($1,000), on < 1895
A
to 1924.
c &r. {Int. at Cleveland Tr. Co., Trus.
56-34 miles
1,000,000 June 1,1916
5g. J-D
De«..Kee. Con. M., $2,800,-$ 1896
cold ($1,000) . .c*&r \ Int. at Cleve. Tr. Co., Trustee. As to Deo.,
000 ' s
'
'
1897, interest, see V. 65, p. 1219.

days notioe after

769

Officers.— Chairman Ex. Horn. C. J. Reilly, Detroit; Pres., Matthew Slusn, Detroit; Vice-Pres., 0. A. BlacK; Sec, E. H. Flinn, Detroit; Treas., C. R. Hannan, Boston; Supt., W. j<. Tarklngton, Monroe.-V. 78,

p.

1961; V. 79, p. 2455.

DETROIT YPSILANTI ANN ARBOR &
JACKSON RY

This road is now held in common control with the Jackson Consolidated Traction Co., and the following managing committee for both
roads has been elected: (See V. 79, p. 269.) Walter C. Kerr. L. H.
Hole,
N. Coler Jr., of New York; Geo. O. 8mith. Pittsburgh; J. D.
Hawks, S. F. Angus, of Detroit, and W. A. Boland of Jaokson.
Organization— Organized in 1901; absorbed by purchase the Detroit Ypsilanti & Ann Arbor Ry., the Ypsilanti & Saline Eleotrio Ry.
and the Detroit & Saline Plank Road Co. Has trackage over the
Detroit United Railway
Maturity.
Date. Interest.
Outstanding.
Stock
Bonds—
Stock, com. ($2,600,000)
$2,600,000
1st con801.M., $^,600,000
Feb. 1, 1926
1901 5 g. F-A
1,610,000
($500, $1,000), gold..o* Int. at Detroit Trust Co., Detroit, trustee.
Det. Yp.&Ann Ar. 1st M.
Nov. 1, 1917
1897 6g.M-N
600,000
($600,000), g. ($500 or
trustee.
$l"o6'6"each? r".™ "t 5 !nterest at Union Trust Co.,Detroit,
Det. Yp. & Ann Ar. Cons.
1st M., $1,000,000 gold ( 1899 6g.F-A
330,000
Feb. 1, 1924
($500 & $1,000 each), ("Interest at Union Trust Co., Detroit, trustee,
s. f., annualy
,
Yp. & Saline 1st M
60,000
July 1,1919
6J-J
Stock and Bonds— Of the new 1st mtge. of $2,600,000, $990,000 are
reserved for underlying liens. First consols cannot be called. See V.

W

&

I

'

.'

~l

75, p. 666.

Earnings.— For 6 months ending Dec.

31, 1904, gross, $202,440;

net, $84,352.

Road— Completed and in operation from Detroit (through Wayne
and Ypsilanti) to Ann Arbor and to Jackson; making mileage 100
miles, of which 40 miles over private right of way. Rails 70 and 75
lb. T and girder.
Does a freight business.
Vice-Pres., S. F. Angus
OFFICERS— President, James D. Hawks
Sec ,5 A. L. C. Henrv; Treas., 8. F. Angus. Office, Majestic Bldg.,
;

Detroit.— V. 73,

p.

957. 1159, 1207; V. 75,

p.

666; V. 79, p. 269.

DOYLESTOWN,

PA.

PHILADELPHIA & EASTON RAILWAY.
A trolley road.
Organization— Incorporated in Pennsylvania on February 3, 1897,
under title of Doylestown & Easton St. Ry., but name changed as
above in August, 1903. V. 77, p. 349.

Stock
Stock,

&

Bonds—

Date.

Interest.

$1,025,000,

Outstanding.

Maturity.

$1,025,000
July 2,1941
700,000
Int. at Girard Trust Co., Phila Trustee.
Nov., 1944
(1)
1904
5v. M-N
$1,025.000. ...\.°.' \ Int. atBucks Co. Trust Co., Doylestown, Trus.
Bonds —A sinking tund on the 1st 5s of 1901 of $10,000 per am»nm
commences July 1, 1908, if earned, said fund to be invested in the

$50

1st Mtge., $825,000
($1,000), gold....o*
1st oonsol mortgage,

1901.

5

g.

J-J

STREET RAILWAYS.

770

bonds. Bonds purchased are to remain alive and bear interest ^ee
V. 78, p. 1907. Bonds were formerly not subject to oall, but on Jan.
3, 1903, a supplementary mortgage was made giving the privilege of
calling the bonds on or after July 2, 1911, at 110 and Interest. V. 76,
541. Of the new 1st comols $825,000 are reserved to retire prior
E.
ens. They are subject to call after 10 j ears at 110 and interest.
Road -Operates 33 miles of road between Doylestown and Easton,

completed in summer of 1904.
OFFICERS -President, I. R. Rosenberger; Vice-President, S. J. Penrose; Secretary and Treasurer. H. J. Shoemaker.— V. 77, p. 349.

DU

BOIS, PA.

$300,000
8tOCk. $300,000 (*100)...
May 1,1932
300,000
Coll tr. mtge, $300,000 > 1902 5 g. M. N.
...c* S Int. at Knickerbocker Tr. Co., N. Y.. Trustee.
($500), gold
Ponds— No sinking fund, but bonds are subject to call at any time at
105. There are also outstanding $46,500 of underlying liens, but as
these are being retired, we omit them from the above table. See V. 76,
p. 972.
Road— Operates 4^ miles in DuBois. Standard gauge 60 and 80-lb.
girder and T rail. An extension of 2*2 miles on private right of way
to Falls Creek has been completed. Another short extension is now
building.
OFFICERS— President, Walter Hatten rvice-Pres., J. E. Merris; Sec'y
Austin Blakeslee; Treas., M. I. McCreight.—V. 76, p. 972; V. 79, p.
2747.
;

;

DUBUQUE, IOWA.

the

Home Electric Co.,

in

which constitute the entire electric light and street railway
properties of the city of Dubuque, Iowa. In April, 1901, Messrs.
Linehan A Molo sold their half interest in the company to the other
stockholders, the General Electric Co. among them, which Junel,
1904, owned $240,000 of the common and$240,00u of the preferred
Co.,

stock.

STOCK & BOND"Common, $r-)C0.000, $100

Outstanding Maturity.
$500,000
Pref., $500,0( 0, $100, 5% )
*
00 000
jwu.uuu
cum..
S
1904 5g. M-N
534.000 May 1,1924
1st mtge. $980,000, gold, /
o s Int. at 111. Tr. & Sav. Bk., Chicago, Trustee.
($1,000)
Remaining $44*>,000 bonds reserved for 80 p. c of cost of extensions
and improvements, but only in event of increase of stock and then to
only two thirds of such Increase, but in no ca«e to be made earlier
than two vears fro n date of bo ids Bonds subject to oall after five
years at 105 and int. Sinking fund of $15,000 per annum begins April
30, 1908
Road-— Owns and operates about 17*2 miles of track on 141^ miles
Dale.

Interest.

of street in Dubuque, West Dubuque and to Union and Nutwood parks,
and has contract with the city for supplying electric lights. Extensive
improvements are now being made.
Officers-—President, F. D. Stout; Vice-Pres., D. D. Myers; Secretary and Treas., J. R. Lindsay; Oca. Mgr.,L. D. Mathes.— V. 71, p. 2643.

DULUTH, MINN.

DULUTH-SUPERIOR

TRACTION.-Trolley.

in Connecticut in 1900. Owns entire
stock of the Duluth Street Ry., the Lakeside Street Ry. and the Superior Rapid Transit. The corporate existence of the Duluth Street Ry
is maintained, but all of its stock ($1,500,000 authorized, $300,000 outstanding.) is held by the Duluth Superior Traction. This latterjcompany
has no bonded debt. The Duluth Street Ry. was organized under
Act of Minnesota approved Nov. 17, 1881, and possesses " an
exclusive franchise " which runs until 1931. The franchise of the
Superior Street Ry. Co. is perpetual and exclusive. The Duluthbuperior Bridge at West Superior is used by the railway, but is a separate corporation, and has issued first mortgage bonds for $650,000
and second mortgage bonds for $300,000—see bridge items, V. 63. p.
310, 504. The tracks and franchises of the Woodland Company were
purchased by .the Duluth Street Ry. on Oct. 1, 1901, and now form
part of its system. In 1903 entered into contract with Northern
Power Co. to supply sufficient power to operate the street railways in
both cities. Power is not yet being delivered.
Data. Interest. Outstand'g.
Stock
Bonds—
Maturity-

Organization— Incorporated

&

Capital stock,com.,$3,500,000
$3,500,000 ...
Pref. 4 p. c. cum $1,500,000
Q-J
1,500,000 Jan. '05,1%
Duluth St.Ry.M ,$2,500,000 < 1900 5gitoN 2,500,000 May 1,1930
gold ($1,000)
e* Unt. at Central Trust Co., N. Y., Trustee
Bonds—The mortgage covers all the mileage of the Duluth Street
Ry., the property of the Lakeside Street Railway and of the
Superior Rap. Transit having first been conveyed to the Duluth St. Ry.
Dividends— On the preferred stock 4 p. o per annum is being paid.
Road— The system embraces 75 miles of track and includes all the
lines in

Duluth and Superior.

REPORT— For

calendar year 1904: Gross, $619,172; net, $293,123;

and dividends, $202,6u2; surp]us,'$90,521.
OFFICERS— President, C. G. Goodrich; Sec. and Treas., L. Mendenhall; Gen. Man., Herbert Warren.— V. 71, p. 341; V. 72, p. 183, 627.

interest, taxes

M&S

i

M
m

H

NORTHAMPTON TRACTION COand

IOWA -Trolley.

Iowa in 1900 as a consolidation of
the Dubuque Street Ry. and the Star Electric

Organization.— Incorporated

&

.

Organization—Incorporated in New Jersey on Nov. 15, 1901, as
the American Town Light Co. and name changed later as above. Is a
consolidation of the Du Bois Elecric Co. and the Du Bois Traction Co.
V. 76, p. 972. Franchises for both street railway and electric lighting
are perpetual and exclusive. Has 10-year lighting contract with city
Change of control occurred
of Du Bois. Population served, 19,000.
in Jan., 1905, and new officials e eo; ed as below.
Maturity
Outstanding.
Interest.
Date.
STOCK & BONDS—

CO. IN

paid in on shares. V. 78, p. 2011, 2442. Dividend payments have
been: July, 1900, 3*«% on $10 paid in; Sept., 1901. and March and Sept.,
1902, 3% on $15 paid in; March, 1903 (paid in July), and Sept., 1903,
4% on $15 paid in. None since.
Organization.— Consolidation in 1899 of the Easton Transit Co., the
Edison Illuminating Co. of Easton and theEaston Palmer & Bethlehem.
Incorporated in New Jersey March 11, 1899.
Stock
Bonds— Both the stock and the collateral trust 5s were in
Jan., 1900, listed on the Philadelphia Stock Exchange.
Date.
Interest. Outstanding.
Maturity
Stock, $1,500,000; par, $50 ...
40% paid in. See text."
Collateral trust, g., c.*l,-S 1899
872,000
May 1,1949
300,000 ($1,000, $500) t Int. at Girard Trust Co. (Phil), trustee.
A "° 300,000
1922
Easton Transit 1 st mort f 1892 5
1897 and redeem.
*lnnnftn ™iJ $^oo &<
»doo,ooo, gold, y£>n\'J Subject to call at 103 in Intere8t
after Qct 1( 1902
at Ea8ton
c<Kr
* ouu
Trust Co.. Easton, Pa., Trustee.
l
1881 6
A " ° $60,000 Apr. 1, 1941
Pa Motor lo. 1st
Co 1 st
J
fa.
J Lack. Tr. & 8. Dep. Co. (Scranton), trustee.
Saston
& Bethlehem S 1894 6
60,000
Aug. 1, 1924
Transit Co. Bonds
}E P. Wilbur Tr.Co.,trustee; red.aft.Aug 1,'04
Easton Palmer & Bethle- $ 1898 5
J &J
200,000 Dec. 31, 1918
hem El. Istg., $200,000 I Int. at U. S. Mtg. & Tr. Co., N. Y., trustee.
The cllat. bonds have no sink, fund, and *re not subject to call. Of
the total of $1,300,000, $420,000 is reserved to take up the $300,000
Easton Transit bonds, $60,000 Penn. Motor bonds and $60,000 East. &
Beth. Trans, bonds. Issue is secured by a pledge of $298,350 (out of
$300,000) stock of the East. Trans. Co., 12,317 shares (out of 12,322
shares) of Edison Illuminating stock, 1,902 shares (out of 2,400 shares)
of Pennsylvania Motor stock, 4,000 -650 shares (half common and half
preferred, being the entire issue of «ach) of the Easton Palmer &
Bethlehem Street Ry., and entire (2,500) shares of Easton & Bethlehem
Transit stock.
Road—Embraces the entire street-railway system of Easton, South
Saston and Philipsburg, with a line from Easton to Bethlehem and
South Bethlehem; total track 43-67 miles, standard gauge.
SarOFFICERS—President, W. Hinckle Smith; Sec. a^d Treas., S.
gent, both of 511 Chestnut St., Phila.— V. 78, p. 768, 1446, 1781. 2011,
2442.

5g.M&N

DU BOIS ELECTRIC & TRACTION CO-A
trolley road.

UNION ELECTRIC

EAST LIVERPOOL, OHIO.
UNITED POWER COIncorporated

is a consolidaOrganization. -Incorporated on Oct. 13, 1902,
1, 1903, of the Easton & Nazareth Street Ry. and the
Easton Tatamy & Bangor Street Ry.

tion on Jan.

STOCK

&

—

EASTON, PA.

1,

BONDS—

Date.

Interest.

(

1903

I

Int. at

5g. J-J

Outstand'g.

$500,000
399.000

Northampton

Maturity.

1933

Tr. Co., Easton, Trus.

See text
2d mortgage, $100,000
Bonds.—The first mortgage bonds are in denomination of $100, $200
$500 and $1,000. A sinking fund is now operative but the bonds cannot be called. Part of the second mortgage bonds are pledged to secure $30,000 )f floating debt
Earnings For year ending June 30, 1904: Gross, $71,802; net
$32,013; interest, $20,000; surplus, $12,013.
Road.— Operates 20 75 miles of track from Eabvoa to Nazareth and
from Easton to Bangor. Standard gauge; 60 lb. and 80-lb. steel rail.
OFFiCERS.— President, T. A. H. Hay; Vice-Pres., H. H. Haines: Secretary,
O. Hay; Treasurer, Chester Snyder; Supt., D. L.Beautieu.

W

EAST

EAST
ST.

ST. LOUIS, ILL.
LOUIS & SUBURBAN CO.-Trolley.

Organization, -incorporated in New Jersey in 1902, and owns all
the stock and bonds (with the exception of $140,000 as below) of the
East St. Louis Ry., the St. Louis <s East St, Louis Electric Ry. and
the East St. Louis & Suburban By., and the bonds of the St. Louis *
Belleville Electric Ry. The East St. Louis & Suburban Ry. operates
all the electric lines in East St. Louis and to Belleville, Ed waidsville,
Collinsville and Caseyville; also a line to O'Fallon and Lebanon; and
the only electric line across the Eads Bridge. In July, 1902, acquired
the Citizens' Electric Light & Power Co.'s plant in East St. Louis. Has
50-year exclusive rights to operate oars over the Eads Bridge connecting St Louis and East St. Louis. Has oontract with city of East St.
Louis for municipal lighting until 1910. Franchises are from 44 to 48
yrs.,with the exception of Belleville (5 miles), which has 16 years to
run— all from 1904.
The following is a list of the stock and bonds owned and which are
deposited wiih the St. Louis Union Trust Co. as collateral for the new
East St. Louis & Suburban Co. collateral trust bonds.
Constituent companies Bonds.
Stock.
$1,«14,500 entire Issue
$1 475.000 out of $1,500,000
East St. Louis Ry. Co
5u0,0<0 (entire issue)
4^9,500 do
do
St. L. & East St. L.Elec. Ry.
3,i;8tf,300
d»
do
do
do
E. St. L, & Suburban Ry.... 8.«6,000
75f>,00o
do
do
St. L. & Belleville Elec. Ry.
22*,700
Citizens Elec.Lt.&Pow.Co No bonds
$5,«50.000
St.

The capitalization of the East
Date.
STOCK & BONDS—

Louis

$5,578,000
Co. is as follows:

& Suburban

Maturity.
Interest. Outstanding.
Feb., '05, l°i
Stock, $5,000,000, $100..
Q-F
$5,000,000
April 1, 193 2
902 5 g. A-O
6,200,000
Poll trust
$8
rinn gold 7*i nnn\ .o < Int atst Louia Union Trust Co., Trustee, or
000 ™iS ($1,000). «« ^ at E
clark & Co Philadel p hia.
E. St. Lou. Elec St. RR. < 1893 6 g. F-A
Aug. 1, 1908
140,000
consol. (now 1st) g..
< Int. at Miss. Val. Trust Co., trustee, St. L.
Bonds.—Of the $6,200,000 collateral trust bonds outstanding'
$140,000 are reserved to retire the underlying lien given above The
remaining $1,800,000 are reserved for future extensions and improvements. Bonds are redeemable on any interest day at 105 and int. on 4
weeks' notioe. See V. 76, p. 3*2.
Dividends.— The first dividend of 1 p. c. was paid Nov. 1, 1904, and
1 p. c. *as again paid on Feb. 1, 1905.
Earnings- For the 12 months ending Deo. 31, 1904: Gross, $1,363,552; net, $770,393; fixed charges, $358,198; surplus, $412,195.
Road— Operates 111 miles of track, including all the lines in East
St. Louis and a double-track road from East St. Louis to Belleville,
.

M

000-O

-

w

-

.

,

t

. .

Officers OF Operating Company.— President, C. M. Clark; VicePresident, L. C. Haynes; See. and Treas., G. L. Estabrook; Ass't Seo.
and Treas.,' T. W. Gregory. Office of Suburban Co., Camden, N. J.;
Operat'g Co. at East St. Louis.— V. 76, p. 382, 918; V. 78, p. 820. 1109;
V. 79, pi 2587; V. 80, p. 650.

EAU CLAIRE,

1

EASTON CONSOLIDATED ELECTRIC1904, lease to Lehigh Valley Traction was canceled

&

Stock. $500,000 ($100)
1st mortgage, $400 000,
gold
o*

O'Fallon and Lebanon.

in Feb., 1901, and acquired the East
Organization—
Liverpool Ry. and the Ceramic City Light Co.
Date.
Interest. Outstanding.
BONDS.
STOCK
Maturity.
Stock, $900,000 ($ 00)
$900,000
mort., $700,000 > 1901
1st
5 g. J -J.
550,000
JanVi! 1926
c* 5 Int at Trust Co. of North America, Phila., Trus.
($1,000), gold
Bonds— Are not subject to call.
Road— Operates 14^ miles of track. An extension is under construction to Lisbon, 22 miles, of which 3 miles has been corn pleted.
Remainder expected to be completed In 1905. Pres., L. W. Healy
Sec, Geo. O. Anderson.—V.72. p. 241. 245.

On May

[Vol. lxxx.

by

rentalB being in default. See V. 78, p. 1446, 1781. In June. 1904, a
further Instalment of $5 per share was called on stock, making 40 p. c.

WIS.

CHIPPEWA VALLEY ELECTRIC RRconsolidated with

Purchased the Eau Claire

STOCK & BONDS—
Common, par $100

Lt.

<fe

Date.

6%, cum., $200,000
First M., $200,000 gold ) 1898
Pref.,

Power Co. and
Interest.

Outstanding.

$206,000
200,000
200,000

it

Last Div.

Oct. 1, 1918
6 g. A-O
$1,000 each)notsub.call J Int. at Mercantile Tr. Co., Boston. Trustee.
Oct. 1, 1*23
500,000
5 A-O
New Mtge., $750,000, > 1903
Trustee.
($1.000)
5 Security Trust Co., Camden, N. J.,
200.000
Eau C. Lt. & P. Co
4
Bonds.— Of the new mortgage $200,000 is reserved to retire a like
amount of 6s due 1918; the new bonds may be called after 1908.

STREET RAILWAYS

Feb.. L905.]

ERIE TRACTION

Road— Owns trolley road Eau Claire to Chippewa Palls, Wis., 12
Eau Claire, 8 miles Chippewa Falls, 2 miles; total, 22 miles
Owns 14 miles right of way exclusive 30 years franchise at Chipmiles;

;

pewa Falls and 30-year franchise at Eau Claire. Extension of 4 miles
under way, to be completed by July, 19>)5.
Earnings (of consolidated properties)— For year end Dec. 31, 1903,

ELMIRA, N. Y.
ELMIRA WATER, LIGHT & RAILROAD
COMPANY.
Organization—This company was incorporated on May 23, 1900,
for the purpose of consolidating all the water, lighting:, power and
street railway properties in Elmira, comprising the following: The
Elmira Municipal Improvement Co.; the Elmira <te Horseheads Ry.; the
Maple Ave. Ry.; the West Water St. RR.; the West Side Railway Co.;
the Elmira Gas & Illuminating Co., the Elmira Illuminating Co.,
the Elmira Water Works Co., and the Elmira Heights Water Co.

&

Stock

BONDS—

Date.

Stock, ($100i

Interest.

Amount.

Maturity.

$1,000,000
Elmira Wat. Works 1st
6
339,000
1913
West Side RR., g„ 1st M.. 1894 5 g. A.&O.
355,000 Oct. 1, 1914
J.-J.
1,661,000 Jan. 1,
New 1st M., $2,000,000 "1900 U.5g.Mort. & Trust, N. Y., trustee. 1949
8.
gold $1,000 "o.
$5oo:
Subject to call at 105 and interest.
190 ° 4 g. Mar.
1,200,000 Jan. 1, 1949
2d M income SI 200
Guaranty Trust Co. of New York, trustee.
non J «n'A**innii
uoo, g., $5UO <to $1,000 \
Subject to call
100.

M
•

<\

at

j

Of the new 1st 5s, $3-!9,000 are reserved to retire at maturity the
bonds of the Elmira Water Works Co., due 1913. $355,000 outstanding bonds of the West Side RR. and the Elmira He'ghts Water

Stock, $500,000 ($50)
$500,000
1st M., $500,000, gold ) 1899
5 g. J-J
440,000
July 1, 1929
($500 and $1.000) ...o'JN.Y. Security
Trust Co.. Trustee.
Loans payable June 30, 1903, $90,000.
Bonds.—
sinking fund of $30 for every $1,000 bonds commences
July 1, 1904, but bonds are not subject to call. Interest is payable at
the company's office, Erie, Pa.
Earnings— For vear ending June 30, 1904: Gross, $64,650; net,
$19,418. In 1903: Gross, $65,105; net. $22,577; fixed charges, $33,896;
deficit, $11,319.
'perates 27*2 miles of track from Erie to Edinboro and Cam'oad
bridge Springs.
Standard gauge, 60-lb. aud 70-lh. girder and T-rail.
OFFICERS— President, W. C. Culbertson. Girard; Vioe-Pr^s., T. A.
Lamb; Secretary-Treasurer. Chas. M. Hatch. Office, Erie, Pa

&

A

'

LA E ERIE TRACTION CO -A trolley road.

Rteeivershii>— On July 8, 1904, S.Fred Nixon was appointed receiver,
interest on the bonds being in default
V. 79, p 269.
Organization— Incorporated in New York.
Maturity.
Outstanding.
Date.
Interest
Stock
Bonds—
Stock. $500,000, $! 00
$500,000
April 1, 1932
1st Mtge, $400,000, k.,) 19<>2
400,000
5 g.
($500 & $1,000) o * r s Int. at Colonial Trust Co., Phila., Trustee.
Bonds— No sinking fund or bonds cannot be called.
Road - perates 17 miles of track from Northeast, Pa., to Westfield,
N. Y. Standard gauge. 60 and 70 lb. T rail.
Officf Rs -President, T. B. Hall, Camden. N. J.; Sec. & Treas. T. H.
Paist, Philadelphia; Supt., F. J. Cutting
V. 79, p. 269.

&

—

Co. are guarantee d.

Road Comprises 27^ miles

EVANSVILLE,

of track controlling all the principal

Elmira and connecting the suburban towns of Elmira
Heights, Southport and Horseheads, also making connections with the
Seneca Lake Kailway, which pays an annual trackage into Elmira.
Equipment consists of 37 closed cars, 29 open cars and 15 trailers
Track laid with 75 and 90-lb. girder rails. Owns Rorick Glen Park.
Report— The earnings for the liscal yearending June 30, 1904, were:
gross, $ 10,542; net. $) 67,902.
OFF'CERS— Pres., Ray Tompkins; Vice-Pres and Gen. Man W. W.
Cole; Sec and Treas John M. Diven; Asst Sec, Murray w. Dodge
40 Wall St., N.Y.; Aud., H. M. Beardsley.-V. 72, p 627, 821, 935, 988.
,

,

EL PASO, TEXAS.

EL PASO ELECTRIC CO.— This
securities of tbe El Paso Electric Ry., tbe El Paso
Santa Fe

company owns the

&

St. Ry. and the International Light
lly all the electric-ligbting and the

Co., the

Juarez Traction

& Power Co., com-

prising practic
entire street railway business of El Paso, Texas, tnd Juarez, Mexico. Franchises
average 61 years from Jan. 1, 1904.
Date.
Stock
Interest. Outstanding.
Bonds
Maturity.
Com., $1,000,000 ($100)
$1,000,000
Pref. 6 p. c, nou-oum., /
6 J-J
200,000 Jan.9,*05,3%
$250,000 ($100)
\
Coll. tr. mtg. ($1,000),) 1902
5 g J-J
780,000 Jan. 1, 1932
$1,000,000, gold
Unt. at State Street Trust Co., Boston. Trus.

—

&

—

Bonds.— No sinking fund and are not subject to call.
Dividends.- First dlv 3 p. 0. on pref. stock, was paid Jan.
,

0.

$66,832; charges, $39,691; surplus. $27,141.
Road.— Operates 17-41 miles of track in and between El Paso, Tex.
and Juarez, Mexico.
m OFFICERS. -President, G. E. Tripp; Vice-Pres., E. Wadsworth;
Treasurer A. Stuart Pratt; Sec'y, H. R. Hayes; Gen'l M'g'rs & Transfer Ag'ts, Stone & Webster, boston- V. 76, p. 158.

ERIE, PA.
ERIE ELECTRIC MOTOR COOrganization. -Chartered October 8, 1888. Acquired the ownership and control of the Erie City Passenger Railway and the Erie Reed
Park & Lakeside Street Railway through the purchase of the entire

capital stock of both companies.
TP5£, &=§9^£ s
Date. Interest. OutsVdinq. Maturity.
a
Stock ($1,250,000) ^;, „
($100)
$1 250 000
1st M., ($200,000) ($1,000), j 1889 6g.'j-"j
200,000 JanVi", 19*19
*
°- 5 Int. at Cent. Trust Co., trust., N.Y. Citv.
«,/°.V* 'iKiv-;;
2d
($150,000) ($1,000),) 1889 6g. J - J
$150,000 Jan. 1 1919
gold .......... ......... 0. S Int. at Cent. Trust Co., trust., N. Y.City.
ls
et *&*' fund ($1,250,-) 1901 5g. A
O 850,000 April 1.1941
000) gold ,$1,000). Cannot i Int. at N.
Security
Trust Co., trus
be called...
c*3 tee, N. Y. City.
Bonds-Of the $350,000 prior lien bonds $100,000 have been
exchanged and deposited with the trustee as additional collateral
under the refunding mortgage, thus leaving $250,000 prior lien bonds
n the hands of the puulic. To retire these a like amount of refundbon<f8 is reserved.
For extensions and tetterments
*l 50,000 of the new ,
bonds are reserved, and can be issued only under
guarded restrictions. The company has deposited with the trustee
the entire capital stock of the Erie City Passenger Ry. and the
Erie
Reed Park <& Lakeside St. Ry. Co. A sinking fund of 1 per cent annully e ns A
X 1906, and will be increased to 1^ per cent in 1916.
o
oee ^ Sk p. £2$
v. 72,
775.

P

Organization— On March 22, 1901, was granted a 50-year franchise
by the city of Evansville, it then acquiring the old Evansville St. Ry.
Owns all the street railway mileage in Evansville except l^ miles of
iuterurban road.

Stock A. Bonds—
,tock ($600,000) ($100)
1st mortgage, $1,200,000,
c*
gold (£1.000)

.

M

-

Y

&

Im!™™-'^

>

Road—Operates
01 trat-H

the street ^railways in Erie, and has 32 miles
mostly 90-lb. girder rails. Has 34 closed and 42 open motor
ar8- Franoalses are Perpetual, except for 6 miles
all

which uftm- 999

REPORT-For y^ ar ending June
537; interest

^

30, 1903, gross, $23.4,628

and taxes, $57,593; surplus, $34,9447

;

net, $92,-

<
ICE s Pl
F
nf Erie. Office.'^V, ?* 202 IState wllbur Seo - & Treas.. J. L. Sternberg, both
of
St., Erie.-V. 72, p. 775.

^

-

:

ERIE RAPID TRANSIT ST- R Y.-A trolley road.

Beceivership.-Ou Dec. 18, 1903, Henry P. Walton was appointed
receiver. Interest on the bonds was defaulted on Jan.
1, 1904. V. 80.

p. lo2.

'

Organization.— Incorporated

Pennsylvania on June 21, 1898.
C
Date
Interest. Outstanding
Maturity.
Ht«Iv «knh ^"l;;
Stock, $500,000, $50
*500 000
0,000
9 1 5 *"'J--JJuly 1,1931
SSoioOO
^gol^Ifooof
^ J ? at Colonial Trust Co., Phila., trustee.
gold $l,000)
Int.
$
Bonds -No sinking fund and are not subject to call.
wn8l5m le80l,t,ackfromoit y of Erie to town of North
A
irll? which
East, .£;T? was put ? operation on Dec.
in
1,1901.
>re8l e t,Tn0S B Hall Camden, N.J.;
F FI
s
Vice-Pres.; W.E.
in

-

t

H?c a

K-r?i .-Ti

'i -n

n-

-

>

Outstand'g.

Interest.

Maturity.

$600,000

M-N 1,200,000 May 1, 1921
Merobants' Tr. Co N. Y., trustee,
125,000 June 1,1918
2nd mortgage, $300 000. ) 1904 5g. J-D
gold ($1,000)
o* > Int. at Farmers' Ln.&Tr. Co.. N. Y., Trus
Bond*.—The second 5s may be called after June 1, 1906, at 105 and
interest, and a certain amount (s«e V.79, p. 2147) mutt be redeemed
and retired yearly on June 1 at the same price v. 79, p. 2147.
Earnings -For fiscal year ending Oct. 31, 1904, gross, $209,202;
net, $87,313; fixed charges, «70,9S)9; surplus, $16,314.
ROAD— Owns 30*2 miles of trolley track. Rails, 60, 70 nnd 75 lb. T
94 oars. Gen'l Electric system. Also owns park and pleasure resort.
OFFICERS— Prest., Jas. O. Parker; Vice-Prest. and Gen. Mgr., H E.
Moran; Treas., L. C. Shipherd; Sec, Alex Gilchrist, all of Evansville,
Ind -V. 72, p. 776, 872; V. 79, p. 2147.
)

S

1901

4g.

Int. at

,

EVANSVILLE & PRINCETON TRACTION

CO-— A trolley road.

in 1902. Franchises are
904, the Evansville Prinoeton
Indianapolis Ry. was organized by parties interested in this company,
but there is no connection between the two. V. 79, p. 2147.
Date. Interest. Outstand'g. Maturity.
STOCK
BONDS—
Stock, $600,000 ($100)
$600,000 ....
1903 5 «• A "°
4°0,000 April 1, 192w
1st morfracA *400 000>
g
Tr. Co., Cleve., Trustee,
/«i nnn\
( '!!!liit. at Cit. Sav. &
gold ($1,000), s. f ..o&r
or at First Na tional Bank, New York.
Bonds.— A. sinking /una" of $10,000 per annum commences on Feb
1,1908, said fund to 'be invested in the bonds at 105, beginning witl
No. 1. Whole issue may be called at any time at 110 and interest.
Road— Operates 29 miles of track, connecting Evansville and
Princeton, which was put in operation Deo. 8, 1903. 70-lb. T rail.
Seo.
OFFICERS.— Pres., Joseph S. Heston, Princeton; Vice-Pres.
J. G. La Grange
Treasurer, Sam T. Heston; Gen'l Manager, W. P
Lacey, Princeton.— V. 77, p. 2389; V. 79, p. 500, 2147.

for

On July

50 years from 1902.

20,

&

1

&

7

Lm

t;

&

;

EVERETT,

(

Ll

Date.

Organization— Incorporated in Indiana

12, 1903'

on July 13, 1903. In 1904, 6 p. c. In 1905, Jan. 9, 3 p. cEarnings- For 12 mo« ending July 31. 1904: Gross, $233,270; net.

also 3 p.

IND.

EVANSVILLE ELECTRIC RY-A trolley road.

streets in

-

CO.

Organization— Incorporated in Pennsylvania on April 16, 1901.
Date.
Interest. Outstand'g.
Maturity.
^TOCK & BONDS—

;

gross. $111,706: net, $16,570; in 1902. gross, $101,667; net, $41,582.
"OFFICERS- Pres., A. E. Appleyard, Boston, Mass.; Vice-Pres. J. T.
Joyce, Eau Claire; Supt., H. G. Lawrence, Eau Claire.— V 78, p. 819.

71

WASH

EVERETT RY- & ELECTRIC.-A trolley road.
in Washington on Jan. 23, 1893.
Controlled by Everet t Improve uient Co
Maturity.
Date. Interest. Outstand'g.

Organization— Incorporated

Alsoowns

Stock

eleotrie-light plant.

&

Bonds—

Stook, $200,000, $100
1st

mortgage,

$200,000

..

gold ($1,000)

5g.A-0 825,000 Apr. 1, 192;
Manhattan Tr. Co., N.Y., trustee.
No s. f. and not subject to call.

1901

$1,000,000
1

Int. at

ROAD— Operates 18-7 miles of track in Everett, including branch to
Lowell and Snohomish, 6-19 miles, leased from the N. P RR. Co. for 3
years with privilege of renewing for 7 years more. Company is building a power plant at Lake Isabel, 3 2 miles from Everett, to furnish
15,000 h p.
Officers— President and Treasurer, J. T. MoChesney; Secretary
Edward C. Mony; Supt., R. P. Stevens.—V. 73, p. 1111.

EXETER, N. H.
NEW HAMPSHIRE TRACTION COon
bonds
Reorqanization.—

Interest
the
being in default, a reorganization committee was appointed, consisting of Otto T Bannard,
Alfred D. Foster and Chas. F. Ayer. It is proposed to form a new
company with $4,000,000 common and $4,000,000 4 p. 0. non cum.
preferred stock Bondholders are to receive 50 p. c. in new preferred
and 50 p. c. in new oominon stock for their bonds. Holders of certificates of indebtedness or of 1st mort. coupons due Jan. 1, 1904. to
July 1, 1905, will be given 100 p. 0. in common stock. V. 79, p. 2205.
Organization— Incorporated in New Hampshire in Nov., 1901, with
perpetual charter, and owns and controls the following companies:
Amesbury & Hampton Street Ry.,*Seabrook & Hampton Beach Stree
Ry., Haverhill
Piaistow Street Ry., "Haverhill Plaistow 4 Newton

&

&

Street Ry., "Portsmouth
Exeter Street Ry.. "Dover Somersworth <k
Rochester Street Ry., *Exeter Hampton & Amesbury Street Ry., 'Hudson Pelham & Salem Street Ry., Haverhill & Southern Now Hampshire
Street Ry., Lawrence* Methiien Street Ky Lowell
Pelham Street
Ry., "Rockingham Co. Light& Power Co. aud •Granite State Land Co.
All of the oapital stocks of these (*) companies are owned by the New
Hampshire Traction Co., as are also the oustandlng bonds of a/7 the
companies, with the exception of those given in table below, and are
pledged under the mortgage. Although not pledged under the Indenture, the stocks of the other companies owning property located in
Massachusetts are also owned bv the New lamp shire Traction Co.
and are deposited with the S. Y. Security <& Trust Co. Franchises
of all the constituent companies are perpetual.

&

.

1

4

STREET RAILWAYS

t'Z

In October, 1904, a certain block of stock and bonds of the New
Co. was sold at auction pursuant to a decree In
a suit of the Massachusetts Construction Co. against the same.
Y.T9, p. 1462,2086.
Maturity.
Outs t' ding.
Interest.
Date.
Stock & Bonds—
$1,000,000
6toek$l,000,000 ($100)
6,625,000 July 1, 1942
1st lien, sink'g fund, cold, ) 1902 4H.«T. J.-J.
$7,500,000 ($1,000)0* ctr ] Int. at N.Y. 8eo. & Trust Co., N.Y., trustee.
Bonds.— S375.000 are reserved to retire the outstanding prior liens;
$500,000 are held for future extensions and Improvements at 75% of
cost, and only when net earnings for previous year are 1*2 times interest charges. A Hnking fund of $40,000 per annum commences
Mavl, 1910, but bonds cannot be oalled. Bonds if purchased are to
be kept alive and interest aoorues to benefit of sinking fund.
The bonds constitute a first lien on all the properties and franchises
of the constituent companies, subject only to $375,000 underlying

Hampshire Traction

liens.

HNDEBLTING
Amesbury

LIENS.

Exeter Hampton &
1st mortgage. $225,000, R. 1899 5g. J-D $225,000 June 1, 1919
($1,000), sink, fund $3,000 y Interest at Amerioan Loan & Trust
Co Boston, Trustee,
per ann. begins 1904 bonds.
o* J
cannot be called
Rochester)
Dover Somers. <fe
011901 5 S, J-J See text July 1.1921
($l,000),c sf $5,000 p.a.,
Inte rest at American Loan & Trust
begins 1904; bds. cannot be ^ Co., Boston, Trustee.
called. Guar, p. <fe i. by Ex.
"I

,

|

JlfiTAAnnnT

'

Hamp.

& Amesbury.

J

Oct. 1, 1919
1st M., gold, > 1899 5g.A-0 See text
Int. at Beacon Tr. Co.,Bost., Trustee.
$100,000 ($1,000)
S
Bonds -Of the $300,000 of the Dover Som. & Roch. bonds, all issued,
$200,000 are owned by the New Hamp. Tract. Co. and pledged under
the mortgage. See V. 73, p. 842. Of the $100,000 Ames. & Hamp.
bonds, all issued, $50,000 are owned by the N. H. Tract. Co. aEd
pledged under the mortgage.
Road— Companies controlled comprise about 135 miles of track and
several pleasure resorts. Also does electric lighting and gas busi-

Ames.

<fe

Population served. 300,000.
OFF'CERS— President, D. A. Belden, Haverhill, Mass Viee-Pres., F.
P. Royee, Boston; Sec'v and Treas., Reginald H. Johnson, Boston;
As't Treas Samuel L. Russell, Haverhill. -V. 79, p. 1462, 2086, 2205.
:

,

FAIRMONT, W. VA.
FAIRMONT & CLARKSBURG TRAC- COVirginia
and

in June, 1903,
ORQANiZATION.- Incorporated In West
sucoeso to the Fairmont & Clarksburg Electric RR. Co. Is controlled by interests identified with the Consolidated Coal Co. of Marylaud and allied properties. V. 80, p. 600. Harvey Fisk & Sons have
agreed to underwrite $1,200,000 of the bonds.
Outsland'g.
Date. In'erest.
Maturity.
STOCK & BONDS-Stock
$800,000
None
Oct. 1, 1938
1st mortgage, $2,500,000, > 1903 5 g. A O
gold ($1,000)
c*5 Int. at Guaranty Trust Co N. Y., Trustee.
Bonds.— Are subject to call, beginning Oct. 1, 1913, at 105 and in
is

,

terest.

Road.— Operates a line between Fairmont and Watson and between
Fairmont and Middletown, and a line from Clarksburg to O'Neil Mine
and from Clarbsburgto Carbon and Greselli; total, 21 miles. Standard
gauge. Also does electric-lighting business. A connecting link from
Fairmont to Clarksburg, 16 miles, is being built.
Officers —President, S. L. Watson; Vice Pres., C. W. Watson: Secretary and Treas., Smith Hood; Gen. Mgr., Arthur L. Linn Jr.— V, 76,
p.

1406; V. 77, p. 950; V. 80, p. 600.

FISHKILL-ON-THE-HUDSON,
CITIZENS' RAILROAD,

A trolley road.

Organization— On Feb. 1, 1902, the
Electric Co.

N. Y.

LIGHT &POWER.-

Citizens' St. Ry.

were consolidated under the above

and the Carroll

title.

Stock,$175,000,par $100.$175,000
Earnings— For ye'arend'g June
Citz. RR., Light & Power
30.
1st mtge. 5 s, $100,000,
1904.
1903.
due 1922
100,000 Gross
$77,803
$74,546
Cit. St. Ry. IstM. 6s, A&O. 75,000 Net
26,656
24,567
(Due 1912, optional after 1897.)
Charges
14,483
14,396
Leased Line
Dividends
None
None
Fishkill Elec. 1st M., 6s,
Balance
12,173
10,171
of 1895, due 1915, J&J $50,000
Fishkill stock ($50,000) to receive same dlv. as Citizens' St. Ry.
Road—Owns 3 miles of single and '25 miles of second track. Leases
Fishkill Electric Ry. from Fishkill to Matteawan, 4; total, 7H miles.
OFFICERS— Pres., J. T. Smith, Fishkill-on-Hudson; Vice- Pres., E. L.
Tompkins; 8ec, S. K. Phillips Matteawan; Treas., George W. Patter-

—

son.— V. 75,

p.

184.

FITCHBURG, MASS.

FITCHBURG & LEOMINSTER STREET RY
Organization— Road extends to Leominster and

Lunenburg.
Maturity
8tk.(au., $500,000; par, $100)
$350,000
See text.
1st moit. ($500) c.,$150,000. ) , sq7
,~ nnnn
Am 1, 1917
1897
5 A_ n 150,000 Apr. . 1Q1 „
°
Int. at 1st Nat. Bank, Bost. \
Consolidated M., $350,000 / 1901 4.*a F-A 150,000 Feb. 1, 1921
($1,000)
I Int. at Bost. Safe Dep. & Tr. Co., Trustee.
Bonds— Of the new consol. mtge., $150,000 are reserved to retire
Date.

Rate.

Outsland'g.

.

.

the 1st mtge. at maturity.
DIVIDENDS— In year 1894-95, 8 p. c; in 1895-96, 8 p. c; in 1896-97,
8 p. c; in 1897-98, 8 p. c; in 1898-99, 8 p. c; 1899-1900, 8 p. c; 19001901. 8 p. c; in 1901-1902, 6 p. c; in 1902-03, 6 p. c; in 1903-04,6 p.a;
in 1904-05, 6 p. c.
Road—Owns 32-114 miles of track, including 1-67 miles of sidings.
Earnings— For years ending Sept. 30
1904.
1903
1904.
1903.
Gross
$202,790 $198,356 Dividends paid.. $21, 000 $21,000
Net
70,635
68,221 Bal., sur. for year 6,492
846
Int., taxes, etc..
43,143
46,375
OFFICERS— President, H. A. Willis; Vice-President, H. I. Wallace;
Clerk and Counsel, C. F. Baker Treasurer, R. N. Wallis Supt. and
Purch. Agt., W. W. Sargent, all of Fitchburg.— V.70, p. 1249; V. 72, p. 87.
;

;

florenceT^ol,

FLORENCE ELECTRIC STREET RY.-To be a
road.

trolley

Organization.— Incorporated

Stock

yon Oitv, Florence and Colorado Springs and Florence and Pueblo.
In February, 1905, about 2 miles of road was completed.
OFFICERS.— President, Thos. Robinson; Vice Pres. and Treas., H.
Cook; Secretary, Harry Robinson. - V. 76, p. 265, 382; V. 77, p. 2159*

A

FOND DU LAC, WIS.
EASTERN WISCONSIN RY.& LIGHT -Trolley.
Organization.— Incorporated in Wisconsin in Sept., 1903, as a conFond du Lao St. Ry. & Light Co. and the Fond du
Lao & Oshko<-h Elect. Ry. Co. Comprises the entire street railway,
electric-lighting and gas plants in Fond du Lao.
solidation of the

Stock

& Bonds—

& Bonds—

Date.

in Colorado
Interest.

on July 12, 1900.
Outsland'g.
$500,0'

Date

Outstand'g.

Interest.

Stock, $500,000

Maturity.

(?)

Prior liens
$275,000
1st mort.,$l.sOO,O0O) 1903
5g. A-O
297,000
Oct. 1, 1923
gold ($1,000)
Interest at Milwaukee Trust Co., Trustee.
c* s
Bonds.- The *297,000 given in table above as outstanding were issued in exchange for underlying liens. These bonds are subject to call
on any Interest date at 103 upon six months' notice; $275,000 are
reserved to retire remaining prior lien bonds.
Road— Length of road 6^ miles in Fond du Lac and 12^ miles be.

tween Fon d du Lac and oshkosh.
EARNINGS— For year ending Deo. 1, 1903: Gross, $133,665.
Officers—Pres., F. B. Hosklns; Vice-Pres. & Gen. Man.,T. F. Grover;
Seo'y, Frank B. Huntington; treasurer, Wm. E. Cole.— V. 77, p. 1533.

FORT DODGE, IOWA.CO.-Trolley.

FORT DODGE LIGHT & POWER

Organization— Organized in Iowa. Operates the entire street railway, gas and electric-lighting business of Fort Dodge. Gas franchise
perpetual. Street-railway and electric-lighting franchises are exclusive
and run for 25 years from 1894 and 1898, respectively.
Interest.
Outsland'g.
Date.
Maturity.
Stock
BONDS—

&

Common, $400,000

$200,000
200,000
1st mort., $350,000,) 1903
5 g. F-A
225,000
See text.
gold ($1,000)
Int. at Chicago Title & Trust Co., Trustee.
5
Bonds— The bonds mature in numerical order as follows: $5,000 per
annum for 5 years beginning Feb., 1909; $6,000 per annum for next
5 years; $10,000 per annum for following 5 years, and the remainder
on Feb. 1, 1923. Entire issue, however, may be called on or after
Feb., 1908, at 105 and interest. Of the $350,000. $75,000 have been
issued to refund prior liens and $150,000 used to rebuid existing
property; $125,000 is reserved for future betterments at 90% of cost
Pref., 6 p. c.

$200.000

.

See V. 7«, p. 1248.

after 19o6.

EARNINGS— For calendar year$1903,

gross, $49,889; net, $19,490.
miles of track.
Officers— President, O. M. Oleson; Vice-Pres., Robert Healy; Sec'y.
and Treas., M. F. Healy; Supt., W. M. Healy.—V. 78, p 1167.

Road— Operates 4^

FORT SCOTT, KAN.
THE FORT SCOTT GAS & ELECTRIC CO-Organization— Incorporated in Kansas in 1900 and is successor to
the Fort Scott Electric Light & Power Co.. Citizens' Electrio Street
Ry., Fort Scott Steam Heating Co. and Fort Scott Gas Co.
Date Interest. Outstand'g.
Maturity.
Bonds—
Stock
$H0<>,000
Stock, $300,0i.
($100)
200,000
Apr. 1,1922
1st mortgage, $250,000.) 1903 5 g. A O
Trust Co., Trustee.
gold ($500), s. f
c* 5 Int. at Chicago Title
Bonds—Of the $250,000 authorized, $50,000 are reserved for extensions. Are subject to call on April 1, 1908, at 105 and interest. The
following amounts are payable annually to a sinking: fund: In 1908
and 1909, $3,500 per annum; in 1910 and 1911, S4.000 p. a.; in 1912
and 1913, $4,500 p. a in 1914 and 1915, $6,000 p. a in 1916 and
1917, $7,000 p. a., and from 1918 to 1921, inclusive, $10,000 p. a
Earnings —For calendar year 1903, gross, $53,599; net, $35,540;
fixed charges, $11,148; surplus, $24,392.
Road.— 9 miles of track in Fort Scott. Gauge, 4-ft 45-lb. T-rails.
OFFICERS — Pres. and Mgr., Grant Hornaday; Vice Pres.,C. F.Martin;
Secy., F. A. Hornaday; Treas. and Supt., F. D. Martin. V. 77, p. 1294.

&

&

;

;

FORT SMITH, ARK.
SMITH LIGHT & TRACTION CO-

FT.

ORGANIZATION— Incorporated in Arkansas on April 13, 1903. and Is
a consolidation of the Fort Smith & Van Baren Light & Transit Co.
and the Fort Smith Traction Light & Power Co. Authorized capital
Oct.. 1904, from $300,000 to $1,000,000, of
stosk was Increased
which $250,000 is preferred and a new mortgage of $1,000,000 was
authorized, of which $300,000 to retire prior bonds. See V. 79, p.
2085. In Jan .,1905, stock was again increased, this time to $1,600,000.
Date. Interest. Outstanding. Maturity.
BONDS—
Stock
t
Common, $750,000..;

m

&

_

Stock, Bonds Etc.—

lxxx

Bonds—No sinking fund and bonds cannot be called.
Road.— Is to operate 125 miles of track between Florence and Can-

Hamp.

ness.

V~oj»

Maturity.

Stock, $2,500,000 ($100)
1st mort., $2,700,000, ? 1903
5 g. J-J
22,000
Jan. 1, 1928
gold ($1,000)
Int. atTru8t Co. of America, N. Y., Trustee.
c S

Pref., $250,000 5
Mortgage

p, c...

?

1904

(

\ Central Trust Co., Chic, Trustee.
1903
5g.M-N 300,000 May 1, 1933
1st mortgage, $300,000, g., \
o (Int. at St. Louis-Union Tr. Co., trustee.
($1,000)
Bonds.— Of the $300,000 1st mtg. bonds, $100,000 is held by stockholders as collateral for advances. No sinking fund, but all or any
part of bonds subject to call after one year upon any interest date.
Road— Operates 13 miles of track on 10 miles of streets in Ft. Smith
and suburbs. Standard gauge, 56-lb. and 60-lb. T rail.
OFFICERS— President and Gen'l Mgr., W. C. Lemert, Bucyrus, Ohio;
R G. Hunt. Fort Smith:
Vice-Pres.. Geo. T. Si arks; Sec and Treas.
Supt., G. H. Wilmarth— V. 76, p. 1084, 1143; V. 79, p. 2085.
,

FORT WAYNE,

IND.

FORT WAYNE & WABASH VALLEY TRACTION CO-- A trolley road. (See map on page 773.)

Organiza ION Incorporated in Indiana on May 29, 1903, as the
Fort Wayne Logansport Lafayette & Lima Traction Co., but name was
changed to above on Feb. 17, 1904. Owns the Fort Wayne Traction
Co., the Lafayette Street Ry, the Logansport Ry. Co., tue Loiransporc
Rochester & Northern Traction Co., the Wabash River Traction Co.
and the Wabash Logansport Traction Co. In Oct., 1904, purchased
the Ft. Wayne & Southwestern Tra<\ Co., which had previously acquired the Ft Wayne Electric Light & Power Co. See V. 79. p 1955,
2147. Franchises expire from 1935 to 1991, but some are perpetual.
Chandler Bros. ACo.of Philadelphia offered thebonas for sale in 1905.
Maturity
Ouisiand'g.
Date.
Int.
Bonds— „,
Stock
$6,000,000
Common. $6,000,000, $100

&

Pref.,

see

text,

$1,

1st cons. M.. $7,500 000.
c*
gold ($1,000)

Jenney

El. Lt.

Mtge

l,00c>,000

>

$100

500,000

£'

1904 5g.M-S

$3,510,000

Mar.

1,

1934

Int. at Tr. Co. of No. Ainer., Phila., Trust.

7%

100,000

1908

STREET RAILWAYS.

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MAP OF THE

:

>untingbarg CRAWFO
/

.Aurora-

JEFFERSON

English

Haudstadt

Versailles

iTX

Xi

towi
^fBpownsto^J
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S&^ Ft. Wayne & Wabash Valley
LlE

o

Traction

Company
AND

CONNECTING LINES
Fort Wayne & Wabash Valley Tra
Indiana Union Traction Co.
Indianapolis Traction & Terminal Co.

-

>.

147 Miles.

-01
-

-

147

"

Ft. Wayne & Wabash Valley Traction Co.
E^BBIGEBBB Projected Extension Ft. Wayne <S Wabash Valley Traction Co.
* « ZM Indiana Union Traction !o, (lessee of Union Traction of Indiana).
(

Other Electric Railways.
Projected Electric Railways.

-

.

'

STREET RAILWAYS.

774
Date.
Stock & Bonos—
Wab. Riv. Tr. Co. 1st M. $ 1901

Maturity
'Justanding.
1931.
5g.F-A
$275,000
$350,000, ($1,000) g.,o ( Tnt at N. Haven Tr. Co. N. Haven, Trust
1929.
Ft.WayneTr. M., ($1,500,- 5 1899 4g.A-0
See text.
0C0),g. ($1,000) .. o*l Int. at Guard. TrustCo.. Cleveland, True.
($• ,000 5 1893
225,000 June 1,1913
Laf.St.Ky. 1st M.,
6J-D
0* ( Int. at Real Estate Trust Co., Phila., Trust.
each) $225,000
Stock.— The preferred stoek is 5 p. c. cumulative after Deo. 1,
1906, and may be redeemed after Nov. 30, 1914, at par and unpaid
dividends. See V. 79, p. 2747. Both com. and pref. are listed on Phil.
Stock Exchange.
Bonds— Ol the new mortgage for $7,500,000.$1,91 3,000 are reserved
to retire underlying liens'and the remainder ($2 077,000) for improvements, extensions, etc., at 85 p. c. of co-t, and only when net earnings
are 25 p. c. iu excess of interest charges. See V. 78, p. 2011. The
amount of Ft. Wayne Traction Co. bonds out is $1,308,000, but $1,223,000 of these are on deposit and subject to call or exchange. In
addition to bonds noted above, there are $3,500 bonds of the Logans
port Ry. outstanding. The new consols of 1904 are not subject to
call before maturity. The Wabash River Traction Co. 5s of 1901 are
subject to call at anv time at 105 and interest.
Road— Operates 127 miles of main track in and between Ft. WayneHuntington, Peru, Wabash and Logansport; also the city lines in La"
fayette. An extension to Latayette is proposed. Total track, includ"
ing sidings, 1 47 miles. At Logansport and Peru connection is made
for Indianapolis over the tracks of the Indiana Union Trac. Co. Rails,
60, 70, 72, 80 and 90-lb. Owns 5 power houses and 4 pleasure parks.
Has 81 closed and 8S open cars and 117 mo tor equipments.
Earnings— For the year ending Sept. 30, 1904, gross, $321,582;
net, *293,3S0; fixed oharges, $229,786; surplus, $63,594.
OFFICERS— President, Charles M. Murdook; Vice-Pres., J. Levering
Jones; Secretary, Stephen B. Fleming; Treas Henry C. Paul.
Directors— Randal Morgan, J Leveling .Tones and Bayard Henry
of Philadelphia; Henry C. Paul and Stephen B Fleming of Ft. Wayne;
and James Murdook and Charles M. Murdoch: of Lafayette.— V. 79,

Stock

Interest.

A

,

,

p. 151, 500, 1955, 2147, 2747.

FORT WORTH, TEX.

NORTHERN TEXAS TRACTION CO -A
ey
road.

Street Ry. Co.,
chartered by the Texas Legislature in 1876, for 99 years. In lnOl application for amendment to charter was granted, changing its name to
the Northern Texas Trac. Co. The Traction Co. then purchased the
City Ry., and in 1901 obtained legislative permission to extend itc
road from Fort Worth to Dallas, a distance of 30 miles. In 190'2
purchased the Dallas & Oak Cliff El. Ry. and redeemed that com pany's
bonds; also acquired the Glenwood
Polytechnic College St. Ry.
Date.
Interest. Outstanding. Maturity
STOCK
BONDS—
Q-F
Stock, $2,500,000 ($100)
$2,500,000 Feb.,'05,3»%
2,185,000 Jan. 1, 1933
1st mortgage, $2,500,000 <
$rtf\x Cit'Vs'av & Tr. Co., Cleve., Trustee,
no s.
f...c*.

g.;
j at G uaranty T rust Co Sew Y ork.
\
Bonds— Of the newbonds, $315, 000 are reserved for addt'ns, impv'ts
(

and future extensions. All underlying bonds have been canceled. Are
subject to call on Jan. 1, 1908, on Jan. 1, 1913, and on any interest
date after 1913 at 105 and interest.
Dividends— First dividend of 1^2 p. c. paid Aug. 1, 1903. In 1904*
Feb. 1, 113 p. c; May, % p. c; Aug., S» p. c; Nov., ^ p. 0. In 1905'

\ p. c.
Road and Equipment.— Owns 27^ miles in Fort Worth and a line of
SO miles from Fort Worth to Dallas, which was put in operation on

Feb.,

18, 1902. and 10 miles in Dallas. Total track, 67 *a miles. All
tracks in Ft. Worth have been relaid with 56, 60, 65 and 70-lb. rails.
For interurban use, 70-lb. rail, standard guage.
Report— For 12 mos. ending Dec. 31, 1904, gross, $564,711; net,
$248,181; charges and taxes, $121,043; surplus, $127,138.
OFFICERS— President, George T. Bishop, Cleveland; 1st Vice-Prest.,
John Sherwin. Cleveland; Gen. Mgr., F. M. Haines, Ft. Worth; Sec. and
Treas., Geo. H. Clifford —V. 79, p, 104; V. 80, p. 712.

June

FRANKFORT, KY.

FRANKFORT & VERSAILLES TRAC. CO-

ORGANIZATION— Incorporated in Kentucky on Octo er 26, 1903, and
took over the Frankfort &. Suburban Ry. Has a 100 yei.r franchise
Da>e.
Interest. Outstand'g
Stock
Bonds—
Maturity.
Common. $2^5,000
$225,"
Preferred, $75,000, 4 p. c
75,000
c
1903
100,000.. Deo. 1, 1.923
g. J-D
1st mortgage, $300,000.
Int at Cincinnati "rust Co., Trustee, or
gold ($500, $1,000).. c*;
at North American Trust Co., N. Y.
The Municipal Bond & Securities Co. of Gin. offered $100,000 of the
bonds in Sept., 1904, at par. See V. 77, p. 2389.
Road— Owns 8^ miles of track in Frank fort Extensions (4 miles)
are being built in the city and ultimately to Versailles (12 miles) over
private right of way owned. Equipped for handling treight.

&

Officers— President, John

York; Secre'arv,

FREDERICK, MARYLAND.
FREDERICK & MIDDLETOWN ELECTRIC
RAILWAY-A
trolley road.

Organization— Commenced operation in fall of 1896. The company
In August, 1901, leased the Myersvllle & Catoctin Electric Ry. for 10
years from Feb. 1, 1904, on which date the old lease expired. For
terms of lease see V. 73, p. 287.
Dale.
Interest. Outstand'g.
Bonds—
STOCK
Maturity.
Stock, $100 000
$45,000'
July 1, 1923
120,000
5 1903
5 g. J-J
1st mortgage gold
mortgage,
Maryland Trust Co., Baltimore, Trustee.
}
Bonds are subject to call after 10 years at 1 05.
ROAD— Frederick to Middletown, 9 miles which, with the lease of
the Catoctin <fe Myersville Electric, Myersville to Middletown, 5*8
miles, constructed In 1898, makes a total of 14% miles operated
OFFICERS -President and General Manager. Geo. W. Smith; VicePresident, D. E. Kefauver; Secy., E L Cobleutz.— V. 73, p. 287.

&

;

FREDONIA, N. Y.
& FREDONIA RAILROAD-

DUNKIRK
A
trolley road.

Organization— Chartered April 21, 1864. Company is also engaged
In eleotrio lighting and steam heating, the expenses of these depart
ments being included in the railroad operating expenses and the
ceipts are shown in other income. In June, 1897, purchased Fredonia
Natural Gas Light Co. (capital stock $40,000) and has since operated it.
Authorized stock of this Gas Light Co. was int reased in April, 1903,
to $100,000; only $40,000, however,

)

1891
1898
1902

Maturity.

$173,250
40,000 July 1,1911
21,000 Juiy 1,1911
3».000 July 1,1952

5 J-J
5 J-J
5g. J-J

FREEPORT,

ILL.

FREEFORT RY., LIGHT & POWER COFranchises expire March
Organization—

1,

rangement for 50 years with the Rookford

&

1923.

Has

traffic ar-

Freeport Electric Ry.,
allowing cars of that company to enter Freeport. AIsj has contract
for city lighting.

STOCK & BONDS—
Common, $200,000, $100

Date.

Interest. Outstand'g.

Maturity.

$200,000
Pref, 5 p. c non-cum. )
,
nnn
iou,uuu
\
$150,000, $100.
5 g M-N
Istmortgage, $350,000 >
1903
282,000
See text.
gold ($1.000)
..c* \ Amer. Trust & Sav Bank, Chicago, Trustee.
Bon.s -Interest on the above issue is payable at the offices of
Rudolph Kleybolte & Co. in New York, Cincinnati and Chicago. Bonds
are subject to call alter May 1, 1913, by lot at 105 and interest.
$68,000 are reserved for future improvements at 80 p. c. of cost.
Maturity of the bonds is as follows: $10,000 due May 1, 1908 $5,000
due in each of the years 1910, 1912 and 1913, and $5,000 annually
from 1H15 to 1921, inclusive; the remainder in 1922. A sinking fund
provides for the payment of $2,000 per annum for first 10 years and
$5,000 per annum thereafter.
Earnings— For calendar year 1904, gross, $57,500; net, $19,900.
Road— Operates 8 miles of track 60 and 90-lb. T rail. Standard-gauge.
Officers— President and Treasurer, A. P. Goddard; Vice-President
and Gen'l Mgr., A. J. Goddard; Secretary, W. N. Cronkrite.

FRESLNO, CAL.
FRESNO TRACTION CO.-A trolley road.
Organization— Incorporated in California in 1903 in the interest of
H. E. Huntington of Los Angeles, to build 19d miles of electric railway,
including lines from Fresno to Wawona, 79 miles; Fresno to Selma,
Fresno to Trimmer's Spiings and Fresno to Central and Washington
Colonies. Stockholders in 19^4 authorized a mortgage to secure
$5,000,000 bonds. V. 78, p. 1222.
Maturity.
Date. Interest. Outstanding.
Bonds—
STOCK
Stock, $5,000,000
(?)
frresno City Ry. 1st M., > 1902
6 g, J-J
150,000
Jan. 1, 1922
$150,000,g. ($1,000). c" S Cal. Safe Dep. &Tr.Co., San Fran., Trustee.
Bonds -A sinking fund of $3,000 per annum for first 2 years,
$5,000 per annum for next 5 years, and $7,500 per annum for next 10
years commences on Jan. 1, 1905. Bonds cannot be called, interest
payable in New York and San Francisco.
ROAD—The old Fresno City Ry. operates 15 miles of track in and
about Fresno. Standard gauge. 61-10. T rail.
OFFICERS— President, A. C. Batch: Mgr., A. G. Wishon; Sec W. E.
Durfey, Visalia— V. 76, p. 1192; V. -,7. p. 1746; V. 78, p. 1222.

&

,

GAINESVILLE, GA.
GAINESVILLE road. DAHLONEGA ELEC&
Y — A trolley

TRIC R

Organization.- Incorporated in June, 1901. Is to be operated with
from a water power plant on the Chesatee River midway between the two cities.
electricity

&

Dale.
Interest.
Outstand'g.
Maturity.
BONDS—
STOCK
...
Stock $500,000. $100
..
$250,000
5 g.
250,000
1st mort., $750,000 > 1901
8ept. 1,1941
c* ) Int. at Knickerbocker Trust Co., N. Y., Trustee.
($1,000). gold
Bonds.—No sinning fund and bonds cannot be called.
Road-—Is to run between Gainesville and Dahlonega, a distance of
27 miles, with a branoli of 7 miles iu Gainesville aad to cotton mills,
a total of 34 miles, of which 8 miles has been completed and 15 miles
additional graded.
OFFICERS-- President, Gen. A. J. Warner, Dahlonega; Vioe-Pres., C

MS

M

MerricK; Sec. and Treas., W. A. Oarlisle.— V. 73, p. 615.

GALESBURG,

c. Noel, Frankfort; Vice-President, J. P.

New

Ontstand'g.

lniertst.

S Fidelity Trust Co., Buffalo. Trustee.
Stock.— In April, 1903, was authorized to increase capital stock to
$200,000, the increase to be used in paying stock dividends from time
to time as net earnings are used for improvements.
Bonds— Are subject to call on any interest date at 10 *. $61,000 are
reserved to retire the prior liens. No sink. fund. Mtge. covers $39,500
of the $40,000 stock of the Fredonia Natural Gas Light Co. See V. 75,
p. 1147.
Earnings— For fiscal year ending June 30, 1904: Gross from all
sources), $68,756; net (after taxes), $Z9;131 int., $5,000; bal., $24,131.
DIVIDENDS-— In 1903, 10 p. c. in stock and 9 p. 0. in cash; in 1904,
15 p. o. in stock and 9 p. o. in cash.
Road— Owns 3% miles of single and one-fifth miles of second track
and leases 3H mile*-; total about 7 miles.
Officers.— President, Frank May, Dunkirk, N. Y.; Secretary-Treasurer and 'tanager, Milton M. Fenner. Fredonia.— V. 75, p. 1 147.

&

Amsderj, Versailles Treasurer, A. Norvale,
John T. Buckley, Frankfort —V. 77, p. 2389.

Date.

Istmortgage
2d mortgage
Fund. & ref. M., g., $100,000( $100, 500 * $1,000)

&

.

& Bonds—

Stock, $200,000 ($100>

;

trol-

Organization— This was formerly the Fort Worth

($1,000)

[Vol. lxxx.

is outstanding.
In June, 1903,
leased the Buffalo Dunkirk <te Western RR.'s Dunkirk and Point
Gratiot branch toe the summer season and again for summer of 1904.

ILL.

GALESBURG RAILWAY & LIGHT
and
tion of

CO.-

Maine in 1904,
is a consolidahe Galesburg Electric Motor & Power Co. and the oalesburg

Organization—Incorporated

in

Gas & Electric Light Co.
STOCK & BONDS—

Maturity.
Date. Interest. Outstand'g.
stock, $1,500,000, ($100)
$1,000,000
500,000 July 1. 1934
New Mtge., $l,500,*.00,gold> 1901 5 g. J-J
o$I.nr,. at Portland Tr. Co., Portland, Me..tr.
1,000)
350,000 Apr. J. 1919
G lesb.G.&E.Lt. 1st mtge., i 1899 5 g. O
Portland,Me=.,tr.
$350,000 ($1,000)
J Inc. at Portland Tr. Co.
P., mtge.. ) 1902 5 cur.M-S, 205,000 Sept. 1, 1912
Galesb. E. M.
$205,000, gold ($1,000). c* S Int. at First Nat. Bk., Galesburg, Trustee.
Bonds— The new itSL.-^OO.OOO issue is subjeot to call on any interest
date at 106 and interest; no siulnug fund; •t'555,000 are reserved tor
the prior liens and $141,000 for extensions and improvements. JL. F.
Wertman, President First National Bank, Galesburg, is trustee of
P. Co bond-". These bonds may be
the Galesburg Eleo. Motor
called 3 years after date at 103.
Road—Owns 16 miles of track laid with 60-lb. T rails, in Galesburg;
EU., extending also to East Galesburg and Knoxville; also three extensions aggregating 4 miles built and put in operation in 1900. Total,
20 miles. Operates 42 cars. Will build a new power house to generate
current for both the stree- railway and electric-light plant, and will
also do steam heating, see V. 78, p. 2384.
OFFICERS— President, Geo. F. Duncan; Secretary and Treasurer,
Edward Woodman, Portland, Me.; Manager, H. E. Chubbuck, La Salle.
-V.76, p. fe68; V. 78, p. 2384.
!*.

.

A

&

&

FEOFLE'S TRACTION CO-A trolley road.
Organization— Incorporated in Illinois on May 10, 1901.
Maturity.
Oittsiand'g.
Interest.
STOCK & BONDS- Date.
St'k,

$170,000, $100

1st mort.. $150,0(0
gold, ($100) o.\fcr.

>

$

5 g. M-S
Interest at Farmers'

1902

-•
$150,000
March 1. 1922
150,000
& Meoh. Bank, Galesburg.

Feb.. L90

STREET RAILWAYS.

>.]

Bonds.— Are subject to

oall after

10 years at 105.

L. A.

Townsend

is

STOCK

&

775

BONDS—

Miles. Date.

Interest.

Stk.,$l,500,000,com-

trustee.

mon, $100

Outsl'ing.

Maturity

$1,500,000

Roap- Operates I2i2 miles of track from Galesburg to Abingdon.
Standard gauge, 60-lb. T rail
Pres A. P. Higgins; Vice-Pies S. R. Swansen; Sec Chas. S. Harris;
Treas., J. L. Burkhalter; Gen'l Mgr., T. W. Peterson.— V. 75, p. 1232.

$500,000 ($100)
5%, non-cum

GALION, OHIO.
THE OHIO CENTRAL TRAC. CO.- A
the Poineroy-Mandelbauin roads.
one
Tins

li n ri'nn vVm^' ait*v ^ Interest is paid atEquit.Tr. Co.. Trustee. Phila.
Bond8 ma y Repurchased for sinking fund at 105.
after Apl. '98.
c* )
1st M. Lakeside Ry.,) &l3
1893 4gM-N
$150,000 Nov. 1, 1923
g., $150,000, guar.
Interest at Equitable Trust Co., Phila., Trustee.

,

,

,

trolley road.

of

is

1903, under laws of Ohio
and is a consolidation of the former Ohio Central Traction Co. and the
Gallon Ry.
Mansfield Crestline
Out*ti.nrt'g.
Maturity,
Date. Interest.
STOCK and Bonds

Organization— Incorporated on March

1,

&

—

Common, $750.000

$750,000

400,000
Pref. 5% cum., $400,000 ...
150,000 June 1, 1919
5 g. J-D
1st mort;., $150 000, gold ) 1899
Haveu,Oonn., Trust.
Slnt. N.HavenTr. Co.,
($1,000) c*.nos. f

N

^
C<

mor

i

..

JS 3 nm goia
iV
(!t>WU),

1903

a.Anr.r> nn (
000

$400

5 g.

M-S

250,000. .Mch.

1,

1923

Co., Cleveland,
^ Int. at Cleveland Tr. Commerce, Newtrustee,
York.
or at Nat. Bank of

'

c ^

Bond*.— No sinking fund on either issue, but the consoL bonds may
be called on or after March 1. 1908, upon 30 days notice at 105 and
int. $'.50,000 of consols are reserved 10 retire a like amount of first 5s.
The first mortgage was originally $200,000 authorized, but $50,000
canceled subsequently.
EARNINGS- Year to Feb. 29. 1904, gross, $85,581; net, *38,542.
Road, Etc.— Owns and operates 29 miles of road from Galion to
Buoyrus and from Galion to Mansfield, laid with 60-lb. T rails. The
company also owns and operates Seoeaium Park, containing a theatre,
pavilion, bowling alleys, museum, &o.
Officers— President, F. T. Pomeroy; 1st Vice-President, L. M. Coe;
2d Vice-President, M. J. Mandelbaum; Secretary and Treasurer, L. M.
Wolf; General Manager. Wm. Akins, Galion; Auditor, A. T. Long,
Galion. Gen. offices, 215 Gartteld BTd'g, Cleveland, O.— V. 76, p. 752.

GALVESTON, TEX.
GALVESTON CITY RAILWAY-A trolley road.
the present management.

In June, 1904, control passed to
Organization—Incorporated in Texas in 1900. Deo. 18, 1900, took
over the property of the old Galveston City Railroad, sold at foreclosure, and of the Gulf City Street Ry. & Real Estate Co. Road has
been re-built and a new power house, oosting $165,000, added.
Maturity.
Bate. Interest. Outstanding.
BONDS
STOCK

—

&

common

....
$400,000
400,000 Jan.,'05,2ia%
600,000 Jan. 1, 1941
1st mortgage, $600,000 ? 1900* 5 g. J-J
gold,$l,000
Slnt. at Guaranty Trust Co., N. Y., trustee.
Dividends— First dividend on preferred stock— 5 p c— was paid in
February, 1903. In Jan., 1904, 2 p. o. was paid. In Jan., 1905, 2^s p. c
Road— Embraces 36 miles of track.
1901.
1902.
1903.
REPORT— Tears ending Dec. 31—
Grossearnings
$217,781 $177,273 $123,401
34,643
64,102
57,797
Net
Interest charges in 1903, $30,000 and taxes, $7,575; surp., $26,527.
OFFICERS— Pres., B. Adoue, Galveston; Vice Pres., J. H. Langbehn;
Treas., Geo. R. Turnbull, New York; Sec. and Asst. Treas., A. Drouilhet,
Galveston; Gen'l Mgr., H. 8. Cooper. -V. 72, p. 87; V. 79, p. 151.

Stock,

do

pref.,5p. c.,n. c

GARDNER, MASS
GARDNER WESTMINSTER &
BURG STREET RY.-In

December, 1899,
Gardner Electric Street Ry.; population served 40,000.

Stock

&

«^'n l? nnn° «

g

f'l

by Schuylk. Trac.

New

500,000

1893 5 g A-O

2212

500,000 Apr.

1,

1943

.

...
1901 4isg J-J
105,000 July 1,1951
Interest at Fidelity Trust Co., Phila., Trustee.
Bonds.—The new mortgage is given to retire all outstanding bonds
and to Drovide for improvements, extensions and any purchase of
existing properties. Of the $105,000 reported outstanding, $36,000
are held in the treasury. Bonds are subject to oall at any time at 105
and interest. Sinking Fund of 1 per cent of bonds outstanding becomes operative on Aug. l, 1907.
EARNINQS-For 12 months to Dec. 31, 1904: Gross, $161,188; net,
$57,315; in 1903, gross, $149,362; net, $50,753.
Road— Schuvlkill Traction Division 22^ miles of track, beginning
at Locustdale, thence through Ashland, Holmesville to Girardville,
forming there a Y, one branch running through Lost Creek to Shenandoah and the other branch to Maizeville, Gilberton and Mahanoy City.
Lakeside division, 5^ miles. Total, 28 miles. Extensions of 43 miles
proposed and charters obtained. Operates 32 cars
Officers— Prest., Powell Evans, Phil.; Sec. and Treas.. J. A. MoKee, Phil.; Supt., J. W. S mith, Girardvi lle, Pa.— V. 72, p. 582, 676.

con. M. $2,000,000, $1,000, gold.c*

J

1

GLENS FALLS,

N. Y.

HUDSON VALLEY RAILWAY.-A
Incorporated
August

Organization—

trolley road.

1901, by the PowersColvin Syndicate [in October, 1902, Mr. Powers disposed of his
interest] as a consolidation of the Glens Falls Sandy Hill & Fort
Edward Street Ry., Warren Co. Ry., Stillwater & Mechanicville St.
Ry., Greenwich & Schuylerville Electric RR., Saratoga Traction Co.
and Saratoga Northern Ry., the capital stock of these roads being exchanged for stock in the new comany. See Chronicle. V. 73, p. 391.
Has contract with the United Traction Co. giving it permission to run
cars over their tracks iuto the cities of Albany and Troy. Carries
freight and express as well as passengers.
In April, 1903, leased the North River Ry. Co a road operating in
Saratoga to a connection with the track of the Hudson Valley Ry., for
4*ifl years from July 1, 1903, at 4 p. c. on the $200,000 capital stook.
The stock of the North River Ry. is all held in a voting trust in the
interest of the Hudson Valley Ry. The North River Co. bonds are
guaranteed, principal and interest, by the Hudson Valley Ry.
Date.
Interest.
Outstanding. Maturity.
BONDS—
STOCK
8t'k,$3,000,000,par$100
$3,000,000
„
lf-01
5g. J-J
3,518,000 July 1, 1951
New Con sol. Mortgage,
Int. at Merchants' Tr. Co., N. Y., Trustee.
$4,000,000 ($l,000)g.c
15,

,

&

Maybe

North River Ry, 1st M.

fftar.-prW

M)^.

)
1

J

called at 110 <fe int. on any int. date.
1903 5 g. J J
$200,000 Jan. 1,1952
<*en. Fails Trust Company: TrusTeeT
.

Underlying Liens —
GF.S.H.'&F.E.lstM. (no) 1891

6 J100,000 July 1,1911
Central Trust Co., N. Y., Trustee.
1893
6 J-J
50,000 July 1, 1913
do. 2dM. ($500) g.o.
Int. at Glens Falls Trust Co., Glens Falls, Tr.
1901
A-O
82,000 Apr. 1, 1921
5
v
>
do so. jm.($150.ooo)
ao. 3dM CB150 000il
May

op.) ($500&$l,000).g.o.

5

be called at 100 Qn AprU
QQ2
1893
6 A-O
47,500 Apr. 1, 1913
£ Bank of D. Powers & 8ons, T ro y, N. Y., Tr.
1898
202,500 Apr. 1, 1913
cons. $2^ 0,000
Glens Falls Trust Co., Glens Falls. Trustee.
Loans June 30, 19<;4
-771,862
Bonds.—Of the$4,000,000 mortgage of 1901, $482,000 is set aside for
prior liens. See V. 73, p. 1160, 1207.
REPORT.—For fiscal year ending June 30, 1904, gross, $465,219;
net, $90,243; other income, $23,454; total income, $113,697; fixed
j

FITCHabsorbed the

Bonds—

Date.

Interest.

Outstanding.

Maturity.

$185,000
Feb. 1, 1920
150,000
g.
c* S Int- at Mercantile Trust Co., Boston, trustee.
$150,000, g
Road— Owns 12 miles of main track from Gardner, through South
Gardner and Westminster to Fitchburg, where connection is made
with the Fitchburg & Leominster Street Ry.; also constructed a branch
line to Wachusett Lake, which was opened for traffic on May 26,
1900, but is operated as a summer branch only. Total, 16 miles.
Earnings -For year ending Sept. 30, 1904, gross, $61,178; net,
)

1900

5

F.-A.

$22,516; charges, $15,061; surplus, $7,455.
OFFICERS— President, Frederick S. Coolidge, Fitchburg; Vice-Pres.,
E. F. Blodgett, Leominster; Sec'y, Treas. and Gen. Counsel, James A
Stiles, Gardner; Asst. Treas., Walter E. Dame, Clinton.— V. 69, p. 1247.

GENEVA,

N. Y.

GENEVA WATERLOO SENECA
&
CAYUGA LAKE TRACTION-Trolley. FALLS the
Chartered March
consolidation of

18, 1895, as a
Organization—
Geneva Waterloo and other companies. The new company owns the
Cayuga Lake Park property of 50 acres. —V. 60, p. 562.
Interest.
Date.
Outslan'g.
Maturity.
STOCK & BONDS—
Com. stock, par, $100
$350,000
100,000
Pf stock, $100,000, $100
4 g. A-O
436,500 Apl. 1, 1920
1st mort., $500,000 ($500 ) 1895
and $1,000) gold
o* $ Int. at West End Trust Co., Phila., trustee.
Bonds—$63,500 of bonds are unissued. Interest or. bonds was
formerly 6 per cent, but in 1900 rate was reduced, by consent of
<fe

.

bondholders, to 4 per cent

Road—The road extends from Geneva to Cayuga Lake Park through
Waterloo and Seneca Falls, 17 miles; sidings, % miles. An extension
to Auburn, 13 miles, is proposed. Rails 70-lb girder and 60-lb. TTrack standard gauge. Operates 25 oars, 1 snow plow, 1 sweeper.
Earnings— For fiscal years ending June 30:
Tear.

($

I
5

& Mech. 1st M
Still. & Mech. 2d mtge

S

Still.

6AO

1

Stock, $185,000 ($100)
1st mortgage ($1,000)

Gross.

Xet.

Other Inc.

Int.

Taxes.

Surplus.

$397
$28,087
$17,630
S7,554
$3,250
31.932
402
17,817
2,835
11,682
Officers— Pres., Isaac M. Thomas, Wilkesbarre, Pa.; Vioe-Pres.,
W. S. Grant Jr., Philadelphia, Sec, Treas. and Gen. Mgr W. C. Gray,
Seneca Falls; Supt., Howard Gray, Waterloo.— V. 60, p. 562.
1904
1903

lS

<

pf.

$78,178
72,614

,

GIRARDVILLE, PA.

SCHUYLKILL TRACTION CO.-A trolley road.
Organization—Chartered Sept. 26, 1892, in perpetuity, under the
Motor Traction Act of March 22, 1887. Road opened June 1, 1893.
On Jan. 6, 1893, leased for 999 years the Mahanoy City Shenandoah
Girardville <fe Ashland Street Railway. On Oct. 5, 1893, leased for
999 years the Ashland Locustdale & Centralia Elect. Ry. Owns all
the stock of these two roads, which is pledged under the first mortgage.
On April 27, 1900, leased for 999 years the Lakeside Railway, whioh
connects the two ends of the company's routes from Mahanoy City to
Shenandoah and purchased 2,600 of the 5,000 shares of the capital
stock. On Jan. 24, 1901, leased the Shenundoah & Pottsville Street Ry.
for 999 years (incorporated Aug. 1, 1900), from Pottsville to Shenandoah, 13 miles, and bought all its capital stock. The Lakeside and
Shenandoah & Pottsville stock are pledged under'consol. mort.

'

charges, $244,708; deficit, $131,012.

Road-—Main line extends from Albany and Troy northward along
Hudson through the villages and towns of Waterford, MechanioGreenwich, Fort Edward, Sandy Hill,

the

ville, Stillwater, Schuylerville,

Glens Falls and Caldwell to Warrensburg. The Saratoga division,
which branches ofl from the main line at Mechanicville, provides a
line from Albany and Troy to Round Lake, Ballston and Saratoga,
with a branch from Saratoga Springs to Glens Falls, via South
Glens Falls, which branch iu June, 1903, was completed. Total
main line 119 miles, of whioh 85 miles is over private right of way;
sidings, 6-68 miles; operated under trackage rights, 23-37, making a
total of 13410 miles of track. Rails 60, 70 and 80 lb. T. Standard
gauge. Operates 150 cars, including 7 snow plows, 2 electric looomotlves and 8 express cars. Company owns Kaydeross Park, at Saratoga
Lake; Ondawa Park, between Greenwich and Schuylerville; Fort
William Henry Park and the new Fort William Henry Hotel at Lake
George.
OFFICERS— Chairman Ex. Com. John W. Herbert, New York; President and Gen'l Mgr., A. B. Colvin, Glens Falls; 1st Vice-President,
John W. Herbert. New York; Treasurer. F. L. Cowles, Glens Falls;
Secretary, W. L. Kiley, Glens Falls— V. ^7, p. 146, 349, 451, 950

GRAND

RAPIDS, MICH.

GRAND RAPIDS RY-—Trolley and

third

rail.

Organization, Etc.—In April, 1900, was incorporated as a successor company to the Consolidated Street Ry. and the North Park
St. Ry., and owns all the street railway properties of Grand Rapids
and vicinity. Franchises expire in 1919, in 1920 and in 1921.

STOCK

& BONDS—

Date.Interes

Stock.com., $2,000.000<$100)
Pref., $2,000,000
p.o. ($100)..

cum. 5?
I

Outstand'g.

$2,000,000

„ „
Q~ F

Maturity.
....

...

nnnnn ™ v.
1,500,000 Feb.,'05,li4%
,

~

Gr. Rap. Ry. Co. l8tM....c/ 1900 5 g J-D 2,885,000
June 1.'16
$3,500,000. gold, $1,000.. \ Int. at N. Y. security <te Tr. Co., Trustee.
Bonds, Etc.—Ot the new mortgage for $3,500,000, $615,000 is
reserved for permanent additions and improvements, and can only be
issued for 85 per cent of the cost, and only "when the net earnings of
the company for tbe preceding year are equal to, or exceed, double the
interest charge on the total amount of bonds outstanding, including
those to be issued." Sinking fund becomes operative on Oot. 1, 1905,
payable 1 per cent of bonds out up to Oot. 1, 1910, then 2 per cent m>
to 1915. (See V. 70, p. 1149.) Bonds cannot be oalled. See V. 72,
p. 1 187. Bonds are listed on New York Stook Exchange.
Dividends Dividends on preferred stock are cumulative and 1H p. c.
quarterly has been regularly paid up to and including Feb., 1905.
Road—Owns and operates 57-339 miles of track. 127 motor oars.
Earnings—The earnings of the property for the years ending Deo.
31 are as follows, the interest shown boing the present fixed charge.
Tear.
Gross-.
Int. <£ taxes.
Net.
Surplus.
1903
$362,583
.,$716,721
$178,475
$184,108

—

1902

616,365

309,396

171,474

137,922

.

STREET RAILWAYS.

776

OFFICERS— Pres., Clarence M. Clark, Phil.; Vice Pres., Lester J.
Rindge, Grand Rapids
Sec, Treas. and Gen. Man., B. S. Hanchett,
Grand Rapids; Asst. Sec, C. FordStevens, Phil.—V.78, p. 45, 287, 702.

[Vol. exxx.

OFFICERS— President, Fred'k
Jr.;

Superintendent,

J.

;

MUSGRAND RAPIDS GRAND HAVEN &President
system. The
road. Third
KEGON RYD. Hawks,
President
the Detroit Ypsilanti Ann Arbor &
Eleotric

J.

is

also

GREENVILLE,

GREENVILLE TRACTION

rail

of

Organization— Incorporated
Date.
Stock & Bonds—

Jackson Ry.

ORGANIZATION-— Incorporated In Michigan on March 6, 1899, to build
an electric road on fenoed right of way, connecting the three cities named
in the title, a total distance of 48 miles. The road was entirely completed and put n operation about May 1, 1902. The Westlnghouse
Company owns 90 per cent of stock. Thirty-year franchises In all
towns through which it passes; otherwise private right of way.

&

Outstanding.
Maturity.
Stock, $1,200.000
$1,200,000
July 1, 1926
1.500,000
1st mort., $1,500,000) 1901
5g. J J
.c* S Int. at Standard Trust Co., New York, Trustee.
($1,000), gold
Bonds— The interest on outstanding bonds is guaranteed for 5 years
by the Security Investment Co. of Pittsurgh. See V. 76, p. 479.
Road Extends from Grand Rapids in a northwesterly direction to
Muskegon, with a branch to 8pring Lake and Grand Haven. Total
track, 48-13 miles; 70-lb. T rail. Operates 15 passenger, 3 express and
one work car. Road also does a freight business.
Officers— President, James D. Hawks, Detroit; Vice-Pres. and
Gen'l Mgr., »V. K. Morley, Grand Rapids; Sec, Wallace Franklin, Detroit; Trea9., Carl M. Vail, New York; Auditor, Kirk Lathrop, Grand
Rapids— V. 71, p. 437, 1219; V. 72, p. 1187; V. 76, p. 479.

STOCK

BONDS—

Bale.

Interest.

. .

—

GRAND RAPIDS HOLLAND
RAILWAY

& CHICAGO

Organization— Incorporated in Michigan in July, 1904. and is a
reorganization on Aug. 1, 1904, of the Grand Rapids Holland & Lake
Michigan Rapid Ry. See V. 79, p. 627.
Date. Interest. Outstanding. Maturity.
BONDS—
STOCK
$850,000
Pref., $850,000. 6 p. o

&

Common, $500,000

500,000
1900 5 g. F-A
1,389,500 Aug. 1, 1920
$1,500,000, gold c$500 Vint at American Tr. & Sav. Bk., Chicago,
Trustee, or at Guaranty Trust Co.. N Y.
>
&$1,000)
Bond*— $110,500 of the bonds are held in treasury for improvements, etc A sinking fund is provided of $5,000 per annum for first 5
years, $10,000 per annum for second 5 years, $15,000 yearly for third
5 years and $25,000 per annum for fourth 5 years. Bonds are not
1st

mort G.
,

subject to

R.

H.

& L.M., )

call.

miles of track from Grand Rapids through
Holland to Macatawa and Saugatuck, with steamer connection at
Holland lor Chicago.
Officers— President, Geo. Hendrie; Secretary and Treas.,Strathearn
Hendrie.— V. 75, p. 1301; V. 78, p. 702, 768; V. 79, p. 627.

TRACK—Operates 75

GREAT FALLS, MON.
GREAT FALLS STREET RY.-The property of
road was sold at foreclosure in February, 1904, and purchased

this

by
John D. Ryan, President Daly Bank & Trust Co., who is now sole
2 3 miles of
owner of it. No bonds or other Indebtedness. Comprises 8
track; E.

I.

Holland, Manager.

GREEN BAY, WIS.
FOX RIVER ELECTRIC RAILWAY &
Trolley.

POWERThis
a

reorganization of the Fox River Electric, sold at foreclosure
is
Jan. 14, 1899. (V. 68, p. 129.) In October, 1899, purchased the McCartney Street line. Population served about 45 00<.
Date. Interest. Outstand'g.
Maturity.
STOCK AND BONDS.
$20,000
Com., (par $100), $25,000
125,000
Pf. 5% cum. ($100), 125,000
5 g.
115,000
July 1, 1919
M. g. (par $50, $100, $500), < 1899
Interest at Milwaukee Tr. Co., trustee.
$150,000
I
Earnings —for calendar years:
Grots.
Operating *xp.'
Year.
Net.

$86,689

$68,092
$18,597
74,480
51,291
23,189
ROAD— Owns and operates all lines in the City of Green Bay; also
a line from Green Bay to De Pere City, and branch to Duck Creek,
and a line from Green Bay to West De Pere, Little Rapids, Wrightstown and Kaukanna; total 40*78 miles. 45 and 78- pound rail; 22
motor cars, 12 trailers. Further extension from Green Bay to Manitowoc are contemplated.
OFFICERS—President, A. M. Murphy, Green Bay; Vice President,
W.P.Wagner; Secretary, B. L. Parker, Green Bay; Treas., F. E.
Murphy; Gen. Man., Geo. W. Knox, Chicago; Supt., M. J. Kinch.— V.

1904
1903

Stock, $500,000. $100

IstMtg $250,000,
,

($1,000

& $500)

by same interests as GreenFalls St. Ry. and Northampton
Amherst St. Ry
See the latter for proposed consolidation.
Date Interest. Outstay d'g.
Bonds—
Maturity.
STOCK
$180,000
Stock, $180,000 ($100)
1903 5 g JJ
July 1, 1923
150,000
1 st
nrt
$150 000 s ( Int
at Mercantile Tr. Co., Boston, Trust.
,*Hnn l^ri $500.
&1
o
($1,000 and «500
Is

field

an Independent

& Turner's

&

&

MM

m

-

-

No 8 t and bond8 cannot be oaUed
I
Bonds— See V. 78, p. 102.
Earnings— For fiscal year ending Sept. 30, 1901, gross, $50,753;

net, $19,951; charges, $28,081; deficit, $8,130.
Road— Has 23 miles of standard gauge road between Greenfield and
Northampton, of which 15 miles owned and 8 miles trackage under 20Turner's Falls St. Ry. and Northyear agreement with Greenfield
ampton & Amherst St. Ry. Kails, 60-lb. T.
Officers— President. F E. Pierce: Sec. and Treas , D. P. Aberoromble Jr.; Supt, J. A. Taggart.— V. 77, p. 2098, 2390; V. 78, p. Iu2.

&

GREENFIE L D & TURNERS FALLS
STREET RAILWAY.—A trolley road.
Date.
STOCK

&

BONDS—

Interest.

Outstanding.

Maturity.

$130,000 5% 1903 04
5 g. J&D
82,000 June 1. 1916
5 1896
^Interest at Beacon Trust Co., Boston,
fund
48,000 June 1,1923
Cons, mort., $130,000, golds 1903 5 g. J AD
c'Hnt. at Beacon Trust Co., Boston, Trus.
($500, $1,000)
Bonds—The 1st mortgage (originally $100,000) provides for the
payment of $2,000 annually from 1897 to 1915, inclusive, at a premium. Sufficient of the consols are reserved to retire the first mortgage bonds at maturity.
Road— Greenfield to Cheapside, Lake Pleasant, Miller's Falls, Montague City and Turners Falls; total track, 17^ miles.
Earnings— For year ending Sept. 30, 1904, gross, $65,703; net,
$19,265 fixed charges, $12,4=16 dividends, $6,500; surplus, $349.
Stock, $130,000, ($100)
1st mortgage, gold, sinking

;

;

..

cur.
.

S

1901

.c* \

Int.

Seo'y, H.

Dawes,

Bayard Hodge;

all of

S. C.

CO.-A

trolley road
in South Carolina on Sept. 7, 1899.
Interest. Outstanding.
Maturity.

$306,000
250,000
Feb. 1, 1931
at Girard Trust Co., Phila., Trustee.
5 F.-A.

Road.— Operates 13 miles of track.
Officers— President, Joseph S. Keen

Jr.; Vlce-Pres., Harold P.

Keen;

M. Bunting; Manager, J. H.
Philadelphia; Superintendent, G. H. Rettew, Greenville.
Treas., Geo.

HACKENSACK,
NEW JERSEY & HUDSON N. J.
RIVER
FERRY CO.-

RY- &

Organization— Incorporated at Trenton, N. J., on Feb. 27, 1900, as
a consolidation of the Bergen County Traction Co. and the Ridgefield
and Teaneck Ry. Co. See V. 70, p. 430. This company owns the entire
capital stock of the Riverside & Fort Lee Ferry Co. (owner of the
West 130th Street Ferry), the Highland Improvement Co., and leases
the Hudson River Traction Co., which see below.
Date. Interest. Outstanding. Maturity.
Bonds—
Stock
Stock, common $5,000,000
$1,000,000

&

8t O

P

$750 00 06 P

^

f

*.
65 °.° 00
Seebelou,.
;.°.1
:
.
c u^\
.
1st mort!,' *$5,6()6j6b6* gold S 1900 4 g. M-S
1,658,000 Mar. 1, 1950
\Int. at U.S. Mtge.&Tr. Co., N.Y., Trustee.
($1,000) o*

'Other dents" Dec. 31, 1903
364,450
..
Bonds— Of the original $1,500,000 bonds, all except $119,000 have
been exchanged for new 4s and canceled, and these are now being exchanged. Bonds can be called on and after March 1, 1905, on any
Interest day, at 105 and interest, upon six weeks' notice.
Dividends— The first dividend of 5 per cent on pref. stock was paid
on Feb. 15, 1901. In Feb., 1902, 6 per cent was paid. In Feb.. 1903. a
scrip dividend of 6 per cent was paid. In Feb., 1904, the 1903 scrip
dividend was paid in cash and a new scrip dividend of 6 p. c. paid.
Earnings— For calendar year 1903 gross (including other income)
$199,881; operating expenses, $83,276; net, $116,605.
ROAD— Owns and operates 20 miles of road from West 130th St., New
York City (terminal at Edgewater), to Englewood, Hackensack and
Paterson. The Hackensack line was opened on June 21, 1900. Extension to Areola and Paterson of 5 miles was completed and put in
operation April 1, 1903; the oar^ of this company operating to Main
and Broadway, the business centre of Paterson, under trackage rights
from the Public Service Corporation. During 1902-1903 the property
of the Ferry Co. was reconstructed, new ferry boat built ana new
ferry house erected.
OFFICERS— Pres. A. Merritt Taylor; 1st Vice Prest., W. H. Clark;
2d Vice-Prest. & Gen'l Manager, F rank R. Ford, 24 Broad St., N Y.;
Secretary and Treas., W. N. Barrows. General offices, Edgewater, N.J.
V. 72, p. 242; V. 75, p. 1202; V. 77, p. 2390.

—

HUDSON RIVER TRACTION-

ORQANIZATION— Incorporated in New Jersey on Maroh 22, 1902.
Control of stock is owned by the N. J. & Hudson River Ry. & Ferry Co.,
which leased this company on July 1, 19<H, unti March 1, 1950, rental
being net earnings of the lessor company. On Sept. 1, 1903, purchaeed
at foreclosure sale the Newark & Hackensack Traction Co. and took
possession of the property on Sept. 25.

STOCK

&

Bonds—

Date.

Interest.

Com., $1,000,000, ($100)
Pref. 4% none

Outstanding.
$1,000,000

Maturity.

$.^00,000
235,100
364,000 Mar. 1, 1950
1st mort. $1,000,000, gold J 1902 5gM-8
Tr. Co., N.Y., Trustee.
5 Int. at U.S. Mort.
($1,000)
Bonus— Are subject to call on any int. date at 110. No sinking fund.
Road— Owns and operates 16*9 m. of track from Hackensack through
Hasbrouck Heights, Woodridge and Rutherford to Arlington, where
through connection to centre of Newark is made over the tracks of the
Public Service Corporation. On May 16, 1904, opened a new line from
Hackensack via Hasbrouck Heights to Passaic and from Lodi to Passaic, operated in conjunction with the Public Service Corporation.
EARNINGS— Including old Newark <£ Hackensack Traction for S month*
for year ending Deo. 31, 1903, gross, $42,907; expenses, $38,569; surplus, $4,338.
Gen. Mgr.
OFFICERS— President, A. M. Taylor, Phila.; Vice-Pres.
Frank R. Ford, 24 Broad St.. N. Y.; Sec <fe Treas., Wm. N. Barrows
Edgewater, N. J., General Offices, Edgewater, N. J V. 78, p. 47.

&

&

—

HAGERSTOWN, MD.

68, p. 129.

GREENFIELD, MASS.
GREENFIELD CO.
RY DEERFIELD & NORTHAMPTON ST. road, though owned

E. Pierce; Treas., D. P. Abercrombie
A. Taggart.— V. 77, p. 1225, 2098.

HAGERSTOWN RAILWAY.-A
Chartered March

trolley road.

12, 1896, in perpetuity. No longer
has city contract, but furnishes commercial eleotric lighting.
Interests Identified with this company in July, 1901, purohased a
majority of the stook and all of the bonds of the MyersvUle & Catootin
Electric Ry., but shortly thereafter directors of the latter made a new
lease of the road to the Frederick & Middletown Eleotrio Ry., which

Organization—

see on a previous page.
BONDS—Capital stook, $200,000; par, $50. First mortSTOCK
gage is for $200,000 gold 6 p. o. bonds, dated 1896, due May 1, 1916,
Interest, Q.-F., at Commonwealth Trust Co., Harrisburg, Pa.
Road— Hagerstown to Williamsport and Funkstown, 13 m. of track.
Under the name of the Hagerstown <fc Boonsboro Ry. Co. an extension of 10 miles was built in 1902, Funkstown to Boonsboro. The
Hagerstown & Boonsboro has $120,000 stock and $120,000 bonds. An
extension of 7% miles was completed in Dec, 1904, from Boonsboro
across South Mountain to Meyersville, where connection is made
Middletown Railway, thus completing a
with the Frederick
through line from Hagerstown to Frederick. This extension was
built by the Hagerstown A Meyersville Ry., whioh in Sept., 1904,
made a mortgage for $125,000. Total track, 30% miles.
OFFICERS— President, Christian W. Lynch; Treasurer. Wm. Jennings;
Sec. and Supt., W. C. Hepperle.

&

&

H AMMOND, IND.
HAMMOND WHITING & EAST CHICAGO
ELECTRIC RAILWAY-A
trolley road.

Franchise expires in 1954.
Controlled in interest of South Chicago City Ry. V. 62, p. 86.
Maturity.
Miles. Date. Interest. Outstand'g.
STOCK—
23
See text.
Q-J
$510,000
Stock, $1,000,000 ....
Dividends.— 6 per cent per annum Is being paid.
Road— Owns 23 miles of track, extending from State line to Whiting,
East Chicago and Hammond, and operates in connection with South
Chicago City Ky. to 63d St. and Madison Ave. in Chicago.
Officers— President, D. F. Cameron, Chloago; Vice-President. D. M.
Cummings Secretary & Treasurer, O. S. Gaither.— V. 79, p. 108.

Organization—Chartered

;

in

1892.

777
STREET RAILWAYS.
FARMINGTON STREET RAILWAY.-Trolley.
HARR1SBURG, PA.
the Hartford & West Hartford Horse RR.
Organization— This
PENNSYLVANIA TRAC- CO-CENTRAL
foreclosure August
899. New company organized, and besold
Pennsylvania
June,
with
Feb., L905.J

is

in
1903,
ORQANIZATION— Incorporated In
82,100,000 capital, (10% paid in) and leased the Harrisburg Traction
rental of 6 per cent. The
Co. and subsidiary lines at a guaranteed
Harrisburg Traction Co. stockholders were allowed to subscribe for
the new stock, share for share; lias no bonds. On Oct. 17, 1903, ao-

quired a majority of the $200,000 stock of the Peoples' Bridge Co.
The Linglestown & Blue Mountain Ry. Co., whioh is controlled
tarough stock ownership, was put in operation to Lingle«town on
July 1,1901. This company will issue $105,000 bonds on April 1
1905, which will be held by stockholders of Central Penn. Traction
EARNINGS— For fiscal year ending June 30. 1904, gross, $522,022
net, $244,023; rentals, taxes and interest, $1»4,357; surplus, $49,666OFFICERS— Pres., F B. Musser; Vice-Pres., B. F. Myers; Sec. &Treas.,
W. J. Calder.-V. 77, p. 195, 400, 950; V. 79, p. 626.

(1) HARRISBURG TRACTION—A trolley road.
In June, 1903, was leased to the Central Pennsylvania Traction Oo.
at 6 p. o, on stock. A stock dividend of 5 per cent was paid at that
time, increasing outstanding stock to $2,100,000.
Last Div.
Par. Date. Interest. Outstand'g.
BONDS—
STOCK
Harrisburg Traction,
Text.
$2,100,000 See text
50
stock, $2,500,000...
1894 6g.M-N
75,000 May 1,1924
Citizens' Passenger— $
1st M., $75,000, gold < Int. at Com'wealth Guar. Tr. Co., Harrisburg
Leased to E. Har. Pass. By.—
25
12 J$125,000 Lease rent
Harris. City Pass. stk..
100,000 Lease rent
10 J-J
MiddletownH.&S.stk.
50
The Traction Co. holds In its treasury $700,000 (all) stock of the East
Harris. Pass. Ry. and $235,000 (all) of Citizens' stock. V. 60, p. 873.
DIVIDENDS— The dividends in February and August, 1899, aggregating 4 per cent, were paid in stock, the money being used in reducing
floating debt. Dividend period changed to quarterly, and 1 per cent
paid in cash Oct., 1899. In l!>00, 4 p. o. Dividends again changed to
semi-annual and 2^ p. o. p lid Feb. 1, 1901. and 2^ p. o. on August. 1.
In 1902, 5 p. o. In 1903, 6 p. c, also scrip dividend of 5 p. c. on Aug. 1.
In 1905, Feb., 3 p. o.
In 1904, 6 p. c
Road—Leases and operates 47 miles of track as follows : East Harrisburg Passenger, 24 miles; Citizens' Passenger, 6 miles; Harrisburg City Pass., 5 miles; Middletown Highspire & Steelton Pass., 12 m.
OFFICERS— Pres., Edward Bailey; V.-Pres., B. F. Myers; See and
Treas., W. J. Calder; Supt. and Pur. Agt., F. B. Musser.— V. 77, p. 196.

&

VALLEY TRACTION CO-A

trolley road.

understood to be controlled by the Cumberland Valley RR.
Organization.— Incorporated In Pennsylvania on Nov. 18, 1903, and
leases the Harrisburg <fe Mechaniosburg Electric Railway Co the
White Hill <fe Mechanicsburg Electric Ry., the West Fairview & Marysville Electric Ry., the Fairview & Riverton Passenger Ry., the Carlisle
& Mechanicsburg St. Ry, the Camp Hill & Harrisburg Pass. Ry., the
Harrisburg & Riverton St. Ry. and the United Electric Co.
Is

,

STOCK & BONDS—
Common, $500,0u0, $50

Date.

Interest.

Maturity.

Outstand'g.

$500,000
35'V'5
555,500 Oct.1,1933

Pref.,$500,00o,5%n.c.,$50
1903
5g. A-O
1st mtge., $700,000, gold \
($100 & $500)
c* {Int. at Farmers' Tr. Co.. Carlisle, Pa., Tr.
Sep., 1914
144,500
H.&M. 1st M., $224,000, g. 1894 6 g. M-S
Interest is payable at office of trustee, the Harrisburg Trust Co.
Bonds.—Val. Trao. bonds are subjeot to call after Oct. 1, 1908, at
110. A sinking fund of $5,000 per annum commences Oct. 1, 1908.
Earnings— For calendar year 1904, gross, $127,539; net, $42,654;
taxes and charges, $42,C62; surplus, $592.
ROAD. - Operates 38 37 miles of traok from Harrisburg to Fairview,
Marysville, Riverton, New Cumberland, White Hill, Camp Hill, Shlremanstown, Mechanicsburg, Boiling Springs and Carlisle. Gauge, 5 ft.
2 in.; 50 and 100 lb. girder and T-rail.
OFFICERS— President, M. O. Kennedy, Chambersburg; Sec.-Treas.,
W. L. Ritchey, Chambersburg.— V. 78, p. 1393.

in

1,

1

gan business on Oct. 19, 1899. Old bondholders received stock
exchange for their bonds. No bonds now.

STOCK

&

BONDS-

Par.

Interest.

$100

Stock, $189,000

in

....

Dividend.

Outstanding.

$189,000 (& 6 paid)
ROAD—Operates 15 miles of track laid with 56-pound T rails, 11
miles of which it owns and upon 4 miles it has trackage rights.

EARNINQS-For year ending June 30, 1904, gross, $48,756; net, $2,058. other income, $94; total income, $2,152; taxes, $761; surplus,
$1,391.
Officers— President, Henry A. James, Lakewood, N. J.; Vica
President, D. Newton Barney, Farmington; Secretary, Treasurer and
Gen'l Mgr., E. D. Robbins, Wethersfleld, Conn.— V. 69, p. 283.

HAVANA, CUBA.

Population in 1899 was 242,000 and in 1902 275,000.

HAVANA ELECTRIC

RY. -A trolley road.

Organization—This company was incorporated in New Jersey on
Jan 6, 1899, for the purpose of acquiring the Havana City Ry. & Omnibus Co., which was organized in 1876. Franchise runs until 1958.

Company has

also the right to carry freight over parts of the system,
in addition to its own 42-69 miles of track owns entire ($2,500,000) stock of the Insular Ry., whioh has constructed a road, 8-12 miles,
from Havana to Marianao. The Insular Ry. Co. has no bonded debt.
Date.
Interest.
Outstand'g.
Maturity.
BONDS—
STOCK

and

&

Com., S7," 00,000, i. p
$7,500,000
Prf.6%non-o. .$5,000,000
5,000,000
Consol M., $10,000,000, ) 1902 5 g. F.-A.
8,250,000 Feb. 1,1952
Kold ($1,000), s. i. . c* $ Central Trust Co., New York, Trustee.
Bonds— Of the $8,250,000 outstanding, $6,600,000 was reserved to
retire $6,350,000 prior liens (of which over 80 per cent has been
exchanged); $1,750,000 are reserved for future corporate purposes. A
sinking fund of $52,800 per annum commences Jan. 1, 1906, on the
outstanding $8,250,000 bonds; and if any additional bonds are Issued
sinking fund is to be increased correspondingly. Bonds may be called
for sinking fund after 1906 at 105, and entire issue can be redeemed
at 105 and interest on any interest day on and after Feb. 1, 1907, upon
six months' notice. See V. 74, p. 1251. Interest since Feb. 1, 1903.
has been deposited in a speoial fund, and current interest is being deposited weekly.
Earnings— For the calendar years (in American currency). Report
for year 1904 was given in full in V. 80, p. 657.
1904.
1903.
1 902
Passenger earnings
$1,247,486
$1,080,319
$864,865
23,139
Other income
22,779
7,407
.

Gross income
Operating expenses

$1,270,625
709,408

$1,103,098
641,832

$372,272
559,429

$561,217
423,608

$461,266
412,440

$312,843
334,704

Netearnings
Interest, taxes, etc

>

#

HARTFORD, CONN.
HARTFORD MANCHESTER & ROCKVILLE TRAMWAY COIncorporated
Connecticut on June
Organization—
STOCK & BONDS—

in

Date.

6,

Interest.

Outstand'g.

1894.
due.

When

Stock $500,000 (par $100)
$300,000
200,000
1st M., $300,000 ($1,000). g. 1894 5 A-O
Oct. 1, 1924
ROAD—Operates 18-75 miles of track, extending to Manchester, Tal-

and Rookville. 56 lb. T rail, 43 cars.
EARNINGS—Twelve months ending June 30, 1904, gross, $139,704;
net, $30,197; interest and taxes, $18,229
surplus, $11,968.
OFFICERS—President, M. S. Chapman; Vice-Pres. and Treas., R. O.
Cheney; Sec, Chas. Sloan, all of South Manchester, Conn.

ootville

;

HARTFORD STREET R AIL W A Y-A

trolley road.

Organization— Incorporated on July l, 1862, as the Hartford A
Wetherslield Horse Ry., and changed to present title on Oct. 4, 1893
In Jan., 19u5. petitioned the legislature for an increase of its authorized stock from $2,000,000 to $5,000,000. V. 80, p. 600.
Date. Inter' t. Outstanding. Last div., <t:c.
STOCK & BONDS
Stock ($2,000,000, par $100)
6 Q- J $1,000,000 Jan., '05, \*z%
E
Dec. 1, 1927
200,000
\ ^97 5 J-D
Sa?:,^! Diet lloo™?
New 1st mort., $3,000,000 > 1900 4g. M-S 2,500,000
Sept. 1, 1930
gold ($5 ,000)
c* 5 Conn. Tr. <fe Safe Dep. Co., Hartford, Trus.
Debentures
1903 4 J-J
115,000
Jan. 1, 1930
Debentures....,
1903 4 J-J
145,000
Jan. 1, 1930
Interest is payable at Connecticut Tr. & Safe Dep. Co. Hartford, Conn.
Dividends. -Six per cent dividends have been paid lor many years.
Road— Lines extend to Wetherslield, West Hartford, Windsor. East
Windsor, East Hartford, South Glastonbury, Newington, Burnside and
Rainbow, in all 92-44 miles main track. Total track, 96-42 miles.
Standard for the city is 90-lb. girder rails, 107-lb. groove, and in the
country 70-lb.T rails Cars: Closed, 110; open. 101; other, 62.
East Hartf ord&Glastonbury Horse RR. (name changed in 1899 to East
Hartford & Glastonbury Street Railway) is controlled by ownership
Of stock and leased for 30 years from 1897.
The Newington
Jframway, from Newington Church to Hartford, was purchased in
1897, and a through line from Hartford to New Britain is operated via

—

,

the Connecticut Ry.

Earnings— For

&

Lighting Co.
years ending June 30:

fiscal

Oross.

Net.

Int.

<&

taxes.

Dividends. Bal.,sur.

1904
$897,123
$18,4<i8
$257,057
$178,589
$60,000
1903
813,798
20,098
245,263
60,000
165,165
1902
780,558
243,668
37,213
146,455
60,000
1901
737,871
254,057
60,000
43,133
150,924
_ OFFICERS— President, E. 8. Goodrioh; Vice-President, Samuel G.
Dunham; Sec and Treasurer, Daniel R.Howe; General Manager, N.
MoD. Crawford, all of Hartford.- V. 73, p. 1160; V. 74, p. 94; V. 80,
p.

600.

$137,609
sur. $48,826
def.$21,861
50-81 miles of traok.
Officers— Pres., Edwin Hanson, Montreal, Quebeo; Vice-Pres., W.
L. Bull, New York; Sec. and Treas., C. W. Van Voorhis. 52 Broadway,
New York; Gen. Mgr., G. F. Greenwood, Havana.—V. 78, p. 1446,
1494, 1502; V. 80, p. 647, 657.

Balance

sur.

ROAD— Owns and operates

HAVERHILL, MASS.
HAVERHILL & AMESBURY STREET
—Trolley road.
STOCK

&

BONDS—

Date.

Stock, $250,000, par $100

Interest.

Seetext

BlackRock&Sallsb'yBeach51891
1st mortgage, gold
Haverhill &Amesb'yConsol.
M. $290,000 g., $1,000.. c*
Debenture notes

\

5gJ-J

Outstanding.

Maturity
$150,000 Oct.,'97, 3%
94,000 July 1, 1911

Interest at International Tr't Co., Boston.

<

1892 5g. J- J

\

Int.at Am.

I
^

Interest at

1896

6

196,000

July

1,

1912

Loan &Tr. Co., trustee, Boston.

J_D

200.000 Dec. 1, 1911
Co., Boston.
260.380

Am. Loan & Tr.

"Cur. liab." Sep. 30, 1904

Dividends—None since

RY.

Oct., 1897.

ROAD— Has 28 miles of track, including sidings, etc.
Annual Report— For years ending Sept. 30 earnings have been
Oross.

Net.

Int.,itaxes,<£c.

Bal.

1903-04
1902-03

$109,013 $35,441
$37,616
def. $2,175
109,390
35,900
38,225
def. 2.325
Officers—President, E. P. Shaw, Newburyport, Mass.; Sec. and
Treas., Geo. A. Butnian; Office, 8 Congress St., Boston.— V. 68, p. 672.

HAZLETON, PA.

WILKESBARRE & HAZLETON RR.-

ORQANIZATION— Incorporated in New Jersey May, 1901, and acquired
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the
Wilkesbarre & Hazleton Railway Co. (Pennsylvania incorporation)
and deposited the same, together with $140,090 (entire issue) of the
Lehigh Traction Co.'s 5 per cent certificates of indebtedness and $922,200 of the stock of $1,000,000 of the Lehigh Traction Co., as security
for the Wilkesbarre & Hazleton RR. Co., issue of first collateral trust
mortgage 5 per cent gold bonds. V. 72, p, 1281.
Franchises are 999 years in and around Hazleton and perpetual
from Hazleton to Wilkesbarre.
Date. Interest. Outstand'g
Maturity.
Bonds—
Stock
8tk.,com.,$2,500,000($100)
$2,500,000
Stock, pref. 6% non-oum.

&

$500,000
Coll. tr.

mtge.,$2,500,000

J

183,800
1901 5g.M feNiB, 1,900,000 May 15, 1S51
Int. at Guaranty Tr. Co., N. Y., Trustee.

gold ($1,000)
e* I
Bonds—Of the authorized issue of $2,500,000 collateral trust bonds,
$600,000 are reserved to retire all bonds of the Lehigh Traction Oo.
A sinking fund of $20,000 per annum, commencing June 1, 1908, is to
be invested in the coll. trust bonds or in bonds purchasable by savings banks in N. Y. State. See V. 72, p. 1281; V. 78, p. 289.
Pref.
stook can at option of oompany be changed at any time into the bonds
of the oompany at par, said bonds to bear not loss than 5 p. c, or may
be redeemable at par in cash.
OFFICERS— Pres., A. Markle; Vice-Pres., John B. Price; Treas., N. C.
Yost; Sec, W. H. Smith Jr.; Asst. Sec'y, C. J. Kirschner.— V. 78, p.
289.

(1)

LEHIGH TRACTION CO.— A trolley road.

Organization— Chartered Nov. 7, 1892. Franohise perpetual.
Owns, oontrols and leases for 999 years at an annual rental of $1 each

&

She Hazle.
Suburban Eleo. Ry., capital $30,000; Hazle. & South Side
North Side Eleotrio Ry.,
Electric Ry., capital $75,000; Hazleton
capital $75,000. The $140,000 certificates of indebtedness and $922,200 of Lehigh Trao. stock are deposited as security for the Wilkesb.

& Hazleton RR.

&

bonds.

;

STREET RAILWAYS.

778

Maturity.
Hate. Interest. Outstana'g.
STOCK dk BonDo—
$1,000,000
Stock, $1,000,000, $100
500,000 June 1, 1923
1st mort., $500,000, gold, ) 1893 5ar. J-D
Trust Co.,Hazleton, Trustee.
$100, $500, $1,000.. o* S Markle Bkg.
140,000
Certiflo'es of indebtedness

&

1925
55,000
Car barn bonds, $55,000... 1895 5g MS
1925
30,000
1895 5g. A-O
Hazle Park bds., $60,000
Road-— Operates 27 miles of traok, new steel T rails, oak ties, well
ballasted. Road extends from Hazleton to West Hazleton. to Yorktown (connecting with Penn. RR. and Lehigh Valley RR.), to McAdoo
(south) and Milnesville, Latimer Mines and Freeland (north).
Traffic in 1902 was reREPORT.- For fiscal year ending Dec. 31
duced by anthracite coal miner's strike.
.

[Vol. lxxx.

000 stock, and a direot line to Westheid, Jlaso.; 109 cars, 9 snow plows
and 216 motors; Hampshire St. Ry., 4 miles additional.
Earnings—Years ending Sept. 30.
1904.

1904.

1903.

1903.

Gross earning8.$373,103 $360,718 Divs. paid (8 p.c.)$56,000 $56,000
Net
117,704 116,630 Bal. for year. ..def.8.,354 df.7,482
Int., taxes, <fcc
70,058
68,112
Bal. for div'nds
Sur. at Sept. 30. $64,967 $73,321
47,646
48,518
Officers—Pres., Gen. Man. and Purch. Agent, Wm. S. Loomis; Sec.
and Treas., Louis O. Pellissier; Supt., G. H. Hunter, all of Holyoke.—
V. 66, p. 616 V. 71, p. 602, 809; V. 76, p. 212, 705; V. 80; p, 650.
;

:

Balance.
$26,508
2,945
35,053
Officers— President, C W. Kline; Vice-Pres., W. H. Lawall; Sec,
C. J. Kirschner; Treas., N. C. Yost; Gen'l Mgr., A. Markle; Supt.,
C. B. Houck.— V. 64, p. 232; V. 66, p. 233; V. 72, p. 1279.
Gross

Net.

Int., taxes. etc.

$144,467
100,950
131,426

$67,372
43,340
74,094

$40,864
40,395
39,041

Tear.

1903
1902
1901

(2)

WILKES-BARRE & HAZLETON RY.— A

sur.
sur.
sur.

trolley,

steam and

third-rail road.

Organization— Chartered Dec. 13, 1899, under General RR. law
Act of April 4, 1868, State of Pennsylvania. The Wilkes-Barre &
Hazleton RR. owns the entire stock and bonds.

&

Maturity.
Outstand'g.
Date.
Interest.
Bonos—
Stock
$1,500,000
Sock, $l,500,00o,f.p
1901
5 g. M-N
1,500,000 May 1, 1951
1st M., $1,500,000, >
gold
5 Interest at Guaranty Trust Co., N. Y., Trustee.
Road— Owns 27 miles of road from Hazleton to Wilkes-Barre, and
uses for terminals 1 mile L. T. Co. traok at Hazleton and 2 miles W.
B. &. \V. V. T. Co. track at Wilkes-Barre; total, 30 miles, commenoed
partial operations on Jan. 12, 1903, and remainder on May 1, 1903.
REPORT- For year ending Dec. 31, 1^03; Gross. $89,801; net,
$43,110; other income, $1,303; interest $16,993; balance, $27,425.
Officers— Pres., A. Markle; Vice-Pres.. O. B. Houck; Treas.. N. C.
Yost; See., D. T. Evans; Gen. Man., A. Markle; Compt., C. J. Kirschner; Supt. of Transportation, A. F Harger.

HELENA. MON.
HELENA LIGHT & TRACTION-A successor
Incorporated
1902
Montana as

trolley road.

to the
in
in
Organization—
Helena Power
Light Co., sold at foreclosure. Controls the Helena
Gas Light & Coke Co.; comprises the city's entire street railways, gas
<fe

and

electric-light plants.

& BONDS—

STOCK

Miles. Date.

Outstand'g.

Interest.

Stock, +250,000 ($100)

Maturity.

$250,000
225,000

July 1,1922
....
1902 6g. J-J
$500,oOO,g,($l,000)c 5 Int.at Federal Tr. <fe Sav. B'k, Chicago, Trustee.
Bonds.— Are subject to call after 2 years at 105 and int. No 8. f.
Road—Owns 17 miles of trolley track.
OFFICERS— President, T. A. Marlow; Treasurer, A. L. Smith; Secretary, H. L. Walker.— V. 75, p. 240, 1086, 1256.

HelenaL't&Tract.istMf

0—

Controlled by Helena
(1) HELENA GAS LIGHT & COKE C
Light & Traction Co. It has the following bonds out
0><tstand'q
ililes. "ate. Interest
Maturity.
BONDS —
Hel.Gas-Lt.&C.lstM. )
1890 6 J-J
$175,000 July 1, 1910
$175,000 ($1,000) 5 Int.atMinneap.Tr.Co.,Minneap.,Mmn.,Trustee.

HEMPSTEAD,

NEW YORK & LONG
—A
trolley road.

N. Y.

ISLAND TRACTION
&

FreeOrganization— This was formerly the Mineola Hempstead
port Tractioa (incorporated on Feb. 27, 1899), but name changed as
above or July 1, 1902, and stock increased from $125,000 to $1,000,000.
Date. Interest. Outstand'g.
Last Div
BONDS—
STOCK

&

Common, *750,« t'O ($50)
Pref. 5% cum., $25i ',000 ($50)
1st

mtee

«1 000 000

sold
Soia

^

1902

^g M
*

'"

N

$750,000
250,000
-

None

-

'

'

}

Nov.

1,

1942

A

line will be built later to Long Beach and
Total, about 37 miles.
also one to Babylon.
President, Geo. A. Stanley, Cleveland; Vice-Pres. and
OFFICERS—
Gen'l Mgr., Chas. S Thra.-her, Hempstead; Secretary, Jas. A. MacElhinny, New York; Treasurer, J. R. Nutt, Cleveland, O.— V. 74, p.
1038, 1355; V. 75, p. 77, 498; V. 76. p. 919; V. 78, p. 769.

Stock ($250,000)
1st M., $250,000, gold
($100. $500

&

$250,000

1904

>

6g. J-J
150,000 Jan. 1, 1924
Int. at Louisville Trust Co., Trustee.

$1,000) \
Bonds.— Sot subject to call; #100,000 reserved for extensions. See
V. 78, p. 1497.
Road— Operates 8 miles of track. An extension to Evansville, Ind.,
12 miles, is under construction.
Officers— President, J. E. Bohannan, Louisville; Vice-Pres., A, L.
Rich; Cincinnati; Seo. and Treas., H. W. Richardson, Louisville;
Supt., H. R. Battin, Henderson. V. 78, p. 1497:
.

HOLYOKE, MASS.
Y-Trolley.
STREET

1,

HOLYOKE
1905, leased the

Hampshire

annum on the $60,000
Stock

RAILWAyears
Ry.
25

On Jan.

St.
for
at 5 p. c. per
V. 80, p. 650.
Date. Interest. Outstanding. Last div., etc.
8 J-J
$700,000 Jan., 1905,4%

1895
1899
1903

Deb.b'ds($500,$l,000)e'
Debent. bonds ($500 >
c*$
& $1,000)

5
5

A-O
A-O
A-O

250,000
85,000
265,000

Apr.

1,

Oct.

1,

1915
1920
1923

5
Debenture bonds
Apr. 1,
Leased line rental, Mt.
6
Tom RR. Stock, 6 p. c.
100,000
Current liabilities 8ept.30, *'0<L"
172,102
on all bonas payable at Holyoke Nat. Bank.
Interest
Dividends— In 1892 to Jan., 1905, inclusive, 8 per cent yearly.
Road— Has 47 miles of track, including Mt. Tom (incline) RR.,
4,900 feet long, operated under a 25-year lease for 6 p. c. on the $100,.

Stock

Common
Pref. 6%

&

Bonds—

Date.

Interest. Outstand'g.

maturity.

4 Q-M31 $800,000^ep. 30 '04,1%
6 JJ-D31 341,500 See text

($800,000) $100 .
($500,000) $100...

1902

6g.

M-N

690,000

May

1,

1927

Interest at Union Tr. Co., San Francisco,
Trustee, at Nat'l City Bank, New York,
I or at company's office, Honolulu.
Bonds.- The $690,000 reported outstanding above includes $10,000 earlier bonds due in 1920 which have not yet been exchanged; $310,000 bonds reserved for extensions at the rate of
$15,000 per mile, or for acquisition of other street railways. All
bonds may be called on May 1, 19 7, or on any interest day thereafter. For bonds numbered from 1 to 460. 3 p. c. of the amount outstanding shall be set aside each year from May 1, 1907, to May 1, 1926,
as a sinking fund. For 'he remaining bom s (numbered 461 to 1,000),
on the 1st day of May after their issue and each year thereafter til'
1926 i-uch sums shall be set apart the principal and Interest of which
compounded at 5 p. c. would equal the par value of the amount of
bonds then issued and outstanding, as a sinking fund- These sinking
funds to be used, respectively, in the purchase of the bonds for which
they are created, after advertising or in the open market, at a
price not to exceed a 4-per-oeot basis, or at such higher price as may
be agreed upon between The company and the trustee. See V. 74,
p. 1251.
Dividends— Six per cent is being paid on pref. stock. On common,
Dec. 31, 1903, 1 p. c. In 1904, March 31, lp.c; June 30, lp.c;
Sept. 30, 1 p. 0.
EARNINQS-For 11 months ending Nov. 30,1904: Gross, $298,731
net, $117,875; other income, *3,235; fixed charges, etc., $50,770;
surplus, $70,340. For 1903, gross, $250,730; net, $113,3il.
Road- Operates 22*529 miles of traok, including extension of 8 miles
to Waikiki Beach completed in February, 1903. Gauge, 4-ft.; 85-lb.
rails; 35 vestibuled motor cars and 10 trailers; 800 h. p. generators.
OFFICERS President, L. T. Peck; Vice-Presict't, L. a. Thurston;
Secretary, Geo. P. Thielen; Treasurer, C. H. Atherton Auditor, F. WKlebahn; Manager, C. G. Ballentyne.- V. 77, p. 2035.
1st mort., $1,000,000, gold,
0*'
($1,000)

i

;

HOOSICK FALLS, N. Y.
BENNINGTON &served, 30,000. VALLEY RYHOOSICK
A trolley road. Population

Company proposes to make a new mortgage to refund the present bonds and to provide funds for extensions. Capital stock will be
increased accordingly.
Organization—A consolidation on Nov. 9, 1897, of the Hoosick
Ry. and Bennington Electric RR.

