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Electric Railway
S E C T I O N
O F
TH E
| ] o M M E M A L " & ' p 'lN A N C IA L ^ H R O H i CLE",
E n te r e d a c c o r d in g to A c t o f C o n g ro sa In th e y e a r 19 0 9 , b y W
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, in O ffic e o f L i b r a r i a n o f C o n g r e s s , W a s h in g t o n , D . O
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1 9 0 8 .
N o .
2 2 7 9 .
In the early days of American street cars, the char
acteristic haul was a very short one. When the lines
T h e E I c c f r I c R a i l w a y S e c t i o n , I s s u e d t h r e e t i m e s a y e a r , I n F e b r u a r y , underwent the dual process of electrification and amal
J u n e a n d O c t o b e r , i s f u r n i s h e d without extra charge t o e v e r y a n n u a l s u b
s c rib e r o f th e C o m m e rc ia l a n d F in a n c ia l C h ro n ic le .
gamation, this haul was enormously increased by the
T h e R a ilw a y a n d In d u s t r ia l S e c t io n , is s u e d q u a r t e r ly , o n th e la s t S a t u r
d a y o f J a n u a r y , A p r i l , J u l y a n d O c t o b e r , i s a l s o f u r n i s h e d without extra transfer privilege over different lines in the same sys
charge t o e v e r y s u b s c r i b e r o f t h e C h r o n i c l e .
tem; and in the extensions and filling of gaps which
T h e S ta te a n d C it y S e c tio n , Issu e d s e m i-a n n u a lly , o n th e la st S a t u r d a y
o f M a y a n d N o v e m b e r , i s l i k e w i s e f u r n i s h e d without extra charge t o e v e r y followed, the companies, in effect, got no pay at all
C h r o n ic le s u b s c r ib e r .
T h e B a n k a n d Q u o t a t i o n S e c t i o n , i s s u e d m o n t h l y , i s a l s o f u r n i s h e d for their new mileage, but constructed costly feeder
without extra charge t o e v e r y s u b s c r i b e r o f t h e C h r o n i c l e .
lines to serve the older parts of the system. It would
T h e R a ilw a y E a r n in g s S e c t io n , is s u e d m o n t h ly , is lik e w is e fu r n is h e d
be more accurate, from an accounting standpoint,
w ith o u t a d d itio n a l c h a r g e to e v e r y C h r o n ic le s u b s c r ib e r .
T e r m s fo r th e C h ro n ic le , in c lu d in g th e fo u r S u p p le m e n ts a b o v e n a m e d ,
a r e T e n D o l l a r s p e r a n n u m w i t h i n t h e U n i t e d S t a t e s a n d T h i r t e e n to say that these extensions, sharing in the total fare
D o lla r s (w h ic h In c lu d e s p o s ta g e ) in E u r o p e .
paid by the passenger, almost never got a nickel for
F ile c o v e r s o f th e C h r o n ic le a r e s o ld a t 5 0 c e n t s e a c h ; p o s ta g e o n th e
s a m e i s 1 8 c e n t s . F i l e c o v e r s f o r S u p p l e m e n t s c a n b e h a d a t s a m e p r i c e . each ride they made possible; but received a propor
C H IC A G O O F F I C E — P lin y B a r tle tt , 5 1 3 M o n a d n o c k B lo c k .
tionate share which, in itself, would not have paid for
L O N D O N O F F I C E — E d w a r d s & S m ith , 1 D ra p e rs’ G a rd e n s, E .C .
construction costs. In some cases the older parts of
W I L L I A M B . D A N A C O M P A N Y , P u b lis h e r s ,
F r o n t , P in e a n d D e p e y s te r S tr e e ts ,
the
line benefitted greatly because of these extensions,
P o s t O ffic e B o x , 9 5 8 .
N ew Y o rk .
and the whole enterprise became profitable in conse
quence; in many other cases this was not so, largely be
STREET RAILWAY FARES.
Two significant facts have been brought home to cause there were unexpected additions to construction
street railway managers in the last three years; first, and operating costs.
Meantime, the idea of the long service for five cents
that they were not getting all the fares to which they
were entitled; second, that if they did get all these and the universal, or nearly universal, transfer, had
fares, the sum thus received would, in many cases, permeated thoroughly the commuinty served, and
be insufficient to pay operating costs and fixed charges when periods of franchise renewal came around, the
and leave adequate return of dividends to the investor. managers’ voluntary gift of earlier years was made
Without going into mechanical detail, it is sufficient an indispensable termin bargaining for the future.
To abandon the franchise privilege would have
to say, under the first of these heads, that in the ex
traordinarily rapid development of the street railway meant great present loss of franchises and property,
industry in the last 10 years, progress has been greater while in carrying it on, even in the face of unprofitable
in the case of the track and the power house than of operation, there was always a chance that traffic
the car. Under crowded traffic conditions, a great density would recoup the management. The normal
many passengers were not paying their fares at all, increase in traffic of American street railways has been
while of the fares actually turned in, conductors were usually not less than 6 or 7% each year, and the street
retaining liberal commissions for themselves. To railway managers and owners have noted this fact
prevent these losses, the pay-as-you-enter car was and have placed their trust in it. Realization has
introduced several years ago, and has spread over the been brought strongly to some of these managers, in
the last two or three years, however, that if operating
country with striking rapidity.
The difficulty arising from the inadequacy of the income can be counted on to increase with considera
5-cent fare, even when collected, is more deep-seated ble regularity, operating expenses can also be counted
and less easy to overcome. Indeed, the street-car onto increase. If 1901 be taken arbitrarily as the year
line of the American street railway system which can in which the period of most rapid construction and
show an average fare of five cents per passenger carried amalgamation terminated, and in which the American
throughout a single-fare zone is most exceptional. street railway system assumed somewhat its present
Constant extension of the transfer system has reduced proportions, it is noteworthy that the increases since
the average fare in many cases to around 3^ cents that time in the costs of almost all materials have
per passenger, while the unvarying tendency for many ranged from 20 to 90%, while wages have been ad
years has been to increase the length of the single vanced periodically. Previously, in spite of the in
crease in traffic, there had in many localities been a
fare haul.
I
l f x t r i c
R
a i l w
a y
S e c t i o n .
if
ELECTRIC RAILWAYS
fVOL. .LXXXVIII.
tendency for operating costs to increase per unit, the fair-minded that if the company was to earn a
per passenger carried or per car mile, while there had reasonable dividend upon investment it must increase
been a strong tendency for the average fare to decrease its earnings. The Commission added that the ex
per unit.
perience of this company was no exception. Out of
Street railway managers at last have come to realize 102 companies doing business in the State, only 12
that no enterprise can remain prosperous or even sol had for the five years prior to 1906 earned and paid
vent if the curve of its income per unit slopes down dividends amounting to 5%; only 38 of the 102 com
ward and the curve of its expense per unit slopes up panies paid any dividends in 1905, and the Boston &
ward. In the development of modern industry the re Northern earned in 1905 less than 2%.
lation which the recompenses for various kinds of
In discussing this question in 1906, the Commission
service bear to each other, as measured by the pur pointed out squarely the difficulty which has thrown
chasing power of these recompenses, has undergone so much confusion into the fare question on consoli
constant changes; but there has been a fixed tendency dated street railway properties. The Commission
for services that receive pay on a basis fixed by law recognized that the Boston & Northern systemincluded
or custom to lag behind services which have their both the paying and the non-paying smaller railways
compensation adjusted through competitive conditions of former years; but it held that in the scale against
or bargaining. A striking instance of this is found in any local loss fromcombinationthere must be weighted
the pay given to army officers or to Federal judges the fact that it was only through the consolidation
in this country, as compared with the pay which the of properties and management that the public could
same quality of service would bring in private employ. have secured quicker, more comfortable and larger
The pay or our army officers and court officers, rea service, with connecting lines and through cars, which
sonably adequate at the time it was first fixed upon now exists over the greater part of the system. The
the present basis, has in reality become smaller and Commission assumed as obvious that no company
smaller each year, owing to the decrease in its purchas could give a good service unless reasonably prosperous,
ing power as compared with living costs and with the and in the special case at hand it conceded that the
purchasing power of the income of the lawyer or busi issue of free transfers had been overdone, and that
ness man.
the original purpose of these transfers, to place travel
The situation which confronts the street railways is by way of connecting lines upon the same footing as
precisely analogous. Time was, a generation ago, tiavcl over direct lines, had sometimes dropped out
when a horse-car line working on 5-cent fares under of sight, and that transfers had been issued simply to
good conditions could pay 20% dividends; but at the extend the distance of travel for a 5-cent fare.
present time not only has the purchasing power of the
At that time the directors of the Boston & Northern
nickel grown much less, as measured by the hours of had already contemplated an advance in fares. The
employment or the quantity of materials which it can Massachusetts Commission, in 1906, did not care to
buy, but the actual service which the company gives pass upon the reasonableness of such increase, but
the public in exchange for it is enormously greater.
left the matter open.
However easy it may be to prove that a flat 5-cent
In the 1907 report the Commission took a positive
fare is in most cases too low a compensation for the position, saying that no company could carry passen
services performed by the street railway company ger nine miles for five cents over an interurban rail
operating under present conditions, the adjustment way constructed, maintained and operated like the
of the fare to meet these conditions is a matter of great Boston & Northern and at the same time pay anything
difficulty. In fact, it has as yet made no substantial out of earnings in the way of a fair return upon in
progress outside the State of Massachusetts. In vestment. This was a definite and clear statement of
Massachusetts, in spite of the irksome laws relating fact, based upon careful investigation. In the case of
to new issues of securities by public service corpora the petition of the Haverhill & Southern New Hamp
tions—laws which the Commission on Commerce and shire Street Railway Company to raise its fares, the
Industry said were stifling corporate development in Commission took the broad and constructive position
the State, in its noteworthy report last year—the gen that the justice in a change of fare of this sort may be
eral trend of public opinion is undoubtedly fair and tested by the attempt to determine what would have
conservative, and there is a strong sentiment in sup been the probable agreement between the public and
port of the rational idea that public service corpora the promoter of the enterprise when the location was
tions, like all other corporations, must be allowed to granted if it had been then foreseen that the company
make a living if the State wants to keep any of them would probably not be able to realize for some time
within its borders. Street railway development in an immediate return upon the capital expended if
Massachusetts came early, and abundant opportunity it were held to this fare, and the Commission added
has been given the managers of a number of lines to that no community could afford to drive so sharp a
demonstrate that they are not operating profitably bargain with those who would promote public enter
on 5-cent fares, and not likely to do so in the future.
prise as to insist upon an entire loss of thp capital in
If we are not mistaken, the broad question of ne vested in order to make good an assurance in regard
cessity for increased street railway earnings in Massa to fares. On the other hand, inthis instance the stock
chusetts first received public attention in the 1906 re holders might have been, and they undoubtedly
port of the Railway Commissioners of that State. would have been, asked to prove their good faith in
The Commissioners said at that time that an investi regard to this fare by subsequent sacrifice of dividends
gation of the fares of the Boston & Northern Street foi a considerable period of time; the question being,
Railway Company (operating lines between Boston for howlong a time.
and Lynn, Salem, Gloucester, Newburyport, Haver
In the report just issued, covering the year 1908,
hill, Lawrence, Nashua, Lowell, &c.) must convince the Massachusetts Commission states that in more
Feb ., 1909. j
than one instance where street railways have increased
their fares during the year, the traveling public has
recognized the justice of the act, and has acquiesced
in it without requesting the Board to reviewthe. action
of the company. The Commission states frankly that
the tendency to increase the unit of street railway fares
is founded primarily upon the decreased purchasing
power of the nickel for labor and materials, and adds
that the sustained cost of equipment, maintenance
and operation has been out of proportion to the in
creased riding by the traveling public; but it recognizes
also the fact that, regardless of the question of ab
stract justice, fares could easily be placed so high that
they would prove unremunerative to the companies
by driving away traffic, and it believes that a little
more time will be necessary to determine the level at
which the normal street car unit of fare will bring the
greatest revenue to the company without inflicting
public hardship.
While this final decision does not leave the matter
settled, it is a very noteworthy one. It pays no heed
at all to the sacred nickel as an emblem of street rail
way transportation, but believes that the business
should be conducted, like any other regulated public
service, on a basis which will return a fair profit to
the owner without working a hardship upon the users.
The question of a fair profit is fraught with such
difficulties that it bids fair to become the principal
subject about which the public utility legislation and
control of the next decade will revolve. It is very
easy to say, as the Supreme Court of the United States
has in effect said, that it is fair for a public utility to
earn the prevailing rate of commercial interest in its
own State, and this seems by common acceptance to
be placed at 6% in most States. But the practical
application of this ruling is confronted by two diffi
culties which seem overwhelming. If 6% is a fair
return and the company can only earn 3% in 1909,
shall it be allowed to earn 9% in 1910, or, as in a great
majority of cases, if dividends have been far below
the 6% level for a number of years, shall the company
be allowed to catch up by slow degrees, to catch up
all at once, or never to catch up at all ? If the company
is not allowed to make good deficiencies which occur
from year to year, then it is not being allowed to earn
the customary rate of interest. It is safe to say that
little or no capital will care to go into an enterprise
which has the ordinary, business rate of return as its
maximum but gives no assurance at all about the
minimum return.
This, in brief, is one of the overwhelming difficulties
connected with the attempt to fix the. compensation
for public utilities on a basis of the so-called ordinary
business return. The other difficulty is even more
serious. It will be recognized by all that it is to the
interest of the traveler to have short, unconnected
traction lines linked up together into a comprehensive
system. But where the lines have been financed and
built as separate enterprises, their owners may or
may not care to sell them to the amalgamation which
is operated clearly in the public interest, although
formed for private reasons. Cases like this are very
common, and if the absorbed property is a good one,
it goes without saying that the amalgamation will
have to pay something approximating the asking price
for the property, and this price will not necessarily
bear any very direct relation to replacement value.
3
ELECTRIC RAILWAYS
The law that prohibits dividends on any capital sum
above actual cost of replacement value would auto
matically prohibit the formation of small and relatively
useless transportation links into large, efficient and
useful systems.
Nowthat some half adozen Massachusetts companies
have been authorized to increase their fares to six
cents and to reduce transfer privileges, we believe that
real progress has been made in the contest against the
sacredness of the nickel. It remains for the Massa
chusetts Commission or for some other equally re
sponsible body to point out that the normal business
method of charging what the traffic will bear (not
what it will not bear) is going to bring about a far
better adjustment of street railway fares than any
theory based on costs of service or on fair replacement
values.
S U B W A Y S
A N D
E L E V A T E D
L IN E S .
The change in public sentiment regarding subways
and elevated lines, especially in New York City, has
been an interesting development of the last five years.
When the New York Rapid Transit Subway was
opened in 1904, predictions were common that the
elevated lines had seen their day; that the existing
structures would soon be torn down, and that an era
of rapid and far-extending subway construction had
set in. As regards impending subway construction
this was true, and New York, Boston, London, Paris
and Berlin have been engaged nearly continuously
since that time in adding important new routes, and
links in old routes, to their existing subway systems.
Much of this work in all five cities is now completed,
and a new phase of the situation is presenting itself.
Subway construction costs are always heavy; in some
instances they have been extraordinarily heavy, and
grave doubts are being expressed whether or not too
much has been undertaken for the compensation fur
nished by the prevailing rates of fare. In someplaces
this difficulty can be overcome by the relatively simple
means of raising fares, although even this obvious
remedy is subject to strong opposition from the con
stituted authorities.
But a difficulty more serious than this has arisen
to confront certain important examples of subway
construction that have been built since 1904. Re
gardless of regulation from outside, there are lines
where the traffic apparently will not bear a rate of
fare sufficient to pay fixed charges and show even a
small working profit. Competition of other modes
of travel and of other districts which attract travel has
been felt very sharply by some of the London lines, for
example. It is highly problematical whether an in
crease in fares on the greater part of the District Rail
way would bring larger or smaller earningsthan at
present. In spite of the costly electrification, obviat
ing the coal gas that used to frighten traffic away, and
accelerating the service, the loop line of the original
London Underground finds itself deprived of business
by various short circuits to points reached, while its
tangent lines, stretching out into suburban territory,
are highly competitive and not very profitable at best.
This is obviously a case where relief through in
creased fares must be attempted very cautiously, and
the same thing holds true, though for different reasons,
wherever a subway route is designed to build up a
certain suburban district in competition with other
4
ELECTRIC RAILWAYS
[Y o l. l x x x y iu .
suburban districts. In consequence of these causes, a So far as the discussion relates to New York City,
good many subway managers these last few years it is obvious that another possibility—that of east
have been asking themselves whether it would be and west development—may have a profound effect
possible, legally, for them to increase fares, and, if so, on the rapid transit system of the future. In a short
whether it would be of commercial advantage to do so. time the entire system of North and East River tun
The net result of this state of affairs has been a nels now building by the Pennsylvania Railroad and
general cessation of subway enterprise. It has been the Hudson & Manhattan will be in operation. The
discovered that these ventures, of the highest value Hoboken tunnels now.open represent what is doubtless
to the communities they serve, offer little inducement the least important link in the system, yet they are
to new capital, while in New York City the legislative doing a good business and are planting for the future
situation has made it substantially impossible for any in giving a new turn to commutation traffic. When
newprivate capital to interest itself in subwaybuilding, the Cortlandt Street tunnels are in operation, Hudson,
and the question of the debt limit, together with the Essex, Passaic, Union and Bergen counties will have
entirely laudable caution of the Comptroller, renders extremely quick access to down-town New York, and
it improbable that the city will at present do any the traffic arrangements which the tunnel managers
aggressive building on its own account. Meantime have made with the Pennsylvania and the Erie con
the population of all great cities, notably London and template a through suburban haul of considerable
New York, is increasing in a ratio that tends to be length at high speed.
pretty constant, and no provision is being made for The traffic possibilities of the Pennsylvania improve
this growth, except by enterprises not yet completed, ments have already been discussed in these columns.
which had their inception several years ago. Subways To what extent traffic now moving north and south
cannot be driven through New York rock on short can be diverted is a matter of speculation, but the re
notice, and it requires no gift of prophecy to foretell sistance along other lines is already so high that it
growing congestion of facilities already severely would be strange indeed if the traffic stream did not
crowded, particularly in the case of the north-and- send offshoots into the new channel.
south lines.
But there are several important facts which differen
This problem is serious enough in all great cities; in tiate these east-and-west projects fromthe rapidtransit
New York it is paramount. It is natural, under the situation on Manhattan Island, in the Bronx and in
circumstances, that there should now be a certain the most crowded parts of Brooklyn. The Pennsyl
reversion of feeling towards a mode of rapid transit vania North River tunnels and the elaborate terminal
which has performed great service—the elevated line. arrangements do not have to live on their local traf
Passing for the moment the legal phases of the ques fic; in fact, it would obviously be unlikely that they
tion, there remains the great fundamental fact that if could do so. The Pennsylvania gets perhaps a fifth
reasonable estoppal from damage suits can be had of the through passenger business from New York to
elevated lines can be built far more cheaply than Chicago at the present time; if its superb facilities raise
subways, at least under the conditions obtaining in this to a third or a half, Pennsylvania, Ohio and Indi
New York, and can therefore make a living on rates ana will be paying charges on the capital cost of the
of fare which would certainly bankrupt a subway North River tunnels. Similarly the small per-mile
sooner or later.
earnings on the East River tunnels will expand into
Elevated lines are obviously unsuited to crowded larger receipts on Long Island. The Hudson & Man
thoroughfares, where property values are high, but hattan has not this direct advantage, but it has a short
it would be quite possible to lay out additional north- haul, terminals which should at least carrythemselves,
and-south routes on Manhattan Island and north of and traffic arrangements to increase the five-cent
it, where the objections to an overhead route would fare.
be minimized. Combinations of subway and ele
It is only where a municipality asks the most costly
vated routes, such as have already been made by the transit in the world and refuses to pay more than five
Interborough Rapid Transit Company, by the Long cents a ride for it, that serious difficulties arise. Grant
Island Railroad in the case of its Atlantic Avenue ing at once the superiority of subways over elevated
improvements and by the Boston Elevated, offer lines as a means of transit in New York City, it is be
perhaps the best hope for the future, and it is plain coming pretty plain that no more of them are likely
that fixed charges will be lessened if the major portion to be built by private capital until the earning power
of the line can be placed above the ground instead of of that capital is much better safeguarded than at
beneath it.
present.
E l e c t r ic
SECURITIES
R a il w a y s .
AND
REPORTS.
This is one of our four Sections or Supplements. In using the series it is to be remembered that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news the “ Chronicle” contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street and Electric Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and
therefore in great part for the value of their securities, upon the population and activity of the country they serve. Hence
constant reference to our “ State and City” section will be found necessary by those wishing to purchase the stocks and bonds
of street roads. Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are
given at length in that publication, every one of which items is an essential fact contributing more or less to any correct
estimate of the amount of suburban travel a given road commands.
The a b b r e v i a t io n s used in our Electric Rail way statements will be found explained in a table immediately following the
last statement in this publication.
#
,
A full I n d e x , which shows Where each railway will be found, is also given on the closing pages.
ABERDEEN, WASHINGTON.
O R A Y S H A R B O R R A IL W A Y &
L IG H T C O .
O R G A N I Z A T I O N .— In 1906 w c w ere ad v ise d th a t fra n ch ises w ere all
fo r 50 years an d h a d b e e n g ra n te d w ith in 4 years p r e c e d in g th a t d a te .
O w n s a b o u t 87 a cres o f la n d an d 25 lo ts .
O perates an e le ctr ic -lig h t p la n t
In A b e rd e e n a n d a n o th e r In Ilo q u la m .
STOCKS AN D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k . $ 5 0 0 .0 0 0 ________________ ______
________
$500,000
--------------F irst
m o r tg a g e ,
$ 5 0 0 ,0 0 0 ,f 1006
6 g A -O
500 ,000 A p ril 1 1 0 3 6
___ c * l In terest a t C lt. S a v . & T r . C o ., C levelan d ,
c o ld fS l 000)
’
l
T ru ste e , o r F irst N a tio n a l B k ., N ew Y o r k .
B on d s.— A sin kin g fu n d su fficie n t to retire 2 % o f the b o n d s an n u ally at
105 an d Interest begins A p ril 1 1911.
B on d s are s u b je c t t o call on a n y
Interest date u p on 60 d a y s ’ n o tice at 105 and Interest. See V . 83, p. 155.
E A R N I N G S .— F o r calen d ar y ear 1907, gro ss, $ 1 9 3 ,7 4 4 ; n e t, a fte r ta xes,
$ 88 ,471 ; Interest, $ 24 ,719 ; su rplu s, $ 63 ,752 .
In 1906, gross, $ 15 0,07 2; n e t,
$75 ,1 4 5 ; Interest. $21 ,069 ; su rplu s, $ 54 ,076 .
R O A D .— O perates 11 '/$ m iles o f track In an d b etw een A b e rd e e n , H o qu lam and C osm op olls.
O F F I C E R S .— P r e s ., G eo. F . S to n e , S eattle; V . - P . . ,T. B. B rid ge s; S ec.
J a y D . C rary, A b e rd e e n ; T r c a s ., R . C. W h ite ; C o m p ., M in or D . C ra ry .—
V . 83, p . 155; V . 86, p . 420.
R E P O R T .— F o r calen dar years (1908 re p o r t In V . 8 8 , p 2 9 1 ):
Gross.
Net.
Charges.
Surplus.
1908
(2 14.05 m iles o f track ) . . $ 1 ,8 90,473
$80 4 ,0 4 9 $52 6,53 2 $2 7 7 ,5 1 7
1907
(214.53 m iles o f t r a c k ) . 1,909,061
813 ,3 0 6
513 ,242
300,064
1906
(204.12 m iles o f t r a c k ) . .
1 ,703,340
696 ,4 9 8
4 8 3 ,1 7 4
213 ,324
1905
(202.62 m iles o f t r a c k ) . .
1 ,552,970
654 ,140
4 7 1 ,5 0 3
182,637
O u t o f th e $27 7,51 7 surplus fo r 1908, d iv id e n d s o f $134,151 (1 A % ) w e re
p a id , le a v in g $ 1 4 3 ,3 6 6 .
O F F I C E R S .— P r e s ., H . A . E v e re tt, C le v e la n d , O .; 1st V . - P . , W ill
C h risty, A k ro n ; 2d V .- P . an d G en . M g r., Chas. C urrie, A k ro n ; T r e a s ., J. R .
N u tt, C le ve la n d ; S e c’ y , C. F . M oore, A k r o n .
G en. o ffic e s , A k r o n .— V . 8 4 ,
p . 221 , 33 7 , 1248. 1488; V . 85, p . 601; V . 8 6 . p . 230, 3 3 5 ; V . 8 7 , p . 5 4 5 ,
1605; V . 8 8 , p . 231 , 291.
ALBANY, N. Y.
U N IT E D T R A C T I O N — A tr o lle y r o a d .
T h e en tire s to c k o f th is c o m p a n y Is o w n e d b y T h e D elaw are & H u d s o n
C o.
V . 81, p. 1552; V . 82, p . 160. T h e D . A H . also ow n s th e T r o y A
N ew E n gla n d an d th e P la ttsb u rg h T r a c tio n , an d has a cq u ire d a halt Interest
In th e S c h e n e c ta d y R y ., th e N ew Y o r k S ta te R a ilw a ys o w n in g th e o t h e r
h a lf.
O R G A N I Z A T I O N .— C h artered D e c . 30 1899 as a c o n s o lid a tio n o f th e
A lb a n y R y . (ch a rte re d In 1 8 6 3 ), th e W a te r v lle t T u rn p ik e a n d R R . (ch a r
te re d In 1828) a n d th e T r o y C ity R y . (ch artered Jan . 31 186 6 ). S ec V . 6 9 .
p . 1147, 1300; V . 7 0 , p . 77.
H as c o n t r a c t w ith H u d son R iv e r E le c t r ic C o.
o f A lb a n y fo r s u p p ly o f p o w e r . V . 69, p . 541, 909 . T h e C a p itol R y . w as
AKRON, OHIO.
org a n ize d M ay 1 1891 to secu re fra n ch ise righ ts on certa in streets In A lb a n y ,
N O R T H E R N O H I O T R A C T I O N & L I G H T C O . — T r o lle y .
T h e U n ited T r a c tio n leases these rig h ts. F ran ch ises In T r o y an d A lb a n y ,
e x c e p t th a t o f th e C a p itol R y . on D elaw are A v c . (a sh o rt line on th e
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io as su ccessor In N o v . 1902 to
o u tsk irts o f A lb a n y ), w h ich expires A u g . 8 1951. are said to b e p e rp e tu a l.
th e N orth ern O h io T r a c tio n C o ., h a v in g e x c h a n g e d Its securities fo r th e
V . 7 9 , p . 269 8. H as t r a ffic agreem en t w ith A lb a n y A H u d son R R . C o.
c o m m o n and preferred s to c k o f th e la tte r p er term s In V . 7 5 , p . 733 .
In
an d th e S c h e n e c ta d y R y . C o ., b y w h ich these ro a d s o b ta in en tra n ce Into
Jun e 1906 w e w ere In form e d th a t fra n ch ises th en h ad an a ve ra ge o f 17 years
A lb a n y an d T r o y .
to ru n .
L a ter In sam e y ear to o k o v e r c o n tro l o f the C a n to n -A k ro n C on sol.
T h e C oh oes C ity R y . w as sold a t fo re clo s u re In 1904 and re o rg a n iz e d as
R y ., and guaran tees th at c o m p a n y ’ s $ 2 ,5 0 0 ,0 0 0 c o n s o l. 5s, prln . an d ln t.
C oh oes R y . C o ., w ith $120,000 s to c k an d $84 ,000 b o n d s; $11 9 ,1 0 0 o f th e
V . 83, p. 435 , 849. A ls o ow ns entire capital s to c k o f the A k ro n W a d sw o rth
s to c k an d all o f th e b o n d s o f th e n ew c o m p a n y are d e p o s ite d w ith th e Cen tral
& W estern T ra ction C o. and guaran tees Its b o n d s, prln. and ln t.
In S ep t.
T ru s t C o. o f N ew Y o r k as s e cu rity fo r b o n d s o f th e A lb a n y R y .
1907 N orth ern O h io T r a c . & L igh t sh areholders w ere offered $ 1 ,0 0 0 ,0 0 0 o f
A cq u isitio n o f H udson V a lle y .— In D e c. 1906 a c q u ir e d a m a jo r it y o f th e
new s tock at $20 p er share, pa ya b le 2 5 % each S e p t. 20, O cU 20, N o v . 20
s to c k an d b o n d s o f th e H u d son V a lle y R y . C o ., a n d Increased Its ow n
an d D e c. 20. T h is new s to ck Is Inclu ded In to ta l be lo w .
s to c k fro m $ 5 ,0 0 0 ,0 0 0 t o $1 2 ,5 0 0 ,0 0 0 t o finance th e p u rch a se . V . 84, p . 52.
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu rity .
STOCK A N D BO N DS—
D a te.
In terest. O utstanding. L ast d l v .,A c
C o m m o n s t o c k , $10,000,0001 ------2 Q -M 1 5
$ 9 ,0 0 0 ,0 0 0 M a r.’ OO.J* %
S t o c k (p a r $100) $ 1 2 , 5 0 0 , 0 0 0 . ------4 J -J
$ 1 2 ,5 0 0 ,0 0 0 Jan ’ 0 9 , 2 %
(par $ 1 0 0 ) _________________ /
D e b e n tu re s, $ 4 5 6 ,0 0 0 , g o ld ) 1901 4%i g M -N
456 ,0 0 0 M ay 1 1919
A k B ed A C lev 1st M , $300,-1 1895
5 g M -S
300 ,000 S e p t 1 1915
( $ 1 , 0 0 0 ) ___________________r j l n t . a t N a t. C om m ercia l B a n k , A lb a n y .
000 ($1,000);M cov ers2 7 .4 m J In te re st a t Cen tral T r . C o ., N . Y . , T ru ste e .
C ons m o r t, $ 6 ,5 0 0 ,0 0 0 , g o ld ) 1904 4 A g J -D
2 ,5 8 8 ,0 0 0 Ju n e 1 2004
N orth ern O h io T r a c tio n , m o r tf 1899
5 g J -J
$ 2 ,700,000 J u ly 1 1919
( $ 1 , 0 0 0 ) _________________ c * j l n t . a t C en tral T ru s t C o ., N . Y . , T ru ste e.
g , $ 3,000,000 ($ 1 ,0 0 0 )_ _ c * ( In te re st a t Cen tral T ru st C o ., N . Y . , T ru stee;
B o n d s.— O f th e co n s o l, m tge. o f 1904, $ 3 ,9 1 2 ,0 0 0 Is reserved t o retire p rior
.
I o r D im e S avin gs A B a n k in g C o ., C leveland
liens. N o sk. fd . an d b o n d s are n o t s u b je c t to ca ll.
D ire cto rs m a y fix rate o f
N orth ern O h io T r a c tio n A1 1903 4 A 5 g J-J
2 ,800,000 Jan 1 1 9 3 3
in te re st, b u t n o t e x c e e d in g 6 % ; presen t Issue Is a t 4 A % . T h e d e b e n tu res
L ig h t 1st co n s o l ( $ 1 ,0 0 0 ) ,l i n t , a t C lt. S av in gs A T r . C o ., C lc v e ., trusm a y be called on a n v Interest d a te o n th ree m o n th s ’ n o t ic e a t “ a 5 % In terest
g o ld , $ 7,500,000 ________ c * j
t e c , o r at First N a t. B a n k , N ew Y o r k .
rate fo r th e u n e x p lrcd term as c a lcu la te d In sta n d a rd in te re st ta b le s .”
Col T r Cou N otes ( $ 1 , 0 0 0 ) . . . / 1906
6 Q M
$600,000 S ep t 1 1909
V . 7 3 , p . 1113.
\ In t. a t C lt. S a v . A T r . C o ., C le v e ., T ru stee.
S E C U R IT IE S O F A L B A N Y R A IL W A Y .
A k . W a d s & W est m o r tg a g e ,) 1906
5 g
See te x t J u ly 1 1933
STOCK AN D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
$500,000 guar ( $ 1 , 0 0 0 ) . . . ]
F ifth m o r tg a g e .............................. 1888
5 M -S
$32,000 S e p t 1 1913
B on d s.— O f th e $ 3,000,000 N orth ern O h io T r a c tio n b o n d s . $30 0,00 0 are
C on sol M ($ 5 0 0 ,0 0 0 ), g o ld ]
1890 5 g J-J
428 ,000 Jan
11930
reserved to retire the A k B ed A C lev. gen . m tg e . o f 1895.
B on ds listed
( $ 1 ,0 0 0 ) _________________ c * f
Interest a t Cen tral T ru s t C o ., N ew Y o r k .
o n P h ila d elp h ia S to c k E x ch a n g e In O ct. 1901. O f the $ 7 ,500,000 N orth ern
G eneral m o r tg a g e , $750,000,1
1897 5 g J -D
496 ,000 Ju n e 1 1947
O h io T r a c tio n A L ig h t c o n s o ls. $ 3 ,000,000 are reserved t o retire the N o rth .
g o ld _____ __________ _________J Cen tral T ru st C o ., N ew Y o r k , T ru ste e.
O h io T r a c tio n b on d s and $ 1,700,000 are held fo r fu tu re requ irem en ts;
Leased line secu rities—
$1,0 0 0 ,0 0 0 arc 5s, all ou tsta n d in g ; th e rest 4s. T h e co u p o n n otes are se
W at T A R R —
f 1889
6 M -N
$350,000 M ay 1 1919
c u red b y p led ge o f $400,000 N o r. O h io T r a c . A L t. 4s, $335,000 C a n .-A k r.
1st M ln t g u a r ............. ............(B o s to n S afe D e p . C o. A T r . C o ., B o s to n , T r .
C on s. R y . 5s an d $200,000 A lt. W a d s. A W est. 5s. T h e y are red eem a b le b e
2nd M , p & ln t g u a r _______ I 1890 6 M -N
150,000 M ay 1 1919
fore S ep t. 1 1907 a t 101; u p .to S ep t. 1 1908 a t 100 % , an d th e re a fte r a t 100 'A.
(M e tr o p o lita n T ru s t C o ., N . Y . , T ru ste e.
See V . 8 3 , p. 819 , 891.
T h e A lb a n y R y . gen . m o r t. o f 1897 w as fo r $75 0 ,0 0 0 , o f w h ic h $254,000
w as re se rve d , b u t co n s o lid a tio n m akes reserva tion In o p e ra tive .
Canton-Akron Consolidated Railway.
S E C U R IT IE S O F T R O Y C IT Y R A IL W A Y .
STOC K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
D a te.
Interest, o u tsta n d in g.
M a tu r ity .
C on sol M $ 2 ,5 0 0 ,0 0 0 , g o ld ,) 1906
5 g J -J
$ 1 ,0 2 6 , 0 0 0 Jan 1 1 9 3 3
T
r
o
y
C
ity
1st
c
o n M .g , $2.-1
1892 5 g A -O
$ 2,000,000 O ct 1 1 9 4 2
guaran teed b y N orth ern 0 ) l n t . at C lt. S a v . A T r . C o ., C le v e ., T ru stee.
0 00 ,000 ____________ c * A r /T n te r e s t p aid b y T ru ste e . Cen tral T ru s t C o .N .Y .
T ra ction & L ig h t -----------------) o r First N a t. B a n k , N ew Y o r k .
T h e T r o y C ity leased ro a d s Inclu de T r o y A C o h o e s, s t o c k $ 5 0 ,0 0 0 , d iv i
C a n to n -A k ro n 1st m o r tg a g e ,) 1902
5 g M -S
1,150,000 M ch 1 1922
d e n d s u n d e r lease 7 % ; L a n sln g b u rg & C oh oes, s to c k $15 ,0 0 0 , d iv id e n d s
$ 2 ,0 0 0 ,0 0 0 , g ($1,000) - - c * ] I n t . a t K n ic k e r b o c k e r T r . C o ., N .Y ., T ru stee
u n d e r lease, 7 % ; T r o y A L a n sln g b u rg , s to c k $70 0 ,0 0 0 , o w n e d b y T r o y
C a n ton -M asslllon 1st m o r t ’g c , f 1900
5 g M -N
850 ,000 M ay 1 1920
C ity R y .; to ta l $ 76 5,00 0. T h e W a te rfo rd A C oh oes R R . , $25 ,000 s t o c k ,
$ 1 ,0 0 0 ,0 0 0 , g , ($ 1 ,0 0 0 )___ (In te r e s t a t C levelan d T ru s t C o ., tru stee, or
rece ive s 7 % y e a rly u n d er lease.
l a t S t a n d a r d T r u s t C o ., N e w Y o r k .
1st M Can & N P , $ 1 ,000,000 ,1 1903
5 g F -A
565,000 F eb 1 1 9 2 3
D I V I D E N D S .— F irst q u a rte r ly d iv id e n d , I X % . w as p aid M ay 1, 1 90 0:
gold ( $ 1 , 0 0 0 ) ....................c * \ I n t . a t A m . L oa n & T r . C o ., B o s to n , T ru ste e .
sam e rate c o n tin u e d u p t o and Inclu din g J u ly 1906.
F o r q u a rte r e n d in g
T u s R R 1st M , $ 1 0 0 ,0 0 0 / 1896
6 g J -D
1 0 0 , 0 0 0 Jun e 1 1916
O ct. 1906 I A % w as paid and fo r tw o m o n th s e n d in g D e c. 1906 1 % w a s
($ 5 0 0 ), g o ld ..............................l i n t , a t C leveland T r . C o .. C le v e ., O ., T ru s te e .
p a id .
O n D e c. 31 1906 s to c k w as Increased fro m $5,0 0 0 ,0 9 0 to $ 1 2 ,5 0 0 ,0 0 0
T u s E le c Co 1st M ........................f 1890
5 M -N
100,000 M ay 1 1910
and d iv id e n d s m a d e sem i-an n u al ( f - J ' ;,nd 2 % paid J u ly 1 1907, 2 %
l i n t , a t S a v . A T r . C o ., C le ve la n d , T ru stee.
J a n . 1 1908 a n d 2 % J u ly 1 1908.
In 1909, J a n ., 2 % .
C a n -A k
2d
M,
$300,0001 1906
5 g M -N
300 ,000 M ay 1 1909
H O A D .— O p era tes 95.52 (In clu d in g th e C oh oes R y .) m iles o f t r a c k , o f
($ 1 ,0 0 0 ), g o l d .........................( l n t . a t C lt. S a v . & T r . C o ., C le v e ., T ru ste e .
w h ic h 7 6 .6 5 m iles o w n e d , c o n n e c tin g A lb a n y , T r o y , C oh oes, R en sselaer.
L a k e V L A I m o r tg a g e .........................
5 J-J
61,000
See te x t
W a t e r v lle t , L a n s ln g b u rg , G reen Isla n d , W a te r fo r d , & c.
H as 434 c a r s ,
In clu d in g 13 sn o w -p lo w s , 9 sw eep ers and 12 se rv ice ca rs . Carriese x p ress
B on d s.— O f the $2,5 0 0 ,0 0 0 new b o n d s , $50 0,00 0 arc reserved to retire
an d lig h t fre ig h t.
S ta n d a rd gauge.
the T u s. R R . and T u s. E le c. C o. Issues, an d C a n .-A k . 2d m tg e . b o n d s.
A N N U A L R E P O R T — Y e a rs e n d in g June 30 th :
O f the $ 2,000,000 C a n ton -A k ro n 1st m tg e s ., $85 0,00 0 are reserved to retire
1908.
1907.
|
1908.
1907.
the C a nton-M asslllon b on d s.
N either Issue s u b je c t to call.
T h e C a nton$ 8 6 0,68 8
G ross c a m s ..$ 1 ,9 9 8 ,2 3 7 $1,956,441 |Total n e t ____ $839,773
A k ro n R y . 2d 5s are s u b je c t to call as a w hole on a n y Interest d ate at 101
1,1 8 7 ,7 3 5 |Fixed charges
386 ,556
3 4 9 ,9 2 5
an d Interest. T h e C a n to n -N e w P h iladelph ia b o n d s m a y be called as a O p c r. e x p ____ 1,3 0 5 ,4 4 6
692,791
768 ,7 0 6 | D lv ... * ( 4
) 500 ,000 * (4 .9 1 6 )4 3 7 ,4 8 5
N e t ____ - _____
w h ole at 105 an d Interest on 3 m o n th s’ n o tice . T h e L a ke V iew L . & I.
O th e r In c o m e .
146,982
9 1 ,982 (B a la n ce, s u r . .
g4 6 ,7 8 3
73,278
b on d s m ature $2,000 a n n u ally to 1915, w hen w h o le Issue falls d u e .• In clu d es d iv id e n d s p a y a b le J u ly 1 1908 an d J u ly 1 1007, re s p e c tiv e ly .
D ivid en d s.— D iv id en d s w ere begu n In 1906 b y th e d e cla ra tio n o f 2 % ,
x
D
eficit.
p a y a b le In Installm ents o f 'A % fro m Jun e 15 1906. V . 82, p . 1213.
In
O F F I C E R S .— P re s., L . F . L o r e c , N ew Y o r k ; 1st V . - P . , C. S. S im s; 2d
1907 2 % w as again d ecla re d , p a y a b le In qu a rte rly Installm ents from Jun e
V . - P . , W . H . W illia m s. N ew Y o r k ; S ec. and T r e a s ., Jam es M cC redle, A l
15 1907.
In 1908, Ju n e, 'A % .
R a te th en r e d u c e d , an d d eclared S e p t.
b a n y ; A u d it o r .
J . G les; G en . M g r., E d g a r S. F a sse tt; S u p t., Chas. I I .
1 4 % ; D e c ., H % .
In 1909. M arch, \ {% .
S m ith ; T r a ffic M gr., Chas. H . A rm a ta g e ; C o m p t., W . II. D a v ie s. P rin ci
P L A N T .— In clu d in g C a n ton A k ro n C on sol. R y ., o p e ra te d on Jan . 1 1900
pal o ffic e , A lb a n y .— V . 83, p . 1381; V . 84, p . 932, 1368, 1429.
214 .05 m iles o f tra ck .
Line e x te n d s fro m C leveland th rou gh A k ro n , C an
(1) H u d son V alley R a ilw a y .— A tr o lle y r o a d .
t o n , M assillon and N ew P h iladelph ia to U hrlchsvllle In T u scaraw as C o u n ty
In D e c. 1906 a m a jo rity o f th e s to c k and b o n d s w as a cq u ire d b y th e
w ith bran ch es to R a v en n a (v ia K e n t ), to W a d s w o rth (v ia B arberton) and
U n ite d T r a c tio n C o o f A lb a n v . V . 84. d . 51.
to blast G ieen vllle from M assillon. O w ns L a k eside P a rk In A k ro n and
O R G A N I Z A T I O N .— In c o r p o r a te d A u g . 15 1901 as a co n s o lid a tio n o f t h e
M eyers Lake Park In C a n ton . A lso ow ns 1,011 acres o f coal land In N oble
G len 's Falls, S a n d y Hill A F o rt E d w ard Str< et R y ., W arren C o u n ty E le c tr ic
C o u n ty .
K ails, 50, 56, 70 and 8 0 -lb . T and 7 3 -lb . girder, sta n d a rd -g a u g e ;
R y ., S tillw ater A M cch an lcv llle Street R y .. G reenw ich A S ch u v le rv llle
op era tes 280 ears and 7 s n o w -p lo w s an d sw eep ers.
E m b ra ce s ele ctric-lig h t
S treet R y . C o .. S aratoga T ra ctio n C o. ,and S a ratoga N orth ern R y ., th e
system s of A k ron am i B a rb e rto n .
6
ELECTRIC RAILWAYS
c a p ita l s t o c k o£ these road s b e in g e x ch a n g e d fo r s to ck In the new c o m p a n y .
•See " C h r o n ic le ,” V . 7 3 , p . 31)1. Carries fre ig h t a n d express as w ell as
pa ssen gers. 8 0 % p riv a te rig h t o f w a y . F ran ch ises are all p e rp e tu a l.
O w n s all th e s to c k ($200,000) and all the b o n d s ($200,000) o f th e N orth
R iv e r R y . , a r o a d op e ra te d In Saratoga b y this c o m p a n y .
In 1906 p a rt o f th e c o n s o l. 5s w ere co n v e r te d Into de b e n tu re s In a c c o r
d a n c e w ith a p la n fo r th e re -a d ju stm e n t o f th e c o m p a n y ’s fin a n ces.
V . 82,
p . 1040.
In M arch 1906 cre a te d $2,500,000 p re fe rre d s to c k to p r o v id e fo r
th e c o n v e r t ib le fe a tu re o f th e d e b e n tu re " B s . ”
V . 8 2 , p . 751.
S T O C K A N D B O N D S .—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 3 ,0 0 0 ,0 0 0 , par $ 1 0 0 ................................
$3 ,0 0 0 ,0 0 0
..................
P referred
($ 2 ,5 0 0 ,0 0 0
( s e e ) ____
___________
S ee text.
..
t e x t ) , 5 % n o n -c u m u la tlv e j
F irst c o n s o lid a te d m o rtg a g e l 1901 5 g J J
2,22 2 ,0 0 0 J u ly 1 1 9 5 1
$ 4 ,0 0 0 ,0 0 0 (d en om in a tio n (-Interest at M anu factu rers’ N at. B a n k , T r o y
$1,000 g o l d ) .......... .............. c*J M ay be ca lle d at 110 & In t. on a n y Int date.
C ollateral tru st $ 6 5 0 ,0 0 0 ............ 1906
5 g
$500,000 M ch 1 1911
D e b . “ A ” I n c o m e $ 7 0 0 ,0 0 0 ____ 1906
5 g
4 74 .000 Jan 1 1 9 5 1
D e b . " B ” In c o m e $ 2 ,5 0 0 ,0 0 0 .
1906
2 g
2,500,000 Jan 1 1951
U nderlying L ie n s —
G F S H & F E first M (n o o p ) l 1891
6 J-J
100,000 J u ly 1 1 9 1 1
$500 a n d $1,000) g o ld -------c lC e n tr a l T ru st C o ., N ew Y o r k , T ru ste e .
do
2d M ($500) g o l d . . c j 1893
6 J-J
50,000 J u ly 1 1 9 1 3
1 In t. at M erch ants’ N a t. B a n k , G lens Falls.
do
3d M ( $ 1 5 0 , 0 0 0 )
1 1901
6 A -O
82,000 A p ril 1 1921
(M a y be called a t 100 o n A p ril 1 1902.
S till & M ech first m o r t g a g e .. ] 1893
6 A -O
47,500 A p ril 1 1913
(B a n k o l D . P o w e rs & S on s, T r o y , N . Y . T r .
do
d o c o n s o l m o r tg a g e l 1898
6 A -O
202.500 A p ril 1 1913
$ 2 5 0 ,0 0 0 -------------------------------J Glens F alls T ru st C o ., Glens F alls, T ru ste e .
B on d s.— O f th e $4,00 0 ,0 0 0 m o rtg a g e o f 1901, $482,000 Is set asid e fo r
p r io r liens and $ 1 ,2 9 0 ,0 0 0 h ave been d e p o s ite d as collateral fo r the co lla te ra l
tru st 5s.
T h e d e b e n tu re “ B ” bo n d s are co n v e r tib le Into p referred s to c k
fr o m M arch 1 1908 to 1917, In clu sive.
U p to F e b . 15 1909 n on e h ad been
so con v erted .
C ollateral tru st 5s are re d eem able at p ar an d interest on
30 d a y s ’ n o t ic e .
In terest o n th e de b e n tu re “ A ” an d “ B ” b o n d s Is n either
cu m u la tiv e n o r o b lig a t o r y .
R E P O R T . — F o r fiscal y e a r e n d in g Ju n e 30 1908, gross, $ 63 4,30 7- n e t.
$ 1 7 4 ,7 0 6 ; fix e d ch arges, $ 21 5,37 7; d e ficit, $ 4 0 ,6 7 1 .
*
R O A D .— M ain line e x te n d s fro m T r o y n orth w a rd a lo n g th e H u d
s o n t h r o u g h th e villa ges an d to w n s o f W a t e r fo r d , M ech an lcvllle S t ill
w a te r, S ch u v lervlU e, T o m -o n , F o r t E d w a r d , S a n d y H ill Glens’ Falls
an d C a ld w ell t o W a rre n s b u rg . T h e S a ra to g a D iv is io n , w h ich bran ch es o il
th e m ain line at M ech a n lcv llle . p r o v id e s a line fro m T r o y to R o u n d L ake
B a llston S pa and S aratoga , w ith a b ran ch from S aratoga Springs t o G lens
F a lls, v ia S ou th G lens F alls, w h ich b ra n ch w as co m p le te d In Ju n e 1903.
T h e re Is also a bra n ch line fro m S a ra to ga Springs to K avdeross P ark on
S a ra to g a L a k e a n d a n o th e r fro m T h o m s o n to G re e n w ich . T o t a l first track
1 1 1 .9 3 m iles; se c o n d tr a c k , 3.83 m .: sid in gs, 9.73 m .; m akin g a to ta l o f
1 2 5 .4 9 m iles o f tr a c k .
R a lls, 60, 70 an d 8 0 -lb . T a n d 140 -lb. g ird e r. S ta n
d a r y g a u g e.
O perates 102 p assen ger cars, 7 sn o w p lo w s, 2 e le ctr ic l o c o
m o t iv e s a n d 7 express cars. C o m p a n y ow n s K a y d e ro s s P a rk , a t S a ra to ga
L a k e ; O n d a w a P a rk , b e tw e e n G reen w ich a n d T h o m s o n ; F o r t W illia m
H e n r y P a rk a n d th e n e w F o r t W illia m H e n r y H o te l a t L a k e G eorge —
V . 8 3 , p. 155, 213 , 1098; V . 8 4 . p . 51, 1306.
[V O L . LXXXV I1I.
T ra ctio n C o. tra ck s from R e a d in g , thus form in g a th rou g h lin e from A lle n
tow n t o R ea d in g
STOCK AN D BO N DS.
D a te.
In terest. Outstanding.
M a tu r ity .
S t o c k , $ 7 5 0 ,0 0 0 . $ 5 0 ........................................................
$250,000
..................
F irst
m o rtg a g e ,
$ 25 0,0 0 0 ,j 1900 5 g J-J
250 ,000 J u ly 1 1 9 3 0
g o ld , $10 0, $500 an d $ 1 ,0 0 0 /In te r e s t a t F id e lity T ru st C o .. P h ila ., T ru stee
First, M K u t z t o w n * F le e tw ’ d ) 1902 5 g J-J
200 ,000 Jan 1 1 9 3 2
$ 2 0 0 ,0 0 0 , g u aran teed p & If
First con sol m tg e $750,0001 1902 5 g J-J
3 00 ,000 J u ly 1 1 9 3 2
g old ($500 & $1 0 0 0 ) - - c & r /I n t . a t I n te g .T itle I n s . * T r .C o ..P h ila . T ru s.
L oa n s a n d n otes p a y a b le June 30 1 90 7----------------------68,645
..
B o n d s.— O f th e $75 0,00 0 o f new con sols, $450,000 are reserv ed to retire
p rior lien s. T h e y are s u b je c t to call at par a fte r J u ly 1 1917; n o sin k in g
fu n d . T h e first m o itg a g e b on d s are re d e e m a b le a fte r J u lv 1 1910 a t p a r.
E A R N I N G S .— F o r y ear en d in g D e c. 31 1907, gross, $16 4,47 8: n e t. $ 5 2 .
726.
In 1906, gross. $ 17 5,06 3; n e t, $73 ,912 .
R O A D .— O perates 39.60 m iles m ain l in e ,7 .5 0 m iles sidin gs— t o t a l , 4 7 .1 0
m iles; 42 cars.
O F F I C E R S .— P res., It. E . A h ren s, R e a d in g : V . - P . , H . P . R o c p e r ,
H a m b u rg ; S e c ., S. H . H o d m a n , M au ch C h u n k ; T re a s ., G eo. B . S ch a effer,
R ea d in g ; S u p t., I. S. R u th , A lle n t o w n .— V . 8 1 . p . 1492; V . 82, p . 216.
AMSTERDAM, N. Y.
A M S T E R D A M S T R E E T R R — T h is ro a d , to g e th e r w ith th e C u y a d u tta
E le ctric R y .. w as c o n so lid a te d In D e c. 1902 w ith th e F o n d a J oh n stow n &
G lov ersv llle R R .
S ee sta te m e n t o f th e la tte r In “ R a ilw a y and In du strial
S e c t io n .”
_________ —
________
ANDERSON, IND.
IN D IA N A U N IO N T R A C T IO N C O — A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n co rp o ra te d In In d ia n a o n Jun e 9 1903.
L eases
U nion T ra ctio n C o. o f In d ian a fro m Jun e 30 1903 fo r 999 years.
F or term s
see th a t c o m p a n y b e lo w .
In D e c. 1905 a cq u ire d the In dian a N orth ern
T ra ctio n C o ., s u b je c t to $500,000 m tg e ., prln. and Int. o f w h ich Is gu aran
teed b y In dian a U n ion T r a c . C o . V . 81, p. 1848. In A p ril 1906 acqu ired
en tire c o m . sto ck ($500,000) o f the M u n cle H a rtf. & F t . W . R y . V . 82, p .
805 , 869 , 1041.
In Ju n e 1906 leased th a t c o m p a n y , and In ad d ition to o p
eratin g e x p ., Int. o n b o n d s, A c ., pays a rental e q u iv a le n t to 5 % on Its
$ 5 0 0 , 0 0 0 c u m u la tiv e preferred s to c k .
See V . 8 3 , p . 96.
In Jun e 1906
a cq u ire d th e ro a d o f th e M uncle & U nion C ity T r a c tio n C o. fro m U n ion C ity
t o M uncle. O w ns th e c o m p a n y ’s e n tire $50 0,00 0 s t o c k a n d g u aran tees Its
b o n d s, principa l a n d Interest. V . 8 3 , p . 96.
STO C K A N D B O N D S.
D a te.
in terest. O utstanding.
M a tu r ity .
S t o c k , $ 5 ,000,000 ($ 1 0 0 )................................................... $ 5 ,000,000
..................
First m o rtg a g e $5,000,0001 1903
5 g A -O
1 ,2 5 0 ,0 0 0 J u ly 1 1 9 3 3
$1,000) g o l d - . . ................. c * | In terest a t G irard T ru st C o ., P h ila ., T ru stee.
In d ia n a N orth T r a c first m tg e l 1903
5 g A -O
500 ,000 O ct 1 1933
$500,000 g o ld ($100, $500 In terest a t T r e n to n (N . J .) T ru st & S a fe D e
an d $1,000) g u a r ............... c *
p o s it C o ., T ru ste e .
5 g J -J
1 ,9 8 3 ,0 0 0 Jan 1 1 9 3 5
M H & F t W first m o rtg a ge 1903
$1,000,000 g o ld ($ 1 ,0 0 0 )c* In t. a t G u ard. S a v .A T r .C o .,C le v e ., T ru stee.
M un & U n C M $925,000
1906
5 g J-J
925 ,000 J u ly 1 1936
gu aran teed g o ld ($ l,0 0 0 )c * In t. a t F id e lity T r u s t C o ., P h ila ., T ru stee.
B o n d s.— O f th o $5,000,000 b o n d s o f 1903, $ 3 ,7 5 0 ,0 0 0 are reserved fo r
exten sion s and Im p ro v e m e n ts, b u t can o n ly be Issued w h en net earnings are
l \ i tim es Interest charges o n o u ts ta n d in g b o n d s o v e r and a b o v e ren ta l
p a y m e n ts t o U nion T r a c tio n C o. S in k in g fu n d , 1 M % p e r a n n u m o f o u t
sta n d in g b o n d s, b e ca m e o p e ra tiv e o n J u ly 1 1904. F u nd Is t o b e In vested
ALLENTOWN, PA.
in th e b o n d s at n o t a b o v e 105 an d Interest, a n d b o n d s m a y be draw n for
L E H IG H V A L L E Y T R A N S I T C O .— A tr o lle y r o a d .
th e sin k in g fu n d a t th a t p r ice , b u t are n o t o th erw ise s u b je c t t o call until
O R G A N I Z A T I O N .— I n co rp o ra te d In P e n n sy lv a n ia on N o v . 3 1905 and
a fte r J u ly 1 1908, w hen all m a y be re d e e m e d a t 105 an d Interest on a n y
Is a reorg a n iz a tion u n d er fo re clo su re o f the L eh igh V a lle y T raction C o ., th e in terest d a y . T h e In d ian a N orth ern T r a c tio n b o n d s are s u b je c t t o call at
P h ila d elp h ia & L eh igh V a lle y T r a c t io n , th e A lle n to w n & S la tln g to n and
105 and Interest o n six w e e k s ’ n o tice .
V . 82, p . 805 . T h e M uncle H a r tfo r d
th e C o p la y E g y p t & Iron ton Street R y .. as p e r plan In V . 79, p. 7 3 3 . 1462.
& F o rt W a y n e b o n d s can be called Jan . 1 1925, o r a fte r, a t par. A sin kin g
U n d e r agreem en t m a d e In J u ly 1907 ears o f th e L eh igh V a lle y T ran sit fu n d on those bo n d s o f 21$ % o f gross earnings p e r an n u m b egan J u ly 1 1905,
h a v e th eir P h ila d elp h ia term in al In th e P h ila d e lp h ia R a p id T ra n sit sta tion
See V . 80, p . 1059. T h e M uncle & U n ion C ity b o n d s are s u b je c t t o ca ll
a t C h estn u t H ill.
V . 8 5 , p . 99.
In 1908 sta rted th rou gh tr o lle y freight a fte r five y ears at 105; are g u a ra n te e d , p r in c ip a l a n d In terest, b y In d ia n a
s e r v ic e b etw een A lle n to w n a n d P h ilad elp h ia.
U n ion T r a c tio n Co.
A ls o leases th e Q u a k e rto w n T r a c tio n C o . fo r $15,000 p er an n u m .
S tock.— L isted on P h ilad elp h ia S to c k E x ch a n g e In M ay 1905.
O w ns th e fo llo w in g s to c k s an d leases;
E A R N I N G S .— F o r the calen dar y ear 1907 w ere; G ross, 5 2 ,0 8 0 ,2 3 3 ; n e t,
..
„
„
C a p . stock.
$978 034; fixed ch arges, Inclu din g d iv id e n d s on sto ck s o f U nion T r a c tio n of
N am e o f C om pany—
Owned. T otal issue
In
dian
a and M uncle H artford & F t. W a y n e R y ., $95 8,01 1; surplus, $ 2 0 ,
$150 000
A lle n to w n E lectric L ig h t & P o w e r C o. (co m m o n ) .............$150,000
022.
In 1908, gross, $ 1 ,9 4 3 ,1 0 1 ; n e t, $9 4 7 ,8 3 5 .
do
do
do
do
(preferred) ____
10,000
150.000
R
O
A
D .— B esides th e c it y lines In M a rlo n , A n d e r s o n , M u n cle, and
Q u a k ertow n T r a c tio n C o _____________ _______________ _____ 275,000
300.000
♦ C hestnut H ill & S p rln gh ou se T u rn p ik e R o a d C o ______ 69,300
E lw o o d , ow n s an ln teru rb an ro a d fro m A n d e rs o n (v ia L ln w o o d . A le x
70.000
S la tln g to n P o w e r C o ......................................................................._ 50,000
_
a
n
d
ria
,
S u m m ltv llle , F a lr m o u n t, J o n e s b o r o , Gas C ity an d S old iers’
50.000
R ltte r sv llle H otel C o ....................................................................... 100 '666
H om e) t o M arlon , w ith a b ran ch fro m A le x a n d r ia (v ia O restes an d D undee)
100.000
All
A lle n to w n & S ou th A lle n to w n S t. R y __________________
t o E lw o o d , and fro m E lw o o d t o T ip t o n ; a ls o an In tcru rb an line from
(?)
A lle n to w n * S ou th A lle n to w n B ridge C o ______________
A ll
M u n cle. v ia Y o r k t o w n , D a lc v llle , C h esterfield, A n d e rs o n , P e n d le to n ,
(?)
L ea se o f A lle n to w n & C o o p e rsb u rg T u rn p ik e Co.
In g a ll 3 , F o r tv llle , M cC o rd svllle an d L a w r e n c e , t o In dia n a p o lis; also an
L ea se o f B eth leh em & N azareth P a ssen ger R a ilw a y C o .; lease Is fo r 999 ln teru rb an line fro m L o g a n s p o r t, v ia K o k o m o , T ip t o n , A tla n ta , A r c a d ia ,
years a t 5 % on s to c k and b o n d s.
C icero, N o b le s v illc , C a rm el, B ro a d R ip p le , t o In d ia n a p o lis , an d from Peru
B y ow n ersh ip o f a m a jo rity o f the s to c k o f the A lle n to w n E le ctric L ig h t & t o K o k o m o ; to ta l tra ck agg re g a te s 210 m iles o f ln teru rb an an d 50 m iles o f
P o w e r C o. an d all the s to c k o f th e S la tln g to n P o w e r C o ., it c o n tro ls the c it y lines, sta n d a rd g a u g e . A ls o a line fro m A n d e rso n to M id d letow n ,
business o f th e fo llo w in g lig h t, h ea t an d p o w e r co m p a n ie s:
10 m iles, p u t In o p e ra tio n A u g . 1 ,1 0 0 5 ; likew ise In d . N o rth . Trac. 20 m iles
o f tra ck betw e e n M arlon and W a b a sh , a lso M uncle I la r t f. & F t. W a y n e R y .,
A llen tow n E le c tr ic L ig h t & P o w e r Co.
B eth leh em E le c tr ic L ig h t C o.
1 L ea sed t o th e A lle n to w n E le c tr ic 42 m iles, from M uncle t o BlufTton, v ia E a to n , H artford C ity, M ontpelier.
K e y s to n e an d P o n e to an d M un. & U n ion C ity , 54 m iles, fro m U nion
S ou th B eth leh em E lec. L ig h t C o .j
L ig h t & P o w e r C o.
C ity t o M u ncle; to t a l, 365 m iles o f t r a c k . T h ro u g h cars are run betw een
S la tln g ton P o w e r C o.
C itizen s’ E lec. L ig h t, H e a tin g & P o w e r C o .1 L ea sed t o th e S la tln g to n In d ia n a p o lis a n d F o r t W a y n e In c o n ju n c t io n w ith th e F t . W a y n e &
W a b a s h V a lle y T r a c tio n C o . V . 8 3 , p . 1102. P r o v id e s package freight
o f S la tln g ton a n d W a ln u t p o r t ...........- ...........J P o w e r C o.
service betw een In d ia n a p o lis and M uncle an d In d ia n a p o lis and L o g a n s
* P r o p e r ty c on d em n e d and c o m p a n y a b o u t to liqu id a te.
p o r t a n d P e ru , and t o all o th e r p o in ts o n th e sy s te m .
O perates th rou gh
STOCK AN D BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
freigh t se rvice b e tw e e n In d ia n a p o lis and F t. W a y n e .
B y c o n tr a c t until
C o m m o n , $ 3 ,0 0 0 ,0 0 0 , p a r $ 5 0 ..........................................$3,000,000
N o v 1933 cars are run o v e r track s o f In d ia n a p o lis Street R y . In I n d ia n a p
P referred , $ 5,000,000 . p a r $501 ...................................
5,00 0 ,0 0 0
olis ’ A large cen tral p o w e r s ta tio n , w ith n e ce ssa ry s to ra g e ba tteries, a t
5 % , c u m . a fter N ov 3 1 9 1 0 / '
A n derson o p e ra te d o n a th ree-p h ase s y ste m , w ith 19 su b -s ta tio n s likew ise
1905 4-5 g M -S
4 ,7 0 0 ,0 0 0 D e c 1 1 9 3 5
F irst m o r tg a g e , $5,000,000
eq u ip p ed w ith sto ra ge b a tteries, o p e ra te s en tice s y ste m .
c G u a ra n ty T ru st C o ., N ew Y o r k , T ru ste e .
g old $ 1 ,0 0 0 ).........
e q u i p m e n t .— 98 c ity cars, 81 ln teru rb an cars, 19 express cars and
C on sol m o rtg a g e , $ 7 ,5 0 0 ,0 0 0 ,
1905 4-5 g J -D
2 ,0 4 0 ,0 0 0 D e c 1 1 9 3 5
112 service cars: to ta l. 310.
g o ld ($ 1 ,0 0 0 )........................... L eh igh V a lle y T r . & S. D . C o ., A lle n to w n .T r .
O
F F I C E R S . — P r e s ., A . W . B r a d y , A n d e rs o n ; 1st V .- P ., J. L everin g
Q u a k ertow n T r a c tio n first M 1901 5 g M -S
300 ,000 S e p t 1 1931 Jon es. P h ila .; 2d V .- P , VV. K esley S c h o e p f. C in cin n ati; S ec. an d T r e a s .,
$ 30 0,00 0 g o ld , $10 0, $200, In t. a t C om m o n w e a lth T r . C___
o ., ____________
H arrisbu rg,, W m . H . F orse J r .. A n d e rs o n ; G en. M gr
If. A . N lch oll. G eneral o ffic e s
rustee.
s te e . Can
r '"~ be
'-------"■“
------*■ an d transfer o ffic e s , A n d e rs o n , I n d .— (V . 83. p . 37, 99, 388; V . 86, p . 421;
_
$ i ,0 0 0 ).........................C*J
TTru
ca lled* a t 105 —
an d1 Interest
B eth & N azar S t R y s t o c k .......................................
150,000 5 % guar
V . 87, p . 226.
B on d s
...........................
5 M -N
150 ,000 M ay 1 1 9 2 9
(1) U nion T ra ctio n C o . o f In d ia n a .— A t r o lle y r o a d .
I he Lehigh V a lley T ran sit has agreed to guar, the Int. on $500,000 bon d s
O R G A N I Z A T I O N .— I n c o r p o r a te d M ay 28 1903 as a co n s o lid a tio n o f the
o f the A lle n to w n & S ou th A llen tow n B ridge C o. V . 85, p . 40. T h e la tter
U nion T r a c tio n C o m p a n y o f In d ia n a (in c o r p o r a te d on Jun e 21 1899) and
h a v e n o t y e t b een issued.
S tock .— V otin g T ru st.— S to ck (b o th classes) w as held In a 'v o t i n g trust the In d ian ap olis N o rth e rn T r a c tio n G o. (In co rp o ra te d In A p ril 190 2).
On c o n s o lid a tio n a 7 0 % s to c k d iv id e n d w as p a id to U nion T ra ctio n share
fo r th ree yea rs from N o v . 3 1903. T ru st th en e x te n d e d u n til N o v . 3 i o n ,
h olders, ca llin g fo r $3 ,5 0 0 ,0 0 0 ad d itio n a l c o m m o n s to c k .
V . 76. p . 1302.
tru stees h a v in g th e p o w e r to term in ate the tru st earlier.
V . 87, n . l o l l .
L ea sed Jun e 30 1903 t o the new y fo rm e d In d ia n a U n ion T ra ctio n C o.
1533.
fo
r
999
years.
O
riginal
lease
p
r
o
v
id
e
d
fo
r
d
iv
id
e
n
d
s
o
n
th
e
c o m m o n s to ck
B on d s.— O f th e $ 5 ,0 0 0 ,0 0 0 first m tg e ., $ 2 ,7 7 0 ,0 0 0 bea r 4 % Interest an d
o f the U n ion T r a c tio n C o. (In a d d itio n to fixed charges an d 5 % o n th e p re
are all o u t an d $ 2 ,2 3 0 ,0 0 0 are 5s. $300,000 o f these b o n d s are reserved ferred s t o c k ), b u t this lease w as m o d ifie d b y v o t e o f s to ck h o ld e rs o f b oth
to ta k e u p th e $ 3 0 0,00 0 Q u a k ertow n T ra ctio n b o n d s.
See V . 82, p . 628. co m p a n ie s Jun e 15 1904. T h e lease, as m o d ifie d , p ro v id e s fo r 5 % o n U nion
Ia terest a t B row n B ros. & C o ., P h ilad elp h ia. O f th e $7,50 0 ,0 0 0 con sols
$ 2 ,5 0 0 ,0 0 0 arc 4s a n d th e o th e r $5,000,000 5s. T h e la tter are reserved to T ra ctio n C o . p re f. s to c k a n d d iv id e n d s o n c o m . ran gin g fro m 1 % to 6 % ,
retire th e first m tg e. T h e first m tge. bon d s are red eem able o n an y Interest based o n gross earnings o f all pro p e rtie s o p e ra te d b y lessee, e x c e p t p rop erties
In J u ly 1008 n o tice w as given
d a te , th e 4s at 105 a n d th e 5s at 110.
Interest o n th e co n so l, b o n d s Is leased a fter Ju n e 15 1904. V . 79, p . 2455.
p a y a b le a t th e c o m p a n y ’ s o ffic e o r at o ffic e o f B row n B ros. & C o ., P h ila. th a t gross ea rn in gs fo r y e a r e n d in g Jun e 30 1908 d id n o t a m o u n t to $ 1 ,
850
,0
0
0
,
and
th
erefore
no
rental
p
a
y
m
e
n
t
b
ased
o n gross earnings fo r such
T h ese b o n d s are n o t s u b je c t to call.
p e rio d w o u ld b e p a y a b le .
V . 87, p . 227. F ran ch ises arc ge n e ra lly fo r 50
R O A D . — O w ns 107 m iles o f roa d an d 14.5 m iles o f secon d tra ck , c o n n e c t
in g A lle n to w n , B eth leh em , S ou th B eth leh em , H e llcrto w n , N azareth
y T h e In d ia n a p o lis N orth ern T r a c tio n assum ed p a y m e n t o f prin cip a l and
S ieg fried s, C o p la y , C a ta sau qu a, E g y p t, E m a u s, M acu n gle, S la tln g to n ’ Interest o f h alf ($200,000) o f the b o n d s on the B ro a d R ip p le T r a c tio n C o .,
Q u a k e rto w n , P erk a sle, L a n sd a le, A m b le r an d P h ila d elp h ia . Leases 10 and also h a lf o f th e ln te ie s t o f th e rem ain in g $ 20 0,00 0 b o n d s fo r 10 years
m iles a n d co n tro ls 10.5 m iles th rou gh sto ck ow n ersh ip . T o ta l op e ra te d ,
from M ay 1 1903. See V . 7 8 , p . 1167.
142 m iles. A 1 ,7 0 0 -ft. b rid g e betw een A lle n to w n an d S ou th A lle n to w n Is
STOCK A N D BO N D S—
D a te .
Interest.
O utstanding.
M a tu r ity .
to be b u ilt b y th e c o n tr o lle d A lle n . & S ou th A llen . B rid ge Co.
C o m m o n , $7 ,5 0 0 ,0 0 0 ( $ 1 0 0 )...............
J-J
$ 7 ,5 0 0 ,0 0 0 J a n ’ 0 8 ,2 -3 %
R E P O R T .— F or fiscal y e a r e n d in g N o v . 30 1908: G ross, $ 1 ,038,626 - net
P f, 5 % , c u m ,$ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ------5 A -O
1 ,0 0 0 ,0 0 0 O c t ’ 0 8 ,2 H %
$ 4 7 7 ,3 8 6 ; fix ed ch a rges, $ 41 2,08 6; surplus, $ 6 5 ,3 0 0 . In 1907: G ross’ A n d erson E le c St 1st m tg , g l 1892
6 g J-J
_ 150,000
_ _ ,____ .J.u.ly
# 1 1912
____
$ 1 ,0 3 1 ,5 6 1 ; n e t, $ 4 0 0 ,2 7 7 ; fix e d ch a rges, $ 36 0,26 2; surplus, $40 ,0 1 5 .
’
$1,000 e a c h ), a s s u m e d — c / I n t . a t F a rm . L . & T . C o ., T ru ste e , N . Y . C.
134,500 D e c I 1927
O F F I C E R S .— P re s ., R . P . S teven s; V . - P . , John C. D aw son ; S ec. and Citizen s 1st m tg . $250,000,1 1807 6 g J -D
s f, s u b je c t t o call at 1 0 5 ,f In terest a t G uar. T r u s t & S afe D e p os it C o .,
T r e a s ., Chas. N. W a g n er; A u d ., C . M . W a lter.— V . 83. p . 06. 1347; V . 84
d en om $500 an d $ l,0 0 0 .c * J
P h ila d e lp h ia , T ru ste e .
p . 1248; V . 8 5 , p . 4 0 , 99; V . 8 6 , p . 795, 918; V . 8 7 , p. 1011, 1533.
'
M arlon C ity 1st m tg , $400.-1 1895
6 g M -N
3 58 .000 M ay 1 1915
000 , gold ($ 1 ,0 0 0 ).............- c f I n t e r e s t a t T r u s t C o. o f A m e r ic a , N . Y .
A L L E N T O W N & R E A D I N G T R A C I I O N C O — A tro lle y roa d .
1st gen m tg, $ 5 ,0 0 0 ,0 0 0 ,
g o ld ! 1899 5 g J-J
4 ,3 5 0 ,0 0 0 J u ly 1 1919
O R G A N I Z A T I O N .— In co rp o ra te d A p ril 25 1898, an d leased th e A llen
( $ 1 , 0 0 0 ) _____________ c * r * J I n t . a t T ru st C o. o f A m c r ., N . Y . , T ru stee
to w n & R e a d in g E le ctric Street R y . fo r 290 yea rs from June 4 1898.
On In dian ap olis N o r T r a c
1st! 1002 5 g J-J
5 ,0 0 0 ,0 0 0 J u ly 1 1932
F e b . 6 1902 leased fo r 290 years th e K u tzto w n & F le e tw o o d Street R y .
m tg $ 5 ,0 0 0 ,0 0 0 , g ($ 1 ,0 0 0 ) ,) Interest a t T ru st C o. o f A m e r ic a , N ew Y o r k ,
C on trols th e K u tzto w n L ig h t. H eat & P o w e r C o. C on n ects w ith U nited
guar p and 1 b y Un T v a c .c * ]
T ru ste e .
Feb ., 1909.)
ELECTRIC RAILWAYS
Stock and B on d s.— O f the 5 5,000,000 general m o rtg a g e , 505 0 ,0 0 0 ai e
reserved fo r u n d erly in g b o n d s. See V . 7 1 , p . 1013. C o m m o n an d p r e f.
s to c k an d gen . m ortg a ge b o n d s are listed on P h ila d e lp h ia S to c k E x ch a n g e .
P ref. s t o c k Is redeem able a fte r D e c. 15 1910 at p ar an d u n p a id d iv id e n d s ,
on 30 d a y s ’ n o tice .
D ivid en d s.— P r e f. s to c k o f U n ion T r a c t . C o. d ates fro m J a n . 1 1901.
F irst d lv . O ct. 1 1901 (for 9 m o s ., Jan. 1 t o S e p t. 3 0 ). 3 % % ; In 1902, 1903,
1904, 1905, 1900 and 1907, 5 % .
In 1908, A p ril, 2 y2 % ; O c t ., 2 X % .
On
c o m . have been : In 1903, J u ly , 1 % ; In 1904, J a n ., 'A % ; J u ly , 1 % .
In 1907,
J a n ., y2 %\ J u ly , % % ■
In 1908, J a n ., 2 - 3 % .
N on e p a id since t o F e b .
1909 (see V . 87, p . 227) .— V . 86, p . 1591; V . 87, p . 227, 280.
ANDERSON, S. 0.
A N D E R S O N T R A C T I O N C O .— A
tr o lle y r o a d .
R eceiversh ip .— On M arch 4 1908 J u d ge K lu gh at A b b e v ille , S. C ., In th e
S tate C ou rt a p p o in te d E d w in W . R o b e rts o n o f C olu m bia an d R o b e r t E .
LIgon o f A n d erson receivers on a p p lica tio n o f A n d erson M achine & F o u n d r y
C o. (V . 80, p . 001) b u t on A p ril 10'190S F ed era l J u d ge P rich a rd at A sh e ville
to o k Jurisdiction on c o m p la in t o f In te rn a tio n a l T ru st C o . o f M arylan d an d
n am ed the tw o receivers a b o v e to g e th e r w ith F ran k R . F ro st. V . 86, » . 1158.
A reorg a n iza tion plan is b e in g . re >ared.
O R G A N I Z A T I O N .— In c o r p o r a te d In S ou th C arolina In 1904. C o m p a n y
Is u n d erstood to have crea ted a m o rtg a g e lo r $103,000 to In tern ation al
T ru s t C o. of M a ryla n d .
D a te of
STOCK AN D BO N DS—
D a te. D lv . R ate % . Outstand'g. Last D i c ’ d.
S t o c k . 5 2 8 0.00 0 (5 1 0 0 )...................................................
5 16 3,0 0 0
.......................
R O A D .— O perates 8 m iles o f railroad In and a ro u n d A n d e rso n ; In 1907
p u t In op era tion a 10-m lle e x te n sio n to B e lto n . T o ta l tra ck , 18 m iles.
It Is plan n ed fu rth er to e x te n d the road to G reen ville, S. C.
O F F I C E R S .- -Pres, an d T r e a s ., R o b e r t E . L I g o n .— V. 82. p. 99; V . 83,
p . 93: V . 80, p . 091, 1158.
ANNISTON, ALA.
A N N IS T O N E L E C T R IC & (IA S CO —
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Jersey In 1899 to ta k e o v e r
the A n n iston E le c tr ic C o. an d th e O x fo r d L ake L in e , sold at fo re clo su re
A u g u st 1899; also a c q u ir e d a t r e ce iv e rs' sale th e A n n is to n G as & L ig h t C o.
G eneral E le c tr ic Co. Interested.
STOC K A N D B O N D S—
D a te.
In terest. O utstanding.
M a tu rity .
S to c k , 5250,000 ( 5 1 0 0 ) ................................. ..............
5250.000 .......................
1st m tg e, 5300,000 (5100,1 1899
5 g J -D
300 ,000 D e c 1 1929
5500) g o l d ........................... c * j l n t . a t B a lt. S afe D e p t. & T r . C o ., T ru ste e .
B o n d s .— E n tire Issue m a y be ca lle d a fte r 5 yea rs a t 105 an d In terest.
S in kin g fu n d o f 1 % o f b o n d s o u ts ta n d in g b e c o m e s o p e r a tiv e on D eo. 1
1905, b u t t o be av a ila b le fo r b o n d re d e m p tio n s o n ly If th e m o n e y c a n n o t be
a d v a n ta g e o u s ly e m p lo y e d ‘ ‘ fo r th e a c q u is itio n o f p e rm a n e n t exte n sio n s
and a d d it io n s .”
E A R N I N G S .— F o r c a le n d a r y e a r 1908, gross, 513 1,20 7; net, a fte r ta xes,
5 38 ,888 ; llx ed ch arges, 5 15 ,000 ; o th e r d e d u ctio n s , 511 ,732 ; surplus, 5 12 ,156 .
In 1907, gross, $ 14 0,39 9; n e t, a fte r ta x e s. 549 ,155 ; Fixed ch arges, 5 21 ,102 ;
su rplu s, $ 27 ,993 .
R O A D .— O perates 10 m iles o f road fro m A n n iston to O x fo rd L a k e , In
c lu d in g 5 m iles o f track on c it y streets.
O F F I C E R S .— P res., S. Z . M itch ell, N ew Y o r k ; V . - P . , J . H o w a rd H au s o n ; S ec. and T re a s ., H . M. F ran cis. N ew Y o r k ; G en. M g r., It. L . R a n d .
A n n is to n .— V . 08, p. 928; V . 09, p . 283.
4
th in gs, o f a cqu irin g $20 0,00 0 s to c k o f A sh la n d L ig h t, P o w e r & S tre e t R y .
V,0 - ,,(,Jff!,ccs °C fo rm e r c o m p a n y are : P re s ., C. D . W r ig h t; V .- P . . G eo. F
M errill: S e c ., I , S . S m ith ; M g r., A . E. A p p le y a rd .
V . 87, p . 479.
, O n Jun e 8 1908 c o n tro l ch a n g e d han ds and new d ire cto rs, represen tin g
interests Identical w ith A sh la n d P o w e r C o ., w ere e le cte d .
r
— C h artered In F e b . 1896 as su ccessor t o A sh la n d
L ig h tin g & S treet R y .
O w n s e x c lu s iv e e le ctric ligh t a n d gas rights In c it y
and b o n d s c o v e r ligh tin g p la n t.
In Ju n e 1908 th e new Interests v o t e d to Issue $450,000 b o n d s to p r o v id e
fu n d s fo r e x te n sio n o f street ca r lines a n d b u ild in g o f a new gas' p la n t.
S ta te R R . C o m m , has g ra n te d a u th o r it y to Issue sam e.
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $300,000 ($ 1 0 0 ).......................................
$200 000
$ 1 5 0 ,0 0 0 , g o ld ) 1896
5 g J -j
100!000 Jan 2 1916
(5 1 ,0 0 0 ), s f. red 104-------c j l n t . a t O ld C o lo n y T r . C o ., B o s t o n , T ru stee.
E A R N L N G S .— Fiscal y e a r e n d in g .May 31 1908, gross, $7 8 ,8 4 9 ; n e t. $ 2 1 ,
507; y e a r e n d in g M a y 31 1907, n e t, 5 1 9 ,2 2 1 .
R O A D .— O perates 7 m iles o f tr o lle y tra ck .
O F F I C E R S .— P r e s ., J . C. C h appie; T r e a s ., G . F . M errill.— V . 8 7 , p . 4 7 0 .
ASHTABULA^ OHIO.
A S H T A B U L A R A P ID T R A N S IT CO —
Ih F e b . 1907 c o n tr o l o f this road w as a cq u ire d b y L . A . R o b is o n . P res,
o f th e P e n n . & O h io R y ., and associa tes, a n d o ffic e r s w ere e le cte d as b e lo w .
As a p relim in a ry to co n s o lid a tio n o f th e tw o ro a d s , s to c k w as in A u g . 1907
Increased fro m 5 1 5 0.00 0 to $50 0 ,0 0 0 .
O R G A N I Z A T I O N .— C hartered O c t . 7 1890.
STOC K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k . $50 0,00 0 ...............................................................
$50 0,00 0
!s t
m tg e ,
$ 7 5 ,0 0 0 ,
g o ld ,) 1891
6 g J-J
75,0 0 0 J u ly 1 1911
($1,000) ---------------------c * & r j l n t . at Cen tral T ru st C o ., T ru ste e . N . Y . C.
2d m tg e , $ o 0 0 .0 0 0 ---------------------J1907
5 M -S
175,000 S ep t 15 1927
(C itize n s’ L . & T . C o ., C levela n d , tru stee.
B o n d s.— $75 ,000 2d m tg e . b o n d s are reserved fo r p rior liens a n d $25 0,00 0
are In treasu ry o f c o m p a n y .
£ A R £ m G S . — Y ea r en d in g D e c. 31 1908. gross, $ 58 ,737 ; n et. $20 ,3 3 6 ;
R O A D . - O p e r a t e s 5 m iles o f tra ck on 5 m iles o f street.
O F F I C E R S .— P res., L . A . R o b is o n , P ittsb u rg h ; T re a s., E . W . S a v a g e .
A sh ta b u la ; S e c., W y n B . M orris, P ittsb u rg h ; G en. S u p t.. P a lm er W a rd m a n , A s h ta b u la .— V . 85. p . 468.
P E N N S Y L V A N I A & O H IO R Y .— A tr o lle y ro a d .
T h e sam e Interests co n tro l th e A sh ta b u la R a p id T ra n sit C o. I t Is
pla n n ed to m erge th e tw o road s.
O R G A N I Z A T I O N .— In co rp o ra te d M arch 17 1898.
In A p ril 1906 c o n
trol w as pu rchased b y L . A . R o b is o n , G en . P a ss. A g t . o f P ltts b . & L a k e
Erie R R .
See V . 82, p . 929. 987.
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
S to ck ($ 1 0 0 ),$ 1 ,6 0 0 ,0 0 0 au th
____
________
$1,300,000
1st
m tg e
$60 0,00 0
g o ld ,) 1901
5 g M -S
000,000
M ch 15 1921
$500 e a c h ............ .. ..............c * I I n t . at C itizen s’ S a v . & T r . C o ., C le v ., T ru s .
Jefferson
D ivision
($ 5 0 0 ),! 1902
5 g M -S
100,000 M ch 15 1922
$ 1 0 0 ,0 0 0 ..................................i l n t . a t C itizen s’ S a v . & T r . C o .. C le v ., T ru s .
G en. m tg e ., $90 0 ,0 0 0 , g o ld ) 1906
5 g M -S
200,000 S e p t 15 1920
( 5 5 0 0 ) ------------------------------ c j l n t . a t C itizen s’ S av . & T r . C o ., C le v ., T ru s .
B o n d s.— O f th e n e w g e n . m tg e . b o n d s . $700,000 are re se rv e d t o retire
prior liens.
E A R N I N G S .— F o r ca le n d a r y e a r 1908, gross, $ 11 2,66 4; n e t, $ 4 9 ,7 3 8 .
In 1907, gross, $12 2,74 2; n e t, $ 60 ,475 .
R O A D .— O w ns an d operates th e C on n eau t c it y lin e, 4 m iles, an d has
A5BURY PARK, N. J.
built w estw ard fro m C on n eau t t o K in g sv ille & A s h ta b u la , 14 m ile s, and
A T L A N T I C C O A S T E L E C T R I C R Y .— T r o lle y .
sou
th fro m A sh ta b u la t o Jefferson , 10 m iles; to t a l, 28 m iles. A th rou gh
O R G A N I Z A T I O N .— In co rp o ra te d In N ew Jersey on D e c. 8 1905 as
betw een C levelan d , O ., and E ric, P a ., Is n o w In o p e r a tio n , o f w h ich
su ccessor t o th e A tla n tic Coast E lec. R a ilroad C o ..s o l d u n d er fo re clo s u re o f line
th e general m ortg a g e o f th e la tte r.
Leases th e Seash ore E le ctric R y . o f this road form s a p a rt.
O
F
F I C E R S .— P re s., L . A . R o b is o n , P lt t s b .; S e c. an d T re a s ., W . B .
A s b u r y P a rk until Jun e 6 1937 at $10 ,000 per y e a r and ow n s 515 0 ,0 0 0 o f th e
O ffic e a t A s h ta b u la .—
5200,000 to ta l ca p ita l s to c k o f la tte r c o m p a n y (m a k in g n et ren tal $ 2 ,5 0 0 ), M otrls, P ltts b .; G e n . S u p t., P a lm e r W a rd m a n .
and ow n s all o f th e s tock o f the W est End & L o n g B ran ch R y . and o f the V . 8 2 , p . 929, 9 8 7 . ___________ _
A s b u r y P a rk & Sea G irt R R ., the form er Is leased from A u g . 3 1896 until
.
ASTORIA, OREGON.
J u ly 1 7 1945 at a n om in al rental, and th e la tte r fo r 99 years at 6 % on sto ck
fro m A u g . 27 1898; b o th s to c k an d b o n d s o f A s b . P ark & S. G . are o w n e d .
A S T O R I A E L E C T R I C C O .— A tr o lle y r o a d .
A ls o entire s to c k (5100,000) o f th e A tla n tic C oast E le ctric L ig h t C o ., w h ich
O R G A N I Z A T I O N .— In co rp o ra te d In O regon M arch 12 1901, an d Is a
su p p lies th e electric ligh ts o f A s b u r y P a rk , A lle n h u rst. B clm ar, O cean
reorgan ization o f the A sto ria S treet R a ilw a y , sold at fo re clo su re on J u ly 2
B ea ch , C om o an d S prin g L a k e .
T h e S eacoast
T r a c tio n C o. (ca p ita l 1900. In M arch 1902 a cq u ire d the W e st Shore Mills C o. e le ctr ic ligh t plan t
$ 1 0 0 ,0 0 0 ), ru n n in g fro m B elm ar t o S prin g L a k e , 2 m iles, has been leased and also the A s to ria Gas L ig h t C o. N o w d oes all th e e le ctr ic p o w e r ,
to th e A tla n tic Coast E le ctric R y . fo r 99 years; Its s to ck and b o n d s are e le ctr ic ligh t and gas business o f A s to ria , and also has c it y c o n t r a c t.
o w n e d . F ran ch ise In B elm ar e xp ires In 1947; In A s b u r y P ark In 1937; In
STOC K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
_______
$300,000 .
L o n g B ran ch , som e e x p ire In 1945 and o th e rs are pe rp e tu a l; In O cean T o w n S t o c k , $300,000 ($ 1 0 0 )___ . . . _____
sh ip, p erp etu a l; in Sea G irt, e x p ire In 1915, 1926 and 1950; franchises o f
1st m t g e ., $15 0,00 0 ( $ 5 0 0 )____ 1902
0 A -O
150.000 A p ril 1 1922
S ea coa st T ra ction C o. are p erp etu al.
S e cu rity Savings & T ru st C o ., P o r tla n d , tru stee.
D iv . or
B o n d s .— S u b je ct t o call at a n y tim e at 105.
S T O C K A N D B O N D S .—
D ate.
Interest. O utstanding.
M a tu rity
E A R N I N G S .— F o r c a le n d a r y. e a r 1908,. gross, $ 11 5,85 2; n e t, a ft e r ta x e s ,
S to c k 5 1,000.000 ($ 1 0 0 )_______ ______
________
$1,0 0 0 ,0 0 0 In 1907 0 %
$39 ,9 3 4 ; llxed ch arges, $ 9,000; surplus, $ 3 0 ,9 3 4 .
1st in e ft gage gold
$1,000,-1 1895
5 g M X
800 ,000 M ay 1 1945
R O A D .— O p era tes 5 m ile s o f tra ck an d 10 ca rs.
000 ............ .. ........................... JIn t. at K n ic k e r b o c k e r T r . C o ., N . Y ., T ru s.
O F F I C E R S .— P re s., S. Z . M itch ell. N ew Y o r k ; V .- P . , S. S. G o r d o n ,
G en m tge $1,0 0 0 ,0 0 0 g o ld ! 1900
5 g J-J
9 80 ,000 J u ly 1 1 9 4 5 A s to ria ; S ec. & T r e a s ., C. N . H u ggin s, P o rtla n d , O re .; M g r., D . F . M cG ee.
L ($1,000) .......... ....................... c j Interest at C entral T ru st C o ., N .
Y . , T ru stee.
Seash ore El R y s t o c k ...................... ......
..........._
200 000
.
ATCHISON, KANSAS.
Seashore
E lectric R y
1 s t f 1892
6 g j-j
2 00 .000
io i7
A T C H I S O N R Y . L I G H T A P O W E R C O .—
m ortg a ge $200,000 ............... j l n t . at Seacoast N a t’ I B a n k, A sb u ry P k .,N .J .
O R G A N I Z A T I O N .— S uccessor In 1895 o f the A tch is o n R y . E le c. L & P .
I S u b je ct to call at 105 In 1897.
C ontrols e le ctric r a ilw a y , lig h tin g an d gas pro p e rtie s o t A tc h is o n .
A tla n tic Coast E lec L t 1st) ------5
J -D
2 41 ,000 Ju n e 1 1945 C o.
STO C K AN D B O N D S —
D a te.
Interest. O utstanding.
M a tu r ity .
m tg e $ 5 0 0,00 0 g o ld .
S u b -U n t . a t A s b u r y P ark & O cean G ro v e Ilk .,
$500,000 ____________
C o m m o n , $50 0 ,0 0 0 ..........................................................
J c c t t o c a i l a t 105 In 1 9 0 1 ..J
A sb . P k . M orton T r . C o ., N . Y . , tru stee.
P
re
fe
rre
d
,
7
%
.
$
4
0
0
.0
0
0
.______________________
400
,000
S
ec
te x t .
B on d s.— O f th e $1,0 0 0 ,0 0 0 firsts, 5200,000 are reserved to retire a like
6 g J-J
150,000 J u ly 1 1915
a m o u n t o f Seash ore R y . 0s, s u b je c t to call at 105 In 1897.
E n tire b on d s A te h R y L t & P ow 1st rntge,) 1895
g o ld , $1,000, ln t. a t E x c h . .T r u s te e , M erca n tile T ru st C o .. N ew Y o r k
an d s to c k o f the A s b u r y P a rk & Sea G irt ($50,000 each) an d the S eacoast
N at B a n k, A t c h is o n _______J C ity.
T r a c tio n C o. ($100,000 c ;< h) are d e p o s ite d u nd er the new general m o rtg a g e .
D ividends.— S even per c e n t per ann um is b e in g p aid on p referred s to c k .
R O A D .— lic it l i n e In A sb u ry P a rk an d e x te n d s fro m A s b u ry Park
R O A D .— O perates 8 V, m iles o f tra ck .
th rou g h L on g B r a r c h t o P leasure B a y , a b o u t 24 m iles, o f w h ich 10.12 m iles
O F F I C E R S — P re s., W . P . W aggon er; V .- P , J. P . B r o w n ; T r e a s .,
Is o v e r p r iv a te rig h t o f w a y ; V . 60, p . 610 .
A lso fro m A s b u ry P a rk to
W . \V. H e th e rln g to n ; S i p i ., J. W . w a rgener. - V . 8 1 . p. 10.)J.
S ea G irt, a b o u t 9 m iles, sin gle tr a c k . C o n n e cts a t Pleasure B a y w ith the
N ew Y o r k & L o n g B ran ch S te a m b o a t C o.
ATHENS, GA.
R E P O R T .— Y ea rs en d in g D e c. 31:
A T H E N S E L E C T R I C R A I L W A Y .— A tr o lle y ro a d .
1908.
1907.
1906.
1905.
1904.
O R G A N I Z A T I O N .— P u rch a sed road at fo re clo su re sale In Ju n e 1894.
G ross e a r n in g s ------------------$343,056 $30 5,46 5 $289,831 $26 7,39 5 $231,142
N ew ch arter gran ted Jun e 1895.
H as c o n tr a c t t o furnish arc ligh ts t o c it y ;
O p era tin g e x p e n s e s ........... 164,345
139,002
111,222
121,808
118,387
also In can descen t lam ps t o p riv a te parties. F ra n ch ises p e rp e tu a l.
Uses
In O ct. 1901 p u rch ased th e p r o p
N et earns, from o p e r . . . $178,711 $166,463 5178,609 $14 5,58 7 5112,755 w ater p o w e r fo r g e n eratin g e le ctr ic ity .
e r ty o f th e T a llassee P o w e r C o.
In N o v . 1902 began o p e r a tin g t w o
In 1908 llxed charges w ere $ 11 9,60 1, le a v in g a surplus o f $59 ,110 .
O F F I C E R S .— P re s ., s . F . Ila z clr lg g , N . Y .; V .- P ., II. II. R o g e rs ; T r e a s ., p o w e r station s d riven en tirely b y w ater w heels, and a ffo r d in g 2,230 h orse
H . II. R og ers J r .; S e e ., G . B . Cade; S u p t., C. E . l lc r e t h .— V . 8 1 , p . 974, p ow er. In 1906 c o m p le te d a steam p o w e r plant o f 1.000 h. p . an d m a d e
1435, 1722.
.
o th e r a d d itio n s to the gen eratin g e q u ip m e n t.
In 1908 a d d e d 1,500 h. p . to
gen eratin g station .
STOC K AN D B O N D S—
D ate
Interest. O utstanding.
M a tu r ity .
ASHEVILLE, N. 0.
S to c k , c o m m o n , $ 2 2 5 ,0 0 0 ................. ..
.............
$22 5,00 0 Ian. ’ 0 9 , 2
A S H E V I L L E E L E C T R I C C O .—
S to c k , pref, 6 % cu m , $ 3 0 ,0 0 0 . ------6 J-J
50,000 Jan . ’ 0 9 ,3 %
O R G A N I Z A T I O N .— Is c o n tr o lle d b y the G eneral E le c tr ic C o. T h e
f 1896
6 g J-J
12,000 J dy 1 1916
A sh eville E lectric C o. Is a co n s o lid a tio n o f the A sh eville S treet R R ., th e
1st M , $10 0,00 0, g ($500) . . c i C olu m bu s Savings B a n k . C o lu m b u s , G a .,
In term on ta n e R R .. th e A sh eville & B lltm ore S t. R y . & T ra n s. C o. an d th e
I T ru ste e .
Interest a t C o lu m b u s o r A th en s.
A sh eville E lectric C o. O w ns R iv e rsid e P ark .
N ew 1st m o rtg a g e , $ 4 0 0 ,0 0 0 ) 1901
6 g A -O
338 ,000 O ct 1 1931
($ 1 ,0 0 0 ), g o l d __________ c* J In te re s t a t T itle G uar. <5: T r . C o ., A tla n ta ,
STOCK AN D BO N D S—
D a te.
Interest. Outstanding.
M a tu r ity .
C o m m on . $750,000 (5 1 0 0 )____ ______
________
$532,500 ........ ..............
l T ru stee, or O ld C o lo n y T ru st C o ., B o s to n .
B o n d s.— O f th e new b o n d s, entire Issue, b u t n o lesser p a r t, m a y be ca lled
P referred , 0 % cu m , 5 1 7 2 ,0 0 0 ....................................... ..
172,000 ...............
1st m tge, $750,000 ($500 a n d l 1901
5 g M-N
750,000 M ay 1 1941
on and a fte r O ct. 1 1911 a t 106 an d Interest: $12,000 reserved to tak e up
old b o n d s; rem ain ing $50,000 ca n o n ly be Issued fo r fu tu re e x te n sio n s an d
$ 1 ,0 0 0 ), g o l d . . ..................c * J I n t . at O ld C o lo n y T r . C o ., B o s to n , T ru ste e .
B o n d s.— A s. f. o f 1 % b e ca m e o p e ra tiv e on M ay 1 1906.
B on d s s u b je c t a d d itio n s to tw o -th ird s o f the a ctu a l c o s t . See V . 7 3 , p . 1311.
B lock.— P re f. s to c k Is s u b je c t t o call Jan . 1 1908 a t 110 and a cc u m u la te d
to call at 100 and Interest a fte r th a t d a te .
P re f. s to c k can o n ly be Increased w ith th e co n se n t o f threeE A R N I N G S .— F or cal. y e a r 1908. gro ss, 5 26 5,21 2; n e t. $55 ,9 3 4 ; fixed d iv id e n d s .
fou rth s In a m o u n t o f ex istin g p re f. s to c k .
F irst d iv id e n d on c o m m o n —
ch arges, $ 37 ,500 ; sin k , fu n d , $7,500; o th e r d e d u ctio n s , $ 3 ,837; surplus,
2 J i% — ■
w as paid J u ly 1 1906; In 1907, 5 % : 1908, 5 % ; in 1 909 . J a n ., 2 } 4 % .
$ 7 ,0 9 7 .
In 1907, gross, $27 0,10 1; n e t, $ 72 ,375 ; ch arges, $ 5 1 ,0 9 1 ; su rplu s,
R E P O R T .— Cal. y e a r 1908, gross, $12 8,42 3; n e t, $ 7 2 ,2 7 3 ; ch a rg e s ,
$ 20 ,684 .
R O A D .— O perates 12.27 m iles, sta n d a rd g a u g e , In A s h e v ille ; In $ 3 3 ,7 7 4 : surplus, $38,499.
R O A D .— O wns 7.4 m iles o f track : 4 0 -lb ., 6 0 -lb . an d 7 0 -lb . T rails and
c lu d in g secon d tra ck and sidin gs 14.16 m iles; 33 cars.
7 0 -lb . girder; 12 m o to r cars: ligh tin g an d p o w e r p la n t, 4,750 h . p .
O F F I C E R S .— P res., J . E. R a n k in ; V .- P ,, c . N . M ason, N ew Y o r k ;
O F F I C E R S .— P re s., J. Y . Carlthers; V .- P . , W . S H olm a n ; S e c . an d
S e c . and M g r., II. W . P lu m m er; T r e a s ., II. m . F ran cis, 62 C ed ar S t .. N . Y . T r e a s ., W . T . B rya n ; G en. M gr. an d P u rch a sin g A g e n t, C. D . F lan igen ;
A u d ito r , C. D . C o x ; G en. S u p t., C. L . P r o c t o r .— V . 83, p . 154.
ASHLAND, WIS.
A S H L A N D L IG H T , P O W E R & S T R E E T R A I L W A Y .—
A tr o lle y r o a d .
O n F eb . 13 1008 A sh la n d P o w e r C o. w as In co rp o ra te d In W isco n sin an d
has been a u th orized b y W iscon sin R R . C om m ission to Issue $50 ,000 c o m .
a n d $50,000 p r e f. s to c k an d $300,000 b o n d s, fo r p u rp o se , a m o n g o th e r
ATLANTA
R A
G E O R G IA R A I L W A Y & E L E C T R IC CO —
O R G A N I Z A T I O N .— In co rp o ra te d In G eorgia o n Jan 28 1902, an d o n
A p ril 1 1902 to o k o v e r the A tla n ta R y . & P ow er C o ., th e A tla n ta R a p
ELECTRIC RAILWAYS
8
|V O L. L X X X V III.
T ra n . C o ., th e G eorgia E le c . E igh t C o. an d th e A tla n ta S team C o. F r a n
ATLANTIC & SUBURBAN RY.
chise p erp etu a l.
C om prises th e stre e t r a ilw a y , e le ctric lig h t, ga s, p o w e r
O R G A N I Z A T I O N .— I n c o r p o r a te d In N ew Je rse y D e c. 7 1908 as a re
an d s tea m -h ea tin g Interests o f A tla n ta an d F u lto n C o u n ty .
U ses p o w e r
o r g a n iz a tio n o f th e A tla n tic C itv & S u b u rb a n T r a c tio n C o ., sold under fo r e
su p p lied b y th e A tla n ta W a te r & E le c tr ic P o w e r C o. from th e la tte r ’s p la n t
closu re o f 1st m tg e .
O w ns an d o p e ra te s the A tla n tic C ity & P le a sa n tv llle
a t Bull S lu ice on th e C h a tta h o o ch e e R iv e r , 15 m iles fro m A tla n ta — see
T u rn p ik e C o .
V . 8 7 , p . 1237, 1532.
V . 7 9 , p . 153, 2149.
B y term s o f th e ord in a n ce p e rm ittin g co n s o lid a tio n
S
T
O
C
K
A
N
D
B
O
N
D
S—
D a te.
In terest. O utstand ing.
M a tu r ity .
th e c o m p a n y p a id the c it y o f A tla n ta 559,000 In ca sh , an d agrees to p a y a
S t o c k , 5 6 5 0 ,0 0 0 ........ .................................
....................
5150,000
t a x on gross receip ts o f 1 % fo r first 3 y e a rs , 2 % fo r th e n e x t 20 years and
F irst
m o r tg a g e ,
5 6 5 0 ,0 0 0 ) 1909
4 g F -A
650 ,000 A u g. 1 1929
3 % th erea fter. V . 7 4 , p . 397 , 727.
H ad c o n tr a c t w ith the c l t y f o r street
( 5 1 . 0 0 0 ) ........ ........................c* J I n t . a t C a m b rid ge T r . C o ., Chester P a ., T ru s .
lig h tin g fo r 5 years from A p ril 1 1903 at 575 per a rc per an n u m .
In 1907
ren ew ed c o n tr a c t fo r a p e r io d o f five years fro m A p ril 1 1908 at 5G0 per arc
O f th e 5 6 5 0,00 0 b o n d s, 5 5 0 0,00 0 w ere Issued In e x ch a n g e fo r the 5500,000
p er an n u m , a n d c o m p a n y at the sam e tim e agreed to m ake som e re d u ctio n
first 5s o f th e o ld c o m p a n y , th e rem ain d er to p r o v id e fo r new e q u ip m en t
In p rices t o p riv a te con su m ers fo r ligh t a n d p o w e r.
In O c t . 1902 b o th p re f.
an d w o rk in g ca p ita l.
B o n d s h a ve n o sin kin g fu n d . V . 87, p . 1237.
an d c o m . s t o c k w ere liste d o n B o sto n S to c k E x ch a n g e .
V . 75, p . 849.
R O A D .— O perates 18 m iles o f tra ck fro m A tla n tic C ity t o P lea sa n tvllle,
In J u n e 1903 a c q u ir e d th e en tire c a p it a l s t o c k (5 6 0 0 ,0 0 0 6 % p referred
Som
ers
P
o
in
t
a
n
d
A
b
s
e co n . S ta n d a rd ga u g e. 8 0 -lb . T rail.
a n d 5 1 ,0 1 4 ,6 2 5 co m m o n ) o f th e A t la n t a G as L ig h t C o ., c o m p r is in g th e gas
O F F I C E R S .— P r e s ., R o b e r t W c th e r lll; V . - P . , R ich a rd W eth erlll; S u p t .,
b u sin ess o f A tla n ta an d v ic in it y , b y e x ch a n g e o f s t o c k , d o lla r fo r d o lla r.
R
.
A
C
a
ll.—
V
.
8
7
,
p
.
87
2 , 1237, 1299, 1532.
V . 7 6 , p . 140 6. T h e gas c o m p a n y , h o w e v e r , m ain ta in s a separate o rg a n iz a
t io n . T h ro u g h th is e x c h a n g e . U n ite d G as Im p r o v e m e n t acq u ire d a su b
s ta n tia l In terest In t h e G e o rg ia R a ilw a y & E le c t r ic
AUBURN, N. Y.
In M arch 1907 co m m o n s to c k w as Increased b y 52,0 0 4 ,8 0 0 t o 58,514 600
fo r th e p u rp ose o f p a y ln g '3 3 1 - 3 % s t o c k d iv id e n d o n c o m m o n shares In
AUBURN & SYRACUSE ELECTRIC R R — A trolley road.
M a y 1907. V . 84, p 803.
Is
o
n
e
o
f
th
e
road
s
o
f
th e B eeb e sy n d ic a te , co n tr o llin g th e R o c h e s te r
N ew M ortga ge.— A b la n k e t m tg e . fo r 52 0 ,0 0 0 ,0 0 0 w as a u th o rize d b y
S yra cu se & E a stern th e S y ra cu se L a k e Sh ore & N o rth e rn , the S yracu se
th e s to c k h o ld e r s Jan . 26 1909, o f w h ich 5 1 1 ,0 0 0 ,0 0 0 to retire existin g issues
& S o u th B a y E le c tr ic , th e A u b u r n & S yracu se E le c , an d th e A u b u r n &
a n d th e rem a in d er fo r e x te n sio n s a n d a d d itio n s o v e r a lo n g term o f years.
N o rth e rn E le ctric.
V . 8 8 , p. 158 , 505.
O R G A N I Z A T I O N .— O rga n ized S e p t. 30 1902 as a co n s o lid a tio n o f th e
STOCK AN D BO N D S—
D a te.
Interest. Outstanding.
M a tu r ity .
A u b u rn C ity R y . an d A u b u r n In te ru rb a n E le c. R R . F ra n ch ises p e rp e tu a l.
C om m o n (5 1 0 0 )..........................................
Q -F
58,514,600 F e b 2 0 ’09,1
P referred 5 % n o n - c u m u l a t l v e ) ------5 Q J
2 ,400,000 Ja i 20’ 09 1 u
STOCK A N D B O N D S.
D a te .
In terest. O utstanding. M a tu r ity .
5 2 .4 0 0 .0 0 0 (par 5 1 0 0 )...........J
'
C o m m o n 5 1 ,2 5 0 .0 0 0 ( 5 1 0 0 )............................................
5 1 ,2 5 0 ,0 0 0 .......................
G en m tg e , 5 2 0 ,0 0 0 ,0 0 0 ________ 1909
___________
(?)
P r f 6 % n cu m 5 7 5 0 ,0 0 0 (5 1 0 0 ) ------6 Q -J
7 0 0 ,0 0 0 J a 15’ 09,1>*
F irst c o n s m tg e 511,000,0001
1902 5 g J-J
6,1 0 0 ,0 0 0 Jan " 1 1 9 3 2
A u b u r n & S y ra cu se first a n d ) 1902
5 g A -O
1 .3 9 0 ,0 0 0 O ct 1 1942
g old s in k fu n d ( 5 1 , 0 0 0 ) .. c * j In terest at O ld C o lo n y T ru st C o ., B o sto n Tr.
r e fu n d in g m o r tg a g e 5 2 ,-[I n t e r e s t at N . W . H arris & C o ., N ew Y o r k .
A t la n t a S treet R a ilr o a d first)
1890 6 g J-J
225 ,000 J u ly 1 1920
0 0 0 ,0 0 0 g o ld (5 1 .0 0 0 )___ c* J T r u s t C o . o f A m e r ic a , N ew Y o r k , T ru stee.
m o r tg a g e g old (par 51,000) [In te re s t p a y a b le In N ew Y o r k at 4th N a t. B k .
B o n d s.— O f th e 5 2 ,0 0 0 ,0 0 0 a u th o riz e d , 5 6 1 0,00 0 Is reserved fo r fu tu re e x
J
Central T ru st C o ., N . Y . , T ru stee.
ten sion s, b u t o n ly w hen n et earnings are d o u b le Int. ch arges; s u b je c t t o call
A t l C on s S t R y 1st c o n s M 5 2 ,-) 1899
5 g J-J
2,1 7 5 ,0 0 0 Jan 1 1 9 3 9
a t 110 an d Interest on o r a fte r O c t . 1 191 2. See V . 7 5 , p . 1201
5 0 0 .0 0 0
g (51,000 each) su b [In te re s t p a y a b le In N . Y . at N . Y . T ru st C o
D iv id e n d s .— F irst d iv id e n d on p referred s t o c k — 1 % — p a id N o v . 1 1904,
t o ca ll a ft 5 yrs at 107 H _c* Ja n d at M e r c .T r .* D e p . C o ., o f B a lt T ru stee
th en 1 % F e b . 1 1905, M ay 1 1905 an d A u g . 1 1905; N o v . 1 1905, 1
%
G e o rg ia E lec L t C o 1st M 52,-1 1900 5 g J-J
1 ,350,000 J u ly 1 1 9 3 0
p a id .
(S ee V. 81, p. 1609.)
In 1906, 5 1 4 % ; In 1907, 6 % ; In 1908, J a n .,
0 0 0 ,0 0 0 g o ld . S u b je c t t o [In te re s t at O ld C o lo n y T ru st C o. B o sto n
1 M % : A p r ., I H % : J u ly , 1 X % ; O c t ., 1 J J % .
In 1909, J a n ., l } 4 % .
ca ll In 1905 at 1 0 5 ..................j
T ru ste e .
’
’
E A R N I N G S .— F o r y e a r e n d in g J u n e 30 1908, gro ss, 5377,372; n e t,
A tla n ta G as-L igh t C o, 1st M ,f 1897 5 g J -D
1,150,000 Jun e 1 1947
5 14 8,98 7; fix e d ch arges, 5 98 ,792 ; d iv id e n d s , 540 ,875 ; su rplu s, 59,320.
5 1 .1 5 0 .0 0 0 , gold (SI ,0 0 0 )c * ( In terest a t N ew Y o r k T ru st C o ., T ru ste e , or
(
B a n k o f S c o tla n d , L o n d o n , E n gla n d.
R O A D .— O p e ra te s a b o u t 37 m iles ro a d (55 m iles o f t r a c k ), In clu din g
Stock and B o n d s.— O f th e 5 8 ,5 1 4 .6 0 0 c o m . s to c k re p o rte d ou tsta n d in g
13 m iles In A u b u rn an d 24 m iles fro m A u b u rn to S y ra cu se .
H as tr a c k a g e
549 5 ,2 0 0 Is held In treasu ry.
O f the 5 11 ,000 ,00 0 G eorgia R y . & E le c .b o n d s
a g re e m e n t w ith S yra cu se R a p id T ra n sit, a llo w in g lt to e n te r th at c it y .
5 4 .9 0 0 .0 0 0 are reserved t o retire u n d e rly in g liens. A r e su b je ct to call o n a n y
O w ns L a k e S id e P a rk , a b o u t 33 a cre s, o n L a k e O w a sco; 48 cars.
Int. d a te a fter Jan . 1 1907 at 110 and a ccru ed Int. A sin kin g fu n d b e co m e s
O F F I C E R S .— Pres, an d G en. M gr., C. D . B eeb e; V . P ., II. S. H o ld e n ;
o p e r a tiv e In 1907 w h ich w ill retire 510 ,000 o f b o n d s In each y e a r fro m 1907
T r e a s ., W . A . H o ld e n ; S e c ., A . M . M ich a el.— V . 81, p . 1609.
t o 1911, In clu sive; 525 ,000 per ann um fro m 1912 t o 1916, In clu sive and
5 5 0 .0 0 0
p er ann um th e re a fte r. See V . 7 4 , p . 629 , 727 . A sin kin g fu n d o f
56.6 0 p er 51,000 b o n d o n th e A tla n ta G as L ig h t C o. b o n d s Is o p e ra tiv e
A
AUGUSTA, GA.
sin k in g fu n d o f 525 ,000 p er an n u m Is also o p e r a tiv e on th e u n d e rly in g b o n d s
AUGUSTA & COLUMBIA RY.
o f th e A tla n ta C on s olid a te d S treet R y .
D iv id e n d s .— F iv e p er ce n t p er an n u m Is b e in g p a id o n p referred s to c k .
O R G A N I Z A T I O N .— In c o r p o r a te d fo r the p u rp o s e o f e ffe ctin g a c o n s o li
O n c o m m o n , A u g . 1905, 2 % ; F e b . 190 6, 2 % ; M ay 1906, 1 K % (V 82
dation o f th e A u g u s ta -A lk e n R a ilw a y & E le c tr ic C o ., N orth A u gu sta L a nd
p . 1 0 4 0 ); A u g . 2 0 , 1 H % .
In 190 7, F e b . 20, 1 H % ; M ay 20, l V % a n d
C o .. N orth A u gu sta H o te l C o ., A u g u s ta R a ilw a y & E le ctric C o. and N orth
s to c k d lv . of 33 1 -3 % (V . 84, p . 8 0 3 ): A u g . 20. U 4 % ; N o v . 20. u / %
in
A u gu sta E le ctric & Im p r o v e m e n t C o . W ill c o m p ris e lines In an d b etw een
1 00 8, F e b ., 114%', M a y , 1 > 4 % ; A u g ., 1 M % : N o v ., l U % ; l n 1909, F e b . , 1 ^ .
A u g u sta , G a ., an d A ik e n , S. C. T h e n ew c o m p a n y also co n te m p la te s an
e xten sion fro m A ik e n to C o lu m b ia , S. C.
D eta ils n o t a vailable.
R E P O R T .— See re p o r t fo r 1909 In " C h r o n ic le ” o f F e b . 27 1909.
C a l.
G ross
N et
F ix e d P r e f. ( 5 % )
C om m on
B alance
AUGUSTA-A1KEN RAILWAY & ELECTRIC CO.
T h e A u g u sta & C o lu m b ia R y . has been fo r m e d t o take o v e r the v ariou s
Y e a r — E a rn in g s. E a rn in g s. Charges.
D lv .
D ivid en d .
S u rvlu s
properties co n tr o lle d . V . 85, p . 220.
1 0 0 8 - - - 5 3 , 339,021 5 1 ,6 8 9 ,0 2 7 5833,401 51201000 (6 % ) 5510,87 6*5258 577
1 ,646,059
784 ,675
1 2 0 ,0 0 0 (6 % ) 428 ,418 312 936
O R G A N I Z A T I O N .— In c o r p o r a te d on J a n . 3 1903 u n d e r th e law s o f N ew
190 7 ___ 3,309,341
Je rse y . O w ns 599 8,40 0 o f th e 5 1 ,0 0 0 ,0 0 0 s to c k o f th e A u g u s ta R a ilw a y &
1 0 0 6 . . . 2,8 9 4 ,0 2 4
1 ,4 6 7 ,0 7 3
6 35 ,637
120 ,000 (6 )^ ) 390 ,940
3 2 0 ’ 487
E lectric C o ., 5 9 7 0,40 0 (o u t o f 5 1 ,0 0 0 ,0 0 0 ) o f th e c o m m o n and 5 4 8 2,40 0
♦ A fter a llo w n g f o r 529 ,604 d lv .d e n d s reed, o n trea u ry s to c k an d 54,223
(to ta l Issue 550 0,00 0) o f th e p referred s to c k an d 52 4 4 ,0 0 0 o f th e b o n d s o f th e
reed o n m iscella n eou s sto c k .
N o rth A u g u sta E le ctric & Im p r o v e m e n t C o ., w h ich la tte r c o m p a n y c o n tr o ls
R O A D .— O perates 166.222 m iles o f tr a c k .
•
th e A u g u s ta & A ik e n R a ilw a y C o ., th e N o rth A u g u s ta H o te l C o. an d th e
O F F I C E R S .— C h airm an o f B o a rd , H . M . A tk in s o n ; P r e s ., P reston S.
N o rth A u g u sta L a n d C o .
,
A r k w r ig h t; V .- P ., T rea s. a n d G en. M gr., G . W . B rine; S ec. an d M gr R y
STOCK A N D BO N DS.
D a te .
In terest. O utstanding.
M a tu r ity .
D e p t ., W . H . G len n .— V . 86, p . 337 , 480 , 1339; V . 88, p . 158, 505.
....................
5 1 .4 4 6 ,0 0 0 ............. .........
C om m on 5 1 ,5 0 0 ,0 0 0 ( 5 1 0 0 ) . . . ........
(1)
A tlan ta N orthern R a ilw a y C o .— A tr o lle y r o a d .
P r e f (5800,000) 5100 5 % c u m .............
....................
T-------: ............
C ollateral tru st 53,000,000 1 1903
5 J -J
1 ,2 4 4 ,0 0 0 J a n 1 1 9 5 3
O R G A N I Z A T I O N .— E n tire s to c k Is o w n e d b y th e G eorgia R a ilw a y &
gold ( 5 1 ,0 0 0 ).................... . c * / I n t. at In te rn a tio n a l T r . C o ., B a lt ., 'Trustee
E le c tr ic C o ., w h ich g u aran tees th e b o n d s.
B o n d s .— A re co n v e r tib le a fte r five ye a rs a t o p t l o n o f h o ld e r ,an d s u b je c t t o
STOCK AN D BO N DS.
D a te .
In terest. Outstanding.
M a tu ritu
call o n a n y Interest d a y on 60 d a y s ’ n o t ic e at 105 and Interest; 52,000,000
S t o c k , 5 1 0 0 ,0 0 0 ............... ..................... ..............................
510 0,00 0 . .
reserved t o retire p rio r lien s, o f w h ich 5 2 7 3,00 0 h a v e been e x c h a n g e d .
F irst m ortg a g e 540 0,00 0 g u a r ) 1904
5 g J -J
400 ,000 J u ly 1 1954
R E P O R T .— C on solid a ted p ro fit and loss sta te m e n t fo r 6 m o n th s en d in g
(5500 and 51,000) g o ld - -C * /I n t e r e s t at O ld C o lo n y T r . C o ., B oston T ru s
Jun e 30 1905: A u g u sta R y . & E le c ., ( 9 8 .4 4 % o f 5 3 2 ,2 5 2 ), p r o fit, 53 1 ,7 4 8 ;
B o n d s .— A re gu a ra n te e d , p rin cip a l an d In te re st, b y e n d o rs e m e n t,’b y th e
A u g u s ta & A ik e n R y ., loss, 5116; A u g u s ta -A lk e n R y . & E lec, (a fte r a llo w
G eorg ia R a ilw a y & E le c tr ic C o . A re s u b je c t t o call on a n y Interest d a te
in g fo r all ch a rg e s ), loss, 516 ,1 0 9 ; N o rth A u g u s ta E lec. & I m p ., loss,
a fte r J u ly 1 1909 at 110 and in te re s t.
A sin kin g fu n d o f 55,000 per ann um
51 3 ,5 0 1 ; N orth A u g u s ta H o te l C o ., loss, 5 1 0 ,1 0 4 ; N o rth A u g u s ta L a n d C o .,
beg in s a fte r 1909
See V . 7 9 . p . 680.
loss, 5 1 ,5 0 2 ; co m b in e d resu lt, n e t lo ss, 5 9 ,6 7 4 .
E A R N I N G S .— In 1908, gross, 5 11 2,82 1; n e t, 529,072; charges and
O F F I C E R S .— P re s., W . T . V an B ru n t, N ew Y o r k ; V . - P . , Jam es U .
ta x e s , 5 24 ,971 ; su rp lu s, 5 4 ,1 0 1 . In 1907, gross, 5138,523; n e t, 545,510
J ack son ; G en. M gr.. Jam es R . L ea gu e; S ec. and T r e a s ., Chas. C. T e g e th o lL
ch arges a n d ta x es, 5 25 ,372 ; su rp lu s, 520 ,138 .
— V . 8 1 , p . 172 2, 1790; V . 82, p . 99; V . 85, p . 220; V. 8 6 . p . 1099.
R O A D .— O perates 15 m iles o f tra ck fro m A tla n ta t o M a rie tta , m o s tly on
p r iv a te rig h t o f w a y . C o m m e n c e d o p e r a tio n J u ly 17 1 90 5.— V . 79, p . 680.
AUGUSTA RAILW AY & ELECTRIC CO.
a t l a n t ic T c i t y ,
N. J.
A T L A N T I C C I T Y & S H O R E R R .— A n e le c tr ic ro a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N ew Jersey O ct. 21 1905 w ith a
p erpetu al ch arter. O w ns p r a c tic a lly all the (5250,000) s to c k an d entire
(540,000) b on d s o f Cen tral Passen ger R y . C o.
Leases A tla n tic C ity &
O cea n C ity R R . — see term s b e lo w — and ow ns 521 8,50 0 o f the c o m m o n
s to c k o f the A tla n tic C ity & O cean CIty C o m p a n y , w h ich holds all the s to c k
an d b on d s o f the A tla n tic C ity & O cean C ity R R .
V . 85, p . 158.
In a
quo w arranto suit b ro u g h t b y th e S ta te the S u p rem e C ou rt o f N ew Jersey
A p ril 3 1908 sustained rig h t o f c o m p a n y to h o ld a co n tr o llin g Interest In
C en tral P assenger R y . an d also rig h t o f tw o co m p a n ie s to m aintain a
tr a ffic agreem en t. V . 8 6 , p. 1099.
Contract with W est J ersey & S ea S h ore RTl.— A t r a ffic a greem en t has
been en tered Into w ith the W e s t J e rse y & S ea S h ore R R . b y w h ich the
A t la n t ic A v e . line o f th e latter r o a d , ru n n in g fro m A tla n tic C ity t o L o n g p o r t , 8 K m iles. Is op era te d b y this c o m p a n y .
T h e W e s t J ersey & Sea Shore
R R . has an o p tio n t o pu rch ase fro m M ay 1 1913 t o M ay 1 1918 a m a jo rity o f
th e A tla n tic C ity & S hore R R . s t o c k .
V . 85, p . 158. T h e n ew p r o je ct
has been financed b y II. F . B a ch m a n & C o . o f P h ila d e lp h ia .
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k 5 1 ,0 0 0 ,0 0 0 (5 1 0 0 ).................................................
51.0 0 0 ,0 0 0
1st m tg e & c oll tru st d e e d ) 1005
5 g J -D
585 0.00 0 D e c 1 1945
5 1 .0 0 0 . 000 (51,000) g - - -C*J In t. at G irard T ru s t G o ., Phi l a . , trustee.
B o n d s .— N o sin kin g fu n d , b u t can be ca lled at a n y tim e at 1 10 and Int.
R O A D .— O perates 47.45 m iles o f tra ck In and a rou n d A t la n t 'c C ity , In
clu d in g a r o a d th rou g h P le a s a n tv lllc, L ln w o o d and Som ers P o in t, to O cean
C ity , the t w o la tter p oin ts b e in g co n n e c te d b y 2 m iles o f trestle and brid g e
o w n e d b y th e A t la n t ic C ity & O cea n C ity R R .
O F F I C E R S .— P res.. W m . A . S tern ; V .- P ., Charles E v a n s ; S e c ., J . M .
C a m p b ell; T r e a s ., M ilto n J . G re e n e b a u m ; G en. S u p t., J . N . A k a rm a n .—
V . 8 5 , p . 158; V . 8 6 , p . 1099.
(1)
Atlantic Citv & Ocean City Company,
T h e A t la n t ic C ity & O cea n C ity C om pa n y w a s org a n ize d In D elaw are
an d ow n s th e entire (5180,000) s to c k an d all th e (5180,000) b o n d s o f the
A t la n t ic C ity & O cea n C ity R R . , an d has p led ged th e m as se cu rity fo r the
colla tera l tru st b o n d s b e lo w .
O f th e c o m m o n s to c k o f th e A tla n tic C ity &
O cea n C ity C om p a n y, 5 2 1 8,50 0 Is o w n e d b y th e A t l. C ity & Shore R R . T h e
la tte r leases the A t l . C ity & O cea n C ity R R . fo r 999 years, th e rental b e
in g 519 ,000 per a n n u m , an d an a d d itio n a l c o n tin g e n t sum equa l to 33 1 -3 %
o f th e net earnings, b u t n o t t o e x c e e d 525 ,000 p er a n n u m , w h ich shall be
a p p lic a b le to d lv s. o n th e p r e f. s to c k o f th e A t l. C ity & O cean C ity C om pa n y.
H . F . B a ch m a n & C o. o f P h lla . a n d N ew Y o r k o fle re d som e o f the bon d s
fo r sale In J u ly 1908 w ith a b o n u s o f 3 0 % In p re f. s t o c k .
V , 87, p . 165.
STOCK AN D BON DS—
D a te.
Interest. Outstanding.
M a tu rity .
C o m m o n 5 3 5 0 ,0 0 0 ...........................................................
522 0.00 0 ......................
P r e f 5 % n on -cu m 5 2 5 0 ,0 0 0 --------------------------175,000 ____________
C ollateral trust g old 5500,-1 1907
5 M -S
350 ,000 M ch 1 1 9 4 7
000 red eem a b le 110 & ln t -.J G lr a r d T ru s t C o ., P h ila d e lp h ia , tru stee.
S to c k .— T h e p ref. s to c k Is red eem able a t p a r on a n d a fte r M arch 1 1910.
R O A D .— T h e A tla n tic C ity & O cean C ity R R . ow n s 2.02 m iles o f road
fro m Som ers P o in t, across G reat E g g H a r b o r B a y , o n brid g e and trestles,
t o O cea n C ity . R a lls , 85 lb s . V . 8 5 , p . 158; V , 87, p . 165.
STOCK AN D B O N D S.
D a te .
In terest. O utstanding.
M a tu rity.
S to c k 5 1 ,0 0 0 ,0 0 0 (5 1 0 0 )...................................................... 5 1 ,0 0 0 ,0 0 0 ......................
A u gu sta R y & Elec m tg e g o l d ) 1900
5 g J -D
1,0 0 0 ,0 0 0 Jun e 1 1940
51 000 000 ( 5 1 , 0 0 0 ) ___ c * ) l n t . a t M er. T r . & D e p . C o ., B a lt ., T ru stee.
B onds — Can be called In 10, 20 o r 30 years fro m d a te at 105 and Interest
on 6 m o n th s ’ n o t ic e . S in k in g fu n d Is H o f 1 % , b e g in n in g June 1 1905,
fo r 15 years 1 % fo r n e x t 10 years an d 2 % fo r re m a in in g 10 yea rs.
R O A D __ O perates 31.72 m iles o f t ra ck on 17 m iles o f street.
R E P O R T .— F o r 12 m o n th s e n d in g D e c. 31: In 1905, gross (ra ilw a y and
lig h tin g ), 528 6 ,0 2 3 ; n e t, 5 1 4 0 ,1 1 1. V . 7 8 , p . 341.
NORTH AUGUSTA ELECTRIC & IMPROVEMENT CO.
O w ns th e en tire s t o c k (5300,000) an d b o n d s (5300.000) o f the N o rth
A u g u s ta H o te l C o . and en tire s to c k ($10,000) an d b o n d s ($500,000) o f th e
A u g u sta & A ik e n R y ..’ also ow n s $ 7 4 4,70 0 o f the $ 7 9 0,40 0 c o m m o n s t o c k ,
entire Issue ($130,400) o f preferred s to c k and all th e $30 ,000 b o n d s o f th e
N o rth A u g u s ta L a n d C o .
STOC K A N D B O N D S.
D a te.
Interest. O utstanding.
M a tu r ity .
C om m on $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )...............................................$ 1 ,0 0 0 ,0 0 0
.......................
P re f 5 % n -c $50 0,00 0 ( $ 1 0 0 ) - - - - - --------5 0 0 ,0 0 0 .......................
N o rth A u g u s ta E lec & I m p .) 1901
o g A -O
1 ,0 0 0 ,0 0 0 O c t 1 1951
C o first m o rtg a g e $ 1 , 0 0 0 , - [In te r n a tio n a l Trust C o ., B a ltim o re , T ru s te e .
000 g o ld ($ 1 ,0 0 0 )_________ c j In te re st a t A u g u s ta and B a ltim o re .
B o n d s .— A re s u b je c t t o call a t 105 on a n y Interest d a te u p o n 60 d a y s
n o t i c e — V . 7 6 , p . 918 .
(1)
Augusta & Aiken Ry.
O R G A N I Z A T I O N .— Is co n tr o lle d b y th e N o rth A u g u s ta E lectric & I m
p ro v e m e n t C o . S to c k Is $ 1 0 ,0 0 0 ; b o n d s , $ 5 0 0,00 0 o f 5 % 30 -y e a r g old
b o n d s: Interest J a n . and J u ly , an d m a tu rin g Ja n . 31 1931. B on d s all d e
p o site d as s e cu rity fo r N o rth A u g u s ta E le ctric & I m p r o v e m e n t C o . b o n d s.
R E P O R T .— F o r 12 m o s . e n d in g D e c. 31 1905: G ross, $ 91 ,753 ; n e t ,
* 3 R O A D .— O perates 24.34 m iles o f tra ck fro m A u g u s ta , th ro u gh C lear
w ater, B a th , L a n g le y , W a r r c n v lllc an d G ra n lte vllle , t o A ik e n , S . C .
S tand ard g a u g e , 6 0 -lb . T rail. O p en ed S e p t. 1 1902.
AUSTIN, TEX.
AUSTIN ELECTRIC R Y.—A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d In T e x a s on M ay 29 1902 as a r e o rg a n i
za tio n o f th e A u stin R a p id T ra n sit R y .
STOC K A N D B O N D S.
D a te .
Interest. O utstanding.
M a tu r ity .
S to c k , $35 0,00 0 ($ 1 0 0 )...................................................
$ 2 7 5,00 0 F i b '0 8 , 4 %
First m o rtg a g e $ 3 5 0,00 0 g o ld ) 1903
5 g A -O
350 ,0 0 0 A p ril 1 1933
( $ 1 ,0 0 0 ) ..................................... /I n t e r e s t at E q u ita b le T ru st C o ., N . Y . . T r u s .
B o n d s .— A re s u b je c t t o call o n an d a fte r A p ril 1 1908 at 105 an d in te re s t.
D ivid en d s. - - In 1004. 1 0 % ; In 1905, 1 0 .7 7 % ; In 1906, 5 .5 % ; In 1907,
5 % : In 1908. F e b , 4 % .
E A R N I N G S .— F or ca le n d a r y e a r 1907: G ross, $14 6 ,6 7 0 ; n e t. $45 ,2 2 4 .
R O A D .— O perates 15.91 m iles o f tr a c k .
E n tire ro a d re -b u ilt In 1905.
O F F I C E R S .— P res, and G en. M g r ., W . J . Jon es; V . - P . , F . H . W a tr ls s .
N ew Y o r k ; T r e a s .. E. I>. W llm o t ; S e c ., Claud V . P e e l.— V 78, p . 1704.
9
ELECTRIC RAILWAYS
Feb., 190!>. I
STOCK A N D BO N DS—
D a te.
Interest. O utstanding. D iv . o r M a t V
Central R y .— 1st m tg e , $ 60 0,-f 1882
6 J-J
511 ,000
J u ly 1 1912
0 0 0 , sink fu n d , c u r r e n c y .-1 S u b . t o call a t 100 In ce rta in am ts y e a r ly .
1 T r u s t e e , S afe D e p . & T ru st C o ., B a ltim ore.
O R G A N I L RTAIN
0ST 4 s su cce sso r In 1903 t o t h e P o w e r D e v e 1o p m en t C o .
[ I n t . a t N a t. M ecn . B k , B a lt.
ln , th e B akersfield G as & Iilectrlc L ig h t C o . an d th e B akersfield
C on sol m tg e , $70 0 ,0 0 0 , g . f 1892
5 g M -N
6 86 ,000 , M ay i 1932
R y . D oes th e en tire e lectric lig h tin g , p o w e r , gas an d street railw ay business
($1 0 0 0 ) ................................( In terest a t N a tio n a l M ech an ics B a n k , B a lt
o f K ern an d B a k ersfield . V . 7 7 , p . 401 .
,
-(M ercan tile T r . & D e p . Co. o f B a lt., T ru stee.
STOC K A N D B O N D S.
D a te.
Interest. O utstanding.
¥ a^ u^ H 4
E x t a n d Im p 1st m tg e .i’ 1897
5 g M -S
600,000 M ch 1 1 9 3 2
S to c k $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )............................................ - - - - * 2 .500,0m )
» .e u x t.
$ 6 0 0 ,0 0 0 , g ($ 1 ,0 0 0 )____( B a lt. T ru s t & G u ar. C o ., B a lt., T r u s te e .
Bakersfield & K ern E lec. R y .) 1903
5 g J -J
1 2 5 , 0 0 0 J u ly 1 1 9 3 1
s
tIn te re s t a t N a t. M e ch a n ics’ B a n k . B a lt.
$25 0,00 0 gold ($1,000) — c /U n l o n T r u s t C o ., San
Iru ste e
B o n d s.— O f th e $38 ,000 ,00 0 o f 1st c o n s o lid a te d b o n d s , $26 ,450 ,00 0 h a v e
B akersfield Gas & E lec L t m t g ------0 1*-A 15
^ 0,0 00 P e r io d ica lly
been Issued an d $11 ,550 ,00 0 h a v e be e n set aside fo r th e re tirem en t or
N ew
m o rtg a g e
$ 2 ,5 0 0 ,0 0 0 1 1 9 0 3
5 g J -D
7 7 8 , 0 0 0 Ju n e 1 1 9 3 3
u n d e rly in g s e cu ritie s. T h e S eries “ A ” ca r tru sts o u ts ta n d in g w e re o r ig i
g old ($ 1 ,0 0 0 )................. ......... /M e r c a n tile T ru s t C o ., San F r a n cis c o , T ru stee.
B o n d s .— O f th e $ 2 ,5 0 0 ,0 0 0 new b o n d s , $ 1 7 5,00 0 are reserved fo r p rio r n a lly $ 2 4 5 ,0 0 0 ; t h e y m atu re $35 ,000 p e r an n u m on O ct. 1 fr o m 1908 t o
lien s.
B on d s are subject to call a n y Interest d a te “ on basis o f 4 M /» re 1914, b o t h In clu siv e . T h e Series “ B ” c a r tru s t b o n d s in a b o v e ta b le w ere
in v e s t m e n t.”
S in kin g fu n d o f 1 0 % o f n e t earn in gs a fte r p a y m e n t or o r ig in a lly $ 68 0,00 0; th e y are a first m o r tg a g e o n 200 ca rs, an d m atu re
$85,000 p er a n n u m fro m O c t . 1 1908 t o 1915. T h e y are re d e e m a b le on
charges co m m e n ce s a fter 5 y e a rs. V . 7 7 , p . 401 . $2 0 .o o 9 b o n d s w ere held
a n y ln t. d a te a t 1 0 2 H an d ln t. V . 81, p . 32. T h e seriesi " C c a r trusts
in sin k in g fu n d on A u g . 31 1008. O f th e B a kersfield &
u e c. R y .
b on d s 82,500 are held In sin k . fu n d .
O f th e B a kersfield G as & E lec. w ere o rig in a lly $390,000 an d m atu re $39,000 a n n u a lly fo r 10 y e a r s , an d are
L ig h t C o. b on d s $10,000 have been re tired b y s in k , fu n d an d $ 1 4 , 1 are s u b je c t t o call at 102 ys. T h e y are a first m o rtg a g e o n 90 cars.
S to ck .— T h e preferred s to c k r e p o rte d a b o v e as o u ts ta n d in g Is all th a t
n ow held In sam e.
___
non. not
E A R N I N G S .— F o r fiscal y e a r e n d in g Ju n e 30 1908, gross, $10 8,92 0, n e t, rem ain s o f the origin a l Issue o f $ 1 4 ,0 0 0 ,0 0 0 , th e rest h a v in g b e e n c o n v e r te d
In
to
In co m e b o n d s .
.. , _
a fter Interest an d takes, $58 ,6 8 5 .
___ . _
. nn, orlH
D I V I D E N D S .— D ivid en d s o f K o f 1 % w ere p a id In Ju n e 1899 an d 2H i %
D I V I D E N D S .— D iv id en d s o f 1 % w e re p a id In Ju n e 1904, Ju n e 100a a n a
in D e c . 1899, an d 2 % e a ch six m on th s a fte r th a t t o an d in clu d in g D e c . 1903,
Jun e 1906, and 2 % w as p a id In Ju n e 1907.
. o n b o th th e In co m e b on d s an d th e p re f. s t o c k , th e p a y m e n t cm th e s to c k
R O A D .— O perates 7J^ m iles o f track b etw een a n d th ro u g h o u t K ern and
(b u t n o t o n th e b on d s) be in g s u b je c t t o a d e d u ctio n o f H o f 1 % fo r ta x e s .
B akersfield.
A lso does e le ctr ic lig h tin g , p o w e r an d gas bu siness,
w as
P a y m e n ts d u e Ju n e and D e ce m b e r 1904, Ju n e a n d D e ce m b e r 1905 and
o v e r 100 m iles o f e le ctric p o w e r lin es.
„
_
.
, ,
Jun
e 1906 o m itte d an d in 1906 c o u p o n s fo r these d a te s w ere f u n d e d , as
O F F I C E R S .— Pres, and G en. M g r., C. N . B e a l, San F ra n cisco , A ss t G e n .
n o te d a b o v e , an d su b se q u e n t c o u p o n s w ill In lik e m anner be fu n d e d as t h e y
M gr., Jas. G o o d w in , Bakersfield; S e c. a n d T r e a s ., I '. G . D ru m , San I tan
m
atu
re up t o an d Inclu din g D e c. 1910.
„
c is c o .— V . 77, p . 401.
R O A D .— M iles o f tra ck , 3 9 6 .1 9 2 ; cars, 2 ,0 0 4 ; gau g e, 5 f t . 4 M In. R a lls ,
7 0 -lb . T an d 9-In . an d 113 -lb. girder. C a p a c ity o f (6) gen erating s ta tion s,
5,305 K . W .; c a p a c ity o f (6) s u b -s ta tio n s , 27,000 K . W .
BALLSTON SPA, N. Y.
R E P O R T fo r the y ear en d in g D e c . 31 1907, In V . 8 6 , p . 1096. In 1904
EA ST ER N N E W YO R K R R .— A trolley roadl
results w ere se rio u sly a ffected b y the B a ltim o re fire.
R ec e iv e r s h ip — O n Jun e 23 1908 F red erick H . B ea ch , G en . M g r., w as ap
1907.
1906.
1905.
1904.
p o in te d r e ceiv er, J u ly 1908 ln t. o n b o n d s h a v in g been d e fa u lte d .
V . 8b, Car m iles r u n ........................ 2 6 ,9 5 3 ,7 2 7 2 6 ,0 3 5 ,3 2 7
2 5 ,4 3 1 ,1 7 6 2 3 ,3 9 7 ,5 1 5
R e v e n u e pa sse n ge rs____ 1 42 ,114 .99 5 133 ,785 ,60 1 1 2 2 ,318 ,43 8 1 09 ,526 .90 8
P ’ O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Y o r k o n D e c . 12 1904 an d Is T ran sfers
55,1 6 5 ,5 8 1
5 3 ,4 1 3 ,4 9 2
4 9 ,2 9 2 ,8 2 1 4 3 ,9 3 2 ,2 1 9
su ccessor t o B allston T e rm . R R .. sold u nd er fo re clo su re on D e c. 29 1904.
G ross e a r n in g s -...................... $ 7 ,018,081 $ 6 ,5 8 3 ,1 0 2
$ 6 ,0 2 3 ,6 9 8 $5,4 4 0 ,9 4 2
STOCK AN D BO N D S—
D ate.
Interest. O utstanding.
M a tu r ity .
O per. e x p e n s e s __________
3 ,4 7 0 ,0 8 7
3 ,2 2 0 ,9 4 2
2 ,8 3 5 ,5 3 0
2,8 7 6 ,5 3 9
S to c k . $ 1,750,000 ($ 1 0 0 )...............- ^ 0 0 .0 0 0
-----
1st m t g c , $1,7 5 0 ,0 0 0 ($5001 1905
5 g J-J
300 ,0 0 0 J a n 1 1 9 3 5
$2,5 6 4 ,4 0 3
$3,1 8 8 ,1 6 8
$ 3 ,3 6 2 ,1 6 0
$3,5 4 7 ,9 9 4
an d $ 1 ,0 0 0 ), g o l d _______c*J M e tro p o lita n T r u s t C o , N . Y . . T n iste e .
2 ,2 4 4 ,5 7 9
2,2 3 0 ,0 6 6
2,3 6 5 ,5 8 6
2 ,487,942
F ix e d ch gs. & t a x e s .
B o n d s — A re n o t s u b je c t to ca ll. N o sin k in g fu n d .
V.. 8 0 , p . 1728.
R O A D .— Is b oth a freigh t a n d a passen ger r o a d .
O w ns M U n s 'v c
$31 9,82 4
$958,102
$996,574
$ 1 ,060,052
term inals a t B a llston S pa.
lia s 15 m iles o f tr a c k , w ith a lin e fio m B allston
10,238
2,725
4,725
6,505
to M iddle G ro v e .
E x ten sio n s w ere co n te m p la te d to A m s te r d a m , J o h n s O th er In c o m e .
to w n an d G lov ers v llle, fo r w h ich unissued b o n d s w ere reserved.
$3 3 0 ,0 6 2
$960,827
$ 1 ,0 0 1 ,2 9 9
$ 1 ,066,557
O F F I C E R S .— P r e s .,T . F . B a rr e tt, B a lls to n S p a .— V . 86, p . 1589.
929 .762
980 ,000
[ 1,028,899
BAKERSFIELD, CAL.
$37,658
BALTIMORE, MD.
Street R ailw ays o f Baltim ore p a y a P a rk T a x o f 9 % o f gross ea rn in g 3
w ithin old C ity L im its, and are required to pave between tracks and two feet
on each side:
U N ITED R A I L W A Y S & ELECTRIC C O . O F B A L T IM O R E .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d a t A n n a p o lis M arch 4 18J9. C o m
prises all th e passenger railw ays In B a ltim ore C ity an d B a ltim ore C o u n ty
a n d lines e x te n d Into A n ne A ru n d el C o u n ty an d H o w a rd C o u n ty ,
through
th e presen t an d previou s c o n s o lid a tio n s , e m b ra ce s th e fo llo w in g :
B a ltim ore C a ton svllle & E lllc o tts C entral R a ilw a y C o m p a n y ■ . .
Mills P assen ger R R .
G w y n n s Falls R a ilw a y o f B a ltim ore
B a ltim ore C ity Passen ger R y . C o.
C ity.
B a ltim ore C on solid a ted R y . C o.
M arylan d T r a c tio n .
B a ltim ore & C urtis B a y R y .
^
P im lic o & P lk e sy llle R R .
H alt G a rd en svlllc <5c Dclfl.Ii* K lc c . R y . Shore L in e E le c tr ic H y .
B a ltim ore & N orth ern E le c . R y . C o. W a lb r o o k G w y n n -O a k ^
A lso ow ns all the s to c k , an d h olds a lease, o f the B a ltim ore b p a tro w s
P o in t & C h esapeake R y . C o. T h e c o m p a n y likew ise c o n tr o ls b y o w n ersh ip
o f s to c k th e Y o r k R o a d T u rn p ik e , th e Charles S treet A v e . T u rn p ik e , th e
H a r fo r d T u rn p ik e , the B a lt. & Jerusalem T u rn p ik e an d th e B a lt. H alet h Frorm * r^ lkow nedR tyhe $2,000,000 c o m m o n s to c k o f th e U n ited E le c tr ic
I teh t * P o w e r Co o f B a ltim o re , c o m p ris in g th e e le ctr ic -lig h tin g Plants o f
B a ltim o re , b u t In Jan. 1903 sold the sam e, to g e th e r w ith Its h o ld in gs o f th e
s t o c k an d bond s o f the M t. W a sh in g to n E le c tr ic C o . (V . 7 5 , P. 1158 an d
V . 76, p. 160) and the sam e Is n o w c o n tr o lle d b y th e C o n so lid a te d G as,
F'ir'f'tiic i.le h t & P ow er C o. o f B a ltim o re .
_____
" F u n d in g of C ou pon s on Incom e B o n d s .— In J u ly 1906 u n p a id c o u p o n s on
In com e b on d s fro m June 1904 t o Jun e 1906 w ere fu n d e d u nd er a fu n d in g
a greem en t.
In com e c o u p o n s up t o a n d ln c lu & n g D e c . 1 1 M w l l l a l s o be
so e x ch a n g ed a t m a t u r it y , an d these co u p o n s h a ve been sta m p e d w ith this
a g r e e m e n t ? See p la n In V . 8 3 , p . 156; $ 1 3 ,643 ,00 0 o f th e $13 945,000 1 h a ve
been d ep osited u n d er th e p la n . See V . 83, p . 753 , 1 0 3 8 , V . 84, p . 133A \ h
N ew A llied C om p a n y.— In A u g . 1900 th e M aryland E le ctric R y * .
had agreed t o p ro v id e fu n ds fo r needed Im p rovem en ts a n d n®cA ^ s*tlo n s
o f the U nited R y . & E lec. C o ., w as c o n s o lid a te d w ith th e B a ltim ore «
A n n ap olis Short L in e, thus fo rm in g th e M arylan d E le c . R y s .
See sta te m<P < ^ r tC on U a cL — On^Junc" 28 1907 m a d e a c o n t r a c t w ith th e M c C a ll’s
F errv P ow er C o. c a llin g fo r th e d e liv e r y o f 10,000 k ilo w a tts (1 3,500 h .p .)
d a lly for 10 yea rs, t o beg in S e p t. 1 1908.
P o w e r e x p e c t e d t o b e a v a ila b le
d u r in g 1909.
F or d ela y on a c c o u n t o f p a n ic , s e c V . 8 o, p . 163, 140o.
Vorirw T ru st.—-In M arch 1905 a large m a jo rity o f th e s to c k w as de p o site d
w ith the Safe D eposit & T ru s t C o. o f B a ltim o re , to b e h eld In a v o t in g trust
fo r 3 years from F eb . 25 1905. V . 80. p . 998 , 1236.
In F e b . 1908 A le x
R r o w n H C raw ford B lack , F . A . F u rst and G eo. C. Jenkins w ere requ ested
b y h olders t o a ct as trustees u n d e r a new a g re e m e n t, w h ich Is to co n tin u e
in force until M ay 1 1911. U nder the agreem en t the s to c k d e p o s ite d c a n
n o t b e sold w ith o u t the con sen t o f 7 5 % o f the holders th e r e o f, a n d th en o n ly
u p on term s th at will secure the sam e return for all the s to c k h eld b y trustees.
See V . 8 6 . p . 422 , 549.
STOCK AN D BO N DS.
D a te.
Interest. O utstanding. D lv . or M a t y .
C o m m o n , $24 ,000 ,00 0 ($50) - .......................- - - $1 5 ,0 0 0 ,0 0 0
-------
P r eferred , c u m ., $14,000,000,1 ------4
5 5 ,0 0 0 f D e c . 190 3, 2
n i r S'jO
- -J
lICSS yi /o .
In c m t g c ." g . " $147000,000,1 1899 4 g J -D
1 3 ,9 4 5 ,0 0 0
1949
c u m ., ta x free, M aryland P a y a b le a t o p tio n o f C o . .a ft e r M arch 1 1949
T ru st Co. c * ($ 1 ,0 0 0 )____ J In t. at A le x . B ro w n & S o n s, B a ltim o re
1 st c o n m tg c, g . $38,000,0001
1809 4 g M -S
2 6 ,4 5 0 ,0 0 0 M ch 1 1 9 4 9
($ 1 ,0 0 0 ); C on tin en tal T r u s t /In te r e s t at A le x . B row n & S o n s, B a ltlC o. B a ltim ore, T ru stce_c*J
m ore.
2 .5 2 0 ,0 0 0 Ju n e 1 1936
In c o m e fd g b on d s ($100, $5001 1906
5 g J -D
an d $1,000) $ 3 ,9 2 0 ,0 0 0 .- c f
210
S ee text.
Cni* trusts Series “ A ” $350,-1 1904 5 g A -O
l
, w,000
,vvu
000 gold ($ 1 .0 0 0 ) - - - - — - l i n t , a t F id e lity & D cp . C o ., B a lt ., T ru ste e .
Car tru sts, Series “ B ,” $850,-1 1905
5 g A -O
505 ,000
See text.
0 0 0 (81 000)
..................c f l n t . a t S afe D c p . & T r . C o ., B a lt., T ru ste e .
C a r trusts Series “ C ," $390,-1 1906
5 g A -O
312 ,000
S ee text.
000 - - - 1 - - - - - - - - - - - - - - - ) l n t . a t S afe D e p . & T r C o .. B a lt .. T ru stee.
U N D E R L Y IN G S E C U R IT IE S
B altim ore T ra ction — 1st ( $ l , - f 1889
5 M -N
1 ,500,000 N o v 1 1929
000) m tg c , T ru stee M ercan-j In terest a t N a tio n a l M e ch an ics B a n k , B a ltl-
$21,299
$31,065
a In 1907 an d 1905 “ e x tra o rd in a ry e x p e n d itu re s ” w ere ch a rg e d In their
e n tire ty d ir e ctly to In com e.
In 1906 the "e x t r a o r d in a r y e x p e n d itu res
am o u n te d to $1 ,4 3 6 ,6 9 3 . o f w hich $98 0,00 0 w ere ch a rged again st In com e.
O F F I C E R S .— P re s ., W illia m A . H ou se; V ic e - Pres . F ran k A . B u rst,
G en. M g r., T h o m a s A . C ross; S e c ., W illia m E a r l y ; v '
iV
W in d s o r ; A u d ., N . E . S tu b b s .— V . 84, p . 627, 869 993 . 1115. 1368. V . 8 5 ,
p . 1463; V . 86, p . 422, 549, 920 , 1096; V . 87, p . 546, 1606.
(1) Baltimore Sparrows Point & Chesapeake R y .—
O R G A N I Z A T I O N .— In Jan . 1903 w as leased fo r 999 ye a rs t o th e U n.
R y s . & E le c tr ic C o. o f B a ltim o re , w h ich gu aran tees th e b o n d s b e lo w , b o th
as t o p rin cip a l an d Interest, an d also ow n s all o f th e s t o c k . See V . 79, p .
2643.
H as 37.131 miles o f tra ck . Inclu din g a line 22 m iles lo n g c o n n e c tin g
B a ltim ore w ith the M aryland Steel W ork s a t S p a rro w 's P o in t, a n d e x t e n d
in g b e y o n d a lon g the shore o f C h esapeake B a y , w here su m m er resorts have
been e s ta b lis h e d .
B o n d s o ffe r e d fo r sale In J a n . 1905. V . 79, p . 2643,
a n S T O C K 'a 'n D2 B O N D S —
D a le .
Interest. O utstanding.
M a tu r ity .
«•> non o o o
____
___ _____
$400,000 ------- -----------1st m tg e ’. , $2,000’ oo6," gold)’ 1903
4 H g F -A
2 ,0 0 0 ,0 0 0 F e b 1 1933
($1 0 0 0 ),
guar p rin cip a l [F id e lity & D e p o sit C o ., B a ltim o re , T ru stee.
an d In terest.........................c*J In terest a t A le x . B ro w n & S on s, B a ltim o re .
R E P O R T .— O perations In clu d ed In U n ited R y s . & E le c. V . 8 0 , p . - 2 1 .
O R (L \ n 'i Z A T IO N ^ — s t o c k tril tiw n e d * b y U n ited R a ilw a y s & E le ctric C o .
In co rp o ra te d In 1901 w ith an a u th o rize d ca p ita l s to ck o f $25 0,00 0 t o b u ild
a line from B a ltim ore to L a u rel, a d ista n ce o f a b o u t 18 m iles. N o b o n d s.
A t Laurel c o n n e c tio n will be m a d e w ith th e B erw yn & L a urel E le ctric C o .,
w h ich co n te m p la te s a line b etw een Laurel and B e rw y n , th e la tte r a su b u rb
o f W a sh in g to n . C on stru ction n o t y e t b egu n .
(3) Baltimore Halethorp & Elkridge R y.
TTnitnd n v » 8- Flee
O R G A N I Z A T I O N .— M a jority o f s to ck o w n e d b y U n ited R y s . & E le c.
Co
H as m a d e a $300,000 m tg e. to F id e lity T ru st Co. o f B a ltim ore, tru s
te e . 2 0 -y ea r 5 % b o n d s , prln an d ln t. p a y a b le at A le x a n d e r B row n & S on s.
B a lt.; n o t gu ar, b y U n ited R y s. & E le c. C o. O w ns a b o u t 3 m iles o f r o a d ,
w h ich Is o p e r a te d b y U n ite d Itys. & E le c. Co.— V . 87, p . o43.
E l - - * y . w .s
a cq u ire d b y Interests frien d ly t o th e U n ited R y s . & E le c, for^th e p u rp o se ,
a m on g oth e rs, o f using th a t c o m p a n y to finance th e needs o f th e U n ited R y s .
& E lec. C o ., for a d d ition a l p ro p e rty , a n d ch a rter am en d ed b y Legislatu re In
1906 to a d a p t It to th a t p u rp ose.
In A u g . 1906 w as con soL w ith th e B a lti
m ore & A n n ap olis S h ort L in e, w h ich la tte r line has sin ce b e e n ele ctrifie d .
T h e M arylan d E le ctric R a ilw a ys th en a cq u ire d car b a rn sites, term in a ls,
& c an d Is e rectin g bu ild in gs, con stru ctin g ex ten sion s, p u rch a sin g e q u ip
m en t & c . w h ich i f leased to th e U n ited R y . & E lectric C o. fo r an ann u al
rental o f 6 % upon the a ctu a l co s t o f th e p r o p e r ty . A t m a tu r ity o f th e
$8 000 000 b on d s o f T h e M arylan d E lec. R y s ., th e U n ited ob lig a tes Itself
to n urchase the p ro p e rty so leased a t a sum s u fficie n t t o retire th e b o n d s.
See o la n In fu ll In V . 8 3 . p . 156. T h ere Is n o g u a ra n ty e n d o rse d o n b o n d s ,
b u t Urn1term s are such th a t rental w ill be s u fficie n t to p a y In terest. A
sy n d ica te to o k $ 4,000,000 o f the b o n d s.
D eliv ery w as to be m a d e o f $ 1 ,
000 000 each on O ct. 1 1906, F e b . 1 1907, J u ly 1 1907 an d Jan . 1
as co m p a n y was n ot In Im m ed iate need o f fu n d s, an d In view o f financial
strin g en cy .s y n d ic a te has been ta k in g b on d s as co m p a n y needs th e m o n e y .
S y n d ica te has n ow (Jan. 1909) ta k e n u p th e e n tire $ 4 ,0 0 0 ,0 0 0 b o n d s,
s t o c k listed on B a ltim ore S to ck E x ch a n g e In r c b . ism s.
STOC K A N D B O N DS—
D a te.
Interest. O utstanding.
M a tu rity .
S to c k , $1,2 0 0 ,0 0 0 ( $ 5 0 ) - - - - - - - - - o o o non n o t i
1 st M $8 000 000. g ($1.000),1 1906
5 g A -O
4 ,0 0 0 ,0 0 0 O ct 1 lO o l
sink f d ’
’
- .c * J M ercantile T r & D e p . C o ., B a lt., T ru stee.
B a ltim o re "
" A n n ap olis l s t f 1906
5 g F A
1 000 .0 0 0 A u g 1 1946
m tge $1 000 000
............. F id e lity T ru st C o ., B a ltim o re . T ru ste e .
m tg e , *i.u u u .u u u
\ in te re s t a t A le x . B row n & S on s, B a ltim ore
__ A sinkina fund o f 1 H % on M d. E le c. R y . 1st m tg e . b o n d s o u t
begins O ct. 1 1909.
B on d s are red eem a b le a t 110 an d ln t. on a n y ln t. d ate
u p o n 90 d a y s ’ n o tice .
In t. p a y a b le at o ffic e o f A le x . B row n & S on s. Se
Bonds
' 'D iv id e n d s ^ F i r s t d iv id e n d ( 1 H % ) w as p a id In Ja n . 1907 an d 2 % w as
nald J u ly 1 1907.
I n 1 9 0 8 , J a n ., 1 % ; J u ly , 1 % : n o n e sin ce.
. . .
