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OF
THE
Commercial & Financial Thronicle.
[Entered according to act of Congress, In the year 1831. by Wtf. B. Dana & Co., In the office of the Librarian of Congress, Washington, D. C.l
YORK, FEBRUARY
NEW
INVESTORS’
SUPPLEMENT
OF THB
(£{jronttle.
(fjommrrtral # ^financial
26, 1880.
mortgage for $45,000,000, at 6 per cent gold, to retire old
bonds and for extensions, &c.; Connotton Yalley mort¬
gage bonds, 7 per cent gold, due in 1910, $2,600,000;
Missouri Pacific consolidated mortgage for $30,000,000, to
retire old bonds and
for
Chicago Mil¬
bonds, at 5 per cent, on the projected
Omaha Extension; Chicago & Northwestern bonds, at 5
per cent, due in 1929, for extensions; Atchison Topeka &
Santa Fe bonds, at 4J per cent, due in 1920, $5,500,000; St.
Paul Minneapolis & Manitoba, Dakota Extension, gold
bonds, at 6 per cent, due in 1910, $2,250,000; Toledo
Cincinnati & St. Louis (narrow gauge) 6 per cent gold
improvements;
waukee & St. Paul
The Supplement contains a
complete exhibit of the Funded Debt of
States and Cities, and of the Stocks and Bonds of
Companies.
Railroads and other
It is published on the last Saturday of every other
month—viz., February, April, June, August, October and December.
It is furnished
the Chronicle.
without extra charge to all regular
subscribers of
Single copies are sold at $2 per copy.
WILLIAM
'
B.
DANA
79
&
CO.,
Publishers,
81 William Street.
INVESTMENTS.
The months of
January and February include the period
when investments are most active and prices
usually in the ascendant. The past two months, covering
the period since the last Investors’ Supplement was
issued, have proved no exception to this rule, and all
classes of investment securities have been in sharp demand
at high prices.
At the same time, it is to be noticed that
a very active stock market, such as we have recently had,
is apt to absorb much of the attention of buyers of stocks
and bonds, and to divert in temporary stock speculations
on margins a part of the money which would otherwise
seek more permanent investment in the purchase of stocks
or bonds for long holding:
of the year
The year
bonds, due 1910, $3,000,000.
The
large advance in the prices of 6, 7 and 8 per cent
is directing the attention of holders much
more
closely to the date of the maturity of their respective
bonds, and still more to the possibility of their being called
in before maturity.
In some bonds there is a special
agreement in their terms that the bonds may be paid off
before maturity, and it is obvious that when the price is
much above par, this option to retire the bond is of great
importance to the holder. It has occurred in several
oases that this option was not generally known in the
market; and no attention having been called to the mat¬
ter, holders were surprised to find their bonds had been
called in.
It has often been difficult for the publishers of
the Chronicle to obtain copies of the bonds and mort¬
gages of railroad companies, particularly of the older
mortgages issued some years ago, and hence this option
to call in bonds before maturity had not been noticed m
the Supplement tables.
Within a few* months pivst Lake
Shore & Michigan Southern has paid off the 7 per cent
“dividend” bonds of 1869 for $1,356,000, payable in
1899; and now the Morris & Essex Company pays off its
7 per cent construction bonds due in 1889.
Wherever
there is an option in the new railroad mortgages issued, to
pay off the bonds before maturity, it will be noticed in the
Supplement tables; but as to old bonds, it is suggested that
bonds above par
has opened with an abundance of new enter¬
prises asking for capital, and nearly all of them, as usual
in the United States, are railroad enterprises.
The ques¬
tion is often asked why the great majority of corporations
which come into the open market here, and advertise for
money, are railroad companies.
The answer is easily
found in the fact that railroads have proved so immensely
profitable in the past, and that the great extent of territory
yet unoccupied in the United States will offer inducements holders should examine their securities and see whether
for railroad building for many .years to come.
The follow¬ the bonds contain such an agreement in their terms. One
ing are some of the principal loans brought out in the past of the most prominent mortgages having this privilege is
few months, viz.: Northern Pacific Railroad gold bonds, the Central of New
Jersey 7 per cent “adjustment” mort¬
•at 6 per cent, due in 1921, $20,000,000; Oregon Railway
gage; due in 1903, but which the company may pay off
and Navigation Company new stock, $6,000,000; North
any time at par. . As the stock of this company has already
River Construction Company (New York Ontario & West¬ advanced
very largely, it is probable that these 7 per
ern
Railroad) stock, $10,000,000; Mexican Central Rail¬ cents will be retired, if the credit of the company improves
way 7 per cent bonds, $11,430,000; Mexican National sufficiently to permit of the negotiation of a 5 per cent bond.
Railway 6 per cent gold bonds, due in 1911, $7,500,000;
Minneapolis & St. Louis 7 per cent gold mortgage bonds
The interesting report of Superintendent A. B. Hep¬
on
Southwestern Extension, projected, 325 miles, at
$12,000 per mile; Missouri Kansas & Texas consolidated burn on the savings banks of New York State has just
INVESTORS’
SUPPLEMENT.
•
ry0L. xxxn.
The statistics of the banks on January 1, 1880 returns to its stockholders can be accepted as a standard
and 1881, compared as follows :
by which to judge whether the property is profitable or
unprofitable. The proof of the pudding is in the eating *
CONDITIO* OF THE SAVINGS BANKS IN NEW YORK STATE JAN. 1. 1881,
and the investing public—those at least who are willing
JAN. 1, 1880.
appeared.
AND
take
risk and
for the sake of
buy stock in first-class companieshigher gains, rather than bonds whereon the
return and the
risk
to
RESOURCES.
Ronds and
mortgages
Btock iijvestinentsrpar value—
United. States
New York State stocks
Stocks of States other than New York
Bonds of cities in this State
Bonds of counties in this State
Bonds of towns in this State
Bonds of villages in this State
'
Other stocks or bonds
Jan. 1, 1880. Jan. 1, 1881.
$87,622,376
$85,722,373
$119,885,590 $137,375,190
4,295,500
4,302,500
10,325,330
9,272,693
70,988,856
66,503,933
8,821,257
8,567,554
3,072,963
2,802,244
392,301
869,781
490,150
179,041
$212,103,705 $236,141,178
Estimated market value of stock investm’ts $227,799,156 $263,519,342
13,268,077
Amount loaned on public stocks
7,463,942
Banking houses and other real estate
Cash on deposit in banks or trust companies
Cash
on
hand'not
Assets of every
10,412.881
17,887,264
4,026,001
4,208,439
10,430,579
13,893,109
4,271,445
4,641,772
deposited
description not stated above
$354,222,376 $400,944,380
LIABILITIES.
Amount due depositors
Other liabilities
$319,258,501 $353,629,657
215,629
47,099,094
181,923
34,781,952
Surplus
$354,222,376 $*100,944,380
Hepburn discusses the troublesome question of
investments for savings banks, and says :
The rapid increase in savings bank deposits and the high
prices of securities, coupled with the reluctance of trustees to
Mr.
for
a
some
are
smaller—will look to the dividends
verification of the assertion that the
position of rail¬
road property is greatly
We have accordingly
improved.
had prepared a table, showing th e
dividends that have been paid during the last five years,
and also those that have been paid or declared thus far
in the current year, on all railroad stocks sold at the New
York, Boston and Philadelphia Stock Exchanges. The
table is intended to embrace every steam road on either of
those Boards that has paid any dividend within the period
mentioned.
Stocks of companies merged into or console
dated with other companies and having now no separate
existence, are not included. It should be said that divi¬
dends actually paid form the basis of a year’s, total. Those
declared in one year and paid in another, appear in the
latter year.
From this table it will be
that with few
exceptions
only companies that maintained the same dividendsafter 1873 as before, are those whose roads are leased
to other companies, with the guaranty of a fixed amount
reduce the rate of dividends, has directed attention to the law
per annum as rental, which had to be paid without regard
regulating investments. It has been frequently urged that
to the earnings of the leased line.
A prominent excep¬
the line of investments which savings banks are permitted to
make might with safety be enlarged. The precedent of New tion in New York is the New York New Haven & Hart¬
England is cited. The most feasible propositions relate to ford^ which has for years paid 10 per cent. It may be
railroad bonds and bonds of cities of other States, invest¬ remarked, though, that
at one time it did even better, for
ments which .New York Savings banks are not allowed to
in 1870 and one or two years previously it paid as high as
make.
12 per cent.
This road has a large passenger business,
The adoption of the Connecticut law, permitting banks to
invest in first mortgage railroad bonds of roads that have paid with little or no competition, and it has been able to keep
interest upon their bonds and a dividend of at least five per its tariff rates at a point where a large profit was certain.
seen
the
44
44
their stock for the
preceding five years, is advocated.
good security at the
present time. It would be unwise to permit investments in the
bonds of railroads other than New York corporations, in regard
to the validity of which neither this Department nor the Legis¬
lature itself could exercise even the power of investigation
Limiting the proposed investment to New York corporations,
and excluding leased lines, there are only two roads, the Boston
& Albany and the New York Central & Hudson River railroads,
the bonds of which would be open to investment. The bonds
of the first road are not upon the market. Those of the second
are difficult to obtain, and are quoted at prices that place them
nearly on a par with governments as to income-producing
qualities. * * *
A careful survey of the whole field induces the conviction
that the law in its present shape had better be, for the present
at least, sustained.
The underlying principle always to be
kept in view in savings bank management is maximum security,
cent
on
Such bonds would unquestionably be a
44
rather than maximum rate of dividend.
*
*
*
No bank
In Boston the Concord and the Manchester k Lawrence
have
paid 10 per cent uninterruptedly for ten years or
longer. Panama, which does not lie within the United
States, but extends from Aspinwall to Panama, and has
practically a monopoly of the business between those
points, is now paying a larger cash dividend than anyother road in
our
that
list.
In 1879
cant was paid on
cent, and now a 5 per cent
13 per
stock, in 1880 1G per
quarterly dividend has been declared.
An interesting—perhaps the most interesting—feature
in the compilation is the number of companies that
have but recently begun dividends.
Thus the Canada
Southern now makes its first payment; so does £he Cin¬
cinnati Indianapolis St. Louis k Chicago (old Indianapolis
Cincinnati & Lafayette reorganized) ; so does the St. Louis
k San Francisco
(former Atlantic k Pacific foreclosed) on
its 1st preferred ; so also the Chicago St. Paul Minneapolis
k Omaha, which is a consolidation of the St. Paul k Sioux
City and the Chicago St. Paul k Minneapolis, pays the first
dividend on its preferred stock ; the same is true with
regard to the preferred stock of the Wabash St. Louis &
ought to pay more than four per cent, and many ought not to
pay as high as that. There is not a bond which these institu¬
tions are allowed to hold that can be bought at par. They are
all held at high premiums.
Thus the premiums on these
bonds enter, and very properly so, into the assets of the banks.
In all cases these premiums form a portion of their surplus,
Pacific
and in instances equal the entire surplus.”
RAILROAD DIVIDENDS.
(combination of Wabash and Kansas City &
Northern). Atchison Topeka k Santa Fe, which only a
few years ago had but dim prospects before it, now pays 2
per cent quarterly.
Hannibal k St. Joseph,,too, has again
front; it paid 3 per cent on the preferred in
1880, the first payment since August, 1870, and is now
property at the present time than a summary of the divi¬ paying 3 £ half-yearly, which brings the dividend up to the
dends that have been paid by the various railroad com¬ full 7 per cent per annum to which the preference entitles
panies during a series of years past. Gross earnings may it. St. Louis Alton k Terre Haute a few weeks ago
show the increasing or decreasing business of a company, declared 3 per cent on its preferred, which is the second
and net earnings may indicate the relative economy with cash dividend since 1874, 2 per cent having been paid in
which its affairs are managed, but nothing short of a February, 1878.
The stock carried 53 per cent back divi¬
demonstration of its capacity in the way of yielding dends, and reports have been current that the 55 per cent
There is
no
better criterion of the condition of railroad
come
to
the
February, 1881.1
will
soon
bo
paid in income bonds.
INVESTORS’
Inquiry at the
SUPPLEMENT.
com¬ paying nothing for
pany’s office, however, meets with the response that no
declaration of this unpaid dividend has yet been made by
the directors.
Among the minor road3 that have recently
begun dividends may be mentioned the Detroit Lansing
Northern, on common and preferred in 1880, and the
Kansas City Fort Scott & Gulf on the preferred.
The stock dividends that have been paid during the last
twelve months are, of course, familiar to all.
Chicago
Burlington & Quincy, after making a 20 per cent stock
distribution, is now paying 8 per cent on the increased
■stock.
Chicago Rock Island & Pacific issued two shares
for one, and is now paying If quarterly, equivalent to 14
per cent a year on the original stock.
Louisville & Nash¬
ville, which was at one time a 7 per cent security, during
the year distributed 100 per cent in stock, and is now pay¬
ing 6 per cent per annum, which is the same as 12 per
-cent on the old amount.
In the majority of instances,
however, dividends are smaller now—in many cases much
smaller—than sevep or eight years ago.
Among the coal stocks Delaware Lackawanna & West¬
ern is the only one that has yet resumed—paying now 1£
quarterly. Delaware & Hudson has declared nothing as
in
several
declared
cent.
Indianapolis paid 12 up to 1873—now it
pays 8.
Philadelphia Wilmington & Baltimore has paid
8 per cent regularly for many years.
West Jersey was
down on the 10 percent list formerly—in 1880 nothing
was paid, we believe.
Central Pacific paid 10 per cent
in 1875, 8 in 1876 and 1877, nothing in 1878 and 1879,
6 in 1880, and had some dispute with the Government
about the 3 per cent declared and paid in February,
1881. Union Pacific paid 8 in 1876 and in 1877, and now
years,
per
Terre Haute &
pays
6 per cent.
Among Eastern roads Fitchburg returns 7 against 8
formerly. Boston Concord & Montreal old preferred has
brought 6 per cent for a long time. The stock is small
($800,000).
Connecticut River returns 8 per cent, against
prior to 1875. Boston & Lowell stock received 8 percent
regularly before 1875, had nothing in 1876 and 1877, and
now
gets 2 per cent semi-annually. Boston & Maine paid
as much as 10 per cent once, but ran down to
5 per cent
in 1877, and is now up to 4 half-yearly.
Northern New
Hampshire is 6, against 8. Old Colony is 6, against 7.
10
Providence
&
Worcester and
Portland Saco & Ports¬
mouth returned 10 per cent up to 1876, while now 6 is the
rate for both.
Boston & Providence, another 10 per cent
yet. Central of New Jersey is still in the hands of a
receiver, and that’s all the public is permitted to know of stock formerly, received only 6 per cent in 1877 and 1878,
its financial standing.
Philadelphia & Reading remains in and now gets 8. Worcester & Nashua paid 10 per cent
the throes of insolvency and acrimonious litigation. till 1875, nothing from 1877 to 1880 inclusive, and has just
Lehigh Valley has kept up payments of 1 per cent quar¬ made a dividend of 1£ per cent. Danbury & Norwalk has
4 per cent a year. All these paid full 10 per lately come into prominence in New York. It pay3 now
cent formerly, and from the prices of their stocks it might 1J quarterly, but in the year 1870 when the stock was
be supposed they were paying from 5 to 8 per cent now.
smaller, $400,000 namely against $600,000 at present, it
With regard to the great trunk lines, New York Central, paid 16 per cent.
which paid 10 per cent in 1875, now pays 8.
Enough has been said to-indicate that dividends have
Its net earn¬
not yet again reached the point attained prior to the panic.
ings in the fiscal year ended September 30, 1880, amounted
to pretty nearly 12 per cent, but about $3,000,000 was At that time 10 per cent was quite common—the rule, it
spent for new equipment, real estate, &c. Cleveland Col¬ might almost be said ; now it is the exception, Then
umbus Cincinnati & Indianapolis, whose business is made pretty nearly all the prominent roads in the country,
up very largely of through traffic, and which, therefore, including the Pennsylvania, New York Central (10 in
more than most other roads
is dependent upon the main¬ 1875), Baltimore & Ohio, Boston & Albany, Michigan Cen¬
tenance of rates on through freight, paid ' 7 per cent till tral, Chicago & Alton, common and preferred, Illinois
1874, 4 in that year, 3£ in 1875, 3 in 1876, nothing in Central, Delaware Lackawanna & Western, Delaware &
1877, 1878 and 1879, 2£ in 1880, and has just made a Hudson, Central of New Jersey, Philadelphia & Reading,
dividend of 5 per cent out of the earnings of 1880. Penn¬ Lehigh Valley, Central Pacific (10 in 1875), Boston &
sylvania now pays at the rate of 8 per cent, against 10 in Maine, Boston & Providence, paid that rate ; now all the
Baltimore & Ohio pays 10 per cent as it did leading roads that pay that rate can almost be counted on
1874.
formerly, being the only one of the trunk lines now paying the fingers of one hand. Without doubt some of the
that rate.
But it should be said that its stock is relatively roads here mentioned are earning 10 per cent or more at
small, and that, consequently, the increased profits go fur¬ present, but it is sufficient just now to know that they have
ther than they would if the stock were five or six times as not yet thought it prudent to increase their rates to that
*
large. Boston & Albany paid 10 per cent till 1876, but figure.
How can we account for the decline ? Except in special
now pays 8.
Michigan Central was considered a good 10
per cent security in 1872—it is up to 8 again, but it paid instances, the' smaller percentage paid of late years on
nothing for some years. Lake Shore pays 8 per cent now stocks of leading roads may be attributed in great part to
as it did prior to 1874.
Erie may soon be able to resume the large falling off in transportation rates. It is well
dividends on its preferred stock, as the amount necessary known that on the trunk lines the volume of traffic kept
to pay the 6 per cent on it was much more than earned in increasing even in the dullest of time3.
But such was the
decline in rates that receipts diminished, notwithstanding
1879-80, though the president claims there is no obligation
terly,
or
Of course not a few roads suffered
the increased traffic.
it.
Chicago & Alton has lately raised its rate to 4 per cent from both lower rates and smaller traffic. The coal roads
semi annual on both common and preferred, but it has not suffered mainly from the decline in the price of coal.
yet reached its former figure of 10 per cent. Illinois Cen¬ Some of the Eastern roads lost heavily, as indeed did most
tral also has raised its rate, and now pays 3£ half-yearly, other roads, though in a much smaller degree, by the dimi¬
but it, too, paid 10 per cent regularly at one time.
Chi¬ nution in the movement of passengers.
There is one other point that will bear mentioning in this
cago Milwaukee & St. Paul is up to 7 per cent on common
and preferred ; in 1870 10 on both was paid, though only connection.
An examination of the annual reports of
7 per eent was in cash in the case of the preferred and but some prominent companies for late years discloses the fact
3 in the case of the common.
Chicago & Northwestern is that, over and above the dividends paid, there remained a
now at 7 and 6 for preferred and common respectively.
surplus, varying in amount in different years, which was
Northern Central, which paid 7 in 1874, has now, after carried to the credit of profit and loss account. Espaciall j
to pay
;[Vol. xxxii.
INVESTORS’ SUPPLEMENT.
IV
newly-constructed mileage on their hands.
The subject is chiefly important in that such surplus may
possibly be made the basis of future stock dividends.
There are two opinions possible as to the character of this
surplus. It might be held that as it was all absorbed in
amounts
In that case any stock dividend based
on the fictitious surplus would be wholly wrong.
It is
known, however, that many roads charge to expense ac¬
count items that could with propriety be called a perma¬
nent improvement, and be includedjinjthe cost of property.
Hence it can be argued, and this is certainly the more
likely explanation, that the surplus was real and was with¬
held from stockholders because it was thought it could be
more profitably employed in making improvements to the
property. During the years of depression succeeding the
panic, when earnings were constantly declining, no com¬
pany could feel certain what another year would bring
forth, or when the lowest ebb in the movement would be
reached.
It was the policy of prudence to hold back part
of the net earnings as a sort of working capital with
charged
>
of
•
as
such.
the necessary work of improvement.
In’ordinary times it is unnecessary to take any such pre¬
caution, but these were extraordinary times. Perhaps
money might have been borrowed with which to carry
forward the work, but if so, it would have been at
the high rates of interest current, and perhaps even
.then the security would have failed to command full
par value.
As we have before remarked, a railroad is never com¬
which to carry on
Changes, alterations and additions have con¬
stantly to be made, and the newer the road the more
pronounced will these be. But all this is in the line of
augmenting the value of the plant, and is not an operating
expense.
If net earnings are used up for purposes of con¬
struction it would seem fair that to a reasonable per cent
stockholders should receive for the cash so used stock or
scrip as an equivalent. The only difficulty appears to be
as to the time of making the distribution.
At present it
is the custom to allow the amount to accumulate for sev¬
eral years, until a big, round sum is reached, and then to
distribute it in a lump.
This custom permits of much
In the first place no one feels certain that the net
abuse.
earnings claimed to have been invested in the property
have really been so invested.
Too long a time has
elapsed for ordinary mortals to have any positive knowl¬
edge in the matter. Suspicion is also engendered because
no precise and detailed accounts are given of how and
when the money was absorbed.
The custom is further
objectionable because it gives to parties having inside
knowledge an additional advantage over ordinary stock¬
holders not having similar information.
The director or
his friends, knowing just when the distribution is to be
made, can buy up the stock while prices are still low
from holders who would not sell if they knew that a stock
dividend was one of the things of the immediate future,
and in this way profits that should of right go to stock¬
holders go into the pockets of the few who are in the
pleted.
6
,
remedy ?
Why, simple enough.
3*2
a
10*2
8
10
8
7
7
2
2*2
33*
1*2
3
9*4 b
8*2
c
4
3 *2
5*2
7
3
7
'
6*2
4
3
7
6
7
l%t
3^2
3
8 & 3
8 & 3
6
7
8 & 2
8 & 2
4
7
8 it 2
8 <t 2
8
7
8 & 3
8 & 3
6
7
8 & 3
8 & 3
6
7
13*
5*2
3
3
4
2
3*2
7
7
7-
1*2
63*
2*2
7^4
8
8
8
2
314
IV
..
Metropolitan El. (leased)
Michigan Central
8
8 d
10
8
*2
1
Mo. Pacific (new stock).
Morris <fc Essex (leased).
Nashv. Chatt. <t St. L...
N. Loud. North’11 (l’sed).
N. Y. Central & Hudson.
N. Y City Elev. (leased) .
N. Y. N. Haven & Hartf.
N.Y. Prov.& B.(Ston’ton)
7
3
6
3
G
8
10
10
8
9
13
7
7
8
10
10
9
12
7
7
8
2
10
8
6
8
8
8
6
8
5*2
7
7
7
7
7
8
8
6
8
8
5
6
4
G
3
8
2
6
8*2
9
6
6*2
9
9
7
7
(leased).
Pittsb.Ft.W.& C.g.(l’sed)
spec'l (leased)
Rcnnsel’r & Sar. (leased)
St. L. Alt.& T. H., pref..
”
7
2
6
8
10
10
8
9
16
7
7
3
10
10
9
12
7
7
8.
10
10”(j
Panama
ftf
7
8
10
7
7
6
3 *
7
Harlem, com. (leased),
including 4th Av. RR.
Harlem, pref
Illinois Central
Joliet & Chicago (leased)
Keok.& Des M.,pf.(l’sed)
L. Shore & Midi* South’ll
Do
G
7
7
7
7*2
Denver 8. Park & Pac...
Dub. <fe Sioux C. (leased)
East Tenn. Va. <t Ga—
Erie & Pittsb. (leased) .
TTmi
TnaprtVi nrof
At Kt
Oswego & Syr.
7
8
9
8
7
3
6
Chic. Burl. & Quincy
Cliir*. Rftfilr I. & Pac
Chic St. P. M. & O., pref.
Cin. Ind. St. L. & Chic...
Cleve. & Pitts., guar.(ld.)
Cleve. Col. Cin. & Ind...
Danbury & Norwalk ....
Del. Lack. & Western ...
Nashville
7
6*2
2*2
3*2
pref.
Louisville &.
6
3*2
2*2
pref..
Chic. Mil & St. Paul
Do
6
7
5
7
5
Do
8
TiiniflitrR
Terre Haute &
Indianap.
Union Pacific
Wab. St. L. & Pac.,
Warren
pref.
(leased)
BOSTON.
Atch. Top. & Santa
Boston & Albany
Fe..
Low7ell
Boston
Boston <t
Maine
Boston & Providence
Boston R. Beach <fc Lynn
6
4
7
1
10
G
4
7
1
10
6
10
8
6
10
8
6
10
8
3
6
10
8
,3
6
7
Cheshire, pref
Chic. Iowa<fe Neb. (I’sed)
Chic. & West Michigan..
Cin. Sand. & Cleve., pref.
Concord
Connecticut River
Conn. & Passumpsic, pf.
Det. Lansing & North’ll.
~
Do
Eel River
♦
(leased)
(I’sed)
Ogdensburg it L. Champ.
Colony"
I’ittsf. <t N. Adams(l’sed)
Portl’d Saco A Portsin’tli
Prow & Worcester
Summit Branch
Vermont it Mass. (I’seil)
Worcester
Nashua.-..
PHILADELPHIA.
Atlantic
Do
pref.
Camden &
pref. pleased)
new pf. (I’sed)
Del. <t Bd. Brook (l’sed).
Hast Peiuisylv’a (leased)
Do
Do
Elmira itW’msport (l’sed)
pref. (leased)
Lehigh Valley
Schuylkill (leased)
Minehill & S. H. (leased)
Nesnuehoning Val.(l’sed)
Little
I
II
U
ilt'I til
•
•
-
• •
» «
.
Phila. Germ, it No.(L’sed)
phila. it Reading
Phila. it Trenton(leasedi
Phila. Wilin. it Balt. ...
United Co’s of N.J.(l’sed)
Jersey
‘
3*2
3
6
7
4
G
2
2
4
3*2
7
10
7
10
6
2
G
5
10
7
10
G
G
3
5
10
G
4
G
5
G
4
5
G
5
0
5
6
6
434
5
534
G
G
8
8
0
10
6
2
6
5
10
4
6
6
6
8
3
2
7
r?
i
6
5
7
9
6*2
7
10
6
4
6
5
10
G
5*2
3
5*2
3*2
7
10
6
7
3
G
10
1*2
3*2
2
7
7
7
7
G
5
7
G
5
7
4
7
7
10
5*2
7
7
10
7
7
3
6
5
7
4
7
7
10
7 e
7
7
9
G
1*2?
5
7
4
7
7
7
Q
•
Pennsylvania (I’sed)
West,
334
:
6
3*2
Manchester & Lawrence
Middlesex Central
Nashua & Lowell (l’sed)
Nashua <fe Roeh’r (l’sed).
Vti Hit
6
7
6*2
1 *2
Iowa Railroad Land Co.
KnnsnsC. Ft.S.& Glllf.pf.
LowTell & Andover (l’sed)
Do
3*2
8
Fitchburg
Ia. Falls & Sioux C. (l’sed)
Oid
6
10
8
8
(leased)..
Northern (N. II.)
Norwich A Worc’r
8
4
7*2
8
6
5
6
4
7
3
10
9*2
pref.
Eastern, N. II.
6
6
2
6
4
7
1
10
........
4
pref. (leased)
Do
•
10
Best.Clint.& F., pf. (l’sed)
Bost. Cou.& M’treal.pref.
Ced. Rap. & Mo. (leased)
Pennsylvania Railroad
Follow
tho English plan of paying as soon as earned.
If not in
cash, then in stock or scrip. Then each year will stand
by itself, and there will be little opportunity to deceive
either the public or stockholders.
Let railroad directors
take time by the forelock, and adopt these suggestions ere
the tide of public opinion against corporations becomes too
strong to be stemmed and demands arbitrary legislation
JU3 a remedy for extravagant and unreasonable methods.
What is the
pref...
7
7*2
7*2
7
8
8
8
Chic. & Northwest
No.
ring.
5
8
3^2
2*2 *
7
7
7
7
Central Pacific
Do
1881
to date.
1880.
.
YORK.
Albany <fc Susq. (leased).
Canada Southern
Central of New Jersey ..
NEW
Chicago & Alton
1879.
1878.
1877.
1876.
Names.
6
8
12
4 y
2
12
3/
3*2
12
2 *2
10
8
10
3
10
8
10
G
,
10
8
10
3 h
4*2
12
10
8
10
2
6
7
12
3 t
10
3
10
From full year’s earnings for 1880.
Quarterly.
X Out of 1880 earnings, making, together with tho 3*2 per cent already
paid, 8 per cent for the year,
c—3*2 of this in sorip.
a—And 14 per cent in bonds.
/—And 3 per cent in stock.
b—And 20 per cent in stock.
a— Stock.
c—And 100 per cent in stock.
A—And 2 per cent in stock.
d—And 100 per cent in stock.
*
t
..
X'
BOND TABLES.
STOCK AND
NOTES.
expressly intended to be used in connection with the information concerning Investment matters, published from week to
week in the Chronicle—to which an index is furnished in the remarks at the foot of the tables. Annual reports are in black-faced figures.
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the official “Debt Statement" is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
The following will give explanations of each column of the tables below :
Description.—Railroads leased to others will sometimes be foimd under the lessee’s name. The following abbreviations frequently occur, viz.:
M. for “mortgage." s. r. for “sinking fund,” 1. gr. for “ land grant," reg. for “registered," coup, for “ coupon," Br. for “Branch," guar, for
“guaranteed, end.for “endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be registered.
L
These tables
are
.
Date ot Bonds.—The date of issue is referred to in this column.
Jflies of Road.—Opposite Stocks, this means the miles of road
7878811
9
operated, on which the earnings are based; opposite bonds, the miles
by the mortgage.
covered
Rise or Par Value.—These figures are dollars, showing the denominations or par value. The figures “ 100, &c.f” signify $100 and larger.
Rate Per Cent.—The interest per annum is given for bonds, but the per cent of last dividend for stocks; g means gold; x, extra; s, stock or scrip.
When Payable.—J. & J. stands for Jan. & July; F. A A., Feb. & Aug.; M. A 8., March & Sept.; A. A O., April & Oct.; M. A N., May A Nov.; J.
June A Dec.; Q.—J., quarterly from January; Q.—F., quarterlvfrom Feb.; Q.—M., quarterly from March.
Bonds, principal token due; Stocks, last
when the last dividend
was
paid
on
A D.>
dividend—The, date in this column shows the period when the principal falls due of bonds, but the time
stocks.
STATE SECURITIES.
Subscribers wfll|confer|aJgreat favor
by giving: immediate notice of any error discovered in
Arkansas—Funding bonds of 1869 and 1870..
$6,578,000
100 Ac.
100 Ac.
1876
1876
1876
Outstanding
$100&c.
For explanations see notes above.
Alabama— Substitution bonds (A) ($7,000,000).
Substitute b’ds for RR. (B) ($596,000)..
do
for Ala. & Chatt. (C) ($1,000,000)
Educational funded debt
For fund, “obligates" (tax-rec’ble 10-20 yrs.)
539,000
931,000
2,810,670
1,000,000
1,886,000
1,268,000
1,986,773
1,985,955
261,500
412,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000
1,353,120
95,500
500,000
1880
1869 to ’70
1871
1838to ’39
1874
1875
Sinking fund Dds. (Loughborough)Act.Dec., ’74
1869
To Memphis A Little Rock Railroad
1870
To Little Rock A Fort Smith Railroad
1870
To Little Rock, Pine Bluffs & N. Orleans RR..
1870
To Miss., Ouachita A Red River Railroad
1870
To Arkansas Central Railroad
1863
State scrip
;
1863
California—Soldiers’relief
*
1870 & ’72
State Capitol bonds
1873
Funded debt bonds of 1873
1863
Connecticut—War bonds, 20 year
) Coupon
1864
War bonds, 20 year
>
or
1865
do
not taxable, 20 year.. ) regist’d.
1877
New bonds, coupon, 10-20 year
1872
TRst.pf Columbia— Perrn’t imp’t, gold, coup
1873
Permanent improvement bonds, coupon
1879
Bds for fund’g (Act June 10, ’79) coup, or reg.
1874
Fund, b’ds (U.8.guar.,Acts June,’74&Feb.,’75)
1872
Market stock, coupon
1871 to ’73
Water stock bonds, coupon
1872
Wash, fund’g, gld,($660,000 are M.&N.,1902).
1871
Florida—State bonds
1873
Consolidated gold bonds ($300,000 are 7s)....
1858 to ’66
Georgia—Atlantic & Gulf Railroad bonds
1866
Bonds, act of Mar. 12, ’66 (renewal W." & A.)..
1870
1872
onds, act of Jan. 18, ’72
1873
Bonds for funding (Act Feb. 19, ’73)
1876
Bonds to fund coupons on endorsed bonds...
1877
Bonds exchanged for endorsed RR. bonds
1879
Indiana—Bonds, coup, (pay’ble after Apr. 1/84)
Levee bonds (or warrants). *
Old unfunded debt, including interest
Ten year b’ds. Act May 29,’74
•
Alabama.—'The State gave 30-year
m
•
•
•
1,000
1,000
1,000
1,000
1,000
•
•
•
•
500 &c.
m
m
■
500 <fcc.
1,000
1,000
100 Ac.
1,000
500
100
100
50
50
&e.
&c.
&c.
&c.
Ac.
1,000
100 &e.
•
•
2,801,000
877,000
1,318,500
1,741,100
1,031,000
3,995,000
670,000
1,092,300
15,160,900
150,000
423,000
1,830,000
350.000
•
1,000
500
500 &c.
§uarterly gold bonds, act of Sept. 15,1870..
2 per
m
100 Ac.
-
School fund bonds (non-negotiable)
Iowa—War and defense bonds
School fund bonds
m
m
1,000
1,000
1870
Funding Bonds 1870 (Holford)
1,000
1,000
700,000
1,000
1,000
542,000
2,298,000
510,000
3,904,783
300,000
245,435
•
•
•
•
bonds, dated July 1,1876, bearing
till 1896, and 5
Ser cent for last 10 years, for old bonds, without any allowance for pastcoupons. Alabama & Chattanooga endorsed bonds are exchanged
ue
for $1,000,000 of the new bonds, Class C, which bear 2 per cent till 1881,
and 4 per cent for remaining 25 years. For railroad endorsements the
bonds issued bear 5 per cent. In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “ State obligations." An analysis of the
debt and funding operations was given in the Chronicle,
p.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. & Chatt.
RR. under act of Feb. 11, 1870, the State gives the lien on the lands
V. 24,
28.
granted to that railroad, 500,000 to 1,200,000 acres. Tax rate, 1878-9,
7 mills. The assessed valuation of real estate and personalty is $126,773,262. (V. 27, p. 94; V. 28, p. 199; V. 32, p. 182.)
Arloansas.—The State Supreme Court decided Levee bonds of 1869 and
1870 invalid. The State is in default for interest, except on the 10 per
cents of 1874 and secured sinking fund bonds issued under the law of
December, 1874. The total recognised debt is $5,813,627, and State
assets (land and sinking fund), $5,274,712. Assessed valuation of tax¬
able property in 1880 about $90,000,000, and tax rate 7*2 mills. The
following are the latest official assessments :
Real Estate.
$61,812,088
61,892,881
55,713,115
55,351,488
1875
1876
1877
1878
Personal.
$29,842,103
31.971,308
32,366,893
32,613,686
Tax Rate.
10
10
7
7*2
276; V. 31. p. 88, 204, 303.)
California.—The State holds in trust for School and University funds
the $500,000 Capitol bonds and also bonds of 1873, in all $1,244,000.
(V. 25,
p.
161; V. 27, p. 15, 40 ; V. 28, p. 171,
have been:
Total Valuation. Tax Rate.
Assessed valuations and rate of tax per $1,000
Years.
1875
1876
1878..
1879
Real Estate.
Personal.
$118,840,023
454,641,311
$199,243,292
140,431,866
128,780,824
118,304,451
Principal—>When
ipai—'
When
N.
■
do
do
July 1,1906
Jan‘lV’l*900
1899
1900
Y., Union Trust Co.
1900
do
do
J. A J.
J.
J.
A.
A.
A.
A.
A.
J.
A
A
A
&
&
A
'1884*'
Little Rock, Ark.
A J.
& J. New York, Nat. City Bank.
N. Y., Union Trust Co.
A O.
do
do
& O.
do
do
A 0
do
do
A O.
do
do
A 0.
8
"1899"
1900
1900
1900
April, 1900
*
gg.
g.
g.
365
7
7
6 g.
7
8
7
6
5
6
7
8
July 1,1906
July 1, 1906
A Tr. Bk.
Montgomery.
J. & J.
J. A J.
6
6
6
7
10
6
7
7
7
7
7
5 &
7
7
6
6
6
6
5
6
7
5
Whom.
J. A J. N. Y., Importers’
do
J. & J.
do
J. A J.
2 &c.
5
2 &c.
Due.
Where Payable and by
Payable
Rate.
925,000 7 A 6 g.
6
589,500
7
3,600,000
7 g.
2,097,000
7
307,500
250&C.
1861
cent till 1881, then 3 per cent till 1886, 4 per cent
INTEREST.
Amount
Size or
par
Value.
Date of
Bonds.
DESCRIPTION.
tbese Tables.
J.
J.
J.
J.
A.
M.
J.
J.
J.
F.
J.
J.
J.
A
A
&
A
&
&
&
&
1883 *
J.
Sacramento, Treasury.
>
1885
do
do
J.
1893
do
do
J.
Jan. 1, 1883“
J.
Hartford, Treasury.
Jan. 1, 1884
do
do
J.
Oct. 1, 1885do
do
O.
do
do
Mayl, 1897
N.
July 1, 1891
J. Wash, or N. Y., U. S. Treas.
do
do
July 1, 1891
J.
do
do
July 1, 1890
J.
do
do
Aug. 1, 1924
A.
do
do
July 26,1892
J.
Oct. 1.1901 to ’03
do
do
J.
1892 & 1902
do
do
J.
N. Y., Importers’ A Tr. B’k.
do
do
J. & J.
F. & A. N. Y., National Park Bank.
do
do
J. A J.
do
do
Q.—J.
do
do
J. A J.
do
do
A. & O.
do
do
J. A J.
do
do
J. A J.
N. Y., Winslow, L. & Co.
A. A 0.
do
do
Various
J. A J. New York, Kountze Bros.
State Treasury.
M.& 8.
i903
Jan. 1,
1881 and 1886
May, 1886
Oct., 1890
July, 1892
April 1, 1886
July 1, 1896
Jan. 1, 1880
April 1, 1889
July
lV
1831
for 1880 was $87,980,356; personal property. $11,421,431. The interest
and sinking fund on the 3-65 bonds are provided for by Congress; the
act of June 16,1880, allowed further issues of these bonds to the amount
of $1,256,750. Real estate has been assessed as follows:
Real Estate.
95,929,401
97,609,890
87,491,442
87,980,356
1878..
1879
Personal.
.
$93,452,684
$
•
15,419,873
17,239,051
13,363,920
—(V. 26, p. 599; V. 27, p. 303; V. 28, p. 553,578,599;
V. 31, p. 88, 122, 304, 381; V. 32, p. 69.)
Florida.—Less the sinking
cola & Mobile loan, the total
Tax Rate.
$15
15
15
15
15
V. 29, p. 17, 40, 95 ;
fund of $143,900, and Jacksonville Pensa¬
debt is $1,149,800, which does not include
$132,000 bonds of 1857, held by Indian Trust Fund. Coupons of the
consolidated bonds are receivable for taxes. Real and personal property
assessed in 1878 at $29,471,227; tax rate, 9 mills; jn 1879 at
$30,938,209, tax ^rate 7 mills. (V. 25, p. 212; V. 32, p. 100.)
Georgia.—The constitutional amendment in 1877
declared void several
issues of bonds and railroad endorsements. The Southern Georgia A
Florida Railroad has $464,000 of bonds endorsed, but pays interest.
Assessed value and tax rate per $1,000 have been:
Real Estate.
Personalty. Rate of Tax.
$146,036,806
Years.
$99,816,944
95,506,280
91,585,832
90,849,338
17; V. 30, p. 465.)
140,153,250
134,635,886
134,244,081
-(V. 27, p. 653 ; V. 28, p.
$500
5*00
500
350
Total Debt.
$8,447,500
10,644,500
10,444,500
10,344,500
Indiana—There are also $139,000 of 6 tier cent war loan bonds.
$650 Indiana made a compromise with her bondholders in 1846, giving them
595,073,177
735 State stock for one-half of their bonds and overdue coupons, and Wabash
6*20 A Eric Canal stock for the balance, about $7,500,000. The canal has
458,172,198
586,953,022
466,273,585
584,578,036
550 proved worthless, and the creditors claimed payment for their shares
Connecticut—The debt of Connecticut was all creak'd originally for from the State. Valuation, 1879, all taxable property, $884,368,828,
against $850,616,987 in 1878. Tax rate, 1-3 mills.
war purposes.
Assessed valuation and tax rate per $1JXM) have been:
Years.
Real Estate.
Personalty.
Tax Rate.
Iotca.—'This State has a very small debt, and also very small town and
1876
$244,121,905
$107,663,564
$P00 county debts. Assessed values (about one-third of true value) and tax
1877
238,027,032
106,379,945
1*50 rate per $1,000 have been :
,
.
235,412,691
1*50
1878:....
99,970,163
Years.
Real Estate.
Personal and RR. Tax Rate.
Debt.
1879..
228,987,709
95,901,323
1-50
1875
..$294,313,368
$101,109,772
$3
$S43,05S
The assessed valuation of real estate is about 70 per cent of the true value- 1877
302,277,661
102,292,333
3
545,435
303,381,498
102,159,899
3
545,435
District of Columbia.—The total assessed value of taxable real estate 1879
$618,083,315
SECURITIES
STATE
VI
*
Subscribers will confer a great favor
[VOL. XXXII.
by giving immediate notice of any error
discovered in these Tables.
INTEREST.
Date of
Bonds.
DESCRIPTION.
For
Size
Kansas—Bonds, 1861 to ’69, funding, Ac
Bonds for various State purposes
Military loan
Louisiana—Bonds for relief of State Treasury
Bonds in aid of various railroads
.
1861 to ’69
1861 to '75
1864 to ’65
1853
$100Ac.
$101,175
100 Ac.
739,000
289,000
61,000
273,000
500
1,000
L000
1|000
Act 115 of 1867
special—Act 32 of 1870
Ronds fnnding coupons
do
to Boeuf A Crocodile Navigation Co...
do
to Mississippi A Mexican Gulf Canal..
do
school, held by St. Treasurer
do
to N. Orleans, Mobile A Chatt. RR
do
to N. Orleans, Mobile A Texas RR
N. O. Mob. A Texas RR. bonds, end. by State
49^000
98^000
100 Ac.
1866
1867
1870
1866
1870
1869
1857
1870
1871
1869
1874
1880
1863
1864
1868
1880
1838
1838
bonds—Act 35 of 1865
do
dr>
outstanding.
Rate.
Value.
explanation see notes on first page of tables.
48^000
23^000
'500
80,000
260,000
48,000
70,000
2,500,000
875,000
11,439,500
1,281,790
385,000
2,330,000
2,826,900
307,000
1,995,555
2,436,666
155,615
31,069
269,000
528,355
298,435
62,605
3,326,750
225,000
465,000
965,554
Twos, fours and threes (see notes below)
] Coup.
Maine—War loan bonds
1
Bounty loan bonds
or
Municipal war debt assumed
, regisFour per cent bonds
J tered.
Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake A Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore A Susquehanna
....
m
m
m
m
m
m
m
m
•
•
•
•
•
•
•
•
1839
Kansas.—Kansas has but a small State debt, but
bonds amount to $13,000,000.
The valuations
-
'
100 Ac.
500^00
1,000
4,379,500
500 Ac.
£100 Ac
£200
£200 Ac
500 Ac.
200 Ac.
£500
4,000,744
999j944
5,506,952
1,366,500
3,598,540
1,497,980
670,000
1,300,000
200,000
3,599,024
1,000
1,000
5,000
£200
700,000
1,000
.1,000
1,500,000
1,100,000
1,292,280
591,000
1,000
£500
1,000
1,000
299,000
1,000
1,000
250,000
2,275,000
'439;000
i;ooo
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,727,000
401,000
104,000
1,693,000
267,000
504,000
-
100 Ao.
1,361,000
2,972,000
1,000,000
3,850,000
1,501,000
1,499,000
549,267
160,000
380,000
600,000
2,206,100
the issue of municipal
(at one-half of true
Total
Years.
1877
Total
Debt.
$1,235,975
1,181,975
1,181,975
1,181,975
Assets.
$119,475
116,875
94,275
181,776
Real
Personal
Property,
Rate of Tax
per $1,000.
$39,246,313
$5 50
97,483,242
5 50
39,997,287
41,131,187
97,567,623
5 50
101,229,734
43,700,545
5 50
—State funds hold $713,700 of the bonds.
Louisiana.—'The Constitutional amendment passed December,
1879,
Payable
Where
due.
payable and by
whom.
6
7
7
6
6
8
6
8
6
8
....
....
*
Real
Personal
Tax per
Total
Sinking
Estate.
Property.
$1,000.
Debt.
Funds.
$1,191,583,169 $822,289,966 $12 84 $33,550,464 $13,635,490
1,118,557,164
1,090,749,235
761,266,574
742,533,998
12 54 33,219,464 13,448,194
12 78 33,020,464 14,142,900
loan to Boston Hartford & Erie Railroad was secured
by
deposit of $3,600,000 “Berdell” mortgage bonds, afterwards exchanged
for N. Y. & N. E. RR. stock, and had a sinking fund of $1,141,991 Jan¬
uary 1, 1880.
(V. 26, p. 40, 523.)
The
Michigan.—The debt is praotically extinguished, as the sinking fund
$904,020 assets. Equalized valuation of real and personal property,
1880, about $630,000,000, and tax rate for State purposes 1 278-1,000
has
provides for a now bond in place of consols of 1871, bearing 2 per cent mills on the
$1.
for 5 years, 3 per cent for 15 yoars and 4 per cent afterwards, on which
Minnesota.—All the State bonds are now “held by tho permanent school
basis the interest charge per year for consols is $235,542. Constitutional
fund. Minnesota has refused to recognize tho “State Railroad Bonds” of
provisions of 1879, see V. 29, p. 96. To February, 1881, the 2 per cents
issued were $146,600; 4 percents, $175,025; and 3per cents (baby 1858, to the amount of $2,275,000.' A proposed compromise with the
bonds), $960,165. The assessed value of property for 1880 is $149,635,- holders was defeated by a large majority in 1877. In 1881 the Governor
805, and tax is limited to 6 mills. The interest tax alonowas5*2 mills advocated payment and the Legislature appointed a committee. (See
before the constitutional amendment, and bondholders are trying to en¬ references below.) Taxable valuations and State tax have been:
Real Estate.
Personal,
Tax Rate.
force its collection by suit ; in December, 1880. an iDjunction was grant¬ Years.
$173,548,259
$45,302,485
2
ed against the State Treasurer to prevent his diverting the interest 1876
45,141,659
2
175,783,979
funds. There is considerable overdue interest of the years 1874 to 1880 1877..:
46,175,304
183,615,738
2 *2
Inclusive. A suit has been begun by the State or Now Hampshire 1878
against Louisiana on her bonds. (V. 29, p. 18, 96, 277, 330, 358, 631; Tax for all purposes in counties averages 17*4 mills. (V. 32, p. 40, 183.)
Missouri.—Tho valuation of all real and personal property in 1878 was
V. 30. p. 117, 493; V. 31, p. 88, 559, 606.)
Maine.—The net debt January 1,1880, was $5,848,900. The sinking $628,329,312, of which $138,663,920 was real and $173,543,091 per¬
fund $1,166,159, January, 1880, reduced the total debt to a net sonal. Railroads and bridges were assessed separately at $26,122,201;
amount of $4,682,741.
Tax rate in 1877, 3 mills. For 1878, 334 mills. the gross valuation exclusive of railroads and bridges was $509,824,423.
Tho tax rate is 40c. per $100. Bonds maturing are met by sale of
(V. 31, p. 205.)
Maryland.—The State has largely assisted canals and railroads, and renewal bonds and by sinking fund. The Hannibal & St. Joseph RR.
bolds $3,585,327 of stocks ana bonds ranked as productive; the State provides for its own debt. (V. 27, p. 200, 409; V. 30, p. 467.)
also holds $25,323,304 in unproductive securities. Assessed valuation
Nebraska.—Tho State school fund holds $326,267. There are also $50,and tax rate have been:
Real and
Tax Rate,
Sinking 000 10 percent “ Grasshopper” bonds due 1885, interest paid January
and July.
Personal.
Years.
per $100.
Funds. per $1,000 Assessed valuation (33 *o per cent of true value) and tax rata
have been;
1876
$429,112,418
17*40.
$125,264 Years.
Real Estate.
Personal.
Tax Rate.
478,468,028
17*40.
126,642
$40,234,676
$35,232,722
$7 35
464,425,790
134,111
183*0.
40,589,285 '
33,589,360
7 35
183*0.
509,213,891
140,741
37,975,987
33,335,591
6 37*2
'
HO
6 37*2
39,263,823
35,125,713
Massachusetts.—The funded debt, January 1, 1881, was $32,799,464.
38,378,409
36,981,389
6 37*a
The sinking funds were $12,99 0,812. The Hoosac tunnel and connections
Nevada.—Tho debt of Nevada is hardly more than nominal, as tho
cost the State about $18,854,024, including interest paid.
Assessed
bonds are principally held in State funds.
valuation, tax rate, Ac., have been:
New Hampshire.—The debt of New Hampshire wag created for war
Personal
Real
Tax per
Sinking
Total
purposes. The Municipal loan of 1872 was issued to cities and towns,
Tears,
Estate.
Property. $1,000.
Debt.
Funds.
1875 ,...J$1,311,031,326 $882,877,758 $14 68$29,465,204 $13,577,106 the proceeds to be applied to their war debts. Total valuation in 1879*
1876.... 1,262,141,092 860,958,487 12 80 33,866,464 14,294,238 $206,959,017. Tax rate, $2 per $1,000. (V. 29, p. 171.) mu m
-
„
^
888,000
200,000
1,000
....
Estate.
$94,586,003
...»
500 Ac.
500 Ac.
100 Ac.
Railroad
„
Tears.
100 Ac.
Various.
1837
1870
Chesapeake A Ohio Canal
1839
Baltimore A Susquehanna Railroad
1839
Annapolis A Elkndge Railroad
1868
Defense Bounty Loan
1870 A ’74
Deaf and Dumb Asylum Loan
1872 A ’76
Maryland Hospital Loan, 10-15 years
1872
Maryland State Loan
1878
Treasury relief loan, 10-15 years
1863
Massachusetts—Coast Defense .Lean
1863
Bounty Fimd Loan
1864
Bounty Fund Loan
1864
do sterling
do
1869
War Loan, sterling
~
1858 to’61
Troy A Greenfield Railroad loan, sterling
1861 to ’63
do
home
do
1871
do
do
sterling
1875
do
do
sterling
do
do
dollar bonds 1873 to ’74
1875
do
do
do
1860
fiouthern Vermont Railroad Loan
Boston, Hartford A Erie Railroad, sterling... 1868 to’69
1874 A’76
Harbor Land Improvement (5-20s)
1874 A ’77
Danvers Lunatic Hospital
1875-’76
Lunatic Hospital, Worcester
1875
New State Prisons, sterling
1863
Michigan—Two Million Loan
1865
War Bounty Bonds
1873
Minnesota—State Building loan, coupon
1858
■Rft.ihrnju1 Bonds (not recognized^
1865 to *66
Missouri—State bonds, proper — 1
1868
Consolidated bonds
1872
University and Lunatic Asylum bonds
1874
State Bank stock refunding
1854 to’58
Bonds to North Missouri Railroad
1857 to ’59
Bonds to Cairo A Fulton Railroad
1859 to ’60
Bonds to Platte County Railroad
1854 to ’59
Bonds to Iron Mountain Railroad
1853 to’59
Pacific Railroad of Missouri.
1874
Funding bonds
Renewal bonds, coup., 5-20s, (act Mch. 29, ’75) 1875-6-7
1857 to ’75
Hannibal A St. Joseph Railroad
1874
renewal
do
do
1877
Nebraska—Bonds (aot Feb. 14,1877) coupon...
1871
Nevada—State bonds
1872
Territorial bonds
1864
New Hampshire—War loan, coupon bonds
1872
Municipal war loan
value) have been:
1,000
1,000
1,000
1,000
1,000
1,000
When
1883 to’84
N. Y., Am. Exch. Nat. Bk.
July.
do
do
1884 to’99
J. A J.
1884 to ’99
do
do
J. A J.
J. A J.
July, 1893
$15,000
1872 to 1906
Various
119,000
1886
Various
M. A N.
May 1, 1907
March 1,1875
Amounts not
M. A S.
1886 A ’88
J. A J.
fundable, i
Jan. 1, 1890
J. A J.
80,000 f per report of j
1899
7*30 M. A S.
260,000 Jan. 1,1878.
1897
Various
48,000
6
J. A J.
July 1,1910
8
70,000
A. A O. 2,500,000
April, 1911
8
875,000
8
Jan., 1914
N. Y., Bank of N. Y.
J. A J.
7
1886 A1914
New Orleans.
2, 4,3 J. A J.
March 1,1883
M. A S.
6
Boston, Suffolk Bank.
June 1,1889
do
do
J. A D.
6
Oct. 1,1889
A. A G.
6
Augusta and Boston.
F. A A.
4
$25,000 per year.
Boston, Suffolk Bank.
1890
5 g. J. A J.
London, Baring Bros.
do
do
1890
5 g. J. A J.
1890
5
Q.—J. Balt., Farm. A Mer«h. Bk.
1890
do
do
A. A O.
5
1890
do
do
3
Quart'y
1885
do
do
J. A J.
6
3 890
do
do
6
Q.-J
1890
do
do
A. A O.
6
do
1883
do
J. A J.
6
1885 A ’89
do
do
J. A J.
6
1887 A 1891
do
do
J. A J.
6
do «
do
1887
6
do
do
1888 to 1893
J. A J.
6
July 1, 1883
5 g. J. A J.
Boston, Treasury.
do
do
5 g. J. A J.
July 1, 1883
do
do
May 1, 1894
5 g. M. A N.
London. Baring Bros.
5 g. M. A N.
May 1, 1894
do
do
5 g- J. A J.
July 1, 1889
do
do
Oct., 1888 to ’90
5 g. A. A O.
Boston, Treasury.
5 g. A. A O.
April, 1891A ’93
5 g. J. A J.
July, 1891
London, Baring Bros.
do
do
Jan. 1, 1895
5 g. J. A J.
1893 A ’94
Boston Treasury.
5 g. J. A J.
do
do
5 g. .1. A J.
July 1, 1895
do
do
April 1,1890
5 g. A. A O.
July 1,1900
5 g. J. A J.
London, Baring Bros.
5 g. J. A J.
Sopt. 1.1894-96
Bostoa, Treasury.
J’yl,’94-Sep 1,’97
5 g- Various
Boston, Treasury.
do
do
5 g. Various
M’yl’95-Sep 1,’96
McCalmonts.
Jan. 1, 1895
5 g. J. A J.
London,
Jan. 1, 1883
J. A J. N. Y., Am. Exchange Bank.
6
do
do
M. A N.
7
May, 1890
St. Paul, Treasury.
J. A J.
July 1, 1883
7
J. A D.
Dec., 1887
7
1883
J. A J. N. Y., Bank of Commerce.
6
*
do
1888
do
J. A J.
6
do
do
J. A J.
July, 1892
6
do
do
J. A J.
April 1,1894
6
do
1881 to ’88
do
6
J. A J.
do
1881 to’89
do
6
J. A J.
do
1889 to ’90
do
J. A J.
6
do
1881 to’89
do
J. A J.
6
do
1886 to’89
do
J. A J.
6
do
do
J. A J.
July, 1894 A’95
6
do
1895-6-7
do
6
J. A J.
1887 to ’95
N. Y., B’k N. America.
T. A J.
6
do
1894-o-6
do
6
J. A J.
State Treasury.
April 1, 1897
A. A O.
8
1881 and ’82
State Treasury.
9*2 A 10 Various
March, 1887
M. A S. N. Y., Wells, Fargo A Co.
Concord or Boston.
M. A S.
Sept., 1864 A’89
6
do
do
Jan., ’92 to 1905
J. A J.
6
11879.
69778811 78
Consolidated funded bonds
Principal—When
Amount
or
par
ilT
OO
„
\
• »
SECURITIES
STATE
February, 1881.]
YU
immediate notice of any error discovered in these Tables.
Subscribers will confer a great flavor by giving
INTEREST.
For
explanations see notes on first page of tables
Principal—When
Amount
Size or
par
Value.
Date of
Bonds.
DESCRIPTION.
outstanding.
$1,000
$300,000
500
100
100
100
140,000
500,000
900,900
595,400
473,000
1,562,900
847,500
4,302,600
2,000,000
When
Rate.
Payable
Where Payable
Whom.
Due.
and by
.
•
New Hampshire— ( Continued)—
Loan of 1879
r.
Prison loan
New Jersey—War loan bonds, tax
War loan bonds, tax free
do
’ do
taxable
New York—
1879
1879
1861
1863
1864
1875
1872
free
Under Art. 7, Sec. 3, of Con-,
stitution, and Art. 7, Sec. 12.
Ac.
&c.
Ac.
&c.
768977881118769.
Canal debt,
•
1873
1873
1874
1879
North Carolina—Funding bonds tax-receivable.
Old bonds in process of funding
Bonds to North Carolina Railroad
Railroad bds, not fund. (Chatham and W. AT.)
1867
1868
do
Rhode Island—War bonds
War bonds
a
.*
Ridge Railroad bonds
Funding bills receivable
Payment of interest
Funding bank bills
Blue
Conversion bonds and stock
Land commission bonds
Fire loan bonds, sterling
stock, domestic
Bonds—Relief State Treasury
Reduction of Public Debt stock.
Consolidated bonds, coup. (Funding act)
do
stock (Funding act)
New consolidated bonds (brown)
do
1860
1856
1877
1*879
1852
1852
1867
1867
1867
1872
1862
1863
1863
1864
1794
1836 to ’61
1853 to’54
1866
1854
1868
1868
1868
1869
1869 to’70
1838
1838
1869
Dap.
act of 1873
Bonds resist’d, act oi 1873,($292,300 are 5s).
Held by E.T. University (not to be funded)...
Texas— Funding State debt (act May 2,1871)..
Frontier def’se,gold,act Aug.5,’70(red’ble ’91)
Revenue deficiency bonds, act Dec. 2,1871..
Bonds, act Mar..1874 (for paying float’gdebt)
Redemption of debt, act Aug. 6, ’76
Bonds, act April 21, 1879
•
•
•
1,000
registered
Virginia—Old bonds, 23 fundable
Old oonds, sterling, not required to be funded
Consol.) Act Mur. ’71) coup, tax receivable—
do
do
reg., conv. into coup...
do
(Act 1872) “Pealer,” cp. not rec’ble .
Deferred certificates (W. Va.)
New funding bonds, 10-40s, ($500,000 reg.).,
do
do
sterling
100
100
100
100
Ac.
Ac.
Ac.
Ac.
1,000
1,000
50 Ac.
50 Ac.
50 Ac.
„
m
^
m
1,000
1,000
1,000
1,000
1
1,180,000
383,045
44,000
11,366,000
4,072,640
2,400,000
8,000,000
2,000,000
395,000
87,000
9,251,850
814,300
321,750
500,000
965,000
200,000
631,000
738,000
Various
Various
1,000
50,Ac
1,000
1,000
1,000
500,Ac.
500,Ac.
500,Ac.
/9\
'
(0
r
i
1 ftTS
1873
1873
1879
Railroad endorsements
Tennessee—New funding bonds,
Vermont— War loan bonds,
•
1,000
Agricultural College land scrip
South Carolina—State stock
State House stock
bonds
do
Funding bonds and stock
(1)
2,800,000
1,000
1,000
Registered loan, payable after Dec., 1886 —
Pennsylvania—Reg. bonds, tax fr., (red’ble ’92).
Registered bonds, tax free, 15-25 years
Coupon loan (except $53,000 reg.), April 2
do
April 2..
Stock loan of Feb. 2 (registered)
do
do
(registered)
do
do
20,616,000
500 Ac.
Registered certificates of literary fund
Penitentiary bonds, act Aug. 24, 1868
Special tax bonds
Ohio—Register’d loan, payable after June, 1881
do
S.sa’s
$50 Ac.
4,023,000
Various
Various
500 Ac.
1874
Various.
1872
1871
1872
1874
1876
1879
1862
1,000
1,000
1,000
1871
1871
1872
1871
1879
1879
149,254
1,000,000
4,797,608
4,867^00
14,957,300
397,000
75,000
1,000
1,000
1,000
692,000
500,000
1,000,000
1,000
1,647,000
533,700
100 Ac.
500 Ac.
1851 to’66 500 Ac.
£100 Ac
1851
100,Ac.
100,Ac.
100,Ac.
Various
J. A J. Bost. ,Nat. Bk. Common w ’1th July 1, ’89-’90-’91
do
do
J. A J.
July, 1881 to ’91
J. A J. Trenton and Jersey City.
6
Jan., 1881 to ’84
do
do
6
J. A J.
Jan., 1886 to ’96
do
'
do
Jan.,’97 to 1902
J. A J.
6
6 g. J. A J. N. Y., Manhattan Co. Bank.
Oct., 1893
do
do
6 g- J. A J.
July, 1887
Jan. 1,1883
do
do
6 g. J. A J.
do
do
6 g. J. A J.
July 1,1891
Oct. 1,1892
do
do
6 g. A. A O.
1909
New York.
4
J. A J.
1868 to ’98
do
6
Various
1883 to’85
do
6
Various
1868 to ’98
do
6
Indefinite.
J. A J.
6
Raleigh, Treasury.
New York.
Oct., 1898
A. A 0.
6
1898 to ’99
do
A. A O.
6
J. A J. N. Y., American Exch. B’k.
July, 1881
6
do
do
Jan., 1887
J. A J.
6
Feb. 1, 1902
5
F. A A. Phila., Farm. A Mech. B’k.
do
do
Aug. 1, 1904
4
F. A A.
do
do
July, 1882
5 g. J. A J.
do
do
July. 1882
4^g. J. A J.
Feb., 1892
do
do
F. A A.
6
Feb., 1882-1892
do
do
F. A A.
5
1882
do
do
6
F. A A.
1922
6
Harrisburg Treasury.
Sept. 1, 1882
M. A S. Providence, R. I. H. A T. Co.
6
do
do
Aptil 1, 1883
A. A O.
6
do
do
July 1, 1893
6
J. A J.
do
do
F, A A.
6
Aug. 1, 1894
At pleasure.
3 g.
Q.—J. Columbia, State Treasury.
1877 to ’86
do
do
6 g. J. A J.
1871 to’80
do
do
6
J. A J.
5
»
135,500
3,030,088
1,302,851
13,474,800
895,147
2,465,205
15,239,370
8,171,600
346,000
.
•
•
r
6
6
6
6
6
6
6
5
6
7
6
6
6
6
g.
gg.
g.
gg.
ggg.
m
J.
J.
A.
A.
J.
J.
J.
m
^
A
A
A
A
A
A
A
r,
J.
J.
O.
O.
J.
J.
J.
Q.-J.
Q.-J.
J. A
J. A
J. A
•T. A
J. A
6
5 A 6
6
6
7 g.
7 g.
7 g.
6 g.
5
6
6
5
6
6
6
6
3 to 5
3 to 5
Columbia and New York.
Columbia, Treasury.
Columbia and New York.
do
do
do
do
do
do
do
do
July 1,1887 to ’97
July 1,1875 to ’79
July 1,1888
July 1,1888
July 1,1889
London.
July 1,1868
July 1,1869
Columbia.
J. Columbia A Fie. Agen. N.Y.
J.
J.
Columbia, Treasurer.
do
do
J.
J. N. Y., National Park Bank.
J. A J.
Nashville, Treasurer.
do
do
J. A J.
do
do
J. A J.
State Treasury.
Various
M. A S. New York, Bank of N, Y.
do
do
J. A J.
do
do
J. A J.
J. A J. New York A State Treasury.
do
do
J. A D.
J. A D. Boston, Nat.Bk.of Redemp.
New York.
J. A J.
J. A J.
London, Baring B. A Co.
Richmond, Treasury.
J. A J.
do
J. A J.
do
J. A J.
J. A J.
J. A J.
J. A J.
July 1,1882
1888
July 1,1893
July 1,1893
July 1, 1914
1875 to 1900
Various.
1891
1911
1802
March 1. 1904
July, 1906
1909
Dec. 1, 1890
1886 to’95
1886
1905
1905
Contingent
1919
1919
Sinking funds tion of real property in 1876 (the latest made) was $243,658,190
and personal, $84,872,369; tax rate 1879,12 cents on $100.
$1,428,545. Of the first class of bonds the principal
is payable $100,000 per year.
South Carolina.—The funding law of Dec. 22,1873, provided for seal,
Valuation of real property in 1879,
$426,953,103; personal, $129,809,670; total, $508,892,338, against ing down the old debt 50 per cent. The question of the validity of consol$531,851,849 in 1878.
bonds went before the State Supreme Court. See decision V. 29, p. 358.
The debt is in process of change into new consolidated bonds (brown).
New York—The financial condition of the State was commented upon
Valuations and rate of tax per $1,000 have been :
by Governor Cornell in his message, Jan., 1881. 'V. 32, P* 70). Valua¬
New
Jan.
Jersey—The debt was created for war purposes.
1,1886,
were
tions and tax rate
for State purposes have been:
Years.
Real Estate.
1876
1877
1878
1879
1880
r.
Personal.
State Tax.
$2,108,325,872
2,376,252,178
2,373,418,490
2,333,669,813
$357,941,401
379,488,140
364,960,110
353,469,320
3H24
316
29,0
North Carolina — Interest is paid on bonds issued to No. Carolina RR.
as the State holds $3,000,200 stock and receives dividends
thereon. The funding bill of Feb., 1879, provided for funding old antewar bonds at 40 per cent of the face value; “ New ” railroad bonds recognixed as valid at 25 per cent; funding bonds of 1866 and 1868 at 15 per
cent. Nothing for overdue coupons. Coupons of the new bonds are re¬
ceivable for taxes, the first coupon of 2 per cent being payable Jan., 1881.
If all ^ere funded
the new 4 per cents would be $3,900,000.
($2,800,000),
Special tax bonds are ignored, and also bonds to Chatham RR. 1868,
$1,030,000, and to Williamston & Tarb. RR., $150,000, and for Peniten¬
tiary under acts of 1868. Assessed valuation of real estate is about 60
per cent of true value. Valuations and tax rate per $100*have been:
1877
1878 1
1879
Personalty.
Real Estate.
$54,212,248
51,228,268
$92,158,245
91,079,834
—(V. 28, p. 69, 200, 327; V. 31, p. 45, 560;
Ohio—Ohio has a very
TotalValuation.Taxpr. $100
$146,370,493
142,308,102
157,967.481
38
38
32i3
V. 32, p. 115.)
1878
Real estate.
4^
2%
Personalty.
41,604,113
43,967,758
4$
The
“New,” issued since 1862; “New Series,” the new funding bonds.
Assessed valuations and tax rate per $J ,000 have been:
Years.
Real Estate.
Personalty. Tax Rate.
$239,370,485
212,589,045 202,340,815
196,165,644
$28,632,000
24,319,803
20,871,338
16,952,036
-(V. 28, p. 174, 200,277,353, 429,454, 526, 580: V. 29, p.
V. 30, p. 467 ; V. 31, p. 190, 296, 330, 340; V. 32, p. 62.)
$4
1
1
1
226,272, 278,
Texas.—The old liigh-rate bonds have been redeemed and low-interest
bonds issued. Assessed valuations and rate of tax per $1,000 have been:
Years.
1860$639,894,314 $248,408,290 1877.$1,084,455,378 $490,190,387
1866.. 663,647,542 442,561,379 1878 ..1,091,116,952 461,460,552
1876.. 1,076,788,367 520,681,599 1879.-1,093,768,904 442,979,885
State tax rate, 29i0 mills. (V. 28, p. 69 ; V. 30, p. 466.)
85,633,873
76,583,866
renewed and $373,000 yet to be registered. The State’s endorsement*
for railroads are $1,308,000, which is taken care of by the roads. Ten¬
nessee bonds sold in New York as “old,” are those issued before 1862;
small State debt, but large local debts, amount¬
Personalty.
Total Val’tion. Tax Rate.
debt January, 1879, was^O,221,300 in outstanding bonds, and $4,156,522 in overdue interest; there were also $416,000 bonds yet to bo
ing in 1879 to $41,490,574, against $25,957,588 in 1875, this increase
being mainly in Cincinnati debt. Valuations in Ohio have been as follows:
Real estate.
Personalty.
$48,839,0tfL
$135,735,863
132,237,986
120,551.624
—(V. 28, p. 18, 378, 402; V. 29, p. 358, 383; V. 30, p. 118.)
28631000
Tennessee.—The funding bill proposed was given in V. 28, p. 353.
3^
—(V. 32, p. 70.)
Years.
Real Estate.
$86,896,002
Real Estate.
Personalty.
Total Val’tion. Tax Rate.
$174,324,176
212,698,432
187,722,374
186,297,495
$83,307,833
106,237,273
115,480,050
114,227,912
$257,632,009
318,935,705
303,202,424
300,525,407
$5
5
5
5
—(V. 30, p. 314.)
registered bonds $135,500 are held for Agricultural
Assessed value of real estate, 1879, $71,017,881; personal,
$15,375,533; tax rate, $4 per $1,000.
Vermont— Of the
College.
Pennsylvania.—Sinking fund, $8,504,899, Revenue is raised prin¬
Virginia.—The law of April, 1879, for refunding the debt, is given in:
Taxes are levied on personal property, which Chronicle, Vol. 28, p. 353. The new bonds are 10-40 year bonds, and
was assessed in 1877 at $159,318,817.
The State holds $1,754,331 in bear 3
per cent for 10 years, 4 per cent for 20 years, and 5 per cent for
stocks and $7,900,000 of railroad bonds. Any coupon bonds may be
10 years, coupons tax-receivable.
Assessed values in 1878 were:
changed to registered. The bonds due in 1882 are payable at any time real estate, $242,702,503; personal, $73,984,368;
total, $316,tiU 1892.
(V. 28, p. 43, 149, 600; V. 29, p. 192, 330.)
686,872. Tax rate, 5 mills. The U. 8. Supreme Court in January, 1881,
Rhode Island.—The debt was all created for war purposes. In Jan., held the coupons of consol, bonds not taxable by the State. (V. 30, p.
1380, the net debt, less sinking fund, was $1,828,013. The State valua¬ 163, 223, 454; V. 31, p. 88, 484, 578, 608; V. 32, p. 123.)
cipally from corporations.
tM
CITY
Vlll
Snbteriben will confer a great favor
SECURITIES.
[Vol. xxxir.
by giving Immediate notice of any error
discovered In the»e Tables.
INTEREST.
Date of
bonds.
DESCRIPTION.
For explanations see notes on first page
of tables.
Albany, N. F.—Purchase Congress Hall Block..
City improvement
Washington Park ($40,000 are 5s, due 1920) .
New Post Office site
1866
1870-’71
1870-’78
1874
Size
outstanding.
$1,000
$150,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
448,000
664,000
113,000
70,000
230,000
900,000
165,000
1875
1851 A ’52
W fttcr stock
Addlt’nal
7s) 1874-’77
($400,000 due
1877
Western Avenue improvement bonds
1865
1,000
Bonds loaned to Albany A Susquehanna RR..
’66-’67-’72 500 Ac.
Atlanta, Oa.—Bonds for streets,Ac
1869-’70
1,000
Bonds, A. L. Railroad for and State House
1872 & ’77 500 Ac.
Bonds for West. RR. and floating debt
1874v
1,000
Bonds, 1st and 2d series, waterworks
1877
500 Ac.
Redemption bonds
1875
1,000
do
250 &c.
Various.
Augusta, Go.—Bonds for various purposes
100 Ac.
Various.
Baltimore—Consolidated loan of 1890
100 &c.
1877
Water loan, reg. stock, red. at will after 1916
100 Ao.
1878
Funding loan, reg. stock, tax free..
100 Ao.
1863
Consolidated bounty loan
100 &c.
1865
Exempt bounty loan
100 Ac.
1860
Public parks (Druid Hill)
100 Ac.
1863
Park improvement loan
1853
100 Ac.
Five million loan to Baltimore A Ohio RR..
1853
100 Ac.
One million loan to Pittsb. & Connellsville RR
100 Ac.
1868
New City Hall
100 Ac.
1870
do
do
100 Ao.
1874
do
do
100 Ao.
1864
Consolidated loan
100 Ao.
Court house loan
100 Ac.
1870
Funding loan
100 Ao.
1872
Western Maryland Railroad
100 Ac.
1872
Jones’ Falls ($334,600 aro 5s)
1873
Valley Railroad
100 Ao.
1874
Water loan ($263,000 only are 6s)
Endorsements for Western Maryland RR
do
do
Union Railroad
1858 to ’72 100 Ao.
Bangor, Me.—City debt proper
1874
1,000
Municipal loan
.*
1875
500 Ac.
Water loan bonds, coup. (Act Feb. 22, 1875).
1869
1,000
European A North American Railroad
1869
1,000
Bangor & Piscataquis Railroad
Various.
Bath.Me.—Fund.debt($24,500are6s, ’87, J.AJ.
Various.
Railroad loan
Various.
1861
Androscoggin Railroad...
Various
1869
Knox A Lincoln Railroad ($23,750 each year)
do
do
(F.AA.and M.AS).. 1871-’72 Various.
1852 to ’64
1,000
Boston— Foroity purposes, war debt. Ac
1864 to ’80
1,000
For city purposes
1878-’79
do
do
registered
1879
do
do
do
£100 Ac
1873
Burnt district, sterling loan
£100Ac
1869
Consolidated street improvem’t, sterling loan.
1860 to’64
1,000
Roxbury debt, assumed
1861 to’69 Various
Dorchester debt, assumed
1862 to ’73 500 Ac.
Charlestown debt, assumed
1862 to’76
1,000
Mystic water debt, assumed
1868 to’73 Various.
Brighton debt, assumed
High School
suppiy
i.90(>3,are
,
Various.
1867 to ’71
1,000
1871
£100 Ac
1872
do
do
’72-73
1,000
Water works, Roxbury, coupon and registered 1868 to ’70
1871 to'74
1,000
do
Roxbury A Dorchester
1871
do
Dorchester, all registered
do
W. Roxbury & Brighton, all reg 1875 to'77
1876
do
do
reg....
1872 to ’75
1,000
Additional supply water
1878-9
do
do
registered
1878
do
do
do
1879
do
do
do
1871 to '74
1,000
Various purposes, for water works
1875-’7G
1,000
Water loan bonds, gold, coupon or reg
1877-’78
Public park and school buildings, registered..
1877-’78
Improved sewerage, registered
100 Ac.
1878-’79
Improved sewerage bonds, coup, and reg
1,000
Brooxb/nr-Debt of Williamsburgn, local lmpr’t 1859 to’61
1861
1,000
Brooklyn local improvement loan
1857
1,000
Mount Prospect Square loan
1865
1,000
Soldiers’ aid fund loan
1867
1,000
Third street improvement loan, local
1866
1,000
Gowanus canal improvement loan, local
1865
do
1,000
Bushwick avenue
do
do
do
renewal of loan due'70-71, all reg.
'
7
7
6
6 A 7
6
6
8
7
8
7
8
10
7
6
5
5
6
6
6
6
6
6
6
6
6
5
5
6
6
5A 6
6
5 A6
6
6
6
6
6 *
6
6 A 7
5 A 6
6
6
6
6
5 g.
6
4
500.000
943,161
85,900
800,000
1,000,000
1,134,600
1,015,300
4,815,800
1,375,000
117,000
136,000
100,000
500,000
1,000,000
925,000
102,500
193,000
425,000
475,000
420,600
3,179,500
10,745,000
516,000
450,000
4,997,604
3,332,107
287,000
68,500
1,060,000
1,153,000
57,141
330,000
1,725,000
688,000
1,947,273
385,000
415,000
375,000
360,000
100,000
648,000
670,000
*
12,000
268,000
426,000
3,452,000
550,000
168,000
1,200,000
Albany.—The loan to Alb. A Susquehanna is seoured by first mortgage.
Albany County in 1880 was, approximately: Real
estate, $49.000,000; personal, $4,500,000 estimated to about one-half
-of true value. City tax rate 1879, 2-84, against 3*20 last year. Popu¬
lation, 90,713 in 1880; 69,422 in 1870.
Atlanta.—The total bonded debt Jan. 1, 1879, was $1,815,500; floating
debt, $382,415. Assessed value of real estate in 1878, $12,230,000;
personal, $5,766,530. Tax rate for all purposes, $2 30 per $100. Popu¬
lation, 37,825 in 1880; 21,789 in 1870.
The valuation of
5, 6 A 7
5,000,000
1,000,000
1,000,000
1,000,000
‘
38,000
213,000
90,000
552,000
302,000
188,000
183,000
Payable
6
7
436,000
400,000
418,000
430,000
77,000
52,000
2,033,000
7,306,546
5,000,000
1,000,000
2,211,068
410,353
555,566
185,723
Where
When
Rate.
1,000,000
076981 78 1
West Roxbury debt, assumed
Water loan, Chestnut Hill reservoir
Principal—When
Amount
or
par
value.
Due.
payable and by
whom.
F. A A. Boston, Merchants’ Bank. Feb., 1885 to ’94
New York,
M. A 0.
March, ’80 to 190*
1910-’20
do
Various
M. A N. N^Y., Merchants’ Nat. Bk.
May l, 1904
do
do
M. A N.
May 1,1880 to’85
do
do
F. A A.
Feb., 1881
do
do
Feb. 1,1893-1912
F. A A.
do
Feb. 1.1883-4-5
do
F. A A.
1895-’97
M. A N. N. Y., Del. A Hud. Canal Co
J. A J. AtlantaAN.Y.,Am.Ex.N.Bk
1881/86 A ’92
J. A J., 1890
do
do
J. A
*do
do
J. A J., 1902
J. A
do
do
J. A
Jan,1, 1904
do
Jan. 1, 1897
J. A
do
M. A S.
do
do
8ept. 1,1885 *
1880 to 1904
Various
Augusta.
Q.-J. Balto., Farm. A Plan. Bank.
M. A N.
M. A N.
M. A S.
M. A S.
Q.—M.
J.
A*J.
i.—J.
5.—J.
Balto., N. Mechanics’Bank.
do
Balto., Farm. A Plan. Bank
Balto., N. Mechanics’ Bank
Balto., Farm. A Plan. Bank
do
do
do
do
do
J.
I—J.
$.—J.
A J.
July 1, 1884
do
April 15,1900
March 7, 1902
do
After 1885
At will.
do
do
do
July 1, 1900
Jan.
1,1902
April 9, 1900
Oct. 31,1886
July 1, 1894
Balto., N. Mechanics’ Bank
do
do
Q.—F.
A. A O.
J. A J.
J. A J.
J. A J.
Various
J. A J.
J. A J.
J. A J.
A. A O.
M. A S
do
do
do
do
do
do
J.—J.
J.
do
Balto., N. Mechanics’ B’k
do
do
Baltimore.Register’s Office
Balto., N. Mechanics’ Bank. Jan. 1 ’90 A 1900
Jan. 1, 1895
Baltimore, Franklin Bank.
1880 to '92
Boston, Merchants’ N. B’k.
Jan. 1,1894
Boston or Bangor.
Boston, Merch’ts’ Nat. B’k.
July 1, 1905
do
Jan. 1,1894
do
do
do
City Treasury.
April 1, 1899
1887 A 1898'
’83. ’85 A’98
-
Boston, Second Nat. Bank
A. A O City Treasuryand Boston,
IVarious
J. A J.
Various
Various
Various
Various
July 1,1890
July 1,1916
After July, L916
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890 f
Jan. 1, U895
Jan. 1, 1890
Jan. 1, 1886
do
do
April 1, 1891
July 1,1880 to ’99
do
do
Boston, Treasurer’s Offloe.
do
do
do
do
do
do
1891 A 1902
1880 to ’87
1880 to ’97
1887-’89
-Oct., 1889
April. 1893
July, 1899
4*2
% g‘
5 g.
.
A» AO.
A. A O
London, Baring Brothers,
do
J. A J
1880 to ’84
Various Boston, Treasurer’s Office,
do
1880 to’81
do
Various
do
1882 to’93
do
Various
1881 to’94
do
do
Various
do
1880 to’81
do
Various
do
do
1880 to ’91
Various
do
1880 to 1901
do
Various
do
do
A. A O.
April, 1901
A. A O. London, Baring Brothers.
Oct., 1902
1880 to’99
Various Boston, Treasurer’s Offioe.
1901 to 1903
do
do
Various
do
do
J. A J.
Jan., 1901
do
1905 to 1907
do
Various
do
do
A. A O.
April, 1906
do
1902 to 1905
do
Various
do
1908-1909
do
A. A O.
do
1908
do
A. A O.
do
do
A. A O.
Oot., 1909
1901 to 1904
do
do
Various
1905 A 1906
do
do
A. A O.
do
do
Various
July A Oot., 1887
do
do
A. A O.
Oct., 1897
do
do
Jan. 1, 1899
J. A J.
1880 to ’81
J. A J.
Brooklyn.
do
1891
M. A N.
do
1987
J. A J.
do
1885 to ’94
A J.
do
1881
A J.
I
1880 to 90
do
A J.
o cS^ I
1880 to’90
do
A J.
o
n t
5, 5ia, 6
7
5 A 6
5 A 6
6ifi A 7
6ifl A 7
.
6
6
5 g6
6
6
5 A 6
S*
4
5
4ia
6
5 g.
4>a
5
A
6
7
6
7
6 A 7
7
7
Srfa
Municipal property, including water works, about
tion, 16,851 in 1880; 18,829 in 1870.
Bath, Me.—The city holds a first mortgage on the
$800,000.
Popula¬
Androscoggin road
for the debt, and second and third mortgages on the Knox A Lincoln for
its proportion of $895,000 out of a total
$2,395,000 bonds
by
several cities in aid of the latter road. Tax valuation, 1877, $7,267,690;
tax rate, $24 50 per $1,000.
of
Boston.—The
issued
population of Boston in 1870 was 292,497, against
177,840 in 1860; in 1875 it was 341,919. The total funded debt April
30, 1880, was $42,030,125. and net dobt, $27,842,104. The tax levy is
divided as follows: State, $619,110; county, $260,000;city, $8,587,786.
Augusta.—Ot this debt, $600,000 was issued for railroads, and balance
for canal enlargement, water works, Ac. Sinking funds, May 1, 1880,
$117,750. Taxable valuation in 1880: Real estate, $9,010,960; per¬ The rate on $1,000 is divided as follows: State, 86 cents; county, 27
sonal, $5,028,107; tax rate, $1 58 per $100. (V. 28, p. 17.)
cents; city, $14 07; total, $15 20, against $12 50in 1879.
Assessed
Baltimore.—The fiscal year of Baltimore ends now with December 31* valuation on May 1 for five years have been :
Real
Tax
instead of October 31. The total of all sinking funds, January, 1880*
Personal
was
Estate.
Rate.
Estate.
Not Dobt.
$7,091,719. The Baltimore A Ohio Railroad pays interest on Years.
$5,000,000: Water loan is paid by income of water works, and Public 1876
$222,838,310
$12 70
$526,157,900
$27,052,778
.Park by City Passenger Railway, and against a total debt of $35,023,798,
1877
481,407,200
205,433,386
13 10
27,480,524
the city has $18,915,623 productive assets, leaving $16,108,174, against 1878
190,070,966 '
26,159,777
440,375,900
12 80
which are held $4,807,472 of unproductive assets; interest is raised by 1879
428,786,300
184,545,700
12 50
26,229,666
axation on $13,119,953 of debt. Population in 1870 was 267,354, against
437,230,600
201,858,600
15 20
27,842.104
212,418 in 1860. The assessed valuation and rate of taxation have been: —(V. 28, p. 145; V. 31, p. 303; V. 32, p. 99.)
Real
Personal
Total
Rate of Tax
Brooklyn —The wholo city debt was as follows on January 1,1880:
Estate.
Years.
Property.
Valuation.
per $1,000. Permanent debt,
water loan. $11,216,500; temporary
1875
$71,000,000
$231,365,863
$19 72^ debt, $9,688,000; $18,693,000;
$163,543,890
tax certificates, $3,120,000;
1876..... 162,539,157
70,000,000
228,816,110
19 72^ sinking fund, $5,152,130; not debt, $37,565,369.total, $42,717,500; less
Tax rate 1880, $26 70.
178,572,032
256,105,341
77,533,309
19 72^
Population in 1870, 396,200, against 554,465 in 1880. Valuation of
70,308,003
19 00
179,958,592
249,266,595
property and tax rate per $1,000 for five years have been :
1S3,580,023
244,043,181
15 00
60,463,158
Real.
Rate.
Years.
Personal.
187.387.000
252,900,000
65,613,000
13 70
$16,287,125
$34 27
$208,904,750
Assessed valuation is near the full cash value. (V. 29, p. 562; V.31,p.509.)
213,134,543
13,878,580
32 54
Bangor, Me.—The loans to Eu. A No. Am. R. R. to Bangor A Pis. R.<R.
216,481,801
13,111,215
31 72
are secured by first mortgages on those roads, and interest mostly paid
14,968,911
27 00
218,373,093
from the earnings. Valuations (near full value) and tax rate have been:
221,000,000
11,900,000
25 50
Real Estate.
Years.
Personalty.
Tax rate.
The debt of Kings County, separate from the debt of Brooklyn, is
$6,703,527
30*25
’ $3,202,573
6,598,927
3,043,534
21*33 about $4,000,000, of which tho oity is responsible for nineteen2,692,211
6,381,853
22*50 twentieths. (V. 28, p. 41.)
-
CITY
FEBRUARY; 1881.]
Snbtcrtbgf will confer a great
SECURITIES.
ffcvor by giving Immediate notice of any error
discovered In these Tables.
INTEREST.
Size
Date of
DESCRIPTION.
or
For explanations see
Value.
9
notes on first page of tables
Brooklyn—(Continued i—
South Swath st.imprQYement loan, local
do
Union street
do
do
Fourth avenue
do
do
do
Wallabout Bay
do
do
Prospect Park loan
Permanent water loan
do
do
..*
Sewerage fund bonds, continuous,
local
do
do
S’tli B’klyr
Assessment fund bonds, continuous, local
Central and Knickerbocker av. sewer bonds..
Boulevard bonds
Temporary tax certificates
JBijffalo, N. Jamestown debt bonds
Y.— Funded
Buffalo &
Railroad
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1870
1876-’79
1860 to ’73
1860 to ’72
1857 to ’72
1872 to’75
1877-8-9
1877-8-9
1877-8-9
1870
1873
1876 to ’78
1853 to’75
1,000
1873 to’75
1,000
1871 to ’73
1,000
1868 to ’76
1,000
1876
1876
1,000
1876-77-78
1878
1000 Ac
1879
1880
1,000
1858 to ’63 500 &c.
1864
1,000
260,000
346,000
406,000
3,000,000
5,150,000
8,019,000
1,217,000
9,777,500
1,439,500
1,650,000
100,000
4,530,000
618,000
842,000
3,120,000
2,099,250
1,000,000
700,000
2,729,382
100,000
635781781
Buffalo New York A Philadelphia
Waterworks bonds
Water bonds, coupon
Park bonds (Act May 17,1875)
Railroad...
Tax loan bonds
Water
bonds,
reg
Bonds, coup, or reg
Bonds, water, Ac., coup, or reg
Cambridge, Moss.—City bonds
City bonds
1863
1,000
1856 to’76 500 Ac.
500 &c.
1873-’74
500 Ac.
1874-5
1866
1,000
1866 to ’77 500 Ac.
1865
1,000
1867 to’75
1,000
do
do
do
do
Water loan....
do
do
do
do
1869-71
1,000
Charleston, 8. G.—City stock
1853 to ’54
City bonds, coupon
1866
Fire loan bonds, coupon
Conversion bonds, to redeem past-due debt...
do
coup, or reg.
(non-taxable)
1,000
1,000
1,000
1,000
500,Ac.
1,000
Chicago—Water loan
Water loan
500 &c.
Sewerage bonds
do
i',ooo
improvement bonds
1,000
Municipal bonds
500 &c.
Municipal and School bonds
South Park loan (secured on South. Div.)
1870
1,000
West Chicago Park (secured on West. Div.)...
1865 to’80 500 &c.
Cook Coimty debt
1,000
Cincinnati- Loans to Railroads.F,A, G,H,I& M 1844 to ’54
1855
1,000
Bonds to 0.& M. RR. to purchase whf. prop.N
River
.
1876-’77
150,000
99,000
100,000
150,000
1,597,000
689,000
514,000
100,000
774,000
55,000
485,000
162,000
1,000
1,000
1,000
1,000
500 &c.
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
.
1,000
500 &c.
1,000
1,000
1878
80,929,165
7,947,380
J.
4, 5, 6, 7 J.
J.
J.
7
7
5,
50,000
300,000
175,000
50,000
1,000
395,291
....
17 60
117,714 in 1870.
$605,281, Novem¬
ber, 1879.
The investments are nearly all in city bonds at par and
stamped “ not negotiable. Only $52,000 debt matures before 1881.
Tax valuation, 1875, $66,623,014; 1877 . $55,000,000; 1879, $49,238,098. Total debt, November, 1879, $3,254,000. Population, 52,860 in
1880; 39*634 in 1870.
do
1
do
do
do
do
do
do
do
do
do
do
do
do
do
S
•d
•
g
.
1880 to’90
1880 to ’86
1880 to ’95
1880 to ’90
1901 to ’24
1907 to 1912
1915 to’24
1915 to’24
1881 to 1908
ft*>
§■3
Is
3 years
3 years
3 years
from date
from date.
from date*.
1880
1876
1878-1881
1880 to 1890
1893 to 1895
1881 to 1893
1880 to 1920
o
o
-
6
6
6
6
6
6
6
6
7
7
4
A.
J.
J.
F.
A.
M.
5H»
6
7
6
6
7
7
7
6
7
7
7
4*2 to 7
6
6
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
7 3-10
7
7
7
7 3-10
7
7
5 & 6
7
&
&
&
&
&
&
J.
J.
A.
O.
N.
Apr. A Oct. l,’84-5
July 2,1880
do
do
do
do
do
do
do
do
do
do
do
do
O.
July 1,1881 to ’97
Aug. 1,1883
Apl. 1,1887-1395
May, 1889-1891
Charleston.
Q.-J.
do
Various
do
J. & J.
do
A. & 0.
do
J. A J.
A. A O. Boston, N. Bk. Redemption
do
do
Various
do
do
F. A A.
do
do
F. & A
J. & J. N. Y., Am. Ex. Nat. Bank.
do
do
J. A J.
do «
do
J. & J.
9,237,000
5,078,000 6g. or 7*3
6 & 7
2,000,000
7
1,000,000
i;ooo
Brooklyn.
Buffalo and New York.
Various
Buffalo.
Various
Buffalo and New York.
Various
do
do
Various
N. Y., Gallatin N. Bk.
July 1,1896
J. A J.
Prior to 1936
Buffalo & New York.
M. & 8.
do
do
July, 1880-’83
6 & 7 J. & J.
do
do
Sept. 1, 1898
5
M. & 8.
1899
do
do
5
Various
do
v
do
Sept. 1, 1904
4
M. & 8.
1880 to 1882
5
Various Boston, Bank Redemption.
do
do
April 1,1889
5
A. & O.
Jan. 1,1893
5 g. J. A J.
Boston, Tremont Bank.
6
J. & J. Boston, Bank Redemption. Jan. 1,1881 to ’9«
Jan. 1, 1903-4-5
do
do
6
J. & J.
3,380,000
1,000
&> J«
& J.
& J.
A J.
& J.
A J.
& J.
A J.
& J.
A J.
A J.
& J.
A J.
& J.
& J.
6 A 7
7
7
7
7
6
6
186,000
(being $712,390) of Erie county debt. Coupon
for registered. Population, 154,766 in 1880;
Cambridge, Mass.—The sinking funds amounted to
j.
7
2,608,000
Buffalo— In 1875 real and personal property was assessed at
$39,968,105; in 1876 rule of valuation changed and assessment was
$111,995,905. Since that date valuations have been:
Tax Rate
Years.
Real estate.
Personalty, per $1,000.
1877
$91,130,870
$8,844,705
$12 43
Buffalo also pays 7-10
bonds are exchangeable
J.
J.
7
100,000
200,000
331,500
3,625,000
2,133,000
490,000
500 &c.
J.
J.
4, 5, 7
1,170,000
150,000
100,000
136,000
450,000
600,000
580,000
J.
J.
J.
500,000
3,235,900
149,000
2,000,000
640,000
4,941,500
1,062,000
210,000
250,000
300,000
99,000
195,000
397,500
146,500
750,000
60,000
175,000
100,000
150,000
J.
7
6
6
1,603,150
100 Ac.
do
Water loan, coup
short
175,000
•
5, 6 & 7
231,400
Chelsea, Mass.—Funded debt, coup
Funded debt, coup
Street improvement bonds,
100,000
704,632
50,000
J
J.
,
Due.
Payable and by
Whom.
Payable
6 & 7
7
7
51,500
1879
1868
Bonds for erection of a Workhouse
1868
Bonds for Water Works
C2&C3
Bonds for Common School purposes
P 1860 to ’61
1855
Bonds to O. A M. RR. to purchase whf .prop. .N
Bonds for ext. and impr. Water W. .C, D. & E 1847 to’50
Bonds for funding floating debt
A2 1847 to ’48
Bonds for new Hospital
SAS2 1867-’68
1853
Bonds for funding floating debt
L
1853
Extension and improve. Water Works.. .K &F
1858
Bonds to purchase Orp’n Asyl. grds. for park.O
1869
Bonds for sewerage
R
1869
Bonds for improving Gilbert avenue
U
1869
Bonds to build Eggleston avenue sewer. ...B3
1871
Bonds for improvement
W
Bonds for Water Work purposes
C4AC5 1871-’72
1871
General improvement
W2
1872-’74
Cincinnati Southern RR
1874
do
do
1876
do
do
($3,142,000 are gold 6s)
1878
do
do
1874
Floating debt bonds, coupon
1875
Park improvement
1875
Water-works bonds
D1
Bonds for McLean Ave. sewer
U2
1876
Hospital bonds
7
7
Where
When
Rate.
$218,000
1866
$1,000
1867
1,000
1862 & ’67
1,000
1867*
1,000
Principal—When
Amount
outstanding.
par
J. & J.
J. & J.
J. & J.
J. A J.
J. & J.
M. A N.
Various,
M. & N.
J. A D.
Various
J. A J.
M. A N..
A. & O
M. & N
Various
J. A J.
Various
M. & 8.
M. & 8.
M. & 8.
A. A O.
M. & 8.
F. A A.
J. & D.
J. & J.
J. A J.
M. & N.
M. & N.
M. A N.
J. & J.
F. & A.
M. & N.
M. & N.
1909
1879 to 1883
1879 to 1895
Feb. 17, 1883
Aug. 1,1887-’95
1881 to ’98
July 1, ’82 to ’9a
1880 to ’95
1890 to ’95
N. Y„ Am. Ex. Nat. Bank.
do
July, 1895 & ’80
do
1881 to ’99
do
do
(D
New York (see remarks.)
1890
N. Y., Nat. Bk. of Com’ce.
May 1,1885-’92
N. Y., Metropolitan Bank.
1880 to’84
N. Y., Am. Exchange Bank.
do
Nov., 1885
do
do
June, 1888
do
1898 & 1889
do
do
do
Jan., 1890
do
*
do
Nov., 1890
do
do
April 1,1895
do
do
March, 1897
do
1897
do
do
do
Jan., 1900
do
do
June A Oct., 1900
do
■
Cincinnati.
Y., Am. Exch. Nat. Bk.
N.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York or
March, 1908
Sept., 1899
Sept., 1899
Oct., 1899
March 1,1886
Aug., 1886-’97
Dec.
1,1891
*
July 1, 1902
July 1, 1902
May 1, 1906
London.
N. Y., Am. Exch. Nat. B’k. Nov. 1, 1908-’09
do
May 15,1904
do
Jan. 1, 1890
do
do
do
Aug.,’85, ’90 A’95
do
do
May 1889-1909
do
May 1,1906
1880 to ’83
do
do
....
....
1878 to ’98
1883 to ’84
1890
funded debt, $4,248,000 is on account of the Water Works,
1878 yielded an income of $897,176.
Assessed Value.
*
Personal.
Real Estate.
Years.
,
which in
Tar
Rate.
$29 40
$38,061,170
24 08
36,815,718
131,222,460
27 40
32,317,615
116,082,533
28 60
27,561,383
104,420,053
The assessed value of real estate is about one-half of its true value,.
Population in 1870 was 306,605, and in 1880,503,298. The South Part,
West Chicago Park and Lincoln Park loans are not debts of the city*
but of distinct corporations.
(V. 28, p. 223; V. 31, p. 652.)
1875
1876
1877
1878
1
Cincinnati
$253,557,900
—
In addition to the issues
several smaller amounts, as
above named there remains
follows: $108,000 5s,
November, 1884;.
$56,000 (YY2, & O.) 6s, 1886-88; $17,000 6s (Q.), November, 1890;
$27,000 6s (A.), March, 1897; $50,000 (H2.), August, 1897. City hold*
Charleston, S. C.—The bonds of Charleston are mostly held within the $950,000 of Cincinnati Southern bonds in sinking funds. In 1870 the
State of South Carolina. Conversion bonds of 1879 are issued in population was 216,239, against 255,804 in 1880. The following table
from the books of the Auditor of Hamilton County, Ohio, exhibits the
exchange for city stock. Assessed valuations and tax rate have been:
Real
Personal
Rate of Tax assessed valuation of the city of Cincinnati in the year 1860, and from
'
Estate.
Years.
Property.
per $1,000. 1870 to 1879:
Real
Personal
Total
Tax per
$18,805,480
$9,000,990
$20 00 Years.'
Estate.
$1,000.
Estate.
Valuation.
7,922,155
22 50
18,669,623
1860
..$61,620,904
$31,411,912
$93,032,716
$17 45
18,313,450
8,108,706
22 50
17,137,255
—Population, 49,027 in 1890; 48,956 in 1870.
6,272,458
20-00
Chelsea, Mass.—Sinking fund, January 1, 1880, $123,304, and cross
debt, $1,661,800.
Tax valuation, 1879, $15,377,402; tax rate, $19 80.
Population, 21,780 in. 1880; 18,647 in 1870.
125,976,835
127,143,900
57,370,754
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
136,107,236
180,361,932
175,084,296
185,645,740
181,950,074
184,498,565
183,952,966
ml::::::::::129'™0
43’830,188
iE$25i8
78,736,482
123,427,888
119,621,856
121,479,280
123,231.790
31
22
20
23
22
22
27
Ho0
Chicago.—The net fr(fided debt January 1, 1879, was $13,057,000.
$321,000. Advances and warrants, 1879..
169,305,635
$2,210,401. The city debt is limited to 5 per cent of the Illinois State
valuation. A decision of the Illinois Supreme Court in Feb., 1878, held The city is the sole owner of the stock of the Cincinnati Southern
the certificates of debt issued prior to May, 1877, as a violation of this road, which is leased to a company formed to operate it. (y. 27, p.
*nd void. A subsequent decision held city scrip of 1878 valid. Of the 172, 251, 280, 677; V. 28, p. 624; V. 29, p. 17; V. 30, p. 465, 566.)
Old certificates of indebtedness,
60
20
lO
06
§£
2?
04
Rail'
*
SECURITIES
CITY
X
BoWcriberg will confer
a
\VOL XXXII
great favor by giving immediate notice of any error
discovered tn these Tables.
INTERE8T.
Date of
DESCRIPTION.
Size
bonds.
For explanations see notes on first page
of tables.
"Cleveland—Water works ($225,000 are 6 p. ct.). 1856 to '76
1868 to'79
Funded debt ($100,000 are G p. ct.)
outstanding.
$....
$1,275,000
1,534,000
315,000
275,000
355,000
184,000
493,500
830,300
1,066,300
128,000
1872 to'74
1874 to '79
1864 to'71
1868
Various.
Lake View Park
Canal and canal lock
School ($294,000 are 6 p. ct.)..
House of Correction
Main sewers, special assessment
Street improvem’ts
do
damages, &c., do
J 876-77-78
Infirmary and River dredging
Viaduct (mostly F. & A., A. & 0. and J. & D.) 1873 to '78
1870
Des Moines, Iowa—Bridge bonds
1875
Renewed judgment and loan fund
Street
1,000
1,000
1,000
1,000
1,000
credit
Elizabeth, N. J.—Improvement bonds
r
Funded debt bonds
School House bonds
Market House bonds
Consolidated improvement bonds
Funded assessment bonds...
1878
1855 to '76
1859 to '71
1872 to '76
1879
1871 to'74
1870 to'75
1872 to '73
1865 to'66
1875-’76
m
bonds
Evansville, Indiana.—E. H. & N. RR. bonds
City wharf bonds
m
m
E. C. &P. RR. bonds
do
do
Water works bonds
*
Redemption bonds
do
do
do
do
do
do
-
m
1,000
1,000
1,000
Large.
lOOO&c.
■
1872
1873
1871
Water loan
1875
do
Galveston, Texas- Bonds for various purposes... 1869 to'75
Fitchburg, Mass.—City notes
City bonds
Bonds to purchase
Galveston County
2
per
cent).
blk. 321
bonds, G. C. & S. F. RR
1,000
1,000
1,000
1,000
1,000
1,660
1,000
1,000
1877-8-9
1873
1876
1,660
Hartford, Conn.—Water bonds
1,000
Water bonds...:
100 &c.
do
do
do
'
m
1,000
....
Limited debt bonds (sinking fund
m
1,000
1,000
1,000
1,000
....
do
do
Water loan
do
do
m
1*600
1808
1869
1869
1869
1870
1876
1876
1877
1878
Fall River, Mass.—City notes
City bonds
1,000
1,000
1,000
1,000
1,000
m
Tax arrearage
*
..
City bonds (H. P. & F. RR )
Park bonds (4 of these bonds are for
Funded debt
Capitol bonds
$500 each)
*
1878-’79
Hartford town de.bts to railroads
do
do
war
do
funded debt
1871-’74
1874
1872
do
do
($60,000
Indianapolis— Bonds to railroads
are
J. & J.).
Bonds w Un. RR. Tr. Stock Yard (mortgage).
Loan bonds, series A
do
do
B
do
do
C
D
do
do
.
1873
1869 to '70
do
do
Morgan street dock
Funded debt bonds
Old Jersey City bonds, coupon
Hudson City bonds
Bergen school loan bonds
1,660
1,000
1,000
500
1877
1873
1,000
1874
1,000
1,000
1874
1875
1874
Purchase-money bonds—Southern Park.......
Jersey City—Water loan bonds, mostly coupon. 1852 to '67
1869 to'73
Water loan bonds, mostly coupon
1877
do
do
do
1873
Forty-year bonds
Improvement bonds
'
1,000
1,000
500
1,000
1,000
1,000
1,000
500 &c.
1871
1872 to'76
1,000
1870
1,000
1872
1,000
Various.
5, 6, & 7
10
7
7
7
7
6 & 7
4
7
7
130.000
300,000
1,000,000
1,250,000
have been:
Real
Personalty.
"The
l,000&c
500,000
860,400
162,550
150,000
Assessed valuation, tax rate, debt and sinking
Tax per
$1,000.
181&20
in 1880,116,027.
value of water works is $2,559,259, against a debt of $1,400,000.
water works bonds are issued on a pledge of the city credit, and
.$75,000 per year collected in taxes to pay mt. on them. Assessed valua¬
tion, in 1879-80—real property, $63,981,315; personal, $19,216,725;
total.
$83,198,040, against $87,86d,685 in ’78 and $93,709,375 in '77,
on the basis of true value.
Tax rate, $1*03 per $100.
which is made
Elizabeth, N. J.—Default
was
made in interest Feb. 1,1879, see V. 28,
?, 1880, Suitsstated at $5,400,000. Estimated true and floating debt Jan.
146. was on bonds are pending. Total bonded value of real and per,
property is $28,000,000. Population in 1880, 28,243 ; in 1870,
Assessed valuation, tax rate per $1,000 and debt have been:
Years.
Real Personalty. Tax Rate.
Debt.
1875.. .1\
$16,768,950
2*66
$4,876,000
1876
2*68
16,250,805
4,900,000
15,289,888
2*50
5,130,000
14,614,918
3*56
5,380,000
11,530,031
212
5,400,000
In 1879 no interest or sinking fund was raised.
(V. 28, p. 146, 599, 624,
641; V. 29, p. 120, 225, 277, 357, 563; V. 30, p. 589 ; V. 31, p. 122.)
Evansville, Ind.—No floating debt. Assessed valuation (true value),
tax rate per $1,000 and debt have been:
Years.
Real Estate.
Personalty.
Tax.
Debt.
$15,486,225
$6,113,205
$12 50
$1,555,000
14,566,955
5,086,315
11 40
1,551,000
12,381,475
4,926,250
15 00
1,551,000
•sonal
120,832.
•
•
•
•
1860 to'95
1880 to'94
1887 to '92
1894 to ’96-’98
1878 to '88
1883 & '84
1880 to'92
1880 to'84
1880 to'86
1880-’81-’82-’83
1893 Ac 1907
June, 1880
July, 1885
July, 1888
1879 to 1906
1879 to'91
Bk.
1892 to'94
1899
1879 to '81
1880 to '95
1881 to'93
1879 to '86
1885 to '96
Co.
,
•
m.'A*
*7*
7
7
7
7 3-10
7
7
6
6
7
5, 6,7
5 g.
6
6
6
6
7
6
6
6
10
8
8
10
6
6
6
6
5
6
6
6
6
4^2
6
6
6 & 7
6
6
7
6
6
7*3
7*3
7*3
7*3
7*3
6
7
7
7
7
6 & 7
7
7
Fall River,
Total debt,
do
do
Various
do
do
Various
do
do
Various
do
do
Various
do
do
A. & O.
do
do
Various
do
do
Various
do
do
Various
do
do
Various
do
do
Various
New York.
J. & D.
do
J. & J.
do
J. & J.
Various N. V., Metropolitan N.
do
do
Various
do
do
F. & A.
do
do
Various N. Y., Farmers’ L. & T.
do
do
Various
do
do
Various
do
do
Various
do
do
A. & O.
•
6
7
Detroit, Mich.—The population in 1870 was 79,601;
"The
•
622,000
1,869,000
2,161,500
125,000
-—Total Bonded Debt—*
Sinking
General.
Special.
Funds. Ac.
$71,296,122
$6,061,000 $2,993,164 $2,109,357
70,139,639
2,606,100
171720
6,678,000
1,816,690
70,548,104
15120
6,201,000
2,390,100
2,267,934
—Population, 155,946 in 1880; 92,829 in 1870.
Des Moines, Iowa.—Assessed value of property, $5,104,240, which is
£kbout 50 per cent of true value. Tax rate, $5 per $100.
Years.
•
7
Cleveland— The sewer, street improvements and street opening bonds
for special local improvements, and redeemed by assessments on the
property benefltted.
7
7
7
416,000
aare
Tunas
'
3,109,800
Various
1869
130,000
205,000
271,000
250,000
226,500
155,000
500,000
300,000
300,000
300,000
200,000
109,500
1,163,000
1,000
Various.
-
due.
payable and by
whom.
Various N.Y., Amer. Exch. Nat. Bk.
174,000
229,000
175,000
1,400,000
600,000
340,000
100,000
254,500
736,000
90,000
66,000
2,471,000
698,000
241,000
250,000
100,000
96,000
200,000
300,000
300,000
105,000
100,000
100,000
280,000
250,000
600,000
400,000
200,000
372,000
850,000
50,000
400,000
300,000
100,000
418,200
408,600
35,000
414,000
50,000
125,000
475,000
202,000
200,000
500,000
130,000
Holyoke, Ifas*.—City notes
City bonds, sinking fund
Water loan
Railroad loan
1,000
1,000
1,000
1,000
1,000
1,000
payable
6 & 7
6 <fe 7
7
7
6 <fc 7
7
6 & 7
6 & 7
6 & 7
6
Where
When
Rate.
2,135,000
19718879..78811
Funding bona fund
Detroit.Mich.—For Water W.Co., on city’s
Public Building stock (City Hall) bonds
Public sewer bonds ($40,000 are 6s)
Bonds for purchase Bello Isle
Principal—When
Amount
or
par
value.
May 1, 1898
&
&
&
&
A. &
M. &
J. &
May 1, 1899
Dec. 1, 1890
Dec. 1, 1895
July 1, 1895
April 1, 1906
May 15,1906
June 1, 1907
April 15,1908
n. N. Y., Farmers’ L. Ac Tr. Co.
do
do
N.
do
do
D.
do
do
D.
do
do
J.
do
do
O.
do
do
N.
do
do
D.
do
do
Various
City Treasury.
do
Various
F. & A.
Boston, Revere Bank.
M. & N. Boston, Bank Redemption,
do
do
M. & N.
do
do
M. & N.
do
do
F. & A.
M. & N.
City Treasury.
J. & J. Boston, Merchants’ Bank.
do
do
J. & J.
do
do
J. & J.
Galveston.
Various
do
M. & S.
do
M. & 8.
N. Y., Bk. of New York.
J. & J.
J. & D. Merchants’ Bank, Boston.
do
do
J. & J.
Phoenix Bank, Hartford.
J. & J.
F. & A.
City Treasury.
do
J. & J.
Suffolk Bank, Boston.
Ji & J.
Ft & A. Merchants’ Bank, Boston.
J. & J.
City Treasury.
do
J. & J.
Town Treasurer.
J. Ac J.
do
J. Ac J.
do
J. Ac J.
Various
City Treasury.
do
A. & O.
do
J. & J.
do
A. & O
Jan.
City Treasury.
N. Y., Winslow, L. Ac Co.
J. Ac J.
do
do
J. & J.
do
do
J. Ac J.
do
do
J. & J.
do
do
J. & J.
do
do
J. Ac J.
J. Ac J. N. Y., Merch. Ex. N. Bank.
do
do
Various
do
do
J. Ac J.
do
do
J. & J.
do
do
M. & N.
do
do
Various
do
do
J. & J.
do
do
M. Ac N.
do
do
Various
do
do
Various
do
do
J. Ac J.
M.
J.
J.
J.
.
m
m
m
m
•
1881 to 1888
1880 to 1891
Aug. 1,1894
May 1, 1895
Nov. 1,1879-1880
Nov. 1,1892-1906
Aug. 1,1899-1905
Nov. 20, 1882
July 1,1893
July 1,1891
July 1,1895-1906
1880 to '91
1907-1909
1893-1902
1906
June 1,1880
•
:
July 1, 1881
July 1,1890-’95
Aug. 1. 1900
Juno 1, 1904
June 1, 1891
Aug. 1,1882 &'84
Jan. 1, 1893
Jan. 1, 1897
$10,000 yearly.
1879 to 1886
Oct.
1,1889
Jan. 1,1900
Jan.AcApr.l, 1894
Jan. 1, 1889, to'9
Jan. 1, 1897
July 1, 1893
July 1, 1894
July 1, 1894
July 1, 1895
Jan. 1, 1899
Jan., 1879 to '95
1899 to 1913
July 1, 1907
July 1,1913
May, 1891
1892 to 1906
June 8, 1900
May 1,1897
1880-’90
’84-’85-’89Acl900
Jan., '98 to 1900
$281,000, Jan.1,1880.
Mass.—The sinking funds amounted to
including water debt, $3,186,000. Population, 48,626 in
1880; 26,766 in 1870.
Fitchburg, Mass.—Sinking fund, $101,000. Total net debt, January,
1880; $737,283. Population, 12,270 in 1880; 11,260 in 18T0, Valua¬
tion. tax rate per $1,000, &c.:
Years.
Real Estate. Pers’l Prop’ty.
$8,034,325
1878
7,197,125
1879
6,820,575
$2,633,994
2,373,872
2,208,818
—The assessed valuation of real
Galveston,
Tax.
15 80
16 20
17 80
Sink’g Fd.,&c.
$118,382
138,441
895,803
158,708
Debt.
$896,395
900,000
estate is about the cash value.
Texas.—Tho total city debt is $865,500, all of
which is
except $35,000 park 8s, due 1892-1902, and
Assessed value of real and personal property,
1878, $17,000,000. Tax rate, $1 25 on $100. (V. 25, p. 283.)
Hartford, Conn—Total debt, April, 1880, $3,032,000; net, after
deducting resources, $2,199,768. Assessed valuation in 1878, $44,001,245. Population, 42,569 in 1880; 37,180 in 1870.
(V. 28, p. 599.)
Holyoke, Mass.—Bonds all coupon, but can be registered. Sinking
funds, $45,500. Total net debt, January, 1880, $952,500. Tax valua¬
tion, 1877, $9,399,820. Population, 21,961 in 1880; 10,733 in 1870.
Indianapolis.—The School Board is a distinct organization and levies
its own tax, which is included in tax rates. There are a few other
bonds, in all about $50,000. Valuation and tax per $1,000 have been:
Tax.
Total.
Years,
Real Estate.
Personalty.
$60,456,200
$1400
1876..
$46,981,650
$13,474,550
55,367,245
11*20
43,541,600
11,825,645
50,029,975
10*80
39,156,400
10,873,575.
48,099,940
9*30
38,286,235
9,813,705
—Population, 75,077 in 1880; 48,244 in 1870.
Jersey City— One of the main causes of the temporary embarrassment
of Jersey City is found in the failure to collect back assessments. The
Comptroller, in Jan., 1880, made the following statement in his report:
10 per cent currency,
the limited debt bonds.
$2,268,145
3,044.132
$16,808,000; sinkihg
unpaid, $2,268,145. Population in.
Total taxes overdue Dec. 1,1879, less deductions
Total assessments due and unpaid
The total debt of the city January, 1880, was
funds, $1,069,565; taxes due ana
February,
CITY
1881.]
great favor by giving Immediate
Subscribers will confer a
For explanations see
Size
Date of
Bonds.
DESCRIPTION.
Jersey City—( Continued)—
Bergen street improvement bonds
do
bounty loan
Greenville street Improvement bonds, &c...
Assessment funding bonds
Revenue bonds, coupon or
registered
...
Two-year temporary loan
Bonds to fund floating debt, &c., coup, or reg.
or
par
1869
Various.
Various.
1875-’76
1876
1878
1879
Various
500 &c.
Rate.
7
$400,000
73,000
97,000
900,000
7
7
^
1,000
7
500,000
610,000
385,000
*6*
7
8
10
852,000
Bonds
.
1859 to ’64 5000&C.
1862 to ’75 5000&C
1874
1,000
1873-’75 500 &c,
Lawrence, Mass.—Funded debt
Funded debt
do
($25,000 each year).
City bonds ($50,000 each year)
do
($110,000 due 1885,
Lewiston & Auburn Railroad
Water bonds
$210,000 1891)
Louisville, Ay.—For Jeffersonville RR.
Subscription to stock of L. & N. RR
stock...
Waterworks,
do
improvement of streets
Re-constructing street
Public buildings and institutions
For
Public school and school houses
Sewer bonds
do
Elizabeth & P. Railroad
Wharf property
1852
1854
1857 to’67
1873
1866 to’67
1873
1871 to ’73
1853 to ’70
1868
1871
1868 & ’73
’54/62,3,8
Jail bords
For old liabilities
do
do
.
Louisville, New Albany & St. L. Air Line RR.
Change of gauge, Louisv., Cin. & Lex. RR
Roadbed
do
do
....
City bonds nay’ble by RRs. (mostly L.& Nash.)
Loan of 1880
Lowell, Mass.—City notes
Water notes
Water bonds
Lyrin, Mass— City notes
1868
1869
1870 to’74
1871
1871
1871 to’73
1851 to ’63
1880
1852 to’75
1871 to ’76
1870
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Large.
Large.
1,000
Large.
117,782
74,000
133,000
262,000
1,300,000
25,000
100,000
320,000
224,000
500,000
137,000
377,000
1,311,000
56,000
193,900
600,000
650,000
180,000
79,000
425,000
1,993,000
288,000
133,000
75,000
605,000
500,000
107,000
350,000
1,508,000
1,000,000
481,000
500,000
1,300,000
175,000
121.500
450,000
387.500
44,200
117.500
80,000
70,000
1870-’3-’5
Large.
1.000
1871-’4-’6
1862 to ’76 500 <fcc.
Water notes
Water bonds
Funded debt
1857 to’67
City Hall and School House
1,000
Manchester. N. If.—City bonds
City bonds ($70,000 1884, $10,000 1885)
do
Water bonds ($100,000 each year)
do
do
do
Sewer bonds ($8,000 1880, ’81, ’83,
1874
1872
1867 to’68
1867, ’8, ’9 500 &c.
1870
1,000
Post bonds
Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis & Little Rock RR
Compromise bonds, coupon
Milwaukee, Wis.— Re-adjustment bonds
General city bonds
1877
1861
1,000
1,000
1,000
10,000
1,000
1,000
Minneapolis, Minn—City bonds
City bonds
1,393,900
500
500
1880,116,673, against 85,000 in 1870.
$1,000 have been :
Real Estate.
Years.
$53,724,792
1875
1878
1,171,000
100 &C.
1,000
1875
March 9, 1875)
1849
Nashville, Tenn.—Nashville & Chatt. Railroad.
1870 to’80
Various city bonds
Newark— Bonds, city purposes (s. fund of 1859)
War bonds,.floating debt, &c. (8. fund of 1864)
900,000
328,289
242,000
100,000
429,000
1,000
500
500
fd. 3 p. o.).
Corporate bonds, coup, or reg. (act Apr. 21,:’76)
Sewer and improvement bonds (local liens). .
300,000
250,000
70,000
50,000
60,000
124.500
110,000
115,000
125,000
1,785,122
46,000
500
:
500
5io
6 & 7
6
6
6
6
6
6
5
6
6
6
7
6
7
7
6
6
7
7
6
6
6
7
7
7
7
6
1,000
73,000
1,000
1,000
1,000
1,000
1,000
1,840,000
500,000
400,000
1,250,000
2,500,000
Assessed valuations and tax
rate per
When
Whom.
J. & J. N. Y., Merch.Ex.
do
Various
J. & J.
do
do
Various
do
J. & D.
-
F. & A. N.
»
•
•
•
»
•'
Nat. B’k.
July, 1889
1884 & 1889
do
do
do
do
1881-1886
1905-1906
June 1,1886
June 17,1880
Y., Merch. Ex. Nat. B’k.
•
....
Feb.
1, 1909
1890 & ’97-1901
1880 to ’97
1886-’81
♦
1879-1884
Various
Boston, Tremont Bank.
1880 to 1892
do
do
Various
do
do
July 1,1894
J. & J.
let. 1, '90, to 190€
do
do
A. & O.
July 1.1882
J. & J. City Treasury and Boston,
do
J. & D.
do
J. & J.
do
1, '93-1913
J. & J.
do
9ct.l/97-1907-’17
A. & O.
April, 1882
A. & O. N. Y., Mercantile N. Bank.
April, 1883
do
do
A. & O.
1887, '89,91
Various
N. Y., Bank of America.
March 1,1883
do
do
M. & S.
1886/ 96, '97
Louisville.
Various
July 1, 1903
J. & J.
N. Y., Bank of America.
1891, '92 & 1903
N. Y., Bank of America.
Various
1883 to '89
Various New York and Louisville.
July, 1898
J. & J. Louisville, City Treasurer.
June, 1901
N. Y., Bank of America.
J. & D.
1888 & 1903
do
do
Various
1879 to 1898
Various Louisville and New York.
Oct. 1, 1898
do
*
do
A. & O.
1889
do
do
J. & D.
do
do
1880, '94 & 1901
Various
N. Y., Bank of America.
Sept.. 1891
M. & S.
Feb. 1,1880
do
do
F. & A.
do
do
J. & J.
ruly, 1901 & 1903
1881 to'93
Various New York and Louisville.
July
K
1879 to 1894
Various
City Treasury.
1886 to 1894
do
Various
Nov. 1,1890
M. & N. Boston, N. Bk. of Redemp.
6
1887 to 1890
Various
City Treasury.
6,7
1885 to 1890
do
Various
6,7
J. & J.
ily 1, ’91-’94-’96
Boston, Bank Republic.
6
1879 to 1896
5,5*3, 6 Various Treas’y & Bost. Bk. Repub.
1882 to 1896
do
do
Various
5,6
__n. 1,1880-1894
J. & J.
6
City Treasury.
do
A. & O.
6
April 1,1884-’85
Suffolk Bank, Boston.
M. & N.
May 1. 1893
6
do
do
J. & J.
6
J. & J.
6
City Treasury.
do
J. <fc J.
5
do
F. & A.
6
1873 to 1902
J. & J.
Memphis.
6
1873 to 1900
6,6^
,
M. & N.
7
6
5
7
7
7
7
8
8
8
10
8
7
8
7
6
6
6
6 & 7
6 & 7
7
7
5 & 6
7
Nov., 1900
Charleston, S. C.
J.
J. N. Y., H. Talmadge & Co.
D. Milw.and N.Y., Plock & Co.
do
do
J.
do
do
& D.
do
do
& J.
do
do
& J.
& D. New York, Nat. Park Bank.
do
F. & A.
do
do
do
M. & N.
do
do
Various
do
do
J. & J.
do
do
J. & J.
do
do
F. & A.
do
do
M. & N.
M. & N. Mobile. Mob. Savings Bank
Various N.Y., Metropolitan Nat. Bk.
Various New York and Nashville.
July. 1872
J.
J.
J.
J.
J.
J.
J.
J.
&
&
&
&
1907
June 1,1891
Jan. 1,1901
June 1,1896
Jan. 1,1902
Jan. 1,1902
Dec. 2, 1892
Feb. 2, 1894
,
Various
Various
A. & 0.
J. & J.
Various
M. & S.
Years. Real Estate.
1878..
1879..
Due.
Where Payable and by
Payable
5 to 7
341,000
60,000
500 &c.
1871
1876
1872
1872
1,300,000
1,000
1,000
1857
do
do
Water bonds, coupon
do
registered
Public school bonds
Clinton Hill bonds, coup. & reg. (s.
400,000
32,000
29,500
100 &c.
Suncook Valley Railroad
Memphis, Tenn.—School and paving bonds
do
Western division
do
do
do
do
Mobile— Funding bonds (act
200,000
100 &c.
100 &o.
1,000
’85)
m ^
400,000
Bonds
699778811
outstanding.
l.OOO&c
KansasVity, Mo—Bonds
Wfltcr loan
Lewiston, Me.—City bonds
Amount
notice of any error discovered in these Tables*
INTERE8T.
Principal—When
Value.
notes on first page of tables
zx
SECURITIES.
$9,657,690
9,777,744
May 1, 1905
1881 to 1885
1886 to 1900
Nov.
1875-77-79
1879 to'99
1879 to '93
1879 to '91
Newark, City Treasury.
do
do
do
do
j
Newark, Mech. Nat. Bank.
Newark, Mech. Nat. Bank.
Personal Prop. Tax Rate.
$6,254,544
7,705,706
$17 40
15 00
1, 1901
Nov., 1905
pril.1888, to’9:
July 1, 1895
Aug. 1. 1908
51879 to '93
Total Debt. Sink.Fds.&c
$984,729
973,007
$26*g?2
37,347
Tax Rate. —Population, 32,473 in 1880; 23,536 in 1870.
$6,315,155
$ 25 80
Memphis. Tenn.—The city has been in default for interest since Jan*
54,601,206
5,940,296
25 40
54,505,470
5,790,119
23 60 1,1873. The Legislature passed a bill, January, 1879, repealing the
54,993,918
5,340,860
28 00 city’s charter, to enable it to avoid its debts. A Receiver for the city was
appointed, but U. 8. Supreme Court held such action void. The compro¬
—(V. 28, p. 173, 199, 352, 454; V. 29, p. 120, 357; V. 32, p. 183.)
mise bonds were issued at 50 cents on the dollar. Assessed valuation of
real estate, 1875, $19,329,600; personal, about $6,500,000. Tax rate,
Lawrence. Mass.—Total debt, $1,790,700, of which $20,000 are 7 per
Cents. Sinking fund, $40,000. Tax valuation, 1879, $23,088,897; tax $2 per $100. Population in 1870, 40,230. (V. 28, p. 121,146, 224, 579,.
657; V. 31, p. 306, 328; V. 32, p. 70, 183.)
. ..
.
rate, $16 40. Population, 39,068 in 1880; 28,921 in 1870.
Milwaukee, Wis.—The city cannot issue debt beyond 5 per cent of It*
Lewiston, Me.—Total debt, $1,096,100; sinking fund, $90,410. The average assessed value for five years. In 1878 valuation was $55,255,711.
railroad bonds were issued to
which is owned by the cities of
Personal Prop.
build the Lewiston & Auburn Railroad,
those names. Assessed valuation, 1877,
Sinking funds are
provided for all the bonds. There
is also about
$47,000 scrip issued to settle old railroad bonds. Population, 115,70£
$11,740,602; tax rate, 20 mills on the $1. Population, 19,076 in 1880; in 1880; 71.440 in 1870. (V. 23, p. 622.)
13,600 in 1870.
Minneapolis, Minn.—Total debt, $1,101,000; tax valuation, 1879,
Louisville.—The funded debt, Jan. 1,1881, exclusive of loans payable about $24,000,000; tax rate, 14*85 mills; bonds all coupon. Population*
_
by railroads, was $8,812,000, against $8,072,000 Jan. 1,1880. The sink¬ 48,323 in 1880; 13,036 in 1870.