STOCK

&

BONDS—

Dale.

Interest.

Outstand'g. Maturity.

$170,000

Pref., non-cum., non-voting,

5 percent ($100), $30,000
30,000
Ben. & H. V. 1st M., $250,000, < 1897
5
182,000 Jan.1,1928
gold ($500 and $1,000) . e. < Int. at Intern'l Trust, Boston, trustee.
Bonds— No sinking fund and bonds cannot be called.
ROAD— IB 1!! miles long, connecting Bennington and FToosick Falls.
Owns 16 double motors, 7 closed, 9 open and 3 freight and service
oars. Sixty -pound T rails, standard gauge. Has 400 H. P. plant.
EARNINGS— For year ending June 30, 1904, gross, $39,681; net,
$10,228; interest and taxes, $10,526; defioio, $29s.
Officers- President, Geo. E. Greene; Vice-President, Jos. BuckleyTreasurer, I. E. Gibson, Bennington, Vt.; Secretary
Superintendent'
E. H. Libby, Hoosick Falls.— V. 75, p. 1398.

JJ

. .

&

HOT SPRINGS, ARK.
HOT SPRINGS STREET RAILROAD-Trolley.
ORGANIZATION— Chartered in 1894; sucoessor to Hot Springs Electrio
Controls Fountain & Suburban RR., 1 mile.
Dale. Interest. Outstanding.
Maturity.
STOCK & BONDS—
$100,000

1894 6g. J-D
200,000
June
Louis-Union Trust Company, St. Louis, Mo., Trustee.

1st mort., g. ($250,000).
St.

Road—Operates

1,

1924

12"6 miles of traok.

OFFICERS—President, S. W. Fordyce;
and Treas. R. J. Huntington.

Vice-Pres., H. E. Martin; Sec.

HOUGHTON, MICH.

THE HOUGHTON COUNTY ST. RY.-TroUey

road.

ORGANIZATION. Incorporated in 1899 to build an electric road iBHoughton County, running through ithe entire copper belt.
Franchises.in publio streets expire in 1930.

Stock and BONDS—

stock.

Stock, $700,000 ($100)..

as passengers. E. H. Rollins &
June, 1902. In Oct., 1902, bonds were listed on the San Francisco
Stock and Bond Exchange.
In 1903 purchased the Hawaiian Tramways Co. (having outstanding
£65,000 stock and £30,000 6 per cent debentures and comprising 1219
miles of track); payment being Tmade by the issue of $150,000 6 p. e.
bonds of the Rapid Transit Co.; 910 shnres of preferred stock and
$59,150 in cash.

Stock

trolley road.

30-year franchise, granted in October, 1886.
Date.
Interest. Outstand'g.
Maturity.

Organization—
Stock & honds—

in July, 1898. Franchise
of freight and mail as well
Sons, Chicago, offered the bonds in

Street Railway.

HENDERSON, KY.

HENDERSON CITY RY--A
Has

Trolley.

Organization— Incorporated in Hawaii
runs tor 30 years, and permits the carrying

Stock, com., $170,000 ($100)

Int. at Citizens' Sav. & Tr. Co., Cleve(land, trustee, or at 1st Ni£t. Bank, N. Y.
Boivds.- Are subject to call at 107 at 30 days' notice, but uo sink. fund.
Stock— Stock all held by Will Christy, Geo. A. Stanley and J. R. Nutt,
syndicate managers. Bonds also all so held.
Road- Operates an electric line connecting Mineola, Hempstead
and Freeport, 9^3 miles. Also operates line from Hempstead west 10
miles, to Queens, where connection is made with the tracks of the New
York & Queens County Railway. Also a line 16 miles long
from Freeport westerly via Rockville Centre, Lynbrook and Valley
Stream, to a connection with the Kings Co. Elevated Ry. at Brooklyn,

^"n

,an nrfm "••zr
(Si.uuuj.
-

HONOLULU, HAWAII.
HONOLULU RAPID TRANSIT & LAND
CO-—

Date.

Stock, $750,000 ($100)
50O, OOO 60/0 n
e

Private right of way perpetual.
Outstand'g.
Maturity.

Interest.

$750,000
20 °.° <> Oct., '04, 3%
1st mortgage, $750,000, $
1900 5 g, J-J
750,000
July 1, 1920
c*. I Int. at Boston Safe Dep. & Tr. Co.,' Trustee.
($1,000), gold
Notes payable Deo. 31, 1904
$70,000
Bonds—Whole issue or any part can be oalled after 1905 at 105 and
interest on any interest o ay. Preferred stock can be redeemed at 110.
Earnings— For year ending Dec. 31, 1904, gross, $199,513; net,
S'0*
$100

'.

.

.

-.?.1

A-°

'

$64,098; charges, $40,444; surplus, $23,654.
ROAD.— Owns 26*16 miles of track, including lines from Houghton to
Hancock and from Hancock to Laurium, Red Jaoket, Wolverine and
Lake Linden. Extension to Tamarack City is proposed.
OFFICERS-— President, F. J. Bawden, Houghton, Mich.; Vice-Pres.,
H. G. Bradlee; Treasurer, A. Stuart Pratt, Boston; Ass't Treas., Harry
W. Eaton; Secretary, H. R. Hayes, Supt., A. H. Warren; Gen'l Mgre.
and Transfer Agents, Stone and Webster, Boston.

STREET RAILWAYS
Rockville.
operation
HOUSTON, TEXAS. Trolley.
under construction, and expected
ELECTRIC COMPANY.
HOUSTONChartered at Austin, Tex., on Oct. 1901, and
Officers— President, Albert Lieber:
Vkw.. L905.J

Is in

castle to

is

is

26,

Organizat'ON—

la

successor to the Houston Elec. St. Ry Co., sold at foreclosure Oct., '01.
Controls all the street railways in Houston. Franchise originally ran
until Oct. 23, 1925, but In Jan., 1903, was extended 10 year*; for terms
Co. of Boston offered the bonds
see V. 76. p. 158. I.ee, Higginson
In May, 1902, stock and bonds
for sale In May, 1902. V. 74, p. 680.
listed on the Boston Stock Exchange.
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
$2,000,000
Coin., $2,000,000 ($100)
™ A
.
Preferred. 6% non cum. >
500 000 *eo., 'os ol
oo».,uuu Feb us,
*
\

Sec'y,

John

J.

Appel; Treas. and

t

79

to Plainfleld, 14 miles. Bemainder
to be completed during 1905.
Vice-Pies., Frederick Franoke;
Gen. Mgr., Henry L. Smith.

.

&

&

%

$500,000 <$100>

1900 5 g. F-A
1,789,000 Aug. 1, 1925
1st iutge., $2,500,000 <
gold ($1,000) .s.f.c*. ( Int. at Intern'l Trust Co., Boston, Trustee.
$324,666
Noiespay'eNov. 30. M4
for extensions and improvements at
80 per oent of cost. Eutire issue, but not any part, can be called on
at 107^ and Interest.
and after Aug. 1, 1910,
Si»ki7ig fund of
p. c. of bonds outstanding operative on Aug. 1,
1903, if earned, and obligatory after Aug. 1. 1905. See V. 74, p. 680
liridenas— Dividend on prefe red stock due Aug., 1904, was passed
because of strike aud boycott; the strike was terminated Ootober II,
1904. V. 79, p. 1704.
Road— Comprises 39-70 miles of track. Operates 25 cars.
Earnings— For year ending Dec. 31, 1903, gross, $416,124; net,
$lv3,559; charges, $84,656; surplus, $58,903.
Officers— Pres., Geo. J. Baldwin; Vice-Pres., H. F. MacGregor; 2d
Vice Pres., John W. Hallowell; Treas., A. Stuart Pratt; As?t. Treas..
C. B. Byrne; Sec, H. R Hayes; Ass't Sec, H. K. Payne; Man. and
Transfer Agents, Stone & Webster, Boston.— V. 79, p. 500, 1704.

Bonds— $711,000 are reserved

m

HUDSON,

N. Y.

on Mar. 12, 1903, and is
ORGANIZATION— Incorporated in New
Hudson Ry. & Power Co., sold under ioresuccessor to the Albany
closure on Feb. 11, 1903, per plan in V. 75, p. 847.
Date. Interest.
Outstaud'g.
Outstand'g.
Maturity.
Bonds—
S^ock
Pref 5%, cum. after 1908,
$1,000,000
.5
$1,000,000 ($100)..
Com., $1,000,000 ($100)..
1,000,000
i;750,000
1,750,000 Mar.T,19¥§
1st inort., $2,000,000, gold } 1903 4-5 g. M-S
„ .
c* $ Lut. at Colonial Trust Co., N. Y., Trustee.
($1,000)
Bonds- Of the $l,750,00<i reported outstanding above, $250,000 is
deposited as collateral for a loan. Interest is 4 per cent until March
1, 1P06, thereafter 5 p.c No sinking fund and bonds cannot be called.
See V. 75, p. 847.
Road— Operated by third-rail system from Hudson via Renselaer to
Albany. Comprises 37 miles of main line and 9 miles ol sidings, with
2 additional miles of overhead trolley road in Hudson Total, 48
mites. In Feb., 1900, made contract giving it privilege to enter Albany
over the tracks of the United Traotion of Albany. Operates 3o passenger cars and 14 freight and express cars, and 3 snow plows. Rails, 70
and 80-lb. steel, standard gauge. Supplies light and power along route.
Earnings.— For fiscal years ending June 30:
tear.
Gross
Net.
Taxes. Interest, etc.
Balance.
1904
$283,992 $107,847 $16,834 $67,579 eur $23,433

&

&

.

257,986

102,256

16,660

126,374

def,

40,778

OFFICERS— President, Clinton L. Rossiter; Vice-Pres., A. M. Young;
2d Vioe-Pres. and Gen. Mgr., Geo. <+. Blabeslee; Sec and Treas., H. G.
Runkle, 100 Broadway, N. Y.— V. 77, p. 146, 1872; V. 79, p. 680.

HUNTINGTON, W. VA.
CAMDEN INTER-STATE RY.-A
8ale-On

trolley road.

June 30, 1902, a syndicate represented by John Graham of
Newville and J. J. Henry and William North of Philadelphia purchased
this entire property, together with the electrio light plants and parks
In fronton, Ashland and Huntington, for a sum said to be $2,000,000.

Ninety per cent of the stock is owned in Pennsylvania.
ORGANIZATION— Incorporated in West Virginia in 1900. In Sept.,
1904, stockholders authorized $75,100 bonds secured by lien on
power plant at Kenova.
uJate. Interest.
Outstanding. Maturity.
Stock
Bonds—
8tock, $2,000,000, $100
$2,0o0,000
New mort., $1,500,000, ) 1901 5 g. M-S
1,325,000 Mar. 1, 1921
g.($l,000), nos.f., and>
Citizens' Trust & Guaranty Co., Parkersoannot be called c<fcr. ) burg, Trustee.
Power
hous-j
bonds) 1904 5 g. M-S
None.
Mar. 1, 1929
($1,000), $75,000 gold. 5 Int. at First Nat. Bank, Huntington.
Oons. Lt. & Ry. M., guar
6% M-A27
100,000
1923
Ashl. &Catt). M.,guar
6% J-J
1923
50,000
Bonds— $150,000 of the new bonds are reserved to retire the firsts of
like amount, and $25,000 are in the company's treasury. Interest on
the bonds is payable at the Union T:ust <fe Deposit Co. of Parfeersburg.
Road—Operates 30*23 miles of track between Huntington, W. Va.
Cattlettsbui g and Ashland, Ky., and Ironton, Ohio.
OFFICERS— Pres. and Gen. Man., John Graham, Huntington, W. Va.;
Vice-Pres.. John J. Henry, Philadelphia; Sec, W. F. North, Philadelphia; Treas., Tlios. McK. Hays, Huntington— V. 79, p. 967; V. 80, p.

&

. .

471.

INDIANAPOLIS, IND.
BROAD RIPPLE TRACTION-A

trolley road.

Organization— Organized as successor to the Indianapolis & Broad
Ripple Rapid Transit Co. sold at foreclosure July, 1899. The Indianop. St. Ry. owns about 75% of stock, but organization separate.
Date.
Stock & Bonds—
Rate.
Oritstand'g.
Maturity.

Stock $100,000 (par$100)
Mtir goia,»40o,ooo($i,ooo)o
mm. eold $400 OOOffil OOOin*

$100,000
...
ls
5 §•> J_J
400,000 July 1, 1933
$
£ Int atGuar Tr &
D C o. (Phila. ),Trus.

"

Bonds -Are guaranteed, principal and interest, bv Indianapolis 8t.
Ry. No sinking fund, and bonds cannot be called. The Indiana Union
Tract. Co. also guarantees the principal and Interest of half (+200,000)
of this company's bonds and half of the interest of the remaining
*200,000 bonds until May, 19la.
Road—7^ miles of track from Indianapolis to Broad Ripple Park.
Officers— President. John B.Warner; Sec. John D, Thomson; Treasurer., E. B. Peck.-V. 69, p. 180; V. 73, p. 137, 183; V.
78, p. 1167.

INDIANAPOLIS COAL
Organization.— Incorporated

TRACTION.-TroUey.

in 1901

the Indianapolis & Plainfleld Electrio
carrying business as well as passenger.

STOCK

&

BONDS—

Date.

and is successor in 1903 to
RR. Co. Will do a large coal-

Interest.

Stock, $2,500,000

903 5
J

JJ

Outstand'g.

$2,500,000
None.

Maturity.
„..
Sept. 1, 1953

lstmortgaire $5 000 000 (
goia (»t,ooo), s. *.. o<mO
gold ($1 oooi s f .c&r Indiana Trust Co., Indianapolis, Trustee,
f Int ftt Meroantlle [. ru8t 0o
^ 6 w York.
A sinking fund of 1 p. c of outstanding bonds begins July 1, 1 908.
Road— Is to operate 165 miles from Indianapolis, through Plainfleld,
Greencastle and Terre Haute to Sullivan, with a branch from Green'

*•

Organization—Incorporated in Indiana on Aug.
was increased in Jan., 1903,

4, 1902, with
to $5,000,000
($1,500,000 being given to Indianapolis Street Railroad shareholders as a bonus), to lease the Indianapolis St. Ry. and to provide terminal facilities for all interurnan electrio roads now entering or yet to
enter Indianapolis. Franchise Is for 31 years, underthe terms of which
the company Is to pay the city 4 cents per car for the first 11 years, 6
cents for the next 10 years and 9 cents for the remaining 10 years. On
Dec. 29, 1902, leased ror 31 years the Indianapolis Street Ry. V. 75,
p. 1301. Widener-Elkins syndicate is understood to be in control.
Interest.
utstand'g.
Maturity.
Bonds— Date.
Stock
$5,000,000
Stock, $5,000,000
5 g. A-O
3,000,000
Jan. 1 1933
1st mort., $5,000,000, } 1 903
^old ($1,000). s. f.c' $ Int. at Guarantee Tr. & S. D. Co., Phila., Trust.
Bonds- $2,000,000 are reserved for extensions and betterments. \.
sinking fund provides for the payment annually of
5 per cent of
bonds outstanding, including those in th* sinking fund. See V. 76 p
1085.
miles of new double track are under construction,' to
Road, &C.
gether with interurban passenger stations and two freight depots.
OFFICERS-— President and Manager, Hugh J. MoGowan; Vice-Pre°t.,
H. P. Wasson; 2d Vice Prest., John J. Appel; «ec & Treas., W. F. Milholland; Pur. Agt., P. A. Hinds. V. 80, p. 472.

$50t»,000 capital, which

&

.

.

,

H

-H

•

(

)

INDIANAPOLIS STREET RY.—A trolley

system.

ORGANIZATION.— Incorporated in Indiana, March 7, 1899. After
acquiring the Citizens' Street RR. of Indianapolis and the City Rail-

made a contract with the City of Indianapolis agreeing to surrender the rights and franchises of both companies and accept a
new franchise running only thirty-four years. The contract also pro
.rides that cash fares are not to exceed five cents, with free transfers,
and tickets are to be sold at the rate of six for twenty-five cents and
road,

ALBANY & HUDSON RAILROAD COYork

1903

INDIANAPOLIS TRACTION & TERMI'L CO.

twenty-five for one dollar.
The company also binds itself to pay over to the city (which Is to expend it on the public works) the sum of $30,000 yearly, from 1899 to
1925, and $50,000 yearly, from 1926 to 1932, inclusive, the contract
expiring In 1933— see V. 68, page 723. The city gets the right to purchase the property " at any time within two years and not later than
one year before the expiration of this contract," nothing to be paid for
the value of the franchise. Law sustained May, 1902. V. 74, p. 936.
As to the three-cent- fare case, which the U. S. Court of Appeals
decided in favor of the Citizens' Co. in Dec, 1897, see Supplement of
Nov., 1898, and V. 64, p. 842, 1180; V. 65, p. 51, 181, 1172.
Guarantees the ($400,000) bonds of Broad Ripple Traction Co., and
owns 75 per cent of its stock.
Lease.— On Dec. 29, 1902, was leased to the Indianapolis Traotion
& Terminal Co. for 31 years. See V. 75, p. 1301. Lease provides for
dividend of 1 p. c Jan. 1, 1903, then 3 p. o. in semi-annual instalments for first year, 4 p. c for second year, 5 p. o. for third year and
6 p. c. after July, 1906. As part consideration for lease, Indianapolis
St. RR. shareholders were given $1,500,000 Ind. Trac. & Term, stock.
Date. Interest. Outstanding. Dividends, die.
BONDS—
STOCK
Capital stock ($100)
$5,000,000 Jan., '05, 2%
Indianapolis St. Ry. gem ) 1899 4 g. J - J
6,000,000
Jan. 1, 1933
M., $6,000,000, gold \ Interest at Guar. Trust
Safe Dep. Co.,
o*
Phila., trustee.
($1000), guar
Citizens' St. Ry. 1st M., ) 1893
5 g. M-N
4,000,000 May 1, 1933

&

&

$4,000,000 gold.. ..c* 5 Solicitors' Loan &TrustCo.of Phila.,Trustee.
Interest on Citizens' consols at Kourth Street Nat. Bank, Phila.
The mortgage of 1899 was for $7,000,000, but $1,000,000 has beats
canceled. No bonds reserved for the Citizens' consols. The company
binds itself to pay to the Indiana Trust Cc. a sum annually sufficient to redeem at maturity the greater part of the entire issue of
IndiaDapolis Street Ry. oonds; this provision is guaranteed by the
Indianapolis Traction
Terminal Co. See V. 76, p. 542.
Stock and bonds listed on Phila. Stock Exchange. V. 69. p. 851.
ROAD— Operates 125 miles of track, with 350 oars. 90-lb. rail.
OFFICERS.— Pres., George Brown, Indianapolis; First Vice-Pres., J. A.
Lemoke; 2d Vice-Pres., Joseph S. Neff, Philadelphia; Sec and Treas.,
Henry Jameson; Asst. Sec. and Asst. Treas., C. E. Morgan 3d, Philadelphia. V. 76, p. 48, 542, 593, 1085; V. 79, p. 151.

&

INDIANAPOLIS & EASTERN RY,- Trolley.
Organization— Organized in 1902 under the laws of Indiana as a
consolidation of the Indianapolis
Greenfield Rapid Transit and the
Indianapolis & Eastern Traction. Franchises are for 50 years in Marion and Wayne count es, perpetual In Hancock and Henry counties,
and 30 years in the cities of Greenfield and Knightstown.
Date.
STOCK
Interest.
BONDS—
Outstand'g.
Maturity.
Stk, $1,200,000 ($100)
$1,200,000
1st
consol.
mtgc, ( 1902
5 g. J-J
7o0,000 July 1, 1927
$1,000,000, gold ($l,--?Int. at Mercantile Trust Co., N. Y., or at
000) s. f
c* (
Central Trust Co., Indianapolis, Trustee.
2a mortgage, $200,000, > 1904
6
$100,000 Sept. 1, 1914
g°I Q
-S Marion Trust Co., Indianapolis, Trustee.
,
Ind.
Green. 1st M., C 1899
5 g. J-J
300,000 Jan. 1,1929
$300,000
($1,000), •? Int. at Cit. Savings & Trust Co. Trustee,
eve.
gold
c* ( or at First National Bank, New York City.
Bonds— Of the $1,000,000 consols authorized, $300,000 are reserved
to retire the Indianapolis <fe Greenfield first 5s. A sinking fund becomes operative alter 5 years. Fund is to be invested in the company's bonds if they can be bought at not more than 105 and interest.
Bonds cannot be called. See V. 75, p. 342. Ou the Ind. & Greenfield
bonds, $12,500 is payable yearly to a sinking fund beginning Oct. 1,
1904, with which bonds beginning with No. 1 will be purchased at l05

&

&

,

&

C

,

and accrued

Interest.

Earnings—
Years end. Dec. 31:

Gross.

Net.

$217,197
165.S89

1904
1903

$98,778
83,749

Charges.

Surplus.

$50,000
$1^,778
35,625
48,124
Road— Owns about 6OI9 miles of track, including 50 miles from Indianapolis city line, where it connects with the Indianapolis Street Ry.,
over whose track it operates within Indianapolis under a 33-year contract, to Dublin, where connection is made with the tracks of the Kiohmond Street Railway. Also operates a branch of lo miles from Dunreith to Newcastle, on private right of way. 70-lb. T rails.
OFFICERS-Pres., Frank M. Fauvre, Indianapolis; Vice-Pres., C. E
Coffin; Treas., Medford B.Wilson; Gen. Man., John F. Chipman.—
78, p. 229, 2012; V. 80, p. 711.

INDIANAPOLIS trolley road.
TRACTION CO.-A COLUMBUS & SOUTHERN
Organization— Formerly the Indianapolis Greenwood <fe Franklin
RR., which company was incorporated in Indiana in 1895. Name
changed as above in Jan., 1903. Chandler Bros. & Co. of Philadelphiahave underwritten the $400,000 of bonds outstanding.
STOCK
BONDS—
Date. Interest. Outstanding. Maturity.
Stock, $285,000
..
$285,000
1st mortgage, $1,000,000 )
4.00,000 Feb. 1,1923
1903 5g. F-A
gold ($1.000)
o* Clnt. at Trust Co. of N. Amer., Phila., Trus.

&

.

[Vol.
STREET RAILWAYS
Bonds —Cannot be
$700,000 were reserved
extensions south
IRONDEQUOIT, N. Y.
of original portion
road between Indianapolis and Franklin at not
over $15,000 per
-which $100,000 have been issued and $230,ROCHESTER & SUBURBAN RY.-A
000 are now available
under the mortgage. See V.
654.
Incorporated

780

Earnings— For

called.
for
of
mile, of
for issue
76, p.
6 months ending Deo. 31, 1904, gross, $106,960; net,

after taxes, $51,701.

Road— Operates 40

and Columbus.

miles of track between Indianapolis, Franklin
60-lb. T rail. Mostly private right of

Standard gauge.

way.

OFFICERS— President, Jos. I. Irwin; Vice-Pres. and Mgr., Wm. G.
Irwin; Sec. and Treas., Hugh Th. Miller, all of Columbus, Ind.; Supt.,
Geo. A. Saylor, Greenwood. -V. 77.

823; V. 78, p. 1446,

p.

INDIANAPOLIS & MARTINSVILLE RAPID
TRANSIT CO--A trolley road.
Organization— Incorporated

ates on private right of

STOCK

&

in Indiana

on April 24, 1901.

Oper-

way except in incorporated towns.

BONDS—

trolley road.

on January 30, 1900, as a successor of
the Rochester & Irondequoit RR. On Aug. 25, 1900, aoquired the entire oapital stook of the Rochester & Lake Ontario Ry. Co. and consolidated with it. The branoh running from Rochester to Summerville
is leased to the Rochester Railway Co.

Organization—

Stock

&

Bonds—

Date,

interest.

Outstand'g.

Interest.

Outstanding.
$750,000'

Maturity.

S'Jm

;

;

INDIANAPOLIS & NORTHWESTERN
Map on page 781).— A
road.

$70,000
5p. o. cum. ($350,000)$100
350,000
1st mtge. $450,000 ($1,000) v 1900 5 g. A-O. (See text) July 1, 1930
gold
*c. Slnt. atRoch. Tr. ASafeDep. Co..'Trus.
Bonds— Bonds are issued and are held by the trustee as seourity for
loans, which June30, 1903, were $450,000.
Earnings— For fiscal year ending June 30, 1904: Gross, $73,381;
net, $39,908; charges, $26,550,; surplus, $13,358.
Road— Rochester to Sea Breeze, 7 47 miles, and from Rochester to
Summerville, 4^ miles (double traok) total, 16-47 m.
OFFICERS— President, George W. Archer; Vice-Prest., Frederick
Cook; Secretary and *en'l Manager, Chas. A.. Williams; Treasurer, F.
P. Allen, all of Rochester.— V. 70, p. 231; V. 71, p. 699.
Pf.,

;

IRONWOOD, MICH.

TWIN CITY GENERAL ELECTRICStock

& Bonds

CO.

(See
trolley
in 1902 in Indiana. Operates a modern,
high-speed interurban railroad, standard gauge, located upon private
rightjof way outside of the city corporate limits. Extends northwesterly from the city of Indianapolis through the cities of Lebanon and
Frankfort to the city of La Fayette, with a branch from Lebanon to
Crawfordsville, each of which cities is the county seat of its respective
county. Has trackage rights to the business centres of Indianapolis

and La Fayette.
The franchises run for 31 to 50 years and permit the carrying
freight, express and mail, as well as passengers.

STOCK & Bonds—
Common, $2,550,000

Date.

Interest.

Outstanding.
$2,550,000

of

Maturity.

450,000
6%, n.c
1st mtge., $3,000,000)
1903 5 g. M-S
2,470,000 Mar. 1,1923
gold ($1 ,000)
o* s Int. at Knickerbocker Trust Co., N. Y.,Trustee.
Bonds— The remaining $530,000 for improvements and additions at
50 p. c. and 75 p. c. of cost. No sinking fund, but bonds can be called
on any interrest date at 110.

Pref., $450,000,

Earnings— For calendar year 1904 (Crawfordsville extension was
not opened until July 1, 1904), gross, $302,383; net, $113,101; fixed
charges, $103,233; surplus, $9,868.
Road— Operates 92-25 miles of track between Indianapolis, Lebanon,
Frankfort, Lafayette, and Cawfordsville. Standard gauge 70-lb. T-rail.
Operates 20 vestibule and 4 baggage cars. Power house and car barn
are at Lebanon.
Officers— President, George Townsend, Indianapolis; Vice-Pres.,
Philip L. Saltonstall, Boston; Secretary, Winthrop Smith, Boston;
Treasurer, Chauncey Eldridge, Boston. V. 76, p. 48; V. 79, p. 151.

INDIANAPOLIS & CINCINNATI TRAO
Organization-— Incorporated in Indiana and on Oct.

CO.

13, 1903, pur-

chased the entire oapital stock of the Indianapolis Shelbyville A
Southeastern Traction Co. Private right of way except in cities and
towns. County franchises perpetual. Franchises in cities and towns
are for 50 years, except in Indianapolis, whioh is 31 years. Has
contract with Indianapolis Traction & Terminal Co. allowing its oars
to enter Indianapolis for 31 years.
Interest.
Outstand'g.
Date.
Maturity.
BONDS—
STOCK
$2,000,000
Stock, $2,000,000
5 g. J-J
2,000.000>
July 1, 1933
1st mtge., $4,000,000, > 1903
c* J Int. at Farmers' Loan &Tr. Co., N. Y., Trustee.
gold ($1,000)
Bonds.— $2,000,000 are reserved for extensions and improvements.
No sinking fund and bonds are not subject to call
Road— Is to operate a double-track road from Indianapolis, via RushRoad is now in opville, Connersville and Hamilton, to Cincinnati.
eration to Rushville, 40 miles. Power house for the operation of all

&

Date.

-

Interest

Outstand'g. Maturity.

Stock
$400,000
6J-D 125.000
1913
Mnrtffae-e *125 000
i
Mortgage, $i^5,ouo
}Int. at Old Colony Tr. Co., Boston, trustee.
7*2 miles of traok.
Road— Owns
OFFICERS— President and General Manager, E. D. Nelson; VioePresident, E. T. Larson; Secretary and Treasurer. H. F. J aim.

ITHACA,

Organization— Organized

N. Y.

ITHACA STREET RAILWAYORQANIZATION— Chartered Nov. 18, 1884. Leased the Cayuga Lake
Electric Railway in June, 1894, for 49 years upon the terms that it
shall pay principal and interest of the leased road's $25,000 first mort.
Interest.
Date.
Outstand'g.
Maturity,
BONDS—
STOCK
$325,000
Stock, $325,000,pr.$100
See text.
1892
6J - J
175,000 July 1, 1922
1st mortgage, $175,000 $

&

X Int. payable at Farm. L.&T. Co., N. Y. City.
1894
6J-J
75,000 July 1, 1922
2d mortgage, $75,000
6J-D
CayugaL. Eleo.lstM.,gu.. 1894
25,000 Jane 1,1922
Dividends.—In July, 1895, 3 per cent; in April, 1896, 3 p. c; 1896-7,
2i« per cent; in 1897-8, 2±z per cent; 1898-99 to 1902-03, none; in

c; in 1904, Sept., 3 p. c.
operates 7-68 miles of track. Rails, 45 to 62 lbs.
standard gauge operates 29 cars and 1 snow plow.
REPORT—For fiscal year ending June 30, 1904: Gross, $149,721;
net, $86,088; int. and taxes, $19,312; dividends, $8,125; sur., $58,651.
OFFICERS.—Pres., Edward G. Wyckoff; Vice-Pres., C. E. Wyckoff;
Sec. and Treas., R. L. Post, all of Ithaca.— V. 72, p. 988.
1903, Sept.,

2»fl p.

ROAD—Owns and
;

JACKSON, MICH.
&
JACKSON and BATTLE CREEK TRACTION
CO.— Third
rail

trolley.

in Michigan on May 19, 1902, to conneot Jackson with Parma, Albion, Marengo, Marshall, Oeresco and
Battle Creek, a total distance of 45*2 miles. Line was completed anfi
put in operation June 27, 1903. Standard gauge, 70-lb. T and girder
rails. Third-rail on private right of way and trolley in cities and towns
Interest. Outstanding.
Date.
Maturity.
STOCK & BONDS—
$1,500,000
Stock, $1,500,000 ($100)
1903 5 g. J- J
1,175.000
Jan. 1, 1923
1st mtge. $1,200,000.. Int.
at Cit. Savings & Tr. Co., Cleve., Trus., or
....0*
($1,000 gold
at First National Bank, New York.
Bonds—No sinking fund, but bonds subject to call in any amount
See V. 75, p. 1147.
after 10 years at 105 and interest.
REPORT— For year ending June 30, 1904: Gross, $148,549; net, $69,334; interest, $57,500; surplus, $11,834.
Latest Earnings— For 3 months ending Sept. 30,1904: Gross,
$46,582; in 1903, gross, $45,471.
OFFICERS— President, Gen. C. M. Spltzer, Toledo; Vice-Pres., A. L.
fipitzer, Toledo; Treasurer, N. S. Potter, Jackson; Sec'y and Manager,
W. A. Foote, Jackson; Supt., E. S. Loomis, Jackson. V. 78, p. 48.

Organization— Incorporated

—

lines is located at Rushville.

OFFICERS— President, Chas. L. Henry Secretary, William L. Taylor;
M. Johnson.-V. 77, p. 250; V. 77, p. 1874: V.79, p. 2456.
;

Treas., E.

/i\
v* /

INDIANAPOLIS SHELBYVILLE & SOUTHEASTERN TRAC-

TION—A trolley road.

Organization— Franchises are perpetual

in

Marion

and Shelby

counties and 35 years in ShelbyvfJAe. Operates over private right of
way with exception of 3 1* milea Has 31-year franohise from city of
Indianapolis and arrangement wrth the Ind. Traction & Terminal Co.
allowing it entrance into the city. Denison, Prior & Co., Boston
and Cleveland, offered the bonds for sale in Feb., 1903. V. 76, p. 435.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Stook, $600,000 ($100)
$600,000
1902 5 g. J-J
1st Mtge.. $500,000, gold 5
500,000 Jan. 1, 1932
( Dat. at Am. Trust
Sav. Bank, Chic, Trus.
($1,000) s. f
Bonds— Entire issue may be called on any interest date at 110.
sinking fund of $10,000 per annum commences Jan. 1, 1908, for
which bonds can be called at 105, beginning with the lowest number.

&

&

A

ROAD— 26 miles
60-lb.

of track connecting Indianapolis with Shelbyville.

T -rails.

OFFICERS—President, George A. Ball; Vice-Pres., Fred C.Gardner;
Secretary, John E. Reed; Treasurer, J. F. Wild; General Manager,
Chas. L. Henry.— V. 76, p. 265, 435, 1143 ; V. 77, p. 250, 1874, 2159.

ioneT"cal.
IONE & EASTERN RR. CO&

o

<te

r

(

Int. at

Union

Tr. Co. ,

San Fran. Trustee.
bonds outstanding
,

Bonds— A sinking fund of 3 p. c. per annum of
commences July 1, 1909, but bonds are not subject

to call.
lone to Jackson,

with a
Road— Is to operate 15 miles of track from
branch of 5 miles to Amador City. Standard gauge, 50 lb. T rail. Road
is under construction and 12 miles expected to be completed early in
1905.

Officers— Pres.,
2384.

F. E. Beck; Sec.

JACKSON CONSOLIDATED TRACTION.
&

Jackson Ry.
This company and the Detroit Ypeilantl A.nn Arbor
are now held in common control, the stook of both roads beine pooled.
The roads are in the hands of a committee consisting of Walter 0.
Kerr, L. H. Hole and W. N. Coler Jr., New York; Geo. C. Smith,
Pittsburgh; J. jD. Hawks and S. F. Angus, Detroit, and W. A. Boland. Jackson, Mich. See V. 79, p. 269.
ORGANIZATION— Incorporated in Michigan in 1904, and is a consoliSuburban Traction Co., the Wolf Lake Ry.
dation of the old Jackson
& Resort Co. and the Highland Resort Co. Constitutes all the srreet
railways in the City of Jackson. Franchises practioally perpetual.
Dale.
Interest. Outstanding. Maturity.
Bonds—
STOCK
$1,000,000
Stock, $1,000,000, $100
645,000 May 1, 1934
1904 5g.M.-N.
1st M., $1,000,000, gold >
($100,$500&$l,000)c* 5 Int. at Guardian Trust Co., N. Y., trustee.
Bonds.—The new ref anding bonds are subject to call at 105 and interest on any interest date; $355,000 of these bonds are reserved for
extensions and betterments at 90 p. c. of cost. Praotioally all prior
liens have been retired. See V. 79, p. 1705.
ROAD— Owns and operates 30 miles of traok in Jackson, including
interurban lines to Grass Lake, Wolf Lake, Michigan Center and Vandercook Lake. Operates 28 cars.
Officers— President, Bird S. Coler, New York; Vice-Pres., W. A.
Boland, New York; Sec. and Treas.. C. B. Hole; Mgr., J. P. Clark; Supt.,
H. T. O'Mara— V. 76, p. 654, 972; V. 78, p. 2384; V. 79, p. 269, 1704.

&

&

-

Organization—Incorporated in California on April 12, 1904.
Date. Interest. Outstanding. Maturity
BONDS—
STOCK
Slock, $1,000,000 ($100)
$1,000,000
let mortg'e, $500,000, gold < 1904 5 g., J-J
340,000 Julv 1, '34
($1 ,000)

Maturity.

Stock, com., $70,000 ($100)

-

Date.

Stook, $750,000 ($100)
Jan. 1,1932
5g.,J-J
750,000
1st mttra -^OOOo) 1902
/*i
k*ii ^UnionlTrust Co. and Security Tr. Co. of Indian&l,vw) goia. .o <sr ^ apoiig. Trustees. Int. at Security Tr. Co., Ind.
Bonds— No sinking fund, but bonds are subjeot to call after 10 years
at 105 and interest. See V. 78, p. 1223.
Earnings— For six months ending Dec. 31, 1904, gross, $64,314.
Road- Operates 30 miles of track from Indianapolis to Martinsville,
oompleted in May, 1903. 70-lb. rails, standard gauge. Extension to
Bloomington, 20 miles, has been surveyed.
OFFICERS— President, Chas. Finley Smith; Vice-Pres't and Treas.,
Henry Eitel Sec'y, Gavin L. Payne.—V. 75, p. 393, 666 V. 76, p. 972.
V. 78, p. 1223.

TRACTION

lxxx.

and Treas., H. Morris. V. 78,

p.

JACKSON, MISS.

JACKSONELECTRICRY.LIGHT&POWER
the

ORGANIZATION— Incorporated July 19, 1898. Company operates
street railway, electric light and gas plants of Jackson.
Maturity.
Interest.
Outstanding.
Date.
BONDS—
STOCK
....
$250,000
Stock, *250,000 ($100)
250,000 Apr. 1, 1928
5 g., A-O
1st mortg'ge, $250,000) 1899
Trustee.
($1,000), gold
S Int. at Memphis Trust Co., Memphis,
Sinking fund of $1,500 per annum, but bonds cannot be called.
Road— Operates 6^ miles of track.

&

Officers— President, F. G. Jones;
Sec and Treas., S. T. Carnes.

Vice-President, H. H. Corson!

STREET RAILWAYS.

Feb.. 1905.]

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4

STREET RAILWAYS.

782

JACKSONVILLE, FLA.
-Trolley.

JACKSONVILLE ELECTRIC CO

Organization— Incorporated in Florida in 1902, and is a consolidation of the Jacksonville Street By. Co., the Main Street RR. Co. and
the Jacksonville Eleotrio Light Co.; franchises on railways run for 29
and 15 years, and on lighting 9 years, all from 1902. Does entire
electric railway and a portion of electric lighting business of Jacksonville.

STOCK & BONDS—
Common, $800,000,($1 00)

Interest.

Bate.

Maturity.

Outstanding.

Fet).,'05,2%
$800,000
011111 '* 200
'"!
Feb., '05, 3%
6F "A
200,000
^OOO^lOO^
May 1, 1927
732,000
1st Mortgage $1,250,000 > 1902 5 g. M-N
gold ($1,000) o*
slnt.at Am. Loan & Trust Co., Boston/Trustee.
Bonds are subject to call as a whole at 105 and interest on any interest date. A sinking fund of 1% annually of bonds outstanding
commences after May 1, 19C7, which may be used either for extensions
and improvements or in the purchase of bonds. The preferred stock is
redeemable at 120.
Dividends.—The first dividend on preferred of 3 per cent was paid
In 1^04, Feb. 1, 3 p c Aug., 3 p c.
Feb. 1, 1903; also 3 p. o. Aug. 1
In 1905, Feb., 3 p. o. First dividend on common stock (2 p. c.) was
paid Feb. 1, 1905.
Earnings— For the 12 months ending Deo. 31, 1904, gross, $290,-

;

.

498; net, $114,036; fixed charges, $36,802; surplus, $77,234.
Road— Operates 2005 miles of track.
Officers— Pres., Geo. J. Baldwin; Vice-Pres., H. G. Bradlee; Treas.,
A. Stuart Pratt; SecHenrvR Hayes; Ass't Treas., A. A. Wright; Gen.
Managers and Transf. Agts., Stone <fe Webster, Boston.— V. 80, p. 222.

JAMAICA, NEW YORK CITY.
LONG ISLAND ELECTRIC RY.-A York &road.
North
New
trolley

Organization— Chartered March 13, 1897. as
Shore Ry. On Oct. 11, 1899, was consolidated with the former Long
Island Electric Ry.,new company having $2,100,000 capital stock and
$2,100,000 lionds. On May 7, 1902, the lines north of Jamaica were
sold under foreclosure to the Queens By. Co., which company was then
merged into the New York & Queens County By. By this foreclosure
$1,500,000 each of stock and bonds were cancelPd, leaving each at
$600,000. On Oct. 1, 1903, old name of "Long Island Electric By."
was resumed.
In October, 1899, the Appellate Division of the Supreme Court
upheld the right of the Long Island Eleotrio under the General Bailroad law to run cars carrying express matter. V. 69, p. 744. Decision
was affirmed by Court of Appeals in June, 1900. V. 70, p. 1249.
Outstand'g.
Maturity.
Date.
Interest.
BONDS—
STOCK
Stock, $600,000 ($100)
$600,000
600,000 June 1.1925
5 g. J-D
L. I. El. 1st M., $600,000 > 1895
o* $ Int. at Hamilton Trust, Brooklyn, Trustee.
($1,000)
EARNINGS.— For year ending June 30, 1904, gross, $133,127; net,

&

$42,526; charges, $38,554; surplus, $3,972.
ROAD.— Comprises 2590 miles of road from Crescent Avenue, Brooklyn (at the terminus of the Kings County Elevated), to Jamaica, Hollis,
Queens, and from Jamaica to Far Bockaway.
OFFICERS-— Pres., Chas. A. Porter, Girard Bldg., Phila.; Vice-Pres.
F. Hogan, Jamaica, L. I.; Sec. and Treas., W. C.
and Gen. Mgr.,
Martin, Phila. General Office, Washington and South Sts., Jamaica
(L. I.),N.
V. 77, p. 89. 511, 12.

Wm

Y—

JAMESTOWN,

N. Y.

JAMESTOWN STREET RAILWAY.-Trolley.
1883

Interest

...

CHAUTAUQUA TRACTION CO.-A
Incorporated
New York on March

trolley road.

in
Organization.—
controlled by tie same interests as the Jamestown

Stock

&

Bonds—

Date,

interest.

St.

17, 1903.

Is

By,

(Jutstand'g.

Maturity.

Stock, $500,000 ($100)
$500,000
5 g. A O
500.000
1st niortgas.'e,$600,000 ) 1904
1933
gold ($1,000)
o 5 Int. at Title Guar. & Trust Co., N.Y., Trustee.
Bonds.— $100,000 are reserved for extensions, etc. No sinking fund
and are not subject to call.
Road-— Operates 21 miles of track from Lakewood, where connection is made with the Jamestown St. By., to Mayvilie, there connecting with the Pennsylvania BB. Standard gaupe; 80-lb. T-rail. An
extension to Westfiold to oonnect with the Buffalo Dunkirk & Western
will be built in summer of 1905.
OFF'CERS-— Pres., A. N. Broadhea<l; Vice Pres. and Treas., 8. B.
Broadhead; Sec. W. B. Reynolds; Man., George E. Maltby; Supt..

Austin Harvey.

J.

,

Organization— Incorporated in New Jersey on May 6, 1903, and is
a consolidation of the North Jersey Street By. Co., the Jersey City
Hoboken & Paterson By., the Elizabeth Plainfield & Central Jersey
By., the Orange <fe Passaic Valley Ry. and the United. Electric Co. of
N. J., the stockholders in those companies being given certificates
described below in exchange for their stock. Holders of these trust
certificates (as also shareholders of the four leased properties) were
accorded the privilege of subscribing at par for Public Service t-tock
to amount of one-sixth their holdings. See plan in V.76, p. 865, and
also p. 1249. The Fidelity Trust Co. of Newark financed the transaction. Leases the Essex & Hudson Gas Co., the Hudson County Gas
Co., the Paterson & Passaic Gas & Electric Co., the South Jersey Gas
Electric & Traction Co., the South Orange & Maple wood Traction,
the Orange & Passaic Valley Ry., the Somerset Union & Middlesex
Lighting Co., the Camden Suburban Ry., the New Brunswick Light,
Heat <fe Power Co., the Gas Light Co. of New Brunswick and the Elizabeth & Baritan Biver St. By. Controls practically the entire street
railway business of Northern New Jersey and the gas and lighting
interests of the greater part of New Jersey.

&

Bonds—

Date,

interest,

Stock, $25,000,000 ($100)

Trust

certfs.,

stock.

Total
deposited.

ctfs. if all

New

stock exch.

$

certif.
$
$
15,000,000 14,077,400 40 p. c.

North Jersey Street By
6,000,000
Jersey City Hoboken & Paterson Street By
20,000,000 19,004,000 35 p. o. 7,000,000
Elizabeth Plainfield & Central Jersey By. Co
3,000,000 3,000,000 30 p. o.
900,000
Orange&PassalcVal.By.Co. 1,000,000
902,900 30 p. c.
300,000
United Electric Co
20,000,000 18,567,500 30 p. o. 6,000,000
Total

20,200.000

The trust deed provides that the stocks pledged shall not be used so
as to increase the capital stock of any of the companies, nor to create
any new liens upon the respective companies except to take up existing debt of any such company or of underlying or subsidiary companies.
The collateral trust notes in table above were sold in October,
1904, to Robt. Winthrop & Ce., J. & W. Seligman
Co. and Lee, Higginson & Co., and were issued to provide funds for extensions, improvements, etc. V. 79, p. 1956, 2457. They are subject to call on
a ny interest date at 102^ and interest. The following bonds of subsidiary companies have been deposited with the trustee as collateral
f or these notes:

&

North Jersey St. By. Co., 4 p. c. 50 year bonds
$7,230,000
C Hob. & Pat. St. By. Co., 4 p. c. 50-yr. 1st mtg. bonds.. 1,284,000
United Elec. Co. of N. J., 4p.c. 50-yr. 1st mtg. bonds
683.000
Somers't U.& Middlesex Light Co., 4 p. c. 40-yr. mtg. bonds.
507,000
Eliz. Plain. & Cent. Jers. By Co.. 5 p. c. 50-yr. mtg. bonds..
154,000
Orange & Passaic Val By Co 5 p. c. 40-yr. bonds
..
83,000
Central Electric Co 5 p. c. 40-yr. cons, mtg.bonds
20,000
Somerset Lighting Co., 5 p. c. 1st mtg. bonis
21,000
So. Jersey Gas El. & Tr. Co. .5 p. c. 50 yr. 1st mtg. bonds
1,507,000
Eliz. & Bar Biv. St By. Co., 6 p. c. 50-yr. gen. mtg. bonds.
19,000
Leases.— In the following we show the companies held under lease
by the Public Service Corporation, with the annual dividends called
for on the stocks of such companies.

J.

,

,

.

— Annual Rental—Dividends

Comwnv—

1st yr.

& Hudson Gas Co ...
Hudson County Gas Co
Essex

&

.

3<*.%

2

ud.

m%
2J*

3d.

Uh.

5th.

6th.

5*
3

6%

7%
5

8%
6

4

Guaranteed.

Vh.

$20,200,000

{

Collateral trust .notes,$7,-S
c
250,000 (*l, 000)

£

}^ $™£&
M-N

S

Fi

C

5

Maturity.

$10,000,000
19,023,480 Perpetual

Newark, Trustee.

$7,250,000 Nov.1,'09
Newark, Trustee.
interest at Bob't Winthrop & Co., N. Y
1 <J04.

F

Outstanding.

t
y ^. af £

.

8th. Thereafter.

8%
7

8%
8

8 yearly.

8

&
Electric Co ... •
2« 3
Hi
South Jersey Gas, Electric &
6
7
TractloD Co
8
8
8
8
3V6
Elizabeth Plainfield * Central New Jersey
Oranges Passaic Valley
Somerset Union & Middlesex Lighting
Camden & Suburuan Railway
See these companies.
Elizabeth & Rarltan River -street Railway
N^w Brunswick Light, Heat a Power Co
Gas A Electric Co. if Bergen County
EARNINGS OF STREET RAILWAY PROPERTIES
Calendar year 1 903—
Gross.
Oper Expen.
Ntt.
Paterson

Passaic Gas

m

i

*Baritan Traction Co

Camden & Suburban By
Total

$517,990

"$411,544

$106,446

4,638,891
2,076,148
199,534
58,251
551,108

2,676,316
1,273,117
109,6 93
37,679
347,183

1,962,575
803,031
89,841
20,572
203,925

$8,041,922

Public Service Corporation

North Jersey Street By
J. City Hoboken & Paterson By.
•Middlesex <fe Somerset Trac

$4,855,532

$3,186,390

These companies have since been consolidated, forming the Elizabeth & Baritan River Street By.
*

EARNINGS OF UNITED ELECTRIC CO. OF
to Jan. 31—
Gross.
Net.

12 mos.
1903-4
1902-3

NEW

JERSEY.

Interest.

Bal.,sur.

$2,065,730
$832,876
$736,971
$95,905
1,854,305
744,264
698,533
45,731
ROAD—Comprises 640-68 miles of street railway track in New Jersey.
OFFICERS— President, Thos. N. McCarter; Vice-Presidents, Albert B.
Carlton, John J. Burleigh and Charles A. Sterling; Secretary, Frederio
W. Evans; Treas., Jas. P. Dusenberry; Comptroller, Percy S. Young;
Gen'l Auditor of Street Ry. Dept., M. R. Boylan.— V. 79, p. 1956, 2457,
2797; V. 80, p. 164, 652.

Nortli Jersey Street Ry. Co.
Organization— In January, 1898, the North Jersey Street Railway
absorbed the Newark & South Orange, 18 miles; in May, 1898,
leased the lines of the Consolidated Traction Co. for 999 years. V. 66,
In Feb., 1902, decision affirming the validity of this
p. 664, 955, 1141
lease (V. 74, p. 380), was given, but case was appealed. V. 74, p.
428. Lease again upheld Feb., 1903. V. 76, p. 382.
On Sept. 29,
1903, leased in perpetuity the South Orange
Maplewood Traction
Co., for terms of which see V. 77, p. 824.
Right to Tax Franchise— In Jan., 1902, the New Jersey Court of
Errors and Appeals decided that the local authorities could not tax
the company's iranchises. V. 74, p. 281.
Proposed Tunnel Connection with New York Oily The oompany has
contracted to use the proposed tunnel under the Hudson Biver which
New Jersey BB. has arranged to build and the terthe New York
minus of whioh will be at Christopher, 10th, Greenwich and Hudson
streets. V. 74, p. 380.
Miles. Date. Interest. Outstanding.
Maturity.
BONDS
1898 4g. M-N $13,298,000 May 1, 1948
1st M., $15,000,-)
Manhattan Trust Co., N. Y., trustee.
000, g., $1,000 >
Interest at Fidelity Trust Co., Newark, N. J.
each
)
Road— Owns and operates 240 miles of track. Has 800 cars.
-V. 75, p. 394, 1087; V. 76, p. 382; V. 77, 824.

&

JERSEY CITY, N. J.
PUBLIC SERVICE CORPORATION OF N
— Street railway gas and electric.

Stock

Total

Total

!>

6gJ J
300,000 Jan. 2, 1923
payable at Morton Trust Co., Trus.
] 903
$250,527
Openaccounts June 3'=, 3903
207,775
Earnings— For fiscal year ending June 30:
Oihtr Inc.
.Wet.
Inc & taxes.
Bal., stir.
Tear.
dro«s.
1903 .. $137,784
$45,953
$33,540
$14,148
$1,735
Road— Owns 20 78 miles of track, 53 cars, 2 sweepers.
Officers— President, A. N. Broadhead; Vice-President, L. B. Warner;
Secretary and Treasurer, S. B. Broadhead; Gen. Mgr., G. E. Maltby, all
o£ Jam'-stown
$
I

gold, c*

$1,000
Bills payable June 30,

Stork and Bond".— The $10,000,000 stock outstanding was issued at
par for cash, ana the by-laws of the company are to provide that the
remaining $15,000,000 is also to be issued only for cash at not less
than par. The trust certiiicates bear 2 per cent interest (dating from
June 1, 1903) the first two years, 2*6 per cent the third year, and increasing by ^ per cent each following year until 6 per cent is reached
in the tenth year, which is to be the rate thereafter. Interest is
payable May and November. The Fidelity Trust Co. of Newark in
January, 1905, offered $2 000,000 of these certificates at 110 and
eudorsed upon them its agreement t > pay each year up to 1 912 an
a ilitional amount of interest to bring the aggregate stipulated rate
of interest immediately up to 6 per eent
See V. sO, p. 164. The following shows the terms upon which the stocks of the constituent companies were exchanged for the trust certificates'. The stocks acquired
are pledged as security for the trust certificates.

.

ORGANIZATION— Incorporated Oct. 18, 1883. Franchise runs till 1982.
Maturity.
Date,
interest. Outstanding.
Stock & Bonds
Stock ($250,00 J) par $50
$100,000
1st M., *300,0C

[Vol. lxxx.

—

&

—

(1)

CONSOLIDATED TB ACTION OF NEW JERSEY—

On June

1, 1898, North Jersey Street By. assumed control under a
999-year lease. V. 66, p. 1141; validity of lease was affirmed in Feb.,
1902 (V 74, p. 380), and again in Feb., 1903. V. 76, p. 382.
Dividends under lease are
1899-1901,
1903-1904,
Thereafter,
1902,
1905,
2*2 per cent.
2 per cent.
3 per cent.
3*g per cent.
4 per cent.
Date. Interest. Outstanding.
Divs., etc.
BONDS—
STOCK
J-Ji°
Stock, all paid in, $100
$15,000,000
See text
Underlying bonds— see below
7,158,000
)
1893 5gJ-D
1st mortgage, gold
15,000,000 June 1, 1933
$15,000,000 ($1,000) S Interest at Manhattan Tr. Co., N. Y., trustee.
The gold bonds of 1893 are seoured not only bv mortgage, but also
by deposit of $1,000,000 stook of J. C. & Bergen BB., $161,625 stock of
:

&

. .

STREET RAILWAYS.

Feb., 1905.]

stork Newark Passenger Ry. and
$99,100 etook of Jersey City Harrison & Kearney Ry. Go.
Road.— Jan. 1, 1905, there were In operation 190 miles of traok,

Newark Plank Road Co $6,000,000
,

including
Stock
N. J. Traction Co
Newark Pass'ger Ry. Stock
J. C. & Bergen RR. .Stock
Stock, debts and mileage
.

owned.
owned.
owned.

J. C.

Har.

&

of the leased and controlled lines
Stock,
Funded debt.
Miles.

None

$500,000
6,000,000
83
504,000
12
1,000,000
41 1a
Jersey City <fe Bergen RR
* 100,000
Jersey City Harrison & Kearney Ry. 10
162,000
Newark Plank Road
4*s
1,000,000
10%
Passaic & Newark Elec. Trac
4,000 shares
Port Riohmond <fe Bergen Pt. Ferry
* On this $18,000 has been paid in.

New Jersey Traction Co
Newark Passenger Ry
Rapid Transit Street Ry

$5,850,000
500,000
258,000

550,000

JERSEY CITY & BERGEN RAILROAD—
Road— Owns from Jersey City to Bergen Point, etc, total track,

41*8
Controlled by Consolidated Traotion Cq., all the stook being
deposited as part security for the Traotion Co. 1st mortgage.
Maturity
Interest. Outsland'g.
Date.
Stock &. BONDS—
$l,000,000f.p
Stock ...-V.........
Jan. 1,1923
258,000
1st mortgage ($1,000). .0*. 1873 4iflJ.-J.
Bonds.— The bonds (orlgir ally 7s) matured Jan. 1, 1903, but were
extended as 4^8 for twenty years from that date.
miles.

NEWARK PASSENGER RAILWAY—Electric.

Organization—Incorporated June

16, 1890.

On

July 29, 1893,

leased to New Jersey Traction for 999 years, and so controlled by the
Consolidated Traction Co. of New Jersey, the N. J. Traction Co. having been leased to the Consol. Traction Co. of N.J. Jan. 2, 1894, for
999 years. Charter said to be perpetual.
LEA^t and Rental—Rental under the lease, $105,000 yearly.
Maturity.
Par. Interest. Outstanding.
BONDS—
STOCK
$6,000,000 Own. by C Tr.
$100 Text.
Stock
A-O
496,500 Apr. 1, 1905
o*. w^o^-i^tw
Orange & Newark 1st M... ^f^o56
©«J Int at Manhattan Tr. Co., N. Y. City.
M-N
753,500 Nov. 1,1905
6
Essex Pass. cons.
July 1, 1930
4,600,000
NewarkPass.Ry. 1st con. > 1.000 5 g. J - J
1890, $6,000,000 g.-.C* S Manhattan Trust Co.. New York, Trustee
The $6,000,000 stock is all deposited as security for the Consolidated
Traction Co. first mortgage.
Interest on consol. 5s is payable at First National Bank, Jersey
on other bonds at Manhattan Trust Co. of New York. The
City
consols are guaranteed principal and interest by the Consolidated
Traction Co. of New Jersey, and in February, 1895, the guaranty was
stamped on the bonds. V. 59, p. 969.
Oonsol. Bonds—Of the $6,000,000 consols, authorized $1,250,000 are
reserved to retire liens.
ROAD—Feb., 1905, aggregated 83 miles of track.— V. 70, p. 1049.

&

M

&£

I

;

(4)

&

Orange

Passaic Valley Ry.

900 years from Nov. 1, 1903, to IPuolic Service Corpora"
tion for interest on the trust certificates issued in exchange for stockOrganization— Incorporated in 1898 as successor of Suburban
Leased

for

Traction Co.; sold in foreclosure July

BONDS—

mnnnnnn

1st mort., $1,000,000
mort

S

1898

£ N j

RAPID TRANSIT STREET RAILWAY.

Organization— In February, 1892, leased to Newark Passenger tvailway, and included with it in lease to New Jersey Traotion. and so for me
part of Consolidated Traotion system.

6,

1898.

Interest.

Date.

J-D

5
Tit Quar<

Elizabeth Plainfleld

(2)

(3)

sack, a distance of 12 miles, over wiiich an electric road was constructed in 190vS. Jersey City Hoboken & PatersonRy. owns a a ajority
of the stock and guar its $1,000,000 5 per cent bonds, dated 1901, principal and interest. N. J. Title Guar. & Trust Co., Jersey City, Trustee.

K. RR... Stock owned.

Newark Plank Road. Stook owned.
Passaic & Newark El.Stook owned

783

Outs'ding.

$733,000

& Tr Co

& Central

Maturity.
Dec. 1,1938

of Jer8ey

c

,'

yi

^

Jersey Ry.

Leased to Public Servioe Corporation for 900 years from Nov. 1,
1903, for interest on the trust certificates issued in exchange for stock.
Organization— Chartered in November, 1900, as a consolidation of
the Plainfleld Street Ry. and various other companies.
Date.
Interest. Outstanding.
Maturity.
BONDS—
Dec. 1, 1950
1st mtge. $2,500,000)1900
5 g. J-D
$1,969,000
($1,000), gold, c*. No > Interest at Fidelity Trust Co., Newark,
s.f. & cannot be called ) trustee.
Plainteld8t.Ry.lstM.,)

J&J

1942

100,(00

Int. at Fidelity Trust Co., Ne wark.
($1,000) o* call in 1904 J
Bonds— Of the total issue of 1st mtge. bonds. $411,000 is held for
future betterments or extensions and $100,000 to provide for like
amount of the PlainfieldSt. Ry. Co. bonds. See V. 71, p. 1310.

United Electric Co.
BONDS

Date.

Outstanding.
Maturity.
4g. J-D
$17,979,000 June 1, 1949
gold ($500 & $1,000) J Int. at N.J. I'itle Guar. &Tr. Co J.C., trustee.
Con. Lt., Heat & Pow. > 1898
5 g. J-D
445,000 June 1, 1938
$1,000,000 ($500) g., 5 Int. at N. J. Title Guar.& Tr. Co J.C., trustee.
No. Hud. Lt. Heat & P. ) 1898
5 g. A-O
412,000 Oct. 1, 1938
$2,000,000 ($1,000).. S Int at N. J. Title Guar. & Tr. Co., J. C, trustee.
Bonds— In addition to the above there are $115,000 Con. Lt. H. <fc
Pow. bonds in hands of trustee. $1,701,000 1st mtue. bouds are reserved to retire the $ »72,000 prior liens on following basis: $175 1st
mtg. bonds for $100 prior bonds and $20 cash.
1st mtge. $20,000,000,

Interest.

1899

;

,

,

COMPANIES LEASED RY PURLIIC .-.ERVICE CORPORATION.
Essex & Hudnoii Was Company.
This company i-s leased to the PuDlic Service Corporation for 900
years from June 1. 1903. See Terms fnrther above. The Uniied Gas
Improvement (Jo. owns a majority of the stook.
Organization— Incorporated in New Jersey in November, 1898. and
leases the Newark Consolidated Gas Co. for 999 years from Dec. 1, 1898
at a rental of all fixea charges and dividends on the $6,000,000 stock
of that company, commencing at 4 per cent on July 1. 1900. and increasing ^ per cent yearly until 5 per cent is reached in 19 10; thereafter 5 per cent p-r annun.
Date. Interest. Outsland'g. Maturity.
BONDS—
Stock
Stock, $6,50l>,000 ($100)
J-D
$6,500,000
New'k Cons. Gas cons M., ) 1898 5g. J-D
6,000.000 Deo. 1, 1948
Fidelity Trust Co., Newark, Trustee.
$10,000,000, g ($1,000) c* 5
r
N
6t
$4 000
Q' J
4 000 .° 00 A P r 1. 1944
".
^ 1895 6

&

M

ooo JBoo>
1
Bonds -Of the $16,600,600 Newark Con. Gas bonds, $4,000,000 are
'.

>

-

Outstanding. Last div., etc.
See text.
$504,000

reserved to retire underlying liens.
Plant— Owns entire gas plants in the territory between Passaic and
Elizabeth, including Newark.— V. 67, p. 1002, 1160.

i' 000
500,000 Apr. 1, 1921
Interest at office of Fidelity Trust Co., Newark,
iiu<e im, anytime > -»r T m........
-' irustee
after April 1, 1901. J
Dividends of 11% per cent yearly are guaranteed by the Newark
Passenger and New Jersey Traction companies upon the trustees' certificates issued for stock. Miles of track 12-07.

This company is leased to the Public Service Corporation for 900
years from June 1, 1903. See terms further above.
Organization.— Incorporated in New Jersey in October. 1899, and
is a consolidation of the various gas plants in Jersey City and Hoboken.

STOCK, BONDS, ETC.—P«»"-

Interest.

11%J-D30
5 & A"

Stock, trustees' certs

^uWect^aVat
,aT^, „„5 «™I
i

(

(5)

PASSAIC &

NJ

-

NEWARK ELECTRIC TRACTION—A trolley road.

Organization— Incorporated April 30, 1895, and acquired all the
$1,000,000 stock of the Passaic & Newark Electric Ry. Consolidated
Traction Co. of N. J. owns all the stock and guarantees the bonds.
Maturity.
Date. Interest. Outsland'g.
Stock
BONDS
Stock., $1,000,000 (par $100)
$1,000,000
1st M.,$l,000,000,guar. p&i. < 1897 5
J-D
550,000 June 1, 1937
by Consol. Trac. of N. J. .. \ Int. at N. J. Title Gu. & Tr., Jersey City.
Road— Owns 10*78 miles of traok.

—

&

(6) SOUTH ORANGE & MAPLEWOOD TRACTION —Trolley.
This company was leased on Oct. 1, 1903, to the North Jersey St. Ry.
(now part of Public Service Corporation) in perpetuity, the rental
being $2,000 on tbe preferred stock for first year and increasing $500
yearly until ninth year, when $6,000 is paid, which amount is to be paid
thereafter. Rental is guaranteed by Public Service Corporation of New
Jersey.

Organization— Consolidation in July, 1901, of the South Oraige
MaplewoodTr.Co.andthe South Oranere &Maplewood St. Ry. Stockauthorized,

preferred, $150,000. No bonds.
miles.— V. 77, p. 824

common, $75,000;

ROAD— Total, including sidings, 5'5

Jersev City Hoboktn & Paterson Ry.
Organization— This is a consolidation Nov., '99, of the following
properties: Jersey City Hoboken & Rutherford Electric; North Hudson County (controlling the Hudson & Bergen Traction and the Pavonia Horse RR.); Palisades RR.; Paterson Central Electric; Paterson Horse RR.; Paterson Passaic & Rutherford Electric; Paterson Railvay; Saddle River Traction; White Line Traction, formerly the New
Jersey Electric. On Jan. 1, 1906, operated 145 02 miles of traok.
-

Date.
Interest. Outsland'g. Maturity.
BONDS
1899 4g.M-N$13,115,000Nov.l,'49
T P TT * P mtff
a-old (
ff
"^n ™'n nnrwq™ oom «* 1 1nterest at N. J. Tit. Guar. & Tr. Co., Jer$.ju,ooo,oou «,i,ooo). c
^

gey CitV) Tru8tee-

Bonds of Constituent Companies— North Hudson County Rv.
Maturity
620,000 Jan. 1, 1914
Consol. mort. ($3,000,000) ) , QQB
i88 °
5 J.-J.
2,378,000 July 1, 1928
$620,000 to retire IstM.e* 5
1894 5 M.-N.
1,292,000 May 1,1924
2d mortgage ($1.000)
100,000 Feb. 1. 1915
1895 5 F.-A.
Weehawken Ext. M.
Central Trust Co., New York, Trustee.
"A
189 °
6 F
50,000 Aug. 1, 1907
\
Paterson Citv ±ty.
i-aterson city Rv
^ Interestat First National B'k of Paterson.
Paterson Rv.
onsol. M., $ 1891
6 g, J.-D. 1,000,000 June 1, 1931
g.,$l,250,000 ($1,000> ..o( Knickerbocker Trust Co.. N. Y Trustee.
PatersonRy. 2d gen. mort, $ 1894
300,000 Oct., 1, 1914
6 A.-O.
$300,000, red.at any time c Paterson Savings Institution. Trustee.
Paterson Ry. 1st M
1888
$200,000 June 1, 1908
6 J.-D.
"Other Debts" Dec. 31, '03
1,006,531
Bonds.—The second 5s of the North Hudson County Ry. expired May
1, 1904, but were extended until May 1, 1924. See V. 78, p. 1392.
These bonds are redeemable at 110 and interest on any interest date.
Date.

1st

mortgage

($1 ,000)

M
m

Outsland'g.

Interest.
6 J.-J.

-

-

•

,

|NDEX-V.78,p. 1392.
(1)

BERGEN TURNPIKE

CO.

Organization— Originally chartered on Oct. 27, 1802, with $53,990
oapltal ($10 shares) and owns the turnpike from Hoboken to Haoken-

Hudson County Gas

Stock

&

Bonds.—

Date.

Stock. $10 500 000, $100
l8
tSe ''* 10 500,000

1899

'

gohl

}

Plant —Controls

all

Maturity.

$10,500 000
10 290,000 Nov. 1,1949

M"N

gas plants in Jersey City, Hoboken and Hud-

son County, N. J.— V. 78,

Paterson

Outstand'g.

Interest.

5 S-'

Co.

p.

770.

Passaic Gas

&.

&

Electric Co.

This company is leased to the Public Service Corporation for 900
years from June 1, 19»3, See terms further above.
Organization.—Is a consolidation of the various gas and lighting
properties of Paterson and Passaic.

Stock

&

Bonds—

Date.

Interest.

Outsland'g.

Maturity.

J-D
$5,000,000
1899 5g. M-S
3,970 000.. Mar. 1,1949
Cons. mort, $5,000,000,
Int at First National Bank, Paterson, or
gold ($1,000)
o"
First National Bank, New York.
^at Gas L. 1st mort..... 1866 5
50,000 ..July 1.1906
Pat. Gas L. 2d mort
1868 5
5,000 ..April 1, 1906
Ed El. 111. 1st mort
1892 5
150,000. ..July
1,1912
Ed. El 111 gen. mort
1895 5 g.
398,000 ..June 30, 1925
Pat El. L't 1st mort
1888 6 g.
52.000 ..May 1, 1908
Pass. Ltg Co con. mort 1895 5 g.
316,000 ..May 1,1925
Pass Ltg. Co. '^d mort ... 1897 5 g.
Annually.
9,000
Pass. Gas L 1st mort ... 18^2 6 g.
1892
50,000.. .June 1,1922
Bonds—Of the new $5,000,000 mortgage of 1899. $1,030,000 are reserved for underlying liens The new bonds are not subject to call.
The Paterson Safe Deposit & Trust Co. is trustee.
Somerset I 11I011 & Middlesex Lighting Co.
Organization— Incorporated in New Jersey on Dec. 1, 1903, in the
Stock, $5,O00,0C0, $100

"".

interest of the Public Service Corporation, as a consolidation of the
Somerset Lighting Co., of Somervilie, N. J., the Plainfleld Gas
Electric Light Co. of Plainfleld, N. J., and the Citizens' Electric Co. of
North Plainfleld. (V.78, p 107.) On Dec. 31, 1903, the Central Eleotrio
Co. was also merged in the same.
Lease—The company is leased to the Public Service Corporation for
900 years from Deo. 31, 1903, on iollowing terms, viz: all interest,
expenses and taxes to be paid by Public Service Corp. am-1 as rental a
dividend on the stock accruing as follows : From Dec. 1, 1905, 1 p.c;
Deo 1, 1906, 14 p.c; Dec. 1, 1907. 2 p.c; Deo. l, 1908, 24 p. 0.; Deo.
1, 1909, 3 p. c; Dec.l, 1910, 34 p.c; Deo. 1,1911, and thereafter 4 p.c
Date. Interest. Outstand'g. Maturity.
Bonds—
STOCK
See text.
Stock, $1,050,000 ($100)
J-D
$1,050,000
&M.Lt. Co. M.,> 1903 4 k. J-D 1,181,869 Dec. 1, 1943
Somerset
$2,750 000 ($1,000), g..o* S Int. at Fidelity Tr. Co., Newark, Trustee.

&

&

U

Underlying bonds assumed.
60,000 Oct. 1, 1905
Gas Light 1st .... 1890 5 A-O
J-J
110,000 Jan. 1, 1911
a
Di„i«««i^ Gas a. pi„„ 1st.. 5 1891 5
Plainfleld n. na & Elec ,
\ Central Tru8t Co-> New York. Trustee.
40,000 Nov. 1,1915
5
5 1895
Pitl7«n«« Fl«ntH« 1 atCitizens Electee 1st
} Kniokerbooker Tr. Co., New York, Trust.
Plainfleld Gas & Eleot. Lt. ) 1900 5
205,000 Apr. 1, 1940
A-O
gen. M., $500,000
\ Morton Trust Co., New York. Trustee.
„ ,
150,000 Feb. 1, 1936
F-A
„.„„„, , + ,
o
Somerset Lighting Co. 1st. s 1899 5 Trust C o„ Newark, Trustee.
\ Fldellty
700,000 July I, 1940
Cent. Elec 1st M., $750,000 ? 1900 5 g. J-J
'$500 & $1,000), g
o* >Int. at Fidelity Tr.Co., Newark. Trustee.
Bo7ids -$1,1 27,869 of the 1903 bonds were issued in exchange for
the stocks of the companies consolidated; $792,125 are reserved for
additions and extensions or acquiring other property; $1,006 for the
Plainfleld

«.

MN

.

—

STREET RAILWAYS.

784

Central Electiio stock not ytt acquired (.the company having previously obtained the remainder of the $7? 0,000 total stook of
to retire the underlying bonds. No sinkthat 01 mpany) and $775,0'
ing fund aud bonds cannot be called. Of the $500,000 Plainfleld Gas
and $85,000
<fe El-o. general 5s, $210,000 are reserved for prior Hens
for construction. Of Central Electric Co. bonds, $50.«>00 are reserved
The Central
to retire a like amount of Middlesex Electric Co. bonds.
Electric bonds are subject to call a'ter (905 at 110 and interest.
President, H. G. Runnle; Secretary, J. C. Pope. V. 78, p. 107.

South Jersey Gas, Eleitric

&

Traction Co.

This company was leased to the Publio Service Corporation for 900
years from June 1, 1903. See terms further above.
Organization— Incorporated in 1900 to bring under one control
the gas, electric light and trolley interests in Southern New Jersey. In
Dec, 1902, purchased the entire oapital stock of the Bristol Electric
Light & Power Co of Bristol, >'&.; ttie latter has no bonded debt.
Also owns the entire capital stock ($600,000) of the Camden Gloucester & Woodbury Ry. All the latter's 1st mortgage bonds have been
turned in and canceled. The oorporate existence of the railway is,
for legal reasons, maintained, but it is operated as part of the property
of the South Jersey Gas. Electric <s Traction Co.
Outstand'g.
Maturity.
Stock & Bonds— Dale, interest.
Stock, $6,000,000,

$100
1st

M„

000,

.

l
\

$15,000.-

g. ($1,000).

guar
Trenton Gas

c*
El.

—

T t,
JU

>•

5<*.

.

.

Bonds.— Of the

i

.

M-S

Pg M-N

Col'.'Sf.

Y. /trustee.

May

100,000

Int at Burlington City Lo

new $15,000,000

March 1,1949

2,000,000

at Colonial Trust

I

.

Mar. 1, 1953
Newark, N. J.,

Trustee.

1

&
1899
^
2
^'\$\ 000)'" > Intere8t
000
1900
Burlington Gas L.
Co. bonds.

$6,000,000

8,253,000
5g. M-S
Interest at Fidelity Trust Co.,

1903

)

&

Tr.

Co

,

1.

1920

Burl'n,

J.

N

$2,111,000 are reserved to
retire prior liens and $4,636,000 for additions and improvements.
No sinking fund and bonds cannot be called. These bonds are guar
anteed by the Pub!i<> Service Corporation. The Trenton Gas & Elec
trio Co. bonds are also guaranteed by the Publio Service Corporation.
ROAD—Jan. 1, 1905, the Camden Gloucester & Woodbury Rv. ownei)
24-78 miles of track.— V. 76, p. 332, 544, 866, 1144, 1250; V. 78, p. 1449.
'

a :itde

111

issue,

& Suburban Rr.

Was leased on May 1, 1904, to the Public Service Corporation for
999 years, rental being (in addition to fixed charges) $30,000 the tirst
vear (1905), $36,000 the second year, $<*2,C00 the third year, $48,000
the fourth year, $54,000 tbe fifth year, $72,000 the sixth year, $84,000
the seventh year, $96,000 the eighth year, $108,000 the ninth year
and $120,000 the tenth year and thereafter. V. 78, p. 2383.
Organization— Formed in 1896. Controls the Camden Horse RR.

the W^st Jersey Traction Co. (stock, $65,000).
Date.
Interest.
Outttandiny.
Maturity.
Q-F
See text.
StoCB. $3,000,000, ($25)
5 J-J
1,302,000
July 1,1946
1st mortgage, $3,000,000, J 1896
.. }Int.atN.J.Tr.&S.D.Co.,Camden,N.J.,trus.
gold ($1,(00)....
"Other debts" Dec. 31, 1903
367,222
Stock.—The stock is all outstanding; 20 p. c. pali in.
Earnings For year 1903 gross income from passengers, $532,198;
other income, $18,910; total income, $551, lOd; operating expenses and
repairs, $347,184; balance, surplus, $203,924.
ROAD— Track, 5037 miles; Camden Horse RR., leased, 30 ll m.;
West Jersey Traction Co., 3-19 m.; total, 8367 miles. Connection
through to Trenton is made over the Camden & Trenton. Y. 78, p.
1781, 23S3.

(which

is

STOCK

and
Bonds —

leased)

&

-

CAMDEN HORSE RR. -A trolley and horse road.
)
ORGANIZATION— Incorporated March 23, 1866. Leased to the Camden
& Suburban Ry. from April 1, 1896. Rental, etc., received in 1903,
(

$55,600, from which paid 22 p.
Date.
Stock
Bonds—
Stock ($25) paid in

&

o.

on stock.
Interest.
See text.

Outstand'g. Last div.,

$250,000
250,000

etc.

See text.

1st mortgage
5
1909
1st cons. M. ($500,000
1892
5M-N
($500)
250,000 May 1, 1912
Interest payable at New Jersey Trust Company, Camden, N. J
Dividends— 1896, 14 p. c: '97. 16 p. c; '98, 18 p. c; '99, 18 p. c; '00,
20 p. c. '01, 20 p. c; 1902 and 1903, 22 p. c.
Road.— Has 30*11 miles of track.
;

Elizabeth & Raritan itiver Street Ry.
Orqanzation.— Is a consolidation on A.pril 30, 1904, or the Middlesex

& Somerset Traction Co. and the

East Jersey Street Ry., which
company had previously absoibed the Raritan Traction Co., the
Perth Amboy RR. and the, East Jersey Traction Co. Is leased to the
Public Service Corporation for 900 years from May 2, 1904, upon
guarantee of interest on outstanding bonds of lessor company.
Date. Interest Ontslaud'q.
Maturity.
STOCK & Bonds—

latter

Stock, $3,500,000
5
Gen mtee *cf,50O,000
Gen. mtge., -83 500 000
j
Brunswick Traction mtg..g. t
($1.000),c* cannot be called $
Middlesex & Somerset Trac, /

g..$l,000,M..$l,500,000.o A

$2,000,000
518,000 May 1,1954
Fidelity Trust Co., Newark/Trustee.
1896 5g. J-J
500,000 July 1.'26
Fidelity Trust Co. of Newark, Trustee.
1900 5 g.J-J $1,000,000 Jan. 1,1950

1904

5*.

M-N

Int. atFidelitv Tr. Co., Newark, Trustee.
1904 5g. M-N
425,000
1, 1944
5 Perth Amboy Tr. Co.. Perth Amboy, Tr.
Bonds.— Of the new general mortgage of 1904 $2,000,000 are reserved to retire prior liens and $982,000 for Improvements. Of the
East Jersey Street Ry. 5s of 1904 $75,000 are reserved to retire a like

East Jersey 1st mtge., $500,000, gold

S

May

)

amount of notes.
Road.— Operates 60-78 miles of track. V. 78, p. 2384, 2442.
Gas & Electric Co. otgjiKergeiigCounty.

LEASE—Is leased to the Publio Service Corporation for 999 years.
Dividends are to be 2 p. c. for first two years, 2^ p. c. for the next
year, 3 p. c. for the next two years, 4 p. c, for the next four years and
5 p.

c.

thereafter.

Is a consolidation of several small gas and eleotrlc
light companies. Stock w*s formerly held in a, voting trust, but this
expired by limitation on Dec. 28, 1904. See V. 80, p. 653.
Dale. Interest Outstand'g.
Stock
Bonds
Maturity.

ORQAN'ZATION-

&

Stock, $2,000,000 ($100)
Gen. mort., $5,000,000, >
gold ($1,000).
5
Con. mort., $l.f 00.0C0, g
N. Y. Ruth & Sub. con. M.
...
Ruth. & B. Spgs. »en.
Engle. G.
E. gen.
Bergen Co. G. h. Is
Hack. G & E. deb., Series >
.

&

M
M

M

.

.

$2,000,000

1904 5 g. M-N
8OO.O0O Nov. 1, 1954
Bowling Green Trust Co., N. Y., Trustee.
1899 5g1,303,000 June 1, 1949
1895
50,000
1891
50,000
1911
1899
23,000
1939
1893
14,000

22,000
38,000
Bondi—Ot the general mort. for $5,000,000, $1,500,000 are reserved
to retire prior liens and $2,700,000 for additions and improvements.
OFF CEhS— Pres., Dr. D. St. John, Haekensack.— V. 80, p. tJ 53.

and •:..
Hack. G. & E. sen.
1

M

5

New Brunswick Light Heat & Power Co.
Orqan'Zat ion— Incorporated in New Jersey on Dec. 7, 1899. Owns
all the stock of the Gas Light Co. of New Brunswick. Is leased to the
Publio Service Corporation for 900 years from Jan. 1, 1905, rental
being 2 p. c in each of the years 1905 and 1906, 2^ p. 0. in 1907 and
1908, 3 p. c. in 1909 and 1910, 3*2 p. 0. in 1911, 4 p. o. in 1912, 4^ p.
c. in 1913, and 5 p. c. in 1914 and thereafter.

|

Vol. lxxx.

Dace. Interest. OtilStand'y.
Muluriln.
bTOC*. Qo BoNDb —
Stock, $500,00u ($1(0) ..
$400,000
See text.
J-J
1st mort., $500.000,gold> 1899 4g. JD'5
475.000 Dec. 15, 1939
($500 and $1,000).. c 5 Int. at Fidelity Tr. Co., Newark, Trustee.
OFFICERS— President, John C. Eisele, Newark; Sec, H. M. Barrett;
Treas., Nathaniel King, Newark.— V. 79, p. 2799.

JOHNSTOWN,

PA.

JOHNSTOWN PASSENGER RY.-A

trolley road.

Organization.— Incorporated In Pennsylvania on May

&

STOCK

BONDS—

Date.

Interest.

$50
Q-M31
$250,000) 1890 6 g. M-S

Stock, $2,000,000, par
1st mortgage,
($1,000) gold

c*

S

Int. at Fidelity

D

8, 1882.
Outstanding. Maturity.
$2,000,0(0
See text

229,000
1910
Trust Co., Phha., Trustee.

™™

399 000 D e°- L
Co " N Y " Tru8tee
New mortg'ge, $2,000,000 > 1901 4 g. J-D
1,350,000 Dec. 1. 1931
c*5 Int. at Johnstown Trust Co. Trustee.
($1,000) gold
Bonds- Of the new mtge. of 1901, $628,000 is reserved to retire
underlying liens and $22,000 to provide for the floating debt. Entire
issue may be called at anytime at 105 upon 30 days' notice. SeeV.
-

1899 4
J
°°($i 00*07 cT'be^cX'd I
Int " at Guar Tru8t
any interest day
. c* 5

«

'

'

'

'

.

,

73, p. 1313.

Dividends— In 1894, July 1, 6 p. c; in 1895, 12 p. c; 1896, 6 p. c;
1897, 6 p. c; 1898, 6 p. c; in 1899, 8 p. c; in 1900 (on new stock) 4 p.
c; in 1902, none; in J 903, 2 p. c; in 1904, March 31, ^ p. c; June 30,
±a p. c; Sept 30, ^ p. c; Dec. 31, ^ p. c.
Earnings—Year ending Dec. 31,1904, gross, $324,940; net, $157,957; interest, $85,215; surplus, $72,142.
Road— Owns and operates about 33 miles of track, Including an extension from Johnstown to Windber, 11 miles, completed on Jan. 1,1902.
Officers— President. T. C. Du Pont, Wilmington, Del.; Vice-Pres.,
William R. Thomas, Johnstown; Sec. S. E.Young, Johnstown; Treas.,
Herman Baumen, Johnstown.—V. 72. p. 936: V. 73, p. 662, 1313.

JOLIET, ILL.
JOLIET PLAINFIELD & AURORA RR.-A
trolley road.
Stock

& BONDS—

Date.

Inter ett.

Stock. $400,000 ($1C0)

FA

Outnland'g.

Maturity.

$400,000
400,000

1st mortgage, $400,000, ) 1903
5 g.
Aug. 1, 1938
gold ($1,000)
c\fcr$ Int. at Federal Tr. &. Sav. Bk.,Chicago,Trust.
Bonds— Are subject to call any interest date after 10 years at 105.
R OAD Operate 20 miles of track between Joliet and Aurora, thereby
forming a connecting link between Chic
Joliet Electric and Aurora
Elgin
Chicago. Has long-time contract with Chic. & Joliet for use
of terminals at Joliet and sets its power from that company. Has
similar contracts for terminals at Aurora. 60-lb.T rail, standard gauge.
OFFICERS— Pres. and Treas., F. E. Fisher; "Vice-Pres. and Mgr., H. A.
Fisher; Secretary, F. E. Stoddard; Supt., L. D. Fisher.— V. 77, p. 1294.

—

&

&

KANSASCITY, MO.
KANSAS CITY RAILWAY & LIGHT CO-

Organization Incorporated in 1903 in New Jersey, and has acquired the entire outstanding capital stock of the Metropolitan Street
Railway of Kansas City and the Kansas City Electric Light Co. (Plan
in v. 76, p. 1143.) Through Metropolitan Street Railway stock, the
Kansas City Railway & Light Co. acquires the stock of the Central
Electric Railway Co. and practically ail of the stock of the Kansas
City Elevated Railway Co., and through the stock of the Kansas Citv
Electric Light Co. it acquires the stock of the Edison Electric Light &
Power Co. (of Kansas City), the Consolidated EleotricJLigkt & Power
Co, the Standard Electric Light Co. and the Kansas City Electrioal
Wire Subway Company— except, of course, in each instance the qualification shares held by directors.
Controls all the street railway,
electric-lighting and power business of Kansas City.
Street Railway Franchises.—The franchises of the railway lines in
Kansas City, Mo., in which city the greater part of system is located,
have been recently revised and confirmed, and franchises granted for
extensions and valuable trackage rights in newly populated portions
of the shopping and delivery districts, all of which franchise- are operative to the uniform date of June 1,1925. The railway franchises
in Kansas City, Kan., have recently been renewed and authority given
to build extensions, all for the maximum period for whioh the city
had power to grant the same, namely to Dec 19, 1922. By the terms
of the franchises the rate of fare is definitely fixed at 5 cents, transfer
privileges are provided, and the taxes practically limited to 8 per cent
of the annual gross receipts.
hlectric Light Franchise.— The franchise of the Kansas City E16Ctrio Light Co. is perpetual.
Date. Interest. Outstanding.
Maturity.
STOCK
BONDS—
Common, $12,5(0,000
$9,635,000
Pref. 5%,n.c, $12,500,000
5 Q-M
9,522,000 Dec, '04, 1*4%
5 K-M-N15
7,325.000 May 15, 1913
lRt lien refund
S20 -^ 1903 Seo
«*rS
c&r } Int at 0o & TrU8t Co -> New York. Trustee.
000,000, gold
s agency in Kansas City or N. Y.
Notes, $3,000,000($5,000>.1904 5 n J-D
3,000,000 Dec. 15, 1907

&

InmnTnH

M

NY

'

-

,

Underlying Liens.
Ry. 1st? 1886 5gJ-J
$556,000 July 1, 1916
M. ($1,000) drn. at 110. 5 Int. at Central Trust Co., N. Y., Trustee.
Met. St. Ry. gen. mort. < 1889 5 g M-S
1,000,000 Sept 1, 1909
($1,000,000), gold
I Int. at New Eng. Trust Co., Boston, Trust.
KC. Cable 1st M.,ext. in) 1887 5g. A-O $1,050,000 Apr. 1,1911
Int. is payable in N. Y. by Blair. & Co.
gold, 1897, guar. p.
1., >
ext.in 1901; red. at 102^ > and in Boston by New Eng.Tr. Co.,Tru8tee.
8
8 e
"°
$300,000 Apr. 1, 1911
ft %^'V°nd£ 1887 5A
Redeemable at IO213 at any time.
)
agahfiu 1901
Grand Avenue Ry.""lst) 1888 5 g.J-J 10 1,200,000 July 10, 1908
c \ Central Trust Co., N. Y., Trustee.
mortgage, gold
4,394,000 May 1, 1910
Metroplitan St. Ry. con. ( 1895 5g. M-N
mortgage,
$8,500,000, < Not subject to oall before maturity.
c* C Int. at Old Colony Trust, trustee, Boston.
gold
1899 5 « "N
2,000,000 May 1. 1914
Cent Elec Rv 1st mort f Int.
*£1 non^nirT J
at Colonial Trust Co., N. Y., trustee.
*?> knn
$2500,000 ,$l,000)goUM B onds may be called at 105 on any in° I terest day on 30 days' notice.
» uar
Feb. 1, 1908
30,000
ParkJConnec. Ry., p. & i. U898 6
....
guaranteed
< U. S. & Mexican Tr. Co., Kans. City, Trust
July 1,1911
1901 5 g. J-J
250,000
)
Fast Side Flee Rv 1st
loin 000 Sold fiiooor Int at Colonial Trust Co., N.Y., Trustee.
Corrigan Con.

St.

<fc

^T^t

M

™n

M

ti^J,^
not guar

g

(*i,o»o>.

o

-

fwm.Huttig of Kansas City

is

also Trustee.

Nos.f„butmaybeoaUedatparanylnt.date.
Controlled Oompany.

Kansas City Elevated Ry.
1st M. pref. ($600,000)

&

j

6gJ-J
4gJ-J

$600,000 July 1, 1922
2,000,000 July 1,1922
Manhattan Trust Co., N. Y.
Bonds.— Of the new $20,000,000 mortgage of the Kansas City Ry. &
Light Co., $10,780,000 are reserved for underlying liens and $l,89o,000 remain in the treasury. These bonds are both coupon and registered, the coupon bonds being In denomination of $1,000 and the
g.

l.o*
1892
($1,000) guar. p.
gen'l ($2,000,000) > 1892
Interest at
g. ($1,000) guar. p. &i. s

2d M.

Feb., 1905.

STREET RAILWAYS.

j

registered bonds in denominations of $1,000, $10,000 and $50,000.
The new bonds are redeemable at 105 and interest on any interest
date. The Metropolitan St. Ry., the Kansas City Electric Light Co.
and the Central Eleo. Rv. in May, 1903, made mortgage notes aggregating $10,500,000. which are deposited as collateral under the new
Kansas City Ry. & Light Co. mortgage; the share capital acquired of
the Kansas City Eleo. Light Co. and the Metropolitan Street Ry. has

been so deposited.
The notes ot 1904 in table above are secured by pledge of $2,000.000 of the company's bonds and $2,500,000 of its preferred stock.
They are subject to call on and after Deo. 15, 1905, at par and Interest.
Of the Metropolitan consolidated mortgage for $8,500,000 enough
were reserved to retire when due the existing bonds of the Corrigan,
Metropolitan, Grand Avenue and Kansas City Cable issues described
In the table above, amounting now to $4,106,000. The Kansas City
Cable and Summit Street mtgs. fell due April 1, 1901, but were extended by endorsement for 10 years.
Kansas Oity Elevated By. 1st M. preference 6s are guaranteed,
principal and interest, by endorsement by the Metror olitan Street Ry.;
so are the 2d M. general 4 s. The guaranty on the latter was 3 per cent
per annum until July, 1895. and sinoe then 4 per cent. For form of
also

guaranty, see V. 73. p. 1160.
Dividends -First dividend, 1^ per cent on preferred stock, was paid
on June 1, 1904, and XH p. c. was again paid on Sept. 1 and Dec. 1
1904.
Report—For year ending May 31. See report in V. 79, p. 1329.
Total.
Light.
Railway.
1904—
$480,^22
$3,878,357
......$3,397,436
Gross earnings
210,164
2,090,171
1,880.008
Operating expenses

$1,517,428
5,689
1.163,135

$270,758
89,887

$1,788.1*6
5,689
1,253,022

$359,982

Net earnings
Otherincome
Interest and taxes

$180,871

$540,853

Surplus

Revenne passengers carried, 66,995 933; transfer passengers

carried,

29,242 368; total, "96,238,301.

Latest Earnings—June

1 to Dec. 31, 1904, gross, $2,609,608; net,

$1,147,704.

Road.— Feb., 1905, comprised 306 miles

of road

and 211 miles

of

track.

OFF'CERS.— President, Bernard Corrigan; Sec. and Treas.,
Kirkpatrick; Auditor, J. A. Harder.— V. 79, p. 1329, 2697.

W.

E.

KENNETT, PA.

CHESTER KENNETT & WILMINGTON ELECTRIC RY.
"WEST

Receivership.— On <une 22, 1904, Bayard Henry was appointed receiver, it being stated that the April, 1903, and subsequent coupons
were in default. See V. 79, p. 105, 502. On Feb. 1, 1905, the U. S.
Court ordered the road sold under foreclosure within 60 days.
Organization— Incorporated in Pennsylvania.
Maturity.
Date.
Interest. Outstanding.
BONDS—
STOCK
Stock, $1,000,000, $50
$1,000,000
Oct. 1 , 1932
600,000
1st mort., $750,000, gold ) 1902 5 g. A-O
($500 and $1,000). ...c $ Int. at West End Trust Co., Phila., Trustee.

&

miles of track between Avondale, Kennett ar>d
60 and 70 lb. T and girder rail.
ft. 2^ in.
Officers— President, Thos. B. Hall, Camden, N. J.; Vice Pres., Wm.
Heald. Sec. and Treasurer, T. H. Palst, Phila.; Supt., O. D. Henry
—V. 79, p. 105, 502; V. 80, p. 713.

Road— About 16

Wilmington.

Gauge, 5

.

KENOSHA, WIS.

ELECTRIC RY.- A
KENOSHAFranchise

trolley road.
for fifty y^ars from June 2, 1902.
Date.
Interest. Outstand'o.
Maturity.

Organizatt ion.—

is

STOCK A BONDS—

Stock, $150,000, $100
$150,000
1st mtge., $200,000
>
1903
5g. M-N
150.000 May 1, 1923
gold ($1,000)
c'slnt at Northern Tr. Co., Chicago. Trustee.
Bonds.— Are subject to call after Mayl, 1908, at 105 and interest.
See V. 78, p. 2012.
Earnings-— For year ending Dec. 31, 1904, gross, $35,451; net,
$17,441.
Road— Operates 4*1 miles of track in Kenosha and to North and
.

South Kenosha.
Officer -••—President, Bion

Mgr., W. L. Arnold; Sec.
79, p. 105.

and

J.

Arnold. Chicago: Vice Pres. & Gen.
Ralph G. Arnold, Chicago.— V.

Treas.,

KEOKUK,

KEOKUK ELECTRIC

trolley road.

IA.

RY- &

POWER CO--A

Organization.—Incorporated as a consolidation of all the street
railway and electric light interests in Keokuk. Also operates telephone, electric light, power, gas and steam-heating plants.
Date.
Interest.
Outstand'g.
Maturity.
STOCK
Bonds—

&

Stock, $400,000
$400,000
1st mtge.. $250,000 5
1900 5 g. J.-J.
250,000
See text.
($500), gold
I Int. at Royal Trust Co., Chicago, Trustee.

Bonds— Ot the $250,000 gold 5s, $125,000 are due July 1, 1925, the
remaining $125,000 mature in annual instalments varying from
$5,000 to $9,000 yearly on July 1 from 1905 to 1924. inclusive. Are
redeemable at option of company at 105 and interest after 1905. See
V. 71, p. 182.

Road.— Owns and operates 8 miles of track and has contract with
supplying 146 arc street lights at $60 per light per annum for
5 years from May 10, 1901.
Officers.—Pres. and Man., A. D. Ayres; Vice-Pres John E. Craig;
Sec.
Treas., Geo. E. C. Johnson; Supt., A. S. Grenler.— V. 71, p. 182.

city for

,

&

KEYPORT,

N.

KEY WEST,

CO.-Trolley.
Organization— This was formerly known as the Keyport & Matta-

FLA.

KEY WEST ELECTRIC CO -A
Incorporated
N.J.

Organization—
rio light and power business

trolley road.

in 1898 and does entire eleotin addition to entire street railway busi

in

ness of the city. Franchises are for 99 years. In June, 1904, acquired
the Key West Electric Light & Power Co., and now does the entire
electric business of the city. V. 78, p. 2334.
Date. Interest. Outstanding. Maturity.
BONDS—
STOCK
Stock $300,000 ($100)
$300,000
225,000
1st mortgage, $300,000, > 1899 5 g. J-J.
Jan. 1, 1929.
Knickerbocker Tr. Co., N. Y., Trus.
o$Int. at
gold ($1,000)
Bonds.— Bonds have no sinking fund and cannot be called.
Road— Operates 5^ miles of track; 60 and t-,5-lb steel rails; 7 cars.
Extensions and imnrovements are now under construction. Supplies
about 15,000 16 o.p. lamps and 150 h. p. motors; also 200 lamps under

&

oity contract.

OFFICERS— President, Walter H. Knight, New York; Vice-Pres. Geo.
W. Allen, Kev West; Sec. & Treas., Chas. A. Murphey, 1 5 Wall St.. New
York; Mgr., O. C. G. Urban, Key West.— V. 77, p. 250; V. 78, p. 2334.

KINGSTON,

N. Y,

KINGSTON CONSOLIDATED RR.~
ORGANIZATION—This is a consolidation on Deo 11, 1902, of the Kingston City Railroad and the Colonial City Traction.
Date. Interest. Outstand'g
Maturity.
BONDS—
STOCK
Common, $200,000 ($100)
$200,000
200,000 In 1903-4, 4%.
Pref. 4% cum., $200,000
5g. J-J
534,000
Jan. 1, 1952
1st Con. M. $700,000 \ 1901
...c* 5 Int. at Manhattan Tr. Co.,N. Y., Trustee.
($1,000) g
Kingston Oity RR.—
1879 7J-J
15,000
June 12, 1909
1st M., $500 each
Cons., $150,000, ($1,000)51893 5M-S
135,000
March 1, 1923
Not sub.to oallbef 'e mat. ( Interest at Farmers' Loan & Trust Co., N. Y.

&

1900 5J-D
10,000
June 1, 1905
5 quar.
Bond and mortgage
6,000
On demand.
Bonds— $166,000 of the new $700,000 con. mortgage is reserved to
retire the Kingston City RR. underlying liens.
ROAD—Embraces 12 miles of track. Rails 70 lb. and 80 lb. 40 cars,
3 snow plows.
EARNING8— For year ending Judo 30, 1904: Gross, $123,638; net,
$50,951; Interest and taxes, $39,991; divs., $8,000; surplus, $2,960.
OFFICERS— Prest, Charles M. Preston, 45 B'way, N.Y. City; V-Pres'ts,
C. G. R» " 1, Kingston, and A. M. Day, New York; See Aug. J. Philips,
Kingston; Treas., Abin. Hasbrouck, Kingston; Gen. Man., C. Gordon
Reel, Kingston; Supt., G. B. te Bow, Kingston.— V. 73, p. 1160.
Debentures

KNOXVILJLE, TENN.
KNOXVILLE TRACTION COMPANY-A
light enterprise.
ley and

trol-

electrio

In Feb., 1904, control was purchased by Ford, Bacon & Davis of
Property is being reconstructed and re-equipped.
Organization—A consolidation Mar. 30, 1898, of Knoxville Street
RR., Union Ry., Citizens' Ry. and West End Street RR. All the
securities of Knox. Eleo. Light & Power Co., a consolidation of all
the light and power companies in Knoxville, are owned by the Traction Company, and pledged as part security for the 1st mtg. bonds
below desoribed. V. 66, p. 709. Also oontrols the Knoxville Park Association, owning two amusement parks. Franchise is perpetual.
Date.
Interest. Outstand'g.
Maturity.
BONDS—
STOCK
Stock, $750,000 ($100)
$750,000
IstM.of'98. $850,000, gold, > 1898 5g.A<feO
850,000 Apr. 1,' 3
tax free($l,000)
Int. at Bait. Tr. & Gu. Co., Bait., Trus.
5
Debentures
1901
6 J-J
300,000 June 30'11
Interest at Bait. Trust & Guar. Co., Bait.
1st mtg. will have sinking fund of $10,000 yearly after stock pays 5
per cent dividend, but will not be subject to call.
Latest Earnings— For calendar year 1904, gross, $329,443.
ROAD— Owns about 30 miles of trolley road.
OFFICERS— President, C. H. Harvey.; Vice-Pres., W. S. Shields; Sec,
Leon Fender; Treas. and Auditor, H. T. Bunn.— V. 78, p. 342, 768.

New York.

&

KOKOMO, IND

KOKOMO MARION
TION CO.-A
trolley road.

WESTERN TRAC-

&

in Indiana as successor to the Kokomo
Co. In April, 1903, acquired by purchase
the entire capital stock of the Kokomo Ry.
Light (;o. Owns lighting
plant in Kokomo; also private right of way. Franchises run 50 j ears.
The stock will all be held in trust by the Security Trust Co. of
Indianapolis until entire road shall have been in operation for four

Organization— Incorporated

Converse

& Marion Traction

&

months.

&

Date. Interest. Outstanding.
STOCK
BONDS—
Maturity.
Stock,$l,000,000
See text.
......
1st mortge., $1,000,000, ) 1903 5 g. J.-J.
$750,000 July 1, 1933
gold ($500 & $l,000.o<fcr 5 Int at Security Trust Co., ind., Trustee.
Kokomo Ry. & L't 1st M., ) 1903 5 g. J.-J.
250,000 May 4, 1934
$350,000, g. ($1,000). o&r 5 Int. at Security Trust Co., Ind., Trustee.
Bonds.—$250,000 are reserved to retire a like amount of bonds of
the Kokomo Railway & Light Co.; the remaining $100,000 under this
latter mige. has been canceled. Bonds are subject to call at 105. See
V. 76, p. 1143; V. 77, p. 451. The Kokomo Ry. & Light bonds can be
called In 1908 at 105.

Earnings—For calendar year 1904

& Lighting), $81,437;

:

Total gross (including both Ry.

net, $29,284.
ROAD— Operates 11 miles of track in Kokomo and is building a line
of 29 miles from Kokomo to Marion, of which 10 miles to Green town is
in operation. Remainder is expected to be completed by June 15,
1905. Is connecting link between the Northern Traction Co. and the
Union Traction Co. of Indiana. Standard gauge. 70-lb T rail.
Officers— President, Geo. J. Marott; Vice-Pres.. L. J. Kirkpatrick;
Sec, Treas. and Gen'l Mgr., T.C. McReynolds.—V. 77, p. 451.

J.

JERSEY CENTRAL TRACTION

785

LACONIA,

N. H.

LACONIA STREET RAILWAY-

wan Street RR., a horse line, but has been operated as an electrio railOrganization—Successor to the Laconia & Lakeport St. Ry. in 1894
way since July, 1901, and name changed as above on Oct. 4, 1901.
Dale. Interest. Outstand'g.
Stock ETC.—
Last Div
Company also owns 465 of the 500 shares of stock and ah of the
$100,000 4%, '94-95
bonds of the Middlesex & Monmouth Electric Light, Heat& Power Co., Common, $100,000 (par $50)
Pref. 0% eum., $40,000
40,000
which furnishes light to Keyport, Matawan and South Amboy.
*8 9 5 M " N
^ 9 0,000 May 1. 1919
„ A
\
? at Am. Loan & Tr. Co., Boston.
Date.
Interest.
Outstand'g.
STOCK & -<ONDSMaturity. 1st mortgage, $91.000
(Int.
Stock, $1,000.000
2ndf mtge., $40,000
$1,000,000
1904
5
10,000 May 1.1919
1st mtge., $750,000 5
1901
5 g. M-N
750,000
Nov. 1, 1931
Dividends— In 1893-94 paid 5. c; in 1894-95 paid 4 p. c; none since.
gold ($500 & $1,000) > Colonial Trust Co., Phila., Trustee.
ROAD— Owns 9 miles of track, having in 1899 been extended to
Bonds-See V. 76, p. 1300.
Weirs, 4 miles, and the entire system equipped with electricity. In
Road— Owns and operates 7 miles of road from Keyport through Mat- 1903 road was changed to standard gauge.
awan to Freneitu. An extension of 19 miles from South Amboy through
EARNINGS— For years ending June 30
Keyport and Belford to Red Bank was completed in April, 1904.
1904.
1903.
1904.
1903.
,

'

;

Branch of 3 miles to be built from Belford to Atlantio Highlands.
60 lb. T and 70-lb. girder rails. Nearly all over private right of way.
Officers— Pres., J. Christensen, Drexel Bldg., Philadelphia; Sec
and Treas ,T.H. Paist, 653 Drexol Building, Phil.— V. 76, p. 1300.

Gross

$25,867

$22,009 Interest
$8,352
$5,319
3,092 Bal. for year... def.2.131 defl,627
OFFICERS— Pres. and Mgr., H. L. Pieroe, Leominster, Mass.; Treas.,
Edmund Little; Seo'y, Geo. P. Munsey; Auditor., Edwin C. Lewis.

Net

6,221

.

.

STREET RAILWAYS.

786

LA CROSSE, WIS.
LACROSSE CITY RAILWAYORGANIZATION— Chartered Nov.
Bate.
Stock & Bonds—

17, 1885. Franchise runs till 1938.
Last div., etc.
Outstand'g.
Rate.

^

In
4'
$242,000 f. p. j
Bee below.
Jan. 1,1918
136,000
1893
6g. J - J
1st inort7,"$175,6o6j )
Subject to call Jan. 1,1903.
gold, $1. 000
s
Interest at Northern Trust Co., Chicago, 111., Trustee.
lividends— For 1892, 7 p. c; 1893, none; 1894, 7 p. c; 1898, 7 p. c1899, 7 p. o.; 1900, 5 p. 0.; 1901, 6 p. a, 1902, 7 p. 0.; 1903, 7 p. a;
1904, 7 p. o.
Road— Owns 1219 miles in city of Lacrosse.
Officers— President, B. E. Edwards; Vice-President, W. W. Cargill
Secretary, H. E. West ; Treasurer. R. C. Whelpley.
Stock(*242,000),par|

LANCASTER, PA.

& LIGHTLANCASTER COUNTY RY.New Jersey. Has purIncorporated in 1901 in

OrQANIZATION—

chased the stocks of the Conestoga Traction (com. and pref.,) the Lancaster Gas Light & Fuel Co., the Edison Electric mum. Co., and the
Columbia Eleotrio Light & Power Co. of Columbia, Pa., (the latter has
no bonds) and these stocks are placed under the new mortgage of 1901.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
$1,000,000
Stock, com. ($50), $1,000,000
1,000,000 Jan.'05, 3%
'do pf. ($50)5% cu. 1,000,000
1901 5 g. J-J 1,000,000 Julyl,195i
Mort., $1,000,000 g., $50u, )
Interest atLancaster Tr. Co., trustee.
c* S
$1,000
Securities of lines controlled.
1900 4
J-J 1.277,500 Jan.1,1950
Tract, 1st mort....
Conestoga
160,000 Apr. 1,1920
Lancaster City RR.,lst M.g.cM 1890 5g. A-O
{ Metropolitan Trust Co.. N. Y. , Trustee.
($100 and $500)
225.000 Mayl,1921
W.E. St. Ry. 1st M., $225,000 J 1891 5 M-N
$100, $500 and $1,000 ..c*( Metropolitan TrustCo.,N. Y., Trustee.
37,500 20% annually
Lancaster & Columbia stock. .
1893 5 A-O
225,000 Apr. 1,1923
lstmortgage
49,700 July 1, 1922
5
Edison Elect. Ilium. Co. mort
do
mort
5
250,300 Jan. 1, 1925
Do
70,500 Dec. 1, 1911
6
Lan. Gas Light & Fuel, mort
mort
229,500 Jan. 1, 1925
do
5
Do
ROAD In February, 1905, owned and operated 36-48 miles of road;
leased 63*52 miles, a total of 100 miles, including the Lancaster City
Street Ry., 13-55 miles; Lancaster* Columbia, 9-16 miles; Lancaster
Ironville, 3-59 miles; Columbia &
& Utitz, 10-10 miles; Columbia
Donegal, 5-67 miles; Lancaster Hechanicsburg & New Holland, 20-62
miles; Lancaster & Millers\ille Ry., 357 miles; Lancaster Willow
Street Lampeter & Strasburg Ry., ll 1^ miles; the Lancaster * Manheiin
Adamstown, 8 miles, and the Lancaster
Ry., 8 miles; the Ephrata
& Rocky Springs, 4*2 miles. The latter four completed and leased
for 999 years at a rental of 6 per cent on stock.
Dividends— The first dividend on the preferred stock (3 p c.) was
ct. 1, 1904.
In
paid on July 1, lt*04, and 3 p. c. was again paid on
19u5, Jan., 3 p. c. See V. 79, p. 2796.
Earnings—The earnings of the Lancaster Co Ry. & Light Co for
fiscal year ending June 30, 1904, were: gross $i 48,242; net after
int. and taxes, etc.; $81,259. The earnings of the Conestoga Traction
Co. for year ending June 30, 1904, were : gross, $468,762 net,
$224,347. In 1903, gross, $409,182; net, $160,583.
OFFICERS— President, W. W. Guest; Vice-President, Chas. B. Keller;
Sec. and Treas., J. S. Graybill Jr.; Gen. Supt., C. Edgar Tltzel.
INDEX-V. 73, p. 236; V. 77, p. 196, 951; V. 79. p. 501, 1330, 2796.

&

—

&

&

Vol. lxxx.

Bonds— $600,000 bonds are reserved tor extensions. Bonds cannot
be called before maturity. No sinking fund.
Road, Etc.— Owns and operates 39*fl miles of track, of which 14>«
miles run in and aro and the city of Leavenworth, and 25 miles between Kansas City and Leavenworth.
OFFICERS-— Pres., D. H. Kimberley.of Cleveland; 1st Vice-Pres., W. H.
Gabriel; 2d Vice-Pres., H. C. Ellison; Sec. and Treas., C. O. Evarts, of
Cleveland; Gen'l Mgr Herbert W. Wolcott, Leavenworth, Kan.— V.
,

74, p. 94.

LEWISTON, ME.
LEWISTON BRUNSWICK & BATH ST. RY.
—A trolley road.
Organization— Organized in 1897 and purchased the Brunswick &
Topsham Ry., 3*$ miles; also in August, 1898, the Lewiston & Auburn
RR. Owns all the stock ($100,000) of the Bath Street Ry., 4*3 miles.
Date. Interest. Outstand'g. Maturity.
STOCK & Bonds—
Stock, $638,300; par, $100
1st mort., $1,000,000, gold....
securities —

1898

Underlying
Bath Street Ry—

1st mort., $300,000, gold... 5 1893 5g. J-J
$70,000 July 1,1913
o*< Subject to call after July 1.1898.
$1,000
Auburn RR. 1st M. 1891 5 J-D
Lewiston &
85,000 June 1, 1911
Of the $1,000,000 new 5 per cent bonds of 1898 $155,000 are held
to trust to retire the underlying bonds.
Road—Comprises 62-20 miles, connecting Bath with Brunswick,
Lewiston, Auburn, Sabattus, &c.

Earnings— Year ending June 30, 1904: Groes, $223,327; net
$84,275; fixed charges, $76,527; surplus, $7,748.
OFFICERS— President, E. burton Hart Jr., N. Y.; Vice-Pres., T. L.
Peters, New York City; Treas., M. H. Blackwell, Brunswick, Me.;
Gen. Mgr., F. C. Farr, Brunswick. General Office, Brunswick, Me.—
V. 66, p. 1001 V. 67, p. 481, 634.
;

LEWISTOWN,

LANCASTER MECHANICSB QRG & NEW HOLLAND RY._

A trolley road.

Organization— Incorporated May 16, 1899. Runs from Lancaster
to New Holland, with an extension to Ephrata, 20-62 miles. Is leased
to Conestoga Traction Co. for a rental of 8 per cent on stock. Capital
No bonds.
stock, $300,000. Stock is not owned by lessee
(2)

LANCASTER ROHRERSTOWN & MT. JOY RY.—Trolley.

& M\

Joy
Organization.— Is a consolidation of the old Lancaster
Elec. Ry. and ihe Lancaster & Rohrerstown Ry. Co. Incorporated to
build an electric road of 10 niiies from Lancaster through Landisville,
Read
Saiunga, Mt. Joy and Florin. Right of way is being secured
is to be leased for 999 years to the Conestoga Traction at rental of 6
per cent on its $400,000 stock. No funded debt. V. 73, p. 236.
(3)

EPHRATA & ADAMSTOWN RY.— A

trolley road.

Organization—This company was incorporated with $225,000
capital stock on Sept. 17, 1901. Owns road from Ephrata to Adamstown, 8 miles, which was leased in 903 to the Conestoga Traction Co.
for a rental of 6 per cent on the stock. No funded debt.
1

(3) LANCASTER & ROCKY SPRINGS RY.—
Organization. Operates 413 miles of track. Stock, $200,000. Ho
bonds. Leased to Conestoga Trac. Co. tor 999 years at 6 p. c. on stock.

PA.

LEWISTOWN & REEDSVILLE ELEC RY.
Organization—Incorporated
Date.
STOCK & BONDS

in

Pennsylvania on March 24, 1892.

Outstanding. Maturity.
Stock, $150,000, $50
1903, 5%
$150,000
1st M, gold ($500 and) 1899
5 g. J-J
150,000 June 1,1919
$l,00O)$! 50,000. c&r \ Int. at Union Trust Co., Phila., Trustee.
2d M., gold ($500 and > 1902
5 g. M-N
125,000
May 1, 1917
$l,000)$125,000.o«fcr S Int. at Commonw'lth Tr. Co..Harrisburg, Trus.
Bonds— The firsts are not subject to call, but the seconds can be
oalled at par after 3 years.
Interest.

Dividends— In 1902, 5 p. o. In 1903, 5 p. o.
Earnings— For fiscal years ending June 30:
Gnu*.
Year.
Set
Fixed charges. Dividends. Surplus.
1903
$68,053
$36,044
$12,746
$15,798
$7,500
1902
50,634
22,623
10,813
7,500
5,310
ROAD— Operate s 9*8 miles of tracK from Lewistown to Reedsville and
Lewistown Junction, with a branch to Burnham. 60 and 70 lb. T and
70-lb. girder rail.

Officers— Pres. and Man

Sec, E.

R

Sponslor;

Spanogle;
, -T. I. Quigley; Vice-Pres., A. B.
Treas.. William Irvin; Supt, C. E. Gossard.

;

(1)

$633,300
845,000 Mar.1,1918

5g.M-S

KY

LEXINGTON,

LEXINGTON RAIL WAY.-A trolley road.
Organization— Organized Feb. 11, 1899, as a consolidation of the
Belt Electric Line, the Passenger & Belt Ry. (formerly leased), the HerStorage Co. Charter
cules Ice Co. and the Lexington Ice Manuf.
perpetual. New management assumed charge on May 13, 1899.
Embraces all the street railways of Lexington, together with ice
factories; also operates all the city electric light and power business.
In Mar., 1903, purchased the entire plant of the Lexington Gas Co.
That company has no bonded or floating debt.
Maturity.
BONDS— Miles. Date. Interest. Outstand'g.
STOCK
$80O,000Jan.l6,'O5,l»s%
St*, $800,000 ($100)
1891 6g. A-O
138,000
Apr. 1, 1916
Pas'ger& Belt. 1st M. ) 13
$200,000, ($1,000) S Int. at Amer. Tr. & Sav'gs Bk., Chicago, trustee.
1899 5g. J-D $1,037,000
June 1,1949
New M., $1,500,000, ? ..
g.($l,000)$l,000c* 5 Continental Trust Co., Baltimore, trustee.
Bonds—Under the terms of the new mortgage a sinking fund is
provided which retires the whole issue of bonds at maturity.
Road—Operates 15 miles of track on 10 miles of street Track,
standard gauge, 50-60-lb. T rails; owns 44 cars.

&

&

Earnings.— For years ending Dec. 31:
Groxs.

Year.

Charges.

Net.

Surplus.

$119.29
$67,194
$.12,104
$335,464
124.113
311,850
64,433
59,680
OFFICERS— President, Louis des Cognets; Vice-President, S. BasGeu. Mgr
sett; Treasurer, J. W. Stoll; Secretary, T. D. Murray;
T. Fitzgerald Jr.—V. 78, p. 342.

1904
1903

1

BLUE GRASS TRACTION CO--A trolley road. Blue
LANSING, MICH.
of the
Organization— a consolidation in
LANSING & SUBURBAN TRACTION CO--A Grass Traction Co. and the Georgetown &Feb., 1904,Tractionold
Lexington
Co.
trolley road.
Is

in March, 1904, of the Lansing
St. Johns & St. Louis Ry. and the Lansing City Electric Ry.
Interest.
Outstanding.
Maturity
Date.
Stock & Bonds—
$800,000
Stock, $1,000,000, $100
1904 5g.
300,000
Apr.1,1934
1st ion. M., $750,000,
g.,($500&$l,000>eM Lit at Detroit Trust Co., Detroit, Trustee.
L. 8t. J. & St. L. 1st) 1901 5 g. J-N
200.000 June 1, 1921
M., $500,000, gold, V
Int. at Detroit Trust Co., Detroit, Trustee.
0)
($1,000)
1896 5 g. J&J.
100,000
Jan. 1, 1945
Lansing City 1st M,
Trustee is
N.
Sec &
$100,000, gold
ithe 1st consolsN. Y. 904 areTrust Co., for Y.
reserved
prior
of 1
Bonds.— $300,000 of
future extensions and improvements.
liens and $150,000 for
road— Operates 32 miles of track from Lansing to St. Johns, Mich.
Standard-gauge. 60 and 6 '-lb girder and T rail. An extension of 35
miles to Alma and St. Louis, Mich., and one of 6 miles to Pine Lake

Organization— Is a consolidation

AO

)

Resort are proposed.

Officers—President, Nelson
Sec.

Mills; Vice-Pres., Geo»ge G.
Myron W. Mills; Supt. J. W.

& Mgr., Jas. R. Elliott; Treas.,

Moo»e;
Keeley

LEAVENWORTH. KAN.

KANSAS CITY-LEAVENWORTH RR.-Trolley.
Chartered in Sept., 1901, in Kansas, to consolidate

Organization.—
the Kansas City '& Leavenworth Traction, the Leavenworth Electrio
RR., the Kansas City- Leavenworth Ry., the Leavenworth & Lansing
Ry. and the Kensington Ry. Enters Kansas City, Mo., over tracks of
the Metropolitan

Stock

&

St.

Ry.

BONDS—

8»k$3,750,000,par$100
Kan. (Jity-Leav. ER
$2,000,000,

g.,

Date.

Interest.

Outstand'g.

Maturity.

$1,680,000

5 g.M-S
1,400,000 Sept.1,1920
S 1902
($1, 000).. c* (Int. at Cleve. Tr. Co., Cleveland, Trustee.

&

Outstand'g.
Date.
Interest.
Maturity.
BondsStock
$700,000
Stock. $700,000 ($100).
1904
1934
5g. M.-S
700,000
1st mtge., $700,000, g.
($500 and$l,000).c«fcr Int. at Cleveland Trust Co Cleve., trustee.
1901 5g.M.&N.15 200,000 Nov. 15, 1921
Geo. <& Lex. 1st mtge.,
$250,000 gold ($100, Int. at Cincin. Tr. Co., Trus., and at Standard
Trust Co., N. Y.
$500 and $1,000). c&r
Bonds— No s. f. on either issue, and neither issue is subject to call.
Road— Operates 35 miles of track between Lexington and Georgetown and Lexington and Paris. Standard gauge. 60-lb. r rail.
OFFICERS— Pres., Younger Alexander; Vice-Pres., William Addams;
Sec. and Treas., A. S. Rice; Supt., P. Bombard.— V. 78, p. 1906; V. 79,
,

p 2587.

LIMA, OHIO.
LIMA ELECTRIC RAILWAY & LIGHT-A
trolley road.
Organization—The company is a consolidation completed Aug. 1,
1900, of the Lima Ry. (incorporated Nov. 5, 1896,) and the Lima
Eleotrio Light & Power Co., the only companies engaged in these lines
in Lima. Of the stock, $350,000 is in the company's treasury.
Maturity.
Date. Interest. Outstand'g.
Bonds—
Stock
$500,000
Stock, $850,000 (par $100)
185,000 Dec. 1, 1916
-1*+ ™«,.t
ti™„
«onn (1896 5 g. J-D
$
Int at Dime 8av * Bi «- Co > Cleveland,
™<Sn gold, ($500)
c*
c \
000, JaM%%?£
£ trustee; also at Fourth Nat. Bk., N. Y.
65,000 June 1. 1917
Lima Elect. Lt. & Pow. g) 1900 5 g. J-D
1st M., $85,000 ($1,000)0* J Int. at Cleve. Trust Co., Cleve., Trustee.
1900 5 « J
260,000 July 1,1916
T Fleet Rv A Lt eold o* <
w«?nnMiV*=i'nn> \ Int at Cleve. Tr. Co., Cleve., Trustee, or
$500,000($o00)
lstcon. M.
£ 8tandard Trust Co .' Ne w York.
2nd Consol. Mtge., $$850,- < 1902 5 g. A-O 350,000 April 1, 1925
000 g. ($l,000)c*
I Int. at Fidelity Trust Co., Buffalo, Trus.

&

c

'

\Hi™

-

-

^

-

are reserved
Bonds— oi the first con. mortgage gold 5s $250,000may be called to
In
retire the two above prior liens. The Lima Ry. bonds
Power bonds
Elect.
X907 at par, on 4 weeks notice, and the Lima notice.Lt. &the $850,000
Of
may be called on any interest day on 30 days amount of first consols.
"d bo nsols, $500,000 are reserved to retire a like
These bonds are a lien on the electric light and heating plant, as well
on the railway. Cannot be called before maturity. See V. 75, p. 79.

as

Road— Owns 12 miles of track, also a steam-heating plant (franchise
perpetual), operated In connection with the eleotrie-ligbting plant.
OFFICERS— President and General Manager, Jos. B. Mayer; VicePresident, H. H. Llttell; Secretary and Treasurer, H. St. C. Denny, all
V. 74, p. 829, 1089.
Of Buffalo, N. Y.-V. 62, p. 502; V. 71, p. 29, 342;

"WESTERN OHIO RY.-A

trolley system of standard
gauge entirely on private right of way.
Organization— Incorporated in Ohio on Oct. 11, 1900. This is one
of the Pomeroy-Mandelbaum roads and is to form a link in the through
oar servioe from Toledo to Cincinnati.

=;tock

&

Bonds—

Date.

Stock, $3,00o,000($100)

Maturity.

Outstanding.

Interest.

$3/00,000

M-N

Nov. 1, 1921
2,268,000
5 g.
1st M. *3,00^.000 goldf 1901
Trust Co., Cleveland,
($1,000) $26,500 per 1 Int. at Cit. Savings
York.
Bank,
*c ( Trustee, or First National

&

M

New

Bonds— No sinking fund and bonds are not subject
76, p.

See V.

to call.

160 for agreement among bondholders.

ROAD— Lima via Wapakoneta to Piqua; Wapakoneta via St. Mary's to
1
Celina; St. Mary's to Minster; making altogether 78 * miles of main
Last section completed Dec. 1,1903.
line; also, sMlnfits, 10 miles.
Standard gauge. Operates 19 passenger and 6 other cars.
OFFICERS—President, A. E. Akins; 1st Vice-Pres., L. J. Wolf; 2d
Vice-Pres and Gen'l >gr., F. D. Carpenter; Secy, and Asst. Treas., H.
C. Lang; Treas., M. J. Mandelbaum.— V. 76, p. 160, 1032; V. 79, p. 682.

LINCOLN, NEB.

LINCOLN TRACTION-A trolley road.
Organization— Successor in January, 1898, to Lincoln Street Ry.;
foreclosed Deo. 17, 1897, and reorganized per plan in V. 65, p. 277.
Maturity.
Outstand'g.
Interest.
Date.
STOCK & BONDS—
5 A-O
$330,000 Oct.rj, '04, 2i<j
Com. stock, par $100
700,000 Jan. /6,'05, 213
5
J-J
Jan. 1, 1920
125,000
5g. J J
Int. at N. Y. Security & Trust Co., Trustee.
Dividends— On pref. commenced July 15, 1901, 2*3 P- o. In 1902 5
In 1903 5 p. c. and 10 p. 0. accumulated divi
p. 0. and 5 p. 0. in" stock.
dends. In 1904, 5 p. 0. In 1905, Jan. 16, 2^2 p. 0. On common stock,
in 1903, 5 p. o. In 19C4, April, 2*8 p. c; Oct., 2% p c.
1903.
1902.
1904.
Earnings— Calendar year:
.$272,314
$251,810
$213,926
Gross earnings
151,926
185,664
Int., operating exp. and reconstruo. 197,024
Preferred cumulative
lstmort. gold, $1,000; >
$250,000 auth. . c* 5

1899

. .

$66,146

$75,290

Surplus

$62,000

Road— Owns about 40 miles of track.
OFFICERS— Pres., M. L. Scudder, New York; Vice-Pres., Wm. Belcher;
and Treas., F. H. Carter, 32 Liberty St., N.Y.— V. 77, p. 2280.

Sec'y

LITTLE ROCK, ARK.

LITTLE ROCK RAILWAY & ELECTRIOOrganization— Incorporated in Arkansas in March, 1903, and is a
Electric Co. (granted a new
consolidation of the Little Bock Traction
franchise on Sept. 28, 901, for 50 years, V. 73, p. 784) and the Little
Bock Edison Electric Light <te Power Co. Controls all street railways
Controlled hv Isidore Newman & Son of New Orleans and
in citv.
New York. V. 76, p. 593.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK

&

1

&

Common,
Pref.

6%

$1,500,000

$l,50l>,t)00

750 000

cum.. $750,000

1SS

1st

mortea-e

goiu (»i,uuj)

Jan., '05,

3%

1903
J-J
July 1, 1933
$2 000 000 '} Interest 5 S- Com.1.563.000Savings Bank,
* z ouu uuu
Trust &
at
<\

'

'

^

New Orleans,

La.. Trustee.

$437,000 reserved for future improvements. Are subject
years at lO? 1^ All prior liens have been retired.
Dividends.— First. 3 p. c. on pref., Jan. 15, 1904; July 10, '04, 3 p. c.
In 1905, Jan., 3 p. 0.
Road— Operates 23 miles of track.
Officers— Pres.. W. E. Hemingway; Sec.. Geo. B. Rose; Treas. and
Gen. Mgr., J. A. Trawick; Aud., W. J. Tharp.—V. 76, p. 593, 810, 864.
Bonds.

to call after five

LOCK HAVEN,

PA.

