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E
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Copyrighted in 1911 according to Act of Congress, by WILLIAM B. DANA COMPANY, In office of Librarian of Congress, Washington, D. C.
Vol. 92.
E l e c t r ic
R
N E W
Y O R K ,
a il w a y
S e c t io n .
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ELECTRIC RAILWAY ASSOCIATION’S WORK.
Electric railway operation is still in a stage of its
existence too early to have perfected an organization,
comprehensive and authoritative, to be the arbiter on
all matters pertaining to the industry. Barely a
generation has passed since the first electric street
railway opened a new era for the conveyance of passen
gers in the public thoroughfares. Last year the electric
railroads of the United States carried 1 0 ,0 0 0 ,0 0 0 , 0 0 0
passengers. In another ten years they may be
expected to carry double the number. Mr. William
McAdoo has estimated that in New York alone (leaving
out the surface traffic) the subways, Manhattan
elevated railways and the Brooklyn Rapid Transit—
three of the country’s greatest electric systems—
judging by the average increase in the past five years,
will carry in 1915 401,000,000 passengers more than in
1910 and triple those figures in 1925. In the rapid
development there has been too little time for those
absorbed in the practical working out of the new
problems confronting them every day to co-operate
so effectively as might be desired with one another for
promoting the general welfare of the electric railways.
But from one corner of the country to the others the
same questions are coming very much before the street
railway managers. To the position which the Ameri
can Railway Association has acquired in regard to the
steam railroads of the country, the American Electric
Railway Association needs only longer life to attain.
It now embraces within its membership all classes
o f electric railways, urban, suburban and interurban.
28,
1911
N o. 2383.
It is able to place at the service of the youngest and
smallest street railway enterprise the fruits of experi
ence and ripe judgment which may prevent initial
mistakes. Last year 1,397 miles and 5,481 cars were
added to the total of tracks and equipment by the
electric railways. It will be well if the extending influ
ence of the American Electric Railway Association
keeps pace with the growth. As an advisory council
the Association has a work to do of supreme import
ance in framing and guiding the public policy of the
heterogeneous companies, of setting standards for
efficient service, and in harmonizing differences in the
details of operation which may otherwise lead to con
fusion and hinder the welfare of the industry as a
whole.
The present year promises to be a particularly busy
one for the parent association and its affiliated socie
ties, the Engineering, Transportation and Traffic, the
Accountants’ , and the Claim Agents’ associations.
Much work was planned out at the mid-year meeting.
From the program as outlined by the presidents of the
five associations in the “ Electric Railway Journal,” the
wide scope of the work to be done and the earnest
spirit in which the special committees are preparing
to set about it may readily be realized.
Under the present circumstances, Mr. Arthur W.
Brady, the President of the American Electric Railway
Association, is probably right in laying stress upon
the importance of the work of the committee on public
relations. It is a favorite illusion of the general public
that every franchise is a mine of wealth. Unfair and
excessive burdens placed upon companies, owing to
this view, must in the end be transferred to the shoulders
of the public. The committee, therefore, may be of
very great service if it can formulate and publish
promptly a report on franchises and regulation em
bodying the best thought on the subject of those
directing the policy of the Association. Two new
committees are considering particularly the subjects
of taxation and that of rates and fares. The commit
tee on Federal relations is bound to give increasing
attention to the proceedings of the Inter-State Com
merce Commission and to the special commissions
which are authorized to investigate the affairs of
the electric railways as to capitalization and as to the
compensation of employees.
Though only in the third year of its existence, the
Transportation and Traffic Association is responding
generously to the wide demands made upon it in the
field of actual operation. A wise step has been taken
in the planning of a conference with a committee of the
American Railway Association for discussion of the
differences in the operating rules of steam and electric
interurban railways. Recommendations may be ex
pected to follow taking advantage of the best experi
ence of both classes of transportation and bringing the
rules of each as much as possible into line and similarity
with the other.
Of great interest to all electric companies is the
development in freight and express service, as attention
is being drawn by managers to the possibilities of
raising revenues in this comparatively unoccupied
field. The electric railway as a common carrier is
fitted by its rapidity, accuracy and reasonable cost of
service to render an immense benefit to rural sections
of the country, but the great variety of regulations
now in force creates unnecessary burdens upon the
companies. The committee on freight and express
traffic has set itself to frame a set of rules after sifting
the satisfactory from the objectionable features of the
existing regulations drawn from many parts of the
country. To this Association also falls the important
task of investigating the problems of the safeguarding
of traffic. A thorough study is to be made this year
of systems of signaling and dispatching. Many oper
ating officers believe that too great a diversity exists in
apparatus and methods,and that many risks may be
removed by bringing about approximate uniformity in
this respect.
Co-operation with the kindred association, the En
gineering, and with the Accountants’ Association, will
doubtless make this report the more satisfactory. The
Engineering Association in its particular province has
been able in the past year to bring to a head several
inquiries it has been conducting. It is amplifying the
present scheme for the adoption of standards, and this
year has before it more live subjects than ever. In
deed, developments are occurring so rapidly and the
work of the committee has increased in volume and
value to such an extent, that the membership of the
various standing committees has been increased from
six to nine.
The American Electric Railway Accountants’ Asso
ciation goes back to 1897. In fulfilment of its original
purpose it has accomplished much in framing a stand
ard classification of accounts and form of report. The
electric railways owe a great deal to its assistance in
transforming previous chaos into order and uniformity.
To the suggestions of this committee the Inter-State
Commerce Commission is indebted in the preparation
of the classifications of electric railway accounts in
force since Jan. 1 1909. Such excellent relations were
then established between the Commission and the
Association that there is at present a permanent
arrangement between them by which the Commission
refers to the Association’s classification committee any
question submitted to the Commission by an electric
carrier, making it in effect an advisory board. The
experience that has been accumulated by the Account
ants’ Association will be of the utmost value in the
preparation of the report to be presented at the next
convention from a joint committee of the Transporta
tion and Accountants’ associations. This committee
is to outline a plan that can be used by electric railways
in uniformly computing the revenues and expenses of
freight and express traffic. If this is agreed upon and
consistently adhered to by the numerous electric rail
ways engaged in this business, the owners and execu
tive officers will be greatly assisted in making compari
son, year by year, of widely separated properties
operating under different conditions.
Lastly, doing admirable service to its member com
panies in a protective capacity, which is its special
function, is the American Electric Railway Claim
Agents’ Association. This is now only seven years
old, but has more than demonstrated the reasonfor its
existence by the decrease it has brought about in the
expenditure to which companies have been exposed
through fraudulent or excessive claims. The beneficial
results secured by the Association have been gained
most of all in the prevention of accidents and their
proper handling, and by the establishment of a
national index bureau. The efficiency of employees
has been increased, accidents have been reduced and
the number of witnesses obtained to accidents in
creased. The national index bureau has from the
start been a success, it is asserted, and when more fully
developed, will doubtless be the direct cause of sub
stantial reductions in claim expenditures.
METHOD IN IMPROVED ELECTRIC RAILW A Y
OPERATION.
A change in the presidency of the Brooklyn Rapid
Transit Company brings to the front the value of
the personal equation in the operation of electric
railways in densely populated city communities.
That system has 606.592 miles of track. It operates
3,459 passenger cars, had a total revenue car mileage
for the year ended June 30 1910 of 77,984,651 and
received 418, 158,967 passenger fares. Its head, since
January 1903, has been Mr. Edwin W. Winter, who
has resigned the chief executive post, feeling that the
comprehensive work of rehabilitation which he was
called upon to undertake has been practically con
summated.
Mr. Winter’s statement that the outlook of the
company at the close of 1902 was not over-encouraging
is the mildest description of the position. He made
only one promise, he said—to do his best—when he
went in, and he sees no occasion for apology as he goes
out. There is none. Mr. Winter has well earned
leisure with advancing years after an arduous steam
railway career as a general manager of a Western road
and for a year or more as President of the Northern
Pacific Railway. No one contrasting the present
conditions of the Brooklyn Rapid Transit with those
that obtained before the administration of Mr. Winter
can but acknowledge the improvement effected. The
problem of the Park Place terminal has not been
completely solved. The riddle was only partly and
temporarily answered by the diversion of the tide of
passengers in a considerable measure to the Subway’s
tunnel to Brooklyn. This relieved the strain on Mr.
Winter’s shoulders, but at the same time the re
construction of the Bridge terminal’s platform, the
provision of queue rails, and the inauguration of an
effective system of signal-box equipment brought
about the quicker despatch of trains. As many as
sixty-twoanhourare often run in-and-out of the bottle
neck in the rush hours without the confusion and
scandalous scenes, threatening a great disaster, at any
moment familiar enough in years gone by.
While there is much to be desired in the increase of
facilities for passenger traffic by the electric railways
of New York, as in most cities with a congested business special department, but it yet remains, it seems, for
area, of which it is a flagrant example, there are signs the car department to make a similar record.
that in two respects the efforts of the more enlightened _
degree of efficiency .obtained, as shown by the
managers of the electric railways are beginning to bear improvement in operation by the train crews and
satisfactory fruit.
With the more skilful and individual employees, may justly be set down to the
economical operation of the roads is intertwined an policy followed from the start of promotion from
habitual consideration for the public. As was pointed within the ranks with the inducement of a permanent
out to the employees of the Hudson & Manhattan higher salary on the record of a man’s service. A
Railroad Company by its president at its opening just school of instruction is carefully maintained. From
three years ago, the safety and efficiency of the service the ticket chopper’s box a man may rise with inclina
are, of course, the first consideration, but civility and tion, and on proved ability, to the responsibilities of
courtesy on the part of the railway companies and their switchman or motorman. A careful and precise
employees towards the public are among the things record of each man’s history in debit and credit form is
of the highest importance. On these essentials, as kept. The engineer to whom a train is intrusted has
recent references by Mr. Henry E. Huntington, at usually had at least one year and a half’s preliminary
Los Angeles, by Mr. Robert E. Lee, at Cincinnati, and tiaining in which his physical and mental competency
the managers of other important systems attest, has been thoroughly tested. He must have passed
hang the winning and maintenance of mutual good examinations, worked as a switchman for a year,
will and relations between a public service corporation become familiar with the signal layout on each section,
and the public which it serves.
and acted as a relief hand under experienced operators
In the actual operation of quick service, main before full promotion is attained.
taining a schedule headway of from 1 and l }4 to
I he bonus system, as in the case of rewards for the
23^ minutes, the Hudson & Manhattan Railroad fewest door failures, or for the most economical use of
has achieved a highly creditable record. The system coal in getting the best results in the boiler house,
has four teiminals and fourteen junction points on its 01 foi acceleration of trains with the least consumption
tracks of 12.879 miles. It sends more than 2,200 of power, has worked successfully, while a graduated
trains a day through its tunnels under the ILudson scale of increased wages according to merit or consist
River, which, it is claimed, is the largest number of ently good past service, has promoted confidence in
trains operated daily on any double track railroad fair treatment and established a good mutual under
in the world.
In the hours of greatest pressure standing.
of passenger traffic its service of 90 seconds headway
with five-car trains, which is as close as is compatible
ELECTRIC TRACTION IN EUROPE.
with the signal lay-out, is maintained with remarkable
Electric traction shows promise in European
accuracy. This is assured by the method employed countries as well as in America of relatively greater
for fixing responsibility for the delays that may occur expansion than in the last two years. This is only to
from any cause.
be expected in the improvement in general trade
1he train master makes his daily report of detentions conditions and recovery from the financial stringency
lepoited to him by the train crews. The general which halted new undertakings. England’s present
superintendent’s office transmits them for prompt prosperity is fairly reflected in the preparations for
investigation to the department considered responsible extensions of existing systems of electric roads and
for the detention. The general superintendent re formations of new companies. Particularly is this
views the explanations of the department heads, and the case in municipal enterprise, a form of ownership
a monthly report furnishes the means of comparing and operation to which the United Kingdom has taken
the increase or decrease in the number of detentions with more boldness than might have been expected
as against those of previous periods. It is thus easy from the traditional national habits. Street railways
to trace whether a detention is due to the trans and tramways are now operated by electricity in an
portation department or belongs to a defect in car overwhelming proportion. Of the total length of
equipment, or in the maintenance of way, or to other 2,524 miles, 2,360 are worked by electricity, 48 by
specific causes. The signal service or the power house steam, 28 by cable, 4 by gas motor and 84 by horse
may have been in fault, or perhaps, the ticket bureau traction. Half the mileage is owned by local authori
for some reason or other was the origin of the ties and 846 by private companies. These figures
delay.
are liable to be altered in favor of municipal owner
There have been one or two serious breakdowns ship, as the periods Avithin which the local authorities
which have caused a long detention. But it is interest were given the right of taking over the undertakings
ing to know that on the whole the total number of by purchase, are in many cases reaching their
detentions on the monthly average has been reduced limit.
as time goes on. The best record for any month
For the promotion of the common interests of these
since the opening of the road was made last July with street railways, the Municipal Tramways Association
20 detentions for a total of G4j^ minutes. This comprises the various municipal tramways in the
last January showed a total delay of 126 minutes for country, their managers and chief officials. While
36 detentions, as compared with 145 minutes in Janu this organization, by reason of its constituency, is
ary 1910. The power house department again had exclusive in its nature, many of its members belong
a clean sheet, as in several previous months. To the to the Tramways and Light Railways Association
transportation and car departments, owing to the which enrolls among its members private tramway
multiplicity of their details, is chargeable the majority companies, engineer officials and manufacturers.
of delays. The transportation was managed in one Cordial relations between the two bodies are well
month, last May, without a single detention due to its established.
Private companies have a wide field open for their powers last session from Parliament and some sixteen
operation in the industrial districts outside the limits applications are now under consideration at West
of municipalities. They have covered these with a minster. Schemes are also being promoted for con
network of roads, and are linking up comparatively structing parked or boulevard lines for suburban
long distances. For instance, through their connecting speedier travel with less risk to ordinary vehicular
links, it is now possible to ride uninterruptedly from traffic. Among the questions on which managers
Liverpool to Leeds, taking Manchester by the way. are concentrating attention are those of the use of carA better understanding has been arrived at between meters and the arrangement of “fair fares” so as to give
local authorities and privately owned tramways. a just return to the companies for the service rendered
Evidence of friendly co-operation is forthcoming in without exciting a storm of protest such as almost
their joint action against the parochial opposition invariably meets the mere suggestion of raising fares.
In the section of heavy electric traction the pro
which they have to meet in common frequently when
motions
announced for the year surpass those of 1910.
seeking expansion of their lines. Convenience of
The
success
of the electrification of its suburban division
joint action in obtaining running powers and using
by
the
London
Brighton & South Coast Railway
the lines of other companies has necessitated this
has
justified
the
company
in seeking powers to under
improved attitude to one another.
take
another
installment.
The Midland Railway,
One valuable result of co-operation between the
moreover,
which
three
years
ago
at Burton electrified
British tramways associations is the inquiiy now
a
small
section
of
its
line—also
with
the single-phase,
proceeding on the subject of rail corrugation. A joint
overhead
system—has
obtained
the
control of the
committee of the Municipal Tramways Association
London
Tilbury
&
Southend
Railway,
running
and the other associations, aided by a selected body
along
the
northern
bank
of
the
Thames.
It
is sig
of experts, is thoroughly investigating the whole
nificant
that
the
subsidiary
line
is
now
seeking
powers
question. Another similar committee drew up a
careful report upon a standard method of assessing to electrify its tracks. This project derives most of its
tramway undertakings for income-tax purposes. I he importance from the fact of the London Tilbury &
Board of Inland Revenue was represented at some of Southend Railway having two important terminals in
the committee’s meetings, and in consequence an the Metropolis at its command; it serves a densely
populous suburban district and feeds the great river
agreement was reached with the Government which
side docks which are to be reconstructed under the
mitigated grievances and inequalities that formerly
plans of the new Port of London Authority.
gave rise to considerable complaint. In these and
In Germany, as in England, the municipal authority
many similar instances the united action taken by
is playing the principal part in the development of
the electric railways has paved the way for readier
street railways. The rigidity of the bureaucratic
consideration by the Government departments of the
habits of administration have, perhaps, tended to
points at issue. It is much more satisfactory for the
retard the expansion of electric traction warranted
Government officials to deal with one or two thoroughly
by the growth of the electrical industry in the country
representative bodies than with separate units, often
under the stimulus of scientific research. A more liberal
giving inconsistent views on the same subject.
At the head of the English municipal owners of tendency has, however, been noticed latterly in
street railways, the London County Council since relaxing the hard and fast rules laid down by excessive
opening its first line in 1903 has gradually acquired officialism. The clearing of the financial skies last
previously existing properties and extended its system year favored the building of new tracks and the
until it now owns about 130 miles of route. Seventy- acquisition of rolling stock and equipment. Many
five miles of these are operated on the conduit system city systems are being so extended that the mileage
and about 10 miles with the overhead trolley, while of interurban railway track is being much increased,
there are still about 45 miles of horse tramways, which, the volume of traffic keeping good pace correspond
however, are rapidly being converted. The Council’s ingly. The electric railway industry’s satisfactory
revenue in 1909 from its street railways was $7, condition is, therefore, a good gauge of the improved
697, 170, with a car mileage of about 32,000,000, economic condition of the people.
Municipal ownership has, it may be remarked,
and a passenger total of 345,000,000. It is noticeable
enabled
fares to be raised in a number of cities where
that the trolley system is superseding other forms of
the
authorities
found that good service could not be
electric traction, even in the metropolitan area and in
given
at
the
low
fares which many of the privately
places of fashionable resort where overhead wires were
owned lines have been forced to grant. The con
long considered intolerable.
The present year will see the introduction of the sequent increased revenue has offset the higher wages
trackless trolley. Leeds and Bradford obtained their and increased prices for materials.
Electric R ailways.
SECURITIES AND REPORTS.
This is one of our six Sections or Supplements. In using the series it is to be remembered that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news the “ Chronicle’ contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street and Electric Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and
fcherefore in great part for the value of their securities, upon the population and activity of the country they serve. Hence
constant reference to our “ State and City” section will be found necessary by those wishing to purchase the stocks and bonds
of street roads. Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are
given at length in that publication, every one of which items is an essential fact contributing more or less to any correct
estimate of the amount of suburban travel a given road commands.
.
.
The abbreviations used in our Electric Railway statements will be found explained in a table immediately following the
last statement in this publication.
.
A full I n d e x , which shows where each railway will be found, is also given on the closing pages.
New England and the Plattsburgh Traction, and has acquired a half Interest
In the Schenectady Ry., the New York State Railways owning the other
AKRON, OHIO.
NORTHERN OHIO TRACTION & LIGHT CO.—Trolley.
(See Map on
page 6.)
ORGANIZATION.— Incorporated In Ohio as successor In Nov. 1902 to
the Northern Ohio Traction Go., having exchanged Its securities for the
common and pref. stock of the latter per terms In V. 75, p. 733. Shortest
of company’s franchises (that In Akron) expires In 1924; of total franchises
40% arc perpetual. Later In same year took over control of the GantonAkron Consol. Ry., and guarantees that company’s $2,500,000 consol, os,
prln. and lilt. V. 83, p. 435, 849. Also owns entire capital stock of the
Akron Wadsworth A Western Traction Co. and guarantees Its bonds, prln.
and tnt. In Sept. 1907 Northern Ohio Trac. A Light shareholders were
allowed to take $ 1,000,000 new stock at $20 per share. Stock listed on the
N. Y. Stock Exchange In March 1909.
A new 25,000 h.-p. power station Is contemplated to be financed, probably
by an Issue of 6% cum. pref. stock. V. 92, p. 322; V. 91, p. 1512.
STOCK AND BONDS—
Date. Interest. Outstanding.
Maturity.
3 Q-M15
$9,000,000 Mch.’ l l , % %
Common stock, $10,000,0001 ----(par $100)---------------------- )
Ak Bed & Clev 1st M, $300,-1 1895
5 g M-S
300,000 Sept 1 1915
000 ($1,000);M covers27.4mJInterest at Central Tr. Co., N. Y ., Trustee.
Northern Ohio Traction, mortf 1899
5 g J-J
2,700,000 July 1 1919
g, $3,000,000 ($1,000)..c*{ Interest at Central Trust Co., N. Y ., Trustee;
1 or Dime Savings A Banking Co., Cleveland
Northern Ohio Traction A1 1903 4 A 5 g J -J
3,100,000 Jan 11933
Light 1st consol ($1,000) d in t, at Clt. Savings A Tr. Co., Clevc., trusgold, $7,500,000 .............c*J tee. or at First Nat. Bank. New York.
Ak. Wads A West mortgage,! 1900
5g
See text July 1 1933
$500,000 guar ($1.000) — J
____ __
^
Northern Ohio Trac. & Lt colt 1909 6 Q-F
1,000,000
See text
trust mortgage $1.000.000(Int. at Clt. Sav. A Trust Co . Cleve and
($1,000) c . _____________ J trustee, or First Nat. Bank, New York.
Bonds.— Of the $3,000,000 Northern Ohio Traction bonds, $300,000 are
reserved to retire the Ak. Bed. A Clev. gen. mtge. of 1895
Bonds listed
on Philadelphia Stock Exchange In Oct. 1901. Of the $7,500,000 Northern
Ohio Traction & Light consols. $3,000,000 are reserved to retire the North.
Ohio Traction bond and $1,400,000 are held for future requirements;
$1,000,000 are 5s, all outstanding; the rest 4s. The col. trust mortgage
of 1909 Is secured by deposit of $1,000,000 Nor. Ohio Trac. A Lt. 4s,
$700,000 Canton-Akron consol. 5s and $200,000 Akron Wads. A West 5s.
These bonds mature In annual Installments, $100,000 yearly, on Nov. 1
1911 to 1914 and $150,000 yearly 1915 to 1918. Subject to call at 102 In
Inverse order of numbers on any Interest date. V. 88, p. 823. .
CANTON-AKRON CONSOLIDATED RAILW AY.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Oonsol M $2,500,000. gold.l 1906 5 g J-J
a$l 961,000 Jan 1 1933
guar p & 1 by North Ohio (Int. at Citizens Sav. A Trust Co., Cleveland,
Trac A Lt ($1,000)........ c*J trustee, or First Nat. Bank, New York.
Oanton-Akron
1st mortgage,I1902 5 g M-S 1,150,000
Mch 1 1922
$2,000,000, g ($1,000) -.c * )In t. at Knickerbocker Tr. Co., N .Y ., Trustee
Canton-Masslllon 1st mort’ge, ( 1900
5 g M-N
850,000 May 1 1920
$1 000,000, g, ($1,000)__ (Interest at Cleveland Trust Co., trustee, or
( at Standard Trust Co., New York.
1st M Can A N P, $1,000,000./ 1903
5 g F-A
565,000 Feb 11023
gold ($1,000)_________ c*\Int. at Am. Loan & Tr. Co., Boston, Trustee.
Tus RR 1st
M. $100,000/1896 6 g J-D
100,000 June 1 1916
($500), gold........................ lin t, at Cleveland Tr. Co., Cleve., O., Trustee.
5 J-J
57,000
See text
Lake V I , 4 I mortgage . . . .
a Gf this amount $700,000 are pledged under N. O. T. A L. coll, trust
mtge. and $225,000 are held In treasury of Nor. Ohio. Trac. & Light Co.
Bonds.— Of the $2,500,000 new bonds, $100,000 are reserved to retire the
Tuscarawas RIt. 6s and $439,000 arc reserved for extensions and Improve
ments at 85% of cost. S. Reed Anthony, Boston, Is also trustee. V. 91,
p 1628, 1765. Of the $2,000,000 Canton-Akron first mortgages, $850,000
are reserved to retire the Canton-Masslllon bonds. Neither Issue Is subject
to call. The Canton-New Philadelphia bonds may be called as a whole at
105 and Int. on 3 months’ notice. The Lake View L. & I. bonds mature
$2,000 annually to 1915, when whole Issue falls due.
Dividends.— Dividends were begun In 1906 by the declaration of 2% ,
payable In Installments of ^ % from June 15 1906. V. 82, p. 1213. In
1907 2% was again declared, payable In quarterly Installments from June
15 1007. In 1908. June, J^%
Rate then reduced and declared Sept.
H % : Doc., H % . In 1909, March, \i%. Rate then again Increased, and
declared June, VS%:Scpt., H % ; Dec., H%
In 1010, Mch.,
June,
H % : Sept., %%', Dec., H % . In 1911, Mch., ).(%.
PLANT.— Line extends from Cleveland through Akron, Canton, Mas
sillon and New Philadelphia to (Jhrlchsvllle In Tuscarawas County, with
branches to Ravenna (via Kent), to Wadsworth (via Barberton) and to
East Greenville from Massillon. On Jan. 1 1911, operated 215.20 miles
of track. Owns Lakeside Park In Akron and Meyers Lake Park In Canton.
Also owns 1,011 acres of coal land In Noble County. Ralls, 50, 56, 70
and 80-lb. T and 73-lb. girder; standard-gauge; operates 300 cars and
7 snow-plows and sweepers. Embraces electric-light systems of Akron
and Barberton.
•
REPORT.— For calendar years (1910 report In V. 92, p. 320);
Gross
Net.
Charges.
Surplus.
1910 (215.20 miles of track) ..$2,437,426 $1,088,463 $521,069 $567,394
1909 (214.88 mllcsof tra ck ).. 2,177,642
987,585
524,066
463,519
1908 (214 .05 miles of track)..
1,890,473
804,049
526,532
277,517
1907 (214.53 miles of track)
1,909,061
813,306
513,242
300,064
Out of the $567,394 surplus for 1910, dividends of $225,000 (2 J^%) were
paid, leaving $342,394.
OFFICERS.— pres., II. A. Everett, Cleveland, O.; 1st V .-P ., Will
Christy, Akron: 2d.jV.-P. and Gen. Mgr., Chas. Currie, Akron; Treas.. J. R.
Nutt, Cleveland; Sec., C. F. Moore, Akron: Aud., C. II. Lahr, Akron.
General offices, Akron.—V. 85, p. 601; V. 86, p. 230, 335: V. 87, p. 545,
605; V. 88, p. 231, 291, 625, 686, 823, 883, 1197; V. 90, p. 237, 368;
V. 91, p. 519, 1512. 1711; V. 92, p. 320, 322.
ORGANIZATION.— Chartered Dec. 30 1899 as a consolidation of the
Albany Ry. (chartered In 1863), the Watervllet Turnpike and RR. (char
tered In 1828) and the Troy City Ry. (chartered Jan. 31 1866). See V. 69,
p. 1147, 1300: V. 70, p. 77. Has contract with Hudson River Electric Co.
of Albany for supply of power. V. 69, p. 541, 909. The Capitol R y. was
organized May 1 1891 to secure franchise rights on certain streets In Albany,
The United Traction leases these rights. Franchises In Troy and Albany,
except that of the Capitol Ry. on Delaware Ave. (a short line on the
outskirts of Albany), which expires Aug. 8 1951. are said to be perpetual.
V. 79, p. 2698.
Has traffic agreements with Albany Southern R R .,
Schenectady Ry. Co. and Hudson Valley Ry. Co., by which cars of the first
two roads are run Into Albany, and cars of the Schenectady R y. Co. and
Hudson Valley Ry. Co. are run Into Troy.
The Cohoes City Ry. was sold at foreclosure In 1904 and reorganized as
Cohoes Rv. Co., with $120,000 stock and $84,000 bonds: $119,100 of the
stock and all of the bonds of the new company are deposited with the Central
Trust Co. of New York as security for bonds of the Albany Ry.
Acgutsition of Hudson Valiev.— In Dec. 1906 acquired a majority of the
stock and bonds of the Hudson Valley Ry. Co., and Increased Its own
stock from $5,000,000 to $12,500,000 to finance the purchase. V. 84, p. 52.
STOCK AND BONDS—
Date.
Interest. Outstanding. Last dir..Ac
Stock (par $100) $12,500,000.
4 J-J
$12,500,000 Ja i.’ l l , 2 %
Debentures, $456,000. gold! 1901 4 y g M-N
456,000 May 11919
($1.000)------------------------r/Int. at Nat. Commercial Bank, Albany.
Cons mort, $6,500,000, gold) 1904Ay, g J D
2,588,000 June 1 2004
($1,000)______________ c*JInt. at Central Trust Co., N. Y.. Trustee.
Bonds.— Of the consol, mtge. of 1904, $3,912,000 is reserved to retire prior
liens. No sk. fd. and bonds are not subject to call. Directors may fix rate of
Interest, but not exceeding 6 %; present issue Is at 4 y, %. The debentures
may be called on anv Interest date on three months’ notice at “ a 5 % interest
rate for the unexplred term as calculated In standard Interest tables.”
V. 73. p. 1113’ SECURITIES OF ALBANY RA ILW A Y.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
5 M-S
$32,000 Sept 1 1913
Fifth mortgage_____________ 1888
Consol M ($500,000), gold! 1890 5 g J-J
428,000 Jan 11930
($1,000) ...........................c * / Interest at Central Trust Co., New York.
General mortgage, $750,000,1 1897 5 g J-D
496,000 June 1 1947
gold......................................J Central Trust Co., New York, Trustee.
Leased line securities—
Wat T A R R —
I 1889 6 M-N
$350,000 May 1 1919
1st M Int guar___________ |Boston Safe Dep. Co. A Tr. Co., Boston, Tr.
2nd M. p & Int guar...........) 1890 6 M-N
150,000 May 11919
(Metropolitan Trust Co., N. Y ., Trustee.
The Albany Ry. gen. mort. of 1897 was for $750,000, of which $254,000
was reserved, but consolidation makes reservation Inoperative.
SECURITIES OF TROY CITY RA ILW A Y.
Date.
Interest. Outstanding. Maturity.
Troy City 1st con M,g, $2.-)
1892
5 g A-O
$2,000,000 Oct 11942
000,000 ..................c*Arj Interest paid by Trustee. Central Trust Co.N.Y.
The Troy City leased roads Include Troy A Cohoes, stock $50,000, divi
dends under lease 7% ; Lanslngburg & Cohoes, stock $15,000, dividends
under lease, 7% ; Troy A Lanslngburg, stock $700,000, owned by Troy
City Ry ; total $765,000. The Waterford & Cohoes R R ., $25,000 stock,
receives 7 % yearly under lease.
DIVIDENDS.— First quarterly dividend. 1 '4 % , was paid May 1. 1900:
same rate continued up to and Including July 1905. For year 1906
was paid. On Dec. 31 1906 stock was Increased from $5,000,000 to $12,500,
000 and dividends made semi-annual (T-.D and 2/4% paid July 1 1907,
2 y % Jan. 1 1908 and 2%each six months since, to and Including Jan. 1911.
ROAD.— Operates 95.52 (Including the Cohoes Ry.) miles of track, of
which 76.65 miles owned, connecting Albany, Troy, Cohoes, Rensselaer,
Watervllet, Lanslngburg, Green Island, Waterford, Ac. Has 436 cars,
Including 15 snow-piows, 9 sweepers and 12 service cars. Carries express
and light freight. Standard gauge.
ANNUAL REPORT.— Years ending Dec. 31:
1908.
1909.
1909.
1908.
$904,772
Gross earns..$2,090,331 $1,956,628 (Total net___ $1,051,253
428,320
Oper. exp___ 1,223,052 1,223,542 Chgcs. A taxes
496,858
500,000
500,000
N et.................
867,279
733,086 Dlv. ( 4 % ) ...
54,395
X23.548
Otherlncome. 183,974
171,6861Balance, surp.
x Deficit.
OFFICERS.—Pres., L. F. Loree, New York; 1st V .-P., C. S. Sims; 2d
V.-P., W. H. Williams, New York; Sec. and Treas., James McCredle, Al
bany; Aud., G. W. Ogsbury: Gen. Mgr., Edgar S. Fassett; Supt., Chas. H.
Smith; Traffic Mgr., Chas. H. Armatage; Compt., W. H. Davies. Princi
pal office, Albany.— V. 83, p. 1381; V. 84. p. 932, 1368, 1429.
(1) Hudson Valley Railway.— A trolley road.
In Dec. 1906 a majority of the stock and bonds was acquired by the
United Traction Co of Albany. V. 84, p. 51.
ORGANIZATION.— Incorporated Aug. 14 1901 as a consolidation of the
Glens Falls, Sandy Hill A Fort Edward Street R y.. Warren County Electric
Rv.. Stillwater A Mcchanlcvllle Street R v.. Greenwich A Schuvlervllle
Street R y. Co.. Saratoga Traction Co., and Saratoga Northern R y., the
capital stock of these roads being exchanged for stock In the new company.
See "Chronicle," V. 73, p. 391. Carries freight and express as well as
passengers. 80% private right of way. Franchises are all perpetual.
Owns all the stock ($200,000) and all the bonds ($200,000) of the North
River R y., a road operated In Saratoga by this company.
In 1906 part of the consol. 5s were converted Into debentures In accor
dance with a plan for the re-adjustment of the company’s finances. V. 82,
p. 1040. In March 1906 authorized $2,500,000 preferred stock to provide
for the convertible feature of the debenture *‘ Bs." V. 82, p.751.
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity.
$3,000,000
_______
Common, $3,000,000, par $ 1 0 0 ___
Preferred ($2,500,000 ( s e e l ___
________
See text.
text), 5 % non-cumulatlvej
2,222,000
July
First consolidated mortgagel 1901 5 g J-J
.
.
_ 1 1951
$4,000,000 (denomination (Interest at Manufacturers’ Nat. Bank, Troy.
ALBANY, N. Y .
$1,000 gold)___________ c*JMay be called at 110 A lilt, on any Int. date.
UNITED TRACTION.—A trolley road.
- g
$500,000 Mch 1 1911
Collateral‘ trust $650,000____ 1906
5
The entire stock of this company Is owned by The Delaware & Hudson Deb. "A "1Income $700,000__ 1906
474,000 Jan 1 1951
5g
Co. V. 81, p. 1552; V. 82, p. 160. The D. A II. also owns the Troy & Deb. ” U”1Income $2,500,000. 1906
2,500,000 Jan 1 1951
2g
CANTON
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Underlying Liens—
G F S H <5e F E llrst M (no op)) 1801
6 J-J
$100,000 July 11911
$500 and $1,000) gold___ ciCentral Trust Co., New York, Trustee.
do 2d M ($500) gold__c.l 1803
6 J-J
50.000 July 11913
lin t, at Merchants’ Nat. Bank, Glens Falls,
do 3d M ($150,000) ___) 1001
6 A-O
82,000 April 1 1021
„ .
/May be called at 100
Still & Mech first m ortgage..) 1893
6 A-O
47,500 April 1 1013
■jlilt, at Manufacturers’ Nat. Bk., Troy, N. Y .
do
do
consol mtgel 1898
0 A t)
202.500 April 1 1013
$250,000 .. .........................JGlens Falls Trust Co.. Glens Falls, Trustee.
Bonds.— Of the $4,000,000 mortgage of 1901, $482,000 Is set aside for
prior Hen and $1,290,000 have been deposited as collateral for the collateral
trust 5s. The debenture “ B" bonds are convertible Into preferred stock to
March 1 1917 Inclusive. Collateral trust 5s are redeemable at par and lnt
on 30 days’ notice. Interest on the debenture “ A ” and “ B” bonds Is
neither cumulative nor obligatory.
REPORT.— For fiscal year ending Dec. 31 1909, gross, $614,475; net
$141,051; fixed charges, $241,362; deficit, $100,311.
ROAD.— Main line extends from Troy northward along the Hud
son through the villages and towns of Waterford, Mechanlcvtlle, Still
water, Schuvlervllle, Thomson, Fort Edward, Sandy Hill, Glens Falls
and Caldwell to Warrensburg. The Saratoga Division, which branches oil
the main line at Mechanlcvllle. provides a line from Troy to Round Lake,
Ballston Spa and Saratoga, with a branch from Saratoga Springs to Glens
Falls, via South Glens Falls, which branch was completed In June 1903.
There Is also a branch line from Saratoga Springs to Kaydeross Park on
Saratoga Lake and another from Thomson to Greenwich. Total first track.
112.06 miles; second track, 4.40 m.: sidings, 9 m.; making a total of 125.46
miles of track. Ralls, 60, 70 and 80-lb. T and 140-lb. girder.
Stand
ard gauge. Operates 94 passenger cars, 7 snow plows, 2 electric loco
motives and 7 express cars. Company owns Kaydeross Park, at Saratoga
Lake; Ondawa Park, between Greenwich and Thompson. V. 83, p. 155,
213, 1098; V. 84, p. 51, 1366; V. 89, p. 286.
ALLENTOWN, PA.
LEHIGH VALLEY TRANSIT CO.— A trolley road.
ORGANIZATION.— Incorporated In Pennsylvania on Nov. 3 1905 and
f corganlzari on under foredosure of the Lehigh Valley Traction Co., the
Philadelphia & Lehigh Valley Traction Co., the Allentown & Slatlngton and
the Coplay Egypt & Ironton Street R y., as per plan In V. 79, p. 733. 1462.
Franchises perpetual.
Under agreement made In July 1907 cars of the Lehigh Valley Transit
have their Philadelphia terminal In the Philadelphia Rapid Transit station
at Chestnut Hill. V . 85, p 99. lias started through trolley freight service
between Allentown and Philadelphia. V. 91, p. 716
Owns the following stocks and leases:
Name of Company—
Owned TofaUssue
Allentown Electric Light & Power Co. (common)_____ $150,000 $150 000
_ ,
™ ..
,-,do
d0
(preferred) ____ 10,000
isoiooo
Quakertown Traction Co-------------------------------- -------275 000
300 ooo
♦Chestnut Hill & Snringhouso Turnpike Road Col I I I I 69,300
70 000
mtVinwm PHotel
i§W.e1 Co—
n ° ..........................................................
50,000
50,000
__ ________ ___
inn
000
100
000
Rittersvlllc
Allentown & South Allentown St. Ry ZZZZZZZZZZZZZZZ All
(Tj
Allentown & South Allentown Bridge C o .......................
All
(?)
Lease of Bethlehem & Nazareth Passenger Railway Co.: lease Is for 999
years at 5 % on stock and bonds.
V,eas£,otQ,.la!icrtown Trao. for $ 15,000 per annum. In Sept. 1910 Lehigh
Valley Transit Co. canceled Its lease of Quakertown Trac. Co. and decided
to build Its own line from Quakertown to Perkasle (V. 91, p. 716). In
Feb. 1911 Quakertown Tract. Co. bondholders having failed to accept oiler
made by the Transit Co. to acquire Quakertown Tract. Co. bonds (V. 91 ,
p. 1096; V. 92, p. 323) the Transit Co. withdrew the olfer.
By ownership of a majority of the stock of the Allentown Electric Light &
Power Co. and all the stock of the Slatlngton Power Co., It controls the
business of the following light, heat and power companies:
Allentown Electric Light & Power Co.
Bethlehem Electric Light Co.
1Leased to the Allentown Electric
South Bethlehem Elec. Light Co./ Light & Power Co.
Slatlngton Power Co.
Citizens’ Elec. Light, Heating & Power Co. 1Leased to the Slatlngton
of Slatlngton and VValnutport___________ ] Power Co.
* Property condemned and company Is to liquidate.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common. $3,000,000, par $ 5 0 . ____
xa 097 sro
Preferred, $5,000,000. par $ 5 0 1 ____
_***......... 4 ’n7fl’nR7
...............
5% , cum. after Nov 3 1910/
F,r8L
55,000,000] 1905 4-5 g M-S
4,700,000 Dec 11935
gold $1,000)-------------------cf Guaranty Trust Co., New York, Trustee.
Consol mortgage, $7,500,000,1 1005 4-5 g J-D
354,000 Dec 11935
gold ($1,000)......................./Lehigh Valley Tr. A S . D. Co.. Allentown,Tr.
Ref & Imp. mtgo $15,000,0001 1910 5 g J-D
3,056,000 June 1 1960
g ($500 and $1,000)___ o*/LchIgh Val. Tr. &S. D. Co., Allentown, trus.
Beth & Nazar St Ry stock................. ...............
150,000 5 % guar
B o n d s .............................................
5 M-N
150,000 May 1 1929
The Lehigh Valley Transit has agreed to guar, the lnt. on $500,000 bonds
of the Allentown & South Allentown Bridge Co. V. 85, p. 40. The latter
have not yet been Issued.
Stoclc.— Voting Trust.—Stock (both classes) was held In a voting trust
for three years from Nov. 3 1905. Trust then extended until Nov. 3 1911,
trustees having the power to terminate the trust earlier. V. 87, p. 1011,
1533. For amounts of these voting trust certificates listed on the Phlla.
Stock Exchange, sec V. 91, p. 154.
Bonds.— Of the $5,000,000 first mtge., $2,770,000 bear 4% Interest and
aro all out and $2,230,000 are 5s. $300,000 of these bonds were reserved
to take up the $300,000 Quakertown Traction bonds. See V. 82. p. 628.
Interest at Brown Bros. & Co., Philadelphia. The first mtge. bonds arc
redeemable on any Interest date, the 4s at 105 and the 5s at 110. Of the
consols $2,500,000 4s were outstanding but $2,146,000 have been exchanged
for ref. & tmprov. bonds. Int. on the consol, bonds Is payable at the com
pany's office or at office of Brown Bros. & Co., Philadelphia. These bonds
arc not subject to call. Of the $15,000,000 ref. & bnprov. bonds $5,000,000
^)tc reserved to retire 1st M. bonds; $354,000 for consol, mtge. bonds;
$6,250,000 for additions, betterments and Improv'ts, and $125,000 for
general purposes. Bonds arc red. at 105 and lnt. on or before June 1 1920
and at 110 and lnt. thereafter. V. 92, p. 187. Int. Is payable at office
of Brown Bros. & Co., Philadelphia.
ROAD.— Owns 109.7 miles of road and 14.6 miles of second track, con
necting Allentown, Bethlehem, South Bethlehem, Ilellertown, Nazareth,
Siegfrieds, Coplay, Catasauqua, Egypt, Emaus, Macungle, Slatlngton,
Quakertown, Perkasle, Lansdalc, Ambler and Philadelphia. Leases 10
miles and controls 10.5 miles through stock ownership. Total operated,
144.8 miles. 135 passenger, 4 exprcss-and-frclght and 28 mlsc. cars. A
1,700-ft. bridge between Allentown and South Allentown Is to be built by
the controlled Allentown & South Allentown Bridge Co.
• REPORT.— For fiscal year ending Nov 30:
Fiscal
Passenger
Other
Total
Net
Fixed Balance,
Year—
Receipts. Income.
Income.
Earns. Chges.&c. Surplus.
1909-10 ----- $1,012,969 $166,708 $1,209,677 $647,333 $437,133 $210,200
1908-09 ___
056,888 114,573 1,071,461 523,290 421,602 101,688
— V. 91, p. 1574, 1328.
• OFFICERS.— Pres., R. P. Stevens; V.-P., John C. Dawson; Sec. and
Treas., Chas. N. Wagner; And., C. M. Walter.— V. 90, p. 819, 1171, 1363.
1676; V. 91, p. 154, 716, 1025, 1096, 1328, 1574, 1629; V. 92, p. 187.
ALLENTOWN & READING TRACI ION CO.—A trolley road.
ORGANIZATION.— Incorporated April 25 1898, and leased the Allen
town & Reading Electric Street Ry. for 290 years from June 4 1898. On
Feb. 6 1002 leased for 290 years the Kutztown & Fleetwood Street Ry.
Controls the Kutztown Light. Heat <fc Power Co. Connects with United
Traction Co. tracks from Reading, thus forming a through line from Allen
town to Reading
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Stock. $750,000, $50_................................ ............
$250,000
...............
First mortgage, $250,000,'! 1900 5 g J-J
250,000 July 1 1930
gold. $100, $500 and $1,000 / Interest at Fidelity Trust Co.. Phlla., Trustee
AND BONDS— D a t e .
I n ter es t.
O u tsta n d in g .
Maturity.
l' V * # I Kut/towndc Fleetw’d) 1902 5 g J-J
$200,000 Jan 11932
$200,000, guaranteed p & 1/
First consol mtge $750,000 ] 1902 5 g J-J
300,000 July 11932
gold ($500 & $i 000). _c3cr/Int.at Integ.Tltle Ins.& Tr.Co..Phlla..Trus.
Loans and notes payable June 30 19(j9 ____ ____
73,476 __________
Bonds. Of the $750,000 of uew consols, $450,000 are reserved to retire
Prior liens. They are subject to call at par after July 1 1917; no sinking
*UI}?:
m_oitgacre bonds are redeemable at par.
ycar end'ng June 30 1909, gross, $163,123; net.
570.728. Int., rentals, &c., $69,388; surplus, $1,340.
KUAJJ.—
° P erat«s 39-60 miles main Hue,7.50 miles sidings— total,47.10
miles;
4o cars.
OFFICERS.— Pres., H. E. Ahrens, Reading; V .-P., H. P. Roeper,
Read 1ng:S ec. , S . K . Ho ffma n, Hamburg; Treas., Geo. B. Schaffer, Reading;
Supt.. W. J. Bear, Kuntztown.— V. 81 , p. 1492; V. 82, p. 216.
ALLIANCE, OHIO.
STARK ELECTRIC RR.— An electric railroad.
t
and *s a consolidation In Dec.
1902 of the Alliance Electric R y. and the Stark Electric R y. Controls the
Salem & Eastern Electric Ry. The latter has no securities outstanding.
On Mar. 10 1910 authorized stock was Increased from $1 000 000 to S I 500,000 and $250,000 distributed In a 25% stock dividend
V 00 d 700
STOCK AND BONDS— Date.
Interest. Outstanding
Maturity
Stock $1,500,000 ($100).....................
Q-J
$1,250,000 Jan’ l l 54 %
First mort. $1,000,000 gold) 1903
5 g J-J
079.000 Jan l’ 1028
($1,000) sinking fund, call-[Citizens’ Sav. & Tr. Co., Cleveland Trustee
able at 1 0 5 ......................cJInt. at United Bank & Sav. Co . Cleveland’
B o n d s . — 1% will be retired annually from Jan. 1 1911 to Jan l 1915 ’
from Jan. 1 1915 2% each year to 1928. $21,000 have been retired
D i v i d e n d s . — First dlv., *A%, paid July 1908; 54% has been paid quar
since to and Including Jan. 1911.
In April 1910 also a stock dividend of
25%. V. 90, p. 448,700.
EARNINGS.— For calendar year 1910, gross, $253,549; net, $143 847n 1909, gross, $238,266; net, $137,027:
ROAD.— Operates 34 miles of track from Canton to Salem, Including
Alliance City lines. Standard gauge. 67 and 70-lb. T rails and 70 and
90-lb. girder rails. Total mileage, Including double track, 36 miles.
OFFICERS.— Pres., C. R. Morley. Cleveland: V.-P.. David Morlson;
Sec., E. S. Cook; Treas., E. Strauss: Aud., A. J. Sampson; Gen. Mgr.,
F. L. Mowry.— V. 76, p. 973; V. 86, p. 1468; V. 90, p. 448, 700, 1171.
AMSTERDAM, N. Y.
AMSTERDAM STREET RR,—This road, together with the Cuyadutta
Electric R y.. was consolidated In Dec. 1902 with the Fonda Johnstown &
GloversvlUe RR. See statement of the latter In “ Railway and Industrial
Section.”
ANDERSON. IND.
INDIANA UNION TRACTION C O —A trolley road.
ORGANIZATION.— Incorporated In Indiana on June 9 1903. Leases
Union Traction Co. of Indiana from June 30 1903 for 999 years. For terms
see that company below. In Dec. 1905 acquired the Indiana Northern
Traction Co., subject to $500,000 mtge., prin. and Int. of which Is guaran
teed by Indiana Union Trac. Co. V. 81, p. 1848. In April 1900 acquired
entire com. stock ($500,000) of the Muncle Hartf. & Ft. W. Ry. V. 82, p.
805, 869, 1041. In June 1906 leased that company, and In addition to op
erating exp., lnt. on bonds. &c.. pays a rental equivalent to 5% on Its
$500,000 cumulative preferred stock. See V. 83, p. 96. In June 1906
acquired the road of the Muncle & Union City Traction Co. from Union City
to Muncle. Owns the company’s entire $500 000 stock and guarantees Its
bonds, principal and Interest. V. 83. p. 96.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity
Stock, $5,000,000 ($100)............ ..............................$5,000,000
mortgage $5,000,000) 1903
5 g A-O
1,250,000 July l'i-933
First
$1,000) gold----------------- c*(Intcrest at Girard Trust Co., Phlla., Trustee
Indiana North Trac first mtge) 1903 5 g A-O
500.000 Oct 11933
$500,000 gold ($100, $500)Interest at Trenton (N. J.) Trust & Safe Deand $1,000) guar_______ c*J posit Co., Trustee.
5 g J-J
970,000 Jan 1 1935
M H & Ft W first mortgage) 190 )
$1,000,000 gold ($1,000)c*/lnt. at Guard. Sav. & Tr.Co.,Clcve., Trustee.
Mun
& Un O M $925,000) 1906
5 g J-J
925,000 July 11936
guaranteed gold ($1,000)c*JInt. at Fidelity Trust Co., Phlla., Trustee.
Bonds.—Of the $5,000,000 bonds of 1903, $3,750,000 are reserved for
extensions and Improvements, but can only be Issued when net earnings are
1 H times Interest charges on outstanding bonds over and above rental
payments to Union Traction Co. $118,000 of the $1,250,000 bonds out
arc held In sinking fund. Sinking fund, 1K % per annum of outstanding
bonds, became operative on July 1 1904. Fund Is to be Invested In the
bonds at not above 105 and Interest, and bonds may bo drawn at 105
and lnt. on any Interest day. The Indiana Northern Traction bonds are
subject to call at 105 and Interest on six weeks’ notice. V. 82, p. 805.
The Muncle Hartford & Fort Wayne bonds can be called Jan. 1 1925, or
after, at par. A sinking fund on those bonds of 2 Vi % of gross earnings
per annum began July 1 1905. See V. 80, p. 1059. $30,000 have been
retired. The Muncle & Union City bonds are subject to call after five
years at 105; are guar., n. and 1., by Ind. Un. Trac.
S t o c k . — Listed on Philadelphia Stock Exchange In May 1905.
REPORT.— For the calendar year 1909 were: Gross, $2,103,019; net,
$989,590: fixed charges. Including dividends on stocks of Union Traction of
Indiana and Muncle Hartford & Ft. Wayne R y., $948,756; surplus, $40,834.
In 1908, gross, $1,902,330; net, $843,585.
ROAD.— Besides the city lines In Marion, Anderson, Muncle, and
Elwood. owns an Interurban road from Anderson (via LInwood, Alex
andria, Summltvllle, Falrmount, 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
Muncle, via Yorktown, Dalevllle, Chesterfield, Anderson. Pendleton.
Ingalls, Fortvllle. McCordsvlIle and Lawrence, to Indianapolis; also an
Interurban line from Logansport, via Kokomo. Tipton, Atlanta, Arcadia,
Cicero. Noblesvllle, Carmel, Broad Ripple, to Indianapolis, and from Peru
to Kokomo; total track aggregates 210 miles of interurban and 50 miles of
city lines, standard gauge. Also a line from Anderson to Middletown
10 miles, put In operation Aug. 1. 1905; likewise Ind. North. Trac. 20 miles
of track between Marlon and Wabash, also Muncle Hartf. & Ft. Wayne Ry
42 miles, from Muncle to Bluffton, via Eaton, Hartford City, Montpelier*
Keystone and Poneto and Mun. & Union City. 34 miles, from Union
City to Muncle; total, 366 miles of track. Through cars arc run between
Indianapolis and Fort Wayne In conjunction with the Ft. Wayne &
Wabash Valley Traction Co. V. 83. p. 1102. Provides package freight
service between Indianapolis and Muncle and Indianapolis and Logans
port and Peru, and to all other points on the system. Operates through
freight service between Indianapolis and Ft. Wayne. By contract until
Nov. 1933 cars are run over tracks of Indianapolis Street Ry. In Indianap
olis. Since June 1909 carrier express matter per contract with l T. S. Express
Co. A large central power station, with necessary storage batteries, at
Anderson, operated on a three-phase system, with 19 sub-stations, likewise
equipped with storage batteries, operates entire system.
EQUIPMENT.— 98 city cars. 81 Interurban cars, 19 express cars and
112 service cars; total. 310.
OFFICERS.— Pres . A. W. Brady, Anderson; 1st V .-P ., J. Levering
Jones, Phlla.; 2d V.-P , W. Kesley Schoepf, Cincinnati; Sec. and Treas.,
Wm. H. Forsc Jr., Anderson; Gen. Mgr., II. A. Ntcholl. General offices
and transfer offices, Anderson, Ind.— V. 83. p. 37, 99, 388: V 86 n 421’
V. 87, p. 226; V. 88, p. 624, 879: V. 90, p, 627; V. 91, p. 212,
(1) Union Traction Co. of Indiana.— A trolley road.
ORGANIZATION.— Incorporated May 28 1903 as a consolidation of the
Union Traction Company of Indiana (Incorporated on June 27 1899) and
the Indianapolis Northern Traction Co. (Incorporated in April 1902)
On consolidation a 70% stock dividend was paid to Union Traction share
holders, calling for $3,500,000 additional common stock. V 76 p. 1302
Leased June 30 1903 to the newly formed Indiana Union Traction Co
for 999 years. The lease, as modified June 15 1904, provides for 5% on
Union Traction Co. pref. stock and dlvs. on com. ranging from 1% to 6% ,
based on gross earnings of all properties operated by lessee, except proper
ties leased after June 15 1904. V. 79, p. 2455. Franchises are generally
for 50 years.
The Indianapolis Northern Traction assumed payment of principal and
Interest of half ($200,000) of the bonds on the Broad Ripple Traction Co.
and also half of the Intelest of the remaining $200,000 bonds for 10 years
from May 1 1903. See V. 78, p. 1167
STOCK AND BONDS—
Date.
Interest.
Outstanding.Maturity.
ASHLAND, WIS.
Common, $7,500,000 ($100).............
J-J
$7,500,000 Jan.’ l l , 1 1-5
ASHLAND LIGHT. POWER & STREET R A IL W A Y .— A trolley road.
Pf, 5% , cu m ,$l,000.000 ($ 1 0 0 )-----5 A -0
1.000,000 O cflO ,2)4 %
Anderson Elec St 1st mtg, g) 1802
6 g J-J
150,000 July 1 1012
On Feb. 13 1908 Ashland Power Co. was Incorporated In Wisconsin
$1,000 each)_____ _____c jln t. at Farm. L. <Sc T. Co.. Trustee, N. Y. C. and authorized by Wisconsin R R , Commission to Issue $50,000 com.
Citizens 1st mtg, $250,000,1
1807 6 g J-D
123,000 Dec 1 1027 and $50,000 pref. stock and $300,000 bonds, for purpose, among other
s f, subject to call at 105,^Interest at Guar. Trust & Safe Deposit Co., things, of acquiring $200,000 stock of Ashland Light, Power & Street R y.
denom $500 and $1,000.c*J Philadelphia, Trustee.
Co. „ 9 f f ,ces of former company are: Pres., C. D. Wright; V .-P ., Geo. F
Marlon City 1st mtg, $400.-\ 1805
6 g M-N
348.000 May 1 1015 Merrill; Sec., I. S. Smith; Mgr., A. E. Appleyard. V. 87, p. 470.
000, gold ($1,000)_______ cjlnterest at Trust Co. of America, N. Y.
In Feb. 1896 as successor to Ashland
1st gen mtg, $5,000,000, gold]
1800 5 g J-J
4,378,000 July 1 1010 .Lighting & Street R y.— Chartered
Owns exclusive electric light and gas rlghtslnclty.
($1,000)___________ c& r*jlnt. at Trust Co. of Amcr., N. Y ., Trustee.
bonds cover lighting plant. Has acquired the White River Power Co.,
Indianapolis Nor Trac 1st)
1002 5 g J-J
5,000,000 July 1 1032 and
mtg $5,000,000, g ($1,000), [interest at Trust Co. of America, New York, whose bond Issue has been canceled. V. 88, p. 1559.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
guar p and I by Un T rac.c*j Trustee.
$300,000 ($100)................
$200,000 ............. ......
Stock and Bonds.— Of the $5,000,000 general mortgage, $622,000 aie Stock,
1st
mortgage,
$1,000,000
gf
1909
5
g" j - j
444,000
Jan 1930
reserved for underlying bonds. See V. 71, p. 1013. Common and pref.
($1,000) --------------------c&r{Int. at Chic. Sav. Bk. & Tr. Co., trustee.
stock and gen. mortgage bonds are listed on Philadelphia Stock Exchange.
I (Leverett Thompson of Chic, co-trustee.)
Pref. stock Is redeemable after Dec. 15 1010 at par and unpaid dividends,
Bonds.— Subject to call on any lnt. day at 104 In and after 1014. Sinking
on 30 days’ notice.
Dividends.— Pref. stock of Union Tract. Co. dates from Jan. 1 1001. fund of 1% of bonds out begins 1912.
EARNINGS.— Fiscal year ending June 30'1010, gross, $92,585; net,
First dlv Oct. 1. 1001 (for 0 mos., Jan. 1 to Sept. 30), 3 % % ; 1002 to 1010
lncl., 5% per annum. On com. have been: In 1903, July, 1%: In 19 4, $44,915. Year ending June 30 1909, gross, $78,210; net, $35,846
ROAD.— Operates 7 miles of trolley track.
Jan., K % : July, 1%; 1007, Jan., H % ;July, H % ; 1908, Jan., 2-3%; then
OFFICERS.— Pres., J. C. Chappie: Treas., G. F. Merrill.— V 87, p. 470:
none (V. 87, p. 227) to July 1909, when
was paid; In 1910, Jan.,
2-3%; July, 1%; In 1911, Jan., 1 1-5% .— V. 86, p. 1591; V. 87, p. 227,286. V. 88. p. 1550.
ANDERSON, S. C.
GREENVILLE SPARTANBURG & ANDERSON R Y.— A trolley road.
ASHTABULA, OHIO.
ASHTABULA RAPID TRANSIT CO.
In Feb. 1907 control of this road was acquired by L. A. Robison. Pres,
of the Penn. & Ohio R y., and associates.
ORGANIZATION.— Chartered Oct. 7 1890.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
$500,000 ...................
Stock, $500,000 ..................................................
1st mtge, $75,000, gold,] 1891
6 g J-J
75,000 July 1 1011
($1,000) .....................c*& rjlnt. at Central Trust Co., Trustee. N. Y. O.
5 M-S
3 10,000 Sept 15 1927
2d mtge, $500,000.....................(1907
|Citizens S & T. Co., Cleveland, trustee.
Bonds.— $75,000 2d mtge. bonds are reserved for prior liens and $115,000
ANNISTON, ALA.
are In treasury of company.
ANNISTON ELECTRIC & GAS CO.
EARNINGS.— Year ending Dec. 31 1910, gross $73,306; net, $26,764.
ROAD.— Operates 5 miles of track on 5 miles of street.
ORGANIZATION.— Incorporated In New Jersey In 1899 to take over
OFFICERS.— Pres., L. A. Robison, Pittsburgh; Sec. & Treas., Wyn B.
the Anniston Electric Co. and the Oxford Lake Line, sold at foreclosure
August 1899; also acquired at receivers’ sale the Anniston Gas & Light Co. Morris, Pittsburgh; Gen. Supt., Palmer Wardman, Ashtabula. V. 85, p.468.
STOCK AND BONDS— Date.
Interest. Outstanding.
Maturity.
PENNSYLVANIA & OHIO R Y .— A trolley road.
Stock, $250,000 ($100).........................................
$250,000 ...................
The same Interests control the Ashtabula Rapid Transit Co.
1st mtge, $300,000 ($100,1 1899
5 g J-D
300,000 Dec 1 1929
ORGANIZATION.—
Incorporated March 17 1898.
$500) g o ld ------------------- c* jln t. at Balt. Safe Dept. & Tr. Co., Trustee.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Bonds.— Entire Issue may be called at 105 and Interest.
$1,300,000 ...................
Sinking fund of 1 % of bonds outstanding became operative on Dec. 1 Stock ($100),$1,600,000 auth .................. ........
1st
mtge
$600,000
gold,]
1901
5
g M-S
600,000 Mch 15 1021
1905, but to be available for bond redemptions only If the money cannot be
$500 each-------------------- c*JInt. at Citizens’ Sav. & Tr. Co., Clev., Trus.
advantageously employed "for the acquisition of permanent extensions
Jefferson Division ($500),] 1902 5 g M-S
100,000 Mch 15 1922
and additions.”
$100,000------------------------- jln t. at Citizens’ Sav. & Tr. Co., Clev., Trus.
EARNINGS.— For calendar year 1910, gross, $133,593; net, after taxes’ Gen. mtge., $900,000, gold] 1906
5 g M-S
200,000 Sept 15 1026
545,262; llxed charges, $15,000; other deductions, $10,934; surplus($ 500)_______ _______ c jln t. at Citizens’ Sav. & Tr. Co., Clev., Trus.
$19,328. In 1909, gross, $137,527; net after taxes, $44,960; llxed charges,
Bonds.— Of the new gen. mtge. bonds, $700,000 aro reserved to retire
$15,000; other deductions, $10,597; surplus, $19,363.
prior liens.
ROAD.— Operates 10 miles of road from Anniston to Oxford Lake,
EARNINGS.— For calendar year 1910, gross, $115,404; net, $48,373.
Including 5 miles of track on city streets.
• OFFICERS.— Pres., S. Z. Mitchell, New York; V.-Ps., F. L. Dame, In 1009, gross, $106,545; net, $41,632.
ROAD.— Owns and operates the Conneaut city line, 3 miles, and has
N. Y ., and R. A. Mitchell, Gadsden, Ala.; Sec. and Treas., II. M. Francis,
N. Y .; Asst. Sec. and Asst. Treas., E. P. Summerson, N. Y.; Gen. Mgr., built westward from Conneaut to Kingsville & Ashtabula, 13 miles, and
south
from Ashtabula to Jefferson. 10 miles; total, 26 miles. A through
R . L. Rand, Anniston.— V. 68, p. 928; V. 69, p. 283.
line between Cleveland, O., and Buffalo, N. Y ., Is now In operation, of which
this road forms a part.
OFFICERS.— Pres., L. A. Robison, Plttsb.; Sec. and Treas., W. B.
ASBURY PARK, N. J.
Morris, Plttsb.; Gen. Supt., Palmer Wardman. Office at Ashtabula.—
ATLANTIC COAST ELECTRIC R Y.— Trolley.
V. 82. p. 920, 987.
____
ORGANIZATION.— Incorporated In New Jersey on Dec. 8 1905 as
successor to the Atlantic Coast Elec. Railroad Co..sold under foreclosure of
ATCHISON,
KANSAS.
the general mortgage of the latter. Leases the Seashore Electric Ry. of
ATCHISON RY. LIGHT & POWER CO.
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),
On June 3 1910 control of company was acquired by syndicate headed by
and owns all of the stock of the West End & Long Branch R y. and of the W . B. McKinley, President of Illinois Traction Co. V. 90, p.1553.
Asbury Park & Sea Girt R R ., the former Is leased from Aug. 3 1896 until
ORGANIZATION.— Successor In 1895 of the Atchison Ry. Elec. L & P
July 17 1945 at a nominal rental, and the latter for 99 years at 6 % on stock
from Aug. 27 1898; both stock and bonds of Asb. Park & S. G. are owned. Co. Controls electric railway, lighting and gas properties of Atchison
On Oct. 4 1910 shareholders voted to Increase stock from $900,000, of
Also entire stock ($100,000) of the Atlantic Coast Electric Light Co., which
supplies the electric lights of Asbury Park, Allenhurst, Belmar, Ocean which $400,000 was pref., to $1,500,000, all one class, and to make a mtge.
Beach, Como and Spring Lake. The Seacoast Traction Co. (capital for $1,500,000, of which $750,000 was Issued Immediately to take up
pref. stock, retire prior bonds, and for improvements, &c. V. 91,
$100,000), running from Belmar to Spring Lake, 2 miles, has been leased $400,000
to the Atlantic Coast Electric Ry. for 09 years; Us stock and bonds are p. 1024, 1091, 1628.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
owned. Franchise In Belmar expires In 1947; In Asbury Park In 1037; In
(?)
__________
Long Branch, some expire In 1945 and others are perpetual; In Ocean Town Stock, $1,500,000 ($ 100) ..........................................
_________ $750,000
...................
ship, perpetual; In Sea Girt, expire In 1015, 1926 and 1956 franchises of First mtge., $1,500,000.......... 1910
Seacoast Traction Co. arc perpetual.
EARNINGS.— For 12 months ending Dec. 31 1009, gross, $210,300; net,
D iv . or
after taxes, $67,740. In 1908, gross, $188,109; net, after taxes, $51,451.
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity.
ROAD.— Operates 8H miles of track.
$1,000,000 In 1010 3%
Stock $1,000,000 ($100).............. ..........................
OFFICERS.— Pres., W. P. Waggoner: V .-P., B. P. Waggoner; Sec.,
1st mortgage gold $1,000,-1 1895 5 g M-N
800,000 May 1 1945 Chas. Brown.; Treas., W. W. Hetherlngton.— V. 81, p. 1909; V. 90, p. 1553;
000
...............................Jlnt. at Knickerbocker Tr. Co.. N. Y., Trus. V. 91, p. 1024, 1094, 1628.
Gen mtge $1,000,000 gold] 1906 5 g J-J
1,000.000 July 11045
($1,000) - ...........- ..............c/Interest at Central Trust Co., N. Y ., Trustee.
Seashore El Ry sto ck ........................
.............
200 000 __________
ATHENS, GA.
Seashore Electric Ry lstf 1892
6 g J-J
200.000
1017
ATHENS R AILW AY & ELECTRIC CO.— A trolley road.
mortgage $200,000 .............( lnt. at Seacoast Nat’l Bank, Asbury Pk.,N.J.
ORGANIZATION.— Incorporated In Georgia on April 1 1010. Pur
5 J-D
241,000 June 1 1945
Atlantic Coast Electric Lightl -------First mortgage $500,000[lnt. at Asbury Park & Ocean Grove Bk., chased Athens Elec. Ry. Co. Leased for 99 years from Oct. 1 1910 the
gold.......................................J Asb. Pk. Morton Tr. Co.. N. Y.. trustee. James White power plant. V. 90, p. 1101, 1423. Has contract to furnish
Bonds.— Of the $1,000,000 firsts, $200,000 are reserved to retire a like arc lights to city; also Incandescent lamps to private parties. Franchise
amount of Seashore Ry. 6s. The latter are subject to call at 105. Entire perpetual. Total equipment affords 7,000 hydro-electric h.p. and 3,000 li.p.
bonds and stock of the Asbury Park & Sea Girt ($50,000 each) and the Sea from steam turbine plant.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
coast Trac. Co. ($100,000 each) are deposited under the new general mtge.
$750,000 ...................
ROAD.— Belt 1 tne In Asbury Park and extends from Asbury Park Stock, com, $750,000 ($100)...................................
through Long Branch to Pleasure Bay, about 24 miles, of which 10.12 miles Stock, pref (5% cum), $300,
000 ($100).............................................................
300.000Jan.’ l 12M %
Is over private right of way; V. 66, p. 616. Also from Asbury Park to
5 g J-J
425,000 July 1 1950
Sea Girt, about 9 miles, single track. Connects at Pleasure Bay with the 1st & ref M $2,000,000 gold/ 1910
sinking fund ($ 1,000) __c*\lnt at Farmers’ Loan &TrustCo.. N .Y .,trus
New York & Long Branch Steamboat Co.
Athens Electric Ry 1st Mf 1896
6 g J-J
12,000 July 1 1916
REPORT.— Years ending Dec. 31:
$1,000, gold ($500)---------cjColumbus Savings Bank. Columbus, Ga.,
1910.
1909.
1908.
1907.
1906.
I
trustee.
Interest
at
Columbus
or Athens.
Gross earnings - ................$402,495 $389,619 $343,056 $305,465 $289,831 Athens Electric Ry new lstl 1001
6 g A-O
388,000 Oct 1 1031
Operating expenses......... 198,547 191,701 164,345 139,002 111,222
mtge, $400,000 ($1,000) [interest at Title Guar. & Trust Co., Atlanta,
gold --------------------------- c*J Trustee, or Old Colony Trust Co., Boston.
Net earns, from o p e r ...$203,948 $197,828 $178,711 $166,463 $178,609
Stock.— Preferred stock Is redeemable at 105.
In 1910 mlsc. Inc., $1,388; fixed charges, $123,007; surplus, $82,320.
Bonds.— Of the 1st & ref. bonds. $400,000 are reserved to retire under
OFFICERS.— Pres., S. F. Hazelrlgg. N. Y.; Treas., H. II. Rogers; lying bonds, the remainder for acquisitions and Improvements at 75% of
Sec., G. B. Cade; Supt.. C E. Hereth.— V. 81, p 974, 1435, 1722.
cost, but only when net earnings are 1 H times lnt. on all bonds out. Sink,
und of 1% begins In 1915. Bonds are subject to call July 1 1915 at 110.
Of the Athens Elec. Ry. new 1st M., entire Issue, but no lesser part, may
ASHEVILLE, N. 0 .
be called on and after Oct 1 1911 at 106 and Interest; $12,000 reserved to
take up old bonds See V 73, p. 1311.
ASHEVILLE ELECTRIC CO.
ORGANIZATION.— The Asheville Electric Co. Is a consolidation of the
Dividends.— Initial dividend on preferred— 2J^%— paid Jan. 1911.
Asheville Street R R ., the Intermontane RR . tho Asheville & BUtmore St.
REPORT.— For calendar year 1910, gross, $170,809; net, $102,060;
Ry. & Trans. Co. and the Asheville Electric Co. Owns Riverside Park.
charges (incl. pref. dlv.), $61,505; surplus, $40,555. In 1900, gross, $148,
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity. 221; net, $89,903; charges, $36,367; surplus, $53,536.
Common. $750,000 ($100).................................. ..
$532,500 ...................
ROAD.— Owns 10 miles of track. 40-lb., 60-lb. and 70-lb. T and girder
Preferred, 6% cum, $222.000..........
Q-J
222,000
See text rails; 16 motor cars; power plants. 10,000 h.-p. capacity.
First mortgage $3,500,000] 1909
5 g J-J
1,000,000 July 1 1939
OFFICERS.—
W. T. Bryan; V.-Ps., J. Y. Carlthers and C. D,
($1,000) gold...................c*/Int. at Old Colony Trust Co., Boston, Trustee Flanigen; Sec., J.Pres.,
W. Morton; Treas., C. D. Cox. Office, Athens, Ga.—
Remaining bonds may be Issued for additions and Improvements V.
90,
p.
1101,
1423;
V.
92, p. 185.
under certain restrictions. A sinking fund begins In 1914 and continues to
and Including 1938. Bonds are subject to call on and after July 1 1914
at 105 and Interest on any Interest day on 30 days’ notice. V. 89, p. 846.
ATLANTA, GA.
Dividends.— On pref. has paid 6% per annum since July 1908.
GEORGIA R AILW A Y & ELECTRIC CO.
EARNINGS.— For calendar year 1910, gross, $309,553; net, $78,481;
fixed charges, $50,000; other deductions, $4,616; surplus, $23,865. In
ORGANIZATION.— Incorporated In Georgia on Jan. 28 1902, and on
1909, gross, $301,764; net, $76,478; fixed charges, $43,750; other deduc April 1 1902 took over the Atlanta Ry. <fe Power Co., the Atlanta Rap
tions, $1,214; surplus, $31,514.
Tran. Co., the Georgia Elec. Light Co. and tho Atlanta Steam Co. Fran
ROAD.— operates 12.27 miles, standard gauge, In Asheville; In chise perpetual. Comprises the street railway, electric light, gas, power
cluding second track and sidings 14.16 miles; 33 cars.
and steam-heating Interests of Atlanta and E’ulton Courity. Uses power
OFFICERS.— Pres., J. E. Rankin; V.-P., C. N. Mason New York, supplied by the Atlanta Water & Electric Power Co. from tho latter s plant
Sec. and Mgr., H. W. Plummer; Treas., H. M. Francis, 62 Cedar St., N. Y. at Bull Sluice on the Chattahoochee River, 15 miles from Atlanta—see
— V. 80, p. 410, 846.
V. 79, p. 153, 2149.Q B y terms of the ordinance permitting consolidation
• ORGANIZATION.— Acquired the Anderson Traction Co., sold at re
ceiver’s sale Oct. 12 1909. Stock auth., $3,000,000. Is closely allied with
Southern Power Co. Interests.
ROAD.— Operates 8 miles of railroad In and around Anderson, together
with a 10-mile extension to Belton. Total track, 18 miles. An extension
from Belton to Spartanburg Is under construction.
OFFICERS.— V.-P. and Gen. Mgr., J. P. Clark.— V. 89, p. 1346.
he company paid the city of Atlanta $50,000 In cash, and agrees to pay a
(2) Atlantic & Suburban Ry.
tax on gross receipts of 1 % for first 3 years, 2 % for the next 20 years and
O RGANIZATION.— Incorporated In New Jersey Dec. 4 1908 as a re
3% thereafter. V. 74, p. 397,727. Has contract with the city for street light
organization
the Atlantic City & Suburban Traction Co., sold under fore
ing for 5 years from April 1 1908 at $60 per arc per ann. In Oct. 1902 both closure of 1stofmtge.
V. 87, p. 1237, 1532.
pref. and com. stock were listed on Boston Stock Exch. V. 75, p. 849.
They are also listed on the Louisville Exchange.
—
Date. . Interest. Outstanding. Maturity.
_________
$150 000
In June 1903 acquired the entire capital stock ($600,000 6% preferred Stock, $750,000 ($50)________ _____
and $1,014,625 common) of the Atlanta Gas Light Co., comprising the gas Ffrst ™?rt&aSe- $650,0001 1909
4 ’g F -A *"
591,’ lOO Aug” fl9 2 9
business of Atlanta and vicinity, by exchange of stock, $ for 5
V. 76, n j " ’ ’ ?™ 1
— c"J Int. at Cambridge Tr. Co., Chester Pa., Trus.
Prior lien M’ $100’ 000’ guarl -----5%
100,000
1925
p. 1406. The gas company, however, maintains a separate organization.
p & 1, by A C & S Co______j
In April 1909 Ga. UR. Comm, sanctioned the Issue of $1,250,000 ref. <5»
ext. mtge. bonds. V. 88, p. 1127.
Bonds.— Bonds have no sinking fund. V. 87, p 1237.
STOCK AND BONDS—
Date.
EARNINGS.— For calendar year 1910, gross, $93,190; oper. exp. and
Interest. Outstanding. Maturity.
• > v
v
Common ($100)_____________
$8,514,600 Nov 19 1910,2 charges, $86,042; surplus, $7,148.
Q-F
Preferred 5 % non-cumulatlve
Operates 16.13 miles of track from Atlantic City to Pleasant5 Q-J
2,400,000 Jan20'l 1,1
vllle,
Somers Point and Absecon. Standard gauge 80-lb T ra il__V 87
$2,400,000 (par $100).........
*
Ref & Imp mtge $20,000,000 1909
_ 1 1949 p. 872, 1237, 1299, 1532; V. 88, p. 881; V. 90, p. 1424.
5 g J-J
1,237,000 Jan
gold ($1,000)...................c Jlnt. at Amer. Trust Co., Boston, Trustee
First cons mtge $11,000,0001 1902 5 g J-J
5,970,000 Jan 1 1932
gold sink fund ($ 1,00 0)..c*J Interest at Old Colony Trust Co., Boston, Tr.
AUGUSTA, GA.
Atlanta Street Railroad flrstl 1890 6 g J-J
225,000 July 1 1920
AUGUSTA-AIKEN R AILW A Y & ELECTRICrCORPORATION., i
mortgage gold (par $1,000)) Interest payable In New York at 4th Nat. Bk.
J
Central Trust Co., N. Y ., Trustee.
ORGANIZATION.— Incorporated In Maine In 1910 and In 1911 effected
Atl Cons St Ry 1st cons M $2,-1 1899 5 g J-J
2,100,000 Jan 11939 the consolidation of the following companies:
500,000
g ($1,000 each) sub f Interest payable In N. Y. at N. Y. Trust Co.
Augusta-Aiken Ry. & Elec. Co.
I Augusta Ry. & Elec. Co.
to call aft 5 yrs at 107 J$.c’ Jand at Mcrc.Tr.A Dep. Co., of Balt., Trustee. Augusta & Aiken Ry. Co.
North Augusta Devel. Co.
Georgia Elec Lt Co 1st M $2,-1 1900 5 g J-J
1,350,000 July 11930 Augusta & Columbia Ry. Co.
| North Augusta Elec. & Impt. Co
000,000 gold. Subject tojlnterest at Old Colony Trust Co.. Boston,
Owns and operates entire railway systems of Augusta, Ga., and North
call In 1905 at 105________ J Trustee.
Augusta, S. C., and a line from Augusta to Aiken, S. C. Also furnishes
Atlanta Gas-Light Co. 1st M ,f 1897
5 g J-D
1.150,000 June 1 19471 entire electric light and power service in Augusta and Its suburbs and owns
$1,150,000, gold ($l,000)c*f Interest at New York Trust Co.. Trustee, or valuable real estate In central part of Augusta.
l Bank of Scotland. London, England.
STOCK AND BONDS— Date.
Interest. Outstanding.
Maturity.
Stock and Bonds.— Of the $8,514,600 com. stock reported outstanding, Common $2,250,000 ($100)-..............................
$2,250,000
$495,200 Is held In treasury. Of the $11,000,000 Georgia Ry. & Elec.bonds, Pref. 51,500,000 6% cum after
(closed mtge.) of 1902, $4,000,000 are reserved to retire underlying Hens.
1,500,000 . .
1911 ($100)______________ _________________
Are subject to call on any Interest date at 110 and accrued Interest. First mtge $7,500,000 goldl 1910
5 g J-D
2,400,000 Dec 1 1935
A sinking fund became operative In 1907 which will retire $10,000 of bonds
($100,$500 & $l,000)c*&r*jlnt. at Central Trust Co., N. Y ., Trustee.
In each year from 1907 to 1911, Inclusive; $25,000 per annum from 1912 to Augusta Ry & Elec 1st M g\ 1900
5 g J-D
967,000 June 1 1940
1916, Inclusive, and $50,000 per annum thereafter. See V. 74, p. 629, 727.
$1,000,000 ($1,000)___ c* jln t. at Mer Tr. & Dep. Co., Balt., Trustee.
A sinking fund of $0.60 per $1,000 bond on the Atlanta Gas Light Co. bonds
Bonds.— Of the 57,500,000 1st mtge. bonds, $967,000 are reserved to
Is operative. A sinking fund of $25,000 per annum Is also operative on the
Aug. Ry. & Elec, bonds and $4,133,000 are for additions, &c. Subj.
underlying bonds of the Atlanta Consolidated Street R y. Of the ref. & Impt. retire
call as a whole (or In part for sk. fd.) at)105 and lnt. on any Int. day on
mtge. bonds, $13,000 are In the treasury, $11,230,000 are reserved to to
days’ notice. Sink. fd. beginning In 11915 provides for payment of
retire prior liens (Including the $400,000 Atlanta & Northern bonds) and 30
$25,000 per ann. 1st 5 years. Increasing to $40,000, $50,000 and $65,000 for
$7,520,000 for extensions and Improvements up to 75% of actual cost. each
successtve’ perlod of 5 yrs. until maturity of bonds. Aug. Ry. & Elec,
Bonds are subject to call on 50 days’ notice at 105 and Int.; a sink fund of
can be called In 10, 20 or 30 years from date at 105 and lnt. on
1% of bonds out began In 1910. See V. 88, p. 158, 505, 1196; V. 89 ,p . 410. bonds
6
mos.’
notice; sk. fd. Is
of 1% beginning June 1 1905 for 15 yrs., 1% for
Dividends. o% per annum Is being paid on preferred stock. On com.,
dlvs. have been: Aug. 1905, 2% ; Feb. 1906, 2% ; May 1906, 1 y2 % (V. 82, next 10 yrs. and 2% for remaining 10 yrs.
EARNINGS.— For consolidated properties for 12 mos. ending Dec. 31
p. 1040); Aug. 20. 1 K %• In 1907, Feb. 20. 1 J* %; May 20, l j* % and
stock dlv. of 33 1-3% (V. 84, p. 803): Aug. 20. 1M % : Nov. 20. U (% ; In 1910, gross, $614,032: net, after taxes, $278,283; lilt, and sink, fund,
1908,6%; ’ 09.6% ; In '10, F e b .,lH % ; May, 1J*%; Aug., 1K % ; N ov,2% . $175,000; surplus, $103,283.
REPORT.— Passengers carried 1910, 55,521,457.
ROAD.— Owns and operates over 53 miles of track, of which 29 miles
arc city lines "and 24 miles Interurban between Augusta and Aiken. 60
Cal.
Gross
Net
Fixed Pref.(5%)
Common
Balance,
to 70-lb. T rails.
Year— Earnings. Earnings. Charges.
Dlv.
Dividend.
Surplus.
1910. ..$4,040,886 $2,132,442 $847,604 $120,000 (6 Jd)$553,440*8657,242
OFFICERS.— Pres..'D avid W. Armstrong Jr.; V .-P., J. II. Pardee:
1 9 0 9 ... 3,673,007 1,902,865 845,242 120,000
(6)510,876 "464,801 See.
and Treas., D. II. Thomas; Mgrs., J. G. White & Co.
"After allowing for $45,854 In 1910 and $38,055 In 1909 dlvs. reev. on
treas. and mlsc. stocks and lnt. on deposits.
ROAD.— Operates 176.938 miles of track.
AUSTIN, TEX.
OFFICERS.—Chairman of Board. H. M. Atkinson; Pres., Preston S
AUSTIN STREET RY.— A trolley road.
Arkwright; V.-P. and See., G. W. Brine; V.-P., VV. II. Glenn: Treas., I S '.
Mitchell Jr.— V. 88, p. 158, 505, 560, 1061, 1127, 1196; V. 89, p. 410
• ORGANIZATION.— Incorporated In Texas on Jan. 3 1911 as successor
V. 90, p. 236, 502; V. 91. p. 1160, 1385; V. 92, p. 59, 395, 460.
to the Austin Electric Ry.
•
•
(1) Atlanta Northern Railway Co.—A trolley road.
STOCK'ANDfBONDS—
Dale.
Interest. Outstanding. Maturity.
$500,000
ORGANIZATION.— Entire stock Is owned by the Georgia Railway & Common $1,000,000 ($100)............ ..........................
Pref $500,000 ($100) 6% n -c .. ___
_________ ■
250,000
”
Electric Co., which guarantees the bonds.
First & ref mtge $1,500,0001 1911
5 g J-J •
250,000 Jan i 1936
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
gold ($1,000)--------------- c*)Int. at Equitable Trust Co., N. Y ., trustee.
$100,000 ................... Austin Elec Ry 1st M $350,-\ 1903
Stock, $100,000........................................................
5 g A-O
350,000 Apr 1 1933
First mortgage $400,000 guar) 1904
5 g J-J
400,000 July 1 1954
• 000 gold ($1,000)------------ Jlnt. at Equitable Trust Co., N. Y ., trustee.
f$500 and $1,000) gold-.c"/In terest at Old Colony Tr. Co., Boston, Trus.
Bonds.—
$350,000
1st
&
ref.
bonds
are
reserved
to
retire
Austin Elec. Ry.
Bonds.— Arc guar., p. &1., by end., by the Ga. Ry. & Elec. Co. Are sub 5s and $900,000 bonds are for additions, &c. They are subject
to call on
ject to call on any lnt. date at 110 and lnt. A sink, fund of $5,000 per ann. any
lnt.
date
at
102)^.
V.
92,
p.
185.
Austin
Electric
Ry. bonds are
began In 1910. See V. 79, p. 680.
callable at 105 and Int. • •
EARNINGS.— For cal. year 1910, gross, $129,363; net, $29,365; charges
ROAD.— Operates 17 miles of track.
and taxes, $26,736; surplus, $2,629. In 1909, gross, $116,447; net, $24,
OFFICERS.— Pres., W. II. Folts; V.-P. and Mgr., W . J. Jones; Sec.;
481; charges and taxes, $26,047; dellclt, $1,566.
ROAD.— Operates 15 miles of track from Atlanta to Marietta, mostly on A. L. Kelloch; Treas., E. P.JWUmot— V. 92, p. 185.
private right of way. Commenced operation July 17 1905.— V. 79, p. 680.
BAKERSFIELD, OAL.
ATLANTIC CITY, N, J.
ATLANTIC CITY & SHORE CO.
i^ ° P 9 A N![ZA TI0N -— Incorporated In 1909 In Delaware. Owns 2,995 of
the 3,000 shares of the Atlantic & Suburban Ry. Co. stock and a majority
of the stocks of the Central Passenger Ry. Co. ($40,000 bonds) and Atlantic
City « Shore HR. Co. Also owns all of the $591,100 outstanding 1st mtge.
bonds of Atlantic & Suburban Ry.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,000,000...............................
.............
$871,000
Mortgage, $591,100...........................
4%
591,100
1940
Bonds.— Arc secured by $591,100 Atl. & Sub. 1st mtge. bonds and 2,995
out of 3,000 shares of stock of that company.
(1)
Atlantic Cltv & Shore RR.— An electric road.
ORGANIZATION.— Incorporated In New Jersey Oct. 21 1905 with a
perpetual charter. Leases Atlantic City & Ocean City R R .— see terms
below— and owns $218,500 of the common stock of the Atlantic City &
Ocean City Company, which holds all the stock and bonds of the Atlantic
City & Ocean City RR. V. 85, p. 158. Cent. Pass. Ry. Is operated under
traffic agreement.
Contract with West Jersey
Sea Shore RR.— A traffic agreement has
been entered Into with the West Jersey & Sea Shore R R . by which the
Atlantic Ave. line of the latter road, running from Atlantic City to Longport, 8 M miles. Is operated by this company. The West Jersey & Sea Shore
RR. has an option to purchase from May 1 1913 to May 1 1918 a majority of
the Atlantic City & Shore RR. stock. V. 85, p. 158.
STOCK AND BONDS— Date.
Interest. Outstanding.
Maturity.
Stock $1,000,000 ($100)___________
_______
$1,000,000
1st mtge & coll trust decdl 1005
5 g J-D
850,000 Dec 1 1945
$1,000,000 ($1,000) g — c * /ln t .a t Girard Trust Co., Phlla., trustee.
Bonds.— No sinking fund, but can be called at any time at 110 and Int
R O A D — Operates 47.45 miles of track In and around Atlant'c Cltv, In
cluding a road through Plcasantvllle, Llnwood and Somers Point, to Qcean
City, the two latter points being connected by 2 miles of trestle and bridge
owned by the Atlantic City & Ocean City RR.
EARNINGS.— For calendar year 1910, gross, $575,809; oper. exp. and
Ohargcs, $535,779; surplus. $40,030.
OFFICERS.— Pres., Wm. A. Stern; V .-P., Charles Evans: Sec., J. M.
Campbell; Treas., Milton J. Greenebaum; Gen. Supt., J. N. Akarman.—
V. 85, p. 158; V. 86, p. 1099; V. 88, p. 685; V. 90, p. 1424.
(a)
Atlantic Cltv & Ocean City Comoany.
The Atlantic City & Ocean City Company was organized In Delaware
and owns the entire ($180,000) stock and all the ($180,000) bonds of the
Atlantic City & Ocean City R R .. and has pledged them as security for the
collateral trust bonds below. Of the common stock of the Atlantic City &
Ocean City Company, $218,500 Is owned bv the Atl. City & Shore R R . The
latter leases the Atl. City & Ocean City R R . for 999 years, the rental be
ing $19,000 per annum, and an additional contingent sum equal to 33 1-3%
of the net surplus, but not to exceed $25,000 per annum.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common $350,000.................................................
$220,000 ____
Prof 6% non-cum $250,000...................................
175,000 ____
Collateral trust gold $500,-1 1907
5 M-S
350,000 Mch 1 1947
000 redeemable 110 & Int-./G irard Trust Co., Philadelphia, trustee.
Stock.— The pref. stock Is redeemable at par.
ROAD.— The Atlantlo City <S> Ocean City RR. owns 2.02 miles of road
from Somers Point, across Great Egg Harbor Bay, on bridge and trestles,
to Ocean City. Ralls. 85 lbs. V. 85. p. 158; V. 87, p. 165.
SAN JOAQUIN LIGHT & POWER CORPORATION.
ORGANIZATION.— Incorporated In California In July 1910 as a consoli
dation of the San Joaquin Light & Power Co., the Power Transit & Light
Co. (Bakersfield) and the Merced Falls Gas & Electric Co. Franchises In
cities arc perpetual; outside of cities, with two exceptions, extend beyond
1950. About one-half the total length of transmission lines will be on private
right of way. Operations extend Into the seven principal counties of the
San Joaquin Valley, a territory 195 miles long and 78 miles wide. •
■
• STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common $15,000,000_________________ ________ $10,000,000
Preferred $10,000,000____________
_______
5,500,000
1,500,000 Aug I 1950
1st & ref mtge $25,000,000 gl 191# 5-6 F-A
($1,000) sinking fund.c&r’ /Trust Co. of Amer, N. Y., trus.; Int. In N Y.
San Joaquin L & I* Co 1st Ml 1905 5 J-D
2,819,000 June 1 1945
$3,000,000 s f ($1,000) ..c * j Redeemable at 110 and Interest.
San Joaquin Power Co......................
5%
136.000
1942 • •
6%
13,000 1911-1920
Selma Light & Water C o........ ..........
Power Trans & Lt M $2,500,-\ 1903 5 g J-D
778,000 June 1 1933
000 gold ($1,000)-----------/Mercantile Trust Co., San Francisco, trustee.
Bakerslleld & Kern Elec Ry) 1903 5 g J-J
125,000 July 1 1931
$250,000 gold ($1,000)— cfUnlon Trust Co., San Francisco, trustee.
Bakerslleld Gas & Elec Lt m t g -----6 F-A 15
40,000 Periodically
MIsc Indebtedness of Pow T r& L ___
_______
83,000 _________ _
Bonds.— Of the 1st & ref. mtge. of 1910, Series A, ($1,500,000, all out) •
bear 6% lnt.; Scries B, $3,994,000 (reserved to retire underlying liens) bear
Int. at 5% ; remaining $19,506,000 can be issued at not exceeding 6% Int.
for additions. Improv’ ts, &c., at 85% of cost under certain restrictions.
Subject to call at 102 H on any int. date. Bonds have sinking fund of
8100,000 annually from Aug. 1 1915toAug. 1 1924, incl.; thereafter ranging
from 2 H% annually of bonds out from Aug. 1925-30 incl., to 4 H% annually
from Aug. 1945-49 Incl. V. 91, p. 1332. Power Transm. & Light bonds
and Bakersfield Issues arc all to be retired before 1912.
■ •
EARNINGS.— For 7 mos. to July 31 1910 (combined properties), gross;
$536,752; net, after taxes, $334,970. For calendar year 1909, gross,
$753,466; net, after taxes, $489,563.
PROPERTY.— Operates street railway In Bakerslleld. Will operate 6
generating plants with 31,700 h.-p. capacity. Operates 280 miles of trans
mission line and will add about 322 miles more. Does gas business In
Bakerslleld, Kern, Merced and Selma.
OFFICERS.— Pres., Wm. G. Kerckhoff, Eos Angeles.— V. 91, p. 965.
_________
1332.
BALLSTON SPA, N. Y.
EASTERN NEW YORK RR.— A trolley road.
Int. on bonds due July 1908 being defaulted, road was placed in receivers’
hands (V. 86, p. 1589), but on Nov. 15 1910 receiver was discharged. Re
organization will probably take place In spring or summer of 1911.
ORGANIZATION.— Incorporated In New York on Dec. 12 1904 and Is
successor to Bnllston Term. R R ., sold under foreclosure on Dec. 29 1904.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Stock. $1,750,000 ($100)__________
_______
$300,000
1st mtge, $1,750,000 ($5001 1905
5 g J-J
300,000 Jan 1 1935
and $1,000), gold...........c*f Metropolitan Trust Co. N. Y ., Trustee.
Bonds— Are not subject to call. No sinking fund. V. 80, p. 1728.
EARNINGS.— For year ending Dec. 31 1910, gross, $34,969: net, after
taxes, $4,370; In 1909, gross, $30 68; net, after taxes, .$5,663. .
ROAD.— Is both a freight and a passenger road. Owns extensive
terminals at Ballston Spa. Has 15 miles of track, with a line from Ballston
to Middle Grove.
OFFICERS.— Pres., T. F. Barrett; Gen. Mgr., F. H. Beach, Ballston
Spa.— V. 86, p. 1589.
BALTIMORE, MD.
1909.
1908.
$7,209,984 $6,834,802
Operating expenses___
3,361,872
3,293,338
Net earnings____ _____ $3,848,112 $3,541,464
Fixed charges and taxes 2,734,188
2,637,182
$1,113,924
$904,282
Other Income_________
2,490
3.240
0 1 111*. 1 1 1
1007.
$7,018,081
3.470.087
$3,547,994
2,487,942
$1,060,052
6,505
1006.
$6,583,102
3,220,942
$3,362,160
2,365,586
$996,574
4,725
Street Railways of Baltimore pay a Park Tax of 9% of gross earnings •Extraordinary expend, a l ,013,413
within City Limits, except on turnpikes and private rights of way, and are
Balance.......................
$1037001
593,771
$37,658
$21,299
required to pave between tracks and two feet on each side.
• In 1906 the “ extraordinary expenditures” amounted to $1,436,693,
of which $980,000 were charged against Income. In 1907, 1908 and 1909
UNITED RAILWAYS & ELECTRIC CO. OF BALTIMORE.— Trolley
“ extraordinary” expenses were charged In their entirety directly to Income
ORGANIZATION.— Incorporated at Annapolis March 4 1899. Com
the balance of such expenses left over from 1906, viz. $456 693,
prises all the passenger railways In Baltimore City and Baltimore County In 1909,
also charged against Income.
and lines extend Into Anne Arundel County and Howard County. Through was
a
Includes
$456,693 brought over from 1906.
the present and previous consolidations, embraces the following:
OFFICERS.— Pres., William A. House: Vlce-Pres , Frank A. Furst;
Baltimore Catonsvllle ft Elllcotts Central Railway Company.
William Early; Acting Treas., J. T. Staub; Aud., N. E. Stubbs;
Mills Passenger RR.
Gwynn’s Falls Railway of Baltimore Sec.,
Gen. Mg., Thomas A. Cross.— V. 88, p. 1003, 1123; V. 89, p. 44, 1543,
Baltimore City Passenger Ry. Co.
1598: V. 90, p. 1045, 1359; V. 91, p. 39, 1386, 1631, 1770; V. 92, p. 463.
Baltimore Consolidated Ry. Co.
Maryland Traction.
Baltimore & Curtis Bay Ry.
(1) Baltimore Sparrows Point & Chesapeake Ry.
Pimlico & Pikesvllle R R .
Balt. Gardensvllle & Belalr Elec. Ry. Shore Line Electric Ry.
ORGANIZATION.— In Jan. 1903 was leased for 999 years to the Un.
Baltimore & Northern Elec. Ry. Co. Walbrook Gwynn-Oak & Powhatan. Rys. & Electric Co. of Baltimore, which guarantees the bonds below, both
Also owns all the stock, and holds a lease, of the Baltimore Sparrows as to principal and Interest, and also owns all of the stock. Sec V. 79, p.
Point & Chesapeake Ry. Co. The company likewise controls bv ownership 2643. Has 35 miles of single track, Including a line 22 miles long connecting
of stock the York Road Turnpike, the Charles Street Ave. Turnpike the Baltimore with the Maryland Steel Works at Sparrow’s Point, and extend
Harford Turnpike and the Balt. & Jerusalem Turnpike.
ing beyond along the shore of Chesapeake Bay, where summer resorts have
Formerly owned the $2,000,000 common stock of the United Electric been established.
Light & Power Co of Baltimore, comprising the elcctrlc-llghtlng plants of
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Baltimore, but In Jan. 1903 sold the same, together with Its holdings of the
.............
$400,000 ...................
stock and bonds of the Mt. Washington Electric Co. (V. 75, p. 1158 and Stock. $2,000 000............................ ..
1st
mtge.,
$2,000,000,
goldl
1903
4
X
g
F-A
2,000.000
Feb
1 1953
V. 76, p. 160) and the same Is now controlled by the Consolidated Gas,
($1 000). guar principal)Fidelity Trust Co., Baltimore, Trustee.
Electric Light ft Power Co. of Baltimore.
and Interest.....................e*J Interest at A lex. Brown & Sons, Baltimore.
Funding of Coupons on Income Bonds. —In July 1906 unpaid coupons on
Income bonds from June 1904 to June 1906 were funded under a funding
REPORT.— Operations Included In United Rys. & Elec. V. 80, p. 221.
agreement. Income coupons up to and Including Dec. 1910 were also so
(2) Baltimore Halethorpc & Elkridge Ry.
exchanged at maturity. See plan In V. 83, p. 156. $13,709,000 of the
ORGANIZATION.— Incorporated on Dec. 26 1905 In Maryland. Stock,
$13,946,000 were deposited under the plan. See V. 83, p. 753, 1038; V. 84,
$100,000; outstanding, $10,000. Has made a $300,000 mtge to Fidelity
p. 1368; V. 89. p. 1543.
Allied Company.— In Aug. 1906 the Maryland Elec. R y., which had agreed Trust Co. of Baltimore, trustee. 20-year 5% bonds, prin.and Int., payable
to provide funds for needed Improvements and acquisitions of the United at Alexander Brown ft Sons, Balt.: not guar, by United Rys. ft Elec. Co.
Ry. ft Elec. Co., was consolidated with the Balt. & Annapolis Short Line, None out. Owns 2.964 miles of road, which Is operated by United Rys.
ft Elec. Co.— V. 87, p. 543.
thus forming the Maryland Elec. Rys. See statement of that co. below.
Power Contract.— Having canceled the contract for supply of power made
with McCall Ferry Power Co., made In June 1907 (V. 85, p. 163), In Feb.
THE A1ARYLAND ELECTRIC RAILWAYS CO.
1911 entered Into a 15-year contract with Pennsylvania Water & Power
ORGANIZATION.— In 1906 the charter of the Maryland Elec. Ry. wa8
Co. for supplying 12,000 h. p. V. 92, p. 467,
by Interests friendly to the United Rys. ft Elec, for the purposeVoting 7 rust.— In March 1905 a large majority of the stock was deposited acquired
among
of using that company to finance the needs of the United Rys.
with the Safe Deposit & Trust Co. of Baltimore, to be held In a voting trust & Elec.others,
Co., for additional property, and charter amended by Legislature In
for 3 years from Feb. 25 1905. V. 80, p. 998, 1236. In Feb. 1908 Alex. 1906 to adapt
It
to that purpose. In Aug. 1906 was consol, with the Balti
Brown, H. Crawford Black, F. A. Furst and Geo. C. Jenkins were requested
ft Annapolis Short Line, which latter lino has since been electrified.
by holders to act as trustees under a new agreement, which Is to continue moreMaryland
Electric Railways then acquired car barn sites, terminals,
In force until May 1 1911. Under the agreement the stock deposited can The
not be sold without the consent of 75% of the holders thereof, and then only Ac., and Is erecting buildings, constructing extensions, purchasing equip
upon terms that will secure the same return for all the stock held by trustees. ment, Ac , which Is leased to the United Ry. ft Electric Co. for an annual
£
Z® uPon. t,£5 actual cost of the property. At matuilty of the
See V. 86. p. 422 549.
000,000 bonds of The Maryland Elec. Rys., the United obligates Itself
Favorable Tax Decision.— On June 29 1909 the Court of Appeals of Mary $8 ,purchase
the property so leased at a sum sufficient to ictlre the bonds,
land held that the park tax of 9% on gross earnings of lines within old city to
see plan In full In V. 83, p. 156. There Is no guaranty endorsed on bonds,
limits was Intended to be In lieu of all other taxes, and that no further tax but
tne
terms
are such that rental will be more than sufficient to pay Interest.
on the Intangible property can be levied without express legislative author Stock listed on
Baltimore Stock Exchange In Feb. 1008
ity. The easements In 14 miles of turnpikes In annexed districts are held
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturityto be taxable. V. 89, p. 44.
_
*i 200 000 July'08 1%
STOCK AND BONDS.
Date.
Interest. Outstanding. Dlv.or Mat’ V Stock, $1,200,000 ($50)_______
1st
M.
$8,000,000,
g
($1,000)
,1
1906
5
g
A0
~
^OOOioOO
Oct
1 1931
Common, $24,000,000 ($50).....................- .........
$15,000,000
-,sink I d
-------..c+iMercantile Tr ft Dep. Co., Balt., Trustee.
Preferred, cum., $14,000,000,1 ___
4
54,000(Dec. 1903, 2 Baltimore
ft Annapolis lstf 1906
5 g F-A
I 000,000 Aug 1 1946
par, $50...............................J
(less H %■
mtge. $1,000,000 ...............{Fidelity Trust Co., Baltimore, Trustee.
Inc mtge. g, $14,000,000,1 1899
4 g J-D 13,946,000
1949
I Interest at Alex. Brown ft Sons, Baltimore
cum., tax free, Maryland [Payable at option of Co., after March1 1949.
Bonds.— A sinking fund of 1 X % on Md. Elec. tty. 1st mtge. bonds out
Trust Co c*($l ,000)___ JInt. at Alex. Brown & Sons, Baltimore.
began
Mar.
30
1910.
Bonds
are
redeemable at 110 and Int. on any Int.date
1st con mtge g. $38,000,0001 1899
4 g M-S 26,450,000 Mch 1 1949 upon 90 days’ notice. Int. payable
at office of Alex. Brown & Sons. See
($1 000)-Continental Trust I Interest at Alex. Brown & Sons,BaltlV. 83, p. 818, 970.
Co. Baltimore, Trustee.c*J more.
Dividends.—
First
dividend
(1
X
%
)
was paid In Jan. 1907 and 2% was
Income fdg bonds ($100, $5001 1906
5 g J-D
3,640,000 June 1 1936
paid July 1 1907. In 1908, Jan., 1%; July, 1%; none since.
and $1,000), $3 ,920 ,000 . .c/Maryland Trust Co., Trustee.
Car trusts. Scries " A .” $350.-1
1904 5 g A-O
140,000
See text.
ROAD.— Operates 25.3 miles of track from Cllflordsto Annapolis, which
000 , gold ($ 1,00 0).......... jln t . at Fidelity Trust Co., Balt., Trustee. has been converted to electricity. An extension known as the St. Paul
Car trusts, Series ” B .’ ’ $850,-1
1905 5 g A-O
425,000
See text. Street Boulevard line was completed In 1007; It Is leased to the United Rys.
000 ($1.000)____________ c/Int. at Safe Dep. & Tr. Co., Balt., Trustee. A Elec. Co.
Car trusts, Series "C ," $390,-1
1906 5 g A-O
231,000
See text'
OFFICERS.— Pres., John Wilson Brown; Vlce-Pres. and Gen. Mgr.!
000 ...................................... Jlnt. at Safe Dep. ft Tr Co., Balt., Trustee. James F. Heyward: Sec., Austin McLanahan; Treas., Geo. May.— V. 85,
p. 1577; V. 86, p. 337, 1159; V. 88, p. 686.
UNDERLYING SECURITIES.
Batlmore Traction— 1st ($1,-f 1889
5 M-N
1,500,000 Nov 1 1929
000) mtge. Trustee Mcrcan-( Interest at National Mechanics’ Bank, BaltlBANGOR, ME.
tlle Tr. ft Deposit Co___ cl more.
5 g J-D
1,750,000 June 1 1942
N. B. Dlv. 1st ($1,000) 5s,/ 1892
BANGOR RAILWAY & ELECTRIC CO.
g.
Trus.,Mer Tr.&Dep.Co.c\Int. at National Mechanics’ Bank Balt. ORGANIZATION.— Incorporated In Maine on Feb. 16 1905 and Is a
CUV A Suburban Ry. Bonds— r 1892
5 g J-D
3,000,000 June 1 1922
of the Bangor Hampden ft Wlnterport R y., the Public Works
1st mtge, g ($1,000)______(In t. at Alex. Brown & Sons, Baltimore. consolidation
the Co.,
Bangor
Orono
ft Old Town Ry. and the Old Town Electric Co.
I
Safe Deposit &Co.,
Trust
Balt.,
Trustee.
On
Feb.
1
1906
absorbed
the Bangor ft Northern R R ., which was a re
Balt.Catonsv .AElllcott's Millsl 1896
5 J-J
500.000 July 1 1916
of the Penobscot Central tty. V. 82, p. 333. In Deo.1909
1st mtge, $500,000, prln g .( Safe Dep. & Tr. Co., Balt., Trustee. Int. organization
acquired
all
the
stock
of
Veazle
Lumber Co., which owns the dam from which
I
at National Mechanics’ Bank,
Baltimore.
Ry. &
Elec. Co. secures Its power. Does entire electric lighting
Lake Roland Elevated—Istf 1802
5 g M-S
1,000,000 Sept 1 1942 the Bangor
a power business In Bangor, Old Town. Brewer, Milford, Orono, Veazle
consol
mortgage,
gold! Interest at Alex. Brown & Sons, Baltimore. and
Hampden, with the exception of lighting In Bangor, which Is furnished
($1,000) ...................c*&r (Baltimore Trust & Guaranty Co., Trustee. and
from a municipal plant. Also furnishes water supply to Brewer, Veazle and
Baltimore City Passenger— lstf 1891
5 g M-N
2,000,000 Nov 2 1911 Oldtown. Franchise for about 12 miles of track In Bangor expires In 1912;
mtge, $1,000, gold........ c*( Interest at Nat. Mechanics’ Bank, Balt
others are unlimited to time.
(Safe Deposit & Trust Co. of Balt., Trustee.
Through ownership of three-quarters of the bonds andjall but one share of
Baltimore City Passenger— 1 1897 4X g M-N
500,000 Nov 2 1911 stock. It controls the Bar Harbor & Union River Power Co., which had
Certs of lndebt, $500,000,/Interest at National Mechanics’ Bank, Baltl- absorbed the Bar Harbor Electric Light Co., Ellsworth Water Co. and
g ($500 and $1,000)...........J more.
HUsworth Electric Illuminating Co V.- 87, p. 1009
6 J-J
5,000 July 1 1912
Cenfral Ry.— 1st mtge, $250 -f 1882
STOCK AND BONDS—
Date.
Interest Outstanding.
Maturity000, sink fund, currency.-1 Sub. to call at 100 In certain am’ts yearly. Stock. $1,500,000 ($100)........ .........
6 Q-J
$1,500,000 Jan ’ l l , I X
(Trustee, Safe Dep. ft Trust Co., Baltimore, 1st con mtge. g, $2,000,000
..... 1905
5 g J-J
1,910.000 July 1 1935
lint, at Nat. Mech. Bk . Balt.
($500, $1.000).................c* Guaranty Trust Co.. New York. Trustee.
Consol mtge, $700,000, g,f 1892
5 g M-N
692,000 May 1 1032 Public Works Co, 1st, gold, 1899
5 g A-O
600,000 April 1 1029
($1,000)...........................i Interest at National Mechanics’ Bank, Balt
$600,000 ($500, $1,000) C* Interest at Old Colony Tr. Co.. Boston, Trus.
(Mercantile Tr. ft Dep. Co of Balt., Trustee
Bar Harbor & Un. Rlv. Pow 1907
5 M-S
169,000 Sept 11935
Ext and Imp 1st mtge,f 1897
5 g M-S
600,000 Mch 1 1932
*■ America,
*---------Co. 1st & ref. $2,000 ,000 ..JTrusr
. . /Trust Co. of North
Phlla., trustee.
$600,000, g ($1,000)___ ( Balt. Trust ft Guar. Co., Balt., Trustee
Bar Harbor E L Co $ 1 0 0 ,0 0 0 ..-----4X %
100,000 May 1 1921
(Interest at Nat. Mechanics’ Bank. Balt
Bonds.— Of the $2 ,000,000 bonds of Bangor Ry. ft Electric, $ 4,000 can
Bonds.— Of the $38,000,000 of 1st consolidated bonds, $26,450,000 have be used for extensions and betterments at 85% of cost. Are subject to
been Issued and $11,550,000 have been set aside for the retirement of call on 12 weeks’ notice at 107 X and Interest. Interest Is payable In New
underlying securities. Inc. fdg. bonds, are redeemable on any Int. date York and Bangor. See particulars, bonds, property, &c., V . 87, p. 1009.
at par and accrued Int. The Series “ A " car trusts outstanding were origi The Public Works Co. bonds arc not subject to call. V. 80, p. 2456. Of
nally $245,000; they mature $35,000 per annum on Oct. 1 from 1908 to the Bar Harbor & Union River Power Co. mtge. $100,000 are reserved to
1914, both Inclusive. The Series “ B” car trust bonds In above table were retire Bar Harbor Elec. Light Co. bonds. They are subj. to call at 107 X
originally $680,000; they are a first mortgage on 200 cars, and mature and int. on any Int. day on 60 days’ notice.
$85,000 per annum from Oct. 1 1908 to 1915. They are redeemable on
Dividends.— 5% per annum was paid on the stock from Oct. 1 1905 to
any Int. date at 102 X and int. V. 81, p. 32. The series " 0 ” car trusts Oct. 1909, when 1 X % (quar.) was paid; same rate since to Oct. 1910. In
were originally $300,000 and mature $39,000 annually for 10 years, and are 1911, Jan., 1 X % •mbject to call at 102 X . They are a first mortgage on 90 cars.
EARNINGS.—Combined earnings of Bangor Ry. ft Elec. Co. and Bar
Stock.— The preferred stock reported above as outstanding Is all that
ft Union Rlv. Pow. Co. for years ending June 30.
remains of the original Issue of $14,000,000, the rest having been converted Harbor
Year—
’
Gross.
Net. Charges & Taxes. Surplus.
Into Income bonds.
$311,969
$157,270
$154,600
1909-10 ............................$555,937
DIVIDENDS.— Dividends of X of 1 % were paid In June 1809 and 2X % 1908-09 _______________ 522,329
273,906
140,766
124,230
In Dec. 1899, and 2 % each six months after that to and Including Dec. 1903,
ROAD.— Operates 62.82 miles of track In Bangor and Brewer,Me., and
on both the Income bonds and the pref. stock, the payment on the stock from Bangor to Hampden, to Orono, to Old Town and to Charleston.
(but not on the bonds) being subject to a deduction of X of 1 % for taxes
Ralls. 48 to 90-lb. girder and T standard gauge.
Payments due June and December 1904, June and December 1905 and
OFFICERS.— Pres., John R. Graham; V.-P. Frank Sllllman Jr.; Clerk
June 1906 omitted and In 1906 coupons for these dates were funded, as ft Treas., Howard Corning.— V. 84, p. 338; V. 87, p. 1009; V. 89, p. 777.
noted above, and subsequent coupons were In like manner funded as they
matured up to and Including Dec. 1910.
BARRE, VT.
ROAD.— Miles of track. 400.7C4; cars. 1,872; gauge, 5 ft. 4 X In. Ralls
70-lb.T and 9-ln.and 124X-lb.girder. Capacity of (4) generating stations
BARRE & MONTPELIER TRACTION & POWER C O .-A trolley road.
41,155 K. W ., capacity of (5) sub-stations, 26,500 K. w .
Sold.— In May 1907 the control of this company was sold to a syndicate
REPORT for the year ending Dec. 31 1909 In V. 90, p. 1359.
represented by Frank M. Corry, Pres, of the First Nat. Bank of Montpelier.
1909.
1908.
1907.
1906.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Car miles run................... 27,124,556 26,764.145 26,953,727 26,035,327 Stock, $150,000, par $25......................................
$120,000 _____ ____
Revenue passengers___ 145,601,990 138,400,994 142,114,995 133,785,601 1st M, gold, $100,000 ($5001 1897
5 g M-N
100,000 Nov 1 1917
Transfers....................... .. 57,030,556 54.587.949 55.165.581 53,413,492
each), not subject to call.c*l Int. at American Tr. Co., Boston, Trustee.
EARNINGS.— Fiscal year ending June 30 1909: Gross, $51,328; net,
$10,247; Interest and taxes, $7,704; surplus, $2,543.
ROAD.— Barre to Montpelier, Vt., 9 ^ miles, opened June 30 1898.
Power Is furnished by the Corry-Deavltt Frost Electric Co. (capital $225,
000) under a 10-year contract from March 1 1909.
OFFICERS.— Pres.. F. M. Corry. Montpelier; V .-P .. H. K. Bush,
Barre, Vt.; Sec. & Treas., E. H Deavltt, Montpelier; Gen. Mgr., I. M. Frost,
Montpelier.—V. 84, p. 1246.
BATON ROUGE, LA.
BATON ROUGE ELECTRIC CO.
ORGANIZATION, ETC.— Organized In Louisiana; does entire electric
railway, electric-lighting, power and gas business In Baton Rouge. Rail
way franchise expires 1940; gas 1942, electric-lighting and power 1988.
V. 88, p. 881.
STOCK AND BONDS—
Dale.
Interest. Outstanding. Maturity.
Common, $500,000 ($100).........................................
$300,000 ...................
Pref., $250,000 ($100) 6 % . - ...................................
200,000 ...................
1st mortgage. $750,000 gold! 1900
5 F-A
407,000 Feb. 1 1939
($500 and $1,000)...........c*Unterest at City Trust Co., Boston, trustee.
Stock.— DIv. on pref. Is cumulative after June 1912. Redeemable at 110.
Bonds— $18,000 bonds are In treasury of company; remaining bonds
may be Issued at not to exceed 80% of cost of additions and Improvements.
May be called. In whole or In part, at 105 and lnt. on any Int. day. Sinking
fund of 1% per annum of bonds out begins Feb. 1 1914.
EARNINGS.— For 12 mos. ending Dec. 31 1910 .gross, $110,174;"net,
$40,718; lnt. and taxes, $23,321; surplus, $17,397. In 1909, gross. $99,757;
net, $29,906; Int. and taxes, $19,269; surplus. $10,637.
ROAD.— Operates 3.9 miles of track In form of a single belt through
Baton Rouge; 13 cars: standard gauge.
OFFICERS.— Pres., Chas. F. Wallace; V .-P ., Edw. Godchaux; Sec.,
Alvah -K. Todd; Treas., Henry B. Sawyer; Gen. Mgrs., Stone & Webster:
Mgr., W . A. Buttrlck.— V. 84, p. 506; V. 88, p. 881; V. 89, p. 720.
BEATRICE, NEB.
BEATRICE ELECTRIC COMPANY.
ORGANIZATION.— Formerly operated the street railway In Beatrice,
7 miles, but this has since been given up and there Is no street railway In
operation any longer In Beatrice. The Beatrice Electric now does only an
electric-lighting business.
_____
BEAUMONT, TEX.
BEAUMONT TRACTION CO.
lieceivershtp.— The U. S. Circuit Court at Sherman, Tex., In 1909 ap
pointed Jas. F. Weed of Beaumont receiver, on application of Inter-State
Trust & Banking Co., In order to proteot bondholders, city having threat
ened a suit to forfeit company’s charter. V. 89, p. 347. The company
having recently (Feb. 1911) adjusted Its differences with City Council, rela
tive to franchises. It Is expected that receivership will soon be ended. In
Feb. 1911 $125,000 receiver’s certlfs. were Issued for Improvements, &c.
ORGANIZATION.— Stock out, $600,000; bonds, $500,000. All the
stook and $100,000 of the bonds were held by Southern Elcctrlo Securities
Co., which company was sold at foreclosure Oct. 19 1910.
ROAD.— Owns 12 miles of single track.
OFFICERS.— Pres., Lynn H. Dinkins; V.-P., Jonas II. Levy; Sec., I I . M.
Young; Treas., Max^Schwabacher, all of New Orleans.— V. 92, p. 393, 460.
BELLINGHAM, WASH.
WHATCOM COUNT Y RAILWAY & LIOHr CO.— A trolley road.
ORGANIZATION.— Incorporated In New Jersey on Nov. 26 1902. Con
trols the entire street railway, gas. electric-lighting and power business of
BelUnguam. Principal railway franchise expires In 1941; minor railway
franchise In 1934; electric-lighting and power franchise In 1940; gas franchise
In 1941. In Oct. 1905 acquired the Nooksack power plant of the Bellingnam Bay Improvement Co. and also the lighting: franchises of that company.
V. 81, p. 1316, 1404.
On May 16 1910 shareholders authorized an Increase In pref. stock from
$750,000 to $1,350,000, and also approved an Issue or guaranty of an Issue
of not exceeding. $5,000,000 new bonds; proceeds of new stock to bo used
to purchase stock of a new company (the Bellingham & Skagit R v Co..
Incorp. in Maine), which Is to build a railway from Bellingham to Mt Ver
non and Sedro-Woolley and new bonds to be Issued In connection therewith.
V. 90, p. 1615
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
$750,000 ...................
Common, $750,000 ($100)............................. ..
Pref $1,3 >0,000 6 % cum ------- . . . .
M-S
1,014,500 Sept ’ 10,3 %
First mortgage $2,500,000,1 1905 5 g M-N
1,518,000 Nov 1 1935
gold ($ 1 ,0 0 0 )................ ./I n t . at City Trust Co.. Boston. Trustee.
Notes payable Dec. 31 1910___
185 000
Stock.— Pref. stock Is redeemable at 110.
Bonds— Bonds subject to call as a whole on any Int. date at 105 and lnt.
sinking fund of 1 % per annum of bonds outstanding, If earned, commenced
Nov. 1 1906; on Nov. 1 1911 becomes obligatory.
Dividends.— 6 % is being paid on preferred stock.
«< J lA S ?IN(Zs -T 'For 12 mos- erul>ng Deo. 31 1910, gross, $411,160; net,
other income, $22,005; lnt., taxes & sink, fund, $109,446; dlvs.,
$49,071; surplus, $40,954.
ROAD.— Operates 23.2 miles of track: standard gauge; rails 40 to 60-lb.;
27 passenger and 23 other cars: 2 locomotives.
OFFICERS.— Pres., Frederick S. Pratt; V.-Ps., Edward Byrnes and
R. T. Laffln; Sec., Clement R. Ford; Treas., Henry B. Sawyer; Gen. Mgrs.
and Transfer Agents, Stone & Webster, Boston, Mass.— V. 82, p. 393, 1042;
V. 84, p. 1309; V. 85, p. 1111; V. 90, p. 1615.
BENTON HARBOR, MIOH.
BENTON HARBOR-ST. JOE RAILWAY & LIGHT CO.
ORGANIZATION.— Incorporated In Michigan In Jan. 1906 and Is a con
solidation of the Benton Harbor & St. Joseph Electric Ry. & Light Co.
and the St. Joseph River Traction Co.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common, $700,000 ($100).....................................
$700,000
Pref., $300,000 ($100)---------------6
F-A 300,000 ..
1st con M. $1,000,000, goidl 1906 5 g M-N
810,000 Nov 1 1935
($500 and $ 1 ,000 ) ---------- clln t. at Columbia Tr. Co., Louisville Trus
B II & S J El Ry & L 1st M.) 1900 5 g M-S
100,000 Sept 1 1020
$200 ,000 , gold ($1,000)— /ln t. at Am. Tr. & Sav. Bank, Chic., Trustee
Bonds.— Of the $1,000,000 new bonds, $190,000 arc reserved to retire
prior Hens. They are subject to call on any Interest day at 105. The bonds
of the old company after 1910 have a sinking fund of $10,000 per annum
but bonds cannot be called. See V. 71, p. 1268: V. 72, p. 282
*
’
EARNINGS.— Gross earnings for cat. year 1910 were $275,741.
ROAD.— Operates 16 M miles of track In St. Joseph and Benton Harbor
with extensions of 13 M miles to Eau Claire and 10 miles to Paw Paw Lake
making a total of 40 miles. 60, 70 and 73-lb. girder and T-rall. 25 pas
senger and 13 other cars.
OFFICERS.— Pres., C. K. Mlnary, Benton Harbor, Mich.; V .-P ., Will
iam Jarv s, Louisville, Ky.; Sec., L. W. Botts, Louisville; Gen. Mgr., II. C.
Mason, Benton Harbor.— V. 82. p. 333.
BIDDEFORD, ME.
BIDDEFORD & SACO RR.— A trolley road.
ORGANIZATION— Incorporated Feb. 19 1887.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock ($50), $100,000............... .......
A-O
$100,000 In’00-10,7 *
1st mort. $300,000 ($1,000)1 *000
4 g J-D
150,000 June 1 1940
gold c*. No s. f. but can be) Interest at Portland Trust Co. Portland. Me.,
called In 1020 .................--J trustee.
Dividends.— In 1902 2>*%: In 1903. 3% ; In 1904, 3 )4 % : In 1905. 4% ;
In 1006. 5% ; In 1907, 5% ; In 1008, 5% ; In 1009, 5%; In 1010, Apr., 2 14%
EARNINGS— For fiscal years ending June 30
/5/0
Year—
Gross.
Net.
Int., etc. Dividends. Surp.
1009-10 .....................$68,002
$18,600
$7,313
$7,500
$3,787
1908-09 ...................... 60,824
16,043
7,032
5,000
4,011
ROAD— Operates 8 miles of track between Saco, Blddeford and Old
Orchard Beach.
OFFICERS—President, C. H. Prescott, Blddeford; Secretary and Treas
urer, E. F. Lord.— V. 70, p. 1048; V. 73, p. 494.
„
.
BINGHAMTON, N. Y.
BINGHAMTON RAILW AY CO.— A trolley road.
dd
a consolidation Sept. 30 1901 of the Binghamton
„HJcJv£.rtn fed 4 Ufr’ 11 1802 as a consolidation of all street railways In
h v ^ s n e r l ; ! L e s t e r s h l r e & Union R R . Principal franchises granted
perpetual Acts ™ F,eglsIature« and are said to be practically exclusive and
Sto(£° $ f
DateInterest. Outstanding. Maturity.
R
£ i l i 50’0D
.0 ,- M.
; ; - : ............................
5078,549 Oct’10
Binghamton
R0S
R . ( ,L0
Co.
M., i
r
$900,000, g. $1,000___- -C*
c* |!
($5,000 due yearly
(See text) Interest at Met-1
Met
1893
5 g J-J
50,000
1918-1922
tropol. Trust Co., N. Y ., |
(10,000 due yearly Mar 1
Trustee.
,
„
Ji
579,000 due Mar 1 ’ 23
BI?*2 5 0 flom *
l8i
^895 5 K j - d
147,000 June 1. 1925
efnni°Anrt° nt
p 1 *1 Iat,erest
Metropolitan Trust, N. Y .
Rv
J , , Binghamton Trust Co.. Trustee.
B S2 '™ iin n S
m
, 1.901
5 g.M-N
1,000 000 Nov. 1 1931
$2 500,000 gold
($1.- ) Interest at Fidelity Trust Co., Buffalo, Trus, Bonds^— 6VthVbondsVf'lC893f$85)ooo^ature^lM tajim ente as Indicated
>a|he table, and the remainder Mch. 1 1923. $139.00001th“ eBinghamton
RR. os have been purchased by the President of the co. and are cxDected to
beexchanged fortheconsol. bonds. Of thenewbonds of the Bfnghamton Ry
^••enough are reserved to retire underlying bonds, and the rem inder for
acquisitions, extensions. &c., under careful restrictions. The bonds are
subject to cal after Nov. 1 1911 at 110 and Interest. See V. 73. p. 1312®
V. /o, p. 7Ui; V. oo, p, 748.
Dividends.— 2 % was paid Jan. 31 1902; 2% Mar. 3 1903; 2 % Apr. 11
J®04 a rd ,5.7s 4P r- 10 1905. A scrip dividend of 20% was paid Apr. 18
T99?An^Dc?808’ &‘ ay’ 2 }4 % . In 1907, Dec., 2 H % . In 1908. Dec., 2 )4 % .
In 1909, Sept., 2 )4 % . In 1910, Oct., 2 )4 % .
, BOAD-— 9T
Perates 46 m'les of track. Connects Binghamton with
Lestershlre, Hooper, Endlcott, Union and Port Dickinson. An extension
from Union to Owego Is being constructed. Standard gauge, 60-lb. to 94-lb
T and girder rail; 75 motor cars and 27 trail cars.
REPORT.— Figures for year ending June 30 1910: Gross, $348,786; net
$148,533; interest and taxes, $108,428; surplus, $40,105. In 1909: Gross,
$331,777; net, $138,259; Interest and taxes. $107,549; surplus, $30,710.
OFFICERS.— Pres. G. T. Rogers; V.-P. Geo. E. Greene; Secretary, John
B. Rogers; Treas. H. C. Hardle; Gen Man. and Pur. Agt., J. P. E. Clark;
Office, Binghamton, N Y — V 79, p. 1649; V 88, p 748; V. 90, p. 770;
V. 91, p. 275.
BIRMINGHAM, ALA.
BIRMINGHAM RY. LIGHT & POWER.
Controlled by the American Cities Ry. & Light Co., which owns 88.3%
01
£*•*% ot the preferred stock. V. 83, p. 36.
on June 13 1001 Of the Birmingham
Consohdated Electric Light Co. and the Birmingham Ry.
Light & Power Co. Comprises all the street railways, gas and electrlc-llght
and power plants of Greater Birmingham and Bessemer, with the excipHon of gas In Bessemer and a small electric plant In North Birmingham!
Franchises covering gas, electrlc-llght and power business and street railway
lines are, with some unimportant exceptions, stated to be perpetual. Owns
and operates a steam-heating plant In Birmingham.
Isidore Newman & Son, New Orleans, are Fiscal Agents.
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity.
Common ($100) $3,500,000...............
.................$3,500,000 Dec. '10, 2 )4
Preferred stock ($100) 6 % )
6 J-D
3,500,000 D ec.'10, 3%
$3,500,000 cumulative___ J ____
Birmingham Ry & El 1st M g) 1894
5 g J-J
946,000 Julv 2 1924
$1,250,000 ($1,000)----- c*/Interest at Central Trust Co., New York.
Gen M ref $10,000,000 gold! 1904
4)4 g A-O 8,720,000 April 1 1954
($1,000)....... ................... c*( Int. at Commerclal-Germanla Tr. &Sav.Bk.,
_ . ,
„ .
INew Orl., Trustee, or at N.Y.Trust Co.,N.Y.
Ref & exten M $25,000,000) 1907
6 g M-N
1,700,000 May 1 1957
($1,000)
gold
sinking /Interest at Old Colony Trust Co,. Boston,
.......... — c* J Trustee, and N. Y. agency of company
fund —
Bonds.— Of the new $25,000,000 bonds, $9,666,000 are reserved for prior
liens, $1,200,000 for cost of new power house If first lien on same, balance for
8 0 % of cost of additions If net earnings are 1 )4 times the lnt. on all bonds
outstanding, Including those to be issued, and provided 10% of gross earn
ings have been expended for maintenance within previous 12 months. The
directors may make the rate of Interest on succeeding Installments not to
exceed 6% . Bonds not subject to call. Sinking fund of )4 of 1 % of bonds
outstanding starts In 1918. For details of bonds, property, &c., see V.
P; 980*^*, ,
general mortgage of 1904, no more bonds can
be Issued. Sink, fund, of
of 1% of bonds outstanding, begins 1024. The
bonds arc subject to call at 105 and lnt. For the 1st 5s of 1894, $12,500
per annum Is payable Into a sinking Jund; $304,000 have been canceled.
Dividends.— First dlv. on pref. stock, of 3% . paid In Jan. 1902, and 3%
has been.paid s.-a. since toen. to and lncl. Dec. 1910; on com. stock In 1903
1 )4% In 1904, 3 }4% ; In 1905. 4% ; In 1906, 4 )4 % : In 1907 2 )4% ( D d .
Dec. 31 1908); 1908, none; 1909, Deb.. 2% ; in 1? 10 , June” 2 )4 # ; D ec.!
2 )4% •
REPORT.—For calendar years:
Net after
Interest and
Year.
Gross.
Tares.
Sink. Fund
Surplus
1910 ............................... $2,681,960 $1,120,862
$547,570
$573,292
1909 ............................... 2,286,369
878,625
535,310
343,315
1908
2,167,546
733,696
527,386
206,310
1907
2.220.999
609,520
479.506
220.014
ROAp i— Operates 133 miles of track In cities of Birmingham, Bessemer,
and In Jefferson County. Standard gauge. All but 26 miles 70 to 100-lb.
T and girder rails. Operates 257 cars.
OFFICERS.— Pres, and Gen. Mgr., A. H. Ford, Birmingham; V.-Ps.,
Jl*
s* New Oceans, and Lee C. Bradley, Birmingham; Sec.,
PTreas. and Aud., Theo. H. Rabc.— V. 84, p. 803. 1427; V. 85,
p. 98, 220, 598, 653; V. 86, p. 479; V. 87, p. 1603; V. 90, p. 53-’ V.91, p. 37.
AMERICAN CITIES RAILW AY & LIGHT CO.— A holding company.
^ O R G A N IZA T IO N .-Incorporated In New Jersey on June 16 1906.
Owns 84.1 of the pref. and 88.2 of the com. stocks of the Birmingham R y.
Light & Power Co., the Memphis St. R y., the Little Rock Ry. & Electric
Co., the Knoxville Ry. & Light Co. and the Houston Lighting & Power Co.
For terms of exchange, see V. 83, p. 35.
Outstanding Securities American Cities Railway & Light Co
STOCK AND B O N D S Date.
Interest. Outthndlw
Maturity.
Com, $15,000,000 ($ 1 0 0 )......................
J-J $10,761,165 Jan.’ l l ,2 U %
Pref, $12,500,000($100)6% cum----Q-J
6,906,178 J a n .’l l , 1 )4
Stock.— Preferred stock may be redeemed after three years at 107)4 and
accumulated dividends.
D i v i d e n d s . — First dlv. on pref. stock, 3% , was paid Jan. 1907; 1)4%
quar. since to and Including Jan. 1911. First dlv. on com., 1% , paid July
/ww .
v i v j , .J
cm ., X
? ? / o ,; uJuly,
u iy , 1
7p ..
1009.
In x1910,
Jan.,
1)4%
1 )*%
In 1911, Jan., 2% and 'A% ext.
Income Account. — F o r y e a r e n d in g Dec. 31 1910:
Dividend on stock ow ned..$878,446 General expenses & taxes.. $40,967
Other income_____________
14,739 Preferred dividends (6 % ).. 414,366
Common dividends (4 % )
430,444
Balance, surplus............ .. $7,408
Gross Income------- --------- $893,185
Combined Earnings of Controlled Companies for Calendar Year.
Year.
Gross. Net after taxes.Int.
s. /. Surplus
1910................................$6,503,114 $2,781,645 $1,340,834
$1.440 811
1009................. ............. 5,801,238
2,440.293 $1 277 042
$1 163 251
1908..
------5 435,495 2.155.246 lJBS 715
901 531
Out of surplus earnings there have been set aside certain reserve funds for
betterments, reconstruction, depreciation, &c.
m
OFFICERS.— Pres., J. K. Newman; 1st V.-P , Geo II Davis- 2d V -p
and Treas., L. Carroll Root; Sec. and Asst. Treas., Madge MeGrath, all of
New Orleans.— V. 83. p. 35, 322, 1522; V. 84, p. 1179- V. 88 p . 1251*
1431, 1559, 1618; V. 89. p. 347; V. 90, p, 107, 013, 1042. 1612; V. 91. p.1628'.
BLOOMSBURG, PA.
COLUMBIA POWER, LIGHT & RAILW AYS CO.
ORGANIZATION.— Incorporated In Delaware. Owns either the whole
or over 00% of the capital stock, and In some cases the majority of the bonds,
of the following companies, operating In the towns of Bloomsburg. Dan
ville, Catawlssa and Berwick: Columbia & Montour Elec. Ry. ($375 000
stock); Danville & Bloomsburg St. Ry.: Berwick Elec. Lt. Co.; West Ber the contentions of the stockholders’ committee. See V. 90, p. 235. Legis
wick Elec. Lt., Heat & Power Co.; Irondale Elec. Lt., Heat & Pow. Co.; lature has again referred the matter to the two boards sitting jointly. For
United Gas & Elec. Co., Standard Gas Co. and Standard Elec. Light Co. stockholders committee circular see V. 89, p. 1484, 1544. In Feo. 1911
the Joint board suggested that stockholders of both companies have until
Began operations July 1909.
Dec. 30 1911 to authorize the consolidation.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
$850,000 ...................
Common $850,000 .............................
STOCK AND BONDS.
D a te .
I n te r e s t.
O u ts ta n d in g
M a t u r i t y >»
Preferred $350,000 ---------------305,500 ................... Stock, $23,000,000 ($100)..............
F-A
$19,950,000Feb 15T1 3%
Collat trust mtge $850,000 g.l 1909
5g
621,900 Feb 1 1939 Debentures, gold.............c&r) 1905
4 g M-N
8,500,000 May 1 1935
($100, $500 and $l,0 0 0 )..J ln t. at Commonwealth Tr. Co., Harrlsb.,Tr.
JOId Colony Trust Co.. Boston, Registrar.
Col & Mont 1st M $375,000 gl 1901
5 g J-J
375,000 Jan 1 1931 Debentures, gold.............. c&r 1907
4 )4 %
4,800,000 Oct 1 1937
($500 and $1,000)----- c& r/Int. at Commonwealth Tr. Co., Harrlsb.,Tr.
B o n d s .— The coupon bonds are In denominations of $500 and $1,000 and
Danv & Bloomsb St Ry bds__ _____
157,500 __________
registered bonds are In denominations of $1,000, $5,000, $10 000 and
Berwick Elec Light Co b o n d s .___
79,000 __________
$50,000.
B o n d s . — Coll, trust bonds are subject to call after 5 years In whole or
On April 30 1907 shareholders voted to Increase the authorized stock to
In part at 105 and Interest.
$21,300,000 and the bonded debt from $11,000,000 to $16,800,000, to
EARNINGS.— For 6 mos. end. Jan. 1 1911, gross, $113,499; net, $52,273; provide for new construction and equipment. See statement In V. 84, p.
Int., $31,869; surplus, $20,404. For year ending June 30 1910, gross, 1051.
Massachusetts Commission was petitioned for authority to
$207,467; net, after taxes, $75,990; Int., $63,488; surplus, $12,502.
Issue $8,000,000 of the new stock; also authority to Issue $5,800,000 of the
ROAD.— Operates between Danville, Bloomsburg, Catawlssa and Ber new bonds for the cost of power additions, new equipment and the Forest
wick. Standard gauge.
Hills extension. This latter authority was granted In June 1907. Of this
OFFICERS.— Pres., E. R. Sponsler, Harrisburg; V .-P ., Myron I. Low; amount $1,000,000 has been Issued as 4s maturing May 1 1935 and remain
Sec., A. W. Duy; Treas., M. Mlllelsen, all of Bloomsburg.— V. 89,p. 410.
ing $4,800,000 were sold as 4 Ms maturing Oct. 1 1937. V. 85, p. 865.
920; V. 86, p. 277. In Dec. 1908 Mass. RR. Commission sanctioned
$6,650,000 additional stock (raising stock to $19,950,000) at $110 per share
BLUFFTON, IND.
(Instead of the $8,000,000, petition to Issue which was withdrawn, V. 85,
p. 1461), to defray the cost of the Cambridge subway and for the construc
M A R I O N B L U F F T O N & E A S T E R N T R A C T I O N CO —A trolley road.
of the East Cambridge and the West End elevated lines. V. 87, p.
ORGANIZATION.— Organized In 1905 In Indiana. Private right of way. tion
1662. V. 87, p. 1662; V. 88, p. 1372.
Leases the Bluflton Geneva & Cellna Traction Co.
D iv i d e n d s .— First dlv., 2 1 4 % , was paid Aug. 15 1898.
In 1899, 5 ) 4 % ;
STOCK AND BONDS— D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
In 1900, 4 M%: In 1901, 5M % ; In 1902 to 1910 Inclusive, 6% yearly; In
Common. $850,000 ($100).......................... ..........
$850,000 ...............
1911,
Feb.,
3%
.
F i r s t mtge. $850,000 ($1,000)1 1907
5 g J-J
720,000 Jan 1 1037
ANNUAL REPORT.— Report of Boston Elevated R y. for 9 mos. ending
gold, no s f & not rcd -.c& rjln t at Marlon Trust Co., Indianapolis, Trust
BONDS.— $130,000 are reserved for future betterments under certain June 30 1910 In V. 92, p. 115. For year ending Sept. 30 1909, In V . 90,
p.105. For 1908, in V. 88, p. 98. For 1907, In V. 86, p. 105. F i s c a l y e a r
ROAD.— Operates 51 miles of track (Including 19 miles from BlulTton to w a s c h a n g e d in 1910 to e n d J u n e 30 a n d r e p o r t f o r 1909-10 is f o r 9 m o s . e n d in g
Geneva, leased), between Marlon, where connection Is made with Indiana J u n e 30 o n l y .
1909-10.
1908-09.
1907-08.
1906-07.
Union Trac. Co. lines and Kokomo Marlon & West. Traction Co., and
Bluffton, Indiana, connecting there with Ft. Wayne & Wabash Valley Revenue passengers. .♦220,127,890*281,008,471*273,132,584*271,084,815
Car miles run_______ . . 39,296,522 51,127,681 51,857,889 52,061,569
Trac. and Indiana Union Trac. Co. Standard gauge. 70-lb. T rail.
E a r n in g s —
EARNINGS.— For 12 months ending Dec. 31 1910, gross, $107,278; net,
. 10,984,441 14,024,768 13,628,383 13,546,779
Passenger_________
$50,520. In 1909, gross, $104,088; net, $49,637.
■ •
261,182
330,205
331,043
406,187
OFFICERS.— Pres., H. C. Arnold: V.-P., L. A. Williamson; Sec. and Malls, rentals, adv., &c.
138,064
138,042
58,201
116,108
Mgr., R. F. Cummins; Treas., W. A. Kunkel; Aud., J. S. Clark; Supt., C. W. Int. on deposits, &c__
Clark; all of BlulTton.
Total gross............
11,383,687 14,493,853 14,074,696 14,011,167
(1 )
B l u f f t o n G e n e v a & C c l i n a T r a c t i o n C o . — A trolley road.
4,364,022
4,062,290
5,005,369
4,620,311
ORGANIZATION, &c.— Organized In Indiana In 1907. Private right Net earnings__________
D e d u c tio n s —
of way. Was leased July 1 1910 to the Marlon Bluffton & Eastern Trac.
510,135
$680,180
$650,319
Stock, $450,000 com., $225,000 (5% cum.—J.-J.) pref. Road, 19 miles of Int. on West End d e b t..
$668,280
468,032
525,509
631,116
track between BlulTton and Geneva through Vera Cruz and Linn Grove. Taxes, West End______
574,113
342,418
293,488
Pres., H. C. Arnold V.-P., A. G. Briggs; Sec., R. F. Cummins; Treas., Taxes, Boston Elevated
318,189
294,017
Compensation tax_____
106,239
139,171
W. A. Kunkel.
117,189
123,276
Rental of subway______
138,623
186,792
207,274
205,522
Dlvs.
on
West
End
stock
967,808
1,290,410
1,200,874
1,270,841
BOISE CITY, IDAHO.
Other rentals__________
6,885
9,180
9,180
9,180
BOISE & INTERURBAN RY. CO.—A trolley road.
R cntto01dCol.St.Ry.,&c.
36,279
46,566
40,362
41,283
ORGANIZATION.— Incorporated 1896 In Idaho.
Int. on Bos. El. fund d’ t
281,001
378,909
348,137
306,389
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y
Wash. St. Tunnel rental
255,000
254,924
Stock, $5,000,000 ($100)__________
_______
$1 274,000 ................... East Bos. Tun’l rental..
41,674
53,216
*51,68 5
51*371
1st mtg, $5,000,000, g ($ l,000) \ 1896
5 g A-O
1,024,000
1936 Depreciation fund_____
______
200,000
200,000
100,000
s f and sub to call____ c& rjlnt. at Colonial Trust Co., Plttsb., Trustee.
ROAD.— Operates 37 miles of track between Boise and Caldwell. Includ
Balance
908,196
$841,417
$840,064
$831,279
ing A!4 miles In Boise. 70-lb. T rail. Standard gauge. Owns a 550-ft
Dividend.................. (4 M%)897,750(6%)802,503 (6%)798,000 (6%)798,000
5-span bridge over the Boise River. Has erected a freight terminal In Boise.
Surplus
for
year_
_
10,446
A city passenger terminal and office building was completed In 1910
38,914
42,064
33,279
OFFICERS.— Pres., W. E. Pierce, Boise; V.-P., Julian Kennedy, Pitts
burgh: Sec. and Treas., Thos. B. McKalg, Pittsburgh; Gen. Mgr., Harry E.
* These figures cover revenue passengers only, No data available as to
Dalton, Boise.
free transfer passengers.
R o a d J u n e 30 1910.
BOSTON, MASS.
BOSTON ELEVATED RA ILW AY.— (See
12.)
ORGANIZATION.—Charter granted In 1897 provides for an extensive
system of free transfers. The company also, In addition to regular street
railway taxes, has to pay ^ of 1% of gross "earnings of all lines owned,
leaseil or operated by It,” and a sum equal to the excess of the dividends
over 6% . Its charter, however. Is understood to "grant It exemption f- >m
reduction of fares, and also other Immunities.” (See Massachusetts RR.
Commission, V 65, p. 1223.) Elevated cars run with electricity by "thirdrail” system; surface lines by trolley. Six miles of elevated road opened In
June 1901; In Aug. 1001 put In operation the Atlantic Ave. Loop Division.
L e a s e o f lV e s t E n d a n d S u b w a y a n d T u n n e ls .— The West End Street Ry. Is
leased until June 10 1922.
In Dec. 1896 the West End Street Ry. leased the right to use the Trcmont
Street subway In Boston. See terms under West End Street Ry.
On Dec. 24 1904 the East Boston tunnel (under Boston Harbor) was leased
by the Boston Elevated Ry. until June 10 1922 for a rental of "A of 1 % of
earnings of all lines owned, leased or operated. The company also collects
a toll of one cent per person, which goes to the city. The tunnel was opened
Dec. 30 1904. It extends from the main land to East Boston, 1.4 miles,
and cost $3,500,000.
On June 28 1902 Washington Street Subway bill became a law. The city
has constructed a tunnel for elevated trains and leased same to the Boston
Elevated Ry. for 25 years at an annual rental of 4 lA % of total cost of con
struction, which was nearly $10,000,000.
V. 88, p. 98.
Proposition
was ratllled by voters at the Dec. 1902 election. V. 75, p. 28, 496, 1315;
V. 77, p. 2097; V. 82, p. 217. The Washington Street tunnel began opera
tion Nov. 30 1908. V. 87, p. 1477. In 1907 an Act was passed modifying
plans somewhat, and permitting Boston Transit Commission to construe',
a subway to be known as the RIverbank Subway, and giving this company
right to lease same for 25 years at an annual rental equal to 4 ) 4 % of net
cost thereof
Another Act passed In 1907 authorizes the company to
build an elevated extension from Sullivan Square, Charlestown, to Malden.
See V. 86, p. 105. The route for this extension has been approved by the
Mass. RR. Comm, and a portion of the land has been purchased. A change
In the westerly entrance to the RIverbank subway has been approved by
the Boston Transit Commission.
On April 29 1903 leased from the Old Colony Street Rv. all that com
pany’s tracks In the city of Boston, amounting to 23.753 miles. The lease
Is for 99 years and provides that besides paying taxes the Elevated Co. will
pay 6W % of replacement value (appraised at $353,979, less the rental of
certain short pieces of track appraised at $13,866) of the property leased as
of date Feb. 16 1903, and 4 % on the cost of all additions and betterments.
S u b w a y s in C a m b r id g e .— In June 1906 a measure passed by the Massa
chusetts Legislature became a law, which permits the Boston Elevated to
construct two subways In Cambridge, and to Issue stock or bonds to meet
the cost. At the end of 20 years the city of Cambridge Is to have the right
to purchase these subways by paying their cost plus 7 % Interest, less divi
dends. v . 83, p. 93. See remarks concerning these subways In company’s
report for 1906, as given In V. 84, p. 155. Work on subways was begun
Aug. 12 1909. The company In 1908 (lied with the Mass. RR. Comm,
prellmlnarv estimates of the cost, showing an aggregateof $10,639,278. See
V. 87, p. 1662. Subway proper Is practically finished and work on stations
and terminals and connection with Beacon Hill tunnel well under way.
E x t e n s i o n .— An extension of the elevated road to Forest Hills was put In
operation Nov. 22 1909; V. 89, p. 1410. In April 1905 $7,500,000 new bonds
were Issued to provide for this extension anil for payment of floating debt,
&c. See V. 80, p. 1423.
D a m a g e s b y N o i s e .— In Aug. 1902 Judge Mason, In the Superior Court
at Boston, held that the company Is liable for damages from noise caused
by the operation of trains, v . 75, p. 496. This was affirmed April 1903,
by Massachusetts Supreme Court. V. 76, p. 809.
C o n s o lid a tio n w ith IVrsf E n d S tr ic t H u .— (Jnderan Act of the Massachusetts
Legislature, approved May 28 1908, consolidation with the West End Street
Ry., now leased, Is permitted; 8% cumulative first pref. stock Is tobelssued.
share for share, for the pref. stock of the West End. and 7% cumulative 2d
pref. stock for the common stock of the West End. V. 86, p. 917, 1342.
On April 14 1909 West End stockholders voted to petition the Legislature
for permission to consolidate with the Boston Elevated on the basis of a
mollified plan, which calls for better security for both classes of Elevated
pref. stock, which are to be exchanged for West End pref. and com.; 8%
dividends on both classes of stock from date of consolidation; and the dis
tribution of some $1,317,000 "free assets” among holders of West End
pref. and and com. stocks. Sec V. 88, p. 946, 1003. The Boston Transit
Commission and the Massachusetts Railroad Board, to which the Legisla
ture referred the matter (V. 89, p. 44), reported In Jan. 1910 adversely to
M a p on pa ge
M ile s .
M ile s .
Main line 1st track (10.0 m. ” L” -233 Owned by West End...............
409
do
do 2d track (9.8 “ L” ) ..1 9 9 Leases, trackage, &c.(24 m. ” L ” ) 76
----Sidings, &c. (4.3 miles “ L” ) _____53
-----Total (24 m. " L ” ) .....................485
Total (24 miles " L " ) _________ 4851Electrically equipped___________ 4 7 9
Weight of girder rails Is 70 to 100 lbs. Cars, 3,558; horses, 253; electric
motors, 6,693; snow plows, 306; snow sleds, 621; mlsc. vehicles, 483.
OFFICERS.— Pres., William A. Bancroft; V.-P., Charles S. Sergeant;
Treas., Henry L. Wilson; Sec., Henry S. Lyons; Aud., J. II. Neal.—
V. 86, p. 105. 277, 917, 1342; V. 87, p. 872, 1089, 1237, 1299, 1357, 1477,
1662; V. 88. p. 98, 373, 943, 1001, 1372: V. 89, p. 1279, 1410; V. 90, p. 105,
235,1554; V. 91, p. 335; 869; V. 92, p. 1 15 ,
^
C o m p a n ie s C o n tr o lle d b y B o s t o n E le v a te d R a il w a y C o .
West End Sfrcet Railway.— A trolley road.
ORGANIZATION.— Leased to Boston Elevated Ry. until June 10 1922
at 7 % on common anil 8 % 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. 1223. Consolidation proposed with the B o s -■
ton Elevated Ry. See particulars under latter company.