Mobile.—The valuation of property is about $13,000,000.
Inter¬
ing funds on Jan, 1,1880, amounted to $4,619,980. Population by cen¬
sus of 1870 was 100,750, against 126,556 in 1880.
The following est was in default from July, 1873. A settlement with bondholders was
figures give the assessed property valuation: 1874, $78,295,114; 1875, offered bv act of March 9,1875, viz.: $510 in 6 per cent bond for $1,000$75,536,812; 1876, $71,849,772; 1877, $68,522,947; 1878, $63,194,487; of the old 8 per cent. The 5 per cent bonds have a lien on city revenue,,
and exchange for these was offered at 75 per cent of their face. In
1879, $64,018,242; 1380, $66,208,000.
Lowell, Mass.—All the notes held by savings banks. Water loan sink¬ Feb., 1879, the Legislature repealed the charter of the city. In Oct.,
ing fund, $215,000; other sinking funds, $226,725. Population, 59,340 1880, bondholders in N. Y. offered to take new 25-year bonds, bearing 3
in 1880; 40,928 in 1870. Assessed valuations (about 80 per cent of per cent for 5 years, 4 per cent for 10 years, and 5per cent for 10 years.
Population, 29,166 in 1880; 32,034 in 1870. (V. 29, p. 278, 374;
true value), tax rate per $1,000, &c., have been:
p 328.)
y
Years.
Real estate.
P’sonal Prop. Tax Rate.
Debt.
S. fund, <fcc.
Nashville, Tenn.—At the close of the fiscal year, September 30,1879,
$27,072,779 $12,334,953 $14 30 $2,331,000 $147,951 there were $301,185 of past-due coupons, judgments, overdrafts, <fec.
27,112,747
12,951,379
13 70
2,311,000
184,296 Assessed valuation of all property in 1879 was $9,137,990 real property
27,440,570
13 40
12,164,430
2.281,500
240,000 and $1,858,584 personal; tax rate, $20 per $1,000. Population, 43,337
Lynn, Mass.—Total debt, January 1,1880, $2,147,487. Assets, $455,- in 1880; 25,865 in 1870.
,
_
A
633. Population, 38,376 in 1880; 28,233 in 1870.
Newark.—The bonds in the first line in the table are payable out of the
Manchester, N. H.—Total debt/ $929,000; assets, $83,367. Assessed sinking fund of 1859, which amounts to $114,900; those in second line;
valuations (about 70 per cent of true value), tax rate per $1,000, &c., out of sinking fund of 1864. $1,017,000; public school bonds out of
public school fund, $179,000; Clinton Hill bonds by sinking
-have been:
Y. 31,
.
fun®
CITY
m
Subscribers will confer a great fkvor
SECURITIES.
[VOL. XXXII.
by giving Immediate notice of any error
discovered In these Tables.
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanations see
notes on first page of tables.
Newark—( Continued)—
outstanding.
Rate.
$1,000
$3,030,000
7
1,000
6
1872-’74
1,000
1,000
1,000
450,000
888,000
55,000
223,000
108,000
100,000
400,000
200,000
499,000
60,000
160,000
150,000
4,304,250
1,000
77,000
10,000
1,000
1876
1,000
1867 to ’76
1,000
City improvement
War loan
Water bonds
"do
do
1871
1861
1867
New Haven, Conn—Sewerage
City Hall
Derby Railroad ($20,000 payable yearly)
1877
1852
New Orleans—Consolidated debt
1854-55
Railroad debt
1869
Waterworks loan of 1869
1869
Seven per cent funding loan of 1869
1870
Seven per cent funding loan of 1870
Jefferson City (debt assumed)
’57, ’67,’70
1870
Wharf impr. bonds (assumed by lessees)
1871
Street improvement bonds
1872
Consol, gold bonds (gen’l and drainage series)
1871
Ten per cent bonds, deficit and old claim
New premium bonds (in exchange)
N. O. Waterw’ks Co. new bds.(for $2,000,000)
1864 to ’75
Newton, Mass—City bonds and notes
1875
Water Joan ($600,000 6s, balance 5s)
1872
New York—Water stock
1846 to ’69
Croton water stock
1,000
1,000
1,000
City bonds (10-20 bonds)
18560879.781
m
New Croton
Aqueduct stock
Additional new Croton Aqueduct
Croton water main stock
Croton Reservoir bonds
Croton Aqueduct bonds
Cent. Park fund stook ($275,000 only due *98)
r
Improvement bonds
Central Park fund stock
Central Park improvement
Dock bonds
Market stock
fund stock
/..
City Cemetery stock
City improvem’t st’k (part red’mable after ’96)
do
do
Lunatic Asylum stock
Fire Department stock
Fire telegraph bonds
Tax relief bonds, coupon
1871 to ’79
1865 to ’74
1866 to ’70
1857 to’59
1879
1856
1858 to ’71
1870-’70
1865 & ’68
1869
1876
1870-’73
1869-’70
1869- ’70
N. Y.Bridge bds ($2,421,900 red.after July,’96)
.
Accumulated debt bonds
Street improvement bonds
8treet opening and improvement bonds
Ninth District Court-house bonds
Department of Parks improvement bonds....
Assessment bonds
City parks improvement fund stock
Normal school fund stock
Public school building fund stock
Additional Croton water stock
Bewer repair stock
-
1870-’73
1870
1869-’79
1869-’70
1874-’77
1871
1871
1874-’79
1874-’78
1871-’78
1871
1871
1871-V9
1872
r
1874
Consolidated stock
1876
do
20-50 (redeemable July ’96)
Museum of Art and Natural History stock.... 1873-’79
1874
Third District Court-house bonds
1877
Armories and drill-rooms
Central Park commission improvement bonds 1878 A ’79
1862 to ’68
County Court-house stock
1871
ao
do
No. 3
1872 9
do
do
No. 4 & 5
1864
Soldiers’ bounty fund bonds
1804
Soldiers’ subs, and relief red. bonds
1865
Soldiers’ bounty fund bonds, No. 3
1865
Soldiers’ bounty fund red. bonds, No. 2
1864 to’72
Riot damages indemnity bonds
1868 to ’72
Assessment fund stock
1873
do
do
1875
; do
* do
1870
Repairs to buildings stock
1871 to ’72
Consolidated stock, gold, coupon
1869 to ’70
Accumulated debt bonds
1870
N. Y. and Westchester Co. improvement bonds
1874
Consolidated stock
1874
For State sinking fund deficiency
^
m
m
85,500
66,000
20,550
172,000
298,850
m m
1,000
1,000
Various.
9,117,280
....
....
1865-6
1870 to ’79
m
l,000Ac
357.000
1,000
5 A 6
6 A 7
5 A 6
6
500,000
2,900,000
250,000
3,618,600 5, 6 A 7
5,181,000 5, 6 A 7
6
970,637
6
490,000
6
3,341,071
5
500,000
5
399,300
6
3,849,800
7,581,000 6g., 5,6,7
6 A 7
296,000
75,000
2,229,500
7,269,400
•
700,000
521,953
597,586
3,000,000
4,221,900
6,500,000
1,995,400
500,000
300,000
1,241,000
6,805,600
'
1879 A 1892
1909
1886-’87
1880 to 1889
1891 to 1910
1879 to 1884
1900 to 1904
1885 to 1909
1883 to 1909
Various Newark, Mech. Nat. Bank.
do
do
do
do
F. A A.
O.
O.
O.
O.
O.
O.
O.
J.
O.
J.
J.
J.
J.
Various
J. A J.
M. A 8.
J. A D.
Various
J. A D.
F. A A.
A.
A.
A.
A.
A.
A.
A.
J.
A.
A
A
A
A
A
A
A
A
A
A
A
Q—J.
A. A O.
7
5 A 6 g.
7
6 A 7
6
6
7
5 A 6
7
5 A 6
7
7
5
5
due.
whom;
payable
City Treasury.
do
Oct. 1,
City Treasury.
’91A1901
July 1, 1881
Oct. 1, ’79 to ’86
July 2,1887-’97
July 1. 1892
do
do
do
New Orleans.
1874-5
A 1894
Jan. 1, 1899
March 1, 1894
June 1, 1895
1887 to 1897
do
do
do
do
do
do
Dec., 1880 \
Aug. 1, 1911
July 1, 1922
do
New York or London.
New Orleans.
April 1, 1881
....
City Treasury.
1879 to 1895
Q.—F.
Q.—F.
o
Q.—F.
A
1883 A 1890
Aug. 1, 1884
Aug. 1,1900
5, 6A 6*2 Various
835,000
100 Ac.
100 &c.
100 Ac.
500 Ac.
500 Ac.
100 Ac.
100 Ac.
100 &c.
500
100 Ac.
100 Ac.
500 &c.
100 Ac.
100 &c.
500 Ac.
500 &c.
100 Ac.
100 Ac.
100 Ac.
500 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ao.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500
500 Ac.
500 Ac.
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ao.
100 Ac.
100 Ac.
Where payable and by
When
....
7
6
6
5
5
6
7
7
6
6
5
6
6
5
7
7
8
7-3
7-3
7 g.
10
5
109,700
591,050
428,950
....
s*
Principal—When
Amount
or
par
Value.
1879
1876-’77
1861-’74
1875
Aqueduct Board bonds
Bonds
Tax arrearage bonds
;
New Bedford, Mass.—C\ty bonds
For
Size
J. A J. Boston,
M. A N.
Comm’nwealth Bk. July 1, 1905-’06
•o
Nov. 1,1902
Nov. 1,1900-1906
1907 to 1917
1907 to 1911
1887 A 1898
1884
M. A N.
Q.—F.
Q.—F.
O*
p
w
4J
Q.—F.
O
CD zZ
M. A N.
Q.—F.
Q.—F.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
•3
July 1, 1898
1887 A 1895
a
Nov.1,1901 to ’ll
N.
w
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
1894 A 1897
1888
at
PX3
’89,’92,’96 A1926
p, o
1889 A 1892
01 ®
1$89
M-g
■
©
1899
1884
1890
.
ss
1905.1926A 1928
1884 to’88
o ®
H
<o
O
®
1882,A 1888
1881 to’82
1890
CJ
Nov.1,1881 to ’84
Nov. 1,1881 to’84
A N.
A N.
A N.
5,661,000 5,6,7A6g
A N.
6
200,000
A N.
6
636,000
A N.
1,615,000 5, 6 A 7
A N.
6
265,000
Various
6 A 7
8,779.700
M. A N.
5 A 6
2,102,260
M. A N
5 A 6
956,000
M. A N.
5 A 6
398,000
M. A N.
5
43,563
M. A N
5
333,000
M. A N.
6
1,360,000
M. A N.
7
600,000
M. A N.
5 A 6
643,600
M. A N.
6
4,000,000
M. A N.
6
446,700
M. A N.
7
745,800
M. A N.
7
376,600
M. A N
6
855,204
M. A N.
6
1,719,400
M. A N.
6 A 7
493,200
M. A N.
6
900,450
M. A N.
6
100,000
6 g. Various
14,702,000
M. A N
7
6,000,000
M. A N.
6
30,000
J. A D.
7
1,680,200
7 " M. A N.
2,339,696
1901-1904
®
Nov. 1,1891
Nov. 1, 1891
Nov. 1, 1891
2
otl
Nov.l, 1882 A ’85
1894 to ’96
May,’97,1916-’2
a
1903
Nov. 1,1890
1881
Nov.l. 1884
1881 to’92
1884 to’88
1894 to ’98
s
g*
all
ai
1883 to ’90
1881
1895 to ’97
*2
©
1891
1882
2
1887
1903
1910
1884 to ’88
1896 to 1901
1884 to ’88
1891
1896
1881 to’80
■s
+3
§
1
a
of April and the 1st of October. Population in 1870, 191,418; in 1880,
arrearage, $275,000; against local improvement bonds
Y. 30, p. 466,494,
holds $2,039,724 of assessments unpaid and a lien on the prop- 216,359. (Y. 27, p. 148, 228, 629; V. 28, p. 18, 352 ;
651, V. 31, p. 606.)
city. Real and personal property have been assessed at near the true
Newton, Mass.-^Total debt, January 1,1880, $1,282,778; sinking fund,
value as follows: 1876, $97,116,004; tax rate, $19 per 1,000; 1878,
$86,257,175; tax, $19 80; 1879 .$78,658,918; tax, $20 60. Population $70,408. Tax valuation, 1879, $23,787,352; rate, $13 40 per $1,000.
Population, 16,994 in 1880; 12,825 in 1870.
In 1870,105,059, against 136,983 in 1880. (V. 28, p. 253.)
New York City—The total debt of New York, January 1,1880, was
New Bedford, Mass— Population, 27,268 in 1880; 21,320 in 1870.
$142,447,400; the amount of sinking funds, $33,021,985. The follow¬
Assessed valuations (true value), rate of tax, Ac., have been:
ing statement shows the details of funded debt and the amount in the
Personal
Rate of Tax Total Debt,
Trust
city sinking fund at the dates named:
Years.
Real Estate.
Property, per $1,000.
Bonds.
Funds.
Description.
Jan. 1,1881.
Jan. 1,1879.
Jan. 1,1880.
$18 60
$1,178,000 $102,600 Funded debt
$12,609,200 $13,524,097
$126,128,815
$123,145,333
$123,176,919
13,137,011
16 00
1,148,000
103,100
12,808,700
32,993,024
32,143,787
33,021,985
12,874,418
16 40
104,100 Sinking fund
1,123,000
12,898,300
$53,206; tax
the city
New Haven, Conn.—Sinking fund on City Hall loan, $57,740; munici¬
pal bond fund, $18,277. The city made a special loan of $75,000 to the
New Haven & Derby Railroad, and guaranteed $225,000 of ijts second
mortgage bonds. Population, 1870, o0,840; in 1880, 62,861. .Assessed
valuations (about 80 per cent of true value), tax rate, Ac., have been;
Personal
Years. Real Estate.
1876.. $35,178,404
$13,041,104
35,509,639
12,678,617
1877..
Property.
Rate of Tax
per
10
$1,000.
9\
mills.
“
Total
Debt.
Sinking
Funds, Ac.
$965,513
$57,904
950,137
894,000
874,000
147,418
9
142,196
1878..
11,606,420
33,426,943
9
Not yet ascertained.
1879..
156,450
New Orleans—A. decision of Louisiana Supreme Court, Dec., 1878, held
invalid the special tax provisions for consolidated bonds. The assessed
valuation of property for 1878 was $111,123,695, real and personal. State
tax, 14*3 mills; city tax, 15 mills; total tax, 29*a. A scheme for settling
the debt by a bond premium drawing plan is in practice, and drawings
take place January 31, April 15, July 31, and Ootober 15. An act
Legislature April, 1880, provided that the entire adjust¬
city debt should be committed to a board of liquidation, to
at once be transferred all the assets of the city not used for
government, and these assets are to be used first for the
payment of interest, and, should any excess remain, for the extinguish¬
ment of the bonded debt. The act further provides that bondholders
who choose oan fund their bonds in new bonds at fifty cents on the dol¬
lar, and 4 per cent interest per annum, payable semi-annually on tho 1st
before the
ment of the
which shall
purposes of
$90,123,348
$90,183,895
5,952,075
13,262,100
6,039,966
$113,418,603
$109,425,414
$106,066,240
$93,985,028
Net debt.
Assessment bonds
Revenue bonds
Total'
13,481,500
10.358,100
5,524,244
population of New York, by the United States census, in 1870 was
922,531, and 1,209,561 in 1880. Sinoe Jan. 1,1861, the valuation, rata
of taxation, and net funded debt at end of year, have been as follows:
The
Rate Tax p.
Years.
1861
Real
Estate.
$406,955,665
Personal
Estate.
$174,624,306
1874t
427,360,884
181,423,471
742,103,075
769,302,250
797,148,665
836,693,380
1865
305,285,374
306,947,233
306,949,422
292,597,643
881,547,995
883,643,545
.892,428,165
272,481,181
895,963,933
900,855,700
918,134,380
*
Less
942,571,600
sinking funds.
217,300,154
218,626,178
206,028,160
197,532,075
175,934,955
201,194,037
$l,000-s
State.
City.
$3 62 $16 36
96
70
43
20
41
6 95
29
28
26
25
25
25
24
19
17
23
19
21
94
80
27
81
59
05
4Q—00
50
50
80
30
Annexed towns included
—-
Net Debt.*
$20,087,301
35,973,597
73,373,552
88,369,386
95,582,153
106,363,471
114,979,970
116,773,721
119,811,310
117,741,050
113,418,603
109,425,414
February,
1880.]
Subscribers will confer a
For explanations see
Size or
notes on first page of tables,
annexed
Consolidated stock, gold
Consolidated stock
Bonds for bridge over.
|
1878
.
.
Harlem River
.
.
outstanding.
$
•
•
500
500
100
100
100
100
•
•
•
•
•
1870-’74
.
1872-’73
)
1871
1868
1877
Norwich, Conn.—City bonds.
City bonds
'68/78/80
.
6,900,000
2,800,000
1875
1878
55,000
915,671
336,700
415,800
500,000
125,000
1,000
1,000
1,000
1,000
1,000
160,000
300,000
164,000
50,000
125,000
135,000
33,000
369,000
417,000
100,000
90,000
.
Improvement bonds
Sewer bonds ($125,000 are M. AS.)...
War bounty bonds
Funding bonds, “A”
Renewal bonds,
.
.
.
“B”
.
Philadelphia—Bonds prior to consolidation
do
do
do
Bonds
do
500
500
500
500
500
1863-’65
100 Ac
1877
500
1877-’78
50 Ac.
50 Ac.
1855
50 Ac.
1855 to ’71
50 Ac.
1859 to'70
50 Ac.
1868 to’70
50 Ac.
1862 to 65
50 Ac.
1860 to’70
50 Ac.
25 Ac.
1879
1858-’73
1862-’71
1869-’79
1869-’79
.
Funded debt bonds
.,
for water works
for bridges
for park and Centennial
for war and bounty purposes,
s
.
.
.
.
municipal, school, sewer, Ac..
.
loans
Four per cent loan (“A” to “ Y”)
Peoria Ills.—School loan
Water loan ($50,000 each year)
Guaranteed debt, gas
....
•
•
~
•
Water loan
.
.
do
•
....
.
Funded debt and other
.
9
Railroad.
....
.
do
Public
.
.
.
.
.
.
.
Si
1867 to ’69
1872
1872
1859-79
1867
1855
1863
1872
1874
1876
Recruiting and bounty bonds
Water loan bonds, gold, coupon....
registered,
do
do
....
1,000
500 Ac.
.
Building loan bonds.
do
do
do
1875
1879
1879
1872
loan of 1879
improvement loan, registered
1877
1879
1877 A ’79
Brook Street District certificates
do
do
do
coupon..,
New High School Building certificates
....
1,614,600
1,000
325,000
600,000
300,000
2,347,000
1,653,000
1,500,000
1,997.250
600,000
450,000
500,000
700,000
280,000
135,000
lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc.
lOOOAc.
£100
lOOOAc.
Large.
1,000
1,000
1,000
_
($216,000 are coup.)...
New fives
and registered.
Funding loan
Rockland, Me.—City bonds
Railroad loan ($20,000 payable yearly)..
....
....
....
Water works loan, coupon
....
.
m
3,263,545
1,214,700
.
(?)
....
....
Rochester, N.Y.—To Genesee Valley Railroad ..
To Roch. & State L. and R. N. A P. Railroads.
For various city improvements
lOOOAc.
Various
lOOOAc.
100 Ac.
100 Ac.
1869
100 Ac.
1871
100 Ac.
1872
500
1860 to'69
500
1869
1858 to ’69 100 Ac.
500
1871
5 Ac.
1879
1846 to ’71 Various
«
do
Bonds to Missouri Valley Railroad
Bonds for various purposes
1856 to '58
1868
1,000
1855 to '69
1,000
1852 to '68 Various
1,000
1867 to '70
(gold)
Sewer bonds
Harbor and wharf
bonds
Mew water work bonds (gold)
do
do
do
22,1879, amounted to
the amount of taxation
1879 is about $4,000,000.
1,000
187-9
Uncollected taxes on real estate, Nov. 30,1879, amounted
Uncollected assessments Nov. 1 1879, amounted to
Total
The reduction between
3,182,000
410,000
192,650
•
•
Bridge bonds
New compromise bonds (60 per cent)
ft. Louis— Renewal and floating debt bonds.
Various
Real estate, buildings and general purposes.. 1840 to '68
1855 to ’57 Various
Street improvement oonds
Various
Personal taxes uncollected Dec.
160,000
750,000
938,686
1,000
1875
do
Water work bonds (old)
Tower Grove Park bonds
787,000
700,000
450,000
1,350,000
500 Ac.
...
Bonds, reg. and coup.
4,482,425
1,641,000
2,179,469
5,127,700
1,405,000
....
’68/69/70
RE,
do
do
Portland & Ogden sburg.
do
do
....
1868 to '74
1845 to’72
1863
1871 to’73
1879
municipal bonds.
Portland, Me.—Loan to Atl. & St. Lawrence
Loan to Portland & Rochester Railroad,
.
.
,
Peoria A Rock Island
400,000
150,000
205,000
431,500
150,000
299,400
500,000
(?)
1,922,000
1,148,000
70,000
336,000
346,000
885,000
806,000
3,950,000
1,250,000
$11,475,380
9,437,891
to 13,744,883
$34,658,155
of the years 1874 and
There was, however, no
substantial reduc¬
Government, as the reduc¬
in tax levy. (V. 31, p. 45,
tion in the expense of administering the City
tion in State taxes is about equal to reduction
281,445.)
Norfolk, Fa.—The assessed valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty. Tax Rate.
$8,576,130
$1,639,866
$19
8,703,895
1,480,763
19
19
1,497,130
Conn.—The assessed valuations, tax rate, Ac., have been:
Real
Personal Rate of Tax Total
Sinking
Estate.
Property, per $1,000. Debt. Funds, Ac.
8,775,416
Norwich,
,
Years.
$7,735,158
8,184,815
7,794,678
7,435,418
$3,725,846
3,273,074
$11
8
3,057,099
9
3,039,564
7
$765,664
763,277
771,863
777,312
1908-1928
$
3,535
9,191
1910
| See preceding page.
J.
J.
J.
J. & J.
J. & J.
Various N. Y., Amer.
M. & N.
J. & D.
A. A O.
7
6 & 7
4 & 5
*
Various
J. A J.
Various
7
l
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J.
195,000
205,000 7,6g.A7g Various
M. & 8.
10
42,000
J. A J.
7
100,000
.....
m
6
6
6
6
6
6
4
7
10
7
74,500
50,000
....
j
Due.
Whom.
& N.
& N.
&
&
&
A
Principal—Whem
Nov., 1891.
& N.
1880 to’85
& J. Norfolk, Treasurer’s Office'
1890-’94-’99
do
do
& S.
do
do
Apl.,’92: July, ’93
& O.
May, 1901
& N. New York, Park N. Bank.
Oct. 1, 1893
& O. Thames N.Bk; Bost.,Bk.Rep
Norwich,
April 1. 1907
& O.
1898,1908 A1910
do
5, 6 & 7 Various
Jan. 1, 1905
do
J. & J.
7
do
April 1, 1908
A. & O.
5
Dec., 1879-1904
J. & D.
7
City Hall, by Treasurer,
Dec., 1879-1900
do
do
J. & D.
7
Deo., 1879-1886
do
do
& D.
7
1882-1902
do
do
& D.
7
Dec., 1879-1900
do
do
A D.
7
June, 1887
do
do
& D.
6
1901-1904
do
do
Various
6
1879 to’85
J. & J. Phila., Far. A Mech. N. B’k
5 & 6
do
do
J. & J.
6
5
6
6 & 8
8
8
7
5
9,199,760
....
•
5,753,391
1,725,000
6,500,000
4,853,500
8,701,600
11,650,000
15,709,750
5,999,400
M.
M.
M.
J.
M.
A.
M.
A.
A.
J.
J.
5 g.
In these Tables.'
Payable and by
Pay’ble
4
69175978187811876-9.0
Court House
Sinning fund bonds
Pater son, N. J.—School bonds
Where
When
Rate.
$953,500
-
500 Ac.
.
•
Norfolk, Fa.—Registered stock
Coupon bonds ($20,000 6s are J. A J.)...
Amount
par
Value.
Date of
3.
New York—( Continued)—
Debt of Westchester towns
Immediate notice of any error discovered
INTEREST.
great favor by giving
DESCRIPTION.
Xlll
SECURITIES.
CITY
1879 to 1905
M.
J.
J.
M.
6
6
6
A
A
A
A
May 15,1881
June 1,1888
1889-1891
N. Y., Mercantile Nat. Bk. Mch.1,1882 A ’83
New York.
July 1, 1888
1893 to '98
Pittsburg, Treasurer.
1879 to 1912
Pittsburg, Phila. A N. Y.
1913
New York. B’k of America.
1883 to'95
Philadelphia.
do
do
do
N. Boston, Blackstone N.
do
do
J.
do
do
J.
do
do
S.
5 A6
6
6
5
A
A
A
A
A
A
A
Boston and
do
m’ntlily
4*2
J.
M.
J.
J.
J.
J.
J.
J.
5
7
5
J. A J.
M. A S.
5 A0g.
5 & 6 g.
5 «•
5 g-
4^2
4Uj
6
8
"7
A D.
6 A7
Various
J. A J.
S*•
6
6 g.
6g.
June
1,1899
Treasury.
Boston and Providence.
do
do
Sept. 1,1880-’84
May 1. 1885-’86
^1892
1880-’89
J.A J., 1880-1912
'
-
Richmond, Treasurer,
do
1886A1904-1909
do
N. Bk.
N. Y., Union Trust Co.
New York and Rochester.
N. Y., Union Trust Co.
do
do
4, 5 & 6 Semi-an
6 & 7
7
10 & 6
10
4 & 5
6
6
6
6
Sept., 1885
Jan., 1893
Jan., 1900
Jan., 1900
July 1,1906
July 1,1895
July 1, 1899
A J. N. Y., Metropolitan
F. A A.
6
6
6
1879 to ’95
June 1,1887
Portland,
do
do
Various
J. A J.
J. A J.
7
7
B’k. Nov.,1886/87,'88
July, 1887
July 1, 1897
Sept. 1,1907J
Providence,
S
do
J.
J. Boston, Prov. and London.
J. N. Y., N. City Bank, A Prov.
do
do
J.
J. London, Morton, Rose A Co
Providence,
D.
M. A N.
J.
1883 to 1905
1880 to 1904
1879 to 1890
Exch. Nat. Bk.
do
do
do
‘
6*
1879 to 1903
City Treasury.
J. A J. Bost., Hide A Leather Bk.
F A A. Bath, Me., First Nat. Bank.
Rockland, Treasurer.
M. A 8.
Various N. Y., Nat. B’k Commerce,
do
do
M. A N.
Various St. Joseph and New York.
J. A J. N. Y., Nat. B’k Commerce.
April. St. Joseph, City Treasury.
Various N. Y., Nat. Bank Republic
do
do
Various
do
do
Various
do
do
Various
1881 to 1903
1880 to 190*
Jan. 1,1903
1905
1880 to 1897
1880 to 1899
1891
1892
1880 to’89
Nov., 1889
1878 to'89
1891
1899
1880 to'91
1880 to 1906
1882 A '87
1880 to '83
Aug., 1898
do
do
F. A A.
1880 to’89
do
do
Various
1880 to'88
do
do
Various
J. A D. New York and St Louis. June, 1887,to 90
April 1,1892
A. A O. N. Y., Nat. B’k Commerce.
Real Estate.
Years.
Personalty.
Tax Rate.
$565,849,095
$9,434,873
$2150
/.... 585,408,705
10,004,673
21 50
/
593,313,532
9,755,000
22 50
1878...:..../
577,548,328
9,439,769
21 50
526,539,972
8,069,892
20 50
/.
529,169,382
7,498,452
20 00
535,805,744
7,863,385
Assessed valuations of real estate for 1881 are: Full city property,
$488,645,902; suburban property, $35,916,452; farm property, $19,106,775. A tax rate of 1-95 on full city property is recommended for
1881. Population, 1870, 674,022, against 847,542 in 1880. (V. 27, p.
/...
r.
629; V. 29, p. 435.)
Peoria, Hi.—Total debt, $686,500; tax valuation,
Population, 31,780 in 1880; 22,849 in 1870.
1876, $14,574,105.
1879: Real property, $92,954,390;
Sinking funds, $473,27*. Tax rate, 1879,
17*6 mills per $1. Population, 153,883 in 1880; 86.076 in 1870. in¬
terest defaulted April, 1877. (V. 27, p. 68, 643; V. 28, p. 43, 302; V.
Pittsburg.—Assessed valuation in
personal, only $2,612,268.
29, p. 383; V.
31, p. 123.)
fund and available assets March 31,1880,
in 1870.
were $335,594.
The city is protected by mortgages on Atlantic A St.
Paterson, N. J.—Finances are apparently in a sound condition. Back Lawrence, Portland A Rochester, and Portland A Ogdensburg railroads.
taxes due (including 1878) were $667,786 January 1,1879. The assessed Population in 1879, 35,010, against 31,413 in 1870, and 26,341 in 1860.
valuations, tax rate per $1,000, Ac., have been:
-Population in 1880, 33,835; 1870, 31,413. The assessed valuations,
Years.
Real Estate.
Personalty. Tax Rate.
Debt.
tax rate, Ac., have been:
*
...
Real
Personal Rate of Tax Total
Sinking
$17,835,114
$3,629,492
2i5
$1,199,000
15,850,857
3,255,659
2*4
1,286,500 Years.
Estate.
Property, per $1,000.
Debt. Funds, Ac.*
2*4
15,923,108
3,246,501
1,275,000
$18,708,500 $11,951,$55 $2500 $6,050,200 $664,999
1,259,500
19,067,200
11,825,645
25 00
5,507,900 377,061
19,212,800
11,458,354
25 50
5,316,600 360,815
—Population, 50,950 in 1880; 33,579 in 1870.
10,359,128
25 00
19,825,800
5,235,600 225,710
Philadelphia.—The total funded debt, January 1,1881. was $69,43!,These do not include the sinking funds for railroad loans.
064; floating debt, $601,365; on January 1,1830, the debt was $70,970,004; floating debt, $1,294,554.
Total assets Jan. 1,1881, including
Providence, R. J.—The principal debt of Providence has been created
sinking fund, railroad stooks held, and $2,942,263 of taxes “ due and since 1872 for water works, sewerage, new City Hall and Brook Street
collectible.” and $2,805,754 cash, were $26,819,446.
In the follow¬ Improvement. The sinking fund for bonds due in 1885, $553,171;
ing table the assessed value of real estate is near its oash value:
—Population, 21,145 in 1880; 16,653
Portland, Me.—The sinking
*
SECURITIES
CITY
XIV
Subscribers will confer
great favor by giving Immediate notice of any error discovered in tbese Tables.
a
Date of
Bonds.
DESCRIPTION.
For explanations see notes on first page
Size
or
1880
1,000
Bridge approach honds (gold)
fit. Louis County bonds assumed—
Bonds to railroads, coupon
Insane Asylum
500
6 g.
g.
$681,000
1,074,000
707,000
2,747,000
565,000
1872
coupon...
Rate.
Value.
461,000
1871 to’73
1873
1875
Renewal bonds, gold, $ and &
INTEREST.
Amount
outstanding.
par
of tables.
St. Louis—(Continued.)—
Renewal and sewer bonds (gold)
Renewal purposes, gold or sterling
Renewal,\fcc.~, bonds, gold, $ and £
Renewal) <fcc.) bonds)gold,$and £,
$1,000
1,000
1,000
1874-’79
1,000
g gg g.
? g‘
5 g*
6
1187659.
18798769.78
1853 to ’55
1,000
1867
1,000
1868
1,000
1872
1,000
1873 to’76
1,000
1875
1,000
1875
1)000
Various. Various
Various. Various
Various
1868
500 &c.
1870
1,000
Jail
County
General purposes, gold
Renewal?
Park bonds, coupon, gold
Countv bonds...?....T.
SI. Paul, Minn.—Revenue bonds
Preferred bonds
8 per cent bonds
Lake
Superior & Mississippi Railroad
St. Paul & Chicago Railroad
Public Park (Como.)
Local improvement
1873
1873
1879
'Bonds...?
1,000
1,000
1,000
100 &c.
100 &c.
Salem, Mass.—City debt
Citydebt
1,000
Water Iohp
do
San Francisco— Bonds of 1858, coupon
r
*
Judgment bonds, coupon (gold)
Central Pacific Railroad,
Western Pacific
coupon
ao
Railroad,
(gold)..
(gold)
School bonds,
do
do
do
Judgment bonds, *
do
do
School bonds
School bonds
Park improvement
hnnds
bonds
House of Correction bonds
City Wall construction
Widening Dupont St. (Act March 4,1876)
Savannah, Ga.—New compromise bonds
1877
1,000
500 &c.
1858
1863 to’64 500 &c.
500 &c.
1864
500 &c.
1865
1866 to ’67 500 &c.
500 &c.
1867
1870 to ’72 500 &c.
500 &C.
1874
1872 to ’75 500 &c.
1871 to ’73 500 &c.
500 &c.
1874
1875 to ’76 500 &c.
1876
10’0*&C.
1879
are
6 per cents)
Railroad loan
$550,000 coupon).
do reg. ($200,000 J.&J., $300,000 A.&O.)
do
registered
„
Sewer loan ($92,000 are J.& D., balance J.&J.)
Water loan ($305,400 reg., $80,000 coup.) —
•
1880
&^7
7
8
6
6
7
7
6
Principal—When
ipi
Due.
Payable, and by
Wh(
iom.
Pay’ble
Various
New York or London,
do
M. & N.
do
M. & N.
do
do
J. & J.
do
' do
do
do
J. & J.
J. & D. N. Y., Nat. B’k Commerce.
& J. N. Y., Nat. Bk. Commerce,
do
& J.
do
& S.
do
do
do
& D.
do
do
& J.
do
A. & O.
do
do
M. & N.
do
do
M. & N. N. Y. xv.y/11 ii thuQ DIUVJ
M. & N.
do
do
do
do
Various
J. & D.
do
do
do
do
J. & B.
J.
J.
M.
J.
J.
•
J. & J.
A. & O.
*
do
do
do
1891 to ’94
Nov.
1,1893
May 1, 1895
1894 & 1899
Jan. 1, 1900
Dec.
10,1892
1880
July 1,1887
Sept. 1, 1888
June, 1892
1889 to 1896
April 1,1905
May 1,1895
1880 to’90
1883 to’86
1889, ’90, ’96
1888 & ’98
1900
do
do
do
-
1903
April 1, 1904
1898
City Treasury.
Boston, Merchants’ Bank,
1880 to 1889
6
5
6 g.
7 g,
do
do
do
do
San Francisco,
do
Apl. 1,1883-1898
7
J. & J.
do
250,000
197,000
7
7
M. & N.
A. & O.
do
do
246,000
7
July 1, 1894
Mayl, 1895
April 1,1881
Oct. 1, 1887
385,000
200,000
475,000
210,000
150,000
750,000
915,000
7
5*2 & 6
6
6
6
6 g.
el:
?g-
3,000,000
7
10,000
461,000
165,000
115,000
140,854
200,000
325,000
6^3
211,000
6
6 & 7
7
6*2
6
5*2
5
6*2
320,000 5*2,6,6^
4*2, 6
222,000
Large.
Large.
Large.
1,000
1,000
1,000
5, 6
Where
When
& J.
& J.
A. & O.
J. & J.
J. & J.
A. & O.
lOOO&c.
....
g g-
300,000
500,000
398.500
542,000
435.500
377,000
Large.
’70.’71,’76
Toledo, 0.—General fund city bonds, coup
1870
Toledo & Woodville Railroad, coupon
1873 & ’74
Water works
1875-’78
Short bonds, chargeable on special assessm’ts
Worcester, Mass.—City debt, coup, and regist’d.
City debt, ($250,000 reg.,
115,000
108,000
Various.
$155,000 J.&J.)
7 & 6 g.
7
7
6 g.
7 & 6 g.
100,000
Large.
Springfield, Mass.—City notes
‘City" bonds
($0rt0,000
707,425
48,710
263,125
200,000
100,000
100,000
Various.
,1
do
do
do
do
Park &wat’r ($170,000A.*0.;
Water loan
WatAr loan
950,000
100,000
500,000
600,000
850,000
1,900,000
500,000
Large.
Mass.—City debt
City debt
[Vol. XXXII.
1,200,000
280,000
1,310,000
6, 7 & 8
447,000
1,000,000
Large.
500 &c.
500 &c.
500 &c.
Various.
500 &c.
640,300
45,000
800,000
500,000
500,000
7
5
311,900
5
5
385,400
73
8
& 8
& 6
6
5
4
& 6
&6
J.
J.
A. & 0.
& D.
& J.
& J.
& N.
J. & J.
July 1,1904
Jan. 1, 1888
Oct.
do
do
do
J.
J
J.
M.
June
1,1882 to ’90
1897 & 1904
July 1,1894
.
1899
1896
do
'& ’ J.
A. & O.
J. & J.
Various
do
"do
do
do
do
do
do
1, 1891
Nov.
do
.do
New York and Savannah.
Q-F.
A. & O. Boston, Nat. Security Bank
J.
1, 1883
July 1, 1894
do
do
,
Jan. 1, 1891
do
do
do
Feb. 1, 1909
April 1, 1879
April, 1879 to ’84
July 1,1880 to’84
Oct.’81-’4,July,’85
July, ’84, Apl., ’95
do
Various
do
Various
Apl., ’95, July, ’96
1881 to 1884
do
Various
- do
1880 to 1906
Various
1879 to 1884
Various
City Treasury.
1880-1889
Various Boston, First National B’k.
do
do
A. & O.
Apl. 1,’94, to 1905
do
do
A. & O.
Apl. 1, 1879-1893
1880 to ’94
Various N. Y., Imp. & Trad. N. Bk.
do
do
May, 1900
M. & N.
June.’93& Sep.,’94
do
do
Various
1879 to ’81
do
do
Various
1881-1884
J. & D.
City Treasury.
1
A. & O. C.Treas.&Bost. Mchts.’ Bk.
April 1, 1892
1887-89 & 1905
do
do
Various
do
do
A. & O.
April 1, 1905
1880 tol899
do
do
Various
1880 to 1906
do
do
Various
^
1895, $181,021: 1900-6, $108,458.
Population, 1870, 68,901; 1880, 104,760. The laws of Rhode Island
now limit the debts of towns to 3 per cent of their assessed valuation.
Assessed valuations (true value), tax rate, Ac., have been:
sinking funds of 1893, $206,070;
Real
Personal
Tax per
Estate.
Property.
$1,000.
Total
Debt.
Assets in Sink.
St. rani, Minn.—Population in 1870 was 20,030; in
Assessed valuations of taxable property and tax rate have
Personal
Rate of Tax
Total
Years.
Real Estate.
per $1,000.
Debt.
Property.
$20,836,710
$6,919,216
22 mills.
1880, 41,619.
been:
$1,323,812
Sinking
Funds, &c.
$616,292
551,755
1,332.500
“
1,327,200
567,642
$84,981,000 $36,084,200 $14 50 $9,632,246 $1,123,442
“
1,356,444
616,000
85,789,800
32,085,000
14 50 10,294,446
1,195,253
656,000
“
1,519,310
86,341,100
30,699,400
14 50 10,590,550
1,292,697
per cent of true value.
86,816,100
28,765,600
14 00 10,475,550
1,237,008
State valuation, $168,547,726; city, $115,581,200. (V. 28, p. 578.)
Salem, Mass.—The sinking fund amounts to about $200,000. Popula¬
Rochester.—Total debt, $5,966,410.
The bonds of Genesee Valley tion, 27,327 in 18S0; 24,117 in 1870. Tax valuation, 1879, $22,978,677.
Railroad loan, $168,000, are provided for by net receipts from a lease of
San Francisco.—Population. 233,066 in 1880; 149,482, in 1870. Real
said road to Erie Railway. Assessed valuation (60 per cent of true estate for the fiscal year ending June 30, 1880, was assessed at $164,value), rate of tax, &c., have been:
939,604. About $37,000,000 of mortgages are now omitted from assess¬
Rate of tax
ment. Sinking funds raised annually amount to $263,500. Tax rate in
Total
Personal
Real
per $1,000
1879, $1 37 per $100; in 1880, $1 57 per $100, for city and county pur¬
Debt.
in old Wards.
Estate.
Years.
Property.
poses. (V.28, p. 165.)
18*75
$5,594,686
$1,958,900
1876.... $53,661,475
Savannah, Go.—Default was made on interest Nov. 1,1876, in conse¬
20*21
5.549.186
1877....
2,003,800
48,196,975
19*64
5,471,686 quence of yellow fever and non-collection of taxes. The compromise,
1,706,300
1878....
42,658,350
as reported in V. 26, p. 625, gave new 5 per cent bonds for the face of old
21*79533
5.446.186
1,584,940
1879....
37,717,175
bonds; and for interest up to Feb. 1,1879, 58 per cent of the face value
—Population, 87,057 in 1880; 62,386 in 1870.
in similar bonds. Assessed value of real estate and tax rate each year
Richmond, Va.— Real estate assessed, 1880, $28,348,283; personal, have been as follows: In 1875, $13,932,012, $22 50; 1876, $14,256,540,
$7,471,488. Tax rate, $140. Population, 63,243 in 1880 ; 51,038 in
1870.
10,100,000, $25. Population in 1870, 28,235, against 30,747 in 1880.
Rockland, Me.—Valuation of real estate, 1879, $2,488,883; personal, —(V. 26, p. 18, 626; V. 27, p. 122, 173, 568; V. 28, p. 17.)
$1,069,436. Tax rate, $29 per $1,000. Population, 7,473 in 1880;
Somerville, Mass.—Totaldebt, January 1, 1880, $1,585,000; sinking
7,074 in 1870.
fund, $198,000. Except $140,000 5s in $1,000 pieces, all bonds are in
St. Joseph, Jfo.—Population in 1870 was 19,565.
Assessed valua¬ $2,000 to $50,000 pieces. Population, 24,964 in 1880; 14,635 in 1870.
tion of property, $11,000,000; rate of tax, *23 mills. A compromise
Springfield. Mass.—Total debt, January, 1880, $1,960,750. The rail¬
of the debt at 60 per cent of its face is in progress, in new 4 per cent road debt falls due
$20,000 each year. Population in 1880, 33,536
bonds, except for bridge bonds 5 per cent. (V. 23, p. 135, 175; V. 25, 1870, 26,703. Tax valuation and rates have been:
p. 408; V. 28, p. 477.)
Total
Personal Rate of Tax
Sinking
Funds.
St. Louis.—Population by the United States census in 1870 was Years.
Real Estate.
Property, per $1,000.
Debt.
310.864, against 333,577 in 1880. The city and county were merged
303,989
6,9o5,776
13 00
23,737,000
1,946,611
11 00
153,6331,953,716
6,637,845
22,746,330
by law in 1877 and city assumed the county bonds. The Comptroller
Years.
Funds. &c.
6.340,493
5,452,871
5,491,026
5,942.503
—Valuation of real estate is about 40
18,835.525
18,993,545
17,300,486
17,300,766
16
18
13
15
“
-
t22 50; 1877, $14,256,540, $15; 1878, $9,946,633, $25; 1879,
the following in his report to April, 1879: The liabilities appear as
(April 9,1880) is
$22,507,000. A claim of the St. Louis Gaslight Company for gas fur¬
nished. amounting in all to about $850,000, was decided against the city in
gives
follows; The bonded debt at the close of fiscal year
1880.
Assessed valuation of property andtax rate have been:
-Rate of tax per $1,000.Real Estate
and Personal
New
Limits.
Old
Limits.
Bonded
Debt.
Sinking
Property.
..6781
$162,465,410
$20 00
$19 00
...7781
179,708,760
173,086,330
5 00
5 00
17 50
17 50
$16,319,000
23,067,000
22,655,000
164,399,470
5 00
$718,588
716,802
590,095
547,181
Years.
...8781
...9781
22,596,000
Funds.
22,211,230
7,230,094
12 00
1,960,750
139,279*
Valuation of real estate is about 67 per cent of true value.
Toledo.—Total debt, January, 1879, was $3,531,296. Of this the debt
payable by special assessments was $640,300, and the certificates of
indebtedness, $103,147. Taxable valuation of real estate, 1878, $134,030,070; personal, $5,567,000. ’Tax rate, $3 28 per $100. Population,.
53,635 in 1880; 31,584 in 1870.
(V. 30, p. 356.)
Worcester, Mass.—Total debt, January 1, 1880, $2,542,300.
Assets,
$210,658, including $94,937 sinking fund. Population, 58,040 in 1880;
41,105 in 1870. Tax valuation, 1870; $34,018,450;' 1878, $39,572,158;
tax rate, 1*56.
RAILROAD
Febht^by, 188 l.J
Subscribers will confer a great favor
first page
Date
Size, or
Par
of
Road. Bonds
of tables.
Amount
Outstanding
Value.
6781
98
1st
Susquehanna—Stock
mortgage
Albany City loan (sinking fund, 1 per ct. yearly).
2d mortgage
Consol, mort. (guar. D. & H. endorsed on bonds)..
Allegheny Valley—Stock
General mortgage (Riv. Div.)
1st mort., East’n Exten., guar,
..
;
by Pa. RR
Funding income bonds, with traffic guarantee....
Alliance <6 Lake.Erie—1st mort., sinking fund, gold
Ashtabula & Pittsburg—1st mortgage, coup, or reg..
Atchison Col. <t Pacific—1st mort., guar
Atchison Topeka <6 Santa Fe—Stock
1st mortgage, gold..
Land grant mortgage, gold
95
•
•
•
•
296
177
142
142
142
142
259
132
110
110
259
30
62
234
1878
$1,000
....
1,000
1878
100
....
1863
1865
1865
1876
1,000
1,000
1,000
1,000
1866
1,000
100,000
50
1870
1871
1874
1878
1878
1879
1,000
100 Ac.
1,000
5781
....
867
100
500 Ac.
500 Ac.
....
1869
....
....
....
....
Land income bonds, 5 to 10 years
Bonds for stocks purchased, gold.
S. fund bds., $25,000 p. m. (secured
1878
by mort. bds.)
Wichita A Southwest., 1st M., gold, guar
_.
27*3
-
....
148
137
44
31
380
265*3
265*3
500 Ac.
1880
1880
65
City Top. A West. 1st mort., gold
do
do
income bonus
Pueblo & Ark. Valley, 1st mort., gold
do
do rist (A 2d on 148m.)gu., cp.A rg.
Pleasant Hill & De Soto, 1st M., gold
Florence El Dorado A W., 1st mortgage, gold
;New Mexico A So. Pacific—1st mortgage, gold
Atlanta & Charlotte.—New pref. mort
Mortgage bonds
1,000
1,000
1870
onstruction gold
gonsol. bonds,notes
Kans.
1,000
1,000
1872
1,000
1,000
1875
1878
1875
1878
1877
....
1,000
1,000
500
1877
1878
1,000
1877
1,000
1,000
....
1,000
.
Alabama Central— December 31, 1879, owned from Selma, Ala., to
Lauderdale, Miss., 96 miles; leased (M. A O.), 18 miles; total operated,
114 miles. Chartered as Alabama A Mississippi February 17,1850, and
road opened from Selma to York (81 miles) Aug. 10,1863.
Subsequent¬
ly name changed to Selma & Meridian, and June 21,1871. re-organized
Default January 1, 1872, and finances re-adjusted
as Alabama Central.
Road opened from
Nov., 1878. Capital stock,
in 1878.
York, Ala., to Lauderdale, Miss. (14 miles)
$2,000,000; first mortgage (on 95 miles) 6
per cent 40-year bonds, due July 1,1918, $1,000,000. Income mortgage
8 per cent (if earned) 40-year bonds, due July 1, 1918, $1,400,000;
total stock and bonds under re-adjustment, $4,400,000. Gross earnings
in 1879, $204,319, and expenses, $144,236; net traffic earnings, $60,083.
<V. 27, p. 40, 566.)
Alabama Great Southern— December 31,1879, owned from Wauhatcliie, Tenn.,. to Meridian, Miss., 290 miles; branch, Attala, Ala., to
Gadsden, 5 miles ; leased, Wauhatchie to Chattanooga, 6 miles; total
operated, 301 miles.
Northeast & Southwest Alabama chartered
December 12, 1853. Re-organized as Alabama & Chattanooga October
<5,1868, and was opened May 17, 1871. Default made Jan. 1,1871, and
road sold under foreclosure January 22, 1877.
Present company
organized November 30, 1877. New company assumed Receiver’s cer¬
tificates and issued new bonds for $1,750,000. The lands were conveyed
in full settlement to the holders of the $2,000,000 of Ala State bonds.
These lands (about 550,000 acres) are held by trustees.
(V. 30, p. 117.)
The road and equipment have been thoroughly renewed. Capital stock—
Common, $7,830,000, and preferred 6 per cent, $783,000; funded debt,
$1,750,000, and Receiver’s certificates, not exceeding $1,200,000;
as
per
BONDS
xv
by giving Immediate notice of any error
Miles
of
Alabama Central—1st mortg. gold coupon
Ala.d Gt.South’n.— Receiver’s certiflc.of Ala. AChatt
lstmortgage, coupon, (for $1,750,000)..
Albany <&
AND
discovered In tbese Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
STOCKS
total
$400,000 of the Re¬
only about $200,000 of
re-organization terms, $11,563,000. Over
ceiver’s certificates are disputed, and therefore
those above are acknowledged as valid. Gross earnings in 1879, $444,181, and operating expenses, $356,283; net earnings, $87,897. (V. 27,
p. 67, 85,121. V. 30, p. 117, 648; V. 31, p. 94 )
Albany <& Susquehanna.—December 31,1879, owned from Albany, N’
Y., to Binghamton, N. Y., 142 miles; branches—Quaker Street, N. Y..’
to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21 miles'
total operated, 177 miles. Chartered April 19,1851, and road opened
Jan. 14,1869. Steel rail, 135 miles.' Leased in perpetuity from Feb.,
1870, to Delaware A Hudson Canal Company; rentals, 7 per cent on
etock and bonds. Additions and betterments charged to lessors, and
cost made part of investment. In 1871 lessees built the Lackawanna A
Rate per
Cent.
When
Where
pal, When Due.
Payable, and by
Whom.
Payable
Stocks—Last
Dividend.
i
$1,000,000
600,000
1,050,000
3,500,000
1,000,000
1,000,000
1,807,000
2,605,000
2,166,500
4,000,000
3,000,000
10,000,000
7,571,800
150,000
1,500,000
16,000 p. m.
31,250,000
7,041,000
3,115,500
278,500
78,000
480,000
1,185,000
5,500,000
412,000
854,000
200,000
1,633,000
1,942,200
120,000
310,000
5,610,000
500,000
4,250,000
Years.
6
8
6 g.
3*a
7
6
7
7
N. Y., Jesup, P. A Co.
July 1, 1918
1882
S.
Jan. 1, 1908
J. N.Y.,Farmers’ L. A T. Co
Jan. 1, 1881
J. N. Y., B’k of Commerce.
J. N.Y.,Del. AHud.Can.Co
July, 1888
do
do
Nov., 1895-’97
N.
J.
A J.
M.
J.
J.
J.
M.
A.
A.
A
A
A
A
A
A
A
0.
Oct..
do
do
do
O.
do
1885
April 1, 1906
March 1,1896
A J. N. Y., Phila. A Pitts.
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
A. A 0. Philadelphia or London April 1, 1910
Oct. 1. 1894
A. A O. Pittsburg, Co.’s Office.
7*30 J.
5
7
7
7
6
6
2
7
7
7
g.
g.
g.
g.
7
8
5
4*3
7 g.
7 g.
7 g.
7 g.
7 g.
7 g.
7 g.
7
7
New York.
A. A O.
F. A A. Phil., Fid. I.T. A S.D.Co.
N. Y., Hanover N. Bk.
Q.-F.
Boston.
Q.—F.
do
J. A J.
A. A O. Boston, North Nat. Bk.
do
do
A. A 0.
Boston.
J. A J.
do
J. A J.
do
A. A 0.
N. Y. A Boston.
A. A O.
J. A J. Boston,
J. A J. Boston,
do
J. A J. Bost.,N.
1893
Aug. 1, 1908
May 1,1905
Feb. 15, 1881
July, 1899
Oot. 1, 1900
1903
1882
Jan. 1, ’83-’88
April 1, 1909
Oot. 1, 1920.
North Nat. Bk. July 1, 1902
Everett N. Bk. July 1, 1905
do
Bk.of Republic
do
do
J. A J.
A. A O.
A. A O.
Boston, Everett N. Bk.
Boston, Bk. of No. Am.
A. A 0.
New York, Office.
1905
July 1, 1905
1907
July 1. 1907
1908
Boston.
J.
A J.
do
Stock.
Bonds.
Earnings.
$1,817,582
$1,900,000
April 1,1897
Jan.
Expenses.
1, 1907
Profits
$266,641
$178,998 $87,643'
1,817,880
2,000,000
227,206
176,993
50,213
1,671,867
1,500,000
181,731
271,658
89,927
1,658,491
252,604
1,500,000
183,625
68,978
282,643
83,827
1,658,491
1,500,000
198,815
Atchison Colorado ct- Pacific—A. notice issued in February, 1880, by
Henry Day and Oliver Ames, trustees of the first mortgage bonds, stated
that the Waterville A Washington, Republican Valley, Atchison Solomon
Valley A Denver and the Atchison Republican Valley A Paciflo railway
companies had been consolidated into a new company called the Atchison
Colorado A Pacific Railroad Company, and a new first mortgage of $16,000 a mile, with interest at 6 per cent per annum, issued to take the
pl.ace of the first mortgage bonds of the railroad companies named. The
road is an extension of the Union Pacific Central Branch, by which the
bonds are guaranteed and the road is controlled, and the whole system is
virtually owned and controlled by Union Pacific. (V. 30 p. 221.)
Atchison Topeka & Santa Fe.—Dec. 31,1879, owned main line, Atchison,
Kan., to State line, Colorado, 470 miles. Leased lines, Kansas City to
Topeka, 66 miles; Pleasant Hill to De Soto, 45 miles; Florenoe to El
Dorado, 29 miles; Wichita to Newton, 27 miles; Pueblo to Kansas State
line, 137 miles; La Junta to New Mexico, 93 miles; Emporia to Kansas
State line (Greenwood Co.), 64 miles; Kansas State Line (Greenwood
Co.) to Howard, 12 miles; Florence to McPherson, 47 miles; Wichita to
Arkansas City, 51 miles; Mulvano to Wellington, 16 miles; Colorado
State line to Las Vegas, 118 miles; total, 708 miles. Total length of
line at end of 1879, 1,178 miles. Construction in active progress in
1880, and Nov. 1,1880, about 1,544 miles were operated, including 285
miles of Pueblo A Arkansas Valley RR. and 374 miles of New Mexico A
So. Pacific. Tho Kansas City Lawrence A Southern was acquired by pur¬
chase of the stock in Sept., 1880. On Feb. 1,1881, 25 per cent addi¬
tional stock was issued to stockholders at par. (See V. 32, p. 43.)
An agreement was made in Feb., 1880, with the St. L. A San Fran., for
the joint construction of a line to the Pacific, under name of Atlan. A Pao.
For terms see St. Louis A San Francisco in this Supplement, and also
the circular published in Chronicle of April 24,1880. The company in
1879 was engagedin sharp litigation with the Denver A Rio Grande. In
January, 1880, by terms of mutual agreement, the suits were all termin¬
ated. The agreement is to bo binding for ten years, and a judicial decree
was entered to affirm this settlement.
The annual report for 1879 was
published in the Chronicle, V. 30, p. 491. Net income, etc., for four
years was as follows:
1876.
1877.
1878. ;
1879.
Total net income
$1,171,878 $1,191,856 $1,928,589 $3,748,410
Susquehanna Railroad from Nineveh to their Pennsylvania coal fields,
and secured the joint use of the Jefferson Railroad. This opening has
given a large coal traffic to the road and to the other Delaware & Hud¬
TV jj/ii/pffpnipi) /<?
son leased roads north from Albany to the Canada line.
The consoli¬
dated mortgage is for $10,000,000, of which $3,450,000 is to retire old Rentals paid
bonds, and balance for a part of old stock and to lessee for improve¬ Interest on debt
ments. Gross earnings in 1879-80, $1,538,982; net, $657,288, against Dividends
$558,268 in 1878-9 and $456,580 in 1877-8. Interest, dividends and Sundry debits
rentals in 1879-80, $721,371. Loss to lessees, $64,083. (V. 29, p. 581; Gold premium...
Y. 31, p. 357, 483; V. 32, p. 99, 205.)
Exp’ses Boston office.
295,404
279,921
401,267
55,662
16,668
25,734
17,733
45,799
4,083
30,199
22,108
634,620
669,035
833,653
790,513
836,772
795,446
691,311
72,812
40,490
1,311.579
Miscellaneous
14,326
14,124
Allegheny Valley—Dec. 31,1879, owned from Pittsburg, to Oil City,Pa., Balance, surplus
120,783
20,691
branches—Red Bank, Pa., to Driftwood, 110miles; others, 17
Total
$L,171,878 $1,191,856 $1,928,589 $3,748,410
miles; total operated, 259 miles. Chartered April 4,1837. Road opened
Operations and earnings for five years have been as follows:
through to Oil City (132 miles) Feb. 2,1870. Low-Grade Div., Red Bank
Passenger
Freight (ton)
Gross
Net
to Driftwood (110 miles) opened May 4,1874. The company became em¬
Miles.
Mileage.
Earnings.
Earnings.
Mileage.
barrassed in 1874 and compromised with its creditors. It still falls short Years.
711
46,244,990
7,166,852
$1,520,358
$821,608
of earning interest liabilities, which amount to $1,630,000 a year, viz.:
17,031,491
2,486,582
1,167,608
711
61,791,130
on mortgage bonds, $1,152,000, and on income bonds, $478,000.
The
786
72,719,170
2,679,106
22,008,549
1,191,856
amount of income bonds authorized is $10,000,000; these receive all
868
1,883,898
31,921,869 133,180,182
3,950,868
revenue left after interest on prior liens, and any deficiency is made up by
3,418,315
1,167
6,381,443
additional issues. The income coupon for Oct. 1,1880, received|$9 50 in
Land grant estimated to be 2,932,784 acres, of which 1,105,629 acres
cash and $25 50 in bond scrip. Or the income bonds the Pennsylvania
were sold to January 1, 1880; in 1879,104,744 acres were sold, for
RR., Northern Central and Philadelphia A Erie hold $4,587,000, the
Interest on which is paid altogether in bond scrip; the bonds held by $494,353, or $4 72 per acres. The K. C. T. A W. is leasd at 30 per ceot
individuals are paid in cash and scrip. Interest, Ac., in 1880 in excess of of gross earnings, rising to 34 per cent in 1880 and thereafter. Ttie
net earnings, $315,109. The earnings,' Ac., for five years were as follows : New Mexico A Southern Pacific is leased for thirty years at 37 per cent
of gross earnings and a rebate of 15 per cent on all business to and from
Net
Gross
the Atchison Topeka A Santa Fe Road, and 11 shares of A. T. A8.F.
Passenger
Freight (ton)
Earnings. stock was offered for 14 shares of N. M. A S. P. stock till April 10,1880;
Earnings.
Years.
Mileage.
Mileage.
$1,083,796 See V. 30, p. 168, 383; V. 30, Supplement of June 26. The 5 per cent
$2,438,254
1876
98,029,140
14,939,527
1,144,972 bonds were issued for stocks purchased, and 4*3 per cents for extension
2,492,080
1877
106,609,036
19,833,405
915,727 of the line to El Paso, and have the 6 per cent mortgage bonds of
1,910,222
1878
84,077,541
15.874,054
761,835 the Rio Grande Mexico A Pacific and the Rio Grande A El Paso roads
1,745,316
1879
94,606,809
13,976,446
832.301 deposited as security for them. The sinking fund is 1*3 per cent, rising
1,919,528
1880
—(V. 27, p. 356; V. 28, p. 399; V. 29, p. 356; V. 30, p,463 ; V. 31,p. 381.) to 31s by 1910. (V. 30, p. 16, 42, 143, 168,191,383,408.433,491.
504, 533, 543,674; V. 31, p. 109, 381, 428, 482, 559, 588, 606; V.
Alliance <& Lake Erie.—June 30, 1^79, owned from Alliance, O., to 32, p. 43, 99, 182.)
Phalanx, O., 23 miles. In progress in 1880.
Atlanta d Charlotte Air-Line.—Dee. 31,1879, owned from Charlotte,
Ashtabula & Pittsburg.—December 31,1880, owned from Youngstown, N. C.,to Atlanta, Ga., 269 miles. Successors of Riehm. A Atl. Air-Line,
O., to Astabula Harbor, O., 62*6 miles. Organized as Ashtabula Youngs¬ which was a consolidation (1870) of three separate lines in No. Carolina,
town & Pittsburg in 1870, and road opened' May 1,1873. Pennsylvania So. Carolina and Ga. The whole road was opened for trafflo 8ept. 28,
Company, as lessees, guaranteed bonds up to January 1,1877. Default 1873. Soon after completion default was made, and the property passed
July 1,1878, and property sold August 21,1878. Existing company to a receiver November 25,1874. Sold under foreclosure December 5,
organized September 25,1878, and it is leased by Penn. Co., which pays 1876, and purchased by the bondholders, who formed the existing cor¬
net earnings to A. A P*. Tho common stock is $958,491 and preferred poration February 27,1877, and possession was taken April 16, 1877.
The line forms the Southwestern Division of the P edmont Air-LittA
stock $700,000. Earnings, Ac., for five years were as follows:
132 miles;
....
Subscribers will confer
a
Miles
87
428
428
428
81
81
81
133
133
133
214
214
Atlanta 4 West Point—Stock
Atlantic Miss, d Ohio—Stock (com’n. pref. & guar.)..
1st mort. consolidated, gold (for $15,000,000)
2d mort. to the State (no interest till 1880)
Norfolk & Petersburg—1st mortgage, extended..
do
do
1st
do
do
do
2d
do
do
South Side—1st pref. consol, mort
do
do
2d
guar. Petersb’rg
do
3d
do
Virginia & Tennessee—Enlarged mortgage
4th mortgage
do
do
Registered certificates....
Interest funding bonds....
do
....
....
100
Atl.dPac. -1stM.,g.,s.f.,cp.orreg.(for$25,000,000)
Income bonds (non-cumulativc)
Atlantic d St. Lawrence— Stock, sterling
let mort. to City of Portland (sinking
2d mortgage, sterling, 5-20 years
do
3d
do
Date
Size, or
Bald Eagle Valley—Gen’l mort.,(s. f.
Baltimore d Ohio—Stock
Preferred stock
Loan, 1853
Debentures,
fund
1
sterling
Sterling mortgage, sinking fund
Sterling mortgage^ sinking fund
Purchase of Conneilsv. RR (payable $40,000 y’ly)
1871
1857" 500 &c.
1857
1868
1866
500 &c.
1,000
1,000
200 &c.
1866
200 &c.
1866
1854
1,000
1865
1,000
Var’us Various
100 &c.
1869
1880
.
.
.
.
411
421
1864
1871
1880
1853
1870
1855
1874-5
1872
1874
1875
Virginia & Tennessee Railroad
Interest funding notes issued January 1, 1874, 8 per cent...
®
<m
m
$967,000
2,395,590
134,584
$5,235,674
of 4 per cent until the first of April, will and
SI,000each, having50 years to run; (these 1884, only 5bear cent there¬
per interest at
le
rate
Four
per
cent income mortgage bonds will be issued for the
overdue interest on consolidated 7s to the date from which the new
second mortgage bonds commence to run, with 6 per cent interest; and
for the difference between the interest secured by all the issued con¬
solidated 7s gold bonds and the interest secured by the new second
mortgage bonds, capitalized in full from the date when the latter com¬
mence to run to the 1st of October, 1901, inclusive.
Interest will not
be cumulative, but payable each year if earned. Stock will be issued
for $547,000 in 5,470 shares of $100 each. For each $1,000 consoli¬
dated 7 per cent gold bond, with all coupons miniatured at the date
from which the new second mortgage bonds commence to run, there will
be delivered $1,000 new second mortgage bond and $100 new stock.
Additional reorganization income bonds and stock, as well as additional
bonds of an inferior rank to the said income bonds, may be issued, and
may be used for providing the purchase money of the property, &c.
The purchasing committee may charge the cost and expenses incurred,
or to be incurred, in and about the scheme, and not paid in the course
of the foreclosure proceedings upon the reorganization second mortgage
bonds,
and stock to be delivered as above.
bonds,
income
They may also charge, or concur in charging, all or any part of the costs
and expenses of the foreclosure proceedings and of all other matters
connected with the reorganization upon the first net earnings of the new
company after providing for the current interest upon the divisional
securities and first mortgage bonds issued and outstanding.
There was a project for the consolidation of this company, after fore¬
closure sale, witn tne East Tennessee Virginia «fe Georgia and the Mem-
g.
g.
g.
g.
Jan. 1,
1881
Oct.
1901
& J. Atlanta, Ga., atTreas’y.
J.
J.
J.
J.
J.
J.
I.
J.
J.
J.
J.
A.
M.
M.
A.
M.
3ia
J.
6
5
3
J.
M.
J.
A.
M.
J.
J.
M.
M.
J.
.6
6
2,833,520
968,000
8,507,352
9,107,547
800,000
....
1,738,500
7
8
8
6
6
6
8
8
8
6
6
3
6
6
6
2.882.956
£200
£100
£200
Slocks—Last
Dividend.
A. & O. N.
"8*
m
pal,^When Due.
Where Payable, and by
Whom.
Pay’ble
....
7 g.
452,500
....
By the committee’s plan new bonds were to be issued, viz.: 6,000 first
mort. 6s, $1,000 each, having 30 years to run. 5,470 second mort. 5s,
after.)
4
.
The bondholders’ committee circular of June, 1880, is in V. 31, p. 43,
and their plan of reorganization on p. 121. The divisional bonds will
remain unchanged approximately as follows:
Total
Bonds—Princi¬
When
....
990,000
969,000
84,190
226,900
1,000 25,000 p. m.
50 &c. 18,750 p. m.
£100
5,484,000
787,000
£100
1,499,916
£100
712,932
100
1,022,900
400,000
1,000
100
14,792,566
100
5,000,000
1,710,000
$6,450,000. Total receipts in 1879 $777,298, and expenses $623,294;
net earnings, $154,003. Interest paid (preferred mortgage coupons),
$35,000. Surplus over interest, $119,003. Interest on the first mortgage
registered bo: ids ($4,250,000) has heretofore been conditional; but from
Jan. 1,1880, it is obligatory. (V. 28, p. 277, 427; V. 30, p. 272, 432.)
Atlanta d West Point.—June 30,1879, owned from East Point, Ga., to
West Point, Ga., 81 miles; leased, 6*2 miles; total operated, 87*2 miles.
Chartered December 6, 1847, and opened for traffic September 10, 1857.
The Central of Georgia is used to reach Atlanta, 6^ miles, and for this
joint use the company pays $6,000 a year. Besides the stoek ($1,232,200)
there are outstanding $65,000 in 8 per cent debentures. Gross earnings
in 1878-79, $330,262; expenditures, $206,892; net, $123,370; gross,
in 1879-80, $368,130; net, $153,311). (V 29, p. 300; V. 31, p. 121.)
Atlantic Mississippi d Ohio.—June, 30, 1879, owned from Norfolk, Va.
to Petersburg, Va., 81 miles; Petersburg, Va.. to Lynchburg, Va.,
123 miles; Lynchburg, Va., to Bristol, 204 miles; branches—Peters¬
burg to City Point. Va., 10 miles; Junction to 8altville, Va., 10 miles;
total operated, 428 miles. This was a consolidation, November 12,
1870, of Norfolk & Petersburg, South Side and Virginia & Tennessee;
in all, with branches, 428 miles. In all these routes the State of Vir¬
ginia held the controlling interest, and on reorganization sold out to the
company for $4,000,000 in second mortgage bonds, non-interest bearing
before July 1, 1880. Default on consolidated bonds was made October
1, 1873. Two Receivers appointed June 6, 1876. After many delays the
road was sold in foreclosure Feb. 10, 1881, to Mr. Clarence S. Clark, of
Philadelphia, for $8,605,000, on behalf of capitalists interested in the
Shenandoah Valley road. (See V. 32, p. 182.) Interest has been paid
by Court order on sectional bonds. The divisional bonds matured and
maturing prior to July, 1880, have been extended for ten years by order
of the Court, and new sheets of coupons are issued to the holders. Inter¬
est on the divisional bonds is paid, and in January, 1881, $2 on each
whole coupon and $1 each on half-coupons of the consol, bonds were paid.
Railroad
Cent.
6,921,900
5,470,000
4,000,000
306,000
157,000
458,000
684,000
621,000
....
(under oontiol of the Richmond & Danville Railroad), extending from
Richmond, Va., to Atlanta, Ga., 550 miles. Capital stock $1,700,000,
and funded debt $4,750,000; total investment ($‘23,978 per mile),
Norfolk & Petersburg
South Side Railroad
discovered in these Tables*
J.
Rate per
$1,232,200
1871
.
150
150
53
54
595
Amount
Outstanding
....
150
fund)
$4,000 per yr.)
do 1870 .sterling, £800,000, sink,
Baltimore loan, 1855-’90, sink, fund
$100
....
1880
do
Augusta d Savannah—Stock
[Vol. yyttt
INTEREST OR DIVIDENDS.
of
of
par
explanation of column headings, &c., see notes
Road. Bonds Value.
on first page of tables.
do
do
do
BONDS.
great favor by giving immediate notice of any error
DESCRIPTION.
For
AND
STOCKS
RAILROAD
6 g6 g.
6 g.
0 g.
6
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
<fc
&
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
0.
S.
N.
0.
N.
D.
J.
N.
J.
0.
S.
J.
J.
&
Y., First Nat. Bank.
8.
&
& N.
& J.
N.Y., Perkins & Choate.
do
do
do
do
do
do
do
do
do
do
do
do
1, 1887
1, 1887
July 1, 1893
Jan. l,’84-’90
Jan.
Jan.
Jan. 1. ’84-’90
do
do
Lynchburg Office.
N.Y., Perkins & Choate.
New York and Boston.
London, Gr. Trunk Rw.
London, Gr. Trunk Rw.
do
Savannah.
do
Phila.,Far.& Mech.N.Bk
Baltimore Office.
Balt., Merchants’ Bank.
Baltimore Office. '
London.
Baltimore, Office.
London, Naylor & Co.
London.
London,
1,
Speyer Bros.
Jan.l,’96-1900
July 1, 1884
Mch. 1, 1900
Jan. 1, 1875
July 1, 1880
July 1, 1910
Oct. 1, 1910
Sept. 15, 1880
Nov. 1, 1888
Oct. 1, 1884
May 1, 1891
Dec., 1880
Jan. 1, 1910
Nov. 15, 1880,
Jan., 1881
1885
1895
1890
Jan. 1, 1881
Mch. 1, 1902
1910
Baltimore.
1881-1900
Atlantic d Pacific.—This is the company formed to build a Pacific line
about 600 miles, in connection with the Atch. Top. & S. Fe and the St. L. <ft
San Fran., which companies guarantee 25 per cent of the gross earnings
their respective lines to and from this road, one year after its com¬
pletion, provided its own earnings are insufficient to pay coupons. The
over
were sold at par, with a bonus of $750 in income bonds for eacn
$1,000 first mortgage. The land grant claimed under the old A. & P.
grant is 25,600 acres per mile in Territories and 12,800 acres in States,
and on completion of the first 50 miles, October, 1880, the U. S. Attor¬
ney General held that the company was entitled to the lands on that
section. See Chronicle, V. 30, p. 433; V. 31, p. 204, 428, 452, 482, 534;
V. 32. p. 182.
bouds
Atlantic d St. Lawrence— June 30,1879, owned
Island Pond, Vt.., 1491e miles, there connecting
from Portland, Me., to
with Grand Trunk of
Canada, to which leased for 999 years, August 5, 1853, at a rental
equal to 6 percent on stock and bond interest. Capital, $5,484,000(of which $27,000 is in U. S. currency). Earnings, &c., for three years:
Years.
Gross Earnings. Net Earnings.
1877
1878
1879
*
$891,375
921,959
824,790
:
‘ *$234,675
92,584
38,750
.
Loss.
-(V. 27, p. 147.)
Augusta d Savannah.—Sept. 1,1879,
owned from Millen to Augusta,
Chartered as Burke County in 1838 and opened in 1854.
Leased to Central of Georgia for $73,000 per annum. Has no bonded
debt. The capital ($1,022,900) represents its cost. Dividends of 3*2 per
Ga., o3 miles.
considerable surplus fund.
Pa.,
Pa.,
3 miles; total operated, 54 miles.
Opened December 7, 1864, and
leased
to
Pennsylvania Railroad Company for 99 years.
The
branch is the joint property of the lessors and lessees. Rental, 40 per
cent of gross earnings. Interest, $24,000, and dividends (January and
July, each 2^ per cent), $27,500). Stock, $550,000. The general mort¬
gage, dated Jan. 1,1880, was provided for the replacement of the two
senes of bonds.
In January, 1881, purchased the Bellefonte & Snow
Shoe road for $300,000, as reported. (V. 27, p. 486; V. 32, p. 99.)
Baltimore d■ Ohio— September 30, 1879, owned from Baltimore, Md.,.
to Wheeling, W. Va.. 379 miles; branches, Point of Rocks to Washington,.
43miles, others, 10miles; total owned, 435 miles; and leased lines oper¬
ated with main line, 113 miles; total represented in operating accounts
of the
main stem and branches,” 547 miles; lines operated and
accounted for separately measure 902 miles; making the total of all lines
controlled and operated by company about 1,449 miles. In all these
lines separately operated the Baltimore & Ohio company are very largely
interested, and have absolute control thereof. An abstract of the last
annual report is given in the Chronicle, Vol. 31, p. 533, and the follow¬
ing extracts are quoted therefrom. The subjoined exhibits show the re¬
cent are
paid June and Dec. each year. Has a
Bald Eagle Valley.—December 30, 1879, owned from Vail Station,
to Lockhavcn,Pa., 51 miles; branch, Milesburg, Pa., to Bellefonte,
duction of the indebtedness
stated during tne fiscal year:
1, 1879.
REPORT OF OCTOBER
Sterling debentures due in 1880
Bills payable
Sterling obligations and loans
$2,420,000
539,000
620,507
and 1881
Total
REPORT OF OCTOBER
Sterling debentures due in 1881
Bills payable
$3,579,507
1,1880.
:
$968,000
440,000
1,408,000
Total
$2,171,507
Add payments on account of the principal of debt and of the
659,308
sinking funds during the fiscal year
Aggregate reduction
$2,830,000
The profit and loss account shows an increase for the year of $2,356,984.
It will be seen by this account that the nominal surplus fund, which
represents invested capital derived from net earnings, and which is not
represented by either stock or bonds, now amounts to $40,561,642.
The gross and net earnings of the main stem and its branches and of
Showing
a
reduction during the year of
the other divisions,
were as
for the last fiscal year, as compared with
follows:
_
1878-79*
•
/—Earnings, 1879-80.—' .—Earnings, 1878-/9.—,
Gross/Gross.
Net.
Net.
oint to Memphis—a total length of road equal to 992 miles. Operations
so as
Main Stem, <fcc
$11,229,88© $5,172,980 $8,864,826 $8,341,245
and earnings for six years past ending June 30, were:
285,006
223,674
314,405
Washington Branch...
246,496
Passenger
Freight (ton)
Gross
Net
195,578
634,914
860,160
371,829
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings. Parkeisburg Branch
846,512
272,700
311,454
1,003,565
1874-5....... 428
55,982,364 $1,782,453 $673,506 Central Ohio Division.
10,671,980
639,821
189,114
847,221
208,853
1875-6
428
10,616,924
60,610,288
1,742,251
540,539 Lake Erie Division
1,153,852
494,530
1,548,994
1876-7
..428
566,673
9,531,442
600,633 Chicago Division
67,531,874
1,791,579
1,598,113
732,282
2,238,481 1,011,827
1877-8
428
9,470,228
70,797,576
1,781,710
486,889 Pittsburg Division
41,193
' 7,598
1878-9
428
50,380
8,594
73,662,480
1,673,131
8,079,780
612,043 Wheeling Pittsb. & B.. .
129,739
45,661
224,649
88,259
428
1879-80
9,244,356
943,413 Newark 6. & S.RR....
98,595,455
1,936.641
—(V. 30, p. 66, 272,298, 648; V. 31, p. 20, 43, 121, 258, 381, 428, 482,
Total
$18,317,740 $7,986,970 $14,193,980 $6,502,384
£06; V. 32, p. 182.)
?his & Charleston,
to make a through line from Norfolk and City
..
....
February,
Subscribers will eonfer a great
11887723--3456905469
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
notes
Outstanding
£200
$7,744,000
$1,000
3,000,000
140,000
366,000
1,500,000
3,000,000
2,000,000
1,068,000
1,000,000
499,500
745,000
263
Chic, line bonds
104
Northwestern Virginia, 3d mortgage, 1855-85 ...
Bonds to State of Maryland
Baltimore d Potomac— 1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent.
•
•
•
•
•
•
1*2
89
90
56
64
64
64
84
59
22
324
income, road and tunnel, reg...
Belleville d South. Ill— 1st M., sink’g fund, guar.
Belvidere Del — 1st mort. due 1877, extended, guar.
2d mortgage bonds of 1854 (guar, by C. & A.)..
3d mortgage bonds of 1857 (
do
do )
Consol, mortgage of 1876
Bennington d Rutland—1st mortgage
Berkshire—Stock
Boston d Albany—Stock
•
•
Doan of 1875, coupon or registered
Boston Barre d Gardner.—1st & 2d mortgages
•
38
151
29
43
Agricultural Branch.
Mortgage bonds 1869-70
Bonds
.
Equipment notes
Bonds, guar, by lease to Old Colony.
Montreal—Old prefe
•
....
1st mortgage,
•
* •
....
120
166
1
Sinking fund bonds.
Boston d
•
•
2d mortgage,
Boston Concord d
these Tables.
Bonds— Prinoi
INTEREST OR DIVIDENDS.
explanation of column headings, &c., see
on first page of tables.
Baltimore d Ohio— (Continued)—
Doan., ster., (s. f. £7,500) lien on
Bonds on Parkersburg Branch
xvii
BONDS.
AND
favor by giving Immediate notice of any error discovered in
DESCRIPTION.
For
STOCKS
RAILKOAD
1881.]
Bonds
Bonds
....
....
Bonds
1855
1878
1871
1871
1875
1866
1877
1854
1857
1876
1877
■m
m
m
Q,
®
O
©
1,000
1,000
1,000
1,000
1,000
500
500
1872
1875
1,000
1,000
....
.
_
m
1,000
1,000
.
1,000
.
1880
....
1858
1873
500 &c.
100
100
100 &c.
100 &c.
....
.
.
1872
1875
1876
500
....
....
....
1875-69.
ate per
Cent.
J
>al,When Duq
and by
Stocks—Last
Dividend.
June 1,
Balt.&N.Y.,D. M &Co.
J. & J. Balt., Balt. & O. RR. Co.
April
A. & O.
1927
1^1919
Baltimore.
J.
July 1, 1888
J Balt, or London or N.Y. July 1, 1911
A.
O. Phila., Penn. RR. Co.
April 1, 1911
Jan. 1, 1915
Baltimore.
J.
J.
Oot. 1, 1896
N. Y., Russell Sage.
A.
O.
1902
D. Philadelphia, Pa. RR.
J.
1885
8.
M.
Philadelphia.
1887
A. Philadelphia, Pa. RR.
F.
J.
J. Treasurer, Trenton,N.J. Jan. 1, 1916
7
Nov. 1, 1907
N.
M.
N.Y., Union Trust Co.
7
13t
Q.-J. Stockbridge, Treasurer. Jan. 1, 1881
Jan. 1, 1881
2
Bostou, Office.
Q.-J.
Feb. 1, 1892
do
F. & A.
7
do
6
J. & J.
July 1, 1895
A. & O, Worcester, City Nat. Bk. April 1, 1893
5
Oct. 15, 1880
on pf.
Boston, Office.
6
J. & J. Boston, Boston N. Bank 'July 1, 1884
1889 & ’90
do
do
J. & J.
7
June 1, 1896
do
do
7
' J. & D.
do
do
A. & O.
6
*81,’82,’83/85
1, 1910
J. & J. Boston, N. E. Trust Co. Jan.
5
Nov. 20, 1880
M. & N.
3
Bostou, Office.
3,047,700
400,000
799,600
528,000
870,000
1,500,000
800,000
1,000,000
624,000
J.
J.
&
&
&
&
&
&
&
&
&
&
*
J. & *J.
A. & O.
6
6 & 7
1,874*500
800,000
3,250,000
999,500
500,000
750,000
Where Payable,
Whom.
Payable
When
J. & D. Lon., J. 8. Morgan & Co.
5
6
6
6
6 g.
6 g6
8
6
6
6
475,000
600,0Q0
20,000,000
5,000,000
2,000,000
554,000
1,000
100 &c.
1854
’69-’70
1876
,
1,200,000
1,000
,100
100
m
....
160
26
82
Lowell—Stock.
1877
1879
Amount
”2*
|
J.
M. & 8.
J. & J.
1893
do
do
&"j.
A. & O.
7
7
6
1889
Boston, Office.
1, 1881
April 1, 1892
Jan.
Boston, at Office.
'
do
do
do
do
do
March
1,1895
July 1, 1896
do
1
by lessees. Since September 10, 1877, the
of the Main Stem, with all branches (as above) operated by the re-organized Bennington &Vermont division
Rutland. Stock
$1,004,000 (par $100),
hundred and fifty road ($25,068 per mile),and bonds $475,000; total, representinga cost Of
$1,479,000. Interest liability, $32,250 year.
The aggregate working expenses
and divisions, were 56-39 per cent of the whole gross revenue, being
2-21 per cent more than the preceding year. Seven
miles of track of the Main Stem and branches east of the Ohio River are
now laid with steel rails.
The increased cost of steel thus continuously
substituted for iron rails lnib been
charged to the repair account as uni¬
formly heretofore.
It is shown by the report of the
transportation department that the
abandoned
Berkshire— Sept. 30, 1880, owned from Connecticut State Line to
West Stockbridge, Mass., 22 miles. Chartered in 1837, and road opened
in 1842. Leased in perpetuity to Housatonic Railroad Company at 7
per cent on capital stock and cost of road ($27,273 per mile), $600,000.
Lessors pay taxes, &c.,
per
merchandise cast and west has been 1,980,397 tons,
which reduced the dividends to less than 6
against, 1,425,629 tons in 1879; 1,149,499 tons in 1878; in 1877 this cent, and the quarterly dividend due in October is usually omitted. Used
traffic was 1,047,645 tons; for 1876, 1,093,393 tons; for 1875, 872,101 as the Housatonic’s main line in Massachusetts.
tons; for 1874, 752,256 tons; for 1873, 640,265tons; for 1872, 557,609
Boston d Albany.—Sept. 30, 1879, owned from Boston, Mass., to
tons; and for 1871, 435,207 tons. The coal trade of the Main Stem
Albany, N. Y., 202 miles; numerous branches, 48 miles; leased lines,
shows an aggregate of 2,225,146 tons, which includes 423,256 tons for 74 miles,' total operated, 324 miles.
In 1880 bought Springfield
the company’s supply, being an increase of 659,142 tons over the pre¬ A Northeast, and leased Spencer RR. The B. & A. was formed (Dec.,
ceding year. Results of operating “main stem and branches” for eight 1867) by tho consolidation of the Bost. & Worcester and the Western
railroads. Results of operations for five years were as follows;
years:
Div.
Net
Operating Expenses. Net Earnings.
Gross
"Years.
Gross Earnings.
Passenger Freight (ton)
$7,318,048 = 59-72 p. c.
$4,934,796 Years. Miles.
$12,252,844
Receipts.* p. ot.
Receipts.
Mileage.
Mileage.
5,018,060
6,675,895=57-80 “
9
11,693,955
322 110,644,410 301,624,988 $7,074,758 $2,391,764
4,337,378
8
6,178,801=58-74 “
10,514,179
6,780,597
2,167,831
322 103,278,126 313,822,671
tonnage of through
“
4,220,726
“
3,656,893
4,524,344=52-83 “
4,039,611
4.523,581 = 51-02 “
4,341,245
6,056,900=53-93 “
5,172,980
Dividends for 5 years, 1872-77, 10 per cent; for 1877-78, 7*2 per cent;
for 1878-79, 8 percent; for 1879-80, 9 percent. The three dividends
from May, 1878, to May, 1879, inclusive, were paid in stock. Results of
9,632,361
8,262,045
8,563,956
8,864,826
11,229,880
operating all lines owned and
Years.
Gross Earnings.
5,411,635=56-18
4,605,151 = 55-73
controlled for the eight years 1872-80:
Operating Expenses.
Net Earnings.
$10,141,623=64-62 p. c.
$5,551,575
$15,693,198
9,461,651=63-30 “
5,485,439
14,947,090
9,908,665=68-59 “
4,535,574
14,444,239
9,609,857=63-94 “
5,421,379
15,031,236
8,226,055=62-28 “
4,982,805
13,208,860
7,769,301=56-44 “
5,995,978
13,765,279
7,691,595=54-18 “
6,502,385
14,193,980
10,330,770=56-39 “
7,986,970
18,317,740
The Baltimore & Ohio direct bonds of 1879 on Parkersburg Branch are
.secured by deposit of mortgago on that road. (V. 28, p. 223, 276, 378 •
V. 29, p. 145, 225, 250, 328, 510, 535 ; V. 30, p. 544; V. 31, 533, 535.)
Baltimore d Potomac—Dec.31, 1880, owned from Baltimore, Md., to
Bowie, Md., 24 miles; Bowie to Pope’s Creek, 49 miles; branch—Bowie
to Washington, D. C., 17 miles; total operated, 90 miles. Chartered in
1853; load opened to Washington in 1872 and to Pope’s Creek in 1873.
Baltimore Tunnel opened in summer of 1873. The road is controlled by
the Pennsylvania Railroad Co., and firs mortgage bonds guaranteed by
Pennsylvania Railroad and Northern Central Railroad Companies. Fore¬
closure is contemplated.
Capital stook, $3,553,250, funded debt,
$6,500,000, and other liabilities and accounts, $129,620; total, Dec. 31,
Road and equipment, $9,099,295; materials and
1880, $10,182,870.
cash assets, $123,867; profit and loss, $959,808. Gross earnings in 1879,
$699,772; expenses, $526,201; profits. $173,570; interest, $272,317.
Gross in 18*0, $790,147; expenses, $632,663; profits, $157,484; in¬
terest, $272,342. Deficiency, or guarantors’loss m 1880, $114,858; in
1879, $98,746. Inoomo bonds wholly held by Pennsylvania Railroad
1872-73
(V. 28, p. 598; V. 30, p.493, 588.)
Belleville d Southern Illinois.—Deo. 31,1879, owned from Belleville,
HI., to Duquoin, Ill., 56 miles. Chartered Fob. 15, 1857; opened Deo. 15,
1873, and leased, during construction, Oct 1, 1866, to St. L. Alton & Terre
Haute Railroad Co. Lease rental 40 per cent of gross earnings up to
$7,000 per mile; 30 per cent above $7,000 and up to $14,000 per mile,
and 20 per cent on any exoess of $14,000 per mile. Rental for 1878,
$98,351. Bonds guaranteed by lessees. Common stock, $130,000; pre¬
Co.
322
324
101,221,955
101,248,321
329,708,573
325,484,799
375,452,804
6,633,534
6,427,463
7,741,118
2,219,536
2,703,638
8
8
8
2,492,618
1879-80
*
Net receipts include income from rents, &c.
Stock increased from $19,664,100 to $20,000,000 in seven years, and
bonds from $3,037,000 to $7,000,000. Cost of road, <kc., Ootober 1,
1872, $24,301,752, and September 30, 1880, $27,514,116.
(V. 29, p.
328,488; V. 30, p. 600; V. 31, p. 44, 152, 412.)
Boston Barre d Gardner.—Sept. 30, 1879, owned from Worcester to
Winchendon, Mass., 37 miles; leased, Monadnock RR., Winohendon,
Mass., to Peterboro’, N. H., 16 miles; total operated, 53 miles. Char¬
tered in 1847, and road completed in 1874.
Leased Monadnook RR.
for 99 years from October 1,1874. Interest has been reduced to 5 per
cent. Interest liability at 5 per cent, $27,715.
(V. 29, p. 40,406.)
Boston Clinton Fitchburg d New Bedford.—Sept. 30, 1880, owned from
Fitchburg, Mass., to New Bedford, Mass., 91 miles; branches, 34 miles;
leased, Framingham & Lowell RR., 26 miles; total operated, 151 miles.
Consolidation (June 1,1876) of the B.C. & F. and the N.B. railroads, both
of which had been consolidations of other original lines. The Framing¬
ham & Lowell is leased for 998 years and 4 months from Ootober, 1879.
The whole property was leased (Feb. 1,1879) to the Old Colony Railroad
Co. for 999 years, the lessees agreeing to pay as rental 102* per cent of
and other
the gross earnings of the consolidated roads. The rental
income for tliefyear
Sept.
was
after paying all charges, a surplus of $82,637 applicable .to
—(V. 28, p. 40,120; V.|30, p. 221.)
Boston Concord d Montreal.—March 30,1879, owned from Concord,
N. H., to Wells River, N. H., 94 miles; branches—Wells River, N. H* to
30, 1880,
$381,597, whiok left*
Groveton Juuction, 53 miles; Wing Road to
Mt. Washington, 20 miles;
endiDg
dividends.
operated, 167 miles. Chartered in 1844 and road opened in 1853.
Purchased White Mountain Railroad (53 miles) in 1872, and built the
Mt. Washington Branch (20 miles) in 1874. An extension of the White
Mountain Railroad from Groveton Junction to Colebrook and into
total
Canada is mortgaged.
Years.
1874-75
1875-76
1876-77
1877-78
1878-79
1879-80
The old
^
Fiscal year ends March 31.
Expenses,
Taxes, <fco.
Available
Earnings.
$564,194
$523,986
$140,208
693,355
511,343
457,377
Gross
Miles.
160
160
167
167
167
167
649,308
654.272
590,550
678,123
453.172
388,932
477,251
Revenue.
182,012
181,931
201,100
201,618
200,871
preferred stock ($800,000) has always received 3 per cent
semi-annually, amounting to $48,000 a year. Neither the new preferred
ferred 8 per cent stock, $1,250,000, and first mortgage 8 per cent sinking nor the common stock has been paid dividends. A proposal nas been
fund bonds, $1,068,000; total ($48,759 per mile), $2,750,000. Operated made to scale down tho two latter stocks and make them equal to the
in connection with tho Belleville Branch of St. Louis Alton & Terre old preferred.
Stock account, $1,800,000; funded debt, $2,555,800;
Haute Railroad, and extended from Duquoin to El Dorado, 50 miles, by dividends and interest payable, $15,848, and income balance, $585,694;
the Belleville & El Dorado Railroad Co.; extension opened Oct. 31,1879. total, $4,957,343.
Per contra: Construction—Main line, $2,85(V000,
Belvidere Delaware.—Doe. 31, 1879. owned from Trenton, N. J., to and branches, $1,497,000; sinking fund, $201,500; other assets, $185,Manunka Chunk, N. J., 67 miles; Millham Cut-off, 1 mile, Flemington 101; and cash and accounts, $223,738. Total property and assets,
Railroad, 12 miles; total operated, 80 miles. Chartered March 2, 1853,
31.600 due in 1875. (V. 28, p. 577 ; V. 30, p. 599.)
and opened Nov. 3, 1865. Leased to United Companies, and transferred
Boston Hoosac Tunnel d West am.—Sept. 30, 1879, owned from Mas¬
to Pennsylvania Railroad March 7, 1876, by which operated as their
Belvidere Division. Rental, all surplus earnings; but the first, second sachusetts State Line to Meohaniosville, N. Y., 40 miles; Mechaniosvlllo
and third bonds are guaranteed. Gross earnings 1878 ($9,284 per mile), to Schenectady under contract. Projected line, Hoosac Tunnel, Mass., to
$639,034; operating expenses (76-09 per cent), $486,279; and net earn¬ Fairhaven.N. Y., 200 miles. In operation from Meohaniosville, N. Y,
ings ($2,219 per mile), $152,755. Capital stock, $994,050; funded debt, (Rensselaer & Saratoga RR.), to North Adams, Mass. (Troy <fc Green¬
$3,444,500, and floating debt, $157,524; total, $4,596,074.
Cost of field). It lias been built as a connecting line with New England, via
tho Hoosac Tunnel, for tho Erie Railway and other roads. No bonds
road and equipment ($61,700 per mile), $4,246,638.
issued. F. L. Ames, President, Boston, Mass. (V. 30, p. 191, 493, 643;
Bennington d Rutland.—Deoember 31, 1879, owned from Rutland
31, p.
to Bennington, Vt., 57 miles;
branoh, North Bennington to New V.Boston 370; V. 32, p. 69.)
d Lmcell.—Sevt. 30,1880, owned from Boston to Lowell (double
York State Line, 2 miles; total, 59 miles.
Chartered as Western and
steel), 27 miles; brandies—Salem & Lowell, 17 miles; Lowell A
Vermont in 1845, and completed in 1854. Leased in 1857 to Troy &
Boston for 10 years at $36,000 per annum. Consolidated in Harlem Lawrence, 12 miles; others, 19 miles; leased, Middlesex Central and
extension in 1870, and leased to Central Vermont in 1873, but lease branoh, 12 miles; total operated, 87 miles. Chartered in 1830; and line
t4,957,343. There are also $25,700 old bonds due in 1865,
and
• M
on
first page
Miles
of
Boston A Lowell—( Continued) —
Bonds
*.
1
Lowell A Lawrence
Salem A Lowell
Boston A Maine—Stock
Bonds, coupon and registered
Boston A New York Air-Line— 1st mortgage
Boston A Providence^-Stock
Bonds to purchase branches, coupon or registered
11887765--90690..
,
|Bonds
....
—
Brooklyn Elevated— 1st mort., gold (for $3,500,000)
Brooklyn A Montank—Stock ($1,100,000 is pref.) ..
Southern of Long Island, 1st mortgage (S. Side)..
Mortgage on Rockaway Branch
Buff.Braa.A Pitts.—Gen. M.,(inel. 10,000 ac. I’d)
Buffalo New York A Erie—Stock
1875-609
Date
of
Road.
of tables.
First mortgage
Buffalo N. I. A Philadelphia— 1st mort., gold
(for $1,000,000)
Buffalo Pittsbura A Western—Common stock
2a mortgage
Pi'pfpprpil fttnpk
Mortgage bonds (for $7,500,666)
1st mortgage (W. A F. RR.)
1st mortgage (Oil Creek RR.)
1st mortgage (Uu. & Titusville RR.)
2d mortgage (Pitts. T. A B.)
Buff. Chautauqua Lake A Pitts., 1st mortgage.'
.’
Buffalo A Southwestern.—\Stock
Mortgage bonds
Burlington C. Rapids A Northern—Stock
1st mortgage
Iowa City A Western, 1st mortgage, gold, guar..
Cedar Rap. I. Falls A N. W., 1st mort., gold, guar.
Burl. A Southwest.—1st mort., main line, ep. or reg.
Cairo A St. Louis— 1st mortgage
*.
Cairo A Vincennes—Stock ($*2,000,000 is pref.)
Size,
....
Net
Rentals.
$93,309
1873-4
1880
500 Ac.
1,000
1,000
Years.
—(Y. 29,
!
,
.
p.
1867
100
500 Ac.
26
1,000
1871
500 Ac.
500 Ac.’
50
50
1878
m
m
m
_
....
....
,
50
38
25
120
1865
1862
1870
1876
1879
1876
1879
1880
1870
1871
....
....
partnership with the Eastern Railroad.
Net
Expenses
Outside Av’il’ble Div.
Earnings.
A Taxes.
Earnings. Receipts. Revenue, p.c.
$2,278,457 $1,523,966 $754,162
$92,162 $846,653 3
2,173,202
1,518,854
654,348
93,817
748,165 5
2.100,741
1,359,367
741,317
83,717
825,091 6
2,149,857
1,354,755
795,102
88,964
884,066 6
2.438,270
1,511,018
927,252
94,382 1,021,634 7L>
535; V. 30, p. 15; V. 31, p. 556; V. 32, p. 15.)
—Sept. 30, 1879, owned from Boston, Mass., to
Providence, R. I., 44 miles; branches, 20 miles; leased, Attleborough to
total operated, 68 miles.
Chartered
1835. The company have valuable depot
properties in Boston, and during 1879 negotiations were entertained for
miles;
in 1831, and road opened in
consolidation of the Boston A Providence and the Boston A Albany,
utilize them by both companies.
Gross
Net Traffio
Other
DiviYears.
Receipts.
Earnings.
Earnings.
deads.
*o as to
Lease
rental
$27,895
8
348,069
20,797
21,377
6
6
375,947
355,748
19,595
19,395
fil?
8
$399,633
378,032
1,185,040
1,158,643
1,304,520
paid in the years consecutively was $9,219, $11,308,
565 Y. 31, Notes outstanding September, 1880,
380,000. (V. 27,
t10,956, $10,917 and $11,560. p. 534.)
p.
;
Brooklyn Elevated.—In progress. Capital stock authorized, $5,000.
(issued $3,347,680) and 6 percent gold bonds,$3,500,000. Receiv¬
ers were appointed October, 1880.
(V. 29, j). 328; V. 31, p. .44, 428,
452, 557; V. 32, p. 205.)
OOG
Brooklyn A Mon tank—{Southern of L. I.)—Busliwickto Patcliogue, L.I.,
brandies to Fresh Pond Junction, 2 miles; to Rockaway, 10
miles; to Hempstead, 5 miles; total operated, 69 miles. This was first
the South Side Railroad of Long Island, which was foreclosed Sept. 16,
1874, and reorganized us the Southern of Long Island. On June 3, 1879,
the property was again sold in foreclosure of the second mortgage, aud
this company organized. The pref. stock has a preference of 7 per cent,
not cumulative. It is biased to the Long Island Railroad for 50 years
at 25 per cent of the net earnings of the whole L. I. RR. system, includ*ing its leased lines; but as to 1879-80 there wTas dispute as to what the
net tamings were.
(V. 30, p. 322, 600, 674.)
52 miles;
,
Buffalo Bradford A Pittsburg.—Sept. 30,1879, owned from Carrollton,
Completed in 1866, and leased to New
York Lake Erie & Western for 499 years. In Jan., 1875, it was consoli¬
N. Y. to Gileevllle, Pa., 26 miles.
•
825,000
1,800,000
2,500,000
5,500,000
m
A
A
A
A
N.
J.
A.
N.
A J.
A S.
N.
Dividend.
Nov. 15, 1880
Boston, at Office.
do
Stocks—Last
July 1, 1890
Oct., 1897
Oct., 1898
m
M. A
•
do
Jan., 1893&94
Y., Hatch A Foote,
Boston, at Office. '
do
do
New York.
Nov. 1, 1880
July 1, 1893
Sept. 1, 1917
S. N. Y., Gallatin Nat. B’k
Mar. 1, 1887
....
•
3ia
7
6 g.
7 g.
J. A J. New York, Erie Office.
N. Y., Erie Railway.
J. A D.
J. A D.
do
do
J. A J. N. Y., Farm. L. A T. Co.
Q.-M. Buffalo, F. A M. Nat. Bk.
Jan. 1,
Dec. 1,
Dec. 1,
1896
1880
1916
July 1, 1896
1908
....
....
....
....
F. A A. Phila., E.W.Clarke A Co.
A. A O. Phila., Manuf’rs’ N. Bk.
J. A J. Phila., E.W.Clarke A Co.
F. A A. Phila., Maimf’rs’ N. Bk.
M. A N.
Philadelphia.
7
7
7
7
7
....
Feb.
1, 1896
Apr. 1, 1882
July 1, 1890
Feb. 1, 1896
May 1, 1909
....
....
....
....
....
5
7 g.
6 g.
8
7
456,000
1,000
Gross
$1,139,864
1,352,564
943,800
1,500,000
5,500,000
6,500,000
m
M.
J.
F.
M.
J.
M.
7
250,000
1,000
1,000
1,000
Div.,p.c
$145,890
•
1,155,000
100
100 Ac.
Iut. A misc.
•
500,000
500 Ac.
100 Ac.
500 Ac.
30,1880, owned from New HavenConn., to Willimantic, Conn., 50 miles; leased Turuerville to Colchester’
4 miles; total operated, 54 miles. Formerly the New Haven Middletown A Willimantic. Road opened Aug. 13, 1873. The present company
derive their rights from purchase under foreclosure. In 1879 a pool¬
ing agreement (for 99 years and 8 months from Feb. 1,1879) was made
with tne N. Y. New Haven A Hartford RR., under which the B. A N. Y.
A.-L. received 6 per cent of the gross earnings of all lines operated, out
of which its operating expenses are paid. By arbitration in 1880 the
percentage was reduced to 5 per cent for five years. In 1879-80 gross
earnings were $274,177; net, 148,639. Common stock, $803,800;
preferred stock, $2,767,500. The old 7 per cent bonds were paid oft
Feb. 1,1881, at 105, and the 5 per cents issued instead. (V. 29, p. 621;
Y. 30, p. 66, 599; V. 31, p. 152, 357,381.588.)
a
696,000
o
1,500,000
580,000
67
67
367
57
55
90
144
157
m
•
6,375,000
1,000
leased in
4
Boston, at Office.
pal, When Due.
....
546,500
1,000
1.198.962
Attleborough,
A J.
7
3,000,000
....
Boston A New York A ir-Line. —Sept.
East
750,000
60,000
580,000
950,000
2,380,000
100
*1876
•
2,000,000
1,000
142
140
121
121
294
294
1,081,066
Boston A Providence
Where Payable, and by
Whom.
Payable
4
7
5
4
7
6 g.
500,000
1,203,000
■
57
•
4,000,000
.
Maine—Sept. 30,1880, owned from Boston, Mass., to Portland,
was
Bond#—Princi¬
WThen
J.
5
500.000
100
1873
1879
58
64
Me., 115miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballardville. 10 miles; Bradford to Newburyport and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. H., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less 3
miles leased. Mam liue one-third double track and all steel rail. Char¬
tered in 1839, and road completed to South Berwick in 1845 and to
Portland in 1873. From 1843 to 1873 the Portland Saco A Portsmouth
Railroad
Cent.
226,900
7,000,000
3,500,000
ioo
204
94.718
319.528
116,349
2
67,598
161,890
3
392,580
259,318
4
422,698
4,292
1.399,316
Dividends were 8 per cent up to close of 1873; 6*2 per cent in 1873-74*.
—(V. 28, p. 624; V. 30, p. 42; Y. 31, p. 482, 509, 557; V. 32, p. 39, 43.)
Boston A
[Vol. XXXII,
200,000
Payments
,
Rate per
$620,000
1879
one
Receipts.
$318,007
Outstanding
Value.
December. 1878, they were under separate managements until the B. A
Lowell leased the N. A L. for 99 years from Oct. 1, 1880, but the lease
was held invalid.
The B. A L. has made a contract with the Mass. Cen¬
tral to operate the latter road when completed.
Gross
Amount
Par
consolidated in 1879. A Nashua A Lowell, formerly
Surchased andthe Boston A Lowell and thejoint business was but from
between
Receipts.
$1,137,763
;
INTEREST OR DIVIDENDS.
or
between Boston A Lowell opened in 1835. The Lowell & Lawrence and
Salem A Lowell Railroads, operated for some years under lease, were
Years.
BONDS
by giving Immediate notice of any error discovered In these Tables.
Subscriber* will confer a great favor
DESCRIPTION.
AND
STOCKS
RAILROAD
XY111
AD. N.Y., Continental N. Bk.
A S.
New Yorir.
A O. N. Y., Central Trust Co.
A N.
Boston, Co’s Office.
A. A O. New York or London.
J.
M.
A.
M.
June 1. 1906
Sept. 1,
Oct. 1,
May 1,
Oct. 2,
1909
1920
1895
1901
....
....
dated with other roads under the title of
Pennsylvania A Erie Coal A
Railway Company. No further action, however, has been taken to carry
out the project.
Rental. 7 per cent on outstanding bonds, $40,600 a
year. Capital stock,
cent was paid.
$2,286,000.
In March, 1880,
a
dividend of 1
per
Buffalo New York A Erie.—October 1, 1880, owned from Buffalo, N.Y.,
to Corning, N. Y., 140 miles. A third rail for standard gauge rolling
stock has been laid down. Leased in 1863 to the New York A Erie for
490 years, aud now operated by the New York Lake Erio A Western
Co. Rental, $238,100—viz., 7 per cent on stock and bonds and $5,000
for organization expense. Dividends aud interest paid directly by the
lessees. Capital stock, $950,000, and funded debt, $2,380,000. iotal,
representing cost of road, $3,330,000.
Buffalo New York A Philadelphia.—Sept. 30, 1879, own eft from Buffalo,
N. Y., to Emporium, Pa., 121 miles. Consolidation (1871) of the Buffalo
A Allegheny Yalley, aud the Buffalo A Washington, and road completed
in 1872. At Emporium connects with Philadelphia A Erie. Gross earn¬
ings in 1S78-9, $954,682, and net earnings, $380,355. Capital stock.
$2,349,650. Cost of road and equipment, $6,734,454. (Y. 28, p. 252;
Y. 30, p. 16.)
Buffalo Pittsburg A West.—Jan., 1881, owned from Salamanca, N. Y.,
City, Pa., 100 m.; branch to Bradford, Pa., 20 m.; Oil City, Pa., to
Buffalo, N. Y., 140 m.; Union A Titusville Branch, 25 m ; and Titusville
A Oil City Railway, 9 miles; total length, 294 miles. This was a consoli¬
dation, Jan. 20, 1881, of the Pittsburg Titusville A Buffalo Railway and
other roads.
(See V. 32, p. 16,182.) The Pittsburg Titusville A Buffalo
was organized iu 1876 as successor of Oil Creek A Allegheny RR., which
was a consolidation embracing the Oil Creek and Warren A Franklin
roads.
(V. 30, p. 17, 67, 193, 519, 625 ; V. 31, p. 46, 96, 171, 330, 560 ;
V. 32, p. 16, 99, 101, 182.)
to Oil
Buffalo A Southwestern.—Sept. 30, 1879, owned from Buffalo to James¬
town’, N. Y., 67 miles. Formerly the Buffalo A Jamestown; reorganized
in 1877 after foreclosure. Iu July, 1880, leased to N. Y. Lake Erie A
West, for 99 years—at 35 per cent of gross earnings, but interest; on bonds
guaranteed. Gross earnings in 1878-9, $351,829. (V. 31, p. 122.)
Burlington Cedar
Rapids A Northern.—Juno 30, 1879, owned from
Burlington, Iowa, to Albert Lea, Minn, (including 11 miles leased), 252
miles; branches—Linn, la., to Postville, la., 94 miles; Muscatine, la ,t»
Riverside, la., 31 miles; Venton, la., to Hilland, la., 48 miles; Elmira,
la., to Iowa City, 10 miles; total operated. 435 miles. In 1880 also leases
and owns stock of Cedar Rapids Iowa Falls A N. W., Holland to Clarion,
Iowa, 55 miles; Organized as the Burl. Cedar Rapids A Minn., June 30,
1868, and main line opened to Plymouth 219 miles, and branches, 149
miles, to end of Sept., 1873. Default Nov. 1, 1873. Property sold under
foreclosure June 22, 1876, and given up to the purchasers July 1, 1876.
Bonds of the Cedar Rapids Iowa Falls A Northwestern road are endorsed
(on the bonds); they are redeemable at 105 after Oct. 1, 1890. Gross
earnings year ending June 30, 1880, $1,863,472, against $1,387,962
in 1879; net $678,608, against $437,304.
Interest liability, $335,513,
all paid.
In calendar year 1880 net earnings were $709,757, against
$550,142 in 1879. The company guarantees $456,000 of bonds issued
for the construction of the Iowa City A Western Railway. They also
guarantee $150,000 of Minneapolis A St. Louis bonds. (V. 29, p. 224,
250, 432, 562; V. 30, p. 17, 221; V. 31, p. 122, 228; V. 32, p. 69, 154.)
Burlington A Southiccstem— Juno 30, 1879, owned from Viele, la., to
La Clede, Mo., 142 miles; leased—Viele to Burlington, 25 miles; Bloom¬
field to Moulton, 14 miles; total operated, 181 miles. There is also
a
mortgage of $1,600,000 7 per cent gold bonds, due 1892, on
the Linuous branch, 53 miles,
aud a second mortgage of $88,000
8 per cents on the main line.
Gross earnings, 1878-79, $206,704;
expenses and taxes, $199,187; net earnings, $7,517. Capital stock,.
$1,793,700; funded debt, $3,488,000; receiver’s 7 per cent certificates
(for extension 22 miles iu Missouri), $200,000, and a large amount of
limiting debt.
Default made Nov. 1, 1873, and property still in bands of
(V. 29, p. 300; V. 31, p.
Receiver, awaiting final decree of foreclosure.
557, 606.)]
Cairo A St. Louts.—Dec. 31, 1879, owned from Cairo, Til., to East St..
Louis, El. (3 ft. gauge), 147 miles. Opened through, March 1,1875.
Default made Ain-il 1, 1874, and Receiver appointed Deo. 6, 1877.
Deficit in 1878, $9,914. Surplus in 1879, after deducting deficit of
previous year, $4,373. Capital stock, $4,565,000.
Large amounts of
county and town subscriptions remain unpaid, aud suits, so far, have
resulted adversely to company. (V. 28, p. 451; V. 29, p. 1.7, 40; V. 30r
p. 464.)
Cairo A Vinceyuies.—June 30,1880, owned from Cairo, Ill., to Vincen¬
Ind., 157 miles. Chartered March 6, 1867, and completed Dec.
16, 1872. Defaulted in 1873. Sold Jan. 5, 1880, and bought in for
account of bondholders for $2,000,000, subject to Receivers’ certificates
and claims for labor, Ac. The reorganization has been made with stock
as above, of which $2,000,000 is preferred, issued for arrears of interest
and Receiver’s certificates, and the balance is common stock issued
nes,
for the old bonds.
(V.
558, 672; V. 32, p. 182.)
29, p. 40; V. 30, p. 43, 341; V. 31, p. 68,179,
February,
RAILROAD
1861.]
Snlwerlkert will confer a great favor
explanation of column headings, Ao., soe notes
fir st page
on
of tables.
California Pacific—1st mortgage, gold
2d mortgage, endorsed by Central Paoiflc
3d inert., guar, by C. P. ($1,000,000 aro 3 p. c.) .
Camden dt Atlantic—Stock ($880,650 of it pref.)—
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1879
Camden dt Burlington Co.—1st mortgage
Canada Southern—Stock
Now mort., interest guar., (for $14,000,000)
Carolina Central— 1st mortgage, gold, coupon
bonds, coupon
Catweiasn.—Common stock
Income
preferred stock
Old preferred stock
1st mortgage bonds
Chattel mortgage bonds
New
by giving Immediate notice of any error
Miles
of
Road.
139
139
139
67
60
31
100
291
242
242
93
Date
Size, or
Par
of
Bonds Value.
1869
1871
1875
93
64
....
mortgage
Cayuga dt Susquehanna—Stock
Cedar Falls dt Minn.—Bonds on 1st div., sink. fund.
Bonds on 2d division, sinking fund
Cedar Rapids dt Missouri River—Common stock—
Preferred stock, 7 per cent
1st mortgage
1st mortgage
1st mortgage
Central R. R. dt Bank, Ga.—Stock
General mort. “tripartite” bds ($5,000,000) coup.
Central Iowa—1st mortgage
Income bonds, “ debt certificates,’* payable at will
Central of New Jersey—Stock
Mortgage bonds
Bonds (convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
93
35
14
61
274
70
58
146
708
620
189
....
74
97
cumulative)
Newark A New York, 1st mortgage
Income bonds, reg., (not
....
7
California Pacific.--Dec. 31. 1879, owned from
1853
1854
1867
500 Ac,
100
....
1878
1,000
1874
1,000
50
50
50
500
500 Ac.
500 Ac.
100
500 Ac.
500 Ac.
100
100
500 Ac.
500 Ac.
500 Ac.
100
....
1863
’60-8-9
1870
....
1864
1866
....
1861
1863
1866
....
1872
1879
*
....
1869
1872
1874
1878
1867
500 Ac.
500 Ac.
100
1,000
100 Ac.
500 Ac.
1870.
Capital stock, $12,(XX),000; funded debt, $6,850,000; bills payable,
$1,272,643; and other liabilities, accounts, Ac., $258,054; total liabili¬
ties, $20,3.80,618* Extension bonds of $3,500,000 and incomes of
$1,000,000 were in default, and the new bonds of 1875, guaranteed by
Central Pacific, were issued in place thereof. Interest charges were thus
largely reduced by exchange of old bonds for the present lower-rate
bonds. Third mortgage (1875) bonds are guaranteed by the lessees.
Camden d■ Atlantic.—Doc. 31,1879, owned from Camden, N.J., to Atlan¬
tic City, N. J., 60 miles; branch, Egg Harbor City to May’s Landing, 7 m.;
total, 67 miles. Earnings and expenses for three years past have been :
Years.
Earnings.
Expenses.
Profit.
$172,042
1877
$477,483
$300,449
1878
399,061
277,848
121,213
1879
495,472
293,345
202,127
The preferred stock is entitled to 7 per cent if earned, and to as high a
Tate as paid to common stock if more than 7. A scrip dividend oL 3*2
per cent was paid in 1880 on common and pref. stock.
(V. 30, p. 518.)
Camden dt Burlington County.—January 1,1880, owned from Camden,
N. J., to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount.
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad A Canal Company’s lines.
Lease rental, $44,415,
being 6 per oent on stock and bonds, and $500 for organization expenses.
Capital stock $381,925 and funded debt $350,000; total, being cost
of property, $731,925. Dividends in January and July.
Canada Southern— December 31,1879, owned from Viotoria, Ont., to
Amherstburg, Out., 229*2 milos; branch, St. Thomas, Ont., to Courtright, Ont., 62*2 miles; total (original line, all steel), 292 miles;
and miles absorbed on reorganization—Erie & Niagara, 28 *2 ; Sarnia
Chatham A Erie, 7; Canada Southern Bridge A Feny, 3 ; Toledo Canada
Southern A Detroit, 55, and Michigan Midland A Canada, 15; total of
all lines, original and acquired, 400 miles. Besides these the Chicago
A Canada Southern, 67 miles, was operated up to November 1, 1879.
The average operative length of road for 1879 was therefore 456 miles.
The Canada Southern was chartered February 28,1868, and the whole
road opened in November, 1873. Default was made soon after, and a
reorganization forming the existing companies was completed in 1878.
Interest on the new bonds issued by the company is guaranteed by the
New York Central Railroad Company for 20 years; the principal is not
guaranteed. During the year 1879 great improvements were made on
the lines a new ferry boat purchased, and 31 engines and 1,100 freight
cars added to the equipment.
The income account for three years was
as follows (December being partly estimated in 1880):
1878.
1879.
1880.
Gross earnings
$2,480,873
$2,995,366
$3,717,277
2,070,258
2,448,091
2,393,051
Expenses
$410,615
$547,275
$1,324,226
$57,187
earnings
$155,823
$904,226
353,428
Surplus.....
420,000
391,452
oxponscs in 1879
for renewals. The total
bonds authorized is $14,000,000, of which the company,
$235,332 ohargod to
amount of new
after providing for all claims, held a reserve of $191,583. The
carried interest at 3 per cent till 1881 and 5 per cent for the other 27
years; the interest charge, therefore, will'hereafter be $700,000 per
annum.
A bondholder’s suit on old bonds was decided in his favor.
bonds
-(V. 30, p.116, 141,600; V. 31, p. 258, 672.)
Carolina Central—March 31, 1880, owned from Wilmington,
N. C., to
Shelby, N. C., 242 miles. Formerly Wilm. Char. A Rutherford, chartered
in 18o5. Succeeded by existing company after foreclosure May 3, 1873.
Opened to Shelby in Ser>t., 187o. Defaulted, and Receiver placed in pos¬
session April 5, 1876. Sold in foreclosure May 31, 1880, for $1,200,000.
Earnings in 1873 79, $420,765; expenses, $256,806; protits, $163,959.
In 1879-80, gross, $-166,519; net, $189,269.
The funded debt was
$6,000,000; total (cost of property), $10,202,000. Wilmington Bridge
bonds, $200,000, at 7 per cent, guaranteed by company and acknowl¬
edged by Receiver.
(V. 30, p. 384, 600, G22; V, 31, p.
63.)
Calawissa.—Deo. 31, 1879, owned from Tamanend, Pa., to Williams¬
port, Pa., 93 miles; branch, Summit Station to Silver Brook, 4 miles;
total operated, 97 miles. ^ Chartered as Littlo Schuylkill A Susquehanna
in
1831;
name
changed to Catawissa Williamsport A Erie In
under present name in
Road opened Deo. 18, 1854. Reorganized
Leased from Nov. 1, 1872, for 999 years
184 9.
1859.
to Philadelphia A Reading.
per oent of gross earnings and $8,000 a year for oorupahy
Funded d*bt iR also assumed by lessees. Seven per oent is
(piArantead on the preferred stools*
Rental, 30
C‘xpen«f>s.
.
.
Where
Payable, and by
Whom.
Stocks—Pne*
Dividend.
-
.
1875-960.
2,332,000
7,500,000
3,750,000
3,700,000
F.
M.
J.
J.
J.
A.
629,000
2*2
IS,563,200
A
A
A
A
A
A
A.
N.
D.
J.
J.
O.
Q.-J.
5,000,000
1,000
1,000
South Vallejo, Cal., to
Payable
7
7
3
7
7
7
582,000
1,000
1880
When
Cent.
....
1,000
1873
Rate per
.
1,000
1,000
miles. Consolidation (December 23, 1869) of California Pacific, and
C. P. Extension companies. These lines were built by a construction
company, and turned over to the existing company January 19,
Leased for 29 years, from July 1, 1876, to Central Pacific. Minimum
rental (coin), $.550,000 per annum, and in addition three-fourths of net
earnings in excess of that amount. General account (Jan. 1, 1880)—
Net
Bonds—Princi¬
pal,^When Due.
7 g. J. A J. N. Y.,Eugene KellyA Co. Jan. 1, 1889
1891
6 g. J. A J. N. Y., Nat’l Park Bank.
1,600,000
July, 1905
,T. A J. N. Y., Cent. Pacific RR.
3 A 6
3,000,000
Camden, Co.’s Office. April 19,1880
1,258,050 3*2 on pf.
Jan.. 1893
7 g. J. A J. Phila.. Farm. AM. B’k.
490,000
do
do
A. A O.
Oot., 1, 1904
6
497,000
1897
Phila.. Penn. RR. Go.
F. A A.
6
350,000
N. Y., Grand Cen. I)ep. Feb. 1, 1881!
2*2
15,000,000
Jan. 1, 1908
J. A J. N. Y., Union Trust Co.
5
13,497,311
6 g- J. A J. N. Y. Otlice, 4 Broad st. July 1, 1923
3,000,000
do
do
A. A 0.
April 1, 1914
7
3,000,000
1,159,500
M. A N. Philadelphia Co.’s office Nov. 18, 1880
3*2
1,000,000
Nov. 38, 1880
do
M. A N.
3*2
2,200,000
F. A A. Pliila., Phila.A Read.Co. Feb. 1, 1882
7
230,500
3 888 to 1900
do
do
Various
5 A 10
209,850
Feb. 1, 1900
do
do
F. A A.
7
1,300,000
J. A J. New York. 44 South st. Jan. 1, 1881
4*2
589,110
A. A 0. N.Y.,J. S. Kennody A Co April 30,1884
7
198,000
Jan. 2, 1907
do
do
J. A J.
7
1,334,000
Feb. 1, 188 L
1
Boston, Treasurer,
6,850,400
Q.-F.
Feb. 1, 1881
do
do
F. A A.
3*2
769,600
F. A A. N. Y., Nat’l Park Bank, Aug. 1, 1891
7
700,000
500
50
Sacramento, Cal., 61 miles; branches—Napa Junction to Calistoga, 35
miles; Davievi lie to Knight’s Landing, 19 miles; total operated, 115
Interest accrued
discovered In these Tables.
$2,250,000
1,000
....
359
....
Amount
Outstanding
$1,000
....
New
,
XIX
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
AND
STOCKS
7
4,400,000
15.000,000
2,450,000
600,000
7
F. A A.
M. A N.
7
7
7
M. A N.
J. A J.
Q.-J.
Aug. 3, 1894
do
do
Savannah, Ga.
do
do
May, 1916
Doe., 1880
N.Y.,Nat.City Bk.ASuv.
New
York, Office.
do
do
New York, at office.
do
do
do
do
do
do
v
do
do
New York, at office.
Jan.
3, 1893
July 15. 1899
3 mos. notice.
April 10, 1870
1890
Nov., 1902
July 1, 1899
May 1, 1908
1887
Cayuga dt Susquehanna.—Dec. 31, 1879, owned from Owego, N. Y., to
Cayuga Lake, N. Y., 35 miles. Chartered as Ithaca A Owego in 1828
and opened in 1834. Reorganized as Cayuga A Susq, in April, 1873.
Leased in perpetuity to Del. Lack A Western, Jan. 1, 1855, at a rental of
$54,600 a year. Dividends on capital, 9 per cent per annum. Capital
stock (cost of road to present owners), $589,110.
A considerable defioit
to the lessees occurs
from year to year.
owned from Waterloo, Ill., to Minn.
Line, 76 miles. Completed in 1870. Leased to Dub. A Sioux C. for 40
years from Jan. 1, 1867, at $1,500 per mile as a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per cent or any excess over $7,500 per mile. Lease transferred
to Illinois Central, October 1, 1867.
Capital stock, $1,587,000, and
funded debt, $1,587,000. Total (cost of road), $3,174,000. A sinking
fund of 1 per cent per annum is provided. (V. 30, p. 90.)
Cedar Rapids & Mo. River.—July 1, 1880, owned from Cedar Rapids,
la., to Mo. River (opp. Omaha), 272 miles; brauch, Clinton, la., to Lyons,
la., 2 miles; total operated, 274 miles, of which 214 miles steel rails.
Chartered in 1855 and completed in 1866. Leased to and operated by
Chic. A N’west. Rental, $700 of the first $1,500 of gross earnings per
mile; 33ia per cent of next $3,000 per mile, and 20 per cent of any
excess over $1,500 per mile.
Gross earnings year ending Mch. 31,1880,
Cedar Falla dt Minn— Dec. 31,1879,
State
$2,742,742; gross earnings per mile, $10,010. Quarterly dividends, each
of 1 per cent, have been paid for several years on common stock, and
semi-annual dividends, each of 3*2 per cent, on preferred stock.
Central of Georgia (it Bank).—Aug. 31, 1879, owned from Savannah,
Ga., to Atlanta, Ga.. 294*2 miles; branch, Gordon to Milledgeville, 17
miles; leased—Augusta A Savannah, 53 miles; Eatoutou Br. Railroad,
22 miles; Southwestern Railroad and branches, 310 miles; Upson
County Railroad, 17 miles; total operated, 714 miles. In January,
1880, purchased the former Savauuah A Memphis road—Opelika to
Goodwater, 60 miles—for $700,000. Consolidation (December 1,1872)
of the Central and the Macon A Western. The principal leased line is the
Southwestern and branches (310*2 miles).
The company owns large
interest in connecting lines and in the Ocean Steamship Line of Savannah.
Traffic Earnings.-—,
^-Payments from Not Eamingn-v
Years.
Gross.
Leases.
Interest.
Divicrds.
Net.
$
$983,541 $493,586 $285,444
$2,601,542
,
2,409,092
826,925
439,596
2,675,318
1,093,967
1,181,906
439,631
439,652
255,412
279,178
272,428
1,508,652
439,666
267,732
2,781,654
3,144,102
187,500
375,000
375,000
are joint owners of
foreclosure sale in
April, 1875. The “tri-partite” bonds are issued jointly by this company,
the Macon A Western and the Southwestern.
(V. 27, p. 381 ; Y. 29, p.
655; V. 30, p. 143; V. 31, p. 381, 401; V. 32, p. 44.)
Central Iowa.—June 30,1879, owned from Albia, la., to Northwood, la.
189 miles; Muchakinock Brauch. 2 miles; total operated, 191 miles.
Chartered as Central RR. of Iowa and opened in 1871. Defaulted and
placed in hands of a Receiver in 1873. Reorganized under present title,
June 18, 1879, after foreclosure sale under first mortgage July 18, 1877
Gross earnings in 1878-79, $715,563; net earnings, $160,545. In ’79-80,
This company and the Georgia Railroad Company
tho Western Railroad of Alabama, purchased at
gross
earnings, $889,468; net, $452,901.
The new stock issued i%
$2,1(X>,000 common; 1st pref., $307,000, and 2d pref.,| $1,167,800,
given for the old 2d mortgage bonds. In February, 1880, tho inooma
bonds were issued to first mortgage bondholders in payment of four
years’ net earnings, and are payuble by the company on three months'
notice.