SUSQUEHANNA TRACTION-A
This

trolley road.

commpanywas

organized as successor to the
Look Haven Traction, sold at foreclosure in March. 1899.
Outstanding.
Matu ity.
Bonds— Date. Interest.
STOCK
Stock, $20- ,000 ($50)
$200,000
5 g. M-N
1st mtge., $100,000.. J 1900
100,000
May 1, 1 930
Int. at Provident Life &Tr. Co., Phila., trust.
gold, $500
c* X
Earnings— For fiscal year ending June 30, 1903; gross, $24,910;

Organization—

&

net, $5,309; interest, taxes, etc.. $2,480; surplus, $2,829.

Road— Owns and

operates 6 miles of track.

OFFICERS— Pres. and Treas., Jacob Scott; Manager, Frank Andes,
both of Lock Haven.— V. 70, p. 633, 947.

LOCKPORT,

N. Y.

INTERNATIONAL TRACTION
ment and Map under Buffalo.

CO.-See

LONDON, CANADA.
LONDON STREETlaws anada 1875. A
RAILWAY CO-Incorporated under the
of

road.

(

State-

trolley

in

&

,;

Earnings—
1904
1903

OFFICERS— Pies.. H. a., iiveiett., Cleveland, UUio; Vice-Pren., T. H.
Smallman; Sec, Treas. and Mgr C. E. A. Carr; Supt., Jno. Break. - V.
,

78, p. 2334, 2384.

LONG BRANCH,

N.

ATLANTIC COAST ELECTRIC
company

J.

RR.-Trolley.

defaulted on the interest
Receivership.— On Nov. 1, 1901,
on the $800,000 outstanding first mortgage bonds and also in the
rental payment under the -»eashore Electric By. lease. Jan. 1, 1902,
defaulted on gen. mtge. Interest. Bondholders' protective committees
have been formed for both the first mtee. bonds and the gen. mtge.
bonds, deposits of the former being made (V. 73, p. 1263) with the
Trust. Co. of North America, Phila., and of the gen. mtge. bonds
(V. 73, P. 1312) with the Investment Co. of Philadelphia. Feb. 1, 1902,
ex-U. srsenator James 8mith Jr., of Newark, was appointed receiver
pending foreclosure. In Fe>b., 1904, funds were deposited by receiver
with the Federal Trust Co. of Newark, N. J., to pay interest due November, 1901, and Mav, 1902, on the first mortgage bonds. This interest was paid later. On Oct. 1, 1904, the coupons due Nov. 1, 1902,
and May and Nov 1, 1903, were paid. On Aug. 22, 1904, Judge Lanning at Trenton ordered the sale of the road unr er the gen. mort. of
1896. No date of sale, however, has yet been Bet. See V. 79, p. 785.
ORGANIZATION— Incorporated in May, 1895. Leases the Seashore
Electric Ry. of Asbury Park until June 6, 1937, at $10,000 per year and
owns $150,000 of the $200,000 total capital stock of latter company
(making net rental $2,500) and owns all of the stock of the West End
& Long'Branch By. and of the Ashury Park & Sea Girt BR.; the former
is leased from Aug. 3, 1896, until July 17, 1945, at a nominal rental,
and the latter for 99 years at 6 per cent on stock from Aug. 27, 1^98.
Also owns entire stock ($100,000) of the Atlantic Coast Electric Light
Co., which supplies the electric lights of Asbury Park, Allenhurst,
Belmar, Ocean Beach, Como and Spring Lake. Tie Seacoast Traction
Co., running from Belmar to Spring Lafee, 2 miles, has been leased
to the receiver of the Atlantic Coast Electric RR. until Dec. 31, 1.905.
Interest. Outstand'g.
Date.
Maturity.
STOCK & BONDS—
$1,500,000
Stock, $1,500,000($100)
5g.M-N
800,000
May 1, 1945
1st mort., gold, $1,000,- > 1895
000
5 Int. at Knickerbocker Tr. Co., N. Y., trustee.
1896
5 J -J
500,000
1946
mort., $5UO,uuu.
Gen. ™,vn+ vcnnnnn 5 Interest at Guaranty Trust Co., N. Y.
^

n^

.

200,000
Seashore El. Ry. stock
6 *' J " J
1917
200,000
«A» H hnr« Flectric Rv ( 1892
y Interest at Federal Trust Co., Newark, N. J.
\
1 =t M., $jou,ouu
«9nn non
1st
£
Subject to call at 105 in 1897.
Asbury Pk. & S. G. stook -All owned by Atlantic Coast Electric RR.
5 g. M-S
50,000
1918
As. P. & S. G. 1st mort. ) 1898
$50,000, gold, can be > Interest at Monmouth Trust & Safe Deposit
Co., Asbury Park, Trustee.
)
canceled at 105
1 t 3
le
A
5J " D
241 000
1,1946
OTO^eOof 8Q^ot to o
Int at Federal Trus * Co., Newark,N.J.
)
at°0Efin 1901 ...!..
305,000
"Other debts "(Dec." 31," 1903)
Bonds— Of tne $1,000,000 firsts $200,000 are reserved to retire a
like amount of Seashore Ry. 6s, subject to call at 105 In in 1897.
ROAD— Belt Line in Asbury Park and extends from Asbury Park
through Long Branch to Pleasure Bay, about 24 miles, of which 10-12
miles is over private right of way. V. 66, p. 616. Connects at Long
Branch with Iron Steamboat Co. for New York, and at Pleasure Bay
with the New York & Long Branch Steamboat Co.
1903.
1902.
1901.
Earnings—Year end'g Dec. 31.—
$221,020
Bailroad
$208,895
$220,660
Lighting..
Pleasure Bay

m

"

&^

J™

'

-

1

$221,020
112,492

Total
Operating expenses

Net
OFFICERS- Pres.. William

-V.

E.

$208,895
93,743

$220,660
112,184

$108,528
$115,152
$108,476
Benjamin, N. Y.; Supt., 8. F. Hazelrigg.

79, p. 785, 1265.

MONMOUTH COUNTY ELECTRIC CO.
Organization.—Incorporated April, l, I90t, as a reorganization of
the Atlantic Highlands Red Bank & Long Branch Electric Ry. In April,
1903, was granted a 45-year franchise to operate in Long Branch, in
consideration of which the town is to receive ^ of 1% of gross receipts.

&

Date. Interest. Outstand'g. Maturity.
BONDS—
STOCK
....
Stock, $500,000 (*. 0)
$400,000
.
....
4 g. J-J
1st mort., $500,000 ($100 \ 1901
400.000 Apr. 1, 1951
and $1,000) gold
c* \ Int. at Hamilton Tr. Co., B'klyn, trustee.
ROAD— Bed Bank to Long Branch, 6^ miles, and 2d track, 2*2 miles,
in Long Branch, 3 miles; in Bed Bank, 1*2 miles; total, 13 *3 miles.
Earnings— For calendar year 1903, gross, $47,386; net, $20,345.
Officers— Pres. Gen. Man., William F. Hogan, Brooklyn; Sec and
Treas., John M. Enright, Jersey City— V. 72, p. 86, 391.
c

„

.

&

LONG ISLAND CITY, N. Y.
NEW YORKpurchased by
& QUEENS COUNTY RY-was
Mortgage

In Aug., 1903,

& Trust

Iho U. S.

Co., as

and new officers elected' as below.
Organization— Incorporated June 29, 1896, and reorganized
on June 30, 1899. Purchased the various lines of railroad
in Long Island City known as the Steinway Bailway, the Long
Island City & Newtown By. and the Flushing & College Point
Ry. In May, 1902, the Queens Ry. was consolidated with it, and
thereupon increased its stock from $2,500,000 to $5,000,000. The
Queens Ry. succeeded to the property sold at foreclosure of the New
York & North Shore Ry. comprising a line of six miles from Flushing
to Jamaica, with franchises for lines between Flushing and College
Point, Flushing and Bayside and Manhasset. V. 74, p. 1197.
trustee,

,

Stock

Date.
Interest. Outstand'g Maturity
BONDS—
STOCK
See text
Stock, $750,000 ($40)
$460,000
500,000.Mch.8, 1925
1st Mtge., $750,000 gold ($1,- S 1896 5 g. M-8
c* {Toronto General Trusts Co., Trustee.
000)
Bonds— The remaining $250,000 can only be issued for tn^s per cent
of actual cost of additions and extensions, when net earnings are
equal to 10 per cent of all bonds out, including those to be issued, but
total debt must not exceed $20,000 per mile of single track. V. 8, p.
2384. Interest is payable at the Bank of Commerce, Toronto. In
eaoh of the 10 years preceding maturity, 5% of bonds shall be drawn
by lot and redeemed at par upon 40 days' notice.
Dividends— 6 per cent per annum Is paid.

Tears end. Dec. 31:

7S7

STREET RAILWAYS.

Feb., 1905.]

&

Bonds—.

Date.

Interest.

Outstand'g.

Stock, $5,000,000 ($100)
Flush. & Coll. Pt. 1st M...
Newtown Ry. 1st
Steinway Ry. 1st M.,gold,
$1,500,000 ($l,000).c*

M

N.Y.&
gold,

Maturity.

$3,235,000
1895
5 J&D
50,000
1894
5 J&D
150,000 Dec. 1,
? 1892
6g. J - J
1,500,000 July 1,
Int. at Morion Trust Co., trustee. N. Y.
4g. A-O
1,300,000 Oot. 1,
meensPn latM > 1896

•? 000 ed,uu
Il,uuu ea'ph

i

)

Guarantee Tr.

* S. D.

Int. at office of

1925
1924
1922
City.

1946

Co., Phila., Trustee.

comoany, Philadelphia.

Under the New York & Queens County mortgage there were origin
ally $2,500,000 bonds outstanding, but the company having defaulted
in the payment of interest, a reorganization was made, under which the
holders surrendered $l,v00,000; interest was reduced to 4 per cent,
and the Guarantee Tr. & Safe Dep. Co., Phila., was made the new trustee.- V. 69, p. 906.
Road—The sy stem, with the newly acquired Queens Ry., embraces
7447 miles of trolley track, including main line, 40-24 miles; second
track, 28 96; sidings, 5 27. Rails 77 to 93 lbs. standard gauge; 253
closed and open oars, 15 other oars and 6 freight cars, &o.
REPORT for fiscal years ending June 30
Int. <£ taxes. Surplus.
Oross.
Oth. inc.
Net.
-

Grots.

Net.

Charges.

Surplus.

$180,018
$57,344
$29,156
$28,188
172,084
62,591
26,989
35,602
Road— Operates 30 miles of track. Standard gauge. 56, 73 and
75 lb. T and girder rail.

1903-4
1902-3

$652,445
612,347

$281,390
248,353

$9,791
7,086

$197,673
191,200

$93,508
64,239

STREET RAILWAYS.

78S
Latest Earnings— For 6 mos.
Gross.

to Deo. 31:

Net.

<

Surplus.

Charges.

inc.

th,

$84,516
$99,806
$379,320
$178,064
$6,258
64,643
98,755
5,059
337,580
158,339
Officers— Pres., Arthur Turnbull, 38 Wall St., N.Y.; Seo'y and Treas.
E. T. Perlne, 43 Cedar St., N. Y.; Vice-Pres. and Gen. Manager, F. L

1904
1903

Fuller,

Long Island City- V.

77, p. 299, 350.

LORAIN, O.
LORAIN STREET RAILWAY-A trolley road.
new bond issue.

Rebuilt in 1900 out of proceeds of
BONDS— Par. Date. Interest.
Stock $750,000.... $100
1894
6 J-J
1st M., $200,000... 1,000

STOCK

&

Outstand'g.

Maturity.

$750,000
200,000

ple); rails, 70- lb.

Donaldson.— V. 69,

p.

Sec.

and

Treas.,

Wm.

A.

1346.

LOS ANGELES CAL.road.

PACIFIC ELECTRIC

&

&

&

u

.

-

I

-

f3^,m0rt" $500

1

Can

104 and

.

4g.J.-D.
500,000 Junel,'30
San
t
t TJnion Trust Co.,
Fran ci8C o, Trustee.

u1900
t

'°^?'l
o
be called after 1910 at f

gold (4.1,000)

&

BONDS—

Dale. Interest. Outstand'g.

Maturity.

$5,000,000
< 1898 5g.
A-O 5,000,000 Oct. 1, 1938
$1,000 each
c* X Int'st at Co's Office, San Francisco, Cal.
The Trustee of the new mortgage of- 1898 is the Union Trust Co.
On 30 days' notice Interest may be made
of San Francisco, Cal.
payable at the National City Bank, New York.
EARNINGS—Year 1902, gross, $1,475,211; net, $662,143; fixed
charges, $255,206; surplus, $406,937.
Road— Comprises 137 67 miles of road.
OFFICERS— Pres., H.E.Huntington; Vice-Pres., Cb.de Ouigne; Treas,
Gen. Manager,
I. W. Hellman; Sec'y, E. B. Holladay, San Francisco
Howard E. Huntington, Los Angeles. V. 78, p. 229; V. 80, p. 651.
:

) PACIFIC LIGHT & POWER CO. -An electric company.
Owns all of the stock of the Ontario & 8an Antonio Heights Ry. and

(

)

the entire stock of the San Bernardino Gas & Electrio Co., neither of
whioh has any issues out. Has contract to purchase stock of the Sierre
Power Co. which has $35,000 bonds out; alao owns all of the stock of
the Mentone Power Co.; no bonds.
Organization.- Incorporated in California on March 6, 1902, and
absorbed the San Gabriel Electric Co. $5,050,000 of the $10,000,000
(V. 75, p. 1150), capital stock is owned by the Los Angeles Ry. Co.
Supplies power to the latter.
Date.
Outstanding. Maturity.
Interest.
BONDS—
Stock
Stock, $10,000,000 ($100)
.
$10,000,000
Is*, mort., $10,000,000, )
1902
5 g. J-J
3,731,000 June 1, 1943
gold ($1 ,000)
..c&r 5 Int. at Union Trust Co., San Fran., Trustee.
Bonus.— $395,000 are reserved to retire a like amount of bonds of
the San Gabriel Electric Co. Bonds cannot be called. A sinking fund
eommenoes on Jan. 1,1905, of 2% of bonds outstanding for first 5 years
and on and after Jan., 1910, 2^% until and inoludmg Jan. 1, 1942;
said fund to be invested in the bonds at not leas than 110, otherwise
in other securities.
.

In October, 1903, the Kuhn, Loeb Harriman interests in Southern
Pacific Ry. became connected with Mr. H. E. Hantington in the control of this company. See V. 80, p. 651, for item concerning purchase
of minority interest.
Organization—This company was incorporated under the laws of
PasaCalifornia in 1901, and is a consolidation of the Los Angeles
Mount Lowe Ry., Paoiflo Electric of
dena Electric Ry., Pasadena
Arizona, the East Ninth St. Ry., the Temple St. Cable Ry. and the
Brooklyn Ave. Ry., comprising nearly all the interurban lines in and
around* Los Angeles. In Oct , 1903, the stockholders authorized an
increase of stock from $10,000,000 to $20,000,000. V. 77, p. 1534.
Date. Interest. Outstand'g Maturity.
BONDS—
STOCK
$20,000,000
Stock, $20,000,000 ($100)
8,494,000 Jan.1,'42
Consol. mortgage, $10,000,000, \ 1902 5g. J. J.
c. ilnt. at Union Tr. Co., San Fran., Trus.
gold, ($1,000)
Los Ang.& Pas. M., $l,000,000,^j 1898 g
i (0 00,000 Jan.1,'28
gold, guar,
L000)
--- o*(f
\ lnt atlfl.Tr.&Sav.Bk..Chic.,Trustee,
C ^oaq6 °SW& after Ja
'
or at Chase Nat. Bank, New York.
1908, at lOo.
J

Pa8

STOCK

8tock, $5,000,000 (par, $100)
New mort., $5,000,000 gold

&

RY.'-A trolley

-

Organization— Successor by consolidation Sept. 29, 1898, of Los
Angeles Ry. and Main St. & Agricultural Park RR. and by purchase of
the Mateo Street RR. and San Pedro Street RR. V. 68, p. 85. Owns
$5,050,000 of the $10,000,000 stock of the Paoiflo Light & Power Co.
of Los Angeles— see V. 75, p. 457.

4

Jan. 1, 1915
Interest Guardian Tr. Co., Cleveland, Trustee.
350,000 Nov. 1, 1949
Cons. M., $750,000, ) 1,000 1899 5g M-N
Int. at Guaranty Trust Co., N. Y., trustee.
gold $1,000
c* )
Bonds— Of the con. mortgage for $750,000, $200,000 is held to take
up first 6s and $200,000 for improvements and extensions.
Road—Owns road 9-6 miles in length, extending through the city
of Lorain to Elyria; sidings, two miles; total track, 11-6 miles. Of
the track 7-8 miles is on private right of way (land owned in fee sim-

T and 85-lb. girder.
OFFICERS— President, Pierre S. DuPont;

[Vol. lxxx.

interest.
J
sufficient amount of the $10,000,000 consols is reserved to
retire prior issues. Sinking Fund is $5,000 per annum, commencing
Jan. 1, 1907, for 5 years; then $10,000 per annum to Jan. 1, 1917;
$15,000 per annum to Jan. 1, 1922; $20,000 per annum to Jan. 1,

Bonds— A

1927; $25,000 per annum to Jan. 1, 1932; $30,000 per annum to Jan.
1, 1937, and $35,000 annually thereafter, said sinking fund to be used
in the purchase of the bonds, but fund may be invested in other securities if bonds cannot be obtained at par. The bonds of the Los Angeles & Pasadena bear the guaranty of the Los Angeles Ry. by endorsement. A sinking fund of $10,500 per year on those bonds begins Deo.
1, 1908, and bonds may be called at 105 on any interest date after Jan. 1,
Mt. Lowe are guaranteed, princi1908. The bonds of the Pasadena
pal and interest, by both the Los Angeles Ry. and the Los Angeles
Pasadena Electrio Ry. A sinking fund for those bonds commences
for
after 10 years from date of bonds of $5,000 per annum
first 5 years, $7,500 per annum for second 5 years, $10,000 per anper annum for remaining 5 years.
num for next 5 years and $12,500
These bonds may be called after 10 years on any interest date upon 4
weeks' notice at 104 and interest.
Road—When extensions are oompleted will oomprise about 442
miles of track. On Jan. 1,1905, 198 98 miles were oompleted.
OFFICERS— President, H. E. Huntington; Vice-President, W. F. Her
W. Hellman; Gen. Mgr., A. D.
rin; Sec, S. C. Baxter; Treas., I.
Sohindler.-V. 76, p. 1403, 1534; V. 79, p. 628; V. 80, p. 651.

&

&

-

LOS ANGELES INTERURBAN RY--

Organization —Incorporated in California on June 8, 1903, and is a
consolidation of the Los Angeles Traction Co.,|the Los Angeles <te GlenArlington By.
dale Ry. and the California Pac. Ry. The Riverside
and the Santa Ana & Orange Motor Ry. have also been acquired. In
1904 acquired the property of the San Gabriel Rapid Transit Ry. See
V. 79, p. 2588. The Los Angeles Interurban Ry. is one of the Huntington roads.
Outstand'g. Maturity.
Date.
Interest.
Bonds—
Stock
$10,000,000
Stock, $10,000,000, $100
1943
4,713,000
New M., $10,000,000, g. $ 1903 5 g.A-O
c&r < Int. at Union Trust Co., San Fran. .Trustee.
($1,000). guar
May, 1915.
250,000
Los An*. Trac. 1st mort., J 1895 6 g. M-N
$250,000, gold ($1,000) I St. Louis Union Tr. Co., St. Louis.Trustee.
250,000 Deo. 1, 1938
Los. Ang. Trac. 1st con. M., 5 1898 5g..J-D
gold, $250,000 ($1,000). \ St. Louis-Union Tr. Co., St. Louis.Trustee.
National Bank, N. Y.
Interest of both above mortgages at Chase
480,000 July 1. 1941
5 g. J-J
Cal. Pao. Ry. 1st M., gold J 1901
Trust Co., Los Angeles, Trust.
c I Title Ins.
($1,000), guar
Bonds. —Of the Calif ornia Pacific Ry. no stated amount authorized,
but is limited to $20,000 per mile of completed track. No sinking
fund on these bonds, and bonds cannot be called. Interest is payable
in N. Y. City. Tbese bonds are guaranteed by the Los Angeles Trao.
Co., both principal and int. See V.75,p 76. A sinking fund is provided
for the new $10,000,000 mortgage as follows 1908 to 1912, inclusive,
$5,000 per annum; 1913 to 1917, inclusive, $10,000 per annum; 1918
to 1922, inclusive, $15,000 per annum; 1923 to 19:27, inclusive, $20.000 per annum; 192-* to 1932, inclusive, $25,000 per annum; 1933 to
per annum, and thereafter to ma1937, inclusive, $30,000
turity, $35,000 per annum. The bonds are subject to call for the sinking fund at a price to be determined by the directors. These bonds are
guaranteed as to both principal and interest by the Pacific Elec. Ry.
REPORT -Year ending Deo. 31; for Los Angeles Traction Co. only:
Net
Gross
Operating
expenses.
earning*
earnings.
Year

&

&

&

Plant.— Generates eleotricity for light and power. Water power, also
steam plant, in Los Angeles. Has 10,000 h. p. plant on Kern River,
125 miles from Los Angeles. Two separate transmission lines running
the entire distance are used.— V. 74, p. 580; V. 75, p. 457, 1150.

LOS ANGELES PACIFIC RR.-An

steam road.
In January,

1

electrio

904, purchased the Los Angeles Ocean Park

&

and

Santa

Monica RR. V. 78, p. 342.
Organization—Organized June

STOCK

&

4, 1898.
Date.
Rate.

BONDS—

Outstand'g.

Maturity.

Stock, $1,500,000; par, $100
lstM.,$l,000,000,g.($l,000) 1898
1st consol. mort., $500,000.. 1901

$1,500,000
5J/c&Dro 1,000,000
1928
5 A.&O.
500,000 Apr 1, 1931
1903 5 g. M-S
2.233,000 Sep. 1, 1943
lst&ref. M., $5,000 ,000,^ Int.
at Los Angeles Trust Co Trustee, or
gold (1*1,000)..
at U. S. Mo it. & Trust Co., New York.
Los Angeles Herm. B.&i , Qrv9
<kiqo nnn
lwz
D
»i»AOOU
Red. lsiortgaee
\
Los Ang. & Santa M.M....
1903
5
85,000
Bonds.— Of the $5,000,00 > authorized, $2,067,000 are reserved to
retire prior liens and $700,000 for extensions at 75 per cent of oost
when net earnings are 1% times interest charges on bonds, including
those to be issued. A sinking fund begins in 190?, to which $50,000
per annum is payable the first 5 yeais, $'0,000 per annum the next 5
years, $70,000 per annum the next 5 years, $30,000 yearly the following 5 years. $90,000 per annum the next 6 years, $100,000 yearly the
following 5 years and $150,00'J per annum thereafter. These bonds
are not subject to call.
ROAD— Owns two lines of trolley road from Los Angeles to Santa
Monica, the entire local system of Santa Monica, with branch lines to
Hollywood, Laurel canyon, Santa Monica canyon, Soldiers' Home,
Elysian Park, Ocean Park and Inglewood, constituting about 82 miles
of railway, of whioh 60 miles electrio, 17 miles steam and 5 miles horse
railway; also 51 miles of new lines constructed and opened during
1902. Has 79 motor cars, 10 coaohes and 45 freight cars; total, 124
oars; 2 locomotives. Operates 2 large power houses at Sherman and
Ocean Park, with maohine shops and oar shops at Sherman.
OFFICERS— President and Manager, E. P. Clark; Vice-President and
Manager, M. d. Sherman; Secretary, A. I. Smith; Treasurer, M. E.
Hammond; Superintendent, W. D. Larrabee.—V. 66, p. 1140.
j

,

.

LOS ANGELES & REDONDO RY-A trolley road.
Organization.— Incorporated in California. Capital stock was increased in May, 1903, from $500,000 to $1,000,000. V. 76, p. 1143.

&

Interest, outstand'g.
Maturity.
Date
Bonds—
STOCK
Stock, $1,000,000 ($100)
$500,000
1902 5 g. J-J15
500,000 Jan. 15, 1932
1st mortgage, $5u0,000, ?
gold, ($1,000)
o* ) Int. at Union Trust Co., San Fran., trustee.
Earnings— For fiscal years ending June 30:
Surplus.
Gross.
Int. <£ taxes.
Net.
1904
$57,345
$258,487
$36,511
$93,856
ROAD —17% miles of track between Los Angeles and Redondo, and
also a new line, 17 miles, between same points, gauge 3^ feet, operated
by electricity. The old steam line has been ohanged to 3^-foot gauge
and is now operated by electrloity. Cars are equipped with 2 motors
of 50 H. P. each.
OFFICERS— President, L. T. Garnsey, Los Angeles; Vice-Pres., Peroy
T. Morgan, San Francisco; Sec. Treas. & Mgr., H. B. Ainsworth, Redondo; Supt., L. J. Ferry, Redondo.— V. 76, p. 1143; V. 78, p. 1392.

:

—

$313,834
270,768
220,783
191,847

1903
1902
1901
1900

ROAD— Operates

$220,034
155,078

$93,800
115,690
83,735
55,609

137,048
136,238

174-60 miles of track.

OFFICERS— President, H. E. Huntington; Vice President W.
C. Baxter; Treas., I.
Schindler; Supt., S. B. McLenegan.

rin;

Sec,

S.

W

Hellman;

<^eu.

Mgr..

HerA. D.

F.

V. 79, p. 627, 2588; V. 80, p. 651.

LOS ANGELES RAILWAYIs one of the Huntington properties, Mr. Huntington being reported
to be the owner of £>5 p. c. of the stock. See V. 80, p. 651.

LOUISVILLE, KY.
LOUISVILLE TRACTION CO--A holding company.

in New Jersey on July 5, 1903, and
has acquired practically all of the stock of the Louisville Ry. Co.
Holders of common stock of Louisville Ry., on payment of $55 in cash,
received three shares of new common stock in exchange for each
share of old stock held. Holders of the old preferred stock of the
Louisville Ry. received share for share of new preferred, with a bonus
of 20 per cent in common. The new company provided the Louisville
Ry. Co. with needed money to be used for improvements, the railway
company issuing $1,100,000 com. stock therefor See V. 79, p. 968.
The old Louisville Ry. Co. was incorporated Jan. 22, 1867, and is
a Kentucky company, owning all the street railways in the city of
It has $4,600,0t0 common stock and
Louisville and its suburbs.
$2,500,000 preferred stock, practically all owned by the Louisville
Traction Co.
The Louisville & Interurban Ry. has been organized in the interest
of the Louisville Ry. to oonstruot a system of urban and interurban
lines. It has been authorized to borrow $3,000,000. Up to Feb., 1905.
no securities had been Issued except $500,000 stock to Louisville
Ry. Co.

ORGANIZATION— Incorporated

Feb., 1905.

STREET RAILWAYS.

j

QmrK* Bonds-

Interest.

Date.

Common.fl2.000r600
Pf.5^ oum $2,500,000

EARNINGS— Year ending Aug. 31, 1904; oross, $101,454; net, $42,000;
interest, $10,000; divs. (9 p. c), $18,000; balance, surplus, $14,000.
OFFICERS— Pres., P. L. Spooner; Vice-Pres. and Gen. Man., F. W.
Oakley; Sec. and Treas., Wayne Ramsay; 8upt., G. H. Shaw, all of

Out stand' g Last div., <£c.
$11,000,000 Oct. '04.1 *%
See text.
2,500,000
463.300 July 1, 1909

6 g. J. -J.
Louisv. City Ry. M...S 1884
do M., gold \ Louisville Trust Co., Louisville, Ky., Trustee.
do

Madison.-V. 72,

196,000 Nov. 1, 1908
M.-N.
| Interest payable at First Nat. Bank, Louisville.
5,340,000 July 1, 1930
lg90
5g .j._j.
Interest Payable by Seligman & Co., N. Y.
o* S
(listed N
800,000 Mar. 1, 1940
4*2 g. M-S
Loufsville Ry. "id M., ) 1900
$2,000,000,g,$ 1,000 5 Int. at Columbia Fin. & Tr. Co., Louisv'le, Trus.
Bonds.— 01 the seoond mort. bonds due 1940, not more than $200,000
ean be Issued in any one year for improvements. V.70, p. 430, 480, 532.
Dividends— On Traction preferred, 5 p. e. per annum. On oommon,
the first seini annual dividend, 1H p. o., was paid Oct. 1, 1904.
ROAD -Owns 145 miles of track on 83 miles of street; all is electric.
Affords entrance into Louisville for the Louisville & Eastern RR.
REPORT Of Louisville Railway Co. for fiscal year ending Dec. 31.
Annual meeting third week in February.
1904.
1903.
Year.
1903.
1904.
Year.
$375,750 $300,000
Gross earn $2,048,264 $1,941,599 Dividends
3,688
7,639
661,473 Bal., surplus..
741.099
Net ..
357,785
357,710
Interest pd.
OFFICERS— President, T. J. Minary; Vice-President, St. John Boyle;
Secretary & Treas., Sam'l G. Boyle.-V. 78, p. 820; V. 79, p. 968, 102rf.
,t>
-o,,
Central Pass. Ry. M.
Loulsv Ry. Cons.

6

51888

Organization— Incorporated in 1901 in New Hampshire, and compower and street railway properties in and
around Manchester. The company took over the Manchester Electrio
Co., which controls the Manchester Electric Light Co. and the Manchester Street Railway. In 1902 the latter company was authorized
by the New Hampshire Railroad Commission to increase its stock
from $421,000 to $570,250, to fund floating debt and provide means
for new rolling stock; accordingly 995 new shares were issued at 150.
In July, 1903, $174,000 additional was authorized and in Jan., 1905,

prises the several light,

$250,000. Total now authorized. $994,250.
In June, 1903. it was decided to increase stock of Manchester Traction, Light & Power from $1,650,000 to $2,200,000, shareholders
being given the right to take the new stock at par, paying $50 July 1
$25 Oct. 1 and $25 Jan. 15.
Dale. Interest. Outstand'g.
Maturity.
STOCK—
$2,050,000 Jan. l6,'05,Ha
Stock, $5,000,000 ($100)
1,583,000 Aprill,1921
1st cou.mtge., $2,000,000, ) 1901 5 g. A-O
o* 5 Int. at Am. Loan& Tr. Co., Boston, trustee.
gold ($1,000)
Underlying Liens
Lt ^°'.l8
1897 5 «• A '°
250,000 Oct. 1, 1917

I

I

|

road
LOUISVILLE & EASTERN RR-A trolleyPewee

—

Organization—This was formerly the Louisville Anchorage &
Valley Elect. Ry., incorporated Jan. 14, 1901, but name changed as
above in January, 1903.
Date. Interest. Outstand'g. Maturity.
Stock &. Bonds—
None
Stock com $900,000
$350,000
Pref. $350,000 5 p. c, n. o
1931
350.000
P. 1st mort.,) 1901 5 g. J-J
Louisv. A.
$?>00,000, gold, sink, fund ^Int. at Cincinnati Tr. Co., Cincinnati, Tr.
call.
($1,000, $500)
J Sinking fund, but not subject to
1932
See text.
»
»
». t>
»_j _.»_* C 1902 5 g.
l0 .
" \ Interest It Fidelity Trust
S. V. Co.,
$150,000, gold
Louisville, Trustee.
I
Bonds.— Second mortgage bonds are all held in the treasury.
Road Operates 15 miles of track connecting Louisville. Anchorage
ana Pewee, with 5 miles in the city; total 20 miles. Extensions to
Shelbvville, Ind.; to Frankfort; to Eminenoe; New Castle, etc., in
Anderson and Spenoer Counties are contemplated.
Officers— President, H. H. Beohtel, Cincinnati; Vioe- President and
Treasurer, Percival Moore, Louisville.— V. 76, p. 266, 177.

M

$250000

CO.-

&

&

on Oct. 23, 1902, by the
Organization—
Railways & Light Co. of America as a consolidation of the Macon Consol. St. Ry. the Macon El. Light & Ky., the North & South Macon Street
Ry. and the Metropolitan Street Railway, The city ordinance permitting the consolidation, passed on Sept. 16, 1902, provides that at
least $150,000 shall be expended for improvements within two years,
and grants a 50-year franohise. For terms see V. 75, p. 733.

Organization— Successor in April, 1903, to the Citizens' Electrio
& Power Co., which in turn was successor to the Mansfield

Electric Street Ry. Owns entire street railway and electrio light systems in the city. City franchise runs until 1925.
Date.
Interest. Outstand'g. Maturity.
BONDS—
STOCK
Stock. $1,000,000 ($100)
$1,000,000

&

see V. 76, p. 750.

Road— Owns and operates about 28 miles of track, all of which
has been re laid with 70-lb. rails.
Earnings— For year ending Dec. 31, 1904, of consolidated properties:
Gross, $237,035; net, $10^,549.
Officers— President, Herman Myers, Savannah; Sec. & Treas., J. H.
Hertz, Macon; Asst. Sec. & Treas., F. D. Bloodworth, Savannah.— V.
78, p. 343.
_

MADISON, WIS.

in Sept., 1901. as suocessor to the
Franchises expire in 1932 and are practi-

cally exclusive.

&

1st M.$300,000, gold

Dale.

Interest.

Outstanding.

Maturity.

See text.
$200,000
210,000 Sept. 1, 1926

)
11
1901 5 g M-S
c.*5Int. at Milwaukee Tr. Co., .Milwaukee, Trustee.
Bonds.—Whole issue can be called on any interest date at 110 and
int.; $5,000 is payable yearly to sinking fund, beginning Sept. 1, 1916.
Road— Owns 11 miles of standard-gauge track, Including lines In
Madison and extension to Fair Oaks, Elmside, Lake Park and Cemetery
„ Dividends-— On Sept. 1, 1902, 5 p. o. was paid; Sept. 1, 1903, 5 p. o
Sept. 1, 904, 9 p.c.

($1,000)

;

i

$32,500; surplus, $32,164.
operates 9 miles of track in oity and an interurban
line of 12 miles to Shelby; 60 and 70 lb. T rail. 40 oars.
OFFICERS.— President, H. M. Byllesby; Vice-Prest., A. S. Huey;
Secretary and Treasurer, W. D. Breed; General Manager, Wm. Raber.
V. 74, p. 204; V. 76, p. 7<»4, 810; V. 78 p. 2442.

$64,664; interest

,

Road— Owns and

—

MARION.

COAL BELT ELECTRIC
&

CO--A trolley road.

Organization— Incorporated

STOCK
BONDS— Miles.
Stock, $200,000 ($100)

first
mortgage, 5 1901
5
200,000 Apr.1,1923
$400,000 ($500)
I Int. at Cleveland Tr. Co., Cleveland, Trus.
Mans. Ry., Lt & Pow. gen. ( 1903
5g. A-O
$450,000 Apr.1.1918
mtge., $1,000,000, gold 1 Union Savings Bank & Trust Co., Cinoinnati, Trustee.
& $1,000)
($500
o*(
Bonds —Interest on the new bonds of the Mansfield Ry., Lt. & Power
Co. is payable at Rudolph Kleybolte& Co.'s offices, New York, Cinoincinnati and Chicago. $200,000 of the new bonds are reserved to retire the bonds of the old Citizens' Company and $350,000 for future acquirements and improvements. A reserve fund of $10,000 per
annum is maintained, to be used for extensions and improvements.
Not subject to call. See V 76, p. 810.
Earnings— For year ending March 31,1904: Gross, $147,311; net,

Citizens'

Maturity,

A t n
A.&O.
Oct.,*04,3%
\
Mac. Ry. & Lt. 1st Con. M., > 1903 5g. J.-J.
Jan 1,'53
g. $1,000,000 ($l,000).c* 5 Int at N. A. Tr. Co., N Y., Trust., or by Co.
Mac. E. Lt. &Ry. 1st M.) 1899
6 g. J42,500
Jan. 1, '29
$100,000 ($500), g... o* 5 Int. at Bowling Green Tr. Co., N. Y., Trus.
Bonds.— $69,700 in bonds and stock is re-erved to retire a like
amount of the Macon Electrio Light & Ry. bonds; remainder of the
bonds is reserved for extensions and betterments at flve-slxths of cost.
Bonds of 1903 can be called on any interest date after five years at 110
and interest. See V. 76, p. 212.
Toting Trutt.— Common s :ock is held in a voting trust until Oct. 1,

Madison Electric Railway.

CO.-A

Ry. Light

$900,000
300,000
909.000
909,000

MADISON TRACTION

-

MANSFIELD RY. LIGHT & POWER
trolley road.

in

1907,

>

MANSFIELD, OHIO.

MACON, GA.

MACON RAILWAY &Georgia
LIGHTIncorporated

Outstand'g.

30:

V. 78, p. 103. February, 1905, receiver still in charge. Road is to be
sold under foreclosure on March 8, 1905, and reorganized.
Date. Interest. Outstand'g.
Maturity.
STOCK
BONDS
Stock
$200,000
mortgage,$200,000,g.o* ) 1898 6 g. J-J 150,000
Jan. 1, 1918
1st
($500 each)
s Int. at Metropolitan Tr. Co., N.Y., Trustee.
1902
5 A -°- $ 70 000 A P r 15.1904
\
2nd mtge. $70 0C0
Jnu Mttre */o,ir.i>
^ Chioago Title
Trust Co., Chicago, Trus.
Bonds— Of the first 6s, $4,000 must be drawn by lot at 105 yearly
Jan. 1, 1904, and after, but bonds subject to call at 105 after 1903.
ROAD— Operates 14 miles of track; 30 cars; brick boiler houso; three
large engines and generators; iron car house. The line extends from
Manistee to Filer City, East Lake and 8tronach, Oak Hill and Parkdale. Including park on shore of Lake Michigan, theatre, restaurant
house, station, bath rooms, pavilions, &c, over $100,000 spent for
improvements in 1899.
OFFICERS— Pres., R. A. Crandall; Sec. and Treas., F. 8. Heath. Gen'l
Mgr., Frank J. Huatoon. General Offices, Manistee, Mich.; V. 78, p. 103.

interest charges, $38,961; surplus, $41,315.
Road— Owns and operates 14 miles of road in city and suburbs.
Officers— President, R. D. Apperson, Lynchburg, Va.; Secretary
and Treasurer, F H. Shelton. 1004 Penna. Bldg., Phila.—V. 72, p. 873.

>

June

Inl.<6 taxes.

MANISTEE, MICH.
FILER CITY
MANISTEEA trolley. Default occurred on coupons LAKE
RAILWAY— Trust Co. of Grand Rapids& EAST due Jan.,
was appointed receiver.
1904, and Michigan

See text.
$750,000
1901 5 g. M-N
6*9,000
May 1, 1931
Real Est. Trust Co., Phila., Trustee.
Int. at R. M. Janney & Co., Philadelphia.
5 M-S
1930
Lynchburg Gas Co. 1st 5
111,000
mortgage
I Int. at Real Estate Tr. Co., Phlla., Trustee.
Dividends —In 1904, July, 1 per cent; Nov., 1 per cent.
Bonds -Of the 1st mortgage bonds $111,000 are reserved to retire
bonds of like amount of Lynchburg Gas Co., due 1930. Sinking fund
of 1 per cent per annum becomes operative in 1906; which is increased
in 1916 to l 1^ per cent. Entire issue can be called at any time.
Earnings— Year ending Apr. 30, 1904, gross, $216,118; net, $80,276;

$300,000 ($100)

for years ending

Dividends. Balance.
1903-04
$338,703 $230,482 $82,487 (6%)$120,355*df.$6,250
1902-03
267,768
53,393
21,586
(6%) 31,230
577
1901-02
451
235,172
51,838
20,157
(6%) 31,230
* After paying $25,000 for depreciation and $8,890 "other charges.''
OFFICERS— Pres., William A. Tucker; Treas., S. Reed Anthony; General Manager, J. Brodie Smith.-V. 76, p. 1355; V. 78, p. 2442.
Net.

fiross.

lst mortg.. $1,000,000,
s. f. ($1,000) gold...o*

pf.,

and betterments,

EARNINGS— Of the Manchester Street Ry.

Stock, $750,000 ($100)

"

}

1*3 p. c.

Organization —This is a consolidation on May 1, 1901, of the Lynchburg Electrio Ry. & Light; the Lynchburg & Rivermont 8t. Ry. (franchise perpetual) and the Lynchburg Gas Co., and comprises all the
street railways, gas works and electric-light plants of Lynchburg.
Maturity.
Outstanding.
Date. Interest.
Stock AND Bonds—

6p.o.cum

.'

miles track, standard, of which 5'30 miles second
track and 2-42 miles sidings, etc Rails 70 and 90-lb. T. In 1904
completed a new power plant on Merrimac River at Bow, N. H. See
V. 78, p. 2442.
DIVIDENDS— First div. of 3 p. o. on July 15. 1901 In 1902, 6 p. c. In
1903 (changed to quarterly), 7^ p. o. In 1904, 6 p. c. In 1905, Jan.,

served,

Interest.

-

Road— Owns 3609

—

Date.

.

new

ture improvements

&

Stock & Bonds—

!.

1st con. mtge., $250,000 are reserved to retire
above underlying bonds. The remaining $167,000 are available for fu-

&

Stock.coni., $900,000 ($100)

M

'

Bonds— Of the

,

Trolley.

N. H.

MANCHESTER TRACTION LIGHT &
POWER CO-

yT

LYNCHBURG, VA.
LYNCHBURG TRACTION & LIGHT
about 28,000.
Population

p. 438; V. 73, p. 494, 663; V. 79, p. 501.

MANCHESTER,

M^

^niJfl

789

ILL.
RY--

Maturity.
Date.
Interest. Outstand'g.
Bonds—
Stock
Stock, $300,000 ($100)
$300,000
Deo. 1. 1921
1st mort., $300,000, gold) 1901
300.000
5 g. J-D
c*r 5 Int. at Am. Tr.
5av. B'k, Chicago/Trustee.
($500)
Bo'-ds— Are subject to call in any amount at 105.
Road— Operates 22 miles of track from Marion to Spillertown, Pollard, Carterville and Herrin. Standard gauge. 60-lb. T rail.
Officfrs— Pres.,F. S. Peabody Vice-Pres. & ^en. Mgr.. J. J. Hart;
Sec, A. W. Underwood; Treas., J. D Adams; Train o Mgr. <fc Aud., J.
B. Russell, all of Chicago; Supt., W. L. Runyon, Marion.

&

;

MARSHALLTOWN,

IA.

MARSHALLTOWN LIGHT POWER
Kxolusive
Iowa
Incorporated

Organization—
1917. Runs electiioal

in

lighting

in 1892.

and gas plant and

& RY.

rights
eleotrio railway.

till

-

STREET RAILWAYS.
Maturity.
Outstand'g.
MICHIGAN CITY,
$250,000f.p

790
Stock

&

BONDS—

Date.

Interest.

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

July 1, 1913
150,000
6g. J-J
o.**Int. atlll. Tr.
Sav. Bk., Chicago, trustee.
called.

mortgage ($150,000)

gold ($1,000)

Bonds— Cannot be

ROAD—Trolley

&

Standard gauge, 40 and 60-lb. T rail.
Jones, Independence, la,; sec, S. B. Hovey,

track, 4 m.

OFFICERS— Prest.,
Independence,

1893

)

C.

D

Treas. and Supt., M.

la.;

MASON

W. Hovey, Marshalltown,

la.

IOWA.
MASON CITY & CLEAR LAKE RAILWAY
July
Operated
CO-— Organization, Etc.— A
CITY,

since
trolley road.
feet wide from Mason City to Clear Lake,
9 miles. Length of line within and between two cities, 17 6 miles,
8tock, $200,000. Bonds (authorized), $100,000 1st gold 6s, J. -J. 15,
Savings Bank, Chicago, Trustee; sinking
interest at Illinois Trust
fund retires $3,000 yearly at 103, beginning Jan. 15, 1900, and
amount outstanding,5$82,000. Handles all freight coming over Iowa
North Western and Chicago Great West'n railways,
Central, Chicago

1897.

Owns right of way 33

-

&

&

between Mason City and Clear Lake.
E. Brice; Secretary, F. J. Hanlon.

President and Gen. Manager, W.

mauch" chunk, pa.

CARBON STREET
Incorporated

Organ zation—
foreclosure of the

RY. -a trolley road.

Stock—

Bate.

Interest.

$354,000

Stock, $354,000

Road— Is to
In

and is sucoessor under
Slatington St. Ry.
Last Div.
Outstand'g.

Oct. 17, 1904,

Mauch Chunk Lehighton &

operate 25 miles of road, connecting the points
12 miles completed and in operation.

Officers- President, Harry
Keck; Supt.,

Wm.

named

C. Trexler; Sec. and Treas., Andrew S.
p. 1392, 1447; V. 79, p. 681, 2146.

MEADVILLE, PA.
electric

Organization -incorporated in Pennsylvania
passengers, mail and express. Population served,

in 1901.
ii5,000.

Carries

—

&

Date.
Interest.
Outstand'a.
Maturity.
STOCK
BONDS
Stock, $300,000
$300,000
1902
1st mort., $300,000 I
5
300,000
July 1, 1932
($500)
5 Int. at Equitable Trust Co., Pittsburg, Trustee.
Bonds— Are subject to call after 20 years at 105 and interest.
EARNINGS—For year ending June 30.1904, gross, $41,467; net,$22,433
ROAD-Operates 16*20 miles of track between Meadville and Cambridge Springs, forming the connecting link between Meadville and
Erie. 77 *o and 85 lb. j rail. Commenced operating Jan. 15, 1903.
Pres., F. R. Shryock; Treas , Chas. Fahr. Offices, Meadville, Pa.

MEMPHIS, TENN.
MEMPHIS STREET RAILWAY COChartered
1895 and consolidated with

Organization—
zens' St., East

End

in
Street, City

&

the Citi-

Suburban and Memphis <fe Raleigh
1945. For action of Council with

&

90 lb. T and Johnson.
OFFICERS— Pres., C. K. G.

to

Billings; Vice-President, General Man'r and
Purch. Agent. F. G .Tones Secy., W. S. McCrea; Treas., R. L. Benson.
-V. 78, p. 1497; V. 79, p. 27-6.
:

MENOMINEE, MICH.
MENOMINEE & MARINETTE LIGHT &
TRACTION COconsolidation
.

In June, 1903, of the Menominee
Organization—Is a
Elec. Light, Ry. & Power, the Marinette Gas, Elec. L. & St. Ry. Co.and
the Menominee River Gas Co. Owns 7 miles of track. Further information refused.
OFFICERS.—President, A. Spies; Vice-President, S. M. Stephenson;
Secretary & General Manager, E. Daniell.— V. 74, p. 478; V. 76, p 1355

MERIDIAN, MISS.

MERIDIAN LIGHT & RAILWAY CO
Incorporated in Mississippi in

Organization—

1901 as a reorganizaIn March, 1903, increased capital
from $450,000 to $1,000,000 and made a new refunding mortstock
gage for $750,000 for the purpose of making extensive improvements
tion of the Meridian street Ry.

See V. 78, p, 1109, 1223.

STOCK & BONDS—
Common, $600,000

Date.

Outstand'g.

Interest.

$306,500

Pref. 6% n. c, $400,000
Ref. mtge., $750,000, g.,
($500 and £1,000)... c*

Maturity.
..

..

None
)

\

1904 5

g.

Int. at City

M-S
Bank

346,000

March

1,

1944

& Tr. Co., Mobile, Trustee.

Bonds—There was $225,000 of first 5s outstanding, but these (with
the exception of $4,000 for which new bonds are reserved) have been
deposited as collateral for the new bonds, A sinking fund of two per
cent of bonds outstanding becomes operative March 1, 1906. Bonds
are subject to call on 60 days notice at 105.
Earnings— Total gross for 12 months ending Dec. 31, 1903, $77,155;
net (after operating expenses, insurance, reserve for contingencies,
discounts and allowances), $16,744; taxes & int., $11,030; bal., $5,714.
Road— 7 miles of traek. Electric department operates 130 oity arcs,
6,000 incandescent lamps, 75 H. P. motors and 100 commerc'l aro lights.
OFFICERS— President, W. H. Armbreoht; Vice-Pres., A. J. Patterson;
Sec.

and Treas.,

J. A.

Gibson.— V. 75,

p. 29;

Stock & BondsCommon, $200,000 ($100)

V. 78, p. 1109, 1223.

ST.

RY.-A

Organization —This company proposes to acquire the stock of the
Cumberland & Westernport St. Ry. and a .number of eleotrlc-Hght
properties.

&

Date.
Interest. Outstanding. Maturity.
Stock
BONDS—
Stock, $1,500,000, $50
(?)
1st mortgage, $1,51)0,000, J 1904
5g. F-A
50,000 Aug. 1,1934
($500 and $1,000)
o* \ Int. at Real Estate Tr. Co., Phila., Trustee.
Bonds No sinking fund, and bonds are not subject to call.
Officers— Pres,, O. W. Kennedy; Vice-Pres., J. W. Pryale; Sec^
Wm. J. Ward; Treas., H. L. Borland.—V. 76, p. 1301.
'

—

Maturity.

$200,000
75,000

..

150,00<; Dec. 1, 1923
5 g. Q-M
Int at Central TrustCo.,indianap., Trust
efer3
c&i
or at Mercantile Trust Co., N. Y.
^
Bonds.— $150,000 are reserved for extensions and betterments. Are
subject to call at 102 on any interest date.
Earnings— For Jyear ending Dec. 3', 1901, gross, $43,488; net

mort *SOOOOO
($500 ana lioo?
($ooo ^Vid $ioo».

s-old (

1st,

1S03
-

$15,056.

Road Operates 3 mile, of track in city. 72 ani 85-lb. T rail. Extension of 2 miles will be built in 1905. Also owns commercial and
municipal lighting plant, covering all of cicy and suburiis, operated
under perpetual franchise. Has 10-year contract with city from
Aug. 1, 1903, for municipal lighting.
O Fice»s— President, Russell B. Harrison, Indianapolis; Vice-Prest.,
Huifh J. McGowan; Secretary, F. M. Ingler; Treas'r, Edw. L. McKee;
(ieneral Manager, A. A. Boyd; Supt., W. E. Wright.

MICHIGAN CITY TRACTION CO.-A trolley road
Organization— Incorporated
Date.
Stock & BONDS

Pref.,

in Indiana on Dec.

$200,000

5% n

o

.

1,

1902.

OuMand'g.

Interest.

$30(',000(*100)

Maturity.

$25,000
25,000
100,000

.

5 &• Q"
Dec. 1, 1923
(
mt™ <Bl O0O OOO < 1903 IndianaM
Trust Co.
nn $ooo)... r^?:
($ioo & *™'m' .c&r^ Int. at Mercantile Trust Indianapolis, TrueCo., New York.
tee, or
<r

*,'

,<bi

,

Bonds -No sinking fund, but subject to

call on any int. date at 102.
36 miles of track from Michigan City to South
Bend, of which 4 miles in Michigan City has been completed. Standard

to operate

gauge, 85-lb.

T rail.

B. Harrison, Indianapolis; Viee-Pres.,
Secy. & Mgr., A. A. Boyd; Treas., Fred. J. Brinkmeyer; Sup't, "Walter Wright.

Officers— President, Russell

Hugh

J.

McGowan;

CHICAGO INDIANA & MICHIGAN TRAC-

TION CO— A trolley road.

in Indiana

Organization— Incorporated
Date.
STOCK A BondsCommon, $40^,000 ($100)
Pref.,

$100,000

5%

May 8, 1903.
Outstand'g.

on

Interest.

Maturity.

(?)

n. c

(?)

Road- Ts to operate 36 miles of track from Michigan City to Ham
mond. Road is to be constructed in 1905.
OFFICERS— President, Russell B. Harrison, Indianapolis; Vice-Pres.
Hugh J. McGowan; St-c, Lynn B. Martindale; Treas., Edward L. Mc

MIDDLEBORO, MASS.
MIDDLEBORO WAREHAM & BUZZARD'S
road.
BAY STREET RY.—A
trolley

Organization— March

1904, John T. Burnett and John L. Hall appointed receivers. We are informed that interest on tne bonds is not
in defailt. See V. 78, p. 1109. Road was sold under foreclosure on
Dec. 17, 904, and bid in foi $35,000, subject to the bonds below.
See V. 79, p. 2748, 2456.
T>ate
Interest.
Outstand'g.
Maturity.
Bonds—
STOCK
1st mortgage. $150,000 i 1901
5g. A-O
$150,000
Oct. 1, 1921
c. S Int. at Federal Trust Co., Boston, Trustee.
($1,000), gold
Bonds.— No sinking fund, but subject to call on or before Oct. 1,
1906, at 110; thereafter through Oct. 1. 1911, at 107^ and thereafter
before Oct. 1, 1921, at 105, all with interest, dee V. 73, p. 1313.
Road— Operates 29 miles of track in Middleboro and to Buzzard's
Bay and to Monument Beach. Rails 60 and 70 lb. T.
Bearse, Middleboro; Vice-Pres., E. F.
Officers— President, A.
Witham; Secretary and Treasurer, Thos. F. Carev; Counsel, Nathan
Washburn—V. 78, p. 1109; V. 79, p. 501, 2456, 2748.
1,

1

&

M

MIDDLETOWN,

N. Y.

MIDDLETOWN-GOSHEN ELECTRIC

R'i.-

In Sept., 1904, W. B. Royce was appointed receiver, interest on the
bonds being in default since 1898. Is to be sold under foreclosure on
Feb. 23, 1905.
Organization— On Oct. 25, 1899, was incorporated as successor by
purchase at foreclosure of the Middletown-Goshen Traction.

STOCK

&

BONDS—

Date.

Interest.

Outst'd'g.

Maturity.

Stock, $100,000 auth. $100
Old Co's.lstmort.,$200,000,
o*
gold, $1,000, s. f
Middlet'n-Bloomb'g 1st M.

$100,000
)
1894 6g. J-J
200,000 Jan. 1, 1919
Reduced temporarily to 4 per cent.
s
1895 6 M.&N.
75,000 May 1, 1920
\
gold ($1,000)$200,000 s.f. S Reduced temporarily to 4 per cent.
ROAD— Operates 13 miles of track extending from Middletown,
ST. Y., to Midway Park, Goshen, including switches, turnouts, etc.
Rails 65-lb. T except H mile only of 80 lb. girder. Standard gauge.
OFFICERS— President and Gen. Manager, W. B. Royce; Vice-Pres.. W.
B. Broomall; See. and Treas., Herbert B. Royce; Sup't, Samuel Gans-

mann.— V.

67, p.

480, 1003; V.

69, p. 440, 852, 906; V. 78, p. 1392.

MILFORD, MASS.
MILFORD ATTLEBORO & WOONSOCKET
ST. RY. -A trolley road.
Organization.— Connects the towns named in the

STOCK

&

BONDS—

Dale

Stock ($100) $325,000.
1st mtge., $300,000,gold)

—

($1,000)

MEYERSDALE & SALISBURY

...

Pref, $75,000 5% nc. v $100)

Cannot be

MEYERSDALE, PA.

trolley road.

Interest. OutstandXg.

Date.

Kee; Manager, A. A. Boyd,

Springs lines; franchise runs till
regard to a proposed opposition liDe, see V. 79, p. 2795.
Maturity.
STOCK BONDS— Miles. Date. Interest. Outstand'g
St'k $500,000 ($100)
$500,000
1887 6 g. J-J
Citz. St. RR. 1st M. ) 85
906.000 Jan. 1, 1916
($1,000). gold_.o* S Int. at Am. Ex. Nat. Bk.of N.Y.andin Memp.,Tenn.
Road— Operates 85 miles of track in Memphis and suburbs. Rails 70

to the property.

Indiana on June 13, 1902, and is
successor to the Lake Cities Electric Rv., purchased at foreclosure sale
on Dec. 10, 1903, and to the Citizens* Street Ry.

Road— Is

MEADVILLE
road.
STREET RY. An& CAMBRIDGE SPRINGS

CO--

O b Q»niz»tion— Incorporated in

1st,

Rockell.— V. 79.

IND.

MICHIGAN CITY ELECTRIC

Common,

me title, of which

[Vol. lxxx.

o. >

title.

Interest. Outstanding.

Maturity.

$315,000 1901-02,4%
1899
Oct. 1, 1919
250,000
5g, A-O
Interest at Mercantile Trust Co., Boston,

) Trustee.
operates 30 miles of traok.
Has traffic agreement with Woonsocket Street Railway, allowing it to run over its
tracks into the city. Operates 26 cars. Rails, 60 and 85 lb.
EARNINGS— For years ending Sept. 30. In 1904, gross, $78,875. In
1903, gross, $76,849; net, $14,766; fixed oharges, $16,362; deficit,
$1,596.
OFFICERS— Pres., G. W. Wiggin, Franklin; Treas., E. K. Ray, Woonsocket Sec. and Man., W. H. Tyler, Milford.— V. 73, p. 236, 392.

called.

Road— Owns and

;

MILFORD & TJXBRIDGE ST.

RY.-Trolley.

Incorporated in Massachusetts in 1901. On July
10, 1902, consolidated by purchase of entire capital stock with the
Milford Holliston & Framlngham St. Ry.

Organization.

-

STREET RAILWAYS.

Feb., L905.J

&

Outst'ind'g.
Maturity.
Interest.
Date.
Bonds—
Stock
$440,000 1903-4, 1»«%
Stock, $440,000 ($100) ...
$165,000 Jan. 1, 1918
5g. J-J
Fram. 1st M., > 1898
M. Holl
Tr. Co , Boston, Trustee.
$165,000 ($1,000) g.o* S Int. at Am. L.
$250,000 Jan. 1, 1918
5g. J-J
MUf. & Oxb. gold bonds, * 1902
Tr. Co , Boston, Trustee.
$250,000 ($1,000) g.c* 5 Int. at Am. L.
.
$62,047
Notes oavable Sept. 30, 1904.
EARNINGS For tlsoal year endlne Sept. 30, 1904, gross. $142,745;
net, $34,734; fixed charges, $34,605; dividends, $6,600; del, $6,471.
ROAD— Owns 36 miles of track, from So. Framingliam to Uxbridere,
and from Milford to Medway and Hopkinton. Also controls Lake Nip-

&

&
&

'

',

anuo Park.

791

KEPORi — Fiscal year ending Deo. 31, 1904:
$3«3,986 Other income
Gross— Railway
"
77,968 Taxes
Electrio light. ...
$461,954
Expenses— Ry.& elec lt... 216,964
$244,990

Net earnings

Depreciation
Interest

Total gross

Balance, surplus
|

Officers and Directors— Same as The Milwaukee Eleotric

General office, 451 Broadway, Milwaukee, Wis. New York
30 Broad Street.— V. 72, p. 283, 937 V. 75, p. 394; V. 80, p. 472.

Bonds—

Date.

Interest.

Outstand'g.

Maturity

$175,000
208,000

8tock, $175,000

1914
mortgage. $400,000,) 1894 5g.F-A
gold ($1,000 each)....o* s Interest at Land Title <fe Tr., Phila Trus.
34,462
"Other debts" Dec.31, '04
EARNINGS— For year 1904, gross, $31,384; net, $5 932.
Road.— Operates 1254 miles of track in Millville, Vlneland and
township of Landis. of whioh 8"67 miles put in operation in 1901.
Off'CERS.— Pres't, G. B. Langley; Sec, G. H. Thomas; Treas., Danlet

iel C.

Lewis

^^^^^

MILWAUKEE,

WIS.

RY & LIGHT-MILWAUKEE ELECTRICStreet Railway Company
Milwaukee
Successor

of
Organization—
Bold in foreclosure Jan. 29, 1896, per plan in V. 60, p. 1009.
braces all the street railway lines in Milwaukee, and an extensive
system ot suburban and interurban lines. Controlled by the "North
IndusAmerican Co." (See Miscellaneous Companies in Railway
The company, besides its street railway systrial Section.)
tem, owns and operates electric-light ana power works under franchises said to be exclusive ; these include all the electric-light
companies, among others the Edison Elec. Illuminating Co., the Milwaukee Electric Light Co., the Badger Illuminating Co., the Milwaukee
Aro Light & Power Co. and the Pabst Light, Heat & Power Co. Was

Em

&

furnishing on Deo.31, 1903, 137,177 incandescent lamps, about 3,739
motors and 3,226 arc lights. Owns all the stock of the Mil
wattkee Light, Heat & Traction Co. See its statement below.
The franchises of the company run until Deo. 31, 1934.—V. 70 p. 39.
Stockholders in Jan., 19')1, voted to increase common stook from $3,500,000 to $15,000,000, to provide funds for improvements, the additional stock to be issued from time to time as needel.
Date Interest. Outstand'g.
Maturity.
Bonds—
Stock
h. p. in

&

Com.

office,

WISCONSIN
HEAT
POWER CO- TRACTION LIGHT, Milwaukee &
This company was incorporated
Orqanization—

MILLVILUE, N. J.
MILLVILLE TRACTION-A trolley road
&

Rail-

way & Light Company.

;

OFFICERS— President, John T. Manson, New Haven, Ct.; Vice-Prest..
Sydney Harwood; Treas., J. E. Walker, Milford; Supt., W. L. Adams;
Milford, Mass.— V. 74, p. 1308; V. 76, p. 102.

Stock

$30,273
23.098
27,717
152,916
71,532

i

1

stock, $15,000,000 >
$9,000 000 In 1905, 5%
5
(par$100)
Pref stock, $4,500,000, 6
F 4,500,000Jan3i*05,li«%
*•
p. c.,non-cum.,par $100 £
Milw. City RR. 1st mort., $ 1888 5g. J -D
1,000,000 Dec 1, 1908
41 m., $l,000,000,gold.c* \ Central Trust Co., N. Y. City, is trustee.
West Side Street Ry., 1st \ 1889 5g. J - J
$500,000 July 1, 1909
mort., covers 18 miles... \ Int. at Farmers' L. & Tr. Co., New York.
Milw. El. Ry. & Light Co., < 1896 5g. F-A $6,500,000 Feb. 1, 1926
consol.M.$8,000,000,g.c* I Central Trust Co., New York, Trustee.
Interest payable at company's office, 30 Broad Street, N. Y.
Stock and Bonds— New consols of 1896 for $1,500,000 are reserved
These bonds and also the preferred
for prior bonds still outstanding.
stock are listed on the N. Y. Stock Exchange.
Road Total track 150*32 miles— all trolley.
Annual Report—Fiscal year ends Deo. 31.
Oale?idar year—
1904.
1903.
1902.
1901.
Gross railway
$2,698,641 $2,558,459 $2,302,514 $2,032,208
Lighting, etc
520,054
472,018
434,807
385,226
.

.

—

Gross earnings
$3,218,695
Operating expenses.. 1,592,413

$3,030,477
1,526,910

Net earnings
Other income

$1,503,567 $1,451,286 $1,231,900
65,847
38,972
24,907

$2,737,321
1,286,035

$2,417,434
1,185,534

at

in

August, 1900, with a nominal capital of $10,000 (since increased
to $1,000,000), for the purpose of uniting certain properties in
the Fox River Valley; will also form, it is thought, a link in a line
from Chicago to Green Bay, Wis. Secured control of the Fox River
Valley Eleotric Ry. and the Appleton Electric Light & Power Co., and
has consolidated them, in Sept., 1904, purchased entire capital stock
of the Fox River Valley Gas & Electrio Light Co. and guarantees its
bonds, principal and interest. See V. 79, p. 787, 1267.
Date.
Interest. Outstanding. Maturity.
STOCK 8c Bonds.—
Stock, $l,«0o,000 ($100).
$750,000
950,000 July 1, 1931
5g. J-J
1st mortgage $3,000,000) 1901
(t>i. 000), gold, no s. f..c*
Int. at Milwaukee Trust Co., Mil., trustee
5g.
350,00^ Apr. 1, 1921
Fox River Val. 1st mort. ) 1901
$350,000 g. ($1,000) c. S Merchant's Loan & Tr. Co., Chic, Trustee.
Bonds.— Entire issue of Wis. Trac. L. H. & P. Co. bonds may be called
on any interest date at 110. The Fox River Valley bonds are subject
to call after April 1, 1911 at 105 and interest.
Road.— Operates 15 miles of track, connecting Neenah, Menasha,
Appleton and Kaukana, and 5 miles locally in the city of Appleton;
total 20 miles. Owns electric-lighting plants in Appleton, Neenah and
Menasha and supplies gas to Neenah, Menasha an* Appleton.
Officers.— Pres.. John I. Beggs, Milwaukee, Treas. ,;Henry D.Smith,
1st Nat. Bank building, Appleton, Wis.— V. 79, p. 787, 1267.
<,

MINNEAPOLIS, MINN.

TWIN CITY RAPID
road.

TRANSIT-Cable

and

electrio

Organization— Organized under the laws of the State of New Jersey,
June 3, 1891, and by virtue of its stock ownership of the underlying companies (to wit: The Minneapolis Street- Railway Co., The St.
Paul City Railway Co.. the Minneapolis Lyndale & Minnetonka Railway
Co. and the Minneapolis & St. Paul Suburban) controls and operates
the entire street railway system of Minneapolis, St. Paul and Stillwater.

STOCK

&

BONDS—

Date.

Interest.

Outstanding.

Maturity.

Twin City Rap. Iran.—

Common stock,$17,000,000; par, $100 5
Preferred stck, cum >
$3 000,000 ($100) \ 1895
Minn. St. Ry. Co.—
1st M., g.,red. at 105. ? , aar

.

188 °

yearly.
\
2d mort., gold... c&r 1883
1st consol. mort gold,

Q-F.

$16,511,000 Feb.l5,'05,li4%

Q.-J.

3,000,000 Jan., 1905,1%

7g. M.-

N.

6g M. N.

190,000 Nov.
600,000 Nov.

1,

1,

1910
1913

$5,000,000
o* 1889
5g. J.ij-J
4,190,000 Jan. 15, 1919
Paul City Ry. Co.—
M. onreal est'e & J 1882
224,000 Apr., 1, 1932
1st
6g. A.-O.
horse-car franch
S Exchangeable at 105 for 1st consol.
1st consol. M., gold.. 1884
6g. A.-O.
456,000 Oct. 1,1934
Cab. con., g., see text. 1887
5g. J.is-J.
3,708,000 Jan. 15, 1937
Minn. & St. Paul Sub. y —
l8tM.,g.,$500,00: .c*
500,000 Sept. 1, 1924
Guar.by Twin City R. 1899at 5gM-S.
Int.
Central Trust Co., N. Y. Trustee.
T. and St. Paul City..!
Minn. St. dk St. Paul City Ry. —
Joint issue gen. M., $1,->1901 5 g. J - J
$990,000 Jan. 1, 1911
000,' 00 ($1,000) gold c 5 Int. payable at Cent'l Tr. Co. N. Y., trust.
Joint con. M. $10,000.- 1903 ft g. A - O 3,510;000 Oct. 1, 1928
000 ($1,00^) c* gu. p.&i. \ Central Trust Co. of N. Y Trustee.
All bonds are for $1,000 each, and, with the exception of the Minn.
& St. Paul Sub. Ry. and the two joint issues.(of 1901 and 19J^), interest
St.

. .

>

.

$1,626,282
66,6*3

$1,692,965 $1,569,414 $1,490,258 $1,256,807
Out of the net of $1,692,965 for 1904, $409,920 was paid for interest
and $177,028 for taxes. $27<\000 for pref. divs. (6%), $400,000 for
com. div. (5%) and $1 3.000 was charged up for depreciation, leaving
a surplus bal. of $323,017.
Dividend Regular quarterly dividends of l'h per cent have been
paid on the preferred stock since February, 1900. On the common
stock in Feb., 1903, 4 p.c. was paid out of earnings for 1902. in 1904, 4
p.c. paid from earnings of 1903 and in 1905 5 p.c. from earnings of 1904.
Officers— President & Gen'l Mgr., John I. Beggs, st Vice-Pres.,
Wm. N. Cromwell, 2d Vice-Pres., C W. Wetmore; Secretary, Silas W.
Burt, New York; Treas., Geo. R. Sheldon; Auditor, H. C. Mackay. N.
Y. office, 30 Broad St., N. Y. City.— V. 75, p. 77; V. 76, p. 263.

—

I

Companies Controlled by the Milwaukee Electric Ry.

&

Light Co.

MILWAUKEE LIGHT HEAT & TRACTION COMPANY.— Incor-

porated December, 1896.

The

capital stock ($500,000) is all

owned

by the Milwaukee Electric Railway & Light Co.
The Traction Company owns and operates the following propertiesall

trolley roads

Milwaukee & Wauwatosa Motor Railway Co., operating between
Milwaukee and the town of Wauwatosa.
North Greenfield & Waukesha Electric Railway Co., Waukesha Beach
Electric Railway Co., Waukesha Electric Railway Co., operating between Milwaukee, Waukesha and Waukesha Beach.
Milwaukee Racine & Kenosha Electric Ry. Co., operating between
Milwaukee, Racine and Kenosha.
Belle City Electric Railway Co., operating in Racine and connecting
with the Milwaukee Racine & Kenosha line.
Total mileage, 102 69 miles.
also owns the electric-light plant of the Badger Electric
Co. of Racine, the electric lighting plant formerly belonging to the Belle
City Electric Railway Co. and the Racine Gas Light Co
Date.
Maturity.
Stock
Interest. Outstanding.
Bonds—

The company

&
Common

stock.)

a,*™

nnft

$500,000
$500,000
.\
Rao. Gas L. 1st M., ) 1900 5 g. J-J
Jan. 2, 1930
700,000
$1.000,u0o g. $1,000 $ Milwaukee Trust Co., trustee.
a
May 1, 1929
3,223,000
1st M g gu $5 000- 1 1899 5 «• M. - N.
g
000 ($!;o o6) goYdc* i Cit y Tru8t Co., N. Y., trustee.
Interest on Milw. Lt. & Trao. bonds is payable at company's office,
30 Broad St., N. Y. These bonds may be called at 110 on any interest
date. They are guaranteed, principal and interest, by the Milwaukee
Electrio Railway & Light ( ompanv; in consideration for vhich the
latter receives the surplus income of the Traction Company; $1,777,000 are reserved for acquisitions and imx>rovemeuts.

U

<

*

Trust Co., N. Y.
at Farmers' (joan
Stock— In May, 1902, stockholders were given the right to take
at par $1,501,000 additional stock, payable in instalments, the last
Dec. 1, 1902.
74, p. 1039.
Dividends—All dividends on preferred to and including Jan. 2, 1905
(1% per cent), have been paid. First dividend of 1 per cent was paid
on the common stock in August, 1899; in 1900, 3 per cent; in 1901,
3^ per cent; in 1902, Feb., 2 p. c; changed to quarterly and 1*4% paid
May. 1902; Aug.,1^4 p.c; Nov., 114%; in 1903, 5%.; in 1904, 5%; in
1905. Feb., 1^%.
Bonds.—The Minneapolis Street Railway Co. jointly and severally
with the Minneapolis Lyndale & Minnetonka Railway Co. issued
$5,000,000 5 per cent 30-year first mortgage and first consolidated
mortgage gold bonds, of which $790,000 are held in trust by the Farmers' Loan <te Trust Company to redeem the $790,000 prior lien bonds. See
statement to N. Y. Stock Exchange in June, 1895. The consols are
also listed in London.— V. 60, p. 1149.
The St. Paul City Railway Company has issued $4,388,000 5 per cent
50-year cable consolidated bonds (including $680,000 held by the
Farmers' Loan & Trust Company, trustee, to redeem the $680,000 prior
lien bonds above); limit fixed by this mortgage was $5,500,000, but by
the joint consol. mtge. of 1903 no further underlying bonds can be
put out. V. 77, p. 22M. Part of these cable consols ($1,138,000 at
latest date) are guaranteed, principal and interest, by endorsement
of Twin City R. T. Co. See statement to N. Y Stock Exchange in June,
1895. V. 60, p, 1150. Of the first cons. mort. of the St. Paul City,
$234,000 were held Jan., 1902, by the Farmers' Loan &, Trust Co., to
be exchanged for the $224,000 first mortgage bonds.
The Minn St. Ry. & St Paul Ouy Ity consol. mortgage of 1903 is a
loint issue of the Minneapolis St. Ry. and the St. Paul City Ry. $3,500,000 were to reimburse Twin City Rap. Trans. Co. in part for expenditures made for additions to roads, pi ants and equipment. $1,000,000 is reserved to retire the joint gen. mort. of 1901, which the
new mort. bind* the company to pay at maturity. Rest reserved for
new construction, additions and improvements at 90 p. 0. of cost.
Guaranteed as to principal aid interest by Twin City Ran. Tr. 00.
(See V. 77, p. 2281 and 2340). No underlying bonds can be extended,
but must be pai<l off at maturity.
ROAD— Consists of 264*61 miles of standard-gauge road, inoluding two

V

interurban lines connecting the business centres of Minneapolis and
St. Paul, and an interurban line of '/.2 miles connecting St. Paul and
Stillwater. Several extensions are proposed, among them being a
third line between Minneapolis and St. Paul.
On the principal streets of the cities 80-lb. T rail with welded joints
and imbedded in concrete was used.
For decision as to right to build new lines in St Paul, see V. 79, p.
271, 2087.

The company

leases water power at St. Anthony's Falls (capacwhich power is now used In conjunction with power
generated at uew steam power piaut to run the entire railway system

ity 10,000 h. p.),

in both cities.

See V. 64,

p.

704.

:

1

STREET RAILWAYS.

792

Annual Report— Fiscal year ends Deo. 31. Report for 1903 was in
V. 78, p. 699, showing resuJts on the entire property as follows
1902.
1903.
1904.
Receipts from passengers
Receipts from other sources

$4,269,408 $4,042,229
21,709
38,672

Total receipts

$3,591,548
20,662

$4,308,080 $4,063,938 $3,612,210
$1,950,303 $1,674,251 $1,471,358
20,o66
41,104
48,000
165,001
162,695
138,445

Operating expenses
Insurance
Injuries

and damages

Total operating

$2,163,304

$1,878,050

$1,630,169

Net earnings

$2,144,776 $2,185,888 $1,982,041
$731,041
$711,718
$906,195
Dividends on 7 p. o. pref. stock....
210,000
210,000
210,000
Dividends on common
(5%)825,55O(5%)825,550(5%)769,262
Interest and taxes

Total
$1,941,745 $1,766,591 $1,690,980
Balance, surplus
$203,031
$419,297
$291,061
OFFICERS— President, Thomas Lowry Vice-President, Secretary and
Treas., C. G. Goodrich; Auditor, E. S. Pattee; General Manager, W. J.
meld.—V. 78, p. 49, 584, 699; V. 79, p 271, 2087, '/643; V. 80, p. 652.
;

MOBILE, ALA.

MOBILE LIGHT &

RAILROAD-Trolley.

Organization— A consolidation on Sept. 1, 1901, of the Mobile Light
& RR. and the Mobile Street RR.; the franchises of both companies
were extended on Sept. 12, 1901, to March 12, 1955. See V. 73,p. 616.
Date. Interest. Outstanding. Maturity.
STOCK & BONDS—
Stock, $2,250,000, par $100..
1st mortgage, gold ($1,000)
St.

<

RR. 1st mortgage,

....._.. ^.$2,250,000

.......

'

"

Mobile

J

'

{
<

1897 5g. J-D
400,000 June 1, 1937
Int. at Farm. Loan
Trust Co., N. Y.
1893 6g.
$300,000 May 1, 1923
Farmers' Loan
Trust. N. Y., Trustee.

M-N

&

gold, $350,000
c* \
&
Interest at Nat. City Bank, New York
Consolidated mortgage, gold J 1901 5g. M-8 1,000,000 Sept 1, 1941
($1,000), $2,250,000
o* ilnt. at N.Y. Sec.& Tr. Co., N. Y.,Trustee.
Bonds-Ot the $2,250,000 mortgage, $700,000 is for prior liens.
Latest Gross EftRNtNGS-For 12 months ending Dec. 31, 1904,
$427,008; in 1903, $352,867.
Road, Etc.— Owns 42 miles of track in Mobile and extensions to
Spring Hill, Whistler and Monroe Park. Company also owns " Monroe Park " and water power and 320 acres of land; also electric light
plant of capacity of 20,000 incandescent lamps and 130 aro lamps,
with power circuit and power house.
OFFICERS— Pres. andMgr., J. H. Wilson; Sec. and Treas., C. W. Chase.
-V. 61, p. 282 V. 72, p. 989, 1080; V. 73, p. 236, 287, 554, 616.
;

srolley road.
consolidation, Aug. 1, 1894. Has a perpetual but
not exclusive franchise.
In 1901 purchased the West End Street
Ry. and also acquired the Montgomery Suburban St. Ry.
STOCK, Bonds, ETC. Miles. Date. Interest. Outstand'g
Maturity.
Stock, $350,000
$350,000
1st mortgage for 5 14-25
1893 6g. F-A
300,000
1923
$350,000, gold.. I Interest at Farmers' L. & T. Co., N. Y., Trustee.
Bonds—The bonds unissued may be sold at the company's discretion.
Road— Owns 20 miles of trolley road, including the West End road.
OFFICERS.— Pres., Richard Tillis; Treas., G. W. Craik; Sec. & Cash.,
J. T. Darling; Gen'l Manager, Wm. J. Ginniven.— V. 77, p.2390.

trolley road.

Organization— Incorporated in Alabama.
Date. Interest. Outslind'ct.
STOCK & BONDS—

Maturity.
Stock, "1,000,000 ($100)...
$443,000
1st mtge.. $350,000, gold, > 1903 5ej. A. O.
318.000 Apr. 1, 1953
($1,000)
c* (Int. at North Am. Tr. Co., N. Y.. Trustee.
Bonds—Are subject to call on and after April 1, 1913 at 110 and int.
Road— Operates 8-33 miles of track in Montgomery and to Pickett
Springs Standard gauge; 70 lb. T and 95-lb. girder rail.
OFFICERS— Pres., Roger H. Williams; Vice-Pres Ront. E. Steiner;
Sec. & Treas., R. B. Mar hant; Asst. Treas.
Gen. Mgr., E E. Winters.— V. 75, p. 240, 552.
_

&

.

RY--A trolley road.

18, 1861. Franchises expire in
In March, 1899. authority was received from the Dominion
Parliament to increase the stock to $10,000,000 from time to time. In
March, 1900, shareholders authorized the issue of $1 ,000,000 of the new
stock for betterments, new cars, etc. Shareholders were allowed to take
the stock at par. In Sept., 1903, a further addition was made, this stock
also going to stockholders at par.
On June 20, 1901, purchased
the Montreal Park & Island Ry. of 40 miles for $1,100,000. The
purchase includes $967,000 bonds, 3,150 shares of pref. stock and
4,289 shares of com. stock; of the com. stock, $58,000 is still outstanding. The purchase price was met by an issue of new debenture bonds,
as shown below.

bate.

Organization— Incorporated in Indiana In July, 1901. Commenced
operations Feb., 1903. Operates over private right of way between
cities and towns. Franchises run for 35 and 50 years from 1902.
Dale.
Interest.
Outstand'g
Maturity.
STOCK
Bonds—
Stock, $1,000,000 ($100)...
$1,000,000 Jan.10. '05, *'%
1st mortge., $1,000,000, ) 1904 5 g. J.-J.
950.000 July 1. 1930
gold ($1,000)
c* $ Int. at Guard. Sav.& Tr.Co., Cleve., Trustee.
Bond*—No sinking fund, but can be oalled after 20 years at par.
Dividends— The first dividend— % p. c was paid Jan. 10, 1905.

&

—

EARNINGS— For calendar
1904
1903

Outstanding. Maturity.
$6,600,000 '03-4 10%
( 1888
5M-S
292,000 Mar.1,'08
J Int. at Bank of Montreal, London. Eng.
( 1893
4ifi F-A
$681,333 Aug.1,'22
by trust deed
<Int. at Bank of Montreal, London, Eng.
New deb., $1,500,000, goldj 1902 4»2p.M-N $1,500,000 Nov.1,'22
($100, $500 and $1,000). o* I Dat. at Bank of Montreal, Montreal.
Under trust deed of Aug. 10, 1893, the debenture 5s and the 4^s of
1888 are of equal rank.

REPORT—Report for year ending

Sept. 30, 1904, in V. 79, p. 2202.
Contingent
Balance,
Sept. 30—
Gross.
*Net.
Account.
Dividends.
Surplus.
1904
$2,4(53,825 $713,342 t$70,000 (10) $642,520
$822
1903
2,222,788
684,908
(75,000
(10) 600,000
9,908
1902
2,046.208
700,966 tlOO.OOO
(10)600,000
966
" After charges.
ITliis Includes a contribution of $20,000 In 1904,
$25,000 in 1903 and $100,000 in 1902 to the fire Insurance fund.
Latest Earnings— Oct. l to Dec. 31:
Gross.
Net.
Charges.
Surplus.

Tear end.

$56,293
52,367

$179,515
177,71

-

Officers— Pres., Hon. L. J. Forget; Vice-Pres., K. W. Blackwell
Managing Director, W. G. Ross; Sec, Patrick Dubee; Manager, D.
McDonald.-V. 77, p. 2034; V. 79, p. 2202.

MOUNT HOLLY,

N.

J.

Net.

$97,366
60,347

ROAD—Operates 44* 5 miles of track from Muncie to Bluffton, Dass"
lng through Eaton, Hartford City, Keystone and Poneto. Standard
gauge; 70 lb. T rail between cities; in Muncie 98-lb. girder and in
Bluffton 95-lb. girder rails. Owns power-house and park of 37 acres
at Eaton, 12 double- truck interurban cars.
OFFICERS— President, S. M. Hexter, Cleveland; Vlce-Pres., A. L.
Johnson, Muncie; Sec'y, F. M. Osborne, Cleveland: Asst. Sec, A. Lewenthal, Cleveland;. Treas., J. C. Gllohrist, Cleveland; Man., Louis
Hexter, Cleveland;" Supt., Louis Schleslnger, Eaton.— V. 77, tp. 1534;
V. 79, p. 2643, 2796.
l

^^^
MUSCATINE, IOWA.
LIGHT

CITIZENS' RY. &

CO-TroUey and light.

Organization— Incorporated in Iowa

in 1902 as successor to the
Muscatine Eleo. Ry. Owns all the street railway, gas and electric
properties in the city. In Mar. ,'04, granted new franchise for 25 years.

&

BONDS—

Date.

Maturity.

Outstand'g.

Interest.

$600,000
Apr. 1, 1917
1902 5g. A-O
400,000
1st mort., $400,000, gold.
Int. at Cleveland Trust Co., Cleveland,
c*&r:
($500)
Trustee, or at Nat. Bk. of Commerce, N. Y.
Bonds.—Are subject to call at 110 and interest on any interest date.
A sinking fund, commencing In 1907, consists of a sum sufficient to
retire $B5,000 bonds yearly at 105 and interest.
Annual Report— For calendar year 1904 gross, $112,130; net, after
taxes, &c. $41,484. In 1903, gross, $105,384; net, $35,856.
ROAD—Operates 8 miles of track. Standard gauge.
Officers— President, William Musser, Iowa City; Vice-President, J.
R. Swearengen, Muscatine, la.; Sec. and Treas., H. W. Huttig, Muscatine, la.— V. 74, p. 1354.

MUSKEGON, MICH.

MUSKEGON TRACTION & LIGHTING CO.
Incorporated
Michigan on March
and

in
1, 1901.
Is
Organization—
a consolidation of the street railway, electric light and gas companies
city. Has ten-year contract from 1901 for city street light.
of the
Date. Interest. Outstund'g. Maturity.
BONDS—
STOCK

&

Stock, $600,000 ($100)
Preferred, $100,000,6% cum.
First mnrte-ajre
goia (*i ,ooo>

™LTiS'

Bonds - May be
Dividends— On

*ROO OOO
$600,000,

$600,000
100,000
Se> Uxt.
1901 5 &• M S
600,000 Mar. 1, 1931
Intere8t at Wyoming Valley Trust Co.,
6

..

"

)

(

Wilkesbarre, Pa. Trustee.
called after ten years at 105.
preferred stock, in 1902, 6 p. c; in 1903, 6 p. c; in
^

,

p. c.

BURLINGTON COUNTY RAILWAY COTrolley.

end. Dec.

Total....

taxes, ins.

Net.

$48,584
16,570
24,067
10,667

$24,898
13,333
15,043
def.2,718

..$150,444

Gas
Lake Michigan Park

Gross.

$73,482
29,904
39,110
7,948

?/, 1004.

Street railway
Electric light

$99,888

$50,556

ROAD.— Owns 15 miles of road and serves as a terminal for the Grand
Rapids Grand Haven & Muskegon Ry., which operates 40 miles of track
between points indicated in the title.
Officers.— Pres., F. A. Nims, Muskegon; Vice-Pres.. Liddon Flick
Wilkesbarre, Pa.; Sec, Theo. S. Barber, Wilkesbarre; Treas., David D
Erwln, Muskegon; Manager, S. A. Freshney, Muskegon.— V. 76, p. 543

NASHVILLE, TENN.

Quar.

$638,114
$235,808
585,428
230,078
ROAD—Operates 117 46 miles of track.

Other exp.di taxes.
$&3,835
54,962

$181,201
115,399

Interest.

1904
1903

years:
Gross.

Oper. exp„

Organization— Chartered May

STOCK AND BONDS—

MUNCIE, IND.
MUNCIE road.
HARTFORD & FORT WAYNE
RY.-A trolley

REPORT— tomos.

1922.

Stock, $10,000,000; par $50
Sterling debentures, secured
by trust deed
Sterling debentures, seoured

MS

1904, 6

MONTREAL, CANADA.
MONTREAL
STREET

&

Stock, $600,000...

Organization— a

MONTGOMERY TRACTION CO -A

Organization —Is a consolidation in August, 1904, of the Burlington County Traction Co ., the Mount Holly Street Ry. anl the People's
Traction Co
V. 79. p. 785. All outstanding bonds ot the constituent
companies were taken up with the new bond issue.
Date.
Interest. Outstanding.
Maturity.
STOCK
BONDS.—
Stock, $550,000 ($100)
5
.....
$484,790
1st mtge., $^50,000, gold ) 1901
5g.
475,000
Sept. 1, 1934
(*500 & $1,000) .._.o* \ Int. at Mt. Holly 8. D. & Trust Co., Jrus.
Bond i.— «75.000, reserved for extensions. Bonds are not subject to
call. V. 74, p. 1307.
Road.- About 18 miles of track.
Officers.— Pres't, J. K. Bougher, Phila.; Vioe-Pres., I. A. Swetsard,
Phlla.; Seo'y, John S. Gilbert, Hamesport, N. J.; Treas., Wm. Kuemmerle Jr., Phila.— V. 74, p. 1138; V. 79, p. 785, 2146.

STOCK

MONTGOMERY, ALA.
MONTGOMERY STREET RY.-A

[Vol. lxxx.

NASHVILLE RY. & LIGHT CO--A trolley system.
in Tennessee. Is a reorganization on
26, 1903, of the Nashville Railway Co., sold under forclosure of
the latter's 1st consol. mortgage. The Nashville Ry. was a consoli-

Organization— Incorporated

June

dation In 1900 of the Nashville Street Railway, the Nashville &. Suburban and the Citizens' Rapid Transit. All the stock of the Cumberland
Electrio Light & Power was owned and in July, 1903, this Company
was merged. Also controls the Union Light <fe Power Co. Includes
Franchises perpetual.
all the street railways in Nashville.
Date.
Interest.
Outstand'g. Maturity.
BONDS—
STOCK
Common, $4,000,000
$3 50<>,000
1,995,500 Jan.'0i,2's 'o
Pref., 5% cum., $2.500.000
6g. J-J
60,000 J ulyl,191o
Citizens' Rapid Transit 1st 5 1890
M., $100,000, gold.
I Int. at Trust Co. of Nor. Am., Philadelphia.
1926
MoG.&Mt.V.Sum'rSt.lstM. 1886
6 J-J
$65,000

&

(

Do 2d series
Do 3d series

1887
...1887-8

6 J6 J -J

485.000
100,000

1937
1917-18

Nashville & Edgefield—
18S9
6 J274,000 Jan.l, 1920
Consol. roort., $400,000..
6 g. M-S
54,000 Sept.l, 1924
P.
o., 1st M., > 1894
Union L.
s.f., $100.000. g.($l,000)c* $ Amer. Loan & Trust Co., Boston, Trustee.
Nashville St. Ry. consol. M. ) 1Rqc sg,J _ T
qr>7 OOO jan.i.isf^o
T J
ly9D 907,000 Ian 1 1925
$2,000,000, gold $1,000. \
2.707,000 Julyl.1953
Nash. Ry.
L't consol. M., ( 1903 5 g. J-J
$6,000,000, gold ($1,000), ^ Int. at Guaranty Tr. Co., N. Y,, Trustee,
0* (
and at New Orleans.
sinking fund

&

-

&

.

1892
$387,000
6J-J
Cumb. El. L. & P. Mtge
Bonds— Of the $6,000,000 Issue, $2,333,000 are reserved
Hens and the remainder for future requirements at 80

1922

for prior
p. o. of cost.

STREET RAILWAYS.

Feb., 1905.J

Are subject to call after live years at 107^2. sinking fund, $30,000
per annum, commences July 1, 914, but only if company lias a surplus
above chargesiand div. on preferred stock; bonds to be kept alive in
sinking fund. There is a sinking fund for the Union Light & Power
bonds of $3,000 per annum and bonds must be oalled at not exceeding
par and int. for this purpose. $5,000 is payable annually into a sinking fund on the Cumberland Elec Lt. & Power bonds, to be invested
jn the bonds at not exceeding 104 and interest.
Dividends —The first dividend on pref. stock 2^ p. o.— was paid
>

Jan.

1,

1905.

Road— Operates about 70

miles of track.

Has been changed from

Extensions planned.
Earnings— Year ending Dec. 31, 1904: Gross, $1,010,081.

broad to standard guage.

In 1903,

gross, $871,962; in 1902, gross, $785,608.
OFFICERS— Pres. and Mgr.Percv Warner; Vice -Pres., J. H. Fall; Sec.
Treas., N. P.Yeatman.— V. 79, p. 152, 1266. 2643. 2796.

&

NATCHEZ,

MISS.

SOUTHERN LIGHT & TRACTION
railway, gas and

CO.-Street

electric.

Is controlled by Southern Electric Securities Co. and $340,000 of
the stock and $266,000 of the bonds are pledged under the mortgage
of that company.- V. 79, p. 104.
Organization— Incorporated in Louisiana in 1903, and is a consoliPower Co., the Natchez
dation ot the Natchez Electric Street Ry.
Transit Co. and the Natchez Gas Light Co. Gas franLight, Power
chise perpetual; street railway and electric lighting franchises expire
in 1949. Does the entire street railway, gas, electric lighting and
power business of Natchez. Has contract with city for street lighting.
Outstanding.
Maturity.
Date.
Interest.
BONDS.—
STOCK
....
$456,700
....
Stock, $500,000, $100
340,000
Apr. 15, '33
1903
5 g. A-Ois
1st Mtge. $500,000
Int at Inter-State Tr. Bkj?. Co., New Orleans,
u
gold ($1,000)
Sty Trustee, or at First Nat. Bank, New York.
^
Bonds— $160,000 are reserved for betterments and extensions. Are
subject to call on or after April 15, 1906, at 105 and interest. See V.
76, p. 1086.
Earnings -For 12 months ending Feb. 28, 1903 (Gas Light Co. not
Included) Gross, $81,614; net, after taxes, $25,920.
Road— Operates about 7 miles of track.
OFFICERS— Pres., S. 8 Bullis; Vice Pres., Sol Wexler, New Orleans;
Secretary, W. B. Spencer.— V. 76, p 1086; V.79, p. 104.

&

&

&

&

I

:

NAZARETH, PA.
SLATE BELT ELECTRIC ST. RY.- A trolley road.
Pennsylvania on Feb. 14, 1899Was formerly leased to the Lehigh Valley Traction Co. but lease canceled on May 10, 1904, owing to default in payment of rental.

Organization— Incorporated

in

&

Date.
Interest.
Outstand'g.
Maturity.
BONDS STOCK
$360,0^0
Stock. $360,000 ($50).....
5 «. J-D
3e0,000
1929
1st mtge. $360,000, gold) 1898
c&r $ Int. at Lehigh Val.Tr &S.D.Co.,AUent..Trust.
($1,000)
Bonds— Are guaranteed, principal and interest, by Lehigh Valley
Traction Co. Are subjeot to call after 5 years at 105.
ROAD— 18 miles of track from Nazareth to Bangor. 67-lb. rail.
OFFICERS— President, G. A. Schneebeli; Secretary, R. B. Keys; Treasurer, C. A. Wolle; Manager, Geo. H. Wolle.

NEGAUNEE, MICH.

MARQUETTE
TRACTION CO. COUNTY GAS LIGHT &
Incorporated in

1

904 as a consolidation of the Negaunee

& Ishpem-

Ky & Electric Co. and the Negaunee Gas Light Co. Stock,
$300,000 common and $100,000 preferred.
Road — Owns 4*2 miles of track and an electric-lighting plant; also

ing

St.

gas plantain Negaunee and Ishpeming.
OFFICERS— Pres., T. A. Rockwell, Chicago; Vice-Pres., F. Braastad,
Ishpeming; Sec. & Treas.. A. B. Miner, Ishpeming.— V. 77, p. 350; V
79, p. 2796.

NETHERLANDS (HOLLAND).
NETHERLANDS TRAMWAYS CORPORAroad.
TION.— An
electric

Organization— Incorporated in Connecticut on December

11, 1902.

Owns the entire issue of capital stock (600,000 guilders), of the Eerste
Nederlandsche Electrische Tram Maatschappy (First NetherlandTram
Company), which owns all of the street railways in the city of Haarlem, Holland, with the exception of 2 miles of horse railroad, and a
line to Zandvoort, on the North Sea, the second largest Dutch seaside
resort.

The Netherlands Tramways Corporation also owns the entire capital
Spoorweg Maatschappy, which has recently
completed and is now operating under concessions from the Government of the Netherlands a double-track electric railroad from the center of Amsterdam to Haarlem, a distance of about 12 miles, thus completing a through line from Amsterdam to Zandvoort.
The bond
issue of this company, 3,000,000 guilders, 4% ($1,200,000). was all
placed and is owned in Holland. Its stock was subscribed for at par
by the Netherlands Tramways Corporation, the present owner of the
stook, and the cost of the real estate, franchises and construction of
double-track road from Haarlem to Amsterdam has been defrayed
partly by the sale of the company's bonds above mentioned and partly
stock of the Electrische

by sale of

stock to the Netherlands

Its

Dale.
STOCK & BONDS—
Common, $2,001 ,000 ($100)

Tramways

Interest,

p c, cum., $1,500,000 ($100)
.$

Pref, 5

Elec. Spoor.

Corporation.
Outstanding.
Maturity
$2,000,000
1,500,000
;

<

NEW ALBANY7 IND.
UNITED GAS & ELECTRIC COOrganization— Incorporated
Street Ry..

New Albany and 50 years

from 1902.

Guarantees the
Ry. Co.
Dale.
Interest.
Outstanding.
Maturity.
Bonds—
Stock
$1,000,000
Stook, $1,000,000, $100
!9 02 5 g. J-J.
0,000
See text.
75
i
T* \ Interest at American Trust & Savings B'k,
c
goia (*i,uuu)
Tru8tee( and at Ellot Nat> B . kf Boston.
^ Chl0
fee text.
5 e. J-J.
None.
1st cons, mtge., $1,500, ) 19C4
000, gold ($500 andS Int. at Amer. Trust & Hav. Bank, Chicago,
c* ) Trustee, or at Eliot Nat Bank, Boston.
$1,000)
Bonds— $750,000 new consols are reserved to retire a like amount
of first 5s. Both issues mature serially from 1907 to 1942, but the
bonds of 1902 may be called after July 1, 1912, at 105 and interest;
the new consols after July 1, U>24, at 105 and interest. See V. 79, p.
2458.
OFFICERS— President, Samuel Insull, Chicago; Vice-Pres. and Treas.,
R. W. Waite; Sec, J. D. English; 8upt.. J. W. Dunbar. V 74, p. 1246;
V. 75, p. 347, 1401; V. 77, p. 351, 2340; V. 79, p. 1643, 2458.
in Jeffersonville

$250,000 1st mtge. bonds of

&
t„^ M ™^nfinn(

.

New Albany

St.

.

2.*i%n

(

I

)

LOUISVILLE & SOUTHERN INDIANA TRACTION CO.

in 1903, and is successor
Indiana Interurban Ry. Co. Leases the New Albany Street
Ry Co. for 25 years from Aug. 1, 1903, (with privilege of renewal for
25 years) at a yearly rental of $500, the interest charges and taxes and
dividends of 4 p. c. on pref. stook. V. 77, p. 769. In Sept., 1904, acquired the Highland RR. for $10,000 in bonds; V. 79, p. 1643. Is
controlled by rhe United Gas & Electric Co., which see above. The
Trowbridge & Niver Co., Chicago, is interested. Franchises owned are
for 50 years also permitted to carry freight.

ORGANIZATION —Incorporated in Indiana

to the So.

;

STOCK & BONDS—
Common, *2,0< 0,000

Date.

Outstand'g

Interest.

Pref. 6% cum., $1,000,000
($10)

Maturity.

$2,01)0,000

($10)

150,000
6' 0,000 Sept. 15, '23
5g. MSift
1st mortgage, $1,000,000, Int.
at Amer. Trust & Sav. Bank, Chicago,
gold ($500 & $l,000).c*^ and U. S. Trust Co., Louisville, Trustees.
5F-A
25U.000
New Alb.St.Ry., $250,000,
1927
guar. p.& 1. '.....
? Int. at United States Tiust Co., Louisville.
Bonds.— No sinking fund, but bonds are subject to call after 10 years
at 105 and interest. The remaining $400,00-* of 1st mort. bonds can
only be issued for 75 p. o. of cost of further extensions and betterments. See V. 77, p. 769, 2339. The New Albany St. Ry. bonds are
subject to call on any interest date at 105 and are guaranteed by United
]

S

(

1903

Gas & Elect.
ROAD-— Operates 23 miles of track, Including 10^ miles leased from
New Albany St. Ry., and also line between New Albany and jeffersonville. An extension to Louisville is expected to be completed by June

1,1905; connections with other interurban lines connecting Cincinnati,
Indianapolis and Columbus are proposed. Has contract with "Big
Four" RR. for use of its bridge over Ohio River and with Louisville Ry.
Co., allowing its cars to enter Louisville. Will erect an interurban
terminal on Third St., Louisville. Girder rails, 90-lbe., T rails 75 and
77ifl-lbs.

OFFICERS.— President, Samuel Insi 11, Chicago; Vice-Pres. and Treas.,
R.

W. Waite; Secretary,

J. O.

Engllsh.-V. 78,

p.

2012.

NEW BEDFORD, MASS.
DARTMOUTH & WESTPORT STREET RY.An
electric road.

Organization, Etc.—Stock, $150,000; 1st mort., $150,000, dated
1895, gold, o* ($1,000 each), 5s A-O, issued $90,000, due April 1, 1915,
trustee, International Trust Co.. Boston, where interest is payable.
Dividends— 8 p.c. for several years.
ROAD —Connects cities of Fall River and New Bedford. Owns 9 84
miles of track and operates in all 19*97 miles of main track.
EARNINGS— Fiscal year ending Sept. 30, 1904, gross, $147,963; net.
-

$53,605; int.and taxes, $13,706; dividends, $12,000; surplus,$i7,899,
OFFICERS— Pres., H. H. Crapo of New Bedford; Vice-Pres., Thos. B.
Tripp; Treas., E. S. Wilde, New Bedford; Sec, Robt. S. Goff. Fall River.

NEW BEDFORD

trolley road.

& ONSET STREET RY.-A

ORGANIZATION— Incorporated in Massachusetts in 1901. This comis owned in the same interest as the Union Ry. Co.
Date. Interest. Outstand'g.
Maturity.
STOCK & BONDS

pany

Stock, $500,000, $100

-.

lstmorteae-e <B500 00t>
«*
\<£aMinm
goiu tjpj.,uw>
o

™v

'

(
i
(

$500,000
280 000 Jan.

..

1902

5g. J-J

1,

1922

In *- at International Tr. Co., Boston, Trustee.
No smking fQnd and not anbject to call.

Floating debt Sept. 30, 1904..
..$57,164
Road— Owns 21-85 miles of track on 16 miles of road between Fairhaven and Onset.
EARNINGS— For year ending Sept. 30, 1904, gross, $75,430; net,
$27,319; interest and taxes, $23,960; surplus, $3,359.
OFFICE RS-Pres., H. H. Crapo: Vice-Pres., Thos. B. Tripp; Sec, Clarence A. Cook; Treas., Elton S. Wilde; Man. E. E. totter.— V. 74, p. 327.

UNION STREET RAILWAY -A trolley road.
Organization— Incorporated March 18, 1887.
Date.
Interest. Outstand'g. Last div., etc.
STOCK & BONDS—

Stook,$9n0,000(par$100)
Q-F $900,000 Feb., '05, 2%
Cons. M. for $500,000, g.,< 1894
5gJ-J
400,000 Jan. 2, 1914
s. f., c*, not subj. to call \ Int. at Old Colony TrustCo., Boston, trustee.
Notes payable on Sept. 30, 1904
$119,191
Dividends— In. 1896-97, 10 per cent; in 1897-98, 6 p. c; 1898-99 to
'03-04, inolusive, 8 p.

o.

Road— Owns

30-46 miles of track.
Earnings— For years ending Sept. 30.
1904.
1903.
1903.
1904.
Gross earns. .$365,409 $3 67,949 Dividends paid.. $72, 000 $48,000
Net
126,959
107,496 Bal.,sur.,foryear 5,970
4,259
Int. .taxes, etc
48,989
55,237
Crapo Vice-Pres., Thos. B. Tripp; Sec,
Officers— Pres., H.
C. A. Cook; Treas., E. S. Wilde; Supt., E. E. Potter, all of New Bedford.— V. 63, p. 1061; V. 70, p. 947, 1050; V. 75, p. 1088.
.

Maatschappy

mtge., 3,000,000 gull. } 1903
4 J-J $ 3,000,000
Jan. 1, 1953
guilders
i
($1,200,000), 1,000 gull.)
Bonds— Bonds are subjeot to call after December, 1905, at par.
The Eerst Ned. Tram El. Maatschappy has an issue of 695,000 guilders
($278,000) bonds outstanding.
Road— Owns 68 miles in City of Haarlem; 1-8 miles, Haarlem to
Bjoemendaal and 6-6 miles double track, or 13-2 miles single track
from Haarlem to Zandvoort, 12 miles double track from Haarlem to
Amsterdam; total, 45-8 miles.
Officers— Pres., Henry J. Pierce, Buffalo; Vice-Pres., G. L. Bolssevain, New York; Secretary, W. Paxton Little, New York; Treasurer,
Edwin Henderson, New York; Fiscal Agents, Kean, Van Cortlandt &
Co., New York.— V. 76, p. 331.

New Albany

793

in

Indiana in 1902 and acquired the

New Albany

Gaslight

& Co fee Co., New

Al-

bany Light, Heat & Power Co., Jeffersonville Electric Light, Heating,
Gas * Coke Co. and Jefferson ville Light & Water Co.; also controls the
Louisville <te Southern Indiana Traction Co. Franchises, 45 years in

H

NEW HAVEN, CONN

CONSOLIDATED RAILWAY CO-A trolley road.
&

Is controlled by the New York New Haven
Hartford RR., which
all the stook.
Fair Haven &Westville RR. stockholders received
$50 in 50-year 3S> p c. debentures of the N.Y
II RR. for each
H.
share of stock held, par being $25. See V. 78, p. 9s9. $9,666,700 of
New Haven debentures were issued in this wav to acquire the *4,83 *,350 outstanding stock of the Fair Haven & Wostville RR., which,

owns

N

&

with other roads, was then consolidated under the name of the Consolidated Ry. Co., as below.
Organization—This company was formerly known as th* Worcester
& Conn. Eastern RR., but name whs chauge in May. 1904. Is a consolidation in 1902 of the People's Tramway Co. and the Danielson &
Norwich St. Ry.. and in 1904 of the Meriden Electric Ry.. the Fair
Haven & Westville RR. (whichhad previously absorbed the Winchester
•

Avenue

Ry.), the

New London

St.

Ry., the

Norwich

St.

Ky., the

Mont

a

STREET RAILWAYS.

794

Ry and the Middletown St. Ry. See V. 79. p. 268. Owns
the entire capital stock of the Worcester & Southbridge St. Ry. (a consolidation of the Southbridge & Sturbridge St. Rv. and the Worcester
Rochdale
Charlton Depot 8t. Ry.) and the Worcester & Blackstone
Valley St. Ry. In Jan., 1905, acquired the N Y. A Stamford Ry. and
the Greenw ich Tramway Co. (See V. 80, p. 118); also the Berkshire
St. Ry., giving the $l,0o0.0>0 consol. gold coupon bonds of the Consolidated Ry. shown in table bi-low, for the $l,OJO,000 stock of the
Berkshire St. Ry. See V. 80, p. 471.

&

Maturity.
Interest, Outstand'g.
Dale.
Stock
Bonds—
$10,000,000
Stock. #10.000,000.
000 Jul? 1, 195*
Debentures,
3.076
$5.000,000, ) 1904 4 g. J J
fcH. RR'soffice.N. Haven
($1,000)
o&r5 Int. at N.V.N.
Consol., gold, coupon ... .. 1905 See text.
1,00 >,000 Feb. 1, 1930
N. H. & Centerville 1st M., / , QQ ., - „
Sept. 1, 1933
283,000
L * Ja ° g M-S

gold.assum'd by F.F.& W.

Rr-

New Haven Street
lst mort., gold ($600,000)..
$500 and $1,000
1st purck'e M.$250,000

\

)
5

g.c.

>

1893 5

M -S

g.

Sept. 1, 1914

600,000

Am. L. & Tr. Co., Boston, Trustee.
J-D
250,000 June 1, 1914
1894 5
Int. at Am. L. & Tr. Co., Boston, Trustee.
Int. at

$1,000 not subj. to call... S
Winchester Ave., 1st mort.,) 1892

500.000 Nov. i, 1912
g. M-N
Boston Safe Dep. & Tr. Co., Boston.
West Shore Ry. It M., > 1894
30,000 July 1, 1914
5 J-J
$30,000, g., subl. to call. S Int.at Merchants' Nat. Bank, New Haven.
Wor.& Conn. 1st M., sf.,g., ) 1902 4Vg.JJ 1,992,000 Jan. 1, 1943
erold

5

c\fcrs Int. at

..

$3,100.00() ($1,000).

. .

.o*

]

Int'st at N. Y. Security

<te

Tr. Co., Trustee.

A-O

85,000 Oct. 1, 1911
$ Interest at Girard Trust Co. of Philadel'a.
5 S- J-J
$415,000 Jan. 1, 1924
( 1894
< rnterest at Girard Trust Co., Philadelphia
{ State Treasurer of Connecticut. Trustee.
New London Street Ry. 1st ) 1893 5 g. A-O
150.000 Oct. 1, 1923
M., $150,000, gold
..
5 Int. at Am Loan & Tr. Co., Boston.
Norwich Street Ry. 1st M., > 1893 5 g. A-O
350,000 Oct. 1, 1923
$350,000. gold, $1,000..-. S Int. at Am. Loan & Trust Co Boston.
Moptville Street Ry. 1st M., ( 1900 5 g. M-N
250,000 May 1, 1920
$350,000 ($1,000) gold I Interest at American Loan & Trust Co.,
(cannot be called)
c* ( Boston.
N. Y. & 8tam. 1st M.,$450„ ) 1301 5 g. A O
396,000 Oct. 1, 1931
000 ($1,000), gold
c- 5 Int. at N. Y. Sec. & Tr. Co., N. Y.. Trustee.
July 1,1931
320,000
Green Tram 1st mort'm ( lil01 5 g. J-J
S
Security <te Trust Co., N. Y.
$400 O0oT*l OOOiT o'
$400,000 ($1,000), g...c 1 lDt at N Y
state Treas. of Connecticut. Trustee.
£
Berkshire Street Ry. 1st (1902 5 s. J-D
800.000 June 1, 1922
mortgage, $800,000, gold < Girard Trust Co. Philadelphi a, Trustee.
($1,000)
c* ( Interest at N. W.Harris <fc Co., Boston.
Berkshire St. Ry. 2d mort., ^
«.
$200,000
Middletown Horse RR. lst £l894 5 J
Deo. 1.'14.
180,000
gold
1915
..
5 M- § |

Meriden Horse RR. 1st M.,
$100,000 ($1,000)
Meriden Horse RR 1st M
gom, *£>uo,ooo

2*™nnn

)

1891

5

'

.

.

-

-

.

($500)

.

.Bonds— The Consolidated Ry. debentures are not subject to call. See
V. 79, p. 2747. The consolidated gold coupou bonds bear 3 p. c. interest from i-'eb. 1, 1905, for first 5 years. 3^ p. c for next 5 years and
4 p. c. for following 15 ye ars; inr. payable Feb. and August. V. 80,
p. 471. The Winchester Ave. bonds are joint, obligations of the Winchester Ave. RR. Co. and the New Hav^n & West Haven and cover all
property owned or to be hereafter acquired tinier the charters. Of
the Worcester & Connecticut Eastern bonds, $1,050,000 are reserved
for extensions and improvements at 75 per cent of cost. A linking
fund on these bonds commences in 1908, when *10 per bond is payable
yearly. Bonds can not be called, but may be bought on 3% p. c. basis
or better,
and kept alive for sinking fund. See V. 75, p.
1204. Of the Montville Street Ry. first mortgage gold bonds,
the balance unissued can only be issued for 66 per eent of actual

improvements or additions to property. Original
mortgage of the Montville St. Ry. provided that bonds might be called
in 1905 at 105, but through a supplemental mortgage this redemption
certified cost of

was eliminated, so bonds are not now subject to call.
Earnings—The following figures include the operations of the Con-

clause

solidated Ry. (formerly the Wore.

&

Conn. Eastern), the People's
Tramway Co., the Putnam & Thompson St. Ry., the Daniel son & Norwich St Ry., the Winchester Ave. RR., the New Haven & West Haven
Horse RR., the Fair Haven & Westville RR., the New Haven St. Ry.,
the New Haven & Centerville Ry. and the Meriden Elec. Ry. Figures
are for year ending June 30, 1904:
Gross earnings
$1,542,415 Fixed charges
$366,586
Operating expenses....
952,413 Dividends*
193,594
I

|

Net earnings

$590,002

Surplus

$29,822

These dividends were paid on the outstanding stock of the Fair
& Westville RR. and the Winchester Ave. RR.
The figures gi^en oelow show operations of companies acquired,
since the close of the fiscal year 1904:
Worc.<k Wnrc.&tilacK Oreenw.
N.Y. & S
*

Haven

Southbr.
Val.st.lty.
Sept. :-0,'Qi. Sep:. ho.'uS.

Year tnding—

$

$
109,755

Gross earnings
Operating expenses

Tram. Co.
Ru.
June so 'ul.June 3

$

60,4f>6

64.699
40,669

122,527
85,933

49,299
51,668

26,200
10,398

24,030
19,052

36,594
19,600

15,802

„.

New Lon.
SI.

June

Ru.
3<\'04.

MUldlet'n
I. Ry.

June

3<i,'04.

Montvxllt

Rv.

St.

June

«0,'04.

$

$

77,281
f 0,021

48,783
39 588

102,869

Net earnings.
27,260
Fixed charges... 11,910
Dividends
10,000

4,978
Norwich
St.

. .

.

. .

t

This

and

$

Totali

:5,599

129,282
77,414

$
2,265,521
1,401.803

9,195
11,268

49,270
18,542
15,000

51,868
23,?U5
17,500

863,71*
53 2,739
236,094

5,350 .def.2,073

15,728

10,853

94,885

.

..

Rv.

16,794

lunfH0,'04.

$

Gross earnings.
Oper expenses

Road—3-75 miles
$25,000. Prest., Treas.
,

& Supt., A. M.

Capital stock, $25,000; bonds
Halliday: Gen. Mgr.,A.Roupuch.

NEW ORLEANS RAILWAYS CO.-Railway and

lighting system.

Default— The interest due Jan. 1, 1905, on the 4Vi p. c. bonds of
1902 was defaulted and upon application of the N. Y. Security &
Trust Co., President E. C. Foster and Pearl White were appointed
receiver-. See V. 80, p. 117. In Feb., 1905. $5<i0,000 6 p. c. receivers' certificates were issued to piovide for betterments and equip-

meu

.

—A

reorganisation plan has been pubmitted which
Reorganization
provides for a new company to issue $20,000,000 common stock,
$10,000,000 5% non-cum. preferred stock and $30,000,000 4- % gold
bonds. Holders of the 4^% bonds of 19^2 are offered $750 in new
bonds, $250 In new pref. stock and $22 50 in cash for each $1,000
bond held; $12,824,500 of the new bonds will be reserved to retire
underlying liers and $3,818,^50 for improvements, &c. Preferred
stock (par $lo<>), upon payment <> f an assessment of $20 per share,
wili receive $20 in new preferred and $ 100 in new common. Old common stock, upon paying $10 per share, will get $10 in new preferred
and $35 in new common. See V. hO, p. 651. It is proposed to acquire
the $2,021,200 stock of the New Orleans Gas Light Co., on which the
Railways Co. has an option
Organization— incorporated under New Jersey laws on Jan. 28,
1902, with $5,000,000 capital stock, and on April 1, 1902, took over
underlease (V 73. p. 1356,) the New Orleans City RR. Co. In May,
1902, capital stock was increased to $40,000,000 and a new
>rteage
for $40,000,000 created to provide for the acquisition and consolidation of the New Orleans City RR., New Orleans & Carrollton RR.
LUht & Power Co., Orleans RR.,St. Charles Street RK., New Orleans
Gas Light Co., New Orleans Lighting Co., Edison Electrio Co. and
Merchants' Electric Co., comprising all the street railway and lighting interests of New Orleans.
For terms of exchange see V 74,
p. 988, 1089, 1139. The St. Charles Street RR. was acquired on terms
eiven in V. 75, p. 290. Has also acquired the rights and franchises of
the N. O & Pontchartrain Rv. V. 75, p. 290.
The New Orleans Railways Co. owns 96 p. c. of the $7,490,500 common and preferred stock of the New Orleans City RR., the entire
$234,700 stock of the Orleans RR., the entire stock of the New Orleans
& Pontchartrain RR., 99 p.o. of the $7,100,000 preferred and common
stock of the New Orleans & Carrollton RR. Light
Power Co.,
98 p.c. of the $953,300 stock of the St. Charles Street RR., the entire
$2,000,000 stock and $1,«83,000 of the $2,000,000 outstanding 5 p. o.
bonds of the New Orleans Lighting Co., 39 p. c. of the $3,750,000 stock
of the New Orleans Gas Light Co., also has an option until March 1,
1925. on 54 p. o. additional. See V. 76, p. 1144.
City proposed to build a municipal lighting plant, but bids were rejected in Nov., 1903; contract tor 10 years from Sept. 30, 1905, later
( arrollton RR. Light * Power Co., one
awarded io the New Orleans
of the constituent companies of the New Orleans Railways Co.
Provision was made for sufficient securities to take up all the stock
of the constituent companies and all their bonds which can now be retired. Such of the bonds of the constituent companies as cannot be
retired at present appear in the table below.
Outstand'g.
Date.
Interest.
Maturity.
BONDS—
STOCK
Com., $30,000,000 ($100)
$27.58^,900
Pf.4%.,$10,000,000($100)
8,792,400
J.-J.
cum. from J 'ly 1, 1902
N. O. Rys.Co. mort., $40,-) 1902 4^ g. J.-J. 17.809,000 July 1, 1952
000,000 gold, 8. 1. ($100, Vint, at N. Y. Sec. & Trust, N. Y., Trustee;
o*&r> also at 4 New Orleans banks.
$500, $1,000)
4
1898
3,200,000
N O Citv e-en mortgage Int.at 4 p. 5 « 5 y'rs and 5 p July 1, 1943
g °
c. thereafter,
c. for
<bq o* » nAn goia.
S
$3,^50,ouo, o- irt
.
payable at Louisiana Nat. Bank, New Or.
^
"J
1893
5 J
2,837,500 Jan. 1,
New Orleans Citv* Take) Sub. to call£tor s.f. on & aft.July 1,'98 at1943
1 10
wnnnnnn I

m

&

&

&

m

Zmirnntn
^

'

<\

'

i^iri
n" Columbia Finance & ft\ Co.,Louisv. .Trustee.
goia,$Doo&.o
c j
Int payable at New Orleans Nat. Bank.
105.000 June 1, 1917
6gJ-J
N. O. Trac. Power.-house ) 1897
interest at Louisiana Nat. Bank.
1st M., g., s. f ($1,0>0) s
"
July 1,
1901
200,000
*J
(
N O Power-house mort \ Fidelity sTrustJCo.. Louisville, Trustee, 1143
™i/ Mnn Snn
goia, $,zoo,ooo
^ Int at Louisiana Na t. Bank, New Orleans.
95,000
1906
N. O. & Car.lst mortgage 1882 6F-A
Int. at Hibernia Bank & Tr. Co., N. O.
250,000
N. O. & Car. 2d M., gold. ...1893 6F-A
cioor
Int.at Hibernia Bank & Tr. Co., N. O. :
^qj
1,655.000
Feb., 1933
Do consol. M., $2,000,000) 1899 5 J- J
($500 and $1 000)
$ Interest at office of company.
la b
749 000
Ma ^ X 1946
° consol M i °$800 000 I 1896 6 * "N
Merest at New Orleans office.
S
& $1,000)
($500
5 J-J
2,500,000
Jan. 2, l.-*29
EdisonEleo. of N.O.lstM j 1899
($l,000)s.f.,$2, 500.000c* 5 Amer. Loan & Trust, Boston, trustee.
5 g. J-J
300,000
July 1,1929
Merch'ts Elec. Co. 1st M., > 1899
$500,000, gold ($500) o* 5 Merchants' Loan A Trust Co., Chioago.Trus.
1913
1883
5
J-J
76,000
New Orleans Gas L. Co
[$46,000 can be retired April. 1903, and $30,000 April, 1908.]
Interest? at the People's Bank, New >rleans.
19 1.
6 J-J
300,000
Orleans RR. mortgage, J 1895
c ( Int. at Commercial Nat. Bank, New Orleans.
$300,000, gold
100,000
19)2
6 J-J
,„„„,„„„. „- M
„} 1897
second inort.,goia....o j May be called at par after 10 ear8
y
S
a
S
Jan. 1. 1952
* 8- J-J
*™o ooo (» oom" < 1902
$000,000 lk} ,oou), 5 f t t p rovident B k & 375,000
Trust Co N ew Orleans,
gold, o
(
2.924.536
Floating debt Jan. 1.1905
Bonds— Of the New Orleans & Carrollton consol. bonds $445,0 are
reserved to retire a like amount of old 1st and 2d 6s. A sinking fund
of $30,000 per annum is provided for the. redemption of N. O. City&
Lake RR. bonds The Merchants' Electric Co. bonds are subject to
call at par at any time. A sinking fund of $U ,000 per annum is provided for redemption of Orleans RR. bonds. The St. Charles St, KR.
bonds are not subject to call, but a proportionate amount will be retired yearly bv purchase in open market.
Of the $40,000,000 mort. of the New Orleans Railways Co. $12,846,000 were reserved for prior liens and $7,154,000 for future extensions
and improvements. The stock and bonds acquired with the issue of the
new bonds were to be deposited as security for same. A .iinA- ng fund of
^ p. c. per annum of outstanding bonds commences July 1, 1909. and
runs for 20 years; thereafter, until maturity, i p. c. of outstanding
bonds. Said fund is to be used in purchasing the bonds at not exceeding 05 and interest.
Road—Companies controlled operate about 188 miles of track.
Farmings— Forcalendar year 1904, gross, $4,674,314; net, $2,175,'

'

i

.

M

'

'

.

Surplus
Year tndini—

67,910
41,710

def 2,369

Net earnings
Fixed charges
Divideudb

Surplus

*04

$

Vol. lxxx.

NEW ORLEANS, & GRETNALA.
ALGIERSwith animal power.
GOULDSBORO

vtlle St.

&

j

.

the total for latest fiscal year of all companies controlled
operated.
is

all lines in New Haven and suburbs, 11" -84 mil's;
roads in Meriden, Including line to Wallinglord, 21-70 miles, and
also the city lines in New London, 807 miles; a line be ween .Norwich and New Loudon, iO'6*i miles; city lines in Norwich, 17*>i5 miles;
a line from New Rochelle (where connection is made with Ne»v York
City Ry.) to Stamford, 33 miles; a line from Pittsfleld, Mass.. to Great
Barrington, Mass.. <vc. 42 miles; line from Worcester to Whitinsville,
1636 miles; c*ty lines In Middletown and Portland, 12 miles; line from
Worcester, Mass., to 8outhbridge, Mass., 20 miles; and a line from
Worcester, Mass., to Danielson, Conn., with branches, 52*91 miles.
Including other lines, toial track operated about 370 mi es.
Officios— President, C. S. Mellen; 1st Vice Pres E. H, McHenry;
2d Vice Pres., H. M. Koohersperger; Secretary, J. G. Parke*-; Treasurer,
A. S. May.-V.78, p. 1961, 2011,2384; V. 79, p. 268, 627, 13,1.14-1,
2455, 2587, 2774; V. 80, p. 117, 222, 472.

Road -Operates

all

,

.

)

821; fixed charges, $2,147,186. surplus, $28,635.
OFFICERS— Prest., Elwin C. Foster; Chairman of the Board. R. M.
Walmsley: 1st Vice-Prest., J. W. Castles; 2d Vice-Prest. Joseph H. De
Grange; Treas.. H. A. Ferrandou; Secy., Geo. Denegre.— V. 79, p. 1023,
2456, 2697, 2748; V. 80, p. 117, 163, 222, 473, 651.

A

SOUTHERN ELECTRIC SECURITIES CO-ioldiug company.
Organization.— Incorporated in New Jersey in Julv, 1903. In tabelow we give the nanips of the companies controlled and the

ol A

STREET RAILWAYS.

Feb.. L905.J

—

—

,

•.

&

.

.

In hands

Total

amounts of stocks and bonds of each outstanding, together with the
amounts acquired and pledged under the collateral trust mortgage of
the Southern Eleetrie Securities Co.
Capital Stock
^st Mort. Bonds.—
Issued.
Pledged.
Isstied.
Pledged.
Name of company
Beaumont (Tex.) Tract. Co .$600,000 $600,000 $500,000 $100,000
Southern Light & Tract. Co.,
34^,000 266,000
Natchez, Miss
456,700
340,000
15,000
15,000
60,000
Jennings (La.) El. L.
P. Co.
60,000
37-,( 00
500.000
305.000
32,000
VioksburgRy & Lt. Co
The stocks pledged are all in shares of $10i> each, except the Jennings Co which are $50.
Interest.
Outttand'g.
Date.
Maturity.
Bonds—
STOCK
Stook. $l,t<00,0O0 t $100
$1,000,000
$1,600,000) 1904
5<r. A-O
650,000 April 1, 1934
Coll. tr. M..
gold ($1,000) .....o'S Int. at Knickerbocker Trust Co., N. Y., Trus.
Bonds.— The $6-r>0,000 outstanding were issued in payment of the
securities given in table above, and remaining *950,000 are reserved
for aoquirmg additional stock and bonds. A sinking fund of 2 p. c. of
outstanding bonds commences on April 1, 1909. Bonds are subject to
call on anv Interest date at 105 and interest.
Vioe-Pres., S. S. Bullis, Natchez;
Officers— President,
Sec and Treas., Wallace B. Rogers.— V. 79, p. 104.

95

Stock June 30, H>04>

Westchester Electric RR..
Kingsbridse Ry. Co

*

$

Third Avenue RR..
500.000
Third Avenue RR..
*rt.80o
Third Avenue RR..
*991.40
Metropolitan St. Ry.
5 2.-00
Metropolitnn St. Rv.
50 ,0
Metropolitan St. Ry. l.hoO.OOO
Metropolitan St. Ry. +990,000
Metropolitan St. Ry +1,400,00
Metropolitan St. Ry. +300,000
Metropolitan St. Ry. +400,00o

500 000
8,600
99l,40i

Of piblK.

Of which held by-

issued.
*

Do subRcrip'n for balance
600.00')
Central Crosstown RR
1*00,000
Fulton Street RR
28th & '9th Sts. Crosstown. 1,500,0')
1,000,00')
84th Street Crosstown..
B'way & Seventh Ave. RR. 2,100.000
Cent. Park N. & E. Kiver. 1.8D0.0O0
748,000
42d St. & Grand St. Ferry.

I

97.200
10.000

7(0.000
00,030
348,000

l.r

,

&

;

NEW PHILADELPHIA,
TUSCARAWAS TRACTION-A
Date.

Interest.

$250,000

Maturity.
Jau.,1903, 3»%
Dec. 1, 1921

None
5
100.000
June 1, 1916
6 g. J-D
000, ($500>, gold.... I Int. at Cleveland Tr. Co., Cleve., O., Trustee.
May 1, 1910
100,000
5 M-N
Tus Flee co. 1st m... 5 1890
lus. *.iec. Co ist
^ Int# at g avl ngs & Trust Co., Cleveland, Trustee.
Stock and Bonds—Of the $350,000 new 1st mortgage, $200,000 are
reserved to take up prior liens when they mature.
Earnings For calendar year 1904, gross, $46,819; net, $13,963;
interest and taxes, $13,612; surplus, $351.
Dividends.— In 1902, 2 p. c; in 1903. Jan., 3»p. o. None since.
ROAD-— Owns and operates 14 miles of track from New Philadelphia
to Uhrichsville, Ohio, and from New Philadelphia to Canal Dover.
Officers-— President, P. L. Saltonstall, Boston; Treasurer, Chauncey
Eldridge, boston; Secretary, John C. Rice, Boston; General Manager,
Geo. W. Rounds, Canton.— V. 73. p. 1209. 1265; V. 74, p. 96.
1901
Tus.RR.lstM.,$100,-51896
.