R O A D .— O perates 22 m iles o f tra ck fro m C liffords to A n n a p o lis , w h ich
has been c o n v e r te d t o e le ctr ic ity . A n e x te n sio n k n o w n as th e S t. P a u l
S treet B o u le v a rd line w as c o m p le te d In 1907; It Is leased to th e U n ite d R y s .
N e B r ‘D tv Dm ° ( $ l 0 0 0 ) 5 s J 1892™ ' 5 g J -D
1,7 5 0 ,0 0 0 Ju n e 1 1942
* O F F i C E R S — P re s ., J o h n W ils o n B ro w n ; V lc e -P r e s . an d G en M gr ,
T r u s .,M e r T r .& D e p .C o .c ll n t . a t N a tio n a l M e ch a n ics’ B a n k , B a lt.
Jam es F . H e y w a rd ; S e c ., A u stin M cL an a h an ; T r e a s ., G eo. M a y .
V. 8 0,
C ity & Suburban R y . B on ds— j 1892
5 g J -D
3,0 0 0 .0 0 0 Ju n e 4 1922
p . 1577; V . 8 6 , p . 3 3 7 . 1159.
_______
1st
* i,o
l 000)
. . ( l n t . aDt e pAole
x . &B ro
w nst &
S onBs,a ltB
ltim
o ree..
1st m
in tge
tge, g
g f($
uu)
s ,t
T ru
Co->
., a T
ru ste
B a lt.C aton sv.& E llicott’s M ills j 1806
5 J-J
500 ,000 J u ly 1 191
BANGOR, ME.
1 st intcrp sr>()o o o o m in tr ^S afe D c p . <Sc T r . C o ., H a lt., l i u s t c c .
lilt.
1st m t g c , $.)UU,oou, p u n s - j
^ Naltlon al M echanics* H ank, B a ltim ore
O R G A m Z V P I O N . - I n t o r p o S R In M aine on F e b . 16 1905 an d Is a
Lake
R oland E levated— 1 s tf 1892
5 g M -S
1 ,000,000 S e p t 1 1942 co n so lid a tio n o f the B a n gor H a m p d e n & W In to rp o rt R y ., t h e P u b ll c W o r k s
m tg e , gold ($ 1 ,0 0 0 ) . .c * & r ( In terest a t A le x . B row n & S on s, B a ltim o re . C o. the B a n gor O ron o & O ld T o w n R y . and th e O ld T o w n E le c tr ic C o .
[B a ltim o re T ru s t & G u a ra n ty C o ., Trustee.
O n F e b . 1 1906 ab so rb e d th e B a n g o r & N orth ern R R ., w h ich w as a r e
B a ltim ore C ity P assenger— l s t f 1891
5 g M -N
2 ,0 0 0 ,0 0 0 N o v 2 1 9 H
o rg a n iz a tio n o f th e P e n o b s co t C entral R y .
V . 8 2 , p 33, ? ' J ? r° Cm b m rd
B a n k , B a lt.
m tg c $ 1 ,000, g o ld _____ c * ( In terest a t N a t. M e ch a n ics
ele ctric lig h tin g and p o w e r business o f B a n c o r, O ld T o w n , B rew er, M ilford ,
e
(S a fe D e p o sit & T ru s t C o. o f B a lt., Iruste^e.
O ro n o , V e a zle and H a m p d e n .
A lso f u ^ s h e s w a te r s u p p ly t o B rew er
B a ltim ore C ity P a ssenger— \ 1897
4 H e M -N
500 ,000 N o v 2 1011
a n d O ld to w n . F ran ch ise fo r a b o u t 12 m iles o f tra ck In B a n g o r exp ires in
Certs o f In d eb t, $ 5 0 0 ,0 0 0 ,)In terest a t N a tio n a l M ech an ics B a n k , B altl- 1912; o th e rs are u n lim ited as t o tim e.
g ($500 and $ 1 ,0 0 0 ).............J m ore.
g.
10
ELECTRIC RAILWAYS
T h ro u g h ow n e r sh ip o f all the b o n d s an d p r a c tic a lly th e en tire issue nf
s t o c k . It c o n t r o ls th e B ar H a rb o r & U nion R iv e r P o w e r Co
w h ich had
a b s o r b e d t h e B a r H a r b o r E lec. L t. C o ., E llsw o rth W a te r c i a d d Elfs?
w o r t h E le c . Iliu m . C o.
T h e B a n g o r R y . & E le c, also ow n s all b o n d s and
s to c k o f th e E lls w o rth P o w e r S u p p ly C o. V . 87 p 1009
and
StfcT
k ° $s1f,5500
_
^
’ ''o u$1tsta
n d Ann
in g Tn nMinn
a tu rity
otOCK,
0 0N,0oD0noBfS,N
0 ($ 1 nmS
0 0 )------------------5 Q -J
ftQf)
« .
1st c o n m tg e , g , $ 2 ,0 0 0 ,0 0 0 ] 1905
5 g J -J
1.851 000 J u ly 1 19-15
„ (* 5 0 0 , $ 1 ,0 0 0 )....................c * jG u a r a n t y T ru st C o ., N ew Y o r k T ru stee
P u b lic W o r k s C o, 1st. g o l d ,] 1899
5 g A -O
600 000 A p ril 1 1 9 2 9
b S r W X r (3 3r0° r , T ’000) C*1Interpst a t O ld C olon y T r . G o ^ B o s C . V m s
P lls w o r th W a t e r C n ................................
%
100 .000 M ay 1 1921
E lls E lec Iliu m C o, l s t m t g e . ': " . T
|%
25 000 A u g l 1 9 0 9
B o n d s .—-O f th e $ 2 ,0 0 0 ,0 0 0 n ew b o n d s, $ 1 4 9,00 0 can be used fo r e x t e n
sion s a n d b e tt e r m e n ts a t 8 5 % o f co s t.
A re s u b je c t to call o n 12 w e e k s'
n o t ic e a t 107 H an d Int.
In terest Is p a y a b le In N ew Y o r k an d B a n gor
See
p a r ticu la r s , b o n d s , p r o p e r t y , & c., V . 87, p . 1009. T h e P u b lic W o r k s Co
b o n d s a re n o t s u b je c t to ca ll. V . 80, p . 2456.
c vvorKS C o .
k A i r v V v r ^ ^ _ i “[,’ Jlvriianni11m bas b c V.n PaW on th e s to ck sin ce O ct. 1 1905
c o r p o r a t io n s ? 3 " F
fl
1 years e n d ln g Jllr>e 3 0 , not In clu din g c o n tro lle d
G ross e a r n in g s ............... . . . $ 4 15°10,913 $4112°.434 $360° , 0 7 5 $ 3 2 5 ° 1 4 9 $202°o"l9
O p e ra tin g e x p e n s e s .......... - 227 ,342 2 1 8 ,3 7 5
ls e is is
194,163
lSO ^O S
-------------------- -- - *‘16,305 $31,473
$26 ,059 $60 750
r R® oR'
O perates 62.5 m iles o f tra ck In B a n gor and B rew er \ l7 Vnrt
fro m B a n g or to H a m p d e n , to O r o n ., t o O ld T o w n and to C h nH e^ nn
RaAl?,v;V ^ ?^ 9£~l b - ^lrder and T sta n d a rd ga u g e !
d t0 c h a l l e s to n .
_ O F F I C E R S .— P r e s ., J o h n R . G ra h am ; V .-P . F ran k S U lim in ir •
W" ° ™
g h t Jr '"
W
H . S n 'o w . -
VT.
B A R R E & MONT PELIER TRACT ION & P O W F P c n
_ \
1st M . gold $100,000 ($5001 1897
5 g M -N
100 000 n' o v ' V tn i'v
e a c h ), n o t s u b je c t t o c a l l . c f l In t. a t A m / I o a n & T r 6 n
R « t I ° VT * ? 17
E A R N I N G S .— F iscal y ear en d in g Ju n e 30 1907- Grass * ^ ’i L rVSte?
$12 ,4 8 5 ; Interest an d t a l e s , $7,220? s u rp lu s, $2 513
’ *4 5 ' 104: n e t '
R O A D .— B a rrc to M on tp elier, V t .,
m iles oDenecl Tnnp •xn 1 smq
Dravf“ - M°
-
b e 3°cap8abie o f
H
Tr r> v.
»
'
B ;
BEATRICE, NEB
j & ' & i l f t f Sj5n!S.ilCT‘ tlcc- T"c b M, u° E l e c l r l c M r is
BELLINGHAM, WASH.
V R A I L W A Y & LIGH T C O — A trolley road.
. V .Y A W I/?a j (O N -— In co rp o ra te d In N ew Jersey on N o v . 26 1902
P en .
r>°iu 1
c n t lrc street ra ilw a y, gas, e le ctr ic -lig h tin g and p o w e r business o f
B ellin gh am . P rin cip al railw ay fra n ch ise e xp ires In 1941; m in or railw ay
[ rar}?.h.\se *n 1034: e lectric ligh tin g an d p o w e r fra n ch ise In 1940; gas fra n ch ise
in 13 4 1 . In O ct. 1905 a cq u ire d th e N o o k s a ck p o w e r pla n t o f the B e lilm ?
ham ^Bay Im p r o v e m e n t Co. and also the ligh tin g franchises o f th at c o m p a n y ]
N ew S tock .— In Ju n e 1907 $220,000 o ld p re f. s to ck o u tsta n d in g w as re
tired (V . 84, p. 1369) and sto ck h o ld e rs a u th orized a new Issue o f S7 5 0 onn
P re f - s to c k .
V . 85. p . 1144.
P ref. s to c k Is re d e e m a b le at 110
°°0
STOCK AN D BO N DS—
B a te .
Interest.
O utstanding
M atari to
C o m m o n , $ 75 0,00 0. ( $ 1 0 0 ) ................................ .........
$750 0 0 0
A IaturilVP r e f $750,000 6 % c u m ----------------------VI S
28o|600 M e h 'o f f i %
F irst m o rtg a g e. $2,500,000 ,1 1905
5 g M -N
1,5 1 8 ,0 0 0 N o v l i o a S
g old ($1 000)
............. . . / I n t . a t C ity T ru s t C o .. B o s t o n T r u s t e e
B on d s— B on ds S u bject to C a ll as a w h o le on a n y Int. d a te at 105 and int
S in k in g fu n d o f 1 % per an n u m o f b o n d s o u ts ta n d in g , if earned co m m o n e rs
N o v . 1 1906; o n N o v . 1 1911 b e co m e s o b lig a t o r y .
' c o m m e n ce s
D iv id en d s.— 6 % Is being paid on preferred sto ck .
E A R N I N G S .— F o r 12 m o s. en d in g D e c. 31 1908, gross s i r ? okv .
$ 1 5 5 ,4 9 3 ; ch arges, $9 9 ,6 9 2 : d lv ., $13r836; surplus, $ 4 1 :9 6 5 .’ 536 2' 252; n e t ca?s.eraUS ' ° 56 m ' ICS ° f tla C k ' S tand ard ^ u g e . R a lls 40 to
O F F I C E R S .— P res., G u y E . T rip p ; V .- P s ., J W
S p rag u e; S e c ., A lvah K . T o d d ; T r e a s ., H e n ry B. S a w y e r - G e n
T ra n sfer A g e n ts, S ton e & W e b s te r, B o s to n , M ass. M gr
L
P L a"d
Hallowed
pM B .'T V s V ;: Y ,a “ -
,ntt
v - •*-
>o«; v “ ";
BENTON HARBOR, MICH.
BENTON HARBOR-ST. JOE RAILW AY & LIGHT CO.
(O N -— (u co rp o ra te il In M ichigan In Jan . 1906 and Is a c o n J o scp h rilectrlc R y - &
s S ^ f . O ^ O o S 3 ? . - - Dal e:
° U$937<70o"
M atUrltVM , $ 1 ,00 0 ,0 0 0 , g o ld ] 1906
5 g M -N
612,’000 N o v l i o i i
n J*590 au d f l - 0 0 0 ) - - - -------c ) l n t . at C ol. F in. & T r . C o ., L o u isv ille T ru s
B 1 L * S J E1 R y & L 1st M ,] 1900
5 g M -S
200 000 Sept 1 1 9 2 0
$ 20 0,00 0, gold ($1,000) — / I n t . a t A m . T r . & S a v . B a n k , C h ic P T rustee
_ .R o n d s -— O f th e $ 1 ,° 0 0 -000 new b o n d s, $200,000 are reserved t o retire
PnteLitentS and. ^AK8 ,0 ?nuf o !! e x te n sio n s. T h e y are s u b je c t t o call on a n y
atf
*200 ,000 b o n d s o f th e o ld c o m p a n y a fte r 1 9 1 0
V ? 71 fp!” 268? V n7 2 ° p S 282°00 P€f a n n u m bu t b o n d s c a n n o t be ca lle d .
See
“
lo w
m f S l f t S e r m i " J i n . ' 0 E “ u C“ lr e - n" " ‘ lni! * t0' " 1 o t 30 n' llc>:
IrB'- r 4,|
ln S-'iP " N- M lnary, B en ton H a rb o r, M ich .- V -P
W lllfr; ^ 3 . n o t t s ’ L o u ,s v li,e :
BIDDEFORD, ME.
BIDDEFORD & SACO R R .— A tro lle y road
O R G A N I Z A T I O N — In co rp o ra te d F eb . 1 9 1887
S tock
s i1o0o0Bo
^ 0n-----------------------D S__
DatC'
ln_te r e s t- O utstanding.
rity .
S
to c k°(S
(550)A
o O ), $
,0 0
5100 000 O M
c ta' 0tu
4
“ Ort- * 300.000K ($1,000)1 1900
4 g j-D *
150,000 Ju n e 1 194^°
9
N o s. f. bu t can b e ) Interest at P o rtla n d T ru s t C o . P o r tla n d ,
called In 1920 .......... ..............J trustee.
D ivid en d s.— [n 1902 2 !~ j % :l n 1903 3 % - In 1904 3 1 4 % - in 1905 4 ^ in 1906, 5 % ; in 1907, 5 % ; In 1908, 5 % .
' 3 ^ / 0 ' ln 1 J O j' 4 / 0 E A R N I N G S — F or fiscal years e n d in g Jun e 30
1 9n ?oa
, „ i v .f SI n t., etc. D ivid en d s. S u rp .
-------------------------$73 ,418
$19 ,520
$7 059
$5 000
87 dfil
1 9 0 6 -0 7 .............................. 67,582
18,145
7.321
5 000
5 824
O rchaAdD B e a c h ratCS 8 mUCS ° f tra ck betw een S a c o , B ld d e fo r d and Old
O F F I C E R S — P resid en t, C. H . P r e s c o tt, B ld d e fo r d ; S e cre ta ry and T reas
u rer, E . F. L o r d .— V . 70, p . 104 8: V . 7 3 , p . 494 .
y
eftS
BINGHAMTON, N. Y.
R A I L W A Y C O .— A tro lley ro ad .
O r G A N IZ A T T O N — Is a co n s o lid a tio n D ec. 6 1901 o f th e B in gh am ton
R R . C o (ch artered A u g . 11 1892 as a c o n s o lid a tio n o f all street railw ays In
c it y ) an d the B ing. Lestershtre & U nion R R .
P rin cip al fr a n c h is e s w a n te d
b y special A c t s o f L egislatu re, and are said to be e x clu siv e and perpetu al.
IntCTeSL
0U % T A Z ‘
w p g . T n iM O ... N . Y .. I
‘
j
168.000 A p r l ioiO *
N Y
T ru stee
(S 5 0 0 0 ,I up vo
50 ou’ o ° 1 n l 8 1 9 2 2
(10 .0 0 0 C y e i l i U r 2 !
B in g . L e s t. & U n . 1st M .)
1895 5 g J -D
1*47’0 00 Ju n e1Y 1925
($ 2 5 0 ,0 0 0 )
g o k i, p r ln -)
In te re st a t M etrop olitan T ru st N Y '
clp a l an d Int. g u a r ............j
B in g h a m to n T ru st Co T ru stee ’
’
B in g . R y . 1st c o n s o l, m o r t. 1 1901
5 gM -N
712 0 0 0 4N o v 1 1 9 1 1
$ 2 5 0 0 ,0 0 0
g o ld
( $ 1 -/I n t e r e s t a t F id e lity T rust C o 9 B u ffa lo T rus
0 0 0 ) ---------------------------------- c * J te e , o r S eab oard N ation a l Bank N ow Vm-ir
. D^ ndS- Z 7 ° { th f b,o ntl3 o f (8 9 3 , $95 ,000 m ature ln Install merits’ as bid 1m ted"
In th e t a b le , and th e rem ain d er M ar 1 1923. O f the $900 0 0 0 n n f h n r h « i
$ 2 0 0 , 0 0 0 are reserved t o retire th e 6s o f 1910 at m a tu rity , $32 000 ohf w hfch‘
have been re tire d .
O f the n ew b o n d s o f th e B in g h a m to n R v C o s i 1 i n
000 w ere Issuable a g ain st th e retirem en t o f c o rre s p o n d in g a m n n n t I V f
p rio r lien b o n d s $15 0,00 0 w ere Issuable Im m e d ia te ly , $200 0 0 0 u p ^ n c e r t a in
sp ecified c o n d itio n s , and th e re m a in in g $1,0 0 0 ,0 0 0 o n ly u p o n th e w ritten
l n t 'e r « t P
V . ' T K f T * “ **
“ “ »'•«“ « . V I S l S
D iv id en d s.— 2 % w as p a id Ja n . 31 1902; 2 % M ar. 3 1903- 2 %
1 .
1004 and 2 % A p r. 10 1905. A scrip d iv id e n d o f ' 0 % w as’ paid A n r’ i s
1905.
In 1906, M ay, 2 t f % .
In 1907, D e c .. 2 H % .
P
AP
18
R O A D .— O perates 4 5 .5 0 m iles o t tr a c k . C on n ects B in g h a m ton w ith
L e stcrsh lrc, H o o p e r , E n d lc o tt, U n ion and P o r t D ick in s o n . A n exten sion
from U nion to O w ego Is to be co n s tr u c te d . S tan d ard ga u g e, 60-lb to 9 4 -lh
- and girder rail; 75 m o to r cars and 27 trail cars.
'
1DR E P O R T .— F igu res fo r y e a r e n d in g Ju n e 30 1908 gross s u n s i s .
n e t. $ 1 3 0 ,1 8 4 ; Int. and ta x e s, $ 10 0,71 5; surplus, $ 29 ,469 .
? 3 1 0 ' 828.
O F F I C E R S .— P re s. G . T . R o g e rs ; V .- P . G eo. E . G reene; S e cre ta ry Tohn
B . R o g e rs; T rea s. H . C. H a rd le ; G en M an . and P u r. A g t. J P u n a r i ?
o f fic e , B in g h a m to n , N . Y . — V .7 7 , p. 247- V . 78, p. 342, 701 , V . 79, p. 1649!
BIRMINGHAM, ALA.
B IR M IN G H A M R Y . L IG H T & P O W E R .
C o n tro lle d b y th e A m erica n Cities R y . & L ig h t C o ., w h ich ow n s 88 3 » i
o f th e c o m m o n an d 7 8 .8 % o f the p re fe rre d s to c k .
V . 83, p . 36.
O R G A N I Z A T I O N .— C o n so lid a tio n o n Jun e 13 1901 o f th e B irm in gh am
F.a!l . C9 ' ,Dth e c ®nsolldate<;( , E le ctric L ig h t C o . and th e Birm ingham ^ R y .
L ig h t & P o w e r C o . C om prises all th e street railw ays, gas and e le ctric-lig h t
an d p o w e r plants o f B irm in gham and all the principal n e a r-b y cities and
1c
p t o n ° f the gas business In B essem er and the electric
ligh tin g in N o rth B irm in gh am . Franchises c o v e r in g gas, e le ctrlc-llg h t and
pow er business and street railw ay lines are, w ith som e u n im p o rta n t e x c e p
tion s. stated to be p e rp e tu a l. O w ns an d operates a steam h eating p la n t ln
b irm in g n a m .
Isid o re N ew m an & Son o f N ew Y o rk and N ew O rleans arc Fiscal A g en ts.
Commc?nK(SA ™
^
InteresL
Z ^ O O oZ
See"'text
P referred s to ck ($100) 6 % ) .....................................$5,5 0 0 ,0 0 0
S ec te x t
$3,5 0 0 ,0 0 0 c u m u la tiv e ____ / _
a ,t-,t
*i rag non ron ’ no o o?
BEATR IC E ELECTRIC COM PAN Y
6 0 -I|h° A J 4 0
. . D a te ‘
B1m o r t I$200 0S0 0 eCt R R " 1St) 1?r°°t
B in g h a m to n ’ R R : ' c S f * M .',) M etr° P ° ,lta n T ru st
$ 9 0 0 ,0 0 0 , g . $ 1 ,0 0 0 .. . . c * |
(See te x t) In terest at M e t-) 1893
5 g J -J f
.
rep resen ted if^ F r a n k ^ I ^ C o r ^ ^ P r e s .^ o flih e ^ f r s t N a t^ B a ^ L o f M r?
f " h i n g nf , 0 0 0 Vh !ep 'POWer Plant 0n W ln ° 0Skl R lv e r to
O F F I C E R S .— P r e s ., F . M . C o r r y , M ontpelier* V - P
S t o c k ? ? ? ,l 1 £ o o o B ?$ WD0 ? ~
SS,Si5f^iS&,S,io,,,«3Seui£^'aaS2
N et ea rn in g s ...................... $224,571 $19 4,05 9 $173,557 $130 986 S t n i 2 4 4
F ix e d ch a r g e s .......... _ ............$10 3,31 7
$93 ,888
$91 300 $70 236 ?
’
74,949
68,698
56 198
’
------------D iv i d e n d s ...........- ..................
BARRE,
[Vol. LXXXVIIT,
B1M
Mc*?/If fn t1r
J J
'982',000
J u lyVnrlr
2 1924
51,22n5
5gO
0h,00O0R($l&OOO)1St
0 0 ($ 1 ,0 0 0 )------c
e8r94
e s tf at5 S'
Central
T ru st
Co
New
Ge/si*nnn»* S 10-0 0 0 -000 S o ld i 1904
4 H ffA -()
8 ,7 2 0 ,0 0 0 A p ril 1 1954
( $ i , o o o ) ........ ....................... c I In t. a t C o m m ercla l-G erm an la T r . & S av Bk
M
* ® "
» f M .0 0 0 .0 0 0 " , 7 o , 0 , , ” , W
■”
] * (;,00° (
^oIc(
s in k in g )In te r c s t a t O ld C o lo n y T ru s t C o ,. B oston ]
nincl — - - - - ---------- -- - - c J T ru stee, an d N . Y . a ge n cy o f co m p a n y .
Bon ds.
O f the n ew $t.o,000,000 b o n d s, $ 9 ,702,000 are reserved fo r prior
< ?n9 nn5nno°f00
c,ost o f ad<*ltlons a fte r ex p e n d itu re o f first $1,250 000^
$ 1 ,200.000 fo r co st o f new pow er house If first lien on sam e, balan ce for 8 0 %
o f co st o f a d d itio n s If net earnings are 1 Vi tim es the Interest on all bond s
o u tsta n d in g , Inclu din g those to be Issued, and p ro v id e d 1 0 % o f gross earn
ings have been e x p e n d e d fo r m ain ten an ce w ith in previou s 12 m on th s T h e
d ire cto rs m a y m ake the rate o f Interest on su cce e d in g Installm ents n o t to
e xceed 6 % , B onds not subject to call. S in k in g fund ot Vi o f 1 % o f b on d s
o u ts ta n d in g starts ln 1918.
F o r details o f b o n d s, p r o p e r ty , & c., see V .
87, p. 1603.
O f the gen eral m o rtg age o f 1904, n o m ore b o n d s can
be Issued. S in k, fu n d , o f Vi o f 1 % o f b on d s o u tsta n d in g , begins 1 9 2 4 . T h e
bon d s are subject to call on and a fte r A p ril 1 1909 at 105 and Interest.
F or
the 1st 5s o f 1894, $12,500 per ann um Is p a y a b le Into a sin kin g fu n d : $268 000 have been ca n ce le d .
D ivid en d s.— First d lv . on pref. s to c k , o f 3 % , paid In Ja n . 1002. and 3 %
has be e n p aid sem i-a n n u a lly sin ce t h e n , t o and Inclu din g Ja n . 1909; on
c o m . s to c k In 1903, 3 % ; in 1904, 4 % ; ln 1905, 4 % ; In 1906, 5 % ; n o n e sin ce.
R E P O R T .— F o r calen d ar years:
N et after
Interest and
Y ear.
G ross.
T a xes.
S in k. F u n d
S u rp lu s
1908
$2,1 6 7 ,5 4 6
$73 3,69 6
$527,386
$206,310
1907
2 ,2 2 0 ,9 9 9
699 ,5 2 0
479 ,5 0 6
220 014
1906
1,932,878
8 2 1 ,9 7 5
427 ,5 1 6
394 459
1905
1,630,514
737 ,844
369 ,6 1 2
368 232
1904 ....................................... 1 ,424,145
602 ,453
329 ,5 1 6
272 937
1903
1,311,851
573 ,852
304 ,7 5 5
269 097
1902
1.076,767
466 ,7 1 7
267,444
199i273
R O A D .— O perates 133 m iles o f trade ln c it y o f B irm in gh am , and e x
te n d in g also t o B essem er, P ra tt C ity , E n sle y and several su bu rbs
S ta n
dard gau g e.
A ll b u t 2 1 .3 m iles 60 t o 1 00 -lb. T and girder rails.
O perates
278 cars.
O F F I C E R S .— P res, a n d G en . M g r., A . H . F o r d , B irm in gh am - V - P s
G eo. H . D a v is , N ew O rleans, an d L ee C. B ra d le y, B irm in gh am - S e c ”
J. P . R o s s ; T re a s. an d A u d ., 0 . M. C o r y .— V . 84, p . 803. 1427- V '8 5 n '
98, 22 0 , 598, 653; V . 86, p . 479 ; V . 8 7 , p . 1603.
’
’ pA M E R IC A N C IT IE S R A I L W A Y & L IG H T C O .— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— In c o r p o r a te d ln N ew Jersey on June 16 1906
lia s
a cqu ired o v e r 8 5 % o f th e c a p ita l s to c k s o f th e B irm in gham R v lio-h t £
P o w e r C o ., the M em phis S t. R y ., th e L ittle R o c k R y . & E le ctric On th o
K n o x v ille R y . & L ig h t C o . and th e H o u s to n L igh tin g & P o w e r On ”
term s o f e x c h a n g e , see V . 83, p . 35.
* or
O u tsta n d in g S ecurities A m erican C ities R a ilw a y & I Ivht
STOC K A N D BO N DS—
D a te.
Interest. Outstanding
M atu ritu
C o m , $15 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...............................................
$10,761 1 6 5
A la tdritu.
P re f, $ 12 ,500 ,00 0 ($100) 6 % c u m ------Q -J
6,906 1 7 7 J a n ’ o n 'i u V
S tock.— P referred s t o c k m a y be red eem ed a fter three years nt 1 0 7
. /j
a ccu m u la te d d iv id e n d s .
, u / >4 and
D ivid en d s.— First d lv . on p re f. s t o c k , 3 % , w as paid Jan 1907- also 1 u %
A p r ., i V i % J u ly , an d l V i % O ct.
In 1908, 6 % .
In 1909 Jan i u » - /0
Incom e A c co u n t.— F o r y ear e n d in g D ee. 31 1908:
73 /a‘
D iv id e n d o n s to c k o w n e d . .$ 5 3 3 ,0 3 0 G eneral expenses & tn-srs
s in i m
O th er In c o m e ...........................14,867 P referred d iv id e n d s (6 % ) 11 4 1 4 1366
Gross Incom e....................... $54 7,89 7
I13}1|....................................... 51.253.71 (
M e.
l o o fi.......................................? 7 ? n f i i 7
I 0 0 5 .......................................
i ’ s0,7‘io
n 6 741
1
------------------------ o ,oU
Balance, surplus
i ’ n V ° r 9, '
i
1 7
« 11
,71(>,8,)2
_
1 .156,005
1 ,005,65
« 4 n 9 7 81
$10 4
030
-39 0 1 .5 3 1
*910 ,088
2 0 ,8 7 6
**1,0
on? 701
O ut o f these surplus earnings there h a ve been set a side certa in reserve
fu n ds fo r b e tte rm e n ts , r e -co n s tru ctio n , d ep recia tion
reserve
O F F I C E R S .—P re s.. J. K . N e w m a n , New Y ork- V - P ’ Geo FT D avisN ew O rleans; S ec. an d T r e a s ., L . C arroll R o o t , Nc’w Y o r k — VT" si" n i l ’
322, 1522; V . 84. p . 1 1 7 9 .
’
ew ro rk .
V . 8 3 , p . 35,
BLOOMSBURG, PA.
C OLUM BIA & M ONTOUR ELECTRIC R A I L W A Y
o?nA N I Z A T I ° N . — :I ncQ rpurated In Pennsylvania'in 1900.
F ran ch ises
run usjy years.
D a te Interest. O utstanding.
M a tu r ity .
S to ck $37 o,000 ($ 5 0 )_______ _________
___________
$375 000
1907, 3 %
IIrst_m ortgTige $375,000 g o ld ] 1901
5 g J-J
375 000 Jan
1 1931
($uOO and $ 1 , 0 0 0 ) . . . - C & r /I n t . at C o m m o n w e a lth T r. C o .. H a r ris b ., T r .
, 0£ ‘ ^
' 7
f rs‘ d iv id e n d — 2 % — w as paid O ct. 1903; also 2 % O c t .
1904, 2 % O ct. 190o an d 3 % O ct. 1906 ln 1907, 3 % .
12
[VOL. LXXXVIII.
ELECTRIC RAILWAYS
E A R N I N G S .— F o r fiscal y e a r e n d in g Ju n e 30 1008, gross, $73 ,375 - net
$ 2 7 ,0 1 1 .
In 100 0-0 7, gross, $ 8 0 ,7 3 1 ; n et, $3 5 ,0 2 1 ; fixed charges $18 750
su rplu s, $ 1 7 ,1 7 1 .
’
R O A D .— O perates 18 M m iles o f tr a c k , e x te n d in g fro m B erw ick to C ata
w lssa. S ta n d a rd gu a g e .
5 0 -lb . T ra il.
18 cars.
O F F I C E R S .— P r e s ., B . F . M eyers; V . - P . , E . R . Spon sler; S e c. a n d Treas.
W . M . O g le s b y , all o f H arrisbu rg; S u p t., W m . T e rw llllg cr. B lo o m s b u rg
O ffic e s B lo o m s b u r g a n d H a rrisb u rg.
BLUFFTON, IND.
M AR ION B LU FFTO N & EASTER N TR ACTIO N CO.— A tro lle y ro a d .
O R G A N I Z A T I O N .— O rga n ized In 1005 In I n d ia n a . P riv a te rig h t o f w a v
STOCK A N D BO N DS—
D a te.
In terest. Outstanding
M a tu rity
C o m m o n , $ 8 5 0,00 0 ( $ 1 0 0 ) . . . ......................
$ 8 5 0 non
lvlalurnu
F ir s t m tg e , $ 8 5 0,00 0 ($ 1 ,0 0 0 )1 1007
5 g j-j
720,000
J a n l 'I o 3 7
?,°A1b™ 2s f ^ , n 0L ^ d - - c & r J In t a t M arlon T ru s t C o ., In d ian ap olis, T ru st
BO N DS.
$ 1 3 0,00 0 are reserved fo r fu tu re be tte rm e n ts u n d er certain
r e s tric tio n s .
R O A D .— O perates 32 m iles o f track be tw e e n M arlon , w here co n n c c tIon Is m a d e w U h In d ia n a U n ion T r a c . C o. lin es an d K o k o m o M arlon &
W e s t . T r a c . C o ., an d B lu ffto n , I n d ., c o n n e c tin g th ere w ith F t. W a y n e &
g a u g e 8 7 0 d b T -r lfiaC
In d ia n a U n ion T r a c tio n C o. S ta n d a rd
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c . 31 1908, gross, $100 914
n e t , $ 4 4 ,o 4 o .
O F F I C E R S .— P r e s ., L . C. D a v e n p o r t; S e c . an d M g r., R . F Cum m insT r e a s ., W . A . K u n k el; A u d ., J . S . Clark; S u p t., C. W . Clark; all o r B lu fft o n !
BOISE CITY, IDAHO.
BOISE & IN T E R U R B A N R Y . CO.— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d 1896 In Id a h o .
STOCK A N D BO N DS—
D a te.
Interest. Outstanding
iMaturity
S t o c k , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 )........ ..........................
$1 150 0 0 0
1st m t g , $ 5 , '0 0 ,0 0 0 ,g ( $ l,0 0 0 ) \ 1896
5 g A -O
’o o o ’ ooo
ifn r,
s f and su b t o c a ll.......... c & r /I n t . at C olonial T ru st C o. ’ p it ts b T r i n f w
R O A D .— O perates 37 m iles o f track betw een B oise and Caldw ell Includ
Ing 7 m iles In B oise.
7 0 -lb . T -r a ii.
S ta n d a rd gau g e. O w ns a 5 5 0 ft
5 -sp an ^ brid ge o v e r th e B oise R iv e r .
A n e x te n s io n o f 1 y2 m iles in B oise Is
* O F F I C E R S .— P r e s ., W . E . P ie rce , B oise: V .- P ., Julian K e n n e d y P it t s
b u r g h ; S e c . a n d T r e a s ., T h o s . B . M c K a ig , P ittsb u rg h ; G en. M gr H a rrv F
D a lt o n , B oise.
B ’
“ y *-
BOSTON, MASS.
1906-07.
1905-06.
$4,620,311
D ed u ction s—I n t. on W e s t E n d d e b t . .
$66 8,28 0
T a x e s , W e s t E n d _______
574 ,113
T a x e s , B o s to n E le v a te d
294 ,017
C o m p e n sa tio n t a x ______
117,189
R e n ta l o f s u b w a y _______
205,522
D lv s . o n W e s t E n d s to c k
1,270,841
9,180
O th e r r e n ta ls ____________
R e n t to 0 1 d C o l.S t.R y .,& c !.
41,283
I n t. o n B os. E l. f u n d .d ’ t
348 ,137
E a st B o s. T u n ’l r e n t a l.
51,685
D e p re cia tio n f u n d _____
2 0 0 ,0 0 0
$4,364,022
$4,3 2 7 ,8 8 2
$ 4 ,1 2 3 ,9 1 6
$650,319
525,509
318,189
123,276
207,274
1,200,874
9,1 8 0
40,362
306 ,389
51,371
$65 3,68 0
573,204
344,823
115,987
201,269
1,190,248
9,180
37,783
3 00 ,000
49,708
$654,758
579 ,226
358 ,905
109,202
193,142
1,190,248
9,1 8 0
33,772
125,000
35,398
$840,064
798 ,000
$831,279
798 ,000
$851,778
798,000
$83 5,08 5
798 ,000
$42 ,064
$33 ,279
$53,778
$37,085
N e t e a r n in g s____________
In te re s t o n d e p o s its ____
B a la n c e _____
D iv id e n d ( 6 % ) .
S u rplu s fo r y e a r -
1904-05.
•246,941,776
4 8 ,2 7 3 ,6 2 2
$1 2 ,6 8 9 ,6 7 6
4 .2 2 0 ,2 3 5
4,0 7 2 ,0 2 3
107,426
51,893
10 0 ,0 0 0
* T h e se figures c o v e r reven u e passengers o n ly ,
N o d a ta a v a ila b le as to
free transfer passengers.
R oad S eptem ber 30 1908
M ile s .
A / ilcs
M ain lin e 1st track ( 6 . 6 m . " L ” ) . . 2 2 8 O w n e d b y W e s t E n d . .
405
do
2 d track (6 .5 m .“ L ” ) . . 1 9 3 L eases, tra ck a g e , & c .(1 6 .8 m .“ L " ) 69
S id in gs, & c. (3 .6 m iles “ L ” ) ______53
T o t a l (1 6 .8 m . “ L . ” ) _______
474
T o ta l (16.8 m iles “ L ” ) . .............474 E le c tr ic a lly e q u ip p e d _____________I 4 5 8
W e ig h t o f gird er rails Is 70 to 100 lb s.
Cars, 3 ,5 9 8 ; h orses, 257; electric
m o to rs , 6 ,2 2 0 ; sn o w p low s. 298; s n o w -sle d s, 622; m isc. v e h icle s, 553.
O F F I C E R S .— P r e s ., W illia m A . B a n cro ft; V .- P ., Charles S. Sergean tT r e a s ., H e n r y L . W ilso n ; S e c ., D aniel L . P re n d e rga st; A u d ., J . II. N eal —
V . 85, p . 863 , 920, 1143, 1460, 1576; V . 8 6 , p . 105 , 27 7 , 917, 1342; V . 87
p . 87 2 , 1089, 1237, 1299, 1357, 1477, 1662; V . 8 8 , p . 98, 373.
C om pa n ies Controlled by B oston E levated R a ilw a y C o.
(1) W est End Street R a ilw a y .— A tro lle y r o a d .
O R G A N I Z A T I O N .— L ea sed to B o s to n E le v a te d R y . until Jun e 10 1922
a t 7 % on co m m o n and 8 % on p referred In a d d itio n t o th e p a y m e n t o f
ren tals. Interest an d o th e r ch a rge s.
E le v a te d assum ed possession Jan . 1
1898. See term s In V. 65. p. 1223. C o m p a n y Is n o w to be con solid a ted
w ith the B oston E levated R y .
See particu lars u nd er latter c o m p a n y ,
V . 8 6 , p . 920 . In D e c. 1908 a c o m m itte e o f sto c k h o ld e r s w as a p p o in te d to
In ve stig a te and a d v is e regardin g the c o n s o lid a tio n pla n .
V . 87, p. 1534;
V . 8 8 , p. 102, 453.
In D e c 1896 leased the right to use th e s u b w a y a t 4 H % o f the n et c o s t
o f s u b w a y , stated a p p ro x im a te ly as $5,7 8 6 ,0 0 0 In S e p t. 1898, w h en the
third and last se ctio n was o p e n e d .
E n tire le n gth Is I 2-3 m iles, w ith a
track age o f a b o u t 5 m iles. See V . 63, p . 1065, 1117; V . 67, p . 528.
In A p ril 1907 the M assachusetts R a ilr o a d C o m m ission a u th orized
$ 4 2 0,00 0 a d d itio n a l c o m m o n s to c k at $85 p er $50 sh are, t o c o v e r c o s t
o f Im p ro ve m e n ts m ad e b y th e B o s to n E le v a te d .
V . 84, p . 572, 805.
T h e s to c k w as at o n c e o ffe r e d to shareh olders at th a t figure.
V . 84,
p . 932. O f this, $16,500 w as n o t taken b y the shareh olders, and In Jun e
1007 the C om m ission a u th o rize d the sale o f th e sam e at a u ctio n at n ot
leS3ont l1i ln p a r - V . 84, p. 1369. T h e p rice s re ce iv e d ra n ged fro m 8 1 ^
to 8 3 J i. V . 8 4 , p . 1553. I n D e c . 1907 >h C om m ission au th orized a fu rth er
Issue, fo r sam e pu rp ose, o f $ 1 ,0 1 0 ,9 0 0 c o m m o n s to c k , fix in g Issue price
at $70 p e r $50 share (V . 85, p . 1520, 157 8 ), at w h ic h figure (plu s a ccru ed
d iv id e n d ) It w as oltered to s to ck h o ld e rs (V . 8 6 , p . 5 3 ); $935,450 w as taken
an d rem ain in g $75,450 w as so ld at p u b lic a u c tio n , b rin gin g $ 8 0 H p er
share
_
V . 8 6 , p . 109,
482, 549.
S T O C K A N D * B O N D S .—
D ate.
Interest.
O utstanding.
M a tu ritu .
C om s to c k (85 0 )$ 1 1 ,1 2 0 .1 5 0 .. .
7 A - O $1 1, 120 ,15 0 O c t ’ 0 8 , 3 4
P re fe rre d ($50) $ 6 .4 0 0 ,0 0 0 ...
8 J -J
6 ,400,000 J a n .’0 9 , 4 %
G old b o n d s o f 189 4.............
1894
4 Vi g M -S
2 ,0 0 0 ,0 0 0 M ch 1 1914
G o ld b o n d s o f 1896, $2,275.1 1896
4 g M -N
815 ,000 M ay 1 1916
0 0 0 n o t m o rtg a g e d
1
2 .7 0 0 .0 0 0 F e b 1 1917
G o ld b on d s o f 1897. $2,700,-1 1897
4 g F -A
0 0 0 n o t m o r tg a g e d _______c ]
C u rren cy b o n d s ( $ 1 ,0 0 0 ) n o t ! 1900
4 .7 4 3 .0 0 0 A u g 1 1915
4 F -A
m o r t g a g e ............. ................. c j l n t e r e s t a t O ld C o lo n y T ru st C o ., B os to n .
B on d s ($ 1 .0 0 0 ).........................c * 1902
4 F -A
5 ,7 0 9 ,0 0 0 A u g 1 1932
B on d s ( $ 7 0 0 , 0 0 0 ) . . .............C & r 1 9 0 8
4 )( J J
7 0 0 ,0 0 0 Jan 1 ,1 9 2 3
B o n d s.— W ith the e x c e p tio n o f 1900 Issue (n o te d a b o v e ) in terest on all
Issues Is p a y a b le at A m erica n T ru s t C o ., B o sto n .
O F F I C E R S .— P r e s ., Joseph B . R u sse ll: T r e a s .. P a rk m a n D e x te r .—
V . 87, p . 1012, 1089, 1161, 1534; V . 88, p . 102.
(2) Somerville Horse RR.
.
O w ns 8 .0 3 m iles o f tra ck .
L e a se d t o W e st E n d S tre e t R y . fo r $9,180
y e a rly — 6 % on $153,000 sto ck .
D iv id e n d s are p a y a b le (M & N ) In B o s to n .
BOSTON E L E V A T E D R A I L W A Y .— (S ee M a p on page 1 1 .)
O R G A N I Z A T I O N .— C h arter g ra n te d In 1897 p ro v id e s fo r an e x te n siv e
system o f free tran sfers. T h e c o m p a n y a lso , In a d d itio n to regular street
ra ilw a y ta x e s , has to p a y % o f 1 % o f gross “ earnings o f all lines ow ned
leased or op e ra te d b y I t ,” an d a sum equa l to the excess o f the d ividen ds
over 6 % .
Its ch a rter, h o w e v e r, Is u n d e rs to o d to “ gran t It e x e m p tio n fro m
re d u c tio n o f fares, an d also o th e r Im m u n itie s.”
(Sec M assachusetts P R
C o m m ission , V . 65, p . 1223.)
E le v a te d cars run w ith e le ctricity b y “ third
r a il" s y s te m ; su rface lines b y tro lle y .
Six m iles o f elevated road op en ed In
Ju n e 1901; In A u g . 1901 p u t In o p e ra tio n the A tla n tic A v e . L o o p D ivision
Lease o f W est E n d and S u bw ay and T u n n els.— T h e W est E n d S treet R v is
lea sed u n til Ju n e 10 1922.
" y ’ *a
In D e c. 1896 the W es t E nd S treet R y . le a se d th e right t o use the B oston
S u b w a y . See term s u n d er W e st E n d S treet R y .
O n D e c. 24 1904 the E a st B o sto n tu n n el (u n d er B oston H arbor) w as leased
b y th e B oston E lev a ted R y . until Jun e 10 1922 fo r a rental o f I* o f 1 % o f
earn in gs o f all lines o w n e d , leased o r o p e r a t e d . T h e c o m p a n y also c o lle c ts
a toll of on e c e n t p er p erson , w h ich goes to the c it y . T h e tu n n el w as o p e n e d
D e c . 30 1904.
It e x te n d s fro m th e m ain la n d to E ast B o s to n , 1 . 4 m iles
a n d c o s t o v e r $3 ,3 0 0 ,0 0 0 .
O n June 28 1902 W a sh in g to n S treet S u b w a y bill b e ca m e a la w . T h e c it y
has c o n s tr u c te d a tunnel fo r e le v a te d trains an d leased sam e to the B o sto n
E le v a te d R y . fo r 25 yea rs a t an ann ual ren tal o f
o f to ta l c o s t o f c o n
s t r u c tio n , w h ich Is e s tim a te d a t $ 9 ,0 0 0 ,0 0 0 .
V . 8 8 , p. 98. P r o p o s itio n
w as ratified b y v o t e r s a t the D e c. 1902 e le ctio n .
V . 75, p. 28, 49 6 , 1 3 1 5
V . 77, p . 2097; V . 8 2 , p. 21 7 . T h e W a s h in g to n S tr e e t tunnel began o p e ra
t io n N o v . 30 1908.
V . 8 7 , p . 1477.
In 1907 an A c t w as passed m o d ify in g
p la n s so m e w h a t, an d p e r m ittin g B o sto n T ra n sit C om m ission to co n s tr u c t
a s u b w a y to be k n ow n as th e R Iv c r b o n k S u b w a y , an d g iv in g this c o m p a n y
r ig h t to lease sam e fo r 25 y e a rs a t an ann u al rental equal to 4 A % o f net
c o s t th e r e o f.
A n o th e r A c t passed In 1907 au th orizes th e c o m p a n y to
b u ild an e le v a te d e x te n s io n fro m S u lliva n S q u a re , C h arlestow n, to M alden
a n d c o m p a n y has a p p lie d to R a ilro a d C om m ission fo r a p p ro v a l o f rou tes
p ro p o s e d . S ee V . 8 6 , p . 105.
O n A p ril 29 1903 leased fro m th e O ld C o lo n y S treet R v . all th a t c o m
p a n y ’s tra ck s In th e c it y o f B o s to n , a m o u n tin g t o 23.753 m iles. T h e lease
Is fo r 99 yea rs a n d p ro v id e s th a t besides p a y in g ta x e s the E le v a te d Co w ill
p a y 6 H % o f rep la cem e n t va lu e (appraised at $353,979. less the ren tal o f
c e r ta in sh ort pieces o f track ap p ra ised at $13,866) o f the p r o n e r tv leased as
o f d a te F e b . 16 1933, an d 4 % on the c o s t o f all a d d itio n s and be tte rm e n ts
S u bw ays in C a m b rid ge.— In Jun e 1906 a m easure passed b y the M a ssi
BOSTON SU B U R BA N ELECTRIC C O M P A N IE S.— A trolley system.
ch u s etts L egisla tu re b era m e a la w . w h ich perm its th e B oston E le v a te d to
c o n s tr u c t t w o su b w a y s in C a m b rid g e , and to Issue s to c k o r b o n d s t o m ept
O R G A N I Z A T I O N .— T ills c o m p a n y Is a v o lu n ta r y a sso cia tio n fo rm e d In
th e c o s t . A t th e end o f 20 years the c it y o f C a m b ridge Is to h a ve the rhrht N o v . 1901 o n th e sam e lines as the M assachusetts E le ctric C om pa n ies. T h e
t o p u rch ase these s u b w a y s b y p a y in g th eir c o s t plus 7 % Interest less d iv i p rop erties c o n tr o lle d arc the N e w to n S treet R y . (In to w h ich W a lth a m Street
tly. has b e e n m e r g e d ), N e w to n & B o sto n S tr e e t R y ., L e x in g to n & B oston
d e n d s . V . 8 3 . p . 93. See rem arks c o n ce rn in g these su bw ays In c o m n a n v 's
r e p o r t for 1908 as given In V . 84. p. 155.
P relim in ary w ork on su b w a y s Is S tre e t R y ., M id d lesex & B o sto n S tre e t R y . (In to w h ich the N a tick & Cou n d e r w a y . T h e c o m p a n y in 1908 Hied w ith the M ass. R R C om m nre- c h t t u a t e S t . R y . and the W e s t b o r o & H o p k ln t o n S t . R y . h a v e b e e n m e r g e d ),
llm ln a r y estim a tes o f th e c o s t , sh o w in g an ag g re g a te o f $ 1 0 ,6 3 9 ,2 7 8 . See an d the N a tick & N eedh am S tr e e t R y . T h e en tire Issues o f the s to c k o f
v . 8 7 , p . 16 6 2 .
these ro a d s h a v e b e e n a c q u ir e d .
In 1902 secu red en tire ($324,700) ca p ita
V . 74, p . 377 .
(T h e W a lth a m Gas
E x te n s io n .— An e x te n s io n o f the e le v a te d ro a d to F orest H ills Is e x p e c te d sto ck o f the W a lth a m Gas L ig h t C o .
t o b e in op e r a tio n In sprin g o f 1909. In A pril 1905 $ 7 ,5 0 0 ,0 0 0 n ew b o n d s earned $ 2 0 8,34 5 gross, $59 ,795 n et and $27 ,325 surplus above 10% d ivi
dends In y e a r e n d in g Ju n e 30 1908.) In 1902 also pu rch ased N o ru m b cg a P ark
w e re Issued to p r o v id e fo r this e x te n s io n and fo r p a y m e n t o f llo a tln g d e b t
a n d L e x in g to n P a rk .
A lso ow n s all o f the $50 ,0 0 0 s to c k o f the S u b u rban
& c.
b ee V . 8 0 , p . 1423.
In 1908 M ass. R R . C om m ission sus
D am ages by N o is e .— In A u g . 1902 J u d ge M ason, In the S u p e rio r C ou rt M fg. C o. (c o m p a n y has no b o n d s ).
tained a c t io n Increasing fares on several o f the s u bsid iary lines from five to
a t B oston , held th a t th e c o m p a n y Is lia b le fo r da m a ges fro m noise ca u se d
H as a cq u ire d fre ig h t r.g ilts In several o f th e
b y the op era tion o f train s. V . 7 5 , p . 496 . T h is w as a ffirm e d A p ril 1903. six ce n ts. V . 87, p . 345 .
tow n s a lo n g Its lines.
b y M assachusetts S u p rem e C ou rt.
V . 76, p . 809.
S T O C K .— Shares h a ve n o p ar va lu e , b u t In case o f liq u id a tio n the p re
Consolidation w itn West End Street R y .— U nder an A c t o f the M assachusetts
L egislatu re, a p p ro v e d M ay 28 1908, c o n s o lid a tio n w ith the W est E n d Street ferred sh areholders w ill be en title d t o $100 per share, w ith a ccru e d d iv i
den
d s; the c o m m o n shares p a r ticip a tin g p ro rata In the rem ain in g assets
R y ., n ow leased. Is p erm itte d ; 8 % cu m u la tiv e first pref. s to c k Is to be Issued
(See V . 73, p . 1159, 1263.) In 1904 15,635 shares o f preferred and 15 6 3 5
sh are for share, fo r the p re f. s to c k o f the W est E n d , and 7 % cu m u la tiv e 2d
p r e f. s tock fo r the com m o n s to c k o f the W est E n d . V . 8 6 . p. 917. 1342. shares o f c o m m o n w ere offered t o shareh olders a t $66 67 fo r o n e share o f
preferred an d on e share o f c o m m o n Join tly. L iste d o n B o sto n S to c k E x
S to c k h o ld e r s o f the W es t E n d S t. R y . p e titio n e d th e L egislatu re to allo w
ch a n g e In A p ril 1905.
8 / 1nt i y c e?5l3.
J u n c 1 9 2 2 ° n this 2 nd p re f. s to c k .
C om pa n ies h ave
D a te.
Interest. O utstanding.
u n til D ec. 31 1909 to a c c e p t the A ct.
M a tu r ity .
C om m on s t o c k _________________ ______
__________
47,969 sh.
....
STOCK A N D BO N DS.
D a te.
In terest. O utstanding
M a tu r ity .
P referred s t o c k , $4 p er sh. c u m ------Q -J
S t o c k , $2 3 ,0 0 0 ,0 0 0 ($ 1 0 0 )---------------F -A
$1 9 ,9 5 0 ,0 0 0 F e b l5 ’ 09 3 %
47,119 sh. J a n .l 5 ’0 9 ,7 5 c
C o u p o n n o te s, ( $ 1 , 0 0 0 ,$5,0 001 1908
5 J-J
D eb en tu res, g o l d ............... c & r l 1905
4 g M -N
8 ,5 0 0 ,0 0 0 M ay 1 1 9 3 5
5500,000 J u ly 1 1910
$10 ,000 a n d $ 2 5 ,0 0 0 ).......... / l o t . iB o s t o n S a f e D e p . & T r u s t C o ., tru stee.
_ ,
,
/Old Colony Trust C o., Boston, Registrar
N o te s .— T h e n o te s are secu red b y d e p o s it w ith tru stee o f $ 3 2 5,00 0 n otes
D e b e n tu re s , g o l d ....................c & r 1907
4 tf%
4 ,8 0 0 ,0 0 0 O ct 1 1 9 3 7
B on d s.— 1T h e co u p o n b o n d s are In d e n o m in a tio n s o f $500 an d $1,000 an d o f N ew ton S tre e t R y ., $20 0,00 0 n otes o f N a tick & C o ch ltu a te S t. R y ., $ 7 5 ,
registered b on d s are in d e n o m in a tio n s o f $ 1 ,0 0 0 , $ 5 ,000, $10,000 an d 000 n otes o f N o ru m b ge a Park C o. an d $150,000 o f the s tock o f the W a l
tham G as L ig h t C o.
V . 87, p. 36.
$50 ,0 0 0 .
•
R O A D .— C om panies ow n e d and c o n tro lle d op e ra te In the ag g re g a te a b o u t
On A pril 30 1907 shareh olders v o t e d t o Increase th e a u th o rize d s to c k to
141 m iles o f track fro m N eedham on th e sou th to L ow ell on the n o r th , and
$ 21 ,300 ,00 0 an d the b o n d e d d e b t from $ 1 1 ,000 ,00 0 to $16 ,800 ,00 0 to
c o n n e c tin g at five p o in ts w ith th e track s o f the B o sto n E le v a te d R y . A t
p r o v id e fo r new co n s tr u c tio n an d e q u ip m e n t. See sta te m e n t In V . 84* p
1051.
M assach u setts C om m ission w as p e titio n e d fo r a u th o r ity ’ to W e s tb o r o c o n n e c tio n Is m ade w ith the W o rce ste r C o n so lid a te d .
D ivid en d s.— First o f $1 on preferred paid A p ril 1902; also $1 J u ly 1902
Issue $ 8 ,0 0 0 ,0 0 0 o f the n ew s to c k ; also a u th o r ity to Issue $ 5,800,000 o f the
In 1903, 54; In 1904, $3; In 1905, $2; In 1906, $2 7 5
new b o n d s fo r the c o s t o f p o w e r a d d itio n s , new e q u ip m e n t and the Forest and $1 O ct. 1902.
H ills e x te n s io n . T h is la tte r a u th o r ity w as g ra n te d In Ju n e 1907. O f this In 1907, 5 3 . J a n ., A p r. an d J u ly 1908 d lv . passed, m aking arrears o f dlvs*
V . 8 5 , p . 1645. In O ct. 1908 d lv s . resu m ed and p aid
a m o u n t 5 1 ,0 0 0 ,0 0 0 has been Issued as 4s m atu rin g M ay 1 1935 an d rem ain to la tte r d a te $9.
In 1909, J a n ., 75 ce n ts .
“ u p a la
in g $ 4 ,8 0 0 ,0 0 0 w ere sold as 4 M s m a tu rin g O ct. 1 1937 ($2,5 0 0 ,0 0 0 a t p u b 75 ce n ts.
R E P O R T .— F or fiscal year en d ed S e p t. 30 1908: In c o m e , gross. $223 530lic sale an d $ 2 ,3 0 0 ,0 0 0 to a s y n d ic a te head ed b y R . L. D ay & C o. V . 85
p . ^ e s , 920; V . 86, p. 277 .
In D ec. 1908 M ass. R R . C om m ission sa n ctio n e d n e t, $17 7 ,2 2 2 ; d lv s ., $ 35 ,339 ; su rp lu s, $ 14 1,88 3; bad a c c ’ ts. $1 252- re
’
’
$ 6 ,6 5 0 ,0 0 0 a d d ition a l s to c k (ra isin g s to c k to $ 19 ,950 ,00 0) a t $110 p er share m ain der, $ 1 4 0 ,6 3 1 .
O F F I C E R S .— P r e s ., A d a m s D . Claflln;
V .- P . , W m . F. H a m m ett(in stead o f th e $ 8 ,0 0 0 ,0 0 0 , p e t itio n to Issue w h ich w as w ith d ra w n , V . 85
p . 1 4 6 1 ), t o d e fr a y th e c o s t o f th e C a m b rid g e su b w a y and fo r the co n s tr u c T r e a s ., A ld e n E . V lles; S e c ., A . A . B allantlne; A sst. T reas. G At C o x
v’
tio n o f the E ast C a m b rid ge a n d th e W e s t E n d ele v a te d lines.
V. 8 7 , p
V . 86. p . 1466. 1528; V . 87, p . 36, 3 4 5 , 812 , 1418, 1532.
*
’
1662.
S u b scrip tion s to n ew s to c k a r c p a y a b le $25 Ja n . 12, $30 J u ly 6
(1) L e xin gto n & B oston Street R y .— T ro lle y .
$25 O ct. 18 1909 and $30 Ja n . 25 1910.
V . 87, p . 1662.
O R G A N I Z A T I O N .— In c o r p o r a te d In June 1899. O p eration b e g u n In
D iv id e n d s — First d iv id e n d , 2 'A % , w as paid A u g . 15 1898.
In 1899
a v 1900.
5 'A % ! in 1900, 4 H % ; In 1001, 5 M % ; In 1902, 6 % ; In 1903, 6 % ; in 1 90 4’
STOC K A N D BO N D S.
D ate.
Interest. O utstanding.
M a tu r ity .
6 % ; In 1905, 6 % ; In 1906, 6 % ; in 1907, 6 % ; in 1908, 6 % ; In 1909, F e b ., 3 % ’
S
to
c k $525,000 ($ 1 0 0 ).......... - - - - - - ....................
$525,000 In ’0 3 -0 4 . 1 %
A N N U A L R E P O R T .— R e p o rt o f B o sto n E le v a te d R y . fo r y e a r e n d in g
First m o rtg age $50 0,00 0 g o ld ! 1900
4 )3 g A -O
500 ,000 J u ly 1 1 9 2 0
S e p t. 30 1008 in V . 88, p . 98.
F o r 1907, in V. 86. p. 105.
F or 1906 In
„ ( 5 1 . 0 0 0 ) ................................c * /I n t e r e s t a t B ea con T ru st C o ., B o s to n . T r u s t.
V . 8 4 , p . 155.
Current liabilities S ep t. 3 0 ’0 8 ..................................
2 ’’ 1 6 7 2
.............
Feb., 1909. J
ELECTRIC RAILWAYS
13
14
B on d s are s u b je c t t o call b e fo re J u ly 1 1905 a t 110, then until J u ly 1 1910
a t 107 H a n d th erea fte r a t 105.
E A R N I N G S .— Y e a r to S e p t. 30 1908: G ross, $15 1 ,5 9 3 ; n e t, $32 ,092
ch a rg e s , $41 ,0 0 2 ; d e f ., $ 8 ,9 1 0 .
R O A D .— O w ns and o p e ra te s 32.356 m iles o f tr a c k , leases 0 745 m iles
t o t a l, 33.101 m iles , e x te n d in g from A r lin g to n H eigh ts (term in u s o f B o sto n
E le v a te d s y stem ) th ro u g h L e x in g to n an d B e d fo rd t o B illerica , w here ears go
th ro u g h t o L o w e ll w ith o u t c h a n g e , and also to th e S u lliva n S qu are C h arles
t o w n , s ta tio n o f th e B o s to n E le v a te d I l y . , w ith b ran ch es to W alth am and
to C o n co r d ; la id w ith 9 5 -lb . gird er rail and 60 and 7 0 -lb . T r a il; op e ra te s 170
m o t o r s , 23 b o x and 38 o p e n cars; to t a l, 61 cars; 7 s n o w -p lo w s 2 w o rk cars
— V . 83, p . 155 , 818 .
(2) N ew ton Street R a ilw a y .— A tro lle y ro a d .
O R G A N I Z A T I O N .— C h artered In 1887. In D e c. 1903 the R a ilro a d C o m
m ission au th oriz ed an Issue o f $292,000 sto ck , share fo r sh a re ,fo r the s tock
o f th e C om m on w ea lth A v e n u e S treet R y . and $11 5 ,0 0 0 , share fo r share
fo r th e s to c k o f th e W ellesley & B o sto n Street R y .
V . 77. p 2098
In O c t . 1907 M assachusetts R R . C om m ission a p p ro v e d the co n s o lid a tio n
o f this c o m p a n y w ith th e W a lth a m Street R y . (pre v io u sly op e ra te d u nd er
a g reem en t) an d th e Issue o f $100,000 new s to c k w ith w h ich to b u y th e
$ 1 0 0,00 0 s t o c k o f th e la tte r r o a d .
O n A u g u s t 1 1908 M assachusetts R R . C om m ission gave a d e cisio n sus
ta in in g c o m p a n y ’s right t o ch arge 6-cen t fares and to charge o n e cen t
e x t r a (b e y o n d th e ord in a r y five cen ts) fo r each tran sfer Issued
See
V . 8 7 , p . 345.
STOCK AN D BO N DS.
D a te.
Interest. Outstanding.
M a tu r ity
S t o c k $90 7,00 0 (par $ 1 0 0 )....................
Q -J
$822,000 ’ 0 8 -’ 0 7 2 Vo
N e w to n St R y 1st M cu r n o t ) 1892
5 J-J
500.000 J u lv 1 1912
s u b j to call ($500) $ 5 0 0 ,0 0 0 1In t. p a y . at A m . L oa n & T r Co B ost T ru s
C om m o n w e a lth A v e first m tgl 1896
5 g F -A
75 000 F e b 1 1916
$75,000 ($500) g o l d .......... e * ) l n t . a t In te rn a t. T r C o ., B oston T ru stee
W a lth a m S t R y 1st m t g e ,/ 1905
5 g J-D
100,000 ’
1925
$ 1 0 0 , 0 0 0 ( $ 1 ,0 0 0 ) .............- - U n t . at A m erican T ru st C o .. B o sto n T ru stee
C u rrent liab ilities S ep t 30 1908 ....................................
508,058
A N N U A L R E P O R T .— F o r years e n d in g S ep t. 30:
1908.
1907. I
io o 8
1907.
G ross e a r n in g s ____$371,991 $363,049 B alan ce fo r d lv s
$41891
$20,595
N e t _______________ 114,467
94,367 D ividends p a i d . . .
4 l 'l 0 0
18,050
I n t , ta x e s , & c ___
72,576
7 3 ,7 7 2 1 B alan ce, surplus
791
^
2,546
R O A D .— O w ns 4 3 .467 m iles o f track ; total o p e ra te d . 44 605 __ V ” 7 8
p . 2 4 4 2 , 2599; V . 8 5 , p . 921.
(3) N ew ton & B osto n Street R a ilw a y .— T ro lle y .
STOCK A N D BO N D S—
D a le .
Interest. Outstanding
M a tu r ity
............ ..
$200,000
S t o c k , $ 25 0,00 0, p a r $ 1 0 0 . . ...............
1st m tg e fo r $ 5 0 0 ,0 0 0 ________ 1 1892
5 J-J
200,000 J u l y " ! 1912
N ot s u b je c t t o ca ll.
/ I n t. p a y a b le at A m . T r . C o ., T ru stee B oston
425.796
C u rrent liab ilities Sept 30 190 8................................
D iv id e n d s .— In 1 8 9 8 ,5 % : In ’ 99. J a n ., 1 4 % ; In A p ril, 1 4 % . N on e since.
E A R N I N G S .— F o r y e a r e n d in g S e p t. 30 1908, gross, $60 ,651 ; net $19 323In terest, ta x e s , & c ., $ 38 ,558 ; b a la n c e , d e ficit, $19 ,235 .
R O A D .— O w ns 9.7 4 8 m iles tra ck ; tra ck leased, 2.154 m iles; T o ta l
tr a c k a g e . In clu d in g sid in gs, 1 1 .9 )2 m iles.
(a) N ew ton viile & W a te r to w n Street R y .— T ro lle y .
O R G A N I Z A T I O N .— O p erates a b o u t 5 m iles o f tr a c k . S to c k , $50 0»0ou ts ta n d in g , $ 5 0 ,0 0 0 ; p a r $10 0.
U n fu n d e d d e b t S e p t. 30 1907, $59*650!
N o fu n d ed d e b t .
O p erated b y N e w to n & B o sto n S t. R y . , u nd er lease o f
189 7, a t a rental o f 7 .2 % p er ann um o n th e s to c k , p a y a b le F eb ru ary and
A u g u s t.
(4) AViddicsex & B o s to n Street R y .— T r o lle y .
O R G A N I Z A T I O N .— O rga n ized In 1907 and t o o k o v e r th e Sou th M id dle
se x S tr e e t R y ., sold a t r e ce iv e rs ’ sale J u ly 1 1907.
In A o v . 1908 Massa
c h u s e t t s R R . C om m ission gra n ted perm ission to co n s o lid a te w ith the W est
b o r o & H o p k ln to n S t. R y . an d N a tick &. C oeh itu ate S t. R y ., and to Issue
$ 1 4 0,00 0 a d d itio n a l s to c k to e x c h a n g e fo r like a m o u n t o f s tock o f latter
t w o co m p a n ie s .
V . 8 7 , p . 1420.
S T O C K A N D B O N D S .—
D a te .
in te r e s t.
O utstanding.
M a tu rity
S to c k , $4 10,000.................................. - .................................
$440,000 . . .
S o M id St R y , $ 10 0,00 0, g o l d - . / 1895
5 g F -A
100,000 F eb 1~15l5
lln t e r e s t at In tern ation al T rust C o .. B oston
W e s t & H o p k S t R y ...................................
5%
4 0 ,000
N ov 1 1 9 2 2
E A R N I N G S .— F o r y e a r e n d in g S e p t. 30 1908, gross. Including W e s tb o r o
& H o p k ln to n S t. R y . an d N a tic k & C o cliltu a te S t. R y .) , $200,730- net
$ 52 ,720 ; ch arges, $ 30 ,580 ; d lv s ., $21 ,0 0 0 ($6,000 N at. & C o ch .; $15 ,000
M id . & B o s .); su rp lu s, $ 1 ,1 4 0 .
R O A D .— O w ns 41.2 5 6 m iles o f track a n d runs fro m H o p k ln to n to .South
N a tic k a n d W e s tb o r o ; also c o n n e c ts N ce d h a in , W a y la n d and W e lle d e v
R a lls, 7 5 -lb . T .
V . 8 5 , p . 221; V . 87, p . 1420.
M A S S A C H U S E T T S E L E C T R IC C O A 1PA N IE S .— E le ctric ligh t and street
ra ilw a ys.
O R G A N I Z A T I O N .— F o rm e d In M ay 1899.
Is n o t an In corp orated
c o m p a n y , b u t a v o lu n ta r y a sso cia tio n m an aged b y a board o f fifteen trus
te e s , w h o h o ld th e title t o Its assets.
M essrs. E . R o llin s M orse & B ro . and
T u ck e r, A n th o n y & C o . o f B o s to n , w h o p ro m o te d th e c o m b in a tio n In June
189 9, In o lierin g som e o f th e s to c k fo r p u b lic su b scrip tio n ($1 000 o f p re
ferred and $500 c o m m o n w as olle re d fo r $ 1 ,0 5 0 ), stated th a t ’ ’ th e D e cla ra
tio n o f T ru st con ta in s strict p ro v is io n s against the creation o f a n y In debted
ness w h e r e b y a n y sh a re h o ld e r o r tru stee can b e h e ld t o a n y p erson a l 11a
b l l l t y . ” C om p rised or ig in a lly b e tw e e n 30 and 40 se p a ra te p ro p e rtie s b u t
t h r o u g h c o n s o lid a tio n th ere are o n ly tw o o p e ra tin g co m p a n ie s n a m e ly the
B o s to n & N orth ern S t .R y . and th e O ld C o lo n y S t. R y ., besides th e H y d e
P a rk E le c tr ic L ig h t C o .T h e fo llo w in g Is a list, o f th e c o m p a n ie s c o n tr o lle d
w ith th e ir share c a p ita l, Ja n . 1 1909.
C O M P A N IE S C O N T R O L L E D J A N . 1 1909.
S hares.
_
sh ares.
B o s t. & N o. S t. R y ., c o m ___ 110,432 O ld C o lo n y S t. R y ., p r e f ____
3,726
B o s t. & N o . S t. R y ., p r e f—
7,236 H y d e P ark E le c. L ig h t C o . .
2,875
O ld C o lo n y S t. R y ., c o m —
77,122
T o ta l -------------------------------------------------------------------------------------------------- 201,391
O f the a b o v e 201,391 shares, p r a ctica lly all w as a t th e d a te give n o w n e d
b y th e M assach u setts E le c. C om p a n ie s, b u t th e p re f. shares o f th e B o sto n
& N o . (7,2 36) an d o f th e O ld C o lo n y (3,726 shares) h a v e sin ce been so ld —
see V . 8 8 , p . 231 . T h e sy s te m com p rises e lectric stre e t ra ilw a y lines In 22
c itie s a n d 70 tow n s In E a stern M sasachusetts an d N ew H am psh ire and
R h o d e Isla n d . T h e c o m p a n ie s give n c o v e r th e gre a te r p a rt o f the stre e t
ra ilw a y m ileage n orth o f B o s to n as fa r as N ash u a, N . H ., an d N cw b u r y p o r t
a n d G lou cester, M ass., a n d s o u th as far as Fall R iv e r a n d N ew B e d fo r d ,
M a ss., an d N e w p o r t, R . I ., c o n n e c tin g d ir e ctly w ith th e stre e t ra ilw a y
s y s te m o f B os to n .
V a riou s e le ctric-lig h tin g co m p a n ie s d o in g business In the
sa m e section are also In clu d ed .
S T O C K A N D B O N D S .— T h e share c a p ita l Is represen ted b y certifica tes
o f p a r ticip a tio n , w h ich g iv e th e o w n e r s a p r o p o r tio n a te Interest In th e shares
held b y th e tru stees. B o th classes o f shares are rep orted e x e m p t fro m ta x a
t lo n In M assach u setts.
L isted on th e B o sto n S to c k E x ch a n ge In A p ril 1 9 0 1
$ 5 ,5 0 0 ,0 0 0 preferred s to c k w as au th orized M ay 29 1902 and sold t o a syndl
c a t e . F o r consolidated balance sheet o f com panies controlled, see V . 8 / p
1475; this ba la n ce sh eet sn ow s $ 1 9 ,0 4 2 ,9 0 0 a ggregate s to ck o f the controlled"
c o m p a n ie s S e p t. 30 1908, $ 1 7 ,8 5 6 ,5 0 0 fu n d ed d e b t S e p t. 30 1008 an d
$ 2 ,0 1 4 ,0 0 0 n otes p a y a b le to ou tsid ers.
B a te.
D a te.
O utstanding. D ivid en d s.
$ 14 ,293 ,10 0 .............
C o m m o n s t o c k , par $ 1 0 0 1 ____
( $ 1 4 ,2 9 3 .1 0 0 ) ..........
4 J-J
P r e f. s t o c k , p ar $100 ( $ 2 0 , - ) ____
2 0 ,5 5 7 ,4 0 0 Jan ’ 09,1 %
557 ,4 0 0 ) 4 % c u m ..................J
C o u p o n n o te s , $ 3 ,5 0 0 ,0 0 0 ,) 1905
4 M g J-J
3 .5 0 0 ,0 0 0 J u ly 1 1010
red at 102 a n y Int d a t e ) In terest at O ld C o lo n y T ru s t C orapany
($ 1 ,0 0 0 ), g o l d _____________ J B o s to n . T ru stee.
O f th e new co u p o n n o te s o f 1905, $2,7 0 0 ,0 0 0 w ere Issued t o retire the
p r io r n o te s . T h e colla te ra l fo r these n o te s con sists o f $3,6 5 6 ,3 0 0 s to ck o f
th e O ld C o lo n y S t. R y . an d $ 7 1 8,70 0 s to c k o f th e B o s to n & N orth ern
S t. R y .
See V . 81, p . 72 6 , 1436.
R E P O R T .— R e p o r t fo r th e ye a r e n d in g S e p t. 30 1908 (see “ C h ro n icle ”
D e c . 5 1908, p . 147 5), sh ow s re ce ip ts from d iv id e n d s , $88 0 ,8 4 1 : from Inter
est on n otes, & c ., $ 1 0 7 ,0 6 2 ; to t a l, $ 9 8 8 ,8 0 3 ; exp e n se s, $10 ,3 9 6 ; Interest,
$15 7 ,5 0 0 : su rp lu s, $ 8 1 1 ,0 0 7 ; p re v io u s su rplu s, $ 1 ,5 6 6 ,8 8 5 ; to ta l su rplu s,
$ 2 ,3 7 8 ,7 9 2 .
[Yol. lxxxyiii.
ELECTRIC RAILWAYS
C O N S O L I D A T E D IN C O M E A C C O U N T O F C O N T R O L L E D C O S .
Y ea r en d . S ep t. 30—
1907-08.
1906-07.
1904-05.
1905-06.
E a r n in g s ________________ $ 7 ,8 0 9 ,0 1 0
$7,758,511
$ 6 ,7 3 4 ,1 2 7
$ 7 ,5 1 8 ,2 4 0
E x p e n se s _______________
5 ,0 0 1 ,5 1 7
5 ,000,652
4,8 8 3 ,5 5 2
4 ,4 5 6 ,3 0 3
N e t e a rn in g s _________
C h a r g e s _________________
$ 2,807,493
1,784,438
$ 2 ,757,859
1,702,623
$ 2 ,634,688
1,594,503
$2,2 7 7 ,8 2 4
1,543,514
D iv is ib le in c o m e _____ $1,0 2 3 ,0 5 5
D iv i d e n d s _______________
880,773
$1,0 5 5 ,2 3 6
880 ,773
$ 1,040,185
710,406
$73 4,31 0
372 ,448
$142,282
B a la n c e _______________
$174,463
$329,779
$361,862
D I V I D E N D S .— First d lv . on p re f. s t o c k , 2 % , w as p aid D e c. 1 1899; also
p a id . S ee V . 79, p . 2 64 2, 2456; V . 85, p . 1646, and V . 8 7 , p . 1420.
P L A N T .— T h e s tre e t ra ilw a y s co n tr o lle d h ave 893.039 m iles o f m ain line
an d o w n a n d lease 934.663 m iles o f track; o p e ra te 907 .575 m iles- ow n and
o p e r a te 2,0 1 5 ca rs , o f w h ich 925 are clo se d and 1,090 o p e n cars.
P ow er
c a p a c it y , 47 en gin e s, 3 8 ,5 5 0 h . p ., an d 55 ge n e ra to rs, 26,255 k. w • 8 tu r
bin es, 17,250 h . p . and 11,500 k. w .
O F F I C E R S .— P r e s ., G o rd o n A b b o t t; V .- P . , Charles E . C ottln g- S ec
E v e re tt W . B u rd e tt; T r e a s ., J. H . G o o d s p c e d ; G en. M g r., P . F S u lliv a n ’
G en. A u d ito r , D . D a n a B a rtle tt.
E x e cu tiv e C o m m itte e - P h ilip D e x t e r ’
C h airm an; G o rd o n A b b o t t , Charles F ran cis A d a m s 2d , E . N . Foss P e r c v
P a rk er, P h ilip L . S a lto n sta ll an d Charles E . C o ttln g .
O ffic e , 84 S ta te St
B o s to n .
V . 84, p . 5 1 ; V . 8 5 , p . 531, 1210, 1339, 1457, 1577, 1646- V 86*
p. 668; V . 8 7 , p. 81 2 , 1358, 1420, 147 5, 1605; V . 88, p . 231 , 375 . ’
(1) B o sto n & N orthern Street R y .— A n e le ctric r o a d .— (S ee M a p o n p . 1 3 .)
O R G A N I Z A T I O N .— T h is w as th e L y n n & B oston R R ., b u t on J u ly 23
1901 n am e ch a n ged t o present title . T h e L y n n & B o sto n R R . w as In cor
p o ra te d u n d er la w s o f M ass. A p ril 6 1859.
In 1900 a b sorb ed th e G lou cester
S t. R y . (w h ich , Jan . 18 1900, had a b s o r b e d th e R o c k p o r t S t. R y .) and th e
W a k e fie ld & S to n e h a m S t . R y . , w h ich la tte r , on D e c .31 1899, had a b s o r b e d
th e W o b u r n & R e a d in g , th e S alem & W a k e fie ld , th e M y s tic V a lle y and th e
R e a d in g & L o w e ll.
In A p ril 1901 a cq u ire d th e B ev erly & D an vers.
In
M ay 1901 a b s o rb e d th e L ow ell L a w ren ce & H a verh ill and th e N o rth W o
b u rn . T h e L ow ell L a w re n ce & H a verh ill had In N o v . 1900 been c o n s o li
d a te d w ith th e L ow ell & S u b u rb a n , an d th e la tte r had pre v io u sly received
a u th o rity t o lease th e N ashua S t. R y .
O n M ch . 2 1903 a b so rb ed the
G loucester & R o c k p o r t S t. R y ., p r e v io u s ly leased.
In Jun e 1903 received perm ission t o Issue s to c k In e x c h a n g e , share fo r
share, fo r M id dleton & D a n v . s to c k and fo r L a w . & R e a d S t . R y . s t o c k .
T h e M id d leton & D an vers had p r e v io u s ly a b s o rb e d th e H averh ill & A n d o
v er S t. R y . an d th e L a w ren ce & R e a d in g had a b s o rb e d th e R e a d in g W a k e
field & L y n n flcld S t. R y .
In S e p t. 1906 ex ch a n g e d Its sto ck fo r s to c k o f
th e G e o rg e to w n R o w le y & Ip s w ich S t. R y . and th e L o w e ll & B o s to n S t. R y
V . 83, p . 818.
In N o v . 1907 R R . C om m ission gra n ted p erm ission to Issue $41 0,00 0
a d d itio n a l ref m tg e . b o n d s, w h ich w ill m ake total o f these b o n d s o u t
s ta n d in g $ 2 ,5 8 6 ,0 0 0 ($ 151,000 o f these F e b . 1909 had been Issued).
On
M arch 17 1908 sh areh olders a u th o rize d an Issue o f $1,2 5 0 ,0 0 0 6 % cu m u
la tiv e p referred s to c k to re tire floatin g d e b t . V . 86, p . 720 . M assach u setts
R a ilr o a d C om m ission on N o v . 14 1908 g ra n te d a u th o r ity to Issue $72 3,60 0
o f this a t 110. V . 8 7 , p . 1358.
In 1907 o b ta in e d perm ission to d o a freigh t business In a m a jo r it y o f the
tow n s alo n g Its line.
STOC K A N D B O N D S—
D a te.
In terest. O utstand ing. L ast d l v .,A c
S to ck c m m m (par $ 1 0 0 ) ..
............... $1 1 ,0 4 3 ,2 0 0 In 1908, 5 %
S t o c k , p re f. ($100) $ 1 ,2 5 0 ,0 0 0 .) ____
F -A
7 2 3 ,6 0 0
......................
6 % c u m ......................................./
R e f m tg e , $ 1 5 ,0 0 0 ,0 0 0 , g o ld ) 1904
4 g J-J
2 , 3 2 7 , 0 0 0 J u ly 1 1954
( $ 1 , 0 ) 0 ) ................................c ’ / l n t . at A m e rica n T ru s t C o ., B o s to n , T ru stee.
N aurakeag S treet R y c o n s o lf
1890
5 J-J
7 1 1 ,0 0 0 J u ly 1 1910
m tg e ($ 1 ,0 0 0 )_________ (In te r e s t
at K n ic k e r b o c k e r T r . C o ., N . Y .
(M a n h a tta n T ru st C o ., N . Y . , T ru stee.
L y n n B elt 1 s t............................. I 1890
5 M -N
$100,000 M ay 1 1910
(A m e r ic a n T ru st C o ., B o s to n , T ru stee.
6 J-J
100 ,000 Jan 1 1911
Essex E le c tr ic 1st...................... J 1891
(O ld C o lo n y T ru s t C o ., B o s to n , T ru stee.
L y n n & B o s to n 1st m tg e , g ,) 1894
5 g J -D
3 ,7 2 3 ,0 0 0 D e c 1 1924
$ 5 ,3 7 9 ,0 0 0 ( $ 1 ,0 0 0 )____ c * J I n t . at O ld C o lo n y T r . C o ., B o s to n , T ru stee.
G R & I 1st m tg e ($ 1 ,0 0 0 ),) 1900
5 g J -D
1 8 0 ,0 0 0 Jun e 1 1920
$18 0 ,0 0 0 , g o ld ........................./ I n t . at M e rca n tile T ru st C o ., B o s to n , T ru s.
H G & D 1st m t g e .................. 1899
5
3 5 ,000 M ch 1 1919
C o u p o n n o te s . $ 4 0 5 ,0 0 0 ...... 1897
6 A -O
4 0 5 ,0 0 0 A p ril
P lain b o n d s secured b y L y n n
& B o s to n m tg e o f 1894—
L y n n & B o s to n , d e b ............. 1892
5 M -S
186,000 M ch 1 1912
N a u m k ea g, d e b . _____ __________ 1890
6 M -S
24,000 S ep t 1 1910
do
...................................
1891 6 J -J
10,000 J u ly 1 1911
G lo u ce ste r F s ’ x &B e v 1st M ,) 1896
5 g J -D
125 ,000 D e c 1 1916
$ 1 2 5,00 0 ($ 1 ,0 0 0 ), g o l d .C J In te re st at A m e r . T r . C o ., B o s t o n , T ru stee
W ak efield & S ton eh a m 1 s t) 1895
5 g M -S
150 ,000 M ch 1 1915
m tg e , $ 1 5 0 ,0 0 0 , g o ld ____ c j
T h e last Issue is red eem a b le at 105 a fte r M arch 1 1900.
In terest at A m e r
ica n T ru s t C o ., B o s to n , T ru ste e .
T h e M ystic V a lle y S t. R y . has o u t $ 60 ,000 gold 5s, d u e Ja n . 1 1919.
T h e R o c k p o r t S t. R y . has o u ts ta n d in g $12 ,5 0 0 6 % c o u p o n n o te s due O ct.
15 1916, Interest p a y a b le A p ril and O cto b e r ,
T h e G lo u ce ste r & R o c k p o r t has o u ts ta n d in g $10 ,000 6 % co u p o n n otes
d a te d F e b . 1 1895 and d u e F e b . 1 1915.
L O W E L L L A W R E N C E & H A V E R H IL L .
STO C K A N D B O N D S -D ate.
Interest. O utstanding.
M a tu r ity .
W a s e x c h a n g e d fo r L yn n & B o s to n .
S to c k ( $ 1 0 0 ) , e o m m o n .......... ..
M errim ack V a lle y S treet R y ) 1891
5 g A -O
$34 2,00 0 A p ril 1 1 9 1 1
1st m tg e , g o l d ............... ......... /I n te r e s t a t In te r. T r . C o ., T ru ste e , B o s to n .
L ow ell L a w ren ce <3c H a v e rh ill) 1893
5 g J -D
902 ,000 Jun e 1 1923
1st m tg e , $ 1 ,9 0 0 ,0 0 0 , gold .^ S u bJ. t o call fo r th e sin k , fu n d at 105 & Int
$1,000 __________________ c* J In t. at A m e r . T ru st C o ., T ru s te e , B oston
P e o p le 's S t R y , W e st N ew ) 1898
5 J -J
64,000 Jan 1 1928
b u r y , M as*, 1st m o r tg a g e [In te r e s t a t S ta te S treet T ru st C o ., B o s to n ,
b o n d s, a ssu m e d ____________ J
L o w . L a w . & H a v . C on sols o f 1893 are reserved fo r M errim ack V a lley
b o n d s w hen d u e .
„
L ow ell & S u b St R y 1st m t g e ,) 1891
5 g J -D
1 ,0 0 0 ,0 0 0 D ec 1 1911
1891, g o ld ............................. c* / I n t . at th e A m e r . T r . C o ., B o sto n T ru stee
S t o c k , p re f ($ 1 0 0 ), $ 1 ,2 5 0 ,0 0 0
’
’
6 % c u m ...................................................
I’’ -A
723,600 .......................
Stock and B o n d s .— T h e p re f. s to c k o f th e B o s. &. N or. Is s u b je c t to call a t
120. O f th e $ 1 5 ,0 0 0 ,0 0 0 B os. & N o r. b o n d s, $8,1 4 0 ,0 0 0 are re se rv ed to
re tire p rio r lien s.
R e m a in in g b o n d s can be Issued o n ly fo r 5 0 % o f c o s t o f
a d d itio n s a n d Im p ro v e m e n ts.
T h ese b o n d s h a ve n o sinking fu n d an d are
n o t s u b je c t t o c a ll.
O f th e $ 5 , 3 7 9 , 0 0 0 first m o rtg a g e b o n d s o f th e L y n n fc
B o s to n R R . . $36 1 ,000 h a v e been c a n c e le d , and th e unissued b a la n ce Is t o be
used t o ta k e u p o th e r b o n d s . T h e M errim ack V a lle y S t. R y . 1st m tg e
b o n d s are re d e e m a b le at o p t io n at a n y tim e a fte r 1 0 years fro m th eir d a te .
D I V I D E N D S .— F rom 1880 t o O c t . 1899, lncl 8 % ., y e a r l y In 1900 7 % In 1901, 6 % ; In 1902, 6 % ; In 1903. 5 % ; In 1904. 2 ^ %• l n ’ l9 0 5 2 %• Ifa
1906, 5 % ; In 1907, 5 % ; In 1908, 5 % .
'
’
/0 ’
R O A D .— C om prises th e lines o f th e M ass. E le c tr ic C om p a n ies n orth o f
B o s to n , e m b ra cin g 4 58 .565 m iles o f m ain and 2d m ain lino and 4 7 ) 99
m iles o f tr a c k — all o w n e d .
A N N U A L R E P O R T .— F o r fiscal y ear e n d in g S e p t. 30 1908 o f all c o m
pan ies Inclu ded In the B o sto n & N o rth e rn S t. R y .; G ross. $4 6 5 ‘> 5 3 0 net
8 1 .6 8 7 .1 8 1 ; o th e r In co m e , $10 ,0 3 2 ; ch a rge s, $ 1 ,0 8 2 ,1 8 0 ; d iv id e n d s ( 5 % ) ’
$55 2 ,1 6 0 ; su rplu s, $ 62 ,876 .
O F F I C E R S .— P r e s ., P a trick F . S u lliva n , L ow ell; T reas
O R R ock
w ell. V . 81. p . 1 84 6; V . 82, p . 1155; V . 84, p . 995; V . 86, p . 720," 1223.
(а) B oston & Chelsea Street R y .— O w ns 4.379 m iles o f t r a c k .
L eased
t o L yn n & B o sto n Street R y . C o . a t $7,260 per a n n u m , eau a l t o 6 % on
$12 1,00 0 s t o c k , p a y a b le A & O .
(б) B o sto n & R e v e re E lectric Street R y .
O R G A N I Z A T I O N .— In c o r p o r a te d Ju n o 24 1889. L eased fro m J u ly 1
1895 fo r 99 years to L y n n & B o sto n (now B o sto n & N orthern) w h ich g u a r
an teed Int. o n the $50,000 o ld b o n d s o f 1890 (w h ich h ave sin ce been r e t ir e d ),
and n ow gu aran tees Interest o n the $50,000 new m tg e . o f 1 0 0 8 give n b il w
an d d iv id e n d s o n $50 ,000 s to c k fro m J u ly 1 1898 at 5 % p er an n u m .
1
Feb., 1909. j
ELECTRIC RAILWAYS
15
R E P O R T o f c o n s o lid a te d co m p a n ie s (In clu d in g N e w p o r t & F a ll R iv e r )
STOC K A N D B O N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
for y e a r e n d in g S e p t. 30 1908. gross, $ 2 ,8 0 6 ,7 0 8 . n e t, 5 9 8 5 ,2 5 7 ; o th e r In
S t o c k (p ar $100) .....................................
5 J-J
$50,000 See t e x t .
c o m e . $ 1 2 8 ,8 9 1 : c h a rg e s, $73 1 ,0 3 1 ; d i v l d e n js . $30 8,48 8 ( 4 % ) ; su rp lu s,
D ost. & R e v e re K lee St R y \ 1908
5 g M -S
50,000 Sept 1 1928
$74 ,6 2 6 .
V . 8 1 , p . 1846: V . 82, p . 870; V . 86, p . 721
$50 ,000 g old ($ 1 .0 0 0 )___ c* JInt. at A m c r . T ru s t C o ., B o s to n , trustee.
B on d s.— N o sin kin g fu n d , b u t b o n d s m a y be oalled o n a n y Interest d ate
(a)
N e w p o rt & Fall R iv e r Street R y .
o n six w eek s’ n o tice .
O
R
G
A
N
I Z A T I O N .— O rganized Ja n . 1898. J u ly 1 1900 c o n s o lid a te d
R O A D .— T o t a l tr a c k , 3.8 0 8 m ile s.
w ith N e w p o rt S treet R y .
H as also c o n s o lid a te d w ith N e w p o rt Illu m in a t
(c) Bast Middlesex Street R y.
ing C o . K m b ra ce s 20.5 9 m . o f tra ck In and betw een N e w p o rt an d Fall R iv e r :
also e le ctr ic lig h tin g .
W as leased o n J u ly 1 1901 fo r 99 years t o th e O ld
O R G A N I Z A T I O N .— O w ns 19.394 m iles o f tra ck .
L ea sed M ay 1 1893
t o L y n n & B o s to n (n ow B o s to n & N orth ern ) fo r 99 years a t a rental till C o lo n y S tre e t R y . fo r a ren tal o f 6 % p er an n u m an d Interest o n b o n d s .
M a y 1 1896 o f $ 1 8 ,0 0 0 y e a r ly In a d d itio n to llx e d charges; then till M ay 1 T h e M ass. E le c . C om pa n ies d isp o se d o f Its h o ld in g s In F e b . 1902.
1901 $ 2 4 ,0 0 0 y ea rly ; an d fo r re m a in d e r o f lease $30 ,000 y e a r ly .
L ig h t
S T O C K , B O N D S , E T C .—
D a te .
Interest
O utstanding.
M a tu rity
p e r c e n t d iv id e n d s had b ee n p a id , b u t o n M ay 1 1901 w ere Increased to 1 0 % .
S t o c k , p a r $ 1 0 0 ..........................................
J-J
$ 9 0 0,00 0 See t e x t .
O utstanding. M a tu r ity . N e w p o rt & F all R iv e r 1 st) 1898
STOCK AN D BO N D S—
5 F -A
240 ,0 0 0 A u g 1 1918
D a te.
Interest.
$297,700
See t e x t .
S to c k ($100) $300,000 ____
m o r t g a g e ________ _________./A m e r i c a n T ru st C o ., B o s to n , T ru ste e .
10
120 .000 Sept 1 1918 C on sol m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 ,) 1904
P lain b o n d s, In t. g u . ( e n d ) ___ 1898
4 H J -J
523 ,0 0 0 J u ly 1 1954
5 M -S
100.000 Jan 1 1022
R e fd b o n d s, ln t . g u . ( e n d ) ___ 1902
g o ld ($ 1 ,0 0 0 )_________ c * & r f l n t . at A m . T ru s t C o ., B o s to n , T ru ste e .
4 J-J
In terest---at-----------S ta te ----------------------------,
N a tio n a l B a n k B o s to n .
N e w p o rt St R y 1st M , $ 5 0 ,-) 1890
5 J -D
5 0 ,0 0 0 D e c 1 1910
------------T h e lessee In th e lease agreed t o s ta m p b o th Issues o f th e b o n d s w ith a
000 ( $ 5 0 0 ) ________________ c iln te r e s t a t th e In d u s t. T r u s t C o ., P r o v ., R . I .
g u a ra n ty o f th e Interest— p r in cip a l Is n o t g u a ra n te e d .— V .0 7 , p . 482 .
N ew 111 C o 2d m t g , g o l d .........................
6g
6 3 ,500 O ct 1 1 9 2 5
B o n d s .— O f th e n ew m o rtg a g e fo r $ 1 ,0 0 0 ,0 0 0 , $ 3 5 4,00 0 are reserved t o
(d)
Nashua Street R ailw ay.— Trolley.
retire p rio r liens an d $12 3,00 0 are reserved fo r fu tu re a d d itio n s at 5 0 %
O R G A N I Z A T I O N .— In c o r p o r a te d A u g . 14 1885. O n J u ly 1 1900 w as o f c o s t .
N o t red e e m a b le .
V . 79, p . 213', 501 , 1462.
lea sed t o th e L o w e ll & S u b u rb a n fo r 99 y e a r s , and lease n o w runs to B o s to n
E A R N I N G S o f th e O ld C o lo n y S t. R y . fro m o p e r a tio n o f th e N e w p o r t
& N orth ern t h r o u g h c o n s o lid a tio n .
,
& F all R iv e r S t. R y . fo r y ear e n d in g Jun e 30 1908 w e re : G ross, $28 0 ,6 8 8 ;
R en ta l.— D iv id e n d s are p a y a b le J a n . an d J u ly at th e ra te o f 4 % In 1901
n e t, $ 1 3 6 ,6 1 6 ; ch arges. $44 ,723 ; su rp lu s, $ 9 1 ,8 9 3 .— V . 56, p . 1249; V . 79,
5 % In 1902 and 6 % fo r th e r e m a in in g 98 yea rs o f lease.
p . 213 , 501. 1462; V . 86, p . 421.
S T O C K , B O N D S , & c .—
D a te.
In terest. Outst'd’ g. D tv .^ m a tu r ity
.Stock, $32 5,00 0 (par $ 1 0 0 )..........................................
$325,000
See t e x t .
BOSTON & W O R C E S T E R E L E C T R IC C O M P A N IE S .
F irst
m o r tg a g e ,
$150,0001 1901
4 g A -O
150,000 O ct 1 1931
O R G A N I Z A T I O N .— T h is Is a v o lu n ta r y a sso cia tio n o rg a n iz e d u n d er a
($ 1 ,0 0 0 ), g o l d ....................c * ] I n t. at O ld C o lo n y T r. C o ., B o s to n , T ru ste e .
trust
a greem en t d a te d D e c. 29 1902.
Its p r o p e r t y co n sists o f th e c a p ita l
B o n d s.— I'.ntlre Issue m a y b e ca lled on an d a fte r O ct. 1 1906 at 105 and
s to c k an d $.535,000 " n o t e s p a y a b le ” o f th e B o s to n & W o r c e ste r S treet R y .
accrued Interest.
In terest gu ar, b y the B oston & N orth ern S t. R y .
It
has
Issued
33,936
4
%
cu
m
u
la
tiv
e
preferred
shares an d 34,614 c o m m o n
R O A D .— O perates 15.52 m iles o f tra ck .
shares, n o p ar va lu e ; b u t In case o f liq u id a tio n preferred shares receive $100
(e)
YVinnisimmet (Street) R R .
each b e fo re th e p a r ticip a tio n o f c o m m o n .
In J a n . 1905 w as listed on B o s
S to ck w as Increased t o p resen t a m o u n t b y th e Issue
O R G A N I Z A T I O N .— O w ns 2.187 m iles o f tra ck . L eased t o th e L y n n & to n S to c k E x ch a n g e .
B o s to n fo r 999 yea rs fro m 1880 at $3,000 p er an n u m . C apital sto ck Is $ o 0 ,- In J u ly 1906 o f 6,0 0 0 shares c o m m o n and 6,0 0 0 p r e f., w h ich w as offered t o
shareh olders at $105 fo r a b lo ck o f $100 p re f. p lu s $100 c o m .
O n J u ly 15
0 0 0 ; p a r $50.
D iv id e n d s In 1894 to 190 t Inclusive 6 % p er a n n u m .
1908 shareh olders a u th o rize d a note Issue (see b e lo w ).
V . 87, p . 96. 165.
(2) Old Colony Street R y .— (See M a p page 13) .— A trolley road.
STOCKS A N D BO N D S—
D a te.
Interest.
O utstand ing.
M a tu r ity .
O R G A N IZ A T I O N — T h is w as fo rm e rly k n ow n as th e B ro ck to n Street C o u p o n n otes $600,000 g o ld l 1908
6 J-J
$ 2 3 5,00 0
J u ly 1 1911
R a ilw a y b u t on F e b . 7 1901 nam e w as ch a n g ed as a b o v e .
T h e B r o c k to n
( $ 1 ,0 0 0 )_________________ c*J C ity T ru s t C o ., B o s to n , tru stee.
S treet R y . w as a co n so lid a tio n o f th e B roctlron S treet R y ., L a st Side
N o te s .— N o te s are secu red b y d e p o sit w ith trustee o f a m a jo r it y (10,150
B r o c k to n & H o lb r o o k an d W h itm a n S treet co m p a n ie s.
In 1900 w as c o n shares) o f B o s to n & W o r c e ste r St. R y . s to c k . S u b je c t to call as a w h o le
s o lid a te d w ith th e B oston M ilton & B r o c k to n , th e B ro ck to n B rid g ew a ter & o n a n y Interest d ate a fte r J u ly 1 1909 at 102 and Interest. V . 87, p . 165.
T a u n to n the B ro ck to n & La st B rid g ew a ter an d th e T a u n to n & B r o c k to n .
R E P O R T .— F o r y e a r to S e p t. 30 1908 d iv id e n d s re c e iv e d fro m B . & W .
S u b seq u en tly w as also co n so lid a te d w ith th e Q u in cy & B oston and th e N ew S t. R y . s t o c k , $ 12 1,49 4: m iscella neous in c o m e , $ 20 ,167 ; to ta l In com e,
B e d fo rd M Iddleborou gh & B ro ck to n .
$14 1 ,6 6 1 ; e x p e n se s, $3,216; d iv id e n d s , $13 5,74 4; Int. on 3 -y e a r n o te s , $ 2 .
In N o v . 1900 Mass. R R . C om m ission ers a p p ro v e d p ro p o s itio n to p u rch a se 088; su rp lu s, $613.
th e S o u th Shore & B oston and th e W e st R o x b u r y & R o siln d a le . Th e S ou th
D I V I D E N D S .— First d lv . o n p re f. s t o c k , $2, p aid J u ly 1 1904; $2 J a n .
S h ore & B oston com p rised th e B rain tree & W e y m o u th S treet R y ., th e 1905 an d $2 J u ly 1 1905.
In 1906, $4.
In 1907, J a n ., $2; J u ly , $2.
In
B rid gew a ter W h itm a n & R o c k la n d , th e H in g h a m Street R y . (th e la tter 1908, J a n .. $2; J u ly , $2.
In 1909, J a n ., 51.
b e in g a co n so lid a tio n o f th e H in g h a m , th e H u ll an d th e N an task et K lectrlc)
O F F I C E R S .— P res., W illia m M. B utler; V .- P . , A . E . C h ilds; S e c. an d
th e H a n ov er S treet R y . and th e R o c k la n d & A b ln g to n S treet R y . T h e W est T r e a s ., G eorge A . B u tm a n .— V . 83, p . 36, 154; V . 84, p . 101; V . 8 5 , p .
R o x b u r y & R osiln d a le S t. R y . had p re v io u sly a b so rb e d th e N o rfo lk S u b 1 4 5 8 : V . 86. p. 601; V . 8 7 , p . 96. 165, 1532, 1604, 1660.
u rb a n , th e N o rfo lk Cen tral and th e N eedham & B o sto n .
(1)
B o s to n & W o r c e ste r Street R y .— T r o lle y .
In Ja n . 1901 also receiv ed a u th o rity to a cq u ire th e G lo b e S t. R y . (a fte r th e
O R G A N I Z A T I O N .— In co rp o ra te d In M assachusetts on N o v . 16 1 9 0 1 .
G lob e S t. R y . had first a b sorb ed th e D lg h to n S om erset & Sw ansea S t. R y .,
th e T a u n to n S t. R y . an d th e P r o v id e n c e & T a u n t o n ).
On J u ly 1 1901 Fran ch ise p erp etu al. O w ns a d o u b le -tra ck line b etw een B o s to n and W o r c e s
ter and has pu rch ased all fra n ch ises and p r o p e r ty o f th e F ra m in g h a m U n ion
loosed th e N e w p o rt & Fall R iv e r S treet R y .
In N o v . 1907 R R . C om m ission granted perm ission to Issue $ 2 0 0 ,0 0 0 , S t. R y ., F ram in gh am S o u th b o ro u g h & M arlb orou gh S t. R y . and th e M arl
In M arch 1907 M ass. R R . C o m m ission
ad d ition al ref m tg o b on d s.w h ln h will m a k e a m o u n t o u tsta n d in g $3 ,0 9 2 ,0 0 ‘>. b o ro u g h & F ram in gh am S t. R y .
In .
($ 4 9 ,0 0 0 o f these b o n d s F e b . 1909 had b e e n Issued). S ha reh olders M arch g ra n te d rig h t to d o an exp ress and freight business o v e r en tre lin e .
(). t . 1907 R R . C om m ission au th o riz e d Issue o f $ 3 0 0,00 0 a d d itio n a l s to c k
1 7 1908 a u th orized an Issue o f $75 0 ,0 0 0 6 % cu m u la tiv e p ref. s to c k .
V . 86,
p . 721.
On N o v . 14 1908 M ass. R R . C o m m , gra n ted perm ission to Issue ( V . 8 5 , p . 1143) and In N o v . 1907 $30 0,00 0 a d d itio n a l b o n d s to p r o v id e
f i 11 a t ln g d e h t (V . 8 5 , p . 1 2 6 8 ), b o th Inclu ded In o u ts ta n d in g to ta ls b e lo w .
$ 3 7 2 ,7 0 0 of th is a t $110 per share.
STOCK A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
L ea se.— In 1903 th e B o sto n IClcvated R y . leased all th is c o m p a n y 's tra ck
J -D
$ 2 ,0 2 5 ,0 0 0 D e c 3 1 ’ 0 8 1 H
In th e C ity o f B o sto n fo r 09 y ea rs. T h e lease p ro v id e s fo r th e p a y m e n t o f S t o c k , ($ 1 0 0 )___________________
1 ,9 1 0 ,0 0 0 A u g 1 1923
all ta x es and also 0 j^ % on rep la cem en t va lu e (appraised at $35 3 ,0 7 0 , less B ost & W o r 1st m o r tg a g e ,$2.-1 1903 4 H g F -A
5 0 0 ,0 0 0 , gold ($ 1 .0 0 0 ) . . c* J In te re s t at A m e rica n T ru s t C o ., B o s ., T ru s th e rental o f certa in sh ort pieces o f tra ck ap p ra ised at $ 13 ,866 ) o f p ro p e rty
F ram U n io n 1st m o r tg a g e _______________
5
4 i,00 0
1909
leased as o f d a te F e b . 16 1903 and 4 % on all a d d itio n s and b etterm en ts.
5
6 0 ,000 Jan 1 1919
Frara S o & M arl 1st m t g ____ J _____
F reigh t rights.— In 1907 M ass. C om m ission gran ted a u th o rity to carry
(.Interest a t A m e rica n T ru s t C o ., B o s ., T r u s .
freight and exp ress.
N otes p a y a b le O ct 1 1 9 0 8 ..........
..... .......................
* 8 )2 .3 3 5
In terest. O utstanding.
M a tu r ity .
STO C K A N D B O N D S—
D a le.
‘ In clu d e s $ 5 3 5,00 0 n otes p a y a b le held b y B . & W . E le c tr ic C os. an d
_______
$ 7 ,7 1 2 ,2 0 0 In ’ 08, 4 %
C o m m o n (par $ 1 0 0 )_________________
$26 7 ,3 6 5 n o te s held b y ban ks.
P r e f, $ 7 5 0,00 0 ($100) 6 % c u m . ____
F -A
3 7 2 ,6 0 0 ____________
D ivid en d s.— P a id 3 % J u ly 1904; also 3 % se m i-a n n u a lly u n til D e c. 1 90 8,
4 g J-J
2 ,8 9 2 ,0 0 0 J u ly 1 1954
R e f M , $ 1 0 ,0 0 0 ,0 0 0 , g o l d ) 1904
w hen I M % w as p aid.
($ 1 ,0 0 0 ) _______ __________ c * / l n t . at O ld C o lo n y T r . C o ., B o s to n , T ru ste e .
R E P O R T .— F o r y e a r e n d in g S e p t. 30 1908: G ross. $ 55 3,61 3; n e t, $ 2 7 0 ,
1890
W i A -O
3 3 ,000 A p ril 1 1010
B r’ c k t ’ n St R y b o n d s) A ll
696 ; ch arges, $ 15 5,96 5; d iv id e n d s . $12 1,50 0; d e fle it, $ 6 ,769.
1892
5 g J-J
15,000 Jan 1 1 9 1 2
B o n d s , g o ld _______ equ a lly
R O A D .— O w n s an d op e ra te s 82 m iles o f t r a c k , a co n s id e ra b le p o r tio n
) 1894
5 g A -O
680 ,000 O ct 1 1 9 2 4
B r o c k to n (C onsol) S t )
sc
o v e r p r iv a te rig h t o f w a y , b e tw e e n B o sto n an d W o r c e s t e r , Inclu din g an e x
) S u b je c t t o call at 103 and Interest.
R y 1st M $750,-1 cu red
ten sion to N a tic k .
R a lls. 7 5 -lb .
H as 77 cars.
J
In
terest
at
S
ta
te
S
treet
T
ru
st
C
o.
000 , g o l d ..................J
O F F I C E R S .— P re s., W illia m M . B utler; V . - P . , A . E . C hilds: S e c. an d
1899
5 J-J
100,000 J u ly 1 1919
B o s to n M ilton & B r o c k to n
T r e a s ., G eo. A . B u tm a n .— V . 8 1 , p . 1722; V . 8 5 , p . 220. 86 3 , 1143, 1268,
1st m tg b o n d s, $ 1 0 0 ,0 0 0 .. I n t. at In te r ’l T r . C o ., B o s to n , T ru stee.
1897
5 g F -A
2 00 ,000 A u g 1 1017 1338, 1 4 5 8 ; V . 86. p . 601; V . 8 7 , p . 1418, 1 66 0.
B r’ c k t ’ n B rid gew ater & T a u n
Is t M .g , $ 2 0 0 ,0 0 0 ($ 1 ,0 0 0 )c* I n t. at A m . T r . C o ., B o s to n , T ru stee
1898
5 g F -A
3 0 ,0 0 0 F eb 1 1918
B rock & 12 B rid g ew a te r 1st
BOWLING GREEN, OHIO.
M , g , $ 3 0 ,0 0 0 ........................... I n t. at A m . T r . C o ., B o s to n , T ru stee.
L A K E E R IE B O W L IN G G R E E N & N A P O L E O N R Y . — A tr o lle y r o a d .
_
_B r o c k to n
1897
5 F -A
100,000 A u g
1 1917
T a u n ton &
1st
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io In 1902.
m o rtg a g e , $ 1 0 0 ,0 0 0 _______t in t , at S ta te S t. T r . C o ., B o s to n , T ru s te e .
STOC K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
N B ed ford M ’ d le b o r o & B r o c k ) 1900
5 g J -J
3 2 5 ,0 0 0 Jan
1 1920 C o m m o n , $ 7 5 0 ,0 0 0 , ( $ 1 0 0 ) .......................................
$36 5 ,0 0 0 .......................
1st M ,$ 3 2 5 ,0 0 0 ($ l ,0 0 0 ), g . j l n t . at A m . T r . C o ., B o s to n , T ru stee.
P r e f, $ 2 5 0 ,0 0 0 , ($100) 6 % n - c .
.........................
2 50 ,000 .......................
B rain tree m o r t g a g e ___________J 1894
6 J-J
35,0 0 0 J u ly 25 1914
1st M , $ 1 ,0 0 0 ,0 0 0 , g o ld ($5001 1903
5 g M -N
2 3 1 ,0 0 0 N o v 1, 1933
\State S t. T ru s t C o .. B o s t o n , T ru ste e .
an d $ 1 ,0 0 0 ).........................c * / l n t . a t U n io n T r . C o ., D e tr o it , T ru stee.
Globe Street Railway Securities.
B o n d s .— $75 6 ,5 0 0 b o n d s are reserved fo r e x te n s io n s at $ 1 7 ,0 0 0 p er m ile
D a te.
Interest. O utstanding.
M a tu r ity . and $ 12 ,500 In c o m p a n y ’s tre a s u ry .
N o s in k in g fu n d an d b o n d s a rc n o t
1st M , $ 7 5 0 ,0 0 0 ,g o ld . $ l ,0 0 0 f 1892
5 g A -O
$ 7 5 0 ,0 0 0 A p ril 1 1912 s u b je c t t o ca ll.
ea ch ________ _____________c * ( R e d e e m a b le a t 105 and Int. a fte r A p ril 1 1902
E A R N I N G S .— F o r year e n d in g D e c. 31 1907, gross, $ 55 ,383 ; n e t, $ 2 5 ,
( i n t . at M erca n tile T r . C o ., B o s to n , T ru ste e . 89 2 .
„
D eb en tu res, g ($ 1 ,0 0 0 )_____ cf 1892
5 g J -J
550 ,0 0 0 J u ly 1 1912
R O A D .— O perates 20 m iles o f tra ck b etw een B o w lin g G reen , O ., and
D eb en tu res, g ( $ 1 ,0 0 0 )______c( 1894
5 g M -S
125 ,000 M en 1 1910 W o o d v llle ; 40 m iles a d d itio n a l p r o je c t e d , o f w h ich 4-5 m ile c o m p le te d and
I I n t. on th e G lo b e S tre e t d e b e n tu re s Is p a y - rig h t o f w a y secu red fo r a b o u t 12 m iles. S tan d ard g a u g e , 6 0 -lb . T ra il.
( able In N ew Y o r k at N ew Y o r k T ru s t C o. C o n n e cts at B o w lin g G reen w ith th e T o le d o B o w lin g G reen & S ou th ern
D lg h ton Som erset
& S w an ) 1896
5 g J -D
109,000 D ec
1 1915 T r a c tio n C o ., at P em b e rvtlle w ith th e T o le d o F o sto rla & F in d la y R y . and
b ’ d s, $12 5 ,0 0 0 , g , 8 f , red f In t. at In te rn a tio n a l T ru st C o ., B o s to n , T r .
at W o o d v llle w ith th e L a k e S h ore E le c. R y .
F u rn ishes e le ctr ic ligh t and
105, a fter J u n e 1701($1,000J
S in k in g fund Is $3,000 a year.
p o w e r at B o w lin g G reen , as w ell as h o t w ater h e a tin g .
T a u n ton St R y 1st M __________f 1894
5 J-J
3 5 0 ,0 0 0 Jan
1 1914
O F F I C E R S .— P r e s .. Joh n R . Jon es: V .- P . and G en. M g r ., E . H . M cDo
D e b e n t u r e s __________j 1894
5 M -S
200 ,000 M ch 1 1914
K n lg h t; S e c. ,Chas. II. D ra p er: T r e a s ., B. C. H a rd in g .— V . 7 8 , p . 769.
I In t. on T a u n to n S treet R y . b o n d s p a y a b le at
l A m . T r u s t C o ., m o r tg a g e tru ste e , B o sto n
BRATTLEBORO, VT.
P r o v . A T a u n to n St R y 1st g\ 1898
5 g M -S
150 ,000 Sept 1 1918
($ 1 ,0 0 0 ), a u th o r ’ d $20 0 .0 0 j
A m erica n T ru s t C o ., B o s to n , T ru stee.
T W f N S T A T E S O A S & E L E C T R IC CO .
O
R
G
A
N
I
Z
A
T
I
O
N
.—
In c o r p o r a te d In C o n n e cticu t o n A u g . 26 1906 and
South Shore & Boston St. Railway Securities.
a cq u ire d th e B ra ttle b o ro Street R y . the B r a ttlc b o r o G as L ig h t C o . and the
D a te.
Interest. O utstanding.
M a tu rity
D o v e r G as L ig h t C o . V . 8 3 , p . 562 . C o n tro l is held b y the N a tion a l
B on d s, 1st M ($ 1 ,0 0 0 ), g o l d ,) 1899
5 F -A
$33 5,00 0 A u g 1 1910
L ig h t, H eat & P o w e r C o.
$ 1 ,0 0 0 ,0 0 0 -------------------------J I n t. a t A m e rica n T ru s t C o ., B o s to n , T ru stee
STOC K A N D B O N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
B rain tree
& W e y m o u t h 1 st) 1897
5 g M -S
80,000 M ch 1 1017
C o m m o n . $ 1 ,5 0 0 ,0 0 0 , ( $ 1 0 0 ) .....................................
$ 1 ,2 5 0 ,0 0 0 .......................
M , g o ld , $ 8 0 ,0 0 0 -----------------l i n t , at In te rn a tio n a l T r . C o ., B o s to n , T ru stee
.......... 150.000
...................................
B rid gew a ter W h it &R o c k , )
1897
5 g M -N
8 5 ,000 N o v 1 1917 P re fe rre d , $25 0,00 0 ($100) . . . ........
1st and re f M , $ 1 ,5 0 0 ,0 0 0 , g ) 1906
4 H g A -O
557,500 O ct 1 1926
1st m tg , g o ld , $1,000 — c * / I n t . at A m e rica n T ru s t C o ., B o s to n .
($500 and $ 1 ,0 0 0 ).............c * / l n t . a t K n ic k e r b o c k e r T r . C o ., N .Y ., T ru s te e
R o c k la n d & A b ln g to n , 1 s t) 1895
6 g M -N
100 ,000 M ay 1 1915
D o v e r G as L ig h t co n m ort-1 1905
5
175,000 S e p t 1 1925
m t g , $ 10 0,00 0, g o ld -------c ’ / I n t . at O ld C o lo n y T r . C o ., B o s to n , T ru stee
g a g e , $500,000 ...................... /U n io n S afe D e p . & T ru st C o ., T r u s te e .
W est Roxbury & Rosilndale St. Railway Bonds.
U n io n Gas & E le c, m o r tg a g e ,! 1897
....................
250 ,000 S e p t. 1 '1 7
D a te .
In terest. O ustandlng.
M a tu r ity
$ 2 5 0 ,#00
_________________ /U n io n Safe D e p . & T ru st C o ., T r u s te e .
1 st M, $ 1 5 0 , 0 0 0 , g . s f ($ 5 0 0 ),) 1896
5 g M -S
$ 1 3 7,50 0 S ept 1 1916
B r a ttle b o r o G as L C o m t g ------- 1903
5
7 5 ,0 0 0 F e b 2 1923
red at 103 a fterS cp 1 '0 1 . c * / I n t . at I n t e m a t . T ru s t C o ., B o s to n , T ru stee
B o n d s.— O f th e $1,5 0 0 ,0 0 0 n ew b o n d s. $500,000 are reserved fo r p r io r
1808
5 g J -J
47,500 J u ly 1 1 9 1 8
N o rfo lk C entral 1st m tg ,
Hens and $442,500 fo r a c q u is itio n s , e x te n sio n s and Im p r o v e m e n ts .
No
(S u b je c t t o call a fte r J u ly 1 1903.)
g o ld . $100,000.
sin k in g fu n d and b o n d s are n o t s u b je c t t o ca ll.
I n t. a t In te r n a t. T ru s t C o ., B o s to n , T ru stee
R O A D .— O perates 5 m iles o f tra ck In B r a ttlc b o r o . In a d d itio n t o gas and
N o rfo lk S u b u rb a n . 1st m ort-1 1804
5 J-J
59,000 J u ly
1914
e le ctr ic -lig h t p lan ts In B r a t t le b o r o , V t ., and D o v e r , N . H .
g a g e ________________________J In t. at In te r n a t. T r . C o ., B o s to n , T ru ste e
O F F I C E R S .— P re s., I. L . M e lo o n ; V lc e -P r e s ., W in . C. P r a t t ; S ec an d
S tock and B on d s.— T h e p re f. s to c k Is s u b je c t to call a t 120.
O f the new T r e a s ., G eo D . M artin .— V . 8 3 . p . 499.
$ 1 0 ,0 0 0 ,0 0 0 O ld C o lo n y .Street R y . m t g e ., $ 4 ,6 0 5 ,0 0 0 are reserved fo r p rio r
lien s.
R em a in in g b o n d s can o n ly b e Issued fo r 5 0 % o f c o s t o f a d d l
BRISTOL, CONN.
tlon s an d Im p rov em en ts . T h ese b o n d s are n o t s u b je c t to ca ll.
D ivid en d s.— R a te 1892 to 1898 in c lu s iv e w as 6 % ; In 1899, 8 % ; In 1900
B R I S T O L & P L A I N V I L L E T R A M W A Y C O .— A tr o lle y r o a d .
A ls o
In 1901. 6 % ; In 1902, 5 % ; In 1.903, 5 % ; In 1904, 3 % ; In 1905, 2 %
furnishes e le ctric ligh t and gas.
O R G A N I Z A T I O N .— O rg a n ize d S e p t. 21 1893. A gas p la n t w as c o m
in 1006, 2 % ; In 1907, 4 % ; In 1908, 4 % .
ple te d In 1906.
Franchises p e rp e tu a l.
In A u gu st 1906 a m a jo r ity o f the
R O A D .— C on s olid a te d system ow ns an d leases 3 9 9 .4 1 0 m iles o f tra ck
(Including 20 m iles leased fro m N e w p o rt & Fall R iv e r S t. R y . and 26 m iles s to c k w as p o o le d fo r 5 years.
In A u g u st 1908 a s to c k d iv id e n d o f 5 0 % w as d e c la r e d , Increasing o u t
le a s e d to B oston " L ” ) , co m p r is in g the lines o f th e M ass. K lectrlc C om p a n ies
sta n d in g a m o u n t to $37 5 ,0 0 0 . V . 87. p . 96, 414 .
s o u th o f B o s to n .
O p erates 373 .154 m iles.
B R O O K LYN R A P ID T R A N SIT CO
t
^MORRIS PAR*
richmonI
SYSTEM.
SU R FA C E
A N D
A N D
ELEV ATE D
S u r fa c e R a ilr o a d s s h o w n
E le v a te d
“
**
[e v il l e
L IN E S
F R A N C H IS E S .
F r a n c h is e s s h o w n
th u s —
“
-
t h u s ____________
JOANARSIE
f l u s h in g
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Of the
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GLENbAL'i'
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Island
Vupress Hills'
C em etery s"\
gt
St
-8* St.
Semett
CORONA
ELECTRIC RAILWAYS
F e b ., 1 9 09 . J
STOCK AN D BON DS—
D a te.
Interest. O utstanding.
M a t u r it y
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )..........
.
........
$ 3 7 5,00 0 1007-08 0 %
1st m ortg a g e 5 00 0.00 0, g o l d f 1005 4 H g M -N
850.000 N o v 1 1 0 4 5
(5500 a n d 5 1 ,0 0 0 )_________ (I n te r e s t a t B ristol N a tio n a l B a n k , B risto l.
(T re a su re r o f S ta te o f C o n n e cticu t, T ru ste e .
B on d s.— A re s u b je c t t o ca ll a fte r 5 years a t 102; a fte r 10 years a t par.
E A R N I N G S .— F o r years e n d in g Jun e 30.
R a ilw a y
R a ilw a y Gas & E le c . Interest
Y ear—
G ross.
N et.
L tg ..N < t. & T a x es. D ivid en d s. B a lan ce.
515 ,000
519 ,115
1008 ............. 587 ,570
530 ,0 0 0
527 ,044
523,589
22,890
1907
84,8 0 0
35.043
25,781
22,9 3 4
.15,000
..
.
R O A D .— O perates a b o u t 1 3 34 m iles o f track laid w ith 50 an d 0 0 -lb . T ra il,
from B ristol to P la ln vllle, w ith branches t o L a ke C o m p o u n ce an d to
T e r r y v llle .
Stan d ard g a u g e , 29 ears an d 3 sn ow p lo w s.
O F F I C E R S .- B r o s . , M iles L . P e c k ; V .- P . N . E . P ie rce ; S e c . an d T r e a s .
M . L . T iffa n y ; G en . M g r., G . E . C o c k ln g s .— V . 81, p . 770; V . 8 7 , p . 9 0 ,4 1 4 .
BRISTOL, TENN.
B R IS T O L G A S & E L E C T R IC C O .— T r o lle y , gas an d e le ctric lig h t.
O R G A N IZ A T I O N .— I n c o r p o r a te d In N . Y . t o co n s o lid a te th e B ristol
G as & E le c tr ic C o. (Y a .) an d B ristol B e lt Line R y . C o ., all the s to c k an d
b on d s o f w h ich c o m p a n y It a c q u ir e d . F ra n ch ises are p erp etu al.
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , 5300,000 (5 1 0 0 ).................... ..
...............
5248,500 ......................
1st m o rtg a g e, 5 37 5.00 0, g o ld ) 1903
5 g J-J
273 ,000
Jan 1923
(5500 an d 5 1 ,0 0 0 )_____ c & r jI n t e r e s t at M e tro p o lita n T r . C o . , N .Y . . Trus.
B onds arc s u b je c t to call on a n y Interest d a y a t 110 a n d Interest.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1907 fo r b o th B risto l G as &
E le c tr ic C o . and Bristol B elt L in e I t y ., gr^ss, 570 ,1 4 2 ; n e t. 524 ,2 4 1 ; fixed
c h a rg es, 5 13 ,020 ; surplus, 5 10 .015 .
R O A D .— O perates a b o u t 5 m iles o f tra ck .
_ _ TI . .
..
O F F I C E R S — P res., B . L . D u la n e y . B ristol; V . - P . , C . B . H o b b s , N ew
Y o r k ; S ec. an d T r e a s ., N . D . B a ch m a n J r ., B risto l; S u p t. an d P u rc h . A g t .,
S . M . V a n c e , B ris to l.— V . 77, p . 1748; V . 83, p . 627.
BROOKLYN, N. Y.
B R O O K L Y N R A P I D T R A N S I T — (See M a p , page 16 ).
O R G A N I Z A T I O N .— O rga n ized Jan . 18 1896, p er p la n In “ C h ro n ic le ,”
V . 60 p 1145, to su ccee d t o the p r o p e r ty o f th e o ld L o n g Isla n d T r a c tio n
C o m p a n y fo re clo s e d , s y n d ica te h e a d e d b y th e la te e x -G o v e r n o r F low er
h a v in g th en bou gh t co n tr o l.
Is n o t a railro a d c o r p o r a t io n , b u t w as o r
ga n iz ed u n d er th e Business C orp oration law o f N ew Y o r k t o h o ld the stock s
an d b on d s o f railroad co m p a n ie s and t o a id In th e c o n s tr u c tio n an d e q u ip
m en t o f railroads. F ran ch ises are pe rp e tu a l.
A S S E T S .— -The follow in g Is a s ta te m e n t o f th e s to c k s an d b o n d s ow n ed
b y th e B r o o k ly n R a p id T ran sit sy ste m F b . 1 1909.
S to ck s
E n tire ca p ita l s to c k B ro o k ly n H e igh ts R R . C o. ( p a r )..................
5200,000
E n tire c a p ita l s to r k ISkIn. Q ’ ns C o. & S u b u rb a n R R . C o . ( p a r ).
2,0 0 0 ,0 0 0
E n tire s to c k Sea B ea ch R y . C o ., p ar v a lu e ..........................................
650,000
E n tire Issue o f th e c o m . s to c k o f th e N a s. E le c . R R . C o ., p a r . .
8,5 0 0 .0 0 0
6 3 ,6 7 2 .7 5 shares ou t o f 65,000 shares o f th e 4 % c u m u la tiv e p re f.
6 ,367,275
s to c k o f N assau E lec. R R . C o ., p a r _______________ ____________
4 7 ,8 5 9 .8 5 shares o u t o f 50,000 shares o f th e 5 % n o n -c u m u la tlv e
p ref. s to c k o f th e B r o o k ly n U n io n E le v . R R . C o ., p a r .............
4 ,7 8 5 ,9 8 5
125,308.31 shares ou t o f 130,000 shares o f th e c o m m o n s to c k
o f th e B r o o k ly n U n ion E le v a te d R R . C o ., p a r _______________ 12,530,831
E n tire c a p ita l s to c k o f C on ey Isla n d & G ra vesen d R y . C o. o u t
sta n d in g, p a r --------------------------------------------------------------------------------350,000
1 ,462.28 shares B r o o k ly n R a p id T ran sit C o ., p a r ...........................
146,228
E n tire c a p ita l s to c k of S ou th B ro o k ly n R y . ( p a r ) _______________
5ou,uuu
9,8 0 0 shares o u t o f 10,000 o f the A m e rica n R a ilw a y T r a ffic C o.
(ow n ed b y T ran sit D e v e lo p m e n t C o .), p a r _____ ______________
080 ,0 0 0
E n tire ca p ita l s tock o f the T ran sit D e v e lo p m e n t C o ., p a r _______
500,000
E n tire s to c k o f the Canarsle R R . C o. (ow n ed b y the T ra n sit
D e v e lo p m e n t C o .), p a r .......... ....................... ........................................
250,000
500 shares o f the B ridge O p e ra tin g C o ., p a r .....................................
50,000
T n e A m e r ic a n R a ilw a y T r a ffic C o. w as In corp orated In Ja n . 1904 w ith a
capital o f 8 1 ,0 0 0 ,0 0 0 (o f w h ich 598 0,00 0 is ow n e d b y the T ran sit D e v e lo p
m ent C o.) fo r th e p u rpose o f h au lin g and d is p o s in g o f c it y ’ s ashes and refu se.
D iv is io n o f T erritory w ith L on g Isla n d R R .— A t an In vestig ation b y th e
P u b lic S e rv ice C om m ission In N o v . 1907 It d e v e lo p e d th a t o n A p ril 1 1899
an " a g r e e m e n t o f allia n ce ” h ad been en tered Into w ith the L o n g Isla n d
R R . fo r d iv isio n o f te r rito r y .
“ L o n g Isla n d t e r rito r y ” Is d e scrib ed as
p a rt o f Q ueens C o u n ty an d the co u n tie s o f N assau and S u ffo lk , w h ile
"T r a n s it t e r rito r y ” Inclu des all o f K in gs C o u n ty an d p a rt o f Q u een s.
B esides th is, there Is n eutral te r rito r y c o n sistin g o f C o lle g e P o in t , F lu sh in g ,
J a m a ica an d th e Islands In J a m a ica B a y , Into w h ich n eith er m a y en ter
w ith o u t the co n s e n t o f th e o th e r.
R e-C lassification of System L in e s .— O w in g t o th e o p in io n o f th e C ou rt o f
A p p e a ls In Its d e cis io n u p h o ld in g th e rig h t o f th e B r o o k ly n H eigh ts R R . t o
ch a rg e 10 ce n ts fare t o C o n e y Is la n d , to th e e ffe c t th a t A r t ic le I V o f th e
R a ilro a d L a w relates o n ly .to street su rface railro a d s an d th a t d ifferen t
p ro v is io n s g o v e r n e le v a te d an d steam su rface ra ilr o a d s , a re -classifleatlon
o f th e road s o f th e system w as m a d e In M arch 1907 so as t o lim it th e fu n c
tio n s o f each railroad t o th e op e ra tio n o f Its ow n c h a ra cte r o f r a ilr o a d .
A c c o r d in g ly th e B ro o k ly n U n ion E levated n o w op erates o n ly th e e lev a ted
ro a d s an d th e street su rface ra ilro a d c o r p o r a tio n s o p e ra te street su rface
ro a d s o n ly . A s p art o f th is a rran gem en t th e leases o f th e B r o o k ly n U n io n
E levated R R . , th e S ea B e a ch R y . a n d th e S o u th B r o o k ly n R y . t o th e
B r o o k ly n H e igh ts R R . w ere te r m in a te d .
T h e leases o f th e P r o s p e c t P a rk
& C o n e y Isla n d R y ., th e N ew Y o r k & C o n e y Isla n d R y ., th e P r o s p e c t
P a rk & S o u th B r o o k ly n R y . w ere assign ed t o th e S o u th B r o o k ly n R y .
V . 84, p . 569.
T ran sfers and F a re s .— F o r decision s as t o transfers, see V . 79, p . 220 4,
2587.
A lso see V . 82, p . 1323. In A u g . 1907 th e A p p e lla te D iv is io n o f th e
S u p rem e C ou rt In B r o o k ly n held th a t cu m u la tiv e p e n a lties co u ld n o t be
co lle c te d fo r refu sal t o Issue transfers— see V . 85, p . 40 4 .
In June 1906
transfer system w as gre a tly e x te n d e d . F o r d ecision as t o e x p ir e d fra n ch ises,
see V . 82, p . 1101.
In D e c . 1908 P u b lic S e r v ic e C o m m issio n dism issed
a c o m p la in t t o re d u ce th e fare t o F lu sh in g fro m 10 t o 5 c e n ts . V. 87, p . 1604.
In A u g . 1906 th e c o m p a n y ’s rig h t t o ch arge a 1 0 -ce n t fare t o C o n e y Isla n d
w as d isp u te d an d riotou s p ro ce e d in g s re su lte d . See V . 82, p. 379 , 435 , 686.
In Ja n . 1907 C ou rt o f A p p e a ls su stain ed th e c o m p a n y ’s co n te n tio n as to th e
le g a lity o f th e 10-cen t fa re.
See V . 84, p . 101. O n M ay 23 1908 G o v .
H ughes v e t o e d a bill w h ic h , th o u g h general In fo r m , w as In ten d ed to p r o v id e
a 5-cen t fare fro m M an h a ttan to C o n e y Isla n d . V . 86, p . 1342.
M ortga ges of C onstituent C om p a n ies to S ecure A d van ces by B ro o k ly n R apid
T ra n sit.— In M ay 1907 th e N ew Y o r k S ta te R R . C o m m , co n s e n te d t o th e
Sea B ea ch R y . , the Canarsle R R . an d th e S o u th B r o o k ly n R y . m a k in g
m o rtg a g e s o f $ 2 ,0 0 0 ,0 0 0 . $2,0 0 0 ,0 0 0 an d $ 4 ,0 0 0 ,0 0 0 r e s p e c tiv e ly to secu re
certifica tes o f Indebtedness Issued b y th o se co m p a n ie s t o th e B r o o k ly n
R a p id T ra n sit fo r m o n e y s a d v a n c e d fo r a d d itio n s , b e tte rm e n ts , & c.
In
Ju n e 1907 B r o o k ly n U n ion E le v a te d a u th o riz e d a m tg e . fo r $20 ,0 0 0 ,0 0 0
an d th e N assau E le ctric fo r 5 5 ,0 0 0 ,0 0 0 fo r sam e p u r p o s e ; b u t In J u ly 1908
P u b lic S ervice C om m ission d en ied a p p lic a tio n fo r th e a p p ro v a l o f these la t
ter tw o m o rtg a g e s . See particu lars V . 8 7 , p . 224. N o b o n d s w ill be Issued
u n d er a n y o f these m tg e s ., w h ich are cre a te d s im p ly t o secure th e certificates
o f In debtedness as Issued fro m tim e t o tim e . T h e ce rtifica te s c a n n o t be
Issued at less than par an d are d e p o s ite d u n d e r th e B r o o lk y n R a p id T ran sit
first r e fu n d in g m tg e . V . 8 4 , p . 1181, 124 6, 1550.
S E C U R I T I E S O U T S T A N D I N G F E B . 1 190 9.
S T O C K A N D B O N D S . O utstand’ g .
Interest.
M a tu r ity . A n n . chges.
S to c k $ 4 5 ,0 0 0 ,0 0 0 ($100) .5 4 5 ,0 0 0 ,0 0 0
________ __________- ............A p r ’ 0 9 ,1 %
B r o o k R a p T r first r e f l 34:;,3 5 0 ,0 0 0 4 g J -J
J u ly 1 2002 $ 1 ,6 9 4 ,0 0 0
m tg e(1 9 0 2 ) $ 1 5 0 ,0 0 0 ,-)
C en tral T ru s t C o ., N ew Y o r k , T ru s tee.
000 g o ld _________ c* & rj C o u p o n b o n d s , $ 1 ,0 0 0 ; r e g iste r e d , 5 1 ,0 0 0 , 5 5 ,0 0 0 .
B ro o k R a p T r gold
M l 7 ,0 0 0 ,0 0 0 5 g A -O
O ct
1 1945
3 5 0 ,0 0 0
1895 $ 7 ,0 0 0 ,0 0 0 ___ c*J
d In te re st a t T ru st C o . o f A m e r ., N . Y . , T ru stee.
B ro o k ly n C ity R R —
R e fu n d m tg e 1906 $6,-1
* 6 0 0 ,0 0 0 4 g F -A
Aug
1 1956
* 2 4 ,0 0 0
9 25 ,000 ($ 1 ,0 0 0 )____ /L o n g Island L oa n & T ru s t C o ., B k ly n ., T r u s te e .
F irst con sol M 1 8 9 1 . . .
6 ,0 0 0 ,0 0 0
5
J-J a J u ly 1 1941
3 0 0 ,0 0 0
2 0 0 .0 0 0 4 'A F -A
J u ly 1 1941
9,0 0 0
N ew YV & F lat 1st M . .
125.000 6 M -N
M ay 1 1910
7 ,5 0 0
G & L orlm er 1st M ____
2 5 0 .0 0 0
5 A -O
A p ril 1 1941
1 2 ,5 0 0
B r o o k ly n H eigh ts R R )
first m o r tg a g e 1 8 9 1 . . J P e o p le ’ s T r u s t C o ., B r o o k ly n , T ru stee.
B r o o k Q ueens C o & S u b l
3 .5 0 0 .0 0 0
5 g J -J
“ J u ly 1 1941
175 ,0 0 0
G u a ra n ty T ru s t C o ., N ew Y o r k , T r u s te e .
first m o rtg a g e 1894/
2 .8 8 4 .0 0 0 5 g M -N ‘ J u ly 1 1941
144 ,200
First c o n s M gu ar p& I\
(e n d .)$ 4 ,5 0 0 ,0 0 0 ’ 94J
C entral T ru s t C o ., N ew Y o r k , T ru ste e .
240 .0 0 0 5 g J-J
Jan 1 1930
1 2 ,0 0 0
Jam & B R R first'
C en tral T ru s t C o ., N ew Y o r k , T ru s te e .
m o rtg a g e 18 8 9 ____
6 50 ,000
4
g
M -S S e p t 11916 2 6 ,0 0 0
S ea B ea ch R y. first m ort
gu aran teed 189 6_____ / W . M . G rlnnell, W . O . P la tt & W m . M an , T r u s t.
B r o o k ly n U n ion E lev l s t l 1 6 ,0 0 0 ,0 0 0
5
g
F -A F e b 11950 8 0 0 ,0 0 0
m o r tg a g e 1899, g u a r ./I n t e r e s t at Cen tral T ru s t C o ., N . Y . , T r u s te e .
K in g s C o Kiev first m o rtl
7 ,0 0 0 ,0 0 0
4
g
F -A A u g 11949 2 8 0 ,0 0 0
$ 7 ,0 0 0 ,0 0 0 g o ld ($ 1 ,-J In te re st a t Cen tral T ru s t C o ., N . Y . , T ru stee.
000) gu ar 189 9_____ c j
N assau El R R C o
cons Ml 1 0,726,000 4 g J -J
J an 1 1951
4 2 9 ,0 4 0
b o n d s ($1,000) c ’ & r)
G u aran ty T ru st C o ., N ew Y o r k , T ru stee.
b y end b y B r o o k ly n H e ig h ts R R .
$ 1 5 ,0 0 0 ,0 0 0 1898J B o n d s gu ar
F irst m o r tg a g e
b on d s)
6 6 0 .0 0 0
5 A -O
A p ril 1 1944
3 3 ,0 0 0
1894 _________________/
T ru st C o. o f A m e r ic a , N ew Y o r k , T ru stee.
730 ,0 0 0 5 A -O
O ct 1 1909
3 6 ,500
A tla n tic A v e n u e first 1
B r o o k ly n 1'rust C o ., T ru ste e .
m o rtg a g e 188 4___. /
A p ril 1 1931
1 12 ,050
A t la n t ic A v e gen era l' C2,241 ,000 5 g A -O
B r o o k ly n T ru s t C o ., T ru ste e .
m o rtg a ge gold 1891
220 ,000 5 g J -J
Jan 1 1934
11,000
A tla n tic A v e Im p ro v
Central T ru st C o ., N ew Y o r k , T ru stee.
$22 0,00 0 gold 1894.
250 ,000 5 A -O
Jan 1 1917
12,500
6B B & YV E first m o rt
T itle G uarantee & T r u s t C o ., T ru ste e .
Ser B
$52,000 5 J -D
Jun e 1 1911
2,6 0 0
b B B & W E 2d m o rt
T itle G uarantee & T ru st C o .. T ru stee.
gage ............................. /
6,0 5 8
B B & YV E general)
121 ,000 5 g A -O
O ct 1 1933
g o ld , 1893 ................. / T ru s t C o . o f A m e r ic a , N ew Y o r k , T rustee.
T o t a l Interest charges (o n a b o v e $ 1 0 1,70 9,0 00 o f fu n d e d d e b t
ou tsta n d in g) __________________________________________________ $ 4 ,4 6 6 ,9 4 0
Rental paym ents In addition to paym ent o f fix e d charges—
B r o o k ly n C ity R R s tock $1 2 ,0 0 0 ,0 0 0 1 0 % Q -J 15, 999 y e a r s . . $ 1 ,2 0 0 ,0 0 0
P r o s p e c t P a rk & C on ey Island R R . , y e a rly r e n ta l_______________
4 0 ,0 0 0
_
5 3 7 .810 ,31 9
B on ds
♦ 1st M 5 % b o n d s B k ly n . Q ueens C o. & S u b . R R ( p a r )________ 5 2,000,000
1st c o n . M B k ly n . Q ’ns C o .A S u b . (o w n e d b y B k ly n . H ’ ts C o . ) . .
50,000
♦ 1st m ortg a g e 5 % bond s B ro o k lyn C ity R R . (p a r )------------------1 ,627,000
R e fu n d in g g o ld m tg e .. 4 % , B r o o k ly n C ity R R --------------------------600,000
G old 5 % b on d s B rook ly n R a p id T r a n s it--------------------------------------30,000
8,7 9 3 ,0 0 0
R e f m tg 4 % b on d s B ro o k ly n R a p id T ran sit C o ........ ..................... ..
R e f m tg 4 % b o n d s 13. R . T . (o w n e d b y N assau E l. R R . ) ------979,000
2d m tg. b % builds B k lyn . B ath * W est r.nu R y . (ow n ed by
1.000
T ran sit D e v e lo p m e n t C o . ) _______ __________________ ___________ C on sol m tg 4 % b on d s N assau E le c R R ____________________________
379 ,000
C on sol m tg . 4 % b on d s Sea B ea ch R y . (ow n ed b y N assau E lec.
R R . C o . ) ............... .................. ................................... ............- .....................
22,500
17
----------514 ,181 ,50 0
♦ C om p osing gu a ra n ty fu n d fo r p e rfo rm a n ce o f B r o o k ly n C ity R R . C o .’s
T h e B rooklyn C ity IIR. C o. Is held u n d er a 9 9 9 -y e a r lease d a te d F eb . 14
1893, gu aran teein g all fixed ch a rge s, o rg a n iz a tio n exp en ses, ta x e s an d 10 %
d iv id e n d o n $12 000,000 o f s to c k .
T h e lease Is n o m in a lly to th e B ro o k ly n
H eigh ts R R . C o ., b u t th e B r o o k ly n R a p id T ran sit C o. o w n s th e en tire c a p
ita l s to c k o f th e B rook ly n H eigh ts Co.
In 1898 th e H eigh ts C o m p a n y
leased the B ro o k ly n Q ueens C ou n ty & S u b u rban R R .
T h e lease w as re
n ew ed y ea r b y y e a r , rental b ein g fixed c h a rg e s, ta xe s and o rg a n iz a tio n e x
penses. On J u ly 1 1901 the B . Q . C. & S. began o p e ra tin g se p a ra te ly a ga in .
O n A p ril 1 1899 the H eigh ts C o m p a n y te m p o ra rily leased the N assau E le c
tr ic R R .
L a ter perm an en t leases w ere m a d e , b u t o n Jun e 30 1004 pre su m a
b ly In e on seq u en ce o f a d e cisio n (V . 7 9 , p . 102) co m p e llin g the Issuance o f
tran sfers, the lease o f th e N assau E le c tr ic R R . w as c a n ce le d .
T h e B ro o k ly n H eigh ts R R . In A p ril 1899 leased fo r the p e rio d o f 099 years
th e P r o s p e c t P a rk & C on ey Island R R . (see term s u n d e r th e la t te r ), the
N ew Y o r k & C on ey Island R R . an d the P r o s p e c t P a rk & S ou th B ro o k ly n
R R . , b u t th e leases o f these co m p a n ie s w ere assigned In M arch 1907 to
S o u th B r o o k ly n R w y ., w h ich had been acq u ire d b y p u rch ase In F e b . 1902.
V . 7 4 , p . 470. T h e S o u th B r o o k ly n R w y . ow n s th e d o u b le -tra ck road
(1 yi m iles) e x te n d in g fro m N ew Y o r k B a y , near 38th S t ., B r o o k ly n , t o 38th
S t ., near 9th A v e .. B k ly n , and In Jun e 1907 Increased Its s to c k fro m
$150,000 t o $50 0,00 0.
In N o v . 1005 pu rch ased a t fo reclosu re fo r $262,000 th e road o f th e B r o o k
ly n & R o c k a w a y B ea ch R R ., 3 H m iles, fro m E a st N ew Y o r k to Canarsle,
a n d later organ ized the Canarsle R R . C o ., w ith $250,000 c a p ita l, to op e ra te
th e r o a d . V . 8 2 , p . 1155. T h e en tire s to c k o f this c o m p a n y Is ow n e d b y
t h e T ra n sit D e v e lo p m e n t C o. T h ro u g h e le v a te d train s e rv ice fro m the
B r o a d w a y F erry, e n jo in in g the W llU am sburgh B ridge, to Canarsle w as In
s titu ted J u ly 30 1906.
V . 83, n. 271; th rou gh s e rv ice o v e r the brid g e to
D c la n c c y S t ., N ew Y o r k , w as p u t In o p e r a tio n o n S e p t. 16 1908, th e c o n
n e c tio n fro m B r o a d w a y E le v a te d t o B ridge s tru ctu re h a v in g been c o m
p leted .
O n M ay 21 1904 the B r o o k ly n H eigh ts R a ilr o a d C o. signed an a gree
m en t w ith th e c it y fo r o p e ra tio n o f tro lle y cars o v e r th e new W il
liam sbu rg B rid ge. See V . 78, p . 201 3, 2386.
L a te r th e B rid g e O p e ra t
in g C o. w as fo rm e d , w ith $100,000 c a p ita l, to o p e r a te loca l s e r v ic e o n the
b rid ge. S ec V . 79, p. 626. T h ro u g h su rfa ce cars are o p e r a te d o v e r brid ge
b y B rook ly n H eights R R ., N assau E lec. R R . an d B ’ k lyn Q ueens C o. & S u b .
R R . S u rface cars first began ru n n in g across tills brid g e In N o v . 1904. V .
7 9 . p. 2084.
In O c t . 1907 a p p lica tio n w as m a d e to P u b lic S e rv ice C o m m issio n for p e r
m ission to b u ild a fo u r-tra ck ele va te d road a lo n g F latbu sh A v e . e x te n sio n
t o M a n h a tta n B ridge w ith a d d itio n a l e le v a te d tra ck s to c o n n e c t w ith M yrtle
A v e . lin e .
C ost w as to be a b o u t $ 8 ,0 0 0 ,0 0 0 .
V . 8 5 , p . 1082. In N o v .
1908 C om m ission d enied a p p lica tio n .
E x p re s s M a tte r .— On Ja n . 1 1909 th e c o n tr a c t w ith th e A m erican E xpress
C o ., u nd er w h ich the latter c o m p a n y had been using the B r o o k ly n R a p id
T r a n sit system for d istrib u tio n o f e x p re ss m a tte r, e x p ir e d , an d w as n o t
ren ew ed . V . 8 8 , p. 157.
T h e Tran sit D evelopm ent C o. w as orga n ized In A p ril 1903 u n d e r th e
B u siness C orp ora tion la w , w ith $25 ,000 c a p ita l, and Is o w n e d e x c lu s iv e ly
In th e Interest o f th e B r o o k ly n R a p id T ra n sit C o .
It Is a u th o rize d t o
m a n u fa ctu re and sell p o w e r and t o d o general c o n tr a c tin g w o rk .
On
M arch 1 1907 special arran gem en t w as m a d e b y w h ich the c o n ce rn furnish es
p o w e r and takes ch arge o f th e m ain ten an ce and repair o f all th e railw ay
p rop erties In th e B ro o k ly n R a p id T ran sit s y s te m , In clu din g th eir e q u ip
m e n t. V . 84, p . 569. In Jun e 1907 ca p ita l s to c k w as Increased t o $50 0,00 0.
• S u b je c t t o call J u ly 1 1916.
a S u b je c t to call In 1916.
b S u b je c t to call at a n y tim e .
c A tla n tic A v e n u e general m o rtg a g e 5s o f 1931 w ere s u b je c t t o call In
1909, b u t m a n y o f them (how m a n y Is n o t k n o w n ) h a v e been sta m p ed
relea sin g th em from th e lia b ility t o ca ll.
d T h e C entral T ru st C o. o f N ew Y o r k w as tru stee o f th is m o r tg a g e u n til
O c t . 1903, w h en th e C olon ial T ru s t C o . (sin ce co n s o lid a te d w ith th e T ru s t
C o . o f A m e rica ) w as su b stitu te d .
* E n tire a m o u n t ow n e d b y B r o o k ly n R a p id T ra n sit C o.
z $ 9 ,7 7 2 ,0 0 0 o f this a m o u n t o w n e d b y B . R . T . sy s te m .
S to ck .— B ro o k ly n R a p id T ra n sit s to c k au th o riz e d Is $ 4 5 ,0 0 0 ,0 0 0 ; Issued
$ 4 5 ,0 0 0 ,0 0 0 .
T h e s to ck w as fo rm e r ly held In a v o t in g tru st, b u t this t e r
m in ated Ja n . 1 1900. and c o n tr o l Is now vested In th e o w n ers o f th e shares.
In th e re o rg a n iz a tio n o f L o n g Isla n d T r a c tio n th e o ld $ 3 0 ,0 0 0 ,0 0 0 s to c k
p aid an assessm ent o f $10 p e r $100 sh are, th e o ld s t o c k b e in g re d u ced t o
$ 2 0 ,0 0 0 ,0 0 0 , and $ 7 ,0 0 0 ,0 0 0 o f 5 % b o n d s b e in g a u th o r iz e d , a ga in st
$ 3 ,0 0 0 ,0 0 0 o f L on g Island T r a c tio n .
D iv id e n d s .— F irst d l v ., 1 % , to b e p aid A p ril 1 1909.
Interest on Bon ds, W here P a y a b le.— In terest on th e B r o o k ly n R a p id
T ra n sit m o rtg age o f 1902 fo r $ 1 5 0 ,0 0 0 ,0 0 0 and th e t w o E le v a te d Issues Is
p a y a b le at th e Central T ru st C o .; on th e B . R . T . Issue o f 1895 at th e
T ru st C o . o f A m erica; o n th e B r o o k ly n C ity R R . re fu n d in g b o n d s at c o m
p a n y ’ s o ffic e : on the N assau E le ctric b o n d s, In clu d in g A tla n tic A v e n u e a n d
W est End Issues, at the T ru s t C o . o f A m e r ic a ; o n th e B r o o k ly n H e ig h ts first
m o rtg a g e at the P e o p le ’ s T ru s t C o .. B r o o k ly n ; o n th e B r o o k ly n Q u een s
C o u n ty & S u b u rban m o rtg a g e s and th e J a m a ica & B r o o k ly n first m o r tg a g e
a t th e L o n g Island L oa n & T ru s t C o ., B ’ k ly n ; an d o n th e Sea B ea ch 1st m t g .
at th e Sea Beach R y . o ffic e , 85 C lin ton S t ., B ’ k ly n .
M ortgage fo r $ 1 5 0 ,0 0 0 ,0 0 0 .— S to ck h o ld e rs a u th o riz e d M arch 20 1902
first re fu n d in g 4 % g o ld c o n v e r tib le b o n d s fo r $ 1 5 0 ,0 0 0 ,0 0 0 .
$ 6 0 ,
936 ,000 Is Intended t o retire all th e e x is tin g b o n d s o f th e system (In clu d in g
th e $ 7 ,000,000 B ro o k ly n T ra n sit 5 s), and th e rest fo r I m p r o v e m e n ts ,
a d d itio n s and new acq u isitio n s, as n eed ed fro m tim e t o tim e . T h e m o r tg a g e
p ro v id e s th a t a fu n d o f $ 5 ,0 0 0 ,0 0 0 In b o n d s o r th eir p r o c e e d s b e at all tim es
a t th e disp osa l o f th e c o m p a n y fo r th e p u rp o se s m e n tio n e d .
S ee V . 74
p . 377.
A s this fu n d Is re d u ce d fo r a n y o f th e p u rp o se s a u t h o r iz e d ,m o r e
b o n d s m a y b e a u th e n tica te d b y trustee an d d e liv e re d t o th e c o m p a n y on
Its o rd e r. T h ese b on d s can be co n v e r te d In to s t o c k , p a r fo r p a r, a fte r J u ly 1
1904 and b e fo re J u ly 1 1914, and are s u b je c t t o ca ll on a n y Interest d a y
18
ELECTRIC RAILWAYS
u n til yea r 2 000 a t 110 an d In terest: a fte r th a t at p a r and In terest. See
lis tin g a p p lic a tio n s In V . 81. p . 1856. 1857. fo r list o f secu rities p le d g e d
fo r th e b o n d s: also listin g a p p lic a tio n s In V . 82, p . 517; V . 8 3 , p . 1122:
V 85 p . 1523, and V . 8 6 . p . 623.
B o n d s __ O f th e $ 7 ,0 0 0 ,0 0 0 5 0 -ye a r g o ld 5s o f the B r o o k ly n R a p id
T ra n sit $3 000 000 w en t t o s to ck h o ld e rs fo r th e assessm ent.
F o r d e s c r ip
tion o f ’p r o p e r ty c o v e r e d b y th e m o rtg a g e , see V . 62, p . 1138. See also
a p p lic a tio n In V . 67, p. 904.
^ B ro o k ly n C ity R R . m o rtg a g e o f 1891 Is fo r $ 6 ,0 0 0 ,0 0 0 and Is a first lien
o n th e old B ro o k ly n C ity ro a d an d a c o n s o lid a te d lien on the lines a cqu ired
b y co n s o lid a tio n In 1890.
O f th e $ 6 ,0 0 0 ,0 0 0 Issued, $4,3 7 3 ,0 0 0 are In the
h an d s o f th e p u b lic an d th e b a la n ce Is held In th e g u a ra n ty fu n d . T h e
B r o o k ly n C ity R R . refu n d in g m o rtg a g e Is s u b je c t t o call a fte r J u ly 1 1915
at 110 and Interest.
S tock h old ers o f B ro o k ly n C ity R R . J u ly 10 1906 au th o riz e d a new m o r t
g a g e fo r $6,9 2 5 ,0 0 0 to p r o v id e fo r r e fu n d in g . V . 82. p. 1437.
T h e to ta l au th oriz ed Issue o f first c o n s o lid a te d m o rtg a g e gold 5s o f th e
B r o o k ly n Q ueen s C o u n ty A S u b u rban R R . Is $ 4 ,5 0 0 ,0 0 0 , o f w h ich $ 1 ,6 1 6 ,
000 are reserved fo r ex te n s io n s , on w h ich th e y w ill be a first lien .
O f the
$2 884 000 o u ts ta n d in g , $ 2 ,2 5 5 ,0 0 0 In 1898 w ere en dorsed w ith t h e g u a r a n ty
o f th e B rook ly n H eigh ts R R . C o . as t o p rin cip a l an d Interest, an d In Jan.
1899 p rov is ion w as m ad e fo r g u aran teein g the re m a in d e r o f th e p a y m e n t o f
$10 per b o n d .
B oth B . Q . C. A S. loans are s u b je c t to call In 1916.
T h e Sea B ea ch R y . 1st 4s also are gu aran teed as t o p rin cip a l an d Interest
b y th e B rook lyn R a p id T ran sit C o. V . 65, p . 1219.
T h e N assau E lectric b o n d s are g u aran teed (b y e n d o rse m e n t on each b o n d )
b y th e B r o o k ly n H eigh ts R R .
B esides c o v e r in g t h e m ileage d ir e ctly ow n e d
t h e y are a lien b y a su p p le m e n ta l agreem en t u p o n th e s to c k o f th e C on ey
Isla n d A G ra vesen d R y . an d th e Sea B ea ch R y . a n d w ill b e c o m e a d ir e ct
Hen on these lines sh ou ld th e la tte r b e c o m e m erged In th e N assau E le c tr ic .
O f th e to ta l o f $1 5 ,0 0 0 ,0 0 0 b o n d s a u th o riz e d , the unissued rem aln de
($ 4 ,2 7 4 ,0 0 0 ) Is reserved fo r p rio r liens. See listin g a p p lica tio n In V . 72
ls f
P 'M I L E A G E . — T h e system Includes:
T ra ck .
N a m e—
. 2.134
B r o o k ly n H eigh ts R R -------------------2.134
103.332
B r o o k ly n C ity R R . . -----------------------103.332
B r o o k ly n Q ueens C o. & S u b u rb a n R R .. 27.358
65.076
N assau E le c tr ic R R ----------------------- 65.076
. 6.221
6.221
S ea B ea ch R a ilw a y -----------------------C on ey Island A G ra vesen d R y .............. 3.250
. 1.184
S o u th B r o o k ly n R a ilw a y .................
1.184
P ro s p e c t P a rk A C on ey Isla n d R R . . . 9.401
~
B r o o k ly n U n ion E lev a te d R R . —
. 28.511
E lev a ted lin es____________________ 28.511
. 7.648
7.648
S u rface lin e s _____________________
C anarslc R R . —
.
.738
E lev a ted lin es________________
. 2.414
S u rface lin es_____________________
2.414
N ew Y o r k A B r o o k ly n B ridge R R — . 1.329' “
T ra ck a g e o n N . Y . A B k ly n . B r i d g e ... 1.204
T ra ck a g e on C. I. & B r o o k ly n R R -------. 2.595
T ra ck a g e o n W lllla m sb u rg h B r i d g e ... 1.723
2d
T rack.
1.851
98.798
26.674
63.959
0.221
3.188
1.184
7.802
Sidings,
& c.
.301
23.564
3.223
9.2 9 9
1.753
.348
3.301
8.188
Total
m iles.
4.2 8 6
225 .694
57.255
138 .334
14.195
6.786
5.669
25.391
28.483
7.648
5.802
18.708
02.796
34.004
.738
2.414
1.329
1.204
2.399
1.723
.687
.834
.344
1.476
5.515
3.492
2.408
4.994
3.790
76.352 . . 596
255 .615
264.118 ________
T o ta l m iles o p e r a te d ________________________
. .085
E Q U IP M E N T , Jun e 30 1 90 8.— C losed cars, 1 ,1 1 2 ; o p e n cars, 919 ; c o n
v e rtib le , 671; s e m i-c o n v e r tib le . 757; m iscella n eou s, 464 . T o t a l, 3 .9 2 3 .
R E P O R T .— T h e annual re p o rt fo r 1907-08 w ill be fo u n d In V . 8 7 , p . 612.
Passengers carried du rin g ye a r e n d e d Jun e 30 1908 a m o u n te d to o l o ,1 8 4 ,967, an Increase o f 3 ,3 4 5 ,5 3 0 o v e r p re v io u s y e a r.
IN C O M E A C C O U N T B R O O K L Y N R A P I D T R A N S I T A N D C O N S T I T U
E N T C O M P A N I E S — Y E A R E N D I N G J U A E 30.
R eceipts—
190 7-0 8.
190 6-0 7.
1905-06.
Passengers
. ..................................... $18 ,9 3 0 ,1 6 4 $ 1 8 ,4 4 3 ,9 8 3 $17 ,586 ,72 1
_______
3 15 ,719
3 49 ,539
309 ,555
F rcitrh f m all an d exp ress
A d v e r tis in g
e x p r e s s........ ..............
1 5 5 ,204
148,424
145,808
A merman R v * T r a f f lo 'C o -------1” _____
469 479
439,641
431 ,244
.............
165 ,2 5 6
194 ,356
156,959
O th er m iscella n eou s In c o m e --------------512 ,568
360,810
166,977
Uy
II
$ 20 ,548 ,39 0 $10 ,936 ,75 3 $ 1 8 ,797 ,26 4
E x p en se s —
Maintenance of way—
Maintenance of equlnn
Operation of power plai
G en eral e x p e n s e s ----------------------------------D a m a ges and legal e x p e n s e s . . .............
F r e ig h t, m all and exp re ss e x p e n s e s ..
A m e r ic a n R y . T r a ffic C o. e x p e n s e s ..