(V. 30, p. 168, 191, 221, 248, 433. 518, 433; V. 31, p. 20, 115,
259; Y. 32, p. 205.)
Central of New Jersey.—Dec. 31, 1S79, owned from Jersey City, N. J.,
to Fhillipsburg, N. J., 73 miles; branches, 57 miles; leased—in ST. J., 50,
and in Penn., 215; total operated, 395 miles. The principal leased lines
in Pennsylvania are the Lehigh A Susquehanna aud the Lehigh A Lack.,
with their branches, Ac. The main line from Elizabeth to Piiillipsbnrg
was opened in July, 1852, and extended from Elizabeth to Jersey City
in 1864. The Long Branch division was opened in September, 1875.
The lease of the Lackawanna A Siisquehauu Railroad is dated March 31,
1871, and is virtually a consolidation agreement, the lessee* having pur¬
chased tke rolling stock. In February, 1877, the property was placea in
the hands of a receiver, and on April 1,1877, default was made on con¬
Reorganization followed [8ee soheme, V.
Of the $11,500,000 Lehigh A
WOkesharre Coal bonds, $6,116,000 are held by Central of New Jersey
aud are deferred, having no claim for interest till all other bonds are
satisfied. No satisfactory report has been issued-sinoe 1878. In Feb¬
ruary, 1881, Messrs. Jay Gould and Sidney Dillon wereeleotod directors.
The Delaware A Bound Brook RR., opened May 1, 1876, connects tbi*
road with the North Pennsylvania RR. aud forms a route between New
York City aud Philadelphia. It was leased in 1879 to Philadelphia A
Reading RR. Tim American Dock A Improvement Company, which is
virtually owned by the railroad company, issued a mortgage in 1877
to secure its bonds.
The operation* of the Now Jersey Central only,
exclusive of leased lines, showed gross earnings of $1,317,218 and net
earnings of $1,371,580 in 1879, against $3,611,626 gross and $t,315j37&
net in 1878.
Gross revenue on ail lines has been as follows .*
solidated mortgage interest.
26,
p.
215], and has been a success.
•
great favor by giving
Subscribers will confer a
explanation of column headings,
on first page of tables.
18743659.
Miles Date
of
of
Road. Bonds
&c., see notes
Central of New Jersey—(Continued)—
Lehigh A Wilkesbarre Coal Co., prior liens
do
Consol mort
do
L. A W.B. Coal Co., inc’me bds, rg. (not cum’lat’e)
Am. Dock A Imp.Co. bonds, guar. Cent.of N. J
Adjustment mort. (redeemable any
Central Ohio—Common stock
•
f. $100,000)
C. P., mortg. on C. & O. Br. (s. f. $100,000)
San Fran. 0. & A., 1st M. (s. i. $100,000)
mortgage, gold, "A”
do
do “B”
2d mortgage, currency (income
funding bonds...
1st
Old mortgage, (Va. Cent.
Cheshire—Stock, preferred
Bonds, not mortgage
Chicago <6 Altonr—Common
bonds)
•
•
.
•
1869
1869
1868
1872
1870
•
•
•
Net
Earnings.
Earnings.
$8,881,366
8,609,276
$4,065,782
4,468,675
3,282,910
$1,150,304
1,128,434
1,059,549
3,188,469
2,484,846
2,302,770
983,113
706,345
699,134
1,970,000
.
6,000,000
2,000,000
1,000
1,000
1,000
1,000
1,000
2,350,000
1,000
100 Ac.
100 Ac,
2,000,000
15,000,000
10,000,000
918,000
2,153,300
806,000
10,065,300
2,425,400
4,379,850
2,363,000
....
1,000
1,000
....
....
677
649
322
220
.
.
.
.
.
1873
1863
100
500 Ac.
100
100
1,000
1,000
Earnings
Interest.
Leases.
„
500 (fee.
■
Paid from Net
Gross
„
500 Ac.
..
General
1st mortgage
.
687,000
6,530,000
3,285,000
1,807,500
500,000
500,000
300,000
•
•
1,000
1878
•
434
434
•
2,616,000
1869
1872
1871
1869
195
23
21
.
25,883,000
1,500,000
6,080,000
25,885,000
1,000
1,000
1,000
....
....
3
6
3
6
7
6
6
6
6
6
6
8
$868,059
807,406
658,243
675,609
563,114
734,500
,
Dividends.
$1,600,000
Where
When
g.
g.
g.
M.
J.
M.
J.
J.
M.
A.
J.
J.
A.
J.
&
A
&
A
A
A
A
Slocks—Last
Dividend.
May 1, 1903
J. Balt., at B. A O. office.
do
do
J.
do
do
S.
O. N. Y. A San Francisco.
N. Y., Fisk A Hatch.
J.
A J. Sacram’o 8tate Treas.
A 0.
A J.
N.
A J.
N.
Y., Fisk A Hatch.
g.
g.
J.
J.
J.
A.
M.
U. S. Treasury.
N. Y., Fisk A Hatch.
A J.
New York A London.
A J.
A J. N. Y., Cent. Pac. Office.
N. Y., Fisk A Hatch.
A O.
A N.
J.
A J.
....
7
7
7
7
6 g.
6 g.
6 g.
6
6
1*2
6
4
4
6 g.
7
A. A O.
A.
J.
J.
A.
M.
J.
J.
J.
J.
M.
M.
J.
J.
A O.
AD.
A J.
A O.
A N.
A J.
A J.
A J.
A
A
A
A
A
Sept., 1890
Feb. 1, 1881
1895 to ’98
July 1, 1884
Oct. 1, 1900
July 1, 1899
Y„ Fisk A Hatch.
J.
Ig-
Jan. 31, 1881
Jan. 31, 1881
1895 to ’98
U. S. Treasury.
g.
1899
Jan. 1, 1888
Jan. 1, 1892
July 1, 1890
Oct. 1, 1890
May 1, 1888
N. Y., Nat. Park Bank. Jau. 1, 1895
Jan. 1, 1910
do
do
Philadelphia, Penn R.R. Oct. 1, 1901
N. Y.,Del. A Hud.Can.Co. Deo. 15, 1899
N. Y., Fisk A Hatch.
July 1, 1898
do
do
July 1, 1908
do
do
July 1, 1908
do
do
July 1, 1918
1884
N. Y., Company’s Office.
Jan. 10, 1881
July 1,»80A’96
N.Y., Jesup, Patou A Co. Mar. 1, 1881
Mar. 1, 1881
do
do
S.
J. Lond’n,J.S.Morgan ACo. July 1, 1903
Jan.. 1893
J. N.Y., Tesup, Paton A Co.
Boston.
do
J.
8.
Total am’t.
Acres sold.
1873...
1874...
1875...
2,013,125
515,000
do
do
do
do
J.
N.
1,1870, to Dec. 31, 1872...
2,000,000
Whom.
Payable
Years.
Oct.
pal,When Due.
payable, and by
Q.—M. N.Y.—Cent. RR. of N. J. June 1, 1900
do
do
A N.
May 1, 1888
3*2
2,500,000
54,275,500
100
i*95
•
100 Ac.
50
50
1,000
64
cumulative)
mortgage, sterling, for £900,000
1,000
1865-8
1864
1870
7
7
7
7
7
11,500,000
1,200,000
3,000,000
5,550,000
2,437,950
411,550
100 Ac.
•
Rate per
Cent.
$4,500,000
1,000
1870
3 878
•
stock
Outstanding
1878
•
RR.) coupon
Preferred st’ek (7 t>. c. y’rly not
7,411,637
6,983,173
5,753,413
5,589,526
•
bonds
income bds.($6,000,000), skg.fd.,10 p.c.per ann’m
Charlotte Columbia <& Augusta—1st mort. consol...v
2d Mortgage
Chartier8—1st mortgage
Cherry Valley Shar. & Al.—1st mort. lien on road.
Years.
•
•
•
137
137
137
2180
742
50
146
742
158
123
152
152
20
Government lien
Chesapeake<& Ohio—Purcli. money
Amount
par
Value.
....
bonds
Central Pacific—Stock
1st mort., gold, (2 sinking funds, $50,000 each)..
California State aid, gold (a. fund, $50,000)
lstm.8. Joaq’n Val. Br., gld(s.f. $50,000)
U. S. Loan, (2d lien on certain terms)
Western Pacific, 1st mort., gold, (s. f. $25,000)...
Land grant mortgage
•
•
time at par)..
Oregon, 1st M., gold, guar., (8.
Size, or
$....
1st mortgage
Cal. A
discovered in these Tables,
Bonds—Princi¬
immediate notice of any error
1875
Preferred stock
do
[Vol. XXXII.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS AND BONDS
KAILROAD
XX
1876...
1877...
1878...
1879...
.
.
.
.
.
.
.
.
122,765
58,733
63,846
29,254
36,503
92,647
Av. ver acre.
$484,227
410,314
388,824
163,725
275,400
$3 94*2
1,203,870
99*4
'
78,100
43.258
643,776
201,716
7
6
5
7
12
8
5
00
09
60
54
2423/yg
22*2
51 0. 563
; V. 30,
6,730,980
2,635,586
—(V. 28, p. 00, 121, 477, 623 ; V. 29, p.95, 405,434.
—(V.27, p. (j51 ; V. 28, p. 120, 223, 476, 578 ; V. 29, p. 197, 657 ; V. 30, p. 248, 5K: V. 31. p. 151, 428 535, 558, 652, 672; V. 32, p. 69, 93,
p. 272, 408, 566 ; V. 32, p. 205.)
121, 154, 199.)
Central Ohio.—July 1, 1880, owned from Bellaire, O., to Columbus, O.,
Charlotte Columbia cC A ugusta. —Sept. 30,1879, owned from Charlotte,
137 miles. Chartered in 1847 and opened in 1854. Reorganized in
1865. Leased to the Baltimore A Ohio, for 20 years, Nov. 11, 1866; N. C., to Augusta, Ga., 195 miles. Consolidation (July 9,1869) of the
rental, 35 per cent of gross earnings. Pel). 23, 1880, the lease was Charlotte A South Carolina and the Columbia A Augusta, the first
extended to Dec. 1,1926, with the option of renewing for terms of 20 opened in 1852 and the latter in 1867. The road has been under the
years perpetually.
Gross earnings in 1878-79, $846,512; net earn¬ control and management of the Richmond & Danv. since 1878. Gross
ings, $272,700. Lease rental (35 per cent), $296,279. Loss to lessees, earnings in 1878-9, $478,491; net, deducting taxes, $232,669, against
Interest
addition
$23,579. In 1879-80 gross earnings were $1,003,565; net, $311,454 ; $152,228 in 1877-8. $189,500 paid, $192,142. There are, inbonds yet
of old Columbia A Augusta
lease rental, $351,247.
The road between Newark A Columbus (33 to the above bonds,
miles) is owned jointly with the Pittsburg Cincinnati & St. Louis RR. outstanding, due in 1890. Stock issued, $2,480,000. (V. 27, p. 280; V.
28, p. 96; V. 30, p. 271.)
Co. (V. 30, p. 544.)
Central Pacific.—Dec. 31,1879, owned from San Francisco, Cal., to
Cliarticrs.—Dec. 31,1879, owned from Mansfield, Pa., to Washington,
Ogden, Utah, 883 miles, and auxiliary lines, 330; total, 1,213 miles; Pa., 23 miles. Chartered as C. Valley in 1853 and opened in 1856.
operated under lease or contract—the Southern Pacific, 732; California Sold under foreclosure, and reorganized in 1871. Leased for 99 years
Pacific, 115, and others,304; total, 1,147 miles; total length of road from January 1, 1872, to the Pittsburg Cincinnati & St. Louis; the
rental is net earnings. Gross earnings in 1879, $84,660; net income,
operated and accounted for Jan. 1,1880, 2,360 miles.
This was a consolidation (August 22, 1870) of the Central Pacific, $24,749. Interest, $35,000. Capital stock, $648,302, and funded debt,
California A Oregon, San Francisco A Oakland, San Francisco A Alameda $500,000; total liabilities, $1,148,302. (V. 28, p. 377; V. 30, p. 382.)
and San Joaquin Valley railroads. In connection with the Union Pacific,
Cherry Valley Sharon rf Albany.— Sept. 30, 1879. owned from
the Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), and there connects with the lines east¬ Cobleskul, N. Y., to Cherry Valley, N. Y., 21 miles. Chartered in 1869
ward. Construction was commenced in February, 1863, and the main and opened in 1870. Leased on completion to Albany A Susquehanna.
line (Sacrampnto to Ogden) opened May 10, *.S69. The Union Pacific Sold to Delaware & Hudson Canal Co. for $320,119. Rental $21,000 a
was completed on the same day.
The prices of stock and monthly earn¬ year. Capital stock, $387,650, and funded debt, $300,000.
ings have been as follows:
Chesapeake & Ohio.—Sept, 30, 1880, owned from Richmond, Va., to
Prices of Stock.
.
,
Monthly Earnings.
Huntington, W. Va., 428 miles; branches 9 miles; total operated, 437
1880.
1881.
1879.
1880.
1881.
miles. Consolidation of Virginia Central and Covington & Ohio, and
January... 87 - 81*4
98*4- 86 $1,089,166 $1,200,614 $1,498,000 onened through March 1,1873. Extension to deep water (seven miles)
February.. 8438- 80*s
1,056,691 1,070,487
completed in Dec., 1873. Defaulted in 1873 and (Oct.9, 1875) Receiver
1,280,272 1,373,438
March
83*2- 76
appointed. Sold under foreclosure April 2, 1878, for $2,750,000, and
April
80 - 72
1,406,600 1,356,716
reorganized under present auspices. The annual report for 1879-80 was
May
72 - 63
1,579,591 1,778,488
published in V. 32, p. 154, and the President, Mr. C. P. Huntington, said
June
73 - 65
1,443,088 1,724,950
in his report, after referring to the extensions and improvements in
July
74*2- 69
1,458,833 1,840,067
progress : “ The financial condition of jrnur company is good. Before
August..... 78*4- 73*2
1,556,457 1,973,438
any considerable amount of money will be required to meet the interest
September. 76 - 71*2
1,649,429 1,964,997
on its bonds,
the whole line of road will bo laid with steel rails,
Ootober.... 793*- 72
1,809,022 2,120,229 ..
well equipped with rolling stock, and the track thoroughly 'bal¬
November
86*2- 7834
1,488,142 2,154,000
lasted, and, most of the way, with broken rock. Bonds falling due
December. 97*2- 81
1,335,870 1,853.000
within the next five years, amounting to $840,407 (many of which bore
The brief income account for the last six months of 1880 (V. 32, p. 69)
8 per cent interest), have been called in and paid with the proceeds of
showed gross revenue from all sources of $12,566,230 and simple s over
twenty-year 6 per cent bonds, which have been sold at considerably
all oharges of $2,216,230; of this the dividend of Feb., 1881, took $1,778,above par.” Earnings and expenses were as follows:
265. Earnings and dividends for several years have been as Allows:
Net
Gross
Operating
Ave,
Gross
Operating
Divi lend
Net
Earnings.
Expenses.
Earnings.
Years.
Earnings.
Accounts.
to otccP’.
Years. Miles.
Earnings.
$245,850
$1,214,340
$1,460,190
1873-74
1873.. 1,221
$12,863,953 $4,969,272 $7,894,681 $1,628,265(3)
346,868
1,112,321
1,459,189
1874.. 1,216
5,268,132
8,342,899
2,713,775 (5) 1874-75
13,611,631
356,476
1,245,036
1,599,512
1875.. 1,293
5,427,550(10) 1875-76
15,165,082
6,487,200
9,177,882
339,308
1,363,225
1,702,533
1876.. 1,425
16,996,216
7,857,211
9,136,005
4,342,040(8) 1876-77
341,621
1,594,739
1,936,360
1877.. 1,783
7,774,418
16,471,144
8,696,726
4,342,040*8) 1877-78
,
,
.
1878.. 1,941
17,530,858
17,153,163
8,780,312
10,207,862
1879.. 2,178
Leased lines rentals in 1879 arc
1878 they were included for six
included in operating expenses, but
months only.
31, 1879.
Capital stock
GENERAL BALANCE DEC.
tR. A appurtcnances.$135,021,029
oiling stock
8.030,468
Real estate A build'as
2,549,297
2,226,428
982,184
1,021,363
5,423,693
540,966
Funded debt
Bills payable
Other liabilities
Current accounts
Profit and lose
1.891,542
in
Under the
1,507,332
2,514,245
1878-79.
1879-80
8,750,546
6,945,300
1,945,018
reorganization tho stocks are as
384,209
669,227
follows; Capital stook,
$15,906,138; preferred stock—first. $6,347,803; second.
$7,646,315. The “B” bonds take interest in first preferred stock till
$54,275,500 November. 1881; in 1881-82 3 per cent cash and 3 per cent stock; in
57,030,000 1882-83 4 per cent cash and 2 p. ct. in stock, and thereafter all cash. The
common,
4,212,960
second mortgage currency
bonds till July, 1884,
take interest in second
preferred stock, then for two years partly in that stock and partly cash,
and afterwards all cash, if the earnings are sufficient—" all interest not
15,3S2,53S paid in cash to be paid in second preferred stock.” (V. 28, p. 41, 172,
502, 525; V. 29, p. 17, 66, 670; V. 30, p. 141, 248; V. 31, p. 204, 405,
United States subsidy
bonds
27,855,680 483, 509, 652; V. 32, p. 154.)
Cheshire.—Sent. 30,1879, owned from South Ashbumham, Mass., to
Sinking funds
4,068,662
$161,353,739 Bellows Falls, vt., 54 miles; leased. South Ashburnham to Fitchburg, 10
Oth’r prop’ty & assets
1,489,644
miles; total operated, 64 miles. Opened in 1848. $51,000 rental paid
$161,353,739
to Vt. & Mass, for leased portion of road. Gross earnings in 1878-79,
Interest on bonds, $3,667,885. The annual report for 1879 was in the $187,449; net earnings, $87,754. Dividend, 1*2 per cent. Capital stosk
Chronicle, V. 31, p. 151. The land department makes the following
com S on, $53,300, and preferred, $2,100,000; floating debt, $25,703,
exhibit: Total grant from the United States (12,800 acres per mile), and profit and loss, $33,808 ; total liabilities, $3,043,811. Per contra
7,997,600 acres; grant to the California A Oregon Railroad, 3,724,800 —Road and equipment, $2,717,535; materials, $141,110; and cash
acres; total, 11,722,400 acres.
The .anils have been sold mostly on five and cash assets, $185.165; total property and assets, $3,043,811. New
years’ time, with a cash payment or 20 per cent at time of purchase. 6 per cent bonds for $586,000 authorized to redeem bonds of 1880. (V.
In Januar', 1881, the trustees called for $400,000 bonds. There had
27, p. 537; V. 30, p. 518.)
been sold *rior to the execution of the land mortgage, October 1,1870,
Chicago <C- Alt<m.- Dec. 31,1879, owned from Joliet, Ill., to East
127,6371
$295,065,
:
Materials and fuel
Stocks and bonds ....
Bills receivable
Aocounts
Cash on hand
...
1,131,605
1.465,455
—
vrea
for
and since that date as follows
St*
February,
RAILROAD
1881.]
Subscribers will
DESCRIPTION.
For
explanation of column
on
by giving immediate notice
confer a great favor
Date
Size, or
Miles
Par
of
of
Road. Bonds Value.
headings, &c., see notes
first page of
tables.
Chicago <& Alton—(Continued)—
Income bonds
Joliet <& Chicago, 7 per cent, stock
do
do
1st mortgage, sinking fund....
St. Louis Jack. & Ch., 1st mortgage
do
do
1st M. endorsed by C. & A.
do
do
2d M. endorsed by C. & A.
2d mortgage
Louisiana & Missouri, 1st mortgage
do
do
2d mort.(mt. guar. C.
220
38
38
150
37
37
150
101
101
.
do
do
& A.)
*
prof, stock
[)
K.C.St.L.& C. Hue, s.f. $60,000 after’7
Preferred stock do
guar. C. & A.r
C. & A. bonds on Miss. Riv. Bridge, 1st mort., gold
do
do
Bonds for
75981
....
.
Quincy—Stock
Consolidated mortgage coupon, (for $30,000,000)
Trust mort.on Iowa lines,coup.or reg.(s.f. 1*2 p.c.)
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
Bonds of 1875, (sinking fund $13,860 per year).
f
96
1875
1869
40
70
1st M., guar
Republican Valley RR.. deferred stock
Bur.& Mo.,Nebraska RR., consol, mort., guar...
1,000
Louisiana to Cedar
162 miles; total
1881.
Jan.109V 99*2 156 -149
1880.
Feb. 110*4-106*2
Mar.116
-108
-
-106*4
Apr.115
1880.
-P referred.
1880.
120 -117
122 -122
188L.
153 -153
-
-
$
524.055
Years.
Operating.
Earnings.
$5,497,541
5,126,228
Expenses.
$3,376,255
2,901,351
Not
Dlinow
is.
was
and tne Burlington <fc Missouri
leased in perpetuity from Oct.
The
do
do
N.Y.N. Bk.of Com.&Bost
& J.
J.
Bk. of Commerce.
& J.
& O.
& J.
& 0.
& J.
& D.
& J.
& J.
& 0.
& J.
N. Y., Bk.of Commerce.
A.
Frankfort.
J.
A.
N.Y., N. Bk. of Com’rce.
Boston. Co.’s office.
J.
Boston. Co.’s Office.
J.
N.Y., N. Bk. of Com’rce.
J.
New York and Boston.
J.
Boston.
A.
New York and Boston.
J.
Boston.
A. & O.
F. & A. N.Y., Farmers’ L.& T.Co.
A & O Boston and New York.
do
do
J. & J.
do
do
J. & J.
Boston, Office.
J. & J.
do
J. & J.
do
J. & D.
Jan.
1. 1883
July 1, 1918
June 1, 1896
Oct.
Boston, Office.
A. & O.
i, isos
Monthly Earnings.
Prices of Stock.
1 QQ1
1 ftftffc
1 ttTQ
Jan.103V102
117*2-111*8 152 -136
Feb. 105V 99*4 122*4-115*2 148 -144*2
Mar. 101V 99^ 115*4-11238 149*2-140*2
Apr. 106 -101*4 115 -112*2 149V123
.
1879.
1880.
182*2-16738 1105,008 1200,238
982,377 1180,853
1071,738 1453,611
-
1018,755 1260,319
1171,303 1619,227
1160,968 1434,515
993,823 1566,661
Aug 112*2-108*4 119*2-11338x39*2-126*2
1315,559 1610,168
Sept 112V10878 115*6-113*4 140 -126
1484,316 1579,465
Oct..113 -108
124 -11378 146 -134*8.1....1709,932 1599,533
Nov.112*2-110
123*4-117*4 175*2-145*2
1327,679 1510,486
Dec.Ill -105*2 134*2-119
183*2-167
1438,167
The last annual report was published at length, with an artiole on the
general situation of the company, in the Chronicle, V. 30, p. 334, 354
-
118*2-113*4 xl25-113*2
116 -114^x122-113
JTy.ll4V106*2119 -116 x25*4-120
May 105V100
J’ne 108 -104
Comparative statistics for four years are as
Miles owned
Miles leased and
Total
operated
487,890
Dividends
on Stock.
‘
1877.
1878.
1,297
46
1,575
46
1,604
105
1,343
controlled
;
1,621
1,709
$
$
1879.
•
1,760
97
1,857
$
$
$
$
12,057,795 12,551,454 14,119,665 14,817,105
6,475,252 6,851,155 7,533,135 7,228,222
Net earnings
5,582.543 5,700,299 6,586,530 7,588,883
P.c. of oper.exp.to earn’gs
53*70
54*58
48*74
53*35
Total gross earnings
Total operating expenses.
INCOME
1881.
River in Iowa. The Q. A. & St.
1,1876, at a rental or $42,000
follows:
1876.
C. was leased from Oct. 1,1876 ,nt a rental of
Chicago Burlington & Quincy on its leases of the numerous branch
roads usually gave them a traffic guarantee of 40 or 50 per cent for pur¬
year. The St. L. R. I. &
$175,000 a year.
a
Aug., 1900
1, 1900
Feb., 1881 !
May 1. 1903
Feb. 2, 1881
Oct. 1, 1912
Mch. 15. 1881
Jan. 1, 1883
July 1, 1903
Oct. 1, 1919
July 1, 1890
Oct. 1, 1890
Jan. 1. 1896
June 1, 189fr
July, 1889
July, 1900
Oct., 1890
July, 1890
Oct. 1, 1901
Feb. 1, 1896
Oct. 1, 1893
July 1, 1894
July 1, 1889
consolidated mortgage
Rock
& Quincy,
Rock Island & Chicago
monthly earnings
1 Q7 Q
$1,135,080
1,135,090
4,656,764
2,604,124
1,021,572
4,960,529
2,691,061
985,652
926,898
4,464,343
2,357,006
4,671,519
2,515,134
448,262
5,75o,677
3,049,520
765,776
—(V. 28, p. 274, 298, 400, 428, 624; V. 30, p. 246, 408; V.'31, p. 68.)
Chicago Burlington
Quincu.—Jan. 1. 1890, owned from Chicago,
Ill., to Plattemouth, la., 484 mileef; branches in Illinois, 570 miles, and
in Iowa 267 miles; leased lines in Illinois, 321 miles, and lines operated
under contract for joint use in Iowa, 27 miles; total lines and branches
owned, leased and operated at close of 1878, 1,670 miles. During the
year 1879 the Iowa branches were extended in the aggregate a length of
114*3 miles (10 in Missouri). The total length of road operated Jan. 1,
1880, was 1356 miles. In February, 1880, the St. Joseph & Des Moines
(narrow gauge), 23 miles, was purchased. Subsequently, in 1880, the
Burlington & Mo. in Nebraska was absorbed, 630 miles, including leased
lines. A stock dividend of 20 per cent was then made, and a further
stock dividend of 66% was proposed in January, 1881. (See V. 32, p.
121.) The Republican Valley RR. stockholders were given a deferred
stock entitled to no dividends before Jan. 1,1885, at which date it is ex¬
changeable into C. B. & Q. stock. The Kans. C. St. Jo. & Council Bl. and
branches was purchased. 254 miles. See statements of those roads, prior
to consolidation, in Supplement of April 24, 1880; also in Chronicle,
V. 30, p, 51
and V. 31, p. 228. The Oio'Xgo Burlington <fc Quincy was
consolidation t«ian. 1, 1873* of the
Burlington & Quincy in
a
J.
4& 5
4 g.
7
,
497,013
626,473
Earnings.
$2,121,286
2,224,877
2,052,638
2,269,468
2,107,337
2,156,385
2,706,156
July, 1898
Nov.
*
N. Y.,
have been:
-
Gross
July, 1898
chasing their bonds. Enough of the C. B. & Q.
is reserved to take up prior debts. The bonds of 1876 for St. Louis
Island & Chicago Railroad are plain bonds of Chic. Burlington
offset by mortgage of like amount on St. Louis
road deposited with trustees, v Prices of stock and
127 -124
542,961
124 -122*6
616.128
J’ne.113 -106*3
?.617,524
July 11538-110
130 -130
708,906
Aug 118 xll3*a
130 x125*3
761,120
8eptll8 -113 *
130 -130
767,349
Oct..1367e-l 12*a
142*3-142*3
785,199 ........
Nov. 144 -131
144 -140
680,952
Deo. 159*2-136
160 -142
553,564
Annual report for 1879 in V. 30, p. 246. Operations, earnings, &c.,
have been as follows for seven years past:
May 108*2-103*2
Jan., 1881
July. 1882
April, 1894
April 1. 1894
Trust Co.
&
&
&
&
&
&
&
&
&
Monthly Earnings
-Prices of Stock.-Common.-
N. Y. U. S.
Q.-M.
"7
1877
a
have been:
6
2
8
7
840,000
1,000
City, 101 miles;
operated, 841 miles. Char¬
Mississippi, February 27, 1847; reorganized
1857, as Chicago Alton & St. Louis, and under
act of February 16, 1861, the present corporation succeeded to the
property, which was sold under foreclosure in the following year and
Chicago and St.
transferred to now organization in October, 1862.
Louis were connected by the present line in 1864.
The Joliet
& Chicago is leased from January 1, 1864, for the term of its
charter, and forms part of the main line. Rental, 7 per cent on stock and
8 per cent on bonds. The St. Louis Jacksonville & Chicago is leased in
perpetuity from April 30,1868, at a rental equal to 40 per cent of gross
earnings until the amount reaches $700,000, with a minimum of $240,000
year. Common stock, $1,293,000; preferred, $1,034,000; V. 32, p.
17o. The Louisiana & Missouri River is leased for 1,000 years from Aug.
1,1870. Rental, 35 per cent of gross earnings, but interest guaranteed
on second mortgage bonds and preferred stock as above; the other pre¬
ferred stock is $1,010,000 and common stock $2,272,700.
The Chicago
& Illinois River R. R. was sold in foreclosure Sept., 1879, and purchased
by this company. The Kansas City St. Louis & Chicago was opened
through May 1,1879. It was built by the Chicago & Alton Company,
and is leased to said company in perpetuity from November 1,1877. at a
rental of 35 per cent of gross earnings, less taxes and assessments. The
bonds are held by United States Trust Company as security for the C. &
A. bonds of 1878 issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees. The Mississippi River Bridge
is leased in perpetuity from December 3,1877, at a rental of $63,000, to
be applied in payment of 7 per cent on $200,000 stock, and 6 per cent on
$700,000 bonds. New common stock (C. & A.) for $1,000,000 issued
May, 1880, see V. 30, p. 408. Prices of stock and monthly earnings
City to Mexico,
tered as the Chicago &
under act of January 21,
1%
1,565,000
1,836,000
191
49
50
500
500
500
600
6 g.
720,000
Payable, and by
J. N.Y.,Jesup, Paton &Co.
do
do
O.
do
do
O.
do
do
J.
do
do
J.
do
do
A.
do.
do
N.
do
do
A.
do
do
N.
do
do
Q.-F.
do
do
A. <fc O.
J.
A.
A.
J.
J.
F.
M.
F.
M.
3%
2,356,000
Where
When
Q.—J.
8
7
7
7
7
7
7
279,000
370,500
600,000
7,605,000
1,034.000
1,000
1,000
1,000
leased—
Godfrey, 151 miles;
Jan., 1883
&c.
&c.
&c.
&c.
1870
1876
1876
1863
1869
1870
1873
1878
1872
miles; branches—1« Coal City,’4 miles; Dwight to Wash¬
ington and Laoon, 80 miles; Roodhouse to Louisiana, 38 miles;
Chicago to Joliet, 37 miles; Joliet to Mazon River, 24 miles; Blooming¬
ton to
Kansas
N.Y.,Jesup, Paton & Co.
4,621,250
500 &c.
Louis, Ill., 244
A. & 0.
1\
1,076,000
890,500
1,000
1870
....
7
&c.
500&C.
133
bonds, convert, till Jan., 1882
consol.M.for $14,000,000, s.f. $30,000
Burl. & Mo. in Neb.,
Stocks—Last
Dividend.
7
5
8
8
8
8
5
5
7
8
8
8
6
8
1870
44
40
270
46
281
40
Whom.
600,000
741,000
653,000
8b 8,475
399,000
546,500
1,000
1,000
pal,When Due.
Payable
13,695,000
•no.
....
....
1872
....
Hannibal, 1st m... 1 rmiTl.n
Ottawa, Oswego & Fox Riv., 1st m l h t r p vl;.
Illinois Grand Trunk, 1st mort.... [ rpfi-iHtpr«prt
Quincv & Warsaw, 1st mortgage .. J reg*8™1611B’ds for St. L. R. I. & C. (sink, fund $50,000) coup.
Quincy Alton & St. Louis, 1st mortgage, quar—
BurL&Mo. Riv., 1st .on r’d&400.000ac’sI’d > Cp
do
or
1st M. bn br.,C.B.&Q.stk.(5th ser.)
do
Couv. bonds, C.B.&Q.stk.(6tli ser.) ) reg.
■
....
....
Dixon Peoria <fc
1,000
1,000
1,000
1858
1873
1879
Tables.
Boncte—Princi¬
Rate per
Cent.
700,000
52,000,000
2,711,000
100
....
689
100
INTEREST OR DIVIDENDS.
1,750,000
1,000
1877
825
Outstanding
100
....
.
1682
466
sinking fund, (trust)
Omaha & S. W.,
.
....
Chicago Burlington dk
do
do
1868
1870
1877
1878
.
.
1st mortgage,
1857
1864
1864
F868
....
Amount
of any error discovered in these
$500<fcc. j $1,096,000
100
1,500,000
306,000
1,000
2,365,000
1,000
564,000
1,000
188,000
1,000
360,000
1,000
1,851,000
1,000
300,000
1,000
100
262,100
3,000,000
1,000
1862
162
guar.
xxi
STOCKS AND BONDS
ACCOUNT.
$
$
5,582,543 5,700,299
Total income
6,586,530 7,588,883
155,695 179,093
2,155,972 2,110,938
Taxes
*603,437 328,844
2,212,827 3,081,985
Dividends
Carried to
223,313 230,493
Miscellaneous
.'
31,442
t423,085
Transf’d to renewal fund
1,000,000 1,000.000
Balance, surplus
144,942
381,015
235,236 », 234,445
Including $264,656 taxes ’73 & ’75. t Balance of accounts written oi£
84,263
131,395
1,991,957 2,108,469
418,234
327,159
2,749,065 2,479,715
sinking fund...
194,082
241,104
Rentals paid
Interest on debt
*
GENERAL BALANCE AT
Railroad, buddings,
YEAR.
CLOSE OF EACH FISCAL
$
Assets—
$
<fcc....50,193,931 53,384,339
$
54,840,462 58,112,329
$
8,986,754 9,446,499 10,305,749 11,131,683
404,553
52,251
1,633,958 1,711,929 1,756,434 1,244,276
888,655
524,796 753,589
518,447
16,252
79,011
172,491 629,661
Due fromSt.L.R.I.&C.RR. 1,985,083
Trustees B. & M. I’d grant.
862,485 1,062,650 1,348,559 1,695.842
Trustees C. B. & Q. s. fund
619,171
876,019 1,067,889 1,273,415
Miscellaneous items
49,369
55,725
50,362
60,434
Total
;....65,270,003 67,557,078 70,060,742 74,801,229
Equipment
Stocks owned, cost
Bills and acc’ts receivable
Materials, fuel, &c
Cash on hand....
Liabilities—
Stock, common
Stock, B. & M
370,432
134,206
120,856
27.058,725 27,270.225
29,000
81,205
2,651,825 2,963,086
3,819,000 3.233,000
1,749,229 2,164,015
4,181,818 4,416,263
1,000,000 2,000,000
1,413,760 1,462,285 1,644,582
76,602
145,508
105,839
267,306
22,986.325 26,122,826
3,800
2,043,575
2,072,952 2,360,014
Sinking funds
4,515.000 4,482,000
Contingent liabilities
Land grant sinking fund.. 1,114,640 1,437,722
3,991,384 3,946,532
Income account
Bonds.
Bills payable
Renewal fund.
Miscellaneous
Profit and loss
—
796,302
151,582
65,270,003 67,557,078 70,066,742 74,801,229
brought into the consolidation was 388,817 acres,
which, except 39,932 acres, had been sold by the close of 1878. The
assets at the close of 1878 amounted to $4,909,431.
The grant
was made to the Burlington & Missouri River Railroad.
(V. 29. p. 67,
119, 356, 658; V. 30, p. 16, 116, 221, 248, 334. 354, 519, 533, 566;
Total liabilities
The land
grant
31, p. 179,
44, 121.)
228,240,269, 288, 381,405, 428,453,588,
all of
V.
652; V. 32, p. 16*
RAILROAD
XV111
flnbuorlber* will confer
a
explanation of oolmim hojullngs. Ac.,
on ftixt page of table*.
Boston A Lowell -( Continued)
Bonds
l/owoll At Lawrence
Halcm At Ixnvcll
Boston if Maine -Htork
11887765--00969..
hoc
Par
Value.
....
|
1873-1
1880
....
'
100
500 Arc.
.
Preferred stock
Mortgage bonds (for $7,500,000)
1st mortgage (W. As F. RR.>
1st mortgage (Oil Creek HR.)
1st mortgage (Un. A Titusville HR.)
2d mortgage (Pitts. T. Ac B.)
ButF. Chautaiupia Lake A: Pitts., 1st mortgage;
Buffalo if Southwestern.—Htoek
Mortgage bonds
Burlington C. Rapids if Northern—Stock
1st mortgage
Iowa City As Western, 1st mortgage, gold, guar..
Cedar Rap. I. Falls it N. W., 1st mort., gold, guar.
Burl, if Southwest.—1st mort., main line, ep. or reg.
Cairo cf St. Louis— 1st mortgage
Cairo if Vincennes—Stock ($2,000,000 is pref.)
do
do
New York.
100
500 Arc,
1,000
1876
1871
1878
-
;>;>
90
144
157
1.000
500 Are.
500 Are,
50
50
1865
1862
500 Are,
100 Arc.
500 Arc.
•
•
•
Net
,
Receipts.
$1.157,7GS
1,081,060
Receipts.
$518,<>07
519.528
1.198.5)02
67,598
3
Boston if Maino— Sept. 30,1880, owned from Boston, Mass., to Port land.
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballardville. 10 miles: Bradford to Newburyport and
Danvers, 27 miles; West Amesluiry to Newton, Mass., 4 miles; Dover,
N. II., to Alton Bay, N. II., 29 miles; total operated, 206 miles, less 3
miles leased.
Maui line one-tliird double track and all steel rail.
Char¬
tered in 1835), and road completed to South Berwick in 1845 and to
Portland in 1873.
From 1843 to 1873 the Portland Saco & Portsmouth
Railroad was leased in partnership with the Eastern Railroad.
2,119,857
2.438,270
—(V. 29, p. 535; V. 30,
Gallatin
Nat. B’k
Expenses
A Taxes.
Net
Outside Av’il’ble Div.
Earnings. Receipts. Revenue, p.o.
$1,523,966 $754,162
$5)2,162 $846,653 3
1,518,854
654,348
93,817
748,165 5
1,359,367
741,317
83,717
825,05)1 6
1,354,755
795,102
88,904
884,066 6
1,511,018
927,252
94,382 1,021,034 7*2
p. 15; V. 31, p. 556; Y. 32, p. 15.)
Boston if New York Air-Line.— Sept. 30,1880, owned from New Haven*
1,"
Mar." 1,"
i,
Jan.
Dee.
Doc.
1880
1887
1896
1, 1880
1, 1916
July 1, 1896
t).—M. Buffalo, F.As M. Nat. Bk
1908
F. As A. Pliila., F.W.Clarke As Co.
A* As O.jPhila., Manuf’rs’ N. Bk.
.T. it. J.! Pliila., JO. W.Clarke it Co.
A. Pliila., Manuf’rs’ N. Bk.
N.
Philadelphia.
1, 1896
Apr. 1, 1882
July 1, 1890
J. As D. N.Y., Continental N. Bk.
M. As S.
New York.
A. As O. N. Y., Central Trust Co.
M. it N.
Boston, Co’s Otlice.
A. As O. New York or London.
G,500,000
450,000
825,000
1,800,000
2,500,000
5,500,000
‘
1,000
1.C00
1,000
1,000
....
161,890
S. N. Y„
1, 18(M)
Oct., 181)7
Oct., 185)8
Nov. 15, 1880
Jau., 1893A94
June
Feb.
Feb.
1, 1896
May 1, 1905)
5,500,000
100
100 Are.
259,318
4
4,292
Dividends were 8 pm- cent up to close of 1873 : Gig per cent in 1873-74.
—(V. 28, p. 624V. 30, p. 42; V. 31, p. 482, 509, 557; Y. 32, p. 39, 13.)
2,173.202
Dividend.
Nov.
015,800
1,500,000
•
Payments
.
Rentals. lilt. Ac misc. Div.,p.c
$95,505)
$145,890
91.718
116,345)
2
392,580
422,698
2 100,741
Stocks— I ,.*u*t
July 1, 181)5
Sept. 1, 15)17
J. it J.J New York, Erie Olllee.
J. As D.l
N. Y., Erie Railway.
J. & J).i
do
do
J. As J.iN. Y„ Farm. L. it T. Co.
250,000
....
1876
187!)
1880
1870
1871
8.
M. As
G,575,000
GOG,000
(0
1,500,000
580,000
500,000
1,155,000
1,000
1,000
1870
1876
1879
M. As
050,0(H)
2,380,000
5,000,000
510,500
100
....
67
67
367
57
do
do
X, V., Hatch A Foote,
Boston, at Office,
between Boston As Lowell opened in 1835. The Lowell A Lawrence and
Salem As Lowell Railroads, operated lor some years under lease, were
A joint business was formerly
purchased and consolidated in 1871).
uono between the Boston it Lowell and the Nashua As Lowell, but from
December. 1878, they were under separate managements until the B. As
Lowell leased the N. it L. for 5)5) years from Oct. 1, 1880, but the lease
was held invalid.
The B. As L. has made a contract with the Mass. Cen¬
tral to operate the latter road when completed.
$2,278,457
pal.When Due.
July
Boston, at Olllee.
500.0(H)
1.205,000
2,000,000
750,0< >0
00,(H H)
580.000
1867
57
120
Boston, at Ofllcc.
4,000,000
’
38
25
j.i
7,000,000
3,500,000
1,000
‘
"66
a
500.000
1873
1S7-J
26
1 12
1 10
121
121
29 l
291
:j.
1,000
04
2d mortgage (for $1,000,000)
Buffalo Pittsbura if Western— Common stock
Gross
When Where Payable, and by
payable
W hom.
100
58
First mortgage
Earnings.
<>nt.
200.000
220,5)00
204
Buffalo N. 1. if Philadelphia—1st mort., gold
Years.
Rate per
$020,000
....
..
1.399,316
DiUsi.imliiig j
1875)
Buffalo New York of Erie—Stock
1875-609.
of
)
Brooklyn EU rated — 1st mort., gold (for $3,500,000)
Brooklyn A Montauk—’Stook ($1,100,000 is prof.)
Southern of Long Island. 1st mortgage vS. Side)..
Mortgage on Roekaway Branch...
Buff. Brad .A Cuts.—Com. M.,(incl. 10,000 ae. I’d)
f...
Ronds -Prinri-
INTEREST OR DIVIDEND*.
|B«mds
registered
....
[Vol. XXXII.
—
Boston & Sew York Air Id tic— 1st mortgage
Boston A lYorulenre-— Stock
Bonds to purchase brunches, coupon or
Gross
BONDS.
Date
Miles
of
Road.
notos
Bonds, coupon and registered
Years.
AND
great furor bjr giving Immediate notice of any error dlncovcrcd In those Tables.
DlvSCKIITION.
For
STOCKS
1. 1906
Sept, 1, 1909
Oct. 1, 1920
May 1, 1895
Oct. 2, 1901
dated with other roads under the title of
Pennsylvania A Erie Coal A
Railway Company. No further action, however,‘has been taken to carry
out the project.
Rental. 7 per cent on outstanding bonds, $40,600 a
year. Capital stock, $2,286,000.
In March, 1880, a dividend of 1 per
cent was
paid.
Buffalo New York A Eric.—October 1, ESSO, owned from Buffalo, N.Y.,
to Corning, N. Y., 140 miles. A third rail for standard gauge rolling
stock has been laid down. Leased in 1863 to the New York A Erie for
■190 years, and now operated by the New York Lake Erie A Western
Co. Rental, $238,100—viz., 7 pc)* cent on stock and bonds and $5,000
for organization expense. Dividends and interest paid directly by the
lessees. Capital stock, $950,000, and funded debt, $2,380,000. Total,
representing cost of road, $3,330,000.
Buffalo New York A Philadelphia—Sept. 30, 1879, owned from Buffalo,
N. Y., to Emporium, Pa., 121 miles. Consolidation (1871) of the Buffalo
A Allegheny Valley, and the Buffalo A Washington, and road completed
in 1872.
At Emporium connects with Philadelphia A Erie. Gross earn¬
ings in 1878-9, $5)54,082, and net earnings. $380,355. Capital stock,
$2,349,650. Cost of load and equipment, $6,734,454. (V. 28, p. 252;
V.30,p. 16.)
Buffalo Pittsburg A West.—Jim., 1881, owned from Salamanca,“N. Y.,
City, Pa., 100 m.; branch to Bradford, Pa., 20 m.; Oil City, Pa., to
to Oil
Buffalo, N. Y., 140
m.;
Union A Titusville Branch, 25
m ;
and Titusville
A Oil
City Railway, 9 miles; total length, 294 miles. This was a consoli¬
dation, Jan. 20, 1881, of the PittsburgTitusville A Buffalo Railway and
other roads.
(See V. 32, p. 16, 182.) The Pittsburg Titusville A Buffalo
was organized in 1876 as successor of Oil Creek A
Allegheny RR., which
was a consolidation embracing the Oil Creek and Warren A Franklin
roads. (V. 30, p. 17, 67, 193, 519, 625 ; V. 31, p. 46, 96, 171, 330, 560 ;
V. 32, p. 16, 99, 101, 182.)
Buffalo A Southwestern—Sept. 30, 1870, owned from Buffalo to James¬
Formerly the Buffalo & Jamestown; reorganized
town, N. Y., 67 miles.
in 1877 after foreclosure. In J11I3', 1880, leased to N. Y. Lake Erie A
West, for 99 years—at 35 per cent of gross earnings, but interest on bonds
Conn., to Willimantie, Conn., 50 miles; leased Turuerville to Colchester* guaranteed. Gross earnings in 1878-9, $351,829. (V. 31, p. 122.)
4 miles; total operated. 54 miles. Formerly the New Haven MiddleBurlington Cedar Rapids A Northern.—Juno 30, 1879, owned from
town Ac Willimantie. Road opened Aug. 13, 1873. The present company
Burlington, Iowa, to Albert Lea, Minn, (including 11 miles leased), 252
derive their rights from purchase under foreclosure. In 1879 a pool¬
ing agreement (for 99 years and 8 months from Feb. 1,1879) was made
with the N. Y. New Haven A Hartford HR., under which the B. A: N. Y.
A.-L. received 6 percent of the gross earnings of all lines operated, out
of which its operating expenses are paid.
By arbitration in ISfOthe
percentage was reduced to 5 per cent for live years. In 1879-80 gross
earnings were $271,177; net, 148,639. Common stock, $803,800;
Property
preferred stock, $2,767,500. The old 7 per cent bonds were, paid off foreclosure-June 22, 1876, and given up to the purchasers
July 1, 1876.
Feb. 1,1881, at 105, and the 5 per cents issued instead. (V. 29, p. 621; Bonds of the Cedar
Rapids Iowa Falls A Northwestern road are endorsed
V. 30, p. 66, 599; V. 31, p 152, 357,381.588.)
(on the bonds); they are redeemable at 105 after Oct. 1, 1890. Gross
Boston cf Providenee— Sept. 30, 1879, owned from Boston, Mass., to earnings year ending June 30, 1880, $1,853,472, against $1,387,962
in 1879; net $678,608, against $137,304.
Interest liability, $335,513,
Providence, R. I., 44 miles; branches, 20 miles; leased, Attleborough to
all paid.
I11 calendar year 1880 net earnings were $709,757, against
East Attleborough, 4
miles; total operated, 68 miles.
Chartered
in 1831, and road opened in 1835. The company have valuable depot $550,142 in 1879. The company guarantees $456,000 of bonds issued
properties in Boston, and during 1S79 negotiations were entertained for
,
,
a
consolidation of the Boston A Providence and tlie Boston A Albany,
mo as to
utilize them by both companies.
Gross
Net Traffic
Years.
Other
Divi-
Earnings.
$1,539,864
1,352,564
Earnings.
$395),633
378,032
1.1 *5.010
348,069
21,377
6
1,158,613
375,947
15),595
(Do
Receipts.
$27,895
20,75)7
dends.
8
6
3,301.520
355,718
19,395
8
Lease rental paid iu the years consecutively was $9,219, $11,308.
$10,5)56,^ $10,917 and $11,;5G0. Notes outstanding September, 1880,
$380,000. (V. 27, p. 565 ; V. 31, p. 53-1.)
Brooklyn Elevated.— Li progress. Capita]
OOO (issued $3,347,680) and 6 percent gold
ers wen* appointed October, 1880.
452, 557; V. 32. p. 205.)
stock authorized, $5,000.
bouds,$3,500,000. Receiv¬
(V. 29, p. 328; V. 31, p. 44,428,
Brooklyn A Mon lank—(Southern of L. I.)—Busliwiekto Patelioguc, L.L,
52 miles;'branches to Fresh Pond Junction, 2 miles; to Rockaway, 10
miles; to Hempstead, 5 miles; total operated, 69 miles. This was tlrst
the South Side Railroad of Long Island, which was foreclosed Sept. 16,
1874, and reorganized as the Southern of Long Island. On June 3, 1875),
the property was again sold iu foreclosure of the second mortgage, and
this company organized. The pref. stock has a preference of 7 per cent,
not cumulative.
It is leased to the Long Island Railroad for 50 years
at 25 per cent of the net earnings of the whole L. I liR. system, includ¬
ing its leased lines; but as to 1879-80 there was dispute as to what the
iitl tamings were.
(V. 30, p. 322, 600, 674.)
Buffalo Bradford A Pittsburg.—Sept. 30, 1879, owned from Carrollton,
N. Y. to
Gilesvllle, Pa., 26 miles.
Completed In 1866, and leased to New
York Lafeo Erie & Western for 499 years.
In Jau., 1875, it was consoli¬
Burlington A Southwestern—June 30, 1879, owned from Viele, la., to
LaClede, Mo., 142 miles; leased—Viele to Burlington, 25 miles; Bloomliclil to Moulton, 14 miles; total operated, 181 niiles. There is also
a
mortgage of $1,600,000 7 per cent gold bonds, due 1892, on
the Linneus branch, 53 niiles,
and- a second mortgage of $88,000
8 per cents 011 the main line.
Gross earnings, 1878-79, $206,704;
expenses and taxes, $15)9,187; net earnings, $7,517.
Capital stock,
$1,793,700; funded debt, $3,488,000; receiver’s 7 per cent certificates
(for extension 22 miles iu Missouri), $200,000, and a large amount of
Moating debt. Default made Nov. 1, 1873, and property st ill in hands of
Receiver, awaiting final decree of foreclosure. (V. 29, p. 300; Y. 31, p.
557, 606.)]
Cairo A St. Louis—Dec. 31, 1879, owned from Cairo, Til., to East St.
Louis, in. (3 ft. gauge), 147 miles. Opened through, March 1,1875.
Default made April 1, 1874, and Receiver appointed Dee. 6, 1877.
Defivit in 1878, $9,911. Surplus in 1879, after deducting deficit of
previous year, $4,373. Capital stock, $4,565,000.
Large amounts of
county and town subscriptions remain unpaid, and suits, so far, have
resulted adversely to company. (V. 28, p. 451; V. 29, p. 17, 40; V. 30*
p. 464.)
Cairo A Vincennes.—Juno 30,
1880, owned from Cairo, Til., to Vincen¬
Ind., 157 miles.
Chartered March 6, 1867, and completed Dee.
16, 1872. Defaulted in 1873. Sold Jan. 5, 1880, and bought in for
nes,
account of bondholders for $2,000,000, subject to Receivers’
and claims for labor, Ac*. The reorganization has been made
certificates
with stock
as above, of which $2,000,000 is preferred, issued for arrears of interest
and Receiver’s certificates, and the balance is common stock issued
for the old bonds. (V. 29, p. 40; V. 30, p. 43, 341; V. 31, P. 68, 179,
558, 672; V. 32, p. 182.)
'
-
w 4i ^
confer a great favor by giving
SubMcrib^ra will
of column
rxohimitioii
1
oil
tilHt pup*
headings, Ac., poo note*
of tables.
mix Pacific— 1 st mortgage, gold.
California 1‘Mcitif— 1st mortgage, gold
781
Mile*
of
|
i>f j
Pacific,
1
3 p. c.) .
prof.)....
1873)
18,9.
Camden d livrting'on Co.—1st mortgage.
Canada Southern—#took
jJow limi t., interest guar., (for $14,000,000).
Carolina Central— 1st mortgage, gold, coupon.
preferred stock.
bonds.
Snsgnchanna—.Stock.
Cedar Falls d Minn.—Honda on 1st div., sink. fund.
Bonds on 2d division, sinking fund
Cedar Rapids <6 Missouri Hirer—Common stock
if-
Preferred stock, 7 per cent
1st mortgage.
$1,000
$2,250,000
1 ,<M>0
5UO
1,000,000
3.000,-000
50
1,25S,050
1,000
490,000
497.000
350,000
1875
1853
1854
1807
*
1,000
5jOO Ac.
1804
1800
coup.
bonds, “debt certificates,” payable at
Central of New Jersey—Stock
will
(convertible Nov., 187:> to 1877)
Consolidated mortgage (for $25,000,000)
Income bondH, reg., (not cumulative)...
Newark & New York, 1st mortgage....
Bonds
Extension
1872
1870
1880
1809
1872
1874
1878
1807
bonds.
mil*
companies. These lines were built by a
tlu^n Table*.
230,500
209,850
1,300,000
3
j
I
j
.1.
.1.
i
7 g.
!J.
'nnidcn, < ’o.’s (>ffiee.
A J.!Pliila.. Farm. AM. li’k.
0
0
I A.
A ().
4 on pf.t
jF. A
4,400,000
15.000,000
100 Ac.
500 Ac.
2,450,000
000,000
<
do
do
Pliila.. Penn. Hit. <%>.
N.
Y., Gland (’em Dep.
J. A J. N. Y., 1’nion Trust Co.
J. A J.iN. Y. Olliee, 4 Broad st.
do
A. A 03
do
U >min
Prmci
pul,When Du*.
Stork*
| .uni
Dividend.
Jan. 1, 1889
1891
Julv. 15)05
April 15). 1880
Jan.. 1893
Oct.,
1.
1904
185)7
Fob. 1, 1881
Jan. 1, 15)08
July
1,
1923
April 1, 1914
M. A N. Philadelphia Co.’s oflice Nov. 18* i 890
Nov. IS, 1880
do
i M. A N.
If. a a. Pliila., Pliila.A Head.Co. Feb. i, 1882
1888 to 1900
do
do
; Various
Feb. l, 1900
do
do
iF. A A.
A J. New York. 44 South st. Jan. 1, 1881
N.Y.,J. S. Kennedy A Co April 30, 1884
J.
18,503,200
A.!
2 4
1,334,000
0,850,400
709,000
700,000
582,000
2,332,000
7,500,000
3,750,000
3,700,000
029,000
Whom.
.!, N. Y.,Eug«*ne KclIvA Co.
,1. N. V., Nat’l Park IbinK.
J N. Y., ('cut. Pacific HU.
jJ.
jj.
5,000,000
1,000
1,000
1,000
guaranteed by the lessees.
7 g.
0 g.
3 A 0
,
589,110
198,000
1,000
funded debt, $6,850,000; bills payable,
ami other liabilities, accounts, Ac., $258,054; total liabili¬
ties, $20,380,0 >8.
extension bonds of $3,500,000 and incomes of
$1,000,000 were in default, .and the now bonds of 1875, guaranteed by
Central Pacific, were issued in place thereof. Interest charges were thus
largely reduced by exchange of old bonds for the present lower-rate
3,000,000
1,159,500
1,000,000
2,200,000
500 Ac.
500 Ac.
100
$1,272,643;
1875-960.
•
50
50
50
500
500 Ac.
500 Ac.
100
500 Are.
500 Ac.
100
100
500 Ac.
500 Ac.
500 Ac.
100
construction
19, 1870.
!
’Where Finable, and by I
PuMihle1
3,000,000
1,000
Capital stock, $12,000,000;
Third mortgage (1875) bonds are
5,000,000
13,497,31 1
1,000
company, and turned over to the existing company January
Leased for 29 years, from July 1, 1876, to Central Pacific. Minimum
rental (coin), $550,000 per annum, and in addition tlirce-fourtlis of net
earnings in excess of that amount. General account (Jan. 1,1880)—
bonds.
1
l.ooo
.
.
Income
C. P.
1800
1S71
When
Kate per
( Viit.
(Upstanding
1801
1803
1800
1st mortgage.
Mortgage
Par
Value.
1803
’00-8-0
1870
Chattel mortgage bonds.
New mortgage....
1 hL mortgage
Amount
loo
1st mortgage
Central It. It. if Rank, Ga.—Stock..
General mort. “tripartite” bds ($5,000,000)
Central Iowa—1st mortgage..
or
of
1878
1M73
1874
Income bonds, coupon
Oatawimt—Common stock
Now preferred stock
Cauuqa
Immediate notice of any error dlacovcred In
Hi/.c,
lload.! Jlond
...
mri
2d mo gage, endorsed bv Central
,ort
guar. bv C. 1*. (+1.000.000 are
3d mor
•a
Cam do J Atlantic—Htock ($880,650 of it
lortgage (e
1st mortgage (extended 20 years in
*M mortgage, extended in
Old
xix
INTEREST MU 1*1 VI Id N!>m
DESCRIPTION.
r<v
BONDS.
AND
STOCKS
RAILROAD
1861. J
Feiuiuahy,
A. A O.
A
J.j
Q.—F. i
F.
F.
F.
M.
J.
do
do
Boston, Treasurer,
do
do
A A.
ft A.1 N. Y., Nat’l Park Bank,
do
do
A A.|
do
do
A N. j
A 1).
Savannah, Ga.
jj. A J. N.Y.,Nat.City Bk.ASuv.
!J. A J.
I A. A O.
!
Q*
IF. A A.
1M. A N.
Q.-J.
M. A N.
J. A J.
New York, Office,
do
do
New York, at office,
do
do
do
<lo
do
do
do
do
New York, at otlice.
Jan.
Feb.
2,
1,
Feb. 1.
Aug. 1,
A u g. 1,
1907
188 L
1881
1891
1894
May, 1916
Dec., 1880
Jan. 1, 1893
July 15. 1899
3 mos. notice.
April 10, 1870
1890
Nov., 1902
July 1, 1899
May 1, 1908
1887
Cayuga d Susr/uchanna.—Dee. 31, 1879, owned from Owego, N. Y., to
Cayuga Lake, N. Y., 35 miles. Chartered as Ithaca A Owego in 1828
and opened in 1831. Reorganized as Cayuga A Susq, in April, 1873.
Leased in perpetuity to Del. Lack A Western, Jail. 1, 1855, at a rental of
$51,600 a year. Dividends on capital, 9 per cent per annum. Capital
stock (cost of road to present owners). $589,110. A considerable deficit
to the lessees occurs from year to year.
Cedar Falls d Minn.—Dec. 31,1879. owned from Waterloo, TIL, to Minn.
State Line, 76 miles. Completed in 1870. Leased to Dub. A Sioux C. for 40
years from Jail. 1,1867, at $1,500 per mile as a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per cent or any excess over $7,500 per mile. Lease transferred
to Illinois Central, October 1, 1867.
Capital stock, $1,587,000, and
funded debt, $1,587,000. Total (cost of road), $3,174,000. A sinking
fund of 1 per cent per annum is provided.
(V. 30, p. 90.)
Cedar Rapids d Mo. River.—July 1, 1880, owned from Cedar Rapids,
la., to Mo. River (opp. Omaha), 272 miles; branch, Clinton, la., to Lyons,
la., 2 miles; total operated, 274 miles, of which 214 miles steel rails.
Chartered in 1855 and completed in 1866. Leased to and operated by
Chic. A N’west. Rental, $700 of the first $1,500 of gross earnings per
mile; 334 per cent of next $3,000 per mile, and 20 percent of any
excess over .$-1,500 per mile.
Gross earnings year ending Mch. 31, 1880,
$2,742,742; gross earnings per mile, $10,010. Quarterly dividends, each
of 1 per cent, have been paid for several years on common stock, and
semi-annual dividends, each of 34 per cent, on preferred stock.
31,1879, owned from Camden, N.J.,to Atlan¬
tic City, N. J., 60 miles; branch, Egg Harbor City to May’s Landing, 7 m.;
total, 67 miles. Earnings and expenses for three years past have been :
Years.
Earnings.
Expenses.
Prolit.
1S77
$477,483
$300,449
$172,012
399,061
277,848
121,213
1879
4 95,472
293,345
202,127
The preferred stock is entitled to 7 per cent if earned, and to as high a
rate as paid to common stock if more than 7. A scrip dividend of 34
Central of Georgia (d Bank).—Aug. 31, 1879, owned from Savannah,
per cent was paid in 1880 on common and pref. stock. (V. 30, p. 518.)
Ga., to Atlanta, Ga., 2944 miles; branch, Gordon to Millodgeville, 17
Camden d Burlington County— January 1,1880, owned from Camden,
miles; leased-Augusta A Savannah, 53 miles; Eatontou Br. Railroad,
N. J., to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
22 miles; Southwestern Railroad and branches, 310 miles; Upson
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad County Railroad. 17 miles; total operated. 714 niibvs. In January,
Co., and now operated by the Pennsylvania Railroad Company, lessees
Lease rental, $44,415, 1880, purchased the former Savannah A Memphis road—Opelika to
of United Railroad A Canal Company’s lines.
Goodwater, 60 miles—for $700,000. Consolidation (December 1,1872)
being 6 per cent on stock and bonds, and $500 for organization expenses. of tiie Central and the Macon A Westorn. The principal leased line is the
Capital stock $381,925 and funded debt $350,000; total, being cost Southwestern and branches (3104 miles). The company owns largs
of property, $731,925. Dividends in January and July.
interest in connecting lines and in the Ocean Steamship Line of Savannah.
Canada Southern— December 31,1879, owned from Victoria, Out., to
ngs-v
-Traffic Earnings.
-Payments from Not Earnin
Amherstburg, Ont-7 229*2 miles; branch, St. Thomas, Out., to Court- Years.
Net.
Leases.
Interest.
Divid’ds.
Gross.
right, Out., 62*2 miles; total (original line, all steel), 292 miles;
$983,541 $493,586 $285,444
$
$2,601,542
and miles absorbed on reorganization—Erie A Niagara, 28 4; Sarnia
826,925
255,412
439,596
187,500
2,409,092
Chatham A Erie, 7 ; Canada Southern Bridge A Ferry, 3 ; Toledo Canada
439,631
1,093,967
279,178
375,000
2,675,318
■Southern A Detroit, 55, and Michigan Midland A Canada, 15; total of
2,181,906
272,428
439,652
375,000
2,781,654
all lines, original and acquired, 400 miles. Besides these the Chicago
1,508,652
439,666
267.732
3,144,102
A Canada Southern, 67 miles, was operated up to November 1,1879.
The average operative length of road for 1879 was therefore 456 miles. This company and the Georgia Railroad Company are joint owners of
The Canada Southern was chartered February 28, 1868, and the whole tlio Western Railroad of Alabama, purchased at foreclosure sale in
road opened in November, 1873. Default was made soon after, and a April, 1875. The “tri-partite” bonds are issued jointly by this company,
reorganization forming the existing companies was completed in 1878. the Macon A Western and tlie Southwestern. (V. 27, p. 381 ; V. 29, p.
Interest on the new bonds issued by the company is guaranteed by the 655 ; V. 30, p. 143; V. 31, p. 381, 401; V. 32, p. 11.)
New York Central Railroad Company for 20 years ; the principal is not
Central Iowa—June 30,1879. owned from Albia, la., to Nortliwood, la.
guaranteed. During the year 1879 great improvements were made on 189 miles; Muchakinock Branch, 2 miles; total operated, 191 miles.
the lines a new ferry-boat purchased, .and 31 engines and 1,100 freight Chartered as Central RR. of Iowa and opened in 1871.
Defaulted and
cars added to the equipment.
The income account, for three years was placed in hands of a Receiver in 1873. Reorganized under present title,
as follows (December being partly estimated in 1880):
Juno 18, 1879, after foreclosure sale under first mortgage July 18, 1877
Camden d; Atlantic.—Dec.
1878.
Gross earnings
Expenses
$2,480,873
2,070,258
1879.
$2,995,366
2,448,091
1880.
$3,717,277
2,393,051
given for the old 2d mortgage bonds. In February, 1880, tho income
bonds were issued to tirst mortgage bondholders in payment of four
353,128
391,452
420,000 years’ net earnings, and are payable by the company on three months'
notice. (V. 30, p. 168, 191, 221, 248, 433, 518, 433; V. 31, p. 20, 115,
259 ; V. 32, p. 205.)
$57,187
Surplus
$155,823
$235,332 charged to expenses in 1879 for renewals. The total
Central of New Jersey— Deo. 31, 1879, owned from Jersey City, N. J.,
amount of new bonds authorized is $14,000,000, of which the company,
to Pliillipsburg, N. J., 73 miles; branches, 57 miles; leased—-in N. J.t 50,
after providing for all claims, held a reserve of $191,583. The bonds and in
Penn., 215; total operated, 395 miles. The principal leased lines
carried interest at 3 per cent till 1881 and 5 percent for the other 27 in Pennsylvania are the Lehigh & Susquehanna and flu*. Lehigh A Lack.,
years; the interest charge, therefore, will hereafter be $700,000 per with their branches, Ac. The main line from Elizabeth to Piiillipsbiirg
annum.
A bondholder's suit on old bonds was decided in his favor.
was opened in July,
1852, and extended from Elizabeth to. Jersey City
-(V. 30, p. 116, 141,600; V. 31, p. 258, 672.)
in 1864. The Long Branch division was opened in September, 1875.
Carolina Central.—March 31, 1880, owned from Wilmington, N. C., to The lease of the Lackawanna A Susquehaua Railroad is dated March 31,
Shelby, N. C., 242 miles. Formerly Wilin. Char. A Rutherford, chartered 1871, and is virtually a consolidation agreement, the lessees having pur¬
in 18o5. Succeeded
by existing company after foreclosure May 3, 1873. chased tke rolling stock. In February, 1877, the property was placed in
Opened to Shelby in Sept., 1875. Defaulted, and Receiver placed in pos¬ the hands of a receiver, and on April 1, 1877, default was made on con¬
session April 5, 1876. Sold in foreclosure May 31, 1880, for $1,200,000.
solidated mortgage interest. Reorganization followed [See scheme, V.
Earnings in 1873 79, $120,765; expenses, $256,806; prolits, $163,959. 26, p. 215], and has been a success. Of the $11.500,000 Lehigh &
In 1879-80,
The funded debt was Wilkesbarre Coal bonds, $6,116,000 are held by Central of New Jersey
gross, $166,519; net, $189,269.
3*6,000,000 ; total (cost of property), $10,202,000. Wilmington Bridge and are deferred, having no claim for interest till all other bonds are
bonds, $200,000, at 7 per cent, guaranteed bv company and acknowl¬ satisfied. No satisfactory report has been issued.sinco 1873. In Fel>
edged by Receiver. (V. 30, p. 3s4, 600, 622 ; V, 31, p. 63.)
ruary, 1881. Messrs. Jay Gould and Sidney Dilion were elected directors.
The Delaware A Bound Brook HR., opened May 1, 1876, oonueote thi*
Calawissa.—Dim. 31, 1879, owned from Taraanend, Pa., to Williams¬
port, Pa., 93 miles; branch, Summit Station to Silver Brook, 4 miles; road with the North Pennsylvania RR. and forms a route between New
fetal operated, 97 miles. Chartered as Little Schuylkill A Susquehanna York City and Philadelphia. It. was leased in 1879 to Philadelphia A
in 1831; name
changed to Catawissa Williamsport A Erie in 184 9. Reading RR. Tim American Dock A Improvement Company, which
a mortgago in 1877
Road opened Dec. 18, 1854.
Reorganized under present name in 1859. virtually owned by the railroad company, issued Jersey
to secure its bonds.
The operation* of the Now
Central only,
Leased from Nov. 1, 1872, for 999 years to Philadelphia A Reading.
Rental, 30 per cent of gross earnings and $8,000 a year for company exclusive of leased lines, showed gross earnings of $4,317,218 and ncl
expenses. Fmnleddebt is also assumed by lessees. Seven per cent u earnings of $1.371,580 in 1879, against $3.6 Id ,626 gross and $t,315j374*
net in 1878.
Gross revenue on all lines has been as follows:
fcuarantemt on the preferred stueiw.
Net earnings
Interest accrued
^
$-110,615
$547,275
$1,324,226
$901,226
is
KAILROAD
XX
Subscribers will confer a great favor
explanation of column headings, Ac., see notes
on first page of tables.
—
Central of New Jersey—(Continued)—
Lehigh <fc Wilkesbarre Coal Co., prior liens
do
do
Consol mort
L. & W. B. Coal Co., inc’me bds, rg. (not cum’lat’e)
Am.Dock* Imp.Co. bonds, guar. Ceut.of N. J—
Actfustment mort. (redeemable any time at par)..
Central Ohio— Common stock
Preferred stock
1st mortgage bonds
Central Pacific—Stock
1st mort.,
gold, (2 sinking funds, $50,000 each)..
California State aid, gold (s. fund,
$50,000)
lstm.S. Joaq’n Val. Br., gld (s.f. $50,000)
U. S. Loan, (2d lien on certain terms)
Western Pacific, 1st mort., gold, (s. f. $25,000)...
do
Government lien
Cal. A Oregon, 1st M., gold, guar., (8. f. $100,000)
C. Py mortg. on C. & O. Br. (s. f. $100.000)
San Fran. O. & A., 1st M. (8. i. $100,000)
Land grant mortgage bonds
Income bds.($0,000,000), skg.fd.,10 p.c.per ann’m
Charlotte, Columbia t£ Augusta—1st mort. consol...v
2d Mortgage
Chartiers— 1st mortgage
road.
Chesapeake<£• Ohio—Purcli. money funding bonds...
Cherry Valley Shar. <£ Al.—1st mort. lien on
1st mortgage, gold, “A’'
do
do “B”
2d mortgago, currency (income bonds)
Old mortgage, (Va. Cent. RR.) coupon
Miles Date
of
of
Road. Bonds
Size, or
par
Value.
Outstanding
m
m
m
....
m
m
m
i"37
137
137
2180
742
50
146
742
158
123
152
152
20
m-
m
„
.
195
195
23
21
„
1878
Cent.
Payable
100 Ac.
64
1,200,000
3,000,000
5,550,000
2,437,950
411,550
2,500,000
54,275,500
25,883,000
1,500,000
6,080,000
25,885,000
2,616,000
1,970,000
6,000,000
2,000,000
687,000
1.000
100 Ac.
50
50
100
1865-8
1864
1870
1,000
1,000
1,000
1869
1869
1868
1872
1870
1870
1878
1869
1872
1871
1869
1878
1,000
^
.
.
.
1,000
1,000
1,000
1,000
....
Where
Bonds—Princi¬
pal,When Due*
payable, and by Stocks—Last
Whom.
Dividend.
677
649
322
220
1,000
1,000
500 Ac.
1,000
1,000
1873
1863
100
500 Ac.
100
100
1.000
1,000
Paid from Net EarningsInterest.
Dividends.
Net
Leases.
$8,881,300
$4,005,782
4,468,075
$1,150,304
$808,059
1,128,434
1,059,549
983,113
700,345
099,134
1873-60945.
500 Ac.
807,400
058,243
$1,000,000
2,000,000
2,013,125
515,000
075,009
3,188,409
503,114
2,484,840
5,753,413
734,500
2,302,770
5,589,520
2,035,580
6,730,980
—(V.27, p.
28, p. 120, 223, 470, 578; V. 29, p. 197, G57 ; V. 30,
p. 272, 408, 506; V. 32, p. 205.)
Central Ohio.—July 1, 1880, owned from Bellaire, O., to Columbus, O.,
137 miles. Chartered in 1847 and opened in 1854. Reorganized in
1805. Leased to the Baltimore & Ohio, for 20 years, Nov. 11, 1800;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dec. 1, 1920, with the option of renewing for terms of 20
(>51;'V.
Sears $272,700. Lease rental (35 per in 1878-79, $840,512; to lessees,
Gross earnings cent), $296,279. Loss net earnlgs, perpetually.
In 1879-80 gross earnings were $1,003,565; net, $311,454
$351,247.
The road between Newark A Columbus (33
miles) is owned jointly with the Pittsburg Cincinnati & St. Louis RR.
Co. (V. 30, p. 544.)
$23,579.
lease rental,
3,285,000
1,807,500
500,000
500,000
300,000
2,350,000
2,000,000
15,000,000
10,000,000
918,000
2,153,300
806,000
10,065,300
2,425,400
4,379,850
2,363,000
Q.-M. N.Y.—Cent. RR. of
31-2
6,530,000
100 Ac.
100 Ac.
....
7
7
7
7
7
ii;5oo;ooo
1,000
434
434
Earnings.
3.282,910
When
.
Earnings.
8,009,270
7,411,037
6,983,173
Rate per
$4,500,000
i.ooo
....
sterling, for £900,000..
Amount
$....
1875
Gross
Years.
1873....
1874....
...5781
1870....
1877....
1878....
1879....
[Vol. XXXIL
by giving Immediate notice of any error discovered in these Tables,
-
Cheshire—Stock, preferred
Bonds, not mortgage
Chicago <6 A lto?i—Common stock
Preferred st’ek (7 p. c. y’rly not cumulative)
General mortgaged
1st mortgage
BONDS
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
-
3
6
3
6
7
6
6
6
6
6
9
8
6
8
7
7
7
7
0
6
6
6
6
g.
g.
g.
g.
g.
g-
g.
M.
J.
M.
J.
J.
M.
A.
J.
J.
A.
J.
J.
J.
J.
J.
A.
M.
J.
A.
g.
g.
g.
1*2
6
4
4
6 g.
7
A.
J.
J.
A.
M.
J.
J.
J.
J.
M.
M.
J.
J.
N. J. June 1, 1900
do
do
N.
May 1, 1888
do
do
J.
do
do
N.
May 1. 1903
Jau. 31, 1881
J. Balt., at B. A 0. office.
do
do
Jan. 31, 1881
J.
do
do
S.
Sept., 1890
O. N. Y. A San Francisco. Feb. 1, 1881
N. Y., Fisk A Hatch.
1895 to ’98
J.
J. Sacram’o State Treas.
July 1, 1884
N. Y., Fisk A Hatch.
O.
Oct. 1, 1900
U. S. Treasury.
J.
1895 to ’98
N. Y„ Fisk A Hatch.
J.
July 1, 1899
U. 8. Treasury.
1899
N. Y., Fisk A Hatch.
Jan. 1, 1888
A J.
New York A London.
Jan. 1, 1892
A J.
A J. N. Y.. Cent. Pac. Office. July 1, 1890
Oct. 1, 1890
N. Y., Fisk A Hatch.
A O.
A N.
May 1, 1888
A J. N. Y., Nat. Park Bank. Jau. 1, 1895
do
do
Jan. 1, 1910
A O.
A O. Philadelphia, Penn R.R. Oct. 1, 1901
AD. N.Y..Del. A Hud.Can.Co. Deo. 15, 1899
N. Y., Fisk A Hatch.
A J.
July 1, 1898
do
do
A O.
July 1, 1908
do
do
A N.
July 1, 1908
do
do
A J.
July 1, 1918
A J. N. Y., Company’s Office.
1884
Boston.
Jau. 10, 1881
A J.
do
A J.
July 1/80 A’9 6
A S. N.Y., Jesup, Paton & Co. Mar. 1, 1881
do
do
A 8.
Mar. 1, 1881
A J. Lond’n.J.S.Morgan ACo. July 1, 1903
A J. N. Y., Tesup, Paton A Co.
Jan.. 1893
A
A
A
A
A
A
A
A
A
A
A
A
Acres sold.
Years.
Oct. 1,
-
1870, to Dec. 31, 1872...
1873...
1874...
1875...
1876...
1877...
1878...
1879...
Total am’t.
122,765
$484,227
430,314
.
.
.
.
.
.
.
58,733
63,846
29,254
36,503
92,647
78,100
388,824
163,725
275,400
1,203,870
643,776
43.258
Av. per acre.
$3 94*2
7
G
5
7
12
00
09
60
54
9914
8 24 23«g
22 V
201,710
-fV. 28, p. 60, 121, 477. 623; V. 29, p.95, 405,43*. 51 0.563; v 30,
p. 248, 514; V. 31. p. 151, 428 535, 558, 652, 672; V. 32, p. 69, 93,
.
0
.
121, 154, 199.)
Charlotte Columbia cC A ugusta.— Sept.
30,1879, owned from Charlotte,
Augusta, Ga., 195 miles. Consolidation (July 9, 1869) of the
Charlotte A South Carolina and the Columbia A Augusta, the first
opened in 1852 and the latter in 1867. The ro.'id has oeen under the
control and management of the Richmond A Danv. since 1878. Gross
earnings in 1878-9, $478,491; net, deducting taxes, $232,009, against
$152,228 in 1877-8. Interest paid, $192,142. There are, in addition
to the above bonds, $189,500 of old Columbia A Augusta bonds yet
outstanding, due in 1890. Stock issued, $2,480,000. (V. 27, p. 280; V.
28, p. 96; V. 30, p. 271.)
N. C., to
.
Central Pacific.—Dec. 31,1879, owned from San Francisco, Cal., to
Chartiers.—Dec. 31, 1879, owned from Mansfield, Pa., to Washington,
Ogden, Utah, 883 miles, and auxiliary lines, 330; total, 1,213 miles; Pa., 23 miles. Chartered as C. Valley in 1853 and opened in 1856.
operated under lease or contract—the Southern Pacific, 732; California Sold under foreclosure, and reorganized in 1871. Leased for 99 years
Pacific, 115, and others,304; total, 1,147 miles; total length of road from January 1, 1872, to the Pittsburg Cincinnati A St. Louis; the
operated and accounted for Jan. 1,1880, 2,360 miles.
rental is net earnings. Gross earnings m 1879, $84,660; net income,
This was a consolidation (August 22, 1870) of the Central Pacific,
$24,749. Interest, $35,000. Capital stock, $648,302, and funded debt,
California A Oregon, San Francisco & Oakland, San Francisco & Alameda
$500,000; total liabilities, $1,148,302. (V..28, p. 377; V. 30, p. 382.)
and San Joaquin Valley railroads. In connection with the Union Pacific,
t
the Central Pacific forms a continuous line from San Francisco, Cal., to
Cherry Valley Sharon rf Albany.— Sept. 30, 1879. owned from
Council Bluffs, la. (1,918 miles), and there connects with the lines east¬ Cobleskill, N. Y., to Cherry Valley, N. Y., 21 miles. Chartered in 1869
ward. Construction was commenced in February, 1803, and the main and opened in 1870. Leased on completion to Albany A Susquehanna.
line (Sacrampnto to Ogden) opened May 10, *.S09. The Union Pacific Sold to Delaware A Hudson Canal Co. for $320,119. Rental $21,000 a
was completed on the same day.
The prices of stock and monthly earn¬ year. Capital stock, $387,650, and funded debt, $300,000.
ings have been as follows:
Chesapeake
Ohio.—Sept, 30, 1880, owned from Richmond, Va., to
Prices of Stock.
Monthly Earnings.
Huntington, W. Va., 428 miles; branches 9 miles; total operated, 437
1880.
1879.
1880.
1881.
1881.
January... 87 - 81*4
98 it- 80 $1,089,160 $1,200,614 $1,498,000 miles. Consolidation of Virginia Central and Covington A Ohio, and
opened through March 1, 1S73. Extension to deep water (seven miles)
February.. 845b- 80*s
1,050,091 1,070,487
completed in Dec., 1873. Defaulted in 1873 and (Oct.9, 1875) Receiver
83 V 76
1,280,272 1,373,438
March
appointed. Sold under foreclosure April 2, 1878, for $2,750,000, and
1,400,000 1,350,716
April
80 - 72
reorganized under present auspices. The annual report for 1879-80 was
May
72 - 63
1,579,591 1,778,488
published in V. 32, p. 154, and the President, Mr. C. P. Huntington, said
June
1,443,088 1,724,950
73 - 65
in his report, after referring to the extensions and improvements in
74*2- 69
1,458,833 1,840,007
July
progress ; “ The financial condition of your company is good. Before
August
784- 734
1,550,457 1,973,438
any considerable amount of money will be required to meet the interest
September. 76 - 714
1,649,429 1,904,997
on its bonds,
the whole line of road will bo laid with steel rails,
October.... 794- 72
1,809,022 2,120,229
well equipped with
rolling stock, and the track thoroughly bal¬
November
1,488,142 2,154,000
804- 784
lasted, and, most of the way, with broken rock. Bonds falling due
December
974- 81
1,335,870 1,853.000
The brief income account for the last six months of 1880 (V. 32, p. 09) within the next five years, amounting to $840,407 (many of which bore
showed gross revenue from all sources of $12,506,230 and surplr s over 8 per cent interest), have been called in and paid with the proceeds of
all ohargesof $2,216,230; of this the dividend of Feb., 1881, took $1,778,- twenty-year 0 per cent bonds, which have been sold at considerably
above par.” Earnings and expenses were as follows:
265. Earnings and dividends for several years have been as +v»Howb :
Gross
Ave.
■
Gross
Operating
Net
Divi lend
Operating
Net
Years. Miles.
to otock.
Years.
<*
Earning^.
Accounts.
Earnings.
Earnings.
Earnings.
Expenses.
1873.. 1,221
$12,803,953 $4,909,272 $7,894,081 $1,028,205(3)
$1,460,190
$1,214,340
$245,8o0
1874.. 1,216
5,268,132
8,342,899
2,713,775 (5)
13,011,031
1,459,189
• 1,112,321
346,868
1875.. 1,293
9,177,882
15,165,082
6,487,200
5,427,550(10)
356,476
1,599,512
1,245,036
1876.. 1,425
16,996,210
7,857,211
9,130,005
4,342,040(8)
1,702,533
1,363,225
339,308
1877.. 1,783
8,690,726
16,471,144
7,774,418
4,342,04018)
1,936,360
341,621
1,594,739
1878.. 1,941
17,530,858
8,780,312
8,750,546
1.891,542
1,507,332
384,209
1879.. 2,178
17,153.103 10,207,862
0,945,300
1,945,018
569,227
2,514,245
Leased lines rentals in 1879 are included in operating expenses, but in Under the reorganization tho stocks are as follows; Capital stook,
1878 they were included for six months only.
common, $15,906,138;
preferred stock—first. $6,347,803; second.
GENERAL BALANCE DEC. 31, 1879.
$7,646,310. The “B” bonds take interest in first preferred stock till
RR. A appurtenances.$135,021,029 Capital stock
$54,275,500 November, 1881; in 1881-82 3 per cent cash and 3 per cent stock; in
57,030,000 1882-83 4 por cent cash and 2 p. c-t. in stock, and thereafter all cash. The
Rolling Btook
8,030,408 Funded debt
Real estate & build'gs
2,549,297 Bills payable
4,212,900 second mortgage currency bonds till July, 1884, take interest in second
Materials and fuel
1,131,005 preferred stock, then for two years partly in that stock and partly cash,
2,220,428 Other liabilities
1,405,455 and afterwards all cash, if the earnings are sufficient—“ all interest not
Stocks and bonds
982,184 Current accounts
Bills receivable
1,021,303 Profit and loss
15,3S2,538 paid in cash to be paid in second preferred stock.” (V. 28, p. 41,172,
502, 525; V. 29, p. 17, 66. 670; V. 30, p. 141, 248; V. 31, p. 204, 405,
Aocounts
5,423,093 United States subsidy
bonds
Cash on hand
540,906
27,855,080 483, 509, 652 ; V. 32, p. 154.)
Sinking funds
4,008,662
Cheshire— Sept. 30, 1879,owned from South Ashburaham, Mass., to
$101,353,739 Bellows Falls,
Oth’r prop’ty & assets
1,489,044
Vt., 54 miles; leased. South Ashburaham to Fitchburg, 10
miles; total operated, 64 miles. Opened in 1848. $51,000 rental paid$101,353,739
to Vt. A Mass, for leased portion of road.
Gross earnings in 1878-79,
Interest on bonds, $3,007,885. The annual report for 1879 was in the
$487,449; net earnings, $87,754. Dividend, 1*2 per cent. Capital sto*k
Chronicle, V. 31, p. 151. The land department makes the following
comSon,$53,300, and preferred, $2,100,000; floating debt, $25,703,
exhibit; Total grant from the United States (12,800 acres per mile),
and profit and loss, $33,808 ; total liabilities, $3,043,811. Per contra
7,997,600 acres; giant to the California A Oregon Railroad, 3,724,800 —Road and equipment, $2,717,535; materials, $141,110; and cash
acres; total, 11,722,400 acres.
The .tuuls have been sold mostly on five and cash assets, $185.165;
total property and assets, $3,043,811. New
years’ time, with a cash payment or 20 per cent at time of purchase. 6 per cent bonds for $586,000 authorized to redeem bonds of 1880. (V.
In Januar*, 1881, the trustees called for $400,000 bonds. There had
been sold -rlor to the execution of the land mortgage, October 1, 1870, 27, p. 537 ;.V. 30, p. 518.)
Chicago & Alton.- Dec. 31, 1879, owned from Joliet, Ill., to East St127,637 r crea for $295,065, and since that date as follows :
^
,
,
.
.
...
....
..
-
—
February,
Subscriber* will
For
explanation of
on
Chicago &
column headings, <fcc., see notes
tables.
first page of
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
Alton—(Continued)—
220
38
38
150
37
37
150
101
101
bonds
Joliet & Chicago, 7 per cent, stock
do
do
1st mortgage, sinking fund
St Louis Jack. & Ch., 1st mortgage
do
do
1st M. endorsed by C. & A.,
do
do
2d M. endorsed by C. & A..
do
do
2d mortgage
Louisiana & Missouri, 1st mortgage
2d mort.(int. guar. C. & A.)
do
do
Inoorne
pref. stock
1
Bonds for K.C.St.L.& C. line, s.f. $00,000 after’79
guar. C. & A
Preferred stock do
C. & A. bonds on Miss. Riv. Bridge, 1st mort., gold
Chicago Burlington <& Quincy -Stock
1st mortgage, sinking fund, (trust)
Consolidated mortgage coupon, (for $30,000,000)
Trust mort.on Iowa lines,coup.or reg.(s.f. l*gp.c.)
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
do
do
46781
....
guar.
Plain bonds (coupon or registered)
Bonds of 1875, (sinking fund $13,860
Dixon Peoria & Haunibal, 1st m...
Ottawa, Oswego & Fox Riv., 1st m
1
....
....
1682
466
825
689
100
96
f
PmiT.nT1
1
l, Vi ^
mort\
Illinois Grand Trunk, 1st
Quincy & Warsaw, 1st mortgage ..
B’ds for St. L. R. I. & C. (sink, fund
162
per year)..
I
J
eu’ [
$50,000) coup.
url.& Alton & 1st .on r’d&400.000 ac’s I’d ) Cp.
§uincyMo. Riv., St. Louis,
1st mortgage, quar
>
1st M. on br.,C.B.&Q.stk.(5tli ser.)
Conv. bonds, C.B.AQ.stk.(6tli ser.)
do
do
Burl. & Mo.
do
do
or
) reg.
....
....
40
70
44
40
270
46
281
40
in Neb., bonds, convert, till Jan., 1882
consol.M.for $14,000,000, s.f. $30,000
Omaha & S. W., 1st M., guar
.
....
1862
....
'
1857
1864
1864
1868
1868
1870
1877
....
1878
....
Amount
Outstanding
100
....
1,000
1858
1873
1879
1,000
....
1,000
1,000
1872
1875
1869
1870
500&c.
1870
500 &c.
1870
1876
1876
1863
1869
1870
1873
1,000
1,000
1,000
191
49
1878
1872
....
133
50
500
500
500
600
1877
1,000
1,000
present corporation succeeded to the
property, which was sold under foreclosure in the following year and
transferred to new organization in October, 1862.
Chicago and Sr.
Louis were connected by the present line in 1864.
xhe Joliet
& Chicago is leased from January 1, 1864, for the; term of its
charter, and formB part of the main line. Rental, 7 per cent on stock and
8 per cent on bonds. The St. Louis Jacksonville & Chicago is leased in
perpetuity from April 30,1868, at a rental equal to 40 per cent of gross
earnings until the amount reaches $700,000, with a minimum of $240,000
a year.
Common stock, $1,293,000; preferred, $1,034,000; V. 32, p.
176. The Louisiana & Missouri River is leased for 1,000 years from Aug.
1,1870. Rental, 35 per cent of gross earnings, but interest guaranteed
on second mortgage bonds and preferred stock as above; the other pre¬
ferred stock is $1,010,000 and common stock $2,272,700.
The Chicago
& Illinois River R. R. was sold in foreclosure Sept., 1879, and purchased
by this company. The Kansas City St. Louis & Chicago was opened
through May 1,1879. It was built by the Chicago & Alton Company,
and is leased to said company in perpetuity from November 1,1877. at a
rental of 35 per cent of gross earnings, less taxes and assessments. The
bonds are held by United States Trust Company as security for the C. &
A. bonds of 1878 issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees. The Mississippi River Bridge
is leased in perpetuity from December 3,1877, at a rental of $63,000, to
be applied in payment of 7 per cent on $200,000 stock, and 6 per cent on
$700,000 bonds. New common stock (C. & A.) for $1,000,000 issued
May, 1880, see V. 30, p. 408. Prices of stock and monthly earnings
have been:
Prices of Stock.
, Monthly Earnings
1881.
1880.
-Preferred.
<fe O.
1881.
Jan.109V 99*2156 -149
,
1880.
Feb. 110*4-106*2
-
120 -117
122 -122
-106*4
-
1881.
153 -153
---
Mar.116
Apr.115 -108
-
May 108*2-103*2
J’ne.113 -106*2
July 11538-110
Aug 118 x113*2
-
8eptll8 -113
Oct..l367e-n2*2
-
144 -140
160 -142
report for 1879 in V. 30, p. 246.
-131
Deo.159V136
Nov. 144
127 -124
124 -122*e
130 -130
130 xl25*2
130 -130
142 V142 *2
-
Annual
have been as follows
-
.......
-
-
-
$
524,055
7.5
8
8
8
8
5
5
7
8
8
8
6
F.
A
*
J.
J.
J.
J.
J. &
8
4
with trustees.
Prices
1 QQ1
1
1
103*2-10*2
117*2-111*8 152 -136
122*4-115*2 148 -144*2
115*4-11238 149*2-140*2
Apr. 106 -101*4 115 -112*2 14934-123
May 105V100
118*2-113*4 xl25-113*2
J’ne 108 -104
116 -114^x122-113
x25*4-120
J’ly .11478-106*2 119 -116
length
-
0*
1018,755 1260,319
1171,303 1619,227
1160,968 1434,515
993,823 1566.661
1315,559 1610,16$
1484,316 1579,465
1709,932 1599,533
1327,679 1510,480
1438,167
with an article on the
general situation of the company, in the Chronicle, V. 30, p. 334, 354
Comparative statistics for four years are as follows:
1879.
1878.
-108
124 -11378 146 -134*8 .1....Nov.112*2-H0
123*4-117*4 175*2-145*2
Dec.Ill -105*2 134*2-119
183*2-167
The last annual report was published at length,
1876.
Miles owned
Miles leased and
Total
1877.
1,297
1,575
46
46
1,343
1,621
controlled
operated
earnings
12,057,795
operating expenses. 6,475,252
Total gross
Total
Net earnings
P.c. of oper.exp.to
105
97
1,709
$
1,857
12,551,454 14,119,665 14,817,105
6,851,155 7,533,135 7,228,222
5,582.543 5,700,299
54-58
53-70
earn’gs
1,760
1,604
;
6,586,530 7,588,883
48*74
53-35
INCOME ACCOUNT.
$
5,582,543
Total income
Disbursements—
*
$
5,700,299 6,586,530 7,588,883
84,263
131,395
1,991,957
2,108,469
418,234
327,159
2,749,065
2,479,715
241,104
31,442
194,082
155,695
2,155,972
179,093
2,110,938
*603,437
328,844
2,212,827
3,0S1,985
223,313
230,493
H23.085
1,000,000
1,000,000
381,015 235,286 .234,445
Including $264,656 taxes ’73 & ’75. t Balance of accounts written off,
144,942
Balance, surplus
GENERAL
BALANCE AT CLOSE OF
Railroad, buildings,
*•
Equipment
hand
Total
Liabilities—
Stock, common
Stock, B. &M
Income
account
Renewal fund..;
Miscellaneous
Profit aud loss
Total liabilities
1,633,958 1,711,929 1,756,434 1,244,276
888.655
753,589
524,796
518,447
79,011
172,491
529,661
16,252
1,985,083
1,695.842
862,485 1,062,650 1,348,559 1,273,415
876,019 1,067,889
619,171
60,434
50,362
55,725
49,369
65,270,003 67,557,078 70,066,742 74,801,229
$
$
27,822,610 30,883,60a
27,377,610
267,306
134,206
120,856
3,800
2,360,014
4,482,000
81,205
29,000
2,963,086
3.233,000
2,164,015
26,122,826 27.058,725 27,270.225
2,651,825
3,819,000
1,437,722 1,749,229
3,991,384 3,946,532 4,181,818
1,000,000
796,302 1,413,760
145,508
151,582
4,416,263
2,000,000
1,462,285 1,644,582
105,839
31, p. 179,
228,240,269,
76,602
70,066,742 74,801,229
388,817 acrea, all of
close of 1878. The
The grant
(V. 29, p. 67,
354, 519, 533, 666; V.
288, 381,405, 428,453,588, 652; V. 32, p. 16*
65,270,003 67,557,078
grant brought iuto the consolidation was
which, except 39,932 acres, had been sold by the
assets at the close of 187$ amounted to $4,909,431.
was made to the Burlington & Missouri River Railroad.
119, 356, 65S; V. 30, p. 16, 116, 221, 248, 334.
The land
$
‘
Due from St.L.R.I.&C.RR.
Trustees B. & M. I’d grant.
Trustees C. B. & Q. s. fund
Miscellaneous items
$
52 251
404,553
Materials, fuel, &c
on
EACH FISCAL YEAR.
54,840,462 58,112,329
c/io n 151
9,446,499 in
10,305,749 11,131,683
8,986,754
Stocks owned, cost
Bills and acc’ts receivable
Cash
'
$
&c....50,193,931 53,384,339
o non i-r?- t
a a n a iu\
$
Assets-
Burlington & Quincy on its leases of the numerous branch 44, 121.)
usually gave them a traffic guarantee of 40 or 50 per cent for pur¬
The Chicago
xoade
-
Oct.. 113
........
68.)
and
-
.
119*2-11338x39*2-126*2
Septll258-10878 115*8-113*4 140 -126
Carried to sinking fund...
Miscellaneous
Transf'd to renewal fund.
680,952
553,564
Operations, earnings, &c.,
1880.
Q
1879.
.
182*2-16738 1105,008 1200,238
982,377 1180,853
1071,738 1453,611
Aug 112*2-108*4
Rentals paid
Interest on debt
Taxes
Dividends
proposed in January, 1881. (See V. 32, p.
121.) The Republican Valley RR. stockholders were given a deferred
stock entitled to no dividends before Jan. 1,1885, at which date it is ex¬
changeable into C. B. & Q. stock. The Kaus. C. St. Jo. & Council Bi. and
branches was purchased. 254 miles. See statements of those roads, prior
to consolidation, in Supplement of April 24, 1880; also in Chronicle,
V. 30, p,
aud V. 31, p. 228- The OiO'jCgo Burlington & Quincy was
a consolidation than. 1, 1873- of the OLc -a^o Burlington & Quincy in
Illinois and tne Burlington & Missouri River in Iowa. The Q. A. &St.
was leased in perpetuity from Oct. 1,1876, at a rental of $42,000
a year.
The St. L. R. I. & C. was leased from Oct. 1,1876 ,at a rental of
$175,000 a year.
1, 1893
Oct.
consolidated mortgage
for 8t. Louis Rock
& Quincy,
Island & Chicago
of stock aud monthly earnings
27,227.811
operated at close of 1878, 1,670 miles. During the
370.432
year 1879 the Iowa branches were extended in the aggregate a
of Bonds
22,986.325
114*fi miles (10 in Missouri). The total length of road operated Jan. 1,
2,043,575
1880, was 1,856 miles. In February, 1880, the St. Joseph & Des Moines Bills payable
2,072,952
(narrow gauge), 23 miles, was purchased. Subsequently, in 188<>, the Sinking funds
4,515,000
Burlington & Mo. in Nebraska was absorbed, 630 miles, including leased Contingent liabilities
Hues. A stock dividend of 20 per cent was then made, and a further Land grant sinking fund.. 1,114,640
6623 was
A do
Monthly Earnings.
Jan.
Feb lOGV 99*4
Mar. 101V 993i
for seven years past:
Operating
Net
Dividends
Expenses.
Earnings.
on Stock.
Years.
F,arnings.
$3,376,255
$2,121,286
$1,135,080
$5,497,541
2,901,351
2,224,877
1,135,080
5,126,228
2,604,124
2,052,638
1,021,572
1875
4,656,764
2,691,061
2,269,468
985,652
4,960,529
2,107,337
926,898
2,357,006
4,464,343
2,515,134
2,156,385
448,262
4,671,519
3,049,520
2,706,156
765,776
1879
5,755,677
—(V. 28, p. 274, 298, 400, 428, 624; V. 30, p. 246, 408;
p.
Chicago Burlington <& Quincy.—Jan. 1. 1880, owned from Chicago,
Ill., to Plattsmouth, la., 484 miles; branches in Illinois, 570 miles,
in Iowa 267 miles; leased lines in Illinois, 321 miles, and lines operated
under contract for joint use in Iowa, 27 miles; total lines and branches
stock dividend of
1. 1883
July 1, 1918
June I, 1896
Jan.
1
Prices of Stock.
1Q7Q
Gross
owned, leased and
July, 1890
1, 1901
Feb. 1, 1896
Oct. 1, 1893
July 1, 1894
July 1. 1889
Oct.
Boston, Office.
A. & O.
7
<
497,013
626,473
V/31,
D.
....
....
road deposited
have been;
$
487,890
542,961
616,128
617,524
708,906
761,120
767,349
785,199
Aug., 1900
1, 1900
Feb., 1881
May 1, 1903
Feb. 2, 1881
Oct. 1, 1912
Mch. 15, 1881
Jan. 1, 1883
July 1, 1903Oct. 1, 1919
July 1, 1890
Oct. 1, 1890
Jau. 1, 1896
June 1, 1895
July, 1889
July, 1900
Oct., 1890
Nov.
chasing their bonds. Enough of the C. BV& Q.
is reserved to take lip prior debts. The bonds of 1876
Island & Chicago Railroad are plain bonds of Chic. Burlington
offset by mortgage of like amount on St. Louis Rock
10, 1861, the
-Common.—
July, 1898
N. Y., Bk. of Commerce.
do
do
& J.
& J. N.Y.N.Bk.of Com.&Bost
& O. N. Y., Bk.of Commerce.
Frankfort.
& J.
& O. N.Y., N. Bk. of Com’rce.
Boston, Co.’s office.
& J.
Boston. Co.’s Office.
& D.
& J. N.Y..N. Bk. of Com’rce.
& J. New York and Boston.
Boston.
& O.
& J. New York and Boston.
Boston.
& 0.
& A. N.Y.,Farmers’ L.& T.Co.
& O Boston and New York.
do
do
& J.
do
do
& J.
Boston, Office.
& J.
do
& J.
,
1880.
July, 1898
Q.-M.
4 g.
7
1,565,000
1,836,000
....
244 miles;
act of February
J.
J.
A.
J.
A.
J.
J.
J.
J.
A.
J.
A.
279,000
370,500
600,000
7,605,000
1,034,000
do
do
do
do
Q—F.
8
7
4& 5
4,621,250
&c.
&c.
&c.
&c.
&c.
do
do
do
do
April, 1894
April 1, 1894
do
M. & N.
F. & A.
M. <fc N.
A.
720,000
2,356,000
840,000
Jan., 1881
July, 1882
do
do
do
do
do
do.
& J.
F. & A.
J.
1*2
1,076,000
890,500
1,000
do
do
do
do
do
A. & O.
A. & O.
J. & J.
6
2
399,000
546,500
Jan., 1883
N.Y.,Jesup, Paton & Co.
N. Y. U. S. Trust Co.
J. & J. N.Y., Jesup, Paton & Co.
8
7
7
7
7
7
7
3 *2
6 g.
600,000
741,000
653,000
8 b 8,475
....
Stoclcs—Last
Dividend.
Whom.
Payable
Q.-J.
1%
13,695,000
1,000
pal,^When Due.
Payable, and by
Where
When
A. & O.
7
700,000
52,000,000
2,711,000
1,000
branches—ta Coal City,’4 miles; Dwight to Wash¬
ington and Lacon, 80 miles; Roodhouse to Louisiana, 38 miles; leased—
Chicago to Joliet, 37 miles; Joliet to Mazon River, 24 miles; Blooming¬
ton to Godfrey, 151 miles; Louisiana to Cedar City, 101 miles;
Kansas (3ty to Mexico, 162 miles; total operated, 841 miles. Char¬
tered as the Chicago & Mississippi, February 27, 1847; reorganized
under act of January 21,1857, as Chicago Alton & 8t. Louis, and under
Louis, Ill.,
Rate per
Cent.
$500&c. J $1,096,000
100
1,500,000
306,000
1,000
2,365,000
1,000
564,000
1,000
188,000
1,000
360,000
1,000
1,851,000
1,000
300,000
1,000
100
262,100
3,000,000
1,000
100
1,750,000
1877
....
Republican Valley RR., deferred stock
Bur.& Mo., Nebraska RR., consol, mort., guar
Tables,
Bonds—Princi¬
giving immediate notice of any error discovered in tbese
INTEREST OR DIVIDENDS.
confer a great favor by
DESCRIPTION.
xxi
AND BONDS
STOCKS
RAILROAD
1881.]
ixii
KAILROAD
SnbHcrlW* will confer
a
Milos
For explanation of oolunm headings, &o.f see notes
\:h
drat page
of tables.
Bonds, s. f. for Atchison A Neb. RK. stock
Atchison A Nebraska, 1st mortgage
•Council Bluffs A St Joseph, 1st mortgage
Date
of
of
Road. Bonds
do
52
274
income bonds, reg...
Chicago <& Canada Southern— 1st mort., gold
Chicago Cincinnati <£ Louisville—1st mort
Chicago Detroit
Canada Grand Junction—1st M
Chic. <6 Last. Ill
1st M., coup. is.f.$20,000 after’85)
2d mortgage income (noil-cumulative)
Chicago d- Grand Trunk—1st mortgage, sterling
2d mortgage, income
Chicago <C Iowa—1stmort., coup., may be reg
Chicago Iowa <£ Nebraska—Stock
.
—
2d mortgage (now
do
3d
(now
1880
1878
1866
1877
1877
1872
1867
i‘49
City St. Jo. A C. Bl., mortgage
do
I
BONDS.
FVol. xxxir.
Size,
Bond*—Princi¬
INTEREST OR DIVIDENDS.
or
Amount
Par
Value.
Outstanding
Rate per
Cent.
When
Payable
Where Payable, and by
pal,When Due.
Whom.
Stocks—Last
Dividend.
Chicago Burlington & Quincy—(Continued)—
Kansas
if
AJSTD
ereat faror by glring Immediate notice of any error discovered in tbm« Tables*
DESCRIPTION.
on
STOCKS
1st)
2d)
Chicago Milwaukee i& Hi. Pan (--Com. 6toek
Preferred st’ek (7 p. c. y’rly, not cumulative)
Consolidated mortgage (for $35,000,000)
1st mortgage (Lacrosse Div.)
j © i
2d mortgage
1st mortgage (Iowa A Minnesota)
1st mortgage (Minnesota Central)
1st mortgage (Iowa A Dakota)
Ext.($15,000 p. m.)
1st mortgage (Prairie du Chien)
2d mortgage (Prairie du Chien)
Milwaukee A Western
fit. P.A C.lst M.(Riv.Div.) $ A £(eonv.)..
1st mortgage, Hastings & Dakota
1st mortgage, Chicago A Mil. lino
Bonds for Davenport & Northwest RR
1st mort. on 8. W. Div. Western Union RR
1st mort. on Chic. A Pac. Div
1st mort. on So. Minnesota Div. ($0,000,000)
1st mort., In. A Dak.
....
67
73
59
131
131
320
320
80
82
82
82
$1,000
1,000
....
1860
1863
1,729
1,729
....
....
1875
1863
1864
1867
1804
1869
1878
1868
1868
1861
....
370
370
220
49
....
300
235
235
....
1872
1872
130
75
85
160
212
500 Ac.
....
100 Ac.
100 Ac.
£100
500
6,000,000
4,000,000
1,000
1,750,000
100
100 Ac.
500 Ac.
100
100
3,916,200
568,200
211,500
15,404,261
12,279,483
.
1,000
8,433,000
6,600,000
496,000
3,810,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
183,000
577,000
3,500,000
3,674,000
1,315,000
1,000
219,000
4,000,000
160,000
2,500,000
1,785,000
....
1,000
1,000
(?)
1873
1879
1879
1880
346
1 880
1.000
....
1,000
1,00 >
Louisville—Doc. 31, 1879, owned from Peru,
Opened in 1858.
2.488,174
2,541,000
1,000,000
1,095,000
2,925,000
714,329
1,000
Chicago d- Canada South —Dec. 31,1880, owned from Grosse Isle, Mich.,
Chicago Cincinnati
4,495,522
'
to Fayette, O., 07 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore & Mich. South.
It has a capital.stock amounting to $2,007,400
and a bonded debt of $2,541,000, aud owes upwards of $1,200,000 over¬
due coupons. Original cost, $5,170,557.
It is a part of a projected line
between Chicago and Detroit River, but failed in 1873.
It is said that
the road will be extended to a connection with the Lake Shore A
Michigan Southern Railroad at Elkhart or Chesterton.
Ind., to La Porte, Ind., 73 miles.
500,000
100 Ac.
100
....
1877
1877
1880
1880
1871
$3,347,000:
1,125,000
100 Ac.
It is
a
reorganiza¬
tion of the Cincinnati Peru A Chicago, and forms a part of the lino
from Indianapolis to Michigan City. No information is furnished by the
officers.
Chicago Detroit <t Canada Grand Junction.—Dec. 31, 1879, owned
from Port Huron, Mich., to Detroit, Midi., 59 miles. Opened in 1859.
Leased to Grand Trunk of Canada. Operations, expenses, Ac., included
in lessees’ returns.
Rental—interest, quarterly, $05,700, and dividends,
semi-annually, each 2
per cent, $43,800. Capital stock, $1,095,000, and
funded debt, $1,095,000; total liabilities (representing cost of property),
$2,190,000. Tlie road is the absolute property of the lessees, but a
separate organization is maintained in Michigan.
Chicago d- Eastern Illinois.—August 31,1880, owned from Dolton, Ill.,
to Danville, Ill., 107*2 miles, and Bismarck, Ill., to Coal Creek, Ind.. 24
miles; leased, Dolton to Chicago (C. C. A I C.), 20*2 miles; Evansville
T. Haute A C. RR., Terre Haute to Danville, Ills, 55 miles; total oper¬
ated, .207 miles. A new line from Dolton into Chicago is being built by
tho Chicago & Western Indiana Railroad Company, and has been leased
to this company.
Evansville Terre Haute. A Chicago, leased May 1.
1880, for $7r>,000 per year. Chartered as Chic. Danv. & Vine, in 1865,
and opened in 1872 and 1873. Sold under foreclosure February 7, 1877,
and reorganized under existing style September 1, 1877. Gross earn¬
ings in 1879-80, $1,020,794; net earnings, $389,415; payments—taxes,
rentals and interest,
$264,905; surplus, $124,5:18.
Capital stock,
August 31, 1880, $333,054; mortgage, $3,000,000; income bonds,
$714,329; bills payable, &e., $97,663; accounts, $158,100; and income
balance, $204,956; total liabilities, $4,511,680.
Per contra— Cost of
road and equipment, $4,136,348; mortgage bonds on hand, $75,000,
and sundry accounts and balances, $300,334; total property, Ac.,
$4,511,680. Dec. 1, 1880, 4 per cent interest for 1879-80 was paid on
inoorne bonds. (V. 28, p. 113, 327; V. 29, p. 146, 488; V. 30, p. 91,
221; Y. 31,p. 327, 451, 510.)
Chicago <£ Grand Tirnnk—This is the consolidation of roads between
Detroit and Chicago formed in April, 1880, under the control of the
Grand Trunk of Canada. It includes tho former Port Huron & Lake
Michigan and the Peninsula roads, sold in foreclosure. Stock, $6,600,000.
—(V. 30, p. 322,384)
Chic, tf Iowa.- June 30,1879, owned from Aurora,Ill., to Foreston. Ill.,
80 miles; leased, Flagg Centre to R^kfoul, 24 miles; total operated, 104
miles. C lartered in 1869 and opened in 1872. In hands of a Receiver for
two years and a-half, and sold Mar. 9,1878, in foreclosure of second mort¬
gage of $1,150,000. and a resale ordered.
Compromise effected, and
4,000,000
3,000,000
7,000,000
•*
4
7
7
7
6
7 g.
7
6
6
7
6 g.
7
8
4
7
7
.
3*g
3*2
A J. Boston, N. E. Trust Co. Jan. 1, 1910
A S.
Mar. 1, 1908
Boston, at Office.
A J. Boston and New York.
Jan. 1, 1880
A J.
do
do
Jan. 1, 1907
A O.
Jan. 1, 1907
Boston, at Oilioe.
A. A O. N. Y., Union Trust Co.
April 1, 1902
J. A J. N. Y., Farm. L. A T. Co.
Jan., 1887
J. A D.
London, England.
J. A D. New York, 4th Nat. Bk.
June, 1907
Dec.
do
do
Dec , 1907
J. A J.
London.
h
1900
New York.
Sept.
1930
J. A J. New York and Boston. July 1, 1901
J. A J. Boston, by Treasurer.
Jan. 1, 1881
J. A J. Boston, Merchants’ B’k. July 1, 1883
F. A A. N. Y., Nat. Park Bank. Aug. 15, 1892
New- York, Office.
Get: 15, 1880
A. A O.
do
do
Oct. 15, 1880
J. A J.
do
do
July 1, 1905
J. A J.
do
do
1893
A. A O.
do
do
1884
J. A J.
do
do '
1897
J. A J.
do
do
1894
J. A J.
do
do
1899
J. A J.
do
do
July 1, 1903
F. A A.
do
do
1898
F. A A.
do
do
1838
J. A J.
do
do
1891
J. A J. London and New York.
Jan., 1902
J. A J.
New York, Office.
1902
J. A J.
do
do
1903
do
do
1919
J. A J. N.Y., Mil. A St.Paul RR. July 1, 1909
J. A J.
do
do
Jan. 1, 1910
J. A J.
do
do
J an. 1. 1910
J.
M.
J.
J.
A.
•
7
7
7
7
7
7
7
8
7-3
7
7 g.
7
7
5
6
6
6
••
•
Chicago Clinton Dubuque A Minnesota (under lease), 300 miles. See
Si;ei’LEMiiNT of April 24, 1880, for condition of bonds of these
roads before the merging. The Milw aukee A St. Paul RR.
Company
was organized May 5, 1863, and 'embraced a number of other
com¬
panies, including the Milwaukee A Mississippi, the Prairie du Chien,
the Lacrosse A Milwaukee, and others.
Tile Milwaukee A St. Paul
afterward purchased the, St. Paul A Chicago Road and others,, and
built the line from Milwaukee to Chicago,
and on February 11,
1874, the company took its present name.
In February, 1880, tho
Hastings A Dakota RR. was also reported as purchased, and in March
and April the Chicago A Pacific purchased and the Sioux
Oitv A Dakota
leased. The Western Union Railroad was leased in 1879 for 999
years,
and the bonds were to be retired by the issue of the
Chicago Milwaukee A
St. Paul bonds secured by mortgage oil that road.
Of the consolidated
mortgage bonds of 1875, enough are reserved to take up tho prior bonds,
and any of the holders of those bonds
(except tho Iowa A Dakota
division) may exchange them for the consol, bonds. Tho latter had a
sinking fund of 1 per cent per annum, but holders may have their bonds
stamped and discharged from the operation of the sinking fund. The
were all to bo exchanged for tho bonds of this
company secured on that lino (see V. 30, p. 433), and tho condition of
those bonds before consolidation may be seen in the Supplement of
April 24, 1880. Prices of stock and monthly earnings of the Chicago
Southern Minnesota bonds
Milwaukee A St. Paul have been :
Prices of Stock.
-Common.-Preferred .1880.
1881.
1880.
1881.
Jan. 80V 75i4 124i4-109i4 103V10038 132 -122
Feb. 81V 76J4
104i8-102is
Mar. 85V 79
107VIO314
Monthly EarningB.
,
Apr. 83V 75^8
May 78 - 66*2
J’ne, 81V 68*2
July 89 - 73
Aug. 91V 87
Sept 95V 87*2
105V102
102V 99
106 - 9978
-
-
110
-
-
Oct..xOOVx91
Nov.ll2V101i4
-
Dec.11434-105
-
1881.
$
763,000
739,000
901,000
871,000
1135,000
-
-
$
991,000
1038,000
-102
112VI08
114 -109*3
xl21 -x09*8
124 -1175(3 .;.
124 VI19
-
1880.
1026.000
99 L,000
-
1257,000
-
1494,000
1472.000
-
1426,000
-
A11 abstract of the last annual
report was published In the Chronicle, V.
30, p. 406. Tho following table shows the operations earnings, capital
account, Ac., for four years past:
1876.
1877.
1878.
1879.
1,400
Miles owned
1,412
1,772
2,231
operations and fiscal results.
Passenger mileage... 59,845,665 55,925,449 65,498,189 78,119,592
Rate per pass. p. mile
3‘21 ets.
2-93 cts.
3*20 ots.
3*09 cts.
Freight (tons) mil’go.264,80.8,027 271,598,133 321,818,902 401.595,734
Av. rate p.
ton p. mile
Total gross
eam’gs.
2-04 ots.
2-08 ots.
$
8,054,171
4,953,324
$
8,114,894
1-80 ots.
$
8,451,767
1-72 cts.
$
10,012,819
5,473,794
Oper. exp. (incl.tax’s)
4,540,433
4,792,313
of July, 1878. paid July, 1879. Net earnings under receiver (29
Net earnings
m: nths), $781,913—$323,950 per annum.
3,100,847 -3,574,461
3,659,454
Balance after all payments,
4,539,025
56-70
6150
56 00
54-70
$63,004. Interest liability, $140,000 a year. Capital stock, $1,328,000, P.c. of op.ex. to ear’gs
and funded debt, $1,750,000; total stock and bonds, $3,078,000. Cost
INCOME ACCOUNT.
of road and equipment, $3,158,000. This road is used by the Chic. Burl.
1878.
Receipts—
1877.
1879.
& Quincy to connect with the Hi. Cent. (V. 30, p. 168 ; Y. 31, p. 44,122.) Balance January 1
$1,433,645 $2,359,306 $2,520,074
3,574,461
Chicago Iowa & Neb—July 1, 1879, owned from Clinton, la., to Cedar Net earnings
3,059,454
4,539,024
13,430
74,517
Rapids, la. (all steel), 82 miles. Chartered in 1853 and opened in 1858. Other receipts
Bridge over Mississippi opened in 1856. Leased to Galena A Chic. Un. at
Total income
37*2 per cent of gross earnings, and now operated by Chic A North w.; the
$5,008,106 $6,032,190 $7,133,615
Disburscm cn Is—
maximum rental by subsequent agreement not to exceed $500,000 a
;
▼ear.
Interest liability, $47,383, and dividends (10 per cent), $391,620; Interest on debt
$2,162,159 $2,135,730 $2,287,407
total ftxed charges, $-139,003 a year. Capital stock, $3,916,200; funded Miscellaneous.
4,034 '
32,040
Dividends on preferred stock*
debt, $676,000; interest and dividend balances, $9,592, and mu-plus
429,607
1,289,346 "‘859,564
Dividends on common stock
account, $341,894; total, $4,943,686. Per contra—Construction, $4,662,385,106
53,000
123, and cosh aud cash assets, $281,563; total, $4,943,686. The first Sinking fund
55,000
70,000
Balance, surplus
2,359,306
mortgage has been satisfied and canceled as of record.
2,520,074
3,531,538
Chicago Milwaukee 4 St. Paul—In February, 1880, the following was
Total
$5,008,106 $6,032,190 $7,133,615
officially reported as the mileage owned and operated by this company,
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
making a total of 2,251 miles in all: Chicago to Milwaukee, 85 miles;
Milwaukee to La Crosse, 196 miles; La Crosse to St. Paul, 130 miles;
1876.
1877.
1878.
1879.
A ssefs—
Milwaukee to Prairie du Chien, 194 miles; Milton to Monroe, 43
$
$
$
.$
miles; North McGregor to 6t. Paul, 212 miles; Conover to De- Railroad, equipm’t, Ac 56,277,227 56,886,833 59,001,257 63,399,448
oorah, 9 miles; Mendota to Minneapolis, 9 miles; Calrnar to Marion Stocks owned, cost...
1,515,750
1,515,750 \
7,133,028
353,171 5 2,469.096
Junction, 287 miles; Austin to Mason City, 39 miles; Hastings Bonds owned, cost...
350,471
Bills A acc’ts rec’vable
to Ortonville, 202 mil***; Davenport to Fayette, 128 miles ; Water162,098
161,653
185,610
483,604
town to Madison, 37 miles; Milwaukee to Portage, 98 miles; Mad¬ Materials, fuel, Ac.
244,721
199,186
133,127
385,971
ison to Portage, 39 miles, Sparta to Melrina, 12 miles; Lisbon to Necedali, Cash on hand
901,760
1,181,017
976,100
801,694
13 miles; Wabasha to Zumbrota, 59 miles; Horicon to Berlin and Wiu- Daven. A N’west RR.
1,750,000
neconne, 57 mil**; Ripon to Oshkosh, 20 miles; Sabula to Cedar Rapids, Miscellaneous items..
*305,165 " ‘ * 264,565 ’ ” 318,660
112,329
D2 miles: Parulta to Farley, 44 miles; Racine to Rock Island, 197 miles;
Total
59,757,192 60,562,205 63,083,910 74,006,074
Eagle toElkkorn, 17 miles, and Eldridge to Maquoketa. 32 miles. Since
February, 1880, the company has acquired tho Chicago A Pacific,
Part of these dividends on. preferred stock ware stated as payable
88 miles, by lease; the Southern Minn, and extension, 446 miles; the out of the
earnings of the previous year as follows: In 1877, $429,607
tJosti uga A DsLtA.otiv, Lb iuL.cs i kuc ft iticulidiu i Lloj'i 69 mile* the in 16/b, $S5y,o64; and in is7u, $429,V til.
b> jpon
w...
,
_
*
r
-2
February,
Subscribers will
confer a great favor by giving
explanation of oolumn
on
Chicago
headings, Ac.
Date
Size, or
Par of
Road. Bonds Value.
Miles
of
see notes
first page of tables.
Milwaukee <£ St.
Paul—(Continued)—
158
Dakota Div
300
Clinton Dubuque A Minn
223
do
107
Valley RR
107
Prior mort.
do
Mortgage on Omaha extension
2,154
Chicago <£ Northwestern—Common stock
2,154
Preferred st’ck (7 p. e. y’rly, not eumulativo)
193
Bonds, pref. (sink’g fund), 1st mort., Cliic. to Osh.
193
Interest bonds, funded coup., 2d m., Chic, to Osh.
193
1st mort., general, 3d mort., Cliic. to Oshkosh
23
Appleton exton., 1st mort. on 23 miles and land..
26
Green Bay extern, 1st mort. on 26 miles and laud
248
1st mort., Galena A Chicago Uu. RR. extended...
Mississippi River Bridge b’ds, lien on net earnings
74
1st mort. (Peninsular RR.) oil roads and lands...
46
1st mortgage (Beloit A Madison Railroad)
779
Consol, smk’g f’d Mortg
126
Madison extension, 1st mort., sinking fund, gold.
85
Chicago & Milwaukee, 1st mortgage, 2d lien
25
1st niort. on Hastings &
1st mort. on Ohio.
1st old mort.
do
1st mort. on Wisconsin
'
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
1,058
Gen. cons mort., gold, coup, or reg. ($48,000,000)
Peter, 1st mort., guar by Cliic. ANW.
2d mort.,
do
do
1st M. exten, gld, land gr., s. f.
Midland, 1st mort., guar, by Chic. A N. W..
Winona & St.
do
do
Iowa
Northwestern Union, 1st mortgage, gold
Minnesota Valley, 1st mortgage
Rochester & No. Minnesota, 1st mortgage
Plain View Railroad, 1st mortgage
Sinking
fund bonds of 1870 ($15,000 per mile)...
Chicago Rock Island& Vac— St’ck (for $50,000,000)
1st mortgage (for $12,500,000) coup, or rog
Cliic.A Southw.,
IstM.g. (g’d incur, by GR.I.AP.)
Stock, common
Stock, preferred
Bonded debt
All other dues A acc’ts
Income
137
137
175
75
62
24
24
15
$1,000
1,000
1880
1880
1879
1880
•
'
•
•
•
•
1859
1862
1859
....
1862
1853
m
m
636
271
•
100
100
100 Ac.
100 Ac.
100 Ao.
500 Ac.
500 Ac.
1,000
500 Ac.
1,000
sz
1876
1871
1872
1870-1
1871-1
1871
1870
1872
1878
1878
1878
1879
1,348
•
1,000
1,000
1,000
1,000
1863
1863
1865
1871
m
•
107
500
1879
1877
1869
500 Ac.
1,000
1,000
100 Ac.
1,000
500 Ac.
.....
1,000
1,000Ac
100 Ac.
1870.
$
15,404,261
$
15,404,261
12,270,483
12,279,483
12,270,483
20,054,500
32,088,500
41,340,500
109,021
71,114
131,812
201,208
1,433,645
2,350,306
2,520,074
484,715
3,531,538
711,365
498,710
$
15,300,261
12,274,183
30,010.500
account.
$
417,501
Unpaid pay-rolls, Ac.
81,881
Miscellaneous
364,556
128,085
175,065
15,404,261
63.083,010 74,066,074
Total liabilities... 50,757,102 60,562,205
-(V. 30, p. 116, 144, 191, 322, 356, 384, 394,
406, 408, 433, 518, 544,
44, 56, 94, 152, 328, 483, 535, 445, 558 ; V. 32, p.
624, 668 ; V. 31, p.
155, 183, 205.)
Chicago dc Northicestcrn—At the end of the fiscal year, May 31, 1880,
the mileage was made up in the annual report as follows: Wisconsin
Division, 323 miles; Galena Division, 313 miles; Iowa Division, 438
Peninsula Division,
A Northwestern
Railway, 1,632 miles. Proprietary roads: Winona A St. Peter Railroad
and branches, 500 miles; Iowa Midland Railway, 69 miles; Northwest¬
ern Union Railway, 63 miles; Toledo A Northwestern, 11 miles; total pro¬
prietary roads, 652 miles. Total miles of Chicago A Northwestern and
proprietary roads, May 31, 1880, 2,284 miles. Other roads owned or
controlled were: Des Moines A Minneapolis, 58 miles; Sheyboygan A
Western, 78 miles; Southern Wisconsin Divison, 92 miles. Total owned
miles; Madison Division and Extension, 227 miles;
247 miles; Milwaukee Division, 85 miles; total Chicago
and
controlled. May 31, 1880, 2,513
miles.
Amount
Outstanding
Rate per
Cent.
400,000
1,650,000
1,103,965
(1)
14,988,257
21,525,352
971,400
676,300
3,440,300
Bonds—Princi¬
11887765--690
116,000
180,000
1,632,000
153,000
272,000
246,000
5,211,000
3,150,000
1,700,000
The Chic. St P. A Foiul-du-Lac RR., which was a consolidation of
ral roads, was sold in foreclosure June 2, 1859, and the Chicago A
seve¬
North¬
western Railway was organized as its successor with a mileage then of
193 miles, not ail complete. In 1864 the company absorbed the Dixon
Rnckf. A Kenosha, the Gal. A Chic. Union and the Peninsula RR. of Mich.
2,700,000
12,343,000
2,719,000
1,610,000
4,255,000
1,350,000
3,500,000
150,000
200,000
100,000
6,440,000
41,960,000
10,000,000
5,000,000
Where
pal,When Due*
Payable, and by
Whom.
St. Paul RR.
do
do
Stocks—Last
Dividend,
1,
July 1,
Feb. 1,
July 1,
Jan.
1910
1920
1884
1920
A D. New York, Co.’s Office. Dec. 28, 1880
Deo. 28, 1880
do
do
do
do
F. A A.
Aug. 1, 1885
do
Nov. 1, 1883
do
M. A N.
do
do
F. A A.
Aug. 1, 1885
do
do
F. A A.
Aug. 1, 1885
do
do
F. A A.
Aug. 1, 1885
Feb. 1, 1882
do
do
F. A A.
do
Jan. 1. 1884
do
J. A J.
do
do
Sept. 1, 1898
M. A S.
do
Jan. 1, 1888
do
J. A J.
do
Feb. 1, 1915
do
Q.-F.
do
do
April 1, 1911
A. A O.
do
do
July 1, 1898
J. A J.
do
do
July 1, 1908
J. A J.
do
June 1, 1911
do
J. A D.
Deo. 1, 1902
do
do
J. A D.
Jan. 1, 1887
do
do
J. A J.
Nov. 1, 1907
do
do
M. A N.
Dec. 1, 1916
do
do
J. A D.
do
Oot. 1, 1900
do
A. A O.
June 1, 1917
do
do
M. A S.
do
Oot. 1, 1908
do
A. A O.
do
do
Sept. 1, 1906
M. A S.
do
do
Sept. 1, 190$
M. A S.
Oct. 1, 1920
do
do
A. A O.
Q.-F. New York, Co.’s Office. Feb. 1, 1881
do
do
July 1, 1917
J. A J.
Nov., 1899
do
do
M. A N.
J.