M

NEW YORK CITY,
MANHATTAN RY.—

Y.

Incorporated under the Business Corporation Law of New York on
February 14, 1902, with a capital of $30,000,000. It holds the entire
outstanding stock of the New York City Ry., which in turn leases
the Metropolitan street Railway Co.
V. 74, p. 379. Also owns all
the stook of the People's Traction Co. and the New York Westchester
& Connecticut, and $3,379,200 of the stock of the Third Avenue RR.,
$4,500,800 additional being owned by the New York City Ry.
The powers of the company are very broad and allow

to acquire the securities of corporations of New York
State or any other State, "including corporations which own,
operate or lease, or which are organized for the purpose of constructing, owning, operating or leasing street surface railroads,
elevated railroads, rapid transit railroads, underground railroads,
tunnels, bridges, tunnel railroads, railway terminals, or railroads of
any character or description In the City of New York or its suburbs,
or in territory adjacent thereto, and corporations engaged in furnish
ing or organized to furnish electricity for any lawful purpose, or
power in any form, for use upon, or whioh may be used upon, street
railroads or other railroads," etc. Also "to purchase, acquire, hold
and dispose of the stocks, bonds and other evidences of indebtedness
of any corporation, domestic or foreign, and issue in exchange therefor its stock, bonds or other obligations " The duration of the oororation is to
thousand
need not
Solders unlessbe a by-laws ofyears. The directorsso require. be stockthe
the company shall
On June
10. 1903, second payment of $25 per share was made, making total
paid in $50. On July 30, 1903, Thos. F. Ryan and associates purobased
the stockhol lings of Kuhn, Loeb * Co. V. 77, p. 511. For call on
members of syndicate 10 deposit their certificates with the Morton
Trust Co., see V. 79, p. 10 3.
Date. Bate. Outstanding.
Last div.
Stock Authorized—
Stock,$30,i0 .000 (par $100)
... $?0 paid In
Vreeland; Vice- President. R. W. M«ade<
Officers— President.
Sec'y and Treas. Edward W. Sayre.
Directors— William H.Baldwin
Jr., Edward J. Berwind, Charles A. Tonant. Paul D Cravath.J«hsi D.
Crimmins, Thos. Dolan, Thos P. Fowler, Frank S. Gannon, George G.
Haven. James H. Hyde, Augustus O. Juilliard, John B. McDonald, P.
A. B. Widener, Thos. F. Ryan, H. H. Vreeland.— V. 76, p. 1301, 14t>7;
V. 77, p. 511, 824 -V. 79, p. 1023, 2697; V. 80, p. 711.

It

H H

.

NEW YORK CITY RAILWAY. on
company was
New York

J his
Incorporated In
Nov. 25, 1901, as
the Interurban Street Railway, with a capital of $500,000, but on Feb.
10, 1904, assumed name as above. V. 78, p. 48; V. 11, p. 1874. Directors need not be stockholders. Arrangement for financing the needs
of the Metropolitan Street Ry., under which the amount of the stock of
the Interurban was increased to $20,000,000, was made in Feb., 1902.
V. 74, p. 379. The Securities Co. owns all the stock and Is a!so to
acquire all future issues of stock or securities of the New York City Ry.
The Interurban Co. leased the Metropolitan Street Ry. for 999 years
from Feb. 14, 1902, for 7 per cent per annum on its stock. In a suit
brought by Isidor Wormser Jr., Justice Scott in the New York Supreme Court on June 22, 1903, declared the lease valid and dismissed
the charges of fraud. This decision was unanimously affirmed by the
Appellate Division on Nov. li, 1904. V. 79, p. 24;>6.
Dividends or
Date. Rate. Outstanding,
maturity.
STOCK AND BONDS—
Stock, authori'd $20,000,000)
»a. Q ,- Q ofxn
$8,459,^0(»

\

10-year notes, $15,000,000...
1902 3 A-O
660,000 April, 1912
* There was also due the Metropolitan Securities Co. on June 30,
1904, $4,540,800 stock under subscription and $5,016,000 of the 10year rotes.
Of the stocks and bonds of the various controlled companies, some
quite considerable amounts are owned by other companies in the
system. The following shows these holdings and by what companies
held:
SECURITY HOLDING8 OF NEW YORK CITY RY. AND ALLIED COMPANIES.
In hands
Total
Stock June 30, 1004.
issued.
Of which held by—
of public
$

$

£

4 500.800)
IN. Y. City Ry....
S1 .. mn
Third Avenue RR
S 1,6,8O °
15,695,800
MetroDoll'n Sec. Co 3,37>',20'>J
D. O. E. Broad'y & Battery. 1.200,000 Third Avenue RR
*l, 170,000
21,000
42(1 St.. Manh. * St. Nich.
2,6u0,000 Third Avenue RR.. *i.4«-,«0'i
80,200
Union Ry. Co
fc.OOO.oOO Third Aven vie RH.. 2.000.000
Tarryt. Mam. * White PI..
• loo.ooo
30<>,000 Third Avenue KH.
Southern Boulevard Ktt...
2=>0 Oi
*248..i"0
Third Avenne RK..
1.7O0
Yonkerg RR. Co
1.000,000 Third Avenue RR..
*n»a.coo
7,7 00
.

'

.

.

260,000
336,000

,

of public,

$

Metropolitan St. Ry. Bl.200. 000
160. 00
Metropolitan St. Ry.
150, 000
Metropolitan St. Ry
b743 oooi
Third Avenue RR. J »100 .000.5
I
100,'
000
Third Avenue RR..
Metropolitan St. Ry. +300, 000

St.

Do

100,000
100,000
186,000

i

Man. & St. N. 2d M.. 1,600,000
100,000
R. E. mortgage
MetroDorn Crosst'n RR. 5s 600,000
New York City Ry..
Broadway Surf ace RR. bds.
cCentral Crosst'n con. 4s.. 2,500,000 Central Crosstown..
1,500,000 Metropolitan St. Ry.
+Br'way & 7th Av. 1st
42d

.

757,000

sooVooo

2. 000

2,490 000
1.S00, 000

6,735.000

•

deposited under the Third Avenue RR. 1st consol. mtge. of 1900.
+ All Gepositeci under the Metropolitan 8t. Ry geaeral collateral trust mortgage of i-97 and the refunding mortgage of 19. 2.
a. These bonds matured Dec. 1. 190^, and were taken up with Metropolitan St.
Ry. relunding 4s, but are held as an asset by the Metropolitan St. Ry.
bOf this am iunt, $3^7,000 are deposited under the Third Avenue RR. 1st
consol. mortgage of 1900.
c These bonds are all deposited as collateral for the Central Crosstown RR.
2-year notes.
* All

following shows the aggregate of track operated June

Road— The

30, 1904:
Hiles of track—

Electric.

Manhattan Borough
Bronx and Westchester

Horse.

212-493
180*564

99-473

Co.....

.....

Total.*

311-966
180-564

492-530
393
7
99473
Total*
Includes mileage not operated and tracks in car barns, the latter
not having been heretofore reported.
Notk. -The company is still using 4,036 horses in its operation of
the lines in Manhattan Borough.
EQUIPMENT—The Interurban Co., now New York City Ry., to whioh
the "Metropolitan" is leased, reported its equipment as follows June
Box cars, motors, 1,462; others, 430; open cars, motors,
30, 1903
749; others, 176; combination oars, motors, 96; express cars, motors,
*

motor

freight

20;

METROPOLITAN SECURITIES COMPANY.

!

.

Of which h'.ld by—

:

N.

see Investors' Supplement.

par,$100.

Cent. P. N.&E. Riv.RR, la
28d Street Ry 1st 6s
44d St & Grand St. F'y 6s

M

Outstand'g.

In hands

issued.
$
1,200,000

Bor,ds.

Totalheld

Organization— Incorporated December, 1901, and Jan 1, 1902.
absorbed the Tuscarawas RR. and the Tuscarawas Electric Co. May
15, 1903, control acquired by Tuoker, Anthony & Co. of Boston.

STOCK AND BONDS—

2.4,162.400
Tota'-

OHIO.

trolley road.

Stook, $350,000 ($100)
1st M., g., $350,000

Total held

cars, 3; service

motor

cars, 25; others, 9;

snow-

plows, motors, 6; others, 13; sweepers, motors, 54; others, 23. Grand
total, motors, 2,415; other than motors 651.
REPORT.— Following are the figures of earnings separately given for
all of the roads in the system for the flsnal years ending June 30, 1904
and 1903. Further details and also balance sheet and other facts will
be found in V. 79, p. 901.
Oross

New York City)

earnings.

%

>

19^3-04
1902 03

)

(see x)..
Cent. Crosst'n
RR. (see x).
tty.

Set

eaninas.

19l'S

04

15,13 \60l
14,9. 5,370
X 409,349

1902-01

Fulton Street) 1903-04

485.200
171.668
184.155
503,817
193,760
32.179

1902-05

88,08rf

28th and 29th

>

190:S-04

{1002-03

Sts

34th

J

St.

Cross

town Ry

)
.

RR

5

i

1908-04
1902-03

Third Av.RR. )1903->»4 Xl,797.719
51902-08
(see x)
2,193,319
42dSt. Man. &) 1903-0*
St.N.Av. Ry. S 1902-03

Dry D. E. B. &
Battery HR. J
Klngsbridge)
)

Mam

vard RR.. {1902-03
Yonkers Rail- 1903-04
)

51902-03

Westcbes t e r > 1908-04
Elec RR...

J

796,621
505.287
66o;894

190M-04
1902-03

190M-04
Railway
51902-03
Union Ry. of ) 1903-04
New York... 5 190-S-03
Tarryt'n W.P. ) 1908-01
Ry. ) 1904-03
&
South. Boule- ) 1903-04

road

841 688

1902-08

Total sys-) 1903-04
tern
Jltf02-03

Other
income.

2

$
481.B62
297,99*
4,662
X139.237
176,13d
5,132
POO
68.096
500
85,452
28 '.058
2,425
195.943
1,360
350
292
def.
200
net 7,770
X817.618 613,340
1,028,726 762,339
7,169,013
7,*'06,942

262,058
820,788
102,113
125.295

97,674
87,001
6,846
6,098

70,462
22,868
51,441
16,982
1,293,495
301,414
1.135,051
814.729
91,509
861
72,745 def. 3,598
61,507
8,601
12,137
66,718
307,972
43,253
260,062
16,419
268,763 def .2 1,8 16
288.228 def.43,2d6
21,485.006
fcl,549,546

9,857,160
10,160,436

11,425
4,628

458
187

159
601
185
108.99H
673,410

Ba'ince

All

char

es.

sur. or def

$
8.933.278
8,458,645
107.581
113,844

def 1,282.873

sur.
sur.

ne^lS

88,397
87,650
69.945
69.822
21,361
21,668
1.444.210
1,746,538
397,199
422,146
151,343
138,515
89,053
1,721
257,629
294,919
29.426
17,349
18.280
18,382
91,869
64,062
8:\002
37,222

def.
def.

29,401
1,698

def.

248,709
67,42tJ

sur. 215.63S
sur. 127,471
def.
def.

sur.
sur.
def.
def.
def.
def.

21.303
13.698
16,748
44,526
47,567
r>4,35

4

,3

7

U2

7,12 4

66,185
sur. 15,261
sur. 6^,210
sur 24,808
¥8,107
def.
20,760
def.
9,779
def.
def.
6,245
48,467
def.
46,972
def.
def. 106,818
80,323
def.

def.

11,162,919 def.yl.39fi.771
11,005,984 def. '272,13d

x On April I, 1904, the earnings of the Crosstown RR. and in April, too, the
earnings of the Third Ave RR. were merged with those of tha New York City
Ry. Co. (Metropolitan St. Ry. lines) and ceased to be reported separately.
y Includes fSfl.ias accrued to Metropolitan Securities Co. for dividend upon
its holding of Third Ave. RR. stock.
(See below.)
Note —For the purpose of presenting the income account of the New York
City Railway System as a whole, the following changes have beea made by the
company in the "total " column, as compared with the aggregate of the cross
footings. These changes represent transactions between the different com
panies in the system. There have been eliminated (1) from "operating expenses
—transportation" and from "income from other sources -rent of equipment"
*18,o59; (2) from 'operating expenses— general" and from "income from other
sources-rent of tracks and terminals" *13i,o»0; (3) from "Income from other
sources -miscellaneous interest" $021,654, and from "deductions from income
—miscellaneous interest" $816,654. and "Interest on real estate mortgages"
*5,000; (4) from "income from other sources— interest and dividends on securities owned" and from the profit and loss, "debits— dividends" $37,710.
The Item of " all charges" for the New York City Ry., and also the
total system, includes the 7 p. c. dividend (K3, 639,792) on the stock of
the Metropolitan Street Ry., and after April 1, 1904, 5 p o. per annum
on the stock of the Third Avenue RR. The "charges" do not include
the franchise tax in litigation.

Passengers carried year
ending June 30. 1 9i; 4
.

Manhattan Borough ..
Bronx & Westchester Co
Total

Total.

389.608,537
42,866.633

Transfer.
168,267,8" 8
29,327,862

557,876,0.55

432,475,170

197,595,680

630,070,850

Fare.

72,1^4.495

Officers— President, H. H. Vreeland; Vice Preet*., F. S.Gannon
and D. B. Hasbrouck; Secretary and Treas'r, C. R. Warren; Auditor
D. C. Moorehead; Puroh. Agent, A. C. Tully; Gen. Manager, Oreu Root
Jr.-V. 78, p. 48, 288, 584, 7 69; V. 79, p. »U1, 968, 12G 1.

METROPOLITAN STREET RAILWAY-

Underground trolley and horse.
Lease and New Financial Arrangements.— In Feb., 1902, arrangements were carried out for meeting the company's financial needs, and
on Feb. 14, 1902, a lease was made of the Metropolitan Street Ry. for
7 per cent on its stock to the Interurban Street Ry. (now the
New York City Street Ky.) for 999 years. V. 74, p. 379. Metropolitan

—

—

J

STREET RAILWAYS.

"96

8t. Ry. stockholders were given the right to subscribe for $23,400,000
stock of the new Metropolitan Securities Co. As part of the general
plan, the Metropolitan St. Ry. created a new mortgage for $65,000,000,
$11,000,000 being for immediate issue and going to the Interurbau St.
Ry., the rest being reserved to retire prior liens.
On June 22, 1903, in a suit brought by Isidore Wormser Jr., the
validity of the lease was sustained. The case was tien appealed to
the Appellate Division, witch, on Nov. 18, 1904, affirmed thisjuogment of the lower court. V. 79, p. 2456.
Organization— Organized on Nov. 12, 1895. and by consolidation,
lease and otherwise acquired control of practically all the street
railways of Manhattan Island except the Manhattan Elevated.
The Elm Street Connecting Railway Co. was incorporated in May,
1900, in the interest of the Metropolitan Street Ry. to build a line on

Elm

St. from Centre St. to Great Jones St. and through Laf ay ette
Place, a distance of 6,000 feet, as a short route for the 4th Avenue line,
x'-o franchise, however, has yet been granted.
In July, 1901, the New York Transportation Co , havtng'purchased
the Metropolitan Express Co., inaugurated an express service on the
Eighth Ave. line. V. 73, p. 35.
On Sept. 1, 1904, the Union Ry. Co. established express trolley passer ger eervice between tbe Bronx Park Station of the Manhattan
Elev. Ry. and New Rochelle and Mount Vernon. V. 79, p. 903.
Francnises.— All franchises are perpetual, excepting the Kingsbridge
franchise, covering 3 1* miles. For decision in New York supreme
Court adverse to the validity of the franchise under which the Lexington Ave. extension of the Houston West Street & Pavonia Ferry
RR., and also the line across 116th 8treet, was built, see V. 72, p. 45.
Franchise Tax Legal— For decision of Court of Appeals in the case of
the Metropolitan St. Ry., affirming the validity of the franchise tax
law, see V. 76, p. 972. For reduction in assessments in legal proceedings, see V. 76, p. 331. For decision as to car taxes, see V. 75,
p. 1399.
Transfers.— For decisions as to transfers, see V. 78, p. 288 and 584
and V. 79, p. 269, 2147, 2588, 2642.
Charges concerning unearned dividends.— Accountants' findings
showing no warrant for W. N. Amory's charges that unearned dividends had been paid will be found in V. 76, p. 978 and 1030.
Brooklyn Bridge Connection— Cars of the Metropolitan lines began
to run across the Williamsburgh Bridge in January, 1905.
Subway Proposals.—In Deo., 1903, representatives of the Metropoli-

tan

St.

Ry. threw out suggestions that the company might under cer-

tain conditions become bidders for any new n<rth and south underground road in Manhattan which the Rapid Transit Commission
might decide to build: see V. 77, p. 2339. tn April, 1904, the Coinmis
sion's Committee on Plan and Scope made public its report on the
most desirable routes. Some of the suggestions of the Metropolitan
Street Ry. were favored, see V. 78, p. 821, 1550.
Date.
Interest. Outstanding.
Maturity.
STOCK
BONDS—
Stock ($100), $52,000,000
Q-J
$52,000,000 Jan./6,05,l'%
Refund mtge., gold.c&r, J 1902 4 g. A-O 15,134,000 Apr. 1, 2002
$65,000,000($l,000,&c) \ Morton Tr. Co.,N.Y., Trus. Int. atom, of Co.
Metropolitan Street Ry.
Oen. coll. tr. M., $12,500,- / 1897 5g.F-A
12,500,000 Feb. 1, 1997
000 g. ($1000, &c.) .c*&r S Int. at Natl. Bank of Commerce, N. Y.
1890 5 A.-O.
600,000 Apr. 1, 1920
*
Melronol Crosst. 1 st M. i
Metropol. Probst 1st
y Security & tj.'co^ n ., Trus.
J Int at
Lex. Av.& P. Ferry 1st M., J 1893
5g M-S
5,000,000 Sep.1,1993
gold
c*&r I Int. at Nat. Bk. of Commerce In N. Y.
Columbus & 9th Avenue $ 1893
5g. M-S
3,000,000 Sep. 1, 1993
1st mort., gold
c&r. I Guaranty Trust Co., N. Y. City, Trustee.
So. Ferry 1st guar. ($le00)
1889
5 A-O
350,000 Apr. 1, 1919
$350,000

&

M

B'way

N

.

_

y

?

Sur. RR., 1st M.7.*

do

do

2d

5 J-J
5 J-J

M

Mort. on car stable prop-) 1899
erties to

Mutual Life

—

$

Lessor Companies
Broadway & 7th Ave. 1st con.1893
do
do
2d M..1884

1,500,000 July
1,000,000 July
950,000
(Extended.)

1,
1,

1924
1905

OFFICERS— Pres., D. B. Hasbrouok; Vice-Pres C. E. Warren; See
Gen. Manager, Oren Root Jr.— V. 79
C. Moorehead
,

and Treas., D.

;

903, 1266, 2147, 2456, 2588, 2642, 2697; V. 80, p.711

p. 152, 269, 681,

Companies controlled by metropolitan Street Ry.

BLEECKER STREET & FULTON FERRY RR.—Horse

(1)

Organization— Chartered Deo. 12,1864. Leased

to

andelec.
Ry. Co.
Ry., rental is

23d

st.

Jan. 10, 1876 for 99 years lease assigned to Met. St.
interest on $700,000 bonds and l^a per oent per annum on stock.
;

STOCK & BONDS— Par.
$100

Stock
1st mortgage,

Interest.

Outstanding.

Maturity,

etc

l^J.-J.

$900,000
See text
)
1,000
4 J.-J.g.
700,000
Jan. 1, 1950
gold, 1900... 5 Morton Trust Co., New York, Trustee.
The first mortgage bonds for $700,000 were 7s until Jan. 1, 1900,
when they fell due and were extended by the Bleecker Street & Fulton
Ferry Co. at 4 per oent, on the same lien, and made payable In gold.
ROAD— Owned 10-82 miles. Electric on 14th Street —V. 69, p. 1344.
(2)

BROADWAY & SEVENTH AVENUE— Change

to

underground

eleotrio occurred in August, 1901.

Organization— Chartered May 26, 1864. Leased May 13, 1890
for unexpired term of charter and for any extensions of the same
to Houston West St.
Pavonia Ferry, now Metropolitan St. Ry. Co.

&

RENTAL— Interest on bonds and 10 per cent on

$2,100,000 stock, of
which Metropolitan Street Ry. Co. owns $1,400,000.

&

Interest.
Outstanding.
Par.
Maturity.
STOCK
BONDS—
Stock,$2,100,000($100) $100
10 Q. -J.
$2,100,000 See text
2d Mortgage of 1884. ..1,000
5 J. - J.
500,000 July, 1, 1914
B'way Surface 1st guar. 1,000 5 J. - J.
1,500,000 July, 1, 1924
do 2d M. int. as rent 1 ,000
5 J. - J.
1,000,000 July, 1, 1905
80. Ferry 1st guar
5 A. - O.
350,000 Apr. 1, 1919
1,000
By.& 7th Av. Con. M.of ? 1,000 5 g. J.-D.
7,650,000 Deo. 1,1943
93 for $1 2,500,000. . < Interest at Guaranty Trust Co. N. Y., Trustee.
Of the consol. mort. of 1893 for $12,500,000, $4,850,000 was reserved
to retire at maturity the other bonds in the table, but in June, 1904,
$1,500,000 maturing 5a were replaced by an issue of the Metropolitan
refunding 4s of 2002. V. 78, p. 1549. The outstanding consols
paid for laying the Broadway cable. The consols are guaranteed, principal and interest, under the terms of the mortgage by the
Metropolitan Street Railway Co., which now owns the Broadway line
south of 15th Street. They cover the road owned in fee, also the right
to use the tracks on Broadway from 15th Street to the Battery they
are also a direct lien on the cable, etc. Trustee, Guaranty Trust Co.
The Broadway & 7th Avenue assumed the Broadway Surface
1st mortgage bonds for $1,500,000 and payment of interest on the second mortgage bonds for $1,000,000, for use of traoks between 15th
Street and ferry. South Ferry 5s. assumed under lease.
ROAD— Including Broadway Eleotrio, 7th Ave. and South Ferry lines;
owned 15'12 miles,
Index— V. 58, p. 733; V. 73, p. 287. Office 621 Broadway.
.

,

;

CENTRAL CROSSTOWN RR.— Electric and horse.
Organization- Chartered March 28, 1873. May 28, 1890, leased
the Christopher & Tenth St. RR.; see separate statement, of latter.
In May, 1897, control was obtained in the interest of the Metropoi tan St. Ry., which owns $502,800 of the stock. V. 64, p. 1001, 1042.
On April 1, 1904, was leased for 999 years to the Metropolitan 8treet
Ry. at a rental f 15 p. c. per annum on capital stock in addition to a
guaranty of the principal and interest of the bonds of the Central Crosstown RR. V. 78, p. 820, 1168.
(3)

•

STOCK

&

Bonds.—

Date.

Outstand'g.

Interest.

Maturity.

15 Q. - J. $600,000
See text
250,000 Nov. 1, 1922
( 1882 6 M. - N.
mortgage ($1,000) ...o< Interest at Morton Trust Co., New York.
1st
( Am. Loan & Trust Co., Trustee.
-~ N
See texL
May 1( 1952
1 st
not.
<M 000 000 S 1904 * &'
n*± \ Morton Trust Co., New York, Trastee.
c&r Interest at company's office.
gold ?ii n'™7
(*l,000)
^
i,2i0,000
May 1, 1906
1904 5
Notes, $2,250,000
The notes mentioned in table above are secured by deposit of $2,500,000 guaranteed bonds. See V. 78, p. 1548.
Dividends.— Dividends under lease are now 15 p. c. For record of
previous dividends see Street Railway Section for Feb. 27, 1904.
Road— Track owned is 329 miles; leases from Christopher & 10th
St. RR., 3-76 miles. Total track, 7*05 miles. All electric except 17th
and 18th Sts. from Broadway to Ave. A.
Stock, $600,000 ($100)

Lh

J-D

[Vol. lxxx.

M

M

-

'

7,650,000 Dec. 1, 1943
500,000 July 1,1914
M. (extended).... 1893
100,000 Jan.l, 1909
Do debentures
1886
J-J
150,000 Jan. 1, 1906
Bleecker 8t. & Fulton F. 1st M. 1876
J-J
700,000 Jan.l, 1950
42d St. <fe Grand St. Fer. 1st M.1894
J-J
186,000 Jan. 1, 1909
2d Ave. 1 st mortgage
.1885
M-N 1,280,000 Nov. 1, 1909
2d Ave. debentures
1889
J-J
91,000 3an„
1909
2d Ave. 1st consol. mort
1898 5g. F-A
5,039,000 Feb. 1, 1948
Christopher & 10th S". 1st M.1898 4 A-O
210,000 Oct. 1. 1918
(4) CENTRAL PARK NORTH & EAST RIVER.— Horse & elect.
t8th A v. certificates of in debt.1884 6 F-A
750,000 Feb.,
1914
Organization—Chartered July 19. 1860. Lease—Leased to MetroCentral Crosstown lsr M
1882 6 M-N
25«-\000 Nov. 1, 1922
do
notes, $2,250,000.1904 5
2,250,000 May 1, 1906 politan Ry. Co. Oct. 14, 1892, for length of charter and renewals thereof
at 8 per oent on stock till Oct. 1, 1897, thereafter 9 per cent (V. 55, p.
Third Avenue RR.—See that company's statement.
Metropolitan St.Ry. owns $300,000 of the stock.
894).
Companies separately operated
Par. Interest. Outstanding. Maturity.
STOCK & BONDS
28th & 29th St. Crosst. 1st M.1896 5 A-O
1,500,000 Oct. 1, 1996 Stock. (See rental above.).. $100 text Q.— J. $1,800,000
See text
34th St. Crosstown 1st M
1896 5 A-O
1,000,000 Apr. 1, 1996
Metropolitan St. Ry. refunding 4s were issued to take up the $1,Fulton St. RR 1st M., gold. 1895 4 M-N
500,000 Nov. 1,1995 200,000 1st consols maturing Dec. 1, 1902.
t Interest on the $750,000 certificates of indebtedness of the Eighth
Road— Owns 59th St., East and West, with branch to South Ferry,
Ave. RK. is paid out of the $2l5,OoO renta^ which the Metropolitan 19-90 miles. All electric on 59th Street.
Street Ry. pays the Eighth Ave. RR.
(5) CHRISTOPHER <fe TENTH STREETS RR.— Electric.
Bonds— The Lexington Avenue <& Pavonia Ferry 5* and ColumOrganization—Chartered April 25, 1873. Leased to Central Cross
bus dt Ninth Avenue ss were fully described in V. 60, p. 1146. Both
town May 1, 1890, at 8 per cent on stock and interest on bonds.
were guaranteed and later assumed by the Met. Street Ry. Co.
The general coll. trust mortgage of 1897 is secured by deposit of the
Par.
Interest.
Outstand'g. Maturity.
STOCK & BONDS
stocks (par value) of the Broadway & 7th Ave., $1,400,000; 42d Street Stock
$100
Q. -J.
8
$650,000 See text
& Grand Street Ferry RR, $400,000; Central Park N. & E. River RR., 1st mortgage ext. in £1,000 4 A.-O.
210.000 Oct. 1, 1918
$300,000; 34th Street Crosstown Ry., $990,000; also all property of
1898
S Guaranty Trust Co., New Yor&, Trustee.
H. W. St. & P. V. RR., Chambers St. & Grand St. Ferry RR., Broadway
The $180,000 lsts were extended 20 yrs. from Oct. 1, 1898, and in
Ry., So. Ferry RR., Met. Crosstown Ry., Lex. Ave. & Pav. Ferry RR.,
bonds were issued
same time
take up the Real
Columbus & 9th Ave., and Ft. Lee Ferry Extension; also leasehold addition $30,000 of similar amount. at 67, p. 370. to
V.
Estate Mortgage
Interests, contracts, real estate (valued as below stated), etc. See ap3-76 miles.— V. 67, p. 370.
ROAD—Track owned is
plication to N. Y. Stock Exchange in V. 65, p. 826.
Of the §65,000,000 new refund imj 4 s, *54,000,000 were reserved to re(6) EIGHTH AVENUE RR.— Underground trolley road.
tire prior liens amounting to $48,196,000, this latter not including the
Organization Chartered Jan. 10, 1855. Road is leased to Metrobonds of the Third Avenue Railroad and its constituent companies.
for 99 years from Jan. 1, 1896, at rental of $215,000
The bonds have a second lien on the collateral deposited as security politan Street Ry. provides for interest on the scrip, 16 per cent diviper annum, which
for the general collat. trust mortgage of 1897; see particulars in V. 74
dends on stock and $5,000 additional for organization expenses. V.
Eesides the $il,000,00» of bonds immediately issued
p. 379, 130S.
40. Underground electric traction system used between 158th
(going to the Interurban St. Ry.), $4,134,000 have been sold for re-, 62, p.
and Battery Place. V. 67, p. 178, 956.
funding, making $1 5,13-1,000 outstanding. After Jan. 1, 1920, any
Interest.
Outstand'g
Maturity.
STOCK & BONDS.— Par.
part 01 the bonds reserved for refundir j not needed for that purpose
Quar.
See text.
$100
$1,000,000
Stock
are to be available for the general purposes of the company.
100
750,000
Feb., 1914
6 F. <& A.
Scrip of 1884
Dividends—The dividends paid have been as follows, those prior to
Scrip is subject to call at par on any interest day.
1898 having been paid on the Metropolitan Traction Stock, which was
ROAD—Total track owned and operated, 18 98 miles. V, 62, p. 40.
increased in 1892, from $20,000,000 to $30,000,000, and in October,
1897, was exchanged dollar for dollar for stock of Street Railway Co.:
(7) FORT GEORGE & ELEVENTH AV. RR.—To be an underground

23d

St.

1st

5g.

5 J-J
J-

'

—

-

Year—

)

'93.

555557 77777

'94. '95. '96. '97. '98.

'99.

'00.

'01.

'02.

'03.

Per cent. J None.
In October, 1897, a distribution of 20 per cent in debenture

'04.

certifi-

cates (paid off Oct. 15, 1898) was made to Traction stockholders. (V.
65, p. 620.)
Real Estate—The real estate in New York City (see V. 65, p. 826),
owned in fee, subject to the general mortgage & collateral truss
deed of 1897 (including $2,450,000 subject to the prior lion of the
Lexington Avenue mortgage) was valued in February, 1900, at*6,257,019; owned by subsidiary companies, $7,039,750; total, $13,296,769.
Annual Report— See report under New York City Ry.

trolley road.

Organization— Incorporated Nov.

19, 1898, in the interest of the
Ry. to build a line from 130th St. and 11th Ave., along 11th
Ave. to 175th St., and another from 145th St. and 11th Ave. easterly
through 145th St. to the Harlem River. Has been constructed
on 145th St. between Lenox and 8th Aves. Stook authorized, $3,000,000. V. 67, p. 1109. Franchise granted December, 1889, for 15
years, with privilege of renewal for another 25 years; 4 p. 0. of gross
receipts to be paid the first five years, 6 p. o. the second live years, 8
per cent the third five years, and 10 per cent the remainint: years of
operation. The road to become the property of the city at the termination of the franchise (whether original or renewed) upon payment

Met.

St.

STREET RAILWAYS.

1905.]

..

for the same in accordance with definitely-prescribed rules. The Kingsbridge franchise was granted the 3d Ave. RR. upon the same terms.

FORTY-SECOND

FERRY—A

& GRAND

ST.
horse railroad.
16, 1863. Leased to Metropolitan Street Railway Co. from April 6, 1893, for duration of charter and
renewals thereof at 18 per cent on stock, payable in lawful money.
Met. St. Ry. owns $400,000 of the stook.

(8)

ST.

Organization— Chartered February

STOCK & BON OS— Par1st

Oulstandina.

18
6

M. extended. ...1,000

Maturity.

$748,000
186,000

Interest.

$100

Stook

See text.
Jan. 1,1909

Q.—F.
J. - J.

ROAD— Owns 764 miles. V. 74, p. 1139.
FULTON STREET RAILROAD—A horse road.

(9)

Organization.— Chartered
Metropolitan

STOCK

&

St.

Stock

Oct. 29, 1895.

all

owned by the

Ry.

BONDS—

Date.

Outstanding.

Interest.

Maturity.

Stock, $500,000 ($100)
1st M.,g., ($1,000) .guar.

$500,000
1895 4g. M-N
500,000 Nov. 1,1995
$
p. and i. Met. St.Ry.o* \ Guaranty Trust Co. of New York, Trustee.
Earnings— See report under New York City Ry.
ROAD—Track owned is 1-05 miles.— V. 62, p. 27T

YORK& HARLEM RR.— Underground electric railroad.
ORGANIZATION— Chartered April 23, 1831. Owns also a steam road
leased to New York Central, its securities, which cover the electrio
(10) Ni£W

roads as well as the steam line, being described under the

title

New

YorkA Harlem among steam railroads in our Railway and Industrial
Section. In July, 1899, the Metropolitan Street Railway iOo. bought
from the New York & Harlem the car-stable properties at Thirtysecond Street andFourth Avenue and at 86th St. and Madison Ave.
for $1,350,000
V. 69, p. 180, 542, 591.
The electric (formerly horse) lines (19 77 miles of track) were leased
to the Metropolitan Street Ry. for 999 years from July 1, 1896, for a
rental of $350,000 per annum the first five years and $400,000 per
annum thereafter, which is equal to 4 per cent on the $10,000,000
stook; in addition $2,500 is allowed for organization expenses. V.
62, p. 1088. Line operated electrically from March, 1898, from City
Hall to 135th Street. In Jan., 1900, arrangements made with the
Third Ave. RR. Co. for running cars to Post Office. V. 70, p. 125.
-

(11)

NINTH AVENUE RAILROAD—An

electric railroad.

Organization—Chartered July 29, 1859. The road is leased to tho
Metropolitan Street Railway Co. for 99 years from March 12, 1892.
Rental— For first 5 years $48,000, which is equal to 6 per cent on
capital stock ($800,000), and thereafter $64,000— 8 per cent on same
and $2,500 for organization expenses. Stock, $800,000; par $100;
dividends, Q.— J.
Road— Fulton Street to 126th Street, total track
owned and operated, 16-14 miles.
(12) SECOND AVENUE RR.—Mostly underground electric.
Organization.—Chartered Jan. 21, 1853. Leased for length of charter from Jan. 28, 1898, to the Metropolitan Street Ry. at 8 p. c. on the
stock for three years from March 1, 1898, and 9 p. c. thereafter. V.
66, p. 185. All electrio except 1st Ave Branch.
Par.
Securities.—
interest.
Outsland'g. Dividend, die.
Stock, $2,500,000, $100.
$100 9 Q.— M.
$1,862,000
See text.
1st mortgage of 1885.... 1,000 5 M. & N.
1,280,000 Nov.1,1909
Debentures of 1889
1,000 5 J. & J.
91,000 Jan., 1909
1st con. M.,g. ,$7,000,000 ) 1,000 5 g. F. & A.
5,039,000 Feb.1,1948
1898,guar.,p.&i.end.c* S Guaranty Trust Co., N. Y., Trustee,
Of new 1st consol. 5s, $1,371,000 are reserved to retire securities of
earlier date, balance for improvements, equip., etc. V. 66, p. 900. For
mistake of trustees in exchanging some 5s of 1909 for consol. 5s of
1948, see V. 76, p. 654.
ROAD—Track owned, 2593 miles. V. 65, p. 276; V. 66, p. 616, 900.

(13)

SIXTH AVENUE RAILROAD—Underground trolley.

Organization— Leased

to Metropolitan Street Ry. Co. Feb. 1, 1892,
for 800 years. Rental now $145,000 per annum, which Is 7 per cent
on stock and $5,000 for organization expenses (V. 61, p. 925.)
Stock, $2,000,000; par, $100. An extra dividend of 38 per cent was
Said in August, 1901, out of proceeds of sale of stable property at
ixth Avenue and 43d Street. Road, inoluding Lenox Ave. branchtrack owned, 1245.
In Feb.. 1899, began operating underground trolley all the way to Batterv Place. V. 73, p. 236.

(14) THIRTY-FOURTH STREET CROS8TOWN RY.-Changed
underground electric

to

in Sept., 1903.

Organization—Chartered March 18, 1896, being a consolidation ol
RR. Co. and the Thirty-fourth Street Ferry

the Thirty-Fourth Street

& Eleventh Avenue RR.

Crosstown Ry. oo.

all

Street Ry.

Si 'K and
Stock ($100)
1st
p.

Bonds—

M. ($1,000), guar.

and

i.

Met.

St.

Ry

. .

ROAD—Track owned

Co. Of the stock of the Thirty-fourth Stree*f
but $10,000 is owned by the Metropolitan
Date.

<

\

is

Interest. Outstanding.

Maturity.
$1,000,000
1896
5 A-O
1,000,000
Apl. 1. 1996
Central Trust Co., N. Y., Trustee.
0-96 miles. V. 60, p. 83; V. 62, p. 549.

REPORT.— See report under New York

City

Ry.— V.

71, p. 135.

TWENTY-EIGHTH AND TWENTY-NINTH STREETS CROSSTOWN RAILROAD— Horse cars.
(15)

Organization—The Metropolitan Street Ry. purchased the property
and owns all the stook. In Dec, 1898, the new
air compressor and power house were practically completed, and in
,

In September, 1896,

August, 1899, began using air-motor system exclusively. V. 69, p.
JS83.
In May, 1901, however, returned to horse cars.
Date. Interest. Outstanding.
BONDS—
_ STOCK
Maturity.
Stock, $1,500,000 ($100)
$1,500,000
IstM., $1,500,000($1,000) > 1896 5g. A-O
1,500)000 Oct. 1, 1996
gu.p<fciend.,M.St. Ry.g.o* 5 Central Trust Co., New York, Trustee.
Road—Track owned is 6-72 miles. V. 63, p. 602, 661, 839.
Report— See report under New York City Ry.

&

(16)

TWENTY-THIRD STREET RAILWAY-Underground trolley.

Organization—Chartered Jan. 29, 1872. Leased from Apr. 25,1893,

Metropolitan Street Railway Co. for the unexpired term of the
charter and for any extensions of the same. Rental is 18 per cent.
STOCK
Interest.
BONDS-— Par.
Outstand'g.
Maturity.
Stock ($100)
$100 18
Q.-F.
1 8% per anii.
$600,000
1st M., $250,000,ext. > 1,000
6
J.-J.
100,000
Jan. 1, 1909.
in 1893 ....
Morton Trust Co., New York, Trustee.
J
Debentures of 1886. 1,000
5
J.-J.
150,000
Jan. 1, 1906
Road— Including 14th St., Bleecker St. and Canal St. branches, traok
owned 4-25 miles. Rails, 47 to 113 lbs., standard gauge. V. 74, p. 1139
to the

&

THIRD AVENUE RAILROAD

trolley.

-

Underground

ORGANIZATION.— Chartered October 8, 1853. A cable road from
December 5, 1893, but in 1899 changed to underground trolley. In
January, 1900, the electric line between 125th and 162d streets
was completed. In Nov., 1895, purchased control of the 42d Street
Manhattanville & St. Nicholas Ave. line. See V. 61, p. 872, 926. Con.
trol of Dry Dock E. B. & B. was obtained Aug. 23, 1897. ( V.
65, p. 194)

797

In January, 1898, amajority of the stock of Union Rv., N. Y„ was purchased.— V. 66, p. 135. In Sept., 1898, Union Ry. purchased Yonkers
RR. V. 67, p. 635. In April, 1899, the Tarrytown White Plains &
Mamaroneck Ry. was acquired. V. 68, p. 674.
In May, 1904, the Bronx Traction Oo. was incorporated with $5°5,000 capital. It is to be a consolidation of several small companies.
The list of directors includes some officials of the Metropolitan St. Ry.
See V. 78. p. 2333.
A traffic agreement went into effect April 29, 1899, between the
Manhattan Elevated and the Third Avenue Railroad system [comprising the Third Avenue RR.. the Dry Dock East Broadway &
Battery, the 42d St., Manhattanville & St. Nicholac Avenue RR.
and the Union Railway lines], providing for an extensive scheme
of transfers at cross-town junctions, and also at the terminal
points of the two systems. The transfers are granted for an additional
fare of 3 cents, making the cost of the entire journey 8 cents. For the
latter sum a passenger oan thus ride from the City Hall and South
Ferry to Yonkers, New Rochelle, Mt. Vernon and Larchmont. V. 68,
p. 672, 872. This contract expired April, 1904, but was renewed for
a rear. Sept. 1, 1904, the Union Ry. began operating express trolley
passenger service between the Bronx Park Station of the Manhattan
Elevated Ry. and New Rochelle and Mt. Vernon. V. 79, p. 903.
Owing to failure of negotiations for a new loan to take care of a
large floating debt, the Third Avenue Railroad was on Feb. 28, 1900
placed in the hands of Hugh J. Grant as reoeiver. On March 19, 1900,
it was announced that the Metropolitan Street Railway had purchased
oontrol of the road in the open market (at an average price, ft is understood, of 80) and would provide for the rehabilitation of the company.
Arrangements were at once concluded through a syndicate, represented by Kuhn, Loeb & Co., for the sale of $35,000,000 of the $50,000,000 new mortgage described below, and on May 24 the property
was restored to the company, passing into the possession of the Metropolitan Street Railway Company as owners. Kuhn, Loeb & Co. offered
a block of the bonds for sale in Dec, 1900. V. 7 p. 1168.
Lease.— On April 13, 1900, the Metropolitan Street Rv. Co. took a
lease of the property for 999 years. For the first four years Third
Avenue stock was to receive only the net income above expenses and
fixed charges; the next two years 5 per cent; the succeeding four years
The first dividend under the lease (1*4 per
6; thereafter 7 per cent.
cent), was paid on July 30, 1904.
BONDS. Par. Date. Interest. Outstanding. Last div., <£c.
STOCK
Stock,$40,000,000. $100
$15,995,800
See text.
1st mortage, gold. .1,000 1887 5 g. J. &J.
5,000,000 July 1,1937
1900 4g. J.&J. 36,943.000 Jan. 1, 2000
lstconsol.M.gold)
o* ($1,000, &c), > Interest at Morton Trust Co New York, Trustee
$50,000,000.c&r ) Guar., principal and int., by end. by Met. St. Ry.
Bonds— The remaining $13,057,000 is reserved to take up the following prior liens, which the company has bound itself to pay off at or
before maturity without extension. V. 78, p. 1549. The]bonds were
listed on the N. Y. Stock Exchange in March. 1901. See V. 70, p. 1050,
1

,

&

,

1121.

Name of company and loan.
Authorised. Outstanding
Third Ave. RR. Co. IstM
$5,000,000
$5,000,000
Union Ry. IstM
2,000,000
2,000,000
42d St. Manhatt. & St. Nich. Ave. Ry. 1st M. 1,200,000
1,200,000
'757,000
2d mortgage incomes
1 ,600,000
Dry Dock East B'way & Battery RR. 1st M. 1,000,0'jO
950,000
Certificates of indebtedness
1,200,000
1,100,000
Yonkers RR. Co. IstM
1,000,000
1,000,000
Westchester Electric RR. 1st
500,000
500,000
Tarry t'n White Plains & Mam'neck Ry. 1st M.
300,000
300,000
Southf rn Boulevard RR. IstM
250,000
250,000

M

$14,050,000 $13,057,000
$74 i,000 already pledged as part seouritv for the Third Ave. RR
4s a.re here deducted; of the $743,000, $357,000 was owned at thetime of the making of the mortgage, and the other $386,000 have
since been acquired by the issue of a like amount of the Third Ave. 4s.
The new bonds are guaranteed by the Metropolitan Street Railway
('
r form of guaranty see V. 72, p. 776) and are secured by the pledge
the following stocks and bonds:
Name of company.
Issued.
Pledged.
Jnion Railway Co. of New York City stock
$2,000,000 $2,000,000
42d St. Manhan'ville & St. Nich. Ave. Ry. stock. 2,500,000
2,469,800
Do.
2d mortgage incomes
357,000
1,500,000
Dry Dock East Broadway & Battery RR. stock. 1,200,000
1,179,000
Total

*

'

'.

Kingsbridge Ry. Co. stook
8,600
8,600
Subscription for balance of $1,000,000 stock
991,400
Yonkers RR. Co. stock
1,000,000
992,500
Westchester Electric RR. Co. stock
500,000
500,000
Southern Boulevard RR. Co. stock
248,300
250,000
Tarryt'n White Plains & Mamaroneck Ry. stock
300,000
300,000
The Metropolitan Company is to be entitled to vote on the foregoing and to receive the income from the same so long as the new bonds
are not in default. See particulars in V. 70, p. 1050.
There are other mortgages outstanding for $50,000.
fifties
Miles.
ROAD Owned.
City Hall via 3d av. to 130th st. 7-03 42d St Man.& St. Nich. Ave. 24-81
71-10
North River to 125th St., E.R. 2-50 UnionRy
25-13
10th Ave., 125th St. to Fort
Westchester Electric
26-06
3-75 Yonkers RR
George
13-28 Southern Boulevard
7-00
Second track
Sidings
0-68 Tarrytown White Plains &
18-90
Mamaroneck
27-24
Total track
Controlled but oper. sepaTotal controlled track. .18797
rately

— track miles.

Dry Dock

Ry

215-21
. .
1497 Grand total track
report under New York City Railway.
OFFICERS.— President.H. H. Vreeland; Vioe-Pres., D. B. Hasbrouok;
Sec. and Treas., John Beaver; Asst. Gen. Mgr., Oren Root Jr.
INDEX—V. 74, p. 528; V. 78, p. 2336, 2386, 2600; V. 79, p. 153.
E. B.

<fe

Bat.

Annual Report.— See

(1)

DRY DOCK EAST BROADWAY & BATTERY— Horse road.

ORGANIZATION— Control obtained by Third Ave. RR. Aug. 23, 1897,
(V. 65, p. 194) which owns $1,179,000 of the stock, all pledged for the
50 million dollars Third Avenue mortgage.
Maturity.
Par.
Interest.
Outstand'g.
Stock & BONDS—
Stook
See text.
$100 6
Q.— F. $1,200,000
Dec 1, 1932
950,000
Gen mort., gold,1892
Gen. mort £?nlrt 1 8Q2 5 1 000 5 6 J " D

^^^^j^^ -& Tru8t
Oert.ofdebtnotsub.toc
'

-

Co>> Tru8te e.
Feb. 1, 1914
1,100,000
ROAD— 14-97 miles of track, 191 cars, 8 sweepers and 4 snow plows.
Dividends— Since 1891, for fiscal year ending June 30: 1891-92,
5 per cent; 1892-93, 6 per cent; 1893-94, 2 ^ per cent; 1894-95, 4^
percent; 1895, August, 1% p. o.
Nov.,l^p.o: In 1896, 6 p. c ; in
1897, Feb., lis p. c; in 1898, 6 p. c; in 1899, May (Feb. div. was
passed), 1*2 p. c; none since paid.
Annual Report— See report of New York City Railway.
NDEX-V. 64, p. 843, 1041; V. 65, p. 194. 568; V. 67, p. 952.
$

100 5

F.

A.

;

(2)

FORTY-SECOND

ST.

MANHATTANVILLE &

ST.

NICHOLAS

AVE. RY.— A horse road, but Nov. 11, 1900, ohanged to electrloity.
The company after being in the hands of receiver from March, 1900,
was restored to solvency in 1901, reoeiver being discharged April 12,
Organization—Chartered Aug. 29, 1878, In November, 1895, control
waH purchased by the Third Avenue RR. wee V. 61, p. 926.

)

STREET RAILWAYS.

798

In Dec, l»yy, began to use underground electric system from Fort
Lee Ferry to the Boulevard, thence to Fifty-ninth Street.
Of the stook, $2,469,800 is pledged as security for the 50- million
Third Ave. niter.: of the $1,500,000 2d mtg. incomes, *743.000 are
owned by the Third Ave. RR., of whioh $357,000 deposited under the

Third Avenue mortgage.

STOCK

&

BONDS.— Par.

Maturity.

Outstand'g

Interest.

St'k (aut'd $7,500,000) *100
$2,500,000
"S
6
1,200,000 Mch. 1, 1910
1st mort eold 188o5 1 000
xst mon, goia, ibsu
interest at Union Trust, N. Y. City- Trustee.
}
2d mort. inc. 6s, 1885 5 1,000 6% as earned.
1,500.000 Jan. 1,1915
$1,600.000
Union Trust Co., N. Y., Trustee.
I
Real estate mortgage
100,000
Ste text.
5%
Bills payable June 30, 1904
6,291,754
Bonds.— The real estate mortgage is all owned by the Third Ave. RR
Road— 24-81 miles of track, 120 cars, 5 snow plows and 5 sweepers.
Annual REPORT-See report of New York City Railway.

UNION RAILWAY OF NEW YORK— A

trolley road.

ORGANIZATION— Organized under Chapter 340 of the Laws of 1892,
fiving authority to consolidate the Harlem Bridge Morrisania &
ordham Ry., the Melrose & West Morrisania RR. and the North Third
Ave. it Fleetwood Park RR. Validity of consolidation affirmed by
Court of Appeals Jan. 9, 1900.— V. 70, p. 77. Operates from 129th
St. and 3d Ave. through the Borough of the Bronx, and with subsidiary
continuing thence to and .through Mt. Vernon.
Controlled by Third Ave. R.R., which in Jan., 1898, purchased a maIn Sept., 1898, the Union Ry. purjority of the stock.— V. 66, p. 135.
chased Yonkers RR., and agreed to guarantee its $1,000,000 bonds,
this guaranty being accepted by the Third Ave. V. 67, p. 635.
In Dec, 1899, accepted the terms proposed by Board of Estimate
for the Kingsbridge RR. franchise, which are 4 per cent of gross
receipts for the first 5 years, 6 per cent for the second, 8 per cent
for the third and 10 per cent thereafter. The franchise is for 25
years, with privilege of renewal under certain conditions for another 25 years. At the end of the term the city acquires the property, paying for it in accordance with definitely- prescribed rules for
fixing its value. V. 69, p. 1248. Work on this line was begun in July,
1901, and completed in 1902. Runs from Amsterdam Ave. andl62dSt.
to Broadway and 221st Street, making 3-125 miles additional.
The whole of the Union Ry. stock is pledged as security for the Third
Avenue 50-million mortgage.
Interest.
Outstand'g. Last div., &c.
BONDS.— Par.
Stock
$100
$2,000,000
Stock
2,000,000 Aug. 1, 1942
5 g. F. -A.
larmort i»yz, gom.
let mort., 1892 *?old 51.000 payable at
^ Int is
central Trust Co., N. Y. City.
Notes payableJune 30, 1904, $5,775,502.
lines,

&

—

Guaranteed Loans

Westch. 1st M.,gu.,p.&i> 1,000 5g. J.-J.
500,000 July 1, 1943
1893
Mercantile Tr. Co., N. Y., Trustee.
gold
$
- J.
Boulevard (
Southern
5 g. J.
250,000 July 1, 1945
RR. 1st. gold. 1895..
Central Trust Co., N. Y., Trustee.

5A -"°-

^So/oa'Sgu::!

TarrytownW'e Plains')
& Mamaroneck 1st ($1,000 5
mtge., *300,000, g.,
guar. p. &i.. 1898...

f

g.

$1,000,000

300,000

M.-S.

Knickerbocker Trust Co., N.

Apr. 1,1946

Mar.

1,

1928

Y., Trustee,

J

Road— Main line and branches,

including second track, 83-54 miles.

Annual Report— See report of New City Ry.
Index— V. 69, p. 441; V. 70, p. 77, 481.
(4) TARRYTOWN WHITE PLAINS & MAMARONECK (ELECTRIC)

RY— A trolley

road.

Organization— Successor in 1898 to the New York Elmsford & White
Plains Ry. On April 18, 1899, Third Avenue RR. purchased all the
stork, and it is pldged as security for the new 50-anlli n Third Ave.
mortgage.— V. 68, p. 674.
Road extends from Tarry town station on the N. Y. C. & H. R. RR., to
Mamaroneck, on the Sound, and from White Plains Station on the Harlem Road to Silver Lake Park, a total of 21 > miles. The company
-

carries freight as well as passengers.
Dale.
Interest. Outstanding. Maturity.
STOCK
BONDS Stock ($300,000), par $25
$300,000'
1st mortgage $.00,000,? 1898
5g
300,000 Mar.1,1928
Knickerbocker Trust Co.. N. Y., trustee.
g, ($1,000) guar. p. &
BUs payable June 30, 1904
329,630
The bonds are guaranteed, principal and interest, by endorsement,
by the Union Railway Co For form of guaranty t-ee V. 74, p. 381.
Annual Report— See report of New York City
in V. 79, p. 1264.
-V. 74, p. 381.

&

M&S

is

R

(5)

.

YONKERS RAILROAD.—A trolley road.

Organization— In

Sept., 1898, sold to the Union Ry., which guarantees $1,000,000 bonds, principal and interest, this guaranty being
accepted by the Third Ave. RR. See New York.— V. 67, p. 635.
Of the stock, $992,500 is pledged for the new 50-million mortgage of
the Third Ave. RR.
Dale.
Interest.
STOCK
Outstand'g. Maturity.
Bonds—
Stock, $1,000,000 ($100
$1,000,000
lstmtge.gold, $1,000,000, ) 1896
5 A-O
1,000,000 Apr. 1,1946
guaranteed
Manhattan Trust Co., N. Y., iTiistee.

&

<,

Bills

payable June 30, 1904

973,150

Road— Owns 26-06 miles of track.
Annual Report— See report of New York CltyRy.— V.

62, p. 462,

[Vol. lxxx.

REPORT— For the

years ending June 30 (Newburg Elect.)
Oth.Inc. Int., lax,

Net.

G7'oss.

Bal.,sur.

die.

$U2,760

1903-4
1902-3

$26,240
$855
$29,018 def.$l,923
103,003
823
35,524
28,200
8,147
OFFICERS— Pres., W. H. Hascy: Vice-Pres. and Treas., W. H. Pouch;
Sec, A. B. Pouch; Supr... O. G. Pouch. -V. 78, p. 1962.

NEWBURYPORT, MASS.

M

'

(3)

—

)

.

CITIZENS'

ELECTRIC STREET

Organization.— Incorporated
Newburyport & Amesbury RR.

&

STOCK

BONDS—

Dale.

Stock, $240,000, $100
1st M. $230,000, gold.
«2^ft nnn ™iri

RY.-Trolley.

in April, 1899, as successor to the

Outstanding.

Interest.

J-J

Maturity.

$240,000
210,000

Jan.,'05.2ifl

5 SD
Dec 1, 1320
5 I 900
M
Beacon Trust Co.. Boston, Trustee.
I
Notes & bills payable
70,732
Dividends -For fiscal year ending 1901, 8 p. c: 1902, 7 p. c; 1903, 6
p c; In Jan., 1904, 3 p. c; July, 212 p. c in 1905, Jan. 2^ p. c.
Road— Owns about 23 miles of track in Newburyporc, including
lines to Haverhill, Amesbury and Plum Island. Operates 43 cars.
Earnings— For fiscal year ending Sept. 30, 1904, gross, $102,060;

J~

.

.

.

;

and taxes, $19,000; dlv., $13,200; surplus, *4,531.
OFFICERS—President, Jas. F. Shaw, Boston; Treas'r, Q. A. Butman,

net, $36,731; int.

8 Congress Street, Boston: 8upt., O. F. Files, Newburyport.
Market Square, Newburyport.—V. 72, p. 44.

NEWPORT,

R.

NEWPORT— & PROVIDENCE

Stock & Bonds
Common, $300,000, $100

Date.

Office,

33

I.

RY.

CO.-Trolley.

Outstanding. Maturity.

Interest.

$200,000

Pref.,oum., $200,00(1, $100 ... .
..
200,000
1st ratg., *350.0'0, gold) 1904
5 g. A300,000 Apr.1,1924
0*5 Int. at State St. Trust Co., Boston, trustee.
$500 and $',('00)
Bonds— No sinking fund, and bonds are not subject to call.
Road— Operates 12 miles of track (completed in 1904) from Newport
to Bristol Ferry, where connection is made by ferry to Providence; 70
and 90 lb. T and girder rail.
Officers— Presid-nt, E. A. Brown; Treasurer, Geo. E. Macomber;
Manager, W. J. Jones- V. ' 8, p 2519.

NEWTOWN, PA.
ST. RY.-A

NEWTOWN ELECTRIC
Chartered

trolley road.

Deo. 17, 1896. In 1898 leased the NewSt. Ry., chartered in 1895.
Date. Interest. Outstanding. Maturity.
8took,auth., $300,000 ($100)
300,000
5 S300,000
1928
1st,
morte-ae-e
<R?00 000 < i898
$300,000 > Int at Real E8t Title
& Trugt c
,Vl
(*>i,uuu), goia
^Philadelphia, Trustee.
Loans payable June 30, 1903
36,634
Road— Owns and operates 27'89 miles of track.
OFFICERS— President, T. P. Chambers; Secretary, Geo. C. Worstall;
Treas. <sa Gen. Man., A. Chambers; Supt., J. W. Keener.

Organization—
town Langhorn & Bristol
Stock & BONDS—

SS

j^

NIAGARA FALLS, N. Y.
INTERNATIONAL TRACTION, -See
and map under Buffalo.
NIAGARA GORGE RR.-Electrlc.

statement

Organization— Incorporated in New York June 3, 1899. as successor

to the Niagara, Falls

<fe

Lewiston, sold at receiver's sale

May

23. 1899.

Extends from Onondaga Street. Lewiston, along the bank of the
Niagara River to the city of Niagara Falls. Was formally opened
July 1, 1899. Also controls the franchises of the Niagara Falls Tower
Co., the Buttery Whirlpool Rapids Co., the Niagara Rapids View Co.
and the Niagara Whirlpool Rapids Elevator 00. Has agreement with
the Niagara Falls Park & River Ry. Co. allowing cars of the Gorge
Road to run over that company's lines across the arch and Suspension
Bridges to Table Rod and Dufferin's Island. Leases the Lewiston &

Youngstown Frontier RR.
Stock & BONDS—

Date

O tst-md'g

Maturity.
$1,000,000
1895 Pg J D
See text.
Junel,1925
&
$1,000,000 (-1 ,000).. .c* S Int. at Knick. Trust Co., N. Y.. Trustee.
Bonds. The Niagara Falls & Lewiston when sold at foreclosure was
These bonds are
sold subject to the $1,000,000 mortgage above.
owned by the company and hypothecated as collateral for $755,000
Dills payable.
Road Owns 14-4 miles of track from Niagara Falls to Lewiston.
Latest EARNINGS— For 6 months to Dec. 31. 1904, gross, $92,775;
net, $54,331; other income, $412; charges, $26,068; surplus, $28,675.
Earnings— For year ending June 30, 1904, gross, $104,341; net,
$56,613; interest and taxes, $56,438; surplus, $175
OFFICERS— Pres., Jos. T. Jone-; Vice-Pres., Herbert P. Bissell; Sec,
Robert E. Powers; Treas., and Gen. Mgr., Bert. L. Jones, Niauara
Falls.— V. 68, p 332, 1Q77, 1133
Interest.

Stock, $1,000,000 ($100)
Lew. 1st M..>
Niag. Falls

....

—

(1)

LEWISTON & YOUNGSTOWN FROSTIER RR

OrQANIZAT'ON.— Chartered August, 1895. Owns from lewiston to
Youngstown, 73 miles completed in August, 1896; branch to Ruinsey

644; V. 63, p. 5 58; V. 65. p. 515; V. 67, p. 635; V. 71, p. 30.

;

NEWARK, N. J.— (See Jersey City, N.

J.)

Park, 1 mile; sidings, *2 in.; trackage,
Is leased by the Niagara Gorge RR.

STOCK

NEWBURG,

N.

Y.

ORANGE COUNTY TRACTION
Orsamzed
190l,

CO.-TroUey.

Oct. 16,
Organization—
and acquired the Newburg
Electric Ry. Co., sold under foreclosure. Under the reorganization no
dividends are to be paid on the shares for three years, all surplus
earnings to be used f r betterments and additions. The Newburg
Electric 1st mortgage bondholders and the Walden & Orange Lake
RR. and the Newburg & Orange Lake RR. agreed to a reduction in
their interest from o to 5 per cent. See v. 73, p. 138. In May, 1904,
State Railroad ornmission granted permission to make new mort.
for $100,C00 for improvements, but no bonds issued up to Oct., 1904.
Date. Interest. Outsl'd'ng. Maturity.
BOND c
STOCK
1

&

•

Stock $150,000, par $25
Pf., $175,000 6% non-cum. $25

$150,000
175,000
250,000

5g. M-N
May 1, 1944
Knick. Tr. Co., Trustee, N. Y. City.
call )
g.,
Walden & O. L. 1st Mort. g. S 1895 5g. J-D
100,000 June 1,1945
guar. p. &i
( Int. at Hamilton Trust Co., Brooklyn.
Newb. <fe Orange Lake lst< 1894 5g. J-J
75.000 July 1,1944
M.,g.,$500, p. &i. guar. c* < Int. at Knick. Tr. Co., Trustee, N.Y. City.
New mortgage *100,000
1904
one
Loans paj able June 30, 1904
$35,250
Road— Owns I9-S9 miles of track (including Walden <te Orange
Lake 5-29 miles and Newburg & O. L. 5-40 miles).

Newb.EleclstM. ($250,000)
($500) not sub to

S

1894

& BONDS—

Date.

-2 in.; total,

Interest.

8tk.,$150.000 ($100) ....
6 g. J-D
1st mtg., $150,000 5 1896
($1,000), gold c* \ Int. at Buffalo L. Tr.

NIAGARA

ST-

8-7 miles.

Outstanding.

$134,000
134,000

& S. D.

Maturity.

June 1,1926

Co., Buffalo, Trustee.

CATHARINES & TORONTO

Pv Y.-Eleotrio and steam road.
In Jan., 1905, the present interests acquired control. V. 80, p. 651.
Organization -Incorporated in Canada. A consolidation of The
Niagara Central Ry., the Niagara Falls Wesley Park & Clifton Tramway Co and the Port Dalhousie St. Catherines & Thorold Electric
Street Ry. Franchises perpetual. Owns and operates Niagara St.
Catharines & Toronto Nav. Co; also transports freight.

Stock

&

BONDS—

Dale.

Stock, $1,000,000
f

Ry. 1st mort,

g.

w„

at

\
($1,000) c*

Int. at

(
,

r.„

i

*

o.«nnAn(

($1,000) t£20o.9s. »a.)g.o

Interest.

Outstand'g. Maturity.

$925,000
899 5 g M-N
710,000 Nov. 1, '29
Int. at Canadian Bk.of Commeroe.Toronto,
and Bank of Scotland. London.
1

Nat'l Trust Co., Lirn., Toronto, Trustee.
200.000 Nov. 1, '29
!9 03
5 g M-N

Nat'l Trust Co., Lim., Toronto, Trustee.
I
Interest also at Bank of Scotland, London.
Hands— Of the Railway bonds no given amount Is authorized, but
$20,000 per mile of electrically-equipped road; otherwise $15,000 per
mile may be issued $60,000 of these bonds is reserved for prior liens.
See V. 75, p. 667. The navigation bonds are guaranteed by the Rail-

STREET RAILWAYS.

Feb., 1905.]

way, p. & i., by Indorsement. Neither Issue is subject to call, but the
$60,000 prior liens can be called at any time on 30 days' notice.
Road—Operates 355 miles of track, not Including sidings. Buns
from Niagara Falls, N. Y., and Niagara Falls, Ont., to Port Dalhousie
on Lake Ontario, passing through St. Catharines, Merritton and Thorold. 60-lb. steel rails, 26 passenger cars, 16 freight cars, 1 electric
looomotlve, 1 steam locomotive and 2 snow plows. Extension contemplated from St. Catharines to Toronto by way of Hamilton.
REPORT- For years ending Deo 31:

Year—

Charges.

Net.

i/per exp.

Gross.

Surplus.

$49,462
$82,427
$32,965
72,367
43,867
28,500
OFFICERS— President, Fred. Nlehol's, Toronto; Vice-President, E. R.
Wood, Toronto; Seeretary-Treas'r, ^Emilius Jarvls, Toronto, Canada;
Asst. Seo-etary and Treasurer, C. E. A. Goldman; General Manager.,
V. 78, p. 343, 989; V. 80, p. 651.
E. F. Seixas. St. Catherines

$141,4»7
142,456

$223,924
214,823

1904
1903

—

NORFOLK, VA.
TRANSIT CO.-Has been absorbed
CHESAPEAKEdee
Railway and Industrial SecSouthern,
by Norfolk
latter in

<&

tion.

NEWPORT
NORFOLK PORTSMOUTH
NEWS CO- under an Act the General&Assembly Virginia
consolidation
of

of

Is a

approved March 29, 1902, of the Port Norfolk Electric Ry., Portsmouth &j8mlthtteld RR. and the Portsmouth Pig's Poin' & Newport
News Ry., Ferry & Hotel Co., formerly known as tt e Norfolk Portsmouth & Newport News Railway Co. Also owns Portsmouth Electrio
& Gas Co. and the stock and bonds of the Old Dominion Ry.

Stock

&

Bonds—

Date.

Stock, $1,500,000
1st mort... $1,500,000,,
c*<
gold ($1,000)
Income M., $1,000,000,
g. ($1,000) non-cum.c*

Interest.

Outstanding.

Maturity.

$936,100
936,000

June 1,1942
5g. J.-D.
North Amer. Tr. Co., N.Y., Trustee.
629,000 June 1, 1942
1904 5 g. F.-A.
1904

Int. at

Int. at Richmond Tr. & 8. D. Co., Trustee.
Bonds.—The income 5s are subject to call at par on any interest date
upon 60 days notice and the first 5s at It 5 and Interest.
Earnings.— For the year ending Deo. 31, 1904, (including the Old
Dominion Ry.). gross, $342,249; net, $81,125; fixed oharges, $62,997;
(

i

1

surplus, $18,128.

799

NORTH ATTLEBOROUGH, MASS.

INTER-STATE CONSOLIDATED

ST-

RY-

Organization—Organized as successor in Massachusetts to the Inter-State Consolidated of Rhode Island.
Date. Interest.
Outstanding. Maturity.
STOCK & BONDS—
Stoek, $275,000, par

ROAD— Owns

$100

$275,000

20-55 miles

track and 1-10 mile sidings,
Pawtucket R. I., to North Attleborough,
etc., from Main Street,
Mass., Hebronville, Dodgeville and Attleborough. Total operated,
21-65 miles.
Earnings— For year ending Sept. 30, 1904: Gross, $150,665; net,
$27,056; taxes, $8,217; surplus, $18,839.
OFFICERS— President, Marsden J. Perry, Providence, R. I.; VicePresident, BenJ. A. Jackson; Secretary and Treasurer, C. S. Sweetland;
General Manager, A. T. Potter.— V. 73, p. 236.
trolley

NORTHAMPTON, MASS.
NORTHAMPTON STREET RAILWAY-A

trolley road.

Organization— Chartered Feb. 26, 1873.
Date. Interest. Otitstand'g. Div'nds,<6c,
STOCK, Bonds, Etc.—
J-J
$300,000 f.p.See text
Stock, $300,000, par $100
5A-0 25,000 Apr. 1, 1909
C 1888
at Springfield S. D.

lstM.,notsubj.tooall($500)c2lnt

( Springfield,

&

Tr.

Co.,

Mass.

New mortgage, $200,C00.... J 1900 4J* J-D 200,000 June 1, 1910
c. (Int. at3dNat. Bank, Pittsfleld, Mass.
($10,000)
193,000
Loans and bills payable Oot. 1, 1904
Bonds.—The new mtge. 4*fl p c. bonds can be oalled at par in 1905
upon 60 days' notice. Trustees are Erwin H. Kennedy and Ralph B.
Bardwell, both of Pittsfleld.
Dividends— 1901. 8 p. c; in 1902, 8 p. o.; in 1903, 8 p. c: in 1904,
Jan., 4 p. o.; July, 2 p. c ; in 1905, Jan., 3 p. c.
Road— Operates 26-26 miles of track, inoluding extension to Hol-

yoke and extension from Mt. Tom Junction to Easthampton. Operates
44 passenger oars, 4 snow plows and 110 electrlo motors.
Annual REPORT—For years ending Sept. 30 earnings have been
1904.
1903.
1904.
1903.
$149,387 $151,031 Bal. for div'nds.. $8,921 $20,653
18,000
24,000
39.266
50,618 Dividends
Net
Int., tax., etc..
30,345
29,965 Bal. for year... def. 9,079 def. 3,347
OFFICERS— President, John Olmsted, Springfield; Secretary, H. P.
Field, Northampton; Vice-President and Treas'r, N. D. Winter, Spring-

Gross

|

I

ROAD— 25 miles of track, Including the Old Dominion Ry/40 cars.
OFFICERS—President, R. Lancaster Williams, Richmond; Vice-Pres.;
Caldwell Hardy, Norfolk; Sec. & Treas., Wallington Hardy, Norfolk,
Gen'l Mgr., E. C. Hathaway, Norfolk; Auditor, W. J. Kehl.

NORFOLK RAILWAY &
November
Organization.— On

LIGHT--

was formed by consolidation
of the following: Norfolk Street RRy Norfolk & Ocean View Ry.,
Virginia Electric Co. and the Berkeley Light & Power Co. The company controls the street railway, electric lighting and power
business of the oitv of Norfolk and owns a line of railway and steamers to Old Point Comfort; also owns 4,011 shares out of 5,000 shares of
the stock of the City Gas Co. of Norfolk. On Aug. 30, 1904, the City
Gas Co. purchased the Berkeley Gas Co. V. 79, p. 968.
Date. Interest. Outstand'g.
Maturity.
Stock & Bonds—
2,

1899,

Stock, $1,650,000 ($25)
$1,650,000
Norfolk City 1st M., gold, < 1888 6g. J-J
125,000 Jan. 1,1913
$1,000
o (Int. at Mer. Trust Co., N. Y. City, Trustee.
Virginia El eo. Co. 1st M., < 1898 5 A.&O.
20,000 Apr. 1, 1928
gold ($1,000)
& Tr. Co., N. Y.. Trus
I Int. at U. S. Mort.
Norfolk Street 1st con.'M., S 1899 5g. J-J
915,000
Jan. 1, 1944
$1,000,000, g. ($1.000)c. ) Int. at Merc. Tr. & Dep. Co., Bait., trustee
Norfolk Ry. & Lt. 1st con. ) 1899 5g. M-N 2,875,000 Nov. 1, 1949
M., $4,000,000, gold, > Interest at International Trust Co.. Baltlc*) more, trustee.
$1,000, s. f
Bonds— Of the new 1st con. nitge., $1,060,000 is reserved to retire
outstanding bonds, and $65,000 remains available for the future,
to be Issued only for additional property, and only upon the consent
of the trustee. Sinking Fund begins Nov. 1, 1909, and provides for
the purchase of 1 per ct. of outstanding bonds each year at 110 or less.
See V. 70, p 584.
EARNINGS— For year ending Deo. 31, 1904, gross, $658,189; net.
$269,884; less deductions and adjustments, $15,943; balance of
Income, $253,941; taxes and interest, $201,489; surplus, $52,452.
Road and EQUIPMENT.— Owns 54-08 miles of track. Gauge, 5 ft. 2H
in. and 4 ft. 8 1* in
62 i assenger cars, 10 freight cars, 2 other cars, 1
power station; also owns two steamers, which operate to Old Point
Comfort and extensive real estate and buildings at Ocean View, including large hotel, theatre, pavilion, restaurant, etc., which are leased for
the season at $12,000.
Officers— President, R. Lancaster Williams; Vice-Pres. &Gen. Mgr.,
E. C. Hathaway; Sec.-Treas., W. J. Kehl.— V. 79, p. 270, 968.
;

NEWPORT NEWS
WAY & ELECTRIC-AND OLD POINT RAILIn
purchased
Organization.—

the Newport

'-898

&

News Hampton

Old Point Railway and acquired the Chesapeake Light & Power Co. at
Hampton, Va. Later acquired the Citizens' Ry. Lt. & Power Co., the
Newport News Gas Co the Norfolk & Atlantio Terminal Co. and the
Danville Ry. <fe Electric Co. Controls the electric lighting, power, gas
and ice business In Newport News, Hampton, Old Point and Phoebus.
Date. Interest. Outstanding.
Maturity.
STOCK
BONDS—
Com.,$l,O75,000 ($100>
$1,075,000
Pref.,5p.c.cum. ($100)
5 J.-J.
725,000 July 2, '02,2^%
1st M., $900,000, gold, ) 1898
5 g M-N
900,000
Nov. 1,1938
($1,000 eaoh)o*...
$ Int. at Alex. Brown & Sous, Baltimore, Md.
1st M.Cit Ry.Lt.&Pow.) 1900
5g.M&N
675,000
May 1, 1940
$800,000 ($1,000), g.o* V Md. Trust Co., Baltimore, Trustee.
Guar. prin. and int.. ) Int. at Alex. Brown & Sons, Baltimore.
1901
March 1, 1941
5 g M-S $1,700,000
Gen Mort $4 000 000 ( Int
at Alex Brown & 8on8 Baltimore, Md.,
cold^*l 000 ««Bh\ « 1
goia ($i,oou eaon) c ^
or at Co s agency ln New Yo rk.
Bonds— The Maryland Trust Co., Baltimore, is trustee of both the
mortgages of the Newport News & Old Point Ry & Elect. The Newport
News bonds of 1H98 are subject to call at 110 on any interest day at 60
days' notice, and so are the bonds of the Citizens' Co. The latter are
guaranteed by the Newport News Ry. & Elect. Co. See V. 71, p. 84.
Of the $4,000,000 General Mortgage bonds, $1,700,000 have been
issued; $1,575,000 are reserved by ihe trustee to tafte up at maturity
the outstanding bonds of the Newport News & Old Point Ry. and
Citizens* Ry. Lt. & Power Co., and the remaining $725,000 are for additional property, improvements, etc
In addition to tbe mortgage
lien, bonds are secured by a deposit of the bonds and stocks of tlie
Citizens' Ry. Lt. <fe Power Co.. Newnort News Gas Co., Norfolk and
Atlantio Terminal Co. and Danville Ry. & Elect. Co.
,

&

t

-

-

'

,

i

Road.- Including

Citizens' Railway, Light

&

.

1 1

*

Power Co., operates 30

miles of track.

OFFICERS— Pres Wm. J. Payne, Richmond; Vice-Pres., George A.
Schmelz. Newport News; Sec'y, D. C. Zolllckoffer, Richmond; Treas.,
W. L. Schmelz; Gen. Man., W. W. Carr; Auditor, F. von Sohilling.—V.
77, p. 147.824.
,

|

field;

Supt.,

Edwin

C. Clark,

Northampton.— V.

70, p. 842, 1049.

NORTHAMPTON &1905. was proposed STREET
AMHERST consolidate
In

RY.—A trolley road.

Feb.,

to

lt

& Northampton St.

Ry. and the
St Ry., the Northampton Co. to increase
its stoofc to $490,000, and new stock to be given, share for share, for
that of the other two companies. Name of new company to be Connecticut Valley St. Ry.
ORGANIZATION— Incorporated in 1899. Commenced Jan. 22, 1900.
Maturity.
Interest. Outstand'g.
Date.
STOCK
BONDS—
8tock, $180,000. $100
$180,000
1st M., $180,000, gold,? 1900
180,000
Sept. 1, 1920
5 g. M&8
(81,000)
c s Int. at Old Colony Trust Co., Boston, Trustee.
Bonds —Subject to call after Sept. 1, 1910, at 105 on 4 weeks' notice.
Road Owns and operates 14-843 miles of track ( inoluding sidings),
from Northampton to Amherst andiHatfleld. Connects with Greenfield
Deerfleld
Turners Falls St. Ry.
Earnings— For year ending Sept. 30, 1904: Gross, $57,667; net,
$8,007; charges, $11,914; deficit, $3,937.
this road with the Greenfield Deerfleld

Greenfield

& Turner's Falls

&

—

&

NORTON, MASS.

NTORION & TAUNTON STREET
—Trolley.

RAILWAY

a consolidation of the Norton & Taunton Electric, the
Norton & Attleborough Street, the Mansfield & Norton Street, and the
Mansfield & Easton. Stock, $297,000. 1st mort. 5% gold bonds, $296,This

is

May 1, 1920.
Road— Owns 30 miles

000, due

of traok; gauge, 4 ft. 8*3 in.; 56 and 90 lb.
Operates 36 motor cars.
Earnings— For year ending Sept. 30,1904, gross, $48,864; def. from

T and

girder rails.

operation, $862; interest and taxes, $13,361; deficit, $17,223.
OFFICERS— President, Daniel Coolldge, Lorain, O.; Vice-President,
G. L. Wetherell, Boston; Treasurer, A. H. 8weet; Supt. and Purch.
Agent, R. W. Hewins, Norton.— V. 70, p. 1049.

NORWOOD, MASS.
NORFOLK & BRISTOL STREET RAILroad.
WAY—An
electric

Organization— Incorporated under Massachusetts laws In 1901, as
successor by purchase at foreclosure on Oct. 8, 1901, of the Norfolk
Southern Street Ry.

STOCK

&

BONDS—

Commenced operations Nov.
Date.

Rate.

15, 1901.
Outstanding.
Maturity.

Stock, $200,000 ($100)
$200,000
e g ° ld °*?
l8
'
1901
None Oct., 1904
($15ofo 6b,
Current liabilities Sept. 30, 1904.
$214,679
ROAD—Owns 21 miles of track, connecting Norwood, Mass., and
Mansfield, Mass., with two small branches; inoluding also extension
from Foxboro to Wrentham, Z^a miles. Owns 23 cars.
OFFICERS— President, E. D. Codman, Boston; Treas., H. F. Smith,
Boston; Managers, Stone <fe Webster, Boston Gen. Mgr., E. J. B. Huntoon, Canton Jot., Mass.— V. 73, p. 333, 723. 843, 1112, 1160.
;

OAKLAND, CAL.

OAKLAND TRACTION CONSOLIDATED-

Trolley.

Organization— Incorporated in California Hept 30, 1904, and is a
consolidation of the Oakland Transit Consol. and the Web«ter Street
Park Ry. See V. 79, p. 1462. The Oakland Transit- Consolidated
was a consolidation on Mar. 29, 1902, of the Oakland Transit and the
Oakland San Leandro & Hayward's Electric Railway Consolidated.
Controlled by " Realty Syndicate." Franchise expires Jau. 1, 1945.
Comprises practically all the street railways doing business in Oakland,
Alameda, Berkley and County of Alameda. On April 27, 1901, began
using power furnished by the Bay Counties Power Co., which power is
generated by the Yuba River and transmitted the 140 miles by copper
oables. Franchises average about 40 years from 1902.
Maturity.
intisiand'g.
Date. Interest,.
STOCK
BONDS—
Stock, $7,050,000, $100
$7,050,000
c
None.
Jan. 2. 1933
Gen. consolidated mort-) 1905
g. J-J
gage $7,000,000 gold } Int. at Wells Fargo & Co.. Bank. N. Y. A
($1,000)
o) San Fran.; Union Tr. Co., San Fran., trust.
1
$ 82
5 *• JJ a
UakUnd Tra nsi t Oon 1 1902 TrU8t Co San 1.326.000 July 1. 1932
iransit Con. >
Francisco, Trustee.

&

&

M

OakU^

;

Unlon

)

)

STREET RAILWAYS.

800
Oakland Transit

Co.

Date.
Outstanding. Maturity.
Interest.
STOCK & BONDS—
6 S JJ
$1,400,000 July 7, 1918
1st M Oak Tr $1 400 OOO ( 1898
1nterest in New York or at California Safe
I s.i.,
sud.
eau..o 1
g., ft not tnh to SSVft*
Co., trustee,

[Vol. l,xxx.

&

Interest.
'utatanding. Maturity
Date.
STOCK
BONDS—
1st exten. M., $130,000 > 1901
5 g. F-A
$130,000 Aug. 1, 1931
($1,000) gold
c* Vlnt'st at Fidelity Trust Co., Buffalo, trustee.
Cannot be called.
J Sinking fund of $2,0o0 commences in 1905.
2d extension mortgage, } 1901
5 g.F-A»j
25.0OO Aug. 15, 1931
$25,000 ($1,000) g..o* ? Int'st at Fidelity Trust Co., Buffalo, trustee.
Bonds can be called at any interest date on 30 days' notice.
Bonds Sinking fund on 1st mortgage of 1899 became operative in
Nov., 1901, $4,000 being paid annually; $16,000 had been paid to Nov.
the 1st mtge.
1, 1904. Bonds cannot be called. A sinki> g funa
extension bonds became operative Aug. 1, 1903; $4,000 has been paid
into the fund Feb. 1, 1905, $' ,000 per annum is payable as a sinning

Deposit & Trust
1901
5 % JJ
1.600,000 July 1, 1931
Trust Co., San Fran., trustee
«nnnnon7iinnmi J
$3,000,000 (*l,000),g..o S Mercantile
—
^ Int pay at N y., S. Fran, and Oakland.
Bonds— Of the $7,000,000 Oaklaud Traction Consol. mortgage. $4,826,000 are reserved to retire prior liens and remainder for extensions
and improvements. A sinking fund begins in 1906 which will retire
$4,0C0,t 00 bonds at maturity. Of the 1st consol. mortgage of 1902
of the Oakland Transit Consolidated, $3,500,000 are reserved for fund on the Shinglehouse RR. bonds.
prior liens and the balance ($1,654,000) was previously reserved
Latest Earnings— For year to Deo. 31:
for extensions and improvements, but shareholders voted on June 17,
Gross.
Charges.
Surplus.
Xel.
1904, to cancel this $1,654,000 bonds. See V. 78, p. 2385. A sinking 1904
$50,506
$108,055
$30,759
$18,747
fund for these bonds commenoes in 1903 and ranges from $10,000 to 1903
93,522
48,926
27,o37
21,289
$250,000 per year, which will retire at maturity $4,000,000 bonds.
ROAD— Owns and operates 30 miles of road, from Olean to PortBonds not subject to call, but may be purchased for sinking fund in ville, Allegany, Bolivar and Shinglehouse, Pa.
open market. See V. 75, p. 135 Of the $3.000,000 1st consol? Oakland
OFFICERS— Pres't & Treas .Wilson R. Page. Olean; Vice-Prest, W. E.
Trac, $1,400,000 reserved to retire underlying liens at maturity. A Wheeler, Portville; Sec, & Supt., Irving W. Miller, Olean— V. 73, p. 495.
finking fund commences on these bonds in 1912 which will retire or
provide for $2,000,000 of the bonds on or before maturity. Interest
RYon both consol. mtges. is payable at Wells, Fargo & Co. Bank in New
Organization.— Incorporated in New York on June 22, 1897.
York and San Francisco and at company's office in Oakland.
^

M

1st con s f

Oak Tran

(

.

m

OLEAN ROCK CITY &BRADFORD

Oakland San Leandro

STOCK

&

BONDS— Date.

Oak.San Leandro & Hay.
Ry.lstM.g. ($1,000.)..

23d Ave. Ry. 1st mort.,

<£

Haywards

Interest.

6g M-S

1892

)

STOCK

Electric Ry.

Maturity.
Outstanding
$250,000 Mar. 1, 1922

Interest is payable by check.

S
)

6g M-S 15

1893

$250,000 Mar.

1,

1923

Interest is payable by check.
is the California Title Ins. & Trust Co., San Fran.
Bonds— Both mortgages have sinking fund commencing ten years
after date and increasing from 2 per cent vearly (of total bonds outstanding) for the first five years to 8 per cent for last five years. The
bonds are not subject to call before maturity.
EARNINGS of combined properties for calendar year 1904: Gross,
$1,258,136; net, $598,875; charges, $318,550; surplus, $280,325.
ROAD— 160 miles of trolley, extending from Oakland to Alameda, Piedmont, Berkeley, Fruitvale, East Oakland, San Leandro and Haywards.
H. Martin;
OFFICERS— President, E. A. Heron; 1st Vice Pres ,
2d V. P. and Gen. Msr., F. C. Havens; Treas., Samuel J. Taylor; *ec,
F.W. Frost; Ass't. Sec, J. Q. Brown.—V. 79, p. 1462, 1704, 2748, 2797.

gold($l,000)
Mortgage trustee

>

W

OGDENSBURG, N. Y.
LAWRENCE GAS.ELECTRIC & TRANSPORTATION CO.
ST

Organization.— Tills company was incorporated in New Jersey
and controls, through ownership of stook, the Ogdonsburg Street By
Ogdensburg Gas Co. and the Ogdensburg Power & Light Co., and
guarantees both prin. and int. of the bonds of the former two. The collateral trust bonds were issued for the purpose of taking up the outstanding remainder of the shares and bonds of controlled companies.
Maturity.
Interest. Outstanding.
Dale.
STOCK & Bonds—
,

Stock, $400,000 ($100)
ColL tr. mtge., $400,000
c*
($1,000) gold

$1,000
400,000 July 12, 1920

1900

5 g. J-J
North Amer. Tr.
No sinking fund and bonds cannot be called.
)

Int. at

S

Co., N. Y., Trustee.

OFFICERS—Chester Snyder, President.
(1) OGDENSBURG STREET BY.— A trolley road. The St. Lawrence
Gas, Electric & Transportation Co. owns all of the stock and all of the
bonds ($150,000 of eajh) of the Ogdensburg Street Ry.
ROAD— Owns 10 miles of track, laid with 52 and 48 lb. T rails.

OIL CITY PA
POWER New Jersey and a consolidation
VENANOOIncorporated & TRACTION CO-

is
in
ORGANIZATION.
of all the eleotric railways in Venango County, Pa., viz., the Citizens'
Traction Co., Oil City Street Ry. Co., Oil City Rouseville J» Franklin
Power Co., Franklin Electric Ry. and Station
Ry., Citizens' Light
Ry. Co. Furnishes lights to the towns along its line.

&

STOCK

&

Bonds—

Date

Interest.

Outsiand'g.

Maturity

Stock, $1,000,000 ($100)
$1,000,000
1,000,000 July 1. 1931
1st mortgage, $1,000,000,) 1901 5 g. J.-J.
Colonial Trust Co.. N. Y., Trustee.
gold ($1,000)
Int. at
o* i
Bonds.— All bonds and stook of constituent companies are pledged.
Bonds are subject to call on any interest date prioi to 1911 on 30 days
notice at 115 and int. and thereafter at 105 and int. V. 74, p. 1253.
Earnings— For year ending June 30, 1904, were: Gross, $236,839,
againfct $223,94o in 1903.
ROAD— Operates 32 miles of track in and between Oil City, Franklin,
Rouseville, Reno, Sage Run and Silverly Boro. 65-lb and 70-lb T and
girder rail. Owns Monarch Park. Has 54 passenger, 9 oonstruct'n cars.
OFFICERS— President and Manager, Daniel J. Geary; Vice President,
Wm. Hasson; Secretary and Treasurer, Wm. B. Filson.— V. 76, p. 267

OKLAHOMARY. CO.-A
CITY, OKLA.

OKLAHOMA CITY
Incorporated

trolley road.

in Oklahoma in 1904, and was sucOrganization cessor on June 13, 1904, to the Metropolitan Ry. Co. City franchise
perpetual, ana exclusive on streets occupied.
Date.
Interest.
Outstanding.
Maturity
STCCK & Bonds—
Stock $i,c00.000, $100
$1,000,000
1st M., $1,000,000, g.,> 1904
5g JJ
350,000 July 1, 1934
($1,000)

o'

$

Int. at

Iron City Tr. Co., Pittsburgh, Trustee.

Bonds.— $650,000 are reserved for future exten-ions and improvements at 90 per cent of value, and issuable only when net earnings
are double interest charges, including interest, on bonds to be issued.
Are subject to call in any amount at 110 and interest ou and after
July

See V. 79, p. 213.
Earnings- For 12 months ending May 31. 1904, net, $33,605.
ROAD— Operates 11 miles of track in Oklahoma City and suburbs
and has 4 miles additional under construction.
Pres.,Chas. W. Ford; Sec, H. M. Brauer; Treas., G. H. Brauer.— V.
1,

1914.

&

BONDS—

trolley road.

ORGANIZATION—Chartered March 1, 1880. In January, 1899, the
management took charge. Leases the Shinglehouse RR.
Dale.
Interest. Outstand'g.
Maturity.
STOCK & BONDS—

Stock, $300,000 ($100)
$300,000
Shinglehouse RR.lstM,> 1903
5 g. F-A
60,000
Feb 1, 1933
gold ($1,000)
o J Interest at First National Bank, Oiean.
1st mortgage, $225,000, J 1899
5 g. M-N
225,000 Nov. 1, 1929
o* Interest at Fidelity Trust Co., Buffalo/Trust.
($1,000), gold
2d mortgage, $60,000,51899
5g.M-N
53,500 Nov. 1, 1914
o* t Interest at Fidelity Trust Co., Buffalo/Trust.
($1,000), gold

OutstanoVq.

Maturity.

$210,000
200,000

Dividends.— In 1902-03, 4 per cent. None since.
fiscal year ending June 30, 1904
Gross $53,548;
net, $9,248; other income, $10,397; charges, $13,420; surplus, $6,225.
Road—Operates 18 86 miles of track, connecting points named in
the title; 45 to 60 lb. T rails. Operates 8 cars.
OFFICERS Pres., H. L. Pieroe, Leominster, Mass.; 8ec. ana Treas., C.
E. Hudson, Bradford; Supt, J. W. Barnes. Office at Bradford, Pa.

Earnings— For

-

OMAHA, NEB.

OMAHA & COUNCIL BLUFFS STREET RY.
—A
trolley road.

Organization.— Incorporated in Nebraska. Owns
erated by Omaha Street Ry. Co.: leases the Omaha

lines formerly opCouuoil Bluffs

&

Ry. & Bridge Co. in Council Bluffs, Iowa, until 1947, tosether with Its
bridge over Missouri River, rental being for 190304 $30,000;
1904-05, $45,000; 1905-06, $45,000; 1906-07 and thereafter $60,000
per annum, in addition to all fixed charges.
Date.
Interest.
Outstanding.
Maturity.
STOCK
BONDS—
Com. .$10,000,000, $100
.
$5,000,000
Pf.5% cum.,fromJan.l,)
a nnn nnn
4,000,000
'04, $5,000,000, $100. {
Om. St. Ry. 1st consol. ) 1889 5g. M.-N. $2,500,000
May 1, 1914
M., $2,500,000, gold. \ Interest at Farmers' Loan & TrustCo., N. Y.

&

°™ &
on

m ^loVwboO

g?<$l,06b)

Stock

no

&

s

I

c* 5

1I'

7 902
5 ^- J J
4,850,000 Jan. 1, 1928
Int at Morton Tru8t Co -> s Y., Trustee.
-

>

Bonds— $5,000,000 common and

$1,000,000 preferred

stook are set aside for additions and improvements.

Of the new

$10,000,000 mortgage, $2,500,000 is reserved to retire a like amount
of Omaha Street Ry. bonds. Remainder reserved for extensions and
improvem'ts at 85% of cost. The $10,000,000 consol. bonds are further
secured by deposit of $900,000 of the Omaha* Counoil Bluffs Ry. &
Bridge Co. first consol. 5s. V. 79, p. 2086.
Earnings— For calendar year 1903: Gross, $1,440,133; net, $713,314; taxes and rentals, $140,165; other income, $7,599; interest,
$338,346; surplus, $2*2,402.
ROAD-— Owns 94*98 miles of track, being all the street railways In
Omaha and South Omaha, Florence, Beusjn and Dundee, Neb. Also
by lease or stock control receives the earnings of all street railways
in Counoil Bluffs, la. (31-97 miles), including the Omaha & Council
Bluffs bridge, making total operatel or controlled 126*95 miles.
OFFICERS— Pres., Guy C. Barton; 1st Vice-Pres., G. W. Wattles; 2d
Vice- Pres., M. S. Hopkins; Sec, R. A. Leussler; Treas. and Gen. Man.,
W. A. Smith; Supt. and Puroh. Agent, F. A. Tuoker.— V. 79, p. 2086.

OMAHA & COUNCIL BLUFFS RAILWAY & BRIDGE—

(1)

in Iowa. An electric road. Is leased
to the Omaha & Council Bluffs Street Ry. For terms of lease see statement of the latter above. Owns entire capital stock of the om. Council
Bluffs & Suburban Ry. and the Lake Manawa & Manhattan Beacn Ry.
The $600,000 mortgage of the former company made to the Royal Trust
Co. of Chicago and Albert E. Johnson, as trustees, is all held by the
Bridge Co. Lake Manawa Manhattan Beach has no funded debt.
Ry.
Maturity.
Date.
Interest.
Outstanding,
Bonds—
Stock

Organization— Incorporated

&

&

&

Common, $1,500,000

$1,500,000
1,500,000
$
400,000 Jan. 1, 1908
1888.
6gJ-J
1st mort. (see below) )
gold,$l,000,sinking Subject to call at 110 in 1899.
c*; Int. at Mercantile Trust Co.(trustee), N.Y. City,
fund, $500,000...
Jan. 1, 1928
See text
1902
5 J-J
lstoonsol.M. $2,000,0*5 Int. at Central Trust Co., N. Y., Trustee.
000 ($1,000)
Bonds guaranteed-^
July 1, 1909
$250,000
5 g J-J
Council Bluffs St. Ry. 1 1889.
lstM.$250,000gold [Subject to call at 106 In 1899.
$1,000 guar. p. & i. ("Interest at Mercantile Trust Co., trustee, Ne*w
..

Pf.,4%oum. from Feb.
1, '07, $1,500,000 ..

]

I

York City.
and Bonds—Of the new 1st consolmort.for$2,000,000, $900,000

(end. ) sinking f undo*

Stocks

J

are deposited as part security for the bonds of the Omaha & Counoil
Bluffs St. Ry., $650,000 are reserved lor prior liens and $450,000 for
improvements, of which latter none had been issued upj to Feb., 1905.
Tte $100,000 first fes unissued are deposited as security for the O. &
Bridge consol. 5s, as also are $600,000 bonds of the Omaha
C. B. Ry.
Council Bluffs & Suburban Ry. The sinking fund on the first 6s was
$20,000 yearly till Jan. 1, 1899, and thereafter $30,000.
ROAD— Operates 31 97 miles of track, including the traofeage of the
Omaha Council Bluffs Suburban Railway and the Lake Manawa &
Manhattan Beach Ry., comprising the entire streot railways of CounAlso owns bridge between Omaha and Counoil Bluffs over
cil Bluffs.
the Missouri Ri\ er.
^_
Officers— President, J. H. Millard; Vice-President, Geo. F. Wright;
Sec, C. T. Stewart Treas., E. E. Hart.- V. 77, p. 37.

&

-

&

;

ONEONTA,

present

(.

Interest.

1902-03,4%
1900 5g.M-N/y
May 15, 1920
>
gold
s Interest at Amer. Loan & Trust, Boston
Notes payable June 30. 1904
$40,891

79, p. 213.

OLEAN, N. Y.
THE OLEAN STREET RY--A

Date.

Stock, $210,000 ($100)
1st mortgage, $200,000,

N. Y.

ONEONTA COOPERSTOWN & RICHFIELD
road.
SPRINGS RY-— A
trolley

1903, Herbert T. Jennings was appointed reoeiver 1n sequestration proceedings and Is still in charge. V. 77, p. 37. In March,
1904, Myron A. McKee was appointed co receiver. V. 78, p. 1168.
Organization - Incorporated in N.Y. Originally chartered on July
Otego Valley RR., but name changed to the
30, 1897, as the Oneonta
above on Deo. 10, 1900.
Maturity.
Outstanding.
Date.
Interest.
BONDS—
STOCK
$1,464,000
Stock, $1,500,000 ($100)
May rvAV«
1. 1948
5 g. M-N
1,364,000
New IstM,, $1,500,000*1902
N.Y., Trustee.
Int. at Knickerbocker Tr. Co.,
o* S
gold ($1,000),

On July

4,

&

&

STREET RAILWAYS.

Feb., 1905.
|

Bond*- Of the $1,500,000 bonds, $750,000 was lined to retire the old
mortgage bonds of like amount. Can be called any interest date
at 107*3 and interest. Sinking fund begins on May 1, 190> and consists of 1% of total of bonds outstanding, la cash or bonds at par. See
V. 76, p. 356, for sale of bonds at auction.
Road.—Operates 68 miles of track between Oneonta, Cooperstown.
RiobnVld Springs and Mobawk, at wh'ch latter point It connects -with
the Utioa & MohawK Val. Ry. for Utlca. Rails, 60 to 90 lbs 37 oars
OFFICERS— President, Edward C. While; Secretary, Chas. V. D. Peek;
Treasurer, Herbert T. Jennings. 206 Broadway, New York.— V. 74, p.
988; V. 76, p. 1356; V. 77, p 37; V. 78. p. 1168.
first

;

OSHKOSH, WIS.

WINNEBAGO TRACTION
ORQANiZATlONi ETC.—This

CO.-A trolley road.

a reorganization in 1900 oftheClti
jens' Traction Co. Incorporated under the laws of Wisconsin.
Population served (estimated) 1900, 50,000. Franchises run to 1932.
is

-

&

Date. Interest. Outstand'g. Maturity.
BONDS
STOCK
Stock, $650,000
$650,000
1900 5g. A-O 629,000 Apr. 1, 1930
1st mortgage, $900,000, J
gold, $1,000.
o^ (Trust Co. of America, N. Y., trustee.
Bonds—$271,000 are reserved for future purposes. Bonds are re
deemable at 110 and accrued interest, upon six weeks notice.

LATEST Earnings— For year ending Dec.

31, 1904, $133,600;

in

1903, gross, $128,297.
Road— Owns 38 miles of road, 15 miles in Oshkosh, 15 miles of inter
urban road running to Neenah and Menasha. and 8 miles to Omro
Officers-— Pres., M. R. MoAdoo, New York; Vice-Pies., R. H. Hackett; Sec A. H. Ostrom, New York; Treas., S. M. Rothermel; Gen. Man.,
E. B. KJrk.-V. 74, p. 885, V. 79. p. 2458.

street railway, eleotrio lighting and steam heating plants were extended by municipal election on July 8, 1901, for a period of 25 years.

STOCK & BONDS—
Common, $550,000

WESTCHESTER TRACTION.-A

trolley road.

Organization—This company, merger on Feb. 17, 1902, absorbed
the Ossining Electric Ry., wnlch was chartered June 7, 1893.
Outstand'g. Maturity.
Date.
Interest.
Stock and Bonds—
Stock, $1,500,000 (*100)
$300,000
1st mort., $1,500,000, g. ) 1902
5g. A-O
See text. Apr. 1, 1932
o&r S N. Y. Security & Trust Co., N. Y., Trustee.
($1,000).
Bonds.— Ot the 1st mortgage bonds, $206,000 are in hands of public,

$394,000 are held by the Construction Co. and $900,000 are reserved

Maturity.

W

OWENSBORO, KY.

OWENSBORO CITY RAILROAD-A
road changed hands
July, 1904.
Control

trolley road.

V. 79, p. 270.

in

of this

Organization—Chartered in 1886. Franchise runs till 1936 and
gives exclusive rights to operate street railway in said city.
Miles. Date. Interest. Outstand'g
Maturity.
STOCK
BONDS—

&

8took,$50,000(par$50)
New mtge., $200,000, g.,

&

<

....

$50,000f.p
1902 5g.J-J 160,000 Jan. 1,1932

c
r I Interest at Louisville Tr. Co., trustee.
are not subject to call.
Road—Owns 9 miles of trolley t' aok in Owensboro and suburbs.
All new 40 and 561b. rail; 15 motor oars, double G. E. 800; 5 trailer*.
OFFICERS—Pres., John G. Delker; Sec, J. H. Parish; Treas., J. W
McCullouch.—V. 79, p. 270

($1,000)

Bonds— Bonds

OWOSSO, MICH.

Road— Owns about

3 miles of road and power house in Ossining.
proposed to various places In the county.
Officers— Precident, J. M. Cronly, New York; Vice-Pres.. C. E. Lent,

Outstanding.

Interest.

mercial and resilience elec trie- lighting ; supplies electric power for
stationary motors, etc., and operates a system of steam heating, with
3^2 miles of mains.
Officers— President, J. H. Merrill; 1st Vice-Pres., G. W. Wattles.
Omaha; 2d Vice-Pres., Samuel Mahon; Sec, J. B. Sax; Treas.. J.
Garner; Gen. Man., J. F. Springfield.— V. 74, p. 95; V. 78, p. 584.

for extensions.

50 miles in

Date.

See text.
$340,000
Pref., $200,000 5% non-ou
5
Sev text.
200,000
1901 5 g. A-O
1st mort. $500,000 ($1,000))
940,000 Oct. 1, 1921
Int. at U. S. Mort.&Tr. Co., N. Y., Trustee.
gold, s. f
o* S
Bonds— Ot the authorized issue of $500,000, $160,000 are reserved
for extensions and betterments to the extent of 75 p. c. of cost, provided net earnings for year preceding equal double the amount of interest on old and proposed bonds. But at least $75,000 must first be
expended on property, can be called after Oct. 1, 1911, at 105 and interest and each year thereafter at *« P- o. less. Bonds numbered 1 to 20
may lie redeemed at 105 and Int. after Oct. 1, 1907. V. 74, p. 95.
Sinking fund of $5,000 bonds annually is operative from 1907 to
1909, and $8,000 bonds annually from 1910 to 1920. Proportionate
s. f. is provided for the $160,000 reserved bonds as they are issued.
Dividends -Is paying 5 p. c per annum on preferred stock and 3
p. c. per annum on commo a stock.
Earnings— Year to Sept. 30, 1904, gross, $173,170, net. $64,510.
Road—Operates ll^ miles of trolley road in city of Ottumwa, Iowa.
Weight of rails, 60-lb. TV Standard guage. Also does municipal, com-

f

OSSINING, N. Y.

801

OWOSSO & CORUNNA ELECTRIC CO--

all

p. 867.

Organization— A consolidation on March 14, 1899, of the Owosso &
Corunna Tract. Co. and the Caledonia Electric Light & Power Co.

Incorporated at Albany June 1, 1899, as euccespor
to the Oswego Street Railway and the Lake Ontario & Riverside, sold
at foreclosure April 10, 1899, according to plan in V. 65. p. 278, but
not formally turned over to the new company until Feb. 1, 1900.
Charter perpetual.

Maturity.
Date.
Interest. Outstand'g.
BONDS—
STOCK
Stock, $150,000 ($100)
$150,000
1924
5 g. J-J
120,000
1st mort., $120,000, gold)
c5 Fidelity Trust Co., Philadelphia, trustee.
($1,000)
Road— Operates a 5-mile road between Owosso and Corunna; also does
eleotric lighting business and has contract with the oity of Owosso for
lighting until August, 1909.
Treas., J. Traoey
Officers— Pres.. <*. H. Stephenson. Phila Sec.

Phila.; Sec'y

and

Treas., J. J.

OSWEGO
Organization

Eshelman, Philadelphia. -V. 76,

OSWEGO,

&

N. Y.

TRACTION.-Trolley.

-

STOCK AND BONDS—
com .$200,000 ($100)

Date. Interest.

Outstand'g.

Stock,

,

•harges, $13,767; surplus, $>03.
8.

M. Coon; Vice Pres., Charles A. Tanner; Treas.
A.WUllams-all of pswego.-V.75, p.1355

P. Doyle; See., Dan'l

OTTAWA,

ILL.

VALLEY RAILWAY
ORGANIZATION— Was formerly known as the

ILLINOIS

PADUCAH, KY.

.

4

M

OFFICERS-Pres.,

CO.-Trolley.

Illinois Valley Trattion

Company, but was eucceeded by the Illinois Valley Railway Company,
a new corporation. In 1904. The latter is organized under the
steam railroad law, and has power of condemning property for right
of way. The Railway Co. expects to create a new bond issue in
exchange for the issue of Traction Co. bonds given below. On May 1,
1903, the Illinois Valley Traction had acquired the Ottawa Marseilles

PADUCAH CITY RY.-A

STOCK

&

BONDS—

Date.

Interest. Outstand'g.

$100,000
J

1903

5g.M-N See

text.

Maturity.

May

1,1923

J Portland Tr. Co., Portland, Me., trustee.
are In the hands of the public and $550,000
Issued as collateral for loans. Are subject to call at 105 on any Interest

Bonds—$450,000 bonds

date.

Road— In

operation

La

Salle to Ladd, 11-9 m.; in
m.; Marseilles to Utioa, 16-72 m.— total, 32 42 miles.

between Utica and La

Salle,

4 24

La

Salle City, 3*8
Connecting link
m., Is completed, with exception of

mile in La Salle.
OFFICERS -President, W. B. MoKlnley, Champaign, 111.; Vice Pres.,
Geo. F. 1) ncan, Portland, Me.; Sec'y. & Treas., Edward Woodman,
Portland, Me.— V. 76, p. 1192.

one-t>alf

NORTHERN ILLINOIS LIGHT & TRACTION CO.— A trolley road.
Organization— Incorporated

in Illinois and Is successor 1nJ.;ly
Ottawa Railway, Light & Power Co., sold under foreclosFranchise perpetual for lighting and until Mar 1924, for railway.

1903, to the
ure.

Has contract for city
Stock & BONDS—

,

189 a of the entire street railway and electric-lighting plants of PaduWas granted a new franchise running until Aug. 1, 1922.
Date. Interest. Outstanding. Maturity.
STOCK
BONDS—
Stock, *300,000, $50
$300,000
Pad. st. Ry. mortgage
1890 6
100,000
1920
Pad. St. Ry. mortgage
1893 6
100,000
1923
Peop L't <& Power mort
1898 6
100,000
1918
Paducah City Ry. M., $1,->1902 5g.J.-J
325.000
May 21/32
000,000,g.,($500-$l,000)c* \ Int. at N.Y.Securlty &Tr. Co.,N.Y.,Trus.
Bonds— Ot the $1,000,000 Pad. Oity Ry. issue, $300,000 reserved to
take up the prior bonds.
ROAD— 15 miles of single track; 3 miles additional to be built.
EARNINGS -Gross for 1902 were $123,828; in 1901, $117,161.
Officers- -President, Geo. C. Thompson, Paducah; Vice-Pres., Geo.
C. Wallace, Paduoah; Sec. and Treas., A. L. Rich, Cincinnati, O.: Supt..
A. 8. Thompson, Paducah. V. 74, p 1140; V. 75, p. 135.
in

oah.

&

PALMER, MASS.

SPRINGFIELD & EASTERN

ST. RY.-Trolley.
Organization—This company was formerly the Palmer & Monson
St. Ry., but In May, 1901, name was changed as above.
Is controlled
by the A. M. Young syndicate.
Date. Interest. Outstand'g.
Maturity.
STOCK & BONDS—
Stock, $370,000 ($100)

$370,000

mortgage, $330,000, \ 1902 5g. J.-J.
330,000
Jan. 1, 1922
gold ($1,000)
c* STnt. at Hampden Tr. Co., Sprtngtleld, Trus.
Loans payable, Sept 30, 1904, $39,000.
Bonds.— Are subject to call after Jan. 1, 1907, at 110; after Jan, 1,
1912, at IO712, and after Jan. 1, 1917. at 105.
Earnings—For year ending Sept. 30, 1904. gross, $110,440; net,
after interest and taxes, $3,677.
Road— Fifteen miles from Monson through Palmer to Ware, and 5
miles from Palmer to Bondsville and Three Rivers; also an extension
of 9*3 miles from Palmer to Ludlow; total 29^ miles. Extension from
Ludlow to Springfield (7 miles) contemplated.
OFFICERS— President, Chas. F. Grosvenor, Vice-Pres.. E G. Hastings; Treasurer and Gen. Mgr., A. J. Purinton. V. 74, p. 630, 1356.
1st

lighting.

Date.

Interest.

Outstand'g.

$250,000
„.
) 1903
5 g. J-J
250,000 July 1, 1923
gold ($500 & $1 000). o- \ Int. at Am. Loan & Tr. Co., Boston, Trus.
Bonds. -No sinking fund and bonds cannot be called.
Road and Plant— Operates about 8 miles of line, covering the principal streets of Ottawa, and also runs out of the city to Ellis Park, a
pleasure resort on the Illinois River. Also has extensions from Ottawa
to Chautauqua Park. Equipment, 11 motor and 7 trail cars. Has both
steam and water power plants for generating power, which can be
operated independently if necessary. Is supplying 150 enclosed arc
lights under city contract and 87 for commercial lighting. Also 9,322
incandescent lights and one 200-k. w. and one 300-k. w. alternator for

street lighting.

OFFICERS-— President, E. W. Rollins, Boston; Vice-Pres., G. H. TaySecretary and Treas.. J. S. Pishon; General Man., Louis W. Hess,

lor;

m.— v. 76, p. 436. 1144, 1192;

PARIS*TEXAS.

Maturity.

Stock. $250,000 ($100)
let mortgage, $1,20",000,

Ottawa,

trolley road.

Organization—Incorporated in Kentucky on May 21, 1902, as a
succcessor to the Paduoah Ry. & Light Co., which was a consolidation

& Morris River Ry.

Stock, $100,000 ($100)
LY.Trac. 1st M., $1,000,000,
gold, $1,000

&

Manager, Lawrence Manning, Owosso.

Maturity.

$200,000
......
100,000
1899 5g. J-D
97,000 June 1, 1929
$1,000
i Trustee, Knickerbocker Tr. Co.,N. Y.
3 M-8 $191, 000 June 1, 1929
2dmt«re «»nn ooo it*nn\
mtge., $.00,000 <f500)... $ 1899
£ Knickerbocker Trust Co
trustee.
1
Road— ll * miles of track. Rails, 45 to 109 lb. standard gauge
Operates 26 cars
Earnings Year ending Juno 30, 1904, gross, $47,178; net, $13,970;
Pref. ,$100,000, non.cu .($100)
1st mortgage,$100,000, gold, i

James

;

Eustis, Boston;

PARIS TRANSIT CO -A trolley road.
In the same Interest as the Paris Light
Franchise runs for 50 years from April 27, 1901.
Date.
Interest.
Maturity.
Outstanding.
STOCK & BONDS—
Stock, *100,000
$100,000
mort., $100,000 > 1902
1st
5 g. J-D
June 1,1932
100,000
gold ($1,000) c*
Int. at Commonwealth Trust Co., 8t. Louis.
$
Bonds-Are subject to oall on and after June 1, 1912, at 105 and Interest on any Interest day on 30 days notice.
Earnings for the year 1901: Gross, $34,781; net, $12,650; interest,

Organization.— Is controlled

& Power Co.

$5,000; balance, $7,650.
Road- Operates 5>a miles of track; 56 lb. rail; 8 oars.
Officers. -President, T. W. Crouch; Vlce-Prest. & Oen. Mgr., John
A. Porter; Sec, H. L. Baker.— V. 75, p. 185; V. 78, p. 1393.

V. 77, p. 251.

PARKERSBURG, W. INTERUROTTUMWA, IOWA.iCO.-Trolley. PARKERSBURG MARIETTA & VA.
OTTUMWA TRACTION & LIGHT
BAN RY.-A
trolley road.

Organization— Is successor to the Ottumwa Eleotric & Steam, which

in turn succeeded

the

Ottumwa

Eleotrio Ry.

Co.

Franchises for

Organization.— Consolidation of the ParkersburgAInterurban Ry.
the Parkersburg Gas, Elec Lt. & St. Ry. Co. and the Marietta Elec. Co.

.

;

STREET RAILWAYS.

802
Stock

&

Bonds—

Stock, $450,000
1st morteage, gold..

Dxte.

Interest.

Outstand'g.

1898
1902

5

PEEKSKILL,

N. Y.

PEEKSKILL LIGHTING & Re-

organization— Incorporated as the Peekskill Lighting Co on July
12, 1900; subsequently purchased the Peekskill Gas Light Co. and

PeekskillElectrio Lieht & Power Co. Name changed as above upon
purchase of the Peekskill Traction on Aug. 31, lyOO. Comprises all
the gas. electrio light, power and street railway interests of Peekskill.
Franchises of electric-light plants and railways are perpetual. Gas
franchises liberal. On Feb. 9, 1904, the issue of $150,000 6 p. c. pref.
stock was authorized, of whioh $90,000 has been sold.
Maturity.
Interest. Outstand'g.
Date.
STOCK
BONDS—
$350,000
Com.. $500,000 ($100)

&

90,000
Oct. 1, 1930
5 g. A-O
575,000
($1,000) gold, 8.F...C* I Int. at N. Y. Sec. & Trust Co., N. Y., Trustee.
$60,000
Loanspayable June 30, 1904
Bonds— Whole issue (but no fractional part) can be redeemed on any
interest date at 110 and interest after Oct. 1, 1905. Sinking fund is
provided at the rate of $10 80 per bond outstanding, beginning Oct.,
1903. The remaining $175,000 can only be issued for extensions, etc.,
at 75 p c. of actual cost, ant only when net earnings of the previous
twelve months are equal to at least twice the interest on the outstanding bonds and the proposed issue. See V. 71, p. 9 13.
Net. Int. & sink fd. Surplus.
REPORT—YeartoJnne30: Oross.
$9,448
1903-4
$34,960
$110,735 $44,408
10,106
1902 3 ...
106,188
43.518
33,412
1901-2
30,403
86,795
Road— Owns and operates 11 miles of track in Peekskill and to Lake
Mohegan and Verplanck's Point, withbranch to State Camp.
OFFICERS— Pres. & Gen. Mgr., B. B. Nostrand Jr.. Peekskill; Seo.,
Alfred Ely, 31 Nassau St., N. Y. City Treas., H. Hobart Porter, 52
William St., N. Y. City; General Office, Peekskill, N. Y. V. 78, p. 1962.
Pref.,$150,000.6%,cum
1st mtge., $750,000 t 1900

;

PEORIA, ILL.
RAILWAY.-A Heights Ry.
CENTRAL the Peoria & Prospecttrolley road.
In 1904 acquired
&

Interest.
Outstand'g.
Maturity.
Date.
STOCK
BONDS—
Stock, $1,050,000, $100
$1,050,000
5g.A&0
500,000 Apr.1,1915
1st M., $750,000, gold, ) 1895
c* $ Interest at N.Y. Security &Tr.Co.,N.Y.,trustee.
($1,000)
Road— Owns 67 miles of track in and around Peoria.
OFFICERS— Pres., Walter Barker; Vice-Pres., Sam'l Woolner Jr.; Sec,
J. N. Ward; Treas., H. J. Woodward; Gen. Mgr., J. Finley. V.76, p.918.

PEORIA &
WAY.— Bteam and PEKIN TERMINAL RAILelectricity.

Illinois as Peoria & Pek in Traction
1897, to build and operate a terminal system in and between
Peoria andPekin. Leases from Chic. R. I. & Pao. the Peoria Terminal
RR. for 50 years from December, 1897. In May, 1899, name changed
to Peoria <fe Pekin Terminal Railway. Private ri.ht of way between
Peoria and Pekin, 8 miles.
Interest. Outstand'g. Maturity.
Date.
Stock
BONDS—
Stock, $700,000 (par $100)
$600,000
190 °
700,000 See text
5g. J-J
lsrM $700 000eold
e* (
g
«i
i Int. at U. S. Mort. & Trust Co., N. Y., also
eacn D »
* 1 nnn WiniV 8 'f
/
at Royal Trust Co., Chicago, trustee.
Bonds—$550,000 of the bonds are due Jan. 1, 1930, and remainder
In varying amounts yearly (to be retired through the operation of a
sinking fund) from Jan. 1 1905 to 1929, inclusive. V. 70, p. 946.
Earning?.— For the fiscal year ending June SO, 1904, gross, $210,722; net, $78,175; interest, $34,700; surplus, $43,475.
Road— Comprises 21 miles of line and 29*s miles of track. Has
rights over five miles of local street railway in Peoria with privilege
of transferring over 46 miles additional. Freight and through passenger business handled by steam. Local passenger business in and
between Peoria, Pekin and Crescent by electricity. Has union depots
inboth Peoria and Pekin. Passenger equipment, 5 combination motor
and 5 trail car?. Freight equipment, 68 cars and 3 locomotives. Track
laid with 70-lb. Trails

Organization— Incorporated in
5,

&

>

wv

>

TREASURER'S REPORT FOR 12 MONTHS ENDING JUNE 30.

Maturity.

1904.

-

,

T. J. Miller, Peoria; Vice-Pres., B. Warren Jr.,
Peoria; Treas., P. L. Saltonstall, Boston; Traffic Mgr., G. W. Talbot
Ass't Supt., E. A. Bunrill, both of Peoria.— V. 79, p. 2206.

OFFICERS— Pres.,

PHILADELPHIA, PA.

AMERICAN RAILWAYS CO- incorporated under
Organ'ZATION— The American Railways Co. was

laws of New Jersey in 1900 as a consolidation of the former American
Railways Company and the United States Eleotric Ry. & Light Co.,
which latter had only $1,000 of outstanding stock. Stock and coll.
trust bonds are listed on the Philadelphia Stock Exchange.

&

Date. Interest. Outstanding.
STOCK
Maturity.
BONDS—
Com.stk.($50),$25,000,000
Q-M $3,915,500 Mar.l5,'05,li2%
Col lat. Trust $2,500,000, 1 1901 5 g. J-D 2,435/00
Deo. 1, 1911
g.conv.($500&$l,000 c* \ Int.at;Provident Life & Tr.Co., Phila., Trus
Bills payable June 30, 1904
$1,104,291
Bonds.— The new collateral trust bODds are redeemable at 105 and accrued Interest after Nov. 1, 1904, and were convertible into stook at par
at option of holder at any time before thatdate. See V. 73, p. 1158; V.
74, p, 935. $64,500 were so converted The collateral for the bonds
consists of $1,050,000 stock (out of $1,100,000 issued) of the People's
Ry. of Dayton; $1,600,000 first consol. os of the Chicago & Joliet Elec.
trie Ry. and $500,000 first mortgage 6s of the Springfield (O.) Ry.
CONTROLLED.—The following is a list of the securities owned by
the American Railways Co. Feb. 1, 1905:
Owned by
Bock
Outstanding.
Valve
A R. Oo.
Altoona & Logan Valley stock
$1,500,000 $1,500,000 $403,750
Bridge ton Electric Co. stock
25,000
25,000
17.270
Bridgeton <fe Millville (N. J.) Traction
Co., stock
200,000
200,000
159,364
*£ef ., |00,000 )
Chicago Union Traction Co., stock. ..
146(25 o
|

*Du Page Construction

" 9,5,000
Co., stook
25,000
25,000
Franklin Real Estate Co. stock
10,000
10,000
10,000
People's Ry. of Dayton, O., stock
1,100,000 1,100,000 1,334,228
8pringfleld Light & Power Co., stock. 200,000
200,000
192,111
(IstM. 6s.. 500,000
500,000
500,000
Springfield, O., Ry. Co... -^Income 5s. 100,000
99,792
79,829
(Stock
1,000.000
994,400
60,000
Franklin Real Estate Co., stock
10,000
10,000
10,000
* The Du Page Construction Co. owns all the stock
($2,300,000) and
all the bonds ($1,600,000) of the Chicago & Joliet Electric Railway,
and all the stock ($1,100,000) and all the bonds ($1,000,000) of the
>Chloago & Desplaines Valley Electric Railway.

Gross income, all sources
Total deductions from income

1903.

1902.

$443,196
172,733

(1)

1938
$150,000
1942
450,000
C'onsol. mtge
Road.— Operates 41 miles of track, including an extension of 12
miles to Marietta. Uses bridge of the Ohio River Bridge & Ferry Co.
between Marietta, Ohio, and Williamstown, W. Va. See V. 77, p. 1747.
OFFICERS.— President, C. H. Shattuok.— V. 77, p. 1747.

Aug.

[Vol. lxxx.

$423,028
148.336

$370,384
67,653

$274,692
$302,731
$270,463
(6%)234,180(6%)223,775(4%)178,178

Netinoome...
Dividends
Surplus

$36,283

$124,553

$50,917

DIVIDENDS— First div. on Am. Rys. Co. stook 1 p. c Dec, 1900: and regular Quarterly payments sinoetb.fn.lbut rate Increased to lv, p.c. Dec,
1901, and then to 1>« p. o. Dec. 1902, which rate has been continued up to and incuding Mar.. 1905.
Controlled Companies of the American Rys. Co. For year ending
June 30, 1904, the companies controlled earned combined: Gross,
$1,406,965.
ROAD.—Total track of all properties, 217*1 miles; cars, 348. Also
owns 182 acres of land for parks in Altoona, Dayton, Springfield and
Bridgeton.
OFFICERS of American Railways Co.: President, J. J. Sullivan 1st
Vice-Pres., W. F. Harrity; 2d Vice President, C. L. 8. Tingley; 8ec and
Treas., Walter W. Perkins Ass't Sec, Treas. and Comptroller, Frank
J. Pryor Jr. Counsel, Silas W. Pettit; Gen. Man., H. J. Crowley. General offices, 904 to 913 Witherspoon Bldg., 1321 Walnut St., Philadelphia.— V. 79, p. 680, 1022; V. 80, p. 649.
;

;

(1)

BRIDGETON & MILLVILLE TRACTION.—Trolley.
in New Jersey as successor May

Organization—Chartered

3, 1897,
South Jersey Traction Co., sold in foreclosure. Company owns
two toll roads besides the trolley road. Franchise perpetual.

to the

&

Maturity.
Date.
Interest. Outstanding.
BONDSSTOCK
See text.
Stock, $200,000 ($50)
$200,000
Jan. 1. 1930
500,000
1st M., $500,000. gold, ( 1900
5 g. J-J
guar. ($1,000 & $500) 1 Int. at Equitable Trust Co., Philadelphia,
(cannot be called) .*o. ( Trustee.
Bonds— For form of guaranty by American Railways Co. see V. 71, p.
491. The bonds wero listed on the Phila. Stock Exchange in Feb., 1901.
The following are deposited as security under the mortgage:
993 shares of the stook of the Bridgeton Rapid Transit Co.
"
Bridgeton & Millville Turnpike Co.
370
"
"
•'
"
277
Bridgeton & Deerfield Turnpike Co.
$250,000 (entire issue) 5 p. c. gold bonds of the Bridgeton Electrio Oo.
ROAD -Bridgeton to Millville, 11 miles; Bridgeton to Cedarville,
8H miles; Bridgeton, local, 5 h miles; also an extension from Cedarville to Port Norris, 12 »s miles. Total, 37 miles.
EARNINGS— For year ending June 30,1904: Gross, $105,150; other
income, $12,762; total income, $117,912; net, $44,648; fixed charges,
$36,757; dividends, $7,880; surplus, $12.
OFFICERS— Pres., J. J. Sullivan; Vice-Pres., H. J. Crowley: Seo. and
Treas.. C. L. 8. Tingley; Gen. Mgr., B. F. Hires.- V. 72, p. 282.
.

BRIDGETON ELECTRIC CO. Acquired in 1899 by Am. Rys. Oo.
Organization— Chartered in New Jersey Deo. 2, 1895. Supplies
light and power in Bridgeton, N. J. Stock, $25,000. Bonds $250,000
(2)

1st mort. 5 p. c. gold bonds $1,000 each, dated July 1, 1900, due July
1930, interest J.
J. at office of the company; Real Estate Title
Ins. & Trust Co., Phila., Trustee, all pledged with the trustee of the
mortgage of the Bridgeton & Millville Traction. This was done so as
to bring the two properties (which are practically one) under the one

&

1,

mortgage.

CHICAGO & DESPLAINES VALLEY ELECTRIC RE-

(3)

in 1901 as a consolidation of the ChiDesplaines Valley Elec. Ry. and the Desplaines Valley Elec. Ry.
Maturity.
Date. Interest. Outstanding.
STOCKS
BONDS—
Stock, $1,100,000
$1,100,000
1901
5 M-N
1,000,000 May 1, '31
1st mortgage, $1,000,000 <
c* \ Int. at 111. Tr. <fc Sav. Bk., Chic, Trustee.
($1,000) gold
Bonds— The full issue of the new 1st mtge. bonds has been deposited
as collateral security under the bonds of the Chicago & Joliet Elec. Ry.
The Du Page Construction Co. owns tLe entire capital stock, of whioh
$1,000,000 is pledged under the mortgage of the Chicago & Joliet
Electric Ry., and also owns the entire $1,000,000 bonds, the whole
amount being pledged. Road in operation from the Will County line,
where it joins the Chicago & Joliet Electric Ky., to the city line of
Chicago on Archer Ave. Total 38 65 miles. Branch from 8ummit to
Lyons. The through route Chicago to Joliet was opened Sept. 25, 1901.
OFFICERS— Pres., J. J. Sullivan; Vice-Pres.. H. J. Crowley; Seo. and
Treas., C. L. S. Tingley; Gen. Man., J. R. Blackhull.— V. 73, p. 183.

ORGANIZATION— Incorporated

cago

&

&

-

(4)

CHICAGO & JOLIET ELECTRIC RY.—Trolley.

as a consolidation of the Chicago &
Rapid Tran. Co., the Joliet 8t. Ry. and the Joliet RR. Is operated
by power purchased from the Economy Light & Power Co. of Chicago.
V. 73, p. 844. The Du Page Construction Co. owns the entire outstanding $1,600,000 bonds and the entire $2,300,000 capital stock, and
that company's eDtlre stock is owned in turn by the American Rys. Co.