In Dec. 1896 leased the right to use the Tremont Street subway at 4 J 4 %
of Its net cost, stated approximately as $5,786,000 In Sept. 1898, when the
third and last section was opened. Entire length Is 1 2-3 miles, with a
trackage of about 5 miles. See V. 63. p. 1065, 1117; V. 67, p. 528.
In 1910 $1,390,000 new com. stock (auth. by RR. Comm. Sept. 15 1910,
V. 91, p. 718) was ollered to com. stockholders at $75 per $50 share, to cover
cost of Improvements made by the Boston Elevated. V. 91, p. 1631, 1575,
1513, 872, 791, 718, 655, 277; V. 86, p. 549, 482, 109, 53; V. 85, p. 1578.
1520; V. 84, p. 1553, 1369, 932, 805, 572.
STOCK AND BONDS.—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Com stock ($50) $ 1 2 ,5 1 0 .1 5 0 ................
7 A-O $12,510,150 Oct TO, 3 M
Preferred ($50) $6,400,000__ _____
8 J-J
6,400,000 Jao ’ l l , 4%
Gold bonds of 1894__________ 1894
4 M g M-S 2,000.000 Mch 1 1914
Gold bonds of 1896, $2,275.) 1896
4 g M-N
815.000 May 11916
000 not mortgage________ <
Gold bonds of 1897. $2,700.-1 1807
4 g F-A
2,700,000 Feb 1 1917
000 not mortgage_______c /
Currency bonds ($1,000) not) 1900
4 F-A
4,743,000 Aug 1 1915
m ortgage........................... cj Interest at Old Colony Trust Co., Boston.
Bonds ($1,000)..........
c* 1002
4 F-A
5,709,000 Aug 1 1932
Bonds ($700.000).-........... c&r 1908
4M J-J
700.000 Jan 1,1923
Bonds ($850,000) ($l,000)c&r 1910
4M J-J
850,000 July 1 1930
B o n d s .— With the exception of 1900 Issue (noted above) Interest on all
Issues Is payable at American Trust C d., Boston.
OFFICERS.— Pres., Joseph B. Russell; Treas.. Parkman Dexter.—
V. 87, p. 1012, 1089, 1161, 1534: V. 88. P. 102, 824, 946, 1003: V. 89. p. 44.
1484, 1544; V. 90, p. 238, 1678; V. 91, p. 155, 277, 655, 718, 791, 872, 1513
1575, 1631.
• (1)
(2) Somerville Horse RR.
Owns 8.03 miles of track. Leased to West End Street Ry. for $9,180
yearly— 6 % on $153,000 stock. Dividends are payable (M&N) In Boston.
BOSTON SUBURBAN ELECTRIC COMPANIES.— A trolley system.
ORGANIZATION.—This company Is a voluntary association formed In
Nov. 1901 on the same lines as the Massachusetts Electric Companies. The
properties controlled are the Lexington & Boston Street Ry. and the Middle
sex & Boston Street Ry. (Into which the Natick & Cochltuate St. R y.. the
Westboro & Hopklnton St. Ry., the Newton & Boston St. Ry. and the New
ton St. Ry. have been merged). The entire Issues of the stock of these roads
have been acquired. In 1902 also purchased Norumbega Park and Lexing
ton Park. In 1908 Massachusetts Railroad Commission sustained action
Increasing fares on several of the subsidiary lines from 5 to 6 cents. V. 87,
p. 345. Has acquired freight rights In several of the towns along its lines.
W a lth a m G a s P r o p e r t y .— In 1902 secured entire ($324,700) capital stock
of the Waltham Gas Light Co., V. 74. p.377. On April 28 1909 sharehold
ers voted to sell property and liquidate company. The price received was
$1,100,000, but $350,000 went to retire outstanding notes, leaving $750,000
cash. This was used to reduce Boston Sub. Elec, floating debt and to retire
the shares of the latter originally Issued to cover the Waltham Gas property.
See V. 80, p. 720.
v
v
*
STOCK. -Shares have no par value, but In case of liquidation the pre
ferred shareholders will be entitled to $100 per share, with accrued divi
dends: the common shares participating pro rata In the remaining assets.
(See V. 73, p. 1159, 1263.) In 1904 15,635 shares of preferred and 15 635
shares of common were offered to shareholders at $66 67 for one share o
pref. and one share of com. Jointly. In Sept. 1909 stockholders voted that
such an amount of pref. and not more than an equal amount of com. be re
tired as can be purchased by use of funds to an amount not exceeding $600,
000, and the uso of notes (see below) to an aggregate not exceeding $2,000,
000. V.89, p. 720, 846, 1068. Listed on Boston Stock Exch. In April 1905.
D a te .
i n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common stock______________ ____
_________ 50.296sh. __________
Preferred stock, $4 per sh. c u m ___
Q-J
32,287 sh. Jan 16’ 11, $1
Coupon notes, $2,000,0001 1909
4 J-D
1,550,800 Dec. 1 1919
($100, $500 and $1,000)__ /interest at Boston Safe Deposit & Trust Co.
N o t e s . —The 1909 notes are not specially secured but arc simple obli
gations of the company, subject to call on any Interest date on 60 days’
notice at 105 before Dec. 1 1914, thereafter at 102 J^. V. 89, p. 1068.
HOAD.— Companies owned and controlled operate In the aggregate about
141 miles of track from Needham on the south to Lowell on the north, and
connecting at live points with the tracks of the Boston Elevated Ry. At
VVestboro connection Is made with the Worcester Consolidated.
D iv i d e n d s . — First of $1 on preferred paid April 1902; also $1 July 1902
and $1 Oct. 1902. lu 1903 S4; In 1904, $3; In 1905, $2; In 1906, $2 75;
In 1007, $3. Jan., Apr. and July 1908 dlv. passed, making arrears of dlvs.
to latter date $9. V. 85, p. 1645. In Oct. 1908 dlvs. resumed and paid
75 cents. In 1909, $3. In 1910, $4. In 1911, Jan., $1.
REPORT.— For llscal year ended Sept. 30 1910: Income, gross, $206,198;
net, $136,424; dlvs., $135,305; surplus, $1,119.
OFFICERS.— Pres., Adams D. Claflln; V .-P., Sydney Harwood; Trcas.,
Alden E. Vlles; See., A. A. Ballantlnc: Asst. Treas., G. M. Cox. V. 86,
p. 1466. 1528; V.87, p.36, 345, 812, 1418, 1532; V.88, p.1126; V. 89,p.720,
846, 1068, 1541; V. 90, p. 53; V. 91, p. 37.
(1) Lexington & Boston Street Ry.—Trolley.
ORGANIZATION.— Incorporated In June 1899. Operation begun In
May 1900. Petition to Issue $250,000 new stock had not been granted to
Feb. 1911.
STOCK AND BONDS.
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
Stock $525,000 ($100)................................................
$525,000 In’03 04,1%
First mortgage $500,000 gold/ 1900
4>* g A-O
500,000 July 1 1920
($1 000) ---------------------- c*JInterest at Beacon Trust Co.. Boston, Trust.
Current liabilities June 30 T O . ___
_________
256,862 _________
B o n d s are subject to call at 105.
EARNINGS.— For 9 mos. end. June 30 1910, gross, $95,299; net, $9,603;
o'.iargos, $31,282; deficit, $21,679.
ROAD.— Owns and operates 32.356 miles of track, leases 0.745 miles;
total, 33.101 miles, extending from Arlington Heights (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, Charles
town, station of the Boston Elevated R y., with branches to Waltham and
to Concord; laid with 95-lb. girder rail and 60 and 70-lb. Trail; operates 170
motors, 23 box and 38 open cars; total, 61 cars; 7 snow-plows, 2 work cars.
—V. 83. p. 155, 818.
(2) Middlesex & Boston Street Ry.—Trolley.
ORGANIZATION.— Organized In 1907 and took over the South Middle
sex Street Ry., sold at receivers’ sale July 1 1907. In Nov. 1908 Massa
chusetts RR. Commission granted permission to consolidate with the Westboro & Ilopklnton St. Ry. and Natick & Cochltuate St. Ry., and to Issue
$140,000 additional stock to exchange, share for share. V. 87, p. 1420.
In June 1909 Massachusetts RR. Comm, approved the consolidation with
the Newton Street Ry. (Into which Waltham St. Ry. had been merged
and which had acquired Commonwealth Ave. St. Ry. and Wellesley &
Boston St. R y .), and sanctioned an Issue of $822,000 new stock to carry out
8a.!}ic -., v : . 89, p In ° ct- 1909 Comm, approved the consolidation
with the Newton & Boston and sanctioned the Issue of $200 000 for the
purpose. V. 89, p. 093.
Cn Aug. 1 1908 Massachusetts RR. Comm, gave a decision sustaining
Newton St. Ry. 8 right to charge 6-cent fares and to charge one cent extra
(beyond the ordinary 5 cents) for each transfer Issued. See V 87 p 345
In Aug. 1909 Comm, granted the Middlesex & Dost, the right (for an ex
perimental period of one year) to charge one cent extra (beyond the regular
5 cents) for each transfer Issued; In Aug. 1910 privilege was continued for
another year.
STOCK AND BONDS.— D a t e .
In terest.
O u ts ta n d in g .
M a t u r it y Stock, $1,462,000...............................
- ...........
$1,462,000 ...............
So Mid St Ry, $100,000, gold..J1895 5 g F-A
100,000 Feb 11915
lInterest at International Trust Co., Boston
West & Hopk St R y................... .......
5%
40,000
Nov 1 1922
Newton St Ry 1st M cur not) 1802
5 J-J
500,000 July 1 1912
subj to call ($500) $500,000JInt. pay. at Am. Loan & Tr Co.,Bost. Trus.
Commonwealth Ave first mtg) 1896
5 g F-A
75,000 Feb 1 1916
$75,000 ($500) gold------- c* /ln t. at Internat. Tr Co., Boston, Trustee.
Waltham St Ry 1st m tg e j 1905 5 g J-D
100,000
1925
$100,000 ($1,000)------------ lin t, at American Trust Co., Boston. Trustee.
Newton & Bos St Ry 1st Ml 1892
5 J-J
200,000 July 1 1912
$500,000 not subj to ca lL ./In t. payable at Am. Tr. Co., Trustee, Boston
Current liabilities June 30 1910, $1,463,307.
EARNINGS.— For 9 11103. end. June 30 1910, gross, $469,839; net,
$144,988; charges. $114,993; dlv., $29,240; surplus, $755.
ROAD.— Owns 94.471 miles of track and operates In cities of Newton
and Waltham and township of Watertown; runs from Ilopklnton to South
Natick and Westboro; also connects Needham, Wayland and Wellesley
Ralls. 75-lb. T. V. 85, p. 221; V. 87, p. 1420- V 88, p. 1197;V.89,p.778, 993.
(a) Newtonville & Watertown Street Ry.—Trolley.
ORGANIZATION.— Operates about 5 miles of track. Stock, $50,000;
outstanding, *50,000; par $100. Unfunded debt June 30 1910, $59,650.
No funded debt. Operated by Middlesex & Boston St. Ry. under lease of
1897 at a rental of 7.2% per annum on the stock, payable Feb. & Aug.
MASSACHUSBTTS ELECTRIC COAIPANIES.— Electric light and street
railways. (S e e M a p o n p a g e 14.)
ORGANIZATION.— Formed In May 1899. Is not an Incorporated
company, but a voluntary association managed by a board of fifteen trus
tees, who hold the title to its assets. Messrs. E. Rollins Morse & Bro. and
Tucker, Anthony & Co. of Boston, who promoted the combination, In June
1899, In offering some of the stock for public subscription ($1,000 of pre
ferred and $500 common was offered for $1,050), stated that “ the Declara
tion of Trust contains strict provisions against the creation of any Indebted
ness whereby any shareholder or trustee can beheld to any personal lia
bility.” Comprised originally between 30 and 40 separate properties, but
through consolidation there are only two operating companies, namely the
Boston & Northern St.Ry. and the Old Colony St. R y., besides the Hyde
Park Electric Light Co.The following Is a list of the companies controlled,
with their share capital, Jan. 1 1911.
COMPANIES CONTROLLED JAN. 1 1911.
S h a res. \
sh ares.
Bost. & No. St. Ry., com __ 110,432 [Old Colony St. Ry., pref____ 7,767
gost. A No. St. Ry., p r e f... 1.3,119 Hyde Park Elec. Light C o .. 2,875
Old Colony St. Ry., c o m ... 77,122
-----------Total ------------------------------------------------------------------------------------ 211,315
Of tho above 211,315 shares, the Massachusetts Elec. Companies owns
practically all except the pref. shares of tho Boston & No. (13,119) and of tho
Old Colony (7,767 shares). The system comprises electric street railway
lines In 22 cities and 70 towns In Eastern Massachusetts and New Hampshire
and Rhode island. The companies given cover the greater part of the street
railway mileage north of Boston as far as Nashua, N. H., and Newburyport
and Gloucester, Mass., and south as far as Fall River and New Bedford,
Mass., and Newport, R. I., connecting directly with the street railway
system of Boston. Various electric-lighting companies doing business In the
same section are also Included.
P r o p o s e d M e r g e r o f S u b s id i a r i e s .— On Dec. 6 1010 Pres. P. F. Sullivan
of the Boston & Northern Street Ry. Hied with the Secretary of the Com
monwealth pf Mass, a petition for legislation to auth. the Bos. & Nor. St.
R y. to purchase the Old Colony St. Ry. on terms agreed upon by majority
of board of directors and approved by majority of stockholders of both
companies and by the RR. Comm. V. 91, p. 1 5 7 4 .
STOCK AND BONDS.—The share capital Is represented by certificates
of participation, which give the owners a proportionate Interest In the shares
held by the trustees. Both classes of shares are reported exempt from taxa
tion In Massachusetts. Listed on the Boston Stock Exchange In April 1901.
F o r c o n s o lid a te d b a la n c e sh eet o f c o m p a n ie s c o n tr o lle d , s e e V. 91, p. 1 5 7 0 this balance sheet shows $21,131,500 aggregate stock of the controlled
companies Sept. 30 1910, of which $2,088,600 Is pref. and $18,434,000
funded debt Sept. 30 1910, and notes for amounts duo Mass. Elec. Cos.
of $3,270,000.
_
,
C°($14°293S100)C’
D a te .
^
R a te .
* 100} — .....................
O u ts ta n d in g
D iv i d e n d s .
$14,293,100
...................
Pr5
e 57,40°0C)k 4 ^ c u m 00._ (A 20,; i — ‘
4J J
2° ’ 557’400 J a n ' n ’ 2%
Coupon notes, $5,000,000,1 1910 4 H g J -J 3,700.000 July 11913
/S*?
^ any
date}Interest at Old Colony Trust Co., Bos(S1 ’° ° 0 ) ...........................c*J ton, Trustee.
Of the coupon notes of 1910, $3,500,000 were Issued to retire prior notes.
Lhey, are,s,e™red> deposlt'uf Bost. & Nor. and Old Colony St. R y. stocks
.ft0 rii 1 of p,^r
notes. Including a majority of shares of one of the
two subsidiaries. V. 89, p . 1597; V. 90, p. 167.
n E, n9o,Tn“ I
toJ the year endln« Sept. 30 1910 (see "Chronicle”
Dec. 10 1910, p.1570), shows receipts from dlvs., $1,040,029; from lnt. on
notes, &c., $172,830; total, $1,212,859; expenses, $24,644: lnt., $181,537;
dlvs., $770,90-; sur., $235,776; premium on notes purchased and discount
sold, $172,321; profit on sale of stocks, $53,712; net deductions,
$118,609; previous surplus, $2,898,758; total surplus, $3,015,925.
CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COS.
Y e a r e n d . S e p t . 30—
1909-10.
1908-09.
1907-08
1906-07
$8,052,356 $7,809,010 $7,758,511
Earnings.............- ..........$8,560,949
Expenses ...................5,360.295
5,148,397
5,001.517
5,OOo!652
Net earnings-------------- $3,200,654
Charges...............
1,792,937
$2,903,959
1,778,129
$2,807^493 ~$2 7 5 7 8 5 9
1,784,438
1 ,7 0 2 ',6 2 3
DlvIslWe ine°me------- $1,407,717
1,130,561
Dividends...............
$1,125,830
1,000,464
$1,023^055
880,773
$1,055,236
880,773
B a la n c e ....................
$277,156
$125,366
$142^282 _ ^174,463
, o? tV 1D
dlv 10P p ref •stock. 2 % . was paid Dec. 1 1899; also
2% June 1 1900. Dlv. period then changed to J&J and 2 1-3% nald Jan
}®0J: July 1001. 2% ; in 1902 4% ; in 1903, 4% ; In 1904. 4% . ‘rhe j “ l
190a dividend was passed and none paid until Jan. 1909. when 1% naldJuly, 1J^%. See V. 79, p. 2642, 2456; V. 85, p. 1646; V. 8 7 , n 142o'
and V. 89, p. 1597. In 1910, Jan., 1 % % ; Juiy, 2 % . In 1911, Jan., 2% !
PLANT.— The street railways controlled own 882.5 miles of track and
own and lease 950.2 miles of track; operate 935.2 miles; own and operate
2,025 cars, of which 947 are closed and 1,078 open cars. Power capacity 45
engines, 39,075 h.p., and 48 generators, 26,680 k.w.; 9 turbines,17,800 h d
and 12,000 k.w.
v
OFFICERS.— Pres., Gordon Abbott; V .-P ., Charles E. Cottlng; Sec..
Everett W. Burdett; Treas., J. H. Goodspced; Gen. Mgr., P. F. SullivanGen. Auditor, D. Dana Bartlett. Executive Committee: Philip Dexter’
Chairman;
GordonR Abbott.
Charles Francis
Adams___
2d, Galen
L. .Stone
Percy
P-l fl ro i*
D LIIIm T
q l t n n . - t o l l o n rl
n w l n n T3 fS
......
. ..
*.
.. *
V. 92, p. 118.
(1)
Boston & Northern Street R y.—An electric road.— (S ee M a p o n p . 1 4 .)
ORGANIZATION.— This was the Lynn & Boston R R . (lncorp. In Mass.
April 6 1859), but on July 23 1901 name changed to present title. The fol
lowing companies have been absorbed from time to time:
Beverly & Danvers.
Middleton & Danvers.
Georgetown Rowley & Ipswich.
Mystic Valley.
Gloucester & Rockport.
North Woburn.
Gloucester St. Ry.
Reading & Lowell.
Haverhill & Andover.
Read. Wakef. & Lynfleld.
Lawrence & Reading.
Rockport St. Ry.
Lowell & Boston.
Salem & Wakelleld.
Lowell Lawrencc& Haverhill.
Wakefield
& Stoneham.
Lowell & Suburban.
Woburn & Reading.
On Mch. 17 1908 shareholders authorized an Issue of 6% cumulative
pref. stock. V. 86, p. 720; V. 87. p. 1358; V. 89, p. 163, 348; V. 90, p.
Ip Ja,n- 1911 petitioned R R . Comm, for permission to Issue
$700,000 more bonds. In 1907 obtained permission to do a freight business
In a majority of the towns along Its lines.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g . L a s t d l v ., A c
Stock common (par $100)___ ____
$11,043,200 Nov ’ 10, 3 %
Stock, pref ($100) $1,311,9001 __
F-A
1.311.000 F eb .’ 11,3%
6% cum__________________ J
Ref mtge, $15,000,000, gold) 1904
4 g J-J
_
4.625.000 July
1 1054
($1,0 J 0 )..........................c * /ln t. at American Trust Co.,‘ Boston’/Trustee’
Lynn & Boston 1st mtge, g,\ 1894
5 g J-D
3,723,000 Dec 1 1924
$5,379,000 ($1,000)------c -iln t . at Old Colony Tr. Co., Boston, Trustee.
G R & I 1st mtge ($1,000),1 1900
5 g J-D
180,000 June 1 1920
$180,000, gold----------------- /Interest at City Trust Co., Boston, Trustee
H G & D 1st mtge..................... 1899
5
35,000 Mch 1 1919
Coupon notes, $405,000______ 1897
6 A -0
405,000 April 1 1917
Plain bonds secured by Lynn
& Boston mtge of 1894—
5 M-S
Lynn & Boston, deb........._ 1892
186.000 Mch 1 1912
Naumkeag debentures.............1891
6 J-J
10,000 July 1 1911
5 g J-D
Gloucester Es’x & Bev 1st M,\ 1896
125.000 Dec 1 1916
*125,000 ($1,000). g o ld -c*)Interest at Amer. Tr Co., Boston, Trustee
Wakefield & Stoneham 1st) 1895
5 g M-S
150.000 Mch 1 1915
mtge, $150,000, gold___ c /
The last Issue Is redeemable at 105. Int. at Am. Trust Co., Boston, Trus
The Mystic Valley St. Ry. has out $60,000 gold 5s, due Jan. 1 1919.
The Rockport St. Ry. has outstanding $12,500 6 % coupon notes due Oct.
15 1916, Interest payable April and October,
The Gloucester & Rockport has outstanding $10,000 6% coupon notes
dated Feb. 1 1895 and due Feb. 1 1915.
LOWELL LAWRENCE & H AVERHILL.
STOCK AND BONDS—
D a te.
Interest. O utstanding.
M a tu r ity .
Stock ($100), common_______
Was exchanged for Lynn & Boston.
5 g A-O
$342,000 April 1 1911
Merrimack Valley Street R y) 1891
1st mtge, gold.................... /Interest at Inter. Tr. Co., Trustee, Boston.
Lowell Lawrence & Haverhill) 1893
5 g J-D
858,000 June 1 1923
1st mtge, $1,900,000, gold, [Subj. to call for the sink, fund at 105 & lnt.
$1,000 ---------------------- c-JInt. at Amer. Trust Co.. Trustee, Boston.
Peoples St R y, West New ) 1898
5 J-J
64,000 Jan 1 192 8
bury, Mass, 1st mortgage[ Interest at State Street Trust Co., Boston,
bonds, assumed__________ j
Low. Law. & Hav. C o n s o ls of 1893 are reserved for Merrimack Valley
bonds when due.
Lowell & s.u,b st Ry lst mtse.l 1891
5 g J-D
1,000,000 Dec 1 1911
1891, gold---------------------c*/In t. at the Amer. Tr. Co., Boston, Trustee.
Stock a n d B o n d s . — The pref. stock of the Bos. & Nor. Is subject to call at
120. Of the $15,000,000 Bos. & Nor. bonds, $6,945,000 are reserved to
retire prior liens. Remaining bonds can be issued only for 50% of cost of
additions and Improvements. These bonds have no sinking fund and are
not subject to call. Of the $5,379,000 first mortgage bonds of the Lynn &
Boston R R ., $525,000 have been canceled, and the unissued balance Is to be
used to take up other bonds. The Merrimack Valley St. R y. lst mtge
bonds are redeemable at option at any time.
DIVIDENDS.— On com. from 1880 to Oct. 1899, Incl.,8% yearly; In
1900, 7% ; In 1901. 6% ; In 1902, 6%; In 1903, 5%; In 1904. 2>$%; In 1905.
2% ; 1906 to 1910, Incl., 5% per annum.
ROAD.— Comprises the lines of the Mass. Electric Companies north of
Boston, embracing 461.295 miles of main and 2d main line and 495.7
miles of track—all owned.
ANNUAL REPORT.— For fiscal year ending Sept. 30 1910 of all com
panies Included In the Boston fc Northern St. Ry.: Gross, $5,090,064; net,
$1,869,322; other Income, $8,853; charges. $1,080,052; dividends, $613,225surplus, $184,808.
’
’
OFFICERS.— Pres., Patrick F. Sullivan, Lowell; Treas., C R Rock
well. V. 84, p. 995; V. 86, p. 720, 1223; V. 88, p. 748, 1436; V. 92, p 117
(a)
Boston & Chelsea Street R y.—Owns 4.379 miles of track. Leased
to Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to 6% on
$121,000 stock, payable A&O.
(ft) Boston
&
Revere Electric Street Ry.
ORGANIZATION.— Incorporated June 24 1889. Leased from July 1
1895 for 99 years to Lynn & Boston (now Boston & Northern), which guar
antees Interest on the $50,000 mtge. of 1908 and dividends on $50,000 stock
from July 1 1898 at 5% per annum.
STOCK AND BONDS— D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock (par $100) ___________ _____
5 J-J
S50.000 See text.
Bost. & Revere Elec St R y ( 1908
5 g M-S
50.000 Sept 1 1028
$50,000 gold ($1.000) — c* jln t. at Amer. Trust Co., Boston, trustee.
B o n d s . — No sinking fund, but bonds may be called on any Interest date
on six weeks’ notice.
ROAD.— Total track, 3.808 miles.
(c) East Middlesex Street Ry.
. ,,
,
ORGANIZATION.— Owns 19.394 miles of track. 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 llxed charges; then till May 1
1901 $24,000 yearly; and for remainder of lease $30,000 yearly.
Light
per cent dividends had been paid, but on May 1 1901 were Increased to 10%
O u ts ta n d in g . M a t u r i t y .
STOCK AND BONDS—
D a te .
In terest
$297,700
See text.
Stock ($100) $300,000 .......................
10
120.000 Sept 1 1918
Plain bonds, Int. gu. (end)
1898
5 M-S
100.000 Jan 1 1922
Refd bonds, Int. gu. (end)__ 1902
4 J-J
Interest at State National Bank. Boston.
The lessee In the lease agreed to stamp both Issues of the bonds with a
guaranty of the Interest— principal Is not guaranteed.— V.67, p. 482.
(d) Nashua Street Railway.— Trolley.
. nnr.
ORGANIZATION.— Incorporated Aug. 14 1885. On July 1 1900 was
leased to the Lowell & Suburban for 99 years, and lease now runs to Boston
& Northern through consolidation.
R e n ta l . — Dividends are payable Jan. and July at the rate of 4 % in 1901
5 % In 1902 and 6 % for the remaining 98 years of lease.
STOCK, BONDS, <5cc.—
D a te .
In terest.
O u ts t’ d ’ g . D l v .& m a t u r l t y
S tock, $325,000 (par $100)...............
............
$325,000 See text.
4 g A-O
150,000 Oct 11931
First mortgage, $150,000) 1901
($ 1 ,0 0 0 ), g o ld _________ c'J In t. at Old Colony Tr. Co., Boston, Trustee.
B o n d s .— Entire Issue may be called at 105 and accrued Interest.
Inter
est guar, by the Boston & Northern St. Ry.
ROAD.— Operates 15.52 miles of track.
(e)
Winnisimmet (Street) R R .
ORGANIZATION.— Owns 2.187 miles of track. Leased to the Lynn &
Boston for 999 years from 1880 at $3,000 per annum. Capital stock Is $50,
000 par $50. Dividends In 1894 to 1909 Inclusive 6% per annum.
(2) Old Colony Street R y . — (.See M a p p a g e 14).— A trolley road.
ORGANIZATION.— This was formerly known as the Brockton Street
Railway, but on Feb. 7 1901 name was changed as above. The following
companies have at various times been absorbed:
Boston Milton & Brockton.
New Bedf. Mlddleb. & Brockton.
Braintree & Weymouth.
Norfolk Central.
Brldgew. Whitman & Rockland.
Norfolk Suburban.
Brockton Brldgew. & Taunton.
Providence & Taunton
Brockton & East Bridgewater.
Quincy & Boston.
Dlghton Somerset & Swansea.
Rockland & Ablngton.
East Side Brockton & Holbrook.
South Shore & Boston.
Taunton & Brockton.
Globe Street Ry.
Taunton St. R y.
Hanover Street Ry.
W. Roxbury & Rosllndale.
HIngham St. Ry.
______ & Boston.
_
.Whitman Street Ry.
Needham
On July 1 1901 leased the Newport & Fall River Street Ry.
Shareholders March 17 1908 authorized an Issue of 6% cumulative pref.
Stock. V. 86, p. 721; V. 89. p. 103, 348; V. 90, p. 1425, 1491. On Dec. 30
1910 petitioned Mass. R R . Comm, for auth. to Issue $300,000 additional
common stock. V. 91, p. 1768.
L e a s e .— In 1903 the Boston Elevated Ry. leased all this company’s track
In the City of Boston for 99 years. The lease provides for the payment of
all taxes and also OH % on replacement value (appraised at $353,979, less
the rental of certain short pieces of track appraised at $13,866) of property
eased as of date Feb. 16 1903 and 4 % on all additions and betterments.
F r e i g h t r ig h ts .— In 1907 Mass. Commission granted authority to carry
freleht and express.
O u ts ta n d in g .
M a tu r ity .
STOCK AND BONDS—
D a te .
In terest.
$7,712,200 N ov’ 10.3%
Common (par $100)_________ _____
______
776,700 F eb ' l l . 3%
Pref, $776,900 ($100) 6% cum..........
F-A
3,840,000
July
Ref M, $10,000,000, gold) 1904
4 g J-J
.
.
. 1 1954
($1,000).......................... c* ] Int. at Old Colony Tr. Co.. Boston, Trustee.
Br’ ckt’ n St Ry gold-1 All 1 1892 5 g J-J
15,000 Jan 11912
Brockton (Consol) St [equally [1 1894 5 g A-O
689,000 Oct 1 1924
Ry 1st M $750,-1 se- |[ Subject to call at 105 and Interest.
000, g o ld _______J cured j J Interest at State Street Trust Co.
Boston Milton & Brockton) 1899
5 J-J
100,000 July 1 1019
1st mtg bonds. $100,000. J l n t . at Inter'l Tr. Co., Boston. Trustee.
Br’ckt’n Bridgewater & Taunl
1897 5 g F-A
200,000 Aug 1 1917
IstM.g, $200,000($1,000)c* JInt. at Am. Tr. Co., Boston. Trustee.
Brock & E Bridgewater 1st) 1898
5 g F-A
30.000 Feb 1 1918
M ,g , $30,000.......................jln t. at Am. Tr. Co., Boston, Trustee.
Taunton & Brockton lstl 1897 5 F-A
100,000 Aug 1 1917
mortgage, $100,000______jln t. at State St. Tr. Co., Boston, Trustee.
N Bedford M’dleboro&Brock) 1900 5 g J-J
325,000 .Tan 1 1920
1st M,$325,000($l ,000), g j l n t . at Am. Tr. Co., B°ston.Trustee. 101.
Braintree m ortgage------------ ( 1894
6 J-J
35,000 July 25 1014
(State St. Trust Co., Boston, Trustee.
Globe Street Railway Securities.
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity
1892
5 g A-O
$ 7 5 0 ,0 0 0 April 1 191 2
each, red at 105 and ln t.c'J Interest at City Trust Co., Boston, Trustee.
Debentures, g ($1,000)------ cf 1892 5 g J-J
,.5jj0 '09?
i1 1012
(Int. at New York Trust Co., New York.
Dlghton Somerset & Swan] 1896 5 g J-D
78J)00 Dec 11915
b’ds $125,000, g, 8 f, red [Int. at International Trust Co., Boston, Tr.
105 ($1 000)_____________ j
Sinking fund Is $3,000 a year.
Taunton St Ry 1st M________( 1894
5 J-J
350,000 Jan 1 1914
Do
Debentures.............. 1 1894
5 M-S
200.000 Mch 1 1914
I Int. on Taunton Street Ry. bonds payable at
l Am. Trust Co., mortgage trustee, Boston.
Prov. & Taunton St Ry 1st gl 1898 5 g M-S
150,000 Sept 1 1918
($1,000), author’d $200,00 j American Trust Co.. Boston, Trustee.
South Shore & Boston St. Railway Securities.
1s t M, $ 7 5 0 ,0 0 0 , gold, $ 1 .0 0 0 1
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Bonds. 1st M ($1,000), gold,) 1899
5 F-A
$335,000 Aug 1 1919
$1,000,000 .........................lint, at American Trust Co.. Boston, Trustee.
Braintree & Weymouth lstl 1897 5 g M-S
80,000 Mch 1 1917
M, gold, $8 0 , 0 0 0 .................jln t. at International Tr. Co., Boston, Trustee
Bridgewater Whit & Rock,] 1897 5 g M-N
85,000 Nov 11917
1st mtg, gold. $1,000 __ c* jln t. at American Trust Co., Boston.
Rockland & Ablngton, lstl 1895
6 g M-N
100,000 May 1 1915
mtg, $100,000, gold___ c ’ jln t. at Old Colony Tr. Co., Boston. Trustee.
West Roxbury & Roslindale St. Railway Bonds.
D a te .
In terest.
O u s ta n d ln g .
M a tu r ity .
1st M, $150,000. g, s f ($500), 1 1896
5 g M-S
$125,000 Sept 11916
red at 103 afterSep 1 '01_c*Jlnt. at Intemat. Trust Co., Boston, Trustee.
Norfolk Central 1st m tg.f 1898 5 g J-J
40,000 July 1 1918
gold, $100,000.....................
(Subject to call after July 1 1903.)
lint, at Intemat. Trust Co., Boston, Trustee.
Norfolk Suburban, 1st mort-) 1894
5 J-J
51,000 July 11914
gage ------------------------------ jln t. at Intemat. Tr. Co., Boston, Trustee.
Stock, a n d B o n d s .— The pref. stock Is subject to call at 120.
Of the new
$10,000,000 Old Colony Street Ry. mtge., $4,394,500 are reserved for prior
liens. Remaining bonds can only be Issued for 50% of cost of addi
tions and Improvements. These bonds are not subject to call.
D i v i d e n d s . — On com., 1892 to 1898 incl., 6% ; In 1899, 8% ; In 1900,
8 M % ; In 1901, 6% : In 1902. 5% ; In 1903, 5% : In 1904, 3% ; In 1905. 2% ;
In 1906, 2% : In 1907, 4% ; In 1908, 4% ; In 1909, 5% ; In 1910, 6% .
ROAD.— Consolidated system owns and leases 408.2 miles of track (In
cluding 31 miles leased from Newport & Fall River St. Ry. and 26 miles
leased to Boston “ L” ) , comprising the lines of the Mass. Electric Companies
south of Roston. Operates 383.1 miles.
„
REPORT of consolidated companies (Including Newport & hall River)
for year ending Sept. 30 1910, gross, $3,292,943; net, $1,225,275; other In
come, $53,112; charges, $700,387; dividends, $497,211; surplus, $80,789.
V. 81, p. 1846; V. 82, p. 870; V. 86, p. 721; V. 88, p. 1373; V. 91, p. 1630,
1768.
(a) Newport & Fall River Street Ry.
ORGANIZATION.— Organized Jan. 1898. July 1 1900 consolidated
with Newport Street Ry. [las also consolidated with Newport Illuminat
ing Co. Embraces 20.59 m. 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 annum and Interest on bonds.
The Mass. Elec. Companies disposed of Its holdings In Feb. 1902.
Stock, par $100........................ ..........
j.j
$900,o o o 'se e te x t.
Newport & Fall River lstl 1898
5 F-A
240,000 Aug 1 1018
m ortgage----------------------- j American Trust Co., Boston, Trustee.
Consol mortgage, $1,000,000,1 1904
4H J-J
523,000 July 11954
gold ($1,000)
— c*&r/Int. at Am. Trust Co., Boston, Trustee.
Newport Illuminating Co 2 d j ___
6g
63,500 Oct 1 1925
mortgage, gold .................. [Central Trust Co., New York. Trustee.
B o n d s .— Of the new mortgage for $1,000,000, $354,000 are reserved to
retire prior liens and $123,uou are reserved for future additions at 50%
of cost. Not redeemable. V. 79, p. 213, 501, 1462.
,
of the Old Colony St. Ry. from operation of the Newport
& rail River St. R y. for year ending June 30 1910 were: Gross, $303,127,
net, $148,836; charges, $50,880; surplus. $97.956.— V. 86, p. 421.
BOSTON & WORCESTER ELECTRIC COMPANIES.
ORGANIZATION.— This Is a voluntary association organized under a
trust agreement dated Dec. 29 1902. Its property consists of the capital
stock and $300,000 "notes payable” of the Boston & Worcester Street R y.
It has Issued 33,936 4% cumulative preferred shares and 34,614 common
shares, no par value; but In case of liquidation preferred shares receive $100
each before the participation of common. In Jan. 1905 was listed on Bos
ton Stock Exchange. Stock was Increased to present amount by the Issue
In July 1906 of 6,000 shares common and 6,000 pref., which was offered to
shareholders at $105 for a block of $100 pref. plus $100 com. On July 15
1908 shareholders authorized a note Issue (see below). V. 87, p. 96. 165.
STOCKS AND BONDS— D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Coupon notes $600,000 goldl 1908
6 J-J
$300,000
July 1 1911
($1.000)---------------------- c*I City Trust Co., Boston, trustee.
A o t e s .— Notes are secured by deposit with trustee of a majority (11,636
shares) of Boston & Worcester St. R y. stock. Subject to call as a whole
on any Interest date at 102 and Interest. V. 87, p. 165.
REPORT.— For year to Sept. 30 1910 dividends received from B. & W.
St. Ry. stock, $30,375; miscellaneous income, $25,335; total Income, $55,
710; expenses, $2,613; dlvs., $33,936. Int. on 3-year notes, $18,000; surplus,
$1,161.
DIVIDENDS.— First dlv. on pref. stock, $2, paid July 1 1904; $2 Jan.
1905 and $2 July 1 1905. In 1906, $4. In 1907, Jan., $2; July, $2. In
1908, $4. In 1909, $2. In 1910, Jan., $1; none since.
OFFICERS.— Pres., William M. Butler; V.-P., A. E. Childs; Sec. and
Treas., George A. Butman.— V. 85, p. 1458; V. 86, p. 601; V. 87, p. 96,
165, 1532, 1604, IGG0; V. 89, p. 1662; V. 90, p. 1674; V. 91, p. 1764.
(1) Boston & Worcester Street Ry.— Trolley.
ORGANIZATION.— Incorporated In Massachusetts on Nov. 16 1901.
F r a n c h is e perpetual.
Owns a double-track line between Boston and Worces
ter and has purchased all franchises and property of the Framingham Union
St. R y., Framingham Southborough & Marlborough St. R y. and|the Marl
borough & Framingham St Ry
In March 1907 Mass. R R . Commission
granted right to do an express and freight business over entire line.
In Mch. 1910 Mass. R R . Comm, sanctioned an Issue of $437,000 stock
($297,000 out) for extensions. Improvements, &c., and $350,000 bonds for
Improvements and refunding. V. 89, p. 1346; V. 90, p. 625, 770. In
Feb. 1911 applied to Mass. R R . Comm, for auth. to issue $437,000 6%
cum. ($100) p r e f . stock (auth. by stockholders Feb. 2 1911), of which
$297,000 to be used to retire like amount of com. Issued In 1910 and re
mainder to fund lloatlng debt. V. 92, p. 394.
F a r e s .— In 1909 single fare unit raised from 5c. to 6c.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, ($100)..........................................................
$2,322,000jan 1910,1H
Bost & Wor 1st mortgage,$2,-1 1903 4H g F-A 2,260,000 Aug 1 1923
500,000, gold ($1,0o0)..c*/Interest at American Trust Co., Bos., TrusFram So & Marl 1st m tg ----- f ____
5
60,000 Jan 11919
, „
(Interest at American Trust Co., Bos., Trus.
Notes payable Sept. 30 1910_____________________ *300,000
____
* All held by B.& W.Electric Cos.
D iv id e n d s .— Paid 3% July 1904; also 3% semi-annually until Dec. 1908,
when 1 H% was paid. In 1909, June, 1 H% • In 1910, Jan.,1 H % ; none since.
REPO RT.— For year ending Sept. 30 1910, gross, $582,884; net, $239,
539; Int. and taxes, $170,308; dlvs., $30,375; surplus, $38,856.
HOAD.— Owns and operates 82 miles of track, a considerable portion
over private right of way, between Boston and Worcester, including an ex
tension to Natick. Ralls, 75-lb. Has 77 cars.
OFFICERS.— Pres., William M. Butler; V.-P.. A. E. Childs; Sec. and
Treas., Geo. A. Butman.— V. 86, p. 601; V. 87, p. 1418,1660; V. 89, p. 222,
1346, 1662; V. 90, p. 625, 770; V. 91, p. 869, 1628; V. 92, p. 394.
PUBLIC SERVICE INVESTMENT CO.
ORGANIZATION, &c.— Organized In Maine to hold and to deal In
stocks, bonds, notes and other securities. Stock $2,000,000 6% (Q.-F.)
cum. pref. (par $100), all out, redeemable at option of company at 115
and $2,000,000 common (par $100) all out (no bonds).
Owns the following securities: $350,000 Jacksonville Elect, com.; $750,
000 Pac. Coast Pow. stock; $100,000 Columbus (Ga.) Elec. pref-. $75,000
Tampa Elec, stock; $100,000 Houghton County Trac. com.; $ 1 5 0 , 0 0 0
Galv.-Hous. Elec. Co. com.; $150,000 Nor. Tex. Trac. com.; $63,400
Seattle Elec, com.; $490,000 Minn. Gen. Elec. com. and $500,000 Houghton
County Elec. Lt. com. See statement of these companies (except last two)
on subsequent pages,
Stone & Webster offered the stock In March 1909 In blocks of 10 shares
of preferred and 4 shares of common for $950. V. 89, p. 163.
D iv i d e n d s .— On pref. 1 H% quar. since Aug. 1909 to and Including Feb. 1
1911. On com., 1st d lv — 1 H % — Feb. 1 1910; Aug., 1 H % . In 1911,
Feb., 1 H % .— V. 89, p. 163; V. 90, p. 028; V. 92, p. 463.
BOWLING GREEN, OHIO.
LAKE ERIE BOWLING GREEN & NAPOLEON R Y — A trolley road
ORGANIZATION.— Incorporated In Ohio In 1902.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Common. $750,000, ($ 1 0 0 ).................................
$380,400 ................. ..
Pref. $250,000, ($100) 6% n-c..............................
250,000 ...................
1st M, $1,000,000, gold ($5001 1903
5 g M-N
231,000 Nov 1, 1933
and $1,000)___________ c*/In t. at Union Tr. Co., Detroit, Trustee.
B o n d s . — $756,500 bonds are reserved for extensions at $17,000 per mile
and $12,500 In company’s treasury. No sinking fund and bonds are not
subject to call.
EARNINGS.— For year ending Dec. 31 1908, $55,366; net, $35,498;
fixed charges, $22,346; surplus, $13,152.
ROAD.— Operates 20 miles of track between Bowling Green, O., and
Woodvllle; 40 miles additional projected, of which 4-5 mile completed and
right of way secured for about 12 miles. Standard gauge, 60-lb. T rail.
Connects at Bowling Green with the Toledo Bowling Green & Southern
Traction Co., at Pembcrvllle with the Toledo Fostorla & Findlay Ry. and
at Woodvllle with the Lake Shore Elec. Ry. Furnishes electric light and
power at Bowling Green, as well as hot water heating.
OFFICERS.— Pres., John R. Jones; V.-P. and Gen. Mgr., E. H. McKnlght; Sec. ,Chas. II. Draper: Treas B C. Harding.— V. 78, p. 769.
BRATTLEBORO, VT.
TWIN STATE GAS & ELECTRIC CO.
ORGANIZATION.— Incorporated In Connecticut on Aug. 26 1906 and
acquired the Brattleboro Street R y., the Brattleboro Gas Light Co., the
Dover Gas Light Co. (V. 83, p. 562), the Bennington Electric Co. and the
Hoosick Falls Illuminating Co. Control Is held by the National Light,
Heat & Power Co.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g
M a tu r ity .
Common, $1,500,000, ($100) _ ___
._
«1 250 000
Preferred, $250,000 ($100).......... ................. *
’ 250'()00 ...............
1st and ref M, $1,500,000, g) 1906
4H g A-O
8 7 6 !oOO Oct
1 1020
($500 and $1,000)---------c*/In t. at Knickerbocker Tr. Co.. N .Y ., Trustee
Dover Gas Light con mort-1 1905
5
155,000 Sept 1 1925
gage. $500,000 ................./U n io n Safe Dep. & Trust Co., Trustee
Union Gas & Elec, mortgage,! 1897
.................
250,000 Sept. 1 ’ 17
$250,000--------------------------/Union Safe Dep. & Trust Co.. Trustee.
Brattleboro Gas L Co mtg----- 1903
5
73 000 Feb 2 1923
Hoosick Falls Illuminating C o ) ..............................
75,500
1935
$150,000------------------------- (Knickerbocker Trust Co., N. Y ., Trustee.
Hoosick Falls Electric Co) ___________
65,000
1930
$75,000--------------------------- (Old Colony Trust Co., Boston, Trustee.
Bennington Water Power & ) .........................
64,000
1924
& Light Co $100,000------- (American Loan & Trust Co., Trustee.
Bennington Water Power &) ..............................
12,500
1929
Light Co $30,000------------ /Old Colony Trust Co., Boston, Trustee.
Bennington Electric Co $ 1 7 5 ,-)___
98,500
1935
000 _____________________ (Knickerbocker Trust Co., N. Y ., Trustee. ,
B R O O K L Y N R A P I D T R A N S IT
,
Maple'
Urovey
Cemetery',
SYSTEM.
SURFACE AN D
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RICHMONt
ELEVATED
L IN E S
A N D F R A N C H IS E S .
S u r fa c e R a ilr o a d s s h o w n t h u s _ — _
E le v a te d
««
“
“
F r a n c h i s e s s h o w n t h u s ________ ——_ .
fviLLE
yJpANARSlE
ELECTRIC RAILW AYS
PUSHING
"Cypress H ills
C e m e te r y S ' \
CORONA
I*land
r^Cemet&~u'' \S
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o f th e
E vergreen s,
NASSAU
\
NEWTOWN
CORONA.
*^HEJ 3HTS
^ 0 R A V Es E
' middle’
VILLAGB
ROAD
east^ :
IWILLIAMSBl
WINFIELD
HEIGH
HTS
IQFVJLlj
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.jV NINTU
FEB., 1911.1
J f
Scale of Miles.
Bonds.— Of the $1,500,000 new bonds. $462,000 are reserved for prior
liens and $162,000 for acquisitions, extensions and Improvements. No
sinking fund and bonds are not subject to call.
EARNINGS.— For cal. year 1910, gross, $310,200; net, after taxes
$146,393; Int., $76,726; surplus. $69,667. In 1909, gross, $302,732: net,
after taxes, $137,626.
, _
, .
,
ROAD.— Operates 5 miles of track In Brattleboro, In addition to gas and
electrlc-llght plants In Brattleboro and Bennington, V t., Hooslck Falls,
N. Y ., and Dover, N. II.
_
„
OFFICERS.— Pres., I. L. Meloon; Vlce-Pres., Wm. C. Pratt; Sec. and
Trees.. John F. Reilly.— V. 83, p. 499.
BRISTOL, CONN.
BRISTOL & PLAINVILLE TRAMWAY CO.— A trolley road. Also
furnishes electric light, gas, steam heat and power.
ORGANIZATION.— Organized Sept. 21 1893. A gas plant was com
pletcd In 1906. Franchises perpetual. In August 1906 a majority of the
stock was pooled for 5 years.
In August 1908 a stock dividend of 50% was declared, Increasing out
standing amount to $375,000. V. 87, p. 96, 414.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $1,000.000 (8 1 0 0 ).-----------------------------$375,000 1910-11 8%
1st mortgage $600,000, goldf 1905 4 J * g M N
400,000 Nov 1 1945
($500 and $1,000)..............(Interest at Bristol National Bank, Bristol.
(Treasurer of State of Connecticut, Trustee.
Bonds.— Are subject to call after 5 years at 102; after 10 years at par.
EARNINGS.— For years ending June 30.
Y ear—
R a ilw a y
G ross.
R a ilw a y
N e t.
G as & E lec.
In terest
I .tg .. N e t. & T a x es .
D iv id e n d s .
B a la n c e
1910
$96,869 $40,857
535,045
$26,392
$26,250
$23,260
1909 “ 'I I I 85,000
31,204
32,157
25,628
22,500
15,233
1008
87,570
30.660
27.044
23.589
15,000
19,115
ROAD.— Operates about 13 miles of track laid with 56 and 60-lb. T rail,
from Bristol to Plalnvllle, with branches to Lake Compounce and to
Terryville. Standard gauge, 29 cars, 3 snow plows and 1 work car.
O F F IC E R S.-P res. -Miles L. Peck; Y.-P. N. E. Pierce- Sec. and Treas.,
M. L. TltTany; Gen. Mgr., G. E. Cocklngs.— V. 81, p. 776; V. 87,p. 06,414.
BRISTOL, TENN.
BRISTOL GAS & ELECTRIC CO.— Trolley, gas and electric light.
In May 1910 II L. Doherty & Co.. N. Y ., secured control. V. 90, p. 1295
ORGANIZATION.— Organized In Va. In Mch. 1895. Has acquired the
Bristol Gas & Electric Co. (Va.) and Bristol Belt Line Ry. Co., all the stock
nd bonds of which company It owns. Franchises are perpetual.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock, $350,000 ($100).........................................
$3n0,000 ..................
1st mortgage $550,000 goldf 1909
5 J-J
425,000 July 1 1939
($500) and $1,000) ______(In t. at U. S. Trust Co., Washington, D. C.,
( trustee, and Nat. City Bank, New York.
Bonds subject to call on any lnt. date at 105 and lnt. $125,000 reserved
or additions, betterments. &c.— V. 90, p. 976.
EARNINGS.— For year ending Dec. 31 1909, for both companies (Dec.
partly est.), gross, $77,000; net, $33,000; lnt., $15,000; surplus, $18,000.
In 1908, gross. $74,358; net, $29,781; lnt., $14,144; surplus, $15,637.
ROAD.— Bristol Belt Line R y. (operated separately) operates about
5 miles of track.
OFFICERS.— Pres., II. L. Doherty; Sec., R. A. Brooks: Treas., N .D.
Bachman Jr.; Gen. Mgr., S. M. Van — V. 89, p. 1599: V. 90, p. 976,11295.
BROOKLYN, N. Y.
BROOKLYN RAPID TRANSIT— {See Map. page 17)
ORGANIZATION.— Organized Jan. 18 1896, per plan In “ Chronicle,”
V. 60, p. 1145, to succeed to the property of the old Long Island Traction
Company foreclosed, syndicate headed by the late ex-Governor Flower
having then bought control. Is not a railroad corporation, but was or
ganized under the Business Corporation law of New York to hold the stocks
and bonds of railroad companies and to aid In the construction and equip
ment of railroads. Franchises are perpetual.
ASSETS.—The following is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit system Feb. 1 1911.
Stock s
Entire capital stock Brooklyn Heights R R . Co. (par)- - - - - - - $200,000
Entire capital stoi.k Bkln. Q’ns Co. & Suburban R R . Co. (par). 2,000,000
Entire stock Sea Beach Ry. Co., par value...................................
OoO.OOO
84.997 shares out of 85,000 shares of the com. stock of the Nassau
Electric RR. Co., par------------------- ------------------- ------------- y
8,499,700
63.670.75 shares out of 65,000 shares of the 4 % cumulative pref.
stock of Nassau Elec. RR. Co., p a r . . . ----- - ---------------6,367,075
47,854.85 shares out of 50,000 shares of the 5 % non-cumulatlve
pref. stock of the Brooklyn Union Elev. RR. Co., par........... 4,785,185
125,300.31 shares out of 130,000 shares of the common stock
of the Brooklyn Union Elevated R R . Co., p ar....................... 12,530.031
Entire stock of Coney Island & Gravesend Ry. Co., p a r ...........
350,000
146,228
1,462.28 shares Brooklyn Rapid Transit Co., par— .................
Entire capital stock of South Brooklyn Ry. (
p
a
r
)
500, c0 >
9,800 shares out of 10,000 of the American Railway Traffic Co.
(owned by Transit Development Co.), par— ------------------980,000
Entire capital stock of the Transit Development Co., p a r .----500,000
Entire stock of the Canarsle R R . Co. (owned by the Transit
Development Co.), par_____________________ ' -------- --------250,000
500 shares of the Bridge Operating Co., par-------------------------50.000
$37,808,519
Bonds
_____
„
•
$2,000,000
♦1st M> 5 % bonds Bklyn. Queens Co. & Sub. RR- (p a r ).- ..
1st con. M Bklyn. Q’ns Co.& Sub. (owned by Bklyn. H t s C o .)..
50,000
♦1st mortgage 5% bonds Brooklyn City R R . (par)---------------- 1,627,000
♦Refunding gold mtge.. 4 % , Brooklyn City R R --------------------725,000
♦Gold 5% bonds Brooklyn Rapid Transit------------------------------30,000
Ref mtg 4% bonds Brooklyn Rapid Transit Co---------------------- 13,509,000
Ref mtg 4% bonds B. R. T. (owned by Nassau El. R R .)------ 1.709,000
2d mtg. 5% bonds Bklyn. Bata & West End Ry. (owned by
Transit Development C o .)------ -------------l.OOn
Consol mtg 4% bonds Nassau Elec R R ____________________ - - 1.109,000
Consol mtg. 4% bonds Sea Beach Ry. (owned by Nassau Elec.
RR. C o.)_______________
?2,50h
--------- $20,782,500
• The entire amount of B. Q. C. & Sub. RR. 1st 5s and Bklyn. City RR.
1st 5s; also $125,000 out of the $725,000 B. C .R R .ref. 4s held, and $25,000
out of the $30,000 B. R. T. gold 5s held, compose guaranty fund for per
formance of Brooklyn City RR. Company’s lease.
The Brooklyn City RR. Co. Is held under a 999-year lease dated Feb. 14
1893. guaranteeing all fixed charges, organization expenses, taxes and 10 %
dividend on $12 000,000 of stock. The lease Is nominally to the Brooklyn
Heights R R . Co., but the Brooklyn Rapid Transit Co. owns the entire cap
ital stock of the Brooklyn Heights Co
In 1898 the Heights Company
leased the Brooklyn Queens County & Suburban RR. The lease was re
newed year by year, rental being llxed charges, taxes and organization ex
penses. On July 1 1901 the B. Q. C. & S. began operating separately again.
On April 1 1899 the Heights Company temporarily leased the Nassau Elec
tric RR- Later permanent leases were made, but on June 30 1904 presuma
bly In consequence of a decision (V. 79, p. 102) compelling the Issuance of
transfers, the lease of the Nassau Electric R R . was canceled.
The Brooklyn Heights RR. In April 1899 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 but the leases of these companies were assigned In March 1907 to
South Brooklyn Rwy., which had been acquired by purchase In Feb. 1902.
V. 74 p 479. The South Brooklyn Rwy. owns the double-track road
(1 H miles) extending from New York Bay, near 38th St., Brooklyn, to 38th
St., near 9th Ave., Bklyn, and In June 1907 Increased Its stock from
___ ,
.
„
,
$150,000 to $500,000.
, . „
In Nov. 1905 purchased at foreclosure for $262,000 the road of the Brook
lyn & Rockaway Beach R R .. 3 H miles, from East New York to Canarsle,
and later organized the Canarsle R R . Co., with $250,000 capital, to operate
the road. V. 82. p. 1155. The entire stock of this company Is owned by
the Transit Development Co. Through elevated train service from the
Broadway Ferry adjoining the Willlamsburgh Bridge, to Canarsle was In
stituted July 30 1906. V. 83. p. 271; through service over the bridge to
Delancey St., New York, was put In operation on Sept. 16 1908, the con
nection from Broadway Elev. to Bridge structure having been completed.
On May 21 1904 the Brooklyn Heights Railroad Co. signed an agree
ment with the city for operation of trolley cars over rhe new Wil
liamsburg Bridge. See V. 78, p. 2013. 2386. Later the Bridge Operat
ing Co was formed, with $1UO,uOU capital, to operate local service on the
bridge. See V. 79, p. 626. Through surface cars are operated over bridge
by Brooklyn Heights RR ., Nassau Elec. RR. and B’klyn Queens Co. & Sub.
RR. Surface cars began to cross this bridge In Nov. 1904. V. 79. p. 2084.
In Sept. 1909 cable line on Montague St. between Court St. and Wall St.
Ferry was replaced by trolley.
Decision in Suit Against Brooklyn City RR.— On Feb. 25 1910 Referee D
Cady Herrick In suit of Brooklyn Heights RR. Co. against the Brooklyn City
R R ., begun In April 1900, awarded Judgment for $1,740,258 principal, with
$1,616,680 Interest from April 1 1894. SeeV. 70, p. 841; V .80,p. 1174; V.90,
p. 558. Brooklyn City RR. has taken an appeal. V. 90,p. 625; V. 90,p.770.
Fending the appeal, Bklyn. City Ry. in July 1910 reduced Its div. to 2%
quar., 14 of 1% being retained quar. and set aside In a special fund to bo
returned to stockholders If not used In settlement of Brooklyn Heights Co.
claim. V. 91, p. 93.
„
_
, .. „
,
Extensions.— On April 6 1910 applied to Pub. Ser. Comm, and the Board
of Estimate for permission to use the proposed Canal St. Subway In Man
hattan, olferlng to run cars over the Manhattan Bridge through the pro
posed subway to West St., Manhattan, for a 5-cent fare. Application was
also made to build to the Brooklyn end of the Manhattan Bridge and op
erate a 3-cent service over the bridge similar to arrangements now In effect
on the Brooklyn and Williamsburg bridges. V. 90, p. 976. On April 12
1910 the Brooklyn Union Elev. applied to the Pub. Ser. Comm, to operate
Its cars over the Manhattan part of the bridge loop subway from the Man
hattan terminus of the Williamsburg Bridge to the Brooklyn Bridge.
V. 90, p. 1044. In June 1910 the Commission rejected the terms of the
company's offer and held that the yearly rental should be based on the
basis of an estimated cost (for the portion to be used) of $7,500,000 Instead
of an assumed cost of $4,000,000. On Dec. 19 1910 applied to Pub.Serv.
Comm, to use the two easterly tracks in the Centre St. subway loop be
tween the Willlamsburgh Bridge and Canal St. for trolley car operation,
and the two westerly tracks between the Willlamsburgh Bridge and Brook
lyn Bridge for its elevated roads. V. 91, p. 1710. On Jan. 10 1911 made
a dual proposition to the Pub. Serv. Comm, to operate the 4th Ave. Sub
way In Brooklyn and to four-track the Brighton Beach Line. Sco details
of proposition In V. 92, p. 117.
Valuation of Property.— In Dec. 1909 Blon J. Arnold, Consulting Engineer
of the Public Service Com., In hearings on the application pending before
the Commission to reduce fare to Coney Island from 10 to 5 cents, estimated
the valuation of the physical property of the company. Including per
centages for contractors’ profits, Incidentals, &c., as $100,705,689; value of
non-operative property, $2,511,099; total cost of reproduction alone, $103,
216,789. (V. 89, p. 1595.) In this real estate has been taken at Itsasscssed value, and Mr. Arnold thought that, allowing for this and other Items,
the total might be brought up to approximate the capitalization of the co.
Special Franchise Tax Reduced.— For decision allowing for obsolescence
In ilxlng special franchise tax, see V. 91, p. 1511.
Express Matter.— On Jan. 1 1909 the contract with the American Express
Co., under which the latter company had been using the Brooklyn Rapid
Transit system for distribution of express matter, expired, and was not
renewed. V. 88, p. 157.
Damage Suits Against Line in Union Street.— On May 2 1910 the Court
of Appeals at Albany affirmed Judgments In favor of property owners claim
ing Injury from the construction of the trolley line In Union Street. V. 90,
p. 1238.
The Transit Development Co. was organized In April 1903 under tho
Business Corporation law, with $25,000 capital, and Is owned exclusively
In the Interest of the Brooklyn Rapid Transit Co. It Is authorized to
manufacture and sell power and to do general contracting work. On
March 1 1907 special arrangement was made by which the concern furnishes
power and takes charge of the maintenance and repair of all the railway
properties In the Brooklyn Rapid Transit system, Including their equip
ment. V. 84, p. 569. In June 1907 capital stock was Increased to $500,000.
Tne American Hallway Traffic Co. was Incorporated In Jan. 1904 with a
capital of $1,000,000 (of which $980,000 Is owned by the Transit Develop
ment Co.) for the purpose of hauling and disposing of city’ s ashes and refuse.
Contract with city expiring Dec. 27 1908 was not renewed and company
will be dissolved. In Feb. 1911 was In process of dissolution.
Division of Territory with Long Island RR.—At an Investigation by tho
Public Service Commission In Nov. 1907 It developed that on April 1 1899
an "agreement of alliance” had been entered Into with the Long Island
RR. for division of territory. “ Long Island territory” Is described as
part of Queens County and the counties of Nassau and Suffolk, while
Transit territory” Includes all of Kings County and part of Queens.
Besides this, there Is neutral territory consisting of College Point, Flushing,
Jamaica and the Islands In Jamaica Bay, Into which neither may enter
without the consent of the other.
Re-Classification of System Lines.— Owing to the opinion of the Court of
Appeals In Its decision upholding the right of the Brooklyn Heights RR. to
charge 10 cents fare to Coney Island, to the effect that Article IV of tho
Railroad Law relates only .to street surface railroads and that different
provisions govern elevated and steam surface railroads, a rc-classlflcatlon
of the roads of the system was made In March 1907 so as to limit the func
tions of each railroad to the operation of Its own character of railroad.
Accordingly the Brooklyn Union Elevated now operates only the elevated
roads and the street surface railroad corporations operate street surfaco
roads only. As part of this arrangement the leases of the Brooklyn Union
Elevated R R .. the Sea Beach Ry. and the South Brooklyn Ry. to the
Brooklyn Heights RR. were terminated. The leases of the Prospect Park
& Coney Island R y., the New York & Coney Island R y., the Prc pect
Park & So. B’klyn Ry. were assigned to the So. B’klyn R y. V. 84, p. .. 69.
Transfers and Fares.— For decisions as to transfers, see V. 79, p. 221,'.
2587. Also see V. 82, p. 1323. In Aug. 1907 the Appellate Division of the
Supreme Court In Brooklyn held that cumulative penalties could not be
collected for refusal to Issue transfers—see V. 85, p. 404. In June 1906
transfer system was greatly extended. For decision as to expired franchises,
see V. 82, p. 1101. In Dec. 1908 Public Service Commission dismissed
a complaint to reduce the fare to Flushing from 10 to 5 cents. V. 87, p. 1604
In Aug. 1906 the company’s right to charge a 10-ccnt fare to Coney Island
was disputed and riotous proceedings resulted. See V. 82, p. 379, 435, 686
In Jan. 1907 Court of Appeals sustained the company’s contention as to the
legality of the 10-ccnt fare. See V. 84, p. 101. On May 23 1908 Gov
Hughes vetoed a bill which, though general In form, was Intended to provide
a 5-cent fare from Manhattan to Coney Island. V. 86, p. 1342. On
Mch. 8 1910 Pub. Ser. Comm, also upheld the 10-ccnt fare to Coney Island
V. 90, p. 696.
Mortgages of Constituent Companies to Secure Advances by Brooklyn Rapid
Transit.— In May 1907 the New York State R R . Comm, consented to tho
Sea Beach R y., the Canarsle R R . and the South Brooklyn R y. making
mortgages of $2,000,000, $2,000,000 and $4,000,000 respectively to secure
certificates of Indebtedness Issued by those companies to the Brooklyn
Rapid Transit for moneys advanced for additions, betterments, <Scc. In
June 1007 Brooklyn Union Elevated authorized a mtge for $20,000,000
and the Nassau Electric for $5,000,000 for same purpose: but In July 1908
Public Service Commission denied application for the approval of these lat
ter two mortgages. See particulars V.87, p. 224. No bonds will be Issued
under any of these mtges., which are created simply to secure the certificates
of Indebtedness as Issued from time to time. The certlllcates cannot bo
Issued at less than par and are deposited under the Brooklyn Rapid Transit
first refunding mtge. V. 84, p 1181. 1246. 1550.
SECURITIES OUTSTANDING FEB. 1 1911.
STOCK AND BONDS. Outstand’g. Interest.
Maturity. Ann. chges.
Stock $45,000,000 ($100).$45,000,000
Q-J
A p r’ l l ,lM %
Brook Rap Tr first ref)z33,078,000 4 g J-J
July 1 2002 $1,323,120
mtge(1902) $150,000,-) Central Trust Co., New York. Trustee.
000 g o ld --.'.........c ’ &rj Coupon bonds, $1,000; registered, $1,000, 5,000.
Brook Rap Tr gold Ml
7,000,000 5 g A -0
Oct 1 1945
350,000
1805 $7,000,000— c*J d Interest at Trust Co. of Ainer., N. Y ., Trustee.
Brooklyn City R R —■
Refund mtge 1906 $6,-1
£725,000 4 g F-A
Aug 1 1956
£29,000
925,000 ($1,000)----- JLong Island Loan & Trust Co., Bklyn., Trustee.
First consol M 1891. . .
1)4,373,000 5 J-J
aJuly 1 1941
218,650
New W & Flat 1st M_.
200,000 4 ^ F-A
July 1 1941
9,000
Brooklyn Heights R R ]
250,000 5 A-O
April 1 1941
12,500
first mortgage 1891 - - jf People's Trust Co., Brooklyn, Trustee.
Brook Queens Co & Subl
e 3,500,000 5 g J-J
‘ July 1 1041
175,000
first mortgage 1894J Guaranty Trust Co., New York, Trustee.
First cons M guar p & it
2,884,000 5 g M-N *Juiy 1 1941
144,200
(end.)$4,500,000’04/ Central Trust Co., New York, Trustee.
Jam * B RR flrstl
240.000 5 g J-J
Jan 1 1930
12,000
mortgage 1889___ ] Central Trust Co., New York, Trustee.
STOCK AND BONDS— Outsland’g. Interest. Maturity. Ann'l Chges.
Expenses—
1909-10.
1908-09.
1907-08.
Sea Beach Ry flrst mortl
*650,000 4 k M-S
Sept J 1916
*26,000 Maintenance of w a y .................t ____ *1,309,719
*1,194.014 $1,020,104
guaranteed 1896____ JW. M. Grlnnell, VV. O. Platt A Wm. Man, Trust.
Maintenance of equipment_________
2,068,271
1,690,916
1,837,550
Brooklyn Union Kiev 1st!
16,000,000 5 g F-A
Feb
1 1950
800,000 Operation of power plant................... 1,498,712
1,596,759
1,653,728
mortgage 1899, guar.)Interest at Central Trust Co., N. Y ., Trustee.
Operation of cars................................. 5,061,150
4,812.556
4,979,757
Kings Co Kiev llrst mortl
7,000,000 4 g F-A
Aug 1 1949
280,000 General expenses---------------689,522
676,666
651,669
*7,000,000 gold (*1,- 1Interest at Central Trust Co., N. Y ., Trustee.
Damages and legal expenses...............
921,538
1 , 129,396
1,242,361
000) guar 1899_____cj
174,289
138,645
I-relght, mall and express expenses..
190,885
Nassau El HR Co cons Ml 11,456,000 4 g J-J
Jan
1 1951
458,240 American Ry. Traffic Co. expenses..
3,192
155,703
363,525
bonds (*1,000) c*Ar) Guaranty Trust Co.. New York, Trustee.
Taxe s ........................................
1,454,213
1,337,620
930,007
*15,000,000.........1898J Bonds guar by end by Brooklyn Heights RR
660,000 ' 5 H
A-O
April
1 1944
33,000
.............
First mortgage bonds!
Total- - : ..............................................*13,180,606 *12,732,275 *12,869,586
Hamilton Trust Co., New York, trustee.
1894 .........................J
112,050 £f.et .ear.nlnSsAtlantic Ave general) C2,241,000 5 g A-O April 1 1931
- - ............................... $8,265,751 $7,568,004 $7,678,804
Brooklyn Trust Co., Trustee.
mortgage gold 18911
5,631,395
5,604,931
Fixed charges (net)------------------------ 5,654,156
220.000 5 g J-J
Jan 1 1934
11,000
Atlantic Ave Improvl
*220,000 gold 1894.J Central Trust Co., New York, Trustee.
Surplus------- . . . -------- - - - - ----------- *2,611,595
*1,936,609 *2,073,873
250.000 5 A-O
Jan 1 1917
12,500 Special appropriations and mlsc_____
108,560
65 430
??9 781
0B B & W E first mortl
Title Guarantee A Trust Co., Trustee.
Dividends .................................( 4 A %)1.906,286
(2)897,076
...
Ser B .................. - - /
___&...W E __
52,000 5 J-D
June 1 1911
2,600
0B B
2d mort\,
gage-_____________ j Title Guarantee & Trust Co., Trustee.
B alance...........- ................................
*596,749
*974,103 *1.844,092
B B & W E general!
121,000 5 g A-O Oct 1 1933
6,050
OFFICERS.— Pres., Timothy S. Williams; Chairman of Board A N
gold, 1893________ / Franklin Trust Co., New York, trustee.
Brady; V.-P. and Treas., C. D. Mencely; V.-P. and Gen. Mgr., J F 'calderwood; Sec., J. H. Bennington; Comp., Howard Abel. Offices, 85 Clinton
Rental payments in addition to payment of fixed charges—
St., Brooklyn.
Brooklyn City RR stock *12,000,000 10% Q-J 15, 999 years.. *1,200,000
IN DEX.— V. 87, p. 224, 612, 621, 1604; V. 88, p. 157, 293 374- V 89
Prosncct Park A Coney Island R R ., yearly re n ta l.....................
45,000 p. 526, 777, 1481, 1595; V. 90. p. 166, 302, 502, 558, 625. 696. 770 786
976, 1044, 1238, 1295; V. 91, p. 516, 529, 1511, 1710; V. 92. p. 117, 259, 3 94 !
* Subject to call July 1 1916.
COMPANIES CONTROLLED BY BROOKLYN RAPID TRANSIT CO
a Subject to call In 1916.
0 Subject to call at any time.
(1) Brooklyn Union Elevated RR.— Formerly a steam road, now electric
c Atlantic Avenue general mortgage 5s of 1931 were subject to call In
ORGANIZATION.— Organized on Jan. 30 1899 as successor of the
1909, but many of them (how many Is not known) have been stamped
Brooklyn Elevated RR. and its allied lines per plan In V. 64, p. 609
Em
releasing them from the liability to call.
d The Central Trust Co. of New York was trustee of this mortgage until braces the Kings County Elevated R R ., reorganized according to plan In
Oct. 1903, when the Colonial Trust Co. (since consolidated with the Trust V. 68, p. 724, the Sea View RR. and the Brooklyn A Brighton Beach RR
In Feb. 1911 the Brooklyn Rapid Transit owned *12.530,' 31 common
Co. of America) was substituted.
and *4,785,485 preferred stock of the Brooklyn Union Elevated
e Includes $2,000,000 held by Brooklyn Rapid Transit Co.
Lease.— Leased to Brooklyn Heights RR. for 990 years from July 1 1901x Entire amount owned by Brooklyn Rapid Transit Co.
the lessee agreed to pay organization expenses, taxes and fixed charges, and’
y Not Including *1,627,000 owned by B. R . T. system.
as rental all net earnings, such net earnings not to be less than *1 50,000 per
z Not Including 515,218,000 owned by I). R. T. system.
annum
the flrst three years, *200,000 the next two years and *250,000 per
Stock— In the reorganization of L. Isl Trac the old *30,000,000 stock
thereafter. Lessee also agreed to guarantee, principal and Interest,
paid an assessment of *10 per *100 share, the old stock being reduced to annum
all
bonds
the Brooklyn Union and Kings County Elevated RR. com
* 20 ,000 ,000 , and *7,000,000 of 5% bonds being authorized, against panies, theofguaranty
to be stamped upon the bonds upon presentation. In
*3,000,000 of Long Island Traction.
Feb. 1902 began stamping bonds with guaranty. Certain days each month
Dividends.— First dlv., 1 % . paid April 1 1909: July. 1% ; Oct., 1% . In are designated for stamping. See V. 92. p. 117. In March 1907 lease u-as
1910, Jan., 1%; April, 1%; July, 1 H % ; Oct., \ 'A%. In 1911, Jan., 1M % ; terminated, but the lease guaranty remains unimpaired. See V. 84, p. 569.
April, 1 'A % .
In June 1907 a 10-year mtge.for *20.000,000 was authorized, nut In duly
Interest on Bonds, Where Payable.— Interest on the Brooklyn Rapid 1908 Public Service Commission refused to approve mtge. See V. 87, p.224.
Transit mortgage of 1902 for *150,000,000 and the two Elevated Issues Is The mtge. was simply to secure certificates of Indebtedness given to the
payable at the Central Trust Co.; on the B. R. T. Issue of 1895 at the B. R. T. for moneys advanced from time to time. V. 84, p. 1181, 1246, 1550
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity Ar.
Trust Co. of America; on the Brooklyn City R R . refunding bonds at com
_______ *13,000,000 D ec’ 10,2 %
pany’s office; on the Nassau Electric bonds, Including Atlantic Avenue and Com stock, *13,000,000,(*100)____
_______
5.000.000 Dec’ 10,2V£%
West End Issues, at the Trust Co. of America: on the Brooklyn Heights flrst Pref stk. 5 % n-C, *5.000,000.1 ____
(* 100) ____ ________ _____ r
mwtgagc at the People’s Trust Co., Brooklyn; on the Brooklyn Queens
5 g F-A
16,000.000 Feb 1 1950
County & Suburban mortgages and the Jamaica A Brooklyn flrst mortgage 1st M. *16,000,000, g, 4 % ) 1899
till '05, then 5 % (* 1,0 0 0 )I n t e r e s t at Central Trust Co., N. Y ., Trustee.
at the Long Island Loan A Trust Co., B’ klyn; and on the Sea Beach 1st mtg.
Kings County Elevated 1st Ml 1899
4 g F-A
7,000,000 Aug 1 1949
at the Sea Beach Ry. offlcc,*85 Clinton St., B’klyn.
gold, *7,000,000 (SI ,000)c*j Interest at Central Trust Co., N. Y ., Trustee.
Mortgage for *150,000,000.— Stockholders authorized March 20 1902
Both issues of bonds are listed on N. Y. Stock Exchange.
flrst refunding 4 % gold convertible bonds for *150,000,000.
*59,ROAD.— The Brooklyn Union embraces 62.796 miles of elevated track
356,000 Is Intended to retire all the existing bonds of the system (Including and 34.004 miles of surface track. Total, 96.80 miles. The New York A
tho *7,000,000 Brooklyn Transit 5s), and the rest for Improvements, Brooklyn Bridge has 7.264 miles of track In addition.
additions and new acquisitions, as needed from time to time. The mortgage
On July 1 1898 the operation of the Bridge railroad was commenced.
provides that a fund of *5,000,000 In bonds or their proceeds be at all times
terms of contract In V. 67, p. 27, 426. In April 1898 an agreement
at the disposal of the company for the purposes mentioned. Sec V. 74 See
was made with Long Island R R . providing for Joint construction of connect
p. 377. As this fund Is reduced for any of the purposes authorized,more ing line at East New York and running of through trains from Jamaica to
bonds may be authenticated by trustee and delivered to the company on Brooklyn Bridge and from Rockaway Park to Broadway ferries
Con
Its order. These bonds can be converted Into stock, par for par, before
begun In Nov. 1898 and work completed In Feb. 1899
V 67
July 1 1914, and are subject to call on any Interest day until year 2000 at struction
p
.1054.
On
May
30
1903
through
service
by
elevated
trains
(not
Long
110 and Interest; after that at par and Interest. See listing applications In
RR. trains) from Broadway Ferry to Jamaica was InauguratedV. 81, p. 1856, 1857, for list of securities pledged for the bonds; also listing Island
In Nov. 1903 the Board of Aldermen passed an ordinance prohibiting
applications In V. 82, p. 517; V. 83, p. 1122; V. 85. p. 1523; V. 86, p. 923, but
the
operating
of electric trains on Jamaica Avenue, and the next month
and V. 90, p. 786.
service was discontinued.
Bonds.— Of the *7,000,000 50-year gold 5s of the Brooklyn Rapid through
DIVIDENDS.—
The flrst dividend of 2 % on the preferred stock was paid
Transit, *3.000,000 went to stockholders for the assessment. For descrip June 29 1901; In 1902,
3% ; In 1903, 3% ; In 1904, 3'A % : In 1905, 4 % ; In
tion of property covered by the mortgage, see V. 62, p. 1138. See also 1906, 4 H % : 1907 to 1910
Incl., 5% per ann. On com.— 1st dlv.— 5% paid
application In V. 67, p . 904.
June
10
1910;
Dec.,
2H
%Brooklyn City RR. mortgage of 1891 Is for *6.000,000 and Is a flrst Hen
ANNUAL REPORT.— For year ending June 30 1910, gross, *7,737,843;
on the old Brooklyn City road and a consolidated lien on the lines acquired net,
*3,672,924;
oth.
Inc.,
*124,262:
charges, *2,455,573: sur., *1,341,613.
by consolidation In 1890. Of the *6,000,000 Issued, *4,373,000 are In the
OFFICERS.— Pres., John Englls; V.-P., T. S. Williams and J. F.
hands of the public and the balance Is held In the guaranty fund.
Comp., Howard Abel; Sec. and Treas., C. D. Meneely.— V.
Stockholders of Brooklyn City RR. July 10 1906 authorized a new mort- Calderwood;
77, p. 2389; V. 79, p. 268; V. 84, p. 1247; V. 90, p. 1295.
agc for *6,925,000 to provide for refunding. V. 82, p. 1437. These
(2) Nassau Electric Railroad,— A trolley road.
onds are subject to call after July 1 1915 at 110 and Interest.
The total authorized Issue of llrst consolidated mortgage gold 5s of the
ORGANIZATION.— Chartered March 13 1893 under the laws of New
Brooklyn Queens County & Suburban RR. Is *4,500,000, of which *1,616,- York. Opened In July 1895 and In April 1896 leased the Atlantic Avenue
000 aro reserved for extensions, on which they will be a flrst Hen. Of the R R ., Ac. As stated above, the Rapid Transit Co. owns *8,-!99,700 out of
*2,884,000 outstanding, *2,255,000 In 1898 were endorsed with theguaranty the *8,500,000 common stock of the Nassau Electric and *6,367,075 out
of the Brooklyn Heights RR. Co. as to principal and Interest, and In Jan. of the *6,500,000 preferred stock.
1899 provision was made for guaranteeing the remainder of the payment of
Lease.— Was formerly leased for 999 years from April 1 1900 to Brooklyn
*10 per bond. Both B. Q. C. & S. loans are subject to call In 1916.
Heights R R ., but colncldently with a decision compelling the Issuance of
The Sea Beach R y. 1st 4s also are guaranteed as to principal and Interest transfers from one leased line to another (V. 79, p. 102) the lease was ter
by the Brooklyn Rapid Transit Co. V. 65, p. 1219.
minated on June 30 1904. For still another decision as to transfers, see
The Nassau Electric bonds arc guaranteed (by endorsement on each bond) V. 82. p. 1323; also V. 85, p. 404.
by the Brooklyn Heights RR. Besides covering the mileage directly owned
The assets of the Kings County Traction Co. were purchased at public
they are a Hen by a supplemental agreement upon the stock of the Coney sale In July 1898 by the syndicate conducting the consolidation. V. 67,
Island A Gravesend Ry. and the Sea Beach Ry. and will become a direct P- 74. 125. Certificate of merger of Atlantic Avenue R R . and United R R .
Hen on these lines should the latter become merged In the Nassau Electric. (the latter being successor to the Brooklyn Cable Co. sold at foreclosure
Of the total of *15.000,000 bonds authorized, the unissued remainder Dec. 23 1897) was filed on Jan. 26 1899. V. 68, p. 283,821.
(*3,544,000) Is for prior liens. See listing application In V. 72, p. 342.
In June 1907 a 10-year mortgage for *5,000,000 was authorized to secure
certificates of Indebtedness Issued from time to time to the Brooklyn Rapid
MILEAGE.—Tho system Includes:
lsf
2d
Sidings,
Total Transit for advances made for Improvements, Ac., but In July 1908 the
Name—
Track.
Track.
&c.
miles. Public Service Commission denied application for approval of mtge. V. 84.
“
Brooklyn Heights R R _____________ . 2.134
1.851
.301
4.286 p. 1181, 1246, 1550; V. 87, p. 224.
STOCK AND BONDS.
Date.
Interest. Outstanding
Maturity.
Brooklyn City R R _________________ .104.503
99.921
23.564 227.088
_________ *8,500,000
.
Brooklyn Queens Co. & Suburban RR. 29.617
28.026
60.866 Common stock *8,500,000___ . . . .
3.223
M-N
6,500,000 Nov ’ 15, 2 %
Nassau Electric R R ........................... . 65.4 96
9.388 138.781 Preferred 4 % cum *6 ,5 0 0 ,0 0 0 .-----63.897
Bonds.— For details see Rapid Transit statement above.
Sea Beach Railway________________ . 7.020
7.020
1.753
15.703
ROAD.— Embraces 138.781 miles of single track.
Coney Island & Gravesend R y _____ . 3.250
3.188
.348
6.786
Atlantic Avenue RR. (now part of Nassau Electric) owned the double
South Brooklyn R ailw ay ............... . 1.184
1.184
3.301
5.660
Prospect Park & Coney Island R R . . 9.401
8.460
7.802
25.663 track steam road (since converted to electricity) from Jamaica to Flatbush
Brooklyn Union Elevated R R .—
Avenue Station In Brooklyn. 9JJ miles (19 miles of track), which Is leased
Elevated lines...................................
28.483
5.802
62.706 for 09 years from June 1 1877 to the Long Island RR. Co., affording that
Surface lines..................................... . 7.648
7.648
18.708
34.004 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
Liti
Canarsle R R .—•
gation hni arisen with Long Island RR with r e f e r e n c e t-> u s e of A t l a n t i c
.
.738
.768
2.414
Surface lines____________________ . 2.414
.687
5.515 Avenue. Sec V. 74, p. 1139. In Oct. 1910 N. Y. Court of Appeals decided
that the city had the right to tear up rails.
Trackage on N. Y. & Bklyn. Bridge1.762
Elevated lines__________________ . 1.762
.231
3.755
DIVIDEND.— First dlv. on pref. under lease was paid Dec 31 1900, 4 %;
1.707
Surface lines__________ _____ ____ . 1.802
3.509 1901 to 1907 lncl., 4% per annum; In 1908, Nov., 2% ; In 1909, Nov., 2% :
Trackage on C. I. A Brooklyn R R . . 2.162
.573
2.735 In 1910, May. 2% ; Nov., 2% .
Trackage on Wllllamsburgh BridgeANNUAL REPORT.— For year ending June 30 1910, gross, *4,234,246;
Elevated lin es__________________ . 1.635
1.635
3.270 net,
*1,388,941; other Income. *132,392; charges, *1,199,956; surplus.
1.741
Surface lines____________________ . 1.741
.218
3.700 *321,377.
V. 72. p. 240. 339. 342: V. 82, p. 1323.
(3) Prospect Park & Coney Island RR.— A trolley road.
Total miles operated____________ .271.018 259.590
75.984 606.592
ORGANIZATION.— Controlled by Long Island R R ., but on June 17
EQUIPMENT, June 30 1910.— Closed cars, 1,112; open cars. 919; con
1899 the Brooklyn Rapid Transit Co took possession under a lease for 999
vertible. 671; semi-convertible. 757, miscellaneous, 460. Total, 3,919.
to the Brooklyn Heights RR. and equipped the road electrically.
REPORT.— The annual report for 1909-10 will be found In V. 91, p. 516. years
(V. 68, p. 1224; V. 69, p. 654.) In F> b. 1907 this lease was assigned to
Passengers carried during year ended June 30 1910 amounted to 560,438, the
South
Brooklyn Ry. V .84, p.569. Rental was *40,000 per annum and
773, an Increase of 39,280,176 over previous year This total .ncludes expenses until
1909, when amount Increased to *45,000. In consideration
151,279,806 transfers, against 141,326,128 the previous year
of a guaranty by Long Island R R .. annual Interest on the greater part of
INCOME ACCOUNT BROOKLYN RAPID TRANSIT AND CON Prospect Park A Coney Island’s bonded debt has been reduced from 6 and
STITUENT COM PANIES— YEAR ENDING JUNE 30
7 % to 4 }^ %. See V. 56. p. 42; V. 62, p. 187.
Receipts—
1909-10.
1908-09.
1007-08.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Passengers - ......................................... *20,477,145 *19,058,603 *18,930,164 Stock * 1 0 0 .......................................
.........
*250,000 ...................
Freight, mall andexpress.....................
272,140
254,643
315,719 Second mortgage now flrstl 1886
4 U F-A
340.000 Feb 1 1926
Advertising...........................................
157,645
155,860
155,204
(*1,000 each)............... c*Ari 1886
6 F-A
160.000 Feb 1 1926
American Railway Traffic Co............
...........
225,266
469,479 Third mortgage (now second)! 1891
4 H C M-S
96,000 Mch 1 1931
R ents.............................. - ................172,457
179,946
165,256
gold (*1,000 each)__ c*Arj 1891
6 M-S
104.000 Mch 1 1931
Other miscellaneousIncome-------------366,970
425,871
512,568 Interest on above mortgages payable at U. S. Mortgage & Trust Co., N. Y
Income bonds non-cum........... 1880
6 M-N
250,000 May 1 1920
Total...................................................*21,446.357 *20,300,270 *20.548,390 Bills payable June 30 1909___ _____
_________
430,500
§
OFFICERS.— Pres., Jos. B. Mayer, New York; V .-P ., J. C. Callscli; Sec.
ROAD.— Embraces 27.697 miles of single track, of which 21.797 miles
and Asst. Treas., P. C. Schutrum, New York; Treas., M. J. Dodge, Asst.
owned, 5.46 leased and .44 operated under trackage rights.
Sec.,
Jas. A. Byrne; Gen. Supt., R. R. Smith.— V. 86, p. 980; V. 88, p.
EARNINGS.— Now Included In those of Brooklyn Rapid Transit. The
Prospect Park & Coney Island received as rental from Brooklyn Heights In 293, 1001.
year ending Dec. 31 1909, $42,694: rental of buildings, $43,024; total, $85,
(1) Buffalo & Lackawanna Traction Co.
718; Interest, taxes, &c., $85,508: surplus, $210.
ORGANIZATION.— Incorporated In New York In June 1906 to furnish
CONEY ISLAND & BROOKLYN RR.—
an entrance Into Buffalo for Bullalo & Lake Erie Trac. Co. In April 1909
ORGANIZATION.— Chartered Dec. 10 I860. Cars commenced running was leased to Buffalo & Lake Erie Trac. for 999 years. In Mch. 1909 Public
over the Brooklyn Bridge Feb. 15 1898. See V. 66, p. 383.
Service Comm, approved mortgage for $1,500,000. Stock $100,000 (V. 88,
Brooklyn City & Newtown was leased In Nov. 1897 for 999 years, and In p. 748), all owned by Buff. & Lake Erie Trac. Co. Has universal transfers
1900 was merged Into the Coney Island & Brooklyn.
throughout city of Bulfalo through contract with International R y. Co.
On March 8 1910 and July 30 1910 Pub. Ser. Comm, sanctioned the Issues
Date.
Interest. Outstanding.
Maturity.
of $151,000 and $489,539, respectively, of 1904 consol, mtge. bonds for Im 1stBONDS.—
5 g J-D
$1,000,000 Dec.l 1928
mtge $1,500,000 gold----- / 1908.
provements, &c. V. 90. p. 697; V. 91, p. 336. Being unable to sell these
($1,000) guar----------------- clln t. at New York Trust Co.. Trustee.
bonds. Pub. Ser. Comm.Mn Jan. 1911 auth. the Issue of $500,000 notes (see
Bonds are subject to call on or before Dec. 1 1911 at 105 and lnt., and
below) secured by pledge of $625,000 of aforementioned bonds. V . 92, p. o9. thereafter
on or before Dec. 1 1913 at 110 and lnt. They have no sinking
STOCK AND BONDS.
Date.
Interest. Outstanding. Last dlv. ,*< fund. Remaining
bonds are reserved for betterments and extensions at
Stock $3,500,000 (par $ 1 0 0 ) . . ___
Q.-F.
$2.983,900 Feb 07, 2% 85% of cost. Bonds
are guaranteed, prln. & lnt., by Buff. & Lake Erie
First consolidated mortgage! 1898 4 g J-J
2 ,000,000 July 1 1948
$2,000,000 gold..................... f Mercantile Trust Co.. New York. Trustee. Trac. Co. V. 90, p. 235.
ROAD.— Is a double-track road about 4 1$ miles long. Began operating
4 g J-J
1,500,000 Jan 1 19o.>
Consol mortgage $10 000,000] 1904
Dec. 22 1909.
gold ($1.000).................... c*l Mercantile Trust Co.. New York, Trustee
6% F-A
24,000 Aug. 1. 11-14
Car trust bonds $30,000 ____/ 1908
OFFICERS.— Pres., Jos. B. Mayer; V.-Pres., A. T. Cole and J. C. Callsch;
— V. 86, p. 420. 480.
( Interest at Brooklyn Trust Co.
Sec., J. A. Byrne; Treas., P. C. Schutrum. V. 88, p. 293, 748; V. 90, p. 235.
Notes $5 0 0 ,0 0 0 ..................f 1911
6
t r ,500,^ 00v Ja“ „ \ 1914
1
Equitable Trust Co., N. Y ., trustee.
BUFFALO LOCKPORT & ROCHESTER RY.
Brooklyn City & Newtown] 1889 5 J-J
2.000,000 July
Reorganization— Change in Control.— In Jan. 1911 the Beebe syndicate
first mortgage $ 2 0 0 0 ,0 0 0 -/in te r e s t at Mercantile riu st Co. N. Y Iru s.
acquired control under reorganization plan, which. If carried through with
ReBondsa—oV’th^new "$To',o66,666 bonds. $4,000,000 are reserved for prior out foreclosure, will reduce the outstanding bonded debt to $2,750,000; can
liens and $4,500,000 for extensions and Improvements. No sinking fund cel all past-due coupons (first default Aug. 1 1909), Including probably the
one of Feb. 1911, and cancel all outstanding equip, notes. V. 91, p. 1710.
and bonds cannot be called. Notes are subject to call at 101.
ROAD — Brooklyn to Coney Island, with branches, 13.7o miles; Brook
ORGANIZATION.— Incorporated on June 22 1905 In New York. Is
lyn City ’& Newtown R R ., main line and branches, 10.38 miles; trackage a consolidation of the Albion Elec. Ry., the Albion & Lockport Ry. and
rights, 5.35 miles; second track and sidings, 24.18 miles; total operated, the Albion & Rochester Ry. In 1908 the Bulfalo Lockport & Roch. Rolling
Stock Co. was Incorporated, with $50,000 capital stock, and authorized
5 3F a r e s'— Beglrin! n
av 5 1901 fare to Coney Island on Sundays and holl- $200,000 notes, covering 15 lnterurban passenger cars and two express and
davs was increased From 5 to 10 cents. On Aug. 31 1908 fare on week days baggage cars, and $85,000 notes, covering 6 passenger cars, which will be
was aYso raked from 8 to 10 cents. V. 87, p. (It 3. On July 3 1909 Public come the property of the Railway Co. upon fulfillment of Its contract to
Service Comm, held that company Is justified In charging a 10-cent fare on meet In full prln.anil lnt.of notes; outstanding amounts reduced to figures
Saturdays Sundays and holidays, but that a 5-cent fare on other days Is below.
sufficient ’ No order, however, reducing fares was made. V. 89, p. 102.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
On Mch. 11 1910 the Appellate DIv. of the Supreme Court affirmed a de Stock,
$4,000,000 ($ 100) .......................... - ..............$4,000,000 .....................
cision dismissing a suit to collect a penalty for charging a 10-cent fare to
mtge, $4,000,000, g o ld ...1 1904
5 F-A
3,400,000 Feb 11954
Coney Island. V. 90, p. 771. On Jan. 10 1911 the Pub. Ser. Comm, dis 1st($1,000)---------------------c*)ln t. at Lincoln Trust Co., Trustee.
missed the complaint against the company to compel a 5-cent fare on all days B L & R Rolling Stk Co e q u
i
p
!____
5%
160,000
See text
except Saturdays, Sundays and holidays. V. 92, p. 117.
Series " A ” , $200,000__ J
DIVIDENDS.— In 1895, 6% ; In 1896,5%; In 1897, 6% ; In 1898 8t$% . B tr
L
&
R
R
Stk
Co
Ser
“
B”
.......................................
76,500
...................
V. 67. p. 955. In 1899, 10%; In 1900, 10%; In 1901, 13 1$%; In 1902,
$600,000 bonds are In treasury of company; they are subject
16%.; In 1903, 16%; In 1904, 16%; In 1905, 10%; In 1906,8 %; In 1907, to Bonds.—
call at 110 and accrued Interest on any Interest day, on three months’
Feb., 2% ; May dividend passed. None since.
notice,
after
Feb. 1 1914. The Series “ A ” equipment trust notes mature
REPORT.— For years ending June 30:
12 Mos.
Gross.
Net.
Oth.Inc. Int.taxes,Ac. Bal.sur. In Installments of $20,000 each; $40,000 have been retired.
EARNINGS.— For cal. year 1909, gross, $272,320; net, $91,234.
1009-10
$1,470,672
$458,841 $2,026
$369,090 $91,777
1908-09"
1,479,173
471,887 12,767
308,921 175,733
ROAD.— Operates about 55 miles between Rochester and Lockport.
1907-08’ ”
1.557,457
311,200 4,604
310.403
5,402 Ralls 70 to 80-lb.
.
OFFICERS.— Pres., S. VV. Huff; 1st V .-P., Wm. N. Dykman; 2d V.-P.,
OFFICERS.—
Pres., C. D. Beebe, Syracuse: 1st V.-P. and Gen. Mgr., J.
(vacant): Sec. and Treas., D. B. Cannon: Aud.. Elmer M. White.— V. 86, M. Campbell, Rochester;
2d V .-P ., F. A. Dudley, Buffalo; Sec. and Treas.,
p. 420, 479, 480, 917; V. 87. p. 613. 1159; V. 89, p. 102, 1068; V. 90, p. II. C. Beatty, Syracuse.—
V. 82, p. 1210; V. 89, p. 347; V. 91. p. 1710;
697, 771; V. 91, p. 336, 1629; V. 92, p. 59, 117.
V. 92, p. 321.
______
VAN BRUNT STREET & ERIE BASIN RR.— A trolley road.
BUFFALO SOUTHERN RY. CO.—A trolley road.
ORGANIZATION, &c.— Chartered Feb. 15 1861. Stock, $200,000, all
ORGANIZATION.— Incorporated In New York on Aug. 26 1904 and la
issued; par, $10. Bonds, $75,000 1st mtge. authorized; $31,000 out..
Track, 3 miles, changed to electricity In fll898. 15 cars. Gross, 1909-10 s consolidation of the Buffalo Hamburg & Aurora Ry. and the Buffalo
$45,388; net, after taxes, $13,109; other income, $590; Interest, $1,550; Gardenvllle & Ebenezer Ry. V. 79, p. 2146. Franchises perpetual. Has
rights In Buffalo over tracks of the International Traction Co.
balance, $12,149.
^
_
. trackage
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
OFFICERS.— Pres., John F. Murphy; V .-P., D. W. Sullivan; Sec. and Stock
$2,000,000
($100)______ ___
_______
$547,200
___ . _
Treas., Wyllys Terry. Office, 264 Van Brunt St.. Brooklyn, N. Y
1st mtge, $2,000,000, gold t 1904
5 g A-O 15
600,000 Oct 15 1934
($1,000)...........................c*(Int. at Seaboard Nat. Bank, N. Y ., or at
'Fidelity Trust Co., Buffalo, Trustee.
BUFFALO, N. Y.
BONDS.— No a. f., but from $50,000 to $100,000 bonds are subject to call
at
110
and
lnt.,
on
any
lnt.
date
upon 3 months’ notice. $1,400,000 bonds
BUFFALO & DEPEVV RY.— A trolley road.
reserved for future extensions and enulpment.
ORGANIZATION.— Incorporated on April 27 1897. The Investment
EARNINGS.— For year ending Dec. 31 1909, gross, $67,072; not,
Co. of Philadelphia owns about three-fourths of the stock and the entire $11,109; In 1908, gross, $62,134; net, $8,732.
$350,000 bonds.
.
, ,
. .. _ _ ,
ROAD.— Operates from Buffalo to Hamburg, East Hamburg and Or
In June 1907 Railroad Commission granted permission to the Buffalo chard Park 15)$ miles; also has a line from Buffalo through Gardenvllle
Genessee & Roch. R y. to build an extension from Depew to Rochester. and Ebenezer to Lien’s Park, ft
miles. An extension to East Aurora
Certain amount of grading completed, but no track laid up to Feb. 1911.
15 miles, Is under construction, 5}$ miles completed. 60-lb. T and 80-lb.
STOCK AND BONDS— Date.
Interest.
Outstanding. Maturity. girder
rail.
OFFICERS.— Pres., R. V. Mathews. New York; V .-P ., II. C. Lein, Gar
a n ~ ir r
S? ? » : K j ^ T i s s i
denvllle, N. Y .; Sec., II. M. Gear, Buffalo; Treas., N. A. Bundy, Buffalo;
Gen.
Mgr., Geo. F. Wells, Buffalo.— V . 86, p. 419.
L°E AI? n ¥n OS!—'year ending June 30 1910", gross, $16,950; deficit under
operation, $6,638; fixed charges, $19,420; total deficit, $26,058.
ROAD.— Operates a double-track road from Buffalo to Depew, 13.59
BUFFALO & W ILLI AMSVILLE ELECTRIC RY.
miles of track; 60-lb. rail; 5 cars.
_
ORGANIZATION.—Chartered Aug. 10 1891. In May 1904 capital was
OFFICERS.— Pres., Wm. L. Nevln; V .-P ., J. Ernest Richards; Sec. Increased from $75,000 to $3,500,000, and In July 1904 a new mortgage
and Treas., John J. Collier. V. 79, p. 2695.
for $3,500,000 was made to provide for extension to Rochester.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
BUFFALO & LAKE ERIE TRACTION C O — A trolley road.
Stock,
$3,500,000..................................................
$75,000 ...................
ORGANIZATION.— Incorporated In New York and Pennsylvania in
mtge, $3,500,000, goldl 1904
5 g J-J
127,500 July 1 1944
Dec. 1906 and Is a consolidation of the Hamburg Ry., the Dunkirk * Fre- 1st($500
and
$1,000)..............
(lnt.
at
Commonwealth
Tr.
Co., Buffalo, Trust
donla R R ., the Buffalo Dunkirk & Western R R ., the Lake Erie Electric
Bonds.—Arc subject to call on any Interest date at 105.
Traction Co. and the Erie Rapid Transit Co. Leases the Erie Electric
Motor Co. for 999 years, which company leases the Erie City Passenger Rv.
ROAD.— 4 Vi miles of track Buffalo to Wllllamsvllle. An extension from
for 999 years from Oct. 1 1888 and the Erie Reed Park & Lakeside Wllllamsvllle to Rochester. GO miles. Is contemplated; has been completed
St. R y. for 999 years from March 1 1901. In Feb. 1907 common stock to Batavia. Permission to build remainder has been granted by Railroad
was Increased from $4,250,000 to $5,000,000. V. 84, p. 506, 569. In Commissioners. Ralls 80-ib. T and 90-lb. grooved girder.
1909 leased the Buffalo & Lack. Tract. Co. for 999 years. V. 88, p. 1001.
OFFICERS.— Pres., L. L. Lewis Jr.; V.-P. and Gen. Mgr.. L. L. Grove;
Also owns ail the stock of this company, and guarantees the bonds. Also
owns all stock ($750,000, all out) of the Dunkirk Street Ry., which com Sec., Godfrey Morgan; Treas., S. R. Mann.— V. 84, p. 1306.
pany has a franchise In Dunkirk and has built about 5 miles of track.
TRACTIONAL CO. OF NEW JERSEY.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
ORGANIZATION.— Incorporated In New Jersey on Aug. 9 1905 and
$5,000,000
Common. $5,000,000
acquired $7,030,000 of the $10,000,000 common stock of the International
Pref, 5% , $2,500,000 cum
Traction Co. through exchange of stock— 100 shares of International stock
2,500,000
from July 1009 __________
5 g M-N
6 370,000 Nov 1 1936 for one share of Tractlonal Co. stock. A large amount of the $5,000,000
1st and ref mtge, $12,000,- 1906
000, g ($1,000)________c* (Interest at New York Trust Co., Trustee. pref. stock of the International Tract. Co. Is held by Interests Identified
Erie El M 1st mtge. $200,000] 1889
6 g J-J
148,000 Jan 1 1919 with the new company. See V. 81, p. 728. Authorized stock of new
($1,000), gold___ ______ c/Central Trust Co., trustee. New Yoik City. company $100,000, of which $50,000 Is outstanding (after having pur
Erie El M 2d mtge, $150,000] 1892
6 g J-J
102,000 Jan 1 1910 chased and cancelled Feb. 1 1909 $20,300 of Its stock). No bonds.
($1,000), gold-- _______e/Central Trust Co., Trustee, New York City.
OFFICERS.— Pres., Thomas Penney: Sec. and Treas., Arthur Robinson
Erie El M 1st ref sink fund] 1901
5 g A-O
1,000,000 April 1 1941 15 Exchange Place, Jersey City, N. J.— V. 81, p. 728.
$1,250,000, gold ($1,000). (Interest at New York Trust Co.. Trustee,
Cannot be c a lle d ..___ ,c*j New York City.
INTERNATIONAL TRACTION CO.— Trolley.
Hamburg Ry 1st mtge, $750,-] 1906
4 g M-N
650,000 Nov 1 1926
000, gold ($1,000)_______/ln t . at Trust Co. of America, N. Y., Trustee.
Default.— lnt. due July 1 1910 on coll, trust mtge. of 1899 was defaulted.
Dunkirk AFredonla 1st mtge,] 1891
5 J-J
40,000 July 1 1911 A bondholders’ committee has been formed, A. II. GUIard, Sec., 23 Wall St.,
$40,000--------------------------- /ln t . at Citizens’ Trust Co., Frcdonla, N. Y. calling for deposit of bonds with J. P. Morgan & Co. It is proposed to or
Dunkirk * Fredonla 2d mtge.] 1898
5 J-J
21,000 July 1 1911 ganize a new company owning some other railroad line which, by merger,
$21,000--------------------------- JInt. at Citizens’ Trust Co., Fredonla, N. Y. shall acquire the stock and property of International Railway Co. (subject to
Dun & Fred ref M, $100,000,1 1902
5 g J-J
39,000 July 1 1952 Its prior mtges.) and Issue a new mtge., consisting of two series, to mature
gold ($100, $500 & $1,000)/
Fidelity Trust Co.. Buffalo, Trustee.
not earlier than July 1 1949; Series I. 4% bonds, to be exchanged. S for $,
Bonds.—Of the $12,000,000 new bonds, $2,100,000 are reserved to take for old coll, trust 4s, Series II. 5 % bonds, for other purposes. See plan
up a like amount of underlying liens. These new bonds are subject to call on V. 90, p. 1675, and modification of plan, V. 92, p. 261. The coupons duo
lnt. date on or before N ov.l 1911 at 105 and lnt.; thereafter at 110 and lnt. July 1 1910 and Jan. 1 1911 have been purchased from holders of certlfs. of
Interest on the 1st and 2d mtges. of the Erie Electric Motor Co. Is paid by deposit In the Interest of the bondholders’ committee. V. 91, p. 945;
Kountze Bros., New York. The Erie Electric Motor ref. bonds are secured V. 92, p. 261. A committee opposing the aforementioned plan has been
by deposit of entire stocks of the Erie City Pass. Ry. aud the Erie Reed Park formed calling for deposits. V. 91, p . 38.
& Lakeside St. Ry. A sinking fund of 1 % annually on these bonds began
on Jan. 18 1899 under N. J. laws and
April 1 1906 and will be Increased to 1 '$ % In 1916. The Hamburg Ry. hasORGANIZATION.—Organized
acquired all the electric railways connecting the cities of Bulfalo, Niagara
bonds are subject to call on or before Nov. 1 1911 at par and lnt. The Falls,
Lockport, North Tonawanda anil Tonawanda. together with all the
Dunk. & Fred. ref. mtge. bonds are subject to call on any lnt. date at 103.
railway systems in all of said cities: also the electric railway connecting
ROAD.— Operates 81 miles of track from Erie through Northeast to street
villages of Depew and Lancaster with Buffalo. It also acquired the
Westfield, Including city lines In Erie. Also the Jamestown Chaut. & Lake the
Electric Railway, traversing the entire length of the Queen Vic
Erie from Westfield to Jamestown. 37
miles. Also 3 miles In Dunkirk Canadian
toria Niagara Falls Park and connected It with the American system by the
(owned by Dunkirk St. Ry.) and 4 miles formerly owned by the Dunkirk & acquisition
of the steel arch bridge nt Niagara Falls and the Suspension
Fredonla. Also 15 miles from Buffalo to Hamburg. Total track, 147 m. Bridge between
Queenston nd Lewiston, which bridges have been equipped
The gap between Hamburg and Dunkirk (about 33 miles), which completes with trolley tracks
On Oct. 30 1905 acquired the entire $80,000 capital
a through line between Buffalo, N. Y ., and Erie, Pa., was put In operation stock of the Electric City
Ry. In Jan. 1907 organized the Frontier Electric
In Dec. 1908. Enters Buffalo over tracks of the Buffalo & Lackawanna R y., to build a line to connect
with a proposed new bridge across the Niagara
Traction Co., which see below. Grand total of track, 172.72 miles.
River.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock, common. $10,000,000............................... $10,000,000 ...................
Pref, 4% cum $5,000,000.......... ..........................
5.000,000
..
.
Collateral trust, $30,000,0001 1899 4 g J-J
18,335.000 July 1 1949
($1,000), gold, c*. Inter-) Guaranty Trust Co., N. Y ., Trustee. May
est at J. P. Morgan & C o ..) be called at 110 and lnt. on any Int. date
Car trust certificates No. 1,1 1904 5%
$25,000
1911
Ca^trust certificates'No." 2 1 1900 4H J-D 15
380,0001910-1910
$600,000 ($1,000)______c'/Commerclal Trust Co., Phlla., Trustee.
Car trust certificates No 31 1907 0%
175,000
See text
$250,000.................. ......... .(Commercial Trust Co. Philadelphia, Trustee
Bonds and Stock.— Of the $30,000,000 collateral trust mortgage, 512,285,
000 were originally reserved to take up an equal amount of the underlying
bonds of the allied and controlled companies outstanding, and $020,000
of that amount has been Issued for that purpose, leaving $11,665,000
still reserved. Car trust certificates No. 2 are secured by title to 150 cars.
They fall due In semi-annual Installments of 530,000 each from Dec. 1906 to
June 1910 Inclusive. Car trust certificates No. 3 arc secured by title to 50
cars. They fall due In semi-annual Installments of 512,000 March 1 and
$13,000 Sept. 1 from March 1 1908 to Sept. 1 1917.
Franchises.— In June 1900 we were Informed that the majority ot the
franchises In Buffalo are practically perpetual, none In Buffalo or other cities
and towns having then an unexplrcd term of less than 40 years, ex
cepting only the Fillmore Avenue franchise, covering an extension of 6 M
m’llcs on the east side In Buffalo, which was limited to 25 years; also portions
of Franklin, Pearl, Genesee, W. Seneca, Morgan, and W . Chippewa Sts.;
extension ot Morgan St. or Elmwood Ave.. In the Terrace and College Place.
Consolidation or Constituent Companies.— On Feb. 20 1902 the Interna
tional Railway Company was Incorporated In New York with $10,120,500
stock, and In Aug. 1902 this was Increased to $17,000,000, of which $16,
320,500 has been Issued (all owned by the International Traction Co.), asa
consolidation of the following companies, whose shares had previously been
held by the Traction Co.; V. 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue A
Lancaster had first been merged In the same).
Buffalo <Se Niagara Falls Electric Railway.
Buffalo A Lockport Railway (after Elmwood Ave. and Tonawanda Elec
tric Railway had been merged).
Buffalo Tonawanda & Niagara Falls Electric R R . Co.
Lockport A Olcott Railway.
Niagara Falls A Suspension Bridge Railway (after the Niagara Falls
Whirlpool & Northern Ity. had been merged In it).
Niagara Falls Suspension Bridge Co.
The Buffalo Railway owned the $2,860,000 stock of the Crosstown Street
Ry. of Buffalo, and this passed to the International Railway Co.
On July 1 1902 the International Ry. Co. acquired by purchase the
Niagara Falls Park & River R y., the Clifton Suspension Bridge Co., the
Lewiston Connect. Bridge Co. and Qucenston Heights Bridge Co. This
leaves the Crosstown St. Ry. Co. of Buffalo, the Electric City R y., the
Frontier Elec. Ry. and Inter. Ry. Co. as the only operating companies, and
eventually (that Is, as soon as the $1,000,000 Buffalo Ry. debentures se
cured by $2,000,000 stock of the Crosstown St. Ry. are retired) the Cross
town St. Ry. can also be merged, thus leaving the International Railway
Co the Frontier Elec. Ry. and the Electric City Ry. the sole operating
companies and the International Traction Co. the holding company.
Liens of Constituent and Owned Companies.
Date.
Interest. Outstanding. Maturity.
BONDS__
Buffalo East Side 2d m tge— / 1882
6 M-S
$293,500 Sept 1 1912
lin t. Is payable at Company s office, Buffalo.
Buffalo Ry 1st con mtgef 1891
5 g F-A
4.706,000 Feb 1 1931
($l,000)$5,000,000,g, c* Ar{ Int. at C os. office, Buffalo, h. W. Clark A
(Co., Phlla., or Merc. Tr. Co., N. Y. Trustee
Buffalo Ry debentures,
$1,-11897 6 g A-O
1,000,000 April 1 1917
000,000 gold, red at 105[Metropolitan Trust Co., New York, Trustee
after April 1 1902 ($500 and I Interest at company’s office, Buffalo, of
$1,000) .............................. J Mercantile Trust Co., New York.
Buffalo Ry R E mtge.......(1 8 9 4
5 J-D 20
150,000 June ”0 1914
{
Can be paid at par on any Interest date.
aTonawanda Electric RR. 1st] 1895
4 A-O
40,000 April 1 1917
mtge ...................................(Interest at company’s office, Buffalo.
aTonawanda Street Ry
1st] 1892 6 J-J
60,000 July 1 1912
mtge, $250,000.................. /
Interest at company s office, Buffalo.
ftCrosstown St R y lst m tge.gl 1892
5 g M-N
62,974,000 May 1 1932
($3,000,000), gu p & 1__ c* /ln t. at Metropolitan Or. Co., N. Y. Trustee.
Buffalo Traction 1st rntgeA 1898 5 g J-D
673,000 Dec 1 1948
$5 000.000
.............../In t. at Metropolitan Tr. Co., N. Y . Trustee.
r 1897 5 J-D
215.000 June 1 1927
Buffalo Bellev A Lnn Mtge.f Redeemable June 1903 at 102, and H % less
l each year until at par.
Buff A Nlag Falls Elec Ry— \ 1895 5 g J-J
750,000 July 1 1935
1st M, $750,000, gold___ c /ln t. at Mercantile Trust Co., New York.
2d M. $250,000, g. s f, red\ 1896 5 g J-J
85.000 July 1 1921
after 1901 at 105 ($1,000)c/lnt. at Mercantile Trust Co., N. Y ., Trustee
Buffalo & Lockport 1st mtge,\ 1898 5 g J-J
500,000 July 1 1938
gold, $500,000.................... /in t. at Trust Co. of America, N. Y ., Trustee.
Lockport A Olcott Ry lsti
1900 5g J-J
800,000 July 1 1920
mtge, $1,000,000, gold) lnt. at Morton Tr. Co., N. Y., Trustee; also
($1,000)........ ................. c*l at Buffalo. Guar., p. A 1.. by Inter. Trac
Niagara Falls Suspension)
1897 5 g J-J
300,000 Jan 1 1928
Bridge, Clifton Suspension) Toronto General Trusts Co , Trustee.
B rid g e__________________I Int. at American Exeh. Nat. Bank, N. Y.
125,000 Oct 1 1928
Lewiston Connecting Bridge) 1808 5 g A-O
Co. Qucenston
Heights) Toronto General Trusts Co. Trustee.
Bridge Co.............................i Interest at American Exch. Nat. Bank, N. Y.
Nlag Falls Park A River lst\ 1893 5 J-J
600,000 Jan 2 1914
mtge, Canadian currency, ,/l n t . at Imperial Bank, Toronto, Canada.
a Nlag Falls & Susp Bridge R y
1893 4 J-J
518,000
1913
a Nlag FallsWhlrlpoolANo Ry
1894 4 J-J
22,500
1913
OFFICERS ot International Traction Co.— Pres., Thos. Penney: V .-P .,
Thomas E. Mitten; Sec. and Comp., W . C. Dunbar.— V. 87, p. 873. 1533
V. 88, p. 748, 879; V. 89, p. 1280, 1542; V. 90. p. 1675; V. 91, p. 38, 945:
V, 92. p. 261.
BURLINGTON, IOWA.
PEOPLE’ S GAS & ELECTRIC CO.
ORGANIZATION.— Owns all the stock, assets, franchises and good-will
of the Burlington Ry. ft Light Co. Franchise expires In Feb. 1927.
STOCK AND BONDS—
Date.
Interest Outstanding. Maturity.
$1,250,000 ...................
Stock, $1,250,000........ ............ ........................
Burl RyALt, 1st M, $750,000] 1897
5 g A-O
750,000 Oct 1 1917
($500, Ac), red at 105, g.c*/ Interest at American Trust Co.. Bos.. Trus.
Bonds.— Part of bonds are guar., p. AE, by end by People’s Gas A Electric
Co. of Burlington, and the latter has made a trust deed to secure the guar’ ty.
ROAD.—Total track 17 miles trolley. Including an extension to West
Burlington. 66 to 75-lb. T rail. Operates 22 motor and 25 trail cars.
OFFICERS.— Pres., G. H. Iltgbec; V.-P., E.fC. Walsh; Sec. and Treas.,
C. II. Walsh.— V. 64, p. 41, 468, 753; V. 68, p. 1022; V. 74, p. 1307.
BURLINGTON, VT
BURLINGTON TRACTION CO.— A trolley road.
AND BON DS—
Date.
Interest. Outstanding.
Maturity.
Stock, $200,000 (par $100)-----------Q-F
$200,000
See text.
Win A B Horse RR 1st M,1 1894
6 g J-J
150,000 Jan 1 1914
$150,000, gold ( f 500 and)
Not subject to call before maturity.
$1 000) _______________cj Interest at Burlington Trust Co., Trustee.
ROAD.— Owns 11 miles of track in city of Burlington. Ralls 50 and
60-lb. T. Owns 15 box cars. 18 open cars, 2 snow plows.
Dividends.— In 1903 and since, 6% per year; previously 4% .
Year end. June 30— Gross.
Net. Charges. Dies. Const.
Balance.
1909-10
...$119,015 $37,198 $12,631 $12,000 $1,750 sur.$10,817
1908-09"”
103,200 31,133 10,555 12,000 23,100 def.14,522
OFFICERS.— Pres., Ellas Lyman; V.-P., Jno. J. Flynn; Treas. W. F.
Hendee; Sec., C. W. Brownell.
_______ _
STOCK
BUTTE, MONT.
BUTTE ELECTRIC RAILW AY.— Trolley.
This company was Incorporated In West Virginia In December 1899 as
successor to the Butte Consolidated R y., sold at foreclosure.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock, $1,000,000 (par $100)----------M-N
?,cl 06i ’ 11
1st M, $700,000, gold, $1,000/ 1900
5 g M-S
700 000 Mch 1 1925
e a c h __________________c*\Int. at Mercantile Tr. Co., Boston, Trustee.
Bonds.— May be called for payment on Mch. 1 1915, or on any Interest
day thereafter. Sinking fund of 10 % par value ot bonds begins Mch. 1 1916.
Dividends.— In 1905, 4% ; In 1906. May, 2% ; Oct., 2% ; none since to
Feb. 1911—all earnings going Into construction.
ROAD.— Operates 34 miles of track. 56-lb. T rails; 62 motor cars.
EARNINGS.— Year end. Feb. 28 1910, gross, $465,010; net, $108,969.
OFFICERS.— Pres., W. A. Clark, Butte; V.-P., J. R. Wharton; Sec. and
Treas., J. II. Anderson, 49 Wall St., N. Y .— V. 72. p. 190.
CAIRO, ILL.
CAIRO & ST. LOUIS RY.
Incorporated In Illinois Oct. 1908 to construct a line from Cairo to East
St. Louis. Has a 50-year franchise In Cairo, Mound City and Mounds.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
.............
$100,000 ...................
Stock, $100,000................................
First mort. $250,000 gold cA r/ 1908
5 g M-N
250,000 Nov 1 1938
1Portland (Me.) Tr. Co., trus., AF. D.Lunt, Portl’d
Bonds.— Coupon bonds are In $1,000 pieces and registered In any desired
amount. Int. at Portland (Me.) Tr. Co. No s. f. and not subject to call.
ROAD.— 10 miles of track completed and In operation.
OFFICERS.— Pres., W. B. McKinley, Champaign: V.-P., G. F. Duncan,
Portland, Me.; Sec., E. A. Macnutt, Montreal, Can.; Treas., Edward Wood
man, Portland, Me.— V. 88, p. 2 9 3 . _____
CALAIS, ME.
CALAIS STREET RAILW AY.— A trolley road.
ORGANIZATION.— Stock, $100,000; first mortgage, 1898, 5s, J-J.
$100,000 due July 1 1918.
„ .
„
REPORT.— Year ending June 30 1910, gross, $29,661; net. $3,669;
Interest and taxes, $5,571; deficit, $1,902.
ROAD.—Calais Street Hallway, lower wharf to Upper bridge, Calais, 4
miles; St. Stephen Electric St. Ry.. Mllltown, 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. 9 cars.
OFFICERS.— Pres., George A. Curran; Sec., Charles F. Pray; Treas.
and Gen. Mgr., C. W. Young, all of Calais, Me.
CANTON, MASS.
BLUE HILL STREET RY.— A trolley road.
ORGANIZATION.— Franchise perpetual.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock $300,000 ($100)
$300,000 - - - - - - - - -
First mortgage $500,000 1 1903
5 g A-O........... 250,000 Oct 1 1923
gold____________ - ............../Interest at City Trust Co.. Boston, Trustee.
“ Current liabilities” Sept. 30 1909_______________
225,311 ---------------Bonds subject to call as a whole at 115 and Interest on any Interest flay.
EARNINGS.— For 12 mos. ending Dec. 31 1910, gross, $89,702; net,
$32,719; Interest and taxes, $25,718; surplus, $7,001.
ROAD.— Operates 19.5 miles of track from Mallapan. where connection
Is made with the Boston Elevated R y., to Canton and Stoughton, at which
latter point. It connects with the Bristol A Norfolk St. Ry. and the Old
Colony Street Ry. Standard gauge. 24 cars.
OFFICERS.— '’ res.. ('. H. Fiencn; V.-P. A. S. Pratt; 2d V .-P., E I. B.
Huntoon: Sec., Clement R. Ford; Treas., Henry B. Sawyer; Gen. Mgrs.,
Stone A Webster Mgt. Assn., Boston.— V. 78, p. 1906.
aAII owned by International Traction Co.
OOf this $550,000 owned by International Railway Co.
Bonds.— The Buffalo Ry. real estate mtge. matured June 20 1904, but was
extended until 1909, when they were again extended until June 20 1914; the
Tonawanda Elec. RR. mtge. due April 1 1907 was extended until 1917. The
Niagara Falls & Suspension Bridge Ry. bonds of 1893 and the Nlag. Falls &
CAPE MAY, N. J.
Whirlpool Northern bonds of 1894 given In the table above matured In 1903,
but were acquired by the International Traction Co. and extended ten
MAY DELAWARE BAY & SEWELL’ S POINT RAILROAD.—
years, and then deposited with the Guaranty Trust Co. of New York as AnCAPE
electric and steam road.
,
.
additional security under the International Traction Co. collateral trust
ORGANIZATION.— Organized under the general railroad laws of New
mortgage. All the outstanding stock of the International Railway, $60,000 Jersey on Jan. 19 1893 by consolidation of the Delaware Bay A Cape May
bonds of the Tonawanda Street Ry., $40,000 bonds of Tonawanda Elect. R R ., RR. (owner of the Cape May A Sewell’s Point RR.) and the Cape May A
$518,000 bonds of the Niagara Falls & Supsenslon Bridge and $22,500 Schcllenger’s Landing RR. Uses electric power for passenger service and
bonds of the Niagara Falls Whirlpool ft Northern are pledged as security for steam power for freight. In 1901 control passed to the Reading Company.
the International Traction collateral trust loan. The Buffalo Ry. deben
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
tures are secured by deposit of $2,000,000 stock of Crosstown Street Ry.
Stock paid In (par $50)__ _______
$150,000 ------------ -
Income Account of International Ry,, Crosstown Street Ry. and Electric First mort. ($150,000)__ cur.1893______ 5 F-A
150,000 Feb. 1,1923.
Other debts Dec.31 1910__________
_________
381.973 ---------------City Ry., including Fixed Charges of International Traction Co
In 1894 and 1895 but one Interest payment was made, by mutual consent
Calendar year ending Dec. 31—
1908.
1097; „ of bondholders. Interest was reduced to 5 % for 5 years from Feb. 1 1896,
Gross earnings from operation--------- $5,159,605 $5,380,437 $4,972,688
and remains at 5% . Trustee Is N. J. Trust and S. D. Co., Camden, N. J.
Operating expenses_________________ 3,228,482 3,362,883
2,884,986
ROAI).—Operates 6.29 miles of track extending to Cape May Point and
Net earnings____________________ $1,931,123 $2,017,554 $2,087,702 Sewell’s Point along the beach front through city of Cape May.
EARNINGS.— For year ending Dec. 31 1910, gross, $22,142: expenses,
iscellaneous Income_______________
87,961
81,813
69,111 $31,404;
Miscellaneous
__________________
deficit from operation, $9,262; taxes and Interest, $9,264; total
Total net Income............................... $2,019,084
Fixed charges. Including Int. on bonds
of I. T. Co., taxes St depreciation.. 1,846,793
$2,099,367
__
1,787,106
$2,156,813
. ...
1,691,959
Surplus...............................................
$172,291
$312,263
$464,854
ROAD.— Mileage Sept. 1 1910 (Including Crosstown Street Ry. of Buffalo
and Elect. City Ry. of Niagara Falls, N. Y .). Length of line, single track
(owned 197.49; leased 18.36; trackage 4.80), 220.65 miles; total track oper
ated (owned, 347.67; trackage, 5.15; leased, 22.03), 374.85 miles. Gauge
4 feet 8 H inches. Rail (steel), 45 to 140 lbs.
EQUIPMENT.— S cpt.l 1910 (Including Crosstown Street Ry. of Buffalo
and Elect. City Ry.); 1,070 cars of all classes, Including 917 passenger cars;
car stations, 1.1; sub-stations (electrical), 6; power furnished by the Niagara
Falls Power Co. and the Cataract Power A Conduit Co.
OFFICERS of alt operating cos.— Pres., Thos. Penney; V .-P., Thomas
Mltt.en; Sec and Comp., W. C. Dunbar; Gen. Mgr., T W. Wilson
deficit, $18,526.
OFFICERS.— Pres., Geo. F. Baer, Philadelphia; V .-P., Theodore Voorhees. Philadelphia: See.. W. R. Taylor. Philadelphia; TYe^.. Harry E.
Paisley, Philadelphia; Comp., Geo. Ziegler, Philadelphia; Supt., C. II.
Ewing, Cainden.— V. 72, p. 532.
CEDAR RAPIDS, IOWA.
CEDAR RAPIDS-IOWA CITY RAILW AY & LIGHT CO
ORGANIZATION.— Incorporated In Iowa In June. 1903, and acquired
all the property and franchises of the Cedar Rapids Electric Light A Power
Co., the same being free from bonded debt. Has long-term franchises In
the cities for both lighting and street ra way purposes and Its ral way line
between the cities Is located on private right o way 100 feet n width.
In 1909 old Issue of $300,000 5% non-cum. pref. tock was etlred and
$600,000 6% cum. pref. authorized
V 89 p 154
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Common $1.700,000.................- ................................$1,700,000 -----------------Pref. $600,000 6 % cum...............J-D
405,255 Dec *10,3%
First mortgage $2,000,000,C 1903
5 g J-D
1,403,000 June 1, 1923
gold ($1,000)_________ c*i Illinois Tr. & Sav. Bk., Chicago, co-trustee.
I Int. at Harris Tr. & Sav. Bk., Chicago.
B o n d s . — So far $1,468,000 bonds have been Issued, but $65,000 have
been retired by sinking fund; additional bonds may be Issued for not ex
ceeding 75% of cost of permanent additions, extensions or other rail
way. lighting or power companies, when net earnings for year preceding
shall have been twice Interest charge on bonds outstanding and to be Issued.
A s i n k i n g f u n d began April 1 1908 and b o n d s a r e s u b je c t to ca ll on or after
June 1 1913 at 107 K- and interest. Sec V. 77, p. 2279.
D i v i d e n d s . — On o ld pref. 5% each in 1908 and 1909.
On n ew pref.. In
1909, Dec., 3% ; 1910, June, 3% ; Dec., 3% .
EARNINGS.— For year ending Nov. 30 1910, gross, $390,170; net after
taxes, $147,701. For year ending Nov. 30 1909, gross, $349,073; net after
taxes, $146,409.
HUAI).— Operates 26 miles of track between Cedar Rapids and Iowa
CItv. Standard gauge; 70-lb. T rails.
OFFICERS.— Pres.. W m. G. Dows; V .-P ., J. H. Smith; Sec. and
Treas.. Isaao B. Smith.— V. 77, p. 2279; V. 79. p. 211; V. 89. p. 1481, 1541.
CEDAR RAPIDS & MARION CITY RY.
ORGANIZATION.— F r a n c h is e expires In 1941.
STOCK & BONDS— M i l e s . D a te I n te r e s t.
O u ts ta n d in g .
M a t u r it y .
Stock $550,000 ($100).............. .........................
$490,500 .................
First mortgage $250,0001 16.82 1891
5 J-J
205,000 July 1 1931
Sl.onoc
_________ /Interest at American Trust Co., Boston. Trustee.
EARNINGS.— For cal. year 1910, gross, $228,947; net, $66,180; in
1909, gross, $207,809; net, $73,363.
ROAD.— Owns road In operation 17.45 miles In length, extending from
Cedar Rapids Iowa, to Marlon: second track, 2.28; sidings, 3.17; total of
all, 22.90 miles. Ralls, 45, 60 and 80-lb. T .
OFFICERS.— Pres., P. E. Hall; Treas., John S. Ely; V.-P. and Sec.,
Henry V. Ferguson; Supt., F. L. Dlserens.
CHAMBERSBURG, PA.
(5) Chicago Ottawa & Peoria Railway Co.
ORGANIZATION.— Bought outright In 1909 the Illinois Valley R y.
Operates largely on private right of way. F r a n c h is e s In various towns
mat-re mostly after 1950.
STOCK AND BONDS.—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
S to c k ------------------— --A ll owned by Western Rys & Light Co.
First mortgage $5,000,0001 1907
5%
$1,943,000 Deo 1 1937
,J $ 11.°?®)1
Centra1 Trust Co. of Illinois, Trustee.
I1U,«-™ Val 1st M $2 OOO.OOOg/ 1905
5g
1,500,000 Sept 1 1935
($o00 and $1,000)----------c(Int. at Portland (Me.) Trust Co., Trustee.
B o n d s .— Chicago Ottawa & Peoria bonds are guar., p. & l., by Western
Rys. & Light Co. Illinois Valley bonds have a s in k in g f u n d of 1
per
annum of amount outstanding. Are subject to call at 105.
ROAD.— Operates from Princeton, 111., via La Salle, Peru, Utica,
Ottawa, Marseilles to Seneca, 58 miles, with branches from Ladd to Strealor,
16 miles, and from Seneca to Morris, 12 miles; total, 86 miles.— V. 87, p.812.
(6) Northern Illinois Light & Traction Co.— A trolley road.
ORGANIZATION.— Incorporated In Illinois and Is successor In July 1903
to the Ottawa Railway, Light & Power Co., sold under foreclosure. F r a n
c h ise perpetual for lighting and until March 1924 for railway.
Has contract
for city lighting. Western Rys. & Light Co. owns all the stock.
STOCK AND BONDS— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
$2 5 0 , 0 0 0 .............. __
stock. $250,000 ($100)..................
1st mtge. $1,200,000, gold) 1903
5 g J -j
265,000 July 1 1923
($500 and $1,000)---------c*/ln t. at American Tr. Co., Boston, Trustee.
B o n d s . — No sinking fund and bonds cannot bo called.
E A R N IN G S.-F or 12 months ending Dec. 31 1908, gross, $74,292; net,
$3r'\7,l L J J1, ' 0,?r7 ■ ?r,?,ss .$66,420; net. $31,016: Interest. $13,250.
ROAD AND PLAN I .— Operates 7.5 miles of line, covering the prin
cipal streets of Ottawa, and also runs out of the city to Ellis Park, a pleasure
resort on the Illinois River. Also has entenslons from Ottawa to Chautau
qua Park. Equipment, 11 motor and 7 trail cars. Has both steam and
water-power plants for generating power, which can be operated Inde
pendently If necessary. Is supplying 164 enclosed arc lights under city
contract and 154 for commercial lighting. Also 22 245 Incandescent lights,
561 H h. p. In motors and one 200-k. w. and one 300 k w alternator and
one 500-k. w. turbine for street lighting.— V. 82, p. 1041.
(7) Central Lighting Co.—
CHAMBERSBURG & GETTYSBURG ELECTRIC RY.
ORGANIZATION.— Incorporated In Pennsylvania Dec. 4 1900.
ORGANIZATION, &c.— Stock auth. and out $100,000 ($100); all owned
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a t u r it y .
by Western Rys. & L t . C o . Coll, tr bonds auth. and out., $250,000 g.
Stock $225,000 ($ 5 0 )............... - - - ................
$225,000 ................
($1,000). Date 1902, due July 1 1922. Int. (5 g. J.-.Unpayable at Port
1st mtge. $225,000 ($1,000)1 1903
5 M-N
225,000 May 1 1933 land Trust Co., Portland, Me., trustee.
not red no sinking Bind c* 1Int. at Northampton Tr. Co. Easton, trustee.
EARNINGS.— For year ending Dec. 31 1909, gross, $40,140; deficit from
operation, $654; charges & taxes, $14,485; total deficit, $15,139.
CHARLESTON, S. C.
ROAD.— Operates 13.25 miles of track between Chambersburg, StouCHARLESTON CONSOLIDATED RY. & LIGHTING CO.
ferstown. Fayetteville, Greenwood and Mt. Union. 60 to 80-lb. T and
girder rail. Gauge 5 ft. 2 A In.
ORGANIZATION.— Incorporated In South Carolina on April 19 1010.
OFFICERS.— Pres., M. C. Kennedy; Sec. and Treas., W. L. Ritchey; Leases for a period of 99 years from June 21 1910 the Charleston Cons. Ry.
Aud.. C. M. Davidson; Supt., D. B. Fretz.
Gas & Elec. Co. Lease guar. 6% on pref. and 4% to July 1 1911, 5% to
Jan. 1 1913 and 6% thereafter on com. stock; also Int. on outstanding
bonds of the Char. Cons. R y., Gas & Elec.
CHAMPAIGN, ILL.
STOCK—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock,
com, $1,500,000 ($50)..............................
$1,500,000 . . . .............
WESTERN RAILWAYS & LIGHT CO.
Pref, $500,000 6% ($50).......................................
500.000 ...................
Controlled by same Interests that control the Illinois Traction Co.
OFFICERS.— Pres., P. H. Gadsden; V.-P., Walton Clark; V.-P. and
ORGANIZATION.— Incorporated March 1907 In Maine, and owns all the Gen.
Mgr., G. II. Waring; Sec., W. F. Douthlrt; Treas.. Lewis Lillie;
capital stock of the following:
Asst. Sec. & Treas., C. M. Benedict.— V. 90, p. 1101; V. 91, p. 214, 1327.
Cairo Ry. & Light Co.
IQuincy Horse Ry. & Carrying Co.
Central Ltg. Co. of La Salle and Peru Marseilles Water & Light Co.
(1) Charleston Consolidated Ry., Gas & Electric Co.
Chicago Ottawa & Peoria Ry. Co.
INorthern Illinois Light & Trac. Co.
ORGANIZATION.— Organized Feb. 21 1899 as a consolidation of the
Galesburg Railway & Light Co.
|Wichita RR. & Light Co.
Charleston City Ry. and Charleston &Seashore RR. under Special Act of
Western Rys. & Light, with the Illinois Traction, will furnish through South Carolina Legislature, granting a perpetual charter and gas and electric
service between Chicago and St. Louis when Chicago connection Is com light powers.
pleted. V. 90. p. 238.
F r a n c h is e s are perpetual.
Also owns the capital stock of the Charleston
STOCK—
B a te .
O u ts ta n d in g .
D iv i d e n d s .
Gas Light Co. ($698,150) and the Charleston-Edison Light & Power Co.
Common ($100)...........................................$4,521,800
................
($100,000), and thus controls the whole field of light and transportation In
Pref., $2,250,000 ($100) c u m ............6 Q-J
2,245,000
See text Charleston. In April 1899 bought the stock of the Mount Pleasant &
S t o c k . — Before auth. amount of pref. stock can be Increased, surplus earn Sullivan’s Island Ferry Co. and the franchise of the Middle Street & Sulll
ings above expenses and Int. for previous year must be equal to 9% on all van’s Island Ry
On May 21 1910 shareholders voted to Issue $500,000 pref. stock. V.
pref. stock Issued and to be issued. V. 90, p. 238.
90, p. 1169.
D iv id e n d s have been paid on pref. since organization.
STOCK AND BONDS
D a te .
I n t e r e s t . O u ts ta n d in g .
M a t u r it y .
EARNINGS.— Of controlled companies for calendar year 1909, gross,
Stock com .,$1,500,000(par $ 5 0 )----J-J
$1,500,000 Jan.’ l l , 1%
$1,406,524; net (after taxes), $591,154.
OFFICERS.— Pres.. W. B. McKinley; Treas., E. Woodman; Sec., J. B Stock, pref, 6% cum, $500,000
Q-J
452,700 Jan’ lt ,1 14%
($50).................................................
Macaulay; Act. Compt., J. M. C. Horn; Gen. Mgr., H. E. Chubbuck.—
Charleston City first mortgage) 1808
5 g J-J
759,000 Jan 1 1923
V. 87. p. 814; V. 90. p. 238.
$1,000) $850,000 gold----- c)T ax free. Int. at Merc. Tr. & S. D. Co., Balt
(1) Cairo Railway & Light Co.— A trolley road.
5 g M-S
1,741,000 Mch 1 1 9 9 9
ORGANIZATION.— Incorporated on Oct. 5 1908 In Maine, to take over Consol mtge gold $2,500,000) 1899
coupon ($1,000).............. *JIntercst at Balt Tr. & Guar Co., Trust.
the properties of the Cairo Elec. Trac. Co. and the Cairo City Gas Co. V
Holders can also collect coupons at Carolina Savings Bank, Charleston,
88, p. 293, 374. The Cairo Elec. & Trac. was a consolidation of the Egypt If presented
before the 10th of the month
Electric Co. and the Cairo Elec. Light & Power Co.
•
ti10 consolidated 5s, $850,000 were reserved to retire the
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y .
$850,000 City Ry. first 5s, of which $91,000 canceled under sinking fund
Stock, $1,000,000 ($100)......... All owned by Western Rys. & Lt. Co.
C E & T 1 st mtge. $150,000 g) 1903
5 g J-D
$150,000 June 1 1923 and consols Issued to company In substitution.
S i n k i n g F u n d . — After 6 % dividend has been declared on stock, a sinking
($500 and $1,000)_______ c/In t. at Central Trust Co., Chicago, Trustee.
fund of $10,000 per annum becomes operative on consols.
B o n d s .— Arc subject to call on any Int. date after 10 years at 105.
D iv id e n d s . — First dlv. of A % on com. paid July 1 1903; In 190 1, 1 %; In
ROAD.— Operates 9H miles of track In Cairo, together with the electrto
1905, 1 ^ % ; In 1906, 2!T% ; In 1907, 2M % ; in 1908, 3% ; In 1909, Jan.
lighting and power plant. V. 87, p. 613; V. 88, p. 293, 374.
l ' A % ; July, 1 Y i% \ In 1910. Jan., 2% ; July, 2% ; Oct., 1%; in 1911, Jan.,
(2) Galesburg Railway & Light.
1%. On pref. 1st dlv., 1 H % . paid Jan. 1911.
ORGANIZATION.— Incorporated In Maine In 1904, and Is a consolida
For fiscal years ending Feb. 28-29:
tion of the Galesburg Electric Motor & Power Co. and the Galesburg Ga- Y eEARNINGS.—
ar—
G ro s s
N et
F i x e d C h a r g e s . S u r p lu s
& Electric Light Co.
F r a n c h is e s expire In 1920.
1910.........................................$782,689
$279,322
$166,912
$112,380
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y
1909................................
756,327 266,815
165,800
101,015
Stock $1,500.000 ($100).............................................$1,000,000
..................
1908..........................
727.661260.579
162.006
98,573
New mortgage $1,500,000/ 1904
5 g J-J
979,000 July 1 1934
ROAD,
&c.—
Owns
40
miles
of
electric
road,
of
which
30
miles
In
Charles
gold ($1,000).....................c |Int. at Portland Tr. Co., Portland. Me.,Trus. ton and 10 miles from Mt. Pleasant (connecting by ferry with Charleston)
Galesburg Gas & Elec Lt first/ 1899
5 g A-O
350,000 April 1 1919 to Sullivan’s Island and Isle of Palms, a pleasure resort on the Atlantic
mtge $350,000 ($1,000). .c l Int. at Portland Tr. Co.. Portland, Me..Trus coast. Including land at Isle of Palms, ferry, &c. The company has con
Galesburg E M & P mortgage/ 1902 5 cur M-S
171,000 Sept. 1 1912
all of Its three power stations; both railway systems and light and
$205,000 gold ($1,000) . _e*llnt. at First Nat. Bank, Galesburg, Trusteo. solidated
power division are being operated from same stations; the seashore division
B o n d s .—The new $1,500,000 Issue Is subject to call on any Interest date Is connected by submarine cable
at 105 and Interest: no sinking fund: $521,000 are reserved for the prior
OFFICE I?S.— Pres., Philip II. Ga sden. Sec. and And., Chas. J. Bendt;
liens. L. F. Wertman, Pres. First Nat. Bank, Galesburg, Is trustee of the both
of Charleston; Cashier, W. B. Glenn. Offices, No. 141 Meeting St..
Galesburg Electric Motor & Power Co. bonds. Can be called at 103.
Charleston.— V. 88. p. 504; V. 90, p. 1101, 1169.
ROAD.— Owns 20 miles of track laid with 60-lb. T rails In Galesburg, 111.,
extending also to East Galesburg and Knoxville; also three extensions aggre
gating 4 miles, built aud put In operation In 1900. Operates 42 cars. Has
CHARLOTTE, N. C.
built a new power-house to generate current for both the street railway and
CHARL01 TE ELECTRIC RY., LIGHT & POWER CO.— A trolley road.
electric-light plant, and will also do steam heating. See V. 78, p. 2384.
S o l d .— On Jan. 1 1911 the Southern Power Co. took possession of the
OFFICERS.— Pres., Geo. F. Duncan: Sec. and Treas.. Edward Wood company. It Is stated that the lighting properties will be transferred to
man. Portland. Me.; Mgr.. H. E. Chubbuck. Peoria.— V. 78, p. 2384 the Charlotte I ower Co. and the trolley lines to the subsidiary Piedmont
Trac. Co. 'Ihc latter company has a 60-year franchise In Charlotte, and Is
(3) Quincy Horse Railway & Carrying Co.
Does entire (electric) street railway business In Quincy. Principal constructing an interurban railway from Anderson to Greenville 8 C
f r a n c h i s e Is unlimited, granted In 1865, and exclusive for 50 years.
Other thence northward Into North Carolina via Charlotte, Salisbury and Greens
boro to Durham. V. 91, p. 1511.
fr a n c h is e s mature from 1922 to 1937.
ORGANIZATION.— Is a consolidation In Jan. 1896 of all the electric
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
lighting and street railway Interests of Charlotte. Has since merged the
Stock, $6 0 0 , 0 0 0 ($100)_______ .
$600 000
Charlotte
Gas Light Co. Also controls the Dllworth Water Co
Street
First cons-lldated mortgage, /1808
5 g A-O*
550’.000 O'ctVV 1018 railway, gas,
electric-lighting and power f r a n c h is e s are unlimited as to time
K°W - - - - - - — C*1 Int. at Portland Tr. Co., Portland, Me., Trus. and
are said to be exclusive until Jan. 26 1913.
ROAD.— Operates 17.5 miles of track.
STOCK AND BONDS.
D a te .
In terest.
O u ts a n d ln g .
M a tu r ity .
OFFICERS.— Pres., Geo. F. Duncan. Portland, Me.; Sec., W. B
«200 005
McKinley. Champaign, 111.: Treas., W. H. Carnahan; Gen. Mgr.. H. E Stock (par $50)..........................................................
First mortgage $500,000 gold) 1890
5 g J-J
360 000 Julv’ V 1929
Chubbuck.— V. 67, p. 372, 737.
($1,000) sinking fund— c*(Int. at Merc. Tr. & Dep Co Balt Trustee
(4) Wichita Railroad & Light.—Trolley.
Refund & ext mortgage $2,-) 1906
5 A-O
336 000 April 1 1936
000,000 gold ($ 1 ,0 0 0 )
o*)jInt. at Mercantile Tr. & Dep. C o . X l t . trus
ORGANIZATION.— Chartered May 1 1900 for 30 years. Street rail
lie 1st M. bonds a s in k , f u n d Is provided, operative July 1
way f r a n c h is e expires 1933, lighting In 1919. Owns a street-lighting plant, i
1900,of 1 /o of bonds out, to be Invested In bonds drawn by lot at 107 A and
and has contract for city lighting.
Int., If not obtainable at lower figure In open market; $40,000 have been
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
canceled. Of the ret. and ext. mtge. bonds, $380,000 are to retire prior
Stock. $300,000 ($100)...........................................
$300,000 ................... liens, $1,270,000 for additions and Impts. under carefully guarded restric
First mortgage, $300,000/ 1900
5 g A-O
300 000 April 1920 tions. Sink, fund operative April 1907 of 1% of bonds Issued, for purchase
($1.000) gold___________ o) Int. at Portland Tr. Co., Portland, Me., Trus. of bonds at 107 A and Int., If obtainable; otherwise, such investments as
B o n d s .—-Bonds are subject to call at 105 on 6 months notice.
trustee deems proper. V. 88, p. 1252. $14,000 have been retired.
ROAD.— Owns 29 miles of trolley track In Wichita, Kansas, Including
ROAD.—Operates 18 miles of track and 46 cars.
new double-track bridge, over the Arkansas River, and extensions to
EARNINGS.— For 12 mos. ending Dec. 31 1910, gross, $290,790; net,
Wonderland Park and Fair Grounds.
$130,581; int. and sink, fund, $42,213; surplus, $88,368. In 1909, gross,
OFFICERS.— Pres., W. B. McKinley, Champaign, 111.: Gen. Mgr., H. $268,032; net, $121,027; Interest, $35,275; surp., $85,752
■
E. Chubbuck; Sec. and Treas., Edw. Woodman, Portland, Me.; Supt.,
OFFICERS.— Pres, and Gen. Mgr., Z. V. Taylor.— V. 66, p. 384; V. 83,
W . 1R. Morrison, Wichita.j
p. 890; V. 88, p. 1252; V. 91, p. 1511.
•
[A R R E N TE R S V IL L E
To B e lv ld e r e -^ ^ v
C O N N E C T IN G W I T H
M A P
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N. AURORA
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L IN E S
CHATTANOOGA, TENN.
S to c k s a n d B o n d s
CHATTANOOGA RAILW AY & LIGHT CO.
ORGANIZATION.— Incorporated In Tennessee on July 24 1900 as a
consolidation of the Chattanooga Railways Co. and Chattanooga Electric
Co. per plan V. 88, p. 1497. V. 89, p. 285. Owns entire capital stock of
Lookout Mountain R y. Does entire street railway and electric lighting bus
iness In Chattanooga and suburbs. Most of street railway f r a n c h is e s per
petual; some are for 20, 21 and 40 years. Electric light and power f r a n
c h ise s perpetual.
„ ,
. .
.
O u ts ta n d in g .
M a tu r ity .
STOCK AND BONDS—
D a te .
In terest.
Common $3,000 000 ($100)— ------ - - - - - - - . $3,000,000 __________
2,000,000 Jan.'11,1 H %
Pref $2 ,0 0 0 , 0 0 0 5% cum($100)
Q-J
1,600,000 May
First and refunding mortgagel 1909
5 g M-N
_ 1 1956
$15 000,000 g ($ l, 0 0 0 )--C */FIdellty Trust Co., Philadelphia, Trustee.
Chatt’Rys 1st cons mtge, seel 1906
5 g M-N
2,165,000 May 1 1956
text (5500&51,000) g.c*__ (Int. at Trust Co. of Nor. Amer., Phlla..Trust.
Chatt Elec Ry 1st M $625,0001 1898 5 g J-J
625,000 Jan 1 1919
g not subj to call ($1,000)c*/lnt. at Maryland Trust Co., Balt., Trustee.
S t o c k . — Pref. shares equally with com. after com. has received 5%.
B o n d s . — The $3,000,000 Chattanooga Rys. mtge. has been closed at
$2,790,000, of which $625,000 are reserved to retire prior liens; callable any
Interest date at 107 and Interest on 3 months' notice. Of the 1st & ret.
bonds, $2,790,000 are reserved for prior liens and $10,610,000 for exten
sions, betterments and permanent Improvements at 85% of cost. There Is
no sinking fund; bonds are subject to call at 105 and Interest on any Interest
date after Nov. 1 1916. Interest Is payable In New York or Philadelphia.
V. 89, p. 846.
D iv i d e n d s . — Initial div., 1 M % , paid on pref. Oct. 1909, and same amt.
quarterly since to and Including Jan. 1911.
EARNINGS.— For year ending Dec. 31 1910; Gross, $875,078; net after
taxes, $363,625; interest, $220,897; surplus, $142,728.
ROAD.— Owns 54 miles of track, Including second track and sidings.
Gauge 4 ft. 8 A in. T and girder rails.
OFFICERS.— Pres., C. M. Clark: V.-Ps.. M. S. Hopkins and H. L. Clark;
Sec. and Treas., G. L. Estabrook; Asst. Sec. and Asst. Treas., D. S. Ilahn;
Mgr., W . E. Bolleau.— V. 89, p. 285, 846.
(a)Lookout Mountain Ry.—
ORGANIZATION.— Owns and controls the Lookout Incline Co. and the
Lookout Incline & Lulah Lake Ry. Stock all owned by the Chattanooga
Railway & Light Co.
STOCK AND BONDS.
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
.................
$300,000 .....................
Stock ($300,000)........................... ..
mortgage ($500,000)1 1906
5g
See text May 1 1956
First
gold_____________________ /Trust Co. of North America, Phlla., Trustee.
B o n d s . — $50,000 has been authorized to be Issued.
None Issued yet.
EARNINGS.— Included In Chattanooga Rys. & Lt. Co. earnings.
ROAD.— Operates a cable road of 5,000 feet, and has 5 miles of electric
road on top of mountain.
^ O F F IC E R S .— Pres., C. M. Clark; V.-P., M. S. Hopkins; Sec. & Asst.