1%
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
8
7
7
7
7
5 A
When
Payable
J. A J. N.Y., Mil. A
do
J. A J.
do
F. A A.
J. A J.
7
6
7
6
7
5
3
$4,210,000
5,000,000
560,000
500 Ac.
100
1878.
1877.
1876.
Liabilities—
Immediate notice of any erg^r discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
xxiii
BONDS.
AND
STOCKS
RAILROAD
1881. J
Q.-M.
^
g.
g.
g.
g.
g.
6
1%
6
7
OF EACH FISCAL YEAR.
1878-9.
1877-8.
GENERAL BALANCE AT CLOSE
1876-7.
$
$
RR., bldgs.,equip.,Ac. 68,713,559 71,038,235
1,635,660
Proprietary railroads 2,346,379
100.000
102,690
Stocks owned
897,761
Bonds owned
647,800
29,401
Advances
932,665
Bills A accts. rec’ble.
1,332,593
760,706
1,116,443
Materials, fuel, Ac...
1,723,323
Cash on hand
832,411
73,865,795
1,513,924
2,580,880
100,000
940,200
*3,56i‘l(X>
28,155
917,545
778,213
,
75,121,276
Stock, common
27,600
1,141,710
1,366,184
1,417,514
617,500
Trustees’ sink. fund.
Total
Liabilities—
1879-80-
$
72,373,029
Assets—
1,669,796
783,000
77,088,350 78,686,080 84,996,065
14,989,024
Stock,
Bonds
Divs.
preferred
$
$
$
14,988,807 14,988,697 14,988,25$
21,475,808 121,525,603 t21,525,523 t21,525,353
31,793,000 32,793,000 33,106,000 36,115,000*
$
Cur’t bills,
p’yrolls, Ao
Outstdg cps., div.,Ac.
Duo leased roads
Bonds unsoldj
Miscellaneous
Balance income acct.
Total liabilities...
676,292
617.500
223,750
1,151,563
1,202,750
payable in .Tune
Sinking funds paid...
Real estate mortgages
236,250
1,218,997
856,423
228,000
990,038
909,227
193,034
263,432
10,478
4,358,745 §4.177,015
75,121,276
936.885
252,598
864.500
826,120
783,000
269,150
2,402,559
920,884
320,160
790.000
67,510
‘
4,342,772
5,988,059
77,088,350 78,686,080 84,996,065
Includes $2,900,000 bonds of proprietary roads, deposited with trus¬
tees to secure same amount of Cliic. A Northwest. 6 per cent bondsissued tberefor.
t Exclusive of $500,000 of pref. stock to bo issued for La Crosse Tremp.
A Prescott stock.
t Includes live bonds in sinking fund.
*
Trernp. A Prescott RR. was also consolidated. The
of the company in mileage, traffic, earnings, Ac., is best shown
m the comparative tables below.
All the bonds prior to tho consolidated
I $690,183 charged off during year on account of bad debts and
mortgage sinking fund bonds may be replaced by the latter issue as they
Quarterly dividends were commenced on the shrinkage in value of real estate.
are retired and canceled.
The following table will show the total miles operated (including pro¬
preferred stock in February, 1879. The sinking fund bonds of 1879 are
secured by a deposit of mortgage bonds, on the new roads acquired, prietary roads) the gross earnings, net earnings, surplus above annual
at tho rate of $15,000 per mile, and the terms under which these
charges and dividends paid, hi each fiscal year since 1871-2:
Surplus over Dividends
are issued were published in V. 29, p. 277.
Net
paid.
interest,
The prices of stock and earnings monthly have been as follows:
Gross
rentals, Ac. pref. com.
Revenue.
Prices of Stock.
, Monthly Earnings
Earnings.
* Miles.
Years.
7
Preferred.
1881.
Common.
,
1880.
$11,402,161 $4,592,136 $2,618,325
1871-72.... 1,215
7
3**
1,868,628
1880.
1881.
•
1880.
1881.
$
$
4,848,475
13,775,555
1872-73..,. 1,706
1,355,082
Jan. 92*e- 89
436 -123*4 107%-104*4 147is-13976 115 4,632 1222,250 1873-74.... 1,923
5,432,194
15,631,936
518,267
5,005,036
Feb. 93%- 88*2
107*4-104
1131,683 ........ 1874-75.... 1,990
13,786,302
1,179,719
5,739,442
Mar. 97
91*e
1361,725
-..../. 110*2-106*3
14,013,732
1875-76.... 1.992
2*3
1,078,227
5,507,001
13,033,102
1.993
Apr. 97 - 92*8
110*^ 1077a
1294,573
7
2,464,488
7,130,117
14,751,062
109^-105%
1875,668
1877-78.... 2,037
May 935s- 87*e
7
In 1878 the Lacrosse
progress
,
,
-
8778
July 99*8- 87*8
Aug.l0178- 97*8
Sept 106 - 09*a
Oct..ll73s-105
Nov. 142 *4-122%
Dec.129%-117%
J’no. 95*4-
--
-
HO -107
-
115*2 1075a
12534-115*8
-
130 -111*2
.'446*2-134
145*4-136*2
-
1666,432
1699,686
1767,939
2020,245
...
2,287,627
6,873,272
14,580,921
1878-79.... 2,129
8 917 750
4,080,167
17,349,349
1879-80
2,284
—(V. 27, p, 140, 170, 372, 426, 603, 628 ; V. 29. p. 119,
277, 357,408, 608,656; V. 30, p. 433, 493,600, 648,674; V. 31,
7
168,197, 225,
p. 94,152,
2105,217
202,218,428,535,652.)
1855,622
Chicago Rockr Island <6 Pacific—This was a consolidation June 4,
1490,322
188 J, with $50,000,000 stock authorized, and a sorip dividend of 100
The company lias a land grant and the summary of the Commissioners’
per cent to the holders of Chic. Rock Island A Pac. stock. The lines were
report showed that in 1879-80 126,638 acres were disposed of for
as follows:
Council
$441,355, an average of $3 15 per acre. The lands on hand May 31, given Englewood toChicago, III., to7*e miles; Bluffs, Iowa, 500 miles;
South
South Chicago,
Wilton, la., to Knoxville,
1880, and tho general condition of thej Department are shown in the
128; Washington, la., to the Missouri River opposite Leavenworth,
following:
Remaining Total of out- Lands not 271; Edgerton Junction, Mo., to the Missouri River opposite Atchison,
deeded or
29; Des Moines, la., to Indiauola, 21*a; Somerset Station, la., to Winteruncoii v eyed,
On hand
standing
contracted. set, 26*3; Newton, la., to Monroe, 17; Atlantic, la., to Lewis, 9; Lewis
Name of grant.
May 31,’79. MayAcres.
31,1880. contracts.
to Grisswold, 14; Avoca, la., to Carson, 17; Atlantic, la., to Audubon,
Acres.
Acres.
Acres.
Leased; Bureau Junction, Ill., to Peoria,
945,579 25; total owned, 1,052 miles.
176,725
1,122,305
Minnesota
1,142,559
27,100
556,086 47; Keokuk, la., to Des Moines, 162; Fort Leavenworth, Kan., to
583,186
Michigan
.’
602 170
347,403 Leavenworth, 2; Avoca, la., to Harlan, 12; Guthrie Station to Guthrie
3,998
351,402
Wisconsin
354,529
120
91,970 Centre, 15; Cameron, Mo., to Kansas City, 54; M6unt Zion Station, la.,
92,0b0
93,736
Menominee River
to Keosauqua, 4*e;
total leased, 296; total owned and leased,
1,348 miles.
This
the former Mississippi A
Total
2.192,995
2,148,984
207,944
1,941,039 Missouri Railroad of company includesforeclosed under mortgage in
Iowa, which was
An abstract of the last annual report, in the Chronicle, V. 31, p. 202,
1866. The Hlinois and Iowa roads were consolidated August 22, 1866,
showed the following earnings, expenses, Ac., for tho whole lino, includ¬
under the present title, and the main line was extended to Council
rouds:
ing proprietary
Bluffs June, 1869. The Iowra Southern A Missouri Northern was form¬
INCOME ACCOUNT.
1879 80. erly tho Chicago A Southwestern, and was foreclosed and purchased
1876-7.
1877-8.
1878-9.
by this company, and consolidated June, 1880.
The fiscal year ends
$
$
$
$
March 31 and the last
Total not income
5,507,001
7,130,117
6,894,283
8,917,750 ings, Ac., have been asreport w*as in V. 30, p. 673.. The mileage, earn¬
follows for six years past:
Div.
Disbursements—
$
$
$
$
Gross
Net
Rentals paid
p. ct.
1,002,954 1,213,219
1,225,732 1,408,003
Earnings.
Earnings.
Years.
Miles.
8
Interest on debt.
3,280,277
3,339,195
3,261,793
3,322,015
$7,342,190
$3,687,029
677*4
8
Dividends
536,810
1,956,034
2,105,868 2,405,521
6,917,657
3,349,364
707
8
Sinking funds
40,120
113,120
98,120
98,120
3,511,356
7,895,870
1,003
8
Miscellaneous
15,424
95
9,442
9,409,833
4,329,960
1,231
9
11,061,662
5,265,116
1.348
Total disb’rsem’ts
4,065,585
6,621,663
6,691,513
7,243,101
Income and disbursements for four years are as follows i
Balance*, surplus
541,416
508,454
202,770 1,674,649
....
126*2-118%
Subscribers will confer
a
first page
Miles
Date
Size, or
of
Par
of
Road. Bonds Value.
of tables.
Chicago Pekin <6 Southwestern—1st mortgage..
2d mortgage
Chic. St. Louis<& N. O.—1st M. (N. O. J. & G. N.)....
2d mortgage, (N. O. J. & G. N.)
1st mortgage, (Miss. Central)
2d mortgage,
do
($500,000 disputed)
Cliic. St. Louis & N. O. 1st mort. (for $13,000,000)
do
do
2d mort. (for $8,000,000)..
do
do
consol, mortgage
Chic. St. Paul Min'polis <£ Omaha—Common stock..
Preferred stock
Consol, mortgage (for $30,000,000)
Chic. St. Paul & Minn., 1st mort., gold, coup
do
do
1. gr. M., inc., coup. (2d on road)
North Wisconsin, 1st mortgage
St. P. & Sioux City, mort., gold, for $7,000,000
St. Paul Stillwater & Taylors’ Falls, 1st mort
Hudson & River Falls, 1st mort
Chicago <6 West Michigan—Stock, new
1st mortgage, New Buff, to St. Jo
Cincinnati Hamilton dk Dayton—Stock
1865
do
Consol, mort. (for $3,000,000), sink, fund 1 p. c..
Cin. Ham. & I. (Junction) RR., 1st mort., guar...
Cincinnati Indianap. St. Louis dk Chicago—Stock..
Ind. & Cin. of 1858,1st mort
Ind’polis Cin. & Laf., mort. aud fund coups
Equipment bonds, registered
Cin. & Ind., 1st mortgage.
do
70
64
206
224
185
185
567
567
....
....
....
177
177
120
601
23
12
....
2d
-
60
60
60
98
194
90
151
...
1871
1st mort., Cin. Ind. St. L. & Chic, (for $7,500,000)
Cincinnati Lafayette & Chicago, 1st mort., goid
..
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes
Dividends t
$
3,793,584
$
125,000
690,000 *1,002,325
209,747
’ 247,400
2,097,980
1,678,384
40,000
27,291
40,000
34.827
\ 557,148
108,500
Sinking fund
Legal expenses
Miscellaneous
....
Balance, surplus
1877-8.
431,482
1,000
500 &c.
100 &c.
1,000
1,000
1880
1878
1878
1880
1879
1,000
500 &c.
500 &c.
.
.
1869
.
1,000
1,000
1,000
1,000
500 &c.
1,000
1858
1867
1873
500&C.
1862
1,000
20
194
56
1867
1880
1871
1,000
1,000
1,000
1878-9.
1879-80.
$
5,588,058
$
125,000
1,008,580
218,155
1,993,085
$
5,945,388
$
135,037
1,078,110
295,841
2,097,988
41,117
34,426
2,202,121
2,303,986
f788,000, and 7 per cent preferred, $38,000; floating28, 41, 68,
100,000. Construction and equipment, $3,044,263. (V. debt about
199; V. 29,
p.
14; V. 31,
p.
152, 381, 405, 453.)
Chicago St. Louis dk New Orleans.—April 30, 1879, owned from New
Orleans, La., to Cairo, Ill., 549 miles; branch: Kosciusko Junction,
Miss., to Kosciusko, Miss., 18 miles; leased, 5 miles; total operated,
572 miles. TJiis company was formed November 8, 1877, by the con¬
solidation of
.
the New Orleans
Jackson & Great
Northern
aud
the
Central Mississippi. The N. O. J. & G. N. road had been sold in fore¬
closure Maroh 17,1877, and the Mississippi Central was sold August 23,
1877. This company is controlled by the Illinois Central, which holds
$6,670,000 of the stock, $1,600,000 of the first mortgage bonds and
10,000,000, the
whioh has been issued. The the authorized is
Of
f5,061,000 of all ofsecond mortgage bonds.portion stock first mortgage
prior lien
that
bonds, $1,199,000
of the road in Ten¬
are a
on
The Chicago St. Louis & New Orleans 2d mortgage bonds are
incomes until Dec., 1882, after which they draw interest at 6 per cent.
Of the Miss. Cen. second mortgage, $500,000 are claimed to have been
paid and are disputed by the present company. The consol. 5 per cent
mortgage of 1951 is to be dated June 15, 1881, and eventually to retire
all other bondR. Earnings were as follows, viz.: Gross earnings ill
1877, $3,100,595, net earnings, $887,667; in 1878, gross earnings,
$2,8i9,018, net earnings, $818,723. For 1879 no figures are given.
In 1880 gross earnings were $3,711,000. V. 30, p. 248, 465; Y. 31,
p. 191. 216, 405; V. 32, p. 183, 205.)
Chicago St. Paul Minn, dk Omaha—The mileage January 1, 1881, was
as follows: Eastern Division—Elroy to St. Paul,
198; River Falls
nessee,
Branch, 12; Menominie Railroad, 3; Stillwater Branch, 4.
Northern
Division—North Wisconsin Junction to Cable, 120. St. Paul Division—
St. Paul to St. James, 122; Blue Earth Branch, 44.
Sioux City Di¬
vision—St. James to Sioux City, 148; Sioux Falls Branch, 98; Black
Hill Branch. 44; Rock River Branch, 28. Nebraska Division—Coving¬
ton to Omaha, 126; Niobrara Branch, 16.
Total 963 miles. This was
a consolidation July, 1880, of the Chicago St. Paul & Minneapolis
(formerly West Wisconsin), the North Wisconsin, and the St. Paul &
Sioux City. See statement in Y. 30, p. 675. The Chicago St. Paul
& Minneapolis first mortgage is a second on the lands; the land mort¬
gage a second on road; but no foreclosure can be had except on default
on first mortgage.
The lands mortgaged are about 500,000 acres, and
the total lands owned considerably more. (V. 30, p. 675; V. 31. p. 20.)
The North Wisconsin was in progress from Lake St. Croix to Bayfield,
Wifl:, 165 miles. For eaoh mile built $10,000 in bonds and $15,000 in
stock were issued. (V. 30, p. 248.) The St. Paul & Sioux City was a
consolidation in August, 1879, of the St. Paul & Sioux City and the
Sioux City & St. Paul, forming a main line from St. Paul to Sioux City,
..270 miles. With extensions in progress, the company had 460 miles of
road, with a jingle mortgage of $4,600,000, or $10,000 per mile. All
1,224,000
2,500,000
4,000,000
100
....
6,500,000
477,000
3,500,000
494,000
1879-0
100
.
1865
1875
1873
1879, were $39,554. The number or acres left unsold is now about
185,000, and should another good crop be the result of this year’s hus¬
bandry, the great bulk of the more desirable lands now remaining will
undoubtedly be disposed of this season.” (V. 29, p. 15, 489, 608, 631;
V. 30. p. 221, 356, 465, 544, 566, 590, 616, 663, 673; V; 31, p. 228,
453, 568; V. 32, p. 44.)
Chicago Pekin dk Southwestern.—July 1,1879? operated from Pekin, Ill.,
to Mazon Bridge, Ill.. 94 miles, of which 6 miles leased. Chartered in
1859 and opened in 1876.
Receiver appointed in June, 1877. Sold
under foreclosure June 30, 1879. Still m hands of Receiver. ..Gross
earnings in 1878-79, $250,845; net, $92,540. Capital stock, common,
p.
Where Payable, and by
Stocks—Last
Payable
Whom.
Dividend.
F.
A.
J.
A.
M.
F.
M.
J.
8
8
8
8
7
8
7
6
5
& A. N. Y., Farm. L. & T. Co.
& O.
& J. N. Y., 214 Broadway.
& O.
do
do
& N.
do
do
& A.
do
do
& N.
do
do
& D.
J.
J.
M.
M.
J.
A.
J.
J.
6 g.
8
8
&
&
&
&
&
&
&
&
M.
A.
J.
A.
J.
6
6 g.
9 g6
&
&
&
&
2*3
8
2
7
6 & 7
7
1^
2,879,100
187,000
499,000
1,545,800
1,000,000
1,120,000
&
J.
D.
N. Y.. 52 Broadway.
N. N. Y., Corn Excli. Bank.
N.
N. Y., 52 Broadway.
J. N.Y., R. P. Flower & Co.
O.
do
do
J.
do
do
J.
N. Y., 52 Broadway.
Boston.
S. Bost., Treasurer’s office.
O. N. Y., Winslow, L. & Co.
J.
do
do
O.
do
do
J.
do
do
Q.-J.
A.
F.
M.
J.
J.
M.
M.
7
7
10
7
7
6
7 g.
1,600,000
Aug. 1, 1901
1891
July 1, 1886
Oct. 1. 3fe90
Nov., ’80*’84
Feb. 1, 1886
Nov. 1, 1897
Dec.
....
.1%
125,000
....
'Company at New York, from the sales and collections, a total sum of
$350,000. The taxes paid during the year on lands unsold November 1,
328; V. 30,
When
Cent.
■
,
Total
Increased by
p.
.
1,000
Bomfs—Princi¬
pal,When Duo.
Rate per
$1,000,000
750,000
2,941,000
1,500,000
345,000
1,996,000
3,468,000
7,253,000
(?)
13,565,200
9,615,600
4,185,000
3,000,000
118,000
800,000
6,010,000
334,800
1188773--09564.
1875-96.:
100
100
....
3,621,500
3,793,584 §5,588,058
5,954,388
Chic.& Southw. bds. t ’77. 10; ’78, 8; ’79, 9*2; ’80, 10.
t Represents Pacific Hotel stock and bonds and connecting railroad
and other bonds, and disappears in following year.
§ In the report Iowa Southern & Mo. Northern stook, held in trust—
$4,230,696—is given, but is not included here.
The last annual report, in the Chronicle, V. 30, p. 673, had the follow¬
ing as to the land grant: “ The report of the business of this office for
the fiscal year ending March 31, 1880, shows that the regular convey¬
ances and contracts to convey lands amounted to 86,656 acres, for
$747,478, the average price received being about $8 62*2 per acre. The
amount of interest and premiums received during the year was $75,060.
The bills receivable, after deducting those canceled, have increased,
until they stand (on March 31, 1880) at $1,203,625, an increase during
the year of $377,885. There has been remitted to the Treasurer of the
*
Outstanding
1,000
1,000
i
$
3,621,500
$
125,000
Vol. XXXII.
INTEREST OR DIVIDENDS.
Amount
$1,000
1871
1856
1860
1854
1865
1877
1877
1881
20
2d M., guar., funded coupons
1876-7.
BONDS.
great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
on
AND
STOCKS
KAILROAD
XXIV
A.
S.
Jan. 20, 1881
June 1, 1930
May 1, 1918
May. 1898
Jan. 1, 1930
April 1, 1919
July 1, 1901
Feb.
15, 1881
Sept. 1889
Oct., 1880
July 20, 1885
Oot., 1905
Jan., 1903
Jan
& 0. N. Y., Arner. Ex. Bank.
&
&
&
&
&
&
do
do
do
do
do
do
do
do
do
do
1. 1907
1951
15, 1881
April, 1888
Feb., 1897
Sept. 1, 1883
D.
Dec., i892
J
Jan.’82,’87.’92
N.
May 1,1920
S. N. Y., Am. Excli. N. Bk.
Mch., 1901
the old securities of both roads were retired with the new stook and
bonds. See the status of that company in the remarks of June Supple¬
ment, 1880. The St. Paul Stillwater & Taylor’s Falls was consolidated
with this company, also the Worthington Sioux Falls & Iowa and Coving¬
ton & Black Hills. The St. Paul &' Sioux City had lands unsold Jan.
1,1879, of 560,680 acres; the Sioux City & St. Paul had 439,858 acres.
-jv,
Jan., 1880, 200.000 acres of it*nu were nuiu to JLiU^nou UtlUltcllWia at
land HDiD sold iai English capitalists
i.
$6 jier acre. (V. 30, p. 118, 193, 223, 249, 264, 299, 409. 494, 625, 648,
V. 31, p. 88, 281, 535, 606, 625; V. 32, p. 155, 206.)
651, 675
Chicago dk West Michigan— Dec. 31, 1879, owned from New Buffalo
Michigan, to Pentwater, Mich., 170 miles; branches—Holland Junction
to Grand Rapids, 24 miles; B. R. Junction to Big Rapids, 51 milos;
total operated, 245 miles.
Organized as successors of Chicago &
Michigan Lake Shore January 1, 1879, the C. & M. L. S. having been
sold in foreclosure November 16, 1878.
The stock is $6,500,000.
Purchased in January, 18Sl,the Grand Haven road, 57 miles, Muskegon
to Allegan, and the Grand Rapids Newago & Lake Shore, 46 miles, from
Grand Rapids to White Cloud. Earnings in 1879, $654,383, and ex¬
penses, $541,556; profits, $112,826; interest paid, $37,359, and expend¬
ed for construction and equipment, $97,336. (V. 27, p. 227, 538; V. 30.
p. 270; Y. 32, p. 100, 121.)
Cincinnati Hamilton dk Dayton.—March 31, 1879, owned from Cin¬
cinnati, O., to Dayton, O., 60 miles; leased—Dayton & Miohigan, Dayton
to Toledo, 141 miles; Cincinnati Hamilton & Ind., Hamilton to In¬
dianapolis, 98 miles ; Cincinnati Richmond & Chicago, Hamilton, O., to
Indiana State line (and leased road), 42 miles; total operated, 341
miles; each lease reported separately.
Chartered in 1846 and road
opened in 1848.
Defaulted on guaranteed C. H. & Ind. interest in
1877. Settlement by arbitration made as per Chronicle, Y. 30, p. 116,
by which interest is to be paid hereafter and past-due coupons are
funded into preferred stock.
In March, 1880, it was reported the
Clev. Col. Cin. & Ind. company purchased a minority of the C. H. & D.
stock. Annual report in V. 30, p. 598.
In
Net
Balance
/—Fayi
Paym’te from Net Eam’gs
Interest.
Taxes.
Credit.
Earnings.
$479,203
$56,440
$154,430
$248,333
521,770
55,873
158,563
307,334
470,176
53,044
162,430
254,702
312,749
48,900
185,640
78,209
374,468
47,999
207,544
118,925
369,350
36,707
191,450
141,163
437,160
218,160
26,176
192,823
Earnings for five years past were as follows, including all the roads
Years.
Gross
-x
Earnings.
$1,171,998
1,128,355
1,147,753
946,921
936,433
907,211
950,624
operated:
Years.
Miles.
i
*.
341
341
341
341
341
341
Gross
Earnings,
$2,818,116
2,875,774
2,431,874
2,362,892
2,282,572
Net
Earnings.
$932,190
853,350
558,062
769,666
739,572
2,578.816
886,050
Payments in 1879-80—Iwterest, $452,649; dividends"(D. & M.),$131,921.
-V, 29, p. 15, 197; V. 30, p. 116, 322, 465, 536, 598, 624, 667; V. 31,
p. 357, 453, 483.)
Cincinnati Indianapolis St. Louis (6 Chicago.—June 30, 1880, owned
from Cincinnati to Laf ay otto., Ind., 175 miles; Lawrenoeburg bran oh,
5 miles; Harrison branch (partly owned), 7 miles; Fairlaud F. & M.
Road, 38 miles; and Cincinnati Lafayette & Chicago (by stock), 75 miles?
total operated, 300 miles. Formerly tbe Indianapolis Cincin. & Lafayette,
•which was a consolidation in 1876 of the Indianapolis & Cinoinnati and the Lafayette & Indianapolis railroads, the company taking a
perpetual lcaso ot the Cincinnati & Indiana Railroad. On Augnst 1,
1876, a receiver was appointed, and the road was sold in foreclosure
Feb. 2,1880, and this company organized. Of the $7,500,000 new bonds
$6,885,000 was reserved, into which all of the old bonds prior to the
Indianapolis Cin. & Laf. 7s of 1869 could be exchanged at par. Tho
other securities were provided for as follows: The 7s of 1869 received 70
per cent of their faee in new stock, and the funded debt 7s, or pre¬
ferred stock, 40 per cent. This left a balance of new stock of $2,029,045,
which, writh the balanoe of new bonds, $615,000, was offered as fol¬
lows: To the 7s of 1869,10 per cent in bonds and 30 per cent in stock
for 10 per cent cash; to the funded debt 7s, 20 per cent bonds and 60
per cent in stock for 20 per cent cash; to the common stock, 2 per cent
bonds and 6 per cent in stock for 2 per cent cash. The company owns
$1,767,000 stock and $1,120,000 2d mortgage bonds of tho Cincinnati
Lafayette & Chicago KR., operated by it. First annual report of liew
company in V. 31, p. 356. Operations and earnings for five years past
were as
follows:
Years.
Miles.
194
194
194
194
300
Passenger.
Mileage.
Freight (ton)
Gross
Net
Mileage.
Earnings. Earnings.
52,465,909 $1,637,061
22,113,531
$673,098
19,244,431
38,803,669
1,311,210
490,810
18,971,743
41,000,163
1,309,087
494,388
17,689,617
50,225,000
1,342,701
507,920
23,544,228
76,088,352
1,701,242
491,48T
172,303, 354,383; V.
—(V. 27, p. 172, 303, 354, 383; V. 28, p. 302, 401, 526; V. 29, p. 18,
24}
95, 277, 302. 405, 432, 459, 538, 563, 680; V. 30, p. 168, 192, 624} Y.
31, p. 259, 3 5 6, 510, 672; V. 32, p. 134.)
.
....
Sabscrlbers will
For
&c., see notes
explanation of column headings,
on first page of tables.
Valley—1st mortgage....
Cincinnati Northern.—1st mortgage
Cin. Richmond d Chic.—l&X molt., guar. C. H. &D..
2d mortgage, guar, and owned by C. H. & D.
Cin. Richmond d Ft. If.—1st rnort., gold, guar.
Cincinnati Rockport d Southwestern— 1st mortgage
Cincinnati Sandusky d Cleveland—Stock.
Preferred stock
Mortgage bonds, Sandusky, Dayton & Cincinnati
Sandusky City & Ind
do
INTEREST OR DIVIDENDS.
Miles Date Size, or
of
of
par
Road. Bonds Value.
Cincinnati d Muskingum
....
.
.
.
1866
1852
1867
1871
....
....
....
2d mortgage
Cincinnati Wabash d
80
48
114
..
Michigan—New stock
Bel. & Ind
C., C., C. & I. sinking
fund
$7,500,000 (sink, fund 1 per ct.)
Cleveland d Mahoning Valley—Stock...
Consol. M. for
..
extended.
1st mortgage,
New bonds
Niles & New Lisbon,
1st mortgage.
Cleveland d Marietta.—.
Cleveland Ml. Vernon d Del.—1st mortgage, gold...
mortgage, Columbus Extension.
mortgage
Cleveland d Pittsburg—Guaranteed stock.
1st
(now 1st)
Consolidated sinking fund mort. for $5,000,000.
Construction and equipment bonds.
-IstM., (L.S.&T.V.)
Cleve. Tuscar’s Val. d Wheeling—1
1st mortgage, now,
471
138
202
390
390
80
67
67
35
145
....
...
Income
4th mortgage
1872
100 &c.
100
500
1880
mort., gold
Cleveland Columbus Cincinnati d Ind—Stock.
1st mortgage (C. C. & C. RR.) $25,000 a year.
Cleveland Canton Cosh, d S— 1st
do
do
....
1,000
1,000
.
.
225
199
199
....
1860
1864
1869
1874
50
500 &c.
500 &c.
500 &c
1873
1876
1870
....
1862
1867
1873
ioi
...
5,
2,000,000
651,000
3,000,000
'800,000
630,000
500,000
(1)
950,000
500 &c.
50
500
669,000
1%
6
7
1,096,000
2,561,000
1,393,000
1,000
1,000
1,000
2.180,000
700,000
prior lien.
owned from Morrow,
0.,to Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. &Zancs.
in 1851 and opened in 1857. Sold under foreclosure Oct/17, 1863, and
reorganized as Cincinnati & Zanesville March 11, 1864. Sold again
Dec. 10,1869, and reorganized as at present.
Leased for 99 years from
Jan. 1,1873, to P. C. & St. Louis, lessees to pay all expenses and inter¬
Gross earnings in
est, any excess of earnings to inure to the lessors.
1879, $374,666; net earnings, $110,142. Interest paid, $105,000. Sur¬
plus, $5,142. Capital stock, $3,997,320. (V. 30. p. 382.)
7
11,244,350
1878.
Jan. 38 %- 34
Feb. 34 - 27%
Mar. 30%- 27
miles. Connecting
6.)
Cincinnati Richmond d Chicago— March 31, 1879, owned from
Hamilton, O., to Indiana State Line, 36 miles; leased, Richmond,
Ind., to Ohio State Line, 6 miles; total operated, 42 miles. • Char¬
tered as Eaton & Hamilton in 1847 and opened in 1863. Reorganized
May 3, 1866, and leased in perpetuity from February, 1869, to C. H. &
D. Co., the lessors to receive all surplus after expenses and bond interest.
Gross earnings in 1879-80, $214,556; net, $59,432; interest liability,
$43,120; balance, $16,312.
Capital stock, $382,600; funded debt,
$625,000; total (cost of property), $1,007,600. (V. 29, p. 15.)
Cincinnati Richmond d Fort Wayne.—Dee. 31,1879, owned from Rich¬
mond, Ind., to Fort Wayne, Ind., 83 miles; leased, 8 miles of Pittsburg
Fort Wayne & Chic.; total operated, 91 miles.
Chartered in 1853 and
opened in 1866. Leased for 99 years to Grand Rapids & Indiana; in¬
terest is guaranteed by the lessees and by the Pennsylvania Company
and Cincinnati Hamilton
Dayton Company, jointly. Gross earnings
in 1879, $322,066; ne 1 ,$82,532.
Total interest and rental liability,
$156,677. Loss to guarantors, $74,144. Capital stock, $2,500,000.
Total advanced by guarantors, $505,636. (V. 29, p. 299.)
Cincinnati Rockport d Southwestern.—Dec. 31,1879,'ownedfrom Rockport, Ind., to Jasper, Ind., 38 miles. Chartered in 1871.aud road opened
in 1878. Gross earnings in 1878, $19,873; net, $7,634.
Capital stock,
July, 1895
Jan. 1, 1889
June, 1921
Jan. 1, 1908
1873
Boston, Office.
A.
S.
Aug. 1, 1900
Sept. 1, 1897
Deo. 1, 1890
D. N. Y., Union Trust Co.
N. Y., U. S. Trust Co.
O.
do
do
J.
J.
&
&
&
&
A.
D.
J.
N.
D.
N.
A.
&
&
&
&
& S.
& J.
April 1, 1901
1902
July 1, 1910
1, 1881
June,’75 to '84
New York.
N. Y., U. 8. Trust Co.
do
do
do
do
do
do
New York or London.
Feb.
Until 1899
May, 1899
June
Y., Ward, C. &Co.
Y., Union Trust Co.
N.
& J. N. Y., Winslow,
do
do
M. & S.
Q.-M. N. Y., Farm. L.
do
J. & J.
do
M. & N.
do
J. & J.
J.
1,1914
(1)
Aug. 1, 1893
Sept., 1906
Jan.,' 1890
Cleveland, Office.
N.
1880
Nov. 1,
do
do
do
do
do
do
N.
&
&
&
&
A. &
J. &
M.
F.
M.
J.
Jan. 1,
Jan. 1,
Jan. 1,
Mar. 1,
L. & Co.
d<»
do
& T. Co.
1900
1901
1905
1881
Jan., 1892
1, 1900
1, 1913
do
do
do
Nov.
Jan.
Cleveland, Ohio.
1
-
180,000
Valley—Dec. 31,1879,
Cincinnati Northern.—Dayton to Cincinnati, 50
line of the Toledo Delphos & Burlington. (V. 32, p.
7
7
Jan., 1901
Moran Bros.
1,397,000
2d mortsrage, new
F. & B.,~lst mortgage
Cincinnati d Muskingum
7 g.
7 g-
1,350,000
Dividend/ -v
J. & J. N. Y., Winslow, L. & Co.
do
do
J. & J.
J. & D. N.Y., Winslow, L. & Co.
J. <fc J. N. Y., Nat. Exch. Bank.
J.
F.
J.
J.
M.
7 or 6 g. J.
M.
3%
7 g- F.
M.
7
J.
7
100,000
396,000
3,000,000
2,766,000
2,759,200
1,000
1,000
1870
1871
1875
7 g.
6 g10s.
3
6
7
7
7
7
5
7 g.
5
7
7
7
14,991,800
1,000
1,000
1,000
....
7
fortes—Last
Whom.
& J. New York,
J.
pal.When Due,
Payable and by
Where
When
Pay’bie
7
6
7
1.100,300
1658874-7569. 81
fcinc., Sandusky & Cleve
Cincinnati d Springfield—1st mortgage, guar...
2d mortg.
Cent.
1,000,000
560,000
65,000
1.800,000
266,500
4,005,750
429,037
750,000
350,000
1.000
500
50
50
....
Rate per
$L,500,000
1,000
1,000
....
138
Amount
Outstanding
$1,000
1870
1880
1866
1869
1871
1878
148
50
36
36
90
40
188
.
discovered in tliese Tables*
Bonds—Prinoi-
giving immediate notice of any error
confer a great favor by
DESCRIPTION.
xx r
STOCKS' AND BONDS.
KAILROAD
1881. J
February,
Apr. 32 %- 25%
May 29 %- 25*2
J’ne. 33 - 24%
July 27 - 25
Aug. 28 %- 23
Sept 34%- 28
Oct.. 33 - 29%
Nov. 33 %- 30
Dee. 34%- 31%
-Prices of Stock.1880.
1879.
48%- 34% 81 %- 77%
46%- 39% 82%- 75
80 %- 77
44 - 40
48%- 40% 80 - 74
55 - 44% 76%- 61
72 %- 62
53%- 48
73 - 63%
53%- 50
70%
55 - 48*% 73
59%- 50% 72 %- 63%
71 - 56
82%- 70
85 - 78%
85 %- 70
96 %- 78%
83 - 75
ily Earnings.
-
-
-
400,332
434,164
410,103
-
444,104
-
422,123
388,454
-
-
Chronicle, V. 30, p.
355*
1879.
1878.
Total income
Disb ursements—
Interest on debt
Taxes
, $
514,591
149,420
$
745,203
102,696
$
982,748
83,912
664,011
$
428,383
171,974
earnings
Rentals, interest, &c.
$
693,446
181,445
874,891
Receipts—
Net
Dividend No. 15
Accounts charged
$312,603 $299,903
309,115
302,787
281,650
303,906
334.742
97%-x88
The last annual report was published in the
Income account for four years was as follows:
1876.
1877.
1881.
1880/
1881.
$
426,878
175,232
847,899
$
420,087
140,020
1,086^410
425?180
103,744
*66,429
def. 41,843
221,363
off.
2,319
Balance, surplus.
272,215
,
117.014
374,770
47,864
121,582
Cincinnati Sandusky d Cleveland—Juue 30, 1879, owned from
dusky, O., to Dayton, O., 154 miles; branch, Carey to
leased, Columbus Springfield & Cincinnati, 44 miles; total
miles, less the division between Springfield & Dayton, 24 miles,
Pool.
38; Y. 32,
p. 69.)
Cleveland d Mahoning Valley. -Doe. 31,1878, owned from Cleveland,
O., to Sharon. Pa., 81 miles; Niles, O., to New Lisbon, O., and branches,
46 miles; total operated, 127 miles.
Chartered in 1848 and opened in
1851. It was leased to Atlantic & Great Western in perpetuity from
October 1,1861. The Receiver of the Atlantic & Great Western refused
to operate part (43 miles) of the leased road. A new lease was made
to the reorganized company, New York Pennsylvania & Ohio, at
apolis.
p.
$400,000.
leased to and
operated by the
/—
Traffic Statistics.
>
Net
Gross
Years.
San¬
Findlay, 16 miles;
operated, 214
which is
Cleveland Columbus Cincinnati & Indian¬
Available
Reoeived.
Paid.
Earnings.
$80,000
$70,024
$787,671
$225,895
81,124
71,186
791,891
214,983
80,000
65,206
655,421
124,744
65,942
67,621
647,202
112,284
40,000
69,869
655,300
110,236
received from Cleveland Columbus Cincinnati &
Earnings.
...
-Lease Rentals.-
Revenue.
$215,899
205,044
109,950
113,963
140,105
Indianapolis
Columbus
Springfield & Cincinnati Railroad Company (formerly $80,000 a year)
has been reduced one-half for three years. Six coupons on 2d mortgage
bonds were funded from June, 1877. The preferred stock has a lien by
deposit of old bonds in trust. The receiver, after a three years’ posses¬
sion of the property, was discharged January 1880.
(V. 28, p. 145; V.
29, p. 197, 382, 406; Y. 30, p. 144, 168, 192; V. 31, p. 179, 405, 429,
The rental
Railroad is 35 per
cent of gross
earnings, and that paid to
672; V. 32, p. 15.)
1879, operated from Dayton, O.,
which 24 miles were leased from Cincin¬
and operated by Clev. Col. Cin.
Cincinnati d Sj)ringfield.—Dec. 31,
to Springfield, O., 80 miles, of
nati San. & Clev. RR. The whole is leased
& Ind. Co., giving them a line into
tion.
Lessees apply any excess over
is guaranteed on the first mortgage,
Cincinnati, and depot accommoda¬
rentals to C. & S. interest, which
one-half by the lessees and one-half
by L. Shore & Mich. Southern. Stock is $1,100,000.
Cincinnati Wabash d Michigan.—Dec. 31, 1879, owned from Goshen,
Ind., to Anderson, Ind., Ill miles. Road, as now existing, opened in
May, 1876. Transferred to trustees Jan. 1, 1878, and sold Nov. 5, 1879,
to said trustees, for account of bondholders. New company organized
April, 1880, under name of Cincinnati Wabash & Michigan Railway.
New stock, $3,000,000, to be issued. (V. 29, p. 382; V. 30, p. 433.)
Cincinnati d Indianapolis.—Dec. 31,1879, owned
Columbus, O., 138 miles; Galion, O., to Indian¬
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles; leased,
Cincinnati & Springfield Railroad, 80 miles; total operated, 471 miles.
This was a consolidation in April, 1868, embracing the C. C. & C. and the
Cleveland Columbus
from Cleveland, O., to
Beliefontaine railroads.
after that the large
rentals paid -reduced
were
The company paid
dividends prior to 1877, but
decline in rates for through freight and the heavy
the company’s income so that no further dividends
paid until February,
1880. In August, 1880, dividend passed, on
On the exhibit in V. 32,
account of the exhibit shown in V. 31, p. 38.
p. 69, showing net surplus of $880,65o
cent February, 1881, was made. The sinking
dated bonds may be canceled at option of
And
monthly earnings have been;
in 1880, the dividend of 5 per
fund provision of consoli¬
holders. The prices of stock
*
In 1878
$21,675 discount on bonds,
-(V. 28, p. 301; Y.
and in 1879 paid Wabash
30, p. 248, 322, 355,
$357,000 till January, 1885,
494.)
425, 518; V. 31, p.
and $412,000 per year
afterward. (V. 30*
-
Marietta, O., to
Cleveland d Marietta.—June 30,1879, operated from
Canal Dover and branch, 101 miles. This company was
successor of the Marietta Cleveland & Pittsburg.
are authorized, to build 24 miles to Canton, O.
(V. 31, p.
organized as
Bonds for $1,000,000
94.)
Cleveland Mount Vernon d Delaware.—Dec. 31, 1879, owned from
Hudson, O., to Columbus, O., 144 miles; leased, Massillon to Clinton,
12 miles; total operated, 156 miles. Annual liabilities—Rental, $20,000,
and bond interest (7s, $2,300,000), $161,000. This amount is demanded
from the Pennsylvania Co. (lessees), but a readjustment is claimed by
the lessees. Default was made July, 1874, and coupons duo then and
one-half of coupons from Jan. 1,1875, to and including July 1, 1877,
postponed to Jan. 1, 1885, and the remaining half to be paid;
but this failed July, 1877, and negotiations have nevq? been concluded.
Foreclosure suit begun June, 1880,and Mr. G. A. Jones, of Mt. Vernon,
O., appointed Receiver in Sept., 1880. Common stock, $1,318,129; pre¬
ferred, $451,450. Net earnings in 1878, $64,971; in 1879, $27,061.
-(V. 28, p. 400; V. 30, p. 271, 600; V. 31, p. 259, 357.)
Cleveland d Pittsb.—Dec. 31,1879, owned from Cleveland, O., to Roch¬
ester, O., 124 miles; branches—Bayard, O., to New Philadelphia, 33
miles; Yellow Creek to Bellaire, 43 miles; leased, Rochester to Pittsburg
(P. Ft. W. & C\), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dec. 1, 1871, to Penn. RR. Co., and lease trans:
ferred to Pepn. Co. May 1,1872. Rental, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees assuming all liar
bilities. The terms of the lease were 10 per cent, but the old stock was
subsequently converted into 7 per cent by an increase in amount.
Operations and earnings for five years past were as follows: Net
Div.
Passenger
Freight (ton)
Gross
were
Years.
Miles.
226
226
226
226
226
Mileage.
17,611,298
19,844,913
15,640,607
14.853.524
16.624.524
Mileage.
Earnings.
116,819,297 $2,629,037
108,664,100 2,282,030
133,991,706 2,330,834
143,114,623 2,272,167
164,675,804 2,418,516
Earnings, p.c.
$1,243,627
890,582
1,039,172
966,112
1,151,780
7
7
-(V. 28, p. 41, 300.)
Cleveland Tuscarawas Val. d Wheel.—Dec. 31.1879,
River, O., to Urichsville, O., 101 miles. Chartered as
owned from Black
Lake Shore & Tus.
Val. in 1870 and opened in 1873. Sold under foreclosure Jan. 26,1875,
and reorganized under present title. Is being extended to Wheeling,
57 miles. The new first mortgage is a prior lien bv consent of all toe
mortgage bondholders. Gross earnings in 1878, $474,525; in 1879,
$446,749. Net earnings in 1878, $114,462; in 1879, $162,319. Interest
liability, $244,850 per annum.
272, 297.)
Capital stock,
$1,055,950, (V. 30, p.
KAILROAD STOCKS
xm
AKD
BONDS.
rrou xxxii.
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
Miles
Date
Size,
For explanation of column headings, Ac., see notes
of
of
on first page of tables.
Road. Bonds
Colebrookdale—1st mortgage
Colorado Central— 1st mortgage, new
Columbia <6 Greenville— New mort.,g’ld,coup, or reg
Columbia A Port Deposit—1st mortgage
Columbus Chicago rf Indiana Central—Stock
IstM. (oonsoU Columbus, Chic. A Ind. Central..
do
Chic. A G’t East. (Chic, to Logansport)
do
Col. A Ind’polis Cent. (Col. to Ind’s, Ind )..
do
Union A Logansp’t (U’n City to Logansp’t)
18
78
164
39
588
588
117
208
93
1868
1879
1881
Par
$100AC.
Columbus.Springfield & Cincinnati—1st
mort
Columbus <t Toledo—1st mortgage coupon, s. f
2d mortgage
Columbus <£ Xenia—Stock
1st mortgage
Concorde—Stock
Concord <t- Claremont—Bonds
Concord <& Portsmouth.— Stock, guaranteed
Connecticut Central— 1st mortgage for $400,000...
Connecticut <£ Passumpsic—Stock
New mortgage (for $1,500,000)
Notes, coupon
Massawippi st’k,
do
61
102
107
208
224
,
ioo
1,000
-
....
.
1864
1865
...
....
537
187*0
•
-
•
•
m
m
m
m
•
•
•
,
in
in
in
45
118
118
55
55
141
71
41
.
1867
1872
1871
1875
1880
1,000
1,000
1,000
1,000
50
....
146
110
1874
div.
Conn. & Pass.
Conn. A Pass
as
1873
ioo
1,000
Ind. Cent. Co., together with $572,390 accrued
interest; that on the 1st
of Jan., 1880, there was due and unpaid, as rent, bv the
lessees, $3,356,855; but they are entitled to a total deduction of $587,281. leaving the
net amount due to the C C. A I. C. $2,769,574, save as of tenants
accepted,
and the trustees are entitled to receive 6 per cent interest thereon from
Jan. 1,1880, till paid, but none before that date; that the lessees shall be
bound under the lease to
pay to the trustees and their successors, so long
as their receivership shall
last, as rental for the premises of the C. C. A
I. C., 30 per cent of the gross
earnings of the road, and in case they fall
abort of $1,107,470 (7 per cent interest on $15,821,000 of bonded indebt¬
edness) in
any one year, then the deficiency shall be made good by the
lessee. That the lessee was entitled to receive from the C. C. A I.
C.,
on its claim for betterments, income
bonds to the amount of $660,000.
From this decision the Pennsylvania RR.
appealed to ihe U. 8. Supreme
Court. The effect of the decision was considered in the New York Com¬
mittee’s circular, V. 30, p. 289. In Jan., 1881, a
compromise was made
by which the Penn. Company issued new bonds to buy up the C. C. A I. C.
bonds. (See V. 32, p. 122.) There is also on record a
judgment for $932,500 on $298,000 Newcastle A Richm. RR., 1st mort.
bonds, with interest,
•head of the consol, mort. The gross earnings for six mos., Sept, to Mar.,
are given as
$2,282,748, and net earnings $725,2.37, against $361,927 for
same time in 1878-9. Operations and
earnings for four years past :
Passenger
Freight (ton)
Net
Gross
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earnings.
1876
581
37,754,467
274,953,224
$3,457,716 $506,608
581
31,795.297
581
32,132,185
254,492,612
3,396,255
455,340
305,019,182
3,433,665
411,514
580
33.967,484
402,856,462
3,911,261
756,300
—<T. 30, p. 16, 163, 289, 383, 518; T. 31, p. 535; V.32,p. 122,155.)
/
A D.
A D.
A J.
2*5
Whom.
Dividend.
Phila., Co.’s Office.
June 1, 1896
Boston, Treas.’s Office,
New York.
-
Aug. 1, 1892
....
*A
A
A
A
F. A
M. A
n
123,000
400,000
3 hi
7
2
7
7
2
6 g-
Api
N. Y., A. Iselin A Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1893 A’95
Nov.,
Dee.,
Feb.,
Dec.,
•
A.
Columbus, Office.
O. N. Y., St. Nich. Nat. B’k
J.
do
do
S. N. Y., Union Trust Co.
A. N.Y., St. Nicholas N. Bk.
S.
do
do
Columbus
Q.-M.
Treasury.
Concord, N. H.
J. A J. Bost.AManchcster,N.H.
A. A 0.
F. A A.
A. A O.
Various
F. A A.
J. A J.
1904
1905
1884
1883
1886 to ’90
Nov., 1904
Feb., 1890
N.Y., St. Nicholas N. Bk.
M. A S. N. Y., Am. Exch. N. B’k
M. A N. Best. AManchester,N.H.
400,000
1870
J.
,1.
J.
F.
A.
J.
M.
7
5
350,000
325,000
2,175,700
1,409,500
100 Ac.
100 Ac.
100
38
38
1,786,200
302,000
1,500,000
500,000
50
500 Ac.
100
,
11887766--9900..
1,000
•
4
7
7
7
7
7
394,000
1871
guar, same
bonds, guar, by
23,200
120,000
8,995,000
57,545
1,500,000
2,400,000
1,500,000
1,000,000
1,000,000
2,474,000
When
Payable
A. A O.
Various
J. A J.
A. A O.
F. A A.
J. A J.
Various
M. A N.
J. A J.
F. A A.
F. A A.
F. A A.
7
7
7
7
7
7
7
7
7
7
7
821,000
I860
1875
*7*
113,000
50
500 Ac.
.
Colebrookcdale—Nov. 30,1879, owned from Pottstown, Pa., to Barto,
Pa., 13 miles. Chartered in 1865 and opened in 1869. Leased for20years
from Jan. 1, 1870, to Phila. & Read at 30 per cent of gross earnings. In
June, 1880, default was made on bonds. Gross earnings in 1879, $30,544;
net earnings (30 per cent rental), $9,163. Payments—interest, $36,000,
and other, $305. Capital stock, $297,215; funded debt, $600,000, and
floating debt, $54,432; total liabilities, $926,087. Construction ($52,146
per mite), $667,774, and profit and loss, $288,784. (V. 30, p. 589,)
.Columbia <£ Greenville (S. C.)—‘This is the reorganization of the Green¬
ville A Columbia road. The Company owned from Columbia to Greenville,
8. C., 144 miles; branches to Abbeville and Anderson, 21 miles; total, 165
miles. In 1878 a Receiver took possession and the road was sold in fore¬
closure April 15,1880, but sole disputed, and in Aug., 1880, new bids were
ordered by court and the sale was afterward confirmed and reorganiza¬
tion was made, with bonds as above. Gross earnings in 1879 were $434,693; net, $78,774, against $182,127 in 1878. Net Jan. 1 to Oct. 23,
1881, $66,391. (V. 30, p. 322, 384.408; V. 31, p. 68, 94, 259, 453, 5883
Colorado Central.- Dec. 31,1879, owned from Cheyenne,Wy.,to Denver
(standard gauge), 133 miles; and Golden to Central City, 25 miles; and
Torka Creek to Georgetown, 40 miles; total 3-foot gauge,
65 miles; total
operated. 198 miles. Chartered in 1865, and main line opened in 1870.
If is largely owned by the Union Pacific. The new mortgage bond was
issued to take up the old 8 per cent bonds. (V. 28, p. 269; V. 30, p. 168.)
Columbia <£ Fort Dejwsit.—Dec. 31, 1879, owned from Columbia, Pa., to
Port Deposit, Md., 39 miles. Leased to and operated by Pennsylvania
RR. Co. Rental, net earnings.
Gross earnings, 1878, $fi6.,174; operat¬
ing expenses, $22,210, and net earnings, paid to lessors, $13,964. Capi¬
tal stock, $208,177; funded debt, $1,603,000, and
floating debt, $449,732; total liabilities, $2,260,899. Cost of property, $1,702,335.
Columbus Chic. <S: Ind. Cent.—Dec. 31,1879, owned from Columbus, O.,
to Indianapolis, Ind., 187 miles; branches—Bradford Junction, O., to
Chicago, Ill., 231 miles; Richmond, Ind., to Anoka Junction, Ind., 102
miles; Peoria Junction, Ind.. to III. State Line, 60 miles; total operated,
580 miles. This company was formed Feb. 12, 1868, by consolidation of
the Col. A Ind. Cen. and Chic. A Gt. East, railroad
companies, and was
leased to the Pittsburg Cin. A St. Louis Railway Co.
February 1, 1869,
by whom it was operated during the last two years, under direction of the
V. S. Circuit Court, for account of Receivers of the C. C. A I. C.
Ry.
Co. The lease stipulated that the lessees should maintain the road and
equipment, operate it, and pay over to the lessors 30 per cent of the
gross earnings. Also, that the rental should always be equal to the inter¬
est on $15,(>00,000 first mortgage bonds of the C. C. A I. C.
Ry. Co.,
and $821,000 of the second
mortgage bonds of the Col. A Ind. RR. Co.
The lessees also agree to pay the interest as it accrues on these bonds.
Any net earnings remaining after the payment of this interest are to be
applied to the payment of interest on the second mortgage 7 per cent
bonds to the amount of $10,000,000 (or on the preferred stock into which
these last bonds may be converted), to pay to a sinking fund of one-half
of one per cent on the $15,821,000 referred to, and to
apply any balance
to dividends on common stock. In August, 1874, default was made on the
$5,000,000 seconds, and April 1, 1875, defaulted on first mortgage. In
the suit between lessor and lessee, Judge Harlan decided the debt must be
reduoed to the limit—(See bondholders’ report, V. 29,
Pursuant
p. 656.)
to this decision, the debt was substantially reduced as
required, and the
final decision of Justice Harlan in Jan., 1880, ruled, in
substance, that
the Col. Chic. A Ind Cent. Co. had performed its covenant of the lease in
J*77
1878
1*79
•
6
7 g.
6 g.
7
715,000
510,500
372,000
1863
1864
Rate per
Cent.
$600,000
2,526,000
2,000,000
1,603,000
13,938,972
10,478.000
224,000
2,632,000
1,000
1,000
68781
do
Tol. Logansp’t A Burl.(Logausp. to Ill. line)
do
Col.A Ind. com.,1st A2d pf.(Col. to U’n City)
do
Ciun. A Chic. Air Line(Richm’d to Logans.)
2d M. Col. A Ind’polis Cent. (Cov. to Union City)..
do
Chic. A G’t East, coustruo. (Chic, to Rich’d)
do
Columbus, Chicago A Ind. Central
Income oonv. do
do
do
Income (Toledo, Logansport A Burlington)
Union Trust Co. certificates
Columbus <t Hockinq Valley—Stock
1st mortgage, sinking fund bonds
2d mortgage bonds
Amount
Outstanding
Value.
1868
Bonds—Princi►al.When Due.
Where Payable, and by
Stocks—Last
INTEREST OR DIVIDENDS.
or
Feb. 10, 1881
Oct. 1, 1897
Jan. 1, 1892
Sept. 1, 1901
Aug. 1, 1005
Sept. 1, 1900
Dec. 10,1880
Sept. 1,1890
Nov. 1. 1880
1694
Jan. 1, 1881
Oct., 1895
Boston, Office.
Feb.
1, 1881
do
do
do
April 1, 1893
do
Jan.
Jan. 1, 1881
Feb. 1. 1881
1, 1890
Columbus & Hocking Yal.—Dec. 31,1880, owned from Columbus, O.,
to Athens, O. (steel), 76 miles; sundry branches, 35 miles; total operated,
111 miles. In November, 1880, branch to Oreville completed—18 miles.
Chartered as “ Mineral RR.” in 1864. Present title adopted in 1867 and
main line'opened in 1869. In 1879 a million tons of coal were moved.
Gross earnings, $1,005,973, and expenses, $636,773; net earnings,
$395,799.
Dividends of 8 per eent have been paid for some years.
report was published in V. 30, p. 407. Operations and
earnings for four years past were as follows;
Passenger Freight (ton)
Gross’
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. c.
88
3,157,140
47,572,017 $841,139
$386,834
8
94
3,228,815
55,860,504
820,899
357,755
8
100
3,093,965
63,317,069
871,553
8
391,127
100
3,652,905
73,188,798 1,032,572
395,799
8
-(V. 28, p. 399, V. 30, p. 407 ; V. 31, p. 483.)
The last annual
Columbus
Springfield rf- Cincinnati.—June 30, 1879, owned from Col¬
Springfield, O., 44 miles. Opened in 1872. Leased to Cin¬
umbus, ()., to
cinnati Sandusky A Cleveland for $80,000 a year, but in
rental reduced one half for the next succeeding three years.
balance sheet showed: capital stock, $1,000,000; bonds,
1878 leaseIn 1878 th©
$1,000,000;
unpaid coupons, $70,000; and profit and loss, $59,428 ; total liabilities,
$2,129,428. Construction, $2,000,000; rental account, $100,000; and
other property and assets, $29,428.
(V. 31, p. 405.)
Columbus & Toledo.—Dec. 31, 1879, owned from Columbus, 0.7to
bridge, O., 118 miles—about 65 miles steel. Completed in 1877.
tracks of Northwestern Ohio
are
WaT-
Th©
used for 5*2 miles from Walbridge to
Toledo. Gross earnings in 1879, $574,893, and expenses, $314,632.
Net earnings, $260,260; lease rental paid Northwestern Ohio Railroad,
$21,178; interest. $169,867. Capital stock is $915,097. Annual report,
V. 30,p. 407.
(V. 28, p. 399.)
Columbus <& Xenia.—Dee. 31,1879, owned from Columbus, O., to Xenia,
O., 55 miles. Is operated as a division of the Little Miami, and is leased
for 99 years in connection with that road to the Pittsburg Cincinnati &
St. Louis, which pays 8 per cent on stock and provides for the bonds.
The lease is guaranteed by the Pennsylvania Railroad Company. Th©
Columbus A Xenia pays 825 per cent dividend per annum.
Concord.—March 31,1879, owned from Concord, N.H., to Nashua, N.H.,
miles; Manchester A North Weare, 19 miles; Hooksot Branch, 7
miles; leased—Concord A Portsmouth, 41 miles; Suncook Valley, 20
miles'; Nashua Acton A Boston, 20 miles; total operated, 142 miles.
Operations, earnings, and income over rentals, Ac., for four years past
35
were as
follows:
,
Miles.
142
142
142
Years.
..
-(V. 28,
p.
12,067,832
Freight (ton)
Gross
Net
Div.
Earnings. Earnings, p. c.
Mileage.
10
19,111,714
$871,528 $294,761
10,856,140
10,580,508
21,634,669
21,609,056
Passenger
Mileage.
•
142
525
.
;
771,171
733,004
870,088
340,454
318,847
10
10
10
V. 30, 599.)
Concord
Claremont.—March 31, 1879, owned from Concord to Clare¬
mont, N. H., 56 miles; branch, Contoocookvillo to Hillsborough, N. H..
15 miles; total operated, 71 miles. Consolidation of several small roads
in 1873. Gross earnings in 1878-9, $139,026, and operating expendi¬
tures, $101,162; net earnings, $37,758.
Capital stock, $110,900, and
bonds, $500,000; total stock and bonds. $910,000.
Original cost of
property, $1,850,000. Floating debt, $254,245.
Concord £ Portsmouth.—March 31, 1879, owned from Portsmouth, N.
H„ to Manchester, N. H.. 40^ miles. Tho road was sold to tlrst mort¬
gage bondholders in 1857, and leased to Concord RR. in 1858. Deas©
rental is $25,000 a-year, which gives 7 per cent a year to present stock¬
holders.
There is
no
debt.
•
Connecticut Central.— Sept. 30, 1879, owned from East Hartford, Ct.,
to Mass. State Line, 20 miles; branch from Melrose to Rockville, Ct., 7
miles; leased, Springfield A New London. Springfield to State Line, 8
miles; total operated, 35 miles. Leased to New York A New England RR.
from June 1, 1880. Capital stock, $437,600; funded debt, $325,000; and
bills, overdue coupons, Ac., $28,953. In March, 1880, $302,000 of th©
bonds
were
sold to N. Y. A New England
Connecticut eC
RR.
<V. 30, p. 116, 357, 544.)
Passumpsic.—June 30, 1879, owned from White River
Junction, Vt., to Camwla Line, 119 miles; leased, Massawippi Valley
and branch (Canada), 37 miles; total operated, 147 miles. Chartered
in 1835. Completed in 1863. The lease of Massawippi Railroad is at
6 per cent on bonds and same dividends as are paid on the stock of th©
lessee.
Abstract of hist report in V. 31, p. 303. The new mortgage of
$1,500,000 will retire previous issues. Operations and earnings for four
years past w^ere as follows:
Passenger Freight (ton)
Gross
Net
Dir.
Years.
-(V. 29,
p.
Miles.
147
147
147
147
Mileage.
5,619,829
4,464,983
4,400,575
6,174,878
Mileage.
7,618,721
8,179,341
8,574,443
13,670,452
299, 301; V. 31, p. 303.)
Earnings. Earnings, p.o.
$604,596 $244,311
..
558,612
222,590
3
544,142
219,695
3
657,547
226,139
3
KAILKOAD
1881.]
Fbbrpabt,
9ab»«rlbn>9 will confer a groat
Miles
explanation of coltunn headings, Ac., see notes
on
ftrst page
of tables.
-Consolidated gold mortgage
Corning Cowanesquc it Antrim—1st mortgage
Cumberland ct Pennsylvania— 1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberla?idTalley—Stock ($484,900 preferred) —
Gonnotton Valleg-
Common
Date
of
of
Road. Bonds
56
67
7
Connecticut River—Stock
Connecticut Western— 1st mortgage.
Connecting (Phila.)—1st mortgage..,
1st mortgago
2d mortgage,
sinking fund guaranteed
bonds
Danbury <t Xomcalk—Stock
1st and 2d mortgages
:
Consolidated mortgago
Danville Olney <t Ohio River.—1st mortgago
Dayton it Michigan—Cora, stock (S^guar. C.H.AD.j
Preferred stock, (8 percent, guar. 0. H. AD.)
2d mortgage
Income mortgage
64
38
110
52
52
33
33
Amount
Outstanding
Value.
$100
1870
1864
1881
....
38*
or
Par
1,000
1,000
....
1,000
....
....
....
’70-”72
-
1880
52
142
142
142
142
142
....
....
803,500
594,000
1,777,850
161,000
109,500
81,800
600,000
1,000
50
500 Ac.
500 Ac.
100 Ac.
50
100 &c.
’
50
50
1871
1856
1,000
1867
1,000
1869
1,000
61&64 500 &c.
31
....
bonds
A X..
B
Delaware Lackawanna dt Western—Stock
2d mortgage (Delaware Lackawanna A Western)
Consol, mort., on roads A equipm’t,($10,000,000).
Bonds (convertible June 1, 1875 to ’77)
Lackawanna & Bloomsb., 1st mort. (extension)..
41
100
85
....
1865
1,000
1875
•
27
195
115
288
60
•
•
•
1875
1856
1877
1872
1859
1,000
....
earnings in 1879-80, $238,810: net, $15,503. Capital stock,
Permanent property.
$5,042,785.
No bond interest
50
500 Ac.
and ’4.
Gonnotton Valley.—This road is in progress from Bowerston to Cleve¬
land, Ohio, and when completed it will be 118 miles long, narrow gauge,
($22,000 per mile), and $3,000,000
value of $50 each. The company
was operating in January, 1881, 41 miles of the road.
The annual
interest charge will be $182,000.
Corning Cowanesquc <6 Antrim.—Dec. 31,1879, owned from Corning,
N. Y., to Antrim, Pa., 53 miles; branch, Lawroncevillo to Elklaud, Pa.,
11 miles; total operated, 64 miles. Consolidation (Jan., 1873) of the
Petersburg & Corning RR. and the Wellsboro RR.. June 1, 1874, the
Cowanesquc Valley RR. was absorbed. These lines are leased to and
operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
$35,000; 6 per cent on common stock, $84,000, and 12 per cent on pre¬
ferred stock, $60,000; total rental, $179,000 a year.
Stock—common,
$1,400,000, and preferred, $500,000; and 7 per cent bonds, $500,000;
total ($137,500 per mile), $2,400,000.
Annual drawings of $20,000
commencing in 1880.
Cumberland rf Pennsylvania.—Dec. 31,1879, owned from Cumberland,
Md., to Piedmont, Md., and several branches, 55 miles; almost all steel
rail.
It is owned and operated by Consolidation Coal Company, which
guarantees second mortgage.
Cumberland Valley—Dec. 31, 1879, owned from Harrisburg, Pa., to
Potomac River, Md., 82 miles; leased—Martinsburg & Potomac Railroad,
12 miles; Dillsburg A Moohanfcsburg Railroad, 8 miles; Southern
Pennsylvania Railroad, 23 miles; total operated, 125 miles. Char¬
tered in 1831. Main line, Harrisburg to Cumberland, completed in
1839, and extendod to the River in 1872. Owns or leases several factory
roads, in all about 43 miles. The stock is owned in large part by Penn¬
sylvania Railroad Company. Last annual report V. 30, p. 297. Largo
advances have been made to branch roads. Operations and earnings for
fire years past were as follows :
Passenger Freight (ton) Gross
Net
/—Div.p.e.—n
Years.
Miles.
Mileage.
Mileage. -Earnings. Earn’gs. Prof. Com.
125 7,163,054 9,730,205 $526,076 $249,042 10
10
125 7,314,649 10,531,250 547,994 289,351 12^ 12^
125 5,869,562 11,062,510 519,851 254,253 10
10
'. 125 5,416,229 11,030,907 536,410 224,985 10
10
have $2,600,000 seven per ot. bonds
of stock—60,000 shares of the par
125
(V. 28, p. 427 ;
5,265,292 12,485,385
503,597
264,900
10
10
V. 30, p. 297.)
Danbury dt Norvoctlk.—Sept. 30,1879, owned from Danbury, Conn., to
South Norwalk, Conn., 24 miles; branches to Ridgefield and Hawleyvillo, together 10 miles; total operated, 34 miles. Opened in 1852.
Dividends havo been irregular. Operations and earnings for five years
past were as follows:
Passenger
Net
Freight (ton)
Gross
Div.
Earnings.
Earnings, p. c.
Mileage.
2,521,678
960,077
$173,478
$73,340
6
34
903,384
165,245
43,371
3
2,464,378
34
2,557,337
932,634
157,953
39,667
....
34
2,481,889 1,099,900
35.318
2
164,236
34
184,407
3,301,269. 1,308,897
60,079
2^
—(V. 30, p. 567 ; V. 31. p. 509.)
Danville Olney & Ohio River.—This road is in progress.'?Bonds offered
in 1881 by Corbin Banking Co., Boston.
Dayton it Michigan.—March 31, 1879, owTned from Dayton, O., to
Toledo, O., 141 miles. Opened in 1862. Leased in perpetuity to the
Cincinnati Hamilton & Dayton. A preferred debenture stock takes up
the bbnds. A sinking fund is also provided. The lessees hold $1,398,100
Years.
of the
Milos.
34
Mileage.
stock.
15.)
Dayton <t Union.—June 30,1878, owned from Dodson, O., to Union Citv,
Ind., 32 miles; leased Dayton to Dodson, 15 miles; total operated, 47
mill's. The Greenville A Miami RR. was sold out Oct. 30, 1872, and re¬
organized as now Jail. 9, 1863. Operated by trustees since Dec., 1871.
Gross earnings in 1878, $107,010; operating, $68,020; net earnings,
$38,990. Paid lease, $10,000; equipment hire, $5,557, and bond inter¬
est, $28,695; total payments, $44,352. Capital stock, $86,300; funded
debt, $187,445, and other liabilities, $52,390; total, $626,135. Property
account, $620,224. (V. 32, p. 69.)
common
(V. 29,
p.
3,0(57,000
600,000
100 Ac.
in 1900-’ 1, ’2, 3
1879
1,633,000
1,000
has been
paid since Jan. 1, 1870. Foreclosure suit begun in 1880, and the State
Treasurer took possession.
(V. 30, p. 192, 405; V. 31, p. 509.)
Connecting (Philadelphia).—Dec. 31, 1879, owned from Mantua Junc¬
tion to Frankford Junction, Pa., 7 miles. A connecting link in Phila¬
delphia to the West and South. Operated by Pennsylvania Railroad.
Rental, 0 per cent on capital stock, $1,278,300; and funded-debt, $991,000. The bonds are issued in series ABC and D, maturing respectively
7
7
7
7
7
7
6 & 7
3
6
26,200,000
....
$1,892,100.
1%
1,500,000
....
Connecticut River.—Sept. 30, 1880, owned from Springfield, Mass., to
South Vernon, Vt., 50 miles; branches, 6 miles; leased Asliuelot RR.,
S. Vernon, Vt., to Keene, N. II., 24 miles; total operated. 80 miles.
Asliuelot RR. receives about $14,000. Pays 8 per cent dividends on stock
and lias paid off all the funded debt. (V. 29, p. 510; V. 31, p. 651.)
Connecticut Western— Sept. 30, 1879, owned from Hartford, Conn., to
New York State Line, 07 miles; leases 2 miles; total operated, 09 miles.
Chartered in 1868 and road completed in December, 1871.
Gross
1*4
7
6
7
4
252,444
495,000
1,468,994
650,000
1,598,000
25
....
6
rv
351,000
105,500
100,000
135,000
....
....
«...
8
8
2
1,211,250
1,846,000
426,000
J.
J.
M.
M.
Mends—Princls
370,900
Q.-J.
A. A 0.
A. A O.
A. & O.
Ouar.
J. & J.
J. & J.
Shocks—Last
Dividend.
Whom.
Boston, Bost.A AVb.RR. Jan. 1, 1881
N. Y., Mot. N. Bank.
July 1, 1900
Phila., Penn. RR. Oflloe. 1900-’l-’2-’3-’4
Nov., 1910
Boston, Agency.
'
July 1, 1885
New York, Co.’s Offloe. March 1,1891
do
do
May 1. 1888
Phila. and Carlisle, Pa.
Jau., 1881
Phila., T. A. Biddle A Co April 1, 1904
do
do
April 1, 1908
Jan. 1, 1884
do
do
New York and Danbury Mat. 1, 1881
N. Y.. Nat. City Bank.
1920, ’90, ’92
do
1920
do
A. A O. Cincinnati. C. H. A D.Co. "Jan., 1881
Jan. 1881
Q.-J. N. Y., Winslow, L. A Co.
do
do
J. A J.
July, 1881
M. A S.
do
do
Sept., 1884
do
do
A. A 0.
Oct., 1888
M. A S.
do
do
Mar..’81 A ’94
N.Y., Am.Exch.Nat.Bk. Jan. 1, 1879
Jan. 1, 1879
Jan. 1, 1879
i.
J.
J.
1905
1881
1895
Phil., Fid’lity I.T. A.S.Co
1881
Philadelphia.
1905
Philadelphia.
Jan. 20,1881
New York, Office.
March 1,1881
do
do
do
do
Sept. 1. 1907
do
do
June, 1892J
do
do
March, 1885
Jan.
Jan.
1,
2,
July 1,
Feb. 1,
August,
A J. N. Y., Am. Exch. N. B’k
A J.
Dover, Co.’s Office.
A J.
Q.-F.
F. A A.
1**
7
7
7
7
J.
J.
S.
N.
pal. When Duet
Payable, and by
.
l3*
7
A
A
A
A
M. A S.
M. & N.
2ia
400,000
100,000
400,000
2,401,574
....
"
4
7
6
7 g.
7 g.
6
6
500,000
....
1866
1868
Rate per When Where
Cent.
Payable
$2,100,009
3,200,000
991,000
2,600,000
500 Ac.
.
Dayton it Westei'n—1st M., guar. L. M. and C.
Delaware—Stock
•
Mortgage bonds, convertible, guar. P. W. A
Delaware dt Bound Bt'ook—Stock, guaranteed
1st mortgage
XXTfl.
INTEREST OR DIVIDENDS.
Size,
178 8774-5690:. 811862-790.
1st mortgage, sinking fund, $30,000 per year....
2d mortgage
8d mortgage
'
Toledo depot (cost $353,940) 1st and 2d mortgage
Dayton dc Union—1st mortgage
u
BONDS*
AND
favor by giving Immediate notice of any error discovered In tkne Tables*
DESCRIPTION.
/or
STOCKS
Q.-J.
M. A S.
M. A 8.
J. A D.
M. A 8.
Dayton it Western.— Dec. 31, 1880, Dwned from Dayton, O., to
Rich¬
Leased in perpetuity from Jail. 1,1865, to Little
Miami, and carried wTith that road in the general lease, to the P. C. & St.
Louis. The lessees are virtual owners and are answerable for all obli¬
mond, Ind., f 1 miles.
gations.
Delaware.—Oct. 31,1880, owned from Delaware Junction (P. W. A B.),
Del., to Delmar (Md. Line),84 miles; brandies, 16 miles; total operated,
100 miles, less one branch (6 miles) operated by the Dorchester & Dela¬
ware Railroad.
The Delaware Railroad wTas opened 1855-1860, and is
leased to the P. W. A B. Co.; rental 30 per cent of gross earnings, but
stock must have six per cent. Gross earnings m 1878-9, $448,362; net,
$134,508; in 1879-80 gross, $426,265; net, $127,879.
Dividends and
interest paid in 1879-80, $129,773.
(V. 28, p. 69.)
Delaware dt Bound Brook.—December 31, 1879, owned from Bound
Brook (C. of N. J.) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles; total operated,- 31 miles. In connection with Central
of Newr Jersey and North Pennsylvania forms a line between New
York and Philadelphia. In Mtw, 1879, the property was leased for
990 years to the Philadelphia & Reading Railroad Company—the lessee
paying interest and 6 per cent oil stock in 1879-81, 7 per cent in 1881-83,
and 8 per cent afterward. The terms were described as follows at the
time: “ The lease is for 990 years, being made for this term because the
Bound Brook’s charter is for 999 years, and a few years of its existence
have already passed. The conditions are that the Reading is to pay all
interest on the bonds of both the main roads and the laterals, and the
interest on the floating indebtedness at 6 per cent until tlio bonds are
converted. The Reading also binds itself to pay dividends on the stock
of both roads quarterly, on the 1st of February, May, August and No¬
vember. For the first two years it is bound to pay 6 per
for the next two years following, 7 per cent, and for all subsequent
years 8 per cent, free of all taxes. The bonded indebtedness
the
Bound Brook road is $1,500,000, and the capital stock about $1,500,000.”
Gross earnings in 1878 $270,570; net, $119,022.
(V. 28, p. 451, 503;
V. 30, p.566.)
-
cent dividends;
of
Delaware Lackawanna ft Western.—Doc. 31,1879,
River (N. J. line) to New York State line, 115
Scranton to Northumberland. 80 miles; Greenville
ware
owned from Delrv-
miles; branches—
to Winton, Pa., 8
miles; Junction to Keyser Valley, Pa., 5 miles;, leased lines in New
York—Cayuga & Susquehanna Railroad, 35 miles; Green Railroad,
Smiles; Oswego & Syracuse Railroad, 35 miles; Utica Chenango &
Susquehanna Valley Railroad, 98 miles; Valley Railroad, 11 miles;
operated—Syracuse Binghamton A Newr Yqrk, 81 miles;
miles; Utica Clinton A Binghamton, 31
miles; leased lines in New Jersey—Chester Railroad, 10 miles; Morris
& Essex, 118 miles; Newark & Bloomfield, 4 miles; Warren Rail roan,
19 miles; total operated, 670 miles. For the terms of leases, see remarks
imder the names of the respective leased roads.
The Lackawanna A
controlled and
Rome & Clinton Railroad, 13
Bloomsburg wras consolidated with this company June 19,1873^ The
following is a synopsis of the annual statement or the company for 1879:
Gross earnings from all sources
$19,942,290
16,131>839
Less expenses
Balance not. earnings
Deduct interest on bonds and rentals of leased
Actual profit for the year
Add
ending Dec.
surplus income to Dec. 31,
1878
3,624,430
roads
$186,021
4,346,125
31,1879
$4,532,146
and
has been
statement
The entire cost of the change of gauge, heretofore kept as an asset,
con soil uently included in the surplus income of past years,
written off tne books of the company, namely, $873,809, leaving income
account surplus, Deo. 31.1879, $3,658,337.
The following
includes the operations of the Delaware Lackawanna A
proper
Western
Operations and earnings for five years past were as follows:
Passenger Freight (ton)
Gross
Net
Years.
Miles
Mileage.
Mileage.
Earnings. Earnings,
208 11,176,135 229,499,212 $6,282,108 $4,170^086
208 12,858,752 174,610,656 4,051,286 2,645,288
208
8,722,409 168,693,921 3,617.659 2,105,341
208
9,336,008 187,819,897 3,699,601 2,320,482
1879
The following
shows the gross and net earnings of the company
including the aggregate coal sales, for twelve years:
Gross
Earnings.
$804,696
$11,902,571
....
....
proper,
Gross
Net
Earnings.
Years.
Dir.
p. A
10
73*
Years.
3 874....
1875....
1876....
1877....
1878....
1879....
Net
Earnings.
Earnings.
$22,741,521
$5,743,75*
7,162,183
7,014,846
12,141,209
1,654,763
4,001.861
17,147,916
1,759,595
14,924,010
2,479,197
14,871,311
20,011,300
2,164,019
3,618,129
14,454,405
17,086,100
1,118.911
3,810,451
19,942,200
1,295,488
21,660,013
1873
5,331,310
25,334,989
u,ooi,cm»
.
The mortgage for $10,000,000 authorized will take up prior bonds to the
amount of $2,820,000 as they mature, and the balance is for
sources
as
required.
(V. 28. p. 144; V. 29, p. 119,
108, 408, 216, 229, 304.)
22o; V. JO, p»
AND
STOCKS
RAILROAD
xxviii
Subscribers will confer a great favor by giving Immediate
(Tol. xxxil
notice of any error discovered In these
Tables*
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
Date
explanation of column headings, Ac., see notes
on first page of tables.
of
Road.
of
Bonds
Size,
or
Amount
Par
Value.
Outstanding
Rate per
When
Cent.
Where
pal,^When Due.
Payable, and by
Payable
Whom.
Stocks—Last
Dividend.
-
Denver dk Rio Grande—Stock
lstmort., gold,
($30,000,000 author’d)
sinking fund
Arkansas Valley Division—1st mortgage, gold...
1st consol, mortgage ($15,000 per mile)
Denver South Park dk Pacific— stock
1st mortgage, gold, sinking fund
Des Moines <& Fort Dodge—1st mortgage, coupon
Det. Gr. Haven dk Mil.—1st M., guar.,(tor $2,000,000)
Consolidated mortgage, guar
Dollar (Oak. & Otta. RR.) bonds, Oct, 1, 1853
lstmort. (Detroit & Pontiac RR.), April 1,1851.
3d mortgage (Detroit & Pontiac RR.), Feb. 1854.
2d mortgage, (Detroit & Pontiac RR.), Jan. 1853.
Detroit Hillsdale tf: S. TF.—Stock
Detroit Lansing dk North.—Stock, common
Preferred stock
1st mortgage
Ionia & Lansing, 1st mort., coup., may be reg—
Dubuque dk Dak — 1st M., gold, gu. (payable at 105)
781
.
189
1870
1872
1880
100
1876
1874
1878
1878
1853
1851
1854
1853
1,000
1,000
1,000
200 Ac.
500 Ac.
1,000
1,000
1,000
182
59
63
143
100
43
55
55
90
90
90
30
36
36
270
1877
1869
1879
m
m
m
m
1863
1864
1863
1863
1870
1870
1870
1873
100
100
500 Ac.
1,000
1,000
100
500
500 Ac.
500
1,000
1,000
1,000
1,000
1,000
3,200,000
44,000
144,000
250,000
100,000
1,350,000
1,825,600
2,503,380
2,443,000
770,000
630,000
5,000,000
296,000
586,000
81,500
450,000
1858
50
100 Ac.
100
2,000,000
1,000,000
200,000
500,000
1,709,550
495,900
5,000,000
1870
1,000
3,123,000
•
•
•
•
Denver dk Rio Grande (3 ft.)—December 31, 1879, owned from Denver
City, Col., to Alamosa, Col., 251 niles; branches—Pueblo, Col., to Canon
City and Coal Mines, 44 miles; Cuchara, Col., to El Moro, Col., 45
miles; total to January 1, 1880, 340 miles. In November, 1880,
635 miles were completed The trouble between the Atchison Topeka
A Santa Fe line ana this company was finally settled by agreement,
and a judicial decree entered fixing it for ten years, (see V. 30, p.
143), viz.: “The Denver & Rio Grande is to stop the construction
of its Pueblo & St. Louis line east from Pueblo.
Its extension
into New Mexico is to be built only to a point half way between
Conejos and Santa Fe. The Atchison Topeka & Santa Fe Company
agrees not to build to Denver or Leadville, or to any other point
on or west of the Denver & Rio Grande Railroad.
An equal division of
the Leadville, San Juan and other Southern Colorado business from the
Denver A Rio Grande, is to be made between the two companies at
Pueblo. The Atchison Topeka & Santa Fe will also receive one-quarter
•of the Denver trafiic with the Missouri River and eastern points."
The Denver & Rio Grande offered to
3,500.000
1,800,000
2,200,000
2.000,000
65
242
Dubuque dk Sioux Ciiu—Stock
1st mortgage, 1st division
1st mortgage, 2d division (for $1,400,000)
Dubuque Southwestern—1st mort., pref., sink, fd—
1st mortgage, Oct. 1,1863
Dunkirk Alleyh. Valley dk Pittsburg—1st mort., gold
2d mortgage
3d mortgage
East Broad Top.—1st mortgage, registered
East Pennsylvania—Stock
1st mortgage
E^tat Tennessee Virginia & Georgia—Stock
1st mortgage singing fund bonds
294
43
565
212
150
88
189
$100 $16,000,000
500 dec.
6,382,500
500 Ac.
1,040,000
500 Ac.
8,475.000
exchange each $1,000 of the
subscriptions to the Pueblo A St. Louis road securities for $1,000 in bonds
and $50U in stock of the Colorado Coal A Iron Co. The trust deed of
the consolidated mortgage is to Louis H. Meyer and John A. Stewart,
7 g.
7 g.
7
4
7
6
6
5-6
7
7
8
7
2 >2
3Lj
7
8
6 g.
3
7
7
7
7
7 g7
7
7
3
7
3
7
M. A N.
M. A N.
J. A J.
N.Y.,
Am.Excii.Nat. B’k
New York.
tf.Y., Am.Excii.Nat. B’k
Nov. 1, 1900
May 1, 1902
Jan.
1, 1900
Aug. 15, 1880
M. A N. N.Y., London A Frankf’t May 1, 1905
J. A J. N. Y., Morton, B. ACo. June 1, 1905
•
,
A.
A.
M.
A.
F.
J.
F.
J.
J.
J.
A.
J.
J.
J.
A.
J.
A.
A?
J.
J.
M.
A.
J.
.
•
New York.
•
A
A
A
A
A
A
O.
O.
N.
O.
A.
A*
A.
J.
J.
J.
O.
J.
J.
J.
O.
D.
OO.
J.
J.
S.
O.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J.
New York A London.
do
do
New York.
do
Detroit.
New York.
1918
1913
Jan. 1, 1882
Jan. 1, 1882
Feb. 15,1888
Jan. 1, 1883
Boston.
do
Aug. 10, 1880
Jan
do
do
N.Y.,M.K. Jesup,P. ACo.
N.Y.,M.K.Jesup,P. A Co.
do
do
New York,
•
1883
1894
do
do
at Office.
N.Y.,M.K.Jesup,P. A Co.
N.Y., N.Y. Cent. A Hud.
do
do
-
15,1881
1, 1907
July 1, 1889
July 1, 1919
Oot. 15,1880
Feb.
Boston, 2d Nat. Bank.
do
do
July, 1883
Oot., 1883
June, 1890
Oot.
Oot.
1, 1890
1, 1890
Philadelp’a, Co.’s Office. July 1, 1903
Jan. 18,1881
Phila., by P. A R. RR.
Mar. 1, 1888
Phila., P. A R. office.
N. Y., R. T. Wilson A Co. Oct, 1, 1880
N. Y., Gallatin Nat’lB’k July 1, 1900
Burlington Cedar Rapids &
69.)
Dubuque dk Sioux City.—Dec. 31,1879, owned from Dubuque, Iowa, to
Iowa Falls, 143 miles. Chartered as Dub. & Pac. in 1856. Leased to Ill.
Cent, from Oct. 1.1867. for 20 years, the lessees agreeing to pay 35 per
cent of gross earnings for ten years and 36 per cent for next ten years,
with privilege to make the lease perpetual at the latter rate. Gross
earnings 1878, $925,228; net (after drawback to I. F. & Sioux City
Company), $394,145. Gross earnings, 1879, $92?,826.
Dubuque Southwestern—Farley, Iowa, to Cedar Rapids, Iowa, 55
miles. Formerly Dubuque Marion & Western. It is leased to Chicago
Milwaukee A St. Paul Company, and no separate report of earnings or
rental is made. Capital stock—common, $588,400; preferred, $589,600; funded debt, $548,000; and other liabilities (including overdue
coupons), $117,083; total liabilities, $1,843,083. The line is practically
a side property belonging to lessees.
(V. 26, p. 264, 459.)
Dunkirk Allegheny Valley dk Pittsb.—Sept. 30,1879, owned from Dun¬
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
War. & Pittsb. and Warren & Venango in 1872. Is owned by N. Y. Cent.
there join the Turkey River Branch of the
Northern Railroad.
(V. 30, p. 493; V. 32, p.
A Hud. Riv. Co., but accounts are kept separate. Gross earnings. 1879,
$283,132; no net earnings; deficiency, $20,109. Capital stock, $1,300,000; funded debt, $3,200,000; advance by lessee, Ac., $21,016; profit
and loss, $103,458; total liabilities, $4,824,474. Nominal cost of prop¬
erty, $4,815,379. (V. 30, p. 17.)
Fast Broad Top (Pa.)— Dec. 31,1879, owned from Mount Union, Pa.,
to Robertsdale, JPa., 30 miles. A coal road, opened in 1874/ The stock is
$568,400. In 1878 gross earn’gs were $90,808 and net earn’gs $38,122.
East Pennsylvania.—Nov. 30,1879, owned from Reading, Pa., to Allen¬
yearly earnings reported:
town, Pa., 36 miles. It is leased for 999 years from May 19,1869, to the
Gross
Average
Net
Phila. & Reading RR., at a rental of 6 per cent per annum on the stock
Years.
Miles.
Earnings.
Earnings. and interest on the bonds. G. A. Nicolls, President, Reading.
1874
120
$379,142
$183,516
East Tennessee Virginia <£- Georgia.—June 30,1879, owned from Bristol
1875....,
120
363,096
155,029
120
388,846
161,602 Tenn., to Chattanooga, Tenn., 242 miles; branch, Cleveland, Tenn.,
307
773,322
342,676 to Dalton, Ga., 30 miles; total operated, 272 miles. This was a consoli¬
337
dation, Nov. 20.1869. of the East Tenn. A Virginia and the East Tenn. A
1,124,571
337
1,157,466
Georgia railroads. The company owns the Cin. Cumberland Gap & Char¬
460
1,710,461 leston RR., and also has an interest in the Western No. Carolina and
3,478,066
—(V. 29. p. 40, 66, 301, 329, 382, 407, 459, 562, 583; V. 30, p. 16. 118, Rogersville A Jeffersonville railroads. A through route via North Caro¬
lina to the sea coast is purposed. A scheme is also broached to consoli¬
143, 248, 322, 493, 624; V. 31, p. 44, 94, 152, 558, 588, 652, 672.)
date and make a trunk line from Norfolk to Memphis. The bonds due
Denver So. Park dk Pac. (3 /(.)—Dec. 31,1879, owned from Denver, Col., in 1880 were
bought up at par, but not paid off. This company
to Gunnison, Ac., 135 miles; extension to Hortense, 8 miles; branch to leases the
Memphis A Charleston Railroad for 20 years, merely paying
Morrison from Bear Creek, 9 miles, and coal mine branches in So. Park. its
earnings as rental, but agrees fet* three years from Dec. 2,1879, to
3*2 miles; minor branches, 2*2 miles. Total operated, 154 miles. Exten¬ furnish funds to buy up any coupons of the M. & C. road remaining un¬
sion to Gunnison City, 58 miles, to be finished in November, 1880. paid. After the three years the lessee may surrender the lease on six
Bonds issued at the rate of $12,000 per mile of finished road. First months’ notioe. The last annual report was published in the Chronicle,
dividend paid August, 1880. Sept. 20, 1880, new branches authorized, V.
31, p. 556, and the earnings and income account for the year
and voted to increase the capital stock. In December, 1880, Mr. Gould
ending June 30,1880, were as follows:
bought most of the stock, and passed it over to the Union Pacific. (V.
1879-80.
1878-79.
29, p. 511; V. 30 p. 66, 624; V. 31, p. 45, 68, 152, 358, 429, 535, 558, Passage
$304,283
$270,438
•608; V. 32, p. 44.)
833,115
650,687
Freight
Des Moines a Ft. Dodge— June 30,1879, owned from Des Moines to Fort Express and mail
69,115
60,456
Miscellaneous
6,373
6,710
Dodge. Iowa, 84 miles. Originally a division of the Des Moines A Valley
RR., built in 1870 and sold out in 1873. Gross earnings in 1879 were
Total
$1,212,887
$988,293
$225,404; net, $84,062. Half of above bonds are incomes and depend
on earnings for their interest. Capital stock is $1,843,100, and funded
Expenses
776,994
620,103
debt $2,200,000; total cost of property to present owners, $4,200,000.
•of New York, as trustees. The deed is to secure and provide for an
issue of bonds, the amount afloat at one time not to exceed $30,000,000,
-of which $7,422,200 shall be used in retiring prior issues, and $5,500,000
shall be issued at once for the purpose of building and completing the
•extension to Leadville, New Mexico and San Juan mines, and other
points—565 miles of extensions are contemplated in all, and the bonds
are issued at $15,000 per mile.
The Arkansas Division bonds are held
by trustees of the Colorado Coal & Iron Co. The following are the latest
Dei. Grand Haven dk Mil.—Dec. 31,1880, owned from Detroit, Mich., to
Orand Haven, Mich., 189 miles. This is a reorganization of the Detroit
<fc Mil. which was sold in foreclosure
Sept., 1878. A sufficient amount
of first mortgage bonds is reserved to retire O. A O. and Det. A P. bonds
Net earnings
$435,893
$368,189
The increase in expenses was mainly due to the increased outlay for
renewals and betterments, laying steel rails, ballasting track, and in¬
crease of car equipments, as per following statement, which
shows
on maturity.
The bonds are guaranteed by the Gt. Western of Canada.
The consol, bonds draw 5 per cent till April, 1884, and 6 afterward.
(V.
27, p. 15, 40, 67,172, 251, 356; V. 28, p. 120.)
Det. Hillsdale dk Southw.—Dec. 31, 1878, owned from Ypsilanti, Mich.,
to Banker’s, Mich., 65 miles. The Det. H. & Ind. road was sold in fore¬
New engines and rebuilding engines
New cars and rebuilding cars
closure December 28,1874, and this company organized by the bond¬
holders. In February, 1880, a working arrangement was made with the
Toledo A Ann Arbor road.
(V. 30, p. 222.)
Detroit Lansing dk Northern.—Dec. 31, 1879, owned from Grand Trunk
Junction, Mich., to Howard City, Mich., 157 miles; branches—Stanton
Junction to Mecosta, Mich., 49 miles; Belding Br’ch, 1^ miles; Slaght’s
expenditures made for same, and which expenses were charged to
operating expenses:
Improvements of road, 46 miles steel rails, new ties, ballast, etc. $214,690
Total betterments charged to expenses
The income account and profit and loss account are as
Net earnings for the year...
Interest on Western North Carolina bonds
Branch, 1 ^ miles; total operated, 209 miles. A consolidation, April 11,
1871, of the Det. Howell & Lan., the Ionia & Lan. and the Ionia Stanton
No. railroads, under the name of Detroit Lansing & Lake Mich. RR.,
Total
Interest
-as
Profit
-earnings in 1878, $372,198; in 1879, $449,145. (V. 28, p. 326; V. 30,
p. 168, 271.)
Dubuque <& Dakota.—Dec. 31,1879, owned fromWaverly, la,, to Hamp¬
ton, la, 41 miles. Built on the old grading of the Iowa Pac. Dubuque &
«
the bonds issued for construction to the extent of
$10,000 per mflte. Bonds may bo paid off at any time at 105. No gen¬
eral account as yet published. Bonds as above $10,000 per mile; preieiTed stock $10,000 and ordinary stock $5,000; total, $25,000 per mile.
WiU be extended eastward from Waverly to Wadena, 45 miles, and
13,522
$166,635
21,785
sale of rails and old rails on hand
Total
Various items, old accounts
Dividend of May 1,1880, 3 per
$435,893
$449,415
282,779
*
Surplus for the year
on
$267,912
follows:
Old balances collected
which was sold in foreclosure December 14, 1876, and new stock issued
above. Gross earnings in 1878, $970,033; in 1879, $1,108,932. Net
r
19,896
33,326
HO
$188,531
$3,121
cent
58,879— 62,001
Balance to profit and loss for the year
$126,530
President Cole says in his report: “ The expenditures during the past
year for renewals and betterments have greatly improved the condition
1881.]
February,
f
Subscribers
will confer a great favor
DESCRIPTION.
by giving immediate notice of any error discovered In these
INTEREST OR DIVIDENDS.
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
Amount
-
on
East Tennessee
1874-5960
flrst page of
tables.
Virginia d Georgia- (Continued)—
endorsed)
EastTenn. & Georgia ($92,000 are
East Tennessee and Virginia (endorsed)
2d mortgage to U. S. Government...
Eastern (Mass.)—Stock.
112
130
....
282
(extended for 10 years)
Eastern (N. H.)—Stock.. —
Eastern Shore (Md.)—1st mortgage
Essex
RR.lst mort.
Mortgage
Eel
funding certificates
m
•
Elizabethtown Lex.dBig Sandy—1st mortgage,
Elmira Jeff. d- Canandaigua —Stock
m
m
m
16
38
94
River—Stock
Equipment bonds
•
•
•
122
47
77
77
77
gold
50-’56
1856
185(5
1876
•
.
•
•
1860
•
•
•
•
1879
1872
190,000
.
•
•
1,000
100
50
50
4,997,600
194,400
13,308,034
492,500
400,000
2,972,800
83,000
2,500,000
500,000
500,000
500,000
1,000,000
570,000
1,998,400
290,700
92,300
2,194,000
685,000
1,000,000
1,120,500
281,000
Williamsport—Stock, common
Preferred stock
1st mortgage bonds
Income bonds, 999 years
....
to run
Erie d Pittsburg—Stock
1st mortgage, convertible
2d mortgage, convertible
Equipment bonds
•
m
m
^
m
m
m
^
m
1860
1863
of State tax
m
m
-
81^2
81ia
81ia
^
1862
1865
1868
56
115
51
109
115
55
55
189
1869
1,000
500
50
100 Ac.
100 Ac
1,000
m
Europ'n d N. A m.—1st M., Bang’r to Winn.,Bang’r l’n
Evansv. d Terre Haute.—Stook ($100,000 is pref. 7.)
1st mortgage, Evansv. A Ill., sink, fund
1st mort.. sinking fund (Evansville to Terre H.)..
Consolidated mortgage (for $1,500,000)
Evanville Ferre Haute d Cate.—1st mort., gold
gold
Fitchburg—Stock
2d mortgage,
Bonds, ooupons,
•
100
into consolid. mort—
Consolidated mortgage free
•
•
-
•
•
•
•
1852
1854
1880
1870
1873
.
•
•
•
’74-7-9
($3,500,000 authorized)
m
m
1,000
50
1,000
1,000
1,000
1,000
1,000
100
325,000
4,500,000
1,000
1,500,000
continued, we think,
with steel, which will
probably take about four years to do. The revenue and profits received
during the year were sufficient to pay the operating expenses, renewals
and betterments of property as before shown, interest on bonded and
floating debt of the company, and a 3 per cent dividend to the stock¬
holders, leaving a surplus of $126,530, which amount has been carried
to credit of profit and loss account, out of which another dividend of 3
per cent was subsequently paid on Oct. 1 to the stockholders, amount¬
ing to $58,879, leaving to the credit of profit and loss account $67,651.”
of the road,
and these improvements should be
rails in the track are replaced
until all the iron
Earnings for six years past were as
follows:
Gross
Net
Div.
Earnings. p.ct.
3
$342,464
3
343,560
272
’
325,127
*3
409,609
272
3
272
368,188
6
272
435,893
The stockholders in October, 1880, voted to increase the stoek to
$5,000,000 by selling to the stockholders 150 per cent on their holdings
at the price of $30 per $100 share. Of this action the President, Mr. Cole,
said in his report at the annual meeting in November: “This action
on
the part of the stockholders has met with general approval,
so far as
your directors have been informed. At the same meeting
the board of directors were instructed to buy the Selma Rome
A Dalton Railroad from the syndicate, wl ich purchased it in June last
at Selma, Ala., if it could be done for $2,! !50,000, payable in 6 per cent
50-year registered coupon bonds of this company, and also to buy the
balance of the stock in the Georgia Southern Railroad. The board of
directors referred both these questions to jthe committee advisory to the
President, with power to act, and have Received its report, and have
also received propositions from the owners of the above roads for their
sale, which arc submitted to the stockholders herewith for. their action
at this meeting.” (V. 29, p. 382; V. 30, p. 567; V. 31, p.429,510,
Miles.
272
272
Years.
•
611,000
258,000
775,000
Earnings.
$1,059,986
1,058,954
994,050
1,022,252
988,291
1.212,887
Where
4kg.
2*4
6
J.
M.
M.
J.
J.
A
A
A
A
A
J.
S.
8.
D.
J.
k
6.—M.
7
6 g.
M. A. S.
Ik
2k
3k
6
5
lk
7
7
7
7
6
2k
7
7
6
6 g.
6 g.
3k
5, 6 A 7
Q.—F.
....
M.
J.
J.
A.
A N.
A J.
A J.
A 0.
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
Whom.
J. & J. N.
M. A N.
6
4
3
6
Tables*
Payable, and by
Payable
6
147,000
100
100 &c.
500 &c.
100
100 Ac.
100
When
Cent.
$535,400
$1,000
1,000
•
Rate per
Outstanding
1875-96.0: 11887769--90.
Elmira <6
nit
STOCKS AND BONDS.
RAILROAD
1881 to 1886
Y.,R. T. Wilson A Co.
do
do
•
May 1, 1886
Boston.
do
Boston and London.
Boston, by Treasurer.
Philadelphia.
Treasurer.
Boston, by
New York.
Baltimore, N. Cent. RR.
Phila., Penn. R. R. Co.
do
do
do
do
do
do
N. Y., Union Trust Co.
do
do
J.
do
do
O.
do
do
J.
do
do
O.
J. Bost., Merch. Nat. Bk.
N.
Company’s Offioe.
J. N.Y.,Farm. L’anA T.Co.
do
do
N.
do
do
J.
N. N.Y. ,Farm.L’an A T.Co.
do
do
J.
Boston, Offioe.
D.
do
O.
Q.-M.
J.
A.
J.
A.
J.
M.
J.
M.
J.
M.
J.
J.
A.
A
A
A
A
A
A
A
A
A
A
A
A
A
July 15.1873
Sept. 15,1896
Sept., 1906
Deo. 15, 1880
Jan. 1, 1900
Deo. 5, 1880
May 1, 1885
Mar. 1, 1902
July, 1879
Nov., 1880
Jan., 1881
Jan. 1, 1910
Oot. 1. 2962
Deo. 10, 1880
July 1, 1882
April 1, 1860
July 1, 1898
Oct. 1, 1890
Jan. 1, 1894
Nov. 15,1880
Jan. 1, 1887
Nov. 1, 1887
July 1, 1910
May 1, 1900
Jan. 1, 1903
Jan. 1, 1881
1894, ’97 A’99
31, 1880, owned from Canan¬
The road was foreclosed and
reorganized under present name Feb. 18,1859. It was leased to New
York A Erie for 20 years from Jan. 1,1859, and the lease transferred
to N. Cen. RR. in 1866 at a rental of $25,000 per year. Lease termi¬
nated Jan., 1879, and road now operated at cost by Northern Cen.
Elmira d Williamsport—Dec. 31, 1879, owned from Williamsport, Pa.,
Elmira Jefferson d Canandaigua—Dec.
daigua, N. Y., to Jefferson, N. Y., 47 miles.
N. Y., 76 miles. This company was reorganized under the
present name Feb. 29,1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $155,000 per annum
to Elmira,
stock are 5 per cent
included in the North¬
Pa.,rto Girard,
Pa., 81 miles; branch, Dock Junction to Erie Docks, 3 miles; total op¬
erated, 84 miles. Road opened in 1865. It was leased to the Pennsyl¬
vania RR. for 999 years from March 1, 1870, at a rental of 7 per cent
on stock and interest on the bonds, and the lease was transferred to
the Pennsylvania Co. From Girard to Erie, 15 miles, the traok of the
Lake Shore A Michigan Southern is used. The lease has been quite un¬
profitable to the lessees; in 1878 the deficiency paid by them was
$217,437 and in 1879 $232,653. Wm. L. Scott is President, Erie, Pa.
28, p. 377.)
European d North American.—Sept. 30, 1880, owned from Bangor,
Me., to Vanceboro (State Line), Me., 114 miles. Road opened in 1871,
since Jan. 1, 1880. The dividends on the common
and on the preferred 7 per cent. Operations are
(V. 28, p. 253.)
ern Central returns.
Erie (£• Pittsb.—Dec. 31, 1879, owned from New Castle,
and worked in connection with the European & North Amerioan Rail¬
way of New Brunswick and consolidated with
making an unbroken line from Bangor, Me., to St. John, N. B.,
miles.
In 1875 default was made, and the main division went into the
that line Deo. 1,1872,
205
2,1876, and a new
which issues new stock for the
The company had a land grant of
In the year ending Sept. 30,1880,
and net earnings $128,040. (V. 27,
p. 148, 251, 628: V. 29, p. 357; V. 31, p. 429.)
Evansville d Tei're Haute.—Aug. 31. 1880, owned from Evansville,
Ind., to Terre Haute, Ind., and branch, 115 miles. Rockville Extension—
Terre Hauie Ind., to Rockville, Ind., 23 miles—is leased to Terre Haute
A Logansport. This was formerly the Evansville & Crawfordsville RR.,
and took the present name April 1,1877. The company has done a very
fair business and has paid semi-annual dividends since 1877.
Of the
stock, $100,000 is preferred; shares $100, rate 7 per cent, payable
March and September. Of the new consolidated bonds $892,000 were
deposited with the Farmers' L. & T. Co. to exchange for main line bonds
as they fell due.
The last annual report was published in the Chron¬
icle (V. 31, p. 451) for the year ending August 31, 1880.
The income account for 1879-80 was briefly as follows:
hands of trustees of the
land-grant mortgage Oct.
company was organized October, 1880,
land grant mortgage ($2,500,000).
750,000 acres in the State of Maine.
the gross earnings were $408,326
556; V. 32, p 69.)
y
Eastern, Ma,s —Sept. 30,1880, owned from Boston, Mass., to New
Hampshire State Line, 41 miles; branches—Salem to Marblehead, 4
miles; Beverl >y to Gloucester, 17 miles; Salisbury to Amesbury, 4
miles; Revere to Lynn, 10 miles; Peabody to Wakefield, 8 miles; Salem
to Lawrenoe, 20miles; others, 14 miles; leased—Eastern RR. of N. H., 16
miles; Newbilryport City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls & Conway, 71
miles; Wolfeboro Railroad, 12 milea; total operated, 282 miles.
The company bechme embarrassed in §875 and compromised with its
bondholders by the issue of a general mortgage to fund all the prior non¬
mortgage debts, the new bonds to bear 3k per cent for three years from Net earnings
1876, then 4k per cent until September, 1882, and 6 per cent thereafter. Interest on bonds and loans
$81,763
Notes payable are $916,400, secured by collateral or real estate. Dividends, 5 per cent
The last annual report was published in V. 31, p. 509. Operations and
Balance, surplus
'•
earnings for five years past were as follows:
-(Y. 29, p. 459, 488 ; V. 31, p. 45, 451,453.)
, .
Passenger
Freight (ton)
Gross
Net
from
Evansville Terre Haute
Years.
Miles.
Mileage.
Mileage.
Earnings. Revenue.* Haute Junction, Ind., to d Chicago—June 30, 1879, owned miles;
Danville, Ill., 49 miles; leased, 6
282
34,224,383 $2,412,140 $683,594
69,453,812
uses
55
282
68,502,002
39,099,659
2,451,323
799,317 operated, the miles. Road was opened Dec., 1871.
282
61,706,681
871,810 track ofBlockRockville Extension into Terre Haute; also
39,116,073
2,422,394
Coal
miles. On April
282
65,403,019
44,996,094
2,485,977
994,785 Indiana A Eastern road, 14 was made for 99930,1880, a lease to
Chicago
Illinois
years;
282
77,081,998
61,707,305
2,905,056 1,084,927
“
Including other receipts.
p. 537, 629; V. 30, p. 144; Y. 31, p.
45, 509; Y. 32, p. 15.)
Eastern (2V. H.)—Sept. 30, 1879, owned from Massachusetts State
Line to Maine State Line, 16 miles. It was formerly leased for 99 years
to the Eastern (Mass.) Railroad, and a new lease was made from Oct.
1,1878, for 60 years and two months at $22,500 per year, equal to 4k
per cent per annum. Moody Currier, President, Manchester, N. H.
Eastern Shore (Md.)—Dec. 31,1879, owned from Delmar to Chrisfleld,
Md., 38 miles. The road was sold in foreclosure Feb. 19,1879, subject
to the flrst mortgage. George R. Dennis, President, Kingsland, Md. Act
passed Legislature of Md., and signed by Governor (April, 1880,) to re¬
organize road. Stook, $450,000 (partly com. and partly pref.), in shares
of $25. Preferred to receive 6 per cent dividend before any is paid on
-(V. 29,
common.
Eel River.—Dec. 31,
1878, owned from
Logansport.,
$213,256
50,871—132,634
$80,621
Terre
total
It
6 miles of the
leases the
the
terms, $75,000
and the assumption by the C. A E. I. of all rentals ana
by E. T. H. & C. The bonded interest was reduced to 6 per
per annum
taxes paid
cent and preferred
overdue coupons. Earn¬
.
,
Years.
Miles. Gross Earnings. Net Earnings.
$222,782
$98,233
55
55
77,224
209,673
55
242.896
94,236
—Josephus Collett, President, Terre Haute, Ind. (V. 30, p. 221, 298.)
Fitchburg.—Sept. 30,1880, owned from Boston, Mass., to Fitchbimg,
Mass, (double track), 50 miles; branches—Charlestown, 1 mile; Watertown, North Cambridge to Waltham, 7 miles; Lancaster & Sterling,
South Acton to Marlborough, 12 miles; Peterborough & Shirley, Ayer,
Mass., to Greenville, N. H., 24 miles; leased and operated—Vermont A
Mass. RR., Fitchburg to Greenfield, 56 miles; Turners Falls Branch,
Ind., to Butler, 3 miles; Troy & Greenfield RR.. Greenfield to North Adams, 37 miles ;
& Illinois RR., total, 190 miles. The Troy & Greenfield RR. and the Hoosao Tunnel,
stock for $100,000 issued for
past were as follows:
ings for three years
Detroit Eel River
sold under foreclosure July 6, 1877, and reorganized under present owned by the State of Massachusetts, have been operated by thie com¬
name Dec. 10, 1877.
In 1878 gross earnings were $206,855 and net pany, and are now contracted to it for seven years from Sept.
earnings $67,842. In August, 1879, it was leased to the Wabash St. In 1878-9 net income above rentals was $279,740; in 1879-80 it was
Div.
Louis A Paciflo Railroad, at a rental of 3 per cent per annum on the $383,635.
Operations and earnings for five years past were as follows:
Passenger Freight (ton)
Gross
Net
stock for two years, 4 per cent for three years, and 4 k per cent there¬
Miles.
Mileage.
Mileage.
Receipts. Revenue. p.ot.
Years.
8
after. (V. 28, p. 276; V. 29, p. 226; V. 31, p. 204.)
$321,812
152 29,537,753 41,692,039 $1,859,455
6
342,179
Elizabethtown Lexington d Big Sandy—From Lexington, Ky., to 1875-6.
1,920,413
30,690,340 53,224,939
152
6
347,620
Mount Sterling, Ky., 33k miles, was completed in 1873, and is leased by
1,937,934
6
152 32,266,503 68,041,193
379,212
“O0 Loinsv. Cm. A Lex. RR. Co.
Construction is in aotive progress, and
2,079,973
3
152 35,094,145 92,832,640
498.851
tne line to Ashland, Ky., 5 miles, opened September, 1880.
2,464,598
The author¬
152 39,752,302 109,323,290^
ized issue of bonds is $3,500,000, which will be negotiated only as por¬
p
p.
tions of the road are completed.
The authorized capital stoek of the —(V. 28, p. 17, 526; V. 29, p. 41, 67, 537; V. 30, p. 42; Y.
V. 32 p. 4 3.)
company is $5,000,000. (Y. 29, p. 66; V. 31, p. 405.)
Ind., 94 miles.
This was formerly the
30,1880.
.
....
,
31,
204;
EAII.ROAD
XXX
STOCKS
AND
BONDS.
[Vol. xxxii.
Sulvorlbori will conffer a great favor by giving immediate notice of any error discovered In tbee# Tables.
DESORIPTION.
on
ttrpft peg©
Miles
of table©.
Flint dk Pere Marquette—Preferred stock (7 per ct ).
79 81
Reorganizathm bonds (redeemable at will)
Holly Wayne A Monroe, 1st mort., sinking fund.
r
65
59
Central of L. 1., Extension 1st mortgage
Fonda Johnstmcn dk Gloversville—\*t mortgage
Fort Madison d- Noi'lhweslei'n— 1st mort., gold
fort Wayne <f Jackson—Prat, stock, 8 per cent
Common stock
Fort Wayne Muncie dk Cincinnati—1st mort., gold...
2d mortgage
\
1880
1868
1868
1867
190
17
13
Florida Central—1st mortgage, gold, coupon..
Equipment mortgage
Framingham dk Ijowell—1st mortgage bonds
Frankfort dk Kokomo— 1st mortgage, gold
lYederick dk Pennsylvania Line—1st mortgage
Fremont Elkhorn <£ Mo. Valley—1st mortgage
1st mortgage
Income bonds
Galveston Uamnsb.dk S.Antonio—1st mort, gold, 1. gr.
2d mortgage
Galveston Houston & Head, of 1871—1st mort
Geneva Ithaca dk Sayre— 1st mort., «. f., gold
Georgia Railroad <£• Banking Co—Stock
Bonds, not mortgage
BJze,
was
.
1
"i 6
200
100
100
109
109
109
26
26
28
51
39
51 =
256
226
50
35
307
1871
1877
1869
1870
1873
1870
1880
...
.
.i
..
1869
1871
1871
1871
1879
1871
1879
1876
1871
1880
1872
1870
,
Cent.
6
8
10
10
10
8
7 g.
7
7
7
7
7 g.
4
(?)
1,000
1,722,000
500 Ac.
500 Ac,
500
300,500
100,000
75,000
1,000,000
1,000
1,000
309,000
500 Ac.
800,000
1,000
400,000
500 Ac,
100 Ac.
500 Ac,
200,000
300,000
700,000
2,000,000
700,000
1,800,000
500,000
345,000
500,000
200,000
....
....
1,000
1,000
1,000
1,000
1,000
250,000
....
.
Rate per
Where Payable, and by
Whom.
Payable
500 Ac.
500 Ac,
317,082
4,800,000
1,000,000
...
1,000
1,000
1,000
100 Ac.
100
500
bonds, and common stock
($3,500,000) issued for the old stock of $3,298,300; the common stock
will he entitled t'» vote only after the preferred stockholders have
received 7 per cent yearly dividends for live consecutive years.
During
1879 the land department disposed of 38,642 acres of land at an
average per acre of $19 23, the total amount received ou sales account
being $743,803 70. On October 1, 1880, the land notes ou hand were
$1 ,047,170 and lands unsold 164,796 acres. Earnings for live years
past were as follows:
Years.
Miles.
Gross Earnings. Net Earnings.
283
$1,023,921
$306,288
283
977,209
322,437
283
972,684
371,854
280
1,056,017
388,786
280
1,151,201
405,289
—(V. 28, p. 69, 146, 223, 525. 599; V. 29, p. 17, 225, 621; Y. 30, p. 91,
117, 518, 648 ; Y. 31, p. 115, 204, 228, 303, 381, 558.)
690,000
312,000
1,493,000
600,000
4,200,000
425,000
'
When
Botids—PrintT-
$6,500,000
made and preferred stock ($6,500,000)
will be issued for tno consolidated mortgage
Amount
Outstanding
Flint dk Pere Marquette.—Deo. 31, 1879, owned from Monroe, Midi., to
Luddington, Mich., 233 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 15 miles; Junction to South Sagi¬
naw and Harrison, 13 miles; leased, Saginaw A Mt. Pleasant RR., 14
miles; total operated, 307 miles. The company was consolidated June
4tli, 1872, with the Ray City & East Saginaw, the Holly Wayne & Mon¬
roe, and the Cass A Flint River railroads.
Road was opened Decem¬
ber, 1874. The company made default oil ihe consolidated bonds, Novem¬
ber, 1875, and part of them were funded. A Receiver was appointed in
June, 1879; the road was sold Aug. 18, 1880, under the consolidated
mortgage, and reorganization
INTEREST OR DIVIDEND*.
or
Par
Value.
$---.
283
1st mort., land grant, 3d series
Flint A Holly RR. (sink’g fund $25,000 per year).
Bay City, E. Saginaw, 1st mort., guar by lessees.
Bay County, issued in .aid, guar, by lessees
Flushing North Shoredk Cent.—let mort. (FI. A N. S.)
2d mortgage (FI. & N. 8.)
Date
of
of
Road. Bonds
Stocks—Last
Dividend.
1910
M.
M.
J.
M.
J.
J.
M.
M.
M.
A
A
A
A
A
A
A
A
A
J. A
A. A
8.
N.
J.
8.
J.
J.
N.
N.
N.
J.
O.
N. Y., Meehan. Nat. B’k.
do
do
Newark, N. J.t Sav. Ins.
New York.
N.Y.. Merck. Nat. Bank.
N.Y., Farm. L. A Tr. Co.
N.Y., Chatham Nat. Bk.
do
do
do
do
N. Y., 8t. Nich. Nat, B’k.
N. Y., Union Trust Co.
S<q>t.
May
July
Sept.
1,
1.
1,
1,
Jan. 1,
1888
1888
1882
1887
1901
Jan. 1, 1907
May 1, 1889
May 1, 1903
July 1, 1900
April 1, 1905
1, 1881
Jan.
....
,
7 g.
8
-
8
7
7
6
7
7
7
6 g7
7 g.
7 g.
3 Ja
7
A. A 0.
A. A O.
J.
A.
J.
A.
A.
A.
A.
F.
J.
J.
J.
J.
J.
Boston, Office.
do
do
A J.
A O. Boston National Bank.
A J. N.Y., Farmers’L.A T.Co.
A O. Pennsylvania RR. Co.
A O. N. Y., Nat. Park Bank.
do
A O.
do
do
A O.
do
A A. N.Y.,D.,M.ACo.,ALond.
A D.
Boston and London.
A J. N. Y., F. P. James A Co.
A J. N. Y., Metrop. Nat. B’k.
A D. Augusta,Ga., RR. Bank.
do
do
A J.
Oct., 1889
April, 1896
July, 1881
April 1, 1891
Jau. 1, 1908
1900
1901
1899
1886
Feb. 1, 1910
June 1, 1905
July 1, 1902
July 1, 1890
Jan., 1881
Yearly to 1890
Frankfort & Kokomo.—Jim. 1,1879, owned from Frankfort, Ind., to
Road opened August 10, 1874. Capital stock,
$600,000. In May, 1879, this company’s bonds, amounting to $200,000,
and stock, amounting to $600,000, were placed ou the New York Board
list. The road connects the Chicago division of the Pan Handle road
and the Indianapolis ”_tu & Chicago road with the Lafayotto Muncie &
Bloomington IiR. and the Logausport Crawfordsville & Southwestern
RR.
For four years and five months to Dec. 31, 1878, the gross earn¬
ings were $171,234 and net earnings $91,595. In 1879 gross earnings
were $40,896, and net earnings, $22,630.
Coe Adams, President, N. Y.
City. (V. 31, p. 229.)
Kokomo, Ind., 26 miles.
Frederick dk
to Frederick
Pennsylvania Line.—Dec. 31,1880, owned from Kingsdale
City, Md.. 28 miles. It is leased to Pennsylvania RR.,
which pays interest on first mortgage. Stock,*$312,528. John Louts,
President, Frederick City, Md.
Fi'emont Elkliorn
110 miles.
dk Missouri Valley.—Fremont to Oakdale, Neb.,
Leased to Sioux City & Pacific Railroad. The rental is 331*
of gross earuings. Stock, $846,000.
Scranton, Pa.
per cent
James Blair, President,
Galveston Harrisburg dk San Antonio.—Dec. 31, 1880, owned from
Harrisburg, Tex., to San Antonio,Tex., 215 miles; Houston to Harris¬
burg, 11 miles; Lagrange Extension, 30 miles. Total operated, 256
miles. Extensions to the Rio Grande and to El Paso are projected.
This was a successor to the Buffalo Bayou Brazos A Col. Railway.
The road was opened to San Antonio March 1, 1877. The gross earn¬
ings in 1879 were $1,390,679; net earnings. $8IS,766. The capital
stock is $6,450,000, of which $4,638,794 is paid in and $1,811,205 is
represented by lands and bonds. The hills payable Deo. 31, 1879, were
Florida Central.—Juno 30, 1878, owned from Jacksonville, Fla., to $288,593, and the debt due the School Fund of Texas was $365,842.
Lake City, Fla., 50 miles. In March, 1868, the old road was sold by the
Cost of road aud appurtenances, $9,695,982; rolling stock, $813,942;
trustees (the Florida Atlantic A Gulf) and this company organized July, real estate, Ac., $1,744,092. The first mortgage covers the property
1868.
The gross earnings iu 1877-8 were $163,892; net earnings, and about 1,800,000 acres of land.
The proceeds of laud sales are used
to retire the bonds, aud a sinking fund of 1 per cent begins in 1880,
but it is optional with bondholders to surrender their bonds, if drawn.
The land grant is sixteen sections (10,240 acres) per mile. T. W. Peirce,
hange
company,
L’Englc, President, Jacksonville, Fla. (V. 28, p. 599; V. 32, p. 100.)
President, Boston, Mass. (V. 30, p. 144; V. 31, p. 305, 453.)
Galveston Houston dk Henderson of 1871.—Dec. 31,1879, owned from
Flushing North Shore dk Central.—Sept. 30, 1879, owned from Hunter’s Galveston, Tex., to Houston, Tex., 50 miles. The road was opened in
Point to Central Junction, N. Y., 16 miles; branches—Woodside to
1853-4 aud sold in foreclosure Dec. 1, 1871, and reorganized. Mortgage
Flushing, 4 miles; Whitestone Junction to Whitestonc, 4 miles; Great debt at date of sale was $5,750,000. Some of the coupons remained un¬
Neck Junction to Great Neck, 7 miles; Bethpage Junction to Babylon, 8
paid in the hands of parties interested in the road, and iu 1879 a fore¬
miles; total operated, 39 miles. Tliis was a consolidation August 1, closure suit was
begun by N. A. Cowdrey, one of .the trustees of the
1874, of the Flushing A North Side RR., the Central of L. I., the North
In February, 1880, Mr. Israel Corse, of New York, was
Shoro and other minor roads. In May, 1876, they were leased to the mortgage.
elected President, and in July the company defaulted on its interest,
Long Island RR., wliich failed to pay the rental, but the operations are
included in that company’s returns. -The Flushing & N. S. mortgages although publishing for five years past thoir annual net earnings nearhave been foreclosed. See references to V. 31 below. The paid-up stock ljr double the amoimt of interest cnarge, Afterwards a stipulation was
entered into for placing the road in trustee’s hands.
(See V. 31, p. 305.)
was $814,925. There were iu addition to the above $149,000 North
The stock is $1,000,000, of which about ono-third is owned by the Inter¬
Bhore 7s, and $93,000 Whitestone & Westchester 7s.
Central of Long national A Great Northern RR.
Operations and earnings for five years
Island first mortgage foreclosed and road sold August, 1879. (V. 27,
past were as follows:
p. 677; V. 29, p. 17, 196, 407; V. 31, p. 328, 559, 652.)
Gross
Net
Freight (ton)
Passenger
Fonda Johnstmcn dk Glovcrsville.—Sept. 30,1879, owned from Fonda, Years.
Earnings.
Expenses.
gamings.
Mileage.
Mileage.
$554,673
$384,183
$170,490
N. Y., to Glovcrsville, N. Y., 10 miles; leased, Gloversville A Northville 1875.. 2,618,496
9,776,631
582,413
402,198
180,214
RR., Gloversville to Northville, 16 miles; total operated, 26 miles. Road 1876.. 2,714,660
1877.. 2,833,187
7,657,001
452,975
304,103
148,872
opened Dec. 1, 1870. The stock is $300,000. Net earnings, exclusive
ci interest, in 1878-9, $39,143; in 1879-80, $53,425. W. J. Heacock, 1878.. 2,213,944
8,430,962
495,44Q
290,386
205,055
1879.. 2,416,653
9,928,275
536,847
307,286
229,560
President, Gloversville, N. Y.
Fort Madison dk Northwestern.—Dec. 31, 1879, owned from Fort Mad¬ -(V. 28, p. 146, 172; V. 30, p. 43,192; V, 31, p. 45, 259,281, 292,305.)
Geneva Ithaca dk Sayre.—Sept. 30,1879, owned from Geneva, N. Y., te
ison, la., to West Point, la., 11 miles. Projected line, Fort Madison to
Oscaloosa, la., 100 miles. Under construction, and bonds issued in Sayre, Pa., 76 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
total operated, 114 miles. Organized Oct. 2,1876, as successor of tbs
New York, 1880, by Jamoa M. Drake A Co. (V. 31, p. 154.)
Geneva Ithaca & Athens RR., wliich had been formed by consolidation
Fort Wayne, dk Jackson.—Dee. 31,1879, owned from Jackson, Mich., to of the Geneva & Ithaca and Ithaca Sc Athens railroads, May 25,1874.
Fort Wayne, Ind, 100 miles. This road is successor to the Fort Wayne In 1880 absorbed the Cayuga &
South. RR., 37 miles. The G. I. & A.
Jackson & Saginaw, which made default on its bonds and was sola in
having defaulted on its interest was placed in the. hands of a Receiver.
foreclosure Deo. 3, 1879. The 8 per cent preferred stock was issued in March 4, 1875, and the road was sold iu foreclosure Sept. 2,1876, ana
place of the old first mortgage bonds and interest, and the common stock this company organized in the interest of the Lehigh Yalley RR. The
in place of the old second
mortgage bonds. (V. 28, p. 199, 300; V. 29, p. stock Is $850,000 com., and also pref. stock of $850,000 is authorized.
301, 631; V. 30, p. 43.)
Gross earnings in 1878-9 were $302,572; expenses, $475,423; deficit,
Fort Wayne Muncie dk Cincinnati.—Dec. 31, 1877, owned from Fort $172,850. j Gross m 1879-80, $318,464; expenses, $427,999; deficit,
Wayne, Ind., to Connorsville, Ind., 104 miles. Opened in 1870. The $109,535. R. A. Packer is President, Sayre, Pa.
Railroad dk Banking Compai
company defaulted and a receiver w:vs appointed Nov., 1874. The bond¬
: branches to Washimrton ai_
holders are preparing to foreclose and reorganize. Elijah Smith, Presi¬
operated,
dent, JBoston, Mass. (V. 30, p. 192 ; V. 32, p. 121.)
ern Railroad of
Alabama, purchased in May. 1875, at foreclosure,
Framingham
Lowell.—Sept. 30, 1879, owned from South Framing¬ is owned jointly with the Central Railroad of Georgia. The Macon
ham, Mass., to Lowell, Mass., 26 miles. Road opened Oct. 1, 1871, and A Augusta Railroad, 76 miles, is owned by this company, and its
was, leased from April 1, 1871, to Boston Clinton Fitchburg & New earnings are now (1880) included in its operations. The Port Royal &
Bedford RR. Co., and since Feb. 1, 1879, operated
by Old Colony RR. Augusta Railroad is owned one-fifth by this company.
In February,
Co. On Feb. 14, 1880, a lease of the road to B. C. F. & N. B. Co. for
1880, a contract was made including this road and the Central of Georgia
and 4 months, from Oct. 1, 1879, was ratified. The stock is t<» be worked in close connection with the Louisville A Nashville system.
$°.12,096, »nd there arc $250,000 8 per cent notes. Negotiations were The annual report for the fiscal year ending March 31, 1880, was pub¬
made for reducing interest on 1st mortgage to 5 per cent and for lished in the Chronicle, V. 30, p. 542.
canceling the 8 per cent notes and issuing preferred stock for them.
The following table exhibits the operations, receipts and net earning*
-(V. 30, p. 192, 408, 493; V. 31, p. 94.)
of the road for 1878-9 and 1879-80:
*
H
_
.
.
T^Fbbruabt,
Subscriber* will confer a great
XXXI
favor by giving Immediate notice of any error discovered in
these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
AND
STOCKS
KAILKOAD
18811
Miles
explanation of column headings,
on first page of tables.
<fec., see not
Date
of
of
Size,
or
Par
Road. Bonds
Amount
Outstanding
Value.
Where
Rate per
When
Cent.
Payable
pal,^When Due.
Payable, and by
wnom.
Stocks—Last
Dividend.
•
Georgia Railroad A
Banking Co—(Continued)—
195781875-9760 81
do
do
Indiana—Stock
Grand Rapids A
1st rnort., land grant, gold (guar, by Pa. RR)...