Organization—Incorporated

Joliet

&

Date. Interest. Outstand'g. Maturity.
BONDS—
STOCK
Stock. $2,300,000 ($100)
$2,300,000
Chic & Joliet Elect. Ry. ) 1901 5g. M-N 1,600,000 May 1,1931
g., $2,000,000 ($1.000).. e* 5 Int. at 111. Tr. & Sav. Bk., Chic, Trustee.
Joliet RR., general M., gold, } 1898 5 g. M-N
400,000 Apr.30,1918
$400,000 ($1,000 each)... J Portland (Maine) Trust Co., trustee.
Bonds— 01 the new $2,000,000 mtge, $400,000 are reserved to retire
underlying liens. $2,200,000 of the outstanding capital stook of the
Chicago & Joliet Elec. Ry., $1,000,000 of the $1,100,000 stook and
Desplaines Valley
$1,000,000 (entire issue) bonds of the Chicago
Electrio Ry. are deposited under this mortgage as collateral security
Entire issue of the $2,000,000 gold 5s may be called after May;l,
1902, at 105 and interest.
ROAD—This road is in full operation from Joliet to the Will County

&

where it connects with the Chicago & Desplaines Valley Elect.
Ry. for Chicago. Has 40 miles of track. Line between Joliet and
Chicago was formally opened Sept. 25, 1901.
Officers— Pres., J. J. Sullivan; Vice-Prest., H. J. Crowley; Secy, and
Treas., C. L. 8. Tingley, Gen. Man., F. E. Fisher.-V. 73, p. 183, 722.
line,

(5) PEOPLES RAILWAY (DAYTON).— A trolley road.
Acquired in 1899 by the American Railways Co.
Organization— Incorporated in Ohio June 18, 1896. Comprises 31
miles of track in Dayton, Ohio; operates 111 oars. Extensions are under
construction.

STOCK

&

The American Rys. Co. owns entire capital

BONDS—

Date. Interest.

Outstanding.
$1,100,000

stock.

Maturity.

Stock, $1,100,000, $100
300,000 Oct. 1, 1926
1st mort.. "White Line," ) 1895 5 g A-O
$300,000, g. ($500), red. wnt. at Union Savings Bank & Trust Co.,
Oct. 1, 1900, at $110.... ) Cincinnati, Trustee.
$200,000 Jan. 1, 1927
1st mort, "People's Ry.," ) 1897 5gJ-J
$200,000 ($500), g., red. > Int. at Union Savings Bank <fe Trust Co.,
Cincinnati, Trustee.
after Jan. 1. '02, at 110. )
OFFICERS—Pres., John A. MoMahon, Dayton; Vice-Pres., H. J. Crowley, Phil,; Secy, and Treas., C. L. S, Tingley, Phil.; Asst. Seoy., Eugene
Wuichet, Dayton; Gen. Man., J.L. Breen.— V. 69, p. 744.

SPRINGFIELD (OHIO) RAILWAY.—Trolley.
Organization.— Incorporated In Ohio Oct. 20, 1892; 9,944 shares
of the capital stook has been aoquired by the Amerioan Rail(6)

STREET RAILWAYS

Feb., 1905.]

«03

(par $10) by vote of the stockholders. V. 73, p. 338. Control passed
In Nov., 1902, to parties represented by President Dlok. Notes payable
June 30, 1904, net, $224,145.
The following shows the securities held June 30, 1904:
$1,000,000
Stock (par $100)
Total Issue.
Owned.
500.000 Jan. 1,1933
1893
6 J-J
l8tmort.,$500,000,gold..
Elmira & Seneca Lake Ry. (stock)
$300 .000
$226,500
Interest at First Nat. Bank, Springfield, O.
Seneca Lake 5s
300,000
230,000
1895
5
100,000 Mayl,1905 Elmira
2dM., Income, $150,000..
Lewisburg Milton & Watsontown Pass, (stock)
150,000
150,000
Road— Owns 30-3 miles of track. Operates 54 cars.
LewlsburgM. & Watsontown Pass. 5s.
150,000
150,000
Officers— Pres., Oscar T. Martin; Vice-Pres.. H. J. Crowley; Secy, Michigan Traction (stook
500,000
349,600
and Treas.. C. L. S. Tingley; Genl. Mgr., John H. Miller— V. 69, p. 439. Milton Electric Lt. & Power (stock)
27,750
27,750
Montoursvile Electrio Lt. (stook)
VALLEY ELECTRIC BY.- Trolley.
10,000
10,000
(7) ALTOONA &
Montoursville Pass
75,000
75,000
Organization— Incorporated Aug. 5, 1893. Owns $60,000 of the Montoursville Pass. Ry. Co. 5s
Ry. ( stock)
75,000
75,000
$65,000 stock of the Lakemont Park Co.; also $18,000 Logan Valley
300,000
40,000
Land Co. stock; also $39,000 of tne $40,000 stock of the Home Elect. Newtown Electric St. Ry. (stock)
300,000
200,000
Light Steam Htg.Co. of Tyrone, and leases that company for 99 years Newtown Electrio St. Ry. 5s
500,000
326,000
from July 1, 1903. In Aug., 1903, absorbed by consolidation the City Michigau Traction Extension Co. 5s
Passenger Ry. and the Tyrone Electric By. (previously owned), and
Earnings— Gross earnings of .the railways controlled for the year
lnoreased its capital stock from $500,000 to $1,500,000. V.77, p. 1745. ending Deo. 31, 1904, were $338,247; in 1903 were $314,459; gross
The American Bys. Co. owns entire stock Altoona & Logan Val. El.Ry. earnings light companies same period in 1904, $25,181, against $23,Stock
Bonds— Miles. Date. Interest. Outsta'g. Last Din., etc. 028 In 1903. Railway figures cover 80-42 miles in both years.
Stk $1,500,000. $50
$1,500,000 In 1903 4,5
REPORT— For years ending June 30: Income from dividends on stocks
and interest on bonds of subsidiary companies in
C(
1903 4isg.F-Ai52 f 500.000 Aug. 15, 1933 1903, $75,533; salaries, rents, taxes, etc, in 1904,1901, $45,901; in
!«50(fi'*l
I
$7,482; in 1903,
Int " at Equitable Trust Co., Phila., trustee.
Rys Co.c&r S
by
$7,445, balance surplus in 1904, $33,419; in 1903, $68,088.
IstM. $500,000 gold) 21-7 1893 5 g. J-J
470,500 July 1, 1923
OFFICERS— Pres., Evans B. Dick, New York; Vice-Pres., Gerald Hols$500 and $1,000.0. 5 Sink. fd. 1 p. o. yearly; bds. subj'ct to call at 105. man; Sec and Treas., H. O. Winchester; Gen. Supt., D. A. Hegarty;
Int. at Cassatt & Co., Phila., and 1st Nat. Bk., Altoona Auditor, L. D. Maltbic— V.75, p. 667, 1148; V.77, p. 196; V.79, p. 1267.
Bonds—Sink. fd. on Altoona <6 Logan Valley Electric Ry. Co. 1st M. 5s
& BATTLE
(1) MICHIGAN TBACTION OF
commenced July 1, 1894; not less 1 p. c. par value of outstanding
Trolley.
bonds must be appropriated out of net earnings to retire bonds at or
below 105 and accrued Interest. Of the new $4,000,000 mortgage,
consoliOrganization— Incorporated in Michigan Dec. 31, 1896.
$500,000 are reserved to retire the prior liens and $1,000,000 for dation in 1897 of the Citizens' Street By. of Kalamazoo and the
extensions. These bonds are guar., p.
i., by end. by Am. Rys. Co.
Citizens' St. Ry. of Battle Creek. Bailways Company General owns
No sinking fund and not subject to call.
$349,600 of the capital stock. In June, 1902, the first mortgage bonds
Dividends— In 1896 paid 2*a p. c; in 1896-97, 2*2 p. c; In 1897-98, were listed on the Phila. Stock Exchange.
1898-99, 1899-00, none: in 1900-01, 6*g p. o ; in 1901-02, 10 p. c; in
new second mortgage for $500,000 5 p. 0. bonds has been author1902-03, 10 p. c; in 1903 4, 5% p. c.
ized. None are to be issued but they are to be held as security for the
Road—Operates 46 miles of track, connecting Altoona, Bellwood*, Michigan Traction Extension Co.'s 1st mortgage 5% bonds.
Date. Interest. Outstand'g. Maturity.
Hollidaysburg and Tyrone. Operates 83 cars.
($100)
$500,000
Annual Report.— Year ending June 30, 1904, of conselidated prop- Stock $500,000 F. $700,000 )
1901 5g. J-J
let mortgage 8.
700,000 Jan. 1, 1921
erties, gross, $386,053; net, $198,941; fixed charges, $112,691; divi0* jlut. at N. Y. Sec
Trust Co., Trustee.
($1,000), gold
dends, $86,250.
Bonds—The entire Tissue of $700,000 was offered for sale In Feb.,
Officers—President, J. J. Sullivan; Vice-President,
J. Crowley;
Secretary and Treasurer, C. L. S. Tingley; Gen'l Mgr., S. S. Crane.— 1901. by DioR Bros. & Co., Fidelity Title & Trust Co. of Pittsburg and
Tracy & Co. of Chicago. A sinking fund of 5% of gross earnings comV. 79, p. 680; V. 80, p. 649, 710.
menced in 1903, to be used in buying bonds at not to exceed 110;
otherwise to be invested in other standard securities. V. 72, p. 391.
$2tf,000 of bonds now held in sinking fund.
A New Jersey corporation formed in 1894. Charter
Organization—
ROAD— Has completed an interurban line of 28 miles between Kalaperpetual; license from Park Commission runs until July 24, 1939.
opened for
1900,
Owns an electric railway In Fairmount Park. From Nov. 30 to May 1 mazoo and Battle Creek, which was Gull Lake business Aug. 1,giving
with an extension of 4^ miles to
and Yorkvllle,
operation is optional. Owns Woodside Park. Boad opened Nov., 1896.
with the city lines in Kalamazoo and Battle Creek altogether 50
Date. Interest. Outstand'g.
Maturity. miles. Bails are of from 49 to 70-lb. T, and 90-lb. grooved girder rail.
Stock
BONDS—
Stock, $2,000,000 ($50)
$1,847,404
See text.
REPORT—Year ending June 30, 1904, gross, $236,199 ; operating
1st M., gold, $500,000, call )
1897 5g.
500,000
Sept. 1, '12 expenses,
$185,073; net, $51,126; charges, $63,347; deficit, $12,221.
105 after Sept. 1, 1902, > Glrard Trust Co., Phila., Trustee.
Officers— President, E. B. Dick, New York; Vice-Pres., Gerald Hols($1,000)
o* ) As to bonds of 1897 see V. 65, 620.
2nd mort. $250,000, gold, ) 1900 5g. M-S
188,000
Sept. 1, '12 man; Sec and Treas., fi. C. Winchester, N. Y.; Supt., D. A. Hegarty.—
V. 73, p. 445. 1208; V. 74, p. 1196; V. 77, p. 2280.
($1,000)
c* J Int. at Girard Trust Co., Phila., Trustee.

ways Company, which also owns the entire issue of 1st mtge. bonds
and $99,792 of the 2d mtge. bonds.
Interest. Outstanding. Maturity.
Date.
STOCK & Bonds—

&

LOGAN

&

&

\%

,

6oK'

Am

KALAMAZOO

CREEK—

A

&

A

&

H

FAIRMOUNT PARK TRANSPORTATION
&

MS

Bills

payable, Nov.

1,

1904

48,500

Bunds—New 2d mtge. can be

called on and after Sept. 1, 1902, at
105 and accrued interest on 30 days notice.
Dividends— First dividend paid Dec. 1, 1897, 2 per cent. None since.
Road— 8 47 miles of track in West Park and E. Park, crosses Schuylkill River on a steel bridge.
Rails are 90 lbs. 20 closed, 50 open oars.
Earnings— Year ending Oct. 31, 1904, gross, $134,300; net, $73,423;
charges, $55,592; surplus, $17,831.
Officers— Prest., Charles A. Porter; Vice-Prest.,Robt. H. Foerderer;
Sec. and Treas., Ellsworth H. Hults; Ridge Ave. Bank Building, Philadelphla.-V. 65, p. 620; V. 70, p. 686; V. 71, p. 863.
-

PHILADELPHIA ~&~WEST CHESTER
TRACTION—A trolley road.
Xhe Eastern Securities Co. has acquired control.
Organization—Chartered

in Pennsvlvania

on April 24, 1895. In
1898 acquired control of the Delaware County Passenger BB. and of
the Phila. Castle Bock & West Chester Passenger Ry. Co. In Jan.,
1902, leased the Ardmore & Llanerch St. Ry., a line between the points
named, 3*3 miles. No bonds or other debt Rental is 5 p. o. on the outstanding stock ($200,000 authorized) and payment of taxes and organization expenses.
Date. Interest. Outstand'g. Maturity.
Stock
Bonds—
Stock, par $50 ($1,000,000)
$597,175
1st M., $400,000, gold, subj. ) 1898
5 g. J-J
400,000 Oct. 1, 1918
tocall at 105 aft. Oct. 1,1 899 5 Int. at Girard Trust Co., Phila., Trustee.
Consol. M., $ 1,000,000, gold) 1904 4 g. J-J
None. Jan. 1,1934
($1,000)
c*5Int. at West End Tr. Co., Phila., trustee.
Bo«dx-$4CO,O0O of the new 4s are reserved to retire $400,000 1st
mortgage bonds. Bonds of either issue can be called at any time at
105 and interest; no sinking fund.
Earnings.— For fiscal year ending Nov. 30, 1904. gross, $171,290
net,$62,*-27; fl;ed charges, $38,263; surplus, $24,564.
ROAD—Operates 23J3 miles from 63d and Market sts., Philadelphia,
to West Chester
Gauge, 5 ft, 2»4 in.; 60 lb. T rail. Leases Phil. <v
West Chester Turnpike Road Co. for 999 years from 1895. Also
Ardmore & Llanerch, 3^3 miles.
OFFICERS-Pres., A. Merritt Taylor, 610 Arcade Building, Phil.; VicePres.. W. S. Taylor; Sec, H. H. Aikens; Treas., 0. L. Rihl. Office, 610
Arcade Building, Phil.-V. 76, p. 159, 266; V. 78, p. 22.^, 344.

&

PHILADELPHIA BRISTOL & TRENTON
oiREET ixx.
Organization— Chartered in Pennsylvania December 30, 1901, as a
consolidation of the Philadelphia & Bristol Passenger Rv. (purchased
at receiver's sale on Sept. 10, 1901), and the Bristol Passenger Ry.,
and the Trenton & Bristol Street Ry.
_

STOCK

&

BONDS—

Dale.

Interest.

Outstand'g.

Maturity.

Stock (par $50). $1,000,000
"
$1,000,000
1st mtge., $1,000,000 gold < 1902 5g,M-S
650,000 Sept. 1,1932
($1,000)
c* X Int. at Union Trust Co., Balto., Trustee.
Earnings— Year ending June 30, 1904, gross, $65,237; net, $15,802.
Road— Owns and operates 21 miles of track from Torresdale to
Morrisville. Rails, 60 and 90-lb. girder and 72-lb. T; gauge 5 ft. 2>a
Inches; 11 cars, 3 engines and 3 generators 450 k. w capacity.
„ OFFICERS-Pres., J. W. Ellard, Baltimore; Sec & Treas. W. F. Sailer
Jr., Trenton, N. t J. Office, 323 Mill St., Bristol, Pa.— V. 75, p. 395.

RAILWAYS COMPANY GENERALOrganization.— Incorporated

at Trenton, N. J., Aug. 25, 1899. Is
empowered to build, lease, sell, purchase and operate street railways,
electric light, gas, illuminating plants and water works, and also to acquire or dispose of the securities of the same. Stock authorized, $1,200,000, shares $10; all Issued. Is listed on the Philadelphia Stock

Exchange.

Stock was orlginaUy $10,000,000 (par $5) authorized and
$1,500,000 outstanding, but was reduced in Oct., 1901, to $1,200,000

(it)

MICHIGAN TB ACTION EXTENSION CO.—

Organization— Organized to build extensions of Miohigan Traction
Co. in the cities, stock all owned by Michigan Tract. Co., which leases
the road. The $326,000 bonds given as outstanding below are all
held in the treasury of the Rys. Co. General. About 5 2 miles completed; more under construction.
Date.
Interest. Outstanding.
Maturity.
STOCK & BONDS—
Stock, $25,000 (owned by Mich. Tract. Co.)
$25,000
$500,000 ($1,-) 1903

5 g J.-D,
380,000
Deo. 1,1923
Knickerbocker Tr. Co., N. Y., Trustee.
Bonds guar., p. and i., by Micb. Tract, by end. No s. f. and bonds not
subj. to call. Mich. Trac. 2d M. bds. are pledged as additional security.
1st M.,

O00),gu.p.&i.,end.,g.o

5

Int. at

LEWISBURG MILTON & WATSONTOWN PASS. RY.—Trolley.
Organization.— Chartered Sept 3, 1897. Commenced operations.
in Feb., 1898. Railways Company General owns all stook and bonds.
(2)

Stock and Bonds—
Stook, $150,000 ($50)

Date.
. .

EARNINGS.— For

fiscal

Interest.

Outstand'g.

Maturity.

$150,000
g. J-J
150,000 July 1, 1928
Int. at Union Trust Co., Philadelphia.
year ending June 30, 1904. were: Gross, $23,-

1st mortgage, $150,000
c*;
($1,000), gold

1898

5

131; net, $5,255; interest and taxes, $8,104; defloit, $2,849.
ROAD-— 10 miles of track between points named in title.
OFFICERS— President, Evans R. Dick, New York; Secretary
Treasurer, H. C. Winchester; Supt., L. H. Mountney.

(3)

and

ELMIRA & SENECA LAKE RY.—A trolley road.

ORGANIZATION— Incorporated

in

New York June

6,

1896.

Railways

Company General owns $226,500 of the stock and $230,000 of the bonds.
Date. Interest. Outstanding. Maturity.
Stock & BONDS—
Stock, $300,000 ($100)
$300,000
1st mortgage, $300,000.... < 1899
5g. J-J
300,000
July 1, '29
gold
(Int. at American Trust Co., Phila., Trus.
Road— Owns 17 miles of road, running from Horseheads to Watkins
via Millport and Montour Falls, to Seneca Lake. Full line completed
and put in operation on May 19, 1900. The company has a traffic contract over six miles of road, connecting Horseheads and Elmira with
the Elmira Water, Light & RR. Co. Total, 23 miles.
Earnings—For fiscal year ending June 30, 1904, were: Gross, $39,03u; net, $2,405; interest and taxes, $8,921; deficit, $6,516.
OFFICERS— President, Evans R. Dick; Vice-Pres., Jno. E. Mulford;
Hue. C L Hathaway, Montour Falls.N. Y.; Treas., H. C.Winchester, N. Y.;
Supt., Caas. Murray.

(4)

MONTOURSVILLE PASSENGER RAILWAY—A trolley road.

Organization.— Chartered in Pennsylvania June 28, 1897. Commenced operations Dec. 16, 1897. The entire stock and bonds are
owned by the Railways Company General. Stock authorized and
issued, $75,000.
Funded debt authorized and is-ued, $75,000, 5 per
cent 30-year gold bonds dated Aug. l, 1898, interest J&J. Operates
5^ miles of track from Williamsport to Montoursville, Pa.
Earnings— For fiscal year ending June 30, 1904, were: Gross, $18,632; net, $5,236; fixed charges, $4,055; surplus, $1,181.
Officers— Prest., Evans R. Dick; Vine-Pres., Gerald Holsman; Sec'y
and 1 reas., H. C. Winchester, 30 Broad St., N.Y. Supt , Richard Barrett.
;

(ft)

MILTON ELECTRIC LIGHT & POWER

CO.

Organization—Chartered under the laws

of the State of Pennsylvania Feb. 8, 1892. Parohased the plant and franchise of the ThomsonHouston Electrio Light Co. Authorized capital, $40,000, which was
reduced to $27,750 Dec. 15, 1896, all of which is owned by the Rys.Co.

General.

EARNINGS Gross earnings year ending June 30, 1904, $17,218;
operating expenses, $14,548; net, $2,740; additions and taxes, $S60;
surplus, $1,880.

J

))

STREET RAILWAYS.

804
(6)

)

MONTOURSVILLE ELECTRIC LIGHT CO

Organization— Chartered under the laws
vania Sept.

3.

1897. Capital stock, $10,00 J,

of the State of Pennsylall owned by the Rys. Co.

General.

Earnings— Earnings v*ar ending June 30.1904. $6,550; operating
deficit, $1,009; taxes. $176, deficit, June 30, 1904, $l,i 85.

exp.,$',559:

PHILADELPHIA RAPID TRANSIT.-Controlled.
the Wideuer-Elkins syndicate. In Sept 1904. the stock formerly

toy

,

held by the late William L. Elkius was sold to a eydioate.

See V. 79,

p 1024

Incorporated in Pennsylvania on May 1, 1902, to take over under
lease the Union Traction Company for 999 years from July 1, 1902.
and to acquire and hold shares of other corporations. (For terms of
lease see Union Traction below.) The Rapid Transit Co. owns the entire
capital stock and franchises of the following companies acquired by
the Maok-Foerderer syndicate in 1901:
*Broad St. Rapid Tran. St. Ry. Co. 'Market St. Elev. Pass. Ry. Co.
Northern Rapid Transit St. Ry. Co.
Central Rapid Transit St. Ry. Co.
Chestnnt Hill
Glenslde Rapid *Passyunk Ave. Elev. Pass. Ry. Co
*RMge Ave. Elev. Pass. Ry. Co.
Transit St. Ry. Co.
Eastern Rapid Transit St. Ry. Co. Southern Rapid Transit St. Ry. Co
Western Rapid Transit So. Ry. Co
•Frankford Elev. Pass. Ry. Co.
*Germantown Ave.El. Pass. Ry.Co.
* In June, 1903, the Market St. Elev. Pass. Ry. with $5,600,000
authorized capital stock, absorbed by consolidation the roads marked
above with an asterisk (*). See V. 76, p. 1301.
Construction has begun upon Market St. from 23d St. to Delaware
Ave., and on Delaware Ave. from Market St. to South Bt. "V. 74, p.528,
989; V. 76, p. 1301.
In June, 1903, the following new companies were incorporated In
the interest of the Philadelphia Rapid Transit Co , to build 129 miles
of railway in Philadelphia.
Slock.
Line.
45 miles.
Glenwood Rapid Transit 8treet Ry
$270,000
Moyamensing & Southwark Rap. Transit St. Ry. 282,000
47 miles.
Parkside Rapid Transit Co
42,000
7 miles.
Bustleton& Byberry Rapid Transit Street Ry.. 120,000
20 miles.
Broad St. & Boulevard St. Ry. (5 p. c. paid in)..
40,000
10 miles.
In July, 1902, also acquired all the stock of the Doylestown & Willow
Grove Ry. Co. Owns entire stook of the Phila.
Wil. Grove Trac. Co.
Outstand'g.
Maturity.
Date.
Interest
Stock
BONDS-

&

&

&

8

Btock, $30,000,000 ($50)
Market 8t. El. mtge., $10,-) 1905

\

4

J™ paidta^

}

1955
000,000
... 5 Guar, by Phil. Rap. Transit.
8tock was listed on the Philadelphia Stock Exchange in July, 1902,
and in Nov 1904, application was made to list on N. Y. Stook Exchange. A second call of $5 was made on the shares, payable July
6, 1903; a third for $5 payable Jan. 20, 1904, and a fourth for $5 payable Jan. 20, 1905, making $20 per share paid in.
Bonds— The Market St. Elev. Ry. bonds will cover the subway and
the proposed elevated road on Market Street; it is expected that $5,000.000 will be issued at once and the remainder as needed. See V.
(?)

,

I

Vol. lxxx.

able in gold) is $900,000 per annum (equal to 3 per cent on the face
value of the $30,000,000 stock) for the first two years, $1,200,000 per
annum (equal to 4 per cent on stock) for the next two years, $1,500,000 per annum (equal to 5 per cent on stook) for the next two years
and $1,800,000 per annum (equal to 6% on stock) thereafter. The
stockholders of the Union Traction Co. were given the right to purchase 150.000 shares of the new Rapid Transit Co. stook. V. 74,p. 989.
Organization -Chartered Sept.13, 1895, and acquired on or about Oct.
1, 1895, practically all the shares of th® Electric Trac and People's Trac
companies, in place of which were issued collateral trust certificates
secured by the shares placed in trust. In 1896 leasedthese properties
for 998 years and 3 months from July 1, 1896. On Oct 1,»1895, leased
for 999 years the Philadelphia Traction at 8 p. con its capital stock
and has "assumed" its 4 percent collateral trustt bonds. V.61, p. 663.
Leases (from Jan. 1, 1898) Hestonville Mantua & Fairmount Passenger Ry. for 999 years at 6 p. o. on preferred and 4 p. c. on common
stock see V. 66, p. 236. The Lehigh Ave. Ry. Co. ($600,000 stock)
was also leased for 999 years from July 1, 1899. These companies include all the leading street passenger railway lines within the city
of Philadelphia. See terms of consolidation, etc., in statements for
the constituent companies and V. 61, p. 152, 197, 283, 663.
OutMaturity or
Int. or
last dividend.
STOCK BONDS— Date. Dividends, standing.
Stock, $30,000,000,
5 600,000 shares. ) T „_
i t
n - 9a ,
Jan - , "»>«*
J ~J
par $50
i
$
( $17-50 paid in.

&

Trust Co. certificates)

&

i.

by Union Tr
Coll.trust 1st

1895

4g,A-0

29,730,114 red.

aft. Oct.1,'45

mort,

Pa. Co. for Ins. on Lives
Annuities, trustee.

& Granting

>

gold, guar. p.

)

1902

July

> Interest at

4

g,

J-J

&

$1,480,000

1,

1952

Trust Co., Philadelphia, Trustee.
$1,500,000, gold.. S Land Title
Trust Certificates— The trust certificates are not the direot obligations of the Union Traction Co., but were issued by the Pa.
Co. for Ins. on Lives & Granting Annuities to pay for the shares of
the Electric and People's Traction companies purchased and are
Beoured by a deposit with the Trust Co. of all the shares of the stock
of the Electric Traction Company and the People's Traotion Company thus acquired. See description of certificates in V. 64, p. 135.
They are guaranteed, principal and interest, by the Union Traction Co.
and are redeemable at the option of that Co. on and after Oct. 1, 1945.
Collateral Trust Bonds— The collateral trust bonds were issued to
fund the floating debt, and are secured by the deposit of 35,000 shares
of the common stock of the Hestonville Mantua <fe Fairmount Pass. RR.
Sublect to call at 105 and accrued interest; $20,000 has been retired
by sinking fund.
Road— Operates 544*62 miles of track and has 1.911 closed oars,
1,236 open oars, 312 other cars, plows, etc.; total, 3,459
OFFICERS—Pres., John B. Parsons; 1 st Vice-Pres. Geo. D. Widener;
2nd Vice Pres and Gen. Man., Charles O. Kruger; Sec. and Treas., Robert B. Selfridge; Ass.-Sec. and Treas , Jno. B. Peddle; Compt., Alex.
Rennlck.—V. 75, p. 31, 609, 1255.
,

,

Lines Controlled by Union Traction Co.
(1)

CATHARINE & BAINBRIDGE STREETS RY— A

trolley road.

Organization—Incorporated May 14, 1889, and leased to the Philadelphia Traction March 1, 1890, for 99 years, and since Oct. 1, 1895,
operated by the Union Traotion Company; in Sep*., 1895, term of
80, p. 652.
lease was increased from 99 to 999 years and stook from $150,000 to
Annual Report— The 1903-4 and 1902-3 earnings are for the Phila. $400,000 (all owned by Union Traction Co.); rental is $24,000 yearly,
Rapid Transit system, the other years being for the old Union Traction besides interest and taxes.
Co. Fiscal year ends June 30. Annual report for 1903-1904 was given
Maturity.
Bate. Interest. Outst'd'g.
STOCK & BONDS—
1329.
In V.
79, p.

1903-04.

No. passengers carried... 390,532,689
Gross earnings
$15,923,508
Operating expenses
7,993,315

Net earnings

1902-03.

1901-02.

$365,908,051
$15,277,807
7,234,893

325,801,963
$13,969,233
6,402,338
$7,566,895
148,925

Other income, interest, etc.

$7,930,193
172,855

$8,042,914
158,766

Total net income
Taxes and licenses
Union Traction Dlv
Fixed oharges

$8,103,04*
$1,060,897
900,000
5,921,302

$8,201,680
$990,702
900,000
5,905,089

$220,849

$405,889

8urplus

$1,078,038

through purchase of the entire capital stock ($500,000) for $20,000.
int. on the bonds. See V. 79, p. 1331.
Interest.

Outstand'g.

Maturity,

Stock, $500,000 ($50)
$500,000
„.
1st mortg., $500,000, )
1900
4 g. J-D
500,000 June 1,1930
$1,000, gold, Kuar.o" 5 Land Title & Trmt Co., Philp,., Trusteee.
Road— Owns and operates 13 miles of road from Doylestown to Willow Grove, running over the ol 1 turnpike between those places, which
is leased for 999 years.
Earnings-— Now inoluded in Phila Rapid Transit Co.— V.79,p. 1331

TWENTY-SECOND STREET & ALLEGHENY AVENUE
(2)
PASSENGER RY.
Organization— Formed in 1903 and merged the
St.

old

Twenty second

& Allegheny Ave. Passenger Ry. Co. (chartered 1890), the Fatrmount

A Frankfort Ry. Co., Fishers Lane Ry. Co.. Lindley Ave. Ry. Co., Chelten Ave. Pass Ry. Co Germantown & Falrmount Ry. Co. and the Philadelphia <fe Trenton Rapid Transit St. Ry. Co. Is leased to the Phila.
Rapid Transit Co. for 6 per cent per annum on paid-in capital.
Date. Interest. Outstand'g.
Bonds—
STOCK
Maturity.
04
Stock, $1,302,000 ($50)
\
\ $25 pakl:
Road Operates about 35 miles of track.
Treasurer, John B. Peddle.
.

&

—

PHILADELPHIA & WILLOW GROVE TRACTION CO.
Organization-Is a consolidation in 1904 of the Phila. A Willow
Grove Street Ry. and the Glenslde Willow urove Street Ry. Entire
stock is owned by the Phila. Rapid Transit Co., which guarantees the
bonds, p. and i., by endorsement. 8ee guar. V. 79, p 904.
(H)

Ar.

&

Date.
Interest.
Outstand'g. Maturity.
Bo*DS—
STOCK
Stock, $ ,000,000
$1,00 ',000
1st mtge. $l,0o0,000 guar. < 1804 4i2g.T-J
622,000 July 1, '34
gold ($ ,000).
o* < Int. at Land Title A Tr. Co., Phila., Trustee.
Bonds— Bonds are subject to oall on any int. date at 105 and int.
upon 30 days' notice. A sinking fund begins after 5 years; of $10,000
per annum for five years; $15,000 per annum for following f> years,
and $20,000 per annum for the ensuing 15 years. See V. 79, p. 904.
ROAD— Is building a doublet' ack road from intersection of Weaver
Street or Cherry Lane with Montgomery County line to Willow Grove
Park. Road is expected to be in operation about April 15, 1905.— V.
79, p. 904.
l

UNION TRACTION.-A trolley road.

lstM.$150,000($l,000)o

Due

1890 5 x A-O

lessee July, 1904...

See text.
Apr. 1, 1920

$400,000
150,000
234,698

Infest at Land, T. & T. Co., Trustee, Penn. Co. for Insur.on Lives, etc
Dividends—Dividends of 6 per cent are paid.
Road—The road aggregates 11-36 miles of track.

(2) CITIZENS

PASSENGER RAILWAY-

ORGANIZATION—Incorporated March 25, 1858. Leased to Frankford
for 999
$7,715,820 & Southwark Passenger Railway Company April 1, 1892, on stook,
$903,842 years; rental now $140,000 per annum, equal to 28 per cent Traction
or $14 per $50 share. This lease was assumed by the Electrio
road.
5,733.940 Company July 1, 1893. The Union Traction now operates the
Maturity,
STOCK & Bonds— Miles. Date. Interest. Outstand'g.

Officers— Pres., John B. Parsons; Vioe-Pres., George D Wldener;
2d Vice-Pres , Charles O. Kruger; 3d V.-Pres., Alex. Renniok; Sec. <*
Treas., R. B. Seliridge; Asst. sec. A Asst. Treas., John' B. Peddle. -V.
79, p. 904, 968, 1024, 1266. i 329, 2148, 2206, 2457; V. 80. p. 223, 652.
(1) DOYLESTOWN & WILLOW GROVE RY. CO.-A trolley road.
In July, 1902, was acquired by the Philadelphia Rapid Transit

The Rapid Transit '©.guarantees
Date.
Stock and Bonds—

6%M-S

Stock, par $50

Lease— The Union Ttaotion Co. has been leased for 999 years from
July 1, 1902, to the Philadelphia Rapid Transit Co. Lease rental (pay-

See text,
11
Stook $500,000 ($50).
28%Q-J 8ee text.
Stock paid in $192,500; $20 on 8,500 shares and $15 on 1,500
shares. Road, Columbia Avenue to Mifflin St., 11 miles of track.

(3)

CONTINENTAL PASSENGER RAILWAY -A trolley road.

ORGANIZATION—Incorporated Sept. 3, 1873. Leased Jan. 1, 1880, to
Union Passenger Railway Company for 99 years at rental of $6 per
share per annum, interest, taxes and operating expenses; lease assigned
to Philadelphia Traction Company June 30, 1884. Operated by Union
Traction Company since October
sheet July 1, 1904, $600,000.

Stock & Bonds—
par$50

DaU.

1,

1895.

Maturity.

Outstand'g.

interest.

$6 J- J

Stock,

Stocks owned, per balance

;

20,000 shs.,
$29 paid in.
$280,000

See text.
>

1879 6% JJan. 1, 1909
1st mortgage, ($500 J
o. ( Interest at Land, T. & T. Co., Philadelphia, Pa.
and $1,000)
Due lessee for additions July 1, 1904, $672,260.
Bonds are subject to drawings of $20,000 Dec, 1, yearly. Trustee
Land Title & Trust Co. Own 10-07 miles of track.
(4)

electric traction-

Organization— incorporated May

8, 1893, and acquired control of
the Citizens' Passenger Ry., the Frankford & Southwark Passenger Ry.
and the Second & Third Street Passenger Ry. On .T nly 1, 1896, leased
for 999 years the Citizens' Clearfield
Cambria St Ry., the Citizens'
East End St. Ry., the Brown & Parrish St Ry., and the Citizens' North

&

End St. Ry.

In 1895 the Union Traction Company aoquired all the stook at the
rate of $85 per share for each share on which $50 had oeen paid and
$70 per share for each share on which $30 had been paid, the Pennsylvania Co. for Insurance on Lives & Granting Annul ties issuing therefor its guaranteed trust certificates. On July 1. 1896, the Union Traction Co. leased the property for 998 years and 3 months. See V. 61, p.
197, and also " Union Traction."
Outstand'g.
Issued.
Dividends.
BONDS— Par.
STOCK
$8,297,920
Stock (part $30 pd.) $50
Stock authorized, 175,000 shares of $50 each; issued, 152,396 shares
of $50 paid and|22,604 shares of $30 paid, making total $8,297,920.
ROAD- Operates 128-38 miles of track. Rail 90 lbs. -V. 63, p. SS7-

&

(5)

EMPIRE PASSENGER RAILWAY—A trolley road.

Leased Deo. 26, 1873.
10, 1869.
to Citizens' Passenger Railway Company and the Seventeenth and
Nineteenth Street Passenger Railway Company for 999 years. Transferred Oot. 1, 1895, along with all right to dividends on 6.100 shares
of its stock [then held by the Union Passenger Railway Co. as trustee
and lessee], by lease of Philadelphia Traotion to the Union Traction Co.
Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
(All owned by Un. Tr.)
$600,000
8tock, par $50
1900 34g. J-J
200,000 July 1. 1930
let M., gold, $200.Trust Co., Philadelohia. Trust**.
o. \ Land Title
000 ($500)
Bonds—The new 3^8 were issued to retire alike amount of 7s, du»
July, 1900.
Due lessee Co. for additions July 1, 1904, $705,715.
Road—Owns 10-25 miles of track.— V. 70. p. 1150.

Organization— Incorporated Feb.

&

A

STREET RAILWAYS.

Feb., 1905. J

FRANKFORD & SOUTHWARK PASSENGER RAILWAY-

(6)

1854. Acquired stock of Lombard * South Streets Passenger Railway in 1890. Leased to the Electric
Traotion Co. for 999 years from July 1, 1893, dividends for the several
years named Delow being guaranteed per share
5th
6th
7th 8th 9th 10th & after.
4th
3d
2d
1st

ORGANIZATION— Incorporated April

$12 $12 50 $13 $13 50 $14

STOCK

&

BONDS—

4,

$14 50 $15

$16 $17

$18

Miles. Date. Interest. Oulsland'g. Lastdiv.,ete.

Q-J $1,875,000
See text
45
Debt of Controlled Lines (assumed by Electric Traction Co.):
$150,000 Dec. 1, 1951
Lombard & South Sts. > 10 1881 3^ J-D
Pass. 1st M. ($500 & > Inter'st at Real Estate Title Insurance & Trust
Co., Trustee.
c)
$1,000)
132,100 Oct. 1, 1905
9
1875 7A-0
West End Pass' gr Ry., <
M. ($100 <fe $500... c \ Phila. Trust S. D. & Ins. Co., Trustee.
Interest on all loans payable by Elec. Tr. Co., 421 Chestnut St., Phila.
The Lombard & South Sts. Pass, issue or $150,000 was originally 5
per cent, but was called at maturity and then extended for 50 years
from Dec. 1, 1901 at S 1^ per cent.
Road— Controls 45 miles of track, acquired as follows
took, par $50

Frankford & Southwark Passsenger Railway
Lombard & South Streets Passenger Railway
Lehigh Avenue Railway
(7)

20 miles.
19 miles
6 miles.

GERMANTOWN PASSENGER RAILWAY.—A trolley road.

21, 1858. Leased Oct. 1, 1881,
Passenger Ry. Co. for 999 years, but rental modified in
1893; stock since 1897 receives dividends yearly of $5 25 per share.
Maturity
Par. Date. Int'st. Outsand'g.
STOCK & BONDS—
Stock $1,500,000<$50)
Q-J See text.
See text.
$50
Stock— Paid in $650,000; $15 per share on 20,000 shares and $35
per share on 10,000 shares.
ROAD— Owns 31 miles of track. Extension of 2,000 feet from Hill
crest Avenue to city line completed in September, 1898, forms, with
the Roxborough Chestnut Hill & Norristown Passenger Ry. a through
line to Norristown.— V. 69, p. 695.

Organization—Incorporated April

to the People's

^8)

GREENE & COATES STREETS PHILA. PASSENGER RE21, 1858. Leased to People's Pas1881, at an annual rental of $60,(since fallen due) and expense of management.
Miles. Date. Interest.
Outstand'g.
Maturity.

ORGANIZATION— Incorporated Apr.
senger Ry. for 999 years from Sept.
000. interest on bonds

STOCK

&

BONDS—

1,

Stock, par $50...

$6

QJ

p. o. per annum (Q.— J.)
Owns 7 miles of road.

Dividends are 12

amount paid
(9)

in.

8-

p^ See
on par or 40 per cent on

|

^j?

text.

\

HE8TONVILLE MANTUA & FAIRMOUNT PASS.

RE-

ORGANIZATION—Incorporated April 6, 1859. Franchise Is perpetual.
Lease— Hestonville M. & F. road leased from Jan. 1, 1898, to Union
Traction for 999 years at a rental of 6 per cent on the preferred and 4
per cent on the common stock. By the terms of the lease the Fairmount Park & Haddington lease is assigned to the Union Traction
whioh assumes the dividends guaranteed on that stock (all owned by
Hestonville Co). The Union Traction assumes the bonded debt of
both the Hestonville and Haddington companies and purchased 4,780
shares of the preferred at par and 35,294 of the common Hestonville
took, the common at $45 per $50 share. V. 66, p. 236.
Date. Interest.
Outstanding.
Maturity.
STOCK & BONDS—
Common stock, par $50
4 J-J
$1,966,100 f.p.
See text.
Preferred stock, par $50
6 J-J
533,900 f. p. See text.
M., |1,250,000 < 1894 5-3 %g M-N •1,250,000
$500 & $1,000. c*x I Trustee, G&ard Trust Co.
Guaranteed rental 999 year lease
FairmountPk.&Had'gt'ns
- .
onnnnn
ft
bg F-A
300,000
"
Pass. Rv. St'k, par $50. i
"Leased Equip. Account," June 30, 1904
241,968
Due leased lines June 30. 1904
100,000

May 1,1924

Coneol.
g.,

•

See text

•

payable in Philadelphia, x Free of tax.
Of the $1,250,000 outstanding, $124,500 were issued Jan., 1901,
as 3*9 per cents to take up bonds of like amount of the Fairmont Pass.
Ry. due at that time, and $75,000 on Maroh 1, 1902, to take up a like
amount of 2nd mortgage 6s maturing on that date.
Interest Is
*

Common stock

authorized, 39,322 shares preferred, 10,678 shares
stock outstanding as in table.
ROAD— Owns 1783 miles of track In Philadelphia; leased and operated
8'35 miles; total, 23-17 miles.— V. 71, p. 1167.
;

par value of each, $50

;

(9£) LOMBARD & SOUTH STREET PASSENGER
Bee Frankford & Southwark Passenger Railway.
(10) PEOPLE'S

RAILWAY.—

PASSENGER RAILWAY.—An electric road.

15, 1873. The People's Trac. Co.
15, 1893, acquired the entire capital stock of this road. The
Traotion Co. then leased the People's Passenger Ry. By a tripartite
agreement this lease was on July 1, 1896, assigned to the Union Trac.
Co. for 998 years and three months. Rental Is 10 per cent per annum
on capital stock ($2-50 per share) as below shown, nearly all of whioh
is pledged for People's Traction Co. trust certificates.
Outstand'g.
Maturity.
BONDS.— Dale. Interest.
STOCK
Common stock $25
10%M-S31 a60,000shs.
See text.
Preferred stock $25
10%M-S31 a23,000 shs.
See text
1st mort. ($1,000)....
1875 4J.-J.15
219,000 Jan. 15,1935
2d mortgage $500,- )
1881 5 J.-J.15
285,000 July 15, 1911
000 ($1,000)
c 5 Guarantee Trust
Safe Dep.Co.,Phila, Trustee.

Organization— Chartered April

on April

&

Con

.$1,125,000.)
1882 5 M.-S.
cfer S Guarantee Trust
$1,000

&
246,000 Mar. 1,1912
& Safe Dep. Co., Phila., Trustee.

a Total stock paid in $740,965 50.
All interest at the office of tbe Real Estate Title &Tr. Co. The first
mtge. bonds matured Jan. 15, 1905, but $219,000 of tbe $2.">0,000
were extended as 4s to 1935, the remaining $31,000 being canceled.
Due People's Traction Co. July 1, 1904, for construction and equipment, $5,848,59.->.
The stock acquired by the People's Traction Co. was pledged as
secuiity for trust certificates. See People's Traction.
Road—Company operates 8366 miles of track, of which 6-4 miles
owned and 77-26 miles leased and operated.— V. 61, p. 469 V.63,p.^y.
;

TRACTION—An electric road.
Organization— A Pennsylvania corporation

(11) PEOPLE'S

chartered in March,
1893, to operate and equip with trolley the People's Passenger Ry.,
the entire capital stock of which it purchased on or about Apr. 15,1 893.
In Oct., 1895, the Union Traction Co. acquired all Traction stock at $76
per share, the Pa. Co. for Ins. on Lives & Granting Annuities issuing
therefor its guaranteed trust certificates. On July 1, 1896, the Union
Traction Co. leased the road for 998 years and three months.
Date. Dividends.
Issued.
Maturity.
_ STOCK, ETC.
Capital stock $30
c 200,000 shs. )
Qftn tn
See text.
(Seetext.)
$
Fuiip ald. \
J
Trust oerts., gold,)
1893 4 g. F.-A.
Feb. 1, 1943
$5,807,000
1893,no< subje't > Interest, tax free, payable at Penn. Co. for Insurto call, $1,000. )
ances on Lives, etc., Phila., Trustee.
.

805

Trust certificates were issued by Pa. Co. for Ins., etc., and are secured by pledge of People's Passenger Ry. stock (see that company
above), and by contract of People's Traction Co., whioh guarantees
principal and Interest. Issue limited to $1,000 for 142 7 shares deposited, making total authorized $5,810,000. Of this, $5,807,000 are
outstanding. Sinking fund $25,000 yearly, beginning Feb. 1, 1903,

(12) PHILADELPHIA CITY PASSENGER RY.—A trolley road.
Organization— Incorporated April 9, 1859. Leased to West Philadelphia Passenger Railway Company for 99h years from Jan. 1, 1884,
for interest on bonds, $2,500 per year for organization and dividend of
$7 50 per share. Transferred under lease of Philadelphia Traction Co.
Oct. 1, 1895, to the Union Traction Co.

&

STOCK

BONDS—

Outstand'g.

Par. Date. Interest
$50
$?l2 J_J
500 1861 5 % J - J

Stock, $1,000,000.

1st mort ext'd «$
more, ext a..c.
^
Debentures
r. 500.&0

Land

T][le

|

Maturity.

Seetext.
Jan. 1, 1910
Co ^ TrU8tee

$23°75

paid!

^

$200,000

& Tmgt

5%M-S

Mar. 1.1925

100,000

ROAD— Owns 11-7 miles of track.
(13) PHILADELPHIA & DARBY RAILWAY—A trolley road.
ORGANIZATION— Incorporated April 28, 1857. Leased to the Philadelphia City Passenger Railway Company for 999 years from Jan. 1, 1870,
for $8,000 per annum and interest on bonds. Transferred under lease
of Philadelphia Traction Co. Oct. 1, 1895, to Union Traction Co

STOCK

&

BONDS—

Date.

4 J-J

Istmorteaee
LSI mortgage

Road—Owns
(14)

4

c$
o

Maturity.
Seetext.

Outstand'g.

Interest.

Stock, par $50

$200,000
100,000

M~N

Interest at Land( t.
14-80 miles track.
^

May

1.

1927

& T. Co.. Philadelphia, Pa.

PHILADELPHIA & GRAY'S FERRY PASS. RY.—Trolley.

Organization— Incorporated April 9, 1858. Leased to Philadelphia
Traction Co. tor 999 years, from Jan. 1, 1891, at rental 1st tive years,
$43,225, or $3 50 per share per annum, and $49,400, or $4 per share
per annum thereafter, the lessee to pay all taxes, running expenses
eto. Operated by Union Traction Company since Ootober 1 1895. In
March, 1903, abs rbed the Schuylkill River Pass. Ry. and increased
capital stock to $1,000,000. V. 76, p. 654.
Mis. Date. Int.
Outstand'g.
Last Div., etc.
BONDS—
STOCK
3
8
4 J_J {
8tock, $1,000,000($50)
Seetext.
$

&

aVt $25 pd

I

& Tr. Co. Owns 10 miles
PHILADELPHIA TRACTION—A trolley road.

Dividends at Real Estate Title Ins

(15)

of track

Organization— Incorporated Aug.22, 1883, andseoured control of an
extensive system of roads in Phila., Pa. (about 210 m. of track); which
it
held either by lease or ownership of securities, not in fee.
Under the lease to the Union Traotion Company dated Ootober 1, 1895,
all the leases and the securities owned were assigned to the Union
Company, which assumes all liabilities for rentals, etc.
The lease to Union Traction Co. is for 999 years frouj October 1,
1895. The lease provides for dividends of $4 (8 per cent) per annum
on each $50 share, payable in gold ooin, free of taxes. The collateral
trust 4s are " assumed" by the Union Traction. See V. 61, p. 663, for
extracts from lease. Philadelphia Traction stockholders were allowed
to subscribe for new Union Traction stock. See V. 61, p 197.
Date.
Interest.
Outstanding.
Maturity,
STOCK & BONDS—

8ee text
Aug.15,1917
300.000 ($1,000)0* > Interest, free of tax, payable at LandT AT.Co.
Sub.to call at 105.. ) or Penn. Co. for Insurances on Lives, Trustee.
Open accts. July 1, 1904
$4,064,185
The bonds are secured by deposit of 5,100 shares of W. Philadelphia
and 1,750 shares Union Passenger Ry. stock. Loan, originally $1,300,000, reduced to present figures by sinking fund drawings at 105 (about
$35,000 a year). These bonds and floating debt are " assumed" by the
Union Traotion Co. under the lease.
DIVIDENDS— ? 1885, 86, '87, '88, '89. '90 to '93, '94, 95' '96, and slnoe,
Per cent
2
3
6
5
4
6
\
8 (?)
8 p. o. per an.
Under lease, dividends of 8 p. o. are guar. V. 61, p. 663; V. 73, p. 288.
Road—The system assigned to the Union Traotion Co. aggregated
210 miles, consisting of the following " Passenger Railways:
Stk. ($50) $20,000,000
Col. tr g. bonds. $1,-)

....

8

1887

4

g.

A.-O.
$20,000,000
6t>t,000
F.-A.15

'

Miles.

Miles.

Union Passenger Ry

52-(0 Phila. City Pass. Ry
9-45
27-25 17th & 19th Streets
Wes' Phila. Pass. Ry
8-84
15*25 22d & Allegheny
Ridge Ave. Pass. Ry
8-25
14-80 Morris & Tasker
Phila. & Darby Pass. Ry
7-30
13-10 Catharine & Bainbridge sts.
15th Streets
13th &
5-10
10-20 Other lines
Phila. & Gray's Ferry
18-86
9-80
Continental Pass. Ry
9-80
Empire Pass. Ry
Total of all
21000
-V. 63, p. 311, 5$r, V. 65, p. 514; V. 70, p. 280; V. 71, p. 238

(16) RIDGE AVENUE PASSENGER RAILWAY.
Organization—Consolidation of Girard College Passenger Ry. and
the Ridge Avenue <& Manayunk Passenger Ry on Mar. 8, 1*72. Leased
to the Philadelphia Traction Co. for 999 years from Sept. 1, 1892, for
dividend of $10 per share per an. to Sept., 1895, and $12 per share
thereafter. Operated by Union TractiOD Co. since Oct. 1, 1895.

STOCK

&

BONDS—

Stock, $750,000

Outstand'g.

Interest.

$12 Q-J

$50

[

^Vp'd

per sh.

Last
}

div., etc.

8ee text

-

On account

of some old debts, dividends for 1896 were continued
at $10 per share instead of the $12 as noted above. In 1897 dividends
were increased to $12 per share. Owns 15-25 miles of track.

(17) SECOND & THIRD STREET PASSENGER RAILWAYORGANIZATION - Incorporated April 10, 1858. Leased Jan. 1, 1893
to the Frankford & Southwark Passenger Railway Company for 999
years for the following guaranteed dividends per share per annum
1894-95.
1896-97.
1898-99.
1893.
1902 <fe aft.
1900.
1901.
See below.
$12
$10
$8 50
$10 50
$11
$9
Dividends in 1896 and 1897 were to be $9 50 per annum, but the
dividend for 1896 and for the first half of 1897 was at the rate of $9
per share instead of $9 50, the balance being applied to the payment
of the debt of $27,000 incurred for paving.— V. 62, p. 785.
This lease was assumed by Electrio Traotion Co. July 1, 1893.
Last div., etc.
Outstand'g.
BONDS— Date. Interest.
STOCK
U e 2 204
See text.
Text Q-J $771,076 pd. in.
p ar $5b
i

&

^htrS

"Sundry

liabilities,"

June

30, 1904, $286,495.

RE-

STS. PASSENGER
(18)
ORGANIZATION— Incorporated April 12, 1859. Leased to the Continental Passenger Railway Co. for 99 years from July 1, 1879, at rental
of $15,000 per annum, being 3 per cent on 10,000 shares (of $50 par)
stock, interest on bonds, taxes, expenses, eto. Transferred under lease
of Philadelphia Traction Co., Ootober 1, 1895, to the Union Traotion
Company; all rights of the Philadelphia Traction Co. to dividends on
the 10,000 shares of the 17th & 19th Streets road, whioh were then
held by the Union Pass. Ry. Co. as trustee and lessee, beln* »lso transferred to the Union Company. Stock all owned by Union Trac Co.

SEVENTEENTH & NINETEENTH

c

,

STREET RAILWAYS

806
Stock

& Bonds—

Date.

8tock, par $50

1876

letpvi. ($500)... o)

Intesest.

3%J-J
5%J-J
5% J-J

Maturity.
Bee text.
July 1,1919

Outstand'g.

10,000 shs.

$25 paid.
$100,000

Interest at Land, T. & T. Co., Philadelphia,
Due lessee for additions July 1, 1904, $554,289.
Road—Owns 884 miles of track.

Extended

$

Pa

Philadelphia Traction Company for following rental: From January,
1892, to January, 1894, $9 per share per annum 1894 to Jan., 1897,
from Jan.,
Jan., 1900, $11 per
tlO per share; 1897 totransferred to Union share, and Ootober 1, 1900,
1895
Traction
12 per share. Lease
In an action to restrain the Philadelphia Rapid Transit from building a surface line on Broad Street, the Common Pleas Court No. 2 at
Philadelphia, In December 1904, refused to grant a permanent injunction. Case appealed.
Outstand'g.
Maturity.
Interest.
STOCK
BONDS— Date.
a
8t
$1
;

^Uo%.

.i

**«

1894 5&3i«% J-J

1WM

*»*-*

Jan.

1934

$500,000
c.
90,000
Real estate mtges
The consols are guaranteed principal and interest by the Philadelphia Traction Company, and the coupons are payable tax free; $100,000 of these are 3 1* p. cents and were exchanged for old 7 p.o. bonds of
like amount due Oct. 1, 1903. V. 77, p. 695.
Interest and dividends are payable at office of the Fidelity Trust Co.,
the trustee of both mortgages.
Dividend in July, 1895, $5 uer share; the January, 1896, dividend
was not paid, owing to payment of city's claim for paving. V. 61, p.
1155. In July, 1896, paid $4 per share; in 1897, $10 50 per share; in
1898, $11 per share; in 1899, $11 per share; in 1900. $11 50 per si are;
In 1901, $12 per share; In 1902, $12 per share; in 1903, $12 per share,
in 1904, $12 per share; in 1905, Jan., $6 per share.
ROAD— Owns 15 miles of track. V. 76, p. 734; V. 77, p. 695.
Consols ($500,000)

(20)

i,

UNION PASSENGER RAILWAY—Trolley road.

8, 1864. Leased to Philadelphia
999 years from June 30, 1884, at an annual
rental of $285,000, or $9 50 per share on stock, and interest, taxes, etc
There are outstanding 30,000 shares ($1,500,000) of stock, on which
$30 83^ has been paid in on each share, or a total of $925,000. Stook

Organization— Incorporated April

Traction

Company

for

considered full paid. Its lease of the Continental Pass. Ry. was
assigned to the Philadelphia Traction Co. and since Oct. 1, 1895, operated by the Union Traction Co. The Union Passenger Railway Co. is
still holding, as lessee and trustee, 6,100 shares Empire Passenger Ry.
stock and 10,000 shares of 17th & 19th Streets Passenger Railway.
Interest.
Outstanding. Maturity.
BONDS— Date.
STOCK
is

&

°A&^

St

0)

.:}
1st mortgage ($100 )

and $500)

c. J

2d mortgage ($100 >
and $500)
o. 5

STj°S

^e text.

See text.

Mar.31,1911
5iA-0
1881
$500,000
Not now redeemable before maturity.
Penn. Co. for Insurances on Lives, Trustee.
Mar.31,1910
5xA-0
250,000
1884
Int. on both loans at Land, T. <feT. Co.,Phila.,Pa.

Due lessee company for additions July 1, 1904, $6,656,392.
The 1st mtge. 5s of 1911 were formerly subject to call $20,000 year-

but bonds now bear the following endorsement "By a resolution of
the Board of Directors, passed October 21, 1884, this bond is not subject to redemption before maturity.— J. B. Peddle, Sec."
Road— Owns 56 miles of track.
ly,

(2

:

I

)

Owned.

& Power Co. of Delaware Co.

WEST PHILADELPHIA PASSENGER RY.—Trolley.

Organization— Incorporated May

14, 1857. Leased Jan. 1, 1884, to
the Philadelphia Traction Co. for 999 years, at an annual rental of
$150,000, or 20 per cent on stock, and interest, taxes, etc.; transferred
Oct. 1, 1895, to Union Traction Co.
Interest.
Outstand'g.
Date.
Maturity.
STOCK
BONDS—
Stock, par $50
$10 J-J
$750,000
See text.
1st mort. ($1,000), <
246,000 April 1, 1906
1876
gold
Girard Trust Co., Philadelphia, Trustee.
c (

&

6A-0

May 1, 1926
1886
5 M-N
750,000
2d mort. ($1,000)..
Pennsylvania Co. for the Ins on Lives & Gr. of
Free from tax.
Annuities, Philadelphia, Pa., Trustee.
Interest on both loans payable at Land, T. & T. Co., Philadelphia, Pa.
Due

229

"
"
Reading & Blrdsboro Ry.
"
"
Reading Power Co.
"
Reading & Lancaster St. Ry. "
Roxboro Chestnut Hill & Norristown Ry Co
Schuylkill Valley Traction Co
Southwestern St. Ry
Trenton Street Ry
Trenton Traction Co
United Traction Co. of Reading, Pa
.

& Wyoming Valley Traction

Wilmington & Chester Traction
Wilmington City Electrio
Wilmington & Great Valley Turnpike Co
Wilmington & Phila. Turnpike
Wilmington & Christiana Turnpike Co

5,993
9,993
14,993
9,991
1,631
6,992
1,142

600
400
200
240

.

7,500
6,000
10,000
1 5,000
10,000
1,640
7,000
2,600

600
400
200
240

4,938
9,990
7,995
19,953
18
7,991
49,989
39,993
5,089

& Philadelphia Electric Ry
Edison Electric Illuminating Co. of Lebanon, Pa
Holmesburg Tacony & Frankford Electric Ry. Co
LebanonValleyStreetRy.ee
Media Glen Riddle & Rockdale El. St. Ry
Philadelphia & Chester Ry
Reading & Southwestern Ry
Reading & Hamburg Ry. (10 per cent paid)

Wilkesbarre

Total
Stock,

Shares. Shares.

Stocks.

Citizens* Electric Light

Delaware County

(19) THIRTEENTH & FIFTEENTH STS. PASS. RY.— A trolley road.
Organization— Incorporated April 8, 1859. Leased Jan. 1, 1892, to

&

[Vol. lxxx.

4,968
10,000
8,000
20,000
178-10
8,000
50,000
40,000
5,100
1,040
1,200

6,

.

974
1,035

644

680
Total

Bonds.

&

Power Co. 1st M. 5 p. o...
Citizens' Electric Light
Phila. & Chester Ry. Co. 1st M. 5 p. o
Schuylkill Valley Traotlon Co., Inc. Mtge
Southwestern St. Ry. Co., 1st M. 5 p. o

Owned.
Issue.
$12,500 $12,500
80,000 350,000
100,000 300,000
260,000 400,000

STOCK AND Bonds.— Slock

authorized, $12,500,000; shares $25, full
In Mar., 1902, the outstanding stook was Increased from; $3,125,000 to $3,593,750 (V. 74, p. 682), the additional shares being sold
to stockholders at $35 per $25 share. Bonds, 4 per cent collateral
paid.

trust certificates, are in two series, which we have marked (a) and (b)
below. ['Both bonds and stock listed on Philadelphia Stock Exchange.]
(a) Under a Trust Agreement between the United Power <fe Transportation Company and the New York Security & Trust Company,
trustee, dated May 1, 1899 (under which $7,989,339 United Railways Gold Trust Certificates have been issued by the said trust company as trustee), the United Power & Transportation Company has
deposited with said trust company 19,953 shares Trenton Street
Railway Company, 39,993 shares Wilmington & Chester Traction
Company, 14,993 shares Holmesburg Tacony & Frankford Electrio
Railway Co., 7,991 shares the United Traotlon Company of Reading,
Pa., 5,089 shares the Wilmington City Electrio Company and 49,989
shares the Wilkes Barre & Wyoming Valley Traction Company.
(b) Under a Trust Agreement between the United Power <fe Transportation Company and the Real Estate Title Insurance & Trust
Company of Philadelphia, dated May 1, 1899 (under which $998,950 United Railways Gold Trust Certificates have been issued),
the United Power & Transportation Company has deposited with the
said trust company, as trustee, 5,993 shares Delaware County St
Philadelphia Electric Railway Co. Under the above agreement an additional amount of $1,166 66 of certificates will be Issued upon deposit with the trustee of the remaining shares of the capital stook of
the Delaware County & Philadelphia Electric Railway Company.
The principal of both series (which are In $100, $500 and $1,000
pieces) is due at option of holder on July 1. 1949, and thereafter on
any Jan. 1 or July 1, at the option of the United Power and Transportation Co. For both series, also, the semi-annual Interest (J. & J.) and
the principal are payable in gold coin, free of tax, at the office of the
Real Estate Title Insurance & Trust Co. of Philadelphia, trustee.
DIVIDENDS—On Jan. 20, 1900, a dividend of 50c per share was paid;
also same amount July 16, 1900; in 1901, Jan. 21. $1; July 10, $1; in
1902, Jan. 20, $1; July 10. $1; in 1903, Jan. 20, $1; In V 04, Jan. 16,
$2-66; in 1905, Jan. 24, $2-39.
Report— For years ending Deo. 31:
From
interest
Taxes, Dividend
Balance,
Calendar

on 4s.
etc.
paid.
surplus.
$359,520
$4,537
$343,562
$708,512
$894
359,512
201
747,023
4.936
382,375
*720,560
359,512
5,396
268,750
86,902
*Thls includes $187,500 premium on 18,750 shares of stock issued.
Earnings.— Of all electric light and railway companies controlled,
for year ending Dec. 31, 1903, gross, $3,792,fi43.
Officers.— President, John A. Rigg; Vioe-Prest., Jos. L. Caven,
Sec. and Treas., Remi Remont Counsel. R. L. Jones. General offices;
Mariner & Merchant Bldg., Phil.- V. 78, p. 284, 288; V. 80, p. 713.
Investments.

year.

1904
1903
1902

:

lessee for additions to July, 1904, $2,509,620.
ROAD— Owns 27-25 miles of track

(1)

A

INTER-STATE RAILWAYS-

Organization— Incorporated In New Jersey on December 3, 1902,
with very broad powers. Is empowered to acquire aad operate railroads, to develop and furnish all kinds of motive power, to manufacture, mine and deal in coal, gas, oil, electricity, steam, light, heat,
etc., etc. In December, 1902, obtained control of the United Power

&

Transportation Company through purchase of the outstanding
($3,593,750) capital stock, on a basis of $75 for each $25 share,
payable in collateral trust bonds. Up to February 1, 1904, $3,592,200
of this stock had been exchanged for bonds on this basis. United
Power shareholders also had the right to subscribe for one share of
Inter-State stork for everv fourteen held.
The Inter-State Rwys.
likewise owns $250,000 Wilkes-Barre & Wyoming Valley Trao. 5 per
cent collateral trust bonds. Has also acquired the franchises and
capital stock of about 40 projected companies, which propose operating in New Jersey and Penn. See V, 75, p. 1399.
Interest. Outstanding.
Date.
Maturity.
STOCK
BONDS—
Stock, $10,0i i0.000($l 00)
$2,000,000 f. p
Collateral trust, gold, ) 1903 3-3^ 4g.F-A 10,776,600
Feb. 1, 1943
$10,781,250
c* J Int. at Real Est.Title, Ins. & Tr.,Phila., trustee.
Stock was listed on the Philadelphia Stock Exchange in April, 1903.
Bonds are dated Feb. 1, 19(j3, and are secured by deposit of United
Power & Transportation stock. They bear 3 p. o. Interest the first
year, 3*2 the second and 4 the third and subsequent years. Denominations. $100, $500 and $1,000. Are subject to call at 105 and inter
est after Feb. 1, 1913, on 30 days' notice.
Report—The first annual report coverine the year ending Jan. 31,
1904, shows: dividends (10 64 p. c.) on $3,592,200 stock of the United
Power & Trans. Co. (See V. 78, p. 234, 288), $38^.210 other Income,
$21,236; total, $403,446; lntereston Inter-State Rys. coll. trust bonds,
$323,280; expenses account and taxes, $9,979— $333,259; sur., $70,186
OFFICERS— President, John A. Rigg. Vice-Pres., Jos. L. Caven; Sec
& Treas., Remi Remont —V. 78, p. 702; V. 79, p. 2147.

&

;

UNITED POWER & TRANSPORTATION

CO.— Electric roads.

Incorporated April 20, 1899, under New Jersey laws to construct
operate and own street railways, power companies, etc, and do a
general business (V. 68, p. 929). In Dec, 1903, stock was acquired by
Inter-State Railways Co., which see immediately above.
On Jan. 1, 1904, owned the following stocks and bonds. We show
also the total amounts outstanding of each issue.

DELAWARE COUNTY & PHILADELPHIA ELECTRIC RY.-

trolley road.

Organization— Incorporated May 11, 1892. Completed from
Media, Pa., to Baltimore Avenue, Philadelphia, In January, 1895;
connects with the Chestnut & Walnut Street cars of the Union Traction
system. In May the United Power & Transportation Company acquired the road, paying $150 per share for the stock In its 4 per cent
trust certificates secured by a deposit of the stock.
Outstanding.
Date.
Interest.
Maturity.
BONDS—
STOCK
$300,000
See text,
Stock, $500,000 auth
64,000 July 1, 1918
!893
6 J-J
i = mortgage.$64,000 5
m «^<, a o-A *fid nnn \ Illtere8t at Glrard Nat Banki PMla
1st
DIVIDENDS— Paid in dividends: In 1899-1900, $36,000; in 1900-01,
$27,000; in 1901-02, $21,000; In 1902-3, $21,000.
Road— Owns 12 miles of track. Rails 80-lb. T and girder.
EARNINGS— For year ending Dec 31, 1903, gross, $88,581; net>
$40,746; int., taxes, etc., $19,745; dividends, $21,000; bal., surplus,$l»
OFFICERS— Pres., John A. Rigg; 8ec and Treas.. T. W. Grooket Jr.

&

.

(2)

.

HOLMESBURG TACONY & FRANKFORD ELECTRIC RY.-

A

trolley road.
Acquired in 1899 by United Power & Transportation Co. Paid $35
In 4 p. c trust certificates for eaoh $50 share of the Holmesburg Co.

Organization— Incorporated Sept. 29, 1890. Opened Oct. 6, 1895
Outstand'g.
Maturity
Date.
Interest.
STOCK & Bonds—

$750,000
Stock (par $50) $800,000
400,000 Ma v, 1925
5g. M-N
1st mort., $400,000, gold. < 1895
c* t
West Phila. Title & Trust Co., Trustee.
$1,000 and $500
Interest is paid at R. U. Title Ins. & Tr. Co., Philadelphia.
ROAD— Total track owned, 16-18 miles; track leased, 111 miles.
Earnings—Year ending Dec. 31, 1903, gross, $140,511; net. $63,958;
Int., taxes, rentals, etc, $42,955; dividends, $21,000; bal., $3.
OFFICERS.— Pres., John A. Rigg; Sec and Treas., T. W. GroJKet
(3)

LEBANON VALLEY STREET RAILWAY.— A trolley road.

Organization.— Incorporated on June 28, 1899, as a consolidation
Lebanon <fe Annsville 8treet Railway and the Lebanon & Myerstown Street Railway. The United Power & Transportation Co. owns
of the

9,991 shares out of the 10,000 shares of the oapital stock.
Date. Interest. Outstand'g.
BONDS—
STOCK

&

K-WOOO
mort.
1st

(per $50)

10-308, gold

... <

rW

£ Int at

"£j

5 *

Re

Egt

^

Maturity.

*|^Jo July 1. 19*29
& TCo< pM]a

Tme

STREET RAILWAYS.

Feb., L905.]

ROAD— Owns 24 miles of traok.
Earnings— For year

to Deo. 31. 1903. gross. $81,835; net, $37,483;
Int., taxes, etc., $27,477; dividends, $10,000; balance. $6.
Officers— Pres't, John. A. Rigg; Seo. and Treas., T. W. Grooket Jr.;
Asst, 8eo. and Treas., Remi Remont.

(4)

ROXBOROUGH CHESTNUT HILL & NORRI8TOWN RY.—

A trolley road.

& Trans. Oo. owns

4,933 outof the 4,968 shares of
the capital stock. In Jan., 1902. was leased for 950 years to the Schuyl$4-50 per share, payable semi-annually.
kill Val. Trao. at a rental of
Organization— Incorporated Dec. 24,1895. In 1898 leased the Wis
sahiokon Electric, Similes, for 999 years; rental to be 2 p. c. on the
$145,800 stock for the flrst two years, 3 p. o. for the next six years, 4
p. o. for the next seven years and 5 p. o. for the rest of the
term. Also owns $199,650 of the $200,000 stock of the Trappe A Limerick Electric Street Ry. Now operates 22 miles of track. In June,
1896, tiled a mortgage for $450,000 to the Real Estate Title Insurance A Trust Co., Philadelphia, securing 5 per cent gold bonds ($1.000), J&D, due June 1,1926. Issue reduced to $396,000, of which
$371,000 was outstanding Feb., 1904, and $2>,000 held in Treasury. Capital stock Issued, $248,400; par, $50. "Sundry liabilities"
June 30, 1903, $199,000.
Earnings are included in the Sohuvlkill Valley Traction Co. President, J. A. Rlgg; Seo. and Treas.. T. W. Grooket Jr.— V. 62, p. 1042.

(5)

SCHUYLKILL VALLEY TRACTION.—Trolley.

in September, 1893, as successor to the
Norristown Bridgeport & Conshohocken Traction Co. Sinoe Jan. 15,
1895, has controlled and aperated the Consb ohooken Ry ,the Montgomery
County Pass. Ry., the Citizens' Pass. Ry., Ambler Electrio, Collegeville
Electric St. Ry. and the Norristown Pass. Ry. The corporate existences of the several companies are to be maintained, but their bonds
will be taken up as rapidly as possible.
In Jan., 1902, leased for 950 years the Roxborough Chestnut Hill
A Norristown Ky.; also the Trappe A Limerick Electrio Ry.
The United Power A Transportation Co. has acquired $499,500 of the
$500,000 capital stock and the entire $100,000 income bonds.
Outstanding.
Date. Interest.
Maturity.
STOCK
BONDS
Stock, $1,000,000 ($50)
$500,000
Istmort., $400,000, gold) 1895
5 g. F-A
245,000
Nov., 1945
oj Int. at West End Trust Co., Phil., trustee.
($1,000)
Income mort., $100,000, ) 1899 5 ann.
100,000 Aug. 1, 1949

Organization—Incorporated

.

&

( WestEndTrustCo., Phila., trustee.
($500)
"Sundry liabilities" June 30, 1903, $374,481.
Of the $500,000 1st mortgage dated 1895, $100,000 has been
retired and destroyed, $75,000 has been reserved to take up like
amount of the Norristown Passenger Ry. bonds and $80,000 to retire

the Citizens' Passenger Ry. bonds.
The securities of the subsidiary companies are as follows, including
both those held by the publio and by the parent company:
Issued.
Miles. Interest.
Company, <£c.
Maturity.
Citizens' Pass. Ry. stock..
6 1*
$79,520f.p. 38s in '02-03
80,000
Feb. 1, 1925
5g. F-A
1st mort., gold, $80,000,)
guaranteed
Subject to call at 105 Feb. 1, 1905
513
Ry. stock
Conshocken
145,900
100,000
July 1, 1924
1st mortgage, guaran'd
5^ 5 g. J-J
principal and interest..
Subject to call at 105 July 1, 1904
Montg. Co. Pass. Ry. stk.
150,000
1*3 6
1st mortgage, gold
J-J
15,000
1924
414
Norristown Pass. Ry. stk.
75,000
6% in '02-03

—

1st

4M

mortgage

6

J-J

1923

75.000

Road— Operates 53 miles of track,

including lines of above-mentioned
companies, and also Roxborough Chestnut Hill & Norristown.
Earnings— For fiscal year end. Dec. 31, '03, gross, $306,847; net, $82,768; int., taxes, rentals, etc., $96,856; bal., def., $14,083. V. 70, p. 281.
Treas., T. W. Grooket Jr.
Officers.— Pres., John A. Rigg; Secy.

&

(6)

TRENTON STREET RY—Trolley. The United Power A

Trans-

owns 19,953 out of the 20,000 shares of stook.
Organization— Formed June 29, 1898, by consolidation

portation Co.

of the
Trenton Passenger Ry., Mulberry Street Pass. Ry., Pennington Ave.
Passenger Ry. and Ewing Passenger Ry.
In August, 1 899, the Mercer County Traction Co. was formed, with
a capital of $100,000 and authorized bonds of $300,000, of which $130,000 are outstanding, to enable the Trenton Street Ry. Co. to build an
extension of 7 3 miles into Princeton. Stock and bonds all owned
by the latter, and is operated as a part of that company's system. In
June, 1903, acquired entire capital stock of the Trenton Pennington
A Hopewell Street Ry., whioh it also leases.
-

&

Date.
Bonds—
Stock
8tock, $1,000,000, p. $50
.
Tr. Pass. First mort
$1,000,000, gold
$1,000 each, o*
Interest at Nat. Mechan.
1891

Interest. Outstand'g.

Maturity, etc.
See earnings
$1,000,000
$100,000
1906 to 1915
f
($10,000 due yearly Sept. 30)
$150,000
1916 to 1925
6g. A-O { ($15,000 due yearly Sept. 30)
Bank, Trenton,N. J.
$100,000
1926 to 1930
($20,000 due yearly Sept. 30)
$650,000
Sept. 30, 1931
1 89
July 1, 1938
Consol. mort., gold...".. 5 T „ t8 . Sg.J-J $1,000,000
Int. in Trenton and at R. E. Title Ins. & Tr.
$2,000,000, $l,OOO..o* \ Co., Phila.;
Gir. Trust Co., Trustee.
Bonds— $1,000,000 consol. 5s of 1898 are reserved to retire 1st 6s.
Road— Owns about 51 miles of track. The new tracks have90-lb.
Johnson girder rails. Has power house of sufficient dimensions to
©per ate the system and also to light the city.
EARNINGS.— Year ending Deo. 31, 1903, gross, $426,458; net, $166,473; int. and taxes, $136,542; bal , $29,931; dividends paid, *39,930.
Officers— Pres., John A. Rigg; Vice-President, H. C. Moore; Seo.
and Treas., T. W. Grooket Jr.— V. 68, p. 284, 475.
(

(7) UNITED TRACTION (OF READING)—
In 1899 control acquired by the United Power A Transportation Co.,
which holds 7,991 out of the 8,000 shares of stock. Stockholders were
given $75 in 4 per cent collateral trust bonds of the Power A Transportation Co. for every $50 of United Traction Co. stock held, with
right to subscribe for Power & Transportation stock.
Organization— Incorporated on Dec. 17, 1895, in perpetuity, to control the Reading Traction, leased on Jan. 1, 1896, for 900 years, and
Reading & Womelsdorf Elec. (stock owned) roads. Also owns the stock
of the Metropolitan Elect. Co., the Oley Valley Ry. Co., tho Neversink
Mountain Ry., Front A Fifth St. Ry. Co., and Birlsboro St Ry. Co.
On Aug. 1, 1901, the United Traction, leased the Reading A South
western Ry. of 7^ miles, for 999 years, for interest on $100,000 bonds
and 12 per cent on the $130,000 capital stock. Alsoleases the Adamstown & Mohnsville Elec. Ry. for 999 years from Jan. 1, 1905, paying
as rental 37*2 p c. of the gross receipts, but not in excess of $25,000.
Stock
Bonds—
Date.
Int.
Outstand'g. Maturity.
Stock, $400,000 (par, $50)
$400,000 full nd
lstM.,coll. trust, gold, $150,-) 1896 5g J-J
149,900
"Jan.1,1926
000 (par $100 & $1,000) ..o* $ R. E. Title, Ins. & Trust, Phila., Trustee.
July 1, 1931
Olev Vgllev Rv 1st mort ( 1901 41*8- J-J 250,000

&

°^»JI\A^
Current

I- AT, Co.,

"sundries," July 1, 1903, $916,369. Interest at
Bonds subject to call at par after three years.
Road— Operates 72 miles of track (Read. Trao, 4li« miles, Reading
& Womelsdorf Elec, 15 miles) in and between Reading; Womelsdorf,
Black Bear and Stony Creek; Read. A Southwestern, 7>a miles.
Co.'s office.

Earnings—Year end. Dec. 31, 1903, gross, $600,368; net, $225,176;
taxes, rentals, Ac, $203,517; divs., $20,000; surplus, $1,659.
Officers— President, John A. Rigg; Vice-Pres., Remi Remont; Seo.
A Treas., T. W. Grooket, Jr— V. 76, p. 1086, 1302.
Controlled by United Traction Co.
Int.,

(a)

The United Power

liabilities,

807

READING TRACTION— A trolley road.

Organization— Chartered March

9, 1893, to operate the Reading
City Pass. Railway and East Reading Passenger Railway, which it
equipped with electricity and leased for 99 years, the former from
April 1, 1893, and the latter from May 1, 1893. Road leased in December, 1895, to the United Traction at a rental of $10,000 annually for
tirst three years, $20,000 for next two and $30,000 thereafter.
STOCK & BONDS— Par. Date. Interest. Outstand'g. Maturity,
8tock., $1, 000.000 au. $50
J-J
$1,000,000
See text.
lstM.,$600,000, g.,gu<
445,000 Jan. 1, 1933
1893 6g. J - J
Not subject to call o.* I Provident Life <fe Trust Co., Phila., Trustee.
Due lessee company June 30, 1903, $200,460.
Interest is payable in Philadelphia at Bank of North America and in
Reading at the office of the company and National Union Bank.
Bonds—Of the Reading Traction flrst mortgage bonds for $600,000;
$112,000 are reserved to retire Reading City Passenger bonds when due.
Dividends-ln 1900, 2p.c; in 1901. 2>« p. c; in 1902, 3 p. o.; in 1903.
3 p. c; in 1904, Jan., \ p. c; in 1905, Jan., % p. c.
leased lines secur's. Par. Date. Interest. Outstand'g. Last div., etc.
Reading City Pass. Ry.
Stock (see below)
$50
J-J $350,000
See text.
IstM
1889
5 A-O
112,000
Apr., 1909
East Reading Elect. Ry.
50
Stock, full paid
See text.
J-J 100,000
Bonds. $25.000
1897
5 p. c.
25,000 July 1, 1937
Read. & Temple Elec. Ry.
7 A-O
Stock, $75,000, guar
73,700
See text.
1894
1st mtg., $75,000
5 A-O
73,700 Oct. 1, 1924
Dividends on Leased Line Stocks—The Reading City Passenger stook
to reoeive dividends. 1896 to 1899 inclusive, 10 per cent 1900 and
thereafter, 12 per cent. East Reading stock receives dividends 1896
;

:

$6,500; 1897 to 1900 inclusive, $7,000; thereafter, $8,000. Reading
& Temple Electrio pays 7 p. o. annually in dividends, A. A O.
Road- Owned and leased 41 >a miles of track. V. 64, p. 177.

(b)

READING A WOMELSDORF ELECTRIC RAILWAY.

Organization, Etc—Owns 15 miles of track. Controlled through
ownership of stook by the United Traction Co., which operates the road.

&

Date. Interest. Outstand'g. Maturity.
STOCK
BONDS—
Stook
$500,000
1st mortgage, $400,000, < 1895 5 g. J-J
386,000 Jan. 1, 1925
gold.o* ($100, etc.)
(Real Est. Title Ins. ATr., Phila., trustee.
Interest at Reading Trust Co. of Reading, Pa.

(8) WILKESBARRE & WYOMING VALLEY TRACTION.—The
United Power & Trans, owns 49,989 out of the 50,000 shares of stook.
Organization—Incorporated Feb. 7, 1891; controls all the street
railway lines in the Wyoming Valley, Pa., extending f rom Wilkesbarre
to Duryea and Nanticoke on east Bide of Susquehanna River and
Pittston and Plymouth, on west side. In Dec, 1902, made collateral
trust mortgage for $250,000 to purchase stock of the Wilkesbarre
Dallas & Harvey's Lake Ry. Co. and for other purposes. These bonds
are held by Inter-State Rys.

&

STOCK

BONDS—

Date.

Outstand'g.

Maturity.
$5,000,000
See text.
1891 5g. A-O
<
1,500,000 Apr. 1,1921
c* I Interest at Provident Life & Trust, Phila.
($1,000)
Collat. Tr. & Mortgage J 1895 5g. J-J
$317,000
Jan. 1, 1925
$325,000, gold
\ Int. at Anthracite Sav. Bk., tr., Wilkesbarre.
Coll. Tr & mort., gold J 1902 5g. J-D
Dec 15, 1922
$250,000
($1,000), $250,000. o* <Int. at Real Est. Title, Ins.* Tr. Co., Phila., Tr.
Accounts payable June 30, 1903
$426,353
Underlying Bonds on Roads Purchased—
7
Coal ville Pass. Ry. mtg
12,000
5 p. c
^Tract-V).
Wilkesb. & Surb. bonds
4 p. o.
40,000
July 1,1918
Wilkesb. & W. Side bds
[5p.o.'
35,000
Sept. 1,1918
Guaranteed bonds
Pltt.8t.CarlstM.($1000) ) 1893 6g. J-D
$200,000
Dec 1, 1918
g.c*,p.Ai.unoondit'ygu. s Int. at Real Estate L. ATr. Co., Phila., Trus.
PlymouthBr. Oo.lstgold < 1894 5g.A-0
$150,000
Oct. 1,1924
M.$150,000, guar.p.&i. \ Int. at Anthracite Sav. Bk., trustee, Wilkesb.
$10,000 subj. to call in 1904 and $3,000 yearly thereafter.
Wilkesbarre & Kingston
90,000
Aug. 1, 1918
5 F-A
Wilkesb're&E. SideRy
150,000 See (fl) below.
5s
Bon ds— Interest on the Wilkesbarre & Kingston bonds reduced to
5 p. o. in Aug., 1903, and bonds extended to Aug. 1, 1918. Int. on the
Wilkesbarre A Suburban bonds reduced in 1903 to 4 p c. and bonds
extended to July 1, 1918. The Wilk. &Wyo Valley coll. tr. bonds of
1902 are subject to call after 10 years at 105 and aocrued interest.
Dividends—-In 1896, Jan., 1 per cent; July, 1 per cent.; in 1897,
Jan., 1 p. c; in 1898, Jan., 1 p. c; in 1899, Jan., 1 p. c In 1899-00,
3%; in 1900-01, 3%; in 1901-02, 4*4%; in 1902-03, 3 p. o.
Road— Comprises 67 miles of traok. See Chronicle of Feb. 22.J1896
Interest.

Text.

8tock (par $100)
1st M. $1,500,000, gold

.

—

page 361.

Companies Controlled in System—The following table shows the
several companies operated, their mileage, capital stock, and the
amount of it owned by the Traction Company, their debt, and Anally
the rental payable under 999-year leases; 6 per cent here meaning 6
per cent on the outstanding capital stock; and $1 meaning a nominal
rental, the company having only a nominal existence.
.

Name of Company.

Miles.

Stock.
Issued.
Owned.

>

Debt. Rental.
Coalville Passenger Railway 5-67 $62,400 $33,700 '$12,000 6 p.o.
Nanticoke Street Railway.. 968
12,000
12,000
None.
$1
42,000
Plttst. Moosio & P. V. St. Ry. 1-95
42,000
None.
$1
8-82 200,000 200,000 200,000
Pittston Street Car
Plymouth Street Railway... 6-00
12,000
12,000
None.
$1
W. Pittston A Wyo. St. Car.. 2-25
30,000
30,000
None.
$1

& East Side*} .. 5-00
& Kingst. Pass. Ry. 660
& Suburb. St. Ry.. 1000
9-63
Wilkesbarre & West Side

150,000 150,000*150,000
100,000
99,700
90,000 6 p.o.
100,000
93.500 '40,000 6 p.o.
100,000
92,450 *35,000 6p.O.
Plymouth Bridge Co
75,000
75,000 150.000
stock and bonds deposited under collateral trust of 1895.
II Entire
'Entire amounts all owned by the W. & W. Valley Trao., with the exception of the Wilkes. A West Sido, of which only $23,0>)0 is owned.
EARNINGS.— For year ending Dec. 31, 1903: Gross, $804,181; net,
$311,9b5 interest, rentals and taxes, $161,961 dividends, $150,000
surplus, $4.-V. 66, p. 285; V. 68, p. 830, 1134; V. 69, p. 29.
Wilkesbarre

.

Wilkesb.
Wilkesb.

;

(9)

:

WILKESBARRE DALLAS A HARVEY'S LAKE RY— The

WUkesbarre & Wyom'g Val.

Tr. Co. owns 3,875 out of the 4,000 shares.
Organization— A reorganization in 1898, per plan in V. 66, p. 1190,
of the Wilkesbarre & Northorn RR.,sold by sheriff in Sept., *93. 2.aad,
partly constructed, was completed and eleotrioally equipped by new
company fro u Luzerne, Pa., there oonneotinj? with wilkesbarre A
Wyoming Valley Traction, to Harvey's Lake, Pa., 1248 miles.

e

:

[Vol.
STREET RAILWAYS.
Maturity.
Outstanding.
PITTSBURG, KANSAS.
1903, 2%
$200,000

808
&

Date.
Interest.
Bonds—
Stock
2 p. 0.
Stock, #200 000 ($50).
Sept. 15, 192S
150.000
mortgage, $150,000.) 1898 5 g. M-S
let
srold, $500
o' $ Int. at Anthracite Sav. Bk. Wilkesbarre. True.
EARNiNQS-ForyoartoDeo. 31,1903: Gross, $53,850, net. $16,393;
Int., taxes, etc., $10,336; divs., $6,000; sur., $57.— V.69, p. 133.
,

& Trans. Co. owns 39,993

out of 40,000 shares of stook.
Incorporated March, 1898. Controls all the street
ORGANIZATION.—
railway lines of Wilmington, Del., and Chester, Pa., comprising with
leased lines about 71 miles of traok. It controls the line from Chester
to Media, also the line to Darby, where connection is made with the
Union Traction Company's line to Philadelphia. In 1898, acquired
all the stock of the Wilmington City Ry. ($517,850) and of the Chester
Traction Co ($500,000), both of which are deposited under the collateral trust mortgage of the Wilmington & Chester Traotion Co. The
Chester Traction Co. holds all the stock of the Union Railway Co..
$100,000; Chester & Media stock, $35,000; Chester Darby & Philadel
phia stock, $65,000; total, $200,000.

Unlted Pow.

&

Date. Interest. Outstand'g.
8tock. $2.000,000; $50.f.p.Listed on Phil. Ex. $2,000,000
1898 5 g. A-O
2,305,000
Coll. tr., gold, $4,000,000 >

Stock

Maturity.
1903, 6%

BONDS—

Apr.

1,

191s

($500and$l,000ea.).o* S Provident Life & Trust Co., Pnila., trustee.
Securities of subsidiary lines (not owned)—
600,000 Sept. 1. 1911
Wil.CitylstM.,$600,000, \ 1891 4 g. M-S
c \ Int. at Equit. Guar. Tr. Co.,Wilmington, Del.
gold, $500 each
Chester Trao. 1st M., gold
250,000 May 1, 1914
o* 1894 5 g. M-N
($250,000)
Leased to Chest. Tract.—
Union Ry. Co. 1st M., gold
..«--.
200,000 Jan. 1, 1913
1893
5g. J-J
<$500 & $1.000)c
150,000 rental lOp.o.
J-J
10
Chester St. Ry. stock ($50)
100,000 July 1, 1913
Ches. <fe Media El. Ry.gold) 1893 5 g. J-J
125,000 July 1, 1913
5 g. J-J
Ches. Darby &Phila. gold. 1893
Interest on Chester Traction, Union Ry., Chester Street Ry., etc.,
payable at Delaware County Trust Co., Chester, Pa., and interest upon
all the latter guaranteed by Chester Traction Co.
Bonds—$1,695,000 collat. trust 5e of 1898 reserved to retire underlying securities and guaranteed stock. Bonds subject to call at 103
after Apr. 1, 1914. Wilmington City bonds were subject to call on Sept.
1, 1901, but interest reduced from 5 to 4 p.c. and right to call canceled.
Earnings— For year to Deo. 31, 1P03. Income from securities owned,
$238,973; interest, taxes, etc.. $118,969; dividends, $120,000. surp. $4.
OFFICERS— Pres., John A. Rigg; Sec and rreas., T. W. Grooket Jr.;
Asst. Sec and Treas., Remi Rernon t^V. 68, p. 620, 929.

(a)

CHESTER TRACTION—A trolley road.

entire stock of Chester Traction and also
the Wilmington City Ry. (Delaware) acquired by Wilm. & Chester Trao.
Chester Traction Co. holds all the stock of Union Ry. Co., $100,000,
Chester & Media stock, $35,000, Chester Darby & Phila stcck, $65,000.
All interest payable at Delaware County Trust Co., Chester, Pa. Interest upon all subsidiary securities guaranteed by Traction Co.
Interest.
Outstanding. LastDiv.dc
Date.
Bonds—
Stock
In 1903, 4%
$500,000
Stock ($500,000); par, $50
250,000
May 1, 1914
5 g M-N
1st M., gold. ($250,000) S 1894
c* ) Int.atDel.Co.T.S.O.&T.Ins.Co ,Chester,Trus.
($1,000)
Accounts payable June 30. 1903. $432,365.
Road— Company operates 33 miles of track
Earnings— Year ending Dec. 31, 1903,gross, $333,370; net, $125,147; interest, taxes, rentals, etc., $105,142; dividends, $20,000; bal
ance, surplus, $5.— V. 71, p. 1312.

Consolidation— In 1898

&

(11)

PHILADELPHIA & CHESTER RY.— A trolley road.
& Chester Ry. is

$349,600 of the $350,000 stock of the Philadelphia
owned by the United Power & Transportation Co.

&

Interest. Outstand'g.
Date.
Maturity.
BONDS—
STOCK
$350,000
Stock, $350,000 ($50)
< 1900
5 g. M-N
350,000 Nov. 1, 1930
1st mtge.. $350,000 ($500
c* (Int. at Finance Co. of Penn., Phila., Trus.
& $1,000), gold.

Bonds cannot be oalled.
EARNINGS— For year ending Dec. 31, 1903, were: Gross, $23,807;
net, $920; interest and taxes, $18,790; balance, deficit, $17,870.
Road.—Owns and operates 8 83 miles of track from Philadelphia to
Chester and from Essington to Moore's Station
OFFICERS.— President, J. A. Rigg; Treasurer, T. W. Grooket Jr.
(12) SOUTHWESTERN STREET RY.—A trolley road.
Chartered Sept.

STOCK

&

3,

1897.

BONDS—

Date. Interest. Outstanding.

Maturity.

$400,000
Stock, $400,000 ($50)
1929
1st M., $400,000 (cannot be $ 1899 5, 4 g.F-A 400,000
Int at West End Tr. Co., Phila., trustee.
called), gold <$1,0<>0
I
Suncry liabilities June 30, 1903, $165,027.
Stock and Bonds.— $260,000 bonds and all the stock are owned by the
United Power & Transportat'n Co. Interest on the remaining $140,000
was reduced to 4 p. c, in consideration of their guarantee, p. & i., by
the Chester Traction Co.
EARNINGS— For year ending Dec. 31, 1903, -were: Gross, $54,581; net,
f 21,522; interest, taxes, etc., $21,518; bal., surplus. $4.
Road— Owns and operates 16 miles of track within the limits of
Philadelphia. Track laid with 90-lb. girder and 60-lb. T rails.
OFFICERS— President, John A. Rigg; Treasurer, T. W. Grooket Jr.

PHOENIXVILLE, PA.

PHOENIX GAS & ELECTRIC
and

PITTSBURG- RAILROAD.-

Organization— This company was formed as successor to the Pittsburg Frontenao & Suburban Electrio, the Pittsburg Eleotrlo Ry., the
Forest Park Electrio Ry. and the Pittsburg Weir City
Columbus RR.,
<fe

sold at foreclosure in Ootober, 1899.
Outstanding.
Date.
Interest.
Maturity.
STOCK
Bonds—
Stock $125,000 ($100)
$125,000
1st mortgage, $125,000 < 1900
125,000
Jan. 1, 1920
5 J-J
(Int. at Merchants' Trust Co., Phila., trustee.
($1,000), coupon
ROAD— Operates 14 miles of track, running from Pittsburg to Last
Chance and Frontenao on the north, and to South Broadway, Fairall

WILMINGTON & CHESTER TRACTION-

(10)

I

lxxx.

CO.-Gas,

electric

trolley.

Organization.—Incorporated in New Jersey Sept. 21, 1901, for the
purpose of acquiring and operating all of the gas, eleotrlo and street
railway properties of Phoenixville, Royersford and Spring City, Pa.

Has acquired

the entire stock of the Schuylkill Valley Illuminating
Gas Co. and Montgomery & Chester
Electric Ry. Co. The capital stocks of these companies, together with
the entire issue of bonds ($100,000) of M. & O. Elec. Ry. and part of
the bonds of the other two companies have been deposited with the
trustee as collateral for the new mortgage. V. 74, p. 271.
Date. Interest. Outstanding.
Maturity.
BONDS—
STOCK
$800,000
Stock, $1,000,000
831,500
Phoenix Gas & E., Col.) 1901 5 g. A-0
Oct. 1, 1951
Tr., $1,000,000 ($500 S-Int. at Real Estate Trust Co.. Philadelphia,
& $1,000), s. f.. gold c* ) Trustee. Can be called at any time at 110.
Bchuylk. Val. 111. mort.,) 1893 6 g. J-J
60,000
July 1, 1923
$60,000, gold ($500)c* J Int at Tr. Co. of No. Amer., Phila., Trusts
150,000
Consol. Schuylkill Gas( 1899 5 g. A-O
Oct. 1, 1929
mort., $200,000 ($500 < Interest at Real Estate Trust Co., Phiadel
delphia, Trustee.
c* (
and $1,000)
Bonds.— Of the new Phoenix Gas <S> Electrio bonds, $168,500 are
sinking fund of
reserved for future extensions and improvements.
1 per cent per annum of outstanding bonds becomes operative in 1907.
Bonds of the Consol. Schuylkill Gas Co. may be called in 1909 at par
ROAD.— Owns 6>2mile8of track between Phoenix ville and Spring City.
Co., Consolidated Schuylkill

&

A

OFFICERS.— Pres., I. J. Brower.Phoenixville; Sec. and Treas.. F. H.
Shel'on, 1004 Pennsylvania Bldg., Philadelphia, Pa.- V.74, p. 271.

&

view, Kirkwood, Cambria ana Chicopee on the south

OFFICERS— Pres., John J. Tyler, Philadelphia; Vice-Pres.. Morris
Cliggett; Sec" -Treas., Gen. Mgr. and Sup't, W. W. McK.ee, Pittsburg,
Kansas.- V. 74, p. 42.

PITTSBURGH, PA.
PHILADELPHIA COMPANY.-Gas

(natural

and

manufactured), electric company, trolley.
Organization.— Organized on May 24, 1884, and was originally a
natural gas company. Operates under special Act of the Legislature
of Pennsylvania (conferring many valuable rights and privileges)
franted to its predecessor, the Empire Company, in March, 1871. Its
uslness may be classed under three main heads, (1) Street Railways,
(2) Electrio Lighting and Illuminating Gas and (3) Fuel Gas.
(1) The Street Railways comprise 440'09 miles of track, all operated
(as a matter of convenience and economy) by the Pittsburgh Railways
Co., and comprise the following properties
:

The United Traction Company of Pittsburgh,
Consolidated Traction Company,

Monongahela Street Railway Company,

Pittsburgh & Birmingham Traction Company,
Pittsburgh Railways Company (formerly Southern Trac),
Pittsburgh & Charleroi Street Railway Company,

West End Traction,

Suburban Rapid Transit Street Railway Company
E*st McKeesport street Railway Company,
Tustin Street Railway Company.
In Feb., 1902, acquired the elevated railroad franchises which
were granted to Messrs. Bigelow, Oliver, Quay and others. V. 74, p. 478.
(2.) Electric Lighting & Illuminating Gas.— Philadelphia Com
pany also owns or controls by lease the following companies, forming
the lighting department of its business:
Allegheny County Light Company,
Monongahela Light & Power Company,
Southern Heat. Light & Power company,
Consolidated Gas Company,
South Side Gas Company,
Allegheny Illuminating Company.
Braddock Gas & Light Company,
Ohio Valley Electric Co. of Bellevue.
The first three are the only publio organizations furnishing electrio
ourrent for heat, light and power to Pittsburgh and Allegheny and the
territory immediately surrounding the same. The Consolidated Gas
Company operates under a perpetual charter, and with the Allegheny
Illuminating company and the South Side Gas Company constitutes the
only gas-manufaoturing companies in the cities of Pittsburgh and Allegheny, and the exclusive right to manufacture illuminating gas in
those cities is said to be vested in them.
(3.) Fuel Gas. -Philadelphia Company, through its own lines and
those of a number of companies controlled by it, supplies nearly all
the fuel gas consumed in the cities of Pittsburgh and Allegheny and the
manufacturing towns lying along the Monongahela and Allegheny
Company controls "by lease 290,458 acres of gas and oil lands
rivers.
in West Virginia and Pennsylvania. The principal fuel gas companies
controlled are:

Philadelphia Company,
Chartiees Valley Gas Company,
Equitable Gas Company,
Pennsylvania Natural Gas Company,
Union Gas Company op McKeesport,
Allegheny Heating Company.
See official statement in Chronicle of July 12, 1902,
for further details regarding the character
pany's business.

(V. 75, p. 83,)

and nature

of the com-

•schedule op capital stock shares of other corporations

owned and

possessed.
Shares.

Total Issue.

United Traction Co. of Pittsburgh. .. .339.998 Common out of 340,000
Consolidated Gas Co. of the City of
Pittsburgh (owns stock of Allegheny
"
"
Illuminating Co.)
x80,000
80,000
"
"
x29,850
30,000
Chartiers Valley Gas Co
"
"
19,822
20,000
Pennsylvania Natural Gas Co
"
"
13,774
14,000
Equitable Gas Co. of Pittsburgh
"
4,908 Preferred
6,000
Equitable Gas Co. of Pittsburgh
"
13,654 Common
20,000
South Side Gas Co
"
15,000
X15.000 Common
The Allegheny Co. Light Co
•'
"
x2,664
5,000
Allegheny Heating Co
"
Consolidated Traction
240,000
y232,760 Preferred
"
y'284,249 Common
300,000
Consolidated Traction
" being all the stock.
16,0<)0
Union Gas Co. of McKeesport
"
50,000 Preferred
Pittsburgh Railway s Co
"
50,000 Common
Pittsburgh Railways Co
"
"
6,000
Southern Heat, Lt. & Power Co
"
"
5,000
East McKeesport St. Ry. Co
"
"
& Lt. Co
5,000
Braddock Gas
"
"
2,000
Suburban Gas Co
"
"
1,000
Low Pressure Gas Co
"
"
1,000
American Transfer Co
"
"
500
Mansfield <fe Chartiers Gas Co
"
"
200
Duquesne Natural Gas G>
Fuel Gas Co. of the County of Alle"
"
200
gheny
"
"
200
Pittsburgh & Char. St. Ry. Co
"
"
200
Mifflin Natural Gas Co
"
"
100
Tarentum Light <fe Heat Co
"
"
100
Carpenter Natural Gas Co
"
100
PennFuelCo
"
"
100
AcmeGasCo
«
"
70
Braddock Fuel Co
"
"
70
Acme Fuel Co
"
"
xlO
The Philadelphia Co. of West Va
"
"
24
Tustin St. Ry. Co. (no bonds out)
All of the above shares marked thus, x, are in the hands of the
Maryland Trust Company, trustee under the first mortgage and collateral trust dated March 1, 1899. Those marked y (with the exception

of 37,015 shares Uonsol Tract, common held in treasury of Pliiia.
Co.) are held asseouritj for the collateral trust bonds of 1901, and these
latter bonds are also a second lien on the shares marked x.
* According to balance sheet of March 31, 1904, the value of stocks
of other companies owned at that time was $41,356,317.

STREET RAILWAYS.

Feb., 1905.

Stock* Bonds—

SECURITIES OUTSTANDING
Outstanding. Last div., etc.
Rate,
Dale.

Stook, common, $30,000,000; par, $50.

q_j

>

T^^mT:!

$28,953,029 Ftb.,1905,li«

M-8

5 744 812
'

-

Mar -' 05

'

2l«

M-S

5,500.000 Mar.1,1949
Pull.ro. 1st & Col.
$6 500 000 g. ($1,000) o* S Maryland Trust Co., Baltimore, Trustee.
5 g M-N 14,463,000 Nov. 1, 1951
Phil. Co con.M. & col. tr. ) 1901
$22,000,000 g. ($1 000) S Continental Trust Co., Bait., Trustee.
See text
1,500.000
o A-O
Notes, $1,500,000 ($1,000)0 1905
1911
500.C00
6F-A
1891
Allegh'y County Lt. I stM.
500,000
1915
6F-A
East End Eleo. L't 1st M. 1895
Tr. M.,> 1899

5 g

Consol. Gas com. stock,
4,000,000
$4,000,000, par $50... >
Consol. Gas pref stock,
6F-A
2,000,000 Feb., '05, 3%
$2,500,000, par $50.. S
F-A 5,000,000 Feb. 1. 1948
5 g.
Consol. Gas, 1st mort.,) 1898
Maryland Trust Co., Baltimore, trustee.
o*&r<
gold
40,000 May 1, 1908
6 M-N
M.) 1888
Braddock Gas &L. 1st
$40 000 ($500 $1,000) > Interest at Farmers' Loan & Trust Co.,
N. Y., Trustee.
>
sinking fund

created in 1899, and first semi-annual payment of 2^ p. o. was made
in Sept., 1899, and have been regularly continued since then.
Latest Earnings.—Jan. 1 to Deo. 31, 1904, gross of Philadelphia
Company and of affiliated corporations, $15,279,246; net, from operation, $6,119,645; surplus after charges, &c, and dividend on preferred stock, $2,080,618.
OFFICERS, ETC—J- H. Reed, President; James D. Callery, VicePresident (now President of the Pittsburgh Railways Company); J. F.
Guffey, General Manager; C. J. Braun Jr., Treasurer; W. B. Carson,
Secretary; C. S. Mitchell, Auditor. Directors: Messrs. Reed, Callery,
McCague, Earle, Rhodes, Reilly, Frazier. Bowdoin and Calhoun.
Otlice, 435 Sixth Ave Pittsburgh, Pa —V. 80, p. 223 652.
,

(I)

250,000 Dec. 1, 1929
> Interest at Fidelity Title & Trust Co., Pittaburgh, Trustee.
... )
($1,000) gold
251,000 DfO. 1, 1949
5 g. J-D
Southern Heat, Light &) 1899
Power Co., 1st mortg'e Interest at Mercantile Trust Co., Pittsburgh, Trustee,
$300,000 ($1,000) gold!
1,700 000 June 1, 1949
5 J-D
Monongahela Light & 1899
Int. at Mellon National Bank, Pittsburgh.
Power Co. 1st mort'ge
~
.°. ) The Union Trust Co., Pittsburgh, Trustee.
$1 700 000
50,000 April I, 1917
6 A-O
Ohio Valley Electrio Co. ) 1897
1st mortgage, $50,000. $ Int. at Mercantile Trust Co., Pitts., Trustee.
350,000
Oct. 1, 1929
5 g.
UnionGasCo.. McKeesp. f 1899
Union Trust Co., Pittsburgh, Trustee.
1st mort., $350,000 g., <
Int. at Mellon National Bank, Pittsburgh.
(
8# f
•This table does not cover such railroad properties as are separately
Ry.
1st mortg'e, $250,000
St.

1899

)

5

g.

J-D

•

BY THE TERM8 OF AN OPERATING CONTRACT, EFFECTIVE JANUARY

in Aug., 1900, for $4,500,000
The following securities (belngin each case

i

theentirelssue)areowned:
50,000 shares common stock of the West End Traotion Co.
50,000 shares preferred stock of the West End Traction <'o.
120 shares capital stock of Virginia Ave. Street Ry. Co.
"
"
•*
McKees Rocks <fe Ingram St. Ry. Co.
400
"
"
"
McKees Rocks & NevUie Isl. St. Ry. Co.
300
12<>
Crafton & Chartiers Valley Tract. Co.
"
"
"
Pitts. Banks'lle&Mt. Lebanon S.R. Co.
400
"
"
"
Carnegie Bridge Co.
100
Road— The Pittsburgh Rwys. Co. operates, including all companies
controlled or leased, 440*09 miles of track in Pittsburgh and outlying
boroughs. Equipment consists of 1,035 closed motor oars, 631 open
motor cars and 1 16 miscellaneous cars.
Dale. Interest. Outstand'g.
Maturity.
STOCK AND BONDS—
Common stock, $2,500,000
$2,500,000
Pref. 5 p.o.cum.,$2,500,000
2,500,000
Debt of old Southern Traction Oo.
coll. tr., g. J 1900 5 g. A-O $3,750,000 Oct. 1, 1950
So. Trac. 1st
x
$4,000,000 ($1,000) . .
I Int. at Union Tr. Co., Pittsburgh, Trustee.
West End Traotion con. M. J 1898 5
J- J
750,000 Jan. 1. 1938
(Int at Union Tr.Co., Pittsburgh, Trustee.
$1,500,000
Underlying loans of West End Traction—
Pittsburgh Crafton &Mans- < 1894 5
250,000 July 1, 1924
J-J
field 1st
Int. at Pittsburgh Trust Co., Pittsburgh.
(
Pitts*. West End 1st
... 1892
5
J-J
500,000 July 1, 1922
Bonds.—The (southern Traction mortgage cannot be called before maturity. The $250,000 unissued is held for betterments and
Improvements. The Farmers' Deposit National Bank of Pittsburgh
offered the bonds for sale in Ootober, 1900. See V. 71, p. 864. Of the
portion of the 5s of 1898 of the West End Traction still unissued, $750,000 are reserved to retire underlying bonds.
Annual Report— AH oompanles owned, controlled and operated by
Pittsburgh Railways Co. for years ending March 31, 1904 and 1903:
1904.
1903.
1904.
1903.

i

•

.

reported further on.
Stock-Stock authorized was increased In February, 1899, lrom
$7 500,000 to $21,000,000, of which $6,000,000 Is 5 p, c. non cumulative preferred. The increase was made to acquire the stock of the Allegheny Co. Light Co., Chartiers Valley Gas Co. and the com. stock of the
Consolidated Gas Co.; also by exchange the United Traction stock. On
Deo 4 1901, stockholders authorized an increase to $36,000,000
through the issue of $15,000,000 additional common stock. The increase was mainly for the purpose of acquiring the shares of the Consolidated Traction Co. and the Southern Traotion Co.- V. 73, p. 1112.
Bonds—Of the $6,500,000 bonds of 1899 (mortgage trustee,
Maryland Trust Co.) $4,000,000 was issued at onoe in part payment
for the stock of the Allegheny County Light and Chartiers Valley Gas
Co and $1,000,000 is reserved to retire the $1,000,000 bonds of the
Allegheny County Light and East End Electric bonds. The balance,
The
$1 500 000, was expended for improvements and additions.
bonds were In Oct., 1899, listed on the Philadelphia Stock Exchange,
and are also listed on the Pittsburg Stock Exchange. The Philadelphia
Company stock has been listed on the New York Stock Exchange
since October, 1886, and is also listed on the Phila. Exchange. See
amplication to the N. Y. Stock Exchange in V. 70, p. 1198, and also
in Chronicle of Feb. 22,1902. Of the $22,000,000 bonds of 1901,
$6,500,000 are reserved to take up the $6,500,000 1st col. tr. bonds,
$12 000 000 were to acquire the pref. stock of the Consolidated
Traction Co. and $3,500,000 are for Improvements, betterments, extensions &c..out of which there has been issued for betterments to
property of this company $1 ,350.000; Un. Trac Co., of Pitts., $150,000;
Cons. Trac. Co., $450,000, and Pittsburgh Railways Co., $875,000.
Hotes—The $1,500,000 notes are dated Apr.l, 1905, and are secured
by deposit with the Guarantee Tr. <fe 8. D. Co., Phila., of 201,000 shares
of Un Trac. Co. com. stock; $300,000 matures Apr.l, 1906, and $150,000 semi-annually thereafter, to and including Apr. 1, 1910. Notes
maturing subsequent to 1907 are redeemable at par and int.
Report—Report for year ending Mar. 31, 1904, was in V.78, p. 1787
"
1902-03.
190102. '1900-01.
1903-04.
$
$
$
Receipts—
$
4,377,399 3.769,163 3,188.121 2,586450
From gas

M

. .

M

158 492

161,155

115,073

8,661.394 8,276,565 Rent., Oon.Tr 757,098
66,603
Net
3,474,513 3,473,941 Misc. int., &c. 165,921
64,675
Other income. 137,656 118,449 Div. Un. Tr... 150,000
150,000
Total income 3,612,169 3,592.390 Div. Con. Tr.. 720,000
720,000
Interest
1,464,441 1,380,593 Balance
def 16,076sur282,250
,

Rental, Un't'd
Traction.... 370,785
328,269
OFFICERS-— President, J. D. Callery; 1st Vice-President, J. H. Reed;
2d Vice-President, S. L. Tone; Secretary, W. B Carson; Treasurer, C. J.
Braun Jr.; Auditor, C. S Mitchell. Directors, J. D. Callery, J. H.
Reed, Joshua Rhodes, A. W. Mellon, Geo. E. McCague, Geo. H. Frazier,
J. O. Reilly.—V. 71, p. 343, 391, 864, 914; V. 73, p. 554.

64,989

4,535,891
Total receipts
Operating exp. & taxes.. 2,067,006
612,313
Improvements, etc..

3,930,318
1,753,172
572,227

3,303.194
1,357,559
570.629

2,651,439
1,090,859
544,338

.2.679,319 2,330,399
Total expenses
1,856.572 1,599,919
Net earnings
Div. on stocks owned.... 1,407,440 1,424,198
123,486
Rents & miscellaneous... 213,606

1,928,188
1,375,006

773,448
70,315

1,635,197
1,016,242
317,754
71,879

3,477,618

3,147,603

2,218,769

1,405,875

131853

118,622
863,283

316,315
454,729

257,673
209,895

,

Total

Ratals of leased lines....
Interest on funded debt..

1,053,334
.2,424,2e4

Balance

Premium on bonds

921,481

sold

Guar. P.

467,568
938,307

gage.

332,407

a3b0,569
def.28,162

I

o*)
o*.

See V. 76, p. 1143.

Road— Operates about 6^

(2)

—

—

Granting Annuities, Phila., trustee
interest, by endorsement, by
tbe Philadelphia Co. Interest payable in New York, Pittsburgh and
Philadelphia No sinking fund and bonds cannot be called. The
stook of the Tunnel Co. has been pledged as collateral under this mort-

698,184

2,356,784
1,737,139
Div. on common stook
Div. on preferred stock.. 287,238

&

Bonds are guaranteed, principal and

Lebanon.

Tract, stock received

1,447.725

2,971,507
1,702.931
287,251

886,023

250 680
311.022
58,331

1,543

934.105

252.691

Gauge, 5

f t.

2*

miles of track from Pittsburgh to
V. 80, p. 222.

Mount

in.

UNITED TRACTION CO.—

Organization.— Incorporated on July 27, 1896, and in June, 1897,
purchaseaall the property and franchises of The Second Ave. and North
Side traction companies, and secured control of the Pittsb. Allegheny
& Manchester through a lease for 950 years and the purchase of its
stock. The Federal St. & Pleasant Valley Passenger Ry. is controlled
through its lease for 950 years to the North Side Traction. In 1902
leased the Pittsburgh & Birmingham Traotion Co. and the Pittsburgh

938,307
736,846
199,918

981,325
47,220

road.

Organization.— Incorporated in Pennsylvania in Oct., 1901, and
later absorbed the Sycamore Street Ry. Also owns the entire ($500,000) capital stock of the Mount Washington Tunnel Co. Stock of the
Mount Washington Street Ry. is owned by the Philadelphia Co. The
road is leased to the Pittsburgh Railways Co. for 995 years from April
1, 1903, for all charges, Including bond interest.
Date.
Interest.
Outsland'g.
Maturity,
STOCK db Bonds. —
Stook, $1,500,000, $50
$1,500,000
lstmtge.& col. tr, $1,-) 1903 5 g. A-O
Apr.' i", 1933
1,500,000
500,00O,gold ($1,000), >
Penn. Co. for Insurances on Lives and

2,000

on realty sold
Deferred div. on Consol.
Profit

Surplus for year

1,447,725

MOUNT WASHINGTON STREET RY.—A trolley

( I )

67,500

Discount on bonds sold...

r Balance
Charged ofi

771,044

981,905
2,165,698
105,625

M

Gross

<

oil

1,

THE PITTSBURGH RAILWAYS CO. ASSUMED CONTROL OF ALL THB
PROPERTIES OF THE CONSOLIDATED TRACTION CO., THE UNITfcD TRACTION Co. of Pittsburgh and their underlying companies.
The Southern Traotion Co. was chartered in 1900 to take over, extend and operate the West End Traotion lines, which were purchased
1902,

',

From

PITTSBURGH RAILWAYS CO-A trolley road.

This was formerly the Southern Traotion Co., but in accordance with
the authority vested in it by the terms of its charter, the directors of
the Southern Traction Co. on Deo. 30, 1901, voted to change the name
of the company to the Pittsburgh Railways Co. The Philadelphia Company had previously acquired all the stook, common and pref., of the
Southern Traotion, in accordance with terms in V. 73, p. 1112.

.

East McKeesport

809

1,543

& Charleroi St.

Rv.

In Mar., 1899, the Philadelphia Co. offered to give $6,375,000 of its
a Value of capital stook of elev. and surface railway cos. charged oft
common stock in exchange for the $17,000,000 common stook of the
Earnings—of the companies controlled by the Philadelphia Company United Traction. See V. 68, p. 479. In Oct., 1899, exohange of stock
(namely, the Consolidated Gas Co. of Pittsburgh, Allegheny County
under this plan was begun and 339,998 shares have been acquired.
Light Co., Equitable Gas Co., Braddock was & Light Co. and Pittsburgh
On Jan. 1, 1902, the Pittsburgh Railways Co. took over this propRys. Co.) for the fiscal years ending Mar. 31,

"04,^03 andWM.^

$11,153,952 $10,555,537
Gross earnings
5,95 6,429
Operating expenses and taxes.... 6,505,632
$4,648,320 $4,599,108
177,302
208,015

$2,650,474
9 5,689

$17856 335

under the terms of the operating contract, agrees to p«y
current dividends of 5 p. o. on the pref. stook and 1 per cent on the
stock. The agreement lasts until Jan. 1, 1907, and therecommon
after until terminated by three months' notice from either party.
Date. Interest. Outstanding. Div.orMat,
BONDSSTOCK
Com.stock,$17,00O,000 (50)
$17,000,000 Jan.'Oo.^p.o.
Pref.oum., $3,000,000 ($50)
3,000,000 Jan., 1905, 2>*
J-J
J'y 1,1997
4,750,000
United Trao. gen.rn.gold, ) 1897 5 g. J-J
$10,000,000 ($l,000).o* $ Maryland Trust Co., Baltimore, Trustee.
in New York City.
Interest is payable
1,270,013
Loanspayable June30, '04
Annual
Outstanding
Charges.
Not Owned.
Underlying Securities— (ff See also below).
$62,500
Federal & Pleasant Valley bonds
$1 ,250,000
75,000
Pitts. Alleg.& Man. bonds, 5 p.o. due Oct. 1,1930 1,500,000
2,500,000
125,500
Second Avenue Traotion bonds
erty, and,

$5,505,943
2,855,469

$2,746,163
1,802,284

Net earnings
Other income......
Total income

Fixed chges and other deduot'ns

.

14,326,562

$4,776,410
13,977,171

$943,879
$799,239
$529,773
$383,500
$107,925
$110,890
*$382,030
*$104,724
*$110,661
Phila. Co.'s propor. of above div..
*Inoluded in "dividends on stocks owned" In the statement above.
tlnolurtes dividends on preferred stork
Dividends. ) 1893. '94. '95. '96. '97. '98. '99. 1900. '01. '02. '03. '04.
None.
4 4%
5
5^ 6 6 6
5
5
Percent. S 4^
The foregoing dividends are for the common stook. The pref. was

&

Net Income
Dividends

|

\

Total of bonds

-

$5,250,000

$263,000

—

Second Avenue Traction bonds for $2,500,000 as above (assumed by
United Traction Co.) include:
IHv.orMat.
Dale. Interest. Outstanding.
Second Ave. Trao. Mort. J 1894 5k. J -D $2,030,000 Deo. 1, 1934
c* I Maryland Trust Co., Balto., Md., Trustee.
gold ($1,000)

Brown

Interest at

Bros.

& Co., N. Y., or A. Brown & Sons,

Balto.

120,000 July 1, 1909
2d Ave. Pass. Gen. mort.... 1889 5 J- J
300,000 July 1, 1933
1893 5 J-J
2d Ave. Traction Co. M
50,000 Aprill, 1911
Braddock & Turtle Cr'klst. 1891 6 A-O
Traction receives the entire earnings of the North Side,
The United
Pitts. A. & M. and Second Ave. traction companies, subject only to

annual charges of $263,000, as shown above.
Dividends— On preferred in 1898,5 p. c; in 1899. 5

p. o.; in 1900,
c; in 1901, 5 p. c; in 1902. 5 p. c; in 1903, 5 p. c; in 1904, 5 p. c.
Dividends of ls% on common stock commenced Jan. 2, 1903; *v p. o. also
paid July, 1903, i«p c in Jan., 1904, and * p. c. in July, 1904; in
1905. Jan., *q p. o.
Bonds— The new United Traction mort. is limited to $10,000,000;
bonds oannot be redeemed before maturity Maryland Trust Co. of
Baltimore is trustee. Of these bonds, $5,250,000 are reserved to
retire the divisional bonds above mentioned. Bonds are listed on
the Philadelphia and Baltimore Stock Exchanges.
Miles.
Road—The miles of track owned and consolidated are
Second Avenue Traotion
S?'o?
3184
North Side Traction
21-45
Pittsburg Allegheny* Manchester Traction
p.

.

;

H713

Total

Report—Not now an operating company.

Officers —President, James D. Callery; Vice-President, J. H.
Reed; Sec. W. B. Carson; Treas. C. J. Braun, Jr.; Auditor, C. S. Mitchell.
Office, Pittsburg, Pa. Financial Agents, Alexander Brown & Sons,
Baltimore, Md.-V. 70, p. 329; V. 71, p. 1 80, 1271; V. 73, p. 390.
Lines controlled by United Traction Co.

FEDERAL ST. & PLEASANT VALLEY RY.-TroUey.
Organization—Incorporated March, 1868, and has since consolidated its various subsidiary companies. The franchise is perpetual.
The North Side Traction Co. on July 20, 1896, leased the Federal
(a)

Street & Pleasant Valley for 960 years, assuming its funded debt of
$1,250,000 and its floating debt of $175,000, and agreeing to pay as
rental all taxes, rentals, etc., and also $70,000 yearly in cash, payable
January 15 and July 15, equal to 5 per cent on the $1,400,000 stock,
of which it owns $752,650. V. 63, p. 31, 76, 189.
Maturity.
Date. Interest. Oulsland'g.
Bonds—
Stock
See text.
5 J-J
$1,400,000
Stock (par $25) full paid
5g.J-J
960,000 May 1, 1942
Consol. mort., $1,250,000, $ 1892
g., $1,000, on 28 miles.. *e I Int. at Fidelity Title & Tr. Co., Pittsburg.
Underlying mortgages
1887 5 J-J
$43,000 July 1, 1907
Observatory Hill 1st
53,000
1913
1882 5 J-J
People's Park Pass
89,000 July 1,1919
1889 5 J-J
Fed. St. & PI. Val. mort
23,000 Nov. 1, 1920
Allegheny &Bellevuel st M. 1890 5 J-J
1920
36,000
Allegheny St. 1st mortgage. 1890 5
4,000 Nov. 1, 1920
1890 5 J-J
Perry St. 1st mortgage
42,000 Nov. 1, 1920
1890 5 J-J
Troy Hill 1st mortgage
Bonds— The consolidated mortgage of 1942 is for $1,250,000, of whlon
the balance unissued is in the hands of trustee to retire all the other
issues mortgage trustee Is the Fidelity Title & Trust Co., Pittsburgh.
ROAD— Embraces 33 miles of track (including sidings) on about
17 miles of street rails mostly 90-lb. girder.— V. 63, p. 189.

&

—

M

;

;

PITTSBURGH ALLEGHENY & MANCHESTER TRACTION.—

Organization— Consolidated with United Traction
which purchased
(c)

in June,

1897

the capital stock (V. 65, p. 27).

all

PITTSBURGH & BIRMINGHAM TRACTION.-A trolley road.

On

Jan. 1, 1902, leased for 999 years to the United Traction Co.,
which has agreed to pay all interest, taxes, etc, and also $150,000
annually as rental. Lease is guaranteed by the Philadelphia Co.
Organization— Incorporated Aug. 15, 1889; Nov. 19, 1889, leased
P. & B. Passenger Ry., including South Side Pass. Ry. Co. Has also
leased and operated since Dec, 1891, Pittsburgh Incline Plane Co. and
Mt. Oliver Incline Plane Co.; operates also Birm. Knoxville <fe Allentown Traction Co. In Aug 1900. purchased the $400,000 capita!
stock of the West Liberty Street Ry., and constructed a line to Mt
Lebanon. V. 71, p. 343.
Interest.
Outstand'g
Maturity.
STOCK
BONDS.— Date.
Text.
$3,000,000
See text.
Stock ($50)
mort., gold, 5s...) 1889 5 g. M. - N.
1,500,000 Nov. 1,1929
1st
o* j Fidelity Trust Co. of Philadelphia, Trustee.
($1 ,000)
....
5
89,000
B'ds,$12,000,p d y'rly
,

&

,

Guaranteed bonds—

BlrmKiiox.&A.lstM.
gold, interest guar..

)

1891

5

Fidelity

6

A-O
M-S
Trust

500,000

g.

A
8t
RTut^ort .!!:. J 1896

Br

Sept. 1, 1931

Co., Phila., Trustee.

F_A

5
300,000 Aug. 1, 1926
400,000 July 1, 1930
West Liberty St." Ry.) 1900 5 g. J-J
Pittsburgh Trust Co., Trustee.
1st mortgage
S
Road— Operates 33-80 miles of track, laid with 90-lb. rails, as follows.
Main line. 24 miles Brownsville Ave. Ry. (all its $300,000 stock
owned), 7-33 miles; inclines, 2 miles.
Annual REFORT-Not now an operating company.—V. 69, p. 332,
334; V. 71, p. t43; V. 72, p. 776.

[Vol. lxxx.

Road— Operates a road between' Pittsburgh and Allenport, by way of
Castle Shannon, Finleyville, Monongahela City and Charlerol, a distance of 34k miles. Completed in Sept., 1903.
Mellon; Secretary, G. S. Davison; TreasOFFICERS— President, W.
urer, W. S. MltchelL -V. 74, p. 1039, 1090; V. 76, p. 752.

L

CONSOLIDATED TRACTION-Trolley road.
Organization—Chartered July 15,1895. The company has absorbed
the Fort Pitt Traotion. Co. and assumed its leases of the Citizens' aDd
the Allegheny Traction companies, and has acquired the control of the
Pittsburgh, the Duquesne and the Central Traction companies. In
1902 leased the Monongahela St.Ry. and the Suburban Rap Tran. St. Ry.
(3)

On Dec. 4, 1901, stocaholders of Philadelphia Company approved
Blan for absorbing the shares of the Consolidated Traction. See terms
l V. 73, p. 1112. 284,249 shares common and 232,760 shares preferred
have been so exchanged.
Par.
Interest.
Outstanding.
Dividend,
STOCK—
Common stock
J-J
$50
$15,000,000 Jan., 1905, 1$
Pf. stock, 6 p.c cum.
50
12,000,000 Nov., 1904, 3%
The preferred stock carries cumulative dividends of 6 per cent per
annum, and has the right to participate equally with the common stock
when that has received 6 per cent. All arrears of dividends were
paid up in Jan., 1903. V. 76, p. 48. First dividend of 1 p. c on common
paid Jan. 2, 1903; then 1 p. c July, 1903. In 1904, Jan., lp. c; July, 1
p. c; in 1905, Jan., 1 p. c
Road -Controls about 126 miles of track in all.
Officers— President, J. D. Callery; Vice-Prest. J. H. Reed; Sec. W.
B. Carson; Treas., C. J. Braun Jr.; Auditor, C. S. Mitchell.— V. 72, p.
821, 872, 934, 1080; V. 73, p. 553, 723; V. 76, p. 48; V. 79, p. 627.

6M&N

Lines controlled by Consolidated Traction.

,

,

(b)

J

)

STREET RAILWAYS.