T a x e s -------------------------------------------
$1,0 2 0 ,1 0 4
1 ,837,550
1,653,728
4 ,9 7 9 ,7 5 7
651,669
1,242,361
190,885
363 ,525
930 ,0 0 7
$860,075
1,786,731
1,655,400
4,793,821
643,899
1,126,248
233,667
365,863
893,782
$815,147
1 ,642,799
1,609,534
4 ,2 5 1 ,3 3 7
603,289
973,104
203,962
342 ,205
882,862
$ 12 ,869 ,58 6 $12 ,359 ,48 6 $ 11 ,324 ,24 0
N et ea rn in g s ------
$ 7,678,804
5,604,931
$ 7 ,577,267
5,132,604
$7,473,024
4 ,7 3 0 ,0 7 2
$2,073,873
229,781
$2,444,603
442.064
$2,7 4 2 ,9 5 2
580,343
$2,0 0 2 ,5 9 9
$ 1 ,844,092
$ 2,162,609
O F F I C E R S .— P r e s ., E d w in W . W in te r: C hairm an o f B o a rd , A . N . B ra d y
V ,-P ., H o ra ce C. D u V al and T . S . W illia m s; S e c. and T r e a s ., C. D . M eneely:
v ’ -P . and G e n . M g r ., J . F . C a ld e rw o o d ; C o m p tro lle r. H ow a rd A b el. O ffices
85 C lin ton S t ., B r o o k ly n .
I N D E X . — V . 85, p . 220, 404, 862, 919, 1082, 1517; V . 80. p . 107, 337,
419 720, 917, 1041, 1099, 1223, 1342, 1345; V . 87, p . 224 , 6 l 2 , 621 , 1604;
V . 8 8 , p. 157, 293 , 374 .
C O M P A N I E S C O N T R O L L E D B Y B R O O K L Y N R A P I D T R A N S I T CO
<1) B rook ly n U nion E le va te d R R .— F o rm e rly a steam r o a d , n o w e le ctr ic
O R G A N I Z A T I O N .— O rga n ized on Ja n . 30 1899 as su cce sso r o f th e
B r o o k ly n E lev a ted R R . and Its allied lines p e r plan In V . 64, p . 609.
Em
b ra ces th e K in g s C o u n ty E le v a te d R R ., r e o rg a n iz e d a c c o r d in g t o plan In
V . 68 p . 724 , th e Sea V ie w R R . and th e B r o o k ly n A B righ ton B ea ch R R .
In Feb. 1 9 0 ' th e B r o o k ly n R a p id T ran sit ow n e d 812,530,831 c o m m o n
an d $4,7 8 5 ,0 8 5 preferred s to c k o f th e B r o o k ly n U n io n E le v a te d
L e a s e .— L ea sed t o B r o o k ly n H e igh ts R R . fo r 999 yea rs fro m J u ly 1 1901;
th e lessee agreed t o p a y org a n iz a tio n exp e n se s, ta x e s and fixed ch arges, and
as ren tal all n et earn in gs, such n et earnings n o t t o b e less than $ 1 5 0 , 0 0 0 p er
a n n u m th e first th ree y e a rs, $20 0,00 0 th e n e x t t w o years an d $25 0,00 0 per
a n n u m th erea fter.
Lessee also agreed t o gu a ra n tee, p rin cipa l and Interest,
all b o n d s o f th e B r o o k ly n U nion and K in g s C o u n ty E levated R R . co m an lcs, th e g u a ra n ty t o be sta m p e d u p on th e b o n d s u p o n p re s e n ta tio n .
In
'e b . 1902 began s ta m p in g b o n d s w ith g u a r a n ty . C ertain d a y s each m on th
are d esign a ted fo r s ta m p in g . See V . 88, p . 99.
In M arch 1907 lea se was
term inated, but the lease guaranty rem ains u n im paired . Sec V . 84, p. 569.
In Jun e 1907 a 10-year m tg e . fo r $ 20 ,000 ,00 0 w as a u th o riz e d , but In J u ly
1908 P u b lic S ervice C om m ission refu sed t o a p p ro v e m tg e . See V . 87. p .2 2 4 .
T h e m tg e. w as s im p ly t o secure c e rtifica te s o f In debtedness give n to th e
B r o o k ly n R a p id T ran sit fo r m o n e y s a d v a n c e d fro m tim e t o tim e . V . 84,
?
P ' S T O C K “A N D V iO N D S —
D a te.
In terest. Outstanding. M a tu r ity ,A c
C om s t o c k . $ 1 3 ,0 0 0 ,0 0 0 ,( $ 1 0 0 ) .................................
f l s -0n°n0 -0 ° 0
5,0 0 0 ,0 0 0 D e c ’0 8 ,2 H %
P r e f stk , 5 % n -c , $5,000,000 .1 ................................
( $ 1 0 0 )........................... ...........(
„ .
____
_5 g _____
1st M , $ 1 6 ,0 0 0 ,0 0 0 , g , 4 %o) 1899
F -A _ 1 6 ,0 0 0 ,0 0 0 F e b 1 1950
till ’ 05, th en 5 % ($ 1 ,0 0 0 ). “/in t e r e s t at C en tral T r u s t C o ., N . Y ., T r u s te e .
K in g s C o u n ty E lev a te d 1st M l 1899
4 g F -A
7 ,0 0 0 ,0 0 0 A u g 1 1949
g o ld , $ 7 ,0 0 0 ,0 0 0 ($ 1 .0 0 0 )c * j In te re st at C en tral T ru st C o ., N . Y . , Trustee.
B oth tssues o f b o n d s are listed o n N . Y . S to c k E x ch a n g e .
R O A D .— T h e B r o o k ly n U n io n em b ra ce s 6 2 .7 9 > m iles o f e le v a te d tra ck
a n d 3 4 . 0 0 4 m iles o f su rfa ce t r a c k . T o t a l, 96.80 m ile s .
1 he N ew Y o r k &
B r o o k ly n B rid ge has 3.492 m iles o f tra ck In a d d itio n .
O n J u ly 1 1898 th e o p e r a tio n o f th e B ridge railroad w as c o m m e n c e d .
See term s o f c o n tr a c t In V . 67, p . 27, 42 6 .
In A p ril 1898 an ag re e m e n t
w a s m ade w ith L o n g Isla n d R R . p r o v id in g fo r jo in t c o n s tr u c tio n o f c o n n e c t
in g line at East N ew Y o r k an d ru n n in g o f th ro u g h train s fro m J a m a ica t o
B r o o k ly n B rid ge an d fro m R o c k a w a y P a rk t o B ro a d w a y fe rrie s. C o n
s tru ction begu n In N o v . 1898 and w o rk c o m p le te d In T c b . 1 89 9. V . 67,
2 10 54
O n M ay 30 1903 th ro u gh serv ice b y elevated trains (n o t L o n g
Isla n d R R . train s) fro m B r o a d w a y F erry t o J a m a ic a w as In au gu ra ted ;
b u t In N o v . 1903 th e B oa rd o f A ld e rm e n p assed an o rd in a n ce p r o h ib itin g
th e o p e ra tin g o f e lectric train s o n J a m a ica A v e n u e , an d th e n e x t m o n th
th r o u g h serv ice w as d is c o n tin u e d .
|V O L . LXXXV 1II.
D I V I D E N D S .— T h e first d iv id e n d o f 2 % on th e p referred s to c k w as p a id
Ju n e 29 1901; In 1902, Jun e 30, 1 % . O n D e c. 31 1902, 1 Yt % and H %
e ra.
In 1903. Jun e 30, 1 H % ; D e c. 3 1 , 1 H % .
In 1904, J u ly 7 . 1 H % :
D ec. 2 % . In 1905. 4 % . In 1906, J u n e , 2 % : D e c . , 2 14 %■ In 1907, J u n e,
2 H % : D e c ., 2 H % • In 1908, Jun e, 2 M % ; D e c., 2 'A % A N N U A L R E P O R T . — N ow Inclu ded In B r o o k ly n R a p id T ra n sit.
O F F I C E R S .— P r e s ., H e n ry Seibert; V . - P . , T . S . W illia m s, V . - P . , J. F .
C a ld e rw o o d ; C o m p ., H o w a r d A b e l; S e c. an d T r e a s ., C. D . M e n e ely .— V .
7 7 , D- 2380; V . 79 p . 268; V . 84, p . 1247.
(2) Nassau Electric Railroad.— A tro lle y ro a d .
O R G A N I Z A T I O N .— C h artered M arch 13 1893 u n d e r th e law s of N ew
Y ork .
O p e n e d In J u ly 1895 an d In A p ril 1896 leased th e A tla n tic A v e n u e
R R ., A c .
A s s ta te d a b o v e , the R a p id T ra n sit C o. ow n s th e w h o le $ 8 ,5 0 0 ,OOO c o m m o n s to c k of the N assau E le ctric and $6,3 6 7 ,2 7 5 o u t of th e $6,
500 ,000 p referred s to c k .
L ea s e .— W as fo rm e r ly le a se d for 999 years fro m A p ril 1 1900 t o B r o o k ly n
H eigh ts R R . , b u t c o ln c ld c n t ly w ith a de cisio n co m p e llin g th e Issuance o f
transfers from on e leased line t o a n o th e r (V . 79, p . 102) the lease w as t e r
m in a te d o n Jun e 30 1904.
F o r still a n o th e r d ecision as to transfers, see
V 82 p . 1323; also V . 85, p . 404.
The’ assets o f th e K in gs C o u n ty T r a c tio n C o. w ere p u rch a se d at p u b lic
sale In J u ly 1898 b y th e s y n d ic a te c o n d u c tin g th e c o n s o lid a tio n .
V . 67,
p . 74, 125. C ertificate o f m erger o f A tla n tic A v e n u e R R . an d U n ited R R
(th e la tte r be in g su cce sso r t o the B r o o k ly n C a ble C o. so ld at fo re c lo s u r e
D e c. 23 1897) w as filed o n Jan . 26 1899. V . 08, p . 2 83 ,821 .
In June 1907 a 10-ycar m o rtg age fo r $5,0 0 0 ,0 0 0 w as a u th o rize d t o secu re
c e rtifica te s o f In debtedness Issued from tim e to tim e t o th e B r o o k ly n R a p id
T ra n sit fo r a d v a n ce s m ade fo r Im p rovem en ts, & c ., b u t In J u ly 1908 the
P u b lic S ervice C om m issio n d enied a p p lic a tio n fo r a p p ro v a l o f m tg e . V . 84,
p . 1181, 1246, 1550; V . 87, p . 224.
ST O C K AN D BON DS.
D a te.
Interest. O utstanding.
M a tu rltu .
C o m m o n s to c k $ 8 .5 0 0 ,0 0 0 .................................................$8,5 0 0 ,0 0 0
------------------P referred 4 % cu m $ 6 , 5 0 0 , 0 0 0 . ------M -N
6,500,000 N o v ’03, 2 %
B on ds — F o r details see R a p id T ra n sit s ta te m e n t a b o v e .
R O A D .— E m b ra ce s 138.334 m iles o f sin gle tra ck .
A t la n t ic A v e n u e R R . (n o w p art o f N assau E lectric) o w n e d the d o u b le
tra ck steam road (since c o n v e r te d to e le ctricity ) from J a m a ic a to F latbu sh
A v e n u e S ta tio n In B r o o k ly n , 9 A m iles (19 m iles o f t r a c k ), w h ich Is leased
for 99 ye a rs from Ju n e 1 1877 to th e L o n g Isla n d R R . C o ., a ffo rd in g th at
e o m n a n v en tra n ce Into th e c it y o f B r o o k ly n — re n ta l, fo rm e r ly a p e rcen ta ge
o f re c e ip ts , w as ch a n g e d In 1895 to $60 ,0 0 0 y e a r ly . V 61. p . 828 .
L it i
g a tio n has arisen w ith L o n g Isla n d R R . w ith refe re n ce to use o f A tla n tic
A v e n u e . S ec V . 7 4 , p . 1139.
D I V I D E N D .— F irst d lv . o n p re f. u n d er lease w as p a id D e c. 31 1900, 4 % ;
N o v 1 9 0 1 .4 % ; N o v . 1902, 4 % : N o v . 1903. 4 % ; N o v . 1904, 4 % : N o v . 1905.
4 % ; In 1906, M a y , 2 % ; N o v ., 2 % ; In 1907, M a y , 2 % ; N o v ., 2 % ; in 1908,
°ANNMJAL R E P O R T .— F o r ye a r e n d in g Ju n e 30 1908, gross, $ 3 ,2 9 0 ,2 5 4 ;
n e t $ 1 ,0 3 5 ,4 9 7 ; o th e r In com e, $14 3,87 8; ch arges, $ 1 ,0 1 2 ,3 0 8 ; surplus,
$ 1 6 7 ,0 6 7 . V . 70, p . 125, 328; V . 71, p . 1220; V. 72, p . 240 , 339 . 342;
V . 82, p . 1323.
(3) Prospect Park & Coney Island R R .— A tro lle y r o a d .
O R G A N I Z A T I O N .— C on trolled b y L on g Isla n d R R . , b u t on Jun e 17
1899 the B ro o k ly n R a p id T ran sit Co to o k possession u n d er a lease for 099
ye a rs to the B r o o k ly n H eigh ts R R . and e q u ip p e d th e road e le ctrica lly .
(V 68 p . 1224; V . 69, p . 654 .)
In I \ b . 1907 this lease w as assign ed to
th e S ou th B ro o k ly n R y . V . 84, p . 569.
R e n ta l Is $40,000 p er ann um and
exp e n se s until 1910, w hen a m o u n t Increases to $45 ,0 0 0 .
In c o n sid era tion
o f a g u a ra n ty b y L o n g Island R R .. ann ual Interest on the g reater p art o f
P ro sp e ct P ark & C on ey Isla n d ’s b o n d e d d e b t has be e n re d u ce d fro m 6 and
7 % to 4 vs % .
See y ._ 5 6 , p . 42: V . 62, p . 187;
M a tu r ity .
STOC K A N D BO N D S. "
D a te.
Interest. O utstand ing.
$250,000
S to c k $ 1 0 0 . - . ............................................
340 .000 F eb 1 1926
4 H F -A
S e co n d m o rtg a ge n ow first! 1886
160.000 F eb 1 1926
6 F -A
($1,000 e a c h ) .................. c * A r ) 1886
96,000 M ch 1 1931
4H g M -S
T h ird m o rtg a ge (n ow s e c o n d )! 1891
104.000 M ch 1 1931
6 M -S
gold ($1,000 e a c h ) ___c* A rJ 1891
Interest on a b o v e m ortg ages p a y a b le at U . S. M ortg age A l rust Co N . Y .
In c o m e b o n d s n o n -c u m _______ 1880
6 M -N
M a y 1 1920
R e a l estate M Jun e 30 190 1 ------------5
-3 ,1 0 0 ------------------Bills p a y a b le June 30 190 8____ ______
___ 7 ----------.
430 .500 - - - - - - - - - R O A D .— E m b ra ce s 27.697 m iles o f sin gle tr a c k , o f w h ich 2 1 .797 m iles
o w n e d , 5.46 leased and . 4 4 o p e r a te d u n d er tra ck a g e righ ts.
E A R N I N G S .— N ow Inclu ded In th o se o f B r o o k ly n R a p id I ranstt. T h e
P ro sp e ct Park A C on ey Isla n d re ce ive d as ren tal from B io o k ly n H eigh ts In
ye a r e n d in g .June 30 1908, $40 ,0 0 0 ; rental o f b u ild in g s, $4 0 ,4 3 3 ; to t a l, $ 8 0 ,
433 ; Interest, ta x e s . A c , $60 ,7 3 8 ; su rp lu s. $1 9 ,6 9 o .
CONEY ISLAND & BROOKLYN RR —
O R G A N I Z A T I O N .— C hartered D e c . 10 I 8 6 0 .
Cars co m m e n ce d running
n vrr th e H rook lvn IU'ldffC Fell* 15 1898. See v . 06, p . oo*»,
B rook lyn City^ & N e w to w n w as leased in N o v . 1897 fo r 999 y e a rs , a n d in
1900 w as m erged in to th e C on ey Island & B r o o k ly n . f
nnn
A u th orized s to c k w as increased In M atch 1907 fro m $ 2 ,000,000 to
•
nno
V 84 n 569
O f this a m o u n t $1,0 0 0 ,0 0 0 w as ofTered t o
sh areholders In M ay' 1907; p a y m e n t t o b e m a d e In Instaliinents— 25 % each
on Tutv 1 and O ct 1 1907 an d F eb . 1 a n d M ay 1 1908.
V. 8 4 , p. 1113.
° O n Fell 18 1908 th e P u b lic Service C om m ission gran ted perm ission to
Issue $30,000 6 % sh ort-term " c a r trust b o n d s ” to p a y fo r new rollin g s to c k .
V ’ n n , A n rtl 0 l l 4 l <V()8 ap p lie d to P u b lic S ervice C o m m ission fo rp cr m ls s lo n to
Issue $ 1 6 2 000 1901 co n s o l. m tge. b o n d s fo r Im p r o v e m e n ts . V . 8 6 , p . 917 .
U p to F e b 1 1909 perm ission n o t gra n te d .
U D ividends S u sp en d ed .— In 1907 th e s to ck h o ld e rs agreed t o su spen d d i v i
den d s fo r tw o years In o rd e r to m e e t th e expen ses o f e x te n siv e Im p r o v e
m ents (In clu din g e q u ip p in g o f new p o w e r s ta tio n ).
V . 84, p . i l l s .
c t o p k AND BO N DS.
D a te.
In terest. O utstanding. I.ast d lv .,A c
S to r k $ 3 500 0 0 0 par $ 1 0 0 )...............
Q -F .
$ 2 ,9 7 9 ,9 0 0 F eb 0 7 , 2 %
n rst c o n s o lid a te d m o r tg a g e 1 1898
4 g J-J
2 ,0 0 0 ,0 0 0 J u ly 1 1 9 4 8
* 2 000 000 gold
____ I M ercantile T ru s t C o ., N ew Y o r k , T ru stee.
C o n s o l mortgage $To 000.000! 1904
4 g J-J
1,500,000 Jan 11955
( $ 1 OOoT
’ . --c * l
M erca n tile T r u s t C o .. N ew Y o r k . T ru stee
C<w
o n d s *$3*0*666
- .
30
000 Co.
A u g . 1 .’ 10-14
C
u ttit uist
st b
bonds
$.)u,uuu .- .- .- - /| 1908
Intercst6 %at FBrooklyn
Trust
cold
B ro o k ly n C ity A N e w to w n l 1889
3
2 ,0 0 0 ,0 0 0 J u ly 1 1939
first m o rtg a g e $ 2 ,0 0 0 ,0 0 0 - [in te r e s t a t M ercantile T r u s t C o .. N . Y ., T ru s.
O f°the^new $ 1 *0 ,6 6 6 , 6 6 6 b o n d s, $ 4 ,000,000 are reserved for p rior
Hens and $4,5 0 0 ,0 0 0 fo r exte n sio n s an d Im p ro v e m e n ts.
N o sin kin g fu n d
*'U1R O ( d * — B ro o k ly n to C on ey Is la n d , w ith bra n ch e s, 13.75 m iles; B r o o k
ly n C ity A N e w to w n R R . , m ain line an d bra n ch es, 10.38 m iles; tra ck a g e
rights, 4.99 m iles; s e co n d track an d sid in gs, 24.18 m iles; to ta l o p e r a te d ,
'mlif"-;
469 DtissencTcr find 18 o th e r efirs.
' w a r e s __B eg in n in g M av 5 1901 fare t o C o n e y Isla n d o n S u n d a ys an d h o li
d a y s w as Increased from 5 to 10 ce n ts . O n A u g . 31 1908 fare on w eek d a y s
Wi D l t l Y E N D s 'rL n/n5 18 09 5 ° 6C%” tSin 1896, d & in 1897, 6 % ; In 1898. 8 H % .
V . 6 7 p 955.
In 1899, 1 0 % ; In 1 90 0, 10 % ; In 1901, 13 A % ; In 1902,
1 6 % •’ In 1 9 0 3 , 1 6 % ; In 1904, 1 6 % : In 1905, i o % ; In 1 9 0 6 ,8 % ; In 1907,
F e b .'.’ 2 % ; M ay d iv id e n d p assed. N o n e sin ce.
R E P O R T .— F o r years e n d in g Jun e 30.
12 M o s
G ross.
N et.
O th.Inc. In t.taxes,A c . B a l.su r.
1907-08
..$ 1 ,5 5 7 ,4 5 7 $31 1,20 0
$4,604
$31 0,40 3
$5,402
190 6-0 7------------------------- 1 ,6 1 3 .7 2 4
384.875
7,891 311 ,722
81,044
O F F I C E R S .— P r e s ., S. W . H u ff; 1st V . - P . , W m . N . D y k m a n ; 2d V .- P . ,
(v a c a n t ); S e c . an d T r e a s ., D . B . Caiiiron.; A u d ., E lm er M . W h it e .— V . 8 6 ,
p . 420 , 479 , 480 , 917; V . 8 7 , p . 613 , l l o 9 .
VAN BRUNT STREET & ERIE BASIN R R .— A tr o lle y r o a d .
O R G A N I Z A T I O N . A c .— C h artered F e b . 15 1861. S t o c k , $ 2 0 0 ,0 0 0 , all
Issu e d ’ p a r $10 .
B o n d s , $75 ,000 1st m tg e . a u th o riz e d ; $ 65 ,000 out*
T r a c k .’ 3 m iles, c h a n g e d to e le ctr ic ity in 1898.
15 cars.
G ross, 1906-07,
$ 6 1,447; n e t, $ 27 ,256 ; o t h e r In com e. $873; ch arges, $ 3 ,6 2 9 ; d lv s . ( 5 % ) ,
$ 1 6 , 6 6 6 ; b a la n ce , surplus, $ 1 3 ,6 2 7 .
„
,
O F F I C E R S .— P r e s ., J o h n F . M u rph y: V .- P ., D . W . S u lliv a n : S ec. a n d
T r e a s ., W y lly s T e r r y .
O ff ic e ,’ 264 V a n B ru n t S t ., B r o o k ly n , N . Y .
buffalo, n
. y.
BUFFALO & DEPEVV R Y .— A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d on A p ril 27 1897. T h e In v e s tm e n t
C o . o f P h ila d e lp h ia ow ns a b o u t th re e -fo u rth s o f t h e s to c k an d th e e n u r e
$35 0,00 0 b o n d s.
F e b ., 19 09 .]
ELECTRIC RAILWAYS
O n D e c. 9 1904 th e B u ffa lo & R o c h e s te r R y . w as In co rp o ra te d (V . 79,
p . 2695) l o r th e p u rp ose o t e x te n d in g line fro m D e p e w to R o ch e s te r.
The
R R . C om m ission , h o w e v e r, re fu se d p erm ission t o b u ild th e r o a d . In O c t .
1905 th e B u ffalo & R o c h e s te r T raction C o. w as ch a rte re d t o b u ild th e r o a d .
I n A p ril 1907 p erm ission t o b u ild th is ro a d also w as re fu se d b y the R R .
C om m ission .
In Jun e 1907 C o m m ission g r a n te d p erm ission to th e B u ffalo
G enessee & R o c h . R y . t o b u ild th e r o a d fro m D e p e w t o R o ch e s te r.
STOCK AN D BO N DS—
D a te.
Interest.
Outstanding. M a t u r it y .
S t o c k , $35 0,00 0 (5 1 0 0 )...................................................
$30 5,00 0 .......................
B u ff & D 1st in tg e, $ 3 5 0 ,0 0 0 .. 1901
5 J-J
3 5 0 ,0 0 0 Jan 1 1931
L oa n s p a y a b le Ju n e 30 1 9 0 ) . . ____
________
1,6.300 ____________
E A R N I N G S .— Y e a r e n d in g Ju n e 30 190 8, gross, $15 ,9 7 8 ; d e ficit u n d e r
o p e r a t io n , $ 5 ,7 0 5 ; llxed c h a rg e s, $ 1 9 ,1 2 7 ; to ta l d e fic it, $24 ,8 3 2 .
R O A D .— O perates a d o u b le -tra ck ro a d fro m B u ffalo t o D e p e w , 13.59
m iles o f tra ck : 6 0 -lb . rail: 5 cars.
O F F I C E R S .— P res., H e n ry H . K in g s to n ; S e c. and T r e a s ., Jo h n J .
C ollier. V . 79. p . 2695.
19
STOC K A N D B O N D S—
D a le.
Interest. O utstanding.
M a tu r ity .
$75 ,000 ____________
S to c k , $ 3 , 5 0 0 , 0 0 0 . . ! .....................................................
1st m tg e , $ 3 ,5 0 0 ,0 0 0 , g o ld ) 1904
5 g J-J
127,500 J u ly 1 1944
($500 and $ 1 ,0 0 0 )_________ l i n t , a t C o m m o n w e a lth T r . C o ., B u ffa lo, T ru s.
lio n d s.— A re s u b je ct to call on a n y Interest d a te at 105.
R O A D .— 4 Vx m iles o f tra ck . B u ffalo t o W lllla m s v llle . A n exten sion fro m
W lllla m svlllc to R o ch e s te r, 60 m iles, Is co n te m p la te d ; has been c o m p le te d
to B a ta v ia .
Perm ission to b u ild rem a in d er has been gra n ted b y R a ilr o a d
C om m ission ers.
R a lls 8 0 -lb . T an d 9 0 -lb . g r o o v e d girder.
O F F I C E R S .— P r e s ., L . L . L e w is J r .; V .- P . an d G en. M g r.. L . L . G ro v e ;
S e c ., G o d fr e y Alorgan; T r e a s ., S . R . M a n n .— V . 84, p . 1306.
T R A C T IO N A L CO. OF N E W JE R S E Y .
O R G A N I Z A T I O N .— In co rp o ra te d In N ew Jersey o n A u g . 9 1905 and
a cq u ire d $ 7 ,0 3 0 ,0 0 0 o f th e $ 1 0 ,0 0 0 ,0 0 0 c o m m o n s to c k o f th e In te rn a tion a l
T r a c tio n C o . th ro u gh e x ch a n g e o f s to c k — 100 shares o f In te rn a tio n a l s tock
fo r o n e sh are o f T r a c tlo n a l C o . s t o c k . A large a m o u n t o f th e $ 5,000,000
p re f. s to c k o f th e In tern ation al T r a c t . C o . Is held b y Interests Identified
w ith th e n ew c o m p a n y . See V . 81, p . 728 . A u th o riz e d s to c k o f new
c o m p a n y $10 0 ,0 0 0 , o f w h ich $ 5 0 ,0 0 0 Is o u ts ta n d in g (a fte r h a v in g p u r
ch a se d an d ca n c e lle d F e b . 1 1909 $ 1 9 ,3 0 0 o f its s t o c k ) . N o b o n d s.
O F E T C E R S .— P re s., T h o m a s P e n n e y ; S e c. a n d T r e a s ., A rth u r R o b in s o n ,
15 E x ch a n g e P la c e , Je rse y C ity , N . J .— V . 8 1 , p . 728.
BU FFA LO fe L A K E E R IE TR ACTIO N CO.— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Y o r k and P e n n sy lv a n ia In
D e c . 1906 and Is a c o n s o lid a tio n o f th e H a m b u rg R y ., th e D unkirk ft Fred o n la R R . , th e B u ffalo D unkirk & YVestern R R ., th e L a k e Erie E lectric
T r a c tio n C o. an d the Erie R a p id T ra n sit C o .
Leases the Erie E le ctric
M otor C o . fo r 099 yea rs, w h ich c o m p a n y leases th e E rie C ity Passen ger R y .
IN T E R N A T IO N A L TR A CTIO N C O .-T r o lle y .
fo r 999 years fro m O c t . 1 1888 an d th e Erie R e e d P a rk & Lakeside
F e b . 1905 c o n tro l ch an ged han ds, an d n ew o ffic e r s an d d ire cto rs w ere
S t. R y . fo r 999 years fro m M arch 1 1901.
In F e b . 1007 a b so rb e d th e e leIn
cte d . V . 80. p . 997.
J a m e s to w n C h au ta u q u a & Lake Erie R y . (s te a m ). V 84, p . 506, 569.
O R G A N I Z A T I O N .— O rga n ized o n J a n . 18 1899 u n d e r N . J . law s an d
T h e c o m m o n s to c k w as Increased fo r tills p u rp ose fro m $ 4 ,250,000 t o
has a cq u ire d all th e e le ctric railw ays co n n e c tin g th e cities o f B u ffa lo , N iag ara
$ 5 ,0 0 0 ,0 0 0 .
Falls, L o c k p o r t , N orth T o n a w a n d a and T o n a w a n d a , to g e th e r w ith all th e
STOC K A N D B O N D S—
D a le.
Interest. O utstanding.
M a tu rllu .
street railw ay system s In all o f said citie s; also th e e le ctric railw ay c o n n e c tin g
C o m m o n , $ 5 ,0 0 0 ,0 0 0 ___________ ____
_______ _
$ 5 ,0 0 0 ,0 0 0
th
e villages o f D epew an d L a n ca ste r w ith B u ffa lo .
It also acqu ired th e
P r e f, 5 % , $ 2,500,000 c u m l
C a n adian E lectric R a ilw a y , tra v e rsin g th e en tire le n gth o f th e Q ueen V i c
from J u ly 1909 ...................... / .................................
2 ,5 0 0 ,0 0 0
toria
N
iagara
Falls
P
ark
an
d
c
o
n
n
e
c
te
d
It
w
ith
th
e
A
m
erica n system b y th e
1st and ref m tg e , $12,000,-1 1006
5 g M -N
5 ,0 5,000 N o v 1 1936 |
u isitio n o f th e steel arch brid g e at N iag ara Falls and th e Suspension
000 , g ($ 1 ,0 0 0 ).......... ......... c ’ J ln te r cs t at N ew Y o r k T ru st C o ., T r u s t e e ., acq
B ridge betw een Q ueenston and L e w isto n , w h ich brid ges have been eq u ip p ed
E rie El M 1st m tg e , $200,0001
1889 6 g J-J
148,000 Jan
1 1919 . w ith tro lle y tra ck s
O n O c t . 30 1905 acq u ire d th e en tire $ 8 0 ,0 0 0 ca p ita l
($ 1 ,0 0 0 ), g o ld ...................... c / Central T ru st C o ., tru ste e . N ew Y o r k C ity . !
In Jan . 1907 organ ized the F ro n tie r E lectric
E rie E l M 2d m tg e , $150,0001
1892 6 g J - J
102,000 Jan
1 1919 s to c k o f th e E lectric C ity R y .
R y ., t o build a line to c o n n e c t w ith a p r o p o s e d new brid g e a cross th e N iagara
($ 1 ,0 0 0 ), g o ld ...................... c jC e n tr a l T ru st C o ., T r u s te e , N ew Y o r k C ity .
R iv e r . See statem en t o f th a t c o m p a n y b e lo w .
E rie El M 1st r e f sink fu n d ]
1901 5 g A -O
1,0 0 9 ,0 0 0 A p ril 1 1941
STOCK A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
$ 1 ,2 5 0 ,0 0 0 , gold ($ 1 , 0 0 0 ) .[in t e r e s t at N ew Y o r k T ru st C o .. T ru stee,
S to c k , c o m m o n , $ 1 0 ,0 0 0 ,0 0 0 . ____
_______
$ 10 ,000 ,00 0
C a n n ot be c a lle d ________ c * j
N ew Y o r k C ity .
5 ,0 0 0 ,0 0 0 . .
H a m b u r g R y 1st m tg e, $750,-1 1906
4 g M -N
650 ,000 N o v 1 1926 P re f, 4 % cu m , $ 5 ,0 0 0 ,0 0 0 ........ ....................... .........
C ollateral tru st, $30,000,0001 1899
4 g ,J-J
17.9 5 5 ,0 0 0 J u ly 1 1949
000 , gold ($ 1 ,0 0 0 )................. l i n t , a t T ru st C o. o f A m e r ic a , N . Y ., T ru stee.
($1,000). ggold.
e*.. Inter-)
Guarantv
N. iV. , iTnisiw
u i u , vj
i i n v i - / v ju
a i o u i , , v i i Trust
u s t
uOn.
u ., in
t U S l . e e . JM
V laot
ytD u n k irk AiFrcdonla 1st m t g e ,] 1891
5 J -J
4 0 ,000 J u ly 1 1911
est a t J . P . M organ & C o . . J be called at 110 and Int. on a n y In t. d a te .
$ 4 0 ,0 0 0 ._____ ______________/
F red erick R . G reen , T ru stee.
Car
tru st c e rtifica te s N o . 2,1 1906
4 Vi J -D 15
4 5 0 ,0 0 0
1909-1916
D u n k irk ft F redon la 2d m t g e .\ 1898
5 J-J
21,0 0 0 J u ly 1 1911
$60 0,00 0 ($ 1 ,0 0 0 ).............c * /C o m m e r c ia l T ru st C o ., P h lla ., T ru ste e.
*2 1 ,0 0 0 ........................... ............I
F red erick R . G reen , T ru stee.
trust ce rtifica te s N o 31 1907
6%
225 ,0 0 0
S ee le x t
D u n & F red ref M , $100,000,1
1902 5 g J-J
39,0 0 0 J u ly 1 1952 Car
$ 2 5 0 ,0 0 0 ____________ _______ /C o m m e r c ia l T ru s t C o . P h ila d e lp h ia , T ru s tee
g old ($100, $500 ft $ 1 ,0 0 0 )/
F id e lity T ru st C o ., B u ffa lo , T ru stee.
J a m estow n C h autauqu a &1
B on ds and S tock.— O f the $ 30 ,000 ,00 0 co llateral trust m o rtg a g e , $ 1 2 ,2 8 5 ,
L a k e Erie m tg e . $ 7 5 0 ,0 0 0 .] 1901
4 J -J
5 0 0 ,0 0 0 Jan 1 1951 000 w e re orig in a lly reserved to tak e u p an equa l am ou n t o f the u n d e rly in g
Ja m est A C h au tau qu a m t g e .......................................
250 ,000 ....................... b o n d s o f th e allied and co n tr o lle d co m p a n ie s o u ts ta n d in g , an d $ 6 0 0,00 0
B on d s.— O f the $ 1 2 ,000 ,00 0 new b o n d s, $2,1 0 0 ,0 0 0 are reserved t o tak e o f th a t a m o u n t has been Issued fo r th at p u rp o s e , le a v in g $11 6 85 ,000
u p a like a m ou n t o f u n d e rlyin g liens (n o t In clu d in g In this th e liens on the still re se rve d . $36 0,00 0 o f b o n d s rem ain In tre a su ry o f c o m p a n y
Car
Ja m estow n C h au tau qu a ft L a k e E rie, w h ich road w as a b so rb e d s u bsequ en t tru st ce rtifica te s N o . 2 are secu red b y title to 150 cars. T h e y fall due
t o th e m ak in g o f tills Issue). T h ese new b o n d s are s u b je c t t o call on an y In sem i-an n u al Installm ents o f $30 ,000 e a ch fro m D e c . 1906 to Ju n e 1916
ln t . d a te on or b e fo re N o v . 1 1911 at 105 and ln t .; th e re a fte r a t 110 and Int. In clu sive. Car trust certifica tes N o . 3 are secu red b y title t o 50 cars.
In terest on th e 1st and 2d m tg o s . o f the Erie E le ctric M otor C o . Is paid b y T h e y fall d u e In sem i-ann ual 1 sta llm e n ts o f $12 ,000 M arch 1 an d $13 ,000
K o u n tz e B ros ., N ew Y o r k . T h e Erie E lectric M o to r re f. b o n d s are secured S e p t. 1 fro m M arch 1 1908 to S e p t. 1 1917.
b y d ep osit o f entire stock s o f the Erie C ity P a ss. R y . and th e Erie R c c d P ark
F ran ch ises.— In June 1906 we w ere Inform ed th a t th e m a jo r it y ot th e
& L a keside S t. R y . A sin kin g fu n d o f 1 % a n n u ally on these b o n d s began franchises In B u ffalo are p r a ctica lly p e rp e tu a l, n o n e In B u ffalo o r o th e r cities
A p ril 1 1906 and w ill be Increased t o 1 'i % In 1916. T h e H a m b u rg R y . and to w n s h a v in g then an u n e xp ire d term o f less than 40 y e a rs , e x
b o n d s are s u b je c t to call on o r b e fo re N o v . 1 1911 a t p ar and ln t. T h e ce p tin g o n ly th e Fillm ore A v e n u e fra n ch ise, c o v e r in g an exte n sio n o f 6J4
D u n k . & F re d . ref. m tg e. b o n d s are s u b je c t t o call on a n y ln t. d a te at 103.
m iles on the east side In B u ffalo, w h ich w as lim ited t o 25 yea rs.
R O A D .— O perates 81 m iles o f track fro m Erie th ro u gh N o rth e a st t o
C onsolidation or C onstituent C o m p a n ies.— O n F e b . 20 1902 the In te r n a
W estfield , In clu d in g c it y lines In Erie. A lso th e o ld J am est. C h au t. & L ake tio n a l R a ilw a y C o m p a n y w as In co rp o ra te d In N ew Y o r k w ith $1 0 ,1 2 0 ,5 0 0
Erie from W estfield t o J a m e sto w n , 4 3 Jj m iles. A ls o 3 m iles In D unkirk s to c k , and In A u g . 1902 this w as Increased t o $ 1 7 ,0 0 0 ,0 0 0 , o f w h ich $ 1 6 ,
an d 4 m iles fo rm e rly ow n ed b y th e D u n k irk & F re d o n la . A lso 15 ndles from
320 ,500 has been Issued (all ow n e d b y th e In te rn a tio n a l T r a c tio n C o .) , a s a
B u ffa lo to H a m b u rg . T o ta l tra ck , 147 m iles. T h e g a p be tw e e n H a m co n so lid a tio n o f th e fo llo w in g c o m p a n ie s, w h o se shares had p re v io u s ly been
b u r g a n d D u n k irk (a b o u t 33 m ile s ), w h ich c o m p le te s a th ro u gh lin e b e held b y th e T ra ctio n C o .: V . 74, p . 427.
t w e e n B u ffa lo, N . Y . , and Erie, P a ., w as p u t In o p e r a tio n In D e c. 1908.
B u ffalo R a ilw a y C o. (a fte r B u ffalo T r a c tio n an d B u ffa lo B ellevu e &
W ill en ter B u ffalo o v e r track s o f th e B u ffalo & L a ck a w a n n a T r a c tio n C o .,
L a n ca ster had first been m erged In th e s a m e ).
w h ich see b e lo w .
G rand to ta l o f tra ck , 180 m iles.
B u ffalo f t N iagara Falls E le ctric R a ilw a y .
O F F I C E R S .— P res ., J o s. B . M a y e r, N ew Y o r k ; V . - P . , L . B . G ra n t: S e c .
B u ffalo f t L o c k p o rt R a ilw a y (a fte r E lm w o o d A v e . an d T o n a w a n d a E le c
and T r e a s ., M arshall J. D o d g e , N ew Y o r k ; A s s t. S e c ., .Tas. A . B y rn e: A sst. tric R a ilw a y had been m e r g e d ).
T r e a s . & G en. M g r., J . C. C a llsck, E rie, P a .— V . 8 6 , p .9 8 0 ; V . 88, p . 29 3 .
B u ffalo T o n a w a n d a f t N iagara Falls E le ctric R R . C o .
L o c k p o r t f t O lco tt R a ilw a y .
BUFFALO & L A C K A W A N N A TR ACTIO N CO.
N iagara Falls f t Suspension B rid ge R a ilw a y (a fte r th e N iag ara Falls
O R G A N I Z A T I O N .— In co rp o ra te d In N ew Y o r k In Jun e 1906 w ith $ 1 , W h irlp o o l & N orthern R y . had been m erged In I t).
0 0 0 ,0 0 0 s to c k b y th e M ayer-S heehan s y n d ic a te .
P ro p o se s t o furnish en
N iagara Falls Suspension B ridge C o.
tr a n c e Into B u ffalo for th e B u ffalo & L a k e E rie T r a c tio n C o .
A p p lie d to
T h e B u ffalo R a ilw a y ow n e d th e $ 2 ,8 6 0 ,0 0 0 s to c k o f th e C ro ssto w n Street
R R . C om m ission In Jan . 1909 fo r a u th o r ity to m a k e a m o rtg a g e fo r $ 1 , R y . o f B u ffa lo , and this passed t o th e In te rn a tio n a l R a ilw a y C o.
5 0 0 ,0 0 0 b on d s an d Issue $ 1 ,0 0 0 ,0 0 0 th e re u n d e r. T h e B u ff. ft L a k e Erie
On J u ly 1 1902 th e In tern ation al R y . C o . a cq u ire d b y pu rch ase th e
has exp ressed Its w illin gn ess, If m tg e . Is a p p r o v e d , to m erge w ith B u ffalo N iagara Falls P a rk <5e R iv e r R y ., th e C lifto n Susp ension B rid ge C o ., th e
& L a ck a w a n n a T r a c tio n C o ., w ip in g o u t s to c k o f la tte r.
V . 8 8 , p . 293.
L ew iston C o n n e ct. B ridge C o. and Q ueen ston H eigh ts B rid ge C o . T h is
leaves th e C rosstow n S t. R y . C o . o f B u ffa lo, th e E le ctric C ity R y . , th e
BUFFALO LOCKPORT & ROCHESTER R Y .
F ron tier E lec. R y . and In te r. R y . C o. as th e o n ly o p e ra tin g c o m p a n ie s, and
O R G A N I Z A T I O N .— I n c o r p o r a te d o n Ju n e 22 1905 In N ew Y o r k .
Is ev e n tu a lly (th a t Is, as soon as th e $ 1 ,0 0 0 ,0 0 0 B u ffalo R y . d e b e n tu res se
a c o n s o lid a tio n o f the A lb io n E lec. R y ., th e A lb io n ft L o c k p o r t R y . anil cu red b y $ 2 ,0 0 0 ,0 0 0 s to c k o f th e C rosstow n S t. R y . are retired) th e C ross
th e A lb ion & R o c h e s te r R y .
In 1908 th e B u ffalo L o c k p o r t ft R o c h . R o llin g tow n S t. R y . can also b e m e rg e d , th u s le a v in g th e In tern a tion a l R ailw ay
S t o c k C o. w as In c orp ora te d , w ith $ 50 ,000 ca p ita l s t o c k , an d au th o riz e d
C o ., th e F ron tier E lec. R y . and th e E le ctric C ity R y . th e sole o p e r a tin g
$ 2 0 0 ,0 0 0 b o n d s, g iv e n b e lo w , to c o v e r 15 ln teru rb an passenger cars and
co m p a n ie s and th e In tern ation al T r a c tio n C o . th e h o ld in g c o m p a n y .
t w o exp ress a n d b a gg age cars, w h ich will b e c o m e the p r o p e r t y o f th e R a il
Liens of Constituent and Owned Companies.
w a y C o. u p on fu lfillm en t o f Its c o n t r a c t to m e e t In fu ll p rln . and ln t. o f b d s .
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
____________
S t o c k , $ 4 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......... .....................................$ 2 ,3 4 8 ,8 0 0
B u ffalo E ast Side 2d m t g e . . . I 1882
6 M -S
$29 3,50 0 S ep t 1 1912
1st m tg e , $ 4 ,0 0 0 ,0 0 0 , g o l d . . . 1 1904
5 F -A
3 ,0 0 0 ,0 0 0 F eb 1 1954
l i n t . Is p a y a b le at C o m p a n y 's o ffic e . B u ffa lo .
( $ 1 , 0 0 0 ) _________________ c * f l n t . a t L in co ln T ru s t C o ., T ru stee.
B u ffalo R y 1st co n
m t g e f 1891 5 g F -A
4 ,7 0 6 ,0 0 0 F e b 1 1931
B u ff L o c k ft R o c h R ollin g S t k ] ____
5%
__________
S ec tex t
($ 1 ,0 0 0 )$ 5 ,0 0 0 ,0 0 0 ,g , c * &rl In t. at C o 's , o ffic e . B u ffa lo , E . W . C lark ft
C o eq u ip tr, $ 2 0 0 ,0 0 0 .......... /
( C o ., P h lla ., o r M erc. T r . C o ., N . Y . T ru stee
lio n d s .— $ 1 ,0 0 0 ,0 0 0 b o n d s arc In treasu ry o f c o m p a n y ; th e y are s u b je c t
B u ffalo R y d eben tu res, $1,-1 1897
6 g A -O
1,0 0 0 ,0 0 0 A p ril 1 1917
t o call a t 110 and a ccru e d Interest on a n y Interest d a y , on three m o n th s '
000 ,000 g o ld , red at 105 [M e tro p o lita n T ru st C o ., N ew Y o r k , T ru stee
n o t ic e , a fte r F e b . 1 1914. T h e e q u ip m e n t trust b o n d s m atu re In luuUtUa fte r A p ril 1 1902 ($500 an d |Interest at c o m p a n y 's o ffic e , B u ffa lo, o
m en ts o f $20 ,000 each .
$1,000) ___________ _______ J M ercantile T ru st C o ., N ew Y o r k .
,
R O A D .— O p era tes a b o u t 55 m iles be tw e e n R o ch e s te r an d L o d k p o r t.
Bu ffalo R y R E m tg e ................... ( 1894 6
J -D 20
150,000 Jun e 20 *09
’ F rom L o c k p o r t to B uffalo uses tracks o f the I n te rn a tio n a l R y . C o.
R alls
I
Can b e p aid at p ar o n a n y Interest d a te .
70 to 80-11).
a T o n a w a n d a E le ctric R R . 1 st] 1895
4 A -O
40,0 0 0 A p ril 1 1917
O F F I C E R S .— P res., C has. B . H ill, B u ffalo: V .- P . , D . E . T h o m s o n ,
m tg e ______________________ /In te r e s t a t c o m p a n y ’ s o ffic e , B u ffa lo .
T o r o n t o : S ec. an d T re a s ., A lb e rt O a k le y , T o r o n t o .
V . 82, p. 1210.
a T o n a w a n d a Street R y 1st] 1892 6 J -J
6 0 ,000 J u ly 1 1912
m tg e , $ 2 5 0 ,0 0 0 ....... ........... . /
In terest at c o m p a n y ’s o ffic e , B u ffa lo.
fiC rosstow n St R y 1st m tg e ,g \ 1892
5 g M -N
&2,974 ,000 M ay 1 1932
BUFFALO SOUTHERN R Y . CO.— A trolley road.
In M ay 1906 c o n tro l o f road ch a n g e d han ds. Sec V . 82, p . 1155.
($ 3 ,0 0 0 ,0 0 0 ), gu p & I___ c * /I n t . at M e tro p o lita n T r . C o .. N . Y . , T ru s tee.
m t g e .l 1898 5 g J -D
673 ,000 D e c 1 1948
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Yrork on A u g . 26 1904 an d Is B u ffalo T r a c tio n 1st
$5,0 0 0 ,0 0 0 ________________ / I n t . at M etrop olitan T r . C o ., N . Y . T r u s te e .
a c o n s olid a tion o f the B u ffalo H a m b u rg & A u ro ra R y . an d th e B u ffalo
f 1897
5 J -D
$21 5,00 0 Jun e 1 1927
G a rd en v llle ft E b cn ezer R y .
V . 79, p . 214 6. F ran ch ises p e rp e tu a l.
H as
B u ffalo B ellev ft Lan M tg e .I R e d e e m a b le J u n e 1903 a t 102, and H % less
tr a c k a g e rights In B u ffalo o v e r tra ck s o t the In tern a tion a l T r a c tio n C o .
l
each y e a r u n til at par.
B y L egislative A c t a p p ro v e d F e b . 7 1907 tim e lo r co m p le tio n o f road was
B u ff & N lag Falls E lec R y — \ 1895
5 g J-J
7 5 0 .0 0 0 J u ly 1 1935
e x te n d e d until F e b . 10 1909.
1st M , $ 75 0,00 0, g o ld ____ c / I n t . at M ercantile T ru s t C o ., N ew Y o r k .
STOC K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu rity
2d M, $25 0 ,0 0 0 , g. s f, red l 1806
5 g J-J
95,000 J u ly 1 1921
s t o c k $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )----------------------- ---------$54 7,20 0
_______
a fter 1901 a t 105 ($ 1 , 0 0 0 ) c /l n t . at M ercantile T ru st C o ., N . Y . , T ru s tee
1st m tg e, $ 2 ,0 0 0 ,0 0 0 , g o l d / 1904
5 g A -O 15
500 ,0 0 0 O ct 15 1934
B u ffa lo f t L o c k p o rt 1st m tge,\ 1898
5 g J -J
500 ,000 J u ly 1 1938
( $ 1 , 0 0 0 ) ........................... .. .c * ( In t. a t Seab oard N a t. B a n k . N . Y . , o r at
g o ld , $ 5 0 0 ,0 0 0 -------- ------------/ I n t . at T ru st C o . o f A m e r ic a , N . Y . , T ru s tee.
'F id e lit y T ru st C o ., B u ffa lo , T ru ste e .
L o c k p o r t A- O lc o tt R y 1st) 1900
5 J -J
800 ,0 0 0 J u ly 1 1920
m tg e ,
$1 ,0 0 0 ,0 0 0 ,
g o ld ) l n t . at M orton T r . C o ., N . Y . , T ru ste e; also
B O N D S .— N o s. f ., b u t fro m $50 ,000 to $10 0,00 0 b o n d s arc s u b je c t t o call
( $ 1 , 0 0 0 ) _________________c *1
at B u ffa lo. G u a r., p . f t L , b y In te r. T r a c .
a t 110 and ln t ., on an y ln t. d a te u p o n 3 m o n th s ' n o tice .
$ 1 ,5 0 0 ,0 0 0 b o n d s
N iagara
Falls
Suspension) 1897
5 g J-J
3 00 ,000 J an 1 1928
rese rv ed fo r fu tu re exten sion s and e q u ip m e n t.
B rid g e, C lifton Suspension [ T o r o n t o G eneral T rusts C o , T ru stee.
E A R N I N G S .— F o r y ea r e n d in g D e c. 31 1908, gross, $6 2 ,1 3 4 ;' n e t, $ 8,732.
I n 1907, gross, $63 ,206 ; n e t. $15 ,011 .
B r i d g e _____________________ I I n t. at A m e rica n E x ch . N a t. B a n k , N . Y .
5 g A -O
125 ,000 O c t 1 1928
R O A D .— O perates from B u ffalo to H a m b u rg , E ast H a m b u rg an d O r L ew iston C o n n e ctin g B ridge) 1898
C o,
Q ueen ston
H e igh ts) T o r o n t o G eneral T ru sts C o . T ru ste e .
ch a rd P a rk 15)4 m iles; also has a line fro m B u ffa lo th ro u g h G a rd cn vllle
B rid ge C o __________________ » Interest a t A m e rica n E x c h . N a t. B a n k , N . Y .
and E b cn ezer t o L ien 's P a rk , 5'-4 m iles. A n e x te n sio n t o East A u rora
N lag Falls P a rk f t R iv e r l s t l 1893
5 .J-J
6 0 0 ,0 0 0 Jan 2 1914
15 m iles. Is u n d er c o n s tr u c tio n .
E x p e c te d to b e c o m p le te d In 1908. 6 0 -lb .
m tg e , Canadian c u r r e n c y .. /I n t . at Im perial B a n k , T o r o n t o . C a n a d a .
T an d 8 0 -lb . girder rail.
4 J -J
518 ,000
1913
O F F I C E R S .— P r e s ., M . L . A p p , P o rt A lle g a n y , P a .; V . - P . , I I . C. L e in , a N lag F alls & Susp B ridge R y 1893
4 J -J
22,5 0 0
1913
G a rd en v llle. N .
S e e ., I I . M. G ear, B u ffa lo; T r e a s .. G e o . F . W e lls, ISast a N lag F a lls W h lrlp o o I& N o R y 1894
A u r o r a , N . Y . ; G en . M g r ., J . B . R u m s e y , B u ffa lo .— V . 8 6 , p . 419.
aA U ow n e d b y In tern ation al T r a c tio n C o.
ftOf this $350,000 o w n e d b y In te rn a tio n a l R a ilw a y C o .
BUFFALO & W I L I.IA M S V IL L E ELECTRIC R Y .
In M ay 1906 c o n tro l o f road ch an ged han ds. See V . 82, p . 1155.
B o n d s .— T h e B u ffalo R y . real esta te m o rtg a g e m atu red Ju n e 20 1904 b u t
O R G A N I Z A T I O N .— C hartered A u g . 10 1891.
In M ay 1904 ca p ita l w as w as e x te n d e d u n til 1909, th e T o n a w a n d a E le c tr ic R R . m tg e . due A p ril 1
In crea sed from $75,000 t o $ 3 ,5 0 0 ,0 0 0 , and In J u ly 1904 a new m o rtg a g e
1907 w as e x te n d e d until 1917. T h e N iag ara Falls ft Susp ension B ridge
fo r $ 3 ,5 0 0 ,0 0 0 w as m ade t o p ro v id e fo r exte n sio n t o R o c h e s te r .
R a ilw a y b o n d s o f 1893 an d th e N iag ara F a lls & W h irlp o o l N o rth ern
20
[VOL. LKXXVJII.
ELECTRIC RAILWAYS
b o n d s o f 1804 g iv en In th e t a b le a b o v e m a tu re d In 1903, b u t w ere acqu ired
b y th e In tern a tion a l T r a c tio n C o. a n d e x te n d e d ten years, and th en dep osited
w ith th e G u a ra n ty T r u s t C o . o f N ew Y o r k as a d d itio n a l se cu rity u n d er the
In te r n a tio n a l T r a c t io n C o . c o lla te ra l tru st m o r tg a g e . A ll th e o u tsta n d in g
s t o c k o f th e In te r n a tio n a l R a ilw a y , $60 ,000 b o n d s o f th e T o n a w a n d a Street
R y . , $ 5 1 8,00 0 b on d s o f th e N iag ara Falls & S u sp en sion B ridge and $22,500
b o n d s o f th e N iag ara F alls W h ir lp o o l & N o rth e rn are p led ged as se cu rity for
th e I n te rn a tio n a l T r a c tio n co lla te ra l tru st lo a n . T h e B u ffa lo R y . d e b e n
tures are secu red b y d e p o s it o f $ 2 ,0 0 0 ,0 0 0 s to c k o f C rosstow n S treet R y .
R O A D .— Calais S treet R a ilw a y , low er w h arf t o u p p e r b rid g e , C alais, 4
m iles; S t. Steph en E le c tr ic S t. R y ., M U ltow n , N . B ., t o S t. S tep h en , N . B . ,
3 m iles; to ta l, 7 m iles. T h e S t. S teph en E le c tr ic S t. R y . Is a sep a ra te
c o r p o r a tio n , b u t Is o w n e d e n tire ly b y th e Calais c o m p a n y .
O F F I C E R S .— P re s., G eorge A . C urran; S e c ., Charles F . P r a y ; T r e a s .
an d G en . M g r ., C. W . Y o u n g , all o f C alais, M e.
Income Account of International R y ,, Crosstown Street R y . and Electric
City R y .. including Fixed Charges of International Traction C o.
C a len d a r ye a r ending D ec . 31—
1907.
1906.
1905.
$ 5 ,3 8 0 ,4 3 7
$ 4 ,9 7 2 ,6 8 8
$4,4 8 4 ,6 4 3
3 ,3 6 2 ,8 8 3
2,8 8 4 ,9 8 6
2,4 8 3 ,6 6 3
CANON C IT Y FLORENCE & R O Y A L GORGE IN T E R U R B A N R Y .—
A tr o lle y r o a d .
In F e b . 1907 the C anon C ity & R o y a l G orge E le ctric R y . w as In co rp ora ted
In C o lo ra d o w ith $ 1 ,2 5 0 ,0 0 0 s to c k (o f w h ich $50 0,00 0 Is 5 % p referred) to
ta k e o v e r , It w as u n d e rs to o d , th e o ld r o a d . V . 84, p . 626.
R ec e iv e rs h ip .— O n J a n . 3 1907 Jas. H . P e a b o d y w as a p p o in te d r e c e iv e r .
S ee V . 84, p . 101. In 1908 T h c o . M . H a rd in g a p p o in te d r e c e iv e r , M r. P e a
b o d y h a v in g resign ed .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o lo ra d o In M arch 1906.
S T O C K A N D B O N D S — ■ D ate.
Interest. O utstanding.
M a tu r ity .
S to c k $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 ).................................................
$ 1 ,5 0 0 ,0 0 0 .......................
F irst m o rgta ge $ 5 0 0,00 0 g o ld ) 1906
5 g M -N
1 50 ,000 M ay 1 1926.
($500 and $ 1 ,0 0 0 )...........- . . / P u b l i c T ru ste e o f F r e m o n t C o u n ty , T r u s te e .
B o n d s .— A re n o t s u b je c t t o call.
R O A D .— H ad u n d er c o n s tr u c tio n 3 m iles In C anon C ity an d 10 m iles o f
track fro m C a n on C ity to th e p a rk a t th e t o p o f R o y a l G o rg e. A l s o
p ro p o se d to b u ild fro m C anon C ity t o F lo re n ce , 8 44 m iles; a n d a branch,
lo o p th rou gh L in co ln P a rk an d S o u th C a n o n , 0 m iles. T o t a l, 27 44 m iles.
O F F I C E R S .— P r e s ., F . B . S tre e t, N ew Y o r k ; V .- P . & G en. Mgr., F . S .
G range; S e c ., R ic h a r d H o u le ; T r e a s ., J . H . P e a b o d y .— V . 83. p . 154
V 8 4 . p . 101, 626.
M iscella n eou s In com e-
$ 2 ,0 1 7 ,5 5 4
81,8 1 3
$ 2,087,702
69,111
$ 2 ,000,980
68,562
$ 2 ,0 9 9 ,3 6 7
$ 2,156,813
$2,069,542
1 ,787,106
1,691,959
1 ,652,376
F ix e d c h a rg es. In clu din g Int. o n b o n d s
S u rp lu s ........................................................
$312,261
$464,854
$417,166
R O A D .— M ileage J a n . 1 1908 (In clu d in g C rosstow n S treet R y . o f B u f
fa lo ) .
L en g th o f lin e , sin gle tra ck (o w n e d 196 .43; leased 1 9.41; tr a c k a g e ,
3 .12) 2 1 8 .9 6 m iles; s e c o n d tra ck (o w n e d , 1 21 .52; leased, 0 .3 2 ), 121.84
m iles; sid in gs (o w n e d , 2 4 .3 9 ; lea sed , 4 . 3 9 ) , 28.7 8 m iles; to ta l track o p e ra te d
(o w n e d , 3 4 2 .3 4 ; tr a c k a g e , 3 .1 2 ; leased 2 4 .1 2 ), 369 .58 m iles. G au ge.
4 feet 8 44 Inches. R a il (s te e l), 45 to 140 lb s.
E Q U I P M E N T .— Ja n . 1 1908 (In clu d in g C rosstow n S treet R y . o r B u ffa lo ):
528 m o t o r - b o x ca rs; 45 trail b o x ca rs , 134 o p e n m o t o r ca rs , 77 o p e n trail
c a r s .215 s e m i-c o n v e r tib le ca rs , 5 c o m b in a t io n cars (passenger an d express)
4 m o t o r freigh t ca rs, 11 trail fre ig h t ca rs , 76 u tility ca rs, 49 sn ow p lo w s ,
2 sw eep ers, 2 electric lo co m o t iv e s ; ca r sta tio n s, 25; s u b -sta tio n s (e le c tr ic a l),
6; p o w e r fu rn ish ed b y th e N iag ara F a lls P o w e r C o. and th e C a ta ra ct P o w e r
& C on d u it C o.
O F F I C E R S o f all o p e r a tin g co m p a n ie s — P re s.. T h o s. P e n n e y ; V .- P . ,
T h o m a s E . M itten ; S ec. an d T r e a s ., J . F . S lo c u m ; C o m p t., J. W . C raw ford G en M g r ..T . W . W ilso n ; A u d ito r , I). M . D eln ln ger.
O F F I C E R S o f In tern a tio n a l T r a c tio n C o .— P res., T h o s. P e n n e y; V .- P .,
T h o m a s E . M itten ; S ec. a n d T r e a s ., J . W . C raw ford ; C o m p t., J . W . C raw
fo r d ; A u d ., D . M . D Ie n in g e r .— V . 83, p . 1470; V . 84, p. 158, 271, 624 6 2 6
V . 85, p . 1576; V . 86, p . 421 , 1095; V . 87, p . 873 , 1533.
’
(1) Frontier Electric R y.
O R G A N I Z A T I O N .— In co rp o ra te d In N ew Y o r k on J u ly 27 1906. E n tire
s to c k Is ow n ed b y th e In tern ation al R ailw ay C o.
STOC K A N D B O N D S—
D a te.
Interest. Outstanding.
M a tu r ity .
S t o c k , $1,5 0 0 ,0 0 0 ( $ 1 0 0 )..............................................
$25,000 .
1st M , $ 2 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )_ c ................................
N one
R O A D .— W ill co n s tr u c t a d o u b le -tra ck road o n p riv a te right o f w a y fro m
B u ffa lo to th e en tran ce o f th e p ro p o s e d n ew brid ge across th e N iagara R iv e r
a t N iagara Falls, t o be b u ilt b y th e T ra n s-N ia ga ra D rldge C o .
(See V . 84,
p . 158.)
T h e new road,w ill m ake c o n n e c tio n at th e brid ge w ith the N iagara
S t . C ath arines & T o r o n t o R y .. w h ich Is t o be e x te n d e d to th e N iagara R iv e r ,
thus c o m p le tin g a th ro u gh lin e fro m B u ffa lo t o T o r o n t o .
O F F I C E R S .— P res .. II. T . R a m sd e ll; V .- P ., J . I I . L ascelles; S e c ., Sam uel
E llis; T r e a s ., C lifford H u b b e ll.— V . 84. p . 158.
BURLINGTON, IOWA.
PEO PLE’ S OAS & ELECTRIC CO.
O R G A N I Z A T I O N .— O w ns all th e s t o c k , assets, fra n ch ises an d g o o d -w ill
o f th e B u rlin gton R y . & L ig h t C o.
F ran ch ise exp ires In F e b . 1927.
STOCK AN D BO N D S—
D a te.
Interest
O utstanding.
M a tu rity
$ 1 ,250,000 .............
S t o c k . $ 1 ,2 5 0 ,0 0 0 ................................ - ..........................
Burl R y A L t , 1st M . $750,0001 1897
5 g A -O
750 ,0 0 0 O c t 1 1 9 1 7
($500, & c ) , red a fter J u ly 1 /In te r e s t at A m erican T ru st C o ., B o s ., T ru s.
1902 at 105, g o ld ________ c*J
B on ds are gu ar. p r ln . an d Int. b y en d o rse m e n t b y P e o p le ’ s Gas & E le ctric
C o. o f B u rlin g ton , and th e la tte r has m a d e a tru st deed to secure th e gu a r’ t y .
E A R N I N G S .— F o r ca le n d a r y e a r 1905, gross, $24 0,81 8; n e t, $111 241Interest, $ 37 ,500 ; su rplu s, $ 7 3 ,7 4 1 .
R O A D .— T o ta l tra ck 17 m iles t r o lle y . In clu din g an exten sion t o W e s t
B u rlin g to n . 66 t > 7 5 -lb . T rail.
O perates 22 m o to r and 25 trail cars.
O F F I C E R S .— P res., G . I I . H ig b e e ; S ec. and T reas. C. H . W alsh —
V . 64, p . 41, 46 8 , 753; V . 68, p . 1022; V . 74, p . 1307.
BURLINGTON, VT
B U R LIN G TO N TR ACTIO N CO.— A trolley road.
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu rity .
S to c k , $200,000 (par $ 1 0 0 )...................................—
$200,000 1907-08 6 %
W in & B H orse R R 1st M,1 1894
6 g J -J
125,000 Jan 1 i o i 4
$150,000, gold (f 500 and 1
Not subject to call before maturity
$ 1 , 0 0 0 ) ...................................c j In terest at B u rlin gton T ru st C o ., T ru ste e .
R O A D .— O w ns 11 m iles o f tra ck In c it y o f B u rlin g to n . R a lls 50 and
6 0 -lb . T .
O w ns 15 b o x ca rs , 14 o p e n ca rs, 2 sn ow p lo w s .
E A R N I N G S .— F o r fiscal y e a r e n d in g Ju n e 30:
G ross.
N et.
Charges.
D lv s.
Con st. B at. sur
1 9 0 7 -0 8 .......................$10 5,50 7
$32 ,583 $11 ,0 7 2
$12 ,000
$ 2 1 ,868*$12 ,35 7
* D eficit.
O F F I C E R S .— P r e s ., E llas L y m a n ; V . - P . , J n o . J . F ly n n ; T re a s.
H en d ee; S e c ., C . W . B row n ell.
W . F.
BUTTE, MONT.
BUTTE ELECTRIC R A I L W A Y — Trolley.
T h is c o m p a n y w as In co rp o ra te d In W e st V irg in ia In D e ce m b e r 1899 as
su ccessor t o th e B u tte C o n so lid a te d R y . , so ld a t fo re clo su re .
STOCK A N D B O N DS—
D a te .
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 (par $ 1 0 0 ) . . ____
M -N
$ 1 ,0 0 0 ,0 0 0 O e t’ 06, 2 %
1st M , $70 0 ,0 0 0 , g o ld , $ 1 ,0 0 0 / 1900
5 g M -S
700 000 M ch 1 1 9 2 5
e a c h _____________________ c * i l n t . a t M ercantile T r . C o ., B o s to n , T ru ste e .
B on d s.— M ay be called fo r p a y m e n t o n M ch . 1 1915, o r on a n y Interest
d a y th erea fter. S in k in g fu n d o f 10 % p ar va lu e o f b o n d s begin s M en. 1 1916.
D ivid en d s.— In 1905, 4 % ; In 1906, M ay, 2 % : O c t ., 2 % ; n o n e sin ce to
F e b . 1909— a ll earn in gs g o in g Into co n s tr u c tio n .
R O A D .— O perates 30 44 m iles o f tr a c k .
5 6 -lb . T . rails.
E A R N I N G S .— Y e a r e n d . F e b . 29 1908, gross, $47 5,13 8; n e t, $ 10 3,28 0.
O F F I C E R S .— P r e s ., W . A . C lark, B u tte; V . - P . , J. A . M acd on ald 49
W a ll S t ., N ew Y o r k ; S e c . and T r e a s ., J . H . A n d e r s o n , 49 W a ll S t ., N'. Y .
— V 64, p . 663; V . 69, p . 1300; V . 7 2 , p . 190.
CAIRO, ILL.
C A IR O R A I L W A Y & L IG H T C O .— A tro lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d on O ct. 5 1908 In M aine, to tak e o v e r
th e p rop erties o f th e C a iro E le c. T r a c . C o. an d th e C airo C ity G as C o. V .
8 8 , p . 293 , 37 4 . T h e C airo E le c. & T r a c . w as a co n s o lid a tio n o f th e E g y p t
E le c tr ic C q. a n d th e C a iro E le c. L ig h t & P o w e r C o.
STOCK A N D BO N DS—
D a te.
Interest. Outstanding.
M a tu rity .
S to c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................
(?)
.......................
C E & T 1 st m tg e , $15 0 ,0 0 0 g ) 1903
5 g J -D
$10 0,00 0 June 1 1923
($500 an d $ 1 ,0 0 0 )____ - - . c / I n t . at C entral T ru st C o .. C h icago, T ru stee.
B on d s.— $ 50 ,000 are re served fo r e x te n sio n s an d b e tte rm e n ts. A re
s u b je c t t o call o n a n y Interest d a te a fte r 10 years at 105.
E A R N I N G S o f C airo E l. & T r a c . C o. fo r calen d ar y e a r 1907, gross,
$14 0,13 9; n et, $33 ,5 9 3 .
, „
R O A D .— O perates 9 44 m iles o f tra ck in C a iro, to g e th e r w ith the ele ctric
lig h tin g an d p ow er p la n t. 40 t o 6 0 -lb . T rail, stan d ard gau g e, v . 87 p
613; V . 88, p . 293, 374.
C A IR O & ST. L O U IS R Y .—
, ^
_
In c o r p o r a t e d In Illin ois O c t . 1908, w ith $10 0,00 0 c a p ita l s to c k , to c o n
s tr u c t a lin e fro m C airo to E a st S t. L o u is .
B o n d s , $25 0,00 0, 5 % . P o rtla n d
(M e.) T ru s t C o ., tru stee. H as 2 0 -y e a r fra n ch ise In Cairo an d a 5 0-year
In teru rban fra n ch ise. V . 88, p . 293 .
CALAIS, ME.
C A L A I S S T R E E T R A I L W A Y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— S t o c k , $10 0 ,0 0 0 ; first m o rtg a g e , 1808, 5s, J-J ,
$ 1 0 0,00 0 d u e J u ly 1 1908.
R E P O R T .— Y e a r en d in g Jun e 30 1907, gross, $ 2 8 ,4 6 6 ; n e t, $ 1 ,5 4 7 ;
Interest a n d ta x e s , $ 5,469; d e ficit, $ 3 ,9 2 2 .
CANON CITY, COLO.
CANTON, MASS.
B LU E H IL L STREET R Y — A trolley road.
O R G A N I Z A T I O N .— F ra n ch ise p erp etu al.
STOCK A N D BO N DS—
D ate.
Interest.
O utstanding.
M a tu r ity .
S to c k $ 3 0 0,00 0 ($ 1 0 0 )...................................................
$ 3 0 0,00 0
................
F irst m o rtg a ge $ 5 0 0,00 0 1 1903
5 g A -O
250 ,0 0 0
O ct 1 1923
g o ld ____ ______ ______________ /I n t e r e s t a t C ity T r u s t C o ., B o s to n , T ru stee.
1 9 8 ,3 7 8 .......................
"C u r r e n t liab ilities” S e p t. 30 1908___________ ______
B on ds s u b je c t t o call as a w h ole a t 115 an d Interest on a n y Interest d a y .
E A R N I N G S .— F o r 12 m o s. e n d in g D e c. 31 190 8, gro ss, $ 95 ,567 ; n e t,
$ 2 2 ,8 9 5 ; ch arges, $ 26 ,360 ; d e llc lt, $ 3 ,4 6 5 .
R O A D .— O perates 19.6 m iles o f track fro m M a tta p a n , w here c o n n e c tio n
Is m ad e w ith the B o sto n E le v a te d R y ., to C a n ton an d S to u g h to n , at w h ich
la tte r p o in t It c o n n e cts w ith the B ristol & N o rfo lk S t. R y . and th e O ld
C o lo n y Street R y .
43 cars.
O F F I C E R S .— P re s., C. H . F re n ch ; V . - P . , F . S. P r a tt; 2d V . - P . , E . J . B .
H u n to o n ; T r e a s ., H e n ry B . S aw yer; G en. M g rs., S to n e & W e b s te r, B o s t o n .
— V . 7 8 , p . 1906.
CANTON, OHIO.
S T A R K ELECTR IC R R .— A n e le ctric r a ilro a d .
O R G A N I Z A T I O N .— In co rp o ra te d In O h io an d Is a co n s o lid a tio n In D e c .
1902 o f th e A llia n ce E lectric R y . and th e Stark E le c tr ic R y .
C o n trols th e
Salem & Eastern E lectric R y . T h e la tte r has n o se cu rities o u ts ta n d in g .
STOC K A N D B O N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k $1,0 0 0 ,0 0 0 ($ 1 0 0 ).................................. ...................$ 1 ,0 0 0 ,0 0 0 J a n ’ 0 9 , 34 %
First m o rt. $ 1 ,0 0 0 ,0 0 0 g o ld l 1903
5 g J -J
1,0 0 0 ,0 0 0 J a n . 1 1928
($ 1 ,0 0 ji s. I -----------------------cJC U U eas’ S a v . iSe T r. C o ., C levela n d , T ru ste e .
Jfn t. a t U nited Bank & S a v . C o ., C le v e la n d .
B o n d s.— Can be called a fter 5 years at 105.
D ivid en d s.— First d l v ., % % , p aid J u ly 1908; also 54% O ct. 1908.
In
1909, J a n ., X % .
R O A D .— O perates 34 m iles o f tra ck from C anton to S alem , In clu d in g
A lliance C ity lines. S ta n d a rd g a u g e. 67 an d 7 0 -lb . T rails and 70 and
9 0 -lb . girder rails. T o ta l m ileage, In clu d in g d o u b le tr a c k , 36 m iles.
O F F I C E R S .— P res., C. R . M orley, C levelan d ; V .- P ., D avid M orrison ;
S e c., E. S. C ook ; T re a s., E . W leb en son ; A u d ito r . F . E. W ilk in ; G en . M gr.
F . L. M ow ry. - V . 76, p. 973 ; V. 80 p. 1408.
CAPE MAY, N. J.
CAPE M A Y D E L A W A R E B A Y & S E W E L L ’ S POINT R A IL R O A D .—
A n electric and steam road.
O R G A N IZ A T I O N .— O rga n ized u n d er th e general ra ilroa d laws o f N ew
Jersey on Jan . 10 1893 b y co n s o lid a tio n o f th e D elaw are B a y & Cane M ay
R R . (ow n er o f th e Cape M ay & Sew ell’ s P o in t R R .) and th e Cape M ay &
S ch ellcn g er’s L a n d in g R R .
U ses e le ctr ic p o w e r fo r p a ssen ger service an d
steam p ow er fo r freig h t.
In 1901 co n tr o l passed to th e R e a d in g C o m p a n y .
STOCK AN D BO N D S—
D a te.
In terest. Outstanding.
M a tu r ity .
S to ck paid In (par $ 5 0 )------------------------------------$150,000 ........ .............
First m o r t. ($ 1 5 0 ,0 0 0 )___c u r .1893
5
F -A
150,000 F e b . 1 ,1 9 2 3 .
O th e r d e b ts Ja n . 3 1 1909...................................................
3 24 ,596 ------------------In 1894 and 1895 b u t o n e Interest p a y m e n t w as m a d e , b y m u tu al c o n s e n t
o f b o n d h o ld e rs.
Interest w as re d u ce d t o 5 % fo r 5 years fro m F e b . 1 1806 ,
and rem ains at 5 % . T ru stee Is N . J . T ru st an d S. D . C o ., C a m d en , N . J .
R O A D .— O perates 6.84 m iles o f track e x te n d in g to C ape M ay P o in t an d
Sew ell’s P o in t, a lo n g th e be a ch fro n t th rou gh c it y o f C ape M ay.
E A R N I N G S .— F o r y e a r en d in g D e c. 3 f 1908, gross, $2 0 ,0 3 1 ; e x p en ses,
$ 3 7 ,0 3 1 ; d e fic it fro m o p e r a tio n , $ 17 ,000 ; ta x e s a n d Interest, $ 9 ,926; b e tte r
m e n ts , $743; to ta l d e fic it, $27 ,6 6 9 .
O F F I C E R S .— P r e s ., G eo. F . B aer, P h ila d elp h ia ; V . - P . , T h e o d o r e V o o r hees. P h ilad elp h ia; S e c ., W . R . T a y lo r , P h ila d elp h ia ; T r e a s ., H a rry E .
Paisley, P h iladelph ia; C o m p ., G eo. Z iegler, P h ila d e lp h ia ; S u p t., A . G . M cC ausland, C a m d e n .— V . 7 2 , p . 532,
CEDAR RAPIDS, IOWA.
C ED AR R A P ID S -IO W A C IT Y R A I L W A Y & LIG H T CO.
O R G A N I Z A T I O N .— In c o r p o r a te d In Io w a In Ju n e, 1903, and a c q u ir e d
all the p ro p e rty an d franchises o f the C edar R a p id s E le ctric L ig h t & P o w e r
C o ., the sam e be in g free fro m b o n d e d d e b t .
Has lo n g -te rm fra n ch ises In
th e cities and ow ns p riv a te rig h t o f w a y 100 feet In w id th b etw een th e m .
STOC K A N D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n $ 1 ,7 0 0 ,0 0 0 .............................................................$ 1 ,7 0 0 ,0 0 0 .... .....................
P re f. 5 % n . c . $30 0,00 0 - - - - - - - - - -- ------- ; - - ’ 300 ,0 0 0 J in ’ 09 2 44 %
F irst m o rtg age $ 2 , 0 0 0 , 0 0 0 , f 1903
5 K J -D
1 ,0 8 4 ,0 0 0 Jun e 1 ,1 9 2 3
gold
($ 1 ,0 0 0 ).................... c * / Illinois Tr. & S a v . B k ., C h ica g o , c o -tr u s te e .
I I n t . at H arris T r . & S a v . B k ., C h ica g o.
B o n d s .— S o fa r $ 1 ,1 0 0 ,0 0 0 b o n d s h a v e been issu ed, b u t $ 16 ,000 h a v e
b e e n re tire d b y sin k in g fu n d ; a d d itio n a l b o n d s m a y b e Issued fo r n o t e x
c e e d in g 7 5 % o f c o s t o f p e rm a n e n t a d d itio n s , e x te n sio n s o r o th er rail
w a y , lig h tin g o r p o w e r co m p a n ie s , w hen net earnings fo r y e a r p reced in g
shall h a v e be e n tw ice Interest ch a rge on b o n d s o u ts ta n d in g anti to b e Issued.
A sin k in g fu n d b e g a n A p ril 1 1908 a n d bonds are subject to call on o r a fte r
Ju n e 1 1913 a t 107 44 an d In terest. S ee V . 77. p . 2279.
D iv id e n d s .— In 1908. J a n ., 2 ) 4 % ; J u ly , 2 ) 4 % ; In 1909, J a n ., 2 4 4 % .
E A R N I N G S .— F o r y e a r e n d in g N o v . 30 1908, gross, $ 30 7,87 4; n et, a fte r
ta x e s , $11 5 ,7 4 8 ; Interest, $ 54 ,200 ; su rplu s, $ 61 ,548 .
F o r y e a r en din g
N o v . 30 1907, gross, $ 2 8 8 ,7 7 6 ; n e t a fte r ta x e s , $10 4 ,0 0 8 .
R O A D .— O perates 28 m iles o f tra ck be tw e e n C ed ar R a p id s and Io w a
C ity .
Stan d ard g a u g e ; 7 0 -lb . T rails.
O F F I C E R S .— P re s., W in , G . D o w s; V . - P . , N . M . H u b b a r d J r .; S ec.
an d T r e a s ., Isaac B . S m ith .— V . 7 7 , p . 2279; V . 7 9 , p . 211.
C ED AR R A P ID S & /MARION C IT Y R Y .—
O R G A N I Z A T I O N .— F ra n ch ise exp ires In 1941.
S T O C K & B O N D S — M ile s . D ate. Interest.
Outstanding.
M a tu r ity .
S to c k $450,000 ( $ 1 0 0 ) - - ................................................
$ 4 4 5,00 0 .......................
First m o rtg age $250,0001 15.65
1891
5 J-J
205 ,0 0 0 J u ly 1 1 9 3 1
$ l ,0 0 0 c _______________/I n te r e s t at A m erica n T ru s t C o ., B o s to n . T ru stee.
E A R N I N G S .— F o r c a le n d a r y e a r 1908, gross, $18 5,02 9; n e t, $ 53 ,285 . In
190 7, gro ss. $170,904; n e t, $50 ,441 .
R O A D .— O w ns ro a d In o p e ra tio n 15.65 m iles In len gth , e x te n d in g from
C edar R a p id s. Io w a , to M arlon; se co n d tra ck , 2.2 8 ; sidin gs, 2.35; total o f
a ll, 20 .2 8 m ile s .
R a lls, 4 5 , 60 an d 8 0 -lb . T .
O F F I C E R S .— P r e s ., P. E . H all; T r e a s ., J o h n S. E ly ; V .- P . and S e c ..
H e n ry V . F e rg u so n ; S u p t ., F . L . D lserens.
21
ELECTRIC RAILWAYS
F e b ., 1 9 0 9 . j
CHAMBERSBURG, PA.
C H A M B E R SB U R G G R EE N CASTLE & W A Y N E SB O R O STRE ET R Y .—
A trolley ro a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n sy lv a n ia o n Jun e 17 1901; also
ow n s a tu rn p ik e r o a d , 43 m iles, c a p ita l, $10 0 ,0 0 0 , and an e le ctric-lig h t
p la n t, ca p ita l, $30 ,000 .
In 1908 o ld s to c k w as ca n ce le d an d n e w s to c k Issued to tlie a m o u n t o f
$60 0,00 0 ($3 0 0 ,0 0 0 p rof, an d $ 3 0 0,00 0 c o in .) ; also a u th o rize d $30 0,00 0
2d m tg e. b o n d s to p r o v id e fu n d s to c o m p le te exten sion to C h a m b e rsb u rg .
V . 8 5 , p . 1338.
STOCK A N D BO N DS—
D a te.
Interest.
O utstanding.
M a tu r ity .
C o m m o n $300,000 _ ................................................... .........
$2 0,0 0 0 .......................
P referred $30 0,00 0 ...............................................................
250 ,000 .................... F irst m ortg a g e $ 3 0 0,00 0 g o ld l 1903
5 g J-J
3 0 0 , 0 0 0 J u ly 1 1933
($100 and $ 5 0 0 )_________ c * / In terest at C h am bersbu rg T r u s t C o . , T r u s te e .
S e c o n d m ortg a g e $300.0001 1907
5 g A -O
300 ,000
' c t 1 1937
($100 anil $500) g o ld ____ c * /I n t . at C h a m b e rsb u rg T ru s t C o ., T ru ste e .
B o n d s.— F irst m tg e . b o n d s h a v e n o sinking fu n d and b o n d s arc n o t
s u b je c t t o ca ll.
2d m tg e . b o n d s arc s u b je c t to call on a n y Int. p e rio d In or
a ft e r 1912 a t 105. N o sin kin g fu n d .
E A R N I N G S .— F o r y e a r en d in g Ju n e 30 1908, g ro ss, $ 5 5 ,2 9 1 ; n e t, $ 2 8 ,
979 ; llx ed c h a rg es, $ 1 4 ,8 2 3 ; su rp lu s, $1 4 ,1 5 6 .
R O A D .— O perates 26 m iles o f track be tw e e n C h a m b e rsb u rg , G recn ca stle
a n d P en n M ar. G a u g e, 5 f t. 2 Vi In. 7 0 -lb . T an d 8 0 -lb . gird er rail.
O F F I C E R S .— P r e s ., G e o . B . B e a v e r, W a y n e s b o r o ; V . - P . , R . W . R a m
s a y . C h a m b e rs b u rg ; S e c ., H . B . M c N u lty , C h am bersbu rg; T reas , W . B .
S t a t t le m e y c r , W a y n e s b o r o ; G e n . M g r ., A . D . S c ft o n , W a y n e s b o r o .— V . 8 o ,
p . 1338.
C H A M B E R S B U R G & G E T T Y S B U R G E L E C T R IC R Y .
O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n sy lv a n ia D e c . 4 1900.
STOCK A N D BO N D S—
D ate.
Interest. O utstand ing.
M a tu r ity .
S to c k $ 2 2 5 , 0 0 0 ($ 5 0 ) ...................................................- - ^225,000 - - - - - - - - -
1st m tg e . $ 2 2 5,00 0 ($ 1 ,0 0 0 )/ 1903
5
M -N
2 2 5 >0 ?,0 M a y 1 1933
n o t red , n o sin k in g f u n d .c * ) In t. a t N o rth a m p to n T r . C o . , E a sto n , trustee.
E A R N I N G S .— F o r y e a r en d in g D e c. 31 1908, g ross, $3 9 ,2 9 0 ; d e ficit from
o p e r a t io n s , $ 5 ,2 4 1 .
R O A D .— O perates 13.25 m iles o f track betw een C h a m b ersb u rg , S tou fe rs to w n , F a y e tte v ille , G reen w ood a n d M t. U n ion . 60 to 8 0 -lb . T an d
g ird e r ra il.
G auge 5 f t . 2 Vi In.
O F F I C E R S .— P re s., M . C. K en n ed y ; S ec. a n d T re a s ., W . L . R itc h e y :
A u d ., C. M . D a v id so n ; S u p t., D . B . F re ty .
CHARLESTON, S. C.
C H A R L E S T O N & S U M M E R V IL L E E L E C T R IC R Y .
A co m m itte e con sistin g o f Jam es M . S clg n lo u s, C h airm an ; W ilson G .
H a r v e y , Jam es A llan J r., R . B. G ilch rist and A . C. K a u fm a n , a p p o in te d at
a m eetin g o f business m en h eld In C h a rleston , S. C ., on F e b . 12 1908,
u n a n im ou sly a p p ro v e d th e plan for th e co m p le tio n o f tills r o a d .
See V . 86,
p . 66 7 .
U nder p la n , $ 3 0 0,00 0 co m m o n a n d $10 0 ,0 0 0 p re f. s to ck w as a u
th o rize d M ay 20 1908. V . 86, p . 1409.
It Is p ro p o se d to take up ex istin g
cla im s w ith p ref. s to c k a t p a r.
B o n d Interest a p p a re n tly In d efa u lt.
O R G A N I Z A T I O N .— In co rp o ra te d In S ou th C a rolin a In F e b . 1905.
STOCK A N D BO N D S—
D a le.
Interest.
O u tstand ing.
M a tu rity .
S t o c k $30 0,00 0 ($ 1 0 0 )...................................................
(?)
.......................
P ref $100,000 ($100) 7 % c u m . ........................... ..
(f)
..................
First
m ortg a ge $ 1 ,0 0 0 ,0 0 0 1 1905
5 g A -O
$75 0 ,0 0 0 A p ril 1 1935
g old ($1,000) _____________ JInt. at K n ic k e r b o c k e r T r . C o ., N . Y ., T rus.
B o n d s .— $25 0,00 0 are reserved fo r e x te n sio n s and Im p ro v e m e n ts. A re
s u b je c t to call o n a n y Interest d a te at 60 d a y s ’ n o tice at p a r an d Interest.
N o sin k in g fu n d .
R O A D .— Is to o p era te 28 m iles o f track fro m C h arleston to S u m m e rv ille .
G ra d in g has been p r a c tic a lly c o m p le te d .
O F F I C E R S .— P r e s ., F . S. W r ig h t; S e c ., G e o . T u p p e r , S u m m e r v ille .—
V . 85, p . 1645; V . 86, p . 667 , 1099, 1409.
C H A R L E S T O N C O N S O L ID A T E D R Y ., G A S & E L E C T R IC CO .
O R G A N I Z A T I O N .— O rg a n iz e d F e b . 21 1899 as a c o n s o lid a tio n o f th e
C h a rle s to n C ity R y . an d C h arleston & Seash ore R R . u n d e r S p e c ia l A c t o f
S o u th C a rolin a L egislatu re, g ran tin g a p e rp e tu a l c h a r te r a n d gas a n d e le ctr ic
lig h t p o w e r s.
„ ,
.
F ra n ch ises are p er p e tu a l. A ls o ow n s th e ca p ita l s t o c k o f th e C h a rle sto n
G as L ig h t C o. ($698,150) an d th e C h a rle sto n -E d iso n L ig h t & P o w e r C o.
( $ 1 0 0 ,0 0 0 ), an d thus c o n tr o ls the w h o le field o f lig h t a n d tr a n s p o r ta tio n In
C h a rleston .
In A p ril 1899 b o u g h t th e s t o c k o f th e M o u n t P le a sa n t &
S u lliv a n ’s Island F erry C o . an d th e fra n c h is e o f th e M id d le S tr e e t & SullI
v a n ’s Isla n d R y .
STOCK AN D BO N DS.
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,5 0 0 ,0 0 0 (p ar $ 5 0 ) - . . -----J-J
$ 1 ,5 0 0 ,0 0 0 J a n ’ 09, 1 H
C h arleston C ity first m o r tg a g e / 1898
5 g J-J
7 7 3 ,0 0 0 Jan 1 1923
$ 1 ,000) $850,000 g o l d ____ c l T a x f r e c . I n t. a t M erc. T r . & S . D . C o ., B a lt
C on sol m tg e g old $2,500,0001 1899
5 g M -S
1 ,727,000 M cll 1 1999
c o u p o n ( $ 1 , 0 0 0 ) _________ *1 Interest a t B a lt T r . & G uar C o ., T ru st.
H old ers ca n also c o lle c t c o u p o n s a t C a rolin a S a v in g s B a n k , C h a rle sto n ,
If presen ted b e fo re th e 10th o f the m o n th .
B o n d s.— O f th e c o n s o lid a te d 5s. $85 0,00 0 w ere reserved t o re tire th e
$85 0,00 0 C ity R y . llrst 5s, o f w h ich $77,000 c a n c e le d u n d e r sin k in g fu n d
a n d con sols issued t o c o m p a n y In s u b s titu tio n .
S in k in g F u n d .— A fte r 6 % d iv id e n d has been d e cla re d on s t o c k , a sin k in g
fu n d o f $10 ,000 p er a n n u m b e co m e s o p e r a tiv e on co n s o ls.
D iv id en d s.— First d iv id e n d o f H % p a id J u ly 1 1903; In 1004, 1 % ; In
1 90 5, 1 V i% : In 1006, 2 J 4% : In 1907, 2 H % : 111 1008, 3 % ; In 1909, J a n .,1 V i% .
E A R N I N G S .— F o r fiscal years e n d in g F e b . 28-29:
Y ea r—•
G ross.
N et.
F ix e d Ch arges. S u rp lu s
1908
$727,661
$26 0,57 9
$16 2,00 6
$98,573
1 9 0 7 -.
" . . .
654 391
239 ,946
157,100
82,8 4 6
1906
614 ,963
242 ,355
157,041
85,3 1 3
1 9 0 5 ................
558 .046
215 ,750
155,543
60,207
R O A D . & c .— O w ns 40 m iles o f e le ctric r o a d , o f w h ich 30 m iles In C h arles
t o n an d 10 m iles fro m M t. Pleasant (co n n e c tin g b y fe rry w ith C h arleston )
t o S u lliv a n ’s Isla n d an d Isle o f P a lm s, a p leasu re resort on th e A t la n t ic
c o a s t , In clu d in g lan d a t Isle o f P a lm s, fe rr y , & c. T h e c o m p a n y has c o n
s o lid a te d all o f Its three p o w e r s ta tio n s; b o th ra ilw a y syste m s an d lig h t an d
p o w e r d iv isio n arc b e in g o p e r a te d fro m sam e sta tio n s; th e seash ore d iv is io n
Is c o n n e c t e d b y su b m a rin e c a b le .
O F F I C E R S .— P res., P h ilip H . G adsden ; S ec. and A u d ., Chas. J. B en d t;
M a n a g in g D irector, S a m u e l H . W ils o n , all o f C h arleston; C ashier. W . B.
G le n n .
O ffices, N o. 141 M eetin g S t ., C h a rle sto n .— V . 8 1 , p. 1789; V . 88,
p . 504 .
CHARLOTTE, N. C.
C H A R L O T T E E L E C T R IC R Y .. L IG H T & P O W E R C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n In Jan . 1896 o f all th e e le c t r ic
lig h tin g an d street ra ilw a y Interests o f C h a rlo tte .
H as sin ce m e rg e d the
C h a rlotte Gas L ig h t C o.
A ls o c o n tr o ls the D llw o rth W a te r C o. F ra n ch is e
Is said to be p erp etu al an d e x c lu s iv e u n til Jan . 26 1913. S to c k Is all o w n e d
b y th e C h a rlotte C on solid a te d C o n stru ctio n C o.
STOCK AN D BO N DS.
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k (p ar $ 5 0 ________________ _ ----------------------$20 0,00 0 ------------------F irst m ortg a g e $500,000 g o ld l 1899
5 g J -J
376 ,000 J u ly 1 1 9 2 9
($1,000) sin k in g f u n d . - - C * / I n t . a t M erc. T r . & D e p . C o ., B a lt ., T r u s te e .
S e c o n d m ortg a g e $ 3 5 0 ,0 0 0 ------- 1905
(?)
(?)
(?)
B o n d s.— O n the first m o rtg a g e b o n d s a sin k in g fu n d Is p r o v id e d , o p e r a tiv e
J u ly 1 1900 o f 1 % o f b on d s o u ts ta n d in g , t o be In ve ste d In b o n d s d r a w n b y
lo t a t 107 Vi an d Interest, If n o t o b ta in a b le a t lo w e r figure In o p e n m a r k e t.
R O A D . — O p erates 1 3 PS m iles o f tra ck an d 26 cars.
E A R N I N G S . — F or 12 m o u th s e n d in g D e c. 31 1907, gross, $ 2 2 9 ,8 7 9 ; n e t,
$ 1 0 4 ,7 0 1 ; In 1906, gross, $20 9,06 6: n e t, $ 93 ,877 .
O F F I C E R S . - P r e s . a n d T r e i s . , E. D. I.a tta : V .- P ., E . B . S prin gs: S e c .,
J . L . C h a m b e r s .— V . 66. p . 384; V . 83, n. 8 0 0 .
CHATTANOOGA, TENN.
,
C H A T T A N O O G A R A I L W A Y S C O .—
O R G A N I Z A T I O N .- -O r g a n iz e d In T en n essee and Is a c o n s o lid a tio n In
p ill 1906 o f the C h a tta n o o g a E le c tr ic I t y ., the R a p id T ra n sit C o . o f
C h a tta n o o g a , the C h a tta n o o g a S treet R y ., th e C ity S treet R y . an d N o rth
Side C o n so l. R y . C o ., and o w n s th e e n tire c a p ita l s to c k o f th e L o o k o u t
M o u n tain R y .
C om prises all stre e t ra ilw a y s In C h a tta n o o g a a n d su b
u rbs.
F ran ch ises are pe rp e tu a l.
STOCK AN D BO N DS.
D a te .
Interest. Outstanding.
M a tu r ity .
C o m m o n $2,0 0 0 ,0 0 0 ( $ 1 0 0 ) ............................................. $ 2,000,000
.......................
P f $1,0 0 0 ,0 0 0 ($100) (see t e x t ) ____
Q -M
1,000,000 D e c ’0 7 ,1 Vi
First c o n s o l m tg e 5 3 ,0 0 0 ,000\ 1906
5 g M -N
2 ,0 ) 2 ,0 0 0 M a y 1 1 9 5 6
($500 an d $1,000) g o l d . . c * j In t. a t T r . C o. o f N o r. A m e r ., P h lla ., T r u s t.
C h a tt E le c R y 1st M $625,0001 1898
5 g J-J
625,000 Jan 1 1 9 1 9
g n o t s u b j to call ( $ l , 0 0 0 ) c * / l n t . at M a ry la n d T ru s t C o ., B a lt .. T r u s te e .
S tock.— P re fe rre d s to c k Is 5 % c u m u la tiv e a fte r A p ril 1 1908. I t Is re
d e e m a b le a t 107 a fte r th a t d a te .
B o n d s.— O f th e $3,0 0 0 ,0 0 0 first c o n s o ls, $62 5,00 0 are re se rv e d t o retire
prior liens; th e rem ain d er are fo r e x te n s io n s a n d Im p ro v e m e n ts a t 85 % o f
c o s t. C allable a n y Int. d a te a t 107 a n d Int. o n 3 m o n th s ’ n o tice .
D ivid en d s. — First d iv id e n d on p re fe rre d s t o c k (1 Vi % ) w as p a id D e c . 1
1906. In 1907, 5 % .
N on e sin ce to F e b . 1909.
Latest E a rn in g s .— F o r 6 m o n th s e n d in g Ju n e 30 1908, gross, $240,453
n et, $ 8 0 ,4 8 8 ; In 1907, gross, $ 2 4 9 ,7 9 0 ; n e t, $ 86 ,918 .
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c. 31 1907, g ro s s , $536,8615
n e t. 518 4 ,1 8 9 .
In 1906, g ro ss, $49 9 ,1 8 1 ; n e t, $ 17 6,89 9.
R O A D .— O perates a b o u t 65 m iles o f tr a c k In c it y and s u b u rb s.
O F F I C E R S .— P res, an d G en . M g r., J o h n G ra h am , P h lla .; V .- P . , E d g a r
I i. B u tle r, P h lla .; S e c. an d T r e a s ., C. G . L lg h t fo o t J r ., P h lla .; A u d ., T h o s .
L ln n cn b rln k , C h a tta n o o g a .
M ain o ffic e , C h a tta n o o g a ; P h ila d e lp h ia o ffic e ,
D rc x e l B ld g .— V . 83, p . 562; V . 84, p . 50; V . 86. p . 793
(a) L o o k o u t M ou n ta in R y .—
O R G A N I Z A T I O N .— O w ns a n d c o n tr o ls th e L o o k o u t In c lin e C o . a n d th e
L o o k o u t In clin e & L u la L a k e R y . a n d th e en tire s t o c k an d b o n d s o f th o s e
co m p a n ie s Is d e p o s ite d u n d e r Its new m o r tg a g e . S to c k all o w n e d b y th e
C h a tta n o o g a R y s. C o.
STOCK AN D BO N D S.
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k ( $ 3 0 0 ,0 0 0 ) .................................- .............................
$300,000 ..........................
F irst
m o r tg a g e ($500,000)1 1906
5 g
See t e x t
M a y 1 1956
g o ld _________________________ /T r u s t C o. o f N o rth A m e r ic a , P h lla ., T r u s te e .
B o n d s.— $50 ,000 has been a u th o riz e d t o b e Issued. N o n e Issued y e t .
E A R N I N G S .— In clu d e d In C h a tta n o o g a R y s. C o. earnings.
R O A D .— O perates a c a b le ro a d o f 5,0 0 0 fe e t, a n d has 5 m iles o f e le ctr ic
road o n t o p o f m o u n ta in .
O F F I C E R S .— P re s ., J o h n G ra h a m ; S e c . and T r e a s ., J . C. L lg h t fo o t J r .;
S u p t., W m . A . R o llin s. O ffic e , D re x e l B ld g ., P h lla ., P a .— V . 8 3 , p . 323 ;
V . 87, p . 2 2 6 .
_________ ____________
CHICAGO,ILL.
A U R O R A E L G IN & C H IC A G O R R — T h ir d rail e le ctric (sec M a p on
page 22) .
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n in A p ril 1906 o f th e A u ro r a E lgin
& C h ica g o R a ilw a y , th e E lg in A u ro ra & S o u th e rn T r a c tio n C o. a n d the
C o o k C o u n ty & S ou th ern R R . V . 8 2 , p . 279 , 69 1 , 1155.
D o e s fre lg h ta s
w ell as passenger business. V . 83, p . 490 .
H as e x c lu s iv e c o n tr a c t w ith
M e tro p o lita n YVest S id e E le v a te d to o p e r a te o v e r Its tra ck s. P r iv a te rig h t
o f w ay.
STOCK AN D BO N DS—
D a te.
Interest.
Outsl’ d'g. D lv .& d u e date.
C o m m o n $ 3 ,100,000 ($ 1 0 0 )..................
Q -J
$ 3,100,000 J an 1 " i n 54 %
P f $3,1 0 0 ,0 0 0 ($100) (sec t e x t ) ------Q -J
3,1 0 0 ,0 0 0 J a n ’ 0 9 , 1 ) 4 %
F irst a n d re fu n d in g m ortg ager 1906 5 g J -J
1 ,2 0 0 ,0 0 0
J u ly 1 1946
$2 5 ,0 0 0 ,0 0 0 g o ld ($ 1 ,0 0 0 ).( I n t. a t C lt. S a v . & T r . C o ., C le v e ., an d a ls o
l
In N . Y . T ru s te e , N o rth . T r . C o ., C h ic .
A E & C R y first m o r tg a g e ) 1901 5 g A -O 15 3 ,0 0 0 ,0 0 0
A p r 15 1941
$ 3 ,0 0 0 ,0 0 0 ($1,000) g o ld (-Am er. T r . & S a v . B a n k , C h ica g o , T r u s te e .
c a n n o t b e c a lle d ___________J In te re st p a y a b le In C h ica go an d N ew Y o r k .
E lg in A u ro ra & S o u th e rn first) 1901 5 g J -D
2 ,0 0 0 ,0 0 0
Ju n e 1 1916
m tg e . $ 2 ,0 0 0 ,0 0 0 ($1,000) )I n t a t A m e r. T r . & S a v . B a n k , C h ic a g o ,
g o ld sin k in g f u n d _______ c*J
T r u s te e , an d F irst N a t. B k ., N . Y . C it y .
S to ck .— P referred s t o c k Is 5 % c u m u la tiv e u n til A p ril 1 1909; th e r e a fte r
6 % c u m u la tiv e .
,
B o n d s.— O f th e $25 ,0 0 0 ,0 0 0 n e w b o n d s , $ 5 ,0 0 0 ,0 0 0 are re se rv e d fo r p rior
lien s, $800,000 fo r Im p ro v e m e n ts an d e x te n s io n s an d $1 8 ,0 0 0 ,0 0 0 fo r
se lf-s u p p o r tin g a c q u is itio n s . T h e y are s u b je c t t o call o n o r b e fo r e J u ly 1
1911 at 102Vi an d In terest. U p o n Issuance o f b o n d s reserved fo r a c q u is i
tio n s , a sin kin g fu n d b e c o m e s e ffe c tiv e u n til said fu n d equals 2 5 % o f b o n d s
so Issued. O n th e A u ro r a E lgin & C h ica g o R y . a sin k in g fu n d o f $50 ,000
p e r an n u m c o m m e n ce s o n A p ril 15 1911. S ec V . 7 4 , p . 726 . O n th e E lgin
A u ro ra & S ou th ern b o n d s , a sin kin g fu n d Is $17,000 p e r a n n u m first five
years an d $25,000 a n n u a lly th e re a fte r; $16 1,00 0 h a v e been p u rch a s ed an d
are n o w held In sin k in g fu n d .
D iv id en d s.— F irst d iv id e n d o n p re fe rre d — 1 Vi % — p a id J u ly 1906 ( V . 8 2 .
p . 1 4 3 6 ), a n d th e sam e a m o u n t q u a rte rly sin ce th e n up to a n d In clu din g
J a n . 1909. O n c o m m o n , first d iv id e n d — 5 4 % — O ct. 7 1907.
In 1908,
J a n ., 54% : A p ril, 54% : J u ly , 54% ; O c t ., 5 4 % . In 1909, J a n ., 5 4% .
R E P O R T .— F o r fiscal years e n d in g Ju n e 30:
Y ea r—
G ross.
N et.
F ix c d C h a r g e s.
S u rp lu s .
1908 ____________________ $1,4 0 8 ,8 9 2
$620,623
$33 3,70 0
$ 2 8 6 ,9 2 3
1907
_______________
1 .340,244
612 ,668
3 1 9 ,8 0 7
292,861
R O A D .— O perates fro m F ifth A v e n u e s ta tio n In th e C ity o f C h ic a g o , o v e r
tra ck s o f th e M e tro p o lita n W e s t S id e E le v a te d r o a d ; th e n ce o n its o w n lin e
t o W h e a to n , w ith lines fro m W h e a to n t o E lg in , B a ta v ia a n d A u ro r a ; also
fro m E lgin t o C a rp e n te rsvllle , D u n d e e , S t. C h arles, G e n e v a , Y o r k v llle a n d
B risto l. T o ta l sin gle t r a c k , 155 m iles. T h ir d ra il, sta n d a rd T , 100 lb s .;
tra ck rails, 80 lb s .
. „
, ,,
_
O F F I C E R S .— P res., L .'J . W o lf, C levelan d : V .-P .. M. J. M a n d e lb a u m : S ec.
a n d T r e a s ., II. C. L a n g , C levelan d: A sst. T r e a s ., A . E . F elh l; A u d ., C . E .
F len n cr; G en. M g r., E d w in C. F a b e r, W h e a to n , III.
E x e c u tiv e o ffic e s ,
G arfield B ld g ., C le ve la n d . O h io .— V . 83, p . 212 , 490; V . 8 4 , p . 101; V . 85.
p. 721; V . 8 7 , p . 1531C A L U M E T & SO U TH C H IC A G O R Y .— E le c tr ic .
(See M a p on page 2 3 .)
S am e Interests c o n t r o l H a m m o n d YVh tin g & E a st C h ica go E le c tr ic R y .
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n term ed In 1908 o f the C a lu m et
E le c tr ic S tre e t R y . an d S o u th C h ica g o C ity R y . In a c c o r d a n c e w ith the
term s o f o r d in a n c e passed b y th e C ity C ou n cil M arch 30 1908. L ines
are lo ca te d In th e so u th d iv isio n o f the c it y o f C h ica g o . T h e o r d in a n c e
gran ts fra n ch ises until F e b . 1 1927 and p r o v id e s th a t th e c it y Is to re ce iv e
55 % o f net re ceip ts a fte r a llo w in g fo r o p e r a tin g exp en ses, ta xe s an d d e p re
c ia tio n and 5 % o n p resen t v a lu e , to g e th e r w ith am >unts e x p e n d e d fo r Im
p r o v e m e n ts and e x te n sio n s. T h e c o m p a n y o n Its part agrees to re h a b ilita te
Its p r o p e r ty c o m p le t e ly and m ik e ce rta in Im p ro v e m e n ts and b u ild
co n s id e r a b le new m ileage.
In te rch a n g e o f transfers w ith C h ica g o C ity
R y . b y e stablish in g fo u r tran sfer z in c s Is p r o v id e d , b u t In th ree o f these
zon es free transfers eann it be co m p e lle d unless n et earnings fo r p r e ce d in g
y e a r w e re equal to 5 % on the In vestm en t and the e m p a n y ’ s share o f th e
net earnings a m o u n ts to 1 '4 % a d d itio n a l. C ity m a y p u rch a se p r o p e r ty
o n F e b . 1 o r A u g . 1 o f a n y v e a r u p u i six m m th s ’ n o tice , fo r p re se n t v a lu e ,
w h ic h Is llxed at $ 5 ,0 0 0 ,0 0 0 plus a m o u n t e x p e n d e d fo r Im p ro v e m e n ts ,
a d d itio n s and e x te n s io n s , b u t o n lv fo r m u n icip a l o p e r a tio n w h e r e p u rch a se
Is m a d e n il r to F e b . 1 1027. W ith an a d d itio n o f 2 0 % In o d e e , c lt v m a y
also p u rch ase fo r th e p u rp o se o f tu rn in g p r o p e r ty o v e r t o o th e r p arties (If
p u rch a se d fo r C h icago C ity R y . o n ly 1 2 % a d d itio n a l n eed be p a id ), b u t
th is a d d itio n a l sum n eed n o t be p aid w here these o th e r parties agree to p a y
o v e r to th e c it y all o f th e profits a b o v e 5 % o n th e p urchase p rice . V . 86,
1 O perating A greem ent with Chicago C ity R ailw ay C o .— On Jun e 29 1908 C hi
c a g o C ity C ou n cil a p p ro v e d agreem en t b y w h ic h C h icago C ity R y . agrees t o
o p e r a te C alum et & S o u th C h icago R y . C o .’ s street railw ay s y s te m , a n d t o
p la c e In o p e r a tio n th e zon e system o f tran sfers, as d escrib ed a b o v e . T h e
la tte r c o m p a n y agrees to p a y a ctu a l c o s t o f this o p e r a tio n , an d Joint c o s ts
are to be p a id b y b o th co m p a n ie s In p r o p o r tio n to gross re ceip ts o f e a c h ,
w ith ce rta in e x c e p tio n s .
In a d d itio n . C alum et & S o u th C h ica go R y .
w ill p a y C h ica g o C ity R y . ' ( o f th e a ctu a l s a v in g In o p e r . e x p . resu ltin g
fro m j o in t o p e r a tio n , such sa vin g t o be de te rm in e d b y a b o a r d o f en gin eers.
See V . 87, p . 224.
,
STOCK A N D BO N D S—
D a te.
Interest.
O utstanding.
M a tu r ity .
$ 5 ,0 0 0 ,0 0 0 ................ - - -
S t o c k . $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ________
F irst m o r tg a g e r e h a b ilita tio n ) 1908
5 g F -A ________ 650,000 F e b 1 1928
($1,000) g o ld . N o sink f d c * / I n t . at F irst T ru s t & S av . B k . , C h ic ., T ru stee
2d m o r tg a g e co n s o lid a te d $ 5 ,- ) 1908
5 g F -A
5 ,0 0 0 ,0 0 0 F e b 1 1928
0 0 0 ,0 0 0 ($1,000) g o l d . . . c * JIn t. at F irst T r . & S a v . B k .. C ld c ., T ru stee.
B o n d s .— T h e Issue o f 1st m tg e . b o n d s Is In determ in a te, a m o u n t to be
lim ite d to a m o u n t o f new w o rk d o n e o n p r o p e r ty . T h e y are s u b je c t to
ca ll at a n y Int. date at 105. T h e c o n s o l, m tg e . b o n d s are s u b je c t t o call at
103. T h e y w ere Issued t o tak e up all p rio r liens.
N eith er Issue o f .b o n d s
has a sin k in g fu n d .
. j
;a r p :e n t e r s v i l l e
T o B e lv id e r e —
M A P
O F
T H E
C O N N E C T IN G W I T H
° Gilberts
R o c k p o r t , Freeport,
Beloit a n d Ja nesville
A U R O R A , E L G IN & CH ICAGO
R A IL R O A D
AND
Alrnora
ELGIN
C O N N E C T IN G
L IN E S
Schaumberg
° Spaulding
S . E L G IN
C L tN TO N V ILLE
Youngsi
iensenville
E L E C T R IC
WAYNE
Wasco o
Addison
ST. CH ARLES
Lafox o
INGALTON
GENEVA
R A IL W A Y S
W E S T CH ICA G O
W HEATON
Hillside
B A T A V IA
Baldmound °
JWarrenhurstj
CARM EL J R
M E T E R iY W .
W AR REN V IL L E
AURORA
Hinsdale
1
o
EOLA JCT.
O A K R ID G E
C EM ETER Y
!
La Grange
Duffin o
NAPERVILLE
Downers Grove
AURORA
Summit
Sugargrove0
R . R. P A R K X
[Vo l .
Worth, o
Wolf sol*
Lemont
Normantpwn vo
V O R K V IL L E
Blue Island
lxxxvju
.
Frontenac
MONTGOMERY
ELECTRIC RAILWAYS
F e b .. 1909. |
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E L E C T R IC
B A B N I N G S .— C o m b in e d ea rn in gs o f th e t w o c o n s titu e n t c o m P^“ li :s„ ] r
c a l. y ea r 1007, b efore c o n s o lid a tio n a n d b e fo r e r e h a b ilita tio n , w ere $ 87 5,u i o
g r<R
.— O p’o n u e Y 'a b o u t 114 m iles o f tra ck re a ch in g S o u th C h ica g o ,
P u llm a n , W est P u llm a n , A u b u r n P a r k , B u rn sid e an d M a n h a tta n u e a e n .
A ls o e x ten d s fro
J a ck son P a rk to 108th S tre e t an d the In d ia n a S ta te line
a lon g the L a k e sh ore an d b o th sides o f th e C a lu m e t R iv e r . 7 0 , 7 o , 88 anu
85-11) rails
i
O F F I C E R S .— P r e s ., I r a M . C n b c; V . P .. D . M . C u m m in gs: S e c. and
T r e a s ., O . S . G a ith e r .— V . 8 6 , p . 917 , 1223, 1342; V . 8 7 , p . 224 , 28o, V . 88,
p . 374.
_______
C H I C A G O C I T Y R A I L W A Y . — A n e le ctr ic r o a d . (.See M a p o n p a ge 24.)
I n J a n . 1905 c o n t r o l w as p u rch a s e d b y M arshall F ie ld , J o h n J . M itch ell
a n d P . A . V a le n tin e fo r $200 a share o n b e h a lf o f J. P . M organ & C o. a n a a
S y O R G A N I Z A T I O N .— I n c o r p o r a te d In F e b . 1859. an d has e x te n s iv e s u r
fa c e roa d p rivileges In the so u th d iv isio n o f C h ica g o .
In O ct. 1908 tn e c ity
a tu h o r ltlc s w ere a sk ed to a p p r o v e a c o n t r a c t b e tw e e n th e c °dipan y <
t h e C o m m o n w e a lth -E d iso n C o ., b y w h ich th e fo rm e r agrees to b u y an
U s ele ctr ic p ow er fro m th e la tte r until Ju n e 1918. T h e ra ilw a y w ill a b .
d o n Its p r o d u cin g p lan ts b u t retain Its d is trib u tin g plante.
V. 87, p.
N ew O rdinances and F r a n ch ises. — O n F e b . 5 1907 th e C ity C o u n cil P<
ord in a n ces p r o v id in g fo r a s e ttle m e n t o f th e Ir^n c hIS„c 1^ £ s* „.jl >ormiaiiv
ord in a n ces were a p p ro v e d a t th e c it y e le ctio n on A p ril 2 1907 a n d fo
y
a c c e p t e d b y th e c o m p a n y ’s b o a r d o f d ir e cto r s ®“ A P ^ l i f ' n u i w i v Co
te n d e d ou tlin e o f these o rd in a n ce s, on e t o th e C h ica go C U y R a ll i ' 7
•»
a n d c o v e r in g the lines o p e r a te d b y th a t c o m p a n y , ana the o th e r
„
c a g o R y s . C o ., a n d c o v e r in g the lines o f the ^ r m e r C h x a g o U n ion T r a c t on
~ o . (n
' ow th
T hd
e avte
a luoef
C
th ee C
Ch
h cc aa gg oo Railways
R a ilw a y s C
C ,.
o .)
. ) ,, w
w as
as given
given U
in V
.*• 84 ’rpit vi^123
R v ' aV
o f th e ta n g ib le an d In tan gible p r o p e r ty o f th® GhIcago C y
th e ord in a n ces w as fix ed at $ 2 1 ,0 0 0 , 0 0 0 .
^he c t y o r
y
P Y slx
th o r lz e d b y It Is given th e rig h t o n l-e b . 1. o r A u g .
o r eith er
m o n th s ’ n o tice , to pu rch ase the entire p r o p e r ty o f th e t w o sy
’ ...
.
o f th em , at th eir va lu e at d ate o f o rd in a n ce plus t h e c o s t o f ir ehabilitation
nitv all nroflts a b o v e 5 % o n the c o s t o f the In vestm en t,
of^ 6 ^ ^ p o n ' t L ^ g r e e d 1va lu e 1 phis t h e ^ c o s ^ ^ 'r ^ a b l l U a t l o ^ a m d extern
&•£ I S s l F H ”
m su
ussss
m arle°g ood o u A f th e p rofits o f su bsequ en t years. A ft e r A p ril 15 1910 the
eom n a n ies are req u ired to set aside 0 % o f the gross re ce ip ts fo r m ain ten an ce
a n d Pr e n 'ilr s A n d an a d d itio n a l 8 % o f the gross re ceip ts to c o v e r renew als
a n d d e p r e d a tio n . W h a te v e r p o r tio n o f the tw o fu n d s Is n o t u se d , rem ain s
Tn th e fu n d s a n d passes to the c it y o r Its licensee u p o n p u rch ase.
B u t If
the1 t w o fu n ds are n o t s u fficie n t fo r the p u rp oses n a m e d , the co m p a n ie s
nm r»hilo’/itfid to su p p ly a d d itio n a l fu n d s.
a r F ree transfers are required o v e r all c o n n e c tin g lines w ith in the c it y lim its
c o v e r e d b y the C h icago R a ilw a y s C o ., th e C h icago C ity R y . , th e C h icago
C on solid a ted system and the C h icago G eneral R y ., p r o v id e d th e passenger
has nald a five-cen t fare and Is tra v e lin g In a n y on e general d ir e ctio n .
Certain e x ten sion s are p r o v id e d , and th e C h ica g o C ity C o . agrees t o c o n
s tr u c t in a d d ition tne eq u iv a le n t o f 8 m iles o f sin gle tra ck a n d the C h ica g o
R a ilw a y s system the eq u iv a le n t o f 12 m iles o f sin gle tr a c k , In each y e a r
a fte r the th ird y ea r. T h e co m p a n ie s also agree, u p o n d e m a n d o f tne c it y ,
t o fu rn ish fu n d s n o t e x c e e d in g $ 5 ,0 0 0 ,0 0 0 In the a ggregate fo r the co n s tr u c
tio n o f a cen tra l d o w n -to w n s u b w a y to be b u ilt a n d o w n e d b y the c it y ,
tw o -fifth s o f the c o s t to be b o rn e b y the C h icago C ity R y . an d th ree-fifth s
b y the C h icago R a ilw a y s . S e ctio n 25 o f C h icago C ity R y . o rd in a n ce fixes
th e ca p ita l In vestm en t lim ita tio n o f the c o m p a n y as fo llo w s :
ih e com pu n y shall n o t be requ ired o n a c c o u n t o f a n y exte n sio n s o r su b w a y s o r o n
a c c o u n t o f u n d ergrou n d tro lle y s , o r o n a c c o u n t o f a n y exten sion s o f its
street ra ilw a ys, o th e r th an th e e x te n sio n p r o v id e d fo r In e x h ib it A , a n a
In S e ction 36 o f this o rd in a n ce , an d fo u r (4) m iles o f d o u b le o r e ig h t (8)
m iles o f single tra ck p er a n n u m , as In S e ctio n 3 h ereof p r o v id e d , t o Increase
its to ta l ca p ita l In vestm en t to such an e x te n t th a t the return th ereon o v e r
an d a b o v e the Interest charge o f 5 % th ereon b y this o rd in a n ce au th orized
w o u ld be red u ced to an Inadeq u ate o r u n re a so n a b ly ^mall a m o u n t.
T h e franchises g ran ted b y th e o rd in a n ce s run until F eb . 1 1927.
in e
c it y reserves th e right at a n y tim e t o c o m m u te a sum n o t e x c e e d in g th e
c it y ’ s share o f the net rece ip ts fo r th e p re v io u s ye a r Into a r e d u c tio n o f th e
rates o f fare
A fte r on e y ear cars m a y n o lo n ge r bo run In tra in s, bu t
“ I f w as stated1'N o v .n i9 0 8 th a t 7 5 % o f the e,R ,re w o rk o f r e h a b iu ta tlo n o f
th e C h icago C ity B y . had been c o m p le te d .
V . 87, p. 677, 1419.
F o r In
d ic a t io n as to w ork n ecessary and m o n e y to b e e x p e n d e d , see V . 8 5 , p . 629.
U n d er an o p e r a tin g agreem en t en te re d Into 1 i 1908, op e ra te s th e C alum et
& S o u th C h icago R y . a n d w ill also d ire ct the w o rk o f Its re h a b ilita tio n .
STOCK AN D B O N D S Dale.
Interest
S t o c k , $ 19 ,000 ,00 0 ($ 1 0 0 )-------- ; - - T 'e x t Q - M 3 p $ 1 8 ,0 0 0 ,0 0 0
See t e x t
mn
crolll C& rf 1907
5 g r -A
2 0 ,0 0 0 ,0 0 0 TCI) 1 \Oc.i
F irst m
o rrft. ( $ 1 ,0001
0 0 U), g oiu o o c r m ™ Trust*>& S a v . B l c C h ica g o , T ru stee.
R o n d s __ T h ere Is n o lim it t o th e a m o u n t o f b o n d s th a t m a y be Issued
urm er ti e a b Z v c m . “ ga ge .
B nils c a n be c a lle d at 110 an d in terest a n . r
b e fo re F eb 1 1912 b u t n >t th e re a fte r.
U n d e r th e C h ica g o c it y o id ln a n c e .
In case o f purch ase th e c it y has the rig h t to re d e e m b o n d s a t p a r b e f o r e
m a tu r ity
V . 8 4 , p . 1488, 1550.
A lto g e th e r, $ 2 5 ,0 0 0 ,0 0 0 b o n d s n a ve
____
____
b e e n sold — o n ly $2 0 ,0 0 0 ,0 0 0 o u t J a n . 1909.
b l V I D F N D S __ U sually 1 2 % , w e re In 1893 2 4 % ; 189 4-1 900, 1 2 % , In
1 9 0 1 , 1 0 H % : I n '190 2 -0 6 , 9 % ; In 1907, 6 J£% ; In 1908, 8 U % ; In 1909 e x tra
A*D '& c . — C o m p a n y o p e ra te s a b o u t 244 m iles o f tra ck , all n o w o p e r a t
ed b v e le c tr ic ity . S y ste m c o v e r s th e S o u th S id e o f C h icago, e x te n d ln y
f r o m t h c c e n t r e o f the business d is tric t so u th to 79th S tre e t an d b e tw e e n
th e S ou th B ran ch o f the C h icago R iv e r and th e L a k e . Cars re q u ire d b y
or d in a n c e Jan . 1 1908, 805 d o u b le -tru ck cars, 251 sin g le -tru ck cars; t o ta l,
1,1' l a T E S T E A R N I N G S .— F o r 11 m o n th s e n d e d D e c. 31:
25
R A IL W A Y S
an d p u t In o p e r a tio n a line to K a n k a k e e , 30 m ile s.
E x te n sio n to L a fa y e t t e
C° O F F KUi R 3 . — P e s ., M a tth e w Slu sh ; S ec. a n d T r e a s ., C. J . R e illy ; G en .
M gr., W . H . C on r u —V . 8 5 , p. 283.
C H IC A G O & A U L V V A U K E E E L E C T R I C R R .— A tr o lle y ro a d .
R e c e i v e r s h i p — O n Ja n . 28 1908 J u d g e G ro sscu p a p p o in te d W . I r v in g
O sb o rn e , V lc e -P r e s C en tral T r u s t C o ., C h ic a g o ; D . B . H a n n a , V lc e -P r e s .
C a nadian N orth ern R y . , T o r o n t o , an d A lb e r t C. F r o s t, P res, o f th e c o m n a n v . receivers.
G eorge G . M o o re w a s s u b s e q u e n tly su b s titu te d fo r M r.
-Tost. See V . 8 6 , p . 284 , 337 , 1223. A p r il 1908 J u d ge G rosscu p a u th o r
ized th e W isco n sin c o r p o r a tio n t o Issue $ 1 ,0 0 0 ,0 0 0 r e c e iv e r ’ s certifica tes t o
c o m p le te ro a d ( V . 8 6 , p . 917, 1159, 1 2 2 3 ).
In te r e s t d u e J u ly 1 1908 a n d
Jan . 1 1909 on th e $ 4 ,0 0 0 ,0 0 0 b o n d s o f 1902 w as d e fa u lte d ; th e in te re s t d u e
o n $ 1 ,0 0 0 ,0 0 0 1st m tg e . b o n d s o f 1899, h o w e v e r , is b e in g p a id .
D e fa u lt also
o c c u r re d o n W iscon sin D iv . b o n d s J u ly 1 1908 a n d J a n . 1 1909. V . 8 7 , p .9 6 .
F o r e c l o s u r e S u i t . — In N o v . 1908 W isc o n s in D iv . b o n d h o ld e rs ’ p r o t e c tiv e
c o m m it t e e a p p ro v e d the a c t io n to fo re c lo s e th e m tg e . o n th e W isco n s in
d iv isio n a n d au th o riz e d th e filing o f a b ill fo r sllm lar a c t io n w ith re g a rd to
th e Illin o is d iv isio n .
In D e c. 1908 J u d g e G rosscu p e n te r e d an o r d e r c o n
s o lid a tin g th e v a r io u s fo re clo s u re su its.
V . 8 7 , p . 1237, 1477, 160 4. T h e
c o n s o lid a te d b ill seeks to establish a n d fo re c lo s e an e q u ita b le lien In fa v o r
o f all th e h o ld e rs o f W isco n s in b o n d s a ga in st th e Illin o is p r o p e r t y , o n th e
g r o u n d t h a t s o m e $ 2 ,0 0 0 ,0 0 0 o f th e p r o c e e d s o f these b o n d s w ere used fo r
the ben efit o f th e Illin ois p o r tio n o f th e lin e. V . 8 7 , P . 1532, 166 3. T h is
th reaten s t o disp la ce the Illin ois d iv isio n b o n d s first lien o n th e Illin ois
n r o p e r ty , an d a p r o te c tiv e co m m itte e o f Illin ois d iv isio n b o n d s has been
C n e c L V 87, p P 1604, 1663; V . 8 8 , p . 3 7 4
I n F e b 1908 t h e M e r c b M jt s '
L o a n & T ru s t C o ., C h ica g o , as trustee o f th e Illin ois d iv isio n b o n d s o f 190 2,
filed a b ill In U . S . C ircu it C ou rt o f N o rth e rn D is trict o f Illin o is t o fo re c lo s e
O R G A N I Z A T I O N — In c o r p o r a te d u n d e r th e gen eral r a ilro a d la w s o f
Illin ois an d W isco n sin a n d has th e sam e P r o t e g e as s te a m r o a d s . _ r h ls
c o m p a n y w as su cce sso r b y p u rch ase o n D e c . 31 1902 o f th e -C h ic a g o & MU
w aultoe E le c tr ic Railway C o . L eases th e C h ic. & M Uw. E le c . R R . o f W is
c o n sin fo r 50 years fr m 1905, an d gu aran tees Its b o n d s , b o th p rin c ip a l
anti In terest. D o e s a fre ig h t b u sin ess. F ra n ch ises, e x c e p t 4 , are p e rp e tu a l,
se rve s 25 citie s a n d to w n s.
STOCK AN D BO N D S—
Date.
Interest.
Outstanding.
M aturity.
SH 5 R ’n oo T m ^ 'V i o i o
S t o c k , $ 5 ,0 0 0 ,0 0 0 .....................................
C & M E RV 1st M . $ 1 .5 0 0 ,0001 1899
5 g J-J
1 ,0 8 0 ,0 0 0 J u ly 1 1 9 1 9
g ($1,000 each ) c ; m a y b e l l n t . a t S ta n d a r d T r a s t C o ., N . Y . , a n d C levec a llc d a n y Interest d a y at|
la n d T ru s t C o ., T r u s te e s , C le v e la n d T r u s t
105 a n d I n t e r e s t .................... J C o . a n d R o y a l TrU8t ^ n’ h o n ^ T n fv ' 1 1 0 2 2
C & M E R R 1st M , $ 5 ,0 0 0 ,-f 1902
5 g J-J
4 ,0 ^0 fS0 0 r i
0 0 0 , g o ld ( $ 1 , 0 0 0 ) ............. c l l n t . a t M erch an ts L o a n & l r . C o ., C h l c a ^ .
’ b
\ T r u s te e , o r N a t. B k . o f C o m m e r c e , N . Y .
W isco n sin D iv is io n , 1st m t g .l 1905
5 g J -J
^ 0 0 . 0 0 0 J a n 1 .1 9 2 5
g u a r,
g o ld ,
$1 0 ,0 0 0 ,0 0 0 lln t e r e s t a t W e s t. T t - * S aY t ? k -W hJ^-A„EHstee
( $ 1 000)
___________ J o r U . S. M o rtg a g e & T r u s t C o ., N ew Y o r k .
R e c e iv e r ’ s certs $1 ,0 0 0 ,0 0 0 1 1908
6 M -N 11
1,0 0 0 ,0 0 0
1911
B o n d s .— b ift h e " 5 5 J) 0 0~,000 Railroad C o m p a n y b o n d s a u th o r iz e d . $ 1 ,0 0 0 .
000 are reserved to retire a lik e a m o u n t o f b o n d s o f th e R a ilw a y C o m p a n y .
B o n d s are n o t s u b je c t t o ca li. See V . 7 6 , p . 211 ; V . 7 8 , p . 1406.
S in k in g fund on the Railway b o n d s o f $50 ,000 p e r y e a r begin s w ith J u l y 1
1910.
N o m ore th a n th e $1,0 8 0 ,0 0 0 o f th ese b o n d s o u ts ta n d in g w ill b e
Issued. T h ese b o n d s are s u b j. t o call o n a n y in t. d a t e a t 105 a n d I n te r e s t.
T h e W isco n sin D iv . b o n d s are g u a r ., p rln . an d lnt., b y th e C h ic. « M il.,
E l R R o f HI
N o s. f a n d are n o t s u b je c t to ca ll.
O f th e $ 1 0 ,0 0 0 ,0 0 0 re
p o r t e d o u ts ta n d in g , $ 1 ,1 5 7 ,0 0 0 Is p le d g e d as co lla te ra l fo r n o te s a n d lo a n s .
A $ 2 ,0 0 0 ,0 0 0 Issue o f 6 % n o te s w as a u th o r iz e d In 1907 (V .8 5 , p . 9 2 0 ),
b u t It Is u n d e rs to o d th a t n o t m ore th a n $12 1,00 0 o f th ese n o te s w ere Issued
a g a in s t w h ich $ 2 0 3,00 0 o f W isco n s in D ;v . b o n d s are p le d g e d . V . 8 6 p 3 3 7 .
T h e r e c e iv e r ’ s certificates are a p rio r lien o n ly t o th e $ 1 0 ,0 0 0 ,0 0 0 W is c o n
sin D ivision 5s d u e 1925. T h e y are s u b je c t to ca ll at o p t io n o f r e c e lv e i.
V R E P O R T S* O F 9E X P E R T
» c k
A C CO U N TA N TS.
See
report
of
A rth u r
&
I K
S
re-sY ated’ b y ' A
Y o u n g & C o . o m it t in g a ll
fre ig h t earnings an d e xp en ses o f c o n s tr u c tio n m aterial h au led , w ere as
Cakndar
C ross
Y ear—
E a rn in g s,
1903
- $19 3,32 6
1904
240,870
m nn " "
2 02 .663
1006
441 265
1907 I Z Z IZ IIZ
556,847
O perating
N et
and T a x es. E a rn in g s.
$10 4,44 8
$ 88 ,878
180 ,516
60,354
242 .682
59,981
3 69 ,976
71,2 8 9
4 5 8 ,9 5 0
9 7 ,8 9 7
B on d
<t.
$ 1 3 1,50 0
214 ,0 0 0
309 ,0 0 0
466 ,5 0 0
6 9 6,500
D e fic it.
5 9 8 ,6 03
T o t 15 v r s .) $ T 734 971
$ 1 ,3 5 6 ,5 7 2 $37 8,39 9 $ 1 ,8 1 7 ,5 0 0 $ 1 ,4 3 9 ,1 0 0
R O A D .__O perates 140 m iles fro m E v a n s to n th ro u g h W a u k e g a n a n a
K e n o sh a t o R a c in e . In clu d in g e x te n sio n t o L lb e r ty y llle .
L in e fro™ E v a n s
to n (w here c o n n e c tio n Is m a d e w ith C h ica go) t o W a u k e g a n ^ j ^ k e f e l l e r
a up* i s o o and e x te n s io n to L ib e r ty vlllo In S e p t. 1903, an d t o lio c K c ie iic r
In M arch 1905; 38 m iles a d d itio n a l t o Z io n C ity a n d K e n o sh a w ere P la ced
In o p e r a tio n D e c. 2 1905 an d the line t o B a cln e o n S en t. 1 1906.
L in e
betw 'ccn E v a n s to n an d M ilw aukee p u t In o p e r a tio n F e b 6 1909
T o ta l
m ileage 186.
P r a c tica lly all th e ro a d Is b u ilt o n p r iv a te U g h t-o M e a y an d
r o a d is d o u b le -tra ck e d th r o u g h o u t.
R a lls, 65 a n d 8o-lb^ V . 6 / , P- 800O F F I C E R S .— P re s., A . C. F ro st: V . - P . , G o rd o n A . R a m s a y . S e c , I le r r e
G . B ea ch : T re a s ., W . O . K llm an ; G en. M gr., R . B . S tea rn s.— V 87 p 96,
22 5 , 936 , 1237, 1476, 1477, 1532, 1604, 1663; V . 8 8 , p . 99, l o 8 , 374 , o04.
CHICAGO R A I L W A Y S CO.— A n ele ctric r o a d . (S ee M a p on page 26.)
P O S S IB L E C O N S O L I D A T I O N W I T H O T H E R L I N E S .— In N o v . 1908
a c o m m itte e con sistin g o f J . J . M itch ell an d J . A. S p o o r ,
nd
C h icago C ity R y .: C h a u n ce y K e e p , H . A . B lair, W . N . E ise n d ra tn a n a
W a lla ce H e ck m a n , re p resen tin g th e C h ica go R y s . C o ., a n d S am u el Insull
fo r th e C o n m m o w e a lth -E d iso n C o ., w as a p p o in te d t0 see 1f a ^easll‘^ plan
co u ld be d e v is e d fo r u n itin g all th e tra ctio n p ro p e rtie s In th e c it y o f C h ica g o.
C ross
N et
h it . on
B alance — O f
11 hich to
\ fos
F a m i n e s . E a r n in g s.
In v cs't.
D iv isib le. C o. 4 5 % . ( 'l l v->5 '' .
' O R G A N I Z A T I O N .— In c o r p o r a te d In Illin ois In O c t . 1903 and o n J a n . 25
1908
$ 7 ,8 1 7 ,9 7 9 $27345,394 $ 1 ,4 6 3 ,0 9 0 $882,304 $39 7,03 7 $48 5,26 7
1Q08 arnulred a t fo re clo s u re sale th e p r o p e r t y o f th e o ld C h ica g o U n io n
1 9 0 7 " "" '*7,562,694
2,2 6 8 ,8 0 8
1,116,387 1,152,421
5 1 8 ,5 9 0 6 3 3T,8r a
3 c2t l o n c o n i p r 1s l n g ^ h e l l nes8 o f th e ^ r t h and W e s t C h ica g o S tre e t R R s
R E P O R T .— For 1007 co v e rs the 11 m on th s e n d in g D ec 31, u n d er te rm s
T h e p u rch ase w as u n d er a p la n o f r e o rg a n iz a tio n an d r e a d ju s tm e n t d a te d
o f ord in a n ce o f 1907, w ith net Incom e fo r m on th o f Jan . 1907, u n d e r Indi
O ct 15 1907 and o u tlin e d In V . 8 5 , p . 1269; see also page
% a n c h l s c s .— O n F e b . 5 1907 th e C ity C o u n cil passed o rd in a n ces p r o v idu al op era tion prior to d ate w hen said ord in a n ce to o k e ffe ct.
Ih e d iv s .
as show n b elow Include the “ e x tr a ” 2 ) 4 % d ecla red p a y a b le l-e b . 10 1908
vlflltitr fo r a se ttle m e n t o f th e rela tion s b e tw e e n th e c it y and th e street
r lllw a v ^ m o a n le s
V . 84. p . 338 . 390 . T h e fra n ch ises g ra n te d b y th e
(see V 86 p . 544) •
Pass, receip ts (11 m os.) _ a $ 7 ,460 .635 (In t. on capital In v e s t -* /-- -$ 1 ,1 1 6 ,3 8 6
o r d ln a n c e s ^ x p fr e F e b . 11 1927, an d w ere a p p r o v e d a t th e p o p u la r e lection
O th er receip ts (11 m o s .) . .
102,0591
...
.
...
1 In c . fro m o p . (11 m os.) .$ 1 ,6 3 4 ,9 7 6
hClIn Y h e’ r w m ij/s ' c o n e e r n ln g th e C h lc a g o C Ity R y . on a p r e c e d ln g p a g e o f th is
T o ta l r e c e i p t s - - ............... $ 7,562,694 |Nct Incom e Jan . 1907 (net
nu
lca tlo n w ill be fo u n d a brief su m m a ry o f th e m a in te rm s, re q u ire m e n ts
281,582
and c o n d itio n s o f these o rd in a n ce s . A v e r y e x te n d e d o u tlin e o f th e sam e
O per. e x p ., ta xes, renew I 1 9 0 8 ).....................................
w as p rln te d V r?th e “ C h ro n icle ” o f M a y 11 1907 p a g e s 1123, 1124 an d 1 12 5.
als an d ln t. on I n v e s t -. 6 ,410,273
----------------- |Net In c o m e _________________$ l , 9 i o , o o s
tn w h ic h the reader Is referred fo r d e ta ile d In fo rm a tio n .
T h e ordin an ce fo r the C h ic. R w y s . C o . requires th a t w ith in three yea rs
N e te a rn in g s
...................... $1.152,421 |D ivid e n d s ( 9 % ) - ................... 1,620,000
fro m F e b 11 1907 the c o m p a n y shall free th e pro p e rtie s fro m all o f th e old
liens w h ich requ irem en t the C h ic. R w y s . C o. w ill b e ab le t o fu lfill. T h e
C o m p a n y ’ s°proiL
Sxs'.S Sol
B a la n ce , s u rp lu s .............. $296,558
o rd in a n ce fu rth er pro v id e s that the v a lu a tio n o f the p ro p e rtie s acq u ired
shad be deem ed an d con sid ered t o b e $ 2 9 ,0 0 0 ,0 0 0 (th e va lu e fix e d b y a
„ T h e nassengcr receipts as a b o v e c o m p a re w ith th ose fo r full calen dar
b o a n l o f c x ? .m engineers a c tin g fo r the c i t y ) , plus $ 1 ,7 7 9 .8 7 5 fo r e x p e n d i
years as fo fio w s f'ln 1906, $ 7 ,7 7 3 ,4 4 6 ; 1905, $ 7 ,2 4 0 ,6 7 1 ; 1904. $ 6 ,0 0 9 .5 0 1 .
« T h e “ Interest on capital In v e stm e n t,” $ 1 ,1 1 0 ,3 8 6 , Is th at certified b y
tures from the d a te o f th e v a lu a t io n o n Jun e 30 1906 t o F e b . 1 l!»<) 7 -m a k ln g
b o a r d o f su pervisin g engineers, as p r o v id e d b y the o rd in a n ce o f F e b . 11 1907.
to ta l v a lu a tio n o f p rop erties as re co g n ize d b y ord in a n ce S3 0 -7™ ;® 7 5 ®8 ° r
O F F I C E R S __C h airm an E x . C o m ., J . A . S p o o r ; I’ res., I . L . M itten,
F e b . 1 1 9 0 7 . In D e c. 1908 a m o u n t w as $ 3 7 ,9 5 2 ,7 8 7 . V . 87, p . 677; V . 8 8 ,
V P R B H a m ilto n : S ec. and T r e a s ., F . D . H offm an n : A n d ., J . J . D u ck .
— W 8 6 , 'p 2 8 L 4 7 5 ? 5 4 4 , 545, 068 , 856; V . 8 7 , p . 677 , 1010, 1419; V . 88,
^ A * !?e x p e n d itu r e s fo r r e co n s tru ctio n and exten sion s are b e in g m a d e u n d er
th e d ire ct su pervision o f a b o a rd o f su p e rvisin g en gin eers, h e a d e d b y M r.
p . 2 3 0 ,2 9 3 .
_______
B ion J A rn old and the c o m p a n y Is r e q u ire d , und er co n s e rv a tiv e restric
tion s to ad v a n ce m o n e y s fo r the c o n s tru ctio n o f su b w a y s b y the c it y .
C H I C A O O & S O U T H E R N T R A C T I O N C O . — A n e le ctr ic r o a d .
T h e ex p e n d itu re s fo r re co n stru ctio n an d e x te n sio n s, In clu d in g a n y co n trlO R G A N I Z A T I O N .— In c o r p o r a te d In 1904.
In J u ly 1907 pu rch ased th e
bu tlon sPfo r su b w a y s , after F e b . 1 1907 are to be a d d ed t o th e v a lu e o f the
C h ica go E lectric T r a c tio n C o. (su ccessor t o th e E n g le w o o d & C h icago E le c
p rop erties recogn ized b y the o rd in a n ce , to g e th e r w ith 5 % o f su ch e x p e n d i
tr ic R v ) at foreclosu re sale. O f th e $ 5 ,0 0 0 ,0 0 0 b o n d s g iv e n b e lo w , $ 2 ,5 0 0 ,
tures fo r b rok erage.
A s co m p e n s a tio n fo r Its services In c o n s t r u c tio n ,
000 have been Issued and are Intended t o c o m p le te the ro a d to -K a n k a k e e
ti e company w ill re ce ive an a d d itio n a l 1 0 % o f all e x p e n d itu re s fo r r e c o n
I n d ., and fo r the p u rp ose o f p a y in g th e $65 0,00 0 b o n d e d d e b t o f th e C h icago
s tru ctio n and e x te n sio n s, e x clu s iv e o f am ou n ts co n tr ib u te d fo r su b w a y s .
l-'icc ’F raction Co
V 85 p 1 5 9 . T h e rem ain in g $2,5 0 0 ,0 0 0 Is to be u sed In T h e c o m p a n y agrees to lo w e r a n d r e c o n s tru ct th e tu n n els u n d er th e
co m p le tin g r o a d °t o L a fa y e tte . P riv a te rig h t o f w a y o u ts id e o f to w n s.
C h ica g o R iv e r at W a s h in g to n , La Salle an d V a n „ B u r c n - s *re e t? ,v .? ? k®
S ’F o C K A N D B O N D S —
D a te.
Interest.
O utstanding.
M a tu rity
o r d in a n c e requires th ro u gh ro u tin g o v e r certa in Hnes ol^ t lie T5 ^ 1?,a* 2
C ltv R v . Co. a n d the e x ch a n g e o f transfers w ith th a t c o m p a n y . T h e lines
o f the C h icago C ity R y . C o. c o v e r w h a t Is k n ow n as the S o u th S ide or Chi
^ ‘ r o a d ?1— T h o*C ll?cago0Ele’c"trlc7T r a c tlo n o p e ra te d ^ ’i^ m ffc ^ o f tra ck fro™
c a g o , and th e lines o f th e C h ica go R w y s . C o . the N o rth and W e s t S ides.
63 d S t. to B lu e Isla n d and H a r v e y . T h e new c o m p a n y O c t. 1007 c o m p le te d
E le v e n
F e b ., 1 9 0 9 .]
E L E C T R IC
Right to P u rcha se by C ity .— U n der the term s o f the fra n ch ise, the co m p a n y
has agreed to w a iv e all rights u n d er p re v io u s gran ts, an d has granted the
c it y an o p tio n t o pu rch ase all o f Its p r o p e r ty fo r m u n icipa l op e ra tio n at
a n y tim e prior t o the e x p ira tio n o f the 2 0-year fra n ch ise granted the c o m
p a n y b y the ord in a n c e . T h e p rice to he paid b y th e c ity to be $ 3 0 ,
7 7 9 ,8 7 5 , th e v a lu a tio n o f th e pro p e rtie s F e b ru a ry 1 1907, as a b o v e m e n
tio n e d , plus all e x p en d itu re s a fte r th a t d a te fo r re co n s tru ctio n , e x t e n
sion s and a d d ition s to th e pro p e rtie s. In clu din g a n y a m o u n ts ad v a n ce d to
th e c it y fo r con stru ction o f su b w a y s In the d o w n to w n business d istrict.
In case the p r o p e r ty shall n o t be p u rch a se d , as a b o v e s ta te d , p rio r to 1027,
the ex p ira tion o f the present fra n ch ise, the c it y co v e n a n ts th a t It w in n ot
th en gran t a fra n ch ise to a n y o th e r co r p o r a tio n fo r the o p e ra tio n o f a c o m
p e tin g system In th e c o m p a n y ’ s te r rito r y , unless such o th e r co rp o ra tio n
shall pu rch ase the p ro p e rty o f the c o m p a n y at said p rice .
The c ity also
has the o p tio n o f requiring the c o m p a n y to sell Its p r o p e r ty to a n y otn er
licensee co r p o r a tio n o f the c it y , o r to purch ase the p ro p e rty Itself fo r m u n ici
pal ow n ersh ip (w ith n o requ irem en t as to m u n icipa l op eration ) a t a n y tune
d u rin g the life o f th e fra n ch ise; b u t In case o f such purchase b y th e city
o r a lic e n s e e ,th e price t o be paid shall be 2 0 % m ore than the price a b o v e
m e n tio n e d .
In a n y ev en t (1) the p urchase price m u st be paid in cash ana
d e p o s ite d In n ation a l or S tate b a n k s, e a ch o f w h ich m ust have a capital
and surplus o f a t least S I ,0 0 0 ,0 0 0 ,and m u st be a p p ro v e d b y the com pany ,
a n d the 11rst m ortg a g e b o n d s o f the c o m p a n y w ill a tta ch to su ch cash as a
first lien In the e v e n t of s u ch purch ase; o r (2) such p urchase (If m ade w ithin
said 20 years) m ust be co n s u m m a te d e x p re ssly s u b je c t to the lien or t n c i s i
m tg . b o n d s, b u t If m ade at the e x p ir a tio n o f said 2 0 y e a rs,th e a m ou n t t i m e d
m u st also b e so paid In cash .
,
. , . . Com pensation to C itu .— T h e c o m p a n y is entitled to a straigh t 5 -cen t rare,
w ith u n iversal transfers.
In turn p ro v isio n Is m ade fo r special com pe,nsatlo n t o the C ity o f C h ica go, b u t this co m p e n sa tio n Is Payable 1o n ly o u t oi
th e surplus earnings of the c o m p a n y a fter p a yin g o r Pro\ Idlng fo r all o p
era tin g ex p en ses. Inclu din g the charges fo r m ain ten an ce and d e p r e cl a *1° 1>
p rescrib ed in the o rd in a n ce , and 5 % u p o n the v a c a t i o n o f th e c o m p a n y s
p r o p e r ty at w h ich It m a y b e p u rchased b y the c lt ^
m h h lclpa l o p e ra tio n ,
as a b o v e s ta ted . O f the surplus earnings so rem ain in g , the C ity o f C h icago
receiv es 5 5 % and the c o m p a n y 4 5 % .
___
C on trol bu T r u s te e s — T h e trust Indenture secu rin g th e p a rticip a tio n
cer tific a te s n ro v ld e s th at until A u g . 1 191 2, and to the full e x te n t thereafter
w h ich m a v b e 'p e r m itte d b y law until all o f the co n s o lid a te d m o r tg a g e b o n d s
of t h e X S a ^ r t a T b e W
paid “ " d
pnm nanv
ho elected tav M essrs. A . C. 13cirtlctt, Cn<iuiiccy K c c p i L n ftiics
H lfu lb u d A lb e r t A S prague and Charles G . D aw es o f C h ic a g o , an d p r o
v is io n Is m a d e In the trust d eed secu rin g the 1st m tg e . b o n d s fo r th e a p p o in t
m en t o f a perm an en t finance c o m m itte e , co m p o s e d o f M essrs. H e n ry A . B lair,
C h a u n oev K e e n and B . A . E ck h a rt o f C h ica g o .
., , „
M a tu rity
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
See
text.’
See te x t.
S t o c k , $ 1 0 0 ,0 0 0 ...........................
$ 1 4 ,000 ,00 0 F e b 1 1927
1997
5 F -A
C ollateral n otes, $ 5 0 0 ,0 0 0 --------- 1908
5
4 9 3 ,0 0 0
1913
A few r e c e iv e r s ’ car tru st c e rtifica te s rem ain o u ts ta n d in g fo r the tim e
b e in g , as fo llo w s ;
_____„ „
R e c Car T ru s t cer tific a te s ------- 1906
6
$222,000
1909-10
S tock.— T h e c a p ita l s to c k o f th e c o m p a n y , w h ic h Is Issued In the n om in al
a m o u n t o f $ 1 0 0 ,0 0 0 . has been m a d e the s u b je c t o f a trust ag re e m e n t dated
A u g . 1 1907, and e x e cu te d Ja n . 25 1908, b y an d betw 'een th e C h ica go R a il
w a y s C o. and M essrs. A d o lp h u s C . B a rtle tt C h a u n ce y K e e p , Charles II.
I lu lb u r d , A lb e r t A . S pragu e an d C harles G . D a w e s, as d e p o sita rie s, and
C en tral T ru st C o m p a n y o f N ew Y o r k , as c u s to d ia n .
U n d e r this agreem en t
th e s tock serves as a basis fo r the Issue o f th e particip a tion certificates.
rep resen tin g In all 265 ,100 equ a l p a rts . Scries 1 co n sists o f 30,8 0 0 p a rts .
Series 2 o f 124,300 p a rts, Scries 3 o f 6 0 ,0 0 0 parts and S e r le s 4 o f 50,000 parts
Series 1, 2 and 3 are en title d , In the o rd e r o f p r io rity n a m e d , to cu m u la tiv e
d iv id e n d s o f $8 fo r each p a rt, b e g in n in g w ith y e a r e n d in g A u g . 1 1908, a n d In
th e d is trib u tio n o f ca p ita l to $100 fo r each said p a r t. Series 4 Is en title d
to a n y rem ain in g p rofits o r c a p ita l d is trib u te d . V . 8 5 , p . 1269.
D iv id en d s on p a r ticip a tio n c e rtifica te s Series 2 arc lim ite d t o $4 o n each
ce r tific a te ($497,022 16 fo r the series) so lo n g as m o re than 5 0 % o f Series C
b o n d s rem ain ou ts ta n d in g , and th e re a fte r t o $5 p er ce rtifica te ($621.277 70
fo r th e scries) u n til the re m a in d e r o f Series C b o n d s h a ve been re d e e m e d .
S eries 2, h o w e v e r . Is e n tltie d to u n p aid a c c u m u la tio n on a c c o u n t o f its $8
p e r ce r tific a te (b eg in n in g w ith th e y e a r e n d in g A u g. 1 1 9 0 8 ) , b u t o n ly
w h en ea rn ed an d a fter p a y m e n t o f all a ccu m u la tio n s o f sin k in g fu n d a n d
o f d iv id e n d s on Series 1 , . ,
, ,
, ,
B on d s.— First m tg e . b o n d s are Issued o n ly to p r o v id e fu n d s fo r r e h a b ili
t a tio n , ex ten sion s, & c. T h e y m a y be redeem ed at par and a ccru ed interest
on a n y Interest d a y . T h e b o n d s h ave a first Hen o n th e en tire p r o p e r ty ,
rig h ts and franchises o f the c o m p a n y . T h e a u th orized Issue Is lim ited to
the a ggregate o f the a m o u n ts a p p ro v e d fro m tim e to tim e b y th e board o f
s u p erv is in g engineers; the llrst Issue o f $ 5 ,0 0 0 ,0 0 0 w as pu rch ased b y N . u ■
H arris & C o and the N ational ( ’ U v Hank o f N ew Y o r k : In \ C v 1908 sam e
p a r tie s pu rch ased an a d d itio n a l $ 3 ,0 0 0 ,0 0 0 . an d In Ja n . 1909 th e y p u r
ch a s e d $ 6 ,0 0 0 ,0 0 0 m ore. V . 86, p . 284 , 1409; V . 8 8 , p. 374 . S ee full p ar
ticu la rs o f b on d s, p r o p e r ty , A c ., In V . 86, p. 545.
T )i(. co n s o lid a te I m •rurage <" nslsrs < i Series A far $ 1 8 ,6 9 0 ,0 0 0 , Series B
f o r $ 1 7 ,1 9 4 ,0 0 0 a n d Scries C fo r $3,5 9 3 ,8 4 4 (o rig in a lly $ 4 ,0 0 0 ,0 0 0 . b u t
r e d u c e d to tills a m ou n t b y sin kin g fu n d ), m a k in g $ 39 ,387 ,84 4 to g e th e r.
S eries O b o n d s h a ve sinking fu n d o f $25 0,00 0 p e r a n n u m , If ea rn e d , b e g in
n in g A u g. 1 1908, bu t c u m u la tiv e until p a id . O f th e Series A b o n d s, $ 1 7 ,
900 000 h a ve been Issued, o f w h ich $ 8 ,6 3 4 ,8 0 0 are ou tsta n d in g In han ds o f
p u b lic , $ 6 ,7 6 7 ,2 0 0 are d e p o s ite d as collateral fo r the $5,0 0 0 ,0 0 0 6 % 5-y e a r
’ ’ c o lla te r a l” n otes and $ 1 ,6 6 6 ,0 0 0 fo r the 5-y e a r 6 % $1,2 0 0 ,0 0 0 'fu n d in g
n otes ” also $832,000 as se c u r ity to $49 8,00 0 5 % n o te s. See particu lars
V . 86 p . 1223.
B on ds o f 3 series b e a r Interest a t 4 % until F e b . I 1912
a n d 5 % th e re a fte r, b u t b o n d s o f Scries A, held b y tru stees o f n o te s , beatfu ll 5 % fro m d a te o f Issue.
B oth th e “ co lla te r a l” an d " fu n d in g
n otes
a re red e e m a b le on F e b . 1 1911 o r a n y Interest (late th e re a fte r— th e c o l
la te ra l” n otes a t p ar an d Interest a n d th e “ fu n d in g n otes a t 101 an d ln t.
^ D I V I D E N D . — An Initial d iv id e n d o f 4 % w as paid N o v . 15 1908 o n Series 1
p a r ticip a tio n ce rtifica te s .
R O \r>. —C om prises 3 16.446 m iles o f tr a c k , se rv in g th e N orth and W est
sid es o f the c it y .e x clu s iv e o f m ileage o f C h icago C on so lid a te d T r a c tio n .
E Q U I P M E N T .— F eb . 1908 e q u ip m e n t con sisted o f 1,175 single and
d o u b le -tru ck m o to r cars and 343 single and d o u b le -tru ck trail cars.
I nor
to F eb . 1 1911 c o m p a n y m ust p ro v id e 1,200 d o u b je -tru ck closed cars o f
m o d e rn t y p e sp ecified In fra n ch ise o rd in a n c e . 650 ' p a y -a s -y o u -e n te r
cars h a v e been ord e r e d , o f w h ich 300 had be e n d e liv e re d up to 1-el). 1909.
R E P O R T .— F o r years e n d in g J a n . 31 (last tw e lv e d a y s o f Ja n . 1909
e s t im a t e d ):
G ross
30% of
l n t ., 5 %
B a la n ce
— Of W h ich to—
In com e.
G ross.
on I n v .
D iv isib le. C i t y ,5 5 % .C o .,4 5 %
1908-9 $1 0 ,9 9 1 ,8 0 7 $3,2 9 8 ,4 1 2 $1,7 4 0 ,0 7 4 $ 1 ,5 5 8 ,3 6 8 $ 8 5 7,10 2 $701,266
1 9 0 7 -8 . 10,560.572 3 ,1 6 8 ,1 7 2
1 ,566,159
1.602,013 881 ,1 0 7
720 ,906
O F F I C E R S .— C h airm an B o a rd o f D ire cto rs . H e n ry A . B lair; P re s .,
D efa u lt on U nderlying B o n d s.— D e fa u lt o c c u r re d o n b o n d s o f s u s b ld la ry
c o m p a n ie s as b e io w .
,
,
. . ,
R eceivers' C ertificates.— O n D e c. 2 th e r e ce iv e rs w ere a u th o rize d t o issu e
$ 2 0 0 ,0 0 0 r e c e iv e r s ’ certificates f< r re h a b ilita tio n w o rk o n th e C icero &
P r o v is o b r a n c h .
V . 87, p . 1477.
STOC K A N D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity S t o c k . $ 1 5 ,0 0 0 ,0 0 0 ................................
- .............
$ 1 5 ,0 0 0 ,0 0 0 - - - - - - - - -
First m o r tg a g e , g o ld , $ 6 ,-J 1899
4 /4 J -D
6 ,7 5 0 ,0 0 0 D e c 1 1939
7 5 0 ,0 0 i i .. _____ _
___(C e n .ra l T ru s t C o ., N . Y .. (new ) T r -s t e e .
------------2 0 0 ,0 0 0
1910
R e c e iv e r s ’ ce rts ($ 2 0 0 ,0 0 0 )
1908
T h e b o n d s fo r $ 6 ,7 5 0 ,0 0 0 w ere g u a ra n te e d , p rin cip a l and Interest, b y th e
C h ica go U n io n T r a c tio n . T h e C h ica go C o n so lid a te d T r a c tio n w hen It w as
org a n ize d assum ed th e b o n d s o f th e c o n s titu e n t c o m p a n ie s (w h ich It agreed
to gu aran tee) and also th e lease o f th e C h ica g o N o rth S h ore S treet R a ilw a y ,
u n d er w h ich 6 % d iv id e n d s are p aid on th e $65 0 ,0 0 0 s to c k o f th e la tte r .
T h e s ta te m e n t t o th e N ew Y o r k S to c k E x ch a n g e u n d e r d a te o f M arch 27
1899 sh o w e d th a t th e m o rtg a g e In debtedn ess o f th e co n s titu e n t c o m p a n ies
assum ed a g gregated $ 6 ,0 8 5 ,0 0 0 . In clu d in g th e $65 0 ,0 0 0 s to c k o f th e C h ica g o
N orth Sh ore S treet R y .
B elow Is th e d e b t o f tb e c o n s titu e n t co m p a n ies
o f w h ic h th e C o n s o l. T r a c . o w n s $17 4,00 0 b o n d s o f O gden S t. R y .. $52 ,000
o f C icero A P r o v is o S t. R y . and $1,000 C h lca o & Jefferson U rb an T ra n sit.
O B L I G A T IO N S O F S U B S I D I A R Y C O M P A N I E S .
B on d h old ers’ Com m ittee.— A c tin g o n the re c o m m e n d a tio n o f J u d g e G rossc u p ( V . 87, p . 141 9), a b o n d h o ld e rs ’ p r o t e c tiv e c o m m itte e w as fo rm e d In
N o v . 1908 t o p r o t e c t the Interests o f th e fo llo w in g b o n d s: C h ic. E le c. T r a n s .,
E v a n s to n E le c ., N orth Side E lec. S t ., N o rth C h ic. E le c , an d C h ica go N o rth
S h o re L t .