1st rnort,, gold, ($2,003,000 are land grant)
Income mortgage bonds, for $10,000,000
Grand Rapids Newaygo A Lake Sh.—1st rnort. coup.
2d rnort. on 35 miles and 1st on 11 miles, coup
Green Bay A Minnesota—1st mo it gage, gold
Gulf Colorado A Santa Ft— Bonds (($12,000 p. mile)
Hannibal A SI. Joseph— Common stock
Preferred stock (f p. c. yearly, not cumulative)...
Missouri State loan
Bonds 1870, convertible
Bonds, secured by $2,500,000 Pd notes
Consolidated rnort. (for $8,000,000)
(Quincy <fc Palmyra RR)
(Kansas City & Cam. RR.)
Harrisb. Portsm’th Mt. Joy A Lane—Stock
1st mortgage
1st mortgage
1st mortgage
*
Harrisburg A Potomac—1st mortgage
Preferred stock.
1st mortgage
2d mort. bonds
Houst. Last A
«.
West Texas.—1st mortgage, gold
.
. ...
100
332
332
332
332
35
46
214
1869
1869
1875
1871
1875
1870
Net
earnings
Total receipts, includ’g interest &
4,124
1,000
63
1867
1853
1871
Earnings lor live years post were as follows:
Years.
'
Gross Earnings.
.
.
,
$1,194,324
1,143,128
1,013,712
50
500 &c.
1,600
100
100
.
1869
1873
1878
1,660
MARCH 31.
1880.
$1,169,524
766,448
$403,075
$607,919
'
17,645
122,264
$607,919
Div.
Net Earnings.
$552,646
p.c.
500,018
8
7
;
3%
338,393
1,169,524
—(V. 28, p. 501
286,012
997,719
403,075
6
6
V. 30, p. 434, 542; Y. 31, p. 429, 535; V. 32, p. 69.)
Rapids A Indiana—Dec. 31, 1879, owned from Fort Wayne,
Ind., to Petoskey, Mich., 332 miles; leased and operated: Cin. Richmond
&Fort Wayne RR.. 91 miles; Allegan & S. E. RR., 11 miles; Traverse
City Railroad. 26 miles; total, 463 miles. This road was opened in May,
1874. For the terms of the lease of Cin. Rich. & Foil; Wayne Railroadsec that company in this Supplement.
The Grand Rap. <fc Ind. RR. is
operated in the interest of the Pennsylvania RR. Co., and $4,000,000 of
tne first mortgage bonds are guaranteed by that company, which buys
Grand
the coupons
each year that remain unpaid by the earnings, and on Jan.
1, 1880, held $1,862,170 unpaid coupons. First mortgage bonds
redeemed by the sinking fund are replaced by income bonds issued.
The company had land grants amounting to 852,960 acres, and sold
in 1879 30,922 acres, for $359,007. From Jan. 1 to Sept. 1, 1880, net
earnings were $292,831, against $210,631 in same time 1879. Opera¬
tions and earnings for five years past were as follows;
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
1875..
332
13,907,593
35,764,557 $1,143,741 $267,108
332
33,713,086
1,137,530
14,448,942
316,507
332
13,863,997
35,633,459
1,097,107
348,745
332
42,437,701
1,200,629
242,458
15,184,660
332
17,823,880
51,267,197
432,645
1,345,134
-(V. 29, p. 146, 299; V. 30, p. 91, 463, 649; V. 31, p. 483, 559; V. 32,
p. 155.)
Grand Rapids Newaygo A Lake Shore—Dec. 31, 1878, owned from
Grand Rapids to White Cloud, Mich., 46 miles. Extension
projected to
Flint & Pere Marquette Railroad. A traffic guarantee with Lake Shore
& M. S. provides that 40 per cent of earnings from this road shall be
UBed to buy up its bonds.
Gross earnings in 1880, $168,888; net,
$94,101. Stock is $550,000, of which Chicago <fc West Michigan bought
$545,000 in February, 1881, and operates the road. David P. Clay,
President, Grand Rapids, Mich.
Qi'cen Bay A Minnesota.—Sept. 30,1879,
to Marshland, Wis., 209 miles; branches,
owned from Green Bay, Wis.,
10 miles; leased, Winona to
Analaska, 28 miles; total operated. 247 miles. Road opened Decem¬
ber, 1873. There are 2d mort. bonds, $2,100,000, 8 per cents, due Nov.
1,1893. The company made default and was placed in the hands of a
receiver, and the road was to be sold April 3, 1880, but sale was post¬
poned finally till March 12,1881. See rail statement of debt and plan
of reorganisation in Chronicle, V. 31, p.
453. For the year ending
Sept. 30, 1879, total income was $348,690; net income, $145,933;
rentals, $20,266; balance, $124,444; capital stock, $7,995,900. E. F.
Hatfield, Jr., is President, N.Y. City. (Y. 28, p. 401; V. 29, p. 631; V. 30,
P. 518; V. 31, p. 358, 453, 559 ; V. 32, p. 69, 100.)
Gulf Colorado A Santa Fe — Owned from Galveston to Brenham.
Texas, 124 miles. Road opened late in 1878 (63 miles), and sold and
reorganized April 15, 1879. An extension completed to Little River,
Tex., 197 miles from Galveston, Sept., 1880, and it was contracted for
to Fort Worth.
Stock,- $1,250,000. George Sealy, President, Galveston,
Texas. (V. 30, p. 408; V. 31, p. 347.)
Hannibal A St. Joseph.—December 31, 1879, owned from Hannibal
Mo., to st. Joseph, Mo., 206 miles; branches—Cameron to Kansas City,
03 miles;
St. Joseph to Atchison, Kans., 19 miles; Palmyra-to
tjuiney, Ill., 14 miles; total operated, 292 miles. The main line was
opened
February, 1859. The company had a Congressional land
an^ rep°ived $3,000,000 in bonds from the State of Missouri, on
which the company pave interest. On Jan. 1, 1879, the company had
about 90,000 acres of land unsold and
1875-690.;
$2,500,000 of land notes, which
F.
J.
M.
J.
6
8
7
6
8
10
(?)
433,000
1,200,000
1,182,550
700,000
507,200
1,000,000
820,000
1,180,000
100,000
300,000
150,000
180,000
&
&
&
&
Jan.
do
do
J. N. Y., Third Nat. Bank.
O. N. Y., Winslow, L. & Co.
do
do
S.
N. Y. Union Trust Co.
J.
do
do
D.
Now York,
A.
••
1899
1899
1906
July 1, 1891
June 1,1905
Aug. 1, 1900
»t
A. N. Y., Company’s Office
J. N. Y., B’k. No. America.
do
do
8.
J. N. Y., Farm. L. & T. Co.
Feb. 1, 1881
1884-1887
Mar., 1885
Jan. 1, 1888
1911
«...
F.
J.
J.
J.
3%
6
7
7
& A. N.
& J.
& J.
& J.
Y., B’k. No. America.
do
do
Phila., Oo.’s Office.
do
do
•
J.
2
7
6
7
7 g.
1, 1890
Y., Am. Exch. N. Bk.
& J. N.
Q.-J.
F. & A.
Jan., 1892
Jan. 10, 1881
July 1, 1883
1, 1904
1, 1901
Jail.
Jan.
Jan. 15, 1881
Bridgeport & Boston.
1885
Bridgeport and Boston.
do
do
....
M. & N.
Jan., 1892
N.
1889
1883
1898
Y., Kountze Bros.
pledged as security for the bonds issued in 1878, and as $25,000
is accumulated these bonds are drawn and paid. Prices of stock and
monthly earnings have been as follows:
were
33%
-
76 75 73 %72 %-*
75 -
22%
35 %- 24%
July 36 %- 31%
Aug. 42%- 34
Sept 44 %- 36%
Oct. 4314- 37%
No v. 45 - 39
Dec. 50 %- 4034
J’ne
The brief report
Monthly Earning
188
1880.
ip.
$
-100%
176,079
-
72%- 64
110
69%
57%- 4434
Feb. 42 %- 38%
Mar. 40%- 35%
Apr. 37%- 31
-
>
Preferred.
1880.
1881.
-Common.1880.
1881.
Jan.142
:
Prices of Stock.
/
$252,000
93,530 May 34
39,220
83,260
&
A. &
M. &
J. &
J. &
F. &.
3%
442,000
1881
J.
Augusta, Ga., RR. Bank. July 1, 1897
•
5,083,024
3,000,000
4,000,000
15
53
54
54
& J.
& J.
1,500,000
9,168,700
1,000
$506,522
Total
100
3,200,000
1853-7
1870
Payments—
Balance, surplus
200,000
J.
J.
7 g.
7 g.
7
8
7
7 g.
576,000
500 &C.
1878
206
292
$338,392
dividends $506,522
I
Paid dividends
$252,000
Paid interest on bonds this company
82,235
Paid interest on bonds M. & A. RR
51,777
93,080
Paid interest on bonds W. RR. of Alabama.
Paid taxes, legal and incidentals
23,305
1,000
6
6
$1,000,000
156,000
5,000,000
4,000,000
3,013,000
987,000
1,000
Too
1879.
$997,718
659,325
1,000
.
STATEMENT OF EARNINGS AND EXPENSES FOR T1IE TEAR ENDING
Total earnings
Total expenditures
1,000
292
44
120
120
74
Hartfoi'd A Conneeiicut Talley— 1st mortgage
Hausatonxc—Stock
of 1869. .•
Equipment bonds of 1873
$1,000
1,000
1877
1880
Bonds, not mortgage
153,067.
166,965
69%
-
216,061
65
-
206.735
63%
-
67
-
191,317
179,396
-
224,312
x73%- 68%
86%- 71%
238,081
233,448
-
86%- 79
242,214
90%- 80%
-
94%- 86%
-
207,147
-
257,241
105
91
-
for 1880 showed the following income account, com-
pared with last year:
1880.
1879.
$1,997,406
$2,574,349
37,191
63,505
.Total
$2,034,597
Operating expenses, construction and equip’t 1,223,422
$2,637,854
$811,175
$1,170,518
654,640
Gross earnings
Proceeds from free lands, &c
*
Net result
Fixed charges
v.....
657,320
$153,855
Balance
Dividend, 3
1,467,336
p. c.
$515,878
330,395
Aug.,’80, and 3%p. c. Feb.,’81
$153,855
Surplus
$185,483
Earnings and operations for five yei
years have been as follows:
Freight (ton)
Passenger
Gross ,
Net
Mileage.
Mileage.
Earnings. Earning
13,674,185
52,866,475 $1,748,284 $386,':
15,191,834
*76,931,978
1,864,065
470,254
292
15,639,718
80,764,682
1,931,365
795,479
187$
292
19,108,676
780,355
100,012,716
2,045,450
1879
292
21,545,368
111.987,174
1,997.405
773,983
—(V. 28, p. 199, 220, 641; V. 29, p. 95, 383, 489; V. 30, p. 296, 650;
V. 31, p. 20, 94,179, 204, 228, 259, 483, 535; V. 32, p. 15,100, 145.)
Miles.
292
292
Years.
Harrisburg Portsmouth Mount Joy A Lancaster. — Deo. 31, 1879,
from Dillerville, I’a., to Harrisburg. Pa., 36 miles; branch,
Middletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Go. for 999
owned
years
from Jan. 1, 1861, the rental being 7 per cent on the stock and
operated as a part of the main line of the
interest on the bonds. It is
Pennsylvania Railroad.
Hai'risburg A Potomac.—Dec. 31,1879. owned from
Bowmansdale to
operated, 27
Littlestown.
Daniel V. Ahl,
Jacksonville, Pa., 25 miles; branch to mines, 2 miles; total
Extensions are projected to Waynesboro and to
miles.
opened through in 1878. Stock is $869,175.
(Y. 31, p. 652.)
Hartford A Connecticut Talley— Hartford, Ct., to Fenwick, Ct., 46
miles. Opened in 1871 and 1872. In hands of trustees of first mortgage
for sometime, and reorganization‘made in Feb., 1880, as the Hartford &
Conn. Valley, with stock of $500,000 to $1,200,000 and bonds of $1,000,000. (Y. 28, p. 41. V. 30, p. 116, 144; Y. 31, p. 652.)
Housatonic.—Sept. 30, 1879, owned from Bridgeport. Conn., to State
Line, Mass., 74 miles; leased—Berkshire Railroad, Connecticut State line
to West Stockbridge, Mass., 22 miles; West Stockbridge RR.—West
Stockbridge to New York State Line, 3 miles; Stockbridge «fc Pittsfield RR.,
Vandeusenville to Pittsfield, Mass., 22 miles; N. Y. Hons. & N. RR^
Brookfield Junction to Danbury, Conn., 6 miles; total, 127 miles. The
Rood
President, Newville, Pa.
-
-
*
“
—
*
'
—
~
the road
r
irom me
dc
be seen from the following statebusiness,
operations and earnings for five years past:
Net Div.
road does a steady business, as may
meut of its
Years.
Passenger
Miles.
126
126
126
126
126
Mileage.
6,057,566
5,869,968
6,16^,592
6,340,830.
Freight (ton)
Mileage.
14,557,208
11,658,923
11,528,000
12,741,554
Gross
ngs. Prer
Earnings. Earnin
$655,236
588,166
569,198
598,335
$238,413
8
223,989
208,253
248,420
246,558
740,997
-(V. 30, p. 273, 4 64, 509.)
Houston East A West Texas.—T>ec. 31,1879, owned from Houston, Tex.,
to Goodrich, Tex., 63 miles.
(Narrow guage, 3 feet.) It is intended to
..
build to Marshall. The company has a Texas land grant or 10,240
acres for each mile constructed and equipped.
Bonds are issued ts
the extent of $7,000 per mile. Paul Breniona, President, Houston, Tex,
—(Y. 30, p. 467, 544.)
STOCKS AND
KAILROAD
XXX11
Subscribers will confer a great favor by giving
DESCRIPTION.
For
Miles
Date
of
of
Road. Bonds
explanation of column headings, &c., see notes
on first page of tables.
BONDS.
[VOL. XXXII.
Immediate notice of any error discovered In these Tables*
Bonds—Princi -
INTEREST OR DIVIDENDS.
Size,
or
Amount
Par
Value.
Outstanding
Rate per
Cent.
When
Where
pal,When Due
Payable, and by
Whom.
Payable
Stocks—Last
Dividend.
i
'
Houston rf Texas Cent.—1st M.f (main) gold, l.gr.,s.f.
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold.Waco & N’ west (Bremond to Ross)
Consol, mort., land grant, Main and Western Div.
do
do
Waco & Northwest
Income and indemnity bds, 3d M. on road & lauds.
i
345
119
58
464
58
1866
1870
1873
1872
1875
1877
1854
1857
1865
$6,262,000
2,270,000
969,000
3,642,000
580,000
2,500,000
416,000
367,500
1,403,000
29,000,000
2,500,000
$1,000
1,000
1,000
1,000
1,000
1,000
7095678811 781187-90
•
-
•
•
58
Huntingdon <£• Broad Top—1st mort., gold
58
2d mortgage, gold
58
3d mortgage .consolidated
1,320
Illinois Central—Stock
'
706
Redemption, 1st and 2d series
706
Mortgage bonds, sterling
706
Sterling bonds, (sinking fund £20,000 yearly)....
706
Mortgage, sterling
111
Bonds, coup. ($2,000,000) M. on Ch. <fc Sp. RR
101
Bonds, reg. ($200,000), mort. on Middle Div
147
Illinois Midland— 1st mortgage, gold
202
Indiana Bloomington <£ West— 1st mort.,pref
202
1st mortgage, coup., may be reg
202
Income bonds, reg., convertible
202
2d mortgage
152
Indianapolis Decatur <t Springfield—1st mortgage .
152
2d mort., (income till July, 1881), convertible
72
Indianapolis <t SI Louis—1st mort., in 3 series
72
2d mortgage
1864
1875
1874
1875
1877
1878
1875
1879
1879
1879
1879
1876
1876
1869
1870
1871
1867
1870
72
117
117
Equipment bonds
Indianapolis & Vincennes— 1st mortgage, guar
2d mortgage, guaranteed
m
m
500
500
1,000
100
500 &c.
£200
£200
£200
....
&C.
<fcc.
&c.
&c.
1,000
1,000
1,000
1,(T00
500 <&e.
7 g.
7
3 to 6
6
4,175,000
600,000
3,500,000
1,500,000
1,500,000
1,700,000
2,669,000
2,000,000
906,000
500,000
!,(£0
1,000
6
200,000
1,000
1,700,000
1,450,000
g.
g.
6
6 gi
5 g.
5 g.
6
'
1,600,000
3 to 6
7
7
7
7
?
8
7
6
J.
J.
J.
O.
N.
N.
O.
A.
O.
M.
S.
A.
O.
A.
O.
A.
O.
J.
D.
J.
J.
F.
A.
J.
J.
J.
J.
A.
O.
J.
J.
J. & J.
A. & O.
J. & J.
Various
A. & O.
J. & J.
F. & A.
M. & N.
J.
J.
J.
A.
M.
M.
A.
F.
A.
g.
g.
g.
3^
2,500,000
4,200,000
1,000,000
1,000
100
500
100
500
-
7
7
7
8
8
7
7
7
7
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
N.
Y., J. J. Cisco & Son.
do
do
do
do
do
;
do
do
,
Philadelphia, Office.
do
do
do
do
N. Y.,
do
do
London.
London,Morton R.& Co.
N.
1.
Oct.
Feb.
1.
1890
1895
April 1, 1895
Treas.’ Office.
do
do
July 1. 1891
July 1, 1891
July 1. 1903
Oct. 1, 1912
May 1. 1915
May, 1887
do
do
do
Y., Treas.’ Office.
Mar. 1. 1881
April 1. 1890
April 1. 1805
April 1. 1903
1, 1905
1. 1898
Dec.
Jan.
do
do
N.Y., Corbin Bank’g Co.
do
do
do
do
do
do
Jan. 1, 1905
Jan. 1, 1900
April 1, 1909
April 1, 1919
April 1, 1909
New York, Co.’s Office. Jan. 1, 1906
do
do
July 1, 1906
N. Y., Union Trust Co.
July 1, 1919
do
do
Oct, 1, 1900
.
July 1, 1881
do
do
N. Y., Farm.
do
L. & T. Co.
do
1908
1900
c
l
Houston dc Texas Central.— April 30, 1879, owned from Houston. Tex.,
to Denison, Tex., 341 miles; branches—Hempstead, Tex., to Austin,
Tex., 115 miles; Bremond, Tex., to Ross, Tex., 54 miles;
Texas Central Railroad, Ross to Morgan, 43 miles; total
miles. Opened March 11, 1873. The Austin Branch, or
was
opened in 1871.
operated—
operated, 553
Western Div.,
The company has a land giant from the State of
Texas of 10,240 acres per mile, amounting to about 5,240,000 acres;
but the lands, as in the case of other Texas rojwls, are not on the line
of the road, and much of the land will be made available, it is reported,
Illinois Midland—June 30,1879, operated from Terre Haute, Ind.,to
Peoria, Ill., 176 miles, of which 148 miles are owned and 28 miles leased.
This was a consolidation Nov. 4,1874, of the Peoria Atlanta & Decatur,
Paris <fc Decatur and Paris & Terre Haute. Receiver appointed Sept,
11,1875. Earnings in 1878-9 $249,299; expenses, $292,443; deficit,
$43,144. Louis Genis, President and Receiver, Terre Haute, Ind.
Indiana Bloomington & Western.—Dec. 31,1379, owned from Indian¬
apolis, Ind., to Pekin, Ill., 202miles; track used on rental, Pekin to
Peoria, 10 miles; total operated, 212 miles. This was formerly the Ind.
Bloom. & West., opened Oct. 1, 1869. The company defaulted Oct. 1,
1874, and a Receiver was appointed Dec. 1, 1874. The road was sold in
foreclosure Oct. 30,1878, and the present company organized. The
by the construction of the Texas & Pacific line. The capital stock is
$7,722,900. In 1877 the company was embarrassed and application
was made for a Receiver; but tne difficulties were adiusted by the issue
of income and indemnity bonds, and Mr. Morgan, or the Louisiana SS.
new securities were
the New York Stock Exchange list No¬
Line, bought a controlling interest in the stock.
The last report of vember, 1879, on the plaeed on statement: 1. Preferred first mortgage
following
earnings—to April 30, 1880—gave the following:
7 per cent bonds, due in 1908, to the amount of $1,000,000. 2. First
Gros8 Earn’gs.
Oper’g Expenses.
Net Earn’gs. mortgage bonds, due in 1909, to the amount of $3,500,000. Interest is
1880
$3,409,743
$1,863,148
$1,556,595 payable at the following rates: 3 per cent per annum for the first three
1879
3,301,631
1.720,559
1,311,072 years, 4 per cent for the succeeding two years, 5 per cent for the suc¬
No other annual statement has been published, and the following is ceeding three years, and then 6 per cent until maturity. The mortgage,
from the report for 1878-9:
by its terms, cannot be foreclosed for non-payment of interest until
GENERAL BALANCE, APRIL 30, 1879
January 1, 1884. 3. Second mortgage bonds to the amount of $1,500,Construction
$7,722,900 000. These bonds are payable in 1919, and bear 3 per cent per annum
$21,870,020 Capital stock
14,586,500 interest for the first three years, 4 per cent for the succeeding two years,
1,831,342 Funded debt
Equipment
Real estate..
974,153 Sch’ol fd.l’n (St.of Tex.)
315,494 5 per cent for the succeeding three years, and 6 per cent thereafter
Lands grint’d by Texas
5,240,000 Bills payable
2,106,557 until maturity. 4. $1,500,000 income bonds, payable 1919, with such
503,780 Accounts payable
Bundry securities
157,929 interest from July 1,1879, not exceeding 6 per cent per annum, as the
Materials and supplies
146,988 Pajr-rolls and vouchers
178,794 net earnings may suffice to pay after satisfying the interest and sinking
Interest accrued
330,319 fund upon the preferred and first and second mortgage bonds. These
Bills receivable and
353,302 Surplus
cash
5,521,091 bonds are convertible into stock. 5. $2,500,000 capital stock. 6.
Total
Total
$30,919,587 $830,000 stock scrip, which is entitled to a dividend of 7 per cent per
$30,919,587
annum, after the payment of interest and a dividend of 8 per cent on
—(V. 29, p. 41, 118, 119 ; V. 30, p. 273, 675; V. 31, p. 328, 349, 672.)
the common stock. After the payment of a 7 per cent dividend, the
Huntingdon & Broad Top.—Dec. 31, 1880, owned from Huntingdon, stock scrip is convertible into common stock. Of the preferred bonds
Pa., to Mt. Dallas, Pa., 45 miles; branches—Slump's Run,9 miles; Six- $600,000 have been issued to pay expenses of foreclosure and prior
mile Run, 5 miles; and SandyRun, 3 miles; total operated, 62 miles. liens, and $400,000 more may be issued if needed,
This road was opened in July, 1856. The capital stock is $929,900 com¬
Earnings and expenses in 1880 were as follows:
^
mon and $1,197,200 7 per cent preferred stock.
Had about $122,000 Gross earnings
$1,196,416
scrip outstanding at close of 1880. Interest in default on the consoli¬ Operating expenses, taxes and rentals
669,053
dated mortgage bonds. The freight business is mainly iu coal. Opera¬
tions and earnings have been as follows for the past five years:
Net earnings
$527,363
Freight (ton)
Net
Passenger
Gross
Interest charges
$192,000
Mileage.
Mileage.
Miles.
EarningR.
Years.
Earnings. Six per cent on income bonds
90,000— 282,000
61
1,041,203
11,693,975
$272,456
$95,448
61
752,137
10,369,597
261,410
110,077
Net surplus
$245,363
61
754,787
12,146,492
238,890
132,693
In January,
the Inter-State
61
13,056,514
253,525
795,931
141,304 was formed t) 1881, the extension toImprovement and Construction Co ,
build
Springfield, O. On March 15, 1881,
62
312,491
1,217,232
167,313 the stockholders vote on consolidation with a new line to Columbus, O.
18,478,776
—(V. 30, p. 168; V. 32, p. 155.)
Earnings for two years ending June 30,1878-9 and 1879-80, were as
Illinois Central—Dec. 31, 1880, owned from Cairo, Ill., to Chicago, follows:
Ill., 365 miles; Northern Division, Centralia to Dunleith, 341 miles;
Gross Earn’gs.
Years.
Miles.
NetEarn’gs.
other lines owned and leased—Kankakee & Southwestern RR.,
to Colfax^ 101 miles; Chic. & Springf. RR., Gilman to
,
Otto. III.,
202
202
Springfield, 111
miles; Dub. & Sioux City RR., Dub. to Iowa Falls, 143 miles; Iowa Falls &
Sioux City Railroad, Iowa Falls to Sioux Falls, 184 miles; Cedar
Falls & Minn. RR., Waterloo to Minn. State Line, 75 miles; total operated,
ly3*20 miles. This company wras organized in March, 1851, and the
whole road opened Sept., 1855. The terms of the leased lines in Iowa
are given under the names of those companies.
The general mortgage of
1874 provides for all bonds outstanding. It is limited to $15,000,000.
The Illinois Central wras one of the first, and has been one of the
most successful, of the land grant roads.
The company has acauired a controlling interest in the Chicago St. Louis & New
Orleans Railroad, to which it has made large advances, and owns
—(V. 29, p. 277, 302, 329, 511; V. 30, p.
405, 535; Y. 32, p. 15, 69, 100, 155.)
„
$1,085,938
$37,5,700
1,186,347
491.086
169, 192, 384; V. 31, p. 380,
Indiancrpolis Decatur <£• Springfield.—August 31,
1880, owned from
Decatur, III., to Indianapolis, Ind., 153 miles. Road opened through
Feb. 9,1880. The first and second mortgage bonds were placed on the
N. Y. Stock Exchange list in January, 1880. This company is successor
to the Indiana & Illinois Central Railroad. The firsts are for $1,800,000;
the seconds are $2,850,000 in amount, convertible into stock after Jan.
1, 1885, with the first ten coupons payable only out of net earnings but
to be
paid in scrip if net earnings are insufficient,
and have thirty years
to run; amount issued, $2,669,000. The stock, of which very little is
$1,600,000 of the first mortgage bonds, $5,061,000 of the second
is $500,000 in $50 shares. Gross earnings in 1879-80, $339,mortgage bonds, and $6,670,000 of the stock. The Chicago & Spring- issued,
(V. 28, p. 277, 624; V. 30, p.'67; V. 31, 427.)
field Railroad was a reorganization of the Gilman Clinton <fc Springfield 850; net, $142,684.
in 1877, and is leased to the Illinois Central and virtually owned by it.
Indianapolis & St. Louis.—Dec. 31,1879, owned from Indianapolis to
The annual report for 1880 says: “ The gross earnings for.the past year Terre Haute, I»d., 72 miles; leased line, St. L. A. & T. H, 189 miles, and
were $8,304,811, against $7,234,464 for 1879.
The tonnage has largely branches, 6 miles; total operated, 267 miles. The lease of the St. L. A.
increased. The gain iu net was$282,091. Total net revenue,$3,747,533.” 6 T. H. was guaranteed by two other companies, and suit has been
From this sum, besides paying interest on debt and dividends on shares,
pending as to the rental. The company is controlled by the Pennsylpermanent improvements were made to the extent of $842,323. There vania' Company, which owns the stock of $600,000, in connection with
was still a balance from the year’s operations of $501,641. The Board has
Of the first mortgage bonds series “A” are J.
the Cieve. Col. Cin. & Ind.
decided to enter into a plan reducing the fixed interest charge on the & J.; series “B,” M. & S.; series “C,” M. & N. In 1879 interest on
New Orleans line, and offering to holders of all classes of bonds thereon
equipment 8^ was not paid. Operations and earnings for five years past
a new 5 per oent bond, to be dated the 15th of June next, and made
were as follows:
r
payable in 1951.
Operations and earnings for five years past were as follows:
Freight (ton)
Gross
Net
Div.
Miles.
Earnings. Earnings.* p.c.
Mileage.
Mileage.
‘
1,108 50,828,505 284,650,911 $7,802,556 $2,670,081
1,108 51,238,031 264,602,314 7,040,969 2,144,776
1,108 46,076,845 249,345,941 6,639,845 2,546,561
1,256 43,849,207 306,345,691 7,111,184 3,015,229
1,256 44,586,972 335,470,860 7,234,464 3,196,920
Passenger
Tears.
*
Deduct rentals and taxes.
—1\. 29, p. 301; V. 30, p. 91,218; Y. 32, p. 155.)
Years.
Passenger
Miles.
' 265
265
266
266
Freight (ton)
Mileage:'
Mileage.
11,922,681
10,889,483
8,211,025
10,865,239
12,209,092
79,811,222
100,902,991
92,684,115
85,300,579
102,630,114
Gross
Net
Earnings. Earnings.
$1,513,881 $325,996
431,645
1,657,863
1,385,874
477,882
315,115
1,347,246
1,493,876
491,149
377; V. 29, p. 95; V. 31, p. 40o '
Indianapolis <£- Vincennes.—Dec. 31, 1879, owned from Indianapol >
Ind., to Vincennes, Ind., 1T7 miles. The Pennsylvania Company pwns-a
controlling interest in the stock and operates the road, advancing too
266
-(V. 27, p. 41, 409, 454, 603; V. 28, p.
Subscribers
will confer a great favor by giving
headings, &c., Bee notes
on first page of tables.
explanation of column
International <& Great
Northern—Cousol. stock
“ purcli. money,” gold
2d inort. income, not cumulative
Iowa Falls <& Sioux City—Stock
1st mortgage,
1st mortgage. April 1, ’69...
Ithaca Auburn A West—2nd M.
(income for 3 yrs)..
Jacksonv.. Fens.A Mob.— Florida State bonds, gold...
Jacksonville Southeast—Stock
Jefferson (Pa.)—1st & 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)
Jeffersonville Madison A Indianapolis—Stock
Indianapolis & Madison, 1st mortgage
Jeff., Mad. & Ind., 1st M. (s. f. $15,000 per year).
Immediate notice ol any error discovered in these
Miles Date
of
of
Road. Bonds
519
559
519
27
250
31
9
38
226
186
159
•
•
•
Amount
•
1869
1877
1870
par
Value.
Outstanding
$....
1,000
1879
1879
a
184
Size or
1869
mortgage
A Northern Indiana—1st mort., guar by M. C.
Jersey
Joliet
2d mortgage
City A Bergen—1st
(Philadelphia).—1st mortgage
-•■
Junction & Breakwater—Funded debt (Del. St. loan)
2d mortgage
Kansas Central—1st mortgage (for $2,400,000) —
Kansas City Burlington A Santa Fe—1st mortgage.
New mortgage ($15,000 per mile)
Kansas City Fort Scott A Gulf—1st m. 1. jrr. «- f
Mortgage on branches
.“.
Kansas City Lawrence A Southern—1st mortgage..
Junction
2d mortgage
Southern Kansas &
Sumner
Western—1st mortgage
County RR.—1st mortgage
Kentucky Central— Common
Preferred stock
:
159
6
44
41u
....
45
84
42
161
126
288
40
21
149
149
80
80
stock
2d mortgage
3d mortgage
....
1862
1866
1870
1877
1862
1865
....
1876
1879
1880
1879
1880
1879
1880
1880
•
•
•
»
....
Cent.
Pay’Die
1,000
1,000
-
1,000
1,000
1.000
& J. N. Y.. Farm. L. & T. Co.
& J.
Philadelphia Office.
do
do
A & O.
J. & J. Lewes, Del., Treasurer.
do
do
Fw& A.
A. & O.
Office, 80 Broadway.
July 10,1907
July 1. 1882
April 1, 1900
1^
7
7
7
7
7
6
6
6
6
7
8
7
7
4,000,000
1,325,000
2,940,000
545,000
300,000
4,500,000
500,000
1,000
•
1,000
1,000
....
....
1.000
1900
New Yo»k.
(0
May 1, 1881
Oct. 1, 1906
July 1, 1910
J.
J.
J. & J.
J. & J.
7
A. & O.
J. & J.
7
1
3
7
M. & N.
M. & N.
M. & S. N.
7
J.
4 to 6
792,000
233.000
l,00u
1855
1887 & 1889
Jan. 1, 1889
1.500,000
•
1,000
1853
City, Treas. Office.
J. & J. Honesdale Nat. Bank.
J. & J. N. Y., by Erie Railroad.
Q.-F. N. Y., Farm. L. & T. Co.
do
do
M. & N.
do
do
A. & O.
do
do
J. & J.
400,000
250,000
504,000
600,000
....
•
i91»
7
7
300.000
....
•
1,
Sept. 1, 1909
Mar. 1, 1881
Oct. 1, 1917
Jan. 1, 190T
J. & J. N. Y.
J. & J.
800,000
455,000
1,000
•
Nov.
7
8
2,000,000
2,000,000
397,000
2,382,000
2,000,000
385,000
100
500 &c.
•
Dividend.
300,000
1,000
1,000
•
Stocks—Last
498,090
4,000,000
1,000,000
....
•
,
Whom.
6 g. M. & N. N Y., National City B’L
4,724,000 5 in 1881 M. & S. N Y., 26 Exch’ge Place.
Boston.
1
Q.-M.
4,623,500
A. & O. N. Y., Nat. Park Bank.
7
2,947,500
500 <fcc.
100
500 &c.
100 &c.
■
1867
When
pal,When Due.
Payable and by
Where
Rate per
Tables.
Bonds—Princi¬
$6,675,000
6,024,000
660781781
do
do
xxxiii
BONDS.
INTEREST OR DIVIDENDS,
DESCRIPTION.
For
AND
STOCKS
RAILROAD
1890
Feb., 1896
April 1, 1909
1910
New York.
Boston, Co.’s office.
do
do
Boston, Office.
do
do
do
do
Cincinnati.
,
do
Y., Bank of America.
& D.
do
do
1909
Jan.1.1910
1910
Nov., 1880
Nov., 1880
March. 1883
June, 1885
Jersey City A Bergen.—Dec. 31.1879 owned from Jersey City to Bergen
interest on the bonds. The capital stock is $1,402,000. Point, N. J., 6 miles. In 1878 gross earnings were $224,817; net, $80,net earnings were $04,025; in 1878, $5,349; in 1877, a 421. In 1879 gross earnings were $228,758; net, $84,457. Stock is
deficiency; in 1870, $17,973; in 1875, $32,709. . The annual interest on $165,150. William Keeney, President, Jersey City. (V. 30, p. 566.)
the debt amounts to $200,000. (V. 28, p. 18, 377.)
Joliet A Northeim Indiana.—Dec. 31,1879, owned from Joliet, Ill., to
International A Great Northern.—Dec. 31,1879, owned from Longview", Lake Hatron, Ind., 45 miles. Operated as part of the Michigan Central
Tex., to Houston, Tex., 230 miles, and Palestine, Tex., to Austin City. Tex., main line. Road opened in 1854 and leased to the Mich. Cent, at 8 per
181 miles; branches—Troupe, Tex., to Mineola, Tex., 44 miles; Phelps, cent on the bonds. The Mich. Cent, declined to pay 8 per cent, and the
Tex., to Huntsville, Tex., 8 miles; Houston. Tex., to Columbia, Tex., 50 above issue of bonds definitely guaranteed was given as a compromise.
miles; leased, 10 miles, Round Rock to Georgetown; total operated, 529
Junction (Philadelphia).—Dec. 31,1879, owned from Belmont. Pa., to
miles. Since above date, has acquired the Henderson & Overton
Railroad — miles, and extended from Austin to San Antonio. This was a Gray’s Ferry, Pa., 3*6 miles It connects various lines coming into Phila¬
consolidation of the Houston & Great Northern Railroad and the delphia. Capital stock, $250,000. Net earnings n 1878 were $87,963.
ipany
Internat’l RR. of Tex. on Sept. 22,1873, The company made default on Dividend, 14 per cent. (V. 31, p. 453.)
id in April, 1878. Sales in foreits bonds, and a Receiver w7as a
Junction A Breakwater.—Dec. 31, 1879, owned from Harrington to
closure were made July 31 and >etober 14,1879. The plan of reorgan¬
45
Lewes, Del., 40 miles; branch to Rehoboth, 5 miles; total
ization was reported iii the Chronicle (V. 27, p. 95,331). The stock miles. Gross earnings, 1880, $75,281; net, $35,576. Stock is $305,000.
authorized is $25,000,000. In the reorganization the lands of the com¬ N. L. McCready, President, New York City.
pany, amounting to about 5,000,000 acres, were conveyed to the
Kansas Central— May 1,1879, owned from Leavenworth to Garrison,
second mortgage bondholders in full settlement for their lien on the road,
which was thereby discharged. The present income bonds were issued Kan., 119 miles. Sold under foreclosure of first mortgage April 14,1879.
L. T. Smith, President
for ono-half of old mortgages and overdue interest. Interest at 4 per Reorganized April, 1879. Stock, $504,000.
cent for 1879 was paid on these and for 1880 5 per eentf will be paid— Leavenworth, Kan.
Kansas City Burlington <6 Santa Fe.—Dec. 31,1878, owned from Otta¬
2*2 per cent March 1 and 2*2 per cent Sept. 1,1881. In December, 1880,
wa Junction to Burlington, Kan., 43 miles; leased, Ottawa to Ottawa
a controlling interest in the stock was bought by Mr. Jay Gould.
Junction. 3 miles; total operated, 46 miles. Road opened April 1, 1878.
Operations and earnings for five years past were as follows:
Net
Gross
Stock, $600,000. Extension of 700 miles proposed (Kansas City, Mo., to
Freight (ton)
Passenger
Earnings. Santa Fe, New Mexico), and mortgage for $11,000,000 and not to exceed
Earnings.
Mileage.
Miles.
Mileage.
Years.
25,493,465 $1,408,303 $615,963 $15,000 per mile of completed road. A Receiver was appointed in Dec.,
459
7*206,313
1875
591,872 1«80. Wm. H. Schofield, President, Burlington, Kan. (V. 30, p. 408,
1,453,996
30,017,844
7,883.200
459
1876
466,248 510, 536; V. 31, p. 578.}
1,560,455
35,909,691
519
9,008,250
1877
571,983
1,636,585
39,579,080
519
Kansas City Fort Scott A Gulf—Dae. 31,1879, owned from Kansas City,
7,841,041
1878
578,087
1,775,861
43,969,649
519
7,534,957
1879
Mo., to Indian Territory, 160 miles; leased—Baxter. Kan., to Joplin, Mo.,
—(V 28, p. 351,428 ; V. 29, p. 41,120, 357, 459 ; V. 30, p. 91,169, 249, 16 miles; Ft. Scott Junction to Findlay, Kan., 15 miles; total operated,
deficiency to pa]
»y
In 1879 the
operated,
..
..
..
..
..
191 miles. In 1880 acquired the Memph. Kan. & Colorado Railroad, 44
205,382, 638, 652; V. 32, p. 69, 205.)
miles, and completed line to Lamar, Mo., operating a total of 269 miles
Iowa Falls A Sioux City.—June 30, 1879, owned from Iow7a Falls, la.,
in Ngv., 1880. This company was organized April 1, 1879. as succes¬
to Sioux City, la., 184 miles. This road was opened in 1870 and leased sor to the Missouri River Fort Scott & Gulf, which made default Oct. 8,
to the Illinois Central for 20 years from Oct. 1,1867, at a rental of 35 1873, and was sold in foreclosure February 4, 1879. The stock ie
per cent of the gross earnings for 10 years and 36 per cent for the remain¬ $4,000,000 common and $2,750,000 8 per cent preferred. Four and
ing 10 years, which percentage in the year ending March 31,1879, was one-half per ct. paid Feb. 15,1881, on contracts for preferred stock. The
$176,111 and in 1879-80 was $177,466. This company also receives a first mortgage bondholders of the old road took 80 per cent in the new
drawback of 10 per ct. on business to and from their line over the Dub.
stock
In May,
6 S. City RR. Horace Williams is President, Clinton, la.
(V. 32, p. 16.) mortgage bonds, and for all other claimsas perwas issued. V. 30, p. 1880,.
new bonds on branches were issued,
465.
ciroular,
Ithaca Auburn A Western— Dec. 31, 1880, owned from Freeville to Operations and earnings for five years past have been as follows: Net
Gross
Freight (ton)
Passenger
Mapleton, N. Y., 32 miles. The N. Y. <fc Oswego Midland RR. was sold
Earnings. Earnings.
518 ; V. 31, p.
and this company organized Bept.
The stock is $970,000, and there is a first
in foreclosure,
cessor.
20,1876, as the suc¬
mortgage authorized
Ithaca, of which $200,000 bonds
Middletown, N. Y.
Jacksonv. Pensacola A Mob .—Dec. 31,1878, owned from LakeCity, Fla.,
to Chattahoochee, Fla.. 150 miles; branches--Junction (main line) to
Monticello, 4 miles; Tallahassee to St. Mark’s, 21 miles; total operated,
175 miles. The present company was organized in 1870, and the State of
Florida issued to the company $4,000,000 of State bonds in oxchange for
$3,000,000 of the company’s first mortgage bonds and $1,000,000 of the
Florida Central RR. first mortgage bonds. Interest has been in default
and the road has been in the hands of a Receiver. Net earnings in 1878,
$44,429. (Y. 28, p. 578, 599; V. 32, p. 100.)
Jacksonville Southeastern— July 1.1878, owned from Jacksonville to
Virden, Ill., 31 miles. This was the Jacksonv. Northw. & Southeast. RR.,
projected from Jacksonville to Mt. Vernon, 125 miles, and finished as
above. Bonds were issued at $20,000 per mile, amounting to $600,000.
In 1879 the company was reorganized by the bondholders under this
name, without any debt.
M. P. Ayers, Jacksonville, Ill., was the former
of $500,000 for building to Auburn &
are to bo issued.
H. R. Low, President,
President.
Je erson
Sept. 30.1879, owned from Susquehanna Depot, Pa., to Cars;
bondale, Pa., 37 miles. branch, Hawley, Pa., to Houesdale, Pa., 8 miles;
total, 45 miles. Leased in perpetuity to the Erie Railway at a rental of
7 per cent on the bonds, and now operated by the N. Y. Lake Erie & West.
—
Capital stock, $2,096,050. Edward Clymer, President, Reading, Pa.
Jeffersonv. Madison A Indianapolis—Dec. 31,1880, owned from Louis¬
ville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Columbus, Ind., 46 miles; Columbus, Ind., to Shelby ville, Ind., 24 miles;
Jeffersonville, Ind., to New Albany, Ind., 6 miles; Shelby & Rush RR.,
20 miles; Cambridge Extension, 21 miles; total operated, 224 miles.
The road was leased anew from January 1,1880, to the Pennsylvania
Company, the lessees to pay over all the net earnings to the J. M. & I.
Co. Earnings for fl ve years past were as follows:
Div.
Net
Gross
161
161
Earnings.
$1,171,874
1,176,174
186
1,150,014
186
Years.
1,246,333
Miles
186
-(V. 28 p. 378; Y. 32, p. 205.)
,
1,388,565
Earnings.
$444,005
499,033
425387
492,863
541,538
p. c.
7
7
7
7
6*2
Miles.
160
160
160
160
160
Years.
1875..
1878
1879
—(V. 28, p. 42, 146,
p.
122, 483, 588.)
Kansas
Mileage.
Mileage.
3,953,320
4,589,110
23,054,779
30,567,648
28,131,154
32,301,278
35,972,107
4,977,670
5,203,933
5.585,154
624; V. 29, p. 538; V. 30, p.
City Lawrence A South.—Dec.
$677,843
$196,910
229,222
865,734
833,835
227,177
115,567
332,81*
902,094
895,864
222, 463, 465 ; V. 31,
31,1879, owned from Lawrenoe,
branohes—Ottawa
10 miles;
leased, So. Kansas & West., Independence to Wellington. 104 miles;
total operated, 290 miles. In April, 1880, So. Kansas opened to 105 miles
from Independence, and consolidated with the Kansas City L. & So. in
December, 1880. This company was formerly the Leav. Law. & Galv.
RR., which was sold in foreclosure Aug. 9, 1878, and purchased by bond¬
holders, and the present company organized May, 1879. For terms of
agreement with leased roads and status of securities, see V. 30, p. 519*.
The capital stock is $2,940,000. In Nov., 1880, the road was to be pur¬
chased in the interest of the Atchison Top. & S. Fe, according to the
terms of the circular published in the Chronicle of Nov. 27,1880 (V.
31, p. 559). Gross earnings in 1879, $495,238; net, $129,579.
The
present bonds cany 4 percent till 1882, 5 in 1882-3, and 6 thereafter;
-(V. 28, p. 42, 351, 401, 623; V. 30, p. 384, 519, 643; V. 31, p, 381,
559; V. 32, p. 16.)
Kentucky Central.—April 30, 1879, owned from Covington. Ky., to Lex¬
ington, Ky., 99 miles, and Paris, Ky., to Maysville, Ky., 50 miles; total
operated, 149 miles. This was formerly the Covington & Lex. RR.V which
foreclosed in 1859. In 1875 the present company was formed, and
took possession May 1,1875. The Maysv. & Lex. RR. was taken Nov.
irfit
17,1876. The fiscal year now ends Dec. 31, and the report for el for
Kan., to Coffey ville (Indian Ter. Line), 144 miles;
Junction to Olathe, 32 miles; Cherry vale to Independence,
was
months of 1880 was
five years past were
given in V. 32, p. 120.
as follows:
Gross
Miles.
Earnings.
149
149
1877-78
...149
1878-79
149
1879-80....
1880(8 mos. ).. 149
-(V. 30, p. ( 23; V.
$706,476
YearR.
1876-77
....
....
...
...
....
...
648,342
553,389
i
Operations and earnings
Net
Earninge.
$304,007
246,694
208,750
608.029
222,514
447,078
143,616
32, p. 16, 120.)
-Divid’s, p.ot.-
KAILROAD
XXXIV
Subscribers will confer
a
explanation
on
Miles
column headings, Ac.,
first page of tables.
see
Date
of
of
noteR
Road. Bonds
Keokuk dDcs Moines—1st M., mt. guar. C. R. I. A P.
Knox d Lincoln— 1 st mortgage
Knoxville d Ohio— 1st M. (payable at any time)
New bonds for $1,300,000
Lake Erie d Western—Stock
1st mortgage, gold
Income bonds convertible (not cumulative)
Sandusky Extension, 1st mortgage
do
income bonds
Lafayette Bloom. & Muucie, 1st mort., gold
do
do
income M. con. (non-eumul.)
Lake Ontario Southern— 1st mortgage, gold
do
Lawrence—Stock
1
1st mortgage
Lake Shored Michigan Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
162
49
38
do
do
Buffalo A Erie, mortgage bonds
Det. Monroe A Tol., 1st mort., coup., guar
Kalamazoo A White Pigeon, 1st mortgage
Schoolcraft A Three Rivers. 1st mortgage
Kalamazoo A Schoolcraft, 1st mortgage
....
Kalamazoo, Allegan A Gr. Rapids, 1st mortgage
....
21
21
200
200
50
22
17
864
864
864
•
•
*
•
1880
Payable
5
6
7
(0
1,000
*
*
1,815,000
*
327,000
600,000
2,500,000
1,000,000
1,000,000
450,000
336,000
49,466,500
533,500
4
5
....
•
1,000
1,000
?
1,000
y,i5uo,wu
924,000
400,000
100,000
100,000
840,000
....
....
....
•
•
606; V. 32, p. 16.)
Lake Eric d Western.—Dee. 31, 1880, owned from Fremont, O., to
Bloomington, Ill., 35.1 miles; branch, St. Maiy, O., to Minster, O., 9
miles; total operated, 362 miles. This was a consolidation, Dec. 12,1879,
of the Lafayette Bloomington A Muncie and the Lake Erie A Western, on
the basis following: The consolidated
company to assume all the debts,
issue its stock share for share for the Erie A Western stock, and issue
four shares otits stock for each share of the Lafayette Bloomington
A
Muncie stock. The lino embraces the former Lafayette
Bloomington A
Mississippi road and the Lake Erie A Louisville. Gross earnings, Jan.
1 to Sept. 30. 1880. $93P,651; net, $263,856. \\. 29, p. 329, 407, 538,
631; V. 30, p. 17, 567; V. 31, p. 427; V, 32, p. 16, 70, 100, 183.)
Lake Ontario Southern.- Sept. 30,1879, owned from Sodus Point.
N.Y.,
to Stanley, N. Y., 34 miles. This company was a consolidation, Dec. 2,
1879, of the Ontario South and the Geneva Horaellsville A Pine Creek
railroads. The line is from Sodus Point, N. Y., to West Branch, Potter
County, Pa., 155 miles, of which 34 miles are in operation. The stock is
$2,800,000, and bonds for $3,000,000 issued at $20,000 per mile of com¬
pleted road. Gross earnings in 1880, $22,016; deficit, $525. E. B.
Pottle, President; Naples, N. Y. (V. 30, p. 434, 466.)
Laicrence.- Dec. 31, 1879, owned from Lawrence Junction, Pa., to
Youngstown, O., 18 miles; branch from Canfield Junction to Coal Fields,
O., 4 miles; total operated, 22 miles. The branch was built by another
company and merged in this company April 23, 1873. The Lawrence
Railroad was leased June 27, 1869, to Pittsburg Fort Wayne A Chicago
RR. at 40 per cent on gross earnings, with $45,000 per year guaranteed
as a minimum. Lease has been transferred to Pennsylvania Co.,
by which
the road is now operated. Sinking fund has $19,000 bonds, deducted in
amount of bonds given above. Gross earnings in 1879, $173,452; net
earnings, $78,074; rental received from lessee, $69,380.
Lake Shore
d'Michigan South cm— Dec. 31, 1879, owned from Buffalo
N»Y., to Chicago, Ill., 540 miles; branches owned, 324 miles. Other lines
owned as follows: Detroit Monroe A Toledo, 62 miles; Kalamazoo A
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roads leased are as follows: Kalamazoo Allegan A Gr. Rapids,
68 miles; Jamestown A Franklin, 51 miles; Mahoning CoalR., 43 miles;
total, 152 miles. Total road owned, leased, and operated, 1,177 miles.
was as follows;
Net earnings
Interest, rentals, Ac
Balance
Equals
$18,720,000
10,410,000
(55 61)
Surplus..
1879.
Y., Metropolitan Bk.
Aug. 15.1919
•
The
F. A A. N.
8,934,524
(58 50)
$6,336,968
2,754,988
$5,560,000
(1124)
$3,581,980
(7-24)
$3,957,320
250,000
1,352,680
do
New York
August.
do
Aug. 15, 1899
F. A A.
City.
Aug. 1, 1919
Aug. 1, 1920
M. A N. N. Y;, Metropolitan Bk, May 1, 1919
Yearly.
do.
do
May 1, 1899
A. A b. N. Y., Union Trust Co, April 1, 1910
Q.- J.
Pittsburg Office.
Jan., 1881
F. A A. N. Y., Winslow, L. A Co
Aug., 1895
F. A A. N.Y.,Grand Cent.Oftice
Feb: 1. 1881
F. A A.
do
do
Feb. 1, 1881
J. A J.
July 1, 1900
Q.-J.
July 1, 1900
cc u S’0
J. A D.
Dec. 1, 1903
©-M C3
A. A O.
P § .4J §
Oct. 1, 1882
M. A N.
May 1, 1885
A. A O.
J. A J.
A. A O.
J. A J.
M. A S.
A. A O.
F. A A.
J. A J.
J. A J.
J. A J.
J. A J.
•°
rrs
P
£
9
Oct.
o
5
c;
1. 1892
July 1,
April 1,
July 1,
Sept. 1,
April 1,
Aug. 1,
flO
•s 0
3
c8.m* Sh
ou2®o
Jan.
1,
July 1,
July 1,
July 1,
1885
1886
1882
1886
1898
1906
1890
1887
1887
1888
first
mortgage debt of the company was diminished from
to $22,500,000 in 1880 by the regular contribution of
$250,000 to the sinking fund, which now amounts' to $2,500,000 first
mortgage bonds purchased and canceled. The second mortgage debt
was increased $665,000,
which represents the cost of $1,732,500 first
mortgage bonds and $1,384,700 of the capital stock of the Chicago A
Canada Southern Railway Company. This purchase
gives L. S. A M. S.
control of Chicago A Can. Southern. It extends from the Detroit
River,
at Grosse Isle, to Fayette, Ohio, a distance of 67 miles.
From Fayette
to Butler, an important station oh the Air Line, and the eastern
terminua
of the Eel River Railroad, a distance of
only about 35 miles, the road is
graded. The last annual report is published in V. 30, p. 490, containing
the tables below, showing
the operations and the earnings of the road
.
for
a
series of years :
INCOME ACCOUNT.
1876.
Net earnings
Interest and divid’ds.
Total income
Disbursements—
$
4,374,342
212,216
1877,
$
4,541,194
171,776
4,586,558
$
Receipts—
4,712,970
$
1878.
$
1879.
5,493,166
197,662
$
6,336,968
172,806
5,690,828
$
251,924
6,509,774
5,690,828
272,675:
Rentals paid
Interest on debt
16,509,774
$
265,404
257,489
2,646,180
2,628,680
2,611,180
2,616,955
Dividends, guar
(10) 53,350 (10) 53,350 (10) 53,350 (10) 53,350
Dividends, ordin’y- (3*4) 1,697,661 (2) 989,330(4)1,978,660 (*)3,215,322
Ashtabula accident..
495,722 77,909
60,128
Miscellaneous
4,378
37,544
Balance, surplus
6,692
276,106
680,261
306,530
.
Total
4,586,558
4,712,970
*6*s per cent.
t During the year $173,100 of worthless assets
were
written off.
The net
surplus in 1879 was disposed of as follows, to wit: Sinking
fund, $250,000; Ashtabula accident, $58,672; balance, $33,005; total,
$341,677. Nothing was charged to construction or equipment in 1879.
The operating expenses include 9,500 tons steel rails.
The miles of
track now laid with steel rails are 1,100. Included in
operating expenses
is about $250,000 expended for additional equipment, improvements at
Ashtabula Harbor, real estate, Ac., which items have heretofore been
charged to construction.
The financial results of the ten years since consolidation are shown
by the following condensed table:
Operating
Expenses.
Gross
Year.
Miles.
1870..
1871..
1872..
1873..
1874..
1875..
1876..
1877..
1878..
1879..
1,013
1,074
1,136
1,175
1,175
1,175
1,177
1,177
1,177
1,177
Earnings.
$13,509,236
Per cent.
61-95
65-64
66-90
70-90
65-04
72-96
14,898,449
17,699,935
Interest, leases
Net
and dividends
Earnings, on Guar. Stock.
$5,140,415 $1,828,897
5,118,643
5,860,409
5,667,911
5,993,760
3,902,698
4,374,341
4,541,193
5,493,165
6,336,968
2,121,164
2,201,459
2,654,560
3;008,193
2,810,294
2,759,989
2,775,657
2,718,792
2,754,988
19,414,509
17,146,131
14,434,199
68-6-1
13,949,177
66-37
13,505,159
60-70
13,979,766
58*50
15,271,492
The following condensed tables show the passenger and the freight
business in detail for the past six years, 1874-1879:
FREIGHT.
Year.
1874..
1875..
1876..
1877..
1878..
1879..
Tons.
5,221,267
5,022,490
5,635,167
5,513,398
Tons
one mile.
6,098,445
999,342,081
943,236,161
1,133,834,828
1,080,005,561
1,340,407,821
7,541,294
1,733,423,440
$15,271,492
$8,310,000
2,750,000
per share
Balance for 1880, appropriated as follows:
Dividends, Aug. 1880, Feb. 1881
Sinking fund for 1880
•
the Lake Shore Railroad and
Buffalo A Erie Railroad August 16, 1869.
The consolidated line em¬
braces the former roads of the Cleveland A Toledo and the Cleveland
Painesville A Ashtabula railroads. Of the guaranteed stock, the claim
for dividends between 1857 and 1863 has been settled on
$360,600,
leaving $172,900 still unsettled. Of the ordinary stock the company
owns 2,679 shares ($267,900), which appear among its assets in the
balance sheet. ‘Die income account for the year 1880 (December
partly
Operating expenses
Percentage of earnings
•
1, 1923
$22,750,000
Miohigan Southern A Northern Indiana Railroad May 27, 1869, and the
1880.
1880-1902
Jan. 1, 1906
Oct.
.
7
7
7
7
7
7
7
7
7
7
7
8
8
8
2,834,000
1,000
"
7
849,000
200,000
300,000
500 Ac.
•
7
f
l
10,628,000
2,537,000
5,240,000
920,000
1,595,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Knoxville d Ohio—June 30, 1879, owned from Knoxville, Tenn., to
Careyville, Tenn., 39 miles. This was formerly the Knoxville A Kentucky
RR., which was in default to the State of Kentucky and sold Oct. 8,
1871. It is controlled by the East Tennessee Virginia A Georgia. The
stock is $1,080,100. Contract made for junction with Louisville A
Nashville. C. M. McGee, President, Knoxville, Tenn.
(V. 31, p. 559,
Gross earnings
*
7
100
100
Lincoln.—Sept. 30,1879, owned from rBatli, Me., to Rockland,
The road was opened in Nov., 1871. In the year ending
Dec. 31,1879, the gross earnings were $104,366 and net earnings $47,300.
The stock is $354,580. On city and town bonds, interest is mostly paid
by the municipalities. John T. Berry, President, Rockland, Me.
estimated)
Y.,Farm. L. A T. Co.
Hide A L’ther Bk.
R. T. Wilson A Co,
Various Bost.,
J. A J. N. Y.,
*
1,000
Knox d-
<*{
Stocks—Last
Dividend.
Whom/
A. A O. N.
6 g.
7
6
7
6 g.
7
« g.
1,485,000
50
....
1865
Me., 49 miles.
This company was a consolidation of
\Bonde—Princi.
’pal, When Due-
When
Cent.
500,000
*
Eer cent preferred and $2,600,400 of common, a majority of which is
:,;h
Rate per
$2,750,000
2,395,000
1,000
1,000
1,000
1,000
1,000
1,000
1868
88
62
37
12
"
1879
1879
1880
1880
1879
1879
58
451
95
162
162
88
*
eld by the lessee. In the year 1878-9 gross‘earnings were $565,556.
in 1879-80, $639,788, leaving $22,447 over interest charges. A divi¬
dend of 1% per cent on preferred stock was paid December, 1880. (V.
31, p. 652.)
'ft
[Vol XXXII.
7,700,000
1870
1870
1873
1872
1855
1867
1855
1866
1862
1866
1868
1876
1869
1867
1867
....
Outstanding
Value.
1181
....
Amount
....
•
365
165
or
Par
Keokuk d Dcs Moines.—June 30, 1879, owned from Keokuk, la., to
Des Moines, la., 1(12 miles. This was a reorganization, Jan. 1, 1874, of
the Des Moines Valley Eastern Div., sold in fofeclosure Oct. 17, 1873.
The property was leased for 45 years from Oct. 1, 1878, to the Chicago
Rock Island'A Pac. RR. on the terms following: that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee the interest
(not the principal) on the present bonds. The stock is $1,524,600 of 8
:-1
BONDS.
INTEREST
Size,
1878 $100Ac.
’69-’72
1876
500
13
do
registered
Consol. 2d mort., do. (for $25,000,000) coup. A reg.
Income bonds, coupou or registered
1st mortgage, sinking fund, M. S. & N. I
3d mortgage (C., P. A A. RR.) registered bonds..
1st mortgage (C. A Tol. RR.) sinking fund
2d mortgage
do
Buffalo A State line, mortgage bonds
'
AND
great favor bj giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
STOCKS
,
Per ton per mile.
,
Revenue.
Receipts.
Cost.
Profit.
$
11,918,350
9,639,038
9,405,€29
9,476,608
10,048,952
11,288,260
Cent.
Cent.
Cent.
1-180
1010
•817
•864
*734
•767
•737
•561
*573
•474
*634
•398
•413
•273
•256
•291
•260
•244
PASSENGERS.
Passengers
Year.
1874..
1875..
1876..
1877..
1878..
1879..
Passengers,
one
mile.
Per passenger per
Cost.
Revenue. Receipts.
Cent.
$
2*452
4,249,022
Cent.
mile.
Profit.
Cent.
3,096,263 173,224,572
1-595
•857
•643
2-378
1-735
3,170,234 164,950,861? 3,922,798
2090
•652
3,119,923 175,510,501 3,664,148
1-438
2,742,295 138,116,618 3,203,200
2-319
1-539
•780
2-287
1121
2,746,032 133,702,021 3,057,393
1-166
2-223
1-448
2,822,121 141,162,317 3,138,003
•775
-(V. 27, p. 602, 645; V. 28, p. 47, 3618; V. 29, p. 170, 602, 657; Y.
30, p. 478, 490; V. 31, p. 20, 259, 672; V. 32, p. 183j
PI
RAILROAD
1881.]
PbURUabt,
SabMrl^ers will confer a great favor
'p
explanation of eoliunn headings, Ac., see notes
on
first page
of tables.
Lake Shore d Mich Ujan outhcm—( Continued)—
Kal. Allegan A Gr. Rapids, stock' 6 per ot. guar..
Jamestown A Franklin, 1st mortgage
do
2d mortgage
do
Lehigh & Lackawanna—l st A 2d mortgages
Lehigh Valley—Stock (#100,300 is prof.)
1st mortgage, coupon and registered.
2d mortgage, registered
Consol. moH., gold, $ A £ (s. fd. 2 p.c. v’ly) op. A reg.
Easton A Amboy. 1st niort., guar, (for #0,000,000)
Delano Land Company bonds, endorsed
Little Miami—Stock, common....
1st mortgage
Street eon. 1st M. bds (jointly withCin.& Ind.RR.)
Little Rock d Fori Smith—Now stock
1st M., Id gr’t (1,083,000 ace) s.fd. (for $3,000,000)
Little Rock Miss. River & Texas— 1st mortgage
1
Little Schuylkill—Stock.
1st mortgage,
Long
sinking fund, extended 1877
Island—Stack
"1st mortgage,
xxxy
by giving Immediate notice of any error discovered In these Tables.
Miles
Date
of
of
Road. Bonds
51
51
25
301
i<5i
Atlantic Ave. improvement certs
Louisv.Cin. & Lex.—Louisv. Pn(to Louisv.AFrankf.)
Louisville Cincinnati & Lexington, 1st mort
New mortgage, coupon, for $1,000,000
Louisville d Nashville— Stock
General mortgage, gold, coup, or reg
Louisville loan, main stem (no mortgage)
Lebanon branch, Louisville loan
3
7
7
7
1
6
7
6 g.
5
7
2
6
500,000
600,000
397,000
50
27,603,195
5,000,000
1,000
1,000
1,000
1,000
1,000
0,000,000
14,103,000
2,100,000
1.097,000
50
1,000
4,637,300
1,500,000
1,000
1853
1864
Rate per 1 When Where
Cent.
Payable
$610,000
1,000
....
150,000
A. A 0. )
J. & J. > See
J. A D.
5
,J. A D.
Q.-J.
J.
M.
J.
M.
J.
Bonds—3h4nci-
1875
500 Ac.
1870
....
50
....
1877
....
1860
1868
1808
1878
1873
1871
1871
1877
1851
1807
1877
65
175
175
960
840
1,000
....
1,000
1,000
100 Ac.
100
....
1880
1,000
....
....
1850
....
....
1188775--960
50
500
500 &c.
500
100 Ac.
500
500
500
1,000
„
150,000
10,284,000
850,000
225,000
T.
-
ofN. Ainer.
do
do
do
do
Cincinnati.
Boston, Treasurer.
A J.
J. A J.
A. A O.
...
....
....
1,121,500
980,772
100,500
i
AN. N. Y., Bank of America.
N. Y\ and Cincinnati.
Various
7
,175,000
C
pago. <
Philadelphia, Office.
J.
3^
2,0-10,100
408,000
3,260,000
250,000
000,000
114,900
100,000
2,900,000
701,700
18,118,800
A
Philadelphia Office.
A
A
A
A
A
A
A
N.
N.
N.
A.
N.
O.
8.
J.
J.
A
J. N.Y.,
'
J.l
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Imp A Trad.N.Bk.
do
do
dodo
F. A A.| L. A N. Y., 52 Wall St.
J. A IX Louisville A New York.
A. A O. N. Y., Bank of America.
do
do
Various
A
Stocks—Last
Oot.
1, 1880
Var.to J’ly, ’97
June 1. 1894
Doe. 1, 1907
Jan. 15.3881
June, 1898
Sept., 1910
1898 A 1923
1920
Jan., 1892
Mar., 1881
May, 1883
1894
Jan.
1, 1905
1896
1881
Jan. 1,
Jan. 13.
Oct., 1882
do
Company’s Office.
N.Y., Drexel, M. A Co.
M.
M.
M.
F.
M.
A.
M.
7
0
7
7
7
7
7
7
G
7
7
3
6 g.
0
6
pal.When Due.
Dividend.
preceding
8. Phila., Bank
A
A D.
A N.
7
7
1,250,000
Whom.
m:
6
2,650;000
A D.
Payable, and by
Philadelphia.
Philadelphia, Office.
Reg. at office, cp.B’kN.A
Q.—M.
4,090,135
105
105
100
31
31
158
95
150
4
10
19
int. only
Outstanding
1,000
1870
1873
1880
1872
....
Amount
$....
1,000
....
196
84
or
Par
Value.
1808
101
232
00
Size,
1803
1869
1877
extension
1st mortgage, Glenoovo Br
1st mortgage, main
2d morfc. for floating debt ($1,500,000).
Newtown & Flushing, guar
Now York & Rockaway, guar.
Smithtown A Port Jefferson
BONDS.
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
A. A O.
1873
May, 1890
May, 1884
May, 1898
Aug. 1, 1918
May, 1891
April, 1901
Sept., 1901
1881-82
Jan., 1881
Jan.. 1897
1907
Feb.
1, 1881
June, 1930
1880 A 1887
1886
*
cent
Three
Lehigh & Lackawanna— Dec. 31, 1879, owned from Bethlehem, Pa., notes coupons of July, 1879, and after were funded into 7 per
($502,115). In the year 1879 the gross earnings were $362,159
to Wind Gap, Pa., 25 miles. This eoal road was opened in 1807. It is
leased to the Lehigli Coal A Nav. Co., and operated by Central RR. of and net earnings $156,828; total available revenue, including miscel¬
New Jersey. Of the above bonds, $100,000 are a ftrst mortgage, and laneous receipts, $182,003. The land grant is about 807,000 acres tiii1 '
the $500,000 second mortgage are income bonds. Capital stock, $375,- sold. (V. 28, p. 401; V. 30, p. 17, 43, 192, 384; V. 31, p. 305.)
Little Rock Mississippi River & Texas— Dec. 31, 1879, owned from
100. Gross earnings in 1879 $31,942; net earnings, $7,894.
Arkapolis, Ark., to Pine Bluff, 75 miles, and Arkapolis, Ark., to Collins,
Lehigh Valley.—Nov. 30.1880, owned from Phillipsburg (Pa. Line), N* 25 miles; total operated, 100 miles. Additional branches were opened
J., to Wilkesbarre, Pa., 101 miles; branches—Penn Haven to Audenried* in February, 1880. This company was a reorganization of the Little
18 miles; Hazle Creek Bridge to Tomhicken (and branches), 32 miles » Rock Pine Bluff & New Orleans Railroad and the Mississippi Ouachita
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek June & Red River Railroad.
Both those companies received land grants
tion to Mt. Carmel (and branches), 61 miles; Slatodale branch, 3 miles ; and State aid bonds. The stock is $2,600,900. J. E. Redfleld, President,
Bear Creek Junction to Bear Creek, 5 miles; Lackawanna Junction to
Boston, Mass.
(V. 30, p. 169.)
Wilkesbarre, 10 miles; also owns the Easton A Amboy RR.,Amboy,
Little Schuylkill.—Nov. 30, 1879, owned from Port Clinton, Pa., to
N. J., to Pennsylvania Line, GO miles; total operated, 308 miles. This is
Catawissa RR. Junction, 28 miles; branches, 3 miles; total operated,
one of the most important of the so-called “eoal roads,” and was able
to maintain moderate dividends during the past years of depression. 31 miles. The East Mahanoy RR., was leased Jan. 12,1803, for 99 years,
It is one of the peculiarities of the company’s annual report that no and sub-leased to Phila. A Reading July 7, 1808. The Little Schuyl¬
kill Railroad is leased to the Philadelphia A Reading Railroad for 93,
general balance sheet is given. The earnings, expenses and income
years from July 7, 1808, at a fixed annual rental. Of the stock, $158,250
aooount for the fiscal year ending Nov. 30, 1880, were as follows :
is held by the company, and no dividends are declared on this.
Net
Gross
Receipts.
From—
Expenses.
Receipts.
Long Island.—Sept. 30, 1880, owned from Long Island City, N. Y., to
$2,872,288 Greenport, N. Y., 95 miles; branches, 05 miles; total owned, lOO iniles.
$2,480,310
Coal
$5,352,604
708,315 Other roads controlled and operated in 1879-80 were as follows:
1,171,258
Freight
1,879,573
Name—
Miles.
180,029
350,782
Name—
Miles.
Passengers, Express A Mail.
530,812
8*1
$3,760,033 Smithtown A Pt. Jefferson RR. 19 0 Central Extension RR
Totals
$4,002,357
$7,702,990
4*0
14*5 Whitestone branch
2,935,344 Stewart RR. to Bethpage
2,990,981
1879
5,932,325
6*7
Stewart RR. to Hempstead...
1-8 Great Neck branch
$825,288 New York A Rockaway RR... 8*9 Woodside & Flushing branch.. 3*9
$1,005,370
Increase
$l,83o,665
The income from all sources, including interest received from invest¬ Brooklyn A Jamaica RR
«... 51*5
9*0 Brooklyn A Montauk
$8,000,938 Newtown A Flushing RR
ments, Ac., amounted to
34) Hunter's Point A So. Side RR. 1*5
9*4
Operating expenses of the road
4,002,357 New York & Flushing RR
2-7 Far Rockaway branch
6*1
7’8 N. Y. A Long Beach
Net income
$4,598,580 F. N. S. & Central
The total of all the roads owned and operated is 320 miles. The Long
Out of which there was paid—
Interest on Bonds
$1,630,112 Island RR. went into the hands of a Receiver October, 1877. The sec¬
Dividends—four per cent on common and 10 on pref. stock... 1,108,757 ond mortgage bonds are issued to take up floating debt of various
classes. Several of tho leased roads have been foreclosed under their
General expense, interest on floating debt, taxes, loss on
Morris Canal and on coal operations
742,952 mortgages, and are now operated under temporary arrangements.
The control of the company sold to Mr. Austin Corbin and others in
Amount charged to meet estimated accumulated deprecia
990,338
tions
$4,472,101
$120,418
Leaving
the profit and loss account. Operations
earnings for five years past were as follows:
Net
Mis. Freight,
Gross
Passenger
Earnings.
Years.
Miles.
Mileage.
Mileage.
Earniugs.
1875-0.. 302 33,388,877
69,902,718 $7,049,047 $3,200,897
3,325,215
1870-7.. 301 16,057,397
80,712,311
0,488,037
3,075,811
1877-8..
303 13,718,758 112,557,906
5,532,738
2,935,344
5,932,325
1878-9..
303 15,082,571 150,540,605
3,700,033
106.178,752
7,702,990
1879-80. 303
*
Does not include receipts from interest, Ac., which are large.
-(V. 28, p. 95 ; V. 30, p. 91, 219 ; V. 32, p. 98,:183.)
to bo carried to the credit of
Little Miami— December
31,
and
1879, owned from Cincinnati, O., to
Springfield, O., 84 miles; branch, Xenia. O., to Dayton, O.,
leased, Columbus & Xenia Railroad, Xenia to Columbus, O.,
..Dayton A Western Railroad, Dayton, O.. to Indiana State
16 miles;
55 miles;
Line, 37 miles;
Ohio State Line to Richmond, Iud., 4 miles; total operaed, 196 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the portion between Xenia and Springfield is now
as a branch;
for tho remainder of the main line, as given above, the Columbus &
Xenia road, Columbus to Xenia, is used. The Little Miami
was
operated
road
1850, and on November
entered into between the two com¬
opened in 1846 and the Columbus & Xenia in
December, 1880.
The annual report for the fiscal year ending September 30,1880, puk
lished in the Cukonicle, Y. 32, p. 08, made the following exhibit:
1879-80;
1878-9.
Total receipts
Operating expenses
Net earnings.
Payments other than
$1,017,949
1,279,590
$338,359
1,365,855
$445,993
for construction were as follows:
.
Interest
Rentals of other roads
Earnings for other roads and
1879-80.
1878-9. ’
Transportation expenses
femes
Funded debt
Floating debt prior to receivership
Assessment Long Island City
$1,279,590
$1,365,855
228,120
205,173
193,304
105,399
107,000
138,350
31,799
16,500
4,366
54,313
$1,834,555
$1,955,878
made on account of construction
equipment, and in 1879-80 $156,314. Earnings for live years ptiet
Total
In 1878-9
and
$1,811,848
were as
payments of $111,240 were
follows:
Miles,
259
323
323
325
Years.
Earn’gs.
$1,149,897
1,473,178
Gross
1,497,914
1,617,950
Net
EanF/m.
$398,736
412,701
497,895
338,359
445,993
1,811,848
partnership contract was
326
panies. On January 1,1805, they leased the Dayton & Western (Dayton
-(V. 30, p. 65, 322; V. 31, p. 588 ; Y. 3*2, p. 16, 44, 68,183.)
to Indiana State line) and. the Richmond A Miami (State line to Rich¬
'Louisville Cincinnati d Lexington.—June 30,1880, owned from Louis¬
mond), and on February 4, 1865, purchased tho road from Xenia to
ville, Ky., to Lexington, Ky., 94 miles; Junction to Newport, Ky., 81
Dayton; these three roads go to form the branch of 57 miles given
above. The partnership agreement was dissolved November 30, 1868, miles; leased—traclc at Louisville, 4 miles; Lexington, Ky., to Mount
and a contract made by which the Columbus & Xenia road, including Sterling, Ky., 34 miles; Shelby Railroad, 19 miles; total operated, 233
Its interest in the above-named branches, was leased to the Little Miami miles. The old road was sold in foreclosure Dot. 1, 1877, to the second
The stock is “
for 99 years. On Dccomlier 1, 1869, the Little Miami, with all its mortgage bondholders, and this company was organized.
branches, Ac., was leased to the Pittsburg Cincinnati A St. Louis Rail $1,000,000 common and $1,500,000 preferred, having been increased .in
road Company for 99 years, renewable forever.
Tho Pennsylvania Nov.. 1880. In 1879 important contracts were made, leasing tbe Shelby
Railroad Company is a party to the contract and guarantees its faith¬ road for 30 years, and also with the Cumberland & Ohio (see V. 29, p,
•
ful execution. Road is now operated by Pennsylvania Company. Lease 147). Operations and earnings for five years past were as iollows:
Gross
Gross
Net
Freight (ton)
Passenger
rental is 8 per cent on capital stock, interest on debt and $5,000 per
Earnings. Earuini
Mileage. *
Miles.
Mileage.
Years.
annum for Little Miami Company’s expenses of organization; the fulfil,
21,762,005 $1,011,088 $205,866
213
15,747,085
1875-6
ment of the lessor’s lease obligation is also stipulated. Gross earnings in
250,710
1,049,369
20,481,084
213
15,431,102
1870-7
1879, $1,441,939; net income, $550,233, including $109,444 from inter¬
294,100
978,083
27,158,428
213
13,379,300
est, Ac. In 1880 the not income of the company was $080,375 ; inter¬
324,925
958.121
28*339,773
213
12,984,240
est and all charges, $008,003; surplus Jan. 1,1831, $135,032.
(V. 30, 1879-8H
425,270
1.129,032
34,222,143
232
15,484.890
p. 382; V. 32, p. 155.)
147; V. 30, p. 109; V. 31
-(V. 27, p.
-i,.ul)1,. 302; V. 28. p. 41. 599; V. 29, p.
Little Rock d Fort Smith.—Dec. 31,1879. owned from Little Rook, Ark.,
to Fort Smith, 165 miles. In Dec., 1874, the property (then 100 miles), p. 259, 454, 606; V. 32, p. 10.)
Louisville d Nashville.—June 30,1880, owned from Louisville, Ky., t<>
including the land grant, was sold in foreclosure. This company after¬
wards built 05 miles, and opened tho road to Fort Smith July 1, 1870. Nashville, Tenu., 185 miles; Henderson, Ky., to Nashville, Tenu., 135
30,1853,
a
"
of column headings, Ac., see notes
first page of tables.
extension, Louisville loan
Cecilian Branch, 1st mortgage
Consolidated 1st mortgage for $8,000,000
2d
;e bonds, gold, coup
Memphis i Ohio, 1st mort., sterling, guar
1st mortgage
Lykens Talley—Stock
McKean A Buffalo—1st mortgage
Macon <6 Augusta—1st mortgage
Madison A Portage—1st mort., urold
Mahoning Coal.—1st mortgage, coupon.
Maine Central—Stock
consolidated
..
Manchester A Lawrenee—Stock
....
£200
£200
1,000
492,200
5,000,000
3,500,000
3,000,000
3,000,000
3,000,000
600,000
398,000
400,000
100 Ac.
■
1,000
1,000
1880
20
1,000
1875
1867
1870
1872
1,000
1,000
1872
1860-1
1870
1868
1871
1866
1863
1865
3,603,300
3,903/700
1,100,000
496,500
100
100 Ac.
100 Ac.
500 Ac.
100 Ac.
300 Ac.
100 Ac.
100 Ac
100 Ac.
100
100
1877
1,000
....
....
1879
Ala., 119 miles; N. O. & Mob. RR., 141 miles; Poutcliartrain RR.,
Cumberland & O. RR. (Southern Division), 31 miles; Southeast.
300,000
600,000
500 Ac.
5 miles;
A St. L.
(HI. & Ind. Div.), 208 miles; Western RR. of Ala. (Selma Div.), 50 miles;
controlled—South & North Alabama RR., Decatur to Montgomery, Ala.,
189 miles; Owensboro & Nashv. RR., 35 miles; Mobile & Montgomery
RR., 180 miles; Nashville Chattanooga A St. Louis Railway system, 508
miles; total operated, 2,378 miles. The general mortgage of 1880 iR for
$20,000,000, of which $9,716,000 is reserved to pay off prior liens.
For the St. Louis & Southeast, roads the $492,200 Trust Company cer¬
tificates were issued, secured by $800,000 of the E. H. A N. bonds;
they are re-deemable any April or October, on 30 days notice. The
Southeastern A St. Louis Railroad, whicli was reorganized after fore¬
closure of the St. Louis A Southeastern, Nov. 16,1880, is leased to the
Louisville & Nashville for 49 years, and the L. & N. issues its bonds as
above, secured on the road, about 210 miles long in Indiana and Illinois.
utlieastern statement and references in Supplement
(See St. Louis &
e prices of stock and monthly earnings have been:
of Dec., 1880.)
Monthly Earnings.
Prices of Stock
164
Apr.. 59V 47H
May. 70V 53*2
June.
62V 51*2
July. 63V 51
Aug.. 56V 52
Sept. 63V 54*2
94i2-x87
-139
164*3-115
133
128
-120
-120
126 -118x
132 -115
160V130
3,455,703
448,690
Tt>r»l gross earn’gs
Op. ex. (incl. taxes).
5,315,326
3,174,806
2,140,520
Net earnings
Receipts—
Net eam’gs,all s’rces
Disbursements—
Rentals for cars, Ac.
Int.on debt (all lines)
Disc’nt on bonds, Ao.
Civ's (LAN., N.AD.)
Adv’sAint.S.AN.Ala.
So. A No-Ala. st’g bds.
$
2,144.332
$
110,160
1,541,085
49,353
233,607
133.860
62,288
15,151
B^iscellaneous
Total disbursements
2,145,503
Def. 1,171
-.
612,593
563,883
655,014
976,229
772.537
827,089
931,911
$
1,267,797
491,874
5,607,599
3,263,356
5,387,596
3,155,824
2,344,243
2,231,772
$
2,327.023
$
2,481,841
149,149
1,519,717
221,140
119,825
1,548,129
236,840
368.727
459,998
140,271
62,666
30,679
67,143
66,713
26,289
Bills A accts. receiv.
Materials.fuel, Ac..
Cash on hand
So. AN. Ala. RR
Nash. A Dec. RR
Li ibilities—
Stock
Bouds
Bills payable
All other dues A ac’ts
Profit and loss
...
466,848
470,786
369,457
148,847
125,479
246,189
575,876
337,788
389,024
9,003,413
9,007,819
16,404,230
652,673
17,370,720
1,386.098
830,604
3,084,680
3,304,765
1,486,534
656,233
507,047
M. A
B’dway.
1, 1897
1**3.890
m
S.
447, 493, 511.
519,’ 650;
V. 31,
382,403, 429, 510, 551, 588,
its earnings, but returns
fot
Pa., to Wil-
1879, owned from Warrenton, Ga», to
by Georgia Railroad Co., which endorses
Maine Central.—Dec. 31,1879, owned from Portland, Me., to Bangor,
Me., 137 miles; branches—Crowley’s Junction to Lewiston, 5 miles;
Bath, Me., to Farmington, Me., 74 miles; Cumberland Junction to
Waterville,73 miles; Watervilleto Skowhegan, 18 miles ; leased—Belfast
A Moosehead Lake Railroad, 34 miles; Dexter A Newport RR., 14 miles;
total operated, 355 miles. This was a consolidation in 1862 of the
Androscoggin A Kennebec Railroad and the Penobscot A Kennebec.
Kennebec and
In August, 1873, the Portland A Kennebec, Somerset A
Leeds A Farmington railroads were also consolidated with
Central. The annual report was published in V. 3C, p. 321.
Earnings—
earnings
Net earnings
Total gross
Total income
32,703,932
922,109
7,326,209
3,123,708
806,995
743,885
460,523
810,018
421,873
456,209
179,158
9,059,361
9,052,950
17,336,770 £0,978,520
896,343
364,312
1,649,291
740,849
3,492,604
3,909,759 i
Balance, surplus
1879.
..
'
...
...
Other interest, etc
-
1878.
...
Disbursements—
Rentals paid
Interest on bonds
1877.
1876.
...$1,726,497 $1,648,175 $1,434,688 $1,508,377
684,416
644,637
593,983
638,398
648,557
650,699
599,957
689,852
Dividends
98,599
the Maine
Comparative statistics for four years are as follows:
69,750
310.844
total operated, 43
Net earnings in 1879 (40 per
purchased under the agreement of lease.
cent of gross), $58,219.
$
*
0
It was opened May. I, 1873, and leased for 25 years from that
date to L. Sh. A Mich. So, RR., at 40 per cent of gross earnings. Capital
stock is $1,373,000. The L. S. A M. S. Co. holds $399,000 or the bonds
FISCAL YEAR.
1879-80.
1878-79.
938,178
1,365,861
1,522,816
.
Jan.
March
A J. New York, 115
0
miles.
3,042,369
2,524,937
Def.43,096 Sur.185,274
959.455
....
J.
Mahoning Coal.—Doc. 31,1879, owned from Andover, O., to Youngs¬
823,120
1,486,262
3,081,062
655,091
.
town, O., 38 miles ; branches to coal mines. 5 miles;
2,050,900
987,554
July, 1898
July, 1901
July, 1891
Q.-J.
A. A O. Portland, 1st Nat. Bank. Oct. 15, 1883
A. A O. Boston. 2d Nat. Bank.
April 1, 1895
M. A N. Manchester and Boston. Nov. 1, 1880
-(V. 30, p. 357, 375.)
$
24,865,648
do
do
do
do
April 1, 1912
1890 to 1891
Oot, 1900
Madison A Portage,.—Aug. 30,1878, owned from Madison, Wis., to Por¬
tage, Wis., 39 miles. The road was opened in 1870. The stook is $394,300.
The road is controlled and operated by the Chicago Milwaukee
A St. Paul, and was sold in foreclosure to that company April 6, 1880.
3,227,643
1,486,094
2,931,027
7
do
do
do
do
A. A O.
J. A J.
J. A J.
.
....
1887
Augusta, Ga. RR. A B.Co
N. Y., Drexel, M, A Co.
Jan., 1902
N. York, Union Trust Co. Jan. 1, 1902
A. A O. Bost.,Nat. B’kCom’rce.
M’nthly Boston, 2d Nat. Bank.
Macon A Augusta.— Dec. 31,
Macon, 76 miles. Road operated
$
Btocks owned
Bonds owned
.
7
1, 1905
to’ Cler¬
3,227,643
24,066.920
.
•
1881
Jan.,
Jan.
....
•
7
6
6 g.
7
6
6
6
6
5
.
•
New York. Treasurer.
Buffalo, Manuf.ATr.Bk.
McKean A Buffalo.—Dec. 31, 1880, owned from Larabee, Pa.,
mont, Pa., 22 miles. In 1880 gross earnings were $73,869 and net $32,043. The stock is $387,600. B. D. Hamlin, President, Smithport, Pa.
7,435,843
4,208,199
23,927,979
•
•
J.
J.
O.
J
Lykens Valley.—Dec. 31,1879, owned from Millersburg,
ITEMS FROM GENERAL BALANCE AT CLOSE OF EACH
Road,equipment, Ac.
Timber A quar.lands.
•
A
J. A
A. A
&
U
J.
liamstown, Pa., 20 miles; branch, 1 mile; total operated, 21 miles. A
coal road leased and operated by the Summit Branch RR. The lease is
for 999 years from March 1, 1866, and the rental is $62,500 per annum.
599,651
1877-78.
7
7
7 g.
7
Q.-J.
181.)
5,135,985
1876-77.
....
2*2
the
1,70?,207
Assets—
N. Y., Central Trust Co. Oct. 1, 1884
N. Y., Drexel. M. A Co. Jan. 1, 1930
March 1, 1921
New York Agency.
March 1, 1980
do
do
$300,000 of the first mortgage bonds. The Georgia Railroad Co. bought
in the road sold at Augusta, March 2, 1880.
(V. 28, p. 501, 579; V. 30,
p. 17, 248, 542.)
3,627,925
2,492,349
Def.145,326
1884
1879 showed gross earnings of $696,631; net earnings, $99,974, and
for 1880 gross earnings, $859,769; net, $259,922. In 1880 the comany sold $3,000,000 of bonds to tho stockholders at 20 cents on
ollar. The annual report was published in V. 32, p. 181. (V. 29, p.
51L, 657; V. 30 p. 434, 466, 519, 675 ; V. 31, p. 95, 152, 205; V. 32, p.
INCOME ACCOUNT.
c-
Balance
1,410,933
1, 1919
Doc.
do
do
Very little information has been givep as to
The annual report for 1879-80, in the Chronicle, Y. 31, p. 403, gave
account of the various acquisitions in that year. The comparative
statistics were as follows, not including Nashv. Chat. & St. Louis, which
is reported separately:
1879-80.
1876-77.
1877-78.
1878-79.
$
1,425,128
3,723,643
458,828
Y., Drexel, M. A Co.
and sold
an
$
April, 1898
1, 1883
Dec., 1901
Nov.
Aug., 1902
do
do
N.
Oct. 15, 1893
Mar. 1,1907
Louisv. N. Albany A Chic.—Dec. 31,1880, owned from Louisville, Ky.,
to Michigan City, Ind., 290 miles. This road was opened in 1852
in foreclosure Dec. 27, 1872, and reorganized without any bonded debt.
surplus, $147,873.
Eaimings—
Passenger
Freight
Mail, express, Ac....
London, Baring Bros.
45, 95, 122, 135,191,217, 283, 306, 328,
652; V. 32, p. 16, 39, 44, 70.)
1000.326
76V 62*9 173*2-155
930,000
89V 76*2 174 -*84
681,811 913,100
89 - 77
89V 84
*
Ex div. of 100 p. c.
The account for last half of 1880 showed net income of $2,301,673;
interest, $1,610,000; dividend 3 per cent., February, 1881, $543,900;
Oct..
Nov..
Dec.,
g.
N. Y., Bank of America
L. A N. Y., D., M. A Co.
N. Y., Drexel, M. A Co.
L. AN. Y., D., M. A Co.
N. Y. and Louisville.
p.
$450,476 $674,455 $808,010
430,638 575,035
421,579
396,083
425,750
504,229
419,246
443,749
527,214
609,578
697,033
g,
M. A N.
A. A O.
M. A 8.
A. A O.
M. A N.
J. A D.
F. A A.
J. A D.
J. A J.
A. A O.
J. A J.
M. A 8.
M. A S.
9
1881.
1880.
1879.
1881. '
8619
-116*2
-
g.
Whom.
169, 170,“192, 273, 357, 384, 408, 420,
/
1880.
g.
g.
Stocks—Last
Dividend.
Payable, and by
....
756,800
633,000
425,000
217,300
1,166,700
1,000,000
5,200,000
500,000
g.
Where
When
Payable
6
600.000
1,486,000
1,000
miles ; Paris, Tenn., to Memphis, Teuu., 259 miles; Junct’n to Glasgow,
11 miles; leased—Nashville & Decatur RR., Nashville, Tenn., to Decatur,
127
146
6
7
7
7
7
6
6
6
6
6
6
3
2,650,000
miles; Pensacola RR.,45miles; Pensac’a A Selma, 70 miles; branches—
Junction to Bardstown, 17 miles; Junction to Livingston, 110 miles;
Junction to Richmond, 34 miles; Louisville to Cecilian Junction, 40
1879.
Jan.. 37 - 37
Feb.. 42 V 35
Mar,. 49 - 41
7
2,270,770
1,600,000
100
12
12
do
do
1,000,000
7,070,000
2,000,000
3,500,000
Cent.
'
1871
1872
1879
1880
1879
1880
1881
1881
109
36
30
71
71
26
Androscoggin Railroad, Bath City loan....
Portland A Kennebec, 1st mort., extended
do
do
consolidated mortgt
2d mort., couv.,
333.000
1,000
1,000
Rate per
$88,000
liOOO
1873
141
210
210
284
284
20
22
77
39
43
304
304
55
Southeast. & St. L. RR
do
do
Louisville New Albany A Chicago—Stock
($1,100,000 loan) A. A. K. RR....
$1,000
1868
392
392
130
83
115
1st mortgage, gold, ou
2d mortgage, gold,
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
Leeds A Farmington Railroad loan
Outstanding
1863
1863
1877
46
Memphis & Clarksville br.. 1st mort., sterling—
Mort. ou Ev. Hen. & .N., gold, (for $2,400,000)...
Debenture bds (see’d by Nash. & C. stock in trust).
Trust Company certificates
1st mortgage on New Orleans A Mobile RR
Amount
Par
Value.
Road. Bonds.
do
1st mortgage,
Size, or
Date
of
Miles
of
Louisville A Nashville—(Continued)—
Lebanon branch, 1st mortgage
Bonds
discovered in tliese Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
[Vol. XXXII.
by giving Immediate notice of any error
Subscribers wilt confer a great favor
For explanation
BONDS.
AND
STOCKS
KA1LK0AD
XXXY1
...
$54,000
502,996
29,814
64,555
$38,487
$54,000
523,410
$54,000
569,381
$54,000
569,179
26.109
3,845
3,726
$47,180 df.$27,269
$21,652
(V. 28, p. 325 ; V. 30, p. 321.)
Manchester A Lawrence.—March 31,1879, owned from Manchester, N.
H., to Methuen (State Line), 22*4 miles; leased, Methuen Branoh of the
Boston A Maine Railroad, 33t miles; total operated, 26 miles. Road in
operation since 1849.
Formerly operated with the Concord RR. as ono
line, on a basis of two-fifths of the joint earnings.
leased at a rental of $11,000 per annum,
fifths interest in the Manchester A North
by Concord RR. Ten per cent dividends are paid.
Methuen branch is
Gross earnings
1*878-9, including amount received from Concord Railroad on account
of joint business, $164,998; net earnings, $100,411. In 1877-8 gross
earnings were $171,777, and net earnings, $100,459. (V. 28, p. 598.)
Manhattan Beach.—This is a consolidation, Feb., 1880, of the New
York A Manhattan Beach Railway Co., the Manhattan Beach Improve¬
ment Co. and the Marine Railway Co. The N. Y. A M. B. leases tho New
York Bay Ridge A Jamaica RR.,and guarantees interest on ite bonds and
stock. Austin Corbin, President, 115 Broadway, New York City. (V. 30,
p. 493.)
February,
Subscribers
explanation of oolunin
on
first page
Miles
headings, &c., see notes
of
of tables.
188
dollar
$100 $13,000,000
2,450,000
1,050,000
2,500,000
3,000,000
4,000,000
300,000
100
1,125,000
750,000
1,000
1,243,400
1861
1861
1866
1870
1873
1866
C...
M. & C
Cincinnati & Baltimore RR., stock
do
do
1st mortgage
Marquette B. & O — 1st mort., I’d gr., M.& O., coup.
New mortgage
Mass. Central—New mort., gold, (for$3,500,000)...
Memphis <£ Charleston—stock
1st mortgage, Ala. & Miss. Div. (extend, in 1880).
2d mortgage
Consol. M.,g. ($1,400,0001st M. on 91 m. inTenn.)
Memphis <£ Little Rk — 1st M. (paid $50,000 yearly)
General mort., land grant, (s. f. $10,000 after ’82)
Memphis Paducah <6 Noi'thern—
Metropolitan Elevated (N. Y. City)—Stock
1st mortgage
2d mortgage (guar, by Manhattan)
Mexican Central (Mexico.)—1st M. ($32,000 p. m.).
Income bonds, convertible, not cumulative
Mexican National Railway (Mexico).—1st M., gold..
Michigan Central— stock
1st mortgage, convertible, sinking fund
<
1st mortgage, convertible.
Consolidated mortgage (for $30,000,000)..*.
1
do
do
1st mort., gnar. by
Michigan Air line mortgage.,.
Michigan Air Line 1st mort.,assumed
....
....
....
30
1869
•
•
•
.
....
1872
1878
1,000
1880
1,000
1,000
25
....
1854
1867
1877
1877
1,000
1,000
1877
250 <feo.
....
....
.
....
.
.
.
100
....
14
.
....
•
....
50
88
117
292
181
272
292
133
133
.
....
1878
1879
1,000
1,000
1,000
1.000
....
1881
1,000
100
..
800
284
284
1857
1857
284
103
1872
1870
10
-
by M. C
Equipment bonds
M. C. bonds, mort. on Grand River Valley RR.
....
.
1870
1874
1,000
1,000
1,000
1,000
1,000
1,000
1879
1.000
'*82
.
.
.
w
lease and operate
capital stock is $13,000,000, and it guarantees 6 per cent per annum on $21,000,000 of
bonds and 10 per ct. on $13,000,000 of stock of those companies before its
own stock can receive anything. An arbitration for determining the basis
of full consolidation of this and the two elevated roads was instituted
in August, 1m80, but failed to receive the approval of the companies.
Mr. F. Ei Worcester, Secretary of the Manhattan Railway Company,
at the request of Mr. Cyrus W. Field, furnished the following approxi¬
mate statement of the business of the elevated roads for the fiscal year
ending September 30. 1880, September being partly estimated. (The
report for the full year was given in V. 31, p. 509. and differed slightly
in the results.) Passengers carried by each line during the year ending
October 1,1880:
Second Avenue—7 months
4,726,779
21,222,436
Third Avenue
Manhattan Elevated.—This is a corporation formed to
the two elevated railroads in New York City. Its
Total Metropolitan
lines
Third Avenue
Ninth Avenue
29,549,515
5,341,940
25,949,215
34,891,455
Total all lines
60,840,670
Allowing for estimated transfers at Chatham Square, the traffic was
-distributed as follows:
Metropolitan lines
24,306,715 I New York lines
36,533,955
The following is an estimate of the business of the Manhattan Com¬
Total New York lines
*
pany
during the year:
Third Avenue
Ninth Avenue
„
Earnings.
$2,205,176
387,489
Expenses.
$1,120,200
307,000
Net Earnings.
$1,084,976
80,489
750.000
1874-596
pal,When Due.
er
?:
When
1,760,000
2,482,200
1,500,000
5,312,725
1,264,000
1,000,000
1,958,000
250,000
Where
&
&
&
&
&
&
&
&
&
&
&
&
A.
A.
N.
J.
O.
N.
J.
D.
N.
J.
D.
S.
dr J.
J. '&
J. &
J. &
M. &
Payable, and by
Whom.
Payable
F.
F.
M.
J.
A.
M.
J.
J.
M.
J.
J.
M.
J.
....
6781
7
188
of any error discovered In these Tables.
Bonds—PrinoT
INTEREST OR DIVIDENDS.
Date Size, or
Amount
Rate
Par
of
Outstanding , Oen
Bonds Value.
44
Elevated—Stock.
Manhattan
Marietta A Cincinnatir- 1st mortgage,
1st mortgage, sterling
2d mortgage
3d mortgage
4th mortgage
Scioto & Hocking Valley RR., 1st mortgage
Balt. Short Line, stock, 8 p. o. guar by M. &
xxxvii
AND BONDS.
favor by giving Immediate notice
will confer a great
DESCRIPTION.
i70r
STOCKS
RAILROAD
1881.]
Aug. 1, 1891
Aug. 1, 1891
Balt., R. Garret dc Sons, May 1, 1896
July 1, 1890
do
do
do
do
April. 19081
May 1, 1896
do
do
Jan., 1879
do
do
Bal t ,Merch. Nat. Bank Deo. 1, 1904
do
do
May 1, 1879
Baltimore, Balt.dcO.RR. Jan. 1, 1900
Boston,‘N. Eng. Tr. Co. June 1,1892
Mar. 1, 1908
do
do
Balt., R. Garret dc Sons.
London.
Boston and New
York.
R*. T.'Wilson
j. N. Y.,
dc Co.
do
do
J.
do
do.
J.
N. N.Y., H.Talmadge dtCo.
do
do
Janu’ry
2,600,000
(1)
Q.-jr.
New York, Office.
J. & J. N.Y., Central Trust Co.
do
do
M. & N.
6,500,000
8,500,000
6,000,000
11,430,000
2,000,000
7.500,000
18,738,204
1,508,500
437,000
8,000,000
1,900,000
200,000
556,000
500,000
F.
A.
A.
M.
J.
M.
A.
M.
Stocks—Last
Dividend.
A. Grand Central, Offioe.
O. N. Y., Union Trust Co.
do
do
O.
do
do
N.
do
do
J.
do
do
dc N.
do
do
dc O.
do
do
& S.
&
dc
&
&
dc
Jan.
1, 1900
Jan.'l,’1*915
Jan. 1, 1885
Jan. 1. 1915
Yearly-’81-’83
July, 1907
Jan. 3,
1881
July, 1908
Nov. 1, 1899
1911
Feb. 1. 1881
Oot. 1,1882
Oot. 1,1882
May 1,1909
Jan, 1,1890
Nov. 1, 1890
April 1, 1883
1909
of the company are mainly of
several years have been as follows:
Net
Gross
ber and mineral lands, and the freights
iron ore. Operations and earnings for
reig
Passenger
Earnings.
Mileage.
Mileage.
Miles.
$718,904
14,081,901
88
1,386,303
680,422
14,236,987
1,208,906
88
675,732
15,478,293
88
1,170,748
566,453
15,816,466
88
1,030,290
552,671
15,124,336
1,130,678
88
Massachusetts Central— Projected road, Boston, Mass., to
field, Mass., 105 miles; branches, 11 miles; total as
miles.
Leased March, 1880, to Boston & Lowell for 25
rental of 25 per cent of gross earnings, and to be
Years.
Earnings.
$311,475
331,788
346,063
299,182
277,157
West Deer¬
projeoted, 116
years, at a
completed as speci¬
fied by Nov. 1, 1881. Stock, $3,500,000. (V. 30, p. 222, 248, 322, 650;
V. 31, p. 454.)
Memphis <£ Charleston—June 30, 1879, owned from Memphis to
Stevenson, Ala., 272 miles; branches—to Somerville 14 miles, to
Florence 5 miles, to Mississippi River 1 mile;
total operated, 292
miles. This road was leased June 2,1877, to the East Tennessee Vir¬
ginia & Georgia Railroad for twenty years from July 1, 1877. The
lessees were to operate the road on their own account and apply the net
earnings to interest and pay the balance, if any, to the lessors. The
lease was terminable on 6 months’ notice and was modified in December,
1879, the M. & C. Company giving up their right to terminate the lease,
and the lessees agreeing to buy the coupons for three years following in
ythem. Of the new
consolidated mortgage, $1,400,000 is secured by the old Tennessee State
lien for $1,736,906, assigned to a trustee, and a sufficient balance of this
mortgage is reserved to take up first and second mortgages. The first
mortgage bonds due May, 1880, were bought up, but not paid off. In
March, 1880, 15,150 shares of stock held, by city of Charleston were
sold to Newell, Duncan & Co., of Nashville, at 38
Earnings for live
years past were
Years.
as
follows:
Eam’gs.
Miles. Gross Eam’gs.
$183,495
$1,063,326
292
$247,300
Second Avenue
$325,733
321,230
1,033,366
292
959,200
Sixth Avenue
1,695,561
317,523
961,350
292
307,445
989,857
$814,794
292
$1,206,500
Total Metropolitan.... $2,021,294
231,038
862,513
292
The total net earnings are thus seen to be $1,980,259; but by the esti¬
(V. 28. p 221J V. 29, p. 18, 382, 608. 631; V. 31, p. 535, 557.)
mated transfers at Chatham Square, the net earnings would be changed
Memphis & Little Rock—Dec. 31, 1879, owned from Little Rock,
by $65,700.
rk.,
Metropolitan lines
$749,094 November, 1872, andArk., 135 miles.sold in foreclosure. on the ooupona
Ark to Hopefleld. the property Default was made The new com¬
New York lines
1,231,165 ^OY
pany also defaulted, and the road was sold and reorganized April 28,
1877. The stock is $1,500,000. in 1878 gross earnings were $443,764;
Total net earnings, all lines
$1,980,259 net earnings, $116,417. The company has a land grant from Congress
After the payment of interest on the bonds, the companies would have
of 1,000,000 acres, of which about 150.000 acres have been certified to
earnings applicable to the payment of dividends on their stocks:
it. The general mortgage carries 8 per cent interest after July, 1882. In
Metropolitan
$205,344 | New York
$636,165 April, 1880, control of this company was purchased by the St. Louis
These were equal to 9 79ioo percent on the stock of the New York Com¬
& Iron Mountain. See V. 30, p. 466. R. K. Dow is President, Little
pany and to 3 16100 per cent on that of the Metropolitan Company.
The actual net earnings of the Manhattan Company for the year were Rock, Ark. (V. 29, p. 657; V. 30, p. 192, 466.)
Memphis Paducah <£• Northern.—This was the Paducah & Memphis road
$1,966,850, and the deficiency to meet fixed charges for the same time from Paducah to Trimble, Tenn., and from Memphis to Covington,—112
was $490,308, against a surplus brought over
October 1, 1879, of miles in all. The road was foreclosed in April, 1877, and reorganized
$301,216.
For full details in regard to the company and its leased lines reference under this name, but no financial statement nas been made. In Decem¬
should be made to the following pages : V. 28, p. 553, 579, 649; V. 29,. ber, 1880, Mr. Smithers was appointed Receiver. (V. 32, p. 672.)
Metropolitan Elevated— Sept. 30, 1879, owned from Rector Street to
p.244, 407,459,511; V. 30, p. 144, 357, 385, 408, 544; V. 31, p. 68, 95,
58th St., 4^ miles, and from 6th Av. and 53d St. to 155th St., 5\ miles;
123,153, 248. 304, 329, 358, 382, 405, 509; V. 32, p. 156.)
Marietta <6 Cincinnati.—Dec. 31, 1879, owned from Cin. & Balt. Junc¬ total operated, 10*4 miles. This was formerly known as the Gilbert Ele¬
tion, O., to Main Line June., O., 157 miles; branches and extensions— vated Road, ana ismow leased, together with the New York Elevated, to
Main Line Junction to Scott’s Landing, 31 miles; Marietta to Belpre, 11 the Manhattan Railway Company, at 10 per cent on the stock and in¬
miles; Portsmouth to Hamden, 55 miles; Blanchester to Hillsboro, 22 terest on the bonds. Mr. Jonathan Sweet, Jr., an assistant of the State
miles; leased—Cin. & Balt. RR., 6 miles; Balt. Short-Line, 30 miles; total Engineer, made a report in January, 1880. He reported that the New
Loan & Improvement Company expended in the construction of
operated, 312 miles. The company made default on the fourth mort¬ York
the Metropolitan Elevated Railway up to September 30,1879, the sum
gage bonds, and the road was placed in the hands of Mr. John King, Jr.,
For $6,500,000 of Manhattan stock, $8,500,000 of
of the Balt. & Ohio, June 27,1877. The Marietta & Cin. Co. guaranteed of $10,828,790.
the stock and bonds of the Baltimore Short-Line Railway, and when in the first mortgage bonds and $6,500,000 of the stock of the Metropoli¬
default on its own bonds this rental of the Baltimore Short-Line and the tan Company, representing the whole property and the only lien upon
rental of the Cincinnati & Baltimore Railroad were paid by order of the it, Mr. Sweet comes to the conclusion that the New York Loan
and Improvement Company paid $9,639,142. See Manhattan, above,
court, as the securities of these roads were mainly held by the Baltimore
Ohio Railroad. The bondholders of the Marietta <fc Cincinnati Co. (V. 28, p. 42, 112, 253, 327, 526. 553, 579; V. 29, p. 42,407, 511, 631,
30, p. 144,169, 357, 385, 409, 519, 544, 589; V. 31, p. 45*
have complained bitterly against the policy of the Baltimore & Ohio Co.
p. 121.)
towards this road (see V. 29, p. 170).
The coupons overdue on 68, 95, 123, 205, 281, 304, 329, 358; V.is32, extend from El Paso south¬
to
Mexican Central (Mexico;.—This road
bonds, and condition of property, are referred to in y. 31, p. 229. The
capital stock is as follows: First preferred, $8,105,600; second pre¬ ward, under the management of Boston capitalists. The company has a
ferred, $4,440,100; common, $1,386,350.
From June 20, 1877, to subsidy from the Mexican Government. The first mortgage bonds were
Ootober 31,1879, the Receiver’s report showed that the net income, issued thus: $5,000 with $1,000 income bond and 40 shares of stock for
•
after deducting taxes and rents during the period stated, was $65,672; $4,500 cash. (V. 31, p. 672 ; V. 32, p. 100.)
Mexican National Railway (Mexico).—This is the road building from
net income year ending June 30,1880, $117,350. The suit for foreclos¬
ure drags slowly on.
(V. 28, p. 401, 452; V. 29, p. 170, 608 ; V. 30, p. Laredo southward, under the Palmer-Sullivan concession, from Mexico,
in which Mr. Jay Gould is interested. Bonds for $1,000 with stock far
43, 169, 567, 589; V. 31, p. 95, 229, 484, 606; V. 32, p. 16,145.)
$1,000 were issued for $1,050 cash. (V. 31, p. 672; V. 32, p. 16.)
Marquette Houghton & Ontonagon.—Dee. 31, 1879, owned from Mar¬
Michigan Central.—Dec. 31,1879, owned from Detroit, Mioh., to Ken¬
quette, Mich., toL’Ansc, 63 miles; branches, 25 miles; total operated,88 sington, Ill., 270 miles ; used jointly with Ills. Central, Kensington to
miles. This was a consolidation Aug. 22,1872, of the Marq. & Ontonagon
Chicago, 14 miles; leased lines—Michigan Air Line, 104 miles; Jackson
Railway and the Houghton & Ontonagon Railway. The company made Lansing & Saginaw, 236 miles; Grand River Valley, 84 miles; Kalar
default on its bonds, and issued the present 6 per cent bonds in exchange
mazoo& South Haven, 40 miles; Joliet & Northern Indiana, 45 miles:
wr prior 8
per cent bonds. The stoek is $2,306,600 common and Niles & New Lisbon, 11 miles; total operated, 804 miles. The leased.
$2,259,026 preferred. The lands amount to 425,000 acres, mostly timTotal New York
$2,592,665
$1,427,200
$1,165,465
$78,433
736,361
.
Net
on
Date Size, or
of
Par
Road. Bonds Value.
Miles
of
headings, Ac., see notes
of tables.
first page
Michigan Central—(Continued i—
Kalamazoo A South Haven, 1st mort.,
do
Grand River Valley, 1st mort., guar. 5
do
do
stock, guar
Detroit A Bay City 1st mortgage, endorsed
do
do
mortgage (not guar M.C.)
First mortgage
Income bonds, class A
do
do
class B
100
19 874-65.
1872-3
1872
116
1865
1870
1871
1866
1,000
1880
1880
1880
1875
1879
1879
1880
1880
1880
Div.
Equipment, 1st mortgage
1
rijf'
Mf
Mr!
\i V
Milwaukee d Northern—1 at mortgage
Mine Hill d Schuylkill Haven—Stock
Mineral Point— 1st mortgage
100
100
786
182
100
786
Missouri Kansas d Texas—Stock
1st m., gold, sink, fund, on road and land (U.P.S.Br)
1st mortgage, gold (Tebo. A Neosho)
Consolidated mortgage, gold, on road and laud...
2d mortgage, income, (for $10,000,000)
Booueville Bridge bonds, gold, guar
786
514,000
1.943,000
400,000
3,000,090
3,500,000
3.000,000
'
*'
1877
1877
1877
1879
1880
1877
1877
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
100
1868
1870
1871-3
1876
1873
1,000
1,000
1,000
Dividend.
12,000 p. m.
976,000
1,001,000
21,405,000
*
2,316,000
'
349,000
14,752,000
7,571,553
956,000
N. IT. Y., Unien Tnurt Oo.
N.
do
d*
do
do
J.
J.
do
do
N.
do
do
N.
do
do
J.
do
do
N.
do
do
S.
do
do
Nor. 1,
Nov. 1.
1889
189©
July 1, 1886
Jan., 1881
May 1,1902-3
<
1902
'-‘S
July 1, 1885
May 1, 1890
Sept. 1, 1891
1886
Bk.'Republic,
O. N.Y., Nat.
April 1,
O.
do
do
April 1,
O.
do
do
April 1,
D. N. Y., 8. 8. Sands A Co. June 1,
8.
do
do
Mar. 1,
A.
do
do
Aug. 1,
A.
do
do
Aug. 1,
Milwaukee and N. Y. Juno 15,
AD.
1910
1950
1950
1895
1909
1909
1910
1890
J. Pliila.M. ii. AS. II. R.Co.
J
J. N.Y., Continental N.Bk,
D.
do
do
do
N.
do
D.
do
do
New York.
D.
O. N. Y., Imp. A Trad. Bk
do
do
A J.
‘i88l
J.
J.
J.
F.
A.
M.
280.000
1,020,000
500 Ac.
1,000
Stocks— Law
Whom.
A
A
A
A
A
A
A
A
A
A
A
A
J.
J.
J.
J.
M.
J.
J.
A.
A
A
A
A
A
A
A
A
(D
4,022,500
320,000
455,000
950,000
50
Where Payable, aod by
A.
A.
A.
J.
M.
F.
F.
J.
750,000
572,000
200,000
230,000
179,000
1,000
When
Middleto’n,N.Y.,lst N.B
1,700,000
1,000
1,000
1,000
Omuls— Princi¬
pal, When due,
Payable
M. A
M* A
J. A
J. A
M. A
M. A
J. A
M. A
M. A
1,000,000
491,200
424,000
1,906,000
1,024,000
Too
S•
J.
D.
A.
O.
N.
N. Y., Union Trust Co.
do
do
do
do
do
do
do
do
Jan. 14,
Jan. 1,
Jan. 1,
Feb. 1,
Jan. 1,
Juno 1,
Dec. 1,
1890
1907
1927
1907
1909
1910
April 1, 1902
July 1, 1902
Jan., 1899
June, 1903
1904-1906
-
April 1.1911
May 1. 1900
u
assisted by the Michigan Central Company, and
prior to 1S72 the Michigan Central was a regular dividend-paying
companv. The Vanderbilt party took possession in June, 1878.
The dividend of February, 1881, was declared on the following state¬
ment of income for 1880, December being partly estimated.
1880.
1879.
$9,100,000
$7,345,700
30,000
5,71
4,624,600
(62 97)
(<
(6296)
$3,370,000
$2,721,100
1,605,000
1,620,000
$1,765,000
Gross earnings
$1,101,100
Operating expenses and taxes
Percentage of earnings
Net earnings
Interest and rentals
Balance.
appropriated as follows: Dividend 8 percent (Aug.,
1880, and Feb., 1881). $1,499,056; construction. $100,000; Jackson acci¬
dent, $70,000; surplus, 95,944. Total, $1,765,000. The last annual
report was published in the Chronicle, V. 28, p. 473. The fiscal year
of the company formerly ended with the month of May; in 1877 it. was
changed so as to end with the month of December, but in the comparisons
Balance for 1890,
1878 and 1877 tho full year in each, case As
given to make the comparison a proper one:
here made between ls79,
OPERATIONS AND FISCAL RESULTS.
1877.
Operations—
Passengers carried
1879.
1878.
1,400,817
79,805,454
1,373,530
79,684,072
2*36 ots.
2-41 ets.
2,937,570
446.708,939
2,786,646
548,053,707
0-982 ets.
0-848 ets.
$
1,881,581
4,387,839
292,015
$
1,918,609
4,646,248
307,237
4,986,988
297,54
Total gross earnings
Operating expenses
6,561,435
4,508,482
6,872,094
4,367,238
7,346,794
4,699,592
Net earnings
Per ot. of op. exp.
2,052,953
2,504,856
2,647,202
08-71
63-55
63-97
Passenger mileage
Rate per passenger per
mile.
Freight (tons) moved
Freight (tons) mileage
Average rate per ton per mile
Earnings—
Passenger
Freight
Mail, express, Ac
to earn’gs.
1,445,655
93,232,430
2-21 ets
3,513,819
721,019,413
0-692 ets
$
2,062,20;:
INCOME ACCOUNT.
1879.
1878.
2,715,836
$
$
184,310
1,431,640
Total income
Disbursements —
Rentals paid
Interest on debt
Dividends
2,647,202
68,634
2,624,520
Net earnings
Interest and dividends
184,310
1,403,472
(4) 749,528 (5^)1,030,601
Chicago A Mich. Lake Shore (worthless)
Balance, surplus
97,840
...
97,453
161,202
Total
2,715,836
2,624,520
Tho Jackson Lansinj A Saginaw debt is assumed by Michigan Central,
ng
which also pays $70,
M>00 per year on tho stock of $1,966,800, one-third
jroceeds of J. L. A S. lands go to pay bonds,
of which it owns; the pi
le
Interest was passed on tn< Detroit and Bay City bonds, not guaranteed,
1
onn
m
mo
Dilr
/vr
November, 1875, and sale was made Feb. I2,'l880, for $3,625,750. (V.
32, p. 205.) Operations and earnings for six years past were as follows:
Gross
Passenger Freight (ton)
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings, d. c.
800
318,366,003 $7,102,286 $2,034,189
803 80,847,889 396,046,422
~
6,850,964 2,048,062
1876-7
803 93,830,515 473,837,807
6,498,127
1,791,685
1877* :..... 803 51,354,147 252,373,503
3,903,514
1,312,499
803
79,684,072 548,053,707
2,504,856
6,872,094
.
803 93,232,430 721,019,413
7,346,794 2,647,202
*
Seven months only.
-(V. 28, p.473, 599 ; V. 29, p. 330,511, G57; V.30,p.491; V.31,p.20,
606, 672; V. 32, p. 205.)
Middletown Unionrilfc d Water Gap.—Oct. 1, 1879, owned from Mid¬
dletown. N. Y., to Unionville, N. J. State Line, 13 miles.
Road opened
June 10, 1868.
is leased to the New Jersey Midland Railroad at a rental
of 7 per cent on stock ($123,850) and interest on bonds. Paid a dividend
©t 2^2 per rent Feb., 1881.
G. Burt, President, Warwick, N. Y.
-
Midland of New Jersey.—Oct. 1, 1880, owned from West End, N. J., to
Union ville (N. \. Line), 72 miles; leased—N. J. State line to Middletown,
N. Y., 13 miles; total operated, 85 miles. The N. J. Midland was placed
in the hands of Receivers March 30,1875. The road was sold in foreclos¬
ure Feb. 1,1880, and reorganized as tin* Midland of New
Jersey. Holders
of third-rnort. bonds, common debts, and stock of the N.J. Mid. RR. were
Allowed to fund the same into income bonds of the new company, viz.:
Common-debt holders und third-mortgage bondholders, for principal of
bonds to receive 50 per cent in income bonds, Class A, and 50 per cent
li
in income bonds, Class B, on payment of 10 per cent assessment, and
stockholders on payment of 15 per cent. Those holders not availing
themselves of this offer were allowed to exchange their common debts
and principal only of tliird-mortirage bonds for income bonds. Class B,
on payment of 5 per cent, and stockholders on payment of 10 per cent
assessment on or before May 1. Interest on $500,000 of first mortgage
bonds 1h 6 per cent; but on $3,000,000 is 5 in 1881 and 1882 and 6 per
cent afterward. The stock has a preference over the income bonds to
extent of 7 per cent per annum, but no mortgage can be put. on the property
ahead of incomes. Gross earnings in 1878 were $839,703; not earnings,
$122,406. In 1879 gross earnings, $745,069, all used up in running ex¬
penses, renewals, Ac. Gross. May 16 to Aug. 31, 1880, $199,881; net,
$65,482. (V. 28, p. 326, 554; V. 29, p. 252,538, 670; V. 30, p. 92
117, 169.222, 248,273,323, 385, 409, 519, 544, 666; V. 31, p. 328
429; V, 32, p. 121, 156.)
Milwaukee Lake Shore d Western.—Oot. 31, 1880, owned from
Milwaukee, Wis., to Wausau, Wis., 210 miles; branches—Hortonville to
Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles, and Eland Junc¬
tion to Birnaimvood, 5 miles ; total operated, 244 miles. It is a consoli¬
dation of the Milwaukee Manitowoc A Green Bay and the Appleton A
New London railroads.
Road was built to Cllu ton ville at tne close
of 1878 and completed to Wausau iu 1880; further extensions in
progress. The company defaulted on the interest of its bonds in Dec.,
1873. and on December 10, 1875, the property was sold in foreclosure
for $2,509,788 and purchased by bondholders. The reorganized com¬
pany lias $5,000,000 preferred stock and $1,000,000 common stock, aiid
funded debt as given above.
In 1879 gross earnings were $315,942;
operating expenses, $187,983; net earnings, $127,959.
(V. 29, p.
226; V. 30, p. 84, 144, 464.)
Milwaukee d Northern— Oct. 1, 1879, owned from Green Bay, Wis.,
to Sehwartzburg, Wis., 104 miles; branch, Menosha. Wis., to Hillhert,
Wis., 16 miles; total operated, 120 miles. Opened Novomher 25, 1872.
The new bonds carry 4 per cent for two years, 5 per cent for one year
and 6 thereafter.
June 5, 1880. foreclosure was made and road sold
for $1,500,000. It is leased to Wisconsin Central at a rental of 37hi
per cent on gross earnings, terminable by either party on 6 months’
notice.
(V. 28, p. 454; V. 30, p. 273, 599, 650; V. 31, p. 588.)
Mine Hill d Schuylkill Haven—Nov. 30, 1879, owned from Schuylkill
Haven. Fa., to Locust Gap, Pa., with branches, 66Lj miles. Road was
leased May 12, 1864, to the Philadelphia <sc Reading Railroad Co. for 999
years at a rental of 8 per cent on the capital stock. There is no debt,
and 7 per oent dividends are paid. Operations not separately reported;
included in lessee’s returns.
$
$‘
2,504,856
119,664
Receipts—
A
r
70,000
1,000
186*8
Minneapolis d St. L.—1st M., Alin, to Merriam June.
1st mortgage, Merriam Junction to Albert Leu ..
1st mortg., Minneapolis to White B. Lake, guar.
1st mortgage, gold, coup. (Al. Lea to Fort Dodge)
Mortgage, gold, ou Southwestern extension
Mississippi d Tennessee— 1st mortgage, series “A”.
1st mortgage, series “ B,” (a second lien)
Rate
Can
$6441,000
1,000
lines have been largely
•; t
Outstanding
500 Ac.
500 Ac.
500 Ac.
1,000
:
Milw. Lake, Shored: West— 1st m., gold, LakeSh.
Northern Division, 1st mortgage
Oshkosh Division, 1st mortgage
Wausau Division, 1st mortgage
$1,000
1,000
1,000
118
118
Jackson, Lansing A Saginaw 1st mort
' coup.
do
1st mort. (N. of Win.), oonv. V may
do Cons. m. on whole lino (300m.)) bo r’g
Middletown Unionvill-e d Water Gap—1st mortgage.
Midland of N. Jersey— Stock (prof, over ino. bonds)
Amount
'
1869
1870
1866
guar
2d mort., guar
do
prou rxxu.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of column
BONDS.
JlKD
favor by giving immediate notice of any error discovered In tfieee faUn,
SvlMerlbers will confer a ureal
rJs
ill
STOCKS
EA1LK0AD
xxxrffi
Mineral Point, Wis.—Sept. 30, 1879, owned from Mineral Point, Wis.,
to Warren, Ill., 33 miles ; branch, Calamine to Platteville, Wis., 18
miles; total operated, 51 miles. Iu 1877-8, gross earnings were $125,-
570; net, $52,300. The stock is $1,200,000.
Detroit, Mich. (V. 31, p. 535.)
Luther Beecher, President,
Minneapolis d St. Louis.—June 30, 1880, owned from Minneapolis to
Dodge, 102 milee; leased, Min¬
neapolis to White Bear Lake, 15 miles; White Bear Lake to Duluth, 143
miles; total operated, 368 miles. Conneots with the Cedar Rapids A No.
Albert Lea, 108 miles; Albert Lea to Fort
Railway.
Road was completed in 1877. Gross earnings for year 1878-9,
$471,344; net earnings, $186,640. The bonds of the $1,100,000
mort. (1877), numbered from 1.101 to 1,400, for $500 each ($150,000 in
all), areguaranteed by the Burlington Cedar Rapids A Northern Rail¬
road. The bonds on the 15 miles were issued by the Minneapolis A
Duluth Railroad before it was absorbed by this company. Stock Issued,
$2,000,000. The projected Southwestern extension runs from Fort
Dodge, la., towards KansaH City, Mo., 325 miles, with a branch to
Council Bluffs, 140 miles. (V. 30, p. 248, 4351; V. 31, p. 328; V. 32, p.
were
121.)
Mississippi d Tennessee.—September 30, 1880, owned from Grenada,
Miss., to Memphis, Term., 100 miles. Capital stock, $825,400. Debt
was consolidated as above in 1877.
Earnings for five years past wero
as
follows;
Net
Gross
Years.
1875-6
Earnings.
$241,798
212,768
176,935
373,687
100
100
100
100
Earnings.
$-169,272
433,4-10
378,780
Miles.
100
169,955
269,379
525,489
587.)
p. 95; V. 31, p. 2
MissiruH Kansas d Texas.—Dec. 31,1879, owned from Hannibal, Mo.,
to Denison, Texas. 576 miles; branches—Parsons, Kan., to Junction City,
-(V. 28,
.
Ran., 157 miles; Holden (Mo. Pac. RR.) to Paola, Kan., 54 miles;
Deni¬
Tex., to Whitcwriglit,Tex., 21 miles; total operated, 808 miles. In
Feb., 1880, the 54 miles, Holden to Paola, was leased to Mo. Pac. This
son,
company was
organized April, 1870, and embraces by consolidation tho
Union Pacific—Bout hem Branch, tho Tebo A Neosho and other minor
companies. In 1874 the Hannibal A Central Missouri was purchased.
This company made default on their consolidated bonds in Dec., 1873,
and was operated by a receiver from Dec. 30,1874, to July 1,1876. when
the Union Trust Company of New York took possession. The election
of Mr. Gould as President took place in Junuary, 1880.
On Dee. 2,
February,
RAILROAD
1881.]
Sab»ei1ber> will confer a great flavor
explanation of column
on
Missouri Kansas dt
Consol, mortgage
Date
of
of
Road. Bonds
tables.
(for $45,000,000)
•
5781
1st mortgage, gold
2d mortgage (sinking
(authorized, $30,000,000).
fund $50,000 per annum)..
Real estate (depot) bonds
Debt to St. Louis County (no
3d m nrtgage
bonds)
Valuo.
•
•
•
1870
1872
1871
1872
•
•
•
100
500 Ac.
....
1870
1,000
1*874
1,000
1,000
’*7*6
to Central R. R. Ga
....
186
506
506
506
506
506
506
in gold
not cumulative
do
do
do
....
40
137
84
.
84
,,
Convertible bonds
Too
1,000
1,000
1,000
100
100
....
1879
1879
1879
1879
1879
1880
1,000
....
....
....
1864
1866
Var’us
.
.
....
....
50
250
500 Ac.
1,000
Booneville Bridge Co.
and proportion for sinking
fund. Nov. 17, 1880, stockholders voted to increase stock by $25,000,000, to make extensions to Rio Grande River and City of Mexico and
Prices of stock and
Mar.
Apr.
May
J’no.
July
Aug.
Sept
Oct..
Nov.
Dec.
-
-
■Prices of StocK.
1880.
1879.