810

5

—

)

:

ALLEGHENY TRACTION.—

(a)

Organization— Incorporated July 23, 1889. April 1, 1896, this
company was leased to the Fort Pitt Traotion Company for 950
years at a rental of $25,000 per annum.
Date. Interest. Outstand'g. Last div., etc.
STOCK & BONDS—
5 p. c
$500,000
See text.
Guaranteed bonds—
MiUvale Etna & Sharps1893 5g. M-N 750,000 Nov. 1, 1923
burg IstM. $750,000,g. 5 Pittsburgh Trust Co., Pittsburgh, Trustee.
Dividends— The semi-annual dividend of 2^ p. c due June 1,1901,
was passed, the proceeds being used to pay off the floating debt. In
1902, 4i« p. c In 1903, 5 p. o. In 1904, 5 p. e.

Stock, $500,000, par $50

Road— Including Millvale Etna & Sharpsburg, 18 ^a miles of road.
CENTRAL TRACTION —Trolley.
LEASE— Incorporated Deo. 21, 1888. Leased from April 2, 1896, to
the Consolidated Traotion for 950 years at 3 p. c per annum on par
(b)

p. 1154— and in May, 1896, stockholders were offered privilege of exchanging their stock for receipts,
which were redeemed at $30 per share on Oct. 1, 1896, In Consolidated
Traotion Co. preferred stock at par. 29,133 shares of Cent. Trac. stock
(out of 30,000) have been so exchanged. V. 62, p. 1087.
BONDS Miles. Date. Interest. Outstanding. Maturity.
STOCK
Stock— par $50,
«,-- toW
$ 30,000 shares )
3%A-03i \ $30 paid up. X Beeiex*'
Bee text
$
6
1889
5 JlstM.$375,000(
$375,000 July 1, 1929
cable line $500 \ Interest at Union Trust Co., Pittsburgh.
Bonds of Central Passenger By. controlled.
4
1894 6 A-O
125,000 Oct. 1, 1924
1st M. $250,- )
000, $1,000.. S Interest at Union Trust Co., trustee, Pittsburgh.
Dividends— Feb. 1. 1892, $2 50 in stock in 1896, Feb., 2 p. o. in cash;
in 1898, Nov., lis p. c in oash; in 1899, 3 p.c; in 1900, 3 p. c; in 1901,
3 p. c; in 1902, 3 p. c In 1903, 3 p. c In 1904, Apr. 30, 1% p. c;

value of $1,500,000 stock, see V. 61,

&

;

Oct. 31, lis p. c
Road— 8-5 miles of road, of which it controlled by ownership of
capital stock, Central Passenger Ry., 313 miles. —V. 62, p. 948, 1087.

(c) CITIZENS'

TRACTION— A

trolley road.

6, 1887. On Sept. 1, 1887, purchased the entire capital stock ($200,000) of the Citizens' Passenger

ORGANIZATION— Incorporated July
it now holds.
Lease—Leased from Nov.

Ry., which

1, 1895, to Fort Pitt Traction Co. (now
Consol. Traction) for 950 years at 6 p. 0. per annum on $3,000,000 capital stock. In addition the lessee agreed to pay a floating debt of $175,000, and at maturity mortgage debt. V. 61, p. 661.
Date. Interest.
Outstanding.
Maturity.
BONDS—
STOCKS
Stock ($50) fully paid
6 M.-N.
$3,000,000 f.p.
See text
1887 5 A.-O.
1st mortgage ($1,000) <
1,250,000
Oot. 1, 1927
Not subject to call. ( Fidelity Title & Trust Co., Pittsburgh, Trustee.

&

Purchase money mortgs
Bonds of lines whose stocks are
PennSt. Pass. Ry. IstM. 1892
Interest and dividends payable
Road.— Owned and operated

95,000
owned.
5 J.-D.

j

250,000

£ ^ed to'™ on
June

1,

1922

at N. Holmes & Sons, Pittsburgh, Pa.
30-5 miles of track on 15 miles of
street.— V. 60. p. 930; V. 61, p. 112, 516. 661.

DUQUESNE TRACTION-A trolley

(d)

road.

;

6

Lines Leased to Pittsburgh & Birmingham Traction.
MT. OLIVER INCLINE RY.— Owned, leased and operated by Plttsb.

Birm. Trao. Co. Stock, $100,000. Bonds, IstM. 6s, M. <fe N., due Nov.
1901, $44,500 Up to Feb., 1905, these bonds not taken up.
PITTSBURGH INCLINE PLANE— Leased for 999 years to Pittsb.
A Birmingham Traction Co., at rental equal to interest on bonds and
10 p. c on $150,000 stock, free of tax; dividends were 9 p. c yearly
for some time, balance being carried to surplus; but latterly increased
to 10 p. c.
Date. Interest. Outstand'g.
Maturity.
BONDS
STOCK
Stock, par $100, full paid
Q-F $150,000
See text.
IstM., $1,000 each
o* 1889
6 J-J
150,000
July 1, 1919
C 1890
6 J-J
100,000
June 1,1910
2nd mortgage
< Subject to call on any June 1 after 1894.
(Int. at Fidelity Trust Co., Phila., trustee.
Road— Road extends from Forty Hill, Pittsburgh on Bradford
Street to Washington Avenue, on top of hill.— V. 71, p. 343.
1,

&

(d) PITTSBURGH & CHARLEROI STREET RY.— A trolley Road.
Organization— Incorporated April 19, 1902. and took over the
Charlerol & West Side Ry.; is leased to the United Traction Co. for
900 years from May 15, 1902. Bonds are guaranteed principal and
Interest by the United Traction Co and the Philadelphia Co. The
entire issue of bonds was offered by T. Mellon & Sons and the
Union Trust Co. of Pittsburgh in May, 1902.

Stock

&

Bonds—

Date.

Stock, $2,500,000 ($50)
West Side 1st
Charl.
Pitts. & Charl, 1st M. $2500,000 g. ($ 000: .... o*

Interest.

1902

5g M-N
at Union Tr.

M

&

1

5 p.

)
S

Int.

c

Outstanding.
$2,500,000

Maturity

75,000 8ept. 1,1929
2,425,000 May 1.1932
Co., Pittsburg, Trustee.

Bonds— Of the Pittsburgh & Charlerol bonds, $75,000 Is reserved
to retire a like amount of Charlerol & West Side bonds. See V. 74, p.
1039.

LEASE— Incorporated Jan.

25, 1 890. Leased from April 2, 1896, to
the Consolidated Traction for 950 years at 4 per oent on the $3,000,000
stock, but dividends for a year and a-half were with held for payment
of floating debt of $180,000. In May, 1896, stockholders were allowed
to exchange their stock for receipts, redeemed Oct. 1, 1896, at $37 per
share in 6 per ceni preferred stock of Consolidated Traction Company
at par. 52,535 shares out of 60,000 have been so exchanged. Bee
V. 62, p. 1087.
Date. Interest. Outstanding.
Maturity.
BONDS.—
STOCK

&

Text
See text.
$3,000,000
Dlv payable at Fidel
& Tru8t Co pj^.j,
letmortgage
c* 1890 5 J. -J.
1,500,000
July 1, 1930
Dividends were 5 per cent, J&J, bu Un 1893 and 1894 none paid;

Stock

CH-SQ)
(it>50)

fullv paid
ruiiy naid

$
|

-

^^

?

In 1895, 4 p. c; in 1896, none; in 1898, 3 p. c; in 1899, 4 p. c; in 1900,
4 p. c; in 1901, 4 p. c; in 1902, 4 p. c; in 1903, 4 p. c; in 1904, Apr. 30,
2 p. c; Oct. 31, 2 p. 0.

RpAD— At time of lease in 1896 controlled 11 companies, with a
capital aggregating $249,700 and having 333 16 miles of road.
-V. 60, p. 930; V. 61, p. 153, 794, 1154; V. 62, p. 948, 1087.
(e)
(f)

FORT PITT TRACTION— See Consol. Traction Co.
MONONGAHELA STREET RAILWAY-

ORGANIZATION— On May
Sohenley Park

&

26, 1898, absorbed by consolidation tie
Highland, Homestead & Highlands, Braddock A

Homestead, and the Braddock & Duquesne.
In December, 1901, the Monongahela Street Ry., the Wilkinsburg &
East Pittsburgh Street Ry., the Wilkinsburg <fe Vercna Street Ry. and
the PitcairnAWilmerding Street Ry. (construction of latter two roa »s
completed during year 1903-04), were merged in the Monongahela
Street Ry. and stock was incieased from $1,000,000 to $7,000,000
See V. 7a, p. 1112. On Jan. 1, 1902, the Monongahela Street By.

was leased

for 99^» years to the Consolidated Traction Co. for interest,

and an annual rental beginning with $165,000 the tirst
year and increasing $18,750 eaoh year until $315,000 is reaoh6d.
Lease is guaranteed by Philadelphia Co. First dividend under lease
(2 per cent) was paid in July, 1904. See V. 79, p. 269.
taxes, etc,

STREET RAILWAYS.

Feb., 1905.]

^tdck A. Bonds— Milts. Date. Interest. Outstand'g. Maturity.
See text.
See text $7,000,000
Stock. $7^)00,000
1,000,000 June 1, 1928
Mon. St. Ey. 1st mort., > 17 1898 5g. 3-D
Trustee.
$1 .000,000. gold. ... J Union Trust Co., Pittsburgh,
E. Pitts. M.,)
Wilk.
2,000,000 Sept. 1, 1929
1899 5g. M-S
$2.000,000,gold($l,- £ ..
o&r)
000)

&

($1,000) Cfer>
M., $700,. I

:.

Pit

000.

•;.

$l,000...c<fcr

1901

5g.J-D

1901

"

& Wil

5g.

J-J

602,000 June

1,

1931

July 1,1931

405,000

s

Due lessee company June 30, 1904, $40,000.
Bond*-Th« Union Trust Co. of Pittsburgh

trustee of all mortThe Wiiks. &
gages and interest is payable at Mellon National Bank
Ver. bonds ate guaranteed, p. and i., by Wllk. & E Pitts. St. Ry. Co.,
Monongahela St, Ry. Co., Consol. Trao. Co. and Phila. Co. of Pittsb.
ROAD— Owns 23-63 miles of track, Including branches; 90-lb. rails.
is

Report— Not now an operating company.
OFFICERS— President, W. L. Mellon; Vice-President, A. W. Mellon;
W. S. MitcheU.-V. 72, p. 776; V. 79, p. 269, 627, 735.

Treas..

(g)

PITTSBURGH TRACTION—A trolley road.

Organization— incorporated April

30, 1887.
April 2, 1896, to the Consolidated Traction for
950 years at 7 per cent on the $2,500,000 stock (see V. 61, p. 1154)
but 1*3 years' dividends were used to pay floating debt of $250,000.
In May, 1896, stockholders were offered receipts for their stook,
which were redeemed at $70 per share on Oct. 1, 1896, In preferred
stock of Consol. Traotion Co. 49,500 shares out of 50,000 have been so
exohanged See V. 62, p. 948. Pittsburgh Traotion owns the $250,000
oapital stock of Bloomfleld St. Ry. and guarantees the bonds.
Date. Interest. Outstanding. Last div., etc.
Bonds—
STOCK
Text.
8ee text.
7 A-O
Stook, $2,500,000 (par $50) ....
Oct. 1, 1927
0*1887 5 A.-O.
$750,000
lstmort.5s

LEASE— Leased from

&

Guaranteed bonds

—

250,000 Aug. 1,1923
c*> Interest at Pittsburgh Trust Co., trustee.
our
Stock— Issued 50,000 shares, on which $38 each has been paid.
Dividends— At company's ofllce, Pittsburgh. Dividends of 6 per cent
have been paid in 1895, 6 p. c; in 1896, none— see above. In 1898,
513 p. c; In 1899, and since, 7 p. 0.
Road.—Owns 12-67 miles of track. Bloomfleld St Ry. owns 3 miles,

Bloomaeld Street Ry., 1st) 1893 5F.-A.

;

(h) SUBURBAN RAPID TRANSIT ST. RY.
Organization— Was leased on Jan. 1, 1902, to Consolidated Traotion
Co. fur 900 years at an annual rental of $56,000, as well as paying all
charges, including Interest and taxes.

&

Outstanding.
Maturity.
Jan., '05, 2%
$1,400,000
200,000
Sept. 1,1913
6 g.
) 1893
Int. at Safe Dep. & Trust Co., Pitts., Trustee.
$
Dividends.— In 1903, 4 p. 0. In 1904, Jan., 2 p. c; July, l^p. 0.; in
1905, Jan., 2 p. c.
Road Operates 14^ miles of track on 6 miles of street.

STOCK

BONDS—

Dale.

Interest.

Stock, $1,400,000
1st mort., $200,000,
gold, ($1,000)

M-S

—

PITTSBURGH McKEESPORT
NELLSVILLE RY—A trolley road.

&

CON-

In Dec, 1903, It was officially stated that this company and other
local lines, and also all the light companies, would pass to the control
of the West Penn.Rallways Co., a holding company, but In Feb., 1905,
the merger had not yet been consummated, and the properties were
being operated separately. See V.77, p. 2391.
Organization—Incorporated December 31, 1900, as a consolidation
of the Connellsville & Uniontown Ry. Co., McKeesport Wilmerding
& Duquesne Ry. Co. and the McKeesport & Youghiogheny Street Ry.
At Duquesne and McKeesport connection is made with the Pittsburgh
city lines. In Jan., 1902, purchased the Connellsville Suburban St. Ry.
Bonds listed on the Pittsburgh Stock Exch.
of 2 4 miles for $175,000.

Stock

&

Bonds—

Date.

Stock, $3,500,000
1st con.mtge.$3,500,000
($1,000), gold.
be called

Cannot

)

>
)

Interest.

Maturity.

Outstand'g.

$3,000,000
1901
5
J-J
3,000,000 Jan. I, 1931
Int. at Mercantile Trust Co. Pittsburgh,
trustee.

Of the new $3,500,000 mtge., $500,000 are reserved for improvements, betterments, <feo. The mortgage is subject to prior liens of
$202,500, to retire which sufficient bonds have been reserved and are
included in the above total of $3,000,000 reported outstanding. A
syndicate of Pittsburg firms and institutions offered some of the
bonds for sale in Feb., 1901. See V. 72, p. 242.
ROAD— Including Greensburg & Southern, owns and operates 94
miles of road from Duquesne (adjoining Pittsburgh) to McKeesport,
Versailles, Buena Vista, Mt. Pleasant, Scottdale, Connellsville, Leiseuring, Dunbar, Uniontown and Fairohance.

OFFICERS—President, Wm. H. Graham: Treasurer, Geo. I. Whitney;
Secretary, M. K. Saulsbury.— V. 77, p. 2390, 2391; V. 78, p. 50.

PITTSBURGH road. Population served, GREENSBURG RY—A trolleyM'KEESPORT & 75,000.

Organization— A consolidation on June 28, 1901, of the Greensburg
& Hemptieia Electric St. Ry. and the Westmoreland Ry. All franchises
are perpetual and about two-thirds of the road is over private right
of way. Bonds listed on Pittsburgh Stook Exchange.
Outsiand'g.
Date.
Interest.
Maturity.
STOCK & BONDS—

$1,030,000
1,200,000 July 1, 1931
5g. J-J
!nt. at Harrisburg Trust Co Harrisburg.Trus.,
/Vr™n\ gold
™ih
«i
(fci.oou)
°^ or at Manufacturers' Tr. Co., Providence, R. I.
Bonds—The remaining $300,000 unissued bonds can only be issued
at par under strict provisions and, with the approval of the trustee,
for betterments and additions. See V. 73, p. 33; V. 76, p. 8^11.
Report— For year ending Deo. 31—
Ntt.
Oper.Expen.
Qross.
$76,3:-s4
$82,724
1904
$150,058
70,454
54,079
1903
124,533
Road— Owns and operates 22 miles of track from Irwin through
Jeannette and Greensburg to Youngwood and Hunker. An extension
of 6 miles to Trafford City is under construction to connect with Pitts
burgh (City) Railways Co., of which 2 miles is completed. 74-lb. T and
90-lb. girder rail. Gauge, 5 ft. 2^ in. 22 cars. Owns in fee one pleasure park. Power supplied by the Westmorelaud Lt. H. & Power Co.
OFFICERS— Pres., L. B. Huff; Vice-Pres., E. C. Gibson; Sec, Treas.
and Gon'l M<r., W. D. Chapman.— General office, Greensburg, Pa.— V.
73, p. 33; V. 75, p. 343— V. 76, p. 811
Stook, $1,500,000
1st1Yft<re *1 500 000 (

1901

,

road.
Y--A
RPITTSBURGH
trolley

&

ALLEGHENY VALLEY

Organization—Incorporated

in Pennsylvania as a consolidation in
December, 1902, of the Apollo Vandergrift & Leechburg Eleotrio
Street Ry. and the Vandergrift
New Kensington Street Ry. Owns
entire oapital stook of the Apollo Eleotrio Light, Heat
Power Co.,
the Leechburg Eleotrio Light & Power Co., the Sew Kensington Eleotrio Light. Heat
Power Co., the Parnassus Electric Light & Power
Co. and the Kisklminetas Bridge Co. All bonded and floating debt of
those oompanies has been retired and the capital stock pledged as

&

&

&

811

collateral under the new 1st mortgage. Will operate over private rights
of way except in towns. Population served Is about 40,000.

&

Maturity.
Date. Interest.
Outatanding.
BONDS—
STOCK
$750,000
Stook, $1,500,000
Jan. 15, 1933
380,000
1st mort., $1,100,000) 1903 5g.J-Jy
Trust Co., Pittsburgh, trust
g. ($500<fe$l,000)..o S Int. at Int. 8av.
Bonds— Cannot be called before maturity. See V. 75, p. 1401.

&

ROAD— Is to operate 20 miles of track connecting Apollo.Vandergrift,
Arnold, New Kensington

Hyde Park and Leechburg and Valley Camp,

and Parnassus. 70-lb. rail. 8 miles almost oompleted.
OFFICERS— President, O. W. Kennedy, Pittsburgh;
Leechburg, Seoretary;

-V.

J. J.
76, p. 480; V. 77, p. 90.

ST.

J. D. Orr,
Burke, Pittsburgh, Treas.—V. 75, p. 1400,

CLAIR INCLINE PLANE-A cable road.

Sept. 9, 1885. Road completed in 1889.
Stock, $150,000 f. p.; 1st mortgage, $1,000 each; 6s, M-N, $75,000,
due Nov. 7, 1909. Interest at Mellon Nat. Bank. Dividends— In Jan.,
1893, 2^2%. None since. Road is four-tenths of a mile long.
EARNINQS-Year to Deo. 31, 1903, gross, $23,042. In 1902, gross,
$20,251.
OFFICERS— Pres. and Supt.,W. S. Hughes; Treasurer, R. B.Mellon;
Secretary. H. A. Phillips. Office, 514 Smlthfleld St., Pittsburg.

ORGANIZATION— Chartered

PITTSFIELD, MASS.

PITTSFIELD ELECTRIC STREET RY-In Sept., 1904, the RR. Commissioners granted permission to increase stock from $200,000 to $300,000. V. 79, p. 1267.
Maturity.
Date. Interest. Outstanding.
Bonds—
Stock
$250,0C0 1903-04,6%
Stock, $300,000
^00,000 Julyl,1923
New 1st mortgage, gold, > 1904 4g. J-J

&

Pittsfield .Mass.
5 Int.at Berkshire L. & Tr.Co.
$200,000
$50,000
Floating debt Sept. 1, '04
Road— Owns 25-33 miles of track. An extension to Hinsdale is
,

completed and is now in operation.
Earnings —For year ending Sept. 30, 1904, gross, $154,068

;

net,

$44,279; taxes and Interest, $17,331; dividends (6 p. 0. on $200,000),
$12,000; insurance, $7,698; park expense, $4,399; bal., sur., $2,851.
OFFICERS. -Pres., Joseph Tucker Treas., Charles E. Merrill; Seo'y,
J. M. 8tevenson.— V. 74, p. 1253, 1309; V. 75, p. 78; V. 79, p. 1267.
;

HOOSAC VALLEY ST. R Y .-Trolley road.
April
This

road was purchased
7, 1886.
Organization— Chartered
by a syndloate, and reorganized.
Date. Interest. Outstand'g. Maturity, etc.
STOCK, BONDS, Etc.—

in June, 1902,

1904, 6 p. c.
$400,000
July 1, 1917
100,000
007
1897 5 5 J&J
Unt.atNewEngl.Tr.Co.,Bost.,trus.
Sept. 1. 1924
Ref mUe., $400,000, gold, ) 1904 4 g. M-S $300,000
>Int. atBerksh. Loan & Tr. Co.,Plttsf 'd, Tr.
($1,000)
Bonds— $100,000 of the new refunding mortgage bonds are reserved
to retire the first 5s. No sink, fund and bonds are not subject to call.
ROAD.— Owns 32 miles of track, from North Adams to Pittsfield, and
uses Pittsfleld Eleo. Ry. and Berkshire St. Ry. tracks in Pittsfield.
New line from Adams to North Adams (6 miles) just oompleted. Extension to Willlamstown. 6 miles, was completed in 1896. Extension
from Willlamstown to Vermont State line, 2H miles, expected to be
Stook, $500,000, par
1 =* ™™*.,<,
1st mortgage

M

built this year; 1

»*

$100

1

miles of this

Is

already completed.

Earnings— For year ending

Sept. 30, 1904, gross, $155,530; net,
$44,916; charges, $21,596; dividends (6 p. c), $24,000; def., $680.
Officers.— Pres., A. H.Rice, Pittsfleld; Vice-Pres.. E. D. Whitaker,
North Adams; Treas., William L. Adam, Pittsfleld; Clerk, S. P. Thayer;
Supt., W. T. Nary.-V. 76, p. 1144; V.78,p. 1446; V. 79, p. 213, 968.

PLATTSBURGH,

PLATTSBURGH TRACTION

N. Y.
CO. -A

trolley road.

ORQANlZATlONi ETC.— Chartered May 27, 1896. Capital stook,
$100,000 (par $100). First mortgage 6 p. 0. gold bonds of 1896, due

1926; int. J-J., at N. Y. Security & Tr. Co., N. Y., Trustee; authorized
$100,000, issued $80,000. For year ending June 30, 1904, gross, $21,234; net, $8,035.
Road—Owns 6*2 miles of track; rail, 50 lbs. T. Prest E. N. Sanderson; Secretary, W. L. Pattison; Treas. and Gen. Mgr., A. E. Reynolds.
,

PLYMOUTH, MASS.
BROCKTON & PLYMOUTH STREET Reorganization— Chartered on Jan.

Pembroke St. Ry.
Pembroke and Kingston. In
Plymouth & Kingston Street

1900, as the

3,

to operate a railway In the townB of
Sept., 1900, was consolidated with the

Ry. and the Brockton & Plymouth Street By., and in Nov., 1900, name
changed as above. Franchise perpetual.

Stock

& BONDS—

Stock, $295,000 ($100)
1st mortgage, $300,000
0*
($1,000), gold

Plymouth

&

Kingston,

Date.
>
S

)

Interest.

Outstanding.

Maturity.

$295,000
260,000

1900 4isg.J.-D.
Deo. 1, 1920
Old Colony Tr. Co., Boston, Trustee.
1890
Jan. 1, 1910
5 J. -J.
35,000

Int. at

1st mortgage, $35,000, [-Interest at International Trust
$100-$500 ($1,000).) Boston, Trustee.
Current liabilities, Sept. 30,1904
175,585

Company,

o.

Bonds— Of

the

new $300,000 mortgage, $35,000

are reserved to

Plymouth & Kingston Ry. bonds. See V. 72, p. 44.
1903.
EARNiNG8-For years ending Dec. 31— 1904.

retire the

Gross earnings
Operating expenses

1902.

$104,059
65,899

$97,812
74,411

$90,387
70,044

Net earnings
Other income

$38,160
5,307

$23,401

$20,343

Fixed charges

$43,467
35,512

21,456

20,772

$7,955

$1,945

Deduct
Surplus

def.

$429

ROAD— Plymouth through Kingston, Pembroke and Hanson, to Whit-

man, 2380 miles of track. Operates 27 passenger and 2 other oars.
OFFICERS-Pres., James D. Thurber; Vice-Pres., Chas. I. Litchfield
Treas., A. Stuart Pratt; Asst. Treas., G. E. Chase; Clerk, Henry R.
Hayes; Mgr. and Tr. Agents, Stone & Webster, Boston.— V. 77, p. 2158.

POMEROY, OHIO.
RIVER ELECTRIC RY.& POWER CO.
OHIO road.
a trolley
Organization
($50,000) of the

&

Incorporated in 1900. Owns all the oapital stook
& Middleport Eleotrio Co.

Pomeroy

Maturity.
Date. Interest. Outstand'g.
BONDS—
STOCK
$300,000
Stock, $300,000 ($25)
315,000 July 1, 1924
5 g. J-J
1st mtge., $315,000, gold.) 1900
($100, $500, $1,000). .0* s Int. at Columbia Ave. Tr. Co.,Phila.,Tru8.
Earnings— For year ending Deo. 31. 1904: Gross, $45,592; net,
$17,229; charges, $16,377; surplus, $852.

STREET RAILWAYS.

812

Road— Owns and operates lS^a miles of road extending through
Middleport, Pomeroy, Syracuse and Racine, Ohio. An extension to
Hobson is proposed.
OFFICERS— President, Percy M. Chandler; Vioe-Pres. and Gen. Mgr.,
John Blair MaoAfee; Secretary, J. Clark Moore; Treasurer, Jos. T.
Walmsley. General office, Harrison Building, Philadelphia, Pa.

PONCE, PORTO RICO.
PONCE ELECTRIC CO. -See Street Railway Seotion for Oct.
*904.
15,

PORT JERV1S, N. Y.
PORTRR. CO-- ELECTRIC LIGHT.POWER
JERVIS
GAS &
the Port Jervis Eleo-

a consolidation in 1901, of
the Port Jervis Light & Power Oo., the Port Jervis Gas Co. and the Deer Paik Eectrio Co.
Outstand'g.
Maturity.
Interest.
Date.
BONDS—
STOCK
$150,000
Stock, $450,000. $100
1902 5 g. J.-J.
275,000 Jan. 1, 1932
1st Mortg'e, $450,000 )
o* £lnt. at Knickerbocker Trust Co., N.Y., Trustee.
($1,000) gold
Bonds— Oi the authorized issue of $450,000, $175,000 are reserved
for extensions and improvements at the rate of 85% of cost.
Road— Operates 4>a miles of track, 60-lb. T rail; 6 cars. Supplies the

ORQANIZATION— is

trio Street

Ry. Co

,

&

city with light.

Earnings-- For 8 months ending Aug. 31, 1904, total net, $12,121;
taxes, etc., $3,070; bal., $9,051.
Officers— Pres., J. W. Fuller Jr.; Vice-Pres J. M. Fitzgerald; Sec
and Treas., O. R. Horn, 26 Cortlandt St., N. Y. city.—V. 74, p. 380.

STOCK

PORTLAND, ME.

&

633

I

|

|

PORTLAND & BRUNSWICK ST.

RY- CO--

in Maine on April 22, 1901.
interest. Outstanding.
Maturity.

Stock, $300 000 ($100) ..
$300,000
1st luort. $225,000, g. ) 1902
5 g. M-S
225,000... Mar. 1, 1922
($500 and $1,000) . o 5 Int. at Augusta Trust Co. , Augusta, Trustee.
Road— Owns road, 15'4 miles long, Brunswick to Yarmouth through
Freeport (including second track, 16 miles); 60 lb. T rails. 10 cars.
EARNINGS— For year ending June 30, 1904: Gross, $42,503; net,
$13,262; interest and rentals, $11,902; balance, $1,360.
Officers— President, E. J. Lawrence; Clerk, Herbert M. Heatb;
Treasurer, Cyrus W. Davis; Manager, Amos F. Gerald.
.

PORTLAND, ORE.

PORTLAND CONSOLIDATED

road.

RY.-A

trolley

Organization— Is a consolidation on Oct. 1. 1904, of tbe City &
Suburban Ry and the Portland Railway Co. $2,500,000 stock of the
new company was given in exchange for the $1,250,000 stock of the
City & Suburban Ry. and $1,500,000 for the $300,000 stock of the
Portland Ry. Co.

See V. 79,

967, 2086. Franchises expire in 1932.
Date.
Interest. Outstandg.
Maturity.
Btock, $5,000,000, $100
$4,000,000
See text.
Willamette Bridge Ry., 1st < 1889 6
100,000 Sept.1,1919
mortgage, $1,000 each
< Int at Am. Loan & Tr., Boston, Trustee.
City & Sub. consol. M., not j 1891 6g.M-8
87,000 Sept.1,1916
sub}, to call, $1,000 each.g. ( lnt.at Sec. Sav.& Tr.Co., Portland, Tr us.
City & Sub., new mort., $3.- ( 1900 4 J - J
1.288,000 June 1,1930
000,000($l,000)sub. to call < Interest at Security Sav'gs & Trust Co.,
at par aft. June 1, '15..c*g. ( Portland, Trustee.
Mult'mah St.Ry. 1st M.g. ) 1890 6g. J-D
148,000
June 1, 1910
Gold
o* S Int. at Am. Tr. & Sav. Bank, Chicago, trus.
Port. & Vancouver Ry..o* 1889 6
100,000
Feb. 1, 1919
Port.Ry.lstcon.M.,g. c* ) 1896 5g. J-J
812,000 Jan. 1, 1916
subj.to call Jan.l, 1906.. Interest at Mercantile Trust, N. Y.. trustee.
Bonds— Portland Ry. first consol. mtge. is for $2,500,000 ($250, $500
and $1,000), of which bonds for $248,000 are reserved to take up at
maturity the Multnomah and the Port. & Vancouver bonds; unissued
remainder may be put out at $20,000 p. mile for new road. Consols have
a sinking fund jf 5 p. c. per annum, beginning Jan. 1, 1906, and are
redeemable at par and accrued interest.
Divid nds—6 per cent per annum is being paid on the stock.
Road—The consolidated company operates 110 miles of track in

STOCK

&

p.

BONDS—

M-S

<,

Portland and vicinity.

Has 250

cars.

OF'ICERs— Pres.,

A. L. Mills; Vice-Pres., C. F. Swigert; Treas., J. C.
AiDsworth; Secretary, M. E. Swigert; Gen, Mgr., F. I. Fuller.— V. 19, p.
500, 967, 2086.

OREGONWATER POWER1902RY.-A
&
Oregon
Organized

Organization—
& Oregon

Portland City

others mature In 1945.

trolley road.
in
in
as successor to the
Ry. Franchises in Portland are perpetual;

Outstand'g.
$2,000,000'

Maturity.

500,000
g. F-A
at North Am. Tr. Co., N. Y.,

1901

6

PORTSMOUTH,

N. H.

PORTSMOUTH DOVER & YORK STREET
road.
RY-— A
trolley

Organization— This is a consolidation on July 1, 1903, of the Portsmouth Kittery & York St. Ry., the Berwick Eliot & York St. Ry. and
the Kittery

STOCK

& Eliot St.

&

Ry.

V. 77, p. 251.
Interest.
Date.

BONDS—

Stook, $650,0t0 ($100)
Istmort^e $650,000 . $
1st mortge. «fi*iOOnO

S

,

Ry

Outstanding.

$650,000
450,000

4^ J-D.

1P03

gtate street Trna% Co

|

>

Maturity.

1923

Boston> Tru8tee<

1897
6g.M.-S.
200,000
1917.
ff oldl
Int> at Waterv Tr Co Waterville, Me..Trustee
($500 and $l,00u)
>
Loans payable* June 30, 1904
61,500
Bonds— Of the new bonds of 1903 $200,000 are reserved to retire 1st
mortgage bonds of 1897, which are to be called at 105. The new bonds
can be called after 1913 at 105 and interest.
Earnings— For fiscal years ending June 30 of the Portsmouth Kittery & York St. Ry. before consolidation:
Qross.
Net
Fixed charges,
Dividends.
Balance
1903-4. .$143,050
$i 0,264
sur. $20,138
$50,402
1902-3..
81.C06
15,956
15,434
def. 522
Road— Operates 42 miles of track connecting Portsmouth, Dover,
Kittery, York and South Berwiok; 46 cars. Also owns ferry to Portsmouth; 1 ferryboat and 1 steamboat.
Dividends- In 1901, 6 p. c; in 1902, 2^ p. c; In 1903 and 1904, none.
Officers— President, John F. Hill, Augusta; Vice-Pres. and Treas.,
E. Burton Hart Jr., New York; General Manager, W. G. Meloon, Portsmouth, N. H.-V. 77, p. 251.
'

|200 000

-

Practically all of the capital stock of those companies together with
the entire issue ($350,000) of first mortgage bonds of the Portland &
Yarmouth Electric Ry, has been pledged as security for the consolidated mortgage bonds of the Portland RR
Miles. Date. Interest. Outst'ng. Maturity.
BONDS—
STOCK
F.-A. $1,999,592 See text.
8tk.auth.$2,000,000, $100
Port.RR.lstM.$500,O00gl6Ja 1893 4iag.M-N 500,000 May 1, '13
Portl. & Cape Eliza. 1st) .... 1895 5 g. M-N 400,000 Nov. 1, '15
M. $400,000 g. ($1,000) I lnt.at American L.& Tr.Co.,Boston, trustee.
Port. RR. 1st con, $3,000,000 ) 1901 3^g. J-J $1,350,000 July 1,' 51
c*$Int. at Portland Tr. Co., Port., Trustee.
($l,0u0& $500) gold
Bonds— Of the authorized issue of $3,000,000 consols, $1,000,000
are reserved to retire $900,000 prior liens and $650,000 are held for
extensions. Bonds can be callea at par on any interest date after July
1, 1931. V. 7-\ p 139. Portland RR. Co. guarantees the interest on
the $400,000 bonds of the Portland & Cape Eliz. Ry., but not principal.
*94
'95 '96 '97 '98' 99 1900' 01 '02 '03 '04 '05
Dividends—
)
5
3 1>*
Percent
\ 3 Aug.
ROAD—Operates about 100 miles of track, including a line from Portland to Yarmouth, a line from Portland to Cape Elizabeth and extensions to Saco and to Old Orchard Branch.
Annual Report— For the years ending June 30 as below, no t inoludng the Portland & Yarmouth Electric Ry.:
1904.
1903.
1904.
1903.
Gross earns... $732,968 $680,211 Dividends
$59,919 $59,916
11,950
Net earnings. 186,401
233,253 Surplus for year. 26.304
"Includes taxes & park expenses.
Interest
*100,178 *161,387
OFFICERS—President, Chas. F. Libby; Secretary, Treasurer and Purchasing Agent, E. A. Newman. Office, Portland, Me. V. 73, p. 139.

Organization— Incorporated
Date.
Stock & Bonds.—

Interest.

Feb. 15, 1921
Trustee.
I Int.
<
1902
6 g. J-J
3,000,000
July 1, 1932.
$5,000,000 g.($l,000)o* I Int. at Land Title & Trust Co., Phila., Trustee.
Bonds— Of the new mortgage for $5,000,000, $500,000 are reserved
for underlying liens. Bonds are subject to call on or after July 1, 1912.
at 105. A smking fund for these bonds is to be 25 per cent of net
earnings, after deduction of interest and taxes, each year after 1907.
The Portland City & Oregon bonds can be called after Feb. 15, 1911,
at par and accrued interest, upon 60 days' notice. Sinking fund of
$5,000 per annum on these bonds for the first four years and $10,000
thereafter becomes operative on Feb. 15, 1907.
EARNINGS— For 1903: Gross, $233,361; net, $120,727.
Road— Operates 66 miles of road on the east side of the river, inolualng the line above Oregon City (Falls of Willamette River) to Canemah, and branches to Mount Tabor. The line to the East Side Reservoir ana to Mount Scott, Gresham, Boring, Barton, Eagle Creek,
Currinsville, Estacada and Cazadero, is all completed.
OFFICERS— President, W. H. Hurlburt; Vice-Pres.. J. Frank Watson;
Seoretary, W. T. Muir; Treasurer, Fred S. Morris.— V. 77, p. 1*94.

*M""

Organization—Chartered March, 1863, under laws of Maine. Controls Portland & Cape Elizabeth Ry., Cape Elizabeth St. Ry., Portland
& Yarmouth Eleotrio Railway and Westbrook Windham & Naples.

66666

Date.

&
$500,000($1,000) g *o
Ore. W. P. & Ry.fMtge.,

P

RAILROAD.-Trolley.

BONDS—

Stook, $2,000,000 ($100)
Port. City Ore. 1st M., J

,

PORTLAND

&

[Vol. lxxx.

.

•

POTTSV1LL.E, PA.
POTTSVILLE UNION TRACTION.-Trolley.
Organization— On May 15,1899, the Pottsville Union Traction was
ireorporated at Hairisburg (charter perpetual) for the purpose of
consolidating the following lines, which are operated by virtue of
control of stocks and of leaseholds Schuylkill El. Ry. Co., Pottsville &
Beading Ry. Co., Tamaqua & Pottsville Electric RR., Schuylkill
Haven & Orwigsbnrg St. Ry., Coal Castle Electric Ry., People's Ry.
Company of Pottsville, and the Port Carbon & Middleport Electrio Ry.,
comprising the eleotrio railways of Pottsville, Yorkville, Minersvilie,
Palo Alto, Belmont, Cumbola, Mount Carbon, Port Carbon, 8aint
Clair, New Philadelphia, Middleport, Schuylkill Haven, Adamsdale,
Orwigsburg, Coal Castle, Glen Carbon, Tumbling Run.
:

STOCK

&

BONDS—

Date.

Interest.

Outstand'g.

Maturity.

8tock, $50, full paid
1st M., $1,250,000 gold.
$500 and $1,000... o*

$1,250,000
1899
5 g.M-S
1,129,000 Sept. 1,1929
J
I Int. at Real Estate Trust Co., Phila., trustee.
Bonds—Of the $l,129,C00 issued, $750,000 were reserved to retire
bonds of leased companies, as given below. Of the $750,000 leased
line bonds, $356,000 have been acquired and are held in trustee's
hands, viz.: $205,000 Hchuylkill Eleo. Ry.; $1,000 Pottsville & Reading Ry.; $60,000 (total issue) Schuylkill Hav. & Orwigsb'g Ry.; $30,000 (total issue) Coal Casile El. Ry. and $60,000 (total issue) Tamaqua & Pottsv. El. Ry.: for the $394,000 still in hands of investors an
equal amount of 1st M. 5s Is held In escrow. The $121,000 bonds unissued are reserved for acquiring additional mileage and necessary
equipment for same.
Report— For year ending Dec. 31, 1904, gross, $227,267; net,
$65,685; fixed charges, $82,340; surplus, $3,345.
ROAD— Owns and operates 42'8 miles of track; standard gauge,
operates 50 motor and 7 trail cars,
60-lb. T and 90-lb. girder rails
1 snow-plow, 1 snow sweeper.
OFFICERS—President. Clarence P. King; Vice-Pres., Thos. B. Prosser; Secretary, William C. Pollock, Jr.; Treasurer, Jos. B. Hoellman;
Supt., D. J. Duncan. General office, Pottsville; President's offioe
Room 1 309, Real Estate Trust Building, Philadelphia.—V. 69, p. 441.
;

(1)

SCHUYLKILL ELECTRIC RY.— A trolley

road.

Organization— Chartered on Oct. 4, 1889, for 99 years and leased
to the Pottsville Union TraotionCo.; franchises perpetual.
Date.
Interest. Outstanding. Maturity.
STOCK & BONDS—

Stock, $650,000 ($50)
1st mortgage, gola..c*) 1895

$500,000($500&$1,000

$650,000

6 g.F-A
500,000 Feb. 1, 1925
Int. at Real Estate Trust Co., Phila., trust.

$

(2) POTTSVILLE & READING RAILWAY.—A trolley road.
Organization— Chartered on May 5, 1892, for 999 years, and

leased to the Pottsville Union Traction Co.
Date.
Interest.
BONDS—
STOCK
Stock, $100,000 ($50 par)

&

1st M. gold, c* $100,000
($1,000)

)

5

1895
Int. at

Outstand'g.

Is

Maturity.

$56,600
100,000

6g. F-A
Feb. 1, 1925
Real Est. Tr.Co., Philadelphia, Trus.

RY—

A trolley road.
(3) TAMAQUA & POTTSVILLE ELECTRIC
Chartered on May 5, 1892. Franchise, 999 years. [Stock authorized
$60,000 (par, $5< ); outsianding, $60,000. Bonds, IstM. 6 p. c, 1895,
due 1925. $2^0,000 authorized, S60.000 outstanding; all in hands of
trustees of Pottsv. Un. Tiac. 1st mort. bonds.
(4)

SCHUYLKILL HAVEN & ORWIGSBURG STREET RY.-A

Chartered on March 4, 1898. Franchises perpetual.
Stock authorized, $60,000 (par, $50); outstanding, $30,000. Bonds,
let M. 5 p. c, 1898; due 1928; $60,000 authorized; all issued and all
in hands of trustees of Pottsv. Un. Trao. 1st mort. bonds.
trolley road.

COAL CASTLE ELECTRIC RY.—A trolley road.

Chartered on
99 years. Stock authorized, $30,000 (par, $50);
outstanding, $15,000. Bonds: 1st M. 5 p. C, 1899, due 1929; $30,000
authorized; all issued and all in hands of trustees of Pottsv. Un Trao.

(5)

March

10, 1899. for

1st mort. bonds.

Feb., 1005.
(6)

STREET RAILWAYS.

|

PEOPLE'S RAILWAY—Leased

Road—Operates 174 miles

Union Traction Co.

to Potts v.

EL. RY. CO.—A trolley road.
(7) PORT CARBON & MIDDLEPORT
Leased to the Pottsvllle
Chartered July 5, 1898. for 999 years.
Union Traction Company. Stock authorized, $100,000; $50 per
No bonded indebtedness. Road
outstanding, $93,000.
share;
extends from Port Carbon to Belmont, Cumbola, New Philadelphia and
Middleport; a total of 57 miles of road.

POUGHKEEPSIE,

N. Y.

POUGHKEEPSIE CITY & WAPPINGERS
FALLS ELECTRIC RAI LW A Y-A trolley road.

Organization.—Chartered March 22, 1894.
Outstand'g.
Date.
Interest.
C-rnrK A Bonds—
S
T
$750,000f. P
St'k $750.000°par $100
404,000
5 g. J-J
1st M. gold $1,000 s. f. J 1894

Maturity.
....

JulyL.1924

Cent. Trust Co., N.Y., Trustee. Int. in N.Y. City
Bonds- The bonds are limited to $25,000 per mile of completed
trolley road, $10,000 of this being issuable when track is laid and remaining $15,000 when equipped with trolley. No bonds can be issued
" until the stockholders of this company shall
in excess of $500,000
consent to such excess In the manner provided by the laws of the State
of New YorR." Sinking fund, beginning Jan. 1, 1897. equal to 1% of
the "bonds issued hereunder"; bonds purchased at not exceeding 110.
Road— Owns 15*60 miles of road; second track, 1'14 miles sidings,
•59 miles; total, 17-33 miles of track. 25 cars.
EARNINGS— Year ending June 30, 1904; gross, $98,406; net, $27,042;
charges, $25,9-9; surplus, $1,053.
OFFICERS- President, J. W. Hinkley 489-493 Main St., Poughkeepsie,
N. Y.; Secretary and Treasurer, Silas Hinkley, Poughkeepsie.

no opt ,$500,000.0*.

X

;

,

PROVIDENCE,NoR.

RHODE I8LAND SECURITIES
UN ON RAILROAD CO.
PAWTUCKfc/T STREET RY.
RHODE ISLAND SUBURBAN.

CO.

I

f

I.
late information.

"I

[

J

See STREET

of track.
F. Dunoan, Portland, Me.; Sec, W. B.
Treas.. Henry P. Cox; Gen'l Mg'r.; H. E. Chub-

Officers—President, Geo.

MoKlnley, Quinoy, 111.;
bock.-V. 67, p. 372, 737.

REDLANDS, CAL.

THE SAN BERNARDINO VALLEY TRACT.
—A
road.
trolley

Organization—Is a consolidation on June 8, 1903, of the Redlands
Street Ry., the San Bernardino & Highland Electiio Ry. and the San
Bernardino Valley Traction Co.

&

Interest.
Date.
Outstand'g.
Maturity.
BONDS—
STOCK
StocR, $ 1,50 0,000 (*100)
$1,080,000
New mort., $1,000 000, ) 1903 5g. M-S
520,000 Sept.1,1933
gold,s.f.($l,000).c*&r I
Int. at Los Angeles Trust Co., trustee.
few old bonds still remain outstanding, butthese are being
Bonds.
taken up. The new bonds are subject to call after 5 years at 105.
Road— Owns 32 miles of track in and between Redlands, San Bernardino, Colton and Highland. 40 to 60 lb. T rail. Standard gauge.
Earnings— For year to Deo. 31. 1903, gross, $86,936; net, $38,778.
Officers— President, Henry Fisher; Vice-President and Mgr., A. C.
Denman Jr.; 8ec. Treas., C. W. A. Cartlldge; all of Redlands.—V. 76,
p. 1302, 1409; V. 77, p. 512, 1226.

A

&

RICHMOND,

trolley

&

Outstanding.
Interest.
Maturity.
BONDS— Date.
Stock, $600,000
$500,000
1st mtge., $600,000) ....
5 g. J-J
600,000
1950
Tr. Co., Lafayette, Ind.,TTus.
($500), gold ... *c s Lafayette Loan
Bonds.— Are subject to oall at 107^.

STOCK

&

Earnings— For year ending Dec. 31,1904,

RAILWAY

Section for October
1904.

Rhode Island on April

Interest.

Outstand'g.

29, 1898.

Maturity.

$1,000,000
Stock,$l,000,o00,$l00
May 1, 1931
5g.,M-N
600,000
1901
1st Mtge., $600,000, >
$ Int. at Industrial Trust Co. Providence, Trustee.
gold ($1 ,000)
Bond*.— No sinking fund, and are not subject to call.
Earnings For year ending June 30. 1904, gross, $30,809; net, $17,492; fixed charges. $31,622; defloit, $14,130.
ROAD.— Operates from Providence, R. I., to Danielson, Conn., 36"63
,

miles; 60-lb.

OFFICERS
Franklin

A."

T

rails;

45

cars.

— Pres., James H. Morris. Phlla; V.-P..,D. F. Sherman; 8eo
Smith

Jr.; Treas.,

Geo. W. Prentice; 8upt.,

J. E. Thielf-en

PROVIDENCE & FALL RIVER STREET
RY-A trolley road.
under the laws of
in Maroh, 1901,
Population served, 350,000.

Organization.— Incorporated

State oi Massachusetts.

STOCK AND Bonds-

Date.

Interest.

Outstand'g.

the*

Maturity.

$165,000
July 1, 1921
165,000
i*
„„„„ «onnnno) 1901 5g.J-J.
$200,000 1 Int at In^ U8trlal tt. Co Pr0 vidence, trusl8
g8g
gold
o
($1,000,
tee, or Eliot National Bank, Boston, Mass.
^
Earnings— For year ending Sept. 30, 1904; gross, $46,938; net,

Stock, $165,000

LT«

^

.

(

$10,231; charges, $13,999; defloit, $3,768.
Road— Operates about 12*3 miles of track. Providence, R. I., to Fall
River, Mass., with an extension to Warren, R. I.
Officers- Pres.,John J. Whipple; Vice- Pres., W. H. Trumbull; Treas.,
Geo. A. Butman, 8 Congress St., Boston, Mass.— V. 73, p. 33, 616.

PUEBLO,

COJL.

PUEBLO & SUBURBAN TRACTION
LIG hITING— a
trolley road.

&

Organization -Incorporated in Colorado on Nov. 20, 1902, as a
consolidation of the Pike's Peak Power Co. (a water power plant) of
Victor and the Pueblo Traction & Lighting Co. V. 75, p. 1203, 1355.
Owns all the street railway, eleotrio lighting and electrio power interests in Pueblo and vioinity. Railway franchises expire in 1940
and 1942 and eleotrio light franchise in 1924.
Suffered from the severe strikes in Colorado prevailing in 1903 and
1904, during which period the company greatly reduced its service.
Date. Interest. Outstand'g.
Maturity.
BONDS—
STOCK
St'ck$3,500,000(par$100)
$3,500,000
1,100,000 Jan. 1, 1921
Pueblo Traction* Lighting C 1901 5 g. J-J
mtge., $1,500,000, < Int. at International Trust Co., Denver,
1st
<r (trustee, or at Morton Trust Co., N. Y.
gold ($1,000)
Pueblo & Suburban 1st i 1902 5g. A-O $1,700,000 Oct. 1, 1922
mtge, $3,500,000 gold < Int. at International Trust Co.. Denver,
o* ( trustee, or at Morton Trust Co., N. Y.
($1,000) s. f
Bonds.—Of the new mortgage for $3,500,000, $1,250,000 are reserved
to retire the $1,100,000 bonds of the Pueblo Traction & Lighting Co.
and $550,000 for future betterments. Entire issue Is subjeot to call
after Oot. 1, 1909, at 104 and interest. A sinking fund oommenoes
In 1909, whioh must retire at least $50,000 bonds per annum, said fund
to be invested in the bonds in open market at not higher than 104;
otherwise bonds can be called for the purpose. See V, 75, p. 1355.
Entire issue of Pueblo Traction & Lighting 1st mort. bonds may be
oalled after Jan. 1, 1906, at 104 and interest. A sinking fund of
$10,000 annually on these bonds commences in 1906 and mav be
used to oall bonds after January, 1906, at 104 and Interest. See V. 72,

&

p. 821.

Road— Owns 32 miles of track, all in city of Pueblo. Eleotricity furnished by power plant at Beaver Creek.
Earnings.— For 12 months ending Dec. 31, 1903, were: Gross, $494,454; net, $ 1.89,692; interest on bonds, $144,837; surplus, $44,855.
Officers— President, M. D. Thatcher; Vice-President, Warren
Woods; Treasurer, H. E. Woods; Secretary, F. M. Woods; General
Manager, John F. Vail.— V. 75, p. 1203, 1355; V. 76, p. 866.

QUINCY,

ILL.

QUINCY HORSE RY. & CARRYING CO.Stock

&

Bonds—

Date.

Interest.

Outstanding.

Maturity.

$600,000
Oct. 1, 1910
1st mortgage, $500 < 1890
5 A-O
140,000
(E. J. Parker.J. F. Carrott. Quinoy, IlL.Trust's.
each
Oct. 1, 1918
1st consol. M. $550,- $ 1898
5g. A-O
$382,000
o*. X Int. at Portland Trust Co., Portland, Me., Trust
000, gold
Interest on first mortgage payable at Quinoy (111.) Trust Co.
Of the 5s of 1898, $140,000 will be used to retire the 1st 5s and
$28,000 retained by trustee for future extensions and improvements.
Earnings— For year 1901, gross, $135, 169. In 1903, gross, $128,906.

Stock, $600,Oi. 0($100)

gross, $135,000;

net,

ROAD Operates 30 miles of track. Including a line (20 miles) to Cam
bridge City, Dublin and Milton. Connects at Dublin with the Indianapolis & Eastern Traotion. 60 and 70 lb. T rail.
OFFICERS— Pres., H. B. Smith, Hartford City; Vice-Pres., J. W. Van
nyke; Sec. and Treas., C. Murdock. -V. 74, p. 1197.

trolley

in

IND.

RICHMOND STREET & INTERURBAN RY.
road.
-A

$58,000.

PROVIDENCE & DANIELSON RY- CO.-A
road.
Organization.— Incorporated
Date.
9TnrK A. Bonds—

813

RICHMOND, VA.
POWER CO,— Default occurred July
payment

VIRGINIA PASSENGER &

1, 1904, in the
of interest
1st cousols. Va. Elec. Ry. & Dev. sstmtg. and
and 2d mtgs. V. 79, p. 153. Frank Jay Gould
Power 1st
Rich. Pass.
subsequently offered to purchase the coupon on the Va. Elec. Ry.
Development bouds. In Oct , 1904, the Bank of Richmond gave notice that it would pay the July, 1904, and preceding coupons of the
Vlr. Elec. Ry
Dev. Co. and the Westhampton Park Ry. V. 79, p.
2087. Default also ooourred July 1 in the interest on the Richmond
Traotion issue, but this was afterwards paid. Sept. 1, 1904, Interest
on Southside Ry. & Dev. bonds was defaulted. The coupons now In
default a^e those on the bonds of the Virginia Gleo. Ry. & Dev. Co.,

Defautt

on Va Pass.

&

& Power

&

&

& Uevel. Co., the Westham->ton Park Ry. and the
mortgage and debentures of the Rich Pass. & Power Co. Forecloure proceedings have been commenced.
Receivers— Judge Waddill in the U.S. District Court at Norfolk, on
July 16, 1904, appointed William Northrop and Henry T. Wickham,
receivers. SeeV. 79, p 271. On Aug. 5. 1904, Judge Mullen, in the
Hustings Court at Petersburg, appointed George Cameron Jr.
receiver and granted him permission to apply to the U S. Circuit Court
to have the property taken out of the hands of the receivers appointed
by the U. 8. Distriot Court. See V. 79, p. 682, 628. In November,1904,
Judge Waddill declined to reconsider his action. V. 79, p. 2087. In
Feb., 1904, In the «uit of George E Fisher of New York, Judge Mullen upheld the validity of certain bonds of the Southside Ry. <& Develthe Southside Ry.
first

opment Co.
Organization—Organized In 1901 under

special perpetual charter

from the State of Virginia, with broad powers to acquire and operate

railways and other properties and to own stock and other securities of
other corporations or to consolidate with other corporations, in accordance with which it secured by mortgage, consolidation and purchase the following properties.
Richmond Passenger <t Power Oo., operating 25 miles of railway in

Richmond; also an electric-lighting and power plant.
Richmond Traction Oo., with 19 miles of track In Riohmond and suburbs.

Southside Ry.<6 Development Oo., operating 14 miles of railway in
Petersburg and suburbs; also furnishing all the eleotrio light and

power in the

city.

Virginia Electrical Ry. A Development] Oo., owning water rights on
the James River at Richmond and Manchester. Sinoe its acquisition
by the Va. P. & P. Co. the capacity of the plant has been increased to
10.000 horse power.
Upper Avpomatox Oo., owning water rights, lands and navigation
canal for 50 miles on the Appomatox River above Petersburg and is
engaged in the development of 10,000 H. P. from fall of water In
that river.
Mechanicsville Turnpike Oo., operating a toll road running from the
city of Riohmond Into the counties of Henrico and Hanover, 5^ miles.
Brook Turnpike Oo., operating a toll road running from city of Richmond into the counties of Henrioo and Hanover, 6 miles, through a
thiokly settled district.
Richmond <6 Petersburg Electric Ry., operating an interurban line of
22 Miles, connecting the three cities of Riohmond, Manchester and
Petersburg.
The Virginia Passenger & Power also owns and operates 38 miles
of railway in the suburbs of Richmond and in Manchester and suburbs in addition to the systems above enumerated.
Date. Interest. Outstanding.
Maturity.
STOCK
BONDS—
Stock, pref., 6 per cent,
$3,474,000
none, $5,000,000... 5
Stock, oom., $10,000,000.
8,422,000
5 g. J-J
1st con. M., $15,000,000 > 1902
7,821,000 July 1, 1952
gold ($1,000)..
. .o* ] Int. at Bowling Green Tr. Co., N. Y" Trustee
Floating debt Dec. 31, 1903, $3,026,523.

&

Underlying bonds, fob which consolidated bonds are reserved.
Ry & Dev. 1 1899 5 g. M-S
1.000,000 July 1, 1949

Southside

Co. 1st M. gold, $l,-£ Int. at Equitable Trust Co.,

000,000 ($1.000>...o*

New York, trus-

tee.

Virginia Electrio Ry. <fe )
1899 5 g. J-J
1.500,000 Jan. 1,1929
Dev. Co. 1st mort., > Guar, by Va. Pasc & Power Co, Rich. Trust
$1,500,000
)
& Safe Deposit Co., Trustee.
Rioh. P.& P. lstcon. mtg.
1900
5 g. J&J
3,000,000 Jan. 1, 1925
bonds, g. ($1,000) o*
Interest at Central Trust Co., New York,
$3,000,000. Cannot be T,.,.
1TU8tee
called.
I

,

& P. debenture
mort. bond s, g, $1,000,'
'.
000 ($1,000)".. .'.

J

1,000,000 July 1, 1910
5 g. J&J
Metropolitan Tr. Co., N. Y., Trustee.
) May be oalled any time at 102 and acor'd int.
500,000 NOV 1, 1925
5 g. JRIpI, TraPtim, l.tmnrt (1895
Maryland Trust Co.. Baltimore, Trustee.
'
*',00 ooo 2 * ooS o* \
$o00,000, g.($l,000).o
£ gub)eo t to oall 105 a f ter Ju i y 1( 1900.
150.000 Jan. 1, 1931
Westhampton Park Ry., ( 1901
5 g. J-J
1st M., $150,000, gold, <
Riohmond Trust & Safe Deposit Co.,
Rich. P.

1900

Int. at

i

($1,000)

c( Trustee.

—

k

STREET RAILWAYS.

814

Bonds— Ot the $15,000,000 mort., $7,150,000 are reserved for underlying bonds of the various companies. The 1st con. mort. bonds can
be called on any Interest date at 110 and Int. on 3 months' notice.
Stn ''..—Company suffered from a severe strke on all its lines from
June 17 to Aug. 24, 1903.
Road— The consolidation embraces about 118 miles of track and 12
miles of turnpike. The company owns real estate In the three cities,
including park properties valued at $1,000,000. Kails, 98,95 and
90-lb. girder and 60, 70 and 80-lb. T.
OFFICERS— President, Fritz Sitterdmg, Richmond; 1st Vice-Pres.,
Frank Jay Gould, New York; 2d Vice-'* res., Auk Wright, Petersburg;
Sec. and Treas.. Guy Phillips, New York; Ass't Sec and Treas., Woa.
Northrop, Richmond. General Office, Richmond. Va. New York office,
195 Broadway.-V. 78. p. 344,1443; V. 79, p 153,214,271,628,682,
737, 1 1463, 2087; V. 80, p. 713.

ROANOKE, VA.
RAILWAY &
ROANOKEserved about 30,00o. ELECTRIC.-A
road. Population

trolley

Organization—The Roanoke Street Railway and the Roanoke EleoPower were both sold at foreclosure August 1, 1899 The
Light
present company was Incorporated in Virginia. In Jan., 1903, the entire ($200,000) caDital stock was purchased by a Philadelphia syndicate,
who Increased same to $500,000 and elected the offioers as below.
Maturity.
Date. Interest. Outstand'g.
STOCK & Bonds—
J-D $500,000 Dec, '04, 2%
Stock $500 000 ($100)
trlc

<fe

5 g. J - D
75,000 Deo. 1, 1949
8. Fund
< Int.atMercantileT. &D.Oo.,Balt.,trustee,
Feb. 1, 1953
1st con. M., $750,000 gold. J 1903 5 g. F-A. 425,000
c* (Int. at Real Estate Tr. Co., Phila., trustee.
($1,000), s. f., gold
Bonds— $75,000 of the new mortgage bonds are reserved to retire a
like amount of firsts, linking fund on Feb. 1, 1910, annually to Feb.
1, 1920, 1 p c of outstanding bonds and thereafter Ha p. o.
Dividends.— In 1904, June, 1>« p, o.; Dec, 2 p. o.
Earnings— For fiscal year ending May 1, 1904, net, $57,000, interest, $25,000; surplus, $32,000.
Road— Operates 14 miles of road in Roanoke; also extension to Salem, Va.; total, 1913 miles; also owns park and theatre.— V. 72, p. 184.
OFFICERS— President, R. D. Apperson, Lynchburg; Vice-Pres., Chas.
R. Miller, Philadelphia; Sec and Treas., F H Shelton, Philadelphia
Gen. Man., J. W. Hancock. Roanoke.— V. 76, p. 213, 706; V. 78, p. 344.
1st

M. $300,000 ($1,000)

g.

<

1899

ROCHESTER,

N. Y.

in
on
26, 1904, and is a
Electric Co. and the Rochester
solidation of the Rochester Gas
Power Co. Controls the Rochester Railway Co. through
Light
ownership of a majority of the common stock, amounting to more than
a majority of the com. and pref. Common stockholders of the Railway
ex•Co. were given $120 per share in pref. stock of the new company
change for their holdings and also the rlsht to take com. stook iu the
newfcompany ("0 p. e. paid), share|for share, upon payment of $20 per
share. See V. 78, p. 1782. The preferred stock and bonds of the
Rochester Ry. Co. are not affected. The preferred stock of the Roches,
Electric Co. was given option of $120 per share in first conter Gas
solidated bonds or preferred stook, and the common stock $110 per
in flr3t consol. bonds of the new company. Messrs. Hodenpyl,
share
Co. of Philadelphia
Walbridge & Co. of New York and E. W. Clark
carried through the plan, which will be found in full in V. 78, p. 17»2.
Five hundred thousand dollars of the 1st cons, bonds, together with
$250,000 common stock of the Ry. & Light Co., were offered for subscription to pref. stockholders of the Rochester Ry. Go. at 90 for the
bonds and 2o for the stock. V. 79. p. 2i3. Stock.com. and pref., and
consol. mort. were in Nov., 1904, listed on Phila. 8tock Exchange.

OROANlZATiON—

&

&

m

&

&

STOCK

&

BONDS-

Date.

Common,$6,500,000,$100
000 00 °'|
P e CU
$ ibo ™Ve f^
;

Gi&Elec

l8t|M.,

($1,000)..
Elcc.
($1,000) g

2d M.,

Roch.
g.

&
G. &

Rooh. G.
Rooh.

El.

>

$
I

5

Imp. M.,

>

($1,000)

Brush

S

El. Lt. 1st mort.,

>

gold ($1,000)

5

Mun. G. &E1. lstM.$l,->
500,000 ($1,000)
-<31t.

Lt.

A

c*

i

P. Co. mort.,

>

gold

g.,

J

Water Power mtges
Stoek - The common stock

Outstanding.

Maturity.

{to'^pSS?}

QM

-.

'

^OoJffliw&'siW^
gold ;.:....... .c 5

Interest.

>

3,000,000 Dec.1,'04,1

5 * JJ
5,«97,000 July 1,1954
Security Trust Co., Rochester, Trustee.

904

1892
5g. M-N
2,000,000 Nov.l,*12
Knickerbocker Trust Co. N. Y., Trustee.
1900 4>«g. M-8
1,000,000 Mar.15,'20
Security Trust Co., Rochester, Trustee
1901
4^g. J-J
700,000 July 1, '21
Rochester Trust & S. Dep. Co., Trustee.
Pg. J-Ji»
1895
250,000 Jan 15,'15
Security Trust Co.. Rochester, Trustee.
1902 4isg. A-O
1,400,000 Apr. 1, '42
Int. at Central Trust Co., N. Y., Trustee.
1894
4^g. J-J
100,000 Jan. 1, '14
Rochester Trust & 8. Deb. Co., Trustee.

779,900

is 70 per cent paid and a call of 1
per cent
dditlonal Is payable July 1, 1906. No additional calls can be made
before July 1, 1907, and not more than $10 per share in any
onsecutive 12 months. The preferred stock is 4 per cent cumulative until June 1, 1906; thereafter 5 per cent cumulative.
Bonds— The Municipal Gas Electric 4<«s are subject to call on and
fter April 1, 1912, at 102»* and interest on 3 weeks' notice; $100,000
of these bonds are reserved to retire a like amount of Citizens' Lt. &
Power bonds, which are redeemable at par and interest at any time
n 60 days notice. These bonds were originally 6s, but interest was
reduced to 4 1* p. c in 1903 The Roch. Gas & Elec 2d 4^8 are redeemable at par on or aft r March 15, 1910, and the Impt. 4^ s at par
on or after July 1, 1911. The new $16,000,000 mortgage of the Roches
ter Ry. & Light Co. Is subject to call on any Interest date at 110 and
int. on 90 days notics but future issues of these bonds may be called
at a lower figure If fixed by the company beore their issuance. Interest is payable at the Security Trust Co., Roches'er; E. W. Clark &
Co., Phil., and Hodenpyl, Walbridge & Co., New York. Of the $16,
000,000 authorized, $5,197,000 was issued in exchange for stock of the
Electric Co. and $500,000 was sold for cash; $6,229 Rochester Gas
900 are reserved to retire prior liens of the Rochester Gas <& Electric
Co. and $4,073,100 for betterments, acquisitions and improvements
(V. 78. p. 1782); $2,755,000 Rochester Ry. common stock are pledged
as additional security.
Dividends.— First dlv. on pref. stock -1 p. c- was paid Sept. 1, 1904
and 1 p. o. was again paid Deo. 1, 1904.
PROPERTY- Does the entire street-railway, gas. electric-light and
power business of Rochester. Franchises for electric light, gas an I
power business are perpetual and for street railway are perpetual and
oxclusive.
Report OF Gas Company.— Earnings of Rochester Gas & Electrio
tor year ending March 31, 1904: Gross, $1,235,398; net Income
$527,990; fixed charges, $302,772; dividends, $170,744; surplus,
$54,474 For report of Rochester Ry., see below.
OFFICERS—Chairman of Board, Frederick Cook, Rochester; Presi
dent, H. D. Waltridge, New York; Vice-Pres , E. W. Clark Jr., Philadlister, Rochester; Sec. and
delphia; 2d Vice-Pres., Granger A.

&

&

H

Treas George E. Hardy, New York; Gen. Mgr Ass't. Sec. and Trea«
W. M. Eaton, Rochester.— V. 79, p. 152, 213, 787, 2206.
,

.

(

1 )

|

Vol. lxxx.

ROCHESTER RAILWAY—A trolley road

Organization— Controls the

entire street car system of the city
Chartered Feb. 25, 1890, and is a consolidation of
the Rochester City and Brighton RR.,the Cross-Town RR. and th#
South Park RR. Franchise practically perpetual and exclusive. The
Rochester Electric Railway was leased on September 8, 1894, lease
dating from July 1, 1894, for 50 years, at a rental of 8 per cent on
$200,000 stock (of which the Rochester Ry. owns $136,900) and
whenever gross reoeipts exceed $55,000 one-quarter of such excess. A branch of the Rochester & Suburban (theSummerville Branch)
is leased for 10 years from April 15, 1898, at an annual rental of $8.000; see that company under Irondequoit. In addition to the stook
of the Rochester Electric Ry. also owns 205 shares out of the total 400
shares (par, $50) of the Rochester & Charlotte Turnpike Co.
On July 1, 1902, leased the Roohester & Sodus Bay Railroad for 999
years at a rental of 213 p. c on $750,000 preferred stock for first
year, 3 p. 0. for second year, 3^ p. c. for next year, and 4 p. 0. thereafter. V. 75, p. 395. Common stock all owned by Rochester Ry. Co.
In Oct., 1901, both pref. and com. stock were listed on the Philadelphia
Stock Exchange, and in Nov., 1902, listed the 2d mortgage bonds.
Date. Interest. Outstanding.
Maturity.
STOCKS
Bonds
Com. stk, $3,000,000 ($100)
$3,000,000
500 00
2,500,000 Jan., '05,114%
^llOO?!:.^:.?^ : . }
Bx>oh.C'y"&B!"3dM.in'ow"<1889 6
A-O
175,000 Apr. 1,1919
1st M. ($500)
Interest at Rochester Tr. & S. D. Co.
i
5
1 30
Roohester Ry. Consol. M" $ "9°
&°°?
a f £:,?„„ *'T
^
«q rtrtn nr>rw*i r\nn\ <r «* S *nteresl at Solicitors' Loan & Trust Co.,
HM,wu,uoo($i,oou)g.o
£ Philadelphia.
24 M., $1,500,000, g. > 1893 5g.J-D
1,500,000 Deo. 1,1933

of Rochester.

&

-

^^i

($1,000 each)
o* ) Interest at Security Tr. Co., Rooh., Trustee.
Consolidated mortgage of 1890 and second mortgage cover all present
and future property of the company, and the bonds are to have their
principal and interest paid without deduotion for any tax payable by
the company under any law of the United States or New York State
and imposed upon the bond for national, State or municipal purposes.
Of the consols $300,000 are reserved to retire underlying bonds of the
Rochester City & B. RR.

Second mortgage bonds cannot be called.
Dividends-—First div. on pref. stock, 1 p.o.. was paid Jan. 1, '02; in
1902 4% p. c; in 1903, 5 p. o.; In 1904, 5 p. c; in 1905, Jan., 1^4 p. c.
Road.— Following are details of mileage, not including the recentlyaoqulred Rochester & Sodus Bay:
Road. Owned.
Miles.
Road leased
Miles.
49-12 Rochester Electrio
Main line, trolley
Second track
3617
do
do 2d track.. ,-^
t*-'v»
1-64 Rochester <fe Suburban
81dlngs
do
2d track & siding J
Total
86 93
.104-92
Total oper,
height of rails, 40 to 107 pounds, standard gauge; oars, 200
Annual Reports for years ending June 30 show
1903-04.
1902-03.
1903-04. 1902-03.
Gross earn..$l, 487,182 $1,291,369 lnt.& taxes
$358,658 $392,882
Net
636,434
598,438 Rentals
I
Oth. income
24,930
32,983 Dividends
.. 125,000
125,000

—

—

I

ROCHESTER RAILWAY & LIGHT COIncorporated
New York
May

<50'

:

.

Netinc...
$661,364 $631,421
Surplus
$177,706 $113,539
V. 78, p. 344, 584, 769, 1276, 1782, 2012; V. 79, p. 152, 213.

—

THE ROCHESTER & SODUS BAY RAILWAY

(*)

Organization— Organized Aug.

13, 1898, to build

CO.
an electric railroad

from Sodus Point, Wayne County, on Lake Ontario, to the oity of
Rochester. The road was opened on August 22, 1900. On April 1,
1901, leased for 999 years the Irondequoit Park RR. of 3*3 miles,
and this on July 25,1902, was consolidated with the Rochester & Sodus
Bay RR. The latter has been leased from July 1, 1902, to the
Roohester Ry. for 999 years. For terms of lease see that company
above. V. 75, p. 395. Total track owned and operated, 41*20 miles.

STOCKS—
Common, $1,100,000

Date.

Outstand'g. Maturity.

Interest.

($100)

Pref. 4 p. c. cum., $750,000
4
—V. 71, p. 391; V. 73, p. 1265; V. 75, p. 240,395.

$1,100,000
750,000 See

text.

ROCHESTER CHARLOTTE & MANITOUOrqanization— Chartered March 14, 1895, as a steam road, but la
operated by electricity.
Date.
Outstand'g.
Interest.
Maturity.
Stock & Bonds—
8tock, $100,000 ($100)
First mort., $82,000,

$97,500

1895

5 Deo.
81,250
Deo. 1, 1925
gold
Security Trust Co. Roohester, Trustee.
I
Report— For fiscal year ending June 30, 1904, gross, $21,900; net,
$4,405; charges, $5,562; deficit, $1,157.
Road— From Charlotte (suburban town and resort of Rochester, on
Lake Ontario,) to Manitou Beach, on Lake Ontario, 7*75 miles
Officers— President, Michael Doyle; Vice-Prest., Lewis Warfleld;
(

,

Sec.

and

Treas., J. M.

McGrath.

ROCHESTER & EAST. RAPID RY.-A

trolley road.

Organization -Incorporated in New York in 1901. Controls through
ownership of stock the Ontario Light & Traction Co., (which owns 3
miles of street railway, operates an electrio light plant and owns
majority of capital stock of Canandaigua Gas Light Co.). Uses tracks
of Rochester Ky. Co. in Roohester. Rest is almost all on private right
of way, except in cities and villages.

&

Date.
Interest. Outstand'g.
Maturity.
Bonds—
STOCK
Stock, $1,500,000 ($100)
$1,500,000
1903
1st mort. $1,500,000, J
5 g. A-O
None.
Oct. 1, 1933
gold ($1,000)
c< < Int. at Roch. Tr. <fe S. Dep. Co., Roch., Trustee.
Bonds— No s. f. and bonds not subject to call. Are all held by the
Construction Co., whose members are stockholders of the road.
Earnings— For 6 months ending Dec. 31, 1--04, gross, $127,364;
net, $48,196; interest, $37,500; surplus, $10,696.

Road -Operates 316 miles from Rochester to Canandaigua, which
was placed in operation on Nov. 15, 1903, and an extension to Geneva,

about 16J« m., completed in June, 1904. An extension to Shortsvllle,
Clifton Springs and Phelps Is under construction. Standard gauge
70-lb.

T

rails.

Officers— President, William B. Comstock; Vice-Pres., FrederickW. Walker; Secretary, William A. Comstock; Treasurer, Henrr A.
Haigh; Gen'l Mgr., John H. Pardee.-V. 77, p. 2099; V. 78, p. 1962.

ROCKFORD,

ILL.

ROCKFORD & INTER-URBAN RAILWAY-consolidation

in October, 1902, of the Rookford
Organization— Is a
Ry. Light & Power Co. and the Rookford & Belvidere Electrio RR.
On Sept. 1, 1904, absorbed the Rockford & Freeport Electric Ry.
V. 79, p. 1462.

STOCK

&

BONDS

Date.

Interest.

Outstand'g.

Maturity.

Jan.,'05, 1%
Rockfd & Inter-Urban ) 1902
Oct. 1, 1922
mtgs., $800,000, g.. S Interest at First National Bank, N. Y., or at

Stock, $1,500,000, $100

Q-J
$1,000,000
5g.A-0
800,000

c*) American Trust & Sav Bank, Chic, Trustee.
($1,000)
1903
May 1, 1923
Rock. & Freep't 1st M., )
5g.M-N
$625,000
$750,000, g., gu. p.&i. > Amer. Tr. <fe Sav'gs Bank, Chicago, Trustee.
($1,000 &$500).. .c) Int. at Farson. Leaoh <fe Co., Chicago & N. Y.

STREET RAILWAYS

Fee., 1905.J

of 1902 of 5% of gross receipts comin 1908. Entire issue is subjeot to call at 105 and interest
Freeport bonds are assumed, prinafter Oct. 1, 1907. The Rockford
Interurban Ry. Co.; $125,000 are
cipal and interest, by Rockford
sinking fucd
reserved for future extensions at 85 per ct. of cost.
equal to 5 per cent of gross earnings begins in 1 910. Bonds are subject to call afttr Feb. 1, 1910, at 105 and interest V. 78, p. 1276.
Dividends.-Ia 1903, 4t p. o. In 1904, 4 p. c. In 1905, Jan., 1 p. o.
Earnings— For year ending Deo. 31, 1904: Gross, $250,044; net,

Bowls— Sinking fund on bonds

mences

&
&

A

and taxes, $53,4 '9; dividends, $32,500; surplus,$12,092.
r oad— Operates 22 miles of trolley in Rockford and 14 miles between Rockford and Belvidere, also 28 miles of Rockford & Freeport
Electric Ry. between points named in title. Total, 64 miles.
Officers— Pres., R. N. Baylis, Chicago; Sec. & Treas., W. F. Woodruff.

$98,091;

int.

.

-V.

78, p. 1276: V. 79, p. 1462.

ROCKFORD BELOIT & JANESVILLE
road.
A

RR--

trolley

Franchises In
in Illinois in 1901.
towns, 30 to 50 years. Private right of way between towns.
Outstand'g. Maturity.
Interest.
Date.
Stock
BONDS—
$1,000,000
Stock, $1,000,000 ($100)
650.000 July 1, '23
5 g.. J-J
mortge., $1,000,000, J 1903
1st
Sav. Bank, Chicago, trustee.
gold, ($1,000) s. f
o' ( Illinois Tr.
B >nds— Int. is payable at The Citizens' Savings Tr. Co., Cleveland,
or at the First Nat. Bank, N.Y. $350,000 bonds are reserved for extensinking fund begins July 1, 1908, of 1*9 p.'o. of bonds
sions, etc.
outstanding for five years; thereafter, 2** p. c. Are subject to call
before July 1, 1913, at 108; thereafter at 105 upon 4 weeks' notice.

Organization— Incorporated

&

&

&

A

Road— Operates 33 miles of track between Rockford, 111., and Beloit
and JaDesville, Wis. Enters Rookford through trarflo agreement with
the Rockford and Intor-Urban Ry.
Earnings— For 12 months ending Deo. 31,1904, gross, $136,918;
net, $53,194; interest, $32,286; balance, $20,908.

Officers- Pres., H. R. Newoomb, Cleveland; Seo , Sidney W .Worthy,
Chioago; Treas., J. R. Nutt, Cleveland; Gen. Mgr., H.H. dough, Beloit;
Main office, Beloit, Wis.— V. 77, p. 1534.

ROCKLAND, ME.

&
ROCKLAND THOMASTONroad. CAMDEN
STREET RAILWA Y.-An
and
the Knox Gas & Eleotric
eleotric

Co.,
In Feb., 1901, consolidated with
made a new mortgage of $800,000; from the proceeds of which the old
bond issues of both companies were retired.
Maturity
Outst'd'g.
Interest.
Date.
Bonds—
Stock
1903-04,8%
$250,000
Stock $300,000 ($100)
Jan. 1, 1921
4 g. J-J
800,000
1st mtge. ($800,000)) 1901
g. ($500 & $1,000) ..o $ Int. at Union S. D. & Trust Co., Portland.Trus.
Binds— No sinking fund and bonds cannot be called.
Road Operates 21 '07 miles of track from Warren through Thomaston to Rockland, Rockport and Camden. In Sept., 1901, purchased
"Oak Lands," a park of 75 acres, for purposes of a pleasure resort.
Net. Int.&lax. Oth.chg. Bal.,sur.
Gross.
Years end. June 30.
$5,042 $18,863
1904
$165,412 $57,214 $33,309
33,114
30,539
24,295
170,924
87,948
1903
Officers— President, G. E. Maoomber; Vice-Pres., S. M. Bird; Sec,
H. M. Heath; Treas., A. D. Bird; General Manager, Thomas Hawken;

&

Supt., V.

Chisholm.— V. 72,

p. 392.

ROME, GA.

CITY ELECTRIC RAILWAY-A trolley road.

Organization— Chartered in 1894 as successor to the Rome Street
Railway, which was sold in foreclosure July 5, 1895. In Dec, 1899,
purchased the plant of the Rome Eleotrio Light Co. Since Jan. 1
1904, road has beenjextended to Lindale, Ga. Now operates a passengtr, mail and express servioe.and furnishes light and power to
city and to private Individuals. (Population served, 20,000.)

Stock

&

Bonds—

Date.

Stock, $100,000, par $100
1st mortg., $100,000, gold
$1,000, not sub), to call.

Outst'd'g.

Interest.

Maturity.

$75,000
100.000
Oct. 1, 1914
5 Int. at Am. Sec & Tr. Co., Washington, D. O
Bonds— On Jan. 1, 1901, $100,000 bonds were held by stockholders
of company. The company borrowed $16,000 to buy the plant of the
Electric Light Co., the stockholders loaning their bonds to the company to be used as security.
Road- Owns 8*9 miles of track, Including extension to Lindale,
built in 1904. In 1904 road was re-equipped with new engines, boilers, generators and rolling stock and laid with 60-lb steel rails.
)

1894 5

g.

A-O

Officers— Pres., Seymour Cunningham; Vice-Pres., J. L. Bass; Sec
and Treas., R. A. Denny; Gen. Man., C. N. Fuller.— V. 69, p. 1193.

ROME* N.

Y.

ROME CITY STREET RY.— Owned by same interests
as Utica & Mohawk Valley, but operated separately. In July, 1904,

it

was proposed

to consolidate this

company with

several others.

See

statement of Syracuse Rapid Transit Ry. Co.

&

Date.
Interest. Outstand'g.
Maturity.
Bonds—
STOCK
Stock, $150,000 ($100)...
$150,000
Rome City Ry., 1st Mtge., ) 1900
5 g. A-O
200,000 April 1, 1950
$200,000, gold ($500)0^ 5 Int. at Trust Co. of America, N. Y., trustee.
6-8 miles of track, including sidings, Ac. Standard gauge. Rails,
Earnings year ending June 30, 1904: Gross, $18,818;
65-lb. steel.
loss in operating. $572; charges, $t>,v63; total deficit, $7,535.
Pres., Horace E. Andrews, Cleveland, O.: V.-Pre»., John J. Stanley,
Cleveland; Treas., C.B.Rogers, Utica; Sec.W. N. Kernan.— V. 79, p.270.

RUTLAND, VT.

RUTLAND STREFT RAILWAY.-A

trolley road.

ORGANIZATION-— Incorporated in Vermont on Nov. 13, 1882. In 1894
rebuilt the line as a trolley road and newlj equipped it throughout.

&

Date. Int.
Maturity.
Outstand'g.
STOCK
BONDS—
Stock, $1,500,000 ($100)
$1,200,000
r
New 1st mtge., $1,000,000 ) 1902 5 g. J-J
750,000 July 1, 1952
c*5 Int. at Merchants' Tr. Co., N. Y., trustee.
($1,000) g
Bonds redeemable at 110 and int. on any interest day; no sink. fund.

ROAD— Owns and operates 10 miles

of track in Rutland, extending

to West Rutland. In Jan., 1904, completed a line to Fair Haven, on
the New York State line, with extension to Bomassen, 15 miles;
total, 25 miles. Standard gauge; 60-lb. j rail.
OFFICERS- Pres. and Gen. Mgr., David Fox Jr.; Vice-Pres., John P.
Munn, New York: Sec. and Treas., Chas. H. West, Rutland.—V. 73, p.
958; V. 74, p. 207; V. 75, p. 442.

SAGINAW, MICH.

SAGINAW BAY CITY
This

RY- &

LIGHT CO-

company was Incorporated in New Jersey on
Organization—
Aug. 3, 1903. and is a consolidation of the Saginaw Valley Traction Co.,
the Bay Cities Consolidated Ry. Co., the Bay City Gas Co., the Saginaw

815

Gas Co. aud the Bartlett Illuminating Co. of Saginaw, thus conand gas interests of the two
Franchises extend from 16 to 30 years from 1903 On Sept. 29,
1903, the Bay City United Traction Co., a temporary organization, purchased at foreclosure the property of the Bay Cities Consolidated Ry.
in the Interest of this company. V. 77, d. 950 That company.was subsequently merged into the Saginaw Bay City Rv. & Light Co. E. W.
Clark & Co. of Philadelphia and Hodenpyl. Walbridge & Co. of New
Yoik financed the enterprise. V. 76, p. 1250; V. 77, p. 951.
City

trolling the street railway, electric light
cities.

&

Interest.
Date.
Outstand'g.
Maturity.
Bonds—
Stock
Stock, *3,000,000 ($100)
$3,000,000
2,800,000 Sept. 1, '23
Coll. tr mort., $7,000,000.) 1903 5g M.-S.
gold ($1,000)
c* S Michigan Tr. Co., Truces. Grand Rapids.
820,000 Feb. 1,1924
Sag. ValTr. lstM., $850,-) 1899 5 g. F&A
000, g $1,000 each, c* S Int. at Boston Safe Dep. & Tr. Co., Trus.
5g. M-N
750/00 May 1, 1916
Sag. City Gas lstM.$l,000,-) 1901
000. gold ($500
$1,000) I Michigan Tr. Co., Grand Rapids, Trustee.
375,000 June 1,1920
Bav Citv Gas Gen. & 1st M.,) 1900 5g. J.-D.
Trust Co., Trustee.
$500,000 g.($500&$l,000) ] Int. at N. Y. Sec.
Bonds—OI the new collateral trust mortgage for $7,000,000, $1,945,000 aie reserved for prior liens and $2,255,000 for improvements.
The new bonds are snbject to call on any interest date at 105 upon 60
days notice. Interest on these bonds is payable at Hodenpyl, Wa'.Co., Philadelphia, and at
bridge & Co., New York and E. W. Clark
the Michigan Trust Co., Grand Rapids, Trustee. The Saginaw City Gas
bonds are subleot to call at 105 and Interest on 6 weeks' notice. The
Bay City Gas bonds are subject to call at 110 and interest on any interest date upon 4 weeks notice. The Saginaw Valley Traotion 1st 5s
unissued are held as additional security for the Saginaw-Bay City Ry.
& Light Co. ."s. A sinking fund of $8,500 per annum on these bonds
eommenoes Feb 1, 1907, and runs for 5 years, after which $17,000 per
annum is payable, said fund to be invested in the bonds at not above
,

&

&

&

1071a and interest.

ROAD. -Operates 63 miles of track in Saginaw and Bay City, including an interurban line between the two oities. Also owns bridge
aoross Saginaw River costing $60,000,
OFFICERS-— Pres., Anton G. Hodenpyl, New York; Vice-Pres.. O. M.
Clark, Phila.; Sec. and Asst. Treas ,G. L. Estabrook, Phila.; Treas. and
Asst. Sec, George E. Hardy, New York.— V. 77, p. 299, 951.

ST.

ST. ALBANS, VT.
ALBANS STREET RY.-A trolley road.

Organization— Incorporated in Vermont. Controls entire business in St. Albans and S wanton. Charter permits the carrying of
baggage, express and mail; also the right to operate street railways
or power companies in Franklin and Chittenden counties, Vermont.
Outstanding.
Interest.
Maturity.
BONDS— Date.
STOCK

&

$200,000
Stock, $200.000
5 g. J-J15
193,000 Jan. 15, 1922
1st mort. $200,000, ) 1902
o* $ Int. at Mercantile Trust Co., Boston, Trustee.
gold (f 1,000)...
Bonds— Can be called on any interest date at 107 and accrued interest.
ROAD— Operates 13 miles of track from Village of St. Albans Bay on
Lake Cham plain, to City of St. Albans, and to 8 wanton; 60 lb. T rail.
OFFICERS— Pres., Jerome Marble, Worcester, Mass.; Treas., O. A.
Middlemas, Worcester, Mass.; Sec.and Aud., A. C. Dennett, St. Albans;
Man., Wm. E. Bowen, St. Albans. -V. 76, p. 543.

ST. JOSEPH, MICH.
BENTON HARBOR & ST- JOSEPH ELECTRIC RAILWAY & LIGHT-This is a consolidation of the St. Joseph & Benton St. Ry., the Benton Harbor & Eastern Springs Elec Ry. and the Benton Harbor & St
Joseph Eleo.Light Co. Owns all the street railway and electrio-light
privileges In the cities of St Joseph and Benton Harbor.
Outstanding.
Interest.
Maturity.
STOCK
BONDS— Date.
Com. ($100) ,$100,000
$100,000
Pref., 5»/ n c, $45,f ,,
45 000
40,uuu
See text.
/0

&
,

000 ($100)

S
)

1900

200,000
5g. M-S.
Sept. 1, 1920
Tr. & Sav. Bank, Chicago, Trustee.
Bonds— After 1910 $10,000 per annum is payable into a sinking
fond, but bonds cannot be called. See V. 71, p. 1268; V. 72, p. 282.
Dividends- Five per cent per annum is being paid on the pref. stook.
Road— Owns 11 miles of track in St. Joseph, Benton Harbor and the
Township of Benton under franchises which expire from 1921 to 1931.
OFFICERS— Pres. and Treas., W. Worth Bean; Seo. and Man., W. Worth
Bean Jr.— V. 72, p. 86, 88, 282.
1st mtge., $200,000,
gold ($1.000)

5

Int. at

ST.

Am.

JOSEPH, MO.

JOSEPH
POWER CO- RAILWAY LIGHT HEAT &
ST-

Organization— Dicorporated in Missouri on Nov. 17, 1895, and
acquired the following properties: The St. Joseph Traction & Lighting
Co., People's Ry. Light A Power Co., Citizens' Ry. Co., Union Ry. Co.,
St. Joseph & Lake Ry. Co. and Wyatt Park Ry. Co. Comprises entire
street railways of St. Joseph. Company also does the entire commercial eleotric lighting and power business, and sells steam for heating
purposes. Most of the franchises are perpetual, the others maturing
in periods from 37 to 48 years. Owns a park of 250 aores on Lake
Contrary. Als:> coal rights on 1.100 acres of land. V. 75, p 1032. Is
managed by E. W. Clark & Co. of Philadelphia. In March, 1903, bonds
were listed on the N. Y. Stock Exchange and the Phila. Stook Exciiange.
Date. Interest. Outstand'g. Maturity.
Bonds—
Stock
Com. stk., $3,500,000 ($100)
$3,500,000
Pref. stock, b*W cumulative
l,560,000Dec.j/,04,lJ4%
$2,500,000 ($100)
\
1902 5g.M-N 3,763,000 Nov. 1, 1937
1st mortgage, $5,000,000,
000,
Interest at Redmond &Oo., N. Y.
gold ($1,000)
.._c*£
Bonds.— Trustees are Trust Co. of America, New York, and Missouri
Valley Trust Co., St. Joseph. $1,237,000 are reserved for additions and
betterments at 85% of cost. Bonds cannot be called. V. 75, p. 1032.
Dividends.— 5 per cent per annum is now being paid on pref. stook.
Road— Owns and operates 40 miles of track. 4 3 cars.
EARNINGS— Foryear ending Dec. 31,1904, gross, $683,954; net, $316,662; fixed charges, $2 10,769; surplus $105,893.
OFFICERS— Pres., John Donovan, St. Joseph, Mo.; V. P., E. W. Clark
Jr., Philadelphia; Sec. and Treas., G. L. Estabrook, Phila.; V. P. and
Gen. Man J. H. Van Brunt, St. Joseph; Supt., Chas. F. Hewitt, St.
Joseph.— V. 76, p. 480, 595, 706; V. 79. p. 2206, 2458.

&

,

ST. LOUIS, MO.
UNITED 816.
RAILWAYS CO. OF ST.
Map on Page

LOUIS-Sce

Comprises all the street car lines in operation in St. Louis, with the
exception of the St. Louis & Suburban system. Frauohlse in St. Louis
expires April 12, 1948. Was originally leased to the St. Louis Transit
Co., but under a readjustment arranged in October, 1901, by Messrs.
Brown Brothers & Co. (V. 79, p. 1333) the lease has been canceled and
the $17,264,300 stock of that company has been nearly all exchanged
for voting trustees' certificates for common stock of the United
Rwys. Co. on the basis of $500 Transit stock for $200 Voting Trustees certificates, the plan being made effective by a vote of the entire
issue of 172,613 shares of common stook and 163.352 shares out of a
total of 199,832 shares of preferren stock of the Railways Company,

816

STREET RAILWAYS.
[Vol. lxxx.

STREET RAILWAYS.

Feb.. L905.J
and 162 175 shares out

Under this plan, the $20,000,000 refund and impr. mtg. bonds of
the St. Louis Transit Co., of which $8,000,000 had been issued, were
canceled, and in their plaoe the same ootnpany issued $10,000,000
of 5 p. o. improvement bonds, guar, by the Un. Ryp. Company of St.
i.oui«, 'his guaranty being secured by a mortgage on all of that
company's property next in rank to that of its general mortgage,
lhese improvement bords are now the only outstanding security of
the Traneit Co. Of this issue, $8,000,000 took the place of the $8,000.C00 ref. and impr. bonds above mentioned, and the remaining $2,000,000 vent to the syndicate as part consideration f >r $7,000,000 of
oash which it provided for taking up at maturity on Nov. 1st, 1904,
the $5,776,000 three-year collateral trust notes of the Transit Co.,
and for meeting the cost of street paving required on the part of the
oity, and other improvements.
All the common stick of the United Railways Co. Is deposited under
a voting trust agreement to run for five years from Nov 1, 1904, unless sooner dissolved, in accordance with the terms of such trust
agreement.
Under the readjustment. $7,000,0C0 of the preferred
stock of the Un Rys. Co. was delivered by the syndicate to the Nat.
Bank of Commerce in St. Louis, as trustee, for the Rys. Co., to be used
for future betterments and improvements. The capitalization now
consists of the following:
Maturity.

Date. Interest. Outstanding.

STOCK and BONDS.—

twaiionn
^i.aij.auu

com., $25,000,000,)
voting trust certificates. ..
8
P f " 5%CUm *' 9
Stock,

<,

„\—

12 9 * 3 200
See text
5 Q-" J
000O 0O.
28.202,000
July 1, '34
Gen. 1st' "m\"$42,000,060) 1899 4g. J-J
($1,000) g. o.,* cannot be > Int. at St. Louis-Union Trust Co.. Trus-

-

>

'

oalled

Brown Bros. <fe Co.. N. Y.
A-O 10.000,000 Oct. 1. 1924

tee, or at

>

Improvement bonds, gold ) 1904 5

g.

($1,000), St. Louis Tran- >Int. at Mercantile Tr. Co.. St. Louis.Trus.,
Co., New York.
sit Co
o* ) or at Brown Bros.
Guaranteed, principal and interest, by United Railways Co., said
guarauty secured by general second mortgage on entire system.
Stocks and Bonds—Of the $45,000,000 gen. 1st. mtg. bonds originally authorized. $3,000,000 which had been previously reserved for
Suburban System in
the purpose of retiring bonds of the St. Louis
case of purchase, have been canceled, making the total authorized
issue now $42,000,000, of which $13,708,000 are reserved for the retirement of underlying liene. The bonds ar»- secured by ail the stocks
of the constituent companies, and by direct mortgage lien upon their
property and franchises. In 1903 the $28,292,000 general mortgage
bonds were listed on the New York and Philadelphia Stock Exchanges. See V. 76, p. 980.

&

&

M

BOND ISSUES OF CONSTITUENT COMPANIES.
Outstand'g.
Missouri System— Date. Interest.

Moh.

1,

1906

Lindell System—
Aug. 1, 1911
5 g. F-A $1,500,000
Sb^ 1891 payable in New York and St. Louis.
ynterest

J-J
1,000,000
July 1, 1913
Louis-Union Trust Co.; also in N. Y.
Taylor Ave. RR. 1st) 1893
6 g. J-J
500,000
July 1, 1913
mortgage, g
s Interest at St. Louis-Union Trust Co., St. Louis.
o*

S

6

6

g.

J-D

3,500,000

June

1,

$

Southern Elec. System—

277,000

Nov.

2,

1905

M

- N
Consol. M. ($500,000)... 1890
6
500,000
May 1, 1915
Mort. of 1896, $200,- } 1896
200,000 Aug. 1, 1916
5g000 ($1,000), gold.cjlnt. pay'le at Louisville, Ky., and St. L., Mo.
T^T ATTON AT ^YRTRMf -^
5
1,948,000 May 1, 1910
St. Louis RR. 1st M., > 1890
cur. ($1.000 each) .. $
Subject to call May 1, 1900
Baden & St. Louis 1st ( 1893
5g. J-J
250,000 July 1, 1913
mortgage, gold
t Subject to call after July 1, 1893.
Cass Avenue & Fair
Grounds 1st M.,$2,- 1892
5g. J-J
1,813,000 July 1, 1912
000,000, g., $1,000, Subject to call at 102 on any July 1 after 1893.
sink, fund,, guar. p.
Interest at No. Trust Co., trustee, Chicago.

M-N

'

&i. (Nat. Ry.)....o"

1887

6

J-J

1,500,000

July

1,

Citizens' Ry.lst mort , Int. at St. Louis-Union Tr. Co., St. Louis;
at Amer. Exch. Nat. Bank, N. Y. City,
gold ($2,000,000)...'

*

Owned

1907
also

Trustees are Chas. Parsons and Thos. E. Tutt
-$13,688,000

Total
Jointly

by Missouri, Lindell, Union Depot and National

companies.

Dividends— First

div. of

1^

p. o.

on

pref. April 10, 1900,

amount quarterly to Jan. 10, 1905, Inclusive.
Road.—The mileage of the combined system

and the same

is

as follows

.

-

Including county roads.

Latest Earnings— For 12 mos. to Deo. 31, 1904, gross, $9,953,396,
against $7,259,459 in the 12 months of 1903.
REPORT.—The following shows the results of combined properties
for the calendar years.

Report for 1903 in V. 78,

Calendar Tear-

1494, 1495.
1902.
1901.
130,S30,722 117,546,811
54.247.218
46,449,131
185,o77,940 163,995.942
31,074,581
29,340,361
$6,438,788
$5,777,599
3 967.721
3,692 ,400
$2,471,067
$2,085,199
3e,3>-7
13.430
6.313
._
$2,782,H32
$2,484,497 ~$27091,512
197,473
132,0 37
254.830
$2,584,859
$2,352,460
$1,836,682
p.

1903.
Revenue passengers
147,141,429
Transfers and passes
63,096.679
Total passengers
.210,238.108
Mileage
3^,535,626
Gross earnings
$7,259,460
Operating expenses and taxe s 4.513,515
Netearnings
$2,745,945

Other income
Total income
Deductions from income

Netincome

—

. . .

.

Fixed charges (inol. div. on pf
stook of United Railways) . .
Deficit

2,647,646

2,620,544

2,362,312

$62,787
$268,084
$525,630
OFFICERS-— Pres., Murray Carleton; Vioe-Pres. and Gen.Mgr., Robt.
McCulloch; Sec. and Treas., James Adkins; Auditor, Frank R. Henry.
Directors, Murray Carleton. A. D. Brown, James Brown, Edwin H.
Conrades, Eugene Delano. Corwin H. Spencer, F. E. Marshall, James
Campbell, Robt. McCulloch, Christopher D. Smithers and Geo. L. Edwards.-V. 79, p. 734, 1024, 1333, 1672, 1704, 2087, 2458, 2749.
,

(1

&

)

ST.

CHARLES &

ST.

LOUI8 COUNTY BRIDGE CO.

ORGANIZATION— Incorporated

The

in Missouri.

St.

Louis

St.

Charles

Western RR. pays the Bridge Co. 5 cents for each passenger cross-

ing the bridge.

&

Outstanding.
Date.
Interest.
Maturity.
BONDS—
STOCK
Stock. $400,000 ($100)
$400,000
1st mort'ge, $400,000, )
1P04
5 g. J-J
400,000
Jan. 1, 1934
gold ($1,000). ...o* ) Int. at Commonwealth Tr. Co St. Louis, Trus
Bonds— Are subject to call at 105 and interest on Jan. 1, 1909.
PROPERTY— Bridge across the Missouri River, 2,700 feet long, be
tween St Charles and St. Louis; was opened April 22, 1904.
Officers— Pres. and Gen'l Mgr., L. S. Mttobell; Vice-Pres., F.
Chili; Sec'y and Treas., Wm. V. DeJahunt— V. 78, p. 703.
,

W

ST.

LOUIS & SUBURBAN RY.-A trolley road.

St. Louis & Suburban Ry., the St.
Louis Cable <fe Western RR., the 8t. Louis <fe Meramec River RR., the
St. Louis <fe Kirkwood RR. and the Brentwood Clayton & St Louis RR.
V. 76, p. 332. In Jan., 1905, $1,500,000 new stook was offered to
stockholders at 60. V. 80, p. e52.
Date. Interest.
Outstand'g. Maturity, etc.
STOCK
Bonds—
Stock, $7,500,000 ($100)
$4,000,000
St. Louis Cable <feWest'n> 1884 6 M.-N.
600,000
1914
Ry 1st mortgage
s Int. at Farmers' Loan & Tr. Co., N. Y. oity.
St. Louis & Suburban) 1891
5 g.F-A
1,400,000
Feb. 1, 1921

Organization— Comprises the

&

1st mort.. ($2,000,000) > Interest at Boston by Amer. Loan & Tr. Co.,
gold, $1,000
> Trustee; red. at 105 any int. date.

l896 6g.M-N
1,000,000
1916
^OOOOOOgtllTooi'l Interest at Mississippi Valley May 8, ComTrust
ffiikr^ *
& bvHt i-jir
8 L
P
lubur b., enaor sed -.c* J P**- St Loui8 t™ 8tee
St. L. & Sub. gen.M. $7,- ) 1903
5 g.A-O
4,500,000 April 1, 1923
-

'

at Miss. Val. Tr. Co., St. Louis, trustee.
the new mortgage for $7,500,000, $3,000,000 are reserved
to retire prior liens. V. 76, p. 332. The St. Louis
Meramec River
in April, 1903, made a new mortgage for $3,000,000, of which $2,000,000 was depoiited with the trustee as additional security under the
general mortgage of 1903, the remaining $1,000,000 being reserved to
take up the first 6s of 1916.
Road— Operates about 110 miles of track In St. Louis and suburbs.
Officers—Pres., Julius S. Walsh; 1st V. -Pres., Breokenridge Jones;
2d V.-Pres., J. 8. Walsh Jr.; See and Treas., E. P. Sommers; Gen. Supt,
John Mahoney.—V. 76, p. 103, 266, 332, 866; V. 80, p. 653.

500,000,

g., ($l,000).o* 5 Lit.

&

SALT LAKE CITY, UTAH.
UTAH LIOHT & RAILWAY CO
by

the Gas, Water & General Investment Trust of
1551.
Organization— Incorporated in Utah on Jan. 2, 1904, and is a consolidation of the Utah Light <fe Power Co. and the Consolidated Ry. &
Power Co. Controls all of the electric-lighting and the greater part of
the street railway business of Salt Lake City. V. 78, p. 104, 344, 704.
Date.
Interest.
Outstanding. Maturity.
Stock
Bonds—
Com., $6,000,000 ($25).
$2,000,000
Is controlled

London. V. 78,

p.

&

Pref..

8% non cum

,

/

4,000,000
$4,000,000 ($25) .. \
New mort., $10,000,000 1904 5
Jan. 2, 1934
(?)
Utah Lt. & Pow. 1 st M., > 1900
5 g J-J
750,000 Jan. 1, 1930
$750,000, g. ($1,000)0* I Int .at Colonial Trust Co., New York, Trustee.
Utah Lt. & Pow. con.
1900
4 g. J-J
2.600 000 Jan. 1, 1930
M., $4,500,000, gd.cM Int. at Colonial Trust Co., New York, Trustee.
Salt Lake City 1st M.,)
6gJ-J
720,000
Jan. 1, 1913
s.
f.,
gold ($1,000) 1893
($1*500 000) IT.'.To* 5 Guarantee Trust Co., Trustee.
Salt Lake City' 2d M., \ 1901
6 F-A
420,000 Feb. 1, 1905
$500,000 ($1,000)... (Wm. S. and C. K. McCornick, Trustees.

Sa

R

L

6FA

Feb. 1, 1910
70,000
n?ort^gei 1890at Am L
Int
& Tr Co -' Boston, Trustee.
$500,000 ($100)
)
Con8.Ry.&P.,lstM.$3i-) 1901
5 g. J-J
1,660,000
July 1, 1921
000,000 g. ($l,000)c<&r S Interest at City Tr. Co., N. Y., Trustee.
Bonds— 01 the $3,000,000 Consolidated Ry. & Power Co. bonds,
sufficient are reserved to retire the underlying bonds. These underlying bonds are being retired as fast as the new bonds are sold. The
new bonds are not subject to call. The Utah Light & Power 5s of 1900
are subject to call on July 1, 1905, or thereafter at par and interest.
Of the Utah Light & Power consols. $750,000 are re-erved for prior
liens. Denomination, $500. These bonds are subject to call at par and
interest afier July 1, 1909. Under the terms of consolidation with
Consolidated Ry. & Power no further bonds can be issued under this
mortgage beyond $3,350,000.
Road—The consolidated company owns and operates 80 miles of
track, including double-track, sidings, etc
OFFICERS— Pres Joseph F. Smith; 1st Vice-Pres., John R. Winder;
2d Vice Pres., Joseph S. Wells; Treas., L. S. Hills; Sec and Gen.
Man., R. C. Campbell.—V. 78, p. 104, 344, 704, 1551; V. 79, p. 2797.
s\t

THt

-

Miles
Missouri RR. System (elec.) 27-62 St. Louis Traction Co.. (elee.) 10-27
Lindell Ry. System (eleo.).*121-34 Southern Electric Ry. (elec.) 23-29
Union Dep't RR. Sys. (elec). 74'04 National Ry. System (elec) 8125
Jefferson Ave. Ry. (electric). 6 4l Central Traction
14 43
Total miles, all electric (in operation, 345 06; leased, 2*54;
notused, 11-05)
358-65
In addition to which a large amount of additional mileage has been
authorized but not constructed.
*

&

1918

5M-N

-

$400,000

g.

Int. at St.

Union Depot System—
Union Dep't RR. Oons. ) , QQ o
M. ($3,500,000) g... 5 i8ad
Mefferson Av. RR., M. > 18ao
QQC

CHARLES & WESTERN RR.

Bonds—Of

1
B
Btni
*i 500 6O0
gold $1 000 'each!

1st mort., gold

ST.

8,

-

-

Comp'nH'.U.D.&M.T.')1893

LOUIS

1904, Rufus W. Bailey was appointed receiver. V. 79, p. 213.
Organization— A trolley road. Incorporated in Missouri in 1901.
The St. Charles & St. Louis County Bridge Co. is controlled.
Date. Interest.
Outstanding.
Maturity.
BONDS.
STOCK
Stock, $600,000 ($100)
$600,000
5 g, M-8
1st mortgage. $600,000, > 1 902
500,000
March, 1932
gold ($1,000)
o* 5 Int. at Colonial Trust Co., St. Louis, Trustee.
Bonds.— Are subject to call after 1906 at 108.
Road.— Operates 19% miles of track between St. Louis and St.
Charles. Gauge, 4 ft. 10 in. 60 and 70-lb. T and girder raiL
Officers.— Pres.and Treas., J. B. C. Lucas; Vlce-Pres., J. J. Broderlck.— V.7s, p. 704; V. 79, p. 213.

July

i

Maturity.

1896 5 M> " S
$700,000
$L0O0,0OO. A!! ™J%* \
"Subject to call in 1901 at 105.

L

ST.

of a total of 172,643 shares of the Transit

Coinpaay.

817

-

-

-

,

SALT LAKE & UTAH VALLEY

RR.-Aneleotrlo

and steam road. In Sept., i»<>4, J. G. Jacobs, Vice-Pres. of the Salt
Lahe & Mercur RR., had an option on this road (V. 79, p. 1024) but
option had not been exercised in Feb., 1905. Took over the West Side
Rapid Transit Co., sold at foreclosure. Owns 12 miles of track, but
only 4 miles operated by electrioity; steam portion not operated.
Stock. $50,000.
p. 1024.

No

bonds.

President,

Wm

Story, Ouray, Col.— V. 79.

_

SAN ANTONIO, TEX.
SOUTHERN LIOHT & TRACTION
Controlled
the
Co.

CO--

by
American Light & Traction
Organization— Incorporated in New Jersey Sept. 6, 1399, "to hold
stocks, bonds and ether securities," and is a consolidation of the eleotrlc railroad and the electric and gas lighting oompanles formerly
operating in 8an Antonio. For list of companies absorbed see earlier
Capital stook (formerly
numbers of Street Railway Section.
$2,500,000) is all owned by Amer. Light & Traotion Co. Amount was
reduced to $2,500 on June 2, 1904.

—
—

STREET RAILWAYS.

818
&

Outstanding. Maturity.
$2,500
2,012,000 Sep.1,1949
5 g. M-S
o* > Int. at Emerson MoMillln & Co., N. Y.
($1,000); no 8. f
Bonds—The bonds are seourea by deposit with the N. Y. Security &
Trust Co. of New York, as trustee, of all the oompany's holdings of
etookp, bonds and other securities of its constituent companies, and
are redeemable at 105 upon six months' notice.
Road— Owns and operates 40 miles of track in City of San Antonio
REPORT— Figures now included in the American Light & Trac. Co.
OFFICERS— Pres., Emerson McMillin; Vice-Kres., Philip Lehman; Sec,
Sheldon J. Glass; Treas., A. H. Ostrom, 40 Wall St., New York.—V. 78,
p. 2013, 2336.

STOCK

Bonds—

Date.

Interest.

Stock $2,500 (10c)
Col. Trust $2,500,000, g.,) 1899

CAL.
SAN DIEGO, R Y— trolley road.
SAN DIEGO ELECTRIC in 1891,Aand in March, 1898,
operation

Organization, Etc.— Began
purchased Citizens' Traction Co. at foreclosure sale. Owns 167 miles
of track. Several extensions are proposed. Stock auth., $500,000; no
bonds. Entirely owned by J. D. Sprtckels Bros. & Co. of San Francisco. Pres., J. D. Spreckels; Vice-Pres. & Man. Dlr.,Wm. Clayton;
Sec and Treas., Harry L. Titus; ^upt., B. M. Warner.

SANFORD ME.
ATLANTIC SHORE LINE RAILWAY-

Orgamzation— Incorporated in Maine. Purchased the Sanford &
Cape Porpoise Ry.; the Mousam River RR. and the Sanford Power Co.
Maturity.
Date. Interest. Oufstand'g.
STOCK & Bonds—
$900,000
Common, $1,000,000
285,000 Cct.1,'04,3%
Prel.,6p. c, $300.000....
696,000 Apr. 1, 1934
1st con. M. $1,000,000, g., ) 1904 5sr. A-O
c* slnt. at Knickerbocker Tr. Co., N. Y.,Tr
(+1.000, $500)
Bonds -Of the $696,000 outstanding, +459,000 were to retire underl^in< bonds as follows: $110,000 Atlantic Shore LiDe 1st 5 p. c. of
1904; $44,000 i-aniord Power Co. 1st M. 5 p. o. of 1898; $250,000
Sanford & i"ape Porpuise Ry. 1st M. 5 p. o. of 1899, due 19^8, and
$55,000 Mousam Rlv. Ry. 1st M. 6s, Deo. 1ft, 1892, due 1912; $304,000
are reserved for new construction, etc., at 75 p c. of cost. Bonds are
subject to call, all or any part, after 10 years at 105, to be drawn by
lot.
see V. 78, p. 2383.
was paid
Dividends.- First dividend on preferred stock- 3 p.
Oct. 1, 1904.
Road. -Old Sanford & Cape Porpoise Ry., 21*92 miles; Mousam
River RR, 3 47 miles; rails 60 lb.,"f. Also line from Kennebunkport
to Biddeford, 10 miles, completed in Aug., 1904 (this section on private
Extension also to be
right of way; rails 70 lb. T) giving 35-39 miles
built from Kennebunkport to York Beach and Ogonquit, 1» miles. The
Sanford Power Co. has an electric power plant on Mousam River
which develops 2,000 b. p.
Earnings.— For 9 montlis ending Dec. 31, 1904, gross, $85,944; net,
$42,191.
Officers.— Pres., E. M. Goodall; V.-Pres., F. S. Donnell; Trfas.,L.B.
Goodall; Sec'y, F. J. Allen; Gen M*r., I. L. Mtloon.-V. 78, p. 2383.

BAT COUNTIES POWER

CO.
Date. Interest. OuUtand'g.
Stock out, $3,600,000, of which *3.599,000 held by Cal.

Stock

SAN FRANCISCO, CAL.
ELECTRIC CORPORCALIFORNIA GAS &gas.
ATION-— Trolley, electno and
Organization.— Incorporated in California on Dec. 5, 1901, and is
a consolidation of the California Central Gas & Electric Co., the Bay
Counties Power Co. (including the Valley Counties Power Co.), the
Sacramento Electric, Gas &Ry. Co., the Oakland Gas Light* Heat Co.
and the Fresno Gas & Electric Light Co. (V. 76, p. 753). Is engaged
In the manufacture, distribution and sale of gas and eleotrio light and
power and the operation of electric railways.
In 1904 acquired the Standard Electric Co. of California and Its
subsidiary ODmpanies; also acquired the United Gas & Electric Co.
See V. 18, p. 1391. In 1904 acquired outright the Vallejo Gas Light
Co. and reincorporated it as the Vallejo Gas Co. (V. 80, p. 221.) In
Jan., 1905, acquired the South Yuba Water Co., and through it, the
control of the Central Calilornia Electric Co. V. 80. p. 471.
Dale. Interest. Outstanding.
Maturity.
BONDS—
STOCK
$10,000,000 Feb.,'05, 26c.
Stock, $15,0</0.000, $100
consol.
$10,000,000 £ 1903 5g , M-8 8,750,000 Mar. 1. 1933
1st
c* i Int. at Mercantile Tr. Co., 8. Fran., trustee.
gold ($1,000), s. t
Bonds— Of the $10,000,000 authorized, $1,250,000 are reserved for
additional acquisitions and betterments; $750,000 were issued in 1904
Elec. Co.
for p irehase of 22,286 shares (total issue) of United Gas
The bonds are subject to call on any interest date at 110 and Interest on
four weeks' notice. Sinking fund tor 5 years, beginning March 1, 1904,
$150,000 per annum; from 1909 to 1913, *200,0u0 per annum; 1914 to
1918, $2^0,000 per annum; 1919 to 1923. $300,000 per annum; 1924 to
1928, $350,000 per annum; 1929 to 1933, $400,000 per annum. The
said sinking fund will provide for the sinking funds of the constituent
companies and is to be used in redeeming the" bonds of the constituent
eompunies and the new *10,000,000 Issue. The bonds redeemed shall be
kept alive and bear interest, except where the mortgages of the constituent companies provide for their cancellation; in the event of the
purchase of any of the new $10,000,000 bonds, these also are to be
kept alive, but should any of the latter be called for payment at 110
the bonds so called aieto be canceled.
Collateral— Up to February, 1905, there had been deposited with the
Mercantile Trust Co., as trustee, the following stocks of constituent
companies to be held as collateral for the new $10,000,000 mortgage:
35,990 out of 36.000 shares of Bay Counties Power Co.; all of the 15,Electrio Co.; all of the 30,000
000 shares California Central Gas
shares of Oasland Gas Light & Heat Co.; 18,464 out of 18.R84 shares
Railway Co.; all of the 4,898 shares of
of Sacramento Eleotrio Gas
Electric Light Co.; 50,000 shares of the Standard
Fresno Gas
Electric Co.
Eleotrio Co., and 22,225 shares of the United Gas
In addition the Bay Counties Power Co. owns the entire $2,500,000
stock of the Valley Counties Power Co., and the United Gas & Electrio
Co. owns the entire $1,000,000 stock of the San Mateo Power Co.
Contract.— In Deo 1904, entered into a contract with the United
Railroads of San Frar. cisco by whtoh that company agrees to purchase
all the electricity used by them from the Calitoriiia Gas <fe Elec. Corp.
for 20 years from Jan. 1, 1906. See V. 80, p. 221.
SACRAMENTO ELECTRIC GAS <fc RAILWAY CO.
Maturity.
BONDS— Miles. Date. Interest. Outst'd'g.
Stock
Stock out, $1,858,400, of which $1,846,400 held by Cal Gas & Elec

&

M

,

&

&

&

&

&

,

&

&

Bonds-

Maturity.
Elec.
1900 5 g.
S $2,250,000
Sept. 1. 1930
1st mort., $2,250,000 ^
Interest at Mercantile Trust Co.. San Fran.,
gom (»i,uoo)
£ trustee, or in New York
2d mort., $750,000/ 1901 6g.,A-0
*750,000
..Apr. 1, 1931
gold ($1,000)
Union Trust Co., San Franoisco, trustee.
J
Eonds.—Ot the $2,250,000 first 5s. $357,000 are reserved to retire
$186,000 Yuba Electric Power bonds and $171,000 Nevada Eleotrio
Power bonds.
sinking fund on the first 5s of 1 p. o. of outstanding
bonds per annum commences in 1905 and runs until June 1, 1910, on
which date and for four years thereaiter 1% p. c of bonds out; on
June 1, 1915, and for four years thereafter, 2 p. c of bonds out; on
June 1, 1920, and for four years thereafter, 2 1* p. c of bonds out; on
June 1, 1925, and thereafter. 3 p. c of bonds outstanding. The second
6s are subject to call at any time at 110.

Gas &

M

A

STOCK

&

VALLET COUNTIES POWER

Bonds—

Date.

Interest.

CO.
Outstand'g. Maturity,
Bay Cos. Power.

Stock out, $2,500,000, all of which is held by
1st mortgage, $2,500,000, ) 1902 5 g. M-N $2,500,000 May 1, 1930
gold ($1,000) sink, fund $ Mercantile Trust Co., San. Fran., trustee.
Bonds are not sublect to call.
Sinking Fund.— Commencing Nov. 1st, 1905, and on Nov. 1st for
each succeeding fuur years 1 p. c. of aggregate amount of bonds issued
and outstanding; commencing Nov. 1st, 1910, and for succeeding four
years, li$ p. c
commencing with Nov. 1st, 1915. and for succeeding
four years, 2 p. c; commencing with Nov. 1st, 1920, and for succeeding four years, 1H p. c; commencing with Nov. 1st, 1925, and for succeeding four years. 3 p. c.
CALIFORNIA CENTRAL GA8
ELECTRIC CO.
;

<fc

Stock

&

BONDS—

Date. Interest. Outstand'g.
Maturity.
8tock out, $1,500,000, all of whioh is held by Cal. Gas
Elec.
1st mort, $l,O00,000{ 1901 5 g.. F-A $1,000,000... Aug. 1, 1931
gold ($1,000), s. f .. J Int at Mercantile Tr. Co., San Fran., trustee.
Bonds.— A finking fund of 2 p 0. of bonds outstanding commences
on Aug. 1, 1902, but bonds are not subject to call.
OAKLAND GAS LIGHT & HEAT CO.
Date Interest. Outstanding. Maturity.
STOCK
BONDS
Stock out, $3,000,000, all of which is held by Cal. Gas
Electrio.
lbt mortgage, $1,000 000.. 1*91 5 M-S16
$1,000,000 Mar. 16, 1916

&

&

c—

-

[Vol. lxxx.

STOCK

&

BERKELEY ELECTRIC LIGHTING CO.
Date. Interest. Outstanding. Maturity.
BONDS—
$98,040, all of which is held bv Cal. Gas * Elec. Corp.

&

Stock out,

lstmortgage

1896

6QF

July

$26,003

1,

1921

FRESNO GAS & ELECTRIC LIGHT CO.

STOCK

&

BONDS—

Date.

Stock out, $489,800,

Stock

&

all of

Bonds—

Stock, $100,000 ($100)

...

Interest,

&

Maturity.

& Eleotrio.

Date.
Interest.
Outstanding. Maturity.
All owned by Cal. Gas. & Elec Corp.

SOUTH TUBA WATER

STOCK

outstanding.

which is held by Cal. Gas
vallejo gas co.

CO.

BONDS

Interest.
Date.
Outstand'g. Maturity.
Stock. $2,000,000
All owned by Cal. Gas & Elec. Corp
1st M., $550,000, gold) 18*0
«g. A.-O.
398,000 Apr. 1,1910
($1,000)
5 Int. at Van Norden Tr. Co.. N. Y., Trustee.
New mort., $1,500,000,) 1893 6g. J.-J.
1,102,000 July 1, 1923
gold, ($1,(00)
5 Int. at Farmers' Ln. & Tr. Co., N. Y., Trustee.
Cent. Cal. El. Co. mort, / 3 902
5g. M.-N.
860,000 May 1, 1932
$5,000,000,g. ($1,000) S Int. at Van Norden Tr. Co.,N. Y., Trustee.
Bonds Any of the above issues can be called on any interest date
at 110. The Cent. Cal. Elec bonds are guaranteed, principal and interest, by South Yuba Water Co.
STANDARD ELECTRIC CO. OF CALIFORNIA.
Date.
Interest.
Outstand'g.
Bonds—
Maturity.
STOCK
Stock $5,000.000
All owned by Cal. Gas.
Elec. Co.
1st M., $5,000,000, gu. ) 1899
5g. M. 8.
$5,000,000 Sept. 1, 1939
p.&i. by Cal.G. & E.Co. 5 Mercantile Trust Co., New York, Trustee.
Blue Lakes Water 1st) 1893
6 M.-S.
72?,000 Mir. 15,1938
mort., $5,000,000
S Int. paid in N. Y.,San. Fran, and London.
Stockton Water Co. 1st ) 1891
6g. A.-O,
350,000 Apr. 1, 1911
mort, $500,000, g ... $ Int. at 111. Tr. & Sav. Bank, Trustee, Chic
Bonds. -The $5,000,000 Standard Elec. 1st mort. bonds are guarElec. Co. by endorsement; $2,000,000 are owned
anteed by Cal. Gas
Elec. Corporation.
by Cal. Gas
UNITED GAS & ELECTRIC CO.
Date. Interest. Outstand'g. Maturity.
BONDS—
STOCK
Stock (^2.286 shares, $30 paid). All owned by Cal. Gas
Elec. Corp.

—

&

&

&

&

&

&

1902 5g. J.-J $1,150,000 Jly.1,'32
Properties Controlled—The system owned and controlled InDeveloped water power and eleotrio power machinery includes
stalled, 58,000 horse power; additional water rights in process of
development, 59,000 horse power. Total power available, 117,000
Bonds, $2,000,000
:

Power transmission, main pole lines constructed, 1,056
power and lighting distribution, pole lines constructed, 556

horse power.
miles;
miles;

gas generating (capacity installed, 10,00 J.000 cubic feet daily;
gas mains installed, 471 miles; light and power consumers. 51,907;
entire street railway system of Sacramento, 24 12 miles. Territory
Alameda, Amador, Butte, Calaveras, Colusa,
supplied— Counties
Contra Costa, Fresno, Marin, Napa, Nevada, Placer, 8acramento, San
Francisco, San Joaquin, 8an Mateo, Santa Clara, Solano, Sonoma,
Sutter, Yolo and Yuba; cities and towns: Alameda, Antioch, Belvedere,
Benicia, Berkeley, Burlingame, Chico, Colusa, Crockett, Davis, Dixon,
Elrahurst, Fairfield, Fresno, Grass Valley, Ha.v wards. lone, Irvinuton,
Jackson, Lincoln, Llvermore, Martinez, Marysville, Mill Valley, Menlo
Park, Mountain View, Napa, Nevada City, Oakland, Petaluma. Port
Costa, Pleasanton, Redwooi City, Sacramento, Richmond, San Rafael,
Santa Rosa, San Quentin, San Leandro, Stockton, San Mateo San Jose,
Santa Clara, Sutter Creek. San Francisco, Suisun. Tiburon. Vaoaville.
Vallejo, Warm Springs, Wheatland and Woodland.
The Standard
Electrio Co. has a hydro electric plant of 13,000 horse power at
Eleotra and transmission lines to San Francisco (furnishing current to
San Francisco (ias & Electric C0.1 to Oakland, Stockton, San Jose, etc.
V. 78. p. 988, 1391. The South Yuba Water Co. owns about 500 miles
of canal, 22 lakes, various distributing reservoirs, >vc
Earnings— For year ending Feb. 29, 1904, gross, $2,888,909;* net,
$844,301; charges, $394,286; surplus, $450,015. Mar. 1 to Aug. 31 in
1904, gross. $1,950,076; net. $195,413; charges, $218.71?; surplus,
$276,665; sinking fund, $75,000; balance, $201,665.
Dividends.— First dividend of 25 cents per share was paid May 16,
1904, and the same amount monthly since then, to and including
February, 1905.
OFFICERS— Pres., E. J. de Sabla Jr.; 1st Vice-Prest., John Martin;
2d Vice-Prest., F. G. Drum; Secretary. Chas. W. Conlisk; Treasurer,
R. M. Hotaling; Gen. Mgr., John A. Britton.— V. 80, p. 221, 471.
:

ru^tmi
r, i st 1 16 lb92 6g. J - D 265,000 June 1, 1912
($25,000
June 1, 1921
m «loo ooo *i ' 000 I Int at Cal 8 D *due yearly) toFran., Trustee,
*
Tr Co., San
«*
\ £™<? £$i'
o
<te $500, gold
or union Tru8t c
New York.
j
1897 5 g. M-N 2,220,000 Nv. 1, '05-27
Sac. Elec Gas & Ry.) ....
1st mort., $2,500,000 > Int. at Cal. S. D. & Tr. Co., San Fran., Trustee,
o) and Guaranty Trust Co. of New York.
($1,000) gold
Bonds—Of the $2,500,000 bonds authorized, $265,000 are reserved
for the Central Electrio Ry. firsts; $5,000 were retired in Aug., 1902,
$5,000 iD Aug., 1903, and $5,000 in August, 1904.
Orqanization—Chartered Feb. 8, 1877. Annual meeting the second
By the terms of a supplemental mortgage the right to call all or any
Wednesday In July.
of the bonds at 103 has been rescinded, but this does not affect the
Maturity.
Dale. Interest.
Outstanding.
right to retire bonds as follows: from 1902 to 1906, lnolusive, $5,000
STOCK & BONDS 38
per an.; 1907 to 1911, inol., $10,000 per an.; 1912 to 1916, lnol., Stock (par, $100)
Seet6Ti
Monthly.
}
| ^^paidln
1922 to 1926,
$20,000 per an.; 1917 to 1921, incl., $30,000 per an.
1890 5g. J-J
Jan. 1, 1915
let mortgage, gold
$900,000
incL, $40,000 per annum. Total, $525,000.

m

-

-

-

-

-

I

.

,

CALIFORNIA STREET CABLE-

'

;

STREET RAILWAYS

Feb., 1905.]