V . 8 7 , p . 1477; V . 8 8 , p . 99.
C h ic a g o E lectric T ra n sit.
D efa u lt.— D e fa u lt In p a y m e n t o f Interest o n b o n d s o c c u r re d F e b . 1 190 9.
BONDS—
D a le .
In terest. O utstanding.
M a tu r ity .
1st m tg e , n o o p t io n ( $ 1 , 0 0 0 ) .. 1894
0 F -A
$ 1 ,0 9 7 ,0 1 0 A u g 1 1 9 1 4
In terest Is p a y a b le at o ffic e o f tru ste e , th e Illin ois T ru st A S av in gs B a n k .
T h is m o rtg a g e p r o v id e d fo r th e Issue o f $ 2 ,0 0 0 ,0 0 0 b o n d s at n o t e x c e e d in g
th e c o s t o f Im p ro v e m e n ts, e x te n s io n s , A c ., an d fo r a d d itio n a l b o n d s at n o t
a b o v e 7 5 % such c o s t.
V . 87, p . 1477; V . 8 8 , p . 99, 374 .
C h ica g o & Jeffe rso n U rban T r a n sit.
D efa u lt.— D e fa u lt o n b o n d s o c c u r re d N o v . 1 1908.
D a te .
In terest.
O utstanding.
M a tu r ity .
1st m o r t g a g e _________________ f 1895
6 M -N
$20 8 ,0 0 0 N o v 1 1915
I
In te re st at C h ica go o ffic e .
T h e 1st m tg e . w as fo r $ 2 ,0 0 0 ,0 0 0 b u t a d d itio n a l b o n d s to be Issued f o r
e x te n s io n s , A c . T r u s te e , Illin ois T r u s t & S av in gs B a n k . V . 86, p . 1159;
V . 8 7 , p . 1299.
C icero & P r o v is o Street R a ilw a y .
D efa u lt.— In te r e s t on b o n d s w as d e fa u lte d N o v . 1 1908. P r o t e c t iv e
c o m m it t e e fo r m e d . V 87, p. 1478; V . 8 8 , p . 100.
D a te .
Interest.
O utstanding.
M a tu r ity .
C on sol m tg e , $ 2 ,5 0 0 ,0 0 0 , g o ld ) 1895
5 g M -N
$ 2 ,0 0 0 ,0 0 0 M ay 1 1 9 1 5
( $ 1 , 0 0 0 ) _______
_________ /I n te r e s t at 111. T ru st & S av in gs B a n k ,T r u s te e .
$50 0,00 0 o f th e b o n d s w ere reserved fo r Im p ro v e m e n ts a t n o t e x c e e d in g
7 5 % Of c o s t .
V . 8 6 , p . 1159; V . 87, p . 130 0, 1478; V . 88, p . 100.
Ogdcn Street R ailw ay.
A b o n d h o ld e r s ’ c o m D efa u lt.— In te re st d u e N o v . 1 1908 w as d e fa u lte d ,
m lt t e c has b e e n fo rm e d . S ee V . 87, p . 1605.
D a te.
In terest. O utstanding.
M a tu r ity .
1st m o r tg a g e ($ 1 ,5 0 0 ,0 0 0 )___f 1896
6 M -N
$7 5 0 ,0 0 0 M ay 1 1916
(T r u s te e Is Illin ois T ru s t & S a v in gs B a n k .
T h e supplem en tal m o rtg a g e , e x e c u te d Ja n . 22 1898, lim its th e Issue o f
b o n d s t o $ 1 ,5 0 0 ,0 0 0 . A d d itio n a l b o n d s (b e y o n d th e $75 ,000 o u t) can be
Issued o n ly fo r 7 5 % o f th e c o s t o f new c o n s t r u c tio n . V . 86, p . 1160; V . 87.
p . 1301, 1605.
Evanston Electric.
D efa u lt.— D e fa u lt occu rre d In p a y m e n t o f Interest on b o n d s F e b . 1 1909.
D a te.
Interest. O utstanding.
M a tu r ity .
M tge fo r $ 1 ,0 0 0 ,0 0 0 , c u r r e n c y ____
6 F -A
$ 1 3 0,00 0 A u g 1 1916
— V . 87, p . 1478, 374.
J ° I N I ) E X V h 8 6 , p . 51, 167, 228, 284 , 420, 545, 602, 856, 1039, 1159,
1223 128 1, 1409. 1529; V . 8 7 , p. 677, 101 0, 1159, 1237, 1299, 1357, 1419,
1532; V . 88, p . 52, 99, 158, 294 , 374 , 4 5 1 ,5 0 4 .
(1)
C h ic a g o C on solid a te d T r a c tio n .— E le ctric ro a d s.
T h e C h ica go R a ilw a y s C o . Is u n d e rs to o d to o w n all b u t $28,.>00 o f the
$ 1 5 ,0 0 0 ,0 0 0 s to c k o f the C h ica g o C o n so lid a te d T r a c tio n C o.
O R G A N I Z A T I O N .— T h e C h ica go C o n so lid a te d T r a c tio n w as orga n ized
In F e b . 1899 t o u n ite the su bu rba n lines o f N o rth C h icago an d W est C h ica g o .
( V . 6 8 , p . 7 6 9 ).
,
. . . .
,
D efault
T h e c o m o a n v fiofaulrerl Jun e 1 In th e p a v m e n t o f the sem i
a n n u a l ln t. on Its $ 6 ,7 5 0 ,0 0 0 4 14% g e n 'l m tg e . b o n d s. V . 86, p . 1409.
F o r b o n d h o ld e rs ' p r o te c tiv e co m m itte e s , see V . 86, p . lo 2 8 , an d V . 87, p .
165, 34 6 , 1357; V. 88, p . 293 , 374 .
„ ,,
,
S u it .— O n N o v . 17 1 9 0 8 a g e n ’ l m tg e . b o n d h o ld e rs c o m m itte e b r o u g h t
s u it to h o ld th e C h icago R y s. C o ., as su ccessor o f the C h icago U n ion T ra c.
C o ., lia b le fo r th e la tte r ’ s gu a ra n ty o f prin . an d lnt. on $ 1 ,2 0 0 ,0 0 0 generals,
r e p re s e n te d b y the c o m m itte e .
V . 87, p . 1357.
_
n n
R eceiversh ip.— On Jun e 25 1908 J u d ge G rosscu p a p p o in te d D a v id R
____ _
vr D / aoMi Prps n f nn m n an v rpr»(‘lvprx In fo re clo su re sill I
s c f s s &
W
T a ? .
s t a n a r ” 1" * c"uaa°
27
R A IL W A Y S
c°~ •
North Side Electric Street R ailw ay.
D efa u lt.— D e fa u lt in p a y m e n t o f Interest o n b o n d s o c c u r re d N o v . 1 1908.
D a te.
Interest. O utstanding.
M a t u r it y .
6 M -N
$ 1 5 5,00 0 N o v 1 1915
1st m o r tg a g e , c u r r e n c y .......... I 1895
(T r u s te e , 111. T r u s t & S a v . B a n k , C h ica g o .
In terest Is p a y a b le a t C h ica go o ffic e o r th e fiscal a g e n c y .
T h e m o r tg a g e
p ro v id e s fo r th e Issue up t o $ 1 ,5 0 0 ,0 0 0 at n ot e x c e e d in g th e c o s t o f c o n
str u c tio n ; fu rth er b o n d s can be Issued at 75 % o f c o s t o f e x te n sio n s an d
Im p ro v e m e n ts. V . 86, p . 1160; V . 87, p . 1301, 1479.
North Chicago Electric R ailw ay.
D efa u lt.— D e fa u lt In p a y m e n t o f in terest o n b o n d s o c c u r re d F e b . 1 1909.
D a le.
Interest. O utstanding.
M a tu r ity .
1st m t g e , $ 1 ,0 0 0 ,0 0 0 ($1,0001 1S94
6 F -A
$868,001) A u g 1 1914
n it s u b je c t to call) _______ /I n t e r e s t at Illin ois T ru s t (tr u s te e ). C h ic a g o .
Chicago & North Shore Street R ailw ay.
D a te.
Interest. O utstanding.
M a tu r ity .
C a pital s t o c k , 6 % _________ _________6Q J
$65 0,00 0
S ee te x t
1st m o r tg a g e ,
$1,500,000 ,1 1894
6 g A -O
6 7 a , 0 0 0 A p ril 1 1912
t r o l d ___
_______________c * /S u b J e c t t o call at 105 a n y A p ril 1 a fte r 19<)a.
T h e b o n d s are gu aran teed b y en d o rse m e n t b y th e N o rth C h ica g o E le c tr ic
R v ., an d th e s to c k Is gu aran teed 6 % p e r a n n u m b y th e sa m e c o m p a n y ,
w h ich has been p a id to d a te .
. „
,
J
,
Interest Is p aid In N ew Y o r k b y C hase N a tion a l B a n k an d In C h ica g o at
Illin ois T ru s t A S av in gs B a n k . T ru ste e . V . 8 7 , p. 1478.
R E P O R T o f C h icago C o n s o lid a te d T r a c tio n fo r yea rs e n d in g A u g . 31
(V . 8 5 , p . 1003):
1 90 3-0 4.
1004-05.
1905-06.
1906-07.
$1,468,631
$1,6 0 5 ,7 9 8
$1,8 3 3 ,5 5 9
$ 1 ,9 5 1 ,2 7 0
G ross ea rn in gs_________
1 ,223,182
1,123,301
1,314,409
1,6 6 7 ,8 6 9
O p e ra tin g e xp en ses —
N e t e a rn in g s---------O th er In c o m e ..............
$283,401
82,452
$519,150
82,881
$482,497
82,152
$24 5,44 9
80.342
T o ta l In c o m e _________
$36 5,85 3
$602,031
$ 5 6 4,64 9
$325,791
R O A D .— T h e p ro p e rty e m b ra ce d In th e c o n s titu e n t co m p a n ie s con sists
o f 183.14 m iles o f sin gle-track e le ctric street r a ilw a y , lo ca te d in th e C ity o f
C h ica g o , th e tow n sh ip o f C icero and th e c it y o f E v a n s to n , all In C o o k
C o u n ty . T h e lines ex te n d o v e r th e en tire n o r th , n o r th w e st, w est and
so u th w e st s ection s o f th e C ity o f C h ica g o , and c o n n e c t a t th e ir re s p e c tiv e
term in al p o in ts w ith the lines o f the C h ica go R a ilw a y s C o ., o v e r w h ich
passengers are carried o rig in a tin g on the lines o f th e C o n s o lid a te d T r a c t io n ,
an d v ic e versa .
R a lls arc Jo h n sto n -glrd e r, 75 t o 8 5 -lb s .; ga u g e, 4 f t. 8 /4 In.
E Q U IP M E N T — 112 b o x m o to rs and 120 o p e n m o to rs.
O F F I C E R S .— P res., J oh n M. R o a ch ; A sst. S e c ., F . E . S m ith ; A sst. T rea s.
M. B . O rd c. T ran sfer and G eneral O ffice s . 45 W a ll S t .. N . Y . . and 444
N o rth C lark S t ., C h ica g o .— V . 88, p . 1159, 1284, 1409, 1466, 152 8, lo 8 9 ;
V . 87, p . 165, 346 , 414, 1299, 1357, 1419, 1477; V . 88, p . 99, 293 , 374 .
G E N E R A L E L E C T R IC R A I L W A Y .
O R G A N I Z A T I O N .— O n Ja n . 18 1896 o b ta in e d a 2 0 -ye a r fra n ch ise fo r a
system o f lines fro m th e D e a rb o rn S ta tio n , so u th on P ly m o u th an d C u stom
H ou se P laces, and D earborn S tre e t t o 22d S tre e t, co n n e c tin g a t 18th S treet
w ith the R id lw a y s C o ., at A rch e r A v e n u e w ith the C h ica g o C ity R y . .
an d at 22d S treet w ith the C h ica g o G eneral R y ., an d In 1-ebruary 1897
a d d itio n a l fra n ch ises w ere g ra n te d , w h ich , to g e th e r w ith th e firs t-n a m ed ,
c o v e r 56 m iles o f tr a c k .
Is In o p e ra tio n fro m D earborn S ta tio n s ou th to
22d S t ., e m b ra cin g 2 /4 m iles o f single tra ck . T h e c o m p a n y has agreed to
p a y the c it y 5 % o f gross fo r se co n d five yea rs o f fra n ch ise, 7 /4 % fo r th ird
five years and 1 0 % fo r last five years.
STOC K A N D B O N D S.
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k $ 5 ,0 0 0 ,0 0 0 ---------------------- ........................- - - - -
O c t . 1916.
First m o rtg a g e gold ............... / 1896
5 g A -O
a b t. 500 ,000
1 In terest at M orton T ru st C o .. N ew Y o r k .
M ortg age authorizes a first Issue o f $ 3 ,0 0 0 ,0 0 0 , th en $ 2 ,0 0 0 ,0 0 0 for ex-
iss
co-- Cuc“ na
28
E L E C T R IC
O F F I C E R S .— P r e s ., C ecil P a ge; S ec. an d T r e a s ., J o s. D . G o o d m a n
C h ica g o .
O ffic e , 356 D e a rb o rn S tre e t, C h ic a g o .— V . 66, p . 1188.
’
C H IC A G O & O A K
PARK
ELEV A TED
RY
O R G A N I Z A T I O N .— T h is c o m p a n y w as In co rp o ra te d In N ew Jersey on
A p ril 22 1004 t o h old th e securities o f th e C h ica g o & O ak P a rk E le v a te d
R ailroad C o ., fo r m e r ly th e o ld L a k e S tre e t E le v a te d R R „ reorgan ized ner
p la n In V . 7 7 , p . 1874; V . 78, p. 1392.
B esides $ 9 ,1 4 9 ,6 4 2 s to c k an d $864 100 in c o m e b o n d s , also h o ld s $ 1 ,6 0 8 ,5 0 0 n o te s o f th e C h icago & O ak P a rk
E le v a te d R ailroad C o. Issued b y th a t c o m p a n y fo r lo a n s m a d e to it b v the
R a ilw a y C o . T h e old L a k e Street $ 1 0 ,0 0 0 ,0 0 0 o f c o m m o n s to c k p aid an
a ssessm en t o f $2 p er sh a re , a n d r e ce iv e d $4 In n e w preferred an d $40 in new
c o m m o n s t o c k fo r ea ch share o f o ld s t o c k . In c o m e b o n d h o ld e rs receiver!
8 0 % In n ew p referred s to c k .
STOCK A N D ^O N D S—
D a te.
In terest. Outstanding.
M a tu rity
*5 65s 100
llu t u r l l VC o m m o n , $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 )..................................
3 ,0 4 5 ,7 0 0 .......................
P r e f, $ 3 ,2 0 0 ,0 0 0 , 5 % n - c , ($ 1 0 0 )................................
L a k e S t E l 1st M , $ 5 ,0 0 0 ,0 0 0 ,f 1893
5 J-J
5,000 000 J u " lv 'V i
g u a r b y N W E l ...................... A m e rica n T ru st & S a v ! B a n k , C h ica g o , a n d
_ .
.
,
l C en tral T ru st o f Illin ois, C h ic ., T rustees
D e b n o te (C & O P E l R R ) ------- 1904
2
3 5 0 000 Jan
1 innn
N o te s p a y a b le D e c 31 1 90 7........................... ..
715 4 7 5
1 1000
“ se n t,n e t o re organ ization w e re 's ta m p e d
s u b je c t t o call a t 105 a n d Interest o n a n y Interest d a te . T h e dehen M im
n o t e w as Issued b v th e C h ic. & O a k P a rk E l. R R . fo r th e cla im o f th e N o rth
W e s te rn E le v a te d R R . , a m o u n tin g t o $ 7 7 0 ,0 8 5 , an d Is guaran teed h v f i n
C h ic . & O ak P a rk E l. R y .; It w as still o u t s t a n d in g F e b .’ 1 1909
T h e o ld
in c o m e b o n d s , w it h th e e x c e p t io n o f a b o u t $ 14 0,00 0, arc held In th e treas
u r y o f th e r a ilw a y c o m p a n y .
R O A D .— O w ns a d o u b le -tra ck e le v a te d r a ilw a y fro m F ifth A v e n u e and
L a k e S treet t o 52d S t. a n d L a k e S t ., w ith spur d o w n M arket S t. t o M a d ls o n
S t.
C on n ects w ith S u b u rb a n R R . fo r t r a ffic o u ts id e th e c it y . V 65 n 2 3 6
T ra in s b ega n ru n n in g aro u n d th e lo o p In O c t . 1897. C h ic. & H arlem fo rm s
an e x te n s io n c o m p r is in g 4 m iles m o re o f d o u b le tr a c k . T o ta l single t r a c k ,
22 miles*
*
R E P O R T .— F o r yea rs e n d in g Ju n e 30 fo r R ailroad C o.;
P a ssen ger ea rn in gs........................... .......................................... $S6°>°867
O th er ea rn n gs..................................................................
19,376
$863°637
23,146
-$ 8 8 9 ,2 4 3
- 527,180
$886,783
505,539
-$ 3 6 2 ,0 6 3
3.326
$381,244
3,772
-$ 3 6 5 ,3 8 9
- 429,334
385 016
425,072
d e f.$ 4 0 ,0 5 5
O F F I C E R S .— P r e s ., C laren ce A . K n ig h t; V . - P . , K e n n e th K . M cL arenS e c. an d T r e a s ., W illia m V . G riffin , 1117 M e rch a n ts' L o a n & T ru st B ld g ’
C h ic a g o .— V . 8 4 , p. 2 1 8 , 569 , 996; V . 8 6 , p . 337.
L O O P R O A D .—
See U n io n E le v a te d .
M E T R O P O L IT A N W E S T S ID E E L E V A T E D R Y —
A n e le ctric r o a d .
O R G A N I Z A T I O N .— O rga n ized In Illin ois Ja n . 16 189 9. S u ccessor on
F e b . 3 1899 (p er p la n in V . 67, p . 126) t o th e R ailroad C o. sold u n d er fo r e
closu re o n Jan . 4 1899. I n J u ly 1905 re fu se d t o a c c e p t c it y ord in a n ce p er
m ittin g It t o c a r r y express m a tte r a n a m ilk . V . 8 1 , d . 508.
F ran ch ise
exp ires A p r . 7 194 2. V o t in g tru st e x p ire d F e b . 1 1904. V . 7 8 , p 3 4 3 .
STOCK A N D BO N D S—
D a te.
In terest. Oulstand'g. M a tu rity & c
C o m m o n , $ 7 ,5 0 0 ,0 0 0 .......... ...........................................
$ 7 ,4 6 4 ,1 0 0
U‘
'
P r e f, 5 % n o n -c , $ 9 ,0 0 0 ,0 0 0 --------------Q -M 30
8 ,7 0 7 ,9 0 0 Sept 3 6 ’ o W
1st m tg , $ 1 0 ,0 0 0 ,0 0 0 ($1 ,0 0 0 ) f 1898
4 g F -A
1 0 ,0 0 0 ,0 0 0 A u g 1 1 9 3 8
g o l d .......................................... c* { C en t. T ru st C o ., N . Y . , an d G . S h erm an T r
l In terest a t C en t. T ru st C o ., N .Y . an d C h ic '
E x t.
m o rtg a g e , $ 5 ,0 0 0 ,0 0 0
1901
4 ? J -J
^ 4 ,0 1 7 ,0 0 0 J u ly 1 1 9 3 8
($ 1 ,0 0 0 ), g o ld , red. a t 105 N o rth e rn T ru st C o ., C h ica g o , T ru ste e !
o n a n y Interest d a y o n 4 In te re st a t c o m p a n y ’s o ffic e In C h ica g o , o r
w eek s’ n o t i c e ___________ c*
C entral T ru st C o ., N ew Y o r k
8
C ol
g old
bonds
($ 1 ,0 0 0 ).
1906
5 g A -O
4 0 0 ,0 0 0
See t e x t
See rem arks
. In t. a t M erch . L o a n & T r . C o .. C h ic T ru stee
T h e ex te n s io n m ortg a g e o f 1901 c o v e r s th e e x te n sio n as a 'fir st lien
also 6 8 ca rs, a 3 ,5 0 0 H P en gin e a n d th e new d o w n -to w n term in al- th e
b o n d s also c o v e r th e rest o f th e p r o p e r ty as a s e co n d lien sn h ie ct tn th e
$ 1 0 , 0 0 0 , 0 0 0 first m tg e. V . 72, i). 1080; V . 75 p 2V V ’ 8 # n 1
_______ 1 . 1 ____ , - ,, __ ‘ L _ „
I •
» • 110U.
a t th e ra te o f $7 5 ,0 0 0 b o n d s fo r each $50 ,000 o f present Issue
T hev
red eem a b le o n a n y Int. d a y o n 30 d a y s ’ n o tice a t 101 and ln t V 84 n 1 1 1 4
H as g u a ra n teed $ 40 7,00 0 b o n d s o f U n io n C on solid a ted E le v a te d ’
T h e fiscal y e a r w as ch a n g e d In 1906 to end D e c. 31 Instead o f Fch
1908 rep '-rt w ill b e fo u n d In V . 8 8 . p . 449. F igures below c o v e r the calen dar
years 1 9 0 8 ,1 9 0 7 , 1906 and 1905.
caien aar
1908.
1907.
1906.
1905.
P assen gers c a r r ie d _____ 51 ,5 8 7 ,6 6 7
54,280,888
49 ,7 7 1 .8 1 2 4 5 ,358,843
P a ssen ger ea rn in g s______ $2,64 3 ,6 3 5
$2 ,7 7 8 ,5 9 7
$ 2 ,545,136
$2,312,418
M is c e lla n e o u s ___________
103,205
99,991
92,766
89,864
G ross ea rn in g s_______
O p e r a tin g e x p e n s e s ____
$2 ,7 4 6 ,8 4 0
1,410,801
$ 2 ,878,588
1 ,4 4 3 ,4 9 9
$2,63 7 ,9 0 2
1,290,359
$2,40 2 ,0 5 2
1,159,192
N e t ea rn in gs__________ $1 ,3 3 6 ,0 3 9
O th er In c o m e ___ _______
10,126
$1,43 5 ,0 8 9
6,820
$1,347,543
16,665
$ 1 ,242,860
11,450
T o t a l ............... ................ $ 1 ,3 4 6 ,1 6 5
D ed uct—
R en ta ls ................. .........
$29 4,99 5
T a x e s , & c ....................
197,736
I n t e r e s t ___________
592 ,019
$1 ,4 4 1 ,9 0 9
$1,364,208
$1 ,2 5 4 ,3 1 0
$299,044
176,390
574,690
$270,361
158,128
556,449
$263,952
124,614
548,354
B a la n c e ........................ sur .$ 2 6 1 ,4 1 5 s u r .$ 3 9 1 ,7 8 5 s u r .$ 3 7 9 ,270sur .$317,360
D I V I D E N D S .— F irst d iv id e n d o n p r e f. s t o c k , 2 ) * % , F e b . 28 1 9 0 0 fo n t
o f earnings fo r y e a r en d in g F e b . 28 190 0); th en 2 % A u g . 31 1 9 0 0 - 1 u %
F e b . 1901; A u g . 31 1901, 2 % ; F e b . 28 1902, 1 % ; A u g . 30 1902 1 u %•
F e b . 28 1903, 1 H % ; In 1907, M arch 3 0 . V\ % ; Jun e 29, >A % : S ep t 30
H % : th e D e c. p a y m e n t w as o m it t e d . N o n e sin ce to J a n . 190 9.
’
R O A D .— F rom term in al s ta tio n at 5th A v e . w e ste rly a b o u t 6 K m iles
w ith bra n ch es: to ta l len gth o f ro a d (In clu d in g D o u g la s P a rk bran ch and
ex te n s io n and G arfield P a rk b r a n c h ), 18.49 m ile s; th e first 1.67 m iles are
fo u r tra ck s th e rest tw o tr a c k s , m a k in g sin g le -tra ck m iles 4 0.14; also leases
th e U nion E le v a te d , 0.38 m ile , the U n io n C o n so lid a te d Elevated R R
4
m iles, an d leases 3 .3 m iles fro m A u rora E lgin & C h icago R R . T o ta l o p e r
a t e d 50.5 m iles o f tr a c k , e x c lu s iv e o f side tr a c k s .
R ig h t o f w a y Is ow ned
In j e e .
E q u ip m e n t Jan . 1 1909 co n s iste d o f 225 m o to r cars, 183 coa ch es
a n d 79 c o n tr o l-c o a c h e s an d 17 m iscella n eou s.
G au ge, 4 ft. 8 i i In.
O n M arch 11 1905 th e cars o f th e A u ro r a E lgin & C h icago R y . b egan
op era tin g o v e r this c o m p a n y ’ s lines t o th e 5th A v e . term inal und er a tr a ffic
a g reem en t, th e M et. W e s t S id e . In tu rn , s ecu rin g th e rig h t t o th e te rrito ry
w est o f th e 52d A v e . term in al o n th e G arfield P a rk line as far as th e D es
P lain es R iv e r , a b o u t 3.3 m iles d o u b le tr a c k .
V . 79, p . 1704.
O F F I C E R S .— P r e s ., H o w a r d G . H e tz le r: V . - P . , Chas H . R e o u a - Sec
an d Treas.. P a u l D . S e x to n ; A s s t. S ec. an d A s s t. T r e a s ., W F H o ltz A u d it o r . T . B . M a cR a e ; G en. M g r., B. I . B u d d .
O ffic e , 169 J a ck so n B o o le
v a r d , C h ic a g o .— V . 88, p. 375 , 449 .
D U0UIe*
N O RTH W ESTER N E LEV A T E D
RR,
A c o m m it t e e c o n s is tin g o f Ira M . C o b e , S am uel Insull a n d E m ile K
B o ls o t Is r e p o r te d t o h a v e b e e n a p p o in te d b y e le v a te d railroad com p a n ies
o f C h ica g o t o c o n s id e r th e fe a s ib ility o f leasin g th e o th e r e le v a te d ro a d s on
a g u a r a n ty basis t o this c o m p a n y . See V . 8 8 , p . 507.
O R G A N I Z A T I O N .— R o a d w as fo rm a lly o p e n e d fo r business o n M av ai
1900.
V. 70, p. 1049.
y
. In S ep t. 1901 th e U n io n E le v a te d R R . w as a cq u ire d . T h e new morte-ao-e
fo r $ 2 5 ,0 0 0 ,0 0 0 w as a u th o r , fo r this p u rp o se an d fo r r e fu n d in g th e 5 % b o n d s
A n a d d itio n a l $ 3 ,9 0 0 ,0 0 0 o f these bo n d s w as Issued In A u g . 1906 to p r o
v id e fo r th e R a v e n s w o o d e x te n s io n , an d au th o riz e d a m o u n t o f preferred
s to c k w as Increased to $ 2 5 ,0 0 0 ,0 0 0 to p r o v id e fo r c o n v e r t ib le featu re o f
new b o n d s. See V . 8 3 , p . 436.
[V ol. Lxxxvnr.
R A IL W A Y S
STOCK A N D BON DS—
D a te.
Interest Outstanding.
M a tu r ity .
S to c k , $ 5 ,0 0 0 ,0 0 0 -----------------------------------------$5,000 000
P r e f s t o c k , 5 % , $ 2 5 ,0 0 0 ,0 0 0 -.
n o n -c u m .
5 ’ 000 000
F irst „r®fu^ 4 ,n g
m o r tg a g e ,) 1901
4 g M -S
15,016',000 Sept"
1515
$ 2 5 ,0 0 0 ,0 0 0 ,
con v,
g o ld ^ Interest a t Illinois T r u s t & S a v in g s B a n k
($ 1 .0 0 0 , $ 5 ,0 0 0 , $ 1 0 ,0 0 0 ) ./ C h ica g o . T r u s te e , o r B lair & C o. N . Y .
B o n d s .— O f t h e n e w $25 ,0 0 0 ,0 0 0 m tg e ., presen t Issue Is $ 1 8 ,5 0 0 ,0 0 0 , o f
w h ich $.i ,4 8 4 ,000 rem ain s In th e treasu ry a v a ila b le fo r Im p ro v e m e n ts, & c.
T h e n e w b o n d s are c o n v e r tib le a t th e o p tio n o f the h o ld e r Into p referred
s^och* a n d ca n b® redeem ed at a n y tim e a t th e o p tio n o f th e c o m p a n y at
102 X a n d a ccru e d Interest o n o r a fter S e p t. 1 1906.
I f ca lle d fo r r e d e m p
tio n , th e h o ld e r w ill h a v e th e rig h t e v e n th en t o ta k e preferred s t o c k in
lieu o f c a sh . V . 7 2 , p . 1081.
Voting T ru st.— B o th th e c o m m o n a n d preferred s to ck s h a ve bpen d e p o s
ite d w ith th e Illin ois T ru st & S av in gs B a n k , d e p o s ita r y , u n d e ? v o t in g t?u st
t l v ^ y e a r f o n ^ u c h r t o c k ? d Ivld en d s shaU h ave been PaId
three con s ecu -'
R E P O R T .— F o r years e n d in g Jun e 30 (In clu din g U n io n E le v a te d ) see
V. o7 p . olU*
(jjjjp............. ‘IlsTiS
*!
si® 1?*
1 90 5................................ 1 ,786,414
1,169:786
952 :627
217 159
R O A D .— T h e r o a d starts a t th e In tersection o f W ils o n a n d E v a n s to n
a v e n u e s. 7 m iles fro m th e C ou rt H o u se , an d has 5.52 m iles o f fo u r -tr a c k
m a k in g 22.0 8 m iles o f single tra ck .
R ig h t o f w a y Is all o w n e d In fe^e e x c e p t
a t s tre e t crossin gs.
A n e x te n s io n o f 4 .3 9 m iles o f d o u b le tr a c k to R a v e n s
w o o d w as p u t In o p e r a tio n In M ay 1907. T o t a l tra ck , 3 2 .1 0 m iles
S
U n d e r an o p e ra tin g agre e m e n t w ith th e C h ica g o M ilw aukee & St P a u l
R a ilw a y C o . m ade In 1007, this c o m p a n y ’s s e rv ice w as e x te n d e d \iav 16
1908 t o E v a n s to n o v e r the E v a n s to n D ivision o f the fo rm e r road vvhlch
h as b e e n e le ctrifie d . A ll tra ck o p e r a te d (all lin es e x c e p t lo o p ). Ju n e 3 0
1908, 5 1 .0 7 m iles.
O F F I C E R S .— P re s.. M ason B . Starrin g; V .- P . , C laren ce B u ck in g h a m S e c. a n d T r e a s ., W . V . G riffin ; G en . M g r., E . C. N oe; A u d ., R . H . W illia m s ’
D ir e c t o r s .— C larence B u ck in g h a m , J . L . C o ch ra n , W . V . G riffin . Chaunc c y K e e p , Charles F . A y e r, M ason B . S ta rrin g, W . W . M iller, J oh n B
D ennis o f B lair & Co. an d Sam uel M c R o b e r ts .— V . 84, p. 571, 804. I2 4 8 :
V . 8 5 , p . 723 , 789: V . 86, p . 421 , 1285; V . 8 7 , p . 810. 1534; V . 8 8 , p . 507. ’
(1)
U n io n E le v a te d R a ilr o a d .
Is used b y all th e C h icago e le v a te d ro a d s , an d receives
% fo r e a c h
passenger carrie d , besides all expen ses fo r o p e r a tin g , repairs a n d ta x e s .
BO N DS—
D a te Interest. Outstanding.
M a tu r ity .
1st m tg e , $ 5 ,0 0 0 ,0 0 0 ,g ( $ l , 000) 1895
5 g A -O
$4 ,6 6 6 ,0 0 0 O ct 1 1 94 5
Interest a t Chase N a t. B a n k , N . Y . , an d 111. T ru st & S a v . B a n k , C h ic a g o .
B o n d s.— O f th e $4 ,6 6 6 ,0 0 0 b o n d s Issued, $18 4,00 0 are In th e t r e a s u r y .
R O A D .— T h e lo o p Is 1.98 m iles in le n g th , d o u b le tr a c k e d (8 0 -lb . r a ils ),
a n d runs o n L a k e S t. t o W a b a sh A v e ., t o V a n Buren S t ., t o F ifth A v e ., to
L ake S t.
R o a d o p e n e d O ct. 10 1897. T rain s o f th e C h icago & O a k Paris
M e tro p o lita n W e s t S id e , N o rth w estern E le v a te d R R . a n d S o u th Side
o p e r a te o v e r th e lo o p .
S O U T H E R N S T R E E T R Y . C o !— A t r o l l e y r o a d .
O R G A N I Z A T I O N .— I n co rp o ra te d In Illin ois as a re o rg a n iz a tio n o f th e
C h icago G eneral R y ., w h ich w as b id In at fore clo su re sale o n S e p t. 30 1907
b y th e S o u th e rn Street R a ilw a y C o.
V . 85, p . 863.
ST O C K A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 8 0 0 ,0 0 0 ($ 1 0 0 )_______ _____
_
$800,000
N ew m tg e , $80 0,00 0 ($50,1 1904
5 g J-J
8 0 0 ,0 0 0 J u ly 1 iS lO
$10 0, $500 & $ 1 ,0 0 0 ), g . c * / I n t . a t A m e r . T r . & S a v . B k ., C h ic ., T r u s te e .
R on d s.— B o n d s are s u b je c t to call o n o r a fte r J u ly 1 1909 a t 105 and ln t.
R O A D .— O w ns 21 m iles o f tr a c k ; e x te n d s fro m W a b a s h A v e . t o 4 0 th
A v e . o n 22d S t ., also o n 25th S t ., L a w n d a le A v e . K e d z le A v e ., H o m a n
A v e . an d T h ro o p S t. O perates 20 cars.
O F F I C E R S .— P res, and G en. S u p t., Ja m es C. C le a ry , 1608 W . 22d S t .,
C h ica g o ; S e c . an d T r e a s ., A lle n R . S m a rt; G en. M gr. an d C ou n sel. G lenn
E . P lu m b , 1239 F irst N ation a l B ank B ld g ., C h ic a g o .— V . 8 5 , p . 723.
SO U T H S ID E E L E V A T E D R R .— (“ A lle y E le v a te d ” ) — A n ele ctric e le
v a te d r o a d .
O R G A N I Z A T I O N .— S u ccessor J a n u a ry 1897 t o C h ica g o & S o u th S ide
R . T . R R . (fo re clo se d per plan V . 63, p . 1 1 5 8 ). J u ly 31 1900 th e A p p e lla te
C o u rt su stain ed th e v a lid it y o f th e fo re clo su re ( V . 7 1 , p . 2 3 6 ), a n d on F e b .
21 1902 th a t de cisio n w as c o n cu rre d In b y th e S ta te S u p rem e C o u rt. V . 7 4 ,
p . 477. F ran ch ise e xp ires M arch 26 1938.
L eases th e C h ica g o J u n ctio n
R R ., w h ich see be lo w .
S to c k h o ld e r s v o t e d o n A p ril 7 1904 t o Increase th e c a p ita l s to c k t o $ 1 7 ,
5 5 0 ,5 0 0 , t o p r o v id e fo r e x te n sio n s, b u t su b s e q u e n tly ( V . 7 9 , p . 681) r e
scin d e d th e a c tio n a n d m a d e th e new m tg e . g iv e n In ta b le b e lo w . V . 79,
p. 734; V . 84, p . 159. 932.
STOCK AN D BO N DS—
D a te.
In terest. Outstanding.
M a tu r ity .
S to c k , $ 1 0 ,3 2 3 ,8 0 0 ____________ . .
Q -M
$ 1 0 ,2 3 1 ,4 0 0 M ar31 ’0 8 . >A
1st m o r tg a g e , $ 8 ,0 0 0 ,0 0 0 , gl 1004
4 )4 g J -J
8 ,0 0 0 ,0 0 0 D ec 31 1924
( $ 1 , 0 0 0 ) ............................... c * J In t. a t 111. T r . & S a v . B a n k , C h ic ., T ru s te e .
B o n d s .— T h e new b o n d s are s u b je c t t o call o n o r a fte r J a n . 1 1910 a t 105
and Interest.
D ivid en d s.— F irst d iv id e n d o f 1 % (o u t o f earnings fo r fo u r m o n th s en d in g
A p ril 30 1899) w as p a id M ay 1 1899: th en S e p t. 1 , 1 % ; D e c . 30 1 % .
In
1 9 0 0 .3 % .
In 1901, 3 ) 4 % .
In 190 2. 4 % .
In 1903, 4 % .
In 1904, 4 % .
I n 190 5, 4 % .
In 1006, 4 % .
In 190 7, 4 % .
In 100 8, M a rch , X % ; n o n e
sin ce.
A N N U A L R E P O R T .— F o r y e a rs e n d in g D e c. 31 1008, r e p o r t in V .
8 8 , p. 371 .
P assen gers carried In 1908, 4 2 ,9 9 4 ,6 1 0 .
1008.
1907.
I
W 08.
1907.
G ross r e c e ip ts $ 2 ,2 4 1 ,6 9 0
$2 ,1 0 5 ,1 9 3 S u r p lu s--------$234,004 $43 9,50 8
N e t, a ft . ta x e s
670,624
6 4 5 , 4 4 7 D iv id e n d s . . .
76,722
4 09 ,187
I n t e r e s t --------- *43 6 ,6 2 0
* 2 0 5 , 9 3 9 B a l. fo r y e a r . .
157,282
3 0,321
* In c lu d e s in 1908 $ 76 ,620 an d in 1007 $9,064 rental p aid t o C h ica g o
J u n ctio n R y .
R O A D .— O w ns e le v a te d r o a a in o p e r a tio n In C h icago u p o n a p u rch a sed
rig h t o f w a y from C ongress S t. to J a ck so n P a rk . E le c t r ic ity w as In trod u ced
as m o tiv e p o w e r late In A p ril 1898. O perates 370 m o t o r a u d 30 trail ca rs.
T h e e x te n s io n to E n g le w o o d and th e L a k e A v e . e x te n sio n arc now b o th
b e in g o p e r a te d .
O n 15.07 m iles o f stru ctu re has a to ta l o f 36.51 m iles o f
sin gle tr a c k , in c lu d in g e x te n s io n s .
A lso leases C h icago J u n ctio n R R .,
w h ich see b e lo w .
O F F I C E R S .— Pres, and G en. M g r ., C harles V a le n tin e W e s to n ; V .- P
N o b le I). J u d a h : S e c. and T r e a s ., H o ra ce F . H a r d y . O ffic e , 47 C on gress
S t ., C h ic a g o .— V . 82, p. 278 . 1041; V . 8 4 . p . 159. 272. 336. 932; V . 85
p . 1519: V . 8 6 , p . 109, 286, 334, 338 , 604, 1468; V . 88, p . 296, 371.
(1)
C h ic a g o Ju n c tio n R R .
O R G A N I Z A T I O N .— O rga nized In th e Interest o f th e S o u th S id e E le v a t e d
R R . t o b u ild lines to c o n n e c t th a t c o m p a n y ’s tra ck w ith th e S t o c k Y a r d s .
O n ly a n o m in a l a m o u n t o f s to c k has been Issued ($ 5 0 ,0 0 0 ), w h ich Is h e ld In
tru st fo r th e S o u th Side E le v a te d In case t h a t c o m p a n y s h o u ld a t a n y tim e
w ish t o a b s o rb It. Is leased to th e S o u th S id e E le v a te d fo r 50 years (w ith
rig h t t o p u rch ase at c o s t w ith in 20 y e a r s ), re n ta l b e in g Interest o n b o n d s ,
t a x e s , & c. F ran ch ises are w it h o u t lim it.
STOCK A N D BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k -------------------------------------------------------------See te x t .
.
1st m tg e , $ 2 ,3 2 7 ,0 0 0 , g o ld l 1905
4 g M -S
$2,3 :7 ,0 0 0 M ch 1 *19 45
($ 1 ,0 0 0 ), g u ar p & i ____ c * J F ir s t T ru st & S a v . B a n k , C h ica g o , T ru s tee
B o n d s.— -Are s u b je c t t o call o n a n d a fte r M arch 1 1910 a t 105 a n d In terest:
In e v e n t o f co n s o lid a tio n w ith S o u th S ide E le v a te d , th is Issue o f b o n d s Is
t o b e re tire d . V . 8 0 . d . 871 .
B o n d s are g u a ra n te e d , prin cip a l an d Interest
b y C h ic. J u n e . R y s . & U n io n S t o c k Y a rd s C o .
Seo V , 82, p . 568. T h e y
w e re o ffe re d fo r sale b y N . W . H arris & C o ., N . Y . , and H arris T r u s t A
S a v in gs B a n k , C h ica g o .
R O A D .— Consists o f an e le v a te d r o a d (fr o m Jun ction w ith S o u th S id e
” L ’ at 40 th Street) t o th e S to c k Y a r d s ,a n d a lo o p a rou n d the sam e 3 .7 5
m iles.
W as c o m n le tc d In M av 1908.
O F F I C E R S .- P r e s . , J o h n A . S p o o r ; V . - P . , R ich a rd F itz g e ra ld : S e c ..
H. E: P o r o n to ; T r e a s ., R . B .T h o m p s o n : A u d ., C. C. C h a co .— V . 8 2 , p . 568 ;
V . 8 5 , p . 7 9 2 ; V . 8 7 , p . 346.
S U B U R B A N R A I L R O A D .— A tr o lle y ro a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d un d er law s o f Illin ois M ay 1895.
R E C E I V E R .— O n J u ly 30 1902 L . S. O w sley w as a p p o in te d r e ceiv er,
interest o n b o n d s being In d e fa u lt.
V . 7 5 , p . 241.
F e b ., 19 09. J
E L E C T R IC
...
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k . 5 1 .2 5 0 .0 0 0 .............................................................
$ 1 ,2 5 0 ,0 0 0 - ............... ..
1st
m o rtg a g e ,
$ 3,000,000 ,1 1890
5 g M -S
1 ,250,000 M ch 2 1916
g o l d ---------------------------------------/C h ic a g o T itle & T ru st C o ., T ru stee.
O f th e $ 3 ,0 0 0 ,0 0 0 b o n d s a u th o riz e d , $ 1 ,2 5 0 ,0 0 0 w ere Issued t o bu ild
t h e roa d ow n ed an d t o eq u ip a p o r tio n o f th e leased lines w ith tro lle y .
T h e rem ain d er m a y be Issued fo r e x te n sio n s b u ilt an d e q u ip p e d a t $50,000
p e r m ile fo r d o u b le an d $30 ,000 per m ile o f single tr a c k .
R O A D .— O w ns 29.8 m iles o f tr a c k , e x te n d in g fro m term inus o f C h lc.&
O ak P a rk E lev . a t 52d S t. an d M e tro p o lita n E le v . at 48th S t ., th ro u gh c it y
o f C h ica g o, C icero, G rossda le, L a G ra n ge , & c. Leases fro m th e C h ica go
T erm in a l T ra n sfer R R . (fo r 50 years) th e C h icago & S ou th w estern ro a d to
H a rlem race tr a c k , A u s tin , R Id g e la n d , O ak P a rk , te c ., 10 m iles o f tr a c k .
A ls o op era tes M o f a m ile o f d o u b le tra ck o f th e C h ica go R iv e rsid e & L a
G ra n ge R R .
T o ta l tra ck o p e r a te d , 32.3 m iles, all tr o lle y , e x c e p t C. & S . W .
tra ck s a lon g W e s t 16th an d 19th streets.
O F F I C E R S .— P r e s ., F . II. R o e s c h la u b ; V . - P . . W . G . A d a m s; S e c. an d
T r c a s ., G . M . M aher; S u p t., J . W h ltse ll.— V . 7 5 . p . 241.
U N IO N C O N S O L ID A T E D E L E V A T E D
RY
O R G A N I Z A T I O N .— F o rm e d In 1896 an d b u ilt fro m U n ion E le v a te d at
6 th A v e . w est to M arket S t .; th e n ce t o th e M e tro p o lita n W . S . E l.; to t a l,
1-5 m ile o f tra ck ; Is op e r a te d b y th e M e tro p o lita n W e s t S ide E l. F ran ch ise
e x p ir e s O c t . 7 1945.
STOCK AN D BONDS—
D a te.
Interest. O utstanding. M a tu r ity .
S t o c k ............. .......................................................................
$ 1 , 0 0 0 , 0 0 0 .......................
Series " A ” 1st m tg e , g o ld .l 1896
5 g M -N
407 ,000 N o v 1 1936
gu p & 1 b y M et W S E l___ J G . S h e rm a n , V .- P . , Con. T r . C o ., N . Y ..T r u s .
M ortg a g e $ 1 ,0 0 0 ,0 0 0 , o f w h ich $ 5 0 0,00 0 series “ A . ”
V . 63, p . 1065.
O F F I C E R S .— P res., W m . G . A d a m s ; V . - P . , C larence A . K n ig h t; S ec.
a n d T r c a s ., W . V . G riffin .
C H IC O , C A L .
N O R T H E R N E L E C T R IC R Y
O R G A N I Z A T I O N .— I n c o r p o r a te d in C a liforn ia S e p t. 19 1907 an d a c
q u ire d th e en tire p rop ertie s o f th e N o rth e rn E le ctric C om p a n y an d Shasta
S o u th e r n R y . C o. T h e N o rth e rn E lectric C om pa n y w as In co rp o ra te d In
N e v a d a an d has a c o n t r a c t w ith C a liforn ia G as & E le c tr ic C o rp . a llo w in g
Its cars to en ter S a cra m e n to .
In 1906 N o rth e rn E le c tr ic C o . franchises
w e re said to b e fo r n o t less than 50 years.
STOCK AN D BO N D S—
D a te. Interest. O utstanding.
M a tu r ity .
C o m m o n $ 1 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .....................................
N ose
.......................
P r e f$ 1 0 ,000 ,0 0 0 ($ 1 0 0 )5 % n - c ...........................
$ 5 ,0 0 0 ,0 0 0
-------- - -
N orth ern E lec C o M $6,000.-1 1905
5 g A -O
3 ,7 8 7 ,0 0 0 O ct 1 1955
000 g ($1,000) sink fu n d . - l i n t , a t M erca n tile T r . C o ., San F r a n .,T r u s te e
N o rth e r n E lec R y 1st & c o n s ) 1907
5 g J -D
(?)
D e c 1 1947
m tg e $ 25 ,000 ,00 0 g o ld ____ / I n t . at M erca n tile T r. C o ., San F r a n ., trustee
B o n d s .— O f the N orth ern E le ctric R y . b o n d s $ 3 ,7 8 7 ,0 0 0 are reserved to
retire a like a m o u n t o f N orth ern E le ctric C o .'s 5s. T h e y arc s u b je c t t o call
o n 60 d a y s ’ n o tice at 110. S in k in g fu n d 1918 to 1027
% o f issued b o n d s
p e r a n n u m ; 1928 to 1937, 1 % ; 1938 to 1947, 1 M % .
N o rth e rn E le ctric Co.
b o n d s can be called on A p ril 1 1914 or a n y ln t. d a te th ereafter at 110;
$ 1 ,8 8 4 ,0 0 0 of the $ 3 ,7 8 7 ,0 0 0 r e p o rte d o u ts ta n d in g are in possession o l
N orth ern E lectric R ailw ay.
E A R N I N G S .— F o r c a le n d a r y e a r 1907, g r o s s ,!$ 4 1 2 ,160 , n e t, $ 12 9,81 4.
A b o v e figures c o v e r o n ly p a r t o f s y s te m , as S a cra m e n to d iv isio n w as n o t
c o m p le t e d u n til D e c ., 1907.
R O A D .— O perates 136 m iles o f tra ck b etw een C h ic o , O ro v llle . Y u b a
C it y , M arysville an d S a c r a m e n to , w ith a bra n ch from M ary sv ille to Colusa
a n d from C h ico to H a m ilto n .
W h e n financial c o n d itio n s Im p r o v e . It Is
In ten d ed to c o n s tr u c t s o m e 200 m iles m o r e o f tr a c k . S ta n d a rd ga u g e,
0 0 -lb . T rail.
O F F I C E R S .— P r e s ., E . R . L lllc n th a l; S e c . and T r c a s ., N o rm a n L o g a n .
V . 85, p . 865 ; V . 8 0 , p . 169.
C IN C IN N A T I, O H IO .
C I N C I N N A T I & C O L U M B U S T R A C T I O N C O .—
A tr o lle y road
O R G A N I Z A T I O N .— In c o r p o r a te d o n Jan . 21 1903. F ra n ch ises e x p ir e
1030.
STOCK AN D BO N D S—
D a te.
Interest.
O utstanding. M a tu r ity .
C o m m o n , $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) ...................... ..............
$97 9,50 0
9 25 ,500 ......................
P f . 5 % c u m . $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) ...................... .........
F irst m o rtg a g e . $ 60 0,00 0,
\ 1905
5 g J-J
600,000 J u ly 1 190 )
g o l d -----------------------------------c* I In t. a t U n io n S a v . B k . & T r. C o. C ln ..T r u s .
5%
110,000 J u ly 1 1 9 1 2
S e c o n d m tg e n otes $ 2 5 0 ,0 0 0 ./ ____
l i n t , a t U n io n S a v . B k . & T r . C o ., C in cin n ati.
B o n d s .— T h e d en om in a tio n o f the first m o rtg a g e b o n d s are r e s p e ctiv e ly :
8 $ 5 0 ,0 0 0 ; 30 $ 5 ,000; 100 $ 1 ,000; and 100 $500. T h e y can be ca lled at
a n y tim e a t p a r. S econ d m tg e . n otes can be called at a n y tim e.
R O A D .— O perates 54 m iles o f tra ck b etw een C in cin n ati an d H ills b o r o ,
p u t In c o m p le te op e r a tio n In F e b ., 1906. S tan d ard g a u g e , 7 0 -lb . T rail.
O F F I C E R S .— P r e s ., H . II. H o ffm a n ; V . - P . , L ew is S e a s o n g o o d ; 2d V . - P . ,
H e n r y B u rk h old ; S e c ., H a r v e y J. G ibson ; T r c a s ., C asper H . R o w e ; M g r .,
D a n R e id 1 J r .— V . 7 6 , p. 971; V . 80, p . 1234; V . 85, p . 220 , 599.
In
C I N C I N N A T I G E O R G E T O W N & P O R T S M O U T H R R . — S te a m and
ele ctr ic .
In A u g . 1908 It w as r e p o rte d th a t n e g o tia tio n s w ere p e n d in g fo r sale
o f roa d b y the e x e cu to rs o f the C o m s to c k e sta te . V . 8 7 , p . 643 .
O R G A N I Z A T I O N .— F o rm e rly a n a rrow -ga u ge ste a m r o a d , b u t In O ct.
1 9 0 1 , w as pu rch ased b y A . W . C o m s to ck o f D e tr o it, an d In 1902 ch a n g e d
t o sta n d a rd -g a u g e.
N ow o p era tes b y b o th e le ctr ic ity a n d ste a m .
U n d er
O h io law rem ain s a steam r o a d .
F ran ch ises perpetu al.
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,5 0 0 ,0 0 0 ...................... ...................... .........
$ 1 ,5 0 0 ,0 0 0 ____________
1st m t g e .. $ 1 ,0 0 0 ,0 0 0 g o ld ) 1902
5 g J-J
1 ,0 0 0 ,0 0 0 J a n . 1 1 9 3 2
( $ 1 , 0 0 0 ) ................................c * / I n t.a t U n ion S a v .B k .A T r .,C ln .,T r .,& In N .Y
E A R N I N G S .— F o r yea r en d in g Ju n e 30 1908 gross, $ 1 6 4 ,4 9 3 ; In 1906
0 7 gross, $ 15 3,61 6.
R O A D .— O perates 49 m iles fro m C incinnati sou th ea sterly to R u s se ll
v ille . in clu d in g b ran ch es o f 3.5 m . to B a ta v ia an d 1.5 m . to C on ey Isla n d .
A n e x ten sion o f 16 m iles o W est U n ion Is u nd er co n stru ctio n .
Th e
F e lic it y & B eth el, w h ich Is co n tro lle d In th e sam e Interest, operates 8 .5 m .
o f tra ck betw een th e p oin ts n a m ed In Its title.
H as 22 e lectric passenger
c o a c h e s , 4 steam p assenger co a ch e s, 40 freig h t cars an d 2 lo co m o tiv e s .
O F F I C E R S .— P re s ., H e n ry A . Ila lg h ; S e e ., A . L . C. H e n ry , D e tro it,
M ic h .; G en . M g r., E . W . W h it e .— V . 7 5 , p . 184,<665, 1253; V . 8 3 , p . 322;
V . 87, p .5 4 3 .
F E L IC IT Y & B E T H E L R R .
’
O R G A N I Z A T I O N .— In co rp o ra te d In O h io In 1904, a n d Is o w n e d In th e
Interest o f th e C in cin n ati G eorg etow n & P o rtsm o u th .
STO C K S A N D BO N DS—
D a te.
Interest. O utstand ing.
M a tu rity .
S t o c k , $16 5,00 0 ( $ 1 0 0 ) .................................................
$15 0,00 0 . .....................
1st m o rtg a g e , $ 1 0 0 ,0 0 0 , g .l 1005
5 g A -O
100,000 O ct. 1 1035
( $ 1 ,000) ................................c * / I n t. a t U n ion S a v . B k . & T r ., C ln cln ., T ru s t.
B o n d s.— A re n o t s u b je ct to call.
R O A D .— O perates 8 J4 m iles o f tra ck b etw een F e licity an d B e th e l,s ta n
d a r d ga u g e, 6 0 -lb . T rails.
Is o p e ra te d b y e le ctricity fo r passengers a n d b y
stea m fo r freigh t.
O F F I C E R S .— P r e s ., H e n ry A . H a lg h ; S e c ., J . C . G ln n ln g s.
T re a s.
a n d G en . M g r., E . W . W h ite .
C IN C IN N A T I L A U R E N C E B U R G & A U R O R A E L E C T R IC S T R E E T R R .
— A tro lle y roa d .
O R G A N I Z A T I O N .— In co rp o ra te d In N o v ., 1808. T h e U n io n S av in gs
B a n k & T ru st C o. o f C in cin n ati sold $75 0,00 0 o f th e b on d s In J a n . 1 90 1,
a n d an a d v ertisem en t sta ted th a t n o d iv id e n d s w ou ld be d ecla red o n th e
s t o c k fo r five yea rs, so as to create a surplus fu n d av a ila b le fo r b etterm en ts
a n d ex ten sion s. See V . 7 2 , p . 136 . In M ay 1904 ca p ita l sto ck w as In
crea sed from $75 0,00 0 t o $1,0 0 0 ,0 0 0 b y th e Issuance o f $ 2 5 0,00 0 6 % c u m u
la tiv e p re f. s to c k , th e p roceed s bein g used fo r b etterm en ts.
Fran ch ises
e x p ire In 1024 and 1925.
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu rity .
C o m m o n , $750,000 _______ ___ ______
___________
$75 0,00 0 ................. __
P r e f. 6 % c u m ., $ 2 5 0 ,0 0 0 ....................
Q -J
2 5 0 ,0 0 0 J u ly ,’ 0 6 ,1 )4
1st
m o rtg a g e,
$750,0001 1899
5 g J -J
7 5 0 ,0 0 0 J u ly 1 1010
($ 1 ,0 0 0 ,) g o l d _____________ / In te re st at U n . S a v . B k . & T r . C o ., C In ., T r .
29
R A IL W A Y S
......... ..... _______________ ____■■
— ------—
............... ~r.— ——
D iv id e n d s .— D iv id e n d s o f 6 % on p re f. s t o c k w ere p aid up to a n d In clu d in g
J u ly 1906.
N o n e sin ce.
E A R N I N G S .— F o r ca le n d a r y e a r 1907, gross, $ 13 8,11 6: n e t, $ 5 9 ,0 9 7 :
In 1906, gro ss, $ 15 3,70 3.
R O A D .— O perates 38 m iles o f tra ck fro m A n d e r s o n ’ s F e r r y , a t C in c in
nati t o A u ro r a , H arrison an d L a u re n ce b u rg .
D I R E C T O R S .— J . C . H o o v e n , P res, o f H a m ilt o n , O ., C. E . H o o v e n ,
A . B . V o r h e ls , J . G . S c h m ld la p p a n d S ta n le y S h a fer; T reas. an d G en . M g r .,
C. E . H o o v e n , C in c in n a ti.— V . 7 8 . p . 2 01 1. 2383
C IN C IN N A T I M IL F O R D & L O V E L A N D T R A C T IO N CO .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io In S e p t ., 190 2, and p u rch ase^
franchises a n d righ ts o f th e C in cin n ati M ilfo rd & E a stern T r a c tio n C o.
STOCK AN D BO N D S—
D a te.
Interest. O utstanding. M a tu r ity .
C o m ., $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...................................................... 5 1 ,0 0 0 ,0 0 0 .......................
P r e f., $ 6 5 0 ,0 0 0 , 5 % c u m - _______ _______________
649 ,4 2 5 N o d lv . y e t
1st m o r tg a g e , $ 5 0 0 ,0 0 0 , gl 1905
5 g J -J
3 7 3 ,5 0 0 J u ly 1 1 9 2 5
($500) ___________________ c * / l n t . a t P r o v . S a v . B k . & T r . C o ., CIn. T r u s t.
B o n d s .— A r e s u b je c t t o call a t a n y tim e a t 110. See V . 8 1 , p . 264.
R O A D .— W ill o p e ra te 41 m iles o f tra ck fro m C in cin n a ti t o L o v e la n d and
from C in cin n ati t o B la n ch e stcr. G a u ge , 5 f t. 2 In.; 7 0 -lb . rails. T h e line
to M ilford an d B la n ch e s tcr, 38 m iles, Is n o w In o p e r a tio n .
E n te rs C in cin
nati o v e r th e tra ck s o f th e C incinnati T r a c tio n C o.
O F F I C E R S .— P r e s ., 13. H . K ro g e r; V .- P . a n d T r e a s ., J . P . P eu rru n g;
S e c ., J . N e v in R o b e rts ; A n d ., Charles J . P e u rru n g .— V . 77, p . 250; V . 80,
p . 2 3 4 3 ; V . 8 1 , p . 264.
I N T E R U R B A N R Y . & T E R M I N A L C O .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n N o v . 3 190 2, a n d Is a c o n
s o lid a tio n o f th e C in cin n ati & E a stern E le ctric R y ., th e R aD ld R a ilw a y C o .
an d th e S u b u rb a n T r a c tio n C o .
In J u ly 1907 o b ta in e d a u th o r ity to Issue
$ 1 ,1 0 0 ,0 0 0 p r e f. s t o c k , o f w h ic h $ 9 0 0,00 0 was in e x c h a n g e fo r an equal
a m o u n t o f 1st m t g e . b o n d s d a t e d 1903.
V . 8 5 , p. 221 , 46 9 . T h e 1903
b o n d Issue has b e e n e n tire ly ca n c e le d . In 1908 a new m tg e . m a d e , as b e lo w .
STOCK A N D B O N D S—
D a te.
In terest. O utstanding.
M a tu rity
C o m m o n , $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ).......................................
$ 2 ,5 0 0 ,0 0 0 .......................
P r e f., $ 1 ,1 0 0 ,0 0 0 ($ 1 0 0 ), 5 % .......................................
9 1,500 .......................
F irst m o r tg a g e , $ 1 ,6 5 0 ,0 0 0 ,] 1908
5 J -J
123 ,500
1928
g o ld ------------------------------- ’------- /C in c in n a ti T ru s t C o ., T ru ste e .
R O A D .— C om prises 22 m iles o f tr a c k b e tw e e n C in cin n a ti a n d N ew R i c h
m o n d , 33 m iles be tw e e n C in cin n a ti a n d L e b a n o n a n d 28 m iles fro m C in cin
n ati t o B e th e l. T h e la tte r s e c tio n w as leased In A u g . 1906 t o th e U n ion
G as & E le c tr ic C o . o f C in cin n a ti, b u t lease ca n ce le d A u g . 31 1907.
G a u g e,
5 f t . 2 M In. A ls o o w n s term in al s ta tio n o n S y ca m o re S t ., C in c in n a ti.
Cars en ter C in cin n ati o v e r th e tra ck s o f th e C in cin n ati T r a c tio n C o . 7 0 -lb .
and 9 7 -lb . T rail. T o t a l t r a c k , 101.4 m iles, all o p e r a te d .
O F F I C E R S .— P r e s ., C h as. H . D a v is ; V . - P . , L e e H . B r o o k s; S e c . and
T r e a s ., J . M . H u t to n .— V . 8 2 , p . 562 ; V . 8 4 , p . 450 ; V . 8 5 , p . 2 2 1 , 4 6 9 ;
V . 8 6 , p . 285.
O H I O T R A C T I O N C O .—
T h is Is on e o f th e pro p e rtie s co n tr o lle d b y th e S ch o e p f-M cG o w a n s y n d i
c a te .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n M a y 22 1905, a n d ow n s
p r a c tic a lly th e en tire ca p ita l s to c k o f th e C in cin n a ti T r a c tio n C o ., th e C in
cin n a ti Z o o lo g ica l C o . an d the C in cin n ati C ar C o ., besides e x te n s iv e h o ld in gs
In th e C in cin n ati & H a m ilto n T r a c t io n , and a large Interest in th e com . an d
preferred s to c k o f th e C in cin n ati D a y to n & T o le d o T r a c tio n C o. O n J u ly 6
1905 lease o f th e CIn. & H a m ilto n T r a c t C o . w as a ssign ed t o this c o m p a n y
b y th e CIn. In te ru rb a n C o. an d th e la tte r c o m p a n y p la c e d In liq u id a tio n .
T h is c o m p a n y also a cqu ired th e p r o p e r t y o f th e T r a c tio n B u ild in g C o .,
w h ich w en t Into liq u id a tio n .
STOCK —
D a te.
Interest. O utstanding.
L a st D l v •
C o m m o n . $10 ,0 0 0 ,0 0 0 ($ 1 0 0 )......................... .................$ 7 ,5 0 0 ,0 0 0
......................
P r e f., $ 10 ,000 ,00 0 5 % c u m _______
Q -F
8 ,5 0 0 ,0 0 0 F e b ’0 9 , l ) i %
S to ck .— F u rth e r Issues o f s to c k c a n o n ly b e m a d e fo r a c q u ir e m e n t o l
o th e r pro p e rtie s an d a d d itio n s t o th e p resen t p r o p e rtie s .
D ivid en d s.— First d iv id e n d o n p re f. s t o c k — 1 X % — w as n a ld A u g . 1
1905: In 1906, 5 % ; In 1907, 5 % ; In 1908, 5 % ; In 1909, F e b ., 1 ) 4 % .
E A R N I N G S .— P res. W . K e sle y S c h o c p f In a le tte r t o Irw in , B a llm a n &
C o. o f C in cin n a ti, w h o o ffe r e d so m e o f th e p re f. s t o c k In M a y 1905 s ta ted
th a t th e a ctu a l net earnings o f th e co m b in e d p ro p e rtie s fo r y e a r e n d in g
D e c. 31 1904 h ad be e n $54 0,23 8.
O F F I C E R S .— P r e s ., W . K e ls e y S clio e p f; 2d V . - P . , J . B . F o ra k e r J r .; 3d
V . - P . an d G en . M g r., D an a S te v e n s; S e c ., W a lte r A . D ra per; C o m p ., W . H .
M a cA lllste r; T r e a s ., A . L . K a se m e le r.— V . 84, p . 669.
(1) The Cincinnati Traction Co.—
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n F e b . 19 1901 w ith an
au th o riz e d c a p ita l s to c k o f $ 2 ,0 0 0 ,0 0 0 (w h ich , all e x c e p t 11 sh ares. Is
o w n e d b y th e O h io T r a c tio n C o . ) , t o ta k e o v e r u n d er lease th e C in cin n ati
S treet R y . C o . See V . 7 2 , p . 391.
R E P O R T .— F o r 12 m o n th s e n d in g D e c. 31 1908, gro ss, $ 4 ,4 2 8 ,2 7 8 ,
a ga in st $ 4 ,4 5 0 ,2 2 5 In 1907, $ 4 ,2 9 7 ,0 1 6 In 1906 an d $ 4 ,0 1 3 ,4 0 7 In 1905.
R O A D .— T h e C lnn. S t. R w y . com p rises 219 .88 m iles o f tr a c k In th e c it y
o f C in cin n a ti, O h io , e x te n d in g also t o a d jo in in g su bu rbs. T h e last ca b le
line w as c o n v e r te d t o e le ctr ic ity In Ju n e 1902, G au ge, 5 f t . , 2 )4 In.
O F F I C E R S .— P r e s ., W . K e sle y S c h o c p f; C h airm an E x e c u tiv e C o m .,
W . K e sle y S c h o e p f; V . - P . , J . B . F o ra k e r J r .; V . - P . an d G en . M g r .. D a n a
S te v e n s; S e e ., W a lte r A . D raper; C o m p ., W .
. M a cA lllster: T r e a s .. A . L .
K a s e m e le r : A sst. G en . M g r., T . F itz g e ra ld J r .; G en . S u p t., R . E . L ee;
C h ief E n g ., T h o s . E llio tt; P u r. A g t., C. B u rck m y e r.
(a) Cincinnati Street R ailw ay. — E le c tr ic .
W a s leased o n F e b . 21 1901 t o th e C in cin n a ti T r a c tio n C o . fo r th e u n
e x p ire d term o f th e fra n ch ise g ra n te d b y th e C ity o f C in cin n ati o n A u g . 13
1896, and all su ccessive renew als a n d exte n sio n s o f th e sam e. T h e ren ta l
Is Intended to p r o v id e d iv id e n d s o f 5 X % fo r th e first y e a r, 5 )4 fo r th e
s e c o n d , 5 X fo r th e th ird an d 6 % fo r th e fo u r th y e a r an d th e re a fte r. V . 7 2 ,
p . 136. T h e R o g e rs law o f A p ril 22 1896, u n d e r w h ich fra n ch ises w ere
g ra n te d , w as In A u g . 1902 d eclared u n co n s titu tio n a l b y th e S u p erior C ou rt
at C in cin n a ti, b u t d ecision p a r tly re vise d o n reh earin g. A p p e a l ta k e n t o
S ta te S u p rem e C ou rt (V . 75, p . 393, 6 6 5 ), a n d t h a t C o u rt on F e b . 28 1905
reversed th e low er c o u r t and u p h e ld th e co n s titu tio n a lity o f th e R o g e rs la w .
V . 80, p . 996. O n A p ril 28 1903, th e S u p e rio r C o u rt at C in cin n ati d eclared
u n co n s titu tio n a l th e c u r a tiv e A c t passed In 1902 t o s tren gth en th e fra n ch ise
gra n ted u n d er th e R o g e rs la w . T h is case w as ap p e a le d t o th e S ta te S u
prem e C o u rt, w h ich uph eld th e c o n s titu tio n a lity o f th e la w .
F ra n ch ises,
It Is cla im e d b y c o m p a n y , m atu re A p ril 22 1946.
O R G A N I Z A T I O N .— In c o r p o r a te d Jun e 21 1880, a n d In 1896 p u rch a sed
M t. A d a m s & E d en P a rk a n d M t. A u b u r n r o a d s .
STOCK AN D BO N D S—
P a r.
In terest. O utstanding. L a st d l v .,& c .
50
6 Q -J
$1 8 ,5 1 1 ,9 5 0
S ec t e x t .
S to c k $ 2 0 ,0 0 0 ,0 0 0 .........................
D I V I D E N D S .— T o an d in clu d in g A p ril 1901, 5 % p e r a n n u m ; J u ly 1 a n d
O ct. 1 1901 an d Ja n . 1 a n d A p ril 1 1902, 1 .3 1 2 5 % each ; J u ly 1 1902, O c t . 1
1902, Jan . 1 1903 a n d A p ril 1 1903, 1 .3 7 5 % each ; J u ly 1 a n d O c t . 1 1903
a n d J a n . 1 and A p ril 1 1904, each 1 .4 3 7 5 % ; J u ly 1904, 1 ) 4 % : O c t . 190 4,
1 )4 % .
D lv s . since h a v e b e e n a t th e ra te o f 6 % p er an n u m a n d w ill so c o n
tin ue to th e end o f lease an d Its r e n e w a ls .
O F F I C E R S .— P r e s .. J o h n K llg o u r; S e c . a n d T r c a s ., Jam es A . C o llin s.—
V . 8 2 , p . 452; V . 83, p . 1523; V . 8 4 , p . 1551.
(2) Cincinnati & Hamilton Traction. — A tr o lle y r o a d .
O R G A N I Z A T I O N .— T h is c o m p a n y w as o rg a n iz e d In A u g . 1902 as a
co n s o lid a tio n o f th e M ill Creek V a lle y S treet R y . an d th e H a m ilto n G len d ale
& C in cin n ati T r a c tio n . V . 7 5 , p . 4 9 7 .
O n S e p t. 30 1902 w as leased t o th e
C in cin n a ti In teru rban C o . (V . 7 5 , p . 9 0 6 ), b u t o n J u ly 6 1905 lease w as
assigned t o th e O h io T r a c tio n C o ., a n d th e C in cin n ati In te ru rb a n C o. p la ced
In liq u id a tio n . R e n ta l, y e a r b e g in n in g O c t . 1 190 2-0 3, $55 ,0 0 0 ; 1 90 3-0 4,
$60 ,5 0 0 ;
190 4-0 5, $66 ,0 0 0 ;
1 90 5-0 6, $7 1 ,5 0 0 ; 1906-07 a n d 190 7-0 8.
$77 ,0 0 0 ;
1908-09 and 190 9-1 0, $82 ,5 0 0 ; 191 0-1 1, $ 8 8 ,0 0 0 ; 1 91 1-1 2,
$93 ,5 0 0 ; 1912-13 t o 1914-15, $99 ,0 0 0 ; th e re a fte r, $10 0 ,0 0 0 .
STOCK A N D BO N D S—
D a te.
In terest. O utstanding, l a s t D lv .
S to c k com $ 1 , 1 0 0 , 0 0 0 ( $ 1 0 0 ) - . ------Q -J
$ 1 ,1 0 0 ,0 0 0 J a n ’0 9 , X %
S to c k preferred $1,100,0001 ------Q -J
1,1 0 0 ,0 0 0 Jan ’0 9 , 1 X
($100) 5 % c u m u la tiv e -------/
D ivid en d s.— 5 % p er a n n u m Is b e in g p a id o n th e p re fe rre d s t o c k . T h e
first d iv id e n d on th e c o m m o n o f X % w as p aid J a n . 1 1904 an d X % w as
again p a id o n A p ril 1, J u ly 1 an d O ct. 1 1904. In 190 5, 1 % ; In 1906,
1 ) 4 % ; In 190 7,”2 % ; In 1908, 2 % : In 1909, J a n ., X % .
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E L E C T R IC
R O A D .— O w ns and op era te s 31.3 2 m iles o f tra ck fro m th e “ Z o o " In C in
c in n a ti t o H a m ilton a n d 15 m iles fro m C in cin n ati t o L o c k la n d .
G au ge.
In ch es. O perates o v e r tra ck s o f C in cin n ati T r a c tio n C o. from
“ Z o o ” to F o u n ta in Squ are In C in cin n a ti.
O F F I C E R S .— P res., H . H . H o ffm a n ; V . - P . , B . L . K llg o u r; S e c . and
T r e a s ., A . J . B c c h t , all o f C in cin n a ti. V . 7 5 , p . 290 , 407 . 9 0 6 .
C L E V E L A N D , O H IO .
M U N IC IP A L TR ACTIO N CO —
R eceivership.-—- O n N o v . 12 1908 J u d g e T a y le r In a su it b r o u g h t b y the
C en tral Trust C o. o f N ew Y o r k , trifstee o f th ree Issues o f b o n d s o f th e
C levela n d R y . C o ., a n d c erta in cre d ito rs w h o In te rv e n e d , a p p o in te d W arren
B lck n cll o f C levelan d an d F . A . S c o t t re ceivers o f th e M unicipal T ra c. C o.
a n d p r o p e r t y c o v e r e d b y th e th ree m o rtg a g e s. T h ere has b e e n n o d e fa u lt
In p a y m e n t o f Interest u n d er a n y o f th e three m o rtg a g e s, n o r a n y a lle g a tio n
o f th e In s o lv e n cy o f th e C levelan d R y .
T h e rece iv e rsh ip w as gra n te d b e
ca u se o f th e I n s o lv e n c y o f th e M u n icipa l c o m p a n y , w h ich th e C ou rt said
h ad p r a c tic a lly n o assets, sin ce It lo s t th e lease o f C levlean d R y . lines a t
th e r ecen t r e feren d u m e le ctio n , a n d also b ecau se o f th e c h a o tic c o n d itio n s
a ris in g th rou g h th e d e fe a t o f the fra n ch ise. T h e M unicipal C o m p a n y r e
fu s e d th e r e q u e s t o f C levelan d R y . fo r retu rn o f possession o f lines c o v e r e d
b y lease, a n d receiversh ip w as gra n te d on c o n d itio n that C levelan d R y .
w a iv e its r ig h t to cla im th a t lease w as fo r fe ite d b y In so lv e n cy o f lessee c o m
p a n y - ,T1}e Pu rPOsc o f th e C o u rt Is to preserve p r o p e r ty , possession o f
w h ic h , it Is s ta te d . Is w ro n g fu lly w ith h e ld , in h o p e th a t a n e w fra n ch ise
m a y b e arra n g ed . See V . 8 7 , p . 1301.
O R G A N I Z A T I O N .— O rga n ized In 1906 w ith $ 1 0 , 0 0 0 (p-.r $100) capital
s t o c k , w h ich Is all ow n ed b y d irectors a n d o ffice rs o f c o m p a n y .
F o rm erly
leased and o p e r a te d th e F orest C ity R y ., b u t this latter w as In 1908 c o n s o li
d a te d w ith th e C levelan d R a ilw a y C o ., w hich the M unicipal T r a c tio n now
leases.
F o r term s o f latter lease see th a t c o m p a n y b e lo w . T h e M unicipa l
T r a c t io n u n d e rto o k to o p e r a te lines o n a 3 -ce n t fare basis e x c e p t to s u b u rb s ,
w h ere 5 c e n ts Is ch a r g e d , w ith pro m ise o f universal transfers.
U n d e r c it y
o rd in a n ce o f A p ril 27 1908, h o w e v e r (w hich w as passed th e sam e d a y th e
lease w as m a d e ), c o m p a n y has rig h t to ch arge 5 -ce n t cash fa r e , b u t m ust
sell 6 tick ets fo r a q u a rter; If a sm aller fare Is ch a r g e d , c o m p a n y m a y m ake
w ith th e c o n s e n t o f th e C ity C o u n cil, such ch a rge fo r transfers as shall n o t
Increase th e fare fo r a rid e and transfer In the aggregate a b o v e th e tick e t
ra te o f fa re p r o v id e d .
In case the M unicipal T r a c tio n falls to c a r r y o u t th e
term s o f Its lease, the C levelan d R y . C o . m a y o p e r a te Its o w n lines o n a basis
o f 6 tick ets fo r 25 cen ts u n til franchise ex p ire s, In 1933. T h e M u n icip a l T r a c
tion Is said n o t to be orga n ize d fo r p r o fit, and earnings re m a in in g a fte r p a y
in g o p e r a tin g e x p en ses, taxes and charges un d er lease m u st, It Is s ta te d , be
used fo r Im p rov em en ts a n d e x te n s io n s , th e o b je c t be in g to retu rn to the
p u b lic all earn in gs In excess o f o p e r a tin g expen ses an d fix e d ch arges. T h e
d ire cto rs are th e o ffic e r s given be lo w an d th e y are also the o w n e rs.
If a
d ir e c t o r dies o r resigns, a m a jo r it y o f the b o a r d has an o p t io n o n his h o ld
ings o f s t o c k — see V . 86, p . 1134.
O n A u g . 13 1908 cash fares (w hich h ad been 3 c e n ts , w ith 1 c e n t ad d itio n a l
fo r transfers) w ere Increased to 5 ce n ts , tick e ts In q u a n tities o f n o t less than
five b ein g sold at 3 cen ts each . O n S e p t. 1 1908 cash fares o f 3 ce n ts w ere
resu m ed , th e o n ly c o n d itio n be in g th a t passenger s u p p ly e x a c t a m o u n t.
V . 8 7 , p . 08 677.
O n F e b . 1 1009 fares w ere Increased to 5 ce n ts, w ith 11 tick e ts fo r 50
ce n ts , o n th e o ld C levelan d E le c tr ic lin es, e x c e p t th e W o o d la n d \ ve an d
W e s t S id e ro a d s .
O n th e tw o la st-n a m e d lines an d all the orig in a l 3 -c e n t
lines a 3 -c e n t fare w ill b e ch a rg e d , w ith 2 ce n ts e x tr a , as a t p resen t, fo r
passage b e y o n d th e c it y lim its. V . 8 8 , p. 3 7 5 .
O F F I C E R S A N D D I R E C T O R S .— P re s ., A . B. du P o n t; V . - P . , F rederic
C. H ow e; S e c ., E d w a rd W le b c n s o n ; T r e a s ., T o m L . Joh n so n ; A sst. See. and
T r e a s ., C. W . Stage: S econ d A s s t. T r e a s .. W illiam G rclf.
V 8 3 n 94
V . 8 6 , p . 1101; V . 8 7 , p . 2 2 6 , 415, 677 , 873 , 936, 1011, 1089. 130l| V . 88.'
P. o75.
(1) Cleveland Railway Company
Stock 7 ru stced.— O n O c t . 12 1908 It wras arran ged th a t a b o a r d o f n o t less
th an 7 n o r m ore th an 11. to g e th e r w ith a n y M a y o r an d C ity S o licito r lierca f t ? r.ue le c ‘ c d ’ d u rin g th eir term o f o ffic e , sh ou ld h o ld c o n tr o l o f th e s t o c k ,
shar,es we,r? tran sferred a c c o r d in g ly . T h is w as to a ffo r d assurance
t h a t th e ro a d w ou ld n o t b e c o n d u c te d fo r p ro fit. V . 8 7 , p . 1011.
1
F ra n ch ise N ot R atified by E lecto rs.— A t a special e le ctio n O c t . 22
1908 th e e le cto r s , b y an a d v e rs e m a jo r it y o f 605 In a to ta l o f a b o u t 7 6,000,
iJfln t 0 ™ tE y th e " s e c u r it y ” fra n ch ise g ran ted A pril 27 1908.
V . 87,
p . 1089.
T h is has p r o d u c e d ch a o s In loca l tra ctio n m a tte rs.
s u n . — o n O ct. 2 1908 c o m p a n y b r o u g h t su it aga in st th e M u n icip a l T r a c
tio n C o. to r e c o v e r ren tal d u e O ct. 1. T h e rental w as w ith h e ld becau se
th e c o m p a n y had refu s e d , w h en ren tal w as te n d e re d , to s tip u la te th a t the
m o n e y w o u ld b e a p p lie d on a c c o u n t o f th e p a y m e n t o f a 1 ) 4 % d iv id e n d ;
u
d e e m e d In a d v isa b le t o d e cla re a d iv id e n d a t th a t tim e .
V . 87,
p . 936.
R eceiversh ip or M ortgaged P r o p e r ty .— See M u n icipa l T r a c tio n C o .
O R G A N I Z A T I O N .— In
1908 ch a n g e d n a m e fro m
th e C leveland
E l m r t c R a ilw a y C o. (w hich had In 1903 taken o v e r the C levelan d C ltv R y .)
™ £ n e,Y,?lan,£ ,R al 'YaY C? “ an d a u th o riz e d new s to c k to th e a m o u n t o f $ 3 5 ,
0 0 0 ,0 0 0 . T h e old s to c k o f C levelan d E le c tr ic R y . w as given a v a lu a tio n
P.eF ? h a rc, o r $ 1 2 ,8 /0 ,0 0 0 (th e s to c k h a v in g fo rm e r ly been $ 2 3 ,4 0 0 ,
000) w hich v a lu a tion w as agreed u p o n a fte r e x te n d e d co n fe re n ce , anil
w h ich w as p aid In new s to c k Issued b y C levelan d R a ilw a y a t a p a r ($100)
v a lu a tio n . O f the C levelan d R y . s to c k there w as reserved $8 026 000 to
p r o v id e fo r b o n d e d Indebtedn ess, an d $1 ,2 8 8 ,0 0 0 to c o v e r flo a tin g d e b t
T h e F o r e s t C it y R y . (w hich had first a b s o rb e d th e L o w F a re R y ) w as p u r
ch a sed fo r $ 1 ,8 0 5 ,6 0 0 s t o c k o f C levelan d R y ., th e shares o f the F o re st C ltv
R y .b e in g a c c e p te d a t th eir p a r ($100) va lu e . T h is a c c o u n ts fo r $23 ,989 600
o f th e $ 3 5 ,0 0 0 ,0 0 0 a u th oriz e d s t o c k , le a v in g a b a la n ce o f $11 010 400
w h ich Is reserved fo r exten sion s an d Im p ro ve m e n ts.
Lease to M u n ic ip a l Traction C o .— W as leased A p ril 27 1908 t o M u n icipa l
T r a c t io n C o . fo r 50 years fro m D e c. 31 190 7, w ith rig h t to s u cce s s iv e re
new als o f 50 years b y g iv in g n o t ic e 6 m on th s prior, to e x p ir a tio n d a te . T h e
fra n ch ises o f th e C levelan d R a ilw a y C o ., w h ic h , a c c o r d in g to a n o rd in a n ce
pa ssed A p ril 27 1908 b y C ity C o u n cil, w ere to ru n fo r 25 y ears fro m th a t
d a t e , w ere t o be ren ew ed e v e r y ten y e a rs, a n d w ere n o t a t a n y tim e to
h a v e less th a n 15 years o f life, or the lease w as to b e fo rfe ite d to th e C leveland
R y . G o.
D lv s . o f 6 % w ere to be p aid q u a rte r ly on the first d a y s o f
A p ril, J u ly , O c t o b e r a n d J a n u a iy on all s to c k a t a n y tim e o u ts ta n d in g
th e first p a y m e n t t o b e m a d e J u ly 1 1908; also an a m o u n t t o c o v e r in t. on
a11 ta x e s , a ssessm en ts, lice n se fe e s , & c. T h e o rd in a n c e o f A p ril 27
1908 also g a v e c it y rig h t to p u rch ase p s o p e r ty a t te rm in a tio n o f s tr e e t rail
w a y g ran ts (A p r il 27 1933) a t a p r ice to be a g re e d u p o n b y a r b itra tio n ,
s h o u ld the c it y a c q u ir e the legal rig h t to b u y , th e law s o f O h io n o t a t p resen t
p e r m ittin g m u n ic ip a litie s to ow n o r o p e ra te stre e t ra ilw a ys. S u b je c t to
th is o p t io n , th e lessee w as to h a v e th e rig h t to pu rch ase the p r o p e r ty a t a n y
tim e fo r a su m c o u a l to th e p ar v a lu e plus 1 0 % , p a y m e n t to b e m a d e In
o n e o f the m e th o d s d e s c r ib e d In th e lease.
V . 86, p . 1099.
A t a special
e le ctio n , h o w e v e r , h eld O c t . 22 1908. th e ele cto rs d e clin e d t o r a t ify th e
fra n ch ise, as n o t e d u n d er A lu n lclpal T r a c tio n .
V . 87, p . 1089.
STOCK AN D B O N D S—
D ate.
In terest. O utstanding.
M a tu rity.
S to c k $ 3 5 ,0 0 9 ,0 0 0 ($ 1 0 0 )____
$14 ,675 600 Tul 1 *oa 1 t '
C lev E lec R y 1st con s m t g c f 1893
5~g M -S
6,00<L000 M oh 1 1913
($1,000) g o ld , n o t red - c &
...r| In t. a t Central T r u s t C o ., N . Y . , T ru stee
E a s t C lev ela n d R R first m o r t 1892
5 M -S
1,000,000 M arch 1910
gage ($ 1 ,0 0 0 ).
In te re st a t C entral T r u s t C o .. N ew Y o r k
C levelan
relai d C ity C able R y g o ld
1899
5 g J-J
2 ,0 2 6 ,0 0 0 J u ly 1 1909
($1,000)
first
m
t
g
e
.
.
c
&
r
_. ..
,
, - , . nna '(C e n t r a l T ru st C o ., N ew Y o r k , T ru s te e .
9u v 1 1 9 0 s >
w as n ald.
E A R N I N G S .— Passen ger e arn in gs o f C levelan d E le c tr ic R y . o n ly fo r
c a l. y ea r 1007 w ere, gross, $ 5 ,5 9 3 ,8 0 6 .
In 1906, gross, $ 5 ,7 4 3 ,5 8 7 .
R O A D — C on sists o f a b o u t 250 m iles o f tr a c k .
M o stly 82 a n d 9 8 -lb .
* n r i ' S n n o 4t) m iles o f new tra ck are to b e c o n s tr u c te d .
O F M C E R S .— P res., H ora ce A n d rew s: S ec. and T r e a s ., H . J. D avies-
“ *»• > « *
^CLEVELAND
SO UTH W ESTERN A COLU M BU S R A IL W A Y C O - A
„ O R ,S.A ? f I Z A ? ! P NA r 'I n c o r P 0.ra^ c d ln ° h i o on M arch 4 1907 an d Is a
co n s o lid a tio n o f th e C levelan d & S ou th w estern T r a c tio n C o ., th e C levelan d
A sh la n d & M ansfield T raction C o. a n d th e O h io C entral T r a c t io n C o.
For
t ? w ? r i ? r enI c h i n « m e v - ,8 3 i P- V590- A ls o ow n s th e N o rw a lk G as &
r>n I1!007 a? 7 U r,C<i * 3 0 5 .0 °P Of th e $65 0,00 0 c o m m o n s to c k o f
th e M ansfleld R a ilw a y . L ig h t & P o w e r C o .
In 1007 also so m e o f th e s t o c k
h old ers o f th e S ou th w estern a cq u ire d c o n tr o l o f th e M ou n t V e r n o n c it y lin es,
b u t n o m erger co n te m p la te d at presen t. V . 85 p 283
R A IL W A Y S
31
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity
C o m m o n $ 7 ,5 0 0 ,0 0 0 ..................................... $ 3 ,7 0 0 ,0 0 0
.......................
P r e f $2
5 % cu
m ................ - ...............................
■ ,5 0 0 ,0
, 0 0.............
........
2,40 0 ,0 0 0 ............... ..
m o r tg a g e !
1907 5 A -O
326,000 A p ril 1 1927
$ 1 0 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )g c*«5crlln t. a t C levelan d T r . C o ., C le v e ., T ru stee.
C levelan d & E ly ria first m o rt-1 1895
6 M -N
200 ,000 M ay 1 1915
gage o n 18 m iles ( $ 5 0 0 ) ) In terest a t C itizen s’ S a v in gs Sc T ru st C o .,
S u b je c t t o eaU M ay 1 1 9 0 5 . J C levela n d . T ru ste e .
E lyria & O b crlln first m ort-1
1897 6 F -A
100,000 A u g . 1 1917
gage o n 9 m iles ($500) g o ld H n t e r e s t a t C levelan d T r u s t C o ., T ru ste e .
S u b je c t t o ca ll A u g 1 1907 •
Cle,Y Ji<£ , E ly r & O berlln co n s l
1899 5 g M -S
127 ,000 M ch . 1 1919
M $ o00 ,000 g ($1,000 e a c h ) ) In terest a t C levelan d T r u s t C o ., T ru ste e.
S u b je c t t o call M ch 1 1 9 0 9 . J
C levelan d E lyria & W estern f
1900 5 g F -A
1 ,0 7 3 ,0 0 0 A u g . 1 1920
YJ’? tn™ ? rtKage 51 .5 0 0 ,0 0 0 I n t . a t C leve. T r . C o ., C le v e ., T ru ste e , o r at
($1,000) g o ld .................... c & r l
N a t. B ank o f C o m m e rce in N . Y .
M ay be
„. .
_
.
.
I c a lle d a fte r 10 yea rs a t 100.
E lyria G ra fto n & S ou th ern ]
1902 5 g J-J
100,000 J a n . 1 1922
- a1"?* m o r tg a g e g u a r -[in t e r e s t a t C levelan d T r u s t C o ., C le v e la n d .
™ «e,e«d,
e & W ($ 1 0 0 ,-1
T ru ste e , a n d T ru st C o. o f A m e r ic a . N . Y . ,
000 ($1J)00) g o l d ............... c*J C an b e ca lle d at p a r on Ja n . 1 1912.
N orw alk G as & E le c tr ic first)
1900 6 A -O
110,000 A p ril 1 1920
m o rtg a g e $11 0,00 0 ($500) g f l n t . a t G uardian S . & T r . C o ., C le v e la n d ,
S u b je c t t o ca ll A p ril 1 1910J
T ru ste e , o r Chase N a tio n a l B a n k , N . Y .
C leveland
& S o u th w e ste rn ]
1903 5 g F -A
1.40 0 ,0 0 0 F e b . 1 1923
5FsL a a a a C? ? so1 m o rtg a g e In t. a t G u ardian S a v . Sc T r . C o ., C le v e la n d ,
1 .000) g . .c & r j
T ru ste e , o r T ru s t C o . o f A m e r ic a , N . Y .
° h 9 E T r a c first m o r tg a g e / 1899
5 g J -D
150 ,000 Jun e 1 1919
$15 0,00 0 ($1 ,0 0 0 ) g o l d . . c * ( In t. N . H a v e n T r. Co., N . H aven, C onn., T ru s .
O h io C entral T m c t lo n c o n s o ll-l
1903 5 g M -S
250 ,000 M ch . 1 1 9 2 3
d a te d m o rtg a g e $ 4 0 0 .0 0 0 ) I n t . a t C leve. T r . C o ., C le v e la n d . T ru s te e , or
(5500) g o ld -----------------------c*J
at N a tio n a l B a n k o f C o m m e rce , N . Y .
B o n d s.— O t th e 5 1 0 .0 0 0 ,0 0 0 new b o n d s, $ 3 ,5 1 0 ,0 0 0 are reserved fo r p rio r
liens an d $ 0 ,2 9 0 ,0 0 0 fo r e x te n s io n s . Im p r o v e m e n ts , & c. T h e y are s u b je c t
to ca ll a fte r 10 yea rs a t 105 an d a c c r u e d Interest. T h e C levelan d Sc S o u th
w estern b o n d s o f 1903 are s u b je c t t o ca ll o n a n d a fte r F e b . 1 1913 a t 105
and in te re s t. $ 1 ,6 0 0 ,0 0 0 o f this Issue are reserved t o retire c e rta in u n d e r
ly in g b o n d s.
O f the C levelan d B erea E ly ria Sc O berlln 5s d a te d M arch 1 1899, $30 0 ,0 0 0
rem ain ln reserve fo r th e re tire m e n t a t o r b e fo r e m a tu r ity o f th e d iv isio n a l
2s t? . ^ J li<e„ a m o u n t - ° f th e $ 1 ,5 0 0 ,0 0 0 C levelan d E ly ria Sc W e ste rn new
5s, $427,000 are reserved t o retire p rio r lien s. T h e O h io C en tral T r a c tio n
C o. c o n s o lid a te d b o n d s m a y be c a lle d o n or a fte r M arch 1 1908 u p o n 30
d a y s n o t ic e a t 105 an d Interest; $ 1 5 0,00 0 o f co n so ls are reserved t o retire
a like a m o u n t o f first 5s. F irst m o r tg a g e w as o rig in a lly $20 0,00 0 a u th o r
ized" h u t $50 ,000 ca n ce le d s u b s e q u e n tly .
E A R N I N G S .— F o r ca le n d a r y e a r 1908, gross, $77 5,73 7; n e t, $ 2 7 4 ,1 3 5 ;
ch arges, $24 3,54 4; surplus, $30 ,591 .
„ , R ? A D .— O perfites 134 m iles o f tr a c k in a n d fro m C levelan d t o B e r e a .
E lyria , O b e rlln , N o rw a lk . iMedina, W e llin g to n , N o rth A m h e rs t, L o r a in .
W e s to n . C h ip p e w a L a k e , S e ville , W o o s t e r , LInn dale an d P u rlta s S prin gs;
also 30 m iles fro m G allon to B u cy ru s a n d fro m G allo n to M an sfield. C o m
p le te d In 1909 a line 44 m iles lo n g fr o m S ev ille , o n th e m ain lin e , v ia A sh
la n d to M ansfleld, c o n n e c tin g th e s y s te m .
T o ta l tra ck , 208 m iles, o f w h ich
132 m iles are o n p r iv a te rig h t o f w a y ; 60 a n d 7 0 -lb . rails. S ta n d a rd g a u g e.
O perates 70 cars.
A lso d o e s fre ig h t an d express bu sin ess. C o m p a n y o w n s
P u rltas Springs a n d Seecalu m P a rk a n d reaches C h ip p e w a L a k e .
A lso
ow n s and o p e ra te s e le ctric-lig h tin g p la n t In N orw alk .
O F F I C E R S .— P res-, F . E . M yers; 1st V .- P ., A . E . A k in s; 2d V . - P . ,
L . J. W o lfe ; S e c ., E . F . S ch n eid er; T r e a s ., J . O . W ils o n ; A u d ito r , H . B .
C avanaugh; G en. M a n ., C. N . W ilc o x o n .
G eneral o ffic e , C le v e la n d .—
V . 8 4 , p . 338, 449 , 569, 748 , 995 , 1113; V . 8 5 , p. 283; V . 88, p. 294 , 504.
(1)
M an sfield R a ilw a y , L igh t & P o w e r C o .— A t r o lle y r o a d .
In 1007 co n tr o l pa sse d t o th e C le v . S o u th w e ste rn & C o lu m b u s R y . C o .
O R G A N I Z A T I O N .— Successor ln A p ril 1903 to th e C itizen s’ E le c t r ic
R a ilw a y , L ig h t Sc P ow er C o , w hich ln tu rn w as su ccessor t o th e M ansfield
E le c tr ic Street R y . O w ns en tire s tr e e t ra ilw a y an d e le ctric lig h t s y s te m s
In th e c it y . C ity fra n ch ise runs till 1925.
STO C K A N D B O N D S—
D a te.
In terest. O utstanding.
M a t u r it y
C o m m o n , $ 6 5 0,00 0 ($ 1 0 0 )..... ...........................................
$650,000
P r e f., $35 0,00 0 ($100) 6 % cu m ................................
3 50 ,000
1907.
6%
C itizen s' first m o r t. ($ 4 0 0 ,-/ 1901
5
20 0 ,0 0 0 A p ril 1 192 3
000) ( $ 5 0 0 )............... ............. /In te r e s t a t C levelan d T r . C o ., C levela n d . T r .
M ans R y L t & P gen m tg e $1,-J 1903
5 g A -O
74 2 ,0 0 0 A p ril 1 1918
000,000,g ($500& $1,000) c * ]U n io n S av . B k . & T r . C o ., C ln ., T ru ste e .
B o n d s.— Interest on th e new b o n d s o f th e M ansfield R a ilw a y L ight Sc
P ow er C o. Is p a y a b le at R u d o lp h K le y b o lte Sc C o .’s o ffic e , N ew Y o r k ,
C in cin n ati and C h ica g o . $ 20 0,00 0 o f th e new b o n d s are reserved t o retire
th e b o n d s o f th e o ld C itizen s C o m p a n y and $58 000 fo r fu tu re a c q u is itio n s
and Im p ro v e m e n ts . A reserve fu n d o f $10 ,000 per a n n u m Is m a in ta in e d , t o
be used fo r ex te n sio n s an d im p ro v e m e n ts .
N o t s u b je c t t o c a ll. See V . 7 6 ,
p. 810.
E A R N I N G S .— F o r ca le n d a r y e a r 1907, gross, $20 2,79 8; n e t, a fte r ta x e s ,
$84 .794 ; Interest o n b o n d s and 6 % o n n ref. s t o c k , $68 ,1 0 0 ; surplus, $16 ,694 .
R O A D .— O w ns an d o p erates 9 m iles o f tra ck In M ansfleld and an Inter
u rban line o f 12 m iles t o S h e lb y ; 60 an d 7 0 -lb . T rail. 40 c a r s .— V . 7 8 , p
2442; V . 8 3 , p . 1291; V . 8 5 , p . 284.
C L E V E L A N D P A I N E S V I L L E & E A S T E R N R R .— (See M a p on P a ge 30 .)
O R G A N I Z A T I O N , & c .— In c o r p o r a te d In O h io on A p ril 25 1895.
R oad
co m p le te d ln J u ly 1898. F ran ch ises e xp ire ln 1920, 1922 an d 1926.
In
Jun e 1906 a cq u ire d co n tr o l o f the C levelan d P a ln esvllle & A sh ta b u la R R .
V . 82. p. 1322, 1379.
O R G A N I Z A T I O N . & c . — I n c o r p o r a te d In O h io o n A p ril 25 1895. R o a d
co m p le te d In J u ly 1898. F ra n ch ises e xp ire In 192 0, 1922 an d 1926.
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity
S to c k $2,00 0 ,0 0 0 (par $ 1 0 0 ) . ..........................................$2,0u 0.000 __________
First m o rtg a g e $50 0,00 0 g o ld f 1896
5 g A -O
500 ,000 A p ril 1 1916
($1 000 e a c h )____________ c * i In te re st at M o rto n T ru st C o ., N . Y . , or
„ ,,
l C levelan d T ru st C o .. C levela n d , T ru s te e .
C ollateral trust n o te s $500. 1 19o7
6 J-J
50 0 ,0 0 0
S< e te x t
000 , p a r S i , 0 0 0 ------------------ / l o t at C le ve la n d T r . C - . , C le v e .. T ru ste e.
C o n so lid a te d m o rtg a g e $ 2 ,- f 1898
5 A -O
631.000 O c t . 1 1 9 1 8
00 0 ,0 0 0 ($1 ,0 0 0 ) g o ld ...........i
I n t. a t D im e S avin gs Sc B a n k in g C o ., Clev.,
_ ,,
,
1 T ru s te e , o r T ru st C o. o t A m e r ic a . N . Y .
R e f g and e x te n s io n m tg e $ 5 , - f 1908
5 g M -N
See t e x t M ay 1 1 9 4 8
00 0 ,0 0 0 g o ld ($ 1 ,0 0 0 )— c M I n t . a t C le v . T ru s t C o ., C le v e la n d , T r u s t e e ,
l o r c o m p a n y ’s a g e n c y ln N ew Y o r k .
B o n d s .— O f th e $2 ,0 0 0 ,0 0 0 co n s o ls a u th o r iz e d , $ 1 ,0 0 0 ,0 0 0 Is re s e rv e d
to re tire u n d e rly in g liens.
I t Is p r o v id e d in n ew r e fu n d in g an d e x te n s io n
m tge . th a t rem a in in g $36 9,00 0 co n s o ls c a n n o t b e Issued.
O f th e r e f. an d
e x t .b o n d s . $ 1 ,6 3 1 ,0 0 0 are reserved to retire p r io r lien s, $ 3 6 9,00 0 are fo r
Im m ed iate exten sion s and Im p ro ve m e n ts an d $ 3 ,0 0 0 ,0 0 0 are reserved f o r
fu tu re ex te n sio n s and Im p ro v e m e n ts, to b e Issued o n ly w h en n e t earn in gs
fo r p re ce d in g 12 m o n th s h a v e b een n o t less than 2 5 % ln e xcess o f Interest
ch arges o n o u ts ta n d in g b o n d s , In clu d in g th o se to b e Issued. S u b je c t to
ca ll M ay 1 1938 o r o n a n y Int. d a te th ereafter a t p a r an d Int. o n 30 d a y s ,
n o tice . T h e c o l. tru st n otes m atu re J u ly 1 190 8, b u t w e re e x te n d e d fo r o n e
y e a r (V . 86, p . 1529).
R O A D .— O w ns ro a d fro m E u c lid , O h io , t o P a ln e svllle a n d F a lr p o r t,
24.02 m iles (“ M ain L i n e " ) , a n d uses C levelan d E le c tr ic R y . fro m E u clid
t o P u b lic S q u a re , C levelan d . 10 m iles; also ow n s “ S h ore L in e ,” e x te n d in g
fro m W illo u g h b y t o G len ville, O h io , 14.89 m lle3, an d uses th e C levelan d
E le ctric R a ilw a y C o .’s tra ck fro m G len ville t o th e P u b lic S q u a re , C le v e la n d .
5 m iles. T o ta l tra ck o p e ra te d (In clu d in g 4 )4 m iles o f d o u b le ) , 4 6 )4 m iles .
W ith th e C leve. P a ln esv. St A s h ta b u la fo rm s a c o n tin u o u s line from C le v e
la n d -to A s h ta b u la .
R a lls 6 8 -lb . g ird e r o n M ain L in e , 7 5 -lb . T o n F a lrp o rt
L ine and 7 0 -lb . T and 9 0 -lb . girder o n " S h o r e L in e ” ; 26 m o t o r cars an d 8
o th e r ears. P o w e r -h o u s e Is a t W illo u g h b y . C ar-houses a t W illo u g h b y .
P a ln esvllle an d N o ttin g h a m .
R E P O R T .— F o r yea rs e n d in g D e c. 31 1908.
1908.
1907.
1906.
1905.
1904.
G ross e a rn in g s........ .............. $295,812 $ 2 9 6 ,3 1 8 $27 1 ,1 0 0 $ 2 4 5,08 9 $225,751
E x p en ses a n d t a x e s .............. 167,298
157,197
143,993
141,270 1 3 6 , 0 2 1
N e t - - - . - ................................$128,514 $13 9,12 1 $ 1 2 7,10 7
F ix e d c h a rg e s.......................... 8 7 ,9 9 9
8 6 ,5 3 2
8 3 ,939
$ 10 3,81 9
8 0 ,8 3 0
$ 8 9 ,7 3 0
8 0 ,2 5 0
340 ,515
$52 ,569 $43 ,168
$ 22 ,989
$ 9 ,4 8 0
S u rp lu s .......................
O F F I C E R S .— P re s ., E . W . M o o re ; V . - P . , J. A . B eld ler; T r e a s ., E . V .
H ale: S e e .. F re d . S . B o r to n ; A sst. S e c . and T r e a s ., E . L . S c h m o c k . W il
lo u g h b y , O h io ; G en. M g r., J . J o r d a n .— V . 8 6 , p . 335 , 1525, 1529; V . 8 8 .
p . 374.
M A P
LAKE
SHORE
O P
T H E
E L E C T R IC
o
S u b
®
A . C . P o w e r
(o ) D . C . P o w e r
POINT
R A IL W A Y
S ta tio n s
H o u s e s
S ta tio n s
IE ISLAND
;s t T o le d o ;
i
CJyonduM Lg
.fTAVE!
M aum ee
MIABASH.
E L E C T R IC
>th______ Bon o'c
SOUTH BASSNSEANfr
[C u rt ic e
'
Y jr A V Illis t o n .
_ M a rtin >
KELLE.VS ISLAND
SkiJE llistorT0
C J iG E N O A
K o c k y .R id g e
D o w lin g
Shore
[Manbh
T l A k e j: AAv vo no n , ^ ^
|^g~N?.v<
D o ve r. 0
j
S.D over
C o u n ty L in e ,
r-r'
K in g s w fs ^
T o n to g a n
A L in d s e ;
.P e m O e r v i l l e ]
BOGART
G )B SO N BURG
'VA&S
H e le n a
B rad i
,
PREM ONT|
A lla v e n s ^ V
;
/
mila
'o
N .M o m o e v ille
LAKE
tjr e e n S p r in g
'OberiTh'
'W a k e m a n
^O R W A LK
J'ON ROEVI LLE1
^
|
.In d e p e n d e n c e
.F a lls /
M ille r s '
Graftoi
B r u n s w ic k *
" "B o sto n 7 ;
P e n in s u la '
L a jd r a n g e
'%
-W e llin g to n
O le a n
OHIO
’a i r l a w n
[V
M o r tim e r
F itc h v ille o 1
YORK
.A t t ic ;
.C e n te r to n ,
x C a rro th e rs
tew"Washington
.B ly m o u l
BALT.
W ad sw o rth ;
l x x x v i i i
^ G r e e n w ic h
.
tlo o m v ille
R iv e r S ty x
N ew London
o l
ilm s te i
N i c k e l 'P l a t e 4
H a r t l a n c T 2- - - - . a W o o ^ f o r d ;
.B r ig h t o n
C la rk s fie k
M o reh ead 0
W e a v e rs fC o rp e rs
B lo o m d a le
Rerlinville
r~o\ E . N o r w a l k
___5^ 2^ - C o llin s
S h a w v ille
L in n d a le '
H e n r ie tta
B E R L IN
* 7 H E IG H T S
T a rk e rtp w n /< i“
B u rg bon \ ^ ^
( Cygnet
B r o w n lie lm
I N .A m h e r s t
'A s h m o n t | q .
R ugby
ELYRI
B e rlin
tv.
R A IL W A Y S
llm o r e
F eb .. U)Oi).]
ELECTRIC RAILW AYS
(1) Cleveland Painesville & Ashtabula R R .
A trolley road.
Entirely
over private right of w ay, except through some of the villages, where
franchises expire In 1927.
In June 1906 control was acquired by the Cleveland Painesville & Eastern
R R . V . 82, p. 1322. 1379.
O R G A N I Z A T W N .-in c o r p o r a t e d In Ohio In 1902.
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Stock $1,000,000 ($100)...................................................... $ 1 ,0 00 ,000 .................. ..
First mortgage 5 1 ,0 0 0 ,0 0 0 / 1902
5 g J-J
850,000 July 1 1 9 2 2
gold (5 1 ,0 0 0 ).......................c * l l n t . at Cleveland Trust C o., Cleve., Trustee.
_ Bonds.— 5150,000 are reserved for future extensions and Improvements.
N o sinking fund and bonds cannot be called. See V . 75, p. 549.
R E P O R T .— For years ending Dec. 31:
Years—
Gross.
Net.
Fixed Charges. Balance.
J9 0 8 ------------------------------------ 5123,139
537,926
550,639
def.S12.713
0D r . 7 n ' -n ---------------------5122,363
543.152
548,613
def. 55,461
_ V i , — Operates 25 miles of track between Painesville and Ashtabula.
Put In full operation on July 30 1904. 70-lb. T and girder rail used. Track,
standard gauge. Connects at Painesville with the Cleveland Painesville &
E a?^ ,lol V .fikand at Ashtabula with the Pennsylvania & Ohio R y .— V . 82,
p. 1J22, 1379; V. 86, p. 337; V. 88, p. 374.
P A oXJtJ t
Bonds.— O f the $2,000,000 new bonds, $750,000 are reserved for prior
liens and $750,000 for extensions, etc. They are guar., prin. and In t., by
end. by the Lake Shore Fllec. R y .
E A R N I N G S .— For calendar year 1908, gross, $143,381; net, $52,8
Interest, $6 4 ,5 0 0 ; deficit, $ 11,693 .
R O A D .— Operates 24.77 miles of track between Elyria, Lorain and
Beach Park. Standard gauge. 28 cars.
<2) The Sandusky Fremont & Southern R y .
. O R G A N IZ A T IO N .— Incorporated in Ohio In April 1906 to act as
reeder of the Lake Shore Electric R y ., which owns the entire stock. Pri
vate right of way.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock, $2,000,000 -------------------Owned by the Lake Shore Electric R y .
1st
mortgage,
$ 2 ,0 0 0 ,0 0 0 / 1906
5 g J-J
$645,000 July 1 1 9 3 6
gold ($1,000) guar-------c*( In t. at Clt. Sav. & Trust C o., C leve.,
.
I trustee, or at Agency In New Y ork.
B U iv u s .— Are guaranteed, prin.and I n t ..b y end, by the L. Shore Elec,
not subject to call. See V . 83 , p . 1099.
p 97 A l 0 9 9 OperateS a 1InG fr0m Sandusky t0 Frem ont, 20 m iles.— V . 8 3 ,
C L IN T O N ^ I O W A .
T R AC TIO N CO.— A trolley road.
r im E L L O b U R E .— Road was ottered for sale In foreclosure proceedings
on June 25 1907 as a whole and In parcels. The sale as a whole was not
effected; only one division, the Chagrin Falls & Garrettsvllle, was sold.
I he latter was bid In In the Interests of the bondholders. The remaining
*wo divisions are to be ottered for sale a second time. V . 85, p. 40.
In
1909 a com m ittee representing the 1st and 2d m tge. bonds of Cleveland &
Chagrin Falls Electric R y. asked holders to deposit said bonds with a view
to foreclosure. V . 88, p. 504.
R E C E I V E R S H IP .— The road Is now being operated by Robert D . Beatty
R e ■,vi . ,v interest being p a ll.
O R G A N I Z A T I O N .— Incorporated In Ohio In Jan. 1902 as a consolidation
of the Cleveland & Eastern R y ., the Cleveland & Chagrin Falls Electric R R .
and the Chagrin Falls & Eastern Electric R y.
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Stock, $2,500,000 (5 1 0 0 ).
..............................
52.259,000 ..................
East Ohio Trac 1st con M,1 1902
5 g J-J
900,000 July 1 1922
52,500,000, g (5 1 ,0 0 0 )c * & r jln t. at Cleve. Tr. C o., Cleveland, Trustee.
Cannot be called.
J or Standard Trust C o., New York.
Cleveland
& Eastern
1st 1899
5 g J-J
5 1,000,000 July 1 1 9 1 9
m tge, 51,000,000 ($1,0 0 0 /In t. at Cleveland T r ., C o., Trustee, Cleve.,
each), g o ld ........................ c*J
or Standard Trust Co., New York.
Cleve & Chagrin Falls
1st 1806
6 g M -N
200,000 M ay 1 1916
m tg, 5200,000, g, red after/Interest at Guardian Trust C o., Cleveland,
May 1 1906 ( $ 5 0 0 ) .......... c*J
Trustee.
Cleve & Chagrin Falls newl 1000
5 g M -N
100,000 N ov 1 1920
m tg, $300,000 (5500), g , c/D Im e Savings & Bank C o ., Cleveland
Can be called 1910
J
Trustee.
Bonds.— Of the $2,500,000 1st con. m tg ., $1,300,000 were to take up
existing bonds and the balance held In treasury for extensions and con
struction. O f the Cleve. & Chagrin Falls m tg. of $300,000, $200,000 re
served for prior bonds.
R E P O R T .— For calendar year 1908: Gross, $259,172: net (after expenses
and taxes), $39,669. No Int. paid, all earns, being used for betterments.
R O A D .— Owned and operates 46 miles of track from Cleveland toChardon
Burton and MIddlefleld, 0 . , and from Cleveland to Hiram and Garretsvllle
,Y a Chagrin Falls, 40 miles. Total track operated. Including sidings,
95 miles.— V. 81, p. 1488; V. 85, p. 40; V . 88, p. 504.
B
LAKE SHORE ELECTRIC R Y .-(S e e M ap on Page 3 2 .)
O R G A N IZ A T IO N . -The Lake Shore Electric R y . was Incorporated on
Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain & Cleve
land R y ., the Sandusky & Interurban R y ., the Sandusky Norwalk & South
ern R y . and the Toledo Fremont & Norwalk R R . V . 73, p. 784. C. D
Barney & Co. of Philadelphia ottered the 1st consols for sale In April 1905'
and have a s < been placing the gen. mtg. bonds. About half the road Is built
on private rlc^ht of way; franchises for the remaining half were In 11)08
stated to have an average life of 15 years. Company has traffic agreement
py 'yhlch It enters the cities of Cleveland and Toledo over the tracks of the
local street railway systems.
Controls the Lorain Street R R . and the Sandusky Fremont & Southern
R y ., which see below.
In 1907 made contract to supply power to the
Toledo Findlay & F'ostorla and several other roads.
V . 85, p. 1646.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
Common, $4,500,000 (par$100) ................................
$4,500,000
Pref. $3,000,000 ($100),5 % c u ..........
................
3!000,000 ........ ..............
mterJ
000,0001 1903
5 g J-J
1.750,000 Jan
11923
(5 1 .0 0 0 ) , g o ld ---------------- c * ]I n t . at Citizens’ Sav. & Tr. C o., Cleveland,
„
,
l
Trustee, or Trust Co. of America, N . Y .
General
m tge. $ 7 ,0 0 0 ,OOOf 1903
5 g F -A
991,000 Feb 1 1 9 3 3
($1,000), gold ....................c*i Int. at Citizens’ Sav. & Tr. C o., Cleveland,
_
,
. „
l Trustee, or com pany’s agency In N . Y .
Lorain & Cleveland 1st, gf 1897
5 g J-J
750,000 July 1 1927
(5 1 .0 0 0 ) , $1,000,000 ---------j Interest at Cleveland Trust C o., Trustee, or
_ „
.
I Trust
Co. of America, New York.
T F &N 1st m tg, $1,500,000,1 1900
5 g J-J
1,500.000 Jan 1 1 9 2 0
g, guar ($500, $1.000) . . c * / I n t . at Union Trust C o ., Detroit, Trustee.
Bonds.— Of the $4,000,000 first consols, $2,250,000 are reserved to retire
prior liens, $4,000,000 of the general mortgage 5 per cents arc reserved
to retire the first consols and $78,000 for extensions and improvements
at 80 per cent of cost, and $1,229,000 are in the treasury of the company.
Neither Issue Is subject to call. A sinking fund of $10,000 per annum on the
first consols commences Jan. 1 1909 and runs until 1914. From 1920
to 1 9 2 2 ,Inclusive, $30,000 per annum Is payable. The L .& C . bonds can be
called after July 1 1917 at par and Interest. The T . F. & N . bonds can
be called at 110 and interest on any Interest date upon 90 days’ notice.
These bonds are guaranteed, principal and Interest, by endorsement by the
Lake Shore Electric R y . A sinking fund on the T . F. & N . bonds of $10,000
per annum commenced In 1905 and runs to 1909 Inclusive; from 1910 to 1914
$20,000 per annum ; 1915 to 1919, $30,000 per annum.
Lien.— The T . F . & N . bonds arc a first Hen on the division between
Toledo and Norwalk; the L. & C. bonds are a first lien on the road between
Cleveland and Lorain: and the new 1st consol, bonds a first lien on all other
lines and also a second mtge. on the divisions noted above.
^ - " e n d i n g Deo. 31, not Including Lorain Street R R .
Figures for 1908 and 1907 Include earnings of Sandusky F’rcmont & South
ern R y ., placed In operation Sept. 17 1907. See report In V . 88, p. 371.
_
.
1908.
1907.
1906.
1905.
Gross e a r n in g s -----------$867,269
$913,161
$860,720
$788,268
Oper. exp. and t a x e s ...
490,974
521,559
476,258
428,588
In terest.
S u rp lu s------Other Income-
$376,295
326,233
$391,602
294,073
$384,462
254,198
$359,680
244,850
$50,062
25,000
$97,529
25,000
$130,264
6,250
$114,830
$75,062
$122,529
$136,514
_______
N et surp lus........... ..
R O A D .—-Operates 150.13 miles, extending from Cleveland to Toledo
ana Sandusky, and from .Sandusky to Norwalk; also city lines in Sandusky;
standard-gauge, 70-lb. rails. Through line from Cleveland to Toledo was
opened for business about Aug. 26 1902. In addition owns the Sandusky
F'rcmont & Southern, 20 miles, and the Lorain Street R R ., 24.77 miles,
making a total of 194.90 miles. Has 53 double-truck Interurban oars. 23
single-truck city cars, 6 double-truck baggage and freight cars and 32 work
cars. Total, 114.
•
O F F IC E R S .— Pres., E . W . Moore, Cleveland; V .-P ., W . II. Price, Nor
walk, O .; V .-P . and Gen. M gr.. F. W . Coen, Norwalk, Ohio; Sec. and
Treas., John P. W itt , Cleveland.— V - 86, p. 285, 418. 668; V . 88 , p. 371.
(1) Lorain Street Railroad Co.— A trolley road.
O R G A N IZ A T IO N .-In e o r p o r tte d In Ohio on A u g. 3 1006, and Is a con
solidation of the Lorain S t. Railway and the Avon Beach & Southern R R .
E«mlA nir0 A
new cJ?n.so18 ov™ ed bY the Lake Shore Elec. R y .
STO C K A N D B O N D S Par.
Date.
Interest. Outstanding.
M aturity.
Stock ,$ 2 ,0 0 0 ,0 0 0 . . .
$10 0
..........................$2 ,000,000
....................
l8t
ll0 0 ° A8 0 4 .
6 JJ
200,000 Jan. 1 1 9 1 5
$ 2 0 0 ,0 0 0 .................../Interest Guardian Tr. C o ., Cleveland. Trustee.
L°.r; Sh ,,? y ^ n Con8.-il
L000
t 800 6 ( ? M -N
550.000 N ov. 1 1949
M ., $750,000, gold)
Int. at Guaranty Trust C o.. N . Y . . Trustee.
$1,000 _________ c*J
1st
consol,
m tge.] 1.000
1906
5 g J-J
500,000July 1 1936
$ 2 ,0 0 0 ,0 0 0 ,
g o ld ,[in t. at Clt. Sav. & Trust C o., C leve., Trustee, or
guar. ( $ l ,0 0 0 ) .. c , J
Agency In New York.
33
STREET R Y .— Operates 15 miles of track In city of Clinton,
perpetual: others limited to 25 years from N o v . 1908
72 to 80-lb T-rail. Stock $600,000 ($100), of which $599,800 is outstand.
J 'V n.ded debt consists of $400,000 ($1,000) authorized and outstand
bonds (c& r), dated 1906, due March 31 1926, Int. payable
V,, K°,*.d at Illinois Trust & Savings Bank, Chicago, trustee. Sub
ion? « -/bo
er 5 y ears at 105. Gross earnings for 1908, $128 ,0 0 0 ; for
19! &
“ S* earnings, $ 61,000 , against $52,000.
i„_r t ™ , . Ii s - ;r ? ,res-- c>
y °u n g ; V .-P ., D . Langan; Sec., A . L . Schuy
ler, Treas., C. C. Coan; Gen. M gr., B . Bohnsen.
___________
C O L O R A D O S P R IN G S , C O L.
COLORADO SP RIN G S & IN T E R U R B A N R Y .—
^ £ 5 ^ L I DN ,T II5 corP.orated ln A u £ - 1902 as a consolidation of the
C o lo r^ o Springs Rapid Transit R y . and the Colorado Springs & Suburban
S 7;,,
C«°in?nA
com pany, it was understood, would Issue $1,500,000
f 1 ’,®®0,000 5 % bonds, but Information as to new com pany reu Jb a close corporation and has neither stocks nor bonds on the mar
. P;® af® advised, however, that sufficient of the new bonds are reW
w
W
FaCtS below Telate solelv t0 the old Colorad°
Colorado Springs Rapid Transit—
« I w ^ M i n m O N D S M iles. Date.
Interest.
Outstanding.
M aturity.
5 K .S W * ':: v* im s -a-o - ’SSS-88S ,80‘.SS
" rInterest
UM
O r t 27
&.nr l E t r - ■ iSi?
Is payable at Chemical National Bank, New York City!
llm ,t®d t0 *50 0 .0 0 0 by cancellation of $250,000 of
the bonds, $338,000 reserved for first mortgage.
R O A D .— Owns 38 miles of track.
O F F IC E R S .— Pres., D . H . Rice; V .- P ., A . G. Sharp; Sec. W m L lovdTreas., C. S. Chamberlin.— 'V. 7 0 . p . 7 5 , 175, 3 2 8 .
L loy d.
C O L U M B IA , S. C.
t r o ^ y road U
ELECTRIC STREET R A I L W A Y L IG H T & P O W E R .— A
O R G A N IZ A T IO N .— Is a consolidation on July 1 1905 of the Columbia
Elec St. R y ., Lt. & Power Co. and the Columbia W a ter Power Co. The
first mentioned was organized ln S. Car. Jan. 6 1892 and was a consolidation
of the Columbia Electric & Suburban R y . Co. and the Congaree Gas A
Electric Co. Acquired the Columbia & Eau Claire Electric R y . The
c»i5y?!S-G.as Light Co. Is owned by friends of the com pany.
?.9^J P S—
Date.
Interest. Outstanding.
M aturity.
C om ., $ 1 ,0 0 0 ,0 0 0 ($100) ................................................... $ 1 ,0 00 ,000
P r e f .^ 6 0 0 .0 0 0
6%
cum .| ------J-J
600,000 Jan .’OY, 3 %
M ortgag e7«.¥ oo'.66dV *(*566 1905
5 g J-J
1.066,000 July 1 1935
« $ 1 ,0 0 0 -------------------------c* / Interest at Chtmlcal N at. B a n k .N w Y o r k ,
rv#
iTrustee, or com pany’s agency ln New Y ork.
.D o n d s .— O f the $2,000,000 new bonds, $1,066,000 are outstanding and
$5J4,000 are In the treasury and $400,000 are reserved for future better
ments. A sinking fund of $10,000 per annum commences July 1 1906.
t O f t M ^ . — F in t dividend on preferred stock— 3 % — paid July 1 1906;
Jan. 1907, 3 % ; none since.
. , « nAJ l n I f f ? S ’_ 7F2r calendar year 1 9 0 8 ,g ro ss,$428 ,8 1 8 ; n e t.after ta x es,
$209 ,6 1 0 ; interest, $ 1 14 ,76 0; surplus, $94,850 .
R O A D .— Operates about 25 miles of track. Also does all electric llghtng for city. Owns water-power contracts and water-power plant generat
ing 8,000 h .p . and 5,000 h .p. turbine.
O F F IC E R S .— Pres., and Treas.. E . W . Robertson; 1st V .- P ., Lewis M .
Parker; 2d V .-P . and Gen M gr., W m . Elliott Jr.; Sec., G. M. B^rry.— V . 8 1 .
p. 507, 974; V . 84, p. 931.
COLU M BU S, G A .
C OLUM B US ELECTRIC CO.—
O R G A N IZ A T IO N .— Incorporated ln Maine on Feb. 6 1903 and owns all
the securities of the Gas L t. Co of Columbus, the entire common and part
of the preferred stock of the Columbus Power Co. and the greater part of the
securities o f the Columbus R R . C o., which companies do the entire street
railway and lighting and power business of Columbus and the adjoining
towns of Phoenix and Girard. Franchises perpetual. The freight lines
are leased to the Seaboard Air Line R y . for 50 years from Oct. 17 1901 at a
rental of $7,500 per annum.
STO C K A N D B O N D S —
Date.
Interest.
Outstanding. M aturity.
C om ., $1,500,000 ($100) .................................................
$1,500,000 .......................
Pref., 6 % non-cum ., $5001 ____
J-J
272.000 J . n ’0 9 ,3 %
000 ($100)..................
1st coll. M .. $1,500,000 gold] 1003
5 g A -O
....................
„ ..............
.....
691,000 A p
r. 1 1933
„ {•LOOOl................................ c*/Interest at City Trust C o., Boston, Trustee
Col.
RR.
1st
m ortgage,/ 1898 5 A-O
423,000 O ct. 1 1937
_ *450,000 , g. ($ 1 ,0 0 0 )___\ ln t. at W e st End Trust C o., Phlla., Trustee.
Col. R R . 2d mortgage: 1st] 1903
6 A -O
250,000 O ct. 1 1937
pref.,
Inc.,
gold,
non-/Interest at City Trust C o., Boston, Trustee,
cu m ., $250 ,0 0 0 ...................... J
G. L. Co. of Col m tge.................1891
6 J D
15,000
June 1 1911
Stock and Bonds.— $22,000 of the $272,000 pref. stock outstanding is held
ln trust for benefit of company. Of the $450,000 Columbus R R . 1st m tge.
bonds, $27 ,0 0 0 are reserved to retire underlying 6 % bonds of like amount
due ln 1913. The new $1,500,000 bonds of the Columbus Elec. Co. are subject
to call on or after April 1 1908, as a whole, at 105 and Int. $80,000 are re
served to retire a like amount of Columbus R R . bonds. An ’ ■improvement
fund” of 2 % per annum of outstanding bonds commenced ln 1005.
Dividends.— First dlv. on pref. stock, 3 % . was paid Jan. 1907: 3 % was
again paid July 1907.
In 1908, Jan ., 3 ? i : July. 3 % .
In 1909, Jan., 3 % .
R O A D .— Operates 25.7 miles of track, of which 5 miles leased to Seaboard
Air Line. 45 cars. Standard gauge. 40, 56 and 60-lb. rail.
E A R N IN G S .— For 12 months end. Dec. 31 1908, gross, $358,497; net,
$179,751; charges. $141,141; improvement fund, $14,840; dividends, $15,
000; surplus, $8,770.
O F F IC E R S .— Pres., Charles F . W allace; V .- P ., E . Howard George: S e c .,
Clement R . Ford; Treas., H enry B. Sawyer: Gen. Mgrs. and Transfer Agts.
Stone & W ebster, B oston.— V . 8 2 , p. 509; V . 8 3 , p. 1590; V . 84 , p. 931.
(1) Columbus Power Co.
O R G A N IZ A T IO N .— Is a consoUdatlon ln March 1906 of the Columbus
Power C o., the Coweta Power Co. and the Chattahoochee Falls Co. Entire
co5 1^ t^ >?,k and Part of the pref. Is owned by the Columbus Electric Co.
STOCK A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Common, $1,500,000 ($100).......................................
$ 1 ,500,000
..................
Pref, $1,500,000, $100, 6 % \
non-cum , red at 105............./ .................................
350 000 .................... 1st m tge, $4,000,000, gold.l 1906
5 g A-O
1 ,375,000 April 1 1936
guar-------------------- --------------- c /I n t . at Commonw. Tr. C o., Boston, Trustee.
Gold notes, $250,000, guar,] 1906
5 g A -O
250,000 April 1 1911
principal and Interest, by/R edeem able at par on any Interest date.
Columbus Electric C o.......... JInterest at National City Bank, New Y o rk.
[V O L . LXXXTI1I.
ELECTRIC RAILWAYS
34
B o n d s — O f the $ 4 ,000,000 authorized, $2,625,000 are reserved for
future purposes. Are guar., p. & 1., by Columbus Electric Co
A sinking
fund of 1 % of bonds out commences April 1 1912.
Bonds subject to call as
a whole (or in part for sinking fund) at 110 and Interest on any int. date.
P L A N T .— Controls by ownership or lease developed water power on
Chattahoochee River aggregating 9,000 h. p. Also owns steam plant of
3 000 h. p. In city of Columbus. Proposes to have an ultimate hydraulic
development of 75,000 h. p .— V . 82, p. 512.
C O L U M B U S , O H IO .
O HIO ELEC TR IC R A I L W A Y CO.—
Incorporated M ay 1907 In Ohio with $100,000 capital. On A u g. 27 1907
this was Increased to $ 2 5 ,0 0 0 ,0 0 0 , half common and half preferred. On
Sept. 1 1907 the company acquired by lease the Indiana Columbus & East
ern Traction Co. an d, by purchase, the Lima & Toledo Traction C o ., which
It Is now operating In the following districts: W estern district, D ayton to
Richmond and D ayton to Union C ity; central district, D ayton to Columbus
and Springfield to Lim a; eastern district, Columbus to Newark and Zanes
ville, and also Columbus to Grove City and Morgan; northern district, Lima
to F t. W a y n e, Lima to Defiance and Lima to Toledo. The line from Bellefontalne to Lim a and O ttaw a to Toledo was completed In 1908. The Ohio
Electric Railway Co. on Feb. 1 1908 also acquired from the Cincinnati
Northern Its lease of the Cln. D ayton & Toledo Traction C o ., the latter run
ning from Cincinnati to D ayton. W ith the local lines In Lim a, Newark,
Zanesville and other points comprises 700 miles of track, as well as the elec
tric-lighting and power plants In Lim a and Zanesville. All of the proper
ties mentioned belong to the Morgan-Schoepf Interests, and the Ohio Electric
Railway lines will be affiliated with the properties of the Morgan-McGowan
Interests In Indiana.
STO C K A N D B O N D S —
Date.
Rate % .
Outstanding. Dividend.
$8,000,000 .......................
Com m on, $ 1 2 ,5 0 0 ,0 0 0 ...................................................
Preferred, $ 1 2 ,5 0 0 .0 0 0 .................................................8,000,000 .......................
Stock.— Preferred Is entitled to dividends of 2 % In 1908, 3 % In 1909, 4 %
In 1910 and 5 % thereafter.
O F F IC E R S .— Pres., W . Kesley Sclioepf; V . - P . . ’s Norman M cD. Craw
ford Dana Stevens and .T. B. Fnraker; Sec. and Treas.. F. A . Hcaly.— V . 8 4 ,
p. 1248; V . 85, p . 531, 6 0 1 ,1 1 4 4 ; V . 86, p 338; V . 87, p. 38.
(1)
The Indiana Columbus & Eastern Traction Co.— A trolley road.
Leased to the Ohio Electric R y . Sept. 1 1907.
Latter company guaran
tees Interest on bonds and 5 % dividends on pref. stock.
O R G A N IZ A T IO N .— Incorporated In Ohio on April 14 1906 and has ac
quired the Dayton Springfield & U rbana Elec. R y ., the Columbus London
& Springfield R y ., the Columbus Grove City & Southwestern R y ., the
Urbana Bellefontalne & Northern R y ., the Springfield & Western R y ., the
Dayton & Northern Traction C o ., and about 12 miles of the D ayton &
Muncte Traction C o., extending from Greenville to Union C ity, on the
Indlana-Ohio State line, the remainder of the road (from Union City to
Muncle) being acquired by the Indiana Union Traction Co. Has also ac
quired the Columbus & Lake Michigan R R ., a steam road, operating be
tween Lim a and Defiance, which will be converted to electricity. Has
made contract with W estern Ohio R y . for supply o f power from that comDany until 1913. Franchises have an average life of 25 years.
Leases the Dayton & Western Traction Co. and the Columbus Newark &
Zanesville Elec. R y ., which latter company had previously absorbed the
Columbus Buckeye Lake & Newark Traction Co. and the Zanesville R y . Light
& Power Co. Completed In 1908 a line from Bellefontalne to Lim a, 32
C O L U M B U S R Y . & LIG H T CO.— Trolley and electric light.
O R G A N I Z A T I O N .— Incorporated In Ohio on May 12 1903 and acquired
under lease the Columbus R y . Co. and the Columbus Edison Co. at a rental
of guaranteed dividends at the rate of 5 % per annum on the preferred stock
of the former and 6 % per annum on the preferred stock of the latter, and 5 %
per annum on the common stock of each, the dividends on the common
of each company to commence Sept. 1 1903.
Holders of common stock of
the two companies were allowed to subscribe to the stock of the new com
pany to the amount of their present holdings, 2 0 % to be paid In cash and
the remainder subject to call, but not more than 1 0 % in any one year.
See V . 7 6 , p. 1142. Lease was slightly amended In Jan. 1900 (V . 82, p.
160) and bonds and stock of the Columbus R y . Co. are to be taken by the
lessee at par In payment of advances made by the lessee for construction
and Improvement of property. In July 1906 the U . S. Court granted a
perpetual Injunction restraining the city from enforcing an ordinance
passed in 1904 reducing the charge for electricity.
V . 83, p. 94, 323.
On March 4 1907 leased for 50 years the Columbus Traction C o., which Is
the successor to the Central Market Street R y .; for terms of lease see that
com pany below.
On Sept. 14 1908 stockholders ratified lease of the Columbus Light, Heat
& Power C o ., after the latter had acquired the property of the Columbus
Public Service C o.— see statement below. V . 87, p. 740.
Shareholders of the Columbus Edison Co. (see below) voted March 2 1908
to Increase authorized common stock from $450,000 to $750,000 and pre
ferred from $550,000 to $750,000. V . 86, p. 288, 796.
STO C K —
Date.
Interest. Outstanding.
Dividends.
I $5,000,0001
Stock. $5,0 0 0 .0 0 0 ................................. .
Quar. \2 0 % paid In. f Jan >09, K %
E A R N I N G S .— Of Columbus R y. & Light Co. for cal. year 1908: Gross,
$ 2 ,3 0 0 ,7 4 6 ; net, $1,115,141; fixed charges, $968,018; dividends, $100,000;
surplus, $ 47,123 .
1907: Gross, $2,256,519; net, $1,102,640; fixed charges,
$911 ,05 9; dividends. $75,000; surplus, $110,581. Total passengers car
ried, Including transfers, was 6 1 ,0 4 5 ,7 9 0 , an Increase of 541,688 over 1907
Dividends.— Elrst dlv. on Columbus R y . & Light stock, 1 % , was paid
Jan. 15 1906, and 1 % was again paid July 16 1906; In 1907, Jan. I , 1 % ;
July 15. 1 % : and also K % Oct. 1907.
In 1008, F e b .. K % ; A p r., H % :
June, 'A % ; O ct., K % In 1909, Jan ., K % The new general and refunding mortgage bonds were listed on the Phila
P R O P E R T IE S C O N T R O L L E D .— The Col. R y . & Light operates 109
miles of track 5.0 of which Is a new suburban line and 12 miles Interurban. delphia Stock Exchange In February 1907. V . 84, p . 339. See description
Also leases Columbus Traction lines, 16 miles. Controls practically all of of bonds, property, & c., In V . 83, p. 37.
the electric light, power and hot-water heating business of Columbus.
Outstanding.
Maturity.
STO C K A N D B O N D S—
Date.
Interest
Common, $11,000,000 ($100).....................................
$ 1 1 ,000 ,000 . . . ...............
O F F IC E R S .— Pres., Robert E . Sheldon; 1st V .- P ., Gen. Mgr. and Treas..
1,000,000
See text.
Preferred, $1,000,000 ($ 1 0 0 ) .............
5%
E . K . Stewart; 2d V .-P ., C. M . Clark; Sec. and Auditor, P. V . Burlngton.
6,645,000
May
Gen and ref m tge, $12,000,-1 1906
5 g M -N
.
.
. 1 1926
— V . 82. p. 160; V . 83, p. 94. 323, 1523; V . 84, p. 51, 157, 3 3 8 , 995; V . 85
000, gold ($ 1 ,0 0 0 ) ...........c* Int.at P a .Co.for Ins.on L. &G. A . ,Phlla.,Trus.
p. 864; V. 86, p. 284, 420; V . 87, p. 96, 3 16, 513, 740, 1478.
Col Lon & Spg 1st mtge, $1,-1
1900 5 g A -O
500,000 Oct 1 1920
C O L U M B U S R A I L W A Y CO.
500,000,
gold ($1,000) - - c * ) l n t . at N . Y . Trust C o., New York, Trustee.
STO C K A N D B O N D S—
Date.
Interest. Outstanding. Last dlv..& c Col Grove City & S W 1st
1901 5 J-J
5 ,0 0 0 July 1 1921
JMch 1 1909
Stock, common, $3,500,000
m tge, $250,000 ($1,000) . c New York Trust C o., New York, Trustee.
____
5 Q-M
$3,000,0001
1K %
($100) .................... ...................
Day Spg & Urb 1st mtge.l
1898 5 g M -N
7 50,000 Nov 1 1928
/F e b 1 1909
Stock, preferred $3,500,000
$750,000, gold ($1,000) . ../I n t e r e s t at N . Y . Trust C o ., N Y . , Trustee.
____
5 Q -F
3,500,0001
1K %
($100), 5 % cum guar..........
Bonds.— O f the $12,000,000 new bonds, $7,900,000 are to be Issued for
5 g J-J
490,000 July 1 1909
Col Con Street R R 1st g, m ay/ 1889
purchase of present properties and Improvements. O f this $7,000,000,
Interest
at
Central
Trust
C
o.,
New
York
be called for s f at 1 1 0 -----$1,250,000 are held to retire the underlying liens given In table above.
1892
5 g J-J
2,510,000 July 1 1932
Col St R y 1st, $3,000,000,
The remaining $4,100,000 are reserved for future betterments. Improve
gold ....................................... c* Interest at E. W . Clark & C o., Philadelphia. ments and extensions, and can only be Issued as follows: $500,000 when
Knickerbocker Trust C o., N . Y . , Trustee.
1893
5 g J-D
572,000 June 1 1933 net Income Is equal to 1 1-10 times Interest charges on all bonds, Including
Crosstown 1st m tge, gold, gu,
those to be Issued, and $3,600,000 when net Is equal to 1 K times Interest
rtn & ln t -------- --------- — c* Knickerbocker Trust C o., N . Y . , Trustee. charges. Including lnt. on bonds to be Issued. These bonds are subject to
4 Q-J
3,42 8 ,0 0 0 Oct 1 1939
R y 1st consol m tge, $ 7 , 1899
call In whole, but not In part, after May 1 1911 at 105 and lnt. $4,900,00#
000,000 ($1,000), gold, c* Interest at Union Savings Bank & Trust Co. of these new bonds were sold to a syndicate headed by Drexel & Co. o f Phlla.
of Cincinnati, Trustee, at E . W . Clark &
Bonds are redeemable after
__ Int.
C o., Philadelphia, or at company’s office. The Columbus London & Springfield bonds m ay be called after 1906 at
Oct 1 1914 at 105 and
Bands.— The Columbus Street R y . m tge. of 1892 Is for $ 3,000,000, of 110 and lnt. A sinking fund on these bonds of 5 % of gross earns, begins
with year ending Sept. 30 1906. See V . 7 1 , p. 963. The Dayton Spring
which $490,000 are In hands of Trustee (Knickerbocker Trust C o., N . Y . .
to retire the Col. Consol. S t. R R . firsts. The CrossUnon Street B y . 1st mtge. field & Urbana bonds are subject to call at 110 and Interest since N ov. 1
Is for $ 2,000,000, of which $572,000 are outstanding; the rest have been can 1905. A sinking fund of 5 % of gross earnings began In 1903.
R O A D .— W ill operate 444.79 miles of track (Including 138.98 mites of
celed. Principal and Interest of the Crosstown bonds were guaranteed by
leased lines) extending from Zanesville on the cast via Newark to Columbus
the old Columbus Street R y . Co.
O f the $ 7,000,000 mtge. of 1899 of the Colvrabus R y .. $ 1 ,500,000 were and thence through Springfield to Dayton, and from Dayton to Muncle, In d .,
and Richmond. Ind ., where connection Is made with lines to Indianapolis,
Issued la paym ent for the Columbus Cent. R g. property; $3,0 0 0 ,0 0 0 will
and north from Springfield through Urbana and Bellefontalne to Lim a and
be held In trust to retire the Columbus S t. R y . and the Columbus Consol.
Street R R . bonds, $572,000 to retire the Crosstown m tge. bonds and $300 , to Defiance, all In Ohio.
000 to take up unsecured 4 % notes of the Columbus Street R y .; $1,628,000
O F F IC E R S .— Pres., D. G. E d w a r d s ; V . - P . , J . B Foraker Jr.: Sec., E. A .
was reserved to be used hereafter from time to time In making extensions.
Russell: Treas., W . H . Schubert.— V . 83, t>. 37, 155, 380, 626, 1098; V . 84,
Improvements and additions— $628,000 upon a 2-3 vote of directors, the p. 339; V . 85, p. 600; V . 86, p. 721; V . 87, p . 37.
other $1,000,000 only-on a vote of stockholders. This covers the whole
(a) Dayton & W estern Traction.— Trolley road
$7 0 00,000 .
In the table above we report as outstanding $ 3 ,4 2 8 ,0 0 0 .
O R G A N IZ A T IO N .— Incorporated on June 26 1898. W a s leased on June
This Includes $1,500,000 issued In payment for the Columbus Central R y .,
15 1906 to Ind. Colum. & East. (V . 8 2 . p. 1437). For terms, see below.
$300,000 Issued under the clause providing for the retirement of 4 % notes
In June 1006 we were Informed that franchises expire some In 17 and
and $1,628,000 under the clauses concerning Improvements.
Franchises.— Circuit Court at Columbus, O ., on June 25 1003 handed
some In 44 years.
^ , .
_
,
a
down a decision sustaining the claim of the Columbus R y . to perpetual
ST O C K A N D BO N D S—
Date
Interest. Outstanding.
Last D lv .
franchise rights on certain streets. V . 77, p. 35.
Stock, $900,000 ($100).........................
Q-J
$900,000
Sec text
Do
pref, $ 850 ,00 0, 5 % ,1
_ .
„
C O L U M B U S E D IS O N CO.
cum ($100)
___ / _____
Q-J
850,000
See text
Maturity.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
Dividends. —"Lease"taking effect June 15 1906 provides for 5 % per annum
Common ($100) $750,000 ....................
5 Q-M
$630,000 Dec *08. I K %
on pref. stock and 5 % on com. stock In 1906 and 1907, 5 K % In 1908 and
730.000 J a n ’09 , 1 A %
Prof 6 % cum ($100) $ 7 5 0 ,0 0 0 .............
6 Q-J
6 % thereafter.
450.000 N ov 1 1922
Col Elec 1st m tge. gold, guar.............
6 g M -N
R O A D — Dayton, Ohio, to Richm ond, In d ., 40 miles, with branch front
300.000
April
1 1929
5 g A -O
_____
.
Col Ed El 1st mtge, gold, guar............
New W estvlllc to New Paris, 2 K miles; total. 42 K miles. A t Richmond
Bonds.— Both underlying liens are guaranteed by Columbus Edison Co.
connection Is made with Richmond Street & Interurban R y ., thus making
(1) Colum bus Traction Co.— A trolley road.
a through line from Indianapolis, via D ayton, to Columbus, a distance of
184 miles
V . 82. D. 1437; V . 83, J). 36, 94, 379.
O R G A N IZ A T IO N — Incorporated In Ohio on Dec. 26 1906 and Is suo
O F F IC E R S .— Pres, and Treas., Valentine W inters, D ayton; Sec., R . R .
cessor to the Central Market Street R y ., sold under creditor’s bill In Feb,
ruary 1906, subject to the $500,000 bonds. New company Is leased to the
Dickey Jr., Dayton.
Columbus R y . & L t. Co. for 50 years until 1957, rental being 5 % on pref.
(b) Columbus Newark & Zanesville Eieclric R y .— A tro lle y road.
stock; com . stock receives 1 % on Jan. 1 and July 1 1908 and Jan. 1 1909;
O R G A N IZ A T IO N .— In c o r p o r a te d In Ohio o n July 2 1902, and In May
1 A % on July 1 1909 and Jan. 1 1910: 2 % July 1 1910 and Jan. 1 1911 and
1904
absorbed the Newark & Granville Street R y .
In May 1006 acquired
I K % quarterly thereafter. The Col. R y . & Light Co. owns $250,000 of
the pref. stock, leaving $250,000 In the treasury of Traction Co. for better the Columbus Buckeye Lake & Newark Iractlon C o., the preferred share
holders being given $500,000 In pref. stock for their holdings. Also took
ments and Improvements, and owns all of the common of this company.
Franchise provides that tickets shall be sold 8 for 25 cents and that a 5-cent over the Zanesv. R y . Light & Power Co. and was then leased on June 23
1906 to the Indiana Colum. & East. Trac. Co. for length of franchise and
cash transfer be Issued to all lines entering or using the Columbus London
renewals thereof
Rental is Interest on bonds, an amount equal to 6 % on
4c Springfield R y . Co. Interurban loop.
the preferred stock and $500 for organization expenses. V . 83, p. 625.
STO C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Entire common stock Is owned by Onlo Electric R y . Co.
Common. $500,000 ........................................................
$500,000
See te x t.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Preferred, $500,000 ____ - .............................................
250,000
See te x t.
i-x -f—
T -nv nY ;
Common, $5,750,000 ($100)...............
Cent Mar 1st mtge, $500,000.1 1902
5 g J-J
500,000 Jan 1 1922
P f, 6 % cum. $500,000 ($100) .
---- 6Q J
1
gold ($ 1 ,0 0 0 )...................... c*/Interest at N . Y . Trust C o., N Y . , Trustee.
1st m tge, $ 2,000,000, goldl
1904 5 g M -S l,2o0J)00
Mch 1 1924
Bonds.— A sinking fund of 5 % of gross receipts commences after 5 years.
($1 0 0 0 ) _________________ c’ /I n t . at Knickerbocker Tr. C o., N . Y ., Trus.
Entire issuo Is subject to call after 5 years at 110 and Interest.
Gen & ref m tge, gold, $0,-1
1906 5 g M -N
736,000 May 1 1926
R O A D .— Consists of 16 miles of track, all In city of Columbus.— V . 84,
250,000 ( $ 1 ,0 0 0 ) ............ c * JInt. at Girard Trust C o., Phlla., Trustee
0 B L & N 1st m tge, $1,500,-1 1901
5 g M -N
1,243,000 Nov 1 1921
p. 5 1 , 338.
000. gold ($1,000).............c * /l n t . at Knickerbocker Tr. Co. N . Y . . Trus.
(2) Columbus Light, Heat & Power Co.
Zanesville R y , Lt & Pow 1st) 1802
5 g A -O 15
*750,000 Oct 15 1012
Lease.— Has been leased to Columbus Railway & Light Co. for 50 years
cons mortgage, $ 1,0 00,000 ^Int. at Cent. Tr. & S. D . C o., Cine., Trustee,
from 1908, with renewal privileges. Lease provides for 6 % on outstanding
($500, $1,000), gold____ c*J
or Trust Co. of America, New York.
bonds and preferred stock o f com pany, and dividends on common beginning
Registrar, Guardian Trust & Safe Deposit C o., Zanesville, Ohio.
In 1909 at 3 % , 1910 4 % , 1911 and thereafter 5 % quarterly. V 8 7 . p .5 4 7 .
Zanesv Elec 1st m tge. $250.-1
1899 4 g F -A
250,000 Jan 1
1919
O R G A N I Z A T I O N — Incorporated A u g. 1 1908 In Ohio, and acquired
0 0 0 , gold, subject to call)Interest at International Trust C o.. Boston,
the property of Columbus Public Service Co. per plan In V . 87, p . 346, 547.
after 1903, $1,000 e a c h -.c j
Trustee.
S T O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Bonds.— O f the $6,250,000 new bonds, $ 3,771,000 arc reserved to retire
irlor Hens and $1,743,000 for betterments and extensions. They are sub$200,000
See text
Com m on, $750,000 ($100)............................................
ect to call after 5 years at 105 and Interest. Under terms of this m tge.,
Pref, 6 % , $1,250,000 ($100).......................................
420,000
See text
none of the $750,000 1st m tge. bonds unissued can now be Issued. The
Gen m tge, $1,000,000 ($5001 1908
6 F -A
750,000 Feb 1 1924
entire Issue of Col. New. & Zanesv. 1st 5s can be called at 110 and lnt. on
and $1,000) gold.......... ......... (
Stock and B o n d s'— The preferred stock is redeemable after Jan. 1 1912. any lnt. date. V . 80, p. 1234. The Col. Buck. L. & New. bonds are sub
Interest on gen. m tge. bonds Is guar, by the Columbus R y. & L t. Co. '1
The ject to call on any lnt. date at 110 and Int on 3 months notice.
. . . ___
E A R N IN G S .— For calendar year 1907, gross. $707,730; net, (331.S70:
outstanding bonds are being used to take up $750,000 Col. Public Service
Co. bonds, the greater part having already been exchanged. $250,000 are other Income, $7,168; Interest, taxes, & o., $222,670; pref dividend. $30,000.
reserved for Improvements and extensions.— V . 87, p. 346, 547, 1481.
surplus, $136,068.
j
f
J
ELECTRIC RAILWAYS
F eb ., 1909. J
R O A D .— Operates about 94 miles of track from Columbus to Zanesville,
Including the city lines In Zanesville, Newark and Granville, and a branch
to Buckeye Lake. Standard gauge; 00 and 70-lb. T rail and 90-lb. girder.
O F F IC E R S .— Pres.. Dana Stevens; V .- P .. •). B. F iraker Jr.; Sec. and
T reas., F. A . H caly.— V . 83, p. 30, 213, 025; V . 80, p. 1589; V . 87, p 37.
(2) Lima & Toledo Traction Co.—
Acquired by purchase by the Ohio Electric R y . A u g. 1907.
O R G A N IZ A T IO N .— Organized on March 23 1905 and leases the Lima
Electric R y . & L t. Co. and the Ft. W ayn e Van W ert & Lima Traction Co.
Has made a contract with Western Ohio R y . for supply of power from that
company until 1913. Street railway franchises In Lim a expire In 1932.
STOCK A N D B O N D S .—
Date.
Interest. Outstanding.
M aturity.
Common $2,000,000 ( $ 1 0 0 ) . .. .....................................$2,000,000 ..........................
Pref $ 1 ,0 0 0 ,000 5 % n c ($1 0 0 )_____
l.OOO.OOO - - - - - - - - -
1st mortgage $ 2 ,750,000 gold) 1907
5 g M-N
2,250,000 May 1 1927
( $ 1 ,0 0 0 ) ___________ ______ _cj Int. at Provident Life & Tr. C o., Phlla, Trus.
Bonds.— Are subject to call 5 years after date at 105. No sinking fund.
R O A D — Has a line from Lim a to Toledo, which was completed In 1908.
Also leases the Lim a Elec. R y . & L t ., 12 miles, and the F t. W ayne Van W ert
& Lim a Trac. C o ., 60 miles.
, ,,,
_
O F F IC E R S .— Pres., D. G. Edwards; V .-P . W . H . McAlister; Sec.,
E . A . Russell; T reas., W . I I . Sch u b ert— V . 82, p. 692; V . S4. p. 339; V . 85.
p. 221, 284, 601.
(a) Lima Electric Railway & Ligh t.— A trolley road
O R G A N I Z A T I O N .— The company Is a consolidation completed A u g. 1
1900 of the Lima R y . (Incorporated N ov. 5 1896) and the Lima Electric
Light & Power C o., the only companies engaged In these lines in Lima.
O f the stock, $350,000 Is In the com pany's treasury. Capital stock was In
creased In Sept. 1905 from $850,000 to $1,250,000. V . 81, p. 1100. W as
leased July 1 1905 to the Lim a & Toledo Traction.
STOCK A N D B O N D S .—
Date. Interest. Outstanding.
M aturity.
Stock $1,250,000 ($1 0 0 ).........................................- - - - $ 0A 0A ° ? n i Y Y Y i a U
Lima R y 1st mtgc $200,000)
1896 5 g J -D
15a,000 DA f
gold ($500)_______________c* jln t . at Dime Sav. & Bltg. C o.. Cleveland,
I Trustee; <ilso fl-t tou rth N at. B k .f IS. Y .
Lima Elec Lt & Power gold]
1900
5 g J -D
4 5,000 June 1 1917
L i^
con mtge $500,000 ($500)c*{ln t.t
° w
0
C° r t e£ lef e .
rustec. or
2d
Consol mtee
S850 000)
1902 5 g A -O
350,000 April 1 1925
gold ($1 000)
’ _c* I Int. at Fidelity T r. C o., Buffalo, Trustee.
Lim a Elec R y & L V R e f u n d ’g 1905
5 g M -S
5425 000 Sept 1 1925
mtge $1,250,000 gold.......... j Int. at Gltaid I rust C o., P hlla., Pa.
Bondi — Of the first eon. m tge. gold 5s, $200,000 are reserved to retire
the two above prior liens. The Lima R y . bonds m ay be called In 1907 at
nar on 4 weeks’ notice, and the Lim a Elec. L t. & Power bonds may be
called on any Interest day on 30 days notice. O f the $850,000 2d consols,
$500 000 arc reserved to retire a like amount of first consols These bonds
are a lien on the electric light and heating plant, as well as on the railway.
Cannot be called before m aturity. See V . 75, p. 79.
TCOAf)__ ow ns 12 miles of track, also a steam-heating plant (franchise
perpetual, operated in connection with the electric-lighting plant).
O F F IC E R S .— Pres., Dana Stevens; V .- P ., J. B. Foraker Jr., Cincinnati;
Sec. and T reas., F . A . H caly, Cincinnati.— V . 71, p. 2 9 , 342; V . 74, p.
829, 1089; V . 81, p. 155, 1100.
(b) Fori W ayne Van Wert & Lima Traction Co — A high-speed Interurban
trolley road.
O R G A N IZ A T IO N .— On March 1 1906 was leased, until expiration of
franchises, to Lima & Toledo Traction C o., which guarantees the bonds,
prln. & Int. V . 82, p. 691.
Incorporated In Indiana and Ohio. Has
made contract with Western Ohio R y . for supply of power from that com
pany until 1913.
Road Is entirely on private right of w ay, except In towns,
where lt has 25 or 50-year franchises.
STOCK A N D B O N D S .—
Date.
Interest
Outstanding.
M aturity.
Common $ 1 ,000 000 ($1 0 0 ).............................................. $1,000,000 .......................
P r c f$ l,0 0 0 ,0 0 0 5 % n c ($100).............
- .............
1,000,000 ------ - - - - -
1st mortgage $2,000,000 gold] 1905
5 g J-J
1,400,000 July 1 1930
guaranteed ($ 1 ,0 0 0 )____ c*JIn t. at Fidelity Tr. C o., Phlla., Trustee.
Bonds.— Of the $2,000,000 bonds. $600,000 arc reserved for extensions
and Improvements. V . 82, p. 691. Are not subject to call.
R O A D .— Operates 60 miles of track from F t. W ayne via New H aven,
Monroeville, Convoy, Van W ert, MIddlepotnt, Delphos and F lIdatoL Im a
Commenced complete operation N ov. 15 1905. Standard gauge, 70-lb. Trall.
10 passenger cars and 1 express car.
O F F IC E R S — Pres., W . Kesley Schoepf; V .- P ., D . J. Cable; Sec. and
Treas., F . A . H c a ly — V . 82, p. 691, 804; V . 83, p . 37.
(3) Cincinnati Dayton & Toledo Traction Co.— Trolley.
Leased to the Ohio Electric R y. C o.; see terms below.
O R G A N IZ A T IO N .— Incorporated In Ohio on May 19 1902, and Is a connolldatlon of the Southern Ohio Traction C o ., the Cincinnati & N orth
western R y ., the Mlamlsburg & Germantown Traction Co. and the Ham il
ton & Llndenwald Elec. Trans. Co. V . 74, p. 8 84, 1037. Franchises are
for 25 and 50 years. A n Issue of $250,000 preferred stock was made In
April 1905 to take up floating debt. V . 80, p. 1362, 1478, 1728.
L e a se— W as leased to toe Cincinnati Northern Traction Co. M ay 1 1905
for length of franchise and renewals thereof. Lease transferred to Ohio
Electric R y. Co. Feb. 1 1908, and Cine. Northern now maintains only a
nominal corporate existence. The lessee Is to pay all fixed charges, In
cluding Interest on the $1,500,000 bonds, and In addition It agrees to
pay $25,000 the first year, $37,500 the (second year, $50,000 the third
year, $50,000 the fourth year, $62,500 the fifth year, $75,000 the sixth year,
$87,500 the seventh year, $100,000 the eighth year, and an additional
$12,500 per year when the annual gross earnings of the lessee from operation
shall amount to $ 1 ,200,000, and Increasing at the rate of $12,500 per year
with each $100,000 of increase In gross earnings, until the amount to be paid
Is $200,000; also $2,000 per annum for organization and office expenses
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
J-J
$ 5 ,000,000
See text.
Common, $5,000,000 ($100) - ____
P rcf., $250,000, 5 % cu m ....................
J-J
250,000 See text
CIn. D ay. & Tol. 1st cons.)
1902 5
gJ-J
2,700,000 July 1 1922
M ..$5,0 0 0 ,0 0 0 ,g .( $ l,0 0 0 )c * jln t . at Cleveland Trust C o ., Trustee.
Southern Ohio Trac. 1st cons.
$2,000,000 ($ 1 ,000)gold, c* 1900
5 g M -N
1,350,000 M ay 1 '20
Interest at Clev. Trust C o., Trustee, or at Standard Trust C o., N . Y .
CIn.& H a m .E lec.1st g . ($500)1
1898 6
gJ&J
400.000 Apr. 1 1 9 1 8
$500,000, not sub. to c a l l ./I n t . at C It.S a v .& T r. C o ., Clcve., Trustee.
Dayton Traction 1st M .,1
1896 5
gJ-J
250,000 July 1 1 9 1 6
g .($1,000), Int. gu ar__c*j Int. at Finance Co. of Penn., Phlla., Trustee.
Hamilton
&
Llndenwaldl
Elec. Transit 1st M. s. f . ) 1901
5 g ,T-D
250,000 Dec. 1 1911
$250,000 g. ($ 1 ,0 0 0 ), c*jInterest at Cleveland Trust C o., Trustee.
Mlain. & Germ. 1st, guar.,1
1901 5
gJ-D
50,000 Dec. 1 1911
($50,000) g. ($ 1 ,0 0 0 ) .c*jInterest at Cincinnati Trust C o., Trustee.
Bonds.— None of the Issues are subject to call. O f the $5,000,000 CIn.
D ay. & Tol. Trac. Issue, $2,300,000 Is reserved to retire prior liens. See
V . 81. p . 154.
Of tne $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire CIn. & H am . Electric bonds and D ayton Traction bonds. Issue
listed on Philadelphia Stock Exchange.