Treas., G. L. Estabrook; Treas. & Asst. Sec., J. C. Llghtfoot Jr.; Supt.,
W m. A. Rollins. Office, Chattanooga, Tcnn.— V. 83, p. 323; V. 87, p. 226.
CHICAGO, ILL.
AURORA ELGIN & CHICAGO RR . —Third-rail electric
(s e e M a p
on
23).
ORGANIZATION.— Is a consolidation In April 1900 of the Aurora Elgin
& Chicago R a il w a y , the Elgin Aurora & Southern Traction C o . and the
Cook County & Southern RR. V. 82, p. 279, 691, 1155. Chartered In
Illinois under law applying to steam railroads. Pres., L. J. Wolf In a letter
dated May 20 1909 (V. 88, p 1618) stated that system Is “ In the main on
private right of way or protected by 50-year fr a n c h is e s or grants without
limit.” Does freight and express as well as passenger business. V. 83,
p. 490. Has exclusive contract with Metropolitan West Side Elevated to
operate over Its tracks.
Stockholders voted Oct. 18 1910 to purchase the Chic. Wheaton & West
ern R y., which runs from|West Chic, to Geneva,,about|lO miles. V. 91, p.517.
At annual meeting In 1910 stockholders voted to reduce auth. amount of
1st & ref. bonds from $25,000,000 to $15,000,000.
O u ts t’ d 'g . D l v . & d u e d a te.
STOCK AND BONDS—
D a te ,
In terest.
%
Q-J
„$3,100.000Jan.lo'UK
.... .
Common $3,100,000 ($100)...............
‘
Jan. ' l l 1 H
Pref $3,100,000 ($100)6% cum ___
Q-J
3,100,000
First and refunding mortgagel 1906
5 g J-J
2,379,000 July 1 1946
$15,000,000 gold ($1,000). Unt. at Clt. Sav. & Tr. Co.. C levelan d also
See text____ ! _____ c*& r*j In N. Y. Trustee, North. Tr Co.. Ohio
Apr 15 1941
A E & C Ry first mortgagel 1901 5 g A-O 15 3.000,000
$3,000,000 ($1,000) gold) Amer. Tr. & Sav. Bank. Chicago. Trustee.
cannot be called_________ JInterest payable In Chicago and New York.
Elgin Aurora & Southern first) 1901
5 g J-D 2,000,000
June 1 1916
mtge. $2,000,000 ($1,000) Jlnt at Amer. Tr. & Sav. Bank, Chicago,
gold sinking fund...........c*J Trustee, and First Nat. Bk., N. Y City.
S t o c k . — Preferred stock was 5% cumulative until April 1 1909; thereafter
6% cumulative.
B o n d s . — Of the $15,000,000 (originally $25,000,000) 1st & ref. bonds,
$5,000,000 are reserved for prior liens and the balance for Improvements,
extensions and self-supporting acquisitions, under rigid restrictions.
$352,000 are in the treasury. They are subject to call on or before
July 1 1911 at 102 A and int., but not thereafter. See V. 88, p. 1618. On
the Aurora Elgin & Chicago Ry. a sinking fund of $50,000 per annum com
mences on April 15 1911. See V. 74, p. 726. On the Elgin Aurora & South’n
bonds a s in k in g f u n d is $17,000 per annum drat 5 years and $25,000 annually
thereafter; $235,000 have been purchased and are now held in sinking fund.
Chicago Wheaton & Western bonds are not subject to call.
D iv i d e n d s . — First dividend on preferred— 1 M %— paid July 1906 (V. 82,
p. 1436), and the same amount quarterly since then ud to and Including
April 1909. July 1909 dividend Increased to 1 V i% and same amount paid
quar. since to and Including Jan. 1911. On common, first dividend—
H % — Oct. 7 1907.
In 1908,3% . In 1909, 3% . In 1910, 3% . In 1911,
Jan., * 4 % .
REPORT.— For fiscal years ending June 30:
G ro s s
N et
O th er
I n t . & P r e f e r r e d C o m .d iv s . B a t .,
Y ear,
e a r n in g s .
ea rn s,
in c o m e ,
ta x es.
d iv id e n d s .
(3% ). s u r p .
'09-'10 $1,536,898 $634,121 $71,539 $373,823 (6)$180.000 $93,000 $52,837
’ 08-’09 1,411,722 615,452 55,492 341.327(5 H> 102,750 93,000 73,867
ROAD.— Operates from Fifth Avenue station In the City of Chicago, over
tracks of the Metropolitan West Side Elevated road; thence on Its own line
to Wheaton, with lines from Wheaton to Elgin, Batavia and Aurora; also
from Elgin to Carpentersvllle, Dundee, St. Charles, Geneva. Yorkvllle and
Bristol, and a line from West Chicago to Geneva. Total single track, 166
miles. Third rail, standard T, 100 lbs.; track rails, 80 lbs. Interurban
and city lines, 60-95-lb. T and girder rails; 114 passenger cars; 2 express cars;
6 snow-plows and sweepers; 5 other cars; total cars, 127.
OFFICERS.— Pres., L. J. Wolf. Cleveland; V.-P., M. J. Mandelbaum: Sec.
and Treas., H. C. Lang, Cleveland; Asst. Treas., A. E. Felhl: And., C. E.
Flenner; Gen. Mgr., Edwin C. Faber, Wheaton, 111. Executive offices.
Garfield Bldg., Cleveland, Ohio.— V. 85, p. 721; V. 87. p.1531: V. 88.n.1618;
V. 89, p. 1480, 1595; V. 90, p. 302; V. 91, p. 517, 1095.
page
D e p o s ite d to S e c u r e
th e C o ll. T r . B o n d s ( F e b . 1 1911).
S to c k s ( p a r ) .
a Bon ds (p a r ).
Chic.City R y., value $200 per $100 s h .$16,971,900
Calumet & South Chicago R y _______*£10,000,000
Southern Street R y --------- -------------- *2,299,000
Hammond Whiting & East Chicago Ry *1,000,000
Chicago & W estern...............................
*72,000
Total.....................................................$23,843,900
None
________
...............
*1,000,000 new 1st 5s
*74,000
$1,074,000
* Entire Issue, x One-half o t this Is preferred stock.
a Under provisions of the trust mortgage these respective Issues of bonds
each as an entirety may be converted Into capital stock of the respective
companies to an equal amount.
D iv i d e n d s . — Initial dlv. on pref. part. ctfs.— $2 25— paid June 1910.
In
1911, Jan., $2 25. On com. part. ctfs. 1st dlv.— $1— paid June 1910. In
Jan. 1911, $1.
REPORT.— Net Income available for dividends for year cudcd Dec. 31
1910 Is stated to have been $1,450,702.
BOARD OF DIRECTORS.— Chairman, Ira M. Cobe; James B. Forgan,
John J. Mitchell, Samuel Insull, John A. Spoor. Edward Morris, Harrison
B. Riley. E. K. Bolsot.
OFF/CERS.—Sec. & Treas., F. G. Murray.— V. 90, p. 53, 108, 558, 625,
848, 1675; V. 91. p. 1629, 1710.
(I) Chicago City Railway.— An electric road. (Sec M a p o n p a g e 25.)
ORGANIZATION.— Incorporated In Feb. 1859. and has extensive sur
face road privileges In the south division of Chicago. In June 1908 entered
Into a contract with the Commonwealth-Edison Co., by which the Chicago
City Ry. agrees to buy all of Its electric power from that company until
June 1918. The railway has abandoned Its producing plants but retains
Its distributing plants. V. 87, p. 1010.
„
,
N e w O r d in a n c e s a n d F r a n c h i s e s . — On Feb. 4 1907 the City Council passed
ordinances providing for a settlement of the franchise question. These
ordinances were approved at the city election on April 2 1907 and formally
accepted by the company’s board of directors on April 15 1907. An ex
tended outline of these ordinances, one to the Chicago City Railway Co.,
and c verlng the lines operated by that company, and the other to the Chi
cago Rys. Co., and covering the lines of the former Ch cago Union Traction
Co. (now the ChP-ago Railways C o .), was given In V. 84, p. 1123. The value
of the tangible and Intangible property ot the Chicago City Ry. at date of
the ordinances was (lxed at $21,000,000. The city or any company au
thorized by It Is given the right on Feb. 1 or Aug. 1 of any year, on six
months’ notice, to purchase the entire property of the two systems, or either
of them, at their value at date of ordinance, plus “ the cost of rehabilitation
and extensions, Including fair allowances for construction, profit and
brokerage.” But If the properties are acquired for operation by a pri
vate corporation, for Its own profit, the purchase price Is to be Increased
20% — barring the case of a private company which might be willing to
turn over to the city all profits above 5% on the cost of the Investment.
The companies are limited during their operation to an Interest return
of 5% upon the agreed value plus the cost of rehabilitation and exten
sions. All net profits above this are to be divided on the basis of 55%
to the city and 45% to the compan es. but a deficit In any year Is to be
made good out of the profits of subsequent years. After April 15 1910the
companies are required to set aside 6% of the gross receipts for maintenance
and repairs and an additional 8% of the gross receipts to cover renewals
and depreciation. Whatever portion of the two funds Is not used, remains
In the funds and passes to the city or Its licensee upon purchase. But If
the two funds are not sufficient for the purposes named, the companies
are obligated to supply additional funds.
Free transfers are required over all connecting lines within the city limits
covered by the Chicago Railways C o . , the Chicago City R y.. the Chicago
Consolidated system and the Chicago General Ry. (except territory bounded
by 12th St., south and main branches of Chicago River and Lake Michigan,
until subways are In operation, when transfers will be given at all Inter
sections In the subways), [provided the passenger has paid a flve-ccnt
tare and Is traveling In any one general direction. Certain extensions
are provided, and the Chicago City Company agrees to construct In ad
dition the equivalent ot eight miles of single track and the Chicago Rail
ways system the equivalent of twelve miles of single track, In each ydhr
after the third year. The companies also agree, upon demand of the city,
to furnish funds not exceeding $5,000,000 In the aggregate for the construc
tion of a central down-town subway to be built and owned by the city,
two-fifths of the cost to be borne by the Chicago City R y. and three-fifths
by the Chicago Railways. Section 25 of Chicago City Ry. ordinance fixes
the capital Investment limitation of the company as follows: “ The com
pany shall not be required on account of any extensions or subways,or on
account of underground trolleys, or on account of any extensions of Its
street railways, other than the extension provided for In exhibit “ A ,’ ’and
In Section 36 of this ordinance, and four (4) miles of double or eight (8)
miles of single track per annum, as In Section 3 hereof provided, to Increase
Its total capital Investment to such an extent that the return thereon over
and above the Interest charge of 5% thereon by this ordinance authorized
would be reduced to an Inadequate or unreasonably small amount.”
The franchises granted by the ordinances run until Feb. 1 1927. The
city reserves the right at any time to commute a sum not exceeding the
city’s share of the net receipts for the previous year Into a reduction of the
rates of fare. After one year cars may no longer be run In trains, but
must be operated singly.
C a lu m e t & S o u th C h ic a g o O p e r a te d . — Under an operating agreement en
tered Into in 1908, operates the Calumet & South Chicago Ry. and will also
direct the work of Its rehabilitation.
S o u th e r n S t. R y . O p e r a te d . — Under ordinance which went Into force
April l 1909, operates the Southern St. Ry. and will carry on work of the
rehabilitation of that road.
STOCK AND BONDS— D a te .
I n te r e s t.
O u ts ta n d in g . L a s t D t v . , & c .
Stock. $19,000,000 ($100)................ TextQ-M30 $18,000,000 See text
First mort. ($1,000), gold C ir f 1907
5 g F-A 22,800,000 Feb 1 1927
\Flrst Trust & Sav. Bk., Chicago, Trustee.
B o n d s . — There Is no limit to the amount ot bonds that may be Issued
under the above mortgage. Bonds can be called at 110 and Interest on or
before Feb. 1 1912, but not thereafter. Under the Chicago city ordinance.
In case of purchase the city has the right to redeem bonds at par before
maturity. V. 84, p. 1488, 1550. Altogether, $25,000,000 bonds have
been sold—only $22,800,000 out Dec. 1910.
DIVIDENDS.— Usually 12%, were In 1893, 24%; 1894-1900, 12%; In
1901, 10H % : In 1902-09,9%; in 1910, extra dlv. of 4% paid March 2 and
2 'A % March 30; June 30, 2 H % ; Sept. 30. 2 y 2 % ; Dec. 30, 2 H % and 2% ex.
ROAD, &c.— Company owns 250.77 miles of single track, all now oper
ated by electricity. System covers the South Side of Chicago, extending
from the centre of the business district south to 79th Street and between
the South Branch of the Chicago River and the Lake. Cars required by
, rdlnance Jan. 1 1908, 805 double-truck cars, 251 single-truck cars; total,
1,056.
REPORT.— For 12 months ending Jan. 31 1910. See V. 90, p. 767
Passenger receipts............$8,735,703 Income from operation__ $2,253,392
Rects. from other sources.
358,343 Other Income (contractors’
prollt, brokerage, &c.)_
555,715
Total receipts— ...........$9,094,048
Oper. exp., taxes, renew
Total Income_________ $2,809,107
als and Int. on cap. lnv. 8,230,735 Interest on bonds_______ 1,110,667
CHICAGO CITY & CONNECTING RYS,— A collateral trust.
Formed In 1910 under a trust agreement, to take over the stock of the
Chicago City R y., together with the securities of the Calumet & South
Chicago R y.. the South Street Railway, the Hammond Whiting & East
Chicago R y . and the Chicago & Western. These properties comprise 407
Net earnings................... $863,313
Net Income____________$1,698,440
miles of street railway In southern division of Chicago and vicinity. See
55% __ $474,822 Dividends (9 % )................. 1,620,000
outline of plan In V. 90, p. 558, 625. The trustees are: E. II Gary. A. J City’s proportion,
Co.’s proportion, 4 5 % .. $388,491
Earllng and S. M. Felton.
Int. on capital Invest’t . . £$1,864,901
Surplus_______________
$78,440
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y
Com part certs 150,000 sh ares___
_
150,000 shs. J a n .'ll,
$1
£ The "Interest on capital Investment." $1,864,901, Is that certified by
Pref part certs 250.000 shares...........
j-j
250.000 shs. Jan. '1 1,$2.25
Coll trust mtge $22,000,0001 1910
5 A-O $22,000,000
Jan 1 1927 board of supervislngenglneers, as provided by the ordinanceof Feb. 11 1907.
OFFICERS. Chairman Ex. Com., J. A. Spoor; Pres., T. E. Mitten;
gold sinking fund. .c* &r*/Int. In Chic, or N Y. 1 st Tr.&S.B.Chlc .Trus.
P a r t i c ip a t i o n C e r t if i c a t e s . — Preferred participation shares have no par
V-:*5-. R- B’„ i I,an?lI=t01 :J5e<; ^ n^ ^ rea3 - p - D - Hoffmann; Aud.. J. J. Duck.
— V. 86. p. 284, 475, 544. 545. 668, 856: V. 87. p. 677, 1010. 1419: V. 88.
value but are entitled to preferential cum. dlvs. aggregating $4 50; also
after com. part'r. shares shall have received $4 In any year, the remaining p. 230, 293, 748, 819; V. 89, p. 1279; V. 90, p. 53, 372, 625, 767, 771; V. 91,
surplus, not exceeding In any year $1,000,000, shall be paid ratably, % to p. 1629.
pref. and % to com., but In no case will the pref. certs, be entitled to more
(2) Calumet & South Chicago Ry.— Electric.
than $7 each per annum: also have preference upon distribution of trust
ORGANIZATION.— Is a consolidation formed In 1908 of the Calumet
fund to the amount of $100 each and accumulated dividends.
Electric Street Ry. and South Chicago City Ry. In accordance with the
B o n d s . — Coupon bonds In denom. of $1,000; registered bonds $1,000 ot
terms of ordinance passed by the City Council March 30 1908. Lines
multiples. A sink, fund provides for redemption, begin. March 1 1915, ol are located In the south division of the city of Chicago. The ordinance
$105,000 ot bonds p. a., they being redeem, for the s. f., or as a whole, at grants f r a n c h i s e s until Feb. 1 1927 and provides that the city Is to receive
105 and Int. In case of purchase of property of the Chicago City Ry. by 55 % of net receipts after allowing for operating expenses, taxes and depre
City ot Chicago, or termination of trust agreement of Jan. 1 1910, then elatl n and 5% on present value, together with amounts expended for im
bonds are redeemable at par and accrued Interest. See V. 90. p. 558. 623. provements and extensions. Interchange of transfers with Chicago C.ty
R y . b y e s t a b li s h i n g f o u r t r a n s f e r z o n e s Is p r o v i d e d , b u t In t h r e e o f th e s e
z o n e s f r e e t r a n s f e r s c a n n o t b e c o m p e lle d u n le s s n e t e a r n i n g s f o r p r e c e d in g
y e a r w e r e e q u a l to 5 % o n t h e I n v e s t m e n t a n d t h e c o m p a n y ’s s h a r e o f t l u
n e t e a r n i n g s a m o u n t s to 1
% a d d it io n a l.
C it y m a y p u rc h a se p ro p e rty
o n F e b . 1 o r A u g . 1 o f a n y y e a r u p o n s i x m o n t h s ’ n o t ic e , f o r p r e s e n t v a lu e ,
w h i c h Is f ix e d a t $ 5 , 0 0 0 , 0 0 0 p lu s a m o u n t e x p e n d e d f o r I m p r o v e m e n t s ,
a d d i t i o n s a n d e x t e n s io n s , b u t o n l y f o r m u n i c i p a l o p e r a t i o n , w h e r e p u r c h a s e
Is m a d e n r lo j- to F e b . 1 1 0 2 7 .
W i t h a n a d d i t i o n o f 2 0 % In p r i c e , c l t v m a v
a ls o p u r c h a s e f o r t h e p u r p o s e o f t u r n i n g p r o p e r t y o v e r t o o t h e r p a r t i e s ( if
p u r c h a s e d f o r C h ic a g o C it y R y . o n ly 1 2 % a d d it io n a l n e e d b e p a id ) , b u t
t h is a d d it io n a l s u m n e e d n o t b e p a id w h e re th e s e o t h e r p a r t ie s a g re e to p a y
o v e r t o t h e c i t y a l l o f t h e p r o f it s a b o v e 5 % o n t h e p u r c h a s e p r i c e .
V . 80,
p . 122.1,
O n J a n . 3 1 1 9 1 0 c e r t if ie d v a lu e o f p r o p e r t y a n d a d d i t i o n s t h e r e t o
w a s $ 0 ,9 3 1 ,2 7 9 .
I n D e c . 1 9 1 0 in c re a s e d s t o c k f ro m $ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 , 0 0 0 b y c r e a t in g
$ 5 ,0 0 0 ,0 0 0 p ro f, s t o c k .
V . 91, p . 1628.
O p e r a t in g A g r e e m e n t w ith C h i c a g o C i t y R a ilw a y C o . — O n J u n e 29 19 08 C h i
c a g o C i t y C o u n c i l a p p r o v e d a g r e e m e n t b y w h i c h C h i c a g o C i t y R y . a g r e e s to
o p e r a t e C a lu m e t & S o u t h C h ic a g o R y . C o . ’ s s t r e e t r a i l w a y s y s t e m , a n d to
p la c e In o p e r a t i o n t h e z o n e s y s t e m o f t r a n s f e r s , a s d e s c r i b e d a b o v e .
The
l a t t e r c o m p a n y a g r e e s to p a y a c t u a l c o s t o f t h i s o p e r a t i o n , a n d J o in t c o s t s
a r e t o b e p a i d b y b o t h c o m p a n ie s I n p r o p o r t io n t o g r o s s r e c e ip t s o f e a c h ,
w i t h c e r t a i n e x c e p t io n s .
I n a d d i t i o n , C a lu m e t & S o u t h C h ic a g o R y
w i l l p a y C h i c a g o C i t y R y . M o f t h e a c t u a l s a v i n g I n o p e r . e x p . r e s u lt i n g
f r o m J o in t o p e r a t io n , s u c h s a v i n g t o b e d e t e r m in e d b y a b o a r d o f e n g in e e r s .
See V . 8 7. p . 2 2 4 .
STO CK A N D BONDS
D a te.
S t o c k c o m $ 5 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) . .............
p r e f § 5 , 0 0 0 . 0 0 0 -----------------------------
In ter es t.
Flr.st IJ ? ^ gaK? / chab,1LtatJ°n! T1008
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$5 000 000
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3 , 0 0 0 :0 0 0 F 'e b "T i9 2 7
& r / I n t . a t F ir s t T r . & S a v . I lk . , C h ic . , t ru s te e .
1 *le Is s u e o f 1 s t m t g e . b o n d s Is I n d e t e r m i n a t e , a m o u n t t o b e
lim it e d to a m o u n t o f n e w w o rk d o n e o n p r o p e r t y .
T h e y a r e s u b je c t to
‘ a t a n f ln t . d a t e b e fo re J u l y 1 1 9 1 2 a t Y 0 5 a n d in t . ; t h e r e a f t e r . o n ly In
c a s e c it y s h a ll p u rc h a s e p r o p e r t y a t p a r a n d In t . o n a n y In t . d a t e . N o s. f.
, lrP , ? n<! s :
.n
A ' T F o r 11 m o s . e n d D e c . 3 1 1 9 1 0 , g r o s s , $ 9 0 4 , 9 6 7 ; n e t a f t e r
™ * e ^ * 2 7 1 ' 4 9 0 . I ; o r y e a r e n d in g J a n . 3 1 1 9 1 0 . g r o s s , $ 8 8 1 , 1 7 7 : n e t a f t e r
t a x e s , $ 2 6 4 ,3 j 3, in t e re s t r e t u r n o n in v e s t m e n t , $ 2 9 2 ,1 8 8 ; d e f ic it d u e th e
c o m p a n y f r o m n e t o f s u c c e e d in g y e a r , $ 2 7 ,8 3 5 .
w £ ?
W est
te n d s
l- a k c
o D ii— '0 w n ? l 0 6 m ‘ lc s o f t r a c k r e a c h i n g S o u t h C h i c a g o , P u l l m a n ,
1 u llm a n . A u b u r n P a r k , B u r n s id e a n d M a n h a t t a n B e a c h .
A ls o e x
f r o m J a c k s o n P a r k to 1 0 6 t h S t r e e t a n d t h e I n d i a n a S t a t e li n e a l o n g
s h o r e a n d b o t h s id e s o f C a lu m e t R i v e r .
7 0 , 7 5 , 8 3 a n d 8 5 - lb . r a ils .
*, O F F I C E R S . — P r e s . , T . E . M it t e n ; V . - P . , J . Q . M a t s o n ; S e c . & T r e a s . ,
*■ P - H o ffm a n n ; A n d ., W . W . H ill.— V . 8 7, p . 2 2 4 , 285; V . 88, p . 374
V . 9 0 , p . 5 3 , 1 0 4 4 . 1483; V . 0 1 , p . 1 6 2 8 , 1 7 1 0 ,
’ 1
'
(3 )
Southern Street
R a ilw a y
Co.—
™ . ? R O A ^ IZ A ,n , 9 N -— In c o rp o ra te d
C h i c a g o G e n e r a l R y , , w h ic h w a s b id
b y th e S o u th e rn S tre e t R a ilw a y C o .
I n D e c . 1 9 1 0 in c re a s e d s t o c k f ro m
u s e d to r e t ir e th e $ 1 ,6 0 0 ,0 0 0 1st M .
A
t r o lle y ro a d .
In I l l i n o i s a s a r e o r g a n i z a t io n o f t h e
In a t f o r e c lo s u r e s a le o n S c o t . 3 0 1 9 0 7
V . 8 5. p . 863.
$ 8 0 0 , 0 0 0 t o $ 2 , 4 0 0 , 0 0 0 ; I n c r e a s e b e in g
5s.
V . 91. p . 1631, 1712.
O p e r a t in g A g r e e m e n t w ith C h i c a g o C itu I lu . C o .— O n A p r il 1 1 9 0 9 . th e
o r d i n a n c e b y w h ic h t h e C h i c . C i t y R y . o p e r a t e s t h e p r o p e r t y w e n t I n t o e f f e c t
w h e n t h e C i t y C o m p a n y t o o k p o s s e s s io n a n d b e g a n o p e r a t i n g w it h 2 5 n e w
c a r s , r e t i r i n g a n e q u a l n u m b e r o f o ld o n e s .
T h e $ 8 0 0 ,0 0 0 1st 5 s o f 1904
w e r e a l l r e t ir e d , a n d t r u s t d e e d r e le a s e d , a n d n e w b o n d s p r o v i d e f o r
r e h a b i l i t a t i o n r e q u i r e m e n t s a n d f o r r e f u n d i n g o f o ld l s t s .
T h e C h ic . C it y
R y . o p e ra t e s th e p r o p e r t y a n d th e In c o m e t h e re fro m ( a f t e r a llo w in g 5 %
r e t u r n o n t h e In v e s t m e n t ) Is d i v i d e d b e t w e e n t h e c i t y a n d t h e S o u t h e r n
c o m p a n y u n d e r t h e t e r m s o f t h e o r d i n a n c e a s I n V . 8 8 , p . 1 0 0 3 , 5 5 % g o in g
to th e c it y a n d 4 5 % to th e S o u t h e r n .
T h e c i t y p u r c h a s e p r i c e a s f ix e d b y
th e o r d in a n c e a m o u n t e d o n J a n . 31 1 9 1 0 to $ 1 , 2 4 5 , 3 4 1 .
STOCK—
D a te.
In t e r e s t .
$2,400,000 ($ 1 0 0 ) ........................................
O u t s ta n d in g .
$2 ,2 9 9 ,0 0 0
S to ck .
M a tu r ity .
..........
I s s u e d u n d e r 1 s t m t g e . o f 1 9 0 9 a r e f r o m t im e t o t i m e c a n c e l e d a n d
s t o c k I s s u e d In ^ e x c h a n g e .
I n F e b . 19 11 n o b o n d s w e re o u t .
1 8 -8 1 m ile s o f s i n g le t r a c k ; e x t e n d s f r o m W a b a s h A v e . t o
T h r o o p s ' t ° n 2 2 d S t ' : a lS 0 0 n 2 5 t h S t ”
L a w n d ft Ie A y e .. K c d z lc A v e . a n d
. ,R .E P ° R T -t— P r o p o r t io n
o f n e t e a r n i n g s d u e S o u t h e r n S t r e e t R y .f r o m
J o in t o p e r a t i o n o f C h ic a g o C i t y R y . a n d S o u t h e r n S t r e e t R y . f o r y e a r
e n d in g J a n . 3 1 1 9 1 0 w a s $ 1 2 4 , 4 3 2 .
O F F I C E R S . — P r e s . . T . E . M it t e n ; V . - P . , W . W . C r a w f o r d ; S e c . & T r e a s . ,
H o ffm a n n ; A u d ., W . W . H ill.— V . 88, p . 1003, 1063; V . 90, p . 54
V . 91. p . 1631, 1712.
1/
(4) Hammond Whiting & E a s t Chicago Railway Co.— A t r o l l e y r o a d .
O R G A N I Z A T I O N . — In c o rp o r a t e d In In d ia n a In J a n . 1 9 1 0 a s s u c c e s s o r
i n r , a ?,1 m o n d W h i t i n g & E a s t C h ic a g o E l e c t r i c R y .
F r a n c h i s e e x p i r e s In
1 9 o 4 . P o w e r is f u r n i s h e d b y C a lu m e t & S o u t h C h ic a g o R y .
( s S
t r
............
M ile s . D a te . In ter es t.
S t o c k $ 1 ,0 0 0 , 0 0 0 ( $ 1 0 0 ) ______ 2 5 . 9 4 ............................. $
*
n it g e , $ 5 , 0 0 0 , 0 0 0 , g o ld (
1910 5 g F -A
• ( $ 1 , 0 0 0 ) ............................ c & r l l n t . a t F i r s t T r u s t &
R o n d s .— S u b je c t to c a ll a t 1 0 5 a n d In t .
E. K .
O u ts t a n d 'g .
D iv id e n d s .
1 ,0 0 0 , 0 0 0
1 , 0 0 0 , 0 0 0 F~eb. 1 1 9 3 0
S a v . B a n k , C h ic . , t r u s .
B o ls o t Is a ls o t r u s t e e .
T„.R 0 .A D - T 0 w n s 2 5 .9 4 m ile s o f t r a c k , e x t e n d i n g f r o m S t a t e li n o b e t w e e n
I llin o is a n d I n d ia n a a t 1 0 8 th S t ., C h ic a g o , to W h it in g . E a s t C h ic a g o a n d
H a m m o n d I n I n d i a n a , a n d o p e r a t e s I n c o n n e c t io n w i t h C a lu m e t & S o u t h
C h i c a g o R y . t o 6 3 d S t . a n d M a d is o n A v e . i n C h i c a g o .
11 m o t o r c a r s - 5
o th e r c a rs ; s t a n d a r d g a u g e ; 8 0 -lb . T r a il.
O F F I C E R S . — P r e s . , T . E . M it t e n ; V . - P . , W . W , C r a w f o r d ; S e c . &
T r e a s .. F . D . H o ffm a n n ; A s s t. S e c .-T re a s ., C . A . W e b e r; G e n . M g r s ., A L
D r u m & C o ., 1 2 5 M o n ro e S t ., C h ic a g o .— V . 7 9 , p . 1 0 3 .
CHICAGO & SOUTHERN TRACTION CO.— An electric road.
R e c e i v e r s h i p .— O n O c t . 11 1 9 1 0 J o s . E . O t is a n d M a t t h e w S lu s h ( P r e s o f c o . ) w e r e a p p o i n t e d r e c e iv e r s , I n t . o n b o n d s b e in g I n d e f a u lt .
V . 91,
p . 10 2 5 , 518 ; V . 90, p . 626, 3 0 2 .
O n A u g . 8 1 9 1 0 a c o n t r a c t o r s ’ s u it fo r
$ 1 2 5 , 0 0 0 w a s f ile d a g a i n s t t h e c o m p a n y .
V . 91, p. 462.
O R G A N I Z A T I O N . — In c o rp o r a t e d In 19 0 4 .
I n J u ly 19 07 p u rc h a se d th e
C h i c a g o E l e c t r i c T r a c t i o n C o . ( s u c c e s s o r t o t h e E n g le w o o d & C h i c a g o E le c t r l c R y . ) a t f o r e c lo s u r e s a le .
O f t h e $ 5 , 0 0 0 , 0 0 0 b o n d s g i v e n b e lo w , $ 2 , 5 0 0 , it
AJXr e V,s,c d t o b u l l d t h e r o a d f r o m H a r v e y to K a n k a k e e , a n d to p u r c h a s e
« « ] ? . <Lt ° 0 - r u n n i n g f r o m H a r v e y to C h i c a g o .
T h e r e m a in in g
5 Z , o 0 0 , 0 0 0 Is to b e u s e d In c o m p le t i n g r o a d t o L a f a y e t t e , o r a n y o t h e r e x t e n
s io n .
P r i v a t e r i g h t o f w a y o u t s id e o f t o w n s .
«• «««
Trac-
Q f? X ° 9 F
? » °N D S D a te .
o t O C ii , $ a , u u u , 0 0 0 _____ _________ _______
In ter es t.
O u tsta n d in g .
M a tu rity .
__________
<2 5 0 0 0 0 0
_
F ir s t m o rtg a g e , $ 5 , 0 0 0 , 0 0 0 . 19 07
* 5
2 ’, 5 0 0 , 0 0 0
J a " n .T l9 3 7
ROAD.
O p e r a t e s 7 2 m ile s o f t r a c k b e t w e e n C h i c a g o ( 6 3 d S t . ) a n d
Kankakee.
E x t e n s i o n t o L a f a y e t t e Is c o n t e m p l a t e d .
O F F I C E R S . — P r e s . , M a t t h e w S lu s h : S e c . F . M . L o w e s ; T r e a s . V . R .
R o n k ; S u p t ., W . B . T a r k in g t o n .— V . 8 5 , p . 159 , 2 8 3 ; V . 90 , p . 3 0 2 , 6 26 ;
V . 01, p.
o lo , 10 2 5 .
CHICAGO & MILWAUKEE ELECTRIC RR.— A trolley road.
R e c e iv e r s h ip .
O n J a n . 28 1 9 0 8 J m itre G r o s s e u p a p p o i n t e d W . I r v i n g
O s b o r n e , C h ic a g o ; D . B . H a n n a , V l c e - P r c s . C a n a d ia n N o r t h e r n R y . , T o
r o n t o , a n d H . A . H a u g e n , P r e s . S t a t e B a n k o f C h i c a g o , r e c e iv e r s .
G e o rg e
G.
M o o re w a s s u b s e q u e n t ly s u b s t it u t e d fo r M r . H a u g e n . S e c V . 8 6 , p . 2 8 4 ,
337, 1223.
A p r i l 1 9 0 8 J u d g e G r o s s e u p a u t h o r i z e d t h e W i s c o n s in c o r p o r a
t i o n t o I s s u e $ 1 , 0 0 0 , 0 0 0 r e c e iv e r s ’ c e r t i f i c a t e s t o c o m p le t e r o a d ( V . 8 6 ,
p . 9 1 7, 1159, 1 2 2 3 ).
In t e r e s t d u e J u l y 1 1908 o n th e $ 4 ,0 0 0 ,0 0 0 b o n d s o f
1 9 0 2 Is i n d e f a u lt : t h e I n t e r e s t d u e o n $ 1 , 0 8 0 , 0 0 0 1 s t M . b o n d s o f 1 8 9 0 , h o w
e v e r, h a s b e e n p a id .
D e f a u lt a l s o o c c u r r e d o n W i s c o n s in D i v i s i o n b o n d s
July,! 1 9 0 8 . V . 8 7 , p . 9 6 . S i n k , f u n d d u e J u l y 1 9 1 0 o n R y . 1 s t M . o f 1 8 9 9
w a s n o t p a id .
F o r e c l o s u r e S u i t . — I n N o v . 1 9 0 8 W i s c o n s in D I v . b o n d h o ld e r s ’ p r o t e c t iv e
c o m m i t t e e a p p r o v e d t h e a c t i o n to f o r e c lo s e t h e m t g e . o n t h e W i s c o n s in
d i v i s i o n a n d a u t h o r i z e d t h e f i li n g o f a b i l l f o r s i m i l a r a c t i o n w i t h r e g a r d to
th e Illin o is d iv is io n .
I n D e c . 1908 J u d g e G ro sse u p e n te re d a n o rd e r c o n
s o l i d a t i n g t h e v a r i o u s f o r e c lo s u r e s u i t s .
V . 87, p . 1237, 1477, 1004.
The
c o n s o li d a t e d b i l l s e e k s t o e s t a b lis h a n d f o r e c lo s e a n e q u i t a b l e li e n i n f a v o r
o f a l l t h e h o l d e r s o f W i s c o n s in b o n d s a g a i n s t t h e I l l i n o i s p r o p e r t y o n t h e
so m e $ 2 ,0 0 0 ,0 0 0 o f th e p ro c e e d s o f th e se b o n d s w e re use d fo r
t h e b e n e f it o f t h e I l l i n o i s p o r t i o n o f t h e li n e .
V . 87, p. 1532, 1663.
T h is
t h r e a t e n s t o d i s p la c e t h e I l l i n o i s d i v i s i o n b o n d s ’ f i r s t li e n o n t h e I l l i n o i s
p r o p e r t y , a n d a p r o t e c t iv e c o m m it t e e o f I l l i n o i s d i v i s i o n b o n d s h a s b e e n
~ V - 8 7 A P - l 9 0 4 - 16 6 3-' V - 8 8 * P - 3 ? 4 I n F e b . 19 09 th e M e rc h a n t s ’
C h ic a g o , a s tru s t e e o f th e I llin o is d iv is io n b o n d s o f 1 9 0 2 ,
f ile d a b i l l I n U S . C i r c u i t C o u r t o f N o r t h e r n D i s t r i c t o f I l l i n o i s t o f o r e c lo s e
m o rtg a g e .
V . 88, p . 504.
,
P la n t s I n c o n f li c t , a n d f o r e c lo s u r e p r o c e e d i n g s b e i n g
w i t h h e ld .
V . 92, p . 260; V . 91, p . 518 .
V . 92, p . 3 2 1 .
— Iffc o rp o ra t e d u n d e r t h e g e n e ra l r a ilro a d la w s o f
w ls c o n s In ? n d b a s t h e s a m e p r iv ile g e a s s t e a m ro a d s .
T h is
P u rc h a s e o n D e c . 31 1 9 0 2 o f th e C h ic a g o & M il^ Uc i ^ Cf , ? i e? n C R a i l ^ a V C o .
L e a s e s th e C h ic . & M llw . E le c . R R . o f W is RnrtS i n r i r p « t >0
f r o m iOOJS, a n d g u a r a n t e e s i t s b o n d s , b o t h p r i n c i p a l
a n d in t e r e s t .
D o e s a f r e i g h t b u s in e s s .
F r a n c h i s e s , e x c e p t 4 , a r e s a i d to
b e p e r p e t u a l: s e rv e s 2 5 c it ie s a n d to w n s .
D a te .
o tO C K , <>0,UUU,UUU_________________________
C & M E R y 1st M , $ 1 ,5 0 0 ,0 0 0 1 1899
In ter es t.
__ ___
O u tsta n d in g .
0 0 0 OOO
M a tu rity .
5 g J-J
1 0 8 0 0 0 0 J u ly " 1*1919
g ($ 1 ,0 0 0 e a c h ) c ; m a y b e l l n t . a t S t a n d a r d T r u s t C o ., N . Y . , a n d C le v e ? n i ec* a lj y i n t e r e s t d a y a t
la n d T r u s t C o . , T r u s t e e s , C l e v e l a n d T r u s t
_ 1 ° 5 a n d I n t e r e s t ------------------ J
C o . a n d R o y a l T r u s t C o ., C h ic a g o .
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* I n c l u d e s $ 1 0 5 , 5 2 9 111. D i v . a n d $ 3 7 , 6 3 2 W i s e . D I v . ’
B o n d s .— O f th e $ 5 ,0 0 0 ,0 0 0 R a ilr o a d C o m p a n y b o n d s a u t h o r iz e d , $1 0 0 0 0 0 0 a r e r e s e rv e d to r e t ir e a lik e a m o u n t o f b o n d s o f th e R a i l w a y C o m p a n y
B o n d s a r e n o t s u b je c t to c a ll.
See V . 7 6 , p . 2 1 1 : V . 78, p . 1496.
S i n k , f u n d o n t h c R w y . b o n d s o f $ 5 0 , 0 0 0 p e r y r . w a s t o b e g in J u l y 1 1 9 1 0 ,
b u t n o t p a id . N o m o re t h a n $ 1 ,0 8 0 ,0 0 0 o f th e se b o n d s o u t s t a n d in g w ill b e
Is s u e d .
T h e s e b o n d s a r e s u b j . t o c a ll o n a n y I n t . d a t e a t 1 0 5 a n d I n t e r e s t .
T h e W i s c o n s in D i v . b o n d s a r e g u a r . , p r l n . a n d n t . , b y t h e C h i c . & M i l . ,
E l . R R . o f 111.
N o s. f. a n d a re n o t s u b je c t to c a ll.
O f th e $ 1 0 ,0 0 0 ,0 0 0 r e
p o r t e d o u t s t a n d i n g , $ 1 , 1 5 7 , 0 0 0 Is p le d g e d a s c o l la t e r a l f o r n o t e s a n d lo a n s .
A $ 2 , 0 0 0 , 0 0 0 I s s u e o f 6 % n o t e s w a s a u t h o r i z e d In 1 9 0 7 ( V . 8 5 , p . 9 2 0 ) ,
b u t It Is u n d e r s t o o d t h a t n o t m o re t h a n $ 1 2 1 ,0 0 0 o f th e s e n o te s w e re Is s u e d
a g a i n s t w h i c h $ 2 0 3 , 0 0 0 o f W i s c o n s in D i v . b o n d s a r e p le d g e d . V . 8 6 , p . 3 3 7 .
T h e r e c e i v e r ’s c e r t i f i c a t e s a r c a p r i o r H e n o n l y t o t h e $ 1 0 , 0 0 0 , 0 0 0 W i s c o n
s in D iv is io n 5 s d u e 1 9 2 5 .
T h e y a r e s u b j e c t t o c a l l a t o p t i o n o f r e c e iv e r .
V . 86, p . 856 , 1159, 1223.
REPO RTS OF E X P E R T
ACCOUN TANTS.
See re p o rt o f A rt h u r
Y o u n g & C o . ( e n g a g e d b y t h e r e c e iv e r s ) I n V . 8 7 , p. 2 2 5 ; a l s o t h a t o f
M a r w i c k , M it c h e ll & C o . ( e n g a g e d b y P r e s . A . C . F r o s t , a n d c r i t i c i s i n g t h e
f ir s t r e p o r t ) i n V . 8 7 . p . 1 4 7 6 .
E a r n in g s o f s y s t e m , a s r e - s t a t e d b y A r t h u r Y o u n g & C o ., o m it t in g a ll
f r e i g h t e a r n i n g s a n d e x p e n s e s o f c o n s t r u c t i o n m a t e r i a l h a u le d , w e r e a s
f o ll o w s ( w e a l s o a d d t h e f ig u r e s f o r 1 9 0 9 a n d 1 9 1 0 ) :
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$ 5 8 , 3 7 9 I n t . o n r e c e i v e r ’s o b li g a t io n s a n d $ 5 4 , 0 0 0 I n t .
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o n f lr s t m tg e . 1 8 9 9 .
R O A D . — O p e r a t e s 1 7 0 m i le s f r o m E v a n s t o n t h r o u g h W a u k e g a n , K e n o
s h a a n d R a c i n e t o M il w a u k e e , I n c l u d i n g e x t e n s i o n t o L l b e r t y v i l l e .
L in e
f r o m E v a n s t o n ( w h e r e c o n n e c t io n I s m a d e w i t h C h i c a g o ) t o W a u k e g a n w a s
o p e n e d I n A u g . 1 8 9 9 , a n d e x t e n s io n t o L l b e r t y v i l l e I n S e p t . 1 9 0 3 . a n d t o
R o c k e f e ll e r i n M a r c h 1 9 0 5 ; 3 8 m ile s a d d i t i o n a l t o Z i o n C i t y a n d K e n o s h a
w e r e p la c e d I n o p e r a t i o n D e c . 2 1 9 0 5 a n d t h e li n e t o R a c i n e o n S e p t . 1 1 9 0 6 .
L i n e o p e n e d t o M il w a u k e e O c t . 3 1 1 9 0 8 .
P r a c t i c a l l y a l l t h e r o a d Is b u i l t
o n p r i v a t e r i g h t - o f - w a y a n d r o a d Is d o u b l e - t r a c k e d t h r o u g h o u t .
R a lls ,
6 5 a n d 8 5 - lb .
V . 67, p . 900.
O F F I C E R S . — P r e s . , A . C . F r o s t ; V . - P . , G o r d o n A . R a m s a y ; S e o ., P i e r r e
G.
B e a c h ; T r e a s . , W . O . K l l m a n ; G e n . M g r . f o r r e c e iv e r s , E . E . D o w n s .
,T„V -„8 7 ’ p - 9 6 - 2 2 5 ’ 9 3 0 - 1 2 3 7 - 1 4 7 6 - 1 4 7 7 > 1 5 3 2 1 6 0 4 . 1 6 6 3 : V . 8 8 . p . 9 9 .
I 0 8 , 374, 504; V . 90, p . 372; V . 91, p . 518, 1025; V . 92, p . 260, 3 2 1 .
CHICAGO RAILWAYS CO.— A n e l e c t r i c r o a d . ( S e e M a p o n p a g e 2 6 . )
O R G A N I Z A T I O N . — In c o r p o r a t e d In I llin o is in O c t . 1 9 0 3 a n d o n J a n . 2 5
1 9 0 8 a c q u lr e d a t f o r e c lo s u r e s a le t h e p r o p e r t y o f t h e o ld C h i c a g o U n i o n
T r a c t i o n , c o m p r is i n g t h e li n e s o f t h e N o r t h a n d W e s t C h i c a g o S t r e e t R R s .
T h e p u r c h a s e w a s m a d e u n d e r a m o d if ie d p la n o f r e o r g a n i z a t io n a n d r e a d
ju s t m e n t d a t e d O c t . 1 5 1 9 0 7 a n d o u t li n e d I n V . 8 5 , p . 1 2 6 9 ; se e a ls o p . 1 5 7 6
F r a n c h i s e s . — O n F e b . 5 1 9 0 7 t h e C i t y C o u n c i l p a s s e d o r d i n a n c e s p ro *
v ld t n g f o r a s e t t le m e n t o f t h e r e la t i o n s b e t w e e n t h e c i t y a n d t h e s t r e e t
r a i l w a y c o m p a n ie s .
V . 84, p . 3 3 8 , 3 9 0 .
T h e fr a n c h is e s g ra n te d b y th e
o r d i n a n c e s e x p i r e F e b . 11 1 9 2 7 a n d w e r e a p p r o v e d a t t h e p o p u l a r e l e c t io n
h e ld A p r i l 2 1 9 0 7 .
O n O c t . 1 0 1 9 1 0 s u p p le m e n t a l o r d i n a n c e w a s p a s s e d
e x p i r i n g F e b . 1 9 2 7 , c o v e r i n g lin e s o f C h i c . C o n s o l. T r a c . p r o p e r t i e s . V . 9 1 ,
p. 1025.
I n t h e r e m a r k s c o n c e r n i n g t h e C h i c a g o C i t y R y . o n a p r e c e d in g p a g e o f t h i s
p u b lic a t io n w ill b e f o u n d a b rie f s u m m a r y o f th e m a in t e rm s , r e q u ir e m e n t s
a n d c o n d it io n s o f th e s e o r d in a n c e s .
A v e r y e x t e n d e d o u t lin e o f th e sa m e
w a s p r i n t e d I n t h e ’ -C h r o n I c l e ’ ’ o f M a y 11 1 9 0 7 , p a g e s 1 1 2 3 , 1 1 2 4 a n d 1 1 2 5 ,
t o w h i c h t h e r e a d e r Is r e f e r r e d f o r d e t a i l e d I n f o r m a t i o n .
T h e o r d in a n c e f o r th e C h ic a g o R y s . C o . p r o v id e s t h a t th e v a lu a t io n o f th e
p r o p e r t ie s a c q u i r e d s h a l l b e d e e m e d a n d c o n s id e r e d t o b e $ 2 9 , 0 0 0 , 0 0 0 ( t h e
v a lu e f ix e d b y a b o a r d o f e x p e r t e n g in e e r s a c t i n g f o r t h e c i t y ) p lu s $ 1 , 7 7 9 , 8 7 5
fo r e x p e n d it u r e s f r o m th e d a t e o f th e v a lu a t io n o n J u n e 3 0 19 06 to F e b . 1
1 9 0 7 , m a k i n g t o t a l v a l u a t i o n o f p r o p e r t i e s a s r e c o g n iz e d b y o r d i n a n c e
$ 3 0 ,7 7 9 ,8 7 5 as o f F e b . 1 19 0 7 .
W it h th e f u r t h e r e x p e n d it u r e s a lr e a d y
m a d e a n d u p o n t h e e x p e n d it u r e o f p ro c e e d s o f a ll b o n d s n o w o u t s t a n d in g
t h e v a l u a t i o n w i ll b e $ 7 1 , 7 3 4 , 8 7 5 . V . 8 7 , p . 6 7 7 ; V . 8 8 , p . 5 0 4 .
A l l e x p e n d i t u r e s f o r r e c o n s t r u c t i o n a n d e x t e n s i o n s a r e b e in g m a d e u n d e r
t h e d i r e c t s u p e r v i s i o n o f a b o a r d o f s u p e r v i s i n g e n g in e e r s h e a d e d b y M r .
B lo n J . A r n o ld , a n d t h e c o m p a n y Is r e q u i r e d , u n d e r c o n s e r v a t i v e r e s t r i c
t io n s , t o a d v a n c e m o n e y s f o r t h e c o n s t r u c t i o n o f s u b w a y s b y t h e c i t y .
T h e e x p e n d i t u r e s f o r r e c o n s t r u c t i o n a n d e x t e n s io n s . I n c l u d i n g a n y c o n t r i
b u t io n s f o r s u b w a y s , a f t e r F e b . 1 1 9 0 7 a r e to b e a d d e d to th e v a lu e o f th e
p r o p e r t i e s r e c o g n iz e d b y t h e o r d i n a n c e , t o g e t h e r w i t h 5 % o f s u c h e x p e n d i
tu re s fo r b ro k e ra g e .
A s c o m p e n s a t io n f o r I t s s e r v i c e s In c o n s t r u c t i o n ,
t h e c o m p a n y w i l l r e c e iv e a n a d d i t i o n a l 1 0 % o f a l l e x p e n d i t u r e s f o r r e c o n
s t r u c t i o n a n d e x t e n s io n s , e x c lu s iv e o f a m o u n t s c o n t r i b u t e d f o r s u b w a y s
T h e c o m p a n y a g r e e s t o l o w e r a n d r e c o n s t r u c t t h e t u n n e ls u n d e r t h e
C h i c a g o R i v e r a t W a s h i n g t o n , L a S a ll e a n d V a n B u r e n s t r e e t s .
The
o r d i n a n c e r e q u i r e s t h r o u g h r o u t i n g o v e r c e r t a i n li n e s o f t h e
C h ic a g o
C it y I t y . C o . a n d th e e x c h a n g e o f t ra n s fe rs w it h t h a t c o m p a n y .
T h e li n e s
o f t h e C h i c a g o C i t y R y . C o . c o v e r w h a t i s k n o w n a s t h e S o u t h S id e o f C h i
c a g o , a n d t h e li n e s o f t h e C h ic a g o R w y s . C o . t h e N o r t h a n d W e s t S i d e s .
R ig h t to P u r c h a s e b y C it y . — U n d e r t h e t e r m s o f t h e f r a n c h is e , t h e c o m p a n y
h a s a g re e d to w a iv e a ll r ig h t s u n d e r p r e v io u s g r a n t s , a n d h a s g r a n t e d th e
c i t y a n o p t io n t o p u r c h a s e a l l o f I t s p r o p e r t y f o r m u n i c i p a l o p e r a t i o n a t
a n y t im e p r i o r t o t h e e x p i r a t i o n o f t h e 2 0 - y e a r f r a n c h i s e g r a n t e d t h e c o m
p a n y b y th e o r d in a n c e
T n e p r i c e t o b e p a lu o y m e c i u
10 p e $ 3 0 ,
7 7 9 ,8 7 5 , th e v a lu a t io n o f th e p ro p e rtie s F e b r u a r y 1 1 9 0 7 , a s a b o v e m e n
t io n e d , p lu s a l l e x p e n d i t u r e s a f t e r t h a t d a t e f o r r e c o n s t r u c t i o n , e x t e n
d o n s a n d a d d i t i o n s t o t h e p r o p e r t ie s , I n c l u d i n g a n y a m o u n t s a d v a n c e d t o
t h e c i t y f o r c o n s t r u c t i o n o f s u b w a y s In t h e d o w n t o w n b u s in e s s d i s t r i c t .
I n c a s e t h e p r o p e r t y s h a ll n o t b e p u r c h a s e d , a s a b o v e s t a t e d , p r i o r t o 1 9 2 7 ,
t h e e x p i r a t io n o f t h e p r e s e n t f r a n c h i s e , t h e c i t y c o v e n a n t s t h a t I t w i l l n o t
t h e n g r a n t a f r a n c h i s e to a n y o t h e r c o r p o r a t i o n f o r t h e o p e r a t io n o f a c o m
p e t in g s y s t e m I n t h e c o m p a n y ’s t e r r i t o r y , u n le s s s u c h o t h e r c o r p o r a t i o n
s h a ll p u r c h a s e t h e p r o p e r t y o f t h e c o m p a n y a t s a id p r i c e .
T h e c it y a ls o
h a s t h e o p t io n o f r e q u i r in g t h e c o m p a n y t o s e ll I t s p r o p e r t y t o a n y o t h e r
lic e n s e e c o r p o r a t i o n o f t h e c i t y , o r t o p u r c h a s e t h e p r o p e r t y I t s e lf f o r m u n i c i
p a l o w n e r s h i p ( w i t h n o r e q u i r e m e n t a s t o m u n i c i p a l o p e r a t io n ) a t a n v t im e
d u r i n g t h e li f e o f t h e f r a n c h i s e ; b u t In c a s e o f s u c h p u r c h a s e b y t h e c i t y
o r a li c e n s e e , t h e p r i c e t o b e p a i d s h a l l b e 2 0 % m o r e t h a n t h e , p r i c e a b o v e
m e n t io n e d ; b u t t h e lic e n s e e s h a l l n o t b e r e q u i r e d t o p a y t h e a d d i t i o n a l 2 0 %
It I t s h a l l a g r e e t o p a y o v e r t o t h e c i t y a l l p r o f i t s i n e x c e s s o t 5 % o n t h e
I n v e s t m e n t . I n a n y e v e n t (1 ) t h e p u r c h a s e p r ic e m u s t b e p a id In c a s h a n d
d e p o s it e d I n n a t i o n a l o r S t a t e b a n k s , e a c h o f w h i c h m u s t h a v e a c a p it a l
a n d s u r p l u s o f a t le a s t $ 1 ,0 0 0 ,0 0 0 , a n d m u s t b e a p p r o v e d b y t h e c o m p a n y ,
a n d th e f ir s t m o rtg a g e b o n d s o f th e c o m p a n y w ill a t t a c h to s u c h c a s h a s a
f i r s t li e n In t h e e v e n t o f s u c h p u r c h a s e ; o r ( 2 ) s u c h p u r c h a s e ( If m a d e w i t h i n
s a i d 2 0 y e a r s ) m u s t b e c o n s u m m a t e d e x p r e s s l y s u b j e c t t o t h e li e n o f t h e 1 st
m t g . b o n d s , b u t If m a d e a t th e e x p ir a t io n o f s a id 2 0 y e a r s .t h e a m o u n t th e re o f
m u s t a l s o b e s o u a ld I n c a s h .
C otix j) 67isatiO T i t o C x t y •— T h e c o m p a n y Is e n t it l e d t o fl. s t m l ^ n t 5 * c e n t f o r e ,
w it h u n iv e r s a l t r a n s f e r s .
I n t u r n p r o v i s i o n Is m a d e f o r s p e c i a l c o m p e n s a
t io n t o t h e C i t y o f C h i c a g o , b u t t h i s c o m p e n s a t io n Is p a y a b le o n l y o u t o f
t h e s u r p lu s e a r n in g s o f th e c o m p a n y a f t e r p a y in g o r p r o v id in g f o r a ll o p
e r a t in g e x p e n s e s . I n c l u d i n g t h e c h a r g e s f o r m a in t e n a n c e a n d d e p r e c i a t io n
p r e s c r ib e d In th e o r d in a n c e , a n d 5 % u p o n th e v a lu a t io n o f th e c o m p a n y ’s
p r o p e r t y a t w h i c h I t m a y b e p u r c h a s e d b y t h e c i t y f o r m u n i c i p a l o p e r a t io n ,
a s a b o v e s t a t e d . O f t h e s u r p l u s e a r n i n g s s o r e m a i n i n g , t h e C i t y o f C h ic a g o
r e c e iv e s 5 5 % a n d t h e c o m p a n y 4 5 % .
,
C o n t r o l b y T r u s t e e s . — T h e t r u s t I n d e n t u r e s e c u r i n g t h e p a r t i c i p a t io n
c e r t i f i c a t e s p r o v i d e s t h a t u n t i l A u g . 1 1 9 1 2 , a n d to t h e f u l l e x t e n t t h e r e a f t e r
w h i c h m a y b e p e r m i t t e d b y la w u n t i l a l l o f t h e c o n s o li d a t e d m o r t g a g e b o n d s
o f th e c o m p a n y s h a ll b e f u l ly p a id a n d d is c h a rg e d , th e d ir e c t o r s o f th e
c o m p a n y s h a l l b e e le c t e d b y M e s s r s . A . C . B a r t l e t t . C h a u n c e y K e e p . C h a r le s
H H u l b u r d A lb e r t A . S p r a g u e a n d C h a r le s G . D a w e s o f C h ic a g o , a n d i r e
v i s i o n I s m a d e I n t h e t r u s t d e e d s e c u r i n g t h e 1 st m t g e . b o n d s f o r t h e a p p o i n t
m e n t o f a p e r m a n e n t f i n a n c e c o m m it t e e , c o m p o s e d o f M e s s r s . H e n r y A . B l a i r ,
C h a u n c e v K e e p a n d B . A . E o k b a r t o f C h ic a g o .
A c q u i s it io n o f C h ic a g o C o n s o lid a te d T r a c tio n P r o p e r t i e s .— O n D e c . 2 7 1 9 10
J u d g e G r o s s c u p c o n f i r m e d t h e s a le o f t h e C h i c . C o n s o l. T r a c . C o . a n d i t s
e i g h t u n d e r l y i n g c o m p a n ie s o n N o v . 3 0 1 9 1 0 t o A n d r e w C o o k e , a n d t h e
s a le b y t h e l a t t e r o f a l l p r o p e r t i e s w i t h i n t h e c i t y li m i t s t o t h e C h i c a g o R a i l
w ays Co
( V . 9 1 , P - 9 4 5 , 1 2 5 3 , 1 5 1 1 ) , p u r s u a n t to a n o r d in a n c e p a s s e d
O c t . 10 1 9 1 0 ( p la c in g v a lu a t io n a t $ 3 ,9 6 8 ,5 3 9 ), lik e In t e n o r, a m e n d a t o ry
a n d s u p p le m e n t a l t o o r d i n a n c e o f F e b . 11 1 9 0 7 ( V . 9 1 , p . 1 0 2 5 , 1 1 5 9 ) .
S e e r e o r g a n i z a t io n p la n , V . 9 0 , p . 1 6 1 3 ; V . 9 1 , p . 3 7 .
T h e lin e s o u t s i d e t h e
c i t y w e r e a c q u i r e d b y t h e C o u n t y T r a c t i o n C o . , w h i c h h a s n o c o n n e c t io n ,
e i t h e r c o r p o r a t e o r o p e r a t i n g ( e x c e p t a s n o t e d b e lo w ) , w i t h t h e C h i c a g o R y s .
O n N o v . 1 1 9 1 0 a d e p o s it a g r e e m e n t w a s e n t e r e d I n t o b y t h e h o l d e r s o f
t h e s e c u r i t i e s o f C h i c . C o n s o l. T r a c . a n d It s s u b s i d ia r i e s , p r o v i d i n g f o r t h e
e x c h a n g e o f s a id s e c u r it ie s f o r C h ic . R y s . C o . P u r c h a s e M o n e y 4 % to 5 %
b o n d s a n d A d ju s t m e n t In c o m e 4 % b o n d s , b o th d a te d J a n . 1 19 11 a n d m a
t u r in g F e b . 1 1 9 2 7 .
F o r d e s c rip t io n o f b o n d s a n d t e rm s o f e x c h a n g e ,
s e e t a b le b e lo w a n d V . 9 1 , p . 1 3 8 4 , a n d c o m p a r e V . 9 0 , p . 1 6 1 3 ; V . 9 1 , p . 2 1 4 .
T e m p o r a r y T r a n s f e r A r r a n g e m e n t w it h C o u n t y T r a c t i o n C o . — O n D e c . 3 1
1 9 1 0 , o w i n g t o J u d g e G r o s s c u p h a v in g e x p r e s s e d s t r o n g d i s a p p r o v a l o f t h e
e x t r a c h a rg e to p a s s e n g e rs t r a n s f e r r in g to a n d f ro m th e C o u n t y T r a c t io n
C o . a t t h e c i t y lin e , t h e c o m p a n y a g r e e d t o r e s t o r e t e m p o r a r i l y , u n t i l F e b . 12 ,
a 5 - c e n t f a r e t o t h e w e s t e r n s u b u r b s , i n o r d e r t o e n a b le t h e v a r i o u s p a r t i e s
t o c o n f e r a n d a r r a n g e a s e t t le m e n t o f t h e m a t t e r .
V . 92, p . 59.
C o n tra c t f o r P o w e r .— O n J u ly 3 0 19 09 th e c o m p a n y re a c h e d a n a g re e m e n t
w i t h t h e C o m m o n w e a lt h - E d i s o n C o . f o r p o w e r f o r a p e r i o d o f 6 y e a r s f r o m
F e b r u a r y 19 08.
V . 89, p . 34 8 .
W a g e s . — O n S e p t . 16 1 9 0 9 t h e c o m p a n y ’ s m e n v o t e d t o a c c e p t a n a g r e e
m e n t r u n n in g f o r 3 y e a r s , p r o v id in g f o r 28 c e n ts a n h o u r fo r fir s t y e a r,
2 9 c e n ts th e s e c o n d a n d 3 0 c e n ts th e t h ir d y e a r .
V . 89, p . 7 2 0 .
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S t o c k . — T h e c a p i t a l s t o c k o f t h e c o m p a n y , w h i c h Is is s u e d I n t h e n o m i n a l
a m o u n t o f $ 1 0 0 ,0 0 0 , h a s b e e n m a d e th e s u b je c t o f a t r u s t a g re e m e n t d a te d
A u g . 1 1 9 0 7 , a n d e x e c u t e d J a n . 2 5 1 9 0 8 , b y a n d b e tw e e n th e C h ic a g o R a i l
w a y s C o . a n d M e s s rs . A d o lp h u s C . B a r t le t t C h a u n c e y K e e p , C h a r le s H .
H u l b u r d , A lb e r t A . S p r a g u e a n d C h a r le s G . D a w e s , a s d e p o s it a r ie s , a n d
C e n t r a l T r u s t C o m p a n y o f N e w Y o r k , a s c u s t o d ia n .
U n d e r t h is a g re e m e n t
t h e s t o c k s e r v e s a s a b a s is f o r t h e I s s u e o f t h e p a r t i c i p a t i o n c e r t i f i c a t e s ,
r e n r c s c n t l i u r I n a l l 2 6 5 , 1 0 0 c n i u i l p < irt s .
S e r ie s 1 c o n s i s t s o f 3 0 , 8 0 0 p a r t s ,
S e r i e s 2 °o f 1 2 4 , Z 0 0 p a r t s . S e r ie s 3 o f 6 0 , 0 0 0 p a r t s a n d S e r i e s 4 o f 5 0 , 0 0 0 p a r t s
S e rie s 1 2 a n d 3 a re e n t it le d , In th e o r d e r o f p r io r it y n a m e d , to c u m u la t iv e
d i v i d e n d s o f $ 8 f o r e a c h p a r t , b e g i n n i n g w i t h y e a r e n d in g A u g . 1 1 9 0 8 , a n d In
t h e d i s t r i b u t i o n o f c a p i t a l to $ 1 0 0 f o r e a c h s a i d p a r t .
S e r ie s 4 Is e n t it le d
to a n y r e m a in in g p r o f it s o r c a p it a l d is t r ib u t e d .
V . 85 p . 1269.
D i v i d e n d s o n p a r t i c i p a t i o n c e r t i f i c a t e s S e r ie s 2 a r e li m i t e d t o 5 4 o n e a c h
c e r t i f i c a t e s o lo n g a s m o r e t h a n 5 0 % o f S e r ie s C b o n d s r e m a i n o u t s t a n d i n g ,
a n d t h e r e a f t e r t o $ 5 p e r c e r t i f i c a t e u n t i l t h e r e m a i n d e r o f S e r ie s C b o n d s
h a v e b e e n re d e e m e d .
S e r ie s 2 , h o w e v e r . Is e n t i t l e d t o u n p a i d a c c u m u la t i o n
o n a c c o u n t o f It s $ 8 p e r c e r t i f i c a t e ( b e g in n i n g w i t h t h e y e a r e n d in g A u g . 1
1 9 0 8 ) , b u t o n l y w h e n e a r n e d , a n d a f t e r p a y m e n t o f a l l a c c u m u la t i o n s o f
s i n k i n g f u n d a n d o f d i v i d e n d s o n S e r ie s 1 .
, , ,
, „
. . .
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t a t i o n , e x t e n s io n s . & c .
T h e y m a y b e re d e e m e d a t p a r a n d a c c ru e d In te re s t
o n a n y In t e re s t d a y .
T h e b o n d s h a v e a f ir s t li e n o n t h e e n t i r e p r o p e r t y ,
r ig h t s a n d f r a n c h is e s o f th e c o m p a n y .
T h e a u t h o r i z e d Is s u e Is li m i t e d to
t h e a g g r e g a t e o f t h e a m o u n t s a n p r o v e d f r o m t im e to t im e b y t h e b o a r d o f
s u p e r v i s i n g e n g in e e r s .
S e e f u l l p a r t i c u l a r s o f b o n d s , p r o p e r t y , & c . , In
V . 8 6, p . 5 4 5 ; V . 8 8 . p . 14 36 , 1619; V . 90, p . 3 0 2 .
T h e c o n s o lid a t e d m o r t g a g e c o n s is t s o f S e r ie s A f o r $ 1 8 , 6 0 0 , 0 0 0 , S e r ie s B
f o r $ 1 7 , 1 9 4 , 0 0 0 a n d S e r ie s C f o r $ 3 , 0 6 9 , 0 4 9 ( o r i g i n a l l y $ 4 , 0 0 0 , 0 0 0 . b u t
r e d u c e d to t h is a m o u n t b y s in k in g f u n d ) , m a k in g $ 3 8 ,8 6 3 ,0 4 9 to g e t h e r
S e r ie s C b o n d s h a v e s in k in g f u n d o f $ 2 5 0 , 0 0 0 p e r a n n u m . If e a rn e d , b e g in
n in g A u g . 1 19 0 8 , b u t c u m u la t iv e u n t il p a id .
O f t h e S e r ie s A b o n d s ,
$ 9 , 3 3 4 , 8 0 0 a r e o u t s t a n d i n g I n h a n d s o f p u b l i c , $ 6 , 7 6 7 , 2 0 0 a r e d e p o s it e d
a s c o l la t e r a l f o r t h e $ 5 , 0 0 0 , 0 0 0 6 % 5 - y e a r " c o l l a t e r a l ’ n o t e s a n d $ 1 , 6 6 6 , 0 0 0
f o r t h e 5 - y e a r 6 % $ 1 , 2 0 0 , 0 0 0 “ f u n d in g n o t e s ; ” a l s o $ 8 3 2 , 0 0 0 a s s e c u r i t y fo r
$ 4 9 8 ,0 0 0 5 % n o te s.
S ee p a r t ic u la r s V . 8 6 . p . 1 2 2 3 .
O f S c rie s B b o n d s ,
$ 1 6 9 1 0 , 5 7 5 a r e o u t s t a n d i n g , $ 2 5 3 , 9 0 0 a r e In t r e a s u r y a n d 5 2 9 , 5 2 5 a r e r e
se rv e d .
O f S e r ie s C b o n d s , $ 2 , 6 4 0 , 3 6 0 a r e o u t s t a n d i n g , $ 9 1 , 0 0 0 I n t r e a s
u r y a n d $ 3 3 7 ,6 8 9 a re re s e rv e d .
B o n d s o f t h r e e s e r ie s b e a r I n t e r e s t a t 4 %
u n t i l F e b . 1 1 9 1 2 a n d 5 % t h e r e a f t e r , b u t b o n d s o f S e r ie s A , h e ld b y t r u s t e e s
o f n o te s , b o a r f u ll 5 % fro m d a t e o f Is s u e .
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n o t e s a n d $ 1 , 2 0 0 , 0 0 0 " f u n d i n g ” n o t e s a r e r e d e e m a b le a t p a r & i n t .
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$ 5 0 0 , 0 0 0 c o l l, n o t e s a r e n o t r e d e e m a b le .
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th e re a fte r 5 % p e r a n n .
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I n t . Is p a y a b le o n l y I f e a r n e d a n d Is n o t c u m u l a t i v e .
I n t . o n b o th p u r c h . m o n e y m tg e . a n d a d ju s t , in c . m tg e s . p a y a b le a t c o . s
o f f ic e o r a t a g e n c y o f c o m p a n y In C h ic a g o .
D I V I D E N D . — A n In it ia l d iv id e n d o f 4 % w a s p a id N o v . 1 5 1 9 0 8 o n
S e r ie s 1 p a r t ic ip a t io n c e r t if ic a t e s .
O n S e p t . 1 1 9 0 9 8 % w a s p a i d o n S e r ie s 1
c e r t ific a t e s .
R O A D . — C o m p r i s e s 4 4 5 . 3 3 m ile s o f t r a c k ( I n c l u d i n g 1 2 8 m ile s o f t h e
f o r m e r C h i c a g o C o n s o li d a t e d T r a c t i o n li n e s ) , s e r v i n g t h e d o w n t o w n a s w e ll
a s t h e e n t i r e N o r t h a n d W e s t s id e s o f t h e c i t y .
E Q U I P M E N T . — H a s m o re t h a n 1 ,5 0 0 d o u b le - t r u c k c a r s , o f w h ic h 1 ,0 0 0
a r e n e w " p a y - a s - y o u - e n t e r ” c a r s . In o p e ra t io n .
O f o ld - s t y le d o u b le -t r u c k
c a r s 3 2 8 a r c b e in g r e m o d e le d I n t o " p a y - a s - y o u - e n t e r ” c a r s .
O n t h e lin e s
o f t h e f o r m e r C h i c a g o C o n s o l. T r a c t i o n C o . 2 1 5 n e w d o u b l e - t r u c k c a r s a r e
t o b e p la c e d a t “ t h e e a r li e s t p r a c t i c a b l e m o m e n t s . ”
L A T E S T E A R N I N G S . — F o r y e a r e n d . J a n . 3 1 1 9 1 1 ( p a r t l y e s t im a t e d ) ,
I n c l u d i n g a p p r o x . 1 m o s . ’ e a r n , o f C h i c . C o n s o l. T r a c . p r o p e r t y , g r o s s ,
$ 1 3 9 3 5 0 0 0 - o p e r. e x p ., ln c l. t a x e s a n d m a in t e n a n c e , $ 9 ,7 5 4 ,5 0 0 ; n e t,
$ 4 ,1 8 0 ,5 0 0 ; In t e re s t , $ 1 ,2 7 0 ,0 0 0 ; s u r p lu s , $ 2 ,9 1 0 ,5 0 0 .
R E P O R T . — T h e a n n u a l r e p o r t f o r y e a r e n d in g J a n . 3 1 1 9 1 0 w i ll b e f o u n d
In V . 90, p . 10 9 9 .
P a s s e n g e r s c a r r i e d d u r i n g y e a r e n d in g J a n . 3 1 1 9 1 0 ,
4 2 7 , 1 3 8 , 3 8 0 , o f w h ic h 2 4 5 , 5 1 0 , 6 5 5 w e r e r e v e n u e , 4 . 3 0 3 , 1 4 5 f r e e . 1 7 7 , 3 2 4 , 5 8 0
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w e r e m a d e t o t h e h o l d e r s o f p a r t i c i p a t i o n c e r t i f i c a t e s , S e r ie s 1 .
O F F I C E R S . — C h a ir m a n B o a r d o f D ir e c t o r s , H e n r y A . B la ir ; P r e s ., J o h n
M . R o a c h ; V . - P s . , W a l l a c e H e c k m a n a n d R . G . H u t c h i n s : S e c ., F . L . H u p p ;
T re a s ., M . B . O rd e .
I N D E X . — V . 8 7, p . 6 7 7 , 1 0 1 0 , 1 1 5 9 , 1 2 3 7 , 1 29 9 , 1 3 5 7 , 14 1 9 , 1 5 3 2 ; V .8 8 ,
p . 5 2 . 99, 158 , 2 9 4 , 3 7 4 , 4 5 1 , 5 0 1 , 8 1 9 . 1 1 2 4 . 14 3 6 , 16 19 ; V . 8 9, p .1 5 9 .
29 5 . 34 8 , 7 2 0 ; V . 90, p . 3 0 2 , 446, 559 , 1 0 9 9 . 136 2 , 1424, 148 9; V . 91, p . 716 ,
1 0 2 5 , 116 0, 138 5, 1629, 1765; V . 92, p . 59, 26 0, 3 2 1 .
COUNTY TRACTION CO.— A trolley road.
O r g a n i z a t io n .— In c o r p . In 1 9 1 0 .
O n D e c. 29 1910 to o k o v e r th e p ro p e r
t ie s o f t h e C h i c . C o n s o l. T r a c . l y i n g o u t s id e t h e c i t y l i m i t s .
P a sse n g e rs
w e r e a t f i r s t r e q u i r e d t o c h a n g e c a r s a t c i t y li n e a n d p a y a n a d d i t i o n a l f a r e ,
b u t . o w in g t o p o p u l a r d is p le a s u r e , a n a r b i t r a t i o n t r u c e w a s m a d e , e x t e n d i n g
t o M a r c h 2 8 1 9 1 0 , c a l l i n g f o r o l d f a r e , t h o u g h w it h s t i l l t h e c h a n g e o f c a r s .
V . 9 2 , p . 186.
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CHICAGO & OAK PARK ELEVATED RY.
P r o p o s e d M e r g e r . — F o r p r o p o s e d m e r g e r w it h o t h e r C h i c a g o e le v a t e d
r o a d s s e e V . 9 0 . p . 12-10, 1 6 7 6 ; V . 9 1 , p . 3 3 6 .
O R G A N I Z A T I O N . — T h i s c o m p a n y w a s I n c o r p o r a t e d In N e w J e r s e y o n
A p r i l 2 2 1 9 0 4 t o h o ld t h e s e c u r i t i e s o f t h e C h i c a g o & O a k P a r k E l e v a t e d
R a i l r o a d C o . , f o r m e r ly t h e o ld L a k e S t r e e t E l e v a t e d R R . , r e o r g a n i z e d p e r
p la n i n V . 7 7 , p . 1 3 7 4 ; V . 7 8 , p . 1 3 9 2 .
B e s id e s $ 9 , 1 6 7 , 9 9 2 s t o c k a n d $ 8 7 0 ,
9 0 0 I n c o m e b o n d s , a ls o h o l d s $ 1 , 6 0 8 , 5 0 0 n o t e s o f t h e C h i c a g o & O a k P a r k
E le v a t e d R a i l r o a d C o . is s u e d b y t h a t c o m p a n y f o r lo a n s m a d e t o I t b y t h e
R a ilw a y C o .
T h e o ld L a k e S t r e e t $ 1 0 , 0 0 0 , 0 0 0 o f c o m m o n s t o c k p a i d a n
a s s e s s m e n t o f $ 2 p e r s h a r e , a n d r e c e iv e d $ 4 In n e w p r e f e r r e d a n d $ 4 0 in n e w
c o m m o n s t o c k f o r e a c h s h a r e o f o ld s t o c k .
I n c o m e b o n d h o ld e r s r e c e iv e d
8 0 % In n e w p r e f e r r e d s t o c k .
O u tsta n d in g .
M a tu rity .
STO CK AN D BONDS—
D a te.
In te re st.
$ 5 ,6 6 3 ,6 0 0
........................
C o m m o n , $ 6 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) .........................................
3 ,0 5 1 ,3 0 0
............... . . .
P r e f , $ 3 , 2 0 0 , 0 0 0 , 5 % n - c , ( $ 1 0 0 ) ............................ ..
5 ,. 0 0 0 ,.0 0 0 J u l y_ 1 1 0 2 8
L a k e S t E l 1st M , $ 5 ,0 0 0 ,0 0 0 ,f 18 9 3
5 J-J
g u a r b y N W E l ______________{ A m e r i c a n T r u s t <& S a v B a n k , C h i c a g o , a n d
l
C e n t r a l T r u s t o f Illin o is , C h ic . , T r u s t e e s .
2
3 5 0 ,0 0 0
See te x t.
D e b n o t e ( C & O P E l R R ) _____ 1 9 0 4
N o t e s p a y a b le D e c 3 1 1 9 1 0 ...........................................
1 ,2 0 7 ,1 7 3
........................
B o n d s . — F i r s t m o r t g a g e b o n d s a s s e n t in g t o r e o r g a n i z a t io n w e r e s t a m p e d
s u b je c t to c a ll a t 10 5 a n d In t e re s t o n a n y In t e re s t d a t e .
T h e d e b e n tu re
n o t e w a s Is s u e d b y t h e C h i c . & O a k P a r k E l . R R . f o r t h e c la i m o f t h e N o r t h
W e s t e r n E l e v a t e d R R . , a m o u n t i n g t o $ 7 7 0 , 0 8 5 , a n d Is g u a r a n t e e d b y t h e
C h ic . & O a k P a r k E l . R y . ; It b e c a m e d u o J a n . 1 19 09 b u t h a s b o en e x t e n d e d
on d e m a n d .
T h o o ld ln c o m o b o n d s , w i t h t h o o x c o p t lo n o f a b o u t $ 1 3 0 , 0 0 0 ,
a r e h e ld I n t h e t r e a s u r y o f t h e r a i l w a y c o m p a n y .
R O A D . — O w n s a d o u b l e - t r a c k e le v a t e d r a i l w a y f r o m F i f t h A v e n u e a n d
L a k e S t re e t to 5 2 d S t. a n d L a k e S t ., w it h s p u r d o w n M a r k e t S t. to M a d is o n
S t.
C o n n e c t s w i t h S u b u r b a n R R . f o r t r a f f i c o u t s id e t h e c i t y .
V . 6 5 ,p .2 3 6 .
T r a i n s b e g a n r u n n i n g a r o u n d t h e lo o p I n O c t . 1 8 9 7 .
C h ic . & H a r le m fo rm s
a n e x t e n s io n c o m p r is i n g 4 m ile s m o r e o f d o u b l e t r a c k .
T o t a l s i n g le r a c k ,
2 2 m ile s .
R E P O R T . — F o r y e a r s e n d in g J u n e 3 0 f o r R a i l r o a d C o .
F ig u r e s fo r
1908.
P a s s e n g e r e a r n i n g s ...........
O t h e r e a r n i n g s . ................
19 09.
$ 7 8 6 ,6 0 0
3 8 ,8 5 3
T o t a l e a r n i n g s ________
O p e r a t i n g e x p e n s e s _____
$ 8 2 5 ,4 5 3
5 1 7 ,0 1 0
$ 8 6 9 ,8 9 2
5 3 7 ,2 5 9
N e t e a r n i n g s . . .............
O t h e r I n c o m e ____________
$ 3 0 8 ,4 4 3
$ 3 3 2 ,6 3 3
232
1907.
$ 8 0 9 ,8 6 7
1 9 ,3 7 6
1906.
$ 8 6 3 ,6 3 7
2 3 ,1 4 6
$ 8 8 9 ,2 4 3
5 2 7 ,1 8 0
$ 3 6 2 ,0 0 3
3 ,3 2 6
$ 8 8 6 ,7 8 3
5 0 5 ,5 3 9
$ 3 8 1 ,2 4 4
3 ,7 7 2
$ 3 8 5 ,0 1 6
4 2 5 ,0 7 2
$ 3 0 5 ,3 8 9
$ 3 3 2 ,8 6 5
$ 3 0 8 ,4 4 3
T o t a l I n c o m e ..................
4 2 9 ,3 3 4
4 3 8 ,0 5 4
4 5 0 ,7 3 5
F i x e d c h a r g e s . ..................
B a l a n c e ..........................d e f . $ 1 4 2 , 2 9 2 d e f . $ 1 0 5 , 1 8 9 d e l . $ 6 3 , 9 4 5 d e f . $ 4 0 , 0 5 5
O F F I C E R S . — P re s ., R e d m o n d D . S te p h e n s : V . - P . , K e n n e t h K . M c L a r e n ,
S e c. a n d T r e a s ., W illia m V G r if f in , 1 1 1 7 M e rc h a n t s ’ L o a n & T r u s t B ld g .;
C h ic a g o .— V . 8 4 , p . 2 1 8 , 5 6 9 , 9 9 6 ; V . 8 6 . p . 3 3 7 .
LOOP ROAD.—
S ee U n io n E le v a t e d .
METROPOLITAN WEST SIDE ELEVATED
R Y . — A n e le c t r ic ro a d .
P r o p o s e d E l e v a t e d M e r g e r . — F o r p r o p o s e d m e r g e r w i t h o t h e r e le v a t e d
ro a d s , se e V . 9 0 , p . 1 2 4 0 , 16 7 6 ; V . 9 1 , p . 3 3 6 .
O R G A N I Z A T I O N . — O r g a n i z e d I n I l l i n o i s J a n . 16 1 8 9 9 .
S u cce sso r on
F e b . 3 1 8 9 9 ( p e r p la n In V . 6 7 . p 1 2 6 ) t o t h e R a i l r o a d C o . s o ld u n d e r f o r e
c lo s u r e o n J a n . 4 1 8 9 9 .
I n J u ly 1 9 0 5 re fu s e d to a c c e p t c it y o r d in a n c e p e r
m it t in g It to c a r r y e x p re s s m a t t e r a n a m ilk .
V . 8 1, p . 508.
F r a n c h is e
e x p ir e s A p r . 7 1 9 4 2 . V o t in g t r u s t e x p ir e d F e b . 1 1 9 0 4 . V . 7 8 , p 3 4 3 .
O u t s t a n d ’ g . M a t u r i t y ,e tc.
STO CK AN D BONDS—
D a te .
I n ter es t.
$ 7 ,4 6 4 ,1 0 0
........................
C o m m o n , $ 7 , 5 0 0 , 0 0 0 ___________ _______
__________
8 ,7 0 7 ,9 0 0 M a r. ’ 1 1 , H %
P r e f , 5 % n o n - c , $ 9 , 0 0 0 , 0 0 0 ..................
Q -M
1 0 , 0 0 0 , 0 0 0. A u g
1 st m tg , $ 1 0 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) f 1898
4 g F -A
__________
_ 1 1938
g o l d __________________________c * ( C e n t . T r u s t C o . , N . Y . , a n d G . S h e r m a n , T r .
(In t e r e s t a t C e n t. T r u s t C o ., N . Y . a n d C h ic .
E x t.
m o rtg a g e . $ 5 ,0 0 0 ,0 0 0 ) 19 01
4 g J-J
4 ,0 3 3 .0 0 0 J u ly 1 19 38
( $ 1 , 0 0 0 ) , g o ld , r e d . a t 1 0 5 ) N o r t h e r n
T ru st
C o .,
C h ic a g o ,
T ru ste e ,
o n a n y In t e re s t d a y o n 4 1In t e r e s t a t c o m p a n y ’s o f f ic e In C h ic a g o , o r
w e e k s ’ n o t i c e ------------------ c * J
C e n t ra l T r u s t C o ., N e w Y o r k .
Col
g o ld
bonds
($ 1 ,0 0 0 ).\ 19 06
5 g A -0
2 :1 0 , 0 0 0
See te x t
S e e r e m a r k s ........... ................... j l n t . a t M e r c h . L o a n & T r . C o . . C h i c . , T r u s t e e .
T h e e x t e n s io n m o r t g a g e o f 1 9 0 1 c o v e r s t h e e x t e n s i o n a s a f i r s t H e n ,
a ls o 6 8 c a r s , a 3 , 5 0 0 H . P . e n g in e a n d t h e n e w d o w n - t o w n t e r m i n a l ; t h e
b o n d s a ls o c o v e r t h e r e s t o f t h e p r o p e r t y a s a s e c o n d l i e n , s u b j e c t t o t h e
$ 1 0 ,0 0 0 ,0 0 0 f ir s t m tg e .
V . 7 2 , p . 1080; V . 7 5 , p . 29; V . 86, p . 116 0.
T h e c o l la t e r a l b o n d s o f 1 9 0 6 a r e p a y a b le s e r ia l l y , $ 5 0 , 0 0 0 e a c h s i x m o n t h s ,
f r o m A p r i l 1 1 9 0 7 t o O c t . 1 1 9 1 2 ; t o t a l Is s u e w a s $ 6 0 0 , 0 0 0 , b u t $ 5 0 , 0 0 0 ,
m a t u r e d s e m i - a n n u a l ly f r o m A p r i l 1 1 9 0 7 to O c t . 1 1 9 1 0 , I n c l u s i v e .
They
a r e s e c u r e d b y a d e p o s it o f f ir s t m t g e . e x t e n s io n b o n d s a t t h e r a t e o f $ 7 5 , 0 0 0
b o n d s f o r e a c h $ 5 0 , 0 0 0 o f p r e s e n t Is s u e .
T h e y a r e r e d e e m a b le o n a n y I n t .
d a y o n 3 0 d a y s ’ n o t ic e a t 1 0 1 a n d I n t e r e s t .
V . 84, p. 1114.
H a s g u a r a n t e e d $ 4 0 7 0 0 0 b o n d s o f U n io n C o n s o li d a t e d E l e v a t e d .
R E P O R T . — F is c a l y e a r e n d s D e c . 3 1 .
R e p o r t f o r y e a r 1 9 1 0 w ill b e
fo u n d in V . 9 2 . p . 4 5 6 .
1910.
1907.
1908.
1909.
5 4 ,2 8 0 .8 8 8
P a s s e n g e r s c a r r i e d --------- . 5 7 , 2 2 9 , 8 8 6
5 1 ,5 8 7 ,6 6 7
5 2 ,5 1 9 .6 0 9
P a s s e n g e r e a r n i n g s --------- .$ 2 , 9 3 6 , 9 9 9
M i s c e l l a n e o u s ------------------ .
1 3 2 ,9 4 6
$ 2 ,6 9 5 ,2 3 0
1 2 3 ,2 0 0
$ 2 ,6 4 3 ,6 3 5
1 0 3 ,2 0 5
O p e r a t in g
O th e r
e x p e n s e s ------- .
1 ,5 5 6 .0 1 5
$ 2 ,8 1 8 ,4 3 0
1 ,4 1 8 ,0 7 6
I n c o m e .................... .
8 ,7 7 0
$ 1 ,4 0 0 ,3 5 4
1 1 ,1 6 0
$ 2 ,7 4 6 ,8 4 0
1 ,4 1 0 ,8 0 1
$ 1 ,3 3 6 ,0 3 9
1 0 ,1 2 6
$ 1 ,4 1 1 ,5 1 4
$ 1 ,3 4 6 ,1 6 5
$ 2 9 9 ,6 7 4
1 8 0 ,8 9 3
5 8 2 ,0 2 9
$ 2 9 4 ,9 9 5
1 9 7 ,7 3 6
5 9 2 ,0 1 9
T o t a l ................................. . $ 1 , 5 2 2 , 7 0 0
D ed u c t—
$ 3 2 3 ,1 8 6
R e n t a l s ____________________ .
1 8 0 ,2 5 2
T a x e s , $ cc_________________ .
5 7 6 ,5 3 1
I n t e r e s t ____________________ .
P r e f . d i v i d e n d s .....................( 3 ) 2 6 1 , 2 3 7
$ 2 ,7 7 8 ,5 9 7
9 9 ,9 9 1
$ 2 ,8 7 8 ,5 8 8
1 ,4 4 3 ,4 9 9
$ 1 ,4 3 5 ,0 8 9
6 ,8 2 0
$ 2 9 9 ,0 4 4
1 7 0 ,3 0 0
5 7 4 ,6 9 0
(Z y i)\ 9 5 ,9 2 8
B a l a n c e ..........................s u r . $ 1 8 1 , 4 9 4 s u r $ 3 4 8 , 9 1 8 s u r $ 2 0 1 , 4 1 5 s u r $ 1 9 5 ,8 .'
F e b . 2 8 1 0 0 3 , 1 )4 % ; In 1 9 0 7 , M a r c h 3 0 , H % : J u n e 2 9 , H % :
S e P 4 *,? ® *
u % • n o n e to M a rc h 19 10 w h e n 4 %
( Q .) w a s p a i d ; J u n e , J i % ; S c p t . , u / o
D e c ., H % .
In 1911, M a rch , A % ■
R O A D . — F r o m t e r m i n a l s t a t i o n a t 5 t h A v c . w e s t e r ly a b o u t 6 ) 4 m i le s ,
w i t h b r a n c h e s ; t o t a l le n g t h o f r o a d ( I n c l u d i n g D o u g la s P a r k b r a n c h a n d
e x t e n s io n a n d G a r t le ld P a r k b r a n c h ) , 1 8 .4 9 m ile s ; t h e f ir s t 1 . 6 7 m i le s a r e
f o u r t r a c k s , t h e r e s t t w o t r a c k s , m a k i n g s i n g l e - t r a c k m ile s 4 1 . 1 4 ; a ls o le a s e s
t h e U n i o n E l e v a t e d , 0 . 3 8 m i le , t h e U n i o n C o n s o li d a t e d E l e v a t e d H R . , 4
m ile s , a n d le a s e s 3 . 3 m i le s f r o m A u r o r a E l g i n & C h i c a g o R R .
T o ta l o p e r
a t e d 5 1 . 5 m i le s o f t r a c k , e x c l u s iv e o f s i d e t r a c k s .
R i g h t o f w a y Is o w n e d
In f e e .
E q u ip m e n t J a n . 1 1 9 1 1 c o n s is te d o f 2 2 5 m o t o r c a rs , l f l l c o a c h e s
a n d 1 0 1 c o n t r o l- c o a c h e s a n d 1 7 m is c e lla n e o u s .
G a u g e , 4 ft . 8 M In .
O n M a r c h 11 1 9 0 5 t h e c a r s o f t h e A u r o r a E l g i n & C h i c a g o R y . b e g a n
o p e r a t i n g o v e r t h i s c o m p a n y ’s li n e s t o t h e 5 t h A v e . t e r m i n a l u n d e r a t r a f f i c
a g r e e m e n t , t h e M e t . W e s t S id e , I n t u r n , s e c u r i n g t h e r i g h t t o t h e t e r r i t o r y
w e s t o f t h e 5 2 d A v e . t e r m i n a l o n t h e G a r f i e ld P a r k li n e a s f a r a s t h e D e s
P la i n e s R i v e r , a b o u t 3 . 3 m ile s d o u b l e t r a c k .
V . 79 p . 1704.
O F F I C E R S . — P r e s . & G e n . M g r . , B . I . B u d d ; V . - P . , H o w a r d G . H e t z lc r ;
S e c & T r e a s . , P a u l D . S e x t o n : A s s t . S e e . & A s s t . T r c a s . . W . F . H o lt z ;
A u ri
T B . M cR ae.
O f f ic e , 169 J a c k s o n B o u le v a r d , C h ic a g o .— V . 8 8 . p .
3 7 5 , '4 4 9 . 1 3 1 3 ; V . 8 9 , p . 1 6 6 8 ; V . 9 0 , p . 5 4 , 2 3 6 , 4 9 9 , 1 6 7 6 ; V . 9 1 . p . 3 3 6 ;
V . 92. p\ 396, 456.
________
t r u s t f o r t h e S o u t h S id e E l e v a t e d I n c a s e t h a t c o m p a n y s h o u ld a t a n y t im e
w is h t o a b s o r b I t .
I s le a s e d t o t h e S o u t h S id e E l e v a t e d f o r 5 0 y e a r s ( w l t n
r i g h t t o p u r c h a s e a t c o s t w i t h i n 2 0 y e a r s ) , r e n t a l b e in g I n t e r e s t o n b o n d s ,
ta x e s, & e.
F r a n c h is e s a re w it h o u t lim it .
STO CK AND BONDS—
D a te .
In terest.
O u t s ta n d in g .
M a tu r ity .
S t o c k ...............................................................
- ..............
See te x t.
--------------------1st m tg e . $ 2 ,3 2 7 ,0 0 0 , g o ld l 1 9 0 5
4 g M -S
$ 2 ,3 2 7 ,0 0 0 M c h 1 19 4 5
( $ 1 , 0 0 0 ) . g u a r p & 1_____c * J F i r s t T r u s t & S a v . B a n k . C h i c a g o , T r u s t e e .
B o n d s .— A r e s u b je c t to c a ll a t 1 0 5 a n d In t .
I n e v e n t o f c o n s o li d a t i o n w i t h
S o u t h S id e E l e v . , t h i s I s s u e o f b o n d s Is t o b e r e t i r e d .
V . 80, p. 8 71.
Bonds
a r e g u a r ., p . & I., b y C h ic . J u n e . R y s . & U n . S t k . Y d s . C o . S e e V . 8 2 , p .5 6 8 .
R O A D . — C o n s is t s o f a n e le v a t e d r o a d ( f r o m J u n c t i o n w i t h S o u t h S id e
•*L” a t 4 0 t h S t r e e t ) t o t h e S t o c k Y a r d s , a n d a lo o p a r o u n d t h e s a m e , 3 . 7 5
m ile s .
W a s c o m p le t e d i n M a y 1 9 0 8 .
O F F I C E R S . — P r e s ., J o h n A . S p o o r; V . - P . , R ic h a r d F it z g e r a ld ; S e c .,
H . E . P o ro n to ; T re a s ., R . B . T h o m p so n ; A u d ., C . C . C h a c e .— V . 8 7, p . 3 4 6 .
NORTHWESTERN ELEVATED RR.
P r o p o s e d M e r g e r o j C h i c a g o E l e v a t e d L i n e s . — N e g o t ia t io n s w e r e r e s u m e d
I n 1 9 1 0 lo o k in g t o t h e m e r g e r o f t h e f o u r e le v a t e d r o a d s .
See V . 90, p . 1240.
1676; V . 9 1 , p . 3 3 6 ,1 7 6 8 .
,
O R G A N I Z A T I O N . — R o a d w a s f o r m a l l y o p e n e d f o r b u s in e s s o n M a y 31
1900.
V . 7 0, p . 1049
I n S e p t. 19 01 th e U n io n E le v a t e d R R . w a s a c q u ir e d .
T h e n e w m o rtg a g e
f o r $ 2 5 ,0 0 0 ,0 0 0 w a s a u t h o r iz e d f o r t h is p u rp o s e a n d f o r r e f u n d in g th e 5 %
b o n d s a n d f o r e x t e n s io n s , & c .
„
A n a d d i t i o n a l $ 3 , 0 0 0 , 0 0 0 o f t h e s e b o n d s w a s I s s u e d I n A u g . 1 9 0 6 t o p ro _
v i d e f o r t h e R a v e n s w o o d e x t e n s io n , a n d a u t h o r i z e d a m o u n t o f p r e f e r r e d
s t o c k w a s I n c r e a s e d t o $ 2 5 , 0 0 0 , 0 0 0 to p r o v i d e f o r c o n v e r t i b l e f e a t u r e o f
new b on ds.
See V . 83 p . 436.
STO CK AN D BONDS—
D a te .
In ter es t
O u ts ta n d in g .
M a tu rity .
S t o c k , $ 5 , 0 0 0 , 0 0 0 ................................................ - ............
$ 5 ,0 0 0 ,0 0 0
........................
P r e f s t k , 5 % , n -c , $ 2 5 ,0 0 0 ,0 0 0 .
Q -J 18
5 , 0 0 0 , 0 0 0 J a n 1 8 , ’ 1 1 .1 %
F ir s t
r e fu n d in g
m o rtg a g e ,1 19 01
4 g M -S
1 8 ,0 0 0 ,0 0 0
S e p t 1 1911
$ 2 5 ,0 0 0 ,0 0 0 ,
co n v,
g o ld / in t e r e s t a t Illin o is T r u s t & S a v in g s B a n k ,
($ 1 ,0 0 0 , $ 5 ,0 0 0 , $ 1 0 ,0 0 0 ) .]
C h ic a g o , T r u s t e e , o r B l a ir & C o ., N . Y .
B o n d s . — O f t h e n e w $ 2 5 , 0 0 0 , 0 0 0 m t g e . , p r e s e n t I s s u e Is $ 1 9 , 0 0 0 , 0 0 0 , o f
w h i c h $ 1 , 0 0 • ,0 0 0 r e m a i n s I n t h e t r e a s u r y a v a i l a b l e f o r I m p r o v e m e n t s , & c .
T h e n e w b o n d s a r e c o n v e r t ib le a t th e o p t io n o f th e h o ld e r In t o p re fe rre d
s t o c k , a n d c a n b e r e d e e m e d a t a n y t im e a t t h e o p t i o n o f t h e c o m p a n y a t
1 0 2 ) 4 a n d a c c r u e d In t e r e s t o n o r a f t e r S e p t . 1 1 0 0 6 .
I f c a lle d f o r re d e m p
t i o n , t h e h o l d e r w i l l h a v e t h e r i g h t e v e n t h e n t o t a k e p r e f e r r e d s t o c k In
**e ' v o t i n g ^ T r u s L — i f o t ^ ' t h e * c o m m o n a n d p r e f e r r e d s t o c k s h a v e b e e n d e p o s
it e d w it h t h e I llin o is T r u s t & S a v in g s B a n k , d e p o s it a r y , u n d e r v o t in g t r u s t
a g r e e m e n t , v e s t i n g c o n t r o l o f t h e c o m p a n y In t h e h a n d s o f t h e v o t i n g t r u s t t e e s , c o n s i s t i n g o f J o h n J . M it c h e ll, C h a u n c e y K e e p a n d J a m e s A . B l a i r ,
u n t il M a r c h 1 1 9 0 6 , o r u n t il d iv id e n d s s h a ll h a v e b e e n p a id f o r t h re e c o n
s e c u t iv e y e a r s o n p re fe rre d s t o c k .
R E P O R T . — F o r y e a r s e n d in g J u n e 3 0 ( I n c l u d i n g U n i o n E l e v a t e d ) se e
V 91, p. 866.
P a s s e n g e rs c a r r ie d In 1 9 0 9 -1 0 , 4 2 ,8 1 5 , 1 3 2 , a g a in s t 4 0 , 9 5 5 ,
7 9 5 I n 1 9 0 8 -0 9 a n d 3 7 , 4 1 9 , 2 8 6 I n 1 9 0 7 - 0 8 .
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I n t. & T a x e s . P J d .D iv .
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D i v i d e n d s : — A n I n i t i a l d l v . o f 1 % w a s p a id o n p r e f . O c t . 18 1 9 0 9 ; I n 1 9 1 0 ,
J a n ., 1 % ; A p r ., 1 % ; J u ly , 1 % ; O c t., 1 % ; In 1 9 1 1 , J a n .. 1 % .
R O A D . — T h e r o a d s t a r t s a t th e In t e rs e c t io n o f W ils o n a n d E v a n s t o n
a v e n u e s . 7 m ile s f r o m t h e C o u r t H o u s e , a n d h a s 5 . 5 2 m ile s o f f o u r - t r a c k ,
a n d 1 . 0 7 m i le d o u b l e t r a c k , m a k i n g 2 4 . 2 2 m ile s o f s i n g le t r a o k .
R ig h t of
w a y I s a l l o w n e d I n fe e e x c e p t a t s t r e e t c r o s s i n g s .
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m ile s o f d o u b lo t r a o k t o R a v e n s w o o d w a s p u t In o p e r a t i o n In M a y 1 9 0 7 .
T ° U n d e r a a n ’ o p e r a t i n g a g r e e m e n t w i t h t h e C h i c a g o M il w a u k e e & S t . P a u l
R a i l w a y C o . m a d e In 1 9 0 7 , t h is c o m p a n y ’s s e r v i c e w a s e x t e n d e d M a y 16
t 9 0 8 t o E v a n s t o n o v e r t h e E v a n s t o n D i v i s i o n o f t h e former r o a d , w h ic h
h a s b e e n e le c t r ifie d .
A l l t r a c k o p e r a t e d ( a l l lin e s I n c l u d i n g lo o p ) , J u n e 3 0
1 9 1 0 , 5 1 . 0 1 m ile s .
34 8 c a r s . 8 0 -lb . T r a ils .
O F F I C E R S . — P r e s ., M a s o n B . S t a r r in g ; V . - P . , S e y m o u r M o r r is ; S e c .
a n d T r c a s ., W . V . G r iffin ; G e n . M g r., E . C . N o e ; A u d ., It . H . W illia m s .
D i r e c t o r s . — C l a r e n c e B u c k in g h a m , J . L . C o c h r a n , W . V . G r i f f i n , C h a u n o e y K e e p , C h a r le s F . A y e r , M a s o n B . S t a r r i n g , W . W . M il le r , S e y m o u r
M o r r is a n d S a m u e l M c R o b c r t s .— V . 8 7, p . 8 1 0 . 1 5 3 4 ; V . 8 8, p . -> 0 7 .0 8 0 ,
1 1 2 8 ; V . 8 9 , p . 2 8 7 , 1 1 4 2 , 1278; V . 9 0 , p . 1 1 7 1 , 1 2 4 0 ; V . 9 1 , p . 7 9 1 , 8 6 6 , 1 7 6 8 .
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Union Elevated Railroad.
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p a s s e n g e r c a r r i e d , b e s id e s a l l e x p e n s e s f o r o p e r a t i n g , r e p a i r s a n d t a x e s .
BONDS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
1st m tg e , $ 5 ,0 0 0 ,0 0 0 ,g ( $ l , 0 0 0 ) 18 9 5
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$ 4 ,4 8 2 ,0 0 0 O c t 1 1 9 4 5
I n t e r e s t a t C h a s e N a t . B a n k . N . Y . , a n d 111. T r u s t & S a v . B a n k , C h i c a g o .
B o n d s .— O f t h e $ 5 ,0 0 0 ,0 0 0 b o n d s Is s u e d . $ 5 1 8 ,0 0 0 a r e In t h e t r e a s u r y .
R O A D . — T h e lo o p Is 1 .0 8 m ile s I n le n g t h , d o u b l e t r a c k e d ( 8 0 - lb . r a i l s ) ,
a n d r u n s o n L a k e S t . t o W a b a s h A v e . , t o V a n B u r e n S t . , t o F i f t h A v e . , to
L a k e S t.
R o a d o p e n ed O c t. 10 18 97.
T r a in s o f th e C h ic a g o & O a k P a r k
M e t r o p o li t a n W e s t S id e , N o r t h w e s t e r n E l e v a t e d R R . a n d S o u t h S id e
o p e r a t e o v e r t h e lo o p .
N o r t h w e s t e r n h l e v a ls o o w n s .1 8 m i le o f d o u b l e
t r a c k f r o m c o n n e c t io n w i t h lo o p a t V a n B u r e n & S t a t e s t r e e t s t o c o n n e c t io n
w i t h S o u t h S id e E l . R R . , w h i c h I s le a s e d t o t h e l a t t e r .
SOUTH SIDE ELEVATED RR.— ( “Alley Elevated” )— An electric eleP r o p o s e d E lev a te d M e r g e r .— S ee V . 90, p .
124 0 . 1676, an d V . 91, p . 3 3 6 .
O R G A N I Z A T I O N . — S u c c e s s o r J a n u a r y 1 8 9 7 to C h ic a g o & S o u t h S id e
R.
T . R R . ( f o r e c lo s e d p e r plan V . 6 3 , p . 1 1 5 8 ) .
J u l y 31 1 9 0 0 t h e A p p e lla t e
C o u r t s u s t a i n e d t h e v a l i d i t y o f t h e f o r e c lo s u r e ( V . 7 1 , p . 2 3 6 ) , a n d o n F e b .
21 1 9 0 2 t h a t d e c is io n w a s c o n c u rr e d In b y th e S t a t e S u p re m e C o u r t .
V . 74.
p. 477.
P 'r a n c h l s e e x p i r e s M a r c h 2 6 1 9 3 8 .
L e a s e s t h e C h ic a g o J u n c t io n
R R . . w h i c h s e e b e lo w .
STO CK AND BONDS—
D a te .
In terest.
O u tsta n d in g .
M a tu rity .
S t o c k , $ 1 0 , 3 2 3 , 8 0 0 - .................... ........
Q -M
$ 1 0 , 2 3 1 . 4 0 0 D e o 8 1 1 0 , J4
4 )4 g J - J
8 ,0 0 0 , 0 0 0 D e c 3 1 1 9 2 4
1 s t m o rtg a g e , $ 8 ,0 0 0 ,0 0 0 , g j 19 04
( $ 1 , 0 0 0 ) . . . _______________ c * / I n t . a t 111. T r . & S a v . B a n k . C h i c . . T r u s t e e .
B o n d s . — A r c s u b j e c t t o c a l l a t 1 0 5 a n d In t e r e s t .
D i v i d e n d s . — F i r s t d i v i d e n d o f 1 % ( o u t o f e a r n i n g s f o r f o u r m o n t h s e n d in g
A p r il 3 0 1 8 9 9 ) w a s p a id M a y 1 18 9 9 : th e n S e p t. 1 , 1 % ; D e c . 3 0 1 % .
In
19 00 3 % .
In 1901, 3 )4 % .
I n 1 9 0 2 t o 1 9 0 7 , I n c lu s i v e , 4 % y e a r l y .
In
’ 0 8 , M c h ., > 4 % ; n o n e u n t i l J ’ n e '1 0 , w h e n ) 4 % w a s p a id ; S e p . , J 4 % ; D e c . ,
^ A N N U A L R E P O R T . — F o r y e a r s e n d in g D e c . 3 1 1 9 1 0 , r e p o r t i n V . 9 2 ,
D. 3 2 0 .
P a s s e n g e rs c a r rie d In 1 9 1 0 , 4 6 ,8 7 5 ,6 4 2 .
1910
1909.
19 10.
19 09.
G r o s s r e c e ip t s $ 2 , 4 5 7 , 4 8 9 $ 2 , 2 3 4 , 9 7 3 S u r p l u s - - - 5 3 5 0 ,8 9 7
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• I n c lu d e s b o t h In 1 9 1 0 a n d 19 09 $ 9 3 ,0 8 0 r e n t a l p a id to C h ic a g o J e t . R y .
R O A D . — O w n s e le v a t e d r o a d I n o p e r a t i o n I n C h i c a g o u p o n a p u r c h a s e d
r i g h t - o f - w a y f r o m C o n g r e s s S t . t o J a c k s o n P a r k a n d t o E n g le w o o d .
E le c
t r i c i t y w a s I n t r o d u c e d a s m o t iv e p o w e r la t e I n A p r i l 1 8 9 8 .
O p e ra te s 3 7 0
m o to r a n d 3 0 t r a il c a rs .
O n 1 5 . 0 7 m ile s o f s t r u c t u r e h a s a t o t a l o f 3 6 . 5 1
m ile s o f s i n g le t r a c k . I n c l u d i n g e x t e n s io n s .
A l s o le a s e s C h i c a g o J u n c t i o n
R R . . w h i c h s e e b e lo w .
O F F I C E R S . — P r e s . , C h a r le s V a l e n t i n e W e s t o n ; V . - P . . N o b le B , J u d a h ;
S e e . a n d T r c a s . , E d w . D . A d a m s ; G e n . M a n . , Garrett T . S e e ly .
O ffic e
4 7 C o n g r e s s S t . , C h i c a g o — V . 88, p, 2 9 6 , 371; V . 9 0 . p. 3 0 4 , 367, 3 7 3 . 9 7 8 ,
______ 1
1 4 2 0 ; V . 9 2 , p. 2 6 4 , 320.
(1) Chicago Junction RR.
O R GANIZATION.— O r g a n i z e d In t h e In t e r e s t o f t h e S o u t h S i d e E l e v a t e d
R R . t o b u i l d lin e s t o c o n n e c t t h a t c o m p a n y ’ s t r a c k w i t h t h e S t o c k Y a r d s .
O n l y a n o m i n a l a m o u n t o f s t o c k h a s b e e n I s s u e d ( $ 5 0 , 0 0 0 ) , w h i c h Is h e ld In
S U B U R B A N R A I L R O A D . — A t r o lle y ro a d .
O R G A N I Z A T I O N . — I n c o r p o r a t e d u n d e r la w s o f I l l i n o i s M a y
1895.
R E C E I V E R . — O n J u l y 3 0 1 9 0 2 L . S . O w s le y w a s a p p o i n t e d r e c e iv e r .
In t e r e s t o n b o n d s b e in g I n d e f a u l t .
V . 75, p . 241.
STO CK A N D BO NDS—
D a te.
In t e r e s t .
O u t s ta n d in g .
M a tu r ity .
S t o c k , $ 1 , 2 5 0 , 0 0 0 - - ------------------ -----------------------$ 1 ,2 5 0 ,0 0 0
........................
1st
m o rtg a g e ,
$ 3 ,0 0 0 ,0 0 0 ,1 1 8 9 6
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1 ,2 5 0 ,0 0 0 M c h 2 19 16
g o l d ..................................... . . . J C h i c a g o T i t l e & T r u s t C o . , T r u s t e e .
O f t h e $ 3 ,0 0 0 ,0 0 0 b o n d s a u t h o r iz e d , $ 1 , 2 5 0 , 0 0 0 w e re Is s u e d to b u ild
t h e r o a d o w n e d a n d t o e q u i p a p o r t i o n o f t h e le a s e d li n e s w i t h t r o l l e y .
T h e r e m a i n d e r m a y b e Is s u e d f o r e x t e n s io n s b u i l t a n d e q u i p p e d a t $ 5 0 , 0 0 0
p e r m ile f o r d o u b l e a n d $ 3 0 , 0 0 0 p e r m i le o f s i n g le t r a c k .
R O A D . — O w n s 2 9 .8 m ile s o f t r a c k , e x t e n d i n g f r o m t e r m i n u s o f C h lc .6 »
O a k P a r k E le v . a t 5 2 d S t . a n d M e t r o p o lit a n E le v . a t 4 8 t h S t ., t h r o u g h c it y
o f C h i c a g o , C i c e r o . G r o s s d a le . L a G r a n g e , & c .
L e a s e s f r o m t h e C h ic a g o
T e r m in a l T r a n s f e r R R . (fo r 5 0 y e a rs ) t h e C h ic a g o & S o u t h w e s t e r n r o a d t o
H a r le m r a c e t r a c k , A u s t i n , R l d g e l a n d , O a k P a r k . & c . , 1 0 m ile s o f t r a c k .
A ls o o p e r a t e s M o f a m ile o f d o u b l e t r a c k o f t h e C h i c a g o R i v e r s i d e & L a
G r a n g e R R . , h a v in g $ 5 ,0 0 0 s t o c k a n d n o b o n d s .
T o t a l t r a c k o p e r., 3 2 .8
m ., a l l t r o l le y , e x c e p t C . & S . W . t r a c k s a l o n g W e s t 1 6 t h a n d 1 9 t h s t r e e t s .
O F F I C E R S . — P r e s . , F . H . R o e s c h la u b ; V . - P . , C . E . Y e r k e s ; S e c . a n d
T re a s ., G . M . M a h e r; S u p t .. J . W h lt s e ll.— V . 7 5 , p . 2 4 1 .
UNION CONSOLIDATED ELEVATED RY.
O R G A N I Z A T I O N . — F o r m e d In 18 9 6 a n d b u ilt fro m U n io n E le v a t e d a t
5 t h A v e . w e s t t o M a r k e t S t . ; t h e n c e t o t h e M e t r o p o li t a n W . S . E L : t o t a l ,
1 - 5 m i le o f t r a c k ; Is o p e r a t e d b y t h e M e t r o p o li t a n W e s t S i d e E l .
F r a n c h ise
e x p ir e s O c t. 7 1 9 4 5 .
STO CK AN D BONDS—
D a te.
In te re st.
O u t s t a n d in g .
M a tu r ity .
................
$ 1 ,0 0 0 ,0 0 0
........................
S t o c k ............................................................
S e r ie s “ A ” 1 s t m t g e , g o l d . ) 1 8 9 6
5 g M -N
4 5 3 ,0 0 0 N o v 1 19 36
g u p & 1 b y M e t W S E l ___ J G . S h e r m a n , V . - P . , C e n T r . C o . , N . Y . , T r u s .
M o r t g a g e $ 1 , 0 0 0 , 0 0 0 , o f w h i c h $ 5 0 0 , 0 0 0 s e r ie s “ A . ”
V . 63, p. 1065.
O F F I C E R S . — P re s ., M a s o n B . S t a r r in g ; V . - P . , C la r e n c e A . K n ig h t ; S e c .
a n d T r e a s ., W . V . G r iffin .
C IN C IN N A T I, O H IO .
CINCINNATI
& COLUMBUS TRACTION CO.— A t r o l l e y r o a d .
O R G A N I Z A T I O N . — In c o rp o ra t e d o n J a n . 21 1 9 0 3 .
F r a n ch ise s e x p ir e
In 1 9 3 0 .
STO CK AND BONDS—
D a te.
In t e r e s t .
O u t s ta n d in g . M a t u r i t y .
$ 9 7 9 ,5 0 0
C o m m o n . $ 1 , 2 5 0 , 0 0 0 ( $ 1 0 0 ) ......................................
P f . 5 % c u m . $ 1 , 2 5 0 , 0 0 0 ( $ 1 0 0 ) .................................
9 2 5 ,5 0 0
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\ 1905
5 g J-J
6 0 0 ,0 0 0
J a n . 1 1912
g o l d _________ ________ _______ c * | I n t . a t U n i o n S a v . B k . & T r . C o . C l n . . T r u s .
S e c o n d m t g e n o t e s $ 2 5 0 , 0 0 0 . / ------5%
8 7 ,1 0 0 J u ly 1 19 1 2
l i n t , a t U n io n S a v . B k . & T r . C o ., C in c in n a t i.
B o n d s . — T h e d e n o m i n a t i o n o f t h e f ir s t m o r t g a g e b o n d s a r e r e s p e c t i v e l y :
6 $ 5 0 ,0 0 0 ; 3 0 $ 5 ,0 0 0 : 1 0 0 $ 1 ,0 0 0 ; a n d 1 0 0 $ 5 0 0 .
T h e y c a n b e c a lle d a t
a n y t im e a t p a r .
B o n d s o r ig in a lly m a tu re d J u ly 1 1 9 0 9 , b u t w e re e x te n d e d
fo r 2 )4 y e a rs .
V . 89, p . 102, 7 2 0 .
S e c o n d m t g . n o te s m a y b e c a lle d a t
a n y t im e .
R O A D . — O p e r a t e s 5 4 m ile s o f t r a c k b e t w e e n C i n c i n n a t i a n d H i l l s b o r o ,
p u t I n c o m p le t e o p e r a t i o n I n F e b . , 1 9 0 6 .
S t a n d a rd g a u g e , 7 0 - lb . T r a il.
O F F I C E R S . — P r e s .. H . H . H o f f m a n ; V . - P . . L e w is S e a s o n g o o d ; 2 d V . - P . ,
H e n r v B u r k h o l d ; S e c . & T r e a s . , H a r v e y J . G ib s o n ; M g r . , D a n R e l d e l J r .
- V . 76 . p . 9 71: V . 8 0 . p . 1234 ; V . 8 5. p . 22 0 , 599; V . 89, p . 1 0 2 , 7 2 0 .
CINCINNATI GEORGETOWN & PORTSMOUTH RR.— Steam a n d
e le c t r ic .
. ,
.
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O R G A N I Z A T I O N . — F o r m e r ly a n a rro w -g a u g e s te a m ro a d , b u t In O c t.
1 9 0 1 , w a s p u rc h a s e d b y A . W . C o m s t o c k o f D e t r o it , a n d In 1 9 0 2 c h a n g e d
to s t a n d a r d - g a u g e .
N o w o p e ra te s b y b o t h e le c t r ic it y a n d s te a m .
U nder
O h i o la w r e m a i n s a s t e a m r o a d .
F r a n c h is e s p e rp e t u a l.
STO CK AND BONDS—
D a te.
In te re st.
O u t s ta n d in g .
M a tu r ity .
S t o c k . $ 1 , 5 0 0 , 0 0 0 ........... ............................................ ..
$ 1 ,5 0 0 ,0 0 0
........................
1st m tg e .. $ 1 ,0 0 0 ,0 0 0 g o ld ) 1 9 0 2
5 g J-J
1 .0 0 0 ,0 0 0 J a n . 1 1 9 3 2
( $ 1 , 0 0 0 ) ................................. c * J I n t . a t U n i o n S a v . B k . A T r . , C l n . , T r . , < S ; i n N . Y
E A R N I N G S . — F o r y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s , $ 1 7 4 , 5 3 1 ; n e t
$ 4 5 , 3 8 2 ; I n t . a n d t a x e s , $ 3 7 , 4 9 3 ; s u r p lu s , $ 7 , 8 8 9 .
R O A D . — O p e r a t e s 4 9 m i le s f r o m C i n c i n n a t i s o u t h e a s t e r l y t o R u s s e l l
v ille in c lu d in g b ra n c h e s o f 3 .5 m . to B a t a v ia a n d 1 .5 m . to C o n e y I s la n d .
A n e x t e n s i o n o f 16 m ile s t o W e s t U n i o n Is u n d e r c o n s t r u c t i o n .
The
F e l i c i t y & B e t h e l, w h i c h Is c o n t r o ll e d I n t h e s a m e I n t e r e s t , o p e r a t e s 8 . 5 m .
o f t r a c k b e t w e e n t h e p o i n t s n a m e d I n I t s t i t le .
H a s 2 2 e le c t r ic p a s s e n g e r
c o a c h e s , 4 s t e a m p a s s e n g e r c o a c h e s . 4 0 f r e i g h t c a r s a n d 2 lo c o m o t iv e s .
O F F I C E R S . — P re s ., H e n r y A . H a lg h ; V . - P . , W . J . T h o m p s o n ; S e c . &
T r e a s ., A . L . C . H e n r y , D e t r o it , M ic h .; G e n . M g r ., E . W . W h it e — V . 8 3 .
_________
p. 322; V . 87, p. 543.
FELICITY & BETHEL RR.
O R G A N I Z A T I O N . — I n c o r p o r a t e d I n O h io I n 1 9 0 4 , a n d Is o w n e d I n t h e
In te re s t o f th e C in c in n a t i G e o rg e to w n & P o rt s m o u t h .
STO CKS A N D BO NDS—
D a te.
In t e r e s t .
O u ts ta n d in g .
M a tu r ity .
$ 1 6 5 ,0 0 0
........................
S t o c k , $ 1 6 5 , 0 0 0 ( $ 1 0 0 ) - ................................................
1st m o rtg a g e . $ 1 0 0 ,0 0 0 , g .l 1 9 0 5
5 g A -O
1 0 0 ,0 0 0 O c t. 1 1 9 3 5
( $ 1 , 0 0 0 ) n o t c a l l a b l e _____ c * j l n t . a t U n i o n S a v . B k . & T r . , C l n c l n . , T r u s t .
R O A D . — O p e r a t e s 8 ) 4 m ile s o f t r a c k b e t w e e n F e l i c i t y a n d B e t h e l , s t a n
d a r d g a u g e , 6 0 - lb . T r a i l s .
I s o p e ra te d b y e le c t r ic it y fo r p a s s e n g e rs a n d b y
s te a m fo r f re ig h t .
„
„
___
„
„
O F F I C E R S . — P re s ., H e n r y A . H a lg h ; V . - P . , W . J . T h o m p s o n ; S e o .,
J.
C . G ln n l n g s ; T r e a s . a n d G e n . M g r . , E . W . W h i t e .
CINCINNATI LAURENCEBURO & AURORA ELECTRIC STREET RR.
— A t r o lle y ro a d .
O R G A N I Z A T I O N . — In c o rp o r a t e d In N o v ., 18 9 8 .
T h e U n io n S a v in g s
B a n k & T r u s t C o . o f C i n c i n n a t i s o ld $ 7 5 0 , 0 0 0 o f t h e b o n d s I n J a n . 1 9 0 1 ,
a n d a n a d v e r t is e m e n t s t a t e d t h a t n o d i v i d e n d s w o u ld b e d e c la r e d o n t h e
s t o c k f o r liv e y e a rs , so a s to c re a t e a s u r p lu s f u n d a v a ila b le f o r b e t t e rm e n t s
a n d e x t e n s io n s .
See V . 7 2 . p . 1 3 6
I n M a y 1 9 0 4 c a p it a l s t o c k w a s I n
c re a s e d f r o m $ 7 5 0 , 0 0 0 to $ 1 , 0 0 0 , 0 0 0 b y th e a u t h o r iz a t io n o f $ 2 5 0 ,0 0 0 6 %
c u m u la t iv e p re f. s t o c k , th e p ro c e e d s to b e u s e d f o r b e t t e rm e n t s .
F r a n ch ise s
e x p ir e In 19 24 a n d 1 9 2 5 .
STO CK AN D BONDS—
D a te .
In t e r e s t .
O u t s ta n d in g .
M a tu r ity .
.......... ...............
C o m m o n , $ 7 5 0 , 0 0 0 .....................................................- - - > 7 5 0 ,0 0 0
P re f. 6 %
c u m . , $ 2 5 0 , 0 0 0 ............. .......
Q -J
5 8 , 9 0 0 J u l y ,’ 0 6 , 1 ) 4
1st
m o rtg a g e ,
$ 7 5 0 .0 0 0 1 1 8 9 9
5 g J-J
7 5 0 ,0 0 0 J u ly 1 19 19
$ 1 , 0 0 0 . ) g o l d ......................... / I n t e r e s t a t U n . S a v . B k . & T r . C o . , C l n . , T r .
D i v i d e n d s .— D i v i d e n d s o f 6 % o n p r e f . s t o c k w e r e p a i d u p t o a n d I n c l u d i n g
J u ly 19 06.
N o n e s in c e .
E A R N I N G S . — F o r y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s , $ 1 3 1 , 8 7 4 ; n o t ,
$ 5 2 , 0 8 6 ; f ix e d c h a r g e s , $ 4 4 , 5 3 1 ; s u r p lu s , $ 7 , 5 5 5 .
R O A D . — O p e r a t e s 3 8 m ile s o f t r a c k f r o m A n d e r s o n ’ s F e r r y , a t C i n c i n
n a t i, to A u r o r a , H a r r is o n a n d L a w r e n c e b u r g .
O F F I C E R S . — P re s ., J . C . I lo o v e n , H a m ilt o n , O .; T r e a s . a n d G e n . M g r
0.
E . Ilo o v e n ; A u d ., E . M . G u m p f.— V . 7 8 , p 2 0 1 1 , 2 3 8 3 .
C IN C IN N A T I M IL F O R D & L O V E L A N D T R A C T IO N C O .
O R G A N I Z A T I O N . — I n c o r p o r a t e d In O h i o I n S e p t . , 1 0 0 2 , a n d p u r c h a s e d
f r a n c h i s e s a n d r i g h t s o f t h e C i n c i n n a t i M il f o r d & E a s t e r n T r a c t i o n C o .
STO CK AN D BONDS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
C o m . , $ 1 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) ........................................................$ 1 , 0 0 0 , 0 0 0 _______________
H r e f . , $ 6 5 0 , 0 0 0 , 5 % c u m ------- -----------------------0 4 0 ,4 2 5
N o d lv . ye t
1st m o rtg a g e , $ 5 0 0 ,0 0 0 , g ) 1 9 0 5
5 g J-J
3 7 7 ,5 0 0 J u ly 1 19 25
( $ 5 0 0 ) ........... ............ ............ c * j l n t . a t P r o v . S a v . B k . & T r . C o . , C l n . T r u s t .
B o n d s .— A r e s u b j e c t t o c a l l a t a n y t im e a t 1 1 0 .
See V . 8 1. p . 264.
R o a d . — W i l l o p e r a t e 4 1 m ile s o f t r a c k f r o m C i n c i n n a t i t o L o v e l a n d a n d
fro m C in c in n a t i to B la n c h e s t e r.
G a u g e , 5 f t . 2 I n . ; 7 0 - lb . r a i l s .
T h e lin e
t o M il f o r d a n d B l a n c h e s t e r , 3 8 m ile s . Is n o w In o p e r a t i o n .
E n t e rs C in c in
n a ti o v e r th e t r a c k s o f th e C in c in n a t i T r a c t io n C o .
O F F I C E H S . — P re s ., B . H . K ro g e r; V .- P . a n d T r e a s .. J . P . P e u rru n g S e c . , J . N e v l n R o b e r t s ; A u d . . C h a r le s J . P e u r r u n g . — V . 8 1 , p . 2 6 4
I N T E R U R B A N R Y . & T E R M I N A L C O . — A t r o l le y r o a d .
O R G A N I Z A T I O N . — I n c o r p o r a t e d I n O h io o n N o v . 3 1 9 0 2 , a n d Is a c o n
s o lid a t io n o f t h e C in c in n a t i & E a s t e r n E le c t r ic R y . , th e R a o ld R a ilw a y C o
a n d th e S u b u rb a n T r a c t io n C o .
I n J u l y 1 9 0 7 o b t a i n e d a u t h o r i t y t o Is s u e
$ 1 , 0 0 0 , 0 0 0 p r e f . s t o c k , o f w h ic h $ 9 0 0 ,0 0 0 w a s In e x c h a n g e f o r a n e a u a l
a m o u n t of 1st m tg e . b o n d s d a te d 1 9 0 3 .
V . 85. p. 221, 469.
T h e 19 03
b o n d I s s u e h a s b e e n e n t i r e l y c a n c e l e d . I n 1 9 0 8 a n e w m t g e . m a d e a s b e lo w
STO CK AN D BONDS—
D a te .
I n ter es t.
O u ts ta n d in g . ' M a tu r i ty
C o m m o n . $ 2 , 5 0 0 , 0 0 0 ( $ 1 0 0 ) . . _____
_________
$ 2 ,5 0 0 ,0 0 0
P r e f . , $ 1 , 0 0 0 , 0 0 0 $ 0 0 > , 5 % . . -------------------1 ,0 0 0 ,0 0 0
F ir s t m o rtg a g e , $ 1 ,6 5 0 ,0 0 0 ,1 19 08
5 J-J
See t e x t
............. 1 9 2 8
g o l d .................................................J l n t . a t C i n c i n n a t i T r u s t C o . . T r u s t e e .
B o n d s .— O f t h e $ 1 , 6 5 0 , 0 0 0 1 s t m t g e . b o n d s , a s m a ll p o r t i o n h a s b e e n s o l d t h e r e m a i n d e r I s b e in g u s e d a s c o l la t e r a l t o lo a n s .
A fte r th e p a y m e n t of
t h e lo a n s I t Is e s t im a t e d $ 1 , 2 3 5 , 0 0 0 w i l l b e o u t s t a n d i n g , l e a v i n g $ 4 1 5 , 0 0 0
In th e t re a s u ry .
E A R N I N G S . — F o r c a le n d a r y e a r 1 9 0 9 . g ro s s, $ 3 0 4 ,6 4 1 .
I n 19 08, g ro ss,
$ 2 0 0 .4 3 3 .
R O A D . — C o m p r i s e s 2 2 m ile s o f t r a c k b e t w e e n C i n c i n n a t i a n d N e w R i c h
m o n d , 3 3 m ile s b e t w e e n C i n c i n n a t i a n d L e b a n o n a n d 2 8 m ile s f r o m C l n c l n
n a t l t o B e t h e l.
T h e la t t e r s e c t i o n w a s le a s e d I n A u g . 1 9 0 6 t o t h e U n lo D
G a s & E l e c t r i c C o . o f C i n c i n n a t i , b u t le a s e c a n c e l e d A u g . 3 1 1 9 0 7 .
Gauge
5 f t . 2 H In .
A ls o o w n s t e r m in a l s t a t io n o n S y c a m o r e S t ., C in c in n a t i
C a r s e n t e r C in c in n a t i o v e r th e t ra c k s o f th e C in c in n a t i T r a c t io n C o
7 0 - lb
a n d 9 7 - lb . T r a il.
T o t a l t r a c k . 1 0 1 . 4 m ile s , a l l o p e r a t e d .
O F F I C E R S . — P r e s .. C h a s . r i . D a v is ; V . - P . , L e e H . B ro o k s ; S e c . a n d
T re a s ., J . M . H u t t o n .— V . 8 5, p . 2 2 1 , 469; V . 86, p . 2 8 5 .
O H IO T R A C T IO N C O .
C o n t r o lle d b y t h e S c h o e p f - M c G o w a n s y n d i c a t e .
O R G A N I Z A T I O N . — I n c o r p o r a t e d In O h io o n M a y 2 2 1 9 0 5 , a n d o w n s
p r a c t ic a lly th e e n t ire c a p it a l s t o c k o f t h e C in c in n a t i T r a c t io n C o . t h e C ln
c l n n a t l Z o o lo g ic a l C o . a n d t h e C i n c i n n a t i C a r C o . , b e s id e s e x t e n s i v e h o ld in g s
I n t h e C i n c i n n a t i & H a m i l t o n T r a c t i o n , a n d a la r g e I n t e r e s t I n t h e c o rn a n d
p re fe rre d s t o c k o f t h e C in c in n a t i D a y t o n & T o le d o T r a c t io n C o .
O n J u ly 6
1 9 0 5 le a s e o f t h e C l n . & H a m i l t o n T r a c t C o . w a s a s s ig n e d t o t h i s c o m p a n y
b y t h e C l n . I n t e r u r b a n C o . a n d t h e l a t t e r c o m p a n y p la c e d In l i q u i d a t i o n .
T h is c o m p a n y a ls o a c q u ir e d t h e p r o p e r t y o f th e T r a c t io n B u ild in g C o .,
w h ic h w e n t In t o l i q u id a t io n .
S h a r e h o ld e r s w e r e t o v o t e F e b . 2 4 1 9 1 1 o n a u t h o r i z i n g $ 2 , 5 0 0 , 0 0 0 5 %
bonds.
V . 92, p . 462.
STO CK—
D a te .
In ter es t.
O u ts ta n d in g .
L a st D lv .
C o m m o n , $ 1 0 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) ............................................$ 7 , 5 0 0 , 0 0 0 O c t ’ 1 0 , 1 %
P r e f . , $ 1 0 , 0 0 0 , 0 0 0 5 % c u m .............
Q -F
8 ,5 0 0 ,0 0 0 F e b ’ l l , l H %
S t o c k .— F u r t h e r I s s u e s o f s t o c k c a n o n l y b e m a d e f o r a c q u i r e m e n t o f
o t h e r p r o p e r t i e s a n d a d d i t i o n s t o t h e p r e s e n t p r o p e r t ie s .
D i v i d e n d s .— F i r s t d i v i d e n d o n p r e f . s t o c k — 1 H % — w a s p a i d A u g . 1
1905; 1
h a s b e e n p a i d q u a r t e r l y s i n c e to a n d i n c l u d i n g F e b . 1 9 1 1 .
On
c o m ., 1st d lv . — 1 % — p a id N o v . 1 19 0 9 .
I n 19 10, O c t., 1 % .
O F F I C E R S . — P re s ., W . K e s lc y S c h o e p f; V .- P s ., C h a s . P . T a f t , J . B .
F o r a k e r J r . ; V . - P . & G e n . M g r., D a n a S t e v e n s ; S e e ., W a lt e r A . D ra p e r;
A s s t . S e c . , D . J . D o w n in g ; T r e a s . , I I . L . S a n d e r s ; C o m p . , W . I I . M c A l l i s
te r; A u d ., A . L . K a s e m e ie r .— V . 8 9, p . 1 1 4 2 ; V . 9 1 , p . 8 7 1 ; V . 9 2, p . 4 6 2 .
(1 ) T h e C in c in n a t i T r a c t io n C o .
O R G A N I Z A T I O N . — I n c o r p o r a t e d In O h io o n F e b . 19 19 01 w it h
an
a u t h o r i z e d c a p i t a l s t o c k o f $ 2 ,0 0 0 , 0 0 0 ( w h i c h , a l l e x c e p t 11 s h a r e s . 1s
o w n e d b y t h e O h io T r a c t i o n C o . ) , t o t a k e o v e r u n d e r le a s e t h e C i n c i n n a t i
S tre e t R y . C o .
See V . 7 2 , p . 39 1.
N O TES—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
E q u ip m e n t
n o te s
$ 3 6 0 ,0 0 0 1 1 9 1 0
5 g J-J
$ 3 4 2 ,0 0 0
See te x t.
g o ld ( $ 1 , 0 0 0 ) _____________ o * j l n t . a t F i d e l i t y T r u s t C o . , P h l l a . , t r u s t e e .
N o t e s a r e g u a r . , p . & 1., b y C l n . T r a c . C o . a n d a r e a 1 s t m t g e . o n 1 0 0 n e w
ca rs.
N o te s m a t u r e $ 1 8 ,0 0 0 e v e r y 6 m o s . fro m J a n . 1 19 1 1 to 19 20 In c h
V . 9 1 . p . 154.
R E P O R T . — F o r 1 2 m o n t h s e n d in g D e c . 3 1 1 9 0 9 , g r o s s , $ 4 , 7 3 1 , 7 3 1 ; In
19 0 8 , g ro s s, $ 4 ,4 2 8 ,2 7 8 ; In 1 9 0 7 , g ro s s, $ 4 ,4 5 0 ,2 2 5 .
R O A D . — T h e C i n n . S t . R w y . c o m p r is e s 2 2 0 . 9 7 m ile s o f t r a c k in t h e c i t y
o f C i n c i n n a t i , O h i o , e x t e n d i n g a ls o t o a d j o i n i n g s u b u r b s .
T h e la s t c a b le
li n e w a s c o n v e r t e d t o e l e c t r i c i t y In J u n e 1 9 0 2 ,
G a u g e , 5 ft
In
O F F I C E R S . — P re s ., W . K e s le y S c h o e p f; C h a ir m a n E x e c u t iv e C o ra
W . K e s le y S c h o e p f; V . - P . , J . B . F o r a k e r J r . ; V . - P . a n d G e n . M g r., D a n a
S t e v e n s ; S e c ., W a l t e r A . D r a p e r ; A s s t . S e c . , D . J . D o w n in g ; T r e a s . , H L
S a n d e r s ; C o m p . , W . H . M a c A U I s t e r ; A u d . , A . L . K a s e m e ie r ; A s s t . G e n
M g r . , T . F i t z g e r a l d ; G e n . S u p t . R . E . L e e ; C h i e f E n g . , T h o s . E lli o t t ':
P u r c h . A g t ., C . B u c k m y e r .— V . 9 1 , p . 9 4, 15 4 , 1 3 2 7 .
(a ) C i n c i n n a t i S t r e e t R a i l w a y . — E l e c t r i c .
W a s le a s e d o n F e b . 2 1 1 9 0 1 t o t h e C i n c i n n a t i T r a c t i o n C o . f o r t h e u n e x p lr e d te rm o f th e f r a n c h is e g r a n t e d b y t h e C it y o f C in c in n a t i o n A u g . 1 3
1 8 9 6 , a n d a l l s u c c e s s i v e r e n e w a l s a n d e x t e n s io n s o f t h e s a m e .
T h e re n ta l
Is I n t e n d e d t o p r o v i d e d i v i d e n d s o f 5 H % f o r t h e f i r s t y e a r , 5 J 4 f o r t h e
se c o n d , 5 % to r th e t h ir d a n d 6 % to r th e fo u rt h y e a r a n d t h e re a fte r.
V . 72
p. 136.
T h e R o g e r s la w o f A p r i l 2 2 1 8 9 6 , u n d e r w h i c h f r a n c h i s e s w e r e
g r a n t e d , w a s I n A u g . 1 9 0 2 d e c la r e d u n c o n s t i t u t i o n a l b y t h e S u p e r i o r C o u r t
a t C in c in n a t i, b u t d e c is io n p a r t ly r e v is e d o n re h e a r in g .
A p p e a l t a k e n to
S ta te S u p re m e C o u r t ( V . 7 5 , p . 3 9 3 , 6 6 5 ), a n d t h a t C o u r t o n F e b . 28 19 05
r e v e r s e d t h e lo w e r c o u r t a n d u p h e ld t h e c o n s t i t u t i o n a l i t y o f t h e R o g e r s l a w .
V . 8 0 , p . 9 9 6 . O n A p r i l 2 8 1 9 0 3 , t h e S u p e r i o r C o u r t a t C i n c i n n a t i d e c la r e d
u n c o n s t it u t io n a l th e c u r a t iv e A c t p a s s e d In 1 9 0 2 to s t r e n g t h e n th e fra n c h is e
g ra n t e d u n d e r th e R o g e rs la w .
T h i s c a s e w a s a p p e a le d t o t h e S t a t e S u
p r e m e C o u r t , w h i c h u p h e ld t h e c o n s t i t u t i o n a l i t y o f t h e l a w .
F r a n c h is e s .
It Is c la i m e d b y c o m p a n y , m a t u r e A p r i l 2 2 1 9 4 6
O R G A N I Z A T I O N . — In c o rp o r a t e d J u n e 21 18 8 0, a n d In 1896 p u rc h a s e d
M t. A d a m s & E d e n P a rk a n d M t. A u b u r n ro a d s.
STO CK AND BONDS—
P ar.
I n ter es t.
O u tsta n d in g . L a s t d lv .,& c .
50
6 Q -J
$ 1 8 ,5 1 1 ,9 5 0
See te x t.
S t o c k $ 2 0 , 0 0 0 , 0 0 0 ..........................
D I V I D E N D S . — T o a n d In c lu d in g A p r il 1 9 0 1 , 5 % p e r a n n u m ; J u ly l a n d
O c t. 1 19 01 a n d J a n . 1 a n d A p r il 1 19 02, 1 .3 1 2 5 % ea ch ; J u ly 1 19 02 , O c t. 1
1 9 0 2 , J a n . 1 19 03 a n d A p r il 1 19 03 , 1 .3 7 5 % e a ch ; J u ly 1 a n d O c t. 1 19 03
a n d J a n . 1 a n d A p r il 1 19 04 , e a ch 1 .4 3 7 5 % ; J u ly 19 04 , 1 H % : O c t. 19 04 ,
1 ,« % .
D I v s . s in c e h a v e b e e n a t t h e r a t e o f 6 % p e r a n n u m a n d w i l l s o c o n t ln u e t o t h e e n d o f le a s e a n d It s r e n e w a l s .
O F F I C E R S . — P re s ., J o h n K B g o u r; V . - P . , E d w a r d G o e p p e r; S e c ., A . J .
B e c h t .— V . 8 2, p . 4 52 ; V . 8 3. p . 1 52 3; V . 8 4, p . 1 5 5 1 ; V . 9 1 , p . 1446.
( 2 ) C i n c i n n a t i & H a m i l t o n T r a c t i o n . — A t r o l le y r o a d .
O R G A N I Z A T I O N . — T h i s c o m p a n y w a s o r g a n iz e d I n A u g . 1 9 0 2 a s a
c o n s o li d a t i o n o f t h e M i l l C r e e k V a l l e y S t r e e t R y . a n d t h e H a m i l t o n G le n d a l e
6 C in c in n a t i f r a c t io n .
V . 75, p. 497.
O n S e p t . 3 0 1 9 0 2 w a s le a s e d t o t h e
C i n c i n n a t i I n t c n i r b a n C o . ( V . 7 5 , p . 9 0 6 ) , b u t o n J u l y 6 1 9 0 5 le a s e w a s
a s s ig n e d t o t h e O h io T r a c t i o n C o . , a n d t h e C i n c i n n a t i I n t e r u r b a n C o . p la c e d
In liq u id a t io n .
R e n t a l, y e a r b e g in n in g O c t . 1 1 9 0 2 -0 3 , $ 5 5 ,0 0 0 ; 1 0 0 3 -0 4 ,
$ 6 0 ,5 0 0 ;
1 9 0 4 - 0 5 , $ 6 6 ,0 0 0 ;
1 9 0 5 -0 6 , $ 7 1 ,5 0 0 ;
1 9 0 0 -0 7 a n d 1 9 0 7 -0 8 ,
$ 7 7 ,0 0 0 ;
1 9 0 8 -0 9 a n d 1 9 0 9 - 1 0 , $ 8 2 , 5 0 0 ;
1 9 1 0 -1 1 , $ 8 8 ,0 0 0 ;
19 1 1 -1 2 ,
$ 9 3 ,5 0 0 ; 1 9 1 2 -1 3 to 1 9 1 4 -1 5 , $ 9 9 ,0 0 0 ; th e re a ft e r, $ 1 0 0 ,0 0 0 .
STO CK AN D BONDS—
D a te .
In ter es t.
O u tsta n d in g , l a s t D l v .
S t o c k c o m $ 1 , 1 0 0 , 0 0 0 ( $ 1 0 0 ) ................
q j
$ 1 ,1 0 0 ,0 0 0 J a n . ’l l , * A %
S to ck
p re fe rre d
$ 1 , 1 0 0 , 0 0 0 1 ------Q -J
1 .1 0 0 ,0 0 0 J a n . ’l l , 1 M
( $ 1 0 0 ) 5 % c u m u l a t i v e ------- j
D i v i d e n d s . — 5 % p e r a n n u m I s b e in g p a i d o n t h e p r e f e r r e d s t o c k .
The
fir s t d iv id e n d o n th e c o m m o n o f H % w a s p a id J a n . 1 19 0 4 a n d H % w a s
a g a i n p a i d o n A p r i l 1, J u l y 1 a n d O c t . 1 1 9 0 4 .
I n 1 0 0 5 , 1 % ; In 1 9 0 6 ,
1 H % ; la 1 9 0 7 , 2 % ; In 19 0 8 , 2 % ; In 19 09 , 2 > $ % ; In 1 9 1 0 , 2 % % \ In 1 9 1 1 ,
J a n ., X % .
R O A D . — O w n s a n d o p e r a t e s 3 1 . 3 2 m ile s o f t r a c k f r o m t h o “ Z o o ” I n C i n
c i n n a t i t o H a m i l t o n a n d 1 5 m i le s f r o m C i n c i n n a t i t o L o c k l a n d .
Gauge,
5 ft . 2 H In c h e s .
O p e ra te s o v e r t r a c k s o f C in c in n a t i T r a c t io n C o . fro m
" Z o o ’ to F o u n t a in S q u a re In C in c in n a t i.
O F F I C E R S . — P re s ., H . H . H o ffm a n ; V . - P . , B . L . K llg o u r ; S e c . a n d
T r e a s ., A . J . B e c h t , a ll o f C in c in n a t i.
V . 75, p. 290, 497, 906.
1
C L E V E L A N D , O H IO .
CLEVELA N D
R A IL W A Y
C O . — ( S e e M a p o n p a g e 3 1 .)
r',^ h Z \ ? \ i.r! ¥ i .l ? e?.Uu ieSu J lo s se,s s to r,l '~r~ri' h ,i r e c e iv e r s o f t h e M u n i c i p a l T r a c t i o n
5
S f u n ^ c h a r g e d a n d th e d e b ts o f t h a t c o m p a n y p r o v id e d f o r , th e
I ,*a , lw £ y1 ^ ° ; ° o M a r c h 1 1 9 1 0 r e s u m e d p o s s e s s io n o f It s lin e s u n d e r
<se e b e lo w ) o f D e c . 1 9 0 9 .
V . 90. p . 626.
T h e le a s e t o t h e
M u n i c i p a l 7 r a c t i o n C o . w a s c a n c e le d o f r e c o r d .
.
“ s e c u r it y " fr a n c h is e o r d in a n c e g ra n te d
P ° t b e in g r a t i f i e d ( V . 8 7 , p . 1 0 8 9 ) a n d t h e S c h m i d t o r d i n a n c e
b e in g d e f e a t e d a t a r e f e r e n d u m e le c t io n A u g . 3 1 9 0 9 ( V . 8 9 , p . 3 4 8 ) , a n e w
f r a n c h is e o r d in a n c e w a s p a s se d In D e c . 19 09 b y th e C it y C o u n c il, a n d a c
c e p t e d b y t h e r a i l w a y c o m p a n y , b a s e d u p o n t h e v a l u a t i o n o f t h e c o m p a n y ’s
p r o p e r t y a s f ix e d b y J u d g e l a y l e r .
T h e o r d in a n c e g r a n t s f r a n c h is e s to
o p e r a t e o n e x i s t in g r o a d s t o M a y 1 1 9 3 4 , s u b j e c t t o t h e r i g h t o f t h e c i t y t o
p u r c h a s e t h e p r o p e r t y a t a n y t im e a t 1 1 0 % o f c a p i t a l v a l u e a s f ix e d I n a c
c o r d a n c e w it h th e t e rm s o f th e o r d in a n c e , o r o n a n d a f t e r J a n . 1 1 9 18 to
d e s ig n a t e a p u r c h a s e r o r lic e n s e e I n p la c e o f t h e c o m p a n y o n p a y m e n t o f
8 a!? n a m o u n t .
^ e b . 17 1 9 1 0 a t a r e f e r e n d u m e le c t io n t h e e le c t o r s
r a t if ie d t h e o r d in a n c e .
V . 9 0 , p . 16, 5 0 2
V a l u a t i o n . — J u d g e T a y l e r p la c e d t h e v a lu e o f t h e p h y s i c a l p r o p e r t y o f t h e
C le v e la n d E le c . R y . C o . a t $ 1 7 ,5 1 1 ,3 0 6 a n d th o f r a n c h is e v a lu e a t $ 3 ,6 1 5 ,A A 4 ' t o t a l, * 2 v ,
a £ r c c d v a lu e o f p r o p e r t y p u r c h a s e d f r o m F o r e s t
S 1.1^ , - ? ^ ™ ^ - ’. 8 1 ’ 8,0 5 ’ 6 0 0 - t o t a I v a lu a t i o n , $ 2 2 , 9 3 2 , 7 5 0 .
T o t h i s Is a d d e d
§i .
S r r,e n t a l a c c r u e d , m a k i n g t h e e n t i r e c a p i t a l “ v a l u e ”
$ 2 4 ,0 9 1 ,0 o 0 .
T h o b o n d e d d e b t o f $ 8 , 1 2 8 , 0 0 0 a n d f lo a t in g I n d e b t e d n e s s
a^
1 9 0 8 , 5 1 . 2 8 8 , 0 0 0 , o r $ 9 , 4 1 6 , 0 0 0 In a l l , Is d e d u c t e d , l e a v i n g
$ 1 4 , 6 7 o , 0 o 0 ; a g r e e d a d d i t i o n t o e q u a li z e s t o c k v a iu o , $ 5 5 0 , m a k i n g t h o
r e s id u e o f c a p it a l v a l u e , ” 1. o ., t h e c a p it a l s t o c k , $ 1 4 , 6 7 5 , 6 0 0
The
v a l u a t i o n Is t o b e In c r e a s e d f o r t h e p u r p o s e o f f i x i n g t h e p r lc o a t w h ic h t h e
c i t y o r i t s n o m ln o o m a y p u r c h a s e t h e p r o p e r t y b y t h o a m o u n t o f f u t u r e
r e q u i r e m e n t s , I n c lu d i n g c o s t o f n o w p a y - a s - y o u - e n t e r c a r s a n d 7 5 % o f t h e
c o s t o f r e m o d e lin g o ld c a r s a s p a y - a s - y o u - e n t e r c a r s .
. / '’a r e s .
I h e i n i t i a l f a r o I s t o b e 3 c e n t s , w it h 1 c e n t e x t r a f o r t r a n s f e r s
w
s .Ta t c
,h e V ’ 01* f o r 8 m o n t h s t o s e e i f I t w i ll y i e l d t h o
1e r r a6i
t a v a l ,u o — 5 % o n b o n d s , 6 % o n f lo a t in g d e b t a n d
c a p it a l s t o c k .
[ A l t h o u g h e x p e r im e n t a l t i m o - li m lt h a d e x p i r e d a n d e a r n l ? M ? | b 1lo v c <
8*c p n t f a r o w a s I n a d e q u a t e , t h e I n i t i a l r a t e o f f a r e w a s
s t ill In fo rc e a t t h e e n d o f J a n . 1 9 1 1 .]
E a s t C le v . fa re to b e sa m e a s c it y fa re
}' a r e f o r o t h e r s u b u r b s , 5 c . , o r 11 t i c k e t s f o r 5 0 c . , a c c o r d i n g t o c o n t r a c t s .
c o rrip a -ciy s s c h e d u le s a n d r o u t e s a r e t o b e s u b j e c t t o t h e s u p e r v i s i o n
o f t h e c i t y , a n d t h o r a t e s o f f a r o t o b e f ix e d s o a s t o n e t a r e t u r n o f I n t e r e s t
a s s t a t e d a b o v e o n th e v a lu a t io n o f th e p r o p e r t y a n d p e r m it o f t h e m a in
t e n a n c e a t a l l t im e s o f a s o - c a lle d I n t e r e s t f u n d o f a t le a s t $ 5 0 0 , 0 0 0 .