Dividends were 50 oents monthly, but in Aug., 1902, were Increased
and In Nov., 1904, to 90 cents monthly.
Road— Operates Ilk miles of track on 5*3 miles of street.
Officers— President. J. B. Stetson; Vice-President, A. Borel;
Secretary, W. E. Griffith; Treasurer, A. Borel & Co.; Supt., J. W. HarOffice, San Francisco, Cal.— V. 75, p. 238.
ris.
to 75 cents monthly,

GEARY STREET PARK & OCEAN

RR.-

ORQANIZATION— Incorporated November 8, 1878. Franchise expired in November, 1903, but a new franchise has been applied
for. Is now operatin? by permission of city, paying it 5% of gross
receipts. The election held in San Francisco in 1903 to vote on the
proposition to issue $700,000 bonds to oonstruot and acquire a street
railway on Geary Street Jailed to receive the necessary two-thirds vote,
as also did the proposition (voted on at a subsequent eleotion) to take
over the road of this company.
Outstanding. Maturity.
Date. Interest.
BONDS—
STOCK

&

Btk.,$l,C 00,000. (par $100)

i«t*r $1,000,000, gold
1st M. *i nnonoo ™id

51891 5g

A- O

\

8

} See text.
$671,000 Oct. 1, 1921

^^paidTn

'

'

California 8.D. & Tr. O. San Fran. Trustee.
Bonds— $10,000 is payable into a sinking fund annually after 1911.
for redemption of bonds.
Dividends— Payments are In 50 cents per share. In 1895, 6 dividends
of 50 oents paid; in 1896, 5 dividends; in 1897, 3 dividends; in 1898,
6; in 1899, 6; in 1900, 6; in 1901, 5 dividends of 50c and one of $1. In
1902, 5 dividends of 50o. In 1903, Feb., 50c; April, 50c; June, 50c
None since to Feb., 1905.
ROAD— Owns 4 miles of double-track cable road laid with 72-lb. rails.
OFFICERS— Pres., H. G. Piatt; Vice-Pres., A. V. Shepard; Treas.,E. C.
Wright. Office, San Francisco.
,

.

.

£

,

819

These bonds were listed on the New York Stock Ex630.
change in March, 1903. V. 76, p. 1036. Prior lien bonds subject to
call : In addition to the $5,141,000 Market Street Ry. bonds reported
outstanding, $1,500,000 are held in treasury of the company. The
bonds of this issue are subject to call after Sept. 1, 1918; and Sutter
Street Ry. 1st mort. ^8 are subject to call after

line.

in California on June 13, 1902.
Is
controlled by the Realty Syndicate, which owns $1,710,000 of the
stock and which also controls the Oakland Traction Consolidated.
Date. Interest. Outstand'g. Maturity
BondsStock
$3,406,000
Stook, $5,000,000, $100
1903
2.700,000 Jan.2,'33
5g. J-J
Int at Wells,Fargo
Co.'s Bank In San
gold
1st mtge., $3,000,000
Francisco and New York Union Trust
o*
($1,000) s. f
Co., San Francisco, Trustee.
Bonds— A sinking fund Is provided which will retire bonds as follows: In 1915 and 1916, $25,000 each year; in 1917 and 1918,
$35,000; in 1919 and 1920, $50,000; In 1921 and 1922, $75,000; in
1923, $90,000; in 1924 and 1925, $100,000; In 1926, $115,000; In 19U7
and 1928, $135,000; in 1829, 1930. 1931 and 1932, $150,000. Bonds
cannot be called. See V. 76, p. 655.
Road— Has constructed a road 5>« miles lone (double track) from
a pierhead at Emeryville through Oakland to Piedmont and another
line 6-79 miles (double track), running from pierhead to Berkeley.
Three large ferryboats are used to connect the road with San Francisco. Also expects to build from San Francisco to San Jose, 50
miles, with a branch of 15 miles to Los Gatos, another of 15
miles to Saratoga, and a third to Santa Clara, 3 miles In length;
total, 93 miles.
Earnings— For calendar year 1904. gross, $419,349 net, $238,940;
fixed charges, $111,000: surplus, $127,940.
Officers— President, E. A. Heron: Vice-Pres., W. H. Martin Sec.
S. J.Taylor; Treas., F.O. Havens; Man'r, W. F. Kelly; Ass't Heo'y, F.
W. Frost; Ass t Mgr., J. Q. Brown. V. 74, p. 1309; V. 76, p. 49, 655;
V. 79, p. 2749.

Organization— Incorporated

&

$2,483,157
12,366

$2,259,775
28,906

Total net income
Fixed charges:
Interest on bonded debt
Sinking fund reserves
Preferred div. to Investment

$2,495,523

$2,288,681

;

UNITED RAILWAYS INVESTMENT CO. OF
SAN FRANCISCO-

in New Jersey Feb. 17, 1902. Owns
the capital stock ot the United Railroads of San Francisco - except
required to qualify directors. The United Railroads of San
9 shares
Francisco in turn owns practically all the shares of the Market Streeo
Ry., the Sutter St. Ry., the Sutro RR. and the San Francisco <fe San Ma.

Organization.—Incorporated

all

teo Electric Ry.

In Oct., 1902, both common and preferred stocks were listed on the
Stock Exchange. V. 75, p. 795.
Dale. Interest. Outstand'g.
Last div.
STOCK—
Common, $10,000,000($100)
$10,000,000
Pref.,5%cum .from Apr. 1, >
unflnnnnT^ n*oiz
io,wu,uuu jan.,OD,J/t>
1902, $15,000,000 «$100) 5
Stock. The preferred stock can be retired at 110.
Dividends.- First div. of 1^ p.o. on pref. stook paid Jan. S, 1903; l 1^
p. c July, '03. In Jan., '04, l^a p.c; July, 1% p. c. In '05, Jan., 2 p. c.
OFFICERS— President, Eugene Delano, New York; Vice Pres.,

New York

W. Gerard Verniilye, Englewood, N. J.; Sec and Treas., W.
Duane, New York— V. 78, p. 1905, 2386; V. 79, p. 2644.

J.

UNITED RAILROADS OFSAN FRANCISCO.

—Trolley and cable.
Incorporated in California on Mar. 5, 1902, and through the instrumentality of the United Railways Investment Company of San Francisco had acquired up to Jan. 1, 1905, the following stocks:
Total
Shares
Shares
Par
issued
not
Acquired.
Name of Company —
shares. Acquired.
Value.
186,02527.. Market Street Railway Co
144-73
$100
186,170
..Sutter Street Railway Co
112
19,888
100
20,000
..Sutro Railroad Company
22,946
10
23,108
162
> San Francisco & San Mateo >
i n t\i\ft
1 nn
xo.ouu
luu
10,000
•>•
^
Electric Railway Company.
$

418-73
238,85927
239,278
The entire share capital of the United Railroads of Ban Francisco

common to qualify

directors)

by the United Railways Investment Co. of San Francisco. V. 74,

is

held

p. 630.

Outstanding
Maturity.
$20,000,000
Pf.,4%cum.,*20,000,000 ...
20,000,000
a
4 ?20,000,000 April 1. 1927
Sinkina- fund e-old bonds ( 902
nnnu* Interest at company's office, or In New York
$d5,<S75,000($l,000)c
Union Trust Co., San Francisco, trustee.
£
Market St. Cable Ry., 1st ) , QQQ c „ T - T
Jan.l, 1913
3,000,000
M., $1,000 gold......o< 1883 6 g- J J
Omnibus Cable Co. 1st M' 1888 6A-0
Apr. 2, 1918
2,000,000
Park & Cliff House 1 st
Jan. 1, 1913
1887 6 J -J
350,000
Powell Street 1st M.... 1887 6M-S
Mar. 1,1912
700,000
Park & Ocean 1st M... 1884 6 J -J
Jan. 1, 1914
250,000
Ferries & Cliff H. 1st
Mar. 1, 1914
1889 6M-S
650,000
Market Str. Ry. consol..
M. for $17,500,000 g. 1894 5g. M-S
5,141,000
Sept.1,1924
Interest is payable at Treasurer's office, San Francisco.
Sutter St. 1st M. gold > 1888
May 1, 1918
1,000,000
Interest.

AO

«^9?S*

Co...

$1,524,050 *$l,324,05O
124,000
114,000
4%) 480,000 (1-2%)240,000
150,773
157,500

(2

Renewals and depreciation for 1903
"
"
•«
"
1902

Surplus.
$59,200
Includes interest for one year on $13,091,000 underlying bonds,
assumed and interest from April 1 to Deo. 31, 1902, on $20,000,000
sinking fund 4 p. o. gold bonds.
Includes $96,546 oharged in monthly instalments for renewals.
*

t

Latest Earnings- For 12 mos. ending Dec 31, 1904: Gross, $6,652,630, as against $6,243,219 in 1903.
Road.— Controls and operates 253-43 miles of track, composed of
cable, 54-51 miles; electric, 186*88 miles; horse, 3*94 miles steam,
8-10 miles.
Franchises— Messrs. Haskins & Sells, in their report, state "that out
of the total original mileage of 228-95 miles, the franchises for 11-5431
miles only expire prior to 1929; all others between that year and 1952."
OFFICERS.— President, Arthur Holland; Vice-Pres., Chas. Holbrook;
Comptroller, Geo. B. Willoutt; Treas., Geo. E. Starr; Gen. Mgr.;
Secy.
G. F. Chapman.— V. 78, p. 1783; V. 79, p. 2087.
;

&

PRESIDIO & FERRIES RAILROADOrganization— Chartered Jan. 6, 1882. Made offer to sell road to
city in 1903, but proposition declined by City Council.
Outstanding.
Date. Interest.
Maturity.
STOCK
BONDS

—

&

Stook (par, $100)

m

,„. mort., i , nnnn .
„ rf $.jou,ooo.
1st

-

6

<.

.

^

See text.

rjffidfTl

M&N

1911

$75,000

cai^om^ 8 D & Tr. Co., San Fran.. Trustee.
.

.

EARNINGS— For year ending Deo.

ROAD— Operates

31, 1904: Net, over $49,000.
11 ^ miles of road as follows: Cable, 7^ miles; horse,

2 miles; steam, 2 miles; total track, ll^a miles.
Dividends of 20 cents per share are paid monthly.
Officers— Pres., G. A. Newhall; Vice-Pres., H. M. A. Miller Sec,
John B. Leighton; Treas., W. J. Dutton. Office, corner Union and
Sharp streets, San Franoisco.— V. 77, p. 37; V. 79, p. 2748.
;

SAN

;

Date.

1908, at rate of

Net earnings
Other Income (net)

&

STOCK & Bonds—
Common, $20,000,000

1,

,

SAN trolley and ferry OAKLAND & SAN JOSE
RY-A FRANCISCO

(with the exception of 9 shares of

May

$50,000 per an., In numerical order beginning with bond number one.
1903.
1902.
Report— Years ending Deo. 31—
Gross earnings
$6,243,219
$5,533,904
Operating expenses and taxes
13,760,062
3,274,129

JOSE, CAL.

SAN JOSE LOS GATOS INTERURBAN
RAILWAY CO.
-The Germania Trust
Co.

Organization

wealth) of

Stock

St.

&

(now merged

in

Common-

Louis financed the enterprise.

Bonds—

Date.

1903

Outstanding. Maturity.
$2,000,000
500,000 May 21, 1923

Interest.

5 M-N21

Stock, $2,000,000

lRtmnrt «2 ooo ooo
1st mort., $2,000,000

5
£

Commonwealth

Tr. Co., St. L., Trustee.
operates an electrlo railway, which does a passenger and freight business, 19 miles long, from San Jose, through Saratoga, and Congress Springs to Los Gatos, In the Santa Clara Valley.
In Nov., 19i>4, a short line from San Jose to Los Gatos via Campbells
was completed, making total mileage 31 miles. An extension from
New Mirdian to Palo Alto, 19 miles, is to be built in spring of 1905.
OFFICERS— President. O. A. Hale, San Jose; Secretary, Thos. E. Rea;
Gen. Mgr., F. E. Chapin.— V. 76, p. 1409.

Road— Owns and

SAO PAULO, BRAZIL.
THE SAO PAULO TRAMWAY LIGHT &
road.
POWER CO-, LTD. An
electric

Organization— Incorporated in the Province of Ontario, Canada, in
1899, and owns an extensive systemof electric roads and electric lighting and power business In Sao Paulo, Brazil.
Date.
Interest. Outstanding.
Maturity.
STOCK & Bonds—
Stock, $7,500,000, $100
Jan., '05, 2%
$7,500,000
1st mort., $6,000,000, \
1900
5 g. J-D
5,500,000 June, 1929
gold (*500)

National Trust Co., Ltd., Toronto, Trustee.
at the Canadian Bank of Comaaerce in
London, England, and Toronto, Ont. No sinking fund; and bonds are
not subject to call.
Dividends— In 1902, 2*9 p. c; in 1903, 5% p. c; in 1904, 7 p. 0. In
1905, Jan., 2 p. c
REPORT-For oalendar year 1P03: Gross, $1,303,175; net, $899,427;
charges, $286,884; bal., 8612,543; dividends, $391,379; sur.,$221,lt4.
Road— 67 miles of track, all in city of Sao Paulo, Brazil 90 lb. girder
and 55 and 62-lb. T rail. Has franchise also to do a freight business.
OFFICERS— President, William Mackenzie Vice-President, Frederic
Nicholls; Sec and Treas., J. M. Smith; all of Toronto; A. Mackenzie,
Resident Vice- Prest. at Sao Paulo; Manager, Jas. Mitchell, Sao Paulo.
V. 78, p. 1499, 2331; V. 79, p. 270, 2458.
c*

S

Bonds— Interest is payable

;

—

SAVANNAH,

SAVANNAH ELECTRIC

GA.

CO.-A trolley system.

M

Organization— Incorporated in Georgia in Dec, 1901, as a consolidation of the City & Suburban Ry., the Savannah Thunderbolt <6
Isle of Hope Ry., Savannah & Isle of Hope Ry. and the Edison Electric
Illuminating Co.. comprising the entire street railway and eleotriolighting service of the city. Franchises for both street railways and
electrio-lighting plant are perpetual. Bonds and stook were in July,

M

STOCK & Bonds—
Common, $2,500,000, $100

5M-N

($1,000)

S

Oal. Title, Ins.

& Tr. Co., San Fran., trustee.

Bonds.- Of the $35,275,000 sinking fund gold

4s, $9,866,000 are reserved to retire underlying liens (the other $4,725,000 needed for
that purpose being provided by the operation of the sinking funds), and
$5,409,000 for extensions and improvements. A s. f .equal to 2 p. c of
the entire gross earnings, but not less than $100,000 a year, begins
Jan 1, 1905. All the income above 5 per cent on the common must
also be applied as a sinking fund or for Improvements. V. 74, p. 529,

1902, listed on the Boston Stock Exchange.
Date.

Interest.

Outstand'g.

Maturity.

$2,500 000
Pf.,$l,000,000,6%n.c$100
1,000.000 bet,"'04, 3%
6 A-O
1st cons. M.. $3,500,000, ) 1902
1,733,000 Jan. 1. 1952
5 g. J-J
gold ($1,000 & $500). .c* S Int. at Am. L. & Tr. Co., Boston, Trustee.
Sav. Thun. & Isle of H. o* ) 1897 4 our. J-J $1,000,000 July 1, 1947
1st M., g., ($1,000) $1,- > Central Trust Company, N. Y., Trustee.
250,000
5
Bonds— Of the Savannah Electric Co. new mortgage, $1,000,000 are reserved to retire a like amount of bonds of the Savannah Thunderbolt &
Isle of Hope Ry. Bonds can beoalledasa whole at 110 and accrued int.
on any int. date. The company binds itself to apply at least $'20,000 per
annum, beginning 1906, towards improvements or extensions, or in the
purchase of bonds. The City & Suburban Ry. has outstanding $250,000

—

:

STREET RAILWAYS.

820

of 6 per cent bonds (a first mortgage for $200,000 and a second mortgage for $50,000), against whloh there has been deposited sufficient
security for the payment of the principal ana interest on said bonds.
They are therefore omitted from the above table. The outstanding
$250,000 Edison Eleo. Illuminating Co. 5 per cents of 1899 were called
for payment Apr. 1, 1904, at 105 and interest The remainder unissued
of the'Sav Elec. bonds may be used for new construction and equipment at rate of $1,000 bond for $1,250 In cash spent. The mortgage
of the Savannah Thunderbolt & Isle of Hope By. is for $1,250,000,
but $250,000 of the bonds have been retired.
Stock.— The 6 p. o. pref. stock is subject to call at 120 at any time.
for the year ending Deo. 31
Gross, $544,144; net, $227,360; fixed charges, $126,121; sur-

Earnings— Of the combined properties
1904:

plus, $101,239.

ROAD-Operates 5719 miles of traok In Savannah and
Numerous extensions and new lines are proposed.

vicinity.

OFFICERS -Prest., Geo. J. Baldwin; Vice-Prest., H. G. Bradlee; Treas.,
A. Stuart Pratt; Sec, A. S. Minis; Asst. Sec, H. B. Hayes; Asst. Treas ,
Ia A. Bowers; Man., L. B. Nash; Gen. Mgrs. and Transfer Agents,
Stone & Webster, Bosfrm.-V. 76. p. 332; V. 78, p. 989.

SCHENECTADY,

N. Y.

trolley road.
SCHENECTADY RAILWAY-A the N Y. Central &
purchased in Feb., 1905, bv

Entire stock

was

& Hudson
Organization— Incorporated in N. Y.

V. 80, p. 652.
reorganization on Feb. 11,
1895, of the Schenectady Street By. Co., whioh wasohartered in 1886.
Controls the entire street railway and eleotric-lifcht business in Schenectady and suburbs. Owns all the stock of the Schenectady Illuminating
Co.. which is deposited as additional security for the bonds of 1901; also
entire stock of the Mohawk Gas Co., deposited under consolidated
mortgage. Franchises unlimited. Has trackage rights over the United
Traction Co.'s tracks into Albany and Troy. Franchises perpetual.
Stock authorized has been inci eased from $600,000 to $7,000,000.
for various purposes, as specified in V. 77, p. 1295.
Maturity
Outstand'g.
Interest.
Date.
BONDS—
STOCK

H. B. B.B. and the Delaware

Co.

A

&

Btk. ($7,000,000), $100
i„*
$2,000
l6 „«,* „ 49 nnn. onn(

$600,000

M8

Sept. 1, 1941
2,000,000
'°°?< Int. at Mercantile Trust do. N. Y., Trusteee.

}<^™n?'
($1.000)

o

1901

41*

«•

(Mavbered.on& after Sept.l.l911,atll0&int

4=i2 g- M-N
1,000,000
e
coo n0 o(
rn„ a mnrt $7,o00,000> !903
Cons mort
n g MortK age & Trngt 0o N

»,,

w

.

Y

M<*y
.,

1,

1953

trustee.

o
gold ($1,000)
Harris & Co.. N. Y.
Int & prin at N
£
Bonds— $2,000,000 consols are reserved to retire the first mort. bonds
and $4,500,000 are reserved for extensions at 75 p c. of cost when net
earnings are double interest charges, Including interest on bonds to be
issued. A sinking fund of 1 p. c. of bonds outstanding (including the
first mortgage bonds) commences in 20 years, to be used to retire
either issue of bonds. See V. 76, p. 266, 1086.
Earnings—For year ending Feb. 29, 1904: Gross, $1,036,305; net,
$344,333; interest, $135,000; surplus, $209,333.
ROAD—Total track about 110 miles, including extension to Al
bany of 12 miles (double track), completed in Sept., 1901, and
line to Troy 12 miles double track oompleted in Nov., 1902; alho
Including extension to Ballston (double track), opened for traffic June
30, 1904; 70, 75, 78 and 80 lb. T and girder rail. Operates 132 motor
and 36 other cars.
OFFICERS— Brest,, Hinsdill Parsons; Man., E. F. Peck; Sec. Treas.,
as. O. Carr, all of Schenectady.- V. 79, p. 152; V. 80, p. 652.

SCRANTON, PA.
LACKAWANNA & WYOMING VALLEY
RAPID TRANSIT-A
third-rail road.

In December, 1903. control of the road was bought by the Westinghouse Elect. & Mfg. Co. for about $6,000,000. The object of the pur
chase is to use the road for demonstrating several operating devices
and utility of electric roads for carrying freight, riee V. 79, p. 627.
Organization— Incorporated under the General Lawsol New Jersey
in Oct., 1900. Owns all of the securities of the Lackawanna & Wyoming Valley BR., the Scranton & Northeastern BB., the Central Valley
BE. and the W ilkesbarre EB. and operates them under leases. The
Lackawanna & Wyoming Valley BB. is the operating company.
Outstanding,
Maturity.
$6,500,000
) 1901
5 g. F-A
6,900,000 Aug. 1, 1951
gold, $10,000,000
Int. at Standard Trust CO., N. Y., Trustee.
S
ROAD— Scranton to Pittston, 12 miles, opened May 16, 1903;
Boranton to Wilkesbarre, 20 miles, opened Deo. 16, 1903; Scranton to
Carbondale, 17 miles, now under construe tion, and completed to Dunmore. 3 miles. Total, 49 miles. Double traek, laid with 90-T). rail.
Standard steam construction, private right of way. A stand ard-gau>.e
tunnel, about 5,000 feet long, is under construction in Scranton, to be
oompleted Aug. 1,1905. This 'will remove the only heavy grade on
line b-tween Scranton and Wilkesbarre.
OFFICERS— President, Geo. C. Smith, Pittsburgh; Vice-Pres's, L. A.
Watres, Scranton; I hos.B Simpson, Oil City; E. A.Hancock, Philadelphia; Secretary, Dudley Phelps, New York; Treasurer, Carl M. Vail,
New York.— V. 73, p. 184; V. 78, p. 48, 2012; V. 79, p 627.

STOCK AND BONDS

Date.

Interest.

Stock, $6,500 000 ($100)
Col. trust mtge. $1,000),

SCRANTON RAILWAY-A
On Jan. 1897, assumed

trolley road.
all the assets and liabilities of the Scranton Traction Co., eto— V. 63, p. 1064 ; V. 64, p. 85.
The company owns all the stock of the Carbondale By., the Pittston
&, Scranton St. By. and the Lackawanna Valley Traction Co. and practically all of the stock of the 8cranton & Pittston Traction and the
Scranton & Carbondale Traction; also the entire issue of the new Car-

Organization—

1,

bondale By. mortgage ($300,000).
BONDS— Par. Date. Interest.
STOCK
Com., ($.500,000).. $50

&

1

^LSOofoO^.

™".'
\

!

$5 °

—

Maturity.

$2,000,000

M_S

Scranton Trac. 1st

gdd,no option

Outstand'g.

1,500,000 March,'05,2is%

MN

_
i )0 00,000
Nov. 1, 1932
^ 1000 lg92 6 g
Interest x at E. W. Clark
Co., Philadelphia.
c" )

Scran'Pas.Ry.lstM.1,000 1890
Scranton Sub. 1st ) 500&0 1890
M., g., gu.,p.<fei.c* 5 Farmers' L.
'
Peop'sSt.By.lstM.g.l.OOO 1888
gen. M., gold .... 1891
Do
Scranton By. M., $2,500,- ) 1897

6

&

M-N

May

1, 1920
May, 1909

100,000
200,000

6g.M-N

Y

& T.

Co., N.
, Trustee.
6g. F-A
200,000
Aug. 1, 1918
6g. J-D
100,000
Deo. 1, 1921
5g. J-J
900,000
Nov. 1, 1932
Trust, N.
000, gold ($1,000) ... c* 5 New York Sec
City, trustee.
Scranton By. gold col. ) 1900 5g. J-J
$500,000
Nov. 1, 1932
trust $500,000 ($1,000, > Prov. Life & Trust Co., Phila., trustee.
Int. (x) at office in Scranton, or ag'cy. Phila.
$500) o*...
)

&

Y

x Free of United States and Pennsylvania State taxes.
Bonds—Of the $2,500,000 Scranton By. mortgage 5s of 1897, $1,600,
000 are reserved to retire prior bonds at maturity. The collateral trust
bonds can be called at any time at 105 and interest on 30 days'
notice furthermore, the right is reserved to call in and exchange the
bonds at any time before maturity for bonds bearing the same rate of
Interest "which may be issued by a consolidated street railway company controlling by consolidation or lease the street railway lines
represented by the securities pledged." The securities pledged consist of all the stock ($450,0t0) and the entire issue ($300,000) of the
Carbondale Bailway Co. mortgage of 1900 also $498,700 out of the
;

;

[Vol. lxxx.

$500,000 stock of the Scranton <fe Carbondale Traction Co.; $943,775
out of the $976,125 stock of the Scranton & Plttfton Traction Co.;
likewise $60,000 out of the $355,500 bonds of the latter.
niTidinds.— The first div. on pref. (412 3 cents per share, being at the
rate of 5 per cent per annum, for the two months) was paid Maroh 1,
1904, and 2»« p. c. was paid on Sept. 1, 1904. In 1905, Maroh, 2 »a p. c.
Road—Owns and operates all the street roads in and around city of
Scranton, having an aggregate mileage as follows
Owned
Miles. Lackawanna Val. Trao
3 94
4167 Carbondale Railway........ 16 06
Scranton Bailway
2-22
Leased —
Miles. Pittston & Scranton St. By.
12-51
Scranton & Pittston
81*34
4 -94
Scranton & Carbondale
Total system
Report—The following covers the operations of all lines controlled.
Bal., 8ur.
Trs. to Dec. 31— Gross
Net.
Fixed charges.
sur.$166,358
$873,627
1904
$388,137
$221,779
1903
827,778
358,022
sur. 120,592
237,430
*def.78,930
1902
549,407
150,856
229,786
During 1901 and 1902 the company suffered from two strikes of
During strikes
its employees, and also from the anthracite coal strike
of its employees the company had practically no receipts
Officers— President. C. M. Clark; Vice-President, E. W. Clark Jr.,
Sec'y and Treas., C. Ford Stevens, Bullitt Building, Phila.; Gen. Me-n.,
Frank Silliman, Jr., Scranton, Pa.— V. 73, p. 1265; V. 78, p. 49, 989.

—

-

I

I

(

1

)

CABBONDALE BAILWAY—A trolley road.

is the old Carbondale Traction Co., which was sold at foreclosure in 1900. The Scranton Bailway Co. owns all the stock of the
Carbondale Bailway, also the $300,000 5 p. c. gold bonds, due June
Boad is leased to Scranton Bailway.
1, 1926.
Date. Interest. Outstand'g. Maturity.
Bonds—
Stock

This

&

Stock auth., $450,000) ($50)..
1st M., Carbondale Traotion
Co., c* & r. ($150,000), gold
($500 & $1,000)
Carbondale R'way, 1st mortgage, $300,000, gold, regis-

$450,000
150,000 July 1, 1922
Interest at Central Trust Co., New
York, Trustee.
1900 5 g. J-D
300,000 June 1,1926
Int. at E. W. Clark & Co., Philadelphia,
tered
)Geo. L. Estabrook, Phila., Trustee.
Bonds— First mortgage of Carbondale Traotion, due 1922, has a
sinking fund of $2,500 per annum after July 1, 1895, but bonds cannot be called. The new bonds due 1926 have no sinking fund, but oan be
called at any time at 105 and accrued interest upon 10 days' notice.
ROAD— System includes 1606 miles of road.beginning at Forest City,
Pa., and running through Vaudling, Biohmondale, Wilson Creek,
Simpson, Carbondale, Mayfield, Jermyn, Archbald to Peokville, where
it connects with Scranton lines.— V. 69, p. 1061; V. 70, p. 75.
(2)

1892 6gJ-J

SCBANTON & CABBONDALE TBACTION—A trolley road.

Organization— Scranton Railway Co. leases this company for fifty
years and operates the road and furnishes the power. Earnings are
now included in Scranton Bailway report.
Maturity.
STOCK & BONDS— Miles. Date. Interest. Outstand'g.

Stock

$500,000

1st M., $1,000,000, g.,) 5
1893 6 g. J - J
150,000 Jan. 1, 1923
$1,000
Interest at E. W. Clark & Co., Philadelphia.
o* >
Free of State tax.
)
Bonds lor $100,000 are reserved for power plant, if required, and
$750,000 for purchase of other railroads and new property.

Road—Owns

road extending from Scranton to Archbald, Pa., about
Carbondale Bailway to Carbondale,

5 miles; connects with

(3)

SCBANTON & PITTSTON TBACTION.— A

Organization— Chartered

Sept. 8, 1893,

trolley road.

and on

Oct. 5, 1893, leased

50 years to Scranton Bailway Company; has since been
purchased by the Scranton Bailway Company. The Pittston
for

Company owns

the entire capital stock of the Lackawanna Street
& Avoca Street Bailway, and a
majority of the capital stock of the Pittston Suburban Passenger
Bailway, operating their properties under lease.
Maturity.
STOCK
BONDS— Miles. Date. Interest. Outstand'g
Stock (par $100)
$976,125
Mort. $525,000, g., ( 15
*355,500 Oct. 1,1923
1893 6g. A-O
$1,000 & $500 c* 1 Interest (x) at Union Trust (Trustee), Phila. Nob.
gu. by Scran. Tr. (
1 to 400 $1,000 each and Nos. 401 to 650 $500.
x Both principal and interest are payable free from all United States
and State of Pennsylvania taxes.
* OC the bonds outstanding $295,500 are guar, by the Soranton By.
Road— Owns 12^ miles of track, uniting Scranton with Greenwood,
Moosic, Taylorville, Avoca, Pittston and Beadham.
Earnings— Earnings are now included in Scranton By.

Railway and the Pittston Jenkins

&

( * ) PITTSTON & SCBANTON STBEET BY.— A trolley road.
Operated by the Soranton By., and earnings included in report of that co.

(6) LACKAWANNA VALLEY TBACTION CO.— A trolley road. Operated by Scranton Ry., and earnings included In report of that company.

Seattle! wash.
THE SEATTLE ELECTRIC CO.-(A

trolley road).

This company, which was incorporated in the State of Washington
on January 3, 1900, is a consolidation of nearly all the street railways
(all except one small road) and electric-light interests in and around
the City of Seattle. In 1900 was granted a 35-year franchise over all its
lines, but must sell 25 tickets for one dollar. In February, 1901, the
1st mtge. bonds were listed on the Boston Stock Exchange. In April,
1 903, pref erred stock was Increased from $3,000,000 to $5,000,000
$1,600,000 being offered to sharehoJ ders at par. V. 76, p. 658. Guarantees the Seattle Railway Co. bonds, principal and interest. The following companies have been acquired:
Third St. & Suburban By. Co.
Seattle Traction Co.
West St. & North EndElectrio By. Union Electrio Co.
Burke Block Lighting Plant.
Madison St. Cable By. Co.
First Ave. Cable By.
Union Trunk Line.
Grant St. Electric By.
Consumers' Electric Co.
James Street Construction Co.
Green Lake Electrio By.
The Seattle Bailway Co.
North Seattle Cable By.
Seattle Central By. Co.
Seattle Steam Heat & Power Co.
Date. Interest. Outstanding. Maturity.
Bonds—
Stock
$5,000,000
St'k, $5,000,000 com. ($100)
Stock, $5,000,000, pref. 6 /
A-0
4,600,000 Oct.,'04,3%
j
per cent non-cum ($100)
5,000,000 Feb. 1, 1930
5 g. F-A
1st M. $5,000,000, gold..O* < 1900
I Int. at Boston Safe Dep. & Tr. Co., Trustee.
($1,000)
$615,000
Notes payable Dec. 31, 1904
Bonds—The mortgages on most of the consolidated oompanies have
been discharged, and companies turned over to the Seattle Electrio
Co. outright; the others are operated by the Electrio Co. as owner of
practically all of the stock and bonds. Sinking fund 1 p. o. of the
entire amount of bonds outstanding is payable yearly. Bonds oan be
oalled as a whole on any interest date at 110 and interest.
Stock - Preferred stock is redeemable at 120.
Dividends—First div. of l 1^ p. c. on pref. stock was paid April, 1901.
Dividends changed to half-yearly, and 3 per cent paid Oct. 1, 1901; In
1902, 6 p. c; in 1903, 6 p. o. In 1904, April, 3 p. c; Oct., 3 p. C
Road— Operates 95 20 miles of track. Numerous extensions proposed.

&

—

STREET RAILWAYS.

Feb., 1905.]
REPORT.-For year ending Deo.
dross.
Sear—

,

(

8EATTLE RAILWAY CO.—A cable road.

1 )

Organization—This was the Seattle City Ry. f whi oh, together with
Leschi Park, was purchased at foreclosure on Sept. 21, 1901. In
Oct., 1901, was re-incorporated in Washington under the above title.
Outstanding.
Maturity.
Interest.
Date.
STOCK & BONDS—

$500,000
500.000 Nov. 1, 1921
5g. M-N
Boston Safe Dep.A Tr Co. Bost. trustee.
I Int. at
Bonds— sinking Fund is one per cent of bonds certified; bonds can be
called as a whole at 110 and interest on two weeks' notioe.
ROAD— Owns about 5 miles of cable road in Seattle, known as the
Yesler Avenue and Jackson Street lines. V. 73, p. 1062.
Stock, $500,000 ($100)
1st M., $=i00,000, gold,
($1 ,000) c.\guar p&i.

<

1901

,

,

PDGET SOUND POWER OO.-

(2)

Organization.— Incorporated in Washington in 1902, anl Is successor to the Pierce County Improvement Co.
Maturity.
Date. Interest. Out ra> d'o.
Bonds—
STOCK
$1,000,000
Stock, $3,O00,< 00 ($100)
3.000,00 1 June 1, 1933
1st mortgage, $4,000,000, ) 1903 5 g. J D
gold ($1,000), guar., .c* S Int. at Old Colony Tr. Co., Boston.Trustee.
Bonds.— $1,000,000 are reserved for additions and improvements
at 80 p. o. of cost. Both principal and interest, as well as sinking fund
payments, are guaranteed by the Seattle Electric Co. A sinking fund
of 1 p. c. per annum of bonds outstanding oommenoe? March 1, 1906,
which is to be invested in the bonds at not more than 110 and interIi bonds cannot oe bought at that price, they may be drawn by
est.
lot for redemption. Entire issue Is subjeot to call on auy interest
date upon 70 days' notioe at 110 and interest.
Plant.— Operates a power plant at Election, in Pieroe County, on
the Puyallup River.
OFFICERS.— President, John W. Hallowell; Vioe-Pres., A. G. Avery
Secretary, H. Y. Nutter; Treasurer, W. A. Carter.— V. 77, p. 454.

&

;

SEATTLE RENTON & SOUTH.
Organization—Successor in

<te

Benton By.,

&

250,000
105,000 June 1, 1914
5 J-D
$150,000
$ State St. Trust Co., Boston, Trustee.
Feb.15,'33
$50,000
Seattle Renton & So.mtge. ) 1903 5g. F Ai»
cjlnt. at Merchants' Loan & Tr., Chlc.Trus.
($1,000)
Bonds— Of the new mortgage of 1903, no given amount is authorized;
$20,000 per mile of single or $40,000 per mile of double track may be
issued, but only when net earnings are double interest charges; $105,000 are reserved to retire a like amount of Seattle & Ronton bonds. A
sinking fund of 2^ p. o. per annum of outstanding bonds becomes
operative on Aug. 15, 1905.
ROAD— 1575 miles of track, from Seattle via Columbia City and Dun
lap to Renton. Rails, 30-56 lb. T and girder. Franchise runs till 1915OFFICERS.— President and Gen. Mgr., F. H. Osgood; Vice-Prest., H
Chapin; Secretary, W. A. Peters.— V. 76, p. 543.

1899

.

PUGET SOUND ELECTRIC

RY.-Thlrd-rail and

trolley.

Organization.— Incorporated in New Jersey on Dec. 5, 1902, and
acquired the Seattle-Tacoma Interurban By. and a controlling interest
in the Tacoma Ry. & Power Co.
Date.
Interest.
Outstanding.
Maturity
STOCK BONDS—
Pref., 6 p. c, non-cum.,
a. R o= oon
T T
!t>b^s,uuu
J^
•"'
\
$1,000,000 ($100)
....
J-J
3,276.100
Com., $3,500,000 ($100)
5 g. F.-A.
2,820,000 Feb. 1, 1932
1st cons. M., $5,500,-) 1903
c&r$ Interest at City Trust Co., Boston, Trustee.
OOO.gold

&

T

1899
1.310,000
1, 1929
M*&m°<W» £l- ) Intere8t5 *• A-"°- Co ony Trust Apr. Boston,
at Old
Co.,
SOofc^otredeeml
lTustee.

l°s't

ble before mat

c*J

Bonds—Of the new $5,500,000 mortgage, $1 ,310,000 are reserved to
retire a like amount of Tacoma Ry. & Power Co. bonds. The new
bonds are subjeot to call a" a whole on any interest date at 110. A
sinkinu funa of 1 per cent of bonds certified begins January 1, 1907.
Preferred stock is redeemable at 120.
Earnings— For calendar year 19'3, gross, $441,466; net, $155,886;
proportion of earnings of Tacoma Ry & Power Co., $36,644; fixed
charges, $133,860; surplus, $58,670.
Road— operates a third-rail interurban line of 51'88 m. from Seattle
to Tacoma, with a branch to Renton; of which 4 292 miles is owned.
Officers— President, Jacob Furth; Vice-Pres., Charles D Wiman;
Treasurer, Guy E. Tripp; Seoretary, H. R. Hayes; Gen'l Managers &
Transfer Agents, Stone & Websier, Boston.— V. 76, p. 811, 920.

SEDALIA, MO.

RAILWAY &Gas & Electric CO- OF Mo., was recently
ELECTRIC
SEDALIA-The United Water,
Co. of Sedalia,

organized, with $1,000,000 authorized stock, t?> unite this road and
the water, gas and electric companies of Sedalia.
Organization.— Incorporated in Missouri in May, 1901, and is a reorganization if the Sedalia Ry. & Elec. Co., sold under foreclosure in
March, 1901.
Date.
Maturity.
Interest. Ouistand'g.
STOCK
BONDS—
Common 7|l« 0.000 ($100)
$100,000

&

$100,000 ($1 0)
mortgage, $125,000,

100,000
July 1, 1918
5 g. J-J
125,000
gold $1,000)
c < Int. at Sedalia Trust Co., Trustee.
Bonds. No sinking fund, but bonds are subject to call after 5 years.
Road.- Operates 6^2 miles of track in Sedalia.
Officers.— Pies.. D. H. Smith; Vioe-Pres., W. B. Broomal; Sec. and
Treas., Wm. H. Powell; Supt. and Mgr., R. B. Hammer.— V.78, p. 2390.
Pref.,
lsr,

)

1903

SHAMOKIN, PA.
MT. CARMEL ELEC
Chartered
1892.

SHAMOKIN &
Organization—
Stock & Bonds—

Oct. 18,
Date.
Interest.

Trolley.

ORGANIZATION.— Incorporated

in

New

RY. & L'T

CO-

Jersey on Dec. 5, 1900, for the

purpose of construction, operation, ownership and control of street
railways, gas, water and electric properties. From a central power
station at Youngstown distributes electricity in Younsrstown, Girard,
Struthers, Lowellsville and Hubbard. Ohio; and Sharon, Sharpsville,
South Sharon and Wheatland, Pa.; also has three rotary sub-stations
situated in Youngstown, Ohio, and in Sharon and New Bedford, Pa.
Interest.
Date.
Outstand' g.
Maturity.
BONDS—
STOCK
$2,500,000
Stock, $2,500,000 ($100)
5 g. J J
2,500,000
Jan. 1, 1931
1st mtge. $2,500,000) 1900
($1,000) gold, s. f ..c* 5 Int. at N. Y. Sec. & Tr. Co.. N. Y., Trustee.
5 g. Mar.
500,000 Mar. 1, 1927
2d M., inc. $1,000,000) 1901
Tr. Co., N. Y.. Trustee.
c5In*- atN. Y. Sec.
gold ($1,000)
Bonds— First mortgage bonds can be called at 115 and accrued interest on any interest date. They are a first lien on all the properties of
the company, including substantially all of the capital stock of the
Sharon <s New Castle Railways Co. and substantially all of the capital
Water Co., the Sharon
Wheatstock and bonds of the Sharon Gas
land St. Ry., Sharp ville Electric Light Co., the Shenango Valley Eleotrio Light Co., the Youngstown & Sharon Street Ry. Co., the Youngstown Consolidated Gas & Electrio Co., the Valley Street Ry Co. and
all the bonds of Merchants' Light, Heat & Power Co. and the Shenango Valley Street Ry. Co. (V. 72, p. 874.) The second mortgage incomes are a second lien on the same properties, and may be called
at par and aocrued interest on any interest date.

&

&

&

&

Sinking Fund —Commencing 1906 1 p. c. is payable annually for
ten years, after that l'sp.o. per annum for first mortgage bonds.
Report— 1903, gross, $511,814; net (after taxes on operated properties) $210,298; charges, etc., $185,203; surplus, $25,095.
Road— Owns and operates (including New Castle system) 40 miles of
railway, comprising the entire electric railway system of Sharon,
Sharpsville. South Sharon and Wheatland, Pa.; also connects Sharon,
Pa., with Hubbard and Youngstown, Ohio, and also connects both
Sharon, Pa., and Youngstown, Ohio, with New Castle by a line running
to New Castle from Hubbard, O. Rails 70-lb. T and 90-lb. girder. Operates 45 cars. Population served, 120,000.

OFFICERS— Pres., Randall Montgomery, Youngstown,
N. Sanderson; Sec, Leighton Calkins; Treas., Alex.

Y.-V.

(1)

78, p.

O.; V. Pres.E.
Jr., all of

Webb

S.

699.

SHARON & NEW CASTLE RYS.— A trolley road.

Organization— Incorporated in New Jersey on June 8, 1901, for the
purpose of construction, ownership, operation a .id control of electrical, steam or other power railways lor the transportation of passengers, mail, express, merchandise, or other freight anywhere in the
U. S. or in foreign countries, and also the construction, ownership
operation and control of electrical, gas, water, light, heat and other
power companies. The entire capital stock is owned by the Youngstown-Sharon Ry. & Lt. Co., whioh guarantees the bonds, prin. and int.
Interest.
Date.
Outstanding.
Maturity.
BONDS—
STOCK
$500,000
Stock, $500,000 ($100)
5 g. J-J
500,000
July 1. 1931
1st mtge. $500,000, g., ) 1901
($1,000)8 f,gu p.&i.o* s Int.atN.Y. Security & Trust Co., N.Y., trustee.
Bonds— Mtg. is a first lien on all the properties of the oompany, including substantially all the stock of the Sharon & New Castle St. Ry.,
a Pennsylvania corporation, and substantially all the capital stock of
the Sharon & New Castle Ry. Co., an Ohio corporation; also all the
bonds of said two companies. The bonds are subject to call at 115 and

&

Interest at

any Interest period.

extending from New Castle to Hub
bard, Ohio, over private right of way, where connection is made with
r
the Youngstown-Sharon system; <0-lb. T and 90 -lb. girder rail.
OFFICERS— President, E. N. Sanderson, New York; Secretary, Leighton Calkins; Treasurer, Alex. 8. Webb Jr.-V. 73, p. 288, 1012.

Road— About 20 miles of track,

SHEBOYGAN, WIS.

LIGHT
SHEBOYGAN Incorporated POWER & RYWisconsin.

in
Street railway
OrganizaTION, Etc-—
franchise in Sheboygan, perpetual and exclusive until Sept., 1910.
Electrio light franchise p rpetual.
Interest.
Outstanding.
Maturity.
BONDS— Date.
STOCK
8tock, $750.000.
$375,00*
4 00,000
April 1,1926
5 g. A-O
1st mtge., $400,000(1896
Interest at Mercantile Trust Co., N.Y., Trustee.
.5
($1,000). gold..
5 g. J-J
1st cons. M., $2,500,-) 1903
$500,000 July 1, 1933
000 gold ($1,000).. S Int. at Mercantile Trust Co., N. Y., Trustee.
Bonds— Ol the first first 5s of 1896, *10,000 may be redeemed yearly
by lot at 105 up to $100,000, but requirement not compulsory. New
mort. for $2,500,000, subject to oall at 105 at any time.
EARNINGS—For year 1904, gross, $117,626; in 1903, gross, $103,471.
Road— Operates 26'03 miles of track in Sheboygan, Including a line
to Plymouth. Standard-gauge
60 lb. T rail. 2 J cars.
Vice-Pres., F. A. C. Perrine; Gen. Mgr.
OFFICERS— Pres.,
and Treas., Ernest Gonzenbaoh.— V. 76, p. 920, 973; V. 77, p. 629.

&

;

SIOUX CITY, IOWA.
THE SIOUX CITY TRACTION-A

trolley road.

Organization, Etc.— Chartered in May, 1895, to succeed the Sioux
City St. Ry., sold in foreclosure. Franchises run for 50 years from 1889.
On May 15, 1899, absorbed all the other Sioux City lines, and now
owns and operates 42 miles of road, including the elevated (Sioux
City Transit), the Central Traction, the Riverside Park, the Sioux City
& Leeds Electric and the South Sioux City Traction Co.

STOCK

&

BONDS—

Date.

Interest.

8tock, $1,200,000 ($100)

Outstanding.
$1,200,000

Maturity.

5 «• J 'J

July 1,
750,000
M «750 ' OOO cold ) 1899at Bailk of Montreal, Chicago, or 1919
g «* ?!»*•
New
7«i(wi(
(»i,ouo)
o

1st

^

York, trustee.

ROAD— Operates 42

miles of track. Cars. 81, of which 61 motors.
OFFICERS-— President, Samuel MoRoberts; Secretary and Treasurer,
J. F. Millett; Gen. Mgr., E. L. Kirk.— V. 75, p. 849.

SOUTH BEND,

IND.

INDIANA RAILWAY.-A trolley road.

Organization— On Dec. 22, 1904, absorbed the Indiana Western
On March 15, 1899, was organized by the consolidation of the South Bend St. Ry., the Indiana Electrio Ry., the General
Elkhart Ry. and the
Power & Quick Transit Co., the South Bend

Railway.

«te

RY--

Outstand ing.
Maturity
$500,000
200,000 Aug.20,'03,2%
Bonds
1893
6 J-D
Dec. 1, 1923
302,000
Road— Shamokin to Logsville, Green Ridge, Mt. Carwel, Cunningham and Centralia, 20'25 miles of track; operates 23 cars.
OFFICERS— President, G. M. Smith, Mount Carmel, Pa.; Vice-President, D. Rebstock, Lebanon, Pa.; Secretary. N. S. Snavely, Lancaster
Junction, Pa.; Treasurer, C. Smith, Annville, Pa.

Stock, common ($50)
Stock, pref. ($50)

YOUNGSTOWN SHARON

N.

RY.-Trolley.

Feb., 1903, to the Seattle

which latter in 1899 purchased the road and franchises of 8eattle &
Bainier Beach Ry., formerly the Rainier Ave. El. By. foreclosed. The
Seattle & Rainier Beach, however, maintains its corporate existence.
Interest. Outstand? q.
Maturity.
Date.
BONDS—
Stock
$1,000,000
Common $1.000,000
Pref. $250,000
Sea. & Ronton 1st mtge,)

SHARON, PA.

31:

Charges.
Surplus.
Ifet.
8711,595
$295,472
$416,123
82.321,235
1904
280,374
598,821
318,447
2,096,725
1903!
OFFICERS— Pres., Jacob Furth; Vice-Pres., Henry B. Sawyer; Treas
A. Stuart Pratt; Ass't Treas., P. Dabney; Sec., Geo. Donworth; Ass't
Sec, H. R. Hayes; Gen. Mgr., Howard F. Grant; Gen. M'g'rs and Tran.
Ag'ts., Stone & Webster, Bost., Mass.— V. 77, p. 251, 401, 452, 2160.

821

Elkhart Goshen & Southern Ry. Franchise perpetual in Mlshawaka,
Goshen and South Bend; in Elkhart expires in 1926. Operates all local
eleotrio lines in above cities and the interurban line Joining them.
Maturity.
Ouistand'g.
Date. Interest.
STOCK AND BOND
8tock, $3,000,000..
$3,000,000
Jan. 1, 1930
1,000,000
1900 5g.,J-J
1st mort., $1,000,000,
Girard Trust Co. (Pliila.), trustee. Int. at
o*
g. ($1,000)
Trust Co., N. Y.
Standard
Aug 1, 1924
150,000
2d mort, $150,000
1904
5g.
($1,000>, gold I.... S Int. at U.S. Mtge. & Trust Co.. New V. rk.
lOO.Ooo
Jan. 1, 1945
5g.
Consol. M.,*:3,000,<00 ) 1905
New York.
($1,000), gold
S Int. at U. S. Mtge. & Trust Co

—

,

c

)

[Vol.
STREET RAILWAYS.
$10,000 per annum begins
SPRINGFIELD, ILL
open market are not subject

822

Bonds -On the 1st 5s a s'nking fund of
January 1, 1905; bonds to be bought in
to call. The 2d 5s have a s. f. of $2,000 per an. beginning Aug. 1,
1906. These bonds are subjdct to call. Of the new $3,000,000 mtge.,
$1,150,000 are reserved to retire prior liens, $200,000 are in company's treasury and $1,550,000 are for extensions, etc, after Jan. 1,

1907. Beginning Jan. 1, 1910. $5,000 is payable annually into a
sinking fund. Are subiect to call.
Earn'nqs— For year ending Oct. 31, 1904: Gross, $341,939; net'
$116,003; Interest, $50,000; surplus, $66,063.

Road— Leneth of track, 50 miles, between South Bend, Mishawaka,
Elkhart and^Goshen. Gauge, 4 ft. 8% In.; 70-lb. T-rail Owns 65
oars and 3 power stations.
OFFICERS— President, Arthur Kennedy, Pittsburgh, Pa.; Vice Pres
and Gen. M'g'r, J. McM. Smith, South Bend, Tnd.; Sec, M. P. Reed;
Treas.,

General

McCance, South Bend, Ind.

J. B.

Iud.-Y. 61,

p.

office.

South Bend,

925; V. 68, p. 671; V. 77, p. 402, V. 79, p. 2796.

SOUTH BEND
RY- A

SOUTHERN MICHIGAN

&

trolley load.

Organization.— Incorporated
as a consolidation of the South

Bend & Northern Ry.
STOCK & Bonds—

in Mloh. and Indiana Sept 11, 1902,
So. Mich. Ry. and the South

&

Bend

Maturity.
Date. Interest. Outstand'g.
$750,000
Stock, T750.000 ($50)
Oct. 1, 1927
250,000
1st mortgage, $750,000, ) 1902 5 g. A-O
gold ($1,000), gu., p.&l.o* 5 Int. at North Am. Sav.Co., Pittsbgh., Trus.
Bonds.—$500,000 are reserved for an extension to St. Joseph. A
tinking fun* of $5,000 per annum oommenoes Jan. 1, 1907. Are not
subject to call. Are guaranteed by the Indiana Ry.
ROAD —Operates 11 miles of track between South Bend, Ind., and
Niles, iviich. A line from Niles to St. Joseph, 23 miles, is proposed.

Standard gauge, 70 lb. T rail.
Officers.— Pres., M. P. Reed, South Bend; Treas., F. W. Bueltzingslowen. South Bend; Gen. Man., J. Mo. M. Smith, South Bend; Sec, J. B.
McCance, 1406 Arrott Bldg.. Pittsburgh.— V. 77, p. 402.

SOUTH MCALESTER,

IND. TER.

INDIAN TERRITORY TRACTION CO.-

ORQANIZATION— Incorporated In Indian Territory in 1901.
Date. Interest. Ontstand'g.
Maturity
Stock & Bonds—

Stock, $500,000 ($100).
1st mnrteasre <R450 00o(
g
/V^n<™ £ &nn g.. .c
«1
($i,uoo
*aoo), *

........

......

$212,500

191.000
June 1, 1928
5 g. J.-D.
Int at Colonial Tr. & Sav. Bk., Chicago, and
&
^ Merchants* Loan & Trust Co., Chic, Trustee.
Bonds.—There is a sinking fund of 3 p. c. per an. of bonds outstandBonds are issuable at rate of $25,ing, but are not subject to call.
500 per mile of single-track road.
Road —So McAlester to Hartshorne, Indian Ter., 20 miles. Standard gauge rail 60 lb steel T.
OFFICERS— Prest.. L. P. Boyle; 1st V. P., L. W. Bryan; 2d V. P., A. W.
Underwood; Sec, M. M. Lindley; Treas., A. N. Thomas.—V. 7S, p.2334.
;

1903
-

,

SPRINGFIELD RY. & LIGHT

&

Date.
BONDS—
STOCK
$150,000 In 1903-4,3%
Stock, $150,000 ($100)
1st M., g., $125,000, s. f. < 1896
5g. M-N
117,000 Nov. 1. 1916
aft.Nov.1,'99 ($l,000)c ) Int. at Tnt'l Trust Co., Boston, Trustee.
Loans and notes payable Aug. 31, 1904
$54,900
Sinking fund is $2,000 annually on and after Nov. 1, 1899. On May
31, 1904, amounted to $8,426. Bonds cannot be called, but purchaseable at market. See V. 77, p. 250.
Road—20 miles connecting Warren, Brookfleld, North Brookfield,

Spencer, etc.

Earnings—Year ending Sept. 30, 1904, gross, $63,512; net, $22,076;
Charges, $14,959; surplus, $7,117.
OFFICERS -President, A. B. Bruce, Lawrence; Secretary and Treasurer, Augustus Nickerson, Boston.

SPOKANE, -WASH.

ARLINGTON HEIGHTS MOTORWater Power Co.
RY.-2 miles
Road leased to Wash.

of trolley track, stock, $50,000.

SPOKANE TRACTION

CO.-

ORQANIZATION- Incorporated in Washington in 1903 and is successor
to the Spokane & Montrose Motor RR.

&

Date.
Interest.
Outstanding. Maturity.
BONDS—
STOCK
Stock, $500,000, $100
$500,000
....
1903
J-J
5g,
IstM. $1,000,000, g.,?
325,000
July 1,1927
Int. at Title Guar. & Tiust Co., N. Y., Trustee.
<fe $1,000) c&r )
($500
Bonds.— Are subject to call at 105 alter July 1, 1908.
Road— 15 miles of trolley track completed. Standard gauge; 60 and
70-lb. T rails. Cars of Cceur d'Alene & Spokane Ry. enter Spokane
over this company's tracks.
OFFICERS -Pres., Jay P. Graves; Vice-Pres., A. L. White; Sec. and
Asst. Gen. Man., Clyde M. Graves; Treas., H. B. Ferris; Mgr., Benj. J.
Weeks.-V. 77, p. 251.

WASHINGTON WATER POWER CO.'S SYS-

TEM—SPOKANE STREET

RAILWAY,

ETC.

in Washlngtonin 1888 for 50 years. Comprises the Edison Electric Ilium. Co., Spokane Street Ry. Co., Spokane Electric Railway Co., Spokane Cable Railway Co., Falls
Improvement Company, the Ross Park Street
City Land
Railway Co. and the City Park Transit Company; also the Up River
Power, formerly the property of the Spokane Falls Water Power
Water
Co. Also leases the Arlington Heights Motor Ry. Company owns
entire electric-lighting business of Spokane and practically all the
water power. A 12,000 h. p. plant at Post Falls, Idaho, to cost $500,000, is now under construction.
Maturity.
BONDS— Date. Interest. Outstand'g,
STOCK

Organization— Chartered

&

unnn

&

&

M

—

SPRINGFIELD, MASS.

SPRINGFIELD STREET RY.-A trolley road.
Organization. —Incorporated March

&

$3,600,000J$100)

1st consol.

M. &

coll.

)

trust, $2,000,000,

>

q-J

$2,884,900
Jan, 1905, i»s%
1,600,000
July 1, 1929
Interest at Franklin Trust Co., Brooklyn,

1899

5.g.

J-J

gold ($1,000)... c*<fcr > N. Y., Trustee.

Bonds -The remaining $400,000 bonds may be issued

$357,464; depreciation, $71,3i9; interett, $82,918; dividends, $139,596; balance, $63,631.
Road— System consists of 44 miles of trolley road, the cable line
having been changed to trolley. Rails 30 to 72 lb. T.
OFFICERS— President, Henry M. Richards; 1st Vioe- President, A. B.
Campbell; 2d V -P. and General Manager, D. L. Huntington; Sec, H.
L. Bleecker; Treasurer, H. E. Perks, all of Spokane.— V. 76, p. 214.

BONDS—

5, 1868.
Interest.
Outstanding.

Maturity.
8tock $1,958,400 ($100)
Text.
Text.
$1,958,400
New 1st M., $1,500,000 1 1903
4 g.
April, 1923
1 ,400,000
gold ($1,000)
o* 5 Springfield Safe Dep.
Trust Co., trust* -.
B d
Ca U
--°'
April 1,1910
Date.

&

1895 4A
100,000
aft Ap"W900 ). . l
Notes payable Sept! 30, 1904
296,000
Bonds.—$100,000 of new 4s are reserved to retire the first 4s.
DIVIDENDS—In years 1893 to 1904, inolusive, 8 per cent per annum.
Road.—Owns 87016 miles (inc. 22103 miles 2d track) of main track
and 6*729 miles of sidings. Operates 226 cars.
EARNINGS-— For years ending Sept. 30 earnings have been
1903-4.
1903-4.
1902-3.
1902 3.
Gross earn'gs ..947,863
Net
268,714
T X
t0
138 557
I nt ere^
}

915,876 Dive. pd. (8%) ..156,672
156,672
241,450 Bal.foryear.def.26,515 def.45,865
130 643 Total surplus 146,211 197,476
Sept.30
::.:
OFFICERS— Pres., John Olmsted; Supt., George W. Cook; Clerk, Jonathan Barnes; Treas., Frederick Harris.— V. 77, p. 629.
>

'

springfTeld, mo.

SPRINGFIELD TRACTION
In Jan

,

1905,

it

CO.

was reported that control had changed hands.

V. 80, p. 223.
in 1895 to Metropolitan Eleotrio Ry.
Date.
Interest.
Outstand'g.
Maturity.

ORGANIZATION.—Successor

STOCK AND BONDS—

$400,000
Stock, $400,000 ($100)
5 g. J-J
330,000
July 1, 1925
1st mtge., $330,000, g. ) 1895
($1,000) (cannot be > Interest at St. Louis Union Trust Co., St.
o* ) Louis, Trustee.
called)
ROAD.— Owns and operates 15 8 miles of track; Westinghouse
elect, system; Hamilton-Corliss engines.
EARNINGS.—For fiscal year ending June 30, 1904, gross, $100,599
total expenses, including taxes, $63,687; net, $36,962.— V. 80, p.223.
|

-

SPRINGFIELD, OHIO.
SPRINGFIELD & XENIA TRACTION CO-

Rccivership.— On Oct. 29, 1903, F. J. Green of Springfield was appointed receiver, and Nov. 1, 1903, defaulted on coupons. V. 77, p.
1747. The Springfield & Xenia Ry. has been organized as the proposed successor Co. but no reorganization plan yet perfected. Road
was sold under foreclosure on Dec. 23, 1904, and bid In by the bondholders,
V. 79, p. 2797.
interest.
Outstand'g.
Maturity.
Stock and Bonds— Date,

$500,000
1901
5g. M-N
421,000
Nov."iil921
EARNINGS— For year ending Dec. 31, 1903, gross, $54,879.
Road— Operates 20 miles of track, connecting 8pringfleld and Xenia.
Rails, 70-lb. T; eight cars. V. 79, p. 213, 682, 1267, 2643, 2797.

8tock, $500,000 ($100)
1st Mtge, $500,000...

SPRINGFIELD TROY & PIQTJA RY- CO-Organization— Incorporated in Ohio April 20, 1803.
Date.
Interest. Outstand'g. Last div.
STOCK & Bonds—
$70,000
Stock, $700,000 ($100)
There are no bonds. The road was financed by its officials; $70,000
stock was issued to comply with law requiring issue of 10 p. c of authorized amount.
Road— 29 miles between Spr'ngfleld and Troy, O ; began operating
in July, 1904; including second track and sidings. 33 miies. Rails, 60
and 70-lb. T. Standard gauge.
OFFICERS— Pres., John L. Bushnell; Vice Pres. and Gen. Man.. Fred.

Green; Sec. and Treas., H. C. Dlmond. General
78, p. 2355.

J.

office.

Springtteld.O.

-V.

SPRINGFIELD, VERMONT.

SPRINGFIELD ELECTRIC RY.—A

trolley road.
of road, 8 miles, from Springfield, Vt., to
Freight and passenger road.

Organization.— Length
Charlestown, N. H.

Capital stock, common, (auth.) $75,000; issued $64,600; guaranteed
1st mortgage for $100,6 per cent notes or preferred stock, $64,000.
000 of 5 per cent gold $500 and $1,000 ooupon bonds dated Nov.,
int. M-N at Nat. Shawmut Bank, Boston.
1, 1897, due Nov. 1, 1917;
Earnings— For year ending June 1, 1904, gross, $36,213; net,
$11,419. President and Gen. Mgr., E. C. Crosby; Vice-Pres and Treas.,
M. A. Coolidge; Supt., A. J. Crosby.-V. 64, p. 1043; V. 70, p. 793.

for acquisi-

improvements or betterments. Bonds cannot be called.
Dividends—In 1900, 4 p. c: inl901,4pc; inl902,5p.c; inl903,
6p.c; in 1904, 6 p. c; in 1905, Jan., Hap.
Earnings -For year endln< Dec 31, 1903, gross, $801,253; net,
tions,

&

STOCK

&

Stk.,

CO-

in New Jersey in March, 1903, and
acquired capital stocks of the Springfield Consolidated Ry. Co.. Springfield Gas Light Co., Springneld Electric Light & Power Co., Peoples'
Hot Water Heating & Electric Co., and Capital Electric Co. Controls
street railway, electric light and gas interest of Springfield.
Date.
Interest Outstanding.
Maturity.
STOCK
BONDS—
Stock, $3,000,000 ($100)
...
$3,000,000
1903
2,250.000 June 1, 1933
5g. J-D
i>r.u tn ™„,.+
$5,000,- )
(
Intat Columbia Fin. <te T., Louisville, Trustee
000, gold, ($1,000).. o*
or at Co. 's agenoy in N. Y. or Phila.
Spring. Con. Ry. Con.
1893
5 J-I)
750,000 June 1, 1933
mtge., $750,000, g
5 Columbia Fin. & Tr. Co. Louisv , Trustee.
Bonds— Of the new coll. trust mtge. of 1903, $2,000,000 are reserved
for additions and improvements to constituent cos. and $750,000 for
prior liens. The new bonds are subject to call.on 60 days notioe at 107*2
and interest. Interest is payable at oorapany's office and at Hodenpyl,
Walbridge&Co., New York, and E. W. Clark
Co., Phi!a.
These
bonds are secured by deposit with the trustee of $150,000 bonds and
$149,650 stock of the Springfield Gas Light Co.; $96,300 stock of the
Spiingfleld Electric Light
Power Co.; $74,400 stock of the Capital
Electric Co; .+104,600 stock of the Peoples' Hot Water Heating &
Electrio Co. and $747,200 stock of the Springfield Consolidated Ry. Co.
Road— Owns and operates 25 miles of trolley tracu In the City of
Springfield. Rails 40 and 75-lb. T.
OFFICERS— Pres., Anton G. Hodenpyl, New York; Vice-Pres., C.
Clark, Phila.; Sec. & Treas., Geo E. Hardy, New York; Asst, Sec and
Treas, G. L Estabrook, Philadelphia
V. 76, p. 866, 1144,1193, 1250.

ST.

tributary estimated at 25,000.
Interest. Outstand'g. Maturity.

trolley road.

lxxx.

Organization— Incorporated

SPENCER, MASS.

WARREN BROOKFIELD & SPENCER
Population
A

RY.—

:

.

STAMFORD, CONN

road.
STAMFORD STREET RR—An Horse RR.
Incorporated as the Stamford
electrio

Co. on Aug.
1881, but name changed to above on July 3,1889. Control was
obtained by the New York New Haven & Hartford RR. in 1895.
Date. Interest. Outstand'g.
Maturity.
STOCK, BONDS, ETC.—
$47,140
Common, $100,000, $50
45,100
Pref., $100,000, $50
1889
5 F-A
75,000 Aug. 1, 1909
lstmortgage, $75,000 auth.
188,017
July 1, 1904, bills payable

Organization—

9,

.

STREET RAILWAYS.

Feb., 1905.]

Road— 188 miles of traok. In Nov., 1900, the extension to Glen*
brook was oompleted. Operates 33 oars; 2 snow plows.
EARNINGS— For year ending June 30, 1904, fibrosa, $98,986; net,
$41,400; fixed charges, $15,087; snrplus, $26,3 13.
Officers —President, H M. Koehersperger, New Haven, Conn.; Vice
Pres., W. W. Gillespie, Stamford; Beo., J. G. Parker; Treas., A. S. May,
N. Haven; Superintend'^ George W. Pieroe, Stamford.— V. 77, p. 251.

STATEN ISLAND,

Bonds—The Rapid Transit mortgage of 1896 is for $3,250,000, of
which $750,000 of bonds is reserved to retire the People's RR. firsts.
Of the 2d mortgage bonds $139,000 are in the company's treasury;
bonds cannot be called.
Dividends- First dividend, 1 p. o. on pref. stock, was paid Apr. 1, 1903;
also 1 p. c. July 1 and Oct. 1; in 1904, 4 p c; in 1905, Jan., 1 p. c.
REPORT— For years ending June 30

N. Y.

miles of track; leases 8 miles; total,
Rails 90-lb. girder in city and 85-lb. T in suburbs.
Has 139 cars, 1 1 snow plows, 1 sweeper and 1 construction car.
OFFICERS— President, Horace E. Andrews, Cleveland; Vice Pres.'and
Gen. Mgr., E. G. Connette; Secretary and Treas., T. H. Conderman,
Philadelphia, Pa.-V. 78, p. 122 4, 1448; V. 79, p. 291.
-

Section of

Organization— Incorporated In Ohio Jan. 10, 1901, and is a consolidation of the Steuben ville Gas & Eleot. Co. and the Steubenville Tract.
Co. Also owns the Pleasant Heights line. Is owned and operated by
the American Gas Co. of Philadelphia, which company guarantees the
bonds, both prinoipal and Interest. Franchises of Gas & Elect. Light
Co., perpetual; Street railway franchises expire from 1925 to 1928.
Bonds listed on the Philadelphia Stock Exchange in March, 1903.
Maturity.
Interest. Outstand'j.
Date,
BONDSSTOCK
$1,000,000
Stook, $1,000,000. $100
5 g , M-N
700,000 May, 1, 1926
1st Mtge., $1,000,000, g. ) ...
Int. at Metropolitan Tr. Co., N. Y., Trustee.
($1,000), gu. p.Ai.,o*. }
Bonds.—$300,000 reserved for extensions and betterments. V. 76,

&

TAMAQ.UA pa.

TAMAQU A & LANSFORD ST. RY.-A
1891.
-Chartered Nov.
Organization.

Earnings— For calendar year 1903, net, $49,634; taxes and Interest,
$39,180; surplus, $10,454.
Road— 17 miles of track in Steubenville and between Steubenville
and Toronto; laid with 60- lb. rails; 13 closed and 16 open cars. Also
electric light and gas plants, and pleasure park of 85 acres.
OFFICERS— Pres., Treas., Morris W. Stroud, Philadelphia Sec, W.
McD. Miller; Gen. Man., J. Chas. Ross. V. 76, p. 267, 812.

&

Date. Interest. Outslan'g. Maturity.
BONDS—
STOCK
$300,000 1903, 5 p o.
Stock, $300,000 ($50)
200,000 June 1, 1927
1st mtge. $200,000, ($1,000)5 1897 5 g. J-D
gold
o. (Int. at Pro v. Life&Tr. Co., Phila., Trust.
ROAD— 19*43 miles, Tamaqua to Mauch Chunk, with branohjto Summit
Hill.

EARNINGS-— Report year ending June 30, 1904, gross, $108,668; net,

int., taxes, Ac. $11,740; div'ds, $15,000; bal., sur., $9,637.
OFFICERS— Pres., Lewis A. Riley, Phila.; Vice-Prest., C. F. Howell,
Phila.; Sec. and Treas., J. MoCready, Lansford, Pa.— V. 70, p. 428.

$36,379;

In June, 1902, H. E. Huntington acquired oontrol through purchase
of three-quarters of the capital stock.
Bonds—Stock $500,000; 1st mortgage $300,000 ($1,000)
Stock
gold 6s,AO, $115,000 out8tandiog,dated 1892, due Oot.25, 1917; int.at
California S. Dep. <fe Tr. Co., Trustee. Sinking fund provides for an
annual payment of 2 p. c. of outstanding bonds from 1902 to 1905;
3 p. o. 1905 to 1909; 4 p. c. 1909 to 191b. Bonds cannot be called.
Owns 6 miles of double track.

&

OFFICERS— President, James H. Budd; Vice-President, Wm. F. Herrin
W. C. Martin; Manager, Frank W. Webster.— V. 76, p. 159.

Seo'y,

ILL,.

PEOPLE'S LIGHT & RY-A trolley road.
miles of track.

Rails 52

lb. girder.

OFFICERS— President, W. V. Coons, Cleveland; Secretary, G.
p.

J. A.

970; V. 67, p. 843; V. 73, p. 1161.

SYRACUSE,

N. Y.

A

majority of the stock and bonds has been acquired by a syndicate.
is expected to be sold under foreclosure shortly.
Receivership— W. B. Rockwell is receiver. No interest has ever been
paid on the bonds, interest having been paid only on notes.

Road

STOCK

&

BONDS—

Date. Interest.

^WffiiMi

Outstand'g.

Maturity.

$500,000

1899

5g F A
-

500 000

-

'

Stock

Owns en-

Date.

Interest.

Outstand'g.

M-N

$700,000
377,000

10

Maturity.
Nov.,'04, 5%

1900
Jan. 1, 1930
)
6g. J-J
ci Int. at Am. Loan ATr. Co., Boscon.Trustee.
Bonds- Subject to call as a whole or in partafter Jan.l, 1905, at 105.
Dividends— 10% yearly is paid.
EARNINGS— For year ending Dec. 31, 1904, gross, $364,645; net,
$147,196; charges, $23,722; surplus, $123,474.
ROAD— ODerates 26*64 miles of track in Tampa and to Port Tampa.
Officers- Pres., Geo. J. Baldwin; Vioe-Pres., P. O. Knight; Treas.,
A. Stuart Pratt; Sec, Henry R. Hayes: Gen'l Managers and Transfer
Agents, Stone <8s Webster. Boston.— V. 78, p. 1966.

TAUNTON, MASS.

BRISTOL COUNTY STREET RY--A trolley road.
Road was sold at receiver's sale on Deo. 17, laOi, subject to the
$250,000 mortgage, and was purchased by Chas, F. Choate Jr. and
Geo. H, Newhall, of Providence. See V. 79, p. 2746.
Organization—Incorporated in 1900 to build an electrio road from
Hebronville and Attleboro to Taunton. Receivers were appointed on

May 3,

1904.

&

Date.
Interest. Outstand'g.
Maturity.
Bonds—
Deo.l,*01,2%
Stock, $200,000 ($100)
$200,000
mtge., $250,000) 1901
200,000
Jan. 1, 1921
1st
5 g. J-J
o* 5 Int. at Federal Trust Co., Boston, Trustee.
($1,000), gold
Bonds -Bonds could formerly be called for payment on Jan. V, 1906,
at 105, on four weeks' notice, but by a supplemental mortgage dated
Aug. 20, 1901, right was rescinded.
ROAD— Owns 17 miles of track, 90-lb. girder and 56 and 60 lb. T rail.
Operates 5 miles additional; total operated, 22 miles. 14 cars.
OFFICERS— President, Isaac Patch, Gloucester; Vice-President, John
H. Bnttrlck; Seo'y, D. A. Brooks. Boston; Treas.,
S. Cummings 2d,
Boston.— V. 78, p. 1781, 2383; V. 79, p. 500, 2454, 2746.

C

*«-i.w«

une 30, 1903, to *96,784.

ROAD— Operates

23 miles of traok. Standard gauge. Rails 10 4-lb.
Operates 17 passenger and 3 other cars.
OFFICERS— President, W. Judson Smith, Vice- Pres., F. J. Kaufman;
Secretary, Edward J. Chapman; Treasurer, Arthur R. Peek; Gen'l
Mgr., W. B. Rockwell.- V. 77, p. 23i0; V. 80, p. 118.

SYRACUSE & SUBURBAN RR.-A trolley road.
Organization—Chartered June 29, 1895.
Date. Interest. Outstand'g. Maturity.
STOCK & BONDS—

Stock, $400,000 ($100)
$400,000
let M., $400,000, $500 &>
1897 5 g F-A
400,000 Feb. 1,1927
$1,000 gold
$ Int. at Fidelity Tr. Co.. Phila., Trustee.
- J
Debentures, $33,000, g.. ) 1900 6 J
10.500 Jan. 1, 1905
»500
$1,000.
c* S Int. at Commercial Bank. Syracuse, N. Y.
New con. M., $550,000, > 1903 5 g. M-N 100,000 May 1, 1950
$500
$1,000, g
a i I Int. at Fidelity Tr. Co.. Phila., Trustee.
Floating debt. June, 1904
$35,000
Bonds— Of the 1903 con. mortgage, $400,000 are reserved for prior
liens and $50,000 will be used to retire the $10,500 debentures and
floating debt; no sinking fund; debenture bonds only can be called
before maturity.
ROAD.- Operates 18*08 miles of track; standard guage; rails, 60 to 90
lbs. Extensions of 33 miles are proposed.
OFFICERS.— President, John L King; Vice-Prest. and Gen'l Mgr.,
Chas. E. Hubbell; Sec. and Treas., Giles H. Stilwell.— V. 76, p. 1302.

&
&

SYRACUSECleveland TRANSIT RY-the Utlca &
RAPID
In July, 1904, the
which controlled
interests,

St. Ry. and ttie Oneida Ry. Co., purchased control of this company The New York Central lias acquired
an interest in these companies and will probably electrify the West
Shore RR. tracks between Utica and Syracuse to connect the tystems.
See V. 79, p. 271.
Organization— Incorporated May 21, 1896, per plan in V. 62, p. 644.
On June 1, 1899, leased East Side Traction for 99 years at a rental of
$12,500 per annum; also owns $299,000 out of the entire ($3C0,000)
capital stock of the company. Franchises perpetual. In Jan.. 1902, the
first mortgage bonds were listed on the Philadelphia Stock Exchange.
Outstand'g.
Date.
Interest.
Maturity.
Stock
BONDS—
Common $2,750,000($100)
$2,750,000
Pref.6p. o.,n.-c. ($100)
1,250,000 Jan. ,'05.1%
Q-J
750,000 Jan. 1,1921
5 J? 1891
People's RR 1 st into
reopie s KK.,istmtg
, nt at Merohant8
£
Nat Bank> Syracuse.
1st M. ($3,250,000) gold..) 1896
5g.M-S
$2,500,000 Mar. 1,1946
($1,000)
o* 5 Guaranty Trust Co., N. Y., trustee.
2d mortgage, $750,000)1900
5g.J-J.
$611,000 Jan. 1,1930
<$1,000), gold
c*. 5 Int. at Cit. Sav. & Tr. Co., Cleve., trustee.
East Side Trao. 1st mtge., ) 1899
5 J-D
$250,000 June 1. 1929
$250,000 ($1,000) ,gold. S Int. at Cit. Sav. & Tr. Co. Cleve., O., Trust.

&

& Bonds—

Stock, $'00,000 ($100)
1st mortgage, $500,000,

TERRE HAUTE,

Bonds— There is also a second mortgage for $150,000 of 6 p. c. bonds
fiven as collateral for loans by the stockholders, which amounted on

Mohawk Valley Ry., the Rome City

31, 1899.

railway and practically the entire eleotric-lighting plants
In Tampa and Port Tampa. Franchise is for 999 years from 1899.

Stock

SYRACUSE LAKESIDE & BALDWINSVILLE R Y--A trolley road.

Stock, $500,000, $100

in

Organization-

tire street

gold

STOCKTON ELECTRIC RR.-A trolley road.

Paul.-V. 63,

TAMPA, FLA.

TAMPA ELECTRIC CO.-Trolley.
Incorporated
Florida on Oct.

;

STOCKTON, CAL.

trolley road.

2,

p. 267.

ROAD—Owns b\

8urplus.

$105,486
100,415

Road— Owns and operates 57 30

STEUBENVILLE, OHIO.
STEUBENVILLE TRACTION & LIGHT CO.
—Gas, electrio and trolley.

STREATOR,

$348,946
331,316

$839,372
753,277

65-30 miles.

Railway

&

Charges.

$243,460
230,901

Net.

Gross.

year.

1903-04
1902-03

RICHMOND LIGHT & RR. CO-STATEN ISLAND MIDLAND RRFor statement of these companies, see Stheet
June, 1904.

823

IND.

TERRE HAUTE ELECTRIC CO&

In 1904 the Terre Haute Electric Co. and the Terre Haute Traction
Light Co. were being consolidated. Detail?, however, were not

available in Feb., 1905.

Organization— Operates the street railway and electric-light plants
Haute and Brazil and an Interurban road connecting the two
cities. Also leases the Terre Haute Traction & Light Co. for 30 years
in Terre

1, 1903, and guarantees that company's $600,000 bonds,
principal and interest. Franchises expire in 1938.
Outstand'g.
Maturity.
Date,
nlerest.
Stock
Bonds—
Stook $1,000,000 ($100)
$1,000,000
T.HElec. 1st M., $1,-, J 1899
5 g. J-J
1,500,000 July 1, 1929
500,000 g.($l,000)c* ( Int. at Bost. Safe Dep. & Tr. Co., Boston, Trus.
The Union Trust Co. of Indianapolis and the Boston Safe Deposit <fe
Trust Co. are joint trustees of the mortgage.
Earnings -For year ending Dec. 31, 1904, gross, $569,429; net,
$200,424; charges, $113,873; surplus, $86,551.
Road— Operates (including Terre Haute Trao. Lt. Co.) 5419 miles
of track In and between Terre Haute, Brazil and Knightsville, of
which 38'44 miles is owned.
OFFICERS— President, Wm. R. MoKeen; Vioe-Pres., J. G. McNutt;
Sec, John T. Beaslev; Treas., A. Stuart Pratt; Asst. 8ec, H. R. Hayes;
Mgrs. and Transfer Agents, Stone & Webster.— V. 78, p. 2013.

from July

&

&

(1)

TERRE HAUTE TRACTION & LIGHT CO.—

Organization.— Incorporated in Indiana in 1903 as Terre Haute
Elec. Trac. Co.; name changed to above in May, 1904. Is leased for
30 years from July 1, 1903, to the Terre Haute Elec. Co., whioli company guarantees its bonds, p. and i. Franchises expire in 1952.

STOCK & Bonds—
Common, $2,000,000

Date.

Interest. Outstand'g.

Maturity.

$2,000,000

($100)

1 ' 000,0 00

M

500 000
s
19 ° 3 5g. J-J
600,000 July 1, 1933
1st mt™""<Kfinnooo g
Terre Haut0 and
($1 oolfr guar p.&i'
t
T
o 1 Unlted 8tates Tr Co "
(!j>i,uou),
o£ state Street Tr. Co., Boston, Trustees.
Bonds Are subject to call as a whole or in part at par and interest
Interest is payable at the State Street Trust Co., Boston.
Road.- Operates a line of 1575 miles from Terre Haute to West
Terre Haute and from Torre Haute to Clinton.
Officers.— President. Buena V. Marshall; Vice-President, Findley
A. McNutt; Seo.G. F. Wells; Treas .A. Stuart Pratt; Gen. Mgrs. aud
Transfer Agents, Stone & Webster, Boston.— V. 78. p. 2013.

^U^.":.. ::.?

l??
m

,

?

-

'

-

"mmC

-

'

THOMPSON VILLE, CONN.RY -A
SPRINGFIELD ST.

HARTFORD
road.

trolley

.

&

Enfleld <fe Longmeadow
11, 1895), but in May,
as above, and to re-con

Organization— Was formerly known as the
Electrio Ry. (whioh was incorporated on Feb.
1901, stockholders voted to ohange the

name

—

J

STREET RAILWAYS.

824

struct and re-equip road. Connects with the Hartford St. Ry. in Hartford and the Springfield St. Ry. in 8pringfleld, Mass. In June, 1901,
purchased the East Windt-or Street Ry. Co. Francoises perpetual.
Controlled the Somers & Enfield Electric Rv. Co., which on Apr. 1,
Springfield Sr. Ry V. 78, p, 1446;
1904, was merged in the Hartford
also purchased the property of the Windsor Locks Trac. Co., subject
to its mortgage. In Jan., 1*905, intended to apply to the Legislature
for permission to increase stock to $1 ,000,000 from time to time, part
to be preferred, and also to extend time for construction until July 1,
1907. See V. 79, 2b97.
Maturity.
Outstanding.
Interest.
Date.
Stock
Bonds—
$500,000 1902-*03,2%
Stock, $500,000 ($103)
July 1,1921
600,000
5 g. JD *™,v^„„„o acnnnnnC 1901
g
Loan & Tr. Co., Boston.
00<?i «o$
,?A Int Payable at Am.
ifri.uuu), goiaf
o
Treasurer of Connecticut, Trustee.
£
July 1, 1924
Windsor I ocke, 1st M., ( 1904
161,000
5 g. J-J
$300,000, g.($l,000).^ Interest at American Loan & Tr. Co., Bosguar. p. and i
c*(ton.
Bonds See V. 7?, p. 1223. The Windsor Locks bonds are guaranteed, prin. and int., by the Hart. & Spring. St. Ry.; #139,000 are reserved for additions and improvements. Trustee is Treasurer of State
of Connecticut. These bonds are subject to call at 110 and int. on any
Interest date.
Earnings— For vear end. June 30. 1904: Gross, $81,033; net, $26,329; fixed charges and taxes, $32,650;deflcit, $6,321.
Roao— Owns 16 miles of track from State Line to East Windsor Hill,
which was formally opened on Jan. 15. 1902, and 7 857miles (formerly
Somers & Enfield Elec. Ry.) from Thompsonville to Somers. Also a
line from Suffield to a connection with the Hartford St. Ry., 9*2 miles.
Has trackage rights in Hartford and bpringfleld, making total mileage

&

&

-i

m

'

-

,

operated about 43 miles.

60 and

70-lb.

T

rail.

34

cars.

Officers—Pres., Philip L. Saltonstall, Boston; Sec, Arthur Perkins,
Hartford; Treas., Chaunoey Eldridge, Boston.— V. 78, p. 1223, 1446;

TOLEDO, OHIO.

TOLEDO RAILWAYS & LIGHT
Map on page 825.)

road.— (See

CO--A

trolley

Organization—Incorporated In Ohio on July 1, 1901, as a reorganization of the Toledo Traction Co. On Aug. 9, 1901, the new company
took formal possession of the property, whioh comprises all the street
railways in Toledo; also all the electric lighting and power business of
the city. Also owns entire capital stock of Maumee Valley Rys.
In Sept., 1902, stock was listed on

&

New York

Stock Exchange.
Maturity.
Date. Interest. Outstand'g.
Stock
Bonds—
Stock, $1,2,000,000
$12,000,000
New consolidated mort-) 1901 4 g. J-J
4,020,000 July 1,1909
gage ($1,000), g., $12,- } U. 8. Mtge. & Trust Co., N. Y., trustee.
000,000
o&r)Int. at Kean, Van Cortlandt & Co., N. Y.
ToLConsol. Street Railway) 1889
5 J-J
1,066,000 July 1, 1909
1st mortgage, ourrency, > Interest at Blair & Co., 24 Broad Street,
$1,000, c, 65 miles
New York.
>
Toledo Electrio Street Ry. ) 1892 5 g. F-A
Feb. 1, 1912
700,000
1st mort., 33 miles, gold, > Interest at Blair & Co., 24 Broad Street,
$1,000
o*> New York.
Tol. Traction oonsol. M., ) 1896
5 g. J&J 4,234,000 July 1, 1909

&

$6,000,000g., ($1,000) o* 5 Interest at Guaranty Tr. Co., N. Y., Trustee.
Trac. consol. mort. 5s of 1896 for $6,000,000 cover
all the railway, subject to the divisional liens of $1,766,000, and are
a first lien on the new Central Station and other realty they are subject to call at 105 and interest at any interest date upon 30 days
notice. The bonds are further secured by the deposit of 1st mortgage bonds, $1,000,000 par value, and entire capital stock of Toledo
Consolidated Electrio Co., one of the constituent companies. The unissued bonds of the Toledo Traction Co. have been canceled. Of the
Toledo Rys. & Light Co. mortgage for $12,000,000, $6,000,000 are
reserved to retire all of the underlying bonds and $1,980,000 are re
served for improvements, $833,000 of which are certified and held in
company's treasury against 75 p. o. of actual cost of betterments and
extensions made. They are subject to call at 102*2 and interest on
any interest date after 30 days' notice.
1904.
1903.
1902.
REPORT— Tear end Dec. 31.

Bonds— The Tol.

;

Gross earnings
$1,752,834
Operating expenses and taxes..
923,209

$807,268
488,200

$732,312
459,037

$329,750

8urplus

$1,459,091
726,779

$829,625
499,875

Net earnings
Fixed charges

$1,663,794
856,526

$319,068

$273,275

Road— Operates 117 miles of track. Has 397 cars. On Jan

1,1905,

was supplying 1,265 city aro lamps and current for 138,270 incandescent lights and 5,468 H. P. motors.
Officers— Chairman of Board, Albion E. Lang; President, H. A.

Everett, Cleveland; Vice- Pres. & Gen. Mgr., L. E. Beilstein; Secretary,
H. 8. Swift, Toledo; Treasurer, S. D. Carr.— V. 78, p. 340; V. 7y, p.
2087,2458; V. 80, p. 46y.

THE MAUMEE VALLEY RAILWAYS & LIGHT

CO. -Trolley.
Organization— Is a consolidation in December, 1902, of the Toledo
&, Maumee Valley Ry. and the Toledo Watervllle & Southern Ry. The
entire capital stock is owned by the Toledo Railways & Light Co.
(1)

STOCK

&

BONDS—

Date.

Outstand'g. Maturity.
Seetext.
5 g. M-8
300,000 Mar. 1, 1920
$300,000
Int. at Metropolitan Tr. Co.. N. Y. Trustee.
J
19 02 *% e- :?
500,000 Men. 1 1920
I
Morton Trust Co., New York, Trustee.
($1,000), gold.. . .c&r }
Bonds.— Of the new4i28, $300,000 are reserved to retire the thvt
5s of the Toledo & Maumee Ry. No sinking fund on the 413s, but
they can be called on or after Mar. 1, 1915, at par on 30 days' notice.
Interest payable at Kean, Van Cortlandt & Co.'s office, New York.
Road— Operates 22 miles of track.
Officers— President, R. H. Baker; Vice-Pres., E. J. Bechtel; Sec'y,
W. H. McLellan Jr.; Treas., C. T. Munz.— V. 75, p. 1354.

Stock, $1,000,000. ..
ToL & Maumee 1st mort.,

)

Interest.

1895

M

L^fls^M.llSoOO

TOLEDO URBAN & INTERURBAN RY.-

Trolley.

Organizaton— Incorporated in Ohio and leases the Toledo Bowling Green & Southern Traction Company lor 99 years from Jauuary 1, 1905, subj. ct to renewal, the rental being dividends on the
stock, in addition to fixed charges of one half per cent for the first
year, 1 p. e. for the second,
p. c. for tue third year, 2 p. c. for the
fourth, 2>« for the fifth and sixth, 3 p. c. for the seventh and eighth,
3Hs p. c. for the ninth and 4 p.o. for the tenth and eaoh year thereafter.
Date.
Interest.
Outstand'g.
STOCK
BONDS—
Maturity.
Stock, $1,000,000
(?)
1st mort., $1,000,000, g. > 1905
J-J
$600,000
Jan. 1, 1930
($500 and $1,000).... S Int. at Union Sav. Bk. & Tr. Co., Cin., Trust.
Bonds.— A si- king fund of $5,000 per annum becomes operative in
1907. Bonds may be called at 110 after 5 years.
'"
Road—Operates a lice from Toledo to Porrysburg, 10 miles, and
leases the Toledo Bowling;Green A Southern, 50 miles; total, 60 miles.
Operates over tracks of the Toledo Rys. & Light Co. in Toledo. Is
building a power house at Flndlay, costing $200,000, to operate the
6ntlre system.

m

&

[Vol.

lxxx

Officers —Pres., George B. Kerper, Cincinnati; Vloe-Pres , John
Kilgour; Sec. and Treas.. A. J. Becht; Ass't Sec, B. L. Kilgour.— V.
79, p. 271, 2148, 2458, 2797; V. 80, p. 713.
(1)

TOLEDO BOWLING GREEN & SOUTHERN TRACTION.—

trolley road.
to the Toledo Urban <fe Interurban Ry.,
Incorporated in 1901 as a consolidation, by purchase, of the Findlay St. Ry.. the Toledo Bowling Green & Fremont
Ry. and the Hancock Light & Power Co. of Findlay, O., furnishing
5,000 incandescent lights and 400 arc lights. The Franklin Bank of
Cincinnati offered the b nds for sale in May, 1901.
Date Interest.
Outstand'g.
Maturity.
STOCK & Bonds—
Stock, $1,500,000
$1,500,000
Seetext.
May 1, 1921
1st mort., $1,500,000,) 1901 5 g. M-v
1,223,500
gold, $1,000, $500
$ Int. at Central Tr.A Safe Dep.Co.,Cin.,Trust.
1895 5 g. M-N
Find. St. 1st. M., $150,150,000
May, 1911
000, gold ($1,000), not Int. at Central Trust & Safe Deposit Co., Cin-

Organization—Is leased

which see above

'

cinnati, O.
1899 5 g. J -D
125,000 Deo. 1. 1924
Find. St. 1st con.
Central Tr. & Safe Dep. Co., Cinoin., Trust.
gold
$125,000,
(interest at Metropolitan Trust Co., N. Y.
Bo7ids.—Ot the new $1,500,000 mortgage, $275,000 are held to retire

subject to call

M

underlying

liens.

&

ROAD—Gap connecting

Bowling Green Division with
the Toledo
the Findlay Division was completed Jan. 12, 1902, thus making a direct line of 50 miles from Toledo to Findlay; 60 lb. and 72 lb. T and
girder rails. Owns 30 passenger and 3 express oars.
Report— For year ending Deo. 31, 1904: Gross, $279,359; net
$110,869; charges, etc., $78,676; surplus, $32,193.
OFFICERS— President, George B. Kerper, Cincinnati; Vice-Prest.,John
Kilgour; Treasurer, A. J. Becht; Secretary, J. A. Bope, Findlay; Gen'l
Mgr., Charles F.Smith, Findlay— V. 79, p. 271, 501, 2148, 24i:8, 2797.

TOLEDO FOSTORIA & FINDLAY RY.-

V. 79, p. 2697.

Lt.

A

!

Organization— Incorporated in 1900 to build an electrio railway
connecting the cities named in the title, a total distance of 50 miles.
In Aug., 1901, the road between Fostoria and Findlay, 17 miles, was
put in operation. In Feb., 1904, it was announced that the project to
build into Toledo had been abandoned. V. 78, p. 704. Capital stock
authorized, $1,500,000; outstanding, $450,000; bonds $1,500,000, of
which $450,000 are outstanding. Cleveland Trust Co., Cleveland,
trustee.

OFFICERS— Prest., J. E. Reeves, Canal Dover; Vice- Pres.. F. W.
Adams, Fostoria; Sec and Treas., A. J. Krantz, Canal Dover— V. 72, p.
481; V. 73, p. 392; V. 78, p. 704.

TOLEDO & INDIANA RY--A trolley road.

Organization.— Incorporated under the General Railroad Law in
Ohio, June 15, 1901, to build an electrio road extending from Toledo
westerly to Bryan, a distance of 55 miles, over private right of way; 33
miles completed to Wauseon. An extension to Fort Wayne, Ind., is proLight Co.
posed. Enters Toledo over tracks of the Toledo Railways
On June 16, 1903, the shareholders voted to reduce the authorized
bond issue from $30,000 to $25,000 per mile. V. 76, p. 1356.
Date. Interest. Outstanding.
Maturity,
STOCK
BONDS—
8took, $2,500,000 ($100)
$2,^00,000
1902 5 g. J-J 1,500,000 Jan. 1, 1928
i a t mn.^™«icKnnnft)
«l«!ffi **f,000), g...c&r > Security Trust Co., Toledo, Trustee.
($500 &$1 nnnV » °£22 $ Intere8 J ayaDle ii Toledo and N. Y.
p
Bonds oan be called at any time at 105 and accrued interest upon
30 days' notice. Interest begins to aocrue from Jan. 1, 1903.
Officers.— Prest., J. M. Longnecker, Delta, O.; Vioe-Prest., Geo. G.
Metzger; Seoretary, C. H. Masters. Toledo; Treasurer. Geo. B. Boone,
Toledo. -V. 75, p. 982; V. 76, p. 1356; V. 77, p. 770; V. 79, p. 1463.

&

&

TOLEDO & WESTERN

RY.- An electrio railroad.

in Ohio

Organization.— Hioorporated

on Deo.

26, 1899.

Carries

freight as well as passengers.

STOCK

&

Date.

BONDS.

Outstand'g.

Interest.

Stock, $1,800,000, $100

Maturity.

$1,800,000

5g. J-J
1,250.000 July 1, 1926
Cleveland Trust Co., Cleveland,
called
) Trustee, or Nat. B'k of Commerce, N. Y.
ROAD.— Owns 81 miles of track, from Toledo to Fayette and Pioneer,
Ohio, with branoh to Adrian, Mich. Has traokage agreement with Toledo Rys. & Light Co. allowing its cars to enter Toledo; 95 p. c. private
right of way, except in cities. Rails, 60 lb. T.
Earnings— For year ending Dec. 31, 1904, sross, $222,005; net,
$88,490; fixed charges. $80,826; surplus, *7,664
OFFICERS-— Pres. and Treas., Luther Allen; Vloe-Pres., J. R. Seagrave; Sec, F E. Seagrave; Asst. Sec, E. Bingham Allen; Auditor,
C. E. French; Gen'l Man., C. F. Franklin.— V. 77, p. 770; V. 79, p. 213.

lstM.,$l,250,000,g.($l,000)) 1901

no

(

i

)

sink, fd.,

and cannot be

>

Int. at

TOLEDO FAYETTE & WESTERN RY.— An electrio railroad.

Organization— Incorporated

in Ohio.

Stock

all

held by Toledo

&

Western Ry. Co.

Stock

&

BONDS—

Date.

Interest.

Outstanding.

Maturity.

$250,000
July 1, 1927
5 « J J
250,000
First mort^aee «250-> 1902
<w> gold ($1,000) c ? In t. at Cleveland Trust Co., Cleveland, trustee.
ooo, ™M,*i(vin?A.
or at Nat 1 Bank of Comm e r oe, New York.
^
Bonds— No sinking fund, but bonds are subject to call on and after
July 1, 1912, at par and accrued interest. Are guaranteed both as to
principal and interest by the Toledo & Western Ry.
Road— Runs from Fayette to Pioneer. 14 miles, which is included
In the mileage of the Toledo & Western Ry. above. Standard gauge
8tock, $250,000 ($100)

"

,

60-lb.

T

rail.— V. 75- p. 1255.

TOPEK^

TOPEKA, KAN.

RAILWAY-Trolley.

In 1903 the entire stock and bonds were acquired by a syndiof Chicago and Topeka capitalists. See V. 76, p. 866.
cate compos
In 1903 ab? rbed the Vinewood Park Ry., whioh threatened competition, and
ade a new mortgage for $1,250,000. On June 6, 1903, obtained a ne (v 30-year franchise, running from that date, with the provision that $400,000 be expended within three years on the system.
Also has secured franchises in perpetuity on county roads now occupied, with privilege of hauling freight. City agrees never to reduoe
rates to where company will earn less than 10 p. c on stock. The city
is to receive 10 p. c. of earnings remaining after 10 p. o. has been
earned. Upon expiration or franchise city lias the right to acquire the
property, but not before. V. 76, p 886,1302.
Interest. Outstanding.
Maturity.
Dale.
Stock
Bonds—
$1,250,000 f.p
Stock, $1,250,000 ($100)
950,000 Jan. 1, 1929
5g. J-J
1st mortgage $1,250,000 J 1903
Trust Co.,Chioaeo, Trus.
(Int. at Am. Sav.
gold
Earnings— For calendar year 1904. gross, $218,000; net, $97,000.
Road— Owns 35 miles of trolley; 70, 75 and 80-lb. rail
OFFICERS— President, E.W. Wilson. Pekin, 111.; Vloe-Pres. AGen.Mgr.,
L. E. Myers, Chicago; Secretary and Treasurer. F. G. Kelley; Auditor,
E. C. Flowers; Supt., A. M. Patten.- V. 76, p. 866, 1302; V. 80, p. 601.

&

&

TORONTO, CANADA. road.
THE TORONTO RAILWAY-A by purchase the
1892 and acquired
Incorporated
trolley

Organization—

in

old Toronto City Street railways

and the exclusive privilege

to

work

Feb., 1905. J

STREET RAILWAYS.

825

J

V

>

STREET RAILWAYS.

826

street railways In the city of Toronto for a term of 30 years from September 1, 1891 (with the exception of two small reservations In the Act
which are believed to be of no Importance), a privilege which has sinoe
been ratified by Act of the legislature of Ontario. In October, 1902,
stock was increased to $7,000,000, for the purpose of taking over the
York Radial Rv.
Metropolitan Ry. Co. Also owns the Toronto
Guarantees that company's bonds, principal and Int.
79, p. 1463.
Payments to the City— As to annual payments to tbe city, see supplement of May, 1898. Paid to city in 1903 $238,839; in 1902, $255,551.
Outstand'g. Last div., etc
Date,
Interest.
Stock
Bonds—

&

&

6

00

*"

I
$100)*. .? : .
Toronto' St.Ry.debenB." 1881
1st M., $4,550,000 $&£$ 1892
.

$35,000

p.

m

c*

I

V

$7,000,000 f. p. See text.
600.000
July 1,1914
3,013,373 Aug. 31, 1921

6 J4i3g.IT

T'stees, G. A. Cox, To'nto, & R. B.

Toronto* York Radial) 1904 5

g.

A-O

$250,000

Angus, Mont
Oct. 1, 1919

National Trust Co Ltd., Toronto, Trustee
) Int. at Bank of Montreal, ToroDto and N. Y.
ff Interest and principal on sterling bonds payable Feb. 28 and Aug.
31 at Bank of Scotland, Lothbury, London, E. C. Five per cent of
bonds can be called at par from 1911 to 1920.
Dividends—In 1898, 4 per cent; in 1899, 4 per cent; in 1900, 4 per
cent; in 1901, 4^ p. c. (extra dividerd of H p. c. in Oot., 1901); in
1902, 5 p. c; in 1903, 5 p. c; in 1904, 5 p. c; in 1905, Jan., 1»* p. c.
Sinking Fund The company is obliged to redeem 5 per cent of its
total bond issue by drawings at par yearly from Aug. 31, 1911 to 1920.
Bonds—The 1st M. covers entire property, subject to payments due the
city and the debentures, to retire which $600,000 firsts are reserved.
Road— Operates 112 miles of track, of which 12 miles controlled;
70-lb. girder r<*ils. Owns 706 oara, of which 484 are motor oars.
Report— For year ending Dec. 31, 1904, in V. 80, p. 470.
Net.
Charges. Dividends.
Pav'g.
Surplus.
Gross.
1904.. .$2,444,534 $1,020,354 $394,393 $334,010 $73,873 *$218,078
971,265 342,101 326,548
71,986 *230,630
1903... 2,172,088
1902... 1,834,908
819,547 313,104 302,439
70,274
133,730
* From this sum $200,000 was dedacted In 1904 and $50,000 in 1903
and credited to a contingent account. Revenue passengers In 1904,
60,127,460; transfers, 20,480,270.
Officers— President, William Mackenzie; Vice-President, Frederic
Nicholls; Manager, Robt. J. Fleming; Secretary and Treasurer. J. C.
Grace.-V. 76, p. 263; V. 78, p. 341. V. 79, p. 271, 1463; V. 80, p. 164,

Ry. 1st M. $800,000,
g. ($1,000) guar

V

,

—

4TO.

TORRINGTON, CONN.

TORRINGTON & WINCHESTER
organization— Incorporated March

erated from July

1,

1897.

Stock & Bonds—
Common, $930,000 $100

ST.

Date. Interest. Outstanding.

Maturity.

$200,000
70,000
5%, $70,000 $100
mortgage, $150,000, J 1897 5 g. J-D 150,000
1st
Deo.1,'17
gold
c*(Int.atHurlburt Nat. Bk., Wlnsted, Conn.
Trustee of the mortgage is State Treasurer of Connecticut.
Road— Torrington to Wlnsted, 13 miles of trolley, of which 10 miles
built on private right-of-way.
Earnings— For year ending June 30, 1904, gross, $53,622; net
$21,598; interest and taxes, $11,708; surplus, $9,890.
Officers— President, James AUdis, Torrington; Vice-Prest., George
Pref.

B. Alvord, Torrington
sted.

General

offices,

Secretary & Treasurer,
Wlnsted, Conn.

TRENTON,

NEW JERSEY

N.

Herman, Wln-

A.

S.

;

Organization.— Incorporated in New Jersey on Nov.

11, 1901, and
Princeton RR., the
Trenton Lawrenceville & Princeton Extension RR., the Princeton St.
Ry., the Yardley Morrisvllle & Trenton Street Ry., the Newtown &
Yardley Street Ry. and the Trenton City Bridge Co.
Interest.
Outstanding. Maturity.
Date.
Stock & BONDS—
Stock, $500,000 ($100)
$500,000
1st Mtge., $3,000,000, > 1902
4g. M-N
1,000,000 Nov.1,1932
gold ($1,000)
c* S Int. at Trenton Tr. & Safe Dep. Co., Trustee.
Bonds.— Bonds are subject to call on 60 days' notice at 110.
Road— Comprises 26 miles of track from Trenton to Princeton, N. J.,
and from Trenton to Newtown, Fa,., via Morrisville and Yardley.
Gauge, 4 ft. 8^ in. and 5 ft. 2*s in.; 70 and SO-lb. T-rail; 90-lb. girder.
Earnings for year ending De". 31, 1904, gross, $96,453; net, $37,625;
other income, $228; total inc., $37,853: interest, $33,'* 00; sur.. $4,453.
Is

a consolidation of the Trenton Lawrenceville

&

Officers.- President, C. M. Bates; Sec. and Treas., C.M.Walter,
Manager, G. R. Mitchell.—V. 75, p. 185; V. 79, p. 2206.
(1

)

TRENTON NEW HOPE & LAMBERTVILLE

ST.

RY.—Trolley.

Organization— Incorporated in Pennsylvania in Decembor, 1903. Is
controlled by the N. J. & Penn. Traction Co. through stock ownership.
Date. Interest.
Stock & Bonds—
Outstand'g.
Maturity.

Stock, $400,000 ($50)
$400,000
1st mortgage. $400,000, $ 1904 5g. F-A
400,000
Aug. 1, 1934
gold ($1,000)
c*<fer (Int. at Trenton Tr. & 8. D.Co., Trent., Trust.
Bonds are subject to call at 110 on 60 days' notice. Are guar., p.
and i., by the N. J.
Penn. Traction Co.
Road- Is to operate 12 miles of track from Yardley, Pa. (where It

&

connects with the N.J. & ±-enn. Traction Co.), through New Hope, Pa.,
to Lambertville, N. J. Is expected to be completed by May 1, 1905.
Gauge, 5 ft. 2^ in.; 80-lb. T and 85-lb. girder rail.
Officers— Pres . T. s. Cadwallaier; Sec. and Treas., V. D. Bates;
Mgr., J. G. Honecker. V. 79, p. 2207.

NEW JERSEY SHORT LINE RROrganization.—
owned by
New
Entire stock

the

is

phia Co.

York-Philadel-

&

Pate.
STOCK
Interest.
Outstanding. Maturity.
Bonds.—
Stock, $3,000,000 ($100)
$2,100,000
1st niort., $2.^00,000 g. ) 1904
5 g. A-O
1 .750,000
Apr. 1, '34
($300 and $1,000) .... Finance Co. of Penn., Phila., Trustee.
Bonds —No sinking fund and are not subject to call. $750,000 are
reserved for the acquisition of additional properties.
<,

Road.— Is constructing a double track road 20

miles in length (40

miles of track) on private right of way, from New Brunswick, where
connection is made with the Trenton
New Brunswick RR., to
Elizabeth, where it connects with the Public Service Corporation.

&

NEW YORK-PHILADELPHIA CONew

in
Jersey, and owns the entire
capital stock of the Trenton & New Brunswick RR. and the N. J. Short
Line RR. and a majority of the stock of the Camden & Trenton Ry.
Date.
Interest.
Stock
Outstand'g.
Bonds.—
Maturity.

Orqanization— Incorporated

Stock

&

1st trust mtge., $1 ,000,000, >, Qn gold ($500 & $.00).... .\

(?)

-„ w »
5K-F-A

TRENTON & NEW BRUNSWICK RR.-TroUey.
This
company,

in conjunction with the Publio Service Corporation
Jersey, operates through cars between Trenton and Jersey
City (Penn. RR. Ferry). Connects at Trenton with the Camden &
Trenton Ry. for Philadelphia.
Organization— Incorporated in New Jersey on Dec. 10, 1901, under
the General Railroad Law.
Date. Interest. Outstand'g.
Maturity.
Stock
Bonds—
8tock, $1,000,000 ($100)
$1,000,000
1st mort.,$l,C00,000, gold) 1901
5g. J-J
1,000,000 Jan. 1, 1932
0* 5 Finance Co. of Penn., Phila., Trustee.
($500
$1,C00)
Bonds.— No sinking fund and cannot be called.
Road. Owns about 25 miles of standard-gauge track between Trenton and Ne-w Brunswick, over private right of-way.
OFFICERS.—Pres., W. A. Stern; Vice-Pres. and Treas., I. H. Silverman; Asst. Treas., L. R. Isenthal; Sec, A. W. From. OfHce, Princeton
Junction, N.
V. 78, p. 230; V. 79, p. 2087; V. i:0, p. 164.

of

New

&

&

—

J—

by the
TRENTON STREET RY.-Is controlled page.
& Transportation
which see on a preceding

Power

United

Co.,

TROY*

N. Y.

NEW ENOLAND RY.-A
Organization—

TROY

&

troUey road.

Incorporated Deo. 27, 1889.

Interest.
Outstand'g.
Stock and Bonds— Date.
Maturity.
8tock, $350,000 ($100)
$180,000
1st mtge., $160,000, ) 1895
5g. F.-A..
160,000
Aug. 1, 1945
gold, $500
5 Interest at office of company, Troy, N. Y.
Road— Total track, including sidings, 10 miles, standard gauge, laid
with 65-lb. rail, running from Albia to Averill Park.
Earnings— For year ending June 30, 1904, gross, $29,577; net,
$10,499; charges, $10,254; surplus, $245.
OFFICERS— President, Edw. F Murray; Sec'y-Treas., R. C. Bull;
Supt., A. N. Bentley, all of Troy, N. Y.

Organization— Chartered July 5, 1889.- Stock, $100,000; 1st mortgage, 5s, gold, J-D, $100,000, due June 1, 1918. Interest is payable
in New York at Knickerbocker Tr. Co. Operates about 9 miles of road,
Including an extension to Holt, Ala.
OFFiC^RS— Pres.,Jno.K.Ober, Baltimore, Md.; Vice-Pres., Rob'tOber,
Balto.; Sec, Henry Fitts, Tuscaloosa; Treas. and Supt., F. W. Monnish.

UTICA,

N. Y.

MOHAWK VALLEY RY-Trolley.
UTICA & control of this road and the Rome City Ry., the
In July, 1904.
St.

Syracuse Rupid Transit Ry. and the Oneida Ry. Co was obtained by
the N. Y. Centra RR., and it is proposed to consolidate these and
possibly other properties. V. 79, p. 735
Org an ization— Chartered on Nov.27, 1901, as a consolidation of the
Suburban Ry., tbe Frankfort
Dtlca Belx Line St. RR., the Utica
& Utica St. Ry., the Little Falls <fe Herkimer Street Ry.. the Utica <fc
Mohawk RR., the Deerfield & Utica RR. and the Herkimer Mohawk
Ilion <fe Frankfort Elec. Ry. V. 73, p. 1209. Leases a portion of the
Utica Clinton <& Binghamton RR.at a rental of $15,000, the lease being
dated 1886 and running 99 years. Franchises perpetual.
Date. Interest. Outstand'g. Maturity.
STOCK AND BONDS—
Stk.,com. ($100) $6,250,000
$6,250,000
Stock, pref., 5% n. c, $2,»*nnnm
A-oo.oto
°
\
500,000 ($100)...
Mo. Val. 1st M., )
1901 4^g.M.S 2,268,000 Sept. 1,1941
Utioa
Trust
$4,000,000, g. ($1,000) £ Interest at New York Seourity
cannot be called. ) Co., Hew York, Trustee.
c*
1889 5 M-N
Utica Belt 1st M., $500,-)
500,000 Nov. 1, 1939
$Int. at N. Y. Sec
Tr. Co.. N.Y., trustee.
000, gold ($1,000)
M. $200,)
1891
5 J-J
Utica Belt 2d
39,000
Jan. 1, 1931
Tr. Co., N. Y., Trustee.
c 5 Int. Pt N. Y. Sec
000 gold ($500)
Frankfort)
1895 5g. J-J
Herk.,Mo.,Il.
150,000 May 1,1925
c*< Int. at Farm. Lo. &Tr. Co., N.Y., Trustee.
M., gold ($1,000)
Bonds.— Of the new $4,000,000 mortgage, $689,000 are reserved for
underlying liens, and the remainder ($1,043,000) for future additions
at the rate of 75 per cent of cost, but only when net earnings for preceding year amount to double the interest charge on all bonds, including
those to be issued. V. 73, p. 1265. The $161,000 unissued 2d mort.
bonds of Utica Belt Line have been canceled.
ROAD—The consolidated road owns and operates about 109*39 miles
of track. Runs from Utica to Rome from Utioa to Little Falls from
Utioa to Clinton and to New York Mills. Double track, 80-lb T and
95Tb. girder rail. Connects at Mohawk with the tracks of the
Oneonta Cooperstown & Richfield Springs Ry.
REPORT— For years ending June 30:
Surplus
Cross.
Net.
Charges.
Year—
Oth. income.

&

J.

PENNSYLVANIA TRAC-

&
TION CO.—A trolley road.

Bonds.— Are redeemable at any time at 105 and interest.
Road.—The companies controlled (upon completion of the New Jersey Short Line) will own a through line from the Philadelphia Ferry
at Camden 'o Elizabeih, where connection will be made with the Pub
Ho Service Corporation.— V. 80, p. 712.

TUSCALOOSA, ALA.
Re- TUSCALOOSA BELT RAILWAY-A steam road,

1897 under special act. OpServes a population of about 20,000.
3,

[Vol. lxxx.

nnn
$250,000
<vn*n

i«ok
1935

&

&

&
&

&

;

;

$232,075
$167,845
$68,103
$3,873
250,684
147,679
105,915
2,910
OFFICERS—President, Horace E. Andrews, Cleveland; 1st Vice-Pres.
John J. Stanley, Cleveland; 2d Vice Pres., Alden M. Young; Treas.
Charles B. Rogers, Utica; Secretary, Walter N. Kernan, Utioa; Gen.
Man., O. Loomis Allen.— V. 79, p. 271. 735; V. 80, p. 223.

1904
1903

$724,938
619,066

VICKSBURG, MISS.

VICKSBURG RAILWAY & LIGHT
trolley road controlled by the Southern Electric Securities

CO--A.
Co.,

which

owns $375,000 of the capital stock and $32,000 of the bonds.
Organization— Incorporated In Mississippi in May, 1903.
Date. Interest.
Outstand'g
Maturity.
Stock & BONDS—
$500,000

Stock, $500,000, ($100)

305,0^.0
5g. J J
1st mortgage, $500,000, J 1903
0* (Inter-State Tr.&Bkg.Co.,
gold, ($1.000).

1933

New Orl., Trustee.

Bonds— Int. payable at New Orleans and New York. No sinking
fund and bonds are not subject to call.
Earnings.— For year ending June 30, 1904, gross, $110,498; net,
after taxes, $26,121; interest, $15,250; surplus, S10.S71.
ROAD.— Operates 7 miles of track. Standard guage. 45-lb. T rails.
OF ICERS.— Pres. and Mgr., S. S. Bullis; Vice-Pres., S. R. Hughes;
Sec, M. D. Landan; Treas., B. W. Griffith.— V. 79, p. 105.

WABASH,

IND.

THE WABASH & ROCHESTER
Indiana June
Incorporated
Organization—
road from Wabash
business.

in
to Rochester, Ind.

To

RY.

CO-

27, 1901, to build a
do both passenger and freight

STREET RAILWAYS.

Feb., 1905.]
Date.
Stock & BONDS—
Common. $675,000 (*100) ....
$225,000 ($50) ....
Pf. n.C 4%
let M.

$900,000 ($1,000

&$500),gold

)

Interest.

1904 5

Outstanding.

....
....

$113,000
25,000
87,000

g.

J-J

when completed about 76 miles.
V. 77, p. 148, 2391; V. 80, p. 118, 224.

Jan.

1,

sinking fund and bonds not subject to call. V. 78, p.
The company has bad subsidies voted amouuting to $110,000.
Road—Now under construction to be 40 miles, including sidings;
private right of way except in cities and towns. Franchises 50 to 99
years. Standard gausje, 70 lb. T rails, in cities girder rails and ties.

Bonds— No

OFFICERS-Pres., Chas. Craine, Geneva, O.; Vice-Pres., P. E. Wilcox,
Geneva, O; Sec. E. S. Pratt, Scranton, Pa, Treas., C. E. Barnum,
Cleveland, O.-V. 78, p. 822, 1551.

WACO, TEXAS
trolley road.

Organization— Incorporated in Texas February, 1877.
Date. Interest. Outstand'g.
STOCK & Bonds—

Maturity.

$350,000
350,000

Stook, $3">0.00O
1st M, $350,000, currency.

Oct. 1, 1910
1890 6 A-O
Louis Union Trust Co. of St. Louis, Mo., Trustee^
Operates about 19 miles of track. Pres. and Gen. Man., H. C. Soott;
Sec, T H. Stuart; Supt., W. S. Rathell V. 66, p. 84; V. 77, p. 2035.
St.

—

.

WASHINGTON,

D. C.

WASHINGTON RAILWAY & ELECTRIC.
Street Railway Section

For statement of

this

company, see

of

June, 1904.

BALTIMORE & WASHINGTON TRANSIT.-

Organization.— Operates a trolley road extending from Takoma
to Glen Sligo, 2 miles, opened Sept., 1897, and by a traffic agreement
with the Brightwood Electrio runs cars into Washington, where transfers are given to city lines. Extension proposed to Sandy Spring, Md.,
14 miles. Stock, $100,000; par, $50. First mortgage 5s, $500,000,0"
($500), of which only $50,000 has been issued; interest A-O; balance
can only be Issued upon completion of extensions and double-tracking.
Maryland Trust Co., Baltimore, Trustee.
Mellen, Washington; Vice
Officers— Pres. and Manager, Wm.
Pres., Henry W. Williams, Baltimore; Sec. and Treas., Geo. Schedel,
Baltimore. Office, Washington, D. O.

A

TRACTION.—An underground trolley road.
CAPITAL m the
of 1895 absorbed the Washington &
Organization—
Creek companies. See V.
588.
fall

Georgetown and Rook

61, p. 283,328,
Outstanding.
Maturity.
Text.
$12,000,000 Jan.,'05,l 14%
8tk,$12,000,000 ($100)
4 A-O
1,080,000 Apr. 1,1920
New 1st M. ($500), $1,-) 1900
500,000
SNat. SafeDep. Sav. &Tr. Co., Wash., Trustee.
Bonds.— $100,000 has been set aside as an insurance fund and is included in the $1,080,000 reported above as outstanding, interest being
paid upon these bonds.
Dividends—Jn 1898, July 1, 75 cents; Oot. 1, 75 oents; in 1899, 4
dividends of 75 cents each; in 1900, 3% p. c; in 1901, 4 p. c; in 1902,
Jan. 1 p. c; Apr., 1 p. c; July, 1 p. c. and on Aug. 20 an extra dividend of $4 per share was paid from proceeds of sale of old power
house. Oct., 1 p. c; in 1903, 4% p. c; in 1904, 5 p. c; in 1905, Jau.,

STOCK

1>4 p.

&

Bonds—

Date.

Interest.

c.

Road— Underground trolley

(since April, 1898), double track, 17*98
Operates 272 closed, 258 open, 49 other cars; total, 579 cars.
EARNINGS— For years ending Dec. 31: Report for 1904 V. 80, p. 471.

miles.

1903.
1901.
1903.
1904.
Gross
$1,517,372 $1,413,312 Charges. &o ..$137,188 $114,187
Dividends
822,374
600,000
600,000
883,665
Net
129,928
18,718
21,741 Surplus ....... 165,195
Other inc.
President, G. T. Dunlop; Vice-President, C. C. Glover;
OFFICERS—
Sec. and Treas., C. M. Koones: Chief Engineer and Supt., D. S. Carll.—
V. 77, p. 768; V. 78, p. 583, 1219; V. 80, p. 471.
I

|

I

|

WASHINGTON ALEXANDRIA overhead outside
trolley
NON RY- UndergroundDate. in Washington; & MT. VEROulsland'g. Div.&Matur
BONDS—
STOCK

&

Interest.

J.-J. $500,000 Jan.,'05,2ia%
Stock. $500,000 (par $50)
1895 5 g. F.-A.
700,000 Aug. 1, 1925
1st mort., $750,000, gold.
Interest at Real Estate Trust Co. of Philadelphia, trustee.
Dividends.— On Feb. 1, 1903, 2 per cent was paid and 2 p. o. was
again paid on Aug. 15, 1903. In 1904, 5 p. c. In 1905, Jan., 2>a p. c.
Earnings.— Year ending Dec. 31, 1904, gross, $246,491; net, after
taxes. $112,309; int. and rentals, $46,500; dividends, $25,000; bal.,
surplus, $40,809.
.

Road.— Operates from Washington, D. C, (lS^

&

Pennsylvania
Ave.) to Mt. Vernon, 17 miles; extensions to Arlington Cemetery and
Rosslyn, Va., etc., 8 miles; total track, 25 miles; girder and T rails.
OFFICERS.— Prest., Clarence P. King; V.-Prest. and Treasr., James S.
Swartz; ^eo. .Frank K. Hippie; Supt., J. Collin. Office, Mount Vernon,
Va.. and Washington D.
V. 74, p. 1198; V. 77, p. 402.
St.

C—

WASHINGTON ARLINGTON & FALLS
road.
CHURCH RY--A1902 as the successor of the Washington
Chartered 1894-6-8 and
trolley

a-

Arlington Ry.

Stock, $100,000; bonds, $100,000 1st 6s, gold, int.
J&.I. $350,000 consol. mortgage 5s have also been authorized, of
which *1C0,000 are to retire the first 6s and $250,000 for extensions,
of which latter amount $170,000 was outstanding Dec. 3V, 1904.
Owns Aqueduct Bridge to Fort Myer, Arlington National Cemetery,
Corbetts and Nauck, 4*4 miles; also to West End and Falls Church.
Va., 75. An extension from West End to Vienna and to Fairfax Court
House (about 16 miles) was put in operation Dee. 13, 1904. Total
trach, about 28 miles. Standard-gauge and steam RR. track. Rails
56, 60 and 62 lbs. Twenty-four passenger and 8 freight oars. President,
C. 8. Hinchman; Vice-Pres. and Gen'l Mgr., F. B. Hubbell; Sec. and
Treas., C. R. Hinchman.

WASHINGTONRY-— An
road.
ELECTRIC BALTIMORE & ANNAPO-

LIS

electrio

On July 12, 1903, James Christy Jr. of Akron, Ohio, and Geo. WWilliams of Baltimore were appointed receivers on petition of the
Cleveland Construction Co. In Jan., 1905, it was reported that road
had been acquired by Geo. T. Bishop and John Sherwln of Cleveland,
who would organize a new company with $3,000,000 stock, $2,000,C09
Of first mortgage 5 p. c. bonds and $1,000,000 of second mortgage 5
p. c. bonds.
See V. 80, p. 224.
Organization— Incorporated in Maryland in May, 1901. In Dec,
1902, purchased the entire capital stook ($358,000) of the Annapolis
Washington <& Baltimore RR. V. 75, p. 1301. For syndicate arrangement regarding latter, see V. 76, p. 595.
Date.
Interest. Outstand'g.
Maturity.
STOCK
Bonds—
Stock, $2,000,000
$1,400,000
1st mort., $2,000,000) 1901
July 1, 1921
6 g.
1,200,000
gold ($1,000)
Guardian Trust Co., Cleveland, Trustee.
S
Bonds are not subjeot to call.
ROAD— Is to operate 31 miles of road between Baltimore and Washington, with a branch, 14^ miles single track, to Annapolis, Total

&

WASHINGTON,

1934

1551.

CITIZENS' RAILWAY.-A

About half has been graded.—

track

Maturity.

Int. at Cincinnati Tr. Co., Cinn., Trustee.

c* 5

827

PA.

WASHINGTON & CANONSBURG
road.

RY.-A

trolley
2,

Organization.—Incorporated in Pennsylvania. Successor on June
1902, to the Washington Electrio Street Ry. Controls the Washing-

ton

& Eastern St.

&

Franchises perpetual.

Ry.

BONDS—

Interest.
Outstand'g.
Dale.
Maturity.
$1,000,000
Stock, $1,000,000, $50
125,000
5 g.
Feb. 1, 1927
Wash. El. St. Ry. 1st M. 1897
525,000
5 g. J-J
July 1, 1932
1st mort., $650,000, > 1902
cfer ( Int. at North Am. Sav. Co., Pittsburg, Trustee.
gold
Bonds— A sinking fund of $5,000 per annum becomes operative after
5 years; $1 25,000 of the new bonds are reserved to retire the bonds of
the Washington Electric Bt. Ry.
EARNINGS— For fiscal year ending June 30, 1904, gross, $90,615;
net, $47,665; charges, $23,369; balance, $24,296.
Road—Operates 12*3 miles in and between Washington, Tylerdale

STOCK

and Canonsburg.
OFFICERS.— PresidentjFranois J. Torrance; Vice-Pres., Arthur Kennedy; Sec and Treas., W. C. Hagan, Auditor, R. L. McCance. all of
Pittsburgh; Gen. Mgr., R. R. Reed, Washington, Pa.— V. 79, p. 905.

WATERLOO, IOWA.
WATERLOO CEDAR FALLS & NORTHERN
RY.—Trolley and steam.
&

Cedar
ORGANIZATION.— Incorporated in Iowa in 1895 as Waterloo
Falls Rap. Transit; name changed to at>ove in 1904 by amending articles of Incorporation. Operates In close connection with the Chicago
Great Western RR. under 99-year uoo tract
V. 78, p, 289. On Jan.
1, 1904, leased branch of Chic Gt. West., Sumner to Waverly, la.
Date.
Interest. Outstand'g.
Maturity
BONDS—
STOCK
$600,000
Stock, $1,200,000 ($100).
5g. A.-O.
600,000
See text
1st mtge., $800,000, gold, > 1902
o*5 Northern Trust C o., Chicago, Trustee.
($1,000)
Bonds.— Bonds mature serially as numbered, $15,000 on Oct. 1,
1907, and $15,000 each year till 1921; remainder Oct. 1, 1922. Redeemable on any interest day on 60 days' notice at 1 03 and interest
Interest is payable at First National Bank, Chicago.
tfet.
Int. <& Taxes. Surplus.
EARNINGS—Yr. to Deo 31. Gros*.

&

$90,772
86,424

$17,500
$25,S86
17,500
22,726
Operates 89 miles of track, inoludlng an extension of 33
miles to Sumner, completed In Oct. 1903. Leases Sumner to Waverly,
2194 miles, which is included in the 89 miles.
Officers.— Pres. and Man., L. S. Cass; V.-Pres. and 8ec, J. F. Cass;
Treas., E. A. Boggs.— V. 78, p 230, 289, 2386.
1903.

1902
ROAD.

$43,386
40,226

—

WATERVILLE, ME.

WATERVILLE & FAIRFIELD RY. & LIGHT
Organization— In December, 1897, the stockholders agreed to give
the bondholders the right for five years, or until the company shall be
tn a position to meet all its fixed charges, to eleot a majority of the
board of directors, the bondholders, in turn having exchanged their
$200,000 of 6 per cent bonds for a like amount of 20-year 5s.
Date. Interest. Outstand'g.
Maturity.
Bonds—
Stock
$200,000
Stock (par $100) ($200,000)
1897 5 M-N
40.000 May 1, 1937
Prior lien bonds
5 M-N
200,000 May 1, 1937
Consol. mortgage, Class" A" < 1897
American L. &T. Co., Boston trustee.
and Class "B"
\
ROAD— Operates 4-75 miles of trolley between Fairfield and Waterville, and furnishes light and power for miscellaneous purposes.
EARNINGS— For year ending June 30, 1904, gross (Eleotric Light &
Street Ry.), $64,990; net. $14,710; charges. $14,906; deficit, $196.
OFFICERS— Pres., Geo. K. Boutelle, Waterville; Treas., H. D.Bates,
Waterville; General Manager, Ralph J. Patterson, Waterville, Me.

&

WEBB

CiTY, MO.

SOUTHWEST MISSOURI ELECTRIC
RAILWAY.— A
trolley road.

Organization, Etc—Consolidation Aug. 21, 1896, of the South M
Eleo. RR., Jasper County Elect. RR. and Joplln & Galena Electrio Ry

STOCK

&

Bonds—

Interest. Outstand'g.

Date.

Stock, $1,500,000, auth

Maturity.

$1,150,000

Mortgages—
Joplinto

Webb

City, Car-)

and Prosperity,

S-

$500.... o*

>

Joplin* Galena Eleo. RR.

(

terville

$200,000,

g.,

/*&m
w° w
>

[

6g.

M-S

$200,000 Mar.

1,

1913

Subject to call on Mar. 1, 1905.
Int. at Cent. Trust Co., trustee, N. Y. City.