The Ham . & Lind. Elec. Tran, bonds cannot be called before maturity;
a sinking f u n d , however. Is provided, beginning with Dec. 1 1 9 0 6 , of 5 % ,
and Increasing by 1 % additional each year until 1 9 1 1 .
Dividends.— 5 % per annum Is paid on the pref. stock. On common divi
dends arc being paid In accordance with terms of lease.
R O A D .— Owns 83.93 miles of track (Including second track and sidings),
connecting Cincinnati with D ayton. Obtains entrance Into Cincinnati to
Spring Grove A v c. at Linden S t. over the CIn. Northwestern Division.
Road between Hamilton and Dayton Is practically being reconstructed on
private right-of-w ay.— V . 8 1 , p . 154.
35
M aturity.
Interest. Outstanding.
ST O C K A N D B O N D S —
Date.
.....................$2,100,000
Com m on, $ 2 ,100,000 ($1 0 0 )................
Pref. “ A ” 6 % cum. $ 5 0 0 ,0 0 0 -...................... .....................................................................Pref. “ B ” 1 -6 % cum $40 0 ,0 0 0
............................- - - - - -
1st ref m tge., $2,500,000.1 1904.......5 g F -A ..............915,000 A u g. 1 1944
gold ($500 & $ 1 ,000) --c * J I n t . at Mercantile Tr. C o., N . Y . , Trustee.
Slock.— The pref. " A ” and pref. " B " shares were created In 1908 (V . 86,
p. 1284), and dividends on both are cumulative, but those on the
B
shares are entitled to only 1 % the first year, with an additional 1 % for each
year thereafter until 6 % Is reached.
. . . . . .
Bonds.— Of the new ref. mtge. $ 1 .585,000 are reserved to retire the bonds
of the Col. N o. R y . P. & E . C o., the Marlon R y ., L t. & P . Co. and the O. D .
* O F F IC E R S .— Pres., John G. W eb b ; V .- P ., O . M . Gotschall; Sec., Henry
B. Hane; Treas., N . J. Catrow; Gen. M gr., George W h y s a ll.— V . 80, p. 117;
V . 86, p. 546, 1284.
(1) Columbus Delaware & Marion Electric R R .—
O R G A N I Z A T I O N .— Incorporated In 1901.
B O N D S—
Date. Interest.
Outstanding.
M aturity.
1st m ortg.. $ 1 ,0 0 0 ,0 0 0 , goldf 1901
5 g M -N
$ 1 ,000,000 May 1 1921
($1 000)
____ c*( Int. at Cleveland Tr. C o ., Cleveland,
(Trustee, or N at. Bank of Com. In N . Y .
Bonds.— See V . 75, p. 76.
,
, .
.
R O A D .— Operates an electric railway over private right of way from
Columbus to Marlon, passing through Franklin, Delaware and Marlon
counties. Also 7 miles In the City of Delaware, a total of 57 miles.
O F F IC E R S .— Pres., Jno. G. W eb b ; V .-P . O . M . Gottschall; T reas.,
Henry B . Hane; Sec., Jas. S . W e b b ; Gen. M g r., Geo. W hysall.
O ffice,
Ruggery Building, Columbus, O .— V . 77, p. 1533, 2281; V . 80, p. 117.
(2) Columbus Northern R y. Power & Equipment Co.—
O R G A N I Z A T I O N .— Incorporated in Ohio on O ct. 24 1904 to erect a
power house at Delaware and sub-stations to supply electrlcty for power
and heat.
BON DS—
Date.
Interest.
O vt'tanding.
M aturity.
1st mortgage, $300,000 gold) 1904
5 g M -S
$285,000 Sept. 1 1934
($1 000)
.c /I n t . at Standard Trust C o ., N . Y . , Trustee.
O F F IC E R S .— Pres., John G. W ebb ; S e c., Henry B . H ane; T reas., James
S. W eb b .
(3) Marion Railway Light & Power Co.—
O R G A N I Z A T I O N .— Incorporated In Ohio on June 24 1903 and is a con
solidation of the Marlon Street Railway Co. and the Marlon Electric Light
& Power Co.
,
B O N D S—
Date.
Interest.
Outstanding.
M aturity.
1st m ortg., gold ( $ l ,0 0 0 ) .c * [1904
5 g J-J
$300,000 July 1 1924
\Int. at Standard Trust C o ., N . Y . . Trustee.
Bonds.— N o sinking fund and bonds cannot be called.
R O A D .— 10 miles of track In Marion Standard gauge. 60 and 80 -lb .
rail.
O F F IC E R S .— Pres., John G. W ebb ; Sec., Geo. W hysall; T reas., Jas. S .
W e b b .— V . 77, p. 89.
(4) Columbus Marion & Bucyrus RR. Co.—
, „ . ,
O R G A N I Z A T I O N .— Incorporated In Ohio on July 29 1905 to build from
Marlon to Bucyrus, Ohio, 22 miles. Put In operation In July 1908. 70-lb.
T rail.
ST O C K A N D B O N D S —
Date.
Interest. O utstending. M aturity.
Stock $5 0 0 ,0 0 0 _________ ______ ____
________
$500 ,00 0 ----------------------First mortgage $500,000 ($ 1 .-] 1905
5 g M-S
500,000
Sept 1 1935
000) g ) l d ..............................c * ; Interest at Cincinnati Trust C o.. Trustee.
B O N D S .— Sinking fund of $ 5.000 per annum begins Sep?. 1 1910. Guar
anteed. prln. and in t., by endorsement, by Columbus Delaware & Marlon
R y. Cannot be called.
„
„
O F F IC E R S .— Pres., J. G. W eb b ; V .-P . G eo. H . Holzbog; S e c., H . B .
Hane; Treas., J. S. W eb b .
(5) Marion & W estern Railway Light & Power Co.
O R G A N I Z A T I O N .— Incorporated In Ohio on Sept. 26 1906 to purchase
the Prospect Electric Light Co. and to build from Prospect to RIchwood,
Ohio. 7 miles. Road Is under construction.
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Stock $200,000 -------------------------- ...................................
$200,000 ............. .........
1st mortgage $200,000 gold) 1906
5 g A -O
20 0 ,0 0 0
1936
($500)
- _____________ ! Into est at Cincinnati Trust C o., Trustee.
Bonds.— Subject to call after 1912 at 110. Sinking fund of $5,000 per
annum after 1912.
O F F IC E R S .— Pres., N . J. Catrow; V .- P ., J. G. W eb b ; T reas., G. H .
Holzbog; Sec., J. S. W eb b .
(6) Alarion & Suburban Railway Co.—
O R G A N IZ A T IO N .— Incorporated In Ohio Sept. 25 1906 to build the
necessary extensions of trackage to the local Marlon City lines demanded
by the city of Marlon. Under construction.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity
Stock $250,000 -------- -----------------------------------$250,000 .......................
1st mortgage $250,000 gold) 1906
5 g A -O
250,000
1936
(5500)
_______ /In terest at Cincinnati Trust C o., Trustee.
Bonds.— Subject to call after 1912 at 110. Sinking fund of $ 5 ,0 0 0 per
annum after 1912.
. „
_ _____ _ , _
„
_
O F F IC E R S .— Pres., Geo. H . Holzbog; V .- P ., J. G . W ebb ; Treas., N . J .
Catrow; Sec., H . B . Hane.
COLUA1BUS N E W A L B A N Y & JO H NSTO W N T R A C T IO N C O.— A
trolley road.
O R G A N IZ A T IO N .— Incorporated In Ohio on M ay 4 1899. In May 1905
cancMed old mortgage for $200,000 and made the new mortgage In table
be’ W V . 80, p. 2399.
Franchises are for 25 years.
Bonds were offered
in 1906 at 85, with a bonus of 5 0 % In common stock. V . 82, p. 1211.
Interest. Outstanding.
Date.
ST O C K A N D B O N D S—
**"
.
$400,000
C om ., $400,000 ($100) ........................
.
200,000
Pref. ( 6 % cu m .), $200,0001 ------($100) ......................... .........
See_tcxt.
_
5
n
X450 non goldf 1905
1MU_
_ g
„ J-J
. _
_
.
, ____at Columbus Sav. & Trust C o ., Trustee,
($500 and $ 1,000).
l
or Its agency In New York.
Entire Issues of stock are held b y four stockholders.
Bonds.— $50,000 Is reserved for prior liens and $400,000 are held In treas.
tolprovlde for extensions. See V . 82, p. 1211.
R E P O R T .— For calendar year 1907: Gross, $59,499; net after taxes and
terminal charges, $14,437.
For 1908: Gross, $52,581; net, after taxes,
and terminal charges, $15,058.
, , .
R O A D .— Operates 8.8 miles of track from Columbus to Gahanna. Includ
ing perpetual lease of 2 H miles of tracks of the Columbus R y . as terminal:
gauge, 5 ft. 2M In.: 65-lb. T-rall. A n extension of 1 7 X miles to New
Albany and Johnstown over private right of way to be built.
O F F IC E R S .— Pres., W m . D . Brlckell; V .-P . Daniel J. R yan; Sec.-Trea3.,
and Gen. M an., L. P . Stephens.— V . 82. p. 1211.
SCIOTO V A L L E Y TR ACTIO N C O — Third rail.
O R G A N I Z A T I O N .— Incorporated In Ohio, with a perpetual charter. In
1904. Built on private right of w ay. Franchises extend beyond m aturity
of 1st m tge. bonds. In 1908 canceled $2,000,000 mtge. of 1903 and made
new m tge. for $4,000,000, which see below. Stockholders vote Sept 22
1008 authorizing $500,000 new 5 % first preferred stock
wh ch ranks
ahead of present preferred stock ( V .8 7 , p . 481 and 6 1 5 ), the present Issue
to be $300 ,00 0.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
C om ., $1,800,000 ( $ 1 0 0 ) ....................................................$1,800,000 .................. ..
1st pref, $500,000, 5 % cu m .......................................
300,000 ------------------Pref., $1,200,000 5 % cu m .) ____
Q-J
1 ,200, 00 J a n '0 9 ,lH
( $ 1 0 0 ) .............................. ......... /
1st m tg,
$4,000 ,0 0 0 , gold) 1908
5 M -S
1,600.000 Sept 1 1923
( $ 1 ,0 0 0 ) .......... ..................... c * /I n t . at Harris Tr. & Sav. B k ., C hic..Trustee.
Bonds.— The remaining $2,400,000 of 1st m tge. bonds can only be Issued
for 7 5 % of cash expenditures, and for permanent extensions and additions
to property, and only when net earnings are twice the Interest charge on
outstanding bonds and those to be Issued.
Bonds have a sinking fund of
1 % per annum on bonds out 1913 to 1917, thereafter 2 % per annum.
They are not subject to call. See particulars, bonds, property, & c.. In
C O L U M B U S D E L A W A R E & M AR IO N R Y — A holding com pany. V . 87, p . 679.
„
Dividends.— Dividends on old Issue of pref. stock were to accrue from
O R G A N I Z A T I O N .— Incorporated In Ohio In O ct. 1904 and owns the
entire capital stocks of the Columbus Delaware & Marlon Elect. R R . ($ 1 ,000 O ct. 1 1905, but amounts due Jan. 1 1906 and April 1 1906 were relinquished
000) the Marlon R y . Light & Power Co. ($500,000) and the Columbus by shareholders, and 1st dlv. (\ M % ) was paid July 1906 and 1 H % O ct.
In 1907, 5 % .
In 1908, 5 % .
In 1909, Jan., W K% .
Northern R y . Power <5c Equip. Co. ($300,000 ). The same or affiliated 1906. V . 82. p .1 4 4 0 .
E A R N IN G S .— For 12 months ending July 31 1908, gross, $ 3 6 7 ,9 8 0 :
Interests o n tr o l the Marlon & Western R y . Light & Power C o ., the
net (after taxes), $161,453.
Marlon & Suburban R y . and the Columbus Marlon & Bucyrus R R .
36
ELECTRIC RAILW AYS
R O A D .— Operates 72 miles of track from Columbus to Lancaster inH
rom Columbus to Chllllcothe.
Is operated by third-rail system
Standard
p u r e . 70-lb. T rail. W ith in city limits of Columbus c o m p a n ^ b e ra te s over
*racks o f Columbus Railw ay & Light Co. under operating agreement
O F F IC E R S .— Pres, and M gr., tran k A . Davis; V .- P ., W . S CourtrlghtSec and Treas., Edwin R . Sharp; Su pt., C. Skinner.— V 81 n 0 32 77« ’
1551, 1661; V . 82. p . 101. 1158, 1440; V . 87, p . 4 8 1 /6 1 5 . 679. ‘
*
’
CONCORD, N. H .
CONCORD STREET R A I L W A Y .—-A trolley road extending from the
central wards of Concord to Penacook. Comprises 12.71 miles of track
In June 1901 control passed to the Boston & Maine R R „ and In 1903 the
New Hampshire Legislature authorized the Concord & Montreal R R
which Is eased to the Boston & Maine, to purchase the property and to
Issue stock and bonds to pay therefor.
v p
anu 10
CONCORD, M ASS.
p r i c e t o b e $ 1 0 0 per share.
Franchises perpetual.
StoYk°?2K0 ^ ( f c ) DS~ .
Datel 8t, * W £ * W ' , 2 0 0 ’0 0 0 ’ K°ld) 1902
¥nlereSt*
5 g "j-j"
- o S ? 4 T , i J b f n f , i , - - - s y p i % r i » " s' “
J
lssue
° % T 0»
2 0 0 ’,000
MatUTitV"j{ n 'v "io 2 2
* ” » “ *"
t
S
E A R N I N G S .— I*or year ending Sept. 30 1908 gross saV*™ ?. - *
$ 25,521 ; fixed charges. $16,031; surplus, $9,490
’ * 4 7 ’ 500’ n etO F F IC E R S .-—Pres., Chas. H . Persons; Sec., Beni. Derbv- Trr>n«
K eyes H a ll.— V . 75, p. 184, 611; V . 85, p . 1338; V . 8 6 , P 1 1 5 9 ? V . V p T e V
C O N N E A U T , O H IO .
C O N N E AU T & ER IE TR ACTIO N CO.— Trolley.
Receivership- On Sept. 0 1907 Robert M . W atson of Harrisburg Pa
was appointed receiver for the com pany o n application of the cr«l’ltors’
Company Is to be foreclosed shortly.
editors,
♦v,? a i 1ZA r l(^N — Incorporated In Pennsylvania In 1901. Owns all
and b o n d sand leases the Conneaut & Erie Traction Co of Ohio
wldch owns 1.99 mlles of track. Franchises are for 999 years
’
S tocl°$8K00 ^ 0 0 ($ 5 0 K
M aturitV'
R ef m tge, $1,250,000 ($500
1904
5 g M -N
379,500 M ay' } ' 1924
and $1 000) , g o ld .......... c&r Jn t-at Fidelity Trust C o., Phlladelphla.Trus
1st m tge, $800,000, g ($500
1902
5 g M -S
8 00,000 Sept 1 1922
and
c &rt , at Fidelity Trust C o., Philadelphia Trwt
^-— $
7 -1 ,000)
- - -.............
- .......... lin
the *1,2 5 0 .0 0 0 refunding bonds, $800,000 are reservedUto
loJ i J e K8, ^ nd remainder for Improvements and extensions
The
’. J
, 0^ ds are subject to call at any time at 110 and Interest T A
sinking Jund of 1 % per annum for 5 years becomes operative on May 1 l’goip
^orfollow lngs years, beginning 1914, 2 % ; and for following 5 years begin’
nlng 1910, 3 % per annum of outstanding bonds. The 1st mortgage bond*
ar®,subject to call at any time at 110 on three m onths’ n o tic e ^ e bonds
R O A D .— Operates 35 miles of track from Conneaut, Ohio to Erie p «
mostly on private right of w ay. Standard gauge, 60-lb. T rails
Fritero
Erie over tracks Of the Erie Electric Motor Co.
US- in te rs
T 9J?FJ C PLtS<-r‘ PresN CArE - F*yn“ ! V .- P ., J o h n s. R llllnft Sec. and Treas
J-„M . Sm 11h; S u p t., R . W . Palmer. Central station and general offlees’
Elk Station, Erie C ounty, P a.— V . 79, p. 680; V . 8 5 , p. 5 9 9 , 9 2 1 . OIIices’
C O R N IN G , N . Y .
C ORNING & P A IN T E D POST STREET R Y .— A trolley road
18?5RV
n
^
Tc
»
S to c k ?$ R £ ? 0 0 (HOOL3 : . . . ^ :
1st m ortgage. $ 100 ,00 0...........1 1896
N ov. 1
I T T '
5 J-J
[V O L . liX X X V U I.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding. M aturity.
Union Light. Heat A Power C o.—
1901
1-500-000 M ay 1 1 9 1 8
1st m tge, $2 ,0 0 0 ,0 0 0 , gold Int. at N at. Bank ofACommerce,
N . Y .; First
($100, $500 and $1.000)c& r
£j«tm n»i I?ank, Cincinnati, or at German
National B ank, Covington.
Bellevue W ater F & G L Co,
100,000 Dec 1 1912
m tge, $ 100,000 ( $ l ,000) .c * T- r - - n 8 ? J ' D„
i h e f i r s i consolidated b o n d s ^ l s o ^ o ? t h e ’cC<N ln& '°o ’ r I '
$500,000 are deposited with the trustee to retire all the underlying mortSfg'a
bonds . Tlle PerPetual charters of constituent companies are L ^ t a f l t i
and their capital stocks are deposited with the trustee as collateral for the
ftrst consols. Interest on those bonds Is payable at the National Bank of
Commerce New York, First National Bank, Cincinnati, and German Na
tlonal Bank Covington. The Union Light, Heat <fc Power Co bond^ ean h e
called after May 1 1906 at 110 and interest. O f these. $500.000 a?e avallal e
i0ctua7Pco0s I f men ’ addltlons or Purchase of oth er’ comp'aTcs at par fo?
D IV ID E N D S .— On preferred 414% Is being paid
On cnmmr.„
__
''^ t l l v l d e n d n f y .% was paid July 15 1907 and >4 % Oct U M 907 1 in
1908 Jan., M % ; Apr. . * * ; July. H % : O ct., % % .‘ In l9 0 9 . Jan?, K %
. R O A D .— Connects Cincinnati, Newport, Covington, D ayton Be\\SZV
Ludlow. Bromley and Fort Thom as. Total In operation. 60 miles- \ald
w ,^ « ° J pv i 2 huston girder and 72 lb. “ T " rails.
s’ lala
E A R N I N G S .— For 12 m os. ending O ct. 31 1905, gross, $1,406 295- net
aft^ rn,t^ x2 ^ 4 o 17'637: ,n t” 5251 ' ° 00’’ dividends. $187,200; surplus, s ' m 427*
O F F I C E R S .-P r e s ., James C. Ernst; V .- P .. James M .H u tt o n J Sec
hui'tiauer; Treas., George M . A b bott; S u p t., Thom as Green — V 83
p. 1228; V . 84, p. 449, 930, 1366, 1488.
V ' 83
CUM BERLAND, M D,
C U M B E R L A N D & VVESTERNPORT ELECTR IC R Y .— A troUey road
^t hns Oeen reported that tills company would be consolidated wth the
Westernport & Lcnaconlng R y.
1 ule
. O R G A N I Z A T I O N .— Organized in Maryland on April 11 1902, by special
Act of the Legislature, as successor to the Frostburg Eckhart & Cumberland
R y.
Has absorbed the Lonaconlng Midland & F’ rostburg R y .
d
^ to X °s ^ InhnInnn?«^mD S—
D ate'
Interest. Outstanding.
M aturity.
ino Sont
r or
Stock $1,000,000 ($50)________ _____
Frs ? 5nEn n o g r * ^ m * 5 ?Sn ^ tfre( r 19d4
s 'g 'j '- D i B "
230i000 jSn'e 102^6
$250,000 g($5OO&$l,00O)c*l Int. at Real Estate Trust C o., Phila., Trust
L°An°n^nn » J d T t i flnnmm tge! r 10 0 1 5 K J‘ D 15
200,000 June 1926
j ’P ° ° i5 2 di
at Real Dstate Trust C o., Phila., Trust.
10R ° nrfS' R 0 8®nk ng fund« but bonds can be called after June 15 1910 at
Dividends.— A dividend of 3 % was paid In Sept. 1903.
£ & ern£ei i 29pmllSi8 °.f *rack between Cumberland and Lonaconn f i p p r r P R 8 d °Priq' ^L.an,d girder rail; standard gauge.
n d; ; 7 h
De Warren H . Reynolds, Cumberland; Sec. and
Treas., D . Percy Hartzell. Cumberland; S u p t., J. E . Taylor. Frostburg.
DALLAS, TEXAS.
n n c A M c / % Em MRICTC0 R P 0 R A T I ° N — Trolley.
cmnpamlPs l x X
1022
Sec Y
M ? p T l ^ 8’
Common1$3A0N0?,0B0 0 ^ 0 0 T - - - ^
w v v ..? ° o ? &
Franchlses l)f subsidiary
° $ Z o” o o T
First coUat trust *imge $4^,000*? f i 5 5 i
5 ^ '%
I f M
l
Bonds°— A Mnfclnu
' i nterest at City Trust C o., Boston! Trustee.
fund of 1 % per annum of outstanding bonds, If earned,
rh ™
h l ° M , i L n i 1n,t!rovldedi after O ot. 1 1905 becomes a fixed
e»ned qq 'Ia,i'u, ! , 1009 3190 000 were field In sinking fund.
Bonds can be
Fa‘ !ed as
any Interest date beginning Oct. 1 1904 at 105 and
$1 000 e a c h 5 ’ 000 °* tbe bonds are *n denomination of $ 1 0 0 , balance being
° U% ao T o Z 19
lOO'.OOO Jan® 1 1916
Dividends.— On pref. stock In 1905, 2 > * % ; In 1906, 5 % : In 1907, A p r.
2 M % . and none since.
E
A R N IN G S .— For 12 months ending Dec. 31 1908, gross, $ 1 ,1 6 9 ,968b a r n IN G S .— For year ending JuneTo* fo O ^ ^ ro ^ sT ^ M 316' net^TlO
$389,313; Interest and taxes, $308,025; surplus, $81,287; sink, fund
0 2 D ^ A ti\ a n « taxe^ e * 9 ’ ? 75: improvements, $5,638; surplus,’ $2°209t ’ * 1 6 ’" net,
$40,000;
balance, $41,287.
R O A D .— Owns 5.9 miles of track, from Corning to Painted Post. 14 cars
R O A D .—
Owns
59.67
miles ui
of track
In the city or
of Dallas
n J x . r l . i F iLH\ T , esy
Greatslnger, Brooklyn. N . Y .; v -P
Craig I
— '-”
»*«•
“and
“ “ operatesIKoa
umea
w ic k iu
Qiihnrho
OniK,
ci .v, 170
rrrt
____
___i »ne
i gauge.
Graves, New Y ork, Sec., K . V . Dougherty, New Y ork; Treas ' n a
and suburbs.
Ralls,
45 to 91 lbs.
cars. Standard
VanT assell Jr., New York; C om pt., F . E . Ramsen, New Y ork.— V 80 o 162- , , O F F IC E R S .— Pres., Guy E . Tripp; V .- P ., Robert T . Paine 2d; Treas.
.
. ., A lvah K .. T. odd.,
-------------------------------------.p .i o z . 1 Henry B.. Sawyer;, Sec.,
Stone «& W ebster, Boston, AudiCORTLAND N Y
Acranta --- V
A
n
‘('7
tors Anri
and TV»nsf#»r
Transfer Agents.—
V . RR
83. n
o. A9.1*
323; V
V . a84,
p. 1157.
r\
C O R TL A N D COU NTY T R A C I ION.— Trolley. *
O R G A N IZ A T IO N .— Is a reorganization on June 22 1901 of the Cortland
i t S o p j E J i ? i l ,,0 “j JS0Ld &t. * ^ “ “ ?J>n April 23 1901. In June 1905 ab^
sorbed the Cortland * HomeF^■Electric CoV '“n^ey ously controlled801V u r
nishes 150 arc lights to the cities of Homer and Cortland and also lamos to
the public
Carries coal and freight as well as passengers
In May P 96?
nK^ ntecl Perm 'ssl ° n to Increase the capital stock from $320,000 to $1 000,000 and to Issue a new 1st and refunding mortgage of $2 000 000 inr
the purpose of retiring all outstanding indebtedness and for extensions
and^equlpmen_t_un i'J.June 1 9 0 a
Bonds n t lssu.i'
extensions
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
S tk ..co m m o n , $320,000 ( $ 1 0 0 ) ____
------$320,000 .................
1901
....
4 g A -O
180,000 April 1 1920
First
mortgage.
$180,000 County Sav. Bk. & Tr. C o., Scranton, Pa!,Tr
($500) g o l d . ; . : . . . ...........c* Interest at company’s office. No sinking fd.
. Lan
DC called nn
mitbwi
Can be
on ft
6 mnnth«*
m onths’ notice.
New mortgage, $500 ,00 0, g 1905
5 g F -A
320,000 Aug 1 1 9 3 5
($500 —
and
.............c.
- $ 1 ,0 0 0 ) .............
vjInterest at Empire Trust C o .. N . Y . . Trustee
Bonds.— Of the $500,000 Issue of 1905, $180,000 are reserved to retire
Prior Hens, l h e y are subject to call after Aug. 1 1910 at 105 ^
0
R — Operates 15.92 mUes of track between Cortland, H om er. Little
and between Cortland and McGrawvlUe; 33 cars.
«oo » , -N IN C S -— t’ or fiscal year ending June 30 1908, gross, $74,449- net
in 01
1
ww
rtkVTyV.I IU tUKHI IV IVUU OUM
IO VVUlloll
T E X A S T R A C T IO N C O .— A trolley road.
O R G A N I Z A T I O N .— Incorporated In Texas In 1906. Franchises run
for 50 years on ;,treet< and highways; rest of road built on private right of
w ay.
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M a tu rity.
Common $2 ,0 0 0 ,0 0 0 ($ 100) . . . ___________ _________$2 ,00 0 ,0 0 0 .
Pref $ 1 ,000,000 6 % cum ($ 100) .....................................
1 ,00 0 ,0 0 0
............. ..
First mtge sinking fund $3,-J 1907
5 g J J-J
2,00 0 ,0 0 0 J a n ."V 1937
000,000 ($1,000) g ___c*& r\In t. at Old Colony Trust C o., Boston, Trust
Bonds.— O f the $3,000,000 new mortgage $ 1 ,000,000 Is reserved for futur*
Improvements and extensions.
Bonds can be called at 110 and accrued
Interest on any Interest date upon 30 days’ notice. A sinking fund of 6 %
of gross earnings, beginning July 1 1912, to be used ln the purchase of bonds
E A R N IN G S .— For 6 m os. from July to Dec. 1908, gross, $134 ,82 5.
R O A D .— Operates an lnterurban line between D allai and Sherman
66
---u
i miles.
u w ic vfuuai
Enters
uvvi
Dallas
ttuviAi
over
vi tracks of Dallas Electric Street R y .
Entlra
,'irl
wna put
rtnf ln
In operation Till
ir 11KlfiO
road was
July
1908.
O F F IC E R S .— Pres., J. F. Strickland; Sec., James P . Griffin; Treas
O. Goodwin: Gen. M gr., Theodore Stebblns. Office, D allas, Texas — v ’
84, p. 627; V . 8 7 . p . 98. __________ _
'
’
D A N B U R Y , CONN.
tifxes,^$’3 2 !o 2 2 f surplus? $2 >8 1)7 2 . t0ta* net lncome’ * 5 0 ’0 9 4 - cha^ s and
D A N B U R Y & B E T H E L ST R E ET R Y .
O F F IC E R S .— Pres., D . VV. Van Hoesen; V .- P ., Edw. II. Brewer- Sec
O R G A N IZ A T IO N .— Incorporated M ay 7 1886 under the laws of Con
G. H . Garrison; Treas. and Gen. M gr., Edwin D uffey.— V . 81, p . 507) necticut. Has a perpetual special charter, the only street car comnanv
.serving the city of Danbury and town of Bethel. Its lines also extend to
the Danbury Fair Grounds and the pleasure resort of Lake Kenosla
In
C O V IN G T O N , K Y .
May 1903 the State Legislature authorized an Increase of $300,000 of eanlt»i
A troUeyNroad' 1 N E W P 0 R T & C OVINGTON L IG H T & TR A CT IO N CO.—
stock to provide for extensions.
v tal
Lease. W as’ leased from April 1 1907 to the Columbia Gas & Electric Co
ST O C K A N D B O N D S —
Date.
Interest. O utstandin g.Lastdlv& eSemi-ann.
$320,000 Ja , ’09 2 %
h l W i ? i ?
Ohio) for 45 years. The lessee guarantees Interest on Stock $623,000 (par $ 2 5 ).
5 g M -N
200,000 M ay 1 ’l 914
4^
annum on preferred stock. On common dividends are First mtge $200,000 gold_____ 1894
n?
%htor flrst year. Increasing 14 % each year until 6 % is reached, which Consol mtge $300,000 gold]
1906 5 g M -N
100.000 M ay 1 193*
Is to be the rate thereafter. First dividend on com m on, % % , July 15 1907
($500 and $ 1 ,0 0 0 )..................\In t. at Am erican Trust C o., Boston. Trustee
bonds
$75,000 {
1908 6
M -S
75,000 Mch 1 1018
I f Electric P’ 44° ’ 73° ’ a S° terras ln v 84 p - 148 9 > under Columbia Gas Debenture
f$I,0 00 and $ 5 0 0 )________ c l
O R G A N IZ A T IO N .— Incorporated under the laws of New Jersey on
Bonds.— Of the $300,000 consol, mortgage, $200,000 Is reserved to retire
March 11 1902 and purchased all the stock of the Union Light. Heat & the 5s due 1914. The debentures are redeemable at 105 on any Interest
Power Co. of Covington and of the Cincinnati Newport & Covington^ Railwav
date after due notice. No further mtge. can be made on property without
Including these debentures.
V . 74, p. 576.
The latter was organized ln 1892 to buy up and consolidate
all the roads on the Kentucky side of the river opposite Cincinnati sollaa t0
Dividends.— In 1 8 9 6 -9 7 .4 % ; In 1897-98, 4 % ; In 1 8 9 8 -9 9 ,2 % ; In 1899The Cincinnati Covington & Erlanger Street R y. (providing for an exten
X % : in 1900-01. 1 3 4 % ; In 1901-02, 3 % ; In 1902-03. 3 % - U
slon to Erlanger, 7M miles). Incorporated Sept. 1899 with $250,000 stock
190304, 1 3 4 % ; In 1907, 4 % ; In 1908, 4 % ; ln 1909, Jan ., 2 % .
(shares, $50), Is controlled and is being built out of proceeds of sale of th«
R O A D .— Trolley road ln D anbury, and from Danbury to Bethel ami to
pref. stock of the new com pany. About 3 miles have been completed
Lake Kenosla, 14.721 miles In all; sidings, & c., .069 miles; t o t a l’ 15 fino
STO C K A N D B O N D S —
Date.
Interest. Outstanding. _ Maturity
miles. 48 cars. Standard gauge.
'
'
Com. $5,000,000 ($100).........................
q -j
$ 5 ,0 0 0 :0 0 0 'J a a v o o V ^ '
R E P O R T .— For year ending June 30:
Pref. 4 H % non-cum, $5,-1
.
„
Cross.
N
et.
Int.
A
Taxes.
D
U
s.
not
<s„r
000,000 ($100) .......... ............. / _____
434 Q-J
4,500,000 Jan 1 5 ’09,1 3;
1907-08 ............... - .$ 1 1 7 ,9 6 6
$32,562
$20,107
$12,800 def t’TuV
Underlying Bonds—
‘ 906-07 ...................... 113,201
32,870
10,146
12 800
3 924
1882 ixT J? S£ S ^
250,000 March 1912
1905-06 ...................... 101,563
33,318
16,074
N in e .
17 244
S°($Ci ° o o * CIn ls t mortgage
W . A . Goodman, Trustee.
190405 .................. 02.747 24,050
14,409
None
Sur 10 641
2 d consol m tge: "$500 .oobVg 1892
6 g J-J
150,000 Jan 1 1932
1903-04
...
86 566
18,908
14,544
$4 800
D ef 37*
($500— $ 1 ,0 0 0 ) ...............
Covington Sav. Bk. & Tr. C o.. Trustee.
O F F IC E R S .— Pres., Samuel C. H olley, Danbury; v , . p
g Harrison
Newp & D ay St R y 1st M ____ 1887
-o -6 F -A
100,000 Aug 1 1 9 1 7
Cincinnati Newport & Covington—
p
^
. ^
p
™ i ! Se<5‘ aDd Treas” M ’ H ’ Grlffln?’ Rnnbury.— V . 83*
ls t consol m tge, gold. $3 - 1892
5 g J-J
$2,500,000 July 1 1922
0 00 ,000 ($ 1,000) ____ lc*& r Farmers’ Loan <S» Trust Co. o f N . Y . , Trustee
D A N B U R Y & H AR LE M TR A C T IO N CO — A trolley road.
2 d mortgage, $ 1 ,0 0 0 ,0 0 0 . g.
1896
5 g J-J
600,000 July 1 1 0 J2
R e,ceiver.shIP — On June 2 1908 three Philadelphia banks applied for a
($ 1,000 e a c h ) . . . . „ „ „ ; c Farmers Loan {c Trust C o., N . Y . Trqitee.
receiver, Interest on bonds having been defaulted. T . * 6 , p. 1409
Oa
'
“
F e b . , 1900. J
ELECTRIC RAILW AYS
Jan. 23 1009 road was sold at foreclosure to the bondholders, committee
*[ ' 0™
Court. Chairman, care Central Trust & Loan C o., Phila. V . 88
rn 9
,u n d cr c°-Rs 1ruc 11o n 19 miles of track from Danbury, Conn.
to if, I T
Bv d? f ’
A b out 0 miles of track has been completed
7 0-lb . rails.— V . 8 0 . p. 1409; V . 87, p. 226, 1004; V . 88, p. 294.
DANVILLE ILL.
ILLINOIS TRACTION CO.—
, O R G A N IZ A T IO N '.— Incorporated In Maine on M ay 13 1904 and owns
r rh»nnCA Oifl™tocik of tnc Danville Street tty. <Ss Llgnt C o., the Danville
thpb ^?a
?Jpa ? n
Urbana & Champaign K y. Gas & Elec. Co.
the T a ^ o n v i i u § ltur. * Champaign H v „ the Decatur R y. & Light C o.,
rhlcao-o^funnminU^' ^ JL,gbt C o., the St Louis & Northeastern R y ., the
On t h » K ? r ,on & Decatur U y .. the Bloomington * Normal R v. & Lt.
Co” th V st°rlf
life Peoria Bloomington & Champaign Traction
Co ’ Madisnn n^.^nt
iSP*
d R a *lway . the Illinois Central Traction
the V’ ti7 .nJ£y L 'gn t & P o w erC o., th e S t. Louis & Staunton R y . C o .,
nrhiVre Pn the O CP’
,XcT
n'c,c ’ the Trl-CIty Traction, St. Louis Electric
Bridge C o .,t h e S p r 'n g n e t d B e 't R y . C o., the Danville & Eastern Illinois
r/'
t « „ h aS f Light. Heat & Power C o., the Illinois Western ity .
n,
.iVi Y'e >st. Louis Electric Terminal Co. and the Peoria Lincoln &
4 .'i1,!?? °Vv,ns nine-tenths of the stock of the Springfield & Northfaction P 0 ' , 11 A Pr' ! 1907 obtained a 50-year franchise on certain
h, tin I h . i i ‘ Louls aort was also given authority bv the IT. S. Government to
2 ^ a b ' I^ ^ aaCr? ss.t^ Mls? 1^IPPl River to Venice, 111., which is expected
*o
iled> ln, 190° ;
H as contract with United States Express Co
centtfge SaslsltS bus aess for two years, starting with April 1 1908, on a perfrn^iti0*dhn0o1nCoooW.er«rtnny°«e on F c b - 6 1909 on Increasing the pref. stock
rrom 54,000,000 to $5,000,000 and the com . from $7,000,000 to $8,000,000.
—
Date.
Interest. Outstanding.
Last D lv.
£ o:“ mon $8,000,000 ($100)_______ __________
$6.594 500
____
cum *5,000.000 ( $ 1 0 0 ) ____
Q -j
3,618,000 See text.
o. -n’ o . i " “ dltlonal preferred stock can only be Issued when net earnings
n,D,,,^<JuaIr!'0 P
jD Preferred stock out and the amount proposed to be
Preferred stock Is listed on Montreal Stock Exchange,
r a
\ 7’.C % per annum Is being paid on the preferred stock.
n o H r™ .
.W A R N IN G S .— For 12 months ending Dec. 31 1908, gross, $4,098,620;B net, $ 1 ,744,496.
R E P O R T .— For calendar year 1907 report was given In full ln V . 87
fil 3 4 1Passengers carried In 1907 by lnterurban lin e., 8 ,182,069; by city
S
’ 20,276,649
The properties doing a lighting business were on Dec. 31
1907 supplying 169,310 Incandescent, 2,823 arc and 907 Nernst lamps.
Gross Earnings—
1907.
1906.
1905
lnterurban
.......................................... $1,610,257
$1,008,134
$611,981
Local street railway................................
1,226,591
1,151,487
1 ,066 ,796
“
259,572
240,744
218,063
Electric light and power
542,032
497,666
445,079
Steam heating_________
127,453
115,076
100,470
M iscellaneous_________
13,282
Total gross earnings.................................$3,779,187
Operating expenses............. ....................... $2,065,424
T a x e s ...............................................................
63,063
Total operating expenses.................... $ 2 ,128,487
$3,013,107
$1,602,601
48,554
$ 1 ,6 51 ,155
$2 ,442,389
$1,257,112
37,ST0
$ 1 ,294 ,652
37
se>^eHd tT - ! 6/? 2,000 Decatur Railway & Light Company bonds are refimn
e.
equal amount of prior liens as above
A sinking
hnnrt.. i A ° A „ 0.f theL
earnings, or not less than 1% of outstanding
i
n
?
, . e lnvested lp the bonds. These bonds are subject to call at
r
« a^ y RRerest date upon 60 days' notice. Of the Decatur
l a f n T i t n ? Co. first m tge. bonds, $15,000 must be redeemed on May 15
These h e r , a .• ke amount each year thereafter In numerical order.
m ile h S
ni i ^ n ]ect, to call In 1909 at 105 and Interest. The second
after ’ Mflyd?>?fiono
Ga?
*'Aectric Co. are redeemable at any time
these bemds15 19° 9 &t 105 aDd ,nterest' but there ls no sinking fund on
1906^^ V os^ T s i 2! 1n4 * 'n eL a$ 13? °6 8 6 f roSS’ S341'770; net' 5153.168.
In
subu?M ?fi'nI?ae7 ^ ieK m °'n 5 ^ l les standard-gauge road ln Decatur and
8 7 p ’ 1357d 72' lb ' T ralIs- 23 motor cars and 16 others.— V . 78, p. 1961 ;
(5) Jacksonville R y. & Light Co.
Rni?i^H^,N I?^vFIClN ‘,— Incorporated In Maine ln Dec. 1905 and Is a conCoke Co
L a n c M aeCkp e ^ l u a i R y - C° ‘ a“ d the JacksonvlUe Gas Light &
stoSJk °C$fooA o
No? K
Sprlng-
) DS_
liens
Are guar d And i
payable annuallv to a
Date’
Interest-
° uti l a
X
° n-
M aturilv-
hy ni c^ nsolsA 5209,000 are reserved for prior
C o' v.,Two per cent of bonds out Is
D t ok s„",6& „V d 0. cS U V „ r k ln t- " * t0
A
S
,u,4
(6) Peoria Railway Co.— A trolley road.
S0' t’, ' ^ ,rfc
'm‘an*
in ? R)6 i^ d ZlA suw M sw I^ Cth e ^ e n tda}1R^er( ^ ne™ranc)jrtsadn I?eoria I1Ull 01 8
11STOCK A N D ^
S
s ° Wn^ b/ thp P n o l a S S S . P e 0 rla e ip lre l
St?ck?°$L000 000 .
.
^
InterCSt- °
»
M aturity.
1st and ref mtge. $3,6 0 0 ,0 0 0 ,? 1906
5 g F -A
2*779 non
^old <51.000).......................c - j interest at^Agency o f’ M ^ Z n t s ’^ B a n k 'o f
_
„
l Canada; and New York.
Cen R y 1st mtge, $750 ,00 0,? 1895
5 g A -O
570 000 AnrII 1 i m t
pCid ($ 1,000) _ „ - 7.7.7,“ - c * j fnterest at N . Y . Trust C o.. N . Y P T^istee
li(m°nfnd *?ufib n(f3f*600f’ °i00 n<iw bonds. $570,000 are reserved for prior
51i 6 *
future betterments.
555 )Uo have been retired
Illinois Tr-fe ^ v ?raimHedf PrIncIPal a*J,d Interest, by* endorsement, by the
m m ols T.rac. Co. The trustee ls the Chlcaero Title A; Trust Pn
1910-es°55 nnn'ln1
$25,000 In 1908; $30,000 In 1009; $35?000 1n
i v i aoo
$60,000 In 1912; $65,000 In 1913* $70 000 ln 1914*
\n lO l T ^vlUO,UUtJ
l O ^ o A o lin
n '1920, $110,000 ln 1921*1 $115
«17; J95-000
In ^ 1 8«i; ?>
$1009
40
000 In IQ??*
n aaa010in
\ lH : ^
L
y
See V . 83, p. 38
poS
“
e
s u
l 923:^and the*°remMnIng2$ 1* 2^0 loSo S
to caI1 on any interest date at 105 and interest.
l r
436
a f & s , ' ' ? r27c^
rn. r u ” 0i b r ’ " - 55!1-3M : ■"’ " “ "■s » -
N et earnings.- - - - - - - - .......................$1,650,699
$ 1 ,361,952 $1,147,737
. ^ tC«r9Cm ’ o*,c- ’. for, 1007 amounted to $985 ,63 1, and dividends on pref.
stock $201,953, leaving a surplus for that year of $463 ,11 5.
y
t r ^ k .A ‘ liaat 10f(^no3tora andmo18 8traUeraCl£V 0 ’ 8™llp I13 7 5
i « ^ ° A , D * T T he llJterurban lines comprl e 439 miles of track (of which
ii?’ 2 n 1 e ’
lea ed) and 26.06 m lle; of switches, second track and turnoutscity lines cornprLc 114.93 miles of track. Total of all lines, 560.19 miles*
lnterurban lines have 102 motor pa Wenger, 18 motor express 47 train and
400 gondola flat and box cars; city line ■have 210 motor cara aAd l4 9 othe?s
w a «sneratOH’ located at 9 different points, have a capacity of 20,050 kllo-
Electric Street., Champaign Electric Ll^ht <& Power Chamnalim A- nFhnnn
Gas Light & Coke and W est End Park companies’. o Z
p?rp1tual g «
M ( M -lt H ? 'p h i™ ? !? ™ ’.
B ‘ M cK inley, Champaign; V .-P . a n d T re as.. Geo.
Chub buck- C n S * p ’ w CCiV Tr ,B • Macauley. Montreal; Gen. M gr., k . E .
6 1 4 7 8 1 2 ? V ? 8 8 .Pp.*2 9 5 , ^ 7 4 ,^e P d e r s h o t .-V . 8 5 . p. 99. 722; V . 87. p. 3 41.
LOCAL STREET R A I L W A Y S .
B ,00m ' n et°n & Normal Railway & Light Co.
soll,latinnNn ? ^ I R.N ,— ,Inc.orpoI at^ d ,n nll,lols on Feb. 23 1906 as a con-
w
i i &
n f f l s ; 4 ,t a ,ln e Co- “ a
Stock0 « t,ol)0N0I5 o " ? 1N0?|Sr . .
° . T
« »
l8t<rnPW*eif ^
e ’ ? 2 ’0 0 0 ’ 0 0 0 L 1006
* * " a "6
'670,000 May r 1930
B
w * - i - ; - - V - c( C.e? K al Trust Co - Chicago, Trustee.
*ono n™ ' r t? nnmlst m,tKe.*JT1902 . 9 g J-D
590,000 June 1 1927
$600,000 ($1 000) g, s f .c * /l n t . at TU. Tr. & Sav. B k ., Chicago. Trustee
llens”ftnrt s v p ^ o o n ^ f'°0 0 '? 00 incW l)0.n(ls’ 5000.000 are reserved for prior
l1®?1
a
f«. e* tensions. Are guar., p. and 1., by 111. Trac? Co.
f ? L atA
of Merchants Bank of Canada. New York. No sink,
fund, but bonds can be called at 105 on any bit. date. The R y ., Elec. &
"e a t in g Co. bonds are subject to call at 110 and Int. Sink, fd ., $10,000 an
nually. ugan June 19'ia. w " n J io . , .
ret
’ * v,uuu“ “
. „ R 0 A .D - ~ 0 Perates l7 42 miles of track In, .around and between Bloomingtrailers^ fo r m a l. Ralls 45, 60 and 70 lbs.
Has 18 motor cars and 6
(2) Citizens R ailw ay Co. of Ven'ce.—
Owns 4.88 miles of street railway In Madison, Granite Cltv and Venice
Has 6 motor cars. A ll stock owned by Illinois Traction Co. $400 000
temporary bonds Issued.
(3) Danville Street Railway & Light—
.v,OI! GA.N I ^ A T rO N -— IncorP °ratc‘l In Dec. 1899 as a consolidation of all
■toc^ls o ^ n e lT b y ’illin^l^TftlSitloif C o fn** 8team-heatlng Interests.
Entire
Stfck°$C700A000D ($iO00)D S _
DaU>-
Intere,t-
V e r ity .
R<^ i ndd m
oo°or) gagc 5700’" o / i 999
5 'g J - j —
* 7 0 0 ,0 0 0 .fan i 'i 6 - - 2 5
1 .pi, t.— ............- c * l l n t . at N . W . Harris & Co., N . Y . and Chic.
Bonds.
I he bonds are due $6,000 annually Jan. 1 lO lO to 1924 Inclusive
? ? dv.r.e^ o . nde5 ?,n Jan- 1 l92r>: $0,000 of old prior 1 en IXanvUle Gas TMccUIc
o i f ‘ S l n k b i g f u ^ r ? W o f , 7 ’000 Danv,1U( & Northran 5 % bonds arestUl
drawn (?t n r S
Pcr
begins Jan. 1 1910. bonds being
otavtii (at par and accrued interest) In numerical order beginning* with
N
° W Harris ^&eCor'offerer? th*16 Il llnol!; T rust & Savings
Ihank.Chlc'ago.
i n . \v. Harris & uo. offered them for sale ln Jan. 1900.
See
V 70 p 125
S T S f T a ' e r s r / s s f is a s f v %
for furnishing power to street railway.
3 . The entire street ra lh n v . ™ ’
AS.
running to three* parks, the fair grounds cem et ry and railway E i T a n H
National Soldlersr
Soldiers^ Home
Hom e.
EquippedI with
with 50,
50?60
n m D70-Ib.
n -i“ Johnson T rails
60 and
with
cars»mvuv
(General
and 1212others
others
•*•* 26 motorv«iu
»ui* Electric)
biil) and
Co?— v ! C7 6 !!'p.‘ T m ? 1M o ! 10SO f0r DanvIIle Urbana & Champaign Railway
(4)
Decatur Railway & Light C o.—
. n ? £ G AN .IZ A T IO N ; r " Incor£ ? ratcd ln Illinois In Dec. 1903 to take over
the property of the Decatur Traction & Electric Co the Decatur Gas &
Electric Co. and the Decatur Steam Heating C o.?ow ning all the street ratla m f 'suburbs! ClCcMc 1,Kht,nsr buslness aad steam heatlng plant ln Deca?ur
s S
Hs ° “ o“
? o ? s, io o ?s 7 . - D f “ '
,m e r m -
“. “. “ t a a -
«f5 Mi g-N f i Tr“o
S ie v S s
oo 000 May 1 1930
B<«C?nn nmuS«
ec Go 2d MJ 1899
for°above),300,000re8CrVed!
r.CSt atTrustee.
Merchants’ Loan & Trust C o?
for
aDove)
.......................j In^
Chicago,
Dec Trac & Elec 1st M $ 2 5 0 .-/ 1900
5 J-J
212 non Tan i io?n
000 ($500& $1,000 each).c*l Int. at Illinois T r. & Sav. B k ., Chic., Trustee.
RY A Lt Co 1st & cons Ml 1903
5 g J-D
698 000 Dee 1 19Vt
$1,300,000 gold ($1,000) .c * (In t . City T r. C o., B o s t., Tr.’, & agency In N .Y
“ re ''0 " bl,’
iijh q jsu
EM f e ?
a
ch“ ,cr 13
S t ^ O^ A N0? . . B O N D S DateIntereSt- 0U£ M n T
M ^ r ltv .
U * ,C, R,y ’, G & E M 5250,665]' 1897
5 g J-D '
1 *8,000 J u n e 'l' 1917
gold sink fund $8 000 yrly Int. at Illinois Tr. & Sav. Bank. Chic TruS 7
n Jun,<L1 1990& aft($l,000)c*J
or at Chase National Bank, New York Cltv’
ConsoHdated mortgage $ 5 0 0 ,-/ 1899
5 gJJ
322.000 July 1 1929
S i
Portland Tr. C o., Portland. M e7 . W u s t
Bonds.— O f the new Issue of $500 ,00 0, sufficient are reserved to retire first
bonds. The bonds are subject to call on any Interest date at 105.
„ R 9 A D - T 0p erates5 miles of track In and between Champaign andUrbana
Has 15 motor cars and 8 others.
,
IN T ER U R B AN R O A D S.
(8) Chicago Bloomington & Decatur Ry.
O R G A m E A T K J N .— fncorporated ln Illinois ln April 1905 and operates
a road from Bloomington through Clinton to Decatur, 4 9.6 miles
Has 6
n .in o N T r8
a ct nnOCp°raotly e , r d 7,5 traU cars' stock 's ail owned by the
? ’m P Tv Afcv n 9?A*TTkf2 stly private right of way.
S tn c i? CK A N U R O ^ D S
Date.
Interest. Outstanding.
M aturity.
w V - M S ' - U S i W i f i ' o r n 5Jk1’I . S " n0l3l ' i r" ,0,00o“ o S i 1 1 .3 8
Kaar. g °'d ($1.000) .......... c*lCentral Trust C o.. Chicago Trustee
Bonds.— Are guar., p. and I., by III. Trac. Co. They arc s n h w t tr.
on any Interest date on 30 days’ notice at 105?
V
subJect to call
O F F IC E R S .— Same as those for Illinois Traction C o.— V . 81, p. 558.
(9) Danville Urbana & Champaign R y.
r p R G A N I Z A T I O N .— Incorporated In Illinois under the railroad law ; on
right2of way' ° Wn * thC Danvllle Paxton & Northern R y . Mo tly private
^
InteTCSL
MatUTitV
StocTk°$C
2K000N0? 0 .B ON.D S~ .
a t f *
First mortgage $2,000,0001 l5 0 3
5 g M -S '
l !« ■ 000 M ch" l 'i n i a
gold ($1,000) guaranteed [Interest at Agency of Bank o f Montreal N Y
„ c*
-------------------------------------J Northern Trust C o., Chicago. Trustee ’ *
Second mort a -e $ 5 0 0 ,0 0 0 / 1905
6 g J-J
500,000 See text
gold ($1,000) s rl >1-------c*\ Int. at Agency Merchants’ Bk. of a n .,N . Y .
n S s'7 P e Ilrst o s haXe .no s*nh*ng fund, but are subject to all on any
S
i S
’W
8, wefks* notice at 105 and Interest. The bonds are
guaranteed, principal and Interest, by endorsement by the Dan lie Street
RaUway & Light Co. and the Urbana & Champaign Railway Gas v Electric
s?n
Pr’ 264 - , T h e second 6s mature $50,000 on Jan. 1 1908 and
fp5n,i?H°,,nM ^ f n- \ thereaffer. The $50,000 due on Jan. 1 1008 were ex?
Ject^to call a^ p a r
A
C oCand Thos'.' FyLllZ” 01'011 C° ‘
S
n
f f i
to^ r7 „ c ? £ 8£
Trustces are Montreal Trust & Bcposlt
^OperatesVo.l mllesof track over private right of w av connertimr
tb® ( <tl s of Danville, Urbana and Chamnatgn with branches 'from D-in^
vtllc to G -or-etnw n an-' RM<re Farm; Danville to Catlln fn d O^den ?o
i n d ^ ' tr lu 'c a rs '? "8*
HaS 22 m° t0r Cars* 1 ° eIectrIc an d“ team low m otlves
$ l K ? R i ^ b i lenio 2 27air 19° 7 ’ Kr° SS* $3 5 0 ’407: net- 5167,522; Interest.
O F F IC E R S .— P r e s .,“W . B . M cK inley; S e c., E . A . M a c N u tf Treas
Geo. M . M attls.— V . 81. p. 264; V . 83, p. 435; V . 84, p 3 3 8 ?
(10) Illinois Central Traction Co.— A trolley road
ral^ ^ < ^ ^ 8^ ^ ^ M i^ P r h v a ? e )rriglit o ? w a y ? 0*8 In 1903 Udder ^ neraI
Stoek°CK A N D B O N D S
Date.
Interest. Outstanding^.
M aturity.
1
h ‘ 52:o‘ o'o'.oob‘ '($ T ,: i 1565
5 g"J: D
’ i lie ilS o o b V c i 'i f l a a
S
, S0ldA’ (ruarK f - ; - . - - - c iIn te re s t at City Trust C o.. Z s t o n Trustee
1 n7
i^ fe 8l}bJect t0 caU on any Interest date on 60 days’ notice Cat
\07m a ^ dA,nJ5^. Are guaranteed, p. and 1., by Illinois Traction Co
V 82
^A Mnfctn(7 fund of 1 0 % of net earnings became ODeratlvn Dpe 1*
1998,; but n °t to be less than 1 % 0 f bonds outstanding
operat,vo D ec- 1
. „ ^ ? . A t , r ~ ° P erate® 4 3 9 m,les of track from Decatur to Sprinefleld with
cars6 anCd S2°o ^ fa l“ rsBU a ° l ° M.echanlcsbat^
79-lb . rall8. P' h £ i f ’m ^ r
m G»
f
— Pres-> W ■ B . M cKinley; Sec., E . A . M cN utt- Treas Geo
M . Mattls; Gen. M gr., M. E . Chubbuck. V . 82, p. 804; V . 84, p . 3 39. *
(11) Illinois Western Railway Co.
Capital stock. $500,000, all owned by III. Tract. Co. Is bulldln-’135 milea
of road from Springlield to Jacksonville, 111. Expected to be completed
[Y O L . L X X X V IIl.
ELECTRIC RAILWAYS
38
In 1909
Has 9 motor cars, 1 locomotive and 29 trailers. Temporary
bonds to the amount of 5290,000 have been Issued.
(12) Peoria Bloomington & Champaign Traction Co.
O R G A N I Z A T I O N .— Incorporated In Illinois In April 1905. Mostly
Drlvate right of w ay.
Has 50-year franchises In Bloomington and Peoria.
STOCK A N D B O N D S —
Date.
Interest. Outstanding.
M atu rity.
Stock S5 000
____________ A ll owned by Illinois Traction Co.
1st m tge’ 53 ,0 0 0 ,0 0 0 . goldf 1906
5 g M -N
52,000,000 Nov 1 1936
(51 000)
____________ cM In t. at agency Merch. Bk. of Canada, N . Y .
’
""
(Central Trust C o., Chicago, Trustee.
Bonds.— Are guaranteed, principal and Interest, by III. Trac. Co. T h ey
are subject to call on any Interest date at 105 on 30 days notlco
R O A D .— Is to operate 90 miles of track from Peoria to Cham paign..
Standard gauge, 70-lb. T rail. Has 10 motor cars and 28 trailers. Is now
operating 38.6 miles of track between Bloomington and Peoria. The
bridge over the Illinois River was completed In April 1907. Owns power
house In Peoria of 4,000 k. w . capacity.
(13) Peoria Lincoln & Springfield Railway Co.
Completed during 1907 a road from Lincoln, 111., to Mackinaw, 111.,
connecting the Springfield & Northeastern Traction Co. with the Peoria
Bloomington & Champaign Traction C o., and making a through line from
Bloomington and Peoria to Springfield and St. Louis. Total track operated
28 6 miles.
Has 3 motor cars, 1 locom ot.ve and 67 trailers. Mostly private
right of w ay. Capital stock all owned by Illlno s Traction Co.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
________
See text
____________
Stock 5500 000 ________________ ______
First mortgage 51.350,000? 1908
5 g M -S
5900,000 Mch. 1 1938
t i l 000) gold____________ c*lCentral Trust Co. of Illinois, Chic., trustee.
’
lin t , at agency M rch. Bk. of Canada, N . Y .
Bonds — Are guaranteed principal and Interest by endorsement by Illinois
Traction Co. subject to call lnany amount on 4 weeks’ not.ee on any Interest
date at 105.
No sinking fund.
(14) St. Louis Decatur & Champaign R y.
O R G A N IZ A T IO N .— The entire 5100.000 stock Is owned by the Illinois
Traction Co. Operates 53.66 miles of track from Champaign to Decatur.
H as 0 motor cars, 1 locomotive and 43 trailers. Mostly private right of
w av. Officers same as for Illinois Traction Co.
B ON DS—
Date.
interest. Outstanding.
M aturity.
First mortgage St Louis D &1 1906
5 g M -N
51,4 2,000 N ov. 1 1936
C R y Co, 53 ,0 0 0 ,0 0 0 , gold (Central Tr. Co. of Illinois, Chicago, Trustee.
( 5 1 ,0 0 0 ) _________________ c*JIn t. at A g cy. of Merch. Bk. of Canada, N . Y .
Bonds.— Are guaranteed, principal and Interest, by endorsement, by the
Illinois Traction Co. Can be called on any Interest day at 105. Covers
50 miles of track.
(15) St. Louis & Northeastern R y.
____
„
O R G A N IZ A T IO N .— Incorporated In Illinois In 1904. Stock all owned
by Illlnos Traction Co. Temporary bonds only to the amount of 5902,000
are outstanding. All the property of the Danville & Edwardsvlllc Terminal
R R . Co. has been transferred to this company.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock, 51,000,000 (5100)---------------51,000,000
...............
R O A D .— Operates 24.4 miles of road from Hillsboro to Staunton. Has
12 motor and 21 trail cars.
_
,,
„„„
O F F IC E R S .— Same as those for 111. Traction C o.— V . 81, p. 156, 976.
(£6) St. Louis & Springfield R y .— A trolley road. Mostly private right
° f O R G A N IZ A T IO N — Incorporated In Illinois In 1903.
STO C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock
__ _ _ _ _
_______
$o7O|000 _ _ _ _ _ _ _ _ _ _
1st m tge. 52,'2 5 0 , 000 (51 ^00”o’)',l 1903
5 g J- D
1,520,000 Dec 1 1933
f gold guar
___ c*JIn t. at City Trust C o., Boston, Trustee.
• 14
s
120,000
2d mortgageBonds — First mortgage bonds are subject to call on any Interest date
on 60 days’ notice at 107H and Interest. Arc guaranteed, p. and 1., by
the Illinois Traction Co. Sinking fund of 1 0 % of net earning, or l % of
outstanding bonds, started Dec, 1 1908.
E A R N IN G S . —For year ending Dec. 31 1907, gross, 5308,598; net (after
taxes) 5115 418; Interest, 576.000 ; surplus, 539,417.
R O A D .— Operates 62.5 miles of track from Springfield to Carllnvllle and
forms part of a through line from Springfield, 111., to St. Louis, M o. 4
motor and 2 trail cars.— V . 85, p. 100; V . 86, p. 422.
(17) St. Louis & Staunton R y.—
.
Incorporated N ov. 1907. Owns and operates 19 miles of road between
Staunton and Edwardsvllle, 111. (which was formerly owned and operated
bv the St. Louis & Northeastern R y .)
Has 6 motor cars and 47 trailers.
Mostly private right of w ay. Capital stock all owned by Illinois Traction
Co
5900.000 temporary bonds have been Issued.
(18) Springfield & Northeastern Traction Co.
O R G A N I Z A T I O N .— 51,350,000 of stock Is owned by Illinois Traction Co
Mostly private right of w ay.
_ ,
„
ST O C K A N D B O N D S .—
Date.
Interest. Outstanding.
M aturity.
ls^m tgV'^LdoO ^O O ^yf.OO O rr lOOO
5 g J-D
800,000 Dec 1 1 9 3 6
pold
..................c*l Int. at acrcy. Merchants’ Bk of Canada. N . Y .
ICentral Trust Co. of Illinois, trustee.
B o n d s __ Bonds are g u a r.,p . and l .,b y endorsement by Illinois Traction
Co. Can be called on any Int. date on 4 week’s notice at 105. N o sinking
fU R O A D .— Operates 33.3 miles of track, from Springfield to Lincoln.
27 trail cars. V . 85, p. 055.
Has
O w n s^h a^ p orG M o^ road lying between Edwardsvllle and East S t. Louis
which was formerly owned by St. Louis & Northeastern R y . Co. Mostly
private right of w ay. Total track operated 20.7 miles. Has 10 motor
cars and 28 trailers. Stock all owned by Illinois Traction Co. 5900,000
temporary bonds have been Issued.
OTHER PR O PE R T IES. AN D R O A D S U N D E R C ONSTRUCTION.
(20) Danville & Eastern Illinois R y .—
.
...
Is building from Danville to Indiana State line, 7 miles, to connect with
Indiana Intcrurban roads. 3 miles has been completed. A t Terre Haute
connection will be made with Indiana Interurban roads.
Has power house
In Danville. In Sept. 1907 Increased stock from 55,000 to 5500,000.
V.
85, p. 722. Temporary bonds to the amount of 5240,000 have been Issued.
(21) Madison County Light & Power Co.
Is a consolidation In 1906 of the Edwardsvllle Light & Power Co. and the
Granite City-Venice Electric Co. Supplies light and power to Edwardsvllle.
Granite C ltv, Venice and Brooklyn. Stock all owned by 111. ’lractlon.
ST O C K A N D B O N D S .—
Date.
Interest. Outstanding.
M aturity
XI HO 000
_______ ______
___________
5100,000 ------------------1st mtge si,O O o',66o'(5'l,000) ( 1906
5 g J-D
377,000 Dec 1 1936
(Tom
_______________ c*( Int at agcy. Merchants’ B k .o f C anad a,N . Y .
ICentral Trust Co. of Illinois, trustee.
Bonds.__ Guar. p. and 1. by Illinois Traction Co. Can be called on
four weeks’ notice on any Int. day at 105
No sinking fund.
(L R G A N IZ A T I o n I — Incorporated In Jan. 1907 with nominal (52,500)
nanital stock to build’ a bridge from Salisbury Street, St. Louis, to Venice,
I l f at an estimated cost of 5 2 .500,000.
For franchise provisions, see
V 85 P 100
Construction was started in Oct. 1907. Ralph Alodjeskl
ls chu’ f I’niiucvr.
v . 60 , p. 1<>'). Temporary nouus are ucuig Issueu as
D A V E N P O R T , IO W A .
IO W A & IL L IN O IS R Y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated In Iowa In September 1901 .
Is an
electric road, with a steam charter. Franchises expire In 1951.
STO C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
-----------------5 1,500,000 ----- -------------Common, 51,500,000 (5100)
J'ref $500,000, 6 % n-c ( 5 1 0 0 ) . ------------------500,000 .......................
1st m tge 52 000,000 , goldl 1904
5 g J-J
1,050 000 Jan 1 1924
(51 000) .......... - ............-.c * /I n t e r e s t at Girard Trust Co. Phlla., Trustee.
Bonds.— Of the 52,000,000 authorized, 5500,000 are reserved for acquir
ing other railways and 5450,000 to provide for steam railway terminals and
equipment at 8 0 % of cost. No sinking fund, but subject to call on any
Interest date at 105 and Interest. See V . 82, p. 100, 160.
E A R N IN G S .— -For calendar year 1908, gross, 5135,073; In 1907, gross,
5132,849; In 1906, gross, 5109 ,18 3.
.
R O A D .— Operates 36.4 miles of track between Davenport and Clinton
on private right of w ay. 70-lb. T-rall. Standard gauge.
Has traffic
agreement for transferring passengers to Rock island and Moline, 111.
O F F IC E R S .— Pres., Garrett E . Lam b; V .-P . and Asst. Trcas., Frank W .
Ellis- 2d V .-P ., Henry Thuenen Jr.; Sec., R . B . McCoy; Treas., C. B. Mills;
A sst’ Sec , L. Lam b: Gen. M gr., P. P . Crafts, Clinton. Iowa; Su pt., F. A .
Perkins.— V . 80, p. 1058; V . 82, p. 100, 160.
TH E T R I-C IT Y R A I L W A Y & LIG H T CO.—
O R G A N IZ A T IO N .— Incorporated In Connecticut In April 1906 and owns
the entire capital stock (except directors’ shares) of the People’s Power C o .,
the People’s Light C o., the Davenport Gas & Electric C o., the Trl-Clty R y .
Co the Davenport & Suburban R y. Co. and the Moline E. Moline & W ater
town R y . Co. All stock and bonds (with the exception of 5399,000 bonds
given below) have been deposited as additional security for the new m ort
gage
Controls all gas plants, electric lighting companies and street rail
way lines In the contiguous cities of Davenport. Iowa, Rock Island, Moline
and East Moline. 111. Population served, approximately 100,000. Fran
chises, with one comparatively unimportant exception, are said to extend
to maturity of mortgage In 1923 and beyond.
M E R G E R OF S U B S I D I A R I E S .— In 1907 the Trl-Clty R y . Co. and the
Davenport & Suburban R y . Co. were consolidated, the Trl-Clty Railway
Increasing Its stock from 51,500,000 to 5 2 ,5 0 0 .0 0 0 , In order to take over
the Davenport & Suburban line. V . 85, P -1 6 1 .
the Trl C ity R y. again
Increased Its stock from 5 2 ,500,000 to 5 3 ,000,000 In Dec. 1908.
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
r „'n *m o 'T U
Common. 80,000.000 (5100).........................- - - - - Pref.S3,000,000.6 % cum (5100) . . . .
6 Q-J
g . s -0,200 Jan. 09
Coll trust 1st lien, mtge, 59,-1 1906
5 g A -0
8,0 3 3 ,0 0 0 April 1 1923
000 ,000 s f g o ld .............c & r /In t. at N . Y . Trust Co.
X ;;, } iUSioCna
1891
6 g J-J
345.000 July 1 1909
Dav & R I, 1st mtge, g. 8 1 .(part due yearly) to July 1 1911
000,000 ($500 & 5 1 ,0 0 0 ).c * Int. payable In N . Y . at Chase N a t. B k. and
. In Chicago at 111. Tr. & Sav B k., trustee.
5
54,000 Sept 1 1922
Trl-Clty R y ________________ __________
Stock.— Preferred stock Is redeemable at 120. See V . 82 p . 1213. Listed
on Montreal and Toronto Stock Exchanges.
,
,
Bonds.— Of the 59,000,000 new bonds, 5405,000 are reserved for prior
liens, 5507,000 for 8 5 % of cost of future additions and Improvements and
555,000 have been retired by sinking fund. Arc subject to call on any
Interest date at 105 and Interest. A sinking fund provides for the redemp
tion of 52,250,000 bonds by m aturity. Coupon bonds are In denomination
of 51,000 and registered bonds In 5 1,000, 55,000 or 510,000. Of the Daven
port & Rock Island bonds, 5 % Is due annually to 1910 and the balance on
^UDi»ldends.— First dividend on pref., 1V 6% , paid July'1 9 9 6 . and I H %
was again paid Oct. 1 ’06. I n .1 9 0 7 ,6 % . In 1908, 6 % . In 1909, Jan ., 1 H /o •
E A R N IN G S .— For 12 months ending Dec. 31;
„
Year—
Oross.
Net.
Fixed Ohos. Sink.Fd. .Slirpjai.
1908
........................... 51,819,077 5749,761
5440,294
550,000 52o9,467
1907
. . 1,782,356
649,964
388,343
37,500
214,121
R O A D .— Operates about 87 miles of standard-gauge track, connecting
the cities of Davenport, Iowa, and Rock Island, Moline and East Moline,
111.; 80-lb. girder and 60 to 75-Ib. T-rall.
„ „ n„ .
O F F IC E R S .— Pres., J. F. Porter, Davenport- V ice-P res., P . G. Gossler,
New York; Vice-Pres., Geo. D . M ackay New York; S e c.. H . R . Tobey.
Treas., T . F. W ickham ; Asst. Sec., M . K . Parker, Asst .T r e a s ., l . W . M of
fat Jr. Operated under management of J . G. W hite & Co. In c., New York.
— V . 85, p. 161, 1006; V . 87, p. 98, 168.
D A Y T O N , O H IO .
O^RGA N LZA T I ON .^C hartered f\ti«f * 2 1893.
Is a consolidation of the
Dayton Street R R ., the Dayton & Soldiers Home R R ., the Fifth Street
R R . and the Green line. Franchises run for 50 years from Feb. 8 1892
“ k AJ S ? lo o o s u io 000 new common stock was offered to shareholders at
par; at the same time a special dividend of 5 % on this stock was declared.
q t o p k a n 'd ^BO ND S—
Date.
Interest. Outstanding.
Maturity,
PomnTon 52 400 000 (5100)...............
Q-J
52,195,900 Jan.'OO, \% %
P ?X ?red ’ 5600 000 (5100) - ...............
6 Q-J
600,000 Jan.’ OO, 1 * %
* Soldlers’ Hom e R R l 1891
0 J-J
65.000 Jan 1 1911
° ai^t mortgage
____ /Interest at Chemical N at. Bank, N . Y . City.
m VI n E N D S — 6 % per annum Is being paid on preferred. On common,
in Toon 6 1 •In 1901 6 % ;l n 1902, 6 % ; In 1903, 6 % ; also 16 2 -3 % (5250,000
n n w ' S ' r at oar'or n cash) declared N ov. 1903). paid Jan. 1 1904: In
1901, 6 % fin 1905 0JV % ; in 1906, 7 % ; In 1907. 7 % ; In 1908, 7 % ; in 1909,
^ E A R N IN G S .— For calendar year 1907, gross, 5589,413.
In 1906, gross,
* 5R O A D — Controls' a^id^operates Yn all 30 miles of track, namely, Third
sr^ P f i inT lUfth Street Line, Green Line, Dayton & Soldiers’ Homo
R v and Kammer A ve Llne; gauge 4 ft. 8 * In ; rails, 70 and 80-lb. T and
70 and 00-lb. girder: operating 42 G. 10. 67 and 50 G . B . 800 motor equip
ments: 100 motor cars, 10 trailer cars and 3 spilnklers.
o f f i c e r s __ Pres
D . B . Corwin; 1st V .- P ., C. B . Clegg; 2d V .- P .,
F
J B a r u - v - S e e
E i L G r l n n s ; Gen. Sunt, and I’ ll ch. \ g i.. 1 K Unwell.
Office Western and Auburn Avenues, D ayton. V . 77, p. 2158, 2280;
V . 81,’ p. 31; V . 83, p. 1590.
_______
D AYTON COVINGTON & P1QUA T R A C T IO N .— A trolley road.
O R O A M I Z A T I O N — This was formerly known as the Dayton & Troy
Traetinn hut name changed to the above In Aug. 1901. The D . & T .
Tract on ’ was*Incorporated In Ohio In Jan. 1900 to build a street railway
from Davton to Troy but route was changed, and road constructed from
Davton to Covfngton and PlQua. about 38 miles; 70-lb. T rails. Company
acqulred the°right to use the tracks of the People’s R y . in entering city
of D ayton.
s t o c k - a n t i B O N D S—
Date.
Interest. Outstanding.
Maturity.
S t f K f h A5 «0 0 S (5 1 0 0 )
— .........................
5600.000 ......................
W°fM ) St Louis Electric Tcrmiflal Railway Co.
Organized to build extensive terminal freight and passenger stations to
cost about 5 5 ,000,000.
Owns valuable real estate and a 50-year franchise
giving the Illinois Traction an outlet In St. Louis.
Expected to be com
pleted In 1909 ° Capital stock, 5 1 ,000,000, all owned by Illinois Traction
So. Temporary bonds to the amount of 5891,000 have been Issued.
V . 85,
p. 100.
_
fsrte mortgage * 3 5 5 0 °0 0 0 ? goldf 1902
5 g A-O
4 5 0 ’, 000 April 1 1922
l8 / /? °
B
i nt. at Old Colony Tr. C o., Boston, Trustee.
2d mortgage; 3 6 b ; 6 o 6 : : : : : ..................
6 g M -S
00,0 0 0
S e etex t
nmirf. — s i 00 000 1st m tge. bonds are reserved for extensions and Im
provements: 2d mtge. bonds arc subject to call on any Interest date at 105.
O F F IC E R S .__ Pres., D . Dwyer; V .-P . and Gen. M gr., Thos T . Robinson:
Gen. Supt!. E-. C. Spring.— V . 7 7 , p. 140.
Is constructing a b e lta n e from the Illinois .TF^?tJon road east of Spring
field to connect with the line south of city limits In order that It will not be
necessary to run express cars through Springfield . Right of way practically
all secured. In Sept. 1907 stock was Increased from 55,000 to 5500,000.
V . 85, p. 723. Temporary bonds only have been Issued.
(25) Urbana Light. Heat & Power Co
. TT .
Controls the electric lighting and steain heating business of U rbana.
Entire stock is owned bv Illinois'rract oii Co.
ST O C K A N D B O N D S .—
Date.
Interest.
Outstanding.
Maturity.
Stock 5 10 0.000 .......................................
- ^ce text
-- -- -- .
D AYTON & TROY ELECTRIC R Y — A trolley road
O R G A N I Z A T I O N . — Incorporated In 1900.
Is built entirely on private
right of way. Completed In Deo. 1901. R a Is 70-lbi T
Power house
located at Tippecanoe City. Ohio. Stock, *<>00.000 (5100) com m on, and
5500,000 (3100) preferred: cumulative 5 % .
No bonds contemplated. In
May 1902 took over the Miami Valley R y. under a 99 year lease at a rental
of 59.600 per annum, which Is applicable to the stock of 5300 ,00 0, mortgage
'■ * - W
’ “ •00° « » » ) - - • : , ; « * „ t
.v r ^ c m o ^ T S -
2d)m 1esgaffFlrst m ort bonds mature 5 2 ,0 .10 to 54,500 annually on May 1
until May t 1920
3l2.m n) retired up to June DV'«.
.
O F F IC E R S .— P its.. W . B. VIcK n 'o i' Sec. E. A . M cN utt; T iea s..
Geo. M . M attis; Gen. M gr.. M. II. Ch bbuck.
^^ D toir/cnds.— On 'the preferred stock 5 % per annum Is being paid. On
com ., Jan. 1 1904, 2 % ; In 1905, Jan ., 3 % ; July 1 1 % ; A u g .. 1 % ; Sept.. 1 % ;
In 1906, Jan., 2 % ; March, 2 % ; Sept., 2 % .
In 1907, July, 2 % .
R O A D .— Owns and operates 30 miles of track (10 miles double. 10 miles
single) between Dayton and Troy.
Leases the Miami Valley R y ., extending
from Troy to PIqua and comprising 17 M miles of track. Total track, 4 /> 4
miles.
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DENVER CITY TRAMWAY CO
D E N V E R ,
C O L O R A D O
^
40
ELECTRIC RAILW AYS
O F F I C E R S .- P r e s .,H . P •Clegg; V .- P ., Chas. B . Clegg; Sec. and Gen.
M gr., C. M . Paxton. Gen. office, D ayton, O .— V . 76, p. 653, 751, 1020.
D A Y TO N & X E N IA T R A N S IT CO.— Trolley.
Receivership.— Judge Thompson In U . S. Court at Cincinnati. March 12
1008, appointed C. J. Fernedlng (Pres, of road) receiver. Second mtge
Interest Is In default for 1906 and 1907. V . 86, p . 668.
lKe'
O R G A N IZ A T IO N .— Incorporated In 1001 as a consolidation of the D avton & Xenia Traction and the Rapid Transit Co. of Ohio. The Dayton &
Xenia Traction had in 1809 purchased the D ayton Spring Valley & W il
mington Transit Co.
*
1
STO C K A N D B O N D S —
Date.
Interest. Outstanding.
Maturity
Stock, 5 8 0 0 .0 0 0 .................................. ...............................
5800,000
V
1st mortgage. 5 5 00 ,00 0, goldl 1901
5 g A -O
500,000 April V 1921
(51.000) . . . . . . — - ..........c*/ln terest at Old Colony Trust C o., I3os., Trus
2d mortgage, 5 300 ,00 0............. ( 1901
5 g A -O
300,000 April 1 1 9 2 1
(W orcester (Mass.) Trust C o., Trustee.
? i \ 5 £ f IN G S ’— The £ro3S earnings for the year ending Dec. 31 1906 were
[Y ol. l x x x y iii .
STOCK A N D B ON DS—
Date.
Interest. Outstanding.
M aturity.
Stock 520,000,000 (5100).......................
---------- - - - 55,000,000 In 1907, 6 %
Den Tram con m tg gold 52,-1 1890
6 g .T -J
1.219,000 Jan. 1 1910
000,000 .........................c*& rj
M et St R R 1st 'i g $ l , 000,000 1891
6 g J-J
953,000 Jan. 1 1911
Denver Consol Tram way cons) 1893
5 g A -O
M 6 5 .0 0 0 O ct 1 1933
m tge, 5 4 ,0 0 0 ,0 0 0 , gold-------1 Interest at Mercantile Tr. Co N Y Trust
Purchase money m tge g old / 1899
5 g A -O
2.000 000 April 1 1 9 1 9
52.000.000(51.0 0 0 * 5300)c*lIn terest at Central Trust Co N Y ^ Trustee
1st & ref mtge 5 2 5 ,0 0 0 ,0 0 0 -.- 1908
5%
See text
'
1938
Bonds.— -Interest on all underlying bonds Is payable at Mercantile Trust
C o.. New York and In Denver. The mortgage of 1899 Is a first Sen on the
Denver City and W est End properties and a lien on the Denver Consolidated
Tram way Junior to Its existing mortgages, to remain outstanding and be
assumed. Abstract of Denver Consolidated Tramways consolidated mort
gage of 1893. V . 52, p. 3 54. Of the first and refunding bonds of 1908 ”$1 3 000,000 are reserved for prior liens and remaining 512,000 ,000 to be issued
for additions and extensions for actual cost and only when net earnings
are at least 1 5 0 % of Interest charges on bonds outstanding- no more than
|35<L000 are to_be Issued In any one year until all old bonds are retired.
R O A D . — Owns and operates 51 miles of road from Dayton to Xenia, and
from^Dayton to Spring Valley, of which about 20^mllesils over private right
R O A D .’— Owns 184.28 m ile; o f electric track. Gauge, 3 ft 0 In
Prin
cipally 65 and 72-lb . rail. 360 cars, of which 250 m otor passenger cars"
62 trail passenger cars and 48 miscellaneous.
passenger cars,
D IV T D E N D S .— Dividends of 6 % per annum’ have been paid on Denver
City Tram way stock since May 15 1902. Previous to 1902, 4 % per annum
was paid.
O F F IC E R S .— Pres., W m . G. Evans; 1st V .- P ., S. M . Perry; 2d V -P and
OAKVVOOD STREET R Y . C O.— A trolley road.
Gen. M an., John A . Beeler; Sec. and Treas., Th os. Keely- Aud ' w
A
D o t y .— V . 84, p. 220, 390; V . 87, p. 226, 613; V . 88 , p. 374.
' A'
,
M * 2?. A 87° l f i . Ohio, Franchise
plres 1941. Stock authorized and outstanding, 5500,000 (par SI001
(2) The Denver Tram way Power C o.—
bonds. TP
Operates
8 miles of track between suburbs of Dayton
S ta n d a rd
n *•»-» l n r » .' n a l o n r l n w «*<«««. 1 0 A H
_____ ...
* 4 w n ,, ..
W V U U U a iU
O R G A N IZ A T IO N .— Incorporated In Colorado March 1901 and owns
gauge. Earnings calendar year 1907. gross, 5150,860; net, 123 138
In
the electrical power plant and distributing system which suppl e< the cur
1906, gross, 5 142 ,12 2. Pres, and T r e a ,., Charles B . Clegg, D avton-Sunt
Henry Gebhart, D ayton.
waJrw>n,.Supt.1 rent for the operat on of the Denver & Northwe tern and the Denver Cltv
Tram way lines. This company Is lea ed for 20 years from April 1 1003 to
the Denver City Tram way C o ., the latter guaranteeing the bonds, both
PE O PLE’ S STREET R A I L W A Y .— Owned by the AmerlcanTRys Co —
principal and Interest, guaranty being endorsed on the bonds. Entire
See statement of the latter under Philadelphia.
IK y 8 * ^ ° stock Is owned b y Denver City Tram way.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity
5500,000
Stock 5500,000 ( 5 1 0 0 ) ..................... .................................
D E L A W A R E , O H IO .
First lmprov mtge $1,500,000 f 1903
5 g A -O
1 ,376,000 April 1 1923
C O L U M B U S M AQ N ET IC SP R IN d S & NORTHERN R Y .
gold (51,000) gu arp & l - . _ ( I n t . at Internat. Trust C o., Denver, trustee
O R G A N I Z A T iO N .— Hicorporated in Ohio on O ct. 15 1 9 0 6 and Is a
l or Morton Trust C o ., New York
consolidation of the Delaware & Magnetic Springs R y . and the Rlchwood
Bonds.— Of the 1st lm prov’ t m tge. bonds, 577,000 arc reserved fo utu
improvements at cost. Arc subject to call on any Intere t date aftc Apr
s r n r nir
PrlvaAe ,rl^ t of way except In City of R lc h w ^ V
STO C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity
1908 at 105 and lntere t. A sinking fund of 5 50,000 per annum, to rctl
Com m on, 5200,000 (5 1 0 0 ).....................................
5130 000
lvla,untV.
bonds at 105 and ln t., commenced In 1908, and 547,000 were redeemed
Pref. 6 % n-c. $ 2 0 0 .0 0 0 ............... ....
IIII I
100 000 .......................
M ay 16 1908. This 1s al o guaranteed by Denver City Tramway.
Interest
C M S& N 1st M , 5 4 00 ,00 0,goldl 1906
5 g M -N
25o’,000 N o v " f 1981
Is payable In New York and Denver.
(5 1 .0 0 0 ) , cannot be called.(Interest at Colonial Trust C o., Pittsburgh
P L A N T .— Is operated by and furnl lies all power for the Denver Tram
and no sinking fund . . . c*J
Trustee.
usourgn,
way Co. Normal capacity of com pany’s plant, which Is situated on the
Platte River in Denver, Is 7,500 k. w. Owns 3 sub-stations, two of 1,000
— Operates 18 miles of track from Delaware to Magnetic Springs
and Rlchwood.
springs
k . w. and one of 900 k. w. capacity.
O F F IC E R S .— Pres. W m . G. E v a n - V .- P ., John A . Beeler; Sec. and
O F F IC E R S .— Pres., W . M . Galbraith; P itts.; V .-P . and Treas
C
Magee Jr., P itts.; Sec., H . E . Buck, Delaware, O .— V . 83, p. 1228, 1460. " Treas., Thos. K eely.— V . 8 2 . p 1437: V . 8 3 , p. 36; V . 86, p. 1105.
O F F IC E R S .— Pres., Clement J. Fernedlng; V . - P . ^ H . L . FernedlngTreua,3' V E^ Ward 3 nt^ ; -S e c ’ ° - ° - Ozlas. Office, D ayton. O .— v 7 3 ’
p . 82; V . 7 4 , p . 205; V . 78, p. 820; V . 86, p. 668
’
D E N IS O N , T E X A S .
DEN ISO N & SH ERM AN R Y .— A trolley road.
O R G A N I Z A T I O N .— Incorporated In Texas on A u g. 2 7 1 9 0 0 . C o m
menced operations M ay 1 1 9 0 1 . Franchises, 5 0 years In Denison and Sher
m an.
Private right of way between cities.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity
Stock 5300,000 (5100)........................................................
5250,000
First
mortgage,
5350 ,0 0 0 ( 1902
5 J-J
265,000 J u l y "V I 927
( 5 1 .0 0 0 ) ..............................c*| Illinois T r. & Sav. Bank, Chic., & W
H
_
l Henkle, Trus. In t. at N . W . Harris & Co'
Second m ortgage,
550,000 ( 1902
6 Q-J
50,000 July 1 1912
..............................(Interest at Illinois Trust & Savings Bank
( 5 1 .0 0 0 )
„
J
l Chicago, and W . II. Henkle, Trustees ‘
Bonds.— Interest payable In New York and Chicago. First mortgage
bonds are subject to call on July 1 1917, or after, at 105 and Interest* A
sinking fund begins July 1 1905 of 2 % per annum of bonds outstanding u n t il
1913, when amount payable Is 3 % Der annum until 1917; from 1918 to 1922
Inclusive, 4 % per annum; 1923 to 1926 Inclusive, 5 % per annum. 525 000
held In sinking fund Jan. 1 1909.
9 o.uuu
R O A D .— Operates 16 miles of track (8 miles^between Denison and Sher
man and 8 miles In the cities). 60-lb ., 70-lb. and 80-lb. T rails
Also
owns 45-acre park situated midway between the two cities
’
. , F & R NI]y G?A 7 ;1‘! months ending April 30 1008, gross, 5110.537- net
5 36,324 .
In 1906-07, gross, 5103,121; net. 533,267.
.n e t
O F F IC E R S .— Pres, and Treas., J. P . Crerar; V .- P ., John Crerar
Principal office Denison Texas — V . 81 , p. 613
crerar
d e n v e r
T
c o l
.
T H E D E N V E R & N O R TH W ESTE R N R Y .— A n electric road.
O R G A N I Z A T I O N .— Incorporated In Colorado In June 1901
Current
la furnished by Denver Tram way Power Co. Franchise In Denver runs for
50 years; in Golden for 99 y e a n ; upon and across county roads Is perpetual
Remainder (comprising main mileage) Is over private right of way
'
In May 1902 purchased the stock of the Denver Tram way Co. See V 74
p. 1038. This stock has been deposited as collateral under the new mtg’e ’
In Sept. 1908 It was reported that a merger of this com pany, the Denver
City Tram way Co. and the Denver Tram way Power Co. was contem
plated. See V . 87, p. 613.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity
Stock 5 6 ,0 0 0 .000 (5100)...................................................... 5 6 ,000.000
u lu rc l«
First and collateral mortgage) 1902
5 g M -N
6,000,000 May 1 l532
§nld 56,000,000 (5500 and (Interest at Mercantile Trust C o., New York
'hl'rTu-------Trustee; also office of company In Denver.’
aonas.— o an be called on any Interest day at 105 and Interest upon 90
I!ot'c?;
° n Aug. 1 1907 whole issue was called for payment N ov. 1
T?Art.’J?-Cc-parU^ Intervening, the notice was rescinded.
„
„ „ ; ~ « 9 tflcPin,bJnetLsy 'tem for year ending June 30 1908, gross,
oRr’ 6 0 0 ’ 1^0 ’ flxc(l charges, Including taxes and franchise
n u j &
l'U,?!.u<.' 5690 ,15 5.
For year ending June 30 1907,
*1-480,868; fixed charges, Including taxes and franchl^ P ^ yme^ ts’ f 877„-„845: surplus. 5603.223.
. . J * , ® " " • ^ r 2 pPfar5?.l.26; 2A2 mltcs of tmek through former town of Berkew ? n r t f ° L C iy ofi u .c ny,er) • northwesterly through Arvada to coal2al ? ,n/ . town, #
oAU.’J nSludlng branch from Arvada to Golden. Gauge
®:f t - 6 *n.- 7o and 80-lb. T rail. 106 cars, of which 5 are motor freight’
93 gondola, flat and dump freight cars, remainder miscellaneous.
O F F IC E R S .— Pres. S. M . Perry; 1st V .- P ., W . G. Evans; 2d V .-P . and
Gen. S u p t., John A . Beeler; Sec. and Treas., F . G . Moffat; A u d .. W . A
D o ty .— V . 7 4 , p . 1037; V . 85 , p . 40, 1143.
(1) Denver City Tram way C o.— (.See M a p on Page 3 9 .) — Electric.
!n May 1902 Denver & Northwest R y . obtained control, exchanging its
lecurltles for Denver City Tram way stock. See V . 74, p. 1038.
O R G A N I Z A T I O N .— Chartered In Colorado In Jan. 1899.
Is owner b y
purchase and consolidation, of following companies, formerly operating
In and about Denver: The Denver Electric & Cable R y ., the Denver Tram
way C o., the South Denver Cable R y ., the Denver Tram way Extension
C o ., the Denver Consolidated Tram way C o., the Metropolitan R y
the
Denver City Cable R y ., the W est End Street R R ., the Denver City Trac
tion Co. and the Colfax Electric R y . Also owns entire stock of Denver
Tram way Power Co.
«oFJnes '5 Clty of Denver are operated under a franchise granted Feb 5
1885, authorizing company to build, operate and maintain cable and elec
tric railways. Thl-i franchise Is said to be without lim it, provides for 5-cent
fares, for paving, &c. A l-o operates under a 20-year grant voted by the
tax-paying electors of the city on M ay 15 1906, authorizing company to
maintain three-ra 1 tracks, gau ge! 3 ft. 6 In. and 4 ft. 8 H In., overall lines
In the city, and permitting the construction of certain viaducts and e x
tensions. See decl Ion In V . 84, p . 220.
olders Feb, 19 19 0 7 authorized an lncrca~e In the stock to 5 2 0 0 0 0 ,0 0 0 . See V . 84, p. 390. On A u g. 27 1908 authorized 525,000 000
m tge. (see be ow ). v . 87, p. 613. On Mch. 6 1909 stockholders will vote
on a proposition to cancel this m tge. and to authorize a new Issue, not to
exceed 5 2 5 ,0 0 0 ,0 0 0 , of 5 % 25-year sink, fund gold bonds. V . 8 8 , p. 374
DERRY, PA.
W E S TM O R E LA N D C O U N TY R A I L W A Y C O —
O R G A N iZ A T IO N .— incorporated In Pennsylvania on Dec. 27 1904. Is
a consolidation of the Bradcnvllle & Derry Street R y . and the Blalrsvllle &
Derry Street R y .
Date‘
M e r e s t. Outstanding.
Maturity.
Stock 5500.000 (350)...........................................................
5500.000
First mortgage 5250,000 gold? 1005
5 g M -S
250,000 M c h r "l'i935
* -Jr- - - r
- - - - c* i Int • ftt East E n d - S a v - * T r - C o.. Pitts., T r
B O N D S .— N o sinking fund and bonds are not subject to call.
E A R N IN G S .— For year ending June 30 1907, gross, 546,008; net. $ 1 0 ,
915; Interest and taxes, 514,520; surplus, 55,395.
R O A D .— Operates 7 miles of track.
O F F IC E R S .— Pres.. Jos. Keeling: S e c., A . P . Meyer; Treas., J. G. VIIsack, all of Pittsburgh; Su pt., S. F . Schwartz, D erry.— V . 80. p. 1176;
V . 82, p. 50.
D E S M O IjN E S, I O W A .
DES A10INES C IT Y R A I L W A Y .— A trolley road.
O R G A N IZ A T IO N .— A consolidation In 1893 o f the Des Moines Street
R R . and the Des Moines Suburban R y . Co. Is authorized to carry freight
Franchises In Des Moines considered perpetual under a charter granted by
the city of Des Moines to Dr. M . P. Turner on D ec. 10 1866. On N ov. 21
1905 the City Council passed a resolution directing the company to remove
its tracks from the streets. But on Feb. 27 1907 the U . S. Circuit Court
at Des Moines,In an action brought by the company to restrain the city
from attempting to enforce this ordinance, decided that the franchise of
the company Is perpetual. V . 84, p. 508.
Guarantees the Interurban R y . Co. bonds— prin. and lnt. See below.
STOC K A N D B O N D S —
Date.
Interest. Outstanding.
Maturity
Common, 53.000,000 (5100).......................................
81,055,000
'
Pref 6 % n-c, 5 2 5 0 ,0 0 0 -..
250,000 .............
Des Moines St R R 1st M 1889
6 g A -O
315,000 Oct 1 ’09 to
gold, (51,000 each)-----(525,000 due yearly)
Oct 1 1919
American Tr. & .Sav. B k ., Chicago, Trustee.
Des Moines Sub R y 1st 1890
O g J -J
240,000 Jan 1910 to
mortgage,
gold
(51,000
(520,000 due yearly)
Jan 1021
each)_____________________ c* Interest at Chemical N at. Bank. N . Y . City
Trustee, Iowa Loan & Trust, Des Moines
Des Moines City R y refund’g 1901
5 g A -O
2,289,000 April 1 1021
mortgage, 53,00 0 ,0 0 0 , gold Interest at N . W . Harris & C o., N . Y . City
( 5 1 .0 0 0 ) .................... ........... c*
also Chicago. Trustees, Illinois Trust &
Sav. Bk. and W m . H . Henkle of Chicago
Bonds.— O f the new m tge. bonds of 1001, 8882,000 were originally re
served to retire the underlying 6s then outstanding. O f the $2,289 000 5s
reported outstanding, 85,000 have been deposited with Illinois Trust *
Savings Bank to be held In lieu of $4,000 Des Moines City R y . 6s still out
Bonds can be called on any Interest date on and after April 1 1006 at loti
and Interest. Sinking fund becomes operative as follows: $10 000 vcariv nn
April 1 from 1906 to 1910, $15,000 from 1911 to 1915 and 525 000 from
1916 to 1920. The remaining bonds m ay only be Issued to pay for 80 % of
cost of extensions, providing net earnings are 50 % lu excess of interest
Charges upon all bonds outstanding. Including those to be Issued
R E P O R T .— For calendar year 1907, gross, $779,059; net s s io ano.
taxes, $21,596: Interest, &o., $158,991; surplus, $38,922.
’ 9 1U.J99,
R O A D .— Operates 80 miles of track. Standard gauge- 45 to sr ih« m
and girder rails.
1
O F F IC E R S .— Pres., George B . Hlppce; V .-P ., H . H . Polk- Sec w m
Guernsey; Gen. M gr., C. P. W ilson; Su pt., W . G. Owens. V 77 ‘ n 7 «n'
V . 79, p. 1266; V . 81. p. 1013; V . 83, p. 7 51; V . 84, p . 508; V . 86. p. 540
'
IN T E R U R B A N R Y .— A trolley road.
O R G A N IZ A T IO N . - Incorporated In Iowa to construct a svstem of
Interurban roads connecting with Des Moines. The Des Moines City R v
Co. guarantees the bonds, prin. and lnt.
In April 1906 authorized stock
was Increased from 51,000,000 to $1,2 0 0 ,0 0 0 .
aurnonzea stock
ST O C K A N D B O N D S —
Date.
Interest. O u ts ta n d in g .
M a tu r ity .
Stock, $1,200,000 ($100)...............................................
$1,160,000 .................._
1st mortgage, sinking fund.l 1901
5 g A -O
.............
..
1,160,000
April 1 I 5 H
gold ($1,000), guaranteedlAm er. Trust & Savings B k ., Chic T r u s t s
p. & I. by Des Moines City Interest at N . W . Harris & C o.. New Y n rt
R y ................................ ........... c*J
and Chicago.
Bonds.— Other bonds m ay be Issued for acquisitions and extensions
not over 80 % of cost and at not over $16,000 per mile for new road but nn?»
when net earnings equal 1 M times all Interest charges on bonds outstanding
and those to be Issued. Bonds are subject to call on and after A n r ii 1 100S
at 105 and Interest, when a sinking fund of 5 % of balance of annual nV.J
earnings after paym ent of all charges becomes operative, and bonds s o n n r
chased are to be kept alive for purpose of the fund.
uunns so purE A R N IN G S .— For -1 2 months ending Dec. 31 1908. g r o s s t t t i s->«.
net, $71,717; in 1907. gross, $ 2 2 0 ,1 0 0 ; pet, $70,391.
uo,s ros3' *211,326 .
R O A D .— Connects Des Moines and Colfax, 24 miles Des urainc „n,i
Perry, with branch to W oodw ard, 38 K miles, and also operates 10 mfies^n
and around Des Moines; total, 72 H miles. Stan d ard gau ge-60 and 70 I lf
T rail. Cars enter Des Moines over tracks of Des Molnesgr itv n r 70 lb ’
O F F IC E R S .— Pres., H . H . Polk; V . - P . .E . P. Sndth ?Sec N T ’ Guern
sey; Treas.. Geo. B . Hlppee; Gen. M gr., 0 . P. W llso m — V ? 7 4 , p . 6 # 0 ? ^
F e b ., 1 9 0 9 .]
41
ELECTRIC RAILWAYS
M A P OP TIIE
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IN C L U D IN G
D E T R O I T
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SANDWICH, WINDSOR & AMHERSTBURG RY.
THE WINDSOR & TECUMSEH ELECTRIC RY. CO.
s.
DETROIT, MONROE & TOLEDO SHORT LINE RY.
DETROIT, JACKSON & CHICAGO RY.
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O R G A N I Z A T I O N .— In c o r p o r a te d In M ich igan D e c . 31 1900 an d t o o k
o v e r fra n ch ises an d p ro p e rtie s o f th e D e tr o it C itizen s’ S treet R y ., th e D e tr o it
E le c tr ic R y . . th e D e tr o it F t . W a y n e & B elle Isle a n d th e D e tro it S u b u rb a n .
V 72 d 44 183. E m b r a c e s all th e street ra ilw a y lin es In D e tr o it.
L a te r a b s o r b e d b y p u rch ase th e D e tr o it & N o rth w e s te rn R y ., w h ic h Is
k n o w n as th e O rch a rd L a k e d iv isio n , th e D e tr o it & P o n tia c R y . , k n o w n
as th e P o n tia c d iv is io n , th e W y a n d o tt e & D e tr o it R iv e r R y ., k n o w n as th e
W y a n d o t t e d iv is io n , a n d th e D e tr o it & F lin t, fo rm e r ly th e D e tro it R o c h e s
ter R o m e o & L a k e O rio n R y . . an d k n o w n as th e F lin t d iv isio n . O w ns e n
tire c a p it a l s t o c k ($ 2 ,0 0 0 ,0 0 0 ) o f th e D e tr o it & P o r t H u r o n S hore L in e .
I n A u g . 1901 p u rch a s e d 2,970 shares (all) o f th e s t o c k o f th e S a n d w ich
W in d s o r & A m h e rs tb u rg R y .; 180 shares (all) o f th e s t o c k o f th e C ity E le c
tr ic R y - a n d th e P e o p le 's E le c tr ic L ig h t p la n t o f W in d s o r , O n t.
I n F e b . 1908 Issued th e $ 1 ,0 0 0 ,0 0 0 n o te s In ta b le b e lo w , fo r th e p u rp o se
o f a c q u ir in g th e en tire s to c k o f th e D e tr o it M o n ro e & T o le d o S h o rt L ine R y .
V . 8 2 , p . 392.
I n J a n . 1907 c o m p a n y p u rch a se d c o n tr o l o f th e D e tr o it Y p slla n tI A n n
A r b o r & J a ck son R y ., th e J a ck so n A n n A r b o r & D e tr o it R y . an d the
D e tr o it P ly m o u th & N o rth v llle R y ., a n d reorgan ized th em u n d er the n am e
o f D e tr o it Ja ck son & C h icago R y .
V . 84, p. 450.
T h e U n ited S tates S u p rem e C ou rt o n M arch 3 1902 d e c id e d th a t th e
o r d in a n c e o f 1880 co m p e llin g th e C itizen s’ S tre e t R y . t o sell 8 tick e ts fo r a
q u a rte r w as In v a lid .
(See V . 7 4 , p . 528 .)
In J u ly 1906 a p r o p o s e d o rd in a n c e e x te n d in g th e c o m p a n y ’s fra nchises
u n til D e c . 4 1924 w as s u b m itte d t o th e C ity C o u n cil. See V . 8 3 , p . 2 7 1 ,
117 0.
V . 8 4 , p . 338. O rd in a n c e , h o w e v e r , fell th ro u g h .
O n M a y 1 1907 th e S u p rem e C ou rt o f M ich igan d e c id e d th a t th e c it y o f
D e tr o it c o u ld n o t la y s treet r a ilw a y track s th ro u g h Its D e p a rtm e n t o f
P u b lic W o r k s (as a tte m p te d u n d e r an o rd in a n ce o f th e C ity C ou n cil passed
In 1 9 0 5 ), t o be lea sed , as s u p p o s e d , t o an o p e ra tin g c o m p a n y . V . 8 4 ,p . 1052.
O n A p ril 25 1907 Ju d g e S w an In th e U . S . C ou rt a t D e tro it gra n te d an In
ju n c t io n (w h ich J u ly 24 1907 w as m a d e p erm an en t) restraining th e c ity
fr o m e n fo r cin g an o rd in a n ce seeking t o c o m p e l the c o m p a n y t o g iv e 2 0
s e c o n d s ’ service o n som e o f Its lines. V . 8 4 , p . 1052.
O n J u ly 23 1907 J u d g e S w an gra n te d an I n ju n ctio n re stra in in g th e c it y
fr o m e n a ctin g an o rd in a n ce w h ich p r o v id e d th a t c o m p a n y can use p a tch es
o f line on w h ich fra n ch ises are said t o h a ve e x p ire d o n c o n d itio n o n ly th a t
5 tic k e t s b e s o ld fo r 15 ce n ts o v e r e n tire lines o r streets o n w h ich p a tch es
lie . V . 8 5 , p . 345.
STOCK AN D BO N DS—
D a te.
In terest. O utstanding. • •M a tu r ity ,
S t o c k . $12 ,5 0 0 ,0 0 0 ($ 1 0 0 )..................
Q -F
$12 ,5 0 0 ,0 0 0 A u g .'0 7 , l M %
$25,000,000,(1902
4 H ffJ -J
13,833,000
Jan
11932
g o ld ( $ 1 , 0 0 0 ) .................... c * (G u a r a n ty T ru s t C o ., N . Y . . T ru stee.
l i n t , at K e a n , V a n C o rtla n d t & C o ., N . Y .
N o t e s , $ 1 ,0 0 0 ,0 0 0 ____________ J 1906
5 g M -S
1,000,000 M ch 1 1 9 0 9
\
R e d e e m a b le a fte r 1 y e a r a t p a r.
C oll tru st g o ld n o te s . $ 2 ,0 0 0 ,-j 1907 5 g F -A 1 5
2 ,0 0 0 ,0 0 0 F e b 15 1910
000 ( $ 1 , 0 0 0 ) ..................... c & r /
T ru st C o . o f A m e r ic a , T ru ste e .
D e tr o it U n ited R y . s to c k a n d b o n d s h a v e be e n liste d o n the N ew Y o r k
S t o c k E x ch a n g e ; also D e tr o it C itizen s’ R y . c o n s o l. 5s.
B o n d s .— O f the $ 2 5 ,0 0 0 ,0 0 0 first c o n s o lid a te d m o rtg a g e b o n d s au th o rize d ,
$ 9 , 0 2 0 , 0 0 0 are reserved t o retire u n d e rly in g liens and $2 ,1 4 7 ,0 0 0 are
r e s erv ed fo r acq u irin g new p rop erties a t th e rate o f 7 5 % o f c o s t, and
o n ly a v a ila b le o n a tw o -th ird s v o t e o f th e s to c k h o ld e r s . E n tire Issue, or
a n y p a rt th e r e o f. Is s u b je c t t o ca ll a t a n y tim e a t 105 an d Interest o n 60
d a y s 'n o t l c e . See V . 7 3 , p . 1111. T h e c o ll, tru st n o te s o f 1907 are secu red
b y $ 10 0,00 0 p r e f. a n d $1 ,8 9 9 ,2 0 0 c o m m o n s to c k o f th e D e tro it P o r t H o u m
S h ore L in e , an d $125,000 o f th a t c o m p a n y ’s b o n d s , $10 0,00 0 D e tr o it & L a k e
S t. C lair b o n d s an d $ 1 ,4 0 0 ,0 0 0 c o n s o l. 4 )S s o f th e D e tr o it U n ite d R y . T h e
n o te s are red eem a b le o n a n y ln t . d a te a t p a r a n d ln t. u p o n 30 d a y s ’ n o t ic e .
Detroit Citizens’
D a te.
In terest. O utstanding
M a tu rity .
D e tr o it S u b R y 1st m t g e .l 1893
6 J-J
$14 0,00 0
Jan 1,1911
$25 0 ,0 0 0 ($ 1 ,0 0 0 ), g old -C * J
U n io n T r u s t C o ., T ru ste e , D e tro it.
B on d s — A re gu a ra n teed u n d er term s o f lease.
U nissu ed bo n d s have
b een c a n celed .
Issue, fo rm e r ly 5s, fell d u e J a n . 1 1908 b u t w as e xte n d e d
to J a n . 1 1911 as 6 s.
Detroit Electric
D a te .
Detroit R y.1stm tge,g($l.000)/ 1895
In terest.
5 g J-D
O utstanding.
M a tu r ity
$1,800,000 Dec
11912
on 56.34 m iles_______ c * & r ) l n t . a t C levelan d T r . C o ., T ru ste e , t o 1924
D e tr o it E le ctric c o n M . $ 2 ,- / 1896
5 g J -D
1 ,0 0 0 ,0 0 0 Ju n e 1 1916
8 0 0 ,0 0 0 , g o ld ( $ l , 0 0 0 ) c * & r ] l n t . a t C le ve . T r . C o ., T ru ste e . A s t o D e c
1897 In terest, see V . 65, p . 1219.
B o n d s .— F irst m o r tg a g e b o n d s o f th e D e tr o it R y . n u m b e re d 1 t o 600 m a
tu re In o r d e r o f n u m b e rs at $50 ,000 p er a n n u m , be g in n in g D e c. 1 1912;
n u m b ers 601 a n d a b o v e m a tu re D e c . 1 1924.
D e tro it E le c tr ic co n s o ls fo r
$ 1 ,8 0 0 ,0 0 0 are reserved t o retire th e first m tg e . b o n d s as th e y m a tu re .
Detroit Fort W ayne & Belle Isle.
1st
m tge,
g,
$ 1 , 2 0 0 ,0 0 0 ( 1898
5 g A -O
$1 ,2 0 0 ,0 0 0 A p ril 1 1928
( $ 1 , 0 0 0 ) .......................- -C * r (N e w Y o r k T ru st C o ., T ru ste e .
(S u b je c t t o call at $105 a n d ln t. on 60 d .n o t lc e
In te re s t a t K e a n . V a n C o rtla n d t & C o ., N ew Y o r k .
Detroit & Northwestern R y.
1st m t g e , $ 1 ,0 0 0 ,0 0 0 . g o ld )
1901 4 )* g M -N
$85 5,00 0 M ay 111921
($ 1 0 0 , $ 1 ,0 0 0 ).................... c * /I n t e r e s t at U n io n T r u s t C o ., D e tr o it , T ru s te e
B o n d s .— A re g u a ra n te e d , p rin cip a l an d In terest, b y th e D e tr o it U n ited
R y . b y en d orsera cn a n d are s u b je c t t o ca ll a t 105 a n d Interest o n 60 d a y s ’
n o t ic e a fte r M ay 1
11. See V . 7 3 , p . 494.
1st
mortgage. $500,000,
Detroit & Pontiac R y.
Id)
1807 5 g F-A
$500,000 F e b
l x x x v iil
T h e c o m b in e d s y s te m ca rrie d 1 26 ,668 ,96 8 re v e n u e passen gers In 1 90 8,
a g a in st 1 2 6 ,601 ,94 6 in 1907; 3 6 ,6 2 2 ,4 9 0 tran sfer passengers, a g a in s t,
3 6 ,7 0 4 ,4 3 1 .
DETROIT, MICH.
D ET R O IT U N IT E D R A I L W A Y .— (See M a p page 4 1 .) — T ro lle y .
1st consol mtge,
[V o l .
ELECTRIC RAILWAYS
42
11922
( $ 1 , 0 0 0 ) _________________ c * )W a s h ln g to n T ru st C o ., N . Y . .T ru ste e .
J In te re st a t P e o p le ’s S ta te B a n k , D e tr o it .
1st c o n m tg e . g ($ 1 ,0 0 0 ),!
1901 4 )4 g J -D
600 ,000 Ju n e 1 1926
$ 1 ,1 0 0 ,0 0 0 .................... c * & r j l n t . a t W a sh in g to n T r u s t C o ., N . Y . , T ru ste e
B o n d s .— $500,000 c o n s o lid a te d m t g " . ' H % b o n d s are reserved t o retire
ik e a m o u n t o f 1st m tg e . b o n d s .
B o n d s are s u b je c t t o ca ll a t 105 an d ln tcrst o n 60 d a y s ’ n o t ic e a fte r Ju n e 1 1911. P rin cip a l a n d Interest o f b o th
Issues gu a ra n teed b y D e tr o it U n ite d b y e n d o rs e m e n t.
W yandotte & Detroit River R y .
1st
con sol
M,
$425,0001
1898 5 g J -D
$425,000 D e c 1 1 9 1 8
($ 1 ,0 0 0 ), g o l d __________ c*J In terest a t U n io n T rustJC o., D e tr o it , T ru ste e .
T h e D e t r o it J a ck s o n & C h icago is In clu ded In th e w h o le o f 1908; In th e
la s t e le v e n m o n th s o f 1907 a n d n o t a t all In 1906. In 1908 $ 3 0 0 ,0 0 0 o f
a b o v e su rp lu s w as c h a rg e d o ff fo r d e p r e c ia tio n an d $50,000 fo r c o n tin g e n t
lia b ilitie s ; in 1907 $ 2 7 6 ,0 0 0 w as ch a rg e d o ff fo r d e p re cia tio n a n d in 1906
$ 2 5 0 ,0 0 0 .
D I V I D E N D S .— F irst d iv id e n d o f 1 % o n D e tr o it U n ite d s to c k w as p a id
M arch 1 1901 a n d 1 % q u a rte r ly th e re a fte r until A u g . 1 1905, w h en ra te
w as raised t o 1 V\ % q u a rte r ly . O n N o v . 1 1905 1 \i % .
In 1906 5 % . I n
1907, F e b . , 1 ) 4 % ; M a y , 1 ) 4 % ; A u g . , 1 ) 4 % .
N o v . d iv id e n d p a s s e d .
NOR O A D ? — O n J a n . 1 1909 o p e r a te d 7 42 .713 m iles o f tr a c k , as fo llo w s ;
D e t r o it U n ite d , in c lu d in g W y a n d o tt e & D e tr o it R iv e r R y ., D e tr o it &
N o rth w e s te r n , D e tr o it & P o n tia c , D e tr o it & F lin t, 399 .22 m iles; D e tr o it &
P o r t H u r o n S h o re L in e , 127.64 m iles; S a n d w ich W in d s o r & A m h erstb u rg
R y 3 5 .8 1 m iles; D e tr o it M o n ro e & T o le d o S h o r t L in e , 74.92 m iles; D e tr o it
J a c k s o n & C h ica g o R y ., 105.12 m ile s.
R alls, 77, 85 an d 9 8 -lb . ste el. D o e s
a n e x p r e s s s e r v ic e . H as 908 c lo s e d passenger cars, 327 o p e n passenger cars,
231 fr e ig h t a n d c o n s tr u c tio n cars, 19 lin e cars, 44 express cars, 9 m iscel
la n e o u s ca rs, 2 lo c o m o t iv e s , 2,6 3 4 m o to rs a n d 2,0 0 5 tru ck s. T h e re are 11
p o w e r-h o u se s w ith a c o m b in e d c a p a c it y o f 4 0,500 h . p ., 2 sto ra ge b a tte r ie s
w ith a c o m b in e d c a p a c it y o f 4 ,5 0 0 am peres an d 18 su b -s ta tio n s w ith a
c o m b in e d c a p a c it y o f 12,850 k . w .
P e te r s . D e tr o it .
G en eral o ffic e s , 12 W o o d w a r d A v e ., D e tr o it .— V . 8 3 ,
p 271 117 0; V . 84. p . 5 1 , 270 , 3 3 8 , 387 , 450, 1052, 1307, 1366; V . 8 5 , p .
345 , 1005; V . 8 6 , p . 337 , 4 1 7 , 794: V . 8 8 , p . 158, 374 . 448.
(1)
Detroit & Port Huron Shore Lino R y .— A tr o lle y road.
E n tire o u ts ta n d in g c a p ita l s to c k Is n o w o w n e d b y th e D e tr o it U n ited R y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ay 1900.
Is a c o n s o lid a tio n o f
th e R a p id R a ilw a y C o ., th e D e tr o it M t. C lem ens & M arine C ity R y . (th e
p u rch aser o f th e pro p e rtie s o f th e M t. C lem ens & L a k e sid e T r a c tio n C o. a n d
th e D e tr o it & R iv e r S t. C lair R y . ) , th e P o r t H u ron S t. Clair & M arine C ity
R y . , th e C on nors Creek & C lin ton R iv e r P la n k R o a d C o. an d th e C ity
E le c tr ic R y . o f P o r t H u r o n . T h e new c o m p a n y ow n s th e c a p ita l s to c k o f
e a ch r o a d . T h e c o n s o lid a te d c o m p a n y o p era tes all th e tra ck s In M t. C lem
ens a n d P o r t H u ro n , a n d th e th ro u g h r o u te fro m D e tr o it t o P o r t H u ron
ru n n in g th ro u gh M t. C lem en s, N ew B a ltim o re , A lg o n a c M arine C ity a n d
S t. C lair. A ls o ow ns th e ca p ita l s to c k o f th e D e tr o it & L a k e S t. Clair R E
STO C K AN D BON DS—
D a te.
In te re s t. O utstanding.
M a tu r ity .
S t o c k . $ 2 ,500,000 ($ 1 0 0 ).................................... - - - T -.V V ? 5 R S
1 st m t g e , $ 2 ,500,000 ($1,000)1 1900
5 g J-J
1 ,5 9 2 ,0 0 0 Jan 1 1 9 5 0
c a n n o t be c a lle d , g o ld c*& r| tJnIon T r u s t C o ., D e tr o it , T ru ste e .
j ln t . a t A m e r ic a n E x c h . N a t. B a n k , N . Y .
B o n d s.— O f th e n ew 1st m o r tg a g e . $78 3,00 0 Is set aside t o retire u n d e r
ly in g liens (n a m e ly th e b o n d s o f th e R a p id R a ilw a y and o f th e C ity E le c tr ic
R y a n d th e P o r t H u ro n S t. Clair & M arin e C ity R y . ) ; a n d $12 5,00 0 is
rese rv e d fo r ex te n sio n s a n d a cq u ire m e n ts .
R a p id R a ilw a y .
,
BO N DS—
D a te.
in terest.
O utstanding.
M a tu r ity .
1st
m o r tg a g e . $ 3 0 0,00 0,1 1895
5
M -S
$ 30 0,00 0 M ay 1 1915
($1 0 0 0 ) ................................c * l ln t . a t F in a n ce C o. o f P e n n a ., P h lla ., T ru s tee
1st
C o n so lid a te d m o r tg a g e ,] 1896
5 g M -N
$30 0,00 0 M ay 1 1916
$600,000 ( g o l d ) ________ c * / l n t . a t F in a n ce C o. o f P e n n a ., P h lla ., I n is t e e
O f the c o n s o l, m o r tg a g e bo n d s o f 1896, $ 30 0,00 0 are re se rve d t o ta k e u p
th e o u ts ta n d in g flrst m o r tg a g e b o n d s.
C ity Electric R ailw ay (of Port Huron).
BO NDS—
D a te.
In terest.
O utstanding.
M a tu r ity .
1st
m o r tg a g e . $ 2 0 0 ,0 0 0 ,( 1893
6 g M -S
$18 0,00 0 M ar. 1 1913
g o ld , $ 1 ,0 0 0 ________________ ( S u b je c t t o call a t 105 a n d ln t. a fte r M ar. 1 03
l i n t , a t H a n o v e r N a tio n a l B a n k , N . Y . C ity .
B o n d s.— T h e m o r tg a g e trustee Is th e U n io n T r u s t C o m p a n y o f D e tr o it.
Detroit & Lake St. Clair R y . Co.
BON DS—
D a te.
in terest.
O utstand ing.
M a tu r ity .
1st(Si
m o000)
r tg a g e..............................c
, $40 0,00 0 g o ld
- °n T ru st rC^o .,’^ D
t reotr
Fotit,
^ T rt ruuss^t leee
* j! In'1900
te re st aBig
t UA
n io
B o n d s.— T h e b o n d s are g u a ra n te e d , p rin cip a l and in te re st, b y th e D e tr o it
& P o r t H u ro n S h ore L in e R y . , th e R a p id R a ilw a y C o. an d th e D e tr o it M t.
C lem ens & M arine C ity R y . T h e y are n o t s u b je c t t o ca ll.
Port Huron St. Clair & Marine C ity R ailw ay.
R O N D S __
D a te.
In terest.
O utstanding.
M a tu r ity .
1st m o rtg a g e
g
$300 0001 1900
5
M -S
$3,000 M ar. 1 1920
($500 a n d V l .0 0 0 ) ____ .’ . . . / U n i o n T r u s t C o ., D e tr o it. T ru ste e .
T h e rem a in in g $ 29 7,00 0 b o n d s h a v e been ca n c e le d .
R O A D .— T o ta l D e t. & P o r t H u ron S y s te m , 127 .64 m iles.
E A R N I N G S .— N o w In clu d e d In r e p o rt o f D e tr o it U n ite d K y .
O F F I C E R S .— P r e s ., J . C. H u tch in s ; V . - P . . F . W . B ro o k s, S e c ., A . E .
Peters,i T r e a s ., G e o . H . R u s s e l.— V . 7 7 , p . 134; V . 8 4 , p . 338.
(2) S an dw ich W in d s o r & A m h e r s tb c r g R y . T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d u n d er sp e cia l ch a rte r fro m P r o v ln c o
o f O n ta rio .
O w ns e n tire ca p ita l s to ck a n d $17 2,00 0 o f $18 9,00 0 b on d s o u t
sta n d in g o f th e W in d s o r & T e cu m se h E le c tr ic R y .
L n tlr e ca p ita l s to c k
13S T O C K A N O B O N D S — D a te.
S t o c k .:5350 000 ($100)o
....
In terest.
o ^ j u l ^ l LD02-
V
° g o ld ^ f o b o 60-0 - - c * J N ation a l T ru st C o ., L t d ., T o r o n t o , T ru stee.
IS n d J .— in te re s t Is p a y a b le a t th e c o m p a n y ’ s o ffic e . A re s u b je c t t o ca ll
^ E A R N I N G S ? — Novv In clu ded In re p o rt o f D e tr o it U n ited R y .
r g a n — G nerates 35 81 m iles o f tra ck in an d betw e e n W in d s o r , W a lk e r v m e ? S a n d ^ ? c Ph’ an d A m h c m tb u r g . In clu d in g C ity R y . o f W in d s o r (2.5 2
^ n m ^ P R S - Presf ' I f f A . E v e r e t t , C levela n d : V .- P . an d T r c a s ., J . C.
H u tch in s D e tr o itV S e c .. A . E . P e te rs. D e t r o l t . - V . 7 5 , p . 1303, 1400.
1 (^ n « i r o t M on r o c & T o le d o Short Line R y .—
Tn E?h ’06 en tfre Stock w as a cq u ire d b y D e t. U nit. R y . V . 8 2 , p . 392.
n / f . A N I M A T I O N — In c o r p o r a te d In M ich igan o n D e ce m b e r 11 1902.
STOCKS AN D B O N D S D a te .
In terest. O utstanding.
M a tu r ity .
181° ^m o r tg a g e ° ° ° $ 3 robb’ .bbb'. 1 1903
5"g" J - j " ‘
2^484 j ) 00 J a n V V i 0 3 3
Detroit & Flint R ailw ay.
w n i r t i x i nob)
___ c*J
U n ion I r u s t C o .. D e tro it, T ru stee.
T h e D e tr o it & F lin t R y . w as org a n iz e d t o a cq u ire th e D e tr o it R o c h e s te r
B on d s .— In te re s t "is "p a y a b le In N ew Y o r k . N o sin k in g fu n d a n d b o n d s
R o m e o & L a k e O rio n , to g e th e r w ith th e N o rth D e tr o it E le c tr ic R y . an d the
D e tr o it U tic a & R o m e o R y . T h e c o n s o lid a te d m tg e . Is a first Ucn o n these a r w n Aln S— o n e ra te sC50 m iles o f ro a d fro m T o le d o to D e tr o it an d 4 m iles o f
last tw o p rop erties .
D a te .
In terest.
O utstanding.
M a tu r ity . rnnrtfVnm M on roe t o L a k e E ric: c o m p le te d N o v . 5 1904. A t T o le d o c o n
1900
5 g J -D
$ 1 ,1 0 0 ,0 0 0 Ju n e 1 1920 n e x i o n 1^ m a d e w ith th e L a k e S h ore E le c tr ic R y . fo r C levela n d . I s o f
D R R & L O R y 1st m tg e .
steam ro a d c o n s t r u c tio n , o n p r iv a t e rig h t o f w a y ; sta n d a rd ga u g e , la id w ith
sin k in g fu n d , g o ld ($ 1 ,0 0 0 ), In terest a t A m e r ic a n T r u s t & S av in gs B a n k ,
C h ica g o , T ru ste e ; also G u a ra n ty T ru st
$ 1 ,5 0 0 ,0 0 0 ; unissu ed b o n d s
7 0 O e' fT c f r S — Pres trj ? ^ 3 .7H u tch In s, V . - P . , F . W . B ro o k s; S e c ., A . E .
C o ., N e w Y o r k .
h a v e been c a n c e le d ---------c *
P e ? c n : T reas . G e o H . R u s s e l . - V . 7 8 . p . 1961; V . 7 9 , p. 2455; V . 8 2 , p . 3 9 2 .
1901
5 g F -A
$ 1 ,4 0 0 ,0 0 0 A u g 1 1 9 2 1
D e tr o it & F lin t 1st c o n s o l M .
l
n
t
.
a
t
T
r
.
C
o
.
o
f
A
m
e
r
ic
a
,
N
.
Y
.
,
T
r
u
s
te
e
.
(4) D etroit J a c k s o n & C h ic a g o R y .
g . $ 3 ,0 0 0 ,0 0 0 ($ 1 .0 0 0 ) - - c *
O R G A N I Z A T I O N .— A h o ld in g c o m p a n y o rga n ize d In M ich iga n In 1907
B o n d s .— O t the" c o n s o lid a te d m t g e ., $1,10 0 ,0 0 0 are reserved t o retire
b o n d s o f like a m o u n t o f th e D . R . R . & L a k e O . R y . a n d $500,000 h a ve been J D e tr o it U n ite d Interests t o ta k e o v e r th e D e tro it Y p slla n tI A n n A r b o r &
c a n c e le d . C on solid a te d b o n d s are s u b je c t t o ca ll a t 100 an d Interest a fte r JackiK)n ° R y
th e J a c k s o n A n n A r b o r & D e tr o it R y . and th e D e tr o it P ly Aug
11911 on CO d a y s ’ n o t ic e .
B o th Issues are g u aran teed b y the D e tro it X o n t h A N o r th v liie R v . . p a y in g th e re fo r $ 1 ,2 3 0 ,0 0 0 .
STOCK AN D B O N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
U n ite d R y .: see fo rm o f g u a ra n ty In V .
76, p . 1300; as "a d d it io n a l collateral
s e c u r it y ’ ’ on th e F lin t b o n d s 1st c o n s o l. 4 )4 % b o n d s o f th e D e tr o it U n ited
are d e p o s it e d , $ fo r $, w ith th e G u a ra n ty T ru st C o. o f N ew Y o r k , and w o u ld 1st eo n s M "<$4*000 JoOO ($ I io o b j 11007
Vg FA
ljlo io O O F e 'b T i 9 3 7
i s t c o n s M , $ 4 ,ouu,uuu i? . c ^ In t at SecUrlty T r u s t C o ., D e tr o it, T ru stee.
b e a v a ila b le In th e e v e n t o f d e fa u lt o n th e D e tr o it & F lin t bo n d s.
R E P O R T .— A n nual r e p o rt o f th e D e tr o it U n ite d R y . fo r the y ear e n d in g
R O N D S --— B o n d s ‘ are s u b je c t t o call o n a n y Interest d a y at 105 a n d In
D e c . 3 1 1 9 0 8 w as p u b l i s h e d In V 8 8 . p 4 4 8 .
terest G u a ra n te e d . p .& L , b y th e D e tro it U n ited R y s .; $3,405,000 w ere t o
be used t o d X fo r s to c k a n d t o retire b o n d e d and o th e r d e b ts o f th e D e t .
D e tro it U nited R y .. R a p id R a ilw a y S y s te m , S an d w ich W in d s o r & A m
h e r s tb u r g R y . a n d D e tro it M o n ro e & T o le d o Short L ine R y . C o m b m e d U
Y ds A n n A r b o r & J a c k . R y . . an d th e rest fo r Im p ro v e m e n ts .
Y O f f i c e r s .— P r e s ., F . W . B ro o k s ; S e c ., A . E . P eters; T r e a s ., A . F.
G ross earnlnvs
________________ *--$ 7 ,1 1 4 ,7 6 0
$ 7 ,0 7 3 ,2 4 6 $6,06 3 ,1 8 2
E d w a r d s .— V . 8 5 , p . 345.
O p era tin g e x p en ses. In clu d in g t a x e s - - 4 ,5 5 9 ,1 2 3
4 ,4 6 5 ,0 4 4
3 ,7 18,621
(a) D etroit Y p silan ti Ann A rb o r & Ja ck so n R y .
O R G A N I Z A T I O N .— O rg a n iz e d In M ichigan In 1901; a b s o r b e d b y p u r
N et earnings fro m o p e r a t io n -------------$2,344,561
ch a se th e D e tr o it Y p slla n tI & A n n A r b o r R y . an d th e Y p slla n tI & SaUne
I n c o m e fro m o th e r s o u r c e s ------------------6 4,957
60,505
58,757
I n c o m e fro m all s o u r c e s _____________ $ 2 ,6 2 0 ,5 9 4
$ 2 ,6 6 8 ,7 0 7
$2,403,318
I n te r e s t o n fu n d e d a n d flo a tin g d e b t - .$ l,6 1 8 ,6 6 6
D iv id e n d s ....................................... ................... - ................
$1 ,5 5 4 ,2 4 9
3 43 ,750
$1,243,273
625 ,000
$ 1 ,6 1 8 ,6 6 6
S u rplu s in c o m e _____________________ *$ 1 ,0 0 1 ,9 2 8
$ 1 ,8 9 7 ,9 9 9
* $77 0,70 8
$ 1 ,858,273
*$53 5,04 5
f s t ° c o n s o l .' ( m : ? ° $2 .6 0 0 ,6 5 6 ] 1901
5*g f' a "
X jilO J lO O F ' e b . 'V m S
$500 ($1 0 0 0 ), g o l d ___ c*J l n t . at D e tr o it T r u s t C o .. D e tr o it, T r u s te e .
D e t Y p * A n n A r . 1st M .) 1897
6 g M -N
6 0 0 . 0 0 0 N o v . l l9 1 7
($ 6 0 0 ,0 0 0 ),
g.
($500 o r ) In te re st at U n io n T ru st C o ., D e tr o it , T ru s tee
$1‘,000 e a c h ) ............................ )
43
ELECTRIC RAILWAYS
Feb .., 1909. J
D a te .
In terest. O utstanding. M a tu r ltv .
STOCK A N D BO N D S.
D e t. Y p . & A n n A r . C ons
1899
6 g F -A
330,000 Feb. 1 1924
1st M ., $ 1 ,0 0 0 ,0 0 0 , g old
($500
&
$1,000
e a c h ). Interest at Union Trust Co , D etroit. Trustee
s. f ., a n n u a l l y - - - - - - - - - - - —
„ , ,
6
J -J
6 0,000
J u ly 1 1 9 1 9
Y p . & Saline 1st M ...............................
O f th e new 1st m ortg a g e o f $ 2 ,6 0 0 ,0 0 0 , $99 0 ,0 0 0 are reserved fo r u n d e r
ly in g liens.
F irst co n s o ls c a n n o t b e c a lle d .
See V . 7 5 , p . 666,
R O A D .— C om p leted an d In o p e r a tio n fro m D e tr o it (th ro u g h W a y n e
an d Y p s lla n tl) t o A n n A r b o r an d t o J a c k s o n ; m a k in g m ileage 100 m ile s, o f
w h ich 40 m iles o v e r p r iv a te rig h t o f w a y .
T o ta l tr a c k , 104.80 m iles.
R a lls 70 a n d 7 5 -lb . T an d g ird e r.
D o e s a fre ig h t bu sin ess.— V . 7 9 , p . 269;
V . 8 1 , p . 1723; V . 8 4 , p . 5 1 , 450.
DOYLESTOWN, PA.
P H I L A D E L P H I A & E A S T O N E L E C T R I C R Y . C O . — A t r o lle y r o a d .
O R G A N I Z A T I O N .— O rga n ize d In 1007 as su cce sso r t o th e P h ila d e lp h ia
& E a s to n R y . (fo r m e r ly th e D o y le s to w n
E a s to n Street R y . ) . so ld a t
tru stee’ s sale M ay 31 1907.
STOCK A N D B O N D S—
D a te .
In terest. O utstanding.
M a tu rltv .
C o m m o n $ 26 5,00 0 ($50)
........................................
$ 2 5 8 , 8 0 0 ------------------P r e f $36 5 ,0 0 0 5 % n on -cu m ..............
...............
35 4 ,8 0 0 -------------- -1st m tg e $ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 1 1907
4-5 g M -S
91 1 ,0 0 0 S e p t 1 1927
$500 an d $100) g o ld -------c * | In te r e s t at G irard T ru st C o ., P h lla ., T ru ste e .
S T O C K .— P referred shares h a v e n o v o t in g p o w e r .
V otin g T ru stees.— W illia m P e a rs o n , H a rrisb u rg ; J o h n B . M yers, L a n
caster; L . B . H illard , W ilk es-B a rre; F ran klin M atth ew s, P h ilad elp h ia;
G o d fr e y S h m ld h elser, P h ila d e lp h ia .
, ,
B on d s.— T h e new $ 1 ,0 0 0 ,0 0 0 b o n d s are n o t s u b je c t to call an d n o sin kin g
fu n d .
In terest Is 4 % to S e p t. 1 1911 an d 5 % th e re a fte r; $ 1 6 5 ,0 0 0 re ce iv e
n o Interest until 1910.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 0 «, gross. $ 9 9 ,3 3 8 .
R O A D .— O perates 33 m iles o f ro a d b e tw e e n D o y le s to w n an d E a sto n ,
c o m p le te d In su m m er o f 1904. O p e ra te s 8 cars.
O F F I C E R S .— P res., D a v id P . A y a r s , W ilk es-B a rre; V . - P . , A . H . SIckler,
P h lla .; T rea s. & G en. M g r., J . C. L u g a r, D o y le s to w n ; S e c ., W . S. C h am bers,
D o y le s t o w n .— V . 8 5 , p . 470.
DU BOIS, PA.
D U B O I S E L E C T R I C & T R A C T I O N C O .— A tr o lle y r o a d a n d e le c tr ic
lig h tin g p la n t
O R G A N I Z A T I O N .— I n c o r p o r a te d In N e w J ersey o n N o v . 15 1901 as
th e A m erica n T o w n L ig h t C o . an d n a m e c h a n g e d la te r as a b o v e .
Is a
con s o lid a tio n o f th e D u B ols E lectric C o a n d th e D u B ols T r a c t io n C o . V .
7 6 , p . 972 .
C on trols U n ite d T r a c tio n S tr e e t R y . (w h ich Is a co n so lid a tio n
In 1908 o f th e U n ite d T r a c . S t. R y . a n d U n ite d T r a c . E x te n sio n S t. 11R.)
w it h $ 2 0 0 ,0 0 0 o f 5 % b o n d s a n d $ 20 0,00 0 s t o c k , w h ich o p e ra te s a line 14
m iles fro m D u B o ls t o S y k cs v llle a n d B ig R u n .
F ran ch ises fo r b o t h s treet
r a ilw a y a n d ele ctr ic lig h tin g are p e rp e tu a l a n d e x clu siv e .
STOCK A N D BO N D S—
D a te. In terest. O utstand ing.
M a tu r ltv .
S to c k , $ 3 0 0,00 0 ($ 1 0 0 )........................................................ $ 30 0,00 0
......................
C oll.
tr.
m tg e ,
$300,0001 1902
5 g M -N
26 7 ,0 0 0 M ay 1 1932
($ 5 0 0 ), g o ld ...................... c * j I n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T ru st.
U n d e rly in g l ie n s .....................................................................
2 9 ,0 0 0
--------------B o n d s .— N o s. f ., b u t s u b je c t t o ca ll a t a n y tim e a t 105 an d ln t.; su fficie n t
new b o n d s are reserv ed t o re tire $2 9 ,0 0 0 p rior liens. V . 8 1 , p . 1550.
E A R N I N G S .— F or y e a r en d in g N o v . 1 1908, g ro ss, $68 ,5 8 4 ; n e t, $34 ,902 ;
fix ed ch a rges, $ 1 7 ,0 0 0 ; su rp lu s, $ 1 7 ,9 0 2 .
R O A D .— O p erates 19 m iles (In clu d in g U n it e d T r a c . S t. R y .) In D u B o ls ,
an d e x te n s io n s to Fall C ree k , S y k e sv llle a n d to B ig R u n , w h ere co n n e c tio n
Is m a d e w ith track s o f th e Je ffe rso n T r a c t io n C o ., c o n tr o lle d b y the sam e
In terests. S ta n d a r d g au g e; 60 a n d 7 0 -lb . g ird e r an d T rail.
O F F I C E R S .— P re s ., A u s tin B lakeslee: V .- P ., J . E . M orris; S e c ., J . H .
Crlssm an; T r e a s ., B . B . M cC re lg h t, all o f D u B o ls .— V . 8 1 , p . 1550, 1791.
EAST LIVERPOOL, OHIO.
E A S T L IV E R P O O L TR A C TIO N & L IG H T —
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io o n S e p t. 30 1905 an d Is a c o n
so lid a tio n o f th e U n ite d P o w e r C o ., th e E ast L iv e r p o o l R y .. th e C eram lo
C ity L ig h t C o ., th e W ellsvllle E le ctric L ig h t C o ., th e G lasgow R R .. th e
E a stern O h io R R , , th e Island R u n C oal C o ., th e E a st L iv e r p o o l & R o c k
Springs S tre e t R y ., th e E ast L iv e r p o o l B rid ge C o ., th e Chester L ig h t &
P o w e r C o . an d th e P e o p le 's L ig h t & P o w e r C o . See V . 81. p. 1791.
STOCK A N D BO N DS —
D a te .
In terest. O utstanding.
M a tu rity.
C o m m o n , $ 2 ,5 0 0 0 0 0 ( $ 1 0 0 ) .............................................$ 2 ,5 0 0 ,0 0 0 ................ .........
P r e f., 5 % n .c .. $ 50 0,00 0 ( $ 1 0 0 ) .....................................
5 00 ,000 .......................
1st m o r t , $ 3 ,0 0 0 ,0 0 0 , g o ld ] 1905
5 g M -N
2 ,4 0 0 ,0 0 0 N o v 1 1925
( $ 1 , 0 0 0 ) ............................. . . c / l n t . a t U n io n T r u s t C o .. P I t t s b ., T ru ste e .
B o n d s.— O f th e $ 3 ,0 0 0 ,0 0 0 a u th o r iz e d , $60 0 ,0 0 0 are reserved fo r e x te n
s io n s, Im p r o v e m e n ts an d a cq u is itio n s . A r e s u b je c t t o ca ll o n a n y Interest
d a te at 105.
E A R N I N G S .— F o r 7 m o n th s e n d in g M ay 31 190 6, g ro ss, $ 1 7 0 ,4 2 8 ; n e t,
$ 7 3 ,7 4 9 ; fix e d c h a rg e s , $57 ,8 3 9 ; su rplu s, $ 1 5 ,9 1 0 .
R O A D .— C om prises 15 m iles o f tr a c k b e tw e e n E a st L iv e r p o o l a n d W e lls
v llle . S ta n d a rd g a u g e , 7 3 -lb . g ird e r a n d T ra il. A n e x te n s io n o f a b o u t
8 /4 m iles o f d o u b le track w as co m p le te d to T o r o n t o F eb . 190 8. w h e re c o n
n e c tio n Is m a d e w ith th e S te u b e n v ille & E a st L iv e r p o o l R y . & L t . C o.
O F F I C E R S .— P r e s ., V a n H o rn E ly , o f B u ffa lo ; V . - P . r C. A . S m ith . E a st
L iv e r p o o l; S e c . a n d T r e a s ., E d w a r d M c D o n n e ll, E a st L iv e r p o o l.— V . 8 1 ,
p . 1791; V . 8 2 , p . 804 .
S T E U B E N V I L L E & E A S T L IV E R P O O L R A I L W A Y & L IG H T CO
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io A p ril 1906 as su cce sso r to
th e S te u b e n ville T r a c tio n & L ig h t C o ., w h ich In Jan . 1901 had tak en o v e r
th e S te u b e n v ille G as & E le c tr ic C o . an d th e S te u b e n v ille T r a c tio n C o.
O w ns th e P le a sa n t H e ig h ts lin e.
L ig h t fra n ch ises p e rp e tu a l; street rail
w a y fra n ch ises e x p ir e 1925 t o 192 8. B o n d s listed o n th e P h ila d e lp h ia
S to c k E x ch a n g e .
STOCK A N D BO N D S—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 3 ,0 0 0 ,0 0 0 .............................................................
$ 3 ,0 0 0 ,0 0 0 _ _ ..................
F irst m o r tg a g e , $ 3 ,0 0 0 ,0 0 0 / 1907
5 J -J
1 ,8 6 0 ,0 0 0
1912
($ 1 ,0 0 0 ), g o l d .......................e \ In t. a t C o m m e rcia l T ru st C o ., P h il., T ru stee.
S te u b e n T r a c t & L t 1st m t g e , ) ____
5 g M -N
7 90 ,000 M ay 1 1 9 2 6
$1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ), g . . c * \ I n t a t M e tro p o lita n T ru st C o ., N . Y . , T ru s.
B o n d s.— O f th e new $ 3 ,0 0 0 ,0 0 0 b o n d s , $79 0,00 0 are reserved t o retire
p rio r Hens a n d $35 0 ,0 0 0 are In th e tre a su ry o f th e c o m p a n y . C a n n o t be
ca lle d .
R O A D .— 19 m iles o f tr a c k In S te u b e n v ille an d b e tw e e n S te u b e n v ille and
T o r o n t o ; laid w ith 6 0 -lb . rails; 13 clo s e d a n d 16 o p e n ca rs. A ls o e le c t r ic ligh t an d gas plan ts, an d pleasure p a rk o f 85 acres.
Is b u ildin g a 40-m lle
exten sion fro m T o r o n t o n o r th v ia W e llsv llle a n d E a st L iv e r p o o l t o V a n
P o r t , Pa
O F F I C E R S .— P r e s ., V a n H o rn E ly ; S e c . a n d T r e a s ., E d . M c D o n n e ll.
EASTON, PA.
EA STO N C O N SO LID A T ED E L E C T R IC .—
O n M ay 1 1904 lease t o L eh igh V a lle y T r a c t io n w as c a n ce le d b y rentals
bein g In d e fa u lt. See V . 78, p . 1 44 6, 1781.
In Ju n e 1904 a fu rth e r Install
m e n t o f $5 p e r share w as ca lle d o n s t o c k .
V . 7 8 , p . 2 01 1, 244 2. D iv id e n d
p a y m e n ts h a v e b een : J u ly 190 0, 3 / 4 % o n $10 p a id In; S e p t. 1901 and
M arch a n d S e p t. 1902, 3 % o n $15 p a id In; M arch 1903 (p a id In J u ly ) and
S e p t. 1903, 4 % o n $15 paid In.
In D e c . 1905 d eclared a d iv id e n d o f $2 5 0 , a n d a t sam e tim e ca lle d an
assessm ent o f $5 p e r share o n th e s to c k ; th e d iv id e n d w as c r e d ite d on th e
assessm ent, m a k in g th e s to c k 5 0 % p a id In. V . 8 1 , p . 1791. Cash d iv i
d e n d s resu m ed In O c t . 1906 b y th e p a y m e n t o f 2 / 4 % .
V . 8 3 , p . 687.
2 /4 "/o again p a id A p ril 1 1907 a n d 2 / 4 % O c t . 1 1907; n o n e since
O R G A N I Z A T I O N .— C o n s o lid a tio n o f the E a sto n 'Ira n slt C o ., th e E d ison
Illu m in a tin g C o . o f E a s to n , th e E a s to n P a lm e r & B eth leh em S tre e t R y . C o .,
th e E a s to n & B eth leh em T ra n sit C o . and th e N o r th a m p to n C en tral Street
R y . C o.
I n c o r p o r a te d In N ew Je rse y M arch 11 1899.
O w n s en tire ($ 1 50,000) s to c k o f th e E a sto n & S o u th B eth leh em T ra n sit
C o ., o rg a n iz e d o n Jun e 19 1906 to b u ild a line from E a s to n to S o u th B e th le
DUBUQUE, IOWA.
h e m , a b o u t 12 m iles. A ls o leases th a t c o m p a n y and gu aran tees Its b o n d s,
p rin cip a l an d In terest, b y e n d o rs e m e n t. V . 8 3 , p . 323. O w n s all th e
U N IO N E L E C T R I C C O . IN IO W A .— T r o lle y .
O R G A N I Z A T I O N .— In co rp o ra te d In Io w a In 1900 as a co n s o lid a tio n o f s to c k o f th e P e n n . M o to r C o .
C on solid ation o f S u bsid ia ries.— O n J a n . 3 1908 th e (o ld ) E a sto n T ra n sit
th e H o m e E le c tr ic C o ., th e D u b u q u e Street R y . an d th e S ta r E le ctric C o . ,
C o ., th e E a sto n & B eth leh em T ra n sit C o ., th e E a s to n P a lm er & B eth leh em
w h ich c o n s titu te the entire ele ctric ligh t an d street railw ay p r o p e rtie s o f th e
S treet R y . and th e N o rth a m p to n C en tral Street R y . w ere r e reed Into th e
c it y o f D u b u q u e , I o w a .
In A p ril 1901 M essrs. L ln eh a n & M olo sold th e ir
(n ew ) E a s to n T r a n sit C o. (V . 8 5 , p . 146 1), a n d In 1909 th e E a sto n & S ou th
h alf Interest In th e c o m p a n y t o th e o th e r sto c k h o ld e r s, th e G eneral E le c tr ic
B e th le h e m T ra n s. C o. w as also m e rg e d Into th e (new) E a sto n T ra n sit C o.
C o . a m o n g th e m , w h ich Jun e 1 1904 ow n ed $24 0,00 0 o f th e c o m m o n an d
$ 24 0,00 0 o f th e p referred .
In Ju n e 1907 a u th o riz e d s to c k w as Increased S t o c k , $ 2 ,1 5 0 ,0 0 0 ; a ll o w n e d b y E a sto n C o n so lid a te d E lec.
S T O C K A N D B O N D S .— B o th th e s to c k an d th e co lla te ra l tru st 5s w ero
fro m $ 1 ,0 0 0 ,0 0 0 t $ 1 ,5 0 0 ,0 0 0 . F ra n ch ises m atu re 1927.
STOC K A N D B O N D S —
D a te.
Interest. O utstanding.
M a tu r ity . In J a n . 1900 listed o n th e P h ila d e lp h ia S to c k E x ch a n g e .
D a te .
In terest. < O utstanding.
M a tu r ity .
C o m m o n , $ 7 5 0 ,0 0 0 ( $ 1 0 0 ) ........................... - ................
$ 65 5,00 0
S to c k $ 1 ,5 0 0 ,0 0 0 (p a r $ 5 0 )............................................... 50 % p d . In O ct ’ 0 7 , 2 /4
P r e f., $75 0,00 0 <S 100) 6 % cum . . .
6%
72 7 ,0 0 0 Jan ’0 9 , /4
C ollateral tru st $ 1 ,3 0 0 ,0 0 0 g j 1899
5 g M -N
1 ,2 4 0 ,0 0 0 M ay 1 1949
1st m tg e ., $ 98 0,00 0, g o l d ,/ 1904
5 g M -N
6 50 .000 M a y 1 1924
($ 1 ,0 0 0 an d $ 5 0 0 ).............c * l In te re st a t G irard T ru s t C o .. P h lla ., T ru stee.
($1,000) ..............................c * ) l n t . at III. T r . & S a v . B k ., C h ica g o , T ru s te e .
6 A -O
6 0 ,000 A p ril 1 1941
R e m a in in g $33 0,00 0 b on d s reserved fo r 8 0 % o f co s t o f e x te n s io n s a n d P e n n s y lv a n ia M o to r C o 1st M f 1881
(ca n n o t be c a lle d )..................(L a c k . T r . & S afe D e p . C o ., S c r a n to n , T r u s t.
Im p rov em en ts; b u t o n ly In e v e n t o f Increase o f s t o c k , and th e n t o o n ly tw o 5 J -J
2 00 ,000 D e c .31 1918
th ird s o f such Increase, bu t In n o case t o be m ade earlier th a n t w o y e a r s E as Pal & B eth E lec 1st g o ld ) 1898
$ 2 0 0 ,0 0 0 , c a n n o t b e c a l le d l l n t . a t U . S . M tg e . & T ru s t C o ., N . Y . , T ru st.
from d a te o f bon d s.
B on ds s u b je c t t o call a fte r fiv e yea rs a t 105 a n d ln t
E as & S o B e th 1st M $ 5 0 0 ,0 0 0 / 1906
5 g J-J
4 70 ,000 J u ly 1 1 9 3 6
S in kin g fu n d o f $15 ,000 p .a begin s A p r . 30 1908.
gu aran teed g o ld ($ 1 ,0 0 0 )c * ]G ir a r d T r u s t C o ., P h ila d e lp h ia , T ru stee.
D iv id en d s.— F irst d iv id e n d o n p r e f., /4 % , Jun e 1 190 7, a n d /4 % has
B on d s.— T h e collateral b o n d s h a v e n o sin k in g fu n d a n a are n o t s u b je c t t o
been p aid m o n th ly up to an d In clu din g J n. l o c o .
E A R N I N G S .— F o r ca len d a r y e a r 1907, gross, $ 2 9 4 ,9 2 2 ; n e t , a fte r ta x e s , ca ll. O f th e to ta l o f $ 1 ,3 0 0 ,0 0 0 , $6 0 ,0 0 0 is re se rve d t o retire th e P e n n s y l
va n ia M o to r b o n d s.
Issue Is s ecu red b y a p le d g e o f $ 2 ,0 0 0 ,0 0 0 s to c k (th e
$ 1 1 2 ,1 7 7 .
In 1906. gross, $27 1,46 8; n et, a fter ta x e s , $ 10 2,64 0.
R O A D .— O w ns and op erates a b o u t 1 7 /4 m iles o f tra ck o n 1 4 /4 m iles o f e n tire Issue) o f th e (new ) E a sto n T ra n sit C o ., 12,317 shares (o u t o f 12,322
street In D u b u q u e , W e s t D u b u q u e and t o U n io n and N u tw o o d p a rk s , an d shares) o f E d iso n Illu m in a tin g s t o c k , and 2 ,400 shares (th e e n tire Issue)
o f P e n n sy lv a n ia M o to r s to c k . In te re st o n E a sto n & S o. B e th , b o n d s Is
has c o n tr a c t w ith th e c it y fo r s u p p ly in g e le ctr ic lig h ts.
O F F I C E R S .— P res., F . D . S to u t, C h ica g o ; V . - P . , D . D . M yers; S e c . an d p a y a b le at o ffic e o f E d w . B . S m ith & C o ., P h ila d elp h ia , o r a t c o m p a n y ’*
T reas , J . R . L in d s a y ;, R a ilw a y E x ch a n g e . C h ica g o ; G en. M a n ., L . D . o ffic e . T h e b o n d s are g u a ra n te e d , p rln . a n d ln t ., b y en d o rse m e n t b y th e
E a sto n C on so lid a te d E le ctric . A sin kin g fund o f $ 5 ,0 0 0 p e r a n n u m c o m
M ath es.— V . 71, p . 2643; V . 84, p. 1553; V . 86, p . 983
m ences Jun e 1 1908.
B on ds are s u b je c t t o call a fte r J u ly 1 1911 a t 105
and Interest. V . 8 3 , p . 323 .
R E P O R T .— F o r ca le n d a r years;
DULUTH, MINN.
C a l.
C ross earn. N et in c. N et in c. Total
O per.
In t. A
B a t. for
D U L U T H — S U P E R I O R T R A C T I O N .— T r o lle y .
year. E . T ra n .
E .T r . C o .E d .lll.C o . E .C o n .E l. E x p .
T a x es.
D iv.
$35 0,16 8
$77,727
$2 6 ,2 7 0
$10 3,99 7
$8,229
$59 ,525
O R G A N I Z A T I O N .— In co rp o ra te d In C o n n e cticu t In 190 0. O w ns entire 1 9 0 7 . .
82,843
2 7 .417 109.760
3,2 9 9
4 8 ,5 0 0 57.961
s to c k o f th e D u lu th Street R y ., th e L a keside Street R y . a n d th e S u p e r 1 9 0 6 .. 3 2 6 ,6 9 3
ior R a p id T ra n sit. T h e c o r p o r a te ex iste n ce o f th e D u lu th S treet R y .
D iv id e n d s p a id In 1907, $ 37 ,500 ( 5 % ) , again st $18 ,750 ( 2 /4 % ) In 1906,
Is m ain tain ed , b u t all o f Its s to c k ($1 500 000 au th o riz e d , $30 0 000 o u t le a v in g a d e ficit o f $1,258 n 1907, aga in st surplus o f $39,211 In 1906.
standing) Is held b y th e D u lu th -S u p erior T r a c tio n . T h is la tte r c o m p a n y
R O A D .— E m braces pra ctica lly the en tire s treet railw ay system o f E a s to n ,
has n o b o n d e d d e b t . T h e D u lu th S treet R y . w as o rg a n iz e d u n d e r A c t S o u th E a ston and P h lllp sb u rg, w ith a line fro m E a ston t o B eth leh em and
o f M in nesota a p p ro v e d N o v . 17 1881, an d possesses " a n e x c lu s iv e fra n c h is e ’ ’ S o u th B eth le h e m ; total tra ck . In clu din g a 12-m ile exten sion bu ilt b y the
w hich runs u n til 1931. See de cisio n w ith regard t o fra n ch ises In S u p erior E a ston & S o u th B ethlehem T ra n sit C o . fro m B u tz to w n t o S ou th B eth le h em ,
102 cars.
In V 80, p . 1 9 1 1. T h e D u lu th -S u p erior B ridge at W e s t S u p e rio r Is used b y a b o u t 52 m iles.
O F F I C E R S .— P res., Jos. S. L o v e rln g ; 1st V . - P . , S. H . H a c k e tt; 2d V . - P . ,
th e ra ilw a y , b u t Is a separate c o r p o r a tio n , and has Issued first m o rtg a g e
b on d s fo r $ 6 5 0,00 0 and se co n d m o rtg a ge b o n d s fo r $ 3 0 0 ,0 0 0 — see brid ge H . R . Fehr; S e c . an d T re a s.. E . B . M a ltb y ; F ran k lin B ank B ld g ., P h lla .—
Item s. V . 63, p. 310, 504.
In 1903 e n te re d Into c o n t r a c t w ith th e G reat V . 8 4 , p . 450 , 693, 1307; V . 8 5 , p . 283, 464 , 1461, 1518; V . 86, p . 602;
N orth ern P o w e r C o. t o s u p p ly s u fficie n t p o w e r t o o p e ra te th e stre e t ra il V . 87, p . 226.
w a y s In both cities.
!> -wer Is n w (1908) be in g de liv e re d .
NORTHAMPTON TR A C TIO N CO.—
STOC K A N D B O N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
O a p .s t o c k .c o m ., $3 ,5 0 0 ,0 0 0 ..........................................$ 3 ,5 0 0 ,0 0 0 ..........................
O R G A N I Z A T I O N .— I n c o r p o r a te d o n O c t . 13 1902, a n d Is a c o n s o lid a
P ref. 4 % c u m . $ 1 ,500,000 .................
Q -j
1,500 000 J a n ’ 0 9 . 1 %
tio n o n Jan . 1 1903 o f th e E a sto n & N azareth S treet R y . a n d th e E a ston
D u lu th S t. R y . M ., $ 2 ,5 0 0,000 11900
5 g M&N
2 ,5 0 0 ,0 0 0 M ay 1 1930 T a ta m y & B a n g o r Street R y . F ra n ch ise p erp etu a l.
g old ($ 1 ,0 0 0 ) ------------------ c * / I n t . at C en t. T ru st C o .. N Y . , T ru s te e .
S T O C K A N D B O N D S — D a te.
Interest. Outstanding.
M a tu r ity .
B o n d s .— T h e m ortg a g e c o v e r s all th e m ileage o f th e D u lu th Street R y ., S to c k $ 5 0 0,00 0 ( 1 0 0 ) ........................................................
$ 50 0,00 0 ......................
th e p r o p e r t y o f th e L akeside S treet R a ilw a y an d o f th e S u p erior R a p . F irst m o r tg a g e , $40 0,00 0 g . / 1903
5 g J -J
39 4 ,0 0 0 J a n . 1 1 9 3 $
T ra n sit h a v in g first been c o n v e y e d t o th e D u lu th S t. R y .
c * ............................................ ( I n t . a t N o rth a m p to n T r . C o . (E a sto n ) .T r u s .
D ivid en d s — O n th e preferred s to c k 4 % p e r a n n u m Is b e in g p a id .
S e co n d m o r tg a g e , $100,000 ........
....................
See t e x t.
R O A D .— T h e system e m b ra ce s 7 5 .9 3 m iles o f tra ck an d Inclu des all th e
B o n d s.— T h e first m o rtg a g e b o n d s are In d e n o m in a tio n o f $ 10 0, $ 20 0,
lines In D u lu th and S u p erior.
$500 an d $ 1 ,0 0 0 . A sinking fu n d o f 10 % o f n e t earn in gs Is n o w o p e r a tiv e ,
R E P O R T .— O f the D u lu th S treet R y . fo r ca le n d a r y e a r 1907, gross- b u t th e b o n d s c a n n o t b e c a lle d .
P a rt o f th e se c o n d m o r tg a g e b o n d s are
$ 8 4 6 ,0 8 4 ; n e t. $ 4 0 8 ,6 9 3 ; Interest and ta x e s , In clu din g $8 4 ,0 5 3 fo r d e p r e c la ; p le d g e d t o secure $80 ,000 o f n o te s .
t lo n , $3 0 1 ,7 3 5 ; su rplu s, $10 6,95 8; In 190 6, gross, $ 76 8,87 5; n e t, $ 3 5 0 ,0 5 4 ,
E A R N I N G S .— F o r fiscal y e a r e n d in g Ju n e 30 190 8, g ross, $1 1 3 ,2 2 3 ;
Interest a n d ta x e s . In clu din g $50 ,820 fo r d e p r e c ia tio n , $ 2 6 1 ,8 9 2 ; su rp lu s, o p e r . e x p . a n d ta x e s , $ 6 3 ,7 7 9 ; n e t, $ 4 9 ,4 4 4 ; ln t ., $24 ,863 ; s u r p ., $ 2 4 ,581 .*
$ 88 ,162 .
R O A D .— O perates 24 m iles o f tr a c k fro m E a sto n t o N azareth and
O F F I C E R S .— P re s ., C . G. G o o d rich ; S ee. and T r e a s ., L M en d en h a ll; fro m E a sto n t o B a n g o r, c h ie fly o n p r iv a te rig h t o f w a y . S ta n d a rd g au g e,
60 -lb . and 8 0 -lb . steel rail; 18 c a rs.
G en . M a n ., H erb ert W a r r e n .— V . 7 2 , p . 183. 627; V . 8 0 , p . 1911.
O F F I C E R S .— P re s ., T . A . H . H a y : S e c ., W . O . H a y ; T r e a s ., Chester
S u y d e r; S u p t., D . L . B ea u lieu . V . 80, p . 1972.
DUNKIRK, N. Y.
D U N K IR K S T R E E T R A IL W A Y —
O rganized A p ril 11 1906, b y th e sy n d ica te w h ich p ro p o s e s t o c o n n e c t
B u ffa lo a n d E rie.
H as secu red a fra nchise In D u n k irk a n d has b u ilt a b o u t
5 m iles o f tr a c k . S t o c k , $7 5 0 ,0 0 0 , a ll o u ts ta n d in g .
P r e s ., L . B . G rant;
V . - P . , P . O. S ch u tru m ; S e c ., Chas. H . W e rn e r; T r e a s ., M . J . D o d g e .