V . 89.
p. 1667.
M a x i m u m ia .ro , h o w e v e r , is to b o 4 c e n t s f o r a s i n g le f a r o , o r 7
t ic k e t s f o r a q u a r t e r , w it h 1 c e n t f o r t ra n s fo r w it h o u t r e b a t e .
O R G A N IZ A T IO N .
In
1908
ch ang ed
nam e
fro m
th e
C le v e la n d
E le c t r ic R a ilw a y C o . ( w h ic h h a d In 19 03 ta k e n o v e r th e C le v e la n d C it y R y )
to C l e v e l a n d R a i l w a y C o . , a n d a u t h o r i z e d n e w s t o c k to t h e a m o u n t o f $ 3 5 0 0 0 ,0 0 0 .
’1 h e o ld s t o c k o f C l e v e l a n d E l e c t r i c R y . w a s g i v e n a v a l u a t i o n
o f $ 5 5 p e r s h a r e , o r $ 1 2 , 8 7 0 , 0 0 0 ( t h e s t o c k h a v in g f o r m e r ly b e e n $ 2 3 4 0 0 0 0 0 ), w h ic h v a lu a t io n w a s a g re e d u p o n a f t e r e x te n d e d c o n f e r e n c e ’ a n d
w h i c h w a s p a i d I n n e w s t o c k Is s u e d b y C l e v e l a n d R a i l w a y a t a p a r ( $ 1 0 0 )
v a lu a t io n .
T h e F o r e s t C i t y R y . ( w h i c h h a d f ir s t a b s o r b e d t h e L o w F a r e
R y . ) w a s p u rc h a s e d f o r $ 1 ,8 0 5 ,6 0 0 s t o c k o f C le v e la n d R y . , th e s h a re s o f th e
F o r e s t C i t y R y . b e in g a c c e p t e d a t t h e i r p a r ( $ 1 0 0 ) v a l u e .
O n M a r c h 1 0 1 9 1 0 s t o c k h o ld e r s w e r e o f f e r e d t h e r i g h t u n t i l A p r i l 1 0 1 9 1 0
t o s u b s c r i b e f o r 1 0 % o f n e w s t o c k a t p a r , p a y a b le 2 5 % e a c h o n o r b e f o r e
M a y 1 . J u l y 1, S e p t . 1 a n d N o v . 1 1 9 1 0 . o r o p t io n a lly In f u ll a t a n y t im e
b e fo re N o v . 1.
V . 90, p. 7 7 1 .
O n ly $ 3 8 6 ,2 0 0 o f th e n e w s t o c k w a s t a k e n .
• O n J a n . 2 6 1 9 1 1 s t o c k h o ld e r s a u t h . a n e w $ 3 5 , 0 0 0 , 0 0 0 m t g e . V . 9 2 , p . 2 6 0
O n J u n e 18 1 9 1 0 m o t o r m e n a n d c o n d u c t o r s w e r e a w a r d e d a n I n c r e a s e In
w a g e s o f 4 c e n t s a n h o u r , e f f e c t iv e J u n e 1 5 1 9 1 0 .
V . 90, p . 1 6 7 5 .
S T O C K A N D f iO N D S D a te .
In ter es t.
O u tsta n d in g .
M a tu rity S t o c k $ 3 o ,0 0 0 ,0 0 0 ($ 1 0 0 )
------q -j
$ 1 5 ,0 0 1 ,8 0 0 J a n ’l l . 1 &
C le v E le c R y 1st co n s m tg e l 1893
5 g M -S
5 ,0 0 0 ,0 0 0 M c h 1 i 0 1 3
( $ 1 , 0 0 0 ) g o ld , n o t r e d . c * & r j l n t . a t C e n t r a l T r u s t C o .
N
Y
T ru ste e
C l e v e l a n d R y $ 3 , 1 7 9 , 0 0 0 ($ 1 ,- 1 1 9 0 9
5 J-J
3 ,1 5 1 0 0 0 J a n
1 1012
0 0 0 , $ 5 ,0 0 0 & $ 1 0 . 0 0 0 - c & r ) In t e r e s t In N e w Y o r k C it y .
B o n d s . — B o n d s o f 1 9 0 9 a r e s u b j e c t to c a ll a t p a r a n d I n t e r e s t o n 6 0 d a y s ’
n o t ic e .
R e m a i n i n g $ 2 8 , 0 0 0 n o t Is s u e d w i ll b o c a n c e l e d .
C it iz e n s ’ S a v in g s
6 ’T r u s t C o . , C l e v e l a n d , a n d A l l e n B . F o r b e s , N e w Y o r k , t r u s t e e s
V 89
p . 41; V . 90, p 626.
T h o y a r e s e c u r e d b y d e p o s it o f $ 2 , 0 2 6 , 0 0 0 C l e v e l a n d
C i t y C a b le R y . b o n d s w h ic h m a t u r e d J u l y 1 1 9 0 9 , $ 1 , 0 0 0 , 0 0 0 E a s t C l e v e
la n d R R . b o n d s w h ic h m a t u r e d M a r c h 1 1 9 1 0 ( b o t h o f w h ic h I s s u e s w e re
t a k e n u p b y t h e n e w I s s u e ) , $ 1 , 0 0 0 , 0 0 0 C l e v e l a n d E l e c t r i c R y . f ir s t c o n s o ls ,
a n d a ls o b y g e n e r a l lie n o n t h e e n t i r e p r o p e r t y o f t h e C l e v e l a n d R y .
E A R N I N G S . — F o r J a n . a n d F e b . 1 9 1 0 ( u n d e r r e c e iv e r s ) a n d 1 0 m o s . t o
D e o . 31 1 9 1 0 (u n d e r 3 -c e n t f a r e o r d in a n c e ):
P erio d —
G ross.
N et
M i s c .I n c .I n t .A T a x . B a la n c e .
J a n . & F e b . (2 m o s . ) . . $ 9 5 7 , 2 7 2
$ 3 1 7 ,8 0 5
$ 6 ,6 3 6
$ 2 7 7 , 4 9 3 s u r . $ 4 6 ,9 4 8
10
m o s . e n d . O c t. 3 1 . . 5 , 1 6 6 , 3 7 0 1 ,2 9 0 ,0 9 4
3 0 ,1 0 1 1 ,4 3 8 ,6 2 1 d e f . 1 1 8 , 4 2 6
Y e a r 1 9 1 0 ---------------------- 6 , 1 2 3 , 6 4 2 1 , 6 0 7 ,8 9 9
3 6 ,7 3 7 1 ,7 1 6 ,1 1 4 d e f. 7 1 ,4 7 8
D i v i d e n d s .— F T r s t d l v . — 1 > $ % — u n d e r n e w f r a n c h i s e o r d i n a n c e o f D e c .
19 09 p a id A p r il 1 9 1 0 : J u ly , 1 > $ % ; O c t., 1 J S % .
In 19 11, J a n ., 1
•
R O A D . — C o n s is t s o f a b o u t 2 5 0 m ile s o f t r a c k .
M o s t ly 8 2 , 9 5 , 103 a n d
1 4 1 - lb . s t a n d a r d ; 1 0 3 - lb . g i r d e r r a i l s .
O F ’ F I C E R S . — P r e s . & G e n . M g r . , J . J . S t a n le y ; V . - P . , R . A . H a r m a n :
S e c . & T r e a s ., I I . J . D a v ie s ; V . - P . , C . F . E m e r y .
V . 86, p. 602, 1042,
1099, 1 2 2 3 , 1446; V . 8 7 , p . 2 2 6 , 6 7 7 , 8 7 3 , 936 , 108 9, 1 3 0 0 ; V . 8 8, p . 3 7 4 ,
156 0 ; V . 89, p . 4 1 , 3 4 8 , 7 7 8 , 9 18, 1 2 2 3 , 166 7; V . 9 0, p . 16 7, 3 0 2 , 5 0 2 , 6 26 ,
1675; V . 91, p . 214 , 1327, 1710; V . 92, p . 260.
CLEVELAND SOUTHWESTERN & COLUMBUS RAILW AY CO.— A
t r o l le y r o a d .
O R G A N I Z A T I O N . — I n c o r p o r a t e d In O h io o n M a r c h 4 1 9 0 7 a n d Is a
c o n s o li d a t i o n o f t h e C l e v e l a n d & S o u t h w e s t e r n T r a c t i o n C o . , t h e C l e v e l a n d
A s h la n d & M a n s f ie ld T r a c t i o n C o . a n d t h e O h io C e n t r a l T r a c t i o n C o .
For
te rm s o f e x c h a n g e se e V . 8 3 , p . 1 5 9 0 .
A ls o o w n s th e N o r w a lk G a s &
E le c t r ic C o .
I n 1 0 0 7 a c q u ir e d $ 5 0 5 ,0 0 0 o f th e $ 6 5 0 ,0 0 0 c o m m o n s t o c k o f
t h e M a n s f ie ld R a i l w a y , L i g h t & P o w e r C o .
I n 1 9 0 7 a ls o s o m e o f t h e s t o c k
h o l d e r s o f t h e S o u t h w e s t e r n a c q u i r e d c o n t r o l o f t h e M o u n t V e r n o n c i t y li n e s ,
b u t n o m e rg e r c o n t e m p la t e d a t p re s e n t .
V . 85 d 283
STO CK AND BONDS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
.....................$4 i « 3 5 0 0
.
C o m m o n $ 7 , 5 0 0 , 0 0 0 .................................
P r e f $ 2 , 5 0 0 , 0 0 0 5 % c u m ______ _______
_____ 1 . 1 . .
2 |4 0 0 !0 0 0
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5 A O
9 9 8 .0 0 0 A p r l i ' l " i 5 2 7
$ 1 0 , 0 0 0 , 0 0 0 ( $ 1 , 0 0 0 ) g c * < S c r \In t . a t C l e v e l a n d T r . C o . , C l e v e . , 'T r u s t e e .
C l e v e l a n d & E l y r i a f ir s t m o r t - j 1 8 9 5
6 M N
2 0 0 ,0 0 0 M a y 1 19 15
g a g e o n 18 m ile s ( $ 5 0 0 ) [ I n t e r e s t a t C i t i z e n s ’ S a v i n g s & T r u s t C o . ,
S u b je c t to c a ll M a y 1 1 9 0 5 . J
C le v e la n d . T ru s te e .
E l y r i a & O b e r l ln f i r s t m o r t 1897
6 F -A
1 0 0 ,0 0 0 A u g . 1 1 9 17
g a g e o n 9 m ile s ( $ 5 0 0 ) g o ld [ I n t e r e s t a t C l e v e l a n d T r u s t C o . , T r u s t e e .
S u b je c t to c a ll A u g 1 10 0 7 •
C1C,Y
C 0 !}3 1 1 8 0 9
5 g M -S
1 2 7 ,0 0 0 M c h . 1 19 19
M $ 5 0 0 , 0 0 0 g ($ 1 , 0 0 0 e a c h ) [ I n t e r e s t a t C l e v e l a n d T r u s t C o . , T r u s t e e .
S u b je c t to c a ll M c h 1 1 9 0 9 . J
C le v e la n d E ly r i a & W e s t e r n f 19 00
5 g F -A
1 ,0 7 3 ,0 0 0 A u g . 1 1020
? J ? t « ^ ? rtK iaig e ? 1 . 5 0 0 , 0 0 0 j I n t . a t C l e v e . T r . C o . , C l e v e . , T r u s t e e , o r a t
( $ 1 , 0 0 0 ) g o l d ------------------ c & r l
N a t . B a n k o f C o m m e rc e In N . Y .
M a y be
o
..
1 c a lle d a f t e r 10 y e a r s a t 1 0 0 .
,
E ly r ! a G ra ft o n & S o u th e rn )
1002
5 g J-J
1 0 0 ,0 0 0 J a n . 1 1 0 2 2
f i 1?® / P S rti5 W re /«S ’i « r ' i * n t c r e s t a t C l e v e l a n d T r u s t C o . , C l e v e l a n d ,
XnA C,eP» n'nm B & w
T ru s t e e , a n d T r u s t C o . o f A m e r ic a , N . Y . ,
0 0 0 ($ 1 ^ 0 0 0 ) g o l d . . . . . . c * J C a n b e c a lle d a t p a r o n J a n . 1 1 0 1 2 .
N o r w a l k G a s & E l e c t r i c f ir s t
1900
6 A -O
1 1 0 ,0 0 0 A p r il 1 19 2 0
m o rtg a g e $ 1 1 0 ,0 0 0 ($ 5 0 0 ) g f l n t . a t G u a r d ia n S . & T r . C o ., C le v e la n d ,
S u b je c t to c a ll A p r il 1 1 0 1 0 J
T ru s t e e , o r C h a s e N a t io n a l B a n k , N . Y .
C le v e la n d
&
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19 03
5 g F -A
1 .4 0 0 .0 0 0 F e b . 1 1 0 2 3
? J s L 5 nAdAAC? J \S0A A ^ 0 r t g a ? e f I n L a t G u a r d i a n S a v . & T r . C o . . C l e v e l a n d .
rt’u8.8 ’ 95 9 ^ ? 9 0 ( $ 1 , 0 0 0 ) g . _c<fcrj
T ru s t e e , o r T r u s t C o . o f A m e r ic a , N . Y .
O h io C T r a c f i r s t m o r t g a g e / 1 8 9 9
5 g J-D
1 5 0 ,0 0 0 J u n e 1 19 19
/-vv.^5J ? ’0 0 0 ( $ 1 , 0 0 0 ) g o l d . . c * l I n t . N . H a v e n T r . C o ., N . H a v e n , C o n n . , T r u s .
O h io C e n t r a l T r a c t i o n c o n s o ll- i 1 9 0 3
5 g M -S
2 5 0 ,0 0 0 M c h . 1 1 0 2 3
d a t e d m o rtg a g e $ 4 0 0 ,0 0 0 [ I n t . a t C le v e . T r . C o ., C le v e la n d , T r u s t e e , o r
( $ 5 0 0 ) g o l d ------------------------- c * J
a t N a t io n a l B a n k o f C o m m e rc e , N . Y .
B o n d s .— O f th e $ 1 0 ,0 0 0 ,0 0 0 n e w b o n d s . $ 3 ,5 1 0 ,0 0 0 a r e re s e rv e d fo r p r io r
H e n s a n d $ 5 , 4 9 2 , 0 0 0 f o r e x t e n s io n s , I m p r o v e m e n t s , <Scc. T h e y a r c s u b j e c t
t o c a l l a f t e r 10 y e a r s a t 1 0 5 a n d a c c r u e d I n t e r e s t .
T h e C le v e la n d & S o u t h
w e s te rn b o n d s o f 1 9 0 3 a re s u b je c t to c a ll o n a n d a f t e r F e b . 1 1 9 1 3 a t 1 0 5
a n d In t e r e s t .
$ 1 ,6 0 0 ,0 0 0 o f t h is Is s u e a re r e s e rv e d to r e t ir e c e r t a in u n d e r
ly in g b o n d s .
M A P O P T H E H IN E S
OF
THE CLEVELAND RAILWAY COMPANY
ELECTRIC RAILW AYS
CLEVELAN D, OHIO.
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6s to a like amount. Of the *1,500.000 Cleveland Elyria & Western new
5s, *427,000 are reserved to retire prior Hens. The Ohio Central Trac. Co
■consol, bonds may be called upon 30 days notice at 105 and lnt. , $150,000
■of consols are reserved to retire a like amount of first 5s. First mortgage
was originally *200,000 authorized, but $50,000 canceled subsequent:ly.
EARNINGS.— For calendar year 1910, gross, *l,01o,627, net, *434,188,
■other Income, *661; charges, *338,274; surplus, 596,575. In 1909, gross,
*900,944; net, *345,815; charges, *300,884, surplus. *44,931.
R O A D __Operates 208 miles of track (of which 132 miles are on private
right of way) In and from Cleveland to Berea, Elyria, Oberlln, Norwalk,
Medina Wellington, North Amherst, Lorain, Creston, Chippewa Lake,
Seville Wooster. Llnndale, Purltas Springs, Gallon, Bucyrus, Mansfield
and Ashland. 60 and 70-lb. rails. Standard gauge. Operates 70 cars.
Also does freight and express business. Company owns Purltas Springs
and Seccalum Park and reaches Chippewa Lake. Also owns and operates
electrlo-llghtlng plant In Norwalk.
OFFICERS.— Pres.. F. E. Myers; 1st V .-P ., A. E. Akins; 2d V .-P .,
L J Wolf: Sec. & Gen. Mgr., E. F. Schneider; Treas., J. O. Wilson; Audi
tor it. B. Cavanaugh. General office, Cleveland.— V. 84, p. 569, 748, 995,
1 1 1 3 ; v . 85, p. 283; V. 88, p. 294. 504; V. 90, p. 913; V. 92, p. 260.
(1) Mansfield Railway. Light & Power Co.— A trolley road.
In 1907 control passed to the Clev. Southwestern & Columbus Ry. Co.
ORGANIZATION.— Successor In April 1903 to the Citizens’ Electric
Railway, Light & Power Co., which In turn was successor to the Mansfield
Electric Street R y. Owns entire street railway and electric light systems
In the city. City fr a n c h is e runs till 1025.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common, *650.000 (*100)........................................
*650,000 ...................
Pref. *3 5 0 , 0 0 0 (*100) 6% cum ...........................
350,000 1907, 6%
Citizens' first mort. (*400.-f 1901
5
200,000 April 1 1923
000) (*500)______________(Interest at Cleveland Tr. Co., Cleveland. Tr.
Mans R y L t & P gen mtge *1,-J 1903
5 g A-O
742,000 April 1 1918
000,000.g (*500& *1,000) c^lUnlon Sav. Bk. & Tr. Co., Cln.. Trustee.
B o n d s .— Interest on the new bonds of the Mansfield Railway Light &
Power Co. Is payable at Rudolph Kleybolte & Co.’s office, New York,
Cincinnati and Chicago. *200.000 of the new bonds are reserved to retire
the bonds of the old Citizens Company and *58 000 for future acquisitions
and Improvements. A reserve fund of *10,000 per annum Is maintained, to
be used for extensions and improvements. Not subject to call. See V. 76,
CLEVELAN D
YO U N dSTO W N
&
EASTERN
R Y . CO.
ORGANIZATION.— Incorporated In Ohio on June 1 1906. On March 1
1910 acquired the Cleveland & Chagrin Falls Ry. (Incorporated Feb. 18 1910
to take over the Cleveland & Chagrin Division of the Eastern Ohio Traction,
sold Feb. 5 1910)
STOCK AND BONDS—
D a te .
I n te r e s t
O u ts ta n d in g .
M a tu r ity
Stock *152,500 (*100)_........................................
*152,5'0
. ...
300,000 Jan 1 1930
Clev & Chag Falls 1st M *300, 1 1910 6 g J-J
000 gold ($500)...............c*/Int. at Guardian Sav. & Tr. Co., Clev., trus.
Clev Y & E R y mtge $52,0001 1910 6 g J-J
52,000 Jan 1 1915
gold (51,000) see t e x t ...c * /I n t. at Citizens’ Sav. & Tr. Co., Clev., trus.
B o n d s . —Cleve. & Chag. Falls bonds subj. to call, any or all, on any lnt.
date at 102/3 and lnt. C. Y. & E. Ry. bonds subj. to call, any or all, at
par and lnt. They are 1st mtge. on line between Chagrin Falls and Garrcttsvllle and 2d mtge. on line between Cleveland and Chagrin Falls.
ROAD.— Operates 37 miles of line between Cleveland, Chagrin Falls and
Garrcttsvllle. Standard gauge. 60 and 70-lb. T rail.
OFFICERS.— Pres.,H.P.M cIntosh; V .-P ., H. Clark Ford; Sec. & Mgr.,
Robt. D. Beatty; Treas., C. A. Taylor.
L A K E S H O R E E L E C T R I C R Y . — (S e e M a p o n p a g e 34.)
ORGANIZATION.— The Lake Shore Electric Ry. was incotmorated on
Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain & Cleve
land R y., the Sandusky & Interurban R y., the Sandusky Norwalk & South
ern Ry. and the Toledo Fremont & Norwalk R R . V. 73. p. 784. About
half the road Is built on private right of way: J r a n c h is e s for the remaining
half were In 1908 stated to have an average life of 15 years. Company has
traffic agreement by which It enters the cities of Cleveland and Toledo
over the tracks of the local street railway systems.
Controls the Lorain Street R R . and the Sandusky Fremont & Southern
Ry., which see below. In 1907 made contract to supply power to the
Toledo Findlay & Fostorla and several other roads. V. 85, p. 1646.
In 1910 charter was amended so as to transform the then existing 5%
cum. pref. stock of *3,000,000 Into *1,000,000 6% cum. 1st pref. and
*2,000,000 5% non-cum. 2d pref. stock; V. 90, p. 698. At the same
time accumulated dividends on old pref. stock (part of which had been
Issued later than the rest) were adjusted. V. 90, p. 1170, 1296; V. 91, p
790.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common, *4,500,000 (par*100)...........................
*4.500,000 ...................
Q-J
l ,000 000 Jan ’ l l 1 >3
P'EARN IN GS.— For 12 mos. from April 1 1909 to Mch. 31 1910, gross, ls tp f *1,000,000 ($100) 6% cum ___
2d pf $2,000,000 ($100) 5%n-c ..........................
2,000 000 ...................
*203,583; net, *78,250; Interest, *47,100; balance, *31,150.
1st con mtg, *4,000.0001 1903
5 g J-J
1,730,000 Jan *1 ____
1923
R O A D __Owns and operates 0 miles of track In Mansfield and an Inter
($1,000), g o ld .................c*( lnt. at Citizens’ Sav. & Tr. Co., Cleveland,
urban line of 12 miles to Shelby; 60 and 70-lb. T rail. 40 cars.—V. 78, p.
l Trustee, or Trust Co. of America, N. Y.
2442; V. 83. p. 1291; V. 85, p. 284.
General mtge, *7,000,0001 1903 5 g F-A
2.255,000 Feb 11933
($1,000), g o ld .................c*lin t, at Citizens’ Sav. & Tr. Co., Cleveland,
CLEVELAND PAINESVILLE&EASTERN RR.— (See M a p o n P a g e 33.)
l Trustee, or company’s agency In N. Y.
ORGANIZATION. Ac.— Incorporated In Ohio on April 25 1895. Road Lorain & Cleveland 1st, gf 1897
5 g J-J
750,000 July 1 1927
($1,000), $1,000,000 _____j Interest at Cleveland Trust Co., Trustee, or
•completed In July 1908. F r a n c h is e s expire from 1920 to 1935. In June
l Trust Co. of America, New York.
1906 acquired control of the Cleveland Palncsvllle & Ashtabula R R . V, 82,
T F & N 1st mtg, $1,500,000,1 1900 5 g J-J
1,500,000 Jan 11920
p. 1322, 1379.
g,
guar ($500, *l,000)._c*Jlnt. at Union Trust Co., Detroit, Trustee.
On Jan. 25 1911 stockholders voted to increase authorized stock from
*2,000,000 to *3,500,000. V. 92, p. 260.
B o n d s . — Of the $4,000,000 first consols, $2,250,000 are reserved to retire
prior liens; *20,000 have been canceled; $4,000,000 of the general mortgage
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
.................- 5 per cents are reserved to retire the first consols and *745,000 for extensions
Stock *3,500.000 (par *100).....................................*2,0u0,000
First mortgage *500,000 gold f 1896
5 g A-O
500,000 April 1 1916 and lmpts., at 80% of cost. Neither Issue Is subject to call. A s in k in g J u n d
(*1 000 each)__________ c*( Interest at Morton Trust Co., N. Y ., or of $10,000 per annum on the first consols commenced Jan. 1 1909 and runs
l Cleveland Trust Co.. Cleveland, Trustee. until 1914. From 1920 to 1922, Incl.. *30,000 per ann. Is payable. The L.&
Consolidated mortgage *2,- f 1898
5 A-O
1,131,000 Oct. 1 1918 C. bonds can be called after July 1 1917 at par and lnt. The T. F. & N.
000,000 (*1,000) g o l d ____{ lnt. at Citizens’ Sav. & Tr. Co., Cleve., bonds can be called at 110 and Interest on any Interest date upon 90 days’
I Trustee, or Trust Co. of America. N. Y. notice. A s in k in g f u n d on the T. F. & N. bonds of *10,000 per annum com
Ref’g and extension mtge *5,- f 1908
5 g M-N
251,000 May 11948 menced In 1905 and runs to 1909, Inclusive; from 1910 to 1914, *20,000
000,000 gold ($1,000)__ c*{Int. at Clev. Trust Co., Cleveland, Trustee, per annum; 1915 to 1919-, $30,000 per annum.
L i e n . — The T. F. & N. bonds are a first lien on the division between
l or company’s agency In New York.
Toledo and Norwalk; the L. & C. bonds are a first lien on the road between
B o n d s .— Of the *2,000,000 consols authorized. *500,000 is reserved
Cleveland
and Lorain: and the 1st consol, bonds a first lien on all other
to retire underlying liens. It Is provided In new refunding and extension lines and also
a second mtge. on the divisions noted above.
mortgage that remaining consols cannot be Issued. Of the refund, and
D iv i d e n d s . — Initial dlv. on 1st pref., 1 }3% . paid Oct. 1 1910. In 1911,
extension bonds, $118,000 are In treasury,*1,631,000 are reserved to retire Jan.,
1H
%
.
prior liens, and $3,000,000 are reserved for future extensions and Improve
REPORT. —For years ending Dec. 31, not Including Lorain Street RR.
ments, to be Issued only when net earnings for preceding 1^. months have
been not less than 25% In excess of Interest charges on outstanding bonds, The Sandusky Fremont & Southern R y. was placed In operation Sept. 17
including those to be Issued. Subject to call May 1 1938 or on any Interest 1907. See report in V. 92, p. 457.
1910.
1909.
1907.
1908.
date thereafter at par and interest on 30 days’ notice.
earnings.... ..........*1*1,005,879
$919,613
*867,269
*913,161
ROAD.— Owns road from Euclid, Ohio, to PalnesvlUe and Falrport. Gross
Opcr. exp. & taxes
497,331
490,974
536,096
521,559
24.02
miles (“ Main Line” ), and uses Cleveland Electric R y. from Euclid
to Public Square, Cleveland, 10 miles; also owns Shore Line, extending
*376,295
*391,602
$469,783
$422,282
from Willoughby to Glenville. Ohio, 14.89 miles, and uses the Cleveland Interest.
294,073
350,450
326,233
352,550
Electric Railway Co.’s track from Glenville to the Public Square, Cleveland.
5 miles. Total track operated (Including 4/3 miles of double), 46J3 miles.
$50,062
$97,529
*117,233
$71,832
With the Cleve. Palnesv. & Ashtabula forms a continuous line from Cleve
25,000
25,000
25,000
25,000
land to Ashtabula. Ralls 68-lb. girder on Main Line, 75-lb. T on Falrport Other lncomc.
Line and 70-lb. T and 90-lb. girder on “ Shore Line ; 29 motor cars and 8
*122,529
$75,062
$142,233
$96,832
other cars. Power-house Is at Willoughby. Car-houses at Willoughby,
ROAD.—Operates 172 miles, extending from Cleveland to Toledo
PalnesvlUe and Nottingham.
REPORT.— For years end. Dec. 31. For 1910 report see V. 92, p. 391. and Sandusky, and from Sandusky to Norwalk: also city lines In Sandusky;
standard-gauge, 70-lb. rails. Through line from Cleveland to Toledo was
1910.
1909.
1908.
1907.
1906.
for business about Aug. 26 1902. In addition owns the Sandusky
Gross earnings
____*355,469 *321,173 *305,745 $296,318 *271,100 opened
Fremont & Southern, 20 miles, and the Lorain Street RR., 24.77 miles,
Expenses . . . . I . I .........- . 175,169 163,909 168,494 •157,197 •143,993 making
a total of 216.77 miles. Has 53 double-truck Interurban cars. 23
N e t ................................*180,300 *157,264 *137,251 *139,121 *127,107 single-truck city cars. 6 double-truck baggage and freight cars and 66 work
Fixed Charges and taxes.. 106,618
101,283
96,736
86,552
83,939 CaOFFICEaRS.— Pres., E. W . Moore, Cleveland and N. Y.; V.-P., W . H.
Price, Cleveland; V.-P. and Gen. Mgr., F. W. Coen, Sandusky, O.; Sec. and
Surplus_______________*73,682
$55,981 *40,515 *52,569 *43,168 Treas.,
John P. Witt, Cleveland.— V. 88, p. 371, V. 89, p. 721; V. 90, p. 110,
• In 1906 and 1907 taxes arc included In operating expenses.
368.
372, 698, 1170, 1296; V. 91, p. 790; V. 92, p. 262, 457.
OFFICERS.— Pres., E. W. Moore: V .-P ., J. A. Beidler; V.-P. & Gen.
(1) Lorain Street Railroad Co.—A trolley road.
Mgr., J. Jordan; Treas., E. V. Hale; Sec., Fred. S. Borton; Asst. Sec. and
ORGANIZATION.— Incorporated In Ohio on Aug. 3 1906, and Is a con
Treas., E. L. Schmock. Willoughby, Ohio.— V. 86, p. 335. 1525. 1529;
solidation of the Lorain St. Railway and the Avon Beach & Southern RR.
V. 88, p. 374, 1313, 1615; V. 90. p. 621: V. 92, p. 260, 391.
Entire stock and $500,000 new consols owned by the Lake Shore Klee. Ry.
(1) Cleveland Painesville & Ashtabula RR. A trolley road. Entirely Operates on private right of way except three miles In Lorain and Elyria
over private right of way, except through some of the villages, where on which franchises run until 1919.
r a n c h is e s expire In 1927.
STOCK AND BONDS Par. Date.
Interest. Outstanding. Maturity.
ORGANIZATION.— Incorporated In Ohio In 1902.
Stock, *2,000,000 . . . *100 ................ ............. *2,000,000 ...................
Lor.
St.
Ry.
1st
M.,1
1,000
1894
6 J-J
200,000 Jan. 1 1915
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
*200,000--------------/Interest Guardian Tr. Co., Cleveland, Trustee.
Btock *1,000,000 (*100).............................................*1,000,000 .....................
1899 5 g M-N
550,000 Nov. 1 1949
First mortgage *1,000,000/ 1902
5 g J-J
850,000 July 11922 Lor. St. Ry. Cons.,1 1,000
M.. *750,000. gold) lnt. at Guaranty Trust Co., N. Y ., Trustee.
gold ($1,000)...................c*\Int. at Cleveland Trust Co., Cleve., Trustee,
*1,000 .............. c*J
B o n d s .— No sinking fund and bonds cannot be called.
SeeJV. 75, p. 549. 1st consol. mtge.l 1.000
1906
5 g J-J
500,000 July 1 1936
*2,000,000, gold,[lnt. at CIt. Sav. & Trust Co., Cleve., Trustee, or
REPORT.— For years ending Dec. 31:
Y ears—
G ross.
N et.
I n t.A T a x es.
B a la n c e .
guar. (*1.000)..c*J
Agency In New York.
1910 .....................
.*136,273
*43,166
*56,511
def.*13,345
Bonds.— Of the *2,000,000 new bonds, $750,000 are reserved for prior
1909.......................
127,102
41,051
65,359
dcf. 14,308 Hens and *750,000 for extensions, etc. '1'hey are guar., prln. and lnt., by
1908 .................................. 123,139
37,926
50,639
def. 12,713 end. by the Lake Shore Elec. Ry.
EARNINGS.— For calendar year 1910, gross, $175,232; net, $78,705;
ROAD.— Operates 25 miles of track between PalnesvlUe and Ashtabula.
Put In full operation on July 30 1904. 70-lb. T and girder rail used. Track, Interest, $64,500; surplus, *14,295.
ROAD.— Operates 24.77 miles of track between Elyria, Lorain and
standard gauge. Connects at PalnesvlUe with the Cleveland PalnesvlUe &
Beach Park. Standard gauge. 28 cars.
Eastern RR. and at Ashtabula with the Pennsylvania & Ohio R y.— V. 82
p. 1322, 1379; V. 86, p. 337; V. 88, p. 374; V. 92, p. 322.
(2 ) The Sandusky Fremont & Southern Ry.
ORGANIZATION.— Incorporated In Ohio In April 1006. Is operated
CLEVELAND & EASTERN TRACTION CO.— A trolley road.
as part of main line of Lake Shore Electric Ry. between Cleveland and
ORGANIZATION.— Incorporated In Ohio on May 18 1910 to succeed Toledo. Lake Shore Electric Ry. owns entire stock. Private right of way.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
the Cleveland & Eastern division (V. 90. p. 1613) of the Eastern Ohio Trac
Stock, *2,000,000 .......... ....... Owned by the Lake Shore Electric Ry.
tion Co. per plan In V. 89, p. 1541, 1596.
1st mortgage, *2,000,000f 1906
5 g J-J
*645,000 July 11936
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
gold ($1,000) guar----- c*i lnt. at CIt. Sav. & Trust Co., Cleve.,
Common *600,000 (*100)....................................
*381,600 ...................
, l trustee, or at Agency In New York.
Pref *500,000 5% n-c ($100)...................... .........
465,865 ---------------Bonds.— Are guaranteed, prln. and lnt., by endorsement, by the Lake
First mortgage, *1,000,000,/ 1910
5 g J-J
764,000 July 11932 Shore
Elec. Ry.: not sub to call. See V. 83, p. 1099.
gold (*1,000)__________ c*\lnt. at Guardian Sav. & Tr. Co., Cleve., trus
ROAD.— Operates a line from Sandusky to Fremont, 20 miles.—V. 83,
B o n d s — Remaining bonds reserved for extensions, &c.
Bonds subject p. 97, 1099.
_______ ____ ________
to call, any or all, on any lnt. day at 103 and lnt.; will not begin to draw
lnt. until from and after Jan. 1 1912. V. 91. p. 336.
CLINTON, IOWA.
ROAD.— Operates 40 miles of track from Cleveland to Chardon, Burton
CLINTON STREET R Y . — Operates 15 miles of track In city of Clinton.
and Mlddleficld, O. Standard gauge. 60-lb. T rails.
Main line franchises perpetual; others limited to 25 years from Nov. 1908.
OFFICERS — Pres., H. P. McIntosh; V.-P., H. Clark Ford; Sec. and 72 to 80-lb. T-rall. Stock *600,000 ($100), of which *599,800 Is outstand
Gen. Mgr., Robt. D. Beatty; Treas., C. A. Taylor. Office, 701 Electric ing. Funded debt consists of *400,000 ($1,000) authorized and outstand
ing 5% 1st mtge. bonds (c&r), dated 1906, due March 31 1926, lnt. payable
Bldg., Cleveland, O — V 91, p. 154, 336.
M AP OF THE
C L E V E L A N D ,
E A ST E R N
P A IN E S V IL L E
R A IL R O A D
S Y S T E M .
^Middleboru]
Girard
T R A C T IO N
C O N N E C T IO N S
Platea
ELECTRIC RAILW AYS
Farnham0
Clark Corners
Conneaut Jc.
Mcl,ane
Cherryhill
Albion
Bushnell
Ed in boro
.NEVA
i
per r ;
SAYBROOKE
PLY Mi
R»
Griggs
1 _J
Gage.ville
O Bulah
Mosiertown
Mechanicsvillei
iHARPERSFIELd
;Plymouth
TH j
Giddings
Conneautville
Pierpon
\
Jefferson'
LEROY
CONCYORD
JLittle o_
Trumbull
Einesville
Meadville Jc .
iBuchanan
AmloTer
liimlon
Mann
^ ^ T ^ E U C L ID
) ]
,
arV \EUCLIDi MAYFIELD) Mulberry Corners ^
__^ Claridon.
E. CLEVELAND j j Chesterlaud
/
rowlers Mills
____ ________
°
■
Westford
j
WINDERME.RE
nm o
E.Claridon
E.Orwell
Atlantic
West Greenwood
Y f J1
Fullertown
Brookly
Vallo'nia
jleadville
Hampden
CHARD'Ol
WICKLIFF,
■ WILLOUGHBY
Thompson
THOMPSON
Clark
klRTLAND
F e d ., 191 l.J
Sumnerville
OHIO
diagrin Falls
Burton Sta.
Triumph
Burton o
MiddlefieJ
South Newbury
N.Bristol
Corinth!
ELECTRIC RAILW AYS
[V
o l
.
l x x x x ii
.
A. & O. In gold at Illinois Trust & Savings Hank, Chicago, trustee
Sub'
Ject to oall after 5 years at 105. Earnings for 1010 .gross, $ 1 4 9 soo- net
$68,200. In 1909, gross, $137,500; net, $67,000.
*
’
’ net
OFFICERS.— Pres., C. H. Young V.-P., D. Eangan; Sec., A. L. Schuy
ler; Treas., C. C. Coan; Gen. Mgr., Bernard Bohnsen.
y
COFPEYVILLE, KAN.
THE UNION TRACTION CO.
a5! ; 0?.?’00? authorized, $2,625,000 are reserved for
iaVire
^ u n a ° r 1% of bonds out commences;Aprll 1
* * • 4.
subject to call as a whole (or In part for sinking: fund) at 110
and Interest on any int. date. Notes are callable at par and Int. on any Int
day. Both bonds and notes are guar., p. & I., and s.f. by Columbus Elec. Co.
-...^kAN I .—Controls by ownership or lease developed water power on
? nn(IahIOnChinC
VI, 50° 11• P- Also owns steam plant of
3,000 h. p. In city of Columbus. Proposes to have an ultimate hydraulic
development of 75,000 h. p.— V. 82, p. 512.
COLUMBUS, OHIO.
C O L U M B U S R Y . & L I G H T C O . —Trolley a n d electric light.
s i ! ™ j « o . o o o . D° N“ ! r . . . D “ ! ;
ORGANIZATION.— Incorporated In Ohio on May 12 1903 and acaulred
1st mtge., $1,000,000, gold] 1007
5% J -j
650 000 Jan ” 1 * 1 9 3 7
under lease the Columbus Ry. Co. and the Columbus Edison Co at a rental
($1,000), sinking fu n d ....)W a rren (Pa.) Trust Co., trustee
of guaranteed dividends at the rate of 5 % per annum on the preferred stock
B o n d s . — $350,000 remaining bonds are reserved for extensions at 80%
of the former and 6 % per annum on the preferred stock of the latter and 5 %
of cost of construction. Redeemable annually bv lot at in la n d int
beginning Jan. 1 1012, through sinking fund. S. L o f 10% of net earning per annum on the common stock of each, the dividends on the 'common
annually begins In 1911. Int. payable at Nat. City Bk N Y - Commer or each company to commence Sept. 1 1903. Holders of c o m m o n stock of
the two companies were allowed to subscribe to the stock of the uew com
cial Nat. Bk.. Chic., and Tradesmen’s Nat. Bk.. Phlla See V 88 n 1 0 0 3
EARNINGS.— For year ending Dec. 31 1010 gross.' $183 869- net (after pany to the amount of their present holdings, 20% to be paid in cash and
taxes). $101,093, Interest, $30,731; surplus, $70 362
'
’ nel tauer the remainder subject to call, but not more than 10% In any one year
” • 78- P- 1142. Lease was slightly amended In Jan. 1906 (V. 82 d ’
ROAD.— Operates 39 miles of road, of which 6 miles In CoTcwlllc 2 miles
In Independence and 31 miles of lnterurban between c S ffo y v ffio iAdenen- 160) and bonds and stock of the Columbus Ry. Co. are to be taken by the
dence and Cherryvale. 70-lb. T rail. Extension from Cherryvale to Par lessee at par In payment of advances made by the lessee for construction
sons. 18 miles, and 6 miles city line In Independence (of which 5 miles are and Improvement of property. In July 1906 the U. S. Court granted a
perpetual Injunction restraining the city from enforcing an ordinance
completed) and ColfcyTlllo are under construction
OFFICERS.— Pres., D. H. Slgglns, Colfeyvllie* Sec II A Slcrtrlns passed In 1904 reducing the charge for electricity. V. 83, p. 94, 323.
On March 4 1907 leased for 50 years the Columbus Traction Co., which Is
T reas., Sam. Q. Smith. V. 88, p. 1003; V. 00, p. 1172; V. Ol, p. 590; V. 92
the successor to the Central Market Street R y.; for terms of lease see that
company below.
a, SSiiSPk.1 4 .1?.08 ®tu
0<dch0lders ratified lease of the Columbus Light. Heat
COLORADO SPRINGS, COL.
p.ihMAe<;r» £ ^ r tcr the latter bad acquired the property of the Columbus
Public Service Co.—see statement below. V. 87, p. 740.
COLORADO SPRINGS & INTERURBAN PV
in1|nereA«0edAC,V?hOn r f ^ CoIurnbus Edlson Co. (see below) voted March 2 1908
Colorado Springs
t i T Ry
f ' 1and
,n Aug.
1002* as a consolidation
of the to Increase authorized common stock from $450,000 to $750,000 and pre
Colorado
^Pnngs Rapid
Rapid fTransit
the Colorado
Springs & Suburban
ferred from 55o0.000 to 5750,000. V. 86, p. 288, 706.
$500 O O O n r e Y % llas Issued $1,500,000 stock, of which row ?
T^lch
everY car line In Coiumbus for about a
$500,000 p ref.
due Sept. 1932, Cent. Trust Co.,
r ^ <hir>nraS2 SAPntVclhVn
1910 •on basis of an Increase of wages of 1 cent
i i n d c r l 'v i n h o n 1h'
? ’ ^00: ,S3Ued> 51,000,000; $500,000 reserved for an hour, 2 cents having been demanded. V 90, p. 1238.
andhas nclthp^tnnu.?^her» lnf° rmatIon refused—“ Is a close corporation hloodshn L m l } hi°Hn=t9fwiStrIk? be?an which was attended by riots and
biooclsiieu ana tnc destruction of many cars. This was declared off hv th<»
S (Y 2 Y a n s f“
Ct''' Fa0tS bCl0W re la te i0 lc lv ^ ‘ ^ .a s s o c ia t io n on Oct. 15 1910, t L company h ^ ln g won out
V. 9 1 ?
Colorado Springs Rapid Transit.
A l l ie s . D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
?*0Ck iP, y £ ° 9) C—
..........................................
$500,000 f.p. 1905 6%
r-nntii' n ,0t0i°nnan
Ch
1890 6 A-O
338.000
See text
° fnr Kmi',1?oA000,e,a -)
27
1891 6 g A-O
162.000 Apr. 1 1021
for $500 000. gold /
Central Trust Co.. N. Y ., Trustee.
I n te r e s t Is payable at Chemical National Bank, New York City.
C o n so lid a te d m ortg a g e limited to $500,000 by cancellation of $250 000 of
iqL k .
*338,°°0 reserved for 1st mtge. First mtge. bonds matured In
ib Ka .uA were not retired, and are held presumably by friends of the co
ROAD.— Owns 38 miles of track.
OFFICERS.— Pres., D. H. Rice; V .-P ., A. G. Sharp; Sec., Wm LloydTreas., 0. S. Chamberlin.— V. 70, p. 75, 175, 328.
V
loya’
COLUMBIA, S.
t r o ^ e y r o a d .,A
E L C C T R ,C
STREET
0.
R A IL W A Y
L IG H T
&
P O W E R .— A
ElMRStA Rv^A|Y°ANp T iL ao 0n30lI.(1^ ,0IV,0n July 1 1905 of ^ e Columbia
",
& Powcr Co- and the Columbia Water Power Co.
The
’ r
l«P S- Car- Jan- 0 1S92 and was a consolidation
Electric0 ^
u* Suburban Ry. Co. and the Congaree Gas &
p «in «K i.C£ : ,A, <3.!l^ d ,the Columbia & Eau Claire Electric R y. The
Columbia Gas Light Co. Is owned by friends of the company.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity
*
Com., $1,000,000 ($ 1 0 8 ).......................................... $1,000,000
Pre|-. 5000,000 #% c u m .I -----J-J
600.000 Jan.’07, 3%
5 g J-J
1,060.000 July 1 1 0 3 5
Mortgage, $2,000,008 g .($500 1905
« $ 1 . 0 0 0 ........................ c* ^Interest at Chemical Nit B nk New York
D .
. . . __>or company’s agency In New York.
XRni°nnn m2f inthth *2-000'000 new bonds, $1,006,000 are outstanding and
menVP°°Aa «rJw«ti 1C/.trwas,ir5i A n5,rtn400-009 are rcserved for future better$3^hCK)0 have been retired? ? 10,000 per annum commenced July 1 1906;
Ta? 1i o n ? ^ dl1v,dcndon preferred stock— 3 % — paid July 1 1906;
Jan. 1907. 3 %, none since, all surplus being put Into property.
intEi^?nI?ifufGSA T For calendar year 1909, gross, $444,108; net. $235,999;
ntr>n Anr>a 3 ?,nd taxes, $117,331; sink, fund & dep’n, $16,000; sur.,$102,6G8
5 ;^ T ° ? i ratr8 al,out 25 mlles of track. Also does all electric light
s nnn |' Owns water-power contracts and water-power plant gencrat
a,l(1 5.000 h.p. turbine
s
hlCERS.— Pres, and Treas., E. W. Robertson: 1st V .-P., Henry Par
sons, Sco., C M. Berry; Gen. Mgr., Guy K. Dustin.— V. 81, p. 507? 9 7 4 ;
P • 931.
COLUMBUS, GA.
COLUMBUS ELECTRIC CO.
ORGANIZATION.— Incorporated In Maine on Feb. 6 1903 and owns all
* , o.s^ urltle* of tho 0a* Light Co. of Columbus, the entire common and
$121,300 of the pref. stock (out of $350,000) of the Columbus Power Co ,
and all the stock, all the 2d M. bonds and $370,000 of the 1st M. bonds (out
of $450,000) of the Columbus RR. Co., which companies do the entire street
railway and lighting and power business of Columbus and the adjoining
towns of Phoenix and Girard. Franchises perpetual. The freight lines
are leased to the Seaboard Air Line Ry. for 50 years from Oct. 17 1901 at a
rental of $7,500 per annum. $100,000 pref. stock Is held by the Publlo
Service Investment Co.
'
STOCK AND BONDS—
___ _
Date.
II n
n te
t e re
r esst,
t.
O u ts ta n d in g . M a t u r i t y .
Com., $1,500,000 ($ 1 0 0 )................
$1,500,000 ____
Pref., 0% , cum. aft. Jan. 11 . .
" ' j - j '
1,200,000 Jan. ’ 11,3%
1915 $1,200,000 ($ 1 0 0 ).../
1903
5g
g A-O
A-O
l8tr*Ci0nnnY" * 1,500’000 K°ldt t1903
5
758.000 Apr. 1 1933
Interest at
at Cltjr
City Trust Co., Boston, Trustee
rni 1' l»H.
dr
V 'V C l l!}V™e8t
1st mortgage.f
1898
5 A-O
80 000
(v t 1 1 0 1 7
AO
5450,000, g . (51,0 0 0 ) —
at West End Trust Co!, Phlla.. Trustee.
can nSa'T 3 h ^ ! 1.’.5 (}n’i )l 0 .n5,r b.onds of the Columbus Elec. Co. aro subject
nf
ai 10^ * ’ VnC * 8 0 >0 0 0 ore reserved to retire a like amount
hnmbi'»?nb nw ^U Lbo?hSV. The remaining $370,000 Columbus RR. 1st M.
Columbus Eleo. Co. An "Improvement fund” of
2 /a per annum of outstanding bonds commenced In 1905.
^rst d!y- °,n (,ref- stock, 3% , was paid Jan. 1907; 3% hag
been paid semi-annually since to and Including Jan. 1911.
tint
.
:9 p®i'a t 0 3
rJlllcs of track, of which
8
miles leased to Seaboard
Air Line. 45 cars. Standard gauge. 40, 56 and 60-lb. rail.
EARNINGS.— For 12 months ending Deo 31 1910 gross $ 4 6 4 nn«-
sur°p™$53Ui n n<1 taXC8' * 181>484:
OFFICERS. Pres., Charles F, Wallace; V .-P., Ilarrv II Iliinf*
Alvah K. Todd; Treas., Henry b . Sawyer Gen M m a n d Transfer
Stone & Webster. B o a to n .-V . 82. p. 509/ V. 83, pS ^ 9 0 r v . M p a a !^ -
(1)
Columbus Power Co.
ORGANIZATION.— Is a consolidation In March 1906 of the Columbus
Power Co., the Coweta Power Co. and the Chattahoochee Falls Co. Entire
com. stock and part of the pref. Is owned by tho Columbus Electric Co
STOCK AND BONDS— D a t e .
In terest.
O u ts ta n d in g
M a tu r ity .
Common, $1,500,000 ($ 1 0 0 ) . . ____
__
<i kqq nni)
Pref, $1,500,000, $100, 6 %f
’
4, l *ouu,uuu
non-cum, red at 105.........../ ................. ..........
3,>50 ooo
*4-000*000- ^old.l 1906
5 g A-O
1,375> )0 A p till' 1936
guar---------- - ------- - - -. - cj Int. at Commonw. Tr. Co., Boston Trustee
Gold notes, $250,000, guar,] 1906
5 g A-O
250.000 April 1 1 9 U
principal and Interest, by Redeemable at par on any Interest date
Columbus Electric Co.........JInterest at National City Bank, New York'
STOCK—
D a te .
In terest.
O u ts ta n d in g .
D iv id e n d s .
Quar. 120*% paldRM July ’10, M %
Stock. $5.000.000..............................
. .^ £ .R£ l NGS- ~ P f Eo'umbus R y. & Light Co. for cal year 1910 gross
52.390.028: net, $777,805; charges. $1,055,951; dlvs.V $75 ooo- dfflSft
$353,146. In 1909 gross, $2,595,068; net, $1,304,935; oharges', $1,044 582"
dlvs., $125,000; sur., $135,353. Decrease In 1910 figures due to strikes
on company’s lines in that year. • ■ • ■
singes
D iv i d e n d s .— First dlv. on Columbus R y. & Light stock, 1% was Dald
Jan 15 1906. and 1% was again paid July 10 1906: In 1907. Jan. 1 i% July 15, 1% ; and also
Oct. 1907. In 1908, 2% ; In 1909. 2 U % . In
1910, Jan., J4%; April, K % ;J u ly , Ji% ; Oct. dlv. omitted. V. 91, p. 870
PROPERTIES CONTROLLED.— The Col. Ry. & Light operates 10>
miles of track 5.0 of which Is a new suburban line and 12 mlles lnterurban.
Also leases Columbus Traction lines, 16 miles. Controls practically all of
the electric light, power
______
____________
m _____^
__ _ _of
_ Columbus.
:r iand
hot-water
heating
business
OFFICERS.— Pres., Robert E. Sheldon; 1st V .-P., Gen. Mgr. and Treas..
E. K. Stewart: 2d V.-P., C. M. Clark; Sec. and Auditor, P. V. Burlngton,
Asst. Sec. and Asst. Aud., H. M. Burlngton.— V. 8 7 , p. 740 1478- V 88
!t6054317616®'V .'» 2 ? p .P260?fl: V ' 9° ’ P' 3° 3' 5° 2’ 55° ' 1238 : V ’ 91-’ p - 879‘
COLUMBUS RAILW AY GO.
par.tOCVh<9 o ep3 5 02 F?5 5 9 1910 WerC ofrered r e m a in i n g $500,000 common at
STOCK AND BONDS—
Date.
In terest.
O u ts ta n d in g . I ^ a s t d l v ..A c .
Stock, common, $3,500,0001
( Mch l in n
($100)
/
5 Q-M
$3,500,0001
1k %1
Stock, preferred $3,500,000\
(Feb l in n
($100), 5% cum guar........./ -----5 Q-F
3,500,000|
1X %
Col St Ry 1st, $3,000,000,] 1892
5 g J-J
3,000.000 July 1 1932
Sold .................................c* ] Interest at E. W. Clark & Co., Philadelphia,
n
4
.
J Knickerbocker Trust Co.. N. Y ., Trustee.
Crosstown 1st mtge, gold. gu,l 1893
5 g J-D
572.000 June 1 1 9 3 3
prln & Int----- -------------- c*/Knickerbocker Trust Co.. N. Y ., Trustee.
Col Ry 1st consol mtge, $7.-1 1899
4 Q-J
3.428 000 Oct 1 1939
000.000 ($1,000). gold, c* interest at Union Savings Bank & Trust Co
Bonds are redeemable afterl of Cincinnati. Trustee, at E. W . Clark &
Oct 1 1914 at 105 and Int.J Co., Philadelphia, or at company’s office.
.
Cr o s s t o wn S treet R y . 1st mtge. Is for $2,000,000, of which
$572,000 are outstanding; the rest have been canceled. Principal and
Interest of the Crosstown bonds were guaranteed by the old Columbus
otrcct rty. oo.
Of the 57,000.000 ratffe. of 1899 of the Columbus R y., 51,500,000 were
Issued In payment for the Columbus Cent. Rv\ property: 53,000 000 will
be held In trust to retire the Columbus St. Ry. bonds, 5572.000 to retire the
Crosstown mtge. bonds and 5300,000 to take up unsecured 4% notes of the
Columbus St. Ry.; 51.628,000 was reserved to be used hereafter from time
totlm e In making extensions. Improvements and additions—5628,000 upon
a 2-3 vote of directors, the other 51.000,000 only on a vote of stockholders.
This covers the whole 57,000,000. In the table above we report as outstandvJJL^*428,000. This Includes 51.500.000 Issued In payment for the ColumRy** 5300,000 Issued under the clause providing for the retire
ment of 4 % notes and 51,628,000 under the clauses concerning Improvem’ ts.
« Columbus, O.. on June 25 1903 handed
(wfnhi^odw^.hl0n sustaln,n? the claim of the Columbus Ry. to perpetual
franchise rights on certain streets
V. 77, p. 3 5 .
y
COLUMBUS EDISON CO.
r
>
D
neS—
D a te '
O u ts ta n d in g .
M a t u r it y
Common ($100) $750,000 ...............
5 Q-M
$685,800 Mar.’ l l 1 y. %
Pref 6% cum ($100) $750,000..........
6 Q-J
750 000 la ’l l ’
C°j L leclst mtge, gold, guar..........
6 g M-N
4501000 Nov 1 io22 %
Col Ed El 1st mtge. gold, guar..........
5 g A-O
300,000 April 1 1929
B o n d s . — Both underlying liens are guaranteed by Columbus Edison Co.
(1) Columbus Traction Co.—A trolley road.
^ OR(i A^ JZ'^TIP r^ — Incorporated In Ohio on Dec. 26 1906 and Is suc
cessor to the Central Market Street Ry., sold under creditor’s bill la Feb,
ruary 1906, subject to the $500,000 bonds. New company is leased to the
Columbus Ry. & Lt. Co. for 50 years until 1957, rental being 5 % on pref.
itock; com. stock receives 1 % on Jan. 1 and July 1 1908 and Jan. 1 190 9;
l ^ % o n July 1 1909 and Jan. 1 1910:2% July 1 1910 and Jan. 1 1911 and
% quarterly thereafter.
The Col. R y .‘ & Light Co. owns $250,000 of
the pref. stock, leaving $250,000 In the treasury of Traction Co. for better
ments and Improvements, and owns all of the common of this company
F r a n c h is e provides that tickets shall be sold 8 for 25 cents and that a 5-cent
or “ 'u ! " »
° “M o 8
See te x l‘
Preferred, $500,000 .................................... 3 0 3 4 0 0
5 g J-J
500,000 Jan 1 1 9 2 2
Cent Mar 1st mtge. $5O°’OOO l l 0O2
old ($1,000)...................c*j Interest at N. Y. Trust Co.. N Y ., Trustee.
B on d s.
A s in k in g f u n d of 5 % of gross receipts commences after 5 years.
Entire Issue Is subject to call after 5 years at n o and Interest.
‘
?
,°
^
?
<
:~
city or coiumbus.— v . 84.
P* u l , UUOi Conslsts of 16 m,lcs 07 track- aU
(2) Columbus Light, Heat & Power Co.
[cased to Columbus Railway & Light Co. for 50 years
Ppm 1908, with renewal privileges. Lease provides for 6 % on outstanding
and
s; " ck,°nf1c,omPany •and dividends on common beginning
In 1909 at 3 %, 1910 4 %, 1911 and thereafter 5 % quarterly. V 87, p. 547.
ORGANIZATION.— Incorporated Aug. 1 1908 In Ohio and aenulred
the property of Columbus Public Service Co. per plan In V. 87, p. 346, 647.
STOCK AND BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Common, *5,750.000 ( $ 1 0 0 ) ..____
_______
*5,750,000 ...................
Pf, 6% cum, *500.000 ($ 1 0 0 ).___
6 Q-J
500,000 Jan’ l1,1 M %
1st mtge, *2,000,000, goldl 1004 5 g M-S
1,250,000 Mch 1 1924
($1,000)_______________c*JInt. at Knickerbocker Tr. Co., N. Y ., Trus.
Gen & ref mtge, gold, *6,-1 1906 5 g M-N
05),000 May 1 1926
250,000 ($1,000).......... c*)ln t. at Girard Trust Co., Phlla., Trustee
0 B L & N 1st mtge. *1,500,-1 1901 5 g M-N
1 ,2 4 3 . 0 0 0 Nov 1 1921
000. gold (S i,000)______c*/Int. at Knickerbocker Tr. Co., N. Y .. Trus.
Zanesville Ry, Lt & Pow 1st) 1902
5 g A-O 15
750,000 Oct 15 1912
cons mortgage, *1,000,000(-lnt. at Cent. Tr. * S. D. Co.. Cine., Trustee.
($500, *1,000), gold___ c*J or Trust Co. of America, New York.
Registrar, Guardian Trust & Safe Deposit Co., Zanesville, Ohio.
O H IO E L E C T R I C R A I L W A Y CO .
4 g F-A
250,000 Jan 1 1919
Incorporated May 1007 In Ohio. On Aug. 31 1007 purchased the Lima Zanesv Elec 1st mtge, *250,-1 1899
000, gold, subject to callilnterest at International Trust Co., Boston,
& Toledo Trac Co., which owned the line from Lima to Toledo, and
after 1003. *1,000 each-.cj Trustee.
,
leased the Lima Elec. Ry. & Lt. Co., which operates In the city of Lima,
5%
10,500 See text
and the Ft. Wayne Van Wert & Lima Trac., with a line from Lima, Zanesville Elec Lt Co coupon/ 1901
notes ___________________ t International Trust Co.. Boston, trustee.
Ohio to Ft. Wayne, Ind. Also acquired by lease the Indiana Col. &
East’ Trac., which company assigned to lt the leases of Col. Newark &
B o n d s . — Of the *6,250,000 new bonds. *3,504,000 are reserved to retire
Zanesville Elec. Ry. and Dayton & Western Trac. On Feb. 1 1008 pur >rlor liens and $1,706,000 for betterments and extensions. They are sub
chased the Cine. Northern Trac. and acquired from that company Its lease . ect to call after 5 years at 105 and Interest. Under terms of this mtge.,
of Cine. Day. & Toledo Traction. On Dec. 31 1900 acquired by purchase none of the *750.000 1st mtge. bonds unissued can now be Issued. The
entire Issue of Col. New. & Zanesv. 1st 5s can be called at 110 and lnt. on
In 1910 created a 1st & ref. mtge. (see below), *3,657,000, of which was any lnt. date. V. 80, p. 1234. The Col. Buck. L. & New. bonds are subused to retire *2,250,000 1st mtge. bonds of Lima & Toledo Trac. and to
ect to call on any int. date at 110 and lnt. on 3 months’ notice. Zanesville
purchasethe Lima Elec. R y. & Lt. Co. subject to Its *1,250,000 out 21. Lt. con. notes mature *3,500 annually on Nov. 1.
ROAD.— Operates about 04 miles of track from Columbus to Zanesville,
standing ^Jmtnred financing of company by a leading banking house In Including
the city lines In Zanesville, Newark and Granville, and a branch
to Buckeye Lake. Standard gauge; 60 and 70-lb. T rail and 00-lb. girder.
P^1}fclu(fln1
g city fines2in’ Zanesville, Newark, Lima, Hamilton and other Also owns amusement park on Buckeye Lake. Owns and operates Its
DOlnts operating mileage Is 617.42 miles, extending from Zanesville on Hebron power plant with Its own natural gas.
the east via Newark to Columbus (Including fine from Columbus to Orient
OFFICERS.— Pres., Dana Stevens; V.-P., J. B. Foraker Jr.: Secretary
and Buckeye Lake and Newark to Granville branches), thence through
Sprngfield to Dayton, and from Dayton to Union City, where connection Is and Treas., F. A. Healy.— V. 83, p. 36, 213, 625, V. 86, p. 1580; V. 87, p 37.
made with Indiana Union Trac. for Muncle, Anderson and Indianapolis.
(2) Lima Electric Railway & Light.— A trolley road
Ind and from Dayton to Richmond, Ind., where connection Is made with
Acquired by purchase by Ohio Elec. Ry. Dec. 31 1909.
T il I & E. Trac. to Indianapolis. Extending north from Springfield
ORGANIZATION.—The company Is a consolidation completed Aug. 1
through Urbana and Bellefontalne to Lima, and from Lima to Defiance; to
Toledo O and Ft. Wayne, Ind.; also from Dayton to Cincinnati. Including 1900 of the Lima Ry. (Incorporated Nov. 5 1896) and the Lima Electric
Germantown, Mt. Healthy and College Hill branches. Electric fight and Light & Power Co. Capital stock was Increased In Sept. 1905 from *850,power business Is conducted In cities of Zanesville and Lima, and steam 000 to *1,250,000. V. 81, p. 1100. Was leased July 1 1905 to the Lima 6»
Toledo Traction, which lease was assigned to Ohio Elec. Ry. Aug. 31 1907.
heating plant In Lima.
STOCK AND BONDS.—
D a te .
I n te re s t.
O u ts ta n d in g .
M a t u r it y .
O u ts ta n d in g . D iv i d e n d .
STOCK AND BONDS—
D a te .
R a te %
Stock. *1,250,000 ($100).......................................... *1,250,000
.................
*8,000,000 .................
Common, $12,500,000---------------------------Lima Ry 1st mtge *200,0001 1896
5 g J-D
135,000 Dec 1 1916
8,000,000 .................
Preferred ,*12,500,000.....................-----
gold ($500)...................... c*fln t. at Citizens’ Sav. & Tr. Co.. Cleveland,
3,657,000
Jan
1st & r e t . mtge. $15,000,0001 1910
5 g J-J
.
.
J Trustee; also at Fourth Nat. Blc.. N. Y.
gold ($1,000)__________ c Jlnt. at Fidelity Trust Co., Phlla., Trustee
Lima Elec Lt
& Power gold!1900
5 gJ-D 35,000 June 1 1017
S t o c k . — Preferred Is entitled to dividends of 2 % In 1008, 3 % In 1000, 4 %
1st M *85,000 (* l,0 0 0 )..c » /ln t. at Cleve. Trust Co., Cleve., Trustee.
In 1010 and 5% thereafter.
Lima Elec Ry & Lt gold lstf 1900
5 g J-J
260.000 July 1 1016
con mtge *500,000 ($500)cM Int. at Cleve. Tr. Co., Cleve., Trustee, or
B o n d s . — *3,250,000 1st & ref. bonds are reserved to retire prior liens
l Standard Trust Co., New York.
($1,250,000 bonds of Lima El. Ry. & Lt. Co. and *2,000.000 bonds of
5 g A-O
350,000 April 1 1925
Ft. Wayne Van Wert & Lima Trac. Co.), and $7,550,000 for additions, 2d Consol mtge, *850,0001 1902
c*jIn t. at Fidelity Tr. Co., Buffalo, Trustee.
betterments, &c ; *543,000 are In treasury. Entire Issue Is subject to
gold ($1,000)
& Lt Refund’gl1905
5 gM-S 470.000 Sept 1 1925
call on or after Jan. 1 1915 on any lnt. day at 105 and lnt. on 60 days’ no Lima Elec Ry
mtge *1,250 000 gold.........Jlnt. at Girard Trust Co.. Phlla., Pa
tice. No sinking fund
B o n d s . — Of the first con. mtge. gold 5s, *200,000 are reserved to retire
EARNINGS.— For cal. year 1910 gross from railway, $3,055,742; light
above two prior liens. The Lima Ry. bonds may be called at par
and power, $229,815; mlsc., $21,578; total gross, $3,307,135. In 1900, the
on 4 weeks’ notice and the Lima Elec. Light ft Power bonds may be
gross from railway, *2,737,876; light and power, *203,127; mlsc., $22,243' called
on any Interest day on 30 days' notice. Of the *850,000 2d consols,
total gross, *2,063,246.
*500,000 are reserved to retire a like amount of first consols These bonds
OFFICERS.— Pres., W . Kesley Schoepf; V .-P ., Dana Stevens; V .-P ., are a lien on the electric fight and heating plant, as well as on the railway.
J. B. Foraker Jr.; Sec. and Treas., F. A. Healy; Asst. Sec. and Treas., Denis Cannot b>* called before maturity. Sec V. 75, p. 70.
J. Downing; Gen. Mgr.. B. J. Jones.— V. 84. p. 1248; V. 8o, p. 531, 601,
ROAD.— Owns 12 miles of track, also a steam-heating plant (franchise
1144; V . 86, p. 338; V . 8 7 , p. 38; V . 9 0 , p. 698, 850; V . 0 2 , p. 323.
•
perpetual, operated In connection with the electric-lighting plant). Con
(1) The Indiana Columbus & Eastern Traction Co.— A trolley road.
tract ordinance for city lighting expires April 1919.
Leased to the Ohio Electric Ry. Aug. 31 1907. Latter company guaran
OFFICERS.— Pres., Dana Stevens; V .-P ., J. B. Foraker Jr., Cincinnati
tees Interest on bonds and 5% dlvs. on pref. stock, and owns entire com. stk. Sec. and Treas., F. A. Healy, Cincinnati.— V. 81, p. 155, 1100.
ORGANIZATION.— Incorporated In Ohio on April 14 1006 and has ac
(3)
Fort Wayne Van Wert & Lima Traction Co.— A trolley road.
quired the Dayton Springfield & Urbana Elec. Ry., the Columbus London
ORGANIZATION.— On Mch. 1 1906 was leased, until expiration of fran
& Springfield Ry., the Columbus Grove City & S o u t h w ^ f ^ r n R y . . the chises and renewals thereof, to Lima & Toledo Traction Co., which guaran
Urbana Bellefontalne & Northern R y.. the Springfield & Western Ry . the teed the bonds, p. & 1. V. 82, p. 691. Lease was assigned to Ohio Elec. Ry.
Dayton & Northern Traction Co., and about 12 miles of the Dayton & Aug. 31 1907. The latter company owns all the com. stock. Incorporated
Munelfi Traction Co extending from Greenville to Union City, on the In Indiana and Ohio. Road Is entirely on private right of way, except in
InX na-O hlo State fin e ? H a s also acquired the Columbus & Lake Michigan towns, where lt has 25 or 50-year franchises.
R R .? operating between Lima and Defiance; electricity for passenger, steam
STOCK AND BONDS.—
D a te .
I n te r e s t
O u ts ta n d in g .
M a t u r it y
^ L eases’the*Dayton & Western Traction Co. and the Columbus Newark & Common *1.000 000 ($100)...................................... *1,000,000 ...................
l.ooo.ooo - - - - - - - - -
Zanesville Elec. Ry.. which latter company had previously absorbed the Pref *1.000,000 5 % n c ($100)
5 g J-J
1,400,000 July 11930
Columbus Buckeye Lake & Newark Traction Co. and the Zanesville R y . Light 1st mortgage *2,000,000 goldl 1905
guaranteed ($1,000)___ c*/In t. at Fidelity Tr. Co. Pldla., Trustee.
& Power Co. These leases were assigned to the Ohio Elec. Ry. Aug. 31 1907.
B o n d s . — Of the *2,000.000 bonds. *600,000 are reserved for extensions
The new general and refunding mortgage bonds were listed on the Phila
delphia Stock Exchange In February 1907. V. 84. p. 330. See description and Improvements. V .8 2 ,p .6 9 1 . Are not subject to call.
of bonds, property. &c., In V. 83, p. 37.
ROAD.— 64 miles of track from Ft. Wayne via New Haven, Monroeville.
Convoy, Van Wert. Mlddlepolnt, Delphos and Ellda to Lima. Commenced
M a t u r it y
O u ts ta n d in g .
STOCK AND BONDS—
D a te .
In te r e s t.
complete
operation Nov. 15 1905. Connects at Ft. Wayne with the Ft.
*11,000,000
Common. *11,000,000 ($100)...............................
1,000,000
See text. Wayne & Wab. Val. Trac. and at Lima with the Ohio Elec. Ry., and forms
Preferred, 51,000,000 ($100)...........
5%
5,360.000 May 1 1926 part of through fine from Ft. Wayne to Toledo and to Springfield, Dayton
Gen and ref mtge, $12,000,-1 1906
5 g M-N
and Columbus. Standard gauge, 70-lb. T rail.
000, gold ($1,000).......... c* j lnt.at Pa.Co.for Ins.on L. &G. A ., Phlla.,Trus.
OFFICERS.— Pres., Dana Stevens; V .-P., J. B. Foraker Jr.; Sec. and
Col Lon & Spg 1st mtge, *1,-1 1900
5 g A-O
52r,,0° v °iCt
500,000, gold (* l,0 0 0 )--c* iln t. at N. * . Trust Co.. New York, Trustee. Treas.. F. A. Healy.— V. 82, p. 691, 804; V. 83. p. 37.
Day Spg & Urb 1st mtge.l 1808
5 g M-N
Nov 1 1928
(4) Cincinnati Dayton & Toledo Traction Co.— Trolley.
*750,000, gold ($1,000)__ ) Interest at N. Y. Trust Co., N Y ., Trustee.
Leased to the Ohio Electric Ry. Co.; see terms below.
B o n d s . — Of the *12.000.000 gen. and ref. mtge. bonds, *5,360,000 have
ORGANIZATION.— Incorporated in Ohio on May 19 1902, and Is a con
been Issued for purchase of present properties and Improvements and ror solidation of the Southern Ohio Traction Co., the Cincinnati <& North
retirement of underlying bonus; *1,250,000 are held to retire the underlying western R y., the Mlamlsburg & Germantown Traction Co. and the Hamil
liens given In table above. The remaining *5,390,000 arc reserved for future ton & Llndenwald Elec. Trans. Co. V. 74, p. 884, 1037. !■ranehlses are
betterments, Improvements and extensions, and can only be Issued as fol for 25 and 50 years. An Issue of *250,000 preferred stock was made In
lows: *500,000 when net Income Is equal to 1 1-10 times lnt. charges on all April 1005 to take up floating debt. V. 80. p. 1362, 1478. I?28bonds. Including those to be Issued, and *4,890,000 when net Is equal to 1 H
L e a s e . — Was leased to the Cincinnati Northern 'lractlon Co. May 1 1905
times lnt. charges. Including lnt. on bonds to be Issued These bonds are sub for length of franchise and renewals thereof. Lease transferred to Ohio
ject to call In whole, but not In part, after May 1 1911 at 105 and lnt. *4,
Elec. Ry. Co. Feb. 1 1908. The lessee Is to pay all fixed charges, In
900,000 of these new bonds were sold to a syndicate headed by Droxel & Co cluding Interest on the $1,500,000 bonds, and In addition It agrees to
of Phlla. The Columbus London & Springfield bonds may be called after pay *25,000 the first year, *37,500 the second year, *50,000 the third
1906 at 110 and lnt. A s in k in g f u n d on those bonds of 5% of gross earn ngs year, *50,000 the fourth year, *62,500 the fifth year. *75,000 the sixth year,
began with year ending Sept. 30 1906. See V. 71, p. 963. The Day. Spring- *87,500 the seventh year, *100.000 the eighth year, and an additional
eld & Urbana bonds are subject to call at 110 and lnt. A s in k in g f u n d of $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 *12,500 per year
% of gross earnings began In 1903.
ROAD.— Columbus to Orient, Columbus through Springfield to_Day- with each *100,000 of Increase In gross earnings, until the amount to be paid
ton, Dayton to Union City; Springfield to Lima, through Lima to Denance, Is *200,000; also *2,000 per annum for organization and office expenses.
STOCK AND BONDS— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Ohio, a total of 259.28 miles.
J-J
$5,000,000
See text.
OFFICERS.— Pres., Dana Stevens; V.-Ps., D. G. Edwards and J. B. Common, *5,000.000 ($ 1 0 0 )...........
J-J
250,000 See text
Foraker Jr.; Sec., Walter A. Draper; Treas., F. A. Healy.— V. 83, p. 37. Pref., *250.000, 5% cum.................
5 g J-J
2,700,000 July 1 1022
155, 380, 626, 1008; V. 84, p. 339; V. 85, p. 600: V. 86. p. 721: V. 87, p. 37. Cln. Day. & Tol. 1st cons.1 1902
M.,*5,000,000,g.(*1.000)c*/lnt. at Cleveland Trust Co., Trustee.
(a) Dayton & Western Traction.— Trolley road.
Southern Ohio Trac. 1st cons.
ORGANIZATION.— Incorporated on June 26 1898. Was leased on June
* 2 .0 0 0 , 0 0 0 (SI ,000)gold, c* 1900
5 g M-N
1,350,000 May 1 20
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
15 1906 to Ind. Colum. & East. (V. 82, p. 1437). For terms, see below.
L a s t D lv
Cln.& Ham.Elec.1st g .($500)1 1898
6 gJ&J
400,000 July 11018
O u ts ta n d in g .
STOCK AND BONDS— D a te
I n te r e s t.
See text
*500,000, not sub. to call. (Int. at Clt.Sav.&Tr. Co., Cleve., Trustee.
*747,500
Stock, *900,000 ($100)...........Q-J
Dayton Traction 1st M.,1 1896
5 g J-J
250,000 July 1 1916
Do
pref, *850,000, 5%,1
g. ($1,000), lnt. guar._c*Jlnt. at Finance Co. of Penn., Phlla., Trustee.
850,000
cum ($100).......................... J ____
Q-J
.
„
Hamilton
&
Llndenwald)
D iv id e n d s . — Lease taking effect June 15 1906 provides for o% per annum
Elec. Transit 1st M. 8. f.) 1901
5 gJ-D
250,000 Dec. 1 1911
on pref. stock and 5% on com. stock In 1906 and 1907, 5 H % in 1908 and
*250.000 g. ($1,000), c*j Interest at Cleveland Trust Co., Trustee.
6% thereafter.
Mlam.
&
Germ.
1st,
guar.,1
1901
5
g
J-D
50,000 Dec. 1 1911
ROAD.— Dayton, Ohio, to Richmond, Ind., 40 miles, with branch from
($50,000) g. ($1,000).c*jInterest at Cincinnati Trust Co.. Trustee.
New Westvlllc to New Paris, 2 miles' total. 42 H miles. At Richmond
B o n d s . — None of the Issues are subject to call.
Of
the
$5,000,000 Cln.
connection Is made with Terre Haute Ind. & East. Trac., thus making Day. & Tol. Trac. Issue, *2,300,000 Is reserved to retire prior
liens. See
a through line from Indianapolis, via Dayton, to Columbus, a distance of
V. 81, p. 154.
J 4
184 miles. V. 82, p 1437; V. 83, p. 36, 94. 379.
Of the *2,000,000 So. Ohio Traction bonds, *650,000 are reserved to
OFFICERS.— Pres, and Treas., Valentine Winters: V .-P ., J. H. Winters retire Cln. & Ham. Electric bonds and Dayton Traction bonds. Issue
Sec.. R. R. Dlcke: Asst. Sec. and Treas.. F. A. Funkhouser. all of Dayton. listed on Philadelphia Stock Exchange.
The Ham. & Lind. Elec. Tran, bonds cannot be called before maturity;
(b) Columbus Newark & Zanesville Electric Ry. Co — A trolley road.
fund, however, Is provided, beginning with Dec. 1 1906, of 5 /«,
ORGANIZATION.— Incorporated In Ohio on July 2 1902, and In May a sinking
Increasing by 1 % additional each year until 1911.
1004 absorbed the Newark & Granville Street Ry. In May 1006 acquired and
D i v i d e n d s . — 5 % per annum Is paid on the pref. stock.
On common divi
the Columbus Buckeye Lake & Newark Traction Co., the preferred share
holders being given *500,000 In pref. stock for their holdings. Also took dends are being paid In accordance with terms of lease.
ROAD.—
Owns
83.03
miles
of
track
(Including
second
track
and sidings),
over the Zancsv Ry. Light & Power Co. and was then leased on June 23
1006 to the Indiana Colum. & East. Trac. Co. for length of fr a n c h is e and connecting Cincinnati with Dayton, Including the Germantown, Mt. Healthy
renewals thereof
Rental la Interest on bonds, an amount equal to 6% on and College Hill branches; also Including the Hamilton City fines. Roan
the preferred stock and *500 for organization expenses. V. 83, p. 625. between Hamilton and Dayton Is being reconstructed on private right of way
— V. 81. p. 154.
Entire common stock Is owned by Ohio Electric Ry. Co.
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
STOCK AND BONDS—
...........
*210,500
See text
Common, *750,000 (*100).................
_____
516,300
See text
Pref 6% , *1,250,000 (*100)------- -
________
___6 F-A ($5001 685,600
Gen
mtge, 51,000,000
1008 Feb 11924
'andT$lT600) goitir__ I - ___ jCaplto Trust Co., Columbus, trustee.
S to c k a n d B o n d s . — The preferred stock Is redeemable after Jan. 1 1012.
Interest on gen. mtge. bonds Is guar, by the Columbus Ry. & Lt. Co.;
*750 000 bonds are to bo used to take up like amount of Col. Public Service
Co. bonds, the greater part navlng already been exchanged. *250.000 are
reserved for improvements and extensions.— V. 87, p. 346, 547, 1481.
i
COLUMBUS DELAWARE & MARION R Y . — A h o l d i n g c o m p a n y *
R e c e iv e r s h ip .— O n S e p t. 2 7 19 09 G e n . M g r. G e o . W h v s a ll w a s r e m o v e d
a s c o - r e c e iv e r a n d E ll W e s t w a s g iv e n e n t ir e c h a rg e .
V 89 o 3 4 8 ° 8 47
A c r e d i t o r s ’ c o m m it t e e h a s b e e n f o r m e d a n d P r e s i d e n t W e b b h a s a g r e e d
t o a s s ig n a l l h is p r o p e r t y to t h e c o m m it t e e a s t r u s t e e s
S e e V 89 0 ^ 5 2 8
592, 1541.
I n t . o n 1 s t r e f . b o n d s d u e F e b . 1 9 1 1 la i n d e f a u lt b u t w i l l b e
P fW pb y A u g . 1 19 11.
In t . d u o A u g . 1 1 9 1 0 w i s p a ld F e b
1 iV u , V
I n N o v . 1 9 0 9 b o n d h o ld e r s ’ c o m m it t e e , w i t h S t a t e S a v . B a n k & T r
S K rb?.K S-,„1l,.S S ;,S id s r
s
s
. ?
ya
^
h t
Co
W
A
S
S
T
* '* « «
#
C o m ™ * S 2 A 0 0 .O M U l 0 « . .
?_“ ! ! '
In ter es t0SU2^
»
M a tu rit“ '
P r e f . " A ” 0 % c u m . $ 5 0 0 , 0 0 0 ...............
................... * , i u u , u u u
...........................
P r e f . “ B ” 1 - 6 % c u m $ 1 0 0 , 0 0 0 . ........
........................... ......... ...............................
1st re f m tg e .
$ 2 ,5 0 0 ,0 0 0 ,1 1 9 0 4
5 g F -A "
" n b o 'n f m A ' 5 y ' V i 9 4 4
g o ld ( $ 5 0 0 & $ 1 , 0 0 0 ) _ - c * j I n t . a t M e r c a n t i l e T r . C o . * N . Y
T ru s te e .
S to ck .
I lie p r e f . “ A ” a n d p r e f . " B M s h a r e s w e r e c r e a t e d In 1 0 0 8 ( V 8 0
p 1 2 8 4 ), a n d d iv id e n d s o n b o th a r e c u m u la t iv e , b u t th o s e o n th e ‘ ‘ B*;
s h a r e s a r e e n t it le d to o n ly 1 % t h e f ir s t y e a r , w it h a n a d d i t i o n a l
fo r each
y e a r t h e r e a f t e r u n t i l 6 % Is r e a c h e d .
a d d i t i o n a l l ,o r o r e a c h
o f the* C o I N o ‘ r ? ? ' 7 a p
’S ? 0 ’,0 0 0 ® r e r e s e r v e d t o r e t i r e t h e b o n d s
& M . E le c . R R . R y ’ 1 ’ & B ’ C o - - t h e M a r lo n R y . . L t . & P . C o . a n d th e C . D .
B
T re a s
’ C a t rn w * * p ^ e b
V ’*P ’ * ° * M * G o t s c h a l l; S e e ., H e n r y
5 2 8 5 9 2 ’ 8 4 7 1 3 4 7 W l V n ? 11, M g r . , J . R . H a r r l g a n . — V . 8 9 , p . 3 4 8 ,
52 8 , 09 2. 847, 134 7, 1541; V . 90, p . 37 2 ; V . 91, p . 336 ; V . 92, p . 3 2 2 .
(1) Columbus Delaware & Marion Electric RR.
*1 n n n n n n
,
H a te.
I n ter es t.
O u tsta n d in g .
M a tu rity .
( s i n n m " $ 1 *0 0 0*9 9 0 , g o l d f 1 9 0 1
5 g M -N
$ 1 ,0 0 0 ,0 0 0 M a y 1 1921
l * 1 ’o u u '
...............................c * i I n t .
at
C le v e la n d
T r.
C o .,
C le v e la n d ,
75.
7 6 . l T r u s t e e ’ o r N a t - D a n k o t C o m - ln N . Y .
p.
C o f n r n h f i i a n e le .c t r I c r a i l w a y o v e r p r i v a t e r i g h t o f w a y f r o m
counH es
ARn^i
i P ^ l sln J?, t h r o U K h F r a n k l i n , D e la w a r e a n d M a r lo n
c o u n t ie s . A ls o 4 m ile s In t h e C i t y o f D e la w a r e , a t o t a l o f 5 7 m ile s .
H c n n T i F ^ i n ^ ’n ^ '^ r .'r ? '' TJ n ° o ^rVr \ ? £ b b ’ V . - P , O . M . G o t t s c h a l l; T r e a s . ,
100 W
c iv
% ? ,;• J « . S . W e b b ; G e n . M g r . , J . R . H a r r l g a n .
O f f ic e ,
9 1 , p 9 4 5 y S t - ’ C o Iu m b u s * O .— V . 7 7 , p . 1 5 3 3 , 2 2 8 1 ; V . 8 0, p . 1 1 7 ; V .
(2 ) Columbus Northern Ry. Power & Equipment Co.
— I n c o r p o r a t e d In O h io o n O c t . 2 4 1 9 0 4 t o e r e c t a
a m Y Ch p i lt)USen at; P e l a w a r e a n d s u b - s t a t io n s t o s u p p l y e l e c t r i c i t y f o r p o w e r
an d h e a t.
R e c e i v e r o f C o l. D e l. & M a r lo n R y . w a s a u t h o r i z e d to b o r r o w
th c n Ch a s°b e e n p T
‘^
S C I , t ’ 11 0 0 9 '
V 89’ p ’ " 2
in t e r e s t X c ^
BONDS—
D a te .
In ter es t.
O u tsta n d in g
M a tu rity
1 s ? 1 nruvia K e ' t 3 0 0 ’0 0 0 s o l d i 1 0 0 4
5 g M -S
$ 2 7 0 ,0 0 0 S e p t. 1 1 0 3 4
r i p i 9 0 *?)
o ' — f . .............- - C J f n t . a t S t a n d a r d T r u s t C o . , N . Y . . T r u s t e e .
4 rC S ’ ’ 3 ° l n G ' W e b b ; S e c . , H e n r y B . H a n e ; T r e a s . , J a m e s
S W e b tF ^ ^ ^ "
O R G A N 1 Z A T I O N . - I n c o r p o r a t e d I n O h io o n J u n e 2 4 1 9 0 3 a n d Is a c o n
V 1 t h ? M a 1n ,n, 5?t r c e t R a i l w a y C o . a n d t h e M a r i o n E l e c t r i c L i g h t
« P ow ci Co.
J a n . 19 11 In t e re s t w a s p a id
.,
...
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
1 s t m o r t g . , g o ld
( $ l, 0 0 0 ) . c * f 19 04
5 g J-J
$ 3 0 0 ,0 0 0 J u ly 1 19 2 4
m
. . .
,
J
l i n t , a t S t a n d a rd T r u s t C o ., N . Y . , T ru s te e .
— N ° s , n k *n S f n n d a n d b o n d s c a n n o t b e c a lle d ,
r a il
” n a lle s o f t r a c k In M a r lo n
S ta n d a rd g auge.
60 a n d 8 0 -lb .
W ebb
Sec , Geo
D a te .
$ 2 o‘o , 6 5 6 j
”
In terest.
”
O u tsta n d in g .
M a tu rity
$ 3 5 4 ,0 0 0
2 0 0 ,0 0 0
” I" Z !
l3 t ($ 5 0 0 t8:ea 6 d * S l° r iS S ?
r 1? 05
4 4 0 .0 0 0 J a n . 1 1 9 2 5
($ o 0 0 a n d $ 1 , 0 0 0 ) .............( I n t . a t C o lu m b u s S a v . & T r u s t C o . . T r u s t e e ,
n p p n p T
"Priy A oi
A
a g e n c y In N e w Y o r k .
r e m a lP T c
; $ 1 7 ? 6r 8 3 f s J r? W
V
b Iso tT
* 3' $ 5 6 ,° 14:
n C t’ ?27>4 9 ° :
taXCS>
S C IO T O V A L L E Y T R A C T I O N C O .— T h ir d r a il.
1904R G B ‘u 7 l f o n n H v a t 7 Ir ? ^ h t P<Vra t e d ’ “ C h l o . w i t h a p e r p e t u a l c h a r t e r , In
o f ° ls t m tg e h n n d s
in in n s
f r a n c h i s e s e x te n d b e y o n d m a t u r it y
n e w m t n t o ^ M o o o o o o 8 w h ? c h ' ^ i 0 ^ , 2 ’ 0 0 0 *®0 0 m t ^ e - o f 1 9 0 3 a n d ® a d a
1M 8
* 5 n n ° n n n ^ ™ h sS« e b e > o w .
S t o c k h o ld e r s v o t e d S e p t 2 2
a h e a d ^ f ° o ° d ^ p r e f e r r e d 's t o c k * O f . 8 ^ , j J ’ f . f M
c „ smT O $c iK 8^oN oDooB( ^ o ? ) s P r e F re t$ l $ 2 0 0 ' 0 0 0 ’ 5 ^ °
(S lO O )'
0 '000
5
.
)
8 t0C k '
" h ,ch
.
c u m ' T -------c u m ’ | -------
ra n k S
Ma t u r U v -
3 0 0 ,0 0 0
1 .2 0 0 ,0 0 0
Q -J
J a 'n 'f f . 'f k ’
J a n 'll. lM
m tg
$4,0'0‘ 0 '.0 0 b , ” g " o id l 1 9 0 8
5 M -S
1 .6 0 0 .0 0 0 S e n t 1 1 9 2 3
( $ 1 , 0 0 0 ) ---------------------- c * / I n t . a t H a r r i s T r . & S a v . B k
C h ic * T r u s t e e
, B o n d ;’!.— T h e r e m a i n i n g $ 2 , 4 0 0 , 0 0 0 o f 1 s t m t g e . b o n d s c a n o n l y b e Is s u e d
f o r 7 ,>% o f c a s h e x p e n d i t u r e s , a n d f o r p e r m a n e n t e x t e n s i o n s a n d a d d i t i o n s
to p r o p e r t y , a n d o n l y w h e n n e t e a r n i n g s a r e t w i c e t h e I n t e r e s t c h a f y i n n
o u t s t a n d in g b o n d s a n d th o s e to b e Is s u e d .
B o n d s h a v e a sirlk in a fu n d o f
l / o p e r a n n u m o n b o n d s o u t 1 9 13 to 1 9 1 7 , th e re a ft e r 2 % n e r a n n u m
V he8 7 , a p . 6 ? 9 . S U b JeC t t 0 C a U -
S e e p a r t i c u la r s 1. t o n d i ? ' p r o 'p e f t y . “ c“ ? T n
o ld Is s u e o f p r e f. s t o c k w e re to a c c r u e fro m
^ s h a r e h o l d e r s a^ ,H U ? s t h Vv J f,n L ' V ? 0 6 a n d A p r1 1 1 1 9 0 6 w e r e r e li n q u i s h e d
i 9 0 r»n a r v a ? n t u n *
U
% ) w a s p a id J u l y 1 9 0 6 a n d 1 H % O c t.
Ja n
1
P " 1440‘
1 9 0 7 t o 1 9 1 0 * h c lu s lv e , 5 % p e r a n n u m .
In 1911,
n e t 3'* i 9 In I i « a Sr V F 2 r . 1 2 m ° R t h s e n d in g J u n e 3 0 1 9 1 0 , g r o s s . $ 4 2 2 , 9 1 4 ;
n e r j < 4 i r ? ,86« l n t*. & ta-^e s, $ 9 5 , 0 9 0 ; d l v s . , $ 7 5 , 0 0 0 ; s u r p lu s , $ 2 0 , 7 7 3 .
f t t m P c o h im h u s * t f f f^h11n e « t h i eS ¥ t r a c k f r ° m C o lu m b u s t o L a n c a s t e r a n d
r w l r e 7 ( U h T? i a i i C h w ^ th ^ V i f IS i ? p ?.rate.dJ , i r t h i r d - r a i l s y s t e m . S t a n d a r d
g u g e / 0 lb .
r a il.
\V l t h l n c i t y l i m i t s o f C o lu m b u s c o n i o a n v O D e ra t e s o v e r
tra U
O hF rF l ILChEi R
P re
”t P S
^ eyac S a n
e dn Tre»«?
t ? V er
K 1os .ra b P
r e,R
s , a ainnVdr i TMrg^r . , L T! ?r ha tn k A . uDn ad ve irs :o Vn .«- P
E d w i n R . S h a r p ; S u p t . , C . S k i n n e r . — V . 8 1 , p . 3 2 7 7 8 1 5 5 1 * lf i f i l * v 8 ?*
p . 1 0 1 , 1158, 1440; V . 8 7. p , 4 81, 6 15 , 679; V , 91, p . 8 7 i.
’
’
'
CONCORD, N. H.
C O N C O R D S T R E E T R A I L W A Y . — A t r o l le y r o a d e x t e n d i n g f r o m t h e
c e n t ra l w a rd s o f C o n c o r d to P e n a c o o k .
C o m p r i s e s 1 2 . 7 1 m ile s o f t r a c k
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_________ ___________________
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CUMBERLAND, MD.
• C U M B E R L A N D & W E S T E R N P O R T E L E C T R I C R Y . — A t r o lle y ro a d .
I n 1 9 0 9 c o n t r o l w a s p u rc h a s e d b y H . L . D o h e rt y & C o .o f N e w Y o r k .
V . 89, p. 1410.
„ .
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tw e e n C u m b e r la n d , M d . , a n d G a r r e t t , P a ., in c lu d in g th e C u m b e r la n d &
W e s t e r n p o r t E le c . R y . a n d th e P e n n s y lv a n ia & M a r y la n d S t . R y . , a n d c o n
n e c t i n g t h e s e t w o lin e s .
V . 92, p. 190.
O R G A N I Z A T I O N . — O r g a n iz e d In M a r y l a n d o n A p r i l 11 1 9 0 2 , b y s p c c l f d
A c t o f t h e L e g i s la t u r e , a s s u c c e s s o r t o t h e F r o s t b u r g E c k h a r t & C u m b e r la n d
Ry.
H a s a b s o r b e d t h e L o n a c o n ln g M id l a n d & F r o s t b u r g R y . a n d t h e
W e s t e r n p o r t & L o n a c o n ln g .
.,
„
•STO CK A N D BO N D S—
D a te .
In ter es t.
O u tsta n d ln o .
M a tu rity .
S t o c k $ 6 7 5 , 0 0 0 ( $ 5 0 ) ..............................
....................
W e s t e rn p o rt & L o n a c o n ln g
1903
J - J 15
2 2 5 ,0 0 0 J a , . l o 19 28
F r o s t E c k & C u m b f ir s t m t g e / 1 9 0 1
5 g J - D 15
2 3 0 ,0 0 0
J u n e l o 26
$ 2 5 0 ,0 0 0 g ( $ 5 0 0 & $ l , 0 0 0 )c * l I n t . a t R e a l E s t a t e T r u s t C o . P h lla . T r u s t .
L o n a c M id & F r o s t f i r s t m t g e j 1 9 0 1
5 g J - D 15
2P ^ ,0 0 0 t, I } J.n e r i 3 2 tb
$ 2 0 0 , 0 0 0 g o ld ( $ l , 0 0 0 ) - - c * ( l n t . a t R e a l E s t a t e T r u s t
P h lla .. T r u s t
M o r r is o n L a n d C o ls t M $ 1 2 , 0 0 0 g 1 9 0 3
I - A 15
8 ,0 0 0 A u g 1 5 1 9 1 3
C e r t a i n o f t h e a b o v e i s s u e s c a n b e c a lle d a t 1 0 5 .
, _ . .
.
R O A D . — O p e r a t e s 2 5 m ile s o f t r a c k b e t w e e n C u m b e r la n d , E c k h a r t ,
F r o s t b u r g , L o n a c o n l n g a n d W e s t e r n p o r t ; 6 0 , 7 5 a n d 9 2 - lb
I a n d g ir d e r
f a O F F Y I( J E V is !— P r e s ., F e r d i n a n d W i l l i a m s ; V . - P . , J . S . B r o p h y ; S e c . a n d
T r e a s . , D . P . H a r t z e l l . — V . 8 9 , p . 1 4 1 0 ._________
DALLAS, TEXAS.
D A L L A S E L E C T R I C C O R P O R A T I O N — T r o lle y ,
O R G A N I Z A T I O N . — I n c o r p o r a t e d In N e w J e r s e y In 1 9 0 2 .
D oes an
e l e c t r i c r a i l w a y a n d e l e c t r i c li g h t i n g b u s in e s s i n D a l la s b y v i r t u e o f t h e
o w n e r s h i p o f s e c u r i t i e s o f c e r t a i n l o c a l c o m p a n ie s
F r a n c h is e s o f s u b
s i d i a r y c o m p a n ie s e x p i r e I n 1 9 2 2 .
See V . 84, p . 15 7 .
S h a r e h o ld e r s In
J u l y 1 9 0 9 a u t h o r i z e d a n I s s u e o f $ 2 , 0 0 0 , 0 0 0 f ir s t p r e f . s t o c k a n d l t w a s
s o ld i n b lo c k s o f 10 s h a r e s o f f ir s t p r e f . a n d 4 s h a r e s o f c o m m o n f o r $ 9 2 5 .
V . 89, p . 2 2 4 .
F o r d e c is io n o n o c c u p a t io n t a x o n D a lla s s t re e t r a ilw a y s ,
se e V . 8 9 , p . 4 1 .
_
STO CK AND BONDS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu r ity .
C o m m o n $ 3 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) ................................................ $ 2 , 8 7 0 , 0 0 0
........................
F ir s t p re f $ 2 ,0 0 0 ,0 0 0 6 % c u m .
_ „
( $ 1 0 0 ) ___________________________ _______
A -O
1 ,3 0 0 ,0 0 0 O c t T O , 3 %
2 d p f $ 2 ,6 6 6 , 0 0 0 5 % n - c ( $ 1 0 0 ) ------A -O
2 ,0 0 0 ,0 0 0 O c t T O , 1%
F ir s t c o lla t t ru s t m tg e $ 4 ,0 0 0 ,/ 1 9 0 2
5 g A -O
3 ,6 3 4 ,0 0 0 A p r il 1 19 22
0 0 0 , g o ld ( $ 1 0 0 , $ 1 , 0 0 0 ) _ c * ( I n t e r e s t a t C i t y T r u s t C o . . B o s t o n . T r u s t e e .
Wn+pQ n a v a b l e J a n . 3 1 1 9 1 0 __. . . .
___________ 3 5 5 ,0 0 0
-------------------W S to c k , a n d B o n d s — F i r s t p r e f . i s r e d e e m a b le o n a n d a f t e r O c t . 1 1 9 1 2 a t
1 0 5 a n d a c c u m u la t e d d l v s .
S in k in g f u n d 1 % p e r a n n u m o f o u t s t a n d in g
b o n d s . J a n . 1 1 9 1 1 . $ 2 9 1 , 0 0 0 , w e r e h e ld i n s i n k i n g f u n d .
B o n d s ca n be
c a lle d a s a w h o le o n a n y I n t e r e s t d a t e a t 1 0 5 a n d I n t e r e s t .
$ 2 5 ,6 o O o f t h e
b o n d s a r e I n d e n o m i n a t i o n o f $ 1 0 0 . r e s t b e ln g $ ^ , 0 0 0 e a c h .
r i i v i d p n d v __ O n s e c o n d D re f . s t o c k I n 1 9 0 5 , 2 H % » I n 1 9 0 6 , o / o , i n 1 9 0 7 ,
A p r i l , 2 4 % ’; n o n e t o O c t . 1 9 0 9 , w h e n 2 % w a s p a i d .
I n 19 1 0 , A p r il, n o n e
^ B A R J l i N G S . — F o r 1 2 m o n t h s e n d in g D e c . 3 1 1 9 0 9 , g r o s s , $ 1 , 4 6 9 , 3 1 8
n e L $ 5 1 8 7 1 7 3 7 In t . a n d ta x e s , $ 2 7 2 ,1 8 2 ; d iv id e n d s , $ 9 8 ,0 0 0 : s in k in g f u n d ,
^ R O A D . — O w n s a n d o p e r a t e s 6 0 . 7 m i le s o f t r a c k i n t h e c i t y o f D a l l a s a n d
■ u b u rb s.
R a i l s , 4 5 to 9 1 lb s .
164 e a rs.
S ta n d a rd gauge.
O F F I C E R S . — P r e s . , M a r s h a ll M . P h i n n e y ; V . - P s . , R o b e r t T . P a in e 2 d .
a n d E d w a r d B y r n e s ; T r e a s . , H e n r y B . S a w y e r ; S e c ., C l e m e n t R . F o r d
S to n e & W e b s te r, B o s to n , M a n a g e rs a n d T r a n s fe r A g e n t s .— V . 89, p . 4 1 ,
224, 778, V . 91, p . 9 45.
_________
T E X A S T R A C T I O N C O — A t r o lle y r o a d .
•
F r a n c h is e s ex
O R G A N I Z A T I O N . — In c o r p . In T e x a s o n S e p t . 2 o 1 9 0 6 .
I< r a n c n tse s e x
p i r e In 1 9 56 o n s tre e ts a n d h ig h w a y s ; r e s t o f r o a d b u ilt o n p r iv a t e r ig h t o f
W&O n F e b . 1 5 1 9 1 1 a b i l l w a s I n t r o d u c e d I n t h e T e x a s L e g i s l a t u r e a u t h o r i z i n g
c o m p a n y t o p u r c h a s e a n d m e r g e I n t o I t s e lf I t s s u b s i d i a r y , t n e D e n is o n &
D A N B U R Y & H A R L E M T R A C T I O N C O . — A t r o l le y r o a d .
J u n e 2 19 08 t h re e P h ila d e lp h ia b a n k s a p p lie d f o r a
r e c e i v e r . I n t e r e s t o n b o n d s h a v in g b e e n d e f a u lt e d .
V . 86, p. 1409.
On.
J a n . 2 3 1 9 0 9 r o a d w a s s o ld a t f o r e c lo s u r e to t h e b o n d h o ld e r s , c o m m it t e e ,
I I . M . V a n C o u r t , C h a ir m a n , c a re C e n t r a l T r u s t & S a v in g s C o ., P h ila d e lp h ia .
V . 88, p. 94.
N e g o t i a t io n s a r e u n d e r w a y f o r t h e p u r c h a s e o f t h e r o a d f r o m
t h e c o m m it t e e .
U p t o S e p t . 1 9 1 0 r o a d n o t y e t s o ld .
R O A D . — H a s u n d e r c o n s t r u c t i o n 1 7 m ile s o f t r a c k f r o m D a n b u r y , C o n n . ,
t o G o l d e n ’s B r i d g e , N . Y .
A b o u t 8 m ile s o f t r a c k h a s b e e n c o m p le t e d .
7 0 - lb . r a il s . — V . 8 6 , p . 14 0 9 ; V . 8 7 , p . 2 2 6 , 16 6 4; V . 8 8 . p . 2 9 4 .
R e c e i v e r s h i p .— O n
DANVILLE, ILL.
IL L IN O IS T R A C T IO N C O .
O R G A N I Z A T I O N . — In c o r p o r a t e d I n M a in e o n M a y 1 3 1 9 0 4 a n d c o n
t r o l s t h e f o ll o w i n g c o m p a n ie s :
B lo o m in g t o n D e c a t u r & C h a m p . R R . P e o r ia R a ilw a y C o .
B lo o m i n g t o n & N o r m a l R y . & L t . C o . S t . L o u i s E l e c t r i c B r i d g e C o .
S t . L o u is E le c t r ic T e r m in a l R y .
D a n v ille & E a s t e rn I llin o is R y .
S t . L o u i s S p r i n g f i e ld & P e o r i a R R .
D a n v ille & S o u th e a s te rn R y . C o .
D a n v i l l e S t r e e t R a i l w a y & L i g h t C o . S p r i n g f i e ld B e lt R y .
S p r i n g f i e ld & N o r t h e a s t e r n T r a c . C o ,
D a n v i l l e U r b a n a & C h a m p a ig n R y .
T e r m in a l P o w e r C o .
D e c a t u r R a ilw a y & L ig h t C o .
D e s M o in e s E l e c t r i c C o . .
T o p e k a E d is o n C o .
I llin o is C e n t r a l T r a c t io n C o .
T o p e k a R a ilw a y C o .
„
U r b a n a & C h a m p a ig n R a i l w a y , G a s
J a c k s o n v ille R a ilw a y & L ig h t C o .
M a d is o n C o u n t y L ig h t & P o w e r C o .
& E le c t r ic C o .
P e o r i a B l o o m in g t o n & C h a m . T r . C o . U r b a n a L i g h t , H e a t & P o w e r C o .
P e o r i a L i n c o l n & S p r i n g f i e ld R y .
I n A p r i l 1 9 0 7 o b t a in e d a 5 0 - y e a r f r a n c h i s e o n c e r t a i n s t r e e t s o f S t . L o u i s
a n d w a s a ls o g i v e n a u t h o r i t y b y t h e U . S . G o v e r n m e n t t o b u l k l a b r i d g e
a c r o s s t h e M is s i s s i p p i R i v e r b e t w e e n V e n ic e , I I I . , a n d S t . L o u is , M o . T h i s
b r i d g e w a s o p e n e d t o t r a f f i c I n N o v . 1 9 1 0 a n d , w it h t e r m i n a ls I n S t . L o u is ,
re p re s e n t s a n In v e s tm e n t o f o v e r $ 6 ,0 0 0 ,0 0 0 .
V . 92. p. 259.
O n D e c . 3 1 1 9 0 9 t h e b o n d e d I n d e b t e d n e s s o f t h e p r o p e r t i e s c o n t r o ll e d
w a s $ 2 4 ,9 5 6 ,8 1 4 . w it h $ 3 ,8 3 6 ,0 0 0 m o re b o n d s o n p r o p e r tie s u n d e r c o n
s t r u c t io n .
_
STO CK AND BONDS—
D a te .
In ter es t.
O u ts ta n d in g
L ast D iv .
C o m m o n $ 1 0 , 0 0 0 , 0 0 0 ( 5 1 0 0 ) ..................
.............
$ 9 ,0 6 4 ,8 0 0
...................
Pref 6 % c u m $6,000,000 ( $ 1 0 0 ) ..........
Q -J
5,264,600
See te x t.
S t o c k . — A d d i t i o n a l p r e f e r r e d s t o c k c a n o n ly b e I s s u e d w h e n n e t e a r n i n g s
a re e q u a l to 9 % o n p re fe rre d s to c k o u t a n d th e a m o u n t p ro p o s e d to be
Is s u e d .
P r e f e r r e d s t o c k Is lis t e d o n M o n t r e a l S t o c k E x c h a n g e .
D i v i d e n d s . — 6 % p e r a n n u m I s b e in g p a i d o n t h e p r e f e r r e d s t o c k .
19 10.
1909.
1008.
G ro s s E a r n in g s —
$ 2 ,3 0 4 ,9 4 5
$ 1 ,9 8 0 ,7 7 0
$ 1 ,8 4 7 ,3 8 1
. 2 ,0 2 7 ,2 0 6
1 ,3 7 1 ,1 1 9
1 ,2 8 3 ,8 9 2
.
3 5 7 ,3 1 5
2 9 3 ,0 7 2
2 7 7 ,0 8 5
1 ,3 2 7 ,6 0 9
9 6 1 ,1 1 5
8 7 2 ,3 9 4
1 3 8 ,4 8 6
17 4 ,8 2 2
1 3 4 ,2 8 6
14
.
2 6 ,1 4 0
7 ,5 1 1
M is c e ll a n e o u s .
a G e n e ra l a n d o v e rh e a d e x p e n se s.
L e s s n e t e a r n i n g s o f D e s M o in e s a n d
$ 6 ,2 1 8 ,0 3 7
$ 3 ,4 4 1 ,1 0 0
5 8 ,5 9 6
.
1 6 5 ,9 3 2
$ 4 ,7 5 2 ,0 8 2
$ 2 ,5 8 5 ,0 4 3
4 3 ,1 5 0
1 2 0 ,8 7 8
$ 4 ,4 1 5 ,0 5 3
$ 2 ,4 2 3 ,7 5 7
.$ 3 ,6 6 5 , 6 2 8
$ 2 ,7 4 9 ,0 6 9
$ 2 ,5 2 2 ,7 7 9
$ 2 ,5 5 2 ,4 0 9
$ 2 ,0 0 3 ,0 1 3
$ 1 ,8 9 2 ,2 7 3
5 4 ,1 8 3
7 5 ,7 4 9
1 4 7 ,7 7 6
.
9 9 ,0 2 2
$ 1 ,7 4 4 ,4 0 7
$ 1 ,9 2 7 ,2 6 4
$ 2 ,4 9 8 ,2 2 6
In t e r e s t , & c .. f o r 1 9 1 0 a m o u n te d to $ 1 ,4 5 1 ,4 3 0 a n d d iv id e n d s o n p re fe rre d
s t o c k $ 3 5 8 , 5 4 3 ; le a v i n g a s u r p l u s f o r t h a t y e a r o f $ 0 8 8 , 2 5 3 .
a G e n e r a l a n d o v e r h e a d e x p e n s e s I n c lu d e d I n o p e r a t i n g e x p e n s e t o t a ls fo r y e a rs p r io r to 19 0 9 .
, , .
. , ,
R O A D . — T h e ln t e r u r b a n lin e s c o m p r is e 4 4 5 . 2 6 m ile s o f t r a c k ( o f w h i c h
1 9 .2
m ile s a r e le a s e d ) ; c i t y lin e s c o m p r is e 1 1 4 .9 3 m ile s o f t r a c k ; t o t a l o f a l l
lin e s , 5 6 0 . 1 9 m ile s .
l n t e r u r b a n I 'n e s h a v e 1 0 2 m o t o r p a s s e n g e r , 18 m o t o r
e x p r e s s , 4 7 t r a i n a n d 4 0 0 g o n d o la f la t a n d b o x c a r s ; c i t y lin e s h a v e 2 1 0
m o t o r c a r s a n d 14 9 o t h e r s .
4 0 g e n e r a t o r s , lo c a t e d a t 9 d l l l c r c n t p o i n t s ,
h a v e a c a p a c i t y o f 2 0 , 6 5 0 k il o w a t t s .
O F F I C E R S . — P r e s . , YV . B . M c K i n l e y , C h a m p a ig n : V . - P . a n d T r e a s . , G e oM . M a t t ls , C h a m p a ig n ; S e c ., T . B . M a c a u le y , M o n t r e a l; G e n . M g r . , M . E .
C h u b b u c k .— V . 88, p . 29 5, 3 7 4 , 4 5 1 , 564, 1 3 6 9 ; V . 89, p . 2 2 5 , 7 2 1 , V . 9 0,
p . 3 0 3, 559; V . 91, p . 38, 2 1 1 , 589, 1328; V . 92, p. 46 1.
LOCAL STREET RAILW AYS.
(1) Bloomington & Normal Railway & Light Co.
O R G A N I Z A T I O N . — In c o rp o r a t e d in I llin o is on F e b . 2 3 10 0 6 a s a c o n
s o lid a t io n o f t h e B l o o m in g t o n & N o r m a l R y . , E l e c t r i c & H e a t i n g C o . a n d th e C o n s u m e r s ’ L ig h t & H e a t in g C o . o f B lo o m in g t o n .
STO CK AN D BO NDS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
C o m . s t o c k , $ 1 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) .................................
$ 1 ,0 0 0 ,0 0 0
........................
P r e f e r r e d s t o c k _______________ ________ _
__________
5 g A -O
7 6 9 ,0 0 0 M a y 1 19 36
1st a n d re f m tg e , $ 2 ,0 0 0 ,0 0 0 ,1 1 9 0 6
g o ld ( $ 1 . 0 0 0 ) ........................ c / C e n t r a l T r u s t C o . , C h i c a g o T r u s t e e .
5 g J-D
? 6 8 ;?,?.0 J u n ® 1 1 3 2 7
B & N R E & I I 1st m tg e .l 19 02
$ 6 0 0 , 0 0 0 ( $ 1 , 0 0 0 ) g , s f . c * j l n t . a t 111. T r . & S a v . B k . , C h i c a g o . T r u s t e e .
B o n d s .— O f th e $ 2 ,0 0 0 ,0 0 0 n e w b o n d s , $ 6 0 0 0 0 0 w e re re s e rv e d fo r p r io r
lie n s a n d $ 0 3 0 , 0 0 0 f o r e x t e n s io n s .
A r e g u a r . , p . a n d l . . b v 111. T r a c . C o .
In t . a t A g e n cy o f M e rch a n ts’ B a n k o f C a n a d a . N ew Y o rk .
N o s in k ,
f u n d , b u t b o n d s c a n b e c a lle d a t 1 0 5 o n a n y ln t . d a t e .
T h e R y . , E l e c . <»
H e a t i n g C o . b o n d s a r e s u b je c t t o c a ll a t 1 1 0 a n d ln t .
S in k . f d .. $ 1 0 ,0 0 0 a n
n u a lly , b e g a n J u n e 19 08 ; $ 3 2 ,0 0 0 h a v e b e e n re t ire d .
R O A D . — O p e r a t e s l 7 4 2 m ile s o f t r a c k I n , a r o u n d a n d b e t w e e n B l o o m i n g
t o n a n d N o r m a l.
R a l l s 4 5 , 6 0 a n d 7 0 lb s .
H a s 18 m o to r c a rs a n d C
t r a i le r s .
S h S T O C l/* A N D V B O N D S — 3 ' D a te .
In ter es t.
O a U ia n d ln c i.
M a tu rity .
.......................
C o m m o n $ 2 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) ................................................$ 2 , 0 0 0 , 0 0 0
p r e f $ 1 .0 0 0 ,0 0 0 6 % c u m ( $ 1 0 0 ) —
-- - - - JJ^ V n n n r '. v v ; : ; ;
F ir s t m tg e s in k in g fu n d $ 3 ,-/ 19 07
5 g J-J
2 ,0 0 0 ,0 0 0 J a n . 1 19 37
0 0 0 , 0 0 0 ( $ 1 , 0 0 0 ) g ___ c + & r ( I n t . a t O l d C o l o n y T r u s t C o . . B o s t o n , T r u s t .
B o n d s .— O f t h e $ 3 , 0 0 0 , 0 0 0 n e w m o r t g a g e $ 1 , 0 0 0 , 0 0 0 Is r e s e r v e d f o r f u t u r e
Im p r o v e m e n t s a n d e x t e n s io n s .
B o n d s c a n b e c a lle d a t 1 1 0 a n d a c c r u e d
In t e r e s t o n a n y In t e re s t d a t e u p o n 3 0 d a y s ’ n o t ic e .
A s i n k i n g f u n d o f 5 ,o
o f g ro s s e a r n in g s , b e g in n in g J u l y 1 1 9 1 2 , to b e u s e d In th e P u r c h a s e
bonds.
E A R N I N G S . — F o r y e a r e n d in g D e c . 3 1 1 9 1 0 , g r o s s , $ 4 0 3 , 0 4 8 , n e t , a f t e r
t a x e s , $ 1 5 3 , 1 4 2 ; I n t e r e s t , $ 1 0 0 , 0 0 0 : b a la n c e , $ 5 3 , 1 4 2 .
•
(2) St. Louis Electric Terminal Railway Co.
R O A D . — O p e r a t e s a n l u t e r u r b a n lin e b e t w e e n D a l l a s a n d S h e r m a n ,
O r g a n iz e d t o b u i ld e x t e n s i v e t e r m i n a l f r e ig h t a n d p a s s e n g e r s t a t i o n s t o
6 6 m ile s .
E n t e r s D a lla s o v e r t r a c k s o f D a lla s E le c t r ic S t re e t R y .
E n t ir e
c o s t a b o u t $ 5 ,0 0 0 ,0 0 0 .
O w n s v a lu a b le re a l e s ta te a n d a 5 0 - y c a r f r a n c h is e
ro a d w a s p u t in o p e ra t io n J u l y 1 1 9 0 8 .
O n M a y 1 1 9 0 9 b e g a n o p e r a t in g
g i v i n g t h e I l l i n o i s T r a c t i o n a n o u t le t I n S t . L o u i s .
A l s o o w n s t h e C i t i z e n s ’’
c a r s t h r o u g h to D e n is o n , u s i n g t r a c k s o f t h e D e n is o n & S h e r m a n E le c . R y .
R y . C o . o f V e n ic e , w h ic h o p e r a t e s 4 .8 8 m ile s o f s t r e e t r a i l w a y I n M a d is o n , .
O F F I C E R S . — P r e s .. J . F . S t r ic k la n d ;
V . - P s . , J . S . H e a r d , YV. R .
G r a n i t e C i t y a n d V e n ic e .
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V . 8 7 . p . 98; V . 8 8 , p . 8 24 ; V . 9 2, p . 4 6 3 .
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DANBURY & BETH EL STREET RY.
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th e p r o p e r ty o f th e D e c a t u r T r a c t io n & E le c t r ic C o ., th e D e c a t u r G a s &
E le c t r ic C o . a n d th e D e c a t u r S te a m H e a t in g C o ., o w n in g a ll th e s t re e t r a i l
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19 26.
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1 0 5 a n d In t e re s t .
See V . 83, p . 38, 436; V . 30, p . 42; V . 00, p . 560.
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c a rs, 40 o th e r c a rs.
A ls o o w n s v a l u a b l e p r o p e r t y n e a r t h e c e n t r e o f c i t y
a n d c o n s id e r a b l e o t h e r r e a l e s t a t e , I n c l u d i n g s e v e r a l a m u s e m e n t p a r k s ,
e s t im a t e d t o b e w o r t h $ 5 0 0 , 0 0 0 . — V . 8 7 , p . 3 7 ; V . 8 9 , p . 4 2 ; V . 0 0 , d 5 6 0
(7 ) T o p e ka R a ilw a y C o .
O n M c h . 1 19 10 I llin o is T ra o . C o . p u rc h a s e d ro a d .
O R G A N I Z A T I O N . — I n c ’d u n d e r g e n e r a l r a i l w a y la w s o f K a n s a s ln 1 8 9 2 ;
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w it h in t h re e y e a rs o n t h e s y s t e m .
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v e s t m e n t , c i t y Is t o r e c e iv e c o m p e n s a t i o n .
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re d e e m t h e g e n . m tg e . b o n d s a n d § 8 , 1 1 4 , 0 0 0 f o r 8 0 % o f c a s h c o s t o f a d d i
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9 w n .s a 5 .d 0 P « r a t e 3 , 9 7 m i le s o f t r a c k (8 0 m ile s , m a i n li n e ; 8
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$ 1 3 6 , 1 7 8 ; I n t e r e s t , $ 7 5 , 0 0 0 ; b a la n c e , $ 6 1 , 1 7 8 .
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V . 02 p . 185; 259 ?
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J u ly 28 19 0 2 .
O w n s th e D a n v ille P a x t o n & N o rt h e rn R y .
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r ig h t o f w a y .
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u p o n 8 w e e k s ' n o t ic e a t 1 0 5 A I n t .
T h e b o n d s a r c g u a r . , p . A 1., b y e n d . b y
D a n v . S t . R y . A L t . C o . a n d U r b a n a A C h a m p a ig n R y . , G a s A E l e c . C o .
V . 81, p 26 4 .
T h e 2 d 6 s m a tu re $ 5 0 ,0 0 0 o n J a n . 1 1908 a n d $ 5 0 ,0 0 0 e a ch
J a n . 1 th e re a fte r.
T h e $ 5 0 ,0 0 0 d u e o n J a n . 1 1908 a n d $ 5 0 ,0 0 0 d u e J a n . 1
1 9 0 9 , a s w e ll a s $ 4 2 , 0 0 0 o f t h e $ 5 0 , 0 0 0 d u e J a n . 1 1 9 1 1 , w e r e e x t e n d e d .
T h e y a r c s u b je c t to c a ll a t p a r o n 3 0 d a y s ’ n o t ic e .
A r e g u a r ., p . A I., b y
111.
T ra c . Co.
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R O A D . — O p e r a t e s 7 0 . 1 m ile s o f t r a c k o v e r p r i v a t e r i g h t o f w a y , c o n n e c t n g t h e c it ie s o f D a n v i l l e , U r b a n a a n d C h a m p a ig n , w i t h b r a n c h e s f r o m D a n
v ille to G e o rg e to w n a n d R id g e F a r m ; D a n v ille to C a t lln a n d O g d e n to
H o m e r.
7 0 - lb . r a ils .
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t iv e s a n d 8 6 t r a il c a r s .
O F F I C E R S . — P re s ., W . B . M c K in le y ; S e c ., E . A . M a c N u t t ; T re a s
G e o . M . M a t t ls .— V . 8 1 , p . 2 6 4 ; V . 8 3 , p . 4 3 5 ; V . 8 4 , p . 3 3 8 ; V . 8 8 , p . 5 6 3
< 1 D _ I l l i n o i s C e n t r a l T r a c t i o n C o . — A t r o l le y r o a d .
O R G A N I Z A T I O N . — In c o rp o r a t e d in Illin o is in 1 9 0 3 u n d e r g e n e ra l
r a i l r o a d la w s .
M o s t ly p r iv a t e r ig h t o f w a y .
STOCK AN D BO NDS—
D a te .
In ter es t.
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M a tu rity .
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5 7 0 ,0 0 0
G e n e r a l m o r t g a g e ............................................................ ..
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1 0 7 H a n d ln t .
A r e g u a r a n t e e d , p . a n d 1., b y I l l i n o i s T r a c t i o n C o .
V . 82.
p. 804.
A s i n k i n g fu n d o f 1 0 % o f n e t e a r n in g s b e c a m e o p e r a t iv e D e c . 1
1 9 0 8 . b u t n o t t o b e le s s t h a n 1 % o f b o n d s o u t s t a n d i n g .
R O A D . — O p e r a t e s 4 5 . 5 m ile s o f t r a c k f r o m D e c a t u r t o S p r i n g f i e ld , w it h
a n e x t e n s io n f r o m B u f f a lo t o M e c h a n lc s b u r g ; 7 0 - l b . r a i l s .
H a s 11 m o to r
c a rs a n d 2 0 t ra ile r s .
O F F I C E R S . — P r e s . , W . B . M c K i n l e y ; S e c ., E . A . M c N u t t ; T r e a s . , G e o .
M . M a t t ls ; G e n . M g r . , M . E . C h u b b u c k .
V . 8 2, p . 804; V . 84, p . 3 3 9 .
(1 2 ) I llin o is W e s t e rn R a ilw a y C o .
C a p i t a l s t o c k , $ 5 0 0 , 0 0 0 , a l l o w n e d b y 111. T r a c t . C o .
I s b u i l d i n g 3 5 m ile s
° f r ,oad f r o m S p r i n g f i e ld t o J a c k s o n v i l l e , 111.
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O R G A N I Z A T I O N , — I n c o r p o r a t e d ln I l l i n o i s l n A p r i l 1 9 0 5 .
M o s t ly
p rlj a / ® r ' ffh t o f w a y .
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S IO C K A N D B O N D S —
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In ter es t.
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M a tu rity .
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1st m tg e , $ 3 ,0 0 0 ,0 0 0 , g o ld f 19 06
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( C e n t r a l T r u s t C o ., C h ic a g o , T r u s t e e .
G e n e r a l m o r t g a g e ....................................................................
48 5 ,0 0 0
.
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They
a re s u b je c t to c a ll o n a n y In t e re s t d a t e a t 1 0 5 o n 3 0 d a y s ’ n o t ic e
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( 1 4 ) P e o r i a L i n c o l n & S p r i n g f i e ld R a i l w a y C o .
C o m p le t e d d u r i n g 1 9 0 7 a r o a d f r o m L i n c o l n . I I I . , t o M a c k i n a w , I I I . ,
c o n n e c t i n g t h e S p r ln g Q e ld A N o r t h e a s t e r n T r a c t i o n C o . w i t h t h e P e o r i a
B l o o m i n g t o n A C h a m p a ig n T r a c t i o n C o . , a n d m a k i n g a t h r o u g h li n e f r o m
P J 0i >m i ? g t o n ,r'ln d P e o r la t o S p r i n g f i e ld a n d S t . L o u i s .
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( 1 5 ) S t . L o u i s S p r i n g f i e ld & P e o r i a R R .
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O R G A N I Z A T I O N . — I n c o r p o r a t e d l n I l l i n o i s D e c . 1 1 9 0 9 a s a c o n s o lld a e n t i r e is s u e Is s u b je c t to c a ll a t t h a t p r i c e .
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s u r p l ,u s - $ 1 2 1 , 7 8 7 ; ln 1 0 0 8 , g r o s s , $ 3 4 2 , 0 6 7 ; n o t , $ 1 6 0 3 4 4 : u s e o f b r id g e a n d t e r m i n a ls o f S t . L o u i s E l e c . B r i d g e C o . a n d S t . L o u i s
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STO CK AN D BONDS.
D a te .
In ter es t.
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a n d *22 ° r a i l ? r s n 8 3 3 m l l e s ° f t r o l l c y : 7 0 • 7 5 a n d 8 0 - l b . r a i l ; 6 0 m o t o r c a r s
C o m m o n $ 2 , 6 0 0 , 0 0 0 ( $ 1 0 0 ) ___ _______
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( $ 1 ,0 0 0 c o u p A $ 1 ,0 0 0 o r ( I l l in o i s T r u s t A S a v B k , C h ic a g o , t ru s t e e ,
m u l t i p l e s r e g . ) - . . . . c & r * J I n t . p a y a b l e In N e w Y o r k o r C h i c a g o .
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0 0 0 ( $ 1 ,0 0 0 ) g o l d .................. c / I n t . P o r t l a n d T r . C o . . P o r t l a n d , M e . . T r u s t
D e b e n t u r e b o n d s .........................................
5%
4 70 000
• h a v e e q u a le d f iv e t im e s a n d n e t e a r n i n g s 1 X t im e s t h e I n t e r e s t c h a r g e o n
a ll b o n d s o u t s t a n d in g a n d th o s e p ro p o s e d to be Is s u e d .
B o n d s a re un co n B o n d s . — O t t h e n e w I s s u e o f $ 5 0 0 , 0 0 0 , s u f f ic i e n t a r e r e s e r v e d t o r e t i r e f ir s t
d l t l o n a l l y g u a r . , p . A 1., b y I l l i n o i s T r a c t . C o .
V . 90, p. 3 04 .
S t. L . A
b o n d s . T h e b o n d s a re s u b je c t to c a ll o n a n y In t e re s t d a t e a t 1 0 5 .
S p g f d . 1s t m t g e . b o n d s a r e s u b j e c t t o c a ll o n a n y I n t . d a t e o n 6 0 d a y s* n o ■ > ” 9 . D ' ~ ° P c r a t c 8 8 m l l e s o f t r a c k I n a n d b e t w e e n C h a m p a ig n a n d U r b a n a
t lc e a t I O 7 Mi a n d I n t .
A r e g u a ra n t e e d , p . & I., b y I llin o is T r a c t io n C o .
H a s 15 m o to r c a rs a n d 8 o th e rs .
R O A D . — O w n s a n d o p e r a t e s 9 2 m ile s m a i n li n e b e t w e e n S p r i n g f i e ld a n d
...
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IN T E R U R B A N R O A D S .
V e n ic e , o p p o s it e S t . L o u is , w it h b r a n c h f r o m S t a u n t o n t o L i t c h f i e l d a n d
;?Aw!°.omin* fon Decatur & Champaign RR.
H i l l s b o r o . 2 3 .6 m ile s ; t o t a l. 1 1 5 . 6 m i le s .
S ta n d a rd g au g e.
176 ca rs
c « m . „ f 9 A N I ,ZA 1’ ^ 9 .N - ~ I ?,?o rp o .r a t c d , n I l l i n o i s o n N o v . 2 9 1 0 1 0 a s a c o n a n d 4 lo c o m o t iv e s .
s o lld a t l o n o f t h e C h i c a g o B l o o m in g t o n A D e c a t u r R y . a n d S t . L o u i s D c o a t u r
E A R N ! N G S . - F p r c a L y e a r 1 9 0 9 (D e o . c s t . ) , g ro s s , $ 6 2 4 ,9 9 6 ; n e t ;
& C h a m p a ig n R y .
O p e ra t e s o n p r iv a t e r ig h t o f w a y e x c e p t t h r o u g h c it ie s
.ln -t ’ ’ A 1,1.5 ’.5^ ? 5 s u r P | u 8 . $ 9 2 , 1 1 8 : I n 1 9 0 8 , g r o s s , $ 6 1 6 , 0 9 7 ; n e t .
a n d t o w n s (8 m ile s ) w h e r e f r a n c h i s e s e x t e n d to o r b e y o n d 1 0 5 3
$ 1 8 4 , 6 8 2 ; I n t . , $ 1 1 5 , 5 0 0 ; s u r p lu s , $ 6 9 , 1 8 2 .
V . 90, p . 30 4 .
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(1 6 ) S p r i n g f i e ld & N o r t h e a s t e r n T r a c t i o n C o .
O R G A N I Z A T I O N . — $ 1 , 3 5 0 , 0 0 0 o f s t o c k Is o w n e d b y I l l i n o i s T r a c t l n C o .
M o s t ly p r iv a t e r ig h t o f w a y .
S T O C K A N D B O N D S .—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity
s t o c k $ 1 , 5 0 0 , 0 0 0 ................................................................... $ 1 , 5 0 0 , 0 0 0
.......................
1st m tg e $ 1 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) f 19 06
5 g J-D
8 0 0 ,0 0 0 D e c
1 1936
g o l d - ........... - ............- ............c * ( I n t . a t ag< y . M e r c h a n t s ’ B k o f C a n a d a . N . Y .
I C e n t ra l T r u s t C o . o f Illin o is , tru s te e .
B o n d s .— B o n d s a r e g u a r . , p . & 1., b y e n d . b y 111. T r a o . C o .
C a lla b le o n
a n y I n t . d a t e o n 4 w e e k s ’ n o t ic e a t 1 0 5 .
N o . s in k in g fu n d .
R O A D . — O p e r a t e s 3 3 . 3 m ile s o f t r a c k , f r o m S p r i n g f i e ld t o L i n c o l n .
H as
2 7 t r a il c a rs.
V . 85, p . 655.
OTHER
P R O P E R T IE S . A N D
R O A D S U N D E R C O N S T R U C T IO N .
(1 7 ) D a n v ille C o n s u m e r s C o a l C o .—
STOCK AND BO NDS—
D a te .
In ter es t.
O u ts ta n d in g .
M a tu rity .
S t o c k __________________ __________ - A l l o w n e d b y I l l i n o i s T r a c t i o n C o .
f i r s t m o rtg a g e , $ 3 5 ,0 0 0 g o ld ,] 19 04
5 g M -N
$ 2 8 ,0 0 0 N o v 1 19 24
( $ 1 , 0 0 0 ) ....................................c \ I n t . a t o f f i c e o f W . B . M c K i n l e y , C h a m ’ n , 111.
B o n d s s u b je c t to c a ll a t 1 0 5 o n a n y In t . d a y .
S in k in g fu n d 2 c e n ts p e r to n .
R o s s R . M a t t ls , t r u s t e e .
(1 8 ) D a n v ille & E a s t e r n I llin o is R y .
I s b u i l d i n g f r o m D a n v i l l e t o I n d i a n a S t a t e li n e , 7 m ile s , t o c o n n e c t w i t h
In d ia n a In t e r u r b a n r o a d s .
3 m l l e s 'h a v c b e e n c o m p le t e d A t T e r r e H a u t e
c o n n e c t io n w ill b e m a d e w it h I n d ia n a I n t e r u r b a n r o a d s .
In S e p t. 19 07
In c re a s e d s t o c k fro m $ 5 ,0 0 0 to $ 5 0 0 ,0 0 0 . V . 8 5 , p . 7 2 2 . T e m p o r a r y b o n d s
to th e a m o u n t o f $ 5 0 ,0 0 0 a r c o u t s t a n d in g .
(1 9 ) D a n v ille & S o u t h e a s t e rn R y . C o .
O R G A N I Z A T I O N . — I n c o r p o r a t e d I n I l l i n o i s o n J a n . 14 1 9 0 9 .
STOCK AND BONDS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
S t o c k ----------------------------- ---------------A l l o w n e d b y I l l i n o i s T r a c t i o n C o .
5 g J-J
$ 6 0 ,0 0 0 J u l y 1 1 9 2 9
F i r s t m o r t g a g e $ 1 0 0 , 0 0 0 g o ld J 1 9 0 9
($ 1 0 0 0 ) -------------------- c & r ] l n t . a t C e n t r a l T r u s t C o . , C h i c . , t r u s .
G u a ra n te e d ,
B o n d s .— S u b j e c t t o c a d a t 1 0 5 a n d I n t . o n a n y I n t . d a t e .
p . A I., b y I l l i n o i s T r a c t i o n C o
R O A D . — O p e r a t e s 7 m ile s o f r o a d f r o m D a n v i l l e C i t y l i m i t s to G r a p e
C re e k c o a l d is t r ic t .
7 0 - Ib . r a ils .
O F F I C E R S . — S a m e a s th o se fo r Illin o is C e n t ra l T r a c t io n C o
(2 0 ) D e s M o in e s E le c t r ic C o .
O r g a n i z a t i o n .— P u r c h a s e d b y I l l i n o i s T r a c t i o n C o . J u l y 1 1 9 0 9 .
B o n d s,
$ 1 , 5 6 0 , 0 0 0 ( 5 % M . & N .) 1 s t m tg e . b o n d s o u t s t a n d in g .
In t . a t A m e r.
T r u s t C o ., B o s to n , M a s s .
T h e D c s M o in e s R y . & L i g h t C o ( h o ld i n g c o m
p a n y ) h a s $ 8 3 8 ,0 0 0 (5 J - J ) o f t e m p o r a r y b o n d s o u t s t a n d in g .
( 2 1 ) M a d is o n C o u n t y L i g h t & P o w e r C o .
I s a c o n s o lid a t io n I n 1 9 0 6 o f t h e K d w a r d s v il l e L i g h t & P o w e r C o . a n d t h e
G r a n it e C lt y - V e n lc e E le c t r ic C o .
S u p p li e s l i g h t a n d p o w e r t o K d w a r d s v l l l e ,
G r a n i t e C i t y , V e n ic e a n d B r o o k l y n .
S t o c k a l l o w n e d b y 111. T r a c t i o n .
S T O C K A N D B O N D S .—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity
S t o c k $ 1 0 0 , 0 0 0 ........ ................... ..............
....................
$ 1 0 0 ,0 0 0
1 st m tg e $ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) f 19 06
5 g J-D
4 0 7 ,0 0 0 D e c i 19 36
g o l d ........................................... c * ( I n t a t a g o y . M e r c h a n t s ’ B k . o f C a n a d a , N . V .
J
J .
'C e n t r a l T r u s t C o . o f I l l i n o i s , t r u s t e e .
B o n d s . — G u a r . p . a n d 1. b y I l l i n o i s T r a c t i o n C o .
C a n b e c a lle d o n
f o u r w e e k s ’ n o t ic e o n a n y I n t . d a y a t 1 0 5 .
N o s in k in g f u n d .
( 2 2 ) S t . L o u is E l e c t r i c B r i d g e C o .
• •
o O R G A N I Z A T I O N .— I n c o r p o r a t e d I n J a n . 1 9 0 7 .
O w n s a b r id g e f ro m
S a l i s b u r y S t r e e t , S t . L o u is , t o V e n ic e , I I I .
I n A p r il 19 09 c o m p a n y in
c re a s e d c a p it a l s t o c k f r o m $ 2 ,5 0 0 to $ 1 , 0 0 0 , 0 0 0 .
V . 88, p . 9 46 .
S t o c k a ll
o w n e d b y Illin o is T r a c t io n .
F o r f r a n c h is e p r o v is io n s , se e V . 8 5 , p . 1 0 0 .
C o n s t r u c t io n w a s s t a r t e d In O c t . 1 9 0 7 a n d b r id g e w a s f o r m a lly o p e n e d o n
N o v . 10 1 9 1 0 .
$ 2 ,2 4 8 ,0 0 0 t e m p o ra ry b o n d s h a v e b e e n Is s u e d .— V . 8 5 ,
p . 100; V . 8 8, p . 946 ; V . 9 1, p . 1 3 2 8 .
( 2 3 ) S p r i n g f i e ld B e lt R a i l w a y C o .
I s c o n s t r u c t i n g a b e lt lin e f r o m t h e I l l i n o i s T r a c t i o n r o a d e a s t o f S p r i n g
f ie ld t o c o n n e c t w i t h t h e l i n e s o u t h o f c i t y l i m i t s I n o r d e r t h a t I t w i l l n o t b e
n e c e s s a r y t o r u n e x p r e s s c a r s t h r o u g h S p r i n g f i e ld .
R ig h t o f w a y p r a c t ic a lly
a ll se c u re d .
I n S e p t. 19 0 7 s to c k w a s In c re a se d fro m $ 5 ,0 0 0 to $ 5 0 0 ,0 0 0 .
V . 8 5 , p . 7 2 3 ; a l l o w n e d b y 111. T r a c . C o .
T e m p o r a r y b o n d s to th e
a m o u n t o f $ 3 8 8 , 0 0 0 h a v e b e e n Is s u e d .
(2 4 )
T e r m in a l P o w e r C o .
O R G A N I Z A T I O N . — O r g a n iz e d to b u i ld a p o w e r h o u s e a t V e n ic e , 111.
T e m p o r a r y b o n d s to t h e a m o u n t o f $ 5 3 4 ,0 0 0 h a v e b e e n is s u e d . S t k . , $ 2 ,5 0 0 .
(2 5 ) T o p e k a E d is o n C o .
O R G A N I Z A T I O N . — O n M c h . 1 1 9 10 Illin o is T r a c . C o . p u rc h a s e d p ro p
e rty .
O p e ra t e s e le c t r ic -lig h t a n d s t e a m -h e a t p la n t In T o p e k a , K a n . B o n d s
a u t h ., $ 1 ,2 5 0 ,0 0 0 ; o u t, $ 7 6 0 ,0 0 0 ; d a te d 1 9 0 5 , d u e S e p t. 1 19 30 ; In t . ( 5 % )
J . - J . a t C o n t . & C o m m . T r . & S a v . B a n k , C h ic a g o , t r u s t e e .
S in k in g fu n d
$ 1 5 ,0 0 0 p e r a n n u m , p a y a b le D e c . 1 5 .
(2 6 ) U r b a n a L i g h t , H e a t & P o w e r C o .
C o n t r o ls t h e e l e c t r i c l i g h t i n g a n d s t e a m - h e a t i n g
E n t i r e s t o c k Is o w n e d b y I l l i n o i s T r a c t i o n C o
b u s in e s s
of
U rb a n a .
STO CK AND BONDS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
S t o c k $ 1 0 0 , 0 0 0 .................. .................................................
See te x t
........................
5 M -N
$ 3 8 ,5 0 0
See te x t.
F i r s t m t g e $ 5 6 , 0 0 0 ( 5 0 0 ) _____ c 1 9 0 3
F ir s t c o n s o l m tg e $ 2 0 0 ,0 0 0 1 1 9 0 9
5 J-D
7 2 ,0 0 0
See te x t.
( $ 1 , 0 0 0 ) ...................................... J C e n t r a l T r . C o . o f I I I . , T r u s t e e .
I n t . In C h ic .
B o n d s .— F i r s t m o r t g a g e b o n d s m a t u r e $ 2 , 0 0 0 t o $ 4 , 5 0 0 a n n u a l l y o n
M a y 1 u n t il M a y 1 1 9 2 0 . $ 1 7 , 5 0 0 r e t ir e d u p to F e b . 1 9 1 1 .
O f 1 s t c o n s o l,
m tg e . $ 4 2 ,0 0 0 a r e re s e rv e d fo r p r io r b o n d s a n d $ 8 6 ,0 0 0 a re fo r n e w c o n
s t r u c t io n .
B o n d s m a t u r e o n M a r c h 1 y e a r ly fro m 19 18 to 1 9 2 7 .
They
a re g u a r, b y I II . T ra c . C o .
V . 89. p. 167.
O F F I C E R S . — P r e s . , VV. B . M c K i n l e y ; S e c . , E . A . M c N u t t ; T r e a s . ,
G e o . M . M a t t ls ; G e n . M g r . , M . H . C h u b b u c k . — V . 8 9 , p . 1 6 7 .
DAVENPORT, IOWA.
IO W A
&
IL L IN O IS
R Y . — A t r o l le y r o a d .
O R G A N I Z A T I O N . — In c o rp o ra te d
e l e c t r i c r o a d , w it h a s t e a m c h a r t e r .
In
Io w a In
S e p te m b e r 19 01.
Is an
F r a n c h is e s e x p ir e In 1 9 5 1 .
STOCK AND BO N DS—
D a le.
In ter es t.
O u tsta n d in g .
M a tu rity .
C o m m o n , $ 1 , 5 0 0 , 0 0 0 ( $ 1 0 0 ) ........................................
$ 1 ,5 0 0 ,0 0 0
... 5 5 4 .2 0 0
P r e f . $ 8 0 0 , 0 0 0 , 6 % n - c ( $ 1 0 0 ) ......................................
1st m tg e , $2 0 0 0 ,0 0 0 , g o ld ] 1904
5 g J-J
1 ,0 5 0 .0 0 0 J a n 1 10 2 4
( $ 1 , 0 0 0 ) ............... - .............. c * j I n t e r e s t a t G i r a r d T r u s t C o . P h l l a . , T r u s t e e .
B o n d s .— O f t h e $ 2 , 0 0 0 , 0 0 0 a u t h o r i z e d , $ 5 0 0 , 0 0 0 a r e r e s e r v e d f o r a c q u i r
in g s te a m o r o t h e r r a ilw a y s a n d $ 4 5 0 ,0 0 0 to p r o v id e f o r ste a m r a ilw a y te r
m i n a ls a n d e q u i p m e n t a t 8 0 % o f c o s t .
N o s in k in g f u n d , b u t s u b je c t to c a ll
o n a n y In te re s t d a te a t 1 0 5 a n d In te re s t.
S ee V . 8 2. p . 100, 160.
E A R N I N G S . — F o r c a le n d a r y e a r 1 9 1 0 , g r o s s , $ 1 6 2 , 5 7 7 ; I n 1 9 0 9 , g r o s s ,
$ 1 1 4 , 7 4 9 ; 111 1 9 0 8 , g r o s s , $ 1 3 5 , 0 7 3 ; i n 1 9 0 7 , g r o s s , $ 1 3 2 , 8 4 9 .
R O A D . — O p e r a t e s 3 6 .4 m ile s o f t r a c k b e t w e e n D a v e n p o r t a n d C l i n t o n
o n p r iv a t e r ig h t o f w a y .
7 0 - lb . T - r a l l .
S ta n d a rd g au ge.
H a s t r a ffic
a g r e e m e n t f o r t r a n s f e r r i n g p a s s e n g e r s t o R o c k I s l a n d a n d M o li n e . 111.
O FFICERS.—Pres., Garrett E. Lamb; V.-P. and Asst. Treas., Frank W.
Ellis; 2d V.-P., Henrv Thuenen Jr.; Sec., H. B. McCoy; Treas., C. B. Mills;
Asst. Secs., L. Lamb, E. A. Miller and E. A. Schultz; Gen. Mgr., P. P.
Crafts, Clinton, Iowa; Aud., F. A. Perkins.—V.80,p.l058; V.82,p.l00, 160.
THE TRI-CITY RAILW AY & LIQHT C O . — ( S e e M a p . p a g e 40.)
ORGANIZATION.—Incorporated In Connecticut Mar. 31 1906 and owns
the entire capital stock (except directors’ shares) of the People’s Power Co.,
the People’s Light Co., the Davenport Gas & Electric Co., the Tri-City Ry
Co. and the Moline E . Moline & Watertown Ry. Co. All stock and bonds
(with the exception of $225,500 bonds given below) have been deposited
as additional security for the new mortgage. Controls all gas plants, clcctrlo lighting companies and street railway lines In the contiguous cities of
Davenport, Iowa, Rock Island, Moline and East Moline, 111. Population
served, approximately, 100,000. F r a n c h i s e s , with one comparatively unim
portant exception, are said to extend to maturity of mortgage In 1923
and beyond.
On Sept. 15 1910 stockholders authorized a $20,000,000 1st and refunding
5% gold mortgage to refund prior Hens and for improvements and exten
sions. V. 91, p. 590
M ERG ER OF SU B SID IA R IES.—In 19b7 the Trl-Clty R y. Co. and the
Davenport & Suburban R y. Co. were consolidated, the Trl-Clty Railway
Increasing Its stock from $1,500,000 to $2,500,000, In order to take over
the Davenport & Suburban lino. V. 85, p. 16 1. The TrI City Ry. again
Increased Its stock from $2,500,000 to $3,000,000 In Dec. 1908.
Com m pnK $ l0 ? 0 .0 0 0 r ( $ 1 0 ^ . .
^cum W O O )
M a iu r U ' -
— —
6 Q -j
2 ,8 2 6 ^ 2 0 0
J " a n ’’ 1 1 ' I ' h
D a v & R I , f i r s t m t g e g . $ 1 ,-1 1 8 9 1
6°g%j - j
1 7 l 's 0 0 J u ly 1*^911
0 0 0 , 0 0 0 ( $ 5 0 0 & $ 1 , 0 0 0 ) _ c * 1;I n t . p a y a b le I n N . Y . a t C h ^ e N a t . B k . I n d
T r I p im t
J
l n C h l c a S ° a t 111. T r . & S a v B k . , T r u s t e e .
i n - u t y K y --------------------------------- ---------5
54 oon sp n t 1 1 0 ??
S t o c k . - P r e f e r r e d s t o c k Is r e d e e m a b le a t 1 2 0 .
See V 82 d 121 3
L is t e d
o n M o n tre a l a n d T o ro n to S to ck E x c h a n g e s .
p
’ J- lst,e a
B o n d s .— O f t h e $ 9 ,0 0 0 ,0 0 0 c o ll. t r . b o n d s , $ 2 2 5 , 5 0 0 a re re s e rv e d f o r n r ln r
lie n s , $ 5 0 7 , 0 0 0 f o r 8 5 % o f c o s t o f f u t u r e a d d i t i o n s a n d I m p r o v e m e n L a n d
$ 1 5 0 ,0 0 0 h a v e b e e n r e t ir e d b y s in k in g f u n d .
A r e s u b je “ to c M l o n a S v
In t e r e s t d a t e a t 1 0 5 a n d I n t e r e s t .
A s in k in g fu n d p r o v id e s fo r th e re d e m p
t io n o f $ 2 ,2 5 0 ,0 0 0 b o n d s b y m a t u r it y .
C o u p o n b o n d s a r e In d e n o m in a t io n
o f $ 1 , 0 0 0 a n d r e g is t e r e d b o n d s I n $ 1 , 0 0 0 . $ 5 , 0 0 0 o r $ 1 0 0 0 0
T h e v an *
li s t e d o n N . Y . S t o c k E x c h .
T h e $ 1 , 0 0 0 , 0 0 0 g o ld n o t e s m a t u r e M c h . 1 1 9 1 2
O f t h e 1 s t & r e f . b d s . , $ 1 0 , 0 8 3 , 0 0 0 a r e r e s e r v e d f o r p r i o r li e n s
S u b le c t to
c a ll a t 1 0 5 o n a n y In t . d a t e o n 9 0 d a y s ’ n o t ic e . S . f . o f 1 w % o f b o n d s o u t
b e g in s F e b . 1 1 9 2 4 .
D iv id e n d s .— F ir s t d lv . o n p re f., 1 M % , p a id J u l y 19 0 6 , a n d 1 u %
w as
a g a in p a id O c t . 1 19 0 6 ; 1 9 0 7 to 1 9 1 0 I n c l. , 6 % p e r a n n . I n 19 11 J a n
i
E A R N I N G S . — F o r 1 2 m o n t h s e n d in g D e c . 3 1 :
”
rj/< ”
Y ea r—
G ross.
N e t.
F ix e d C h g s . S i n k .F d . D iv id e n d s . S u r n lu s
1 9 1 0 ________ $ 2 , 5 1 3 , 4 8 7 $ 1 , 0 3 1 , 5 1 9 $ 4 8 1 ,4 0 8 $ 5 0 , 0 0 0 $ 1 6 9 , 5 7 2 $ 3 3 0 5 3 9
1 9 0 9 ________ 2 , 0 3 9 , 4 8 8
8 9 8 ,5 8 0
4 7 2 ,3 8 8
5 0 ,0 0 0
1 6 9 ,5 7 2
206 620
R O A D . — O p e r a t e s a b o u t 8 5 m ile s o f s t a n d a r d - g a u g e t r a c k , c o n n e c t i n g
t h e c i t i e s o f D a v e n p o r t , I o w a , a n d R o c k I s l a n d , M o lin e a n d le a s t M o lin a
I II . ; 8 5 - lb . g ir d e r a n d 60 to 7 5 -lb . T - r a il.
A n e x t e n s io n to M u s c a t in e
I o w a , 2 0 m ile s , I s c o n t e m p l a t e d .
O F F I C E R S . — P re s ., J . F . P o rt e r, D a v e n p o r t ; V . - P . , G e o D M a c k a v
N e w Y o r k ; V lc e .-P r e s .. I I . R . T o b e y . N e w Y o r k ; S e c .. M
K
P a rk e rT re a s ., T . W M o ffa t.
O p e ra te d u n d e r m a n a g e m e n t o f J . G . W h it e * C o ’
In c o rp o r a t e d , N e w Y o r k .— V . 8 7 , p .9 8 , 1 6 8 ; V . 8 8. p . 1 1 2 4 11 2 9 - V s o '
p . 780, 919; V . 90. p . 1 0 4 1 ; V . 9 1, p . 33 8 , 590, 1448 .
’
’
’ 0W’
DAYTON, OHIO.
C I T Y R A I L W A Y C O .— A tro U e y ro a d .