189

fnnlin to fJalftna gold,<
waiena, <rnlrl /

Carthage

1893

\ n*$±L atJ™°£?°,1,^oV' 1926
Subject to Call On July
1905.

New Yo rk, and Mississippi Valley Trust Co., St. Louis, Trustees.

CenVl TrU8t Co ^
1896

6g. J-J
$180,000 July 1, 1926
Subject to call on July 1, 1905.
"S
Sept. 1, 1923
$500,000
Refunding and extension ( 1903 5 %•
Harrisburg
Co.,
mortgage, ifri.300,000
mortsafe SI 500 000 . \ Int payat;j Tr. Nat Harrisb., Pa., Trustee.
Bk- of commerce, N.Y.
e at
J
Bond*—Ot the mortgage of 1903 the $500,000 issued were to retire
$300,000 pf 2d 6s, which were subjeot to call, and $200,000 for impts.
Of the remainder, $500,000 is to retire underlying liens and $500,000 for extensions and improvements at 80 p. c. of oost.
Road—47 miles of track connecting Joplin, Webb City, Duenweg;
Chitwood, Carterville, Carthage, Prosperity, Mo., and Galena, Kansas
EARNINGS-For year ending Aug. 31 1904, cross, $267,115; net (after
taxes, &c.), $96,889; interest, $50,000; balance, surplus, $46,889.
OFFICERS— Pres. and Treas., A. H. Rogers, Joplin, Mo.; V.-Pres., E. Z.
Wallower, Harrisburg, Pa.; Sec, A. G. Knisely, of Harrisburg, Pa.—
V. 77, p. 38.

Carterville to
($500)

5

I

M

.

,

WEST CHESTER

PA.

THE WESTCHESTER STREET

RY. CO.

Organization— Incorporated in Pennsylvania Aug. 4, 1890.
Maturity.
Date.
Interest. Outstand'g.
Stock & Bonds—
Stock, $1,000,000 ($50)...

$350,000

5 g. F.-A.
1st mortgage, $1,000,000? 1902
350,000 Aug.1,1932
o&r ) Int. at West End Trust Co., Phila., trustee.
($1,000), gold
Bonds. - $650,000 are reserved for extensions, equipment, etc No
sinking fund and bonds not subjeot to

Earnings— For year ending June

call.

30, 1904: Gross, $48,836; net. $20,
243; int., $17,500; income from lighting plants, $4,007; surp., $6,750.
Road— In operation from Lenape, through West Chester, to Do wnlngton and Gallaghervllle, 18 miles; gauge, 5 ft. 2»4 In; rails. 70-lb. T.
Extension of 16 miles, viz., Lenape to Kenneth Square, 10 miles, was
completed Oct 1, 1904. An extension from Gallaghervllle to Coatesvllle, 6 miles, will be completed about May 1, 1905.
Office»s— Pres., Meyer Schamborg; Sec, Jonas Rloe; Treas., John
W.Woodside; Supt.
Gen. Mgr., Henry H. Aroher.-V. 74, p. 1040; V.
75, p. 186; V. 78, p. 2444.

&

STREET RAILWAYS.

828

WESTERLY.

R.

I.

WESTERLY RY. & LIGHTING CO-Orqanization.— Tncorporated In Rhode Island in Feb., 1904, and in
Connecticut Mar. 2, 1904, as a consolidation of the Westerly & Hopkinton Ry.. the Pawcatuck Valley St. Ry. and the Westerly Gas & Elf etrio
Acquired
Co. All stock and bonds of above companies were retired.
also the Mystic El. Lt. Co. and the South Shore El. Lt. Co. of Mystic.
Maturity
Interest. Outstand g.
Stock & Bonos—
Date.
Common. $200,C00 ($1 00)
$114,000
Pref., cum. ,$200 000 ($100)
118,000 ...
1st mort., $2E0,0C0, gold) 1904
1934
5 g. J J
128,000
($1,000)
c*slnt. atBowling Green Tr. Co., N.Y., Trust
Boi<ds— Are subject to call after two years at 102*2.
Road— Operates 6^ miles of track. Road Is being extended from
Westerly to Hopkinton, 7 miles.
OFFICE RS-Pres., Frank P. Sheldon, Providence; V.-Pres., Geo. W.
Maneneid, Westerly: Sec, Nathan B. Lewis. West Kingston: Treas. <te
Mgr., Joe. M. Klingelsmith, Stonlngton —V. 77, p. 2281; V. 78, p. 1276.

WHEELING, W. VA.
FAN HANDLE TRACTION CO&

Date. Interest. Outntand'g.
Maturity.
STOCK
Bonds—
stock, $; 00,000 <$ioo>
$500000
1st mortgage. $500,000, ) 1903 5 g. A-O
April 1. 1933
375.000
gold ($1,000 & $500) .0* < Int. at Knickerbocker Tr. Co., N. Y., Trus
Bonds— Are subject to call on any interest date to 1912 at 105 and
Interest; thereafter at par and interest on 30 days notioe.
Road— Operates 18 miles of track irom Wheeling to Mingo. Standard gauge 70 lb. T and 90 lb. girder rail.
Officers— Pres., Howard Hazlett; Sec. &Tr., H. C. Haslett; General
Mgr., E. Wright.

"WHEELING TRACTION--A trolley road.
Organization— Reorganized Jan. 1, 1901. as a consolidation of the
Wheeling Ry.. the Bellaire Bridgeport <& Martin's Ferry Rv. and the
Moundsville Benwood & Wheeling Ry. Company owns a trifle over
thirty-nine fortieths of the capital stock of the Citizens' St. Ry. Co.,
and leases same for 99 years. In Nov., 1901, purchased the entire
capital stock ($150,000) of the Steubenv. Mingo & Ohio Val. Tract. Co.

&

Date. Interest.
Outstanding. Last die., <tr.
STOCK
Bonds—
Stock, $2,000,000, $100
July, '03.1%
$1,837,700
Wheeling Trac. 1st M.,) 1901 5g.J-J
Jan. 1, 1931
1,408,000
$2,500,000 $1,000, £ Cleveland Trust Co.. Cleveland. Trustee.
$500, gold
o* N Interest at Nat. Bank of Commeroe. N. Y.
Wheel. Ry. 1st M..$500,-) 1892 6 g.M-S
Sept. 1922
500,000
000. gold. $1.0O0...o* < Int. at Central Trust Co.. trustee. N. Y. Cltv
Bel. Brdpt. & Mart'ns) 1893 6g. A-O
150,000
Oct. 1, 1913
Fr. 1st M., $150,000, >Sub.tocall on any
on & aft. Oct. 1,1908.
o*&r > Int. at Farmers' Loan & Tmst.N. Y., Trustee.
g., $1,000
1927
Oct.
100,000
Monnds Ben & Wheeling $ 1897 6
aionnas. Ben. A wneeiing
^ gubject t0 oall at par after Aprll lf 1908
Bonds—Of the new $2,500,000 mtge., $750,000 is reperved to retire
prior liens. Can be called on any interest day at 105 upon 30 days'
notice. The Wheeling Ry. 1st 6s are subject to oall after Sept. 1, 1912
Ditidends— First dividend of 1 p. o. was paid on Jan. 10, 1903, and
1 p. 0. was again paid on July 1, 1903. None since.
Road— Operates 38^ miles of track in Wheeling and suburbs, extending to Bridgeport, Moundsville, Bellaire, Benwood and Martin's Ferry.
OFFICERS.— Pres., T. H. Conderman. 232 No. 19th Street, Phila.; V.Pres., B. W. Peterson and J. J. Holloway; Sec. and Treas
W. A.
Shirley; Gen. Man G. O. Nagle.— V. 76, 214.

A&O

AO

.

,

,

(I) 8TETJBENVILLE MINGO & OHIO VALLEY TRACTION CO.
*
'
—A trolley road.
Organization— Owns an electric line from Steubenvllle to Brilliant,
Ohio, 9 miles. A new power house at Brilliant is now in operation.

owned by the Wheeling Traction

Entire stock

STOCK

&

BONDS—

Date.

Interest.

Co.
Outstand'g.

Maturity.

Stock. $150,000 ($100)
$50,000
1st mtge., $150,000, gold) 1900
5g. J.-J.
150,000 Jan. 1,1920
($1,000)...
o*SInt. at the Trust Co. of America. N.Y.. Trus.
Bonds— Entire Issue is subject to oall at par upon 3 months' notioe
after Jan. 1, 1910.—V. 74, p. 428.

WHEELING & ELM GROVE RY.-A
In August

trolley road.

1904, oontrol of road changed hands. V. 79, p. 905, 1024
Organization—This is a consolidation of the Wheeling &Elm Grove
Ry. Co.,the Suburban Ry. Co., the Wheeling Park Association and the
Suburban Light & Water .Co.
DaU. Interest. Outstanding. Maturity.
STOCK
B0ND8—
,

&

Stock, $150,000 ($50)
Underlying liens
1st mortgage, $1,250,000
0*
ii ($1,000, gold

$67,800
205,500 Mar.1,1928
) 1901
5 A-O
744,500 April, 11931
5 Int. payable at Wheeling Tit. & Tr. Co., trus.
Bonds—Of the $1,250,000 issue, $205,600 are reserved to retire
underlying liens and $300,000 for extensions.
Road— Owns and operates 19 miles of track from Wheeling to Elm
Grove, Point Mills and West Alexander. An extension to Washington,
Pa., Is contemplated.
OFFICERS-— President, John A. Howard; Sec. and Treas Wm. Carle;
General Manager, W. S. Wright.— V. 72. p. 392, 582; V. 79, p. 905, 1024
,

WICHI'TA, KAN.
WICHITA RAILROAD & LIGHT

Trolley.

Organization—Chartered May 1,1900, for 30 years. Franchise exOwns a lighting plant and has contract for city lighting.
Date.
Outstanding.
Interest.
Maturity.
STOCK & BONDS—

pires 1933.

Stock, $300,000 ($100)
$300,000
1st mtge., $300,000) 1900 5 g. A-O
285,000
April, 1920
gold
Int. at Portland Tr. Co,, Portland, Me., Trust
o5
($1,000),
Bonds— Bonds are subject to call at 105 on reasonable notioe.
Road— Owns 22 miles of trolley track in Wichita, Kansas.
OFFICERS— President, Geo. F. Duncan, Portland, Me.; Vice President
and General Manager, S. L. Nelson, Fort Wayne; Secretary-Treasurer,
Edw. Woodman, Portland, Me.; Supt., W. R. Morrison, Wichita.

WILLIAMSPORT, PA.
VALLAMONT TRACTION-

WILLIAMSPORT PASSENGER

RY.-Trolley.

For statement of these companies, see Stbeet Railway Section
June, 1904.

of

_

WILLIMANTIC, CONN.

WILLIMANTIC TRACTION CO-

ORGANIZATION— Incorporated in Connecticut June 14, 1901.
Date. Interest.
Outstanding.
Maturity.
STOCK & BONDS—

Stock, $300,000 ($100)

$200,000
Mortgage, $350,000) 1904 5 g. J.-J.
240,000 Jan.1,1924
gold
Int. at Mass. Trust Co., Boston.
5
Bonds— Are subject to oall as an entirety at 110. Trustee is Treasurer of the State of Connecticut.

[Vol. lxxx.

Road -Operates 11 miles of track from Willlmantlo to Baltic, where
connection is made with Norwich St. Ry through to Norwich. Extension to South Coventry is under construction (6 miles).
OFFICERS-Prest. & Supt., William D. Grant, Willlmantlc; Vlee-Pres..
W. H. Clark, Hartford Sec, W. A. Arnold, Willimantic Treas., Thos.
F. Cavanaugh, Taunton. V. 78, p. 769.
;

;

WILMINGTON, DEL.

WILMINGTON NEW CASTLE
ERN RY-

<&

sotjth-

Orqamization— Incorporated

In Delaware in March, 1904, as a con
Wilmington & New Castle Elec. Ry. and the New
Delaware City Ry. (latter formerly leased to foroier).

solid ation of the

Castle

&

Stock

&

BONDS—

Date.

OuManding.

Interest.

Com., $160,000 ($10)
Pref 6% cum. alter 1907 t
$170,000
\
Gen. con. M. $650,000, ) 1904

Maturity.

$160,000
, nc rtnn
170,000
5 J-D
400,000
June 1, 1934
atSeo. Tr.A SafeDep. Co., Wilm'gton, Tr.
....

.

$500
5 Int.
Bonds.— Remaining bonds reserved for future extensions, improvements, etc. May be redeemed on any interest day after June 1, 1909,
at 105 and interest.
Roads— Operates trolley road, about 17 miles, between Wilmington
and Delaware City.
OFF'CSRS— Pres., H. L.Evans; Vic^-Pres., Willard Salisbury; Sec,
C. P. Holcomb; Treas., J. Chetter Gibson. -V. 78, p. 1499

WILMINGTON,

N. C.

CONSOLIDATED RAILWAYS, LIGHT &
POWER CO Organization— Incorporated in North Carolina on April 24, 1902,
aud is a consolidation of the Wilmington Street Ry,, Wilmington Gas
Light Co., Wilmington & Sea Coast RR., Wilmington Dummy Line
and the Wilmington Electric Light Co. Operates entire street railway,
electi ic light and gas systems of the <-ity. Gas and eleotrlo light franchises perpetual and for street railway runs until Mar. 4, 1937.

Stock & BONDS—
Common, $350,000 ($100)

Date.

Interest.

Outstand'g.

Maturity.

$350,000
In 1904, 5%
100.000
600,000 July 1, 1932

Pr

5 P C
$15
$ «.°.. . :. 1
$600,000, g., $50 5 1902
5 g. J.-J.
$100, $500 & $1,000.. c i Int. at 8afe Dep. &Tr. Co., Balto., Md., trust.
Bonds— A sinking fund commences July 1. 1 90 1, to which 1 p. c. per
an. of outstanding bonds is payable until 1914; I'd p.
annually until
1924 am 2 p. c. per an thereafter. Proceeds to be invested In the
bonds at not exceeding 105 and int., bat bonds are uot subject to call.

oum

1st

M

(

,

Road.— Owns 20'83 miles of track. 150 miles of which Is leased to
the Atlantic Coast Line RR. until Jan. 1, 1935. 27 cars.
EARNINGS— Year ending Dec. 31, 1904, gross, $154,777; net, $54,957;
Interest, $29,288; surplus, $25,669.
OFFICERS.— President, Hugh MaoRae; Vlce-Pres., M. F. H. Gouverneur; Secretary, H. Wooloott; Treasurer, R. J. Jones; Gen'l Mgr, A. B.
Skelding.— V. 74, p 936, 1308; V. 7 \ p. 151.

WINSTON-SALEM,

N. C.

WINSTON-SALEM RAILWAY & ELECTRIC

—A trolley road.
Fries Mfg.

In November, 1899, the road was purchased by the

& Power Company and the two

Organization,

properties consolidated.

Etc—Incorporated In 1891 for 99 years.

&

Date. Interest. Outstanding. Maturity.
BONDS
STOCK
8tock, com. ($600,000) ($100)
$574,600
Pref. 6% n.o.$ 100 ($100,000)
100,000
1st mtg. ($500,000) g.,($l,000), \ 1900 5 g. J-J.
461,000 Jan. 1, '40
Jan. 1, 1910, at 110. 1 Int. at N. A. Trust Co., N. Y., Trus.
optional
ROAD—Operates 9% miles of track, 217 aro and 9,167 incandescent
lights, and furnishes power for manufacturing purposes. Also a 30ton loe plant, park and attractions. 24 cars, including trailers.
Earnings— For year ending Nov. 30, 1904 (Fries Mfg. & Power Co.),
gross. $130,118; net after taxes, $40,611; Interest, $23,003; surplus,

$17,603.

Officers— Prest., H. E.
8eo.

& Treas., B. J. Pfohl;

Fries;,V-Pres'ts. W. A. Blair and F. H. Fries;
all of Winston-Salein.— V. 74, p. 1088, 1091

WOONSOCKET,

R.

I.

WOONSOCKET STREET RAILWAYOrQANIZATION—Incorporated June 4, 1886. 21'47 miles of traok.
In May, 1901, the parties who control this road purchased the charter of the Columbia Street Ry.,gand intend to build the road and lease
it to the Woonsooket Street Ry.
Date.
Interest.
Outstand'g.
Maturity.
STOCK
B0ND8
Stook, $300,000
L$300,000
1893
1st mort., $200,000,)
5 J&J
175,000
July 1,1913
$1,000 each
$ Interest at R. I. Hos. Trust Co., Prov., Trustee.

&

—

Floatingdebt June 30, 1903
$119,101
Bonds—$5,000 to be paid to trustee July 1, 1898, and each year
thereafter for sinking funds for redemption of bonds.
Earnings— For year ending Sept. 30, 1903, gross, $118,423; net,
$32,400; charges, $19,723; balance, surplus, $12,677.
Officers—President, Edgar K. Ray; Secretary, Willard Kent,
Treasurer, Walter Whittlesey, Chelsea. Mass.

WORCESTER, MASS.
THE HAMPSHIRE & WORCESTER
RY.-A
On

trolley road.
Jan. 17. 1905, Geo. S. Taft

was appointed

ST.

receiver, interest on

the bonds having been defaulted in 1904.

Organization - Incorporated In Massachusetts Feb. 2, 1901. Is the
connecting link between Springfield and Worcester.
Interest.
Outstand'g.
Maturity.
Stock
BONDS— Dale.
$155,000
Stook ($100)
5 g. J-D
135,000
Dec. 1, 1921
1st mort., $135,000, ) 1901
gold ($1,003)
o* ) Int. at Amer. Loan & Tr. Co., Boston, Trustee.
Bond.— No sinking fund and bonds are not subieot to call.
ROAD— Operates 12 miles of track between Ware and West Brookfield, and connects with the Springfield & Eastern St. Ry. and the
Warren Brooklleld & Spencer St. Ry.
Officers— President, H. M. Coney. Ware; Treas., Henry N. Bates,
170 Sumner St., Boston; Clerk. Jas. F Hill. Warren; Supt., David E.
Pepin, Ware.—V. 73, p. 1313; V. 79. p. 2642.

&

WORCESTER RYS- formed
& INVESTMENT
association

This

is

a voluntary

in 1901

CO.-

and managed by a

board of trustees, in whom is vested the ownership of the entire oapiltal stook (except only enough shares to qualify directors) of the Worcester Consolidated Street Railway Co. and of certain other Massachusetts corporations which are engaged In enterprises closely identified
with that of street railway transportation.

Feb

,

STREET RAILWAYS.

1905.
|

The holdings comprise 35,49f> shares Worcester Consolidated St. Ry.
stork; 6,500 shares Electrio Manufacturing Co., together with $108,691 demand noies of the same company; 1,000 shares of Quinsiga*
Shrewsbury R.R., and
mond Park Co.; 28 shares of Worcester
$14,700 (par value) of notes of Leominster & Clinton Sd. Ry.

&

STOCK—Outstanding 71,898 shares of benefloial Interest. Deed of
trust orovides that all shares shall be non-assessable, that there shall
be no personal liability of the shareholders, that no pledge or mortgage of the securities held shall be made without the consent of twothirds of the shares, and that no additional shares shall be issued
without a two-thirds vote. Shares are said to be exempt from taxation in Massachusetts.
Dividends—Dividends of $2 25 per share were paid Feb. and Aug.,
1902; in 1903, Feb., $2 25; Aug., $2-^5. In 1904, Feb., $2 25; Aug., $2 25.
In 1905, Feb., $2.

See V. 80,

p.

224.

Earning — For calendar year 1904 gross inoome, *315,133: Income
on hand, $162,732; total, $477,870; expenses, $4,b57; dividends,
$323,541; surplus, $149,672.

TRUSTEES—Until 1907, Stephen Salisbury, Worcester, and Samuel
Carr, Boston; until 1908, A. George Bullock, Worcester; until 1906
Francis R. Hart, Milton, and Fred'k W. Kendrick Cambridge.
OFFICERS— President, A. George Bullock; Treasurer, E. Elmer Foye,
3 Ames Building, Boston.— V. 80. p. 118, 160, 224.

RY—

WORCESTER CONSOLIDATED

TROLLEY.
ST.
$795,000 aeditional stock has been authorized by the RR. Commissioners (V. 80. p. 160,) to provide in part for floating debt.
This company, which was incorporated in 1869, absorbed by consolidation March 1. 1901, the Leominster & Clinton, the Fitohburg &
Suburban Street Rwy., the Clinton & Hudson Street Rwy., the Worcester & Clinton St. Rwy., the Worcester & Marlborough and the Worcester & Suburban. In 1895 leased for 99 years the North End St. Ry.
of 5-13 miles, at a yearly rental of $8,000. The North End has $110,000 f$100) <apital stock and $75,000 5 p. o. 1st mortgage bonds due
Feb. 1, 1915; interest, F.
A.
All the stock of the Worcester Consolidated St. Ry. was in 1901 acquired by the Worcester Railways
Investment Company.
Bate. Interest. Outstanding.
Maturity.
STOCK& BONDS
Stock $4,050,000 ($100)
$3,550,000 In 1904, 5 p.c.
(] )

&

&

Wor. oon.lstM.,g,$840,000 1900 4^g.M-S
Real estate mortgages
5
Wor. & Marl. 1st mort., > 1897 5g. A-O

700,000
1920
59,500
On demand
200,000
Oot. 1, 1917
$200,000, gold
5 Am. Loan & Trust Co., Boston, Trustee.
15-year coupon notes
1897
6 A-O
45,000
Apr. 1,1912
Wor. & Clinton 1st mort. » 1899 5 g. J-J
115,000 Jan. 1, 1919
gold ($1.000)
Am. Loan & Tr. Co., Boston. Trustee.
<
Floating debt Sept. 30, 1904
1,453.703
Road—Operates about 143 miles of track, comprising practically the
entire street railway mtleage of Worcester, together with lines to
Fitchburg, Leominster, Lancaster, Hudson, Boylston, Berlin, Clinton,
Westboro. Marlborough, Northborough, Shrewsbury, Grafton, Milbury, Leicester and Spencer.

Earnings— For year ending Sept. 30, 1904: Gross, $1,336,411; net,
$518,82«; oharges, $340,336; dividends. $177,500; surplus, $972.
OFFICERS— President, Francis H. Dewey; Treasurer, Justin W.
Lester; Gen. Mgr., Frederick W. Huntress.

YOUNGSTOWN,

&

Date. Interest. Oulstand'g.
Maturity.
BONDS—
STOCK
Com., $5,000,00i> ($100)
$5,000,000
Pref., 5 per cent cum,, >
„
oon RQ,
5%peran.
J.ooo.ooo
5
$3 000.000 ($100)
2,000,000 May 1, '22
750 - < 1 902 5g. M.-N.
lot * refund M <B2
Harrl9 & Co., New York.
«* Int at N
o
rpj.
000, gold ($l,uoo)
Co N y., Trustee.
l v g Mort &
M. < 1897 5g. M.-N.
New Castle Traction 1st
500,000 May 1, 1927
gold ($1,000)0* I Int. at Union Tr. Co., Pittsburg, trustee.
$500,000,
N
a8
e CO 1 8 t
1897
5 S200 000 Mon !• 1927
. . .
.
: \
$200 00. ?ola:
6
Lawrence Gas M.*, $50,66'0. . 1884
50,000 Aug. 1.1909,
Bonds. A sinking fund of $50,00° per annum commences after 10
years. $750,000 1st & ref. M. are reserved to retire underlying liens.
See V. 74, p. 1140, 1197.
Dividends— 5 p. o. per annum is paid on preferred regularly.
Report.— For fiscal year ending April 30, 1903, gross, $750,323,
net, $242,710, Amount reserved in operating expenses for taxes was
too large by $10,000, which should be added to net earnings.
ROAD— Operates 85'2 5 miles of track, connecting New Castle, Lowellville, Youngstown, Glrard, Niles, Warren and Leavlttsburg.
OFFICERS— Pies., M. A. Verner, Pittsburgh; V.-Pres., Jas. Parmelee;
2nd V. P. and G. Mgr, M. E. MoCashey; Sec, J. E. McVey, Youngstown; Treas., B. F. Miles, Cleveland.— V. 78, p. 1110, 1113.

mo

tnSloooi

Organization— Incorporated in Pennsylvania on May 24, 1902, as
a consolidation of (V. 74, p. 1140 and 1197) the Mahoning Valley
Ry., New Castle Traction Co., Trumbull Electrio Co., Mineral Ridge <fe
Niles Tractio Co., New Castle & Lowell Ry., Lawrence Gas Co. and
the New Castle Electric Co., comprising entire local systems in
'i

Youngstown, O., Niles, O., and New Castle, Pa., and all of the electrio
lighting, power and manufactured gas business of New Castle. Also
owns Cascade Park, near New Castle, of 90 acres.

NEW

-

M

•.

'

-

.

—

YOUNGSTOWN

road.

&

SOUTHERN

RY.-A

trolley

Organization— Incorporated in Ohio on May

9, 1903. C. P. Phelps
Co. of Boston are interested.
Maturity.
Date. Interest. Outstcnd'g.
BONDS—
STOCK
Stock, $1,800,000 ($100)
$1,234,000
539,000 Oct. 1, 1923
1st mtge., $1,500,000, g. ) 1903 5g. A-O
o* Slnt. at New York Trust Co., Trustee.
($1,000), s. f
Bonds. -A sinking fund of 2 p. o. per an. of bonds outstanding commences after 5 years. See V. 77, p. 2160. Bonds are not subject to call.
Road— Is to operate 51 miles of road from Youngstown to East
Liverpool and Salem, of which 17 miles has been completed. Remainder to be completed in 1905; 70-lb. T rail.
OFFICERS— Pres., A W. Jones Youngstown; Vice-Pres., C. P. Phelps,
Boston; 8eo., J. H. Ruhlman, Youngstown; Treas.. G. B. Baker; Gen.
Mgr., S. J. Dill, Youngstown. V. 77, p. 2099, 2L60.

&

&

YORK, PA.

COUNTY
YORKOctober, 1904. TRACTION-See Stbebt Railway
Section
ZANESVILLE, OHIO.
ZANESVILLE RY. LIGHT & POWER COIncorporated
1902
Ohio
took over the
for

in
in
and
O RQ AN IZATION—
Street railway, electric light and water power properties of the ZanesvilleEleo. Ry. and the Zanesville Eleo. Lt. Co. Electric light franchise
perpetual. Street railway franchise expires In 1928.

Stock

Common

&

Bonds—

Date.

Int.

1902 5

OutstancFg.

Maturity.

$700,000
300,000
A-OIS 750,000 Oot. 15, 1912

stock, $950,000.
Preferred stock, $300,000
g.

1st cons. Mort. $1,000,000
•0,5
Int. at Cent. Tr.
S. D. Co.,Clnn., trustee,
($500, $1,000), gold
or Trust Co. of America, New York.
Registrar, Guardian Trust & Safe Deposit Co., Zanesville, Ohio.

^r ShWMA'?^n°^;^
a

PENNSYLVANIA & MAHONING VALLEY
RY-A trolley road.

w

-

^

Z

OHIO.

829

&

!899 4g.F-A

250,000 Feb.

1,

1919

Bonds.—Of the new consols, $250,000 are reserved to retire like
call in 1903. See V. 75, p. 908.
Road— 14 miles trolley on 12 miles of street. Ralls 70 and 92-lb
Contract with city for supplying 244 aro lamps at $73*50 each per year
Earnings—For year ending Jan. 31, I904,of consolidated properties,

amount of prior bonds subject to

gross, $156,801; net, after taxes, $71,355; Int., $47,500; bat., $23,855.
OFFICERS—President, F. A. Durban, Zanesville; Vice-President, H,

M.<Byllesby, Chicago; Sec'y and Treasurer, W. D. Breed, Cincinnati;
Asst. Treas., W. A. Gibbs, Zanesville.— V. 77, p. 770, 1295; V.80,p.l65.

COMPANIES.

The following furnishes a reference

to the volume and page of the Chronicle where information can be found concerning a number
of companies not represented in this issue of the Stebet Railway Section.
These are either newly organized companies the affairs
of which have not yet advanced sufficiently far to warrant the presentation of a regular statement regarding them, or else companies
from which it has not been found possible to seoure full returns.
AMERICAN ELEVATED RR. V. 79. p. 62\
MANSFIELD A EASTERN TRACTION CO. V. 77, p. 298.
ARKANSAS VALLEY INTERURBAN RY. V. 79, p 801.
MONTREAL TERMINAL RY. V. 79, p. 20 6, 2697, 2796.
BALTIMORE & BEL AIR ELECTRIC RY. V. 79, p. 211.
MUSKOGEE TRACTION Co. V. 79, p. 1 55.
BAY SHORE TERMINAL CO. V. 78. p. 819, 11X8; V. 79, d. 27' 4.
CASTLE & BEAVER FALLS ST. RY. V. 78, p. 821.
BLUE GRASS CONSOL. TRACT. CO. V.77, p. 87, 2159, 23f9; V. 79, p. 2686, 2793.
PALTZ A POUGHKEBPSIH TRAC. CO. V. 77, p. 37, 198.
BOSTON & PROVIDENCE ELEC. RY. V. 79, p. 1*51.
YORK CITY INTERBOROUGH RY. V. 79, p. 27«6; V. 80, p. 117.
BRISTOL & NORFOLK STREET RY. V. 76, p. 434, i: 54.
N. Y. & PORTCHESTER RY. V. 77. p. 1875, 2159; V. 79. p. 681, 104, 2»43, 2787.
BRITISH COLUMBIA ELECTRIC RY. V. 77, p. 768; V. 79, p. 1E0.
N. Y. WESTCHESTER & BOST. RY. V. 79, p. 270, 501, 628, 2467; V. 80, p. 118
CENTRAL LONG ISLAND ELECTRIC RR. V. 78. p. 767.
NORTHERN INDIANA RY. V. 76, p. 1408.
CHICAGO & SOUTH SHORE RY. V. 78, p. 783, 1167; V. 79, p. 102 <.
NORTHERN TRACTION CO. OF INDIANA. V. 79. p. 904.
CHICO (CAL.) ELECTRIC RY. V. 79, p. 786.
OTTAWA ELECTRIC RY. V. 79, p. 2689.
CINCINNATI TOLEDO & DETROIT SHORE LINE RY. V. 79, p. 212.
PASCOAG A PROVIDENCE RY. V. 78, p. 1782.
CITIZENS' ELECTRIC CO., EUREKA SPRl NQS. A RK. V. 78, p. J27t.
PENN INCLINE PLANE CO. V. 79, p. 268K.
CITIZENS' RAPID TRANSIT CO. (RICHMOND, VA.) V. 79, p. 2.2.
PEOPLES' RAPID TRANSIT RY. (TOLEDO). V. 76, p. 1\C8.
CITY STREET RY. (MEMPHIS). V. 79, p. 279f>.
PHILA. COATESV. A LANCASTER PASS. RY. V. 78. p 1782; V. 79. p 734.
CUMBERLAND ELECTRIC RY. CO. V. 7«, p. U'84.
POTTSTOWN & HEADING ELECTRIC RY. V. 78, p 344.
DANBDRY & HARLEM TRACTION CO. V. 78, p 1222; V. 79, p. 680.
RICHMOND & ( HESAPEAKE BAY RY. V. 80, p. 718.
DAYTON & KEN I'ON RY. V. 79, p. 1*61.
ROCHESTER SYRACUSE & EASTERN RY. V. 75, p. 794; V. 80. p. 601.
DENVER & INTERURBAN RY. V. 79, p. 1266.
ROCKLAND RR. CO. V. 76, p. 1408.
DETROIT & BAY CITY TRACTION CO. V. 79, p. 2147.
ST. LOUIS & SPRINGFIELD RY. V. 78, p. 1908.
DETROIT FLINT & SAGINAW RY. V. 78, p. 1222; V. 79, p. 2205.
ST. LOUIS WEBSTER & VALLEY PARK RY. V. 79, p. 2148.
DETROIT PONTIAC LAPEER & NORTHERN ELEC. RY. V. 79, p. 2147.
SALT LAKE A SUBURBAN KY. V. 76, p. 21;t.
DIXON ROCK FALLS & SOUTHWESTERN ELECTRIC RY. V.77. p. 2389 SALT LAKE SOUTHERN RY. V. 78, p. S33rf.
ERIE CAMBRIDGE UNION & CORRY RY. CO. V. 76, p. 1192.
SANDUSKY SOU1HWESTERN RY. V. 79, p. 2209.
FORT
VAN WERT & LIMA TRACTION CO. V. 80, p 222.
SAN FRANCI8CO RY. CO. V. 79, p. 270.
FOUNTAIN-WARREN TRACTION CO. V. 78, p. 2442.
SANTA BARBARA CONSOLIDATED RR. V. 78, p. 1C5, 2013.
FOURTH STREET & ARSENAL ST. RY. V. 80. p. 47?.
SANTA CRUZ ELECTRIC RY. V. 79, p. 162.
GOFF'S FALLS LITCHFIELD & HUDSON ELECTRIC KY. V. 77, p. 2098.
SCIOTO VALLEY TRACTION CO. V. 77. p. 197.
GRAND RAPIDS & KALAMAZOO VALLEY RY. V.80, p. 117.
SHEFFIELD (ALA.) CO. V. 80, p. eOl.
GREENWOOD (MISS.) ELECTRIC RY. V. 71', p. 269.
SOUTH SHORE TRACTION CO. V. 79. p. 2698.
GROTON A STONINGTON S V. RY. V. 79, p. 627.
STERLING DIXON A EASTERN ELECTRIC RY. V. 76, p. 1302.
tt

NEW
NEW
NEW

WAYNE

HAMILTON CAT. POWER LIGHT & TRACTION. V. TO. p. 813, 108J. 1407.
HAMPTON ROADS ELECTRIC RY CO. V. 77, p. 349, 510; V. ',8, p. 109.
HUDSON PELHAM & SALEM ST. RY. V. 79, p. 2"47.
INDIANA NORTHERN TRACTION CO. V. 78, p. 1223.
ITHACA-CO RTLAND TRACTION CO. V. 78. p. 1109; V. 80, p. 711.
KANSAS CITY A OLATHE RY. V. 79, p. 681.
KANAWHA VALLEY TRACTION CO. V. 78, p. 17-il.
LA CROSSE A SOUTH EASTERN RY. V. 80. p.
LANSDALE A NORRISTOWN ELEC. RY. V. 78, p. 1906.
LEOMINSTER SHIRLEV & AYER ST. RY. V. 80, p. 711.
LONDON AYLMER A NORTH SHORE ELEC. RY. V. 77, p. 951.
LOWELL A BOSTON STREET RV. V. 78. p. 18o7, 2381.
MANILA ELKCTBIC RR. A LIGHTING CO. V. 76, p. 598; V. 77. p. 36.
1

22'.*.

STOUGHTON A RANDOLPH STREET RY. See Bristol Xnrjolk above.
SYRACUSE SKANEATELES & MORAVIA RR. V. 79, p. 2643.
TEV1PLETON STREET RY. V. 79. p. 153,2698.
TOLEDO COL. SPRINGFIELD A CINC1N RY. V. 77, p. 1296; V. 79, p. 871.
TOLEDO A MICHIGAN ELECTRIC RY. V. ^9, p. 168
TOLEDO PORT CLINTON & LAKESIDE ELEC. RY. V. 79, p. 2458.
VINCENNES CITIZENS' STREET RY. V.
p. 38*.
WARREN CORTLAND A JEFFERSON TR. CO. V. 78. p. 2888; V. 79, p. 1887.
WATSONVILLE TRANSPORTATION CO. V. 79. p. 1706.
WEBSTER MONESSEN BELLEVERNON A FAYETTE CITY. V. 76. p. 1144.
WINNIPEG ELECTRIC RY. V.79, p. 2i98.
WINONA RY. & LIGHT CO. V. 79. p. 755.
ZANESVILLE & SOUTHEASTERN TRACTION CO. V. 76. p. 1260.
<fc

7rt.

5
1

2

INDEX TO RAILWAYS

830

[Vol. lxxx.

INDEX TO RAILWAYS.
Page

AcUmstown &

Mohnsville EL Ry.-See
807
United Traction (Reading:)
Akron Bedford & Cleveland RR.— 866
739
Northern Ohio Traction A Light Co

Page.
Birmingham Ry. Lgt. A Power
744 Cedar Rapids & Marlon City Ry
Blaok Rock & Salisbury Beach—See HaverCentral Calif. Electric Co.— See
hill & Amesbury
777
& Electrio Corp

Page.
755
Calif.

Gas

818
Bleecker Street & Fulton Ferry RR— See
Central Crosstown RR.—SeeMet.St.Ry.8ys 796
779
Metropolitan St. Ry. System
796 Central Electric Co.— See Somerset Union
Albany & Hudson RR
Albany Ry.—See United Traction (Albany).? 39 Bloomfleld Street—See Pittsburg Tr. Sys...8U
A Middlesex Lighting Co
783
794 Blooming. & Normal Ry El. A Heating Co. 744 Central Elec— See Sacramento Elec. G. A Ry. 818
Algiers Gouldsboro & Gretna Ry
829 Central Elec. Ry. (Kans).— See Met. St. Ry.784
Allegheny & Bellevue— See Fed. St. Af 1. V.810 Blue Grass Consolidated Traotion Co
Allegheny St.— See Federal St. & Pleas. Val.810 Blue Grass Traction Co
786 Central Long Island Electrio RR
829
.810 Blue Hill Street Ry
754 Central Market St. Ry. (Columbus)
Allegheny Traction—See Cons'd Trao. Sys.
763
Trao.. 7 39 Boston & Chelsea—See B oston & Northern746 Central Park North & East River RR.— See
Allentown El. L. <fe P.— See Leh.Val.
739 Boston Consol. Street— See West End St. Ry.74^
Metropolitan 8t. Ry. System
Ry
796
Allentown <fe Reading Eleo. St.
Boston Elevated Ry
744 Central Pass. Ry.—See Louisville Trac Co.788
ARentown A Lehigh Valley Traction— See
739 Boston Milton & Brockton .—See Old
Central Pennsylvania Tradion Co
Lehigh Valley Traction
777
Colony St. Ry
746 Central Ry— See United Bys. & El
Allentown A SI atingt'n—See Leh.Val. Trao.739
743
Central Ry. (Peoria, 111.)
Alliance Electric Ry.-See Stark Eleo. RR.754 Boston & Northern Street Ry.— See Massa802
740
chusetts Electric
746 Central Traction— See Cons'd Trac. Sys
810
Alton Granite & St. Louis Traction Co
Boston & Providence Eleo. Ry
829 Central Traction— See Sioux City Traction. 821
Alton Improvem't Ass'n—8ee Alton Granite
740 Boston & Revere Elec— See Boston &
Ceramic City Lt. Co.— See United Pow Co. 770
A St. Louis Traction. Co
74*? Chambersb.Greenoastle & Waynesb. St. Ry.755
Northern Street Ry
Alton Light & Traction -See Alton Granite
740 Boston Suburban Eleotrio Companies
745 Charles River Street-See West End St
745
&8t. Louis Traotion Co
Boston & Worcester Eleotrio Companies. ..747 Charleston City Ry—8ee Char. Consol. Ry.
Alton Ry. Gas & Eleotrio Light— See Alton
740 Boston A Worcester Street Ry
Gas & Eleo
747
755
Granite A St. Louis Traction Co
Braddock & Turtle Creek Passenger RailCharleston Consol. Ry. Gas & Eleo
755
Alton Rv. & 111.—See Alton Granite & St.
way—See United Traction
740
809 Charlotte Electric Ry. Light & Power Co... 755
Louis Traction Co..
747 Chattahoochee Falls Co.— See Col. Elec Co.763
Biadford Electrio Street Ry
Logan Valley Electric Ry.— Bee
Altoona A
803 Braintree St. Ry.— See Old Colony St. Ry..746 Chattanooga Electrio Ry
755
American Rys. Co
P29 Bralntree A Weymouth St. Ry.—See Old
Chattanooga & Lookout Mountain RR
American Elevated RR
755
802
Colonv St. Ry
746 Chautauqua Traction Co
American Railways Co
782
Bridge Operating Co.— 8ee Bklyn. R.Tr.Co.749 Chesapeake Transit Co
American Ry. Trafflo Co.— See Brooklyn
799
749 Bridgeport (Conn.) Traction.— See Conn.
Chester Darby & Phila.—See Chester Trac 808
Bapid Transit
747 Chester & Media Electric Ry.— See Chester
Ry. & Lighting Co
Amesbury A Hampton— See New Hamp771 Bridgeton Electric- See Am. Rys. Co.(Phil.)802
Traction
shire Traction Co
808
740 Bridgeton & Millv. Tr.-See Am. Rys. Co ..802 Chester Street Ry.—See Chester Traotion. .808
Amherst & Sunderland St. Ry
740 Bridgewater Whitman & Rockland St. Ry.
Chester Traotion
Amsterdam Street RR
808
827
Anacostia & Potomac River RR
—See OldColonvSt. Ry
746 Chicago City Ry
755
Anderson Elec. St. Ry.—See Union Trac. Co. 74
Brightwood Ry— See Wash. Ry. & Eleo. Co.827 Chicago Consolidated Traction—See Chic
Union Traction
Anniston Electric & Gas Co
740 Bristol County St. Ry
823
757
Arkansas Vallev Interurban Ry
829 Bristol (Tenn Gas & Electrio Co
749 Chic & Desplaines ValL—See Am. Rys. Co. 802
822 Bristol A Norfolk Street Ry
Arlington Heights Motor Ry
829 Chicago Electric Traction
756
Asbury Park A Sea Girt RR...See Atlantic
Bristol & Plainville Tramway (Conn.)
749 Chicago Elec. Tran.—See Chicago Consoli787 British Columbia Eleotrio Ry
Coast Electric RR
dated Traction
829
757
Asheville Eleotrio Co
740 Broad Ripple Traction
779 Chicago General Ry
756
Ashland (Wis.) Light, Power & Street Ry...741 B'way & 7th Ave. RR—See Met. St. Ry. 8ys.796 Chic Indiana & Michigan Traction Co
790
741 Broadway Surf. RR— See B'y &7th Ave.RR.796 Chicago & Jefferson Urban Transit—See
Ashtabula Rapid Transit
741 Brockton Bridgewater & Taunton St. Ry.
Chicago Consol. Trac
Astoria Electric Co. (Ore.)
757
Atchison Ry. Light & Power
741
—See Old Colony St. Ry
746 Chic AJolletElec RR.-See Amer. Rys. Co. 802
Chicago & Milwaukee Electric
Athens (Ga..) Eleotrio Ry
74
Brockton & East Bridgewater St. Ry.— See
756
Atlanta Consol. St. RR.— See Georgia RailOld Colony St. Ry
746 Chic No. Shore St.—See Chic. Consol. Trao. 757
741 Brockton A Plymouth St. Ry
way & Electric Co
811 Chicago & Oak Park Elevated Ry
....758
Atlanta G. L. Co.— See Ga. Ry. & Eleo
741 Brockton Street Ry. S<*e Old Colony St.Ry.746 Chicago Pass. Ry.—See West Chic. St RR..?58
Atlanta Interurban— See Ga. Rv. A El. Co.741 Bronx Traotion Co.— See Third Ave. Ry....797 Chicago Rys. Co
756
Atlanta Northern Ry.— See Ga. Ry. A El.Co.74l Brooklyn Bath & West End RR.— See
Chicago* i-outh Shore Ry
829
Atlanta Railway & Power.— See Georgia
Chicago Union Traction
756
Brooklyn Rapid Transit
749
Railway & Electric Co
Chicago West Div. Ry.— See W. Chic. St. RR.758
741 Brooklyn & Brighton B</acb— See Brooklyn
Atlanta Rapid Transit— See Georgia RailRapid Transit
829
749 Chtco Electric Ry
way & ElectrioCo
770
741 Brooklyn Cable Co.— See Nassau Electric... 751 Chippewa Valley Electrio Railway
Atlanta Steam Co.— See Ga Ry. & Eleo. Co.74l Brooklyn City & Newtown RR.— See Coney
Christopher & 10th Streets RR.— See Met. St.
Atlanta St. RR.— See Ga. Ry. & Eleo. Co. 747
Ry. System
Island & Brooklyn
796
751
Atlantic Ave. RR.— See Bklyn. Rapid Trans. 741 Brooklyn City RR— See B'klynR.T
749 Cicero & Proviso St. Ry— See Ch. Con. Trac.757
Atlantic City & Suburban Traction Co
Cincinnati & Columbus Traction Co
749 Brooklyn Crosstown Railroad—See B'klyn
759
Atlantic Coast ElectricRR
Rapid Transit.
749 Cincinnati Covington A Erlanger— See Cin.
781
Atlantic Shore Line Ry
Newport* Cov
764
818 Brooklyn Heights RR.— See B'klyn R. T
749
Auburn City Ry.—See Auburn A Syr. Eleo. 741 Brooklyn Queens County A Suburban RR.—
Cincinnati Dayton & Toledo Traction Co.. 759
Auburn Interurban Electrio RR.— See AuSee Brooklyn Rapid Transit
743 Cincinnati Georgetown A Portsmouth Ry.760
burn & Syracuse Eleotrio
760
741 Brooklyn Rapid Transit
7±9 Cincinnati A Hamilton Traction Co
Auburn & Syracuse Electric RR
Cincinnati Interurban Co
760
741 Brooklyn Union Elevated.— See Brooklyn
Augusta & Aiken Ry.— See Nortn Augusta
760
Rapid Transit
751 Cin. Laurenceb. A Aur. Elect. St. Ry
Ry. & Improvement Co
Cincinnati Milf ord A Loveland Tr
760
742 Brownsville Ave. St. Ry- See Pitts. A Birm.
Augusta- Aiken Ry. & Electric Co
Traction Co
.810 Cin. Newp. & Cov Light
Traction Co. ...764
742
Augusta (Me.) Hallowell A Gardiner RR.—
759
Brunswick Trac- See Eliz. & Rar. St. Ry. .784 Cincinnati Northern Traction Co
See Aug. Winthi op & Gardiner
742 Buffalo Bellevue & Lancaster Ry.— See InCincinnati St. Ry.— See Cincinnati Tract.. .760
Augusta CGa.) Ry. <te Electric Co
829
ternational Traction
752 Cincinnati Toledo A Det. Shore Line
742
Augusta Winthrop & Gardiner Ry
760
752 Cincinnati Traction Co
742 Buffalo & Depew Rv
Aurora Elgin A Chicago
752 Citizens' Eleo. Co. (Eureka Springs, Ark).. 829
755 Buffalo Dunkirk & Western RR
Austin Electric Ry
742 Buffalo East Side St. Ry— See Intern. Trao. 752 Citizens' Electrio Co. See Somerset Union
783
Buff. Gardenv. <te Ebenezer Ry.— See Buff.
A Middlesex Lighting Co
See United Rys. Co. .8 1
752 Citizens' Elec. Ry. L. <te P. Co.- See Mansf.
Southern Ry
Baden & St. L.
akersfleld Gas & El. Lt. Co.— See Power
Ry. Light A Power Co
789
Buffalo & Lockport St.Ry.— See Inter. Tract.7t 2
Transit A Light
Citizens' Eleo. St. Ry., Newburyport, Mass.798
742 Buffalo Hamburg A Aurora Ry.—See Buf
Bakersfleld A Kern Elec. Ry.— See Power
falo Southern Ry
752 Citizens' Pass. Ry.—See Harrisburg Trao... 777
Transit & Light.
742 Buffalo & Niagara Falls Electrio Ry.— See
Citizens' Pass. Rv. (Phila.)— See Union Tr.. 804
Ballston Term'l RR.— See East N. Y. RR...742
7*2 Citizens' RR., Light & Power Co. (FishkillInternational Traction
Baltimore* Bel Air Electric Ry
on-Hudson)
772
829 Buffalo Ry.— See International Traction... 75
Baltimore Catonsville & Ellicott's Mills
Buffalo & Roch. RR.-See Buff. & Depew.. 752 Citizens' Ry. (St. Louis)— See United Rail
Pass.
815
See United Rys. A Elec. Co... 743 Buffalo Southern Ry
ways Co
752
Baltimore City Passenger Railway— See
Citizens' Ry. (Waco, Tex)
827
Buff. Ton. & Niag. Falls Elec. RR.— See InUnited Rys. &Elec. Co
752 Citizens' Ry. L. A P.— See Norfolk Ports743
ternational Traction
Baltimore A Laurel Eleo. Ry.— See United
793
752
mouth Newport News Co
Buffalo Traction— See Intern. Traction
Ry. & Electric
792
752 Citizens' Ry. A Light Co. (Muscatine)
743 Buffalo & Williamsville Electric Ry
Baltimore A Northern Electrio Ry.— See
792 Citizens' Rapid Transit— See Nashville Ry..792
BurliDgton County Ry
United Rys. & Electrio Co
329
743 Burlington (Iowa) Ry. & Light Co
754 Citizens' Rapid Transit Co
Bait. Sparrows Point & Chesapeake Ry.. .74 3 Burlington (Vt.) Traction
754 Citizens' St. Ry. (Indianapolis, Ind.)— See
Baltimore Traction— See Unit. Rys. & Eleo.74-i Butte Electrio Ry
Indianapolis Steet Ry
779
754
Baltimore & Washington Transit
P27
Citizens' Street RR.— See Memphis St. Ry..790
Bangor Hampden A Winterport Ry
.754 Citizens' Street Ry. (Muncie, Ind.)— see
743 Cairo Electrio & Traotion Co
Bangor Orono A Old Town Ry
740
Union Traction of Indiana
743
alais (Me.) Street Railway
754
Bangor Street Ry.—See Publio Works Co. .743 California Central Gas & Electric Co.—See
Citizens' Traction— See Cons'd Trac. Sys. ..810
Barre & Montpelier Power & Traction
74 3
Calif Gas & Eleo. Corp
818 City Electric Ry (Port Huron, Mich.j—See
Bath St. Ry.— See Lewlston Br'nsw'k ABath786 California Gas & Electrio Corporation
769
Detroit A Port H. Shore Line
818
Bay Counties Power Co.— See Calif. Gas &
815
City Electrio Ry. (Rome, Ga.)
California Paciflo Ry.- See Los Angeles InEleotiicCorp
766
818
terurban Ry
788 City Railway (Dayton, Ohio)
Bay Shore Teiminal Co
s-29 California Street Cable
829
818 CltyStreetRy
Beatrice (Neb.) Elec. Co
755 City A Suburban—See Un. Rys. & Eleot.
743 Calumet Electric St. Ry
Beaver Valley Traction
74S
Co. of Bait
743 Cambridge RR— SeeWest End St.Ry., Boston7 15
Bellaire Bridgeport (O.) & Martin's Ferry
City A Suburban Ry.— See Portl. Cons. Ry..812
Camden Gloucester & Woodbury Ry.—See
Street Ry.— See Wheeling Traction
827
828
So. Jersey Gas Elect. & Traction
784 City A Suburban Ry., Wash., D. C
Belle City Elec. Co.— See Milw. L.H. A T. 791 Camden Horse RR.— See Camden & 8ubur'n784 Cleveland Berea Elyria A Oberlin Ry.— See
Bellevue Water & Fuel Gas Light Co.— See
760
Clev. A Southwestern
Camden Inter-State Ry
779
Cin Newp't A Covington L't & Tract. Co. 754 Camden & Sub. Ry.— See Pub. Serv. Corp. .784 Cleve. A Berea St. Ry— See CI. Ely. & West.760
Bennington A Hoosi'k Valley Ky
.7i4 Cleveland & Chagrin Falls Electric— See
778 Camden & Trenton
762
Benton Harbor A St Jos'ph Eleo.Ry. * Lgt.815 Canal & Claiborne
794
Eastern Ohio Traction Co
See N. O. Ry
Bergen County Traction— See N. J. & Hud
Cat ton- Akron Ry.-754 Cleveland City Ry.-See Cleve. Elec Ry...760
son Ry. <fc F
Clevel. AEast. Ry.-See East-Ohio Tract.Co. 62
776 Canton-Massillon Electric Ry.— See Can760
Bergen Turnpike Co.— See J. C. H.APat.Ry.783
754 Cleveland Electrio Ry
ton-Akron Ry
Berkshire Street Ry.— See Consolidated Ry.79J Canton-New Philadelphia Ry. Co...
754 Cleveland Elyria A West.— See Cleve. A
760
Berwyn A Laurel Electrio— See United Ry.
Southwestern Trac
Cane May Del.Bay ASewell'sPointEleo.Ry. 754
762
& Electric Co
743 Capital Elect. Co.— See Springf Ry.ALt.Co.822 Cleve. PainesvlUe & Ashtabula RR
762
Beth. * Nazareth— See Leh. V. Trac
827 Cleveland Painesville A Eastern RR
739 Capital Traotion
Beverly A Danvers—See Boston & Nor
820 Cleveland A Southern Ry.-See Cleve. A
746 Carbondale Ry. See Scranton Ry ..
760
Biddeford A Saco Railroad
Southwestern Trac Co
744 Carbon Street Ry
790
760
Blnghamtoii Lest. & Union— See Bing. RR.744 Cass Avenue & Fair Grounds Ry—See
Cleveland A Southwestern Traction Co
Bingham pton Railway Co
744
815 Clifton Suspension Bridge -See InternaUnited Railways Co
*2
Birmingham Knoxville & Allento wn Tractional Traction
Catharine & Bainbridge Streets Ry— See
789
tion—See Plttsb. A Birmingham Tr
804 Coal Belt Electrio Ry. Co
810
Union Traction
Birmingham Railway & Electric— See BirCayuga Lake Elec. Ry.— See IthacaSt. Ry..780 Coal Castle Elec. Ry.-See Pottsville Un.
e!2
mingham Ry. Lt. A Power
Traction
744 Cedar Rapids & Iowa City Ry, A Light Co. 755

—

.

)

1

&

—

RR—

.

RR—

&

RR—

.

.

.

—

—

"

INDEX TO RAILWAYS.

Feb., 1905.

Paob

Page.
Coalville Pass.— See Wilkesb.

Coeur d'Alene

& Spokane Ry

& W.

Va. Tr..807

762

739
Cohoes Ry.— See United Trao. Co
Colonial City Tract.— See Kingston Con.Ry.785
762
Colorado Springs <fe Interurban Ry
Colorado Springs Rapid Transit. -See Colo762
rado Springs &, Interurban
Columbia, 8.C., Eleo. St. Ry. Light & Power762
744
Columbia & Montour Eleo. Ry
«27
Columbia Railway
Columbus Buckeye Lake & Newark Trac. .763
Columbus, O., Consolidated Street Ry.—
763
See Columbus Ry
763
Columbus Delaware & Marion
Columbus Edison Co.- See Col. Ry. &Lt.Co.763

Columbus
Columbus

763

(Ga.) Eleo. Co.

& 9th

RR.—See Metropolitan

Av.

795
Street Ry
Columbus Grove City <fe Southwestern Ry.
—See Columbus London & Springfield Ry.764
764
Columbus London & Springfield Ry
Columbus New Albany & Johnst. Trac Co. 7 64
Columbus Newark & Zanesville Elec. Ry.— 763
Columbus North. Ry.. Power & Equip.—
..764
See Col. Del. & Marion
Columbus, Ga., RR.— See Columb. Eleo. Co.763
Columbus Ry.— See Columbus Ry. & L. Co..763
763
Columbus Ry. & Light Co
Commonwealth Avenue Street Ry.— See
745
Newton Street Ry
Compton Heights Union Depot & Merchants' Terminal Ry— 8ee United Rys. Sy s. 8 1
764
Concord Maynard & Hudson Street Ry
764
Concord Street Ry
751
Coney Island & Brooklyn RR
Nassau
Coney Island & Gravesend— See
751
Electric
Conestoga Traction— See Lan. Co. Ry. &Lt.786
764
Conneant & Erie Traction Co
747
Connecticut Ry. & Lighting.
Conshohooken Ry—See Schuylkill Valley 807
Consolidated Ry. Co (New Haven)
793

—

Consolidated Rys. Light & Power Co. (Wil828
mington, N. C
Consolidated Railway & Power Co.— See
.817
Utah Light* Ry
Consolidated St.— See Portland Cons. Ry.812
Consolidated Traction of New Jersey
782
810
Consolidated Traotion of Pittsburg, Pa
Continental Pass. Ry— See Union Traotion. 804
Coplay Egypt & Ironton— See L. Vai. Traot.739
764
Corning & Painted Post St. Ry
Corrlgan Consolidated St. Ry— See Metropolitan Street Ry.,

Kansas

City,

Mo

784

764
Cortland County Traction
Cros8town St. Ry.(Buffalo)— See Inter. Trao.752
Crosstown St.— See Columbus Ry. &Lt. Co.,763

Cumberland Electric Ry

Cumberland* Westernport

Eleo.

829
7b5

Ry

Dallas Consolidated Eleotrio Street Ry.—
See Dallas Eleotrio Corporation
765
Dallas Electric Corporation
765
Danbury (Conn.) & Bethel Street Ry
765
Danbury & Harlem Traotion Co
829
Danville Paxton & North'n Ry.— See Danv.
Urbana & Champaign Ry ..
.765
Danville (111.) Street Ry. & Light
765
Danville Urbana & Champaign Ry.
..7 65

Dartmouth & Westport St. Ry., New Bedford793
Davenport & Rook Isl. Ry—See Tri-Clty Ry.765
Dayton Covington & Plqua Traotion
766
Dayton & Kenton Ry..
829
Dayton Lebanon <fe Cincinnati Ry
766
Dayton & Munoie Traction Co
766
Day ton & N orthern Traction Co
766
Dayton & Soldiers' Home RR—See City Ry.766
Dayton Springfield & Urbana Eleo. Ry
766
Dayton Traotion— See Cin. Dayton & Tol.
Traction Co
759
Dayton & Troy Eleotrio
766
Dayton & Troy Traction— See Dayton Covington & Piqua Traction
766
Dayton <fe Western Traction
766
Dayton & Xenia Transit Co
766
Decatur Gas & Elec. - See Decatur Ry.& Lt.765
Decatur Railway & Light Co
765
Decatur Trac. & Elec— See Decat. Ry.& Lt.765
Delaware County & Philadelphia Eleot. Ry.
—See United Power & Transportation.... 806
Deni8on & f herman Ry
767
Denver City RR.— See Denver City Tram... 767
Denver City Tramway
767
Denver Consol. Tram.— See Den. City Tram. 767
Denver & Interurban Ry
829
Denver <fe Northwestern Ry
767
Denver Tramway Power Co.— See Denver
City Tramway Co
767
Derby Street Ry.— See Conn. Ry. & Ltg. Co.747
Des Moines City Ry
767
Des Moines St. RR.— See Des M. City Ry.767
Des Moines Suburban Ry— See Des M. City.767
.

Desplaines Val. Elec—See ChlcDes.Val.El.802
Detroit * Bay City Trac Co
829
Detroit City Ry.-See Detroit United Ry
767
Det. Citizens' St. Ry.— See Det UnitedlRy.767
Detroit Eleo. Ry.— See Detroit United Ry..767
Detroit & Flint— See Detroit United Ry....767
Detroit Flint & Saginaw Ry,
829
Detroit Fort Wayne & Belle Isle Ry.— See
Detroit United Ry
767
Detroit & Lake St. Clair
See Detroit
& Port Huron Shore Line
769
Detroit Lake Shore &Mt. Clemens Ry.— See
Detroit & Port Huron Shore Line
769
Detroit Monroe & Tol. Eleo. Short Line Ry.769
Detroit <fe Northw.— See Detroit UnltedRy.767
Det. Pontlao Lapeer* No. El. Ry
829
Detroit & Pontiac Ry.— See Det. United Ry.767
Detroit <fc Port Huron Shore Line
769
Detroit Ry.— See Detroit United Ry
767
Detroit Rochester Romeo & Lake OrionSee Detroit & Flint Ry
767
Detroit Sub. Ry— See Detroit United Ry...767
Detroit United Ry
767
Detroit Utica & Romeo Eleotrio— See Detroit United Ry
767
Detroit Ypsllanti Ann Arbor & Jackson Ry.769
Dighton Somerset <fe Swansea St. Ry. -See
Old Colony 8t. Ry
746

RR—

Dixon Rook

Falls

& Southwestern El.

Ry..829

Dover Soniersworth

& Roohester— See New

771
Hampshire Traotion Co
& Willow Grove Ry.— See
804
Philadelphia Rapid Transit Co
D. D. E. B'dway & Bat.— See Third Ave. Sys.797
Du Bois ElAotric & Traotion Co
770

Doylestown

St. Ry.— See Duluth Superior Tract.770
Duluth-Superlor Traction
770

Duluth

Dunkirk & FredoniaRR
774
Duquesne Traction—See Consol. Traotlon810

East Cleveland—See Cleveland Electric. 760

astern New York RR
742
Eastern Ohio Traction
762
Eastern Wlsoonsln Ry. & Light Co
772
EastH. Pass.— See Harrisburg Traotion
777
East Hartford & Glastonbury Street RR.—
See Hartford Street Ry
777
East Jersey St. Ry.— See Eliz. & Rar. Rlv.
St.

Ry

784

East Liverpool Ry.-See United Power Co.770
East Middlesex Street Ry.— See Boston &
Northern 8treet Ry
746
East Reading Eleo. Ry— See Reading Tract.807
East St. Louis Eleotrio Street RR— .See East
770
St. Louis & Suburban Co
East St. Louis & Suburban Co
770
East Side Elec (Kan. City)— See Met. St. Ry.784
Easton&Beth'hemTran.— SeeEas.Con.Eleo.770
Easton Con. Elec.
770
Easton Palmer & Bethlehem Eleo. Ry.—See
Easton Consolidated Electric
770
Easton Transit— See Easton Con. Eleotrio.. 770
Eau Claire Lt. & Power Co.— See Chlpp.
Val El. RR
770
Edison Eleotrio of New Orleans— See N. O.

794

Railway Co

Edison Elect. 111. Co. of Lebanon, Pa.— See
United Power & Transportation
806
Edison Eleotrio Light Co.— See Lancaster
County Ry. & Light
786
Edwardsville Alton & St. Louis Ry.-See
Alton Granite & St. Louis Co
740
Eighth Ave. RR.— See MetroD. St. Ry. Sys. .796
Eleotrio Traction (Philadelphia, Pa.)— See
Union Traction
804
Elgin Aurora & Southern Traction
742

Elgin City Carpentersville & Aurora Ry.742
See Elgin Aurora & Southern Tract
Elgin City Ry.-See E. A. & S. Tract
742
Elizabeth Plainfleld & Central Jersey.— See
Public Service Corporation
783
Elizabeth & Raritan River Street Ry
784

Elmlra A Horseheads Ry.-See El. W.L.&RR 77
ElmiraMunic Imp.— See El. W. L. & RR...771
Elmira & Ssneca Lake- See Rys. Co. Gen'1.803
Elmlra Water Ltght A RR
771
"795
Elm St. Conn. Ry.—See Met. St. Ry
Elm wood Ave. &Ton. Eleot.—See Hit. Trao.752
El Paso Eleotrio Co
771
El Paso Eleo. Ry.-See El Paso Elec. Co.. 771
El Paso & Juarez Traotion— See El. Paso
771
Electrlo Co
El wood Elect.— See Union Trac of Ind
740
Elvrla Grafton & Southern— See Cleveland
Elyrla & Western Ry
760
Elyria & Oberlin— See Clev. Elyrla & West.760
Empire Pass. Ry—See Union Traction Sys. 804
Enfield & Longmeadow Eleo. Ry.— See
Hartford & Springfield
823
Ephrata & Adamstown Ry.— See Lancaster
. .

Co. Ry. & Lt. Co
786
Erie Cambridge Union & Corry Ry. Co
929
Erie Electric Motor Co
771
Erie Rapid Transit Street Ry
771
Erie Traction Co
771
Essex Elect. St. Ry—See Boston
North.. .746
Essex
Hudson Gas Co.— See Public Service Corporation
783
Essex Pass. Ry—See Newark Passenger Ry782
Evanston (111.) Electric Ry.— See Chicago
Coe solldated Traction
757
Evansville Electric RR
771
Evansville & Princeton Traction Co
771
Everett Ry.
Electric Co
,
771
Exeter Hampton & Amesbury.— See New
Hampshire Traotion Co
771

&

&

&

Fair Haven & Westville RR— see Consolidated Ry
793

831
Page.
Fountain-Warren Traotion Co
829
Fourth St. & Arsenal St. Ry
829
Fox Rlv. Elec Ry.& Pow. (Green Bay, Wis.) 77
Framlngham Southboro & Marlboro Street
Ry.—See Boston & Worcester Eleotrio... 747
Framlngham Union Street Ry.— See Boston & Worcester Eleotrio Cos
747
Frankford & Southwark Passenger Ry.See Union Traotion System
805
Frankfort & Versailles Traotion Co
774
Frederick & Mldaletown Elec. Ry
774
Freeport Ry .. Light & Power Co
'74
Fresno City Ry.-See Fresno Traotion Co. 774
Fresno Traction Co
774
Fresno Gas & Eleotrio Light Co.— See Cali
fornia Gas <& Eleotrio Corporation
818
Frostburg Eckhardt & Cumberl'd Eleo. Ry.
—See Cum berland & Westernport
765
Fulton Elevated— See Kings Co. Elevated.. 751
RR— See Met. St. Ry. System 797
Fulton Street

& Dahlonega Electrlo Ry...774
alesburg Eleotrio Motor & Power— See
Galesburg Ry. & Light Co
774
Galesburg Gas <s Eleo. Co.— See Galesburg
Ry <fe Light Co
774
Galesburg Ry. & Light Co
774
Galveston City Railway.
775
Gainesville

Gardner Westminster <te Fitch. St. Ry
775
Gas & Electric Co. of Bergen County
784
Gas Light Co. of Col., Ga.— See Col. E1.C0..763
Geary Street Park & Ocean RR
819
General Eleotrio Railway (Chicago, 111.). ..758
Geneva Waterloo S. F. & Cayuga L, Tract 775
Georgetown & Lexington Traotion Co.—
See Blue Grass Traction Co
786
Georgetown Kowley & Ipswich— see Old
Colony St. Ry
747
c 27
Georgetown & Tenallytown Ry
Georgia Eleo. Light Co.- See Ga. Ry. & El. 741
Georgia Ry. & Electrlo Co
741
Germant'n Pass. Ry— See Union Trac Sys 805
Glens Falls Sandy Hill & Ft. Edward Street
RR. -See Hudson Valley Ry
775
Globe Street Ry. (see Old Colony St. Ry.)..746
Gloucester Essex & Beverly (see Bos.& No. 746
Gloucester & Rockport— See Boston & Nor746
Gloucester St. Ry. (see Boston & Northern746

& Hudson St. Ry...829
776
& Cnic Ry...."
776
<& L. Michigan Ry
— iee Gr. Rapids Holland & Chicago Ry.7?6
Grand Rapids & Kai. Valley Ry
829
Goffs* Falls Litchfield

Gd Haven & Muskegon Rv

Gd. Rapids

Grand Rapids Holland
Grand Rapids Holland

Grand Rapids Ry
775
Grand St. & Newtown.—See Bkln.RaD.Tran.749
Great Falls (Montana) Street Ry
776
Greene & Coates Sts. Philadelphia Passenger Ry— See Union Traction Svstem
805
Greenfield Deerfleld&Northampton St. Ry.776
Greenfield & Turners Falls Street Ry
776
Greenp. & Lorlmer St.— See Bkln. Rap.Tran.746
Greenville

(S. C. )

Greeenwioh

&

Traotion Co

Schuylersville Eleo.

See Hudson Valley

Ry

7 76

RR.—
775

Co— see Consol. Ry..793
Electric Ry
829
Grotou & Stonington St. Ry
829
Hagerstown & Boonsboro Ry.— See Hagagerstown Ry
776
Greenwich Tramway

Greenwood

Hagerstown Ry
776
Hamilton Cataract Pow. Light & Traot. Co. 8 29
Hamilton & Llndenwald El. Trans.— See
Cin. Dayton & Toledo Traction
759
Hammond Whiting & E. Chi. Eleo. Ry
776
Hampshire <& Worcester Street Ry
829
Hampton Roads Electric Ry
8^8
Harrisb. City Pass.— See Harrisburg Trac. 777
Harrisburg & Mechanicsburg Electric Ry—
see Valley Traotion Co
777
Harrisburg Traction
777
Hartford Manchester & Rockville Tramway 777
Hartford & Springfield St. Ry
823
Hartford Street Ry
777
Hartford Turnpike— See United Rys.&Eleo.743

& Wetherstteld RR— See Hart. St. Ry777
Electric Ry. (Cuba)
777
Haverhill & Amesbury Street Ry
777
Haverhill & Andover (see Mass. Eleo. Co.). 745
Haverhill Georgetown & Danvers— see Old
Colony St. Ry
747
Helena G. L. & Coke— See Helena P. & L. .778
Helena Light & Traction Co
778
Hart.

Havana

Fairmont & Clarksburg Traotion Co
772
Falrmount Park & Delaware River Passenger—See Germantown Passenger Ry 805
Falrmount Park & Haddington Pass. Ry—
See Hestonvllle Mantua & Falrmount
805 Henderson (Ky.) City Ry
778
Falrmount Park Transportation Co
803 Herkimer Mohawk Ilion & Frank. Elec. Ry.
Farmington 8treet Railway
—See Utica & Mohawk Valley Ry
826
777
Federal Street & Pleasant Valley Ry.— See
Hestonville Mantua & Falrmount Pass. Ry.805
United Traction System, Pittsburg
810 Highland RR. -See Louisv.& So.Ind. Trao.793
Highland St. Ry— See West End St. Ry
Ferries & Cliff House Ry.-See United R. R.
745
of San Fran
819 Hlngham St. Ry.-See Old Colony St. Ry...746
Findlay Street Ry.— See Toledo Bowling
Holyoke Street Ry
778
Green &So. Traot
824 Holmesburg Tacony Frankford Elec Ry.
Fishkill Eleo. Ry.-See Citizens' Street Ry.772
—See United Power & Transportation
806
Fitohburg& Leominster Street Ry
778
77 2 Honolulu Rapid Transit & Land Co
Florence Eleotrio Street Ry
772 Hoosao Val. st.Ry.- See Pittsfleld Eleo. Ry.8ll
Flushing & College Point Eleo. Ry.— See
Hot Springs Street RR
778
N. Y. & Queens Co
778
787 Houghton County St. Ry. (Mich.)
Fond du Lao A Oshkosh Eleo. Ry.—See
Houston Electrlo Co
779
Eastern Wis. Ry. & Light Co
772 Houston W. St. & Pav. Ferry—See Metro'n
Fond du Lac St. Ry. & Light.— See Eastern
795
St. Ry
Wisconsin Ry. & Light Co
772 Hudson County Gas Co.— See Public Ser783
Forest City St. Ry. (Cleveland)
vice Corporation
762
Fort Dodge Light A Power Co
829
77 2 Hudson Pelham & Salem St. Ry.
Fort George & Eleventh Avenue RR.—See
776
Hudson River Traction Co
775
Met. St. Ry. Sys
796 Hudson Valley Ry
Fort Pitt Traotion— See Cons'd Trac (Pitts.) 81
Hyde Park Eleo. Light (Mass. Elec Cos.).. 745
Fort Scott Gas & Eleotrio Co
772
Fort Smith Light & Traotion Co
772 Illinois Traotion Co
765
Ft.W'ne Logansp. Lafayette & Lima Tr. Co.
lllnois Valley Railway Co
801
—See Ft. Wayne & Wabash Val. Tr. Co... 772 Illinois Val Trac Co.-S->e 111. Val. Ry
801
Ft. Wayne & Southwestern Traction Co.—
Indiana Electrlo Ry.-See Indiana Ry
821
See Ft. Wayne <fc Wab. Val. Trac Co
772 Indiana Northern Traotion Co
829
Fort Wayne Traotion Co.— See Ft. Wayne
Indiana Ry. (South Bend)
821
Wabasu Valley Traction Co
772 Indiana Union Traction Co
740
Fort Wayne VanWertA Lima Trac. Co
829 Inulanapoils & Cincinnati Traotion Co
780
Fort Wayne & Wabash Val. Trac Co
772 Indianapolis Coal Traotion Co
779
Forty-second Street & Grand Street Ferry
Indlananap. Colum. & South. Trac Co
779
RR—See Metropolitan St. Ry. System
797 Indianapolis & Eastern Railway Co
779
Forty-second St. Manhatv. & St. Nicholas
Indianapolis & Greenfield Rapid TransitAve. Ry— See Third Avenue System
797
See Indianapolis & Eastern Ry
779
. .

.

<ifc

—

5
1

.

INDEX TO RAILWAYS.

832
Page.

&

Martinsville Rap. Tran. Co.780
Indianapolis
Indianapolis Northern Traotion Co.— See
Union Traction Co
740
Northwestern Trao. Co
Indianapolis
780
Indianapolis & Plain. El. Ry.— See Ind. Coal

Co

779
Ind Shelbyville & Southeastern Trao. Co. —
7S0
See Ind. & Cln. Tr Co
Indianapolis Street Ry
779
Indianapolis Traotion & Terminal Co
77 3
Indian Territory Traotion Co
822
International Ry.— See Inter. Traction Co.. 752
International Traction Co. (Buffalo)
752
799
Inter-State Consolidated Street Ry
Inter-State Railways Co.
806
Inter-Urban R'y.— See Saginaw Val. Trao... 8 lft
767
Inter-Urban Ry. (Des Moines)
Interur >an Ry. A Terminal Co
760
Inter-urban Street Ry.— See
City Street Ry
,
lone & Eastern RR
Ithaca-Cortland Traotion Co
Ithaca 8treet Ry

New York

795
780
829
780

Jackson & Battle Creek Traction Co

780

780
ackson Consolidated Traotion Co
Jackson (Miss.) Elec Ry. Lt .& Power Co.. .780
Jackson & Suburban Traction Co.— See
Jackson Consolidated Traction Co
780
Jacksonville (Fla.) Electric Co
782
Street Ry
782
Jeffersonville New Albany & Sellersburg
Electric.793
Electric Ry.— See United Gas
Jenney Elec. Lt Co.— See Ft. Waine <fe
772
Wab. Val. Trac.

Jamestown

&

785
Jersey Central Traction Co
Jersey C'y&BergenRR— SeeNo.Jer'ySt.Ry.782
Jersey City Harrison & Kearney Ry. Co.—
782
See North Jersey St. Ry
Jersey, City Hoboken & Paterson— See Pub783
lio Service Corporation
Johnstown Passenger Ry
784

RR

Joliet Plalnfleld & Aurora
Joliet Railroad— See American Rys.

784
802

Co

Kansas City Cable—See

Metropolitan St. 784
ansas City Electric Light Co.— See Kan-

784
sas City Railway & Light Co
784
Kansas City Elev. Ry—See Met. St. Ry
186
Kansas City-Leavenworth RR
Kansas City * Olathe Ry
829
784
Kansas City Railway & Light Co
Kenosha Electrio Ry
7 85
Kenton & Southern Ry. - See Day. Springf
766
AUrbanaRy
786
Keokuk Elect. Ry. APower (Iowa)
7*5
Key West Electrlo Co
^98
Klngsbridge RR.— See Union Ry
Kings Co. Elevated.— See Brooklyn Rap.Tr.749
Kings Co. Traction- See Nassau Electric 75
Kingston City RR.— See Kingston Cons. Ry.785
.

Kingston Consolidated
Knoxville Traction

Ry

785
85

...'

Kokomo Marlon & Western Traotion Co ...7c
Kokomo Ry. & Light Co —See Kokomo

Marion & Western Traction Co
785
Kutztown & Fleetwood Traction Co.—See
AllentownA Reading
739

Lackawanna Valley Traction— See Scran820
ton Ry
Lackawanna & Wyom. Val. Rap. Trans. Co.b^O

Laconia Street Ry
785
Lacrosse City Ry
786
Lacrosse & Southeastern Ry
829
Lafayette Street Ry.- See Ft. Wayne &
Wab. Valley Trao. Co
772
Lake Erie Bowling Green & Napoleon Ry.747
Lake Erie Traction Co
771
Lake Roland El. See United Rys. & Elec.
743
Co of Baltimore
Lake Shore Electric (Cleveland)
762
Lakeside Ry., Mahanoy City, Pa.— See
Schuylkill Traction
775
Lake St. Elev. RR.— See Chio. & Oak Park

—

Elev. Ry
758
Lancaster City Street— See Lanoaster Co.
Ry. &Lt. Co
786
Lancaster & Columbia—See Lanoaster Co.
Ry. ALt. Co
786
Lancaster County Ry & Light Co
786
Lanoaster Gas Light & Fuel Co. See Lanoaster Co. Ry. & Lt
786
Lancaster Meohanicsburg A New Holland. 786
Lancaster A Mt. Joy.— See Lan. County Ry.
786
A Light Co
Lancai-ter Ry.— See Lancaster Co. Ry. A Lt.786
Lanoaster A Rocky Springs Ry.— See Lancaster Co. Ry. & Light Co
.786
Lansdale & Norrlstown Electric Ry
829
Lansing City Elec. Ry.— See Lansing &
,

.

—

Suburban Trac. Co
786
Lansing St. Johns A St Lonis Ry.— See
Lansing & Sub. Trao Co
786
Lansing A Suburban Traotion Co
786
La Salle Peru El. Ry. (seePeople's Lt.&Ry.)823
Lawrence Gas Co.— See Perm. A Man. Val.
Traction
829
Lawrence & Methuen St. Ry.—See New
Hamp. Traction Co
771
Lawrence & Reading.— See Mass. Elec. Cos.745
Lebanon Valley Street Ry.— See United
Power A Transportation
806
Lehigh Traction
777
Lehigh Valley Traction (Allentown, Pa.).. 739
Leominster Shirley A Ayer St. Ry..
829
Lewisburg Milton A Watsontown Pass.Ry.
—See Railways Co. General
803
Lewiston & Auburn RR.— See Lew. Brims.
A Bath St. Ry
786
Lewiston Brunswick & Bath St. Ry
786
Lewiston Connecting Bridge.— See International Traction
752
Lewiston & Youngstown Frontier RR
798

Lewistown

A Reedsville Electric Ry

786

Lexington Avenue & Pavonla Ferry Ry—
See Metropolitan Street Ry
795
Lexington & Bos. St. Ry.-See Bos. Sub. Eleo.745
Lexington Gas Co.— See Lexington By. Co. 786
Lexington Railway
786
Lima Electrio Ry & Light
786

Page.
Pagb.
787 Middleto wn-Goshen Electrio
790
815 Middletown H. &S.— See Harrisb. Traction. 777
Electrio Co
Little Rook Railway A
787 Middletown (Conn.) Street Ry. See ConLockport A Olcott. — See. Intern. Traotion. 751
solidated Rv Co
793
Logansporc Ry -See Ft. Wayne & Wab.
Milford Attleboro <fe Woonsocket St. Ry...790
Val. rrao. Co
772 Milford Holliston <fe Framingham St. Ry.Lombard & South Street Passenger Ry—See
See Milford & Uxbrldge Street Ry
790
Frankford A South wark Pass. Ry..
805 Milford A Uxbridge Street Ry
790
Lonaoonlng Midland A Frostburg Ry.— See
Mill vale Etna A Sharpsburg Street Ry.—See
Cumberland A Westernport
765
Allegheny Traction
810
London Aylmer & North Shore Elec. Ry...829 Millville Traction
791
London (Canada) Street Ry
787 Milton Elect. Lt. & Power Co.—See Rys.
Long Island Electrio Ry
782
Co (Jen
80X
Long Island Trac—See Brooklyn Rap. Tr.. ;49 Milwaukee City—See Milw. Elec. Ry. & L..791
Lookout Incline & Lula Lake—See ChattaMilwaukee Electrio Ry. A Light
791
nooga A Lookout Mt
75
Milwaukee Light Heat & Traction
791
Point Incline Co
Lookout
755 Milwaukee Street Ry.-See Milwaukee EleCleveland RR.— See Lake Shore
Lorain &
vated Ry & Light.
791
Electric
762 Minneapolis A St. P. Sub.— 8ee Twin C. R. T..791
78* Minneapolis St. Ry— See Twin City Rap. Tr.791
Lorain Street Ry
'88 Mississippi Valley Trans.— See East St. Louis
Los Ameles Interurban Ry
Los Angeles Ry
788
ASuburbanCo..
770
Los Angeles Pacific RR
788 Missouri RR.— See United Railways Co. ..815
Los Angeles A Pasadena Elec. Ry.— See PaMobile Light A RR
792
cific Electric Ry
...788 Mobile Street RR.— See Mobile Light A RR 792
Los Angeles & Redondo Ry
788 Moline Central 8treetRy.— See Tn-Clty Ry.765
Monmouth County Electric
Los Angeles Traction— See Los Angeles In
787
terurban Ry
788 Monmouth Tract.— See Camden & Trenton.764
Louisville Anchorage & Pewee Valley Ry.
Monongahela Street Rail way
8 10
789 Montgomery Street Ry
—See Louisville & Eastern
792
Louisville City Ry— See Loulsv. Tract. Co 788 Montgomery Traction Co
792
Eastern Ry
Louisville &
789 Montreal (Can.) Street Ry
792
Louisville A Interurban Ry.— See LouisMontreal Terminal Ry
829
ville Traotion Co
788 Montvitle St. Ry.-See Consolidated Ry Co.793
Louisville Ry,— See Louisville Tract. Co ...788 Montoursville Pass. Ry — See Rys. Co.. Gen. 803
Louisville & Southern Indiana Ry. See
Mt. Adams A Eden Pk. Inch \ See Cincln- 1 7firt
793 Mt. Auburn Cable Railway.. \ nati St. Ry. 5 /DU
United Gas A Electrio Co
'/88 Mt. Holly St Rv.— See BuilingtonCo Ry. 782
Louisville Traction Co
Lowe 11 & Boston Street Ry
829 Mt. Oliver Incline Plane Ry.— See P. & B.
Traction system
Lowell & Helham St. Ry.— See New Hamp.810
shire Traction Co
771 Mt. Washington Street Ry.— See Phila. Co. 809
Lowell & Suburban St.— See Boston A
Mousam River RR —See Atlantic Shore
Northern St Ry
746
Line Ry
818
Lowell Lawrence & Haverhill.- -See Boston
Multnomah St. Ry —See Portland Con.Ry.812
& Northern Ry
746 Muncie Hartford & Ft. Wayne irao. Co ..792
Lychburg Traction A Light
789 Muscatine Elec. Ry.— See Cit Ry & Lt. Co.792
— See Boston & Northern St. Ry..746 Muskegon Ti action & Lighting Co
Lynn tselt
792
Lynn & Boston RR.— See Bos. A No.St. Ry.746 Muskogee Traction :o
829
Myersv. A Catoctin Ry.— See Fred. A Middle774
Macon Electric Light & Ry.— See MaMystic Valley St. Ry.— See Boston A Northlfl con Ry. A Light Co
789
746
ern St. Ry.)
Macon Railway & Light Co
789
Madison Traction Co
789 %T ashua Street Ry.— See Bos. & No. St.Ry .746
1^1 astiville A Edgefield RR— See Nash. Ry.792
Mahoning Valley Ry. (Youngstown, O.) —
829 Nashville Ry. & Light Co
See Penn. & Mah. Val, Traotion
792
Nashville Street Ry.—See Nashville Ry
Manchester Street Ry.— See Manchester
792
789 Nassau Electric RR—See Bklyn. Rap. Tr...751
Tract Light <te Power
Manchester Traction Light A Power Co
789 Natchez Eieoiric 8t. Ry. & Power Co.— See
Manhattan Elevated Ry.— See Railway*
Southern L't & Traotion Co
793
Industrial Section.
Natiok A Cochituate St. Ry.— See Boston
829
Manila Electric Ry. A Lighting Co
Sub. EKc. Cos
.745
Manistee Filer City A East Lake Ry
789 Naticb & Needham Street Ry.- See Boston
Mansfield A Eastern Traotiou Co.
829
Suburban Eleo. Co's
745
Mansfield Ry., Light A Power Co.
746
789 Naumkeag St. Ry—See Boston A No
Marinette oas Elect. Light & St. Ry.— See
Needham A Boston— See Old Colony St. Ry.746
Menominee A Marinette Lt. A Trac. Co.. 790 Negaunee Gas L «ht Co.— See Marq Co. G.
Marlon City Ry.-See Un. Tr. of Ind
740
L,. * Tra^t. Co
793
Marion Ry. L'ght A Power Co. —See Col.
Negaunee <fc Ishpeming St. Ry. & Electrio—
764
793
Del. & Marion Ry
SeeMarq. <'o. O. L. A Tract
MarketSt.El ass. Ry. - 8ee Phil. Rap Trns.M04 Netherlands Tramway Corporation
793
Market St. Ry—8ee UnitedRR. of San Fran.819 Neversink Mountain Ry.— See United Trao.
Marlborough A Framlngham St. Ry.—See
807
(Readng)....
747 New Albany St. RR.— See Un. Gas & Elec. 793
Bost. & Wore Electrio Cos
Marquette County was Light A Trao. Co ..793 Newark Cons. Gas Co. —See Essex & HudMarshalltown (Iowa) Light Power A Ry...789
son Gas Co
783
790 Newark (O.) A Granville Electric Street Ry.
Mason city A Clear Lake Ry
745
—See Col Newark & Zaaesville Elec. Ry.793
Massachusetts Electrio Companies
Newark & Hack. Tr. See Hudson Riv.Tr..776
Mauoh Chunk Lehi«hton ASlatington Ry.790 Newark Pass. Ry.—See North Jer. St. Ry...T82
See Carbou St. Ry
Newark Plauk Road—See No. Jer. St. Ry..782
Mauinee Vallny Rys. & Light Co. -See To824 Newark & South Orange Ry.—See North
ledo Rys. A Li«ht Co
782
Jersey Street Ry
McGavock A Mt. Vernon Horse RR—See
"92 New Bedford Middleb. & Brockton— See
Nashville Ry
746
Old Colony St. Ry
Meadville & Cambridge Springs Street Ry .790
793
New Bedford A Onset Street Ry..
Mechanicville A sohuylerville.— See Hudson Valley Ry
775 New Brunswick Lt., Heat A Power Co.—
784
Media Glen Riddle & Rockdale— See United
See Public Service Corp
806 Newburg Elec. Ry.—See Orange Co. Trao ..798
Power & Transportation
Memphis street Ry
790 Newburg & Orange Lake RR.— See Orange
798
Menominee Electrio Light Ry. & Power
County Traction
.829
...790 New Gas le A Beaver Falls St. Ry
See Men. & Mar. Light A Tract. Co
Menominee & Marinette Light & Trac. Co 790 New Castle Electrio Co.— See Penn. A Man.
829
Menomin. e River jas Co— See Men. <s, Mar.
Valley Traction
.790 New Castle Traction.— See Penn. & Mah.
Light A Trao
829
Valiey Traction
Mercer Co. Traction—See Trenton St. Ry...807
771
Merchants Electrio Light Co.— see New OrNew Hampshire Traction Co
794 New Haven A Centreville Street Ry.—See
leans Railway Co
793
Menden Electrio RR - See Consol. Ry
793
Fair Haven* Westville RR
Meriden Horse RR.—See Menden Eleo
"t9i New Haven 8treet Ry.— See Fair Haven &
793
Westville RR
Menden Southington A Coin Dounoe Tram.—
747 New Jersey A Hudson River Ry. & Ferry.. 776
See Conn. Ry. <& Lightlng'Co
Meridian Light A Sy. Co
790 New Jersey & Penns> lvania Traction ... 826
626
New Jersey S hort Line RR
Merrimack Val. St. Ry—See Lowell Lawrence A Haverhill St. Ry
746 New Jersey & Staten Island Ferry Co.—See
Lincoln (Neb.) Traction
Llndell Ry.— See United Railways Co

&

Tr.

[Vol. LXix.

!

r

=

>

.

t

i

823
Richmond Light & RR. Co ...
Metropolitan Elec. See Springfield Tr.(Mo.)822
Met. Crosstown RR— See Met. St. Ry
795 New Jersey Traction—See Con. Trao. 8ys..782
Metropolitan Ry. Co.— See Oklahoma City Ry800 New London Street Ry.-See Consol. Ry Co.793
Metropolitan RR— (Washington, D. C.)
827 New Orleans A Carrollton RR. Light A
794
Power Co.— See New Orleans Ry
Metropolitan RR— See West End St. Ry.,Bos.745
Metropolitan securities Co
795 New Orleans City RR.— See New Or. Ry..794
Metropolitan St.RR— See Denver City.Tram 7^2 New Orl. City & Lake RR.— See N. O. Ry. .794
794
Metropolitan St. Ry.— See Kansas City Ry.
New Orleans Ry. Co
794 New Paltz & Poughkeepsie Traotion Co. ..829
A Light Co
Metropolitan St. Ry. (N. Y.)
.795 Newport A Dayton Street Ry— See Cincin764
nati Newport & Covington
Metropolitan West Side Elev. Ry. (Chlcago)758
Meyeisdale A Salisbury Street Ry. Co ...790 Newport Ilium.— See Newport <fe Fall River.746
Newport St. Ry.-See Newport A Fall River746
Mianiisburg A otermantown.— See Cln. Day"59 Newport & Fall River Street Ry.—8ee
ton AToiedo
746
Old C lony Street Ry
Michigan City Electrio Co.790
Michigan City Traction Co
790 Newport News A Old Point Ry. A Electric.799
See Norfolk Ports. & Newport News Co.
Michigan Traotion of Kalamazoo and Bat...798
803 Newport A Pro viuence Street Ry.
tle Creek— see Railways Co., General
Newton A Boston Street Ry.-See Boston
Michigan Trao. Ext. Co. See Michigan
"4:>
Sub. Eleo
803
Traction Co
Middleb. Wareham A Buzzard's Bay St. Ry790 Newton Street Ry.— 8ee Boston Sub. Eleo.745
Middlesex RR— See West End St. Ry., Bost. .745 Newtonville A Watertown Street Ry. See
745
Boston Sub. Eleo
Middlesex A Somerset Traction.- See
798
784 Newtown Eleo. St. Ry
Elizabeth A Rantan River St. Ry
Middleton & Danvers.— See Mats. Eleo. Co.745 Newtown liy.—See N. Y. A Queens Co. Ry.787
New Williamsburg A Flatbush RR.— See
Middletown & Bloomingsburg Tract. See
749
Brooklyn Rapid Transit
Middleto wn-Goshen Electrio
790
.

.

.

—

Feb.,

INDEX TO RAILWAYS.

190,").]

Page

Page
829
795
NewYork&HarleniRR.-8eeMet.St.Ry.Sys.797
778
N. Y. & Long Island Traction
New York & North Shore Ry.— See Long

New York City Interborough
New York City Ry
Island Eieotrlo

Ry. Co

782
826
829

Ry

New York-Philadelphia Co
New York & Port Chester Ry
New Yor"* A Queens County Ry., L. I. City. 787
New York & 8tamford Ry.-8ee Consolida793
ted Ry
829
New York Westchester & Boston Ry

—

Niagara Falls & Lewiston—SeeNiag.Goige79H
Niagara Falls Pk. & River—See Int. Xrac.752
Niagara Falls & Suspension Bridge Ry.—
752
See International Traction
Niagara Falls Whirlpool & Northern Ry.—
75
See International Traction
798
Niagara Gorge RR. (Electric)
798
Niagara St. Catherines & ToroDto Ry
Ninth Avenue RR.— See Metro. 8t. Ry. Sys..797
Norfolk <fe Atl. Term.— See Newport News
799
&01d Point Ry. & Eleo
.799
Norfolk & Bristol St. Ry
Old Colony St. Ry.74-s
Norfolk Cen. St. Ry.— See
Norfolk City RR— See Nor Ry. & Light Co 799
Norfolk Portsmouth & Newport News Co. 799
799
Norfolk (Va.) Ry. & Light
Norfolk Southern 8t. Ry. SeeNorf &Bristol.799
Norfolk Street RR.— See Norfolk Ry.&L.Oo 799
Norfolk Sub. RR.— See Old Col. Street Ry 746
799
Northampton Street Ry
799
Northampton & Amherst 8t. Ry

Northampton Traction Co. (Easton, Pa) ...770
No. Augusta Electrio & Im> rovement Co. .742
757
North Chic. Eleo. Ry.- See Chic. Consol
757
North Chicago Street RR
North Detroit Elec—See Detroit United Ry.767
Ry—See Worcester Cons. 828
North End Street
7 8
Northern Electrio Ry. (Chioago)
North Hudson County Ry.— See J. C. Hob.

&

.....783
Ry
Jersey St. Ry.- See Public Serv. Corp. 82
River Ry.— See Hudson Valley Ry...775
Side Consolidated St. RR. (Chatt.)...755
Side Electrio St. Ry.— See Chicago
757
Con. Traction
North Side Passenger Ry. (Pittsburg)— See
Citizens' Traction
810
North Side Traction— See United Traction
Pat.

North
North
North
North

(Pittsburg)
809
801
Northern Illinois Light & Traction Co
829
Northern Indiana Railway Co
774
Northern Texas Traotion (Ft. Worth)
Woburn St.— See Boston & Northern.746
North
Northern Ohio Traction & Light Co
739
739
North. Ohio Tr.- See N. O. Tr. ALt.Co
829
Northern Traction of Indiana
75 9
Northwestern Elevated (Chicago)
Norton & Taunton Street Ry
799
Norwalk Gas & Eleo. Co.— See Cleveland &
Southwestern Traction
760
Norwich Street Ry.—See Consolidated Ry .793

Oakland Gas Light & Heat Co.— See California Gas &Elec. Corp
818
Oakland RR-See Oakland Traction Co ...799
Oakland San Leandro & Hay wards Electric

—See Oakland Traction Consolidated 799
Oakland Traction Consolidated
79a
Observatory HU1 Pass. Ry.— See Federal St.
& Pleasant Valley Ry
810
Ogden Street Ry— See Chicago Con.Traction757
Ogdensburg Street Ry. —See St. Lawrence
Gas. Eleo. & Trans. Co
-.
800
Ohio Central Traction (Galion. Ohio)
77
Ohio River Elec. Ry & Power
811
Oil City St. Ry.— See Venango Power & Tr.800
Oklahoma City Ry. Co
800
Old Colony St. Ry.—See Mass. Eleo. Co.'s..746
Old Domini jn Ry.— See Norf. .torts & New.
News Co
799
Olean Rook City & Bradford Ry
800
Olean Street Ry
800
Oley Valley Ry.— See United Traction Co.. 807
Council Bluffs Ry. & Bridge
Omaha &
800
Omaha & Council Blutts Street Ry
800
Omaha Council Bluffs & Suburban Ry.—
See Omaha & C. B. Ry. & Bridge Co
600
Omnibus Cable Ry— SeeUn. RRs.of S. F....J-19
Oneonta Coopers to wn & Richfield 8 Dgs. Ry 800
Orange County TraotionCo
798
Orange & Newark— See Newark Passenger 782
Orange & Passaic Valley Ry.— See Publio
ServiceCorp
783
Oregou Water Power & Railway Co
812
Orleans RR.— See New Orleans Ry
79
Oswego Traction Co
801
K29
Ottawa Eieotrlo Ry.....
Ottawa Ry. L. <fc P. -See No.Ill.Lt. & Tr.Co.80
Ottumwa Traotion & Light Co
801
Owensboro City RR
80i
Owobso & Corunna Elect. Co
80t
>

Pacific Electric Ry

788

& P. Co.— See Los Angeles Ry..788
Paduoah City Ry. Co
801
Paducah Ry. & Light— See Paduoah City Ry.80l
Paduoah St. Ry.— See Paducah City Co
801
Palmer & Monson— See Springfield & East. 01
aeitio L.

Pan Handle Traotion Co
Paris Transit Co

833

828
fOl
Parkersburg Marietta & Interurban Ry
8ol
Park & Clifl House—See United RRs. of San
Francisco
819
Park & Ocean RR.—See United RRs. of San
Francisoo
819
Passaic & Newark Electrio Traotion— See
North Jersey 8t. Ry
782
Pascoag <fc Providenoe Ry. Co
829
Pass. & Belt Ry— See Lexington Ry
786
PatersonCity Ry.—See J. C. Hob. & Pat... 78
Paterson & Passaio Gas & Eleo. Co. -See
Public ServiceCorp
783
Paterson Ry.— See J. C Hob & Paterson... 78j
Pawoatuck Valley Street Ry— See Westerly Ry.& Ltg Co
828
Pawtuoket Street Ry—See United Traction
<fe Electric
813
.
Peekskill Lighting & RR
802
Pennsylvania Motor— See Easton Con. El.. 770

& Ohio Ry

741
& Mahoning Valley Trao. Oo.829
Penn Incline Plane Co
829
Penn Street Passenger Ry. (Pittsburg)— See
Citizens' Traotion
810
Penobscot Central RR.(Bangor, Me.)
743
People's Bridge Co.— See Cent. Penn. TracPennsylvania
Pennsylvania

tion

Co

777

Gas & Electrio Co. (Burlington)—
See Burlington Ry. & Light Co
754
People's Hot Water Heating & Eleo. Co.—
See Springfield n.y. & Lighting Co
82 1
Peoples Light & Railway Co
823
People's Passenger Ry— See Union TraotionSyBtein
805
People's RR —See Syracuse Rap. Tran
823
People's Ry. See Forest City 8t. Ry
762
People's Rapid Transit Ry. (Toledo)
8 9
People's Ry.— See Pottsville Union Trao. ..812
People's Ry. (West Newbury, Mass.)— See
Lowell Lawr & Haverh
746
People's St. Ry. (Dayton. O.)— See Am. Rys.8o
s 20
People's Street Ry— 8ee Soranton Ry
Ptople'8 Traotion Co. (Galesbnrg)
774
People's Tract. Co— See Burlingt >nCo Ry 792
People's

'

People's Traction, Phil., Pa. -SeeUnionTrao.804
People's Tramway Co.— See o'onsol. Ry.. 793
Peoria <fe Pekin Terminal Ry
802
Peoria & ros. Hts Ry.— See Central Ry ..80i
Perry Street Pass. Ry— See Federal Street
& Pleas. Valley Railway.
810
Phila Bristol* Trenton Passenger Ry
803
Philadelphia & Chester Ry
808
Philadelphia City Pass. Ry— See Union

805
829

Traction System
Phila.

CoatesviUe

& Lancaster Pass. Ry

.

.

Philadelphia Co. (Pittsburg, Pa.)
808
Phila. & Darby Ry— See Union Trao. Sys
805
Philadelphia & Easton Ry
769
Philadelphia AGray's Ferry Passenger Ry
8™*
—See Union Traction 8ystem
Phila. &Lehigh Valley Traction
39
8>»4
Philadelphia Rapid Transit Co
Philadelphia Traotion— See Union Trao ...805
Philadelphia & West Chester Traction
803
Phila. & Willow Grove Tract.— see Phila.
Rap. Tr
804

Phoenix Gas & Eleotri Co
808
Pitoairn& WilmerdingSt. Ry.—Bee Monongahela Street Ry
810
Pittsb. Allegheny & Manchester Trao. See
United Traction System
810
Pittsburg & Allegheny Valley Ry
8H
;

—

Pittsb.

<fc

Pittsburg
Pittsburg

Birm. Pass. Ry.— See P. & B. Trac.8
& Birmingham Traction
810
<fe Charleroi St.
Ry. See United
1

Taction

810

Pittsburg Crafton & Mansfield Street Ry—
See Pittsburg Railways Co
809
Pittsburg Incline Plane— See Pittsburg &
Birmingham Traction System
810
Pittsburg MeKeesport & Connell*ville Ry.81
Pittsburg MoKeesport& Greensburg Ry...81l
Pittsbursr

Railways Co

809

Pittsburg RR. (Kansas)
80*
Pittsburg Traction— See Consol. Trao. Sys. 811
Pitts burst

& West End Passenger Railway-

See Pittsburg Railways Co
Pittsfleld (Mass.) Electrio

80

Ry

<

811

Pittston .s Scranton St. Ry.— SeeSor.Ry.Co.820
Pittston Street Car— See Wilkesbarre <fe Wyoming Valley Traction System
80?
Plai field Gas <te Electrio Co. See Som-

Uniou & Middlesex Ltg
783
Gas Light Co.— see Somerset
Union & Mil) diesex Ltg
783
ersei

PI infield

Plainrteld St.

Ry.— See

&

Eliz. Plaintteld

Cent. New Jersey
Piattsburgh Traotion Co

Plymouth Bridge Co. —See Wilkesbarre

Wyoming

&

783
811

Page.
Quinoy & Boston Street Ry. (See Old Colony Street Ry.)
746
Quinoy (111.) Horse Ry. & Carrying
813
803
Rail ways Company General
ailway & Electric of Sedalia— See 8edalia Electric & Railway
821
Rapid Railroad (Detroit)—See Det. & Pt.

"'69
H uron Shore Line
Rapid Railway.— See Det. &. Pt. H Sh. L..769
Rapid Transit of Chattanooga. Tenn
755
Rapid Transit St. Ry— See No. Jersey St.Ry.782
Reading City Pass.Ry—See Reading Trao. ..807
Reading & Lowell— See Boston & Northern.746
Heading & Southwestern— See United Trao-

tion (Reading)
807
Reading & Temple Electric Railway—See
Reading Traction
H07
Reading Traction— See United Traction Co. 807
Read. Wakef &Lynnf.— See Mass. Elec Oos.745
Reading & Wolm«nsdorf— see United Trao. 807
Redlands street Railway—See San Bernardino Valley Traction Co
...813
Rhode Island Co.— See R. I. Seourities Co.. 813
Rhode Island Securities Co
813
Rhode Island Suburban (Providence)
813
Rlohiuonl & Chesapeake Bay Ry
.829
Richmond Light & RR. Co
823
Richm. Pass. <fe P. Co.— See Va. Pass & PCo.813
.

Richmond
Pass.

<fe

Petersburg Eleo.

Ry —See

Va.

Power Co

813
Richm >nd Street & Interurban Ry
813
Richmond Trac— See Va. Pass & P. Co.. ..813
Ridge Avenue Connecting Passenger Ry.
See Union Traction System
805
Riverview Line— See Beaver Val. Trao. Co.743
Roanoke Rv. & Electrio
814
Rochester City & Brighton— See Roch. Ry..814
RochesterC. &Manitou RR
814
Rochester * Eastern Rapid Ry ..
...814
Rochester Gas & Eleo. Co.— See Roohester
Ry & LightCo
814
Rochester Light & Power Co.— See Rochester Ry &L,ightCo.
814
<te

Rochester Ry— See Rochester Ry. & Lt. Co. 8 14
Roohester Ry. & Light Co
814
Kochester & Sodus Bay Ry
814
Roohester & Subunan
7-i0
Roohester Syracuse & Eastern RR. ... . .829
Rock'ord Beloit & Janesvil e RR
815
Rockfoni & Freeport Eleo Ry.— See Rookf rd & luterurban
-14
Rockiord & Interurban
814
Rockford Ry. Light <fe Power -See Rockford & Inter Urban Ky
814
Rockland & Abington Street Railway —See
Old Colony St. Ry.
716
Rockland Railroad Co
829
Rookland Thomaston & Camden Street Ry.81
Rockport Street— See Boston & Northern.. 746
Rome City St. Ry
815
Roxborough Chestnut Hill & Norrist'n Ry.
—See United Power & Transportation... 807
Rutland St. Rv
815
^! aoramento Electric Gas & Railway —See
California Gas & Eleot. Corporation. 818
8aginaw-Bay City Railway & Light Co
815
Saginaw City Gas Co.— See Bay City Ry. &

~

LigutCo
815
Saginaw Consol— See Saginaw Val. Trao
815
Saginaw Valley Traotion— See Sa<. Bay
City Ry. & Light
815
St. Albans Street Ry
815
St Charles & 8C Louis County Bridge-See
St. Louis St. Charles & Western RR
817

Charles St. RR.— See New Orl. Rys. Co. .794
Clair Incline Plane
811
Joseph Ry. Light, Heat & Power (Mo.).. 815
St Lawrenoe Gas, Eleo. & Trans. Co
800
St.
8t.
St.

Valley Traction

807 St. Louis <fe Belleville Traotion—See East
Plymouth & Kingston St. Ry.— See BrockSt. Louis & Surburban Co
770
ton & Plymouth St. Ry
811 8t. Louis Cable& W. Ry— See St. L. & Sub. .817
Ponce Electric Co
812 St. Louis & East St. Louis Electrio Ry.—See
Port Carbon & Middleport Electrio Ry.—
East St. Louis & Suburban Co
770
Pottsville Union Traotion
See
812 St. Louis & Kirkwood RR —See St. Louis &
Port Jervis baec Lt., P., Gas & RR. Co
»12
Suburban Ry
817
Poitland & Brunswiok Street Ry
812 St. Louis & Merameo River RR.— See St.
Portland & Cape Elizabeth Ry.— See PortLouis &. Suburban Ry
..817
land RR
812 8t. Louis St Charles & Western RR.
.817
Portland City & Oregon Ry.— See Oregon
.829
S Louis & Springfield Ry
Water Power & Ry
812 St. Louis & Suburban Ry
817
Portland Consolidated Ry
812 St. Louis Transit 8*6 United Rys
815
Portland (Me.) Railroad
81
8t. Louis Webster & Valley Part Ry
829
Portland (Ore.) Ry.— See Portl. Cons. Ry...812 St. Paul City. Ry— See Twin City Rapid
Portland & Vancouver Ry.— See Portland
Transit
791
Consolidated Ry
812 Salem & Ra«teru Ry.— See Stark Eleo RK..754
Port. & Yarui. Eleo. Ry.— See Portl. RR ..812 Salem & Wakefield— See Boston <fe Northern
Poitsmoth Dover & York St. Ry
812
8treet Ry
746
Portsmouth Kittery & York Street Ry— See
Salt L,ake City RR.— See Consolidated Ry
Dover & York St. Ry.
Ports.
812
& Power
817
Potomac Eieotrlo Power Co.— See Wash.
Salt Lake Rapid Transit— See Utah L't &
Rv. & Electric (Jo
827
Railway Co
817
Pottstown & Reading Electric Ry
829 Salt Lake Southern Ry
...829
Pottsville <te Roading Ry— See Pottsville
Salt Lake & Suburban Ry
829
Union Traction
812 Salt Lake & Utah /alley Ry
817
Pottsville Un. Trao. (Pottsville, Pa.)
8 2 San Antonio Street Ry.— See Southern
Poughkeepsie City & Wapp. Falls Eleo. Ry.813
Light <fe Traotion
817
Powell St. Ry— See United RR's of San Fran8
813
San Bernardino Valley Traotion Co
Power Develop. Co.— See Power Tran. & L.74
San Diego Electrio Ry.
818
...
Power Transit & Lt. (California)
7*2 Sandusky Southwestern Ry
829
Presidio <fc Ferries RR
819 San. Win. & Amher. Ry- See Det. Un. Rvs.767
Prospect P'k <fc Coney Isl.— See B'klyn R. T.75
Sanford (Me.) & Cape Porpoise RR— See
Providenoe <te Danielsou Ry
813
818
Atlantic 8horeLineRy.
Provideuoe & Fall River Street Ry
,8H Sanford Power Co —See Atlantic Shore
Prov & Taunton St.Ry —See Old Colony ..74rt
Line Ry
818
Pueblo & Suburban Traotion
Light. Co...h13 San Francisoo Oakland & San Jose Ry
819
Pueblo Traction & Lighting.— See Pueblo &
829
San Francisco Ry
Suburban Trao. <fc Lighting Co
813 San Fr uoisco & San Mateo Eieotrlo -See
Public Service Co.—See Columbia El. St.
819
United RR. of San Francisco
Ry. iVt & P. C«
762 San loHe Los Gatos Interurban Ry
819
Puulio Service Corporation
829
782 Santa Barbara Consolidated Ry
Publio Works Co. (Bangor, Mo.)
743 Sanra Cruz tlectno Ry
829
Puget Sound Eleo
.819
821 Sao Paulo Tramway LK'ht & Power Co
Puget Sound Power Co.— See Seattle ElecSaratoga Traction— See Hudson Valley Ry.775
trio Co
821 Savannah Electrio Co
819
Savannah Thunderbolt & Isle of Hope Ry.—
Trac— See
819
See Savannah Eleo. Co
f ^uakertownCo.—8ee N. Leh.Val. Trao.Co.739
Y. & Queens Co.. 787 Schenectady Ry
820
\% ueens Ry.
Queenston Heights Bridge— See Interna
Ry.—See Pottsville
Schuylkill Electrio
tional Traotion
812
752
Union Traotion
.

1

.

<fe

7

INDEX TO RAILWAYS.

$34
Page.
Schuylkill Haven & Orwigsburg St. Ry.—
812
See Pottsville Union Traction
775
Schuylkill Traction (Girardville, Pa.)
Schuylkill Valley Tract.— See United P. &T.807
829
Scioto Valley Traction Co
Bcranton & Carbondale Traction— See Scran-

820
ton Railway System
Scranton & Pittston Tr.— See Scran ton Ry..820
820
Scranton Suburban— See Soranton Ry
^20
Scranton Rv
749
8ea Beach Ry.— See Brooklyn R. T
Seashore Electrio Ry., Asbury Park- See
787
Atlantic Coast Electric RR
820
Seattle City Ry.- See Seattle Ry
820
Seattle Electric Co
820
Seattle Ry.— See Seattle City Ry..
821
Seattle Renton & Southern Ry. Co
Seattle -Tacoma Inter urban— See Puget
821
Bound Electrio Ry
751
8ea View
See Brooklyn Union El
Second Ave.Pass. Ry—See United Traction. 809
Second Avenue RR.— See Metropolitan St.
797
Ry. System (N. Y.)
Second Avenue Traction—See United Trao.809
Second & Third St. Pass. Ry.— See Union Tr.805
Seventeenth & Nineteenth Street Passenger
..805
Ry— See Union Traction System
821
Shamokin & Mt. Carmel Elec.
821
Sharon & Newcastle Ry
821
Sheboygan Light, Power &Ry

RR—

829
Shenandoah & Pottsv.— See Schuyl. Tract775
821
Sioux City Traction
SheffleldCo

Sixth Ave. RR— See Metropolitan Street.797
793
Slate Belt Electric Street Ry
Blatington St. Ry. (see Lehigh Val. Trao.)..739
Somers & Entleld Elec. Ry.— See Hart. &
Spgf. St. Ry...
823
Somerset Union & Middlesex Lighting Co.
783
-See Public Service Corp
Somerville Horse RR— See Boston El. Ry ..744
So. Bend & So. Mich Ry.— See Indiuna Ry. 8?2
Sootli Boston RR— See West End St. Ry....745
South Brooklyn Ry.— See B'klyn Rap. Tr...749
South Chicago City Ry
759
South Covington <& Cin. St. Ry— See Cincin-

nati Newport & Covington Ry
764
South. Indiana Inter. Ry.— See Loulsv. &
So.Ind. Tr. Co
793
South Jersey Gas, Electrio & Traction— See
Public Service Corporation
784
South Middlesex Street Ry.— See Boston
8ub. Electrio Companies
745
South Orange & Maplewood Traotion.— See
No. Jersey St. Ry
782
829
South Shore Traction Co
South Side El. RR, Chicago
759
8onth Yuba Water Co-See California Gas
A Electrio Corporation ..
818
Southside Ry. & Development Co.— See Va.
.813
Pass. & Power Co
Southern Boulevard RR.— See Union Ry ...798
Southern Eleo. By.— See United Tract. Co.. 809
Southern Electric Securities Co
794
Southern Heat, Light & Power Co.— See
Philadelphia Co
808
Southern Li*ht& Traction Co. (Natchez).. 7*3
Southern Light & Traction (San Antonio) 817
.

,

.

Southern Ohio Traction- See Cin. Dayton
759
& Toledo Traction
Southern Strtet Ry.— 8ee Chlo. Gen. Ry.. 756
Southern Traction- See Philadelphia co. 808
Southwestern Street Ry. (under United
Power & Trans.)
808
South West Missouri Electric Ry.
827
Spokane Street Ry., etc.— See Washington
water Power System
822
Spokane Traction Co
822
Springfield (111.) Consolidated Railway— See
Springfield Ry. & Light Co
822
Springfield & Eastern Street Ry
801
Spiingfleld (111.) Electrio Light & Power
See Springfield Ry. & Light Co
822
Springfield El. Ry. (Vt.)
822
Springfield (Ohio) Ry.— See Ameri. Rys. Co.802
Springfield (111.) Railway & LightCo
822
Springfield (Mass.) Street Ry
822
Springfield (Mo.) Traotion
822
Springfield iroy & Piqua Ry
822
Springfield & Xenia Traction Co
822
Springfield & Western Ry. (Dayton)
766
Stamford Street RR
822
Standard Eleo. Co.— See Cal. G. &.E1. Corp 818
Stark Electrio RR
764
Staten Island Eleo. RR.— See Richmond
Light* RR. Co
823
8taten Island Midland RR
823
Steinway Ry.—See N. Y. & Queens Co. Ry..7b7
Sterling Dixon & Eastern Elect. Ry. Co.... 829
Steubenvllle Mingo & Ohio Valley Traotion
—See Wheeling Traotion Co
..828
Steubenvllle Traction & LightCo
823
Stillwater & Meohanicville— See Hudson
Valley Ry
„
775
Stockton Electric RR
823
Stoughton <fe Randolph 8treet Ry
8*9
Railroad (Chicago)
Suburban
759
Suburban Rapid Tran. St. Ry., Pittsburg, Pa.
—See Consolidated Traction Co
811
Susquehanna Traction
787
Sutro RR.— See United RR. ol San Fran
819
Sutter St. Ry.— Pee United RR. of Ban Fran. 819
Syracuse Lakeside & Baldwinsvllle Ry
823
Syracuse Rapid Transit Ry
823
Syracuse Skaneateles & Moravia RR
829
Syracuse* Suburban RR
823
,

[Vol. lxxx.

Pagk.
|

Terre Haute Eleo. Trao.-See Teire Haute
Eleo. Co....

Third Avenue RR. (N. Y.)
Thirteenth & Fifteenth Sts. Pass.
Union Traction System
Thirty-fourth St. Crosstown
ropolitan St. Ry. System

Ry— See

806

Ry.— See Met-

797
Toledo Bowling Green & South'n Traction
See Toledo Urban & Interurban Ry
824
Toledo Columbus Springrid&Ctnoinnati Ry.829
Toledo Consolidated St. Ry.— See Toledo
Rys. & Light to
.824
Toledo Fayette & Western Ry
824
Toledo Fostoria & Findlay
824
Toledo Fremont & Norwalk St. Ry— See
Lake Shore Eleo
762
Toledo* Indiana Rv
824
Toledo & Michigan Electrio Ry
829
Toledo Port Clinton & Lakeside Ry
829
Toledo Railway & LightCo
824
Toledo Traotion -Pee Toledo Rys. & Lt. Co. 824
Toledo Urban & Interurban Ry
824
Toledo Waterville & South'n— See Maumee
824
Valley Rys. & Light Co
Toledo & Western Ry
824
824
Topeka Ry
824
Toronto (Canada) Ry
Torrington & Winchester Street Ry
826
Traction Term. Co.— See Cin. Trao. Co
760
Development Co.— See Brooklyn
Transit
Rapid Transit Co
749
Trappe & Limerick Eleo— See Rox. Cheat.
Hill & Norristown
807
Trenton Gas <fe Elect.— See So. Jersey Gas
Eleotrio & Traction
784
Trenton & New Brunswiok RR
826
Trenton New Hope & Lambertville St. Ry
- SeeN. J. & Penn. Trao. Co
.826
Trenton Pennington & Hopewell Street Ry.
—See Trenton Street Ry
807
Trenton (N. J.) street Railway— See United
877
Power & Transportation

City Street
Wellesley

Ry

&

Ry

Boston

&

820
Fayette

829

St.

St.

Rv.—See Newton

....

)

U

•

•

Wabash Logansport Trao. Co.—See
Wab. Val. Trao

772

RR—

See Union By., N. Y.......798
....829
ork County Traction
York Street Ry. See York County Traof n.829
...821
Youngstown-Sharon Ry. & Light
829
Youngstown* Southern By
Ypsilantl & Saline Ry.— See Det. Yps. Ann
769
Arbor <fe Jaokson

Yonkers

Ft.

Wayne*

<fe

Taunton & Brockton Street Railway (see
Old Colony Street Railway)
746
Taunton Street Ry. (see Old Colony St. Ry.)746
Temple Street Cable Ry.—See Pao. Eleo. Ry.788
Templeton Street Ry
.829
Terre Haute Electrio Co
823

Watsonville Transportation Co
Webster Monessen Bellevernon

745
Westboro & Hopklnton St. Ry.— See Boston
Suburban Eleo. Companies
745
Westchester Electric— See Union Ry. N. Y..798
West Chester Kennett & Wilmington Eleotrio Ry
785
Westchester Traction Co. (Osslnlng)
801
»Vest Chester Street Ry
827
West Chicago Street RR
758
West Chicago Street RR. Tunnel— See West
Chicago Street RR
758
West End Passenger Ry—See Frankford &
Southwark Passenger Ry
805
West End Street Ry.—Boston
745
West End Street Ry.—See Denver City RR.767
West End St. Ry.—See Lano. Co. Ry. & L.. .786
West End Traotion, Pittsburg, Pa.— See
Pittsbu g Railways Co
800
Westerly * Hopkinton Street By.— See
Boston Sub. Eleo. Oo's
745
Westerly Ry. & Lighting Co
828
Western Ohio Railway
787
Tri-City Railway
765 West Fairview * Marysville Eleo. Ry. See
Harrisb. & Mech. Eleo. Ry
Troy City Ry.— See United Tract. (Albany) .73*
777
Westhampton Park Ry.— See Va. Pass. *
Troy Hill Pass. Ry~See Fed. St. & P. Val.
Power Co
...810
Ry
P.
813
Troy & Lansb'g RR— See United Tract. ( Alb. 73 9 West Jersey Traotion (Camden, N. J.)
784
Troy & New England Ry....
826 West Liberty Street Ry.— See Pitts. & Birm.
Traction Co
Tuscaloosa Belt Ry
82
fill
795 West Penn. Ry. & Lighting Co.—Ste Pitts.
Tuscarawas Traction Co
McKeesport* Connellsvllle Ry
Tustin St. Ry.— See Philadelphia Co
80S
811
WestPhiladelphla Passenger Ry—See Union
Twenty- second Street & Allegheny Ave.
Traction System
Passenger Ry
804
806
West Pittston & Wyo. St. Car—See Wilkesb.
Twenty-eighth & Twenty-ninth Sts. Cross& W. V.Trao
797
town RR.—see Met. St. Ry. System
807
Twenty-third St. Ry.— See Met. St. Ry. Sys..7y7 West Roxbury & Roslindale Street Railway
".740
(see Old Colony Street Railway)
Twin City Gen'l Electric (Ironwood, Mich.). 780
791 West Shore Ry.— See Consolidated Ry
Twin City Rapid Transit
793
Tyrone Electrio Ry.—See Amer. Rys. Co. ..802 West W ater St. RR.-See Elmira W. L.& RR771
Whatcom County Ry. & LightCo.
744
Tnion Consol. Elevated RR., Chicago
759 Wheeling (W. Va.) & Elm Grove RR
828
Wheeling (West Va.) Traction
nion Depot RR. (St. Louis, Mo.)— See
828
815 Whitman St. Ry.—See Old Colony St. Ry...746
United Railways Co
770 Wichita RR. & Light
Union Electrio (Dubuque)
828
Union Elev. RR.-See Northwestern Elev..7 59 Wilkesbarre Dallas & Harvey's Lake Ry.—
See United Power & Transportation
Union Light, Heat <fc Power Co.—See Cin.
807
Newport & Cov
764 Wilkesbarre & H<izleton.Ry
778
Wilkesbarre & Hazleton RR
Union Light & Power Co.— See Nashville
777
792 Wilkesbarre & Wyoming Valley TractionRy. & Light Co
7 59
See United Power <u Transportation
Union Loop— See Union Elevated RR
807
Union Pass. Ry.—See Union Trao. System. 806 Wilklnsburg & E. Pittsburgh St. Ry.— 8ee
Monongahela St. Ry. Co
7W8
Union Ry. of New York
810
80* Wilkinsburg & Verona Street Ry.—See MoUnion Ry— See Chester Traction
nongahela ft. Ry. Co
Union Street Ry. (New Bedford, Mass.)
793
810
Union Traction Co. of Indiana
7*0 Willamette Bridge Railway—See Portland
Consolidated Railway
812
Union Traction (Philadelphia, Pa.)
804
828
Union Traction (Pittsburg).— See Con. Tr .810 Willlamsport Passenger Ry
Elec. Co.— See Public Service Corp..7fi3 Willimantio Traction Co
828
United
United Gas & Eleo. Co. (New Albany)
793 Wilmington (Del.) City Ry.—See Wilm. &
Ches. Trao
807
United. Gas & Electrio Co— See Calif. Gas
&Eleo. Corp
818 Wilmington & Chester Traotion Co.—See
United Power & Transportation
807
United Power Co
.770
United Power & Transportation
806 Wilmington New Castle * Southern Ry.. 828
Wilmington (N.C.) Street Ry.-See Consol.
United Railroads of San Franoisoo
81
Rys. Lt. & Power Co
828
United Rys. & Electric Co. of Baltimore... 742
United Rys. Investment Co. (San Fran.). .819 Winchester Ave. RR.-See Consolidated Ry.793
United Railways Co. (St. Louis)
815 Windsor Locks Traotion Co.—See Hart. &
Springfield St. Ry
823
United Traction (Albany)
739
801
United Trao. & Eleo. (Providence, R. I.).... 8 13 Winnebago Traction (Oshkosh)
....
829
United Traction (Pittsburg)— See Phila. Co.809 Winnepeg Electric St. Ry
Winnisimet RR— See Boston & Northern
United Traction (Reading, Pa.)— See United
Street Ry
746
Power & Transportation
807
Winona (Minn.) Ry. ALiektCo
829
Urbana Bellefontaine & Northern Ry.— See
Winston-Salem Railway & Eleotrio
828
Dayton Sprlngf. & Urbana
766
Wisconsin Trao. L. H. & Power
791
Urbana & Champaign Ry. Gas & E. Co-See
746
765 Woburn & Reading-See Bos. & North
Danville Urbana & Champ. Ry
Utah L't & Power Co.— See Utah L't & Ry,817 Wolf Lake Ry. & Resorc Co.— See Jack.
Consolidated Traction Co
780
817
Utah Light & Ry. Co
Woonsooket 8treet Ry
828
Utica Belt Line Street RR— See Utioa &
....826 Worcester * Blacks tone Val. St. By.— See
Mohawk Valley Ry
Consolidated Ry. Co
793
826
Utioa & Mohawk Valley Ry
Utica Suburban— See Utioa & Moh. Val. Ry.826 Worcester & Conn. Eastern Ry.—See Consolidated Ry
793
828 Worcester Consolidated Street (See WorcesVallamont Traotion
838
ter Ry. & Investment Co.)
allejo Gas LightCo.— See California Gas
818 Worcester & Marlborough Street Ry.— See
& Electric Corporal ion
828
Worcester Consol
Valley Counties Power Co.— See California
828
818 Worcester Railways & Investment Co
Gas & Elect. Corp
Worcester & Southbridge Street Ry.— See
777
Valley Traction Co
793
Consolidated Ry
752
Van Brunt Street & Erie Basin RR
800 Worcester & Webster Street Ry.— See ConVenango Power & Traotion Co
793
solidated Ry
826
Vicksburg Ry. <fe Light Co
829 Wyandotte & Detroit River Ry.—See DeVincennes Citizens' Street Ry
767
troit United Ry
813
Virginia Passenger* Power Co

Ry. & P.-See Puget 8. EL Ry..821 Wabash River Traotion Co.— See Ft Wayne
amaqua & Lansford Street Ry
.772
823
& Wab. Val. Trao. Co
Tamaqua
Pottsville Electrio RR.— See
826
Wabush & Rochester Ry
Pottsville Union Traotion
812 Wakefield & Stoneham St. Ry.— See Boston
Tampa Electric Co
748
823
& Northern Street Ry
Tarry town White Plains&Marn Ry
797 Waltham St. Ry.— See Boston Sub. Eleo. Co. 745

Tacoma

Paob.
Washington * Canonsburg Ry. Co
«27
Washington & Georgetown.—See Capital Tr. 8
Washington <fe Glen Echo RR
827
Washington & Great Falls Eleo. Ry
827
Wash. & Rock. Ry.— See Wash. Ry. & Eleo. 8*
Wash'gton St. Ry s.Co. — See Wash. Ry. & El 827
Washington Railway & Electrio Co
827
Washington Water Power, Spokane
822
Wash. Woodside & Forest Glen Railway <te
Power Co.— See Wash. Railway & Eleo.... 827
Waterloo & Cedar Falls Rapid Transit CoSee Waterloo Cedar Falls & No. Rap. Tr .827
Waterloo Cedar Falls & North. Rap. Tran. .827
Waterville & Fairfield Ry. & Light
827
Watervliet Turnpike & RR.-See United
Traction (Albany)
739

H

823
797

Warren Brookf. & Spencer (Spencer. Mass.) 82 2 Zanesville Elec. Light Co.— See Zanes829
villeRy. Light & Power Co
829
Warren Cortland & Jefferson Trao. Co
775 Zanesville Eleo. Ry.— See Zanesville Ry.
Warren Co. Ry.—8ee Hudson Vallev Ry
829
Light & Power Co
Washington Alexandria & Mt. Vernon Ry.827
Washington Arlington & Falls Church Ry.827 Zanesville Ry. Light & Power Co ...^ ...... 829
829
Washington Baltimore & Anapolls Eleo.Ry.827 Zanesville & Southeastern Traction Co

—

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