EAST ST. LOUIS, ILL.
E A S T ST. LO U IS & S U B U R B A N
O R G A N I Z A T I O N .— I n c o r p o r a te d
th e s to c k a n d b o n d s o f th e E a st S t.
L o u is E le c tr ic R y . a n d th e E a s t S t.
CO.— T r o lle y . (S ee M a p on page 44.)
In N ew Je rse y In 1902 an d o w n s all
L o u is R y . , th e S t. L o u is & E a st S t.
L o u is & S u b u rb a n R y ., all th e s to c k
$36 ,242
45
ELECTRIC RAILWAYS
F e b ., 1 9 0 0 . J
o f th e A lt o n G ranite & S t. L o u is T r a c tio n C o ., th e A lt o n G as & E le c tr ic
C o. an d th e b o n d s o f th e S t. L o u is <& B elleville E le c tr ic R y .
T h e E a st
S t. L o u is & S u b u rban R y . op e ra te s all th e e le ctr ic lines In E ast St. L ou is
an d t o B elleville, E d w a rd s v llle , C ollin sville a n n d C a seyville; also a line
t o O ’ F a llon a n d L e b a n o n an d an ln teru rb an line fro m E ast S t. L o u is
t o B r o o k ly n , V en ice, M adison , G ranite C ity an d A lto n , an d all street lines
In th e la tter c it y , an d th e o n ly e le ctr ic line a cross the Eads B ridge. In
J a n u a ry 1903 a cq u ired the C itizen s’ E le ctric L igh t & P o w e r C o m p a n y ’s
p la n t in E ast S t. L o u is .
H as tlfty -y e a r e x c lu s iv e righ ts fro m 1903 to
o p e r a te cars o v e r th e E ads B rid g e , the o n ly brid ge c o n n e c tin g S t. L ou is
a n d E ast S t. L ou is, l l a s a c o n tr a c t w th th e c it y o f E .S t . L ou is fo r m u n ici
pal lg h tin g until 1910. F ran ch ises In E ast S t. L o u is, E d w ard svllle, C ollin s
v ille , C a seyville, O ’ F a llo n , B elleville and L e b a n o n are fro m 44 to 48 years,
w ith th e e x c e p tio n o f B elleville (5 m ile s), w h ich has 10 years t o run— all
fro m 1904. H as 1 0 -yea r c o n t r a c t from S e p t. 1 1903 fo r c it y ligh tin g o f
A lt o n . A lt o n ra ilw a y fra n ch ise ex p ire s 1948; A lto n ele ctric ligh t fra nchise
In 1948; A lto n gas fra n ch ise is pe rp e tu a l; G ra n ite C ity fra n ch ise expires In
1925; M adison fra n ch ise In 1925; V e n ice fra n ch ise In 1920; B ro o k ly n
fra n ch ise In 1921; an d fra n ch ise fo r c o u n t y ro a d crossin gs in 1925.
B oth s tock and b on d s have been listed o n the P h ila d elp h ia S to ck E x
ch an ge an d oth er s tock exch an g es.
T h e fo llo w in g Is a list o f th e s to c k s a n d b o n d s o w n e d a n d w h ich are
d e p o s ite d w ith th e S t. L ou is U n io n T ru s t C o. as co lla te ra l fo r th e E ast
S t. L ou is & S u b u rb a n C o. co lla te ra l tru st b o n d s.
C on stituent C o s .—
B on d s.
Stock.
E a st S t L ou is R y C o . . $ 1 ,7 >9,000 (. ntlre Issue)
$ 1 ,8 0 5 ,5 0 0 entire Issue
S t L & E S t L E lec R y .
500 ,0 0 0
do
do
4 9 9 ,5 0 0 d o
do
E S t L & S u b u rban R y 3 ,7 1 6 ,0 0 0
do
do
3,7 4 8 ,8 0 0 d o
do
S t L & B elleville E l R y
7 5 0 ,0 0 0
do
do
______
C itizens E le c L & P C o.
10 6 ,0 0 0
249 ,700 d o
do
$6,871 ,000
$ 6 ,303,500
T h e ca p ita liz a tion o f th e E a st S t. L o u is & S u b u rb a n C o . Is as fo llo w s:
S T O C li A N D B O N D S —
D a te.
in terest. O utstanding.
M a tu r ity .
C o m m o n $ 7 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...............................................$ 7 ,0 0 0 ,0 0 0 .........................
P r e f $ 7 ,0 0 0 ,0 0 0 ($100) 5 % ] ____
Q -F
7 ,0 0 0 ,0 0 0 F e b ’ 09, 1M
.
_J
5 % c u m . ______
C o l l a t e r a l t r u s t m o r t g a g e $ 8 , - f 1902
5 g A -O
7 ,4 5 8 ,0 0 0 A p ril 1 1932
0 0 0 ,0 0 0 g old ($ 1 ,0 0 0 )___ c * {I n t e r e s t at S t. L ou is U n io n T r . C o ., T ru stee
. _
I o r a t E . W . C lark & C o ., P h ilad elp h ia.
A G & S t L ou is first consoll-1
1904 5 g F -A
2 ,2 6 3 ,0 0 0 A u g . 1 1944
d a te d m ortg a ge ,$ 3 ,0 0 0 ,0 0 0 ) I n t. at Illin ois S ta te T r . C o ., E a st S t. L o u is ,
g o ld ( $ 1 ,0 0 0 )____________ c*J T ru ste e ,
o r at M o rto n T ru s t C o ., N . Y .
A lt o n
Im provem en t A ss’n f
1889 5 M -S
6,000 S e p t., 1909
1st M cu r r e n c y $ 2 ,5 0 0 ,0 0 0 - [In te r e s t at A lt o n S av in gs B a n k .
A lt o n R y & Iliu m first m t g c / 1895
5 g A -O
2 44 ,000 O c t . 1 1915
$ 2 5 0,00 0 gold ($1,000) _ . c * [ In te re st a t M a n h a ttan T r u s t ., N . Y . , T ru stee.
A lto n R y Gas & E lectric C ol
1899 5 g A -O
250 ,0 0 0 O ct. 1 1939
m ortg a g e $500,000 ($1,000) (-Int. at T ru st C o . o f A m e r ic a , N . Y . , T ru ste e .
g o l d -----------------------------------c * l
N o sin k in g fu n d ; b o n d s c a n n o t be c a lle d .
B on d s.— B esides th e $ 7 ,4 5 8 ,0 0 0 co ll, trust b o n d s re p o rte d o u tsta n d in g ,
$35 8 ,0 0 0 are in c o m p a n y ’s treasury an d $184,000 arc reserved fo r fu tu re
ex ten sion s an d lm p ’ ts. B on d s are red eem a b le o n a n y Int. d a y a t 105 an d
Int. o n 60 d a y s ’ n o tice . See V . 76, p . 3 8 2 . O f th e $50 0,00 0 A lton R y .,
G as & E lec. C o. b on d s, $250,000 are reserved fo r p rio r liens.
$2,263,000
A lto n G ranite & S t. L ou is 1st con sols a rc o u ts ta n d in g , $50 0,00 0 are reserved
t o tak e up prior b o n d s. T h e re m a in in g $23 7,00 0 o f the b o n d s are fo r e x
ten sion s a n d im p ro v e m e n ts . T h e y a rc also a lien on the p r o p e r ty o f the
A lt o n G as & E lectric C o ., w h ich w as o w n e d b y the A lto n G ranite & S t .L .
T r a c . C o ., w hen th e m tg e. w as m a d e .
N o sin kin g fu n d s, b u t b o n d s are
s u b je c t t o call on a n y Interest d ate a t 110 an d Interest u p o n 90 d a y s ’ n o tice .
D ivid en d s.— 5 % per an n u m has been p aid q u a rte rly o n preferred since
Its iss ie M ay 1 1906 up to an d Inclu din g F e b . 1 1909.
R E P O R T .— F o r y ea r e n d in g D e c. 31 1908, gross, $ 2 ,0 0 9 ,5 1 4 ; n e t,
$94 7 ,2 0 5 ; fixed charges, $57 1,65 5; preferred d iv id e n d , $35 0,00 0; surplus,
$ 2 5 ,5 5 0 .
In 1907, gross, $2 ,1 5 7 ,4 4 3 ; n e t, $ 1 ,029,548 ; fixed charges, $54 5,$58 ; p referred d iv id e n d , $35 0,00 0; surplus, $ 13 4,19 0.
R O A D .— O perates 181 m iles o f tra ck , Inclu din g all the lines In E ast
S t.L o u is and A lt o n , a d o u b le -tra ck road fro m E a st S t. L o u is t o B e lle v ille ,
a sin gle-track line to O ’ F a llon an d L e b a n o n , and also a sin gle-track line to
A lto n .
H as 204 cars.
O F F I C E R S .— P r e s ., C. M . C lark; V . - P . , E . W . C lark; S e c . an d A s s t.
T r e a s ., G . L . E s ta b ro o k , T r e a s ., C. A . P ea rson J r .; A s s t. S e c ., T . W .
G re g o r y .
O ffice o f S u b u rb a n C o ., C a m d e n , N . J .; o p e r a tin g c o m p a n y at
E ast S t. L o u is .— V . 8 3 , p . 271 , 687, 969 , 1170; V . 8 7 , p . 8 1 2 , 1089.
R O A D .—C om prises 27 >4 m iles o f tr a c k , controU Ing all th e p rin cip a l streets
In E lm ira an d c o n n e c tin g th e su bu rba n tow n s o f E lm ira H eigh ts, S o u th p o rt
an d R ° rsehe a d s, an d 17 m iles fro m H orseh eads t o W a tk in s , v ia M illport
an d M on tou rs Falls, t o S en eca L a k e .
E q u ip m e n t co n sists o f 40 c lo s e d c a r s ,
32 op en cars an d 11 trailers. T r a c k laid w ith 75 and 9 0 -lb . gird er rails.
O w ns R o r lc k Glen P a rk .
R R P O R T -— E a rn in g s fo r y e a r e n d in g Jun e 30 1908 w e re : g ro s s , $ 72 5,98 9;
ne^ T?,^?2, ,0 0 4 :
c h a rg e s, $ 22 0,70 2; su rplu s, $51 ,302 .
O F M C E R S .— P r e s ., R a y T o m p k in s ; V .- P ., G eorge B u llo ck : S ec. and
T r e a s ., H . M . B e a rd s le y ; A s s t. S e c ., A . O . C o o k e , 40 W a ll S t ., N . Y .
G en . M g r., S . J . D ill.— V . 72. p . 935 , 988; V . 8 2 , p . 1166; V . 83, p . 89S
V . 8 6 , p . 720 .
,
El
O R G A N I Z A T I O N .— In c o r p o r a te d In 1898 u n d er th e law s o f W isco n s in .
O w n s th e C h ipp ew a V a lle y E le c . R R . , In w h ich th e Eau Claire L igh t &
1 o w er C o. has been m erg e d . C o m p a n y has su rren dered Its Eau Claire
lighting fra n ch ise a n d o p era te s u n d e r in d e te rm in a te p e rm it as to lig h tin g .
Still h old s railw ay fra n ch ise.
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
$ 8 0 0 , 0 0 0 .......................
C o m m o n , $ 8 0 0 , 0 0 0 ( $ 1 0 0 ) .............................- ............
P r o f 7 % c u m , $200,000 ( $ 1 0 0 ) ____
7 Q -M
1 0 0 , 0 0 0 D e c ’ 0 8 , 1»A
F irst
m ortg age
$ 2,000,000 1 1907
5 J-.I
650 ,0 0 0 J u ly 1 1 9 2 4
($1,000) g o ld ____________ c * / I n t . a t H arris T r . & S a v . B k . , C h ica g o , T ru st
B on d s.— O f the new $2,0 0 0 ,0 0 0 b o n d s, $20 0,00 0 m ay be Issued for 7 5 %
o f c o s t o f exten sion to M en om ln le; rem ain d er can be Issued fo r 7 5 % o f
c o s t o f o th e r p erm a n en t ex te n sio n s, a d d itio n s and im p r o v e m e n ts ,p r o v id e d
n et earnings fo r p reced in g year h ave been tw ice ann ual in terest charges,
In clu din g Interest on b on d s to be Issued. A re s u b je c t to call on and a fte r
J u ly 1 1913 at 105 and Interest, $750 p rio r Hens rem ain o u tsta n d in g , b u t
as s u fficien t p roceed s have been set aside fro m sale o f o u ts ta n d in g b on d s to
retire these, w e o m it them fro m the sta te m e n t. S in k in g fu n d begins 1913
V . 8 5 . p . 1461.
D ivid en d s.— D iv id en d s o f 1 * 4 % are p a id on p r e f each qu a rte rly
E A R N I N G S .— F o r yea r en d in g D e c. 31 1908, gro ss, $15 6 ,0 6 9 ; n et, a fte r
taxes. $80 ,021 ; Interest on $650,000 first m o rtg a g e b o n d s , $32 ,5 0 0 ; surplus.
$47 ,5 2 1 ,
R O A D .— O perates 22 *A m iles o f ro a d In Eau Claire and C h ipp ew a Falls,
Inclu din g an lnteru rban line betw een th e m .
O w ns all the w a te r pow ers
an R e d C edar R iv e r an d d o c s all e le ctr ic lig h tin g an d p o w e r business In
E a u Claire.
O F F I C E R S .— P r e s .,; O . H . In gra m ; V . - P . , J o h n S. O w en ; S ec. and G en
M g r., G eo. B . W h e e le r ; T r e a s ., B . A . B u ffin g to n ; A sst. M gr. A . E . P ierce
J r .— V . 8 5 , p . 1209. 1461.
E L M IR A , N . Y .
E L M IR A W A T E R . L IG H T & R A IL R O A D C O M P A N Y .
O R G A N I Z A T I O N .— T h is c o m p a n y w as In co rp o ra te d o n M a y 26 1900
fo r th e p u rp ose o f c o n s o lid a tin g all th e w a te r, lig h tin g , p o w e r and street
railw ay p rop erties In E lm ira , co m p r is in g th e fo llo w in g : T h e E lm ira M u n ici
pal Im p r o v e m e n t C o .; th e E lm ira & H orseh ea d s R y .; th e M aple A v e n u e
R y .; th e W est W a te r Street R R .; th e W e s t S id e R a ilw a y C o .; th e E lm ira
G as <fc Illu m in a tin g C o ., th e E lm ira Illu m in a tin g C o .; th e E lm ira W a t e r
W o r k s C o. and th e E lm ira H eigh ts W a te r C o.
In M ay 1906 w e w ere in
form ed th a t n one o f th e fra n ch ises had less th a n 09 years t o ru n , w hile so m e
o f th em w ere p erp etu a l.
In S e p t. 1906 p u rch a se d th e en tire ca p ita l s to c k
an d b on d s o f th e E lm ira & S en eca L a ke T r a c tio n C o.
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
C om m o n $ 1,000,000 ( $ 1 0 0 ) .................
...............
$1,0 0 0 ,0 0 0 ........ ..............
P ref. 5 % c u m ., $ 1 ,0 0 0 ,0 0 0
------5 M -S
667 ,200 S e p . l ’ 082~)4
E lm ira W a ter-W ork s first m t g . l ------6 A -O
3 3 9 ,0 0 0
1913
$ 3 3 9,00 0 ($1,000 an d $500) . / In t. at F a rm ers’ I ,.& .T r . C o. N Y
trustee
W e s t Side R R gold first m o r t -f 1894
5 g A -O
355 ,000 O ct 1 1 9 1 4
g a g e ............................................F - H R a th b o n e , V . - P . , C h em u n g Canal
( T ru s t C o ., E lm ira , T ru ste e .
F irst m ortg a g e $ 2 ,0 0 0 ,0 0 0 ,( 1900
5 g J-J
1,6 6 1 ,0 0 0 Jan 1 1949
g o ld ($1,000 an d $ 5 0 0 ) - . c * ( U n ited S tates M ortg age & T r ., N . Y . T ru st
l S u b je c t t o ca ll at 105 and Interest
1st co n s o l m tg c , $5,000,0001 1906
5 g M -S
1 .6 2 2 ,0 0 0 S e p t 1 1956
($ 1 ,0 0 0 ), g o l d ....................c * J I n t . at N ew Y o r k T ru s t C o ., T ru ste e .
B o n d s.— O f the 1st 5s o f 1900 $33 9,00 0 arc reserved t o retire at m a tu rity
th e b o n d s o f th e E lm ira W a t . W k s . C o ., d u e ’ 13. $355,000 o u ts ta n d . b o n d s
o f th e W e s t Side R R . an d the E lm ira l ig h t s . W a te r C o. arc gu aran teed . O f
the 1st co n s o l, m tg . o f 1906 $ 2 ,3 5 5 ,0 0 0 are reserved fo r prior Hens. V . 83
p . 393; V . 80, p . 720.
D ivid en d s.— 1st d iv id e n d o n p re fe rre d , 2 H % . p a id S e p t. 1907.
In
1008. M arch 2 > 4 % ; S e p t. 2 > 4 % .
E R IE , P A .
E R IE T R A C T IO N C O .
In 1908 co n tr o l ch a n g e d han ds an d office rs e le cte d as b e lo w .
— In c o r p o r a te d in P e n n sylva n ia on A p ril 16 1901.
S IO C K A N D BO N DS—
D a te .
Interest
O utstanding.
M a tu r ity .
S to c k , $ 5 0 0,00 0 ($ 5 0 ) _________ ______
__
_
$500 000
_ _
1st m o rtg a g e . $ 5 0 0,00 0 g o ld ]1 9 0 7
5 g J-J
5 0 0 ,0 0 0 J u f y l ‘ i9 2 9
$1,0 0 0 $ 5 ,0 0 0 & $ 1 0 ,0 0 0 c * /I n t . at S e c. S a v . & T r . C o ., E rie, trustee.
2d m o r tg a g e $ 3 0 0,00 0 g o l d . . . 1908
5%
2 7 0 ,0 0 0 Ju n e 15 ’ 09
12,500
Loans p a y a b le Jun e 1 9 0 8 . . . .......................................
B o n d s.— A sin kin g fu n d o f $20 fo r e v e r y $ 1 ,000 b o n d co m m e n ce s J u ly !
1912.
S u b je c t t o call in e n tire ty a fte r 5 years a t par. T h e old b on d
Issue o f 1899 has been retired .
E A R N I N G S .— F o r y e a r e n d in g D e c 31 1908: G ross, $ 8 6 ,7 8 0 ; n e t $23 572: fixed ch arges. $ 4 1 ,5 0 6 ; d e fic it, $17 ,934 .
R O A D .— O perates 2 7 )4 m iles o f tr a c k fro m Erie t o E d ln b o r o a n d C a m
b rid g e S prin gs. Stan d ard gau g e, 6 0 -lb . and 7 0 -lb . gird e r and T -r a ll.
O F F I C E R S .— P re s .. F . F . C u rtze; V .- P ., W m . S pen cer; S e c .-T re a s ..
C h as. M . H a tch . AH o f E rie, P a.
E U R E K A , CAL.
H U M B O L D T T R A N S IT CO .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In C a liforn ia J u ly 31 1903.
STOCK AN D BO N DS.
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) , . . ...............................................
$5 0 0 , 0 0 0
.
1st m tg e $ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )] ____
5 g A -O
2 0 8 ,0 0 0 O c t 1 1 9 3 4
gold -----------------------------c & r j U n io n T r . C o. o f San F r a n ., tru stee.
R O A D .— C om prises 13 m iles o f tra ck in c ity o f E u rek a. 4 5 -6 0 -lb . T -rallsO F F I C E R S .— P re s ., G eo. H e a z le to n ; S e c ., B u rk e C o r b e tt; T r e a s .,
H o ra ce R . H u d s o n ; M g r., M . M . M artin.
E A U C L A IR E , W IS .
C H IP P E W A V A L L E Y R A IL W A Y L IG H T & P O W E R CO .
EL PASO, T E X A S,
E L P A S O E L E C T R I C C O . — In c o r p o r a te d In N ew J e rse y and o w n s the
se cu rities o f th e El P a so E le c. R y . C o. an d the El P a so & J u a re z T r a c . C o .,
co m p r is in g p r a c tic a lly all th e e le ctr ic lig h tin g a n d th e en tire stre e t ra ilw a y
business o f E l P a so , T e x . , and J u a re z , M e x ico .
R a ilw a y fra n ch ise In
P a so e x p ire s In 1951; in Ju a rez in 1988. L ig h tin g fra n ch ise In E l P a so e x .
plres In 1952; In J u a rez In 1915.
STOCK A N D B O N D S—
D a te.
In terest. O utstand ing.
M a tu r ity .
________
s i 000 000
C o m m o n , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
P ref $50 0,00 0 6 % n -c ($ 1 0 0 )...............
6 J-J
’ 43o’,700 J a n " l f ’"o¥ ,3%
C ollat trust m tge $ 1 ,0 0 0 ,0 0 0 ) 1902
5 g J -J
1 ,0 0 0 ,0 0 0 Jan 1 1932
($1,000) g o l d . . c j l n t a t S ta te S tre e t T ru st C o . B o s to n , T ru stee
N otes $o 0 0 ,0 0 0 g o ld ($100,1 1908
6 J-J 15
5 00 ,000 Jan 15 1913
$500 and $ 1 ,0 0 0 )---------------c j l n t . at S ta te S treet T r . C o. B o s to n , T ru stee.
B o n d s .— T h e 1908 n o te s arc c o n v e r tib le at o p tio n o f h old er in to co m m o n
s tock at par: can be called on 60 d a y s ’ n o tice on a n y Interest d ate after
N o v . 1 1910 a t p ar an d In terest. T h e 1902 c o ll, tru st b o n d s c a n n o t be
called an d n o sin k in g fu n d .
D ivid en d s.— F irst d i v ., 3 % on p re f. s to c k , w as paid Ja n . 12 1903; also 3 %
on J u ly 13 1903.
In 1904, 6 % ; In 1905, 6 % ; in 190 6. 6 % ; in 1907. 6 %
In 1908, 6 % ; in 1909, J a n ., 3 % .
E A R N I N G S .— O f co m b in e d co m p a n ie s fo r 12 m o n th s e n d in g D e c . 31
1908: G ross, $53 4 ,2 2 2 ; n e t. $ 14 9,58 4; in t. a n d ta x e s , $ 86 ,893 ; d iv id e n d ,
$ 2 5 ,8 4 2 : b a la n ce , $ 36 ,849 .
R O A D .— O p era tes 29 X m iles o f tra ck In a n d b e tw e e n El P a so , T e x .,
a n d J u a re z , M e x ico ; chiefly. 60-Ib. T rail; 47 cars; sta n d a rd gau g e.
O F F I C E R S .— P r e s ., G . E . T r ip p ; V . - P . , J o se p h R e m ick ; T r e a s ., H e n r y
II. S a w y e r; S e c ., A lv a h K . T o d d ; M g r., C. W . K e llo g g J r .; T ran s. A g e n ts,
S to n e & W e b s t e r , B o s t o n .— V . 85, p . 1269; V . 86, p . 1409.
E V A N S V IL L E , IN D .
E V A N S V IL L E
& S O U T H E R N I N D I A N A T R A C T I O N C O . — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d in Ja n . 1907 an d is a co n s o lid a tio n o f
th e E v a n sv ille E le c. R y . and th e E v an sville P r in c e to n & V in ce n n e s In ter.
Ry.
Fran ch ises exp ire In 1951 and 1952.
STOC K A N D B O N D S —
D a le .
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
________
$ 2 ,0 0 0 ,0 0 0 ____________
P r e f, $ 1 ,5 0 0 ,0 0 0 ($100) see t e x t ........
...............
1 0 0 0 , 0 0 0 ____ __
1st con m tg e , $ 4 ,0 0 0 ,0 0 0 , gl
1907 5 g J-J
$ 1 ,0 0 0 ,0 0 0 Jan 1 1937
( $ 1 , 0 0 0 ) ---------------------------c* j I n t. at T ru st C o. o f N o . A m ., P h lla ., T ru stee.
E v an sville E l R y 1st m t g e ,]
1901 4 g M -N
1,2 0 0 ,0 0 0 M ay 1 1921
$ 1 ,2 0 0 ,0 0 0 , gold ( $ l,0 0 0 )c * J I n t . at F a rm ers’ L . & T r . C o ., N . Y . , T ru s.
E v a n sv & P rin ce 1st m tg e .)
1903 5 g A -O
4 0 0 ,0 0 0 A p ril 1 1923
$40 0 ,0 0 0 , g o ld
( $ 1 ,0 0 0 ) ,[ in t . a t C lt. S av . & T r . C o ., C le v e .. T ru stee,
sin k in g f u n d ___________c & r )
o r at First N a tio n a l B a n k . N ew Y o r k .
S to ck .— P referred s to c k is en title d t o d iv id e n d s o f 3 % in 1908; 4 % la
1909; 5 % In 1910 and th ereafter.
B o n d s.— O f th e $4,0 0 0 ,0 0 0 new b o n d s, $ 1 ,6 0 0 ,0 0 0 are reserved fo r prior
lien s.
A re s u b je c t t o call o n a n y Int. d a te b efore Ja n . 1 1912 on 60 d a y s ’
n o tice a t 105 and Interest.
T h e E v an sville & P rin ce to n first 5s h a ve a sin kin g fu n d o f $10 ,000 per
ann um co m m e n cin g on F eb . 1 1908, said fu n d t o be Invested In th e b o n d !
at 105. b e g in n in g w ith N o . 1. W h o le issue o f these b o n d s m a y b e ca lle d at
a n v tim e at 110 and Interest
G eo. B . D enison o f C leveland is co -tru s te e
o f this m o rtg a ge
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1908, gross, $ 37 3,14 5; Bet, $ 1 3 8 ,
036: in 1907, gross, $36 4,09 4: n et, $137,191.
R O A D .— O w n s a b o u t 65 m iles o f track In E vansville and b etw een E v a n s
v ille , P rin ce to n an d P a to k a .
60, 70 an d 75-lb. T -ra lls. A ls o o w n s park
an d pleasure resort.
O F F I C E R S .— P re s., Chas. M u rd o ck ; V .- P ., H . B . S m ith ; S ec. a n d T r e a s .,
C. M. M u rd o ck ; G en. M gr., F le tch e r M . D u rb in ; A u d ., J . G . M c K e e .—
V . 84 p. 158, 339 , 1366.
E V A N S V IL L E R A IL W A Y S CO .
O R G A N I Z A T I O N .— In co rp o ra te d In In d ian a In A u g u st 1907 to c o n tro l
the E v an sville & E astern E le ctric R y . and the E v a n sv ille & M t. V e rn o n
E le ctric R y .
O w ns all the s to ck o f the latter ro a d and 9 8 % o f the s to c k
o f th e fo rm e r . T h e E v an sville R y s. C o. leases th e E v a n s v ille & E a stern
E le ctric R y .
In N o v . 1907 au th o riz e d $ 5 0 0,00 0 p re f. s tk . V . 8 5 , p . 1401.
O n M arch 7 1908 th e E v an sville T erm in al R y . w as ln c o r p o r a td e in I n
dia n a to b u ild a lin e fro m N ew bu rgh to E v a n s v ille (9 m ile s ).
R o a d la
leased to th e E v a n sv ille R y s. C o. T h e e n tire $ 2 0 0,00 0 s to c k o f E v a n s
v ille T e rm . R y . Is o w n e d b y th e E v a n sv ille R y s. C o .
S u b scrib e rs to
the $20 0,00 0 b o n d s o f the T erm in al R y ., ottered In M a y 1908 at 90, w ere
given a bo n u s o f 3 0 % In p re f. s to c k o f the E v a n s v . R y s . C o . V . 86,
p. 1100.
STOCK A N D BO N D S—
D a te
R a te .%
O utstanding,
L a s t D lv .
C o m m o n , $ 1 ,0 0 0 .0 0 0 ($ 1 0 0 ).......................................
$90 0,00 0 ...........
P r e f., $50 0 ,0 0 0 , 6 % c u m ......................
J-J
160,000 _______
E v a n s & E E lec R y 1st m o r t-] 1906
5 g A -O
550 ,000 A p ril 1 1936
g a g e , $ 7 5 0 ,0 0 0 . g o ld ($ 5 0 0 )I n t . a t A m e rica n T ru s t & S a v . C o ., E v a n sand $ 1 ,0 0 0 )......................... c*J
v llle , o r P ittsb u rg h T r . C o ., P lt t s b ., T r u s .
E v a n s & M t V E lec R y 1st M , I 1905
5 g A -O
3 50 .000 O ct 1 1 9 2 5
$ 3 5 0 ,0 0 0 , g o ld ($ 1 ,0 0 0 ). c * ] I n t. a t A m e r. T r . & S a v . C o ., E v a n s v ., T ru s .
E v an sv T e rm . R y . 1st m tg e l 1908
5 J-J
200 ,0 0 0
Ja i 1 1939
$30 0,00 0 g o l d __________ _ c i l n t . at A m . T r. & S a v . C o ., E v a n s v ille , truBt.
gu . p .& l. b y E v a n s .R y s.C o J a n d Ills. T r . <fe S av . B a n k . C h icago.
Stock and B o n d s.— P ref. s to ck can b e called a n y tim e a t par. O f th e
E v a n s v ille
&
Eastern
E le c tr ic
Ry.
bon d s.
$200,000
are
re
s e rv e d fo r exte n sio n s and Im p ro v e m e n ts at 85 % o f c o s t . A re s u b je c t t o
c a ll, In w h o le o r In p a rt, a t 105 and Interest on a n y Interest d a y u p o n 90
d a y s n o tice ; $2,500 Is p a y a b le a n n u a lly t o a sin k in g fu n d fro m 1910 t o
1920; fro m 1921 t o 1936, $5,000 p e r a n n u m . T h e E v a n s v ille & M ou n t V e r
n o n E le c . R y . bon d s h a ve a sin kin g fu n d o f $10,500 p er a n n u m , c o m m e n c
in g O ct. 1 1910, to be Invested in ten b o n d s an n u ally at 105. Su bject to cq\
a t a n y interest p eriod a t 110.
46
ELECTRIC RAILWAYS
R O A D .— T h e E v a n sv ille & E a stern ro a d consists o f 25 m iles o f track
fro m N e w b u rg h (fr o m w h ich p o in t It enters E v a n sville o v e r th e tracks o f
th e E v a n s v ille T e r m in a l R y .) to R o c k p o r t , In clu d in g a 4 -m lle b ran ch
t o R ic h la n d . T h e E v a n sv ille & M t. V e rn o n ro a d con sists o f 18 m iles o f
track fro m E v a n s v ille t o M t. V e rn o n . T o t a l len gth o f lines. 43 m iles.
E x te n sio n s a g g reg a tin g 25 m iles are p ro je cte d t o G rand V ie w , T r o y , T ell
C ity a n d C a n n elton .
B o th road s d o a freigh t bu sin ess.
O F F I C E R S .— P r e s ., W . L . M cC r d y ; V I c e -P r e s ., W . I . R u d d : S e c .,
F r e d . W . R e it z ; T r c a s ., M . S. S o n n ta g ; G en. M g r ., W . A . C a rson .— V . 84,
p . 942 , 155 1; V . 8 5 , p . 1401; V . 86, p . 110 0. V . 88, p . 505.
E V A N S V IL L E SU B U R B A N & 1 nE W B U R G H R Y .
O R G A N I Z A T I O N .— In co rp o ra te d In In dian a In D e c. 1888, w ith a p e r
p etu al c h a rter. Passenger business hau led b y e le ctr lc ty an d fre ig h t b y
s tea m . D oes a ca r -lo t freigh t an d express bu sin ess. H as p r iv a te r ig h t-o fw ay.
STO C K A N D BON DS—
D a te.
In terest. O utstanding.
M a tu ritu .
S to c k . $ 50 0,00 0 ($ 1 0 0 )............... ...........
...............
$ 30 7,40 0 ......................
1st m o r tg a g e , $50 0,00 0, g o ld ] 1904
5 g J -J
500 ,000 J u ly 1 1934
($500 a n d $ 1 ,0 0 0 ) ........... c* ^Interest at E v a n sville T ru st A S a v . C o .,
J T ru ste e , o r N a t. B a n k o f C o m m e r c e , N . Y .
B on d s.— A sin kin g fu n d o f $2,500 per a n n u m co m m e n ce s J u ly 1 1 9 1 0 ,
w h ich w ill retire b on d s a t 105. A ll o r a n y p a rt o f b o n d s are re d e e m a b le
a fter 15 years a t 105.
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1908, gross, $12 6,03 6; n e t, $ 5 5 ,
599: In 1907, gross, $11 8,50 8; n e t, $56 ,990 .
R O A D .— O perates 25 m iles o f tra ck fro m E vansville t o N e w b u rg h , w ith
a b ra n ch o ff th e m ain line th rou gh S teven s S ta tio n and C h a n d le r, t o B o o n vtlle- has also 5 m iles o f sid e -tra ck : t o ta l, 30 m iles. S ta n d a r d g a u g e .
7 0 -lb . T rails.
O F F I C E R S .— P re s ., F . W . C o o k : V .- P ., L ee H o w e ll; S e c. an d G en . M g r ..
G us. M ulhauser; T r e a s ., S. P . G illett. V . 83, p . 271.
EVERETT, WASH.
P U G E T SO U N D
IN T E R N A T IO N A L R Y . &
PO W ER CO.
O R G A N I Z A T I O N .— In c o r p o r a te d In M aine Ju n e 5 1907 t o o w n , o p e ra te
an d d e v e lo p ele ctr ic r a ilw a y , lig h tin g , gas an d w a te r p o w e r p ro p e rtie s In
th e P u g e t S ou n d d is tric t, a n d b u ild a r o a d b e tw e e n S e a ttle , E v e re tt an d
B e llin g h a m , W a s h .
V . 8 5 , p . 723. S to c k Is all o w n ed b y th e S e a ttle E le c
tr ic C o.
O p era tes u n d er lease E v e re tt R y . L t . & W a te r C o.
In 1908
a c q u ir e d th e S e a ttle -E v e r e tt I n te ru rb a n . V . 8 7 , p . 936.
O F F I C E R S .— P re s ., E rn est W . P u rd y , B ellin gh am ; V . - P . , G u y E .
T r ip p : S e c ., A lv a h K . T o d d ; T r e a s ., H e n ry B . S a w ye r; G en . M rg s ., S to n e
& W e b s te r , B o s to n .
(1) S e a tt lc -E v c r e t t In te ru rb a n R y . C o .
O R G A N I Z A T I O N .— C o m p a n y so ld t o th e P u g e t S o u n d I n t e r . R y . &
P o w . C o . In 1908, s u b je c t to Its 1st m t g e .. Its p r o p e r ty , In clu din g rig h ts o f
w a y , lan ds o r franchises o w n e d fro m H alls L a k e t o E v e re tt.
STOCK AN D BO N DS.
D a te.
In terest. O utstanding.
M a tu ritu .
S to c k $ 1 ,7 5 0 ,0 0 0 ($ 1 0 0 )_______ ______
____ ______ $ 1 ,7 5 0 ,0 0 0
_
1st m o r tg a g e $ 2 ,0 0 0 ,0 0 0 g o l d [ 1905
5 g M -S
31 0 ,0 0 0 S e p t 1 1 9 3 5
l
U n io n T ru st C o ., P itts b u rg h , tru ste e .
R O A D .— O perates 17 m iles o f sin gle tra ck b e tw e e n B allard a n d H alls
L a k e.
P lans to e x te n d line to E v e re tt.
E V E R E T T R Y . . L I G H T & W A T E R C O .—
L ea sed .— R o a d Is o p e r a te d u n d er lease b y th e P u g e t S o u n d In te rn a tio n a l
R y . A P o w e r C o.
O R G A N I Z A T I O N .— In co rp o ra te d In D elaw are o n F e b . 22 1905 and Is a
con s olid a tion o f the E v e re tt R y . A E le c. C o . an d th e E v e re tt W a te r C o.
O w ns en tire electric-ra ilw a y system o f E v e re tt an d L o w e ll, and d oes greater
p o r tio n o f e lectric-lig h tin g business In E v e re tt, L ow ell and M arysville,
O w ns p u b ic w a ter s u p p ly system th ro u g h o u t E v e re tt an d L o w e ll.
R a il
w a y franchises exp ire 1944 an d 1950; lig h tin g fra n ch ise expires 1950 and
w ater fra n ch ise 1945.
STOCK AN D BO N D S—
D a te.
In terest. O utstanding.
M a tu r lt
S to c k , $2 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......... .... ...............................
$ 2 ,0 0 0 ,0 0 0 ......................
1st
m o rtg a g e ,
$2,000,000 ,1
1905
5 g A -O
675,000 A p ril 1 19
gold ($ 1 ,0 0 0 )_____________ c / I n t . at M an h a ttan T r . C o .. N . Y . , T ru ste e
E v erett R y A E le ctric 1st)
1901
5 g A -O
8 25 ,000 A p ril 1 1921
m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 , g o I d ) I n t . at M anhattan T r . C o ., N . Y . , T ru ste e .
( $ 1 ,0 0 0 ) .....................................) N o sin k in g fu n d an d n o t s u b je c t t o call.
E v e re tt W a te r C o 1st m tg e .l
1901
5 g J-J
5 00 ,000 J u ly 1 1921
$60 0,00 0 ($ 1 ,0 0 0 )_______ c*J In t. at M an h a ttan T r . C o .. N . Y . , T ru ste e .
B on d s.— O f th e new $ 2 ,0 0 0 ,0 0 0 m o rtg a g e . $ 1 ,3 2 5 ,0 0 0 are reserved t o
retire p rior Hens. N o s. f ., b u t b o n d s s u b je c t t o call on a n y ln t . d a te u p o n
60 d a y s ’ n o tice a t 107 >4 an d in te re st.
E A R N I N G S .— F o r ca le n d a r y e a r 1907, gross, $35 0,84 5; In 1906, gross,
$29 3,21 4.
R O A D .— O perates 19 *A m iles o f tra ck In E v e re tt, In clu din g b ra n ch t o
L ow ell an d S n oh om ish , 6.1 9 m iles, leased fro m th e N . P . R R . C o . fo r 3
years w ith p rivilege o f ren ew in g fo r 7 years m o re . S tan d ard g au g e. 30 cars.
O F F I C E R S .— P re s ., J . T . M cC h esn ey, E v e re tt; V .- P ., L . S . D u ry e e
a n d H . P . S c o t t ; S e c. an d T r e a s ., E d w a rd C. M o n y , E v e re tt; M g r ., W . I .
S t u r t e v a n t .— V . 8 0 , p . 2219.
FAIRMONT, W . VA.
FA IR M O N T & C L A R K SB U R Q TR ACTIO N CO.
O R G A N I Z A T I O N .— In co rp o ra te d In W e s t V irg in ia In Jun e 1903 and Is
s u ccessor t o th e F a irm o n t & C larksbu rg E le ctric R R . C o.
Is co n tr o lle d b y
Interests Identified w ith th e C on solid ation Coal C o . o f M aryland an d allied
p ro p e rtie s . V . 80, p . 600.
D oes a lig h tin g business In F a ir m o n t, w here
b o th lig h tin g a n d s treet ra ilw a y fra nchises are p e rp e tu a l; fra n ch ise in Clarks
b u r g 50 yea rs.
H as m a d e a g reem en t w ith F a irm o n t A M an n ln gton
T r a c t io n C o. t o h an d le all business fro m e n d o f la tte r c o m p a n y ’ s line Into
F a ir m o n t a n d also t o fu rn ish p o w e r fo r o p e r a tio n o f F a ir m o n t A M anningto n T r a c tio n .
V . 8 7 . p . 544. O n Ju n e 16 1908 s to ck h o ld e rs au th o riz e d
th e Issue o f $ 2 ,5 0 0 ,0 0 0 p re f. s to c k g iv e n b e lo w .
STOCK AN D BON DS—
D a te.
In terest. Outstanding.
M atu ritu .
S to c k , $ 2 , 0 0 0 , 0 0 0 ($ 1 0 0 )..............................................
$1,80 0 ,0 0 0 .......................
P re fe rre d , $ 2 .5 0 0 ,0 0 0 ........ .............................................
1 ,5 3 1 ,7 0 0
....................
1st
m ortg a g e ,
$2,500,000 ,1 1903
5 g A -O
2 .5 0 0 ,0 0 0 O ct 1 1938
gold ($ 1 ,0 0 0 )...................... c * J I n t at G u aran ty T r . C o ., N . Y . , T r u s te e ,
B on d s.— A re s u b je c t t o call, begin n in g O c t . 1 191 3, a t 105 an d Int.
E A R N I N G S .— F o r y e a r en din g D ec 31 1908, gross, $38 5,16 5; n et o v e r
ta x e s , $22 2,93 2; o th e r in c o m e , $31 ,717 ; to ta l n e t, $25 4,64 9; In 190 7, gross,
$3 6 8 ,6 7 1 ; net o v e r ta x e s , $ 18 4,01 0; o th e r In co m e , $21 ,301 ; total n et,
$ 2 0 5 ,3 1 1 .
.R O A D .— Operates street railways In Fairm ont, W . V a ., and also In
Clarksburg, W . V a ., and an Interurban line of 27 miles connecting the two;
with various small branch lines; total, 43)^ miles of track. Standard
gauge; 70 and 85-lb. T rail.
O F F I C E R S .— P res., S. L . W a ts o n ; V . - P . , C. W . W a ts o n ; S ec. an d T r e a s .,
W a lton M iller; G en. M g r.. G eo. T . W a ts o n .— V . 7 6 , p . 1406; V . 7 7 , p . 050:
V . 80, p . 600; V . 86, p . 1343; V . 87, p . 480 , 544.
FARGO, NORTH DAKOTA,
FAR GO & M O OR EH EAD STREET R Y . CO.— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d
1904 In N o rth
D a k o ta . S t o c k ,
$ 3 0 0 ,0 0 0 ($100) Issued.
B o n d s a u th o riz e d an d o u ts ta n d in g , $ 20 0,00 0
($500) 2 0 -y ea r 5 % 1st m tg e . and $10 0,00 0 ($500) 6 % 20-year 2d m tg e .;
b o th Issues d u e 1925; Int. J -J an d s u b je c t t o call a fter 5 years a t 105; p rin
cip al a n d ln t. p a y a b le In g o ld . 1st m tg e . b o n d s at S tate Bank o f C h ica g o ,
tr u s te e , 2 d m tg e . b o n d s a t N o rth w e ste rn T r u s t C o ., S t. P a u l, M in n ., tru stee.
E a rn in g s fo r 1908, g ro ss, $ 9 5 ,0 0 0 : n e t, $ 4 5 ,0 0 0 . O perates 13 m iles b e tw e e n
F a rg o , N . D ., a n d M o o rh e a d , M in n . S ta n d a rd g a u g e , 7 0 -lb . T .r a ll.
P r e s ., L . B . H a n n a , F a rg o .
rm
FISHKILL-ON-THE-HUDSON, N. Y.
F I S H K IL L ELEC TR IC R A I L W A Y CO.— A trolley road
9 L ea ses th e C itizen s' S tre e t R R . L ig h t & P o w e r a t a rental o f $8,225 p e r
annum .
STOCK A N D BO N DS.
D a te .
In terest. O utstanding.
M atu ritu .
......................... ..
$50,000 .
S to c k , $ 5 0 .0 0 0 ...............
F irst m o r tg a g e , $ 5 0 ,0 0 0 ______ 1895
6 J -J
50,000
J u l y 'l o i S
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1908, gross, $49,700; n et.
$9 ,9 3 1 ; ch arges, $12,589; d e ficit, $ 2 ,6 5 8 .
R O A D . — O w ns 4*4 a n d leases 3 m iles. T o ta l 7 H m iles.
O F F I C E R S .— P re s., Jo h n T . S m ith ; V .- P ., W . J . C on k lin ; S e c ., W . H .
S o u th a rd ; T r e a s ., G . W . P a tte rso n
[V O L . L X X X V III.
FITCHBURG, MASS.
F IT C H B U R G & L E O M IN S T E R S T R E E T R Y .
In A p ril 1905 a b s o r b e d th e L eom in ster S h irley A A y e r S treet R y . th r o u g h
e x ch a n g e o f s t o c k , share fo r share. V . 8 0 , p . 1478.
In S e p t. 1907 M ass.
R R . C om m ission sa n ction ed Increase In s to c k fro m $ 45 0,00 0 t o $ 70 0,00 0.
N ew s to c k t o be Issued a t 110. C o m p a n y th en p e titio n e d C om m ission to
a llo w sto ck to b e Issued a t 100 (V . 8 5 . p. 7 2 2 ), b u t in S e p t. 1908 C o m m is
sio n d e n ie d a p p lic a tio n .
V . 87. p . 812.
S T O C K , B O N D S , E T C .—
D a te.
In terest. O utstanding.
M a tu ritu .
$ 45 0,00 0
S ee t e x t
S to c k (a u , $7 0 0 ,0 0 0 ; p a r , $ 1 0 0 ) ...........................
F itc h A L e o 1st m tg e ($500) ,\ 1897
5 A -O
150 ,000 A p ril 1 1917
$15 0 ,0 0 0
.............................c f In terest a t F irst N a tio n a l B a n k , B o s to n .
F itc h & L e o c o n m tg e , $350,-1 1901 4 ^ F -A
150,000 F eb 1 1 9 2 1
000 ($ 1 ,0 0 0 ) ........................ J In t. a t B o s to n S afe D e p . A T r . C o ., T ru stee.
L S A A 1st m tg e , $ 1 0 0 ,0 0 0 , f 1905 5 g F -A
100,000 F eb 1 1 9 2 1
g o ld ($ 1 ,0 0 0 )............. ......... c-M In t. a t B o s to n S afe D e p . & T r . C o ., T ru stee.
.
„
„ l G u a r - P & L b y F itc h . & L c o m . S t. R y .
C u rren t liab ilities S e p t. 30
1908
574.151
.......
B o n d s .— O f th e n e w c o n s o l, m t g e ., $ 1 5 0 ,0 0 0 are reserved t o retire th e
1st m tg e . a t m a tu r ity .
D I V I D E N D S .— F o r m a n y years u p t o an d Inclu din g 190 0-1 901. &%• In
1 9 0 1 -0 2 , 6 % ; In 190 2-0 3, 6 % ; In 1 90 3-0 4, 6 % ; In 190 4-0 5. 6 % ; in 190 5-0 6,
6 % ; In 190 6-0 7, 6 % ; In 190 7-0 8, 6 % .
R O A D .— O w n s 4 0 .7 m iles o f t r a c k .
R o a d e x te n d s t o L e o m in s te r,
L u n e n b u rg , S h irley and A y e r .
27 closed passen ger ca rs, 26 o p e n passenger
cars and 5 sn ow p low s.
E A R N I N G S .— F o r years e n d in g S e p t. 3 0 :
1908.
1907.
1908.
1907.
$260,468 D iv id e n d s p a i d . . $27,000
G ross .....................$ 25 1,17 5
$ 27 ,000
N e t ........ .............. - 127,701
126,913 B a la n ce , surplus fo r
I n t ., ta x e s , A c . .
9 6 ,319
92,064
y e a r --------------4,382
7,849
O F F I C E R S .— P r e s ., H . A . W illis ; V . - P . , H . I . W a lla ce ; C lerk an d C ou n
sel. C. F . B a k er; T r e a s ., R . N . W a llis; S u p t. a n d P u rc h . A g e n t , W . W .
S a rg e n t, a ll o f F itc h b u r g .— V 7 2 , p . 87; V . 8 0 , p . 1478; V . 8 5 , p . 468 , 722;
V . 87, p .8 1 2 .
__________ t
__________
FOND DtT l AC, WIS.
E A S T E R N W IS C O N S I N R Y . & L I G H T .— T r o lle y .
S am e Interests c o n tr o l W isco n s in E le c tr ic R y . (V . 8 7 , p . 3 4 6 ). See
la tte r u n d er O sh kosh .
O R G A N I Z A T I O N .— In c o r p o r a te d in W isc o n s in In S e p t. 1903 as a c o n
s o lid a tio n o f th e F o n d d u L a c S t. R y . A L ig h t C o. a n d th e F o n d d u L a c A
O sh k osh E le ctric R y . C o . C om prises th e en tire street r a ilw a y , ele ctr ic
lig h tin g a n d gas pla n ts In F o n d d u L a c.
F ran ch ises e x p lr o In 1951. H as
c o n t r a c t w ith c it y o f F o n d d u L a c t o ligh t stre e ts, e x p ir in g In 1913.
ST O C K A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k , $500,000 ($ 1 0 0 )......................................... .........
$ 5 0 0 , 0 0 .......................
F o n d du L a c S t R y A L m tge ] ____
5 g J -J
192,500
1920
$25 0,00 0 ($ 1 ,0 0 0 ), g . . r & c * j l n t . a t M ilw au kee T r u s t C o ., T ru stee.
1st m tg e , $ 1 ,5 0 0 ,0 0 0 , g o ld ! 1903
5 g A -O
7 2 ,0 0 0 O ct 1 1 9 2 3
($1,000) ........................ — c * J In tc rc s t a t M ilw au kee T r u s t C o ., T ru stee.
B o n d s.— $525,000 are reserved fo r Im p ro ve m e n ts a t 9 0 % o f c o s t a n d
$21 2,00 0 fo r p rior Hens. B o n d s are s u b je c t t o call o n a n y Interest d a te a t
103 a n d Interest u p o n s ix m o n th s ’ n o tice . T h e F o n d d u L a c S t. R y . A L .
b o n d s c a n n o t be c a lle d . T h e y are g u a ra n te e d , p . & 1., b y th e E a stern
W Is. R y . A L t. C o.
R O A D — O perates 25 m iles o f tr a c k In F o n d d u L a c an d b e tw een F o n d
d u L a c an d O sh kosh. 7 0 -lb . T rails.
E A R N I N G S .— F o r y ear e n d in g D ec. 31 190 7, gross, $ 2 1 8 ,6 1 1 ; n e t. a fte r
ta x e s , $83 ,855
In 1906, gross. $ 18 9,99 6; n e t a fte r ta x e s, $73 ,6 5 8 .
O F F I C E R S .— P re s., C. C. S m ith ; S e c ., II. F . W h itc o m b J r.; T r e a s .,
W m . E . Cole; G en. M gr., R . T . G u n n .— V . 8 1 , n . 668 , 1)74; V . 83. p . 1347;
V . 8 6 , p . 1529; V . 87. p . 346.
FORT DODGE, IOWA.
F O R T D O D G E D E S M O IN E S & S O U T H E R N R R .— S e e "R a ilr o a d an d
In d u s t r ia l” s e c tio n ,
FORT SCOTT, KAN.
T H E FO R T SC O T T G A S & E L E C T R IC CO .
O R G A N I Z A T I O N .— I n c o r p o r a te d In K an sas In 190 0, an d Is s u ccessor
t o th e F o r t S c o t t E le c tr ic L ig h t A P o w e r C o ., C itizen s’ E le c tr ic S treet R y ..
F o r t S c o t t S team H e a tin g C o . a n d F o r t S c o t t G as C o . F ra n ch ise exp ires
A p ril 23 1922.
STOCK AN D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k , $30 0,00 0 ($ 1 0 0 ).................................................
$ 3 0 0,00 0
.............
1st m o rtg a g e , $2 5 0 ,0 0 0 , g o ld ? 1903
5 g A -O
2 00 ,000 A p ril 1 1922
($ 5 0 0 ), sin kin g fu n d
. c * ) l n t . a t C h ic a g o T itle A T ru s t C o ., T ru stee.
B o n d s.— O f the $25 0,00 0 a u th o r iz e d , $5 0 ,0 0 0 are reserved fo r e x te n s io n s .
A re s u b je c t t o call o n A p ril 1 1908 at 105 a n d Interest. T h e foU ow ln g
a m o u n ts are p a y a b le a n n u a lly t o a sin kin g fu n d .
In 1008 an d 1909, $3,500
p er an n u m ; In 1910 a n d 191 1, $ 4 ,000 p e r a n n u m : In 1912 an d 1913, $4,500
p er an n u m ; in 1914 an d 1 91 5, $ 6,000 p e r a n n u m ; In 1916 a n d 191 7, $7,000
p er a n n u m , and fro m 1918 t o 1921 In clu sive. $ 10 ,000 p e r a n n u m .
E A R N I N G S .— F o r ca le n d a r y e a r 1905, g ro ss, $ 6 8 ,6 4 7 ; n e t. $ 3 1 ,4 6 7 ;
fixed ch arges, $13 ,4 8 7 ; surplus, $17 ,9 8 0 .
R O A D .— 7 m iles o f tra ck In F o r t S c o t t .
G a u ge , 4 f t . ; 4 5 -lb . T -ra n s .
O F F I C E R S .— P re sid e n t, G ra n t H o rn a d a y ; V . - P . . O. F .
M artin ;
S e c .. F . A . H o rn a d a y ; T r eas. an d S u p t., F . D . M a r tin .— V . 7 7 . p . 1294.
FORT SMITH, ARK.
F O R T SM IT H L IG H T & T R A C T IO N C O .
...............
In J u ly 1906 a large b lo c k o f th e s to c k c h a n g e d h a n d s. V . 8 3 , p . 213.
O R G A N I Z A T I O N .— In co rp o ra te d In A rk a n sas o n A p ril 13 1903 as a
co n so lid a tio n o f the F o r t S m ith -V a n Buren L ig h t & T ra n sit C o and the
F o rt S m ith T ra ctio n L igh t A P o w e r C o .
D o e s th e en tire e le ctric lig h t,
gas and street railw ay business o f th e c it y and the clc c tr lc -llg h t and gas
business o f V an B u ren . Street r a ilw a y , gas and clectrlc-H ght franchises
exp ire In 1955.
.
,
„
_
STOCK AN D BON DS—
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n , $950,000 ($ 1 0 0 ).............................................
* 2 2 9 ’929 .......................
P re f. $65 0,00 0 ($ 1 0 0 ), see t e x t .......................^ ...............................................................
C on sol m o rtg a g e , $ 1 .5 0 0 ,0 0 0 , ( 1904
5 g Q -M 15 1,110 000 D e c 15 1944
g o ld ($1,000) .
c * ( I n t . at C en t. T r . C o ., o f 111., C h ic ., T ru stee
1
'*■ ’
’ ....................
IF lrst N a t. B k ., B o s t ., o r 1st N a t. B k .. N .Y .
1st m o rtg a g e , $ 3 0 0 ,0 0 0 , g o l d ,/ 1903
5 g M -N 15
200 ,000 M ay 1 1 9 3 3
( $ 1 , 0 0 0 ) ...................................c l In t. a t S t. L o u is U n io n T ru st C o ., T ru stee.
C o u p o n n otes g o l d ____________ 1 ------.
$15 6,90 0 ......................
} K n ic k e r b o c k e r T ru st C o ., tru stee.
Stock and B o n d s.— T h e preferred s to c k Is 5 % an d Is c u m u la tiv e a fter
Jan . 1 1907. F irst m tg e . b o n d s h a v e n o sin k in g fu n d , b u t aU o r a n y p a rt
o f b o n d s s u b je c t to call a fte r o n e y e a r u p o n a n y Interest d a te .
O f th e $1,$50 0,00 0 new co n so ls. $20 0,00 0 are reserved fo r p rior Hens an d $19 0,00 0 are
d e p o site d as s e cu rity fo r a b o v e co u p o n n o te s . T h ese b o n d s are s u b je c t to
call at 102 and Interest a fter 5 ye a rs. A sin k In a fu n d o f $ 15 ,000 p e r ann um
co m m e n ce s D e c. 15 1914. V . 80, p . 996. T h e c o u p o n n otes are red eem
ab le a t 105.
E A R N I N G S .— F o r ca le n d a r y e a r 190 8, g ro ss. $ 3 3 5 ,5 1 3 ; n e t, $140;056
Interest. $ 8 2 .5 0 0 : su rplu s, $58 ,4 5 6 .
„
„
, _
_
R O A D .— O perates 2 2
m . o f tr a c k o n 12 m iles o f streets In F t . S m ith
an d su b u rb s. S tan d ard ga u g e , 5 6 -lb . an d 6 0 -lb . T rail. 46 cars. O w n s a
p a rk o f 107 acres. A ls o gas w ork s fo r dis trib u tin g natural and artificial gas,
w ith a b o u t 55 m iles o f m ain s; an d e le ctric p o w e r a n d lig h tin g p la n t— g e n
eratin g c a p a c ity a b o u t 1,880 horse p o w e r a n d p o le line o f a b o u t 60 mHes.
O F F I C E R S .— P r e s ., A . S . H u e y ; V .- P ., H . M . B y lle s b y ; S e c .. Jas. Brlznolara; T r e a s ., G eo. Sengel: G en . M g r., J . W . G ille tte ; A u d ., N . I . G arrison.
M grs., H . M. B y lle s b y A C o . I n c — V . 83, p . 2 13; V . 8 8 , p . 505.
FORT WAYNE, IND.
F O R T W A Y N E & W A B A S H V A L L E Y T R A C T I O N C O .— A tr o U e y r o a d .
C o n tro lle d b y th e sam e Interests as the In d ia n a U n ion T r a c tio n , th e O h io
E le c tr ic R y . a n d th e T erre H a u te In d ia n a p o lis A E astern.
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a o n M ay 29 1903 as th e
F o r t W a y n e L o g a n s p o r t L a fa y e tte A L im a T raction C o ., b u t n a m e w as
ch a n g e d to a b o v e o n F e b . 17 1904.
Is a c o n s o lid a tio n o f th e F o r t W a y n e
T r a c tio n C o ., th e L a fa y e tte Street R y ., th e L o g a n s p o rt R y . C o ., th e L og a n s
p o r t R o ch e s te r A N o rth e rn T r a c tio n C o ., th e W a b a sh R iv e r T r a c tio n C o .
an d th e W a b a sh L o g a n s p o rt T r a c tio n C o.
In O ct. 1904 p u rch ased th e F t .
W a y n e A S ou th w estern T ra e . C o ., w h ich h ad p re v io u s ly acq u ired th e F t .
W a y n e E le c. L t . A P o w e r C o.
In J u ly 1908 p u rch a sed th e F o r t W a y n e
P o w e r C o . See V . 79, p 1955, 214 7. O w ns en tire c a p ita l s to c k o f th e .
F t . W a y n e B lu ffto n A M arlon T r a c tio n C o. a n d en tire ca p ita l s to c k ($ 5 0 0 ,
000) o f L a fa y e tte A L o g a n s p o rt T r a c tio n C o ., w h ich sec b e lo w . F ran ch ises
e x p ire fro m 1035 t o 1091, b u t so m e are p e rp e tu a l.
47
ELECTRIC RAILWAYS
F e b ., 1909.]
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 )........................................
$ 6 ,0 0 0 ,0 0 0 .......................
P r e f, s e ete x t, $1 ,5 0 0 ,0 0 0 ( $ 1 0 0 )
..
1 ,5 0 0 ,0 0 0 - - - - - - - - -
1st con s m tg e
$ 7 ,5 0 0 ,0 0 0 ,/ 1904
5 g M -S
6 , 9 0 6 , 0 0 0 M ch 1 1 9 3 4
g o ld ($ 1 ,0 0 0 ).......................c * ] I n t . a t T r . C o . o t N o . A m e r ic a . P h lla .. T r u s t.
N e g o tia b le b o n d s $ 1 ,0 0 0 .0 0 0 ./ 1909
6%
(7)
*eb
1 1934
(G u a r. T r . & S afe D e p . C o ., P h lla ., tru ste e .
1901
5 g F -A
275 ,000
1931
W a b a s h R lv T r C o 1st m tg e ,
$350,000 ($ 1 ,0 0 0 ), g ____ c* I n t. a t N . H a v e n T r . C o ., N . H a v e n , T ru stee.
4 g A -O
2 9,000
1929
F t W a y n e T r m tg e $ 1 ,5 0 0 , 1899
000, g old ($ 1 ,0 0 0 )............. c* I n t . a t G u a rd . T ru st C o ., C le v e la n d , T ru s te e .
6 J -D
225 ,000 Ju n e 1 1913
L a fa y e tte S t R y 1st m tg e , 1893
______________
($1,000
e a c h__
), ______________I
$ 2 2 5 ,0 0 0 .c*1 n t. a t R e a l E sta te T ru st C o ., P h lla .. T ru ste e
S tock .— T h e preferred s to c k Is 5 % c u m u la tiv e a fte r D e c. 1 1906 an d m a y
b e redeem ed a fter N o v . 30 1914 a t p a r a n d u n p a id d iv id e n d s . See V . 79,
p . 2747.
B o th c o m . an d p re f. are listed o n P h ila d e lp h ia S t o c k E x ch a n g e .
Hon I s .— o r to e new m tge . fo r $ 7 ,5 0 0 ,0 0 0 , $ 53 4,00 0 arc reserved to retire
u n d erly in g liens. See V . 78, p . 201 1. In a d d itio n t o b o n d s n o te d a b o v e ,
th ere are $ 3 ,5 0 0 b o n d s o f th e L o g a n s p o r t R y . ou tsta n d in g . T h e new
con sols o f 1904 are n o t s u b je c t t o call b e fo re m a tu r ity . T h e W a b a s h m lv e r
T r a c tio n C o. 5s o f 1901 are s u b je c t t o call a t a n y tim e a t 105 an d Interest.
F irst c o n s o lid a te d m ortg a g e b o n d s are listed o n P h lla . S to c k E x ch a n g e .
R O A D .— O perates 170 m iles o f m ain tr a c k , c o m p ris in g th e Inside lin es
In F t. W a y n e H u n tin g to n , P e ru , W a b a s h an d L o g a n s p o r t, a n d th e in te r
u rb a n ro a d c o n n e c tin g th o se cities; also th e c it y lines In L a fa y e tte .
A n ex
ten sion t o L a fa y e tte has be e n b u ilt b y th e L o g a n s p o rt & L a fa y e tte T r a c tio n
C o . , w hich is co n tr o lle d b y this c o m p a n y . T o ta l tr a c k . In clu din g co n tr o lle d
c om p a n ies a n d sid in gs, 2i>5 m iles. A t L o g a n s p o r t, P eru , W a b a s h an d Blultt o n c o n n e c tio n Is m ade fo r In d ia n a p o lis o v e r tra ck s o f In d ia n a U n ion T r a c
t io n C o. In M a y 1006 began th ro u g h service betw e e n F t . W a y n e an d I n
d ia n a p o lis o v e r tra ck s o f In d ia n a U n io n T r a c tio n C o . See V . 8 2 , p . 1101
R a lls , 6 0 , 7 0 , 7 2 , 80 and 9 0 -lb .
I n O ct. 1907 b egan o p e ra tin g cars betw een
F t . W a y n e a n d L a fa y e tte .
O w ns 3 p o w e r houses an d 4 pleasure p a rk s.
H a s 81 clo s e d and 88 o p e n cars an d 117 m o to r e q u ip m e n ts . C on trols
en tire ele ctr ic lig h t a n d p o w e r business o f F t . W a y n e .
R E P O R T .— F o r ca len d a r years e n d in g D e c . 31:
1908.
1907.
1906.
1905.
G ross e a r n i n g s ___________$ 1 ,3 2 2 ,6 3 5
$1,28 3 ,7 2 2
$1 ,1 0 9 ,0 3 2
*949 ,298
O p era tin g e x p e n s e s ..........
737 ,134
7 46 ,036
6 76 ,846
580,832
O th er Incom e
$585,001
85
$537,686
59
$ 4 3 2,18 6
160
$36 8,46 6
199
F ix e d c h a r g e s ______
$585,586
4 88 ,756
$53 7,74 5
42 7 ,3 1 5
$43 2,34 6
364 ,232
$36 8,66 5
3 17 ,859
$50,806
$68,114
$96 ,830
$ 1 1 0,43 0
S u r p l u s __________
O F F I C E R S .— P r e s ., J . L e v e rin g J o n e s ; 1st V . - P . , Charles M . M u r d o c k :
2d V .- P ., H u g h J. M cG ow an : S e c ., H e n r y R a in e y ; T r e a s ., H e n ry C. P a u l.
. D I R E C T O R S .— R a n d a l M orga n , J . L e v e r in g J o n e s, J o h n J . C ollier and
H o w a r d H . H e n r y o f P h ila d e lp h ia ; H e n r y C. P aul an d Jo h n B a rrett o f
F t . W a y n e ; an d Charles M . M u rd o ck o f L a fa y e t t e , a n d H u gh .1. M cG o w a n ,
In d ia n a p o lis .— V . 8 2 , p . 1101; V . 83, p . 37; V . 8 7 . p . 1533; V . 8 8 , p . 374 .
(1)
F t . W a y n e B lu ffto n & M arion T r a c tio n C o .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In A p ril 1905. S to c k a ll o w n e d b y
F t . W a y n e <fc W a b a s h V a lle y T r a c tio n C o ., w h ich gu aran tees th e b o n d s ,
prln . a n d In terest. Is leased to g u a ra n to r fo r 99 years. F ra n ch ise m f t .
W a y n e , 35 years: In B lu irton an d O sslan, 50 years: o th e rs p e rp e tu a l.
STOCK A N D BO N D S—
D a te.
In terest. O utstanding. M a tu r ity .
C o m m ii, $ 3 0 0 ,0 0 0 ...........................................................
S e e t e x t ........................
P re fe rre d , $ 25 0,00 0 ............................................ ............
tT ' V I S U
1st m tg e ,
$ 4 0 0 ,0 0 0 , g o ld l 1905
5 g J -J
$ 40 0,00 0 J u ly 1 1935
($ 1 ,0 0 0 ), g u ar ......................./ I n t . a t G u a r .T r . & S . D . C o .. P h lla ., T ru s te e
R O A D .— C om prises 23 m iles o f tra ck b e tw e e n F t . W a y n e a n d B lu llto n .
7 0 -lb . ra ils.— V . 8 1 . p . 507.
(2) L a fa y e tte & L o g a n s p o r t T ra ctio n C o .—
. t
O R G A N I Z A T I O N .— In c o r p o r a te d In 1906 In In d ia n a .
A ll th e sto ck
Is o w n e d b y th e F t . W a y n e & W a b a sh V a lle y T r a c tio n C o ., w h ich
gu aran tees th e b o n d s, prin cip a l an d Interest.
N ea rly all p riv a te rig h t o f
w a y ; fra n ch ise In L a fa y e tte , 50 ye a rs; In L o g a n s p o r t, 92 ye a rs; o th e rs
F o r t W o r t h t o D a lla s, a d ista n ce o f 30 m iles. In 1902 p u rch a sed th e D allas
& O a k C liff E le c tr ic R y . a n d re d eem ed t h a t c o m D a n y ’ s b o n d s; also a cq u ired
th e G le n w o o d & P o ly te c h n ic C ollege S tre e t R y . F ra n ch ise In F o r t W ortn
e xp ire s In 1973; In D allas In 1945 a n d 192 0; o th e rs b e tw e e n 1945 a n d 1950;
has p r iv a te rig h t o f w a y o u tsid e o f c itie s.
In M a y 1908 Increased s to c k
fro m $ 2 ,5 0 0 ,0 0 0 t o $ 3 ,0 0 0 ,0 0 0 a n d also Issued $ 50 0,00 0 n o te s (w h ich see
b e lo w ).
V . 86. p . 1225.
,
STOCK AN D BO N DS—
D a te .
In terest. O utstanding.
M a tu r ity
Q -F
$ 3 ,0 0 0 ,0 0 0 - - - - - - - - -
S to c k $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ).........................
F irst m o r tg a g e
$2,500,0001 1903
5 g J -J
2 ,5 0 0 ,0 0 0 J a n . 1 1933
($1 ,0 0 0 ) g o ld — n o s ln k ln g lln t . a t C itizen s’ S a v . & T r . C o ., C le v e ., T ru s.
________ c*J
o r a t T r u s t C o . o f A m e r ic a . N ew Y o r k .
f u n d ____
N otes $50 0 ,0 0 0 ($500 and\ 1908
6
M -N
$ 50 0,00 0 M ay 1 1911
$1,000) __________________ c f l n t . a t C ity T r u s t C o .. B o s to n , T ru stee.
B o n d s .— 1st m tg e . b o n d s are s u b je c t t o call as a w h o le on Jan . 1 1908, on
J a n . 1 1913 a n d o n a n y Int. d a te a fte r 1913 at 105 a n d in t.
N o fu rth e r m tg e.
ca n b e p la c e d o n p r o p e r t y w ith o u t e q u a lly se cu rin g a b o v e n otes.
R O A D A N D E Q U IP M E N T .— O w ns a n d o p e ra te s 8 2 .8 7 m iles o f tra ck in
F t . W o rth an d D allas Inclu din g an ln te ru m a n lin e D etw een the). . A ll
tracks In F t . W o r th h a v e b een re-Iald w ith 60 a n d 7 2 -lb . rails. F o r Inter
u rb a n use 7 0 -lb . T rails, sta n d a rd gau g e; 113 cars.
FREDERICK MARYLAND.
F R E D E R IC K & M ID D L E T O W N R A I L R O A D .— A t r o lle y r o a d .
In 1907 th e F re d e rick In te ru rb a n R R . w as In co rp o ra te d fo r th e p u rp o s e
o f co n s o lid a tin g th is c o m p a n y an d th e JefTerson & B r a d d o c k H eigh ts R R .
T h e n ew c o m p a n y . It Is t h o u g h t , w ill h a v e a c a p ita l o f $ 1 ,0 0 0 ,0 0 0 , an d w ill
Issue $ 1 ,0 0 0 ,0 0 0 b o n d s . See V . 8 4 , p . 142 7. C o m p a n y n o . y e t o rg a n iz e d ,
n o r has It a c q u ir e d a n y p r o p e r t y .
................... ...
„
O R G A N I Z A T I O N .— Is su cce sso r In 1906 t o th e F re d e rick & M id d letow n
E lectric R y . T h e o ld c o m p a n y In A u g . 1901 leased th e M yersville &
C a to ctln E le c tr ic R y . fo r 10 yea rs fro m F e b . 1 190 4, o n w h ich d a te th e o ld
lease e x p ir e d .
F o r term s o f lease see V . 7 3 , p . 287.
STOCK AN D BO N D S—
D a te .
In terest. Outstanding.
M a tu r ity .
S to c k , $ 2 5 0 ,0 0 0 ..................................... ............................
$25 0,00 0 .......................
F irst
m o rtg a g e ,
$ 2 5 0 ,0 0 0 ] 1906 5 g J -J
25 0 ,0 0 0
1936
g o ld ($ 1 .0 0 0 )_____________ c jF id e ll t y T ru st C o ., B a ltim o re , T ru ste e .
B o n d s are s u b je c t t o call a t 105 a t a n y Interest p e rio d .
R O A D .— F re d e rick t o M id d le to w n . 9 m iles; w h ic h , w ith th e lease o f the
M yersville & C a to c tln E le c tr ic .M yersville t o M id d le to w n , 5 H m iles, m akes
a to ta l o f 14
m iles o p e r a te d .
O F F I C E R S .— P re s ., E m o r y L . C o b le n tz ; V . - P . , W . L . C o o n e y ; S e c ..
E . W . H a rth o a l; T r e a s ., T h o s . H . H a lle r .— V . 8 4 , p . 1427.
W A S H IN G T O N F R E D E R IC K & G E T T Y S B U R G R Y — A t r o lle y r oa d .
O R G A N IZ A T I O N .— liici rp o ra te d in l s 9 » In M aryland b y A c t o f G en
eral A s s e m b ly a m e n d e d In 1900 a n d 1906.
In 1908 leased th e M o n a c a c y
V a lle y R R . , all o f w h o s e s to c k ($20,000) It o w n s .
STOCK A N D BON DS—
D a te.
In terest.
O utstanding.
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 5 0 ) .......................................... ..
$ 1 5 0 ,0 0 0 .......................
1st m tg e , $40 0,00 0 ($ 1 ,0 0 0 ,/ 1907
5 g M -N
172,000 M ay 1 1937
$500 and $ 1 0 0 ), g . . . c & r l In t. a t B a lt. T r . & G u a r. C o .. B a lt ., T ru ste e .
M o n o ca cy V a lle y 1st m t g e l 1908
5 g J -J
3 0 ,0 0 0
1925
$30 ,000 ($500) g o l d ___ c& rJ S te ln e r S c h le y a n d L . R . W a ls ch e , tru stees.
B o n d s.— T h e W . F . & G . b o n d s are s u b je c t t o call o n a n y Int. p e r io d o n
60 d a y s ’ n o tice at 105 a n d Int. A sin kin g fu n d starts J a n . 1 1911. T h e
M o n o c a c y V a lle y b o n d s are red e e m a b le a fte r o n e y e a r a t 60 d a y s ’ n o tice at
p a r. N o sin k in g fu n d .
In te re st p a y a b le in F r e d e r ic k .
R O A D .— Is to o p e r a te a b o u t 25 m iles o f r o a d fro m F r e d e rick t o E ram ltts b u rg , v ia T h u r m o n t.
18 m iles are In o p e r a tio n b e tw e e n F re d erick
an d T h u r m o n t. S ta n d a rd g au g e; 7 0 -lb . T rail.
__
O F F I C E R S .— P re s.
D . C o lu m b u s K e m p : S e c .. C harles C . W a te r s ;
T r e a s ., F ran klin B u ch a n a n S m ith ; A u d . & G en . M g r ., A . C . M c B r id e ,
all o f F r e d e r ic k .— V . 85 v . 601. 7 2 3 . 922.
* eir O O K A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity
S to c k S500 000
__________$500 000 - ___________
F irst m o r tg e . $l"666,Vo*o"gol"d \ 1906
5 g J -D
9 0 0 , 0 0 0 J u n ^ 1936
($ 1 ,0 0 0 ) g u ar p r l .& ln t c* | In t. at G u ar. T r . & S . D . C o . P h lla ., T ru ste e .
B on d s.— R em a in in g $10 0,00 0 are reserved fo r e x te n s io n s , b e tte r m e n ts ,
A c ., at 8 5 % ot c o s t.
.
_ .
_
R O A D .— O perates 35 V, m iles o f tra ck fro m L a fa y e tte , v ia D elp h i t o
L o g a n s p o r t.
7 0 -lb . rails.
W a s c o m p le te d J u ly 1 1907.
V . 8 7 , p . 166:
V . 8 8 . p . 375 .
F O R T W A Y N E & S P R I N G F I E L D R A I L W A Y C O — A tr o lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d J u ly 2 1903 In In d ia n a .
In A p ril
1908 Increased s to c k fro m $50 0,00 0 to $ 1 ,0 0 0 ,0 0 0 ,t o p r o v id e fo r c o s t of
exten sion t o Berne, In d . V . 86. p . 1042.
. . . . . .
STOCK A N D B O N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n , $ 1 , 0 0,000 ($ 1 0 0 ).................................. ..
1st m ortg a g e, $309,000 g o ld l 1906
5 8 J -D
21,000 Jun e 1 1926
( $ 1 , 0 0 0 ) ................................c * /I n t e r e s t a t C leveland T r u s t C o ., T r u s te e .
B o n d s .— A re s u b je c t t o call a t 105 o n a n y Interest d a y .
E A R N I N G S .— For first 12 m on th s o t o p e ra tio n en d in g J a n . 31 1908,
gross, $42 ,088 : n e t, $22 ,194 ; fixed charges, $ 9,875; su rplu s, $ 12 ,319 .
R O A D .— O perates 21.6 m iles betw een D e ca tu r an d F t. W a y n e .
T o ta l
track 23.7 m iles. 7 0 -lb . T rail; gauge 4 ft. 8 H In. A n e x te n s io n fro m
D eca tu r t o B erne (12 miles) w as to be co n s tr u c te d d u rin g 1908.
O F F I C E R S .— Pres, and M g r.. W . H . F le d d e rjo h a n n ; V . - P . . J o h n H .
K e c n lg ; S e c ., B. A . F le d d e r jo h a n n ; T r e a s .. C has. D lr k s o n .— V . 86, p . 1042.
FORT WORTH, TEXAS.
C IT IZ E N S ’ R A I L W A Y & L IG H T C O .— S treet ra ilw a y a n d e le ctr ic ligh t.
O R G A N I Z A T I O N .— I n c o r p o r a te d In T e x a s A u g . 28 1906 as a c o n s o li
d a tio n o f th e C itizen s’ L ig h t & P o w e r C o . o f F t . W o r t h , th e A r lin g to n
H eigh ts S treet R y . and th e F t . W o r th & R o s e n H eigh ts Street R y . C o .
V 85. p. 30.
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )............... ...............................
$ 1 ,0 0 0 ,0 0 0 . . . . . . . . . .
F irst m o r tg a g e , $1 0 0 0 ,0 0 0 / 1906
5 g F -A
5 11 ,000 A u g 1 1926
($ 1 ,0 0 0 ). g o l d .................._ c * iI n t . a t C itizen s’ S a v .& T r .C o .. C le v .. T ru s.
B on d s.— S u b je c t t o call o n o r be fo re A u g . 1 1909 a t par an d Int. an d on
a n y Int. d a te th ereafter a t 105 an d Int.
U nissu ed b o n d s are re se rve d fo r
b e tte r m e n ts . N o sin k in g fu n d .
. . . .. ..
E A R N I N G S .— For 12 m on th s e n d in g D e c. 31 1908, gross, $ 2 4 6 ,6 6 4 ;
en cr. expen ses and ta x e s. $18 6,82 0; n et, $59 ,8 4 4 .
..................
R O A D .— O perates 1 3 H m iles o f tra ck In F t . W o r t h , In clu d in g lines
ru n n in g t o A r lin g to n H eigh ts an d R o se n H e ig h ts. G a u g e , 4 f t. 8 H In.;
( 6 - l b .T an d 7 0 -lb . gird er rail. O w ns an d o p e ra te s clc c tr lc -llg h tln g p la n t.
O F F I C E R S .- P r e s . . W arren B lck n cll; V .- P .. W . O . A lle n : T r e a s ., J . F .
H arp er; S e c . an d G en. M g r., A . J . D u n ca n J r .— V . 85, p . 530.
N O R T H E R N T E X A S E L E C T R IC C O .— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In M aine In D e c . 1905 a n d a ca u lre d
s to c k o f th e N orth ern T e x a s T raction C o.
.
„
.
STOCK A N D BON DS—
D a te.
In terest. O utstanding.
L a st D ie .
C o m m o n $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )..................
................. - $ 2 ,5 0 0 ,0 0 0
---------P r e f 6 % n -c $ 2 ,5 00 .000 ( $ 1 0 0 ) . ____
M &S
2 ,5 0 0 ,0 0 0 M c h '0 9 , 3 %
S to c k .— T h e preferred s to c k is re d e e m a b le a t 110.
.
D iv id e n d s .— First d iv id e n d o n p re fe rre d , 1 % , p a id o n M arch 1 1906 and
2 % w as p a id S ep t. 1 1906. In 1907, 6 % . In 1908, 6 % . In 1909, M c h ..3 % .
R E P O R T .— O f c o m b in e d co m p a n ie s fo r 12 m o n th s e n d in g D e c. 31 1908,
g ross, $ 1 ,0 8 0 ,5 7 7 ; n e t, $45 0,52 5; in te re st, $ 18 9,54 1; d iv id e n d s , $14 9,70 0;
su rplu s, $ 1 1 1 ,2 8 4 . V . 8 6 , p . 1043, 1225
,
.
O F F I C E R S .— P res., G u y F . T rip p ; V .- P ., W ilb u r A . C a rter; S e c ., A lvah
K . T o d d ; T r e a s ., H e n r y B . S a w ye r: G en. M g rs., S to n e & W e b s t e r , B o s to n .
— V . 8 5 , p . 469; V . 8 0 , p. 1043
(1) N orthern T e x a s T ra ctio n C o .— A troU ey r o a d .
O R G A N I Z A T I O N .— T h is w as fo rm e r ly th e F o r t W o r t h S tre e t R a ilw a y
C o ., ch a rtered b y th e T e x a s L egislatu re In 1874 fo r 100 y e a rs.
In 1901
a p p lic a tio n fo r a m en d m e n t t o ch arter w as g r a n te d , ch a n g in g its n a m e t o
t o o N o rth e rn T e x a s T r a c tio n C o . T h e T r a c tio n C o . th e n p u rch a se d th e
O lty I R y ., a n a In 1901 o b ta in e d legisla tive perm issio n t o e x te n d Its ro a d fro m
FREEPORT, ILL.
F R E E P O R T R A I L W A Y L IG H T & P O W E R C O .—
O R G A N I Z A T I O N .— F ran ch ises e x p ir e M arch 1 1923.
H as tr a ffic
a rra n gem en t fo r 50 y ears w ith th e R o c k fo r d & In te ru rb a n R y . C o .,
allow in g cars o f th a t c o m p a n y t o e n te r F r e e p o r t. A ls o has c o n tr a c t fo r
CltS T O C K ^ A N D B O N D S —
D a te .
In terest. O utstanding.
M a tu r ity .
C o m m o n $ 20 0,00 0 ($ 1 0 0 ).................................................
$ 20 0,00 0 .......................
P re f 5 % n -c $ 15 0,00 0 ($100)
- ...................................
150 ,000 .......................
First m o rtg a g e $ 3 5 0,00 0 g o l d / 1903
5 g M -N
34(>J)00 See t e x t .
( $ 1 , 0 0 0 ) ................................ c * l A m e rica n T r . & S a v . B k ., C h ic a g o , T ru s te e .
B o n d s.— In terest o n th e a b o v e issue Is p a y a b le a t th e o ffic e s o f R u d o lp h
K le y b o lte & C o . In N ew Y o r k , C in cin n ati a n d C h ic a g o .
B o n d s are s u b je c t
t o ca ll a fte r M ay 1 1913 b y lo t a t 105 a n d Interest.
$1 0 ,0 0 0 h a v e b een
r e tir e d . M a tu rity o f th e b o n d s Is as fo llo w s : $ 5 ,0 0 0 d u e In ea ch o f th e yea rs
191 0, 1912 an d 1913 a n d $ 5,000 a n n u a lly fro m 1915 t o 1921 In clu siv e, th e
re m a in d e r in 1922.
A sin k in g fu n d p r o v id e s fo r th e p a y m e n t o f $ 2 ,0 0 0
per an n . fo r first 10 yea rs a n d $ 5 ,0 0 0 p e r a n n . th e re a fte r.
E A R N I N G S .— F o r ca le n d a r y e a r 1908. gross. $ 8 0 ,8 6 3 : n e t. $25 ,5 3 2 .
R O A D .— O perates 9 m iles o f tr a c k : 60 a n d 9 0 -lb . T rail. S ta n d a rd ga u g e .
O F F I C E R S .— P res, a n d G en . M a n ., A . J . G o d d a r d ; V . - P . , F r e d . D o rm o n ; S e c ., W . N . C ron k rlte; T r e a s ., W . J . S m ith .
FRESNO, CAL.
F R E S N O T R A C T IO N C O .— A tr o lle y r o a d .
,
O R G A N I Z A T I O N .— I n c o r p o r a te d In C a lifo rn ia In 1903 In th e Interest o f
H . E . H u n tin g to n o f L o s A n g e le s, t o b u ild 196 m iles o f e le ctric r a ilw a y . In
clu d in g lines fro m F resn o t o W a w o n a , 79 m iles: F re sn o t o S e lm a , F resn o t o
T r im m e r ’ s S prings and F resn o t o C en tral a n d W a s h in g to n C olon ies.
S to c k h o ld e r s ln l9 0 4 a u th o rize d a m tg e t o s e c u r e $ 5 .0 0 0 .0 0 0 b o n d s. V . 7 8 , p . l 2 2 2
STOCK AN D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity
S t o c k , $5 ,0 0 0 ,0 0 0 ............................................................... , 5 ’0 0 2 i02 2 r t --------- 7,',-------M o rtg a g e . $ 5 ,0 0 0 ,0 0 0 .........................
(T)
5 8 ,0 0 0
(?)
F resn o C ity R y first m t g e / 1902
6 g J -J
150 ,000 J a n . 1 1922
$ 15 0,00 0 g o ld ($ 1 ,0 0 0 ) . . c * l C a l . Safe D e p . 6s T r . C o .. S an F r a n ., T ru s te e .
B o n d s .— F resno C ity b o n d s h a v e a sin kin g fu n d o f $ 3,000 per annum lo r
first 2 ye a rs, $ 5 ,000 per ann um fo r n e x t 5 years an d $ 7,500 p e r an n u m for
n e x t 10 ye a rs, co m m e n ce s o n J a n . 1 1905.
B o n d s c a n n o t b e c a lle d .
In tcrest p a y a b le In N ew Y o r k an d S an F ra n cis c o .
R O A D — T h e o ld F resno C ity R y . (w h ich th e F resn o T r a c tio n o p era tes
u n d er lease) has 15 m iles o f tra ck In a n d a b o u t F re s n o . S ta n d a rd g a u g e .
6 1 -lb . t rail.
. ______ _
„
O F F I C E R S .— P r e s ., A . C. B a lc h ; V . - P . an d M g r ., A . G . W ls h o n : S ec.
W . E . D u r fe y . F r e s n o .— V . 7 6 , p . 1192; V . 7 7 , p . 1746; V . 7 8 . p . 1222.
GADSDEN, ALA.
A L A B A M A C IT Y G A D S D E N & A T T A L L A R Y .—
O R G A N I Z A T I O N .— In c o r p o r a te d un d er a sp ecial ch a rte r fro m th e S ta te
o f A la b a m a .
O p erates, besides street r a ilw a y , a lig h t p la n t, a n Ice p la n t,
^ S T O C K 1A N D B O N D S —
D a te.
In terest. O utstanding.
M a tu r ity .
S to c k $50 0,00 0 ($ 1 0 0 ).......... ..
- - - ..............................
$ 3 3 0,00 0 . . ..................
N ew m o rtg a g e $ 30 0,00 0 g o ld / 1906
5 g M -N
2 50 ,000 N o v . 1 1 9 3 6
( $ 1 ,0 0 0 ) ..................................... ] In terest a t T r u s t C o . o f A m e r . ,N . Y . . T r u s t.
B o n d s.— T h e unissued b o n d s are reserved fo r fu rth e r a d d itio n s a t 9 0 %
o f c o s t.
N ew b o n d s are s u b je c t t o ca ll o n a n y Interest d a te a t 105.
R O A D .— O perates 11 m iles o f tr a c k , c o n n e c t in g th e o o ln t s n a m e d In th e
title . S ta n d a rd g a u g e , 4 0 -lb . T rail. A n e x te n s io n o f 5 m iles t o N o cca lu la
F alls w as b u ilt, b u t Is n o t n o w In o p e r a tio n .
„
„
„
O F F I C E R S .— P r e s ., G . H . S ch u le r, B irm in g h a m ; S e c ., R . D . C a rv er,
B irm in gh a m ; T r e a s ., E . T . S ch u le r, G a d s d e n .— V . 8 3 , p . 817 .
GALESBURG, ILL.
P E O P L E ’ S T R A C T IO N C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In Illin ois o n M ay 23 1901.
D a te.
Interest. O utstanding.
M a tu r ity .
STOCK AN D BO N DS—
S to c k $ 20 0,00 0 ($ 1 0 0 )...................................................
$15 0 ,0 0 0 - - - - - - - - -
F irst m o rtg a g e $15 0,00 0 g o l d / 1902
5 g M -S.............. 150 ,000 M ch. 1 1922
( $ 1 0 0 ) _______ _________c*6sr.l In terest a t F a rm ers & M ech . B k .. G alesbu rg
B o n d s ,— A re s u b je c t t o ca ll a fte r 10 years a t 105. L . A . T o w n s e n d Is
trUR O A D .— O perates 12 M m iles o f tr a c k fro m G alesbu rg t o A b in g d o n .
S ta n d a rd g au g e. 6 0 -lb . T ra il.
, ■
. .
O F F I C E R S :— P re s., A . P . H iggins; S e c. a n d T r e a s .. C h as. S . H arris;
M anaging E n gin eers. K n o x E n gin eerin g C o ., Fisher B u ild in g , C h ic a g o .
— V . 75, p . 1232
48
ELECTRIC RAILWAYS
[V O D . 1,X X X V I I I .
GALVESTON, TEXAS.
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k . $ 4 0 0,00 0 ($50)
* 4 0 0 ,0 0 0
1st c o n s mt’ge, $ 1 ,4 5 0 ,0 0 0 , g ) 1905
____
_ g A -O
„
5
540,000
1935
($500 and^* 1 , 0 0 0 ) . . _____-C y ln t .^ at F id e lity T r . C o ., P h lla ., T ru stee.
B o n d s .— O f the * 1 ,4 5 0 ,0 0 0 a u th o riz e d , * 8 0 5 ,0 0 0 a r e ’ reserved t o T e t lr e
th e u n d e rly in g liens in sta te m e n t b e lo w . A re s u b je c t t o call b e fo re 1910
a t 105; th e re a fte r at p ar and Interest
J
u o e io re 19U>
E A R N I N G S .— F o r y ear e n d in g Jun e 30 1908, gross, * 2 0 6 ,4 8 0 - o p e r
a tin g e x p e n se s. In clu din g taxes a n d in su ran ce, *104 300- n e t S 1 0 2 ia o Interest, * 6 8 ,5 0 0 ; su rplu s, * 3 3 ,6 8 0 .
*
*
n c t ' ’ t o 2 -180*
O F F I C E R S .— P re s .. G . H . G erb er, R e a d in g ; V .- P . , J. c B id d le F on n
tain Springs; S e c ., M a cH e n ry W ilh elm , A sh la n d ; Treas
b
J la m rtn n
S h e n a n d o a h . V . 80, p , 1729; V . 82, p . 1157; V . 87, p 7 2 8 6 . ’
lja n « t o n s y ^ r ^ H o S s ' „ “
“ m o" n t » '
“ I “ ">•
(1)^ S elluylkill T ra ctio n C o .— A tro lle y r o a d .
3% ^ e p tlf 3
.F IISt a ' v " i ' ,“ 1 ° “ p r c t-— 3 % — S e p t. 1007. I n l o o s . M o h ..
O R G A N I Z A T I O N .-C h a r t e r e d l S e p t. 26 1892, In p e r p e tu ity , u n d er t h e
M o to r T r a c tio n A c t o fr racu™
ioo< . n
n ed
e a June 11 1893
Tan .
. „ £ A R N I N 9 ? - — o f c o m b in e d c o m p a n ie s fo r 1 2 m on th s endlno- n o n n
M arch 2 2 1887.
Ruo a u
d op een
1893. On
O n Jan
6 1893 leased fo r 099 years th e M alian oy C ity S h en andoah Gir’ardv?lie &
l l u i lY ;°dlV lden d 8 ’t o o ’ lo e ;’ W a V c ^ n k o J l 168' *2 1 3 ’ 660; Slnklnff ^
A sh lan d S treet R a ilw a y . O n O ct. 5 1893 leased fo r 999 years th e A sh and
R O A D S .— C on trols 83 .9 6 m iles o f tra ck .
L o c u s td a le & C en tralla E le c. R y .
O w ns all th e sto ck o f these t w o ro a d Sd
O F F I C E R S .— P r e s ., J o s e p h S. L o v e rin g ; V .- P . , Chas. E . A ldrich Tr • w h ich Is p le d g e d u n d e r th e first m o r tg a g e . On A p ril 27 1900 leased for 9 9 9
years th e L a k eside R y ., w h ich co n n e c ts th e t w o ends o f th e c o m n a n v 's
W e b s t e r ^ i o s t o n . F ° rd: T reaS" H e n r y B> S a w y c r .- G en. M grs., S to n e &
rou tes fro m M a h a n o y C ity t o S h en an d oah and pu rch ased 2,600 o f the 5 ono
shares o f th e c a p ita l s t o c k .
O n Ja n . 24 1901 leased the S h en andoah *
(1) G a lv e s to n E lectric C o .— A tr o lle y r o a d .
P o tts v ille S treet R y . fo r 999 years (In co rp o ra te d A u g . 1 1900) and from
* O R G A N I Z A T I O N .— In c o r p o r a te d In T e x a s o n M ay 1 1 9 ns as su ccessor
P o tts v llle t o S h e n a n d o a h , 13 m iles, and b o u g h t all Its ca p ita l s to c k
Th®
t o th o G a lv eston C ity R y .
See V . 80. p . 1971.
D oes th e en tire e le ctr ic
L a k esid e Sh en an doah & P o t t s v . s to c k are p le d g e d u n d er co n s o l, mte-’e
ra ilw a y a n d p a r t o f th e e le ctr ic lig h tin g business o f the cl tv
F ra n ch ise
S T O C K A N D B O N D S — M ile s . D a te. Interest.
Outstanding. M a tu rity
H o u s to n ^ E l e c t r i c | u
0 bstantlaJly
tb °
«■ ° ™ d
gS
1st M , * 5 0 0 ,0 0 0 , g . $5001 22 \i 1893
5 g A -O
* 5 0 0 .0 0 0 A p ril 1 1 9 4 5
&
$ 1 ,000, s f *10 ,0 0 < b In te re st Is p a id at E q u lt. T r . C o ., T ru stee Phll-i
y ly a fte r A p r ’ 08_c*J B o n d s m a y be pu rch ased fo r sin k in g fu n d a t 1 0 5
OomTmoCnK$ l^ N0 0 .0B0 0
1st m tg e , L a keside R y ,l 5 34 1893
4 g M -N
150 ,000 N o v 1 1923
g . *15 0 ,0 0 0 , g u a r by | In te re st at E q u ita b le T ru s t C o ., P h ilad elp h ia
F lr s Y M o r t g a g e 00$2?500^000( 1905
i f S T
S ch u y lk ill T r a c t io n -_ j
T ru ste e .
p la ’
Z ° ]d W 1 .0 0 0 ).......................C | In te re st . t 'o i t y ^ T r u t
N ew c o n m tg e , *2,000,-1
1901
4K(?J- J
*1 0 5 ,0 0 0 J u ly 1 1 9 5 1
000 ($ 1 ,0 0 0 ), g — c * /l n t e r e s t at F id e lity T ru st C o ., P h lla ., T rustee
Stock and B o n d s .— *1 5 0 .0 0 0 o f p r e f e r r e d ^ n ted c u t s t 'f n d f n ^ h, treasury
'T h e s e b o n d s. It Is s ta te d , w ill be redeem ed In th e near fu tu re .
o f com pan y
O f the b o n d s * 1,361,000 reserved fo r a d d itio n s and I m n r n v 7
B o n d s.— O f th e *105 ,000 con sols re p o rte d o u ts ta n d in g , *3 6 ,0 0 0 are held
m en ts a t 8 0 % o f c o s t.
A sin kin g fu n d o f 1 '/> % o f b on d s certified K vYno
in th e tr e a s u r y . B on ds arc s u b je c t t o call at a n y tim e at 105 an d interest
J u ly 1 1906 If ea rn ed , a n d on J u ly 1 1911 b e c o m e s a fix e d change
B on d s
S in kin g fu n d o f 1 % o f bond s o u ts ta n d in g b e co m e s o p e r a tiv e on A u g . 1 1907
are s u b je c t to call as a w h ole on a n y Interest d a t e at 1 1 0 an d in t e r e s t on
30 (la y s ’ n o tice .
See V . 8 1 , p . 975 .
Ul
on
R O A D .— S ch u y lk ill T ra ctio n D ivision 22 34 m iles o f tra ck , begin n in g at
L o c u s td a le , th e n ce th rou gh A sh la n d , K o lm c s v lllc to G lrardvtlle, fo rm in g
HaR *62B ars.F m b ra ces 3 4 - 1 9 m iles o f t r a c k . S tan d ard gau g e. 6 0 -lb . rail.
there a Y . o n e bran ch ru n n in g th rou gh L o s t Creek to S h en an d oah and th e
o th e r bran ch t o M alzevllle, G llberton and M ah an oy C ity .
L a keside D i
— F o r ,1 2 m o n th s e n d in g D e c. 31 1908, gross, *356 276- net
v ision 5 K m iles. T o ta l 28 m iles. 60 a n d 7 0 -lb . T rail.
E x ten sion s o f 43
*5 2 ,5 3 7 ’ lntCrCSt a n d t a x e s - « « 8 . 3 3 7 ; d iv id e n d s ( 6 % ) , * 2 1 . 0 0 0 ;’ surplus,’
m iles p ro p o s e d an d charters o b ta in e d .
O perates 51 m o t o r cars, 4 w o rk
ca rs and 2 sn ow sw eepers. E x te n siv e Im p ro v e m e n ts h a ve been m a d e .
__ 0„FI' 7 ^ ' l R S T - ? . re s - G u y E - TrlPP ; 1st V .- P . , E lio t W a d s w o rth - 2 d
~“ V. 80, p . 1729.
V .- P . W ilb u r A . C a rter; S e c ., C lem en t R . F o r d ; T re a s ., H e n ry - B S a w y e r
G en . M grs., S to n e & W e b s t e r , B o s t o n .— V . 8 1 , p . 9 7 5 ; V . 8 5 , p . 5 9 9 . a" yC r’
O A L V E S T O N -H O U S T O N E L E C T R IC C O — A h o ld in g c o m p a n y
O R G A N I Z A T I O N .— In c o r p o r a te d In M aine on M a y 8 1907 C o n t r o ls
th ro u g h ow n ersh ip o f s to c k th e G a lveston E le ctric C o ., th e H o u sto n F W
C o . and th e G a lv e s to n -H o u s to n E le c. R y . C o . T h e s to ck o f th e tw o f o ™
com p a n ies h s b een e x ch a n g e d fo r a like a m o u n t o f th is c o m p a n y 's s to c k
e x c e o t *7 7 ,3 0 0 c o m . a n d * 1 9 5 ,3 0 0 p r e f.. w h ich Is still unexcham reil ° CK’
STOCK AN D BO N DS—
D a te.
R ate. % . O utstanZ ng L ^ t D i v
C o m m o n , * 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...............
* 2 924 son
*
P r e f., * 3 ,0 0 0 ,0 0 0 6 % cu ( * 1 0 0 ) ------M -S 15
l i m ’.OOO S en t l V - o V i
215 000
Pt 5 ° 8 ' 3
N o te s p a y a b le N o v . 30 1 9 0 8 ..............
Stock..— P r e f. Is ca lla b le a t 120 and a c c u m . d'lv. U nissu ed preL a n d 'co 'm '
J f L * 1? M p S ^ - H o u s t o n E le ctric R y — A tr o lle y r o a d .
„ N1 ^ A l I O N .— I n c o r p o r a te d In T e x a s o n A p ril 1 7 in n 7 ~ ih ,
*3 ,0 0 0 ,0 0 0 c a p ita l s to c k (* 1 0 0 ), to bu ild an Interurban ele ctric ra ilw a y
b etw een G a lv eston an d H o u s to n , a d ista n ce o f a b o u t 50 m iles
W o r k is
“ der4w ay
O n M ay 14 1907 the s to c k h o ld e r s au th o riz e d an Issue o f
* 5 ,0 0 0 ,0 0 0 b on d s fo r c o n s tr u c tio n p u rp o se s.
B on d s w ill be gu a ra n te e d
1247
1V f 85USp 600C'6 5 4 ’
N ° b0n tls lssu cd UP to J a n - 1009. U V . 84, p.
131 H o u s to n E lectric C o m p a n y .— T r o lle y .
O R G A N I Z A T I O N .— C h artered at A u s tin , T e x ., on O c t . 26 1901 and Is
t0
H o u s to n E le c tr ic S tre e t R a ilw a y C o ., sold at fo reclosu re
O c t . 1901. C on trols all th e stre e t railw ays In H o u s to n . F ran ch ise o rig in
a lly ran until O ct. 23 1925. b u t In Ja n . 1903 w as e x te n d e d 10 years- -tor
term s, see V . 7 6 , p . 158.
In D e c. 1905 so ld * 5 0 0 ,0 0 0 new pre fe rre d s t o c k
t o s to ck h o ld e rs a t p a r. V . 8 1 , p . 1795. S u b sta n tia lly all the s t o c k Is
0V,m 6d b y the G a lv e s to n -H o u s to n E le c tr ic C o.
STOC K A N D B O N D S—
D a te.
Interest. Outstanding.
M a tu rity
C om m o n *2 ,0 0 0 .0 0 0 ( * 1 0 0 ) . . .......................................... * 2 . 0 0 0 oon
ln a lu ™ V .
P r e f 6 % n -c * 1 ,0 0 0 ,0 0 0 ( * 1 0 0 ) ------F -A
1.000,000
Flrst, J m o rtg a g e
* 2 .5 0 0 ,0 0 0 / 1900
5 g F -A
2 ,1 3 6 ,0 0 0 A u g 1 1925
g old (*1 ,0 0 0 ) sink f u n d ..c * \ I n t . a t In te rn a tio n a l T ru st C o . B o sto n Trim
B on d s.— * 3 6 4 ,0 0 0 are re se rv e d fo r e x te n s io n s an d Im provem en ts i t s i w '
191C0 ^ t l O ^ n X t bUt n 0t a n y p a r t ’ can ,)e calleli o n and a fte r A u g 1
S in kin g fu n d o f 1 y , % o f b o n d s o u ts ta n d in g p a y a b lo o n A u g . 1 each y e a r
See V . 7 4 , p . 680; * 1 6 6 ,0 0 0 w as h e ld b y this fu n d on Jan 1 1009
7
D ivid en d s.— D iv id e n d o n pre fe rre d s to c k d u e A u g . 1904 and F e b 1 9 0 5
w as passed b eca u se o f s trik e a n d b o y c o t t ; th e strik e w as term in ated o V t i i
1904 (V . 7 9 , p . 1704) an d d iv id e n d s w ere resu m ed on A u ^ 1 1005 w h en
3 % was p a id .
In 1006, 6 % ; In 1007, 6 % ; In 1908, 6 % ; In 1009 Feb
R O A D .— C om prises 49 .7 7 m ile s o f tr a c k .
S tan d ard g a u g e . 45 t o 9 6 -l b '
ra il.
O p erates 141 cars.
s
8
<io to yu i p .
„ „ E A R C 1N G S .— F o r 12 m o n th s e n d in g D e c. 31 1908, gross. *732 171- n et
* 3 1 9 ,3 6 6 ; Interest an d ta x e s, * 1 3 5 ,1 9 8 ; sin k in g fu n d , $ 3 1 611 - d iv id e n d s
( 6 % ) , *6 0 ,0 0 0 ; su rplu s, * 9 2 ,5 5 7 .
’
d iv id e n d s
O F F I C E R S .’ P res., G u y ’ E .‘ T r ip p ; V . - P ’s M arshall M . P h in n e y and
H e n r y J . B ra d lee; S e c ., C le m e n t R . F o rd : T re a s., H en ry B. S a w v cr- L t i
S to n e A W e b s t e r , B o s t o n .— V . 81, p . 1795; V . 85, p . 600.
y r ’ A g ts ”
GARDNER, MASS.
street
rv- »
D a" :
F irst m ortg a g e ($ 1 ,0 0 0 ) g o l d / 1900
5 g F -A
185,000 A u g l ^ n / o
xjo V n ~ ~ K -------- - \ I n t - a t M ercantile T ru st C o . , B o s to n , T ru stee
R O A D .— O w n s 12 m iles o f m ain tra ck fro m G ardner, th ro u gh Sou th
w £ r h?.er a n x W e s tm in s te r t o F itc h b u r g , w here c o n n e c tio n Is m a d e ”w ith the
F itc h b u r g & L eom in ste r S tre e t R y .; also co n s tr u c te d a bra n ch line to
W a c h u s e tt L a k e , w h ich w as o p e n e d fo r t r a ffic on M a y 26 1900 b u t Is o p e r
a te d as a su m m er bran ch o n ly .
In S e p t. 1908 w as a u th o riz e d to carry
fre ig h t an d b a g g a g o. T o t a l, 16 m iles. 26 cars.
E A R N l r i G S .— F o r y e a r e n d in g S e p t. 30 1908, gro ss. * 6 2 ,5 9 1 ; n et
ch arges, $ 13 ,837 : d iv id e n d , * 3 ,7 0 0 ; su rplu s, * 3 ,550.
O I -M C E R S .— P r e s ., E. F . B lo d g e tt, L e o m in ste r; V . - P . , G eo. R . D a m o n .
i ' ” 1lnslpr j. Se<b> T rea s. an d G en. C ou nsel, Jam es A . Stiles, G ardner; A sst.
T r e a s ., W a lter R . D a m e , C lin to n .— V . 69, p . 1247.
GENEVA, N. y T
T IO N ? -T r V ^ A T E R L° °
SEN ECA FA L LS & CA YU G A
O R G A N I Z A T I O N , & c.— In A p ril 1900 w as In co rp o ra te d as a s u cces s or
c o m p a n y t o th e C on solidated S treet R y . and th e N o rth P a rk S treet R y . .
and ow n s all the street railw ay p rop erties o f G rand R a p id s and v ic in it y .
F ra n ch ises exp ire In 1919, In 1920 and In 1921.
nnn n m w &
D a te ‘
M erest
O utstanding.
M a tu r ity .
Q -M
* 2 , 0 0 0 , 0 0 0 M c h .’ 0 9 , l %
S t ' o m * ( 5 1 0 0 ) - - ------P r e f * 2 ,0 0 0 ,0 0 0 cum j % ($ i O O ) ------Q -F
1 ,500,000 F e b .’ 09, 1 i i
5 * JD
3 .3 7 2 ,0 0 0 Ju n e 1 1916
S 3 ,500 ,000
gold ( * l ,000) e * j In terest at N ew Y o r k T r u s t C o ., T ru stee.
B on d s. & c.— O f th e new m o rtg a ge fo r * 3 ,5 0 0 ,0 0 0 , *1 2 8 ,0 0 0 h a ve been retlred b y sin k in g fu n d . S inking fu n d b e ca m e o p e r a tiv e o n O c t . 1 1905,
p aya W e 1 % o f b o n d s o u t up to O c t . 1 1910, then 2 % up to 1015 (see
V . 70, p . H 4 9 ).
B on ds c a n n o t be c a lle d . See V . 7 2 , p . 1187.
B on d s
are liste d o n N ew Y o r k S to c k E x ch a n g e .
D ivid en d s. -D ividends on p referred s to c k arc cu m u la tiv e an d 1 H %
q u a rte rly has been regu larly paid u p to an d In clu din g F e b . 1 1909. T h «
first d iv id e n d o n c o m m o n — 1 % — w as p aid S e p t. 1 1906 and 1% w as ag a la
^ d . ^ A i r i ? , 0 6 - „ In l 0 0 7 . 4 % .
In 1008, 4 % . I 11 1900, M ch ., 1 % .
E A R N I N G S — F o r calendar years:
year
G ross.
N et.
Charges.
P r e f. D iv .
B a l..S u r .
*4 6 9 ,6 6 0
*2 2 6 ,9 4 9
(5 % )* 7 5 ,0 0 0
*167,711
J 9 0 8 ................*9 4 0 ,6 4 5
488,468
213,008
( 5 % ) 75,000
200,-160
} 9 0 ' ............... 944,916
! 9 0 6 ................ 910,028
462,136
2 0 5 ,4 6 0
( 5 % ) 7 5 ,0 0 0
181 ,676
1 9 ?,5X- a
- ? < - - - - ^ 8 2 0 -4 6 9
4 27,890
196,260
( 5 % ) 75,0 0 0
156.63#
R O A D .— O w ns a n d op e ra te s 63.13 m iles o f tra ck .
121 m o t o r cars
an d 28 trailers.
O F F I C E R S .— P r e s .. C larence M . C lark. P h lla .; V .- P . L e ste r J. R In d ge.
S e c r e ta r y , G . L . E ste rb ro o k , P h ilad elp h ia; T rea su rer a n d G eneral M anager.
B . S. H a n c h c tt, G rand R a p id s; A sst. S e c ., L . J . D c L a m a rte r.— V . 8 4 , » .
2 2 0 , 749: V . 8 5 , p . 40.
O R A N D R A P ID S G R A N D H A V E N &
r o a d . T h ir d -ra il s y s te m . W a t e r p o w e r .
M U SK EG O N
R Y .— E le c tric
O R G A N I Z A T I O N .— In co rp o ra te d In M ich igan on M arch 6 1899 t o bu ild
an e le ctric ro a d on fen ced right o f w a y , c o n n e c tin g th e three cities n am ed
In th e title , a to ta l distan ce o f 48 m iles. T h e ro a d w as en tirely c o m p le te d
and p u t In o p e ra tio n a b o u t M ay 1 1902. T h ir ty -y e a r franchises In all
to w n s th rou gh w h ich It passes; oth erw ise p riv a te rig h t o f w a y .
STOC K A N D B O N DS—
D a te.
Interest. O utstanding.
M a tu r ity
S to c k , * 1 ,2 0 0 ,0 0 0 ........................
...........
* 1 ,2 0 0 ,0 0 0
1st m tg e . * 1 ,5 0 0 ,0 0 0 ($1,000)1 1901
5 g J-J
1 ,500,000 J u ly V 102*
(fold — ................................c * J I n t . at S tan d ard T ru st C o ., N . Y . , T r u s te e .
B on d s.— T h e interest on o u ts ta n d in g b o n d s w as g u aran teed fo r 5 y ea rs
b y th e S e cu rity In ve stm e n t C o. o f P itts b u rg h . See V . 7 6 , p . 470.
E A R N I N G S .— F o r 12 m o n th s e n d in g D e c. 31 1008, gross, * 2 6 2 ,3 4 2 ; net
*12 1 ,6 3 4 ; In 1907, gross, *25 8 ,5 6 6 ; n e t. $11 4,78 6.
R O A D .— E x ten d s from G rand R a p id s In a n o rth w e ste rly d ire ction U
M uskegon, w ith a branch t o S p rin g L a ke and G rand H a v e n . C o n n ects at
G rand H a ve n w ith G o o d rich Line o f steam ers fo r C h ica go and Cn s o y t lna
or steam ers fo r M ilw aukee. T o ta l tr a c k , 48 .1 3 m iles: 7 0 -lb . T rail. O perbiishi 1 \\sPaSSCnger’ 6 cxp re ss a n d 1 w o rk ear.
A lso do e s a fre ig h t and m all
TTTG £ F I P,EI? s - ~ P r c s -- G e o - c - S m ith , P itts b u r g h ; V .- P . and G en. M gr
W . K . M o rle y , G rand R a p id s; S e c. and A s s t. T r e a s ., W a lla ce Frankllm
D e tr o it; T r e a s .. Carl M. V a il, N e w Y o r k .— V . 7 6 , p . 470 .
*'
G R A N D R A P ID S H O L L A N D & C H IC A G O
R A IL W A Y .
O R G A N I Z A T I O N .— In co rp o ra te d In M ichigan In J u ly 1904 and Is a «*.
orga n iza tion on A u g .
1904 o f the G rand R a p id s H ollan d & L a k e Mlchle-na
R a p id R y .
Sec V . 79, p. 627. P o w e r Is su p p lie d to c o m p a n y b v ( rand
R a p ld s-M u sk e g o n P o w e r C o ., b u t c o m p a n y m aintain s ow n sta tion In readlnp'S to o p e r a te In case o f e m e r g e n c y . F ra n ch ises In c it y o f H o lla n d and
village street< ex p ire In 1928 to 1930; rem a in d er o n p riv a te righ ts o f wav
„ STOCK A N D BO N D S—
D a te.
Interest. Outstanding
M a t u r it i
*500 0 0 0
C o m m o n . * 5 0 0 ,0 0 0 .................................................... ..
P r e f, * 8 5 0 ,0 0 0 ,6 % ..........................................................
850 .0 0 0 .......................
1st m tg e . G rand R a p id s H o ll 1900
5 g F -A
1 ,5 0 0 ,0 0 0 Atfir Y i 9 2 ®
& L a k e M ich , * 1 ,5 0 0 ,0 0 0 , l in t , a t A m e rica n T r. & S a v . B a n k Chlcae-o
gold ($500 and * 1 ,0 0 0 ) ____ J T ru ste e , o r at G u a ra n ty T r u s t On N v ‘
. B ° nds-— A sin kin g fu n d Is p r o v id e d o f $5,000 per an n u m fo r hrsf. 5 vears*
S10.U00 p e r ann um fo r se co n d 5 yea rs, * 1 5 ,0 0 0 y e a rly fo r th ird 5 years
* 2 5,000 p e r ann um fo r fo u rth 5 yea rs.
B on d s are n o t s u lile c t t f f ran
T R A C K — O perates 75 m iles o f tra ck fro m G rand R a p id s th ro u gh H o lla n d
t o M acataw a and S a u ga tu ck , w ith s team er co n n e ctio n at H o lla n d fo r r h lo
O F F I C E R S .— P res., G eo. H e n d rle ; S ee. an d T reas. S trath im m Ilen drln
— V . 75, p . 1301; V . 78, p . 7 0 2 , 768 : V . 79, p . 627.
o t r a ™ e a m u e n d r le .
1
LA K E TRAC-
In M ay 1905 c o n tr o l o f road ch an ged h an ds, an d It Is su p p o se d N Y
C en t. Interests are th e n ew ow n ers. See V . 80 p 2344
O R G A N I Z A T I O N .— C hartered M arch 18 1895 as a c o n s o lid a tio n o f th e
G en eva & W a te r lo o an d o th e r co m p a n ie s .
O w ns th e C a yu ga L a k e P ark
p r o p e r ty o f 50 acres
V . 60, p . 562.
1 ^ arK
In D e c. 1906 the R R . C om m ission ers gran ted perm ission t o Increase s to c k
fro m *4 5 0 ,0 0 0 to *1 ,0 0 0 ,0 0 0 , and t o m ake a new m o rtg a ge fo r * 1 000 0 0 0
v - 8 4 , 0 - 5 1 • U p U< latest d ates this m o r tg a g e had not been e x e c tu e d ° ° ‘
STOCK A N D BO N DS—
D a te.
Interest. Outstanding.
M a tu r ity
C om m on s t o c k , p ar *1 0 0 ................................ ..............
*350 0 0 0
lvlalu™ v
P r e f, $100,000 ($ 1 0 0 )---------------------6
100,000 1904-05” ~6 %
1st m tg e, *500 ,000 ($500 a n d ) 1895
4 g A -O
4 50 ,000 A p ril 1 1 n?n
* 1 ,0 0 0 ), g o ld ...................... c*J In t. at W e s t E n d T ru st C o .. Phlh-i T ru stee
— 550 ,000 o f b o n d s are u n issu ed .
In terest on b o n d s w as fo rm e rly
6 % , bu t In 1900 rate w as re d u ce d b y co n se n t o f b o n d h o ld e rs t o 4 %
ly
R O A D .— T h e r o a d ex te n d s fro m G e n e v a t o C a y u g a L a k e P a rk thrnne-h
W a te r lo o and S en eca F a lls. 17 m iles; sid in g s, % m ile. R a lls 70-lb e-irdcr
and 60-lb. T . T r a c k stan d ard g a u g e . O perates 25 m o to r cars, 8 trail cars
1 sn ow p lo w . 1 sw eep er.
’
“ “ td rs'
E A R N I N G S .— F o r fiscal y e a r e n d in g Ju n e 30:
T ea r.
G ross.
N et
O ther I n c . I n t.& T a x . Su rplus
......................... . $95 ,848
* 4 0 ,3 1 7
*131
$23,314
$17 134
1 9 9 y - ........................... 97.148
42,934
------22,056
^ 0 878
........... 90,225
3 5 ,4 6 0
520
22.078
lioii
O F F I C E R S .— P res., J o s. S eep , O il C ity , P a .; V .- P ., C. N . Payne* N ew
Y o r k ; S ee., T reas. an d G en. M g r., W . C. G ra y , Sen eca Falls; S u p t., H o w a rd
G ra y , W a t e r lo o .— V . 80, p . 2344; V . 84. p . 51.
tow a rd
GIRARDVILLE, PA.
SC H U Y L K IL L R A IL W A Y CO .
O R G A N I Z A T I O N .— In co rp o ra te d In P e n n s y lv a n ia on J u ly 20 1903 and
g u r c h ^ e d ^ th e p r o p e r ty o f th e S ch u y lk ill T r a c tio n G o, and th e L a k eside R y .
GRAND RAPIDS, MICH.
G R A N D R A P I D S R Y — ^ T r o lle y .
GREAT FALLS, MON.
G R E A T F A L L S S T R E E T R Y . — T h e p ro p e rty o f this ro a d w as sold a*
foreclosu re in l e b r u a r y 1904 and pu rch ased b y J o h n D R v a n P ?r< ?°n a?v
E ank & T rust Co
In June 1900 th e G reat Falls E e c .” P ron ertles w a ? or
ganlzed w ith * 1 , 0 0 0 . 0 0 0 s to c k , to co n s o lid a te this c o m n a n v wVth the H y t r i n
ligh tin g c o m p a n y .
N o b o n d s or o th e r In debted!?esSP^
^ G ro ss'V-irnfnv* fnr
1007 w ere * 6 2 .4 6 7 . C o m prises 10)4 m iles o f track — v 8 2 ? p 1437
GREEN BAY, WIS.
G R E E N B A Y T R A C T I O N C O .— T r o lle y .
O R G A N I Z A T I O N .— In co rp o ra te d in W isco n sin In lu n n in n * Anri ia a
strm?tI*on *Co* ° * t b ° FoX R lv e r E le c * P o w e r C o . an d th e K n o x C om
In 1906 ab so rb e d th e Green B a y G a 3 & E le c tr ic C o ., alth ou gh sep arate
o rg a n iz a tio n Is n ecessarily m a in ta in e d .
See V . 82, p. 573 631 an d V . 8C,
p ' , p a r t i c u l a r s o f th a t c o m p a n y . S treet ra ilw a y fra n ch ise Is p er
petual and e x clu s iv e until 1918
F eb ., 1909.]
E L E C T R IC
STOCK A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
$1,000,000 .......................
Stock, $1,000,000 ($100)........ ......................................
1st mortgage, $1,00 0 ,0 0 0 , gl 1005
5 g J-D
725,000 June 1 0 ’ 35
($ 1 ,0 0 0 ) -----------------------------cJUnlon Trust C o ., Detroit, Trustee.
Green Bay G & E 1st & ref\ 1005
5 g M -N
467,000 May 1 1035
M, $750,000, g ($ 1 ,0 0 0 )_ c * /I n t . at W isconsin T r. C o., MIlw., Trustee.
Bonds.— The Green Bay Traction Co. bonds are subject to call at 150
until 1025; thereafter at par. The Green Bay Gas & El. bonds are subject
to call from 1310 to 1024 at 105; thereafter at par.
E A R N rN G S .— Exclusive of Green Bay Gas & Electric Co.
Calendar Year.
Cross.
Operating Expenses.
Net.
1908 .................................
$148,538
$00,080
$48,558
1 0 0 7 ----------------------------------------------- 143,052
110.078
32,074
R O A D .— Owns and operates all lines In the city of Green Bay; also a line
from Green Bay to De Pere City, and branch to Duck Creek, and a line from
Green Bay to W est De Pere, Little Rapids, Wrlghtstown and Kaukanna;
total 40.80 miles. 45 and 78-lb. rail; 30 motor cars; 12 trailers.
O F F IC E R S .— Pres., A . M . Murphy, Green Bay; V .-P ., R . M . Howard,
S e c., B . L . Parker, Green Bay; Treas., F . E. Murphy; Gen. M gr., R . M .
Howard.— T . 8 1 , p. 558; V . 82, p . 568.
GREEN SBORO, N . 0 .
Q RO ENSBO RO E L E C T R IC CO.
In 1008 control was purchased by N . W . Coler * C o., New York, and In
1000 the North Carolina Public Service Co. was chartered In North Carolina
for the purpose of taking over this property and making extensions and
Improvements.
New company Is to have $3,500,000 stock and $3 , 500,000
1st and refund. 5 % gold bonds (Int. F. & A .), of which $750,000 reserved for
prior liens, $750,000 for Improvements (to Include an extension to High
Point), $750,000 to build Interurban line between Greensboro and W instonSalem and $ 1,250,000 for future Improvements and acquisitions under
proper limitations.
O R G A N IZ A T IO N .— Incorporated In North Carolina on June 11 1001.
STOCK A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Common, $250,000 ($100) ............................................
$250,000 .......................
P f, $250,000 ($100) 6 % n - c u m ................................
106,200
1005
5 g J-D
250 ,0 0 0 June 1 1030
New m tge, $750,000, gold
($500 and $ 1 ,0 0 0 )............. c* Int. at Mercantile Trust C o., N . Y . , Trustee
1002
5 g A -O
400,000 April 1 1027
1st m tge, $400,000, gold
($500 and $ 1 ,000)................c Tnt. at Trust Co. o f America, N . Y . . Trustee.
Bonds.— $400,000 new bonds arc reserved to retire prior liens and $100,
000 for future extensions. They are subject to call on any Int. date at 110
and Int.
Of $4 0 0 ,0 0 0 1st 5s, $5,500 were Issued under mortgage of 1001.
E A R N IN G S .— For year ending N ov. 30 1008, gross, $153,013.
R O A D .— Operates about 11 H miles of track In Greensboro, Including
extensions to Revolution, W hite Oak and LIndley Park. Standard gauge.
________
93-lb . girder and 60-lb. T rails.
G R E E N V IL L E , S. C.
G R E E N V I L L E TR ACTIO N CO.— A trolley road.
O R G A N IZ A T IO N .— Incorporated In South Carolina on Sept. 7 1803.
Power Is supplied to this company by the Greenvllle-Carolina Power Co.
for particulars of which sec V . 85, p. 224.
STOCK A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Stock, $500,000 ($100)...................................................
$306,000 ......................
1st mtge, $250,000, cur ($1 ,-) 1001
5 F -A
250,000 Feb 1 1031
000 and $ 5 0 0 ) .................... r*/In terest at Girard Trust C o., Phlla., Trustee.
R O A D .— Operates 13 miles of track.
O F F IC E R S .— Pres., Joseph S. Keen Jr.; V .- P ., J. H . Dawes: Sec and
A sst. T reas., H . Bayard Hodge; Treas., Geo. M , Bunting, all of Philadelphia
G RO TO N , CONN.
G R O T O N & S T O N I N G T O N S T R E E T R Y . — A tro lley ro a d .
R A IL W A Y S
49
O F F IC E R S .— Pres., A . Merritt Taylor; 1st V .- P ., W . H . Clark; 2d V .-P .
Frank R . Ford, 115 B ’w ay, N . Y .: 3d V .-P ., W . N . Barrows; Sec. and
Treas., S. C . Stivers; Gen. M gr., F . W . Bacon. General offices, Edgewater, N . J .— V . 82, p. 510, 1323; V . 87, p. 1479; V . 88, p. 53 375.
HUDSON
R IV E R
T R A C T IO N —
O R G A N I Z A T I O N .— Incorporated in New Jersey on March 22 1902.
Control of stock Is owned by the N . J. & Hudson River R y . & Ferry C o .,
which leased this company on July 1 1004 until March 1 1050, rental being
net earnings of the lessor com pany. On Sept. 1 1903 purchased at fore
closure sale the Newark & Hackensack Traction Co. and took possession of
thejproperty on Sept. 25. Franchises are perpetual, except one for 50 years.
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
C om ., $1,000,000 ( $ 1 0 0 ) ................................................... $ 1 ,00 0 ,0 0 0 ..........................
P ref., 4 % n o n -c., $500,000 ...............
....................
235,100
................
1st m ort., $ 1 ,0 0 0 ,0 0 0 , goldT 1902
5 g M -S
627,000 Mar. 1 1950
($1,000) ................................. . / I n t . at U . S . Mort. & T r. C o., N .Y ., Trustee.
Bonds.— Are subject to call on any Int. date at 110. N o sinking fund.
E A R N IN G S .— For year ending Dec 31 1908, gross, $05,488 ; expenses
and taxes, $73,225; net, $22,263. In 1007, gross, $02,616; expenses,
$75,659; net, $16,957 .
R O A D .— Owns and operates 17.11 miles of track from Hackensack
through Hasbrouck Heights, W oodridge and Rutherford to Arlington, where
through connection to centre of Newark Is made over the tracks of the
Public Service Corporation: also a line from Hackensack via Hasbrouck
Heights and Lodi to Passaic, operated In conjunction with the Publlo
Service Corporation.
O F F I C E R S . — P ies., C. A. Twining; 1st V .- P ., H . MacMullen, 115 B ’w ay.
N . Y . ; Sec., W . N . Barrows; T reas., S . C. Stivers; Gen. M gr., F . W .
Bacon. General offices, Edgewater, N . J .— V . 7 8 . p . 4 7 .
H AGERSTOW N, M D.
H A G E R S T O W N R A I L W A Y . — A trolley road.
O R G A N IZ A T IO N .— Chartered March 12 1896 In perpetuity. Furnishes
commercial electric lighting. Franchises are perpetual. On M ay 20 1908
shareholders voted to take over the assets of the Hagerstown & Northern
R R ., (which had consolidated with the Franklin County R R . In Feb. 1907),
the Hagerstown & Boonsboro R y . and the Hagerstown & Myersvllle R y .,
and Increased stock from $200,000 to $400,000. V . 86, p . 1343.
Interests Identified with this com pany In July 1001 purchased a m ajority
of the stock and all of the bonds of the Myersvllle & Catoctln Electric R y .,
but shortly thereafter directors of the latter made a new lease of the road
to the Frederick & Middletown Railroad, which see on a previous page.
ST O C K A N D B O N D S —
Date.
interest. Outstanding.
M aturity.
Stock, $400 ,00 0 ( $ 5 0 ) ...................................................
$400,000 .......................
1st
mortgage,
$200,000,1 1806 6 g Q -F
200,000 M ay 1 1 9 1 6
gold----------------------------------------J Interest at E a vy Lane & C o., Hagerstown,
Hager & Myers R y , $ 1 2 5 ,0 0 0 . (?)
(?)
125,000
(?)
Hagers & Boonesb R y 1st Ml 1902 5 F -A
120,000 A u g 1 1022
$120,000 ($500 & $ 1 ,00 0 )c*/
Hagers & Nor R R 1st mtgel 1007
5 g F -A
120,000
1927
$120,000 gold ($1,000, $5001
Trustee, W m . Jennings
and $ 1 0 0 )............................. c*j
Bonds.— The Hagerstown & Boonesboro R y . bonds are redeemable 1912
at par. The Hagerstown & Northern R R . bonds arc subject to call In 1917.
R O A D .— Operates 4 0 H m . of track as follows; Hagerstown to W illiam s
port and Funkstown, 13 m .; Funkstown to Boonsboro. 10 m .: Boonsboro
across South Mountain to Myersvllle (where connection Is made with Fred
erick & Middletown R y .) , 7 H miles, and Hagerstown to Shady Grove
(where connection Is made with Chambersburg Greencastlc & W aynesboro
Electric R v .) , 10 miles. Standard gauge.
O F F IC E R S .— Pres., Christian W . Lynch; Vlce-P res., D . C. H aldcm an;
Treas. and A u d ., W m . Jennings; Sec. and S u p t., W . C . Hepperle; Gen.
M gr., Richard C. Haldcm an.— V . 84, p. 339; V . 86, p. 1343.
O R G A N IZ A T IO N .— Incorporated In Connecticut on Aug. 17 1003.
H A M M O N D , IN D .
STOCK A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Com m on, $400,000 ($100)....................
............................................. $400,000 See text. HAMMOND W H I T I N G & E A S T CHICAOO E L E C T R I C R A I L W A Y . — A
Pref, 6 % , $200,000 ($100)..................
..................................... 200,000 See text.
trolley road.
1st mtge. $375,000, gold) 1004
5 g J-J
375,000 July 1 1024.
O R G A N IZ A T IO N .— Chartered In 1892. Franchise expires in 1054 .
($1,000) ................. ................c/Interest at International Trust C o., Boston.
Power Is furnished by Calumet & So. Chic. R y .
Loans and notes payable June 30 10: 8 ____________
28,000 ------------------ST O C K —
M iles. Date.
Interest. Outstanding.
D ivld’nds
Bonds.— N o s. t ., but bonds arc subject to call at any time at 120 and S to c k .$ l, 0 0 0 ,000f$100) 25.7
____
Q-J
$510,000
See text.
Interest. Trustee is Treasurer of State of Connecticut.
Dividends.— 6 % per annum Is being paid.
Dividends.— On pref. In 1005-06, 6 % : on common In 1905-06, 3 % .
On
R O A D .— Owns 25.9 miles of track, extending from State line to W h itin g,
pref., 1006-07, 7 H % .
On pref., 1007-08, 6 % ; on com ., 1907-08, 1 H % .
East Chicago and Ham m ond, and operates In connection with Calumet &
E A R N I N G S .— For year ending June 30 1008, gross, 107,077; net, $ 5 3 . South Chicago R y. to 63d St. and Madison Ave. In Chicago. 11 motor
6 76; lixed charges, $33,011; dividends (7 > $ % ), $18,000; surplus, $2,665.
cars; 5 other cars; standard gauge; 80-lb. T rail.
R O A D .— Operates 20 H miles of track from Groton, through Noank,
O F F IC E R S .— Pres., D. M. Cummings; V .-P ., O. S . Gaither; S e c.an d
W est M ystic, M ystic, Stonlngton and Pawcatuck, to W esterly, R . I .
Put Treas., H . C. Saltonstall; Gen. M grs., A. L . Krum & C o., 125 Monroe S t,
In operation on May 6 1905. Connects by ferry with New London. Stand Chicago.— V . 70, p. 103.
ard gauge, 70-lb. T rail. 21 cars.
O F F IC E R S .— Pres. Thos. H am ilton, New London: V .- P ., B. F . W ill
iam s, M ystic; Sec., Chas. D . N oyes. Norwich; Treas., Costello L lppltt,
H A R R IS B U R G , P A .
Norwich: Gen. M gr., Thom as W . R y lc y , M ystic.— V . 8 0 , p. 2344.
C E N T R A L P E N N S Y L V A N I A T R A C . CO.—
G U L F P O R T , M IS S .
G U L F P O R T & M IS S IS S IP P I C O A ST T R A C T IO N CO —
O R G A N IZ A T IO N .— Incorporated In Mississippi In 1005. Purchased
the Biloxi Electric R y . & Power Co. and the Gulfport Development Co.
In 1007 Increased stock from $1,000,000 to $2,000,000.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock, $2,000,000 ($100)................................................... $1,000,000 ..........................
1st m ort., $ 1 ,0 0 0 ,0 0 0 , gold.l 1905
6 g A-O
1,000,000 Sept. 30 ’35
( $ 1 ,0 0 0 ) ________ ___________ JInt. at Hibernia Bk. & Tr. C o., N . O rl., Trus.
Second mortgage______________ J
6 J-J
$296,000
------------------\Hibernia Bank & Trust C o ., Trustee.
Bill. E l. R .& P . 1st m tg e., gl 1003
6 g J-J
200,000
1923
($100, $500 and $1,000) . f ln t . at Hibernia B k. & Tr. C o., New Orleans.
B o n d s. — The bonds of 1905 are subject to call on O ct. 1 1910 or on the
1st of Oct. In any year thereafter at 105: no sinking fund. The Biloxi E le c
tric Railway & Power bonds are subject to call at 106 and Interest.
R O A D .— Operates 13 miles of track from Gulfport to Biloxi and 7 m iles
from Gulfport to Harborvlew, Miss.; also 6 miles of track In Biloxi.
W ork
has begun on 5-mllo extension Into Pass Christian. Total, 26 miles.
O F F IC E R S .— Pres., J. T . Jones, Gulfport; Sec., H . C. Elder; Treas.,
E . A . Durham, SIstervIlle, W . V a .; Asst. T reas., F. V . Osborne, Gulfport;
Auditor, R . E. Powers, 1024 Prudential B ld g., Buffalo, N . Y .; Gen. Mgr.,
J . A . Jones. ▼. 83, p. 05.
H ACKEN SACK, N. J
NEW J E R S E Y & H U D SO N R IV E R
R Y . & F E R R Y C O .—
O R G A N IZ A T IO N — Incorporated at Trenton, N . J ., on Feb. 27 1000 at
a consolidation of the Bergen County Traction Co. and the Ridgefield and
Teaneck R y . Co. See V . 7 0 , p. 430. This company owns the entire
capital stock and bonds of the Riverside & Fort Lee Ferry C o., owner
of the W est 130th Street Ferry, These securities are all deposited under
$ 5 ,000,000 m tge. Leases Hudson River Traction C o.; see below. Fran
chises perpetual except one for 00 years. Chiefly private right of w ay.
ST O C K A N D B O N D S —
Date.
Interest.
Outstanding. Dividends.
Stock, com m on, $5,000,000 ............................................... $1,000,000 Feb. ’0 0 .2 %
Stock, pref., $750,000 6 % c u m ------6 F -A
650,000 See below.
1st m ort., $5,000,000 goldl 1900
4 g M -S
3 ,486,000 M ar. 1 1050
( $ 1 ,0 0 0 ) ................................ c*J Int. at U . S . M tge.& T r.C o., N . Y . , Trustee.
Bonds.— The amount unissued Is reserved for extensions and Improve
m ents.
Bonds can be called on any Interest day at 105 and Interest, upon
six weeks’ notice. V . 80, p. 998.
D IV I D E N D S .— The first dividend of 5 % on pref. stock was paid on
Feb. 15 1001.
In Feb. 1902, 6 % was paid and the same am ountyearly
thereafter, including Feb. 1008. N ov. 30 1008 a semi-annual dividend
of 3 % was paid on pref. stock for 6 months to June 30 1908, thus putting
It on a semi-annual basis. V . 87, p. 1470; V . 88, p. 53. In 1000, F e b .,
t% .
On common, 1st d lv.— 2 % — was paid Feb. 1909.
E A R N IN G S .— For calendar year 1008, gross, $538,668; net (after taxes),
$233 ,07 1: other Income, $25,670; Interest, $137,151; surplus, $121,500.
R O A D .— Owns and operates 31.33 miles of track from W . 130th S t., New
York City (terminal at Edgewater), to Englewood, Hackensack and
Paterson. The cars of this company operate to the business centre of
Paterson under trackage rights from Public Service Corporation.
O R G A N IZ A T IO N .— Incorporated In Pennsylvania on July 0 1903, and
leased the Harrisburg Traction C o. and subsidiary lines at a guaranteed
rental of 6 % . The Harrisburg Traction Co. stockholders were allowed to
subscribe for the new stock, share for share: has no bonds. An assessment
of 1 0 % ($5 per share) was called on the stock In A u g. 1005, see V . 81, p.
725), 10% was called In 1907 and 10% April 1 1908. On O ct. 17 1903
acquired a majority of the $200,000 stock of the People’s Bridge Co. The
Llnglestown & Blue Mountain R y . C o., which Is controlled through stock
ownership, was put In operation to Llnglestown on July 1 1904. Owns
entire stock of the Harrisburg & Hummelstown R y . and guarantees Its
bonds, p. and 1. In 1907 the Dauphin Street R y. was Incorporated to
build a trolley line from Harrisburg to Dauphin. No arrangements have
been made as yet for financing this company and no work has been done on
proposed line. Franchises are perpetual.
ST O C K A N D B O N D S—
Dale.
Interest. Outstanding.
M aturity.
Stock, $ 2,100,000 .............................................................. $2,100,000(42 % p d . ) . . .
Ling. & Bl. M tn, M tge, $125,-1 1905
5
A -O
105,000 Apr. 1 1 9 3 5
000 g. ($100 and $ 5 0 0 ) ____ c/
In t. at Harrisburg Trust C o., Trustee.
Harr. & H u m . 1st M ., $200.-1 1005
4 ^ g M -N
200,000 A p r. 1 1935
000, gu. p. and 1 ................
Bonds.— Both Issues are guaranteed p . and 1. by end. by the Central Penn.
T
Co
Of the Ling. & Bl M . bonds, $20,000 are reserved for Penn,
extensions
These bonds are subject to call after 1915 at 105 and Interest.
R E P O R T .— For fiscal year ending June 30 1008, gross, $727,152; net,
$ 374 ,16 1; rentals, taxes and Interest, $223,220; surplus, $150,041, of which
$46,149 has been used for betterments.
R O A D — Leases and operates 7«>.32 miles of track as follows: East Har
risburg Pass. R y ., 22.35; Harrisburg City Pass. R y ., 15.61; Citizens’ Pass.
R y ., 10.17; Middletown H . & S ., 9.7 2 ; Llnglestown & Blue Mountain R y .,
5.6 3 ; Harrisburg & Hummelstown R y .. 6.84.
Has 152 cars.
O F F IC E R S .— Pres. F. B . Musscr: V .-P ., B . F . Meyers; Sec. & Treas..
W . J. Calder, Su pt., F . M. Davis, all of Harrisburg.— V . 83, p. 401.
(1) H A R R I S B U R G TR A C TI ON .— A trolley road.
In June 1903 was leased to theCentral Pennsylvania Traction C o .a t 6 %
on stock. A stock dividend of 5 % was paid at that time, Increasing out
standing stock to $ 2 ,ldo,0i 0 . The 'Paction Co. holds In Its tieasury
$700,000 (all) stock of the East Harrisburg Pass. R y . and $235,000 (all)
of Citizens’ Stock.
V . 60. p R73.
.STOCK A N D B O N D S— Par. Date.
Interest. Outstanding. Last D lv .
Harrisburg
Tractlonl
stock, $2,500,000 . - I
50 ------6
F -A
$2,100,000 See text.
Citizens’ Passenger— 1 ------1894
6 g M -N
75,000 May 1 1924
1st M ., $75,000. g o ld /In t. at Com’wealth Guar. T r. C o., Harrisburg.
Leased to E. liar. Pass. R y .—
Harris. City Pass, stk
25 _____
12 J-J
125,000 Leaserent.
Mlddlct’wn H .& S .stk
50 -------10 J-J
100,000 Leaserent.
D I V I D E N D S — The dividends In Feb. and Aug. 1890 aggregating 4 %
were paid In stock, the money being used In reducing floating debt.
Divi
dend period changed to quarterly, and 1 % paid In cash O ct. 1899. In 1900
4% .
Dividends again changed to semi-annual and 2 H % paid Feb. 1001
and 2 H % on Aug. 1. In 1002 5 % .
In 1903, 6 % . also scrip dividend of 5 %
on Aug. 1.
In 1004, 6 % .
In 1005, 6 % .
In 1906. 6 % .
In 1007, 6 % .
In 1908, 6 % .
In 1009, F eb ., 3 % .
ROAD.
Em binc<s47 rn'les of track now operated by Central Penn. Trac.
O F F IC E R S .— Pres., Edward Bailey; V .- P ., B .F .M e y e rs ; Sec. and Treas.,
W . J. Calder; Supt. and Pur. A g t., F . B. Musser, all of Harrisburg.— V . 7 7 ,
p. 106.
.
50
V A L L E Y T R A C T I O N C O .— A tro lley ro ad .
O R G A N IZ A T IO N .— Incorporated In Pennsylvania on N ov. 18 1003 and
controls through ownership and lease the Harrisburg & Mechanlcsburg
Electric Railway C o., the W hite Hill & Mechanlscburg Electric R y . the
W est Farvlew & Marysville Electric R y ,th e Falrvlew & Riverton Pass R y
the Carlisle & Mechanlsburg St. R y .. the Camp Hill & Harrisburg Pass. R y . ’
the Harrisburg & Riverton St. R y. and the United Electric Co.
STO C K A N D B O N D S—
Date.
Interest. Outstanding.
Maturltu.
Common, $500,000 ($50) ........ ...........
....................
$500,000
P f., $500 ,00 0, 5 % n.c. ($50) .........................................
350.050
...........
1st m tge., $700,000, goldl 1903
5 g A -O
552,400 O ct. 1 1933
($100 and $500) -----------c * /I n t . at Farmers’ Tr C o ., Carlisle Pa
Tr
H . & M. 1st M ., $224,000, g. . 1894
6 g M-S
144,500 Sept.
1914
Interest Is payable at ofllce of trustee, the Harrisburg Trust Co
Bonds.— Val. Trac. bonds are subject to call after O ct. 1 1908 at 110. A
sinking fund of $5,000 per annum commences O ct. 1 1908.
E A R N I N G S .— For calendar year 1908, gross, $246,694: net, $84,992 :
taxes and Interest, $43,057; "oth er charges,” $41,935; surplus, none.
R O A D .— Operates 41.23 m.ies of tracg from Harrisburg to Falrvlew
Marysville, Riverton, New Cumberland .W hite H ill, Camp Hill, Shlremanstovvn, Mechanlcsburg, Bolling Springs and Carlisle. 31 cars. Gauge
5 ft. 2 In.; 50 and 100-lb. girder and T-rall.
O F F IC E R S .— Pres., M. C. Kennedy, Chambersburg: Sec.-Treas W L
Ritchey
Chambersburg; A u d ., C. M. Davison, Chambersburg; Su p t.,
O. H . Bishop, Lem oyne.— V . 78, p. 1393.
H A R T F O R D , CONN.
F A R M I N G T O N S T R E E T R A I L W A Y — T ro lley.
O R G A N I Z A T I O N .— This Is the Hartford & W est Hartford Horse R R
sold In foreclosure Aug. 1 1899.
New company organized and began busi
ness on Oct. 19 1899. Old bondholders received stock In exchange for their
bonds.
ST O C K A N D B O N D S—
Par
Interest. Outstanding. Maturltu.
Stock, $189,000 ........................... $100
....................$189,000 (5-6 pd)
D eb en tu res..................................... 1904
5
J-J
30.000 July 1 1924
Loans and notes payable June 30 1908____________
33 011
_
R O A D .— Operates 15.1 miles of track laid with 70-lb. T rails 10 8 miles
o f which It owns and upon4.3 miles of which It has trackage rights. Stand
ard gauge. 20 cars.
R E P O R T .— Year to June 30 1908, gross, $66,435 : net, $8,295
In 1906
0 7 , gross, $62,342; net, $5,335.
O F F IC E R S .— Pres, and Treas., E . D . Robbins, Wethersfield- V .-P
D . Newton Barney, Farmington; Sec. and Gen. M gr., C. E H ubbard'
Hartford.— V . 69, p. 283.
H A T T IE S B U R G , M IS S .
H A T T IE SB U R G TR A CTIO N CO.
O R G A N I Z A T I O N .— Organized In 1906. Sept. 2 1907 purchased H a t
tiesburg Gas. Co. and Hattiesburg Light <fc Power C o., giving company
a monopoly of gas, street railway and electric light business of cl tv. Street
railway franchise 25 years from 1906.
STO C K A N D B O N D S —
Date. Interest.
Outstanding.
Maturity
Stock ($ 5 0 0 ,0 0 0 )....................................................................
$500,000
V'
1st mtge $300,000 ($ 1 ,0 0 0 )] 1908
6 J-J
200,000 J a n ." l 'l 9 2 8
gold— .................................. c*/Stand ard Trust C o., New York, Trustee
Bonds.— Sinking fund retires by purchase $5,000 bonds annually, begin
ning Jan. 1 1909, at a premium up to a 5 % basis; bonds cannot be called
V . 87, p. 97.
R O A D .— Has completed 7 miles of track.
O F F IC E R S .— Pres., S. E . Travis: 1st V .-P .. II. S. Stevens: 2d V - P
H . A . Camp; Sec. and Treas., N . B . Blount.— V . 87, p. 97.
H A V E R H IL L , M A SS.
M E R R I M A C V A L L E Y E L E C T R I C C O .—
A holding company.
O R G A N I Z A T I O N .— Organized In Feb. 1907 and owns 2,139 out of 2 400
shares of the Citizens’ Electric Street R y .; 1 ,082 out of 1,500 shares of Haver
hill & Am esbury Street R y .; 329 out of 400 shares of Salisbury Land & Im
provement C o., and entire 100 shares of Salisbury Beach Corporation stock
S T O C K .—
Date.
Interest. Outstanding.
Maturltu'
Common $1,000,000 ($1 0 0 )___ ______
___________
$690,900
Pref 5 % cum $825,000 ($100).............................. ............
414,700 ~To"o8~5%
Dividends — On r Lrre i -toclr In 1907, 2
In 1908, 5
’
O F F IC E R S .— Pres., James F . Shaw; Treas., George A . Butm an.__ V .
8 4 , p. 450.
(1) H averh ill &
A m e s b u r y Street R y .— T ro lley ro ad.
Default.— Interest due June 1 1908 on the $200,000 debenture notes was
defaulted.
A noteholders’ protective committee has been formed
See
V . 87. p. 1089; V . 88, p. 52.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity
Stock $250,000 (par $ 100) ------- ---------See text
$150,000 O c t .’ 97 3 %
Black Rock & Salisbury Bchl 1891 5 g J-J
94,000 July 1 1911
first mortgage, gold............. ]Intcrest at International Trust Co. Boston
Haverhill & Amesbury consol/ 1892 5 g J-J
196,000 Julv 1 1012
m tge $290,000 g ($ 1 ,000)c*]Interest at American Trust C o., Boston Trus
Debenture n o te s ---------------------1 1896
6 J-D
200,000 Dec i 1911
l Interest at American Trust C o., Boston
"Current Uabll” Sent. 30 1908 ........................... _ _
332,685
ualou’
D IV I D E N D S .— None since Oct. 1897
R O A D .— Has 2 .4 miles of track. Including sidings, &c. 65 cars *
A N N U A L R E P O R T .— For years ending Sept. 30 earnings have been:
Gross.
Net. Int.,taxes,A c. Bat. Sur
1907 -08...............................................$121,552
$38,678
$52,184
$13 506
1906 -07............................................... 121,823
37,806
47,560 d *1 9 754
1 0 0 5 -0 6 ............................................... 123,562
47,664
42,631
5 031
O F F IC E R S .— Pres., E . P . Shaw, Newburyport, M ass.; Sec. and Treas
Geo. A . Butm an.
Office, 8 Congress S t ., Boston.— V . 84, p. 450- V 87*
. 1089; V . 88, p. 52.
,
’
(2) C it iz e n s ’ E le c tric S tr e e t R y . — T r o lle y .
O R G A N IZ A T IO N .— Incorporated In April 1899 and purchased franchises
and property of the Newburyport & Amesbury R R . ana Plum Island Street
R y ., and reconstructed the property.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
J-J
$240,000
Jan’ 0 9 ,2 > 4 %
Stock $240,000 ($ 1 0 0 )...........................
First mortgage $230,000 gold? 1900
5 g J-D
230,000
Dec. 1 1920
_
.............
1 Beacon Trust C o., Boston, Trustee.
Current Uablltlcs Sept. 30 ’ 0 8 ____
____ . .
64.231 - ............... _
. Pny.1^
S — F " r nsoal year ending 1 9 0 1 ,8 % : 1902, 7 % ; i563?0*% "
n l 9 0 4 . 5 X % : In 1905, 5 % ; In 1906, 5 % ; In 1907, 5 % ; in 1908, 5 % ; In
1909, Jan ., 2 y i % .
R O A D .— Owns about 18 miles of track In Newburyport, Including lines
to Haverhill. Amesbury and Plum Island. Operates 35 cars.
E A R N I N G S .— For fiscal year ending Sept. 30 1908 gross, $103 314- net
$41,598: Interest and taxes, $21,082; dividends, $12,000 ; surplus. $8’ .r>16’
O F F IC E R S .— Pres., Jas. F. Shaw, Boston; Treas., O. A . Butman 8
Congress Street, Boston; Su pt., O. F. Flies, Newburyport. Office *33
Market Square, Newburyport.— V . 72, p. 44.
NEW
[VOL. LXXXVIII,
E L E C T R IC R A IL W A Y S
H A M P SH IR E ELEC TR IC R Y S.
O R G A N IZ A T IO N .— Incorporated In August 1905 as successor under
foreclosure of the New Hampshire Traction Co , as per plan In V . 79 p
2205. Company Is managed by a board of trustees.
Owns and controls
the following companies: Amesbury & Hampton Street R y ., Seabrook &
Hampton Beach Street R y ., Haverhill & Plalstow Street R y ., Haverhill
Plalstow & Newton Street R y ., Portsmouth & Exeter Street R y. Dover
Somersworth & Rochester Street R y ., Hudson Pelham & Salem Street R y.
Haverhill & Southern New Hampshire Street R y ., Lawrence & Methuen
Street R y ., Lowell & Pelham Street R y ., Rockingham County Light &
Power C o., Canoble Lake Co. and Granite State Land Co.
All of the capital stock# of these companies are owned by the New H am p
shire Electric R y s., as are also the outstanding bonds of all the companies
with the exception of those given In table below. Franchises of all the con
stituent companies are perpetual.
The Hudson Pelham & Salem Electric R y . was foreclosed July 19 1907
and succeeded by the Hudson Pelham & Salem Street R y . C o..w ith cad
tallzatlon of $200,000 In bonds and $200,000 In stock,all acquired by the
New Hampshire Electric R ys.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
Last D ie
$4,000,000 . .
Common, $4,000,000 ($100).......................................
P ref,4 % n -C , $4,000,000 ( $ 1 0 0 ) ........
............ ..
4 ,000,000 Jn.SO’O SLl^
U N D E R L Y IN G L IE N tj.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
Last D ie.
Dover Somers & Roch 1st M.
g. $300,000 ($ 1 ,0 0 0 ), c* s f 1901
5 g J-J
See text. July 1 1921
$5,000 per ann begins 1904; Interest at American Trust C o., Boston,
bds cannot be called. Guar
Trustee.
p & 1 by Ex Hamp AAmb.J
Amesbury & Hampton 1st M ,] 1899
5 g A -O
See text. Oct 1 1919
gold $100,000 ($ 1 ,0 0 0 )— j ln t . at Beacon Tr. C o.. Boston. Trustee.
Bonds.— Of the $300,000 of the Dover Som . & Roch. bonds all Issued,
$200,000 are owned by the New H am p. Elec. R ys. Of the $100 000 A m es.
& Ham p. bonds, all Issued. $50,000 arc owned by the N . H Elec R ys
$3,000 Am es. & H am p. bonds and $12,000 D ou. Som. & Roch. bonds In
sinking fund Jan. 1909.
E A R N IN G S .— For calendar year 1907, gross. $658,211; net. $153 758Interest and taxes, $22,743 ; surplus, $131,015; 1908, gross, $667 827- ’ net
$153,344; Interest and taxes, $22,221; surplus, $131,123.
’
R O A D .— Companies controlled comprise about 135 miles of track con
necting Nashua, Pelham, Lowell, Lawrence, Methuen, Haverhill Salem
Am esbury, Exeter & Portsmouth. Dover, Somersworth and Rochester__ all
points In N . H . or Mass. Company owns several pleasure resorts. A lso
does electric-lighting business.
Population served, 300,000.
O F F IC E R S .— Pres., D . A . Belden, Haverhill; V .-P ., M . N . Buckner,
New York; Sec. and Treas., F . J. Horne, New York.
T R U S T E E .— The New York Trust C o .— V . 86, p. 420, 668, 1042
H AZLETON , PA .
W IL K E S -B A R R E & H AZLETO N R R .—
O R G A N I Z A T I O N .— Incorporated In New Jersey May 1901, and acquired
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the W ilkesBarre & Hazleton Railway Co. (Pennsylvania Incorporation) and deposited
the sam e, together with $140,000 (entire Issue) of tire Lehigh Traction C o.’ s
5 % certificates of Indebtedness and $922,200 of the stock of $1,000,000 of
the Lehigh Traction C o., as security for the Wilkes-Barre & Hazleton R ail
road Co. Issue of first collateral trust mortgage 5 % gold bonds. V . 72
p. 1281. Franchises are 999 years In and around Hazleton and perpetual
from Hazleton to Wilkes-Barre.
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
Maturltu
Common $2,500,000 ($100)...............................................$2,500,000 ..................
Pref 6 % non-cum $700 ,00 0...............................................
185,500 ..................”
Collateral trust mortgage $ 2 ,-/ 1901
5 g M -N 15 1,900,000 May 15 1951
500.000 gold ($ 1 ,0 0 0 )— c * l l n t . at Guaranty Trust C o., N . Y . , Trustee.
Collateral trust mortgage $1,-1 1905
5 g A-O
1,227,000 O ct. 1 1945
500.000 gold ($ 1 ,0 0 0 )-------c|Int. at Guaranty Trust C o., N . Y . , Trustee.
Bonds and stock.— Of the authorized Issue of $2,500,000 coll, trust bonds of
1901, $600,000 are reserved to retire all bonds of the Lehigh Traction Co. A
sinking fund of $20,000 per annum, commencing June 1 1908, Is to be In
vested In the collateral trust bonds or In bonds purchasable by savings banks
In New York State. See V . 72, p. 1281; V . 78, p .2 8 9 . The collateral trust
terminal bonds have a sinking fund of $10,000 per annum , commencing In
1910. Bonds can be called beginning April 1 1910 at 110.
Preferred stock
can, at option of com pany, be changed at any time Into the bonds of the
company at par, said bonds to bear not less than 5 % , or m ay be redeemable
at par In cash.
E A R N IN G S .— For year ending Dec. 31 1906, gross, $308,536; net.
$165,649.
O F F IC E R S .— Pres., A . Markle; V .- P ., John B . Price; T reas., N . C.
Y ost; Sec., C. J. Klrschner.— V . 83, p. 1292; V . 87, p. 679.
(1) Lehigh Traction Co.— A trolley road.
O R G A N IZ A T IO N .— Chartered N ov. 7 1892. Franchise perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 each the
Hazleton & Suburban Electric R y ., capital $30,000 ; Hazleton & South
Side Electric R y ., capital $75,000 ; Hazleton & North Side Electric R y .,
capital $75,000 . The $140,000 certificates of Indebtedness and $922,200
of Lehigh Traction stock are deposited as security for the Wilkes-Barre &
Hazleton R R . bonds.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock $1,000,000 ($1 0 0 )...................................................... $1,000,000 ..........................
First mortgage $500,000 gold/ 1893
5 g J-D
500,000 June 1 1923
($100, $500, $ 1 ,0 0 0 )____ c*] Markle Bkg. & Tr. C o ., Hazleton, Trustee.
Certificates of Indebtedness___ ______
___________
140,000 ____________
Uazlo Park bonds. $ 0 0 , 0 0 0 .. . 1895
5 g A -O
30,000
1925
R O A D .— Operates 22 miles of track, new 58-lb. steel T rails, oak ties, well
ballasted. Road extends from Hazleton to W est Hazleton, to Yorktown
(connecting with Pennsylvania R R . and Lehigh Valley R R .) , to M cAdoo
(south) and Mllnesvllle. Latimer Mines and Freeland (north).
O F F IC E R S .— Pres., A . Markle; V .- P ., C. B . Houck; Sec., C. J. Klrsch
ner; Treas., N . C. Y ost; Gen. M gr., C. B . H ouck.— V . 64, p. 232, V . 66,
p. 2 3 3 ; V . 72, p. 1279.
(2) Wilkes-Barre & Hazleton R y .— A trolley, steam and third-rail road.
O R G A N I Z A T I O N .— Chartered Dec. 13 1890 under General Railroad Law
Act of April 4 1868, State of Pennsylvania. The Wilkes-Barre & Hazleton
RR. owns the entire stock and bonds.
Decision Regarding Fares.— Judgo Fuller at Wilkes-Barre A u g. 31 1908
granted an Injunction restraining authorities of Luzerne County from
bringing suit to prevent company from raising passenger fares above 2 cents
per mile. Company had reduced rate O ct. 1 1907 In compliance with 2-cent
fare law passed by Pennsylvania Legislature, bu t. finding passenger business
unprofitable on that basis, desired to restore old rates. See V . 8 7 , p. 679.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock $1,500,000 full paid................................................. $1,600,000 ..........................
First mortgage $ 1 ,5 0 0 ,0 0 0 / 1901
5 g M -N
1,500,000 M ay 1 1951
gold.................... - ......................../In terest at Guaranty Trust C o ., N . Y . , Trust.
R O A D .— Owns 27 miles of road from Hazleton to W ilkes-Barre, and uses
for terminals 1 mile Lehigh Traction Co. track at Hazleton and 2 m'les
Wilkes-Barre Terminal R R . Co. track at Wilkes-Barre; total, 30 miles.
Commenced partial operations on Jan. 12; remainder on May 1 1903.
Ralls, 95 lbs.
E A R N IN G S .— For 12 months ending Dec. 31, 1907, gross. $182,212; net.
$90,070.
In 1906, gross, $150,056; net, $92,018.
O F F IC E R S .— Pres.. A . Markle: V .-P . and Gen. Mgr., C. B. HouckTreas., N . C. Y o st: Sec., C. J. Klrschner; Supt. of Transportation, A . f !
Harger.
(a) Wilkes-Barre Terminal R R .—
O R G A N I Z A T I O N .— Incorporated on O ct. 9 1903. Stock authorized
and outstanding, $35,000 (par $50).
Bonds authorized, $600,000 (c& r):
outstanding, $60,000 ($1,000).
Date 1905; due Oct. 1 1945.
Int. (5 g .
A-O) payable In New York. R O A D , 3 miles, between VV. B. Ter. R R
June, and Wilkes-Barre. Ralls, 90-lb. T ; gauge, 4 ft. 8 H In. Pres. J T .
Keith; Sec., A . P . Goedecke; T reas., J. J. McGeehln.
H ELEN A, MON.
TH E H E L E N A L IO U T & R A I L W A Y CO.— Trolley, electric light and
power, gas light and fuel.