O R G A N I Z A T I O N . — -C h a rte re d M a y 12 1 8 9 3 .
I s a c o n s o li d a t i o n o f t h e
D a y t o n S t r e e t R R . , t h e D a y t o n & S o ld i e r s ’ H o m e R R . , t h e F i f t h S t r e e t
R R . a n d th e G re e n lin e .
F r a n c h is e s ru n fo r 5 0 y e a rs fro m F e b
8 1892
a n d A p r il 19 18 9 3 .
I n D e c . 1 9 0 6 $ 1 0 0 ,0 0 0 n e w c o m m o n s t o c k w a s o ffe re d to s h a re h o ld e rs a t
p a r ; a t t h e s a m e t i m e a s p e c i a l d i v i d e n d o f 5 % o n t h i s s t o c k w a s d e c la r e d
See V . 83 p . 159 0 .
STOCK AN D BONDS—
D a te .
In ter es t.
O u ts ta n d in g
M a tu rity .
C o m m o n , $ 2 , 4 0 0 , 0 0 0 ( $ 1 0 0 ) ......................
Q - J $ 2 ,1 9 5 ,9 0 0 J a n ’ l l 1 M %
P r e f e r r e d , $ 6 0 0 , 0 0 0 ( $ 1 0 0 ) ---------------6 Q -J
6 0 0 ,0 0 0 J a n ’ l l , l > 4 %
D a y t o n & S o ld i e r s ’ H o m e R R ]
1891
6 J-J
6 5 ,0 0 0
J a n 1 1911
1 s t m o r t g a g e ............................J I n t e r e s t a t C h e m i c a l N a t . B a n k , N . Y . C i t y .
D I V I D E N D S . — 6 % p e r a n n u m Is b e in g p a i d o n p r e f e r r e d .
O n com m on .
In 1 9 0 0 , 6 % ; I n 1 9 0 1 , 6 % ; In 1 9 0 2 , 6 % ; in 1 9 0 3 . 6 % ; a ls o 16 2 - 3 % ( $ 2 5 0 , 0 0 0
In n e w s t o c k a t p a r o r I n c a s h ) d e c la r e d N o v . 1 9 0 3 ) , p a id J a n . 1 1 9 0 4 ; In
1 9 0 4 . 6 % ; I n 1 9 0 5 , 6 J * % ; 1 9 0 6 t o 1 9 1 0 I n c l . , 7 % p e r a n n u m ; In 1 9 1 1 . J a n . .
1 54 % •
E A R N I N G S . — F o r c a l. y e a r 19 0 9 , g ro s s , $ 5 7 5 ,8 2 2 : In 19 0 8 , g ro s s , $ 5 3 8 ,
788 ; 19 0 7 , g ro ss, $ 5 8 9 ,4 1 3 .
I n 1 9 0 6 . g ro s s, $ 5 6 7 ,2 7 3 .
R O A D . — C o n t r o ls a n d o p e r a t e s I n a l l 3 0 m ile s o f t r a c k , n a m e l y . T h i r d
S t r e e t L i n e , F i f t h S t r e e t L i n e , G r e e n L i n e , D a y t o n & S o ld i e r s ' H o m e
R y . a n d H a m m e r A v e . L in e ; g a u g e 4 f t . 8 14 In ; r a ils , 7 0 a n d 8 0 -lb . T a n d
7 0 a n d 9 0 - lb . g ir d e r ; o p e r a t i n g 4 2 G . E . 6 7 a n d 5 0 G . E . 8 0 0 m o t o r e q u i p
m e n ts : 1 0 0 m o t o r c a rs , 10 t r a ile r c a r s a n d 3 s p r in k le r s .
O F F I C E R S . — P r e s . , E . D . G r i m e s ; 1 s t V . - P . , C . B . C le g g - 2 d V - P
E . J . B a r n e y ; S e c ., R . R . D ic k e y ; G e n . S u p t . a n d P u r c h . A g t ., T . ’ e H o w e li’
O f f ic e , W e s t e r n a n d A u b u r n A v e n u e s , D a y t o n .— V . 8 3 , p . 1 5 9 0 .
*
D A Y T O N C O V IN G T O N & P I Q U A T R A C T I O N . — A t r o lle y ro a d .
O R G A N I Z A T I O N . — T h i s w a s f o r m e r ly k n o w n a s t h e D a y t o n & T r o y
T r a c t io n , b u t n a m e c h a n g e d to th e a b o v e ln A u g . 19 0 1
The D . & T
T r a c t i o n w a s I n c o r p o r a t e d I n O h io l n J a n . 1 9 0 0 t o b u i l d a s t r e e t r a i l w a y
fro m D a y to n to T r o y , b u t ro u te w a s c h a n g e d , a n d ro a d c o n s t ru c t e d fro m
D a y t o n t o C o v i n g t o n a n d P I q u a , a b o u t 3 8 m ile s .
C o m p a n y a c q u ir e d th e
r i g h t t o u s e t h e t r a c k s o f t h e P e o p le ’s R y . I n e n t e r i n g c i t y o f D a y t o n .
STOCK AN D BO N DS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
S t o c k a u t h , $ 6 0 0 , 0 0 0 ( $ 1 0 0 ) ................
...............
$ 6 0 0 ,0 0 0
P re f 5 % n -c , $ 5 5 0 ,0 0 0 ($ 1 0 0 )
.........
...............
5 5 0 ,0 0 0
'
1 s t m o rtg a g e , $ 5 5 0 ,0 0 0 g o ld ] 1 9 0 2
5 g A -0
4 5 0 ,0 0 0 A p r il 1 19 22
( $ 1 ,0 0 0 ) ................................. c * l i n t , a t O ld C o lo n y T r . C o . , B o s t o n , T r u s t e e .
2 d m o r t g a g e , $ 6 0 , 0 0 0 ..............................
6 g M -S
6 0 ,0 0 0 S e p t 1 1 9 1 9
B o n d s .— $ 1 0 0 ,0 0 0 1st m tg e . b o n d s a re r e s e rv e d f o r e x t e n s io n s a n d I m
p ro v e m e n ts ; 2 d m tg e . b o n d s a r e s u b je c t to c a ll o n a n y In t e re s t d a t e a t 1 0 5 .
E A R N I N G S . — F o r y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s , $ 1 1 8 , 2 0 3 ; n e t . $ 4 1 ,
202.
I n 19 09 , g ro ss. $ 1 0 8 ,2 5 1 ; n e t. $ 3 1 ,1 6 5 .
R O A D . — T o t a l t r a c k 3 8 m i le s .
S ta n d a rd g au g e.
7 0 - lb . T , 8 0 a n d 9 0 lb . g ir d e r r a ils .
10 p assen g er c a rs, 2 e x p re ss c a rs a n d 5 o th e r c a rs .
O F F I C E R S . — P r e s ., D . D w y e r ; V . - P . a n d G e n . M g r ., T h o s . T . R o b in s o n ;
S u p t ., T . J . B re n n a n .— V . 7 7 , p . 14 6 .
D A Y T O N & T R O Y E L E C T R I C R Y . — A t r o lle y ro a d .
O R G A N I Z A T I O N . — In c o rp o ra t e d in 1 9 0 0 .
I s b u ilt e n t ire ly o n p r iv a t e
rig h t o f w a y .
C o m p le t e d l n D e c . 1 9 0 1 .
R a l ls 7 0 - lb . T .
P o w e r h ou se
lo c a t e d a t T i p p e c a n o e C i t y , O h io .
S t o c k , $ 5 0 0 ,0 0 0 ($ 1 0 0 ) c o m m o n a n d
$ 5 0 0 ,0 0 0 ($ 1 0 0 ) p re fe rre d ; c u m u la t iv e 5 % .
N o b o n d s c o n t e m p la t e d .
In
M a y 1 9 0 2 t o o k o v e r t h e M ia m i V a l l e y R y . u n d e r a 9 9 - y e a r le a s e a t a r e n t a l
o f $ 9 , 6 0 0 p e r a n n u m , w h i c h Is a p p l i c a b le t o t h e s t o c k o f $ 3 0 0 , 0 0 0 , m o r t g a g e
h a v in g b e e n c a n c e l e d .
D i v i d e n d s .— O n t h e p r e f e r r e d s t o c k 5 % p e r a n n u m I s b e i n g p a i d .
On
c o m . , J a n . 1 1 9 0 4 , 2 % ; In 1 9 0 5 , 6 % ; l n 1 9 0 6 , 6 % ; l n 1 9 0 7 , 2 % , ln 1 9 0 8 ,
n o n e ; ln 1 9 0 9 , 5 % ; In 1 9 1 0 , 6 % .
’
’
E A R N I N G S . — F o r c a l. y e a r 1 9 1 0 , g ro s s, $ 2 8 2 ,0 2 9 ; n e t, $ 1 1 0 ,6 1 5 ; d e
d u c t io n s , $ 3 0 ,3 7 4 ; d iv s ., $ 5 5 ,0 0 0 ; s u r p lu s , $ 2 5 ,2 4 1 .
I n 19 09 . g ro ss. $ 2 0 5 6 79; n e t, $ 9 1 ,2 5 2 .
R O A D . — O w n s a n d o p e r a t e s 3 2 J4 m ile s o f t r a c k ( 1 0 J4 m ile s d o u b l e , 1 0 >4
m ile s s i n g le , 1 m i le s id in g s ) b e t w e e n D a y t o n a n d T r o y .
L e a s e s t h e M ia m i
V a l l e y I W . , e x t e n d i n g f r o m T r o y t o P I q u a a n d c o m p r is i n g 1 2 . 9 1 m ile s o f
tra ck .
T o t a l t r a c k , 4 5 . 1 6 m ile s .
O F F I C E R S . — P r e s . , H . P . C le g g ; V . - P . , C h a s . B . C le g g ; S e c . , T r e a s . a n d
G e n . M g r., R . A . C ru m e ; A u d ., F . S p ra g u e .
G e n . o f f ic e . D a y t o n . O .
— V . 76, p . 653, 751, 1029.
*
D A Y T O N & X E N I A T R A N S I T C O .— T r o lle y .
R e c e i v e r s h i p a n d F o r e c l o s u r e .— J u d g e T h o m p s o n In U . S . C o u r t a t C i n
c i n n a t i , M a r c h 1 2 1 9 0 8 , a p p o i n t e d C . J . F e r n e d l n g ( P r e s , o f r o a d ) r e c e iv e r .
R o a d s o ld u n d e r f o r e c lo s u r e o f 2 d m t g e . l n J u n e 1 9 0 9 a n d r e c e iv e r d i s
c h a rg e d ln D e c . 1 9 1 0 .
I s to b e re o r g a n iz e d a s t h e D a y t o n S p r in g f ie ld &
X e n ia S o u th e rn R y .
V . 89. p. 295.
R O A D — O w n s a n d o p e r a t e s 5 1 m ile s o f r o a d f r o m D a y t o n t o X e n i a , a n d
fro m D a y t o n t o S p r in g V a ll e y .
V . 88, p . 1560; V . 89, p . 2 9 5.
OAKW OOD
STREET
R Y . C O .— A
t r o l le y r o a d .
. O R , ^ . N I Z A T A °* N ','r«ri? 9 2 r p ?.ILa.t e ^ J u , y 2 2 1 8 7 0 I n O h i o .
F ra n ch is e e x
p ire s 1 9 4 1 .
I n O c t . 1 9 0 9 t h e O h i o S u p r e m e C o u r t h e ld t h e f r a n c h i s e v a l i d
o v e r t h e o b je c t io n s o f t h e C it y S o lic it o r .
S t o c k a u t h o r iz e d a n d o u t s t a n d
in g , $ 5 0 0 , 0 0 0 ( p a r $ 1 0 0 ) .
N o bonds.
O p e r a t e s 8 m ile s o f t r a c k In
su b u rb s of D a y to n .
S ta n d a rd g au g e.
P r e s , a n d T r e a s . , C h a r le s B . C le g g .
D a y to n ; S u p t ., H e n r y G e b h a rt, D a y t o n .
DELAWARE, OHIO.
C O L U M B U S M A G N E T IC S P R IN G S & N O R T H E R N R Y .
O R G A N I Z A T I O N . — I n c o r p o r a t e d I n O h io o n O c t 1 5 1 9 0 6 , a n d I s a
c o n s o li d a t i o n o f t h e D e la w a r e & M a g n e t i c S p r i n g s R y . a n d t h e R I c h w o o d
&
P r , v a t e r ig h t o f w a y e x c e p t In C it y o f R Ic h w o o d .
STOCK AN D BONDS—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
C o m m o n , $ 2 0 0 , 0 0 0 ( $ 1 0 0 ) _____ _______
_________
$130 000
P r e f , 6 % n - c , $ 2 0 0 . 0 0 0 ..................................................
1 0 0 0 0 0 ........................
C M S & N 1 s t M , $ 4 0 0 , 0 0 0 .g o ld 1 1 9 0 6
5 g M -N
2 5 0 ', 0 0 0 N o v * " l‘ i 9 3 i
($ 1 ,0 0 0 ), c a n n o t b e c a lle d . f ln t e r e s t a t C o lo n ia l T r u s t C o ., P it t s b u r g h
a n d n o s i n k i n g f u n d ___ c * j
T ru ste e .
E A R N I N G S . — F o r c a l. y e a r 1 9 1 0 , g ro s s, $ 2 0 ,8 0 7 ; n e t, a ft e r ta x e s $ 3 ,5 6 7
R O A D . — O p e r a t e s 1 8 m i le s o f t r a c k f r o m D e la w a r e t o M a g n e t i c S p r i n g s
a n d R Ic h w o o d .
O F F I C E R S . — P r e s ., W . M . G a lb r a it h ; P it t s .; V . - P . a n d T r e a s ., c .
M a g e e J r . , P i t t s . ; S e c . , H . E . B u c k , D e la w a r e , O . — V . 8 3 , p . 1 2 2 8 , 1 4 6 9 .
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M iV P O P T I I E E T X E S O F T H E
C O N TIN U A TIO N ON THE EAST
OF THE LINES OF THE
DENVER CITY TRAMWAY CO.
illI J I S
r
DENVER CITY TRAMWAY CO
D EN VER, COLORADO
DENISON, TEXAS.
o ^ ? £ FI£ ? RSv7~P.re8’ * W m - G- Evans; V .-P ., John A. Beeler; Sec. and
p i 0 4 4 Thos' Keely-— v - 82> p - 1437: v - 83- p - 36>' v - 8®. p - n o 3; v . »o,
ORGANIZATION.— Incorporated In Texas on Aug. 27 1900. Com
menccd operations May 1 1901. F r a n c h i s e s , 50 years In Denison and Sher
1
K
L
J
r amwaV Terminals Co.
man. Private right ol way between cities. Texas Trac. Co. holds an op
w n tin ii « I5 AT.ION-— Incorporated In Colorado Aug. 24 1910 to build a
t?rmlnal and a loop line for the Denver City Tram. Co. V. 91, p. 1160;
tlon on the securities of this company.
X,’ 02, P- 486• Entire stock Is owned by Denver City Tram. Co., which
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
A
m1na13 Co. bonds, principal and Interest.
Stock 5300,000 (5100)...............................................
5250.000 ................... ° ° qt?
First mortgage, 5350,000( 1902
5 J-J
310,000 July 1 1927 Stick 5500^000. .
° a teIn ter6 S t- ° Ut& n X ° n M a tu rU v '
(51.000) .......................... c*(Illinois Tr. & Sav. Bank, Chic., & VV. II.
In6
,!
f}*
3
0~0;066
gold]
1910 5'g M-'S
750,000 S e e 't e x t "
I Henkle. Trus. Int. at N. W. Harris & Co.
<5 *
- c ) Int •at Merc. Tr. Co., N. Y ., trus., & In Den.
Second mortgage, 550,000 f 1902
6 Q-J
50,000 July 1 1912
n *1? bonds are for improvements. They mature 560,000.
(51.000) ----------------------(Interest at Illinois Trust & Savings Bank,
onD30 days^ notice&CPt 1 1916‘ SubJe°t to call any Interest day at 1*5
l Chicago, and W. H. Henkle, Trustees.
B o n d s .— Interest payable In New York and Chicago.
First mortgage
OFFICERS.— Pres., John Evans; V.-P., Wm. G. Evans; Sec., A. C.
bonds are subject to call on July 1 1917, or after, at 105 and interest. A Montgomery;
Treas., F. G. Moffat.— V. 91, p. 1160.
s in k in g fu n d begins July 1 1905 of 2 % per annum of bonds outstanding until
1913, when amount payable Is 3 % per annum until 1017; from 1918 to 1922,
Inclusive, 4% per annum; 1923 to 1926 Inclusive. 5% per annum. 535,215
d erryTp a .
held in sinking fund July 1 1910.
y
* '
W E STM O R E LA N D COUN TY R A IL W A Y CO.
ROAD.—Operates 16 miles of track (8 miles between Denison and Sher
ORUA j ^ ? ATI.0 £f ’ 7rln?orp? rated In Pennsylvania on Dec. 27 1904. Is
man and 8 miles in the cities. Under agreement, cars of the Texas Traction
are operated over this company’s tracks. 60-lb., 70-lb. and 80-lb. T rails. Der^S°Street0 Ryf th6 BradenvlUe & Derry Street R y. and the Blalrsville A
Also owns 45-acre park situated midway between the two cities.
STOCK AND BONDS—
Date. Interest. Outstanding
\laturltu
L E A R N IN G S .— 12 months ending April 30 1010, gross, 5119,802; net, Stock 5500,000 (550).................................................
5500 0 0 0
A I a t u n ,v 533,925. In 1908-09, gross, 5110,432; net, 532,537.
First mortgage 5250,000 gold! 1905
5 g M-S
250,000 M c h 'l' 1 9 3 5
O F F IC E R S .— Pres, and Treas.. .1. P Crcrar; V.-P., John Crerar. Prin
(5100) ------------------------c*\Int. at East End. Sav. & Tr. Co. Pitts Tr
cipal office, Denison, Texas.— V. 81, p. 613; V. 88, p. 822.
BONDS.— No sinking fund and bonds are not subject to call
”
EARNINGS.— For year ending June 30 1908, gross, 542 870: net 110 803; Interest and taxes, 513,399; deficit, 52,596.
*
*
DENVER, COL.
ROAD.— Operates 7 miles of track.
THE DENVER & NORTHWESTERN R Y .—An electric road.
OFFICERS.— Pres.. Jo«. Keeling; Sec., A. P. Meyer; Treas., J G VllORGANIZATION.— Incorporated In Colorado In June 1901. Current sack, all of Pittsburgh; Supt., S. F. Schwartz, Derry.— V . 82, p. 50.
H furnished by Denver Trainway Power Co. F r a n c h is e In Denver run for
60 years; in Golden for 99 year ; upon and across county roads Is perpetual.
DES MOINES, IOWA.
Remainder (oomprl lng main mileage) Is over private right of way.
'
D E S M O IN E S C I T Y R A I L W A Y . — A trolley ro a d .
In May 1902 purchased stock of Denver City Tramway Co. See V. 74.
ORGANiZATKDN.— A consolidation In 1893 of the Des Moines Street
p.1038. Thl stock has been deposited as collateral under the new mtge.
R R . and the Des Moines Suburban Ry. Co. Is authorized to carry freight,
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
r ranchlses In Des Moines considered perpetual under a charter granted by
Stock 56,000,000 (5100).....................
Q-J10 56,000,000 Jan.’ 11, 2%
ojf Des Moines to Dr. M. P. Turner on Dec. 10 1866. On Nov. 21
First and collateral mortgage) 1002
5 g M-N
6,000,000 May 1 1032 $nP«cl,t2r
1905 the City Council passed a resolution directing the company to remove
I ? 1™?,?’000’000 (*500 and (Interest at Mercantile Trust Co.. New York. Its tracks from the streets. But on Feb. 27 1907 the U. S. Circuit Court
51 ,000 ).. — ------- ----- c*j Trustee; also office of company in Denver. at Des Moines,In an action brought by the company to restrain the city
B o n d s .— Can be called on any Interest day at 105 and Interest upon 90
from attempting to enforce this ordinance, held that the franchise of the
days n °Gc®- ° n Auk- 1 1907 whole Issue was called for payment Nov. 1 company
Is perpetual. V 84, p. 508. On May 17 1909 the U. S. Supreme
1907, but, the panic Intervening, the notice was rescinded.
Court reversed the decision of the Circuit Court, but did not decide the ques
EARNINGS.— Of combined system for years ending Dec. 31:
tion whether the franchise was perpetual. V. 88, p. 1313; V. 89. d 224.
S in k .F u n d
* F ix ed
On Dec. 2 1910 Judge Applegate at Adel dismissed the quo warranto suit to
. G ross.
N et.
P o w .B d s . C h a r g e s .
S u r p lu s .
eject the company from the city streets. V. 91, p. 1574. In Feb 1911 it
......................... 53.595.158 51.735,907
550,000 51,015.000 5670.073 was reported company had offered to sell Its $1,305,000 stock toth ecitv
J808.......................... 3,374,133 1,695,299
50,000
941,940 703 359 at 90 and accept In payment 4% city bonds.
3,152,568 1,637,326
40,086
900,549 696,691
1008--....................
Guarantees tne Interurban Ky. Co. bonds—prln. and Int. See below
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
* Fixed charges Include taxes and franchise payments
Common, 53,000,000 (5100).................................
51.055.000 . . .
D i v i d e n d s .--Prior to July 1909 dividends were at rate of 6% per annum. Pref 6% n-c, $250.000.........................................
250.000
.
In July 1909 dlv. was ncreased to 2% and same amount has^ been paid Des Moines StRR 1st M f
1889 6 g A-O
315,000 Oct 1 ’ l l to
quarterly since to and Including Jan. 1911.
y
gold. (51,000 e a c h )...........]
($25,000 due yearly)
Oct 1 1919
(American Tr. & Sav. Bk., Chicago, Trustee.
26; 25 ralles of track through former town of BerkeMoines Sub Ry 1st f 1890
6 g J-J
260.000 Jan 1912 to
m f n / n w C hV ofi D?n.y.er* . northwesterly through Arvada to coal- Des
mortgage, gold (51.000)
(520,000 due yearly)
Jan 1921
mlnlng town of Leyden, Including branch from Arvada to Golden. Gauge.
each)................................ c*lInterest at Chemical Nat. Bank. N. Y. City.
6 ' n; 75 a n d ,80-lb. T rail. 102 cars, of which 5 are motor freight,
' Trustee, Iowa Loan
& Trust, Drs Moines.
91 gondola, flat and dump freight cars, remainder miscellaneous.
Des Moines City Ry refund g 1901
5 g A-O 2,345.000
April 1 1921
OFFICERS.— Pre
S. M. Perry; 1st V .-P ., W. G. Evans; 2d V.-P. and
mortgage, $3,000,000, gold Interest at N. W . Harris & Co.. N Y City
Gen. Supt., John A. Beeler: Sec. and Treas., F. G. Moffat; Aud., VV. A.
($1.000).......................... c*
also Chicago. Trustees, Illinois Trust a
Doty.— V. 74. p. 1037; V. 85, p. 40. 1143; V. 90, p. 167.
Sav. Bk. and Wm. H. Henkle of Chicago.
Bonds.— Of the new mtge. bonds ot 1901, $882,000 were originally re
(1) Denver City Tramway Co.— (S e e M a p on P a g e 42.)— Electric.
In May 1902 Denver & Northwest Ry. obtained control, exchanging Its served to retire the underlying 6s then outstanding. Of the $2,345 000 5s
reported outstanding, $5,000 have been deposited with Illinois Trust &
securities for Denver City Tramway stock. See V. 74, p. 1038.
Bank to be held In lieu of $4,000 Des Moines City Ry. 6s stiU out
ORGANIZATION.— Chartered In Colorado In Jan. 1899 for 50 years. Savings
Ponds can be called on any Int. date at 106 and Int. Sinking fund becomes
Comprises the entire street railway system of Denver. Is owner by operative
510.000 yearly on April 1 from 1906 to 1910, $15 000
iurchase and con olldatlon, of following companies, formerly operating from 1911astofollows:
1915 and $25,000 from 1916 to 1920. The remaining bonds
n and about Denver: The Denver Electric & Cable R y., the Denver Tram
may
only
be
Issued
to
for 80% of cost of extensions, providing net earn
way Co., the South Denver Cable R y., the Denver Tramway Extension ings are 50% In excesspay
of Interest charges upon all bonds outstanding, in
Co., thei Denver Conolldatcd Tramway Co., the Metropolitan R y., the cluding
those to be Issued
Denver City Cable R y., the West End Street HR., the Denver City Trac
REPORT.— For calendar year 1910, gross, $1,082,726; net, $313,197.
tion Co. and the Coifax Electric Ry. Also own- entire stock of Denver
ROAD.— Operates 80 miles of track. Standard gauge. 45 to 85 lbs T
Tramway Power Co. and Denver Tramway Terminals Co.
and girder rails.
F r a n c h i s e s .— The general franchises under which The Denver City Tram
OFFICERS.—Pres.. George B. Hlppce; V.-P., H. H. Polk; Sec., N. T.
way Co operates Its lines within the City of Denver are: a franchise author Guernsey;
Mgr., A. G. Malsh.— V. 83. p. 751; V. 84, p. 508: V 86 o
's ‘” 2
to build, operate and maintain cable and electric railways, granted 546; V. 88, Gen.
p. 1313; V. 89, p. 224; V. 91, p. 1574.
F »o,™n„1885;p£?v.erlnKu?11 !ts present lines within the city— substantially
180 miles. This franchise Is without time limit, provides for 5-ccnt fares*
I N T E R U R B A N R Y — A trolley roa d .
for paving, &c. Also operates under a 20-year grant, voted by the tax
ORGANIZATION.— Incorporated In Iowa to construct a system of
paying electors of the city In May 1906, which authorizes It to maintain Interurban
roads connecting with Des Moines. The Des Moines City Ry.
three-rail tracks, gauges 3 ft. 6 In. and 4 ft. 8 H In. over all its present lines Co. guarantees
the bonds, prln. and Int.
•
within the city, and permits the construction of certain viaducts and exten
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
sions. See decision In V. 84, p. 220.
Stock. $1,200,000 ($100)......................................
$1,160,000 ...................
STOCK AND BONDS—
D a t e . I n t e r e s t . O u ts ta n d in g .
M a t u r it y
1st mortgage, sinking fund, 1901
5 g A-O
1,160,000 April 1 1921
Stock 520.000,000 (5100)................................ ......... 55,000,000 In 1 0 0 8 , 6 %
gold ($1,000), guaranteed Amer. Trust & Savings Bk., Chic., Trustee.
Denver Consol Tramw y co n sj
1803 5 g A-O
1,167,000
Oct 1 1 9 3 3
p. & L. by Des Moines City Interest nt N. W. Harris & Co., New York
mtge, 54,000.000. gold — lin t, at Mcrc.Tr. Co., N.Y . Tr. & In Denver
■7.................................... _c*J
_ . and Chicago.
Purchase money mtge gold!
1899 5 g A O
2,000,000 Apill l loin
B o n d s . — Other bonds may be Issued f o r acquisitions and extensions at
5 2 .0 0 0 ,0 0 0 ( 5 1 .0 0 0 <V5500)c*Untcrest at Central Trust Co.. N. Y
Trustee
not over 80 % of cost and at not over $16,000 per mile for new road, but only
1st & ref mtge, $25,000,000 gl
1908 5 M-N
4,720,000 Nov 1 1 9 3 3 when net earnings equal 1 H times all Int. charges on bonds out and those to
(5500 & 51,000)slnk fd .c*JInt. at Merc. Tr. Co., N. Y ., Tr. & In Denver. «S,lss.u£d.’ Bonds arc subj. to call at 105 and Int., when a s in k in g J u n d of
B o n d s . — The mortgage of 1899 is a first lien on the Denver City and
5% of bal. of annual net earns., after payment of all charges, becomes operatWest End properties and a lien on the Denver Consolidated Tramway >v®i and bonds so purchased are to be kept alive for purpose of the fund.
Junior to its existing mortgages, to remain outstanding and be assumed
EARNINGS.— For 12 months ending Dec. 31 1910, gross, $269,657:
Abstract of Denver Consolidated Tramways consolidated mortgage of net, 504,262; in 1909, gross, $229,152; net, $82,275.
1893. V. 52, p. 354. Of the first and refunding bonds of 1908 $1 0
ROAD.— Connects Des Moines and Colfax, 24 miles, Des Moines and
011,800 are reserved for prior Hens (Including the Denver Tramway Perry, with branch to Woodward. 38H miles, and also operates 10 miles In
Power bonds and the Denver & Northwestern bonds) and the remaining and around Des Moines; total, 72 H miles. Standard gauge; 60 and 70 lb
50,368,200 for additions and Improvements at 85% of actual cost no T rail. Cars enter Des Moines over tracks of Des Moines City Ry.
more than 5350,000 to be issued In any one year until the 56 000 000
OFFICERS. — Pres., 11. H. Polk; V.-P.. E. P. Smith; Sec., N. T. Guern
bonds of Denver & N. W.have been retlred.and thereafter only under cer sey; Treas., Geo. B. Hlppee.— V. 74, p. 680.
tain restrictions. See V. 88, p. 882; V. 90, p. 109; V. 92, p. i86. Bonds
are callable as a whole but not In part, except for sink. fd.. at 105 and int
DETROIT, MICH.
on any int day after 1913 up to Nov. 1 1923; thereafter at 102 Y, and Int'
D E T R O I T U N I T E D R A I L W A Y . — (S e e M a p p a g e 44.)— Trolley
on 60 days* notice. Sinking fund of 1% of bonds out begins Nov 1 1 9 1 4
until and Including Nov. 1 1923; thereafter 2% of bonds out.
ORGANIZATION.— Incorporated In Michigan Dec. 31 1900 and took
. HOAD.—Owns 200 miles of electric track.
Gauge, 3 ft. 6 in Prln- over franchises and properties of the Detroit Citizens’ Street R y., the Detroit
clpally 65 and 72-lb. rail. 423 cars, of which 277 motor passenger cars’ Electric R y., the Detroit Ft. Wayne & Belle Isle and the Detroit Suburban.
79 trail passenger cars and 67 miscellaneous.
* V. 72, p. 44, 183. Embraces all the street railway lines In Detroit.
Later absorbed by purchase the Detroit & Northwestern R y., which Is
IDENDS-— Dividends of 6% per annum have been paid on Denver
City Tramway tock lnce May 15 1902. Provlou- to 1902, 4% per annum known as the Orchard Lake division, the Detroit & Pontiac Ry.. known
w&n paid.
as the Pontiac division, the Wyandotte & Detroit River R y., known as the
OFFICERS.— Pres.. Wm. G. Evans; 1st V.-P., S. M. Perry; 2d V.-P. and Wyandotte division, and the Detroit & Flint, formerly the Detroit Roches
Gen. Man., John A. Beeler; Sec. and Treas., Thos. Kecly; Aud., W. A ter Romeo & Lake Orion Ry , and known as the Flint division. Owns en
tire capital stock (52,000,000) of the Detroit & Port Huron Shore Line
i r V ; ' ~ V ^ ' 0 2 , ' p . l i t ' . 685>882: V. 89, p.1596; V .9 0 .p .l0 9 ; V . O l .p .h o !
In Aug. 1901 purchased 2,970 shares (all) of the stock of the Sandwich
Windsor & Amherstburg Ry.; 180 shares (all) of the stock of the City Elec
(a) The Denver Tramway Power Co.
tric Ry. and the People’s Electric Light plant of Windsor, Ont.
ORGANIZATION — Incorporated In Colorado March 1901 and owns
In Feb. 1906 Issued 51,000.000 notes for the purpose of acquiring the
the electrical power plant and distributing system which supplies the cur
stock of the Detroit Monroe * Toledo Short Line Ry. V 82 d
rent for the operation of the Denver & Northwestern and the Denver City entire
392. These were paid off March 1 1909. V. 88, p. 563.
Tramway C o . a lines. Its property Is operated and maintained by the
In
Jan.
1907 company purchased control of the Detroit Ypsllant! Ann
Denver City Tramway Co. under lease. Its bonds are guaranteed, principal
&r£or, A , Jacks?u
lt e ,;(ac£ son Ann Arbor & Detroit Ry. and the
and interest, by the Denver City Tramway Co.
v
p
Detroit Plymouth & Northvllle R y .,and reorganized them under the name
D a te '
I n t e r e s t - O u ts ta n d in g
M a t u r it y .
of Detroit Jackson & Chicago Ry. V. 84, p. 450.
-----$500 000
Stock $500,000 ($100)---------- -------1909 granted permission to Issue In Jan. 1910
Ftrstlmprovmtge $1,500 000 ( 1903
5 g A-O
1,345,000 A'prH l'1923 $2,000,000 4 H% bonds, ln
to take up Indebtedness and for Improvements.
gold (81.000) guar p & 1— 1 1nt. at Internat. Trust Co.. Denver, trustee
(V. 89, p. 993). $480,000 of which have been Issued.
'
,
.
I or Guaranty Trust Co., New York
The United States Supreme Court on March 3 1902 decided that the
B o n d s .— Of the 1st Improv. mtge. bonds, 514.000 arc reserved for future
of 1889 comp< lUng the Citizens’ Street Ry. to sell 8 tickets for a
improvements at cost. Are subj. to call on any Int. date at 105 and Int ordinance
quarter was Invalid. (See V. 74. p. 528.)
A s!2% i.n o J u.n d of 550,000 p. a., to retire bonds at 105 and Int., commenced
On
Sept.
1910 Mich. Supreme Court refused to grant a re-hearlng from
In 1008, and 5141,000 have been retired. This Is also guar, by Denver City Its decision 28
that company must sell workingmen’s tickets at rate of 8 for a
Tramway. Interest payable In New York and Denver.
quarter within specified hours and within city limits as extended. V. 91.p.
PLANT.— Is operated by and furnishes all power for the Denver Tram 870.
way Co. Normal capacity of company’s plant, which Is situated on the
In July 1906 a proposed ordinance extending the company’s franchises
Platte River In Denver, Is 9,500 k. w. Owns 4 sub-stations, one of 1.500 until
Dec. 4 1924 was submitted to the City Council. See V. 83. p . 271
k. w.. two of 1,000 k. w. and one of 900 k. w. capacity.
1170, V. 84, p. 338. Ordinance, however, fell through. Question of
DENISON & SHERMAN R Y .—A trolley road.
f
valuation ot company’s property In connection with proposed new franchise
was In April 1910 submitted to a board of arbitration. V. 90,' p. 976, 1101.
On Nov. 13 1909 company decided to pay without contest the occupa
tion tax of $300 a day called for by Hally resolution of Oct. 20 1909. The
tax Is for privilege, after Nov. 14 1909, of operating cars In streets where
franchises have expired. Payment Is to be without waiver by company of
any of Its rights. V. 89, p. 1347. On Sept. 15 1910 city began an action
against the company to collect $200 per day occupation tax, in addition to
the $300 above. V. 91, p. 790.
On May 1 1907 the Supreme Court of Michigan decided that the city of
Detroit could not lay street railway tracks through Its Department of
Public Works (as attempted under an ordinance of the City Council passed
In 1905), to be leased, as supposed, to an operating company. V. 84,p .1052.
On April 25 1907 Judge Swan In the U. S. Court at Detroit granted an In
junction (which July 24 1907 was made permanent) restraining the city
from enforcing an ordinance seeking to compel the company to give 20
seconds’ service on some of Its lines. V. 84, p. 1052.
On July 23 1907 Judge Swan granted an Injunction restraining the city
from enacting an ordinance which provided that company can use patches
of line on which franchises arc said to have expired on condition only that
5 tickets be sold for 15 cents over entire lines or streets on which patches
He. V. 85, p. 345.
P r o p o s e d M u n i c i p a l P u r c h a s e . — On Feb. 1 1911 Mich. Supreme Court
handed down a decision holding that electors cannot legally vote (V. 91,
p.397) on the question of municipal ownership of street railways under the
so-called Moore plan until the charter Is revised or new legislation Is obtained
from State Legislature. V. 92, p. 322.
In Jan. 1911 a Montreal syndicate underwrote $1,500,000 first consol.
4 JijS to provide for lloattng debt, Ac. V. 91, p. 870, 945; V. 92, p. 59.
STOCK AND HONDS— D a t e . I n t e r e s t . O u ts ta n d in g .
M a tu r ity ,
Stock, $12,500,000 ($100)...............
Q-F
$12,500,000 Mar.'11,1 )^ %
1st consol mtgc, $25,000,000,(1902 4M f J - J 14,453,000 Jan 11932
gold ($ 1 ,0 0 0 ) .................c*(Guaranty Trust Co., N. Y ., Trustee.
„ <-Int. at Kean. Van Cortlandt A Co., N. Y.
Collateral trust gold notes] 1911
5%
1,500,000 Jan 1 1912
$1,500,000 ($1,000)--------- /Interest at Central Trust Co., Trustee.
Detroit United Ry. stock and bonds have been listed on the New York
Stock Exchange; also Detroit Citizens’ R y. consol. 5s.
B on ds.
Of the $25,000,000 first consolidated mortgage bonds authorized,
$8,880,000 are reserved to retire underlying liens and $1,667,000 are
reserved for acquiring new properties at the rate of 75% of cost, and
only available on a two-thirds vote of the stockholders. Entire Issue, or
any part thereof, Is subject to call at any time at 105 and Interest on 60
days notice. See V. 73, p. 1111. The coll, trust notes of 1911 are secured
by deposit of $1,880,000 1st consols, $325,000 other bonds of system and
$900,000 stock of Dct. A Pt. Huron Shore Line. Interest Is payable
Aug. 15 1911 and Jan. 1 1912. V. 92, p. 261.
D etroit E lectric
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity
Detroit Ry.1st m tge,g($l,000)/ 1895
5 g J -D
$ 1 ,8 0 0 , 0 0 0 Dec 11912
on 56.34 miles---------c*Ar] Int. at Cleveland Tr. Co., Trustee, to 1924
Detroit Electric con M, $2,-/ 1896 5 g J -D
1,000,000 June 1 1916
800,000, gold ($l,000)c*Ar]lnt. at Clevc. Tr. Co.. Trustee. As to Dec.
1897 Interest, see V. 65, p. 1219.
B o n d s . — First mortgage bonds of the Detroit Ry. numbered 1 to 600 ma
ture In order of numbers at $50,000 per annum, beginning Dec. 1 1912numbers 601 and above mature Dec. 1 1924. Detroit Electric consols for
$1,800,000 arc reserved to retire the first mtgc. bonds as they mature.
D etroit F ort W a y n e &
B elle Isle.
g ’ *1,200,000(1898 5 g A-O
$1,200,000 April 1 1928
($1,000)------------------- c* r (New York Trust Co., Trustee.
„
(.Subject to call at $105 and lnt. on 60 d.notice
Interest at Kean, Van Cortlandt & Co., New York.
D etroit &
Northw estern R y .
1st mtge, $1,000,000, gold] 1901 4 y2 g M-N
$855,000 May 1 1921
($100, $1,000)--------------c * j Interest at Union Trust Co., Detroit, Trustee
B o n d s . — Are guaranteed, principal and Interest, by the Detroit United
Py. by endorsement and are subject to call at 105 and Interest on 60 days’
notice after May 1 1911. See V. 73, p. 494.
U etroit &
P on tia c R y .
1st mortgage. $5)0.000. gold! 1897
5g F-A
$500,000 Feb 11922
($1,000)___ _
____c * (Washington Trust Co., N. Y. .Trustee.
JInterest at People’s State Bank, Detroit,
1st con mtgc, g ($1,000),] 1901 4 ! j g J-D
600,000 June 1 1926
$ 1 , 1 0 0 ,0 0 1 ) ........ ....... c*A r/In t. at Washington Trust Co., N. Y ., Trustee
B o n d s . —$500,000 consolidated mt 'C. 4 (j % bonds are reserved to retire
like amount of 1st mtge. bonds. Bonds are subject to call at 105 and Inter
est on 60 days’ notice after June 1 1911. Principal and Interest of both
issues guaranteed by Detroit United by endorsement.
W yandotte &
D etroit R iv er R y .
1st consol
M, $425,0001 1898
5
g
J-D $425,000
($1,000), gold--------------c*/Intcrest at Union Trust Co., Detroit, Trustee.
_
.
.
D e tro it & F lin t R a il w a y .
The Detroit A Flint Ry. was organized to acquire the Detroit Rochester
Romeo A Lake Orion, together with the Nor. Det. Elec. Ry. and the Dct.
Utica A Romeo Ry. The consol, mtgc. Is a 1st lien on these last two prop’s.
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
D R R & L O Ry 1st mtge.l 1900
5
g
J-D$1,100,000
sinking fund, gold ($1,000), (Interest at American Trust & Savings Bank.
$1,500,000; unissued bonds| Chicago, Trustee; also Guaranty Trust
have been canceled____ c*j Co., New York.
Detroit A Flint 1st consol M,\ 1901
5 g F-A
$1,400,000 Aug 11921
g, $3,000,000 ($ l,000 )._c*/In t. at Tr. Co. of America, N. Y ., Trustee.
B o n d s . — O t the consolidated mtge., $1,100,000 are reserved to retire
bonds of like amount of the D. R. R. A Lake O. Ry. and $500,000 have been
canceled. Consolidated bonds are subject to call at 100 and Interest after
Aug. 1 1911 on 60 days’ notice. Both Issues are guaranteed by the Detroit
United Ry.; see form of guaranty In V. 76, p. 1300; as “ additional collateral
security” on the Flint bonds 1st consol. 4 Ml % bonds of the Detroit United
are deposited, $ for $, with the Guaranty Trust Co. of New York, and would
be available In the event of default on the Detroit A Flint bonds.
REPORT. —Annual report of the Detroit United Ry. for the year ending
Dec. 31 1910 was published in V. 92, p. 455.
D etroit U n ited R y . . R a p id R y . S y s ., S a n d w . W i n d . & A m h e r s t b . R y . ,D c t
M o n r o e & Tol. S h . L i n e R y . a n d D c t . J a c k . & C h i c ,
1910.
1909.
. . . 165,920,753 142,981,316
. . . 48,237,720 41,629,844
. . $9,345,219 $8,047,555
. . . 5,981,065
5,042,724
. . . $3,364,154
...
152,768
Income from other sources................
$3,004,831
144,833
. . $3,516,922
$3,149,664
D e d u c tio n s -
Interest and
Dividends___
1908.
64|957
$1,880,129
$2,030,622 *1,880,129
•$1,269,535
arc Included In operating expenses In 1908.
* In 1910 $400,000 of above surplus was charged oir for depreciation and
$100,000 for contingent liabilities; In 1909 same amounts respectively; in
1908 $300,000 was charged oir for depreciation and $50,000 for contingent
liabilities.
DIVIDENDS.— First dividend of 1 % on Detroit United stock was paid
March 1 1901 and 1% quarterly thereafter until Aug. 1 1905. when rate
was raised to 1 H % quarterly. On Nov 1 1905 1 %■ In 1906 5% . in
1907, Feb., i y i % ; May, l ' A % ; Aug., l ' A . % . None to Mch. 1911, when
1 H % was paid.
ROAD.— On Jan. 1 1911 operated 758.638 miles of track, as follows:
Detroit United, including Wyandotte A Detroit River Ity., Detroit A
Northwestern, Detroit A Pontiac, Detroit A Flint, 412.73 miles; Detroit A
Port Huron Shore Line, 128.34 miles; Sandwich Windsor A Amherstburg
Ry., 36.06 miles; Detroit Monroe A Toledo Short Line, 75.89 miles; Detroit
Jackson A Chicago Ry.. 105.62 miles. Ralls. 77, 85 and 98-lb. stec . Docs
an express service. Mas 1 ,079 closed passenger cars, 304 open passenger cars,
229 freight and construction cars, 34 line cars, 51 express cars, 11 mlscel
lancous cars, 2 locomotives, 3,023 motors and 2,339 trucks. There are 11
power-houses, with a combined capacity of 45,000 h. p., 2 storage batteries
with a combined capacity of 4,500 amperes and 22 sub-stations with a
combined capacity of 18,850 k. w.
N o t e .— Taxes
„ ° F£ I(<ER,? ’~ Pr5 ?- J- c Hutchins, Detroit; V .-P .’s, Arthur Pack, De
troit, E. W . Moore, Cleveland, and A. J. Ferguson. Montreal: Treas., George
II. Russel, Detroit; Sec., A. E. Peters, Detroit; Gen. Mgr., F. W . Brooks,
P.ei ^P iV ,r9S ner^ , .oftlccs• 12 Woodward Ave.. Detroit.— V. 88, p. 158, 374,
^n5’
6-^V^
0K’p,V.
? 9^
90> 186,
p - 372790. 5o
870,
945;
92,1347:Vp. 59, 118,
261, 445’
322, 976>
394, 455. V. 91. p. 397,
(1) Detroit & Port Huron Shore Line Ry,— A trolley road.
Ehtlre xTHtrlftn&x? caP,tal st°ck Is now owned by the Detroit United R y.
,v.P S G^ I^ , TION^ ~ IPeorPPrated ,n
l 000- Is a consolidation of
the Rapid Railway Co., the Detroit Mt. Clemens & Marine City R y. (the
purchaser of tlm properties of the Mt. Clemens & Lakeside Traction Co. and
the Detroit A River St. Clair R y .), the Port Huron St. Clair A Marine City
5,y ” . Jhe Connors Creek A Clinton River Plank Road Co. and the City
Electric Ry. of Port Huron. The new company owns the capital stock of
each road. The consolidated company operates all the tracks In Mt. Clem
ens and Port Huron, and the through route from Detroit to Port Huron
running through Mt. Clemens, New Baltimore, Algonac Marine City and
St. Clair. Also owns the capital stock of the Detroit A Lake St. Clair R y.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
$2,000,000
Stock, $2,500,000 ($100).......................................
1st mtge, $2,500,000 ($1,000)1 1900
5 g J-J
1,717,000 Jan 11950
cannot be called, gold c*Ar(Unlon Trust Co., Detroit, Trustee.
JInt. at American Exch. Nat. Bank, N. Y.
B o n d s . — Of the new 1st mortgage, $783,000 Is set aside to retire under
lying liens (namely the bonds of the Rapid Railway and of the City Electric
Ry. and the Port Huron St. Clair A Marine City R y ,). Of the $1,717,000
bonds reported outstanding, $125,000 were on Dec. 31 1910 held In the
treasury of the Detroit United.
Rapid Railway.
BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
1st
mortgage,
$300,000,1 1895 5 M-S
$300,000 May 1 1915
($1.000)---------------------- c*/ Int. at Finance Co. of Penna., Phlla., Trustee
1st Consolidated mortgage,] 1896 5 g M-N
$300,000 May 1 1916
$600,000 (g o ld )-----------c * /ln t. at Finance Co. of Penna., Phlla., 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).
BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
1st
mortgage, $200,000,f 1893 6 g M-S
$180,000 Mar. 1 1913
gold, $1,000---------------------(Subject to call at 105 and Int.
lint, at Hanover National Bank, N. Y . City.
B o n d s .— The mortgage trustee Is the Union Trust Company of Detroit.
Port Huron St. Clair & Marine City Railway.
BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
1st mortgage, g., $300,0001
1900 5 M-S
$3,000 Mar. 1 1920
($500 and $1.000).............../Union Trust Co., Detroit, Trustee.
The remaining $297,000 bonds have been canceled.
Detroit & Lake St. Clair Ry. Co.
BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
1st mortgage, $400,000 gold]
1900 5 g A-O
$390,000 Apr. 1 1920
($1,000) -------------------- c*/lnterest at Union Trust Co.. Detroit, Trustee
B o n d s . — The bonds are guaranteed, principal and Interest, by the Detroit
A Port Huron Shore Line R y., the Rapid Railway Co. and the Detroit Mt.
Clemens A Marine City Ry. They are not subject to call. Of the $390,000
reported outstanding, $100,000 were held by the Dct. Unit. Dec.31 1910.
ROAD.—Total Det. A Port Huron System, 127.38 miles.
EARNINGS.— Now Included In report of Detroit United R y,— V . 77, p.
134;V. 8 4 .p. 338.
(2) Sandwich Windsor & Amherstberg R y.—Trolley.
ORGANIZATION.— Incorporated under special charter from Province
of Ontario. Owns entire capital stock ($100,000) of the Windsor A Tecumseh Electric Ry. Entire stock of Sdw. Winds. A Amh. is owned by Det. Un.
STOCK AND BONDS— D a te .
In terest.
O u ts ta n d in g .
M a tu r ity . D lv ’d
Stock. $350,000 ($100).............................. $297,000 July 31 1902, 2 H %
Consol Mtge., $600,000) 1902 4 M g J-D
490,000
Dec. 1,1922
gold ($1,000).........c*/Natlonal Trust Co., Ltd., Toronto. Trustee.
Wind A Tec El $300,000] 1907
5 g M-S 2
189,000
Sept 2 1927
g ($1,000) gu p A l .c ’ /Natlonal Trust Co., Ltd., Toronto, Trustee.
B o n d s . — S. W. A Amh. bonds are subj. to call after Dec. 1 1912 at 105.
Windsor A Tecum, bonds are guar., p. A 1., by Sand. Windsor A Amherstb.
Ry. They are red. on and after Sept. 2 1917 at 105 and Int. on 60 days’
notice. Interest on both mortgages Is payable at company’s office.
ROAD.— Operates 36.06 miles of track In and between Windsor, Walkervlllc, Sandwich and Amherstburg. Including City Ry. of Windsor (2.52
miles,) operated underlease.—V. 75, p. 1303, 1400.
(3) Detroit Monroe & Toledo Short Line Ry.
In
Feb.. ’06 11918
entire stock was acquired by Det. Unit. Ry. V 82. p. 392.
Dec
ORGANIZATION.— Incorporated In Michigan on December 11 1902.
STOCKS AND BONDS— D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, $3,000,000 ................... . . ...........................$2,581,000
...................
1st mortgage, $3,000,000,1 1903
5 g J-J
2,581,000 Jan. 1 1933
gold ($1,000)...............-c * / Union Trust Co.. Detroit. Trustee.
B o n d s . — Interest Is payable In New York.
No sinking fund and bonds
are not subject to call. Of the $2,581,000 reported outstanding above
June were on
1 1920
$97,000
Dec. 31 1910 In the Detroit United treasury.
ROAD.— Operates 50 miles of road from Toledo to Detroit and 4 miles of
road from Monroe to Lake Erie; completed Nov. 5 1904. At Toledo con
nection Is made with the Lake Shore Electric Ry. for Cleveland. Is of
steam road construction, on private right of way; standard gauge, laid with
70-lb. T-ralls. Total track, 74.72 miles.— V. 79, p. 2455; V. 82. p. 392.
(4) Detroit Jackson & Chicago Ry.
ORGANIZATION.— A holding co. organized In Mich. In 1907 by Detroit
United Interests to take over the Det. Ypsll. Ann Arbor A Jack. Ry., the
Jack. Ann Arbor A Det. Ry. and the Det. Plym. A Northvllle Ry., paying
therefor $1,230,000. Entire stock owned by Detroit United Ry.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y .
Stock, $25,000 ($100)________ ___
____
$25,000
lStconsM , $4,000,000 ($1,000) (1907
5 g F-A
1.395,000 Feb 1 1937
g o ld ------------------------------ c*1 Int. at Security Trust C o . , Detroit. Trustee.
BONDS.— Bonds are subject to call on any Interest day at 105 and in
terest. Guaranteed, p. A L, by the Detroit United Rys.: enough bonds are
reserved to retire bonded debt of the Det. Yps. Ann Ar. A Jack. Ry. V.85,
p. 345. Of the amount reported outstanding, $515,000 were on Deo. 31
1910 In the Detroit United treasury.
(a) Detroit Ypsilanti Ann Arbor & Jackson Ry.
ORGANIZATION.—-Organized In Michigan In 1901; absorbed by pur
chase the Detroit Ypsilanti A Ann Arbor Ry. and the Ypsilanti A Saline
Electric Ity. Franchises which are not perpetual expire In 1927
STOCK AND BONDS—
D a te .
in ter e s t.
O u ts ta n d in g .
M a tu r ity .
Stock.com . ($ 2,60 0.00 0).........................................$2,600,000
.................1st consol. M., $2,600,000] 1901
5 g F-A
1,610,000 Feb. 11926
$500 ($1,000), gold — c*/ln t. at Detroit Trust Co., Detroit, Trustee.
Det. Yp. A Ann Ar. 1st M.] 1897
6 g M-N
600.000 Nov. 1 1917
($600,000), g.
$500 o r ( Interest at Union Trust Co., Detroit. Trustee
$1,000 e a c h )__________
Det Yps A Ann Ar cons 1st Ml 1899
6 g F-A
330,000 Feb 1 1924
$ 1 ,0 0 0 , 0 0 0 g ($500 A $l,-(Interest at Union Trust Co., Detroit, Trustee.
000) sinking fund annually/
Yp. A Saline 1st M............................
6 J-J
60,000 July 1 1919
Of the new 1st mortgage of $2,600,000, $990,000 are reserved for under
lying Hens. First consols cannot be called. See V. 75. p. 666
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. Total track, 105.49 miles;
Ralls 70 and 75-ib. T and girder. Does a freight business.— V. 79, p. 269.
V. 81. p. 1723; V. 84, p. 51, 450.
DOYLESTOWN, PA.
PHILADELPHIA & EASTON ELECTRIC RY. CO.— A trolley road.T
ORGANIZATION.— Organized in 1907 as successor to the Philadelphia
A Easton Ry. (formerly the Doylestown A Easton Street R y .). sold at
trustee’s sale May 31 1907.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Common $265,000 ($50).................................. $258,8"5 __________________
Pref $365,000 5% n o n -c u m ..------ • _______
354,800 ......... ..........
1st mtge $1,000,000 ($1,000,1 1907 • 4-5 g M-S
911,000 Sept 1 1927
$500 and $100) gold___ c*/Intcrest at Girard Trust Co., Phlla., Trustee.
• STOCK.— Preferred shares have no voting power.
V o t i n g T r u s t e e s .— William Pearson, Harrisburg; John B. Myers, Lan
oaster; L. B. Hillard, Wilkes-Barre; Franklin Matthews, Philadelphia;
Godfrey Shmldhelser, Philadelphia.
.
, ,,
B o n d s .— The new $1,000,000 bonds are not subject to call and no sinking
fund. Interest Is 4% to Sept. 1 1911 and 5% thereafter.
EARNINGS.— For year ending Dec. 31 1910, gross, $99,034.
ROAD.— Operates 31 miles of road between Doylestown and Easton.
Operates 8 cars. An extension to Lansdale, 10 miles, is proposed.
O FF IC E R S— Pres., A . II. Slckler, Phlla.; Sec., W. S. Chambers,
Doylestown; Treas., H. G. Rush, Lancaster; Gen. Mgr., M. H. Bochow,
Doylestown.— V. 85, p. 470.
_______
DU BOIS, PA.
DU BOIS ELECTRIC & TRACTION CO.— A trolley road and electric
lighting plant
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 Bols Electric Co. and the Du Bols Traction Co. V.
7 6 , p. 972.
The United Traction Street Ry. (which Is a consolidation
In 1908 of the United Trac. St. Ry. and United Trac. Extension St. RR.)
with $200,000 of 5% bonds and $200,000 stock, which operates a lino 14
miles from DuBols to Sykesvlllc and Big Run, Is controlled and owned by
same Interest^ that control the DuBols El. & Tr. Co. Franchises for both
street railway and electric lighting are perpetual and exclusive.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, $300,000 ($100)-.........- ............................... $300,000
...................
Coll. tr. mtge, $300,000) 1902
5 g M-N
297,000 May 1 1932
($500), gold__________ c '/I n t . at Knickerbocker Tr. Co., N. Y. Trust.
B o n d s .— No s. f., but subject to call at any time at 105 and lnt.
EARNINGS.— For year ending Dec.31 1910,gross, $75,433; net, $35,331;
Used charges, $17,000; surplus; $18,331.
ROAD.— Operates 19 miles (including United Trac. St. Ry.) In DuBols,
and extensions to Fall Creek, Sykesvlllc and to Big Run, where connection
Is made with tracks of the Jefferson Traction Co. Standard gauge; CO and
70-lb. girder and T rail.
OFFICERS.— Pres., Austin Blakeslee: V.-P., J. E. Merrls; Sec., J. H.
Crlssinan; Treas., B. B. McCrelght, all of Du Bols.— V. 89, p. 1667.
DUBUQUE, IOWA
UNION ELECTRIC CO. IN IOWA.— Trolley.
ORGANIZATION.— Incorporated In Iowa In 1900 as a consolidation of
the Home Electric Co., the Dubuque Street Ry. and the Star Electric Co.,
which constitute the entire electric light and street railway properties of the
*lty of Dubuque. Iowa. F r a n c h is e s mature 1927.
STOCK AND BONDS —
D a te . I n te r e s t.
O u ts ta n d in g . M a t u r i t y .
Common, $750,000 ($ 1 0 0 )____
$855,000 . . .
.
Pref., $750,000 ($100) 6% c u m ----6%
727,000 Oct ’10. H
1st mtge., $980,000, gold.l 1904 5 g M-N
620.000 May 1 1924
($1,000) . . . --------------- c*/Int. at III. Tr. & Sav. Bk., Chicago, Trustee.
Remaining $330,000 bonds reserved for 80% of cost of extensions and
Improvements; but only In event of Increase of stock, and then to only twothirds of such Increase, but In no case to be made earlier than two years
from date of bonds. Bonds subject to call at 105 and lnt. S i n k i n g J u n d
of $15,000 per annum began April 30 1908. $30,000 have been retired.
D iv i d e n d s .— First dividend on pref., >4%, June 1 1907, and
has
been paid monthly up to and Including Oct. 1910.
EARNINGS.— For calendar year 1909, gross, $357,905; net, after taxes,
$128,183; lnt. and sink, fund, $46,575: dlvs., $43,620; surplus, $37,988;
1908, gross, $323,319; net after taxes, $117,351.
R OAD.—Owns and operates about 17 ^ miles of track on 14 14 miles of
street In Dubuque, West Dubuque and to Union and Nutwood parks, and
has contract with the city for supplying electric lights.
OFFICERS.— Pres , F. D. Stout, Chicago; V .-P ., D. D. Myers; Sec. and
Treas . J. R. Lindsay;, Railway Exchange. Chicago; Gen. Man., L .D .
Mathes.— V. 71, p. 2613; V. 84. p. 1583- V. 86. p. 983.
DULUTH, MINN.
with the Ohio River Pass. R y. By traffic agreements with these two com
panies operates a through Hue between Steubenville, O., and Beaver,Pa.,
Will eventually reach Rochester, Pa.
OFFICERS.— Pres. & Treas., Edward McDonnell, East Liverpool; V.-P
C. A. Smith, East Liverpool; Sec., Geo. H. Faulk: Gen. Mgr.. W R W .
Grlff'n.— V. 81, p. 1791; V. 82, p. 804; V. 90. p. 1490.
ST E U B E N V IL L E
&
EAST
L IV E R P O O L
R A IL W A Y
&
L IG H T
CO.
ORGANIZATION.— Incorporated In Ohio April 1906 as successor to
the Steubenville Traction & Light Co., which In Jan. 1901 had taken over
the Steubenville Gas & Electric Co. and the Steubenville Traction Co.
Owns the Pleasant Heights line. Light franchises perpetual; street rail
way franchises expire 1925 to 1928. Bonds listed on the Philadelphia
Stock Exchange.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $3.000,000............................
.............
$3,000,000 ...................
First mortgage, $3,000,000/ 1907
5 J-J
1,860,000
1912
($1,000), g o ld __________ cl lnt. at Commercial Trust Co., Phil., Trustee.
Steuben Tract & Lt 1st mtge,] ___
5 g M-N
790,000 May 1 1926
$1,000,000 ($1,000), g -.c * lln t at Metropolitan Trust Co.. N .Y ., Trus.
B o n d s . — Of the new $3,000,000 bonds, $790,000 are reserved to retire
prior liens and $350,000 are In the treasury of the company. Cannot be
called.
ROAD.— Operates 19 miles of double-track road between Steubenville
and Wellsvllle. 85-lb. rail. 13 closed and 16 open cars. Also electrlollght and gas plants and pleasure park of 85 acres.
OFFICERS.— Pres. & Treas., Edw. McDonnell; Sec., Geo. H. Faulk;
Gen. Mgr., W. R. W. Griffin.
EASTON, PA.
EASTON
C O N SO LID A TE D
E L E C TR IC .
On May 1 1904 lease to Lehigh Valley Traction was canceled by rentals
being in default. See V. 78, p. 1446, 1781. In June 1904 a further Install
ment of $5 per share was called on stock. V. 78, p. 2011, 2442. Dividend
payments have been: July 1900, 3 H % on $10 paid In; Sept. 1901 and
March and Sept. 1902, 3 % on $15 paid In; March 1903 (paid In July) and
Sept. 1903, 4 % on $15 paid In.
In Dec. 1905 declared a dividend of $2 50, and at same time called an
assessment of $5 per share on the stock; the dividend was credited on the
assessment, making the stock 50% paid In. V 81. p. 1791. Cash divi
dends resumed In Oct. 1906 by the payment of 2 )4 % . V. 83, p. 687.
2 J4% again paid April 1 1907 and 2H % Oct. 1 1907; none since.
ORGANIZATION.— Consolidation by stock ownership of the Easton
Transit Co., the Edison Illuminating Co. of Easton, the Easton Palmer &
Bethlehem Street Ry. Co., the Easton & Bethlehem Transit Co., Northamp
ton Central Street Ry. Co. and the Easton & South Bethlehem Transit Co.
Incorporated In New Jersey March 11 1899. Owns all the stock of the Penn.
Motor Co.
C o n s o lid a tio n o f S u b s id i a r i e s . — On Jan. 3 1908 the (old) Easton Transit
Co., the Easton & Bethlehem Transit Co., the Easton Palmer & Bethlehem
Street Ry. and the Northampton Central Street Ry. were merged Into the
(new) Easton Transit Co. (V. 85, p. 1461), and In 1909 the Easton & South
Ilethlehem Trans. Co. was also merged Into the (new) Easton Transit Co.
Stock, $2,150,000; all owned by Easton Consolidated Elec.
STOCK AND BONDS.— Both the stock and the collateral trust 5s were
In Jan. 1900 listed on the Philadelphia Stock Exchange.
D a te .
I n te re s t.
O u ts ta n d in g .
M a tu r ity .
Stock $1,500,000 (par $50)....................................... 50% p d. In Oct ’07, 2 >4
Collateral trust $1,300,000 g/ 1899
5 g M-N
1,240,000 May 1 1949
($1,000 and $500)--------- c*l Interest at Girard Trust Co., Phlla., Trustee.
Pennsylvania Motor Co 1st Mf 1891
6 A-O
60,000 April 1 1941
(cannot be called)...............ILack. Tr. & Safe Dep. Co.. Scranton, Trust.
Eas Pal So Beth Elec 1st gold/ 1898
6 J-J
200,000 Jan. 1 1919
$200,000. cannot be called! Int. at U. S. Mtge. & Trust Co., N. Y .. Trust.
Eas & So Beth Tr 1st M $500,-/ 1906
5 g J-J
461,000 July 11936
000 guar gold ($1,000) ..c*(Glrard Trust Co., Philadelphia, Trustee.
B o n d s . —The coll, bonds have no s. f. and are not sub), to call.
Of the
total of $1,300,000, $60,000 Is reserved to retire the Penn. Motor bonds.
Issue Is secured by a pledge of $2,150,000 stock (the entire Issue) of the
(new) Easton Transit Co.. 12,322 shares (entire Issue) of Edison Iliumstock, and 2,400 shares (the entire Issue) of Penn Motor stock. Int. on
Easton & So. Beth. Transit bonds Is payable at office of Edw. B. Smith &
Co., Phlla., or at company’s office. They are guar., p. & 1., by end. by the
Easton Consol Elec. A s in k in g f u n d of $5,000 p. a. commenced Juno 1
1908; $15,000 have been retired. Bonds are subj. to call after July 1 1911
at 105 and lnt. V. 83, p. 323.
REPORT.— For calendar years:
DULUTH— SUPERIOR TRACTION.— Trolley.
ORGANIZATION.— Incorporated In Connecticut In 1900. Owns entire
stock of the Duluth Street R y., the Lakeside Street Ry. and the Super
ior Rapid Transit. The corporate existence of the Duluth Street R y .
is maintained, but all of Its stock ($2,000 000 authorized. $1,800 000 out
standing) Is held by the Duluth-Superior Traction. This latter company
has no bonded debt. The Duluth Street Ry. was organized under Act
of Minnesota approved Nov. 17 1881 and possesses "an exclusive franchise”
which runs until 1931. See decision with regard to franchises In Superior
In V 80. p. 1911. The Duluth-Superior Bridge at West Superior Is used by C a l.
G ro ss E a r n
N e t I n c . N e t I n c . T o ta l E . B o n d
E x p .&
B a la n c e
the railway but Is a separate corporation, and has Issued first mortgage Y e a r —
E . T r a n . E .T r .C o . E d .I l l.C o . C o n .E l . I n te re s t. T a x e s .
Jor Y ea r.
bonds tor $650,000 and second mortgage bonds for $300,000— see bridge 1909 ------$352,408 $72,193 $28,302$100,495 $61,850 $8,215 sur.$30,430
Items. V. 63. p. 310, 504
In 1903 entered Into contract with the Great
------ 330,231
43,714 26,549
70,263 61,850 12,302 def. 3,889
Northern Power Co. to supply sufficient power to operate the street rail 1908
ROAD.— Embraces practically the entire street railway system of Easton,
ways In both cities. Power was being delivered In 1908. In May 1910 and
West
Easton,
Pa.,
and
Phlllpsburg,
N. J., with lines from Easton to
Wisconsin RR. Comm, sanctioned the creation of a $2,500,000 mtge. by Bethlehem, South Bethlehem and Nazareth;
total track, 53.787 miles.
Duluth Street Ry. V. 90, p. 1296: V. 91, p. 276.
By
arrangements
with
Lehigh
Valley
Transit
Co. operates through cars
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y .
from Easton to Bethlehem. 101 cars.
Common, $3,500,000 ( $ 1 0 0 ) - - ____
Q-J$3,500,000 April 1,1 M%
OFFICERS.— Pres., Jos. S. Lovering. Franklin Bank Bldg., Phlla.: 1st
Pref.4 % cum. $1.500,000 ($100)-----Q-J
1,500,000 Apr’ l 1. 1 % V.-P.,
S. II. Hackett; 2d V.-P., II. R. Fchr; Seo. & Treas., F. A. Ilazzard;
Duluth St. Ry. M., $2,500,0001 1900
5 g M&N
2,500,000 May 11930 Asst.
Sec. & Treas., S. II. Sargent.— V 84, p. 450, 693, 1307; V. 85, p. 283,
gold ($1 0 0 0 ) ___ „ ____ c*/In t. at Cent. Trust Co., N Y .. Trustee. 464, 1461, 1518; V. 86, p. 602; V. 87, p. 226; V. 88, p. 685; V. 90, p. 697.
Dul St R y gen M $2,500,000,1 1910 5 M-N
300,000
May 1 1930
gold ($1,000) sk-fd_____c ’ JInt. at Central Tr. Co., N. Y ., Trustee.
P E N N S Y L V A N IA -N E W J E R S E y" r A IL W A Y S .
S t o c k .— Both com. and pref. Is listed on N. Y. Stock Exch.
V. 90, p. 848.
ORGANIZATION.— Incorp. In Delaware In 1910 to hold stocks of
B o n d s .— The mtge. of 1900 covers all the mileage of the Duluth Street Ry.,
the Northampton Traction Co. and the Easton & Wash. Trac. Co., for
the property of the Lakeside fit. Ry. and of the Superior Rapid Transit which Its own stock has been exchanged. The traction companies preserve
having first been conveyed to the Duluth St. R y. The gen. mtge. bonds are their separate corporate existence and have united In authorizing the mtge.
subj. to call on any lnt. day at 105 and lnt. Remaining bonds may be of 1910 given below. These bonds are a Joint and several obligation of the
Issued for additions, extern; onj, & o . The are guar., p. & 1., by Dul.-Sup. two traction companies, and not of the holding company, which has no
Tract. Co. V. 92, p. 186.
debt of Its ovrn. V. 91, p. 589.
D iv i d e n d s .— On the pref. stock 4% p. a. Is being paid.
On com., 1st dlv. bonded
STOCK AND BONDS.
D a le .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
— 1%— Oct. 1909. Same amount quar. to and Including July 1910; In Oct. Common $5,000,000 ($100)....................................... - ............................ ........
1910, I H % .
In 1911, Jan., 1 H % : Apr. ,1M % Pref
5%
$500,000
($100)..........................................
500,000
...................
ROAD.— The system embraces 77.09 miles of track and Includes all the Joint mtge $5,000,000 seel 1910 5 M-N
550,000 May 1 1950
lines In Duluth and Superior. 100 cars.
text ($100, $500 & $1,000)/Bankers Trust Co., N Y ., trustee.
LATEST EARNINGS.— For 11 mos. end. Nov. 30 1910, gross, $996,316; Northampton Traction 1st M( 1903 5 g J-J
350,000 Jan 1 1933
*et, $437,476; lnt. A taxes. $171,715; dlvs., $55,000; surplus, $210,761.
$400,000 gold__________ c* Jlnt. at Northampton Tr. Co. (Easton), trust.
In 1909, gross, $896,316; net, $367,435; lnt. & taxes, $154,603; dlvs.,
B o n d s . — Northampton Traction bonds arc In denominations of $100, $200
$$5,000; surplus, $157,832.
$500 and $1,000. A sinking fund of 10% of net earnings Is now operative,
REPO RT.— For calendar years: (Report for 1909 In V. 91, p 211.)
but the bonds cannot be called.
G ross
N et
D ep re c ia - ln t &
P f . D l v . C o m .D iv . B a l . ,
EARNINGS.— For Northampton Traction Co. for year end. Juno 30
Y ear—
E a rn s.
E a rn s.
tio n .
T a xes.
(4% ).
(2% ).
S u rp .
1910, gross, $113,510; net after taxes, $43,032; Interest, $25,783; surplus.
1909...........$997,606 $437,795 $48,578 $172,366 $60,000 $70,000 $86,851 $17,249.
1908........... 892,638 340,858 88,308 159,201 60,000 ............ 33,349
ROAD.— Operates 24 miles of track from Easton to Nazareth and from
In 1909 carried 19,431,381 revenue and 3,778,780 transfer passengers, Easton to Bangor, chiefly on private right-of-way, and 17 miles of track
against 17,661,560 revenue and 4,275,087 transfers In 1908.
from Phllllpsburg, N. J., to Port Murray, N. J. Total, 41 miles of track
OFFICERS.— Pres., C. G. Goodrich; V.-P., Horace Lowry Sec. & operated. Standard gauge; 65, 70 and 80-lb. steel rail. It Is planned to
Treas., S. L. Reichert; Asst, Sec., Edmund Zacher; Gen. Mgr., Herbert extend the line to Hackettstown, and eventually to connect with Morris
Warren.— V. 72, p. 183, 627; V. 80, p. 1011; V. 89, p. 285, 666: V. 00, County Traction Co’s lines.— V. 91, p . 589.
V . S i r . 1290; T. #1, p. 211, 276, 654; V. 92, p. 186.
EAST LIVERPOOL, OHIO
EAST LIVERPOOL TRACTION & LIGHT.
.9^5? A N 19,N.-— Incorporated In Ohio on Sept. 30 1905 and Is a con•ollciatlon of the United Power Co., the East Liverpool R y., the Ceramic
City Light Co^, the Wellsvtlle Electric Light Co., the Glasgow RR ., the
Eastern Ohio R R ., the Island Run Coal Co., the East Liverpool & Rock
Springs Street Ry., the East Liverpool Bridge Co., the Chester Light &
Power Co. and the People's Light & Power Co. See V 81. p. 1791.
STOCK AND BONDS — D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
___
_
$2,500,000 ___________
Common, $2,500 000 ($100)
Pref., 5 % n .c. . $500,000 ($100)..................." " __
500.000 .................
1st mort , $3,000,000. gold) 1005
5 g M-N
2,810,000 Nov 1 1925
($1,000)............................ c/In t. at Union Trust Co.. Plttsb., Trustee.
East Liverpool R y.lst mtge.............
5%
150,000 June 1 1917
B o n d s .— Of the $3,000,000 1st mtge. of 1905, $150,000 are reserved to
retire like amount of East Liverpool Ry. bonds and $40,000 are reserved for
extensions. Improvements and acquisitions. Are subject to call on any
Interest date at 105.
EARNINGS.— For 12 months ending June 30 1909, gross, $342,938; net,
$168,564; Interest and taxes, $164,986; surplus, $3,578
ROAD.—Comprises 15 miles of track between East Liverpool and Wellsvllle. Standard gauge, 73-lb. girder and T rail. At Wellsvllle connects
wlttLthejStcubenvllle & East Liverpool Ry. & Lt. Co. and at East Liverpool
EAST ST. LOUIS, ILL.
S T . L O U I S & S U B U R B A N C O . — Trolley. (S e e M a o o n p a g e 47.)
ORGANIZATION.— Incorp. In N. J. In 1902 and in April 1906 absorbod
the Alton Granite & St. L. Co. It owns all the stock except directors’ shares
and all bonds of East St. Louis Ry. Co., the St. L. <5: East St. L. Elec. Ry.Co.
and the East St. Louis <fe Suburban Ry. Co., at
stock of the Alton
Granite & St. Louis Trac. Co., the Alton Gas & El :c. < ... ,nd all the bonds
of the St. Louis & Belleville Elec. Ry. Co.; also all the stock and bonds
of East St. L. Lt. & P. Co. of East St. Louis; V. 91, p. 399. These cos. own
and operate all the electric railway lines In East St. Louis, Alton and Belle
ville, and lnterurban lines to Belleville, Edwardsvllle, Collinsville, Caseyvllle, O’ Fallon, Lebanon, Brooklyn, Venice, Madison. Granite City and
Alton and the only electric line across the Eads Bridge— the latter under a
50-year exclusive contract from 1903 to operate cars over this bridge. Has a
contract with the city of East St. Louis for municipal lighting until 1920
and with the city of Alton for municipal lighting until 1913. F r a n c h is e s In
East St. Louis, Edwardsvllle, Collinsville, Caseyville, O’ Fallon and Lebanon
expire from 1948 to 1952 and In Belleville (5 m.) In 1920. Alton railway f r a n
c h ise and Alton electrlc-llght f r a n c h is e expire In 1948; Alton gas f r a n c h i s e Is
without limit of time; Granite City fr a n c h is e expires In 1925; Madison
fr a n c h is e In 1925; Venice f r a n c h is e In 1920; Brooklyn f r a n c h i s e In 1921;
fr a n c h is e for county road crossings In 1925.
Both stock and bonds of the East St. Louis & Suburban Co. have been
listed on the Philadelphia, Loulsvl le, Columbus and St. Louis stock exch
EAST
Of the stocks and bonds owned, the following have been deposited with
the St. Louis Union Trust Co. as collateral for the East St Louis & Sub
urban Co. collateral trust bonds. The figures given cover the entire Issues
except for stock In directors’ names.
Paso expires in 1951; In Juarez In 1988. Lighting fr a n c h is e In El Paso ex
plrcs In 1952; In Juarez In 1915. In 1909 Increased pref.from $500,000 to
$1,000,000. V. 90, p. 109.
STOCK AND BONDS—
Date.
Interest. O u ts ta n d in g . M a t u r i t y .
B a n d s.
S to c k .
Common, $2,000,000 ($100)............. • M-S15
$1,000,000 Mar. ’ l l , 2
East St. Louts & Suburban R y. Co------------------------$3,800,000 $3,781,500 Pref $1,000,000 6% n-c ($ 1 0 0 )___
6 J-J
1.000.
000 JanO’l l ,3%
East St. Louis Ry. Co------- --------------1,709,000
1,805,500 Collat trust mtge $1,000,000) 1902
5 g J-J
_________ 000
___ _Jan____
1.000.
1 1932
St. Louis & East St. Louis El. Ry. Co......................
500,000
409,500
($1,000) gold----------------- 0 /Int at State Street Trust Co, Boston,Trustee.
St. Louis & Belleville El Ry Co.............................
750,000
----------- Notes $500,000 gold ($100,1 1908
6 J-J 15
500,000 Jan 15 1913
East St. Louis Light & Power Co.................- ............................
733,200
$500 and $1,000)------------cjln t. at State Street T r.Co.. Boston, Trustee.
S to c k a n d B o n d s . — $500,000 of com. stock Is reserved for conversion of
$0,849,000 $5,819,700
like
amount of notes.The 1908 notes are convertible at option of holder Into
The capitalization of the East St. Louis & Suburban Co. Is as follows:
com. stock at par; can be called on 60 days’ notice on any Int. date at par and
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
int. The 1902 coll, trust bonds cannot be called and no sk. fd.
Common $7,000,000 ( $ 1 0 0 ) . . . .......
.......... ..
$7,000,000 ...............
D iv i d e n d s . — First dlv., 3% on pref. stock, was paid Jan. 12 1903; also 3%
Pref $7,000,000 ($100) 6 % l -----Q-F
7,000,000 Feb.’ l l , l t f
on July 13 1903; 1904 to 1910 Inclusive, 6% per annum: In 1911, Jan. ,3%
cum ____________________ J
On
com., first div., 2% , Mch. 1910; Sept., 2% ; in 1911, Mch., 2 X % .
Collateral trust mortgage $8,- f 1902
5 g A-O
7,936,000 April 1 1932
EARNINGS.— Of combined companies for 12 months ending Dec. 31
000,000 gold ($1,000)__ c*]Interest at St. Louis Union Tr. Co., Trustee.
1910: Gross, $640,658; net, $271,600; Int. and taxes, $90,010; dividend
I or at E. W. Clark & Co., Philadelphia.
A G & St Louis Trac Co lstl
1004 5 g F-A
2,263.000 Aug. 11944 $79,000: balance, $93,590.
ROAD.— Operates 34.5 miles of track In and between El Paso, Tex.,
consol M. $3,000,000 goldflnt. at Illinois State Tr. Co., East St. Louis,
and Juarez, Mexico; chiefly 60-lb. T rail; 58 cars: standard gauge.
($ 1 ,0 0 0 )___
c*JTrustee,or at Morton Trust Co., N.
Y.
OFFICERS.— Pres., Marshall M. Phinney: V .-P ., Joseph Remick; Treas.
Alton Ry & Ilium first mtge/
1895 5 g A-O
250,000 Oct. 11915
$250,000 gold ($ 1,000)..c*l Interest at Manhattan Trust., N. Y.,Trustee, Henry B. Sawyer; Sco., Clement R. Ford; Mgr., C. W. Kellogg Jr.; Trans.
Alton Ry Gas <b Electric Co)
1899 5 g A-O
250,000 Oct. 1 1939 Agents, Stone & Webster, Boston.— V. 85, p. 1269; V. 86, p. 1409; V . 90,
_
mortgage $500,000 ($1,000) )Int. at Trust Co. of America, N. Y ., Trustee. p. 109, 502; V. 92, p. 322.
gold...................................c*J No sinking fund; bonds cannot be called.
B o n d s . — Of the $8,000,000 coll, trust bonds, $7,936,000 are outstanding,
E R IE , P A .
and the balance, $64,000, are reserved for future extensions and lmpr’ts.
ERIE TRACTION CO.
Bonds are redeemable on any Interest day at 105 and Interest on 60 days’
notice. See V. 76, p. 382. Of the $500,000 Alton R y.. Gas & Elec. Co.
ORGANIZATION.— Incorporated In Pennsylvania on April 16 1901.
bonds, $250,000 are reserved for prior Hens. $2,263,000 Alt.Gran. & St.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Louis Trac. 1st consols are outstanding: $500,000 are reserved to take up Stock, $500,000 ($50)________ _______________
$5 0 0 , 0 0 0
________
prior bonds. The remaining bonds are for extensions and Improvements. 1st mortgage. $500,000 gold) 1907
5 g J-J
500,000 July 1 1929
They are also a lien on the property of the Alton Gas & Electric Co., which
$1,000 $5,000 & $10,000c*JInt. at Sec. Sav. & Tr. Co.. Erie, trustee.
was owned by the Alton Granite & St. L. Trao. Co., when the mort. was 2d mortgage $300,000 g o ld ... 1908
5%
300,000 See text
made. No sinking funds, but bonds are subject to call on any Interest data Loans payable June 30 1910_______
..
14 000
-at 110 and Interest upon 90 days’ notice.
, ,
B o n d s .— A s in k in g fu n d of $20 for every $1,000 1st m. bond commences
D i v i d e n d s . — 5% per annum has been paid quarterly on preferred since July 1 1912. Subject to call In entirety after 5 years at par.
The 2nd
Its Issue May 1 1906 up to and Including Feb. 1 1911.
mtge. bonds are all held by the stockholders and aro bolng continued and
REPORT.— For year ending Deo. 31 1910, gross, $2,364,142: net, kept alhe Indefinitely, although past due.
$1,140,788: fixed charges, $605,462; pref., dlv., $350,000; surplus, $185,326.
EARNINGS.— For year ending Dec. 31 1910: Gross.. $91,670: net.
In 1909, gross, $2,035,790; net, $938,553; fixed charges, $587,907; pref. dlv., $26,924; fixed charges, $43,022; deficit, $16,098.
$350,000; surplus, $646.
ROAD.— Operates 27 'A miles of track from Erie to Edlnboro and Cam
R O A D .—Operates 185 miles of track. Including all the lines In East bridge Springs. Standard gauge, 60-lb. and 70-lb. girder and T-rall.
St. Louis, Belleville and Alton, a double-track road from East St. Louis to
OFFICERS.— Pres., F. F. Curtze; V .-P ., Wm. Spencer; Sec.-Tr
[’rcas..
Belleville, a single-track line to O’ Fallon and Lebanon, a single-track line to Chas. M. Hatch. All of Erie, Pa.
Edwardsvllle, and also a single-track line to Alton. Has 160 cars.
OFFICERS.— Pres., C. M. Clark; V.-P., E. W . Clark; S e e . & Asst.
Treas., G. L. Estabrook; Trcas., C. A. Pearson Jr.; Asst. See., T. W .
E U R E K A , CAL.
Gregory. Office of Suburban Co., Camden, N. J., operating company at
HUMBOLDT TRANSIT CO.
East St. Louis.— V. 83, p. 271, 687, 969, 1170: V. 87, p. 812, 1089: V.
ORGANIZATION.—
Incorporated
In California July 31 1903.
90. p. 54, V. 91, p. 3 9 7 . _______ _
STOCK AND BONDS.
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock $1,000,000 ($100).............................................
$500,000 ...................
E A U C L A IR E , W IS .
1st mtge $1,000,000 ($1,000)] ___
5 g A-O
207.000 Oct 11934
CHIPPEWA VALLEY RAILW AY LIGHT & POWER CO.
gold ............................ c&r/Unlon Tr. Co. of San Fran., trustee.
ORGANIZATION.— Incorporated In 1898 under the laws of Wisconsin.
B o n d s are not subject to call. A sinking fund of 2% of bonds out began
Owns the Chippewa Valley Elec. R R .. In which the Eau Claire Light & Oct. 1910.
Power Co. has been merged. Company has surrendered Its Eau Claire
EARNINGS.— For cal. year 1910, gross, $83,693; In 1909, gross, $83,637.
lig h tin g franchise and operates under Indeterminate permit as to lighting.
ROAD.— Comprises 13 miles of track In city of Eureka. 45-60-lb. T-ralls.
Still holds r a ilw a y franchise.
OFFICERS.— Pres., Win. Butterworth; V.-P., C. P. Pomeroy; Sco. and
On Jan. 1 1911 acquired the Chippewa Falls Water-Works & Ltg. Co. and Treas., Horaco R. Hudson; Mgr., M. M. Martin.
Issued additional capital stock therefor. V. 92, p. 186.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common, $1,500,080 ($100).................................
$1,100,000 D ec’ 10,5%
E V A N S V IL L E , IN D .
7 Q-M
150,000 D ec.’ 10, 1 %
Pref 7 % cum, $200,000 ($ 1 0 0 )___
First mortgage $2,000,0001 1907
5 J-J
1,250,000 July 11924
EVANSVILLE & SOUTHERN INDIANA TRACTION CO.—Trolley.
($1,000) gold__________ c* JInt. at Harris Tr. & Sav. B k., Chicago, Trust
ORGANIZATION
—
Incorporated
In Jan. 1907 and Is a consolidation of
B o n d s . — Of the new $2,000,000 bonds, $200,000 may be Issued for 75%
Evansville Elec. Ry. and the Evansville Princeton & Vincennes Inter.
of cost of extension to Menomlnle; remainder can be Issued for 75% of the
Ry.
Franchises
expire
In
1951
and
1952.
cost of other permanent extensions, additions and Improvements, provided
M a tu r ity .
O u ts ta n d in g .
STOCK AND BONDS—
D a te .
I n te r e s t.
net earnings for preceding year have been twice annual Interest charges,
$2,000,000 ...................
----------Including Interest on bonds to be Issued. Are subject to call on and after Common, $3,000,000 ($100).. -----1.000,000 ...................
July 1 1013 at 105 and Interest, $750 prior liens remain outstanding, but Pref, $1,500,000 ($100) 5% . . . -----1,000 000 Jan 1 1937
as sufficient proceeds have been set aside from sale of outstanding bonds to 1st con mtge, $4,000,000, g 1907 5 g J-J
($1,000)...................... —c* Int. at Trust Co. of No. Am., Phila.. Trustee.
retire these, we omit them from the statement. Sinking fund begins 1913.
1,200,000 May 1 1921
Evansville El Ry 1st mtge, 1901 4 g M-N
V. 85. p. 1461.
$1,200,000. gold ($ 1 ,0 0 0 ) 0 ’ Int. at Farmers' L. & Tr. Co., N. Y ., Trus.
D i v i d e n d s . — Dividends of 1*4% are paid on pref. each quarterly.
On
5 g A-O
370,000 April 1 1923
Evansv & Prince 1st mtge, 1903
com., tlrst dlv.— 2% — paid Sept. 1909. In 1910, May, 6 % % .
$400,000, gold ($1,000), Int. at Clt. Sav. & Tr. Co.. Cleve., Trustee,
EARNINGS.— For year ending Dec. 31 1910 (Incl. C. F. W. W . & L. Co.)
sinking fund________ c&r
or at First National Bank, New York.
gross, $274,886; net, after taxes, $148,660; Interest on bonds, $53,855;
surplus, $94,805.
B o n d s .— Of the $4,000,000 new bonds. $1,600,000 are reserved for prior
ROAD.— Operates 22 % miles of road In Eau Claire and Chippewa Falls. liens.
Are subject to call on any Int. date before Jan. 1 1912 on 60 days’
Including an lnterurban line between them. Owns all the water powers notice at 105 and Interest.
on Red Cedar River and does all electric lighting and power business In
The Evansville & Princeton first 5s have a s in k in g fu n d of $10,000 per
Eau Claire and Chippewa Falls.
annum, which began April 1 1908, said fund to be Invested In the bonds
OFFICERS. - Pres., O. H. Ingram; V.-P., JohnS. Owen; Sec. and Gen, at 105 beginning with No. 1. $30,000 have been redeemed. Whole Issue
Mgr.. Geo. B. Wheeler; Treas., B. A. Buffington; Asst. Mgr. A. E. Pierce of these bonds may be called at any time at 110 and Int. Geo. B. Denison
Jr.— V. 85, p. 1209, 1461; V. 90, p. 697; V. 91, p. 1327; V. 92, p. 186, 321.
of Cleveland Is co-trustee of this mortgage.
EARNINGS.— For year ending Deo. 31 1910, gross, $422,728; net,
$170,720. In 1909, gross, $346,398; net, $121,012.
E L M IR A , N . Y .
ROAD.— Owns about 65 miles of track In Evansville and between Evans
----------------------------------------------------ELMIRA WATER LIGHT & RAILROAD COMPANY.
ville,
Princeton and Patoka. 60, 70-----------------------and 75-lb. T-ralls. Also--------owns park
ORGANIZATION.— Incorporated In New York May 26 1900 as a con- and pleasure resort,
solidation of all the water, lighting, power and street railway properties In
OFFICERS.— Pres., C. M. Murdock; V.-Ps., A. L. Kltsclman and II. W.
Elmira, comprising the following: The Elmira Municipal Improvement Co.; Marshall; Sec., W. V. Stuart: Treas., S. T. Murdock; Gen. Supt., L. C. Shipthe Elmira & Horsehcads Ry.; the Maple Avenue R y., the Elmira Gas & herd; Aud., J. G. McKee.— V. 84, p. 158, 339, 1366.
Illuminating Co., the Elmira Illuminating Co., the Elmira Water-Works Co.;
the Chemung County Gas Co. and the Elmira Heights Water Co. Also owns
EVANSVILLE RAILW AYS C(L
entire capital stock of Elmira & Senaca Lake Tract. Co. (owns all bonds of
A syndicate composed of the principal stockholders of the Evansville
this company); Rorlck’s Glen Park Assn.; West Side RR. and majority of Rys. Co. In May 1910 purchased control of the Henderson (Ky.) Trac. Co.
stock of West Water St. R R . The latter two companies are operated under and the Owensboro (Ky.) City R R . V. 90, p. 1362. See statementsof
999-year leases. In May 1906 we were Informed that none of the f r a n c h is e s two last-named companies on subsequent pages.
had less than 99 years to run, while some of them were perpetual. In Feb.
ORGANIZATION.— Incorporated In Indiana In August 1907 to control
1910 was authorized to acquire all stock of the Montour Falls Electric Lt. Co,
the Evansville <&Eastern Electric R y., the Evansville & Mt. Vernon Electric
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common $1,000,000 ($100)..................................
$1,000,000 Jan’ 11,1% R y. and the Evansville Terminal Ry. Owns all the stook of these three
roads and operates them under lease. In Nov. 1907 authorized $ 5 0 0 , 0 0 0
Pref. 5% cum., $1,000,000...............
5 M-S
680,000 Mar’ l l , 2 A
pref. stock. V. 85, p. 1401.
Elmira Water-Works first m tg .l___
6 A-O
339,000
1913
$339,000 ($1,000 and $500) ./In t. at Farmers’ L.&.Tr.Co., N .Y ., trustee.
STOCK AND BONDS—
D a te
R a te . %
O u ts ta n d in g .
L a st D lv .
West Side RR gold first mort-f 1894 5 g A-O
355,000 Oct 11914 Common, $1,000,000 ($100).................................
$840,000 ...................
g a g e ________ _____ ______ (J. B. Rathbone, V .-P ., Chemung Canal Pref., $500,000, 6% cum__________
J-J
110,000 ..................
1 Trust Co.,
Elmira, Trustee.
Evans & E Elec Ry 1st mort-) 1906
5 g A-O
699,000 April 1 1 9 3 6
First mortgage $2,000,600,( 1900 5 g J-J
1,661,000 Jan 11949
gage, $750,000, gold ($500)Int. at American Trust & Sav, Co.. Evansgold ($1,000 and $5 00)..c*(United States Mortgage & Tr., N. Y , Trust.
and $1,000)...... .............. c*J vllle, or Pittsburgh Tr. Co., Plttsb., Trus.
I Subject to call at 105 and Interest
_ Evans & Mt V Elec Ry 1st M,f 1905
5 g A-O
350.000 Oct 11026
1st consol mtge, $5,000,0001 1906 5 g M-S
2,166,000 Sep 1 1956
$350,000, gold ($ l,000).c*)lnt. at Amer. Tr. & Sav. Co , Evansv., Trus.
Evausv Term. Ry. 1st mtgel 1008
5 J-J
275.000 J.i i 1 1939
($1,000), g o ld __ ______ c*/Int. at New York Trust Co., Trustee.
B o n d s . — Of the 1st 5s of 1900 $339,000 are reserved to retire at maturity
$300,000 gold ($1,000). clln t. at Am. Tr. & Sav. Co., Evansville, trust,
the bonds of the Elmira Water-Works Co. due 1913.
$355,000 outstanding
gu. p .& l.by Evans.Rys.CoJand Ills. Tr. & Sav. Bank. Chicago.
bonds of the West Side R R . and the Elmira Heights Water Co. are guar
S to c k a n d B o n d s . —Pref. stock can be called any time at par.
Of the
anteed. Of the 1st consol, mtge. of 1906 $2,355,000 are reserved for prior Evansville & Eastern Electric Ry.
bonds,
$51,000 aro re
liens. V. 83, p. 393; V. 86. p. 720.
, served for extensions and Improvements at 85 % of cost. Are subject to
D iv i d e n d s . — On pref., 2 U% paid seml-ann. from Sept. 1907 to and incl. call, In whole or In part, at 105 and Interest on any Interest day upon 90
March 1911. On com., 1st dlv.— 1%— paid Oct. 1910. In 1911, Jan. 1% . days notice; $2,500 Is payable annually to a sinking fund from 1910 to
ROAD.— Comprises 27H miles of track, controlling all the principal 1920; from 1921 to 1936, $5,000 per annum. S i n k , f u n d of $10,500 per
streets In Elmira and connecting the suburban towns of Elmira Heights, annum began Oct. 1 1910 on Evansv. & Mt Ver. Elec. R y., to bo Invested
Southport and Horsehcads, and 17 miles from Horseheads to Watkins, via In ten bonds annually at 105. s u b j e c t to ca ll at any Interest period at 110.
Millport and Montours Falls, to Seneca Lake. Equipment consists of 40 Evansville Terminal bonds are redeemable at 105 and Int. on any Int. day
dosed cars, 39 open cars and 18 trailers. Track laid with 75 and 90-lb. at 60 days’ notice. Sinking fund begins 1912.
girder rails. Owns Rorick Glen Park.
EARNINGS.— For year ending Dec. 31 1910, gross, $178,280; net, $77,
REPORT.— Earnings for cal. year 1910, gross, $901,437; net, after taxes, 651;
Interest, $57,350; surplus, $20,301.
$361,077; fixed charges, $231,690; surplus, $129,387.
ROAD.—The Evansville & Eastern road consists of 27 miles of track
OFFICERS.— Pres., Ray Tompkins; V .-P ., S. J. Dill; Sec. and Treas.,
C. A. Kolstad; Actg. Gen. Mgr., II. M. Beardsley; Asst. Sec., Henry Morgan. from Newburgh (from which point It enters Evansville over tracks of the
40 Wall St., N. Y .— V . 83, p. 893; V. 86, p. 720; V. 87, p. 778; V. 92, p. 397. Evansville Terminal R y., 10 miles) to Grandview, Including a 4-mllc brance
to Richland. The Evansville <5c Mt. Vernon road consists of 18 miles of
track from Evansville to Mt. Vernon. Total length of lines. 53 miles.
Extensions aggregating 19 miles are projected to Troy, Tell City and CanE L PASO , T E X A S.
nelton. Both roads do a freight business.
EL PASO ELECTRIC CO.— Incorporated in New Jersey and owns the
O FICERS.— Pres., W . H. McCurdy; V.-P., W . A. Koch; Sec., C. H.
securities of the El Paso Elec. Ry. Co. and the El Paso & Juarez Trao. Co., Battin, Treas., M. S. Sonntag; Gen. Mgr., W . A. Carson.— V. 84, p. 942,
comprising practically all the electric lighting and the entire street railway 1551’ V. 85, p. 1401; V. 86, p. 1100; V. 88, p. 505; V 89. p. 410; V. 90,
business of El Paso, Tex., and Juarez, Mexico. Railway f r a n c h i s e In El p. 1362.
EVANSVILLE SUBURBAN & NEWBURGH R Y .
! L o n s i n Electric Ry.— A trolley road.
ORGANIZATION.— Incorporated In Indiana In Dec. 1888. with a per
petual charter. Passenger business hauled by electricity and freight by sucreeried h«A w w r IncS 'por? tedA Aug' 16 1908 ,n Wisconsin and
Innebago Traction Co., sold at foreclosure Aug. 6 1008,
steam. Does a car-lot freight and express business. Has private right-ofCltl^ens^ Trartinn’ Cn' iP' S
Latter company was a reorganization of
way.
Rtnr k ana £
. £ .°'>!n 1,900; Eastern Wisconsin Ry. & Lt. Co. owns
STOCK AND BONDS— D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock. $500,000 ($100)...........................................
$307,400 ...........
F r a n c h is e s ™n £o I qT z
th0 Wlsconsln Elec- R V- v - 88. p. 1255.
1st mortgage, $500,000, gold] 1004
5 g J-J
500.000 July 1 1034
($500 and $1,000)--------- c* (-Interest at Evansville Trust & Sav. Co., Stfck°$35b.000D .B° NDS~
Dateinterest. ° “ t**ann*in1'<’ - Maturity.
J Trustee, or Nat. Bank of Commerce, N. Y.
'^ O O a n d ^ W o ) 0 K O ld r -lV o Y - V f - A ” - 783.000° A G i:V i§3 8
B o n d s . — A s in k in g fu n d of $2,500 per annum commenced July 1 1010,
t$»uu
and
$
1 , 0 0 0 ) ------- c /
Interest
at
Wls. Trust Co Mllw trustpe
which will retire bonds at 105. All or any part of bonds are redeemable
E A m ir n r ? ?
“ !! »* 105 on 0 motiHis' notice*.
after 15 years at 105.
net, after
EARNINGS.— For year ending June 30 1010, gross, $111,061; net.
$45,002. In 1000 gross, $113,800; net, $47,605. During 6 mos. of 1000 i .ROA.D* - ° w.ns 46 miles of road— 18.5 miles’ In Oshkosh 26 5 miles of
a connecting line operated over this line was discontinued.
ROAD.— Operates 25 miles of track from Evansville to Newburgh, with k Neenah.10 IUnnlng from Oshkosh to Neenah and to Om roan™ ! mile
a branch oil the main line through Stevens Station and Chandler, to BoouOFFICERS.— Pres., Clement C. Smith; V.-P. & Treas H F Whitnmnh
vllle- has also 5 miles of side-track; total, 30 miles. Standard gauge.
70-lb. T rails.
V .':87,“ *.* 348°; H T v . S f i J 'f l f c * ! * p * Pum* " - ° » « *
w“ OFFICERS.— Pres., F. W. Cook; V.-P. and Treas., Lee Howell; Sec.
and Gen. Mgr., Gus Mulhauser.— V. 83, p. 271.
F O R T D O D G E , IO W A .
FORT DODGE DES MOINES & SOUTHERN RR.- -See “ Railroad and
F A IR M O N T , W . V A .
fndustrlal section.
FAIRMONT & CLARKSBURG TRACTION CO.
ORGANIZATION. -Incorporated in West Virginia In Ma • 1003 and Is
successor to the Fairmont & Clarksburg Electric RR. Co. Is controlled by
Interests Identified with the Consolidation Coal Co. of Maryland and allied
properties
V. 80. p. 600. Does a lighting business In Fairmont, where
both lighting and street railway f r a n c h is e s are perpetual; fr a n c h is e In Clarksyears. On June 16 1008 stockholders authorized the Issue of $2,&^Mann>on6^&
C ^ (18 miiesK “ ^
1 1911 t0° k ° vcr the FaIrmont
M a t u r it y .
o f-nX ° $2,500,000
* ? * ruwmn' \($100)__________
tYn mS
D a te .
I n te r e s t.
n d in g .
Stock,
_______ O u ts ta
8 0 0 ooo
Preferred, $ 2 ,500 .000 ....
----F -A "
2,'06o!200 Fcb’ U , 2 H
$2,500,000,1 1003
5 g A-O
2.500,000 Oct 1 1038
ist mortgage
gold ($1,000) . . .
c*/Int at/Guaranty Tr. Co.. N. Y., Trustee,
Bonds.— Bonds subject to call, beginning Oct. 1 1013, at 105 and Interest.
Listed on Philadelphia Stock Exchange
D i v i d e n d s .— O n prof, (list dlv.— 2 FS%— paid Feb. 1 1000; Aug., 2 'A %
In r.1Pn°A,r T ^ y 2 ^ % : All*L- 2 ^ % - 1*1 1011. Feb., 2
■
...n A * ? . i £ S,~\I' or 7 eaJ ending Dec. 31 1010, gross, $611,643; net,
?399a2a5™’ ‘ 'ferest and charges, $140,131; surplus, $247,123.
. , . , , 7 •— Operatcs street railways In Fairmont, W. V a„ and in Clarksourg, W . Va., and an Interurban line of 25 miles connecting the two; with
various small branch lines; also a line from Fairmont to Mannlngton, 18
miles, total, 60.1 miles of track. Standard gauge; 80-lb. Trail. A3.6-mlle
extension from G arksburg to Bridgeport was completed Sept. 1000. Ex
tension from Clarksburg to Weston, 24 m., under construction. A 14-mllc
extension from Fairmont to Falrvtcw Is almost completed.
J
OFFICERS.— Pres., S. L. Watson; V .-P ., C. W Watson- qpo nmi
Treas., Walton Miller; Gen. Mgr., Jas O. Watson — V 77 n 0 5 0 - V an
p. 600; V. 86. p. 1343: V. 87, p 480, 544; V. 80. P 103- V o o ’ n i o o '
1044, 1238; V. 02, p. 322.
v . ov, p. ruj, v . uo. p. 100,
F O R T SCOTT, K A N .
THE FORT SCOTT GAS & ELECTRIC CO.
Plant Is being entirely rebuilt.
ORGANIZA.T I° N .— Incorporeted in Kansas In 1000, and Is successor
to the Fort Scott Electric Light & Power Co., Citizens’ Electric Street Ry
April ^ T Y o fr * 1111 HeatIng Co- and Fort Scott Gas Co. Franchise expires
StfeTk°C$350.cfoD0 B$°100I) ST _
^
° Ut^ X ° n
M a t^
‘
1st mortgage, $250,000, gold) 1003 5 g A-O
185 000 A n fliV ia iS
($500). sinking fund
c*) lnt. at Chicago Title & Trust Co , Trusty2
New
mortgage
$350,0001 ___
6%
280,000
if®?®) - -a ;
- - - - - J!nt. at Vandeventer Trust Co., St."Louis” Ylo’
or,^°«nidShn/?if fEe $2a0,000 1st M. auth., $50,000 are reserved for extensions
5J5,’900 1,lav® bTee^ I ^ ,rcdJ The following amounts are payable annually
& sinking fund- In 1008 and 1000, $3,500 per annum; ln 1010 and i o n .
pcr annurn-' Jn 1912 and 1013, $4,500 per annum; ln 1014 and 1015
.000 per annum; In 1016 and 1017, $7,000 per annum; and from 1918 to
1021 Inclusive, $10,000 per annum. Sufficient new mtge. bonds are re
served to retire 1st mtge. of 1003.
§ A ? ,fJINS S\ r Fo'i ca*endar year 1010, gross. $65,000; net, $33,000.
RGA/,V ^ 7Q,mI1?3 of track 1In.Fort Scott. Gauge. 4 ft.: 45 to 80 lb. T rails.
O I 1 ICERS.— Pres., J. E. McKinney, St. Louis; V.-P., R. E. L. Winter,
St. Louis; Scc.-Treas. & Gen. Mgr., I*'. D. Martin, Ft. Scott.— V.77,p.l204.
F O R T S M IT H , A R K .
FORT SMITH LIGHT & TRACTION CO.
„ ™ tanciard G:as 4? Elcc- Co- (V. 01, p. 1708) owns $040,000 com. and $383,
700 pref. stock of the company.
OH,^A ?J 1ZATI9 N-^“ InS?rP°ratcd ln Arkansas on April 13 1003 as a
FARG O , NORTH D A K O TA ,
consolidation of the Fort Smith-Van Buren Light & Transit Co and the
OK(’ A VI /
STREET RY. CO.—A trolley road.
l'ort Smith Iractlon Light & Power Co. Does the entire electric light
I9 N* ~ Inc?<rPorated 1004 In North Dakota. Stock
gas and street railway business of the city and the electric-light and gas
on
00LJ ss.ued- BondS authorized and outstanding, $200,000 ib„Uw?e«?J?I>,Van. BlJre?A ^ Str<^ t railway, gas and electrlc-llght franchises
hnt), L,,°„oy^ .r
mtke. and $100,000 ($500) 6% 20-year 2d mtge.;
botii issues due 1025; lnt. J-J and subject to call after 5 years at 105; prln- expire In 1057XP rC Q 1955‘ GaS and cIectrI°-llght fr a n c h is e s in Van Buren
fiRa an<‘ Jnt- n ^ b l e hi gold. 1st mtge. bonds at State Bank of Chicago,
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
trustee, 2d mtge. bonds at Northwestern Trust Co., St. Paul. Minn., trustee. Common. $1,500,000 ($ 1 0 0 ) .................................
$050 000
™ a ,u r " v
Operates 13 miles between Fargo, N. D., and Moorhead, Minn. Standard Pref. $5,000,000 ($ 1 0 0 ) 7% cu m -----Q -j 15
0 2 0 ! 0 0 0 JanVl 1 I "ji
gauge, 70-lb. T rail. Pres., J. VV. Smith, Fargo; V.-P. and Treas., J. P. Consolidated (now first) mort-f 1004
g
Q-M15
1,500,000
Dec
15 1 0 4 4
Martin.
gage $1,500,000 gold.__c*( lnt. at Cent. Tr. Co. of 111., Chic., Trustee.
_
(First Nat. Bk., Bos., or 1st Nat. Bk.. N. Y
Coupon notes $650,000 g o ld ./ 1010
6 Q-J
650,000 July 1 1013
F I S H K I L L - O N -T H E -H U D S O N , N . Y .
^
^
.
lAmer. Trust & Sav. Bk., Chic., trustee.
FISHKILL ELECTRIC RAILW AY CO.—A trolley road.
•Sfocfc a n d B o n d s . — Pref. stock Is red. at any time after 3 years from issue
Leases the Citizens’ Street R R . Light & Power at a rental of $8,225 per
annum.
»J?„arliV acc,r^ d, y,-, F1^st
bonds are subj. to call at 102 and lnt. on
r w f^
i r
1914‘
s in k in g f u n d of $15,000 per annum commences
STOCK AND BONDS.
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
$50 0 0 0
Stock, $50,000............................................ ........
14‘ .Y ’ j?®’ P*99®: v - 90. P- 303. The coupon notes are subject to
call
at
101
and
lnt.
on
30
days
notice.
V. 00, p 372
J
550,000------- 1805
6 J-J
50,000 ~JuTy'I5I5
__
D i v i d e n d s — Pref. Is cum. from Jan. 1 1012.
1st dlv. on pref — 1
'For Yea* ending June 30 1010, gross, $53,400; net,
., 1
5 1 0 , 0 1 1 ; other Income, $188; charges, taxes, etc., $13,777; surplus, $3,322.
pa dA4)PMTMn«910^ JuIy'’, 1
° c t- 1
• In 1011, Jan., 1 H % .
EARNINGS.— For calendar year 1010, gross, $470,232; net, $203,458*
ROAD.— Owns 4
and leases 3 miles. Total 7 H miles.
Interest,
$120,526;
dlv.,
$32,061;
surplus,
$50,871
’
„ OI-FICERS.— Pres., John T. Smith; V.-P., W. J. Conklin; Sec., W. II.
R °A D .— Opemes 21 miles of track on 1 2 miles of streets ln Ft. Smith
Southard; Treas,. G. W. Patterson_____
and suburbs. Standard gauge, 56 lb. and 60-lb. T rail. 32 cars. Owns "
°L 11(2 *iCnres-„
^ works for distributing natural and artificial gas
F IT C H B U R G , M A SS .
with about 60 miles of mains; and electric power and lighting plant— genFITCHBURG & LEOMINSTER STREET RY,
er^ , aRTCJ?Raclty ab°ut 1,880 horse power and pole line of about 05 miles
OH*ICERS.— Pres.. A. S. Huey; V.-P., II. M. Byllesby; Sec.. Jas
In April 1005 absorbed the Leominster Shirley & Ayer Street Ry. through
exchange of stock, share for share. V. 80, p. 1478. In Sept. 1007 Mass. Brlzzolara; Gen. Mgr and Treas., J. W. Gillette; Aud., N. I. Garrison
R R . Commission sanctioned Increase In stock from $450,000 to $700,000
1ES236,363
372y 01S4 y & C° " Inc’— V * 83' p ’ 213; V * 88. p. 505; V. 00
New stock to be Issued at 110. Company then petitioned Commission to
allow stock to be Issued at 100 (V. 85. p. 722), but in Sept. 1008 Commis
sion denied application. V. 87, p. 812.
F O R T W A Y N E , IN D .
STOCK, BONDS, ETC.— D a t e .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y
I T. WAYNE & NORTHERN INDIANA TRACTION CO.—A trolley road.
Stock $700,000 ($ 1 0 0 ) ----------- -----.......
$450,000
See text
Fitch & Leo 1st mtge ($500) ,1 1807
5 A-O
150,000 April 1 1017 Elec°trk.°Rvd
Inf®re8ts as the Indiana Union Traction, the Ohio
Electric liy . and the Terre Haute Indianapolis & Eastern.
5 1 5 0 ,0 0 0
..- - - - - c / Interest at First National Bank, Boston.
Fl& u
mtge’ 5350.-1 1001
4 M F-A
150,000 Feb 11021 Ft°W nvr^I5 Aw ^ ^ .'rT rIRf0r,^ ratC(A ln Indla»a in 1011 to take over the
r
a* V 0.00) - - - - - lin t, at Boston Safe Dep. & Tr. Co., Trustee.
.Wabash Valley Trac. Co. per plan In V. 02, p. 304. The Ft
L
^<}SLn\tKe’ 5100,00° .f 1005
5 g F-A
100,000 Feb 11021
gold ($1,000)...................c* iln t. at Boston Safe Dep. & Tr. Co., Trustee. chase1tlm followingXompanies^’ C° ’ aC<1U‘ rC,t thr° Ugh consolIdaUon or pur'
Carroll Elcc. Lt. & Pow. Co. of Delphi, Ind. Lafayette Street Ry.
Current liabilities Sept. 30 1010.*!.^.’ . ? . * A ’. ^ ._ FItC 7 10 600()Om’ St‘ R y ' Ft. Wayne Elec. Lt. & Power Co.
Logansport Railway Co.
Wayne Power Co.
Logans. Roch. & Nor. Tr. Co
l8?^ tg c"^ t\ fnaturItyW conscd' mtKe-* 5150,000 are reserved to retire the Fort
Ft. Wayne & Southwestern Traction Co.
Wabash Logansport Trac. Co
»v auo.su iviver
t raction iCo.
o
ioi?i1n9 D« o ? L!S-7 ^ ‘n t ? 11'P Z years l|P to and Including 1000 1001, 8%- In Ft. Wayne Traction Co.
Wabash
River Traction
Owns entire capital stock, both com. and pref., of the Ft. Wayne Blutrton
Ao9J'i?2in6r$ n ln i o92'.03f 6
,n 1903 04. 6% ; In 1004-05. 6%; In 1005-06,
& Marlon Traction Co. and entire capital stock ($500,000) of Lafayette &
*.906"®7'
ln 1907-08, 6% ; In 1008-00, 6% ; In 1000-10, 6% .
i
40 *7, P Hcs ° f track. Road extends to Leominster, Logans^ort Traction Co., which see below. Franchises expire from 1 0 3 5
Lunenbuig, Shirley and Ayer. 27 closed passenger cars, 25 open passenger to 1001, but some are perpetual.
cars, 2 express cars and 5 snow plows.
$1,000,000 com., $1,000,000 pref. and $1,000,000 1st and ref. bonds of
EARNINGS.— For years ending Sept. 30:
the I t . W a y n e & Nor. Ind Trac. were Issued for $1,500,000 new oa^li
„
1010.
1000.
Holders of Ft. Wayne & Wabash Valley com. received only 43.7% In the
1010.
1000.
Gross ...................$280,082 $272,088 Dividends p a id ,.. $27,000 $27,000 com. stock of the Northern Indiana Tr<ac.; holders of pref. received $ for $
N e t ....................... 133,363 120,567 Balance, surplus
but lmd to pay $17 50 per share In cash.
lnt.,
taxes,
03,208
for year----------year_______ 14,815
nhm
n n n &c_
u ----_A 01,548
wi
14,010
0,350
„S™ C„K
DS—
Date‘
Interest. Outstanding. Maturity
ttt
RS’7^Pr,eS” ?!J,pt’ an,d
Ak°nt, W. VV. Sargent; V .-P., rCommon,
$4,000,000________ _____
_________ $4,000,000
H. I. Wallace; Clerk and Counsel, C. F. Baker; Treas., R. N. Wallis all of Pref. 6% cum.,
$4,000,000
.
Q-F
2.500.000 ...................
Fitchburg.— V. 80, p. 1478; V. 85. p. 468. 722: V. 8 7 , p. 812.
1st & ref. mtge, $15,000,000_. 1911
5%
1,000,000 20 years
Ft W & W Val Tr
MJ] 1004
-** 1st
aov cons
wuo -U
isjyJ'X 5st gt~,M-S
Hl*wJ
U
, (7O') MI1
11Mch
VInil 1 1034
6.066.000
$7,500,000, gold ($l,000)c* 1lnt. at Tr. Co. of No America Pliila trnut
F O N D D U LA O , W IS .
Ft
W
&
W
Val
Tr
2d
m
tge,/
1000
6%
®2
000
Feb
1 1034
EASTERN WISCONSIN RY. & LIGHT.—Trolley.
*\!*9 0 0 , 0 0 0
...........— (Guar. Tr. & Safe Dep. Co.’. Phlla.; trustee
ORGANIZATION.— Incorporated ln Wisconsin In Sept. 1003 as a con
5 g M-S
00 000 See text
solidation of the Fond du Lac St. Ry. & Light Co. and the Fond du Lac & I* t VV & VV Val lr car trust] 1000
Oshkosh Electric Ry. Co. Comprises the entire street railway elcctrlcflfar p ^ W e U 00^ : 0™ J^ T ru ltee! FldClUy TrUSt G° “ Fbiladelphia.
Ughting and gas plants ln Fond du Lac. Franchises expire In 1051
Has
275 000
im i
contract with city of Fond du Lac to light streets, expiring lnl013 * Own Wabash Rlv Tr Co 1st mtge, 1 1001 5 g F-A
i.v??u0,000^51,000)' 5,**v ,‘a *1Int*at N- R aven Tr. Co., n ’. Haven, Trustee
all the^stock and guarantees the bonds of the Wisconsin Elect. Ry. V.88. Ft
Wayne Tr mtge $1,500,-/ 1800 4 g A-O
20 000
1020
000, gold ($1,000)---------e* 11nt. at Guard. Trust Co., Cleveland Trustee
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y
Lafayette
St
Ry
1st
mtge/
1803
6
J-D
225
000
June
1 lin 3
$ 5 0 0 1)00
™ a ,u r l,u Stock, $500,000 ($100)..........................................
( f t .00° each) $225,000 c*i Int. at Real Estate Trust Co Phlla. Trustee
Fond du La,c. st u y * G mtge] ----5 g J-J
1021500 ............1020
B
o
n
d
s
.—
Of
the
1st
&
ref.
mtge.,
$8,000,000
are
reserved
to
retire
under$250,000 ($1,000). g..r<Sce*Jlnt. at Milwaukee Trust Co.. Trustee
^n, t>b0w i u n 9 V w 1na1l,ndv L f0r ac<luIsItIons, extensions and additions. Of
1st mtge, $1,500,000, gold] 1003
5 g A-O
856,000 Oct 11023
1 1. Wayne & Wab. Val. consol, mtge. for $7,500,000, $534,000 are re
($1,000)
. . . c * j Interest at Milwaukee Trust Co.. Trustee. the
served to retire underlying liens. Sec V. 78. p. 2011. In addition to
B o n d s .— $432,000 1st mtge. bonds are reserved for Improvements at 00%
bonds noted above, there are 33.500 bonds of the Logansport Ry out
of cost and $212,000 for prior liens. Bonds are subject to call on any Inter standing.
I he Ft. W. & VV. V. consols of 1004 are not subject to call be
est date at 103 and Interest upon six months’ notice. The Fond du Lac fore maturity.
They arc listed on Phlla. Stock Exch. The Wabash River
St. Ry. & L. bonds cannot be called. They are guaranteed, p. & 1., by the Traction Co. 5s of
1001 arc subject to call at any time at 105 and interest.
Eastern Wls. R y. & Lt. Co.
Car trusts mature $5,000 s.-a.lnnumerical order to Sept. 1 1010 Inclusive
ROAD.— Operates 25 miles of track ln Fond du Lac and between Fond
du Lac and Oshkosh. 70-lb. T rails.
w W w f f ih " ”
Thc>* ” r
c
* »<>• » > * « :
fLclX
„ ?CAU«
ri IANo9?’~ For year endlne Dec. 31 1000, gross, $251,301; net, after
iS, $o4tiJ0o.
iui?.A
^
p
fir
u
*
a
a
r
f
?
n
,
°
'w
a
r^
OFFICERS.— Pres., Clement C. Smith; Sec. & Treas., H. F. Wh tcomb urban road connecting those cities; also the city lines in Lafayette. An ex
Jr.; Gen. Mgr., J. P. Pulliam.— V. 87, p. 346; V. 88, p. 1252.
tension to Lafayette has been built by the Lafayette & Logansport Traction
Co., which is owned by this company.
Total track, Including controlled
companies and sidings, 212 miles. At Logansport, Peru. Wabash and Bluffton connection Is made lor Indianapolis over tracks of Indiana Union Trac
tion Co. In May 1008 began through service between Ft. Wayne and In
dianapolis over tracks of Indiana Union Traction Co. See V. 82, p. 1101
Ralls. 60,70, 72, 80 and 00-lb. In Oct. 1907 began operating cars between
Ft. Wayne and Lafayette. Owns 3 Dower houses and 4 pleasure parks,
Has 81 closed and 88 open cars and 117 motor equipments. Controls
entire electric light and power business of Ft. Wavne.
LATEST E A R N IN G S — For 11 mos. ending Nov. 30 1910. gross, $1,
389,640; net, 5016,694; Int. & taxes. 5496,767; surp 5119,9^7
gross, 51,284,806; net, 5536,111; Int. and taxes, 5468.943, surplus, 567,168.
R E P O R T __For Ft Wayne & Wab. Val. Trac. for cal. years end. Dec. 31:
'
1909.
1908.
1907.
1906.
Gross earnings............... $1,414,526 $1,322,635 $1,283,722 $1,109,032
Operating expenses____
821,723
737,134
746,036
676,816
5432,186
5537,686
5585,501
5592,803
Net earnings-----------160
59
85
Other Incom e_________
5432,346
5537,745
5585,586
5592,803
Total Income...............
364,232
427,315
488,756
521,350
Fixed charges.................
568,114
5110,430
596,830
571,453
Surplus------------------(1) Ft. Wayne Bluffton & Marion Traction Co,— A trolley road.
ORGANIZATION.— Incorp. In April 1905. Stock, both com. and Pref..
all owned by Ft. Wayne & North. Ind. Traction Co., which guarantees the
bonds, p. & 1. Is leased to guarantor for 99 years. F r a n c h is e In I't. Wayne
35 years; In BlulTton and Ossian 50 years; others perpetual.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Common. 5300,000.................................................
See text ....................
See text.
-------
Preferred 5250.000..........................
1st mtge, 5400.000, gold! 1905
5 g J-J
5 4 0 0 , 0 0 0 July 1 1935
(51.000), guar __________ JInt. at Guar.Tr. & S. D. Co., Phlla., Trustee
ROAD.— Comprises 23 miles of track between Ft. Wayne and Bluffton.
70-lb. rails.— V. 81, p. 507.
(2) Lafayette & Logansport Traction Co.
..
. ,
ORGANIZATION.— Incorporated In 1906 In Indiana. All the stock
s owned by Fort Wayne & Northern Indiana Traction Co., which guarances the bonds, principal and Interest. Nearly all private right of way
r a n c h is e In Lafayette, 50 years; In Logansport, 92 years; others perpetual.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock 5500,000...........................................................
5500 000 ...................
First mortge. 51,000,000 gold 1 1906
5 g J-D
849,000 June 1 1936
(51.000) guar. pri. & Int c* lint, at Guar. Tr. & S. D. Co.'Phlla., Trustee
B o n d s . — 5100,000 bonds are reserved for extensions, betterments, &c.,
at 85% of cost.
ROAD.— Operates 35
miles of track from Lafayette, via Delphi to
Logansport. 70-lb. rails. Was completed July 1 1907. V. 88, p. 375.
FORT WAYNE & SPRINGFIELD RAILWAY CO.— A trolley road.
ORGANIZATION.— Incorporated July 2 1903 In Indiana. V. 86, p.1042.
Private right of way between Ft. Wayne and Decatur. F r a n c h is e for 50
years In Decatur. 28 years In Ft. Wayne. See V. 89, p. 162.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Common 51,000.000 (5100)...............
F-A
5673.000 In 1909. 4%
F?r?t mortgage 51,000,000 g\ 1910
5 g A-O
220,000 April 1 1930
(5500)
____c*/In t. at Cleveland Trust Co., C'eve.,Trustee .
Bonds.— Are subject to call at 105 on any Interest day.
D iv i d e n d s .— In 1907, 2% ; In 1908, 4% ; In 1909, 4% .
EARNINGS.— For year ending July 31 1909, gross, 564,007; net, 528,
814; Interest and taxes, 54,541; dividend, 521,942; surplus, 52,331.
ROAD.— Operates 21.6 miles between Decatur and Ft. Wayne, total
track 23.7 miles. 70-lb. T rail; gauge 4 ft.
In. An extension from
Decatur to Berne (12 miles) Is being constructed.
OFFICERS.— Pres. & Mgr., W. H. Fleddcrjohann; V.-P , B. A. FlcdderJohann; Sec., John II. Koenig; Treas., Chas. Dlrkson.— V. 86, p. 1042:
V. 89. p. 162; V. 90, p. 1101.
FORT W ORTH , TE XAS.
CITIZENS’ RAILWAY & LIGHT CO.— Street rallwayand electric light.
ORGANIZATION.— Incorporated In Texas Aug. 28 1906 as a consollelation of the Citizens* Ll^ht & Power Co. of Ft. Worth, the Arlington
Heights Street Ry. and the Ft. Worth & Rosen Heights Street R y. Co.
V. 85, p. 30.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, 51.000,000 (5100)............................... - - - $1,900,000 - - - - - - - -
First mortgage. 51 000,000? 1906
5 g F-A
550,000 Aug 1 1926
(51.000), g o ld .............- _c*l Int. at Citizens Sav.&Tr.Co.. Clev., Frus.
Unissued bonds
B o n d s . — Subj. to call on any Int. date at 105 and Int.
are reserved for betterments. No sinking fund.
EARNINGS.— For 12 months ending Dec. 31 1910, gross, 5274,551,
operating expenses and taxes, 5206,185; net, 568,3‘>6.
ROAD.— Operates 13H miles of track In Ft. Worth, Including lines
running to Arlington Heights and Rosen Heights. Gauge, 4 ft. 8H In.;
60-lb.T and 70-lb. girder rail. Owns and operates electric-lighting plant.
OFFICERS.— Pres., Warren Blckncll: V .-P .. Sec. & Gen. Mgr., A. J.
Duncan Jr., Ft. Worth; Treas., C S. Thrasher, Cleveland. Oper. Mgrs.,
the Warren Blckncll Co.— V. 85, p. 530.
NORTHERN TEXAS ELECTRIC CO.— A holding company.
ORGANIZATION.— Incorporated In Maine Nov. 16 1905 and acquired
stock of the Northern Texas T r a c t io n Co. See V. 89 p. 411.
Stockholders on April 4 1910 authorized a new mtge. to acquire bonds of
Nor. Texas Trac. Co. and to provide funds to take up additional bonds of
that company. 5150,000 com. stock Is owned by Pub. Ser. Invest. Co.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
L a s tD lv .
Common 52.500,000 (5100)...............
Q-M
52,500,000 Mar. 11, I H
Pref 6 % n-c 52.500.000 (5 1 0 0 )___
MAS
2 .5 0 0 . 0 0 0 M ar.’ 11,3%
Coll trust M 510,000,000 gold) 1910
5 g J-J
1,500,000 Jan 1 1040
sink fund (see text) ..c * &r*/Int. at Commonwealth Tr. Co.. Bos.,Trustee
Notes payable Dec. 31 1910_____________________
250,000 ---------------S t o c k .—The preferred stock Is redeemable at 110.
510,000 of the 52,
500,000 com. Is In treasury. Both classes of stock are listed on the Boston
Stock Exchange.
B o n d s .— Of the coll, trust bonds, 52,500,000 are reserved to retire Nor.
Texas Trac. 1st M. bonds and 55,643,000 are for acquisitions, Improvements,
extensions, &c., at 80% of cost; 5357,000 are In treasury. Coupon bonds
are In denomination of 51,000- regls. bonds, 51,000, 55,000 and 510,000.
Callable as a whole or In part, for s. f only, at 105 and Int. on any Int. date.
S i n k i n g f u n d of 1% of bonds out begins not later than Nov. 1 1911.
Bonds
are secured by deposit of all the stock of the Nor. Texas Trac. Co. V. 90
p. 373, 1239.
D iv i d e n d s .— First dlv. on pref., 1% , paid Mch. 1 1006, and 2% was paid
Sept. 1 1906; 1907 to 1910 Incl., 6% per annum. In 1911, Mch., 3% .
First dlv. on com., 2 % , paid Sept. 1 1909; In 1010, Mch., 2% ; June, 1 K % ;
Sept.. 1 K % ; Dee., l ' A % : In 1911, Mch., 1 H % REPORT.— Of combined companies t o r 12 months ending Dec. 31 1910,
gross, 51,442,807; net, 5676,586; Interest and taxes, 5232,521; dlvs., 5293,
175: sink, fund, 53,095; surplus, 5147,795.
OFFICERS.— Pres., Marshall M. Phlnney; V.-P., Wilbur A. Carter:
Sec., Clement R. Ford: Treas., Henry B. Sawyer; Gen. Mgrs.. Stone &
Webster Mgt. Assn., Boston.— V. 89, p. 411; V. 00, p. 373, 1239.
(1) Northern Texas Traction Co.— A trolley road.
ORGANIZATION.— This was formerly the Fort Worth Street Railway
Co., chartered by the Texas Legislature In 1874 for 100 years. In 1901
application for amendment to charter was granted, changing Its name to
the Northern Texas Traction Co. The Traction Co. then purchased the
City R y., and In 1901 obtained legislative permission to extend its road from
Fort Worth to Dallas, a distance of 30 miles. In 1902 purchased the Dallas
& Oak C1UT Electric Ry. and redeemed that company's bonds: also acquired
the Glenwood & Polytechnic College Street Ry. F r a n c h is e s In Fort Worth
expire In 1973; In Dallas In 1945 and 1920; others between 1945 and 1950;
has private right of way outside of cities.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock 53,500,000 (5100).....................
Q F
52,900,000 - - - - - - - - -
First mortgage 52,500,0001 1903
5 g J-J
2,500,000 Jan. 1 1933
(51,000) gold— no slnklngjlnt. at Citizens’ Sav. & Tr. Co.. Cleve., Trus.
fu n d ................................ c*j or at Chhse Nat. Bk.. New York.
B o n d s . — First mtge. bonds are subject to call as a whole on Jan. 1 1913
and on any Interest date after 1913 at 105 and Interest.
ROAD AND EQUIPMENT.— Owns and operates 88.8 miles of track In
Ft. Worth and Dallas Including an InterurDan line of 33 miles between
them. All tracks In Ft. Worth have been re-lald with 60 to 85-lb. rails.
Forlnterurban use 70-lb. T rails; standard gauge; 154 cars.— V. 00, p.628.
F R E D E R IC K , M A R Y L A N D .
FREDERICK RAILROAD.
ORGANIZATION.— Incorporated Dec. 7 1909 as a consolidation of the
Frederick & Middletown RR ., the Jefferson & Braddocks Heights R R . and
the Wash. Fred’k & Gettysburg Ry. (18 miles at present operated by
steam). Also assumed lease of the Myersvllle & Catoctln Elec. R R ., ex
piring Feb. 1 1914 (for terms of lease see V. 73, p. 287). V. 89, p. 1667.
In 1910 acquired a controlling Interest In Frederick Gas & Elec. Co. and
Issued 540,000 additional pref. stock to pay for same. V. 91, p. 1446.
STOCK AND BONDS.—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Common 51,250,000_________ _____
_________
650,000 __________
Preferred 5250,000 6% cum_______
_________
180,000 ---------------First and refunding mtge 51,-1 1910
5 g M-S
190,000 Mch 1 1960
500.000 gold (51,000)____ j Fidelity Trust Co., Baltimore, Trustee.
Fred & Middletown first mtge 1 1906
5 g J-J
250,000
1936
5250.000 gold (5 1 ,0 0 0 )-..cJFUlellty Trust Co.. Baltimore, Trustee.
B o n d s . — 5250,000 1st & ref. bonds are reserved to retire like amount of
prior Hens. Bonds are subj. to call as a whole on any Int. date at 105. Int.
Is payable at company’s office In Frederick. Fred. & Mldd. bonds are subj.
to call at 105 on any Int. date.
ROAD.— Operates by electricity from Frederick through Braddock's
Heights and Middletown to Myersvllle, 14.5 miles, and from Braddock
Heights to Jefferson, 4.5 miles. Total, 19 miles. Operates by steam 18
miles from Frederick to Thurmont.
An extension from Thurmont to
Emmlttsburg and thence to Gettysburg Is proposed, and probably also from
Jefferson to Brunswick.
OFFICERS.— Pres.. Emory L. Cobentz; V .-P., Dr. Franklin B. Smith;
Treas., Thomas H. Haller: Sec., Charles C. Waters. V. 89, p. 1667: V. 90,
p. 1296; V. 91, p. 1446.
____ ______
FR EE P O R T , IL L ,
FREEPORT RAILWAY & LIGHT CO.
ORGANIZATION.— Incorp. In Illinois on Aug. 20 1910 as a consolida
tion of the Freeport Ry. Light & Power Co. and tho Freeport R y. & Light
Co. (the holding company).
F r a n c h is e s expire March 1 1923.
Has traffic arrangement for 50 years
with the Rockford & Interurban Ry. Co., allowing cars of that company
to enter Freeport. Also has contract for city lighting.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
................ *
Common $850,000 ....................................................
Preferred S400 000 __________ _____
_________
1ou.UUU ---------------Freeport Ry Lt * P 1st mtgej 1903
5 g M-N
335.000
See text
5350.000 g (51.000)___ c*l American Tr & Sav. Bk , Chicago, trustees.
Freep Ry & Lt mtge 52,000,- I 1910
5 M-N
425,000 Nov 1 1935
000 g (5100, 5500 & 51,000) lint, at Cont. & Comm. Tr. & S. B., Ch.,trust.
B o n d s . — Int. on F. R. L. & P. bonds Is payable at offices of Rudolph
Klcyboltc Co., Inc., in N. Y ., Cln. and Chic. Arc subj. to call after May l
1913 by lot at 105 & Int. 515,000 have been retired. Maturity of bonds Is as
follows; 55,000 due In each of the years 1910, 1912 and 1913 and 55,000 an
nually from 1915 to 1921 Incl., the remainder In 1922. A s k . f d . provides for
he payment of 52,000 per ann. for first 10 years and 55,000 per ann. there
after. Of the Freep. Ry. & Lt. bonds, 5350,000 are reserved for prior liens .
They are subj. to call at 102 y , on 30 days’ notice In 1915. Sk. fund begins
In 1915. V. 91, p. 716.
EARNINGS.— For cal. year 1910, gross, 5100,292; net, 535,394.
ROAD.— Operates 9 m. of track; 60 and 90-lb. T rail. Standard gauge,
OFFICERS.— Pres., A. J. Goddard, Freeport; V .-P ., Chas. E. Gregory,
Chicago; Sec., I. II. Hollister, Freeport; Treas., Fred Dorman, Freeport.—
V . 9 1 ,p.716.
__________ __________
FRESNO, CAL.
FRESNO TRACTION CO.— A trolley road.
In 1910 Southern Pacific assumed control.
ORGANIZATION.— Incorp. In California In 1903 to build 196 m. of elec
tric railway, including lines from Fresno to Wawona, 79 m.; Fresno to Selma,
Fresno to Trimmer’s Springs and Fresno to Central and Washington Col
onies. Stockholders In 1904 auth. a mtge. to secure 55,000,000 bonds.
V. 78, p. 1222.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock. 55,000.000 ..................................................... 55,000,000 ...................
Mortgage. 55,000,000 ____ ______
(?)
58,000
(?)
6 g J-J
150,000 Jan. 1 1922
Fresno City Ry first mtge/ 1902
5150.000 gold (51.000)-_c*iUnlon Trust Co., San Fran., Trustee.
B o n d s . — Fresno City bonds have a s in k in g f u n d of 53.000 per annum for
first 2 years, 55,000 per annum for next 5 years and 57,500 per annum for
next 10 years, commencing Jan. 1 1905. Bonds cannot be called. In
terest payable In New York and San Francisco.
• ROAD.— Including the old Fresno City Ry. (whloh the Fresno Traction
operates under lease), has 31 miles of track In and about Fresno. Standard
gauge, 61-lb. T rail.
OFFICERS.— Pres., W. F. Herrin; Sec., F. C. Ambrklge, Fresno; Gen.
Mgr., F. W. Webster.— V. 76, p. 1192; V. 77, p. 1746; V. 78, p. 1222.
GADSDEN, A L A .
ALABAMA CITY GADSDEN & ATTALLA RY.
ORGANIZATION.— Incorporated under a special charter from the State
of Alabama. Operates, besides street railway, a light plant, an Ice plant,
and a coal yard.
,, , „
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock 5500,000 (5100)
5330.000 ------- - - - -
New mortgage 5300,000 gold/ 1906
5 g M-N...........298,000 Nov. 1 1036
(51,000)...........- ................. (Interest at Trust Co. of Amer., N. Y ., Trust.
B o n d s . — The unissued bonds are reserved for further additions at 90 %
of cost. New bonds are subject to call on any Interest date at 105.
ROAD.— Operates 11 miles of track, connecting the points named In the
title. Standard gauge, 40-lb. T rail. An extension of 5 miles to Noccalula
Falls was built, but Is not now In operation. Early In 1910 began operating
a 2-mile extension to plant of Southern Iron & Steel Co
OFFICERS.— Pres., G. II. Schuler, Birmingham; V .-P., Geo. Van
Zandt, Chicago; Sec. and Treas., E. T. Schuler, Gadsden.— V. 83, p. 817.
G A IN E S V IL L E , G A .
GAINESVILLE RAILWAY & POWER CO.
ORGANIZATION.— Incorporated In Georgia In July 1909. Is successor
to the Gainesville Electric R y., sold at foreclosure. V. 89, p. 103.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock 5150,000 (3100) - - - - - - - - — —-----------5125,000 ------— _— _
Mortgage 5150,000 gold
} 1909
6 g J-J
125,000 Jan. 1 1930
($500) ________________c*/ln t.at Cent.Bk.&Tr.Corp.,Atlanta,Ga.,trus.
B o n d s . — Remaining bonds are for extensions and betterments.
Subject
to call after 1914 at 105.
ROAD.— Operates 6 miles between Gainesville and New Holland and to
Chattahoochee Park. Standard gauge. 70-lb. T rail.
OFFICERS.— Pres., A. G. Sharp; V.-P., W. A. Carlisle; Sec. & Treas.,
W II. Slack.— V. 89, p. 103.
G A L E SB U R G , IL L .
PEOPLE’ S TRACTION C O — A trolley road.
ORGANIZATION.— Incorporated In Illinois on May 23 1901.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock 5200,000 (5100).....................
.................
5150,000 ...................
First mortgage 5150,000 gold/ 1902
5 g M-S
150,000 Mch. 1 1922
(5100) .........................c*&r.l Interest at Farmers’ & Mech. Bk., Galesburg
B o n d s . — Are subject to call after 10 years at 105.
L. A. Townsend Is
trustee.
EARNINGS.— For cal. year 1910, gross, 541,018; net, after taxes,511,409
ROAD.— Operates 12y i miles of track from Galesburg to Abingdon.
Standard gauge. 60-lb. T rail.
OFFICERS.— Pres., A. P. Higgins; Sec. and Treas., Chas. S. Harris;
Managing Engineers, Knox Engineering Co., Fisher Building, Chicago.
V. 75, p 1232.
ROCK ISLAND SOUTHERN RAILROAD.
ORGANIZATION.— Incorp. in 1006 under Steam R R . Act of Illinois.
Operated by electricity for passengers and steam for freight. Is controlled
by same Interests as Rock Island Southern R y . F r a n c h is e s In Monmouth
are for 20 years.
STOCK AND BONDS— D a te .
In terest.
O u ts ta n d in g .
M a t u r it y
_______
$500,000
Stock' $500,000 ($100)___________
First mortgage, $2,500,000,1 ----5 g J-J
500,000 Jan 1 1947
gold ($1,000)----------------- c/In t. at Amer. Tr. & Sav. Bk., Chic., Trustee.
B o n d s arc redeemable after Jan. 1 1912 at 105.
EARNINGS.— For year ending June 30 1910, gross, $92,522; net after
taxes, $50,533. In 1909, gross, $91,438; net after taxes, $52,105.
ROAD.— 16 miles between Galesburg and Monmouth. 75-lb.TraiI.
Standard gauge.
OFFICERS.— Pres., M. A. Walsh; V .-P., E. C. Walsh; Sec. & Treas.,
J. W. Walsh; Gen. Mgr., W. W. McCullough.
’
GARY, INDIANA.
GARY & INTERURBAN RY. CO.
In Glirve jcdlres^l9 V7 •7 n ? ra4e d Ln I,nd!?na ln Au£- 1907. F r a n c h is e
S’T n n g a wn n o N n c 1 ffltRn' 1959; In Hammond, 1939.
Stock°$lK000 000 ?$25G ' ~
^
% T eSL
° 1 Y a ? d/?o''TanA T1Ur^ Refunding & 1st mtge $lo',-i 1910
5 J-J
l$ooo’ooo
V 'la sn
000,000 g ($500 & $1,000) . lnt Tn N ^ ' o r C h ic ^ r t h T u g ^ a v V e n c e
B on ds.
Remaining bonds L y W u c W r
at ^ c £ t n s '
mprovemcnts &c under certain restrictions': SubJ to caB a t lO S a ^ d
thc'rcafteJ V 91,/0p 1385
CaCh ycar from 1915 to 1920 and 2%
D iv i d e n d s .— Initial div., 1%. paid July 1910; Oct., 1 % -In l9 1 l Tan 1 -
with lines running to centre of Chicago. Standard M iim fiT r iT T u h 3
GALVESTON , T E X A S.
T rail. Additional lines In Gary and extenriOM to East a»“ cago andIndiana
Harbor arc under consideration.
itu ana lna,ana
GALVESTON-HOUSTON ELECTRIC CO.— A holding company.
OFFICERS.— Pres., F. N. Gavlt; V.-P., F. C. Raff- Sec
Chas w
ORGANIZATION.— Incorporated In Maine on May 8 1907. Controls
Chase; Treas., L. E. Woodward; Mgr., A. C. Miller.— V 85 d I 4 fii:
through ownership of stock the Galveston Electric Co., the Houston Elec
P’ 1461 ’
Co. and the Galveston-Houston Elec. Ry. Co. The stock of the two former V. 89, p. 993, 1596; V. 90, p. 1675; V. 91, p. 1385.
companies nas neon exchanged for a like amount of this comoanv's stork
except $8,600 com. and $127 000 pref., which is still unexchangcd
5150,
GENEVA, N. Y.
0 0 0 com. stock Is owned by Pub. Ser. Invest. Co.
v
•
GENEVA & AUBURN RY.— Trolley.
STOCK AND BONDS'- "
D a te , [ f i t . P ct » O u tstfitid in n
T n^t TUn
ORGANIZATION.—Chartered March 18 1895 as a consolidation of the
Common $3,000,000 ($100)............. M-S 15 $2 991 400 M ch lS u V l^ V
Geneva & Waterloo and other
companies. Ownso nthe
Cayuga Lake Part
2.873 000 M chl 5 ’ l l \'v
Pref $3,000,000 6 % cum ($100)____M-S 15
n r n n p r t v n f Rrt a n r n v
G ra A a o
< ***
p 562 In Sept. m
1909 ________J
name of company1 wall
property of 50 acres. VV A60.
Notes payable Dec. 31 1910. ....................... ..
302 332
11 4 "
B lo c k . -Pref. Is callable at 120 and accum. div.; $i,000 000* of Dref" ~r<v changed from Geneva Waterloo Seneca Falls & Cayuga Lake Traction
to
the
above.
ported outstanding above is in treasury of company Both pref and c'o^T
are listed on Boston Stock Exchange. Unissued pref. arid common
STOCK AND BONDS—
D a te .
In te r e s t.
O u tslo.n d in g
M a tu r ity
Common stock, par $100.............................. .......
$350,000
’ “
Pref, $100,000 ($100)---------- -------6
100,000 1908-'o9"~fl V
Ge^ <kv' ) . ^ l!,b -mtge 52,500.-1 1909
5 g A-O
400,000 April 1 ’loan
000 ($o00 & $1,000) g c& r/ln t. at West End Trust Co.. Phlla.. Trustee
inre™it?‘T /n>wnds arc subject, to call on and after April 1 1914 at 105 and
Interest, sinking /und of
of 1% begins April 1 1914.
(unnA . 5 n t:621), dIvs- 517°,496; balance, $55,524.
h TTrflr-,
•— i r? roa(i extends from Geneva to Cayuga Lake Park, through
ROADS.-Controls 134.7 miles of track.
Waterloo and Seneca Falls, 17 miles; sidings, 54 mile. An extension from
OFFICERS.— Pres- Marshall M. Phlnney; V.-P., Edward Byrnes: Sec.. Seneca I-alls, through village of Cayuga, to Auburn a distance of about 1 2
Clement It. lord ; Ircas., Henry B. Sawyer; Gen. Mgrs., Stone & Webster
Boston.— V. 89, p. 593; V. 90, p. 372, 559, 1613; V. 91, p. 1327.
’ 70.1b ’ girder'* anda60 Tb ^ ko T ^ e f f e 1 “ UeTng^ l| p r o p o s ^ 0^
cars?8 trail cars^ 1 s n ^ ^ lo w "i^ w eep erard &aUgC' 0perates 25 motor
« o /^ 1?Lj'wA0 .nr^^ctric Co*— A trolley road.
n o t too
o r g a n IZ A 1 ION.— Incorporated In Texas on May 1 1905 as successor _ .EA11NIN G S . Por year eliding June 30 1910. erross 898 7
to the Galveston City Ry. Bee V. 80. p. 1971. Does the entire elwtriS 210 F FICEUS Pres liCRCltR 2 oYY'v Ipii?'°t9, ^ '° ssb«94.63'l; net, $44?499'
railway and part of the electric lighting business of the city. F r a n c h is e V. 84| p. 51; V . 89, p. 721R ' Q V ‘ Plttst,urKh- Pa.— V. 80. p. 2344;
Houston Electric C o StantlalIy a11 tho stock >3 ™ ned by the Galveston
CommoOnK$lA0N00.0B00 m o^T . . .
m^ * '
°$T ooolloo^ Se,R TO I t
Pref 6 % n-c $1.000,000 ($100) .H I
fl M-S
5 ’5 0 0 000 S
’ o’ 3 $
First mortgage $2,500,0001 1905
5 g M-N
1 2 1 1 nnn u l t 1 i n i !
« 1 .0 0 0 ) ...................C*j Interest at^rtV T ru stto'^B oton '^ ru .sW e 0
$150,000 of°pref. reported outstanding
treasury
n«no/
^ie J)onds $1,267,000 reserved for additions and ImproveiooH
,i° n n-frnn^'nnH s i n ’i in. ° J u m l of 1 A % of bonds certified began
a r csiih lcc^ V ^ n ifn ^ ’ an{? ? n Ju y 1 1 9 1 1 becomes a llxed charge. Bonds
110 am interest
Intm st on
in 30
in days
h? 0 e or.,ln Pa£ for sink, fund on any lnt. date at
notice. See V 81, p. 075.
Sept ,1 3 $ % ° n COm" Orstdlv., 1 A % . Sept. 1909. In 1910, Meh., 1 A % ;
„
Embraces 35.1 miles of tiack. Standard gauge. 60-lb. rail,
nas 1 2 cars.
c.FAJ£~ANGS-— For 12 months ending Dec. 31 1910, gross, $369,338; net,
5 1 A4/,9S%.lnt- & taxcs- 578,722; dlvs., $51,000; sk. fd., $9,247; bal., $5,718!
OFFICERS.— Pres., Marshall M. Phlnney; 1st V.-P., Eliot Wadsworth2d V.-P., Wilbur A. Carter; Sec., Clement R. Ford; Treas., Henry B Saw
yer; Gen. Mgrs., Stone & Webster, Boston.— V. 81, p. 975; V. 85, p. 599.
(2) Galvcsfon-Housfon Electric Ry. Co.— A trolley road.
ORGANIZATION.— Incorporated In Texas on April 17 1 9 0 7 with
$3,000,000 capital stock ($100), Increased April 13 1909 to $3,500,000
lP. bhGd an electric railway between Galveston and Houston, a distance of
44.o miles. I rivate right of way has been obtained and road is now under
v /o o n Unnnh^nrwnf .rIay t4 1,9,07 tlle stockholders authorized an issue of
a ii
bonds for construction purposes. V. 84, p. 1247; V. 90, p. 3 7 2
All the stock is owned by the Galveston-IIouston Electric Co.
*
*
S to c k a n d B o n d s —
Stoc™$G3K50A0N000UON.DS: ~ . . D a [e:
™ e_ re* [M a tU r U ^
F1 (8 5 0 0 ^ l*nno00’0f dt«ignnn \ 4999
5*g A -'o '* 2,'75o!oOO O c t " i ‘ i954
&5$05,000'rc°g)
c&rj IntCreSt at Clty Trust Co" Boston, trustee.
i r J l 0Tlll3‘
Remaining $2,250,000 bonds arc reserved for acquisitions and
fimPi »y<Ynrnts’, . Subject to call on any lnt. day In whole or In part for sink
fund at 105 and lnt. Sink. fund of 1% of bonds Feb. 1 1910 to 1944; thereaitcr 1M % . I'lrst live payments waivable. Bonds are guar., p., i. and s
P.’ 6b0y0-OV V90°p3'097CC' C° ' SeC V ' ° ° ’ P‘ 697’— V - 84- P- 1247: V. 85,'
(3) Houston Electric Company.— Trolley.
ORGANIZATION.— Chartered at Austin, Tex., on Oct. 26 1901, and Is
f P i o r f i t0 i,be Houston Electric Street Railway Co., sold at foreclosure
vestem-HouYton°E?ectrIo' Co!bstantla*ly a<> the stock Is owned b W a f t
ComYumY^mm oonYtRnm
common $2,000,000 ( $ 1 0 0 ) . . . ___
F^rst0 ^ . 11’ ? ? , '000"b00 ($100) ------
In v e s t.
_ __
F-A*"
O u ts ta n d in g .
M a t u r it y .
<2 000 non Snnt-’ in 1
l ’.ooo’.ooo Aug.’ 10,’3 %
PI55fw?SirnS?Sf0 i *2/> 9? .° 09 1000
5 g F-A
2.500,000 Aug. 1 1925
i n,k fund c*lInt. at International Trust Co.. Boston, Trus.
I8?}1®; but not any part, can be called at 107 'A and Int.
See 1VA,J7 4
*■>( a nnn°nds ?utstandlrig payable on Aug. 1 each ycar.
68b. $344,000 was held by this fund on Dec. 31 1910.