53s
6
9 11
7*2
17«89%
I8I4- 13%
151s- 11%
165s- 14*2
17 - 13%
21%- 13%
30%- 19
35%- 20
63t-
335q- 27%
49%48 %46 %453s35%38 %393s39 %37 %39 %41 %47%-
,
32
42
41%
-
-
33%
-
28%
28%
33%
35
30%
35
36%
36%
-
-
-
-
-
-
-
The M. K. A T. bonds and U. P. S. Br. bonds
80-81. The annual report was published in
five years past were as follows:
1881.
$
327,973
355,508
348,275
274,626
307,052
325,167
350,700
369,065
407,549
371,079
358,672
draw five per cent in 1879,
V. 30, p. 295. Earnings for
Gross Earn’gs.
Milos.
786
786
786
786 786
Years.
Monthly Earnings.
1881.
1880.
48 - 40% $367,327
Net Proceeds.
pal,^When Due.
Payable, and by
N. Y., Union Trust Oo.
do
do
do
do
New York, Ofiioe.
M. A N.
M. A N.
Q.-J.
7
7
« g.
6 g.
F. A A. N.Y., Imp.AXr. Nat. Bk.
do
J. A J. ■do
do
do
M. A N.
St. Louis.
mont’ly
M. A N. N.Y., Imp. A Tr. Nat. Bk
New York Agency.
M. A N.
do
do
A. A 0.
7
A. A 0. N.
*6*
J.
A*
Y., B’k of Commoroe.
Stocks- Last
Dividend-
May 1,1890
May 1, 1892
Jari. 3, 1881
Aug., 1888
July, 1891
May 1, 1892
Feb., 1885
Nov., 1920
1, 1893
Oct.
1, 1889
Oct.
1894
J.
*
7
J. A J. N. Y., Nat. City Bank.
do
do
J. A I).
F. A A. N. Y., Drexel, M. A Co.
8
4
2ia
6 g.
7
7
7
7
6
1,850,000
600,000
.
to the extinguishment of the Indian title. The
is a separate organization, and earns interest
Ark. See V. 31, pages indexed below.
monthly earnings have been:
1*2
6 g.
7
8
5,300,000
1880, tlie company took possession of its property, paying the overdue
coupons. The company had a land grant from the United States esti¬
mated at 817,000 acres -and from the State of Kansas 125,000 acres.
There is also a grant in the Indian Territory of 3,622,400 acres subject
Fort Smith,
•
1,000
1,000
43
Montpelier <i Wells River—Stock
Morris dt Essex—Stock
1st mortgage, sinking fund
Jan.
Feb.
Bonds— Princi¬
whom.
....
7 g.
7 g.
32,000
12,419,800
7,000,000
2,573,000
800,000
700,000
4,500,000
(D
250,000
409,000
479,000
650,000
348,000
1,200,000
1,050,000
450,000
1,124,000
300,000
800,000
3,022,517
5,320,600
7,000,000
•
1869
1877
Payable
....
1,000
21
56
56
85
Cent.
Where
When
$768,000
....
1868
Rate per
(?)
....
15%
Ohio—Stock
1878.
4
3%
3%
3%234
3V
2%
43s3
21$
3%2i$
3 2%
o
2%2is
4%47s- 31*2
7%- 4%
5
7is-
Amount
Outstanding
$1,000
1,000
bonds
Mobile <£ Girard—'Id mort., end.*by Cent. Ga. RR..
2d mortgage
or
Par
1876
1880
1873
299
708
Grand Trunk—Stock
New mortgage, principle payable
1st pref. inc. and s. f. debentures,
2d ‘
do
do
do
3d
do
4th
do
do
Cairo extension
•
•
....
1st mortgage
Mobile dt
•
....
Consol. M.^ gold, for $30,000,000 (coup, or rcg.)..
Carondelet Branch, 1st mortgage
Missouri River RR., 1st mort
Leavenworth Ateh. A N. W., 1st mort., guar
St. Louis A Lexington, 1st mort
Kansas City A Eastern, 1st mort
St. Louis Kansas A Arizona, 1st mort
Lexington A Southern, 1st mort
3d niortg. bonds issued
Mobile dt Monty.—Stock
•
70
70
708
283
283
Hannibal A Central Missouri, 1st mortgage
do
' 2d mortgage
do
Mobile <& Alabama
Size,
Texas—( Continued)—
Missouri Pacific— Stock,
xxxii
BONDS
by giving: Immediate notice of any error discovered In these Tables.
Milos
headings, Ac., see notes
first page of
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
900,000
600,000
800,000
15,000,000
5,000,000
J.
Yearly.
Yearly
Yearly.
J.
VJ
7
3,000,000
284,000
s
7
A
J.
....
3%
n
Mobile and New York.
New York City.
do
do
do
do
do
do
do do
Boston.
N. Y., Del., Lack A W.
do
do
do
do
do
do
A D.
Yearly.
J.
M
F.
J.
A
A
A
&
J.
N.
A.
J.
Jam, 1889
June, 1897
Feb.. 2, 1880
1, 1927
Doc.
1892
Feb., 1880
Jan. 1, 1881
May 1, 1914
Aug. 1, 1891
Jan. 1, 1900
to Mobile, Ala., 179 miles. Default was made on the bonds in 1873 and
the road was sold in foreclosure Nov. 16,1874, and purchased by bond¬
holders. who organized this company on a stock basis. The road has done
well, and in Nov., 1879, $1,550,000 or the stock owned in this country was
purchased by parties in the interest of the Louisville A Nashville Rail¬
road at 80, giving the control to that company. The old mortgage debt
yet out is $275,000. Gross earnings in 1879, $704,580; not, $228,713.
-(V. 28, p. 327; V. 29, p. 608; V. 30, p. 169, 247.)
Mobile <£■ Ohio.—June 30, 1880, owned from Mobile, Ala., to Columbus,
Ky., 472 miles; branches—Arteeia, Miss..to Columbus, Miss., 14 miles;
Artcsia, Miss., to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen,
Miss., 9 miles; total operated, 506 miles. In 1880 extension to Cairo, Ill.,
20 miles, to be built. The company funded coupons from their bonds in
Feb., 1867, and resumed payment of interest May, 1870. In 1872 the 2d
mortgage bonds were issued to pay floating debt. A dofault was made
May 1, 1874, and two trustees and receivers took possession May 8,
1875. Tho stock and bonds of the company were placed on the N. Y.
Stock Exchange list in July, 1879, and from the statement then sub¬
mitted the following revised description is taken. The now liens issued
and to be issued areas follows: First.—New mortgage to tho Farmers'
Loan & Trust Co., of New York, as trustees, upon the main line, excluding
branches, to secure bonds in the aggregate amounting to $7,000,000,
dated June 1, 1879, due, in gold coin of the United States, Dec. I,
1927, interest at 6 per cent per annum in lawful money, represented
by coupons, payable June 1 and Dec. 1 each year, in tho cities of New
York and Mobile. The whole amount of these bonds will bo issued at
once.
Second.—Deed of trust to the Farmers’ Loan A Trust Co., as trus¬
tees, to secure four series of preferred income and sinking fluid deben¬
tures. which will be issued only to the extent required to moot the out¬
$1,224,560 standing liabilities of the Mob. A O. RR. Co., after deducting the amount
1,215,999 of such liabilities provided for in and by the new mortgage of $7,000,000.
952,211 These debentures are secured by a deed of trust to the Farmers’ Loan
1878..
428,833 A Trust Company, covering specifically the lands (including over
1879
1,140,439 1,150,000 acres of‘laud donated by tho United States) and other prop¬
—(V. 28, p. 146, 173, 298 ; V. 29, p. 119, 170, 278, 302, 358, 658 ; V. 30, erty not necessary for the operation of tho road.
Interest af the
rate of 7 per cent per annum, or in multiples of 1 per cent, but
p. 67. 117, 295, 556. 567, 650; Y. 31, p. 382, 405, 429, 484, 510, 535,
not exceeding 7 per cent in any one year on these debentures,
5§8, 606; Y. 32, p. 101, 183, 205.)
is payable annually upon each series in the order of their priority,
Missouri Pacific.—This was a consolidation in August, 1880, embracing but only if earned in the preceding fiscal year, and is non-cumu589 miles, made up of the Missouri Pacific, St. Louis & Lexington, Kan¬ lative. The holders of debentures have one vote for each $100, and oath
sas City A Eastern and Lexington A Southern in Missouri; and the St.
year they instructed the Farmers’ L. A T. Co., trustees, how to vote at
Louis Kansas A Arizona and Kansas City Leavenworth & Atchison in the stockholders’ meetings upon the majority of the stock of the Mobile A
the State of Kansas, 708 miles in all. See V. 31, p. 205.
Ohio Railroad Company, the power to vote upon which is irrevocably
Tlio Missouri Pacific, prior to this consolidation, was as follows : From with the Farmers’ Loan & Trust Compauv, until the extinguishment of
St. Louis, Mo., to State Line of Kansas, 283 miles; branch line, Kirk¬ said debentures. The foregoing bonds a»<l debentures are issued in for¬
wood, Mo., to Carondelet, Mo., 13 miles; leased lines, 127 miles, as bearance, extension and compromise of the present indebtedness of the
follows: Osage Valley & Southern Kansas, 25 miles; St. Louis & Lex¬ Mobile A Ohio Railroad, the entire amount of which (excepting less than
ington, 55 miles; Missouri River R. R., 25 miles; Leavenworth Atchison 1 per cent of the first liens and a very limited percentage of the inferior
A Northwestern, 22 miles; total operated in 1378 423 miles.
In liens), with the power and authority to avail of the decrees of th«
Feb., 1880, leased also St. Jo. A Atchison branch of Hannibal & St. Jo. Circuit Court of the United States, adjusting and establishing said in¬
RR., 19 miles; and the branch, Holden to Paola, Kan., which, with the debtedness, are assigned and transferred to the Farmers' Loan & Trust
St. L. Kans. A Arizona, built by this road,makes 112 miles, Holden to Le Company, as trustees, for the further security of the bonds and deben¬
Roy. The Pacific RR. of Mo. was sold in foreclosure of the 3d mortgage tures herein referred to. The capital stock authorized by the charter is
Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison $10,000,000, or 100,000 shares of $100 each, of which there have been
and others, and this company was organized with a stock of $800,000.
issued 53,206 shares. The debentures are seeured by a deed of trust of tho
The validity of the sale has been contested, but the U. S. Supreme Court land, about 1,150,000 acres, and receive 7 per eeut, if earned. In August,
decided in favor of the present company. In 1879 the gross earnings 1880, 7 per- cent was declared on 1st preferred incomes, payable 3*3
wore reported at $3,922,893; net earniugs, $1,783,734.
Gross earn¬ September 1, 1880, and 3% February 1, 1881 ; also 1 per cent on 2d
$2,904,925
3,217,278
3,197,321
2,981,681
3,344,291
.
■ December 1, 1880.
ings, 1880, $5,325,341; net, $2,476,370. (Y. 32. p. 183.)
incomes,
teraber
In Oct., 1880, quarterly dividends at the rate of 1 % p. c. were begun. The
al
The last annual report was published in the Chronicle of Sep
une 30
consolidated mortgage above is for $30,000,000—trustees John F. Dillon 4, 1880, V. 31 p. 257.
Operations for five years ending Ji
and Edward C. Adams. The bonds are issued to retire the outstanding were as follows:
,
bonds of the consolidated company,
as
above given, amounting to
$20,184,000. The remaining $9,816,000 are to be issued as may be
required for finishing, constructing, purchase, acquisition, Ac. (V. 28,
p. 18; V. 29, p. 293,433, 538; V. 30, p. 192, 222, 273, 322, 409. 544.
650; V. 31, p. 123, 151, 205 ; V. 31, p. 328, 382, 454, 583, 606; V. 32,
p. 183.)
Mobile <6 Ala. Grand Trunk— Doc.
31,1879, owned from Mobile, Ala.,
to
Bigbee Bridge, 59 miles. Thestock was $450,000; 1st mortgage bonds,
$1,124,000. City Mobile bonds donated $750,000. The company has
just been reorganized (see V. 30, p. 222). The plan proposed was to
issue for the first mortgage bonds 6 per cent second mortgage bonds for
75 per cent of their face and 25 per cent in stock for the balance; then
to issue a new 6 per cent mortgage for $3,000,000 upon the entire line
of 232 miles, which it is estimated would complete the road. Francis B.
Clark, President, Mobile, Ala. (V. 30, p 222.)
Mobile (6 Girard.—May 31,1879, owned from Columbus, Oa., to Troy,
Ala., 84 miles. Common stock, $987,164; preferred stock, $279,745, and
$12,130 Pike County stock. Seeoiid mortgage bonds are endorsed by
Central RR. of Ga., which company holds also for advances made the 4
per cent third mortgage bonds. Gross earnings in 1878-9 were $195,907
earnings, $60,335. In 1879-80 gross earnings $228,039; net,
$78,704.
(Vol?29, p.
40.)
Mobile <6 Montgomery.—Dec. 31,1879,
owned from Montgomery, Ala.,
Years.
1875-6...
1876-7...
1877-8.
1878-9...
1879-80..
After
v
oo
Miles.
529
529
529
506
..
..
506
Passenger
Mileage.
9,044,895
9,004,770
8,715,315
6,968,900
10,468,635
deducting all expenses,
n
ai
ion
a.xn* V. 30
Montpelier & Wells Hirer.—Dec.
Gross
Freight (ton)
Earnings.
Mileage.
52,319.056 $1,984,536
2,072,634
61,388,247
2,098,510
70,706,581
1,830,620
58.339,703
2,284,615
80,406,765
♦Net
Earnings.
$211,515
163,226
376,321
379,468
824,966
:
including extraordinary.
OOO
.4 0 4
t
ko
n
w
KKO \
31,1879, owned from Montpelier
U»
miles. Reorganized January, 1877. D. R. Shortwell,
President. East Cambridge, Mass. Annual report. Y. 30. p. 272. Gross
earnings in 1879, $84,520; net, $19,558, against $19,681 in
(V
30, p. i69, 272 )
Wells River. Vt.. 38
18/8.
Morris <£• Esse*.—Dec. 31,1879, owned from Hoboken. N. J., to Phillips
burg, N. J., 84 miles; branch, Denville, N. J., via Mor. A Es.
Hoboken, N. J., 34 miles; total operated. 118 miles. In 1868 this
wns leased in perpetuity to the Del. Lack. A W. RR.
The lessees assume
all liabilities of the Mor. A Essex RR. and pay 7 per cent per annum on
Tunnel, to
road
also agreed to pay 8 per oent in case the
cent on its stock m any one year after the
1874. Earniugs for five years past were as fallows:
the capital stock, and they
Morris A Essex earns 10 per
year
KAILROAD
xl
Subscribers will confer a great favor
on
column headings, &c., see notes
first page
by giving immediate notice
of tables.
Morris d Essex—(Continued)—
Gen. m. * 1st on Boonton Br. &c. (guar. D.L.&W.)
Consol, mort. (for $25,000,000) guar. D. L. & W..
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
34
137
Special real estate mortgage
Nashville Chattanooga d St. Louis—Stock
Bonds to U. S. Government, 2d mort
Bonds endorsed by Tenn
New 1st mort. (for $6,800,000) coup
Bonds of N. C.& St. L., 1st mort. on two branches
do
do
1st mort.on Tenn. &Pac....
do
do
for Jasper Branch
18759-60
Nashville d Decatur—Stook, guar’d 6 p. c. by L. & N.
1st mort. guar. s.
f
Columbus.-1st mort. gold
Naugatuck—Stock.
Nesquehoning Valley—Stock
1*871
1857
1873
1877
Connecticut—Income bonds...
Branch * Sea Shore, 1st mort., guar
1876
1877
..
12
*
..
1878
..
1879
..
1817867-49-06590.
250,000
605,000
525,000
2,460,000
*
100
1879
1870
*30
188*0
78
1879
1869
1*86*5
Net
Earnings.
'
1,000
275,000
500 &c.
600
1,449,600
200,000
1,000
100
100 &c. 1
Div’d
p.
ct.
7
7
7
7
7
1,184,723
1,222,507
782,328
1,559,354
1,500,000
300,000
N. Y., Del.
do
do
Y., Drexel, M. & Co.
Nashville, Co.’s Office.
N. Y., Bank of America.
N.
Bridgeport, Conn.
Stocks—Last
Dividend.
Oct., 1901
June 1,1915
1. 1880*
Aug. 1. 1893
Nov.
April 1, 18801
1881 and ’91
1891 to 1886
July 1, 1913
Jan. 1. 1917
Jan. 1, 1917
Feb. 1, 1907
Dec., 1880
July 1, 1900
Oct., 1887
April 1, 1910
Jan. 3, 1881
Philadelphia, Co.’s office Mar. 1. 1881
N.Y., Phelps,Stokes&Co Oct. 1, 1904
Co,
Noy. 1. 1889
N.Y.,OfficeN.Y.L.E &W
Newcastle, Penn.
Various N. Haven, Mech. Bank.
,
6 & 7
'
Lack. & W.
Boston & Nashua.
Bost. .Parker&St’ckpole.
New York & Nashville.
N. Y., V. K. Stevenson.
N. Y., Metrop. Nat. Bk.
do
do
do
do
do
do
do
do
Q.-J.
0)
7
3
7
6
pal,When Due.
Payable, and by
N. N. Y.j Union Trust
*7*
100,000
260,000
1,200,000
M.’&
7 g.
1,300,000
1,000
1,000
1,000
$1,475,714
2,710,117
250,000
800,009
68&70 500 &C.
Earnings.
$4,340,351
3,515,097
566; V. 32, p. 183.)
720,000
*50
*17
Is'
1,300.000
1,164,500
100
3,452,319
3,368,441
178,000
600,000
2,000,000
500
500 <fcc.
100
50
500 &c.
Gross
..
1,955,000
1,000
1*869
6
2
4
6
7
6
6
8
3
7
6 g.
300,000
90,000
1,642,000
*
i’oo
New London Northern—Stock
let mortgage bonds
Miles.
121
121
121
121
121
Bonds—Princi¬
whom.
M.&N.
F. & A.
A. & O.
J. & D.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & I>.
J. & J.
A. & O.
A. & O.
J. & J.
M. & S.
3^2
6 g- A. & O.
6
3*2
320,000
1,000
1*869
13
127
92
guar.)
A. & O.
J. & D.
6,848,899
1,000,000
898,000
4,902,000
10,000
1,000
1,000
1*879
94
5
44
Payable
200,000
V, 6‘do
1880
Cent.
Where
When
5,050,000
1,025,000
800,000
1,000
1,000
1867
Rate per
$4,991,000
’ioo
15
New Jersey d New York— 1st mort. (reorganization)
N. J. Southern— 1st mort. (int. guar, by N.Y.& L.B.)
Years.
1875
of any error discovered In these Tables,
7
7
7
Outstanding
*
1*870
122
122
93
57
Amount
$1,000
1,000
1877
712
122
1612
Newburgd New York—1st mortgage
New Castle & Beavei' Valley—Stock
New Haven d Derby—1st & 2d mortgages...;
New Haven d Northamp. (canal RR.)—Stock
Mortgage bonds, coupon
Bonds convertible, tax free, coupon
Holyoke* W.,leased, 1stM.<$60,000 6s, ’98
Consol, sinking fund and mort. bonds
ixmg
1*873
345
340
151
340
75
80
Nevada Central—1st mort., gold (sink, f., $20,000)
Newark d Hudson— 1st mortgage
Newark Somerset d Strailsv., O— 1st mortgage
Newburg Dutchess d
1871
1875
54
Nashua d Lowellr—Stock..*
Bonds for freight depot (gold)
2d mortgage
Natchei: JttCRSMl d
[Vol. XXXII.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of
AND BONDS
STOCKS
6
6
6
7
l112
6
New Haven,
do
J. *&*J.
do
A. & O.
do
A. & 0.
do
A. & 0.
M. & N. Jersey City, Co.’s Office.
J. & J. N. Y., Cent.of N.J.Offlce
New York.
J. & D.
New London, Office.
Q.-J.
A. & 0. N. Y., B’k of N. America
Newark Som. d• Straitsv.—Se>yt.
Jan., 1881
1898 to 1900
Oct., 1873
Jan., 1899
April, 1882
Apr.1,’91 &’98'
April 1, 1909*
1910
"July 15, 1899
Dec. 1, 1899
Jan. 1, 1881
Sept., 1885
30,1879, owijed from Newark,
O., to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mansf. & Newark for 14 years from Jan. 1, 1872. Operated by the Balt.
& Ohio, which pays 30 per cent on gross earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common, $783,900, and preferred, $189,550. Gross earnings in
1877-8, $135,295; net, $50,749 ; deficit to lessee, $5,251.
Conn.—Sept. 30, 4879, owned from Dutchess June.
N. Y., 59 miles. The Dutchess & Col. RR. was sold
Nashua d Lowell.—March 31, 1880, owned from Lowell, Mass., to
Nashua, N. H., 15 miles; leased—Stony Brook RR. 13 miles; Wilton RR., Aug. 5. 1876, and this company was organized Jan. 8, 1877, by the pur¬
chasing bondholders. In 1877-8 gross earnings were $135,823; net,
16 miles; "Peterborough RR., 10 miles; total operated, 54 miles.
The road was operated with the Boston & Lowell till Oct. 1, 1878. In $5,921; in 1878-9, gross, $164,488; net, $18,546; in 1879-80, gross,
November, 1880, a lease for 100 years to the Boston & Lowell was $177,879 ; net, $17,732. The common stock is $172,000 and preferred
stock $715,350. John S. Schultze, President, Moor’s Mills, N. Y.
mode. Operations and earnings for five years past were as follows:
Div.
Net
Newburg d N. Y — Oct. 1, 1879, owned from Vail’s Gate Junction to
Gross
Freight (ton)
Passenger
Earn’gs. p.c. Greenwood Junction, N. Y., 13 miles. Leased October 5, 1866, to Erie
Miles.
Earnings.
Mileage.
Mileage.
Years.
RR., at $17,500 per aumun, and operated now by N. Y. Lake E. & West.
54
7,146,923 $502,325 $133,721 2
10,995,583
1875-6....
—(V. 28, p. 451 ; V. 30,
p.
Newb. Dutchess J
N. Y., to Millerton,
r
..
7,119,318
54
11,049,587
1876-7....
54
7,526,444
10,832,906
1877-8....
7,733,360
54
6,610,125
1878-9...
9,281,579
54
6,224,991
1879-80
-(V. 29, p. 459; V. 31, p. 67, 482, 509; V 32,
..
..
..
..
..
506,047
481,358
377,006
391,923
p.
142,063
140,306
168,793
4
160,152
0*2
<1
dd
6
16, 43.)
Louis.—June 30, 1880, owned from ChatHickman, Ky., 321 miles; branches—Wartracc, Tenn.,
to Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to Victoria, Tenn., 19
miles; proprietary lines—Nashv. to Lebanon, 30 miles; McMinnville to
Manchester, 35 miles; Decherd to Fayettev., 40 miles; total, 453 miles.
In 1872 this company purchased the Nashv. & North. RR. from the
State of Tennessee and in 1877 the Tenn. & Pacific RR.
In 1879 tliey
acquired the St. Louis & Southeastern and Owensboro & Nashville. The
company in 1879-80 had formed connections for a through route
from 8t. Louis, Mo., to Savannah, Ga., being in active competition
■with the Louisville & Nashville Railroad Company. At this juncture the
officers of the last-named company purchased a controlling interest in
the stock of the Nashville Chattanooga & St. Louis Company.
(See
Chronicle, V. 30, p. 91.) The debt to the United States and the bonds
■endorsed by Tennessee are secured by deposit in trust of this company's
first mortgage bonds. Earnings for five years ending June 30 were as
Nashville Chattanooga d St.
\ inooga,Tenn., to
Nominal stock, $500,000.
New Castle dBeaver Val
Homewood, Pa.,
Leased to
99 years at a rental of 40 per cent on gross
earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1878, 24 per cent in dividends was paid; in 1879,13 per cent. Gross
earnings in 1879, $257,815; rental received, $103,126.
New Haven d Derby.—Sept. 30, 1880, owned from New Haven, Conn.,,
to Ansonia, Conn., 13 miles.
Road opened Aug. 9, 1871. Capital stock
is $447,100. New Haven City guarantees the $225,000 second mort¬
gage bonds. Gross earnings in 1878-9, $106,478; net, $52,535; gross
earnings in 1879-80, $122,886; net, $48,776.
New Haven dNorthampton.—Sept. 30,1880, owned from New Haven,
Conn., to Bardwell’8 Ferry, Troy & Greenfield RR., 95 miles; branches—
Fai/nington, Conn., to New Hartford, Conn., 14 miles ; Simsbury, Conn.,
to Tariffville, Conn., 1 mile; South Deerfield to Turner’s Falls, 10 miles;
Northampton to Williamsburg, 8 miles; leased, Holyoke & Westfield
RR., 17 miles; total operated, 144 miles. This company has a per¬
petual’ lease of the Holyoke & Westfield Railroad at 50 per cent of the
—
Dec. 31.1879, owned from
to New Castle, Pa., 15 miles.
Pittsb. Ft. W. & Chic. RR. for
Road in operation since 1860.
Si’oss earnings, earningsminimum years past were asyear is guaranteed,
perations and but a
for four of $17,600 per follows:
Net
Gross
Freight (ton)
Passenger
Earnings. Earnings.
Mileage.
Mileage.
Miles.
Years.
Earnings.
Earnings,
11,719,954 $544,452 $191,532
4,516,618
206,547
548,200
$728,176
341
$1,751,600
3
11,889,310
5,455,832
222,207
588,280
1,632,277
682,302
3
341
14,942,798
4,727,857
276,287
694,506
454
1,871,809
767,995
2
15,355,594
5,644,750
454
1,736,723
715,135
3
—(V. 28, p. 40, 401; V. 30, p. 43; V. 32, p. 99.)
454
2.099,155
914,407
3^
New Jersey d New York— November, 1880, owned from Jersey City (Erie
(V. 28,p. 554; V. 29, p. 224,407.511, 631, 658; V. 30, p. 91, 222, 248,
Junction), N. J., to Stony Point, N. Y., 30 miles; leased, Nanuet & New
357, 675; V, 31, p. 328, 380, 429, 588 ; V. 32, p. 39.)
City RR., 5 miles; total operated, 35 miles. Organized Sept. 4, 1874, by
Nashville d Decatur.—June 30,1879, owned from Nashville, Tenn., to consolidation of the Hackensack & N. Y. RR. and the Hackensack &
Decatur, Ala., 122 miles. The road was leased May 4, 1871, to the L. N. Y. Extension Railroad; Receiver appointed in 1877. The Hackensack
& N. RR. for 30 years from July 1, 1872, at a rental of 6 per cent per & New York Railroad was sold in foreclosure August 14, 1878, and was
annum on the stock, to begin after the completion of the So. & North Ala.
leased in perpetuity to this company, and now forms part of the main
RR., and the first dividend under this arrangement was paid April 1, line. Reorganized in 1880, with above debt.
Gross earnings four
1875. The lessee assumed all the debt of the Nashville &- Decatur Co.
months of 1880, $67,590; net, $7,344, (V. 29, p.459, 538; V. 30, p*
Notches Jackson d Columbus.—February, 1881, built from Natchez, 248, 385, 566.)
Neio Jersey Southern.—Dec. 31,1879, owned from Red Bank, N. J., to
Miss., beyond Martin, Miss., 50 miles. In progress to Jackson and
bonds sold in New York by Britton & Burr.
Atsioii, N. J.,54 miles; branches—Eatontown to Long Branch, 5 miles;
Naugatuck.—Sept. 30, 1879, owned from Naugatuck Junction to Atsion to Atco, 9 miles; Manchester to Barnegat, 22 miles; other roads:
Winsted, Conn., 56*2 miles; leased, Watertown & Waterbury RR., 4*2 Sandy Hook to Long Branch, 11 miles; Beach Track, 2 miles;
miles; total operated, 61 miles. From Naugatuck Junction Bridgeport Bayside, 46 miles; total operated, 150 miles. The property was sold
is reached by use of the track of the New York New Haven & Hart¬ in foreclosure March 31,1879 (see Chronicle, V. 28, p. 352), and the
ford Company. Has no bonded or floating debt. Operations and earn¬ present company was organized July 25, 1879, with Judge
receiver of the Central of New Jersey, as president. The capital stock
ings for four years past were as follows :
~.
The property is subject to $120,000 on the Tom’s
Div. is $
Net
Gross
Passenger Freight (ton)
River Railroad and $200,000 on the Long Branch & Sea Shore RR.
Eam’gs p.c. This latter bond
Miles.
Earnings.
Mileage.
Years.
Mileage.
is endorsed by the United Companies of New Jersey.
10
66
$520,820 $207,759
5,899,088
4,308,194
1876-7..
10 The above mortgage is for $1,590,600, of which $1,449,600 have interest
206,301
477,834
66
6,214,917
5,742,605
1877-8.
10 guaranteed by the New York & Long Branch Railroad by
222.275
499.188
66
7,366,813
6,322,281
1878-9
The road is now operated as a part of the Central New
10 of the bonds.
242,063
592,151
66
1879-80
Jersey system. (V. 28, p. 146,173,352; V. 29, p. 121; V. 32, p. 121.)
-(V. 31, p. 509, 55 7.)
New London Northern.—Sept. 30, 1880, owned from New London*
Nesquehoning Valley—Doc. 31,1879, owned from Nesquehoning Junc¬ Conn., to Brattleboro, Vt., 121 miles. This road has been
tion, Fa., to Tameneud, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to since December 1, 1871, under lease to the Central Vermont Rail¬
Lansford, Pa., 1 mile; total operated, 18 miles. Opened in 1870, and road ; the lease was for 20 years at $155,000 per year. Consolidated
■was leased for 999 years to the Lehigh Coal & Nav. Co. at a lease rental
mort. bonds issued to retire all other funded and floating debt and to
of $130,000 per annum, but with an option for the lessees to terminate it
pay for branch recently purchased from Vermont * Mass. RR. Operar
after 1878. In 1879 the lease was modified so as to pay 7 per cent a tions and earnings for
six years past were as follows:
Div.
Net
Gross
year only. (See terms, V. 29. p. 18.)
Freight (ton)
Passenger
Earnings. Earnings. p.c.
Nevada Central.—Dec. 31, 1879, owned from Battle Mountain to Led- Years.
Mileage.
Miles.
Mileage.
8
9,237,318 $500,170 $123,426
100
4,526,574
11c, Nev.. 86 miles; branch, Ledlie, Nev., to Austin, New, 7 miles; total
7%
150,448
498,730
10,729,982
5,899,360
100
operated. 93 miles. Bonds admitted to N. Y. Board April, 1880. (V.
6^
137,135
507,889
12,169,737
100
5,941,778
30, p. 409.)
6
129,609
470,455
11,610,469
100
4,765,084
Newark d Hudson.—Dec. 31. 1879, owned from Bergen Junction to
6
159,484
470,102
12,637,957
100
3,927,511
Newark, N. J., 6 miles. Leased to New York Lake Erie & Western at a
6
179,030
591,346
18,975,296
100
6,144,189
rental of $33,000 per annum, which pays interest on bonds and 7 per
•cent on the stock of $250,000.
Cortlandt Parker,. Pres’t, Newark, N. J. -(V. 30, p. 169, 384, 409.)
follows:
Gross
—
....
....
...
....
Net
Div’d
p. ct.
Years.
..
Miles.
109
109
109
109
Atsion to
Lathrop,
endorsement
operated
RAILROAD
1881.]
February,
STOCKS
AND
xli
BONDS.
Subscribers will confem great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
explanation of column headings, Ac.
first page
on
see
of tables.
Miles
Date Size, or
of
notes
of
Par
Road. Bonds. Value.
$eto London Northern—(Continued)—
2d mortgage
100
121
147
$1,500,060)
Orleans Mobile d Texas— 1st mort., gold
Consol, mortgage (for
New
...
2d mortgage, debenture
New Orleans Pacific—1st mort. ($20,000 per mile).
N. T. & Canada—1st M., sterling, guar. D.A H. Can.
....
200
113
1,000
Central d Hudson River—Stock
New York
(N. Y. Central)
Premium bonds
Bonds, B &N. F. stockholders
do
Bonds railroad stock (N. Y. Central)
Bonds real estate
do
Renewal bonds
2d mortgage, sinking fund (Hudson River)
xt
$30,000,000 \ coupon or regisNew mortgage
^ ^.oooiooo }
Elevated— Stock
N. Y. City
1875.394260
1st
e,
$
or
....
500 Ac.
500 Ac.
1,000
1,000
1,000
....
1873
1873
....
....
;
18
40
.......
....
....
132
1872
1861
....
5
•.
.
.
•
....
(extended in 1880 at 5 per cent)
.
_
_
_
"
•
*
•
ioo
9
100
100
1847
1879
1853
1857
1858
....
5th mortgage, convertible
•
....
....
convertible (extended in 1879)
500 Ac.
....
.
....
(extended in 1867 to 1897)
1,000
,
....
:.
100
1.000
500 Ac.
100 Ac.
100 Ac.
50
50
....
....
West.— Stock, common
1,000
....
132
New York llousatonie d Northern— 1st mortgage...
N. Y. Lackawanna d Western.—Stock ($10,000,000)
1,000
1876
1880
1875
52%
Consol, mort., coup, or reg., (for $12,000,000)
Sinking fund
3d mortgage
-4th mort., conv.
$100
840
840
Preferred stock
1st mortgage
2d mortgage,
1,000
£100Ac
1854
....
*
1,000
1,000
1,000
1,000
500 Ac.
New Orleans Mobile d Texas— Dec. 31, 1879, owned from Mobile to
New Orleans, with branch to Pontchartrain, 147 miles. The old company
defaulted in 1874. and the property was sold in foreclosure April 24,
1880, and this company organized. Stock is $4,000,000. The road was
leased
May 8, 1880, to Louisville A Nashville, which operates it. The
L. A N. sold its own $6,000,000 bonds secured on this
which a mortgage of same amount is held in trust for the
full statement in Chronicle, V. 31, p. 328.)
New
road, against
L. A N. (See
Orleans Pacific.—This is the Toxas A Pacific extension
from
Shreveport to New Orleans, 325 miles. For each $1,000 bond taken at
90, stock for $500 was given. See V. 31, p. 178, 179, 329, 559, 673; V.
32, p. 206.
New York d Canada.—Dec. 31, 1880, owned from Whitehall, N. Y., to
Rouse's Point, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Lake
George, N. Y., 4 miles; Plattsburg, N. Y., to AUsable, N. Y., 20 miles;
West Cliazy to Province line, 13 miles; total operated, 150 miles. This
company was organized March 1, 1873, as successor of the Whitehall A
Plattsburg and the Montreal & Plattsburg railroads. The whole line
was completed Sept. 18,1876.
The road is virtually owned by the Dela¬
ware A Hudson Canal Company, which guarantees the bonds. The stock
is
$4,000,000. Earnings in 1878-9 were $127,502; in 1879-80, $294,984.
-(V. 29, p. 581; Y. 31, p. 357, 483; V. 32, p. 98.)
New York Central d Hudson.—Sept. 30,1879, owned from N. Y. City to
Buffalo, N. Y., 442 miles; branches on N. Y. Cent, division, 298 miles;
hopae, 7; total, 260 miles; grand total, 1,000 miles. The second track
is 465 miles; third track, 258 miles; fourth track, 225
miles; turnouts, 463 miles—making a total of 2,156 miles of track
owned by the company. This company was formed by a consoli¬
owned
dation of the New York Central and the Hudson River railroads October
1,1869. The New York Central was a consolidation of several roads,
under a special law of April 2,1853. The Albany & Schenectady Rail¬
road opened September 12,1831, as the Mohawk & Hudson. It was the
first railroad built in the State of New York. The famous scrip divi¬
dend of 80 per cent on the capital stock was made in December, 1868,
and oh the consolidation with the Hudson River road (Nov. 1,1869) a
further dividend of 27 per cent was distributed on the N. Y. Central
stock and 85 per cent on the Hudson River stock. The mortgage for
$40,000,000
was issued to lay the third and fourth tracks, with a
sufficient balance retained by the oompany to retire all prior bonds. In
November, 1879, 250,000 shares ($25,000,000) were sold to a syndicate
of bankers by Mr. W. H. Vanderbilt at the price of 120. and 100,000
shares more afterwards.
Prices of stock and earnings monthly have
been:
Monthly Earnings.
/
187S
Jan. 10838-10478
Prices of Stock.
1Q7Q
.
1 OQA
1879.
-tool
«
188o.
<e
-147% 2024,812 2593.613
Feb.106 -103*14 120 -115% 133%-130
2210,304 2317,231
Mar. 10778-l0378 117 -112
2474,392 2854,835
137 -12938..,.!.Apr.109%-105% 117V113% 136 -129%
2214,626 2782,321
May 110ia-1053i 12014-11730 131 -122
2211,010 2540.997
J'ne.l 12 -107
2022,823 2653,477
121VI17% 129%-122%
July 110 -IO8I2 119 VH7% 132V126%
2194,422 2863,316
Aug. 112 -IO714 12018-116 134i8-1283s
2546,029 3022,855
Sept 115 -11118 120 -118i4l33xl28i8
2922,376 3000,626
Oct..114 -109
133 -119
138%-129% .......
2898,586 3095,198
Nov.11218-110 139 -126 14718-135
2801,835 3047,541
Deo. 114 -110% 133%-127
15538-1393*
2846,216
AvePge percentage of expenses to earnings during the 8 years was 58-59.
117H-1125a 135
.129
Abstract of operations for six years:
REVENUE ACCOUNTS—1875
Year
ending Passenger
Sep. 30, Mileage.
*
Freight (ton)
Mileage.
1,404,008,029
1,674,447,055
1,619,948,685
2,042,755,132
2,295,825,387
2,525,139,145
155
TO
1880—SIX YEARS.
Net Income, Divi-
Gross
over exp., dends,
Earnings, int. A rents, p. c. Surplus.
$
$
29,027,218 7,339,195
28,046,588 7,213,075
26,579,085 6,943,347
28,910,555 b,038,445
28,396,583 7,594,485
33,175,913 10,569,219
8
8
8
8
8
202,515
73,547
*197,312
898,917
454,957
8^3,427,706
Deficit.
-(V. 29, p. 563, 655 ; Y. 30, p. 17, 92, 170, 357, 494, 589, 624; V. 31
P- 95,143,196, 329, 510, 662, 671; V. 32, p. 15.)
Aew York
$387,500
812,000
5,000,000
3,000,000
....
....
Harlem—Common stock
N. Y. Lake Erie d
Preferred stock
1,000
1,000
....
....
tered.
Lake.—1st mortgage
$500Ac.
1853
1854
1853
....
£.
New York d Greenwood
2d mort., income
New York d
1872
1880
-1880
1880
.1880
1874
Bonds—Princi¬
pal, When Due.
Rate per When Where Payable, and by /Slocks— Last
Outstanding
Cent. 1 Payable
Whom.
Dividend.
INTEREST OR DIVIDENDS.
Amount
('My Elevated.—Sept. 30, 1879, owned from South Ferry,
4,000,000
4,000,000
89,428,300
6,632,900
74.500
592,000
162,000
2,391,000
1,423,200
18,725,000
9,733,333
6,500,000
8,500,000
3,427,000
900,000
1,800,000
7,950,000
1,500,000
10,500,000
107,704
249,000
<0
77,083,800
8,156,725
2,482,000
2,150,000
4,852,000
2,937,000
709,500
17% miles. The property was
guarantee of 10 per cent divi-
a6n* _on the stock. The last report of operations, for the
year ending
giveu in the Chronicle, V. 29, p. 630. Passengers
H879, 29,875,912. For the first quarter of 1880, see Man¬
ae>Pt- 30,1879,
carried In
was
hattan Elevated
on page 37. Total real cost of this road to
estimated to have been $8,719,038. (V. 28, p, 302,
January,
526, 553,
p. 407, 511, 630; V. 30, p. 144, 357, 385, 544; V. 31, p. 68,
S9;V. 304, 329,
29,
95,123
358, 405; T. 32, p. 70.)
New York City <£
Northern.—8opt. 30,1880, owned from High Bridge,
A D. N.
A J.
A J.
S-
J.
J.
J.
£•
K-
J. A J. N. Y. A Phila., Agency.
M. A N.
London. Baring Bros.
g.
M.
M.
M.
M.
J.
J.
J.
J.
7
6
7
7
4
4
7
7
7
do
A
A
A
A
A
A
A
A
N.
N.
N.
N.
D.
D.
J
J.
July.
July,
do
*
1892
1910
Jan.
*
Q.-J.
2%
Y., Bk of N. America
N.Y., Gr. Central Depot.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
London.
Q.-J. N.Y.,Treasurer’s Office.
J. A J. N. Y., Corn Exch. Bank.
M. A N. N. Y., Company’s Office.
F. A A. Now York, Co.’s Office.
do
M. A S.
do
J. A J. N.Y., Gr. Central Depot.
do
J. A J.
do
M. A N.
do
do
J. A J.
do
do
h 1930
May, 1930
July 1, 192
May 1. 1901
Jan. 15. 188
May
May
May
May
1,1883
1.1883
1,1883
1,1883
Dec. 15,
1887
June, 1885
Jan. 1, 1903
Jan.
Jan.
Jan.
1.
1903
25, 1881
1.
1906
May 1, 1910
Jan.
Jan.
3, 1881
3, 1881
May, 1900
Jan. 1,1881
....
....
....
....
....
7
5
7
5 £•
7
.
M.
M.
M.
A.
J.
A N.
A 8.
A S.
A O.
A D.
N. Y., Co.’s office.
do
do
do
do
do
do
do
do
May 1,
Sept. 1,
Mar. 1,
Oct. 1,
1897
1919
1883
1920
June 1. 1888
N. Y., to Browster’s, N. Y., 51 miles.
This company was organized
Mar. 1, 1878, and acquired the N.Y. Westchester A Putuam (formerly the
N. Y. A Boston Railroad), sold in foreclosure March, 1876. The com¬
pany in May, 1880, leased the West Side A Yonkers road for 999 years,
and the consolidated mortgage was issued to take up all the other bouds.
Stock, $3,000,000. See V. 30, p. 544. R. M. Gallaway, President, No. 3
Broad St., N.Y. (V. 27, p. 172; V. 30, p, 409, 519, 544,651; V. 31, p. 95;
V. 32, p, 101.)
New York d Greenwood Lakc.—T>cc. 31. 1879. owned from Jersey City,
N. J., to Greenwood Lake, 40 miles; extension, New York Lake Erie
A Western, 1% miles; total operated, 41*2 miles. This was the Mont¬
clair Railroad, opened in 1874. It was sold and reorganized as Mont¬
clair & Greenwood Lake, and again sold October 12, 1878, and the
present company organized. The New York Lake Erie A Western pur¬
chased a controlling interest in the property and now operato It. The
holders of the second mortgage bonds have a right to pay off the first
mortgage bonds of $900,000 at 105, and thus gain control of the prop¬
erty.
(See Vol. 27, p. 172, 228.)
It is reported that the New York
Lake Erie A Western purpose extending the road and making it an im¬
portant part of their line. In 1879 the gross receipts were $118 231;
expenses, $149,456.
(V. 27, p. 16, 68, 95, 172, 192, 228, 252, 303, 357,
383, 436, 462, 539, 628, 652; V. 30, p. 409, 566; V. 31. p. 559.)
N. Y. d Harlem.—Sept. 30, 1879, owned from N. Y. City to Chatham,
N. Y., 127 miles. From Chatham to
Albany, 24 miles, the Bost. & Alb.
RR. is used. This company owns 5*2 miles of street railroad on tho
Fourth Avenue. The property (except the horse railroad) was leased
April 1,1873, for 401 years, to the N. Y. Central & Hudson River RR.,
at a yearly rental from the lessee of 8 per cent dividends on tho stock and
the Interest on the bonds. The Fourth avenue horse railroad, together
with valuable real estate, was retained by this company, and extra
dividends are paid out of the receipts therefrom annually in April. All
operations of the main road are included with those of the N. Y. Central
A Hudson. (V. 28, p. 18.)
N. Y. Housatonic d Northern.—Sept. 30,1879, owned from Danbury,
Conn.,/to Bloomfield, Conn., 5% miles. Foreclosure sale made in April,
1880, for $111,000. to Horace Bridgemau. (V. 30, p. 118, 248,323, 384.,
New York Lack, d West.—This is the projected road built under the aus¬
pices of Del. Lack. & West, and the Wab. St. Louis & Pac. (V. 31, p. 229.)
New York Lake Erie d Western.—Sept. 30, 1880, owned from Paterson,
N. J., to Dunkirk, N. Y., 430 miles: branches—Piermont, JL8 miles; Newburg, 18 miles; Buffalo, 60 miles; Erie International RR., 5 miles;
leased—Mont. & Erie RR., 10 miles ; Goshen A Deckertown, 12 miles;
Newburg A N. Y., 13 miles; Pat. Newb. A N. Y., 11 miles; Hawley <fe
Honesdale, 241uiloii; Jefferson RR., 37 miles; Buff. Brad. A Pittsb.. 26
miles; Buff. N. Y. & Erie, 1.40 miles; Suspension Bridge A Erie Junotion,
23 miles; Rochester* Creuessee Valley, 18 miles; Avon Geu. A Mount
Morris, 17 miles; Paterson A Hudson, 15 miles; Paterson A Ram., 15
miles; Lockport A Buffalo, 13 miles ; Buffalo A Southwestern, 68 miles;
controlled—Newark A Hudson, 6 miles; Woekawkon New York & Fort
Lee, 5 miles; Northern of N. J., 25 miles; total oporated, 1,009 miles.
The Now York A Erie Railwaj' went into tho hands of a Rooeiver
in 1859, and in 1861 the Erie Railway was organized as its succes¬
The Erie Railway defaulted on its bonds in 1875, and was sold
sor.
in foreclosure under the second consolidated mortgage in 1878. The
present company was organized and took possession Juno 1, 1878.
Under the plan of reorganization the above statement represents all tho
stocks and bonds issued to September 30, 1889.
The total interest
charge each fiscal year will bo as follows: 1880-81, $4,149,091; 188182, $4,149,091; 1882-83, $4,177,749; 1883-84, $4,235,065. By tho
terms of the plan one-half of the stock, both common anti preferred, is
issued to “ Voting Trustees ” in London, who shall vote on thorn uutfl
the dividend on the preferred stock (6 per cent) has been paid for three
consecutive
Tho funded coupon bonds are secured by
yearslien of consolidated mortgage. The second-funded coupon bonds are
5 percents till June, 1883, and after that 6. On the second mortgage and
second fundod coupon no foreclosure can take place till six coupons are
in default. The most prominent feature of the reorganization was tho
provision for outlay of new capital on the property, ami up to September
30, 1880, the cash from assessments of stock, Ac., amounted to
$3,793,326. Prioes of stock and earnings monthly have been as follows:
Prices of Stock.
Monthly Earnings
*
Common.
1880.
w
1QS1
O7o-
Jan. 48 - 41% o-'a* 4730
Feb. 48 V 44 %5
Mar. 47V 43%
-
"\Y., east side, to Harlem River, 10% miles; west side, to Eighty- Apr. 46V
third St., 6% miles; branoh, 1 mile; total,
leased to the Manhattan Railroad, with a
7
5
0
6
0
0
2
6
6
6
6
6
7
7
6
Preferred.
1RttO
73a*- 6730
73V 70
72V 68%
70V 63%
^
1879.
1880.
1 QQ1
95
-
88
1147,173
1207,391
1356.780
1372,755
1296,331
1252,218
1644,958
1643,151
41*3
653a- 47
1350,574 1592,544
May 43%- 30%
J’ne. 43%- <30
70V 47
1230,419 1661,812
72V 643*
1273,532 1580,975
July 44%- 38%
73 - 65
1450,223 1606,873
Aug. 44%- 3738
-71V 66
1492,495 1786,417
Sept 41%- 373s
76 - 70
Oot.. 45 %- 38%
1713,697 1899.910
Nov. 49 - 42%
82V 72
1515,835 1797,338
93 V 77
Deo. 51V 43%
1398,244 1726^78$
The last annual report was published in the Chronicle, Y. 31, p. 587*
650. The operations and earnings for five years past were a$ foUqwet:
STOCKS AND BONDS.
RAILROAD
xlii
Subterlbera will confer a
70 811875-960
first page of
immediate notice of any error
great favor by giving
Size, or
Date
Miles
of
of
Road. Bonds
tables.
New York Lake Erie <6 Western—(Continued)—
Buffalo Branch Bonds
Long Dock Co. mortgage
let consolidated mortgage, gold
do
do
funded coupon bonds .
N. Y. L. E. & W., new mort., gold, 2d consol
do
do
do
do fund. coup,
do
income bonds (non-oumulati ve).
New York d Long Branch—Stock
Par
Value.
$100Ac.
1861
1863
1870
1878
1878
1878
1878
459
1,000
1,000
500 Ac.
500 Ac.
500 Ac.
300 Ac.
Amount
Outstanding
Common stock
till July, 1895, $ & £.
A £
$A£
Leased lines rental gold bonds (Cl. A M.)
do
(P. P., P. V. and S. & A.)
do
N Y. Pi'ov. d Boston—(Stouington)—Stock
First mortgage
N. Y. Wood haven d Iioc ka way— 1st mortgage..
Mortgage bonds
North Pacific Coast—Stock
North Pennsylvania—Stock, guar
1st mortgage
2a mortgage
end’g
Sept. 30.
Year
Passenger
Mileage.
stock
100
1,000
1873
12Lj
344
344
427
460
460
_
460
_
500
500
500
500
1880
1880
1880
1880
1872
1873
.
„
Ac.
Ac.
Ac.
Ac.
1,000
1,000
100
1,000
1869
1879
ioo
100
500
’67-’68
50
500 Ac.
500 Ac.
1881
....
Freight (ton)
Mileage.
1,000
1876
62
50
16
98
223
223
223
79
58
56
56
Niagara Bridge d Canandaigua— Stock
North Carotin a—Stock, common
Preferred stock
General mortgage bonds
Bonds secured by $1,200,000
23
263
203
141
....
Gross Traffic
Net Traffic
Earnings.
Earnings.
$3,621,259
1,040,431,921 $15,852,461
163,074,795
3,809,050
14,708,890
1,114,586,220
170,888,380
5,009,114
15,644,978
1,224,764,438
110,326.749
4,767,323
15,942,022
1,569,223,417
149,115,718
7.049.184
18,693,109
1,721,112,095
180,460,204
The company lias receipts from other sources, and the total net income
each year (charging full interest on the debt as it stood), as compared
with the annual charges, were as follows:
Deficit.
Surplus.
Net Income. Int., Rcut’ls, Ac.
Years.
$1,229,631
$
$5,538,194
$4,308,563
1,391,084
5,837,801
4,536,717
625,431
5,093,496
5,718,927
1,316,106
3,888,664
5,204,770
1,790,620
6,042,519
7,833,140
—(V. 30, p. 43, 67, 170, 222, 273, 494, 624, 650; V. 31, p, 20, 68, 122,
171, 306,429,454, 559,573, 58 7, 607, 650, 662,673; V. 32, p. 101,183.)
18/6
31, 1879, owned from Perth Amboy,
miles. It is leased to Central RR, of New
Jersey, forming part of the Long Branch Division of that road. No
further information given. Anthony Reckless, President, N. Y. City.
New York d New England.—Sent. 30, 1880, owned from Boston, Mass.,
to Waterbury,Conn., 150 miles; Providence, R. I., to Willimantic, Conn.,
58 miles; branches—to Woonsocket RR., 34 miles; to South Bridge, 18
miles; to Dedham, 2 miles; to Ridge Hill, Mass., 2 miles; Dorrance
Street, 1 mile; leased—Rhode Island A Massachusetts RR., 14 miles;
Rockville RR., 4 miles; Connecticut Central RR., 36 miles; Norwich &
Worcester RR., 66 miles; total operated, 385 miles; also about 60 miles
under construction. This was the Boston Hartford & Erie RR., which
became insolvent and was succeeded by this company, formed in 1873.
The Boston Hartford & Erie’s principal debt was the Berdell mortgage
for $20,000^000, which fixes the stock of this present company ($20,000,000). In 1878-9 the company acquired the llartf. Prov. & Fishkill RR.
by the payment of its bonds. The bonds of the new mort., issued in 1879,
are to pay for the extension of the road to the nudson Riv. See last annual
report V. 29, p. 607. Operations, Ac., for four years past were as follows :
Gross
Net
New York d Long Branch.—Dec.
N. J., to Long Branch, 23
Milos.
139
153
285
316
Years.
Passenger
Mileage.
19,652,913
23,269.082
36,158 591
41,762,072
Freight (ton)
Eamingt,
Mileage.
11,321,038
$965,601
1,006,287
18,938,845
1,971,536
36,654,669
2,324,940
43,678,700
31, p. 44, 67, 153, 306^97,
Y.
486,329
628,856
,
town andSufiield, 18 miles; leased—Harlem A Portclicster RR., 12 miles;
Shore lane RR., 50 miles; total operated, 203 miles. This was a consoli¬
dation July 24, 1872, of the N. Y. & New Haven and the Hartf. &
railroads. The company uses the N. Y. A Har. RR. from Williamsbridge
into N. Y. City and pays a large toll therefor.
The company
Har. Riv. A Port. RR. and guarantee tho bonds. Operations, Ac., for
five years were as follows:
Div.
Net
Gross
Freight (ton)
N. H.
leases the
Passenger
Years.
Miles.
152
1876-7..
1877-8..
1878-9..
1879-80.
152
152
152
152
Mileage.
Mileage
37,224,658
123,866,661
111,641,817
105,458,051
103,113,443
39,646,733
45,594,854
63.187,479
125,300,345
78 372 806
v/31,
Earnings.
$4,303,340
3,938,406
3,817,281
3,912,743
4,252,814
7
16.656,000
3,699,236
24,400,000
8,597,400
508,008
2,000,000
7,146,000
6,968,000
15,500,000
2,000,000
2,000,000
58,120,000
8,000,000
35,000,000
14,500,000
30,000,000
5,355,000
3,568,000
3,000,000
1,000,000
1,000,000
1,000,000
,3,000,000
1,000,000
210,000
1,074,900
4,527,150
1.930,500
1,500,000
2,569,500
1,200,000
7
7
7
6
5
6
g.
g.
g.
g.
g.
When
•
6 A 7
5
6 A 7
•
Dividend.
July 1, 1891
Jan., 1893
Sept. 1, 1920
Sept. 1, *920
Dec. 1, 1960
Deo. 1, 1969
June 1, 1977
•
•
„
Jan.. 1905
Jan. 3, 1881
1903
....
g.
g.
g.
g.
4, 5, 6
2 Ac.
2
M.
J.
M.
M.
J.
J.
8
A S. New York and London. March 1, 1895
do
do
July lr 1905
do
May 1, 1910
do
Nov., 1915
do
do
Jan., 1902
do
do
A J.
AN.
A N.
A J.
A J.
London, Co/s Office.
N. Y., M. Morgan’s Sons.
do
do
A J.
N. Y., Fisk A Hatch.
A J.
Q.—F.
J.
J.
J.
M.
M.
M.
7
7
3
3
3
m
•
Stocks—Last
....
....
m
-
•
J. A J. Boston, Treas’s. Office.
J. A J. N.Y., Grand Cen. Depot.
do
do
A. A O.
....
6
7
5
5
Whom.
N. Y., Co.s Office.
A J.
do
do
A D.
A S. New York and London.
do
do
A 8.
do
do
A D.
do
do
A D.
do
do
A D.
J.
J.
M.
M.
J.
J.
J.
•
•
•
pal,When Dus
Payable, and by
Payable
.
•
Where
A J.
A 8.
A S.
A N.
Company Shops, N. C.
do
do
do
do
Jan., 1903
10, 1881
July 1, 1899
Feb.
1909
Jan. 2, 1881
1, 1881
Mar.
Mar.
1.
1881
Nov., 1888
....
m
1*3
Q—F.
J. A J.
M. A N.
J. A J.
6
7
7
6
Philadelphia Office.
do
do
do
do
do
do
Feb.
Jan.
24, 1881
1. 1885
May 1, 1890
1903
....
—(V. 30, p. 43, 92, 170, 222, 241, 323, 384, 519,
123, 282, 559, 589; Y. 32, p. 70, 101, 183, 206.)
589, 650; V. 31, p. 95
owned from Salamanca,
branches—Meadville, Pa., to Oil City,
2 miles; leased lines—
80 miles, and branch,
Lisbon, 36 miles; Lib¬
erty A Vienna RR„ Vienna Junction to Vienna, 3 miles; Ohio Line to
Sharon, Pa., 1 mile; Sharon R’y, Sharon, Pa., to main line, ? miles; total
operated, 556 miles. Changed to standard gauge June, 1880. Formerly
Atlantic A Great Westeni Railway. Sold'July 1, 1871, and leased to
Erie on May 1, 1874, but lease not carried out. Again in hands
of a Receiver Dec. 9, 1874., Sold Jan. 6, 1880, and reorganized by a
London committee of stock and bond holders.
(See V. 30, p. 143.) Five
trustees are to exercise the voting pow’er of the new stock until the third
mortgage bondholders receive 7 per cent iuterest in cash during three
years. Three of these trustees are to be chosen annually by a majority
in value of the first mortgage bondholders, one by the second mortgage
bondholders, and the fifth by the leased line bondholders. See statement
to N. Y. Stock Exchange, V. 31, p. 607.
The new bonds of the reorgan¬
ized company, subsequent to the prior lien bonds, are issued upon the
following basis(1.) The first mortgage bonds to bear 5 per cent inter¬
est till Jan. 1,1881, and 7 per cent thereafter, whatever portion of this
that may not be earned to he payable in deferred warrants, to be capi¬
talized in bonds of the same class; payment of interest to become abso¬
lute not later than July 1, 1895, and until June 1, 1895, the right to
foreclose the mortgage is suspended. (2.) Second mortgage bonds to
receive 5 per cent per annum, after prior mortgages, if earned.
(3.)
Third mortgage bonds receive 5 per cent interest, if earned, after prior
bonds. On the second and third bonds there is no right to sue the com¬
New York Pemisylvayiia d O.—Sept. 30, 1880,
N. Y., to Dayton, O., 388 miles;
33 miles; Junction (main line) to Silver Creek, O.,
Cleve. A Mahon. RR., Cleveland, O., to Pa. Lino,
13 miles; Niles A New Lisbon RR., Niles to New
pany or to foreclose.
The leased lines’ bonds of
first three years; 5 per cent
1872 are to receive 4 per cent for the
thereafter for six years, and 6 per cent
thereafter until maturity. Tho leased lines’ bonds of 1873 are to re¬
ceive the net profits up to 7 per cent (but not less than 2 per oent during
the first two years) arising from the working of the lines whose securities
are held by trustees.
The prior lien bonds are to provide for payment of
old Ohio Div. mortgage, for change of gauge, and for reorganization ex¬
Earnings. penses. The stock is—preference shares, $10,000,000; common shares,
$194,910 $35,000,000. In first quarter of 1880 gross earnings were $1,293,678,
197,890 and net profits, $296,361. Earnings, Ac., were as follows:
Gross
Net
Extr’rdinary
578, 605 ;
N. F. N. Haven d Hart/.—Se^t. 30, 1880, owned from Williamsbridge,
N. Y,, to Springfield, Maes., 123 miles ; branches to New ■
r.,
Britain, Middle-
—(V. 30, p, 248, 357, 544, 545;
Y, 32. p. 121.)
Rate per
Cent.
$182,600
3,000,000
1118887776556--9-600. 1875-690*.
mortgage, new (for $10,000,000)
New York New Haven, d Harlfoi'd—Stock
Harlem A Portcbester, 1st mortgage guaranteed.
New York Onlaino d Westeni—Preferred stock..
1st
1st mort., gold, incomes
2d mortgage, incomes. $
3d mortgage, incomes,
discovered in these Tables.,
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
LVol. XXXII.
Earnings.
$1,729,279
1.716,029
1,648,788
1,670,862
1,653,565
p. c.
10
10
10
10
10
—(V. 29, p.510; V. 30, p. 15;
p. 509,671.)
N. Y. Ontario d West.—Sept.30,1879, owned from Oswego, N. Y., to Mid¬
dletown, N. Y., 249 miles; branches to Courtland, N.Y., 48 miles; to New'
Berlin, 22 miles; to Delhi, 17 miles; toEllenville, 8 miles; total operated,
344 miles. This wras the N. Y. A Osw. Mid.
Main line wras opened July,
1871. It connects with the N. J. Midland to N. Y. City. Default wras
Receivers Sept. 18,
made in 1873. and the property placed in the hands of
1873. The Western Division was sold in foreclosure May 31, 1876, and
the main line was sold in foreclosure November 14, 1879. The present
company was organized January 22, 1880, and under the plan of reor-
ganization the holders of receiver’s certificates took preferred and inter¬
rst mortgage bondholders took common stock for principal stock, the
Earnings.
Earnings.
Payments.
$3,672,365
$717,973
$858,052
512
3,805,305
764,423
832,261
’
3,745,207
707,962
512
675,849
—(V. 30, p. 42, 143, 405, 494, 625, 650; V. 31, p. 68, 153, 534, 607.)
N. Y. Prov. d Boston.—Sept. 30, 1879, owned from Providence, R. L, to
Stonington, Conn., 50 miles; extension to Groton, Conn., 13 miles; War¬
wick RR., 8^ miles; tofal, 71*2 miles; operates also Pawtuxet and
Pontiac branch roads, 8 miles. Owns a majority interest in the Prov. &
Ston. Steamship Line, which has a capital of $1,400,000. For the fiscal
year ending Sept. 1, 1880, annual report is given in V. 31, p. 51.
Operations and earnings for .five years past were as follows:
Passenger
Freight (ton)
Gross
INct
Div.c
Years.
Miles.
Mileage.
Mileage.
Earnings. Income, p. c.
63
19,570,190
10,128,540 $935,268 $465,201 10
63
15,378,852
9,222,206
718,726
358,997 108
10,405,601
710,038
63
17,858,442
398,116 10
63
19,377,410
11,467,971
318,656 8
689.008
11,290,326
779,885
711s 22,167,232
349,096 8
Thirteen months, t Including dividends received from Stonington
Steamboat Company, and other receipts.
Years.
1876
1877
1878
Miles.
512
..
*
(V. 31, p. 651.)
N. Y. Woodhavcn d
Rockaway—June 30,1880, owned from
Hunter’s-
4
is
Point, L. I., to Rockaway Beach, 12 miles; branch to Far Rockaway,
miles; total operated, 16 miles. By contract with Long Island RR.
to control all travel to the Beach by rail. The stock is $1,000,000.
(V.
30, p. 494, 559; V, 31, p. 229.)
Niagara Bridge d Ganandaimia.—Oct. 1,1879, owned from Canan¬
daigua to Suspension Bridge, N. Y., 98 miles. The road is
leased in
perpetuity to the New York Central A Hudson at $60,000 per annum.
Has no debt, but prior to foreclosure mortgages were $2,170,000.
No. Carolina.—May 31,1880, owned from Goldsboro to Charlotte, N. C.r
223 miles. The property was leased Sept. 11,1871, to the Rich. A Danv.
Railroad for 30 years at a rental of $260,000 per year. Dividends of 0
the holders of other old bonds, notes, judgments and claims
permitted to take new stock at par on payment of 20 per cent
assessment in cash within 30 days from January 22, 1880. And stock
was issued on payment of 30 per cent cash w ithin six months from
Jan. 22, 1880, to the holders of old stock and convertible non-mort. b’ds. per cent are paid on the stock, of which the State of North Carolina
From these assessments about $9,000,000 was received, and in Feb¬ $3,000,000, and the dividends thus received by the State are applied to
ruary, 1881, a contract was made with theNorth River Construction Co. her bonds issued to the North Carolina Railroad. (V. 29, p. 96; V. 31, p.
(capital $10,000,000) for completing a road to Buffalo. (V. 32, p. 181.) 482, 589.)
Operations and earnings for four years past were as follows;
North Pacific Coast.—Dec. 31,1879, owned from Saucolito to Moscow
Net
Gross
Passenger Freight (ton)
Miles.
Earnings. Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased. San
Years.
Earning.
Mileage.
Mileage.
to San Quentin, 4 miles ; total operated, 80 miles. Stock,
371
$49,146
4,052,620
12,957,503
$535,845
344
39,331 floating debt, June 30,1877, $2,017,114. No later reports.
13,542,809
568,204
6,514,676
No. Pennsylvania.—Nov. 30,1879. owned from Phila., Pa., to Bethle¬
344
53,662
560,020
12,701,830
5,579,976
35,713 hem, Pa., 50 miles; branches—Jenkint’n to Dela. River, 20
523,502
187*-©....., 344
12,564*218
5,200,070
est, and
were
holds
Rafael
$1,074,900;
milee; Lana-
RAILROAD
18§1.J
PflBRUART
SabMrilMni will confer a great
explanation of column
on
of tables.
Northeastern (S. 0.)—Stock, common ....... —
Pref. stock (8 per cent) exchangeable for 2d mort.
1st mortgage, new
2d mortgage, new
(Cal.)—1st mortgage
Miles Date Size, or
of
of
Par
Road. Bonds. Value.
lr02
102
113
317
138
138
138
138
138
138
138
138
01
Amount
Outstanding
$50
102
102
1869
186a
1877
$399,350
50
500
500
Central—Stock
1st mortgage. Stare (Maryland) loan
2d mortgage, sinking fund, coupon
3d mortgage, sinking fund, coupon
—
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
Consol, mortgage, gold, s. fund, coup., $ or £....
2d general mort., “A,” coupon
“B,” coupon, convertible
do
Central (Mich.)—1st mortgage............
N. H—Stock.......
Northern of Ne w Jersey—Stock
1st mortgage, extended
Northern
Northern,
*
....
1865
1868
1868
’74-’75
1876
1876
82is
21
21
21
1878
1869
1.000,000
100
1O0
100 Ac. !«
100 Ac.
100
100
1,525,000
3,068,400
1,000,000
200,000
200,000
1879 874-56*
2d mortgage.
Northern Pacific*—Fret.
stock(8 p. o., not cum’tive).
Common stock
Mortgage and land grant bonds, Missouri Div
Mortgage and land gr. bonds. Pend d’Oreille Div.
Consol. M. Id. g., gold, $25,000 p. in., coup, or reg.
Worcesto—Stock
Norwich d
205
209
850
Qgdenshnrg & Lake Champlain—Stock
Sinking fund bonds
Mortgage bonds (sinking fund)
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative
Ohio Central-- 1st mortgage gold
Income bonds (lion-cumulative).'
Terminal mortgage bonds
Ohio d Mississippi—Stock, common
1879
1879
1880
ii8
118
1,000
1870
1877
1880
1880
1880
1880
400,000
3,077,000
1,000
1,000
371,000
600,000
2,371,000
1,000,000
3,000,000
500 Ac.
100 Ac.
1,000
1,000
1,000
100
100
393
393
3,000,000
600,000
20,000,000
M. A N.
M. A S.
M. A S.
Charleston, Offloe.
J.
A
J.
do
do
Baltimore A Pliiladel.
1907
Jail. 10, 1881
Annapolis.
Irredeemable.
Q.-J.
J.
A.
J.
A.
J.
J.
J.
Nov, 1880
Sept. 1, 1899
Sept. 1, 1899
J. Baltimore, 1st Nat. Bk.
O. Baltimore A Pliiladel.
J. Baltimore, lRt Nat. Bk.
O. Baltimore, 1st Nat. Bk.
J. London A Baltimore.
J Baltimore, 1st Nat. Bk.
do
do
J.
A
&
A
A
A
A
A
July, 1885
April, 1900
July, 1900
July, 1900
July 1, 1904
Jan.
Jan.
1, 1926
1. 1926
1903
Deo. 1, 1880
-'w
J. A D.
.
.
m
Boston, Office.
(0
July, 1888
March, 1889
.
J. A J. J.
M. A S.
City, Hudson Co. B’k.
do
do
——
2,604,400
1,000
Stocks— Last
Dividend.
Whom.
New York Office.
do
>
do
A S.
Sept. 1, 1919
do
A J.
do
Jan. 1, 1921
A J. New England Trust Co. Jan. 19, 1881
A S. Boston, N. E. Trust Co. March 1, 1897
J. A J.
Boston, Office.
July 10. 1876
do
M. A S.
Mar., 1890
do
J. A J.
1897
do
A. A O.
April 1, 1920
do
A. A ().
April, 1920
J. A J. N.Y. Metropolitan N.Bk Jan. i, 1920
do
do
Jail. 1, 1920
do
do
J. A J.
July 1, 1920
6
6
6 g.
5
6
2
20,000,000
100
1877
1880
Preferred stock (7 p. c. yearly, cumulative)
42,677,537
49,00o,000
2,283,894
1,597,939
100
66
118
bonds, coupon
New
720
Payable
6
6
6
6 g6 g.
6 g.
5
6
7
3
1
6
7
4,473,000
3,000,000
1,000
pal,When Due,
Payable, and by
2ia
2.599,000
205,000
1,000
1,000
1,000
1,000
Where
4
8
8
6
236,000
2,435,000
5,842,000
1,500,000
1,490,000
1,126,000
500 Ac.
500 Ac.
When
-
86,000
50
1855
Rate per
Cent.
820,000
11887755--96'906.
65781
Northern
Northern
Bonds—PrineW
INTEREST OR DIVIDENDS.
*
headings, Ao., see notes
first page
xliii
BONDS
AND
favor by giring Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
STOCKS
M.
J.
J.
M.
8
6
6
3 A 6
6 g.
7
6
....
July 1, 1920
.....
....
3*o
4.030,000
AT. A
N/»w Y»'rtr. Offlon
8.
Mar. 1.
1875
Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; total, 209 miles, the company will have about 17,500,000 acres of land. In
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are 1879-80 the sales of land east of the Missouri River were 239,305 acres,
operated under contract. The company has been doing a fair business, for $625,656, ail average of $2 61 per acre. Unsold lands June 30,
but paying very moderate dividends, and in May, 1879, was leased for 1880,4,056,128 acres. A syndicate in November, 1880, subscribed for
990 years to the Philadelphia & Reading Railroad on the terms as Rtated $10,000,000 new consolidated mortgage bon«ls, with privilege of taking
in V. 28, p. 625, viz., that the lessees should pay in quarterly payments $10,000,000 more yearly for next three years, to finish the road, and
(February 1, May 1, August 1 and November 1) $673,341 for each of the they took and sold $20,000,000 of the bonds in J,»n., 1881. The mort¬
the first and second veal's; in the third and fourth years each $718,615. gage is for $25,000 per mile of road, Central Trust Co. of N. Y., trustee.
and after that $763,887 per year. This is intended to cover all fixed The bonds are received inpayment for lands at 110 and interest, and
charges of the lessors, and pay 6 per cent on their stock for two years, proceeds of land sold must be applied to purchase of these bonds at 1.10
and interest. Sinking fund of one per cent per annum begins in 1885.
7 per cent for two years and 8 per cent afterwards.
(V. 32, p. 184.)
(See V. 32, p. 4.) The last annual report (to June 30, 1880,) was pub¬
Northeastern (S. C.)-Sept. 30,1880, owned from Charleston, S. C., to lished in V. 31, p. 356. The earnings were as follows on 722 miles:
Florence, 8. C., 102 miles. This company has earned the interest on its Gross, $2,230,181; net, $709,088. (V. 30, p. 67, 144, 375,567,589,
bonds and preferred stock with a good surplus. In 1878-9 gross earn¬ 650; V. 31, p. 68, 95, 230, 356, 358, 397, 454, 535, 560, 579, 589; V.
ings were $316,267 ; net earnings, $135,364; in 1879-80, gross, $404,- 32, p. 4, 44, 121, 184.)
891; net, $185,659. (See hist annual report, V. 31, p. 651.) The pre¬
ferred stock is exchangeable for second mortgage bonds.
Noricich & Worcester— Norwich, Conn., to Worcester, Mass., 59 milesfc
dale to
North.
California.— Dec. 31,1879, owned from W. Oakland to Suisun,
Cal., 48 miles; extension, Woodland to Willows, 65 miles; leased, San
Pablo A Tulare RR., 47 miles; total operated, 160 miles.
Completed in
1878 and leased in part to the Central Pacific since Jan. 1, 1876, at an
annual rental of
$1,500 per mile of road. In 1878 total
surplus over annual charges, $90,553.
li. P. Hammond, President, San Francisco.
rental, $346,138;
$2,819,150.
revenue
from
The stock is
Northern Central.—'Dae. 31, 1879, owned from Baltimore, Md., to Sun-
hury, Pa., 138 miles; branches—Relay to Green Spring, 8 miles; BaltP
more to Canton, 6 miles ; leased— Shaiuokin Valley A Pottsville RR. and
branch, 31 miles; Elmira A Williamsport RR., 76 miles; Chemung RR.,
17 miles; Elmira Jefferson A Canandaigua Railroad. 47 miles; total. 323
miles. This was a consolidation or several roads in January, 1875. The
terms of the several leases will be found under the names
of the leased
branch: Norwich to Allvn’s Point, 7 miles ; total, 66 miles. In 1869 the
road was leased to the Boston Hartford A Erie for 100 years, the lessees
to pay all liabilities and 10 per cent on the capital stock. There has
been sorno discussion as to reducing the rental, and the present lessee
company
has the option to terminate the lease, and now operates under
200). Earnings, Ao., for four years
temporary agreement (see V. 28, p.
past have been as follows:
Earnings.
Total
Revenue.
Int.,rent’ls
Earnings.
$728,081
$281,376
$311,965
$320,580
309,229
283,764
283,809
Gross
Years.
Net
666,883
315,107
269,779
666,830
274,457
716,635
416,243
312,095
741,316
A
Div’ds.
-(V. 27, p. 537; V. 28, p. 200.)
Ogdenshurg d Lake Champlain.—January, 18S1, owned from Rouse’s
the Pennsylvania Rail¬
The last annual report Point, N. Y., to Ogdensburg, N. Y., 118 miles; branches, 4 miles; total,
122 miles. The road was leased to the Vermont Central March, 1870,
was published hi V. 30, p. 220, showing the application of income for the
year 1879, the earningR, Ac. The consolidated mortgage (gold) is for but the lessee failed, and this company resumed possession of its prop¬
$10,000,000 to retire ail prior bonds as they mature. Under the general erty April, 1877. The earnings of the road have decreased of late years,
mortgage of 1876 $1,000,000 more may be issued as Series C. Operations and in January, 1880, the executive committee issued a circular pro¬
and earnings for five years past were as follows;
posing certain terms of adjustment (see V. 30,.p. 118, 144), which have
been
carried out. Annual report in V. 30, p. 622. Opera¬
Passenger Freight (ton)
Gross
Div’d tions substantially for five years past were as follows:
Net
and earnings
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. ct.
Gross
Net
322 29,829,323 258,546,557 $4,926,248 $1,564,124
Passenger
Freight (ton)
Earnings. Earnings.
Years.
Miles.
J 322 43,401,086 253,552,485 4,369,926 1,127,600
Mileage.
Mileage.
3
$563,293 $169,421
20,141,083
322 27,726,768 277,732,734 4,070,388 1,324,463
122
4,585,143
roads. The company is under the management of
road interest, and Mr. Thos. A. Scott is president.
....
....
322
322
24,122,837 280,236,742 3,723,457 1,118,960
25.888,514 404,192,761 4,107,948 1,246,006
-(V. 28, p. 220; V. 30, p. 220; V. 31, p. 329, 673; V. 32, p. 121.)
....
Northern Central (Michigan).—Jonesville, Mich., to Lansing, Mich., 61
miks. Owned by the Lake Shore A Michigan Southern Railway Com¬
pany. Stock, $610,000. S. V. Irvin, President, Albion, Mich.
Northern, N. H.—From Concord, N. H., to West Lebanon, N. H., 70
miles; branch, Franklin, N. H., to Bristol, N. H., 13 miles; total, 83
miles. This rivad has done a
steady, but slightly deoreasing, business
during the past four years. The last annual report was published in the
Chronicle, V. 30, p. 599. The net earnings for the fiscal year ending
werc $112,438, and in 1878-9 were $107,372, against
?iU7!M0 111 1877-8; $123,150 In
that
date, earnings
oyy.)
were
1876-7; $120,810 in 1875-6. Prior to
considerably larger. ((V. 28, p. 552; V. 30, p.
Northern
of Neto Jersey.—From Bergen, N. J., to Sparkill. N. Y., 21
u^P&ny ojieratos an extension to Nyack, called the Nyack
& Northern Railroad.
This road was opened Oct. 1, 1859. By contract
or April, 1869, it is
operated by New York Lake Erie A Western at 35
per cent of its gross
earnings. It is understood the contract is ter£lther party on notice. Gross earnings in 1879-80 were
$243,262.
(V. 30, p. 566.)
60, 1880, owned from Duluth, Minn., to Bls-
To
Sunk
total, 646
miles; branches—Western RR. (leased), Brainerd,
Rapkl, Minn.. 60 miles;
Paciflo Division, 137 miles;
miles;, owns one-half 8t. Paul A Duluth RR., 24 miles, and uses
Minneapolis A Man.; total operated, 745 miles.
TUifa £ap "c^^Tec*1 Mo. Dir. and Pend d’Orielle Dir. will be 820 miles.
y
chartered by act of Congress July 2, 1864, to
build
j™Til J^ake SuPerior to Puget Sound, 1,800 miles, with branch to PortHtftto.
200 miles. The land grant was 20 seotions per mile in
l
th«
k'a^u,
reckons In Territories. The
company defaulted January,
wa* foreclosed August 12,1878, and reorganised by
«°uunlttee Sept. 29,1875. To the bondholders new
n
issued at the rate of $1,400 for each $1,000 bond.
thAFSl^ock
^SoPr°^re(i stock $4,111,830 was owned by the company
Banv’*u«^' This preferred stock is taken in payment forth# eom-
Of
June 30
d*On»nL
on
honds
si
the oompany
reoeivablefor lands
on
those sections.
increased it to $12,000,000 for improvements, Ac.,
and to
Co. Dan. P. Delia, President.
Louis, Ill., 340 mileff^
Ohio d Mississippi.—Cincinnati, O., to East St.
Louisville branch, rrom North Yernon to Jeffersonville,
Ind., openod in
1869, 53 miles; total Ohio A Mississippi line, 393 miles; the Springfield
Division, Beardstown to Sliawneetown, Ill., 222 miles; total operated,
615 miles. The Eastern and Western divisions were sold in foreclosure
and the present Ohio A Mississippi Company consolidated November 21.
1867. On November 17,1876, the company was placed in the hands of
receivers, and afterwards Mr. John King, Jr., of the Baltimare A Ohio
Railroad, was appointed sole receiver. A suit is pending, brought to
of the Springfield Division in 18/5 as fraudulent and
phases of litigation in regard to this company have
been reported from time to time hi the Chronjclk.
There are yet
$97,000 of old first mortgage 7s, Western Division, outstanding. Suit
is also pending to foreclose Springfield Division.
Coyi>oiis of Oct. 1—
1879, and April 1, 1880, on second mortgage bonds were paid AprlL
1880 (the first since 18 76), and two more coupons on 2d mortgage and.
on Springfield
Division bonds November, 1880. See V. 31, p. 4SA.
Operations and earnings for five years past were as follows:
Years.
Miles.
Gross Earnings. Net Earnings.
$863,510
$3,204,480
623
842,306
3,382,032
619
635,107
2,090,187
5
864,542
3,136,836
til5
1*058,975
3,502,239
615
*
Eight months
annul the purchase
void. The various
With
Division, 217 miles, and Psnd d’Oreille Div.,
.
buy the stock of the Ohio Central Coal
—(V. 31, p. 358, 535, 607; V. 32. p. 70.)
par (3,704,217 acres), but has -(V
road; the Missouri Dir. bonds and Pend ▼. 29
are
67
the Mo.
....
Ohio Central.—The road completed will be 200 miles—Corning, O., to
Toledo, O. The stock was $4,400,000—par $100—and In January, 1881,
the Missouri River at
an
soiupieuou
165,429
522,933
21,474,699
3,485,220
542,670
144,326
24,534,667
3,369,125
101,396
472,172
22,439.405
3,645,831
558,816
170,917
28,037,799
3,769,830
—(V. 28, p. 277, 526; V 29, p. 16, 631; V. 30, p. 43,144, 323, 358, 494,
622; V. 31, p. 171, 358!, 429, 484, 560; V. 32, p. 70, 122.)
122
122
122
122
153
xliv
Subscribers
will confer a
1
first page
on
Ohio A
of tables.
1875-69
and fi
Consolidated mortgage, sterling
consolidated sinking fund mortgage
Spring.
A W
m
d<
d<
d<
and
registered
do
Pacific—1st mort., land grant, gold
Oswego A Rome—1st mortgage guaranteed
Income mortgage bonds
Oswego A Syracuse—Stock, 9 per cent guar
Mortgage bonds
Consol, mortgage (guar. D. L. & W.)
Paducah A Elizabethtown— 1st mortgage
m
•
1,000
1,000
1,000
1,000
140,000
1,915,000
1,584,000
7,333,800
100
500 &c.
lOOO&e.
390,500
32,000
1,692,000
1,000
1,000
1,000
1,000
m
m
500,000
1,100,000
2,000,000
1880
1865
1866
1,000
1,000
1,000
300,000
25,000 p. m.
350,000
200,000
(£1,000,000)
....
Hudson—Stock
*
A New York— 1st mortgage
Ptnnsyltan ta—Stock
839,200
1880
1,000
15
11
1,669
•
•
....
^
m
m
a
\
m
m
m
50
1870
1,000
A. & O.
3,969,000
M. & N.
<0
•
New York, Office.
London.
New York.
Q.—F.
3,000,000
•
& J.
J.
7,000,000
1867
100
£200
15
Paterson A
Paterson Newark
124,000
338,000
299,994
1,141,000
150,000
58A64 500 Ac.
1,000
1876
1,000
1877
1,000
1877
1880
1880
48
48
48
A. <fc O. New York and London.
M. & N. N.Y.,Farmers’ L. JiT.Co.
do
do
F. & A.
F. & A. N. Y., Del., L. & W. RR.
do
do
M. & N.
do
do
M. & 8.
F. & A. N. Y., Ex. Norton & Co.
do
do
April..
1,320,400
«...
income
pal,When Due.
Dividend.
Payable, and byj Stocks— Last
4,395,000
50
186
186
62
Bonds—Princi-
Frankfort O. M.
O
A.
10,950,000
m
\
New York, Office,
A. & O
do
do
J. & J.
London.
J. & J
New York, Office,
A. & O.
v
do
do
M. & N.
do
do
M. & N
M. & N. N. Y., Winslow, L. & Co
J. & J
i
Boston, Office,
do
Various
do
M. & S.
do
M. & S
do
J. & D.
do
M. & S
do
F. & A.
112,000
3,864,000
£200
Tables.
—
lorn.
Payable
6,545,850
1,000
Where
When
$174,000
$1,000
....
....
35
35
Youngstown—1st mortgage
General mortgage, sterling,
Sinking fund subsidy, gold
Passaic A Delaware—StocK
Value.
Amount
Rate per
Outstanding
Cent.
*
28%
income
Panama—Stock
•
*
Oregon
2d mortgage,
m
200
48
California—1st mortgage
Central—1st mortgage
mortgage
Painesrille A
m
m
m
do
do
Oregon
2d mortgage,
1871
1864
1874
1875
1876
1877
1870
m
do
do
do
Bonds
Oregon A
m
^
coupon.
do
Bonds
2d
•
•
•
•
228
85
454
Old Colony—Stock
Bonds (not mortgage)
Bonds
do
Bonds
do
Bonds
do
Par
1862
1868
1868
1871
1873
1874
1879
148
393
393
393
2d
to
Size, or
Date
of
Miles
of
Road. Bonds
Mississij ypi--(Gontinued)mded debt bonds.
Income
giving immediate notice of any error discovered in tbese
INTEREST OR DIVIDENDS.
great favor by
DESCRIPTION.
[Vol. XXXII.
BONDS.
STOCKS AND
RAILROAD
J.
630,000
500,000
68,870,200
19,999,760
M. <fe
N.
Q.—J.
Jan.
1, 1898
April, 1911
May 1, 1883
1, 1905
May 1, 1910*
Nov.
Jan. 1, 1881
1881
Sept. 1, 1884
March 1, 1894
Juno 1,1895
Sept..l, 1896
Aug. 1. 1897
April 1, 1890
July 15, 1891
Mch. 1, 1906
Oct. 1, 1900
May, 1915
Feb., 1891
Feb., 1881
1880 & 1885
1907
Feb. 1, 1897
Feb. 1, 1897
Jan. 1, 1910
Feb.* 1,"
Philadelphia, Office.
J Philadelphia & London.
1881
1884, '89 &’97
Nov. 1910
i881
4,
Jan.
New York.
& J.
April 1, 1882
Jan. 1, 1898
Nov! 30*
1880
1910
1879.
1878.
1877.
J. & J.; reg., A. & O.
$
$
$
270,853
Disbursements—
239,889
Ohio A West Virginia.— Road from Logan to Pomeroy, Ohio. 85 miles
209,468
9,939
12,932
12,500
built in 1880 under same management as Columbus & Hocking Valley Interest on debt
910,000
Drawbacks on produce...;
840,000
840,000
and Columbus & Toledo. Stock, $2,000,000. Bonds sold in New York,
250,000
Dividends
250,000
250,000
1880, by Winslow, Lanier & Co. (V. 31, p. 196, 511.)
Subsidy to U. S. Colombia.
Old Colony (’Mass.)—From Boston to Provincetown, Mass., 120 miles,
and lines to Kingston, Plymouth and Somerset Junction, Mass., and to
Balance, surplus
231,683
210,957
239,627
Newport, R. I.: total. 249 miles; numerous branches. 52 miles in all;
-(V. 28, p. 376, 402, 580, 381; V. 31, p. 511; V. 32, p. 156.)
length of all lines, 301 miles. The Cape Cod Railroad was
Passaic A Delaware —Summit, N. J., to Bemardsville, N. J., 15 miles.
this October 1. 1872.
In December, 1878, a contract of lease was made
the Boston Clinton Fitchburg & New Bedford for 999 years, the The New Jersey West Line Railroad was sold in foreclosure fnd this
with
Old Colony to operate that road and pay as rental 10% per cent of the company organized October, 1878, by parties identified with
& Essex lessees (Delaware Lackawanna & Western), by whom it is
gross earnings of both roads. The Wollaston disaster cost the company
operated. Nominal stock, $1,000,000. Samuel Sloan,
$348,453. The last annual report was in the Chronicle, V. 31, p.
York City.
in which it was stated: “During the year 4,000 shares of new stock
Paterson A Hudson— Jersey City, N. J., to Paterson. N. J., 15 miles.
have been sold for $-136,750. The money derived from this source has
been used to meet the indebtedness incurred by the purchase of the The road was opened in 1834, and leased in perpetuity September 9,
lands at Fall River, and to pay the maturing liabilities. Notes amount¬ 1852, to the New York & Erie, at a rental of $53,400 per year. J.
Rogers, President, New York City.
ing to $210,250 have been paid, and of the bonds falling due October
Paterson Newark A Neic York.—Leased to New York Lake Erie &
1880, $127,500 have been retired and canceled. For the payment
the bonds, $50,000 has been received from the trustees of the sinking Western at $35,000 per year.
fund established by the South Shore RR. Co. The outstanding debt has
Pennsylvania.—The lines owned by this company are from
thus been reduced by the sum of $337,750. Of the debt, $81,645 is
phia to Columbia, Pa., 80 miles; Harrisburg to Pittsburg, Pa.,
the form of notes payable, and of this $50,000 has been paid at the branches, 101 miles; total owned, 430 miles. Leased as a part of the
date of this report.”
main line, Harrisburg & Lancaster Railroad, 54 miles; other leased
Operations and earnings for five Freight (ton) Gross
years past were as follows Net Div. roads .and branches, 1,322 miles; total owned and leased, 1,806 miles.
Passenger
Mileage. Earnings. Earnings, p. ct The operations of the Pennsylvania Railroad cover so large a field
Years.
Miles. Mileage.
a reference to the annual reports is necessary to give any adequate idea
269 59,025,834 17,896,779 $2,122,518 $645,990 6
of its working and condition from year to year.
The 5 per cent
50,628,616 21,387,713 2,174,884 720,711 6
290
bonds of 1879 are issued to take up the first mortgage and Navy
58,245,895 18,446,307 2,077,616 703,278 6
301
Yard bonds due January. 1881.
An abstract of the latest report
453 72,805,238 42,450,366 2,798,029 1,090,799...
issued, that for 1879, was published in the Chronicle (V. 30, p.
1879-80
89,502,519 51,169,628 3,483,233 1,258,831 6
244), showing surplus net income of $1,797,191 after paying
—(V. 29, p. 537; V. 30, p. 15 ; V. 31, p. 533; V. 32, p. 44.)
charges and 4% per cent dividend. In 1879, on all lines east of Pittsburg
and Erie, the gross earnings were $2,983,544 over 1878 and net earnings
Oregon A California.—Iane of road—Portland, Or., to Roseburg,
miles. This company succeeded to the Oregon & Central Railroad, $624,978 over 1878. All the lines west of Pittsburg showed a
overall liabilities of $1,526,817, being a gain of $1,082,836 over 1878.
The total cost of stocks and bonds of other companies owned by Penn¬
Gen. M.,
....
Pb. to Pitts., coup.,
total
merged in
the Morris
President, New
533,
S.
1,
of
in
Philadel¬
249 miles;
that
199
promised with its bondhol
were $237,665.
(V. 27, p.
358, 437.)
Opened
St. Joseph, Oregon, 49 miles.
& California Railroad have obtained
extend it to South Corvallis, 50 miles.
operations. T. R. Cornelius, President,
Oregon Central.—Portland to
November 3f 1872. The Oregon
control of this line and propose to
In 1878 there was a net loss on
Portland, Oregon.
Pacific—Road in progress; projected line, 600 miles.'of which
Corvallis to Yaquima is to be finished immediately. Land
grant,
acres. See V. 31, p. 358, 383.
Oswego A Rowe.—Richland, N. Y., to Oswego, N. Y., 29 miles. Road
opened January 1,1866. It is leased to the Rome Watertown & Ogdensburg Railroad at 8 per cent on its stock and 7 per cent on guaranteed
bonds.
Oswego A Syracuse—Oswego, N. Y., to Syracuse, N. Y., 35 miles.
Leased in 1868 to the Delaware Lackawanna & Western Railroad Co.
for 9 per cent per year on stock and interest on bonds. In 1878-79 net
inoome was $120,767; payments, $151,141; deficit to lessees, $30,374;
1879-80, net, $186,856; payments, $152,471; surplus, $34,335.
Paducah A Elicdbethtown.—Elizabethtown to Paducah, Ky., 186 miles.
Formerly Elizabethtown & Paduoah, and again the Louisville Paducah
& Southwestern. The road and a branch to Louisville were foreclosed
August 24,1876. The Cecilian branch to Jvouisville, 45 miles, was sold
Oregon
60 miles from
Louisville & Nashville Railroad. The common stock is
$1,426,500 and preferred $1,426,500. An interest dividend of 4 per
cent was paid on income bonds in April, 1880, out of earnings of 1879.
Net eamiugs in 1879-80, $83,232. (V. 28, p. 402, 623; V. 30, p. 432.)
PainsvWe A Youngstown.—Fairport, Ohio, to Youngstown, Ohio, 62
miles. The company made default in its interest, and a receiver took
again to the
all
surplus
sylvania Railroad was $65,481,682. A scheme to buy up the company’s
guaranteed securities with $100,000 per month from earnings, and issue
cent scrip to stockholders for the cash so used, was adopted by
stockholders
March 26, 1878, but not carried out till November, 1878,
started at $50,000 per month. The entire amount paid
by the company into the Trust up to the end of 1879 was $700,000. There
purchased for the fund securities of the par value of $773,100, which yield an interest of 7% per cent per annum upon the investThe annual report for 1879 stated: “It having como to the
a
4 per
on
when it was
have been
meut.
had been made by other parties to
purchase of the. 59,149 shares of your
of the Sinking Fund, it was doomed
knowledge of your Board that offers
the City of Philadelphia for the
stock held by the Commissioners
wise for the protection of your interests,
the hands of parties whose interests
those of Philadelphia, to purchase
same
—
and to keep this stock out of
might be unfriendly thereto and to
the
at par. T The ~>aid for, is
transaction
---
,
ms
against
i.w.u v.* *c. •, have been
H iuw vmt u.
the sum of $1,600,00-- has been received in full
ment of the losses incurred by this company and the lines controlled by
it in the destruction of property at Pittsburg. The claims of
settle¬
individual
shippers and other corporations against the county are being generally
adjusted upon the same basis as that arrived at with the company.
tm.
i,uuui;ji
v/1
Autnuvi.j',
compromised, and
of
appreciated In market
the
estimated value of
and bonds owned by the company in consequence
revival of business have largely
notwithstanding this, the Board have charged against
profit and loss account a further reduction in the
doubtful securities, and, the report says, it is oeiieved that they are now
worth, at a fair appraisement, the full amount at wliich they are
upon the books. It will be remembered that out of these
Many of
the stocks
the general
value. But,
charged
assets the
required for construction purposes in 1879 was provided, and a
to the statements attached to the treasurer’s account will show
Josaession$192,000. 14, 1877. Road was sold bonds issued as above.
879, for February Under the reorganization in foreclosure Juno. 2,
the bonds and stocks owned by the company, including those
earnings, year ending June 30, 1880, $71,105; net, $7,236. Paul
acquired during the year, represent a par value December 31,1879, of
Wiok, President, Youngstown, Ohio.
Panama.—Aspinwall to Panama, 48 miles. Openod through January $100,143,984, at a cost of $65,481,652, as compared with a value Dec.
1878, of $99,751,338 and a cost of $66,670,510.
28,1856. This road had a practical monopoly of the California business 31,
Gross
$3,000,000 subsidy
annual subsidy
The report for three
account for 1879
of the Pacific Railroads in 1869. The
secured by a pledge of the sum of $225,000
payable to the U. 8. of Colombia by the company.
was in V. 30, p. 381, and the operations and income
till the opening
bonds
are
years were as
Passengers
follows:
carried
Freight (tons) moved
Receipts—
*
Net earnings
Rentals and interest
Other receipts
Total income
1877.
22,110
146,942
$
1,230,420
149,937
163,294
1,543,651
1878.
24,921
152,477
$
1,227.292
1879.
23,729
161,743
$
1,202,144
196,269
158,887
254.392
1,582,448
1.651.749
195,213
amoimt
reference
that
YEARS 1879 AND
Net income Pennsylvania RR. and branches, as above......
Net loss New Jersey Division, as above
Balance after deducting loss in operating New Jersey Div..
Deduct advances made to companies east of Pitts¬
GENERAL INCOME
ACCOUNT FOR THE
Summary.
1878.
1£79»
$7,482,480
939,889
$6,542,591
$802,780
600,000
mortgage sinking fund . 243,460—
Showing balance to credit of income account after deduct¬
ing therefrom all payments made during 1879 for which
burg, Pa
:
Payments to trust fund
Payments to consolidated
1,646,240
RAILROAD
188 l.J
February,
DESCRIPTION.
notes
explanation of column headings, &c., see
on
first page
of tables.
Amount
Outstanding
5781
8
9
lien (pay ’blein annual inst’lm’ts of $460,000)
Consol. M.,coup. J.& D.,& reg.Q.—M. is.f. 1 p. c.)
$
State
a
gold
do
....
bonds (sinking fund 10 per cent)
Pennsylvania Co.—Common stock
Preferred stock
...t
Car Trust
guaranteed
Peoria dk Bureau Valley—Stock
1st mortgage bonds
Peoi'ia Decatur'£ Evansville—Stock
(Pekin to Mattoon)
—
do
not accumulative
Istmort. (Evansville Div.), $1,470,000
Income bonds (Evansv. Div.), not cumulative
Peona Pekin dk Jacksonville- 1st mortgage
1st mort., gold
Income bonds,
■
....
....
....
105
105
46
47
181
....
75
75
83
83
38
38
2d mortgage
Perkiomen—1st mortgage
Consol, mort., gold, guar. P. & R., (sink, fund)
Peterborough f N. II.)—Stock —
Bonds (not mort.)* redeemable after 1882
Petersburg—Stock
1st mort. bonds (payable $25,000 yearly)
Philadelphia dk Balt. Central—1st mort. (Pa)
2d mortgage (Pa.)
1st mortgage (Md.)
Philadelphia Germantown dk Norristown—Stock.
Philadelphia dk Erie—Stock, common
...
50
50
....
.
.
.
1,000
1,000
....
1,000
1,000
100
.
1853
....
1,000
1,000
1880
1880
1880
1880
1864
1870
20 years in *77j.
1,000
500 &c.
1,000
385,000
100,500
1,324,200
500,000
300,000
82
82
82
36
36
10
29
287
....
1877
....
....
•
...»
....
40
287
•
•
•
100 &c.
100 &c.
100 &c.
50
50
50
1859
1869
1866
....
1857
1861
3,099,159
$1,797,191
4,057,815
$5,855,007
122,840
$5,977,847
Balance to credit of
deducted reduction in
profit and loss Dec. 31,1879
200,000
$5,777,847
1,596,773
$4,181,073
LINES WEST OF PITTSBURG.
following statement gives the result of the lines owned or con¬
The
trolled by the company
vania Company:
west of Pittsburg and operated by the Pennsyl¬
1878.
1879.
of the Pennsylvania Co. on
operated by it, and through organiza¬
The total earnings
lines
tions worked under
15,305,533
Leaving net earnings
From this deduct:
$23,790,228
15,184,805
$10,436,762
its control, were
Expenses for the same period were
$8,605,423
8,612,674
7,621,234
$1,824,088
$984,188
$25,742,296
Rentals, interest, dividends and liabilities of
thereto, including the
Columbus Chicago &
Indiana Central Railway, paid over to the
all kinds chargeable
net earnings of the
receiver under order of tlie court, and other
liabilities of the Pennsylvania Co., includ¬
ing $402,616 interest on the bonds held by
the
Pennsylvania Railroad Co
400,000
300,000
2.231,900
6,053,700
2,400,000
976,000
5,000,000
1,000
1,000
$4,896,350
Less amount of Pennsylvania Railroad’s consoli¬
dated mortgage bonds, redeemed during 1878...$100,000
Less amount paid in 1878 to the fund for the pur¬
chase of securities guaranteed by Pennsylvania
Railroad Oo., under trust created Oct. 9, 1878... 100,000—
800.000
g-
Payable, and by Stocks—Last
Dividend.
Whom.
Philadelphia, Office.
do
& D.
J.
do
A. & O. Pittsburgh, Co.’s
.
.
.
Offloe.
Philadelphia.
.
•
•
•
•
D. Phila., B’k N.
do
& D.
& A. N.Y.,Chic.,R.
& A.
do
!
T.
J.
F.
F.
&
J.
&
,
America,
do
1921
Jun6 1, 1896
June 1, 1906
Feb., 1881
I. <fc Pac.
do
Aug. 1, 1893
Nat'.
.
M. &
•
J.
A.
A.
J.
(?)
Demand.
July 5. 1907
do
do
Q.-J.
&
&
&
&
1, 1929
1, 1929
Sept. 1, 1929
Jan.
Jan.
J. N. Y., Met.
Bank.
do
do
S.
New York.
do
J. N. Y., Imp. & Trad. B’k.
do
do
O.
O.
Phila., 227 8. 4th at.
do
do
D.
Sept. 1, 1929
1, 1894
'■
May.
July
Oct. 1, 1909
Apr. 1, 1887
May, 1878
1, 1897
Jan., 1872
Oct,
Jan., 1879-’98
Q.-M. Phila., Treasurer of Co.
3
Philadelphia, Pa. RR.
7
6 & 6 g.
A. & O.
A. & O.
do
do
Philadelphia & London.
Operations and earnings for five years past, on
Miles.
904
963
Passenger
Mileage.
160,421,998
288,312,089
1913
June 1,
Nashua, Treasurer.
A. <fc O. Boston, N. E. Trust Co.
J. & J.
I. & J. N. Y. ,R. A. Lancaster&Co
do
do
J. & J.
Philadelphia, Office.
do
do
J. & J.
do
do
J. & J.
its branches, were as follows:
Years.
Annually.
June 15,1905
Dec. 1, 1909
Phil.,Pa.,Co.,forins.&c.
....
6 g.
6
6
6
7
7
6
6 g.
3
6
3
8
8
7
7
6
1,125.000
100
500 Ac.
100
1,000
pal/When Due-
Q.-M. Philadelphia & London.
3
6
6
4 *2g.
7
7
4
8
858,000
750,000
750,000
1873
accounts.
Balance
From which balance there has been
value of securities* etc
3,000,000
3,000,000
8,000,000
6,400,000
3,200,000
10,000,000
1,500,000
1,500,000
1,200,000
300,000
•5,000,000
1,287,000
100
of profit and loss, Dec. 31, 1878
Add amount realized from old
5,000.000
1867
the company was responsible, and that should be charged
against income account
Out of which were paid dividends of 41e per cent
Leaving amount to be transferred to credit of profit and loss
account for 1879
Add amount to credit
28,901,540
Where
When
Payable
A. & O.
5
6
5
0 g.
$4,091,675
1,000
...
1st mort., 8unbury& E. (extended
1st mortgage ($3,000,000 are £)
Rate per
Cent.
1,000,000
1,000,000
799,600
....
2d mortgage
....
1,000
1,000
1,000
1877
1877
1881
1866
1866
11
,
Preferred stock
1873
1879
1877
....
judgment bonds (held by Pennsylvania RR.) —
Reg. bonds, secured by P. Ft.W.& C. special stock
Bonds, gold, secured by pledge and guarantee—
Pennsylvania dk New York—1st mort., guar
1st mortgage,
aaa
.
Bon ds—Princi¬
INTEREST OR DIVIDENDS.
Miles
Date Size, or
Par
of
of
Road. Bonds Value.
Pennsylvania—( Continued )—
u
xlv
BONDS.
AND
fevor by giving immediate notice of any error discovered in these Tables.
Subscribers will confer a great
For
STOCKS
1902
Jan., 1879
Jan., 1909
Oct., 1891
Mar. 3.
Oct.
1881
1, 1897
Mar. 31,1881
main line proper and
Gross
Freight (ton)
Mileage.
Earnings.
1,479,414,466 $20,493,638
1,629,742,021 20,788,076
1,494,798,198 18,983,456
1,732,003,131 20,317,140
Net
Earnings.
$8,699,585
8,335,387
8,232,317
9,396,037
1,055
1,092
155,784,178 2,130,708,000 21,743,628 9,992,007
—(V. 29, p. 96, 146,162, 197. 226. 253, 330, 435, 564, 602. 680; V. 30,
p. 67, 117, 222, 244, 249, 274, 298, 323, 434, 494, 556, 675; V. 31, p.
20, 96, 123, 228, 306, 329,445, 454, 484, 589/673; V. 32, 122.)
Pennsylvania Company.—The Pennsylvania Company is a corporation
chartered by the Pennsylvania Legislature, April 7,1870, distinct from
the Pennsylvania Railroad, and operates all the leased lines west of
Pittsburg. The stock is owned by the Pennsylvania Railroad. The
whole number of miles operated or in any way controlled by this com¬
pany is 3,547. In 1879 the net income over rentals, interest, &c., was
$1,571,990 and advances to railroads charged off $219,335, leaving
$1,352,655 profit. An abstract of the company’s report for 1879, with
results on each road operated, was published in the Chronicle, April 24,
1880, with the balance sheet, &c. The registered bonds are secured by
deposit of $4,000,000 of Pittsburg Fort Wayne & Chicago special stock.
The gold bonds of 1921 are secured by a deposit in trust of the leases of
the Pittsb. Ft. Wayne & Cliic., and the Clevo. <fc Pittsb. railroads and are
also guaranteed by the Penna. RR. Co. They were issued to supply
funds for purchasing the C. C. A I. C bonds. (See V. 32, p. 122).—(V. 28,
p. 580; Y. 29, p. 118; Y. 30, p. 431; V. 32, p. 122.)
Pennsylvania dk New York (Canal and Pailway).—November 30,1880,
owned from Wilkesbarre, Pa., to New York State Line, 104 miles.
Branches to mines, 23 miles. Operated in connection with the Lehigh
Valley Railroad.
Common stock, $1,061,700, and preferred stock,
$4,000,000. Net earnings in 1878-9. $599,791; in 1879-80, $915,132.
Robert A. Packer, President, Sayre, Pa.
(V. 30, p. 220 ; V. 32, p. 98.)
Peoria dk Bureau Valley.—Bureau Junction to Peoria, Ill., 47 miles.
The road was leased iu perpetuity April 14, 1854, to the Chicago & Rock
Island Railroad at a rental of $125,000 per annum. Officers same as
1,055
143,153,521
142,036,106
Rock Island.
to Evansville, 250 miles, of
October, 1880. This road is a
consolidation of the Pekin Lincoln & Decatur RR. (formerly leased to
SUMMARY OF LINES DIRECTLY OPERATED EAST AND WEST OF PITTSBURG.
the Wabash) and the Decatur Mattoon & Southern and the Grayvill©
1879.
1878.
& Mattoon. The bonds were placed on N. Y. Stock Exchange in September,
Gtoss earnings, all lines, from traffic
$55,426,962 1880. See statement, V. 31, p. 329. (V. 30, p. 92, 222, 375, 434, 493;
$60,362,575
Gross expenses, excluding rentals, interest,
V. 31, p. 329.)
dividends, &o..
35,639,794
33,611,034
Peoria Pekin A Jacksonville.—Peoria, Ill., to Jacksonville, TU., 83 miles.
$21,815,928 The stock is $1,000,000 common and $239,700 preferred. Tho road was
Showing not earnings
$24,722,780
sold in foreclosure November 14,1879, for $950,000 to Solon Humphreys
Freight Traffic.
of Now York, reported to be for tho Wabash St. Louis & Pacific.
1878Gross
1879
Number of
Number of
Number of
Number of
earnings in 1877-78 were $227,501; net, $29,194. (V. 28, p. 554; V. 29,
tons.
tons one mile. p. 68, 226, 302, 539; V. 31, p. 123, 535.)
tons.
tons one mile.
East of Pittsburg
Perkiomen:.—Perkiomen Junction, Pa., to Emans Junction, 39 miles.
and Erie
24,970,672 3,061,478,249 19,121,977 2,431,807,656 The road was leased for nineteen years from August 1, 1868, to Phila¬
West of Pittsburg 20,166,334 2,272,716,185 16,871,837 1,814,100,152
delphia & Reading Railroad, and bonds—•L—1
guaranteed by the lessees; but.
Uny, 1879.
or three
Totals
35,993,814 4,245,907,808
45,137,006 5,334,194,434
Philadelphia.
Passenger Traffic.
-18781879tfe Reading compromise. Net earnings in 1880 were $118,602. (V. 30,
Number of
Number of
p. 64; V, 23, p. lol.)
Net profit on all lines west
of Pittsburg
..
,
,
Peona Decatur dk Evansville.—Peoria
which 60 miles remained to be finished
.
■*
.
,
Number of
passengers.
Number of
passengers
and Erie
West of Pittsburg
Totals...
passengers
13,602,401
8,261,565
314,260,989
269,515,697
12,792,305
8,041,074
292,725,524
247,275,166
21,803,966
East of Pittsburg
583,776,686
20,833,979
540,000.690
one
mile.
passengers
one mile.
in prices of Pennsylvania RR. stock in Phila¬
delphia, add the gross earnings on all lines east of Pittsburg & Erie have
boon;
Monthly Earnings
1878.
-Prices of Stock.1880.
Jan.. 351e-3238
Feb.. 35V3408
Mar.. 3514-34
April 37%-343a
52I2-5058
53 -5150
May. 38
-36^
June. 39i8-36^
July. 40»8-39i8
Aug. 4108-40
55
Sept.
6OI4-5714
62*3-57*^
43^-41 1q
Oot.. 48V42’a
Nov.. 6114-4708
Deo..
61^-4913
525t-5134
54V5238
-48
54
-1914
573Q-53
58«8-57^
63
-60
67*4-61i<j
1879.
$
$
67i4-6478 2,396,296 2,543,425
2,162,909 2,538,039
2,499.286 2,603,068
2,509,805 2,63* >,022
2,503,442 2,708,695
2,380,200 2,390,810
2,536,733 2,782,906
2,972,601 2,982,718
2.858,646 3,336,528
3,215,419 3,518,144
1881.
Peterborough—Wilton to Greenfield, N. H., 11
1880.
$
3,083,552
2,944,576
3.278,186
3,488,366
3,417,v*16
3,221,475
3.449,644
3,723,355
3,*47,543
3,882,714
*■£,996,101 3,131,997 3,574,913
ii 005,296 3,453,925 3,547,828
miles. Completed Jan.
& Lowell Railroad for 20 years from
cost of the road. In 1879 lessees withhold rental,
1,1874. and leased by Nashua
The monthly range
1879.
■
1873 at 6 per cent ou
but a suit was decided
in favor of Peterborough.
(V. 32, p. 16.)
James Scott, Presi¬
dent, Peterborough. N. H.
Petersburg.—Petersburg, Va., to Weldon, N. C., 64 miles. In May, 1877,
Receiver was appointed and foreclosure sale has been decreed.
In
1878-9 gross earnings were $202,986 net earnings $54,766. (V. 30, p.
249 ; V, 31, p. 306.)
Philadelphia Baltimore Central.—Westchester Junction toOotoraro,"
Md.. 46 miles; leased Chester Creek Railroad, 7 miles, and Columbia &
P. Deposit Railroad, 4 miles; total operated, 57 miles. Bonds areall
owned by Philadelphia Wilmington & Baltimore Central RR. Co. The
common stock is $220,606 and preferred $242,950.
J^ct earnings in
1877-8, $86,849 ; in 1876-7, $96,195; in 1875-6, $124,701.
Philadelphia Germantown dk Non'istown.—Philadelphia, Pa., to Norris¬
town, Pa., 17 miles; Germantown Branch, 3 miles; Plymouth Railr*>au,
9 miles; total, 29 miles. The property was leased Nov. iO, 1870, to:
Philadelphia & Reading Railroad for 999 years at a rental of $209,028
and $8,000 yearly for organization expenses. Dividends of 1- per cent
a
regularly paid.
.Philadelphia dk Eric.-Sunbury to Erie, 287 miles. Formerly Sunbury & Erie Railroad. It was leased to Pennsylvania Railroad for 9J9
per annum are
explanation of column headings, &o., seo
on lirst page of tables.
Miles
Date
of
of
Road. Bonds
notes
Erie—(Continued*—
2d mortgage
.Consol. M., gold (for
287
287
Eonds, guar, by Pliila. & Read
Philadelphia A Reading—Stock, common
Preferred stock.
Receivers’ certificates
Mortgage loans inconvertible
Loan mortgage, convertible
sterling
do
do
do
do
do
do
Loan debenture
Loan mortgage
’
779
779
779
779
779
j
•
(Extended in 1877.)
j
j
!
debentures, guaranteed
$3,000,000
8,680,000
1,000
32,726,375
1,551,800
1,800,000
1,510,500
79,000
182,400
967,200
1,000
1,000
745
750
Philadelphia Wilmington A Baltimore—Stock
convertible
1.000
100 Ace.
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
10 Ace.
90 &c.
1872-4
100
50
500
1858
1867
1872-4
1875
200
(for $10.000.000)
1,000
1872
TT--
.
£100
£500
1S80
1868
1,000
1,000
1,000
1.000
Rate i>er
Cent.
187-90.
*6*
-
1,135,300
2,700,000
10,649,000
6.999,000
968,000
10,499,900
9,364,000
19,686.000
2,331,000
10,000,000
700,000
800,000
1,000,000
6,541.000
pal,When Due.
Payable, and by
Where
4 & 6
6
6
5 g.
6
7
6
7
7
6 g.
6 g.
7
6
G g7
6
6
6 e.
Ac J. Philadelphia, Pa. RR.
Ac J. Philadelphia Ac London.
Q.-J.
Q.-J.
Philadelphia, Office.
J.
J.
J.
J.
A.
J.
J.
J.
J.
J.
J.
J.
J.
J.
London.
do
do
J.
J.
Philadelphia,
do
O.
do
D.
D. Philadelphia &
D.
Philadelphia,
July I, 1888
July, 1920
July 25,1876
do
do
do
do
do
do
do
do
....
Ac
Ac
&
&
&
&
Dividend.
Oet. 1, 1897
Jan. 25,1876
Philadelphia, Office.
J.
J.
J.
J.
J.
J.
A.
Stocks—Last
Whom.
Payable
A. Ac O.
2%j
3*2
134,400
3,472,973
1,832,760
586,000
13,036,500
1,731,000
1,259,100
11,585,750
240,500
1,000,000
When
J.
7
5 & 6 g. J.
1,200,000
700,000
50
1857
1836
1843
1867
1868
1868
1871
1871
1871
1873
1873
1874
1876
1879
1877
1877
1878
26
112
95
Philadelphia A Trenton—Stock
m., eons,
Outstanding
$1,000
1843-9
779
779
779
779
1
j
„
1st mortgage,
Value.
Amount
1880
j
Plain bonds, loan
do
do
do
do
do
do
Pitts. C.A St.L.—1st
or
Par
50
j
Debenture loan (convertible 1870-92), coup
j
Improvem’t mort., $ or £, sink’g fund, coup
j
Gen. mort., $ and £ (sink, fund 1 p. c. yearly)
j
Income mortgage (for $10,000,000)
i
Income mortgage of 1879
j
Debenture and guar, bonds, 6 percent eur’ey scrip!
Gen. mort. and Perkiomen 0 per cent ster’g scrip;
Bonds for Berks Co. Railroad
Coal Ac Iron Co., guar. mort. (for $30,000,000). ..I
do
....
Size,
50
1
Consolidated mort., $ loan,coupon or reg
do
do
gold, $ or £, coup
do
do
$, gold, coup, or reg
,
1868
1869
....
$20,000,000), guar by Pa. R.
ijhiladelphia Newtown A New York—btock
Loan mortgage,
these Tables.
Bonds—Prine£
INTEREST OR DIVIDENDS.
DESCRIPTION.
Philadelphia A
[Voi. XXXII.
notice of any error discovered in
favor by giving immediate
Subscriber* will confer a great
For
AND BONDS.
STOCKS
RAILROAD
Office.
do
&
do
&
&
London.
&
Office.
& J.
Philadelphia, Office.
Ac O Philadelphia or Londoi
Ac J. London Ac Philadelphia
& D.
Philadelphia, Office.
do
do
& D.
do
do
Ac " J.
Ac J. London Ac Philadelphia.
Philadelphia, Office.
3. 4 ,5, 0 M .Ac N.
V arious London Ac Philadelphia'.
7
M. & 8.
Philadelphia, Office.
7
Philadelphia, Office.
2 *2
Q.-J.
J. & J. Philadelphia Ac Boston.
4
do
do
J. Ac J.
6
do
do
A. & O.
6
A. Ac (). Phil’delpliia, Co.’s Office
6
do
do
A. & O.
6
do
do
J. & D.
5
F. Ac A. Pliila., Pa, RR. Office.
7
July, 1880
July, 1886
July, 1880
July, 1880
July 1, 1882
July 1, 1893
Oct, 1, 1893
June, 1911
June, 1911
June, 1911
Jan. 1, 1893
Oct. 1, 1897
July 1, 1908
Dec. 1, 1896
July, 1882
July, 1882
May 1, 1898
1892 to ’94
1892
Jan. 10, 1881
1881
July, 1884
April, 1887
Jan. 3,
Oct.
1.
1892
April 1. 1900
Juno, 1910
Aug. 1, 1900
The prices of Philadelphia Ac Reading stock in Philadelphia, and the
from January 1, 1SG2, the lessees to pay 30 per cent of gross
earnings of the railroad, monthly, have been as follows:
receipts as rental, but modified January 1, 1870, so that actual net
——Monthly Earnings.
,
receipts are paid as rental. The consolidated mortgage is guaranteed by
1879.
1880.
1878.
Prices of Stock.
the Pennsylvania Railroad. The bonds due March ’81 will be paid and
$
1881.
$
18S0.
$ •
1879.
the consol, guaranteed bonds at 5 per cent issued to same amount. The
957,915' 1,316,089
unpaid coupons of $1,508,459 are held by the lessee for advances. Jan.. 133s-ll *2 36V33% 34*2-25%
673,9S0
Last annual report*was in V. 32, p. 204;. Operations and earnings for Feb.. 13 V12*4 35 -32
877,865 1,063,309
525,410
live years past were as follows:
695,334 1,011,142 1,457,321
Mar
13V12% 36 -34%
Net
Gross
Freight (ion)
991,028 1,142,864 1,496,330
Passenger
April 1594-12% 3538-29*4
Earnings.
Earnings. May. 22 VI5 *2 30 %- 878
Miles.
Mileage.
1,280,014 1,332,547 1,457,881
Mileage,
Years.
years
,
.
,
.
1876
1877
1878
1879
1880
.
.
.
.
.
287
287
287
287
287
22,425,613
12,466,005
11,444,005
11,562,653
............
$3,352,979 $1,104,533
3,172,993 1,123,366
2,921,060
87.6,111
310,390,703
335,727,111
381,300,202
505,918,017
3,091,807
961,549
3,727,733
......
1,369,379
—(V. 30, p. 190, V. 31, p. 653; V. 32, p. 204.)
Philadelphia Newtown A New York.—From Newtown Junction to
miles. Capital stock, $4,200,000. On November 10,
1879, the Philadelphia & Reading Railroad purchased 12,012 shares,
giving control of the property, and guaranteed the bonds
(See
Newtown, Pa., 22
Chronicle, V. 29, p. 512.;
Philadelphia A Reading.—Main line, Philadelphia to Mount. Carbon,
Pa., 98 miles; branch lines owned, 233 miles; leased lines, 495
miles; other lines controlled, 66 miles; total operated, 892 lines. In
May, 1879, This company leased for 990 years the North Pennsylvania
Railroad and Delaware Ac Bound Brook Railroad, and at same time gave
up the Perkiomen Railroad.
(See terms of lease under names of those
Companies.) The Berks County RR. was purchased at foreclosure and
paid for in bonds. The main business of this company has been the trans¬
portation of anthracite coal.
The Philadelphia Ac Reading Coal Ac Iron
formed (Dec. 12, 1871) for the purpose of own¬
ing and working the extensive coal properties of this company. The
Philadelphia Ac Reading RR. Company owns all the stock of the Coal Ac Iron
Company, and the trustees of the general mortgage of 1874 hold the bonds
Company is a corporation
of the Coal Ac Iron Company. Between 1870 and 1876 this corporation
increased heavily its capital account in the purchase of new properties,
and after paying 10 per cent dividends for many years ceased to pay
after January, 1876. The company was unable to meet all its obliga¬
June. 2058-1914
July. 2110-1834
Aug.. 21*4-16*4
Sept. 19 %-l 6 :?4
Oct.. 32V19
Nov.. 37%-30
Dec.. 36 -3234
1,498,658
987,721
1,402,792
779,481
1,408,674
1,683,022
881,656
22*4-16%
19 VI 3*2
12V 9*g
16*4-11*2
23V14 *4
27*4-20
27*8-22 %
1,343,014 1,398,536
1,303*522 1,282,835
1,462,280 1,531,813
1,374,013 2,089,256
1,542,911 1,746,298
1.531,204
1,442,587
Operations and earnings for five years past were as follows:
Years.
799
1875-6... ...799
1876-7...
799
799
1877-8...
892
1878-9...
1874-5...
Gross
Net
Freight (ton)
Earnings.
Revenue.
Mileage,.*
555,128,028 $12,600,927 $7,162,644
12,227,510 3,717,161
556,121,169
12,142,910 4,468,493
711,526,398
11,539,593 4,419,591
610,492,192
13,106,352 4,161,763
818,396,913
Passenger
Miles.
...
...
...
...
Mileage.
76.556,003
123,871,237
74,315,237
75,110,715
98,982,902
*
Including coal.
—(V. 30, p. 64, 118, 222, '314, 434. 494, 555, 567,050; V. 31, p. 21, 46*
69, 123, 171, 205, 230, 248, 307, 329, 359, 383. 406, 429, 445, 474, 511,
536, 560, 589, 600, 607, 673; V. 32, p. 16,17,44,70,101,122,156,
184, 206.)
Philadelphia A Ti'cnton.—Philadelphia, Pa., to Morrisville, Pa., 27
O11 Dec. 1, 1871, it was leased with the United Companies of
New Jersey to the Pennsylvania Railroad, and is operated as a part of
its New York division. Regular dividends of 10 per cent are paid.
miles.
Philadelphia Wilmington A Baltimore.—Philadelphia, Pa., to Balti¬
Md., 96 miles; Port Deposit Branch, 4 miles; Southern Division "to
Rodney Ac Newcastle, Del., 12 miles; total,main lino and branches, 112
miles; Delaware Railroad (leased), 95 miles; total operated, 207 miles.
This road, on the main line to Pliiladelphia and Washington, has paid 8
per cent dividend for many years, with a considerable surplus. - In May,
1880, purchased two-thirds of stock of the West Chester Philadel. EE.
appointed Receivers of the railroad and coal companies. (See V. 30, p. (See V. 30, p. 545.) For the terms of Delaware lease, see Delaware RR.
567.)
Receivers’ certificates for $2,000,000 were issued, of which Operations and earnings for five years past were as follows:
$600,000 were paid by Oct. 25, 1880. At Philadelphia, July 1, a bill
Passenger Freight (ton)
Gross
Net
Div’d
was filed for the foreclosure of the general mortgage of 1874.
Interest Years.
Miles.
Mileage.
Earnings. Earnings. p. ct.
Mileage.
was paid only on the consolidated mortgage of 1871 and prior mort¬
1875-6... 100 104,810,706 38,094,439 $3,305,438 $1,576,044
gages. In September certain interest was paid on the coal land mort¬
1,161,216
2,916,250
1S76-7... Ill
59,160,438 42,089,750
gages at reduced rates, and Nov. 9 one-half of the July coupon on the
1,095,103
2,660,446
112
60,504,494 46,080,501
general mortgage, and whole coupon of 6 per cent sterling serin of 1877.
1,282,178
112
62,102,597 58,146,546 2,849,919
The report of the Receivers is .'given in V. 31, p. 69.
'The plan
1,866,223
3,263,110
for raising $10,000,000 by deferred income bonds for $34,277,375, to
(V. 30, p. 545; V. 32, p. 68.)
draw interest only after 6 per cent is paid on the present stock, also to
issue a new mortgage for $150,000,000, are referred to at length in V.
Pittsburg Cincinnati A St. Louis.—From Pittsburg, Pa., to Columbus*
31, p. 511, 536, 607, and in V. 32, pages indexed below.
O., 193 miles; branch to Cadiz. O., 8 miles; total, 201 miles. This was a
annual report for 1879, published in the Chronicle, V. 30, p. 64, consolidation of several companies, May 1, 1868, including the Steuben¬
The
gave the condition Nov. 30, 1879, together with the estimate of the ville Ac Indiana and the Pan Handle roads. Tins companv is controlled
managers as to the company’s prospects substantially as follows:
by the Pennsylvania Company, through the ow nership of a majority of
its stock. This company also holds leases of the Little Miami and it»
ESTIMATE FOR 1880.
dependencies and of the Columbus Chicago & Indiana Central road*
The
following table shows a comparison between the actual results which are operated by the Pennsylvania Company, and their earnings
of 1879 and the managers’estimates for 1880. In the table for 1879
the total receipts, expenses and rentals of the North Pennsylvania Rail¬ separately stated. Common stock, $2,508,000; first preferred, $2,929,Gross earnings in 1879 of road
road and the Delaware Ac Bouud Brook Railroad for an enure year are 200; second preferred, $3,000,000.
proper, $3,606,107;
net', $1,602,546; surplus over interest, &c.,
Included, in order to facilitate comparison with 1880:
$605,480. Loss on leased lines, &c., $193,480; net profit, $412,000.
..
1880.
T879.
Coal transportation
$7,291,989
$12,150,000 Operations and earnings for five years past were as follows;
tions, and in March, 1877, holders of the general mortgage bonds and
Periokmen guaranteed bonds agreed to take one-half their coupons for
three years in 6 percent scrip; and holders of convertible and debenture
bonds to take 6 per cent scrip in payment of their coupons for five years.
The scrip is convertible into income mortgage bonds.
In May, 1880, the company suspended payment, and on May 24
Franklin B. Gowen. Edwin M. Lewis and Stephen A. Caldwell were
more,
-
^
Merchandise transportation
4,156,055
2,233,656
118,263
Passenger transportation
Miscellaneous receipts
For ship, coal at Pt. Richmond
and Eliza’port
.$13,799,963
.
9,810,351
5,000,000
2,500.000
150,000
400 000
$20,200,000
11,500,000
<Coal<k Iron Company.
Interest account, including full sinking
for 1879 on all sinking-fund debts
Net profits
$3,989,612
$8,700,000
Loss.
.
Years.
1875...,.
1876.....
1877
1878
1879
Miles.
201
201
201
201
201
Passenger
Mileage.
29,524,628
42,253,185
28,622,519
28,804,112
31,535,558
2,500,000
$3,290162
$11,200,000
funds
7,000,000
$i,20Q,OOtt
Net earnings
Bills payable issued..
Rentals and interest.
*
•
Earnings.
$3,185,248
249,969,882
236,678,518
287,757,418
367,377,011
3,283,683
3,108,193
3,176,371
3,606,107
INCOME
Net
Earnings.
$743,240
895,837
1,085,280
1,186,764
1*602,540
follows:
ACCOUNT.*
1877.
187$*
$
$
$
836,827
1,075,049
1,186,763
1*599,562
869,910
19,161
10,230
24,854
14^022
1876.