O R G A N I Z A T I O N .— Incorporated In Connecticut In Sept. 1005 as suecessor to the Helena Light & Traction Co. V . 81, p . 1043. Controls the
Helena Gas Light <5s Coke C o.; comprises the city’s entire street railways
and gas and electrlc-llght plants.
Franchises expire April 4 1020.
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Common $ 9 0 0 .0 0 0 ..................................................................$561,000 N o v . *07, 1 %
Preferred $600,000 5 % c u m . . ------5 Q-J 31
374,000
Feb’09, 1M
First mortgage $1,500,000? 1005
6 g M -S
875.000
Sept. 1 1925
gold ( $ 1,000) ............... In t. at Knickerbocker Tr. C o ., N . Y . , Trust.
Bonds.— 'T he new bonds of 1005 are subject to call at 105 and Interest on
or after Sept. 1 1910, $610,000 are reserved for extensions and Improvements,
of which $500,000 m av be Issued only for 8 5 % of cost. A sinking fund
of 1H % per annum of bonds outstanding commences June 1 1908, which
will be Increased to 2M % per annum June 1 1018; said fund to be u«ed In
retirement of bonds at not higher than 105 and Interest. See V . 81. d . 1550.
$15,000 have been retired by sinking fund to date.
Dividends.— Five per cent per annum In quarterly Installments Is being
paid on pref. stock. First dividend on com m on, 1 % . paid O ct. 31 19 0 6 .
In 1907, Jan. 31, 1 % ; A u g. 1, 1 % ; N ov. 1, 1 % ; none since.
E A R N I N G S .— For 12 months ending Dec 31 1908, gross, $270,674; net,
$96 413; fixed charges, $42,106 . sink, fund, $13,100 ; surplus, $41,207 .
■
R O A D .— Operates 17 miles of track.
O F F IC E R S .— Pres., P . G. Gosslcr. New York; V .- P ., M . H . Gerry Jr..
Helena; Sec., H . S . Collette, New York; Treas., T . F . W ickh am , New
York; A sst. Sec. and A sst. Treas., A . B . Sibley. Operated under the gen
eral management of J. G. W hile & Co. In o., New York C ity.— V .8 1 . p .7 7 7 ,
8 8 9 , 1043, 1550; Y . 83. p. 1037.
F e b ., 1 9 0 9 .]
E L E C T R IC
H EN DERSON , K Y .
H E N D E R S O N T R A C T I O N .— A tro lley ro a d .
O R G A N IZ A T IO N .— Incorporated In Kentucky Feb. 22 1907 as a sue
cessor to the Henderson City R y ., sold at foreclosure on Feb. 18 1907.
The old railway had a 3u-yeai franchise granted In O ct. 1M86, and also con
trolled the Henderson Ferry C o., which has since been sold. V . 84, p. 508.
ST O C K A N D B O N D S —
Date.
interest. Outstanding.
M aturity.
Stock $150,000 ($1 0 0 )........................................................
$150,000 .......................
First
mortgage,
$ 1 5 0 ,0 0 0 / 1907
SgA-O
105,000 Apr.15 1927
($1,000, $500, $100) gold . _] ln t. at Ohio Bkg. & Trust C o., Henderson.Tr.
Bonds.— Of the 1907 mortgage, the $105,000 bonds outstanding were used
to purchase the Henderson City Railway. The remaining $45,000 are
reserved for extensions and Improvements. They are subject to call on
April 16 1912, 1917 and 1922 at 105. No sinking fund.
R O A D .— Operates 6 miles of street railway.
O F F IC E R S .— Pres., Chns. A . HInsrh: V .-P ., H . P. Barret: Sec. and
Treas., Chas. E . D allam .— V . 83, p. 380; V . 84, p. 339, 1428.
H O LY O K E , M ASS.
H O LYO KE
STREET
R A I L W A Y . — T ro lley.
O R G A N I Z A T I O N .— Leases the M t. Tom (Incline) R R . until June 1 1922
at 6 % per annum on the $100,000 stock.
In 1907 Issued $00,000 stock for
the purchase of the Hampshire Street R y . (previously leased) on a sharefor-share basis. V . 85, p. 40.
In Aug. 1907 Issued $120,000 additional
stock for the purchase of the Amherst & Sunderland Street R y . on a sharefor-share basis (V . 85, p. 294), giving a through connection from Holyoke
to Amherst and Sunderland,
ST O C K —
Date.
Interest. Outstanding. Maturity, A c.
Stock, $ 1 ,073,600 ($ 1 0 0 )____
$1,073.000 Jan.M o, 4 %
M J-.1
250.000 April 1 1915
Deb bonds ($500, $ l ,0 0 0 )_ _ c * 1895
5 A-O
85,000 Oct. 1 1920
Deb bonds ($500, $ l ,0 0 0 ) ^ .c * 1899
5 A-O
265.000 April 1 1923
5 A -O
Debenture bonds_____ _________ 1903
Leased line rental Mt Tom R R ]
stock 6 % ............... .....................} _____
6
100,000 .......................
Current liabilities Sept 30 1908 ............................. 06,772 ......................
Interest on all bonds payable at Holyoke National Bank.
Dividends.— In 1892 to Jan. 1909 Inclusive, 8 % yearly.
R O A D .— Has 68.7 miles of track, Including M t. Tom (Incline) R R .,
4,900 feet long, and connecting with the W oronoco Street R y . to Westfield
Mass. Passenger cars, 127; other service cars, 26; snow-plows, 8 ; other
vehicles, 8: electric motors. 277.
E A R N iN G S .— Years ending Sept. 30 (1907 figures Include 2 months
oarnlngs of Amherst A Sunderland Street R y ):
1008.
1007.
1008.
1907.
Gross earnings___ $467,545 $480,779 D lvs. paid ( 8 % ) . . $82,144
$64,000
Net ........................... 156,479
180,453 Balance for y e a r .d f.34,709 sur.8,479
Interest,taxes,& c. 109,128
107,974
Balance for d lv s. _ 47,345
72,479
Surp. Sept. 3 0 . $63,427 $98,226
O F F IC E R S .— Pres., Gen. Mgr. and Pur. A g t ., W m . S. Loomis; Sec. and
Treas.. Louis D . Pelllssler; Su p t., G. H . H unter, all of H olyoke.— V . 85,
p. 40, 284; V . 86, p. 5 2 . __________
H O T S P R IN G S , A R K .
H O T S P R I N G S S T R E E T R A I L R O A D .— T ro lley.
O R G A N I Z A T I O N .— Chartered In 1894; successor to H ot Springs Electric
Street R y.
STO C K A N D B O N D S —
Date.
Interest. Outstanding.
Maturity.
S t o c k ..........................................................................................
$100,000 .......................
First mortgage gold ($250,000) 1894
6 g J-D
200,000 June 1 1924
St. Louls-Unlon Trust C o .. S t. Louis, M o ., Trustee.
R O A D .— Operates 12 miles of track.
O F F IC E R S .— Pres., S. W . Fordyce; V .- P ., H . E . Martin; Sec. and
Treas., J. R . Mosby.
H O U G H T O N , M IC H .
H O U G H T O N C O U N T Y T R A C T I O N C O .— T ro lley ro ad .
O R G A N I Z A T I O N .— Organized In 1908 and took over Houghton County
Street R y ., which latter company was Incorporated In 1899. Franchises
In public streets expire In 1930 and 1933,
~
'
Private
right of- way perpetual.
STO C K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
Common. $750,000 ($ 100) .................................................
$750,000
Pref., 6 % cum $500,000 ($10 ) ____
A -O
205,1 00 O ct. ’08, 3 %
1st consol mtge $1,600,0001 1908
5 g J-J
400,000 Jan 1 1037
($500 and $1,000) gold-------I Int. at City Trust C o ., Boston, Trustee.
Hough Co St R y mtge $ 7 5 0 .-/ 1900
5 g J-J
750,000 July 1 1 9 2 0
000 gold ($ 1 ,0 0 0 ).......... - - c * l l n t . at Boston Safe D ep. A Tr. C o., Trustee.
Stock and Bonds.—•■-Preferred stock Is redeemable at 110. $750,000 consol,
m tge. bonds reserved for prior Hens: $450,000 for future additions; they
are subject to call as a whole at any time after O ct. 1 1011 at 105 and lnt.
Sink, fund 1 ) 4 % of outstanding bonds after March 1 1910. The Houghton
County Street R y. bonds can be called as a whole or In part at 105 and lnt.
V . 87, p. 614.
R E P O R T .— For year ending Dec. 31 1908, gross, $265,576: net, $117,331;
Interest, $59,632; dividends ( 6 % ) , $12,306; surplus, $45,393.
R O A D .— Owns 31.08 miles of track. Including lines from Houghton to
Hancock and from Hancock to Laurlum, Red Jacket, Mohawk, Lake
Linden and Tamarack City; 35 cars. 60, 70 and 85-lb. rails; standard
gauge.
O F F IC E R S .— Pres., Frederick S. Pratt, Boston: V .- P ,, Frederic J.
Bawden, Houghton, Mich.; Sec., Alvah K . Todd, Boston; Treas., Henry
B . Sawyer, Boston; M gr., W . H. McGrath, Houghton, M ich.; Gen. Mgrs.
and Transfer Agents, Stone & W ebster, Boston.— V . 87, p . 614.
H UDSON, N. Y .
A L B A N Y * H U D S O N R A I L R O A D C O . — T h i r d rail.
O R G A N I Z A T I O N .— Incorporated In New York on March 12 1903, and Is
successor to the Albany & Hudson Railway & Power C o., sold under fore
closure o n Feb. 11 1903, per plan In V . 76, p. 847. Franchises are perpetual.
The Interests which control this road propose to build a 22-mlle extension
from Nassau to the State line, under the title of Troy Albany & Pittsfield
Street R y. (V. 86, p. 667) as part of a through route between Albany and
Pittsfield, Mass.
Funding of Coupons.— In Feb. 1908 bondholders were requested to
exchange coupons due March 1 and Sept. 1 In 1008 and 1909 for negotiable
certificates convertible Into first mortgage bonds, the bonds to be taken
at the price of 87 Vj. so that for each $875 of counons a $1,000 bond will be
g i v e n . V . 86. p .6 6 7 . Up to latest accounts $ 1 , 4 0 0 , 0 0 0 bonds h a d accepted
proposition.
STOC K A N D B O N D S
Interest. Outstanding.
Date.
M aturity.
C om ., $1,000,000 ( $ 1 0 0 ) _____
....................
$750,000
Pref., 5 % cum. after 1908,)
$1,000,000 ($100) ________ / .....................................
1.000,000 _______
1st m ort., $2,000,000. gold] 1903
5 g M-S
1,750.000 Mar. 1 1943
( $ 1 ,0 0 0 ) ................................c* jln t . at Trust Co. of America, N . Y . , Trustee.
Bonds.— Interest was 4 % until March 1 1906 but Is now 5 % .
No sink
ing fund and bonds cannot be called. See V . 75, p. 847.
R O A D .— Operated by third-rail system from Hudson via Rennselacr to
A lbany. Comprises 37 miles of main line and 9 miles of sidings, with 2
additional
Utlonal miles oi
of ovcincaa
overhead trolley
troney road to Hudson.
Hudson, Total,
t otal, 48 miles.
In
Feb.
‘ contract
- — giving
................................................................
). 1
1900 made
It privilege to enter Albany over the
eks of the United Traction of Albany. Operates 30 passenger cars and
tracks
freight
and express
cars,. and 3 _____,._______
snow plows. _____
Ralls 70 and 80-lb. steel,
14 fre
ig h t_______
^ .
standard gauge. Supplies light and power along route.
E A R N IN G S .— For fiscal year ending June 30 1908, gross, $345,267; net
$112,676; fixed charges, $114,203; deficit, $1,527.
O F F IC E R S .— Pres., A . M . Young; 2d V .-P ., Clinton L. Rosslter; Sec.
and Treas., H . G. Runkle, 100 Broadway, N . Y .; Gen. M gr.. R l i . Smith.
— V . 79, p. 680; V . 82. p. 803; V . 86, p. 667; V . 87. p . 1237.
H U N T IN G T O N , W . V A .
O H I O V A L L E Y E L E C T R I C R A I L W A Y C O . — A trolley r o a d .
O R G A N IZ A T IO N .— Incorporated In W est Virginia In 1900.
In June
1906 we were advised that franchises, such as are not perpetual, then had
from 15 to 40 years to run.
Change of N am e.— In Feb. 1908 name was changed from Camden Inter
State R y . to the Ohio Valley Electric Railway. On May 1 1908 acquired
$500,000 stock of Kanawha Valley Traction Co. and Issued pref. stock to
pay tor purchase.
^
51
R A IL W A Y S
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Common $2,00 0 ,0 0 0 ($ 1 0 0 )...............................................$2 ,000 ,000 .......... ...............
Pref 6 % cum $400,000 ($ 100) ..........................................
338,100 .......................
Cam Inter-State new M , $1,-1 1901
5 g M -S
1,350,000 Mar 1 1921
500,000, g ($ 1 ,0 0 0 ). no s f, JCltlzens’ Trust & Guaranty C o., Parkersand cannot be called, .c & r j
burg, Trustee.
5 J-J
175,000 Sept 1 1936
Hunt & Chariest R R guar b y ] ____
Camden Inter-State_______ lin t , at Real Estate Trust C o., Philadelphia.
Cons. L t. & R y. M ., g u a r ....................
6 % M -A 2 7
100.000 A g 6 1922
Ashl. & Cattl. M ., g u a r ........................
6 % J -J
50,000 Jan 1 1919
Bonds.— $150 ,00 0 of the new bonds are reserved to retire prior lie s of like
am ount.
Interest on the bonds Is payable at the Union Trust & Deposit
Co. of Parkersburg.
E A R N I N G S .— For calendar year 1908 (Including Kanawha Valley Trac
tion), gross, $ 4 93 ,74 8. In 1907, gross, $410,740.
R O A D .— Operates 37 miles of track In and between Huntington, W . V a .,.
Cattlettsburg and Ashland, K y ., and Ironton, Ohio.
O F F IC E R S .— Pres., H on. W m . C. Sproul, Chester, P a .; V .- P ., W m . S .
Ellis, Philadelphia; Sec. and Treas., Thos. M cK . H ays, Huntington; Gen.
M rg., W . W . Magoon, H untington.— V . 80, p. 471; V . 83, p. 332, 4 9 1 :
V . 86, p. 603.
(1) K a n a w h a V a lle y T r a c tio n C o .
O R G A N IZ A T IO N .— Incorporated In W est Virginia In 1905. Stock
owned by Ohio Valley Electric R y .
STO C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Stock. $500,000 ($100)............. .... ...............................
$500,000 ____________
First mortgage, $ 2 ,0 0 0 ,0 0 0 ) 1906
5 J-J
875.000 Jan 1 1946
( $ 1 ,0 0 0 ) ................................ c* jln t . at Fidelity Trust C o., Phlla., Trustee
R O A D .— Operates 12 miles of track In Charlestown, W . V a . 70-lb.
T rail. Standard gauge.— V . 83, r>. 323.
IN D IA N A P O L IS , IN D .
B R O A D R I P P L E T R A C T I O N .— A tro lley ro a d .
O R G A N IZ A T IO N .— Organized as successor to the Indianapolis & Broad
Ripple Rapid Transit Co. sold at foreclosure July 1899. The Indianapolis
St. R y . owns about 7 5 % of stock, but organization separate.
Road Is op
erated both by the Indiana Union Traction C o.a n d the Indianapolis Trac
tion & Terminal Co.
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity
Stock, $100,000 (par $ 1 0 0 ) .................................... ......... $100 000
Mtg. gold, $400,000 ($ l,0 0 0 )c * l 1899
5 g J-J
400,000 Ju’l y 'l " l 9 3 3
Jlnt. at Guar. Tr. & S .D .C o (Phila.), Trus.
Bonds.— Are guaranteed p. and 1. by Indianapolis St. R y. N o. s f ., and
bonds cannot be called. The Indiana Northern Tract. Co. als > guar the
principal and Interest of half ($200,000) of the bonds and half of the Interest
of the remaining $200,000 bonds until May 1913.
R O A D .— 7
miles of track from Indianapolis to Broad Ripple Park.
O F F IC E R S .— Pres., John B . W arner; Sec., John D. Thomson; Treas.,
E. B . Peck.— V . 69, p. 180; V . 73, p. 137, 183; V . 78, p. 1167.
IN D IA N A P O LIS TR A C TIO N
&
TER M IN A L C O —
O R G A N IZ A T IO N .— Incorporated In Indiana on Aug. 4 1902 with
$500,000 capital, which was Increased In Jan. 1903 to $5,000,000 ($1 500 000 b e i n g g i v e n t o t h e I n d i a n a p o l i s S t r e e t R a i l w a y s h a r e h o l d e r s a s a b o n u s ) ,
to lease the Indianapolis St. R y. and to provide terminal facilities for all
lnterurban electric roads now entering or yet to enter Indianapolis. Fran
chise Is for 31 years, under the terms of which the company is to pay the
city 4 cents per car for the first 11 years. 6 cents for the next 10 years and 9
cents for the remaining 10 years. On Dec. 29 1902 leased for 31 years the
Indianapolis Street R y . V . 75, p. 1301.
lnterurban railways enter the city under agreements by which they pay
3 cents per passenger for all passengers carried In the city limits and an
additional 1 cent for those using the terminal station. V . 81, p. 264.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
iMSt D it
Stock, $5,000,000 ............................. ..............................
$5,000 000 Dec 3 1’08 1%'
1st m ort., $5,000,000, gold] 1903
5 g A -O
4 ,250,000 Jan. 1 1933
($1,000), s. f ...................... c ’ j l n t . at Guaranty Tr. & S. D. C o., Phlla., Tr.
Bonds.— $750,000 are reserved for extensions and betterments. A
sinking fund provides for the payment annually of 1 1 -5 % of bonds out
standing, Including those In the sinking fund. See V . 76, p. 1085.
Bonds
may be drawn for sink, fund after Jan. 1 1908 at 102 ^ and Interest and are
subject to call at that price after Jan. 1 1908. See V . 81, p. 264.
Dividends.— First dividend on stock, 1 % , was paid Dec. 31 1908.
R O A D , &c.— In addition to 136 miles of Indianapolis Street R y ., has
completed 18.1 miles of single track and owns large office and terminal
building, trainsheds and three freight depots centrally located In Indianapo
lis; also real estate on which same are constructed. This terminal is used
by all lnterurban roads (12 In number) entering Indianapolis. Owns
electrical and steam equipment of 7,000 k. w . capacity. Has 92 double
truck closed and 35 double truck open city cars.
E A R N IN G S .— For calendar years;
Year—
Gross.
Net.
Charges.
Surplus.
1908................................................ $2,673,436
................. .................
__
2,683,826
$1,475,143 $1,250,582 $224,561
1907................
1906--------------------------------------- 2,503,284
1,424,468
1,234,294
190,174
1905................................................ 2,247,496
1 ,289,340
1,073,010
21 6 ,3 3 0
O F F IC E R S .— Pres., Hugh J. McGowan; V .-P . & Gen. M rr., R obt. I .
Todd; V .- P ., E . B. Peck; V .-P ., John J. Appel: V .-P ., H . P. W asson;
V .- P ., Marshall S. Morgan; Sec. & Treas., W . F. Mllholland. V . 81, d .
264; V . 8 2 , p. 627; V . 83. p. 1411; V . 87, p. 1664.
(1) Indianapolis Street R y.— A trolley system.
O R G A N IZ A T IO N .— Incorporated In Indiana March 7 1899. After
acquiring the Citizens' Street R R . of Indianapolis and the City Railroad,
made a contract with the City of Indianapolis agreeing to surrender the
rights and franchises of both companies and accept a new franchise running
only thirty-four years. The contract also provides that cash fares are not
to exceed five cents, with free transfers, and tickets are to be sold at the rate
of six for twenty-five cents and twenty-five for one dollar.
The company also binds Itself to pay over to the city (which Is to expend
It on the public works) the sum of $30,000 yearly from 1899 to 1925, and
$50,000 yearly from 1926 to 1932, Inclusive, the contract expiring In 1 9 3 3 sec V . 68, page 723. The city gets the right to purchase the property “ at
any time within two years and not later than one year before the expiration
of this con tract." nothing to be paid for the value of the franchise. Law
sustained May 1902. V. 74. p. 936.
As to the three-ccnt fare case, which the U . S. Court of Appeals decided
In favor of the Citizens’ Co. In Dec. 1897, see Supplement of N ov. 1898. and
V . 64, p. 842, 1180; V . 65, p. 51. 181, 1172.
Guarantees the ($400,000) bunds of Broad Ripple Tiaction C o., and owns
7 5 % of Its stock.
Lease.— On Dec. 29 1902 was leased to the Indianapolis Traction & Ter
minal Co. for 31 years. See V . 75. p. 1301.
Lease provides for dividend of
1 % Jan. 1 1903. then 3 % In semi-annual Installments for first year. 4 % for
second year. 5 % for third year and 6 % after July 1906. As part consfdcrat ;on for lease, Indianapolis St. R R . shareholders were given $1,500,000
tnd. Trac. A Term , stock.
STOCK A N D B O N D S—
Date.
Interest. Outstanding. M aturitvA c
Capital stock ($100) ...............................
J-J
$5,000,000 J m ’ 09, 3 %
Indianapolis St. R y. gen.) 1899
4 g J-J
6,000,000 Jan. 1 1 9 3 3
M.
$6,000,000,
gold in terest at Guar. Trust & Safe Deposit C o ..
($1,000), guar-------------- c *
Phlla., Trustee.
Citizens’ St. R y . 1st M ..] 1893
•5 g M -N
4,000,000 May 1 1 9 3 3
$4,000,000 g o l d . . . ..........c• / Central Trust C o., New York Trustee
Interest on Citizens’ consols at Fourtn Street N at. Bank, Philadelphia'
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been can
celed. No bonds reserved for the Citizens’ consols. The company binds
Itself to pay to the Indiana Trust Co. a sum annually sufficient to redeem
at maturity the greater part of the entire Issue of Indianapolis Street R y .
bonds: this provision Is guaranteed by the Indianapolis Traction & Terminal
Co. See V . 76, p. 542.
Stock and bonds listed on Phlla Stock Exchange. V . 69, p. 851.
R O A D .— Operates 136 miles of track, with 350 cars. 90-lb. rail.
O F F IC E R S .— Pres., George Brown, Indianapolis; 1st V .-P ., H . S .
New; 2d Vlce-P e s ., Joseph S. Neff. Philadelphia; Sec. and Treas. Henry
Jameson; A sst. Sec. and Asst. Treas., C. E . Morgan 3d, Philadelphia
V.
76, p. 48 542, 593, 1085; V . 79, p. 151.
P
IN D IA N A P O L IS
COLUM BUS
&
SO UTH ERN
TR A CTIO N
C O .— A
trolley road.
O R G A N IZ A T IO N .— Formerly the Indianapolis Greenwood & Franklin
R R ., which company was Incorporated in Indiana In 1895. Name changedas above In Jan. 1903.
F e b ., 1909.|
E L E C T R IC
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock, $1 .tmu.OOO________ __________ _
___________
$930,000 ..................
1st
mortgage,
$1,000,0001 1903
5 g F -A
68 2 ,0 0 0 Feb. 1 1923
gold ($1,000).......................e* j Int- at Trust Co. ot N . A m e r., Phlla., Trus.
Bonds.— Cannot be called. $318,000 arc reserved for extensions and Im
provements at not exceeding $13,000 per mile. See V . 70, p. 654; V . 82,
p. 1212.
E A R N IN G S .— For year ending Dec. 31 1908, gross, $344,693; net, after
taxes, $132,345; Interest, $33,683; surplus, $98,662 . In 1907, gross, $265 ,
883; net, after taxes, $107,550; Interest, $31,750; surplus, $75,800.
R O A D .— Operates 02.3a miles oi track between lnulauapobs, Franklin
and Columbus and Seymour, of which 3.86 miles belong to Ind. Trac. & Ter.
Co. Standard gauge, 60-lb. T rail. Mostly private right of w ay. The e x
tension to Seym our, 20 m iles,w as completed Oct. 1907. It connects with
Indianapolis & Louisville Traction C o ., thus forming a through line from
Indianapolis to Louisville.
O F F IC E R S .— Pres , Jos. I. Ir w ln ;V .-P ., W m . G. Irwin; Sec. and Treas,.
Ira E. Guthrie; Gen. M gr., A . A . Anderson, all of Columbus, Ind.— V . 77,
p. 823: V . 78, p. 1446; V . 82, p. 928. 1212; V . 86, p. 421.
T E R R E H A U T E I N D I A N A P O L I S & E A S T E R N T R A C T I O N . — (See
M a p on page 52.)
O R G A N IZ A T IO N .— Incorporated In Indiana on March 23 1907 and
acquired by purchase (1) Indianapolis & Eastern R y .; (2) Indianapolis
Coal 'fraction; (3) Indianapolis & Western Traction; and (4) Richmond
Street fa Interurban R v.
On March 25 1907 leased the Terre Haute Traction & Light Co. for 999
years (see terms under that company below), and In April 1907 leased for
999 years the Indianapolis & Northwestern Traction and the Indianapolis oc
Martinsville Rapid Transit (see terms under respective companies).
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Common stock, $ 12,5 0 0 ,0 0 0 . . ------------------$8 ,000 ,0 0 0 ------------------Preferred stock, $ 1 2 ,5 0 0 ,0 0 0 ..
....................- - 8 .0 0 0 ,0 0 0 . . .
1st m tge, $10,0 0 0 ,0 0 0 ............... 1 1007
5 g A -O
5 500,000 April 1 1932
\Fidelity Trust C o., Philadelphia, Trustee.
Bonds.— Of the first m tg e .,$ 1,0 0 0 ,000 Is reserved to retire like amount
of bonds of Indianapolis ,'fc Eastern R v. and Indlananolls & Greenfield.
E A R N IN G S .— For year ended Dec. 31 1908, gross, $ 2 ,328,846; operating
expenses (Including rentals, taxes, Interest and sinking fund on $1,000,000
underlying bonds on owned mileage), $1,964,496; net, $364 ,35 0.
R O A D .— Operates a modern high-speed electric railway over lines
which comprise a continuous route from and Including the city of Paris In
Illinois through the city of Terre Haute and towns of Brazil, Greencastle,
A m o, Clayton and I*lalnllckl to the city of Indianapolis, and thence through
the towns of Greenfield, Knlghtstown, New Castle and Cambridge City to
the city of Richmond In Indiana; also a line running south from Indianap
olis to Martinsville, Ind.; a line running west from Indianapolis to Danville,
Ind • and a line running northwest from Indianapolis to Crawfordsvlllc
and Lafayette, and from Terre Haute a line north to Clinton, Ind ., and a
line south to Sullivan, In d ., comprising a total mileage In single track of
379.54 miles.
_ _ ,.
_
. „
„
O F F IC IA L S .— Pres., Robert I. Todd; Sec. & Treas., Jos. A . McGowan.
Directors.— Hugh J. McGowan, W . Kelsey Schoepf, Randal Morgan,
Robert I. Todd. J. J. Appel, Jos. A. McGowan and E . B . Peck. V . 84,
p. 572, 750, 869, 997; V . 88, p. 296.
(1) Indianapolis & Eastern R y .— An electric road.
O R G A N IZ A T IO N .— Organized In 1902 under the laws of Indiana as a
consolidation of the Indianapolis & Greenfield R apid Transit and the In
dianapolis & Eastern Traction.
Franchises are for 50 years In Marlon and
W ayne counties, perpetual In Hancock and Henry counties and 30 years In
the cities of Greenlleld and Knlghtstown.
Entire Issues of both common
and preferred stoeks are owned by the Terre Haute Indianapolis &
Eastern Traction.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Com , $1,000,000 ( $ 1 0 0 ) ...................................................$1 ,0 0 0 ,0 0 0 .........................
P f.. $200,000 ($100) - ............... - .....................................
165,000 .......................
1st consol, m tge., $ 1 ,0 0 0 ,OOOf 1902
5 g J-J
7 00,000 July 1 1 9 2 7
gold ($1,000), s. f ----------c ’ f l n t . at Mercantile Trust C o ., N . Y . or at
l Central Trust C o., Indianapolis, Trustee.
Ind. & Green. 1st M ., $ 3 0 0 .-f 1899
5 g J-J
3 0 0,000 Jan. 1 1929
000 ($1,000), gold---------c*( Int. at Clt. Savings & Trust C o .,T r ., Cleve.,
I or at First National Bank, N ew York City.
Bonds.— Of the $1,000,000 consols authorized, $300,000 arc reserved to
retire the Indianapolis & Greenfield first 5s. A sinking fund becomes oper
ative after 5 years.
Fund Is to be Invested In the com pany’s bonds If they
can be bought at not more than 105 and Interest.
Bonds cannot be called.
See V . 75, p. 342. On the Ind. & Greenfield bonds, $12,500 Is payable
yearly to a sinking fund beginning O et. 1 1904, with which bonds beginning
with N o. 1 are being purchased at 105 and accrued Interest; $60,000 have
been so purchased. The $200,000 2d mtge. bonds of 1904 have been can
celed and mortgage discharged.
R O A D .— Owns about 60 'A miles of track. Including 50 miles from Indi
anapolis city line, where it connects with the Indianapolis Street R y ., over
whose track It operates within Indianapolis under a 33-year contract, to
Dublin, where connection Is made with the tracks of the Richmond Street
Railw ay. Also operates a branch of 10 miles from Dunrelth to Newcastle
on private right of w ay. 70-lb. T rails.— V . 78, p. 229, 2012; V . 80, p. 711;
V . 81, p. 975; V . 83, p. 37.
(2) I n d i a n a palis Coal Traction.— An electric road.
O R G A N IZ A T IO N .— Incorporated In 1901 and is successor to the Indian
apolis A Plainfield Electric R R . Co. In April 1907 was sold to the Terre
Haute Indianapolis A Eastern Traction C o., which owns entire $2,500,000
stock.
No bonds.— V . 84, p. 749.
( 3 ) I n d i a n a p o l i s & W e s t e r n Railway C o. — An electric road.
O R G A N IZ A T IO N .— Incorporated In Indiana In 1905.
Entire Issues of
both common ($1,250,000) and preferred ($750,000) stock are owned by
the Terre Haute Indianapolis A Eastern. No bonds.— V . 84, p. 570, 749.
(4)
R ich m o n d Street & In teru rb an R y .
Capital (authorized). $600,000; outstanding, $517,500; all of which Is
•wned by the Terre Haute Indianapolis A Eastern. A ll bonds have been
eanccled.— V . 84, p. 749.
(5) T e r r e H a u t e T r a c t io n &
Ligh t Co —
Leased.— In March 1907 was leased to the Terre Haute Indianapolis A
Eastern Trac. Co. for 999 years. The latter company guarantees 6 % on
the outstanding pref. stock and 2 % on common for \ % years, 3 % for
1 year, 4 % for 1 year,and 5 % thereafter (1st semi-annual dividend of 1 %
payable March 31 1008), and $1,000 per year for organization expenses
V . 84. p. 750.
O R G A N IZ A T IO N .— Is a consolidation In 1004 of the Terre Haute Elec
tric Co. and the Terre Haute Electric Traction Co. Principal railway
franchises expire 1952; principal lighting franchise perpetual- other fran
chises areraga 3# years from Jan. 1 1906. Leases Terre Haute A Western
Railway Co.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Common, $2,000,000 ( $ 1 0 0 ) ............................................$ 2 ,0 0 0 ,0 0 0
- ............... ..
Pref., $1,000,000 ($100) 6 % c u ____
M-S
530,000 Mch'OO. 3 %
First cons, m tge., $5,000,0001 1904
5 g M -N
2 ,778,000 May 1 1 9 4 4
Ko l d _______________________ J Interest at State Street Trust C o., Boston.
Terre Haute Electric 1st m tg.l 1899
5 g J-J
1,500,000 July 1 1 9 2 9
$1,500,000 gold ($1,000) c ’ j ln t . at Boston Safe D ep .A T r. C o., Boston.
Bonds.— The Union Trust Co. ot Indianapolis and the Boston Safe Deposit
A 'rrust Co. are Joint trustees of the Terre Haute Electric mtg
Of the
$5,000,000 consols, $1,500,000 are reserved to retire prior liens. The new
bonds are callable as a whole at 110 and Int. on any lnt. date. A sinking
fund of 1 % of outstanding bonds commenced May 1 1906. $65,000 was
held by this fund in Feb. 1909. The United States Trust Co. of Terre
Haute and the State Street Trust Co. of Boston are trustees of this m tge.
See V . 78, p. 2013
R O A D .— Embraces 100.25 miles of track In Terre H aute, Including lines
from Terre Haute to W est Terre Haute, Clinton, Brazil, Sullivan, In d .,
and Paris, 111. Ralls, 40 to 80 lbs. 95 cars.— V . 84, p. 750.
( a ) T e r r e H a u t e & W e s t e r n R y. Co.— An electric road.
Lesaed to Terre Haute Traction A Light Co. for 990 years from N ov. 1907.
O R G A N IZ A T IO N .— Incorporated 1 i 1907 In Illinois. Road extends
from the Indiana State line near Sanford, In d ., to J-Parls, 111., 11.6 miles.
Began operation O ct. 25 1907.
Is entirely on private right-of-way.
Common stock authorized and Issued, $200,000; preferred stock author
ized and Issued, $150,000. F rst mortgage
Donds authorized and
outstanding, $250,000, due N ov. 1 1937. IVew England Trust C o., Bos
ton, trustee. Prln. and Int. guaranteed by endorsement by Terre Haute
Traction A Light Co. Entire common and preferred stock owned by
Terre Hawte Traetlon A Light Co.
R A IL W A Y S
53
(6) I n d i a n a p o l i s & N o r t h w e s t e r n T r a c t i o n C o . — An electric r o a d .
Lease.— In April 1907 was leased to the Terre Haute Indianapolis A
Eastern Traction for 999 years. The latter company will pay the Interest
on the bonds: also \ % % quar. or 5 % per annum on the $450,000 pref.
stock and $500 per year for organization. V . 84, p 869.
Entire Issue of common stock owned by the Terre Haute Indianapolis
A Eastern Traction.
O R G A N I Z A T I O N .— Organized In 1902 In Indiana. Operates a m odem
high-speed Interurban railroad, standard-gauge, located upon private right
of way outside of the city corporate limits.
Extends northwesterly from
the city of Indianapolis through the cities of Lebanon and Frankfort to the
c‘ ty of Lafayette, with a branch from Lebanon to Crawfordsvllle, each of
which cities Is the county seat of Its respective county. Has trackage
fiShts to the business centres of Indianapolis and Lafayette.
the franchises run for 31 to 50 years and permit the carrying of freight,
express and mall, as well as passengers.
STOCK A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Common. $2,550,000 ..........................................................$ 2 ,550,000 ______________
Pref. ($ ,00,000) cu m ........... _ _ .........
5 Q-J
4 50,000 .................... _
1st m tge., $ 3 ,000,000, goldl 1903
5 g M-S
2 ,4 7 0 ,0 0 0 Mar. 1 1923
( $ 1 ,0 0 0 ) ---------------------------c*JInt. at Knickerbocker Tr. C o., N . Y . , Trust.
Bonds.— The remaining $530,000 for Improvements and additions at 50 %
and 75 % of cost. No sinking fund, but bonds can be called on any Interest
date at 110 and interest.
E A R N IN G S .— For year ending Dec. 31 1908: Gross, $399 ,36 8; n e t,
$178,851; in t., $123,500; dlvs., $22,500; surplus, $32,851 .
R O A D .— Embraces 92.25 miles of track between Indianapolis, Zlonsville, Lebanon, Frankfort and Lafayette, incl. a branch from Lebanon to
Crawfordsvllle. Standard gauge; 70-lb. T-rall. Opreates 20 vestibule
and 4 freight cars. Power house and car barn are at Lebanon.— V . 82.
p. 49; V . 83, p. 37 V . 84, p. 749; V .8 8 , p. 295.
(7) I n d i a n a p o l i s & M a r t i n s v i l l e R a p i d T r a n s i t C o .
An e l e c t r i c r o a d .
Leased.— In April 1907 was leased to the Terre Haute Indianapolis A
Eastern Traction for 999 years. The latter company will pay the Interest
on the bonds; also $500 per year for organization. V . 84, p. 749. The
Terre Haute Indianapolis A Eastern owns entire Issue of stock.
O R G A N IZ A T IO N .— Incorporated In Indiana on April 24 1901. Operates
on private right of way except In Incorporated towns.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock. $750,000 ($ 1 0 0 ) ....................... ..
.......... .........
$750,000
_
1st m tge., $750,000 ($1,000) f 1902
5 g J-J
7 50,000 Jan. 1 1932
gold........................... _c* A r . { Union Trust Co. and Security Tr. Co. of Inl dlanapolls, Trust. In t. at Sec. Tr. C o., Ind.
Bonds.— No sinking fund but bonds are subject to call after 10 years at
105 and Interest. See V . 78, p. 1223.
R O A D .— Embraces 30 miles of track from Indianapolis to Martinsville
completed In M ay 1903. 70-lb. rails; standard gauge.— V . 83, p. 37; V .
84, p. 749.
IN D IA N A P O L IS C R A W F O R D S V I L L E & W E S T E R N T R A C T I O N C O .—
An electric road.
O R G A N IZ A T IO N .— Incorporated In Indiana In 1903 as the Consolidated
Traction C o., but name changed In 1906 as above. Built entirely on private
right of w ay. In cities and towns has 50-year franchises which permit the
carrying of freight, express and mall matter
Control by Trustees. — Road Is controlled by a board of five managing
trustees consisting of Sterling It. H olt of Indianapolis, Chairman; Edward
Hawkins .Indianapolis; C. N . Van Cleave, Crawfordsvllle; A . E . R eynolds,
Crawfordsvllle, and A . M. Hewes, Chicago.
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
____________
Stock, $3,000,000 ($100)...................................................$1,500,000
First mortgage $ 3 ,0 0 0 ,OOOf 1906
5 g J-J
1,500,000 May 21 1936
($1,000) gold____________ c*( Marlon Trust C o., Indianapolis, Trustee.
1Interest at Van Nordcn Trust C o., N . Y .
Bonds and Stock.— The underwriting agreement dated Feb. 21 1906 pro
vides for the sale at 9 0 % of not exceeding $1,500,000 of the bonds, with an
equal amount of stock as bonus. Bonds subscribed for were not to be sold
for less than 9 5 % before July 1 1907. Sinking fund of >4 of 1 % yearly of
bonds that have been outstanding for 5 years becomes operative O ct. 1
1912.
V. 84. p. 1247.
R O A D .— Proposes to build 87 miles of track between Indianapolis and
the Illinois State Line, 6 miles east of Danville, where connection will be
made with the Illinois Traction Company’ s system . Section between In
dianapolis and Crawfordsvllle, 45 miles, has been completed and Is being
operated. Equipment consists of 6 regular and 2 limited passenger coaches
ami 2 express cars, 300 h. p. each. Power house at Crawfordsvllle, two
700 k. w. direct connected compound condensing units.
O F F IC E R S .— Pres., A . A . Barnes, Indianapolis: Sec., Edward Hawkins,
Indianapolis; Treas., Oliver P . Ensley, Indianapolis; Gen. M gr., C. E . M or
gan, Crawfordsvllle.— V . 84, p. 1247.
I N D I A N A P O L I S N E W C A S T L E & T O L E D O E L E C T R I C R Y . — A n e lec
tric ro a d .
Receivership.— Judge Harvey In the Superior Court at Indianapolis N ov. 5
1907 appointed the Union Trust Co. of Indianapolis receiver on application
of the Electric Installation Co. of Chicago, creditor. A creditors’ agree
ment was decared In force June 15 1908, which permits the issuance of
6 % receiver’s certificates as a first lien Application has been made to
Superior Court of Indiana for permission to Issue $450,000 of these certifi
cates. V . 87, p. 97.
O R G A N IZ A T IO N .— Incorporated In Indiana on N ov. 23 1904. Has
Interurban private right of way 50 to 100 feet wide, and private right of
way within city limits of Indianapolis 150 feet wide to terminal at 10th Street
and Massachusetts Avenue.
STO C K A N D B O N D S—
Date.
Interest. Outstanalna.
M aturity.
Stock $ 3 ,5 0 0 ,0 0 0 ....................................................................$3,500,000 ---------------------First mortgage $4,500,0001 1905
5 g J-J
See tex t. July 1 1 9 3 5
gold ( $ 1 ,0 0 0 ) _______ ______ (Interest at Knickerbocker Trust C * ., N . Y .
B o n d s .— No bonds have been Issued except for use as collateral.
R O A D .— Proposes to build from Indianapolis to Newcastle, 41 miles:
Newcastle to Muncle, 18 miles (for which right of way has been nearly all
purchased); Newcastle to Richm ond, 28 miles. The Indlanapolls-Newcastle trunk line, It Is expected, was to have been completed by March 1
1909. Power house Is at Newcastle. W ill have 6 passenger cars and 2
express cars.
O F F IC E R S .— Pres.. David M . Parry; V . P ., Chas. S. Hernly, New
castle, See., W . E . Stevenson: Treas., Ell Marvin, Frankfort. General
office. Traction Terminal B ld g., Indianapolis. V . 85, p . 1270; V . $7. p . 0 7 .
IN D IA N A P O L IS & C IN C IN N A TI TR A C TIO N C O —
R eceiversh ip .—-In July 1906 Chas. L . Henry was appointed receiver,
owing to the Inability of the company to sell Its bonds,
It Is proposed to
convert part of the bonds Into preferred stock. The receiver was author
ized to Issue $900,000 6 % receiver’ s certificates due A u g. 1 1907. V . 8 3 ,
n. 37, 95. 272
In July 1907 receiver was authorized to renew above certifi
cates, all of which are outstanding for two years, falling due Aug. 1 1909.
V . 85, p. 221.
Dividends on pref. stock of leased line have been paid as
provided.
R eorgan ization .— In March 1908 a reorganization plan was proposed,
providing for the transfer of trustees of all stocks and bonds, with the view
to closing up the receivership, paying oil the Indebtedness and raising
monev to extend the road from Connersvllle to H am ilton. Ohio. See V . 8 6 ,
p. 668. Interests representing over 9 9 % of securities have signed agreem’ t .
O R G A N IZ A T IO N .— Incorporated In Indiana on Feb. 4 1903
Owns th e
entire common stock of the Indianapolis & Southeastern Traction C o ., which
It also leases. Private right of way except In cities and towns. County
franchises perpetual. Franchises In cities and towns are for 50 years, excep
n Indianapolis, in which 31 years. Has contract with Indianapolis Tractlo
& Terminal C o., allowing Its cars to enter Indianapolis for 31 years.
STOCK A N D B ON DS—
Date.
Interest. Outstanding.
Maturity.
Stock $2,000,000 ( $ 1 0 0 ) - - - _______ _
___________$2,000,000 ..........................
First mortgage $4,000 ,0 0 0 / 1903
5 g J-J
2.000,000 July 1 1933
gold ( $ 1 ,0 0 0 ) - ........... ..
c*( Int. at Farmers’ Loan & Tr. C o., N Y .. Trust
Bonds.— $ ",0 0 0 ,0 0 0 are reserved for extensions and Improvements N o .
sinking funds, and bonds are not sublect to call
E A R N IN G S .— For calendar year 1908, gross, $179 ,11 7. In 1907, gross;
$182 ,77 7. In 1906, gross, $115,318.
R O A D .— Is to operate a double-track road from Indianapolis via Rushvllle, Connersvllle and Hamilton, to Cincinnati. Road Is now In operation
to Connersvllle, 58 miles. Ten passenger cars and 1 express car. Uses t h e
single phase alternating current system . 70-lb. T rails. Power-house 1 «
the operation of all lines Is located at Rushvllle.
54
[VOL. LXXXVIII.
E L E C T R IC R A IL W A Y S
O F F IC E R S .— Pres., Chas. L . Henry; Sec.. J . F . W ild ; T reas.. John J.
A p p el.— V . 81, p. 668; V . 83, p. 37, 05, 272; V . 85, p. 221; V . 86, p. 008.
( 1 ) I n d i a n a p o l i s & S o u t h e a s t e r n T r a c t i o n . — A trolley road.
O R G A N IZ A T IO N .— Organized In 1905 as successor, through exchange of
stock, of the Indianapolis Shelbyvllle & Southeastern Traction Co.
Entire
com m on stock Is owned by the Indianapolis & Cincinnati Traction Co.
which also leases the road for 999 years and guarantees Its bonds and divi
dends on Its preferred stock after O ct. 1 1908, when that stock becomes
cumulative. Rental under lease to be 5 0 % of gross receipts, from which
bond Interest, taxes and dividends on stock are to be paid. V 81 p 668
Franchises arc perpetual In Marlon and Shelby counties and 50 years n
Shelbyvllle. Operates over private right of way with the exception of 3 IS
miles.
Has 31-year franchise from city of Indianapolis and arrangement
with the Indianapolis Traction & Terminal Co. allowing it entrance Into cltv
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Common 5600,000 ($ 100) _____ ______
__
_
sooo ooo
J
Pref $600,000 see text ($ 100) ............................................
ooolooo S ee'texV ”
First mortgage $1 ,0 0 0 ,0 0 0 / 1905
5gJJ
500,000 July 1 1 9 3 5
,
f,*1 •00(]) pruar..................l in t , at Farmers’ Loan & Tr. C o .. N. Y . Trus
Inn Shelbyv & Southeast 1st J 1902
5 g J-J
490 000 Jan 1 1932
M
tge $500,000 g($l ,000) s fl Int. at Amer Tr. A Sav. Bk . Chicago Trus
fn Stock.— Dividends on preferred stock underlease arc guaranteed by Ind i
anapolis & Cincinnati Traction Co. as follows: O ct. 1 1906. 2 %• Anrli 1 1907
1 1 4 % ; Oct. 1 1907, 1 1 4 % ; April 1 1908. 2 % ; Oct. 1 1908 2 %• April 1
1909 and thereafter, 2 14 % semi-annually. This stock is redeemable at 105
and accrued dividend on any dividend date. See V . 81 p 1375
Bonds.—-Of the $1.000,000 new bonds, $500,000 Is reserved for prior liens,
bonds are subject to call on any Interest date at 105 and Interest.
O f the Indianapolis Shelbyvllle & Southeastern bonds, the entire Issue m ay
be called on any Interest date at 110. A sinking fund on these bonds of
$10,000 per annum commences Jan. 1 1908, for which bonds can be called
l,he *owest number. $10,000 have been retired.
E A R N IN G S .— For calendar year 1908, gross, $200,355. In 1907 cross
$ 1 99 ,62 1.
In 1906, gross, $117,443.
’ K
’
R ° A D — °peratcs 47 miles of track, connecting Indianapolis with Shelby
vllle and Greensburg. 60-lb. T rails.
10 passenger and 2 express cars
O F F IC E R S .— Pres., George A . Ball: V .-P ., Fred. C. Gardner- S c . .
John E. Reed: Treas., J. F. W ild: Gen. M gr., Chas. L. Henry __ V 77
p. 250, 1874, 2159; V . 81. p . 668 1375.
v. d .
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
F -a
$800,000 F e b ’0 9 . 3 %
C om m on, $800,000 ($100)....................
Pf 6 % cum , $300,000 ($100)
------6 F -A
284,800 F e b ’ 09. 3 %
1st mortgage, $1,2 5 0 ,0 0 0 , gl 1902
5 g M -N
1.207,000 M ay 1 1927
($1,000) - - - - - - - - - - - c*JIn t. at Am er. Trust C o ., Boston. Trustee.
Notes, payable N ov. 30 1908____________ ____________
260.000
.......... ..........
Bonds are subject to call as a whole at 105 and interest on any Interest
date. A sinking fund of 1 % annually of bonds outstanding commences after
M ay 1 1907, which m ay be used either for extensions and improvements or
In the purchase of bonds. The preferred stock Is redeemable at 120
Dividends.— The first dividend on preferred of 3 % was paid Feb i 1903;
and the same am ountpald each six months since then. First dlv on com
mon stock (2 % ) was paid Feb. 1 1905; Aug. 1 1905 (V . 81 d 211) 3 %
In 1906, 6 % .
I n 1907, 6 % . 1 ^ 1 9 0 8 , F eb ., 3 % ; A u g . / 3 % . In 1909
F e b ., 3 % .
E A R N I N G S .— For the 12 months ending Dec. 31 1908, gross $430 838net, $176,895: Int. and taxes, $98,909; im p t.fu n d , $11,883- balance $66 ’l0 3
R O A D .— Operates 34.39 miles of track, exclusive of the N orth’ Jackson
ville St. R y .,T o w n & Im pt. C o., which owned 6.4 miles of electric railway
Has 69 cars. Ralls, 40 to 70 lbs. Gauge, 5 ft.
O F F IC E R S .— Pres., Geo. J. Baldwin, Savannah, G a.; 1st V .-P Chas F
W allace; 2d V .- P ., H . G. Bradlec; Treas., Henry B. Sawyer; Sec ’ Clement
R . Ford, M gr., H ardy Croom, Jacksonville, Fla.; Gen. Mgrs. anil Transfer
Agents, Stone & W ebster, Boston.— V . 81, p. 211; V . 8 6 , p. 421.
IR O N W O O D , M IO H .
C H A U T A U Q U A TR ACTIO N CO.— A trolley road.
O R G A N I Z A T I O N .— Incorporated In New York on March 7 1903.
Is
controlled by the same Interests as the Jamestown Street R y.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock, $500,000 ($100).................................................
$500,000 ____
1st mortgage, $600 ,00 0, goldl 1904
5 g A -O
159,009
1934
( $ 1 ,0 0 0 ) ...................................c )In t. at Title Guar. & Tr. C o .,N . Y . , Trustee.
Bonds.— $100,000 are reserved for extensions, &c. No sinking fund and
are not subject to call.
E A R N IN G S .— For year ending June 30 1907. gross, $95,739 ; net, $ 43.
423; fixed charges, $16,665; surplus, $26,758.
R O A D .—-Operates 26.73 miles of track from Lakewood, where connec
tion is made with the Jamestown St. R y ., to Mayvllle, there connecting
with the Pennsylvania R R ., and to Westfield, N . Y ., connecting there with
the Lake Shore & Mich. So. and the N. Y . Chicago & St. Louis R y . Stan
dard gauge: 80-lb. T rail.
O F F IC E R S .— Pres., A . N . Broadhead; V .- P ., W m . Broadhead; Treas.
S. B. Broadhead; Sec., W . R . Reynolds; M gr., Geo. E . M altby; Su pt.
Austin A . Harvey.
T W IN C IT Y O E N E R A L E L E C T R IC .—
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
$400,000
S t o c k ........................................................................ ................
Fh;s.t. n ^ rtKag0’
* 2 0 0 ,0 0 0 ,/ 1900
5 g A -O
132,000 o'ct"." l 'i 5 5 o
■Va ,1? 1 - - - - - - - - - - - - - - - U n t e r e s t at Milwaukee Trust C o., Trustee.
R O A D .— Owns 7.14 miles ol track.
O F F IC E R S .— Pres, and Gen. Mgr., E. D. Nelsotr V .-P ., E T . Larson;
Sec. and Treas., H . F. Jahn.
I S H P E M I N G , M IO H .
M ARQ UETTE COUNTY QAS
& E L E C T R I C C O . — A trolley road.
O R G A N IZ A T IO N .— Incorporated In Maine on N ov. 19 1906 as reor
ganization of the Marquette County Gas Light & Traction C o., sold under
foreclosure, v . 83, p. 1037. Franchises expire 1936.
STO C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Stock $750,000 ($ 100) . .................................................
$750,000
First mortgage $750,000 gold 1 1907
5 g J-J
427,000 Jan 1 1932
( * 1 .0 0 0 ) ...................................../ Int. at First Tr. & Sav. B k ., Chicago, Trus.
Bonds.— Of the $750,000 authorized, $323,000 are reserved for extensions
and Improvements. A sinking fund of 2 % of bonds outstanding begins in
1912.
Bonds are subject to call on any Interest date at 105.
R O A D .— Operates 4>4 miles of track and also does gas and electric light
business In Negaunee and Ishpeming.
O F F IC E R S .— Pres., John B . Sears; Sec. and Treas., John J. Bryant
Jr., 226 La Salle S t ., Chicago.— V . 83. p. 1037, 1590.
JAM ESTO W N . N . Y .
JA M E ST O W N STREET R A I L W A Y .— Trolley.
O R G A N I Z A T I O N .— Incorporated Oct. 18 1883. Franchise runs till 1982
ST O C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity’
Stock, $250,000 (par $ 5 0 )............................................
$100,000
1st mortgage $300,000 goldl 1893
6 g J-J
300.000 Jan 2 1923
( $ 1 ,0 0 0 ) ............... - ..............c*1 Interest payable at Morton Trust C o., Trus.
Bills payable June 30 1907_____
244,654 ____
Open accounts June 30 1 9 0 7 -. _ __
342,859 ___
E A R N IN G S .— For year ending June 30 1907, gross. $ 1 6 6 ,44 5-""net"
$61,668; fixed charges, $33,591; surplus, $28,077.
R O A D .— Owns 24.643 miles of track, 55 cars, 2 sweepers.
O F F IC E R S .— Pres., A . N . Broadhead; V .-P ., L. B. Warner; See. and
Treas., S. B . Broadhead; Gen. M gr., G. E . M altby, all of Jamestown.
J E R S E Y C IT Y , N . J.
PU B LIC SERVICE C ORPORATION.
See statement and maps under ‘ ‘Newark, N . J .”
JOH N STOW N , P A .
JOH NSTOW N PASSENGER R Y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated In Pennsylvania oa May 8 1882.
Franchise expires In 1981.
.
IT H A C A , N . Y .
STO C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock. $2,000,000 ($ 5 0 )............
31
$2,000,000 Jan .31 ’0 9 , H
IT H A C A ST R E E T R A IL W A Y —
1st mortgage, $250,000, gold\ 1890 6 g M-S
229,000
Mch 1 191#
In May 1907 A . H . Flint & Co. of New York purchased control of this
( $ 1 ,0 0 0 ) .......... ..................... c * /I n t . at Fidelity Trust C o., Phila., Trustee.
road and will rebuild the entire system In the city.
V. 84, p. 1307
Con M , $800 ,00 0, g ($1,000) ,1 1899 4 g J-D
399,000
Dec 1 1929
O R G A N IZ A T IO N .— Chartered N ov. 18 1884.
In June l’908 merged
can b jo 11 • any Int d a y .c * /I n t. at Guaranty Trust C o., N . Y . , Trustee.
with the Cayuga Lake Electric R y . and Ithaca & Cayuga Heights R y .,
iNew mortgage, $2,000,0001 1901
4 r J-D
1,302,000 Dec 1 1931
which roads were formerly leased. In June 1907 the New York Railroad
gold ($ 1 .0 0 0 )____________ c*/Interest at Johnstown Trust C o., Trustee.
Commissioners authorized a new mortgage for $750,000 as below.
Bonds.— O f the new mtge. of 1901, $628,000 Is reserved to retire under
F ran ch ises granted May 13 1908 are for 99 years and cover double-tracked
lying liens.
Entire Issue may be called at any time at 105 upon 30 days’
portion of road. Other parts of system private right of way or fra n ch ises
notice. See V . 73, p. 1313.
pernetual.
Dividends.— In 1894, July 1, 6 % ; In 1895, 1 2 % ; 1896, 6 % ; 1897. 6 % ,
STOC K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
1898, 6 % ; in 1899, 8 % ; in 1900 (on new stock), 4 % ; In 1902. none; In 1903;
Stock, $325,000 (par $100 )..............................................
$325,000 1 9 0 7 -0 8 ,4 %
2 % : In 1904, 2 % ; In 1905, 2 % ; In 1906, 3 % : in 1907, 3 % ; In 1908, March,
New 1st m tge,
$750,000,1 1907
5 g J-J
(V)
July 1 1957
H % . none to Jan. 1909, when j i % was paid.
gold ..................................... .c * /I n t . at Carnegie Trust C o., N . Y . . Trustee.
E A R N IN G S .— Year ending June 30 1908, gross, $466,719; net, $138,285;
First mortgage, $175 ,00 0-------/
1892
6 J-J
175,000 July 1 1 9 2 2
interest, $89,988; surplus, $48,300.
„
..
„
Ifn t. payable at Farmers L. & Tr. C o.. N . Y .
R O A D .— Owns and operates about 33 miles of track. Including an exten
Second mortgage, $ 7 5 ,0 0 0 ------ 1894
6 J-J
75,000 July 1 1 9 2 2
sion from Johnstown to W indber, 11 miles, completed on Jan. 1 1902.
Cayuga Lake Elcc 1st mtge gu . 1894
6 J-D
25,000 June 1 1922
A 2-m le extension Is being built.
,
_ , __ _
Bonds.— The new bonds will be Issued from time to time as
expenditures
O F F IC E R S .— Pres., T . C. Du Pont, W ilm ington, D el.; V .- P ., W illiam
for improvements, & c., warrant. Sufficient has been reserved to retire
R
.
Thom
as,
Johnstown;
Sec.,
S.
E.
Young,
Johnstown;
Treas., Herman
prior liens. They are subject to call at 107. No sinking fund
Baumen, Johnstown.— V . 72, p. 936; V . 73, p. 602, 1313.
R O A D .— Owns and operates 9.52 miles of track. 314 miles of addi
tional track Is now being constructed. Ralls, 70-lb.
R E P O R T .— For fiscal year ending June 30 1908: Gross. $120 465- net
J O L IE T , I L L .
$42,596; other Income, $1,684; charges, $23,356; dividends, $13 000surplus, $7,924
JO LIET & SOUTHERN TR A CTIO N CO.—
_ „ „
, A ,
O R G A N IZ A T IO N .— In January 1907 purchased the Joliet Plainfield &
O F F IC E R S .— Pres., Chas. W . McChesney; V .- P ., A . H . Flint- Sec. and
Aurora R R ., which it now operates.
It is understood that the new bond
Treas., H . A . Clark.— V . 72, p. 988; V. 84, p. 1307; V . 85, p. 40.
Issue given below will be used chlelly to finance the construction of new
lines. Including those for which the Fisher Construction Co. has the con
J A C K S O N , M IS S .
tract.
V . 85, p. 722.
STO C K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
E D W A R D S H O T E L & C IT Y R A IL R O A D CO
$1,500,000 ($ 100) ...............................................
$1,500,000 ............... ..
O R G A N I Z A T I O N .— Incorporated July 19 1870 under a special charter Stock,
1st mtge, $ 1 ,500,000, goldl 1907
5 g F -A
567,500
See text.
granted by the Legislature of Mississippi for unlimited number of years
($500 and $ 1 ,0 0 0 ).............c * / Int. at Am er. Tr. & Sav. B k ., Chic., Trustee.
In 1908 purchased the Jackson Electric R y . Light & Power Co.
Joi P & A R R $400 ,00 0, goldl 1903
5 g F -A
400,000 Aug 1 1938
ST U C K A N D B O N D S .—
Date.
Interest. Outstanding.
Maturitu
($1,000) ........ ........... _ .c * & r / Int. at Am er. Tr. & Sav. B k ., Chic., Trustee.
Stock $40,000 .........................................................................
$40,000
B O N D S .— 1st mtge. bonds mature serially ending 1942. $400,000 are
Mortgage $ 1 .0 0 0 ,0 0 0 ............... c 1908
5 J-J
300,000 Jan 1 1 9 3 8
reserved to retire the Joliet Plainfield & Aurora R R . bonds. The latter are
Bonds.— $300,000 were Issued to retire Jackson Elec. R y . L t. & Pow
to call on any Int. date after 10 years at 105 and Int.; a sinking fund
C o .’s bonds; $700,000 reserved for betterments and additions. Cannot subject
of 2 % of gross earnings begins A u g. 1 1909, but at least $3,000 yearly 1909
be called.
to 1929; thereafter $4,000 yearly.
R O A D .— Operates 12 14 miles of track.
E A R N IN G S .— Of the Joliet Plainfield & Aurora R R . only for calendar
O F F IC E R S .— Pres.. F. G. Jones: V .- P ., Ben. H . W ells: Sec. and Treas.
year 1908, $101,496; in 1907, gross, $80,109; in 1906, gross, $82,260.
S . T . Carnes: Gen. M gr., Jack Ab bott.
R O A D .— Operates 26>j miles of track between Joliet and Aurora and
Joliet and New Lenox.
Forms a connecting link between Chicago & Joliet
Electric and Aurora Elgin & Chicago R R .
Is extending line from New
JA C K SO N , TEN N .
Lenox to Blue Island and to Chicago Heights; 14 miles of latter extension In
J A C K S O N R A I L W A Y & L I G H T C O .—
operation to Frankford; remainder to Chicago Heights expected to be
O R G A N IZ A T IO N .— Incorporated In Tennessee In July 1906, and is s c- completed In April 1909.
Formerly had contract with Chicago & Joliet for
cessor to the Jackson & Suburban Street Railroad Co. Franchise expires use of terminals at Joliet, but In 1907, at a cost of $200,000, constructed
in 1937. Also owns a park of 15 acres. Does lighting and power huslmss independent entrance and terminal, and with a sub-station of Its own Is
In addition to street railway.
getting Its power from the Econom y Co.
Has a long-time contract for use
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
Maturitu
of terminals at Aurora.
60-lb. T rail, standard gauge
Stock $600,000 ($ 100) ...................................................
$600,000
O F F IC E R S .— Pres., H . A . Fisher; V .- P ., John M. R aym ond; Sec.,
1st mtge $600,000 ($1,000)1 1906
5 g J-J
500,000 J a n " l ' l 9 3 7
J. K . Newhalt Treas., L. D. Fisher; Gen. M gr., F . E . Fisher.— V . 85
No s f.
Redeem at 1 0 5 .-c/C olum bla Trust C o., Louisville Trustee
p. 722, 1005
E A R N IN G S .— For calendar year 1908, gross, $65,425; ’07, gross $68 827
R O A D .— Operates 9>4 miles of track. 60-lb. rail. Completed a modern
BLOOM INGTON PONTIAC & JO LIE T ELECTRIC R Y .— A trolley road.
power plant In 1907.
In 1907 the Fisher syndicate, which controls the Joliet & Southern Trac
O F F IC E R S .— Pres., Harry Welsslnger; V .-P . and Gen. Mgr.. S S Bush- tion C o., obtained control and officers elected as below. V . 85, p. 1004.
Sec. and Treas., L. V V . Botts, all of Louisville, K y .— V . 83, p. 9 3 ] ‘
’
O R G A N IZ A T IO N .— Incorporated In 1903. Private right of way except
in cities, where franchises run 50 years.
J A C K S O N V IL L E , F L A .
STOC K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
J A C K S O N V I L L E E L E C T R I C C O .— T ro lley.
Stock, $2,500,000 ($100)...............................................
$300,000
____
O R G A N IZ A T IO N .— Incorporated In Florida In 1902 and is a consolida 1st mortgage,
$2,500,000,1 1905
5 g M -S
370,000 Sept 1 1935
tion of the Jacksonville Street R y . C o., the Main Street R R . Co. and the
gold ($ 1 ,0 0 0 )........................... /I n t . at Am er. Tr. & Sav. Ilk ., Chic., Trustee.
Jacksonville Electric Light Co.; railway franchise expires in 1932- lighting
Bonds.— Sub. to call at 105 & int. on any int. date.
No sink. fund.
franchise expires in 1911.
Does practically the entire electric railway and
R O A D .— Has under construction a line to connect tho points named In
a portion of electric-lighting business of Jacksonville.
the title, of which 20 miles, between Pontiac and Dwight, Is In operation.
On Jan. 6 1908 purchased at foreclosure sale the North Jacksonville Street
O F F IC E R S .— Pres.. H . A . Fisher: V .-P ., D. S. Meyers; Treas.. L. D .
Railway Town & Improvement Co. for $70,000. See V . 8 6 , p. 421.
Fisher; Sec., John K . Newhall; Gen. M gr., F . E . Fisher.— V . 85, p. 1004.
Q-M
NrrC/_T-'
/D L I0W\X STX ^J
E
'^
N O R T H
K A N S A S , C IT;
'rove
jvt6jEuua=A.v.E3
NICHOLSON AVE.
PAO. R.
Cliclse:
_3^aoa TodaLi
IUDD
Formerly
iocuc:
/
___ _ J m ou n t
C m aBi
R A IL W A Y S
E L E C T R IC
T?EMETER
JUUU IL
K ill!
Egg
JCITYMMm
|j
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arys
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valley^ Union 1
^ ra^ k'; U Cerri. K A N S A S C IT Y &
W ESTP O R T BELT
E X T E N S IO N
*11!
DDDODDDDH 1 1
____ DDDOnQODQ p f l l
M om D aom r 3 =
B D O O Q f l o k m ^ :/^
A R GENTIN E;
(PROPOSED.'EXTENSION!
SEO'EXTENSIONl 1
£ Tim
—:___
flu tmu
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M A P
^ ^ ^ m e X tery/
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BALANCE OF ARGENTINE LINE
KANSAS
CONNECTION TOd
ST.L.St S F .R .R .f
IETROPOUTAN
THE-cdvNZftX.
CLUB
SEE AQJQIMING
TH E
REFERENCES.
SWOPE
STRONG
OF
Kansas City Railway
and Light Co. System.
f .Q 'f t & W t y f t .
1909.J
PARK
WASHINGTON.
M in i
S M fe m -E
-J o n o n g p
iDooaciJt
\
FAIRMOUNT
SOUTHERN SECTION
Same Scale
Electric Power Stations
®
“
Sub Station
®
“
Car Barns
■ Car Shops and Barns
56
[V ol. l x x x y iii .
E L E C T R IC R A IL W A Y S
K A N S A S C IT Y , M O .
K A N S A S C I T Y R A I L W A Y & L I G H T C O . — (See map on page 5 5 .)
O R G A N I Z A T I O N .— Incorporated In 1903 In New Jersey and has ac
quired the entire outstanding capital stock of the Metropolitan Street R ail
way of Kansas City and the Kansas City Klectrlc Light Co.
(Plan In V
76 p. 1143.) Through Metropolitan Street Railway stock, the Kansas City
R ailw ay & Light Co. acquired the stock of the Central Electric Railway
C o . and practically all of the stock of the Kansas City Elevated Railway
C o . , and, through the stock of the Kansas City Electric Light Co It ac
quired the stock of the Edison Electric Light A Power Co. (of Kansas
C ity ), the Consolidated Electric Light A Power C o., the Standard Electric
Light Co. and the Kansas City Electrical Wire Subway Company— except
of course, In each Instance the qualification shares held by directors’
Controls all the street railway, electric-lighting and power business In cities
of Kansas City, M o., and Kansas City, K an.
Owns entire stock of the Kansas City A Westport Belt R y (a steam
road, since converted to electricity), which on June 16 1906 absorbed the
Inter ban South Side R y ., both having perpetual charters and being or
ganized under te General Railroad Law of Missouri; aiso acquired capital
Kansas
Heating C o., having a franchise which expires In
1935. This last distributes steam In the business centre of the city.
Street Hallway b ranchlses.
Ihe franchises of the railway lines In Kansas
C ity, M o.. In which city the greater part of system Is located, were revised
and confirmed In July 1902 and franchises granted for extensions and valu
able trackage rights In newly populated portions of the shoppln"- and
delivery distrets. all of which franchises are operative to the uniform date
of June 1 1925. The railway franchises In Kansas City Kan
have re
cently been renewed and authority given to build extensions all for the
m axim um period for which the city had power to grant the same namelv
to Dec. 19 1922.
By the terms of the franchises the rate of fare Is definitely
fixed at 5 cents, transfer privileges are provided, and the taxes practically
limited to 8 % of the annual gross receipts.
Electric Light Franchise.— The franchise of the Kansas City Electric Light
C o . Is perpetual.
STO C K A N D B ON DS—
Date.
Interest. Outstanding.
M aturity.
Common, $12,500,000 ...................................................$9,543,080
Pref., 5 % n. c ., $ 1 2 ,500 ,000.............
5 Q -M 9,407,200 M ch’ OO’ i
1st lien refund, M ., $20,000 -| 1903 5 g M -N15 9,220,000
May 15 1913
000 g o l d . . .......................c* A rjN ew York Trust C o., N . Y ., and Henry C
J Fowler, Trus. In t. at C o.’s agency N . Y .
J or Kansas City.
N otes, $5,500,000 ($1,000) . . 1907
6 M -S
4,125.000
Sept 1 1012
Underlying Liens.
Corrigan Con. St. R y . l s t l 1886
5 g J-J
360,000 July 1 1916
M. ($1,000) g ., red. at llO j l n t . at Central Trust C o., N . Y ., Trustee
M et. St. R y . gen.
inort.l 1889
5 g M-S
1.000,000 Sept. 1 1909
($1,000,000), gold............... ] Int. at New Eng. Trust Co. Boston Trust.
K . C. Cable 1st M ., ext. In) 1887
5 g A-O
1,050,000 Apr. 1 1911
gold, 1897, guar. p. A l.,)Ir it. is payable In N . Y . by Blair & Co. and
ext. In 1901; red. at 102K Jln Boston by New Eng. Tr. C o., Trustee.
Sum m it Street M ., old 6sl 1887
5 A -O
300.000 Apr. 1 1911
exL In 1897 and again In)
Redeemable at 1 02>3 at any time.
K A N SA S C IT Y -W E S T E R N R A I L W A Y .— (See map on page 5 7 .)
Formerly the Kansas Clty-Lcavenworth Railroad and name changed toKansas City-W estern R y . Has long-time franchises in territory served.
ST O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
Stock, 52,000,000 ($100)
____
____ ___ __ 59 000 000
Bonds $5,000,000 First R e-1 1905
5 g M - 's ”
l|650|000 S e p t "l ” i9 2 5
funding (coup, $1,000; r ,^ Interest at Fisk & Robinson New York
$ 1 ,0 0 0 , $5 ,0 0 0 , $ 1 0 ,000) . . /standard T -u st Co. N . Y trustee
Slock and Bonds. $ 1 ,400,000 of bonds were Issued to refund alike am ount
of bonds outstanding of old com pany, all but $42,000 of which have been
retired, $100,000 for general corporate purposes and $150 000 for Imnrovements; remaining $3,350,000 to be issued for aCq u ls lL n s , extenslons?and
Improvements under customary restrictions. Entire outstanding issue Is
redeemable Sept 1 1910 or any Interest date thereafterat 105 and Int.
Stock In voting trust until May 1910.
L A T E S T E A R N IN G S .— For 6 months ending Dec 31 1908’ gross
$182,927; net, $71,359.
In 1907, gross, $173,813; net? $ 6 6 , 8 1 1 ,'
R E P O R T .— For year ending June 30 1908, gross. $330 651- net rafter
taxes), $121,711; Axed charges, $81,321; surplus, $40,390* In 1907
|22S405
’
’
(after taxes), $98,237; fixed charges, $75,832; surplus!
ROAD.
Owns and operates 4,l.i>3 miles of road, of which about 1 s mile*,
are within the city of Leavenworth and 25 u mil4s between that c l L and
Kansas C ity, K an.
Enters Kansas City, Mo .
v c r t S
City Viaduct A Terminal R y .. which owns and operates a steel ?and con
crete viaduct connecting Kansas City, K an ., with Kansas City? Mo
Has
second entrance Into Kansas City over tracks of the Metropolitan Street R y .
IM P R O V E M E N T S .—-Since present management assumed control In 1905
Important Improvements to the road and equipment have been completed
New cars have been acquired and old equipment overhauled and modernized
O F F IC E R S .— C. F. Holm es. Pres.; C. F. Hutchings, v P and Gen At!
torney; S. D. Hutchings, Sec. and Treas.; J W . Richardson Gen SnAt •
VV. M . Bonar, Auditor. General office, Leavenworth, K an!
b u p t“
M ISSO U RI & K A N S A S IN T ER U R B AN R Y .—
Receivership.— On June 6 1908 Judge Pollock In U . S. Court at Leaven
worth appointed J. A . Edson receiver. It Is proposed to reorganize
V
electricity In 1008°. V . P8™ p. 0 ?4 .
fr° m Stran« *ascl?ne ca’rs to
O R G A N I Z A T I O N .— Incorporated In Kansas.
Has private right of wav
except in cities and towns.
ST O C K A N D B O N D S .—
Date.
Interest. Outstanding.
M aturity
Stock, $1,000 000 ( $ 1 0 0 ) ..................
$1,000 000
w
* 8 0 0 -°'>0 gold] 1906 5 g J-J " "
600,000 J a n "l* 1 9 5 6 ~
($1,000) ................................cjInterest at St. Louis Union Tr. Co. trustee.
Bonds.— Payment of Interest for two years from Jan. 1 1007 was provided
for by deposit of $100 for each bond. V . 8 4 , p. 391.
P
U
R O A D .— Operates twenty miles of road, from Kansas City through or
near Rosedale, South Park Mcrrlain and Lenexa to Olathe.
Enters
Kansas City oyer tracks of the Metropolitan Street R y. 70-lb. rails.
Has
4
4 passenger coaches, 2 freight cars and 1 locomotive. V . 86
p. 1467; V. 87, p. 614.
Metropolitan St. R y . con.l
1895
5 g M -N
5,744 000 May 1 1910
mortgage
$ 8 ,5 0 0 ,0 0 0 ,) fnt. at Old Colony Trust. Trustee. Boston.
g o l d ................................-_cArJ Inter st also p iy ib lc In New York.
Cent. Elec.
R y. 1st m o rt.,f 1899
5g M N
2,000,000 May 1 1914
KENNETT, PA .
$2,500,000 ($1,000) gold,] Interest at Trust Co. of A m ., N . Y . , Trustee
k ENNETT & W IL M IN G T O N ELECTR IC R Y .—
g u a r _____________________ c*
Bonds m ay be called at 105 on any Interest
O R G A N IZ A T IO N .— Incorporated In Penri'-'ylvanla on May 24 1 9 0 5 .
(day on 30 days’ notice,
r 1901
5 g J-.r
250,000 July 1 1911 and Is a reorganization of a company of the same name sold under foreclosure
1a April 19Uo. On Feb. 26 1908 absorbed the formerly controlled Oxford
East Side Elec. R y. 1st M ., In t. at Trust Co. of A m . N . Y ., Trustee.
$250,000
gold
($ 1,0 0 0 ) ,| W m . H uttlg of Kansas City .Is also Trustee. \\est Grove A Avondale St. R y ., which Is building the extension from
Avondale to Oxford. See V . 86, p. 670.
not g u a r_________________ c* |No s. f ., but m ay be called at par at any
STO C K A N D B O N D S .—
Dale.
Interest. Outstanding.
M aturity.
l Interest date.
Common $925,000 . . .............................................. .........
$525,000 ____
Controlled Companies.
Pref ($75,000) 6 % non-cum ............................................
75,000 I I Z I I I
Kansas City Elevated R y .
1st mtge $1,000,000 gold) 1905
5 gJ- D
420,000 June 1 1935
1st
M.
pref.
($600,000)
($500 and $ 1 ,0 0 0 )............... cj Int. at Integ. T . I. Tr. A S. D .C o.. P hlla.,Tr.
g. ($1,000) guar. p. A 1., c* 1892
6 g J-J
$600,000 July 1 1922
E A R N IN G S .— For year ending Dec. 31 1907, gross, $56,309; net after
2d
M.
gen’l
($2,000,000) \ 1892
4 g J-J
2.000,000 July 1 1922 taxes. $11,785 .
g. ($ 1,000) guar. p. & l./In terest at Manhattan Trust Co
N Y
R O A D .— About 18 miles of track between Avondale, Kennett Square
K an. C. A W cstp. 1st M. 1
and W ilmington, connecting at Kennett for W est Chester. The extension
?«i00n'nm0 ’
K'*ld '
fluar.l lOOO
5
500,000 July 1 1926 from Avondale to Oxford, 1 2 miles, has been completed as far as W est
( $ 1 ,0 0 0 ) .......... ..........................Jlnterest at N . Y . Trust Co. N Y Trustee
Grove. Gauge, 5 ft. 2M In. 60 and 70-lb. T and girder rail.
Bonds.— O f the new $20,000,000 mortgage of the Kansas City R y. A Light
O F F IC E R S .— Pres., Geo. Kessler, Phlla.; V .- P ., Clarence L . Harper,
C o ., $10,780,000 are reserved for underlying liens. These bonds are both Phlla.; Sec. and Treas., Philip E . Guckes, Phlla.; Su p t., H . Baluss, Kennett
l3|e*'ed- tf)e coupon bonds being In denomination of $ 1,000 Square. P a.— V . 80, p . 1060, 1176, 1730; V . 86. p. 670.
and the registered bonds In denominations of $1,000, $ 10,000 and $50 000.
*}H» r£-d e e '
l e 108 an5>, Int. on any Int. date. The MetroK E N O SH A , W IS .
the K. n ’ Clty hlec’ L t - Co- and the Cent. Ulec. R y . In May
aggregating $ 1 0 ,500 ,000 , which are deposited as
K EN OSH A ELECTRIC R Y — A trolley road.
collateral under the new Kansas City R y A Light Co. mortgage; the share
In Jan. 1909 the Investment Registry Co. of London, E n g., took over th«
capital acquired of the Kansas City Elec. Light Co. and the Metropolitan
Street R y . has also been so deposited.
m anagement, having purchased control from A . C. Frost. V. 88, p. 101
i
O R G A N IZ A T IO N .— Franchise Is for fifty years from June 2 1902
In'
Notes of 1907 consist of $4,125,000 series “ A ” and $1,375,000 series “ B ”
V. 84, p. 1052
They are redeemable after Sept. 1 1908 on 8 weeks’ notice on any Int date May 1907 filed a certificate Increasing capital to $1,000,000.
STO C K A N D B O N D S .—
Date.
Interest. Outstanding.
M aturity
at 100 and accrued Int. They are secured by pledge of $5,500 000 notes of
$500,000 . . .
Metropol. St. R y ., $1,000,000 notes of Kan. City Elec. Light Co and *2 - Stock $1,000,000 ($100)............. .....................................
5 g A -O
500.000 April 1 1927
695,000 com. and $2,977,900 pref. stock of the Kan. City R y. A Lt. Co and First mortgage $1,000,0001 1907
($1,000) gold............................(W estern Trust A Savings Bank and W llsuch securities of subsidiary companies as are pledged under the Indenture
lloughby G. W alling, Chicago, trustees.
of May 15 1903, securing the 1st lien ref. gold bonds. The series ’ ’A ’ note
E A R N IN G S .— For 12 months ending Dec. 31 1907, gross, $55,555- net
are convertible after Sept. 1 1908 at option of holder Into 6 H shares of com
m on and 7 shares of pref. stock. V . 85, p . 284. Series “ A ” only have $30,351; In 1906. gross, $54,490; net, $32,756.
R O A D .— Operates 4.1 miles of track In Kenosha and to North and South
been Issued, seres ’ ’ B ’ r notes being held In reserve.
V . 85, p. 469; V . 86
Kenosha.— V . 6 1 . p. 1492; V. 84, p. 1052.
p. 285.
’
Of the Metropolitan consolidated mortgage for $8,500 000, enough were
reserved to retire when due the existing bonds of the Corrigan, Metropolitan
K E O K U K , IA .
and
Kansas
City
Cable Issues described
in the table above’
amounting now to $2,156,000. Not subj ct to call. The Kansas City
K E O K U K ELEC TR IC R Y . & PO W ER CO — A trolley road.
Cable and Summit Street mtgs. fell due April 1 1901, but were extended by
O R G A N IZ A T IO N — Incorporated In 1900 as a consolidation of thestrectendorsement for 10 years.
rallway and electrlc-llght Interests In Keokuk.
Also operates electric-light
Ihe Kansas City Cable R y . 5 % bonds due In 1911 arc guaranteed prln
and power plants.
In May 1906 arc-lighting contract was extended 5 venr«
and Int. by end by the Metropolitan St. R y. The bonds of the K . C. A
STO C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity
Westport R y. are guar. prln. and Int. by the Kansas City R y . A Light Co.
stock $400,000 ($1 0 0 )............. ..............
- ..................
$400,000 .
*
and are subject to call on any Interest date at 105 and Int. on 90 days notice
1st mortgage, $250,000($500)1 1900
5 g J-J
228,000
See text
Kansas City Elevated R y . 1st M. preference 6s are guaranteed, principal
g o l d . . . . . .................................. /I n t . at Royal Trust C o.. Chicago trustee
and Interest, by endorsement by the Metropolitan Street R y .; so arc the
Bonds.— O f the $250,000 gold 5s, $125,000 are due July 1 1925 the re
2d M . general 4s. The guaranty on the latter was 3 % per annum until maining $125,000 mature In annual installments, varying from $5 (100 to
July 1895 and since then 4 % .
For form of guaranty, see V . 73, p. 1160.
$9,000 yearly, on July 1, from 1007 to 1924 Inclusive. $22 000 had m™
Dividends.— First dividend, 1 M % on preferred stock, was paid on June tured lip to Feb 190J. Are redeemable at option of company at 105 and
1 1904 and 1 \i % quarterly since then, to and Including Mar. 1 1909.
Interest after 1905. See V . 71, p. 182.
L A T E S T E A R N IN G S .— For 7 months to Dec. 31 1908, gross, $3,808 779R O A D .— Owns and operates 8 miles of f a c k and has contract with cltv
net, $1,657,360; charges and taxes, $1,087,341; surplus, $570,019.
’ for supplying 186 arc street lights at $60 per light per annum forS years from
R E P O R T .— For years ending M ay 31. See report In “ Chronicle” Issue May 10 1006.
of Sept. 26 1908, V . 87, p. 810. Passengers carried for revenue in 1908
O F F IC E R S .— Pies, and Man A D . Ayres; See. and Treas., Geo. E. 0 .
100,858,027; transfers. 43,485,312
' Johnson.— V . 7 1 , p. 182; V . 83, p. 687.
1908.
1007.
1006.
. . $6,070,117
$5,677,098
$5,099,116
..
3,228,174
2,895,657
2,562,905
K E W A N E E , IL L .
Miscellaneous Income.
Surplus-
..
..
$2,841,043
105,680
$2,782,341
43,099
$2,536,121
31,361
. . $2,947,623
..
23,918
$2,825,440
20,038
$2,567,482
10,155
. $2,923,705
2,070,577
$2,805,402
1.896,746
$2,557,327
1,763,943
--
$908,656
(5)470,375
$793,384
(5)470,360
$853,128
(5)470,353
Balance ......................................................
$382,775
$438,281
$323,024
The accumulated surplus for the year ending May 31 1908 (after d e d n o t i n o dividends on pref.), amounted to $1,510 ,8 9 7 . Deduct $829 814 « n n r n
priatlons for depreciation and renewals and $462 dividends of siihsiSil-irv
companies and there remains a surplus of $680,621.
R O A D .— Comprises 127.655 miles of road and 244.466 miles of tm ru
Lighting (May 31 1908) equivalent of 583.271 16-candle power Incan
descent lamps.
O F F IC E R S .— Pres., Bernard Corrigan; V .-P . and Treas., W E Kirk
patrick: A u d .. Sec. and Asst. Treas., J. A . Harder.— V . 81, p. 555 i 7 ? v v
82, p . 1496; V . 83, p. 2 7 2 ,3 1 9 . 1470: V . 84. p . 1551; V . 85. d 284 339
4 09, 531, 600; V . 8 6 , p. 185. 1529, 1589; V . 87, p. 3 7 , 810, 1605.
G A L E SB U R G & K E W A N E E ELECTRIC R Y .—
O R G A N I Z A T I O N .— Incorporated M ay 1002
I* a reorranizatlon of
the Galesburg A Oneida Elec. R y . Co.
a reorganization or
ST O C K AN D BON IJS—
Date.
Interest. Outstanding.
M aturity.
Common, $200,000 ($100) —
------------------$200 000
Pref., $400,000 ($100) 6 % cum ..............................
110 800
..................
First m tgc, $400 ,00 0, ($500 A1
1006 5 g j . - j
400,000 J u ly ~ 2 'l9 2 «
$ 1 ,0 0 0 )- g ........................... c A r / In t. at Amer. Tr. A Sav Bk Chic 7 trustee
Bonds.— -Are redeemable on any merest dav u n t i l X l y 2 i 911 at 105 and
Int.; thereafter at par and Interest. No sinking fund
l
E A R N IN G S .— For 12 months ending June 30 1008-- rross $6* 432 'net,
$24,367; Interest and taxes, $27,070; d e f„ $2,70?$;
‘
’ * 0 8 ’4 ;,z ’ net>:
R O A D .— Has city line in Kcwanee A Wethersfield, and Interurban
between Kewanee and Galva.
Total track operated 14 miles. 70-80-lb .
T and girder rails. Gauge 4 ft. 8 H In.
,■■■■•/
eeg
O F F IC E R S .— Pres., W . H . Lym an; V .-P ., w . H . Crane; See. A Treas..
F . M . Lay; Gen. M gr., R . H , Hayward.
K E Y P O R T , N . J.
JE R SEY C EN TR AL TR ACTIO N CO.— Trolley.
O R G A N IZ A T IO N .— This was formerly known as the Keyport A Matawan Street R R .. a horse line, but has been operated as an electric railway
since July 1901, and name changed as above on Oct. 4 1901.
FORT LKAVfcN WO RTH
A jC J il!
SANTA
LANSING
R o ck C reek
E L E C T R IC
R A IL W A Y S
L E A V E N W O R T H
,o N ,
_
Topeka
WOLCOT
pacific
KAN
F e b ., ly o o .j
K ilm e r
MAP OF THE
K A N S A S C IT Y — W E S T E R N
R A IL W A Y .
T o n g a n o x ie
KANSAS
58
ELECTRIC RAILWAYS
♦».C »??JP2,n y als? 0, 7 ns 4 4 2 .2 f
5 9 0 shares o f s to c k a n d « » <>* the b o n d s o f
th e M id d lesex & M o n m o u th E le ctric L ig h t, H e a t & P o w e r C o ., w h ich fu r
nishes ligh t t o K e y p o r t, M ataw an and S o u th A m b o y
u
S T O C K A N D B O N D S .—
D a te.
Interest. O utstanding.
M a tu r ity
S t o c k S I . 0 0 0 , 0 0 0 ....................................................................$ 1 , 0 0 0 0 0 0
M a i u n t u1st m ortg a g e $ 7 5 0 ,0 0 0 g o ld ! 1001
5 g M -N
7 50 .000 N o v ' l ' i o a i
($500 and $ 1 ,0 0 0 ) -----------. (I n t e r e s t at C o lon ial T ru st C o ., Phlla trustee
G en . m tg e . $ 1 ,5 0 0 ,0 0 0 g o ld ) 1004
5 g J -D
7 5 0 .0 0 0 Dec 1 1054
( $ 1 , 0 0 0 ) - -------------------------c * ] m t . a t F id e lity T ru st C o ., N ew ark trustee
B o n d s.— O f th e $ 1 ,5 0 0 ,0 0 0 new h o n d s, $ 7 5 0,00 0 are reserved t o reUre
th e first 5s. T h e new b o n d s are s u b je c t t o call a t a n y tim e a fter D ec 1 1 0 1 4
a t 105 an d Interest.
1
R O A D .— O w ns and op era tes 32 m iles o f roa d fro m S ou th A m b o v K e v
p o r t and B ell ford t o R ed B a nk; B ellford th rou g h A tla n tic H igh lan ds to
H ig h la n d B ea ch ; Freneau th rou gh M ataw an to K e y p o r t, N . J. S tan d ard
Ban i V 6r c n n « a n ?> 7°->b : e lrdF ra lls' N ea rly all o v e r p riv a te right o f w av
O F F I C E R S .— P res., J as. H . M orris. L a n d T it le B ld g ., P h lla • Sec and
T r e a s ., J . B . L iv in g s to n , K e y p o r t, N . J .; A sst. S e c. a n d T re a s,, W U
M o y e r, L a n d T itle B ld g ., P h lla .— V . 7 6 , p . 1300.
w . u.
KOKOMO, IND.
K O K O M O M A R IO N & W E S T E R N T R A C T IO N C O . - A tr o lle y r o a d .
IO N .
In c o ip o ra te d In In d ia n a In F eb . 1903 u n d e r gen era]
railroad law s as su ccessor t o th e K o k o m o C on verse & M arion T r a c tio n C o
in A p ril 1903 acq u ire d b y p urchase the entire ca p ita l s to c k o f th e K o k o m o
I n ^ ^ k o i X ^ a l ^ o ^ 'l v a t e ^ X ^ W i f 'w ^ '* ^ 'ra n cliU es run°MiPy eMS**1^ p *a n t
C o m X Cn S 1 N0 ? 0 . 0 ^ D$ ^ - - B “ ! e:
M atUrttV’
6 *0 *"*
90900
" S f '. 'l e i ' r "
P referred , 6 ,$ 1 0 0 ,0 0 0 ( $ 1 0 0 ) ------First m ortg age $1 0 0 0 .0 0 0 / 1903
5 g J-J
750 000 Tnlv l 1 9 3 3
gold ($500 & $1 000) c & r . J In terest at S e cu rity T ru st C o ln d V u s t e e
K o k o m o R y & L igh t 1st m tg e ) 1903
5 g J-J
250 000 Jan 1 1 1933
$35 0,00 0 gold ( $ 1 , 0 0 0 ) c & r /I n t . a t S e cu rity T ru st C o
In d
T ru stee
B o n d s.— $250,000 are reserved to retire a like a m o u n t 'o f b o n d s o f th e
K o k o m o R a ilw a y & L ig h t C o ; th e rem ain in g $10 0,00 0 u n d e r t h i s la tte r
mortn-air,, has been caneeled
"
KEY WEST, FLA.
•
KEY
E L E C T R IC C O .— A trolley ro a d .
O R G A N I Z A T I O N .— In co rp o ra te d in N ew Jersey In 1808 and d oes en tire
e le ctric-lig h t an d p ow er business In a d d itio n to en tire street railw ay b u X e s s
o f th e c it y : a lso.ow n s fra n ch ise for m a n u fa ctu re o f gas
Franc/riscs are fo?
09 years from 1808
In Jun e 1904 acq u ired th e K e y W e st E l e c t r ic L ig h t
ComTm o ™ & '5 DooBo ° 5 l Do ! r . . . D a " M M H n.
P r o f $23 0,00 0 ($100) 6 % n - c . .............
............. ....
^30 000
.......................
F irst m o rtg a g e $ 1 , 0 0 0 , 0 0 0 ? 1006
5 g F -A
450 ,0 0 0 A u g ' 1*1956
s o l d - — - .......... - .....................l In terest a t S tate Street T r . C o B oston rr
B o n d s.— A re s u b je c t t o call as a w h o le at 105 and Interest at a n y tim e
O n e p er cen t o f b on d s o u t Is p a y a b le t o a sin kin g fund b e gin n in g D eo l
1 00 7, If earn ed; on D e a l 1012 b e c o m e s o b lig a to r y . Pr7f™ r?d stock Is
red eem a b le at p ar a fter D e c. 1 1909.
'
swck is
$ 3 4 , 0 7 5 N I N G S , _ F ° r ca le n d a r y e a r 100 5> ^rosa- S H 0 .8 8 2 ; n e t, after ta x e s,
_ 3 ° £ p -— 'O perates 5 m iles o f tra ck ; CO-lb. steel rails; 10 cars
w s , ! 2’67816
Gaue-e
■“ *■■■“ d i2»
p . ° w ^ ^ s d v 3 : ; g S B S i\
H e n r y B . S a w y er; M g r., S . B . T u e il, K e y W e s t, F la .; G en
W e b s t e r , 147 M ilk S tre e t, B o s t o n .— V . 8 2 , p . 1496.
Mgrs S to n e xe M iJtone &
KINGSTON, N. Y.
K IN G S T O N C O N S O L ID A T E D R R —
O R G A N I Z A T I O N .— T h is Is a co n s o lid a tio n on D e c. 11 1901 o f the K in r
■ton C ity R R . and th e C olonial C ity T r a c tio n .
tne Kl
STOCK A N D BO N DS—
D a te.
Interest. Outstanding
M aturltn
C o m m o n , $ 2 0 0 , 0 0 0 ($ 1 0 0 ) ...............................................
$20 0 000
M a t u n “ 'P r eferred , 4 % cu m $ 2 0 0 ,0 0 0 _____________ __________
2 0 0 '0 0 0 A uV ’Os ' p V
First con solid a ted m o r tg a g e / 1901
5 g J -J
534 000 Jan 1 l o s t
$70 0,00 0 ($1,000) g o l d - .c * \ I n t . a t M anhattanJTrust C o’., N . Y T ru stee
K in gston C ity H R .—
*• * . . ir u s ie e .
F irst m tge $500 e a c h .................. 1879
7 J-J
15,000 J u n e l 2 ln on
C on sol $15 0,00 0 ($1,000) n o t? 1893
5 M -S
135!000 M ch 1 1 9 2 3
s u b je c t t o call b efore m a t ’ y i l n t . at F a rm ers’ L oa n & T rust Co N Y
B on d an d m o r tg a g e .................... ...........
5 q u a r.
6.0 0 0 On dem and
B on d s.— $15 6,00 0 o f th e new $700,000 co n s o lid a te d m o rtg a ge is reserved
t o retire t h e ,K in g s to n C ity R R . u n d e rly in g liens. $10 ,000 1st con sol b on d s
h a v e been c a n c e le d '.
' uuuus
D ivid en d s.— 4 % has be e n p a id y e a r ly o n p referred s to c k since c o n s o li
d a tio n u p t o 1908, w h en 2 % w as p aid A u gu st 1 . N on e since
011
R O A D .— E m b ra ces 8 m iles o f tra ck . R a lls , 70, 80 an d 90-lb
4 n e»r«.
3 s n ow -p low s.
'
r
R E P O R T .— F o r y ea r e n d in g Jun e 30 1008: G ross, $142,467- net $ 4 0 ?nsfixed ch a rges, $ 40 ,590 ; d iv id e n d s , $ 8 ,000; su rplu s, $705.
O F F I C E R S .— P res., Charles M . P r e s to n , 27 W illia m S t. N ew Y o r k r i t w
V . - P C . G . R e e l, K in g s to n , and A . M . D a y , D a n b u ry , C o n n .; S ec. A u g J
P h illip s, K in g s to n ; T r e a s ., A b m . H a s b ro u ck , N ew Y o r k : Gen \fo-r n
G o rd o n R eel, K in g s to n ; S u p t., G . B . te B o w , K in g s to n .— V . 73, p . 1160
KITTANNING, PA.
K IT T A N N IN G & L E E C IIB U R G R A I L W A Y S C O — A tro lle y road
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n sy lv a n ia on M ay 26 isin i and
Is a co n s o lid a tio n o f th e K itta n n in g & L e e ch b u rg R y ., th e K lt t a n n in X v
F o r d C ity S treet R y .. th e W e s t K itta n n in g S treet R y . knd th e K U tanm n^
& M osgrove S treet R y . F ra n ch ise Is fo r 99 yea rs.
n .m a n n in g
STOCK A N D BO N DS—
D a te .
Interest. O utstanding
M a tu rity
S t o c k , $ 5 0 0 ,0 0 0 ($ 5 0 ).....................................................
$500 0 0 0
F irst m ortg a g e $75 0,00 0 g o ld / 1904
5 g J -J
27.500
1934
( $ 1 , 0 0 0 ) ......................... ......... c / I n t . a t U n io n T ru st C o ., P ittsb u rg h T ru stee
L oa n s p a y a b le Jun e 30 19 0 8 ........................... ................
$230 7 1 3 ^ ’ rU8tee
B o n d s .— $27 ,500 are reserved to retire a like a m o u n t o f bonds" o f th e K iV
ta n n in g & F ord C ity .
N ew b o n d s are s u b je c t t o call a fte r 5 years at 1 0 5
E A R N I N G S .— O f th e K ltta n n ln g & L e e ch b u rg R ailw ay fo r fiscal ve&r
e n d in g June 30 1908, gross, $ 5 5 ,4 8 6 : n e t, $ 2 7 ,5 3 8 .
y ar
R O A D .— O perates 12 m iles o f tra ck betw een K ltta n n ln g and F ord C ity
S ta n d a r d ga u g e, 7 0 -lb . rails. A n e x te n s io n o f 3 m iles to M osg ro v e is
p rop osed .
•
O F F I C E R S .— P res, an d M g r., F . A . M oesta, K ltta n n ln g ; S e c. an d T re a s.
Jas. M cC ullough J r ., K ltta n n ln g .
•'
KNOXVILLE, TENN.
K N O X V IL L E R A I L W A Y & L IG H T C O .—
b y A m erica n Cities R y . & L ight C o ., w h ich ow n s all th e c o m
m o n s t o c k &nd n early all o f th e preferred.
. „ , ? A 9 £ NI.Z^ TI^ N -~.L n c ° rP ° rated ln T en nessee on A u g ..5 1905 as a c o n
s o lid a tio n o f th e K n o x v ille T ra ctio n C o. and t b e K n o x v ille E le ctric L ig h t &
. . b ° es al! tb e street ra ilw a y an d all m u n icip a l an d com m ercial
^ e c t r lc -llg h t ln g an d p o w e r business ln K n o x v ille . A ls o con trols the
K n o x v ille P a rk A s s o c ia tio n , o w n in g tw o am u se m e n t parks. F ranchises
are p erp etu a l, e x c e p t as t o 1 H m iles o f street r a ilw a y , w hich latter run until
N o v 28 1946.
Isid ore N ew m an & Son o f N ew Y o r k a m i N ew M e a n s are
fiscal agen ts.
° a ic
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu rity
C o m m o n $ 1 ,5 0 0 , 0 0 0 ( $ 1 0 0 ) ..........................................
$ 1 ,4 9 1 ,9 0 0 D e c .3 1 ’08 1 %
P r e f 6 %i cum $50 0,00 0 ($100)
------Q -j
500 000 D e c 31*081 u
C on solid a ted m tge $ 3 ,0 0 0 ,0 0 0 / 1905
5 gM -S
1,9 3 2 ,0 0 0 SeDt 1 1 9 4 5
g o ld ( $ 1 JjOO)...................... c * 1 l t t S tand ard T ru st C o .. N ew Y ork T ru stee
K n o x v ille T ra c 1st M $ 8 5 0 ,-/ 1898
5 g A -O
824 ,000 A n r l l i luftt
000 g ta x fre e ($ l ,0 0 0 )c ' - . . ( I n t . at B a ltim ore T r . & G u. C o. Balt T n is
Stock and B on d s. — O f the $ 3 ,0 0 0 ,0 0 0 co n so ls. $82 4,00 0 are reserved tn
retire K n o x v ille T r a c . C o . b o n d s; th e rem ain in g $ 2 4 4,00 0 are In the m m
p a n y ’s trea su ry, h a v in g been Issued t o c o v e r 8 0 % o f th e co st o f recentb etterm en ts . T h e y are re d e e m a b le o n a n d a fte r S e p t. 1 1910 a t 107 1 4 and
Interest on 60 d a y s ’ n o tice . S in k in g fu n d an n u ally o f Y, o f 1% of all hnnd«
ou ts ta n d in g (in clu d in g K n o x v ille T r a c tio n bonds) begins S e p t. 1 1 9 1 0 and
a fter 5 years Is Increased to 1 % a n n u a lly . T h e K n o x v ille T r a c C n ’ o r J
m tg e . b on d s are n o t s u b je c t t o ca ll. $ 2 6 ,0 0 0 h a v e been can celed
p re
ferred s to c k Is red eem a b le a t 110.
u 1 re’
D ivid en d s.— 6 % per ann um Is paid on p re f. s to c k sin ce Issuance
First
d 'j 'd e n d on c o m m o n — 2 % — Jun e 29 1907. 1 % w as paid S e p t. 1907 and
190 8> M arch . 1 % : J u n e , 1 % ; S e p t ., 1 % ; D e c ., 1 %
R E P O R T .— F o r ca len d a r years:
, „ “ ar—
G ross.
N et a fter T a x es. Interest.
S u rnlus
J 9 9 8 ............. - ............................ $572,271
$ 2 7 9,48 7
$13 7,95 2
$141 5 3 5
J 9 9 7 ....................- ..................... 605 ,777
282 ,323
129 ,010
153 3 1 4
1 0 0 6 ............................................ 505,311
2 1 8 ,7 8 0
105,968
112 812
1 99 5- - - —
-------------------- 3 9 4 ,0 3 6
144,746
7 9 ,2 2 9
65 517
R O A D .— O w ns 41 m iles o f tra ck , In clu d in g 9 m iles o f d o u b le track 7 0 -ih
an d o v e r T an d girder rail.
H as 26 o p e n cars, 44 clo se d an d sem i-con
v e r tib le cars an d 15 freigh t se r v ic e cars; t o ta l, 8 5 . O w ns on e park and
leases a n o th e r.
* “■
O F F I C E R S .— P res ., C. H . H a r v e y ; V . - P . , W . S. Shields; S ec
Leon
rJPond,e ? :„ T r ? ? s ' an d A u d - H . T . B u n n .— V . 8 1 , p . 1044, 1665; V . 82. d 4 9
628, 1438; V . 83, p . 38; V . 85, p . 345 , 405 , 793 .
P 4U’
[VOL. LXXXVIII.
TlnnH* . . .
‘T 1.3 ‘“tie r
o v - i i u o 1.01 X »»Vy V U U L U t i l AIM7 0 U l JL
and Interest, b y K o k o m o M arlon & W est.
D fy fd e w f* .— O n p re f. s t o c k . 6 % p er ann um is b e in g paid
REPORT,
t o r ca le n d a r y e a r 1908: T o ta l gross (In cl. b o t h R a llw a v &
L ig h tin g ), $ 19 9,17 5; net a fte r ta x e s , $ 10 0,77 2. In 1907 gross s i s s ^7 7 net a fte r ta x e s, $92 ,7 6 7 .
’ Kloss>
R O A D .— O perates 40 m iles o f track In K o k o m o an d fro m K o k o m o to
M arlon.
Is co n n e c tin g link betw een the N orth ern T r a c tio n C o and th e
U nion T raction C o . o f In d ia n a . S tan d ard ga u g e. 7 0 -lb T r a i l
1 tne
O F F I C E R S .— P res. G eo. J . M a ro tt; V . - P . . L . J. Kirkpatrick- S ec
T reas. and^G en. M g r ., T . C. M c R e y n o ld s ; A u d ., C. C. T r e e s .— V . 8 1 ,’p . 1 5 5 ;
LACONIA, N. H.
LACONIA S T R E E T R A I L W A Y —
In N o v . 1906 c o n tr o l ch an ged han ds, and th e n ew Interests also acoulrert
c o n tro l o f th e L a co n ia E lectric L ig h tin g C o.
1 ca
O R G A N I Z A T I O N .— F o rm erly th e L a co n ia & L a k e p o r t Street R v
hut
nam e ch a n ged t o a b o v e In 1894
S T O C K & c.—
D a te.
Interest. O utstanding.
M a tu rity
C o m m o n , $100,000 ( p a r $ 5 0 ) _ . ____
.
_
$10 0 000
V'
P referred , 6 % c u m ., $ 4 0 ,0 0 0 -.
40 0 0 0
First m tg e , $91 ,000 ( $ 1 , 0 0 0 ) ./ 1899
5 M -N
OO’.OOO M a y ' l ' J b i o
_
,
1 In te re st at A m e rica n T ru s t C o . B o s to n .
S e co n d
m o r tg a g e , $ 4 0 ,0 0 0 / 1904
5 M -N
4 0 ,0 0 0 M ay 1 1 9 1 9
( $ 1 , 0 0 0 ) -------------------------------(In te re st at P e o p le ’ s N a tio n a l B a n k , L a con ia
D ividends — In 1893-94, p a id 5 % ; In 1804-05. paid 4 % ; n o n e sin ce.
R O A D .— O w ns 9 m iles o f tra ck , h a vin g In 1899 been e x te n d e d t o W eirs
4 m iles and the entire system e q u ip p e d w ith e le c tr ic ity .
In 1903 ro a d w as
ch an ged t o stan d ard gau g e.
E A R N I N G S .— F o r years e n d in g Ju n e 30:
1908.
1907. I 1908.
1907.
G ross -----------------------$33 ,722 $32,851 l in t , an d t a x e s ........... $9,142 $11 ,844
N n w i F i j M " 'n "
4 ’, r 01T 1 2 .6 2 1 1B al. fo r y e a r ...........d e f. 4,641 s u r.7 7 8
u- K m i
r U S .— P r e s ., I I . L . P ie rce , L e o n m in ste r, M ass.; ’T reas., F ran k
T y l e e 0' k '3011111181'61. M ass.; S e c ., G eo. P . M u n scy ; G en . M g r ., W m . H .
LA CROSSE, WIS.
L A CR OS S E C I T Y R A I L W A Y —
O R G A N I Z A T I O N .— C h artered N o v . 17 1885. F ra n ch ise runs till 1938
STOC K A N D B O N D S—•
D a te.
Interest.
O utstanding. Isist D ip.. A c
See below
S to c k , $500,000 (par $ 1 0 0 ) . ________
$ 5 0 0 ,0 0 0 f.p . In ’07,7 H %
First m o rtg a g e . $17 5,00 0 g o ld / 1893
6 g J -J ’
136,000
J a n . 1 1918
($1 000) - - - - - - - - - - - - - - - l
S u b je c t t o call Ja n . 1 1003.
In terest at N orth ern T ru st C o .. C h ic a g o .. 111., T r u s te e .
.
1802> 7 % ! 1 8 9 3 ,n one; 1 8 9 4 .7 % ; 1 8 9 8 ,7 % ; 1 8 9 9 7 %•
8 % -° 'l9 0 7 : 7 9( ? % 6 % : , 9 0 2 ' 7 % : 1 9 0 3 ,7 % ; 1 9 0 4 ,7 % ; 1905, 8 % ; 1006.
E A R N I N G S .^ -F o r calen d ar y ear 1907, gro ss, $ 12 6,13 0; n e t, a fte r ta x es
and Interest $2 0 ,1 2 2 .
In 1906. gross, $11 5,45 0; n e t, a fte r tAxes an d In
terest, $J7,Uo5>
R O A D .— O w ns 14.746 m iles ln c it y o f L a crosse.
O F F I C E R S .- P r e s . , B . E. E d w a rd s; V .- P ., W . W . C argill; S e c ., II E
W est; T r e a s ., R . C. W h e lp le y; S u p t., G eo. H . S h a w .— V . 84, p . 1182.
LANCASTER, PA.
SU S Q U E H A N N A R A I L W A Y . L I G H T & PO W ER CO.— I n c o r p o r a te d In
C o n n e cticu t F e b . 27 1907 t o o w n , c o n tro l and o p e ra te e le ctric r a ilw a y and
gas p ro p e rtie s. V . 8 4 , p . 271.
H as a cqu ired all the c o m m o n s to c k o f the
U n ite d G as & E le c tr ic C o .
O w n s en tire c o m . s to c k o f L a n ca s te r C o u n ty
R y . & L ig h t C o. V . 8 4 , p . 693 . In Jan . 1909 p u rch ased th e p r o p e r ty a n d
fra n ch ises o f P h lla . C o a te sv llle & L a n ca s te r S t. R y ., w h ich Is b e in g re o r
g a n iz e d .
N ew c o m p a n y w ill h a v e n o b o n d s.
V . 87, p . 1534: V . 8 8 , p . 158.
STOCK —
D a te.
in terest. O utstanding.
L a st Dim
S to c k , c o m . $ 1 0 ,000 ,00 0 ($ 1 0 0 ) ........................... ..
$4,0.14,500
S to c k , pref 5 % cu m to 7 % , )
$ 1 0 ,000 ,00 0 ($ 1 0 0 )............... / _____
5 M -S
4 ,0 )2,2 00 M c h l *09 2 V, %
S tock.— A ft e r 5 % has been paid o n th e c o m m o n , th e preferred w lll’ share
e q u a lly w ith the co m m o n In n o n -c u m u la tlv c d iv id e n d s up t o 7 % , all o th e r
d iv id e n d s a ccru in g t o th e co m m o n shares. V . 8 4 , p . 571 , 693.
D ivid en d s. — First d iv id e n d on preferred o f 2 H % paid S e p t. 1907
In
1908, 5 % ; In 1909, M c h ., 2 > * % .
,n
R E P O R T .— F o r y e a r e n d in g J u n e 30^1008. S ee V . 87, p . 1416.
N et earn. s u b . c o m p a n I c s .-$ 4 1 3 ,3 1 5 ' D Iv
" . p f.
‘ s tk . U . G . & E . C o . $ 58 ,605
E arn s, secur. h e ld ___________
9 5 ,0 6 0 D lv . p f. stk . L a n c .C . R . & L .
50,000
I n t . & m lscell. In c o m e _____
42,2 0 4
T o ta l d e d u c tio n s ............. -.$ 2 4 4 ,9 8 0
T o ta l n e t e a rn in g s__________ $551,479 Applicable to div. of S u s.'
D educt—
tx. .y.’ L.V & Pow - Co............. $306,499
I n t . U n ite d G . & E . C o .b d s - $ 86 ,375 D
i v i d e n d s ---------------------------- 131,632
I n t. L a n e. C o . R y . & L ig h t
b o n d s _____________________
50,000
Total surplus.. . . . .7 1 7 4 ,8 6 7
O F F I C E R S .— P res., G e o . B u llo ck ;
P - R - L ' Gr>scom; Sec. and Treas.,
A . S. C ook e; A sst. S e c . & T r e a s ., W . M . C a n b y . v - 85, p. 655; V .8 7 ,p .1 4 1 6 .
(1) Lancaster County Railway & Light
In F e b . 1907 the S u sq u eh an n a R a ilw a y , L ig h t & P o w e r C o. w as o r g a n
ized to co n s o lid a te this a n d o t h e r street railw ay an d e le ctric nroncrtipn
See V . 84, p . 392 .
p r o p e r tie s .
O R G A N I Z A T I O N .— In c o r p o r a te d on June 15 1901 In N ew Je rse y O w n s
pra ctica lly all th e c a p ita l sto ck s o f the C on estoga T r a c tio n (co m a n d D ref )
the L an caster Gas L igh t & F u el C o ., th e E dison E le ctric Illu m in a tin g Co
an d the C olu m bia E le ctric L ig h t, H eat <& P o w e r C o. o f C olu m b ia P a
an d these s to c k s are p la c e d u n d er th e new m tg e , o f 1901. F ran ch ises are
p e rp e tu a l.
D oes all the gas an d e le ctr ic ligh tin g In the cities o f L a n ca ster
and C olu m bia, an d p r a c tic a lly all ln L a n ca ste r C o u n ty .
STOCK A N D B O N D S—
D a te.
Interest.
O utstanding.
M a tu r ity .
S to c k c o m $ 1 ,3 5 0 ,0 0 0 ($ 5 0 )________
__________ $ 1 ,1 0 0 ,0 0 0 J a n .'0 9 , 2 %
S to c k p f. $ 1,000,000 ($5 0 )5 %\
c u m u la tiv e _________________ f _____
J-J
l,0 0 0 ,0 0 0 J a n ’ 09,1
M ortg age, $1,0 0 0 ,0 0 0 g o l d / 1901
5 g J -J
lf,0 00 ,0 0 0 J u ly 1 1951
($500 and $ 1 ,0 0 0 ).............c * l In terest a t L a n caster T ru st C o ., T ru stee
S ecurities o f L in es Controlled—
C o n e sto ga T r a c tio n first m t g e . 1900
4 J -J
1,277 500 Ja n . 1 1950
L an caster C ity R R first m t g e / 1890
5 g A -O
160,000 A p ril 1 1920
($100 and $ 5 0 0 )_________ c * \ M e tro p o lita n T ru s t C o ., N . Y ., T ru stee
W E St R y first m tge $ 2 2 5 .-/ 1891
5 M -N
2 25 ,000 M av 1 1 9 2 1
000 ( $ 1 0 0 , $500 & $ 1 , 0 0 0 ) c* (M e tro p o lita n T ru st C o .. N . Y . , T ru stee.
L a n caster & C o lu m b ia s t o c k . . ____
3 7 , 5 0 0 2 0 % p er a n .
6 A -O
First m o r tg a g e ........................... 1893
2 28 .000 A p ril 1 1923
5 M -N
C o lu m b ia Elec Lt H t & P m tge 1905
128.000 M ay 1 1935
5 J-J
Edison E lec Ilium C o m t g e
4 9 ,7° 0 J u ly 1 1922
5 J-J '
do
do
m t g e ___ ______
2^0,300 J a n . 1 1 0 2 5
5 J-J
Lane Gas L ight & Fuel m tg e . _______
300 .000 Ja n . 1 1925
5 J-J
do
do
m t g e . . 1906
100.000 Ja n . 1 1936
D ivid enid
d s.
s.— T h e ..........................
first d iv id e n d on th e preferred s to c k ( 3 % ) w as’ nald on
J u ly 1 1904
104 am i 3 % w as again p aid on O ct. 1 1904.
I ii9 0 5
an
3%
(see V . 79,
„• July,
u
. %: b
_ e e . . 4 H %.
)n. pp . 2 7. 0 .6 ).Tan
3
m
1
006. M arch 4 %- Aue
*» /<,, > v u g . ,
2M % .
In 1907, J a n ., " 2 % / J.T
u ,,iv
l y , r6 %
% .. " i Tn
n K
l OinOg ir 's ?.*" x a iIc nn , 190
9, Ja n .
1H % O n c o m ., In 1908. 1 0 % .
In 1909, J a n ., 2 %
R E P O R T .— R e ce ip ts o f th e L a n caster C ou nty R ailw ay & Light f o r fiscal
y e a r e n d in g Ju n e 30 1908 w ere: G ross Incom e,'S$2n2 “e i - n et $201 3 9 r
in terest. $ 52 ,100 ; su rplu s, $ 1 4 9 , 2 9 1 .
*
n e t. $ 2 0 i , a » i -
1907
R O A D .— T h e C on esto g a T r a c tio n C o. (th e o p e r a tin g c o m p a n y ) leases
143 .75 m iles o f tr a c k , Inclu din g th e L a n ca ste r C ity S treet R y . , 13.55 m iles;
L a n ca ster A C olu m b ia , 0 .1 6 m iles; L a n ca ste r A L ltltz , 10.10 m iles C o lu m
bia A Ir o n v llle , 3.5 9 m iles; C o lu m b ia A D o n e g a l, 5.67 m iles; L a n ca ste r &
M ech an lcsbu rg A N ew H o lla n d , 20.62 m iles; th e N ew H o lla n d Blue Ball A
T erre H ill S treet R y . , 5 m iles; th e R o h re r s to w n L a n d lsv llle & M t. J a y K y ..
10 m iles; th e L a n ca ster & E astern R y ., 17 m iles; th e L a n ca ster A Q u arryvllle S treet R y ., 8 .7 5 m iles; the E liz a b e th to w n A F lo rin Street R y ., 7 m iles;
L a n ca ster A M lllersvllle R y ., 3.57 m iles; L a n ca ste r W illo w S treet L a m p e te r
A S tra sb u rg R y . , 11)4 m iles; th e L a n ca ste r & M anhelm R y ., 8 m iles; the
E p h r a ta A A d a m s to w n , 8 m iles, and the L a n caster & R o c k y S prin gs, 4 )4
m iles. T h e la tter fo u r co m p le te d and leased fo r 099 years at a ren tal o f
6 % o n s to c k . A n e x te n s io n fro m C h ristiana t o C oa tcsvllle Is u n d er c o n
s tr u c tio n .
,, ,
_
.
O F F I C E R S .— P res ., W . W . G rlest: V .- P .. G eorge B u llo ck ; S e c. and
T r e a s ., A . S. C ook e. — V . 79, p . 501. 1330, 2796; V . 84, p . 271 , 39 0 , 570,
693.
(a) L a n caster M ech a n lcsb u rg & N ew H o lla n d R y .— A tro lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d M ay 16 1899.
R u n s fro m L a n ca ste r
t o N ew H o lla n d , w ith an exten sion t o E p h ra ta , 20.62 m iles. Is leased
t o C on estoga T r a c tio n C o. for a rental o f 8 % on s t o c k . C a pital s t o c k ,
330 0,00 0.
S to c k Is n o t o w n e d b y lessee. N o b o n d s .
(b) R o h re rs to w n L a n disv ille & M t. J o y R y .— T r o lle y .
O R G A N I Z A T I O N .— O w ns an e le ctr ic road o f 10 m iles fro m L a n ca ster
th rou g h L a n disv ille, Salu n ga, M t. J o y and F lo rin .
Is leased fo r 999 years
t o th e C on estoga T r a c tio n at rental o f 6 % on Its 340 0,00 0 s t o c k . N o fu n d ed
d e b t.
V . 73, p . 236.
(c) Ephrata & Adamstown R y .— A trolley road.
O R G A N I Z A T I O N .— T h is c o m p a n y w as In co rp o ra te d w ith 322 5,00 0
ca p ita l s to c k on S ep t. 17 1901.
O w ns ro a d fro m E p h ra ta t o A d a m s to w n ,
8 m iles, w h ich w as leased In 1903 t o th e C o n e sto ga T r a c tio n C o. fo r a ren tal
o f 6 % on th e s to c k .
N o fu n ded d e b t .
.j
(d) L a n ca ster & R o c k y S p rin gs R y .—
O R G A N I Z A T I O N .— O perates 4 'A m iles o f tr a c k .
S to c k , 320 0 ,0 0 0 . N o
b o n d s.
Leased t o C on esto ga T r a c tio n C o . fo r 099 years a t 6 % on s t o c k .
(e) New H ollan d Blue Ball & T erre Hill Street R y . —
O R G A N I Z A T I O N .— O perates a line fro m Blue B all t o T erre H ill. Is
leased t o th e C on estoga T r a c tio n C o. fo r 999 years a t 5 % o n Its 3120,000
c a p ita l s to c k .
(f) L a n caster & E astern R y .
.
O R G A N I Z A T I O N .— O perates 17 m iles o f tra ck fro m L a n ca ste r t o C h ris
t ia n a . C a p ita l, 3 43 0,00 0. W as leased on Jun e 1 1906 t o C o n e sto g a T r a c
tio n C o. at 6 % on s to c k .
(g) L a n caster & Q u arryvillc Street R y .—
O R G A N I Z A T I O N .— C onsists o f 8 .7 5 m iles o f tr a c k .
Is leased t o .Cones
t o g a T r a c tio n at rental o f 6 % o n Its 3225,000 s to c k .
(h) E liz a b e th to w n & Florin Street R y .—
O R G A N I Z A T I O N .— Consists o f 7 m iles o f tra ck . O c t . 1 1908 w as leased
t o C on estog a T r a c tio n a t rental o f 6 % o n 3 2 2 0,00 0 s t o c k .
(2) U nited Cias & E le ctric C o .
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew J e rs e y . O w ns an d c o n tr o ls
12 gas an d ele ctr ic com p a n ie s In v a rio u s c itie s In th e U n ite d S ta te s.
All
th e c o m m o n s to c k has b ee n a cq u ire d b y .tlie S u sq u eh an n a U y . L t . A P o w . Co
STOCK AN D BO N DS.
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , c o m m o n , 3 2 ,5 0 0 ,0 0 0 ___ ______
___________ 3 1 ,6 4 9 ,2 0 0 ____________
S t o c k , p referred , 3 1 , 5 0 0 , 0 0 0 . . ____
___________
1 ,1 7 2 ,1 0 0 ____________
1st m t g e ., 5 3 ,0 0 0 ,0 0 0 (S5001 1002
5 g J -J
1 ,7 7 1 ,5 0 0
1922
an d 51,000) g o l d _________ c j l n t . a t N ew Y o r k T r u s t C o ., tru stee.
O F F I C E R S .— P r e s ., G eorge B u llo ck ; V . - P . , R ic h a r d S . S to rrs; S ee.
an d T r e a s ., A . S . C ook e .
LANCASTER & Y O R K FU RNACE STREET R Y .— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d J u ly 22 1901 In P e n n s y lv a n ia . In
F e b . 1008 red u ced s to c k fro m 5280,000 to 517 0,00 0 a n d m ade 5150.000
m tg e ., w h ich see b elow .
V . 86, p . 48 0 .
,,
„
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k 517 0,40 0 ( 3 5 0 ) ............................................- 517 0,40 0 ------- - - - - -
1st m tg g o ld 315 0,00 0 (5100.1 1908
5 g J-J.................. 10,000 J an 1 1928
3500, 5 1 .0 0 0 )..................c A r / l n t . at N orth ern T ru st C o ., L a n e ., tru stee.
B on d s.— A r e n o t s u b je c t t o call an d h a ve n o sin k in g fu n d .
R O A D .— O perates 1 2 H m iles o f tra ck be tw e e n M lllersvllle an d Y o r k
F u rn a ce. A n e x ten sion Is p ro p o se d t o L a n ca ste r. 7 0 -lb . T rail. G auge
O F F I C E R S .— P res ., P u il H ein e; V ic e -P r o s ., A .’ B .JB ausm an; S e e ., J . H .
M yers; T r e a s ., A . M . L a n d is; G en. M g r., P . H . H a u ts c h .— V . 8 6 , p . 480 .
LANSDALE, PA.
M O N T G O M E R Y T R A C T IO N C O .— A tro lle y ro a d .
O R G A N I Z A T I O N .— In co rp o ra te d In P e n n sy lv a n ia on J u ly 6 1905 as
su ccessor u nd er foreclosu re o f th e Lansdale & N orristow n E le ctric R y .
STOCK AN D BO N D S—
D ate.
Interest. O utstanding.
M a tu rity .
S to c k , 525 0,00 0 ( 3 5 0 ) . ...................................... - ..............
325 0,00 0
.........
First
m ortg a g e.
3 2 5 0 .0 0 0 f 1905
5 g J-J
250 ,000 J u ly 15 1935
(31,000) g o ld ........... ............c (I n t . at E . P . W ilb e r T r . C o ., S o . B e th .,P a .,T r.
Bunds are s u b je c t t o call before 1908 at 102 14; th e re a fte r at 105.
___
E A R N I N G S .— F o r y ea r e n d in g D e c. 31 1908, 53 8 ,8 5 4 ; In 1907, 5 30 ,526 .
R O A D .— O perates 1 , m iles o f tra ck fro m L a nsdale t o N o rris to w n .
G au ge, 5 ft. 2 )4 In. 70 an d 8 0 -lb . T rail.
. _
O F F I C E R S .— P r e s ., W . O . H a y , E a ston ; S ec. an d T r e a s ., G . A . R e e d
B eth leh em ; S u p t., T h om a s G ib so n . W e s t P o in t. P a .— V . 8 1 , p . 508.
LANSING, MICH.
M ICH IG A N U N IT ED R Y S .— A th ird -rail a n d tro lle y system
O R G A N I Z A T I O N .— In co rp o ra te d In M ichigan on M arch .11 1906 and
on M ay l 1906 to o k o v er the M ichigan T ra ctio n C o ., th e M ichigan 'T raction
E x ten sion C o ., the Jack son A B attle Creek T r a c tio n C o ., an d th e L a n sin g A
Sub u rban 'T raction C o ., and ow ns all the ca p ita l 3tock o f the L a n sin g A
J a c k s o n R a ilw a y C o.
In O ct. 1907 the L a n sin g S ou th ern R y . w as Incor
p ora ted as a su b sid ia ry c o m p a n y to build t w o m iles o f e le ctr ic railw ay
th ro u g h M a son . M ich . S t o c k , 550,000.
In 1908 co n s o lid a te d w ith J ack son C on solid a ted T r a c tio n C o. V . 84, p .
1183, an d V . 87, p . 285. L a tte r c o m p a n y ’s fra nchises In J a ck so n ex p ire
In 1930.
STOCK A N D BO N DS—
D a te.
Interest, ou tsta n d in g.
M a tu r ity .
C o m m o n , 56,0 0 0 ,0 0 0 (5 1 0 0 )........................... ................ 5 6 ,0 0 0 ,0 0 0 ......................
P r e f 51,0 0 0 ,0 0 0 (3100) 6 % c u . ....................................
1 .000,000
See t e x t .
1 st A r e f’ g m tge 512,500 .00 01 1906
5 g M -N
2 ,7 1 0 ,0 0 0 M ay 1 1 9 3 6
g old (31,000, 3500, 5 2 5 0 ), )In t. at K n lc k e r b o c k e r T r.C o ., N . Y . , trustee,
5100 an d
5 0 _________ cA rJ
o r N a t. P r o v in cia l B k . o f E n g .. L o n d o n .
M ich T r a c t 1st m t g e ..............1901
5 g J-J
700 ,0 0 0 Jun e 1 1921
5700.000 (51.000) g o l d . . c * l Interest at N ew Y o r k T ru st C o .. 'Trustee.
M ichigan T r a c e x t first m tg e ) 1903
5 g J -D
500 ,0 0 0 D ec. 1 1923
3500.000 (31,000) g o ld ___c l l n t . at K n lc k e r b o c k e r T r . C o ., N . Y . , T r u s t.
J ack son A B a ttle Creek first) 1903
5 g J-J
1 ,200,000 J a n . 1 1923
m ortg a g e, 31,2 0 0 ,0 0 0 ( $ 1 ,- ^Interest at C itizen s’ S av in gs A T ru st C o .,
000) gold ..............................c*J
C lo v e ., T ru ste e , o r First N a t. B k .. N . Y .
J a ck s o n C on sol T r a c 1st m tge 11904
5 g M -N
790 ,000 M ay 1 1 9 3 4
5 1 , 0 0 0 , 0 0 0 g o ld (5100, 5500 H nterest at G uardian T ru s t C o ., N ew Y o r k ,
a n d 5 1 .0 0 0 ).........................c*J T ru ste e .
L a n sin g A Jack son llrst m tgel 1905
5 g M -N
3 5 0 ,0 0 0 M ay 1 1930
51 0 0 0 ,0 0 0 (5 1 ,0 0 0 ) g o l d .c * ) ln t . at K n ick e rb o ck e r T r . C o ., N . Y . , T r u s t.
B o n d s .— O f th e 5 1 2 ,500 ,00 0 1st A ref. b o n d s, 53,1 9 0 ,0 0 0 are reserved
fo r prior liens now o u tsta n d in g an d 505 0.00 0 fo r L ansing A J a ck so n b o n d s
still to be Issued; 51,500,000 fo r c o n s tru ctio n o r pu rch ase o f a d d itio n a l lines;
54,4 5 0 ,0 0 0 reserved fo r a d d itio n s , be tte rm e n ts an d Im p ro ve m en ts and to
retire all p rior liens. A re s u b je c t to call a fte r M ay 1 1916 at 110. V . 82,
. 1157. S ee also V . 8 7 , p . 167, 285 . T h e J a ck s o n C o n so l. T r a c . C o.
on d s a rc s u b je c t to call on a n y ln t. d a te a t 105.
On the M ichigan 'T raction C o. b o n d s a sin k in g fu n d o f 5 % o f gross ea rn
ings co m m e n ce d In 1903, t o be used In b u y in g b o n d s at n o t t o e x c e e d 110;
oth erw ise t o be Invested in o th e r stan dard secu rities
V . 7 2 , p . 391;
544 ,000 o f b on d s n ow held in sin k in g fu n d .
T h e L a n sin g A Jackson R y . b o n d s are gu aran teed p rin cipa l an d Interest
b y the M ich igan U n ited R y s .; a sin kin g fu n d begin s Jan . 1 1910, t o w hich
1 % o f b o n d s a u th orized Is p a y a b le a n n u a lly th e first five y e a rs, 2 % per
an n u m the n e x t 5 years an d 2 ) 4 % a n n u a lly th e re a fte r.
B o n d s are n ot
s u b je c t t o ca ll.
T h e Jack son A B a ttle Creek b o n d s are s u b je c t t o ca ll In
■>ny a m ou n t a fter 10 years a t 105 and Interest. V . 75, p. 1147.
D iv id en d s.— 6 % Is b e in g paid on pref. sto ck
E
59
ELECTRIC RAILWAYS
F e b ., 1909. J
E A R N I N G S .— I n c lu d in g J a c k s o n C o n so lid a te d T r a c tio n C o .:
PHYears ending A p r il 3 0 — 190 7-0 8.
1906-07.
190 5-0 6.
1904-4)5.
G ross e a rn in g s ___________
5943,324
5 8 7 7,01 5
5782,346
5 6 3 7 ,8 1 5
521.728
476,851
441,471
3 8 0 ,8 0 9
L ess o p e r . e x p e n s e s ____
vyAi
—■—
- ■ ■ ■......
■ ~—" — —— —— — —
: N et e a rn in g s __________
542 1,59 6
540 0,16 4
5 3 4 0.87 5
3 2 5 7,00 6
R O A D .— O perates all c it y lines In K a la m a z o o , B a ttle C reek, J a cs k on a n a
L a n sin g an d In terurban lines fro m L a n sin g t o S t. J o h n s, J a ck so n to B a ttle
C reek, B a ttle Creek to K a la m a zo o an d J a ck so n to W o lf L a k e ; to ta l o p e r a te d .
180 m iles. T h e o w n e d L a n sin g A J a ck so n R y . Is b u ild in g an e x te n s io n
3 7 )4 m iles fro m L a n sin g t o J a c k s o n , o f w h ich 12 m iles fro m L a n sin g t o
M ason Is e x p e c t e d to be In o p e r a tio n N o v . 1 1908.
O F F I C E R S .— P r e s ., M y ro n W . M ills, M arysville: 1st V . - P . , Jas. R .
E llio t, L a n sin g ; 2d V .- P . a n d G n . M gr., J . P . C lark, J a c k s o n ; S e c ., R .
M orrison ; 'T r e a s ., P o m e r o y L a d u e .— V . 8 2 , p . 8 0 5 ,9 8 7 , 115 7; V . 8 4 ,p . 1 1 8 3 ;
V . 8 5 , p . 722; V . 8 7 , p . 97, 167, 282 , 285; V . 88, p . 295.
LEETONIA, OHIO
YO U N G ST O W N & OHIO R IV E R R R .— T o be a trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n D e c . 8 1905.
In 1908
leased the S alem R R . fro m the P itts b u r g h L isb o n A W estern R R . C o . fo r
56,000 p er a n n u m ; the fo rm e r ru n s be tw e e n S alem a n d W a s h ln g to n v llle
7 m iles.
STOCK A N D BO N D S—
D a te .
Interest. O utstanding.
M a tu r ity .
s t o c k . 52,5 0 0 ,0 0 0 ( $ 1 0 0 ) ....................
...............
$ 1 ,7 0 0 ,0 0 0 ..................
1st
m o rtg a g e ,
$2,500,000 1 1907
5 g J -D
1 ,5 0 0 ,0 0 0 Ju n e 1 1927
($ 1 ,0 0 0 ), g o ld ________ c* A r li n t , a t C itizen s’ S a v . A T r . C o ., C le. T r u s te e .
B o n d s.— T h e unissued 5 1 ,0 0 0 ,0 0 0 Is reserved fo r e x te n s io n s a n d I m p r o v e
m en ts
B o n d s are s u b je c t to call a t 101 an d ln t o n a n y Interest d a y .
R O A D .— Is b u ild in g fro m the te rm in u s o f the Salem R R . . a t D e p o t S t .,
In .Salem, O ., th rou gh the c it y o f S alem , t o a c o n n e c tio n w ith the tra ck s
o f the Stark E lectric R y . C o ., a n d fro m a c o n n e c tio n w ith the Salem R R .
a t W a s h ln g to n v llle . th rou gh I c c t o n l a , L isb o n an d W e s t P o in t to E a st
L iv e r p o o l, O ., a d is ta n c e o f 38 m iles. A t L e c t o n la , O . c o n n e c tio n Is m a d e
w ith the Y o u n g s to w n A S ou th ern R y ., a n d b y a t r a ffic a rra n g e m e n t th e
cars o f the Y o u n g s to w n A O h io R iv e r R R . w ill be op e ra te d In to the c it y
o f Y o u n g s to w n ,
is In o p e r a tio n betw een S alem , W a s h ln g to n v llle , L e c
to n la and L isbon , 20 m iles. R e m a in d e r e x p e c te d t o b e In o p e ra tio n b y
M arch 1 1909.
O F F I C E R S .- - P r e s ., R . F . D e n n ison : S ec. and T r e a s ., F . S. W h it c o m b .
G eneral o ffic e , L e e to n ia , O .— V . 8 5 , p . 532; V . 8 6 , p . 1346; V . 8 7 , p . 6 7 9 .
LEWISTON ME.
L E W IS T O N A U G U S T A & W A T E R V I L L E ST R E E T R Y .— A t r o ll e y r o a d .
O R G A N I Z A T I O N .— O rganized In M aine In 1907 as a c o n s o lid a tio n o f
the L ew iston B run sw ick A B ath S treet R y . (w h ich ow n e d th e B ru n sw ick
A T o p sh a m R y ., L ew iston A A u b u rn R R . an d B a th S treet R y .) a n d th e
A u g u sta W ln th ro p A G ardin er R y . (a co n s o lid a tio n In M a y 1902 o f t h e
A u g u sta H allow ell A G ardin er R R . and the L ew iston W ln th r o p A A u g u s t a
S treet R y . ) .
V . 84. p. 1182. F ran ch ises are p erp etu al.
STOC K A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $3,0 0 0 ,0 0 0 ($ 1 0 0 )
--
F irst and refu n din g m ort-1 1907
5 g A -0
1 ,5 0 0 ,0 0 0 A p ril 1 193 7
gage, $5,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) ,) O ld C o lo n y T ru st C o ., B o s to n , T ru stee.
g o ld _____________________ c* J In te re st a t a g e n cy o f c o m p a n y , B o s to n .
Securities o f the Lew . B ru n s. & B ath S t. R y .—
,
F irst m tg e . $ 1,000,000 g o l d . . . 1898
5 g M -S
845 ,0 0 0 M ch . 1 1918
B a th S t R y 1st m tg e $ 3 0 0 ,00 0 ) 1893
5 g J-J
70.0 0 0 J u ly 1 1 9 1 3
g o ld ($ 1 ,0 0 0 )...................... c * l
S u b je c t t o call a fte r J u ly 1 1898.
L ew iston A A u b H R R 1st M . 1891
5 J -D
8 5 ,0 0 0 Jan 1 1 9 1 1
S ecurities of the A u g . W in . & G ar. R y .—
,
,
A u g u sta H a llo w e llA G a rd in e r] 1890
6 J-J
10,500 J u ly 1 1 9 1 0
first m o rtg a g e fo r 5 1 0 0 ,0 0 0 J In t. a t In te rn a tio n a l T r . C o ., B o s t o n , T r u s t.
A u g H A G gen m tge c o n v . . c 1901
4 J-J
*239 ,500 J u ly
1951
A u g W in A G ard 1st M 5250,-1 1902
4 g J-J
* 1 5 0 . 0 0 0 J u ly 1 1 9 5 2
000 c o n v ( $ l .000 A $500) g c * / ln t . at A u g u s ta T r . C o ., A u g u s ta , M e. .T r u s t .
A u g W in A G ard gen M $125,-1 1905
5 g J-J
100 .000 Jan 1 1 9 3 5 GOO ($500 an d $1,000) g o ld /I n t e r e s t a t A u g u sta T ru s t C o .. T ru ste e.
• B o n d s.— T h e $ 5 ,000,000 1st m tg e . b on d s are s u b je c t t o call on a n y ln t .
d a y at 107)4 and ln t.
N o sinking fu n d .
$1,500,000 are reserved fo r p r io r
liens, $50 0,00 0 are In treasury fo r present Im p rovem en ts and b e tte r m e n to
and $ 1 ,5 0 0 ,0 0 0 are reserved fo r fu tu re e x ten sion s and lm p ro v e m e n ts T h e A u g u sta W ln th r o p A G ardin er R y . gen . m tg e . b o n d s o f 1005 are s u b je c t
to call a t par on a n y ln t. d a te o n 65 d a y s ’ n o tice . T h e A u g . W in . A G a r.
R y . 1st m tg e . b o n d s are exch a n g e a b le fo r 4 % p re f. stock o f th e sam e c o m
p a n y , w h ich s to c k has th e sam e se cu rity as the b o n d s and m atures a t th e
sam e tim e : $77,000 o f b o n d s re p o rte d a b o v e as ou tsta n d in g had be en e x
ch a n ged u p t o F e b . 1 1909. T h e A u g . H . & G ar. gen . m tg e . b o n d s are e x
ch a n ge a b le fo r 4 % p ref. stock o f the sam e c o m p a n y . h a v i n g the sam e se
c u rity as th e b o n d s an d m atures a t the sam e tim e; $17 8,00 0 o f the $ 2 3 9,50 0
r e p o rte d a b o v e as o u ts ta n d in g h ad been e x ch a n g e d up t o F e b . 1 190 9.
O f the L ew iston B ru n sw ick A B a th S treet R y . 1st m tg e . b o n d s o f 189 8,
$155,000 are reserved to retire th e u n d e rlyin g b o n d s.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1908, gross, $ 3 8 7 ,1 8 5 ; n e t,
$ 1 4 8 ,3 1 7 ; ch arges (In clusive o f Interest o n p r o p o r tio n o f $ 1 ,5 0 0 ,0 0 0 o u t
s ta n d in g L e w isto n A u g . A W a te r v llle S t. R y . 1st m tg e . b o n d s; b e lo n g in g
t o new m ileage, $87 ,6 8 7 ; su rplu s, $6 0 ,6 3 0 .
„ „
„ _
R O A D .— O perates a system In and betw een A u g u sta , H allo w e ll, G a rd in er,
F a rm in g to n , T o g u s an d W ln th r o p , an d a n o th e r system c o n n e c tin g B a th
w ith B ru n sw ick , L e w isto n , A u b u r n , S a b a ttu s, &c.
In 1907 co m p le te d a
9-m lle e x te n s io n b e tw e e n A u bu rn a n d M ech an ic F alls. L in e fro m L e w isto n
t o A u gu sta an d W a te r v llle , c o n n e c tin g t w o syste m s, co m p le te d In 1908.
T o t a l, 134 m iles.
„
„ _
„ , _. „
O F F I C E R S .— P re s ., Joh n R . G ra h am , B a n gor; V .- P . , H . L . C lark . P h ila .
T r e a s ., D . S. H a h n , L e w isto n : G en. M gr. an d P u r. A g t ., H a rry B . I v e r s .
L e w isto n .— V . 84. p . 1182; V . 85, p . 469.
LEWISTOWN, PA.
I.F W IS T O W N & R E E D S V IL L E ELECTRIC R Y .—
O R G A N I Z A T I O N .— In co rp o ra te d In P e n n sy lv a n ia on M arch 24 1892
S T O C K A N D B O N D S .—
D a te.
Interest. O utstanding.
M a tu r ity .
S to ck $150,000 (550) ..........................................................
i 907
1st m ortg a g e g old ($500 a n d ) 1899
5 g J-J
150 ,000 Ju n e 1 1919
$1,000)
$ 1 5 0 ,0 0 0 ____ c A r / l n t . at U n io n T ru st C o ., P h ila ., T ru s te e .
2d m o rtg a g e gold ($500 a n d ! 1902
5 g M -N
125,000 M ay 1 1917
$1,000) $ 1 2 5 ,0 0 0 .......... c A r J I n t . at C o m ’ w ealth T r . C o ., H arrlsb g . T ru e.
B o n d s.— T h e firsts are n o t s u b je c t t o c a ll, b u t th e se co n d s can be ca lled
at p a r a fte r 3 years.
D ivid en d s.— 1902 t o 1907, Inclu sive, 5 % p er a n n u m .
E A R N I N G S .— F o r fiscal y e a r e n d in g Jun e 30 1908, gross, $82 ,8 0 2 ; o p e r .
exp e n se s, $ 5 0 ,9 4 0 ; n e t, In clu din g Incom e on secu rities o w n e d , $ 3 3 ,1 1 2 ;
fixed charges a n d ta x e s , $15 ,467 ; d iv id e n d s , $7,500; su rplu s, $10 ,1 4 5 .
R O A D .— O perates 9 )4 m iles o f tra ck fro m L e w isto w n t o R e e d s v llle and
L ew lstow n J u n ctio n , w ith a bra n ch t o B u rn h a m . 60 an d 7 0 -lb . T and
7 0 -lb . girder rail.
O F F I C E R S .— Pres, and M g r ., J. I. Q u ig le y , L e w isto w n ; V . - P . . A . B .
S pa n ogle; S e c ., E . R . S p o n slo r, H arrisburg; T r e a s ., G . H . M a ck lln ,
M c V e y to w n ; S u p t., C. E . G ossa rd . L ew istow n .
LEXINGTON, KY.
L E X IN G T O N & IN TER U R B AN R A I L W A Y S C O.—
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Jersey o n D e c . 5 1905 and
a cq u ire d $799,925 o f th e 580 0,00 0 s to c k o f the L e x in g to n R y . C o ., th e en tire
s to c k (3225,000) and b o n d s ($ 8 8 , 0 0 0 ) o f th e F ra n k fo rt A V ersailles T r a c tio n
C o ., th e en tire s to c k o f th e B lue G rass T r a c tio n C o ., th e en tire $ 1 2 5,00 0
c o m m o n s to c k o f th e C entral K e n tu c k y T r a c tio n C o . an d th e en tire p r e
ferred s to c k and b o n d s o f th e la tte r c o m p a n y . D o e s th e en tire e le ctr ic
lig h t, gas, street railw ay an d ice business o f L e x in g to n . S tre e t ra ilw a y
franchises In L e x in g to n . G e o rg e to w n and Paris an d fo r Interu rban lin es are
p e rp e tu a l; in F ra n k fo rt ex p ire s In Jun e 1923.
E le c tr ic lig h t and p o w e r
fra n ch ise In L e x in g to n exp ires In A u gust 1016.
H
M E R G E R O F S U B S I D I A R Y C O M P A N I E S — In 1907 the F r a n k fo r t A
V ersailles T r a c t, a n d C entral K e n tu c k y T r a c t. C o . w ere m erged u n d er
the n a m e o f T h e Cen tral K e n tu c k y T r a c tio n C o ., w ith ca p ita l sto ck o f $ 42 5,
000 , all o w n e d b y this c o m p a n y .
V . 85. p . 344.
GO
j Vo:u Lxxxym
• ELECTRIC RAILWAYS
S T O C K A N D B O N D S .—
D a te.
Interest. O utstand ing.
M a tu rity
C o m m o n $ 2 ,0 0 0 ,0 0 0 ($ 5 0 )................................................. $ 2 , 0 0 0 , 0 0 0
v
P r e f $ 1 ,0 0 0 ,0 0 0 ($50) see t r x t . .............................
3 3 2 'non
CoU T ru st M tge $ 0 ,0 0 0 , 0 0 0 1 1006
5 ? F -A
1 ,0 0 3 .0 0 0 F e b - l ' i 555
g old ($1,000) -------------------c j l n t . at G uar. T r . & S . D . C o ., P h lia T ru s
P a ssen ger A B elt 1st M tg e j 1891
6 g A -O
93,000
See t e x t
$ 2 0 0 ,0 0 0 ($ 1 .0 0 0 )_________ f l n t . at Am er. T r .A S a v nir e h in .
0 10X1
Lex
gc.
B lu e vnaoo AOU xex
%>•kj\j, vj\j\j i at/v*
o £ ivi-O
4JL4.1MJU MCh 1 1 0
g old ($500 a n d $1,000) .c & r j I n t . at C levelan d T r . C o ., C lev. T ru stee
G e o rg e t’ n & L e x to n 1st m tg e ) 1901
5 g M -N 15
200,00<)N ov 15 1921
$ 2 5 0 ,0 0 0 g old ($100, $ 5 0 0 1In t. at C ln cin . T r . C o ., T in s , and at S ta n d an d $1 0 0 0 ) -------- --------- c & r j
ard T ru st C o ., N ew Y o r k
M and
C en t K e n T r a c t 1st m tge\ 1907
5 F -A
* 6 2 3 .0 0 0 Aue- 1 1 9 3 7
.......... c*J G uar .T ru st & S afe D e p . C o ., P h lia / trustee.
* i ’.0 0,0,’ 000 —
•Of th is a m o u n t $88 ,000 has been d e p o s ite d as colla tera l fo r L e x .'& In te r
u r b a n R y s . c o ll, trust m tg e . o f 1906.
S to c k .— 'T he’ Preferred s to c k Is 8 % . cu m u la tiv e fro m Jan . 1 1908 an d Is
r e d e e m a b le a fte r 191 Oat $60 per share, an d Is co n v e r tib le Into c o m m o n s t o c k ;
See Y . 84 P. 22 0 . B oth classes o f s to c k are listed on the P h lia. S to c k K x ch .
V •o 4 , p . o 2 u .
B o n d * .— O f th e $ 6 ,0 0 0 ,0 0 0 c o ll, tru st b o n d s , su fflc e n t are reserved to
re tire th e 1st m tg e . b on d s o f th e B lue G rass T r a c tio n C o. an d the G eorge
t o w n & L e x in g t o n , an d rem a in d er reserved fo r be tte rm e n ts and acoiilYltlnns
A. sin k in g fu n d o f A % o f b o n d s o u t Is o p e r a tiv e fro m 1916 to 192 6-Thereafter
1 % ; said fu n d to be Invested In the b o n d s at n o t higher than 110 an d in te r
e s t.
i n 1908 th e Blue G rass T r a c tio n m ade a 2d m tge fo r $200 noo
b o n d s d u e in 1938 o f w h ich $83 ,000 h a ve been Issued! an d the L e x in g to n
R y . a 2d m tg e . o f $60 0,00 0 5 % b o n d s, due In 1938, o f w h ich $33 000 have
been Issued. T h e w h ole o u ts ta n d in g a m o u n t o f b o th (as also s a a n n n
C en tral T r a c . 1st m tg e. b o n d s) has been d e p o s ite d as addlU onal co*?atTnU
fo r L e x in g t o n & In teru rb a n R y s . c o ll, trust m tg e . o f 1906- V 87 n 414
A sin k in g fu n d o n the $ 1 ,5 0 0 ,0 0 0 L e x in g to n R y . b o n d s o f 1899 wi’ll Votin'.
1 % o f th e b o n d s a n n u a lly at 110 an d Interest. T h e P a ss. & B elt R y b o n d s
m a tu r e $ 1 5 ,0 0 0 a n n u ally b e gin n in g A p ril 1 1906.
t y ‘ 1)011116
L A T E S T E A R N I N G S .— F o r 1! m o n th s e n d in g N v . 30 1908 gross
$ 5 6 6 ,4 1 8 ; n e t, $ 10 7,74 7. In 1907 (11 m o s .), gro ss, $51 6 ,3 5 5 ; n e t, $185 8 9 9 ’
R E P O R T . — F o r y ear e n d in g D e c. 31 1906, gross, $48 8 ,5 4 7 ; n et, $183’ o 9 8 :
fix e d c h a rg es, $ 17 6,77 8; su rplu s, $ 6,320,
*
,u
R O A D — O perates L e x in g to n c it y lines, 16 m iles; F ra n k fo rt c it y lin es
8 m iles; W in ch ester c it y lines H A m iles; lin e fro m L e x in g to n t o G e o rg e
t o w n , 12 m iles; line fro m L e x in g to n to P a ris, 18 m iles; an d a line fro m L e x ln g to n to V ersailles, 13 m iles. A n e x te n sio n o f 16 m iles fro m V ersailles
t o F r a n k fo r t Is co m p le te d an d in o p e r a tio n . T o ta l tr a c k , a b o u t 86 u m iles
p o t h e r t e n s i o n from L e x in g to n to N lch o la s v llle Is p ro p o s e d .
R a lls 56
t o 80 lb s. O w n s 25 closed an d 33 o p e n ca rs , 9 Interurban passenger and
2
amA ha3 42 d o u b le -m o to r an d 11 q u a d ru p le m o to r e q u ip m e n ts
V U 8 7 ? P O2-26^ 4H .br4°80;: V . V f ? V ’506.B ’ CraW f0rd-
® ■' ^• 'D elanyllrphlia*^
V - 8 5 ’ P- 346 . 1462,:
LIMA OHIO.
STOCK A N D BO N DS—
D a te. Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 1 ,5 0 0 ,0 0 0 -------------------------5 J -D
$1,500 000 D e c 3 1 ’ 08 214
P r e f, 0 % c u m . $ 7 5 0 ,0 0 0 ...............
6 J -D
7 50 ,000 D ? c 31*08 3 %
1SL i Y 1? * tig nnnl
* 2 >0 0 0 -0° 0 - J T
5 g A -O
2 ,0 0 0 ,0 0 0
A p ril 1 1933
g o ld ($ 1 ,0 0 0 )-------------------c ( In te re st a t C o m . G erm an ia T ru s t & SavIngB
,
„
. . .
I B a n k , N ew O rleans, T r u s ., o r flsc. a g t s .,N .Y .
R e fu n d in g a n d e x te n sio n m tg
1908
6 g A -O
3 6 5 000 A n rll 1 1938
$5 0 0 0 ,0 0 0 ($500 an d $ 1 , 4 In t. a t B a n k o f C om m erce & T ru st C o . . M em 000) g o ld
................. — c*J
p h is, T r u s ., or C o m p a n y ’s o ffic e In N Y
B o n d s .— -First m o rtg a g e b o n d s are s u b je c t to call on 60 d a y s ’ n o tice o n
a n y Interest p e r io d a t 107 A . S in k , fu n d o f H o f 1 % o f o u ts ta n d in g b o n d s
1908 t o 1917; 1 % th e re a fte r. T h e r e fu n d in g an d e x te n sio n Im nds c a n S o t
be called ; $ 2 ,0 0 0 ,0 0 0 are reserved t o retire first 5s. $ 135?0QO ftddU lonal
m a y be Issued at o n c e , a n d rem ain der tor 8 0 % o f c o s t o f a d d itio n a l m o n e r t v
If n e t earnings fo r 12 m o n th s p re vio u s h ave been tw ice th e a n n u a A n W reflt
charges on o u ts ta n d in g b o n d s. Inclu din g those to be Issued. A sin k in g fund
o f A o f 1 % on o u ts ta n d in g b o n d s co m m e n cin g A u g . 1 1913 Is t o be In vested
In these b o n d s a t n o t h igh er than a 4 H % basis, b o n d s t o b e kcD t a liv e In
fu n d . T h e first $50 0,00 0 are to be Issued as 6s; rate on su b s e q u e n t bYntte
t o b e at d is cre tio n o f b o a rd o f d ire cto rs at n o t e x c e e d in g 6 %
See fu ll p a r
ticu la rs reg a rd in g b o n d s, p r o p e r ty , & c., In V . 8 7 , p7 4 1 4 /
P
D iv id e n d s . O n p r e f., 6 % p e r an n u m p a id up t o and in clu d in g D e c 1908
O n c o m m o n , 1906, 2 % ; ln 190 7, 4 % ; in 1908, Ju n e 3 0 , 2 % - D e c 31 2 k %
E A R N I N G S .— F o r c a le n d a r yea rs;
’ ‘: y i 7 o ‘
Y ea r—
G ross.
N et.
I n t e r e s t . ----------------- D iv id e n d s ____________
1908 -----$67 0 ,8 9 7 $33 1,66 3 *$121,677 p re f. $45 ,000 ; c o m . $ 6 7 ,5 0 0 SO'F486
1907 . . .
1906
642,011
. . . 535,498
311,841
236,591
101.367 pref.
97,724 p r e f.
45,000 com .
4 5 ,0 0 0 ; c o m )
60 000 105 474
60,000
33)867
* I n c lu d e s $10 ,000 sin k in g fu n d ch a rg e In 1908.
R O A D .— O perates 32 m iles o f t r a c k ,in c lu d in g 10 m iles o f d o u b le trnrk
t o t a f ’ 8 7 * l b ' an d ° VCr’
41 ° P c n ’ 3U c l° s ° d »A d 7 s e m P c o n v e r tlb le care';
O F F I C E R S .— P res., W . E. H e m in g w a y ; S e c ., G eo. B. R o s e - T re a s and
G en . M gr. D . A . H e g a r ty ; A u d ., W . J . T h a r p .- V . 83. p . 38; V . 86, p) 9 1 8
V. o 7 , p . 4 1 4 , l o o 4 .
*
LONG BRANCH, N. J.
M O N M O U TH C O U N T Y E L E C T R IC C O .—
O R G A N I Z A T I O N .— In c o r p o r a te d A p r. 1 1901 as a re o rg a n iz a tion o f
th e A tla n tic H igh lan ds R e d B ank & L o n g B ra n ch E le c tr ic R y .
In A p r il
1903 w as g ra n te d a 4 5 -y e a r franchise t o o p e ra te ln L o n g B ra n ch , ln c o n
sid e ra tio n o f w h ich the to w n Is t o re ce ive U o f 1 % o f gross receipts
STOCK A N D B O N D S D a te.
Interest. O utstanding. VM a tu r ity .
S t o c k , $ 5 0 0,00 0 ( $ 5 0 ) . .....................................................
$32 5 ,0 0 0
1st m o r t., $50 0,00 0 ($1001 1001
4 g J -J
50O .000 A p r. l ’ i a c i
a n d 5 1 .000) gold
c * / In t. at H a m . T ru s t C o ., B r o o k ly n , T ru stee.
O th er d e b ts D e c. 31 1907 ....................
49 377
R O A D .— R e d B ank t o L o n g B ra n ch , 6 <4 m iles and 2d' tr a c k ) Y ^ m i i e s ;
R f d B a n k t o E ast O c e a n ic , 5 m iles; In L o n g B r a n ch , 3 m ile s ; ln R e d
B a n k , 1 D m iles; t o ta l. 18 A m iles.
E A R N I N G S .— F o r ca le n d a r y e a r 1908, p assen ger e arn in gs, $ 8 5 ,9 8 0 ; n et
rec^
sT’^
’o4 4 5 W0thera " . f 0 m c ’ i 2 ’ 2 8 8 : flx c d ch arges, $ 2 5 ,1 3 7 ; d e f., $ 40 4.
O F F I C E R S .— P r e s ., W illia m F . H o g a n , B r o o k ly n .— V . 72, p . * 6 , 391 .
9 rl v-it e r l gh t o Pw a ° ** Y *— A tr o lle y s y s te m o f sta n d a rd ga u g e , en tire ly on
. (A.RGw N I Z A T I O N .— In c o r p o r a te d In O h io on O c t . 11 1900. T h is is o n e
LONG ISLAND CITY, N. 7 .
o f the M an delbau m roads an d fo rm s a link In the th rou gh car se rv ice fro m
LO N G IS L A N D C O N S O L ID A T E D E L E C T R I C A L C O M P A N IE S .—
T o e d o to D a y to n .
O w ns en tire co m m o n s to c k o f the Lim a F ln d la v &
l o le d o R y .
In A u g . 1906 Issued $40 0 ,0 0 0 new p re fe rre d s to c k In exch a n g e
O R G A N I Z A T I O N .— E n tire s to c k is o w n e d b y th e L m g Isla n d R R .
Ia f o r th e $40 0,00 0 preferred s to c k o f th a t c o m p a n y .
V . 83, p. 9 7 1 5 7 i s ;
c o r p o r a te d In N ew Y ork a n d h o ld s m a jo r ity o f s to c k o f the H u n tin g to n R R .
H as c o n tr a c t to furnish p o w e r u n til 1913 to L im a & T o le d o T r a c t io n ’ F o rt a n d en tire s to c k o f the O cean E le c tr ic R y ., th e N o rth p o rt T r a c tio n C o ., t k «
W a y n e V a n W ert & Lim a T r a c tio n a n d In d ia n a C o lu m bu s & E astern ’ t v -i p
N assau C o u n ty R y ., th e G len C ov e R R . an d th e J a m a ica & S o u th S h or«
S T O C K A N D B O N D S .—
D a te .
Interest. O utstanding.
M a tu r ity ' R R 'i A. ^ ° °?t)n3
If th e s to c k (th e In te r b o r o u g h R a p id T ra n sit C o.
C om m o n $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 )............... ..
................
$ 3 ,0 0 0 ,0 0 0
o w n in g th e o th e r half) an d b o n d s o f th e N . Y . & L o n g Isla n d T r a c tio n an d
th e L o n g Isla n d E lectric R y .
P ref 6 % c u m , $ 4 0 0 ,0 0 0 .................................................
400 ,000 N o d lv "v e "t
1st m ortg a g e $3,0 0 0 ,0 0 0 g o l d f 1901
5 g M -N
2 .5 0 3 .0 0 0 N o v 1 1 0 2 1
H as secu red all franchises, rights o f w a y , <fcc., fo r a c r o n -I ila n d line front
($ 1 .*# 0 ) $ 2 « ,5 0 0 per M _ _ * c ( In t. at C lt. S a v in gs & T ru st C o . C leveland
H u n tin gto n to B a bylon v ia F a rm ln gdale and A m lty v llle , o f w h ich 7 m iles
_ _
l T ru stee o r F irst N ation a l B ank N Y
’ o f track has been c o n s tru cte d . C ost o f line t o b e m e t b y tale « f c o m p a n y 's
b
o
n
d s w hen la tter can be sold to a d v a n ta g e .