D iv i d e n d s . — Dividend on preferred stock due Aug. 1904 and Feb 1905
W
f v e 7 9 ,enaU, 7^ sy 11fe I'}nId,bo? cott: the strlke was terminated Oct 11
1 OO4 (V. 79, p. 1704) and dividends were resumed on Aug. 1 1905 when
J/o was paid; 1006 to 1910, IncL, 6% annually. On com first div '1
Paid Sept. 1909; in 1910, Meh.. 1 H % ; Sept., 1 >A%
” 1 H/o'
ralL° Operatesmfo 3 Ccars.-1 mllCS of track- Standard gauge. 45 to 96-lb.
EA RNINC;S.— For 12 months ending Dec. 31 1910, gross $ 9 1 9 O'ii. net
ti tn'rnn' lntcr.
cst aad
taxes, $168,773; sinking fund, v
$39,381;
dividends'
$120,000;
surplus,
$21,329.
*
’ Ulv‘
ueuus,
OFFICERS’. Pres., Guy E. Tripp; V .-P ’s Marshall M. Phlnnev and
Henry G. Bradlec; Sec., Clement It. Ford; Treas., Henry B. Sawyer Agts
Stone & Webster, Boston.— V. 81, p. 1795; V. 85, p. 600.
* ’ KlS"
G A R D N E R , M ASS.
GARDNER WESTMINSTER & FITCHBURG STREET RY.— In Dec
1899 absorbed the Gardner Electric Street Ry
s r ^
r s , 0 .8 : . . . DaJ e:
First mortgage ($1,000) gold) 1900
/ “
5 F-A
• ° t » * S e e A»
185,000 Aug
T iafo
G IR A R D , P A .
CLEVELAND & ERIE RAILWAY CO.
O R G A m ^ T I O N .— Incorporated in June 1909. Is successor to Conneaut & Erie Traction Co., sold at foreclosure. Owns all the stock and
bonds and leases the Conneaut & Erie Traction Co. of Ohio, which owns
1.99 miles of track. F r a n c h is e s are for 999 years.
stnX°vinoYfmD B 0N D S-—
D a te I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Mrst mortgage $800,000 gold) 1909
5 J-J
500 000 Ju'lv'VToia
($250 and $ 5 0 0 )...............c )ln t. at Fidelity Trust Co.. PhiU trustee
Income bonds $500,000 ($2501 1909
5 July
500 000 .Tulv 1 1 0 2 0
and $500) . .
...
J m t . at Fidelity Trust Co . Phila trustee
B o n d s .— Remaining first mortgage bonds are reserved for extensions
betterments, &c. They are subject to call at 105 and lnt ™ i Z 81°
Gee. Int. on income bonds is only payable if earned and is non V,,™'
They are subject to call at par. Bonds have no slnkingfund
J u I v l 9 K)
Int. on incomes was not paid.
b
u' auiy laxo
EiVRNINCS— For year end. Dec. 31 1910, gross, $101 903- net x?n
434; charges, $29,243; dcllcit, $8,809.
oxux. huj, net, $20.R ° Ap . — Owns 31.29 miles of track. Operates between Conneaut and
Er'e- ;s tandard gauge; 60-lb. rail; 6 passenger and 8 other cars
OFFICERS.— Pres., Robt. W. Watson, Harrisburg, Pa • V -P W t
Fling, Germantown. Pa.; Treas., J. R. McDonald. Erie Pa • Asst 9 ee
J. M. Smith, Girard. Pa.; Mgr!, R. W. Palmer. Girard, Pa
S *
G IR A R D V IL L E , P A .
SCHUYLKILL RAILW AY CO.
pm chase^heVropm ty of th^SchulflklU
‘(foVnVth^Lakeside Ry.
s t & ° i Ko o ^ ? ( $ B5 r . D s- - . Date
in u rest- °
»
M a tu r i,v ■
1st cons mtge, $1,450,000, g) 1905 5 g A-0
540 000 " 'i n s s * '*
($500 and $1,000)---------c*/In t. at Fidelity Tr. Co Phlla
B o n d s . Of the $1,450,000 authorized, $805,000 are reserved to retire
the underlying liens in statement below. Are subject to call at nar X lnt
EARNINGS.— For year ending June 30 1908! gross ? 206.480-^neX'
atlng expenses, Including taxes and insurance, $104,300: net S102 ianInterest. $68,500; surplus. $33,680.
n cl’ * IO2*180,
OFFJCERS.— Pres., Powell Evans, Phlla.; Sec. & Treas., J. A . McKee
Phlla. V. 80, p. 1729; V. 82, p. 1157; V. 87, p. 2 8 6 .
aicjj.ee,
(1) Schuylkill Traction Co.— A trolley road.
ORGANIZATION.— Chartered Sept. 26 1892, In perpetuity under the
Motor Traction Act of March 2 2 1887. Road opened Ju ne 1 1893
On Ian
6 1893 leased for 999 years the Mahanoy City Shenandoah ■
G ira rd in i?*
Ashland Street Railway
On Oct. 5 1893y leased for 990 y e in tW s h to n d
Looustdale & Centralla Elec. Ry. Owns all the stock of these two road
which is pledged under the first mortgage. On April 27 1900 leased fS? 9 9 9
years the Lakeside Ry which connects the two ends of the cmnnXnv’s
routes from Mahanoy City to Shenandoah and purchased 2 600 of theP? oon
shares of the capital stock. On Jan. 24 1901 leased the
Pottsvlllo Street Ry. for 999 years (Incorporated Aug. l 1900) and from
PottsvIUe to Shenandoah. 13 miles, and bought all Its capital stock® Tim
1 9,sl*1,0, Shenand°ah & Pottsv. stock is pledged under consol
5 TOCK AND BONDS— M i l e s . D a te . In te r e s t. O u tsta n d ln a
1st M, $500,000. g. $5001 22'4
1893
5 g A-O
*500 000
i
6 $l ,000, s f $10 000)Interest Is paid at Eqult. Tr. Co'., Trustee Phlla3
y ’ly after Apr 98 c*J Bonds may be purchased for sink ng fund at l o t '
1st mtge, Lakeside Ry.) 5)4 1893 4 g M-N
150 000
Nov 1 1 9 2 3
g. $150,000, guar b y ) Interest at Equitable Trust Co
Phlfadelnhln3
Schuylkill Traction ..J Trustee.
’ ^ nl‘ adelphla.
New con mtge, $2,000,-) . .
1901 4 A g J-J
al05 0 0 0 iniv 1 io-,i
000 ($1,000), g- - -C*/ Interest at Fidelity Trust C o..P lilia.^ Trestee1
alhese bonds, It is stated, will be redeemed In the near future
lusceei /Aonds- Gf the $105,000 consols reported outstanding, $36,000 are held
In the treasury . Bonds are subject to call at any time at 105 and interest
S in k in g f u n d of 1 % of bonds outstanding becomes operative on Aua- 1 1 9 0 7
R ° a 6 — Schuylkill Traction Division 2 2 K mlleS of 1track beYfnning It
Locustdale, thence through Ashland, Holmesville to Girardvilie formlnJ
there a Y, one branch running through Lost Creek to Shenandoah and thi
other branch to Maizeyllle. GUberton and Mahanoy City. Lakeside D1
vision 5 A miles. Total 28 miles. 60 and 70-Ib. T rail. Extensions of 4 a
miles proposed and charters obtained. Operates 51 motor cars 4 work
- V . 8 0 % 172°o1 swcepers‘ Iixt€nslve Improvements have been made
G R A N D R A P I D S , M IC H .
ROAD.—-Owns 12 miles of main track from Gardner, through South
COA1MONWEALTH POWER. RAILW AY & LIGHT CO.
Fi'tnh?n,rr ^nci 'Y cstmlinster to I-Itch burg, where connection Is made with the
ORGANIZATION.— Incorporated ln Maine Feb 19 1 9 1 0 to cam- n.,t
^ ‘ ebburg & Leominster Street Ry ; also constructed a branch line to
Wachusett Lake, which was opened for traffic on May 26 1900 but Is plan outlined In V 90, p .108, 447, for amalgamating the foUowSg electro
power and street railway
enterprises
ln Michigan8 ciectrio
operated as a summer branch only. In Sept. 1908 was authorized to carrv light,
I’ niM n i n m i m o l t n D nuroi* f ’ o
If
on
m i .
..
__*
89
freight and baggage. Total, 16 miles. 26 cars
3 “ umurizcu to carry Commonwealth Power Co. f(V.
Flint Gas Co. "(V. 79, p. 2591)
p. 921).
Cadillac
Water
&
Light
Co.
(V. 81’
^ ,i5AI.lNINGS-— For 9 mos- cnd- June 30 1910, gross, $45 634- net SI?
779; charges, $9,366; dividend, $7,400; dcllcit, $3 987*
. net, $ 1 2 , Grand Itaplds-Muskegon Power Co.
p. 1495).
Saginaw-Bay City Ry. & Light Co.
Charlotte Electric Co.
OFFICERS.— Pres., E. F. Blodgett, Leominster; V.-P., Geo. R. Damon
Grand
Rapids
Railway
Co.
Leominster; Sec., Treas. & Gen. Counsel, James A. Stiles, Gardner- Asst
Shiawassee Light & Power Co
Michigan Light Co.
Treas., Walter R. Dame, Clinton.— V. 69, p. 1247.
Au Sable River property and right*
Flint Electric Co.
it r \ \ E—
----- i n — i i — / l nt. at Mercantile Trust Co., Boston, Trustee
Rnr terms of exchange of com. stock of first four cos. see V. 00, p. 108.
I n 191™ th e C o n s u m e rs ' P o w e r C o . w a s I n c o r p o r a te d to ta k e o v e r th e
ele Com CmPorn w ea lteh P o w e r , R y . & L t . o w n s a ll o f t h e c o m . s t o c k s a n d c e r t a in
p r e fe r r e d s t o c k s o f t h e :
I S a g in a w -B a y C ity R a ilw a y C o.
C on su m ers P o w e r C o .
G ra n d R a p id s R y .
,|Cadillac W a te r & L ig h t C o .
M STOCK— g h t C ° '
D a te .
In ter es t.
O u tsta n d in g .
M a tu r ity .
P r e ? ( 6 '™ c u m )' $ 6 ?00 0 ?00CK$ 1 00 ) I " "
" Q -' f “
^ o o o io o o F e b /lR iM
Dividends.— Q u a r . d l v s . o f l 'A % h a v e b e e n p a id o n p r e f . f r o m M a y 1
1 9 1 0 t o a n d I n c lu d in g F e b . 1 1 0 1 1 .
,
,
„
E A R N I N G S — C o m b in e d e a r n in g s o f c o n s t it u e n t c o m p a n i e s f o r 12 m o s .
e n d in g A p r i l 3 0 1 9 1 0 , g r o s s , $ 4 ,6 7 4 ,0 0 1 ; n e t . a ft e r t a x e s , $ 2 ,0 2 3 ,8 3 1 ; l n t . ,
5 8 2 2 .0 5 8 ; s u r p l u s , $ 1 ,2 0 1 ,7 7 3
O F F I C E R S — P r e s . , A n t o n G . H o d c n p y l ; V . - P . , C . M . C la r k ; V . - P . a n d
Sec
G e o E H a r d y ; T r e a s . a n d A s s t. S e c .. J a c o b H e k m a : A s s t. T r e a s .
R.
13. M a r t in .— V . 9 0 , p . 1 0 8 , 4 4 7 , 6 2 6 , 9 1 6 , 9 7 0 ; V .0 1 , p . 38, 2 1 4 V .0 2 , p . 2 6 0 .
(1 ) G r a n d R a p i d s R y . — T r o l l e y .
O R G A N I Z A T I O N , & e .— I n A p r i l 1 9 0 0 w a s I n c o r p o r a t e d a s a s u c c e s s o r
c o m p a n y t o t h e C o n s o li d a t e d S t r e e t R y . a n d t h e N o r t h P a r k S t r e e t R y . ,
a n d o w n s a ll t h e s t r e e t r a il w a y p r o p e r t ie s o f G r a n d R a p i d s a n d v i c i n i t y .
F r a n c h i s e s e x p i r e In 1 9 1 9 , In 1 0 2 0 a n d In 1 9 2 1 .
O utstanding.
M a tu r ity .
STOCK AN D BON DS—
D a te .
In terest
$2,0 0 0 ,0 0 0 M ch ’ 1 1 ,1 %
S t o c k c o m $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) -------------------Q -M
1.500.000 F e b .’ l l , 1M
Q -F
P r e f $ 2 , 0 0 0 ,0 0 0 c u m 5 % ( $ 1 0 0 ) ------------3 .3 3 0 .0
G r a n d R a p R y C o 1 st n i t g e ) 1 9 0 0
5 g J -D
. 0 0 Ju n e 1 1016
S3 5 0 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) c * / I n t e r e s t a t N e w Y o r k T r u s t C o . , T r u s t e e .
B o n d s . A c . — O f t h e n e w m o r t g a g e f o r $ 3 ,5 0 0 ,0 0 0 , $ 1 6 1 ,0 0 0 h a v e b e e n r e
t ir e d b y s i n k i n g f u n d .
S in k in g f u n d b e c a m e o p e r a t i v e o n O c t . 1 1 9 0 5 ,
p a y a b l e 1 % o f b o n d s o u t u p t o O c t . 1 1 0 1 0 , t h e n 2 % u p t o 1 0 1 5 (s e e
V . 7 0 , p . 1 1 4 9 ) . B o n d s c a n n o t b e c a ll e d .
See V . 7 2 , p . 1 1 8 7 .
B onds
a r e li s t e d o n N e w Y o r k S t o c k E x c h a n g e .
D i v i d e n d s . — D iv id e n d s o n
p r e fe r r e d s t o c k a re c u m u l a t i v e a n d 1 H %
q u a r t e r l y h a s b e e n r e g u l a r ly p a i d u p t o a n d I n c lu d in g F e b . 1 .*1 9 1 1 .
The
fir s t d l v . o n c o m m o n — - 1 % — w a s p a id S e p t . 1 1 9 0 6 a n d h a s b e e n a t r a t e
o f 4 % a n n u a l ly s in c e t h a t d a t e t o a n d I n c lu d in g M c h . 1 9 1 1 .
E A R N I N G S . — F o r c a le n d a r y e a r s ;
Y ea r—
G ross.
N e t.
C h a rg es.
P r e f. D iv . B a t., S u r
(5 % ) $75 ,000 $256,660
1910
$ 1 ,1 3 2 ,5 7 8 $ 5 6 9 ,3 1 3 $ 2 3 7 ,6 5 3
(5 % ) 7 5 ,0 0 0
234,100
1 9 0 9 _______ 1 .0 2 9 ,0 1 1
5 3 6 ,1 5 6
2 2 7 ,0 5 6
tra ck .
126 m o t o r cars
R O A D . — O w n s a n d o p e r a t e s 6 3 .1 7 m ile s o f
a n d 15 t r a ile r s .
„
. _
. .
O F F I C E R S . — P r e s , a n d G e n . M g r ., B . S . H a n c h e t t , G r a n d R a p i d s ;
V . - P s . , C . M . C la r k a n d L e s t e r .1. R l n d g c ; S e c . & A s s t . T r e a s . , L . .1. D o
L a m a r t e r ; T r e a s . & A s s t . S e c . , G . L . E s t a b r o o k , P h il a d e lp h ia .
O ffice ,
G r a n d R a p i d s , M ic h .— V . 8 4 , p . 2 2 0 , 7 4 9 ; V . 8 5 , p . 4 0 .
(2 ) S a g i n a w - B a y C i t y R a il w a y C o .
„
.
O R G A N I Z A T I O N . — T h is c o m p a n y Is a c o n s o l i d a t i o n o f t h e S a g in a w
V a ll e y T r a c t i o n C o . a n d r a il w a y d e p t , o f t h e B a y C i t y T r a c t i o n & E l e c . C o .
I n 1 91 0 M ic h . R R . C o m m , g r a n t e d p e r m is s io n t o I n c r e a s e s t o c k b y
$ 1 ,1 0 0 ,0 0 0 a n d t o Issu e S 5 ,0 0 0 ,0 0 0 1 st & r e f . b o n d s .
STOCK AN D BO N D S—
D a te .
I n ter es t.
O u ts ta n d in g .
M a tu rity .
S t o c k . $ 2 , 6 0 0 , 0 0 0 - - ..............
.A ll o w n e d b y C o m m o n w . P r. R y . & L t. C o.
F ir s t a n d r e f u n d in g m o r t g a g e ) 191 0
5 M -S
$ 1 ,1 5 0 ,0 0 0 M c h 1 1 9 J ‘>
5 5 ,0 0 0 .0 0 0
______ ________ J .M ic h ig a n T r u s t C o . . G r a n d R a p i d s , T r u s t e e
S a g in a w V a lle y T r a c 1 st M ,J 1 8 9 9
5 g F -A
8 2 0 ,0 0 0 T e b
1 ll L O
$ 8 5 0 ,0 0 0 , g ($ 1 ,0 0 0 e a c h ) c * ) I n t . a t B o s t o n S a fe D e p . & I r . C o . , t r u s t e e
B o n d s . — O f t h e 1st & r e f . b o n d s $ 8 5 0 ,0 0 0 a r e r e s e r v e d t o r e t ir e S a g . V a l.
T ra c. b on ds.
I n t e r e s t a t c o m p a n y 's a g e n c y In N e w Y o r k .
....
.
T h e S a g in a w V a lle y T r a c t i o n C o . fir s t 5s u n is s u e d a r e h e ld a s a d d i t io n a l
s e c u r i t y f o r t h e S a g i n a w - B a y C i t y R y . & L ig h t C o . 5 s .
sin k in g J u n d o i
$ 8 ,5 0 0 p e r a n n u m o n t h e s e b o n d s c o m m e n c e s F e b . 1 1 9 0 7 a n d r u n s i o r o
y e a r s , a f t e r w h ic h $ 1 7 ,0 0 0 p e r a n n u m Is p a y a b l e , s a id f u n d t o b e ln v e s t c u
In t h e b o n d s a t n o t a b o v e 107 A a n d I n t e r e s t .
S in k in g fu n d h e ld In h e p t .
S t o c k . — Pref. Is red. at any time after Dec. 1 1929 at par and accum. dlvs.
B o n d s . — Remaining bonds are reserved for acquisitions, additions and
extensions under certain restrictions. S i n k i n g J u n d of 2% of bonds out
began March 1 1910. V 86, p. 172.
D i v i d e n d s . — Semi-annual dlv. of 6% paid yearly on pref. since July 1 1906
— V. 86, p. 172; V. 90, p. 112.
(5)
Cadillac Water & Light Co.
Commonwealth Power, Light & R y. owns all the capital stock.
ORGANIZATION.— Incorporated In Michigan In 1905.
STOCK AND BONDS.
D a te .
In ter es t.
O u tsta n d in g .
M
Stock— All owned by Commonwealth Power, Lt. & R y. Co.
First mtge $200,000 ($500 &) 1905
5 M-S
120,000
$1 000) g o l d ......................./Interest at Michigan Trust Co.
B o n d s . — Sub. to call at 102.
Sinking fund $4,000 per annum.
PR OPERTY.— Owns electric and water plants in Cadillac.
a tu r ity .
1925
GRAND RAPIDS GRAND HAVEN & MUSKEGON RY.— Electric
road. Third-rail system. Water power.
ORGANIZATION.— Incorporated in Michigan on March 6 1899 to build
an electric road on fenced right of way, connecting the three cities named
In the title, a total distance of 48 miles. The road was entirely completed
and put In operation about May 1 1902. Thirty-year franchises In all
towns through wldch It passes; otherwise private right of way.
STOCK AND BONDS—
D a te .
In terest.
O u tsta n d in g .
M a tu rity .
Stnok XI 200 000
_______
$1,200,000 ---------------1st mtge, $1.5bo,obb“(Yl",bbo)T 1901
5 g J -J
1,500.000
g o l d ................................ c *jln t. at Standard Trust Co., N. Y ., Trustee.
B o n d s . —The Interest on outstanding bonds was guaranteed for o years
by the Security Investment Co. of Pittsburgh. See V. 76, p. 479.
EARNINGS.— For 12 mos. end. Dec. 31 1910, gross, $294,311; net,
$109,541; In 1909, gross, $282,091; net, $124,929.
ROAD.— Extends from Grand Rapids In a northwesterly direction to
Muskegon, with a branch to Spring Lake and Grand Haven. Connects at
Grand Haven with Goodrich Line of steamers for Chicago and Crosby Line
of steamers for Milwaukee. Total track, 48.13 miles: 70-lb. Trail. Oper
ates 19 passenger, 10 freight and express and 3 work cars. Also does a
freight, mall and express business.
OFFICERS.— Pres.. Geo. C. Smith, New York; V.-P. and Gen. Mgr.,
VV. K. Morley, Grand Rapids; Sec. and Asst. Treas., Wallace Franklin
Detroit; Treas., Carl M. Vail, New York.—V. 76, p. 479.
GRAND RAPIDS HOLLAND1& CHICAGO RA IL WA Y.
ORGANIZATION.— Incorporated In Michigan In July 1904 and Is a re
organization on Aug. 1 1904 of the Grand Rapids Holland & Lake Michigan
Rapid Ry. See V. 79, p. 627. Power Is supplied to company by Grand
Raplds-Muskegon Power Co., but company maintains own station in readi
ness to operate In ca^e of emergency. F r a n c h i s e s In city of Holland and
village streets expire In 1928 to 1930; remainder on private rights of way.
STOCK AND BONDS— D a t e .
In ter es t.
O u ts ta n d in g .
M a tu rity .
Common, $500,000__________ _____
_______
$500,000 ---------------Pref, $850,000. 6 % .____ ____ _____
_______
850,000 ...................
1st mtge, Grand Rapids Roll 1900
5 g F-A
1,500,000 Aug 1 1920
& Lake Mich, $1,500,000, )Int. at American Tr. & Sav. Bank, Chicago,
gold ($500 ami $1,000)___ j Trustee, or at Guaranty Trust Co., N. Y.
B o n d s . — A s i n k i n g f u n d 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 subject to call.
TRACK.— Operates 75 miles of track from Grand Rapids through Holland
to Macatawa and Saugatuck, with steamer connection at Holland for Chic.
OFFICERS.— Pres., Geo. Hendrle; Sec. and Treas., Strathearn Hendrle.
—V. 75, p. 1301; V. 78. p. 702, 768; V. 79, p. 627.
UNITED LIGHT & RAILWAYS CO.
O R G A N I Z A T I O N .— -In
In co
corp
rp oorated
ra te d in M aine In 1910 per plan In V . 9 1 ,
p. 96. H as acq u ire d th e fo llo w in g co m p a n ie s:
C adillac (M ich .) Gas L ig h t C o.
I La P o r te (In d .) E le ctric Co.
Cedar R a p id s ( la .) Gas Light C o.
La P orte (I n d .) G as L igh t C o.
19
R O A M )’.— 1O p e r a t e s ' 56 m ile s o f s t r e e t r a il w a y t r a c k In S a g in a w a n d B a y
C h a tta n o o ga (T e n n .) Gas C o.
1 M attoon (111.) Gas L ig h t C o.
C i t y , in c lu d in g a n ln t c r u r b a n lin e b e t w e e n t h e t w o c i t ie s .
F
t.
D
o
d
g
e
L
ig
h
t
C
o.
]
M uscatin e ( la .) L ig h t & T r a c tio n .
O F F I C E R S . — P r e s ., I I . I ). W a ib r i d g e ; S e c . . I t . G . K e s s le r , I r e a s . , J . W .
A ll o f th e b on d s o f the F t. D od ge L ig h t C o ., M uscatin e L ig h t & T r a c . C o.
G le n d c n n l n g ; G e n . M g r ., F . T . H e p b u r n .
and M a tto o n Gas L ig h t C o. are to be taken up In e x ch a n g e fo r 1st & 2d.
pref. s to ck s o f U n ited L t . & R y s .
O w ns all th e 1st m tg e . b on d s ($75,000
A l l t h e 'c o n i ! a n d $ 2 0 (L o 6 o p r e f . s t o c k is o w n e d b y C o m . P o w . K y • &eLtt' (^ j
au th . an d o u t) o f M a tto o n Gas L ig h t & C oke C o.
O R G A N I Z A T I O N . — I n c o r p . in N e w J e r s e y £ 1 9 0 4 T , Sh f r n T n t 9 1 0
D o cs entire gas business in C edar R a p id s (su p p ly in g also su b u rb s o f
o f J a c k s o n G as C o ., K a la m a z o o G a s C o . a n d P o n H a c L ig h t C o .
In 1 9 1 0 M arlon an d K e n w o o d Park an d in terv en in g te r r it o r y ), F t . D o d g e an d
a c q u i r e d e n t ir e c a p i t a l s t o c k o f F li n t G a s C o . , B a y C i t y G a s G o . a n d S a g l
M uscatin e, l a .; C a dillac, M ich .; La P o r te , I n d .; M a tto o n , III., and C h a tta
n o o g a , T e n n .; entire e lectric ligh t and p o w e r business In F t . D o d g e an d
aS T O fT t \ n d
BONDS.
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity
M uscatin e, l a ., an d L a P o rte , In d . T h is Includes s a tisfa cto ry c o n tr a c ts
C o ^ m o Cn - A U No w n e d b y C o m m o n w e a lt h P o w e r . R y & L ig h t C o .
fo r ligh tin g the c it y streets In each c it y ; entire ele ctric ra ilw a y business In
- - - - - j 52, 144, 000 Jan 1 1, 1/ 5
P r e fe r r e d 6 % c u m u l a t i v e ------- -- - - - M uscatin e, l a ., an d entire h o t w ater d is trict h ea tin g system In L a P o r t e , In d .
750 ,000 M ay 1 1916
S a g C i t y G a s 1st M , $ 1 ,0 0 0 ,-1 1901
5 j r MUM
C h ild, H u lsw lt & C o. o f G rand R a p id s , w h o p r o m o te d th e c o m p a n y In
A u g . 1 9 1 0 ,offe re d th e s to c k In b lo ck s o f 10 shares (par $100) 1st p re f. a n d
4 shares (par $100) c o m . fo r $ 1 ,0 0 0 .
V . 91, p . 519.
M a tu r ity .
O utstanding.
STOC K A N D B O N D S—
D a le.
Interest.
$80 0,00 0
C o m m o n , $1 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . ____
________
la c k s o n G a s C o m tg e $ 3 5 0 ,- \ 18 9 7
5 A -O
3 1 0 ,0 0 0 A p r 1 19 37
1st p re f., $1 2 ,5 0 0 ,0 0 0 ($ 1 0 0 ),
0 0 0 g o ld ( $ 1 , 0 0 0 )
. . . . . c j I llin o is T r u s t & S a v . B a n k , C h ic ., tru s te e .
,133,000 .......................
6% cum------- ---------------------------Q-J
5 -%
4 0 0 ,0 0 0
1920
K a l G a s C o m t g $ 4 5 0 , 0 0 0 ------- -- 1 9 0 0
8 66 ,500 .......................
2d pref, $ 5 ,0 0 0 ,0 0 0 , 3 % c u m . ------Q -J
P o n t ia c L t C o c o n s o l m t g e l 1 9 0 2
o
1 9 0 ,0 0 0
1927
100.000 F e b 1 1925
C adillac Gas L t 1st M $15 0,00 0 1905
5 F -A
75,0 0 0 A p ril 1 1913
C
edar
R
a
p
G
asL
t
IstM
$75
,000
------5
A
-O
B o n d 's — 'T h e 1S a g i n a w C i t y G a s b o n d s a r e s u b j e c t to c a ll a t 1 0 5 a n d ln t .
C h a tta n o o ga Gas 1st m tg e $ 1 ,.
o n 6 w e e k s ’ n o t ic e .
T h e B a y C it y G a s b o n d s a re s u b . to c a ll a t 1 1 0 a n d
6
54 .000 Jan 1 1927
500
,000
g
o
ld
($
1
,0
0
0
)---c*
1907
5
J-J
ln t . o n a n y ln t . d a t e u p o n 4 w e e k s ’ n o t ic e .
500 .000 ____________
C h att. Gas Co pref s to c k , 6 % . ------6 /o
P R O P E R T Y . — C o n s t it u e n t c o m p a n ie s o w n a n d o p e r a t e t h e g a s p r o p e r
250 .000 F e b 1 1923
F t D L t & P o w 1st M, $35 0,00 0 1903
5 h -A
t ie s I n J a c k s o n . K a la m a z o o , P o n t i a c , F l i n t , S a g i n a w a n d B a y C i t y .
215 .000 A p r 1 1925
La P o rte Gas L t I s t M , $250,-1 1905
5 A -O
(4) Consumers’ Power Co.
. . _ „ „ „
„ . . „
A ll th e c o m . a n d $ 3 0 0 ,0 0 0 p re f. s t k . a re o w n e d b y C o m . P . R y . & L t . C o
O R G A N I Z A T I O N . — I n c o r p o r a t e d in M a in e I n 1 9 1 0 .
O w n s a ll th e co m .
s t o c k s o f C o m m o n w e a lt h P o w e r C o . , G r a n d R a p ld s - M u s k e g o n P o w e r C o
( o w n i n g e n t i r e c o m . a n d m a j o r i t y o f p r e f . o f G r a n d R a p i d s E d is o n C o . )
F l i n t E l e c t r i c C o . , C h a r l o t t e E l e c t r i c C o . a n d S h ia w a s s e e L i g h t & P o w . C o
A ls o a c q u i r e d A u S a b le R i v e r p r o p e r t y a n d r i g h t s .
STO CK AND BONDS.
Date.
Interest. Outstanding.
Maturity
C o m m o n — A l l o w n e d b y C o m m o n w e a lt h P o w e r , R y . & L i g h t C o .
P r e f . ( $ 1 0 0 ) 6 % c u m ___________ _____
Q -J
$ 3 ,7 5 0 ,0 0 0 J a n . , 1 1 .1 )4
1 s t & r e f M $ 3 5 , 0 0 0 , 0 0 0 g o ld ! 1 9 1 1
5 J-J
4 ,0 4 4 ,0 0 0 J a n
1 19 36
( $ 1 , 0 0 0 ) ___________________ c * / H a r r i s T r . & S a v . B a n k , C h i c . , t r u s t e e .
Stock.— P r e f . s t o c k i s r e d . o n a n d a f t e r J a n . 1 1 9 2 0 a t 1 0 5 a n d a c c d . d l v .
Dividends.— F i r s t d l v . o n p r e f . , 1 ' A % . p a i d J u l y 1 9 1 0 a n d s a m e a m o u n t
q u a r . s in c e to a n d In c h J a n . 1 9 1 1 .
, . ,
Bonds.— R e m a i n i n g b o n d s a r e r e s e r v e d u n d e r c e r t a i n r e s t r ic t i o n s f o r
e x t e n s io n s a n d a d d i t i o n s a t 8 0 % o f c o s t .
S u b J to c a ll o n J a n . 1 19 16 o r
a n y ln t . d a y th e re a ft e r a t 1 0 5 a n d ln t .
S in k , fu n d o f 1 % o f b o D d s o u t
( i n c l . p r i o r lie n s ) a n n u a l l y b e g in s I n 1 9 1 5 .
V . 92, p . 4 6 5.
E A R N I N G S . — F o r y e a r e n d . D e c . 31 19 10 , g ro s s, $ 1 ,9 8 2 ,4 2 7 ; n e t, a ft e r
t a x e s . $ 9 6 8 , 4 3 2 ; I n t e r e s t , $ 4 9 6 , 6 5 0 ; s u r p lu s , $ 4 7 1 , 7 8 2 .
I n 19 09 , g ro ss
$ 1 ,7 7 8 ,1 6 7 ; n e t, a ft e r ta x e s , $ 8 2 5 ,7 0 6 .
,
,
.
P R O P E R T Y . — C o n s t it u e n t c o m p a n ie s o w n a n d o p e r a t e t h e e l e c t r i c
li g h t a n d p o w e r p r o p e r t i e s In G r a n d R a p i d s , K a la m a z o o , J a c k s o n , H i n t
S a g in a w , B a y C it y , P o n t ia c , B a t t le C re e k , M u s k e g o n , L a n s in g a n d a n u m
b e r o f i n t e r m e d ia t e c i t i e s a n d t o w n s . — V . 9 0 , p . 1 6 8 0 ; V . 9 2 , p . 6 1 , 4 6 o .
(a) Commonwealth Power Co.
„ .
O R G A N I Z A T I O N . — I n c o r p o r a t e d I n N o v . 1 9 0 4 I n M a i n e a s a c o n s o li d a
t i o n o f 6 w a t e r - p o w e r a n d e l e c t r i c c o m p a n ie s i n s o u t h e r n M ic h ig a n .
STO CK AND BO NDS—
Date.
Interest. Outstanding. Maturity
c o m m o n $ 2 , 5 0 0 , 0 0 0 ( $ 1 0 0 ) ...........................................
w ;;.;*
P r e f $ 5 , 0 0 0 , 0 0 0 ( 6 % c u m ) $ 1 0 0 _____
Q -J
1 > 2 7 2 ’ 2 2 R ™S c c
F ir s t m o rtg a g e $ 4 ,0 0 0 ,0 0 0 g ) 19 04
5 J-D
2 ,6 8 9 ,0 0 0 D e c 1 19 24
s i n k i n g f u n d ( $ 1 , 0 0 0 ) — c * / l n t . a t F i r s t T r u s t & Sav. B k . , C h i c . , t r u s t e e
Stock.— P r e f . Is s u b j e c t t o r e d e m p t i o n o n a n d a f t e r J a n . 1 1 9 1 8 .
B o n d s .— S in k , fu n d fo r 5 y e a rs fro m D e c . 1 19 09 2 % o f b o n d s o u t; se c
o n d 5 y e a rs , 3 % , a n d t h ir d 5 y e a rs , 4 % .
Dividends o n p r e f e r r e d p a i d I n f u l l s i n c e o r g a n i z a t i o n . V . 8 9 , p . 9 2 1 .
(b) Grand Rapids-Muskcgon Power Co.
ORGANIZATION.— Incorporated In 1904. Owns the com. and a ma
jority of the pref. stock of the Grand Rapids Edison Co.
STOCK AND BONDS—
Date. Interest.Outstanding. Maturity.
C o m m o n $ 1 , 5 0 0 , 0 0 0 ( $ 1 0 0 ) ................................. - - - P r e f ( 6 % c u ) $ l , 5 0 0 , 0 0 0 ( $ 1 0 0 ) ------s e m l- a n n
$ 1 ,5 0 0 ,0 0 0
1 ,0 6 0 ,0 0 0
................
See te x t.
First mortgage $7,500,0001
1906 5 M-S
2,215,000 Mch 1 1931
gold J. . . . . . . . . . . . . . . . -lin t , at 1st Tr.& S.B..Ch!c.,or 1st N .B ..N .Y .
G r a n d R a p E d C o 1st m tg e g l
1902 5 M -N
1 ,0 5 0 ,0 0 0 M a y 1 1916
( $ 1 , 0 0 0 ) s i n k i n g f u n d ___ c ’ J I n t . a t A m . T r . & S . B . , C h i c . , t r u s t e e .
G r R p E d C o u n d e r l v ’ g b o n d s . -----------------------1 3 ,0 0 0
---------------------
S to ck .— 1st p re f. s to ck Is re d . a t 105 an d a ce . d lv s .
2d p re f. s to c k Is red .
a fte r 3 years fro m d a te o f Issue, share fo r share, Into 1st p re f. o r c o m . s t o c k ,
at o p tio n o f h o ld e r. C om . Is o n ly stk . w ith v o t in g p o w e r. V .9 1 , p .9 0 , -HO.
B o n d s .— 1T h e C lt. R y . & L t. C o. b o n d s are s u b . to call on a n y ln t. d a te a t
110 and lnt. A sin k , fu n d , co m m e n cin g in 1907, con sists o f a sum su fficien t
to retire $15 ,000 bond s ye a rly a t 105 and ln t.; $ 46 ,000 retired to Jun e 1 1 9 1 0 .
C h att. Gas b o n d s are s u b . to call a fte r Ja n . 1 1917 a t 10;> an d lnt.
V . 84,
p. 805 . L a P o r te Gas L t . 1st m tg e . a r c s u b je c t to call o n a n y ln t. d a y a t
105 and ln t. V . 81, p . 1496.
R O A D .— O perates 12 m iles o f track In M u scatin e, l a .
7 0 -lb . T
rail. S tan d ard ga u g e. 36 cars, 26 m o to r an d 10 trail.
R em ark s a b o v e
sh ow c o m p a n y ’s c o n tr o l o f ligh tin g business In v a riou s cities.
O F F I C E R S .— P res., F ran k T . H u lsw lt; V .-P s ., R ich a rd S ch a d d elee,
R a lp h S. C h ild; S e c. & T re a s ., BenJ. C. R o b in s o n . V . 91, p . 96, 519.
GREEN B A Y , W IS .
GREEN BAY TRACTION CO.— Trolley.
ORGANIZATION.— Incorp. In Wise. In June 1905 and Is a consolidation
of the Fox River Elec. Ry. & Power Co. and the Knox Construction Co.
In 1906 absorbed the Green Bay Gas & Electric Co., although separate
organization Is necessarily maintained. See V. 82, p. 573, 631, and V. 86.
p. 172, for particulars of that company. Street railway Jranchise Is per
petual and exclusive until 1918.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock, $1,000,000 ($100)........ ... ................. .......
$1,000,000 ...................
1st mortgage, $1,000,000, gl 1905 5 g J -D
725,000 June 1 0 ’35
($1,000).................... ....... c/Union Trust Co., Detroit, Trustee.
Green Bay G & E 1st & retl 1905 5 g M-N
467,000 May 1 1935
M, $750,000. g ($1,000)_c*Jlnt. at Wisconsin Tr. Co., Mllw., Trustee.
Bonds.—The Green Bay Traction Co. bonds arc subject to call at 105
until 1925; thereafter at par. The Green Bay Gas & El. bonds arc subject
to call at 105 until 1924; thereafter at par.
EARNINGS.— Exclusive of Green Bay Gas & Electric Co.
Calendar Year.
Gross.
Operating Expenses.
Net.
1009 .............................................. $164,441
$95,361
$69,080
190H
__________________ 148,538
99,980
48,558
R O A D . — Owns andoperates all lines In the city of Green Bay; also a lino
from Green Bay toDe Pere City, and branch to Duck Creek, and a line from
Green Bay to West De Pere, Little Rapids, VVrlghtstown and Kaukauna;
total 40 80 miles. 45 and 78-lb. rail; 30 motor cars; 12 trailers.
OFFICERS.— Pres., A. M. Murphy, Green Bay; V.-P., L. E. Myers
Chicago; Sec., B. L. Parker, Green Bay; Treas., F. E. Murphy Gen. Mgr
J. T. Huntington.— V. 81, p. 558; V. 82, p. 568.
E L E C T R IC
F e b ., 1 9 1 1 . j
G R E E N SB O R O . N . C.
NORTH CAROLINA PUBLIC SERVICE CO.
ORGANIZATION.— Chartered In North Carolina In 1909. Purchased
the Greensboro Elec. Co. Operates electric light, power and street railwayproperties In Greensboro and High Point, and gas property In Greensboro.
Also operates the city pumping plant at Greensboro, and serves the villages
of Proximity, Revolution and White Oak. Power Is purchased from South
ern Power Co. In 1910 franchises had the following number of years to
run: Greensboro, 28 yrs., High Point, 59 yrs.; Winston-Salem, 58 yrs.;
also has a 30-yr. franchise In Guilford County and townships.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock $3,500,000____________ _____
_______
$3,500,000 ...................
First ft ref. mtge. $3,500,0001 1909
5 A-O
See text
Apr 1 1934
($500 and $1,000)________ lint, at Guardian Trust Co., N. Y ., trustee.
Greensb. El. Co. 1st M. $400,-1 1902
5 g A-O
400,000 April 1 1927
000, gold ($500 & $1,000).clln t. at Trust Co. of America, N. Y ., trustee.
Greensb. Elec. Co. new M.l 1905
5 g J-D
250,000 June 1 1930
$750,000 g($500&$ 1,000)c ’ JInt. at Mercantile Trust Co., N. Y ., Trustee.
Bonds.— Of the 1st & ref. mtge., $750,000 are reserved for prior liens,
$750,000 arc held In treasury and $2,000,000 are reserved for future Im
provements and acquisitions under proper limitations. V. 88, p. 1128.
Subject to call on any lnt. date at 105 and lnt. Sink. fd. of 1% per annum
of gross income July 1915 to 1920; 1 V,% July 1920-1925 and 2% 1925 to
maturity. $400,000 Greensboro Elec, new bonds are reserved to retire
prior liens and $100,000 for future extensions. They are subject to call
on any Interest date at 110 and Interest. Of $400,000 Greensboro Elec
tric 1st 5s, $5,500 were Issued under mortgage of 1901.
EARNINGS.— For 12 mos. ending Sept. 30 1910, gross, $207,293; net,
$83,851. lnt. and taxes, $40,355; surplus, $37,490.
ROAD.— Owns 15 miles of track In and around Greensboro and In High
Point. 00 and 70-lb. T and 90-lb. girder rails. Standard gauge. 25 cars.
Extension to High Point and an Interurban line between Greensboro and
Winston-Salem are proposed. Owns Bindley Park at Greensboro.
OFFICERS.— Pres., B. S. Coler; V.-P., Z. V. 'Taylor; Sec. & Treas.,
L. II. Hole Jr.; Gen. Mgr., J. P. Clerk.— V. 88, p. 1128; V. 91, p. 1512.
G R E E N V IL L E , S . 0 .
GR EE N V IL LE TRACTION C O — A trellcy road.
In Sept. 1910 Southern Power Co. purchased control.
ORGANIZATION.—-Incorporated in South Carolina on Sept. 7 1899.
Power Is supplied to this company by the Greenvllle-Carollna Power Co
for particulars of which sec V. 85, p. 224. Operates 15 miles of track.
STOCK AND BONDS— Date.
Interest. Outstanding.
Maturity
stock, $500,000 ($100)................................ ..........
$308,000 ______ .
First mtge $250,000 currency) 1901
5 F-A
250,000 Feb 1 1931
($1,000 and $500).......... c*J Interest at Girard Trust Co., Phi la.. Trustee.
— V. 91, p. 1511.
R A IL W A Y S
53
company In turn acquired $70,000 of the $100,000 capital stock and entire
bond Issue of the Newport News Gas Co. The Newport News & Old Point
Ry. ft E ec. also has acquired $95,500 of the $100,000 stock of Danville
Ry. & Elec. Co. and all that company's bonds. In Nov. 1905 acquired
entire capital stock of the Hampton Roads Traction Co., successor to the
Hampton Roads Railway & Electric Co., sold under foreclosure, and com
prising 21 miles of track. Formerly also controlled the Norfolk & Atlantic
!urnllnaJ „
"df* ent,re stock of this company was sold In Nov. 1906 to
the Norfolk & Portsmouth Traction Co., which see under Norfolk. Con
trols the railway, electric lighting and lee business In Newport News, Hamp
ton. Old Point and Phoebus. Also controls gas business In Newport News.
Aug. 18 1908 company was granted permission to Increase fares from 5 to
10 cents between Newport News and Hampton. Fare from Newport News
to Old Point, 15 cents.
In Nov. 1910 company purchased $606,000 gen. M. bonds out of proceeds
realized from sale of certain securities deposited as collateral for said bonds.
V. 91, p. 791, 1254, 1447. See details of re-llnanclng In V. 91, p. 1447 .
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common, $1,075,000 ( $ 1 0 0 ) ..____
_______
$1,075 000
Pref 5% cum ($100)...........................
5 J-J
725,000 July 2~;d2,’ 2)$ %
First mortgage, $900,000,f 1898 5 g M-N
900,000 Nov. 1 1938
gold ($1,000 each)...........c*) Interest at AlexBown & Sons, Balt., Md.
First mtge Citizens Ry Lt ft Pj 1900 5 g M-N
800.000 May 11940
$800,000 ($1,000), gold.c*) Maryland Trust Co., Baltimore, Trustee.
Guaranteed prln and lnt___JInterest at Alex. Brown & Sons, Baltimore.
Geneial mortgage, $4,000,-1 1901 5 g M-S 1,602,000
Mch 1 1941
000, gold ($1,000 each )..c*( lnt. at Alex. Brown & Sons, Baltimore, Md.,
I or at company’s agency In New York.
Bonds.—The Maryland Trust Co., Baltimore, Is trustee of both the hrst
and general mortgages of the Newport News ft Old Point Railway &
Electric. The Newport News ft Old Point bonds of 1898 are subject to
call at 110 on any Interest day at 60 days’ notice. The Citizens’ Railway,
Light A Power Co. bonds are subject to call at 110 on any Interest day at
60 days’ notice; they are guaranteed by the Newport News & Old Point Ry.
& Electric. See V. 71, p. 84. Of the $4,000,000 general mortgage bonds,
$1,700,000 are reserved to take up at maturity the outstanding Urst mort
gage bonds of the Newport News & Old Point Ry. & Elec, and the Citizens’
Ry., Lt. ft Pow., and $698,000 have been retired.
In addition to the mortgage lien, bonds are secured by a deposit of the
stock of the Citizens' Railway, Light & Power Co.. Hampton Roads Trac.
Co., Danville Ry. & Electric Co., and bonds of the latter company.
EARNINGS.— Of the Newport News ft Old Point Ry. & Elec, and
controlled companies for 12 months ending Oct. 31 1910, gross, $800,381;
net, $337,547; deductions, $258,561; surplus, S78,986.
ROAD.— Including Citizens’ R y., Light & Power Co., Hampton Roads
Trac Co. and the Danville Ry. ft Elec. Co., operates 50.60 miles of track.
OFFICERS.— Pres., Wm. J. Payne, Richmond; Sec., D. C. Zolllckolfer,
Richmond: Treas., II. L. Schmelz, Hampton; Aud., F. von Shilling, Hamp
ton.— V. 88, p. 452, 624, 1561; V. 91, p. 791, 1254, 1447.
G R O TO N , CONN.
GROTON & STON1NGTON STREET RY.—A trolley road.
ORGANIZATION. — Incorporated In Connecticut on Aug. 17 1903.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
$400,000 See text.
Common, $400,000 ($100)....................................
Pref, 6% , $200,000 ($ 100) ..................................
200.000 See text.
1st mtge, $375,000, gold) 1904
5 g J-J
375.000 July 1 1924.
($1,000).............. ............. e] Interest at International Trust Co., Boston.
33,579 __________
Notes payable June 30 1910-------------------------------Bonds.— No s. t., but bonds are subject to call at any time at 120 and
Interest. Trustee Is Treasurer of State of Connecticut.
Dividends.— On pref. In 1905 06, 6% ; on common In 1905-06, 3% . On
pref. 1906-07, 7)4% . On pref., 1907-08, 6% ; on com., 1907-08, 1 )$%.
In 1908-09, com., 2)4% ; pref., 6% ; In 1909-10, com., 3% ; pref., 6% .
EARNINGS.— For year ending June 30 1910, gross, $112,384; net. $56,
022; fixed charges, $34,619; new equip. $811; dlvs. (9% ), $24,000; deficit
$3,438.
ROAD.— Operates 20)4 miles of track from Groton, through Noanlt,
West Mystic, Mystic, Stonlngton and Paweatuck, to Westerly, It. I. Put
In operation on May 6 1905. Connects by ferry with New London. Stand
ard gauge, 70-lb. T rail. 18 passenger and 3 other cars.
OFFICERS.— Pres. Thos. Hamilton, New London; V.-P., B, F. W ill
iams, Mystic; Sec., Chas. D. Noyes, Norwich; Treas., Costello Llppltt,
Norwich: Gen. Mgr., Thomas W. Itvley, Mystic.— V. 80, p. 2344.
G U L F P O R T , M IS S .
GULFPORT & MISSISSIPPI COAST TRACTION CO.
ORGANIZATION.— Incorporated In Mississippi In 1905. Purchased
the Biloxi Electric Ry. & Power Co. and the Gulfport Development Co.
In 1907 Increased stock from $1,000,000 to $2,000,000.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $2,000,000 (S100)......... ...............................$1,000 000
...................
1st mort., $1,000,000, gold,) 1905
6 g A-O
1,000,000 Sept. 30 ’35
($1,000).............................. |lnt. at Hibernia Bk. & Tr. Co., N. Orl.. Trus.
Second
m ortga ge
gold) 1907
6 g J-J
$638,000 July 1 1932
($1,000) — ____________ c] Hibernia Bank & Trust Co., Trustee.
B lll.E l.lt ftp . 1st mtge., g 1903
6 g J-J
200,000
1923
($100, $500 and $1,000)
(lnt. at Hibernia Bk. ft Tr. Co.. New Orleans.
Bonds.— The bonds of 1905 are subject to call on Oct. 1 In any year at
105; no sinking fund. Interest on 2d mtge. Is payable at First Nat. Bank,
Gulfport. Bonds have no s. f. and are not subject to call. The Biloxi
Electric Railway & Power bonds are subject to call at 106 and Interest.
EARNINGS.— For year ending June 30 1910, gross, $215,240.
ROAD.— Operates 13 miles of track from Gulfport to Biloxi and 11 miles
from Gulfport to Pass Christian; also 6 miles of track In Biloxi; total, 30 m.
OFFICI5RS.—Pres., J. T. Jones, Gulfport; V.-P., J. A. Jones, Gulfport;
Sec., II. C. Elder; Treas., E. A. Durham, Slstervllle, W. Va.: Asst. Treas.,
F. V. Osborne. Gulfport; Aud., R. E. Powers, BuHalo, N. Y .; Gen. Mgr.,
W. F. Gorcnllo. Gulfport.— V. 83, p. 95.
H A R R IS B U R G , P A .
CENTRAL PENNSYLVANIA TRACTION CO.
ORGANIZATION.— Incorporated In Pennsylvania on July 9 1903, and
leased the Harrisburg Traction Co. and subsidiary lines at a guaranteed
rental of 6% . The Harrisburg Traction Co. stockholders were allowed to
subscribe for the new stock, share for share; has no bonds. An assessment
of 10% ($5 p<*r share) was called on the stock In Aug. 1905, see V. 81, p.
725), 10% was called In 1907 and 10% April 1 1908: In March 1909. 4%
was called. V. 88, p. 563. In March 1909 and again In Feb. 1911 a 4% div.
was declared and credited In payment of 4% assessment on stock
V. 92, p. 321.
On October 17 1903 acquired a majority of the $200,000
stock of the Peoples' Bridge Co.
The Linglestown & Blue Mountain
Railway Co., which Is controlled through stock ownership, was put in
operation to Linglestown on July 1 1904.
Owns entire stock of the
Harrisburg ft Ilummelstown Ry. and guarantees its bonds, prin. and lnt.
In 1907 the Dauphin Street Ry. was Incorporated to build a trolley line
from Harrisburg to Dauphin. Work on this proposed line held up by
Inability to secure rights of way. Franchises arc perpetual.
In June 1909 shareholders authorized an Issue of $2,000,000 llrst mort
gage bonds. V. 88. p. 1559.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
A-O
f $2.100,0001 F eb ’ 11.4%
Stock, $2,100,000 ($50)..................
l(5 0 % p d .)j (See text)
Ling, ft Bl. Mtn. Mtge, $125,-1 1905 5 A-O
105,000 Apr. 1 1935
000 g. ($100 and $500)__ cj lnt. at Harrisburg Trust Co., Trustee.
4 A g M-N
200,000 Apr. 1 1935
Harr, ft Hum. 1st M., $200.-1 1905
000. gu. p. and I _______ _/
First mortgage $2,000,000) 1909 4 A M-N
300,000 July 11929
($500 and $1,000)________ /Interest at Harrisburg Trust Co., Trustee.
Bonds.— Both Issues of 1905 bonds are guaranteed principal and Interest
by endorsement by tho Central Penn. Traction Co. Of the Ling, ft Blue
Mountain mortgage bonds. $20,000 are reserved for Pennsylvania exten
sions. These bonds are subject to call after 1915 at 105 and Interest.
Dividends.— Initial dlv.—4 % — declared March 1909 to be credited In
payment of call on the stock. V. 88. p. 563. Oct. 1909 2% and same
amount semi-annually to and Including Oct. 1910. In 1911, Feb. 4% .
REPORT.— For fiscal year ending June 30 1910, gross, $790,127. In
1909, gross, $757,828; net, $434,896; rentals, taxes and Interest, $260,281;
surplus, $174,615, of which $38,340 was used for betterments.
ROAD—Leases and operates 70.32 miles of track as follows: East Har
risburg Pass. Ry., 22.35; Harrisburg City Pass. Ry., 15.61; Citizens’ Pass.
Ry., 10.17; Middletown H. & S., 9.72; Linglestown & Blue Mountain R y.,
5.63; Harrisburg & Hummelstown Ry., 6.84. Has 152 cars.
OFFICERS.— Pres. F. B. Musser: V.-P., B. F. Meyers: Sec. & Treas.,
W. J. Calder. Supt.. F. M. Davis, all of Harrisburg.— V. 83, p. 491; V.
88, p. 563, 1559; V. 92, p. 321.
(1) Harrisburg Traction.—A trolley road.
In June 1903 was leased to theCentral Pennsylvania Traction Co.at 6%
on
stock. A stock dividend of 5 % was paid at that time. Increasing out
HAGERSTOW N, M D.
standing stoelr to $2,1(10,000
The Traction Co. holds In Its treasury
HAGERSTOWN RAILW AY.— A trolley road.
$700,000 (all) stock of the East Harrisburg Pass. Ry. and $235,000 (all)
ORGANIZATION.—Chartered March 12 1896 In perpetuity. Furnishes of Citizens’ Stock. V. 60, p 873.
commercial electric lighting. Franchises arc perpetual. On May 20 1008
AND BONDS— Par. Date.
Interest. Outstanding. Last Dlv.
shareholders voted to take over the assets of the Hagerstown ft Northern STOCK
Harrisburg Traction)
RR., (which had consolidated with the Franklin County RR. In Feb. 1907),
stock. $2,500,000
I
50 ___
6 F-A
$2,100,000 See text.
the Hagerstown ft Boonsboro Ry. and the Hagerstown ft Mycrsvlllc Ry.. Citizens’
Passenger— ) ___
1894
6 g M-N
75,000 May 1 1924
and Increased stock from $200,000 to $100,000. V. 86, p. 1343.
1st M.. $75,000, gold]lnt. at Com’ wealth Guar. Tr. Co., Harrisburg
Interests Identified with this company In July 1901 purchased a majority Leased to K. liar. Pass. Ry.—
of the stock and all of the bonds of the Myersvllle & Catoctln Electric R y.,
Harris. City Pass, stk 25 ____
12 J-J
125,000 Lease rent.
but shortly thereafter directors of the latter made a new lease of the road
Mlddlet’wn H.&S.stk 50 ____
10 J-J
100,000 Lease rent.
to the Frederick & Middletown R R ., now merged Into Frederick R R .,
DIVIDENDS
—The
dividends
In
Feb.
and
Aug.
1899
aggregating 4 %
which see on a previous page.
were paid In stock, the money being used In reducing floating debt. Divi
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity. dend period changed to quarterly, and 1 % paid In cash Oct. 1899. In 1900
stock, $400,000 ($50) ...........................................
$380,000 ____
4% . Dividends again changed to semi-annual and 2)4 % patd Feb. 1901
1st
mortgage,
$200,000,1 1896
6 g Q-F
200,000 May 1 1916 and 2 H % on Aug. 1. In 1902 5% . In 1903 6 %, also scrip dividend of 5 %
j Interest at Eavy Lane ft Co., Hagerstown. on Aug. 1. 1904 to 9110 Inclusive, 6% per annum. In 1911, Feb. 3% .
gold------------Hager ft Myers Ry, $125,000- 1901
5%
125,0001921
i.t s
ROAD.— Embraces 47 miles of track now operated by Central Penn.Trac.
Hagers ft Booncsb Ry 1st M) 1902
5 F-A
120,000 Aug 1 1922
$200,000 ($500 ft $l,000)c*J lnt. at Maryland S. & Tr. Co.,Hagerstown
OFFICERS.—Pres., Edward Bailey; V.-P., B. F. Meyers; Sec. and Treas.,
Hagers ft Nor RR 1st mtge1 1907
5 g F-A
120.000
1927 W. J. Calder; Supt. and Pur. Agt.. F. B. Musser, all of Harrisburg.—V. 77.
$120,000 gold ($1,000, $500)Int. at Maryland S. &Tr. Co., Hagerstown.
p. 196.
and $100)_____________ c ’ J
Trustee, Wm. Jennings.
Bonds.—The Hagerstown ft Boonesboro Ry. bonds are redeemable 1912
V AL LE Y TRACTION CO.— A trolley road.
at par. The Hagerstown & Northern RR. bonds are subject to call In 1917.
ORGANIZATION.— Incorporated In Pennsylvania on Nov. 18 1903 and
ROAD.—Operates 40)$ m. of track as follows: Hagerstown to Williams
port and Funkstown, 13 m.: Funkstown to Boonsboro, 10 m.; Boonsboro controls through ownership and lease the Harrisburg ft Mechanlcsburg
across South Mountain to Mvcrsvllle (where connection Is made with Fred Electric Railway Co., the White Hill & Mechanlscburg Electric R y., the
erick R R .), 7'A miles, and Hagerstown to Shady Grove (where connection West Farvlew ft Marysville Electric Ry .the Falrvlew & Riverton Pass. R y.,
Is made with Chambcrsburg Greencastle & Waynesboro Electric R y.), 10 the Carlisle ft Mechanlsburg St. Ry.. the Camp Hill & Harrisburg Pass. R y .,
the Harrisburg ft Riverton St. Ry and the united Electric Co.
miles. Standard gauge.
OFFICERS.— Pres., Christian W. Lynch; V.-P., J. C. Lane; See. and Gen.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Mgr., Richard C. Ilaldeinan; Treas. and Aud., Wm. Jennings; Supt., W. C. Common, $500,000 ($50) ___ _____
_________
$500,000 __________
Hepperlc.— V. 8 1, p. 339; V. 86, p. 1343.
PL, $500,000, 5 % n.c. ($50) . ..............................
350.050 ...................
1st mtge., $700,000, gold) 1903 5 g A-O
555.500 Oct. 11933
($100 and $500) ---------c*/Int. at Farmers’ Tr Co., Carlisle, Pa., Tr.
HAM PTON, V A .
II. & M. 1st M., $224,000, g. . 1894 6 g M-S
144,500 Sept. 1914
NEWPORT NEWS & OLD POINT R A I L W A Y & ELECTRIC.
Interest Is payable at office of trustee, the Harrisburg Trust Co
Bonds.— Val. Trac. bonds are subject to call at 110.
A sinking fund of
ORGANIZATION.— In 1898 purchased tho Newport News Hampton ft
Old Point Ry. and acquired the Chesapeake Light ft Power Co. at Hampton, $5,000 per annum commenced Oct. 1 1908.
Va. Later acquired tho Citizens’ Railway. Light ft Power Co. through
EARNINGS.— For calendar year 1909, gross, $242,400; net, $78,733
ownership of $195,000 out of a total Issue of $200,000 capital stock, which taxes and Interest, $43,341; “ other charges,” $35,392: surplus, none.
ROAD.— Operates 41.23 miles of track from Harrisburg to Falrvlew p
Marysville, Riverton, New Cumberland .White Hill, Camp Hill, Shire
manstown, Mechanlcsburg, Bolling Springs and Carlisle. 31 cars. Gauge,
5 ft. 2 In.; 50 and 100-lb. girder and T-rall.
OFFICERS.— Pres., M. C. Kennedy. Chambersburg; Sec.-Treas., W . L
Ritchey, Chambersburg: Aud.. 0. M. Davison, Chambersburg; Supt.,
O. H. Bishop, Lemoyne.— V. 78, p. 1393.
H A T T IE S B U R G , M IS S .
H ATTIESBU RG TRACTION CO.
Organized In 1906. Sept. 2 1907 purchased Hat
tiesburg Gas. Co. and Hattiesburg Light & Power Co., giving company
Street
railway franchise 25 years from 1906.
STOCK AND BONDS—
Date. Interest.
Outstanding. Maturity.
Stock (5500,000).........................................................
5500,000 ...................
1st mtge 5300,000 (51,000)T 1908
6 J-J
280,000 Jan. 1 1928
gold___________________ c*/Standard Trust Co.. New York, Trustee.
Bonds.— Sinking fund retires by purchase 55,000 bonds annually, begin
ning Jan. 1 1909. at a premium up to a 5% basis; bonds cannot be called.
V. 87, p. 97. 520,000 have been retired.
ROAD.— Has completed 7 miles of track. Began operations Sept. 12
1909. New power house with 825 k. w. capacity put In operation Sept. 1
1909.
EARNINGS.— For 9 months ending Sept. 30 1910, Gross, 565,602;
net, 527,102; charges, 512,600; surplus, 514,502.
OFFICERS.— Pres., S. E. Travis; lstV .-P ., H. S. Stevens: 2d V .-P .,
H. A. Camp; Sec. and Trcas., N. B. Blount.— V. 87. p. 97; V. 88, p. 624
O R G A N I Z A T I O N .—
a monopoly of gas, street railway and electric light business of city.
H A V E R H IL L , M A SS.
NEW HAM PSHIRE ELECTRIC R YS.
(1) Lehigh Traction Co.— A trolley road.
ORGANIZATION.— Chartered Nov. 7 1892. Franchise perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 each the
Hazleton & Suburban Electric R y., capital $30,000; Hazleton & South
Side Electric R y., capital $75,000; Hazleton & North Side Electric R y.,
capital $75,000. The $140,000 certificates of Indebtedness and $922,200
of Lehigh Traction stock are deposited as security for the Wilkes-Barre &
Hazleton RR. bonds.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock $1,000,000 ($100)--------- -------------$1,000 000
First mortgage $500,000 gold/ 1893
5 g J-D
500,000 June 1 1923
($100, $500, 51,000)----- c*[Markle Bkg. & Tr. Co., Hazleton, Trustee.
Certificates of Indebtedness__ _____
140 000
Hazlo Park bonds. $60,000... 1895
5gA O "
60,'000 " 1 9 2 5 ”
ROAD.— Operates 22 miles of track, new 58-lb. steel T rails, oak ties, well
ballasted. Road extends from Hazleton to West Hazleton, to Yorktown
(connecting with Pennsylvania RR. and Lehigh Valley R R .), to McAdoo
(south) and MUnesville, Latimer Mines and Freeland (north).
EARNINGS.— For calendar year 1909, gross. $190,289; net, $68,567.
In 1908, gross, $184,619; net, $71,575.
OFFICERS.— Pres., A. Markle: V .-P., C. B. Houck; Sec., C. J. Klrsch
ner: Treas., N. C. Yost; Gen. Mgr., C. B. Houck.
(2) Wilkes-Barre & Hazleton Ry.—A trolley, steam and third-rail road.
ORGANIZATION.— Chartered Dec. 13 1899 under General Railroad Law
Act of April 4 1868, State of Pennsylvania. The Wilkes-Barre & Hazleton
R R . owns the entire stock and bonds.
Decision Regarding Fares.—Judge Fuller at Wilkes-Barre Aug. 31 1908
granted an Injunction restraining authorities of Luzerne County from
bringing suit to prevent company from raising passenger fares above 2 cents
per mile. Company had reduced rate Oct. 1 1907 In compliance with 2-cent
tare law passed by Pennsylvania Legislature, but. finding passenger business
unprofitable on that basis, desired to restore old rates. See V. 87, p. 679.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $1,500,000 full paid.................
................ $1,500,000 ____________
First mortgage $1,500,000/ 1901
5 g M -N
1,500,000 May 1 1051
gold.....................- ................/Interest at Guaranty Trust Co.. N. Y ., Trust.
ROAD.— Owns 27 miles of road from Hazleton to Wilkes-Barre, and uses
for terminals 1 mile Lehigh Traction Co. track at Hazleton and 2 miles
Wilkes-Barre Terminal RR. Co. track at Wilkes-Barre; total, 30 miles.
Entire road placed In operation May 1 1903. Ralls, 95 lbs.
EARNINGS.— For 12 months ending Dec. 31 1909, gross, $218,651; net.
$122,976; Interest, taxes, &c., $112,027; surplus, $10,950.
OFFICERS.— Pres., A. Markle; V.-P. and Gen. Mgr., C. B. Houck;
Treas., N. C. Yost; Seo., C. J. Klrschner; Supt. of Trans., A. F. Harger.
(a) Wilkes-Barre Terminal RR.
ORGANIZATION.— Incorporated on Oct. 9 1903. Stock authorized
and outstanding, $35,000 (par $50). Bonds authorized, $600,000 (o&r);
outstanding, $60,000 ($1,000). Date 1905; due Oct. 1 1945. Int. (5 g.
A-O) payable In New York. ROAD, 3 miles, between W. B. Ter. R R .
June, and Wilkes-Barre. Ralls, 90-lb. T; gauge, 4 ft. 8)4 In. Pres., J. T.
Keith; Sec., A. P. Goedecke; Treas., J. J. McGeehln.
.ORGANIZATION.— Organized In August 1905 as successor under
foreclosure of the New Hampshire Traction Co , as per plan In V. 79. p.
2205. Company Is managed by a board of trustees. Owns and controls
the following companies: Amesbury & Hampton Street R y., Seabrook &
Hampton Beach Street R y.. Haverhill & Plalstow Street R y.. Haverhill
Plalstow & Newton Street Ry., Portsmouth & Exeter Street R y., Dover
Somersworth & Rochester Street R y., Hudson Pelham & Salem Street Ry.,
Haverhill & Southern New Hampshire Street R y., Haverhill & Amesbury
St. R y., Lawrence & Methuen St. R y.. Lowell & Pelham St. Ry., Rocking
ham Co. Light & Power Co., Canoble Lake Co. and Granite State Land Co.
AH of the capital stocks of these companies are owned by the New Hamp
shire Electric Rys., as are also the outstanding bonds of all the companies,
with the exception of those given In table below. Franchises of all the con
stituent companies are perpetual.
A five-year contract for power was made with the Exeter & Hampt.
Elec. Co. In July 1908.
Portsmouth & Exeter St. Ry. Receivership.— On Jan. 20 1910 D. A. Belden
was appointed receiver. V. 90, p. 237.
Interest Outstanding. Last Dlv.
STOCK AND BONDS—
Date.
...........
5-1,900,200
.................
Common. $4,000,000 (5100).............
H ELENA, MON.
J-J
3,399,500 Jan30’ l l 1 <4
Pref.4 % n-c, 54,000.000 (5 1 0 0 )___
5%
95,000 Jan 1 1912
THE HELENA LiaH T & RAILWAY CO.—Trolley, electric light and
Coll trust notes 5200,000 g o l d . -----power, gas light and fuel.
UNDERLYING LIENS.
ORGANIZATION.— Incorporated In Connecticut In Sept. 1905 as suc
cessor to the Helena Light & Traction Co. V. 81, p. 1043. Controls the
Dover Somers & Roch 1st M.l
Helena Gas Light & Coke Co.; comprises the city’s entire street railways
g, 5300,000 (51,000), c* s f 1901 5 g J-J
See text. July 1 1921
Franchises expire April 4 1926.
$5,000 per ann begins 1904;) Interest at American Trust Co.. Boston. and gas and electric-light plants.
See text. Oct 1 1919
bonds cannot be called____ J 1899 5 g A-O
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Amesbury & Hampton 1st M ,lint, at Beacon Tr. Co.. Boston. Trustee. Common $900,000..............................
Q-F
$561,000 Feb. *11 ,1%
gold $100,000 ($ 1 ,0 0 0 ).../ Trustee.
Preferred $600,000 5% cum.............
5 Q-F
374,000
Feb. '11, 1M
Bonds.— Of the 5300.000 of the Dover Som. & Roch. bonds, all Issued, First mortgage $1,500,000/ 1905
5 g M-S
860,000
Sept. 1 1925
$174,000 are owned by the New Hamp. Elec. Rys. Of the 5100,000 Ames.
gold ($1,000)................... c * iln t. at Knickerbocker Tr. Co., N. Y .. Trust.
& Hamp. bonds, all Issued. $45,000 are owned by the N. H. Elec. Rys.
Bonds.— The new bonds of 1905 are subject to call at 105 and Interest;
56,000 Ames. & Hamp. bonds and 539,000 Dov. Som. & Roch. bonds In $595,000 are reserved for extensions and Improvements, of which $500,
s. f. Feb. 1 1911. Coll, notes are to provide for repairing and rebuilding 000 may be Issued only for 85% of cost. A sinking fund of 1)4% per
Haverhill & Ames., and arc secured by securities of subsidiary companies. annum of bonds outstanding commenced June 1 1908, which will bo
EARNINGS.— For year ending June 30 1910, gross, $751,975; net, Increased to 2 )4% per annum June 1 1918: said fund to bo used In
5211.789; lnt. and taxes, $43,028; surp., $168,761. In 1909, gross, retirement of bonds at not higher than 105 and Interest. See V. 81, p. 1550.
$615,941; net, $171,773; lnt. and taxes, $22,342; surp., $149,431.
$45,000 have been retired by sinking fund to date.
Dividends.— Five per cent per annum In quarterly Installments Is being
DIVIDENDS.— Company paid 1% each 6 mos. on pref. since July 1908
ald on pref. stock. First dividend on common, 1 %, paid Oct. 31 1906.
to aud lncl. Jan. 1910; July 1910, 1 )4% ; Jan. 30 1911, 1 J4%.
n 1907, 3% . In 1908, none. In 1909, 3% . In 1910, 4% . In 1911,
ROAD.— Companies controlled (Including the Haverhill & Amesbury Feb., 1%.
St. Ry.) operate 146 miles of track connecting Nashua, Pelham, Lowell,
Lawrence, Methuen, Haverhill, Salem, Merrlmac, Amesbury, Salisbury, • EARNINGS.— For 12 mos. end. Dec. 31 1910, gross, $309,741; not, after,
Newburyport and Salisbury, Seabrook and Hampton beaches, Exeter and taxes, $116,942; fixed charges, $43,000; sk. fd., $13,569; surplus, $60,373.
Portsmouth, Dover, Somersworth, Rochester and East Ro hester—all
ROAD.— Operates 17 miles of track.
points in N II. or Mass Company owns several pleasure resorts. Also
OFFICERS.— Pres., P. G. Gossler, New York; V.-Ps., M. H. Gerry,
does electric-lighting business. Population served, 500,000.
Helena, J. II. Pardee, New York; Sec., H. S. Collette, New York; Treas.,
OFFICERS.— Pres., I). A. Belden, Haverhill; V .-P., M. N. Buckner, R. B. Marchant, New York; Asst. Sec. & Asst. Treas.,A. B. Sibley.
New York: Sec. and Treas.. F. J. Horne, New York. V. 86. p. 420, 668, Operated under the general management of J. G. White & Co. Inc., New
1042; V. 88, p. 1500; V. 90, p. 237; V. 91, p. 215.
York City.— V. 81, p. 77, 889, 1043, 1550; V. 83, p. 1037; V. 88, p. 1061;
V. 91, p. 1095.
(1) Haverhill & Amesbury Street Ry.— Trolley road.
On June 1 1909 the New Hampshire Elec. Ry. acquired control. The
purchase Includes all equity above the $290,000 bonds outstanding. V.
HENDERSON, K Y .
88. p. 1499.
HENDERSON TRACTION .— A trolley road.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
In May 1910 a syndicate composed of principal stockholders of Evansville
Stock $250,000 (par $100).................
See text
$150,000 O c t.’97, 3 %
Black Rock & Salisbury Bek/ 1891 5 g J-J
94,000 July 1 1911 Rys. secured some stock—not enough, however. It Is stated, to change
first mortgage, gold______[Interest at International Trust Co., Boston. control. V. 90, p. 1363.
ORGANIZATION.— Incorporated In Kentucky Feb. 22 1907 as a suc
Haverhill & Amesbury consol/ 1892 5 g J-J
196,000 July 1 1912
mtge $290,000 g (51,000)c*\ Interest at American Trust Co., Boston, Trus. cessor to the Henderson City R y., sold at foreclosure on Feb. 18 1967.
The old railway had a 30-year franchise granted In Oct. 1886, and also con
DIVIDENDS.— None since Oct. 1897
trolled the Henderson Ferry Co., which has since been sold. V. 84, p. 508.
ROAD.— Has 27.4 miles of track, Including sidings, &c., extending from
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Haverhill through Merrlmac, Amesbury and Salisbury to Newburyport, Stock
$150,000 ($ 1 0 0 ).............................................
$149,800 ...................
with lines along Salisbury Beach. 65 cars.
First mortgage, $150,000/ 1907
5gA-0
105,000 A pr.15 1027
($1,000, $500, $100) gold. .I Int. at Ohio Bkg. & Trust Co., Henderson,Tr.
ANNUAL REPORT.— For years ending Sept. 30 earnings have been:
Gross.
Net. Int.. Taxes,Ac. Balance.
Bonds.— Remaining $45,000 are reserved for extensions and Improvem’ ts.
1909-10..............................5 1 19,937
$39,310
$17,620
sur.$21.690 Subject to call on April 15 1912, 1917 and 1922 at 105. No sinking fund.
1908-09------------------------- 124.537
33,156
30,154
stir. 3,002
ROAD.— Operates 6 miles of street railway.
— V. 84. p. 450: V. 87, p. 1089; V. 88. p. 52.
OFFICERS.— Pres., J. H. Lyne; V.-P., C. II. Battln; Sec. and Treas.,
Chas. E. Dallam; Gen. Mgr., W. A. Carson; Supt., Geo. H. Lyne.— V. 83,
p.
380; V. 84, p. 339, 1428; V. 90, p. 1363.
HAZLETON, PA.
WILKES-BARRE & HAZLETON RR.
ORGANIZATION.— Incorporated In New Jersey May 1901, and acquired
H O LYO K E , M ASS.
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the Wilkes
H OLYOK E STREET R A IL W A Y .— 'Trolley.
Barre & Hazleton Railway Co. (Pennsylvania Incorporation) and deposited
ORGANIZATION.— Leases the Mt. Tom (Incline) RR. until June 1 1922
the same, together with $140,000 (entire Issue) of the Lehigh Traction Co.’s
5% certificates of Indebtedness and $922,200 of the stock of 51,000,000 of at 6% per annum on the $100,000 stock. In 1907 purchased the Hamp
the Lehigh Traction Co., as security for the Wilkes-Barre & Hazleton Rall- shire Street Ry. (previously leased). V. 85. p. 40. In Aug. 1907 purchased
roa<1-F,0, *??ue of flrst collateral trust mortgage 5% gold bonds. V. 72. the Amherst & Sunderland Street Ry. (V. 85, p. 294), giving a through
p. 1281. Franchises are 999 years In and around Hazleton and perpetual connection from Holyoke to Amherst and Sunderland.
from Hazleton to Wilkes-Barre.
STOCK—
Date.
Interest. Outstanding. Maturity,Ac.
8
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity. Stock, $1,073,000 ($100)...................
" J-J
” *
$1,073,000 Jan '1 1 ,4 %
5 A-O
Common $2,500,000 ($100)__ ____
$2 500 000
- - Deb bonds ($500, $ l,0 0 0 )..c* 1895
250.000 April 1 1915
5 A-O
Pref 6 % non-cum $700,000...............
185’ 500
I ____ Deb bonds ($500, $ l,0 0 0 )..c* 1899
85,000 Oct. 1 1920
5 A-O
Collateral trust mortgage 52.-/ 1901
5 g M-N15 1 ,900,000 May 15 1951 Debenture bonds____________ 1903
265.000 April 1 1023
500.000 gold ($1,000)-_.c*\Int. at Guaranty Trust Co., N. Y ., Trustee. Leased line rental Mt Tom RR1
stock 6 % _________________J ____
6
Collateral trust mortgage $1,-1 1005
5 g A -0
1.227,000 Oct. 11945
100.000 ...................
_______
______ ...................
500.000 gold ($1,000)------c lln t. at Guaranty Trust Co., N. Y ., Trustee. Current liabilities Sept 30 1909 ___
132,751
Bonds and stock.— Of the authorized Issue of $2,500,000 coll, trust bonds of
Interest on all bonds payable at Holyoke National*Bank.
1901, $600,000 are reserved to retire all bonds of the Lehigh Traction Co. A
Dividends.— In 1892 to Jan. 1911 Inclusive, 8% yearly.
sinking fund of $20,000 per annum, which began June 1 1908, Is to be In
ROAD.— Has 69.7 miles of track, Including Mt. Tom (Incline) R R ..
vested In the collateral trust bonds or In bonds purchasable by savings banks 4,900 feet long, and connecting wltlr the Woronoco Street Ry. to Westfield,
In New York State. See V. 72, p. 1281; V. 78. p.289. The collateral trust Mass.; with Springfield St. Ry. to Springfield, Mass., and with Northamp
terminal bonds have a sinking fund of $10,000 per annum, commencing In ton St. Ry. to Northampton, Mass., and direct to Chicopee, Chicopee Falls
1910. Bonds can be called at 110. Preferred stock can, at option of South Hadley. Amherst and Sunderland. Passenger cars, 120; other ser
company, be changed at any time Into the bonds of the company at par, vice cars, 27: snow-plows, 10; other vehicles, 7; electric motors, 269.
aid bonds to bear not less than 5% , or may be redeemable at par In cash.
EARNINGS.— For 9 mos. to June 30 1910 and year end. Sept. 30 1909:
EARNINGS.— For year ending Dec. 31 1906, gross, $308,536; net,
1910.
1909. J
1910.
1909.
$165,649.
Gross earnings__ $382,163 $488,920f Balance for dlvs._ $60,215 $96,753
OFFICERS.— Pres.. A. Markle: V .-P., C. B. Houck; Treas., N. C. N e t ------------------- 121,785 225.371 Dividends paid..(4) 42,944(8 ) 85,888
Yost; Sec., C. J. Klrschner.— V. 83, p. 1292; V. 87, p. 679.
Int., taxes, &c__ 61,570 128,618; Bal. for year, sur.„$17,271„.,$t0,865
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TERRE
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T R A C T IO N & L I G H T
CO.
OFFICERS.— Pres., Gen. Mgr. & Pur. Agt., Wm. S. Loomis; Sec. &
Treas., Louis D. Pelllssler; Supt., G. II. Hunter, all of Holyoke.— V. 85,
p. 40, 284; V. 8G, p. 52.
_
HOT
S P R IN G S , A R K .
HOT SPRINGS STREET RAILW AY.— Trolley.
ORGANIZATION.— Chartered In 1804; successor to Hot Springs Electric
Street Ry.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
S t o c k ......................................................................... ..
5500,000 .
First mortgage gold ($500,000) 1804
6 g J-D
442,000 June 1 1024
Commonwealth Trust Co., St. Louis, Mo., Trustee.
R O A D .— Operates 12 miles of track.
OFFICERS.— Pres., S.. W . Fordycc; V .-P., W. C. Fordyce; Sec. and
Treas., II. J. Lehman.
___
H O U G H T O N , M IC H .
HOUGHTON COUNTY TRACTION C O —Trolley road.
ORGANIZATION. Organized In 1008 and took over Houghton County
Street Ry.. which latter company was Incorporated In 1800. Franchises
In public streets expire In 1020. 1030. 1032, 1033 and 1038. Private right
of way perpetual. $100,000 com. stock Is owned by Pub. Serv. Invest. Co.
STOCK AND BONDS—
Dale.
Interest. Outstanding. Maluritu
Common. $750,000 ($100)................................ ........
$750,000 Oct T 0.2H
Pref., 6% cum $500,000 ($10 « ) ----A-O
207,200 Oct ’ 10,3%
1st consc1 mtge $1,600.0001 1008
5 g J-J
304,000 Jan 11037
($500 and $1,000) gold----- Jlnt. at City Trust Co., Boston. Trustee.
Hough C,(L^t .RJ ^ tge *750--J 1000
5 g J-J
750,000 July 11020
000 gold ($1.000) .
c*) Int. at Boston Safe Dep. & Tr. Co., Trustee.
Stock and Bonds.— Preferred stock Is redeemable at 110. $750,000 consol,
mtge. bonds reserved for prior Hens $450,000 for future additions at 80%
of cost; they are subject to call as a whole (after Oct. 1 1011) or In part for
sinking fund at 105 and Int. Sink, fund 1 'A% of outstanding bonds. $6,000
are held In this fund. Tho Houghton County Street Ry. bonds can be
called as a whole or in part at 105 and Interest. V. 87, p. 614.
Dividends.— On pref., 3% s.-a. from Oct. 1008 to Oct. 1910 Inclusive.
On com., first dlv., 2% , Oct. 1900. In 1910, Apr., 2 ^ % ; Oct., 2 H% .
REPORT.— For year ending Dec. 31 1910, gross, $311,474; net, $145,881;
Int. and taxes, $71,772; dlvs., $49,932; sink, fund, $5,925; surplus, $18,252.
ROAD.— Owns 32.2 miles of track. Including lines from Houghton to
Hancock and from Hancock to Laurlum, Red Jacket, Wolverine, Mohawk,
Lake Linden and Tamarack City; 41 cars. 60, 70 and 85-lb. rails. Stan
dard gauge.
OFFICERS.— Pres., Frederick S. Pratt, Boston; V.-Ps., Frederic J.
Bawden, Houghton, Mich., and F. P. Royce, Boston.: Sec., Alvah K. Todd,
Boston; Treas., Henry B. Sawyer, Boston; Mgr., Gardner Rogers, Houghton
Mich.; Gen. Mgrs. and Transfer Agents, Stone& Webster, Boston.— V. 87,
p. 614; V. 88, p. 1499; V. 89, p. 666.
HUDSON, N . Y .
ALBANY SOUTHERN RR.— Third rail, except In cities.
ORGANIZATION.— Incorporated In New York Sept. 14 1909 and Is a
reorganization of the Albany & Hudson RR. Co. sold under foreclosure on
Sept. 8 1900 (per plan V. 89, p. 223). On Sept. 18 1909 merged Albany &
Greenbush Bridge Co. V. 89, p. 720. Franchises are perpetual. Does a
passenger, freight and express business
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common $1,375,000 ($100)..............................
$1,375,000 ...................
Pref $2,100,000 5% n-c ($ 1 0 0 )___
F-A
2,020,000 Feb. ’ l l 1 'A
5 g M-S
1,302,000 Sept 1 1939
First mortgage $1,500,000) 1909
gold ($1,000)...................c’ jManhattan Trust Co., New York, Trustee.
Bonds.— $1,250,000 of bonds were sold to bankers, proceeds used In
acquiring Albany & Greenbush Bridge Co. and for straightening
and double-tracking road, and to pav for apparatus theretofore Installed.
Remaining bonds can be Issued for additions and betterments under certain
restrictions. Recording tax paid on these bonds, making them tax-exempt in
New York. Sinking fund of 1
of bonds authorized from 1917 to 1022;
1922 to 1020, 2% ; 1929 to 1939, 3% . Bonds are subject to call as a
whole at 106 and Interest on any Interest day. V. 89, p. 1140.
DIVIDENDS.— Initial seml-ann. div. on pref., 1 H % , paid Feb. 1 1011EARNINGS.— For period Sept. 14 1009 to Sept. 30 1910 (12 H mos.),
gross, $480,062; net, $197,795; int., taxes, Ac., $94,627; surplus, $103,168.
ROAD.— Operated by third-rail system from Hudson via Rensselaer to
Albany. Comprises 37 miles of main line and 9 miles of sidings, with 2
additional miles of overhead trolley road In Hudson. Total, 48 miles. In
Feb. 1900 made contract giving It privilege to enter Albany over the tracks
of the United Traction of Albany. Double-tracking of road between Rens
selaer and Klnderhook Lake completed In 1910. Operates thirty pas
senger cars and fourteen freight and express cars and three snow-plows
Ralls 70 and 80-lb. steel; standard gauge. Supplies light and power along
route. An extension to Pittsfield, Mass., Is under serious consideration.
Also owns the highway toll bridge over Hudson River at Albany.
OFFICERS.— Pres., R. A. C. Smith; V.-P., J. H. Pardee; Sec. and Treas..
I. W . Day; Gen. Mgr., R. II. Smith.— V. 89, p. 720, 1140, 1222, 1346
______________
.
.
.
.
V. 02, p. 183, 185.
H U N T IN G T O N , W . V A
OHIO VALLEY ELECTRIC RAILW AY C O — A trolley road.
ORGANIZATION.— Incorporated In West Virginia In 1000. In June
1006 we were advised that franchises, such as are not perpetual, then had
from 15 to 40 years to run.
Change of Name.— In Feb. 1908 name was changed from Camden Inter
State Ry. to tho Ohio Valley Electric Railway. On May 1 1908 acquired
$500,000 stock of Kanawha Valley Traction Co. (which has been leased to
the Charleston Interurban R R ., Charleston, W. V a.), and Issued pref.
stock to pay for purchase.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maluritu
Common $2,000,000 ($100).......................................$2,000,000
Pref 6% cum $400,000 ($ 100) ...................................
345,800 .
...........
Cam Inter-State new M, $1.-) 1901
5 g M-S
1,350,000 Mar 1 1921
500,000, g ($1,000), no s f, [Citizens’ Trust A Guaranty Co., Parkersand cannot be called..c& rj burg, Trustee.
Hunt A Chariest RR guar b y ) ----5 J-J
175,000 Sept 1 1936
Camden Inter-State......... Jlnt. at Real Estate Trust Co., Philadelphia.
Cons. Lt. & Ry. M., g u a r .................
6%M-A27
100,000 Aug 6 1022
Ashl. ACattl. M .,g u a r .....................
6%J-J
50,000 Jan 1 1919
Bonds — $150,000 of the new bonds arc reservedto retire Cons. Lt. A
HY; anJi AshL A Cattl. bonds. Interest on tho bonds Is payable at the
Unloin^Trust A Deposit Co. of Parkersburg.
EARNINGS.— For calendar year 1910 (not Including Kanawha Valley
Trac.)a,^rossA ? 19 1•230 ; In 1909, $413,664; In 1908, $383,923.
_ ROAD.— Operates 33.7 miles of track (not Including Kanawha Valley
Traction Co.) In and between Huntington, W. Va., Cattlettsburg and
Ashland. K y., and Ironton, Ohio.
O F ?A,9iE
’T ;Pre5 ’ • Hon; W m Sproul, Chester. Pa.; V .-P., Wm. S.
Ellis, Philadelphia: Sec. and Treas., Thos. McK. Hays, Huntington: Gen.
Mgr., W . W . Magoon, Huntington.— V. 83, p. 332, 401; V. 86. p. 603.
(1 )
Kanaw ha
V a lle y T r a c t io n
Co.
LEASE.— Road Is leased to the Charleston Interurban R R .
ORGANIZATION.— Incorporated In West Virginia In 1005. Stock
owned by Ohio Valley Electric Ry.
3TOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock, $500,000 ($ 100)-......................................
$500,000 ...................
First mortgage, $2,000,0001 1906
5 J-J
900,000 Jan 1 1046
($1,000) ...........................c* Jlnt. at Fidelity Tmst Co., Phlla., Trustee
ROA D .— Operates 14 miles of track In Charleston, W. Va. 70-lb.
T rail. Standard gauge.— V. 83, p. 323.
IN D IA N A P O L IS , IN D .
BROAD RIPPLE TRACTION.— A trolley road.
ORGANIZATION.— Organized as successor to the Indianapolis A Broad
Ripple Rapid Transit Co. sold at foreclosure July 1899. The Indianapolis
Street Ry. owns about 75% of stock, but organization separate. Road Is
Jointly opeiated by the Indiana Union Traction Co. and the Indianapolis
Traction & Terminal Co.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock. $100,000 (par $ 1 00)..............
................. $100 000
...................
Mtg. gold, $400,000 ($l,000)c* 11899
5 g J-J
400,000 July 11033
lin t, at Guar. Tr. A S.D.Co (Phlla.), Trus.
Bonds.—Are guaranteed p. and 1. by Indianapolis St. R y. No. s I., and
bonds cannot be called. The Indiana Northern Tract. Co. also guar, the
principal and Interest of half ($200,000) of the bonds and half of the Interest
of the remaining $200,000 bonds until May 1913.
ROAD.— 7 H miles of track from Indianapolis to Broad Ripple Park.
OFFICERS.— Pres., John B Warner; Sec., John D. Thomson; Treas.,
E. B. Peck.— V. 60, p. 180; V 73, p. 137, 183; V. 78, p. 1167.
INDIANAPOLIS COLUMBUS & SOUTHERN TRACTION CO.— A
trolley road.
ORGANIZATION.— Formerly the Indianapolis Greeuwood A Franklin
RR .. which company was Incorporated In Indiana In 1895. Name changed
as above In Jan. 1903.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock, $1,000,000..........................
_
$930,000 __________
1st mortgage, $1,000,000) 1903
5 g F-A
782,000 Feb. 1 1023
gold ($1,000)--------------- c*/Int at Trust Co. of N. Amer., Phlla., Trus.
Bands.— Cannot be called. $218,000 are reserved for exten. and Imp’ts
at not exceeding $15,000 per mile. See V. 76, p. 654; V. 82, p. 1212.
EARNINGS.— For year ending Dec. 31 1009, gross, $385,425; net, after
taxes, $169,235; Interest, $36,600; surplus, $132,635. In 1908, gross,
$344,693; net, after taxes, $132,345; Interest, $33,683; surplus, $08,662
ROAD.— Operates 62.38 miles of track between Indianapolis, Franklin
and Columbus and Seymour, of which 3.86 miles belong to Ind. Trac. A Ter.
Co. Standard gauge, 60-lb. T rail. Mostly private right of way. The ex
tension to Seymour, 20 miles,was completed Oct 1907. It connects with
Indianapolis A Louisville Traction Co., thus forming a through line from
Indianapolis to Louisville.
OFFICERS.— Pres., Wm. G. Irwin; V.-P., L. I. Sweeney; Sec. & Treas.,
Hugh Miller, all of Columbus, Ind.; Gen. Mgr., Alex. Shane V 77 n 8’ 3
V. 78. p. 1446; V. 82, p. 928, 1212; V. 86, p. 421. '
'____'
'
TERRE HAUTE INDIANAPOLIS & EASTERN TRACTION.— {See
Map on page 55.)
ORGANIZATION.— Incorporated In Indiana on March 23 1907 and
acquired by purchase (1) Indianapolis A Eastern Ry.; (2) Indianapolis
Coal Traction; (3) Indianapolis A Western Traction; and (4) Richmond
Street A Interurban Ry.
On March 25 1907 leased the Terre Haute Traction A Light Co for 90 0
years (see terms under that company below), and In April 1907 leased for
009 years the Indianapolis & Northwestern Traction and the Indianapolis &
Martinsville Rapid Transit (see terms under respective companies)
In April 1010 purchased 46,717 of the 50,000 shares of the stock of tho
Indianapolis Trac. A Term. Co., giving Its own common and pref. stock
in exchange. Sec V. 00, p. 1103, 1240.
Franchises.— In a letter to bankers In May 1910, President of the com
pany said: “ The great majority of the franchises under which the system Is
operated extend well beyond the life of these bonds [1st & ref. mtge.]. Tho
ranchises In the city of Indianapolis expire In 1933.”
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common stock, $12.500.000.___
$9,100,000
Preferred stock, $12,500.000.. .
r Q-J
9.100.000 Jan ’ l l l X
1st A ref mortgage $8,000,000) t910
6.150.000 Apr 1 1945
gold ($1,000) s f ---------- o*]ln t. at Fidelity Trust Co Phlla1"Trtistpe”
1nnn o b l r
t
?
S
J-J
See text July 1 1927
000, gold ($1,000), s f..c * }I n t . at Mercantile Trust Co., N. Y., or at
, , , „
. t ,,
J.
Trust Co., Indianapolis, Trustee
Ind. & Green. 1st M., $300,-f 1899 5 g J-J
204 000 Jan 1 1929
000 ($1,000), gold........ c*[ Int. at Clt. Savings & Trust Co..Tr Cleve
l or at First National Bank, New York City!
Stock.— Pref. stock Is 5% cum. after July 1 1910. Should com. at any
time pay 6% , pref. will pay the same. V. 90, p. 1555.
Bonds.— Bonds unissued reserved, $350,000, for power plant, and rest
for additions and Improvements under careful restrictions. Callable as a
whole on and after April 1 1015 at 105 and Int., or In part, for sinking fund
only, at 102 a and Int. on any Int. date.
S.
f. $55,000 p. a. first 5 years and $106,675 p. a. thereafter; bonds
acquired for s. f. to be held alive and Int. added to s. f. V. 90, p. 1491.
Of the $1,000,000 Ind. & East, consols auth., $300,000 are reserved to
retire the Ind. & Greenfield 1st 5s, 821,000 have been canceled by sink. fund.
Of the remaining $679,000 out, $523,000 are owned by Terre Haute Ind. &
East Trac. A sinking Jund, 1% of bonds out, began July 1 1908. Fund Is
to be Invested In the company’s bonds If they can be bought at not more
than 105 and Int. Bonds cannot be called. See V. 75, p. 342. On tho
Ind. & Greenfield bonds, $12,500 Is payable yearly to a sinking fund begin
ning Oct. 1 1904, with which bonds beginning with No. ! arc being pur
chased at 105 and accrued Int.; $96,000 have been so purchased.
Dividends.— Initial dlv., 1H % . on pref. paid Oct. 1910. In 1911,
Jan., 1J(% .
REPORT.— For entire system for calendar year 1010. Reports In 1000
10 and 1908-09 arc for years ending March 31.
1910.
1909 10.
1908-09.
Gross earnings--------------------------------$5,840,385 $5,451,175 $5,078,685
Operating expenses and taxes_______ 3,339,805
3,019,553 2 ,803,679
Sinking funds, subsidiary companies.
Int. Ask.fd. on dlvls. bds. of this C o ..
$2,500,580
$1,451,091
128,547
27,500
$2,431,622
$1,451,728
122,463
27,500
$2,275,005
$1,409,672
118,805
27,500
B alance________________________
Int. on $5,500,000 T. II.I.& E.T.bds.
Sk. fd. on T . II. I. & E .T r. bonds___
$893,442
$275,000
40,500
$829,931
$275,000
$719,028
$275,000
$568,042
$444,028
$554,031
ROAD.— Operates a modern high-speed electric railway over lines
which comprise a continuous route from and Including the city of Paris In
Illinois through the city of Terre Haute and towns of Brazil, Greencastle,
Amo, Clayton and PlalnQeld, to the city of Indianapolis, and thence through
the towns of Greenfield, Knlghtstown, New Castle and Cambridge City, to
the city of Richmond In Indiana; also a line running south from Indianap
olis to Martinsville, Ind.; a line running west from Indianapolis to Danville,
Ind.; and a line running northwest from Indianapolis to Crawfordsvllle
and Lafayette, and from Terre Haute a line north to Clinton Ind., and a
line south to Sullivan, Ind. Also operates the city lines In Indianapolis,
Terre Haute and Richmond. Total miles In single track: city lines, Indi
anapolis, 132.87; Terre Haute, 26.39; and Richmond, 9.71; total, 168.07;
Interurban lines, total, 342.90. Grand total, entire system,511.87 mlies.
, OFFICERS.— Pres., Hugh J. McGowan; V.-P. & Gen. Mgr., Hobt. I.
Todd; V.-Ps., Marshall S. Morgan, E. B. Peck and John J. Appel; Sec. &
Treas., Jos. A. McGowan.
Directors. Hugh .J. McGowan, W . Ifesley Schoepf, Randal Morgan,
?°seo^
A ppe>- J<’s- A. McGowan and E. B. Peck. V. 84,
p
’
? 7k
7 ’ p.
88k
p - 296' V - °° . P- H03, 1240, 364, 1491, 1555; V. 01.
p. I lo, ?V.
U6,
Olio.
(1)
Indianapolis Traction & Terminal Co.
E a M e m T U c u Z ? 0^ O o 'y ^ L T m . 'u s ^ th° Terr° IIautcIntUanapoU3 &
.r2iRn?1nNIZ'KT f ON’.TJ.ncorpo^ated ln Indiana on Aug. 4 1902 with
$o00,000 capital, which was Increased In Jan. 1003 to $5,000,000 to
lease the Indianapolis St. Ry. and to provide terminal facilities for all
Interurban electric roads now entering or yet to enter Indianapolis. Franchlse Is for 31 years, under the terms of which the company Is to pay the
city 4 cents per car for the first 11 years, 6 cwnts for the next 10 years and 0
cents for the remaining 10 years. On Dec. 20 1002 leased for 31 years tho
Indianapolis Street Ry. V. 75, p. 1301.
Interurban railways enter the city under agreements by which they pay
3 cents per passenger for all passengers carried In tho city limits and an
additional 1 cent for those using the terminal station. V. 81, p. 264.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Last Dl*.
Stock, $5,000,000 .................................................. $5,000 000 Dec31'10 1%
1st inort., $5,000,000, gold) 1003
5 g A-O
4,250,000 Jan. 11033
($1,000), s. f .................. c*JInt. at Guaranty Tr. A S. D. Co., Phlla.. Tr.
Bonds.— $750,000 are reserved for extensions and betterments.
sinking fund provides for the payment annually of 1 1-5% of bonds out
Common $ iX ° 0.000 ° f r
^
Og U
£ X 0
n
MaturU"
standing. Including those In the sinking fund. See V. 76, p. 1085. Bonds Pref. ($1,000,000) 5% c u m .. I I ”
-----450 000
text*
‘
may be drawn for sink, fund after dan. 1 1908 at 102 H and Interest and are
at(
M
&
53'000’000’
S°ld]10O
3
5
gM
-S
2.470,000
Mar
l l92
subject to call at that price after Jan. 1 1908. See V. 81. p. 264.
nnliS.
SiV..........
t
—
-®*
J
Int.
at
Knickerbocker
Tr.
Co..
N.
Y
..
Trust
Dividends.— First dividend on stock, 1%. was paid Deo. 31 1908:
The remaining $530,000 for Improvements. &c..at 50% and 75 %
.
1909, June, 1% ; Dec., 1%; In 1910, June, 1%; Dec., 1% .
1 E A H W m rs " p f b° ads £??.be called on any lnt.date at 110 and Int. 7
ROAD, &c.— In addition to 132.87 miles of Indianapolis Street R y., has
liA U N iN uo.'—fo r year ending Dec. 31 1910 *
tioa 4 ^7 .
completed 18.1 miles of single track and owns 9-story office and terminal
*
building, train-sheds and three freight depots centrally located In Indianapo ^*?i*A444; ,nt* and taxes» $138,622; dlvs., $22,500* surplus’ $22 322 '
—
EmlJIacc,
s
92.25
miles
of
track
between
Indianapolis
* Zlonslis; also real estate on which same are constructed. This terminal is used
by all lnterurban roads (13 In number) entering Indianapolis. Owns
r& M r d * » u “ To.*e.- '¥5ku. brS 5 m e r 2 o 'v S S S u to
electrical and steam equipment of 7,000 k. w. capacity. Has 92 double
truck closed and 35 double truck open city cars.
EARNINGS.— For calendar years:
(4 > An,dial?a P?1' s„ , , Martinsvi,Ile Rap'd Transit Co. An electric road.
Year—
Gross.
Net.
Charges. Surplus. Dlviend. Balance.
Leased.— In April 1907 was leased to the Terre Haute Indianapolis &
1910.......... $3,141,213 $1,574,076 $1,261,504 $312,572 $100,000 $212,572
The latter co. will pay the lnt. on the bonds: also
1909 -------- 2,861,283 1,541,045 1,244,616
296,429 100,000 196,429 Hast- Trac. for 999 years
$500
per year for organization
V. 84. p. 749. The Terre Haute Ind. &
1908 -------- 2,673,436 1,463,395 1,248,183
215,212
50,000 165,212
• Out of $296,429 surplus In 1909 a dlv. of $100,000 was paid In 1908 East, owns entire Issue of stock except directors’ shares.
$50,000 dlv. was paid.
ORGANIZATION.— Incorporated In Indiana on April 24 1901. Operates
OFFICERS.— Pres., Hugh J. McGowan: V.-P. & Gen. Mgr., Robt. I
on private right of way except In Incorporated towns.
Todd; V.-P., E. B. Peck: V.-P., John J Appel; V.-P., Marshall S. Morgan
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
Sec. & Treas., W. F. Mllholland. V. 81, p . 264; V. 82, p. 627; V. 83. o
Stock, $750,000 ($100) .............. ..............................
$750,000
V'
1411; V. 87. p. 1664. V. 90, p. 1101, 1239.
1st mtge., $750,000 ($ 1 ,000 ) f 1902
5 g J-J
750,000 J a n ."V 1932
gold---------------------c* As r.( Union Trust Co. and Security Tr. Co. of In(a) Indianapolis Sfreef R y . — A trolley system.
( dlanapolls. Trust. Int. at Sec. Tr. Co., Ind.
ORGANIZATION.— Incorporated In Indiana March 7 1899. After
Bonds. — No sinking fund but bonds are subject to call after 10 years at
acquiring the Citizens Street RR of Indianapolis and the City Railroad, 105
and Interest. See V. 78, p. 1223.
made a contract with the City of Indianapolis agreeing to surrender the
ROAD.— Embraces 30 miles of track from Indianapolis to Martinsville
rights and franchises of both companies and accept a new franchise running
only thirty-four years, rhe contract also provides that cash fares are not completed In May 1903. 70-lb. rails: standard gauge.— V. 84, p. 749.
to exceed live cents, with free transfers, and tickets are to be sold at the rate
of six for twenty-live cents and twenty-live for one dollar
INDIANAPOLIS CRAWFORDSV 1LLE & WESTERN TRACTION CO.—
The company also binds Itself to pay over to the cltv (which Is tn emend An electric road.
It on the public works) the sum of $30,000 yearly from 1899 to 1925an d
Receivership.— On July 8 1909. on application by the Electrical Installa
SPC v °a8 Cn
1°,2,? t0A032- Inclusive, the contract expiring In*1933 — tion Co.. Judge Anderson at Indianapolis appointed II. J. Milligan of In
rhe clt/ gcts th0 r*Kht to purchase the property “ at dianapolis, receiver. V. 89, p. 348. At the request of bondholders’ com
anytime within two years and not later than one year before the expiration mittee, which controls $1,000,000 of the $1,500,000 bonds, trustee has
of this cnn*ract nothing to be paid for the value of the franchise. ~
brought suit for foreclosure. V. 90, p. 372
sustained May 1902. V. 74. p. 936
ORGANIZATION.—Incorporated In Indiana In 1903 as the Consolidated
As to the three-cent fare case, which the U. S. Court of Appeals decided Fraction
Co., but name changed In 1906 as above. Built entirely on private
*n favor Of the Citizens Co. In Dec. 1897, see Supplement of Nov. 1898, and right of way
In cities and towns has 50-year franchises which permit the
V. 64, p. 842, 1180; V. 65, p. 51, 181, 1172.
carrying of freight, express and mall matter.
. - . ^ ^ i 1!14003 tbc (W00,000) bonds of Broad Ripple Traction Co., and owns
Control by Trustees.—Hoad Is controlled by a board of five managing
75 % of Its stock.
n5f ° iiStn
l}' Ho,t ot Indianapolis, Chairman: Edward
Lease.— On Dec. 29 1902 was leased to the Indianapolis Traction As Ter
Hawkins .Indianapolis: C. N. Van Cleave, CrawfordsvIUe; A. E. Reynolds,
mlnal Co. for 31 years. See V. 75. p. 1301. Lease provides for dividend of CrawfordsvIUe.
and A. M. Hewes, Chicago.
y
1 % Jan. 1 1003, then 3 % In semi-annual Installments for first year, 4 % for
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
second year, 5% for third year and 6% after July 1906.
'
Stock, $3,000,000 ($ 100) ____ _____
_______
s: non non
'
P.n7f?i°.Y
i N(?
iS ? N DS_
Date‘
Interest.
Outstanding.
™n°>rtS:a£ e * 3 .° 00 .°00f 1905
5 g J-J
1.500’,000 May~2Tl938
Capital
stock
($100)...........................
j-j
$5,000,000 Maturity
Jan '11,3Ac
% Flr^t,
($1,000) gold.................. c*( Marlon Trust Co., Indianapolis Trustee.
Indianapolis St. Ry. gen. 1899
4 g J-J
6,000,000 Jan 1 1933
llnterest at Van Norden Trust Co., N. Y.
M.
$6,000,000,
gold interest at Guar. Trust & Safe Deposit Co.
($1,000), guar............ ..c *
Bonds and Stock.— The underwriting agreement dated Feb. 21 1906 pro
Phlla., Trustee.
Citizens’ St. Ry. 1st M., I ? 33
vides
for
the
sale
at
90
%
of
not
exceeding $1,500,000 of the bonds with an
5 * M-N
4,000.000 May 1 1933
$4,000,000 gold________ c*
equal amount of stock as bonus. Bonds subscribed for were not to be sold
Central Trust Co.. New York Trustee.
Equip, certificates Series " A ” 1909
for less than 95 % before July 1 1907. Sinking fund of H of 1 % yearly of
5 M-N
170 000 Soo toxf$200,000 ($1,000)________ Fidelity Tr. Co., Philadelphia, trustee.
bonds that have been outstanding for 5 years becomes operative Oct. 1
1912. V. 84, p. 1247.
Equip, certificates Series “ B” L 1,9,1 ,.
100,000 Sec text,
$100,000
— Proposes to build 87 miles of track between Indianapolis and
intoro.t nn imm, M . ------ 7 *
Trust Co., Philadelphia, trustee.
™
Cltlz.ensconsois at Fourtn Street Nat. Bank, Philadelphia.
the Illinois State Line, 6 miles east of Danville, where connection will be
Fhe mortgage of 1899 was for $7,000,000, but $1,000,000 has been can
made with the Illinois Traction Company’s system. Section between Inceled. No bonds reserved for the Citizens’ consols. The company binds dlanapolls and CrawfordsvIUe, 45 miles, has been completed and Is being:
Itself to pay to the Indiana Trust Co. a sum annually sufficient to redeem operated. Equipment consists of 6 regular and 2 limited passenger coaches
at maturity the greater part of the entire Issue of Indianapolis Street Ry.
2 express cars, 300 h. p. each. Power house at CrawfordsvIUe. two
bonds; this provision Is guaranteed by the Indianapolis Traction & Terminal 700 k. w. direct connected compound condensing units.
Co. See V. 76, p. 542. Equip, certificates Scries " A ” mature $10,000 on
OFFICERS.—
Pres., A. A. Barnes, Indianapolis; Sec., Edward Hawkins.
May 1
and
Nov.1each year until paid
In full.$30,000 havebeen
retired
They cover purchase of 54 new cars. V. 88, p. 1499. Series “ B” mature Indianapolis; Treas., Oliver P. Ensley. Indianapolis: Gen. Mgr., C. E. Mor
$5,000 on Jan. 1 and July 1 In each year until paid In full. They covcrjpur- gan, CrawfordsvIUe.— V. 84, p. 1247; V. 89, p. 348; V. 90, p. 372.
chase of 25 new cars.
INDIANAPOLIS NEWCASTLeY t OLEDO ELECTRIC R Y.— An eleoStock and bonds listed on Phlla Stock Exchange
V. 69, p. 851.
t-ric road.
ROAD.—Operates 132.87 miles of track, with 350 cars. 90-lb. rail.
Receivership.—Judge
Carter In the Superior Court at Indianapolis Nov. 5
OFFICERS.— Pres., George Brown, Indianapolis; 1st V .-P., 11. S
appointed the Union Trust Co. of Indianapolis receiver on application
New; 2d VIce-Pres., Joseph S. Neff, Philadelphia; Sec. and Treas., Henry 1907
the Electric Installation Co. of Chicago, creditor. A creditors’ agree
Jameson: Asst. Sec. and Asst. Treas., C. E. Morgan 3d, Philadelphia, and of
ment was declared In force June 15 1908, which permits the Issuarce of
W. F. Mllholland, Indianapolis.— V. 79, p. 151; V. 88, p. 1499.
6 % receiver’s certificates as a first lien. $460,000 of these certificates have
(2) Terre Haute Traction & Light Co.
been Issued and taken by Union Trust Co.. In Its Individual capacity. Pro
v £ e£ i ed;^~ln £Jar9h
was leas«d to the Terro Haute Indianapolis As moters have settled with over 90% of creditors at 30 cents on the dollar,
Eastern Trac. Co. for 999 years. The latter company guarantees 6% on and road Is to be completed. V. 89, p. 778. In Nov. 1910, however, the
the outstanding pref. stock and 2% on common for 1 years, 3% for mtge. trustees filed suit in Superior Court at Indianapolis to have foreclosure
l yeai, 4% for 1 year, and 5% thereafter, and $1,000 per year lor organi sale, subj. to receiver’s certfs., principally, It is stated, to clear the title of
the property. V. 91, p. 1254.
zation expenses. V. 84, p. 750.
8
The Terre Haute Ind. & East. Trac. owns all the common stock except
ORGANIZATION.— Incorporated In Indiana on Nov. 23 1904. Has
directors shares.
lnterurban private right of way 50 to 100 feet wide, and private right of
. ORGANIZATION.— Is a consolidation in 1904 of the Terre Haute Elec way within city limits of Indianapolis 150 feet wide to terminal at 10th Street
tric Co. and the Terre Haute Electric Traction Co. Principal railway and Massachusetts Avenue.
f r a n c h is e s expire 1952; principal lighting fr a n c h is e perpetual; other f r a n
STOCK AND BONDS—
Dale.
Interest. Outstanalng. Maturity
c h is e s average 30 years from Jan. 1 1906.
Leases Terre Haute As Western Stock
................ $3.500 000
$3,500,000............................ .
Railway Co.
First mortgage $4,500,000/ 1905
5 g J-J
See text. July 11935
STOCK AND BONDS—
D a te.
In t e r e s t .
O u t s ta n d in g .
M a tu rity.
Date.
Interest.
gold ($1,000) ...................../Interest at Knickerbocker Trust Co.. N. Y.
___
M-S $2,000,000
See text. Receiver's certificates......................
6%
460.000 Sep 15,1912
M-S
1 ___
645,500 MchT 1 ,3 % , -Bonds.— No bonds have been issued except for use as collateral—about
1004
5 g M-N
... - __________. ____
3,083,000 May 11944 $2,600,000.
Interest at
at State
State Street Trust Co., Boston.
gold---------------------- --------- /Interest
ROAD.— Will comprise from Indianapolis to Newcastle, 44 miles; NewTerre Haute Electric 1st mtg.l 1899
5 g J-J
1,500,000 July 11929
$1,500,000 gold ($1,000) c* JInt. at Boston Safe Dep.As Tr. Co., Boston. eastle to Muncle, 18 miles (for which right of way has been nearly all pur
e f° RJchinon(i. 28 miles. The Indlanapolls-Newcastle
B o n d s . — The Union Trust Co. of Indianapolis and the Boston Safe Deposit
& Trust Co. are Joint trustees of the Terre Haute Electric intge Or the trunk line, 44 miles, has been completed and is In operation. Power-house
$5,000,000 consols, $1,500,000 are reserved to retire prior Hens. The new Y S u ' S i V , 89WpS 77P8 f v noYrpCaii5a4n.d 2
^
V ’ ®7' P' 97’’
bonds are callable as a whole at 110 and lnt. on any Int. date. A s i n k i n g
f u n d of 1 % of outstanding bonds commenced May 1 1906.
$128 000 was
INDIANAPOLIS & CINCINNATTfRACTION CO.
held by this fund In Jan. 1 1911. The United States Trust Co. of Terre
Haute and the State Street Trust Co.of Boston are trustees of this mtge.
ORGANIZATION.— Incorporated In Indiana on Nov. 17 1910 as succes
oce v . 78, p. feOio,
sor to the old Indianapolis & Cincinnati Trac. Co., sold at foreclosure Nov 10
EARNINGS.— For cal. year 1910, gross, $1,221,307- n e t a fte r taxes
1910. V. 91, p. 1385, 1025. Owns the entire common stock and $30 000
l l l 072 8 1
7™-n Y e t n ^ f f Cnt? lS’ 5 2 l 2r- ^ 0; surplus, $372,317’. In 1909, gross’, 1st mtge. bonds of the Indianapolis As Southeastern Traction Co which
also leases. Private right of way except In cities and towns. County
plus 7$307°bl6 l ’
taxc3’ ?542,43G: lnt- and rentals, $235,420; sur It
franchises perpetual. Franchises In cities and towns are for 50 years, except
D.— Embraces 100.25 miles of track In Terre Haute, Including lines In Indianapolis, In which 31 years. Has contract with Indianapolis Traction
from Terre Haute to West Terre Haute, Clinton, Brazil, Sullivan, Ind., & Terminal Co., allowing Its cars to enter Indianapolis for 31 years.
Receiver's certfs. of old company may be exchanged for new company
and Paris, 111. Ralls, 40 to 80 lbs. 95 cars.— V. 84, p. 750; V. 90, p. 1555
bonds through Ger.-Amer. Trust Co., Indianapolis.
(a) Terre Haute & Western Ry. Co.— An electrlo road.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Leased to Terre Haute Traction & Light Co. for 099 years from Nov. 1907.
$2,000,000________
ORGANIZATION.— Incorporated In 1907 In Illinois. Road extends Common,
$1,000,000_______________ I I .
.................... ..
rroin the Indiana State line near Sandford, Ind., to Paris, 111., 11.6 miles Pref.
1910
Began operation Oct. 25 1907. Is entirely on private right-of-way. Entire First mortgage $4,850,000__ f(Central
Trust Co., N. Y ., and E. F. Hyde,
com. and pref. stock owned by Terre Haute Trac. & Lt. Co.
l New York, trustees.
STOCK AND BONDS—
D a te.
In t e r e s t .
O u t s ta n d in g .
Bonds.— 1st mtge. Is divided Into 3 classes. A, B & C. Class A $1 300 Maturity.
$200,000
Stock common $200,000_____. . .
000, are to be used to retire receiver’s debts, &c. Classes B & C for exten
Preferred $ 1 5 0 ,0 0 0 ....................
*
150,000
sions, impts., <Scc.
First mortgage $250,000 goldl 1907
5 g M-N
250,000 Nov l ' l 937
EARNINGS.— For calendar year 1909, gross, $192,191; 1908, gross.
guar p As 1 ($1,000)----- c*JInt. at New England Tr. Co., Boston, Trust. $179,117. In 1907, gross, $182,777.
’ *
’
Bonds.— Are guar. p. & 1. by endorsement by Terre Haute Tr. & Lt. Co.
ROAD.— Is to operate a double-track road from Indianapolis via RushEARNINGS.— For calendar year 1910, gross, $54,909; net, $26,269- ville, Connersvllle and Hamilton, to Cincinnati. Road Is now In operation
to Connersvllle, 58 miles. Ten passenger cars and 1 express car
Uses the
Interest, $12,500; surplus, $13,769.— V. 90, p. 1555.
single-phase alternating current system. 70 lb T rails
Power house for
(3)
Indianapolis & Northwestern Traction Co.— An electric road.
Lease.— In April 1907 was leased to the Terre Haute Indianapolis & the operation of all lines Is located at Rushvllle — V 85 n 221 - v 86
Eastern Traction for 999 years. The latter company will pay the Interest p. 668; V. 89, p. 778; V. 90, p. 1170; V. 91, p. 518, 915, 1025,’ 1385; V 92|
*' 322.
on the bonds; also 1H % quar. or 5% per annum on the $450,000 nref
stock and $500 per year for organization. V. 84, p 869.
(1) Indianapolis & Southeastern T raction. — A trolley road.
Entire Issue of common stock, except directors’ shares, Is owned by the
ORGANIZATION.— Organized In 1905 as successor, through exchange of
Terre Haute Indianapolis & Eastern Traction.
stock, of the Indianapolis ShelbyvIUe & Southeastern Traction Co. Entire
ORGANIZATION.— Organized In 1902 In Indiana. Operates a modern
stock is owned by the Indianapolis & Cincinnati Traction Co.,
high-speed lnterurban railroad, standard-gauge, located upon private right common
which also leases the road for 999 years and guarantees Its bonds, and divi
of way outside of the city corporate limits. Extends northwesterly from dends
on Its preferred stock after Oct. 1 1908, when that stock became
the city of Indianapolis through the cities of Lebanon and Fiankfortto the cumulative
Rental under lease to be 50% of gross receipts, from which
city of Lafayette, with a branch from Lebanon to CrawfordsvIUe, each of bond Interest, taxes and dividends on stock are to be paid. V. 81 p 668
which cities Is the county scat of Its respective county. Has trackage Franchises
are perpetual In Marlon and Shelby counties and 50 years n
rights to the business centres of Indianapolis and Lafayette.
ShelbyvIUe. Operates over private right of way with the exception of 3 X
The franchises run for 31 to 50 years and permit the carrying of freight
? a5 31'Fear franchise from city of Indianapolis and arrangement
express and mall, as well as passengers.
with t he Indianapolis Traction & Terminal Co. allowing lt entrance Into city
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common $600,000 ($100)..........................................
5600,000 V 1 V » W *
600.000 Sfe text.
Prel $600,000 see text ($100)....................................
First mortgage $1,000,000(1905
5 g J-J
500,000 i i 1'? gold ($1,000) guar..............lin t, at Farmers’ Loan & 'ir. Co.. N. Y ., Trus
Ind Shelbyv & Southeast 1st) 1902
5 g J-J
480,000 Jan. 11932
mtge $500,000 g ($ l.000) s flin t, at Amer Tr. & Sav. Bk., Chicago Trus,
1 Vh 7 0 ,
L fL b .
A
LtJU I , 1 7 3 /O ,
2-Vis L IA A A OV/O,
w w -
-
-------- --- •
; . L , . . X l AP
1909 and thereafter, 2 A % semi-annually. This stock Is redeemable at 105
and accrued dividend on any dividend date. See v . s i , p.
B o n d s . — Of the $1,000,000 new bonds, $500,000 Is r.e®eY ? n ^ /nH lntPr^r
The new bonds are subject to call on any Interest
Of the Indianapolis Shelby vllle & SoutheM tem bQ nds.theentlre^suem ay
be called oa any Interest date at 110. A s i n k i n g f u n d o n t h e s e bonds of
$10,000 per annum commences Jan. 1 1908,
2 S ^ ? r£JiUed
at 105. beginning with the lowest number. $20,000 have been retired.
EARNINGS.— For calendar year 1909, gross, $214,990; 1908, gross,
$200,355; In 1907, gross, $189,621.
r o a d __Onerate* 47 miles of track, connecting Indianapolis with Shelbyvllle ana ureensburg. 60-lb. T rails. 10 passenger and 2 express cars.
nK F iO F R S — Pres., George A. Ball: V .-P ., Fred. C. Gardner; Sec.,
John E. Reed: Trees.. J. F Wild: Gen. Mgr., Chas. L. Henry.—V. 77,
p. 250, 1874, 2159; V. 81, p. 668 1375.
EARNINGS.— Including Jackson Consolidated Traction Co.:
Years ending April 30—
1909-10.
1908-00.
1907-08.
Gross earnings.......................................$1,248,889 $1,026,796
$943,324
Operating expenses..............................
684,216
568,157
521,728
Net earnings____________________
Interest and taxes__________________
Preferred dividends________________
$564,673
360,736
60,000
$458,639
305.891
60,000
$421,596
262,720
60,000
S u rp lu s.-.........................................
$143,937
$92,748
$98,876
Passengers carried In 1909-10, 19,860,950, against 17,161,948 In 1908-09.
ROAD.— Operates all city lines In Jackson, Battle Creek, Kalamazoo
and Lansing and lnterurban lines between Jackson, Battle Creek and Kala
mazoo, and between Jackson, Lansing and St. Johns, and from Jackson to
Grass Lake and Wolf Lake; total operated, 230 miles. Through service
between Jackson and Lansing began in Nov. 1909. An extension of the
Pine Lake line from Lansing to Owosso (25 miles) Is under construction
by allied Interests and expected to be ready for operation by June 1 1911.
OFFICERS.— Chm. of Board, Geo. G. Moore, Detroit; Pres., Myron
W. Mills, Port Huron; 1st V.-P., J. R. Elliott, Portland, Ore.; 2d V .-P ..
J. P. Clark, New York; 3d V.-P. & Gen. Mgr., A. W. McLlmont. Jackson;
Sec. & Treas., R. Morrison Jr., Jackson; Asst. Seo. & Treas., KIrkc Lathrop. General offices, Jackson, Mich.— V. 82, p. 805, 987. 1157; V. 84,
p. 1183; V. 85, p. 722; V. 87, p. 97, 167, 282, 285; V. 88, p. 295, 1437; V. 90,
p. 106, 914, 1026, 1096, 1157.
J A C K S O N , M IS S .
IR O N W O O D , M IC H .
TWIN CITY GENERAL ELECTRIC.
In Jan 1911 It was stated that the Gogebic & Iron Counties R y. & Lt. Co,
of Michigan had an option on this property.
STOCK AND BONDS—
D a te.
In terest.
O u t s ta n d in g .
M a tu r ity .
S to c k ______________________ _____
_________
$400,000 ---------------First mortgage, $200,000,/ 1900
5 g A -0
156.000 Oct. 11930
($1 00 0).............................. 1Interest at Milwaukee Trust Co., Trustee.
ROAD — Owns 7 A miles of track.
OFFICERS.— Pres., Treas. and Gen. Mgr., E, D. Nelson; Sec., F. L.
Blackhurst; Supt„ E. D, Nelso i Jr.
______ _
IS H P E M IN G , M IC H .
EDWARDS HOTEL & CITY RAILROAD CO.
ORGANIZATION.— Incorporated July 19 1870 under a special charter
granted by the Legislature of Mississippi for unlimited number of years.
In 1908 purchased the Jackson Electrlo R y. Light & Power Co.
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity.
Stock $40,000 ............................................................
$40,000 ...................
Morteage$ 1,000,000............C 1908
5 J-J
300.000 Jan 11938
Bonds.— $300,000 were Issued to retire Jackson Elec. R y . Lt. & Pow.
Co.’s bonds; $700,000 reserved for betterments and additions. Cannot
be called.
ROAD.—Operates 12 A miles of track.
OFFICERS.— Pres., F. G. Jones: V.-P. Ben. H. Wells; Sec. and Treas.,
S. T. Carnes; Gen. Mgr., Jack Abbott.
JACKSON, TEN N .
MARQUETTE COUNTY GAS & ELECTRIC C O — A trolley road.
ORGANIZATION.— Incorporated In Maine on Nov. 19 1906 as reor
JACKSON RAILW AY & LIGHT CO.
ganlzatlon of the Marquette County Gas Light & Traction Co. sold unde
ORGANIZATION.— Incorporated In Tennessee In July 1906, and Is suo’
foreclosure. V. 83, p. 1037. Docs gas and electric light business In No- cessor to the Jackson & Suburban Street Railroad Co. Franchise expire8
gaunee and Ishpemlng.
In 1937. Also owns a park of 15 acres. Does lighting and power business
F r a n c h i s e s expire: Street railway, 1936; gas and electric in Ishpemlng,
in addition to street railway.
perpetual; In Negaunee, gas, 1933; electric light, 1921.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock S600 000 ($100)
__ _____
_______
$600,000 -----------STOCK AND BONDS—
D a te.
In t e r e s t .
O u t s ta n d in g .
M a tu r ity .
5 g J-J
500,000 Jan 1 1937
Stock $750,000 ($100)..........................................
$<50,000 ................... 1st mtge° $600,000 ($1,000) 1 1906
No s f
Redeem at 105. .c/Columbla Trust Co., Louisville, Trustee
First mtge $1,000,000 gold/ 1910
6 J-J
250,000. Jan 1 1930
EARNINGS.— For calendar year 1910, gross, $78,301; net, $31,834 ;
($1,000).......................... o*\Int. at First Tr. & S. B., Chic., Trustee.
Debentures $300,000 g o l d ...) 1910
6 J-J
200,000 Jan
1916 fixed charges, $24,958; surplus, $6,876.
„
, „ ,
lin t, at First Tr. & S. Bk., Chicago.
ROAD.— Operates 9 A miles of track. 60-lb. rail. Completed a modern
B o n d s . — First mtge. bonds are reserved under certain restriction! to re
power plant In 1907.
.
, _
,,
_ _ _ ,
tire debentures or for Improvements and extensions at 85% of cost thereof
OFFICERS.— Pres., Harry Welsslnger; V.-P. and Gen. Mgr., S. S. Bush,
Sk. fund of 1% of bonds out from 1913 to 1915, inch, froml916 to 1929, Sec. and Treas., Geo. W. Lewis, all of Louisville, K y.— V. 83, p. 95.
Incl., 2% yearly. Red. at 105 and Int. on any Int. day. V. 91, p 1767.
Additional deb. bonds may be Issued for Improv’ts and extensions at 85%
of cost. They arc subj. to call on any Int. day at 100 and Int.
J A C K S O N V IL L E . F L A .
EARNINGS.— For cal. year 1910, gross. $123,032; net, $36,048.
JACKSONVILLE ELECTRIC CO.—Trolley.
ROAD.— Operates 4 A miles of track In and between Negaunee an . IshORGANIZATION.— Incorporated In Florida In 1902 and Is a consolida
^OFFTCERS.— Pres., John B. Sears: Sec. and Treas., E. R. Kioso Jr., tion of the Jacksonville Street Ry. Co., the Main Street R R . Co. and the
Jacksonville Eleo. Lt. Co.; railway franchise expires in 1932. Does the en
226 La Salle St., Chicago.— V. 83, p. 1037, 1590; V . 91. p. 1767.
tire electrlo railway business In Jacksonville. $350,000 com. stock Is held
by the Public Service Investment Co.
On Jan. 6 1908 purchased at foreclosure sale the North Jacksonville Street
IT H A C A , N . Y .
Rallwav Town & Improvement Co. for $70,000. See V. 86, p. 421.
ITHACA STREET RAILW AY.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
In May 1907 A. H. Flint & Co. of N. Y . purchased control ol road and is Common. $1,000,000 ($100).............
F-A
$800,000Feb *11 3 A %
rebuilding (50% completed) cntlre systcm jn the city. V. 84, p. 1307
Pf 6% cum. $500,000 ($100)
___
6 F-A
500,000 F eb’ 1 1 ,3 %
ORGANIZATION.— Chartered Nov. 18 1884. In June 1908 merged 1st mortgage, $1,250,000, gl 1902
5 g M-N
1.207,000 May 1 1927
with the Cayuga Lake Electric R y. and Ithaca & Cayuga Heights Ry.,
($1.000)........................._c*)lnt. at Amer. Trust Co., Boston, Trustee.
which roads were formerly leased. In June l 0O 7theN ew York Railroad Notes payable Dec. 31 1910................ - ....................
160,000 ...........
Commissioners authorized a new mortgage for $750,000 as below.
Stock and Bonds.— Pref. stock Is redeemable at 120. Bonds are subject
Franceses granted May 13 1908 are for 99 yearsandcoverdouble-tracked to call as a whole at 105 and Interest on any Interest date. A sinking fund
portion of road. Other parts of system private right of way or J r a n c h ls of 1% annually of bonds outstanding commenced May 1 1907, which may
be used cither for extensions and Improvements or In the purchase of bonds.
PCSTW?K AND BONDS—
D a te.
In t e r e s t .
O u ts ta n d in g .
M a tu r ity .
Dividends.—The first dividend on preferred of 3 % was paid Feb. 1 1903;
.............. ..
$325,000 1908-09,4% and the same amount paid each six months since then. First dlv. on com
Stock $325,000 (par $100)— .......
New 1st mtge, $750,000,1 1907
5 g J-J
435,000 July 1 1957 mon stock (2%) was paid Feb. 1 1905; Aug. 1 1905 (V. 81. p. 211). 3% .
gold - - - - - _________ o*)Int. at Carnegie Trust Co., N. Y ., Trustee. From 1906 to 1909 incl., 6% per ann. In 1910, 6>*%; In 1911, Feb., 3 A % ■
First mortgage, $175,000___ | 1892
6 J-J
175,000 July 11922
EARNINGS.— For the 12 months ending Dec. 31 1910, gross, $576,081;
(Int. payable at Farmers L. & Tr. Co., N. Y. net, $264,843; Int., and taxes, $100,498; improvt. fund, $12,500; divs.,
Second mortgage, $75,000____ 1894 6 J-J
75,000 July 1 1922
$82,000; surplus, $69,845.
„
6 J-D
25,000 June 1 1922
Cayuga Lake Elec 1st mtge gu. 1894
ROAD.— Operates 42.2 miles of track. Has 82 cars. Ralls, 40 to 70
B o n d s . — No more bonds of 1907 can be Issued except to retire prior Hens.
lbs. Gauge. 5 ft.
_
They are subject to call at 107. No sinking fund. They are guar,, p. & 1.
OFFICERS.— Pres., Geo. J. Baldwin, Savannah, Ga.; 1st V .-P ., Chas. F.
by N. Y . Auburn & Lansing R R .
.
,
. —.
Wallace; 2d. V .-P ., Harry H. Hunt; Treas., Henry B. Sawyer; Seo., Alvah
ROAD.— Owns and operates 10.27 miles of track. 3 miles of addl
K. Todd; Mgr., Hardy Croom, Jacksonville, Fla.: Gen. Mgrs. and Transfer
tlonal track Is now being constructed. Ralls, 80-lh.
Agts.. Stone & Webster. Boston.— V. 86, p. 421; V. 89, p. 348; V. 91, p. 38;
REPORT.— For year end. Dec. 31 1910, gross, $131,195; net, $43,156; V. 92, p. 261.
_______
oharges, taxes, &c., $26,159; depreciation, $3,686; divs., none; surplus
$ 13 311
*
JAM ESTOW N, N . Y .
OFFICERS.— Pres., A. H. Flint; V .-P ., Chas. W. McChesney; Seo. and
Treas., H. A. Clark.— V. 72. p. 988: V. 84. p. 1307; V. 85. p. 40.
JAMESTOWN STREET R A IL W A Y — Trolley.
ORGANIZATION.— Incorporated Oct. 18 1883. Franchise runs till 1982.
STOCK AND BONDS— Date.
Interest. Outstanding.
Maturity.
J A C K S O N , M IC H .
$100,000 ...................
MICHIGAN UNITED RYS.— A third-rail and trolley system. ( S e e M a v Stock, $250,000 (par $50)............................ ........
1st mortgage $300,000 goldl 1803
6 g J-J
300,000 Jan 2 1923
o n p a g e 59.)
($1,000)
.................... c* I Interest payable at Morton Trust Co., Trus.
ORGANIZATION.— Incorporated in Michigan on March 31 1906 and
764,641
—
on May 1 1906 took over the Michigan Traction Co., the Michigan Traction Current liabilities June 30 1910 ...................- - - EARNINGS.— For year ending June 30 1910, gross, $205,504; net,
Extension Co., the Jackson & Battle Creek Traction Co., and the Lansing &
Suburban Traction Co. The Lansing & Jackson Railway Co. has also been $63,769; other Income, $14,020; charges, $91,473; deficit, $13,684.
ROAD.—Owns 24.643 miles of track, 55 cars, 2 sweepers.
deeded to the Michigan Un. Rys. In Oct. 1907 the Lansing So. Ry. was
OFFICERS.— Pres., A. N. Broadhead; V.-P., L. B. Warner; Sec. and
Incorporated as a subsidiary company to build two miles of electric railway
Treas., S. B. Broadhead; Gen. Mgr., G. E. Maltby, all of Jamestown.
through Mason. Mich. Stock, $50,000.
In 1908 consolidated with Jackson Consolidated Traction Co. V. 84, p.
CHAUTAUQUA TRACTION CO.— A trolley road.
.
1183, and V. 87, p. 285. Latter company’s fr a n c h is e s In Jackson expire
ORGANIZATION.— Incorporated in New York on March 7 1903. Is
In 1960. The city of Jackson has the right to purchase the Jack. Cons.
controlled by the same interests as the Jamestown Street Ry.
Trac. at an appraised value In 1930 and each 5 years thereafter.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS—
D a te.
In t e r e s t ,
o u tsta n d in g .
M a tu r ity .
$500,000 ($100).........................................
$500,000 .................
Common. $6,000,000 ($100)................................... $6,000,000 „
------— Stock,
1st
mortgage,
$600,000,
gold)
1904
5
g A -0
159,000 Apr. 1 1934
Pref $1,000,000 ($100) 6% cu..........
M-S
1.000,000
See text
($1,000)............................ c/Int. at Title Guar. & Tr. Co., N. Y .. Trustee.
1st & ref’ g mtge $12,500,0001 1906
5 g M-N
4,395.000 May 1 1936 Current
liabilities June 30 1910 ...........................
731,176 .................gold ($1,000, $500, $250, )Int. at Knickerbocker Tr.Co., N .Y ., trustee
Bonds.— $100,000 are reserved for extensions, &c. No sinking fund and
$100 and $50).............c&rj or Nat. Provincial Bk. of Eng.. London.
Mich Tract 1st m tge
...........1901
5 g J-J
700,000 June 1 1921 are not subiect to call.
EARNINGS.— For year ending March 31 1910, gross, $127,918; net,
$700,000 ($1,000) g old --C*l Interest at New York Trust Co.. Trustee.
Michigan Trac ext first mtgel 1903
5 g J-D
500,000 Dec. 1 1923 $61,919; Int. & taxes, $53,734: surplus, $8,185.
ROAD.— Operates 26.73 miles of track from Lak< wood, where connec
$500,000 ($1,000) gold- .cl Int. at Knickerbocker Tr. Co.. N. Y ., Trust.
Jackson & Battle Creek first) 1903 5 g J-J
1,200,000 Jan. 1 1923 tion Is made with the Jamestown St. Rv., to MayvlUe, there connecting
with the Pennsylvania RR., and to Westfield. N. Y..connecting there with
mortgage, $1,200,000 ($1,-/Interest at Citizens’ Savings & Trust Co.
000) g o ld __________ ___ c*J Cleve., Trustee, or First Nat. Bk., N. Y
the Lake Shore & Mich. So. and the N. Y. Chicago & St. Louis R y., and
Jackson Consol Trac 1st mtgel 1904
5 g M-N
790,000 May 11934 from Westfield to Barcelona-on-lalce Erie. Standard gauge; 80-lb. T rail.
OFFICERS.— Pres., A. N. Broadhead; V.-P., Wm. Broadhead; Treas.
$1,000,000 gold ($100, $500 /Interest at Guardian Trust Co., New York
S. B. Broadhead: Sec., W. R. Reynolds; Mgr., Geo. E. Maltby: Supt.
and $1,000)----------------- c * ) Trustee.
„ _
Austin A. Harvey.
B o n d s . — Of the $12,500,000 1st & ref. bonds, $3,190,000 are reserved
for prior liens now outstanding, $1,500,000 for construction or purchase
of additional lines $3,415,000 reserved for additions, betterments and
J E R S E Y C IT Y , N . J.
improvements. Are subject to call after May 1 1916 at 110. V. 82,
PUBLIC SERVICE CORPORATION.
d 1157
See also V. 87, p. 167, 285: V. 88, p. 1437. Bonds are listed In
See statement and maps under "Newark. N. J."
London
V. 90, p. 914. The Jackson Consol. Trac. Co. bonds are subject
to call on any Int. date at 105. They are guar., p. & 1., by Mich. Un. Rys
On the Michigan Traction Co. bonds a sinking fund of 5 % of gross earn
J O L IE T , I L L .
Ings commenced In 1903, to be used In buying bonds at not to exceed 110
CHICAGO JOLIET & ST. LOUIS B L E C T R IC fR Y.
„
otherwise to be Invested In other standard securities. V. 72, p. 391
Receivership of Controlled Road.—See Joliet & Southern Traction c o .
$117,000 of bonds now held In sinking fund.
.
.
The Jackson & Battle Creek bonds are subject to call In any amount below and V. 92. p. 394.
ORGANIZATION.— Incorp. In Illinois Dec. 1909. Controls and oper
after 10 years at 105 and Interest. V. 75, p. 1147.
ates Joliet & Sou. Tr. Co. and Bloomington Pontiac & Joliet El. Ry. stock
Dividends.— 6% Is being paid on pref. stock.
GUANO
G R A N D H A V E N ' ••
S T .J O H N S
Muir
GRAND
ow osso
: CORUNNA
W v
Grand ville
Saranac
I
i
P ort la in
Elm dale
Dutton
Zeeland
I S H '1 “ A W J A S S E E
Laingsbur^ g ^ H a i twellvillij
1)11
M ERLEBEACH
Caledi
/
Bancroft
B a tb X
‘^^C larksville
^Holland
-----
n m
Delta
*ake Odessa
Chandlers
'S h a lt sburg
P IS E LAKE
MI C HI GA N A G R I C U L T U R A L C O L L E G E
WAVERLY f a r k
Middleville1
^
r T T PARK
G rand'ted^e~
Suufield ^ u llik en
LAN SI N
^ V H a m ilton
Hilliard:
W ay land
,H O L T
W illiamston
Verm ontville
H owell
MASON
Monteith
Olivet
Otsego
Pullm an
TRUNK
Plain well \\V
^SO U TH
'Richland
Grand Jc.
&
Gobles
B angor o
GULL LA,KE
Alam o
Springpo
AiaSdSig?
Penfield
Chelsea
KALAMAZOO
MICHIGAN
JACKSON
G R A S S LAKE
MARQ.
H artford
[attawan
-^VAE DER{
COOKS LAKE
Concoi
H om er
“icksburg
Schoolcraft
'Athens
A ion C ity
M ic h ig a n U n ite d R a ilw a y s ,
J erom e
Company.
^ Jonesville
F airfax
Three R ivers-
'
Centervilh
WICH‘
Coldwateiy. lake.
Manchester
Interest. They are secured by pledge of $5,500,000 notes of
57,000,000. In Jan. 1010 was placing at par,with a stock bonus of 25/o In crued
Metropol. St. Ry., $1,000,000 notes of Kan. City Elec. Light Co. and $2,
Its stock, first mtge. bonds of the Joliet & Southern and Bloomington Pon 695,000
com. and $2,977,900 pref. stock of the Kan. City Ry. & Lt. Co., and
tiac & Joliet Electric (V. 90, p. 236). Guarantees bonds of Joliet & •uch securities
of subsidiary companies as are pledged under the Indenture
SmiJ-horn Anri TllnntnlnPton PontlftC & JollCt prlllCipfll And lntCFCSti
. I tf„ .. i K 1AAQ
f 1m 1 Hon rnf irnlrl linnHa Thfl HlTlFS >\ HOtCS
R OA D.— When completed system will aggregate 226 miles of main line,
and will extend from Chicago south to Bloom ngton, connecting there with
pref.
Illinois Traction System for St. Louis, with line from Aurora via Joliet to
f‘A ” notes are In treasury.
.
Metropolitan consol, mtge. for $8,500,000 fell due May 1 1910 but was
^ nF P T PF R S__Pres II, A. Fisher; V .-P., John M. Raymond; Sec., John extended
3 years to May 1 1913 and new bonds ollered In exchange for
K Newhall; Treas., L .’ d . Fisher; Gen. Mgr., F. E. Fisher. V. 90, p. 236; old bonds.for See
V. 90, p. 1045. Mtge. Is closed and limited to $7,500,000.
V . 92, p. 391.
Remaining bonds are reserved to retire Corrigan and Kansas City Cable
(11 Inliet & Southern Traction Co.
Issues described In table above. V. 90, p. 1044, 1363. Not subject to call.
R e c e i v e r s h i p . __On Feb. 4 1911 Judge Carnes in Kane County Court, on
The Kansas City Cable and Summit Street mtges. fell due April 1 1901, but
application of creditors, appointed H. A. Fisher (Pres, of co.) and Daniel were extended by endorsement for 10 years.
Pnf-prifi'n rpceivers. V. 92, p. 395.
The Kansas City Cable Ry. 5% bonds due In 1911 are guaranteed prln.
ORGANIZATION.— In January 1907 purchased ttie Joliet Plainfield & and int. by end by the Metropolitan St. Ry. The bonds of the K. C. &
Aurora HR., which It now operates.
Westport Ry. are guar. prln. and Int. by th>> Kansas City Ry. & Light Co.,
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity
and are subject to call on any Interest date at 105 and Int. on 90 day s notice
_______
Sl.500,000 ---------------Stock SI 500 000 (5100)__________
Kansas City Elevated Ry. 1st M. preference 6s are guaranteed, principal
1st mtge . 5 1.500,000, gold! 1907
5 g F-A
1,211,400
See text.
and Interest, by endorsement by the Metropolitan Street R y.: so are the
(S100 5500 and $1,000) .c* JInt. at Amcr. Tr. & Sav. Bk., Chic., Trustee
2d M general 4s. The guaranty on the latter was 3 % per annum until
Jol P & A R R 5400,000. gold! 1903
5 g F-A
397.000 Aug 1 1938 July 1895 and since then 4 %. For form of guaranty, see V. 73, p. 1160.
(SI 000)
-_-C*& r/lnt. at Amer. Tr. & Sav. Bk., Chic., Trustee.
Dividends.— First dividend, 1 X % on preferred stock, was paid on June
B O N D S__First mtge. bonds mature serially ending 1942. They are 1 1904 and 1
quarterly since then to and Including M O . 1 1911.
subject to call at 105 and lnt. on any Int. day after 1912. Guar. p. &si. by
REPORT.— For years ending May 31. Passengers carried for revenue
Chicago Joliet & St.Louis. $400,000 are reserved to retire the Joliet Plain In 1909-10, 111,171,548; transfers, 47,280,535. Report for 1909-10 In
field & Aurora R R . bonds. The latter are subject to call on any Int.date V. 91, p. 714, 790.
after 10 vears at 105 and Int.; a sink, fund of 2% of gross earns, began Aug. 1
1908.
1909.
1910.
1909, but at least $3,000 yearly 1909 to 1929- thereafter $4,000 yearly
$7,161,042 $6,627,977 $6,070,117
3.228,174
3,766,788
S3 000 have been retired.
4,153,250
EARNINGS.— For calendar year 1910, gross, 5171,853; net, $51,252.
R O A D __Operates 45 miles of track between Joliet and Aurora and Joliet
$3,007,792 $2,861,189 $2,841,943
105,680
1,218
17,399
and Chicago Heights and 2 miles of track in Joliet. Is constructing 5 miles Miscellaneous Income.
additional track In Joliet. It is proposed to extend road from Chicago
. $3,025,191 $2,862,407 $2,947,623
Heights to Hammond, 14 miles. Forms a connecting link between Chicago
23,918
& Joliet Elec, and Aurora Elgin & Chic. RR. Has Independent entrance Deduct: Accountants’ adjustments.
and terminal at Joliet, and with a sub-station of Its own Is getting Its power
. $3,025,191 $2,862,407 $2,923,705
from the Economy Co. Has a long-time contract for use of terminals at
2,070,577
. 2,157,962
2,105,780
Aurora. 60-lb. T rail, standard gauge.
OFFICERS.— Pres., H. A. Fisher; V .-P., John M. Raymond; Sec.,
$853,128
$756,627
$867,229
J. K. Newhall; Treas., L. D. Fisher.— V. 85, p. 722, 1005; V. 92, p. 395.
470,353
470,375
.
470,375
Dlvs. on pref. stock (5 % )------(2)
Bloomington Pontiac & Joliet Electric Ry.—A trolley road.
ORGANIZATION.— Incorporated In 1903. Private right of way except
$382,775
$286,252
$396,854
B
alance___________________
n cities, where franchises run 50 years.
Comprises 130.4 miles of road and 249.7 miles of track. Light
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity. ingROAD.—
(May 31 1910) equivalent to 854,296 16-candle-powcr incandescent
stock. $2,500,000 ($100).......................................
$300,000 ...................
lamps.
_
5g MS
480.000 Sept 1 1935
1st mortgage, $2,500,000,1 1905
Pres., John M. Egan; V.-P., Frank Ilagerman; Treas.,
g ($100, $o00 and $1,000). JInt. at Amer. Tr. & Sav. Bk., Chic., Trustee. W.OFFICERS.—
fi.
Kirkpatrick;
See.
and
Asst.
Treas.,
J.
A.
Harder;
Aud.,
C.
F.
Cole.—
BONDS.— Subject to call at 105 and Int. on any Int. date. No sink, fund V. 86, p. 185, 1529, 1589; V. 87, p. 37, 810, 1605: V. 89, p. 1347; 1597, 1668;
Guar. p. & 1. by Chicago Joliet & St. Louis Electric Ry. V. 90, p. 235.
ROAD.— Has under construction a line to connect the points named In V. 90, p. 1044, 1363; V. 91, p. 589, 714, 790, 871, 1629; V. 92, p. 395.
the title, of which 20 miles, between Pontiac and Dwight. Is In operation
KANSAS CITY-W ESTERN R A IL W A Y .— A trolley road.
10 more miles from Pontiac to Chenoa Is about 45% completed
Formerly the Kansas City-Leavenworth Railroad and name changed to
OFFICERS.— Pres., H. A. Fisher; V.-P., D. S. Meyers: Treas., L. D
Kansas City-Western Ry. Has iong-tlme franchises In territory served.
Fisher; Sec., John K. Newhall; Gen. Mgr., F. E, Fisher.— V. 85, p. 1004.
V o t i n g T r u s t . — Stock Is In a voting trust, trustees being Charles L. Pack,
V. 90, p. 235.
Walton H. Holmes and Harvey E. Fisk.
FI OCR AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock. $2,000,000 ($100)..................
.......
. . $2,000,000 ................
K A N S A S C IT Y , M O.
1st ref mtge $5,000,000 gold) 1905
5 g M-S
1,650,000 Sept 1 1925
KANSAS CITY RAILWAY & LIGHT CO.— (See Map on page 61.)
(coup, 81,000; r, $1,000,)Interest at Standard Trust Co., New York
$5,000, $10,000) .............. I trustee.
ORGANIZATION.— Incorporated In 1003 In New Jersey and has an
Stock and Bonds.— $1,400,000 of bonds were Issued to refund alike amount
qulred the entire outstanding capital stock of the MetropoUtan Street Rail
of bonds outstanding of old company, all but $42,000 of which have been
way of Kansas City and the Kansas City Electric Light Co. (Plan In V
76. p. 1143.) Through Metropolitan Street Railway stock, the Kansas City retired, $100,000 for general corporate purposes and $150,000 for Improve
Railway & Light Co. acquired the stock of the Central Electric Railway ments: remaining $3,350,000 to be Issued for acquisitions, extensions and
Co. and practically all of the stock of the Kansas City Elevated Railway Improvements under customary restrictions. Entire outstanding Issue Is
Co., and, through the stock of the Kansas City Electric Light C o I t , ac red. on any lnt. date at 105 and Int. V. 89, p. 1483.
REPORT.— For year ending .Tune 30 1910: Gross, $362,495; net (after
quired the stock of the Edison Electric Light & Power Co. (of Kansas
City), the Consolidated Electric Light & Power Co. the Standard Electric taxes), $130,426, fixed charges, $82,500; surplus, $47,926. In 1909, gross,
Light Co. and the Kansas City Electrical Wire Subway Company except, $349,355; net (after taxes), $129,686; fixed charges, $82,441; sur., $47,245.
ROAD.— Owns and operates 43.53 miles of road, of which about 18 miles
of course. In each instance the qualification shares held
directors
Controls all the street railway, electric-lighting and power business In cities are within the city of Leavenworth and 25 M miles between Ft. Leavenworth
and Kansas City, Kan. Enters Kansas City, Mo., over tracks of the Kansas
of Kansas City, Mo., and Kansas City, Kan.
_
.
.
City Viaduct & Terminal Ry., which owns and operates a steel and con
Owns entire stock of the Kansas City & Westport Belt Ry.
rna.fl Ainre converted to electricity), which on June 16 1906 absorbed tne crete viaduct connecting Kansas City, Kan., with Kansas City, Mo. Has
Interiirhan Smith Skle Rv both having perpetual charters and being or- second entrance Into Kansas City over tracks of the Metropolitan Strei t Ry.