Receipts—
Gross
Mileage.
207,521,453
Comparative statistics for four years were as
ProJit.
699,450
Freight (ton
.
Exclusive of CoL Chie. & lad. Cant*
1879.
$
RAILROAD
PfcWr.JARY, 1881.]
DESCRIPTION.
Miles
Date
ol
of
Road. Bonds
explanation of column headings, Ac., see notes
on
Pittsburg
first page
of tables.
Cincinnati dk St. Louis—( Continued)—
2d mortgage
1st mortgage. Steubenville A Ind.,
Col. A Newark Division bonds
200
117
33
149
10
149
468
468
468
468
468
468
468
reorganized..
Piltsb. dk Connellsville.—1st mortgage
1st
Turtle Creek division
do
Consol, mort., guar. B. A O. (s. f. £7,200 pr. yr.).
Pittsburg Ft. Wayne d Chicago—Stock, guar
Special improvement stock, guaranteed
1st
do ~
1st
do
do
1st
1st
1st
2d
do
do
do
do
do
do
do
do
do
2d
2d
2d
2d
2d
3d
do
do
do
do
do
dto
do
do
do
do
do
B
C
D
E
F
G
H
I
K
L
M
Bonds
all
cou¬
468
468
468
468
468
•
Port lioyal d Augusta—1st mortgage
Income mortgage bonds, coup
•
60
94
$
500,072
*6,642,163
8,227,514
$
820,123
669,790
75,848
1864
1868
1859
1876
$1,000
$2,500,000
1,000
1,000
1,000
3,000,000
456,000
4,000,000
100 Ac.
£200
50
1,000
50
.
....
....
1878
1878
1870
1871
100
100
500
100
1879.
$
711,466
2,123,144
$
2,325,050
$
828,127
669,790
132,944
821,299
833,625
136,980
Balance, surplus
Total
283,390
105,000
105,000
105,000
46,375
65,200
13,422
38 693
16,144
412,002
2,437,383
To C.C.A I.C. acc’t, 75
Loss on St.L.V.A T.H.
+6,496,956
112,384
491,589
56,468
18,160
Miscellan’s accounts.
Advances C. A M.Val.
8,227,514
2,123,144
2,325,050
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
$
1878.
$
19,942,295
19,942,295
85,498
317,855
644,952
1,158,840
317,855
651,671
1,361,789
$
19,942,295
|| 58,398
|| 317,855
660,293
1,202,433
§454,013
§517,928
§541,607
59,316
329,178
64,639
92,312
291,868
64,639
237,543
37,504
23,056,586
23,297,655
23,062,567
1876.
1877.
$
Assets—
Railroad,oquipm’fc, Ac 19,947,755
Stocks owned, cost...
Bonds owned, cost...
Betterm’ts to l’sed r’ds
Bills A; acc’ts rec’vable
257,298
485,655
851,932
1,494,920
Materials, fuel, Ac...
210,479
Cash on hand
373,870
Deficit in assets
**6,031,208
Miscellaneous items
It 64,639
.
Total assets
Liabilities—
29,820,756
Stock, common
2,508,000
Stock, preferred
5,928,600
Bds. (see Supplem’t). 15,008,061
Bills payable
3,509,223
All other dues & acc’ts
1,447,138
Due Little Miami....
902,479
Due C. C. & I. C
184,601
64,639
2,508,000
5,929,200
12,508,061
2,508,000
5,929,200
12,497,000
2,508,000
5,929,200
12,497,000
i,954
956,898
888,808
184,601
888,783
72
726,893
262,500
889,060
184,601
262,500
262,500
262,500
70,154
53,210
70,648
65,590
29,820,756
23,056,586
23,297,655
23,062,567
Cin. Street Conn. bds.
Miscellaneous
Total liabilities.
.
57,298
1879.
.
184,601
*
Includes—Sale of preferred stock St. Louis Vandalia & Terre Haute,
$200,000; sale Union Depot bonds, $186,000; amount of certain liabili¬
ties canceled and surrendered by Pennsylvania Co., $5,866,721.
t Includes $180,400 bills payable of this company, canceled and sur¬
rendered by Pennsylvania Co.
t Includes—Reduction of second mortgage bonds, $2,500,000; reduc¬
tion of bills payable, $3,509,221.
|| Stocks and bonds as follows: Little Miami, $1,100 stock, $8,000
bonds; Little Miami Elevated stock, $20,000; Dayton & Western bonds,
$34,855; C. C. & I.C. bonds. $275,000.
§ Includes supplies March 31, 1875, transferred.
**
This item explained in note to income account for 1876, above.
tt Additions to Cincinnati Street Connecting RR.
—(V. 28, p. 376; V. 29, p.539; V. 30, p. 118, 293, 381; V. 32, p. 155.)
Pittsburg dk Connellsville—^Pittsburg, Pa., to Cumberland, Md., 150
miles; branch, 2 miles; leased lines, 22 miles; total, 174 miles. On
December 13 .1875, the property was leased to the Baltimore & Ohio
Railroad, and possession given January 1,1876. The rental is interest
on the debt and £7-200
sterling as an annual sinking fund. The city of
Baltimore transfen ed its interest to the Baltimore & Ohio Railroad for
$1,000,000, and the consolidated sterling mortgage was made and guar¬
anteed by the Baltimore & Ohio. It is operated as the
Pittsburg Division
of the
Baltimore A
Ohio Railroad. In February', 1880, a judgment in
Baltimore A Ohio Company was confessed for $4,354,748.
Stock
$1,955,741. In 1879-80 the net earnings were $1,011,827. (V. 29,
lav or o
is
p. 535 ;
V. 30, p. 249.)
Pittsburg Fort Wayne dk Chicago.—Pittsburg, Pa., to Chicago, Ill., 468
miles.
The company made default Oct. 1,1857, and again in 1859, and
foreclosed Oct. 24, 1861, and reorganized pnder this title Feb. 26,
1862. On June 27,1869, the
company leased all its road and property
to the
Pennsylvania Railroad at a rental equivalent to interest, sinkmgjfund of debt, and 7 per cent on $19,f14,286 stock, which was
increased at that time from $11,500,000.
The lease was transferred
subsequently to the Pennsylvania Company.
toe road
The lessees are to keep
The Pittsburg Ft.
Wayne & Chicago leases the Newcastle A Beaver Valley and the Law¬
rence roads, which in turn are leased
again by the Pennsylvania ComOf the 1st mortgage bonds,
$1,121,000, and of the 2d mortgage
*P*»210,000, and $285,000 cash, were held in the sinking funds Jan. 1,
1880. The special
improvement stock is issued to Pennsylvania RR.
iot
in
repair and also pay taxes, expenses, Ac.
improvements, Ac., under article 16 of lease, viz.:
Article 16. The party of the first part hereby agrees that, for the
Jmrposo of
enabling the party of the second part to meet the obligations
A. & O.
M’nthly
Pliila., Pa.,
N. Y.
RR. Office.
Agent 57 B’way.
,
J.
7
7
7
7
7
7
7
7
7
7
7
7
7
7
8
A J. Phila.. Pa. RR. Office.
A J. Balt., Balt. A Ohio RR.
F. A A. Pittsb., First Nat. Bank
J. A J. London. J.S.Morgan ACo
Q.-J. N. Y., Winslow. L. A Co.
do
do
Q.—J.
do
J. A J.
do
F. A A.
do
do
M. A S.
do
do
A. A O.
do
do
M. A N.
do
do
J. A D.
do
do
do
J. A J.
do
F. A A.
do
do
M. A S.
do
do
A. A O.
do
do
M. A N.
do
do
J. A D.
do
do
A. A O
do
do
J. A J.
do
do
M. A 8.
do
do
6 g7 g.
J. A J. New
A. A O.
6
6
6
6
J.
J.
J.
1%
1^
875,000
875,000
860,000
860,000
860,000
860,000
860,000
860,000
2,000,000
100,000
1,000,000
2,350,000
2.000,000
1,583,000
500,000
724,276
250,000
1,500,000
800,000
2,268,000
Ac.
Ac.
Ac.
Ac.
$
449,688
t 461,839
7
6
7
7
6
6 g.
6,500,000
19,714.285
6,461,500
875,000
875,000
875,000
875,000
1875-960
1,000
Bo nds—Princi¬
Rate per When Where Payable, and by
Cent.
Whom.
Payable
326,600
187965.
100
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
....
....
Amount
Outstanding
1,000
1,000
xlvii
notice of any error discovered In tbese Tables.
Par
Value.
$100
1878
BONDS.
INTEREST OR DIVIDENDS.
Size, or
....
1871
1862
1862
1862
1862
1862
1862
1862
1862
1862
1862
1863
1862
1862
1857
1874
1878.
1877.
669,790
64,053
214,462
•
•
....
Portland dk Ogaensb.—1st mort., gold
Mortgage (tor $3,300,006)
2,437,383
$
810,477
•
•
70
70
30
21
23
112
Piiisb. Ya. d Charleston—1st mortgage, gold
Pomeroy d State Line—Stock
Port Jervis d Monticello—Stock
Total income
Disbursements—
Rentals paid
Interest on debt
Other
•
•
Equipment bonds (renewed)
Pittsburg d Lake Erie— Stock
1st mortgage, gold, coupon
...
,
468
468
ble to order.
Pittsburg, Ft. Wayne A Chic, construction bonds.
Net from leased roads
All other accounts
1873
1864
468
pon, but may
be made paya¬
1876.
$
380,231
331,254
AND
*a great favor by giving Immediate
Sabicrlbern will confer
For
STOCKS
J.
-
pal, When Due
Stocks—Last
Dividend.
April 1, 1913
May, 1884
Jan., 1890
July, 1898
Aug. 1, 1882
Jan. 1, 1926
Jan. 4, 1881
Jnn.
1.
1881
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Jan. 1,
Mch. 1,
1912
1912
1912
1912
1912
1912
1912
1912
1912
1912
1912
1912
1912
1887
1884
July
July
July
July
July
July
July
July
July
July
July
July
July
.
'
g.
gg.
g.
York
and
Phila.
Philadelphia.
J. N. Y., Office, 252 B’way.
A J.
do
do
A J. Portland, Treas. Office.
M. A N.
do
do
A
July 1, i928
April 1, 1902
Jan. 1, 1899
Jan. 1, 1899
Jan., 1900
Nov., 1901
of the party of the first part to the public, by making from time to time
such improvements upon and additions to the said Pittsburg Fort Wayne
A Chicago Railway, in the extension of facilities for increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron
rails, the party of the first part will issue, from time to time, a special
stock, which shall bear such name as shall be hereafter agreed upon, or
bonds, or other securities, which shall be issued in such form as may,
from time .to time, be found to be most available with respect to economy
of interest and negotiability, and shall be consistent with the legal
powers of the party of the first part and the rights secured by these
presents, which special stock, or bonds, or other securities, shall bo
issued on the conditions following: The said party of the second part
shall guarantee the payment, semi-annually or quarterly, thereon of
such rate of interest as may be agreed upon between the parties hereto,
to be paid try the said party of the second part to the holders thereof
without deduction from the rent hereinbefore reserved; and the said
special stock, or bonds, or other securities, shall be issued only in respect
to improvements of and additions to the said railway which, and esti-.
mates and specifications of which, shall have been submitted to and
approved by the said party of the first part in writing; and all such
improvements or additions shall be made in such manner as shall be
approved by the said party of the first part. The party of the first part
shall not at any time, during the term aforesaid and the continuance of
this lease, jmake or issue any bond or obligation, in addition to the bonds
hereinbefore specified, except subject to this lease, without the consent
in writing of the said party of the second part first had and obtained
thereunto.”
The lease has been profitable to the lessees.
for five years past wrere as follows:
Years.
Passenger
Miles.
Mileage.
468
84,262,377
468 107,790,180
468
76,466,488
468
77,819,493
468
86,406,476
-
Operations and eamingB
Freight (ton)
Gross
Net
Mileage.
Earnings.
Earnings,
$3,278,398
491,289,899
567.572,005
439,998,281
637,470,506
803,053,260
$7,863,664
7,853,848
7,020,545
7,872,476
8.461,563
Div’d
p. ct.
3,066,687
2,956,147
3,529,085
3,729,298
*
7
7
7
7
7
-(V. 30. p. 674.)
Pittsburg d Lake Erie.—Dec. 31, 1880, owned from Pittsburg, Pa to
Youngstown, O., 68 miles; branch line to Newcastle, Pa., 3 miles; total,
71 miles. Opened Feb. 1,1879.
Floating debt, $96,078. The gross
earnings in 1879 were $335,648, net, $157,923; gross in 1880, $841,256,
net, $442,244.
The Lake Shore A Michigan Southern subscribed for
$200,000 of the stock. (V. 28, p. 113, 147; V. 30, p. 141; V. 23, p. 62,
,
101.)
Pittsburg Virginia d Charleston— From Birmingham Pa., to Mononga-
hela
City, Pa., 30 utiles. The stock is $676,613. Of the bonds, $500,000the Pennsylvania Railroad. Net earnings in 1876 were
$-40,346; in 1877, $34,610; in 1878, $52,293 ; in 1379, $37,08 4. (V. 28,
p. 113.)
are
owned by
Pomeroy d State
miles.
Line.—Pomeroy, Pa., to Delaware State line, 21
was leased to the Pennsylvania
Railroad, with net earnings as rental. On August 12, 1879, the road
was sold in foreclosure for $100,000, and this company organized, as
owners of this part of the road, w'hich connects with the Newark A Del
City RR., 17 miles. Strickland Kneass, President. Philadelphia. (See
V. 29, p. 162; V. 30, p. 170.)
The former Penn. A Del. RR.
Port Jervis dk Monticello.—From Port Jervis, N. Y., to Monticello, N. Y.,
24 miles. Formerly the Monticello A Port Jervis Railroad, which was
sold in foreclosure July 16, 1875, and reorganized as the present Port
Jervis A Monticello.
Gross earnings in 1879 $25,806; net earnings,
The stock is $724,276, issued to the former holders of first
mortgage bonds.
Port lioyal dk Augusta.—Line of road, Port Royal, S. C., to Augusta, Ga.,
$1,616.
112 miles.
Formerly Port Royal Railroad. Defaulted Nov. 1, 1873,
and receiver appointed May 9, 1875. Sold in foreclosure June 6, 1878,
and purchased for the bondholders, who organized this company. The
Georgia Railroad was endorser on $500,000 of the old bonds, in Jan.,
’81, 2 per cent for 1879 was paid on income bonds. The new stock is
$750,000. (V. 30, p. 466, V. 31, p. 653.)
Portland dk Ogdensburg.—Sept. 30, 1880, owned from Portland Me.,
to Fabyaus, 91 miles. It reaches the Vermont Division (now St. Jolms-
bury A Lake Champlain) by using 14 miles of the Boston Concord A
Montreal RR. and a 3-mile link of its own. Stock, $1,052,185. A suit
iu equity was begun by holders of the 1871 mortgage in February, 1881*
Earnings of this road for five years past were as follows:
Years.
Miles.
94
94
94
94
94
$234,980
Net Eam’gs
$91,066
262,764
270,783
271,493
69,431
83,574
92,295
Gross Eam’gs.
—(V. 28, p. 144, 200; V. 29, p. 253, 435, 632
T. 31, p. 21; V. 32, p. 206.)
292,659
V. 30,
p.
102,695
142, 170, 651
on
first page
Miles
headings, Ac., see notes
of tables.
mort., s. f. (Portl. loan) “A”.
mortgage, equal lien
do
(Portland loan) sinking fund, “B”.
JPortl. d Rochester—1st
1st
2d
Pm .Mnd Saco d Portsmouth—Stook
Portsmouth d Dover—Stock
Portsmouth Gt. Falls &
1st mortgage
11887756-69-.0.
of
51
11
71
71
42
2d mort.
97
40
mortgage, coupon
40
15
181
79
35
250
199
....
.
registered.
Dollar loan
Coupon bonds of 1881
Richmond d Petersburg—Stock
1st mortgage, coupon
New mortgage
.
.
.
-
10
1877
1873
1862
1864
1873
....
1,000
100 Ac.
....
1880
100
....
....
....
....
....
142
1,000
1867
1874
• •
• •
....
....
25
25
25
:
1873
•
•••
....
....
.
• •
.
.
••
....
....
1,000
1870
1875
500
1188774-65-99«.0
J,
& J.
J.
M.
J.
J.
J.
A J.
& S.
*
&
A
A
M A
D.
J.
J.
N.
Stocks—Last
Dividend.
Columbian B’k. July 1, 1887
do
do
Various
Boston, Office.
J. A J.
Portsmouth, Treas,
J. A J.
J. & J. Bost., Easteru RR. Co.
do
do
J. & D.
do
do
Providence, Office.
do
do
Phila.,Pa.,A Ral’gli.N.C.
N. Y., Union Nat. Bank.
Columbia, First Nat.B’k
Pliila., Co.’s Office.
N. Y., Nat. B’k Com’rce.
N.Y., Del.A H.Canal Co.
1, 1887
Oct.
Sept. 1, 1891
Jan. 1, 1881
July 15, 1873
Juno 1, 1937
July 1, 1892
1, 1881
Jan.
1897
Jan., 1898
Mch. 1, 1882
June, 1884
1893
July 1,
1, 1881
Nov., 1921
Jan.
3, 1881
1880
Jan. 1, 1875
1878 to’90
Jan.
•
1,009,300
152,000
50,000
100
....
& J. Boston,
Richmond, Office.
J A J.
6
do
J. A J.
6
M. A N. N. Y.,Nat. City Bank.
6
do
do
6 g4
do
do
8
6’70 A. A O. New York or Richmond
London.
6 g. J. A J.
Richmond, Office.
Various
6 & 7
J. A J Phil.,Townsend W.ACo.
8
Richmond, Office.
J. A J
3
do
do
A. A O.
8
do
do
M. A N.
7
500,000
500,000
57,327
177,516
450,000
....
Whom.
Is-
1,728,000
•••
•
....
187-9.032
350,000
7,000,000
1,925,000
800,000
5,000,000
3,866,000
508,486
109,400
1,766,900
1,000
1871
....
49
29
350.000
1,000
100 Ac.
100
pal,When Due-
Payable, and by
Payable
A. & O.
4^
7
3
6
8
7
7
7
4
7
7
DIVIDENDS.
Where
When
J.
6
7
6
3
3
3
450,000
1,500,000
709,000
770,000
1,000,000
535,000
500,000
2,000,000
1,242,000
820,000
650,000
100
....
Cent.
350,000
....
....
Rate per
$700,000
100
100
100
500 &c.
1877
• • •
2d mortgage, coupon
general mort., gold (for $0,000,000)
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar
Rick'd Iredericksburg d Potomac—Bonds, ster
Outstanding
Value.
....
67
Raleigh d Gaston—1st mortgage
New
Par
....
23
•
Lancaster & Reading, 1st mortgage...
Rensselaer d Saratoga—Stack
1st mortgage, consolidated (for $2,000,000)
Rhinebeck <€• Conn.—1st mortgage, gold
Richmond d Alleghany—1st mortgage, gold
Richmond d Danville Stock
State sinking fund loan
Bonds, guaranteed by State
-3d mortgage, consolidated, coupon or
Amount
52Lj 1867-9 $500Ac.
500 &c.
52*2 1870
52^ 1871 500 Ac.
Worcester—Stock
Reading d Columbia—1st
Size,'or
Date
of
Road. Bonds
Conway—Stock
Poughkeepsie Hartford & Boston— 1st and
Providence d Springfield—1st mortgage
Providence d
New bonds
discovered In these Tables.
Bonds—Prinei
INTEREST OR
DESCRIPTION.
explanation of column
[Vou xxxii.
immediate notice of any.error
great favor by giving
Subscribers will confer a
For
BONDS.
RAILROAD STOCKS AND
• • •
1
XiVin
-
'
» -
1888
•
1885
1880-85
188l-'90
Jan. 6, 1881
1881 to’86
May 1, 1915
Net Div.
Earnings p.e.
$506,782 8
21.797,913
2,470,367 1,160,344
8
54,333,707
-(V. 29, p. 581; V. 31, p. 357, 483; V. 32, p. 98.)
Rhinebeck d Connecticut.—Rliinecliff, N. Y., to Boston Comor, N. Y.,
35 miles. Opened April 4, 1875. Leases 6 miles to Connecticut State
earnings
line. Stock, $614,500. Gross earnings in 1877-8, $55,951; net earn¬
p. 42; V. 32,p. 181.)
ings, $1,162; rental, $7,833; in 1878-9—gross, $69,291; net, $10,131 i
Portland Saco d Portsmouth.- ■ Portland, Me., to Portsmouth, N. II., 51 rental, $8.000; 1879-80—gross, $65,789; net, $5,902; rental, $7,967.
miles. It was leased May 4, 1871, to the Eastern Railroad, Mass., at 10 Edward Martin, President, Red Hook, N. Y.
per cent on stock. Lease rental changed May 21, 1877, and now 6
Richmond d Alleghany.—Richmond to Clifton F3rge, Va., 250 miles.
percent. No debt. (V. 28, p. 580.)
,,
•
The company also owns by purchase the property and franchises of the
Portsmouth d Dover.—Portsmouth, Ni H., to Dover, N. II., 11 miles. James River & Kanawha Canal Co. (V. 31, p. 330, 653.)
Opened February 1, 1874, and leased for 50 years to Eastern of New
Richmond d Danville.—From Richmond to Danville, Va., 141 miles;
Hampshire at 6 per cent per annum on the stock. Operated now bv
Eastern (Mass.) A suit as to rental was decided April, 1880. Frank branches, 12 miles; Piedmont Railroad, leased, 49 miles; total, 201
miles.
The North Carolina Railroad and the Northwestern (N. C.)
Jones, President, Portsmouth, N. II. (V. 30, p. 358, 519; V. 31, p. 205.;
are also leased, but operated separately.
In 1878 the Pennsylvania
Portsmouth Great Falls d Conway.—Conway Junction, Me., to North R. R., which had an interest in this line, purchased a control of the Char.
•Conway, N. H., 71 miles. The Eastern Railroad in Massachusetts has Col. A Aug. R.R., and these were sold, in 1880, by the Pennsylvania
made a lease of the road for 60 years from December 1,1878, with a guar¬ Railroad, to a syndicate controlling the through line South. The annual
anteed rental of $45,000 a year, which pays 4 83 per cent on $1,000,000 report for 1880 was published in the Chronicle, V. 32, p. 154.
The earnings and income account were as follows in four years past:
bonds, and the stock is to receive the same dividends as the stock of the
1879-80.
lessees. The total stock is $1,150,300, of which the lessees own
1878-9.
1877-3.
1876-7.
$
$551,300. (V. 27, p. 15, 97, 115, 228.)
$
$
$
Earnings—
508,395
432,414
404,308
425,117
Poughtceepsie Hartford d Boston.—From Poughkeepsie, N. Y., to New Passenger
1,275,888
1,145,373
956,632
862.546
York State Line, 43 miles. The Poughkeepsie & Eastern Railroad was Freight
148,577
121,307
113,553
123,617
opened in 1872, and was sold in foreclosure May 15, 1875, and the Mail, express, Ao...
present company organized. It connects with the Connecticut Western
1,932,860
1,699,094
1,474,493
Railroad.
The stock is $850,000. In 1878-9, gross earnings were
Total earnings.. 1,411,280
1,146,467
957,221
985,019
$51,844 and expenses $43,329.
In 1879-80, earnings, $56,101; Operating expenses* 940*282
786,393
741,873
489,474
expenses, $50,012. G. P. Pelton, President, Poughkeepsie, N. Y.
470,998
Net earnings
Providence d Springfield— Providence, R. I., to Pascoag, 23 miles. It
Of these, $113,887 of Richmond A f)anville Division expenses are
is proposed to extend the road to Springfield, Mass.
The stock is $517,150. In 1878-9, gross earnings were $79,988 ; net earnings, $39,302 ; given as extraordinary in 1876-7, $58,229 in 1877-8 and $193,347 in
in 1879-80, gross $88,125, net $39,304.
William Tinkham, President, 1879-80.
INCOME'ACCOUNT.
Portland, Me., to
February,
Portland m
July 8, 1871),
On Oct.
amounted
$576,000; and pro¬
$350,000 mortgage. Gross
in 1879-80, $162,633; net, $24,728. (V. 28, p. 41, 625; V. 29,
Portland d RochesterSept. 30, 1880, owned from
Rochester, N. H., 53 miles. Put in the hands of a Receiver
1877. The bonds series A and B were issued to the city of
exchange for citv bonds, on which the city pays interest.
the interest of the city in this road was sold to the Receiver.
1,1880, the interest due and unpaid
to
ceedings have been begun to foreclose the
Years.
owned from Providence, R.
I., to Worcester, Mass., 44 miles; branches, 7 miles; leased Milford A
Woonsocket Railroad and Hopkinton Railroad, 15 miles; total operated,
66 miles. In 1881 new stock for $500,000 issued for improvements,
and stockholders have the right All July 1, 1881, to take-one new share
at par for each four shares owned Operations and earnings for five years
Providence d
past were as
Worcester.—Sept. 30. 1S80,
follows :|
Passenger
Miles.
66
66
Freight (ton)
13,516,407
13,592,849
13,971,108
13,753,392
15,941,739
66
66
66
—(V. 32, p. 206.)
Raleigh d Gaston..—From
Gross
Net
Div.
Earnings. Earnings, p.
$894,155 $226,032 '
245,299
904,635
285,731
865,792
364,049.
914,476
332,813
23,669,729 1,064,801
Mileage.
17,192,890
18,862,705
17,916,241
19,286,814
Mileage.
Raleigh to Weldon, N. C.. 97 miles.
t1,500,000. Dividend follows: cent
years past wore as of 3 per
ve
Years.
1874-5
1875-6
Mileage.
19.536,543
*
Providence, R. I.
Years.
Freight (ton)
Gross
Mileage.
Earnings.
38,809,900 $1,911,465
Passenger
Miles.
332
*.
1876-7
1877-8
7
1878-9 (14 months).
—(Y. 27, p. 94.) *
Reading d Columbia.—From
97
$261,142
242,245
234,511
242,478
295,051
1878-9.
1879-80.
$
489,474
29,125
$
741,873
22,740
Net
$
786,393
21,248
MKL499,962
518,599
764,613
807,641
320,000
320,000
246,444 )
10,604 f
320,000
254,315
earnings
Interest
Total income....
Disbursements
Rentals paid
4
Miscellaneous
4
5
6
Balance
320,000
239,691
23,135
225
Int. On funded debt.
Int. on floating debt
Stock,
Gross
Earnings.
1877-8.
$
4701998
28,964
8
c.
paid October, 1880. Earnings for
Net
Milos.
97
97
97
97
1876-7.
Receipts—
Earnings.
$96,110
88,701
85,750
107,185
115,343
Total disb’nts...
THftdmrvnt
Years.
—(V. 30, p.
18,995
591,435
577,048
Def.72,836 Sur.187,565
583,051
Det.83,089
Operations and oarnings
•vml
252,440
Railroads
for five years past
were as
follows !
Passenger
*
Miles.
Mileage.
7,336,680
7,358,3355,945,446
201
5,895,111
7,057,080
201
142,651; V. 31, p. 673;
574,315
8ur.233,S26
of Richmond &
Freight (ton)
Mileage.
Danvill*
Gross
Net
Earnings. Earnings.
$923,058 $323,443
937,198 438,232
909,317 292,591
942,386 310,948
1,098,597 499,994
16,372,844
17,435,445
21,183,343
23,514,209
33,120,675
V. 32, p. 154.)
Richmond Fredericksburg d Potomac.—From Richmond, Va., to
Columbia to Sinking Springs, Pa., 40 Quautico, 80 miles. The common stook is $1,030,100 and guaranteed
miles; branches, 12 miles; Lancaster A Reading Railroad, leased, 15 stock is $500,400. Until March, 1881, holders of 8 per cents due No¬
.miles; total operated, 67 miles. Stock, $958,268. The road is controlled vember, 1881, had the option to extend their houds for 20 years at 6
jmd operated by Philadelphia & Reading, but accounts kept separate. per cent.
Gross earnings in 1878-9, $317,032; not earnings, $155,056.
Gross earnings m 1879, $274,844; net earnings, $100,146; payments for
-(V. 29, p. 656; V. 31, p. 589, 673.)
interest and rental, $94,930.
Richmond d Petersburg.—Sept. 30,1880, owned from Riohmond to
Rensselaer d Saratoga.—Main line, Troy to Whitehall, N. Y., 73 miles
branches, Albany to Waterford, 12 miles; to Green Island, 1 mile; to Petersburg, Va., 22Lj miles; branch, 2 miles; total, 24*3 miles. The road
has earnod moderate dividends aud the debt account is very small.
Glens Falls, 6 miles; to Castletown, Vt., 14 miles; to Rutland, Vt., 62
miles; Balston to Schenectady, 15 miles; total line and branches, 183 Operations and earnings for five years past were as follows:
Passenger Freight (ton)
Gross
Net Div.
miles. It was a consolidation of several lines, and the Delaware & Hud¬
Years.
Mileage.
Earnings. Eara’gs. p.e*
Miles.
Mileage.
son Canal Company leased the whole March 1, 1871, at a rental of 8 per
cent on the stock and 7 per cent on the bonds. The earnings given 1875-6
25
2,238,173
1,475,359 $137,407 $60,096 ..
below include the New York A Canada Railroad (150 miles). Opera¬ .1876-7
2,097,594
1,576,263
137,116 47,271
25
tions and earnings for four years past were as follows:
25
2,016,684
1,594,670
140,069 62,553 4
Passenger
25
2,176,390
2,047,436
154,622 73,071 4
Freight (ton)
Gross
Net
Div.
25
2,281,321
2,465,878
164,198 79,099 4
Years. Miles.
Mileage.
Earnings. Earnings, p.o.
Mileage.
332
18,761,702
30,718,974 $ 1,826,942 $660,195
8 —Annual report for 1879, V, 30, r. 272.
332
19,292,794
32,283,281
1,823,360
754,346 8
February,
confer a great favor by
Subscribers will
explanation of column
*
on
headings, &«., see
notes
s
first page of tables.
Genesee
1st mortgage
Rome Watertown d
1st sinking fund mort.,
Wat. & R. (extended).
1875-960
fund
July, ’79, coup—
49
(S. & P. RR.)
Saginaw Valley d St. Louis.—1st mortg., coup..
JSt. Johnsburu d Lake Champlain—1st mort
St. Joseph d St. Louis—1st mortgage bouds
St. Joseph d Western— 1st M. St. Joseph & Pacific..
2d mortgage
Kansas & Nebraska, 1st mortgage
do
2d mortgage
% Louis Alton d Terre
Pref. st’ek (7 cumulative), 58 p.c. due to
Haute—Stock
1st mortgage
(series A) sinking fund.,
1st mortgage (series B)
2d mortgage, preferred
2d mortgage, preferred
2d mortgage, income
sinking fund..
(series C)
(series D)
Jan.1,’81
'j £
76
112
112
115
115
209
„
+
-■*
_
E®
M . convertible till ’87
50
$555,200
3
J.
1878
25,000
1855
1861
1872
1874
1871
1872
1878
1855
1877
1872
1880
1874
1876
1876
1876
1876
....
1864
1864
1864
1864
1870
1877
1867
1,000
1,000
100 &c.
100 Ac.
....
•
•
•
•
.
•
....
1,000
1,000
1,000
500 Ac.
100 &c.
100
140,000
Freight (ton)
W
Passenger
Miles.
335
409
409
409
409
Mileage.
Mileage.
Earnings.
Earnings.
20,366,365 $1,221,727 $277,574
15,588,607
336,708
1,248,842
26,732,738
17,549,628
350,747
1,203,786
24,967,418
15,199,509
308,648
1,143,288
25,914,496
20,517.456
487,738
1,467,894
43,538,148
16,402,043
334; Y. 28, p. 276; V. 29, p. 68, 581; V. [31, p. 406,
120 miles. This
leased to the Central Ver¬
J5—
’
—-----
insolvent,
d>ocA nnn ner
le
equip¬
Road opened January, 1873. Hjis a traffic guarantee from
Michigan Central. Capital stock, $264,804. In 1878, gross earnings
were $84,952; net $51,967.
Interest payments, &c., $53,728. In July,
1879, management was transferred to the Detroit Lansing & Northern.
-(V. 27, p. 304; V. 29, p. 96.)
St. Johnsbury d Lake Champlain.—'This was the Portland
burg, Vermont Division, and was reorganized under this title in 1880.
-(V. 30, p. 651; V. 31, p. 21, 397; V. 32, p. 145.)
St. Joseph d St. Louis.—St. Joseph, Mo., to Lexington, Mo., 76 miles.
Present company is successor to the St. Louis & St. Joseph Railroad, soffi
m foreclosure February 8,1874.
The St. Louis Kansas City & Northern
miles.
& Ogdens¬
1, 1874. The terms of the
five years and then 30 per
cent of gross earnings, but $25,000 guaranteed.
Stock, $100,OoO; par,
$100; dividends payable March and September in Now York.
St. Joseph d Western.—Line of road: East Division—West St. Joseph,
Kan., to Marysville, Kan, 112 miles; West Division—Marysville, Kan.,
Neb., 115 miles; total, 227 miles. This is a reorganization
of }£a8tin£8,
the fonner St. Joseph & Denver City road, which went into the hands
ol a receiver in 1874 and was sold in foreclosure in November, 1875.
On the foreclosure of the two divisions two companies were organized,
the St. Joseph & Pacific and the Kansas & Nebraska, with bonds as
Above. These were consolidated as St. Joseph & West., with $3,300,000
stock, par $100. The present bonds have no lien on lands, as the land
grant of 300,000 acres was put in hands of trustees for the benefit of the
lease of the road for 99 years July
annual pajunent of $35,000 for
& J.
& J.
Y., Office 50 Wall st.
N.
Feb] 19]
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A J.
& O.
& A.
A N.
& N.
& S.
& O.
F. A A.
7
1881
1894
1894
1894
1894
1894
1880
Oct. 1, 1917
Y., Nat, City Bank.
_
Aug.' lV
N.Y.,Office 20Nassaust
1892
1880, a dividend of
of land sales. On the Kansas
The road is leased
and was to be extended
holders of the old land scrip of $2,250,000; in June,
12 ^ per cent was declared from proceeds
& Nebraska bonds the first coupon is due July, 1881.
to Kansas Pacific, and thus to the Onion Pacific,
(as reported) to a junction with the Kansas
east of Denver, but the coupons on 8t. Joseph <fc
July, 1880, were not paid. (V.
30, p. 93, 170; V. 32, p. 44.)
28, p.
Pacific at Agate, 66 miles
Pacific bonds due
351, 625; V. 29, p. 331, 670; V.
Haute—Main line from Terre Haute, Ind., to
branches, 19 miles; leased line—Belleville &
Illinois Railroad, 56 miles; total operated, 264 miles. This
Southern
1861, of the Terre Haute Alton
Illinois is leased to this
company for 999 years from Oct. 1, 1866. The main line (St. L. Alton
& Terre Haute) was leased June 1, 1867, for 99 years to the Indianapolis
& St. Louis Railroad at a rental of 30 per cent of the gross earnings up
to $2,000,000, 25 per cent on the next $1,000,000, and 20 per cent on
all over $3,000,000; but it was agreed that in no year should the rental
be less than $450,000. The lease was guaranteed by three other com>panies (See V. 26, p. 614 and 654). The lease was unprofitable and the
solvent guarantors refused to pay more than their one-third of the de¬
ficiency, and a suit was begun, which is still pending. In 1879-80 the
company recovered from the fonner purchasing committee, Messrs.
Tilden, Butler, Sage and Bayard, $400,000 for bonds retained by them at
the time of reorganization. The Belleville Branch and Extension are
operated separately by this company, and earned net in 1879, $159,359.
In January, 1881, the company declared 3 per cent in cash on the
preferred stock and proposed to settle the remaining 55 per cent of
accumulated dividends by the issue of income bonds. (V. 29, p. 436,
658; V. 30, p. 170, 407; V. 32, p. 147.)
St. Louis Hannibal d Keokuk.—From Hannibal, Mo., to Keokuk. This
is a new roiid under construction. The bonds were offered in New York,
March, 1880, at $12,000 per mile. (V. 29, p. 539, 608.)
St. Louis Iron Mountain d Southern— Line of road, St. Louis, Mo., to
Texarkana, Texas Line, 490 miles; branch lines, Mineral Point, Mo., to
Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 120 miles; Poplar
Bluff, Mo., to Bird’s Point, Mo. (Cairo), 71 miles; total, 685 miles. This
was a consolidation (May 6, 1874) of the St. Louis & Iron Mountain, the
Arkansas Branch, the Cairo & Fulton and the Cairo Arkansas &
Texas railroads. In 1875 the company defaulted, and certain coupons
were funded.
Finally a new compromise agreement was made Novem¬
ber 27, 1878, as reported in the Chronicle (V. 29, p. 43).
By
this the subscribing bondholders agreed to deposit with the Union
Trust Company the funded interest certificates and unpaid coupons
belonging to their mortgage bonds, and to receive in exchange
therefor first preferred income bonds, bearing 7 per cent interest,
payable annually on March 1 out of the net surplus income of
the preceding calendar year (interest accumulative).
The interest
company was a reorganization, Feb. 18,
& St. Louis Railroad. The Belleville & Southern
certificates and coupons for which
canceled, but held as security for
as
specially provided.
they are issued are not to be
the execution of the agreement
The subscribing bondholders
who hold consoli¬
with the Union Trust Co.,
preferred income bonds,
annually out of the net surplus in¬
come remaining after the payment of all interest due on the first pre¬
ferred income bouds, and accumulative.
The consolidated mortgage
bonds are not to be canceled, but kept as security for the execution of
the agreement as specially provided.
The subscribing stockholders
agreed to transfer their stock to the trustees, who should nave the abso¬
lute right to vote upon the same. In March, 2880, the managers put an
end to the stock trust by obtaining the consent of the bondholders,
promising to pay interest on both first and second incomes: but inter¬
est on the seconds was not paid until Oct. 12, 1880, when 7*2 per cent
was paid for the fifteen months up to January 1, 1880.
In December,
1880, Mr. Jay Gould purchased about 70,000 shares of the stock. A
meeting, March 7, 1881, votes on increasing the stock to $35,000,000
and issuing a mortgage for $32,000,000 to cover outstanding debt. Ac.
The annual report for 1879 was published in V. 30, p. 320. Compara¬
dated mortgage bonds agree to deposit them
and to recieve in exchange therefor second
bearing 6 per cent interest, payable
tive statistics for
four yearB are as follows:
EARNINGS.
1876.
$
Total gross
earn’gs
..
4,002,045
are an
#
1910
July 1. 1894
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1915
Jan. 1, 1915
New York.
do
do
do
& J.
& J.
J.
A.
F.
M.
M.
M.
A.
May 1, 1902
York, 9th Nat. Bk.
New York.
J.
N.
3
7
7
7
7
7
10
7
21,291,296
4,000,000
1898
St. Louis Alton d Terre
East St. Louis, 189 miles;
cents. (See last annual report,
is $2,480,600 and preferred
153, 484.)
Sacramento <6 Placerville.—Sacramento, Cal., to Shingle Springs, Cal.,
49Lj miles. This was a consolidation of the Sacramento Valley and the
Folsom & Placerville railroads, April 19,1877. Capital stock, $1,756,000. Gross earnings, 1878, $157,750; net earnings, $56,688. ,
Saginaw Valley d St. Louis.—From Saginaw to St. Louis* Mich., 35
a
7
300,000
1,000
ments and 6 per cent bonds in lieu of 8 per
V. 29, p. 145.)
The common stock
$4,000,000. (V 30, p. 118 ; V. 31, p. 124,
took
7
1,100,000
1,400,000
1,400,000
1,700,000
500 Ac.
Rutland.—From Bellow’s Falls, Vt., to Burlington, Vt.,
road has been through many changes. It was
mont in December, 1870, for 20 years, but the lessee became
lease
&
J.
J.
J.
J.
J.
7
2,468,400
1,100,000
1880
do
do
M. & N. New
7
7
'
1, 1881
July 1, 1903
Jan.
1875
1900
2,300,000
100
100
Ill., to Peoria, Ill., 91 miles. This
foreclosm-e of the first mortgage
April 4,1877, the bondholders becoming the purchasers. Capital stock,
$1,500,000. Gross earnings, 1879, $387,580; net earnings, $89,83«Lout
28, p. 351.)
of which a 5 per cent dividend was paid on the stock.
Rome Watertown d Oydensburg.—Sept. 30, 1880, owned from Rome to
Ogdensburg, 141 miles; branches: To Cape Vincent, 24 miles; to Potsr
dam, 24 miles; Oswego to Lewiston, 146 miles; Sandy Creek to
Syracuse, 45 miles; leased Oswego* & Rome Railroad, 29 miles; total
owned, leased and operated, 409 miles. It was a consolidation October.
1861, of the Watertown & Rome and the Pottsdam & Watertown rail¬
roads. The Lake Ontario Shore Railroad was foreclosed September 22,
1874, and transferred to this company January 15, 1875. The Syracuse
Northern was foreclosed, and purchased'by this company August 1,
1875. The Oswego & Rome was leased January 1,1866, at 8 per cent
on stock and interest on bonds.
The Rome Watertown & Ogdensburg
has been in default on coupons of the consolidated bonds since April 1,
1878. No reorganization or foreclosure has taken place. Operations
and earnings for five years past were as follows:
Net
Gross
—j
5
10
6
8
6
1,200,000
....
156, 184.)
Rock Island d Peoria.—Rock Island,
is the Peoria & Rock Island, sold in
653.)
A.
J.
M.
F. & A.
1,900,000
100 Ac.
Valley— Avon to Rochester,
J.
7
7
6
1,900,000
1,200,000
100 Ac.
1,000
7
600,000
500,000
•
•
3
7
7
J.
J.
M.
J.
700,000
446,000
1,000
of New York, for $600,000. It is
For every $10,000 old
$5,350 first mortgage, $7,850
income bonds, and option
to take $5,000 stock upon payment
of $500.
See plan in V. 31, p. 651. Gross earnings in 1879 were
$275,898; net, $39,813; gross in 1880, $255,832; net, $34,693. (V.
30, p. 170, 223, 589; Y. 31, p.330,536, 560, 653,673; V. 32, p. 71,
-(V. 26, p.
5,293,900
1,000
Stocks—Last
Dividend.
Jan. 1, 1900
Y., Corn Exch. Bank.
& J. N. Y., Farm. I*. & T. Co. July 15,1875
do
do
& S.
Sept. 1, 1910
Dec. 1, 1891
do
do
& D.
Jan. 1, 1892
do
do
& J.
do
do
July 1, 1904
& O.
do
do
July, 1901
& J.
Nov. 1, 1902
& N. Bost., Bk. of Redempt’n
10
422,500
1,021,500
1,000,000
5,122,000
500,000
1,500,000
1,500,000
400,000
pal, When Due.
and by
& J. N.
150,000
100
100 Ac.
500 Ac.
Where Payable,
Whom.
& J. N.Y., by N.Y.L.E. AW.Co
& J. N. Y., Union Trust Co.
J.
7
and purchased by Walston H. Brown,
to be reorganized as the Rochester & Pittsburg.
bonds the Rochester & Pittsburg gives
Years.
Payable
2,160,000
1,500,000
N. Y., 18 miles.
perpetuity, to Erie Railway, and now operated
by New York Lake Erie & Western. Rental, $34,012. James Brockett,
President, Rochester, N. Y.
Rochester & State Line — Rochester, N.Y, to Salamanca, N. Y., 108 miles.
The road was opened May 15,1878, and was closely allied to the N. Y.
Central in management, and an order was granted, February, 1880,
Rochester d Genessee
Leased July 1, 1871, in
Cent.
$100
685
210
When
1,000
....
.
Southern—Stock
1st mortgage, coupon
34*2
117
Rate per
1878
1864
o
Equipment mortgage
St. L. Hannibal <6 Keok.—1st
St. Louis Iron Mountain d
Outstanding
T
....
1st mortgage
Amount
■
91
409
97
190
190
409
45
120
120
Ogdensburg—Stock
General mortgage, sinking
2d mortgage
•
Consol, mort., convert, till
Syracuse Northern (gold)
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
18
108
Valley—Stock
Rochester d State Line.—1st mortgage
Rock Island d Peoria—Stock
Rochester d
discovered in these Tables.
JSoiuta—Princi¬
giving immediate notice of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
xlix
STOCKS AND BONDS.
KAILROAD
1881.J
1877.
1878.
$
$
4,514,321
4,500,422
1879
$
5,292,611
-
INCOME
$
Receipts—
ret earnings
1,483,646
Disbursements—
Interest on bonds....
Other interest
Disc’t on con. m.
$
1,945,956
$
$
1,814,600
1,740,207
260,263
8,100
390,199
$
2,300,555
$
167,027
2,222,194
40,438
667.800
bds.
deficit.
33,684
32,825
84,660
-379,257
580,496
416,950
120,331
341,334
trust lands for 1874-5-6-7-8, $105,139;
I otitt’ tWetlM ,$*0,400; change of gauge,
"‘Includes taxes on Ark.
ment by Buffers’
$
$
2,131,902
1,762,095
Miscellaneous
Balance,
ACCOUNT.
judg¬
$195,169.
STOCKS
RAILROAD
1
Subscribers will confer a great favor by giving
St. Louis Iron Mountain d* Southern—(Continued)—
2d mortgage, gold, coupon, may be registered—
Arkansas Brancli, 1st mortgage, gold, land grant
Cairo Ark. & Texas, 1st mort., gold, coup or reg.
Cairo & Fulton, 1st nr ort., gold, on road and laud
1st pref. income bonds, reg., (cumulative)
2d pref. income bonds, reg., (cumulative)
St. Louis Keokuk d N. W.- 8toek($l,350,000ia pref.)
1st mortgage
Income bonds
St. Liouis d. San Francisco.—Stock, common
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent
do
1st mortgage (South Pacific), gold, (land grant)...
do
310
99
71
304
1872
1870
1872
1870
1879
1879
135
135
135
633
633
633
293
B, gold
C, gold
Equipment mortgage, gold
Band debentures
re on Mo. & Western RR., gold
Joplin RR. bonds.
Joplin
8*. Louis Vandalia dk Ten'e Haute—1st M. s. f. guar
2d mort., sink, fund ($1,600,000 guar.)
St. Paul dk Duluth— Preferred 7 per cent stock
Common stock
St. Paul Minneapolis & Manitoba—Stock
1st mortgage, St. Paul to St. A
2d M., and 1st on road from St. Paul to Watab —
1st mort. land grant sinking fund, gold
2d mort., gold
Dak. Ext., 1st M.,g., for $6,000,000 ($12,
84
m
Sandusfcy Mansfield dk Newark—Re-organized stock
let mortgage, new
m
M
o
a
$
Assets—
Road and equipm’t.. 44,755,806
786,228
Real estate
Lands
3,839,579
Bills & acc’ts receiv’le
Materials, fuel, &e...
Cash on hand
Income account
Miscellaneous items.
264,694
35,798
416,951
15,000
1877.
$
44,960,735
753,581
3,742,908
241,382
208,458
1,116,081
5,000
2,500,000
1,450,000
7,948,000
4,054,937
4,088,720
2,700,000
1,620,000
1,080,000
10,500,000
10,000,000
4,500,000
1,000
1,000
«...
a
....
500
100
500
500
1868
1876
1876
1876
1880
1874
1879
158
158
169
169
861
10
76
656
656
116
116
1878.
$
1875-690
7,144.500
<fcc.
&c.
&c.
&c.
419,305
2,716,932
2,348,000
LOOO'.OOO
1,000
300,000
1,100,000
1,000
•
1867
1868
m
....
1862
1862
1879
1879
1880
100
1.000
1,000
100 &o.
1,000
1,000
50
1869
1,000
Liabilities
—
Stock
Funded debt
Certfs. & unfund, eou
Bills
payable, &c
50,114,055
51,028,147
$
21,510,253
24,797,000
2,263,565
1,375,576
$
21,471,151
25,909,000
2,440,125
430,415
114,300
777,456
.
Funded interest
Interest accrued, &o.
.
.
,
.
.
Where
Payable, and by
Whom.
J.
6
or
London.
$
45,691,907
656,977
598,313
3,556.472
3,648,008
506,629
320,564
198,310
242,312
386,892
432,365
1,577,753
1,236,415
*656,677
604,826
45,237,715
do
Jan.
Jan.
J.
&
....
....
....
3*2
Fob.
....
6 «. J.
6 g. M.
3 &c. g. M.
3 &c. g. M.
7 g. J.
10
6 g. F.
’
J. N. Y., Company’s Office
do
do
N.
do
do
N.
do
do
N.
& D.
do
do
do
do
6-1
do
do
& A.
&
&
&
&
1
Gross
J. & J. N. Y., Third Nat. Bank.
M. & N.
do
do
7
7
^
^
Jau. 1.
1897
May 1, 1898
m
1
mmmm
•
-
•
....
8
7
7 g.
6 g.
6 g.
2
7
M. & S. N.Y.,J.S. Kennedy* Co.
do
do
J. & J.
J. & J. New York and London.
do
do
A. & O.
M. & N.
New York Agency.
IstN. Bk., Sandusky, O.
J. & J. N. Y.. Union Trust Co.
....
1881
1892
1909
Oct. 1, 1909
Nov.
Oct.
1, 1910
1, 1875
July, 1902
1880, owned from
$1,552,801
earnings, as reported by the lessee
Add interest received on
465,840
city of Greenville bonds
80
$465,920
Total income
year’s charges against this sum were:
21,469,101
25,909,000
21,458,961
30,068,657
Taxes
108,210
Aug. 1, 1919
....
Thirty per cent of which, being rental, was
Interest
Interest
11,095,111
1, 1881
July, 1888
Nov. 1. 1906
Nov. 1, 1906
Nov. 1. 1906
June 1, 1895
Jan. 1. 1884
the income account was as follows:
53,219,959
9
489,019
1, 1906
....
....
1, 1906
East St. Louis to Indiana State line, 158 miles.
Road opened July 1,
1870. It is leased to the Terre Haute & Indianapolis Railroad at a rental
of 30 per cent of gross earnings. For the year ending October 31, 1880,
52,335,184
$
539,029
2,438,165
1,979,889
Mayl, 1897
Co.’s Office. June 1, 1895
June 1, 1807
do
Jan. 1, 1891
do
Pd. May, 1880
do
SI. Louis Vandalia <6 Terre Haute.—October 31,
1879.
Stocks—Last
Dividend.
.
....
15,000,000
100,000
366,000
7,459.800
8,000,000
2,250,000
1,072,000
2,303,000
The
Total assets
7 g.
7 g.
7
6
.
When
Payable
M. & N. New York
J. & D. New York,
do
J. & D.
do
J. & J.
March.
do
do
March.
7 g.
7 g.
200,000
1,899,000
2,600,000
4,798,862
4,055,407
.
1,000
1,000
^
Rate per
Cent.
$6,000,000
....
GENERAL BALANCE AT CLOSE OP EACH FI8CAL YEAR.
1876.
Outstanding
1,000
•
....
^
Amount
$1,000
1,000
1,000
1,000
1876
1876
'
'
Immediate notice of any error discovered In these Tables.
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
bonds, A
do
do
[Vol. xxxii-
on
on
$132,930
182,000
first mortgage bonds
second mortgage bonds
28,572
346,984
3,482—
General expenses
i
-
Leaving a surplus for the fiscal year of
-
-
explanation of column headings, &c., see notes
on llrst page of tables.
2d mortgage
do
BONDS.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND
$118,935
heretofore made to
debit of profit and
loss, October 31,1880, $201,798. The annual report for 1879-80 was
Total liabilities... 50,114,055 51,028,147 52,335,184 53,219,959 published in the Chronicle, V. 32, p. 120. The first mortgage and
$1,000,000 of second mortgage bonds are guaranteed by the lessees and
also by the Pitts. Cin. & St. Louis Railroad and the Col. Chic. & I. C. Co.
*This includes $569,846 of Arkansas land trust notes.
The stock is $2,383,315 common and $1,544,700 preferred. The pre¬
I This includes sundry coupons overdue, $26,390; coupons on Divi¬
ferred was issued for income bonds ($1,000,000) and for deficiencies
sional mortgage bonds to June, 1880, inclusive. $489,368, and on
made up by the lessees.
Thos. D. Messier, President, Pittsburg, Pa.
income bonds, $579,174.
Operations and earnings for five years past were as follows:
—(V. 28. p. 43, 173, 302, 325 ; V. 29, p. 18; V. 30, p.~193, 249, 298,
Gross
Net
Freight (tdn)
Passenger
320, 358, 434, 625; V. 31, p. 88, 248, 359,406, 560, 638, 653; V. 32, p. Years.
Miles.
Earnings.
Earnings.
Mileage.
Mileage.
71, 176, 195, 205.)
..158
45,972,258 $1,062,075
$247,393
16,180,710
Equipm’t renewal fd.
53,360
St. Louis Keokuk dk Northwestern—Keokuk, la., to St. Peters, 135
miles. The Mississippi Valley & Western Railroad was sold April 14,
1875, and this company organized July 1, 1875. Road completed in
Autumn of 1879. Income bonds above were originally a part of
$2,750,000 first mortgage bonds, but by agreement they were changed
into their present form.
which was applied to the repayment of advances
this company by the lessee, leaving the balance to
50,618,136
14,827,425
1,052,208
58,722,821
1,054,627
13,092,370
1,244,643
86,424,189
12,974,971
1,552,801
17,309,919
96.544,226
-(V. 28, p. 19; V. 30, p. 116; V. 32, p. 71, 120.)
..158
158
158
158
..
..
..
207,067
158,685
294,272
446,018
St. Paul dk Duluth—Line of road, St. Paul, Minn., to Duluth, Minn., 156
St. Louis d San Francisco.—Line of road, Pacific, Mo., to Vinita, I. T.,
miles; Stillwater & St. Paul Railroad (leased), 13 miles; total, 169 miles.
327 miles, and branch from Peirce City, on main line, to Wichita, Kan., This was the Lake Superior & Mississippi Railroad, opened August 1,
227 miles; total, 554 miles. This company was organized September 20, 1870, and leased to the Northern Pacific. Default made January 1,1875,
1876, as successor to the Atlantic & Pacific Railroad. The latter was and road sold in foreclosure May 1,1877, and reorganized June 27th,
chartered by act of Congress July 27, 1866, and embraced the South The
preferred stock is received in payment for lands at par. Three
Pacific Railroad (originally the Southwest Branch of the Pacific Railroad shares of common stock have one vote, and each share of preferred has
of Missouri), which was consolidated with the Atlantic & Pacific road one vote. The company has a land grant, of which about 1,276,000
October 25, 1870.
The South Pacific Railroad had a grant of lands acres remain unsold. In 1879 gross earnings for seven months ending
by act of Congress June 10, 1852, of 1,161,205 acres. The"Atlantic & Dec. 31 were $403,512; net earnings, $132,720. (V. 29, p.68,118,
Pacific received about 500,000 acres of land.
The South Pacific lands 436; Y. 30, p. 58, 264, 545; V. 31, p. 96,153.
showed 617,909 acres on hand January 1,1879. Atlantic & Pacific lands
showed.294,286 acres on hand at same date, and for these lands (A. & P.)
St. Paul Minneapolis dc Manitoba.—December 31, 1880, owned from
the second mortgage bonds, class B, are receivable in payment.
The
stock authorized (and mostly issued) is $4,500,000 of first preferred, St. Paul to St. Vincent and Northwest boundary, 393 miles; Minneap¬
olis to Barnesville, 237 miles; Crookston to Opata, 38 miles; Morris
$10,000,000 of preferred and $10,500,000 of common. The interest on to Brown’s
Valley, 47 miles; Breckenrldge to Darbin, 48 miles; Barnes¬
bonds “B” and“C” is 3 per cent for 1879-’80-’81, 4 for 1882,5 for
The proposal to issue $30,000,000 consol, mort¬ ville to Moorhead, 23 miles; Grand Fork to Fargo, 75 miles; total, 861
1883 and 6 afterward.
miles. This company was organized out of the St. Paul & Pacific RR.,
gage to be acted on March 1,1881.
On January 31, 1880, an agreement was entered into with the the First Division of the St. Paul & Paciflo Railroad, the Red River
Atchison Topeka & Santa Fe for construction of a through line to the Valley RR., and the Red River & Manitoba RR. The company takes
Pacific coast on the parallel from Albuquerque, on the Rio Grande, 2,000,000, acres of land as successor to the roads above named, which
to San Francisco.
The road is to cost $25,000,000, and to be known were foreclosed. The small amount of the two mortgages first above
as the Atlantic & Pacific Railway.
Three trustees—John A. Stewart, named, $466,000, is all that remains of the old ibonds, and the new
Hi the U. 8. Trust Company, Warren Sawyer and H. P. Kidder, of Boston land-grant mortgage is practically a first lien on the whole property at
—are appointed to hold the stock in trust.
The voting power is to be $12,000 per mile. The proceeds of land sales are reserved by the first
vested in six directors of each road. The old companies are to preserve mortgage trustees as a sinking fund for the redemption of the bonds at
their separate organizations, and the gains of traffic on the extension are or under 105 and interest., and up to April 1,1880, $540,200 of debt was
to be divided in equal proportions. The two companies divide the issue of paid off. The seoond mortgage bonds do not cover the land. The com¬
bonds ($25,000,000). The cost of the first division will be about $12,500,- pany was organized May 23, 1879, under the charter of the 8t. Paul &
000. Stockholders in the Atch. & Santa Fe and St. L. & S. F. companies Paciflo Railroad. The Dakota Extension bonds are issued at $12,000
will have the right to subscribe for a 6 per cent bond at par, receiving per mile.
Annual report for the year ending June 30,1880, in V. 31, p. 281. Net
therewith a $750 6 per cent income bond. The Atlantic & Pacific Com¬
earnings $1,546,037; gross earnings $2,933,108, against $1,900,528 in.
pany will reserve the right to take from subscribers, before 40 per cent
of tne subscription has been paid, the first mortgage bond, paying back 1878-9. (V. 29, p. 147, 226, 331, 460, 483, 513, 658; V. 30, p. 67, 209,
the subscriptions advanced with interest, but leaving with subscribers 519, 545; V. 31, p. 21, 96, 153, 248, 281, 430; V. 32, p. 123.)
an income bond for $500 costing nothing.
Each company agrees to fur¬
nish one-half of this amount, and in addition to its share of bonds
Sandusky Mansfield dc Newark.—Line of road, Sandusky, O., to New¬
receives also a bonus in stock.
ark, O., 11’6 miles. A consolidation of several roads in 1856. Leased
The income account for 1880 (in the Chronicle, V. 32, p. 17) showed February 13, 1869, to Central Ohio Railroad, guaranteed by Baltimore
gross earnings $2,694,060; net, $1,319,551; interest, $865,747; balance, & Ohio, and new lease made February 23, 1880, extending to December
$508,762. The annual report for 1879 was published in V. 30, p. 355,
showing gross earnings of $1,519,162, against $1,201,651 in 1878; and
net earnings $868,779 in 1879, against $626,143 in 1378. The interest
charge was $613,064. (V. 28, p. 253, 454, 495, 527, 555; V. 29, p. 145,
331, 383, 436, 460, 539, 583, 630; V. 30, p. 67. 143,191, 289, 298, 355,
409, 433, 519, 568; V. 31, p. 511; V. 32, p. 17, 44.)
1,1926, with option to
the Balt. & Ohio Company to renew for terms
of 20 years each. Rental is $194,350 yearly till 1884; then $199,350
for 1884 and 1885; then $201,850 annually.
It is operated as Lake
Erie division of the Baltimore & Ohio system.
In 1878-79 the gross
earnings were $639,821, and net earnings, $189,114; in 1879-80 grosa
earnings, $847,221; net,l$208,853.
(Vol, 29, p. 535 ; V, 30,
544.)
Fkbrdati s',
Subscribers will confer a
explanation of column
on
INTEREST OR DIVIDENDS.
headings, &c., see notes
tables.
first page of
by S. C
Funded iut. bonds, S. & C. RR., guar, by 8. Car...
Savannah & Charleston RR
Savannah Florida <& Wert.—Consolidated 1st mort.
Sav. Albany & Gulf RR. mortgage bonds
Southern Georgia & Florida, 1st mortgage
1st mortgage,
2d mortgage
Griffin*N.Ala.—1st mortgage
Schenectady * Duanesburg—1st M., guar. D. & H .
Schuylkill Valley—Stock ....
Scioto Valley— 1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Seaboard * Roanoke—Stock
Savannah
1st mortgage....
Selma Rome * Dalton— 1st mort., Ala. &
2d mort., Alabama & Tenn. River RR.
Tenn. Riv.
General mortgage
Shamokin Valley &
101
....
101
286
....
Pottsville—Stock
gold, on road and lands
Shenandoah Valley— 1st mort. ($15,000 per
2d mortgage, income ($10,000 per mile)
Shenango * Alleghany— 1st mortgage
Shore Line (Conn.)—Stock
mile)..
1st mortgage
Sioux Oily * Dakota—Dakota So., 1st M.,coup.,
Sioux Oty & Pembina, 1st mortgage
Sioux City * Pacific—1st mortgage
2d mortgage (Government subsidy)
s. f.
1853
1868
1869
1867
1869
1871
1412
1874
11
98
98
80
80
100
100
28
28
140
140
32
50
50
61ia
53
102
102
....
1876
1879
■
•
•
1,000
100
....
•
....
....
....
....
....
1871
1879
1879
1869
....
50
500 &c.
.
.
.
500 &c.
100
1880 lOOO&c.
1874
1,000
1878
1.000
18683 500 &e.
500 &c.
58
North Alabama.—Griffin, Ga., to Carrollton, Ga.
Operated in connection with Central Railroad of Georgia
Savannah Griffin <£*
earnings, $20,693.
*
.
230.)
$58,860, and
3^2
7
7
8
7
3
7 g.
7
7 g.
7
6
6
600,000
300,000
1,628.000
1,628,020
N. Y., to
rental,
Schuylkill Valley—Port Carbon to Reevesdale, Pa., 11 miles; branches,
21 miles. It is an old road, and was leased to the Phila¬
delphia & Reading Railroad from September 1,1861, at an annual rental
of 5 per cent on the stock. Operations are included in the Philadelphia
Reading reports,'
Portsmouth, O., 100 miles. Road
opened in Jan, 1878. Stock was $1,772,050 and was increased $500,000
in 1880 to build along the Ohio from Portsmouth. In 1879 gross earnings
were $317,822.
E. T. Mithoff, President, Columbus, O. (V. 27, p. 653;
Scioto
28,
p.
Valley.—Columbus, 0., to
525
;
-
Suc¬
Selma Rome * Dalton— From Selma, Ala., to Georgia State line.
to Alabama & Tennessee River Railroad. The road was opened
cessors
and decree of foreclosure
June 1, 1870. Defaulted in 1871,
March 24,1874. The line in Georgia (65 miles)
and reorganized as Georgia Southern.
June 14, 1880, for $1,700,000, and the
River mortgages a prior lien on this,
for 19 and 15 years respectively. An
obtained
sold November, 1874,
The line in Alabama was sold
Court held the Alabama & Tenn.
and interest is overdue on those
appeal was taken to the U. S.
Supreme Court, and the sale was made subject to that appeal. A second
mortgage is for $3,900,000, and the stock $4,000,000, and cost of
road put at $12,980,000. John Tucker, Receiver, Selma, Ala. In the
Chronicle, V. 30, p. 434, the following account was given: “ In 1852
the Alabama & Tennessee River Railroad Company was organized to
build a road from Selma, Ala., to Gadsden, on the Tennessee River, a
distance of 170 miles. The company built 135 miles of the road and
partly graded 10 miles.
The Selma Rome & Dalton Company was
organized in 1868, deeds of conveyance obtained from the Alabama &
Tennessee River Company and the Dalton & Jacksonville and the
Georgia & Alabama companies, and the three roads consolidated under
the management of the new corporation. The old Alabama road
was rebuilt, it is claimed, at a cost of $1,000,000, and the line extended
101 miles to Dalton, Ga., at a cost of some $2,000,000. After much liti¬
gation as to the lien of the Alabama. & Tennessee River mortgage, the
case went to the Alabama Supreme Court, and about six weeks ago the
Court rendered its final decision, re-establishing the subjection of the
was
mortgages
however,
whole 172 miles of road in Alabama to the first and second
of the Alabama & Tennessee River Company. The Court held,
April 1, 1889
Jan. 5, 1881
March, 1910'
Feb. 1, 1894
June 1, 1908
Jan. 1, 1898
Jan. 1, 1898
N. Y.f N.Bk. of Com’rce.
N. H., Nat. N. H. Bank.
do
do
N. Y., Nat. Park Bank.
do
do
N. Y.,Nat. Park Bank.
U.S. Treas., at maturity
Railroad Company
second mortgage,
$3,900,000; capital stock, $4,000,000; total, $12,900,000. The Ala¬
bama & Tennessee River bondholders claim $791,000 for the outstand¬
ing first mortgage bonds, with arrearages of interest for nineteen years
and compound interest, and $230,000 second mortgage bonds, with
There are also outstanding
arrearages of interest for fifteen years.
$615,837 receivers’ certificates, including interest.” (V. 30, p. 299,
The
capital and debt of the Selma Rome & Dalton
about as follows: First mortgage, $5,000,000;
323, 375, 434, 568, 589, 651.)
Sliamoldn Valley * Pottsville.—JAne of road, Sunbury, Pa., to Mount
Carmel, Pa., 27 miles; branch to Lancaster Colliery, 4 miles; total, 31
miles. The road was leased February 27, 1863, to the Northern Central
Railroad Company, with a guarantee of interest on the bonds and 6 per
cent per annum on
Northern Central Railroad. Thomas
Shenandoah Valley—This road is
Md., to Waynesboro, Va., 142 miles.
was said to have been purchased in
stock is
$1,458,700.
found in the
The yearly reports will be
the stock.
Chronicle with the reports of the
A. Scott, President, Philadelphia.
about completed from Hagerstown,
William Milnes is President,
Shenango * Alleghany.—Line
Railroad
The Atlantic Miss. & Ohio
the interest of this company.
Philadelphia.
The
Bend,
of road, Shenango, Pa., to Brady’s
The
Pa., 95 miles; in operation, Shenango to Hilliard, Pa., 46 miles.
road was leased to the Atlantic & Great Western, and “rental trust”
bonds were issued.
The company made default in 1879, but the
paid Feb. 21, 1880.
Shore Line (Conn.)-IAno
Conn., 50 miles. Leased to
(V. 29, p. 408.)
of road, New Haven, Conn., to New London,
New York and New Haven Railroad Com¬
in perpetuity November 1, 1870, at $100,000 net per annum.
as New Haven & New London Railroad; sold in foreclosure
and reorganized under present title June 29, 1864. Dividends 3*9 in
Jan. and 4 in July. Operations and earnings for five years past were
pany
Chartered
as
follows:
1875-6....
1876-7....
1877-8....
1878-9....
1879-80
..
50
50
50
50
50
..
..
..
..
..
Passenger
Mileage.
Freight (ton)
9,684,933
8,213,330
7,870,049
7,212,083
Miles.
Years.
1,473,634
-(V. 28, p. 40; V. 31, p.
Sioux
road, Portsmouth, Va., to Weldon, N. C.,
80 miles. Road opened 1851. The company has paid dividends for a
number of years. Of the stock, $1,055,400 is common, $200,000 is 1st
7 per cent guar., and $44,200 is 2d guar.
Net earnings in the year
ending March, 1880, $236,452.
O.
J.
S.
A.
D.
J.
J.
the
Mileage.
Earnings.
317,978
299,086
349,111
1,426,229
p. c.
$108,083
342,374
1,265,575
1,363,500
Dlv.
Net
Gross
Earnings.
$379,571
49,869
101,539
143,171
154,486
7^3
8
8
8
7*a
509.)
V. 31, p. 88, 445.)
Seaboard * Roanoke.—Line of
ra
440,000 acres of public lands granted by Congress to aid in
construction of the Alabama & Tennessee River road were subject to
the Selma Rome & Dalton mortgages as superior liens. The receivers'
certificates outstanding were made a lien on the company’s equipment.
10 miles; total,
&
.
.
that the
October coupons were
Schenectady * Duanesburg.—From Quaker Street Junction,
Schenectady, N. Y., 14 miles. Formerly Schenectady & Susquehanna
Railroad, and was foreclosed in 1873; reorganized and leased in per¬
petuity to the Delaware & Hudson Canal Company. Lease
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
1879
N. Y., Perkins & Choate.
Nov. 1, 1888
do
do
N.
do
do
May 1. 1889
N.
J.
July 1, 1891
City of Macon.
S. Del. & Hud. Canal Co. Sept. 1, 1924
Jan. 17, 1881
J.
Philadelphia, Office.
Jan. 1. 1890
J. N.Y., Winslow, L. & Co.
do
do
April 1, 1894
O.
Nov. 1, 1880
N. Phil.,Townsend,W.&Co.
Aug,, 1880
A. N. Y., Mech. Nat. Bank.
Jan. 1, 1872
New York, Office.
J.
Jan. 1, 1864
do
do
J.
do
do
April 1. 1887
0.
Feb., 1881
A. Philadelphia,Treasurer.
do
do
July, 1901
& J.
Jan. 1, 1909
A. &
J. &
M. &
F. &
J.
J. &
J. &
3ia
4ia
July. 1897
&
&
&
&
&
&
&
&
&
&
&
&
&
.
*7*
1889
Jan. 1,
do
& J.
M.
M.
J.
M.
J.
J.
A.
M.
F.
J.
J.
A.
F.
J.
7
7
5,000,000
869,450
2,000,000
2,100,000
1,400,000
874,500
1,000,000
200,000
are
1879-80 gross earnings were
Stocks—Last
Dividend
Charleston, 1st Nat. Bk. March 1, 187T
New York.
Sept. 1, 1899
& S.
& S.
& J.
'
2^2
210,000
791,000
230,000
1,000
Savannah Florida * Western.—Savannah, Ga., to Baiubridge, Ga., 237
miles; branches: to Live Oak, Fla., 49 miles; to East Albany, Ga.,
miles; other, 3 miles; total operated, 350 miles. This was a consolida¬
tion in 1865 of the Savannah Albany & Gulf Railroad and the Atlantic
& Gulf under the latter name. The Atlantic & Gulf Company made
default January 1, 1877, and receivers were appointed in March, 1877.
The road was sold iu foreclosure of the second mortgage on Novembor 4,
1879, subject to the consolidated mortgage and other prior liens
amounting to about $2,713,000. The present company has been organ¬
ized with a capital stock of $2,000,000. No reports of earnings have
been made for several years.
(V. 29, p. 40, 250, 488, 608.)
net
500,000
500,000
576,050
1,300,000
290,000
1,299,600
50
500 &c.
$247,398.
Capital stock, $1,010,900. In
pal,When Due.
Where Payable, and by
Whom.
Payable
When
M.
M.
J.
J.
7
7
7
7
7
7
7
6
300,000
464,000
200,000
....
....
1851
"6*
500,000
1,666,000
1,000
100 &c.
C., 106
Formerly the
present
name, and opened March, 1870.
Defaulted September, 1873, and
since operated by a Receiver.
Sold in foreclosure Juno 7, 1880. for
$300,000, and turned over by C. P. Mitchell, Receiver, to the new com¬
pany, called the Charleston & Savannah Railroad.
(V. 30, p. 625; V.
63 miles.
Cent.
111,800
....
Savannah * Charleston— Savannah, Ga., to Charleston, 8.
miles; Ashley River branches, 5 miles; total, 111 miles.
Charleston & Savannah Railroad; reorganized in 1876 under
p.
Rate per
1,000,000
505,000
100 &c.
500
500 &c.
Rafael, Cal., to Cloverdale, Cal.,
Fulton, Cal., to Guemeville, Cal., 16 miles.
1876-7 (no later infor¬
on 72 miles oper¬
31,
Outstanding
'500
San Francisco * North Pacific—San
78 miles, with a branch from
This is a consolidation of several companies. In
mation furnished) gross earnings were $467,501
ated, and net earnings
Amount
Par
Value.
....
....
1868
58
58
63
....
1st mortgage,
Size, or
$3,750,000
111
C. & S.„ guar,
do
Date
of
Road. Bonds
Miles
of
94
Francisco * North Pacific-Stock
Savannah * Charleston—Stock
San
do
discovered in these Tables.
Bonds—Prinol
great favor by giving immediate notice of any error
DESCRIPTION.
For
*m
li
BONDS
AND
RAILROAD STOCKS
1881.]
City * Dakota.—The
Dakota Southern (Sioux
City, la., to Yank
the Sioux City & Pembina,
Both lines built in same
Preferred stock, $600.in 1879, $184,170; net,
$46,305. In February, 1880, the Chicago Milwaukee & St. Paul leased
this road, but this was contested at law by John I. Blair. (V. 28, p.
L20; V. 29, p. 277; V. 30, p. 168, 314, 568.)
ton, Dakota, 61 miles.) was merged, with
as the Sioux City-& Dakota, Nov. 1, 1879.
interest, and surplus applied to construction.
000; common, $1,800,000,
Gross earnings
Fremont,
Railroad,
one of the subsidized
bonds has not been fully
earned, and the United States Auditor of Railroad Accounts reports no
let earnings subject to the payment of 5 per cent to the United States.
For the year ending Dec. 31,1879, the gross earnings were $4,0.590
ind net earnings, $137,626. The capital stock is $2,068,400, of which
Sioux
City *
Pacific.—Line of road from
Sioux City, la., to
& Missouri Valley
STeb., 107 miles; leased—Fremout Elkhorn
L10 miles; total line operated, 217 miles. This was
Pacific roads, but the interest on first mortgage
©f 7 per cent per annum.
was as follows:
8169,000 is preferred, receiving a dividend
Hie balance sheet of the company Dec. 31,1879,
Assets.
Liabilities.
United States bonds...
Road and
Material
.$1,628,320
1,122,350 Cash
1,628,000 Company’s bds. & stocks
50,460 Accounts receivable....
bonds
First mortgage bonds..
Interest on bonds
Interest
Bills
on
payable
Pay-rolls and vouchers.
Accounts payable
Capital stock
Oliver Ames,
31, p. 46, 68,
5,000
45,724
85,681
2,068,400
58,378
5,000
39,106
United States.
109,844
1,033,807
President, North Easton,
484.)
36,784
Deficit or debit (balance
to income one-half)...
Due from
.$6,633,935
Total
equipment... $5,351,015*
Total
Mass. (V. 27, p. 96,
$6,633,935
253, 374 *, V
*
Subscribers will confer a great favor
explanation of column headings, Ac., see
on
first page
Somerset— 1st mortgage,
of tables.
notes
659781
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
25
gold ($400,000 end. by Lehigh V. HR.).
bonds
bonds
Southern Iowa ft Cedar Rapids— 1st mort., gold —
South. Pac.(Cal.)—1st mort.,gold,land gr., cp. or reg.
Southern Pennsylvania— 1st mortgage, gold
Southwestern (Ga.)—Stock, guarant’d 7 per annum
Company bonds, convertible into stock at par
1st mortgage interest
2d mortgage interest
1872
1866
183
183
114
114
114
114
87
712
24
257
mortgage
1st
Spartanburg db Asheville— 1st mortgage, gold
Spuytcn I>uyvil (6 Port Morins—Stock
Slate Line ft Sullivan—1st M., conv. (red’ble aft.’88)
Staten Island—1st mortgage
(N.Y.)—1st mortgage
Cn)ypei'0})oli8—\st mort., (guar, by C. P.)
Sterling Mountain
Stockton ft
Summit Branch, (Pa.)—Stock
1st mortgage bonds
Somerset—West Waterville, Me., to Anson, Me., 25
7 miles to Solon proposed. Capital stock,
sion of
earnings, 1878-9, $19,223;
1,000
1873
£200
1869
$1,000
1872
1877
1877
1870
1000&C.
1875
500 Ac.
Var.
1,000
42,000
1,500,000
29,520,000
625,000
3,892,300
....
ioo
42
.
100 Ac.
29
13
1878
100 Ac.
7*2
1865
1875
200,000
300,000
350,000
500,000
4,010,350
1,000,000
....
1,000
500 Ac.
50
1,000
An exten¬
$377,573. Gross
miles.
net, $2,808; 1879-80, $20,098 ; net, $3,580.
A plan of reorganization to save foreclosure
which embraced the following new issues:
floating debt.
made in 1880,
First mortgage consol. 6 per
Second mortgage 6 per cent
Income bonds, 6 per
New stock
was
$4,500,000
cent
2,000,000
2,000,000
5,108,558
1
cents
$13,608,558
securities was
;iven at length in the Supplement of December, 1880. In January,
881, the committee made essential modifications of the plan (see V. 32,
►. 123), and proposed to issue new securities as follows, compared with
Total stock and bonds
The
disposition of these issues to holders of the former
he first
plan:
New Plan.
Income mortgage
Stock mortgage
e-
g.
g.
g.
g.
4
7
7
7
5
3
7
1871
1878 to '88
London.
J.
1878 to '88
New York.
J.
Oct. 1, 1902
O. N. Y., Nat. City Bank.
Charleston.
O.
April, 1891
J. N. Y., Nat. City' Bank. 1880 and 1892
J. N. Y., Drexel, M. A Co. Jan. 1, 1890
1903
A N. London, Baring Bros.
A A. N. Y., Vermilye A Co.
Aug. 1, 1899
M. A S. N. Y., Nat. City Bank.
F. A A. N. Y., Vermilye A Co.
do
do
M. A S.
M. A N.
A. A O. N. Y., C. P. Huntington.
M. A S.
J. A D. Savannah.Cent.RR. Ga.
Macon.
Various
....
F.
J.
J.
J.
A
A
A
A
A. Phila. and Greensburg.
J. CharlestonA New York.
Now York.
J.
J. N. Y., Union Trust Co.
A
A
F. A
J. A
1882
Aug. 1, 1887
Sept. 1, 1887
May 1, 1900
April 1, 1905
Mar. 1. 1900
Dec. 20. 1880
1882
(?)
Feb., 1917
Jan. 1, 1897
Jan., 1881
Jan. 1, 1899
N.Y., Company’s Office.
....
J.
J.
Mar. 1,
J.
J.
A.
New York.
N Y., Central Pacific.
Phila., 233 So. 4th St.
do
J.
do
1885
January, 1905
Feb.
Jan.
16, 1876
1, 1904
$100,000 per annum goes into operation in 1882.
Stock paid in is
$36,763,900. The Central Pacific Railroad Company has taken a lease
of the southern division of this road for a period or not less than five
years from January, 1880, and by the terms of the lease “if a railroad
is not completed in five years from that date, so that
there is a connec¬
tion of the Southern Pacific Railroad of California with the Eastern sys¬
tem of railroads on what is known as the thirty-second parallel line, the
lease shall bo extended until such connection is made, provided such
extension does not exceed five years longer, or ten years in all,” from
January, 1880. By the terms of the lease, “the net rental agreed to be
paid during the continuance of this lease and any extension thereof,
shall be $250 a month, or $3,000 a year per mile,” (being, at present, on
about 551 miles, equal| to about $1,650,000 annual rental), “ and if, for
any cause, it shall be reduced by mutual consent, the rental shall be at
least sufficient to pay interest on bonds.” In 1878 the gross earnings
were $4,327,086 and net earnings $2,155,704.
In 1879 the net earnings
were $362,761 on northern division and $1,635,554 rental on south¬
ern division;
total* $1,998,316. Estimated net earnings in 1880,
$2,500,000. (Vol. 30, p. 93; V. 31, p. 154, 196, 248, 359, 428, 430,
454, 560, 673; V. 32, p. 99, 101, 182.)
First Plan.
$4,500,000
2,000,000
2,000,000
5,822,200
First mortgage
Second mortgage
July, 1891
May,
3*2
400,000
989,000
6
1874
g.
g.
3*a
962,000
Stocks—Last
Dividend.
A
A
A
A
A
A
g.
7
7 g.
1,000
30
20
20
J.
J.
A.
A.
J.
J.
M.
F.
>al,Wlien Due.
Payable, and by
A J.
7
1877
1876
30
J.
133,000
546,150
■
South Carolina— Charleston to Hamburg, S. C., 137 miles; branches to
Columbia, 68 miles/ and to Camden, 38 miles: total main line and
branches, 243 miles.
A receiver took possession in September,
1877, at the suit of 2d mortgage bondholders; a large part of
tms mortgage was hypothecated
at 50 cents on the dollar to
secure
Bonds—Prinoi-
Whom.
Payable
5
6
7
7
6
8
6
7
7
7
7
7
6
7
575,050
210 Ac.
210 Ac.
Where
When
Is■
$450,000
5,819,275
1,482,666
1,051,500
1,206,500
1,067,500
63,500
391,000
5,075,040
1,500,000
600,000
500
100
1868
1870
Rate per
Cent.
Outstanding
100
Various
500
1868
1868
242
Amount
$100
1871
242
242
Pennsylvania—Stock
Southwest
discovered In these Tables.
by giving Immediate notice of any error
gold
South Carolina—Stock
1st mortgage, sterling loan
1st mortgage, aollar bonds (L)
2d mortgage (for $3,000,000)
Domestic bonds (I)
Domestic bonds (K)
So. ft No. Alabama—1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. & N
Southern Central (N. Y.)—1st mortgage
2d mort.
[VOL. XXXII.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
AND
STOCKS
RAILROAD
lii
$5,000,000
1,500,000
3,000,000
4,657,760
Southern Pennsylvania Railway <t Mining Company.—South Pennsyl¬
vania Junction to Richmond, Pa., 21 miles, with a branch from Rich¬
mond to Ore Banks, 2 miles. Leased for 199 years from Maroh 1,1870,
to Cumberland Valley Railroad Company. Road originally organized
under the name of Southern Pennsylvania Iron A Railroad Company,
but was sold by foreclosure of second mortgage
reorganized under present name.
December, 1872, and
Capital stock, $800,000.
Southwestern (Georgia).—This road was formed November 1,1868, by
$14,157,760 consolidation of the Southwestern Railroad and the Muscogee Railroad.
It runs from Macon, Ga., to Eufaula, 144 miles, and has 166*2 miles of
The decree of sale was granted and time was to bo set. See V. 30, p. 568.
branches, the main one being from Fort Valley to Columbus, 72 miles.
The last annual report was in the Chronicle, V. 30, p. 517. Earnings A lease was mado
August 1, 1869, to the Central Railroad of Georgia,
for five years past were as follows:
which assumes the liabilities and guarantees 7 per cent on the stock,
Years.
Miles.
Gross Earnings.
NetEarn’es. but 8 per cent is to be paid if 10 per cent is paid on Central stook.
243
$1,229,302
$448,574 Gross earnings in 1878-9, $751,575; operating expenses and taxes,
\
243
1,126,437
478,684
1877.........
243
1,020,664
426,910
45,032. (V. 31, p. 404.)
$14,322,200
Total
,
243
1,011,861
371,631
243
1,052,023
337,745
306,
—(V. 29, p. 632 ; V. 30, p. 43, 358,409, 494, 517, 568; V. 31, p. 153,
359, 536; V. 32, p. 123.)
South <t North Alabama.—Decatur. Ala., to Montgomery. Ala., 183
miles, with a branch of 7 miles from Elmore to Wetumpka. The road is
controlled
by the Louisville A Nashville Railroad |Co., which owns a
majority of the stook and all the 2d mort. bonds ($1,000,000). 500,000
acres of land in Alabama, largely mineral, nave been transferred to the
Louisville A Nashville Co. Common stock, $1,461,767; preferred stock,
$2,000,000. In 1878-9 gross earnings were $873,196; operating ex¬
penses, $558,610; net, $314,586; deficit to Louisville & Nashville Co.,
$100,285.
Southern Central (N. Y.)—Fairhaven, N. Y., to Pennsylvania State
Road forms an extension into New York State for
Lehigh Valley Railroad, which company endorses $400,000 of second
mortgage bonds. Capital stock paid in is $1,790,234. Gross earnings in
1877-8, $462,906; operating expenses and taxes, $320,056; net earn¬
ings, $142,850. In 1878-9 gross earnings were $419,942; net, $102,272;
1879-80, gross, $455,467; net, $149,23?. (V. 28, p. 351; V. 29, p. 629.)
line, 114 miles.
Southern Iowa ft Ced.Rapids.—In progress. Ottumwa to Cedar Rapids,
t443,952; net, $307,623; rental paid by lessee, $352,631; loss to lessee,
Southwest
Pennsyhania.—Greensburg, Pa., to Olyphant, P., 42 miles.
Opened April 1, 1873, and leased to Pennsylvania Railroad, w'hich oper¬
ates it at cost, paying net earnings as rental. In 1878 gross earnings
were $338,707, and net earnings $183,409.
Interest on bonds and 7 per
cent dividends on stock were paid out of net earnings of 1879.
Spartanburg ft Asheville—Road, as projected, extends from Spartan¬
burg, S. C., to Asheville, N. C., 67 miles, of which 48 miles, Spartanburg
to
Placed in hands of receiver Novem¬
Capital stock, $1,000,000. (V. 32, p. 17.)
Hendersonville, are in operation.
ber, 1878.
Spuyten Duyvel ft Port Morris.—Road is 6 miles in length and connects
Leased
the New York Central & Hudson with the New York A Harlem.
to New York Central November 1,1871. Rental is 8 per cent on
stock of $989,000. Operations are included in lessee's returns.
capital
State Line ft Sullivan.—Monroeton, Pa., to Berenice, Pa., 24 miles.
Originally organized as Sullivan A Erie Coal & RR. Co., which was sold in
foreclosure Oct. 14,1874, and a new company formed December 2,1874,
under the present name.
Stock, $1,000,000 (par $50). The mortgage
covers 5,000 aores coal lands.
In 1878 gross earnings were $40,867,
and net earnings, $29,673.
on Staten Island, Stapleton to Tottensville,
purchased by present owners in 1874, and is
road
Iowa.
Staten Island.—Local
13 miles. Road was
Southern Pacific of California—Road in operation October, 1880:
Northern Division—San Francisco, Cal., to Soledad, 143 miles; Carnadero to Tree Pinos, 18 miles; total, 161 miles; Southern Division—
Huron to Los Angeles, 280 miles; Los Angeles to Yuma, 249 miles:
operated in connection with Staten Island Ferry Company. Capital
stock, $210,000. Earnings, 1877-8—from ferry, $185,682; from rail¬
road, $67,339; total, $253,011; operating expenses, $205,777: net,
$47,234. Interest, $23,093: surplus, $24,141.
Los
Angeles to Wilmington, 22 miles; total, 551 miles; total Southern
At Goshen the Southern Division meets the San
Paoiflc, 712 miles.
Joaquin Branch of the Central Pacific, by which it reaches San Francisco
and the main line of Central Pacific. The projected lines are Soledad to
Lerdo Junction, 160 miles, and Mojave Junction to Colorado River, 278
miles. It is contemplated that the Southern Pacific will form part of a
through line to El Paso, and there meet the Texas Pacific.
At its ter¬
minus at Yuma It connects with the Southern Pacific RR.of Arizona,
independent but closely affiliated company, which was to be com¬
an
pleted by January, 1881, some 500
miles, to Florida Pass, 25 miles west
of Mesilla (about 1,250 miles from San Francisco), to a junction with
the Atchison Topeka A Santa Fe, thus*forming a new route to the Pacific
coast. (See V. 7l, p. 455.) The bonds above are in series A, B, C and D,
of which A includes $15,000,000 and B, C and D each $5,000,000: there
are also three other series, E and F of
$5,000,000 each, and G of
$6,000,000; these latter are to be issued for new construction. Land
grant is 12,830 acres per mile, and proceeds of sales go to pav bonds.
The total grant is estimated at 11,000,000 acres, of which 7,000,000
pertain to road now built.
Besides these sales a sinking fund of
Sterling Junction on the
miles. Gross earnings, 1877-8, $17,820-;
net, $1,688. Capital stock, $80,000.
Sterling Mountain (N. Y.)—Road runs from
Erie Railway to Lakeville 8
expenses and taxes, $16,132;
Gopperopolis.—Present company is a consolidation, made
17,1877, of the Stockton & Copperopolis and the Stockton A
Visalia. Line of road, Stockton to Oakdale, Cal., with a branoh of 12
miles. Leased to Central Pacific Railroad Company for thirty years
from December 30,1874. By the terms of the lease the lessee agrees to
Stockton ft
November
pay
old
Capital stock, $234,500. The
previously made default July, 1874, and the $1,000,000 of
exchanged for the present issue guaranteed.
principal and interest of the bonds.
company
bonds
were
Summit Branch (Pa.)—This company operates the Lykens Valley
Railroad, which extends from Millersburg, Pa., to Williamstown, and It
has a small branch of its own to Summit Mines,
of a mile. Traffic Is
almost exclusively coal. Gross earnings in 1879, $142,090; operating
expenses,
including rents, $142,048; net, $42.
February,
188 l.J
confer a great favor by giving
Subscriber® will
DESCRIPTION.
XO
pnrnlauation of column headings,
Jv
on first page of tables.
&c., see notes
■
Bridge dk Erie Junction—Stock
Syracuse Binghampton dk N. Y — Stock
2d mortgage (now first)
Consol, mortgage (guar. D. L. & W.)
Syracuse Chenango dk New Tork—Funded debt
•Suspension
Geneva dk Corning—1st mortgage
Terre Haute dk Indianapolis—Stock
Bonds ot 1873
Terre Haute & Logansport.—Stock
1st mortgage, guar, by Terre Haute & Ind’napolis
Texas dk N. Orleans of ’74—1st mortg. land gr., coup
Syracuse
Texas dk Pacific—Stock
1st mortgage, gold, coup. (E.
2d mort., consolv gold, coup.
.
Div.)
(E. Div.)
and land mort., reg. (7,600,000 acres)..
Dfmcisorip forint, on inc.mort.(conv.intost’k or I’d)
Income
gold, Rio Grande Div., $25,000 p. mile
Texas dk St. Louis—First mortgage, gold
Texas Ti'unkr— 1st mort. laud grant gold
Tioga RR.- 1st mortgage
Consolidated mortgage
Extension bonds
Toledo Canada. Southern dk Detroit—Stock
Toledo Cincinnati <6 St. Louis—1st mortgage, gold.
Toledo Delphos dk Burlington—1st mortgage
2d mort., income bonds, non-cumulative
1st mort.,
Troy dk Boston—Stock
1st mortgage, consolidated
Road. Bonds
23
23
81
81
81
43
57
113
•
•
•
-
•
•
•
•
•
•
•
•
54
54
•
1875
*
•
Size, or
•
285
285
53
35
....
guaranteed, Troy City.
income bonds
2,004,000
1,000
270,000
1,750,000
261,400
1,000,000
1,988,150
1,600,000
500,000
500,000
1,050,000
7,902,500
1,000
50 &c.
....
50
1,000
50
1,000
1,000
....
1875
1875
1,000
1880
1880
1880
1880
1852
,1876
1831
1880
1880
....
1,000
1,000
1,000
100
1,000
....
....
2%
7
60
74
....
1876
....
....
....
—(V. 27, p. 568.)
dk New York.—Syracuse,
N. Y., to Earlville, N. Y.
Valley Railroad was sold in fore
March 14,1873, under the name
of Syracuse & Chenango Railroad. April 15,1877, road was again sold
In foreclosure and present company organized, which also became
embarrassed and passed into the hands of Mr. James J. Belden, January
1879, as Receiver. In January, 1880, the road was reported sold to a
Boston Syndicate.
(See V. 32, p. 101.) Capital stock, $801,400. In
1878-9 gross earnings were $72,278; net, $3,764; in 1879-80, gross
$83,133. (V. 28, p. 44; V. 32, p. 101.)
j
Syracuse Geneva dk Cornmg— Corning, N. Y., to Geneva, N. Y., 571*
miles. This road was opened December 10, 1877, and is leased to the
Fall Brook Coal Company. Stock is $1,152,500. In 1878-9 gross earn¬
ings were $349,966; operating expenses, $223,546; net, $126,420?
rental paid by lessee, $108,033; profit to lessee, $18,387. (V. 29, p.
43*2 miles. The Syracuse & Chenango
closure and a new company organized
136,000
1,000
1,000
629.)
1,342,600
Years.
1876 -7....
1877-8....
1878-9....
1879-90
F. & A. New York & Philad’phia
N. Y., St. L. & I. Mt.
J. & D.
Boston.
M. & N.
M. & N. N.Y., Bk. of N. America.
6 g.
6 g.
7 g.
7
7
7
....
past were as follows:
Gross
Miles.
L
114
114
.
L
i
.
114
114
1877-8....U
1878-9
i....,
*
Eleven months
.
114
Net
Div.
Earnings.
Earnings.
p. c.
10
10
6
8
8
$1,092,007
1.076,965
1,026,028
*893,792
1,082,373
$371,713
355,955
344,403
*366,666
404,370
only.
Logansport.—Road extends from Logansport, Ind., to
Rockville. Formerly Logansport Crawfordsville & Southwestern, which
was sold in foreclosure
September 10, 1879, and reorganized under
present name. Rockville extension of the Evansville & Terre Haute
Railroad, Rockville to Terre Haute, is operated under lease. Leased by
Terre Haute & Indianapolis Railroad for 25 per cent of gross earnings,
and first mortgage bonds guaranteed by that company. Gross earnings,
January to July, 1879, $113,062. (V. 29, p. 252, 277, 459, 564.)
Terre Haute dk
Orleans {of 1874).—Houston, Tex., to Orange
This was a reorganization, 1874,
New Orleans Railroad. It will soon be extended, completing an
route from New Orleans to Houston. The stock is $3,000,000.
earnings in 1878 were $220,137; net, $94,284. John T.
Texas dk New
River), 108 miles.
(Sabine
of the old Texas &
all-rail
Gross
Terry, Presi¬
dent, New York. N. Y.
1910
Aug. 1, 1905
1905
1905
6 g.
6
6
-
.
.
J.
&
New York.
J.
#
Troy, Company’s Office.
J. & J. N. Y., Nat. B’k of Com.
F. & A.
2
7
7
1915
Feb.
May
May
Nov.
Oot.
6
1921
Jan. 1, 1910
1910
Feb. 2, 1880
1894
1882
do
do
M. & S.
1, 1930
1910
1, 1910
1, 1882
1, 1896
1, 1905
June 1,
*■
.
Phila., 233 South 4th.
3*2
J.
J.
7
7
& J.
& J.
Rondout,
Freight (ton)
Mileage.
13,886,499
15,004,800
...
Co.’s
do
Passenger
Mileage.
Miles.
415
444
444
444
-
...
...
43,369,881
51,022,434
50,723,818
66,446,382
Office.
Feb. 15,1881
1906
do
Net
Gross
Earnings.
$2,043,453
2,331,310
Earnings.
$538,329
2,136,143
2,589,220
1,045,703
708,138
544,916
1878-79.
1879-80.
$
538,329
708,138
544,916
1,045,703
557,867
Total net income
Disbursemen ts—
Interest on debt
658,049
656,370
663,120
69,620
Singing fund
def.19,538
Balance
sur.50,089 def.111,454 sur.312,963
358, 564, 621, 632, 650; V. 30, p. 17, 43,118, 274,
V. 31, p. 61, 96, 177, 205, 248, 359, 673; V. 32, p.
—(V. 29, p. 171, 299,
358, 409, 567, 675 ;
123, 205.)
250
Land grant is
seotion
321, 536,
Texas dk SI. Lou is— Narrow gauge road. Texarkana to Waoo,
miles, of which 130 miles was completed Sept., 1880.
102,400 acresfor each 10 miles of finished road, except on one
of 36 miles, where only 51,200 acres are received, (V. 31, p.
V.
32,
p.
101.)
to 8abine Pass, Tex.,
50 miles, has a land
grant of 8,960 acres for each mile built. Bonds were offered in Feb¬
ruary, 1881, by Alvah Smith, Boston.
Texas Trunk.—This road is projected from Dallas
about 300 miles, with a branch to Sabine River,
miles; branch, BlossLine Rail¬
total, 55
$393,766
and net earnings, $103,448. F. N. Drake, President, Corning, N. Y.
Toledo Canada Southern dk Detroit— Toledo, Ohio, to Detroit (G.
T. Junction), Mich., 55 miles. Road opened September 1, 1873. In
1879 gross earnings were $416,544; operating expenses, $461,498;
deficit, $44,954. The bonds were exchanged into Canada Southern first
Tioga— Arnot, Pa., to
Indianapolis to Illinois State Line,
branches,
total, 114 miles. The road was
opened in 1852 (as Terre Haute & Richmond), and has been one of the
best of Western roads. The company leases and operates the St. Louis
Vandalia & Terre Haute Road on joint accoimt with the Pittsburg
Cincinnati & St. Louis Railroad, at 30 per cent of gross earnings, bu
guarantees the first and second mortgage bonds. Earnings for five years
Terre Haute dk Indianapolis.—From
80 miles, with coal
34 miles;
1893
do
do
11,651,044
11,438.607
income account was as follows :
1876-77.
1877-78,
..
The
...
Nov. 15,1905
Feb. 1, 1881
.
.
....
680,000
1,000,000
....
July 1, 1900
Feb., 1881
June, 1887
Oct. 1, 1906
Aug. 1, 1907
M. & S. Phila., N.York ^London March 1,
June 1,
do
do
I. & D.
July. New York& Philad’phia Jan. 1,
6 g.
6 g.
650,000
500 &c.
Dividend.
....
....
1,384,000
1,000
N.Y., Farmers’ L.& T.Co.
N.Y.,Farmers L.& T.Co.
J. & J. N.Y., Farmers’L.& T.Co.
F. & A. New York, Co.’s Office.
6
7
(?)
239,500
125,000
265,000
1,547,662
3,000,000
2,250,000
2,250,000
1,609,000
....
....
7
1,040,000
....
....
1874
7,619,000
8,177,000
1,552,570
5,000,000
J. N. Y. Lake Erie & West.
D. N.Y., D L.&W.RR. Co.
do
do
D.
do
do
O.
& A. Syracuse Savings Bank.
J. & J.
A. & 0.
Stocks— Last
Whom.
....
3,481,000
1,000
1,000
1875
5
&
&
&
&
J.
J.
J.
A.
F.
4
pal,When Due.
|Where Payable, and by
Payable
7
7
2
7
7
7
7
1,000,000
100
When
Rate per
Cent.
$500,000
$....
1,000
Junction.—East Buffalo Junction to Niagara
Falls and Suspension Bridge, 2314 miles. Road opened January, 1871.
It is leased to New York Lake Erie & Western Railroad Co. at 30 per
cent of gross receipts, which are guaranteed to be not less than $105,000
per annum. Lessees own all stock except 297 shares.
Syracuse Binghampton dk New York — From Geddes, N. Y., to Bing¬
hampton, N. Y., 81 miles. Chartered as Syracuse & Binghampton and
opened October 23, 1854; foreclosed and reorganized April 30, 1857
In the last year
and leased to Delaware Lackawanna & Western.
reported—ending September 30,1880, the gross receipts were $869,154
road expenses, $546,819; net $322,335; interest on bonds, $141,400
Years.
1874-5
1875-6
1876-7
Outstanding
Value.
Suspension Bridge dk Erie
Syracuse Chenango
Amount
Par
•
1879
1875
discovered In these Tables.
Bonds—Prlncf
INTEREST OR DIVIDENDS
....
600
130
•
1877
1873
•
93
106
650
444
444
444
•
1870
1875
1867
1876
Immediate notice of any error
1878
bonds (for $1,000,000)
Troy JJnion—1st mortgage,
Tifrone dk Clearfield—Stock
jflster dk Delaware—1st mortgage...
2d mortgage
Date
of
....
Convertible bonds.. v
New mortgage
Miles
of
liii
AND BONDS.
RAILROAD STOCKS
State line New York, 44
burg, Pa., to Morris’ Run, Pa., 4 miles; leased, Elmira State
road, State line New York to N. C. Railway Junction, 7 miles;
miles. The stock is $580,900. In 1879-80 gross earnings were
cent of face value.
Louis.—This is the connecting line (narrow
gauge) of the Toledo Delphos & Burlington projected 250 miles to St.
Louis. For each $9,500 in cash, subscribers received $10,000 in 1st
mortgage bonds, $5,000 incomes and $5,000 stock. (V. 32, p. 6.)
Toledo Delphos dk Burlington— Road from Toledo to Kokomo, Ind., 185
miles; branch, Delphos to Dayton, O., 100 miles. Of the first mortgage
bonds, $1,250,000 are secured on the 185 miles and $1,000,000 on the
100 miles, and the second mortgage similarly. Extension to St. Louis is
in progress under name of Toledo Cincinnati & St. Louis Railroad. (V.
31, p. 330, 653; V. 32, p. 6, 101, 206.)
Troy dk Boston.—From Troy, N. Y., to Vermont State line, 35 miles;
Southern Vermont (leased), 6 miles; Troy & Boston (leased), tto North
Adams, Mass., 7 miles; Troy & Bennington (leased), 5 miles; total oper¬
ated, 53 miles. Last annual report in the Chronicle, V. 30, p. 168.
Net earnings in 1878-79, $288,519; interest, $190,836; rentals. $27,637;
Balance to surplus*
rgc
hire of cars, $8,153.
Total charges, $226,526.
I, against
>1,992. The floating debt Sept. 30, 1879, was $380,648,
1:36,022 in 1878. Operations and earnings for five years past were as
follows
Net
Div’d
Passenger
Freight (ton) Gross
Earnings. p. ct
mortgage bonds at 70 per
Toledo Cincinnati dk St.
Earnings.
Mileage.
Miles.
Mileage.
Years.
6,724,679 $524,276 $247,643
4,696,351
53
Pacific.— May 31,1880, owned from Marshall to Fort Worth, 1874-5.
268,206
566,540
13,908,977
5,605,546
53
Tex., 180 m.; Marshall to Shreveport, La., 40 m.; Marshall to Texar¬ 1875-6.
276,614
560,764
16,853,882
6,660,492
53
kana Junction, 69 in,; Texarkana to Sherman, Texas, 155 m. Total 1876-7.
274,747
560,344
23,829,494
6(492,660
53
length, 444 miles. It was built under act ot Congress of March 3,1871, 1877-8.
288,519
593,896
30,501,683
6,112,538
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬ 1878-9.
46
ceeded to the right of the Memphis El Paso & Pacific Railroad and other
—(V. 28, p. 119; V. 30, p. 168.)
companies. By a contract made in January, 1880, with Pacific Railway
Improvement Company, the road is to be extended to El Paso on the
Troy Union.—A small road in Tro
Rio Grande, about 600 miles, to meet the Southern Pacific of California, Bridge to Troy & Greenbush RR., t _
at $25,000 in bonds and $20,000 in stock per mile of road, and the roads. Capital stock, $30,000. Bonds
work completed by January 1,1883. (See Chronicle, V. 29, p. 650.) and are guaranteed by the companies interested.
The stock authorized is $50,000,000, and issued $7,902,500, of which
61,734 shares were held in trust till Oct. 1,1880, when stock was issued
in redemption of certificates.
From the State ot Texas the company branches,
has already received 4,851,702 acres of land, There were also 1,000 April
certificates for 640,000 acres deposited in trust for certain foreign claim¬ was leased to the Pennsylvania Railroad in 1878; rental was
Texas dk
...
...
...
4
4
4
2
...
..
...
to the
ants. The railroad lands in Texas, however, do not lie adjacent
hue of the roads owning them.
The land grant
were 20 sections per mile in California and 40
per
Territories between Texas and California.
The acts of Congress
by acts of Congress
sections
mile in the
in
regard to this road made conditions as to time of construction, &c.
See full statement as to lands in V. 31, p. 178.
The last annual report
was published in the Chronicle of Aug. 14,1880. on page 177.
Opera¬
tions and earnings for four years past, ending May 31, were as follows:
$73,500.
Philadelphia, Pa.
Ulster dk Delaware.—Rondout (Hudson Rivor), N. Y., to Stamford, N. Y.,
74 miles. This was the Rondout & Oswego in 1876; reorganized May
28,1872, as New York Kingston & Syraouse, and again, after foreclosure.
May 1,1875, as Ulster & Delaware. The stook is $1,152,100. In 1877-8
the gross earnings wero $168,157 net earnings $Ga,658. Thoa. Cornell
G. B.
Roberts, President,
President, Rondo*.
t.N Y
'
Subscribers will confer a great favor
i’;ir
1,825
Union Pacific—Stock
1.038 1866-9
mortgage, gold, on road and equipment
2d mortgage currency (Government subsidy) — 1,038 1866-9
1874
do
on road (2d on land), sinking fund.. 1,038
3d
1867-9
Land grant bonds on 10,514,789 acres
1871
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).
1879
Collateral Trust bonds
106
1869
Denver Pacific, 1st mortgage, gold, land grant...
1879
Kane. Pae.,cons. M..,g.(for $30,000,000),cp.or rg.
1st
1st M.. g, cp., on 140m. west Ko. Riv.
1st mort., gold, 140th to 393d mile...
140
253
394
245
34
427
1865
1866
1865-7
1869
1866
1866
1870
1871
Amount
1st,394th to 639th in., l.g., 3,000,00C
(Leavenworth Br.)..
Income bds, coup., 3d M.on 427 m"
1st land bds.cp.or rg.,g.,on 2,000,00(
2d land
do
do
....
do
Union Pacific, Central Branch—1st mort.,
100
gold
100
379
(government subsidy)
United N. J. HR. & Cc.nal Companies—Stock.
General mortgage, gold, coupon
United Co.’s mortgage, sinking fund, regist
2d mortgage
fund
sterlingjoan mortgage, sinking
do
do
do
dollar loan,
loan, reg
do
do
do
do
....
<
mortgage
£200
1,000
1,000
1,000
1,000
3,632,000
527.000
12,155,000
2,240,000
4,063,000
6,303,000
6,379,000
1,000
•
•
.
1,000
1,000
50 &c.
250 Ac.
....
„
State of N. J
492,000
1,124,150
1,460,000
1,000
350,000
1866
1,000
1879
’66-7-8
1,000
1,000
100
1,600,000
640,000
1,600,000
20,190,400
1871
1871
1871
1871
1871
1878
1,000
5,669,000
...
•
•
.
•
....
1862
1868
Union Pacific Jlailway.—This was a consolidation, January 24, 1880,
of the Union Pacific Railroad, the Kansas Pacific and Denver Pacific,
made under authority of the acts of Congress of July 1, 1862 and
When
2h
0 g6
6 g.
0 g.
6
6
6
6
6
7
2,000,000
1,846,000
1,800,000
154,000
841,000
1,700,000
866,000
5,000,000
100,000
Where
Payable, and by
Payable
Whom.
New York and Boston.
do
do
U.8. Treas., at maturity.
New York and Boston.
New York and Boston.
6 g. J. & J.
J. & J.
6
M. <fc 8.
8
7
A. & O.
8 g. A. & O.
6
J. & J.
7 g. M. & N.
6 g. M. & N.
6 g. F. & A.
6 g. J. & I>.
6
Payable
6 g. M. & N.
7
M. & N.
7
M. & 8.
7 g. J. & J.
7 g. M. & 8.
M. & N.
6
7 g- M. & N.
6
2,121,000
do
N. J. RR. & T. Co., 3d loan due
discovered In tbese Tables.
?
Q.-J.
1*2
$100 $61,000,000
27,231,000
1,000
27,236,512
1,000
15.292,000
1,000
6,299,000
Joint Co.’s plain bonds
do
do
Rate per
Cent.
Outstanding
69267814.*781
2d M.(to lLS.Gov.) on 394m.W. Mo.R.
1st mort., coup.,
[Vol. XX A IT.
by giving Immediate notice of any error
Date
Miles
Size, or
of
of
Road. Bonds Value.
explanation of column headings, &c., see notes
on lirst page of tables.
do
do
do
do
do
do
do
do
BONDS.
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
KAILROAD
liv
Q.-J.
M.
A.
M.
M.
F.
M.
F.
J.
M.
A.
& 8.
& O.
& 8.
& 8.
& A.
& 8.
& A.
& D.
& N.
& O.
Stocks—Last
Dividend.
Jan. 1, 1881
1896 to 1899
1896 to 1899
Sept. 1, 1893
1887
London, L. & 8. Fr. Bk.
April, 1896
N. Y., Union Trust Co.
July 1, 1908
N. Y., Bk. of Commerce. May 1, 1899
do
do
do
do
do
do
May 1, 1919
Aug. 1, 1895
June 1, 1896
^ by transportation.
1895 to *97
Y., Loud. & Frankf’t.
N. Y., Bk of Commerce.
N.
May 1, 1899
Jan
1, 1896
do
do
July 1, 1916
N. Y., Lond. & Frankf’t. July l, 1880
New York.
Sept., 1886
N. Y., Company’s Office. May 1, 1895
N. Y., Hanover Bank.
U.S. Treas., at maturity. 1896,’97, ’98
Phila. and N. Y. Offices. Jan. 10, 1881
Mch. 1, 1901
Philadelphia, Office.
do
do
Oct. 1, 1894
London.
Mch. 1, 1894
do
Mch. 1, 1894
Feb. 1, 1888
Philadelphia.
do
Sept. 1, 1908
Feb. 1, 1883
Philadelphia Office.
Jan. 1, 1889
Princeton, N. J.
Ncv. 1, 1889
Philadelphia Office.
N. Y., B’k of Commerce.
Overdue.
Sinking funds
Government
$207,444
1,149,688
earnings retained
Total deductions from earnings
$0,952,427
New stork was issued for the old stock of the three com¬
$1,196,161
panies, but their bonds remained unchanged. (See Chronicle, V. 30, p. Surplus
118.) The Union Pacific was from Omaha, Neb., to Ogden, Utah, 1,034
Operations and earnings for five years past were as follows:
miles; bridge and approaches to Council Bluffs, 3 miles; Ogden to
Gross
Net
Div..
Passenger Freight (ton)
Central Pacific Junction, 5 miles; total, 1,042 miles. The roads consoli¬ Years. Miles.
Earnings, p.ct.
Mileage.
Mileage.
Earnings.
dated were as follows: Union Pacific Railroad—Council Bluffs to Ogden, 1875..
1,042 132,591,343 269,414,989 $11,993,832 $7,011,784 3^
1,042 miles; Kansas Pacific Railway—Kansas City to Denver, 639 miles, 1876.. 1,042 128,032,924 292,002,076
7,618,647 8
12,886,858
Wyandotte Branch, 2 miles, Leavenworth Branch, 34 miles, Enterprise 1877.. 1,042 107,833,371 334,644,870
12,473,203
7,199,782 8
Branch, 2 miles, total, 677 miles; Denver Pacific—Denver to Cheyenne, 1878..
1,042
96,304,250 366,014,080
12,873,658
7,497,072 5
106 miles; total, 1,825 miles. Branch roads were owned in part, or con¬
1879.. 1,042
436,054,149
13,201,077
7,725,574 6
trolled by the new corporation, to the extent of 1,597 miles. The company,
under acts of Congress above-named, took a land grant of 12,800 aerts
Of the Union Pacific collateral trust bonds, the issue is limited to 80 per
per mile, estimated at a total of 12,083,227 acres, and a subsidy in U. S. cent of the following bonds: Omaha & Republican Valley RR, $850,000;
bonds of $27,236,512. The interest and principal of this loan is to Colorado Central Railroad bonds, $2,526,000; Utah Northern Railroad,
be paid according to the “Thurman Act,” which requires 25 per cent about $3,480,000; total, $6,856,000. The collateral trust bonds area
of the net earnings, after deducting interest on the first mortgage direct obligation of the Union Pacific Company, and have as their security
bonds, to be paid annually to the Government as follows: First- the first mortgage bonds of the roads named pledged with the trustees..
Applied directly to interest account, one-half of Government earnings. The excess of interest collected on hypothecated bonds—say $22,000 per
Second—To be placed in the sinking fund—the other half of the Govern¬ year—forms a sinking fund to reduce the principal. An increase of
ment earnings; five per cent of net earnings, after deducting interest on $10,237,700 in the capital stock was made in February, 1881, by issuing
first mortgage bonds; so much of $850,000 as may be necessary to that amount to stockholders of record Feb. 1, at par.
make 25 per cent of net earnings. The annual report for 1879 was pub¬
The Kansas Pacific extended from Kansas City, Mo., to Denver. Col.,.
lished in V. £0, p. 270. This company’s reports have not been accom¬ 639 miles, with Leavenworth Branch, Lawrence to Leavenworth, 34
panied by a balance sheet, but in the report of the U. S. Auditor of Rail¬ miles. It was organized as “ Leavenworth Pawnee & Western” in 1861
road Accounts, the following is given as of June 30, 1880:
then changed to “ Union Pacific, Eastern Division,” June 6, 1863, and to
July 2,1864.
ASSETS JUNE
30, 1880.
LIABILITIES JUNE
$
143,393,035
Road, &c —
Railroad
Funded debt—
First mortgage
Equipment
11,000,000
Stocks and bonds, <fcc.—
Company’s own
1,431,893
Stock of other cos.. )ofto1Q 1(,ri
Bonds of other cos.
Other assets—
Cash
1,684,957
Bills receivable
77,482
Accounts receivable.
6,058,949
United States
13,211,657
Land contracts
5,506,726
Total assets
208,583,835
Material on hand
1,860,467
Unsold lands (estim’d) 15,000,000
U. 8.
30, 1880.
$
44,762,000
33,539,512
subsidy
Other bonds
44,386,100
Funding certificates.
2,355,410
Other debt—
Bills payable
“Kansas Pacific” on March 3, 1869.
The Pacific Railroad acts of 1862
and 1864 applied to this road, and gave it a subsidy of $6,303,000 and a
land grant of about 6,000,000 .acres. The lands mortgaged were put in
trusts, 2,000,000 acres in the first, from the first to the 380th mile
westward, covered by the first and second land mortgages, and from sales
of these lands there are $1,095,679 land notes held. The 3,000,000
acres in the second grant, from
the 380th mile westward, are covered
two
3,165,226 by the Denver Division mortgage. The second land grant mortgage,
with various other bonds, are taken up with the general consolidated
1,974,519
16,000 mortgage of May 1,1879, which covers road and lands, and the trustees of
that mortgage (Jay Gould and Russell Sage) made a full statement in
1,163,403
Dividends payable
699,630 July, 1880, regarding the bonds retired and the security held for this
Interest accrued
int. payable mortgage. (See Chronicle of August 28, 1880, p. 230.) In funding
Interest due U. 8.... 25,050,071 other bonds into the consolidated mortgage, the old Kansas Pacific
Trust funds
553,293 securities are exchanged at par, exeept as follows: The “funding
mortgage”
Capital stock
50.762,300 branch and bonds get nothing for 5 over-due coupons; Leavenworth
Accounts payable
Bonds payable
Interest payable
...
..
Total liabilities....208,427,464
Total assets
r
225,444,302
The securities held at close of the year 1879, amounted to $7,000,000
bonds and$8,669,400 stocks, given in the report as follows: Bonds—
Colorado Central, $2,413,000; Utah Southern and extension, $900,000;
Utah & Northern, $2,722,000; Omaha & Republican Valley, $900,000;
Summit County, $134,500; St. Louis Council Bluffs & Omaha, $19,500;
unstamped incomes at 50 per cent and nothing for over-due
interest; stamped incomes at 30 per cent; second land grant at 50 per
cent. The interest on Denver Extension bonds (sevens due May 1,.
1899) was reduced to 6 per cent. Kansas Pacific operations and earn¬
ings for four years past were as follows:
Years.
672
672
672
672
Wasatch & Jordan Valley, $10,000; Omaha Bridge bonds, $5,000;
Omaha Niobrara & Black Hills, $480,000; Utah Western, $16,000;
Marysville & Blue Valley, $300,000. Stocks—Colorado Central, $3,759,
200; Utah Southern, $837,000; Utah Central, $530,000; Utah Northern,
$2,330,000; Summit County, $338,100; Union Pacific, $275,100;
Omaha & Republican Valley, $450,000; Occidental & Oriental Steam
ship Co., $150,000.
Tne land department reports the following sales since 1869:
Number of
Acres.
Years.
128,825-28
164,058*32
206,605-97
172,108-67
177,083-50
235,74914
111,965-55
128,696-21
*
Av. Price
per
69,015-87
318,903-47
243,337-43
1,956,349-41
The income accoimt
Net earnings
Add interest collected
Total receipts
Disbursements—
Interest
on
Dividends,
bonds
6 per cent
was as
on
Acre.
$4 55*2
4
38*2
3
85*2
4 39
5
4
3
3
4
4
4
55
66
66
02
98
88
14i10
$4 42
below in 1879.
investment securities
Miles.
Passenger
Mileage.
19,292,049
18,232,525
18,936,167
22,173,135
Freight (ton)
Gross
Net
Mileage.
Earnings.
$3,363,760
3,000,800
3,284,734
3,610,224
Earnings ►
$1,572,881
72,119,554
71,540,034
85,393,211
140,013,144
1,217,982
1,367,777
1,198,662
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kansas Pacific), and opened
January 1,1871. The Denver & Boulder Valley was opened under a 90
year lease from 1873. The company made default, and a receiver wasappointed April 4,1878. The stock of $4,000,000 went into this consoli¬
dation January 24,1880, and the bonds are to be retired with the con¬
solidated mortgage of the Kansas Pacific.
(V. 28, p. 18, 44. 69, 70, 121,.
Amount.
147, 199, 252, 275, 328, 429, 453, 477, 495, 503,555,578,599,624;.
V. 29. p. 67,95, 196, 405, 434, 513,657; V. 30, p. 17, 93, 118; 163„
$586,808 29
717,757 14 169, 270, 345, 545; V. 31, p. 46, 68, 88, 154, 171, 196, 230, 347, 383,.
795,557 53 511, 558; V. 32, p.92,123.)
755,430 94
Union Pacific, Central Branch.—From Atchison, Kan., to Waterville,.
983,030 33
1,099,407 21 Kan., 100 miles; and has an extension under the name of Atchison Colo¬
409,916 10 rado & Pacific of 229 miles, making 329 miles in all, and the bonds
of the extension are guaranteed by u. P. company. The Union Pacific
389,773 46
343,768 02 Central Branch was formerly the Atchison & Pike’s Peak Railroad, and
1,557,082 32 was one of the roads embraced in the act,of Congress incorporating the
1,007,855 63 Union Pacific Railroad. The stock is $1,000,000, of which the Union
Pacific holds about $900,000. The company received a Government
subsidy of $1,600,000. Default on interest was made May 1,1873, but
$8,648,447 97 no foreclosure took place. In 1879 the earnings on 224 miles were
reported at $1,000,000; operating expenses, $477,862; net earnings,.
$522,138. (V. 28, p. 454, 477, 553; V. 29, p. 95,356; V. 30, p. 163,
$7,725,574 221; V. 31, p. 46, 68.)
423,014
United New Jersey RR. <6 Canal Companies.—Lines of road. New York
to Philadelphia and branches, 123 miles; Camden to Amboy and branches,
$8,148,588
1521s miles; Trenton to Manunka Chunk and branches, 103 miles: total
$3,390,595
2,204,700
operated, 379 miles. Delaware & Raritan Canal, 66 miles. The United
Jersey Railroad <fe Canal Companies were leased in May, 1871, to the
Pennsylvania Railroad for 199 years, at a rental of 10 per cent on the
New
<4.
biujary,
will confer a great favor
Subscribers
DESCRIPTION.
Dll U1
on
STOCKS AND BONDS.
RAILKOAD
1881 .J
UUUUliU
3
uv<»uiu^o,
first page of
tables.
by giving immediate notice
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
Amount
Outstanding
Central—Stock
mortgage, gold
187965.
Ust
TJtah
Utah
Northern.—1st mortgage
& Pleasant Valley— 1st mortgage,
Utah Southern— Stock
1st mortgage, coupon
General mortgage (tor
36*2
274
gold...
75
105
$1,950,000)
Utah Western—1st mortgage
Utica <6 Black .Hirer—Stock
Mortgage bonds
Black River & Morristown,
180
87
36
16
98
31
11
73
1st mortgage. ...
Clayton A Theresa, 1st mortgage
Utica Chenango <6 Susquehanna Valley— Stock.
Utica Clinton <£: Binghamton—1st mortgage—
'
Bonds, guaranteed by Vennont Central
Valley (N. YJ- Stock
Vermont <& Canada—Stock
Mortgage bonds
Missisquoi Railroad bonds
Vermont Central—1st mortgage,
2d mortgage, consolidated..'
1875-960.
....
consolidated
....
....
....
float’g debt).
per year)
Vicksburg & Meridian—1st series (red endorsed)
100
•
•
....
500
100
1866
100
1866
1366-9 500
100
1867
,.
.
.
Ac.
Ac.
Ac.
1866
1,000
1,000
1866
1866
100 Ac.
100 Ac.
1871
1,500,000
1,125,000
825,000
720,000
1,772,000
1,112.000
500,000
200,000
4,000,000
800,000
750,000
3,000,000
1,500,000
50,000
500,000
3,000,000
1,500,000
7
7
7
2
7
7
7
3
7
4
4
8
5
7
7
7
8
7
8
3
6
7
7
7
7
7
8
444,100
500 Ac.
When
550,000
150,000
703,500
850,000
145,000
1,180,600
217,400
Where
Payablo, and by
Whom.
Payable
Q.-J.
N. Y., Kountzo Bros.
J. A J.
J. & J. NewYork, 80 Broadway
Now York Office.
M. A N.
1*2
1,508,600
3,050,000
1,000
1866
3
6 g.
7
7
1,500,000
Ac.
Ac.
100
100 Ac.
.
1865
1872
•
-
1,000
1872
140
140
140
140
•
500 Ac.
1879
1871
....
funding mortgage..
....
1871
77
(not endorsed)
....
....
59
(blue endorsed)
1,000
....
....
(black endorsed)
....
....
Cent.
900,000
Too
1871
pal,When Due.
Rate per
1,000,000
3,888,000
1,000
1,000
1879
1874
73
Vermont & Massachusetts—Stock
1st mortgage (sinking fund $7,000
Convertible bonds
Bpecial loan,
1*871
....
Equipment loans.
Btanstead, S. & Chambly bonds
Income and extension bonds (to pay
2d series
3d
do
4th do
1870
1878
1879
Bonds—Princi¬
of any error discovered in these Tables*
INTEREST OR DIVIDENDS.
$1,500,000
$
1,000
1,000
1,000
...
Utah
<
J.
A J.
....
M.
J.
J.
J.
N. Y., Kountze Bros.
do
do
Utica.
A S.
A J. N.Y.,
Nat.Bk.of Com’ce.
A J.
& J.
do
do
do
do
M. A N. N. Y., D. L. A W. RR.
J. A J. N. Y., Cont. Nat. Bank.
N. Y., D. L. AW.
J. A D. Boston, E. Blake A Co.
J. & J. Boston,Nat.Bk.of Redm
A. A O.
St Albans, Office.
J. A J.
M. A N. Boston,Nat.Bk of Redm
do
do
J. A D.
do
do
M. A N.
J. & J. St. Albans, Treasurer.
M. A N. Bost., N.Bk. of Redemp.
Boston. Office.
A. & O.
J. & J. Boston, Fitchburg RR.
do
do
J. & J.
A J. Vicksb’g,
do
A J.
do
J. & J.
do
A. A O.
do
J. & J.
J.
J.
Stocks—Last
Dividend.
0)
1, 1890
Jan.
July 1, 1908
1904
1, 1881
1, 1891
Jan.
July
July 1, 1909
July 1, 1894
Sept., 1880
July, 1891
Nov. 1. 1880
1890
1880
1, 187J
July 1, 1891
Oct., 1909
Jan. 1, 1891
Nov. 1. 1886
June
1891
1870 to 1889
Jan. 1, 1887
1902
Oot. 7, 1880
July 1, 1883
do
July 1,
Jan. 1,
Jan. 1,
Jan. 1,
do
1885
Jan.
Miss., Treas’r.
do
do
1890
1890
1890
1, 1890
1880
Utica Chenango & Susquehanna Valley— Line of road, Utioa, N. Y., to
interest on bonds. The smaller leased roads were taken Green, N. Y., 76 miles; branch to Richfield Springs, 22 miles; total, 98
with their several contracts. The Belvidere Delaware was leased to the miles. Road opened October, 1872. Leased to Delaware Laokawanna
Pennsylvania Railroad March 7, 1876, and since January 1,1877, has A Western at 6 per cent on stock. Has no bonded debt. Gross earnings,
1879-80, $544,927; net earnings, $262,185;
dividend payments,
Ibeen operated as the Belvidere Division of United New Jersey Railroad
svstem. The net earnings are paid over to the lessors in full as rental, $240,000.
^he lease has not been profitable in cash receipts to the Pennsylvania
Utica Clinton <6 Binghamton—Utica, N. Y., to Smith’s Valley, N. Y.,
Railroad, as the net loss in 1877 was $1,482,518 and in 1878 $1,136,'775; but the connection with New York was indispensable to the Penn- 31 miles. Opened June 22, 1872,- and leased to New York A Oswego
Midland Railroad. The lease was transferred to the Delaware A Hudson
.sylvania Railroad, and it is only a question whether it might
been secured at much less cost. Operations and earnings for five years Canal Co., which pays the rental of $75,000 per annum. The road is
operated by the Delaware Lackawanna & Western. Gross earnings in
past were as follows:
Passenger
Freight (ton)
Gross
Net
Div 1879-80, $82,553; net earnings, $30,727. O. S. Williams, President,
stock, besides
not have
Mileage.
Earnings. Earnings, p. et.