OFFICERS.—C. F. Holmes, Pres.; C. F. Hutchings, V. P. and Gen. At
S e iz e d underthe General Rabroad Law of Missouri; aiso acquired capital
S?ockof U
t h f Kansas Clty Heatlng Co having a franchise which expires In torney S. D. Hutchings, Sec. and Treas.; J W Richardson, Gen. Supt.:
W. M. Bonar, Aud. General office, Leavenworth, Kan.— V. 89, p. 1483;
1935. This last distributes steam In the business centre of the city.
Street Railway Franchises.— The franchises of the railway lines In Kansas V. 90, p. 110, 368.
City Mo In which city the greater part of system Is located, were revised
and confirmed In Julv 1902 and franchises granted for extensions and valu
MISSOURI & KANSAS INTERURBAN R Y — Known as “ Strang Line.”
able trackage rights In newly populated portions of the shopping and
ORGANIZATION.— Incorporated in Kansas under Gen. R R . law. In
delivery districts, all of which franchises are operative to the uniform date 1909 receiver appointed the previous year was discharged, and old company
of June 1 1925. The railway franchises In Kansas City, Kan., In Dec. 1902 resumed control. V. 86, p. 1467: V. 89, p. 1281. Motive power changed
were renewed, and authority was given to build extensions, all for the from Strang gasoline cars to electricity In 1908. V. 87, p. 614. Has private
maximum period for which the city had power to grant the same, namely right of way about 80 feet wide from Kansas City to Olathe.
to Dec 19 1922. By the terms of the franchises the rate of fare Is definitely
STOCK AN D BONDS.—
Date.
Interest. Outstanding. Maturity.
fixed at 5 cents, transfer privileges are provided, and the taxes practically Stock, $ t,000 000 ($100) — ..................................$1,000,000
...
...
limited to 8% of the annual gross receipts.
1st mortgage $600,000 gold) 1906 5 g J-.l
600,000 .Tan 11956
Electric Light Franchise.— The franchise of the Kansas City Electric Light
($i 000)
_____c/FIdelity Trust Co., Kansas City, trustee.
ROAD.— Operates 20 miles of road, from Kansas City through Overland
Co. Is perpetual.
. , ,,
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity. Park, Mllburn Place and Lenexa to Olathe. Enters Kansas City over tracks
Common, $12,500,000 .......................................... $9,543,080
................... of the Metropolitan Street Ry. 70-lb. rails. Has 14 cars, including passen
Pref., 5% n. C., $1 2,50 0,00 0.----5 Q-M . 9,407,500 M ch.’ l l l K %
ger and freight.
. _
. _ „
, „
1st lien refund. M.. $20,000,-1 1903 5 g M-N15 10,220.000 May 15, 1913
OFFICERS.— Pres., W. B. Strang; V .-P., A. F. Hunt Jr.; See. & Treas.
000 gold____________ c ’ &riNew York Trust Co., N. Y ., and Henry C. Wm. Llttler: Gen. Mgr., Thus. Riley. General offices, Overland Park.—
1 Fowler, Trus. Int. at Co.’s agency N. Y. V. 87, p. 614; V. 89, p. 1281.__________________
J or Kansas City.
Notes, $5,500,000 ($1,000) . . 1907
6 M-S
5,500,000
Sept 1 1912
KENNETT, PA.
Underlying Liens.
W ESTC H ESTE R KENNETT & W ILM INGTON ELECTRIC R Y .
Corrigan Con. St. Ry. lstl
1886 5 g J-J
256,000
July 1 1916
Default.— Default having occurred Dec. 1 1910 on 1st mtge. bonds, two
M. ($1,000) g., red. at llOJInt. at Central Trust Co., N. Y. Trustee.
committees have been formed, one by Geo. B. Atlce & Co.,calling for de
K. C. Cable 1st M., ext. In) 1887 5 g A-O
1,050,000
Apr. 1 1911 posits with Girard Trust Co., Phila. (V. 01, p. 1575), and the other organ
gold, 1897, guar p. & l.,)In t. is payable In N. Y. by Blair & Co. and ized by the management of the company, calling for deposits with Integrity
ext. In 1901; red. at 102KJln Boston by New Eng. Tr. Co., Trustee. Title, Ins., Tr. & Safe Dcp. Co., Phila. See plan of latter committee In
Summit Street M „ old 6sl 1887
5 A-O
300,000
Apr. 11911 V. 91, p. 1631. On Dec. 17 1910 the Atlce committee stated that sufficient
ext. In 1897 and again In) Redeemable at 1 0 2 at any time.
bonds had been deposited with them to permit foreclosure.
ORGANIZATION.— Incorporated In Pennsylvania on May 24 1905,
Metropolitan St. Ry. con.l
1895 5 g M-N 5,894 000
May 1 1913 and Is a reorganization of a company of the same name sold under foreclosure
mortgage
$8,500,000,)fnt. at Old Colony Trust. Trustee. Boston. In April 1905. On Feb. 26 1908 absorbed the formerly controlled Oxford
gold ($1,000)............._c*&rj Interest also payable In New York.
West Grove & Avondale St. Ry., which Is building the extension from
Cent. Elec. Ry. 1st m ort.,f
1899 5 g M-N 2.000,000
May11913
Avondale to Oxford. See V. 86, n. 670.
$2,500,000 ($1,000) gold,{ Interest at Trust Co. of Am., N. Y ., Trustee
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity
g u a r __________________c* I Bonds may be called at 105 on any Interest Common $925,000 . ..............................................
$525,000 ...................
Ulay on 30 days’ notice.
__
($75,000) 6% non-cum ...................................
75,000 ...................
f 1901
5 g J-J
250.000
July 1 1911 Pref
1st mtge $1,000,000 gold) 1905
5s J D
420.000 June 1 1935
East Side Elec. Ry. 1st M.,l Int. at Trust Co. of Am. N. Y ., Trustee.
($500 and $1,000).............cj lnt. at Intcg. T. I.T r. & S. D.Co., Phila.,Tr
$250,000gold ($1,0001.|Wm. Huttlg of Kansas City Is also 1 rustec.
EARNINGS.— For year ending Dec. 31 1910, gross, $62,034; net, after
not guar_______________o ') No s. f., but may be called at par at any taxes, $18,179. In 1909, gross, $56,816; net, after taxes, $16,316.
l Interest date.
ROAD.— About 20 miles of track between West Grove, Avondale. Kennett Square and Wilmington, connecting at Kcnnett for West Chester.
Controlled Companies.
The extension from Avondale to Oxford, 12 miles, has been completed a
Kansas City Elevated Ry.
far as West Grove, and Is In operation to that point. Gauge, 5 ft. 2 M In.
1st M. pref. ($600,000)
, , ,
and 70-lb. T and girder rail.
g. ($1,000) guar. p. & !., c* 1892
6 g J-J
$600 000 July 1 1922 60OFFICERS.—
Pres., Geo. Kessler. Phila.; V .-P ., Clarence L. Harper.
2d M. gen’l ($2 000,000)1 1892
4 g J-J
2 .000.000 July 1 1922
Phila.; Sec. and Treas., Philip E. Guckes. Phila.: Sunt.. H Baluss. Kcnnett
g. ($1 000) guar. p. & l.c*jInterest at Manhattan Trust Co., N. Y
Square, Pa.— V. 80, p. 1060, 1176, 1730; V. 86, p. 670; V. 91, p. 1575,1631,
Kan. C .’ & Westp. 1st M.,1
•
T
_________ _
$500,000,gold,
guar.) 1906
5 g J-J
500,000 July 1 1926 1712.
($1,000)_________________ JInterest at N. Y. Trust Co., N. Y ., Trustee.
K
EN O SH A, W IS .
Bonds.— Of the new $20,000,000 mortgage of the Kansas City Ry. & Light
KENOSHA ELECTRIC R Y .— A trolley road.
Co $9 780,000 are reserved for underlying liens. These bonds are both
In
Jan.
1909
the
Investment
Registry Co. of London, Eng., took over the
couiion and registered, the coupon bonds being In denomination of $1,000
andPtho registered bonds In denominations of $1,000, $10,000 and $50 000. management, having purchased control from A. C. Frost. V. 88, p. 101.
ORGANIZATION.— Franchise Is for fifty years from June 2 1902.
The new bonds are redeemable at 105 and Int. on any Int. date. I he Metro
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity.
politan St. R y., the Kan. City Elec. Lt. Co. and the Cent. Elec. Ry. In May
$500,000
. .......
1803 made mtge. notes aggregating $10,500,000, which are deposited as Stock $1,000,000 ($100)............................................
5 g A-O
500,000 April 1 1927
collateral under the new Kansas City Ry & Light Co. mortgage; the share First mortgage $1,000,0001 1907
($1,000) gold____________ (Western Trust & Savings Bank and Wllcapital acquired of the Kansas City Elec. Light Co and the Metropolitan
lloughby G. Walling, Chicago, trustees.
Street R y. has also been so deposited.
ROAD.— Operates 7.4 miles of track In Kenosha and to North and South
Notes of 1907 consist of $4,125,000 series "A ” and $1,375,000 series ” B.”
They are redeemable on 3 weeks’ notice on any lnt. date at 100 and ac Kenosha.— V. 81. p. 1402; V. 84, p. 1052.
NORTH
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.
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K E O K U K , IA .
KEOKUK ELECTRIC RY. & POWER CO — A trolley road.
O R G A N IZ A T IO N __IncorDorated In 1900 as a consolidation of the street
railway and electrlc-llght Interests In Keokuk. Also operates electrlc-llght
and power plants. In May 1906 arc-lighting contract was extended o years.
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity.
Stock $400,000 ( $ 1 0 0 ) --- --- - - - - ’ pi Vann
1st mortgage. $2*0.000($600) ^
C(fnf / ^ u s t Co. o fllL ? C h lc.^ S stee!
Bonds.— O t the"first" mortgage. $125,000 are due July 1 1925. the re
maining $125 000 mature In annual Installments, varying fiom $5,000 to
^ 000 yearly on July 1. from 1907 to 1924 Inclusive. $38,500 had ma
tu redu p to^ Feb. 1911. Are red. at option of company at 105 and lnt.
Se«O A D — owns and operates « miles of track and has contract with city
for supplying 186 arc street lights at $60 per light per annum for 5 years from
M mM?Ic e R S.— Pres, and Man., A. D. Ayres; Sec. and Treas., A. D.
Lundy.— V. 71, p. 182; V. 83, p. 687.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $500,000($50).................................................
$500 000 ...................
First mortgage $750,000 gold/ 1904
5 g J-J
27,500
1934
($1,000)............................ c jln t. at Union Trust Co., Pittsburgh, Trustee
5 M-S
227,000
Mch 1 1940
New 1st mtge. $350,000 gold] 1910
($1,000) sinking fu n d --.c * / Union Trust Co., Pittsburgh, trustee.
Loans payable Dec. 31 1 9 0 9 - . ___
_________
2 )0,000 __________
Bonds.— $27,500 bonds of 1904 are reserved to retire a like amountof bonds
of the Klttannlng & Ford City. Subject to cad after 5 years at 105. Of
the new 1st mtge. of 1910, $28,000 are reserved to retire $27,500 prior
bonds and $95,000 for extensions and Improvements. Redeemable all or
any part after March 1 1915 at 105 and lnt. Sinking fund 10% of gross
earnings, half for payment of bonds and half for extensions and betterments
or payments of bonds. V. 91, p. 94.
EARNINGS.— For fiscal year ending June 30 1909, gross, $70,451; net,
$31,759.
ROAD.— Operates 12 miles of track between Klttannlng and Ford City.
Standard gauge, 70-lb. rails. An extension of 3 miles to Mosgrovo Is
under construction, 1 H miles of which Is completed.
OFFICERS.— Pres, and Mgr., F. A. Moesta, Klttannlng; Sec. and Treas.,
Jas. McCullough Jr., Klttannlng.— V. 91, p. 94.
K E W A N E E , IL L .
GALESBURG & KEWANEE ELECTRIC RY.
ORGANIZATION.— Incorporated May 1902. Is a reorganization of
the Galesburg & Oneida Elec. R y. Co.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
...............
Common. $200,000 ($ 1 0 0 ).......................................
$200,000
Pref.. $400,000 ($100) 6% cum .............................
110,800
..............
First mtge, $400,000, ($500 &] 1900 5 g J.-J
400,000 July 2 1926
$1,000)-g ____________ c&r/ lnt. at Amer. Tr.& Sav Bk., Chlo., trustee.
Bonds.— Are redeemable on any Interest day until July 2 1911 at 105 and
lnt.: thereafter at par and Interest. No sinking fund.
EARNINGS.— For 12 mos. ending June 30 1909, gross, $66,221; net,
$26,735: Interest, taxes and mlsc., $24,025; surplus, $2,710.
ROAD.— Has city line In Kewanee & Wethersfield, and Interurban
between Kewanee and Galva. Total track operated 14 miles. 70-80-lb
T and girder rails. Gauge 4 ft. 8 H In.
OFFICERS.— Pres., W . II. Lyman; V .-P ., H. W . Crane; Seo. & Treas.,
F. M. Lay; Gen. Mgr., R. H. Hayward.
K N O X V IL L E , T E N N .
KNOXVILLE RAILW AY & LIGHT CO.
Controlled by American Cities Ry. & Light Co., which owns ad the com
mon stock and nearly ad of the preferred.
ORGANIZATION.— Incorporated In Tennessee on Aug. 5 1905 as a con
solidation of the Knoxville Traction Co. and the Knoxville Electric Light &
Power Co. Does all the street railway and all municipal and commercial
electric-lighting and power business In Knoxville. Also controls the
Knoxville Park Association, owning two amusement parks. Franchises
arc perpetual, except as to 1 % miles of street railway, which latter run until
Nov. 28 1946. Isidore Newman & Son of New Orleans are fiscal agents.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common $1,500,0U0 ($100)................................... $1,491,900 In 1910, 8%
Pref 6% cum $500,000 ($ 1 0 0 ) .-----Q-M
500,000 D e c ’ lO .lH
Consolidated mtge $3,000,000/ 1905
5 gM-S
1,932,000 Sept. 1 194a
gold ($1,000)__________ c*] Iut.atStandardTrustCo., NewYork Trustee.
5 g A-O
824,000 April 1 1938
Knoxville Trac 1st M $850, / 1898
000 g tax frc«($l ,000)c*__ ]In t. at Baltimore Tr. & Gu. Co. Balt., Trus.
K E Y P O R T , N . J.
Stock and Bonds.— Of the $3,000,000 consols, $824,000 are reserved to
JERSEY CENTRAL TRACT ION CO.—Trolley.
retire Knoxville Trac. Co. bonds. Bonds are redeemable at 107 M and lnt.
ORGANIZATION.— This was formerly known as the Keyport & Mata- on 60 days’ notice. Sinking fund annually of H of 1% of ad bonds out
wan Street R R ., a horse line, but has been operated as an electric railway standing (Including Knoxville Trac. bonds' began Sept. 1 1910, and after 5
since July 1901, and name changed as above on Oct. 4 1901. Company owns yeats Is Increased to 1% annually. The Knoxville Trac. Co. 1st mtge. bonds
franchises for the carrying of freight and transports brick, gravel, &o., tor are not subject to cad. $26,000 have been canceled. Pref. stock Is red.at 110.
local Industries.
D iv i d e n d s . — 6% per annum Is paid on pref. stock since Issuance.
First
Company also owns 462 of the 500 shares of stock and all of the bonds of dividend on common— 2% —June 29 1907, 1% was paid Sept. 1907, and
the Middlesex & Monmouth Electric Light, Heat & Power Co., which fur 1% Dec. 1907. In 1908, 4% . In 1909, 7% . In 1910, 8% .
nishes light to Keyport, Matawan and South Amboy
REPORT.— For calendar years:
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity.
Surplus.
Year—
Gross. Net alter Taxes. Interest.
Stock $1,500,000......................................................... $1,500 000
- - - - - - - - 1910...........- ........... .......... $716,110
$224,683
$140,371
$365,054
1st mortgage $750,000 goldl 1901
6 g M-N
750,000 Nov 1 1931 1909........................
164,448
302,486
138,038
($500 and $1,000) _____._/Interest at Colonial Trust Co., Phlla., trustee.
141,535
1908.........- ..............
279,487
137,952
Qen. &ref. mtge. $1,500,0001 1904
5 g J -D
750,000 Dec 1 1954 1907.........................
153,314
282,323
129,010
gold ($1 000)
- - --C *JInt. at Fidelity Trust Co., Newark, trustee.
ROAD.— Owns 41 miles of track, Including 9 miles of double traok. 70-lb
Bonds.— Of the $1,500,000 new bonds, $750,000 are reserved to retire
the first 5s. The new bonds are redeemable at 105 and lnt. Dec. 1 1914 and over T and girder rad. Has 66 open cars. 44 closed and semi-con
or any Interest period thereafter. Of the $750,000 1st mtge. bonds, $445,500 vertible cars and 16 freight and service cars; total, 126. Owns one park
and leases another.
were held In Fel). 1911 ready for exchange Into gen. mtge. bonds.
OFFICERS.— Pres., C. H. Harvey; V .-P ., W . S. Shields; V .-P., Geo. H.
REPO RT.— For calendar year 1910 (incl. Mid. & Mon. Elec. Light,
est., $215,000. In 1909, gross, $180,424; net, $83,278. In 1908, gross Davis; Sec. and Treas., Leon Fender; Aud. J. E. Tappan.— V. 83, p. 38;
V. 85, p. 345, 405. 793; V. 88, p. 1620.
$154,080; net, $59,511.
_
_
„
ROAD.— Owns and operates 36 miles of road from South Amboy, Keyport and Bedford to Red Bank: Bedford through Atlantic Highlands to
Highland Beach; Freneau through Matawan to Keyport, N. J .1 also operates
K O K O M O , IN D .
5H miles additional under contract. Standard gauge 60-lb. I and 70-lb.
KOKOMO MARION & WESTERN TRACTION CO.— A trolley road.
girder rails. Nearly ad over private right of way. 32 passenger cars, 2 elec
ORGANIZATION.— Incorporated In Indiana In Feb. 1903 under general
tric locomotives, 27 freight cars and 3 other cars. An extension from soutn railroad laws as successor to the Kokomo Converse & Marlon Traction Co.
Amboy through Meohanicsville and over the Raritan River bridge to Perth In April 1903 acquired by purchase the entire capital stock of the Kokomo
Amboy was completed In 1910.
,
,
„„„
Railway <Js Light Co., which was merged in Jan. 1906
Owns lighting plant
OFFICERS.— Pres., Jas. H. Morris, Morris Bldg., Phlla Sec. and Treas In
Kokomo: also private right ot way. Franchises run 50 years
J. B. Livingston, Keyport, N. J.; Asst. Sec. and Treas., W. U. Moyer, Mor
STOCK
AND
BONDS—
Date.
Interest.
Outstanding
Maturity.
ris Bldg., Phlla.— V. 76, p. 1300; V. 92, p. 461.
Common, $1,000,000 ($100).............
F-A
$1 .OOO.OOOFeb.l5’ 11.1 ^
Preferred, 6”;, $100,000 ($ 1 0 0 )___
6 VO
100,000
Seo text
K EY W EST, FLA.
First mortgage $1 000,000/ 1003
5 g J-J
750,000 July 11933
gold ($500 & $1 000) c&r. _] Interest at Security Trust Co , Ind., Trustee.
KEY WEST ELECTRIC CO.— A trolley road.
5 g J-J
250,000 Jan. 1 1933
ORGANIZATION.— Incorporated In New Jersey In 1898 and does entire Kokomo Ry & Light 1st mtge/ 1903
$350,000 gold ($ 1,000) c&r]Int. at Security Trust Co , Ind., Trustee.
electrlc-ltght and power business In addition to entire St^®ey ranTh^esU^ p !re
Bonds.—
$250,000
are
reserved
to
retire
a
like
amount
of bonds of the
of the cl t v also owns franchises for manufacture of gas. I ranenises xpire
1997
In June 1904 acquired the Key West Electric Light & I otver Co. Kokomo Railway & Light Co ; the remaining $100,000 under tills latter
V. 78, p. 2334. In June 1906 was acquired by Stone & Webster of Boston mtge. has been canceled. Bonds are subject to call at 105 and lnt. See
V. 76, p. 1143; V. 77, p. 451. The Kokomo Ry. & Light bonds can bo
and rc-capltallzed as below. V. 82, p. 1496.
at 105 and are guar., prln. & lnt., by Kokomo Marlon & West.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity. called
D i v i d e n d s . — On pref. stock, 6% per annum Is being paid.
On common
Common $500,000 ($100).............- ..........................
3500.000 ................... first dlv.— 1% — paid Aug. 10 1909. In 1910, 3% . In 1911, Feb., 1 H % .
REPORT.— For calendar year 1910: Total gross (Incl. both Railway &
void
1Interest at State Street Tr. Co. Boston, Tr. Lighting), $261,485; net, $148,100; lnt., taxes. &c., $60,810; dlvs. (3%
Bonds' — Arc' sub j .'to cad as a whole or In part for s. f. at 105 and lnt. at com., 6% pref.), $36,000; deprcc’ n, $20,253; surplus, $31,037.
ROAD.— Operates 36 H miles of track In Kokomo and from Kokomo to
anv time Sink, fund of 1% of bonds out began Dec. 1 1907, If earned; on
Marlon. Is connecting link between the Northern Traction Co. and the
Dec 1 1912 becomes obligatory. Preferred stock, Is redeemable at par.
ROAD.— Operates 5.1 miles of track; 60-lb. steel rails; 10 cars. Gauge Union Traction Co. of Indiana. Standard gauge. 70-lb. T rail. 10 cars.
On Dec. 31 1910 had 2,090 light and power consumers.
OFFICERS.— Pres., Geo. J. Marott; V.-P., L. J. Kirkpatrick; Sec.,
^ ^OFFICERS— Pres., George J. Baldwin, Savannah; 1st V.-P., Charles
Treas.
and Gen. Mgr.. T. C. McReynolds; Asst. Gen. Mgr., P. II. Palmer;
F Wallace- 2d V .-P.. Harry II. Hunt; Sec., Alvah K. Todd; Treas.,
Henry B. Sawyer; M&., S. B. Tuell, Key West, Fla.; Gen. Mgrs„ Stone & Aud., C. C. Trees; Supt., H. P. Martzolf.— V. 83, p. 1098.
Webster, 147 Milk Street, Boston.— V. 82, p. 1496.
8&‘ 2S X 8 IO?i!&585I
s'iF-A" J S ,» Aii;ras*
K IN G S T O N , N . Y ,
KINGSTON CONSOLIDATED RR.
,
Change in Control.— In 1909 control passed Into hands of Fred. T. Ley
& Co. of Springfield. Mass., general contractors, and others. V. 88, p. 1437.
ORGANIZATION.— This Is a consolidation on Dec. 11 1901 of the Kings
ton City R R . and the Colonial City Traction.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common, $200,000 ($100).........................................
*200.000
Preferred, 4% cum $ 2 0 0 ,0 0 0 ..------------ 200 000 Jan ’ 11,4%
First consolidated mortgage/ 1901
5 g J-J
532,000 Oct. 9 1951
$700,000 ($1,000) gold--c*\lnt. at Manhattan Trust Co., N. Y .. Trustee.
Second mortgage, $250,000/ 1909
5 J-J
none Jan 1 1939
($1,000)...............................]In t. at Manhattan Tr. Co.. N. Y ., trustee.
Kingston City RR.—
„
... .
„
Consol $150,000 ($1,000) not/ 1893
5 M-S
150,000 Mch. 1 1923
subject to cad before m at'y]Int. at Fanners' Loan & Trust Co.. N. Y.
_____
5
quar.
6,000
On
demand.
Bond and mortgage_________
Bonds.— $156,000 of the $700,000 consolidated mortgage Is reserved to re
tire the Kingston City R R . underlying liens; $12,000 have been canceled.
Dividends.—4% has been paid yearly on preferred stock since consoli
dation up to 1908, when 2% was paid Aug. 1. None to Jan. 1 1911, when
4% was paid.
ROAD.— Embraces 8 miles of track. Rads, 70, 80 and 90-lb. 40 cars,
5 snow-plows.
L A C O N IA , N . H .
LACONIA STREET RAILW AY.
,
. .
. ,
, ,
in Nov. 1906 control changed hands, and the new Interests also acquired
control of the Laconia Electric Lighting Co.
ORGANIZATION.— Formerly the Laconia & Lakcport Street R y., but
name changed to above In 1894
STOCK, &c.—
Date.
Interest. Outstanding. Maturity.
Common, $100,000 (par $ 5 0 ) ------------------$100,000 ------- -------Preferred, 6 % cum., $40,000-- .................... ..........
40 000 ------------ First mtge, $91,000 ($1 000).J 1899
5 M-N
90,000 May 1 1919
l Interest at American Trust Co. Boston.
Second mortgage, $40,000/ 1904
5 M-N
40,000 May 1 1919
($1,000).............................. /Interest at People’s National Bank, Laconia.
Dividends.— In 1893-94, paid 5% ; In 1894-95, paid 4% ; none since.
ROAD.— Owns 9 miles of track. Standard gauge.
EARNINGS.— For years ending June 30:
1910.
1909. I
1910.
1909.
G r o s s ...................... $34,293 $32,206|lnt. and taxes..........$10,640 $7,397
N e t - ........................ 9.503 11,7731Baf. for year......... def.1,137 sur4,376
OFFICERS.— Pres., H. L. Pierce, Leominster, Mass.; Sec., Geo. P.
Munsey; Treas. & Gen. Mgr., Wm. H. Tylee. Office, Boston, Mass.
LA
CROSSE, W IS .
LA CROSSE CITY RAILW AY.
ORGANIZATION.— Chartered Nov. 17 1885. Franchise runs till 1938.
In 1909 Wisconsin R R . Commission sanctioned the lssuo of $50,000 addi
tional bonds.
STOCK AND BONDS—
Date.
Interest. Outstanding, last Div-.&c
Stock, $500,000 (par $100).............. See below. $500.000f.p. In ’07,7
First mortgage. $175,000 gold/ 1893
6 g J-J
136,000 Jan. 11918
($1 00 0)...............................I Subject to call Jan. 1 1903.
K IT T A N N IN G , P A .
Bonds _____________________ _____
_________
50,000
---------------KITTANNING & LEECHBURG RAILWAYS CO.— A trolley road.
lnt. on 1st mtge. at Northern Trust Co., Chicago, 111., Trustee.
Dividends.— For 1892, 7 %; 1893, none; 1894.7% ; 1898,7% ; 1899 7%
ORGANIZATION.— Incorporated In Pennsylvania on May 26 1904 and
Is a consolidation of the Klttannlng & Leechburg R y., the Kittanning & 1900,5% ; 1901,6% ; 1902,7% ; 1903,7% ; 1904,7 % 1905 8% 1906
Ford City Street Ry. the West Klttannlng Street Ry. and the Klttannlng 8% : 1907, 7 H % .
EARNINGS.— For cal. year 1909, 5118,932. In 1908, gross $130 t /
6 Mosgrove Street Ry. Street railway ranchises had. In 1910, from 86 to
ROAD.— Owns 14.746 miles In city of Lacrosse.
_
92 years to run; electric llght/ranchfses, unlimited. Also owns and controls
OFFICERS.— Pres., B. E. Edwards Sec., W . W Soha Treas R
the stock of the Kl ttanning Electric Light Co., which owns the Manor, Light,
Whelpley; Supt., Geo. H. Shaw.— V 84, p. 1182
Heat & Power Co and the Ford City Power Co.
REPORT.— For year ending June 30 1910, gross, $153,507; net, $68,497;
Interest, taxes, &o., $42,614; surplus, $25,883.
_ „
_
OFFICERS.— Pres., Fred T. Ley, Springfield, Mass.: V .-P ., Henry C.
Page, Worcester, Mass.; Sec., Aug. J. Phillips, Kingston; Treas., Abm. Hasbrouck. New York; Supt., G. B. te Bow, Kingston.— V. 73, p. 1160; V. 89,
_______
p. 225, 529; V. 90, p. 303._______
(f) Lancaster & Eastern Ry.
ORGANIZATION.— Operates 17 miles of track from Lancaster to Chris
tiana. Capital, $430,000. Was leased on June 1 1906 to Conestoga Trac
tion Co. at 6 % on stock.
(g) Lancaster & Quarryville Street Ry.
ORGANIZATION.— Consists of 8.75 miles of track. Is leased to Cones
toga Traction at rental of 6% on Its $225,000 stock.
to), Elizabethtown & Florin Street Ry.
ORGANIZATION.— Consists of 7 miles of track. Oct. 1 1908 was leased
to Conestoga Traction at rental of 6% on $220,000 stock.
(1) Christiana & Coatesville St. Ry.
ORGANIZATION.— Organized In Pennsylvania March 15 1909. Is a
reorganization of the Phlla. Coatesvllle & Lane. St. Ry. $400,000 ($50)
stock, $3o0,000 outstanding; no bonds. Is leased to Conestoga Traction
Co. at a rental of 6% on capital. Consists of 11.1 miles between Christiana
and Coatesville.
^ o Mi
*.e£,
rsburg & Manheim Ry.
■ ORGANIZATION.— Incorporated Nov. 5 1900. On May 1 1902 was
K 'r
Conestoga Trac. Co. for 999 years at an annual rental of 6% on
$175,000 stock. Operates 8 miles of track.
MCia/AC'P r)w IoWTSt> Lampeter & Strasburg Rv.
, ORGANIZATION.— Incorporated Nov. 15 1900. On June 1 1902 was
leased to Conestoga Trac. Co. for 999 years at a rental of 6% on $225,000
stock. Operates 11 H miles of track.
LANCASTER, PA.
(2) United Gas & Electric Co.
SUSQUEHANNA RAILW AY, LIGHT & POWER CO.— Incorporated In
Connecticut Feb. 27 1907 to own, control and operate electric railway and
ORGANIZATION-— Incorporated In New Jersey. All the common
gas properties. V. 84, p. 271,392. Has acquired all the common stock of the stock has been acquired by the Susquehanna Ry. Lt. & Pow. Co. Owns and
United Gas & Electric Co. Owns entire com. stock of Lancaster County controls the following gas and electric properties
Ry. & Light Co. V. 84, p. 693. In Jan. 1909 purchased the property and Altoona (Pa.) Gas Co.
Leavenworth (Kan.) Lt. Ht. & P. Co.
franchises of Phlla. Coatesvllle & Lancaster St. Ry. and reorganized It as CIt. Gas & Fuel Co., Terre Haute, Ind. Lockport (N. Y.) Lt. Ht. & Pow. Co.
the Christiana & Coatesvllle St. Ry. V. 87, p. 1534; V. 88, p. 158. On Colo. Spgs. (Col) Lt. Ht. & Pow. Co. Richmond (Ind.) Lt. Ht. & Pow. Co.
July 1 1910 acquired control of the Wilkes-Barre Co. V. 90, p. 1103. In Elmira (N. Y.) Water Lt. & R R .
Union Gas & Electric Co., Bloom
ington, 111.
Aug. 1910 acquired control of the Colo. Springs Light, Heat & Power Co. Hartford (Conn.) City Gas Lt. Co.
STOCK AND BONDS.
Date.
V. 91, p. 465.
Interest. Outstanding. Maturity.
Stock, common, $2,500,000__ _____
STOCK—
Date.
Interest. Outstanding.
Last Dlv
.............
$2,500,000 __________
Stock, preferred, $ 1 ,5 0 0 ,0 0 0 ..____
Stock, com, $10,000,000 ($ 100)____
_______ $4,134 500
-------------- 1.172,100 ......... ..........
Stock, pref 5% cum to 7%,\
1st mtge.,
$3,000,000 ($5001, 1902
...............................
5 g J-J
1,912.500
1922
and $1,000) gold________ c/In t. at New York Trust Co., trustee.
$10,000,000 ($100)
. / -----5 M-S
4,292,200 Mch.1’ 11.24* %
Stock.—After o% has been paid on the common, the preferred will share
OFFICERS.— Pres., George Bullock; V .-P., Richard S. Storrs; Sec.
equally with the common In non-cumulatlve dividends up to 7 %, all other and Treas., Henry Morgan.
dividends accruing to the common shares. V. 84, p. 571, 693.
(a) Colorado Springs Light, Heat & Power Co.
*
“
1907. In
ORGANIZATION.— Incorporated In Colorado on June 21 1910 as a
consolidation of the Colo. Spgs. Elec. Co., Colo. Spgs. Lt. & Power Co. and
„ , ,
-------= ----- ----------- -— v accrued from subPike’s Peak Hydro-Elec Co. V. 91, p. 466. Controls entire gas. eleccos., $841,592; fixed charges, $249,849; pref. div., $204,610; reserved for the
trjo light and power business In Colorado Springs an I Colorado City, together
depreciation, $115,793; balance, $274,340.
entire light and power business In Mantlou. Has contracts for munici
REPORT.— For year ending June 30 1910, not Including Wilkes-Barre with
pal electric lighting In the three cities. Also does a large business In Colorado
Co. or Colorado Springs Light, Heat & Power Co.:
and Colorado City In furnishing steam for heating and other pur
Net earns, sub. companies..$677,714 Dlv. pt. stk. U. G. & E. Co. $58,605 Springs
Earns, secur. held________ 51,717 Dlv. pf. stk. Lane. C. R. &L 50,000 poses. Company Is controlled by United Gas & Elect. Co.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Int. & mlscell. Income_____ 18,632
$ 1 ,000,000
Total deductions________ $249,680 Common $ 1 ,000,000 ($ 100) .................................
Pref $1,000,000 ($100) 6% n - c ................._______
1,000.000 ...................
Total net earnings_______ $748,063 Applicable to dlv. of Sus.
1,200.000 Aug I 1920
Deduct—
Ry. Lt. & Pow. Co______ $498,383 First and refunding mortgage) 1910 5 g F-A
$3,500,000 gold ($100, $500 /Interest at New York Trust Co., trustee.
Int. United G. & E. Co. bds. $91,075 Dividends_________________ 204,610
and $1,000)------- --------- c*J M. N. Buckner Is also trustee.
Int. Lane. Co. Ry. & Light
5%
1,000,000 Apr 20 1920
b on d s--------------------------- 50,000
Total surplus____________$293,773 Col Spgs Elec Co 1st mtge.................
5%
300,000 Apr 11919
From $293,773surplus Inl909-10, $91,669 was set aside for depreciation. Col Spgs Lt & Power 1st m t g e ____
Bonds.— $1,300,000 1st & ref. bonds reserved to retire underlying bonds
OFFICERS.— Pres., Geo. Bullock; V.-Ps., R . E. Griscom and S. J. Dill,
Sec. and Treas., Henry Morgan; Asst. Sec. & Treas., W . M. Canby; Asst and $1,000,000 are for additions, extensions, &c., at 85% of cost thereof.
at 105 and Int. on any lnt. day on or before Feb. 1 1917 and
Trcas., S. A. Fahnestock.— V. 85, p . 655; V. 87, p . 1416; V. 89. d . 845‘ V. 90. Redeemable
at 102 H and Int. on any Int. day thereafter. V. 91, p. 466, 1097.
p. 1103; V. 91. p .165, 590, 653, 1712.
EARNINGS.— Of constituent companies for year ending June 30 1910
(1) Lancaster County Railway & Light.
(prior to consolidation), gross, $526,228; oper. exp., &c., $275,797; net,
ORGANIZATION.— Incorporated on June 15 1901 In New Jersey." Owns $250,431.
practically all the capital stocks of the Conestoga Traction (com. and pref.),
OFFICERS.— Pres., Geo. Bullock; V.-Ps., R. W. Chisholm and S. J,
the Lancaster Gas Light & Fuel Co., the Edison Electric Illuminating Co. Dill; Sec. & Treas., J. W . Ryter; Asst. Sec., Henry Morgan; Gen. Mgr.,
and the Columbia Electric Light, Heat A Power Co. of Columbia, Pa., Geo. B. T rip p — V. 91, p. 466, 719, 1097.
and these stocks are placed under the new mortgage of 1901. On Aug. 1
(3) Wilkes-Barre Co.
1910 acquired Columbia (Pa.) Gas Co. (capital stock $60,000). V. 91,
ORGANIZATION.-'Incorporated In Pennsylvania In June 1910. Is a
p. 463. Franchises arc perpetual. Does all the gas and electric lighting In consolidation
and merger of the Wilkes-Barre Gas & Electric Co., Wilkescities of Lancaster and Columbia, and practically all In Lancaster County.
Barre Heat, Light & Motor Co., Anthracite Elec. Lt., Ht. & Power Co.,
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Standard
Elec.
Co. and Union Light & Power Co. V. 91, p. 658. Does
Q-M
$1,200,000 D ec’ 10,2 *i%
Stock com $1,350,000 ($50)----------entire gas, electric light and steam-heating business In Wilkes-Barre,
Stockpf, $1,000,000 ($50)5 %\
Borough
of
Ashley,
Hanover Township, Parsons, Miner’s Mills and Plains
cumulative........................ . I -----Q-M
1,000.000Dcc’ 10,1 K %
Township. Franchise perpetual; gas franchise both perpetual and exclus
5 g J-J
1,000,000 July 11951
Mortgage, $1,000,000 gold/ 1901
ive- 18,001 shares of stock are owned by Susquehanna R y., Lt. & Power Co
($500 and $1,000)---------c*l Interest at Lancaster Trust Co., Trustee.
STOCK AND BONDS—
Dat.
Interest.
Outstanding. Maturity.
Securities of Lines Controlled—
------ ----- $1,500,000
_ .
$1,500,000 ($50)--------- -------Conestoga Traction first mtge. 1900
4 J-J
1,277 500 Jan. 11950 Stock
5 g J-J
1,547,300 July I I960
First & ref mtge $7,500,000 gl 1910
Lancaster City RR first mtgej 1890 5 g A-O
160,000 April 1 1920
($100,
$500
&
51,000).c*&r/Interest
at
Girard
Trust
Co..
Phlla.,
trustee.
($100 and $500)--------- .c*1 Metropolitan Trust Co., N. Y., Trustee.
W-B G & E 1st cons mtge $3.) 1905 5 g J-J
3,000,000 Jan 1 1955
W E St Ry first mtge $225.-/ 1891
5 M-N
225.000 May 1 1921
000,000 g (51,000)— c*&r/Interest at Fidelity Trust Co., Phlla., trustee.
000 ($100. $500 & $l,0()0)c* i Metropolitan Trust Co. N. Y ., Trustee.
Bonds.—
Of
the
1st
&
ref.
mtge.
$3,000,000
are
reserved
to retire WilkesLancaster & Columbia stock ..
37,500 20% per an
Barre Gas & Elec, bonds; remainder for extensions. Improvements, &c.
First mortgage........ ..............1893
5 A -0
225.000 April 1 1923 The bonds out are guar., p. <Scl., by endorsement bvSusq. Ry., Lt. & Power
Columbia Elec Lt Ht & P mtge 1905
5 M-N
125.000 May 1 1935 Co. Subj. to call on any lnt. day on or before July 1 1912 at par and lnt.;
Edison Elec Ilium Co mtge__ _____
5 J-J
49,700 July I 1922 thereafter at 105 and Int. V. 91, p. 658. Wilkes-Barre Gas & Elec, bonds
do
do
mtge__ _____
5 J-J
250,300 Jan 1 1925 arc subject to call at 110 and Interest on 3 months' notice.
do
do
mtge__ _____
5 M-N
190,000 Nov. 1 1940
EARNINGS.— Of combined companies for year ending March 31 1910
Lane Gas Light & Fuel mtge. ______
5 J-J
300.000 Jan. 1 1926 (prior to merger), gross, 5520,613; oper. exp.. 4 c .. 5263,459; net, $257,154.
do
do
m tge.. 1906
5 J-J
100.000 Jan. 1 1936
PROPERTY.—
Capacity gas works, 1,200,000 cu. ft. Has about 55
Columbia Gas Co 1st M $200,-1 1911
J-J
None
Jan. 1941
miles of mains. Electric plant, 3,200 k. w. capacity.
000($l,000)sub.call 105 & Int/Farmcrs’ Loan & Trust Co., Lane., Trustee.
OFFICERS.—
Pres.,
W. II. Conyngham; V.-P., Geo. Bullock: Sec., A.
Dividends.—The first dividend on the preferred stock (3%) was paid on
Minor; Treas., J. N. Thompson; Asst. Sec., Henry Morgan; Mgr., E .A ,
July 1 1904 amt 3% was again paid on Oct. 1 1904. In 1905, Jan. 3% L.
(see V. 79, p. 2796); July, 3% ; Dee., 4 H % . In 1906, 0 J^%. In 1907,7%., Wakeman.— V. 91, p. 658, 731.
In 1908,5% . In l9 0 9 ,6 M % - In l0 1 0 ,5 % . On common: In 1908, 10%
LANCASTER & YORK FURNACE STREET RY.— A trolley road.
In 1909, 12%. In 1910, 10%.
In Jan. 1911 a syndicate managed by Geo. B. Atlee & Co., Phlla., were
REPORT.— Receipts of the Lancaster County Hallway A Light for 12 mos.
ending Dec. 3 1910; surplus from sub. cos., $275,789; bond int., $50,000; ellecting a reorganization and consolidation of the Lancaster & York Furn
pref. dlv., $50,000; amortization, $33,546; surplus, $142,213- In 1909 ace St. Ry., the Lancaster & Southern St. Ry. (6 H miles), and the Coleman
surplus from sub. cos. ,$204,727; bond lnt., $50,000; pref. dlv., $50 000’ Water & Power Co., which sold power to the two roa Is. V. 92. p. 187.
ORGANIZATION.— Incorporated July 22 1901 In Pennsylvania. In
amortization, $16,601; surplus, $88,126.
ROAD.—The Conestoga Traction Co. (the operating company) leases Feb. 1908 reduced stock from $280,000 to $170,000 and made $150,000
157.11 miles of track. Including the Lancaster City Street R y.. 13 55 miles- mtge., which see below. V. 86, p. 480.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Lancaster & Columbia, 9.16 miles; Lancaster & Lltltz, 10.10 miles Colum
.................
$170,400 ...................
bia & Ironvllle, 3.59 miles; Columbia & Donegal, 5.67 miles; Lancaster & Stock $170,400 ($ 5 0 )......................
5 gJJ
10,000 Jan 11928
Mechanlcsburg & New Holland, 20.62 miles; the New Holland Blue Ball <5c tst mtg gold $150,000 ($100,1 1908
$500, $1,000)________ c&r/Int. at Northern Trust Co.. Lane., trustee.
Terre Hill Street R y., 5 miles; the Rohrerstown Landlsvllie & Mt. Joy Ry.,
Bonds.— Are not subject to call and have no sinking fund
• ROAD.— Operates \2H miles of track between Mlllersvllle and York
Furnace. 70-lb. T rail. Gauge 5 ft. 2 >4 In
OFFICERS.— Pres., Paul Heine: Vlce-Pres.. A. B. Bailsman; Sec., J. H.
R y., 3.57 miles: Lancaster Willow Street Lampeter & Strasburg Ry., n H
miles; the Lancaster Petersburg & Manheim R y., 8 miles; the Ephrata & Myers; Treas., A. M. Landis; Gen. Mgr., J. W. Gardiner.— V. 86, p. 480;
Adamstown, 8 miles, and the Lancaster & Rocky Springs, 4 H miles. The V . 92. p. 187.
latter four completed and leased for 999 years at a rental of 6% on stock.
OFFICERS.— Pres., W. W. Griest; V.-P., George Bullock; Sec. and
LAN SD ALE, PA.
'1 reas., II. Morgan; Asst. Sec. & Treas., J. S. Grayblll.— V. 79, p. 501. 1330.
MONTGOMERY TRACTION CO.—A trolley road
2796; V. 84, p. 271, 390, 570, 693; V. 91, p. 463, 1447.
ORGANIZATION.— Incorporated In Pennsylvania on July 6 1905 as
(a) Lancasler Mechanlcsburg & New Holland Ry.— A trolley road.
under foreclosure of the Lansdale A Norristown Electric Ry.
ORGANIZATION.— Incorporated May 16 1899. Runs from Lancaster successor
STOCK
AND BONDS—
Date.
Interest. Outstanding. Maturity.
to New Holland, with an extension to Ephrata, 20.62 miles. Is leased Stock $250,000
($50)........................
...
. _
$250,000
................
T ^a,ctlon Co. for a rental of 8 % on stock. Capital stock, First mortgage.
$250,000/ 1905
5 gJJ
250.000 July 15 1935
$300,000. Stock Is not owned by lessee. No bonds.
($ 1 ,000 ) gold----------------- c/Int. at F., P WllherTY Co., So. Beth.,Pa..Tr,
Bonds are subject to call at 105.
n i A m 7 A,S!lX,,,Un(lisvillc & n t ‘ Joy R y — Trolley.
OROANIZAr O N .-O w n s an electric road of 10 miles from Lancaster
EARNINGS.— For year ending Dec. 31 1909, $39,971; In 1908, $38,854.
through Landlsvllie, Salunga, Mt. Joy and Florin. Is leased for 999 years
ROAD.— Operates 14 miles of track from Lansdale to Norristown.
to the Conestoga Traction at rental of 6 % on Its 5400,000 stock. No funded Gauge. 5 ft. 214 In. 70 and 80-lb. T rail
debt* V. 73 p. 236.
OFFICERS.—Pres., W. O. Hay. Easton: Sec and Treas., G. A. Reed
Bethlehem; Supt., Thomas Gibson, West Pvnt P a.—V. 81, p. 508.
(c) Ephrata & Adamstown Ry.— A trolley road.
ANIZATION.— This company was incorporated with $225,000
SaJ?n?i "whi^h°Hr«S«CB.t«'.1T ,10? L , ° wna road from I'-Phrata to Adamstown,
L A N S I N G , M IC H
8.nJ i£8, w!\ich
caa^ d I? 1903 to the Conestoga Traction Co. for a rental
MICHIGAN UNITED RAILWAYS.—See statement of company under
of 6 % on the stock. No funded debt.
Jackson,
Mich.,
and
map
on page 59.
(d) Lancaster & Rocky Springs Ry.
ORGANIZATION.— Operates 4/4 miles of track. Stock, $200,000. No
bonds. I.eased to Conestoga 'Traction Co. for 999 years at 6 % on stock.
L E E T O N I A , O H IO .
(e) New Holland Blue Ball & Terre Hill Street Ry.
YOUNGSTOWN & OHIO RIVER RR. — A trolley and steam road.
ORGANIZATION.— Operates a line from Blue Ball to Terre Hill. Is Freight service operated by steam; passenger service by electricity.
leased to the Conestoga Traction Co. for 999 years at 5 % on Its $120 000
ORGANIZATION.— Incorporated In Ohio on Dec. 8 1905. In 1906
capital stock.
’
leased for 99 years Salem R R . from Pittsburgh Lisbon & Western R R . Co.
LAKE
CH ARLES, L A .
LAKE CHARLES RAILW AY. LIGHT & WATER WORKS CO.
ORGANIZATION.— Incorporated In Louisiana In 1009. In June 1909
the company acquired the Lake Charles Street Ry. Co., operating an electric
railway In Lake Charles and Lake Charles Ice, Light & Waterworks Co.,
which operates an Ice plant, elcctrlc-llght and power department and
water system.
Franchises expire: street railway, 1941; water works, 1916; electric light
and power, 1926.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
stock, $200,000_________ _______ _______________
$200,000 __________
First mortgage, $500,000 gf 1909
6 g F-A
300,000
See text
($500 and $1,000)______c*l Inter-State Trust & Bkg. Co., New Orl., Tr.
Bonds.— Remaining bonds are for Improvements and extensions on basis
of $1 In bonds for each $1 33 of Improvements, &c. Bonds mature $15,000
seml-an. from Aug. 1 1912 to Feb. 1 1922, both Inclusive; but redeemable
on and after Aug. 1 1914 on any lnt. day on 30 days’ notice. Int. Is payable
at office of trustee or at Chic. Sav. Bank & Trust Co., Chicago.
EARNINGS.— Of constituent companies for 1908, gross, $183,226,
oper. expenses, lnt. & taxes, $128,305; net, $54,921.
ROAD consists of 7.64 miles of track. 60-lb. rails.
OFFICERS.— Pres., J. A. Landry; Sec., P. O. Moss.— V. 89 p 919.
for $8,000 per annum; the former runs between Salem and Washlngtonville, town & Lexington, and remainder reserved for betterments and acquisitions.
A sinking fund of
of bonds out Is operative from 1916 to 1926; thereafter
7 miles.
In 1910 road was re-capltallzed and new securities Issued as below.
1%; said fund to be Invested In the bonds at not higher than 110 and lnt.
Interest. Outstanding. Maturity.
EARNINGS.— Of all operating companies for year 1910 (2 mos. cst.),
STOCK AND RONDS—
Date.
$1,000,000 ................... gross, $670,000; net, $250,000. In 1909, gross, $600,257; net, $187,952.
Stock, common, $ 1 .0 0 0 ,0 0 0 -------— -—
1 .0 0 0 . 0 0 0 J a n . ’ l l , 3
A %
Preferred, $1,000,000, 5% - .............
_Q-J
OPERATIONS.— Constituent companies operate about 97 >4 miles of
1 .0 0 0 .
0 0 0 A p r 1 1 9track.
35
First mortgage, $2,500,000, f 1910
5 A-O
They do the electric light, street railway and Ice bus'ness of Lexing
gold ($1,000)................. c*(In t. at Citizens S a v . & T r . C o . , C l e v e . , ton. Also operate city linos In Frankfort and "lines radiating from Lexing
I.
T r u s t e e , o r F ir s t N a t io n a l B a n k , N . Y .
ton to Georgetown, Paris, Nlcholasvllie, Versailles and from Frankfort to
Stock and Bonds.— P r e f . s t o c k d l v . Is c u m u l a t i v e a f t e r J u l y 1 1 9 1 3 . Versailles. 50 to 80-lb. rails. Standard gauge. Owns 28 closed and 10
B o n d s s u b j e c t t o c a l l o n a n y I n t . d a t e a f t e r A p r i l 1 1 9 1 5 a t 1 0 5 a n d ln t .
open cars; 15 interurban passenger and 2 express cars; 2 lino and 6 ballast
R e m a i n i n g b o n d s a r e r e s e r v e d f o r a c q u i s i t i o n s a n d e x t e n s io n s u n d e r c e r t a i n
cars.
r e s t r ic t i o n s
•
OFFICERS.— Pres., J. Levering Jones, Phila.; V .-P ., John Blair MacDividend's.— Initial dlv.— H % — on pref. was paid Oct. 5 1910. In 1911, Afee,
Phila.; Sec., Henry Rainey, Phila.; Treas., H. J. Delany, Phila.,
Office, Phila.— V. 85, p. 346, 1462" V. 87, p. 226, 414, 480; V. 88, p. 506,
^ E A R N I N G S . — F o r c a le n d a r y e a r 1 9 1 0 , g ro s s, $ 2 0 8 ,7 0 6 ; n e t, a f t e r ta x e e
1373; V. 92, p. 322,461.
a n d r e n t a ls , $ 8 2 , 2 9 2 ; in t e r e s t , $ 3 7 , 5 0 0 ; d l v s . , $ 1 5 , 0 0 0 ; s u r p lu s , $ 2 9 , 7 9 2 . I n
(1) Lexington Railway Co.
1 9 0 9 , g r o s s , $ 1 6 6 , 0 8 9 ; n e t , a f t e r t a x e s a n d r e n t a ls , $ 7 1 , 6 0 1 .
R O A D . — O p e r a t e s f r o m t h e t e r m i n u s o f t h e S t a r k E l e c t r i c R y . In
ORGANIZATION.— Incorporated In Kentucky on Feb. 11 1899, with
S a le m , O h io , t h r o u g h t h e c i t y o f S a le m t o a c o n n e c t i o n w it h t h e S a le m R R „
perpetual charter, as a consolidation of Passenger & Belt Rys., Central
a n d o v e r t h e S a le m R R . f r o m S a le m t h r o u g h W a s h l n g t o n v i l l e , L e e t o n la .
Electric Co., Belt Electric Line Co. and Hercules Icc Co. On Sept. 12 1899
L i s b o n a n d W e s t P o i n t t o E a s t L i v e r p o o l , O h io , a d i s t a n c e o f 3 6 m ile s .
absorbed the Lexington Ice Mfg. & Storage Co. In June 1909 the Ice and
A t L e e t o n la , O . . c o n n e c t io n Is m a d e w i t h t h e Y o u n g s t o w n A S o u t h e r n R y . ,
electric light depts. were transferred to Lexington Utilities Co. In compliance
O w n s 3 2 . 1 9 m ile s o f t r a c k a n d le a s e s 6 .8 1 m ile s .
S t a n d a r d g a u g e , m o s t ly
with a law prohibiting a common carrier from engaging in any other business.
7 0 - lb . T r a il.
P a s s , e q u i p . , 7 c a r s ; f r e i g h t , 3 lo c o m o t iv e s , 1 5 c a r s .
STOCK AND BONDS—
D a te .
In terest.
O u tsta n d in g .
M a tu r ity .
O F F I C E R S . — P r e s . , W i l l C h r i s t y ; V . - P . , G e o . A . S t a n le y ; S e c . a n d
Stock
$800,000 ($ 100) ................................ ..........
$800,000 ______ ____
T r e a s ., C h a s . S . T h r a s h e r ; G e n . M g r., J . D . D e w ce s ; A u d ., B . I I . J a c o b s .
Passenger
A
Belt
first
mtgel
1891
6
g
A-O
63,000
See
text
G e n e r a l o f f i c e , L e e t o n la , O . — V . 8 5 , p . 5 3 2 ; V . 8 6 , p . 1 3 4 6 ; V . 8 7 , p . 6 7 9 ;
$200,000 ($1,000)------------ / Int. at Amer. Tr. A Sav. Bk., Chicago, trust.
V . 88, p. 824; V . 9 0 , p . 1556 ; V . 91, p . 40, 947; V . 92, p. 4 5 7 .
Lex Ry 1st mtge $1,500,0001 1899 5 g J-D
1,437,000 June 1 1049
gold ($1,000)------------ -C’ JInt. at Cont'nental Tr. Co., Baltimore, trust.
B o n d s . — -$63,000 Lexington Ry. bonds are reserved to retire Pass. A Belt
L E W IS T O N , M E .
bonds. A s i n k i n g J u t u l will retire 1% of the bonds annualiy at 1io and Int.
LEWISTON AUGUSTA & WATERVILLE STREET RY.— A t r o l l e y r o a d . The
Pass. A Belt Ry. bonds mature $15,000 annually to April 1 1916.
O R G A N I Z A T I O N . — O r g a n iz e d In M a in e in 1 9 0 7 a s a c o n s o l i d a t i o n o f
In June 1909 a 2d M. was made for $500,000. These bonds, as Issued,
t h e L e w i s t o n B r u n s w i c k A B a t h S t r e e t R y . ( w h i c h o w n e d t h e B r u n s w ic k
were to be placed under the Lexington A Interurban Rys. Indenture and
A T o p s h a r n R y . . L e w is t o n & A u b u r n R R . a n d B a t h S t r e e t R y . ) t h e
Lex. A Inter, bonds Issued In exchange therefor. $78,000 arc out.
A u g u s t a W l n t h r o p A G a r d i n e r R y . ( a c o n s o li d a t i o n In M a y 1 9 0 2 o f t h e
ROAD.— Owns and operates all street railways In and about Lexington,
A u g u s t a l l a l l o w e l l A G a r d i n e r R R . a n d t h e L e w is t o n W ln t h r o p A A u g u s t a
approx.
16 miles.
S tre e t R v .) a n d th e A u b u r n £ T u rn e r R R . C o .
V . 84, p. 118 2.
Fran
chises a r e p e r p e t u a l . D o e s a f r e i g h t b u s in e s s .
(2) Blue Grass Traction Co.
ORGANIZATION.— Incorporated In Kentucky In Feb. 1904 as a con
STO CK AN D BO NDS—
Date.
Interest. Outstanding. Maturity
S t o c k , c o m ., $ 2 , 4 0 0 , 0 0 0 ( $ 1 0 0 ) ...................................... $ 2 , 4 0 0 , 0 0 0
..........................
solidation of the o l d Blue Brass Trac. Co. and Georgetown A Lexington
P r e f , $ 6 0 0 , 0 0 0 ( $ 1 0 0 ) 6 % c u m .............
Q -F
6 0 0 , 0 0 0 N o v ’ 1 0 1 !4 %
Trac. Co. F r a n c h i s e s perpetual.
F ir s t an d
r e f u n d in g
m o rt-1 19 07
5 g A -O
1 .7 0 0 ,0 0 0 A p r il l 19 37
STOCK AND BONDS—
D a te.
In ter es t.
O u tsta n d in g .
M a tu rity .
g ag e , $ 5 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) ,)
O ld C o lo n y T r u s t C o ., B o s to n , T r u s t e e .
...........................
$700,000
...................
Stock, $700,000 ($100)........
gold --------------------------- c* j Interest at agency of company, Boston
Blue Grass 1st Mtge $700,000) 1904
5 g M-S
500,000 Mch 1 1034
Securities of the Lew. Bruns. A Bath St. By.—
gold ($500 and $1,000).cA rjln t. at Cleveland Trust Co., Cleve., trustee.
F ir s t m tg e . $ 1 ,0 0 0 ,0 0 0 g o l d . . . 1898
5 g M -S
9 3 0 ,0 0 0 M c h . 1 1918
Georgetown A Lexington 1st] 1901
5 g M-N15
200,000 Nov 15 1921
B a t h S t R y 1st m tg e $ 3 0 0 ,0001 1893
5 g J-J
7 0 ,0 0 0 J u ly 1 1 9 1 3
mtge $250,000 gold ($100, /Interest at Cincinnati Trust Co., trustee, and
g o ld ( $ 1 , 0 0 0 ) -------------------- c * J
S u b je c t to c a ll a f t e r J u ly 1 18 9 8 .
$500 and 81,000)........ cArJ at Standard Trust Co., New York.
Securities of the Aug. Win. A Oar. By.—
Bonds.— $86,000 of the Blue Grass bonds out are owned by Lexington A
A u g H & G g en m tg e c o n v _ _ c 1901
4 J-J
2 5 0 .0 0 0 J u ly
19 51
Interurban. In Aug. 1908 a 2d M. was made for $200,000 5% bonds duo
A u g W i n & G a r d 1 st M $ 2 5 0 , - 1 1 9 0 2
4 g J-J
1 5 0 ,0 0 0 J u ly
1 1952
In 1938. These bonds, as Issued, were to be placed under the lien of the
0 0 0 c o n v ( $ 1 ,0 0 0 & $ 5 0 0 ) g c ’ / I n t . a t A u g u s t a T r . C o ., A u g u s t a , M e . , T r u s t .
Lexington A Interurban Rys. mtge. and Lex. A Inter, bonds Issued In ex
A u g W in & G a r d g e n M $ 1 2 5 , -1 1 9 0 5
5 g J-J
1 0 0 ,0 0 0 J a n
1 19 35
change for them. $84,000 are out.
0 0 0 ( $ 5 0 0 a n d $ 1 , 0 0 0 ) g o ld ] I n t e r e s t a t A u g u s t a T r u s t C o . , T r u s t e e .
ROAD.— Owns and operates a line from Lexlngtoh to Georgetown, 12
Bonds.— T h e $ 5 0 0 0 , 0 0 0 1 s t M . b o n d s a r e s u b j . t o c a ll o n a n y I n t . d a y a t miles, and a line from Lexington to Paris, 18 miles; total. 30 miles. 60-lb.
1 0 7 h a n d ln t .
N o s in k in g fu n d .
$ 1 ,5 0 0 ,0 0 0 a r e re s e rv e d fo r p r io r H en s,
T. rails. 10 cars.
$ 3 0 0 , 0 0 0 a r e In t r e a s u r y a n d $ 1 , 5 0 0 , 0 0 0 a r e r e s e r v e d f o r f u t u r e e x t e n s io n s
(3) Central Kentucky Traction Co.
a n d Im p r o v e m e n t s .
T h e A u g u s t a W ln t h r o p & G a r d in e r , R y . g e n . M . 5 %
b o n d s o f 1 0 0 5 a r e s u b j . t o c a l l a t p a r o n a n y l n t . d a t e o n 6 5 d a y s ’ n o t ic e ,
ORGANIZATION, AC.— Incorporated on Aug. 2 1907 In Kentucky as a
consolidation of Central Kentucky Trac. Co. and Frankfort A Versailles
T h e A u g . W i n . A G a r . R y . 1 s t M . 4 % b o n d s a r e e x c h a n g e a b le f o r 4 % prej.
stock o f t h e s a m e c o . , w h i c h s t o c k h a s t h e s a m e s e c u r i t y a s t h e b o n d s a n d Trac. Co. F r a n c h i s e s perpetual except in Frankfort, which exptre In 1915
m a t u r e s a t s a m e t im e .
T h e A u g . I I . A G a r . g e n . M . 4 % b o n d s a r e e x and 1923, and In Winchester In 1927. Stock auth. and out. $350,000 com.
and $75,000 pref. First M. bonds, $4,000,000, gold, auth., $1,183,000 out
c h a n g e a b l e f o r 4 % prej. stock o f t h e s a m e c o . . h a v i n g t h e s a m e s e c u r i t y a s
($1,000 o*); dated 1907, due Dec. 1 1937. Int. (J.-D.) at Guaranty Trust
t h e b o n d s , a n d m a t u r e s a t t h e s a m e t im e .
O f th e L e w is t o n B r u n s w ic k &
A Safe Deposit Co., Phila., trustee. All the stock and bonds are owned by
B a t h S t re e t R y . 1 s t M . b o n d s o f 18 9 8 , $ 7 0 ,0 0 0 a r e re s e r v e d to r e t ir e th e
Lex. A Int. Rys. Co.
u n d e r ly in g b o n d s .
ROAD.— Operates from Lexington to Frankfort, 28 miles, and from
Dividends.— On p r e f . 1 > 4 % q u a r . f r o m A u g . 1 9 1 0 t o a n d I n c l . N o v . 1 ’ 1 0 .
Lexington to Nlcholasvllie, 12 miles; also 8 miles of city line In Frankfort
E A R N I N G S . — F o r y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s , $ 5 2 6 , 2 0 6 ; n e t ,
and Winchester; total, 48 miles. 70 and 80-lb. T rails.
$ 2 1 7 , 6 6 8 ; ( Ix e d c h a r g e s , $ 1 7 7 , 9 2 6 ; s u r p lu s , $ 3 9 , 7 4 2 .
R O A D . — O p e r a t e s a s y s t e m In a n d b e t w e e n W a t e r v l l l e , A u g u s t a , W l n
(4) Lexington Utilities Co.
t h r o p , T o g u s , lla llo w e ll, G a r d n e r , S a b a t t u s , L e w is t o n , A u b u r n , T u r n e r ,
ORGANIZATION, Ac.— lncorp. on June 5 1909. Stock auth. and out,
M e c h a n ic F a lls , B r u n s w ic k a n d B a t h .
T o t a l , 1 4 5 m ile s .
$100,000. All stock Is owned by Lex. A Interur. Rys. Co. Does Ice and
O F F I C E R S . — P re s ., J o h n R . G r a h a m , B a n g o r; V .- P s ., H . L . C la r k a n d
electric light business in Lexington. In June 1909 made 2d mtge. for
F r a n k S illlm a n J r . ; T r e a s ., L e w is t o n ; G e n . M g r . a n d P u r . A g t ., H a r r y B .
$200,000 bonds.
These bonds, as Issued, were to be placed under
Iv e r s , L e w is t o n .— V . 8 4, p . 1 1 8 2 ; V . 8 5 , p . 46 9 ; V . 9 1, p . 9 4 .
the lien of I,ex. A Int. Rys. mtge., and L. A I. bonds issued In exchange
therefor. $45,000 have been Issued.
L E W IS T O W N , P A .
PENN CENTRAL LIGHT & POWER CO.
ORGANIZATION.— Incorporated In Pennsylvania on May 26 1892.
Does an electric light and power business. Owns entire stock of the Lewistown A Reedsvillc Electric Ry.
STOCK AND BONDS.— Date.
Interest. Outstanding. Maturity.
________ .$150,000 -----------Common $150,000___________ _____
Preferred $2,000,000 6% n-c._ .......
................. 1,320,000
-----1st & ref mtge $4,000,000/ 1910
5 g A-O
1,612,500 April 1 1950
gold ($500 & $1,000)___ c*\Int at Pa. Co.forlns.onL. AG.I., Phila., Pa.
Mifflin Co Gas & El Co 1st M__ .......
.................
175,000
...........
Bonds.— 1st A ref. bonds are subj. to call at 105 and Int. after April 1 1915;
$175,000 arc reserved for prior liens.
EARNINGS. -F o r 10 mos. end. Dec. 31 1910; gross, $303,358; net, $145,
636: int. and taxes, $76,008; surplus, $69,028.
OFFICERS.— Pres., R. W. Meirs; Sec. A Treas., John E. Zimmerman;
Gen. Mgrs., Dodge, Day A Zimmerman, Phila., Pa.
(1) Lewistown & Reedsvillc Electric Ry.
Entire stock Is owned by the Penn Central Light & Power Co.
ORGANIZA'I ION .—Incorporated In Pennsylvania on March 24 1892.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
Stock $150,000 ($ 5 0 )_____________
_________
$150,000 1907-08.5%
1st mortgage gold ($500 and) 1899
5 g J-J
150,000 June 1 1919
$1,000) $150,000___ cArj Int. at Union Trust Co., Phila., Trustee.
2d mortgage gold ($500 and) 1902
5 g M-N
125,000 May 1 1917
$1,000) $125,000___ oA r/Int. at Com’wealth Tr. Co.. Harrlsb’g Trus.
Bonds.— The lsts are not sub. to call, but the 2ds can be called at par.
Dividends.—1902 to 1908, Inclusive. 5% per annum. None since.
EARNINGS.— For tlscal year ending June 30 1910, gross, $92,051; net
$30,916: Interest, $12,581; dividends, none; surplus, $18,335.
ROAD — Operates 9H miles of track from Lewistown to Reedsvtlle and
Lewistown Junction, with a branch to Burnham. 60 and 70-lb. T and
70-lb. girder rail.
OFFICERS.— Pres, and Mgr., J. I. Quigley, Lewistown; V.-P., John E.
Zlmmermann, Phila.; Sec. and Treas., Chas. Day, Phila.; Supt., C. E.
Gossard, Lewistown.— V. 88. p. 1128; V. 89, p 919.
L E X IN G T O N ,
KY.
L IM A , O H IO .
WESTERN OHIO RR.
ORGANIZATION.— Incorporated In Ohio on June 7 1910 to take over
under lease the Western Ohio By. Lease provides the Western Ohio BB.
pay prln. A lnt. on Western Ohio By. bonds as well as dlv. on both 1st
and 2d pref. stocks of that company and an annual rental of $15,000. Hold
ers of com. stock of Western Ohio By. had right to exchange before Jan. 1
1911 their stock for stock of Western Ohio RR. on basis of 3 shares of Ilwy.
for one share of IIB. V. 90, p. 1556. On Jan. 1 1911 27,402 shares had
been exchanged. Stock auth., $1,000,000; issued, $913,400.
EARNINGS.— For year ended Dec. 31 1910 (1st 6 mos. oper. being con
ducted by West. Ohio By.), gross, $558,375; net, $266,314; lnt. and taxes,
$194,393; dlvs., $27,350; surplus, $44,571.
OFFICERS.— Pres., J. L. Wolf, Cleve.; V. P., M. J. Mandelbaum, Cleve.;
V.-P. and Gen. Mgr., F. D. Carpenter, Lima; Sec. A Treas., II. C. Lang.
(1) Western Ohio Ry.— A trolley road.
ORGANIZATION.— inrorpoiuted In Ohio on Oct. 11 1900. This Is one
of tb Mandelbaum roads and forms a link In the through car service from
Toledo to Dayton. Outside of municipalities has private right-of-way
Franchises In towns arc for 25 years. Owns entire common and pref. stock
of the Lima Findlay A Toledo Ry. V. 83, p. 97, 157, 381. Has contract
to furnish power until 1913 to Lima A Toledo Traction, Ft. Wayne Van Wert
A Lima Traction and Indiana Columbus A Eastern Traction.
Is leased to Western Ohio RR. V. 90, p. 1615; V. 91, p. 40.
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity.
Common $3,000,000 ($100)..................................
$300,000 ...................
1st pf, $500,000 ($100)7% c u m ___
_______
5.000 ...................
2d pf, $500,000 ($100)6% c u m ___
Q-J
450,000 Jan’ 11,1 >3
1st mortgage $3,000,000 goldf 1901
5 g M-N
____
____ ____
2.500,000
Nov l______
1921
($1,000) $26,500per M.c* Arl Int. at Clt Savings A Trust Co. Cleveland,
l Trustee or First National Bank, N. Y.
Collateral trust mortgage,1 1910
6%
495,000 July 1 1930
$500,000------------ --------— /Cleveland Trust Co., Trustee.
L F A T 1st mtge $600,000) 1005
5 g J-J
400,000 July 1 1925
gold ($1 000) - ..................c] Int. at Citizens Savings A Trust Co., Clevei land. Trustee, or In New York.
Bonds.—The West Ohio 1st M. bonds have no sink. fd. and bonds are not
subject to call. See V. 76. p. 160, for agreement among bondholders.
Coll, trust bonds are convertible Into 1st Dref. stock and arc secured by
deposit of $495,000 1st 5s. $5,000 have been converted. No sink, fd.;
red. on Nov. 1 1921 at 110. As bonds are converted, proportionate amount
of 1st 5s which are collateral will be canceled.
The Lima Findlay A Toledo bonds have a sinking Juml of $10,500 per
annum, beginning In 1911. Are subject to call at 105. V. 80. p 2344.
Dividends.— On 2nd pref. first dlv., l ^ % , paid Oct. 1910, and same
amount quar. to and lncl. Jan. 1911.
_ ROAD.— Operates from Lima through Wanakoneta and St. Marys to
Cellna; from St. Marys to Minster, and from Wapakoncta to PIqua; a tota
of 80 miles; also Lima to Findlay, 32 miles, thus completing a through lino
to Toledo. Total, 112 miles single track. Standard gauge. Operates
19 passenger and 6 other cars.
OFFICERS.— Pres., F. D. Carpenter, Lima: V.-P.. J. O. Wilson, Cleve.:
Sec. A Treas., A. Born.— V. 83, p. 97. 157, 381; V. 85, p. 1520; V. 88, p.
626 V 89, p. 667; V 90, p. 504, 1426, 1492, 1615; V. 91, p. 40,155,872.
LEXINGTON & INI ERURBAN RM LW AYSCO,
Successor Company.— On Jan. 23 1911 the Kentucky Securities Corp. was
lncorp. In Virginia with $5,000,000 ($100) auth. stock, one-half to be 6%
pref., as successor after reorganization of the Lex. & Inter. R y. Co. V. 92,
p. 322. It is also planned to form the Kentucky Trac. Co. by consolidating
the operating trolley roads. This company will make a $7,500,000 1st &
ref. M., guar. p.Al. by Ky. Sec. Corp. See plan In full In V. 92, p. 461.
W ORGANIZATION.— Incorporated In New Jersey on Dec. 6 1905 as a
holding company. Owns $799,925 of the stock of the Lexington Ry. Co.,
the entire stock of the Lexington Utilities Co., the entire stock and $86,000
bonds of the Blue Grass Trac. Co. and the entire stock and bonds of the
Cent a Kentucky Traction Co., also the entire stocks of the Blue Grass
Park Co. and Cent. Ky. Land Co.; neither company has any bonds.
STOCK AND BONDS.—
Date.
merest. Outstanding. Maturity.
Common $2,000,000 ($50)......................................... $2 ,000,000 .................
Pref $1,000,000 ($50) 8% cum.....................- - - - - 382.800
. . .
Coll Trust Mtge $6,000,000] 1906
5 g F-A
1,594.000 Feb 1 1956
L IN C O L N , N E B .
gold ($1,000) ...................cjIn t. at Guar. Tr. A S. D. Co., Phila., Trus.
THE LINCOLN TRACTION.— A trolley road.
Stock.—The preferred stock is redeemable after 1910at $60 per share, and
ORGANIZATION.— Incorporated In Nebraska In 1909. Is a consoli
Is convertible Into common stock. See V. 84, p. 220. Is cum. from Jan. 1
1908.
Both classes of stock are itsted on Phila. Stock Exch. V. 84, p. 626. dation of the old Lincoln Traction and the Citizens’ Ry. Co. V. 88, p. 506.
Bonds.— Of the $6,000,000 coll, trust bonds, sufflcent are reserved to Holders of the old Lincoln pref. stock ($700,000) received 110 In the new
retire the 1st mtge. bonds of the Blue Grass Traction Co. and the George bonds. Holders of the old Lincoln common ($330,000) got for evory share
of old, two shares of new pref. and four shares of new common. Holders
of Citizens’ Ry. stock ($415,000) received 100% In new pref. and 80% In
(3> Long Island Electric R y ,—A trolley road.
In Jan 1900 control passed to the Interborough Ranld Transit Co.
and the Long Island Consolidated Electrical Companies, each owning onen6In CMayn<lo io Attorney-General Thompson advised the Nebraska R R . half the stock and bonds.
Commissioners that they have no power to order the cancellation of $1,500,
ORGANIZATION.— Chartered March 13 1897 as New York A North
000 stock of the company, as demanded In a case llled by County Attorney Shore
Ry. On Oct. 11 1899 was consolidated with the f o r m e r Long Island
Tyrrell, who claimed the same was ‘ ‘pure water.” V. 90, p. 1363.
Electric
Ry .. new company having $2 100.000 capital stock and $2,100,000
STOCK AND BONDS—• D a t e . I n t e r e s t . O u ts ta n d in g .
M a tu r ity .
bonds. On May 7 1902 the lines noith of Jamaica were sold under fore
................... closure
Common $2,000,000 ($100)...................................$1,652,000
to the Queens Ry. Co., which company was then merged In the
Pref. $1,500,000 ($100) 6% c u -----Q-F
1,091,500 Feb.’ l l , l H %
New York & Queens County Ry. On Aug. 28 1903 old name of “ Long
1 st mortgage $1,500,000 gold 11909
5 g J-J
1,120.000 Mar. 1 1939 Island
Electric Ry. was resumed. In Aug. 1909 stock was reduced from
($1,000)_____________ c & rjlnterest at New York Trust Co., trustee.
$2,100,000
to $600,000 by cancellation of $1,500,000 stock originally Issued
Old Lincoln Trac. mtge. g. $1 ,-j 1899
5 g J -J
250,000 .Tan 1 1920
to
represent
the piece of road which subsequently became the Queens Ry.
000) $250.000__________ c*( Interest at New York Trust Co., trustee.
and now forms part of the New York & Queens County Ry. V.89,p.42, 593.
B o n d s . — Of the now Lincoln Traction Co. bonds $250,000 arc reserved
STOCK
AND
BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
for prior liens and $130,000 are for extensions and Improvements at 85%
Stock. $600,000 ($100)............. ......
................. $600,000
.
of cost.
„ ,
5 g J-D
6ud,000 June 1 1925
D i v i d e n d s . — 1H % paid quarterly on pref. from May 1 1909 to Feb. 1 L. I. El. 1st M. $600,0001 1895
f$l,000) .........................c*JInt. at Hamilton T r.Co., Brooklyn.Trustee.
1911, Inclusive.
EARNINGS.— For year ending .Tan. 31 1910, gross, $566,817; net,
EARNINGS.— For year ending June 30 1910, gross, $196,257; net,
$201,009; Int., $56,000; surplus, $145,009. In 1908-09, gross, $526,846; $34,433; other Income, $1,833: charges and taxes, $44,351; deficit, $8,085.
net $177,496.
„
, t ,
ROAD.— Comprises 26.56 miles of track on 17.34 miles of road from
ROAD.— Owns 54.59 miles of track.
Crescent Avenue, Brooklyn (at the terminus of the Kings County Elevated),
OFFICERS.— Pres.'and Chairman of Board, W. E. Sharp; V .-P., T. C. to Jamaica, Hollis and Queens, and from Jamaica to Far Rockaway. 3 7
Boggs; Sec., J. H. Smith; Trcas., S. II. Burnham; Aud., S. A. Foster; passenger cars and 7 others.— V. 83, p. 818; V. 88, p. 101; V. 89, p. 42, 593.
Gen. Mgr., J. II. Ilumpe, Lincoln.— V. 88, p. 506; V. 90, p. 1363; V. 91,
(4) New Y'ork & Long Island Traction.—A trolley r ad.
p. 94.
On June 20 1905 control was purchased Jointly by the Interborough
Rapid Transit Co. and the Long Island Consol. Elcc. Cos. V. 80, p. 2622.
OMAHA LINCOLN & BEATRICE RY.
Is constructing 56 miles between Lincoln and Omaha, of which 6 miles The Interborough also controls the New York & Queens County Ry. In
from Lincoln to Bethany Heights Is completed and In operation. Standard Oct. 1906 the RR. Commissioners authorized $600,000 new stock, to be
gauge. 70-lb. T rail. F r a n c h is e s , 99 years and perpetual. Furnishes Issued for the stock of the Long Island Elec. Ry. (see V. 83, p. 818), but
electric light and power to village of Bethany. Stock authorized, $2,250,000 It Is not deemed probable that exchange will be made.
($100); outstanding, $300,000. No bonds.
ORGANIZATION.—This was formerly the Mlneota Hempstead & Free
OFFICERS.— Pres., Harvey Musser; V .-P., II. II. Wilson; Aud., port Traction (Incorporated on Feb. 27 1899), but name changed as above
on Sept. 22 1902, and stock Increased from $125,000 to $1,000,000.
II. S. Norton. Office, 1400 "O ” St., Lincoln.
STOCK AN1) BONDS—
D a te .
I n te re s t.
O u ts ta n d in g .
L a st D iv .
Common, $750,000 ($501 .........................................
$750,000 __________
Pref., 6 % cum., $250,000 ($50.»___
_________
250 000 No.div. yet
LITTLE ROOK, ARK.
1 1902 4)4 g M-N
1,000,000 Nov. 1 1942
LITTLE ROCK RAILWAY & ELECTRIC CO.
1st mtge., $1,000,000, goldi Int. at Citizens Sav. & Tr. Co., CltvoORGAN >,_i lON .— Incorporated In Arkansas on March 17 1903 and is a
($1,000) c. A r __ _____ .(land, trustee, or at 1st Nat. Bank N. Y.
consolidation of the Little Rock Traction & Electric Co. (granted a new
B o n d s . — Are subject to call at 107 at 30 days’ notice, but no sink. fund.
franchise on Sept. 28 1901 for 50 years; V. 73. p. 784) and the Little Rock
EARNINGS.— For year ending .Tune 30 1010, gross, $354,416; net,
Edison Electric Light & Power Co. (franchise unlimited). Operates all
$130,646;
other Income, $20; charges and taxes, $86,843; surplus, $52,823.
street railways In city and all commercial electric lighting; also a portion of
the commercial lighting In Argenta, Ark. Controlled by American Cities
ROAD.— Operates an electric line connecting Mlneola, Hempstead and
Railway A Light Co. Isidore Newman & Son of New Orleans are fiscal agts. Freeport, 7.84 miles. Also operates line from Hempstead west 5.58
miles to Queens, where connection Is made with the tracks of the Long
STOCK AND BONDS—
D a te . I n te r e s t.
O u ts ta n d in g .
M a t u r it y .
Common, $1,000,000......................... 5 J-D
$1,500,000 Dec. ’ 10, 4% Island Electric Ry. Co. Also a line 17.01 miles long from Freeport westerly
Pref, 6% cum, $750,000______
6 J-D
750.000 D ec.31 '10,3% via Rockville Centre. Lynbrook and Valley Stream, to a connection with the
1st mortgage, $2,000,000.f 1903 5 g A-O
2,000,000
April 1 1933 Kings County Elevated Ry. at Brooklyn. Also a line from Queens to
gold ($1.000)__________ c*( Interest at Com. Germania Trust A Savings Mlneola via Jericho Turnpike, 5.86 miles. Total, 36.29 miles. Total,
1Bank, New Orleans, Trus., or fisc. agts.,N.Y. lncl. second track, 40.9j miles. 31 passenger and 9 other cars.
Refunding and extension mtg) 1908
6 g A-O
500.000 April 1 1938
OFFICERS.— Pres., C. L. Addison, Penn. Sta., N. Y.; V.-P. A Gen.
$5,000,000 ($500 and $1 .-(•Int. at Bank of Commerce & Trust Co., Mem Mgr., W. O. Wood; Sec. and Treas., Frank E. Half, Penn. R R . Sta., N. Y .
000) g o ld _____________ c*J phis, Trus., or Standard Trust Co.. N. Y
— V. 83, p. 818; V. 84. p. 868; V. 88, p. 101.
B o n d s . — First mortgage bonds are subject to call on 60 days’ notice on
NEW YORK & QUEENS COUNTY RY.
any Interest period at 107 A - Sink, fund of H of 1% of outstanding bonds
1008 to 1917; 1% thereafter. $31,000 arc held by sinking fund. The
32,048 shares out of total Issue of 32,350 Is owned by the Interborough
refunding and extension bonds cannot be called; $2,000,000 are reserved to Rapid Transit Co., which also owns one-half of the stock of the Long Island
retire 1st 5s and remainder for 80% of cost of additional property If net Electric Ry. and the New York & Long Island Traction.
earns, for 12 raos. previous have been twice the annual Int. charges on out
ORGANIZATION.— Incorporated June 29 1896 and reorganized on June
standing bonds, lncl. those to be Issued. A s in k in g f u n d of X
A of 1% on out 30 1899.
Purchased the various lines of railroad In Long Island City known
standing bonds commencing Aug. 1 1913 Is to be Invested In these bonds at as the Newtown Ry. Co., the Rlker Ave. & Sanfords Point R R ., the Stein
not higher than a 4)3% basis, bonds to be kept alive In fund. The first way Railway the Long Island City A Newtown R y. and the Flushing A
$500,000 are to be Issued as 6s; rate on subsequent bonds to be at discretion College Point R y. In May 1902 the Queens Ry. was consolidated with It,
of board of directors at not exceeding 6% . See full particulars regarding and thereupon Increased Its stock from $2,500,000 to $5,000,000
The
bonds, property, Ac., In V. 87, p. 414.
Queens Ry succeeded to the property sold at foreclosure of the New York
A North Shore Ry.,comprising a line of 6 miles from Flushing to Jamaica,
D iv i d e n d s .— On pref., 6% per annum paid up to and Including Dec. 1910
On com., 1906, 2%; 1907, 4% ; 1908, 4 H % ; 1909, June. 2T*% and 1)4% with franchises for lines between Flushing and College Point, Flushing and
Bayslde and Manhasset. V. 74, p. 1107. In Sept. 1906 the Railroad
extra; Dec., 2 J4%; 1910, Mch., 1 H% extra; June, 4% ; Dee., 4% .
Commissioners granted permission to make a new mortgage for $10,000,000
EARNINGS.— For calendar years;
to
provide for refunding, Ac. V. 82, p. 1439; V. 83, p. 752.
Y ear—
O ross.
N e t.
*I n t e r e s t . ------------ D i v i d e n d s ------------ S u r p lu s
The new Queensboro Bridge across Blackwell’s Island was opened In
1910 ...$772,244 $379,774 $140,397 pref.$45,000; com.$142,500 $51,877 1909.
On Sent. 19 1 9 0 9 the City of New York's municipal trolley across
1909 . . . 720,371 366,378 133,252 pref. 45,000; com. 97,500
90,626
bridge began operation. The round trip fare Is 5 cents. On Dec. 16
1908 . . . 670,897 331,663 121,677 pref. 45,000; com. 67,500
97,486 the
1909 New York A Queens County Ry. was granted a permanent franchise
to run cars over the bridge. Operation began on Feb. 5 1910. V. 90,
* Includes $10,000 sinking fund charge.
p 373. Through passengers only are carried across the bridge and no extra
ROAD.—Operates 32 miles of track, Including 10 miles of double track. fare Is charged.
Ralls, 65-lb. and over. 41 open, 39 closed and 7 semi-convertible cars;
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
total, 87.
$3,235,000 ...................
Stock, $5,000,000 ($100)_____- ....................... .
OFFICERS.— Pres., W . M. Kavanaugh; V.-P., Treas. and Gen. Mgr., Flushing A College Point first) 1895
5 g J-D
50.000
1925
D. A. Ilegarty; Sec., Geo. B. Rose; Aud., VV. J. Tharp.— V. 83, p. 38;
mortgage, $50,000, gold . . . JNew York Trust Co., Trustee.
V. 86, p. 918; V. 87, p. 414, 1664; V. 88, p. 1620; V. 90, p. 698.
Newtown Ry first mortgage,) 1894 5 g J-D
150,000 Deo 1 1924
$150,000 g old ____________ JNewBYork Trust Co., Trustee
Steinway Ry first mortgage) 1892 6 g J-J
1,500,000 July 1 1922
LONG BRANCH, N. J.
$1.500,000 ($1.000) gold.c* JInt. at MortonTrust Co., N.Y. City, Trustee.
New York A Queens County) 1896 4 g A-O
1,300,000 Oct 1 1946
MONMOUTH COUNTY ELECTRIC CO.
first consol mtg. $3, 00,000 (Mercantile Trust Co., New York, Trustee.
ORGANIZATION.— Incorporated Apr. 1 1901 as a reorganization of
gold, $1,000 each------------ j Interest at office of company. New York.
the Atlantic Highlands Red Bank & Long Branch Electric Ry. In April
4 g M-N
See text Nov 1 1936
1903 was granted a 45-year franchise to operato In Long Branch, In con First A refunding mtge. $10,-) 1906
000,000, gold ($1,000). _c*/Windsor Trust Co., New York, Trustee.
sideration of which the town Is to receive A of 1 % of gross receipts.
________
Current liabilities, matured and unmat., July 1 1910.2,672,920
STOOK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r ii y .
Of the new $10,000,000 mtge., $2,08 6,827 are deposited as collateral for
Stock, $500,000 ($50)................................................
$325,000 ..................
loans from Interborough Rap. Transit and $3,065,000 are reserved for
1st mort., $500,000 ($1001 1901
4 gJ-J
50o,000 Apr. 1 1951 prior liens. No sinking fund and bonds are not subject to call. Under the
and $ 1 ,0 0 0 ) gold.......... c*JInt. at Ham. Trust Co.. Biooklyn, Trustee. N. Y. A Queens Co. 1st cons. M. there were originally $2,500,000 bonds out
Other debts Dec. 31 1009 .................................... ..
100,068 _____
standing, but the company, having defaulted In payment of Int., reorganiza
ROAD.— Red Bank to Long Branch, 6)4 miles and 2d track, 2 >4 miles; tion was made, under which the holders surrendered $1,200,000; Interest
Red Bank to East Oceanic, 5 miles; In Long Branch, 3 miles; In Red was
reduced to 4% and the Mercantile Trust Co., N. Y., was made the new
Batik, 1 H miles; total, 18 U miles.
EARNINGS.— For calendar year 1909, passenger earnings, $92,935; net trustee. The said bonds are redeemable at 105 and Interest. V. 69. p. 906
ROAD.— The system, with the Queens Railway, embraces 74.47 miles of
receipts, $26,916; other Income, $2,310: fixed charges, $29,828; dcf., $602,
trolley track,Including main line,40.24 miles: second track, 28.96; sidings,
OFFICERS.— Pres., William F. Hogan, Brooklyn.— V. 72, p. 86, 391.
5.27. Ralls 77 to 107 lbs., standard gauge; 227 pass, cars, 32 other cars.
R E PO RT.— For fiscal years ending June 30:
LONG ISLAND CITY, N. Y.
LONG ISLAND CONSOLIDATED ELECTRICAL CDA1PANIES.
ORGANIZATION.— Entire stock Is owned by the L mg Island R R . In
corporated In New York and holds majority of stock of the Huntington RR
and entire stock of the Ocean Electric R y., the Northport Traction Co., th
Nassau County R y., the Glen Cove R R . and the Jamaica & South Shore
R R . Also owns one-half the stock (the Interborough Rapid Transit Co.
owning the other half) and bonds of the N. Y. A Long Island Traction and
the Long Island Electric Ry.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity
All owned by Long Island RR.
Stock, $25,009 ____________
Coll. tr. bonds, $10,000,0001 1905 4>4 g
None.
1046
gold, g u a r ______________ JU. S. Mtge. A Trust Co., N. Y ., Trustee
B o n d s . — Are guar., principal and Interest, by Long Island RR.
OFFICERS.— Pres., Ralph Peters; V.-P., C. L. Addison; Sec., Frank E
Had, N. Y .; Treas., J. F. Fahnestock, Philadelphia.— V. 83, p. 890.
(1) Huntington RR.
ORGANIZATION.— Chartered In 1890. Majority of the stock Is owned
by Long Island Consolidated Electrical Companies.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, $30,000 ......................... - .............................
$30,000 ...................
First
mortgage,
$30,000f 1890
5 J-D
26,000 June 1 1920
($500) _________________ c lln t. at U. S. Mtge & Trust Co., New York
(Metropolitan Trust Co , Trustee.
ROAD.— Owns and operates a cross-island line from Huntington to
Amltyvllle, via Farmlngdalo, 18)4 miles. Opened for traffic Aug. 25 1909
V. 89. p. 593.
(2) Ocean Electric Ry.
ORGANIZATION.— Incorporated May
89
Entire stock Is owned
by Long Island Consol Electrical Cos On Sep 2 1898 acquired Rockaway VH’age R R . Co.
STOCK AND BONDS.— D a t e .
n res
O s ta n d in g .
M a tu r ity .
Stock, $50,000 ($100).................- ....................
$35,000 ...................
First mortgage, $20,000 _____ 1898
5 A-O
20,000 __________
ROAD.— Owns 6.50 miles of track. 21 passenger cars and 2 others.
G ross.
N et.
O th er I n c .
I n t .& T a r e s .
D eficit.
1909-10. ..$1,029,917
$320,905
$154,223
$166,682
1908-09...
938,814
160.357
$9,434
323,950
$ 154,159
9,856
125,185
254,138
1907-08...
935,000
119,097
OFFICERS.— Pres., W . O. Wood: Sec., H. M. Fisher; Treas., J. H .
Campbell.— V. 83, p. 752; V. 84, p. 804; V. 86, p. 548; V 88, p. 375.
LOS ANGELES, CAL.
PACIFIC ELECTRIC RY. — A trolley road.— (S e e
M a p o n p a g e 68.)
In Nov. 1910 Southern Pacific Co. acquired full control, having taken over
the remaining one-half of stock formerly owned by II. E. Huntington.
V. 01, p. 1380.
In 1010 all the city lines In Los Angeles were turned over to the Los An
geles Ry. Corp. See that company below.
ORGANIZATION.—This company was Incorporated under the laws of
California In 1001. and Is a consolidation of the Los Angeles A Pasadena
Electric R y., Pasadena A Mount Lowe R y., Pacific Electric of Arizona, the
East Ninth St. R y.. the Temple St. Cable Ry. and the Brooklyn Ave. R y.,
comprising nearly all the Interurban lines In and around Los Angeles.
Owns all the stock of Los Angeles Interurban R y.. which company It also
operates under lease dated July 1 1908.
On Feb. 1 1910 the Los Angeles Pacific Co. (successor In 1905 to the Los
Angeles Pacific R a ilr o a d , which was organized June 4 1898 and owner of the
Los Angeles Ocean Park A Santa Monica R R ., V. 78, p. 342) was merged
Into the Pacific Electric Ry. V. 92, p. 188. It Is also planned to merge
the Los Angeles A Redondo Into the Pac. Elco. Ry.
STOCK A.ND BoNDS—
D a te .
I n te r e s t
o u t s ta n d i n g .
M a tu r ity .
Stock *20.009.000 ($tool ...................................
$2 0 ,0 0 0 , 0 0 0 ____
Pac.Elcc.Ry.cons.mtge, $10.-1 1902 5 g J-J
8,494,000 Jan 11942
000,000, gold ($1,000)— c /In t. at Union Tr. Co., San Fran., Trustee
Los. Ang. & Pas. M., $1.000,-1 1898 5 g J-J
1,000,090 Jan. 1 1928
900, gold, guar.r$l ,000) c*|Int. at IU. Tr. A Sav. Bk., Chic., Trustee.
Can be called at 105_____J or at Chase Nat. Bank, New York.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a t u r it y & Mt. L. mort. $500,-1
000. gold ($1.000) - ,__c*) 1000
4gJ D
$500,000 June 1 1930
Callable at 104 and Int.
JInt. at Union Trust Co., San Fran., Trustee.
Los Angeles Pacific H R 1stf 1898 5 J10-D-10
21.000 .June 10 1928
mortgage, $1,000,000 gold! Int. at Broadway Bank & Trust Co., Los
($1,000)_________________ I Angeles, Trustee; 111. Tr. & Sav. Bk.,
I Chicago, or Chase Nat. Bank, New York.
Los Angeles Pacific R R first 1 1901
5 A-O
1,454,000 April 1 1931
con intge, $1,500,000, gold )Broadway Bk. & Tr. Co., Los Ang., Trustee.
($1,000)_________________ J Int. at Crocker Nat. Bk.. San Francisco.
Los Angeles Pacific R R flrstl 1903
5 g M-S
3.323,000 Sept 1 1943
and ref mtgc, $5,000,000, jlnt. at Los Angeles Trust Co , Trustee, or
gold ($1,000).................. -c j at U. S. Mort. & Trust Co., New York.
Los Angeles Pacific C o gen) 1900
5 g J-J
1,303,000 Jan 2 1946
consol mortgage $12,500,- jlnt. at Union Trust Co., San Fran., Trustee,
000 gold ($ 1 .0 0 0 )slc fd ..c * l or at Farmers’ & Mech. Nat. Bank, Los
J Angeles, or Chase Nat. Bank, New York.
Los Angeles Her B & Red M.f 1902
5 g M-N
74,000 May 1 1942
$500 000. gold ($1,000)__ Unterest at Crocker Nat. Bk.. San Francisco
Los Ang Pac Co 1st ref intge,! 1910
4 g J-J
0,481,000 Jan 1 1950
$20,000,000, g ($ 1 ,0 0 0 ) . c ’ JUnlon Trust Co. of San Francisco, Trustee.
R o n d s . — A sufficient amount of the $10,000,000 consols Is reserved to
retire prior Issues. S i n k i n g f u n d Is $5,000 per annum,commencing Jan. 1
1907 for 5 years; then $10,000 per annum to Jan. 1 1917; $15,000 per
annum to Jan. 1 1922; $20,000 per annum to Jan. 1 1927; $25,000 per
annum to Jan. 1 1932: $30,000 per annum to Jan. 1 1937 and $35,000 annuy thereafter, said sinking fund to be used In the purchase of the bonds,
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 R y.by endorsement. A sinking fund of $10,500 per year
on those bonds began Dec. 1 1908, and bonds may be called at 105 on any
Interest date. The bonds of the Pasadena & Mt. Lowe are guaranteed,
principal and Interest, by both the Los Angeles Ry. and the Los Angeles &
Pasadena Electric Ry. A sinking fund for those bonds commences after
10 years from date of bonds of $5,000 per annum for first 5 years, $7,500
per annum for second 5 years, $10,000 per annum for next 5 years and
$12,500 per annum for remaining 5 years. These bonds may be called after
10 years on any Interest date upon 4 weeks’ notice at 104 and Interest.
Of the Los Angeles Pac. R R . 1st and ref. bonds authorized, enough arc
reserved to retire prior liens. A s in k in g f u n d began In 1908, to which $50,
000 per annum Is payable the llrst 5 years, $60,000 per annum the next 5
years, $70,000 per annum the next 5 years, $80,000 yearly the following 5
years, $90,000 per annum the next 5 years, $100,000 yearly the following 5
years and $150,000 per annum thereafter. These bonds are not subject to
call. On the L. A . Pac. C o . gen. cons, bonds, the following arc payable ann.
to a s in k in g f u n d : 1911 to 1915, 510,000 per annum; 1910 to 1920, $15,000
per annum; 1921 to 1925, $40,000 annually; 1926 to 1930, $75,000 per
annum; 1931 to 1914, $80,000 annually, and 1945 to 1946, $90,000 per
annum. Of the $12,500,000 authorized, $5,000,000 are reserved for prior
liens. Of the L. A. Pac. C o . 1st ref. mtgc., $10,656,000 arc reserved to retire
all underlying bonds and remainder for extensions. Improvements, & c .
They are subject to call as a whole or In part on and after Jan. 1 1915 on
any Int. date at 105 and Int. on 3 months’ notice. Int. payable at com
pany's office or agency In N. Y. Sink. fd. of $5,000 per annum.
ROAD.—The Pacific Electric Ry. appears to comprise (Including leased
Incs), roughly, 700 miles of track.
OFFICERS.— Pres.; W . F. Ilerrln; V .-P., Paul Shoup.— V. 80, p. 651;
V. 84, p. 1248; V. 87, p. 936; V. 91, p. 1386; V. 92, p. 188.
(1) Los Angeles Interurban Ry.— (S e e M a p o n p a g e 68.)
ORGANIZATION.— Incorporated In California on June 8 1903 and Is a
consolidation of the Los Angeles Traction Co., the Los Angeles & Glendale
Ry. and the California Pac. Ry. The Riverside & Arlington R y., the
Santa Ana & Orange Motor Ry. and the San Gabriel Rapid Tr. Ry. have
also been acquired. Stock Is all owned by Pacific Electric R y., which
latter company also operates the property under lease of July 1 1908.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y .
Stock, $10,000,000 ($100)---------- ------------- ------ $10,000,000 ---------------New mtge, $10,000,000, gold! 1903
5 g A-O
9,020,000
1943
($1,000), guar...............c& rjlnt. at Union Tr. Co., San Fran., Trustee.
Los Angeles Trac, 1st mtgc.I 1895
6 g M-N
250,000
May 1915
$250,000, gold ($ 1 ,0 0 0 )---ISt. Louis Union Tr. Co., .St. Louis, Trustee.
Los Angeles Trac 1st con M,\ 1898
5 g J-D
250,000 Dec 1 1938
gold, $250,000 ($1,000)__ JSt. Louis Union Tr. Co., St. Louis, Trustee.
Interest on both above mortgages paid at Chase Nat. Bank, New York.
Cal Pacific Ry 1st mtge, gold! 1901
5 g J-J
480,000 July 1 1941
($1,000), guar...................cJTltle Ins. & Trust Co., Los Angeles, Trustee.
R o n d s . — Of the California 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.
These bonds are guaranteed by the Los Angeles Trac. Co., both principal and
Int. See V. 75. p. 76. A s in k in g f u n d Is provided for the new $10,000,000
mtge. as follows; 1908 to 1912 Inclusive, $5,000 per annum; 1013 to 1917,
Inclusive, $10,000 per annum; 1918 to 1922, Inclusive, $15,000 per annum;
1923 to 1927, Inclusive, $20,000 per annum; 1028 to 1932, Inclusive, $25,000
per annum; 1933 to 1937, Inclusive, $30,000 per annum, and thereafter to
maturity, $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 guar
anteed as to both principal and Interest by the Pacific Electric Ry.
ROAD.— In Aug. 1910 comprised 336.33 miles of track. V. 79, p. 627,
2588; V. 80. p. 651; V. 87, p. 936; V. 91, p. 1767.
P » 3.
LOS ANGELES RAILWAY CORPORATION.
Entire $20,000,000 stock, except directors' qualifying shares, Is owned by
Mr. II. E. Huntington.
ORGANIZATION.— Incorporated In California on Nov. 7 1910 as suc
cessor to Los Angeles Ry., and has acquired all the city narrow-gauge lines
owned by the Pacific Electric Ry. and the Los Angeles Interurban Ry., and
those portions of the Los Angeles & Redondo Ry. and the California-Pacific
lty. Co. lying north of an east-and-west line running through Hawthorne
and Athens, thus comprising all the street railway business of Los Angeles.
V. 91, p. 1386. Over 25% of trackage Is on private right of way. All main
line and practically all down-town line fr a n c h is e s extend beyond 1940.
In Dec. 1910 the City Railway Co. of Los Angeles was Incorp. ($5,000,000
stock); all owned by Los Angeles Ry. Corp.), for the purpose of bulldng new
lines for the corporation. (V. 91, p. 1766.) It Is proposed to make a $5,000,
000 mtge. covering new lines when built. Owns a majority of the stock of
Pac. Light & Power C o r p . of Los Angeles.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock, $20,000,000 _________ ___
_________ $20,000,000 ................
1st & ref. Al. $20,000,000 gl 1910
5 g J-D
14,500,000 Dec. 1 1940
($1,000) sink, fund ___ c*/L os Ang. Trust & Sav. Bank, Trustee.
Los Ang. Ry. M. $5,000,000,! 1899 5 g A-O
5,000,000 Oct. 11938
gold ($1,000 each) ____ c* j Int. at co’s office, San Francisco, Cal.
Los Angeles Trac 1st M . ___ 1895
6%
250,000 May 1 1915
do
do 1st consol M
1898
5%
250,000 Dec. 1 1938
R o n d s . — Of the 1st & ref. mtge., $5,500,000 arc reserved to retire prior
liens. Int. Is payable at office of trustee, Bankers’ Tr. Co., N. Y., and by
arrangement at Anglo & London Paris Nat. Bk., San Fran. Bonds are not
subj. to call. Bonds have sk. fd. of $10,000 per month (Inol. s. f. on under
lying bonds) to be Invested in 1st & ref. bonds at 105 and Int. or less, or In
approved securities; 1st & ref. bonds purchased for s. f. to be kept alive.
V. 92, p. 262. The trustee of Los Ang. Ry. mtge. Is the Union Trust Co.
of San Fran. On 30 days' notice Int. may be made payable at the Nat.
City Bank, New York.
EARNINGS.— Of former Los Angeles Ry. properties for 10 mos. ending
Oct. 31 1910, gross, $3,475,197. For year 1909, $3,785,152.
ROAD.— Comprises 344.29 miles of track; 60, 72 and 87-lb. rails. Owns
552 cars, which are being reconstructed into P-A-Y-E type, and all lines
will be operated with this type by Sept. 1 1911; 100 additional P-A-Y-E cars
arc ordered for delivery In March 1911; also has 32 open cars for special
8Uminer use.
OFFICERS.— Pres., II. E. Huntington; V.-P. & Gen. Mgr., Howard
Huntington; Sec. & Trcas., C. A . Henderson.— V. 91, p. 1254, 1386, 1767;
V. 92, p. 187, 262, 395.
California Gas Co. Has contract to purchase stock In the Sierra Power Co.,
which has $8,000 bonds out; the Mentone Power Co. has $37,000 bonds out.
ORGANIZATION.— Incorporated In California on Jan. 12 1910 as a
re-incorporation of the Pacific Light & Power C o . In order to provide addi
tional capital. V. 90, p. 240. The Pacific Light & Power C o . had absorbed
the San Gabriel Elec. Co. and the San Bernardino Gas & Elec. Co. Sup
plies power to the Los /Angeles R y. Co., the Pacific Elec. R y. Co., the Los
Angeles Interurban, the San Bernardino ValleyTrac. Co., the Los Angeles &
Redondo Ry. Co. and the Riverside & Arlington Heights R R . Co. and
does a general lighting and power business In Los Angeles and vicinity
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g . M a t u r i t y
Common $25,000,000 ($100). 12,042,500 ...................
1st pf$5,000,000 6% cum ($100)____
*...............
2,042,500 __________
2d pref $10,000,000 ($ 1 0 0 ) ___ __
1 0 0 0 0 , 0 0 0 ...................
Pacific Light & Power Co.l 1902
5 g J-J
*8,826,000 July 1 1942
first mortgage $10,000,000)Int. at Union Trust Co., San Fran., Trustee,
gold ($1,000)----------------c*J or Nat. Bank of Commerce. New York.
Ont & San Ant Hts 1st mtge! 1910 6 g F-A
492,000 Feb 1 1935
$1,000,000 gold ($1,000) c ’ JInt. at Southern Tr. Co.. Los Ang.. Trustee
Pac Lt & Pow C o r p coll tr Ml 1910
6 J-J
2,000,000 July 1 1915
$3,000,000 g ($1,000) _-C*j Trust Co. of Amer., N. Y ., Trustee.
*$2,350,000 of outstanding bonds were guaranteed, prin. and Int., by
Los Angeles R y. V. 86, p. 55.
R o n d s .— Of the Pac. Lt. & Pow. C o . 1st M. $347,000 are reserved to retire
a like amount of bonds of the San Gabriel Electric Co., $747,000 have been
retired by sinking fund and $80,000 remain In treasury. Only $2,350,000
of the bonds are guaranteed (p. & 1.) by Los Angeles Ry. V. 86, p. 1227.
Bonds cannot be called. A s in k in g f u n d commenced on Jan. 1 1905 of
2% of bonds outstanding for first 5 years and on and after Jan. 1910 2H %
until and Including Jan. 1 1942, said fund to be Invested in the bonds at
not more than 110; otherwise In other securities. Ontario & San Antonio
Heights bonds subject to call at 101 and Int. after 3 years from date. Sink,
fund after 1st 3 years, 1% of outstanding bonds for 5 years; thereafter 2%
& Int. on bonds retired. V. 90, p. 1296. Pac. Lt. & Pow. C o r p . coll. tr.
bonds red. at 102 Vi on any Int. date. Bonds are convertible on any Int.
date Into 1st M. bonds of Southern Calif. Gas Co., either taking a 6% 40-yr.
bond at par or a 5% 40-yr. bond at 90. Bonds are additionally secured by
deposit of $4,000,000 So. Cal. Gas Co., 1st M. bonds. See description of
bonds and properties in V. 91, p. 1769.
PLANT. —Generates electricity for light and power. Present generating
capacity, 43,000 h.-p. Water power, also steam plant. In Los Angeles.
Has 13,500 h.-p. plant on Kern River, 125 miles from Los Angeles. Two
separate transmission lines running the entire distance are used. Hydraulic
plants at Azusa, at San Antonio, at Mentone and at Riverside. 20,000 h.-p.
steam plant at Redondo. V. 86, p. 55. Additional 35,000 h. p. being in
stalled at Redondo. Also owns Ontario & San Antonio Heights R R .,
which operates 7 Vi miles from Ontario through Uplands to San Antonio
Heights. An extension from Uplands to Pomona Is under construction.
OFFICERS.— Pres.. William G. Kerckholl: V .-P .. H. E Huntington;
Compt., A. N. Kemp: Gen. Mgr., A. C. Balch.— V. 86, p. 55, 671, 1227:
V. 90, p. 240, 632, 703; V. 91. p. 155, 1769.
(a) Southern California Gas Co.
Pac. Lt. & Pow. Corp. owns a majority of the common stock.
ORGANIZATION.— Incorporated In Oct. 1910 In California and took
over the property of the Domestic Gas Co.
STOCK AND BONDS—
D a le .
In terest.
O u ts ta n d in g .
M a tu r ity .
$6,000,000
...............
Common, $6,000,000 ($ 1 0 0 ) ..............................
Pref. $4,000,000($100)6% cum.......
None.............- - - - - - -
1950
1 st M $10,000,000 g ($1,000)1 1910
M-N............ See text
sinking fu n d ____________ J Trust Co. of Amer., N. Y ., trustee.
R o n d s arc subj. to call In and after 1915 at 105.
Int. payable In N \ .
Sk. fd. sufficient to retire over 2-3 of issue before maturity. $4,000,000 of
bonds have been pledged as security for Pac. Lt. & Pow. C o r p . coll tr. bonds
and $6,000,000 are reserved for future additions and betterments.
PLANT.— Owns a modern gas plant, 4,000,000 cu. ft. capacity per day.
195 miles of mains.
OFFICERS.— Pres., W . G. Kerckhoff; Sec., L. M. Farnham; Treas. &
Compt., A. N. Kemp.— V. 91, p. 1777.
LOS ANGELES & REDONDO RY.— A trolley road
In Nov. 1910 Southern Pac. Co. acquired entire capital stock. V. 91,
p. 1767. It is planned to ultimately merge this company into the Pac. Elec.
Railway.
INCORPORATION.— Incorporated In California. Capital stock was In
creased In Oct. 1907 from $500,000 to $5,000,000.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $5,000,000 ($100)...........................$5,000,000
............. 1st mortgage, $500,000, gold! 1902 5 g J-J15
500,000 Jan 15 1932
($1.000).............. ............c ’ jln t. at Union Trust Co.. San Fran. Trustee.
General mortgage $5,000,0001 1908
5 g A-O
4,494,000 Oct 1 1958
gold ($1,000).......................j Interest at Los Angeles Trust Co., Trustee.
R o n d s . — $500,000 gen. mtge. bonds are reserved to retire first mtge
bonds. V. 90, p. 236. Sinking fund of $2,500 annually first 5 years1
jncreasing $2,500 each 5 years thereafter, Is operative on gen. mtge. bonds.
EARNINGS.— For year endlngJune.30 1910,gross, $730,909; net, $241,
856. In 1908-09, gross, $532,076; net, $167,928.
ROAD.— Operates 84.86 miles of track. Gauge 3 Vi feet. Operated by
electricity. Cars equipped with 4 motors of 60 h.-p. each. Passenger
cars, 44; freight and miscellaneous, 105.
OFFICERS.— Pres., Paul Shoup.— V. 87, p. 415; V. 90, p. 236; V. 91,
p . 717, 1767.
__
LOUISVILLE, KY.
LOUISVILLE TRACTION CO.—A holding company.
ORGANIZATION.— Incorporated In New Jersey on July 5 1903, and
acquired practically all of the stock of the Louisville Ry. Co Holders of
common stock of Louisville R y., 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% In common
The new com
pany provided the Louisville Ry. Co. with needed money to be used for
Improvements, the railway company Issuing $1,100,000 common stock
therefor. See V. 79, p. 968. In April 1907 authorized common stock
of the Traction Co. was Increased from $12,000,000 to $15,000,000. V. 84,
p. 931. In April 1908 preferred stock was Increased from $2,500,000 to
$3,500,000 and the additional $1,000,000 olfered to stockholders at par, all
of which was taken.
The old Louisville R y. Co. was Incorporated Jan. 22 1867, and is a Ken
tucky company, owning all the street railways In the city of Louisville and
Its suburbs. It has $5,500,000 common stock and $2,500,000 r referred
stock, practically all owned by the Louisville Traction Co. Franchises
are partly for 99 years and partly perpetual.
The Louisville & Interurban Ry. has been organized In the Interest of
the Louisville Ry. to construct a system of urban and Interurban lines. It
has been authorized to borrow $3,000,000. Up to Sept. 1910 no securities
lias been Issued except $1,500,000 stock to Louisville Ry. Co. In Jan. 1911
the Louisville & Interurban R R . acquired the Louisville & Eastern R R . (all
of whose bonds .construction notes, receiver’s ctfs., &c., and about all the
stock, was owned by Louv. & Inter.), sold at foreclosure on Jan. 3 1911.
V. 92, p. 59, 262. It Is expected that Loulsv. & Inter, will shortly Increase
stock to $2,500,000 or $3,000,000.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
Q-J $11,889,700 Ja n .’ l l , 1%
Common, $15,000,000 ....................
Pref., 5% cum., $3,500,000 . - - A-O
3.500.000Oct.’ 10.2H%
Louisville Ry gen mtge, gold,! 1910
5 g F-A
1,500,000 Feb 1 1950
$20,000,000 ($1,000).........Jlnt. at Fidelity Trust Co., Louisville, Trustee
Louisville R y. cons. M., gold.( 1890
5 g J-J
5,997,300 July 1 1930
$6,000,000 (listed N Y) c •( Interest payable by Sellgman & Co., N. Y.
I Fidelity Trust Co., Louisville, Trustee.
Louisville Ry 2d mtgc. $2,- 1 1900 4 H k M-S
2,000,000 Mch. 1 1940
000,000, g ($ 1.00 0)______lint, at Columbia Tr. Co., Louisville, Trustee.
R o n d s . — $8,000,000 of the gen. M. bonds of 1910 are reserved to retire
prior Hens: the remainder Is for extensions and Improvements. Bonds are
not subject to call.
D iv i d e n d s .— On Traction pref., 5% per annum.
On com. the first semi
annual dividend, l V i % . was paid Oct. 1 1904. In 1905, 3% . In 1906,
PACIFIC LIGHT & POWER CORP. OF LOS ANGELES —
4% . In 1907, 4% . In 1908, 3% . In 1909, 4% . In 1910, Jan., 1%;
April, 1%; July. 1%; Oct., 1% . In 1911, Jan., 1% .
A majority of the stock Is owned by Mr. II. E. Huntington.
ROAD.— Owns 165 miles of track on 7 2 Vi miles of street, with 13 Vi miles
Owns all the stock of the Ontario <fc San Antonio Heights R R .,thc Men
tone Power Co. and the Riverside Power Co.; also controls the Southern outside city limits; all is electric. Affords entrance Into Louisville or the
Louisville A Northern R y. A Lighting Co. and Louisville & So. Ind. Tract.
Co. The Louisville & Interurban operates 102 miles of track In Jefferson
County, with extensions to La Grange and to Shelbyvllle.
REPO RT.— Of Louisville Railway Co. for fiscal years ending Deo. 31.
Annual meeting third week In February.
Y ea r—
Y ear—
1910.
1909.
1910.
1909.
Gross earns__ $2,899,464 $2,702,923 Interest pald. $436,649
$385,385
Net (aft. taxes) 1,028,790
918,449 D lvldends__
670,650
670,650
Other Income.
178,256
169,278 Bal., surplus.
*99,747
*31,692
*In 1910 there was deducted bond discount $16,000; deprec'n, $30,000 and
accident reserve $35,000, leaving $18,747. In 1909, $25,000 was deducted
for accident fund, leaving $6,692.
OFFICERS.— Pres.. T. J. Minary; V .-P ., A. P. Humphrey; Sec. and
Treas., Samuel G. Boyle. V. 86. p. 168, 857; V. 87. p. 544; V. 88. p. 375,
506, 564, 686, 823; V. 90, p. 167, 372, 503, 977, 1101; V. 92, p. 59, 262, 322.
pleted In Sept. 1905. Has a contract with "Big Four” R R . for the use
of Its bridge over Ohio River and with Louisville Railway Co. allowing Its
cars to enter Louisville. Has erected an Interurban terminal on Third St.,
Lo,£o£lT
1}? ™ S ,rder ralls- 90 lbs-- T rails 75 and 77
lbs.
OFFICERS.— Pres. Samuel Insull. Chicago: V.-P. and Treas., R. W.
Waite; Sec., F. J. Strattor; Gen. Mgr., Martin J. Insull.— V. 81, p. 1792.
L O W E L L ,
M A S S .
LOWELL & FITCHBURG STREET R Y . - A trolley road.
T ^ / “ “ “ -— Default occurred In payment of Interest on July 1 1008. In
June 1909 a protective committee of the Lowell A Fitchburg E l e c t r i c Co.
undertook to raise funds to pay off floating debt of Lowell A Fitchburg St.
Ky. bee V. 88, p. 1560. None of debt, however, has been paid.
ORGANIZATION.— Incorporated In Massachusetts In 1903.
STOCK AND BONDS—
D a te .
I n terest.
O u ts ta n d in g .
M a t u r ll y
Stook, $275,000, $ 1 0 0 _______
$275 000
5 g J -Y
2 7 5 , 0 0 0 Jan. 1 1 0 2 6
First mortgage. $1 000,000/ 1906
gold ($1 000) no s f ----------lin t, at Un. Sec. L .I.A Tr. Co., Phlla., Trust.
Are subject to call at 105 and Interest on any Interest date.
EARNINGS.— For 9 mos. ending June 30 1910, gross, $32,302; surplus,
from operation, $2,958; other Income, $55; charges, $11,932; deficit, $8,919.
ROAD.—-Operates 14 miles from Lowell, where It connects with the
Lowell system, to Ayer, where connection Is made with the Fitchburg A
Leominster Street Ry. Also a branch, about 5 miles, from North Chelms
ford to Westford. 9 cars; 1 snow-plow.
OFFICERS.— Pres., James W. Green, Ayer; Sec., C. Parsons, Ayer;
Treas., Jeremiah Wood.— V. 83, p. 38; V. 88. p. 1560.
I N D I A N A P O L I S & L O U I S V I L L E T R A C T I O N C O . — A trolley road.
ORGANIZATION.— Incorporated In Indiana In 1905 under the general
railroad laws. Franchises In cities and towns are for 50 years from 1905;
remainder Is on private right of way.
STOCK AND BONDS—
D a le .
In terest.
O u ts ta n d in g .
M a tu r ity .
Common, $2,500,000 .......... ..
------------ $2,500,000 __............... ..
Pref, $500,000($100)___________ ________
100,000 ............. ..
1st mortgage. $1,250,000, g\ 1906
5 g A-O
1,250.000 April 1 1936
($1,000) ........................... c* lin t, at Colonial Trust Co.. Plttsb., Trustee
Second mortgage, $600,000__ _____
_______
400,000 __________
B o n d s . — On 1st mtge. bonds a s in k in g f u n d of 5% per annum of gross
earnings commences April 1 1916. They are subject to call on any lnt. date
at 105 and lnt. $400,000 2d mtge. bonds were issued in lieu of coll, trust
notes of 1907. V. 89, p. 1668.
M cA L E S T E R , O K L A .
EARNINGS.— For year ending Deo. 31 1910, gross, $123,894; net, $50,
CHOCTAW RAILWAY & LIGHTING CO.
353. In 1909, gross, $110,090; net, $36,624.
incorporated
In June 1905 as successor to the
ROAD.— 40.9 miles of track from Sellersburg (from which point cars
are run Into Louisville over tracks of Louisville A Northern Ry. & Ltg. Co.) Indian Territory Traction Co. and Choctaw Electric Co. Does a freight
turnI.
s
hes
P°wer
for
lighting.
Light and power franchise
to Seymour, from which place It enters Indianapolis over the tracks of the
Ind. Col. A South. Through cars from Louisville to Indianapolis were put perpetual; railway franchise expires In 1 9 4 2 .
—
D a le .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
In operation In 1908. Standard gauge; 75-lb. T-ralls.
$713 500
OFFICERS.—Pres., Jerome Hill Jr., Louisville; V .-P., Wm. Fllnn, Stock, com., $750,000________ _____
.............
Pda’ Krm ...................
Pitts.; Sec. A Treas., Jas. C. Chapin, Pitts.; Mgr., Martin J. Insull, New Preferred, $250,000.............. ...................
mtge. $1,500,000 goldl 1908
5 M-S '
843,500 M ar.Tl038
Albany, Ind.; Supt., H. D. Murdock, Scottsburg, Ind. General offices, ist($500
and $1,000) ---------- /McAlester Trust Co., Trustee”
Scottsburg. Ind.— V. 83, p. 155, 562, 1290; V. 85, p. 793; V. 89, p. 1668.
B on d s.
Interest Is payable at Colonial Trust & Sav. Bank. Chicago*
Nat. City Bank N. Y and Mercantile Trust Co., SL L o u l^ Bonds a?e
L O U IS V IL LE & NORTHERN R A IL W A Y & LIG H TIN G .
subject to call after 1913 at 105. Remaining bonds may be Issued* under
ORGANIZATION.— Incorporated under the general railroad laws of certain restrictions, for additions and acquisitions. V. 88, p 1619
Indiana In Dec. 1905 $900,000 of the $1,000,000 stock of the United
EARNINGS.— For calendar year 1910, gross, $197,905; net ,$63,113;
Gas A Electric Co. and $232,700 stock of the New Albany Water Works 1909, gross, $167,767; net, $74,290.
’
’
Co. are deposited under this company’s mortgage. Has purchased the
ROAD.— Operates In cities of McAlester and Hartshorne, and an Inter
electrical equipment of the Kentucky & Indiana Bridge Co., and leases the urban, over private right of way, between the two cities. 23.26 m. of track.
bridge for 25 years, thus affording Independent entrance Into Louisville. Standard gauge; rail, 66-70-lb. T. 12 passenger cars, 7 other cars.
Company does electric lighting and express and freight business In addition
OFFICERS.— Pres., William Busby McAlester; V.-P. A Gen. Mgr., L. E.
to passenger business. Road Is mainly on private right of way.
Fischer; Danville, 111.; Sec. A Treas., C. W. Dawley; Aud., I). R. Stephens,
McAlester.— V. 78, p. 2334; V. 80, p. 2458; V. 81, p. 264; V. 86, p. 546;
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
_______ _
V. 88, p.1619.
Common, $3,500,000 .................. ..
............... $3,500 000
Pref, $1,500,000, series A & B __
Q-J
1,500!000
See text
1st mortgage, $2,500,000, gf 1905
5 g J-D
500,000 Dec. 1 1925
M
cK e e s p o r t , p a .
($500 and $1,000)..........c*l lnt. at Amer. Tr. & Sav. Bank, Chicago,
PITTSBURGH McKEESPORT & WESTMORELAND RY
l Trustee, or at Eliot Nat. Bank, Boston.
ORGANIZATION.— Incorporated In Pennsylvania In 1906, and on
B o n d s . — Unissued bonds can only be Issued for 80% of cost of property
Jan. 29 1910 took over the Plttsb. A Westmoreland Ry. Co. (V. 00, p .l l l ) ,
built or acquired. Are subject to call at 105 and lnt. V. 82, p. 868.
S t o c k . —The Series A pref. stock is 6% cum., the Series B is cum. and exchanging, bond for bond,with the exception that the coupons for 3 years
Is cut tied to 2% in 1906, 3% In 1907, 4% In 1908, 5% In 1909 and 6% In from Dec. 1 1908 have been removed and placed with a fiscal agent for collec
tion or cancellation, as the case may be, depending upon the sufficiency of
1910 and thereafter.
earnings. All but about $2,500 bonds (out of total Issue of $350,000) have
D iv id e n d s . — Dividends from July 1 1906 on both classes of pref. stock
were paid at rates called for up to April 1909, when % % was paid on both been exchanged.
F r a n c h is e s perpetual and permit the carrying of freight and coal.
classes; same amount quar. since to and incl. Jan. 1911.
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
ROAD — Operates 20 miles of track, Louisville to Charlestown, with a
................
$500,000
line branching off at Watson and running to Sellersburg. At Sellersburg Stock, $2,000,000 ($50)....................
1st
mortgage
$2,000,000
gold/
1906
5
g
J-D
431,500
Dec.
1 1936
connects with the Ind. & Loulsv. Traction Co., running to Seymour, where
($500 and $1,000)______c*(Interest at Harrisburg Trust Co., Trustee.
connection Is made with the Ind. Col. & So., thus forming a through line
B o n d s . — Bonds have no sinking fund, but are subject to call at 110 and
between Louisville and Indianapolis. The line from Louisville to Charles
V. 89, p. 994.
town will form part of a through line between Louisville and Cincinnati. lnt. on and after Dec. 1 1916.
ROAD.— Runs between Irwin and McKeesport, about 11 miles, using
Standard gauge. 70 lb. T rail.
West
Penn
R
y.
Into
McKeesport.
Road from McKeesport to West New
OFFICERS.— Pres., Samuel Insull, Chicago; V .-P. and Treas., R . W
Waite; Sec., F. J. Strattor; Gen. Mgr., Martin J. Insull.— V. 82, p. 509, 808. ton, via Irwin, and an extension from West Newton to Hermlnle expected
to
be
In
operation
In
spring
of
1911.
Gaguc, 5 ft. 2 hi Inch. 7fi-lb. T rail
'll United Gas & Electric Co.
and 73 and 90-lb. girder.
ORGANIZATION.— Incorporated In Indiana In 1902 and acquired the
OFFICERS.— Pres., Manning Stlres, McKeesport; V.-Ps., I. I. Robert
New Albany Gaslight & Coke Co., New Albany Light, Heat A Power Co son, West Newton, and Andrew Peck, Bklyn, N. Y.; Treas., George D.Cook,
Jeffersonville Electric Light, Heating, Gas A Coke Co. and Jeffersonville 71 Broadway, N. Y.; Sec., A Asst. Treas., Geo. Baehr, West Newton.
Light A Water Co.; also controls the Louisville A Southern Indiana Traction — V. 83, p. 493; V. 85, p. 346; V. 87, p. 1421; V. 88, p. 565; V. 89, p. 994;
Co
Does entire gas and elertrle-lfghtlne business In New Albany and V. 90, p. 1
1
1
. ________ ________
Jeffersonville, and supplies also Port Fulton, Silver Grove, Clarksville,
Charleston and Sellersburg. F r a n c h is e s , 45 years In New Albany and 50
M A C O N , G A .
years In Jeffersonville from 1902; In other towns from 20 to 40 years. Guar
MACON RAILWAY A LIGHT CO.
antees the $250,000 first mortgage bonds of New Albany Street R y. Co.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
ORGANIZATION.— Incorporated In Georgia on Oct. 23 1902 by the
$1,000,000 .................
Stock, $1,000,000 ($100)......................................
Railways A l ight Co. of America as a consolidation of the Macon Consoli
First mortgage $750,000 ($ l.-f 1902 5 g J-J
736,000 See text.
dated Street R y.. the Macon Electric Light A R y., the North A South
000) gold ______________ c*( Interest at American Trust & Sav. Bank, Macon Street Ry. and the Metropolitan Street Ky. The city ordinance per
l Chic., Trus., and at Eliot Nat. Bk., Bost. mitting the consolidation, passed on Sept. 16 1902, granted a 50-year
First consolidated mortgage 1 1904
5 g J-J
See text
See text.
fra n c h is e .
For terms, see V. 75, p. 733.
$1,500,000 gold ($500 and ^Interest at American Trust & Savings Bank
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a t u r it y .
$1,000)......................
c*J Chic., Trus., or atEliot Nat. Bk.. Boston. Common.
$900,000 ($100)........................................
$900,000Jan ’ 11 1 'A %
Notes $500,000 6% gold ($1,-1 1907 6 F-A
440,000 Aug 11912 Pref., $300,000 ($100) 6 % c u m ___
6 A-O
300,000Scpt.’ l0. 3 %
000. $500 and $100)........ c/In t. at Central Tr. Co. of 111., Chic.,Trustee
Mac Ry A Lt first cons mtge gj 1903
5 g J-J
1,000 000 Jan. 11953
H a n d s. — S736.000 new consols are reserved to retire a like amount of
$1,000,000 ($1,000)----- c*\lnt. at Tr st Co. ofA m .r ca. N.Y.. Trustee.
first 5s; $365,000 are reserved for future betterments and Improvements
Klee Lt A Ry first mtge) 1890
6 g J-J
42,500 Jan. 1 1929
$385,000 are outstanding to secure the note Issue and $14,000 have been Mac
$100,000 i$500) gold-----e*lln t. at Bowling Grten Tr. Co., N. Y. Trust.
retired. Both Issues mature serially from 1907 to 1942, but the bonds of
B o n d s . — Mac. Ry. A Lt. 1st consols are subject to call on any Interest
1902 may be called after July 1 1912 at 105 and Interest; the new consols
at 110 and lnt. $41,000 bonds and $28,700 stock are held by
after July 1 1924 at 105 and Interest. See V. 79, p. 2458. The 1907 notes date
Trust Co. to retire the $42,500 bonds remaining out. See V.
are secured by 110% of the 1904 consolidated mortgage bonds. Can be Savannah
76, p. 212.
called at 101 and Interest on 30 days’ notice. Unissued notes are reserved
D iv i d e n d s . — 6% per annum has been paid on preferred 1903 to 1910
for future Improvements. V. 85, p. 1466.
Inclusive. On com. 1st dlv.— 3% — paid July 1910; Sept., 1 ^ % . In
EARNINGS.— For years ending May 31:
1011f J an •, 1 3^2% •
1910
1908.
1907.
1906.
ROAD.— Owns and operates about 3 2 X miles of track, all of which has
Gross earnings...............................$305,620 $280,781 $269,987 $263,220 been re-latd with 70 lb rails.
170,309
173 534
Operating expenses and taxes___ 1 8 8 , 0 1 1 170,709
REPORT.— For years ending Dec. 3t:
Net earnings................................ $117,618
Interest........ ..........
66,484
$110,072
52,404
$99,678
46,499
$89,686
46,641
Balance
............................... $51,134
$57,668
$53,179
$43,045
OFFICERS.—Pres., Samuel Insull, Chicago: V.-P. and Treas., R. W.
Waite; Sec., F. J. Strattor; Gen. Mgr., Martin J. Insull; Supt., J. W.
Dunbar. V. 80. p. 1236; V 8 1 . p. 1794; V. 82, p. 871; V. 85, p. 737, 1466
(a) Louisville & Southern Indiana Traction Co.
ORGANIZATION.— Incorporated In Indiana under the General Railroad
Laws In 1903, and Is successor to the Southern Indiana Interurban Railway
Co•„ Leases the New Albany Street Railway Co. for 25 years from Aug. 1
1903 (with privilege of renewal for 25 years) at a yearly rental of $500, the
lnt. charges and taxes and divs. of 4% on $100,000 preferred stock. V. 77,
n. 769. In Sept. 1904 acquired the Highland RR. Tor 110,000 In bonds;
V. 79. p. 1643. In Dec. 1905 acquhed the Jeffersonville City Ry. See V.
81. p. 1792. Is controlled by the United Gas A Electric Co., which see
above. F r a n c h is e s owned are for 50 years: also permitted to carry freight.
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Common, $2,000,000 ($ 1 0 ).................................... $2,000,000 .....................
Pref 6% cum. $1,000,000 ($ 1 0 ).......
................
434,980 _________
First mortgage $1,000,0001 1003
5 g M-S 15 1,000,000 Sept.15 1923
gold ($500,000 and $1,000) lint, at Amer. Trust & Sav. Bank, Chicago.
c* ___________ _________ -J and U. S. Trust Co., Louisville, Trustees.
New Albany St. Ry $250,000J 1902
5 F-A
250,000 Aug. 1 1927
($1,000) guar ptln A Inter) lot. at U. S. Trust Co., Louisville, trustee.
B o n d s .— No sinking fund, but bonds are subject to call after 10 years at
105 and Interest. See V. 77, p. 769, 2339. The New Albany Street Ry.
bonds are subject to call on any Interest date at 105 and Interest and arc
guaranteed by United Gas A Electric.
ROAD,— Operates 33 miles of track, Including 10>S miles leased from
New Albany Street R y., and also line between New Albany and Jefferson
file, and city lines In Jeffersonville. An extension to Louisville was com
C a le n d a r
Y ea rs—
C ross
e a r n in g s ,
N et
e a r n in g s ,
ln t. and
D tv .o n
ta x es, p r e f.( 6 % ) .
O th er
exv.
B a la n c e ,
s u r p lu s
} 999- ...............*178 618 $67,490 $17,016 $107828 $83T275
1908--------------- 358,018
159,633 65,817
17,016 22 911 53 889
O F F IC E R S.-P res.. W J Massee: V.-Ps.. M. Felton Hatcher and J. C
Walker: Sec. and Treas., M. G. Ogden; Gen. Mgr.. J. T. Nvlian.— V. 78, p.
348; V. 81, p. 508; V. 85, p. 1005; V. 86, p. 421, 1664; V. 89 p. 529 V? 01
p. 945.
M A D IS O N ,
W IS .
SOUTHERN WISCONSIN RAILWAY CO.—A trolley road.
ORGANIZATION.— Successor to the Madison A Interurban Traction Co.,
which was Incorporated In Jan. 1905, and on Sept. 1 1905 purchased the
n,amrf)tV£rf r t i?n F°Vni 9 CiVoaSHself successor to the Madison Electric Ry.
F r ^ v c i r t c AX
Mnen'A\rTvI’ 1938 and 1044. and are practically exclusive.
stock $?o£ooo
D a teI n ,e r e s tM u tu r ilv Vlad *
18* “ ‘ S®],1? 08. s « M -N "
685,000 May* V I 931
$685,000 gold ($1,000) o f lnt. at Citizens’ Sav. A Tr. C o.. Cleve.. Trus.
nno?00,000
1? 07. „ 5 ? J' J
500,000 June25 1932
----- at; Merch. Loan & Tr. Co., Chic., trustee.
B o n d s .— Mad. & Intent. Trac mtge. was for $1,200,000, but mtge. was
closed and only $685,000 Issued, the balance being canceled. Whole Issue
callable on any lnt. date at 102 and lnt. on 60 days’ notice; no sink, fd
Of
the gen. mtge., $685,000 are reserved to retire above prior liens.
ROAD.— Owns 14 miles of standard-gauge track, Including lines In Madi
son, and extension to Fair Oaks, Elmslde, Lake Park Cemetery and South
Madison.
(
REPORT.— Year ending Dec. 31 1910, gross, $179,269; net. after taxes,
$88,225. In 1909, gross, $162,550; net, after taxes, $80,791.
OFFICERS.— Pres., F. W. Montgomery; V.-P . Dudley Montgomery.
Sec. and Treas., Warren Montgomery; Supt , D. Montgomery.— V. 72. p
438: V. 73, p. 494, 663; V. 79, p. 501; V. 80. p. 1174; V. 83. p. 96, 156.
STOCK AND BONDS.
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
M A N C H E S T E R , N . H .
$310,700 __________
Stock $330,000 ($100)..................................
MANCHESTER TRACTION. LKIHT & POWER CO.
First mortgage $330,000 goldl 1900
5 g J-J
300.000
See text.
($1,000)---------------------- c* jln t. at 1st Tr. & Sav. Bk.. Chicago, Trustee.
ORGANIZATION.— Incorporated In 1001 In New Hampshire and com
6%
100,000 __________
prises the several light, power and street railway properties In and acround N otes......................................., ____
B o n d s .— The 1st mtge. bonds are due $10,000 annually on Jan. 1 from
Manchester. The company owns the stock of the Manchester Klectrlc Co.,
which controls the Manchester Klectrlc Light Co. and the Manchester Street 1908 to 1920, Inclusive, remaining $210,000 on Jan. 1 1921. These bonds
Ry.- also owns entire $175,000 stock of the Manchester & Derry Street Ry. are subject to call at 105 and Int.
EARNINGS.— For cal. year 1910, gross, $141,009; net, $45,608; fixed
Manchester St. Ry. stock now authorized and Issued, $1,219,500.
In June 1006 Manchester Traction Light & Power acquired the entire charges, $21,086; surplus, $24,522.
ROAD.— Operates 15 miles of track In and between Mattoon and Charles
$200,000 (now $240,000) capital stock of the Golfs Falls Lltchlleld & Hudson
Street Ry. (name changed In Feb. 1907 to Manchester & Nashau Street ton. 70 and 72-lb. T rail. Standard gauge. Also does electric light and
Ry.) and Issued $350,000 stock to pay for the same and to provide cost of power business In Mattoon, Charleston and Kansas.
OFFICERS.— Pres., M. E. Sampsell, Chicago; V .-P., and Gen. Mgr.,
Improvements, &c. See V. 82, p. 1380.
In Nov. 1908 the Comm, authorized the Manchester Trac. Lt. & Pow. Co. Chas. H. Cox, Mattoon; Treas., It. B. Donnelly, .Mattoon.— V. 85, p. 601,
to Issue $400,000 additional stock to take over the stocks of the Manchester 654; V. 87, p. 1664; V. 88, p. 52; V. 91, p. 655.
& Nashua St. Ry. and the Manchester & Derry St. Ry.
At the same time
the Comm, authorized an Increase of $40,000 In stock of the former com
M A U C H
C H U N K , P A .
pany and $50,000 Increase In latter company’s stock. V. 87, p. 1420.
CARBON TRANSIT CO — A trolley road.
F r a n c h is e s perpetual.
ORGANIZATION.— Incorporated In July 1908 In Pennsylvania as a re
STOCK—
D a te . I n te r e s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $5,000,000 ($100)................
Q-J
$2,800,000 JanIG’ 11,2% organization of the Carbon Street R y.sold at foreclosure sale May 16 1908.
First consol mtge, $2,000,000,1 1901 5 g A-O
1,750,000 April 1 1921 Property Is being Improved by reconstruction, new equipment, &c., In
the development of Flagstaff Park on Flagstaff Mountain, which Is
gold ($1,000)__________ c*\Interest at American Trust Co., Boston, Tr. cluding
850 feet above and overlooks the picturesque Mauch Chunk.
Manchester Electric Light Coi
STOCK AND BONDS.—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
first mortgage $ 2 50.0 00.../ 1897 5 g A-O
250,000 Oct. 1 1917
.................
$150,000
____
Goffs Falls Lltch * Hud 1st MI 1900 5 g J -D
200,000 June 1 1926 Stock, $150,000 ($50).......................
5 g F-A
150,000 Aug 1 1938
gold $300,000 ($1,000)___ \Interest at American Trust Co., Boston. Tr. 1st mtge $150,000 ($100 and/ 1908
$500) gold____________ c*(Int. at Mauch Chunk Tr. Co., Mauch Chunk,
125,000 Dec 11927
Man & Derry St Ry 1st mtge, 1 1907 5 J-D
l Pa., trustee.
$500,000 ($1,000), guar— JInt. at American Trust Co., Boston, Trustee.
Second mtge 5100,000 gold/ 1910
5 g J-D
None. June 1 1940
B o n d s .— Of the new first consolidated mortgage $250,000 arc reserved to
($100 and 5500)________ c*/ Int. at Mauch Chunk Tr. Co., Trustee.
retire the bonds of the Manchester Klectrlc Light Co. The Goffs
Current
liabilities
Dec.
31
1
9
1
0
___
_______
$22,610
__________
Falls Litchfield <5: Hudson and the Manchester & IJcrry St. R y. bonds
B o n d s .— First mtge. bonds may be called at 105 and Int. on any Int. day
are guar. prln. and Int. by Man. Trac., Lt. & Power Co.
ROAD.—-The different roads com >oiled comprise 64.058 miles of track as after Aug. 1 1913. Second mtge. bonds are red. In any amount on any Int.
follows: Manchester Street R y., 41.368 miles; Man ester & Nashua St. dav after June 1 1915 at 105.
EARNINGS.— For calendar year 1910, gross, $48,973; net, $12,572;
Ry. (formerly Golfs Falls LItch. & Hud. St. Ry.) 14.335 miles; Manchester
Interest and taxes, 59,029; surplus, $3,543.
& Derrv St. R v., 8.355 miles.
ROAD.— Comprises 12 H miles of track; 24 cars. Owns about 425 acres
D iv i d e n d s .— First dividend of 3% on July 15 1901, In 1902. 6% ; In 1903
(changed to quarterlyi, 7 H %; In 1904, 6 % : In 1905, 6 %: In 1900, 7 % : In of valuable real estate, Including 75 acres on “ Flagstaff Heights.”
OFFICERS.—
Pres., Val. Smith, Waynesboro: V .-P ..C . II. Latta, Bethle
1907, 8 H % ; 1908, 8% ; 1909, 8% ; In 1910, 8% ; In 1911, Jan., 2% .
hem; See. and Mgr., J. F. Gclscr, Mauch Chunk; Treas., Jno. M. Wolff,
REPORT.— Of the Manchester Street Ry. for years ending June 30:
Waynesboro.— V. 90, p. 1674.
.
G ro s s
N et.
I n t .A T a x . ' D iv i d e n d s . S u rp lu s .
1009-10 ....................... $384,798
$87,833 $12,507 (6%)$73,170 $2,156
1908-09 ........................ 359,831
81,179 14,456 (6%) 64,233 2,490
M A Y N A R D , M A S S .
1907-08 ........................ 340.469
78,203 19,238 (6%) 56,670 2,295
CONCORD MAYNARD & HUDSON STREET RY.— A trolley road.
89,942 15,365 (0%) 50,670 17,007
1006-07 ........................ 339,541
ORGANIZATION.— Organized In Massachusetts March 27 1901. Ac
quired Concord & Clinton St. Ry. Feb. 1 1902. F r a n c h is e s perpetual.
* This Is dividend on Manchester Street Ry. stock
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
EARNINGS.— Of Manchester Trac., Light & Power Co. for year end
$209,000 ($100).......... ...........................
$200,000 ...................
ing June 30 1910, gross, $455,049; net, $272,481; other Income, $80,730 Stock,
1st
mortgage,
$200,000,
goldl
1902
5
g
J-J
200,000
July
1922
Interest and taxes, $113,200: dlvs., $224,000; surplus, $16,011.
($1,000)...................... c&rl Interest at American Trust Co., Bos., Trus.
OFFICERS.— Pres., William A. Tucker; V.-P. and Gen. Mgr., J. Brodle "Current
liabilities’ Sept. 1 1910................................... 33,200 ...................
Smith; Treas., S. Reed Anthony.— V. 80, p. 421; V. 87, p. 1160, 1420.
ROAD.— Operate 15 miles of track between Concord, Stow, Maynard
and Hudson: 7 open and 9 closed cars, 2 snow plows and 1 construction car.
EARNINGS.— For year ending Sept. 30 1910, gross, $59,777; net.
M A N IS T E E , M IO H .
$23,996; fixed charges, $14,137: surplus, $9,859.
MANISTEE LIGHT & TRACTION CO.
OFFICERS.— Pres., Chas. H. Persons: Sec., BenJ. Derby; Treas.,
Keyes Hall.— V. 75, p. 184, 611; V. 85, p. 1338; V. 86, p. 1159; V. 87. p. 96.
R e c e i v e r s h i p .— On Jan. 12 1909 Judge Knappen In the Federal Court
appointed John P. Reynolds as receiver, the company having defaulted
In the payment of taxes and Interest
V. 88. p. 158. For bondholders'
M E A D V IL L E , P A .
committee sec V. 88, p. 500. Road was to have been sold Feb. 15 1911.
ORGANIZATION.—Organized In 1006 In Michigan as a consolidation
MEADVILLE & CAMBRIDGE SP’ GS STREET RY.—An electric road.
of the Northern Michigan Traction and North Wisti rn Michigan Lt & P<>wD e f a u l t .— On Dee. 1 1909 Int. on 1st M. bonds was defaulted.
V. 91.
Does the gas, electric light and street railway business In Manistee, Filet p. 397. First mtge. bondholders have formed a committee with D. R . Hill,
Cltv and East Lake. F r a n c h is e 30 years from 1904.
Sec., Pittsburgh. V. 91, p. 336, 589. Bondholders’ committee Is directing
company's affairs.
STOCK AND BONDS—
D a te .
In te r e s t.
O u ts ta n d in g .
M a tu r ity
STOCK AND BONDS.—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity
Common, $885,000 ($100).................
- ...........
$885,000 ...................
5 g J-D
$300,000 July 1 1932
Pref cum, $115,000 ($100).................................
115,000 ................... First mtge $300,000 ($500)1 1902
gold----------------------------- c ’ JGuar. Title & Tr. Co., Pittsburgh, Trustee.
1st mtge, $1,500,000 ($1,000)1 1906
5 g J-J
600,000 July 11926
B o n d s .— Subject to call after 20 years at 105 and Interest.
g, not redeemable______c*U nt. at New England Tr. Co., Boston, Trus
EARNINGS.— For year end. Dec. 31 1910, gross, $40,978; net, $72#.
B o n d s .— Unissued bonds can be Issued for 80% of cost of extensions
ROAD.— Operates 16.20 miles of track between Meadvlile and Cam
additions and Improvements.
EARNINGS.— For calendar year 1908. gross.$68,768; net, after taxes, bridge Springs, forming the connecting link between Meadvlile and Erie,
77 H and 85-lb. T rail. Commenced operating Jan. 15 1903
$19,810. In 1907, gross, $50,522; net, after taxes, $2,773.
OFFICERS.— Pres., C. C. Tennis; V.-P., Geo. S. Davison; Sec., II. F.
ROAD.— Operates lo miles of track. Gauge 4 ft. 8 H In.
35 to 40-lb.
T and 85-lb. girder rails. 30 cars. Operates a 50-acre park on Lake Tennis; Treas., T . C. Stephens; all of Pittsburgh.— V. 89, p. 42; V. 91, p.
Michigan.
336, 397, 589.
_ , ________
OFFICERS.— Pres., Edward M. Deane; V .-P., Lindsey Hooper; Sec.,
Frank G. Deane: Treas., Raymond E. Preble: Asst. Sec. & Treas.. F C
M E M P H IS , T E N N .
MUdram; Gen. Mgr. for bondholders’ committee, J. W. Leadley.— V. 85,
MEMPHIS STREET RAILWAY CO.
„
_
p. 864; V. 88, p. 1 5 8 . ________ ___ _________
Control is held by the American Cities Railway & Light Co., which see
under Birmingham.
ORGANIZATION.— Chartered In Tennessee on March 28 1895 and con
M A R IO N , I L L .
solidated with the Citizens’ St., East End St., City & Suburban and Mem
COAL BELT ELECTRIC RY.
„
In 1904 passed Into control of the St. Louis Iron Mountain & Sou. Ry. Co. phis & Raleigh Springs lines; franchises run until Nov. 1945. Does the
entire street railway business of the city. Isidore Newman & Son of New
STOCK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g
M a tu r ity
Orleans are fiscal agents.
Stock, $390,000 ($ 1 0 0 ) ....................
.. ... .
$300,000
.............
D e c i s io n a s lo F a r e s .—On Sept. 7 1907 the Supreme Court of Tennessee
EARNINGS.— For fiscal year ending June 30 1909, gross, $39,604; net
rendered a decision holding Invalid the Malone ordinance providing for
deficit, $2,450.
ROAD.— Operates 15.33 miles of track from Marlon to Cartervllle and certain reduced fares. V. 85. p. 654. The Supreme Court has also, lt Is
stated, confirmed the company’s franchises In all respects. Including right
Herrin. Standard gauge. 60-lb. T rail.
OFFICERS.— Pres., Geo. J. Gould; V .-P., C. S. Clarke; Gen. Mgr., A. W. to charge flve-cent fare.
O u ts ta n d in g .
D a te . I n te re s t.
M a tu r ity .
STOCK AND BONDS—
Sullivan; Sec., F. W. Irland; Treas., F. M. Hickman; Gen. Aud., S. B.
$2,500,000
Com., $2,500,000 ($100) . . .
Schuyler, St. Louis; Supt., J. Burns, Marlon.
Pref.. $2,500,000 5 %, cum
___
5 Q-M
2,500,000 Dec.’ 10.1H%
$100..................................
M A R S H A L L T O W N , I A .
_____ $10,000,000,
___________
11905
5 g J-J
8,069,000
July 11945
Cons. mtg..
MARSI1AI LTOWN LIGHT POWER & RY.
,
, u
gold (see te x t)_______c*&rilnterest at CeriralTrustOo.,N. Y. Trustee.
ORGANIZATION.— Incorporated In Iowa In 1892. Exclusive rights Cits. St. RR. 1st M., ($1,000) f 1887
6 gJJ
906,000 Jan. 1 1916
till 1917. Runs electric lighting and gas plant and electric railway.
gold, no s f, not red____ c*( Int. at Am. Ex. Nat. Bk. of N. Y. and In
STOCK AN D BONDS—
D a te
I n te r e s t.
O u ts ta n d in g .
M a t u r it y
I Memphis, Tenn.
Stock, com. ($500,000) ($ 1 0 0 )............................... $250,000f.p...................
B o n d s .— Of the $10,000,000 new bonds, $606,000 are reserved to retire
50,000
............... Citizens’ St. R R . bonds. They arc In denominations of $1,000 coupon and
Pref. ($50,000.) 7% - ...................- ............... ..........
1st
mortgage
($150,000)1 1893
6 g J-J
160.000 July 1 1913 $10,000 registered. Are not subject to call. Sinking fund $25,000 per
gold ($ 1,00 0).................c*|Int. at III. Tr. & Sav. Bk.. Chicago. Trustee
annum, 1910-14; $30,000,1915-19; $35,000,1920-24; $40,000 1925-29 and
S to c k a n d B o n d s . — Pref. Is red. at 105 and dlv.
Bonds cannot be called. $50,000 1930-15. Bonds in sinking fund arc kept alive. See V. 82, p .
EARNINGS.—For calendar year 1909, gross, $111,042
In 1908, gross, 628, 1496. $25,000 are held In sinking fund.
$94,140. In 1907, gross, $88,055.
D iv i d e n d s .— On pref. stock 5% paid since Issuance up to and Including
ROAD.— Trolley track, 4 m. Standard gauge, 40 and 60-lb. T rail.
Dec. 1910.
OFFICERS.— Pres., C. D. Jones, Independence, la., Sec., S. B. Hovey.
REPORT.— For year ending Dec. 31:
Independence, la.; Treas. and Supt.. M. W. Hovey, Marshalltown, la.
G ross E a rn s. N et a fter T a x es. In terest.
S in k . F u n d .
S u r p lu s .
1910...........$1,803,008
$651,202
$446,159
$25,750
$179,293
1909
1,719,609
633,445
428,840
204,605
M A S O N
C IT Y , IO W A .
592,996
421,437
171,559
1908 ........... 1,627,648
MASON CITY & CLEAR LAKE RY. CO.
1907 ........... 1,604,384
597,233
404,822
192,411
ORGANIZATION, BTC.— A trolley road. Operated since July 1897.
ROAD.— Operates 110 miles of track In Memphis and suburbs. Ralls 60
Owns right of way 33 feet wide from Mason City to Clear Lake. 9 miles
to 80-lb. T and 60 to 107-lb. girder. 294 cars.
Length of line within and between two cities, 17.6 miles. Handles all
OFFICERS.— Pres, and Gen. Mgr.. Thos. H. Tutwller: V .-P ., E. E.
freight coming over Iowa Central, Chicago & North Western and Chicago Wright: Sec. and Treas., W. H. Burroughs.— V. 85. p. 654; V. 88, p. 564.
Great Western railways between Mason City and Clear Lake.
V. 92, p.118.
_
___________
STOCK AND BONDS— D a t e .
In terest.
O u ts ta n d in g .
M a tu r ity .
Stock $200,000.......... ................................................
$200,000 . . ...............
M E R ID IA N , M IS S .
1st mortgage $100,000 g o l d - . / ____
6 J-J 15
04,000 $3,000 y ’ly
MERIDIAN LIGHT & RAILWAY CO.
l Int. at III. Tr. & Sav. Bk., Chic., Trustee.
New mortgago $1,500,000 g f
1908
6 g J-J
75,000 July 1 1948
In 1910 acquired by H. L. Doherty & Co. and Is undergoing a reorganiza
($1,000)---------------------- c*\ Int. at First Trust & Sav. Bk.,Chic..trustee.
tion. V. 90, p. 914.
B o n d s .— Of the new bonds sufficient are reserved to retire old bonds
ORGANIZATION.— Incorporated in Mississippi In 1901 as a reorganiza
They have no sinking fund, but are subject to call at 103 on 60 days’ notice. tion of the Meridian St Ry. Owns and operates the Meridian Gas Light Co.
EARNINGS.— For year ending June 30 1910, gross, $76,639; net, $29,
STOCK AND BONDS—
D a te .
In terest.
O u ts ta n d in g .
M a tu r ity .
006. In 1909, gross, $64,767; net, $24,577.
Common $5.000.000............... ...............................$2,000,000
...................
OFFICERS.— Pres., W. E. Brice: Sec. and Gen. Mgr., F, J. Hanlon; Ref mtge $750,000 gold ($500/ 1904
5 g M-S
741,000 Mch 11944
Aud., G. E. Peck.
and $1,000)___________ c*(Int. at City Bk. & Tr. Co., Mobile, Trustee.
Gen m t g e s f $5,000,000 g o ld .. 1910
5 M-S
679,000 Mch 1 1945
M A T T O O N 7 }I T Y , I L L .
B o n d s .— There were $225,000 of first 5s outstanding, but these (with
the exception of $1,000, for which a new bond Is reserved) have been de
CENTRAL ILLINOIS PUBLIC SERVICE CO.—A trolley road.
ORGANIZATION.— Incorp. In Illinois In 1902 as the Mattoon City Ry. posited as collateral for the new bonds. A sinking fund of 1 % of bonds
and on Aug. 25 1910 changed Its name to the above. V. 91, p. 655. Owns outstanding became operative March 1 1906. Bonds are subject to call on
entire capital stock of the Mattoon Light, Heat & Power Co., said stock be 60 days’ notice at 105. $750,000 of gen. mtge. bonds arc reserved to retire
ing deposited under the Ry. Co.’s 1st mtge. The Power company has no ref. mtge. bonds. Sinking fund of 1% of bonds out begins Sept. 1 1917.
EARNINGS.— Total gross for 12 months ending Dec. 31 1908, $202,657;
bonded debt. F r a n c h is e s expire In 1930. Railway fr a n c h is e s In Mattoon
and Charleston expire 1960. Has contract t o r 10 years from 1910 for city net. $66,803: Int. and taxes, $56,759; surplus, $10,044.
ROAD.— 11 K miles of track. Electric department operates 227 city arcs,
lighting In Charleston. In Dec. 1908 stock was decreased from $500,100
18,000 Incandescent lamps, 90 h.p. motors and 120 commercial arc lights.
to $330,000.
OFFICERS.— Pres.. H. L. Doherty; V .-P ., Russell Palmer; V .-P. &
Gen. Mgr., A. B. Paterson; Sec. & Treas., L. G. Coleman.— V. 84, p. 1428;
V. 87, p. 813; V. 90, p. 914; V. 91, p. 336.
M IC H IG A N C IT Y , IN D ,
CH ICA GO L A K E SHORE & SOUTH BEND RY.
ORGANIZATION.— Organized In Indiana Dec. 1901.
No securities In hands of public except equipment bonds. Rest all
owned by syndicate, which has used them as collateral only.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common, 35,000,000 (5100).............
.............
$5,000,000
............. ..
Pref, $1,000,000 (5100),6 % n - c .........................
1,000.000 ................. ..
lstm tge, $6,000,000 (51,000) 1 1907
5 F-A15
3.550,000 Aug 15 1947
g o ld ____________________ (Interest at Cleveland Trust Co., Trustee.
6%
300,000 See text
Equipment trust, $350,000 _ - / 1908
(Cleveland Trust Co., Cleveland. Trustee.
Bonds.—Remaining bonds are reserved for future extensions and Imirovements. They are subject to call at 102 H at any Int. period. Sink,
und of $50,000 per annum begins Aug. 15 1917 for ten years, then 2% of
bonds outstanding until maturity. The equipment trusts cover 31 cars.
They mature $50,000 annually May 15 1910 to May 15 1916 Inclusive.
ROAD.— Operates a total of 69 & miles between South Bend and Ham
mond; 5 a miles Hammond to Pullman, owned by Illinois Central R R „
Is leased to Chicago Lake Shore & South Bend. 70-lb. T-rall.
OFFICERS.— Chairman, II. P. McIntosh; Pres., Calvary Morris; V.-P.,
E. W . Moore; Sec., A. R. Horr; Treas., M. H. Wilson, Cleveland; Gen. Mgr.,
C. N. Wllcoxen; Oper. Mgrs., the Warren Blcknell Co.— V. 86, p. 51, 167,
____________________
420, 1528.
F
M ID D L E T O W N , N . Y .
W A L L K I L L T R A N S I T CO.
ORGANIZATION.— Incorporated In New York on March 30 1905 as
successor, under foreclosure, to the Mlddletown-Goshen Electric Ry. and the
Middletown-Bloomsburg Elec. Ry. See V. 80, p, 1059, 1425. Company
was placed In hands of receiver Oct., 1908, on account of a judgment for
Injuries obtained by a motorraan, but all Indebtedness having been paid oil,
receiver was discharged April 23 1909.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock $350,000 ($ 5 0 )---..........................................
$350,000 .................
lstm tge $350,000 gold ($100,/ 1905
5 g M-N
300,000 May 11935
$500 and $1,000)----------c '( I n t . atConrw’lthTr.Co..Harrisburg,Trustee
Bonds.— $50,000 reserved for future Improvements. Are subject to cal)
after 10 years at 105
EARNINGS.— For year ending June 30 1910, gross, $67,415.
ROAD.— Operates 12.84 miles of track extending from Middletown,
N. Y ., to Midway Park, Goshen, Including switches, turnouts, &c. Ralls
65-lb. T except M mile only of 80-lb. girder. Standard gauge.
OFFICERS.— Pres, and Gen. Mgr., DeWltt C. McMonagle: V.-P., Chas.
A. Kunkcl; Sec., J. F. Weiss, Harrisburg, Pa.; Treas., W . M. Oglesby, Har
risburg, Pa.— V. 80, p. 998, 1059, 1425, 2346.
M IL F O R D , M A S S .
M I L F O R D & U X B R I D G E S T R E E T R Y — Trolley.
ORGANIZATION.— Incorporated In Massachusetts In 1901. On July
10 1902 consolidated by purchase of entire capital stock with the Milford
Holllston & Framingham St. Ry. In 1907 the Milford Investment Co.
was organized to finance the floating Indebtedness of the Milford & Uxbridge.
In Aug. 1910 the Comm. auth. an Issue of $85,000 bonds to pay floating
debt. V. 91, p. 463. In Jan. 1911 Mass. R R . Comm. auth. an Issue of
$100,000 pref. stock, part to be used to retire $88,000 old pref. auth. In
Mch. 1910 (V. 90. p. 914).
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock, com, $440,000 ($100).....................................
$440,000 1908-09,3%
Pref. $100,000 ($100)_______ _____
___ _____
100,000 ..................
M. Holl. & Fram. 1st mtge.j 1898 5 g J-J
165,000 Jan 1 1918
$165,000 ($1,000) g o ld - .c ’ lin t, at Amer. Trust Co., Boston, Trustee.
Mllf. & Uxb. gold bonds/ 1902 5 g J-J
335,000 Jan 1 1918
($1,000) g o ld __________ c lin t. at Amer. Trust Co., Boston, Trustee.
Mllf. Invest: Co. deb ($1001 ___
6 M-S
$200,000 Sept 1 1927
and $500) - ......................./Y ale Nat. Bank, New Haven, trustee.
Bonds.— The Milford Invest. Co. bonds are secured by an equal amount
of notes of the Milford & Uxb. St. Ry. They are redeemable at par and
Int. on any lnt. day.
EARNINGS.— For fiscal year ending Sept. 30 1910, gross, $191,111;
net, after taxes, $59,408; In 1908-09, gross, $172,094; net, $61,578; fixed
Charges, $47,421; dlv. (3% ), $13,200; surplus, $957.
ROAD.— Owns 36 miles of track, from So. Framingham to Uxbridge and
from Milford to Medway and Hopklnton. A 12-mlle extension from Ux
bridge Centre to East Douglas Is proposed. Also controls Lake NIpanuc
Park. 45 passenger cars, 8 snow plows and 4 mlscell.; 130 electric motors.
OFFICERS.— Pres., John T. Manson, New Haven, Conn.; V.-P,, J. Wil
ls Downs, New Haven; Sec., Wendell Williams; Treas., J. E. Walker, Mil
ford; Supt., W . L. Adams, Milford, Mass.— V. 74, p. 1308; V. 76, p. 102;
V. 88, p. 375; V. 90, p. 914; V. 91, p. 463, 1160.
M IL L V I L L E , N . J.
M IL L V IL L E T R A C T IO N — A trolley road.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
Stock $175,000...............................................- .........
$175,000 . .
. .
5 g F-A
208,000
1914
1st mortgage $400,000 goldl 1894
($1,000 each)__________ c ’ /ln t . at Land Title & Trust Co., Phlla., trust.
"Other debts” Dec 31 1910.............-.................
59,598 __________
B o n d s . — Not subject to call.
EARNINGS.— For year 1010, gross, $35,542; net, $1,667.
ROAD.— Operates 12.55 miles of track In Millville, Vineland and town
ship of Landis, of which 8.67 miles put In operation In 1901.
OFFICERS.— Pres., George Wood; Sec., G. H. Thomas; Treas., Daniel
0 . Lewis
_____________
M IL T O N , P A .
LEW ISB U R G MILTON & WATSONTOWN PASS. R Y .— Trolley.
ORGANIZATION.— Incorporated In 1910, when Whittaker & Diehl of
Harrisburg purchased the old Lewlsburg Milton & Watsontown Pass. Ry.
from the Railways Company General, and reorganized It.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
Stock. $150,000_____________ _____
__________
$150,000 ...................
First mortgage $300,000 gold] 1910
5 g F-A
150,000 Feb 11940
($500)--------------------------c * {ln t. at Land Title & Tr. Co., Phlla., trustee.
Bonds.— Remaining bonds can only be Issued for Improvements and ex
tensions at 80% of cost. Sub. to call as a whole on any Int. date after
Feb. 1920 at par.
ROAD.— 10 miles of track between points named In title.
OFFICERS.— Pres., John F. Whittaker; V.-P., L. G. Brown; Sec. &
Treas., D. L. Diehl; Asst. Sec. & Treas., W. B. Rankin.— V. 90, p. 1363.
M IL W A U K E E , W IS .
M ILW A U K E E LIGHT. HEAT & TRACTION C O — Incorporated
Dec. 1896. Owns and operates an extensive system of suburban and Inter
urban lines radiating from Milwaukee to Cudahy, South Milwaukee, Racine
Kenosha. Wauwatosa. North Milwaukee, Whlteflsh Bay. Fox Point. West
Allis, Waukesha, Waukesha Beach, Oconomowoc, Watertown, St. Martins,
Muskego Lakes, Mukwonago, East Troy, Waterford, Rochester and Bur
lington.
The company, besides Its railway system, owns and operates electric
light and Dower systems In Cudahy, South Milwaukee. Racine, Wauwatosa.
East Milwaukee, West Milwaukee, West Allis and Waukesha. Was fur
nishing Dec. 31 1910 61,695 Incandescent lamps, 1,590 h.p. In motors, 568
arc lamps and 846 Nernst lamp glowers.
The capital stock Is practically all owned by The North American Co
(see miscellaneous companies In "Railway and Industrial” Section). In
April 1907 stockholders voted to Increase stock from $1,000,000 to $30,000,
000. V. 85, p. 160. $9,000,000 of new stock Issued up to Feb. 1911.
Control Purchased.— In 1907 purchased the $9,000,000 common stock of
The Milwaukee Electric R y. & Lt. Co. from The North American Co.
This was done In order to make MU. Light, Heat & Traction Co. the
controlling company Instead of The Milwaukee Elec. Ry. & Lt. Co., as
was formerly the case. V. 86, p. 286
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Common stock. $30,000,000..............
..
$10 000 000
See text
5 g M-N
SPOO.OOO May 1 1929
Mllw Lt H and Tr Co 1st M g/ 1899
guar$5,000,000 ($1,000) gc*(Trust Co. of America, New York, Trustee.
Mllw Lt II and Tr Co ref&ext i 1907
5 g J-D
6.189,000 June 1 1037
M g $30,000,000 ($1,000) . . { Metropolitan Tr. Co., N. Y., and Randolph
T
.
..
l , Rodman, Trus. Int. at co’s N. Y. office.
Interest on the Milwaukee Light, Heat & Traction Co’ s 1899 5% 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 endorsement, by The Milwaukee Electric Hallway* Light Co
(V. 86. p. 1042). Of the new refunding and extension bonds $2 500,000
additional can be Issued Immediately, and In June 1908 Wisconsin State RR
Commission authorized company to issue this amount. This will raise
outstanding amount to $7,500,000; up to F e b .1911 $1.189,000 of $2 500 000 had been Issued. $5,500,000 Is held to retire prior liens. These bonds
may be called on any Int. day at 110 and Int. V. 84, p. 1183. First $13000,000 are to bear 5 % Interest and remaining $17,000,000 not over 5% .
Dividends.— 10% per annum paid from 1904 to 1907: In 1907. 2% ; In
1908, 3 # % ; In 1909, 3 H % ; In 1910, 4 1-3%.
ROAD.— Total mileage, exclusive of controlled Mllw. Elec. Ry.& Lt.Co.,
was Jan. 31 1911, 224.74 miles. 80-lb. T rail. Owns 130 cars.
REPORT.— Fiscal year ending Dec. 31:
1910.
1909. I
1910.
1909.
Gross— Railway $862,031 $779,922 Total Incom e-.$l,384,907$!, 127,703
73,972
El. light 194,718
147,703 Taxes
64,934
92,762
Depreo., &c----- 108,317
621,640
Total g r o ss..$1,056,740 $927,625 Interest_______ 656,411
Oper. exp., Ry.
& Elec, light. 462,880 392,078
Total deduct. $838,700 $779,336
$348,367
Surp. for dlvs__ $546,207
Net earnings- $593,869 $535,547
Other income__ $791,038
$592,156
OFFICERS.—Pres., Gen. Mgr. and Pur. Agt.. John I. Beggs; V.-Ps.,
Wm. N. Cromwell and Chas. F. Pflster; V.-P. and Sec., Jas. D.Mortimer,
New York; Treas., Geo. R. Sheldon, New York; Comp., C. N. Dully;
Asst. Sec. and Asst. Treas., F. J. Boehm; Aud., Geo. W. Kalwelt. Gen
eral office, Public Service Bldg., Milwaukee. New York office, 30 Broad
S t„ New York City.— V. 85, p. 160; V. 86, p. 286, 1042, 1529.
(1) The Milwaukee Electric Railway & Light Co.
ORGANIZATION.— Successor of Milwaukee Street R y. Co. Jan. 29 1896
per plan In V. 60, p. 1009. Embraces all the street railway lines In Mllwau
kee. Entire common stock Is owned by the Milwaukee Light, Heat &
Traction Co. The company, besides Its street railway system, owns and
operates an clcctrlc-llght and power system. Was furnishing on Dec. 31
1910 329,357 Incandescent lamps, 12,609 h. p. In motors, 2,976 arc lights
and 5,364 Nernst lamp glowers. Controls Milwaukee Central Heating Co.,
operating a central-station steam-heat system In Milwaukee.
In 1909 entered Into a contract for 25 years to take a supply of power
from the Southern Wisconsin Power Co. See V. 90, p. 372
The railway franchises of the company run until Dec. 31 1934. V. 70,
p. 39. Electric light and power franchises are unlimited In time.
In April 1907 stockholders voted to Increase the capital stock from $19,
500.000 to $24,500,000. See V. 84. p. 102, 221,339; V . 85, p. 160.
. ..
191.° Wisconsin RR. Comm, authorized an additional Issue of
$1.09000.0006 ref. & ext. mtge. bonds for extensions and Improvements.
Decision .—The Wisconsin Supreme Court June 5 1908, reversing the lower
court, dismissed action brought by Attorney-General Gilbert for removal
i „
alleged wasteful uso of money In securing exten
sion of company s franchises In 1900. Sec V. 86, p. 1467.
STOCK AND BONDS—
Date.
Interest. Outstanding. Dividends.
Common stock $20,000,000 -----Q-M
$9,000,000 D ec.’ 10,1 H
(par $100)........................
Preferred stock $4,500,000 -----Q-F
4,500,000 Jan 3 I’ l l ,1H
6% non-cum (par $100)..
The Mllw El Ry & Lt Co cons 1896 5 g F-A
0,500,000 Feb 1 1026
mtgc $8,000,000 gold_
_
c
_
Central Trust Co., New York, Trustee,
mu
n
Interest payable at company’s office, 30 Broad St., N. Y .
The Mil El Ry & Lt Co ref &| 1906
4 a g J-J 7.728.000 Jan 11931
ext mtge $20,000,000 gold/Trust Company of America, New York,
($1.000).......................... c*J Trustee.
Stock and Bonds.— Consols of 1896, ref. and ext. bonds of 1906, and pref.
stock are listed on the N. Y. Stock Exchange. Of the new ref. and ext.
bonds, $6,500,000 are reserved for prior Hens and $5,772,000 for exten
sions, acquisitions, &c., at not exceeding $1,000,000 per year. Bonds are
subject to call on and after Jan. 1 1916 at 108 and Interest. No sinking
fund. See V. 81, p. 1724, 1792; V. 84, p.508.
ROAD.— Total track, 138.16 miles—all trolley. Owns 396 cars.
ANNUAL REPORT.— Fiscal years ending Dec. 31:
1910.
1909.
1910.
1900.
Deductions—
Gross— Rallw’y$3,787,323$3,466,685
LIght’n . 907,069 800,854 T axes__________ $328,607 $298,728
Depreciation__ 469,439
426,754
11,736
Total gross___ $4,694,391$4,267,539 Contingencies . .
10,669
Oper. exp., Ry.
Interest_______ 527,076
543,345
& Light______2,495,120 2,108,233
Total deduc’s$l,336,858$1,279,496
Net cam ’s . .$2,109,27152,159,306 Surp. for d l v . .. $969,242 $967,278
Other Incom e.. 106,829
87,468
Tot. net lno.$2,306,100$2,246,774
,, ,
Out of the net of $2,236,105 for 1909, $298,728 was paid for taxes, $426,
754 reserved for depreciation, $543,345 paid for Interest. $270,000 for pref.
divs. (6%) and $540,000 for com. dlvs. (6% ). leaving surplus of $157,278
Dividend.— Regular quarterly dividends of 1
have been paid on the
preferred since Feb. 1900. On the common stock In 1003, 4% ; In 1904,
5% ; In 1905. 5% : In 1906, 0",',: In 1907. 6% : In 1008, 6%; In 1909,
6% ; In 1910, Mch., 1 ^ % ; June. 1 H % ; Sept.. 1 # % : Dec., 1 'A%.
OFFICERS.—Same as the Mftwaukee Light, Heat & Traction Co. Gen
eral office. Public Service Building, Milwaukee. Now York office. 30 Broad
St., N. Y. City. — V. 85, p . loo: V. 86. p. 282. 286; V. 87, p. 1011;
V. 88, p. 1561; V. 89, p. 1411; V. 00, p. 372,503,627.
WISCONSIN TRACTION. L ia H T . H EAT & POWER CO.
ORGANIZATION.—This company was Incorporated at Milwaukee In
A' g. 1900 with a nominal capital of $10,000 (since Increased to 51,000,000),
for the purpose of uniting certain properties In the Fox River Valley.
Secured control of the Fox River Valley Electric Ry. aud the Appleton
Electric Light & Power Co., and has consolidated them. In Sept. 1904
purchased entire capital stock of the Fox River Valley Gas & Electric Light
Co. and guarantees Its bonds, principal and tnt.ercst. See V. 79. p. 787,
1267. In July 1910 WIs. RR. Comm. auth. company to Issue $500,000
1st mtge. bonds of 1901. V. 91, p . 96.
Proposed Hydro-Electric Plant.— For statement of Pres. Beggs with re
gard to new hydro-electric plant on Wolf River, see V. 91, p. 1770.
STOCK AND BONDS—
Date
Interest, outstanding.
Maturity.
Stock, $1,000,000 ($100)
$699 400
First mortgage, $3,000,000/ 1901
5 g J-J
1,120,000 J u lv 'V 1931
($1,000) gold no sink fd.c*1 Int. at Milwaukee Trust Co., Mllw., Trustee.
Fo,x KIver Valley first mtge) 1901
5 g A-O
350,000 April 1 1921
$3.)0,000 ($1 000) gold...c(M erchants Loan & Trust Co. Chic..Trustee.
Appleton Gas Light & Fuel________
6
15,000 Nov. 1 1914
lionas. Entire Issue of Wisconsin Traction, Lljrht Heat & Power Co.
k ca!lcfl on any Interest date at 110 and Interest. The Fox
R PAnvTMec!'ln, p are subJ<ct to call after April 1 1911 at 105 and Interest,
EARNINGS— For years ending Dec. 31:
Vfar
G ross.
Net.
Other Tnc. Interest. Surplus.
fnoo------------------------------ $335,586 $111,005
$8,715 $71,400 $48,320
g99................ - ......... ....... 291,792
113,442 10,179
68,400
55,221
1
------265,290
106,353 8,376
68,400
46,329
i
F,™
miles of track, connecting Neenah, Menasha. Applei Kaukana, and 5 miles locally In the city of Appleton; total, 20 miles.
Owns electric-lighting plants In Appleton, Neenah and Menasha and supplies
gas to Neenah, Menasha and Appleton
OFFICERS.— Pres John I. Beggs: V. P.. Chas. F Pflster, Milwaukee;
Seo. and Treas., A. K. Ellis.— V. 79, p. 787, 1267; V. 91, p. 96, 1770.
MILWAUKEE NORTHERN RY.— An electric road..
ORGANIZATION.— Incorporated In Wisconsin In 1905. Operates In
terurban system entirely on private right of way. Franchise In Milwaukee
runs till 1937 and provides for 5-cent single fares and that 8 tickets be sold
for a quarter wltnln city limits.
STOCK AND HONDS.— Date.
Interest. Outstanding. Maturity
Stock $1,000,000 (4100)___________
_________ $2,000,000
1st mtgc $4,000,000 ($1,000) 1 1907
5 g F-A
1,500,000 Aug'*l" 1937
gold...............- ................. c * j Int. at Fidelity Trust Co., Mllw., trustee.
Bonds.— Remaining $1,500,000 can be Issued when road Is comolcted to
Fond du Lac. Not subject to call. V. 85, p. 601.
ROAD.— Will be 120 ndles Ion?, running north from Milwaukee to Cedarbure. where It forks, one branch extending to Sheboygan and the other
to Fond du Lac. Operates 65 miles of track, Including 6 >4 miles In Mil
waukee, between Milwaukee, Cedarburg and Sheboygan
The Fond du
Lac Division It Is planned to complete as far as West Bend In 1911 or In 1912
Gauge, 4 ft. 8 H In. 70-lb. T rail.
OFFICERS.— Pres., Wm. A Comstock; V .-P., F. W. Walker; Sec. and
Treas., Henry A. Halgh; Gen. Mgr., B. G. Broad.— V. 85, p. 601.
M IN N E A P O L IS , M IN N .
TW IN CITY R A P ID TR A N SIT.— An electric road.
ORGANIZATION.—Organized under the laws of the State of New Jersey
June 3 1891 and by virtue of Its stock ownership of the underlying com
panies (to wit. The Minneapolis Street Railway Co. The St Paul City Rail
way Co., the Minneapolis Lyndale A Minnetonka Railway Co and the
Minneapolis & St. Paul Suburban) controls the entire street railway
system of Minneapolis, St. Paul, Stillwater, and lines to Excelsior
T°nJ<a i!a.y Vid
iv,yn<ietonka. in 1906 absorbed the
North Side Street Rv (Robblnsdale line) and the St Louis Park line
V. 83, p. 1472. In 1905 articles of Incorporation were amended so as to
make the charter perpetual. V. 80, p. 1914.
M O B IL E , A L A .
MOBILE LIGHT & RAILROAD.— Trolley.
. 9,R,Y^ ^ I^ J l ? ^ \ 7 :^ . .COo2olldaUon on SePt- 1 1001 of the Mobile Light
A Railroad and the Mobile Street RR .; the franchises of both companies
were extended on Sept. 12 1901 to March 12 1955. See V. 7 3 , p. 616
*roX
2*:>MMmnnfnm^?nm
Date'
M erest. Outstanding.
M
ock°X
, 5^,-oUtU
'.»0 (pai $100) _ _____
_
S2 250 000 .TanMaturity.
First mortgage gold ($1,000) . f 1897
5 g J-D
400,000 July 1 1937
, Unt. at Farmers Loan A Trust Co.. N. Y
Mobile Street RR first m tge/ 1893
6 g M-N
300.000 May 1 1923
gold. $350.000................ c*( banners’ Loan A Trust Co.. N. Y ., Trustee,
„
„ , . ,
.
at National City Bank. New York.
Consolidated mortgage, gold/ 1901
5 g M-S
1,427 000 Sept 1 1941
($1,000) $2,250,000 . . .c*) Interest at New York Trust Co n y " Trus
Bonds.— Of the $2,250,000 mtge., $700,000 reserved for prior liens" $23 ^
00 9 .^ 1 ? r tJ ?iloSuryJ )f C0 IVPany; balance, $100,000. have not been certified."
EARNINGS.— For calendar year 1910. gross, $579,818; In 1909 gross
$548,520; In 1908, gross, $563,728; In 1907, gross! $614 744
^
’
Dividends.—Initial dividend—
—Aug. 1 1909; In’ l9 lo July 14%'
In 1911, Jan., y$%.
' ’
ROAD, Ac.— Owns 58.19 miles of track In Mobile and extensions to Maga
zine Point, Spring Hill, Whistler and Monroe Park. Company also owns
“ Monroe Park” and water power and 320 acres of land.
OFFICERS.— Pres., J. H. Wilson; Sec. and Aud., M. W. Glover- Treas
C. White Spunner.— V. 86 , p 1529.
'’
M O N M O U TH . IL L .
ROCK ISLAND SOUTHERN RAILW AY.— An electric and steam road.
ORGANIZATION.—Incorporated In Illinois under the steam laHroad
law on April 25 1905. Has private right of way between cities and through
Monmouth. V. 89, p. 1663.
6
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
__
j ; Ron 000
Stock, $2.500,000
-- - —
.
5 g J-J
1.600,000 Jan ' 1 {947
,
., ,
T , . . „^ ^ ecJs.*on sustains the company’s claim to a 50-year First mortgage. $2,500,000,1 1908
gold ($100, $500 A $1,000) )Int. at Western Tr. A Sav. Bank, Chicago!
s«
1873^ 1Ul t,le fight to charge 5-cent fares. V.90, p . l l l .
„
a
. w , > Trustee, and through Old Col. Tr.Co.,Bos.
l i n p f R p !I
, / o ^ ’T For clecIsl()n 83 to right to build new
Bonds.— Additional bonds may be Issued for purchase of connecting rail
Pnm hv^ h£hUth»eMfY’ ? u’ P' ,“ T1' ‘T087’ arl,l for settlement with City of St
times Interest on bonds issued and to be
™
>ellnqulshes Its right of appeal from this decision and roads when net earnings are 1
Issued. Bonds are subject to call after Sept. 10 1913 at 105 and interest.
see C
m
H 75 t0 pay 1110 tlle clty treasury a gross earnings tax of 6 %, See
V. 84, p. 104; V. 89, p. 1660.
*i,
' Because of a decision of the Supreme Court holding _ BOAD.— Runs north from Monmouth to a connection with the Chic.
n,i ne3’ a,s fall ways, are amenable to the Minnesota 4% gross Rock Island & I ac. Ry. at Monmouth Junction, .31 miles, and thence opearnings tax. It was decided In Mch. 1910 to Incorporate the Minneapolis eratlng Into city of Rock Island, a distance of 20 miles, by lease over the
t ,,
im i
‘^ bof.ban R R . ($1,000,000 stock, Increased to $3,000,000 In * ,cl 4 1 r‘r * ac*
Road Is operated by steam for both passenger and
"an. 1911 ; debt limit was also Increased to $10,000,000; V. 92, p . 187), V*k
, , Ias connections for Davenport, la., Moline and Galesburg, 111,
tlic Minnetonka A White Bear Navigation Co. and the Rapid Transit Real 7 / I t v S & v U - * b e operated by electricity for passengers.
Estate Corp., each with $250,000 stock, and to re-arrange matters so that r
:?Fes’ ’ ,R - C- Walsh: V.-P., M. A. Walsh; Sec. and Treas.,
the suburban lines, the steamer lines and the hotels, parks, Ac.. of the J,W .Walsh; Gen. Mgr., W .W . McCullough.— V. 84, p. 52, 104; V.89, p.1668,
company might be handled separately for taxation and accounting pur
poses. V. 00, p. 850.
v
M ONTGOM ERY, A L A .
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
MONTGOMERY TRACTION CO.— A trolley road.
Twin City Rapid Transit—
In Nov. 1908 control changed hands. Richard Tlllls of Montgomery
Common stock, $22,000,-1
out the Philadelphia syndicate which held control. V. 87, p. 1358
5 Q-J
000 (par $100)________ f _____
$20,100,000 Apr.’ l l 1^ buying
19? 9. st° clS
decreased from $2,000,000 to $1,000,000 (V. 88 , n.
Preferred stock, cumulative).
375)
and
funded debt reduced to amount shown below.
$3,000,000 ($100)______ f 1895
7 Q-J
3,000,000 Apr.’ l l ,1 M
STOCK AND BONDS.— Date.
Interest. Outstanding.
Maturity.
Minneapolis Street Hallway Co.—
__
_
si ooo OOO
Second mtge gold------- c*Ar 1883 6 g M-N
600,000 Nov. 1 1913 Stock $ 1 ,000,000 ($ 100) ___________
$1,050,000
($
1
,
000)1
1905
5
g
A-O
'700!000
April
1~IMB
1
st
mtge
First cons M g $5,000,000 c* 1889 5 g J-J 15 4,208,000 Jan.15 1919
gold sinking fund........ c*jln t. at Real Est. Trust Co.. Phlla), Trustee
St Paul City Railway Co.—
6 g F-A
350,000
1923
First mtge on real estate AJ 1882 6 g A-O
224,000 April 1 1932 Mont. Street Ry 1st mtge! 1893
$350,000 gold.......................Jlnt. at Farmers L. A T. Co., N. Y .t Trustee.
horse-car franchise.........) Exchangeable at 105 for first consolidated.
Bonds. Of trie Mont. lr a c . Co., bonds, $350,000 are reserved for prior
hirst consol mtge gold........ 1884
6 g A-O
456,000 Oct. 1 1934
liens.
sinking fund of 1 % of bonds outstanding commences In 1911 and
Cab cons gold (see text)----- 1887
5 g J-J 15 3 708,000 Jan. 15 1937 runs to A
1920, thereafter 2 % per annum. Bouds are not subject to call.
Minneapolis & St. Paul Suburban Ry.—
ROALi.— Operates about 41 miles of track in Montgomery aud to Pickett
1st M g $500,000, guar byl 1899 5 g M-S
500,000 Sept. 1 1924
sauee: 70-lb. T and 95 lb. girder rail.
. . . lw C y R T A St P C y.c*i Interest at Central Trust Co., N. Y ., Trustee. Sp£!liS?.'„..s,Jandard
OFFICERS.— Pres.. Ray Rushton; Sec., H. F. Crenshaw.— V. 81, d .
Minn St. A St. Paul City Ry.—
1792;
V.
82,
p.
929;
V. 87, p. 1358; V. 88 , p. 375; V. 91, p. 1026.
Joint consol mtge $10,000,-1 1903
5 g A-O
9,807,000 Oct. 11928
000($1.000)gu p & I._c*)Central Trust Co. of New York. Trustee.
All bonds are for $1,000 each, and, with the exception of the Minneapolis
M O N T O U R S V IL L E , P A .
& St. Paul Suburban R y. and the Joint Issue of 1903, Interest Is payable
MONTOURSVILLE PASSENGER RAILW AY.— A trolley road.
at Farmers’ Loan & Trust Co., New York.
ORGANIZATION.—
Chartered In Pennsylvania June 28 1897. Com
S t o c k . — In May 1902 stockholder were given at par $1,501,000 additional
operations Dec. 16 1897. Stock authorized and Issued, $75,000.
stock (V. 74. p. 1039), In June 1905 $1,000,000 at par (see V. 80, p. 2400), menced
Funded
debt
authorized
issued, $112.000 5% 30-year gold bonds dated
and In June 1906 $2,100,000 at par (see V. 82, p. 1269), This last makes May 1 1908, Interest M. and
A N. Operates 5H miles ol track from Williams
outstanding stock $20,100,000.
port to Montoursville, Pa.
,, pM dends.— All dividends on preferred to and Including Apr. 1 1911
EARNINGS.— For flscal year ending June 30 1910 were: Gross. $26 308'
(1 H %) have been paid. First dividend of 1 % was paid on the common
’
stock In Aug. 1899; In 1900. 3% ; In 1901. 3 4 % ; In 1902, Feb., 2%; net, after taxes, $11,707; fixed charges, $5,600; surplus, $6,107.
changed to quarterly and 1 M % paid May 1902; Aug., 1 V. %; Nov., 1 H %
1903 to 1909, Inclusive, 5% per annum; In 1910, 6% ; In 1911, Jan.. 1 4 % M ORGANTOW N, W . VA.
April, 1 4 % .
’
UNION UTILITIES CO.
B o n d s . — The M i n n e a p o l i s S t r e e t R u n w a y Co. Jointly and severally with
the Minneapolis Lyndale & Minnetonka Railway Co., Issued $5,000,000 5%
ORGANIZATION.— Incorporated In West Virginia. Owns and op
30-year first mortgage and first consolidated mortgage gold bonds, of which erates (with a few unimportant exceptions) all public utilities In Morgan
$670,000 arc held In trust by the Farmers’ Loan & Trust Company to town and adjacent communities. Including electric light and power, water,
redeem the $670,000 prior Ucn bonds. See statement to New York Stock gas and street railways. Electric light, power and street railway franchises
Exchange In June 1S05. The consois are also listed In London. V.60,p.l 149. for 50 years from 1903. Gas and water franchises 25 years from 1902,
The St. Paul City Railway Co. has issued $4.38«,000 5 % 50-year cable con Leases the Morgantown A Pittsburgh Ry. In 1910 purchased the Sabrasolidated bonds dncluding $680,000 held by the Farmers’ Loan A Trust Co.
ton u y ., 2 miles.
trustee, to redeem the $680,000 prior Hen bonds above), limit fixed by this
mtge. was $5,500,000, but by the Joint cons. mtge. of 1903 no further un C o S n S i S o d ) 00°(J 100) T . . . ^ 1 "
/ ^ L ^ o T o o d
derlying bonds can be put out. V. 77, p. 2281. Part of these cable Pref., $200,000, 7% cum ($100)-----A-O
200,000 O ct’ 10 3 14%
consols ($1,138,000) are guar. (p. A 1.) by end. of Twin City Rapid Transit
*
^
t
i
nnomage’
$1,500,000.1
1909
5
g J-J
1,078,000 July 11944
Co. See statement to N. Y. Stk. Exch. In June 1895. V. 60, p. 1150. Of
g (51,000)
---------c* 1Int. at Farmers’ Loan A Tr. Co.. N. Y ., trus.
the 1st cons. mtge. of the St. Paul City, $224,000 are held by the Farmers’
Bonds.— $322,000 are reserved for Improvements and extensions at 75%
Loan A Tr. Co. to be exchanged for the $224,000 first mtge. bonds.
cost. Redeemable at 105 and Int. on any Int. day on 30 days’ notice.
The Minneapolis street Ry. A St. Paul City Ry. consolidated mortgage of of
Sinking fund 1% semi-annual of bonds out
After setting aside 1% s.-a,
1903 Is a Joint ihsm* of the Minneapolis Street Ry.and the St. Paul City Ry : and
payment of 7% on pref. and 10% on com., s. f. shares equally with
remaining bonds arc reserved for new construction, additions and improve any further
dlv.
on
common.
V.
90.
p.
373.
ments at 90% of cost. Guar. p. A l.,b y endorsement, by Twin City Rapid
Dividends.— On pref. at rate of 7% per annum are paid.
Transit Co. (sec V. 77, p. 2281 and 2340).
— For flscaI ycar ending April 30 1910, gross, $313,409; net
.ROAD.—Consists of 383.43 miles of standard-gauge road, Including four $176,383; charges,
$51,650; surplus, $124,733.
Interurban lines connecting the business centres of Minneapolis and St. Paul,
ROAD.— Owns 4 J4 miles of track In Morgantown and 2 miles from
an Interurban line of 22 miles connecting St. Paul and Stillwater, and lines
to Lake Minnetonka.
Morgantown to Sabraton; leases 2 miles additional; total track operated,
On the principal streets of the cities 90-lb. T rail with welded Joints and 8 J4 miles. Will extend from Sabraton to Dellslow, 2 J4 miles, during 1911
Standard gauge, 70-lb. girder rails.
Imbedded in concrete was used.
OFFICERS.— Pres., H. R. Warfield; V.-P., I. C. White; Sec., A. W
P w er.—-Tim company leases water-power at St. Anthony’s Falls (ca
pacity 42,000 h.-p.), which power Is now used In conjunction with power Lorentz; Treas. A Aud., C. D. Junkins, all of Morgantown.— V. 90, p. 373"
generated at new steam power plant to run the entire railway system In V. 01, p . 342.
both cities. See V. 64, p. 704.
1
— Flscal ^ a r ends Dec. 31. Report for 1909 was
M O R R I S T O W N , N . J.
In V. 90, p. 842, showing results on the entire property as follows:
MORRIS COUNTY TRACTION.— An electric road.
1910. '
190!).
1908.
ORGANIZATION.— Incorporated In New Jersey In 1899. Charter
..146,980,553 135,729,811 123,508,388
44,124,296 39,830,225 gives company right of eminent domain. Built mostly on private right of
towns are Perpetual or for 35 years.
$6,924,656 $6,333,297
Receipts from other sources.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
45,120
66,213
_
52 301 onn
Stock, com, $3,000,000 ($ 1 0 0 )___
5 g'J: D 15 2,'580."000 Ju n e'15*’35
$6,969,776 $6,390,510 F>rs‘ '™ ‘tsaeie; $3,'000.000] 1905
(51,000) , kold, callable at [Trust Co. of America, N. Y ., Trustee,
Operating expenses_____
110 and Interest----- c ArJ Int. at Nat. Iron Bank, Morristown.
-- $3,409,797 $2,086,107 $2,882,282
Insurance.................. .......
48,000
48,000
EARNINGS.— For calendar year 1910, gross, 5163.362; net, 532,051.
Injuries and damages___
260,520
235,774
.BDAIL Is to build 75 miles of road from Elizabeth, N. J., to Nctcong,
$3,294,627 $3,166,050 with a branch from Renville to Paterson and other branches. 47 miles
track Is completed and In operation. Gauge, 4 ft. 8 'A In. 70-lb T rail
Net earnings_____
.. $3,863,947 $3,675,149 $3,233,454 of
$1,466,527 $1,359,303 In country. 80-lb. girder in cities.
210,000
210,000
210,000 „ OFFICERS.— Prra., Henry R. Rea. Plttsb., Pa.; V .-P., Edward E.
1,208,000
1,055,250
1,005,000 Duir, Plttsb., Pa.; Sec. A Treas., O. G. Schultz, Morristown; Gen. Mgr,
H. H. Archer, Morristown.
$2,882,394 $2,731,777 $2,574,363
*$081,553
•$943,372
*$050,001
•In 1910 $736,000 was appropriated from this amount for renewal funds,
against $703,000 In 1909 and $544,000 In 1908.
»T.°.^Fi 0E R S’— Pres., Calvin G. Goodrich; V.-P. A Gen. Mgr., W. J.
Hlekl; See. A Comp., E. S. Pattee; Aud., D. J. Strouse; Treas., E. A.
Crosby.— V. 86, p. 287, 422, 599; V. 87, p. 1480; V. 88. p. 507: 687. 744, 750;
V. 89, p. 1543; V. 90, p. 54, 111, 504, 842, 850; V. 92, p. 190, 324
M O U N T H O L L Y , N . J.
BURLINGTON COUNTY TRANSIT CO.— Trolley.
ORGANIZATION.— Incorporated In New Jersey on July 1 1910. as
successor to the Burlington County Ry. Co. sold at foreclosure, V .90,p, 1612.
Stock auth. and Issued, $120,000 ($50). No bonds.
EARNINGS.— For calendar year 1910, gross, $59,317; net. $4,781. In
1909, gross, $57,865; net, $6,341. In 1908, gross, $56,307; net, $10,479.
Merger o f Subsidiaries.— In 1907 North Jersey Street' Ry. Co., Jersey
City Hoboken & Paterson Street Ry. Co., and United Street Ry. Co. of Cen
tral Jersey were consolidated under the name of Public Service Ry. Co.,
which see below. V. 85, p. 406 and 470. To Public Service Ry. Co. also
have been transferred the leases of various railways formerly held by Public
Service Corporation.
.
.
M USKOGEE
OKLA.
In Oct. 1909 all leasehold Interest In gas properties and all rights under
operating agreement with Plainfield Gas Light Co. were assigned to the
MUSKOQEE ELECTRIC TRACTION CO.—A trolley road.
Public Service Gas Co., which see below; also V. 89, p. 594, 721, 847.
ORGANIZATION.— Incorporated In 1004 In Indian Territory.
In July 1910 all leasehold Interest In electric light and power properties
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturity. were assigned to the Public Service Electric Co. V. 90, p. 1614.
Stock $245,800 ($ 100)-..........................................$245,800
See text
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
1st mtge $500,000 gold ($500 l 1905
5 g A-O
450.000
1025
Stock, $25,000,000 ($ 1 0 0 )...............
Q-M 31 $25,000,000 Dec31’ 10.1M
& $1,000) red 1915 at 105c* lint, at Colonial Trust Co.. N. Y .. trustee.
See text 19,941,820
Perpetual
EARNINGS.— For year 1910, gross, $117,703; net, $54,067; charges and Trust certificates, $20,200,000/ 1903
1Fidelity Trust Co., Newark, Trustee.
taxes. $22,105; dividend (8 % ), $19,400; surplus, $12,562.
5 g A-O 21,500,000
Oct 1 1059
ROAD.— Operates 17 miles In and around Muskogee. Standard gauge. General mortgage $50,000,-f 1909
000 gold ($1,000) s f .- .c * Interest at Fidelity Trust Co., Newark, Trus70 and 60-lb. T rail. 3 miles of extensions proposed.
l tee. or agency of company In New York.
OFFICERS.— Pres, and Gen. Mgr.. VVlflls E. Fertlg: V .-P ., R. D.
Collateral notes, $4,000,000,1 1910
5g A-O
4,000,000 Oct. 1 1913
Benson; Sec. & Treas.. N. A. Gibson; Local Mgr., R. D. Long.
gold ($1,000) .................c*j Int. at Fidelity Trust Co., Phila., trustee.
S
t
o
c
k
.
—
In
Jan.
1911
stock
was
listed
on
N.
Y.
Stock
Exchange.
M U S K E G O N , M IO H .
B o n d s . — The trust certs, bear 2% Int. (dating from June 1 1903) the
MUSKEGON TRACTION & LIGHTING CO.
first two years, 2/$% the third year, and increasing by
each following
In Jan. 1906 entire stock was acquired by the American Light & Traction year until 6% is reached in the tenth year, which is to be the rate thereafter.
Co. V. 82, p. 49.
Interest Is payable May and November. The Fidelity Trust Co. of Newark
ORGANIZATION.— Incorporated In Michigan on March 1 1901, and Is In Jan. 1905 offered $2,000,000 of these certificates at 110 and endorsed
a consolidation of the street railway, electric light and gas companies of upon them Its agreement to pay each year up to 1912 an additional amount
the city. Has 10-year contract from 1901 for city street lights. In Deo. of Interest to bring the aggregate stipulated rate of interest Immediately
1905 street railway franchise extended until Jan. 19 1931 and the gas up to 6% . See V. 80, p. 164. The following shows the terms upon which
franchise for 5 years. See V . 81. p 1724.
the stocks of the constituent companies were exchanged for the trust certifi
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity
cates. The stocks acquired are pledged as security for the trust certificates.
Stock $600,000 ($100)..............................................
$600,000 ...................
New Total ctfs.
Preferred $100,000 6% cum...............
0
63,000
See text
Total
‘
certlfl- If all stock
Total
First mortgage $600,000 goldf 1901 5 g M-S
600,000 Mch l 1931
stock.
deposited, cates, exchanged.
($ 1,00 0).......... - ............... .(Interest at Wyoming Valley Trust Co.,
$
%
■
(. Wilkes-Barre, Pa., Trustee.
♦North Jersey Street R y ________ 15,000,000 14,755.000 40
Bonds.— May be called after ten years at 105.
♦Jersey City Hoboken & Paterson
Dividends.— On pref. stock 6% yearly from 1902 to 1910 Inclusive.
Street R y ...................- ............... 20,000,000 19,957,200 35
ROAD.— Owns 15 miles of road and serves as a terminal for the Grand ♦Elizabeth Plainfield & Central
Rapids Grand Haven & Muskegon R y., which operates 40 miles of track
Jersey Ry. Co............................. 3,000,000
3.000,000 30
between points Indicated In tho title.
Orange & Passaic Valley Ry. C o .. 1,000,000
921,500 30
OFFICERS.— Pres., J. T. Young; V .-P ., A. P. Lathrop; Sec. and Treas., United Electric Co......................... 20,000,000 19,594,500 30
F. A. Nlm 3 , Muskegon; Asst. Sec. & Asst. Treas., C. N. Jelllle; Aud., Jas.
Lawrence.— V. 81, p. 1724; V. 82, p. 49._______
Total.................................. ............. ..................... ........................... 20,200.000
* Now merged In Public Service Railway Co., which see below.
The trust deed provides that the stocks pledged shall not be used so as to
N A S H V IL L E , T E N N .
Increase the capital stock of any of the companies, nor to create any new
NASHVILLE RAILWAY & LIGHT CO.— Street railway and lighting liens upon the respective companies except to take u d existing debt of any
system.
such company or of underlying or subsidiary companies.
ORGANIZATION.— Incorporated In Tennessee on June 26 1903. Is a
$50,000,000 Mortgage.— Of the mtge. for $50,000,000 made In 1909, first
reorganization of the Nashville Railway Co., sold under foreclosure of the $8,000,000
were sold In 1909 to a syndicate headed by J. P. Morgan & Co.
latter's 1st consol, mtge. I he Nashville Ry. was a consolidation In 1900 (V. 89, p. 721, 1348; V. 90, p. 698), the proceeds being used largely In taking
of the Nashville Street Railway, the Nashville <5o Suburban and the citi up the coll, trust notes due Nov. 1 1909. Remaining bonds may bo Issued
zens' Rapid Transit, the Cumberland Electric Light & Power and the for extensions and betterments, but only and when (up to $25,000,000 bonds
Union Light & Power Co. Owns and operates all the street railways and
par) the Income for the preceding 12 cal. months, together with the Income
does entire commercial electric-lighting business in Nashville. Franchises at
from leased properties for the same period, after deducting operating ex
perpetual. Isidore Newman & Son of New Orleans are fiscal agents.
taxes and rentals, shall exceed the sum total of ann. Int. payable
STOCK AND BONDS.—
Date.
interest. Outstanding.
Maturity. penses,
upon all bonds then out. together with those at the time about to be issued,
Common $4,000,000................ .........
Q-J
$4,000,000 J a n 'll H%
by an amount of not less than 75% of the ann. Int.; and In case of Issuance of
Q-J
2 500.000 Jan’l l , 1 >4%
Pref 5% cum $2,500,000---.............
bonds over and above $25,000,000, then only when such excess of Income
McG A Mt V Horse RR 1st M. 1888
5 j-J
65,000 July 11026
exceed Int. on all bonds out, Including those at tho time about to be
do
2d series ________ 1887
6 J-J
485,000 July 1 1937 shall
by an amount of not less than 100% of the ann. Int. For security
Nashville & Edgefield 1st mtgo 1886
6 J-J
99,000 Jan 11917 Issued,
of bonds see V. 89, p. 1348; V. 90, p. 698. These bonds will be redeemable
Consol mtge $100,000........ 1890
6 J-J
274,000 Jan 11020 on any Int. date, beginning Oct. 1 1919, at 105 & Int. Commencing Aug. 1
5 g J-J
907,000 Jan 1 1925 1913 an annual sink, fund payment of $209,500 draws bonds at 105 & Int.
Nashville St Ry 1st mortgage) 1895
$2,000,000 gold ($1,000).. Jlnt. on above 5 Issues payable In New York. Bonds are listed on New York Stock Exchange. V. 91, p. 717.
Nash Ry & Lt consol rntge) 1905
5 g J-J
4,054,000 July 1 1953
Notes are redeemable at option of company at par and Int. on any Int.
$6,000,000 gold ($1,000))Interest at Guaranty Trust C o.,N . Y ., Trus. date on 30(days’ notice. They are secured by deposit of $5,000,000Public
Service Corporation gen. mtge. bonds, ncluded In amount reported above
NMh*Ry2&UL^reT& ext mtge/ 1908
5 g J-J
1.945,000 July 11958 as outstanding. V . 91, p. 946.
$15,000,000 ($500, *1.000)4 Int. at Guaranty Tr. Co.. N. Y ., Trustee.
Leases.— In the following we show the companies held under leases by
old.............................. -.0*1 or at Nashville Trust Co.. Nashville.
Public Service Corporation, with the annual dividends called for on tho
londs.— The Nashv. Ry. & Lt. consols of 1903 are subject to call on stocks of such companies. The gas leases were all assigned to Public Ser
any Interest date on 60 days’ notice at 107
No more can be Issued vice Gas Co. in Oct. 1909 (V. 89, p. 594) and the electric leases to Public
except $56,000 now In treasury. Sinking fund $30,000 per annum, com Service Electric Co. in July 1910.
mences July 1 1913,but only If company has a surplus above charges and
— Annual Rental—Dividends Guaranteed----dlv. on pref. stock; bonds to be kept alive In sinking fund. Of the new
lsf
yr. 2d 3d 4th 5th 6th 7th 8th Thereafter
lstyr.
ref. and ext. bonds, $6,000,000 are reserved for prior liens; $55,000 are
Company—
%
%
%
% %
% %
%
% % %
% %
% %
In treasury or subject to Issue at option of company, and $7,000,000 may be
6 7
8 8 8 8 yearly.
-3 /* 4\i 5
Issued, at the rate of $1,000 for each $1,250 expended, for future Improve
.2
3
4 5
6 7 8 8
”
2«
ments and equipment, not over $700,000 to be Issued In any calendar year,
0a
and subject to certain other conditions. Bonds cannot be called
Sinking
2
3 3H 4 5 5
fund of M of 1 % of outstanding bonds starts Nov. 1 1918, bonds In sinking
S1*
fund being kept alive. See particulars of bonds, property, &c., In V. 87,
6 7
-3 /* 4M 5
8 8 8
p. 227
Dividends.— The first dividend on pref. stock— 2 H % —was paid Jan. 1 Somerset Union & Middlesex Lighting Co__________
1905 and 2
each six months since to and Including July 1910. In Oct.
& Suburban Rallwaya_____________________
1910 changed to quar. and paid \M % , and same amount quar. since to and Camden
New Brunswick Light, Heat & Power C o .__________
lncl. Jan. 1911. First dlv. on com.— 1%— was paid July 1 1909
In 1910, Tho Gas & Electric Co. of Bergen C ounty................. See those com panies.
3 % . In 1911, Jan., X % .
' nlted Electric Co of New Jersey ..___________ ___
REPORT.— Years ending Dec. 31:
Elec. Light & Power C o ................ ............
Year—
Gross. Net,aft.Taxes. Int.
Pref. Dtvs. Depr’n.
Surplus. Middlesex
Nichols Elec. Lt. fc Pow. Co. of Nutley, N. J ______
1910 --.$1,832,465 $802,439 $402,427 $125,000 $54,861
$220,151 The East Newark Gas Light Co___________________
710,497 391,353
125,000 51,513
139,631
1909___ 1,724,379
Weehawken Contracting Co
ROAD.-- Operates 81 miles of track. Has been changed from broad to
a These roads are now leased to Public Service Ry.
standard gauge. 70 to 100-lb. T and girder rails. 228 cars.
Dividends.— Plot d lv. of I % was Dald June 29 1907; 1 % was paid Sept. 30
O FF IC E R S .-P res, and Mgr., Percy Warner; V.-P., J. C. Bradford; 1907
and 1% Dec. 31 1907. In 1908, 4% . In 1909, 4 « %
In 1910,
Sec. and Treas.. H. C. Walters.— V. 86. p. 1529; V. 87. p. 38. 227; V. 88,
March, 1 K % ; Juno, I H % : Sept., l'A % : Dec., 1 H%p. 1062; V. 90. p. 503, 698, 1677; V. 91. p. 791; V. 92, p. 262.
REPORT.— For calendar years; 1910 report In V. 92, p. 263.
Gross Earnings—
1910.
1909.
1908.
N A T C H E Z , M IS S .
Railway company---------------$13,308,726 $12,114,412 $11,086,354
7,870,879
7,349,930
Gas company---------------------------------- 8,491,882
SOUTHERN RAILW AY & LIGHT C O — Street railway, gas and electric
5,117,728
4,584,682
ORGANIZATION.— Incorporated In 1908 and took over Southern Electric company---------------------------- 5,872,238
1,532,348
1,457,432
1,246,721
Light & Traction Co. (V. 85, p. 1144), which was a consolidation of the Miscellaneous---------------Natchez Electric Street Ry. & Power Co., the Natchez Light, Power &
Total gross earnings-------------------- $29,205,194 $26,560,451 $24,267,687
Transit Co. and the Natchez Gas Light Co. Gas franchise perpetual; street
...............
railway and electric lighting franchises expire In 1949. Does the entire Operating expenses and taxes_______ 14,616,300 13,331,228
street railway, gas, electric-lighting and power business of Natchez. Has
Net earnings------------------------------- $14,588,891 $13,229,223
contract with city for street lighting which expires In 1914.
Deduct—
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
stock, $45,670 ($100).................- ...........................
$45,670 ................... Interest and rentals of leased and
controlled companies_____________ $10,558,243 $10 111 403
So. Lt. & Tract. 1st m $500,-1 1903 5 g A-015
335,000 Apr 15 1933
l|689,372
000 g ($1,000)_________ c 'l l n t . at Inter-State Tr. & Bkg. Co., New Fixed charges of Public Scrv. Corp’ n . 1,835,356
125,000
j Orleans, Trustee, or at First Nat. Bk., N. Y. R eserve------------Bonds.— 5160.000 are reserved for betterments and extensions. Are sub
Total---------- ----------- ------------------- $12,518,599 $11,800,775
...............
ject to call at 105 and Int. $5,000 have been retired. See V. 76, p. 1086.
________
EARNINGS.— For year ending Dec. 31 1908: Gross, $127,365; net, Surplus for year----------------------------- $2,070,295 $1,428,148
$45,604; Interest and taxes, $22,466; surplus, $23,138.
O F F IC E R S .-P rcs,. Thos. N. McCarter; 1st V.-P., George J. Roberts:
ROAD.— Operates 6 miles of track: 12 cars.
2d V.-P., John J. Burleigh; 3d V.-P., Randal Morgan; 4th V .-P., Anthony
OFFICERS.— Pres., A. G. Campbell. Natchez: V .-P ., L. H. Dinkins, R. Kuser; Comp., Percy S. Young.; Sec., Ed. W. Hine; Treas., Jas. P.
New Orleans; Sec., Treas. & Mgr.. Frank J. Duffy, Natchez.— V. 86, p.1591
Dusenberry.— V. 86, p. 1101, 1160, 1285, 1410: V. 88. p. 53, 1002, 1500;
V. 89, p. 349, 594, 721, 847, 1348; V. 90. p. I l l , 699. 1236, 1293, 1301,
1614; V. 91, p. 95, 397, 717, 871, 946, 1513; V. 92, p. 263.
N E W A R K , N . J.
ROAD.— About 15 miles of track from Burlington, through Mt. Holly
and Hatnesport, to Moorestown. 60-lb. T rail. Gauge, 5 ft.
OFFICERS.— Pres., Wm. C. Parry; V .-P ., Albert Haines; Sec. & Treas.,
Armltt H. Coate; Mgr., John M. Smith.
S
PUBLIC SERVICE CORPORATION OF N. J .— Street railway, gas and
electric.— (See map on pages 64 and 65.)
(1)
Princeton Light, Heat & Power Co.
In 1910 Public .Service Corp. acquired control. V. 91, p. 399. Public
Service Corp. owns $110,550 stock.
ORGANIZATION.— Incorporated In New Jersey on May 6 1903 and
ORGANIZATION.— Incorporated In New Jersey on July 31 19057as a
controls, through ownership of stock. Public Service Ry. Co., Public
Service Gas Co., Public Service Elec. Co.. Orange & Passaic Valley Ry. Co. consolidation of Princeton Elec. Light Works, Princeton Gas Light Co. and
and United Elec. Co. of N. J. The stockholders of the two cos. last named Hopewell Electric Light, Heat & Power Co.
and also the stockholders of certain of the cos. out of which Public Service
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturitu.
Ry. Co. was subsequently formed (namely North Jersey Street Ry. Co., Stock $250,000 ($50)
$122,500---------------- -
Jersey City Hoboken & Paterson St. Ry. Co. and Elizabeth Plainfield & 1st ref mtge $250,000 g s fl---1909------ 5 g F-A
*177,000 Feb 1 1939
Central New Jersey Ry. Co.) were given certificates described below In cxch.
($100, $1,000 or fr a c )-..c * /I n t. at Trust Co. of America, N. Y. .trustee
for their stock. See plan In V. 76, p. 865, and also p. 1249. The Fidelity Prior lien mtges (3 Issues)....................................
23,000 ............ ,......
Trust Co. of Newark financed the transaction.
Controls practically the entire street railway business of Northern New
* $160,000 of the $177,000 outstanding bonds are guar. p. & 1. by Public
Jersey and the gas and lighting Interests of the greater part of New Jersey Service Corp.
Also owns entire capital stock of Middlesex Electric Light & Power Co.,
Bonds.— $23,000 of 1st & ref. bonds are reserved to retire like amount o*
Morristown Gas Light Co. (V. 91, p. 95), Nichols Elec. Lt. & Power Co. of prior
Redeemable on any int. day at 105 and Int. Sinking fund
Nutley, N. J., Citizens’ Elec. Light. Heat & Power Co. (Perth Amboy, N.J.) 4% ofliens.
gross earnings of company begun In 1910.
and Burlington Elec. Lt. & Pow. Co.; a majority of stock of Princeton Light,
OFFICERS.— Pres., Frank Bergen; Sec., II. C. Stevenson; Treas.,
Heat & Power Co. aud practically all the common stock of N. J. & Hudson
J. P. Dusenberry.— V. 91. p. 399.
River R y. & Ferry Co.
ELECTRIC RAILW AYS
F e b ., 1 9 1 1 .|
(2) Burlington Electric Light & Power Co.
In Deo. 1910 Public Service Corp. acquired entire capital stock.
ORGANIZATION.—Stock autti., $25,000 ($50); outstanding, $17,550.
PUBLIC SERVICE ELECTRIC CO.
Controlled by Public Service Corporation by ownership of entire capital
stock.
ORGANIZATION.— Incorporated In New Jersey on June 13 191u.
Leases.— In July 1910 Public Service Corp. assigned to Public Service
Electric Co. the leases of United Elec. Co. of N. J., Middlesex Elec. Lt. A
Power Co., Wcehawken Contracting Co., Nichols Elec. Lt. & Power Co. of
Nutley, N. J., and Citizens Elec. Lt., Ht. & Power Co. and theelectrlc
ropertles of South Jersey Gas, Elec. A Trac. Co., The Paterson A Passaic
Gas A Elec. Co., Somerset Union A Middlesex Lighting Co. and The Gas
A Electric Co. of Bergen County. For dividend rates of these latter see
Public Service Corp. above. Also leases and operates the power stations
owned by Public Service Ry.C o. Operates the Burlington Elec. Lt. & Pow.
Co., all of whose stock Is owned by Public Service Corporation.
Stock authorized, $15,000,000; outstanding, $6,750,000; all owned by
Public Service Corp. No bonds.
Dividends.— Initial dividend— 1%— paid Dec. 31 1910.
EARNINGS.— For 6 mos. end. Dec. 31 1910, gross, $3,064,421; net, $1,
671.151; fixed charges, $1,555,876; dlv. (1% ), $67,500; surplus, $47,775.
PROPERTY, ETC.— On Dec. 31 1910 had 23 generating stations and 43
sub-stations, with a total capacity of 148,232 k.w.; 340 miles of transmission
line and 74 miles of conduit. Meters, 62,515; street arc lamps supplied,
11,343; and 16,209 street Incandescent lamps.
OFFICERS.— Pres., Thos. N. McCarter; V.-P., George J. Roberts;
Comp., Percy S. Young; Sec., Ed. W. IUne; Trcas., Jas. P. Duscnbcrry;
Gen. Mgr., Dudley Farrand.
United Electric Co. of New Jersey.
ORGANIZATION. —Organized June 1 1899.
Lease.— Leased July 1 1907 for 999 years to Public Service Corporation.
In July 1910 lease assigned to Public Service Electric Co.
Under
the lease the $400,000 surplus cash assets of company were divided and a
special dividend of 5% was paid June 29 1907 (V. 85, p. 44). Rental is
3% for two years, 4% for next two years and 5% thereafter. V. 85, p. 44
Public Service Corporation owns practically all of this company’s stock.
BONDS.—
Date.
interest. Outstanding.
Maturity.
Stock, $20,000,000 ------- ---------------------------- $20,000,000 Jan'11, 2 %
1st mtge $20,000,000 gotdl 1899
4 g J-D
18,617.500 June 1 1949
($500 and $1 000 ) ...... .e * /ln t. at N.J.Tltle Guar. 8s Tr. Co. J.C .. Trus.
Con Lt Heat & Pow $1,000, 1898
5 g J-D
308,000 June 1 1938
000 ($500) g old.. . . . . . . Int. at N.J Title Guar A l'r.Co , J.O., Trustee
No Hudson Lt Heat & Pow 1898
5 g A-O
367,000 Oct 11938
$2,000,000 ($1,000)______ Int. at N.J.Tltle Guar.ATr.Co. J.C., Trus.
Bonds.—-In addition to the above there are $115,000 Con. Lt. (It. A Pow.
bonds In hands of trustee. Int. on 1st mtge. Is guaranteed by Pub. Ser.
Corp., which also agrees to provide for payment of prln. by extension, re
funding or otherwise. V. 00, p. 114. 1st mtge. bonds are reserved to re
tire Con. Lt. Ht. & Pow. and No. Hud. Lt. Ht. & Pow. bonds.
Report.— Gross, year ending Mch. 31 1910, $3,277,384; net, after taxes,
$1,866,056; Int., $779,226; surplus, $1,086,830. In 1908-09, gross $2 901,691; net, after taxes, $1,609,069; Int., $779,210; surplus, $829 859
V. 85, p. 44, 288, 415; V. 90. p. 114, 1106.
Middlesex Electric Light & Power Co.
ORGANIZATION.— rs a consolidation of Carteret Electric Light A
Power Co. and Middlesex Lighting Co. Was leased May 1 1908 for 900
years to Public Service Corp. for an annual rental of 5% on stock and Int.
on bonds. Lease assigned to Public Service Electric Co. in July 1910.
Stock all owned'by Public Service Corporation.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturltv.
$175 000 .
Stock. $200,000 __ _____ __
First mortgage, $200,000,/ 1905’
5g"j-’ j ‘
176,000 Jan~'l'l9"55
gold
---------------------- \Fidelity Trust Co., Newark, trustee.
Bonds. —Of toe bonds, $24,000 are reserved for Improvements.
Nichols Electric Light & Power C o. o f Nutley. N. J.
ORGANIZATION.— Incorporated In New Jei-sey. Stock $25,000 ($50);
all owned by Public Service Corp. No bonds. Was leased May 1 1908 for 900
years to Public Service Corp. (lease assigned to Public Service Electric Co.
In July 1910) for an annual rental of 10% on stock.
W cehawken Contracting Co.
ORGANIZATION.— Inc. In New Jersey May 9 1904. Is leased to Public
Service Corp. for bond hit. and 6% on pref. stock. Lease assigned In July
191° to Public Service Elec. Co. Stock all owned by Public Service Corp.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturltv.
..................
$70,000 __________
Stock, com. $70,000 ($50)................
Pref. $41,050 ($50)__________ _______________ _
41,050
. . . .
First mortgage, $30,000 gold/ 1908
6 g F-A 20
30,000 Feb .20 1928
($2o0) ............................ c* (Interest at Weehawken Trust Co., trustee.
Citizens Electric
Light
Heat &
Power Co.
Leased to Public Service Corp. June 15 1910 for 999 years, and In July
1910 lease assigned to Public Service Electric Co.
ORGANIZATION.— Incorporated In New Jersey on March 1 1905.
Stock auth., $125,000 ($25); outstanding, $41,400; all owned by Public
Service Corporation.
PUBLIC SERVICE GAS CO.
“
75
The East Newark Gas Light Co.
0 This company was leased to Public Service Corporation for 999 years from
to Pubile Scrv^txf Gas Co1441 of 6 oa stock>aad lease assigned Oct. 11909
«n(^ H ^ Ii?A 5 IONc;— Incorporated In New Jersey. Stock $60,000 ($25);
Consol’
by Essex A Hudson Gas Co., Newark
mS i, A
d . f u^ ic Service Corp. Operates In Harrison, Kearny,
Arlington, North Arlington and East Newark.
,
,
Hudson C ounty Gas Co.
f r o ^ r W , WariilaSiec} « m ? uI)IIc Service Corporation for 900 years
FnrHivnrntos9«oo p ,?kiV V ° 0,9 lease was assigned to Public Service Gas Co.
Foh d h 'a
I(; ServIce Corporation above.
r„xcW ;— incorporated in New Jersey In October 1899, aud
1 s t o c k i i i n R n v n ? arto!18^ piants ln Jcrscy City and Hoboken.
stoJk$Cio , 500 .0 0 0 8 S o o ) ;~ - _
! nter! st: ix T l'o fo o o
MaturilvFirst mortgage $10,500,0001 1899
5 g M-N
loiaOO.OOO Nov* 11949
R idgew ood Qas Com pany.
ORGANIZATIOX.— Incorporated April 24 1900. Is leased to Public
STOCK' A N n ° R O ^ r
n i* Uly 1 } 910 ^ t a l of $2,000 per annum.
stock? $?oo ooo -
. ~
s l-
Maturit« -
First mortgage, $100,000_../ i566
5 J-D
100,000 June" l‘ i 925
„
,
lin t, at Trust Co. of Amcr., N. Y .. Trustee
Second mortgage, $100,000./ 1905
5 A-O
85,000 Oct 2 1925
lin t, at Fidelity Trust Co., Newark, Trustee.
iWorristown Gas Light Co.
In 1910 Public Service Corporation acquired all the capital stock of this
company. V. 91, p. 95.
ORGANIZATION.— Incorporated ln New Jersey on Feb. 19 1855
Leased to Public Service Gas Co. for 999 years from July 1 1910. Rentai
?3.ua‘ t0
Per ann- on outstanding capital stock. Stock out, $367,500
($100), all owned by Public Service Corporation. No bonds.
The Paterson & Passaic Gas & Electric Co.
This company was leased to Public Service Corporation for 900 years
from June 1 1903. See dividend terms further above. In Oct. 1909
gas part of lease assigned to Public Service Gas Co. and In July 1910 electric
Part of lease assigned to Public Service Electric Co.
ORGANIZATION.— Is a consolidation of the various gas and lighting
properties of Paterson and Passaic.
STOCK AND BONDS.— Date.
Interest. Outstanding. Maturity.
Stock $5,090,000 ($100). . —
—
J-D
$5,000 000
Cons mtge $5,000,000 goldf 1809 5 g M-S
4.034;000 Mch 11949
tS 1,000) .......................... f*(In t. at First Nat. Bank, Paterson, or First
„ .
,
l National Bank. New York.
600,000 July 1 1925
Ed El 111 1st mtge .................. 1895 5 g J-J
Passaic Ltg Co con mtge------- 1895
5 g M-N
316,000 May i 1925
Passaic Gas Lt 1st m tge--------- 1892
6 g J-D
50,000 June 1 1922
Bonds.— Of the new $5,000,000 mtge. of 1899, $963,000 Is reserved for
underlying Hens. The new bonds are not subject to call. The Paterson
Safe Deposit & Trust Co Is trustee.
Somerset Union & Middlesex Lighting Co.
ORGANIZATION.— Incorporated ln New Jersey on Dec. 1 1903, ln the
interest of Public Service Corporation, as a consolidation of Somerset Light
ing Co. of Somerville. N. J., Plalnlield Gas & Electric Light Co. of Plainheld, N. J.. and Citizens’ Electric Co. of North Plainfield. (V. 78, p. 107.)
On Dec. 31 1903 Central Electric Co. was also merged In the same.
LEASE.— The company was leased to Public Service Corporation Oease
since Oct. 1 1909 runs to Public Service Gas Co.) for 900 years from
Dec. 31 1903 on the following terms, viz.: all Interest, expenses and
taxes to be paid by Public Service Corporation, and as rental a dividend
on the stock accruing as follows: From Dec. 1 1905, 1 %■ Dec. 1 1906.
1 M %; Dec. 1 1007 2%; Dec. 1 1008, 2 A %; Dec. 1 1909, 3% : Dec. 1 1910
3 A % : Dee. 1 1911 and thereafter, 4 % . So much of lease as relates to
manufacture and distribution of gas has been assigned toPubllcSer Gas Co •
remainder of lease applying to electric properties has been assigned to
Public Service Electric Co.
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturltv.
Stock $1,050,000 ($100) ................
J-D
$1,000,000
See text
Somerset Un & Mid Lt Co Ml 1903 4 g J-D
1,973,978 Dec 1 1943
$2,750,000 ($1,000) g. .c*J Int. at]Fidelity Tr. Co., Newark, Trustee.
Underlying Bonds assumed —
Plalnlield Gas A Elect Lt gen) 1900
5 A-O
460,000 April 1 1940
mtge $500,000 ----- . . . ./M orton Trust Co , New York Trustee.
Citizens’ Electric 1st mort-1 1895 5 M-N
40,000 Nov 1 1915
gage, $40,000 ----------------- / Knickerbocker Tr. Co., New York, Trustee.
Somerset Lighting Co 1st) 1899 5 F-A
150,000 Feb 1 1939
mortgage, $150,000 .........../Fidelity Trust Co., Newark, Trustee.
Cent Elec consol mtge $750,-1
1900 5 g J-J
700,000 July 1 1940
000 ($500 and $1,000) g.c^JInt. at Fidelity Tr. Co.. Newark. Trustee.
Edison Elect 111 of N B 1st) 1888
6 J-D
50 000 June 1 1918
mortgage $50,000 ____ . . f
Bonds.— $1,097,978 of the 1903 bonds have been Issued ln exchange for
the stocks of the companies consolidated and $876,000 for extensions and
Improvements; $897 Is reserved for Central Electric stock not yet acquired
(the company having previously obtained the remainder of the $750,000
total stock of that company), $775,000 to retire the underlying bonds and
$125 for future additions and improvements. No sinking fund, and bonds
cannot be called. Of the $500,000 Plainfield Gas A Electric general 5s,
$40,000 is reserved for prior liens. Of Central Electric Co. bonds, $50,000
Is reserved to retire a like amount of Edison Electric Illuminating Co. bonds.
Central Electric bonds are subject to call after 1905 at 110 and Interest.
Pres., H. G. Runkle; Sec., J. C. Pope. V. 78, p. 107.
Controlled by Public Service Corporation by ownership of entire capita
stock .
ORGANIZATION.— Incorporated In New Jersey and was created by
ohanglng the name of the old Oxy-IIydrogen Co. of the United States
(Incorporated In New Jersey In 1873). This latter Is said to have had a
perpetual charter under legislative grant conveying the right to manufac
ture and distribute gas throughout the State. Company lias no bonds.
Leases.— On Oct. 1 1909 Public Scrv. Corp. assigned to Public Service Gas
Co. the leases of Essex A Hudson Gas Co.. Newark Consolidated Gas Co.,
.
Soulh Jersey Gas. Electric & Traction Co.
The East Newark Gas Light Co. and Hudson County Gas Co.,and,In so far
as they relate to the manufacture and distribution of gas, the leases of South r T , .c° mPany was leased to Public Service Corpor’n for 900 years from
Jersey Gas Elec. A Trac. Co.. The Paterson & Passaic Gas & Elec. Co., June 1 1903 (see dlvs. guaranteed under Public Service Corp. further above),
Somerset Union A Middlesex Lighting Co. and The Gas & Elec. Co. of Bergen and on Oct. 1 1909 so much of lease as relates to the manufacture and dis
County. V. 89, p. 594, 721. For dlv. rates, see Public. Scrv. Coro, above. tribution of gas was assigned to Public Service Gas Co. Its traction busi
ness Is leased to Public Service Ry. Co. and its electric business Is leased
On July 1 1910 leased Ridgewood Gas Co. and Morristown Gas Light Co.
Stock, $10,000,000: $6,500,000 outstanding; all owned by Pub. Ser. Corp. to Public Service Electric Co.
ORGANIZATION.— Incorporated In 1900 to bring under one control
Stock will be Issued (V. 89, p. 594) from time to time at par to Public
the gas, electric light and trolley Interests In Southern New Jersey. In
Service Corp. only for cash or for Improvements at actual cost thereof.
Dec.
1902 purchased the entire capital stock of Bristol Electric Light A
Dividends.— Initial dlv.— 2 % — paid Dec. 31 1909. In 1910, 2 ' A % .
Power Co. of Bristol, Pa.; the latter has no bonded debt. Also owns the
EARNINGS.— For calendar year 1910, gross, $8,480,731; net, $4,641, capital stock of the Yardley (Pa.) Elec. Lt. Heat A Power Co.
609; llxed charges, $4,442,814; divs. (2Vi%), $162,500; surplus, $36,295
Also owns the entire capital stock ($600,000) of the Camden Gloucester
PR OPE R TY, Ac.— In 1910 sold 8,397,715,674 cu. ft. of gas. Jan. 1 A Woodbury Ry , which has been leased to Public Service Ry. Co.
1911 had 2,452 miles of mains and 359,458 meters In service.
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturltv
J-D
$6,000,000
See text
Stock $6,000,000 ($100)....................
Essex & Hudson Gas Company.
!>g M-S
12,378,000 Mch 1 1953
ORGANIZATION.— Incorporated In Nov. 1898 In New Jersey and on 1st mtge $15,000,000 gold) 1903
($1,000)------------------- ,c*/In t. at Fidelity Tr. Co., Newark,N.J. Trus.
Dec. 1 1898 assumed the lease of Newark Consol. Gas Co. to United Gas
5 g M-S
2,000,000 Mch 1 1949
Improvement Co. for 999 years from Dec. 1 1898. Essex & Hudson Gas Trenton G A El 1st M $2,000,-1 1899
000 gold ($1.000)-------------/interest at Trust Co. of Am.. N. Y .. Trustee.
Co. was leased to Pub. Service Corp. for 900 years from June 1 1903 and
5 g M-N
100,000 May 1 1921
lease assigned Oct. 1 1909 to Public Service Gas Co. For terms of lease see Burlington Gas Lt Co 1st M._ f 1901
$100,000------- ------------------ \Int. at Burl’ n City L. AT.Co., Burl’ n, trustee.
,PorP; abovc- stock authorized and outstanding, $6,500,000.
B o n d s .— Of the new S15.000.000 issue, $2,108,000 are reserved to retire
OFFICERS.— Pres., J. F. Shanley; V .-P ’s, G. R. Gray and Spencer
prior liens and $514,000 for additions and Improvements. No sinking fund
Weart; Sec., W. I . Douthlrt; Treas., Lewis Lillie. V 67, p. 1002, 1160.
and bonds cannot be called.— V. 76, p. 332. 544, 866. 1144. 1250- V 78
Newark Consolidated Gas Comnanv.
p. 1449; V. 86, p. 1530.
..................................
New Brunswick Light, Heat & Power Co.
ORGANIZATION.— Incorporated In New Jersey on Dec. 7 1899. Owns
all the stock of The Gas Light Co. of New Brunswick, except directors’
shares. Int. on bonds and dlv. on stock Is paid by Public Service Corpora
tion through lease of The Gas Light Co. of New Brunswick. See latter
date lease was assigned to Essex A Hudson Gas Co. and by last-named company below.
STOCK AND BONDS—
Date.
company to Public Service Gas Co. Oct. 1 1909. Lease provides for pay
Interest. Outstanding. Maturity.
ment of all fixed charges and dlvs. on stock commencing A % July 1 1900 Stock, $500,000 ($100) . . ............ ..
J-J
$400,000 See text.
and increasing A % yearly until 5 % Is reached In 1910; thereafter 5 % per an. First mtge, $500,000,
-- --- —gold/
. , T1899 4 g J-D 15
500,000 Dec.15 1939
($500 and $1,000).......... c*\Int. at Fidelity Trust Co., Newark, trustee.
STOCK AND BONDS—
Date.
Interest. Outstanding. M a t u r l t v .
OFFICERS.— Pres., John C. Elsele, Newark; Sec., H. M. Barrett;
Stock, $6,000,000 ($100)........................ ................. $6,000,000 See text.
Treas.,
Nathaniel
King,
Newark.—
V.
79,
p.
2799.
Newark Cons Gas cons mtge) 1898 5 g J-D
6,000,000 Dec 1 1948
$10,000,000 g ($1,000) . . c * (Int. at Fidelity Trust Co.. Newark, trustee.
(a) The (las Light Co. of the City of New Brunswick.
Newark Gas 1st mtge $4,000,-1 1895 6 Q-J
3,999,700 April 1 1944
ORGANIZATION.— Incorporated on Mch. 18 1851. Stock authorized
000 ($100, $500A$1,000)c*J Int. at Fidelity Trust Co., Newark.
and outstanding, $400,000; all owned by New Brunswick Lt., Ht. A Pow.
Bonds.—Of the $10,000,000 Newark Con. Gas bonds, $4,000,000 are re Co., except directors’ shares. Was leased to the Public Service Corporation
served to retire underlying liens.
for 900 years from Jan. 1 1905 (June 1 1906 lease assigned to South Jersey
OFFICERS. — Pres., T. A.JNcvIns; V .-P ., Wm. Schcerer; Sec. A Treas
Gas, Elec. A Trac. Co.), rental being payment of Int. on bonds of New
E.IW.BCampbcll
Brunswick Lt., Ht. A Pow. Co. and dlvs. on stock of said company, as fol-
ows: 2% In eacli of the years 190o a,nd 1906 , 2 % In 1907 and 1908 ,
3% in 1909 and 1910, 3 /* % In 1911, 4 % In 1912, 4/* % In 1913 and 5 /0
in 1914 and thereafter. The company Is now controlled by Public Service
Gas Co by reason of assignment of lease of gas properties of South Jersey
Gas, Elec. & Trac. Co. to Public Service Gas Co.
Gas & Electric Co of Bergen County.
L E A S E __Was leased to the Public Service Corporation for 999 years from
Jan. 1 1905. Dividends are 2% for first two years, 24*% for the
next year, 3 % for the next two years, 4 % for the next four years and 5 %
thereafter
Oct 1 1909 so much of lease as relates to manufacture and
distribution of gas was made over to Public Service Gas Co. and in July 1910
lease of electric properties was assigned to Public Service Electric Co.
ORGANIZATION.— Inc. May 31 1899. Is a consolidation of several
small gas and electric-light companies.
STOCK AND BONDS—
Dale.
Interest. Outstanding. Maturity
Stock, $2,000,000 U 100).......................................
$2,000,000
See text.
General mortgage, $0,000,000/ 1904
5 g M-N
46,000 Nov. 1 1954
gold ($1,000)______- _____ (Bowling Green Trust Co., N. Y., Trustee.
General mortgage $5,000,0001 1904 5 M-N
1,829,000 Nov. 1 1954
/Fidelity Trust Co., Newark, Trustee.
Consolidated mortgage, $1,-1 1899
5 g J-D
1,436,000 June 1 1949
500,000 g o ld ___________ (Fidelity Trust Co., Newark. Trustee.
Englew G & E general nitge— 1899
5 J-J
23,000 Jan. 1 1939
Hack Gas & Elec deb Series 1 . 1897
6 J-J
3,000 Jan. 1 1917
Hack Gas & Elec 1st m tg e ---- 1895
5 J-J
10,000 July 1 1935
Hack G L 1st mtge ($1,000).-c 1894
5 J-J
28,000 July 11934
Bonds.— Of the genera! mortgage tor $5,000,000, $1,516,000 Is reserved
to retire prior liens and $1,625,000 for additions and Improvements. The
gen. mort. of which the Bowling Green Trust Co. is trustee, was superseded
by the similar mtge. of which Fidelity Tr. Co. is trustee. V. 80, p. 653.
OFFICERS.— Pres., Dr. D. St. John, Hackensack.— V. 80, p. 653.
PUBLIC SERVICE RAILWAY CO.—See map on pages 64 anl 65.
Controlled by Public Service Corporation through ownership of 99%
of stock. No lease.
ORGANIZATION.— Organized in 1907 as a consolidation of the North
Jersey Street Ry. Co., Jersey City Hoboken & Paterson St. Ry. Co. and
United Street R y. Co. of Central Jersey. V. 85, p. 406. North Jersey
Street R y. in Jan. 1898 absorbed the Newark & South Orange. The
Jersey City Hoboken & Paterson was a consolidation In November 1899
of the following: Jersey City Hoboken & Rutherford Electric Ry. Co., Pali
sades RR. Co., Paterson Central Electric Ry. Co., Paterson Horse RR. Co.,
Paterson Passaic & Rutherford Electric Ry. Co., Saddle River Traction C o.,
White Line Traction Co., formerly the New Jersey Electric Ry. Co. In
1901 it absorbed Paterson Ry. Co. and North Hudson Co. Ry. Co., United
Street Ry. Co. of Central Jersey was a consolidation in July 1907 of Eliza
beth Plainfield & Central Jersey Ry. Co. (which was chartered in 1900 as a
consolidation of Plalnlleld Street Ry. Co. and other companies) and Eliza
beth & Raritan River Street Ry. Co. (which was a consolidation on April 30
1904 of Middlesex & Somerset Traction Co. and East Jersey Street Ry. Co.,
which latter company had previously absorbed Raritan Traction Co.,
Perth Amboy RR. Co. and East Jersey Traction Co.
In addition to above Public Service Ry. leases Consolidated Traction Co.,
South Orange & Maplewood Traction Co., Bergen Turnpike Co., Orange <Ss
Passaic Valley Ry. Co., Camden & Suburban Ry. Co. and Camden Glouces
ter & Woodbury Ry. Co., which companies see below.
Also owns all stock of People’s Elevating Co.
Operates the New Jersey & Hudson Illv. Ry. & Ferry Co., practically all
of whose common stock is owned by Public Service Corporation.
It Is planned to build terminal station at Jersey City, connecting with
the Penn. R R . station and also with the tunnels terminating there.
A terminal station at Hoboken connecting with the D. L. & W. RR.
station and also with the tunnels terminating there was completed In May
19H).
„
The basis of exchange of old stock for stock of this company is as follow?
Receive New Stock
Total
Total
in new if all Stock
Name of Company—
Stock..
Deposited Stock.
Exchanged
North Jersey Street R y . . . $15,000,000 $14,757,300 100% $15,000,000
Jersey City Hob. & P a t ...
20,000,000 19,959,(00 100%
20,000,000
United St.Ry.Co.of Cent.J.
4,000,000
4,000,000 75 %
3,000,000
$38,000,000
Total................................ $39,000,000 $38,716,300
STOCK AND BONDS.
Date.
Rate.
Outstanding.
Olv etc
Stock. $38,000,000 ($100)-------------------- - v Dec3U ° t £ T “
Car trust certfs., Series’ ‘ A” , j 1908 6 J-J
jj60,000
See text.
(Interest at Fidelity Trust Co., Phlla., Pa.
Car trust certificates, Series'! 1910 5 J-J
428,000
See text
•■B”
jln t. at Fidelity Trust Co., Phlla., Pa.
Cam. & Sub. car trusts $70,000/ 1004 5 ? A - 0
, o ,,„2n’l 00i T ,
(in t.at Camden(N. J.)Safe Hep.j5c Tr.Co.lrus.
165,185
Real estate mortgages.
'c a r trust certificates Series‘“ A ” 'were formerly an obligation of the Public
Service Corporation, but lease of equip, trust cars was assigned to I ubllc
Service Rg. Co. and cert, obligation assumed by Railway Co. They mature
S40 ooo semi-annually July 1 and Jan. 1. Series B certificates mature
$2° 000 on“ aohJan. i and $23,000 on July 1. Camden & Sub. car trusts
mature $7,000 annually on April 1 until and lncl. 1914; $42,000 have been
retired.
•
SECURITIES OF NORTH JERSEY STREET RY.
Date.
Interest.
Outstanding. Maturity.
First mortgage, $15,000,000,/ 1898
4 g M-N $15,000,000 May 1 1948
gold ($1 000 each)...............(Manhattan Trust Co., New York, Trustee.
go W
(Interest at Fidelity Trust Co.. Newark. N. J.
SECURITIES OF JERSEY CITY HOBOKEN & PATERSON ST. R Y .
Date.
Interest.
Outstanding. Maturity
Jersey City Hoboken & Pater-1 1899 4 g M-N $14,061,000 Nov 1 1949
erson 1st mtge gold. $20 ,- (Interest at New Jersey Title Guarantee &
000,000 ($1,000).............c*J Trust Co., Jersey City, Trustee.
Bonds of Constituent Cos.—
„
„ „„
N. Hud. Co. Ry. mtge.($1.000) 1884 6 J-J
$620,000 Jan 1 1914
North Hudson County Ry.l
_ „ „
____ __
_ . ______
consol mortgage $3,000,000) 1888
5 J-J
2,378.000 July 1 1928
$620,000 to retire 1st M.c*J Int. at First Nat. Bank, Hoboken.
N. Hud. Co.Ry. lmpt. mtgc.,1 1894 5 M-N
1,291,000 May 11924
$1,500,000 ($1,000)______jln t. at Fidelity Trust Co., Newark, Trustee.
Wcehawken Extension Mort-l 1895 5 F-A
100,000 Feb 1 1915
gage ($i 00,000).............. _ . / Central Trust Co., New York, Trustee.
Paterson Ry Con M (now 1st) 1 1891 6 g J-D
1,250,000June 1 1931
gold $1,250,000 ($1,000) _cj Knickerbocker Trust Co., N. Y., Trustee.
Paterson Ry second gen mtge) 1894 6 A-O
300,000 Oct 1 1914
$300,000, red at any time]Paterson Savings Institution, Trustee.
Bonds.— $5,930,000 J. C. II. & P. first 4s are reserved for prior Hens.
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. V. 78, p. 1392.
SECURITIES OF UNITED ST. R Y . CO. OF CENTRAL JERSEY.
Bonds of Constituent Cos.— Date.
Interest. Outstanding. Maturity.
EIlz. Plain. & Cent. Jers. M( 1900 5 g J-D
$2,400,000 Dec 1 1950
$2,500,000 ($1,000) gold .c*l Interest at Fidelity Trust Co., Newark.
No. s. f. & cannot be calledj Trustee.
, , „
Plainfield Street Ry. first M( 1802
5 J-J
100,000 July 1 1922
($1,000) c* ----- Call In 1904/Int. at Fidelity Trust Co.. Newark, Trustee
Elizabeth & Raritan Rlv. St.( 1904
5 g M-N
1,500,000 May 11954
Ry. gen. mtge, $3,500,000/Fidelity Trust Co., Newark Trustee
500,000 July 1 1926
Brunswick Traction mtge, g\ 1896
5 g J-J
($1,000) e*cannot be called) Fidelity Trust Co, Newark, Trustee
1,000,000
Jan 1 1950
Middlesex & Somerset Trac gl 1900
5 g J-J
.
.
M $1,500,000 ($ l,0 0 0 )..c * /ln t. at Fidelity Trust Co., Newark, Trustee.
East Jersey first mtge, $500.-\ 1904
5 g M-N
500,000 May 11944
000, gold, guar p and 1----- )Perth Amboy Tr Co.. Perth Amboy, Trus.
Bonds.— Of the total issue of Ellz. Plain. & Cent. Jcr. Ry. Co. bonds dated
1900 5100,000 is held to provide tor like amount of Plainfield Street Ry. Co.
bonds
See V. 71, p. 1310. Of Ellz. & Raritan River Street Ry. Co.
gen. nitge. of 1904, $2,000,000 are reserved to retire prior liens.
Dtvs.— First dtv.— 2-3% — paid Deo. 31’08; In ’ 09,Dec., 2% ; In ’ 10, 2% .
REPORT.— See Public Service Corporation and V. 92, p. 263. For cal.
year 1910, gross, $12,822,621; net, after taxes, $5,135,430; fixed charges,
$4,305,757; dlvs., $754,326; other deductions, $23,002; surplus, $52,345.
Passengers carried in 1909, 319,720,235, of which 238,171,257 were revenue
and 81,548,978 transfer and passes. In 1908, 219,421,974 revenue, 74.
688,628 transfer and passes; total 294,110,602.
ROAD.— Owns 415.416 miles 1st main track, 241.864 miles 2d main
track and 37.606 miles turnouts, yard track, &c. Total, 694.886 miles of
track. 506 open and 1,391 closed cars.
OFFICERS — Pre1*.. Tims. VV. McCarter; 1st V. P.. Geo. J. Roberts,
2d V.-P.. J. J. Burleigh; 3d V.-P., Randal Morgan: 4th V .-P ., A. R. Kuser.
Comp., P. S. Young; Sec., E. \V. Hlne; Treas., J. P. Dusenberry; Gen.
Mgr., R. E. Danforth; Gen. Aud., M. R. Boylan.— V. 85, p. 406, 1271;
V. 88. p. 53; V. 89, p. 226.
(1) Consolidated Traction Company.
Incorporated March 15 1893. On June 1 1898 leased to North Jersey
Street R y. for 999 years, and lease has now passed to Public Service Ry. Co.
V. 66, p. 1141. Validity of lease was affirmed in Feb. 1902 (V. 74, p. 380)
and
* p. 382.
d again in Feb. 1903. ”V. 76,
Dividends under lease are:
1905.
Thereafter.
1899-1901
1902.
1903-1904.
2%
2 /* %
3%
3 J* %
4%
Outstanding.
MaturitySTOCK AND BONDS—
Date. Interest.
Stock, all paid in ($100)___________
J-J 15
$15,000,000
See text
Underlying bonds— see b e lo w ___
______
7,308,000 __________
15,000,000 June 1 1933
1st mortgage, gold, $15,000,-1 1893
5 g J-D
000 ($1,000) ...................... jlnterest at Manhattan Tr. Co., N. Y ., Trustee
The gold bonds of 1893 are secured not only by mortgage, but also by
deposit of $1,000,000 stock of J. C. & Bergen R R ., $161,625 stock of
Newark Plank Road Co., $6,000,000 stock Newark Passenger Ry. and $99,
100 stock of Jersey City Harrison & Kearney Ry. Co.
ROAD.— Operates about 19 0 miles of track, including:
N. J. Traction Co.........Stock owned! J. C. Har. & K. R R
Stock owned
Newark Passenger Ry.Stock owned |Newark Plank Road
Stock owned
J. C. & Bergen HR___ Stock owned |
Passaic & Newark El ..S tock owned|
Stock, debts and mileage of the leased and controlled lines:
Funded debt.
Allies.
Stock.
New Jersey Traction Co.....................None
$500,000
Newark Passenger R y...................... 83
6,000,000
$6,000,000
Rapid Transit Street R y .................. 12
504,000
500.000
1,000.000
Jersey City & Bergen R R .................. 41/*
258.000
Jersey City Harrison & Kearney Ry.10
*100,000
Newark Plank Road.......................... 4 4-5
162,000
Passaic & Newark Electric Traction. 10 %
1,000,000
550,000
Port Richmond & Bergen Point F erry__
4,000 shares
* On this $18,000 has been paid In.
(a) Jersey City & Bergen Railroad.
ROAD.— Owns from Jersey City to Bergen Point, &c., total track, 41/*
miles. Controlled by Consolidated Traction Co., all the stock being de
posited as part security for the Traction Co. 1st mortgage.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
S t o c k . . ...................................................................
$1,000,000 f.p. ...........
First mortgage, $1,000,0001 1873
4/* J-J
258,000 Jan 1 1923($1,00 0)__ _____ ______ c*/ln t. at M an.Tr.Co.,N.Y.,or 1st Nat.Bk.,J.C.
Bonds.— The bonds (originally 7s) matured Jan. 1 1903, but were ex
tended as 4 Z*s for 20 years from that date.
(b)
Newark Passenger Railway,— Electric.
ORGANIZATION.— Incorporated June 16 1800. On July 29 1803
leased to New Jersey Traction for 999 years, and so controlled by the Con
solidated Traction Co. of New Jersey, N. J. Traction Co. having been leased
to Consol. Trac. Co. Jan. 2 1894 for 999 years. Charter said to be perpetual.
LEASE AND RENTAL.— Rental under the lease, $105,000 yearly.
STOCK AND BONDS—
Par.
Interest. Outstanding.
Maturity.
S to c k ---------------------------------- $100
Text
$6,000,000 Own.byC.Tr.
Newark Pass Ry 1st conll.OOO
5 g J-J
6,000,000 July 11930
1890, $6,000,000, g o ld ..c* /N . J. Title Guar. <fe Trust Co,, 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 City.
The consols are guar., prln. & Int., by Consolidated Traction Co., and in
Feb. 1895 the guaranty was stamped on bonds. V. 59, p. 969.
ROAD.— Embraces about 83 miles of track.— V. 81, p. 900. ’
(c) Rapid Transit Street Ry. Co. of the City of Newark.
ORGANIZATION.— June 1 1893 leased to Newark Passenger R y., and
Included with It In lease to New Jersey Traction, and so forms part of
Consolidated Traction system.
STOCK, BONDS, ETC.—
Par.
Interest. Outstanding. Last dir.,Ac
Stock, trustees’ certificates..............
11/IJ-D 30
$504,000
See tex
First mtge, $500,000, g - ..c * l 1,000 5 g A-O
500,000 April 1 192
Subj. to call at 110 & int./Int. at Fidelity Trust Co., Newark, Trustee.
Dividends of 11 % % yearly are guaranteed by the Newark Passenger and
New Jersey Traction companies upon the trustees’ certificates Issued for
stock. Miles of track 12.07.
(d)
Passaic & Newark Electric Traction Co.
ORGANIZATION.— Incorporated April 30 1895 and acquired all tho
$1,000,000 stock of Passaic & Newark Electric Ry. Consolidated Trac
tion Co. owns all the stock and guarantees the bonds.
STOCK AND BONDS.— Date.
Interest. Outstanding.
Maturity.
Stock $1,000,000 ($100).............. ....
. ...........
$1,000,000 .....................
1st M $1,000,000 guar p & ln( 1897 5 g J-D
550,000 Juno 1 1937
by Consol Trac of N J........./in t. at N.J.Title Gu.& Tr.. Jersey City,Trus.
ROAD.— Owns 10.78 miles of track.
(2) South Orange & Maplewood Traction Co.
_ _
_ ,
This company was leased on Oct. 1 1903 to North Jersey St. Ry. Co. (now
merged in Public Service Ry. Co.) In perpetuity, the rental being $2,000
on the preferred stock for first year and Increasing $500 yearly until ninth
year, when $6,000 Is paid, which amount Is to be paid thereafter. Rental Is
guaranteed by Public Service Corporation of New Jersey. V. 77, n. 824.
ORGANIZATION.—Consolidation In July 1901 of South Orange &
Maplewood Tr. Co. and South Orange & Maplewood St. Ry. Co. Stock au
thorized. common, $75,000; preferred, $150,000. No bonds.
ROAD.— Total, Including sidings, 5.4 miles.
(3) Bergen Turnpike Co.
Leased to Public Service Ry. Co. Jan. 1 1908.
ORGANIZATION.— Originally chartered on Oct 27 1802, with $53,990
capital ($10 shares), and owns the turnpike from Hoboken to Hackensack,
a distance of 12 miles, over which an electrle road was constructed in 1902.
Jersey City Hoboken & Paterson (now merged In the Public Service Rwy.
Co.) owned a majority of the stock and guaranteed Its $1,000,000 5%
bonds, dated 1901, due July 1 1951; Interest J-J: prln. and Int payable at
New Jersey Title Guarantee & Trust Co., Jersey City, Trustee.
(4) Orange & Passaic Valley Ry. Co.
Leased for 900 years from Nov. 1 1903 to Public Service Corporation for
Interest on the trust certificates Issued in exchange for stock. Lease was
assigned to North Jersey Street Ry. Co. July 23 1907 and now Held by
Public Service Ry. Co.
ORGANIZATION.— Incorporated In 1898 as successor of Suburban
Traction Co., sold In foreclosure July 6 1898.
BONDS.—
Date.
Interest. Outstanding. Maturity.
1st mtge $1,000,000 ............ . / 1898
5 J-D
$833,000 Dec 1 1938
IN.J.Tlt Guar. & Tr. Co. of Jersey City, Trus.
(5) Camden ft Suburban Ry. Co.
Was leased on May 1 1904 to Public Service Corporation for 999 years,
rental being (In addition to fixed charges) $30,000 the first year (1905),
$36,000 the second year, $42,000 the third year, $48,000 the fourth year,
$54,000 the fifth year, $72,000 the sixth year $84,000 the seventh year,
$96,000 the eighth year, $108,000 the ninth year and $120,000 the tenth
year and thereafter. V. 78, p . 2383. Lease was assigned to Publl
Service Ry. Co. Sept. 24 1007.
ORGANIZATION.— Formed In 1896 Controls Camden Horse RR
(which Is leased) anti West Jersey Traction Co. (stock $60 000).
STOCK AND BONDS.—
Date.
Interest. Outstanding. Maturltu
Q-F
See text
See text
Stock $3,000,000 ($25) . . _______
1st mortgage $3,000,000 goldl 1896
5 J-J
$1,690,000 July 11946
($1,000)_________________/Int. at N.J.Tr.&SafeDep.Co..Camden,TrusBonds.— Of the 1st mtge. bonds, $1,000,000 are reserved to retire stock of
Camden Horse RR. and $250,000 to retire bonds of that company.
Stock. -The stock Is all outstanding; 20 % paid In.
ROAD.—Track, 50.37 miles: Camden Horse R R ., leased, 30.11 miles;
West Jersey Traction Co., 3.19 miles: total 83.67 miles. Connection
to rough to Trenton Is made over Camden & Trenton. V. 78, p. 1781,
2383; V. 88, p. 1126; V. 89, p. 154.
(а) Camden Horse RR. Co.
__ _
. .
_
O R G A N IZ A T IO N .— In c o rp o ra te d M a rc h 23 18 06.
L e a s e d to th e C a m
d e n & S u b u r b a n R y . fro m M a y 1 1890 fo r 999 y e a rs .
R e n t a l , & c . , r e c e iv e d
I n 1 9 0 9 5 0 0 , 0 0 0 , f ro m w h ic h p a id 2 4 % o n s t o c k .
S T O C K A N D B O N D S .—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu rity .
S t o c k ( $ 2 5 ) p a i d I n ____________ _______
See te x t.
$ 2 5 0 ,0 0 0
See te x t.
1st c o n s m tg e $ 5 0 0 ,0 0 0 ($ 5 0 0 ) / 18 9 2
5
M -N
2 5 0 ,0 0 0 M a y 1 1 9 1 2
\ N . J . T r . & S a fe D e p . C o ., C a m d e n , T r u s t e e .
I n te r e s t p a y a b le a t N e w J e r s e y T r u s t C o . , C a m d e n , N . J .
D iv i d e n d s .— 1 8 9 6 , 1 4 % ; 1 8 9 7 , 1 0 % ; 1 8 9 8 , 1 8 % ; 1 8 9 9 , 1 8 % ; 1 9 0 0 , 2 0 % ;
1 9 0 1 , 2 0 % ; 1902 a n d 19 0 3 , 2 2 % ; 19 04, 19 05, 19 06 , 19 0 7, 1908 a n d 19 09 ,
24% .
R O A D . — H a s 3 0 . 1 1 m ile s o f t r a c k .
(б) Camden Gloucester & Woodbury Railway Co
L e a s e d to P u b lic S e r v ic e R y . C o .
O R G A N I Z A T I O N . — E n t i r e SOOO.OOO s t o c k Is o w n e d b y S o u t h J e r s e y
G a s , E l e c t r i c fe T r a c t i o n C o .
A ll b o n d s h a v e b e e n c a n c e le d .
R O A D . — C o m p r i s e s 2 5 m i le s o f r o a d .
(7) People’ s Elevating Co.
O R G A N I Z A T I O N . — In c o r p o r a t e d In N e w J e r s e y M a y 3 1 1 8 9 9 .
S to ck
Is a l l o w n e d b y P u b l i c S e r v i c e R y . C o .
STO CK AND BONDS—
D a te .
I n te r e s t.
O u ts ta n d in g .
M a tu rity .
S t o c k , $ 2 5 0 , 0 0 0 ( $ 1 0 0 ) ________
_____________$ 2 5 0 , 0 0 0
F ir s t
m o rtg a g e ,
$ 2 5 0 ,0 0 0 ,1 1899
5 g A -O
1 7 5 ,0 0 0 O c t 1 19 39
g o ld ( $ 1 , 0 0 0 ) ______________ c ’ J I n t . a t N . J . T l t l e G u a r . & T r . C o . , J e r . C . , T r u s .
(8)
New Jersey & Hudson River Ry. & Ferry Co.
O n O c t. 1 1 9 1 0 P u b . S e rv . C o rp . a c q u ir e d $ 2 ,4 4 4 ,7 5 0 o f th e $ 2 ,5 0 0 ,0 0 0
o n n n o n sto ck
V . 91, p. 95.
R o a d Is o p e r a t e d b y P u b . S e r v . R y .
No
le a s e .
>
O R G A N I Z A T I O N . — In c o rp o r a t e d a t T re n t o n , N . J . , o n F e b . 2 5 1 9 10 as
a c o n s o li d a t i o n o f N e w J e r s e y & H u d s o n R i v e r R y . & F e r r y C o . a n d H u d s o n
R iv e r T ra c . C o .
T h i s c o m p a n y o w n s t h e e n t i r e c a p it a l s t o c k a n d b o n d s o f
T h e R i v e r s i d e & F o r t L e e F e r r y C o ., o w n e r o f t h e W e s t 1 3 0 t h S t . F e r r y .
T h e s e s e c u r i t i e s a r e a l l d e p o s it e d u n d e r t h e $ 5 , 0 0 0 , 0 0 0 m t g e .
F r a n c h is e s
p e rp e tu a l e x c e p t o n e fo r 5 0 y e a rs a n d o n e fo r 99 y e a rs .
C h le lly p r iv a t e
r ig h t o f w a y .
STO CK AND BO NDS—
D a le.
I n te r e s t.
Outstanding. Dividends.
S to ck ,
co m m o n ,
$ 5 ,2 5 0 ,0 0 0
'5100) ----------------------------
------------------------
$2,500,000
S t o c k , p r e f . , $ 7 5 0 , 0 0 0 6 % c u m _____
0 F -A
750,000
N J & I I RR & F C o 1 s t M . l 1 9 0 0
4 g M-S
3,911,000
__
Mch. 1 1950
$ 5 , 0 0 0 , 0 0 0 g ( $ 1 , 0 0 0 ) ___ c * J l n t . a t U . S . M t g e . & T r . C o . . N . Y . , T r u s t e e .
Hud Rlv Trac 1st M, $ 1,000,-I 1 9 0 2
5 g M-S
0 3 1 , 0 0 0 Mch. 1 1 9 5 0
0 0 0 g ( $ 1 , 0 0 0 ) ........ .............. /in t . at U. S. Mtge. & Tr. C o ., N .Y ., Trustee.
Stock.— Public Serv. Corp. guar. 6% dlv. on pref. stock. V. 92, p. 402.
Bonds.— N. J. & Hud. River Ry. & Ferry Co. bonds can be called on any
Int. day at 105 and Int. upon six weeks' notice. V. 80, p. 998. Hud.River
Trac. bonds are subject to call on any Int. date at 110.
REPORT.— Consolidated companies for cal. year 1910: Gross, $771,989;
net, after taxes, $330,921; fixed charges, $157,005; surplus, $173,250.
ROAD.— Owns and operates 31.33 miles of track from Edgewater, N. J.
(terminal of W. 130th St. ferry, N. Y. City), to Englewood, Hackensack
and Paterson; also 17.11 miles of track from Hackensack to Hasbrouck
Heights, Woodridge, Rutherford to Arlington and a branch line from Has
brouck Heights to Lodi. The cars of this company operate to the business
centres of Newark, Passaic and Paterson under trackage arrangements with
Public Service Hallway Co.— V. 82, p. 510, 1323; V. 87, p. 1479; V. 88,
p. 53, 375; V. 01, p. 95, 946; V. 92, p. 462.
NEW
BEDFORD, M ASS.
NEW BEDFORD & ONSET STREET RY.— A trolley road.
ORGANIZA'l ION.— Incorporated In Massachusetts In 1901. This com
pany Is owned In the same Interest as the Union St. ltwy. Co. In June 1906
Issued $50,000 new stock In exchange for the $150,000 stock of the Tantonn
A Buzzard’s Bay Street Ry., which wa* a reorganization of the Mlddleboro
Wareham & Buzzard’s Bay Street Ry
V'. 82, p. 1438.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock, $550,000 (5100)--...............
.................
$550,000
1910,3%
First mortgage, $500,000.1
1902 5 g J-J
280,000 Jan. 1 1022
gold ($1,000)_______ _.c*y
Int.at International Tr. Co., Boston, Trus
J No sinking fund and not subject to call.
M W & B B first mortgage,]
1901 4 g A O
150,000 Oct. 1 1021
$150,000 ($1,000) gold__ clinterest at Federal Trust Co., Poston, Trus
Bonds.— The Mlddleboro Wareham & Buzzard’s Bay bonds have no sink,
fd., but are subject to call through Oct. 1 1911 at 107 )4, and thereafter
before Oct. 1 1921 at 105, both with Int. Sec V. 73, p. 1313. Int. was
formerly 5 % , but on consol, with New Bedford & Onset was reduced to 4 % .
ROAD.— Owns 44.119 miles of track between Falrhaven and Onset and
In Mlddleboro and to Buzzards Bay and to Monument Beach
29 passenger
cars, 4 snow plows. 4 miscellaneous and 104 electric motors.
EARNINGS.— For 9 mos. ending Dec. 31 1910, gross, $80,246; net,
$33,159; Interest and taxes, $12,870; dlv., $10,500; surplus, $3,789.
OFFICERS.— Pres., It. H. Crapo; V.-P., Thos. B. Tripp; Sec., Clarence
A. Cook; Treas.. E. F. Nicholson; Supt., Geo. P. Dole.-—-V. 82, p. 1438.
UNION STREET RAILWAY.— A trolley road.
ORGANIZATION.— Incorporated In Massachusetts on March 18 1887
as a consolidation of Acushnet St. Ry. and New Bedford & Falrhaven St.
Ry. On Nov. 1 1910 consolidated with Dartmouth & Westport St. Ry.
V . 91, p. 405, 519, 718, 1090.
STOCK AND BONDS—
Dale.
Interest. Outstanding. Lostdiv.Ac
Stock, $1,625,000 (par$100) ............
Q-F
$1,625,000 F eb.’ 11, 2 %
Consol mtge for $500,000, g/ 1894
5 g J-J
500,000 Jan. 2 1914
s f, not subject to call__ c*| Int. at Old Colony Trust Co., Boston, Trust.
D i v i d e n d s . — In 1890-97, 10%; In 1897-98, 6% ; 1898-99 to 1906-07, Incl.,
8% per annum; In 1908, 8%; In 1909, 8% ; In 1910, 8% ; in 1911, Feb., 2.
ROAD.— Operates 03.92 miles (of which 51.09 miles are owned) In New
Bedford and adjacent towns and connects New Bedford and Fall River.
208 passenger cars; 14 freight and service cars and 14 snow plows.
EARNINGS.— For 9 mos. end. June 30 1910 (Incl. Dart. & Wcstp.),
gross, $583,662; net, $231,405; other Income, $2,106; charges, $78,645;
dfvs., $78,750; surplus, $70,470.
OFFICERS.— Pies., li. it. Crapo; V .-P., Thos. B. Tripp; Sec., C. A
Cook: Treas.. E. F. Nicholson; Supt.. E. S. Wilde, all of New Bedford —
V. 70, p. 047, 1050: V. 75, p. 1088; V. 88, p. 946; V. 89, p. 780; V. 91,
p. 405, 519, 718, 1096.
NEW
H A V E N , CONN.
CONNECTICUT COMPANY (N. Y. N. H. & H.).
This Is the company which operates the trolley lines In Connecticut
controlled by the N. Y. N. II. & II. and which formerly were comprised In
the Consolidated Railway Co. The latter company, the whole of whose
$10,000,000 stock was owned by the N. Y. N. II. & H. R R . Co., was on
May 31 1907 (after It had previously taken over the New Eng. Nav. Co.at a
valuation of $20,000,000 and Increased Its stock to $30,000,000 for the
purpose) consolidated with and merged Into the New York New Haven &
Hartford RR. The charter of the New Haven Co. was amended by
Act of the Connecticut Legislature, approved March 26 1907, so as to permit
the merger, and new stock of the New Haven Co. was Issued, share for
share, to represent the $30,000,000 stock of the Consolidated ItallwayCo.;
V. 84, p. 1052, 1308. It was distinctly provided that the rights, powers
and franchises of both companies should be vested In the enlarged company.
The New York New Haven & Hartford’s Interests In trolley lines Is very
extensive, and control at that time was held through three organizations,
the Connecticut lines having been comprised In the Consolidated Railway
Co., now merged In the New Haven, the Massachusetts street railway
properties being held by the New England Investment & Security Co., and
the Rhode Island lines by the Providence Securities Co., which latter has
since passed to the New England Navigation Co. lint, owing to the
adverse Court decision noted below, the New Haven company severed
direct connection with the Massachusetts trolley lines. In a statement
made to the Massachusetts Legislature In Feb. 1909 (V. 88, p. 506) It was
announced that the New England Navigation Co. had acquired by purchase
the common shares actually Issued of the New England Investment &
Security Co. and that the Indebtedness of the latter was also held by the
Navigation Co. Furthermore, that the latter had sold the shares of the
New England Investment & Security Co. so acquired to Individuals for cash.
In the New Haven annual report for 1908-09 Pres. Mellen stated that the
stocks and Indebtedness of the Worcester & Webster Street Ry. and of the
Webster & Dudley Street Ry. had also been disposed of, "thus closing out
the last financial Interest of your company In Massachusetts street railways.’
In June 1910 a law was enacted In Mass, allowing the N. Y. N. H. & H.
to purchase control of the Berkshire Street Ry. on certain condlt ons (V.
90, p. 1612), and on July 1 1910 Mass. R R . Comm. auth. the New Haven to
purchase from the New Eng. Invest. & Secur. Co. $1,928,800 of the $1,948,100 stock of the Berkshire St. Ry. See V. 91, p. 154.
In Mch. 1910 the N. Y . N. II & II. transferred all of Its gas, water and
electric-light Interests In Conn, to the Housatonlc Pow. Co., which co. In
creased Its stock from $1,000,000 to $3,000,000. to pay for the acquisitions.
Control of Trolley Hoads Attacked.— The Supreme Judicial Court on May 8
1908 decided that the New York New Haven <3c Hanioio in , in securing
control of Massachusetts street railways, was transgressing the law; (see
V. 86, p. 122o, 1285.) .and on June 23 i908 Court Issued Its decree prohibit
ing New Haven road from exercising any ownership over same directly or
Indirectly after July 1 1909. V. 86, p. 1590. On Mar. 2 1909, full bench
of Mass. Supreme Court affirmed this decree. V. 88, p. 625. On May 22
1908 the Federal Government began an action against the New York New
Haven & Hartford, asserting that the acquisition of the trolley lnes In the
various States, as well as the Boston & Maine, was In violation of the Sher
man Anti-Trust Law. V. 86, p. 1285. In June 1909, however, Mr. Wlckersham, the new United States Attorney-General, announced the abandon
ment of the suit. V. 88, p. 1621.
ORGANIZATION.— Incorporated In Connecticut. Stock, $40,000,000;
all owned by N. \ . N . II. & H. June 1 1907 began operating the lines com
prising the Consolidated Ry. (merged in 1907 In the N. Y . N II & H.)
Feb. 28 1910 purchased substantially all the various street railway prop
erties of the N Y . N. H. & H.
Re-financing.— In Sept. 1910, It was stated, arrangements had been mad
for re-financing the Connecticut Co., whereby the N. Y. N. II. & II. wl
take care of Its bonds as they mature, thus ultimately leaving the Connecti
cut Co. free from debt. V. 91, p. 870.
The following companies have been absorbed or are leased or controlled:
Bennington & Hooslck Valley Ry. New England Navigation Co. V. 84.
V. 84, p. 101.
p. 1052.
Bennington & North Adams St. Ry. New Haven St. R y. V. 79, p. 989.
V. 84, p. 1181.
New Haven & Centrevllle Street Ry.
Berkshire Street R y. V. 90, p. 1612.
V. 78, p. 989.
Branford Lighting & Water Co. V. New Hav. & W. Haven Horse R R .
81, p. 155, 210.
New London Street Ry. V. 79, p.268
Columbian Street Ry. V. 83, p. 1290 New Milford Power Co. V. 83,p.l524.
Connecticut Railway & Lighting Co. N. Y. & Stamford R y. V. 80, p. 118
V. 83, p. 1524.
V. 88, p. 625, 1197: V. 91, 946.
Danielson & Norwich Street Ry. V. Norwich Street R y. V. 79, p.268
79. p. 268.
People’s Tramway Co.
E. Hartford & Glastonbury St. Ry. Providence Securities Co. V. 83
Fair Hav.&Westv RR V 78,p.989.
p . 1525.
Farmington Street Ry. V. 69, p. Putnam fc Thompson Street Ry.
283; V. 89, p. 593, 1542.
Stafford Springs Street Ry.
Greenwich Tram. Co. V. * 0 , p. 118. Stamford Street Ry.
Hart.Man.&Rockv.T.Co. V.82,p.280. Sufflcld Street Ry. V. 80, p. 1914.
Hartford & Middletown Street Ry.
Torrlng. & Win. St. Ry. V.82,p.l437
Hartford Street Ry.
V. 85, p. 1463.
Housatonlc Power Co. V. 83, p. 1524. Trolley Express Co.
Meriden Electric R y. V. 79. p. 268. Village Water Co. V. 80, p. 1914.
Meriden Horse RR. V. 79, p.268.
Wallingford Tramway Co.
Meriden Southington & Compounce West Shore Ry. Co. V. 78, p. 989.
Tramway Co. V. 83, p. 1524.
Wllllmantlc Trac. Co. V. 81, p. 1176.
Middletown Street R y. V. 79, p.268. Winchester Ave. R y. V. 78, p. 089
Montvllle Street Ry. V. 79, p. 268. Woonsocket St. Ry. V. 83, p. 1290.
New England Investment & Security Worcester & Connecticut EastemRR
Co. V. 83, p. 492, 1100
V. 79, p. 268.
The N. Y. N. H. & H. R R . offered to exchange $100 of Its stock for $200
of certain Issues of the Consol. Ry. Co.’s debentures. See V. 82, p. 803, and
V. 83, p. 1037. $17,347,000 of debentures have been so exchanged for
$8,673,500 N. Y. N. H. & H. R R . stock. See V. 84, p. 1114. The follow
ing shows the details for each Issue of debentures:
Debentures of The Consolidated Railway Company.
E x. for Stk. or Still Out
Issue—
Authorized.
Issued.
Pur.&Cancel. Excha'ble.
July 1 ’ 04, 50-yr., 4g J-J $5,000,000 $5,000,000
$745,000 a$4,255,00 >
Jan. 2 ’05, 50-yr., 4g J-J 4,000,000
4,000,000
1.691.000 a2,309,000
AprIIl ’05, 50-yr., 4g A-O 3,500,000 *3,500,000
2.160.000 a l,340,000
Jan. 1 ’ 06, 50-yr., 4g J-J 10,000,000 *10,000,000
7.989.000 a2,O il,000
Mch.l ’07, 10-yr,5%,con 15,000,000
5,000,000
5,000,000 .................
Total exchangeable..$37,500,000 $27,500,000 $17,585,000
b Feb. 1 1905, 25-yr., 3,
3 yi and 4 g F-A.....
1,000,000
1,000,000
28,000
$9,915,000
972,000
Total of all..................$38,500,000 $28,500,000 $17,613,000 $10,887,000
* Guaranteed, principal and Interest, by N. Y. N. H. & H. R R .
a These amounts cannot be Increased, as remainder of Issues has been
canceled, b Not exchangeable for stock.
The debentures are In coupon form of $1,000 each and fully registered
debentures of $10,000 each, which are non-lnterchangeable. Interest may
be collected In New York City and Boston.
BONDS—
Date.
Interest.
Outstanding. Maturity
N H & Centerville first mtgel 1893
5 g M-S
$283,000 Sept. 1 1933
gold, assumed by F II & W /
New Haven Street RR.—
First mtge gold, $600,0001 1893
5 g M-S
_____
600,000 Sept. 1
1913
($500 and $1,000)----- c*/Int. at Amer. Tr. Co., Boston, TiC, or N.Y.
Consol, mortgage $250,000 g] 1894
5 J-D
250,000 June 1 1914
($1,000) not subj to ca ll..c(In t. at American Tr. Co., Boston. Trustee.
Winchester Avenue first mort-1 1892 5 g M-N
500,000 Nov. 1 1912
gage gold...................... c*[Interest at Boston Safe Dep. & Tr. Co., BosJ ton. Trustee, or New York.
West Shore Ry first mortgage I 1894
5 J-J
30,000 July 11914
$30,000, gold, subj to call. lint, at Merchants’ Nat. Bank, New Haven.
Hartford St. Ry, now 1st mtg) 1900
4 g M-S
2,500,000 Sept 1 1930
$3,000,000 ($1 000) g — c*[Conn. Tr. & Safe Dep. Co.. Hartford TrusJ tee. Interest at New York or Boston.
Hartford St Ry deben "M ” __ 1900
4 J-J 15
165,000 Jan. 1 1930
Wore & Conn East 1st M s f gl
1902 4 ^ g J - J
1,992,000 Jan. 11943
$3,100,000 ($1,000)----- c*[Interest at New York Trust Co., Trustee.
Hart Man <& Rock first mtge)
1894 5 A-O
200,000 Oct. 1 1924
$300,000 ($1,000) gold___ ]
Meriden Horse RR first mtgel 1891
5 A-O
85,000 Oct. 1 1911
$100,000 ($1,000)------------ [Interest at First National Bank, Meriden.
Meriden Horse Railroad con-f 1894 5 g J-J
415,000 Jan. 1 1924
sol.
mort.. gold,$5 00,0 00..(Interest at Girard Trust Co. of Philadelphia.
„
„
, . „
(State Treasurer of Connecticut, Trustee.
Me.r„£ ?,itA * 9 omP 1st M g,l
1898 5 g J-J
175,000 July 1 1928
$200,000 ($1,000) c*, call-)
Optional at 110 and Interest.
able at 110 since 1903------- j Interest at Trust Co. of America, New York.
New London Street Ry first) 1893 5 g A-O
150,000 Oct.2 1923
mtge, $150,000, gold------- [Interest at American Trust Co., Boston.
Torr & Win first mortgage,/ 1897
5 g J-D
150,000 Dec. 1 1917
$150,000, gold................ c* lln t. at Hurlburt Nat. Bank, Wlnsted, Conn.
Norwich Street Ry first mtge/
1893 5 g A-O
350,000 Oct. 2 1923
$350,000 ($1,000), gold— [Interest at American Trust Co., Boston.
Montvllle Street Ry first mtgel
1900 5 g M-N
250,000 May 11920
$350,000 ($1,000), gold [Interest at American Trust Co., Boston,
(cannot be called)______c* i
N Y & Stain first mtge, $450,-/
1901 5 g A-O
450,000 Oct. 11931
000 ($1,000), gold...........c*/ln t. at New York Trust Co., N. Y ., Trustee.
N Y & Stamford 1st & ref.) ____
4%
274,000 Nov. 1958
mtge., $2,000,000, gold__ /Guar., p. & 1., by N. Y . N. II. & Hartford.
__________
290,030
N. Y. & Stamford Ry n o t e s . . ___
Greenwich Tramway first! 1901 5 g J-J
320,000 July 1 1931
gage, $400,000 ($1,000), [interest at New York Trust Co., New York.
gold.................................. c*l State Treasurer of Connecticut, Trustee.
Mldd. Horse RR lstg ($500).. 1894 5 J-D
150,000 Dec. 11914
Portland St Ry first mortgage. 1896 5 M-N
30,000 Nov. 1 1916
Staff >’ d Springs St Ry 1st M g ----5 J-J
400,000 July 1 1956
Berkshire St Ry 1st M $800,-/ 1902 5 g J-D
800,000 June 1 1922
000 gold ($1,000)...........c*(Glrard Trust Co., Philadelphia, Trustee.
Berkshire Street Ry deb........... 1905 5 g M-S
200,000 Mch 11025
Iloosac Valley 1st mtge........./ 1897 5 J-J
100,000 July 11917
J1? ! - at New Enj?- Tr- Co > Boston, Trustee.
Hoosac Valley ref mtge $400,-1
1904 4 g M-S
300.000 Sept 11924
000 gold ($1,000).............../ Int. at Berkshire L. & Tr. Co.. Plttsf., Trus.
Plttsf Elec St Ry 1st mtge.l
1904 4 g J-J
300,000 July 1 1923
gold, $300,000 ($1,000)-c * /ln t. at Berkshire L. & Tr.Co..Pittsfield,Mass.
B o n d s . — T h e C o n s o li d a t e d R y . d e b e n t u r e s a r e n o t s u b j e c t t o c a l l .
A ll
th e d e b e n t u re s h a v e p r in t e d o n t h e ir fa c e th e sta te m e n t t h a t If a m o rtg a g e
Is m a d e o n a n y o r a l l o f t h e c o m p a n y ’s p r o p e r t y w h i c h w a s o w n e d o n J a n . 1
1 0 0 5 , e x c e p t t o r e n e w e x i s t in g m o r t g a g e s , t h e d e b e n t u r e s s h a l l p a r t i c i p a t e
In th e s e c u r it y o f s u c h m o rtg a g e .
T h e d e b e n tu re s d u e In 19 30 b e a r 3 %
I n t e r e s t f r o m F e b . 1 1 9 0 5 f o r f i r s t 5 y e a r s , 3 y* % f o r n e x t 5 y e a r s , a n d 4 % f o r
f o ll o w i n g 1 5 y e a r s , a n d w e r e I s s u e d t o p a y f o r a c q u i r i n g t h e B e r k s h i r e S t r e e t
R y . ( V . 8 0 , p . 4 7 1 ) .w h ic h c o m p a n y w a s s u b s e q u e n t ly a c q u ir e d b y th e N e w
E n g l a n d I n v e s t m e n t & S e c u r i t y C o ., t h e n I n t u r n r e - a c q u lr e d b y t h e N . Y .
N. H. & H.
T h e $ 3 ,5 0 0 ,0 0 0 d e b e n t u re s d u e A p r il 1 1 9 55 w e re Is s u e d to a c
q u ir e th e H a r t f o r d S t re e t R y .
T h e $ 1 0 ,0 0 0 ,0 0 0 d e b e n tu re s o f J a n . 19 06
w e re Is s u e d to th e N . Y . N . H . & H a r t f o r d fo r a d v a n c e s .
T h e W i n c h e s t e r A v e n u e b o n d s a r e jo i n t o b li g a t io n s o f t h e W i n c h e s t e r
A v e n u e R R . C o . a n d th e N e w H a v e n & W e s t H a v e n a n d c o v e r a ll p ro p e rty
o w n e d o r to b e h e r e a f t e r a c q u i r e d u n d e r t h e c n a r t e r s .
O f th e W o rce ste r
& C o n n e c t i c u t E a s t e r n b o n d s , n o m o r e w i ll b e I s s u e d . A sinking fund o n
t h e s e b o n d s c o m m e n c e d I n 19 0 8 o f n o t t o e x c e e d 1 % o f b o n d s o u t s t a n d i n g
B o n d s c a n n o t b e c a lle d , b u t m a y b e b o u g h t o n a S K % b a s is o r b e t t e r , a n d
k e p t a liv e fo r s in k in g fu n d .
See V . 7 5 , p. 1204.
O f th e M o n t v llle S t re e t
R v . 1 s t m t g e . g o !d b o n d s , t h e b a la n c e u n is s u e d c a n o n lv b e Is s u e d f o r 6 6 % o l
a c t u a l c e r t if ie d c o s t o f I m p r o v e m e n t s o r a d d i t i o n s t o p r o p e r t y .
O r ig in a l
m o r t g a g e o f t h e M o n t v l l l e S t r e e t R y . p r o v i d e d t h a t b o n d s m ig h t b e c a lle d
I n 1 9 0 5 a t 1 0 5 , b u t t h r o u g h a s u p p le m e n t a l m o r t g a g e t h i s r e d e m p t io n c la u s e
w a s e l im in a t e d , s o b o n d s a r e n o t n o w s u b j e c t t o c a ll.
B e r k s h ir e S tre e t R y .
b o n d s o f 1 9 0 2 a r c n o t s u b . to c a l l .
I n t . l s p a y a b le a n d b o n d s m a y b e r e g i s
t e r e d a t o f f i c e o f N . VV. H a r r i s & C o . , B o s t o n .
T h e B e r k s h ir e S t . R y . d e b .
a r e g u a r a n t e e d b y C o n s o lid a t e d R y . C o
EARNINGS.— O f C o n n e c t i c u t C o . f o r y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s ,
$ 7 , 9 4 4 , 3 1 3 ; n e t , $ 3 , 1 9 9 , 2 8 8 ; t a x e s , r e n t a ls , & c . , $ 3 2 6 , 2 0 2 ; n e t I n c o m e ,
$ 2 ,8 7 3 ,0 8 6 .
R O A D . — C o n n e c t i c u t C o . o p e r a t e s l i n e s s e r v i n g t h e f o ll o w i n g c i t i e s a n d
t o w n s : C it ie s o f N e w H a v e n , H a r t f o r d , B r id g e p o r t , W a t e r b u r y , N e w
B r i t a i n , M e r i d e n , N e w L o n d o n , N o r w i c h , M id d le t o w n , S t a m f o r d . S o u t h
N o r w a lk , R o c k v ille , D e r b y , A n s o n la , a n ti th e to w n s o f E a s t H a v e n , B r a n
f o r d , N o r t h H a v e n , W a l l i n g f o r d , H a m d e n , O r a n g e . S o u t h in g t o n , P la ln v l l l e , P u t n a m , T h o m p s o n , K U l l n g l y , P la i n f i e ld , W a t e r f o r d , M o n t v llle .
N o r w i c h , L i s b o n , S p r a g u e . P o r t l a n d , W e t h e r s f ie ld , W e s t H a r t f o r d , F a r m
i n g t o n . B l o o m f ie l d , W i n d s o r , E a s t H a r t f o r d . S o u t h W i n d s o r , M a n c h e s t e r ,
E n f i e l d , G la s t o n b u r y , S u f f le l d , G r e e n w i c h , S t r a t f o r d , M il f o r d , H u n t i n g t o n ,
F a ir f ie ld , W e s t p o r t . N o r w a lk , D a r ie n , N a u g a t u c k , T o r r ln g t o n , W in c h e s t e r ,
B e a c o n F a l l s , S e y m o u r , C h e s h ir e , N e w in g t o n a n d B e r l i n , C o n n e c t ic u t ;
t h e t o w n s o f R y e , P o r t C h e s t e r , H a r r i s o n , M a m a r o n e c k a n d N e w R o c h e l le ,
N e w Y o r k ; a n d I n P i t t s f i e ld , C h e s h ir e , G r e a t B a r r i n g t o n , N o r t h A d a m s
a n d A d a m s In M a s s a c h u s e t t s .
O p e r a t e s 7 6 9 m ile s In a l l, s i n g le t r a c k .
C a r s o p e ra t e d J u n e 3 0 1 9 1 0 , 1 ,8 2 0 .
S ta n d a rd gau ge.
O F F I C E R S . — P r e s . , C . S . M e lle n ;
V .- P s ., C a lv e r t T o w n le y , H . M
K o c h e rs p e rg e r, E . H . M c H e n r y ; S e c ., J . G . P a rk e r ; T r e a s ., A . S . M a y ;
A s s t . T r e a s . , T . F . P a r a d is e ; A u d . , C . L . C a m p b e ll ; G e n . M g r . , J . K .
P u n d e rfo rd , a ll of N e w H a v e n .— V . 8 4. o. 10 2 . 5 0 7 . 9 9 5 , 1 0 5 2 . 1 1 13 , 1 2 4 2 .
1367, 1425; V . 86, p. 128 5, 1467; V . 8 7, p . 8 73; V . 91, p . 8 70 .
(1)
Connecticut Railway & Lighting Co.
Lease.— L e a s e d f o r 9 9 9 y e a r s f r o m A u g . 1 1 9 0 6 to t h e C o n s o li d a t e d R y
C o . , w h i c h l a t t e r h a s s in c e b e e n m e r g e d I n t h e N . Y . N . H . & I I . R R . C o .
R e n t a l a m o u n t e d to $ 9 7 5 , 0 0 0 f o r t h e y e a r 1 9 0 6 -0 7 a n t i I n c r e a s e s g r a d u a ll y
to $ 1 , 4 0 0 , 0 0 0 f o r t h e y e a r 1 9 1 4 - 1 5 a n d f o r e v e r y y e a r t h e r e a f t e r .
The
c o m m o n s h a r e h o l d e r s a g r e e d to p a y t h e C o l o n i a l T r u s t C o . , t r u s t e e , $ 1 0 p e r
s h a r e o n t h e i r s t o c k , w h i c h , w i t h t h e s u r p l u s r e n t a l r e c e iv e d u n d e r t h e le a s e ,
s e r v e s to p r o v i d e a f u n d w h i c h . It Is a n n o u n c e d . Is s u f f ic i e n t t o p a y 4 % p e r
a n n u m o n b o th co m . a n d p re f. sh a re s.
A ll th e s t o c k h a s a s s e n te d to t h is
a rra n g e m e n t.
P r e f e r r e d s h a re h o ld e rs a g re e d to a c c e p t 4 % d iv id e n d s d u r
ln g t h e t e r m o f t h e le a s e . I n s t e a d o f 5 % .
V . 84, p. 50 7.
P re f. sto ck w as
Is s u e d In s a t i s f a c t i o n o f u n p a i d a c c u m u l a t i o n s o f d l v l e d n d s ■ o n p r e f . s h a r e s
to A u g . 1 19 06 .
D i v i d e n d s s in c e o n p r e f . s t o c k h a v e b e e n 1 % e a c h q u a r t e r .
O R G A N I Z A T I O N — U n it e d G a s I m p r o v e m e n t C o . o f P h i l a d e l p h i a h o l d s
c o n t r o llin g In t e re s t .
O r ig in a lly c h a rt e r e d In C o n n e c t ic u t J u l v 2 l8 9 o a s
th e G a s S u p p ly C o .
C h a r t e r a m e n d e d a n d n a m e c h a n g e d M a r c h 2 1 8 9 9 to
C o n n e c t ic u t L ig h t in g & P o w e r C o ., f o r t h e p u r p o s e o l.u n it in g v a r io u s s tre e t
r a i l w a y a n d li g h t a n d p o w e r p r o p e r t i e s In C o n n e c t i c u t .
N a m e ch a n g e d as
a t p r e s e n t o n J a n . 10 1 9 0 1 .
V . 7 1 . p . 1269; V . 7 2 . p . 4 4 .
I t Is a c o n s o l d a t lo n o f t h e f o ll o w in g c o m p a n ie s , w h o s e f r a n c h i s e s a r e s a id to b e p e r p e t u a l .
Norwalk & So. Norwalk FEl.
Co.
B r id g e p o r t T r a c t io n C o .
.l. LLight
ig h t C
Norwalk Street Railway Co.
C e n t r a l R y . & E l. C o . o f N e w B r it .
Norwalk
Tramway
Co.
C h e s h ir e S t re e t H a llw a y C o .
Shelton Street Railway Co.
D e rb y S tre e t R a ilw a y C o .
Southlngt’ n & Plantsvllle Tramway
G r e e n w i c h G a s <5c E l e c t r i c L t g . C o .
Thomaston & Watertown Elec. Ry .Co
M il f o r d S t r e e t R a i l w a y C o .
Waterbury Traction Co.
Naugatuck Electric Light Co.
Westport & Saugatuck Street Ry.Co.
Naugatuck Valley Electric Ry. Co.
Norwalk Gas Light Co
•
Interest. Outstanding. Maturity.
STOCK AND BONDS.— Date.
$8,977,200
See text
Common stock ($ 1 0 0 )------------------Pref 5 % cum after Jan 1 1904)
Q-F 15 8,142,900 Feb.15,’ H .l %
($100) (reduced to 4 % u n -1 -----der lease to New Hav. Co.)j
12,491,000 Jan 1 1051
1st & ref $ 15.000,000 gold] 1901 4 ^ _g J-J
($1,000) sinking fund. ,-C*J lnt. at Trust Co. of Amer., N. Y ., Trustee.
Bridgeport Traction mort-f 1893
5 g J-J
706,000 July 1 1923
gagef$2,000,000g($l ,000)c*j Trustee, Fidelity Tr. Co , Newark, N. J.
(interest at Redmond & Co., New York.
Derby Street Railway mort-1 1894 6 A-O
59,700 April 1 1914
gage $150 .000.....................J Redeemable after April 2 1904.
Connecticut Lighting & Power 1899 5 J-J
209.000 Jan 1 1939
Bonds.— $974,700 of bonds are reserved to retire the prior bonds still out.
The remaining $1,534,300 was reserved for extensions or betterments, but
under lease to the New Haven road cannot be Issued for any purpose without
consent of lessee. V. 84, p. 507. Statement to New York Stock Exchange
In V. 73. p. 852: also V. 79. p. 2745; also V. 85, p. 921.
Bonds were formerly not subject to call, but on June 23 1904 a supple
mental mortgagee was made giving the right to call bonds on any Interest
date at 105 and Interest, and establishing a sinking fund of Vi of 1 % per an
num on bonds outstanding; bonds acquired by the sinking fund are to be
kept alive and bear Interest. Bondholders assenting to the supplemental
mortgage had their Interest guaranteed by the United Gas Improvement
Co. by endorsement. See V. 7 9 , p. 626, for form of guaranty. Offer ex
pired Oct. 1 1904 and was accepted by $10,782,000 of outstanding bonds.
See V. 83, p. 969.
ROAD.— Owns 162.080 miles main, 59.638 mllessecond and 7.762 miles
side tracks: total. 229.480 miles, reaching Milford, Bridgeport, Stratford,
Southport, Shelton, Derby. Ansonla, Seymour, Westport, Saugatuck
Norwalk, South Norwalk, New Britain. Darien and Stamford: also lines In
Naugatuck, Waterbury, &c. System connects with the Fair Haven cc
Westvllle RR. Into New Haven from Bridgeport and Derby, and company
also has a traffic contract with the Hartford Street Ry. for reaching Hart
Inches. 35 to 95-lb. rails.
ford. Gauge, 4 feet 8
EQUIPMENT.— Total cars. 474; closed passenger. 199: open passenger.
201; miscellaneous, 74. Carbarns, 20; also 4 complete electric light plants;
also owns gas plant at Norwalk and operates gas plant at Waterbury.
REPORT.— For year ending June 30 1910: Rental, $1,164,166; accum.
rental, $8,318; dlv. fund, &c.. $189,109; gross Income, $1,361,593; Interest,
$611,427; expenses, $2,911; net income, $747,259; sinking fund. $62,455;
dlvs., $684,804; surplus, none.
OFFICERS.— Pres., A. M. Young; V.-Ps.. R. A. C. Smith and Walton
Clark; Sec., W. F. Douthlrt; Treas., Lewis Lillie. Main office, New
Haven, Conn.— V. 84, p. 390, 507, 1113, 1306; V. 85, p. 921; V. 86 . p. 228.
NEW ENGLAND INVESTMENT & SECURITY CO.
ORGANIZATION.— Is a voluntary association and was organized on
June 25 1906 to take over the street railway properties In Massachusetts
formerly controlled by The Consolidated Railway Co. V. 83, p. 492.
Mew Haven Iload Divests Itself of Control.— In Feb. 1909 the N. Y. N. II.
& H announced to the Massachusetts Legislature (V. 88 , p. 506) that It
had dlsnosed of all of Its Interest in the common shares of the N. E. Inv.
& Sec. Co. for cash to individuals anil that it no longer had any Interest In
the sam p direct or Indirect— see remarks concerning the matter under
Consolidated Ry on a preceding page and V. 8 8 , p. 945. In July 1909
P?es Mellen of the N Y. N. H & H. wrote C. E. Mann, Clerk of Mass.
R R . Comm., “ this company is no longer directly or indirectly concerned
In the control of any street railways in Massachusetts,” thus complying
with the Court decree that It must divest Itself of all Its holdings In street
railways in Massachusetts by July 1 1909. See V 89, p. 163.
On July 1 1910 Mass. RR. Comm. auth. the N. Y. N. II. & II. to pur
chase the control of the Berskhlre Street Ry., a law having been enacted In
Mass. In June 1910 permitting such a transaction on certain conditions.
(V. 90, p. 1612.) V. 91, p. 157.
SECURITIES OWNED.— The following Is a list of stocks held by the
New England Inv. & Security Co. (see V. 83, p. 1100).
Worcester & Southbrldge Street R y.— Entire ($890,000) capital stock.
Worcester & Blackstone Valley St. R y.— Entire ($362,000) capital stock.
Milford Attleboro & Woonsocket St. R y.— $315,000 capital stock.
Worcester Rys. & Investment Co.— 68.470 shares of stock out of a total
of 76,6 1 shares.
Sprlnglleld Railway Cos.—50.000 shares (entire Issue) of common stock.
(Springfield Ry. Cos. owns 33,684 out of a total of 37,081 shares of Spring
field Street Ry.)
Springfield Street R y.— $306,700 capital stock.
Central Massachusetts Elec. Co.— All of the $150,000 stock Issue.
STOCK AND BONDS—
Dale.
Interest. Outstanding. Stock Dlv.
Common, $10,000,000 .........................................
$100,000 ...................
Pref.. 4 %, $10.000.000($100)1
4 J-J
4,000,000 Jan ’ 11,2%
See text.
J ____
Funding notes_______________ 1909
_______
16,250,000
1924
Stock.— Dividends of 4 % per annum on the pref. stock are cumulative
and are guaranteed by the Consolidated Ry. Co. (now merged In the New
York New Haven & Hartford R R .). and aUo $105 per share In case of
liquidation. V. 83, p. 492. See form of guaranty in V. 83, 1102. This
stock may be called as an entirety at any time at 105 and accumulated
dividends. Supreme Court of Errors In Connecticut sustained validity of
guar. V. 88, p. 1002. Suit also begun In Mass. V. 87, p. 167.
Notes.— N. Y. N. H. & H. guar. p. & 1. $3,000,000 of the notes,also the
payment of an additional $13,250,000 and lnt. of funding notes when re
quested to do so by John L. Btllard, as per contract, V. 91, p. 946.
Officers.— Pres., L. S. Storrs; Sec. & Compt., J. T. Harmer, Massachu
setts Mutual Bldg., Springfield, Mass.; Treas., Lcverett Candee.— V 87,
p. 167. 1664: V. 88, p. 52, 506, 624, 945, 1002; V. 89, p. 1483; V. 90, p.503;
V. 91, p. 157, 946.
(1) Springfield Railway Cos.— A holding company.
ORGANIZATION.— Formed In March 1905 to hold a majority of the
stock of the Springfield Street Ry. Is managed by a board of trustees
consisting of seven members. V. 80, p. 1363.
STOCK AND BONDS—
Date.
Interest. Outstanding. Last Dlv.
Common...................- ................All owned by New Eng. Inv & Sec. Co.
Pref. 4 %. cum., guar. ( $ 1 0 0 ) .----4 .J J
$3,387,950 Ja n .’ l l . 2%
Stock.— The pref. stock Is redeemable at 105 and accr. dlvs. These dlvs.
are guar, by the N. Y. N. II. & H. RR. Co., successor to Consol. R y., as well
as their payment at 105 In case of liquidation or call. See V.80,p .1363, 1914.
(a) Springfield Street Ry.— A trolley road
ORGANIZATION.— Incorp. March 5 1868. Mass. R R . Comm. In Mch.
1907 approved the Issue of $300,000 additional stock at 170. In May 1908
application was made to Issue a further amount of $500,000 capital stock,
to provide for floating debt and additions to plant. V. 86, p. 1101. Up to
Jan. 1911 request had not been granted. Purchase of Western Massachussets Street Ry. and Issue of $550,000 additional stock for that purpose
approved by Massachusetts Railroad Commission Dec. 1909. V. 89,p .1484.
On Nov. 26 1910 Mass. R R . Comm, granted permission to purchase the
Springfield & Eastern St. Ry. and Issue $900,000 new stock In exchange,
share for share, for stock of the absorbed company. V. 91, p. 277, 1513.
STOCK AND BONDS—
Date.
Interest. Outstanding
Maturity
Stock, $3,708,100 ($100).............__
Text.
$3,708,100
Text.
New, , 1st M-.,
$1,500,0001 1903 4 g A-O
1,500.000 Apr. 11923
gold ($1,000)--------------- c*(Sprlngfleld Safe Dep. & Trust Co.. Trustee.
West Mass Street first mtge] 1906 5 g F-A
200,000 Feb 1 1926
$1,000,000 gold ($1,000)..jln t . at Springfield S. D. & Tr. Co., 'Trustee.
Woronoco Street Ry first) 1900 5 g J-J
75,000 Jan 1 1920
mortgage gold ($1,000) — /Springfield Safe Dcp. & Trust Co., Trustee.
Springfield & Eastern lstm tg] 1902 5 g J-J
330,000 Jan 1 1922
$500,000 gold ($1,000) __c*/Int. at Hampden Tr. Co.. Springfield, Trus.
Current liabilities Deo 31 1910__________________ 1,116,103 ...................
Bonds.— West. Mass. St. Ry. bonds are subject to call as a whole, but not
In part, on or after Jan. 1 1916 at 108 and lnt. on 6 mos.’ notice. Remain
der of Sprlngf. & East, bonds unissued Is reserved for 50% of the cost of
improvements and extensions. Are subject to call after Jan. 1 1907 at
110, after Jan. 1 1912 at 107 ^ and after Jan. 1 1917 at 105.
DIVIDENDS.— In years 1893 to 1910 Inclusive 8% per annum.
ROAD.— Owns 163.60 miles (Including 29.43 miles of second track) of
main track and 9.87 miles of sidings. Total, 173.47 miles.
EARNINGS.— For 9 mos. ending June 30 1910 and year ending Sept. 30
1909 (including earnings of the Springfield & Eastern):
1909-10.
1908-09. I
1909-10. 1908-09.
Gross earns-.$1,180,533 $1,412,684] Dlvs. paid (8%)..$202,648 $180,648
344,763
452,033 |Balance_________ df.83,330sur. 9,859
N e t_________
lnt., taxes,&c. 225,445
261,5261Total surplus___ 280,937 338,611
— V. 85, p. 1271; V. 86, p. 1101; V. 89, p. 1484; V. 91, p. 277, 1513.
(2) Central Massachusetts Electric Co.
ORGANIZATION.— In 1907 the New England Investment Co. acquired
a malorlty of the stock.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
S to c k ......................................................................
$150.000Junc30 10,8 %
First mortgage, $150,000 goldl 1894
6 g F-A
150,000 Feb 1 1924
($1,000 and $500)_______c/In t. at International Tr. Co., Boston, Trust.
Coupon notes, $60,000($1,000] 1904
5 g M-N
60,000 May 11924
and $500) gold____ _____ cl Interest at Essex Trust Co., Lynn, Trustee.
Bonds.— First mortgage bonds have a sinking fund of $2,500 annually,
commencing Feb. 1 1904. Cannot be called. The coupon notes
@FedFRASER