187,699,616 $9,711,284 $3,275,807 * 10
190,635,678 11,824,133 5,074,017
10
256,134,099 8,960,697 2,694,480
10
255,027,095 8,398,534 2,895,592
10
332,298,977 9,784,843 3,283,981
10
Utah Central— From Ogden, Utah, to Salt Lake City, Utah,
miles.
For the year ending April 30,1879, gross earnings were $392,524; opera¬
ting expenses (43*01 per cent), $168,798; net earnings, $223,725;
interest, $62,290; dividends on stock, $180,000.
Utah dk Northern—In progress from Ogden, Utah, north into Idaho
Territory. Two hundred and seventy-five miles built March, 1880. The
road was sold in foreclosure March 28, 1878.
Transferred to present
eompany May 1, 1878. Stock, $2,520,000. The road is mainly owned
and built by the Union Pacific. For the year 1879 the gross earnings
Years.
were
Miles.
Mileage.
293 162,225,745
293 302,188,535
373 143,132,968'
373 139,245,413
373 146,914,158
$532,676; net, $262,277.
to Pleasant Val
Stock, $750,000. Bonds sold
Utah <& Pleasant Valley.—Line of road Provo, Utah,
ley. Utah, 60 miles. Road opened in 1879.
du-New York in 1880.
(Y. 29, p. 539 ; Y. 30, p. 163.)
Utah
Southern—Dec. 1,1880,
owned from Salt Lake
Stock, $1,500,000; gross
Utah, 105 miles.
City to Juab
earnings in 1878, $247,725
Gross in 1879, $327,558; net, $177,041
71.)
Utah Western.—Salt Lake City, U. T., to Stockton, U. T., 40 miles
Opened January, 1875. Default was made January 1, 1878, and the
road was held by trustees for the bondholders, and was be foreclosed
■Nov. 3,1880, according to a plan of re-organization advertised by E
F. Bishop, Bridgeport, Conn., and R. M. Bassett, trustees for the bond¬
holders. (V. 30, p. 651; V. 31, p. 154, 536.)
Utica <6 Black River.—Main line, Utica, N. Y., to Philadelphia, N. Y.
87 miles; leased lines to Morristown, N. Y., to Ogdensburg, to Sackett’s
Harbor and to Clayton, 93 miles in all; total operated, 180 miles. The
♦company has paid its rentals and moderate dividends for a number
of years. The general account, September 30,1880, was as follows,
earnings, $117,534.
-(V. 31, p. 429; V. 32, p.
net
•oondensed;
Stock
Bonds
$1,772,000
■*
1,112,000
55,225
288,682
•Sundry accounts and balances
•-Surplus fund
Total
Road and equipment
Teased lines, stocks, bonds
$3,227,907
$2,808,048
308,762
17,368
and advances
^Sundry accounts
103,727— $3,227,907
Cash
Income Account:
If et
income, all sources
$77,840
70,218
Interest
Rentals
^Dividend, 4
per
$326,822
70,832— 218,890
cent
$107,931
180,750
Surplus, Sept. 30,1880
$288,682
'The surplus is chiefly represented by advances to leased lines. It was
deemed best to retain the cash part of it to meet emergencies, instead of
increasing dividend. The Ogdensburg extension is doing well, and
promises to be a good investment. Operations and earnings for five
Balance, surplus
-Add surplus,
Sept. 30, 1879
.years past were as
Years.
follows;
Passenger
Miles.
.
170
170
170
ISO
ISO
Freight (ton)
Mileage.
5,792,703
Mileage.
5,336,245
5,266,280
5,221,906
5,150,374
5,065,167
5,205,965
6,062,017
-<V. 28*p. 06; V. 29, p. 536; V.
Gross
Net
Earnings. Earnings.
$481,673
$194,301
453,576
453,145
475,508
590,760
315,771
32,'p.’205.)
220,261
239,292
184,977
Clinton, N. Y.
of Penn¬
Lacka¬
& Western. Gross earnings in 1879-80, $284,641; net earnings,
$167,121. Dividends paid, 60,000. Moses Taylor, President, New York
Valley (N. Y.) Railroad.—Binghamton, N. Y., to State line
sylvania. 12 miles. Opened October, 1871. Leased to Delaware
wanna
City.
(V. 32, p. 92.)
Vt.. 4T
miles; Swanton, Vt.,
mixed up
it
leased and
operated, and the bonds of 1871 were guaranteed by the Vermont
In 1879 the stockholders voted an issue of $500,000 new
Central.
bonds to take up those guaranteed bonds.
No satisfactory reports
In December, 1880, the Court decided in favor of the
have been issued.
priority of this company’s bonds.
Bradley Barlow, President, St.
Albans, Vt. (V. 29, p. 452; V. 31, p. 434, 653.)
Vermont Central (or Central Vermont).—Windsor, Vt., to Rouse’s Point
Vt., 158 miles; branches and leased lines, 273 miles, included in the re¬
Other leased line, New Lon¬
turns of the Vermont Central Company.
don & Northern, 100 miles. This company has been through more com¬
plicated and vexatious litigation than any railroad in New England.
Poor's Railroad Manual of 1879 gives the following account of it:
“This company (Central Vermont) was chartered under its present title,
November 2, 1872.
The Vermont Central Railroad Company was
chartered October 31, 1843, and the road opened to Burlington
December 31, 1849.
August 24, 1849, it leased the Vermont A
Canada Railroad, then under construction, agreeing to pay an annual
rental of 8 per cent on its cost, and creating a mortgage on their own
road as security for such payment. This lease has been the subject of
almost continual litigation since 1854. The Vermont Central Railroad
Company having defaulted on its interest and rental, the trustees under
the lease took possession of the road June 28, 1852, and it has ever
since been operated by them under direction of the court.
On the first
of January, 1871, a lease was taken of the Rutland Railroad and its
leased line, the Addison Railroad, the lessees agreeing to pay $376,000
per year, and in addition $40,500 a year for four years; $67,500 for two
years; $81,000 per year for six years, and $94,500 per year thereafter
This contract was modified February 25,1876, as hereafter stated. In
September, 1861, a lease was also taken of the Sullivan County Rail¬
road of New Hampshire, at an annual rental of $25,000, but subse¬
quently modified so that the rental depends on earnings. About 1867
the managers of the Vermont Central Railroad purchased the Btanstead
Shefford <fe Chambly Railroad, extending from St. Johns, P. Q., 43 miles,
to Waterloo., P. Q., paying therefor $500,000 in bonds. They also took a
lease of the Missisquoi Railroad. The road from Canada Line to St.
Johns is also operated by this company, and is practically a portion of
it, though chartered by the Provincial Parliament under the title of Mon¬
treal A Vermont Junction Railroad Co. • The Vermont A Canada Rail¬
road extends from Essex Junction to Rouse’s Point, with branches from
Essex to Burlington, and from Swanton to Canada line, in all 65 miles.
The 47 miles from Essex Junction to Rouse’s Point are included in the
mileage of the Central Vermont RR.” The road is managed by a board
of trustees appointed by the Chancery Court of Vermont. J. Gregory
Smith is President. In the two years, 1876-78, the gross earnings were
$4,076,702, and net earnings, $1,461,139. The foreclosure suit has been
pending a long time on the second mortgage. (V. 31, p. 484, 653.)
Vermont <6 Massachusetts.—Line of road, Fitchburg to Greenfield,
Mass., 56 miles; branch, 3 miles; Vermont division from Miller’s Falls,
Mass., to Brattleboro, 21 miles; total, 80 miles. The road is leased to the
Fitchburg RR. for 999 years at 6 per cent. The Vermont section is
operated under lease for fifteen years from December 1,1870, by the
New London Northern Railroad; lease rental, $48,000 in 1880 and
$54,000 per year afterwards. But in May, 1880, it was sold to New
Canada.—Essex Junction, Vt., to Rouse’s Point,
miles; branches—Essex, Vt., to Burlington, Vt., 8
to Canada line, 10 miles: total, 65 miles. This road has been
inextricably with the Vermont Central, by which
was
Vermont <&
London Northern.
(V. 30, p. 600,)
road—Vicksburg to Meridian, Miss.
full interest, but has paid so far as
earned. It has a land-grant of about 400,000 acres, of which about
200,000 have been certified, and about 40,000 acres sold. Common
stock, $357,407; preferred stock, $1,042,517.
Apian for reorganiza¬
tion has been proposed, which is given in V. 32, p. 71, under whioh wilL
Vicksburg <6
The company
Meridian.—Idne of
has been unable to earn
STOCKS AJSTD
RAILROAD
lvi
Subscribers will confer a great favor by giving
Miles
of
immediate notice of any error discovered in these Tables'.
Date
of
Size,
or
Par
Amount
Rate per
Cent.
54
54
$....
138275-90781
7
Bonds
$6,000,000
1,101,000
1
2,404
Pacific—Stock, common
Preferred stock, 7 per cent, (not cuumulative) ..
All.
General mortgage, gold (for $50,000,000)
131
1st mort. bonds on Champaign Hav. & West
260
1st mort. bonds on Chicago & Strawn
75
Wabash, 1st mort. (Toledo & Illinois)
167
do
1st mort. (Lake Erie, Wab. & St. L.)
180
do
1st mort. (Great Western of 1859)
33
do
1st mort. (Quiucy Si Toledo)
29
do
1st mort. (Illinois & Southern Iowa)
75
do
2d mortgage (Toledo & Wabash)
167
do
2d mortgage (Wabash & Western)
180
do
2d mortgage (Great West, of 1859)
490
do
Consol. M., (on all but Dec. & E St.L.)..
109
do
1st mort., (Decatur &E. St. Louis)
St. tjouis &
m
m
1880
1880
1880
1853
1853
1863
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
8781
do
Funded debt bds (sec.by dep’sit of coups.)
do
New M., gold, e. f. $25,000 after ’82....
do
Seney mortgage
Hannibal & Naples, 1st mortgage
8L L. K. C. &No., 1st mort. (North Missouri)
real estate & railway 2d mort....
do
do 1st & 2d M.ou St. Char. Bridge,coup.or rg
do 1 st ul., Omaha Div., gld, s.f., coup.or rg
do 1st mort.. gold, Clarmda Branch
Toledo Peoria & West., 1st mortgage
do
1st pref. income,'conv-, infc. guar .
2d pref. income bonds
do
Champaign Havana & West., 1st mort., pref
do
do
1st mortgav.e
Quincv Mo. & Pacific, 1st raort., gold (int. guar.).
rfn Iowa A. Nchm.ftka, 1 st mortgage
Ware River—Stock
Wasatch <£ Jordan
Bonds—Princi¬
(guaranteed).'. .T
. _
_
ffl
....
600
50
354
354
i.46
22
237
132
132
102
118
49
Valley-Gold bonds
1865
1862
1853
1858
1865
1867
1869
1877
1879
1877
1879
1865
1874
1878
1879
•1879
1880
1880
1880
1880
1880
1879
250 &C.
100 &c.
1,000
1,000
1,000
500 &c
1,000
....
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
....
a 1st mortgage for $1,000,000; 2d mortgage, $1,100,000; 3d
mortgage, $1,918,000.
be issued
earnings. Net earatngs.
$105,829
430,428
123,364
329,175
70,314
424,389
129,386
When
21,291,900
8,000,000
1,600,000
4,500,000
900,000
2,500.000
2,495,000
500,000
300,000
1,000,000
1,500,000
2,500,000
2,610,000
2,700,000
2,942,450 4 to
1,000,000
620,000
500,000
6,000,000
2,993,000
1,388,500
2,350,000
264,000
4,500,000
2,900,000
1,000,000
f
> 1 600 OOO
pal,^When Due..
M’nthly
1^
Where
Payable
explanation of column headings, &c., see notes
Road. Bonds Value. Outstanding
on first page of tables.
Virginia <e TrucJcce—Stock
^
rvoL. xxxii,
INTEREST OR DIVIDENDS.
DESCRIPTION.
Fo
BONDS
*
AjWV/jVW
N.
-
G g-
J.
'
5
7
7
7
7
7
7
7
7
7
7
6 & 7
7 g.
7
*
7
7
7
7 g.
7 g.
6 g.
7
4
J.
F.
F.
F.
M.
F.
M.
M.
M.
&
&
&
&
&
&
&
&
&
Y., Co ’s Agency.
& D.
\
Stocks—Last
Dividend.
4*2
3^
3,025,000
'750,000
7
884,000
expenses
do
do
Feb. 10,1881
Juno 1, 1920
J. N. Y., Metropolitan B’k.
July 1, 1910
do
do
Aug. 1, 1890
do
do
Aug. 1, 1890
do
do
Aug., 1888
Nov. 1, 1890
do
do
do
do
Aug. 1, 1882
do
do
May 1. 1893
do
do
May 1, 1878
do
N.
do
May 1, 1893
do
do
Feb., 1907
Q.-F.
F. & A.
do
do
Aug., 1889
Feb. 1, 1907
F. & A.
do
do
do
do
A. & O.
April 1, 19091
do
J. & J.
do
Jan., *81 & ’82
Juno 1, 1900
do
do
J. & D.
J. & J. N.Y.,Nat Bk of Com’rce July 1, 1895
do
do
M. & S.
Sept. 1, 1904
do
do
Oct. 1. 1908
A. & O.
A. & O.
do
do
April 1, 1919
do
d«
F. & A.
Aug. 1, 1919
do
do
Oct. 1, 1917
J.
G
G
G g.
925,000
Operating
Whom.
.
2l’596j500
^
Payable, and by
A.
A.
A.
N.
A.
N.
N.
& D. N.Y., Nat. Bk. Republic
do
do
& D.
& J. N.Y.,Wab. St. L.&P.RR.
J.
J.
J. & J.
M. & N.
for the past
Dec., 1910
Dec., 1910
1, 1909
Oct.
Boston, Bost.& Alb. RR. Jan. 5, 1881
N. Y., Kountze Bros.
year
have been, estimating
December
$7,642,227
Gross
'1876-7
$411,685
BALANCE 8HEET OF GENERAL LEDGER, FEB.
Net
Add for
38,185
1,294,330
Bills receivable
Profit and loss
$357,407
1,042,517
Preferred stock
Funded debt
.
41,44"
83”
Bills payable
scrip
$4,577 73'J
Total
—(V. 30, p. 543 ; V. 32, p. 71.)
Virginia <C Truclcee.—Reno, Nev., to Virginia, Nov., 52 miles; branch
line, Silver Junction to Silver City, 2 miles; total, 54 miles. Road
opened November, 1869.
Gross earnings in 1878 were $1,604,442 ; net,
$725,092; dividends paid, $750,000.
cisco.
261,600
Interest, discounts and pool balances
130,200
Use of
137,007— 3,726,055
3,135,52"’
$4,577,732
Total
JD. O. Mills, President, San Fran¬
foreign
Wabash St. Louis dt Pacific.—A consolidation of the Wabash Railway
■With the St. Louis Kansas City & Northern, November 1,1879. A full
•tatement as to the consolidation was published in the Chronicle of
January 31,1880 (V. 30, p. 118), from which the following is taken: At
Decatur, III., a part of the Wabash Division extends westerly to Hanni
bal, Keokuk, and Quincy, on the Mississippi River. At Bement, Ill., a
branch called the Paducah Extension, now in process of construction,
and nearly completed to Chicago, will open a short and direct line
between that city aud St. Louis. The various lines now merged in one
corporation make up a grand total of 1,915 ha miles, as follows:
Wabash, main line and branches—Toledo, O., to St. Louis
658*30
Leased Lines—
Chicago & Paducah Railway—Strawn to Chicago
259*50
Suincy Missouri & Pacific—Quincy, to to Butler, Ind.... 98*00
el River Railway—Logansport, Ind., Milan, Mo
93*84
O&mp Point to Quincy, operated jointly with C. B. & Q 21*77
3avaston,Ill.,to Hamilton, 11!., op. jointly with T.P.&W.
6*48—1,137*89
8t. Louis Kansas City & Northern Railway, proper—St.
Louis to Kansas City
277*00
Branches—
Prom Ferguson, Mo., to St. Louis, Mo
10 46
Prom Salisbury, Mo., to Glasgow, Mo
15*13
Omaha Extension— Brunswick, Mo., to Council Bl,. Ia.. 225*00
St. Louis Ottumwa A CCedar Rapids Railway, from
Moberly, Mo., to Ottumwa, Ia
darinda Branch
131 00
22 00—
680*59
Leased Lines—
Boone County & Booneville Railway—Centralia, Mo.,
to Columbia, Mo
fit Joseph <fe St. Louis Railway—Lexington, Mo., to St.
Joseph, Mo
:
21*00
76*00—
97*00
cars
*
$1,007,083
300,000
Leaving net income
Dividend
on
preferred stock
707,083
Surplus
In view of the destruction of a part of the St. Charles Bridge in
November, 1879, and various difficulties aud extraordinary Jexpense 8
incident to the first year of operating the eousolidated line. Mr.
Humphreys says: “ These items, I estimate, together exceed $1,250,000,
which in the coming year we can count on as additional to our net in¬
come,
barring
any
extraordinary drawbacks.”
combined earnings of the two old divisions.
,
and Hannibal
Of the earnings of years prior to 1879, the following statement
Earnings.
$8;'872,527
8,485,792
7,644,328
6,648,106
7,554,088
7,733,088
8,322,867
1,915*48
operated
In 1880, a number of additional lines have been leased or purchased,
including the Toledo Peoria & Warsaw7, Warsaw, Ill., to Indiana State
line, 227 miles, and branch to Burlington, Iowa, 20 miles, total, 247
miles; Sycamore <fc Cortland. 5 miles; East St. Louis & Carondelet,
9 miles; Champaign Havana & Western, 132 miles; Detroit Butler
& 8t. Louis,
miles; Missouri Iowa & .Nebraska. 118 miles; and a
lease for use of 61 miles of the Pittsburg Cincinnati & St. Louis. On
October 1 the General Ticket Agent’s Circular gave 2,487 miles, as fol¬
lows: Eastern Division, 1,184; Western Division, 882; Peoria & Iowa
Division, 421. Mr. Ashley reported 2,404 miles operated.
The rentals of the Western Division on leased roads include 7 per cent
on $322,500 bonds of St. Louis & Cedar Rapids Railroad; 7 per cent on
?357,700 bonds of St. Louis Council Bluffs & Omaha; 7 per cent on
174,000 of Brunswick & Chillicothe; 7 on $100,000 Boone Co. & B.;
on $357,000 St. Louis & St. Joseph; and 7 per cent on Kansas City
B ridge and the Union Depot, St. Louis* $715,000.
For 1880 the brief report made by Mr. Solon Humphreys, President of
the company, gave the following:
.The gvoea earnings
December
of the pist Tear have been .estimating
$12,562,865
Expenses:
$6,442,334
6,524,827
5,722,994
5,610,310
5,488,937
5,421,916
5,451,941
is mader
Net.
$2,430,173
1,960,965
1,921,324
1,073,796
2,065,151
2,311,172
2,870,926
Preferred stock of the new company was issued for preferred stock of
the St. Louis Kansas City & Northern, and for one-half of Wabash stock;
common stock of new company was issued for the St. Louis Kansas City
& Northern common and for one-half of Wabash stock. The Trustees of
the general mortgage for $50,000,000 are the Central Trust Co. of N. Y.
and James Cheney of Indiana. It provides for taking up all the old
bonds as they mature, or by exchange at any time the holders offer
them, and reserves $33,000,000 for that purpose; and the bonds so taken
up are not canceled but remain iu the hands of the trustees as the prop¬
erty of the trust. Then $6,000,000 are assigned for equipment and per¬
manent improvements, and the balance of $11,000,000 for the acquisi¬
tion of new roads, &c. All the roads owned and all the right and title to
roads leased and controlled are covered by the mortgage deed.
The
mortgage may be foreclosed after six months’ default of interest, if a
majority in value of all the bondholders so request the trustees. Of the
old Wabasn funded debt bonds, $1,958,355 carry 5 per cent in 1879-80
and 6 per cent thereafter; the balance are 7 per cents. First mortgage
on St. Charles Bridge is for $1,000,000, aud is 7 per cent for 3 years and
8 per cent for 27 years, and may be paid off on six months’ notice. See
V. 30, p. 249.
The Toledo Peoria & War. company made default Dec., 1873, aud wa*
operated by a Receiver until sold in foreclosure on Jan. 20,1880. It
was purchased by a committee of bondholders for $6,000,000, and re¬
organized as Toledo Peoria & Western. This company made a lease for
the term of its charter to the Wabash St. Louis. & Pacific on terms as
follows, viz.: That the Wabash Pacific guarantee 7 per cent on the
$4,500,000 first mortgage bonds of
Total
$3,197,248
bonded debt, rentals, &e
on
Taxes
Capital stock
Land
$4,733,138
Contra.
Interest
Road and equipment...$3,046,563
Extension to Miss. Riv.
88,542
Miss. Riv. landing front
50,100
Extension tonnage dues
60,009
12,500
:
Total net
29, 1880.
Cr.
Dr.
$4,720,638receipts for rent of tracks, &c
the Toledo Peoria & Western.
The $2,900,000 income bonds to be guaranteed
at 4 per cent
and to be convertible at par for Wabash St. Louis & Pacific preferred
stock. The $1,000,000 second preferred income bonds are also convert¬
ible into Wabash preferred stock, share for share. The stock of the
Toledo Peoria <fc Warsaw was scaled 25 per cent common, 30 per cent
second preferred aud 50 per cent first; preferred, each shareholder
receiving this amount in new stock of the Toledo Peoria & Western
stock. The Toledo Peoria & Western stock ($3,000,090) is changed into
Wabash common stock, three shares for one.
(V. 30, p. 118, 170, 249,
264, 358, 409. 434. 494. 520, 568; V. 31, p. 61, 70, 124, 154, 171, 216,.
229, 230, 240, 259, 304, 330, 381, 383, 397, 429, 445, 453, 485, 536,.
551, 673; V. 32, p. 71.)
TPare
River.—Palmer, Mass., to Winchendon, Mass., 49 miles.
leased for 999 years to the Boston & Albany Railroad at a rental
per cent per annum. I. A. Ruinrill, President, Springfield, Mass.
It is
of 7
T.,
Wasatch <6 Jordan Valley —Brigham City, U. T., to Altei City, U.
44 miles.
In 1878 the Bingham Cafion & Camp Floyd was merged
in this. For three years, 1876-7-8, the average net earnings were
131,186 per annum. The stock is $1,100,000. C, M. Scofield* Pres¬
ent, New York City.
February,
RAILROAD STOCKS
1881.J
AND
BONDS
lvii
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
Miles
explanation of column headings, &c., see notes
on
first page of tables.
of
2d mortgage, O. & A.,
do
3d mortgage, O. & A.,
do
4th mortgage, O. <& A.,
do
1st mortgage, O. A. & M. RR
18
12
310
Outstanding
$100
336
.
.
.
.
....
100
....
65*2
consolidated
Consolidated mortgage
West Jersey & Atlantic—1st mortgage
Western (Ala.)—1st mortgage (Mont. & W. P.)
Western RR. bonds, before consolidation
2d mort.. guar, by Cent, of Ga. and Ga. RR. <fc B. Co.
Western & Atlantic (Ga)—Income bonds
Western Maryland— 1st mort., endorsed Balt. City..
1st mortgage, unendorsed
2d
do
endorsed by Baltimore
2d
do
endorsed by Washington County
..
2d preferred mortgage, unendorsed
3d mortgage, endorsed by Baltimore
4tb
do
endorsed by Baltimore
Funded coupons
Western Minnesota—1st mortgage
Land grant bonds
1873
1871
....
Jersey—Stock.
guaranteed by Camden & Amboy..
loan
....
1,200,000
1,650,000
1871
500 &c.
....
27
128
60
38
63
....
....
1861
1866
1869
1879
128
46
116
44
160
138
90
90
90
90
90
90
90
....
60
....
....
100 &c.
50
500 &o.
500 &c.
500 &c.
500 &c.
....
&c.
300,000
&c.
&c.
600,000
875,000
1,000,000
530,250
&c.
1,000
1,000
Same officers as Baltimore & Ohio Railroad.
Washington City Va. Midland & Great Southern.—Lino of road, Alex¬
andria, Va., to Danville, N. C., 238*2 miles. < Branches—Mauassas Junc¬
tion to Strasburg, 63 miles; Warrenton Junction to Warrenton, 8*2 miles;
Strasburg to Harrisonburg (leased to B. & O.), 49 miles; total of all lines,
359 miles. A consolidation (November, 1872) of the Orange Alexandria
& Manassas and Lynch’g & Danville railroads.
The Orange Alex¬
andria & Manassas was a consolidation (June 1,1867) of the Orange &
Alexandria and the Manassas Gap. Between Gordonsville & Charlottes¬
ville, 22 miles, the Chesapeake & Ohio Road is used for a rental of
$30,000. The company was put into the hands of a receiver July 1,
1876, interest being m default, and was sold in foreclosure May 13, 1880,
and after litigation sold again Dec. 20, 1890. The commissioner an¬
nounced that he would pay the principal and interest in full to 1st
January, 1881, of the first and second mortgage bonds of the Orange &
Alexandria Railroad Company and the bonds of the Manassas Gap
Railroad Company; also a dividend of 87’425 on third mortgage bonds
of Orange & Alexandria and of 72-62 on first mortgage bonds of Orange
Alexandria & Manassas Railroad Company. The notice was intended
for such bonds as are not entered in the scheme for reorganization of the
Virginia Midland Railway Company.
The Balto. & Ohio has large claims against the company for coupons,
etc.; but a plan of reorganization is in progress whioh will be agreed to
by all interests. This proposes: The interest on the first and second
Orange <fc Alexandria from July 1, 1879, to July 1,1880, is to be funded
in the new bonds to he issued. Interest on the third Orange & Alexan¬
dria is 6 per cent after the expiration of five years. The interest on the
fourth Orange & Alexandria bonds is to be 3 per cent for the first ten
4 per cent for the next ten years, and 5 per cent for the remain¬
ing twenty years. The mortgage to be made to secure the new bonds,
issued in lieu of the Orange Alexandria & Manassas and Manassas
Gap bonds, is to cover all the interest of the new company in the lease
of the road from Strausburg to Harrisonburg, made by the Baltimore &
Ohio Railroad
years,
Company, thus pledging the rental of that road to the
this class of new bonds. The interest upon
payment of the interest upon
the new bonds issued in lieu of the Lynchburg & Danville bonds is at
the rate of 4 per cent for eight years. The common and preferred stock
of the companies is to be represented by stock of the new company
upon a basis of $100 stock of the new for $500 stock of the old com¬
panies. The new road to be constructed by the Charlottesville <fc Rapi-
Company, from Charlottesville to Orange Court House, is
except the mortgages to
the
new
seoure
Lynchburg & Danville bonds. The
of the Franklin & Pittsylvania Railroad
Company, and all interest in the lease is to be covered by
a mortgage
made to secure the new bonds issued in place of the Lvnohburg & Dan¬
ville bonds. The trustees are authorized to borrow such sums or money
as may be needed for the
purchase of the road and the other purposes of
the trust upon the oredit of the property which they purchase. Vacancies
in the board are to be filled by the trustees. A full statement of the
company's liabilities and earnings was given
in tho Chronicle of
p. 70), which contained tho following state¬
earnings and expenses and the interest charge for which
was primarily liable:
January the 1879 (V. 28,
18,
ment of
1877.
Primary
Net
Interest
Receipts.
Expenses.
Income.
$736,805
$521,503
$215,302
$284,031
162,721
105,992
72,050
1)0,671
100,941
5,051
143,433
117,000
.$1,005,518 $693,991
1878.
$894,405 $615,000
Alex, & Lynchburg Div
$311,024
....
Manassas Div
Lynchburg & Danville Div.
Total
.,
Alex. &
Lynchburg Div
Manassas Division
Lynchburg & Danville Div.
$279,405
$284,031
75,000
113,000
115,421
20,291
143,433
117,000
$S03,000
$415,117
19- 63, 96, 303, 331, 383; V. 30,
306, 430, 673; V. 32, p. 6, 71, 92.)
Westchester
d-
chester, Pa., 26
p.
193, 289, 345, 520; V. 31,
Philadelphia.—' of road—Philadelphia to West¬
In May. 1880, the Philadelphia Wilmington &
miles.
Purohased the stook. Gross earnings, 1877-78, $312,486; net,
VaVp7^.)88' 1878'79' $260,403; net, $124,538. (V. 26, p.116;
500,000
100,000
3^
7
7
6
.
.
When
Payable
A.
A.
M.
J.
&
&
&
&
.
.
6
6
8
8
7
7
7 g.
6
2
7
2
6
6
7
6
Where
M.
J.
M.
M.
J.
J.
M.
A.
J.
A.
F.
M.
J.
A.
M.
.
.
&
&
&
&
&
&
&
&
<fc
&
&
&
&
&
&
O.
O.
S.
D.
pal,^When Due.
Payable, and by
Whom.
N.Y., Del., L. & W. RR.
do
do
do
do
Stocks—Last
Dividend.
Oot.. 1880
April 1, 1900
March 1,
Baltimore, Balt.& O.RR.
1905
1903
.
N. Balt., R. Garrett & Sons
J.
do
do
N.
do
do
S.
do
do
J.
do
do
do
J.
do
N.
do
do
O.
do
do
J.
Philadelphia, Office.
O. Phila., Farm.<fc Mech.Bk
A. Phila., Pa.RR.Co. Office
S.
do
do
J.
do
do
O.
do
do
N.
do
do
Nov. 1, 1866
Jan. 1, 1875
May 1, 1873
Sept. 1, 1880
July 1, 1880
July 1, 1882
May 1^903
April 1, 1896
July 10, 1880
April 1, 1891
Nov. 17, 1879
Mch., 1883
Jan., 1896
Oct..
1890
Nov., 1909
....
8
8
8
10
6
6
6
6
6'
6
6
6
7
rr
4
J. & J. New York & Savannah.
A. & O.
do
do
A. & O.
do
do
Q—J.
J.
J.
J.
J.
J.
J.
J.
&
&
&
&
&
&
&
J.
J.
J.
J.
J.
J.
J.
Atlanta, Co.’s Office.
Balt., N. Mechanics’ B’k
do
do
do
do
Hagerstown, Md.
Balt., N. Mechanics’ B’k
do
do
do
do
do
do
July. 1881
Oct. 1.
Oct. 1,
Oct. '79
Jan. 1,
Jan. 1,
1888
1890
to ’91
1890
1890
Jan., 1895
Jan.,
Jan.,
Jan.,
Jan.,
1895
1895
1900
1902
1890
M. A N. N. Y., Northern Pacific.
M. & N.
do
do
West Jersey.—Main line— Camden to Cape May and
Bridgeton, 111
miles; leased lines, 27 miles; total, 128 miles operated. The company
holds as assets $679,100 of various stocks and bonds.
In 1879 the
rentals of Swedesboro Railroad and Salem Railroad were $30,561 more
than their net earnings; tho net profits over interest and rentals on
entire line were $55,873. In first six months of 1880 gross earnings
$257,350 and net _$67,070. Operations for three years past were
Freight (ton)
Passenger
Net
Gross
Mileage.
Mileage.
Earnings.
Earnings.
1877
14,523,873
3,796,067
$595,025
$203,595
1878
3,624,708
15,386,915
541,678
202,985
1879
16,674,109
5,217,286
586,178
253,812
-(V. 30, p. 431.)
were
West
miles.
on
Jersey d• Atlantic—Newfleld, N. J., to Atlantic City, N. J., 34
Opened June 17, 1880, and operated by West Jersey Railroad
a joint traffic agreement.
Stock is $500,000.
Western Alabama.—Line of road—Selma to Opelika, Ala., 116 miles
branches, Opelika to West Point, 22 miles, and Opelika to Columbus, 29
miles; total, 167 miles. Was a consolidation in 1870 of Montgomery &
West Point and Western of Alabama. Sold
May 10, 1875, in foreclosure
and purchased jointly by the Georgia Railroad and Central Railroad of
Georgia.
The old stock and income bonds were wiped out in the fore¬
closure, and the property is represented by the bonded debt and $361,005
due each of tho above companies. There are also $45,000 second mort¬
gage 8s of Montgomery & West Point RR. due May 1, 1888. The gross
and net earnings have been as follows:
Gross
*
Earnings.
$491,458
467,597
544,107
579,492
Net
Bonded
Earnings.
Interest.
$121,088
$204,240
100,524
176,652
204,240
204,240
165,000
183,994
-(V. 30, p. 542.)
Western & Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138 miles.
Built by State of Georgia and opened in 1850, and by an act of Ootober
24, 1870, was leased to a company for twenty years at a monthly rental
of $25,000.
In 1877 gross earnings were reported at $1,091,895, and
net, $460,905. Nono later given. (V. 29, p. 489; V. 32, 184.)
Western Maryland.—Line of road—Baltimore to Williamsport, Md., 90
miles. Tho capital stock is $682,250. The company was largely assisted
by the city of Baltimore, and was unable to pay all its interest. A com¬
promise was made with the preferred second mortgage bondholders for
funding coupons. See Chronicle, Vol. 29, p. 458, where the annual re¬
port for 1879 was published, whicli contained the following information :
“
During tho year an amicable adjustment has been made with the pre¬
ferred 2d mortgage bondholders, by the adoption of a mutually satisfac¬
tory funding scheme. Under this arrangement, the overdue coupons upon
$390,000 or the $421,500 of these bonds held by individuals nave been
funded, and it is expected the balance, principally held in Carroll
county, will bo funded by Jan. l,tho time at which the company has
agreed to resume the payment of interest upon all such bonds represent,
ed in tho funding certificates. Tho flnanoe commissioners of Baltimore
city havo funded $113,475 first mortgage and $112,455 preferred
second mortgage coupons. The old funding certificates for $177,596 of
first and preferred second mortgage coupons issued in 1870, and bearing
8 per cent interest, fall due July 1,1880. A number of the principal hold¬
ers of these have been consulted, and all seem w illing to renewr at maturity
at 6 per cent.
(Carried out thus in 1880.) The arrearage of interest
due the city on the $72,000 first mortgage coupons, purchased in 1874.
will bo provided for by installments as early as practicable. Once able
to pay the mterst upon its first and preferred second mortgage bonds and
funding certificates, with the arrears above mentioned disposed of, all the
other bonds being endorsed by Baltimore city and Washington county,
the company will be relieved of the expensive litigations and the uncer¬
tainties w-hieh have b irussod it from its inception to the present time,
and the day for such a condition can no longer be remote.”
The Baltimore & Hanover RR. wuis completed to its connection with
this road in 1881’. The operations for live years have been ns follows,
but in 1878-79 tbe construction account
$1,218,117
Total
P.
Charge.
190,421
133,291
....
1875-096
&c.
&c.
&c.
&c.
....
Washington City d- Point Lookout.—HyattsviUe, Md., to Shepherd,
Md., 13 miles. This road was opened in 1873. It is leased to the Balti¬
more & Ohio for $36,000 gold per annum.
The stock paid in is
to be covered by all the mortgages
new bonds issued in lieu of the
821,300
1,100,000
1,359,750
400,000
1,000,000
1,100,000
123,500
300,000
600,000
1,158,000
690,000
200,000
400,000
300,000
....
500
100
500
500
500
500
500
500
1,000,000
1,310,000
500,000
....
1866
1868
1870
1873
1858
1858
1867
1867
1868
1870
1872
1880
1877
1877
$4P0,040; net earnings, $313,198; interest paid, $92,698; dividends,
$126,000.
•ach section
1875-96
1,657,652
817,800
....
Warren, N. J-.—Line of road, New Hampton Junction to Delaware
Bridge, N. J., 18 miles. The road is leased to Delaware Lackawanna
& Western at 7 per cent on stock and bonds. Gross earnings, 1879,
company is to assume the lease
750,000
600,000
540,000
2,692,539
525,070
133,050
Mid. & Gt. South’n
Loan of 1883,
1st mortgage
1st
do
dan Railroad
Rate per
Cent.
$1,800,000
....
*
1855
1858
1860
1867
Lynchburg & Danville, 1st mort., guar., coup
Westchester <6 Philadelphia—Preferred stock
1st mortgage, new..
$1,000,000.
Amount
Value.
....
do
do
do
2d mortgage. O. A. & M. RR.
Gen. mort., gold, Wash. C., Va.
or
Par
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
1855
1870
1875
1873
1871
18
1st consol, mortgage
Washington City d- Pt. Lookout—1st M. bonds, gold
Washington City Va. Mid. & Gt. Southern—Stock...
1st mortgage, O.& A., and funded interest
West
of
Road. Bonds.
18
Warren (N.J.)—Stock
2d mortgage
,
Date
was
closed
and
all expenses
charged to operating expenses, on which basis net CHmiugs havo sine©
been relatively decreased.
Passenger
Freight
Gross
Net
Mileage.
Mileage.
Earnings.
Earnings.
6,737,061
4,631,932
$311,902
$96.34G
112,145
6,582,241
4,692,089
332,086
7,411,061
5,180,982
347,202
129,927
8,502,388
347,442
5,469,519
73,095
10,705,925
6,645,328
397,564
88,278
-(V. 28, p. 97, 121, 147, 454; V. 29, p. 45 8, 671.)
,
Western Minnesota.—Sank Rapids, Minn., to BrainertL Minn., 61
miles.
Road opened Nov. 1, 1877.
Leased to the Northern Paoifla
Railroad May 1,1878, for 99 years. Stock, $100,000. The land grant
la 537,842 acres. Geo. L. Becker, Prest., St. Paul, Minn. (V. 31, p. 4304
Subscribers will
confer a great
favor by giving
DESCRIPTION.
For
explanation of column
on
Miles
of
Road.
headings, &c., see notes
first page of
tables.
1875-690.
Branch
General mortgage
White Water—Stock ($325,000 of it pref.)
Wheeling rf Lake Erie.—1st mortgage, gold
1st mortgage,
Wilmington
Pittsburg
Bonds
Value.
Par
m
1879
1880
179
179
100
,
,
....
....
do
m
bonds, gold
Wisconsin Central—1st mortgage,
Worcester
Nashua—Stock
Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
Nashua <s Rochester—Stock
do
gold, land grant.
1st m., guar,
do
3*27
1871
46
^
^
1873
1875
....
48
48
(for $700,000)
^
1874
m
m
m
i'oo
100 Ac.
500 Ac,
lOOOAc.
187-90
as
line. In March, New
State a proposition by1880,
ou
$1,400,000. J. W. Wilson,
President, Morgantown, N. C. (V. 30, p. 249 V. 32, p. 100.)
Western Pennsylvania.—The road runs from Blairsville to Alleghany
City, Pa., 63^ miles; branch to Butler, Pa., 21 miles; total, 84milesCompleted in 1865 and branch in 1870. Leased to Pennsylvania Rail¬
road, the lessees paying net earnings to lessors. The Pennsylvania Rail¬
road, lessee, owns $993,050 stock out of the total amount of $1,022,450,
$288,000 of branch bonds, and all of $1,200,000 general mortgage
bonds. Iul878 gross earnings were $547,175 and net earnings $231,17o.
White Water.—Harrison, O., to Hagerstown, Ind., 62 miles. This was
formerly the White Water Valley, sold in foreclosure May 2, 1878, and
reorganized under this title. Net earnings in 1878, $17,645. Elyah
Smith, President, Boston, Mass.
Wheeling <& Lake Erie— Road under construction—Wheeling. W. Va.,
to Toledo, O., 200 miles, and branch, Norwalk to Sandusky, O., 21
miles. Bonds offered in New York, July, 1880 by N. Y. New England &
Western Investment Co.
Wilmington Columbia d Augusta.— The road extends from Wilmington
N. C., to Columbia, S. C., 189 miles. The company leased Wilmington &
Weldon, but failed on the rent December, 1877. Paid 3 per cent divi¬
posed to complete the road to the Tennessee
a meeting of the Legislature was called to act
York capitalists to purchase the road. Stock,
dend November,
1880.
Gross
749,000
N.
Y., Co.’s Agency.
J.
J.
J.
M.
J.
J.
J.
gg.
g.
g.
1^2
5
m
m
Eaming8.
mrm
& D. Balt., Safe Deposit Co.
& D.
London.
& J.
do
& N.
& J. N.Y.,Bo8t.,Loud.,Frank
Boston, 28 State St.
& J.
Worcester, Office.
& J.
do
do
Various
A. & O. Bost., Globe Nat. Bank.
do
do
F. & A.
Worcester, Office.
A. & O.
A. & 0. Bost., Globe Nat. Bank.
587.)
Wilmington to Weldon,
total, 180 miles. Was leased
<fe Augusta Railroad for 99
ends. The lessees made
the
all liabilities and
Sears, the lessees assumingdefault December, 1877, and per lease was
surrendered April 13,1878. The earnings and expenses for live years
Gross
=.
cent diviNet
Earnings.
-.
V
.
Earnings.
$604,699
548,462
1875-6
1876-7
1900
1880
June, 1910
(?)
.
1881
1886
1896
July 1, 1901
Jan. 1, 1881
May 1, 1887
April 1, 1893
Feb. 1, 1895
Oct. 1,
1880
April 1, 1894
1
Net
Gross
Earnings.
Earnings.
,
$488,448
505,978
603,175
.
$176,277
175,693
221,698
249 miles;
Northern,
begun in
September, 1878, and in January, 1879, the road went into the hands of
trustees for bondholders, having been operated previously by the
Phillips & Colby Construction Co. There is a valuable land-grant of over
800,000 acres.
The full plan of reorganization, without foreclosure,
which is in progress, was given in the Chronicle, V. 29, p. 303. This
embraces the issue of a new consolidated mortgage to cover $400,000 5
per cent preferred bonds; $3,800,000 first series bonds, bearing 2 per
cent for three years from July 1,1880, and 5 per cent afterward; and
$5,700,000 second series bonds, to draw interest if earned (but not
cumulative), 2 per cent for three years, and 7 per cent thereafter. The
stock of $11,435,500 remains ($2,000,000 of it preferred), and $9,500,000
deposited in trust to be voted on until all interest is being earned
and paid on new bonds. Of the old first mortgage bonds prior to re¬
organization, $1,091,500 were “unfunded,” bearing coupons of July,
1875, and since; $3,594,000 had funded nine coupons, including July,
1879; $3,481,500 were “clipped” bonds, first coupon due January,
1881; $15,000 were partially “clipped” bonds, issued by mistake,
with coupon of July, 1880, on.
Annual report, V. 30", p. 599. For four
-
follows;
*1,"
Nov.
Nov. 1,
(V. 28, p. 44, 144 ; V. 30, p. 191; V. 31, p. 587.)
Wisconsin Central—Main line, Menosha to Ashland, Wis.,
branch to Portage City, 71 miles; leases the Milwaukee &
129 miles. Road finished in 1876. A foreclosure suit was
-
Earnings.
paying 7
Stocks Last
Dividend.
May 1, 1890
Philadelphia, Penn. RR. April 1, 1893
Jan. 1, 1896
do
do
Oct. 1, 1901
do
do
m
7
3
6
7
7
7
5
5
5
700,000
Whom.
M. A N.
1*2
275,000
250,000
400,000
Net
Wilmington & Weldon.—Road extends from
N. C., 163 miles; branch to Tarboro, 17 miles;
November, 1872, to Wilmington Columbia
•
8,168,000
1,789,800
$532,311
$116,634
87,630
518,225
509,699
98,659
478,309 deficit, 8,010
145,423
547,446
Road was sold in foreclosure, October, 1879, for $860,500, and re¬
organization is in progress.
The scheme of reorganization (which was
carried out) provided that a new corporation should be created, with a
capital stock of $960,000 and $1,600,000 in thirty-year first mortgage
bonds. The holder of $2,000 of the old bonds, together witli the certifi¬
cates for funded interest, received a $1,000 bond of the new company,
and in addition six shares of stock. The plan adopted provided only for
the first mortgage bondholders, and cut off income bonds, $600,000;
certificates of debt, $336,000; floating debt. $879,022, and the capital
stock of the old company, $300,000. (V. 29, p. 351; V. 30, p. 84, 190;
have been as
A. & O.
J. & J.
A. & O.
Payable, and by
-
projected—Salisbury, N. C., to
miles; in operation—Salisbury, N. C.,
branch line—Newton Junction, N. C., to
Newton, N. C., 3 miles; total projected, 184 miles, and operated, 130
miles. The road was financially embarrassed, and was purchased April
17,1875, by commissioners for the State of North Carolina. It is pro¬
Western North Carolina—Road
Paint Rock, Tenn. State line, 184
to Swannanoa, N. C., 127 miles;
V. 31, p.
118877595-6-6.90.
1,600.000
1,456,200
648,700
221,400
Where
Payable
m
1,305,800
500 Ac.
When
6 g.
3
960,000
.
Columbia <6 Augusta—Stock
800,000
1,000,000
1,200.000
1,300.000
1,000 15,000 p. m.
....
^
a
7
6
6
7
$850,000
$....
1863
1865
pal,When Due.
Amount
Rate per
Outstanding
Cent.
500 Ac.
100 Ac.
62
Wilmington <6 Weldon—Stock
Sterling bonds
do
Size, or
^
New mortgage.
Sinking fund
Bonds—Princi¬
immediate notice of any error discovered in tbese Tables.
INTEREST OR DIVIDENDS.
Date
of
130
57
28
Carolina—1st mortgage
Western Pennsylvania^- 1st mortgage
Western Worth
[[VOL. XXXII.
AND BONDS.
.RAILROAD STOCKS
Iviii
$238,977
156,908
are
years
past the earnings,
Years.
Ac., were as follows:
Freight (ton)
Passenger
Miles.
Mileage.
21,647,694
22,984,236
23,225,583
Mileage.
Gross
Net
Earnings, Earnings,.
$126,887
$709,935
718,743
108.964
733,819" 122,863
851,090
193,090
5,960,952
5,889,367
5,661,975
6,385,319
30,920,076
-(V. 28, p. 18, 70; V. 29, p. 147, 303; V. 30, p. 249, 598; V. 31, p.
196, 205, 431, 536; V. 32, p. 124, 207.)
Worcester & Nashua—Sept. SO, 1880, owned from Worcester to Nashua*
46 miles; leased, Nashua A Rochester, 48 miles; total operated,
355
449
449
455
for some years,
(Nashua & Rochester, 48
miles) first appear in the accounts, and the Worcester A Nashua paid
only 5^2 per cent dividends in that year and nothing since. The rental
charge being plainly too heavy, an agreement was made in 1879 to
reduce the interest on bonds to 5 per cent, and the dividends on Nashua
& Rochester stock to 3 per cent per annum. The interest on Worcester
& Nashua bonds was also reduced to 5 per cent, and surplus earnings in
any year above requirements for interest and 3 per cent on each stock
are to be apportioned between the stock of each company according to
the relative number of shares. In addition to above there were $75,000
bonds due Jan. 1, 1881, $38,000 of which to be retired, the balance
remaining on interest at 5 per cent. Five years’ operations were as fol¬
94 miles. Paid regular
before 1874-5. in 1875-6
dividends of 10 per cent
the leased line charges
lows :
..
Passenger
Miles,
70
94
94
94
94
—(V. 27, p.
Mileage.
-
Freight
Mileage.
Gross
Earnings.
$507,325
497,239
473,240
473,081
5,874,808
8,969,241
6,383,990
10,063,658
9,961,740
5,703,761
6,168,871
12,123,444
6,784,960
14,995,020
553,592
537 ; V. 28, p. 378; V. 29, p. 86, 539.)
Net
Earnings.
$162,597
157,269
168,351
165,495
167,033
STOCKS AND
CANAL
1681.]
February,
fix
BONDS
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables*
DESCRIPTION.
pv»r ftxolanation of column
v or expi
on flrat pag0
Date Size, or
of
of
Par
Canal. Bonds. Value.
headings, <fec., see notes
Qf tU)le8.
Chesapeake—Stock
Albermarle <£•
14
14
mortgage,
60
60
148
T48
148
and reg
....
Div. ($10,000,000)
Lehigh Coal dk Navigation—Stock
Loan, con v., coup., gold (assumed L. &
1st mortgage, registered
1st mortgage, registered, railroad
Mort. loan, g. ($2,810,000 assumed by
....
....
....
....
other co’s.)
....
.
Extended, 1877..
103
103
103
103
....
337
337
108
Pennsylvania—Stock
General mortg., interest guar’d by Penn. RR
Schuylkill Navigation—Stock, common
Preferred stock:
50
1858
1,000
100
....
1869
1871
1874
1,000
1,000
1,000
1000&C.
1877
50
500 &c.
Var.
Var.
500 &o.
Var.
Var.
....
1869
1864
1867
1867
....
1872
1871
1872
....
Preferred stock scrip dividend
1,000
1,000
....
1876
1865
1869
1,000
.
.
.
1,000
.
.
.
....
Boat and car loan
Boat and car loan
....
....
.
....
1870
1863
1864
1,000
1,000
1,000
45
Susquehanna—Stock
Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 4tli mort—
do
pref., 3d. T. W. priority b’ds..
mdsof 1872.
bo: "
....
....
....
50
1839
1859
1841-4
1872
85
Unionr-let mortgage
1,00*0
500
1,000
INCOME ACCOUNT.
•
1877.
1878.
1879.
$
$
$
....
6
“<5*
J. & J. N. Y., Union Trust Co.
J. & D.
Philadelphia, Ottice.
J. & J.
do
do
J. & J.
14^3.
6
4
7
77
7
*6*
70c.
’*6*
6
6
7
~$
Sales of coal
Ganal tolls
Miscellaneous
Goal
on
6,495,428
43,445
profits
hand (Dec. 31)....
Railroad earnings in Penn.
Interest on investments...
381,048
698,758
306,911
338,932
5,229,266 5,764,477
39,100
41,025
80,146
672,785
398,219
91,408
535,264
595,663
59,591
6,743,040 6,818,887
$
$
630.643
341,036
248,275
294,312
341,781
1,147,322
Balance...;
8,264,522
$
737,628
Total
Disbursements—
Goal on hand Jan. 1
Mining coal
Goal transportation, &c...
Ganal freight and expenses
Railroad
&c
Interest
4,638,872
44,313
28,900
freight,
.
698,758
341,036
326,635
7,985,118
Q-M.
Philadelphia, Office.
2,754,778 2,077,370 2,264,228 3,003,893
618,252
641,951
542,156
488,073
933,768
1,032,431
759,349
820.438
428,840
422,746
528,532
830,427
1,187,886 1,157,352 1,340,956 1,234,449
.
Balance
Total
717,3 - 9
534,025
555,404
605,367
406,883
498,562
350,916
316,059
308,020
8,264,522
Taxes and miscellaneous
Loss on leased railroads...
6,743,040
6,818.887
7,985,118
GENERAL BALANCE AT CLOSE OF EACH FISCAL YKAB.
Rl^
Ganal, &c
6,339,210 6,339,210 6,339,210
Railroad and equipment.. 6,195,511 6,209,981 6,190,766
Real estate
8,532,873 8,622,913 8,643,783
Mines and fixtures
2,666,849 2,679,961 2,679,077
Coal-yard, barges, &o
897,287
877,784
917,573
Lack. & Susquehanna RR. 1,021,153 1,021,153 1,022,293
New York & Canada RR.
3,597,087 3,597,074
Cherry Val. & Sharon RR.
320,118
314,871
305,991
Coal on hand Dec. 31.. A..
698,758
341,036
672,785
Advances to leased lines..
427,500
385,374
439,020
J
Advances on coal royalties
521,179
Miscellaneous assets
8,088,714
Telegraph, and Car Co....
54,675
on hand
1,319,604
Supplies
Cash and bills receivable..
Profit and less
Total assets
Liabilities—
Bonds
581,289
4,438,512
69,410
1,089,853
617,246
^
6,339,210
6,220,669
8,795,657
2,699,590
720,487
1,022,293
3,597,074
300,000
535,264
368,773
605,326
4,295,445 *4,480,701
69,410
69,410
958,667
1,926,694
2,314,268
199,660
2,687,821
587.185
878,000
3,140,116
1,208.726
39,285,099 38,714,292 39,610,006 40,981,301
$
$
$
$
15,116,000 17,010,500 18,333,000 19,837,000
274,545
Miscellaneous accounts... 2,846,230 1,703,792 1,277,006 1,144,301
Profit and loss
1,048,323
Total liabilities
39,285.099 38,714,292 39,610,006 40,981,301
*
These miscellaneous assets inolude: Bost. Hartf. & Erie bonds, $818,530; Jefferson RR. bonds (108), $86,660; Alb. & Susq. consols (610),
$605,338; Del. & Hud. Canal Co., 1891 bonds (746), $746,000; 9,000
shares Alb. & Susq. stock, $900,000; 8,241 shares Rens.& Bar. $822,137.
-(V. 30, p. 168, 320, 518, 589; Y. 31, p. 44, 122, 259, 357; V. 32, p. 98,
155.)
«
Sinking fund
S.
do
do
do
do
do
do
do
do
do
Q-J.
Q-F.
J.
J.
J.
J.
F.
M.
F.
F.
A.
A.
F.
& D.
& D.
&
&
&
&
&
&
&
&
&
J. & *J.
F. & A.
1894
1884
1897
1897
do
do
do
do
do
do
do
do
Dec., 1881-’82
-
1883-’84
-
do
do
do
do
do
do
do
*
Feb. 4, 1881
Feb. 4, 1881
April 1, 1906
Oct., 1885
Feb., 1889
July, 1910
Aug. 6, 1879
Aug. 6, 1879
March, 1897
Philadelphia, Ottice.
J. & J.
J. & J.
M. & N.
M. & N.
M. & N.
& J.
& J.
& J.
& J.
& N
1882
June 1, 1911
1892
Phila., 233 So. 4th St.
August.
Q. -M.
J.
J.
J.
J.
M.
Sept. 2, 1876
do
D.
D.
A.
S.
A. Leh. Val. RR. Co., Phila
do
do
A.
O.
do
do
O.
do
do
A.
do
do
do
do
do
do
do
do
do
1882 to 1907
1895
May, 1880
May, 1913
May, 1915 '
Phila. and Baltimore.
do
do
do
do
do
do
Jan., 1885
Jan. 1, 1918
Jan., 1894
Jan., 1902
May 1,1883
Philadelphia, Office.
Coal dk Navigation.—The Central Railroad of New Jersey
(in purchase of equipment) $2,310,000 of the gold loan due
1897, and leases the Lehigh & Susquehanna Railroad. The Lehigh <fc
Wilkesbarro Coal Company assumes $500,000 of the gold loan duo 1897,
and $771,000 (all) of the convertible gold loan due 1894. There is also
a 1st Greenwood mortgage of $140.000/due Oct. 1,1882.
The Board
of Managers’ report for the years 1879 and 1880 has the following state¬
Lehigh
assumes
ment of
receipts and disbursements;
1879.
receipts.
Lehigh Canal
Water Powers
Lehigh Canal
47,589
Delaware Division Canal
profit on Lehigh Coal
Royalty on coal mined by lessees
Net
^
Revenuo from rents
Profit realized from sales of real estate
Miscellaneous
1880.
$828,817 $1,157,900
51,930
108,666
19,830
39,755
Railroads and Nesquehoning Tunnel
90,176
190,622
1,961
185,626
33,943
6,076
33,728
5,760
3,393
Total
7,737
$1,183,848
receipts
$1,609,676
$51,333
138,000
$51,792
97,050
DISBURSEMENTS.
General and legal expenses
Rent and taxes Nesquehoning Valley Railroad..
Rent and taxes Delaware Division Canal
Taxes chargeable to canals
Taxes chargeable to ooal and coal lands
Taxes on capital stock
Taxes on landed property and improvements...
Interest account
$
673,651
1870
1890
1885
London.
M. &
$1 40
6
6
6
6
6
7
July, 18S6
J. & J. Balt., A. Brown & Sons.
F. & A.
Phila., 303 Walnut st. Mar. 20, 1880
J. & J.
do
do
July 1, 1898
F. & A. N. Y., Bk. of Commerce.
Aug. 1, 1876
J. & J.
do
do
1884
J. & J.
do
do
1891
A. & O.
New York, Office.
1894
M. & S.
do
do
Sept. 1. 1917
1*2
6 g.
6
6
6 g6
6
7
7
6
2
5
7
7
7
July 1, 1909
Balt., A. Brown & Sons.
'
Receipts-
pal,When Due.
Where Payable, and by Stocks—Last
Whom.
Dividend.
Payable
When
Q—J.
5
6
3,000,000*
....
....
Albermarle dk Chesapeake— Securities placed on New York Stock
Exchange list February, 1880. Prest., Marshall Parks, Norfolk, Va.
—(See Y. 30, p. 248.)
Chesapeake dk Delaware.—Delaware City to Chesapeake City, Md.
-(V. 30, p. 674.)
Chesapeake dk Ohio.—In a suit against the company the Court (January,
1881) declined to appoint a Receiver, but ordered the company to report
at stated times its receipts and payments. (Y. 28, p. 599; V. 32, p. 43.)
Delaware Division.—Leased to Lehigh Coal & Navigation Co. at interest
-on bonds and 4 per cent a year on stock, payable till February, 1880, in¬
clusive, in scrip, then till August, 1881, half in scrip. (V. 28, p. 41,198.)
Delaware dk Hudson.—This company, which is among the largest miners
and carriers of coal, leases the Alb. & Susq. and Rensselaer & Saratoga
railroads. Also endorses bonds of N. Y. & Canada RR. The brief income
Account for 1880 (V. 32, p. 155) showed net surplus receipts of $1,351,422, against a deficit of $630,643 in 1879. The annual report for 1879
was given in V. 30, p. 320.
Comparative statistics for four years:
1876.
3,000,000
876,536
3,192,250
1,709,380
3,990,392
1,200,000
228,000
756,650
628,100
2,002,746
1,000,000
1,323,000
325,310
250,000
50
50
....
(payable by P. & R.)
4,501,200
1,000
....
*7*
1,175,000
780,000
220,000
103,164
various.
various.
50
....
Cent.
245,000
1,025,000
1,000
1870
Rate per
675,000
100
100
....
....
Mortgage bonds, coup,
2,078,038
1,993,750
8,229,594
2,000,000
4,375,000
1,699,500
1,633,350
800,000
20,000,000
3,500,000
6,481,000
4,856,000
5,000,000
11,204,250
771,000
5,381,840
2,000,000
4,653,000
212,381
41,550
2,464.000
various.
....
....
extended
do
.
....
.
Improvement bonds
.
_
....
Horns—Stock, consolidated
Preferred stock
New mortgage (for $1,000,000)
1st mortgage,
2d mortgage
....
....
....
-
Boat loan
....
339
W. Coal Co)
Loan, debenture mortgage
Loan, debenture
Consolidated mortgage loan
Greenwood 2d mortgage, reg.
Varlo’s
25
500 &c.
500 &c.
500 &c,
....
184
184
do
©crip
1S56
184
registered
Debenture loan of 1894, coup
1st M., coup. & reg., on Penn.
$1,500,000
500,000
50
....
184
i.
Delaware Division—Stock, (Conv.into L.C.&N.stck.)
1st mortgage (extended 20 years in 1878)
Delaware dk Hudson—Stock
do
Outstanding
1*000
1879
Chesapeake <£ Ohio—Stock
Maryland loan, sinking fund
-Guaranteed sterling loan
Bonds having next preference
1st
Amount
....
bonds
Chesapeake dk Delaware—Stock
1st mortgage (originally $2,800,000)
Mortgage
Bonds—Princi -
INTEREST OR DIVIDENDS.
Miles
118,867
1,730 c
49,179
14,131
12,411
923,958
125,438
2,568
42,983
22,725
12,876
932,5531
$1,309,612 $1,287,664
$125,763
$322,011
Defloit 1879, surplus 1880
The President remarked: “ The total revenue for 1880 from all souroes
$1,609,676, showing a gain of $425,827 over 1879. The decreased
expenses, $21,947, added to this, make
total gain of $447,775 over
the previous year. The production of coal during the year was 554,937
tons of prepared sizes, against 700,761 tons in 1879,—adeorease of 145,824 tons. The profit was $185,626, compared with $190,622 in the pre¬
vious year. Wo expended for coal improvement account $79,916 during
the year, and charged off $53,867 for depreciation of same. We have also
was
charged off $55,317, being ten cents per ton on coal mined from the
property. Our mines have never beon in as promising a oondition as at
the present moment. * * * The sooond instalment of our extended
debenture loan matured on the 10th of December, and was promptly
paid. The amount outstanding is now $212,381, maturing one-half eaoh
in 1831 and 1^82. The floating debt, less cash assets, was about $800,000 at the close of the year. This includes the cost of Delaware Division
bonds purchased during the past year by agreement with that oompany,
and of which wo now hold $306,000, bearing 6 per cent interest. The
company also owns $740,000 of its seven per cent consolidated bonds
and 18.900 shares of its own stock.” (V. 28, p. 198, 224, 578; V. 30, p.
190; V. 31, p. 122, 454; V. 32, p. 204.)
Morris— Leased
April,
1871, to Lehigh Valley Railroad for 999
and scrip, and pay 10 per cent
4 per cent on consolidated stock.
years.
The lessees assume bonds
per annum on preferred stock and
—(V. 12, p. 714.)
Pennsylvania—Worked in interest of Pennsylvania
Railroad, which
guarantees interest on bonds. An old mortgage of $90,000 is due in
1887. Earnings, $282,767; net, $107,924.; interest, taxes, &o., $187,•
003; deficiency, $79,079.
Schuylkill Navigation.—Leased from Juno 1,1870, to Philadelphia <&
Reading for 999 years.
Rental received in 1879, $636,736. The
August, 1879, was payable in Philadelphia & Reading Rail¬
In 1880 the lessees defaulted on the rental and an attempt
was made to scale down the Interest on some bonds, and certain propo¬
sitions made by the Receivers of the Philadelphia & Reading Railroad.
See V. 32, p. 184. (V. 22, p.493; Y. 26, p. 418; V. 30, p. 431; Y. 31*
p. 330, 551; V. 32, p. 17, 184.)
Susquehanna.—Leased and operated by Philadelphia <St Reading Rail¬
road for interest on bonds and half of net earnings
Union.—Stook, $2,907,850
dividend of
road
scrip.
Subscribers will confer a great
favor by giving:
explanation of column Leadings,
first page of tables.
Date
of
par
Value.
25
100
10
10
50
1874
1,000
2,148,000
1873
1874
£200
Land—Stock
Powei—Stock
Mortgage bonds (for $2,800,000)
Boston Water
16*4
Canton Improvement—Stock
(sinking fund one-lifth of land sales)
Mortgage bonds, gold, sixes (for $2,500,000)
Union RR., 1st mort., end. (sink. fnnd,renteou $220,163)
do
2d M., g.t end., (s. f. ground rents on $144,800)
lock
Caribou Consolidated Mining—St
Central Arizona Mining—Stock
Central New Jersey Land—Stock
Climax Mining—Stock
Sterling bonds
500 &c.
10
100
100
10
100
1864
1872
1868
fund
1875
1,000
1,000
1,000
$282,671
18,065
interest
hand, value
rents and
$300,736
transportation
$180,812
62,172
Mining, superintendence, labor, &c
Shipping expenses, Alexandria, Baltimore and Jer¬
Canal and railroad
City
interest to March 1, 1880
contingent expenses
Salaries, office and
$3,678
$204,324
3,678— 208,002
159
claim
$207,843
Total assets December 31, 1879—Lands and real estate at mines,
*1,542,365; real estate at Jersey City, $100,710; mine improvements,
$16,254; cash, $28,431; wharf improvement at Jersey City, $5,000;
personal property at mines, $33,731; personal property at wharves,
$3,335; bills receivable, $19,892; accounts, $62,246; canal boats,
*20,000; value of coal on hand, $18,065; office furniture, $513; Chesa¬
peake & Ohio Canal bonds, $9,000; C. & P. Railroad stock, $1,000; G. C.
& C. Railroad stock, $56,000; total, $1,916,545. Directors: James A.
Alexander, John P. Moore, Sidney Wintringham, Gardiner Lloyd, Ben¬
iamin Williamson, Richard S. Grant, William J. Boothe, A. J. Akin,
David Stewart. Gardiner P. Lloyd, President; George Sherman, Secre¬
Present surplus
-
(V. 30, p. 221.)
tary and Treasurer.
noil-assessable. President, W. W.
McFarland; Vice-President, Hon. P. B. Plumb; Secretary, A. Ebert.
The financial statement, as made to Stock Exchange, will be found in V.
Amie
Consolidated Mining.—Stock is
30, p. 356.
stock of 80,000 shares of the par value
Assets of the company January 1, 1881 :
cash, $128,895; land in East Boston and Revere, about 700 acres, un¬
incumbered, estimated at $1,829,520. An abstract of the annual report
in V. 32, p. 92, refers to the financial policy. (V. 29, p. 510, 537; V.
SO, p. 90, 117 ; V. 32, p. 92.)
Boston Land.—The capital
•f $10 each, or $800,000.
Power.—The shares have strictly no par value. There
called “ proprietary” shares, or the number into which
the property of the company is divided, the assets consisting of lands
•n and near “Back Bay,” in Boston.
Statement of assets, &c., in V. 30,
p. 464.
(V. 27, p. 121; V. 29, p. 119, 432; V. 30, p. 464 ; V. 31, p. 152,
Boston Water
are
85,833 shares
327; V. 32, p.
182.)
report for the year ending May 31,
of the company was in V. 30,
p. 117. Of the $2,500,000 mortgage, $600,000 is reserved to pay ster¬
ling loan. The company owns the stock of the Union Railroad Company
and guarantees its bonus. (V. 27, p. 14; V. 29, p. 65; V. 30, p. 117;
43.)
Caribou Consol
Mining.—This company has
Central Arizona
3,
Jan.
1881
May 17,1880
12, 1872:
June, 1884
do
10 Ct8.
"eg.
2ht
400,000
10,000,000
10,000,000
7,620,000
2,000,000
2,000,000
New
Q.-F.
F. & A.
7
6
6
J. & ' J.
J. & J.
A. & O.
25 cts.
8
25 cts.
30 cts.
1900
March, 1880
N.Y.,Company’s Ag’ncy
N.Y., Co.’s Oflftce, 71 B’y
do
do
New
do
do
York, Office.
New York, Office.
M. & N. N. Y., at Ill. Cent. R.
R.
M’nthly N.Y., Wells, Fargo & Co.
M’nthly
1^
Q.—F.
7*2 cts. M’nthly
15 cts.
50 cts.
New York, Office. •
Boston, Treas. Office.
New York, Office.
New York, Office.
New York, Office.
New York.
& J.
J.
(?)
Aug., 1880
York, Office.
M’nthly
20,000,000
10,000,000
5,000,000
Jan. 1, 1904
Jan.. 1, 1904
Jan., 1875
7 scrip.
30 cts.
'
J. London, Brown S. & Co,
New York or London.
J.
J.
London.
N.
New York, Office.
1^
7
Jan. 27, 1881
Jan., 1885
Jan. 1, 1897
Oct. 15. 1875
Feb. 25, 1881
Nov., 1893
Sept., 1880
Feb. 25, 1881
Feb. 1, 1881
Jan., 1881
Jan., 1880
March, 1880
Jan. 1,
Jan. 1,
Nov. 1.
1886
1876
1906
ipany to N. Y. Stock Ex¬
3k
said that the whole stock was paid for the mine
was
and developments thereon. The property is located on Fryer Hill, Lead¬
ville, Col. There have been expended on surface improvements $25,000,
and on underground improvements $20,000.
The company has paid
$60,000 in dividends. Dividends paid monthly up to February. 1880;
then quarterly, beghming with May. The officers are: President, Hon.
David A. Wells; Vice-President, Mr. Samuel A. Strang; Treasurer, Mr*
William Bond; Secretary, Mr. W. B. Allen.
(V. 30, p. 43.)
change, January, 1880,
Colorado Coal d Iron.- -This company, with headquarters at
1, of the “
Springs, Col., was a consolidation Dec. 13, 1879, of the Central
‘
“
The company is controlled by Denver
Stock is non-asscssable. President,
C. B. Lambom.
Consolidation Coal.—The annual
(Vol. 30, p. 357, 675.)
ing value of stock of coal on hand) were
Total expenses of every kind (exclusive of
ing fund, but including steel rails and
outlays)
$239,692
Interest on the
& Rio
W. J.
report for 1879 was published in
Chronicle of March 6, 1880, and contained the
The gross receipts from mines, railroads, rents,
Net receipts
Net earnings after
1879 and sinking
Colorado-
Colorado
Colorado Coal & Steel Works, and the Southern
following:
&c., (includ¬
interest and sink¬
all extraordinary
the
$1,614,945
1,258,382
$356,563
deducting interest on bonded debt for
fund belonging to 1879, amounting to
116,870
161,653
funded debt for the year
—Consolidated mortgage bonds are held to retire old bonds.
also bonds of the Cumberland & Pennsylvania, and assumes
the Union Mining Company’s bonds.
(V. 28, p. 301; V. 30,
Guarantees
$135,000 of
p.
247.)
Coal.—Admitted to Stock List January, 1880.
of Somerset County, Pa. Bonded debt outstanding
Cumberland d Elk Lick
A coal company
only $17,000; no floating debt.
Alex. Shaw, President, Baltimore.
Dcadivood Mining—The stock is on the N. Y. Stock Exchange list. rIhe
property Is located in Whitewood District, D. T., consisting of the north
segregated 1,000 ft. of the Golden Terra lode, and the north segregated 500
feet of the Opliir lode.
The average monthly bullion product had been
$37,817, and the average monthly expenses $10,236, leaving an average
monthly profit of $27,581. The officers are: President, Joseph Clarke;
Vice-President, J. B. Haggin; Secretary, J. K. Goodrich, (V. 30, p. 66.)
Mining—Stock placed on New
iSee V. 29, p. 511.)
Excelsior Water d
list Nov.,
1879.
York Stock Exchange
Mining.—Property in Whitewood District, D. T., consisting
mines, 1,350 feet long by 450 feet wide
and one 120-stamp mill; value, $500,000.
Receipts to January 1, 1880, $1,172,000; expended in development,
construction, &c., $800,000. Present capacity of mill, 400 tons per day.
Monthly dividends 30 cents per share. Officers: President and Treasur¬
er, J. B. Haggin; Vice-President, R. P. Lounsbery;
Secretary, J. K.
ITomestake
of Homestake and Golden Star
on tlie vein; one 80-stamp mill
Goodrich.
Canton Improvement.—The annual
1880, is in V. 31, p. 43.
A brief history
V. 31, p.
6eg'
6 g.
Palmer; Vice-President,
Gains, 1879
Add gains, 1879
Deduct uncollectible
&
&
&
&
Colorado Coal & Iron Co.
Grande Railroad parties.
254— 297,058
1878
J.
J.
J.
M.
Improvement Co., the
Xegal expenses
Surplus, December 31,
6'g.
Dec. 1, 1880-
Sept. 10, 1877
Nov.
Boston, Office,
s.
'
28,130
5,455
7,064 «
13,169
:
Q-M. N. Y., Company’s Office,
New York, Office.
M. & S.
J. & J. N. Y., Company’s Office,
N. Y., Company’s Office
Stocks—Last
Dividend.
’
171,000
information. (V. 31, p. 121.)
American Coal.—There are mortgage bonds for $114,300. The annual
f eport for 1879 gives the following information:
Received for coal sold and delivered, earnings of canal boats,
Whom.
& D.
4,400,000
Express.—No reports; no
pal.When Due
Payable, and by
Pay’ble
J.
500,000
1,000
Where
When
,7
1,000,000
10,000,000
1,000
Bonds
io
387,000
753,000
100
Maryiana Coal—Stock
sey
717,875
575,000
1,073,000
783,000
600,000
1,000,000
10,000,000
2,400,000
2,000,000
9/250,000
3,500,000
10,250,000
1,000
100
100
100
10
10
100
100
100
Mariposa Land d Mining—Stock
Preferred stock
Mortgage bonds (lor $500,000)
Taxes
Bond and scrip
800,000
4,291,650
100
100
100
Consolidation Coal of Maryland— Stock
1st mortgage (convertible)
10 cts.
5,000,000
100
1880
,
1st mortgage, consolidated, convertible
Cumberland Goald Iron—Stock
Cumberland d Elk Lick Coal—Stock
DeadwoodrTerra Mining— Stock
Dunleith, d Dubuque Bridge—Bonds, sinking
Precision Water & Mining—Stock
Homestake Mining—Stoc
Iowa RR. Land Co.—Stock
La Plata Mining d Smelting—Stock
Leadville Mining—Stock
Little Pittsburg Consolidated Mining—Stock
1,000
500 &c.
Colorado Coal d Iron—Stock
1st consol, mortgage, gold
on
2
2^2
oia
1,500,000
18,000,000
American Express—Stock
Amie Consolidated Mining—Stock..
Coal
Rate per
Cent.
$100 $12,000,000
Express—Stock
American Coal (Maryland)—Stock
Adams
discovered in these Tables.
Bon ds—Princh
Amount
oatstanding.
Bonds
&c., see notes od
Size, or
Adams
Boston
immediate notice of any error
[Vol. XXXII.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS.
MISCELLANEOUS STOCKS AND
lx
1,400 feet on the vein.
Mining.—No dividends yet paid.
Iowa
Railroad
Land.—'The total laud owned was 451.609 acres
the company had for sale 428,133 acres belonging
March 31, 1880, and
to other companies.
Little Pittsburg Consolidated Mining.—The general manager, in his
report of operations for the year ended Dec. 31, 1879—covering only
eight months actual operation—gave
Ore receipts
Total expenses
and charges
Dividends paid
Real estate purchased
the following figures:
$306,370
850,000
$1,346,606
26,000—1,182,370
Surplus
$164,236
pany’s lands. A further reduction of $100,000 was made in the capital
stock by canceling a thousand shares received in exchange for lands, To the surplus should be added about $40,000 due for ore delivered and
reducing it to $2,400,000. Of this amount outstanding the company unsettled for during the year. There were 23,187 tons of ore produced,
Btill owns $25,500, held for the redemption of scrip as presented. The from which a bullion product of $1,800,000 was estimated.
The re¬
-dividend scrip has been reduced from $106,984 to $43,296, and as it is port of Professor Raymond in April, 1880, was, in substance, that the
desired to extinguish this scrip as speedily as possible, the request is old ground was worked out by February, 1880, and the value of the
made to holders of the scrip that they will bring the same in for conver¬ mine depends on new beds of ore to be found, of which the prospect
sion into stock. The statement for two years ending December 31,1879,
very good.
(V. 30, p. 67, 273.)
shows total receipts in 1878 of $163,658 and in 1879 of $120,957. The
balance sheet December 31, 1879, gave the following values of lands
MaHposa Land d Mining.—The suit of Jos. A. Donahoe for foreclo¬
«wned: Newark lands, $390,584 ; Bergen, $617,622 ; Elizabeth, $169,- sure of the mortgage was before the courts Sept, 1880. (V. 31, p. 248.)
150; Westfield, $26,307; Fanwood, $479,633; Plainfield, $347,976;
Dunellen, $345,398; Somerville, $77,861; Clinton, $4,780; Bloombury,
Maryland Coal.—V. 24, p. 226; V. 26, P- 95.
$36,345; Phillipeburg, $861; total, $2,486,522. (V. 30, p. 117, 221.)
Central New Jersey
the last six
report says that during
active demand sprang up for the com¬
Land Improvement—The
months of 1879 an
was
February,
MISCELLANEOUS
1881. J
Subscribers will confer a
explanation of column
page
Maryland Union
headings, &c., see notes on first
of tables.
Date
of
Bonds
or
Par
Value.
1879
1,000
100
Steamship—Stock
..
Pennsylvania Anthracite Coal—Stock
1st mortgage (east side) bonds on 1,05a acres
1st mortgage (west side) on 400 acres and 550 leased—
Pennsylvania Coal—Stock
1st mortgage bonds
Producers* Consolidated'■ Land <& Petroleumr- -Stock
Pullman Palace Car—Stock
.
debenture
Bonds, sterling debenture, convertible till April, 1881
Quicksilver Mining—Common stock.. .7
1,606
1872
1872
1,000
50
1861
'ioo
100
1871
1872
1872
1878
1875
2d series
3d series
4th series
..
1,000
1,000
1,000
1,000
£100
100
100
Railroad Equipment Co.—Stock
Coupon bonus
St Louis Bridge & Tunnel RR— Bridge stock
Var’s.
1,000
1878
i",6oo
sinking fund
Tunnel RR. of St. Louis, stock
Southern A Atlantic Telegraph—Guaranteed stock
Spring Mountain Goal—Stock, guar. 7 per ct.
Standard Consolidated Gold Mining—Stock
Maryland Union Coal
—
“2*5
50
100
by L. V
Stock placed on N. Y. Stock Exchange, April,
President, John White, New York.
Central Coal (Md.).—The annual report for 1879 has the following:
See statement V. 30, p. 466.
New
STATEMENT OF PROFITS FOlt THE YEAR ENDING DECEMBER
December 31,1879, balance to credit of coal account
December 31,1879, coal on hand, at cost
$81,584
Less freights and taxes due
16,618—
31, 1879.
.
1,036,787
$81 ,«uu
$244,530
$100,000
loss during ’79
11,905—
111 ,905
$132,624
for 1879.
81,890
Balance te credit of profit and loss December 31, 1879
$214,515
Note.—The strike of the miners, lasting from September 1 to October
8, caused a suspension of mining during that time, increased the cost of
the coal, and reduced the company’s production and profits for the year.
Officers for 1880: Malcolm Sinclair, President; William S. Jacques,
Vice-President; Philo C. Calhoun, Treasurer; Geo. H. Adams, Secretary.
—(V. 26, p. 5.36; V. 30, p. 220.)
New York <£ Straitsville Coal & Iron — Has $300,000 bonds.
The stock
admitted to New York Board April, 1880. (V. 30, p. 409.)
New York <& Texas Land—This company owns the lands granted to the
International and Houston <fc Great Northern railroads, about 5.000,000
acres,
which
were
given in settlement to the holders of convertible and
second mortgage bonds. Each holder of a $1,000 second mortgage or
convertible bond and unpaid coupons, or purchasing committee certifi¬
cates, of the International .and Houston & Great Northern railroads
receives $300 stock and $1,200 land scrip of this Co. (V. 30, p. 519;
V. 31, p. 511.)
Ontario Silver Mining .—This company was incorporated under the
laws of California, December 16, 1876, with full paid capital stock of
100,000 shares of $100 each.
The property is located at Parley’s Park,
City, Utah, and consists of the Ontario
32 miles southeast of Salt Lake
.
mine, 1,500x20.0 feet, the Switzerland, 1,500x200 feet adjoining east,
and mill site of three acres adjoining north. On January 26, 1877, the
40-stamp mill of the company was completed. From that time up to
January 1, 1880, the Ontario produced bullion to the value of $5,447,885, from which it paid all expenses; dividends to the amount of
$2,550,000; made permanent improvements of over $1,000,000 in
value, with a handsome cash surplus and over 3,500 tons of ore, that
will averago $150 per ton, on hand on that date. The equipment is very
complete and affords facilities for mining to a depth of 1,500 feet. All
product had been from some 1,300 feet of the Ontario mine alone, and
above the 600-foot level. The monthly dividends have been 50 cents
per share, with frequent extra dividends of same amount. New York
office of tne company, 31 Broad street. J. B. Haggin, President.
Oregon Railway cC- Navigation.—Stock and bonds placed on New York
Stock Exchange list November, 1S79. Net earnings year ending June
30,1880, $1,657,230. Am issue of $6,000,000 new stock was voted on
Oct. 20,1880, to be sold at par to the stockholders at dates in 1881,
with a 10 per cent scrip dividend paid to the stockholders when their last
instalment was called for. The company has projected lines and im¬
provements in progress calling for an estimated outlay of $12,000,000.
It was also reported that the managers aim to control the Northern
Pacific Railroad. (See Chronicle of February 26,1881.) (V. 30, p. 289,
409; V. 31, p. 196. 329. 313, 429, 511; V. 32, p. 156.)
Pacific Mail Steamship.—lu February, 1880, an agreement was re¬
ported. between this company and the Pacific Railroads, by which the
railroad company is to give to the steamship company a monthly subsidy
of $110,000, as against $00,000 formerly. The contract is for live years,
and applies only to California business. It is understood that the
steamship company is to inaugurate a sinking fund of $10,000 per
month out of the subsidy money, which will more than liquidate the
debt due the Panama Railroad maturing in annual instalments from
October, 1884, to October, 1888. The railroad companies uurchased the
China line steamers City of Pekin and City of Tokio for
$1,200,000,
payable in monthly instalments of $100,000, the purchase being subject
to an inspection of the steamers within 90 days; and the Pacific Mail
Company gave
up to
the Union and Central Pacific railroad companies
its China lmo. (V. 30, p. 249.) Report for 1879-80, in V. 30, p. 565.
The following is a statement of the earnings and expenses for
years ending April 30,1879 and 1880;
the
Earnings.
1879.
Atlantic lino
Panama line
Victoria line
$581,536
1,486,571
237,918
920,167
324,282
Trans-Paciflo line
Australian line
Honolulu line
Australian andNew Zealand subsidies
Central American and Mexican subsidies
1880.
$600,915
1,531,677
201.978
930,657
321,213
26,804
..
217,120
104,938
1875-690.
Rate per
Cent.
When
Where
176,410
118,366
Bond 8—Princi¬
pal,When Due.
Payable, and by
Whom.
Payable
Stocks—Last
^Dividend.
'
*2*
1
Jan. 15,1881
New York.
M’nthly
April, 1880
....
"l
1900
50 ets. M’nthly N. Y., Wells, Fargo & Co.
2 & 10 s. Q—F.
Now York.
6 g. J. & J. N.Y., Farm. L. & Tr. Co.
3
....
*7*
7
3
7
6
2
8
8
8
7
7 g.
328,000
445,000
820,000
767,000
116,000
5,708,7001
4,291,300
500,000
(?)
7,990,000
5,000.000
1,250,000
948,000
J.
J.
A D. N.
& D.
Y., 4th National Bk.
N. Y.t 111 Broadway.
do
do
New York, Office.
Q.—J •
Q.—F. N. Y., Farm L. & T. Co.
do
do
Q.—F.
do
do
Q.—F.
d-)
do
Q.-F.
A. & O.
do
do
A. & O. Lond’n, J.S.Morgan&Co
Q-F.
F.
& A.
Feb.
Feb.
15,1881
1, 1881
July 1, 1909
Sept., 1868
June 1,
June 1,
Feb. 1,
Aug.
1,
1892
1892
1881
1881
1877
Feb. 15, 1881
May 15, 1881
Feb. 15, 1887
Aug. 15, 1892
Oct. 15, 1888
April 1,1885
....
*2 *3
F. & A.
6
Quar’ly
N, Y., Clark, Post & M.
do
Feb., 1881
do
Various.
A. & "O. New York and London. April 1, 1928
A. & O.
London.
2*3
Oct. 15,1880
A. & O. N.Y., West. Union Tel.
2*3
Oot., 1880
J. & D. N. Y., Company’s Office. Dec. 10, 1880
1.500,000
313
10,000,000 75e.,75x. M’nthly N. Y., Nevada Bank.
Feb., 1881
"l
.
1879.
British Columbia subsidy
Hawaiian Government subsidy
Interest and dividends on investments
$38,000
11,692
13,224
13,023
19,274
12,464
3,110
28,587
$4,054,560
,
Total receipts
$3,969,882
6,500
Expenses.
Atlantic line, running expenses
Panama line, running expenses
Victoria line, running expenses
Trans-Pacific line, running expenses
Australian line, running expenses
Honolulu line, running expenses
Agencies
1880.
$38,000
Miscellaneous
64,965
Deduct—
AddNet earnings
Ixi
$1,053,712 Tug Milieu Griffith (net earnings)
$1,118,678
Deduct amount paid for railroad and canal freights and tolls,
mining, office and shipping expenses, salaries and interest..
Not earnings for the year
Balance to credit of profit and loss December 31,1878
Dividend paid January 22,1879
Amounts charged against profit and
$5,000,000
2,500,000
5,000,000
1,500,000
1,500,000
6,000,000
322,515
10,000,000
9,600,000
6,000,000
20,000,000
2,000,000
1,000,000
500,000
5,000,000
472,500
2,500.000
5.990,200
100
100
Pacific Mail
1880.
Outstanding
100
100
100
50
registered
1st mortgage, new,
Amount
$100
Coal—Stock
Ontario Silver Mining—Stock
Oregon Railway & Navigation—Stock
Mortgage bonds, gold. ......
Bonds,
Bonds,
Bonds,
Bonds,
BONDS.
INTEREST OR DIVIDENDS.
Size,
Montauk Gas Coal—Stock
New Central Goal—Stock.
New York dk Straitsville Coal <6 Iron—Stock
New York <tt Texas Land (Limited)— Stock
Land scrip receivable 75 per cent for lands
Debentures,
AND
great fevor by giving Immediate notice of any error discovered in these Tables,
DESCRIPTION.
For
STOCKS
.
Extra and miscellaneous
$432,373
$474,598
1,136,716
261.826
647,520
411,001
39,782
362,111
1,127,800
273,591
568,570
376,669
362,412
,
833,852
364,738
Total expenses
Net profits
(V.28, p. 42, 97, 402, 552,
$3,652,745
$3,519,821
401,815
450.061
554, 580; V. 29, p. 512; V. 30, p. 249, 565.)
Pennsylvania Anthracite Coal.—Stock and bonds admitted toN. Y.
Stock Board Feb., 1877. Company failed Feb., 1879. (V. 24, p. 112.)
Pennsylvania Coal.—Liabilities at a minimum, and 12 p. c. dividends
paid. Payment of bonds will be anticipated, if desired.
Pullman Palace Car.—Annual report V. 31, p. 327. The income ac¬
count for year ending July 31, 1880, showed total receipts of $2,635>468, against which were charged the following disbursements:
Operating expenses, including legal expenses, general taxes
and insurance, maintenance of upholstery and bedding
(including leased lines), and rebuilding association ears
$955,047
Rental of leased lines
264,000
$168,979
Coupon interest on bonds
Dividends on capital stock
472,876— 641,855
-
Total
$1,860,902
Surplus for the year
$774,565
For five years past, endiug J uly 31, a comparative exhibit of the receipts
expenses, profits, and surplus applicable to dividends, shows as follows;
Interest,
Revenue.
Expenses.
Profits.
rentals, &e.
Surplus.
$2,555,011
$990,210 $1,564,801 $514,269 $1,050,532
985,072
1,585,567
2,570,639
493,579
1,091,988
2,160,830
451,866
878,578
1,282,252
830,386
958,465
1,238,269
429,890
2,196,734
808,379
2,635,468
955,047
1,680,121
432,479
1,247,442
-(V. 26, p. 217; V. 27. p. 302; V. 28, p. 200; V. 29, p. 329,651; V.
31, p. 327, 359, 383; V. 32, p. 44.)
..
Quicksilver Mining.—Bowl* paid off July, 1879.
Validity of preferred
stock sustained by N. Y. Court of Appeals, and iu March, 18^0, the
pref. stock was adjudged $2,683,281, or $62 52 to each sharr*, but this
was modified by after decision.
(V. 30, p. 314, 409. 466; V. 31, p. 124.)
Railroad Equipment Co.—This company sells equipment to railroads
on
monthly payments covering principal and interest for 60 mouths
or
less. The title remains in the seller till last payment is mado. .Clark,
Post «fc Martin, financial agents, New York.
St. Louis Bridge <<• Tunnel Rui'road.—Net income in 1S77-8, $219,598;
1878-9, $269,697; 1879-80, $302,837-
The railroad and tunnel
were
sold under tho mortgage of 1873, July 1, 1878, for $150,000. Foreclos¬
ure under the first and second mortgages on the bridge was made Dec.
The above mortgage and $7,990,000 in stock are issued
Of the stock $2,490,000 is first preferred,
$3,000,000 second preferred, and $2,500,000 common. The common
stock is held by the London Reorganization Committee. The coupons
due October, 1878, 1879 and 1881 on first mortgage bonds to be made in
same bonds in April, 1881.
The bridge and tunnel are worked together
and the net earnings divided in the proportion of five sixths to the
bridge and one-sixth to the tunnel up to $150,000 and all over that
amount nine-tenths to bridge and one-tenth to tunnel. In 1879-80 the
gross earnings were $897,697; net earnings. $392,837.
(V. 26, p. 420,
524; V. 27, p. 17, 227, 435, 461, 677; V. 28* p. 224; V. 29, p. 196; V
30. p. 623.)
Spring Mountain Coal Co.—This is guaranteed 7 per cent per year till
1885 by Lehigh Valley Railroad.
Standard Consolidated Mining.—This company was incorporated
under the lawTs of California, April 7, 1877. The property embraces an
area contained within the surface lines of a parallelogram 1,200 by
1,500 feet, situated on the southern slope of Botlie Bluff, in the Bodie
mining district, Mono County, California. Title, United States patent.
Improvements consist of a 20-stamp steam pan-mill of 6C-ton capacity,
valued at $100,000. Also a half interest in the Bulwer Standard Mil),
completed in January, 1880, at a cost of about $150,000. This is a 3Cstamp mill of 90-ton capacity, giving the Standard Company, with the r
own mill, a reduction capacity of over 100 tons per day,
There are two
sets of steam hoisting works,one costing $5,000 and the other something
over $100,000.
The total number of tons of ore extracted and reduced
up to Jan. 1,1880, was 56,000, the yield from which being $3,360,000,
all with the exception of about $200,000 being in gold; the ore average®
20, 1878.
under the reorganization.
MISCELLANEOUS
lxii
Subscribers will confer a great favor by giving
Immediate notice of any error discovered In tliese Tables,
of tables.
Date
Size, or
Par
of
Bonds Value.
Outstanding
$10
of column headings, Ac., see notes on first
page
[Vol. XXXII.
If on ds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation
BONDS.
AND
STOCKS
$18,920,000
Amount
Rnte per
Cent.
When
Where Payable,
and by
Whom.
Payable
pal,When Due.
Stocks— Last
Dividend.
.
Bntrn Tunnel—Stock
1879
Mortgage bonds (for $2,000,000)
United States Express—Stock
United States Rolling Stock—Stock
....
....
Wells, Fargo dt Company Express—Stock
Union
.
Telegraph—Stock
Real estate bonds, gold, sinking fund
Bonds, coup, or reg., conv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, ooupon (sinking fund 1 p. ct. per annum)
.
.
ioo
....
100
100
_
1872
1875
1875
1,000
1,000
JSlOOAc
600,000
7,000,000
5,000,000
6,250,000
80.000,000
1,373,000
3,920,000
1
Q.-F.
1J4
'
4
1*2
7 g.
rr
$
961,308
London.
Jan. 1, 1891
New York, Office.
Feb. 15, 1881
M. A S. New York and London.
Sept 1, 1880
Jan. 15,1881
New York, Office.
J. A J.
Jan. 15,1881
New York, Office.
Q.—J.
M. A N. N. Y., Union Trust Co.
May, 1902
M. A N. N. Y., Treasurer’s Office
May, 1900
M. A 8. London, Morton, R. A Co March 1,1900
....
....
eg.
per ton. Cost of mining, $7; milling, $5 per ton. The average spring, Phelps A Fanner’s printing telegraph, Stem’s duplex instru¬
monthly product recently has been $130,000. Of the total product of ment for sending two messages at the same time over one wire, and
$60
dividends to January 1, 1880,
The entire width of the claim—1,200 feet—is said to be
seamed with well-defined parallel ledges, varying in width from two to
twenty-five feet. Office of company, San Francisco, Cal. President,
Daniel Cook; Vice-President, M. R. Cook; Secretary, William Willis.
Financial Agents, Dickinson Bros., Bankers, 43 Exchange place, N. Y.
the mine stockholders had received in
$2,017,776.
Eutro Tunnel.—Tunnel on Comstock Lode for facilitating mining oper¬
ations. New management effected March, 1880.
Annual report pub¬
lished in Chronicle of April 24, 1880. See V. 30, p. 249.
(V. 27, p.
529; V. 28, p. 147, 224, 302; V. 30, p. 249, 432.)
‘United States Express— No reports.
United States Rolling Slock.—See
.345.
reports, V. 26, p. 289; V. 28,p.
Wells, Fargo & Company Express— An
000 was made in 1879. (V. 28, p. 18.)
1876-90
the
following:
1879.
1880.
$198,129
Surplus Oct. 1
t
Net profits for tho quarter ending Dec. 31, about
951,806
$1,143,873
1,529,169
$1,149,936
$2,673,042
107,000
250,000
107,425
256,408
Total reoeipts
From which appropriating—
Interest on bonded debt.
Construction
Sinking fund appropriations
increase in capital to $6,250,-
Western Union Telegraph—On the practical consolidation with the
Atlantic & Pacific in 1878 the Western Union had a monopoly of tele¬
graphing business in the United States.
Edison’s quadruplex instrument for sending four messages over one
wire—two messages each way—at tho same time. Tho company also
has a license to use the Colgate 'gutta-percha patent for insulators for
cables and wires.
The last quarterly statement for tho quarter ending Jan. 1,1881, had
In 1879 the American Union
opposition line was started under tho auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stock, making a scrip
of 17 per cent to stockholders of record June 20, 1879. On
dividend
20,000
25,000
53,624
$402,000
$437,517
$747,936
615,061
$2,235,526
1,127,596
$132,874
$1,107,930
telegraph stock and patents....
Total disbursements
Leaves a balance of
A dividend of l1^ p. c. 1880,
Jan. 19, Deducting whioh, leavos
dividend, of
was dated the grand consolidation, in which the Western Union
Taised its stock to $80,000,000, giving par, or $15,000,000, for the stock
and bonds of the American Union; 60 per cent for old Atlantic A Pacific
■stock was given in new Western Union; and a stock distribution of 38*4
1881,
20,000
Purchase of
per cent to Western Union shareholders. (See V. 32, p. 124.) In a history
of the West. Un. Telegraph Co., the New York World gave the following:
“On April 4, 1856, the name of tho New York & Mississippi Valley
Printing Telegraph Company was changed by a special act of the New
a
and 1%-fl ex. ’79.
surplus, after paying
a
annual roporfc published in the Chronicle, V. 31. p.
406, tho following was given for the fiscal year ending Juno 30, 1880.
From tho
The revenues, expenses and profits (after reserving amount sufficient
to meet the claims of the Atlantio & Paeiflo Telegraph Co. under exist¬
ing agreements) were as follows:
Revenues
1878-79.
1879-80.
$11,733,094 $10,078,097
6,591,455
5,809,119
accruing to this oompany
chapter 97, to‘The Western Union Telegraph Com¬ Expenses chargeable to this company
The authorized capital of the company tten was $500,000, of
Net profits
which only about three-fourths had been issued. On Aug. 19,1858, the
$5,146,639 $4,269,778
From whioh there was applied—
first scrip dividend was declared, being 33 per cent on $369,700, the
amount of outstanding stock.
$3,280,276 $2,295,304
On Sept. 22 of the same year, after the For dividends (8 per cent)
:
428.516
430,528
amount of the authorized capital had been increased, a scrip dividend of For interest on bonds
414*40 per cent on the capital stock of $485,700 was issued. Three For sinking funds appropriations
40,056
40,000
more scrip dividends were issued previous to the purchase of other
lines by issuing stock. They were as follows: July 16, 1862, 27*26 per
$3,748,793 $2,765,889
©ent on the capital stock outstanding of $2,355,000; March 16, 1863, Surplus of net earnings for tho year over divi¬
100 per cent on the capital stock outstanding of $2,979,300, and Dec.
dends, interest and sinking funds appropria¬
tions was
$1,397,846 $1,503,888
23, 1863, 33I3 per cent on the capital of $5,962,600, increasing the
With tho surplus on hand at the beginning of the fiscal year, July 1,
capital stock to $7,950,700. About January, 1864, an arrangement was
made for the purchase of the Pacific Telegraph Company, a corporation 1879, the result for 1879-80 is as follows :
chartered in the State of Nebraska and authorized to buy, build and The surplus July 1, 1879, was
$772,469
1,397,846—$2,170,315
operate a telegraph line from a point within the Territory or State east Add surplus for year as above
or the Rocky Mountains to San Francisco.
Its capital was $1,000,000. For construction of now lines and erection of
additional wires
Tho purchase was effected by an exchange of the Western Union stock,
$1,123,584
issued for that purpose, for tho stock of the Pacific Telegraph Company, For purchase of sundry telegraph stocks,
the amount being $1,277,210.
patents, real estate, Ac
643,476— 1,767,060
Up to this time the lines owned by the Western Union were all west
$403,255
•of Buffalo, and the chief executive offices were at Rochester, N. Y. The
Surplus July 1,1880.
next purchase was that of the lines of the New York Albany & Buffalo
This balance, together with tho balances of previous years, Is rep¬
■Company, by an exchange of stock amounting to $600,000; and the resented in tho profits and disbursements of tho company, for fourteen
mircnase of the New York A Washington Printing Telegraph Company
In a like manner, for $146,500, followed. The stock needed for this years, from tho date of the general consolidation—July 1, 1866:
$275,357
purpose was all issued between Jan. 1, 1864, and May 16, 1864. The The surplus of inoome acoount July 1,1866,was
-executive office remained in Rochester until July 1, 1866, when it The net profits for thirteen years, from July 1,
was removed to New York City.
1866, to June 30, 1879, were
45,350,241
On May 11, 1864, a stock dividend of 100 per cent per share was
$45,625,593
made, which increased the capital to $20,133,800. The increase of Making an aggregate June 30,1880, of
stock from that time to July 1, 1869, was as follows :
During this poriod there was applied—
For Atlantic A Ohio Telegraph stock
$833,400 For dividends, interost, Ac
28,656,595
York Legislature,
pany/
“
For
For
For
For
For
For
For
For
For
For
For
For
For
For
For
For
For
Erie A Michigan Telegraph stock
House Telegraph stock
Pemberton A Golden, trustees, eto
cash
Western Union bonds
Ithaca Telegraph stock
California State Telegraph stock
Syracuse A Binghamton Telegraph stock
Missouri A Kansas Telegraph stock
United States Telegraph stock
United States Pacific Telegraph stock.
equalization of stock as per consolidation agreement...
fractions
Tmmansburg & Seneca Falls stock
Hicks & Wright Repeater
Lodi Telegraph stock
American Telegraph stock
For Pittsburg Cincinnati &
This made the total
Louisville stock
capital stock
68,000
5,700
3,800
77,000
91,600
14,500
164,700
4,900
80,400
3,885.200
3,333,300
468,000
55,100
3,500
1,500
500
11,833,100
4,100
$41,063,100
1870, the capital was $41,070 610, and in January,
1873, $41,073,410. It remained at that figure until the present time.’*
The stock was nominally of that amount, but only $35,084,975 was out¬
standing prior to Juno 20, 1879, when it was again watered, and a scrip
dividend of 17 per cent declared, raising the stock to the above amount.
Among the many valuable patents whloh the oompnny owns exclu¬
sively may be mentioned tho Pago patent for the set-screw and retractal
“In January,
1
i
.
Leaving
a
surplus of..
$16,969,003
—which is represented by construction and purchase of now lines, stock
in other companies, Ao.
The following statement shows the mileage of
lines and wires, number of offioes, and traffic of the company, for each
year
from June 30, 1866, to June 30, 1879:
Miles of
Lino.
Years.
1865-66
1866-67
1867-68
1868-69
1869-70
1870-71
1871-72
1872-73
1873-74
37,380
46,270
50,183
Miles of No. of
Wire.
75,686
85,291
97,594
10-1,584
112,191
121,151
137,190
154,472
175,735
179,496
Offices,
2,250
2,565
3,219
3,607
3,972
4,606
5,237
5,740
6,188
6,565'
183,832 7,072
194,323 7,500
206,202 8,014
211,566 8,534
233,534 9,077
No. of Measagos Sent.
5,879,282
6,404,595
7,934,933
9,157,646
10,646,077
12,444,499
14,456,832
16,329,256
17,153,710
18,729,567
21,158,941
23,918,894
25,070,106
29,215,509
Net
Rocoipts.
$
6,568,925
7,004,560
7,316,918
7,138,737
7,637,448
8,457,095
52,099
54,109
56,032
62,033
9,333,018
65,757
71,585
9,262,653
1874-75
9,564,574
72,833
1875-76
10,034,983
73,532
9,812,352
76,955
9,861,355
81,002
10,960,640
82,987
12,782,894
85,645
-(V. 28, p. 277, 592; Y. 29, p. 278, 379, 461, 632; V. 30,
410, 668. 625; V. 31, p. 21,121, 283, 306, 359, 383, 401,
653; V. 32, p. 43, 63, 63, 92, 124, 146, 156. 206.)
..
..
..
..
Reoeipts.
2.624.919
2,641,710
2,748,801
2,227,965
2,532,661
2,790,232
2,757,962
2.506.920
3,229,157
3,399,509
3,140,127
3,551,542
4,800,440
5,833.937
193, 264,
February, 1881.
INVESTORS’ SUPPLEMENT
|
INDEX
With the numerous changes
foreclosures, consolidations, &c.,
former company in the tables of
new or
NAMES
which
are
TO
NAMES
OF
lxiii
RAILROADS.
constantly taking place in the titles of various railroad companies, by
it frequently occurs that much difficulty may be experienced in looking
up
the
reason
name
of
of a
this Supplement. To obviate this difficulty, and to facilitate reference to any name, whether
old, the following index has been prepared :
UNDER
WHICII
COMPANIES
NAMES UNDER WHICH THEY WILE
BE FOUND IN THE TABLES.
MAY BE SOUGHT FOR.
Arkansas
Maine Central.
Denver & Rio Grande.
Chicago Burlington A Quincy.
Valley
Union Pacific, Central Branch.
New York Pennsylvania A Ohio.
Savannah Florida A Western.
St. Louis & San Frau cisco.
Baltimore Short-Line
Marietta A Cincinnati.
Flint A Pere Marquette.
Cleveland Col. Cin. A Indianapolis.
Chicago & Northwest.
Philadelphia & Reading.
New York & New England.
Lake Shore & Michigan Southern.
Cairo Arkansas & Texas
Cairo & Fulton
California & Oregon
Camden & Amboy
Cape May & Millville
Central of Long Island
Central Vermont
Cham. Havana A West
St. Louis Iron Mount’ll A Southern.
Chicago Burlington A Quincy.
St. Louis Iron Mount’n A Southern.
Central Pacific.
United Companies of New Jersey.
West Jersey.
Flushing North Shore A Central.
Vermont Central.
Wab. St. Louis A Pacific.
C. M. & St. Paul.
Columbus Chic. A Indiana Central.
Grand Trunk (Canada).
Chicago A Alton.
Chicago & West Michigan.
Chicago & Northwest.
Illinois Central.
Chicago Rock Island A Pacific.
Chic. St. Paul Minn. A Omaha.
Chic. St. Paul & Minn
Chic. St. Paul A Omaha
Cincinnati & Baltimore. :
Chic. St. Paul Minn. & Ohama.
Marietta & Cincinnati.
Columbus Chic. A Indiana Central.
Cin. Indianapolis St. Louis A Chic.
Cincinnati & Chicago Air-Line
Cincinnati A Indiana
Cincinnati Hamilton & Indianapolis.Cincinnati Hamilton & Dayton.
Cincinnati Lafayette A Chicago
Cin. Indianapolis St. Louis & Chic.
Clayton A Theresa
.".Utica & Black River.
Cleveland Columbus & Cincinnati ..Cleveland Col. Cin. A Indianapolis.
Cleveland Painesville A Ashtabula. Lake Shore & Michigan Southern.
Cleveland A Toledo
Lake Shore & Michigan Southern.
Columbus A Indiana Central
Columbus Chic. & Indiana Central.
Columbus A Indianapolis Central.. .Columbus Chic. & Indiana Central.
Couucil Bluffs A St. Joseph
Chicago Burlington & Quincy.
Covington A Lexington
Kentucky Central.
Dakota Southern
Danville A Vincennes
Sioux City A Dakota.
Decatur A East St. Louis
Delano Land Co
Denver Pacific
Detroit & Bay City
Detroit A Eel River
Detroit A Milwaukee
Detroit Monroe A Toledo
Detroit & Pontiac
Dixon Peoria & Hannibal
Easton A Amboy
East Tennessee A Georgia
East Tennessee & Virginia
Erie
Wabash St. Louis A Pacific.
Union Pacific.
Michigan Central.
Eel River.
Detroit Grand Haven & Milwaukee.
Lake Shore & Michigan Southern.
Detroit Grand Haven A Milwaukee.
Chicago Burlington & Quincy.
Lehigh Valley.
East Tenn. Virginia A Georgia.
..East Tenn. Virginia A Georgia.
New York Lake Erie A Western.
Eastern (Mass.)
Evansville A Crawfordsville
Evansville & Terre Haute.
Evansville Henderson A Nashville. .Louisville & Nashville.
Essex
Flint & Holly
Florence El Dorado & W
Flint & Pere Marquette.
Flushing & North Shore
Flushing North Shore & Central.
Galena A Chicago Union
Grand River Valley
Great Western (Ill.)
Chicago & Northwest.
Michigan Central.
Wabash St. Louis & Pacific.
Hannibal & Central Missouri
Hannibal & Naples
Harlem & Portchester
Missouri Kansas & Texas.
Ha&tings & Dakota
Holly Wayne A Monroe
Holyoke & Westfield
Chicago.Milwaukee & St. Paul.
Flint & Pere Marquette.
New Haven & Northampton.
Atchison Topeka A Santa Fe.
Wabash St. Louis & Pacific.
New York New Haven & Hartford.
Chicago Burlington & Quincy.
Wabash St. Louis & Pacific.
Indianapolis Decatur A Springfield.
Indianapolis Bloom. A West. Exteu.Champaign Havana A Western.
Indianapolis & Cincinnati
Cin. Indianapolis St. Louis A Chic.
Indianapolis Cin. & Lafayette
Cin. Indianapolis St. Louis A Chic.
Indianapolis A Madison
Jeffersonville Madison & Iud.
International
Ionia A Lansing
International & Great Northern.
Detroit Lansing A Northern.
Burlington Cedar Rapids & North’n.
Chicago Milwaukee A St. Paul.
Iowa City A Western
Iowa & Dakota
Iowa Midland
Iowa & Minnesota
Iowa South. A Missouri North
Chicago A Northwest.
Chicago Milwaukee & St. Paul.
Chicago Rock Island A Pacific.
Jackson Lansing A Saginaw
Jamestown A Franklin
Joliet & Chicago
Kalamazoo Allegan & Gr. Rapids
Kalamazoo A Schoolcraft
Kalamazoo A South Haven
Kalamazoo & White Pigeon
Kansas City A Cameron
Kansas City A Eastern
Kansas City St. Jos. A Council B
Kansas City St. Louis A Chic
Kansas City Topeka A Western
Kansas & Nebraska
Kansas Pacific
,
Michigan Central.
Lake Shore A Michigan Southern.
Chicago & Alton.
.
.Lake Shore A Michigan Sbuthorn.
Lake Shore & Michigan Southern.
Michigan Central.
Lake Shore A Michigan Southern.
Hannibal & St. Joseph.
Missouri Pacific.
Chicago Burlington & Quincy.
Chicago A Alton.
Atchison Topeka & Santa Fe.
St.
Joseph & Western.
Union Pacific.
Lackawanna A Bloomsburg
Delaware Lackawanna A Western.
Lafayette Bloomington A Muncie.. .Lake Erie & Western.
Lake Eric Wabash & St. Louis.
Wabash St. Louie A Pacific.
WILL
THEY
*
A Southern
Maine Central.
Central of New Jersey.
Missouri Pacific.
New York Lake Erie A Western.
Chicago & Alton.
Long Dock Company
Louisiana A Missouri
Lynchburg & Danville
Wash. City Va. Mid. A Gt. Southern
fffacon & Western
Central Railroad A Bank Co., Ga.
Cleveland & Marietta.
Connecticut A Passumpsic.
Louisville & Nashville.
Chicago & Northwest.
Michigan Central.
Menominee River
Michigan Air-Line
Michigan So.& North’n Indiana
Midland of New Jersey
Milwaukee A Western
Minnesota Central
Minnesota Valley
Missisquoi
Mississippi Central
Missouri River Fort Scott & Gulf
Missouri River RR
Montclair
Montieello & Port Jervis
Nashua A Rochester
Newark & New York
New Bedford Railroad
New Jersey RR. & Transportat’n
New Mexico A So. Pacific
New Orleans Jackson & G. N
New York A Manhattan Beach
New York A Oswego Midland
New York A Rockaway
Newtown A Flushing
Niles A New Lisbon
Norfolk & Petersburg
Northern Cross
North Missouri
North Wisconsin
Northwestern North Carolina
Northwestern Union
..
Lake Shore A Michigan Southern.
New Jersey Midland.
Chicago Milwaukee A St. Paul.
Chicago Milwaukee A St. Paul
Chicago & Northwest.
Vermont & Canada.
Chicago St. Louis A New Orleans.
.Kansas City Fort Scott A Gulf.
Missouri Pacific.
New York & Greenwood Lake.
Port Jervis A Monticcllo.
Worcester A Nashua.
Central of New Jersey.
Boston Clinton Fitchburg A N. B.
Co.United New Jersey RR. A Canal Co’S
Atchison Topeka A Santa Fe.
Chicago St. Ixmis & New Orleans.
Manhattan Beach Co.
New York Ontario A Southern.
Long Island.
Long Island.
Cleveland A
Mahoning Valley.
Atlantic Mississippi A Ohio.
Chicago Burlington A Quincy.
Wabash St. Louis A Pacific.
Chic. St. Paul Minn. A Omaha.
Richmond A Danville.
Chicago & Northwest.
Baltimore A Ohio.
Northwestern Virginia
Oakland & Ottawa River
Oil Creek
Omaha A Southwestern
Ontario Southern
Pittsburg Titusville A Buffalo.
Burlington & Missouri in Nebraska
Orange & Alexandria
Ottawa Oswego & Fox River
Washington City Va. Mid, A Gt. So.
Chicago Burlington A Quincy.
Detroit Gr. Haven A Milwaukee.
Lake Ontario Southern.
Missouri Pacific.
.Peoria Decatur & Evansville.
Chicago A Northwest.
Buffalo Pittsburg A Titusville.
Chicago <fc Northwest.
Plain View
Pleasant Hill & De Soto
Port Huron & Lake Michigan
Port
Royal
Portland & Kennebec
Prairie du Chien
Pueblo & Arkansas Valley
.Atchison Topeka & Santa Fe
Chicago & Lake Huron.
Port Royal & Augusta.
Maine Central.
Chicago Milwaukee & St. Paul.
Atchison Topeka & Santa Fe.
Chicago Burlington & Quincy.
Wabash St. Louis & Pacific.
Hannibal & St. Joseph.
Wabash St. Louis & Pacific.
Chicago Burlington & Quincy.
Burlington «fc Missouri in Nebraska.
Quincy Alton & St. Louis
Quincy Mo. & Pacific
Quincy & Palmyra
Quincy «fe Toledo
Quincy & Warsaw
Republican Valley
Rochester & Northern Minnesota
..
.Chicago & Northwest.
St. Joseph & Denver City
St. Joseph <fc Western.
>t. Joseph <fc Pacific
St. Joseph & Western.
St. Louis Jacksonville & Chicago
Chicago
Alton.
St. Louis Kansas & Arizona
Missouri Pacific.
St. Ioui8 Kansas City & Northern.. .Wabash St. Louis & Pacific.
St. Louis & Lexington
Missouri Pacific.
St. Louis Rock Island & C
Chicago Burlington & Quincy.
St. Louis & Southeastern
Louisville & Nashville.
St. Paul & Chicago
Chicago Milwaukee A St. Paul.
St. Paul & Pacific
St. Paul Minneapolis & Manitoba.
St. Paul <fc Sioux City
Chic. St. Paul Minn. A Omaha.
St. Paul Stillwater A T. F
International A Great Northern.
Chic. St. Paul Minneap. A Omaha.
Illinois Grand Trunk
Illinois & Southern Iowa
Indiana A Illinois Central
WHICH
Missouri Pacific.
Kansas City Lawrence
Pittsburg Titusville <St Buffalo
Lehigh Valley.
Houston & Great Northern
Hudson & River Falls
UNDER
BE FOUND IN THE TABLES.
Pacific of Missouri
Pekin Lincoln A Decatur
Peninsular (Mich.)
Chicago A East. Illinois.
Chicago Milwaukee A St. Paul.
Davenport & Northwest
NAMES
Massawippi.,
Memphis A Ohio
Bellefontaine A Indiana.,
Beloit & Madison
Berks County
Boston Hartford A Erie
Buffalo A Erie
Burlington A Missouri
Clinton DubuqeA Minn
& Great Eastern
A Grand Trunk
& Illinois River
A Michigan Lake Shore
Chicago A Milwaukee
Chicago A Springfield
Chicago & Southwestern....
COMPANIES
Mariette Pittsburg & Cleve
European A North American.
Chicago
Chicago
Chicago
Chicago
Chicago
WHICH
Lehigh & Wilkesbarre Coal Co
Lexington A Southern
Atchison A Nebraska
Atchison & Pike’s Peak
Atlantic A Great Western
Atlantic A Gulf
Atlantic A Pacific
Bangor A Piscataquis
Bay City A Saginaw
UNDER
MAY BE SOUGHT FOR.
Leavenworth Atchison A N’west
Leavenworth Lawrence A Galv
Leeds A Farmington
Selma Rome A Dalton.
Alabama A Tennessee River
American Dock & Improvem’t Co.. .Central of New Jersey.
Androscoggin & Kennebec
NAMES
Chic. St. Paul Minn. & Omaha.
Sandusky City A Indiana
Sandusky Dayton A Cincinnati
Cincinnati Sandusky A Cleveland.
Cincinnati Sandusky A Cleveland.
San Francisco Oakland A Alameda .Central Pacific.
Savannah Albany A Gulf
Atlantic A Gulf.
Schoolcraft A Three Rivers
Scioto A Hockiug Valley
Sioux City A St. Paul
Smithtown A Port Jefferson
South Pacific (Mo.)
South Side, (L. I.)
South Side
(Va.)
Southern Georgia A Florida
Southern Minnesota
Stanstead S. A Chauibly
Steubenville A Indiana
Lake Shore A Michigan Southern.
Marietta A Cincinnati.
.St. Paul A Sioux City.
.Long Island.
St. Louis A San Francisco.
Brooklyn A Montauk.
Atlantic Mississippi A Ohio.
Atlantic A Gulf.
Chicago Milwaukee A St. Paul.
Vermont Central.
Pittsburg C. A St. Louis.
Sunbury A Erie
Philadelphia A Erie.
Tebo A Neosho
Tennessee A Pacific
Toledo A Illinois
Toledo Ixigansport A Burlington
Toledo Peoria A Warsaw ...:
Toledo A Wabash
Missouri Kansas A Texas.
Nashville Chattanooga A St. Louis.
Wabash St. Louis A Pacific.
Union A
Ixigansport
Columbus Chic. A Indiana Central.
Wabash St. Louis A Pacific.
Wabash St. Ixmis A Pacific.
Columbus Chic. A Indiana Central.
Union A Titusville
Pittsburg Titusville A Buffalo.
Virginia Central
Virginia A Tennessee
Chesapeake A Ohio.
Atlantic Mississippi A Ohio.
Wabash A Western
Waco A Northwest
West Wisconsin
Western Pacific
Western Union Railroad
Wichita A Southwestern
Winona A St. Peter
Wabash St. Louis A Pacific.
Houston A Texas Central.
Chicago St. Paul A Minneapolis*
Central Pacific.
Wisconsin Valley
Chicago Milwaukee & St. Tacik.
Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.
Chicago A Northwest.
•
INVESTORS’ SUPPLEMENT.
lxvi
Canadian Banks*
Foreign Exchange.
Foreign Exchange.
Drexel, Morgan & Co., John Munroe & Co.,
New York,
'
CORNER OP BROAD,
4
No.
NEW YORK.
file. 84 South Third St.,
81 Boulevard Hausemann
Philadelphia.
Office
Post
MUNROE
Parle.
Sc
CANADA.
President, the Hoa. JOHN HAMILTON.
8IXTY
BILLS AT
Vice-President, JOHN MCLENNAN, Esq.
DAYS’ SIGHT ON
ALEXANDERS
DOMESTIC AND FOREIGN BANKERS.
Sc
HEAD
LONDON.
CO.,
$5,500,000 Paid Up.
Capital,
PARIS.
CO.,
AND
CHEQUES
STERLING
OF
Boston.
Square,
Deposits received subject to Draft. Securities, Gold,
bought and sold on Commission. Interest allowed
Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers.
Circular Letters for Travelers,
Otboulab
Notes
Csedits
and
Tbavxlsbs.
fob
WM. J. INGRAM, Asst. General Manager/
on
available in all parts of the world.
Attorneys akd Agents or
No. 22
ST., N.
WALL
Co.,
If.,
BILLS
BANKERS, LONDON;
MANCHESTER, PAYABLE IN LONDON;
Travelers’ Credits
STERLING,
AVAILABLE IN ANY PART OF THE WORLD.
And In Francs, in Martinique and Guadaloupe.
MAKE TELEGRAPHIC TRANSFERS
OF MONEY
IN
ULSTER BANKING COMPANY,
BELFAST, IRELAND
AND ON THE
NATIONAL BANK OF SCOTLAND,
EDINBURG', AND BRANCHES;
_on Foreign
all
▲GENTS
52 WALL
COMPANY,
YORK.
STREET, NEW
BOSTON.
STATE STREET,
J. & W. Seligman & Co.,
EXCHANGE
FLACK,
CORNER BROAD STREET,
NEW YORK.
Travelers,
Issue Letters of Credit for
Payable In any par of Europe, Asia, Africa, Australis
•nd America.
Draw Bills of Exchange and make telegraphic trans¬
and California.
fers of money on Europe
FRANCISCO.
SAN
BOSTON, HASS.,
,
York.
RANKERS.
CABLE TRANSFERS, BILLS OF
62 Wall St.
THE
BARING BROTHERS Sc CO., London.
Anglo-Californian Bank
(LIMITED).
~?1 Court.
LONDON, Head Office, 3 JL
Office, 422 California St.
NEW YORK Agents, J. & W. Seligman & Co.
BOSTON Correspond’ts, Massachusetts N. B’k.
SAN FRANCISCO
Authorized Capital,
-
and Reserve,
Transact a general
$6,000,000.
-
-
1,700,060.
banking business. Issue Com¬
of Exchange, available in
IGNATX STE1NHART.)
Make
CAPITAL,
Place*
YORK.
cities of Europe.
Berlin.
SURPLUS,
-
-
.*
New York
Buy and sell Sterling
CO.,
Agents for North America
WALL
18
S3
STREET,
8TATE
YORK,
NEW
STREET, BOSTON*
Trading Society
OF
HOLLAND,
ESTABLISED 1824.
correspondents :
co.,
BOSTON.
purchase or sale of Mercbardlse, Bonds, Stocks, and other securities. In the
United States, Europe and the East; make Collections
Execute orders for the
upon
Exchange, Francs and Cable
London Offiee, No.
AGENCY
9 Blrchln Lane.
OF
THE
OLIVER S. CA
WALL
Agents
for
America
New York.
Hong Kong & Shanghai
BANKING CORPORATION.
CAPITAL (paid-up)
RESERVE FUND
HEAD OFFICE, HONG
$5,000,000
1,800,000
KONG.
of
Singapore. Saigon
Manila, Hong Kong, Foochow, Amoy, Niugpo,
Shanghai, Hankow, Yokohama, Hiogo, San Francis¬
co
STREET.
Exohange and Cable Trans¬
Issue demand drafts on Scotland and Ireland,
British Columbia, Portland, Oregon,
Ban Francisco and Chicago.
Bills oolleoted and other banking business trans¬
D. A. McTAVISH,) Ajrents
acted.
also on Canada,
W. LAWSON.
1879.
Office, 1,42 Pearl Street
and London.
A. M.
I
A*entS*
TOWNSEND, Agent, 59
Wall St.
Adolph Boissevain & Co.
,.B A N K E R 8
SIBuy and sell Sterling
fers.
J
STANTON BLAKE,
HENRY E. HAWLEY,
The Corporation grant Drafts, issue Letters
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta,
British North America,
52
advances
Merchandise for Export.
nts*
Commercial and Travelers’ Credits
available In any part of the world; issue drafts on
and make collections in Chicago and throughout
the Dominion of Canada.
No.
travelers’ credits, negotiate
merchandise, and transaet'algfineral financial commission business,
YORK AND
BROTHERS Sc
BLAKE
Atronfa
London.
bl;a;ke bbothebs &
ship/
and transact othe/
business of a financial character in connection with
the trade with the Dutch East Indies.
buy and sell Foreign Exchange, and give
OF
commeroial and
OFFICE,
Bank
loans, make advances on
ITE W
Issue commercial credits, make advances on
ments of staple merchandise,
New Yoek, January 1,
c.)
BARRON;BLAKE,
Grant
HEAD OFFICE IN AMSTERDAM.
Agencies in Batavia, Soerabaya and Samarang
Correspondents in Padang.
($14,400,000, Gold.)
General Manager.
Walter Watson,)
J
alex’k Lang,
ENGLAND.
'1
Guilders
Paid-Up Capital, 12,000,000
($4,800,000 Gold.)
The
WALL STREET.
PARTNER3:
F.
HOLLAND.
Established in 1863.
Handel-Maatschappij,
Netherland
President.
YORK
Sc 61
Nos. 59
Blake Brothers & Co.,
BROTHERS A CO., Boston and
HMTTi -LHEINKMANN,
Nederlandsch Indische
Handelsbank,
Nederlandsche
8PECIAL PARTNER,
BLAKE
Foreign Bankers.
Banks.
Transfers; grant
Telegraphic Money Transfers.
Exchange and Issue Letters of Credit
LONDON,
States by draft on New York.
L/apilalt 36,000,000 Florin*.
Paid-up Capital* OOtllvl/)UUU J
Lichtenstein,
UE17TSCHE
and
$12,000,000, Gold.
5,000,600, Gold.
-
-
NEW
BANK*
Approved Canadian business paper, payable in,
or currency, discounted on reasonable terms,
proceeds remitted to any part of the United
gold
ManageTB.
Bank of Montreal.
GEOKGE STEPHEN,
Draw Bills of
Ik all principal
payable in
of Canada.
LILIENTHAL, Cashier.
Canadian
Knoblauch
NEW
59 Wall Street.
Promptest attention paid to collections
l Managers
FRED’K F. LOW,
able terms.
C. F.rSMITHERS,
BANKERS,
29 William St., cor. Exchange
|
73 Lombard Street.
parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favor¬
P. N.
New York:
Montreal,
Agents in London :
I Agents in
Bosanquet, Salt & Co., Bank of
mercial credits and Bills
Paris.
MENDELSSOHN Sc CO., Berlin.
&
BRANCHES:
St. Catharines, Port Colborne, St. Thomas,Ingersoll,
Welland, Fergus, Woodstock, Winnipeg, Man.
Dealers in American Currency & Sterling Exchange.
AMSTERDAM,
AND
CORRESPONDENTS :
D. R. WILKIE, Cashier.
OFFICE, TORONTO.
HEAD
IN U. S. BONDS,
$4,COO,000 GOLD.
GEORGE L. BRANDER, Agent.
ISSUES Commercial and Travelers’ Credits,avail¬
able in any part of the world.
Draws Exchange,
Foreign and Inland, and makes Transfers of Money
by Telegraph and Cable.
EXCHANGE
Commercial and Travelers' Credits.
PERIER FRERES Sc CO.,
Capital, $1,000,000.
H. S. HOWLAND. Pres’t;
all
Cor. Wall and Nassau Sts., New
FOREIGN
Imperial Bank of Canada
INVESTED
SURPLUS,
Paid up
Kidder, Peabody & Co.,
payable in Scotland and Ireland, and every
description of foreign banking business undertaken.
New York Agency, 48 Exchange-place.
H«NRY HAGUE.
) A_ent_
JOHN B. HARRIS JR., { Agent8‘
any part
New York Agency,
BANKERS,
59
Bank
Nevada
The
OF
FOB
BARING BROTHERS Sc
CREDIT
California Banks.
Countries.
S, G. & G. C. Ward,
issued
ALSO.
'^ABLE;TRAN8FERS AND LETTER8 OF
and Paris.
Make Collections of Drafts drawn abroad on
points in the United States and Canada, and
of Drafts drawn in the United States
BANKERS:
LONDON, ENG.—The Clydesdale Banking Comp’y.
NEW YORK—The Bank of New York. N. B. A.
The New York Agency buys and sells Sterling Ex¬
change, Cable Transfers, Issues Credits available in
all parts of the world, makes collections in Canada
ana elsewhere, and issues Drafts payable at any of
the offices of the bank in Canada. Demand Drafts
•
through London
Between this and other countries,
BANK,
COUNTY
Sc
MANCHESTER
“LIMITED;"
ON GREAT BRITAIN AND IRELAND, FRANCE,
GERMANY. BELGIUM AND HOLLAND.
Issne Commercial and
ON
PAYNE Sc SMITH’S,
.
EXCHANGE
OF
STREET.
EXCHANGE
OF
BILLS
SMITH,
BUTT AND SELL
28
NASSAU
33
CO,,
OLD BROAD ST., LONDON.
59
No.
J. & J. Stuart & Co.,
J. 8. MORGAN Sc
Brown Brothers &
MONTREAL*
OFFICE,
GEORGE HAGUE, General Manager.
Ac.,
Messrs.
Bank
Merchants’
Street,
CHEQUES AND CABLE TRANSFERS ON
Drexel, Harjes & Co
Urexel & Co.,
•
No. 8 Wall
8TREET)
WALL
fVOL. XXXII.
AND
COMMISSION
MERCHANTS
AMSTERDAM, HOLLAND.
N. Y.
Correspondents.—Messrs. BLAKE BROS.
A CO
@FedFRASER