L F A T 1st m tg e $ 6 0 0 ,0 0 0 f 1905
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1 9 2 5
g old ($ 1 ,• « • )_ ..................... c { I n t. at C itizen s S av in gs & T ru st C o C leveSTOCK A N D BO N D S—
D ate.
Interest. O utstanding.
1M aturity.
l la n d . T r u s te e , o r In N ew Y o r k
’’
S t o c k , $25 ,000 ----------------------- A ll o w n e d b y L o n g Isla n d R R .
B o n i s .— T h e W est O h io b o n d s h a ve n o sin k in g fu n d an d b o n d s are n o t O oll. tr. b o n d s , $10,000.0001 1905
1A g
N one.
1 «4$
s u b je c t t « c a ll.
See V . 7 6 , p . 160, fo r a g reem en t a m o n g b o n d h o ld e rs T h e
g o ld , g u a r .........................— JU . S. M tge. & T r u tt C o ., N . Y . . F rutte*.
L im a F in d la y & T o l. o o n d s h a v e a sin k in g fu n d o f $10 ,000 per ann
hnrtn
B
o
n
d
s.—
A
re
g
u
a
r
.,
p
rin
cip
a
l
and
Interest,
b
y
L
o
n
g
Isla
n
d
R
R
.
n ln g ln 1911. A re s u b je c t t o call at 105.
V . 80, p .2 3 4 4 .
’’
s
O F F I C E R S .— P re s., R a lp h P eters; V . - P . , C L . A d d ls o a ; S e c. and T r e a s .,
E A R N I N G S .— F or y e a r e n d in g D e c. 31 1908, gross. $ 4 4 1 7 9 1 - n et
$ 1 9 6 ,6 2 6 ; c h a rg es, $18 3 ,2 8 7 ; su rplu s, $ 1 2 ,3 3 3 .
In 1907, gross’ $ 4 4 4 8 4 8 - F ran k E . H a lf, N ew Y o r k .— V . 8 3 . p . 800.
» e t , $ 2 0 8 .8 0 7 ;
ch arges, $ 1 6 0 ,9 2 8 :
su rplu s, $ 4 2 ,8 7 9 . T h e ’ a p p a re n t
(1) L o n g Isla n d E lectric R y . —A tr o lle y r o a d .
s h r in k a g e In su rp lu s In 1908 Is a s c r ib e d to a ch a n g e In a c c o u n tin g n o llr v
In J a n . 1906 c o n tr o l passed to th e In te r b o r o u g h R a p id T ra n sit C * .
R O A D . - L i m a via W a p a k o n e ta t o P iq u a ; W a p a k o n e ta via St M a r y s t o an d the L o n g Isla n d C o n so lid a te d E lectrical C o m p a n ie s , e a ch o w n in g o u t C clln a ; S t. W ary s t o M in ster; m a k in g a lto g e th e r 78 A m iles o f malrYllne”
h a lf th e s to c k an d b o n d s.
also sid in gs, 10 m iles. A ls o L im a to F in d la y , 3 1 .9 m iles, thus c o m n le t ln r
O R G A N I Z A T I O N .— C h artered M arch 13 1897 as N ew Y o r k A N o rth
a th rou g h line to T o le d o . T o t a l o f all m ileage a b o u t 120 m iles
S tand ard
gauge.
O p era tes 19 p assenger an d 6 o th e r cars.
s ta n d a r d S h o re R y . O n O ct. 11 1899 w as c o n s o lid a te d w ith the fo rm er L o n g Isla n d
E le c tr ic R y ., new c o m p a n y h a v in g $2 100.000 c a p ita l s to c k and $ 2 ,1 0 0 ,0 0 *
O F F I C E R S .— P r e s ., L . J . W o lf; 1st V .- P . , M . J . M an delbau m - 2 d V P
b o n d s.
O n M ay 7 1902 th e lines n o it h o f .Jam aica w ere sold u n d er fo re
a n d G e » . M g r ., F . D . C a rp e n te r; S e c . & T r e a s ., H . C. Lang- A sst Treas
clo su re t o the Q ueens R y . C o ., w h ich c o m p a n y was th en m erged Into th e
A . E . F e lh l.— V . 8 2 . p . 162; V . 8 3 , p . 97. 1 5 ?; 381 ; V 85, p 152<L
N ew Y o r k & Q ueens C o u n ty R y .
B y this forcsclo-m re $ 1 ,5 0 0 ,0 0 0 ea ch o f
s to c k an d b o n d s w ere c a n c e le d , le a v in g ea ch at $60 0 ,0 0 0 . O n A u g . 2 * lu e s
o ld n am e o f “ L o n g Isla n d E le c tr ic J l y ." w as resu m ed.
LINCOLN, NEB.
Right to C a rry E x p ress M a tter. — In O c t o b e r 1899 th e A p p e lla te Dlvlslom
LINCOLN T R A C T IO N — A trolley road.
o f th e S u p rem e C ou rt u p h eld the rig h t o f th o L o n g Isla n d E leettlc under th e
* I n S e b ‘ Y 9 0 ,J *5 waa a n n o u n c e d , th e new L in c o ln T r a c tio n C o . had be e n
V . 69, p. 7 4 4
fo r m e d u n d er th e laws o f N ebrask a, w ith $ 3 ,5 0 0 ,0 0 0 c a p ita l s to c k , to m erge G eneral R a ilro a d law t o run cars ca rry in g express m a tte r.
D ecision w as affirm ed hy C ou rt o f A p p e a ls In Ju n e 1900.
V . 7 0 , 1249
t h e old L in c o ln T r a c t io n C o . a n d th e C itizen s’ R y . C o . See V . 88, p . 506
STOCK AN D BON DS—
D ate. Interest. O utstanding.
M a tu rity
O R G A N I Z A T I O N .— Su ccessor in J a n u a ry 1898 t o L in coln S treet R v
S t o c k , $60 0,00 0 ( $ 1 0 0 ) ........................................................ $ 6 0 0 , 0 0 0
fo re c lo s e d D ec. 17 1897 and reorganized per plan In V . 65 p 2 7 7
ty "
L . I. E l. 1st M ., $000,0001 1895
5 g J -D
6 00 ,000 Jun e 1 l u l l
R E D U C T I O N O F F A R E S .— O n S e p t. 29 1907 a n n o u n J c d ’ that,’ agre e a b ly
( $ 1 ,0 0 0 ) ____________ ___ c * ] l n t . a t H a m ilto n T r . C o ., B r o o k ly n ,T r u s t e e .
w ith o rd er o f S ta te R R . C o m m ls s lo n .lt w uld sell six tick ets fo r 25 ce n b i
A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1908, gross, $ 20 5,01 0; * c t
to a d u lts a n d 10 fo r 25 c e n ts to s c h o o l c h ild re n . V . 8 5 , p . 864 .
n ts $ 6 E
0 ,9 3 8 ; ch arges, $ 42 ,000 ; su rplu s, $ 18 ,938 .
S T O C K A N D B O N D S .—
D a te.
Interest. O utstanding.
M a tu r ity
R O A D .— C om prises 26.74 m iles o f road fro m C rescen t A v e n u e , B rooklrm
C o m m o n s to c k ( $ 1 0 0 ) ...........................
A -O
$330,000 O ct 15’ 08 4 %
(a t th e term inus o f the K ings C o u n tv E le v a te d ) t o J a m a ica . H ollis an d
P referred (cu m u la t iv e )...........................
5
J-J
7 0 0 ,0 0 0 J a n l5 ’ 09 2 t4
Q ueens, an d from J am aica to F a r R o c k a w a y .
37 passenger cars and e
1st m tge gold ($ 1,000) $250,-1 1899
5 g J -J
194 000 Jan 1 1 9 2 0
o t h e r s .— V . 77, p . 89, 511 , 512; V . 8 3 , p . 818; V . 88, p . 1 * 1 .
u *
000 a u th o r iz e d -----------------c * /
In terest at N ew Y o r k T ru s t C o . Trustee920
(2) N ew Y ork A L o n g Isla n d T r a c t io n .— A tro lle y n ad.
D J » fd « n d i.— O n p ref. c o m m e n ce d J u ly 15 1901. 2 K % ; In 1902. 5 % an d
O
n
Ju
n
e
20
1005
c
o
n
tr
o
l
was
p
u
rch
ased
Jointly
b
y
th
e
In
te
rb
o
roitp
h
In 1903, 5 % a n d 1 0 % a c c u m u la te d d iv id e n d s ; In 1904 5%,- In
R a p id T ra n sit C o . and th e L o n g Isla n d C on sol. E le c. C os.
V . 80 p 2022
190 5. 5 % ; In 1906, 5 % ; In 1907, 5 % ; In 1908. 5 % ; In 1009, J a n .' 2 U %
T h e In t e r b o r o u g h also c o n tr o ls th e N e w Y o r k & Q ueens C o u n ty ’ U r
In
T n ’l 9 0 8 °°83% 5 % ■' ,n 19° 4 ’ 5 % : ln 19° 5 ’ 5 % : ,n 180 8. 8 % ;' O ct. 1906 th e R R . C o m m ission ers a u th o r iz e d $60 0,00 0 n ew s to ck t o ha
Issued fo r th e s to c k o f th e L o n g Isla n d E lec. R y . (see V . 83 p s i ’s ) b u t
E A R N I N G S .— C a len d ar y e a r . In clu d in g lig h t a n d p ow erIt Is n o t d e e m e d p ro b a b le th a t e x ch a n g e w ill b e m ade.
_
.
1008.
1907.
1906
O R G A N IZ A T I O N .— This was fo rm e rly the M ln eoia H em p stea d & F ree
G ross e a r a ln g s .............................................................$ 4 2 3,51 5
$40 8,21 6 $376 461
p o r t T ra ctio n (In co rp o ra te d on F eb . 27 1 8 9 9 ), b u t nam e eham red as a b o v e
I n te r e s t, d l v ., o p e r. e x p . an d re co n s tru ctio n 344 ,8 4 7
3 75 ,324
314|245
o n S e p t. 22 1902. and s to c k Increased fro m $12 5,00 0 to $ 1 ,0 0 0 ,0 0 0 .
S u r p i u s . . . ............................................................ - $78 ,668
$32,892 ~ $62 216
STOCK AN D BO N DS—
D a te .
Interest. Outstanding
L ast D ie
R O A D .— O w n s a b o u t 42 m iles o f tr a c k .
’
C o m m o n , $75 0,06 0 ($50) .................................................
$750,000 _
O F F I C E R S .— C h airm an o f B o a rd , M . L . S c u d d e r; P r e s ., J . w M eD nn- P r e f., 5 % c u m ., $250,000 ($50) - - - -- 250 000 N o .d i y . y e t
a ld , L in c o ln ; V . - P . , W m . B e lch e r, N ew L o n d o n , C o n n .; S e c. anil Treas
I 1002 4 A ft M -N
1,000.000 N o v 1 1942
F . H . C arter, 52 W a ll S t ., N ew Y o r k ; A s s t. S e c ., E . B . R a n s o m L in coln - 1st m t g e ., $ 1 ,0 0 0 ,0 0 0 , go Id (
I n t. at C itizens S a v . A Tr C o
C ieveG en . M g r., J . H . H u m p e , L in c o ln .— V . 8 4 , p . 804 ; V . 85, p . 864 .
’
($ 1 ,0 0 0 ) c . & r ...................... H and, tru stee, o r at 1st N at B a n k ’ N Y
B o n d s .— A re s u b je c t t o call at 107 at 30 d a y s ’ n o tice , b u t no sink f u n d ’
O M AH A LINCOLN & BEATR IC E H X .
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1008. gross $280 756 - net
Is c o n s tr u c tin g 56 m iles b etw een L in coln an d O m a h a , o f w hich 5 6 m iles $76 ,8 7 4 ; fixed charges, $ 7 1 ,0 0 5 ; su rp lu s, $ 4 ,8 7 9 .
’
’
’
’
fr o m L in c o ln t o B e th a n y H e igh ts Is c o m p le te d ; re m a in d e r e x p e c te d to he
R O A D .— O perates an e le ctr ic line c o n n e c tin g M ln eoia Ilc m n s te a d and
c o m p le t e d d u rin g 1909. S ta n d a rd g a u g e . 7 0 -lb . T rail. F ran ch ises 00 F r e e p o r t, 7.84 m iles. A ls o o p e ra te s line fro m H cm n’stead w est rf 58
$30 0S000J PNoPeb o n d s S t° Ck a u th o r I z c d ’ 5 2 ,2 5 0 ,0 0 0 ($ 1 0 0 ); o u tsta n d in g . m iles to Q ueens, w here c o n n e c tio n Is m ad e w ith the tracks o f th e T rinr
Island E le ctric R y . C o. A lso a line 16.42 m iles lon g from F reen ort w rs te r lv
O F F I C E R S .— P res., H a r v e y M usser; V . - P . , H . H . W ils o n ; S ec. Treas
via R o c k v ille C en tre, L y n b r o o k an d V a lle y S tre a m , to a co n n e c tio n w ith th «
a n d Gem. M g r .. E . C. H u rd .
’ ilL a s K ings C o u n ty E le va te d R y . a t B r o o k ly n . A lso a llnc from O ^ e n s ta
M ln eoia v ia Jerich o T u rn p ik e . 6 .7 5 m iles. T o ta l 36 59 ^ l e s
T o ta l
Incl. s e co n d tra ck , 4 0 .6 5 m iles. A line to L o n g B each and also o n e to
LITTLE ROOK, ARK.
B a b y lo n m a y be b u ilt.
20 passen ger and 1 0 o th e r cars
LIT TL E ROCK R A I L W A Y & ELECTRIC CO —
O F F I C E R S .— P re s .. C . L . A d d is o n , L o n g Isla n d C i t y T -P
n
O
W o o d : S e c . an d T r e a s ., F ra n k E . H a d , 128 B ’ w a y N Y • C en
M rr
O f A?.A K I Z A T ^ N r r I n c °H ,0riU ctl ln A rkansas on M arch 17 1903 an d Is a
c o n s o lid a tio n o f th e L ittle R o c k T r a c tio n & E le c tr ic C o . (gran ted a new 868 ;OV W88°dp 7 lV018° ’ P ’ 147° ’ 2 3 4 5 ‘ 2 4 5 8 ’ 2 6 2 2 : V ? 8 3 . p 818; V . 8 4 ^ )
fra n c h is e on S ept 28 1901 fo r 30 y e a rs; V . 7 3 , p . 784) and th e L ittle R o c k
E d is o n E le c tr ic L ig h t & P o w e r C o . (fran ch ise u n lim ite d ).
O perates all
8#r1 ? t1.r ^llw ^ y3 !n c lt y and a11 c o m m e rcia l e le ctr ic lig h tin g ; also large p o rtio n
N E W Y O R K & Q U E EN S C O U N T Y R Y .—
•IShtlng in A rg e n ta , A r k . C on trolled b y A m erica n Cities R a ilw a y &
E n tire c a p ita l s to c k Is o w n e d b y th e In te r b o r o u g h R a p id T ra n sit G o .,
U g h t C o.
Isid ore N ew m an & S on o f N ow O rleans and N ew Y o r k a r !
Jtficai agen ts.
^ w h ich also o w n s o n e -h a lf o f th e s to c k o f tho L o n g Isla n d U lcctrlc R y . an d
th e N ew Y o r k & L o n g Isla n d T r a c t io n .
61
ELECTRIC RAILWAYS
F e b ., 1909. J
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P A C IF IC E L E C T R I C R A I L W A Y
XV©1
m
[VOL. LXXXVlir.
ELECTRIC RAILWAYS
O R G A N I Z A T I O N .— -In co rp o ra te d Jun e 29 1896 a n d reorga n ized o n Jun e
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu rity
30 1899. P u rc h a se d th e v a rio u s lines o f ra ilro a d In L o n g Island C ity k n o w n S t o c k . $ 5 ,0 0 0 ,0 0 0 (p a r. $ 1 0 0 ).....................................
$ 5 ,0 0 0 ,0 0 0
as th e N e w to w n R y . C o ., th e R lk e r A v e . & S a n fo rd s P o in t R R „ th e S tein N e w m o r tg a g e , $5,0 0 0 ,0 0 0 ,1 1898
5 g A -O
5 ,0 0 0 .0 0 0 O’ e Y ' l ’ i0 3 8
w a y R a ilw a y th e L o n g Isla n d C ity & N e w to w n R y . an d th e Flushing &
g o ld ($ 1 ,0 0 0 e a c h ) .............c * \ I n t . at c o ’ s o ffic e , S an F r a n cis c o , Cal.
C ollege P o in t R y .
In M a y 1902 th e Q ueens R y . w as c o n s o lid a te d w ith It,
T h e tru ste e o f th e new m o rtg a g e o f 1898 Is th o U n io n T ru st C o. o f San
a n d th e r e u p o n Increased Its s to c k fro m J2 .5 0 0 .0 0 0 t o $ 5 ,000,000
T h e F r a n cis c o , C al. O n 30 d a y s ’ n o tice Interest m a y b e m a d e p a y a b le a t th e
Q u een s R y . su c c e e d e d to th e p r o p e r ty so ld at foreclosu re o f th e N ew Y o r k N a tio n a l C ity B a n k , N ew Y o r k .
d sN orth S h ore R y ..c o m p r i s in g a line o f 6 m iles fro m F lu sh in g to Ja m a ica ,
E A R N I N G S .— F'or calen d ar year 1907, gross. $ 3 ,5 5 8 ,9 3 8 .
In 1906
w ith fra n ch ises f o r lines betw e e n F lu s ln g a n d C ollege P o in t , Flushing an d gross, $ 3 ,2 7 6 ,1 3 0 ; n e t, $9 4 4 ,2 7 9 .
In 1905, gross, $2,6 8 3 ,4 0 4 ; n e t $811 14u’
B a y s ld e an d M a n h a sset. V . 7 4 , p . 1197. In S e p t. 1906 th e R a ilr o a d
R O A D .— C om prises 212.93 m iles o f t r a c k .
’
'
C om m ission ers g r a n te d p erm ission to m ake a new m o rtg a g e fo r $10,000 000
O F F I C E R S .— P re s ., H . E . H u n tin g to n ; V . - P . , W . F . H e rrin ; T reas
t o p r o v id e f o r refu n d in g , & c. V . 82, p . 1439; V . 83, p . 752.
I . W . H e ilm a n ; S e c ., C . A . H e n d e rso n , L o s A n g e le s ; G en. M gr. H ow ard’
P rop osed L ea se o f T u n n el.— T h is c o m p a n y has p r o p o s e d to lease fro m
E . H u n tin g to n , L o s A n g e le s .— V . 78. p . 229; V . 8 0 , p . 651; V . 8 6 , p . 52
c i t y tu n n el u n d er H arlem R iv e r If c it y a cce p ts o ffer o f N . Y . & L o n g Isla n d 1224.
R R . t o sell sa m e. T h e N . Y . & Q ueens C o . R y . p ro p o se s to ch arge a single
(1) P a c ific L igh t & P o w e r C o .— A n e le ctr ic c o m p a n y .
5 -c e n t fare fro m M an h a ttan side t o all p o in ts o n sy s te m . See V . 86, p . 548.
O w ns all th e s to c k o f th e O n ta rio & S an A n to n io H e g h ts R y ., th e San
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
B ern a rd in o G as & E le c tr ic C o ., th e M e n to n e P o w e r C o . an d th e R iv e r s id e
S t o c k , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 )................... .....................
$ 3 ,235,000
a lu rn >'- P o w e r C o .
H as c o n tr a c t t o p u rch a se s to c k in th e Sierra P o w e r C o ., w h ich
F lu s h in g & C ollege P o in t first \ 1895 5 g J -D
50,000
1925 has $1 4 ,0 0 0 b o n d s o u t ; th e M e n to n e P o w e r C o ., has $3 7 ,0 0 0 b o n d s o u t.
m o r tg a g e , $ 5 0 ,0 0 0 , g o ld — /N e w Y o r k T ru st C o ., T ru ste e .
O
R
G
A
N
I
Z
A T I O N .— In c o r p o r a te d In C a liforn ia o n M arch 6 1902 an d
N e w to w n R y first m o r t g a g e ,!
1894 5 g J -D
150,000 D e c 1 1924
a b s o r b e d the. S an G abriel E le c tr ic C o .
$ 5 ,0 5 0 ,0 0 0 o f th e $ 1 0 ,0 0 0 ,0 0 0
$15 0 ,0 0 0 g o l d ---------------------/N e w Y o r k T ru st C o ., T ru ste e .
( V . 7 5 , p . 1150) c a p ita l s to c k Is o w n e d b y the L o s A n geles R y . C o. S u p
S te in w a y R y first m o r tg a g e !
1892 6 g J-J
1,500.000 J u ly 1 1922
plies
p
o
w
e
r
t
o
the
L
o
s
A
n
geles
R
y
.
C
o
.,
the
P a cific E le ctric R y . C o ., the
$ 1 ,5 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g o ld .c * / I n t . a t M o rto n T ru st C o ., N .Y . C ity , T ru ste e .
L o s A n ge le s In te ru rb a n , the L o s A n geles & R e d o n d o R y . C o ., an d d oes a
N ew Y o r k & Q ueens C o u n t y l
1896 4 g A -O
1,30 0 ,0 0 0 O ct
1 1946 general lig h tin g an d p o w e r business In L o s A n geles and v ic in ity .
first co n s o l m tg , $3,< 0 0 ,0 0 0 /M ercan tile T ru st C o ., N ew Y o r k , T ru stee
STOCK AN D BO N D S—
D ate.
Interest. O utstanding.
M a tu r ity .
g o ld , $ 1 ,0 0 0 e a c h ..................J In terest at o ffic e o f c o m p a n y ,’ N ew Y o r k .
...........__
$ 1 0 ,000 ,00 0
F irst & refu n d in g m tg e , $10 ,-1 1906
4 g M -N
See te x t N o v 1 1936 S t o c k , $ 1 0 ,0 0 0 ,0 0 0 ($ 1 0 0 ). — . . . .
F irst m o rtg a g e $ 1 0 ,0 0 0 ,0 0 0 ! 1902
5 g J -J
* 8 ,1 2 3 ,0 0 0 J u ly 1 1942
0 0 0 ,0 0 0 , g o ld ($ 1 ,0 0 0 )- -c * / W in d s o r T ru st C o ., N ew Y o r k T ru stee
g o ld ($ 1 ,0 0 0 )-------------------c* /I n t . at U nion T ru st C o ., San F r a n ., T ru stee,
C u rren t lia b ilitie s , m atu red an d u n m a t., J u ly 1 1 9 0 8 .2 .2 1 6 . 1 7 7
’
J
o r N . VV. H a lse y & C o ., N ew Y o r k .
O f t h e n ew $ 1 0 ,0 0 0 ,0 0 0 m t g e ., $2 ,0 4 2 ,3 2 7 are d e p o s ite d as co lla te ra l "for
lo a n s fr o m In te r b o r o u g h R a p . T ra n sit an d $ 3 ,0 6 5 ,0 0 0 are reserved fo r
* $ 2 ,3 5 0 ,0 0 0 o f o u ts ta n d in g b o n d s arc gu a ra n te e d , p rln . an d In t., b y
p r i o r lie n s .
N o s in k in g fu n d an d b o n d s are n o t s u b je c t to call. U n d e r th e
V . 86, p . 55.
N . Y . & Q u een s C o . 1st co n s . M . there w ere o rig in a lly $2 ,5 0 0 ,0 0 0 b o n d s o u t L o s A n g e le s R y .
s ta n d in g , b u t th e c o m p a n y , h a v in g d e fa u lte d In p a y m e n t o f In t., re o rga n iza
B o n d s .— $ 36 6,00 0 are reserved to retire a lik e a m o u n t o f b o n d s o f th e
t io n w as m a d e , u n d er w h ich the h olders surren dered $1,200,000 - Interest San G abriel E le c tr ic C o. a n d $ 3 0 7,00 0 h a ve been retired b y sin k in g fu n d
w as red u c e d to 4 % a n d th e M erca n tile T ru st C o ., N . Y . , w as m ade the new O n ly $ 2 ,3 5 0 ,0 0 0 o f th e b o n d s are g u aran teed (p . & 1.) b y L o s A n ge le s R y .
tr u s te e . T h e sa id b o n d s are re d eem able at 105 a n d Interest. V . 69, p . 906 V . 8 6 , p . 1227.
B o n d s c a n n o t be c a lle d . A sin kin g fu n d c o m m e n ce d on
R O A D .— T h e s y s te m , w ith th e Q ueens R a ilw a y , em b ra ce s 74.47 m iles o f Jan . 1 1905 o f 2 % o f b o n d s o u ts ta n d in g fo r first 5 years an d o n a n d a fter
tr o lle y tr a c k , In clu din g m ain l in e ,4 0 .2 4 m iles; se c o n d tra ck , 28.96- sidings
J a n . 1910 2 > $ % until a n d In clu din g J a n . 1 1942 said fu n d to be Invested
6 .2 7 .
R a lls 77 t o 107 lb s ., sta n d a rd g au g e; 275 c lo s e d an d o p e n ’ cars- 19 in th e b o n d s a t n o t m o re th a n 110; o th e rw is e In o th e r secu rities.
w o rk ca rs; 7 s n o w p lo w s an d 6 fre igh t cars.
E A R N I N G S .— F o r ca le n d a r y e a r 1907, gross, $ 1 ,2 8 1 ,0 5 5 ; n e t, $7 4 0 ,2 3 9 ;
R E P O R T .— F o r fiscal years en d in g Jun e 30:
In terest, $ 33 6,09 7; surplus, $4 1 3 ,1 4 2 .
In 1906, g ro ss, $ 1 ,3 3 2 ,5 3 4 ; n e t,
. 9 l 9 sZ- »
N etO ther I n c . I n t. & T a x es.
S u rp lu s. $ 6 9 9 ,0 9 3 ; Interest, $ 3 3 9 ,4 3 1 ; su rplu s, $35 9,66 2.
1907-08 ------- $93 5 ,0 0 0
$ 12 5,18 5
$ 9 ,856
$25 4,13 8 d e f .$ llT ,0 9 7
P L A N T .— G enerates e le ctr ic ity fo r figh t a n d p o w e r. P resen t gen eratin g
151 ,560
2 0 ,7 4 5
204 ,573
d e l. 3 2 ,268
190 6-0 7 -------- 8 9 2 ,4 6 7
W a te r p o w e r , also steam p la n t, In L os A n g e 'e s .
190 5-0 6 -------- 83 9 ,7 3 2
2 75 ,386
12,461
2 03 .987
8 3 ,860 c a p a c ity , 4 3 ,0 0 0 h .-p .
H as 15,000 h .-p . pla n t o n K e rn R iv e r , 125 m iles fro m L o s A n geles. T w o
O F F I C E R S .— P r e s ., W . O . W o o d ; S e c ., H . M . F isher; T re a s., D . W - sep a ra te tran sm ission fines ru n n in g the en tire d ista n ce are u sed .
H y d r a u lic
M c W illia m s .— V . 7 7 , p . 299, 350 ; V . 8 2 , p . 1439; V . 8 3 , p . 752 ; V . 8 4 . p .
plants a t A z u sa , at San A n to n io , at M en ton e a n d a t R iv e rs id e . 2 0 ,000 h .-p .
804 ; V . 8 6 . p . 548; V . 8 8 , p . 375 .
s team p la n t a t R e d o n d o . V . 8 6 , p . 55.
O F F I C E R S .— P re s ., W illia m G . ICerchoff; V . - P . , H . E . H u n tin g to n ;
G en. M g r ., A . C. B a lc h .— V . 86, p . 55, 671, 1227.
LOS ANGELES, CAL.
PA C IF IC EL EC TR IC R Y .— A tr o lle y r o a d .— (See M a p on page 61.)
T h e S ou thern P a cific C o m p a n y ow n s $ 1 0 ,0 0 0 ,0 0 0 o f the $20 ,0 0 0 ,0 0 0
s t o c k . See V . 80. p . 6 5 1 , fo r Item co n c e r n in g p u rch a se o f m in o rity Interest.
O R G A N I Z A T I O N .— T h is c o m p a n y w a s in c o rp o ra te d un d er the law s o f
C a liforn ia In 1901, a n d Is a co n s o lid a tio n o f th e L o s A n ge le s & Pasadena
E le c tr ic R y ., P a sa d en a & M ou n t L o w e R y ., P a cific E le c tr ic o f A riz o n a th e
E a st N in th S t. R y . , the T e m p le S t. C able R y . a n d th e B r o o k ly n A v e . R y
co m p r is in g n ea rly all th e in te ru rb a n lines In a n d a ro u n d L o s A n g e le s ’
O w ns all the s to ck o f L o s A n g e le s In te ru rb a n R y . , w h ic h c o m p a n y It also
o p e r a te s u n d er lease d a te d J u ly 1 1908.
STOCK AN D BO N D S—
D ate.
Interest. O utstandin g. M a tu rity .
$20 ,000 ,00 0
S t o c k . $ 2 0 , 0 0 0 , 0 0 0 ( $ 1 0 0 ) .........................................
C o n s o l, m t g e ., $1 0 ,0 0 0 ,0 0 0 ,1 1902
5 g J-J
8 ,4 9 4 ,0 0 0 Jan . l 'l 9 4 2
g old ($ 1 ,0 0 0 ).......................c . j l n t . a t U n io n T r . C o ., San F r a n .. T ru stee
L o s . A n g . & P a s. M ., $ 1 ,0 0 0 .0 0 0 , g o ld , g u a r . f $ l ,000) c *
1898
5 g J-J
1,000,000 Jan . 1 1928
C an be ca lled a fte r J a n . 1 I n t . a t III. T r . & S a v . B k ., C h ic. T ru stee
1908 a t
105.
o r a t Chase N a t. B a n k . N ew Y o r k .
’
P a s. & M t. L . m n rt. $ 5 0 0 ,
000 , g o ld ($ 1 ,0 0 0 ) .............c*
1900
4 g J -D
500 ,000 Ju n e 1 1930
Can be called a fte r 1910 at In te re st a t U n io n T r u s t C o ., San F ra n cisco
)
T ru ste e .
104 a n d Interest.
B o n d s .— A su ffic ie n t a m o u n t o f th e $ 1 0 ,0 0 0 ,0 0 0 co n so ls Is reserved t o
re tire p rior Issues. S in k in g l< und Is $ 5 ,0 0 0 per a n n u m , co m m e n cin g Jan 1
1 9 0 7 , fo r 5 years; th en $1 0 ,0 0 0 p e r a n n u m t o Jan . 1 1917; $15 ,000 o e r a'nn u m t o J a n . 1 1922; $ 20 ,000 p er a n n u m to J a n . 1 1927; $25 ,000 per ann um
t o Jan . 1 1932, $ 3 0 ,0 0 0 p er a n n u m t o J a n . 1 1937 and $35 ,000 a n n u ally
th e r e a fte r , said sin k in g fu n d t o b e used In th e p u rch ase o f the b o n d s b u t
fu n d m ay be In vested in o th e r secu rities If b o n d s c a n n o t be o b ta in e d a t'p a r
T he b on d s o f th e L os A n g e le s & P a sa d en a be a r th e guaran ty o f the L os
A n geles R r . b y e n d o r s e m e n t. A sin kin g fu n d o f $10 ,500 per y e a r on th ose
b o n d s b eg in s D ec. 1 1908, and b o n d s m ay b e called a t 105 on a n v Interest
d a te a fter J a n . 1 190 8. T h e b o n d s o f th e P a sa d en a & M t. L o w e are g u ar
a n te e d p rin cip a l a n d lu te re st, b y b o th th o I.os A n geles R y . and th e I os
A n g e le s & P a sa d en a E le c tr ic R y . A sin k in g fu n d fo r th o se bo n d s c o m
m en ces a fte r 10 y ea rs fro m d a te o f b o n d s o f $5,000 per ann um fo r first 5
y e a r s , $ 7 ,5 0 0 per a n m im fo r se c o n d 5 y e a rs , $ 10 ,000 per ann um fo r n e x t 5
y e a r s a n d $ 12 ,500 per a n n u m fo r rem ain in g 5 ye a rs. T h ese b o n d s m a y be
ca lle d a fte r 10 y ea rs on a n y Interest d a te u p o n 4 w e e k s' n o tice a t 104 an d
In terest.
R O A D .— T h e P a cific E le c tr ic R y . In S e p t. 1908 w as o p e r a tin g (In cluding
leased lines) 5 51 .30 m iles o f tr a c k .
O F F I C E R S .— P r e s ., H . E . H u n tin g to n ; V . - P . , W . F . H errin ; S e c. and
A u d ., J o s . A . M c B r id e ; T r e a s ., I . W . H e ilm a n : G en. M g r ., J . M cM illa n .
— V . 8 0 . p . 651; V . 8 4 . p . 1248; V . 8 7 . p . 936.
(1) L os A n g eles In teru rban R y .— (See M a p on page 60.)
O R G A N I Z A T I O N .— In c o r p o r a te d In C a liforn ia o n Ju n e 8 1903 an d Is a
c o n s o lid a tio n o f th e L os A n g e le s T r a c tio n C o ., the L o s A n ge le s & G lendale
R y . an d th e C a liforn ia P a c. R y . T h e R iv e r s id e & A r lin g to n R y . , th e
S a n ta A n a & O ra n ge M o to r R y . an d th e San G abriel R a p id T r . R y . h ave
also been a c q u ir e d . S to c k Is all o w n e d b y P a cific E le c tr ic R y ., w h ich
la tte r c o m p a n y also op erates th e p r o p e r ty u n d er lease o f J u ly 1 1908.
STOCK A N D BO N D S—
D a te.
Interest. O utstandin g. M a tu rity .
S t o c k , $ 1 0 ,0 0 0 ,0 0 0 ($ 1 0 0 )........ ...................................
$10 ,0 0 0 ,0 0 0 .
u iu m y .
N ew m tg e, $ 1 0 ,0 0 0 ,0 0 0 , g o l d ) 1903
5 g A -O
9 ,0 2 0 ,0 0 0
194 3
($ 1 ,0 0 0 ), g u a r---------------c & r /I n t . at U n io n T r . C o ., San F r a n ., T ru stee
L o s A n geles T r a c , 1st m t g e ,! 1805
6 g M -N
250 ,000
M ay 1915
$ 2 5 0 ,0 0 0 , g o ld ( $ 1 , 0 0 0 ) - - - / S t . L o u is U n io n T r . C o ., S t. L o u is, T rustee
L o s A n g eles T r a c 1st c o n M ,1 1898
5 g J -D
250 ,000 D e c 1 1938
g o ld , $ 25 0,00 0 ( $ 1 , 0 0 0 ) . . . /S t . L o u is U n ion T r . C o ., S t. L o u is , T ru stee
In terest o n b o th a b o v e m o rtg a g e s paid a t Chase N a t. B a n k , N ew Y o r k
Cal P a cific R y 1st m t g e , g o l d ! 1901
5 g J -J
4 80 ,000 J u ly 1 1941
($ 1 ,0 0 0 ), g u a r ---------------- - c / T i t l e Ins. & T ru st C o ., L o s A n g e le s, T ru stee.
B on ds. — O f th e C a liforn ia P a cific R y . no sta te d a m o u n t a u th orized b u t
Is lim ited to $ 2 0 ,0 0 0 per m ile o f co m p le te d tr a c k . N o sinking fu n d on
these
b o n d s , and b on d s c a n n o t be c a lle d .
In terest Is
p a y a b le In N . Y C ity
T h e se b o n d s are g u a ra n tee d b y th e L o s A n g e le s T r a c . C o ., b o th principa l and
In t. See V . 75, p . 7 6 . A sin kin g fu n d Is p r o v id e d fo r th e new $10,000 000
m tg e . as fo llo w s : 1908 t o 1912 In clu sive, $5,000 per a n n u m ; 1913 to 1917
In clu siv e, $10 ,000 p e r a n n u m ; 1918 t o 1922, In clu sive, $15,000 per ann um 1923 t o 1927, In clu sive, $ 20 ,000 p e r a n n u m ; 1928 to 1932, in clu sive, $25 000
p er a n n u m ; 1933 to 1937, In clu sive, $3 0 ,0 0 0 p er an n u m , an d th ereafter to
m a tu r ity , $35 ,000 per a n n u m . T h e b o n d s are s u b je c t to call fo r the sinking
fu n d at a p rice to b e d e te r m in e d b y th e d ire cto rs . T h ese b o n d s are gu ar
a n te e d as to b o th prin cip a l an d Interest b y the P a cific E le ctric R y .
R O A D .— C om prises a b o u t 310 m iles o f tr a c k . V . 7 9 . p . 627, 2588,
V . 8 0 , p . 651; V . 8 7 , p . 936.
LOS A N Q E L E S R A I L W A Y .— (See M a p on page 6 0 .)
Is o n e o f th e H u n tin g to n p ro p e rtie s , M r. H u n tin g to n be in g rep o rte d to
b e th e ow n er o f 5 5 % of th e s t o c k .
See V . 80, p . 651. T h e Southern
P a cific C o. ow n s 4 5 % o f th e s t o c k .
O R G A N I Z A T I O N .— S u cce sso r b y co n s o lid a tio n S e p t. 29 1898 o f L os
A n g eles R y . a n d M ain S t. & A g ricu ltu ra l P a rk R R . a n d b y p u rch ase o f th e
M ateo S treet R R . a n d San P e d r o S tre e t R R .
V . 6 3 , p . 85. O w ns $ 5 ,0 5 0 ,OOOof th e $ 1 0 ,0 0 0 ,0 0 0 s to c k o f th e P a cific L ig h t & P o w e r C o . o f L o s A n g e le s ,
LOS ANQELES PACIFIC CO.— A n e le ctr ic r o a d . T h e H arrlm an In ter
ests arc in c o n t r o l.
V . 8 2 , p . 751.
O R G A N I Z A T I O N .— S u cce sso r In 1905 t o th e L o s A n g e le s P a cific B a ilroad, w h ic h w as o rg a n iz e d Ju n e 4 1898.
In J a n . 1904 p u rch a sed th e L o s
A n g e le s O cea n P a rk & S an ta M o n ica R R .
V . 78, p . 342.
C o m p a n y app ears to b e c o n te m p la tin g th e m ak in g o f a new m tg e . t o
furnish m ean s fo r fu rth e r Im p ro ve m e n ts a n d e x te n s io n s a n d to p ro v id e
fo r u ltim a te r e tire m e n t o f e x is tin g Issues. V . 8 5 , p. 531; V . 8 7 , p . 1358.
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
$15 ,0 0 0 ,0 0 0 .......................
S t o c k , $ 1 5 ,0 0 0 ,0 0 0 ($ 1 0 0 )............................................
L os A n g e le s P a cific R R 1 s t C 1898 5 J 1 0 -D -1 0
100,000
1028
m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 , g o ld ! I n t . at B r o a d w a y B a n k & T ru st C o ., L o s
( $ 1 ,0 0 0 ) ...... ..................... ......... | A n g e le s , T ru s te e ; 111. T r . & S a v . B k .,
I C h ica g o , o r Chase N a t. B a n k , N ew Y o r k
L o s A n g e le s P a cific R R flrs tl 1901
5 A -O
1,400,000 A p ril 1 1931
c o n m tg e , $ 1 ,5 0 0 ,0 0 0 , g o ld /B r o a d w a y B k . & T r . C o ., L o s A n g ., T ru s te e .
( $ 1 ,0 0 0 ) -------------------------------J I n t. at C rock er N a t. B k ., San F r a n cis c o .
L o s A n g e le s P a cllle R R flrstl 1903
5 g M -S
3 ,2 5 0 ,0 0 0 S ep t 1 1943
a n d ref m tg e , $ 5 ,0 0 0 ,0 0 0 ,/I n t . at L o s A n ge le s T ru st C o ., T ru stee, o r
g o ld ($ 1 ,0 0 0 ).........................c j
at U . S. M o r t. & T ru st C o ., N ew Y o r k .
L o s A n g e le s P a cific C o g e n l 1906
5 g J -J
5 ,0 0 0 ,0 0 0 Jan 2 1946
c o n s o l m o rtg a g e $ 1 2 ,5 0 0 ,-} I n t . at U n io n T ru s t C o ., San F r a n ., T ru stee,
0 0 0 , g o ld ($ 1 ,0 0 0 ).............c* I o r at F a rm e rs ' & M ech . N a t. B a n k , L os
J A n g e le s , o r Chase N a t. B a n k , N ew Y o r k .
L o s A n g e le s H e r B & R e d M ,/ 1902
5 g M -N
150,000
1942
$5 0 0 ,0 0 0 , g o ld ($ 1 ,0 0 0 )- - . ( I n t e r e s t at C ro ck e r N a t. B k ., San F ra n cis c o .
B o n d s .— O f th e $5 ,0 0 0 ,0 0 0 1st an d re f. b o n d s a u th o riz e d , e n o u gh are
reserved t o retire p rio r liens. A sin kin g fu n d b egan In 1908, to w h ich $ 5 0 ,
000 p e r an n u m Is p a y a b le th e first 5 years, $ 60 ,000 p e r an n u m the n ex t 5
years, $ 70 ,000 per an n u m th e n e x t 5 years, $ 80 ,000 y e a r ly th e fo llo w in g 5
y e a rs, $ 90 ,000 p er an n u m th e n e x t 5 years, $10 0,00 0 y e a r ly th e fo llo w in g 5
years an d $ 15 0,00 0 p er a n n u m th e re a fte r. T h e se b o n d s are n o t s u b je c t to
ca ll.
O n th e new b o n d s o f 1906 th e fo llo w in g sum s are p a y a b le a n n u ally
t o a sin kin g fu n d : 1911 t o 1915, $10 ,000 per a n n u m ; 1916 to 1920, $15,000
per a n n u m ; 1921 to 1925, $ 40 ,000 a n n u a lly ; 1926 to 1930, $75 ,000 per
an n u m ; 1931 t o 1944, $80,000 a n n u a lly , a n d 1945 to 1946, $ 90 ,000 per
an n u m .
O f th e $ 1 2 ,5 0 0 ,0 0 0 a u th o riz e d , $5 ,0 0 0 ,0 0 0 are reserved fo r p rior
liens an d $ 5 ,0 0 0 ,0 0 0 fo r o th e r pu rp o se s.
E A R N I N G S .— F o r ca le n d a r y e a r 1005, g ross, $ 1 ,1 5 4 ,5 1 9 ; n e t, $41 9,38 4.
R O A D .— O w ns fo u r lines o f tr o lle y ro a d fro m L o s A n g e le s t o th e P a cific
O ce a n , th e e n tire lo ca l sy ste m o f S an ta M o n ica , w ith bran ch lines from
L o s A n g e le s to H o lly w o o d , C o le g ro v e , W e s tg a te , R e d o n d o B e a ch , Soldiers
H o m e and In g le w o o d , c o n s titu tin g 68.9 m iles o f d o u b le tr a c k ; to ta l m ileage.
176 m iles o f single tr a c k . O p erates 2 large p o w e r houses at S h erm an an d
V in e y a rd , w ith m a ch in e sh o p s a n d ca r sh o p s a t Sh erm an .
O F F I C E R S .— P res, a n d M g r., E . P . C lark; V . - P . an d M gr., M . H . S h e r
m an ; S e c .. A . I . S m ith ; T r e a s ., M . E . H a m m o n d ; A u d it o r , G . L . B u gbee
S u p t.. R . P . S h e rm a n .— V . 82, p . 100, 1 6 1 ,751; V . 8 5 , p . 531; V . 8 7 , p . 1358
LOS A N O E L E S & R ED ON D O R Y .— A trolley road.
In J u ly 1905 H . E . H u n tin g to n p u rch a se d th e en tire ca p ita l s to c k
V . 81, p . 211.
INCORPORATION.— Incorporated In California. C apital stock w as In
creased In Oct. 1907 from $50 0,00 0 to $ 5 ,0 0 0 ,0 0 0 .
STOCK A N D B O N D S—
D ate.
Interest. O utstanding. M a tu rity
S to c k , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ................................................
$500,000
1st m o r tg a g e , $5 0 0 ,0 0 0 , g o l d ! 1902 5 g J-J 1 5
500,000 Jan 15" 1932
( $ 1 . 0 0 0 ) ................................ c * / I n t . at U n io n T ru s t C o ., San F ra n . T ru stee
ROAD.— O perates 84.3 3 m iles o f tr a c k . G auge 3 ^ fe e t. O p erated b v
e le ctr ic ity .
Cars e q u ip p e d w ith 4 m o to rs o f 50 h .-p . each
P a ssen ger
ca rs, 34; fre ig h t a n d m iscella n eou s. 108.
P eacn ' 1 W e n g e r
O F F I C E R S .— P re s., L . T . G a rn sey; V .- P ., H . E . H u n tin g to n - S e c &
T r e a s ., C. A . H e n d e rs o n ; M g r ., C .H .B u r n e t t .— V . 81, p .t211; V . 87’, p . 415
LOUISVILLE, KY.
L O U ISV IL L E TR ACTIO N CO.— A h o ld in g c o m p a n y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N ew Jersey on J u ly 5 1003. a n d has
a c q u ir e d p r a c tic a lly all o f th e s to c k o f th e L o u isville R y Co
H old ers o f
c o m m o n s to c k o f L o u isville R y . . o n p a y m e n t o f $55 n cash re ce ive d three
shares o f new c o m m o n s to c k In e x ch a n g e fo r each share o f o ld s to c k held
H o ld e rs o f the o ld p referred s to c k o f the L ou isville R y re ce iv e d share fo r
share o f new preferred, w ith a bon u s o f 2 0 % In c o m m o n
T h e new c o m
p a n y p r o v id e d the L o u isville R y . C o. w ith n eeded m o n e y to be used fo r
Im p ro v e m e n ts, th e r a ilw a y c o m p a n y Issuing $ i inn o o o c o m m o n s t o c k
th e re fo r. See V 79. p . 0 6 8
T h e 'T r a c tio n Co*. In M arc’h l O M ^ O l ^ O O O
a d d itio n a l s to c k to sh areh olders at p a r. See V . 82, p 692
In A p ril 1907
a u th o rize d c o m m o n s to c k o f th e T r a c tio n C o. w as Increased fro m $ 1 2 ,0 0 0 .
000 to $ 1 5 ,0 0 0 ,0 0 0 . V . 8 4 , P* 931 .
In A p ril 1908 preferred s to c k w as
Increased fro m $2 ,5 0 0 ,0 0 0 to $ 3 ,500,000 and the ad d itio n a l $ 1 ,000,000
o ffe re d to sto c k h o ld e r s at p a r (all o f w hich w as taken) p a y a b le $50 p e r
share at tim e o f su b s c r ip tio n , $25 O ct. 1 1908 an d $25 Jan 1 1909
T h e o ld L o u is v ille R y . C o. w as In corp orated Jan . 22 1867, and Is’ a K e n
t u c k y c o m p a n y , o w n in g all the street railw ays In the c it y o f L ou isville and
Its s u b u rb s.
It has $ 5 ,5 0 0 ,0 0 0 c o m m o n s to c k an d $ 2 ,5 0 0 ,0 0 0 preferred
„ „o w
„ „n ev„d b y th
„ „ „e u
u isv
,ov ille T r a c tio n C o . F ran ch ises
s to c k , p r a c tic a lly „all
Lu
ou
are p a r tly fo r 99 years an d p a r tly perpetu al
F e b ., 1909.]
63
ELECTRIC RAILWAYS
T h e L o u is v ille & ln te ru rb a n R y . has be e n o rg a n iz e d In th e Interest o f
th e L ou isv ille R y . to c o n s tr u c t a sy s te m o l u rb a n an d ln teru rb an lin es. It
has been au th oriz ed to bo rro w < 3 ,0 0 0 ,0 0 0 .
U p t o latest d ates n o se cu rities
had been Issued e x c e p t < 1,5 0 0 ,0 0 0 s t o c k t o L o u is v ille R y . C o .
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
C o m m o n . < 15,0 0 0 ,0 0 0 ........................
Q -J
< 11,889,700 d a n . ’ 0 0 . 1 %
A -O
3 ,5 0 0 ,0 0 0 O c t ’ 0 8 ,2 / 4 %
P r e f., 5 % c u m ., < 3 ,5 0 0 .0 0 0 ______
L o u is v ille C ity R y .....................\ 1884
6 g J -J
3 70 ,300 J ’ ly 1 1009
1st m o r tg a g e , g o ld ________ /L o u is v ille T ru s t C o ., L o u is v ille , K y .. T ru stee
f 1888
6 M -N
3,0 0 0 - - - - - - - - -
C en tra l P a ss. R y . M ________ ( In terest p a y a b le at F irst N a t. B a n k , L o u ls v .
I
L o u is v ille T ru s t C o ., T ru stee.
L ou isv ille R y . C on s. M ., g o l d ,/ 1890
5 g J -J
5,6 2 4 ,0 0 0 J u ly 1 1 0 3 0
< 6,0 0 0 ,0 0 0 (listed N Y ) c • (In te r e s t p a y a b le b y S cllgm a n & C o ., N . Y .
I F id e lity T ru s t C o ., L o u isv ille , T ru ste e .
L o u is v ille R y 2 d m tg e , < 2,- \ 1900 4 /4 g M -S
1,0 0 0 ,0 0 0 M ch. 1 1040
0 0 0 ,0 0 0 , g « 1 . 0 0 0 ) ............. /I n t . a t C o lu m b ia T r . C o ., L o u isv ille . T ru ste e .
L o u ls v R y n otes, <500,0001
_ ,
« 1 , 0 0 0 ) ...................................../ 1007
6 J -D
160 ,000
B o n d s.— O f th e secon d m o rtg a g e b o n d s d u e 1040, n o t m ore th an <200,000
c a n be Issued In a n y o n e ye a r fo r Im p ro v e m e n ts. V . 70, p. 430, 480, o32.
B esides th e < 1,0 0 0 ,0 0 0 o u ts ta n d in g a b o v e , < 600,000 are p le d g e d as s e cu rity
fo r th e 1907 L ou is v ille R y . n o t e s . T h ese la tte r are s u b je c t to call J u n e l
1908 o r o n a n y Interest d a te th e re a fte r. V . 84, p . 1307.
D ivid en d s.— O n T r a c tio n p r e f., 5 % p e r a n n u m . O n c o m . th e first
sem i-an n u al d iv id e n d , 1 / 4 % , w as p a id O ct. 1 1904 an d 1 / 4 % w as again
p a id A p ril 1 1905. O n O c t . 1 1905 1 / 4 % and /4 % e x tr a .
In 1906, 4 % .
I n 1907. 4 % .
In 1908. J a n . d lv . o m it t e d ; A p ril, 1 % ; J u ly , 1 % ; O c t ., 1 % .
I n 1909, J a n ., 1 % .
, t ,
R O A D .— O w n s 145 m iles o f tra ck o n 62 m iles o f stre e t; all Is e le ctric.
A ffo r d s en tra n ce Into L o u isv ille fo r th e L o u isv ille & E astern R R . . th e
L o u is v ille & N orth ern R y . & L ig h tin g C o. an d L o u ls v lie & b o . In d .
T r a c tio n C o. T h e L ou is v ille & ln te ru rb a n o p e ra te s 45 m . o f tra ck in
J effers on C o u n ty .
R E P O R T .— O f L o u is v ille R a ilw a y C o. fo r fiscal years e n d in g D e c. 31.
A n n u a l m eetin g th ird w e e k In F e b ru a ry .
Year—
1908.
1907.
I
Y ear—
1908.
G ross e a r n s . . * < 2 ,7 5 8 ,5 55 a< 2 ,6 6 8 ,1 4 6 1D iv id e n d s . . .
< 649,817
<496,737
N e t ............. ..* < 1 ,0 3 3 ,5 5 2
<900,1981 B a l., su r p lu s .
3 ,5 2 5
3 o ,3 3 4
In te r e s t p a i d .
3 8 0 ,2 1 0
3 6 8 ,1 2 6 1
a T h ere w ere t w o strik es In 1907.
• In clu d es <27,337 o th e r In com e in 1908.
O F F I C E R S __ P res., T . J . M lnary; V .- P ., A . P . H u m p h re y ; S e c . a n d
T re a s !. S am u el ,G . B o y le . V . 8 6 . p . 168. 857; V . 8 7 , p . 544; V . 88, p . 37 5 .
506 .
I O D IS V II I E & EA STER N R R .— A trolley road.
I n F eb 1909 It w as re p o r te d the L o u is v ille T r a c tio n C o . had b o u g h t a
large In terest In th e p r o p e r ty , In clu d in g m o s t o f th e p r e f. s to c k a n d o u t
s ta n d in g cla im s. V . 8 8 , p . 375 , 506.
R ec eiv ersh ip .— O n O c t . 23 1908 H e n ry G lo v e r o f L o u is v ille w as a p p o in te d
r e c e iv e r .
V . 8 8 , p . 1160.
F o r th e p u r p o s e . It Is su p p o s e d , o f g e ttin g a
c le a r tit le , s u it has b e e n b r o u g h t t o fo re c lo s e th e < 650,000 m tg e . V . 88,
P O R G A N I Z A T I O N .— T h is w as fo rm e r ly th e L o u is v ille A n ch o ra g e &
P ew ee V a lle y E le ctric R y ., In co rp o ra te d J a n . 14 1901, b u t n am e ch a n g e d
as a b o v e In J a n u a ry 1903.
STOCK A N D BO N D S—
D a te.
In terest. O utstanding.
M a tu r ity .
--------- -< 2,0 0 0 ,0 0 0 ------------------S t o c k , c o m m o n , < 2,0 0 0 ,0 0 0 ----------P ref, < 400,000, 5 % , n o n - c u m .
..................
4 0 0 ,0 0 0 .......................
f 1906
5 g A -0
650 ,0 0 0 A p rtl 1 1956
1st m o rtg a g e , < 2 ,0 0 0 ,0 0 0 , g( In t. a t M erch an ts’ N a t. B a n k , B o s to n , o r
(<500 & < 1 ,0 0 0 ), s f _______ I
F o u rth N a t. B a n k ,'N e w Y o r k .
I O ld C o lo n y T r u s t C o ., B o s to n , T ru ste e .
B o n d s .— O f th e < 2,0 0 0 ,0 0 0 a u th o riz e d , th e b a la n ce unissued Is reserved
fo r e x ten s ion s , & c. See V . 8 2 , p . 987 . A sin kin g fu n d o f 1 % p e r ann um
o f b o n d s o u t Is o p e r a tiv e fro m 1911 t o 1931; th e re a fte r 2 % p e r a n n u m .
B on d s are s u b je c t t o call at 110 an d Interest.
R eport of R eceiv ers.— F o r y ear e n d in g S e p t. 30 1908: G ross, < 140,653;
e x p e n s e s , < 84,118; ta x e s , & c ., < 36,510; n e t, < 20,025.
E A R N I N G S .— F o r fiscal ye a r e n d in g D e c. 31 1907 (fiscal y e a r fo rm e r ly
e n d e d F eb . 2 8 ). gross. < 156,372; n e t. 849 ,5 7 8 .
In 1906, gross, < 117,839;
n et, $3 3 ,3 4 2 .
In 1905, gross, < 117,083; n e t, $ 37 ,462 .
R O A D .— O perates 27 m iles be tw e e n L o u is v ille , B eards an d L a G range,
o n p riv a te right o f w a y .
7 0 -lb . rails. A n e x te n sio n fro m L a k e la n d to
S h e lb y v llle , 24 m iles, Is u d c r co n s tr u c tl n.
10 passen ger cars an d 2
e x p re s s c a r s .— V . 8 6 . p . 1344; V . 8 7 , p . 177, 873 , 1160.
IN D I A N A P O L IS & L O U IS V I L L E T R A C T IO N C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in In d ia n a In 1905 u n d er th e general
railroa d law s.
F ran ch ises In cities an d to w n s are fo r 50 years fro m 1905;
rem a in d er Is o n p r iv a te right o f w a y .
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 2 ,5 0 0 ,0 0 0 -------------- ---------------------- < 2,3 5 6 ,8 0 0 — --------------P r e f, $ 5 0 0 ,0 0 0 (3 1 0 0 )............................
................100 ,0 0 0 ...........- - - -
1st m o rtg a g e , $ 1 ,2 5 0 ,0 0 0 , g\ 1905
5 g A -O
1,2 5 0 ,0 0 0 A p ril 1 1936
($1 000) - _______________c * J I n t . a t C olon ial T ru s t C o ., P lt t s b ., T ru ste e .
M t g e '& c o ll tr n otes, $40 0,0001 1907
6 g J -J
300 .0 0 0 J u ly 1 1912
($1,000 an d $50 0 ), g - . c & r / I n t . at C o lon ial T ru s t C o ., P lt t s b ., T ru ste e .
B o n d s.— O n 1st m tg e . b o n d s a sin kin g fu n d o f 5 % p e r an n u m o f gross
ea rn in gs co m m e n ce s A p ril 1 1916. T h e y are s u b je c t to call o n a n y Int. d a te
a t 105 and Int. T h e trust n otes are c o n v e r tib le at o p t io n o f h old er at p ar
Into p re f. s t o c k .
Can be ca lled o n 90 d a y s ’ n o tice at 1 0 2 /4 an d Int.
R O A D .— 41 .8 m iles o f tra ck fro m S ellersbu rg (fro m w h ich p o in t cars
are run Into L ou isv ille o v e r tra ck s o f L o u isv ille & N o rth e rn R y . & L tg . C o .)
t o S e y m o u r , fro m w h ich p la ce It w ill e n ter In dia n a p o lis o v e r th e tra ck s o f
th o In d . C o l.& S o u t h ., w ith w h ich It has a c o n t r a c t.
R o a d p u t in o p e r a tio n
in 190 7. T h rou g h lim ite d cars fro m L o u isv ille to I n d ia n a p o lis w ere p u t In
o p e r a tio n In 1908. S ta n d a rd gau g e; 7 5 -lb . T -ralls.
O F F I C E R S .— P res ., Jam es M . A n drew s; V . - P . , J n o . E . G re e le y , S c o tts
bu rg- V -P , W . L . L y o n s , L o u isville an d N ew Y o r k ; S ec. an d T re a s.,
C. c ! T en n is, L ou isville; A sst. S ec. an d T re a s ., R o b t. J . T h o m p so n , S e y
m o u r, I n d .: S u p t . , H . D . M u rdock, S c o tts b u r g , I n d .
G eneral o ffice s,
S c o tts b u r g , I n d .— V . 83, p . 155, 562, 1290; V . 85, p . 793.
Je ffe rso n v ille , an d supplies also P o r t F u lto n , S ilve r G ro v e . C larksville and
C h arlestow n . F r a n ch ises, 45 years In N ew A lb a n y an d 50 years In Jeffer
so n v ille fro m 1902; In o th e r to w n s fro m 20 t o 40 years. G uarantees th e
< 250,000 first m o rtg a g e b o n d s o f N ew A lb a n y S treet R a ilw a y C o.
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
Stock. $ 1 , 000,000 ($ 100) .............................................. < 1 ,000,000
.......... .............
F irst m ortg a g e < 750,000 « l . - f 1902
5 g J -J
7 3 6 ,0 0 0
See t e x t .
000) g o l d ________________ c * ( In terest at A m e rica n T ru s t & S a v . B a n k ,
l C h ic ., T r u s ., an d a t E lio t N a t. B k ., B o s t.
F irst c o n s o lid a te d m o r tg a g e ,) 1904
5 g J -J
See t e x t
See t e x t .
$ 1 ,5 0 0 ,0 0 0 g o ld ($500 an d (In te re s t at A m e rica n T ru st & S av in gs B a n k
$ 1 , 0 0 0 ) ___________________c*J
C h ic ., T r u s ., or a t E lio t N a t. B k ., B o s to n .
N o te s < 500,000 6 % g o ld ($ 1 ,-1 1907
6 F -A
350 ,0 0 0 A u g 1 1912
00 0 , $500 an d $ 1 0 0 )_____ c / I n t . a t C entral T ru s t C o ., C h ica g o , T ru stee.
B o n d s.— < 736,000 new con sols are reserved t o retire a like a m o u n t o f
first 5s; $36 5,00 0 are reserved fo r fu tu re be tte rm e n ts an d Im p ro v e m en ts,
$38 5,00 0 are o u ts ta n d in g to secu re th e n o te Issue and $14 ,000 h a ve been
retired.
B o th Issues m atu re seria lly fro m 1907 to 1942, b u t th e b on d s of
1902 m a y be called a fter J u ly 1 1912 at 105 an d Interest; the n ew con sols
a fte r J u ly 1 1924 a t 105 an d Interest. See V . 79, p . 2458. T h e 1907 n otes
are secu red b y 1 1 0 % o f th e 1904 c o n s o lid a te d m o rtg a ge b o n d s. Can be
called at 101 an d Interest on 30 d a y s ’ n o tice .
U nissu ed n o te s are reserved
fo r fu tu re Im p ro v e m e n ts. V . 8 5 , p . 1466.
E A R N I N G S .— F o r years e n d in g M ay 31:
1908.
1907.
1906.
1905.
G ross e a rn in g s_______ _____________<280,781
<269,987 $26 3 ,2 2 0
<219,876
O p era tin g exp en ses a n d t a x e s
170,709 170,309
173 ,534
149 ,215
N et e a rn in g s------------------------------ < 110,072
52,404
I n t e r e s t ................................. ................
< 99,678
4 6 ,4 9 9
$89 ,6 8 6
46,641
$70,661
37,5 0 7
B a la n ce .............................................. <57,668
$53 ,1 7 9
$43 ,045
$33 ,154
O F F I C E R S .— P r e s ., Sam uel In su ll, C h ica g o ; V . - P . a n d T r e a s ., R . W .
W a ite; S e c ., F . J . S tra tto r; G en . M g r., M artin J . In su ll; S u p t., J . W
D u n b a r. V . 8 0 , p . 1236; V . 8 1 , p . 1 7 )4 : V . 82, p . 871 ; V . 8 5 , p . 737 , 1 4 6 6 ’
(a) L o u isv ille & S outhern Indiana T ra ctio n C o .
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a u n d e r th e G eneral R a ilroa d
L a w s In 1903, an d Is successor t o th e Sou th ern In d ia n a ln te ru rb a n R a ilw a y
C o.
L eases th e N ew A lb a n y S treet R a ilw a y C o . fo r 25 years fro m A u g .l
1903 (w ith privile ge o f renew al fo r 25 years) at a y e a r ly rental o f < 500, t h e
Int. charges an d taxes an d d lv s. o f 4 % on $10 0,00 0 preferred s t o c k .
V . 77,
p . 769 .
In S e p t. 1904 a cq u ire d th e H igh lan d R R . fo r $10 ,000 In b o n d s ;
V . 7 9 , p . 1643.
In D e c. 1905 a c q u h e d th e J efferson ville C ity R y .
See V .
81, p . 1792.
Is c o n tro lle d b y th e U n ited Gas & Fllectrlc C o ., w h ich see
a b o v e . F ra n ch ises o w n e d are fo r 50 years: also p e rn d tte d t o c a rry fre ig h t.
STOCK A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 2 ,0 0 0 ,0 0 0 ($10)
.................... $ 2 ,0 0 0 ,0 0 0
...................
P re f 6 % c u m . $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 ) .....................................
4 3 4 ,9 8 0 .......................
F irst m o rtg a ge
$1,000,0001 1003
5 g M -S 15 1,0 0 0 ,0 0 0 S ept.15 1923
gold ($500,000 and $1,000) } l n t . at A m e r. T ru s t & S a v . B a n k , C h ica g o .
c* _____________ ____________ j
and U . S. T ru st C o ., L o u is v ille , T ru stees.
N ew A lb a n y S t. R y $ 2 5 0 ,0 0 0 / 1002
5 F -A
250 ,0 0 0 A u g . 1 1927
($1,000) guar p iln & I n t e r )I n t, a t U . S . T ru st C o ., L o u is v ille , tru stee
B o n d s.— N o sin k in g fu n d , b u t b o n d s are s u b je c t t o call a fte r 10 years a t
105 and Interest. See V . 7 7 , p. 76 9 , 233 9. T h e N ew A lb a n y S treet R y
b o n d s are s u b je c t t o call o n a n y Interest d a te a t 105 an d in te re st an d are
gu aran teed b y U n ited G as & E le ctric.
E A R N I N G S .— F o r fiscal y e a r e n d in g J u ly 31 1907: G ross, $ 2 5 7 ,9 7 2 ; n e t
$83 ,0 3 1 ; Interest, $ 49 ,999 ; d iv id e n d s , $26 ,0 9 7 ; su rplu s, $ 6 ,935.
R O A D .— O perates 33 m iles o f tr a c k , In clu d in g 1 0 /4 m iles leased fro m
N ew A lb a n y S treet R y ., and also lin e betw een N ew A lb a n y an d J e ffe r s o n
v ille . an d c it y lines In Jeffe rso n ville . A n e x te n sio n t o L o u isv ille w as c om
pleted In S e p t. 1905.
H as a c o n tr a c t w ith " B i g F o u r” R R . fo r th e us
o f Its brid ge o v e r O h io R iv e r an d w ith L o u isville R a ilw a y C o . a llo w in g It
cars t o en ter L o u isville .
Has e re cte d an ln teru rb an term in al o n T h ird S t.
L o u is v ille .
G irder rails, 90 lb s ., T rails 75 and 77 1 4 lb s.
O F F I C E R S .— P res. S am uel Insull, C h ica g o ; V .- P . and T re a s., R . W
W a ite ; S e c ., F . J . S tr a tto r ; G en . M g r., M artin J . In s u ll.— V . 81, p . 1792.
LOWELL, MASS.
L O W E L L & FITCH BUR G STREET R Y .— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d In M assachusetts In 1903.
STOCK AN D BO N DS—
D ate.
In terest. O utstand ing.
M a tu r ity .
S t o c k , $ 2 7 5 ,0 0 0 , $ 1 0 : ) . . . ............................................
$ 2 7 5 ,0 0 0 .................. ..
F irst m o rtg a g e , $1 0 0 0 ,0 0 0 / 1906
5 g J -J
2 7 5 ,0 0 0 J a n . 1 1 9 2 6
gold ($ 1 ,0 0 0 )............... ........... ( I n t , a t U n. S ec. L . I .& T r . C o .. P h lla ., T r u s t .
B o n d s.— A r e s u b je c t t o call at 105 a n d Interest o n a n y Interest d a te .
No
sin kin g fu n d .
E A R N I N G S .— F o r y e a r e n d in g S e p t. 30 1908, gro ss, $43 ,7 4 5 ; defle
fro m o p e r a tio n , $200.
R O A D .— O perates 14 m iles fro m L o w e ll, w h ere It c o n n e c ts w ith th e
L o w e ll s y s te m , to A y e r , w h ere c o n n e c tio n Is m ad e w ith th e F itc h b u r g &
L e o m in ste r S treet R y . A ls o a b ra n ch , a b o u t 5 m iles, fro m N o rth C h elm s
fo r d t o W c s tfo r d .
8 cars; 1 s n o w -p lo w .
O F F I C E R S .— P r e s ., Jam es W . G reen , G lo v c r s v llle ; S e c ., C . V . M ills
T r e a s ., J erem ia h W o o d .— V . 8 3 , p . 38.
LYNCHBURG, VA.
LY N C H B U R G TRACTION & LIG H T C O .-T r o lle y .
O R G A N I Z A T I O N .— In co rp o ra te d In V irg in ia , and Is a c o n s o lid a tio n o n
M ay 1 1901 o f the L y n ch b u r g E le ctric R a ilw a y & L ig h t, th e L y n ch b u r g &
R Iv e rm o n t S treet R y . (.franchise p e r p e tu a l), the L y n ch b u r g G as C o. an
the L y n ch b u r g W a te r C o ., and com p rises all th e street r a ilw a y s, gas w o r k
and ele ctrlc-llg h t plan ts o f L y n ch b u r g an d h y d ra u lic p o w e r d e v e lo p m e n t
i
R eu sen s, V a .; also ow ns all the s to c k o f the L y n ch b u r g W a te r P o w e r C o .
an d has assum ed the <500.000 1st m tg e . 5 % b o n d s o f th a t c o m p a n y .
In 1907 a u th orized sto ck w as Increased fro m < 750,000 t o $ 1 ,0 0 0 ,0 0 0 t o
p ro v id e fo r the co n v e rtib le featu re o f n ew b o n d s.
STOC K A N D B O N D S—
D a te.
Interest. O utstanding.
M a tu r ity
S to c k , $1,0 0 0 ,0 0 0 ($ 5 0 ).................. ....
J -D
$75 0,00 0
See t e x t .
First m o rtg a g e . $1 ,0 0 0 ,0 0 0 )
1901
5 g M -N
8 6 1 ,0 0 0 M ay 1 1 9 3 1
sin kin g fu n d ($1,000) g o ld (R e a l E state Trust C o ., P h ila d e lp h ia , T ru s tee
o * __________________________ / i n t e r e s t at R . M . J a n n e y & C o .. P h ila d e lp h ia
G en m tge c o n v , $ 2 5 0,00 0,1 1907
6 g J -D
$ 2 3 5,00 0 D e c 1 1 9 1 7
g o ld ($ 1 ,0 0 0 )____________c • /
L o g a n T ru st C o ., P h ila d e lp h ia , T ru stee.
L y n ch b u r g G as C o first m ort-J 1900
5 M -S
111,000
1930
gage $25 0,00 0 __ _________ \ In t. at R e a l E sta te T ru s t C o ., P h lla ., T r u s t.
L y n cn b u r g W a te r P o w e r first j 1902
5
4 )0 ,0 0 0 J u ly 1 1 9 3 2
m o r tg a g e , $500,000 _______/R e a l E state T ru s t C o ., P h ila d e lp h ia , T ru stee
D ivid en d s.— In 1904. J u ly , 1 % ; N o v ., 1 % ; In 1905. 2 % : In 190 6, 2 H % .
In 1907, 3 % .
In 1908, Ju n e 15, 1 / 4 % an d 1 % e x tr a ; D e c. 15, 1 / 4 % a n d
1 % e x tr a .
B o n d s.— T h e n ew gen . m tg e . b o n d s are s u b je c t t o call on a n y Int. p er io d
a t 103 and In t.; th e y are co n v e rtib le a t a n y tim e Into s to c k at p a r. V . 8 6 , p
52. N o s. f. O f the 1st m tg e . b o n d s, $111,000 are reserved to retire b o n d
o f like a m o u n t o f L y n ch b u r g G as C o . d u e 1930, a n d o f w h ich n o m ore a r e
t o be Issued; $28 ,000 h a ve been c a n ce le d . 5 S inking fu n d o f 1 % per an n u m
b e c o m e s o p e ra tiv e In 1906, w h ich Is Increased In 1916 to 1 / 4 % .
E n tire
Issue can o e ca lled a t a n y tim e .
E A R N I N G S .— Y e a r e n d in g A p ril 30 1908: G ross, $34 2 ,4 1 1 ; n e t, $14 8 ,3 1 6
Interest ch arges, $76 ,332 ; d iv id e n d s , $ 22 ,500 ; su rplu s, $49,484
R O A D .— O w ns and op erates a b o u t 20 m iles o f road In c it y an d s u b u rb s
S tan d ard gauge. 40 cars. O w ns R Iv e rm o n t P a rk .
O F F I C E R S .— Pres, an d G en . M g r., R . D . A p p e rs o n , L y n c h b u r g , V a
V . - P . , Chns. R . M iller, P h lla .; S e c. and T re a s ., F . H . S h elton , 1004 P e n n s y
va n la B ld g ., P h lla .— V . 72, p . 873 ; V . 86. p. 52, 168, 1529.
L O U IS V I L L E & N O R T H E R N R A I L W A Y & L IG H T IN G .
O R G A N I Z A T I O N .— In c o r p o r a te d u nd er th e general railroad law s o f
In d ia n a In D e c. 1905 $900,000 o f th e $ 1 ,0 0 0 ,0 0 0 s to c k o f th o U n ited
G as & E lectric C o. an d $23 2,70 0 s to c k o f the N ew A lb a n y W a te r W o rk s
C o . arc d ep os ited u n d er this c o m p a n y ’s m o rtg a g e .
H as pu rch ased the
electrica l eq u ip m e n t o f the K e n tu c k y & In d ia n a B ridge C o ., an d leases the
brid ge fo r 25 years, thus a ffo rd in g Indepen den t e n tra n ce Into L o u lsv ! le.
C o m p a n y d o c s e lectric ligh tin g an d express and fre igh t business In a d d itio n
t o passenger business.
R o a d Is m ain ly o n p riv a te rig h t o f w a y .
STOCK A N D BO N D S—
D ate.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 3 ,5 0 0 ,0 0 0 ...........................
................- < 3,5 00.0 00 .......................
P ref, $ 1 ,5 0 0 ,0 0 0 . scries A & B . . .
Q -J
1 ,5 0 0 ,0 0 0
See t e x t
1st m o rtg a g e. $ 2 ,5 0 0 ,0 0 0 . g f 1905
5 g J -D
500,000 D e c. 1 1925
($500 an d $ 1 .0 0 0 )............. c * ( In t. at A m e r . T r . & S a v . B a n k , C h ica g o ,
1 T ru ste e , o r at E lio t N at. B a n k , B o s to n .
B o n d s.— U nissu ed b o n d s can o n ly be Issued fo r 8 0 % o f c o s t o f p r o p e r ty
b u ilt o r a cq u ired . A re s u b je c t to call a fte r D e c. 1 1910 at 105 an d Interest.
V . 82, p . 868 .
S tock .— T h e Scries A p re f. s to c k Is 6 % c u m ., th e Series B Is cu m . and w ill
receive 2 % In 1906, 3 % In 1907, 4 % In 1908, 5 % In 1909 an d 6 % In 1910
and thereafter.
D ivid en d s.— D iv id en d s fro m J u ly 1 1906 o n b o th classes o f p re f. s to c k
h a ve been p aid at rates ca lle d fo r up to and Inclu din g J
. 1909.
R O A D .— O perates 20 m iles o f tr a c k , L o u isv ille to C h arlestow n , w ith a
line bra n ch in g o il at W a ts o n and running to Sellersbu rg. A t .Sellersburg
M cK e e s p o r t , p a .
c o n n e cts w ith the In d . & L o u ls v . T r a c tio n C o ., running to S e y m o u r , w here
c o n n e c tio n is m ade w ith the In d . C ol. & S o ., thus fo rm in g a th ro u g h lino
PITTSBU R G H M cK EE SPO R T & W E S T M O R E L A N D R Y .
betw een L ou isville and In d ia n a p o lis. T h e line fro m L ou isville to C harles
O R G A N I Z A T I O N .— In c o r p o r a te d t o take o v e r the P itts b u r g h & W e s t
to w n w ill form part o f a th rou gh line b e tw e e n L ou isville an d C in cin n ati. m o re la n d R y . C o. (w h ich c o n tro ls th e M anor V a lle y R y . C o ., w ith $75 ,0 0 0
S ta n d a rd gau g e. 70 lb . T rail.
s t o c k , o f w h ich $50,000 Is o u ts ta n d in g ), e x c h a n g in g b o n d fo r b o n d w ith th e
O F F I C E R S .— P res., Sam uel Insull, C h ica g o ; V . - P . an d T r e a s ., R . W . e x c e p tio n th a t the c o u p o n s fo r three years fro m D ec. 1 1908 h a ve been re
W a ite ; S e c ., F . J . S tra tto r; G en. M gr., M artin J . In su ll.— V . 8 2 , p . 509, 868. • m o v e d and p laced w ith a fiscal a gen t fo r co lle ctio n o r ca n c e lla tio n , as th e
, case m a y b e , d ep e n d in g u p o n th e su ffic ie n cy o f earn in gs. T h e c o m p a n y
(1) U nited G as & E lectric C o.
O R G A N I Z A T I O N .— In co rp o ra te d In In d ia n a In 1902 and acq u ire d the has also taken o v e r the D o n o ra & F.Idora S treet R y . C o ., $15 0,00 0 s to c k
N ew A lb a n y G asligh t & C oke C o ., N ew A lb a n y L ig h t, H e a t & P ow er C o. $10 0,00 0 b o n d s, 3 /4 m iles lo n g , In course o f co n s tr u c tio n fro m D on ora t o
Jefferson ville E lectric L igh t, H e a tin g . Gas & C ok e C o . a n d Jefferson ville E ld o ra c o n n e c tin g w ith the C h arleroi d iv isio n o f the P itts b u r g h R a ilw a y s
I t Is e x p e c te d to c o n n e c t u p these tw o system s b y w a y o f H e rm ln le, W e s
L ig h t <& W a ter C o .; also c o n tro ls the L ou isville & Sou th ern In d ia n a T ra ctio n
C o.
D o cs en tire gas an d ele ctric-lig h tin g business In N ew A lb a n y and N e w to n a n d W e b s te r .
66
ELECTRIC RAILWAYS
STOCK AN D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k . $ 2 , 0 0 0 , 0 0 0 .............................................................
$10 0,00 0 ............... .
1st m o r tg a g e , $ 2 ,0 0 0 ,0 0 0 ____ ______
________
559 ,000 ____________
B o n d s .— O u tsta n d in g b o n d s Inclu de th e b o n d s g iv e n In e x ch a n g e fo r
P itts . <& W e s tm o r e la n d R y . b o n d s.
R O A D .— R u n s b etw e e n Irw in a n d M c K e e s p o r t, 8 H m iles. T o ta l tra ck ,
S m iles. T h e co n tr o lle d M an or V a lle y R y . Is b u ild in g 5 m iles o f track fro m
Ju n ction w ith P itts . & W e s t. R y . t o H e rm ln le . G a u ge , 5 f t . 2 )4 Inches.
7 0 -lb . T rail a n d 73 a n d 9 0 -lb . girder.
O F F I C E R S .— P re s ., M an n in g S tlres, M c K e e s p o r t; V . - P . , I . I . R o b e r t
s o n , W e s t N e w to n ; T r e a s ., G eorge D . C o o k , 25 B r o a d S t ., N ew Y o r k ;
S e c ., R - W . H e r v e y , M o n o n g a h e la .— V . 8 3 , p . 493 ; .V 85, p . 346; V . 8 7 ,
p . 142 1.
_________
MACON, GA.
MACON R A I L W A Y & LI G H T CO
In 1907 c o n tr o l ch a n ged han ds and o ffice rs ele cte d as b e lo w . V . 8 5 ,p . 1005
O R G A N I Z A T I O N .— In co rp o ra te d In G eorgia on O c t . 23 1902 b y th e
R a ilw a y s & l i g h t C o. o f A m e rica as a co n so lid a tio n o f the M acon C o n so li
d a te d S treet R y ., the M acon E le c tr ic L ig h t & R y ., the N orth & S ou th
M a con S treet R y . and the M etrop olitan Street K y . T h e c it y o rd in a n ce p e r
m ittin g th e c o n s o lid a tio n , passed on S ep t. 16 1902, p ro v id e d th at at least
$ 1 5 0,00 0 shall be ex p en d e d for Im p ro ve m e n ts w ith in tw o years and g ran ted
a 5 0 -y ea r fra n ch ise. F o r te rm s, see V . 7 5 , p . 733 . In S e p t. 1905 a large
b lo c k o f s to c k ch an ged han ds.
V . 81, p . 1100. V o tin g trust In s to c k w as
d is s o lv e d In S ep t. 1905.
STOCK AN D BO N D S—
D a te.
Interest. Outstanding.
M a tu r ity .
C o m m o n . $90 0,00 0 ( $ 1 0 0 ). ---------------------------$900,000 .
P re t., $ 3 0 0,00 0 ($100) 6 % c u m ------6 A -O
300,000 O c t .’ 0 3 , 3 %
M ac R y & I.t first con s m tge g j 1903
5 g J-J
950,000 .Tan. 1 1 9 5 3
$ 1 ,0 0 0 ,0 0 0 ($1,000> . — c * l Int. a t T r s t Co. o f A n u r ca, N .Y . Trust <
M ac Klee Lt & R y first m tg e j 1899
6 g J-J
42,500 Jan . 1 1929
$ 1 0 0,00 0 ($500) g o l d — c * l l n t . at B o w lin g Green T r . C o ., N . Y . T rust
B on d s.— $50,000 M a c. R y . & L t . 1st c o n s o ls, are In treasury o f co m p a n y"
b on d s are s u b je c t to call o n a n y Int. d a te a fte r 5 years at 110 and l n t ’
B on d s and s to c k agg re g a tin g $69 ,700 are held b y S av annah T ru st C o . to
retire $42,500 o f the M a con E le c . L t . & R y . b o n d s. See V . 76, p . 212 .
D iv id e n d s. — 6 % per ann um has been paid on preferred 1903 to 1907
In clu sive.
In 1908, A p ril, 3 % ; O c t ., 3 % .
R O A D .— O w n s and op erates a b o u t 3 2 >4 m iles o f tr a c k , all o f w h ich has
been re-laid w ith 70 lb rails.
R E P O R T .— F o r years en d in g D e c. 31:
C alendar
G ross
N et
In t. and D iv .o n P ref.
B a lan ce
Y ea rs—
E a rn in g s.
E a rn in g s.
T a xes.
(6 % ).
S u rvlu s
1007
$355,387
$14 9,26 6
$07,260
$17 ,016
$64 990
1900 ........ ............ 290,345
105,002
59,547
17,016
28A 40
O F F I C E R S .— P r e s ., W . J . M assee; V .- P s ., M. F e lto n H atch er an d F . B
S tu b b s ; S ec. a n d T r e a s ., J . II. H ertz; G e n . M g r., J . T . N y h a n .— V 78* n ’
34 3 ; V . 8 1 , p . 508; V . 85, p . 1005; V . 86, p . 42 1 , 1664. '
MADISON, WIS.
SOUTHERN W ISC ON SIN R A I L W A Y CO.— A trolley road.
O R G A N I Z A T I O N .— S u cce sso r t o th e M adison & In te ru rb a n T r a c tio n C o.
w h ich w as In corp ora ted In J a n . 1905, an d on S e p t. 1 1905 pu rchased the
M adison T r a c tio n C o . , w hich w as Itself successor t o the M adison E le c tr ic R y .
F ran ch ises exp ire In 1932, 1938 an d 1944, and are p r a c tic a lly e x clu s iv e .
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity
S t o c k , $100,000 ($ 1 0 0 )........ ........................................ $ 5 0 ,e 0 0
____
M ad & ln te ru r T r a c 1st m tg e l 1906
5 g M -N
685,000 M ay 1 1 9 3 1
$1,2 0 0 ,0 0 0 g o ld ($ 1 , 0 0 0 ) . c / I n t . a t C itizen s’ S a v . & T r . C o ., C le v e ., T r u s .
G en . m tg e. $ 2 ,0 0 0 , 0 0 0 g o l d —
------5
50,000 Jun e 25 ’ 32
B o n d s .— W h o le Issue M ad. & In te ru rb a n T r a c . b o n d s can be called
o n a n y Interest d a te at 102 an d Interest o n 60 d a y s ’ n o tice ; no sinking fu n d
O f th e gen . m tg e. b o n d s , $ 6 8 5,00 0 are reserved to retire a b o v e p rior liens
and $45 0,00 0 are In treasu ry o f c o m p a n y .
R O A D .— O w n s, w ith e x te n sio n s n o w In progress, 16 m iles o f sta n d a rd gau g e t r a c t . In clu d in g lines In M adison , an d exten sion to Fair O aks E lm s id e. L a ke P a rk C em etery and S ou th M adison.
R E P O R T .— Y e a r en d in g D e c. 31 1908: G ross, $156,157; n e t, a fte r taxes
$ 6 9 ,4 8 6 .
In 1907, gro ss, $ 15 3,70 3; n e t, a fte r ta x e s, $68,214.
O F F I C E R S .— P r e s ., F . W . M o n tg o m e ry ; V .- P . , D u d le y M o n tg o m e ry S ec. and T r e a s ., W a rre n M o n tg o m e ry ; S u p t., I). M o n tg o m e r y .— V 7 2 n
438 ; V . 7 3 . p . 494 , 663; V . 7 9 , p . 501 ; V . 80. p . 1174; V . 83, p . 06," 156.
MANCHESTER, N. H.
M AN C H ESTER T R A C T IO N , LIG H T & POW ER CO
O R G A N I Z A T I O N .— In c o r p o r a te d in 1901 In N ew H am pshire and c o m
prises th e several lig h t, p o w e r and street ra ilw a y p rop erties In an d a cr o u n d
M a n ch ester. T h e c o m p a n y ow n s th e s to c k or th e M anchester E lectric Co
w h ich c o n tr o ls th e M an ch ester E le ctric L ig h t C o. and th e M anchester Street
R y .; also ow n s entire $17 5,00 0 s to c k o f the M anchester & D erry S treet R y
In 1902 th e M anch ester S tre e t R y . w as a u th o rize d b y the N ew H am pshire
R R . C om m , to Increase Its s to c k fro m $421,000 to $57 0 ,2 5 0 , to fu n d float
in g d e b t and p r o v id e m ean s fo r new r o llin g s to c k ; a c c o r d in g ly , 9 9 5 new
shares w ere Issued at 150.
I n J u l y 1903 $ l /4 ,0 0 0 a d d itio n a l w as auth orized
and In Jan . 1905 $25 0 ,0 0 0 .
O n N o v . 12 1907 C o m m , a u th orized an
a d d itio n a l $27 5,00 0 s t o c k , w h ich w as Issued In J a n . 190 9. T o ta l now
a u th o r iz e d an d Issued, $ 1 ,2 1 9 ,5 0 0 .
In Ju n e 1906 M anch ester T r a c tio n L ig h t & P o w e r a cq u ire d th e entire
2 0 0 ,000 (n ow $24 0,00 0) c a p ita l s t o c k o f th e G ofls Falls L itch fie ld & H u d son
treet R y . (nam e ch a n ged In F e b . 1907 t o M anch ester & N ashau Street
R y .) a n d Issued $35 0,00 0 s to c k t o p a y fo r th e sam e a n d t o p r o v id e c o s t o f
Im p rov em en ts , & c. See V . 8 2 , p . 1380.
In N o v . 1908 the C om m , a u th o riz e d the M anch ester T r a c . L t . & P o w . C o.
t o Issue $40 0,00 0 a d d itio n a l s to c k to take o v e r th e s to c k s o f th e M anchester
& N ashua S t. R y . an d th e M anchester & D erry S t. R y .
A t the sam e tim e
th e C o m m , au th oriz ed an Increase o f $40 ,000 in s to c k o f the fo rm e r c o m
p a n y an d $ 50 ,000 increase In la tter c o m p a n y ’s s t o c k .
V . 87, p 1420
F ra n ch ises p erp etu a l.
STOCK —
D ate.
Interest. O utstanding.
M a tu r ity .
S t o c k , $5,0 0 0 ,0 0 0 ($ 1 0 0 )-------- -------Q -J
$ 2 ,8 0 0 ,0 0 0 Jan 1 5 ’ 0 9 ,2 %
F irst co n s o l m tge, $ 2 ,0 0 0 ,0 0 0 ,/ 1901
5 g A -O
1 ,7 0 ,0 0 0 A p ril 1 1921
gold ($ 1 ,0 0 0 )...................... c* \ In te re st at A m e rica n T ru st C o ., B o s to n , T r .
M anch ester E lectric L igh t C ol
first m ortg a g e, $ 2 5 0 ,0 0 0
/ 1897
5 g A -O
250,000 O c t . 1 1917
G offs Falls Lltch & Hud 1st M l 1906
5 g J -D
200,000 Ju n e 1 1926
gold $300,000 ($ 1 ,0 0 0 )-------1 Interest at A m erican T ru st C o ., B o s to n , T r .
M an & D erry St R y 1st m t g e ,l 1907
5 J -D
$125,000 D e c 1 1 9 2 7
$50 0,00 0 ($ 1 ,0 0 0 ), g u a r — /I n t . a t A m erican T ru s t C o ., B o sto n , T ru stee.
B on d s.— O f th e new first co n s o lid a te d m o rtg a g e $25 0,00 0 are reserved to
retire th e b on d s o f th e M anchester E lectric L igh t C o . T h e G offs
F a lls L itch field * H udson b o n d s are gu aran teed , p rin cipa l and Interest, by
th e M anchester T r a c tio n , L ig h t & P ow er C o. O f the M anchester & D erry
S t. R y . b o n d s, $37 5,00 0 are reserved fo r a d d itio n s and Im p rovem en ts.
T h e y are g u a ra n teed , prln. an d In t., b y M an. T ra c. L t. <k P . C o.
N o s. f.
R O A D .— T h e d iffere n t road s co n tro lle d com p rise 58.15 m iles o f track as
fo llo w s : M anchester S treet R y ., 37.24 m iles; M anchester A N ashua St
R y . (fo r m e r ly G offs F alls L ltc h . & H u d . S t. R y .) 12.75 m iles: M anchester
& D errv S t. P v . , 8 .1 6 m iles.
D iv id en d s.— F irst d iv id e n d o f 3 % on J u ly 15 1901, in 1902. 6 % ; in 1903
(ch an ged t o q u a r t e r ly ), 7 H % : In 1904, 6 % : In 1905, 6 % : In 1906, 7 %• in
190 7, 8 M % ; In 1908, 8 % ; In 1009, J a n ., 2 % .
’ /0 ’ ,u
R E P O R T .— O f th e M a n ch ester S tr e e t R y . for years e n d in g Ju n e 30 •
G ross
N et. I n t.A T a x. *D ivid en d s. S u rn lu i
1007-08 ...........................$34 0,46 0
$78 ,203 $19,238
(6 % )$ 5 6 .6 7 0
$2 29 5
1006-07 ........................... 339.541
89.942 15,365
( 6 % ) 56.670 17 907
1 9 0 5 -0 0 .........
313,031
69,015
0.604
( 6 % ) 50,670
2 651
1 0 0 4 -0 5 .............................. 201 ,729
7 0 ,7 3 6 14.370
( 6 % ) 49,170
7 .19 0
f
• T h is Is d iv id en d on M an ch ester Street R y . s to c k
E A R N I N G S .— O f M an ch ester T r a c tio n , L igh t & P ow er C o. fo r y e a r e n d
in g Ju n e 30 1908, gross, $40 7 ,5 4 1 ; net, $30 0,02 2: o th e r Incom e $56 870
Interest an d ta x es, $ 11 5,78 0; m iscella n eou s, $ 2 ,979: d iv id e n d s, $ 1 9 2 n o n
su rplu s, $ 47 ,033 .
* »6,u u u .
O F F I C E R S .— P res., W illia m A . T u ck e r; V .- P . an d G en. M g r., J . B rodle
S m ith ; T r e a s ., S. R e e d A n th o n y .— V . 8 3 , p . 3 8 , 96, 1590; V . 8 6 . d 4 2 1
V . 8 7 , p . 116 0, 1420.
v'
’
[V O L . LXXXVII1,
MANISTEE, MIOH.
M AN IST EE LIG H T & TR ACTIO N CO.
R eceiversh ip .— O n J a n . 12 1909 J u d g e K n a p p e n In th e F ed era l C ou rt
a p p o in te d J o h n P . R e y n o ld s J r. as r e ce iv e r, the c o m p a n y h a v in g d e fa u lte d
In th e p a y m e n t o f ta xes a n d Interest. V . 88, p . 158. F o r b o n d h o ld e rs ’
co m m itte e see V . 8 8 , p . 506.
O R G A N I Z A T I O N .— O rga n ized In 1906 In M ichigan as a co n solid a tion
o f the N o rth e rn M lch lg a n .T ra ctlo n an d N o rth W e s te rn M lch lg a n L t .& P ow
D oes the gas, e le ctr ic ligh t an d street railw ay business In M an istee, F llei
C ity and E ast L a k e . F ra n ch ise 30 years fro m 1904.
STOCK A N D BO N D S—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $88 5,00 0 ($ 1 0 0 )----------------------------$88 5,00 0 ____________
P re f cu m , $11 5,00 0 ($ 1 0 0 )
------------------115,000
_______
1st m tg e , $ 1 ,5 0 0 ,0 0 0 ($1,000)1 1906
5 g J -J
600 ,000 J u ly 1 1 9 2 6
g , n o t re d e e m a b le -----------c * U n t . a t N ew E n gla n d T r . C o ., B o s to n , T r u s .
B on d s.— U nissued b o n d s c a n be Issued fo r 8 u % o f c o s t o f e x te n s io n s ,
a d d itio n s an d Im p ro v e m e n ts.
R O A D .— O perates 10 m iles o f tra ck .
G au ge 4 f t. 8 J4 In.
35 t o 4 0 -lb .
T an d 8 5 -lb . gird er rails. 30 cars.
O perates a 5 0 -a crc park o n L a k e
M ich igan .
O F F I C E R S .— P r e s ., E d w a r d M . D ean e: V . - P . , L in d s e y H o o p e r ; S ec.
F ran k G . D ean e; T r e a s ., R a y m o n d E . P re b le ; A s s t. S ec. and T r e a s .,F .C .
M Udram ; G en . M g r., H a rry B . W a les; V . 85, p . 864; V . 88, p. 158.
MARION, ILL.
COAL B ELT ELECTR IC R Y —
In 1904 passed Into c o n tr o l o f th e S t. L o u is Ir o n M ou n tain & S o u . R y . Co.
STOCK A N D BO N D S—
D a te.
Interest. Outstanding
M a tu r ity .
S t o c k , $ 3 0 0,00 0 ($ 1 0 0 )....................................................
$300,000 . . .
E A R N I N G S .— F o r fiscal y e a r e n d in g Ju n e 30 1908, gross, $46,565;
n e t, $ 8 ,9 1 3 .
R O A D .— O perates 16.36 m iles o f tra ck fro m M arlon t o C a rtervllle and
H errin . S ta n d a rd ga u g e. 6 0 -lb . T rail.
O F F I C E R S .— P r e s ., G e o . J . G o u ld ; V .- P . , C. S. C larke; G en. M g r., A . W .
S u lliva n ; S e c ., F . W . Irlan d ; T r e a s ., F . M. H ic k m a n ; G en . A u d ., S . B .
S ch u y le r, S t. L ou is; S u p t., J . B u rn s, M arlon .
MARSHALLTOWN, IA.
M ARSHALLTOW N
LIG H T
POW ER
&
R Y .—
O R G A N I Z A T I O N .— In c o r p o r a te d In I o w a In 1892.
E x clu s iv e rights
till 1917.
R u n s e le ctr ic ligh tin g an d gas p 'a n t and e le ctric railw ay.
STOCK A N D BO N DS—
D a te
Interest. O utstanding.
M a tu rity
S t o c k ($5 0 0 ,0 0 0 ) ( $ 1 0 0 ) ........ ................................. ..
$ 2 5 0 ,0 o 0 f.p . ....................
1st
m o rtg a g e
($150,000)1 1803
6 g J-J
150,000 J u ly 1 1 0 1 3
g o ld ( $ 1 , 0 0 0 ) . ------------ .c * J I n t . a t 111. T r . & S a v . E k ., C h ic a g o , T ru stee.
B o n d s.— C a n n ot be c a lle d .
E A R N I N G S .— F o r ca le n d a r y e a r 1907, gross, $ 8 8 ,0 5 5 .
In 1906, gross,
$76 ,052 .
R O A D .— T r o lle y tr a c k , 4 m . S ta n d a rd g a u g e , 40 an d 0 0 -lb . T rail.
O F F I C E R S .— P r e s ., C. D . J o n e s , I n d e p e n d e n c e , I e ., S e c ., S . B . H o v e y ,
I n d e p e n d e n c e , l a .; T rea s. an d S u p t., M . W . H o v e y . M arsh alltow n , l a
MASON CITY, IOWA.
M ASON C IT Y
& CLEA R
LA K E
R Y . C O .—
O R G A N I Z A T I O N , E T C .— A trolley r o a d .
O perated sin ce J u ly 1897.
O w ns right o f w ay 33 fe e t w ide fro m M ason C ity t o Clear L a k e. 9 m iles.
L e n g th o f line w ith in an d b etw een t w o c itie s , 17.6 m iles. S t o c k , $20 0 ,0 0 0 .
B on ds (a u th o r iz e d ), $ 1 0 0,00 0 1st g o ld 0s. J-J 15. Interest at Illinois T ru st <Ss
S a v in gs B a n k , C h ic a g o , T r u s te e ; sin kin g fu n d retires $3,000 y e a rly at 103,
b e gin n in g Jan . 15 1900, an d a m o u n t now o u ts ta n d in g , $70 ,0 0 0 .
H andles
all fre igh t c o m in g o v e r I o w a C en tral, C h ica g o & N orth W estern and
C h icago G reat W estern railw ays be tw e e n M ason C ity and C lear L a k e.
G ross earnings fo r 1907, $ 5 0 ,6 5 1 ; net, $1 5 ,5 0 3 .
P r e s ., W . E. B rice; S ec.
an d G en. M gr., F . J. H a n lo n : A n d ., O . E. P e c k .
MATTOON CITY, ILL.
M ATTOON C IT Y R A I L W A Y CO.— A trolley road.
In S e p t. 1907 W . F . A v e y w as a p p o in te d r e ce iv e r, fo llo w in g a w reck In
A u gu st w hich resulted In the loss o f 17 liv e s.
V . 85, p . 601 , 654. In D ec.
1908 re ce iv e r w as d isch a rg e d , the c o m p a n y resu m in g possession an d officers
ele cte d as b e lo w . V . 8 8 , p . 52.
O R G A N I Z A T I O N .— In c o r p o r a te d In Illin ois In 1902.
O w ns en tire c a p
ital s to c k o f th e M a tto o n L igh t, I lc a t <5c P o w e r C o ., said s to c k b ein g d e
p osited u nd er th e R y . C o .’ s first m o rtg a g e . T h e P ow er c o m p a n y has no
b o n d e d d e b t.
F ran ch ises e x p ire In 1924. In D e c. 1908 s to c k w as de
creased fro m $50 0,00 0 t o $ 33 0,00 0.
STOC K A N D BON DS—
D a te.
Interest. O utstanding. M a tu rity .
S t o c k , $ 3 3 0,00 0 ($ 1 0 0 )...................................................
$ 3 )1 ,0 0 0 .................... .
1st m t g e ., $ 3 3 0,00 0
g o l d / 1006
5 g J-J
320 ,000
See te x t.
( $ 1 ,0 0 0 )
___________ c * l l n t . a t 1 st T ru st & S a v . B k . . C h ica g o , T ru st.
f 1006
5 g J-J
160,000 Ja n . 1 1 9 3 6
R e f. <fc E x t. M tg e ., $ 1 ,0 0 0 ,-' ln t . at C olon ial T r . ft S a v . B k ., C h ic ., T ru s t.
00 0 . g o ld i $ l ,0 0 0 ). . _ . c * l
or at N ation a l C ity B a n k , N ew Y o r k .
B o n d s.— T h e first m tg e . b o n d s are d u e $ 1 0 , 0 0 0 ann u ally o n Ja n . 1 from
1008 to 1920, Inclu sive; rem ain in g $21 0,00 0 on Ja n . 1 1921. 'These b on d s
are s u b je c t t o call b e gin n in g Jan . 1 1909 at 105 an d Int. T h e r e f. b on d s
are all In han ds o f c o m p a n y an d w ill be ca n ce le d .
E A R N I N G S .— F o r fiscal y e a r e n d in g J u ly 31 1908, gross, $11 0,00 0; net,
$50 ,000 ; Interest a n d ta x e s, $2 8 ,0 0 0 ; su rplu s, $ 2 2 , 0 0 0 .
R O A D — O perates 14 m iles 0 1 tra ck In an d betw een M a tto o n an d C harles
to n . 70 an d 7 2 -lb . T rail. S ta n d a rd ga u g e. A ls o d oes ele ctric ligh t and
power business In M attoon.
„
_
,, . , ....... „
O F F I C E R S .— P re s ., M. E. S am psell; V .- P . , E . M , Mills; T reas. an d G en.
M gr.. G eo. S. S h ln n lc k .— V . 8 5 , p . 601, 654; V . 87, p . 1664; V . 8 8 , p. 52.
MAUOH CHUNK, PA.
CARBON T R A N S IT C O — A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d In 1908 as a re o rga n iza tio n o f the
C a rb on S tre e t R y . so ld a t fo re clo s u re sale M ay 16 1908. P r o p e r ty Is b e
in g Im p ro v e d b y re c o n s tru ctio n , new e q u ip m e n t, & c., In clu din g th e d e
v e lo p m e n t o f F la g sta ff P ark o n F la gsta ff M ou n tain , w h ich Is 800 fe e t a b o v e
an d o v e r lo o k s th e p ictu re sq u e M auch C h u n k ,
S T O C K A N D B O N D S .—
D a te. In terest. O utstandin g. M a tu rity .
1st m t g e '$ 'f5 '0 7 0 0 0 "($ I6 6 'a 'n d i 1908
5 g F"-A
$150,000 A u g 'l " l 9 3 8
$500) g o ld
.................... c * ( I n t. a t M auch C h unk T r . C o ., M auch C h u n k,
I P a ., trustee.
B o n d s.— M ay be ca lled o n a n y in terest d a y a fte r A u g . 1 1913.
E A R N I N G S .— F irst s ix m o n th s ’ o p e r a tio n o f n ew c o m p a n y : G ross.
$ 17 ,765 ; n et, $ 5 ,2 8 4 .
,
R oad.— C om prises 1 2 )4 m iles o f tra ck ; 24 cars.
O ff ic e r s — P r e s ., V a l. S m ith , W a y n e s b o r o : V .- P ., c . H . L a tt a , B eth le
hem ; S ec. an d M g r ., J . F . G elser, M auch C h unk; T r e a s ., J n o . M . W o lff,
W ayn esboro.
MEADVILLE, PA.
M E A D V II .L E & C A M B R ID G E S P R IN G S S T R E E T R Y .— An electrlo
ro a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n sy lv a n ia In 1901. Carries
passengers, mall and express.
STOCK A N D B O N D S—
D ate.
Interest. O utstanding. M a tu rity .
S to c k , $ 3 0 0,00 0 .......................................
--- --$30 0,00 0
............
1 st
m o r t $300,000 ($500)1
1002 5 g J -D
300,000 J u ly 1 1 0 3 2
g o l d . ....................................... c * J l n t . a t E q u ita b le T ru st C o ., P itts b u rg h . T r ,
F irst re f’ g m tge $ 4 0 0 ,0 0 0 / 1904 6 g M -S
$100,000 M ch 1 1 0 3 4
($ 1 ,0 0 0 ) g o l d . . ..................c * l l n t . at E q u lt . T ru st C o ., P lt t s b ., trustee.
B o n d s .— 1T h e $30 0,00 0 b o n d s o f 1902 are s u b je c t to call a fte r 20 years a t
105 and Interest. T h e 1st re f. m tg e . con sists o f $ 3 0 0 , 0 0 0 Series A 5 %
b o n d s , w h ich are reserved fo r p rio r liens, and $100,000 Series B 6 % b o n d s ,
all o f w h ich are o u tsta n d in g ; sin k in g fu n d o f $2,000 an n u ally b e g a n S e p t. 1
1907.
E A R N I N G S .— F o r y e a r e n d . D e c . 31 1908, gross, $ 4 5 ,2 6 7 ; n e t, $ 2 2 ,3 4 5 .
R O A D .— O perates 16.20 m iles o f track betw een M eadvlfle an d C a m
brid ge S prin gs, fo rm in g th e c o n n e c tin g link betw een M ca vllle and E rie.
77 >4 a n d 8 5 -lb . T rail. C o m m e n ce d op e ra tin g Jan. 15 1903
O F F I C E R S .— P r e s ., Jam es B ry a n , P ittsb u rg h ; V . - P . and S e c ., M. F.
T e n n is , P itts b u rg h ; T r e a s ., E . H . B a ir, G re cn sb u rg. O ffic e s , M e a d v tlle .P a •
U'EB.,
67
ELECTRIC RAILWAYS
1900.]
MILLVILLE, N. J.
MEMPHIS, TENN.
M E M P H IS S T R E E T R A I L W A Y C O .—
C on trol is held b y the A m e rica n C ities R a ilw a y & L ig h t C o ., w h ich see
und er B irm in gham .
O R G A N I Z A T I O N .— C h artered In T en n essee o n M arch 28 1895 an d c o n
solid a ted w ith the C itizen s’ S t ., E a st E n d S t ., C ity & S u b u rb a n an d M em
phis & R aleigh S prin gs lines; franchises run u n til N o v . 1945.
D o e s th e
en tire street railw ay business o f th e c it y .
Is id o re N e w m a n & S on o f N ew
Y o r k and N ew O rleans are flscal a g e n ts.
D ecision as to F a r e s .— O n S ept. 7 1907 th e S u p rem e C ou rt o f T en nessee
ren d ered a decision h o ld in g Invalid th e M alone o r d in a n ce p r o v id in g fo r
certa in red u ced fares.
V . 85. p . 054 . T h e S u p re m e C o u rt has also, It Is
s ta te d , c o n llrm e d th e c o m p a n y ’s fra n ch ises In all re sp e cts, In clu din g rig h t
t o ch arge llv e -c c n t fa re.
STOCK. A N D B O N O S —
D ate.
Interest. O utstanding.
M a tu r ity .
C o m ., $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ...............................................
$ 2 ,5 0 0 ,0 0 0 .......................
P r e f.. $ 2 ,5 0 0 ,0 0 0 5 % . curn.,1
$ 1 0 0 ...................... .....................I _____
5 Q -M
2 ,5 0 0 ,0 0 0 D e c ’ 08,1 H %
C on s, ra tg ., $ 1 0 ,0 0 0 ,0 0 0 ,
11905
5 g J -J
7 ,394.000 July 1 1 9 4 5
g old (sec t e x t ) -------------c*<&rf in te re s t at C en tral T r u s t C o ., N . Y . T ru ste e .
C its. S t. R R . 1st M ., ($ 1 ,0 0 0 ) I 1887
6gJJ
$ 0 0 8,00 0 J a n . 1 1916
g o ld , n o s f, n ot r e d _____ c*( In t. a t A m . E x . N a t. Ilk . o f N . Y . an d In
l
M em phis, T e n n .
B on d s.— O f th e $1 0 ,0 0 0 ,0 0 0 new b o n d s , $90 0,00 0 are reserved to retire
C lt. S t. R R . b on d s and rem ain der fo r exte n sio n s an d Im p rovem en ts. T h e y
are In d en om in a tion s o f $1,000 c o u p o n and $10 ,000 registered. A re n o t
s u b je c t to ca ll. S in k in g fu n d $25 ,000 p er a n n u m , 1010-14; $ 30 ,000 ,
1915-19; $ 3 5 ,0 0 0 , 1920-24; $ 40 ,000 , 1925-29, and 550 ,0 0 0 , 1930-45.
B on d s
In sink, fu n d are k e p t a liv e. See V . 82, p . 628, 1496.
D iv id en d s.— O n p ref. s t o c k 5 % p a id sin ce Issuance u p to an d in clu d in g
D e ce m b e r 1908.
R E P O R T .— F o r yea r e n d in g D e c. 31;
,
_
.
Gross earns. N et alter taxes.
Interest.
S u rp lu s
1 9 0 8 ..................................... $ 1 ,627,648
$592,996
$421,437
$171,559
19 0 7 .....................................
1,604,384
597,233
404 .8 2 2
192.411
1 90 6.....................................
1,428,935
590 ,707
342 ,7 8 2
247 ,925
1905
1,114,022
461 ,472
274,893
186,579
1904
981,259
437 ,0 3 5
265 ,427
171,608
1 9 0 3 ............... 1 ______ I . .
898,178
388 655
258.145
130,510
R O A D .— O perates 110 m iles o f track In M em phis an d su b u rb s .
R a lls 60
to 8 0 -lb . T and 60 to 107 -lb. girder. 294 cars.
_ .
„
O F F I C E R S .— P res, and G en. M g r., T h o s . H . T u tw lle r ; V . - P . , J o h n H ,
W a tk in s; S e c . an d T r c a s ., W . H . B u r r o u g h s — V . 8 5 , p . 654.
MERIDIAN, MISS.
M E R I D I A N L IG H T & R A I L W A Y C O O R G A N I Z A T I O N .— In co rp o ra te d in M ississippi In 1901 as a re o rga n iza
tio n o f th e M eridian S treet R y . O w ns and o p era tes th e M eridian Gas L ig h t
C o . S hareh olders o n Jun e 1 1907 a u th o rize d an Increase In s t o c k fro m
$1,000 000 to $2 0 0 0 ,0 0 0 . to p ro v id e fo r e x te n sio n s. V . 8 4 , p . 1428.
ST O C K A N D BON DS—
D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n $ 1 ,5 0 0 ,0 0 0 -----------------------------------------$702,400 ------------------P re f 6 % n o n -cu m $ 5 0 0 ,0 0 0 —
----------------------163,300 ------------------R e f m tg c $750,000 gold ($500J 1904
5 g M -S
602 ,5 0 0 M cli 1 1 9 4 4
and $ 1 ,0 0 0 ) _____________ c ’ / I n t . at C ity B ’ k and T r . C o , M obile trustee.
B o n d s.— T h e re w ere $225,000 o f first 5s o u ts ta n d in g , b u t these (w ith
the e x c e p tio n o f $ 1 ,0 0 0 , fo r w h ich a new b o n d Is reserved) h a v e been d e
p osited as colla tera l fo r th e new b o n d s. A sin k in g fu n d o f 1 % o f b o n d s
o u tsta n d in g becom es o p e r a tiv e M arch 1 1906.
B on d s are s u b je c t to ca ll o n
60 d a y s ’ n otice at 105.
E A R N I N G S .— T o t a l gross fo r 12 m o n th s e n d in g D e c. 31 1907, $20 8 ,2 7 8 ,
n e t, $ 78 ,795 ; Interest and ta x e s, $50 ,4 6 0 ; su rp lu s, $28 ,335 .
R O A D .— 10 m iles o f tr a c k . E le c tr ic d e p a rtm e n t op e ra te s 200 c it y arcs,
18,000 Incandescent lam p s, 90 h .p . m o to rs and 120 co m m e rcia l arc ligh ts.
O F F I C E R S .— P res, and M g r., A . J . P a te rs o n , M ob ile ; V . - P . , W . H .
A r m b r e c h t, M obile; S ec. and T r c a s ., C . S . W . P ric e J r .; M eridian; G en . M g r .,
A . B . P a te r s o n .— V . 7 8 , p . 1109, 1223; V . 8 4 , p . 1428; V . 87, p . 813.
MICHIGAN CITY, IND,
C H IC A G O L A K E S H O R E & SO U TH B E N D R Y .
O R G A N I Z A T I O N .— O rganized In In d ian a D e c. 1901.
N o secu rities In han ds o f p u b lic e x c e p t 60 e q u ip m e n t b o n d s .
R e s t all
o w n e d b y s y n d ic a te , w h ich has used th em as co llateral o n ly .
STOCK AN D B O N D S—
D ate.
Interest. O utstanding.
M a tu r ity .
C o m m o n , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 )......................... - ............
$ 5 ,0 0 0 ,0 0 0
................
1 ,0 0 0 , 0 0 0
.......................
P r e f, $ 1 , 0 0 0 , 0 0 0 ($ 1 0 0 ) , 6 % n - c ................................
1st m tg c , $6,0 0 0 ,0 0 0 ($1,000) J 1907
5 F -A 1 5
3 .5 0 0 .0 0 0 A u g 15 1947
g o l d ____________ ______ _____/In te r e s t at C levelan d T ru st C o ., T ru ste e .
E q u ip m e n t tru st, $35 0,00 0 _ . / 1908
6%
3 5 0 ,0 0 0 See te x t
(C levela n d T ru s t C o ., C le v e la n d , T ru stee.
B o n d s.— R e m a in in g b on d s arc reserved fo r fu tu re e x te n sio n s an d Im
p r o v e m e n ts . T h e y are s u b je c t t o call at 102 M t a n y ln t . p e r io d . Sink
fu n d o f $50,000 p er an n u m b e g a n A u g . 15 1907 fo r te n yea rs, th e n 2 % o f
b o n d s o u ts ta n d in g until m a tu r ity . T h e e q u ip m e n t trusts c o v e r 31 cars.
T h e y m ature $50,000 a n n u a lly M ay 15 1910 t o M ay 15 1916 In clu sive.
R O A D .— O perates a to ta l o f 69
m iles be tw e e n S o u th B en d a n d H am
m o n d ; 5 H m iles H m m nil t o P u llm an u n d e r c o n s tr u c tio n b y Illin ois Cen
tral R R . , to be leased t o C h icago L a k e S h ore & S o u th B e n d . 7 0 -lb . T rail.
O F F I C E R S .— P r e s . , -------------:------ ; V . - P . , F . B . W a g n e r; S e c . an d T r c a s .,
M . H . W ilson . C lev ela n d ; G en. M g r., H . U . W a lla ce .— V . 83, p . 212; V . 86,
p . 51, 167, 420, 1528.
MIDDLETOWN, N. Y.
W A L L K I L L T R A N S IT CO .—
R eceiversh ip .— C o m p a n y w as p la ce d In han ds o f a re ce iv e r O c t . 1908,
becau se o f a Jud gm en t o f $12,000 a gain st c o m p a n y secu red b y a m o to rm a n
on a c c o u n t o f Injuries rece iv e d .
O R G A N I Z A T I O N .— In co rp o ra te d In N ew Y o r k o n M arch 30 1905 as
su ccessor, u n d er fo reclos u re , to the M ld d le to w n -G o sh e n E le c tr ic R y . and the
M id d le to w n -B lo o m sb u r g E le c. R y .
See V . 8 0 , p . 1059, 1425.
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k $35 0,00 0 ($ 5 0 )...................... ...................................
$320,750 .......................
1st m tg c $ 3 5 0,00 0 gold ($ 1 0 0 ,/ 1905
5 g M -N
300 ,0 0 0 M ay 1 1 9 3 5
$500 and $ 1 ,0 0 0 )________c ’ l l n t . at C o m 'w ’ lth T r .C o ..H a r ris b u r g , T ru stee.
B on d s.— $50 ,000 reserved fo r fu tu re Im p ro v e m e n ts. A r e s u b je c t to call
a fter 10 years a t 105.
R O A D .— O perates 12.84 m iles o f tra ck e x te n d in g fro m M id d le to w n ,
N . Y . , to M id w ay P a rk , G osh en . Inclu din g sw itch es, tu rn o u ts, & c. R alls
6 5 -lb . T e x c e p t Vi m ile o n ly o f 8 0 -lb . gird er. S tan d ard ga u g e.
O F F I C E R S .— P r e s ., E . R . Spon sler; V . - P . , H . B . R o y c e ; S e c ., W . H .
S p on sler; T r c a s ., W . M . O g le s b y ; G e n . M g r ., D o W itt C . M cM o n lg le .—
V . 8 0 , p , 9 9 8 , 1059, 1425, 2316,
MILFORD, MASS.
M IL F O R D & U X B R I D G E ST R E E T R Y — T r o lle y .
O R G A N I Z A T I O N .— In co rp o ra te d In M assachusetts In 1901
O n J u ly
10 1902 co n s o lid a te d b y purch ase o f en tire ca p ita l s to c k w ith th e M ilford
H o lllsto n & F ram in gh am S t. R y .
In 1907 th e M ilford In v e s tm e n t C o .
Was o rgan ized to llnance the floa tin g In debtedness o f the M ilford & U x b r id g e .
STO C K AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k $440,000 ($ 1 0 0 )............... - ......................... .........
$440,000 1 9 0 7 -0 8 ,1 %
M . I I o ll. & F ra m . 1st m t g c ./ 1898
5 g J -J
165,000 Jan
1 1918
$16 5,00 0 ($1,000) g o ld _ _ c l i n t , at A m e r . T r u s t C o ., B o s to n , T ru ste e .
M llf. & U x b . gold b o n d s / 1902
5 g J-J
2 50 ,000 J an
1 1918
$250,000 ($ 1 ,0 0 0 ) goU l.-C l i n t , at A m e r . T r u s t C o ., B o s to n , T ru stee.
M llf. In v e s t. C o. d eb ($1001 ------6 M -S
$20 0,00 0 S e p t 1 1927
and $ 5 0 0 )_____ ______ ______ /Y a l e N a t. B a n k , N ew H a v e n , trustee.
N o te s , p a y a b le S e p t .30 1 9 0 8 -.........................................
198,500 ......................
B on d s.— T h e M ilford In v e s t. C o . b o n d s a rc secu red b y an eq u a l a m o u n t
o f n otes o f the M ilford & U x b . S t. R y . T h e y a rc red eem able a t p ar and
ln t. o n a n y ln t. d a y .
„
E A R N I N G S .— F or flscal ye a r e n d . S e p t. 30 1908, gross, $ 15 6,30 9; n e t,
$48 ,146 : fixed c h g s ., $43,541: d lv . ( 1 % ) , $ 4 ,400; su rplu s, $205,
R O A D .— O w ns 36 miles o f tra ck , from S o . F ra m in gh a m to U x b r id g e and
fro m M ilford to M edw ay and H o p k ln to n . A lso c o n tr o ls L a k e N lp a n u c
P a rk . 45 passenger cars, 8 snow p lo w s and 3 m lsce ll.; 130 e le ctric m o to rs.
O F F I C E R S .— P res., Joh n T . M an son , N ew H a v e n , C o n n .; V . - P . , J . W ll
lls, D o w n s ,N e w I I a v c n ;T r c a s .,J . E . W a lk e r, M ilford: S u p t., W . L . A d a m s ,
M ilford , M ass.— V . 74, p . 1308; V . 76. p . 102; V . 8 8 , p . 375 .
M IL L V IL L E T R A C T IO N — A trolley road.
STOCK A N D BO N DS—
D a te.
Interest. Outstanding.
M a tu r ity .
S to c k $ 1 7 5 ,0 0 0 .......................................................................
$175,000 .......................
1st m o rtg a g e $ 4 0 0,00 0 g o ld ) 1894
5 g F -A
208 ,000
1914
($ 1 ,0 0 0 e a c h ) ____________ c ’ / I n t . a t L a n d T it le & T ru s t C o ., P h lla ., tru st.
“ Other d e b t s ” Dec 31 1908...............................................
54,2 9 5 .......................
B o n d s.— N o t s u b je c t to ca ll.
E A R N IN G S . — F or calendar year 1908, gross, $ 3 4 ,5 6 5 ; deficit from
o p e r a t io n , $ 4,314:
R O A D .— O perates 12.55 m iles o f tra ck In M illville, V in e la n d an d to w n
ship o f L a n d is, o f w h ich 8.67 m iles p u t In o p e r a tio n In 1901.
C.
O F F IC E R S .— P res., George W ood ; S ec., G. H . Thom as; T reas., Daniel
Lewis.
MILWAUKEE, WIS.
M IL W A U K E E
LIGH T.
H EAT & TRACTION CO.— In c o r p o r a te d
D ec. 1896. O w ns an d op erates an e x te n s iv e system o f su b u rb a n an d Inter
u rban lines ra d ia tin g fro m M ilw aukee to C u d a h y , S o u th M ilw au k ee, R a c in e ,
K e n o sh a . W a u w a to s a , N o rth M ilw aukee, W h ite flsh B a y . F o x P o in t, W est
A llis , W a u k e s h a , W a u k e sh a B e a ch , O c o n o m o w o c , W a t e r t o w n , M u skego
L a k e s, M u k w o n a go an d E a st T r o y .
T h e c o m p a n y , besides Its ra ilw a y sy s te m , ow ns a n d o p e ra te s e le ctricligh t and p o w e r syste m s In C u d a h y , S o u th M ilw aukee. R a cin e , W a u w a to s a ,
E ast M ilw au k ee, W e s t M ilw aukee a n d W e s t Allis. W a s fu rn ish in g D e c. 31
1908 4 7 ,2 3 5 In ca n d escen t la m p s , 732 h . p . In m o to rs , 541 a r c lam ps a n d 804
N ern st lam p glow ers.
T h e cap ital s to c k Is p r a c tic a lly all o w n e d b y T h e N o rth A m e rica n C o.
(see m iscella n eou s c o m p a n ie s In “ R a ilw a y and In d u s tria l” S e c t io n ).
In
A p ril 1907 s to c k h o ld e r s v o t e d to Increase s to c k fro m $ 1 ,0 0 0 ,0 0 0 to $ 3 0 ,0 0 0 ,
0 0 0 . V . 8 5 , p . 160. $ 9 ,0 0 0 ,0 0 0 o f new s to c k Issued u p to J a n . 1909.
C ontrol P u rch a sed .— In 1907 pu rch ased th e $9,0 0 0 ,0 0 0 c o m m o n s to c k o f
T h e M ilw aukee E le c tr ic R y . & L t . C o. fro m T h e N orth A m erica n C o.
T h is w as d o n e In o r d e r t o m a k e M il. L ig h t, H eat & T r a c tio n C o. the
c o n tro llin g c o m p a n y Instead o f T h e M ilw aukee E le c. R y . & L t . C o ., as
w as fo rm e rly the case. V . 8 6 , p . 286STOC K A N D B O N D S—
D a le .
Interest. O utstanding.
M a tu r ity .
$ 1 0 ,0 0 0 000
See t e x t .
C om m on s t o c k , $ 3 0 ,0 0 0 ,0 0 0 .. ......................... ..
MUw L t H an d T r C o 1st M g / 1899
5 g M -N
5 ,0 0 ,000 M ay 1 1929
gu ar$5 ,000,000 ($1,000) g c * /T r u s t C o . o f A m e r ic a , N e w Y o r k , T ru s tee.
M llw L t H a n d T r C o r e f& e x t f 1907
5
J -D
6 ,1 8 9 .0 0 0 Ju n e 1 1937
A1 g $ 3 0 ,0 0 0 ,0 0 0 ( $ 1 , 0 0 0 ) . . /M e tr o p o lita n T r . C o ., N . Y . , a n d R a n d o lp h
/
R o d m a n . T ru s .
In t. at c o ’s N . Y . o ffic e .
In terest o n the M ilw aukee L ig h t, H e a t & T r a c tio n C o ’ s 1899 5 % b on d s
Is p a y a b le a t c o m p a n y ’s o ffic e , 30 B ro a d S t ., N . Y . T h ese b o n d s m a y be
called a t 110 o n a n y Interest d a te . T h e y are gu a ra n te e d , p rin cip a l an d
Interest, b y e n d o rs e m e n t, b y T h e M ilw au k ee E le ctric R a ilw a y & L ig h t C o.
(V . 86, p . 104 2 ).
O f th e new re fu n d in g and e x te n s io n b o n d s , $ 2 ,5 0 0 ,0 0 0
a d d itio n a l can be Issued Im m e d ia te ly , and In June 1908 W isco n sin S ta te R R .
C om m ission au th o riz e d c o m p a n y to Issue this a m o u n t.
T h is will raise
o u ts ta n d in g a m o u n t to $ 7 ,5 0 0 ,0 0 0 ; u p to D e c. 1908 $ 1 ,1 8 9 ,0 0 0 o f $ 2 ,5 0 0 ,
000 had been Issued.
$5,5 0 0 ,0 0 0 Is held to retire p r io r Hens. T h e se b on d s
m a y b e ca lle d o n a n y ln t. d a y a t 110 and ln t. V . 84, p . 1183. F irst $ 1 3 ,
0 0 0 ,0 0 0 are to be a r 5 % Interest and re m a in in g $17 ,0 0 0 .0 0 0 n o t o v e r 5 % .
D ivid en d s.— 1 0 % p e r a n n u m p a id fr o m 1904 t o 1907; In 1907, 2 % ; In
1908, 3 H % .
R O A D .— T o ta l m ileage, e x c lu s iv e o f c o n tro lle d M llw . E le c . R y . & L t . C o .,
w as D ec. 31 1J08 205 m iles.
8 0 -lb . T rail. O w ns 115 ca rs. d
R E P O R T .— Fiscal y ear e n d in g D e c. 31:
1908.
1907.
190 8.
190 7.
G ross- - R a i l w a y . .$ 7 3 0 ,4 7 2 $70 4,55 7 O th er In co m e _____ $ 6 1 8,75 0 $34 6,14 7
E l. l i g h t . . 122 ,255 121,574 T a x e s ............................$51,163
$49,568
D e p r e c i a t i o n _____
85,273
74,352
T o ta l g ro s s_______ $85 2,72 7 $826,131 In te r e s t...............
580 ,505
437 ,8 3 2
O p e r. e x p ., R y . &
D iv i d e n d ____ ( 3 ^ )3 5 0 ,0 0 0 (2 )2 0 0 0 0 0
E le c, lig h t _____ 371 ,072 359,441
N e t e a r n in g s___$ 4 8 1,65 5 $ 4 6 6,69 0 B a la n ce , s u r p lu s . $33,464
$51 ,085
O F F I C E R S .— P r e s ., G en. M gr. an d P u r. A g t ., J o h n 1. B eg gs; V .- P s .,
W m . N . C rom w ell, C. W . W e tm o re an d Chas. F . P fister; S e c ., Silas W .
B u rt, N ew Y o r k ; T r e a s ., G eo. R . S h e ld o n , N ew Y o r k ; C o m p ., C. N . D u fly ;
A sst. S e c. a n d A sst. T r e a s ., F . J . B o e h m ; A u d ., G e o . W . K a lw e lt.
G en
eral o ffic e . P u b lic S e rvice B ld g ., M ilw au kee. N ew Y o r k o ffic e , 30 B r o a d
S t ., N ew Y o r k C ity .— V . 85, p . 160; V . 86, p . 286 , 1042, 1529.
(1) Th e M ilw au k ee E lectric R a ilw a y & L igh t C o .—
O R G A N I Z A T I O N .— S u cce sso r o f M ilw aukee S treet R y . C o . Jan . 29 1896,
p e r p lan In V . 6 0 , p . 100 9. E m b r a c e s all th e street railw ay lines In M ilw a u
k ee.
E n tire c o m m o n s to c k Is o w n e d b y th e M ilw au kee L ig h t, H e a t &
T r a c tio n C o . T h e c o m p a n y , besides Its stre e t ra ilw a y s y s te m , o w n s and
o p e ra te s an c le ctrlc-lig h t an d p o w e r s y s te m . W a s fu rn ish in g o n D e c. 31
1908 269 ,176 Incan descen t la m p s , 11,149 h . p . In m o to rs , 3,2 >0 arc ligh ts
an d 7,0 2 7 N ern st lam p g low ers. C o n tro ls M ilw aukee C en tral H e a tin g C o .,
o p e ra tin g a c e n tr a l-s ta tio n s te a m -h e a t sy s te m In M ilw au kee.
T h e ra ilw a y franchises o f th e c o m p a n y run until D e c. 31 1934. V . 7 0 .
p . 39. E le c tr ic ligh t and p o w e r fra n ch ises are un lim ited In tim e .
In A p ril 1907 s to ck h o ld e rs v o te d to Increase the c a p ita l s t o c k fro m $ 1 9 ,
5 00 ,000 to $ 2 4 ,5 0 0 ,0 0 0 . S ec V . 84, p . 102, 221 , 339; V . 8 5 , p . 160.
D e cis io n .— T h e W isco n sin S u p rem e C o u rt June 5 1908, re versin g th e lo w e r
c o r t, dism issed a c tio n b ro gh t b y A tto r n e y -G e n e ra l G ilb e rt fo r r e m o v a l
o f o ffice rs o f c o m p a n y fo r alleged w a ste fu l use o f m o n e y In secu rin g e x t e n
sio n o f c o m p a n y ’s franchises In 1900. See V . 8 6 , p . 1467.
STOCK A N D BO N DS—
D a te.
Interest. O utstanding. D iv id en d s.
C o m m o n s to c k $ 2 0 ,0 0 0 ,0 0 0 /
$9,0 0 0 ,0 0 0 D ec31 ’08 , 1 H
(par $ 1 0 0 ).
Q -F
P referred s to c k $ 4 ,5 0 0 ,0 0 0 /
4 ,5 0 0 ,0 0 0 J a n 3 1 '0 9 1 M
6 % n o n -cu m (par $ 1 0 0 ) . . /
5 g J-J
W e s t Side S t R R 1st M , cov-1 1889
500 ,000 J u ly 1 1909
ers 18 m iles, $50 0,00 0 g o l d . / l n t . a t F a rm ers’ L . & T r . C o ., N e w Y o r k .
T h e M llw E l R y & L t C o c o n s l 1896
5 g F -A
6 ,5 0 0 ,0 0 0 F e b 1 1 9 2 6
m tg e $ 8 ,0 0 0 ,0 0 0 g o ld ___ c * /C e n t r a l T r u s t C o ., N ew Y o r k , T ru ste e .
In terest p a y a b le a t c o m p a n y ’s o ffic e , 30 B road S t ., N . Y .
T h e MU E l R y & L t C o re f &1 1906
4 K fJ -J
5 ,9 6 7 ,0 0 0 Jan 1 1 9 3 1
e x t m tg e $ 2 0 ,0 0 0 ,0 0 0 g o I d /T r u s t C o m p a n y o f A m e r ic a , N e w Y o r k ,
( $ 1 , 0 0 0 ) _________________ c * /
T ru stee.
Stock and B o n d s.— C o n sols o f 1896 fo r $50 0,00 0 are reserved fo r p rior
b o n d s still o u ts ta n d in g . T h e se b o n d s and also th e preferred s to c k axe
listed o n th e N ew Y o r k S to c k E x ch a n g e . O f the new refu n d in g and e x t e n
sion b o n d s , $ 7 ,0 0 0 ,0 0 0 are reserved fo r p rio r liens and $ 7 ,0 3 3 ,0 0 0 fo r e x te n
sion s, a cq u isitio n s, & c ., at n o t e x c e e d in g $ 1 ,0 0 0 ,0 0 0 p er y e a r.
B o n d s are
s u b je c t to call o n and after J a n . 1 1916 at 108 and Interest. See V . 8 1 ,
p . 1724, 1792; V . 8 4 . p . 508 .
R O A D .— T o ta l t r a c k , 137 m iles— all tr o lle y . O w ns 398 cars.
A N N U A L R E P O R T .— Fiscal years e n d in g D e c . 31:
Calendar yea r—
1908.
1907.
1906.
1905.
G ross r a ilw a y ............... ..
$ 3 ,2 2 3 ,1 8 0 $ 3 ,221,912
$ 2 ,9 7 3 ,4 4 3
$ 2 ,6 6 9 ,8 4 7
L ig h tin g , & c .......................
675 ,359
601 ,470
549 ,995
556,688
G ross e a rn in g s............. $ 3 ,8 9 8 ,5 3 9
O p era tin g e x p e n s e s____
1 ,9 8 3 ,8 0 5
$3,8 2 3 ,3 8 2
1,974,721
$ 3 ,5 2 3 ,4 3 8
1,7 3 4 ,5 8 7
$ 3 ,2 2 6 ,5 3 5
1,5 5 1 .4 6 3
N et e a rn in g s.....................$1,9 1 4 ,7 3 4
O th er In c o m e ....................
92,566
$1,848,661
83,283
$1,7 8 8 ,8 5 1
155,791
$1,6 7 5 ,0 7 2
122,161
T o ta l ................................ $2,0 0 7 ,3 0 0
$1,931,944
$ 1 ,944,642
$ 1,797,233
O u t o f th e n e t o f $ 2 ,0 0 7 ,3 0 0 fo r 1908, $233,912 w as p a id fo r ta x e s ,
$389,854 re se rv e d fo r d e p r e c ia tio n , $ 5 7 3,43 5 paid fo r Interest, $ 2 7 0,00 0 fo r
p r e f. d lv s . ( 6 % ) and $540,000 fo r c o m . d lv s . '6 % ) , le a v in g surplus o f $99 .
D ivid en d .— R eg u la r qu a rte rly d iv id e n d s o f 1
h a ve been p a id on th e
p re fe rre d sin ce F e b . 1900. On th e co m m o n s to ck In 1903, 4 % ; In 1904,
5 % ; In 1905, 5 % ; in 1906, 6 % ; in 1907, 6 % : In 1908, 6 % .
O F F I C E R S .— S am e as th e M ilw au k ee L ig h t, H e a t & T r a c tio n C o.
G en
eral o ffic e . P u b lic S e rv ice B u ild in g , M ilw au k ee. N ew Y o r k o ffic e , 30 B roa d
S t ., N ew Y o r k C it y .— V . 8 5 , p . 160; V . 86, p . 282, 286; V . 8 7 , p . 1011.
W IS C O N S IN T R A C T IO N , L IG H T . H E 4” & P O W E R CO .—
O R G A N IZ A
T I O N .— T h is c o m p a n y w as In corporated At M ilw aukee In
______
A u g . 1900 w ith a nom inal c a p ita l o f $10 ,000 (since Increased to $ 1 ,0 0 0 ,0 0 0 ),
fo r th e p rp ose o f u n itin g certa in properties In the F o x R iv e r V a lle y .
Secu red c o n tr o l o f th e F o x R iv e r V a lley E lectric R y . au d th e A p p le to n
E lectric L ig h t <Sc P o w e r C o ., an d has c o n so lid a te d th e m .
In S e p t. 1904
pu rch ased entire ca p ita l s to c k o f the F o x R iv e r V a lley G as & E lectric L ig h t
C o . and guaran tees Its b o n d s, prin cip a l and Interest. See V . 79, p . 7 8 7 ,
126 7.
G8
ELECTRIC RAILWAYS
|V O I* L X X X V III.
la
S T O C K A N D B O N D S — • D a te
In terest. O utstanding.
M a tu r ity • | A N N U A L R E P O R T .— Fiscal y ea r en ds D ec. 3 1 . R e p o r t fo r 1007 w as
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )................. ............................
$ 6 9 9,40 0 ____________
V . 86, p . 5 J 9 , sh ow in g results o n th e en tire p ro p e rty as fo llo w s :
F irst m o r tg a g e , $ 3 ,0 0 0 ,0 0 0 / 1901
5 g J -J
1,0 0 0 ,0 0 0 J u ly 1 1 9 3 1
1907.
1906.
1905.
($1,000) g o ld n o sink f d . c ' l l n t . at M ilw au kee T ru s t C o ., M llw ., T ru stee
R e ce ip ts fro m p a sse n g e rs_____________ 6 .020,542 $ 5 ,592,079
$4,7 3 3 ,3 3 5
F o x R iv e r V a lle y first m t g e / 1901
5 g A -O
330 ,0 0 0 A pril 1 1921
R e c e ip ts fro m o th e r s o u r c e s _________
35,201
52,9 0 9
25.927
$35 0,00 0 ( $ 1 , 0 0 0 ) g o ld — c /M e r c h a n t s ’ L oa n A T ru st C o . C h ic .,T ru s te e .
A p p le t o n O as L ig h t A F u e l.................
o
15,000 N o v . 1 1914
T o t a l r e c e ip t s ..............................................$ 6 ,0 5 5 ,7 4 3
$ 5 ,644,988 $4,759 262
B o n d s .— K ntlre Issue o f W iscon sin T r a c tio n , L ig h t H eat * P o w e r C o. O p e ra tin g ex p e n s e s ........................................ 2 ,7 2 9 ,3 0 4
$ 2,424,857 $1 948 197
b o n d s m a y be called on a n y Interest d a te a t 110 an d Interest. T h e F o x
I n s u r a n c e .......................................... ..............
4 8 ,0 0 0
48,000
48 000
R iv e r V a lley b on d s are s u b )e c t t o call a fte r A n rll 1 1911 at 105 and Interest
2 03 ,132
202 ,522
122,94*
E A R N I N G S .— F o r y e a r s e n d in g D e c . 31:
in te re s t. In ju ries and d a m a g e s ...................................
Y ear—
G ross.
N et.
O ther I n c . Interest. S u rp lu s.
$8,376
$68 ,400 $46 ,320
1908 ........................................... $26 5,29 0 $106,353
1907 ..............................- ............ 246,452
93,9 7 0
8,147
68,400
33,7 1 7
R O A D .— O perates 15 m iles o f tr a c k , co n n e c tin g N een ah , M enasha, A p p le
to n and K au k an a, and 5 m iles loca lly In the c it y o f A p p le to n ; to ta l, 20 m iles
O w ns ele ctr ic -lig h tin g p lan ts In A p p le to n , N eenah and M enasha and su pplies
gas t o N een a h , M enasha an d A p p leton .
O F F I C E R S .— P res.. John I . B eggs; V . P ., Chas. F Pfister M ilw au k ee
S ec. an d T r e a s ., H en ry D . S m ith , F irst N a tion a l B a n k B u ild in g A n D leton
W ls. — V . 7 9 . p 787 , 1267.
B’
'
M IL W A U K E E NORTHERN R V . - A n electric roa d .
O R G A N I Z A T I O N .— In c o r p o r a te d In W iscon sin In 1905. O perates ln te ru rb a n sy s te m e n tire ly on p riv a te rig h t o f w a y . F ran ch ise In M ilw au k ee
runs till 1037 an d p ro v id e s fo r 5 -ce n t sin gle fares a n d th a t 8 tic k e ts b e sold
fo r a q u a rte r w ith in c it y lim its.
S T O C K A N D B O N D S .—
D a te.
Interest. Outstanding.
M a tu r ity
S t o c k $ 1 ,0 0 0 ,0 0 0 (6 1 0 0 )..................................................... 51,000,000
1st m tge $ 4 ,0 0 0 ,0 0 0 ($1,000) 1 1907
5 g F -A
2 ,500,000 A u g ‘ l 'i 9 3 7
g u ld ............... ........................-,o*j In t. at F id e lity T ru st C o ., M llw ., trustee
B o n d s.— R e m a in in g $1,5 0 0 ,0 0 0 ca n be Issued w h en road Is c o n m le t e d t o
F on d d u L a c.
N o t s u b je c t to ca ll. V . 8 5 , p . 6 0 1 .
R O A D .— W ill be 120 m iles lo n g , ru n n in g n orth from M ilw aukee to Ced a r b u re . w h ere It fo rk s , on e branch e x te n d in g t o S h eb oy g a n and th e oth er
t o F o n d du L a c.
R oa d Is c o m p le te d an d In op e ra tio n b etw een M ilw aukee
C ed a rb u rg an d S h e b o y g a n , 26 m iles. T h e F on d du L a c D iv ision It Is
p la n n e d to co m p le te in 1909. . G au ge, 4 ft. 8 /4 in . 7 0 -lb . T rail.
O F F I C E R S .—-P re s ., W m . A C o m sto ck ; V .-P ., F. W . W alker; See and
T r e a s ., H enry A . H aigh; G en. M gr., F. W . W a lk er; A u d ., B. G B road __
V . 84. p . 1367, 1428; V 8 5 , p , 601.
MINNEAPOLIS, MINN.
T W IN CITY R A P ID TR AN SIT.— An e le ctr ic road.
O R G A N I Z A T I O N .— O rganized u n d er th e law s o f th e S tate o f N ew Jersey
June 3 1891 and b y virtu e o f Its s to c k o w n ersh ip o f th e u n d erlyin g c o m
pan ies (to w it, T h e M in neapolis S treet R a ilw a y C o ., T h e S t. Paul C ity R a il
w a y C o ., th e M in neapolis L yn d a le A M in n e to n k a R a ilw a y C o. and the
M in neapolis A S t. Paul S u b u rban ) c o n tr o ls an d op e ra te s th e entire street
railw ay system o f M in n eapolis, ;->t. Paul. S tillw a te r, an d lines to E x celsior
T o n k a B a y and D eep h a v e n at L a k e M in n eton k a.
In 191)6 a b so rb e d the
N o rth Side Street R v . (R o b b ln s d a le lino) and th e S t. L ouis P ark line
V . 83. p. 1472.
O n M ay 31 1905 s to c k h o ld e r s a u th orized an Increase In the
ca p ita l s tock fro m $2 0 ,0 0 0 ,0 9 0 to $ 2 5 ,0 0 0 ,0 0 0 , the new s to c k to be all
com m on
A t the sam e tim e th e a rticles o f In co rp o ra tio n w ere am en ded
so as to m ake th e ch a rte r p e rp e tu a l.
V . s o . p. 1914.
F ran ch ise and F a re s .— M a y o r H ayes o f M in neapolis on F e b . 18 1907 signed
an o rd in a n ce requ irin g street railw ays t o sell six fares fo r 25 cents. V . 84 p
451, 509.
O n A u g. 24 1007, h o w e v e r. J u d ge L o ch re n o f th e U. S. C ircuit
C ou rt granted a p erm an en t In ju n ctio n again st e n fo rcin g th e o rd in a n ce (sec
V . 85 p. 5320.
1 ’ hls d e cisio n Is c la im e d t o sustain th e c o m p a n y ’s rig h t t o a
5 0 -y e a r fra n ch ise from J u ly 1 1873.
Settlem ent w ith C ity or St. P a u l.— F or d ecision as t o right t o build new
lines In S t. P a u l, see V . 79, p. 271, 2087, and for se ttlem en t w ith C itv o f St
P aul b y w h ich the c it y relinquishes Its right o f app eal from this decision and
th e c o m p a n y agrees t o p a y Into the c it y treasu ry a gross earnings ta x o f 6 %
see V . 8 0 , p 1175.
’ *
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu rity .
T w in C ity R a p id T ra n sit—
C om m on s t o c k , $22 ,0 0 0 ,-1
5 Q -F
000 (p ar S I 0 0 ) ........ ............f -------$ 2 0 ,100 ,00 0 F eb 15’ 09.U -f
P referred stock , c u m u la t iv e !
7 Q -J
$ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - ...........f 1895
3,0 0 0 ,0 0 0 Jan . ’ 09,1 %
M in n e a p o lis Street R ailw ay C o .—
7 g M -N
1st M g red at 105 y e a r ly ___ 1880
110.000 N o v . 1 1910
6 g M -N
S econ d m tge g o ld ___. . c * A r 1883
600 .000 N o v . 1 1913
5 g J-J 15
First c o n s M g $5,000,000 c* 1889
4 ,2 0 8 ,0 0 0 J a n .15 1919
S t. P a u l C ity R ailw ay C o .—
F irst m tge on real estate & / 1882
6 g A -O
224.000 A pril 1 1932
horse-ca r fra n ch is e -------- \ E xch an geable at 105 for first c o n s o lid a te d .
F irst con sol m tge g o ld .......... 1884
6 g A -O
4 5 6 ,0 0 0 O ct. 1 1 9 3 4
C ab con s gold (see t e x t ) ------- 1887
5 g J-J 15
3 ,7 0 8 ,0 0 0 Jan. 15 1 9 3 7
M in n e a p o lis A S t. P a ul Suburban R y .—
1st M g $ 50 0,00 0, gu ar b y f
1899
5 g M -S
500 ,0 0 0 S e p t. 1 1924
T w C y R T A St P C y .c * ] Interest at Cen tral T ru s t C o ., N . Y . , T ru stee
M in n St. A St. P a u l C ity R y —
J oin t Issue general m o r tf
1901
5 g J -J
656 ,000 Ja n . 1 1 9 1 1
$ 1 ,0 0 0 ,0 0 0 ( $ 1 , 0 0 0 ) g . . C l i n t , pa y a b le at C entral T r . C o ., N . Y . , T ru s.
J oin t con sol m tg e $ 1 0 ,0 0 0 ,-/ 1903
5 g A -O
8 ,7 1 8 ,0 0 0 O ct. 1 1 9 2 8
0 0 0 ($ 1 ,0 0 0 )g u p A I -.e * !C e n t r a l T ru s t C o. o f N ew Y o r k , T ru stee.
A ll b on d s are for $ 1 , 0 0 0 e a ch , an d , w ith the e x c e p tio n o f the M in neapolis
A St. P aul S u b u rban R y . and the tw o Joint Issues (o f 1901 and 1903),
Interest Is p a y a b le at F arm ers’ Loan A T ru st C o .. N ew Y o r k .
S tu ck.— In M ay 1902 sto ck h o ld e rs w ere given at p ar $1,5 0 1 ,0 0 0 ad d ition al
s t o c k (V . 7 4 , p. 103 9 ), In Jun e 1905 $1,0 0 0 ,0 0 0 at par (see V . 8 0 , p. 2400)
an d In June 1906 $2,1 0 0 ,0 0 0 at p ar (see V . 8 2 , p . 1 2 6 9 ). T h is la st m akes
o u ts ta n d in g s t o c k $ 2 0 , 1 0 0 ,0 0 0 .
D iv id en d s.— All d iv id e n d s o n p referred t o and In clu d in g Jan . 2 1909
(1 H % ) have been p a id .
First d iv id e n d o f 1 % w as p aid on the c o m m o n
s to c k in A u g . 1899; In 1900. 3 % ; In 1901, 3 4 % : In 1902, F e b ., 2 % ch a n g ed t o qu a rterly and 1 M % paid M ay 1902: A u g ., 1 44 % ; N o v ., 1 u %■
In 1 9 0 3 . 5 % : In '9 0 4 . 5 % ; In 1905, 5 % ; In 1906, 5 % : in 1907, 5 % : In 1908
5 % ; In 1909, F e b ., 1 M % .
’
B on d s.— T h e M in n ea p o lis Street R ailw ay C o . Jointly and se verally w ith
th e M in neapolis L y n d a le A M in netonka R a ilw a y C o ., issued $ 5 ,000,000 5 %
3 0 -y ea r first m ortg a g e and first co n s o lid a te d m o rtg a ge gold b o n d s, o f w h ich
9,000 are held$710,
In trust b y the F arm ers' Loan A T ru st C o m p a n y to
redeem the $71 0,00 0 p rio r Hen b on d s.
See sta te m e n t t o N ew Y ork S to ck
E x ch a n g e In Jun e 1895
T h e con sois are also listed In L o n d o n V .6 0 ,p. 1 1 4 9 .
T h e St P a u l C ity R ailw ay C o. has Issued $ 4 ,3 8 8 ,0 0 0 5 % 50-year cable co n
solidated bonds (In cluding $ 6 8 0 , 0 0 0 held b y th e F arm ers’ Loan A T rust C o.
tru stee, t o redeem th e $680,000 prior lien b o n d s a b o v e ), lim it fixed b y this
m ortg a g e w as $ 5 ,5 0 0 ,0 0 9 , b u t b y th e Joint co n s o lid a te d m ortg age o f 1903
n o fu rth er u n d erly in g b o n d s can he p u t o u t . V . 7 7 , p 2281.
Part o f these
ca b le c on sols ($ 1 ,1 3 8 ,0 0 0 at latest date) are gu a ra n te e d , principal and In
terest, b y endorsem en t o f T w in C ity R a p id T ran sit C o . See statem en t to
N ew Y o r k S to c k E x ch an ge In June 1895.
V . 69, p 1150. O f the first c o n
solid a ted m ortg age o f the S t. Paul C ltv . $224,000 w ere held Jan . 1902 b y th e
F a rm ers’ Loan A, T r .C o . to be e xch a n g ed fo r th e $22 4,00 0 first m tg e .b o n d s
jf».The M in n e a p o lis s tre e t R y . A St. Paul C ity R y . co n so lid a te d m ortg age o f
1903 Is a J >lnt .ssue o f the M inneapolis Street R y . and the St. Paul C ity R y
$ 3 ,5 0 0 ,0 0 0 were t o relm b u -se T w in C ity R a p id T ra n sit Co In patt. for ex’ p en d ltu res m ade for a d d itio n s t o road s, p lan ts and e q u ip m e n t. $1,000 000
w ere reserved ($ 344,000 o f th is a m o u n t have been Issued) t o retire th e Joint
general m ortg a g e o f 1901. w hich th e new m o rtg a g e binds the c o m p a n y to
p a y a t m a tu rity .
R est reserved for new c o n s tr u c tio n , a d d itio n s and Im
p r o v e m e n ts at 9 0 % o f c o s t. G uaranteed as t o prin cip a l and Interest b y
en d orsem en t b y T w in C ity R a p . T ra n . Co. (see V . 77 p. 2281 and 2340)
N o u n d e rly in g b on d s can be e x t e n d e d . but m u st be paid o lf at m a tu rity
"
i P R O A D . — C on sists o f 3 63 .87 m iles o f s ta n d a rd -g a u g e r o a d . Inclu din g three
In terurban lines c o n n e c tin g the business cen tres o f M inneapolis and St Paul
an Interurban line o f 22 m iles c o n n e c tin g S t. P aul an d S tillw ater, and lines
t o L a ke M in n eton k a.
O n th e p rin cipa l streets o f the cities 0 0 -lb . T rail w ith w elded Joints and
Im b ed d ed In c o n c r e te was used.
P o w er.— T h e c o m p a n y leases w a te r-p o w e r at S t. A n th o n y ’s Falls (ca
p a c ity 10.000 h .- p .) , w hich pow er Is n o w used In c o n ju n c tio n w ith p o w e r
gen erated a t new steam p o w e r plan t t o run th e en tire railw ay system In
b oth c ities . See V . 64. p . 704.
L A T E S T E A R N I N G S .— F o r 11 m o n th s e n d in g N o v . 30 1908. gross.
$ 5 ,8 4 6 ,5 4 1 ; n e t. $2 ,9 4 8 ,8 4 3 ; ch arges, $ 1 ,4 2 7 ,4 5 5 ; su rp lu s, $ 1 ,521,388 - In
1 90 7, gross, $ 5 ,5 5 2 ,8 7 9 ; n e t, $ 2 ,8 5 2 ,4 4 5 ; c h a rg e s, $1 ,3 0 0 ,5 2 5 ; surplus,
$ 1 ,5 5 1 ,9 2 0 .
T o t a l o p e r a tin g ............................................$ 2 ,9 8 0 ,4 3 6
$ 2 ,675,379
$2,1 1 9 ,1 4 5
N et e a rn in g s____________________________ $3,0 7 5 ,3 0 7
In terest and t a x e s ......................................... $1,223,171
D iv id e n d s on preferred s to c k ( 7 % ) __
2 t o ,000
D iv id e n d s o n c o m m o n s t o c k (5 % ) ------- 1,005 000
$ 2 ,969,609
$1,137,427
210,000
952,500
$2,0 4 0 ,1 1 7
$ 1 ,0 5 0 ,7 9 7
2 1 0 ,0 0 *
881 ,388
T o t a l ................................ ............................$2,438,171
B a la n ce , s u r p lu s ________________________ *$63 7,13 0
$ 2 ,299,927
*$669,682
$2,1 4 2 ,1 8 6
* $ 49 7,93 2
* In 1907 $506,000 w as a p p ro p ria te d from this a m o u n t fo r renew al fu n ds
against $432,000 In 1906 and $34 0,00 0 In 1905.
O F F I C E R S .— P r e s ., C a lvin G. G o o d r ic h ; V .- P . A G en . M gr W m J
H le ld ; S e c. A C o m p ., E. S . P a t t e c ; A n d ., D . J . Strou se- T re a s
E ’ AC r o s b y .— V . 86, p. 287 , 422 , 5 9 9 : V . 8 7 , p . 1480; V . 8 8 , p . 507.
MOBILE, ALA.
MOBILE L i a m
& R A I L R O A D — T r o lle y .
O R G A N I Z A T I O N .— A co n s o lid a tio n on S e p t. 1 1901 o f th e M obile L ig h t
A R a ilroad and th e M obile Street R R .; th e franchises o f b o th co m p a n le *
w ere e x te n d e d o n S e p t. 12 1901 t o M arch 12 1955. See V . 73 p . 616
STOC K A N D B O N D S —
D a le.
Interest. O utstanding.
M a tu ritu
____ . .
$ 2 ,2 5 0 ,0 0 0 ...............
S to c k , $ 2 ,2 5 0 ,OPO (pat $ 1 0 0 ) . . ____
First m o rtg a ge gold ($1,000) .1 1897
5 g .T -D
400 ,000 J u ly 1 1 9 3 7
\ In t. at F a rm ers L oa n A T ru s t C o ., N . Y
M o b ile Street R R first m t g e f 1893
5 g M -N
3 00 ,000 M ay 1 102$
g o ld , $ 3 5 0 ,0 0 0 ___________c* ( F a rm ers’ L oa n A Trust C o ., N . Y . , T r u s te e .
(In te r e s t at N a tio n a l C ity B a n k , N ew Y o r k .
C on solid ated m o rtg a g e , g o ld / 1901
5 g M -S
1,3 8 1 ,0 0 0 S e p t. 1 1941
($1,000) $2,250,000
o * !I n te r e s t at N ew Y o r k T ru st C o ., N . Y . , T r u s .
B o n d s .— O f th e $ 2 ,2 5 0 ,0 0 0 m o rtg a g e , $70 0,00 0 reserved fo r p rior lien s;
$69,0 w) are In treasu ry o f e o m n a o v .
E A R N I N G S .— F o r c a le n d a r y e a r 100 8, g ro ss, $ 5 6 3 ,7 2 8 ; In 190 7, g r o s «,
$ 6 1 4 ,7 4 4 ; in 1906, gross, $55 4 ,4 7 1 .
R O A D , A c . - o w n . i s . i i nu s o f track in M oh'le and e x te n sio n s to M a g a
zin e P o in t , S prin g H ill, W h is tle r and M onroe P a rk . C o m p a n y also ow n s
‘ ‘ M on roe P a r k " an d w ater p o w e r and 320 acres o f lan d.
O F F I C E R S .— P res.. J. H. W ilson ; S e c. an d A u d ., L lo y d L y o n ; T r e a s .,
C. W h it e S p u n n e r .— V . 86, p . 1529.
MONMOUTH, ILL.
P O C K IS L A N D S O U T H E R N R A I L R O A D C O .— An e le ctr ic an d steaaa
road.
O R G A N I Z A T I O N .— In c o r p o r a te d In Illin ois u n d er th e steam railroad
law on A pril 25 1905.
H as p riv a te rig h t o f w a y b etw een citie s.
S T O C K A N D BON O S .—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $ 3 ,0 0 0 .0 0 0 .............................................. .......$500,000
1st m tge $ 2 ,5 0 0 ,0 0 0 g o ld ] 1907
5 g J-J
400 .0 0 0 Jan
11947
($1,000)
................. ........... / In t. at A m e r. T r . A S a v . B k . C h ic a g o , T ru s .
B o n d s.— A d d itio n a l b o n d s m ay he Issued o n ly fo r 60 % o f c o s t o f p r o p e r t y
d u rin g co n s tr u c tio n and 25 % a d d itio n a l w hen n et earnings are 1 Jj tim es
Interest o n b on d s Issued aud to be Issued.
B on d s are s u b je c t t o call a fte r
5 years at 105 and Interest. See V . 84, p . 104.
R O A D - I s b u ild in g a road t o c o n n e c t M o n m o u th , G alesbu rg , M olin e and
R o c k Isla n d . T h e se ctio n from M o n m o u th t o G alesbu rg 16 m ile s , has
been co m p le te d .
In A u g . 1908 m ade a c o n t r a c t w ith R o c k Isla n d C o .
fo r a lease o f 20 m iles o f their road to R e y n o ld . Inclu din g term in als. R e
m a in d e r o f road to M o n m o u th o r G a le s b u ig , to b e b u ilt s o o n . 7 5 -lb . rail*.
Is o p e r a te d b y e le c tr ic ity fo r passengers an d b y steam fo r fre ig h t.
O F F I C E R S .— P r e s ., M. A . W a lsh .
V . 8 4 . p . 52, 104.
MONTGOMERY, ALA.
M O N T G O M E R Y T R A C T IO N C O .— A tr o lle y r o a d .
In N o v . 1908 c o n tr o l c h a n g e d h an d s, R ich a rd TlUIs o f M o n t g o m e r y
b u y in g o u t th e P h ila d elp h ia s y n d ic a te w h ich h eld c o n tr o l.
V . 8 7 , p . 1 35 8.
In 1909 s to ck w as d e cre a se d fro m $ 2 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ( V . 8 8 , p .
375) and fu n d e d d e b t re d tice d to a m o u n t sh ow n b e lo w .
S T O C K A N D B O N D S .—
D a te.
Interest. Outstanding.
M a tu r ity .
S to c k $1,0 0 0 ,0 0 0 ($1001.......... ......................................
$ 1 ,0 0 0 ,0 0 0 .......................
1st m tg e $ 1 ,0 5 0 ,0 0 0 ($1,000)1 1905
5 g A -O
7 0 0 ,0 0 0 A.prll 1 1955
g o ld sinking f u n d ____ c * /I n t . at R eal E st. T r u s t C o .. P h lla ., T ru stee
M o n t. S treet R y 1st m tg e ! 1893
6 g F -A
350 ,000
1923
$33 0,00 0 g o ld ............... ............/I n t. at F arm ers L. A T. C o . , N. Y ., Trustee.
B o n d s.— O f the M on t. T ra c. C o ., b o n d s, $ 3 5 0,00 0 are reserved fo r p rior
liens. A sin kin g fu n d o f 1 % o f b on d s o u tsta n d in g co m m e n ce s In 1911 an d
runs to 1920, th erea fter 2 % per a n n u m .
B on d s are n ot s u b je c t t o c a ll.
R O A D . - O perates a b o u t 41 m iles o f H a ck In M on tg om ery an d to P ic k e tt
S prings.
S tand ard ga u g e: 70 lb . T and 05 lb . girder rail
O F F I C E R S .— P re s., R a y R u sh to n ; S e c ., H . F . C ren sh aw .— V . 81, p.
1702; V . 8 2 , p . 9 2 9 ; V . 87, p . 1358; V . 88, p . 3 7 5.
MORRISTOWN, N. J.
A lO R R IS C O U N T Y T R A C T IO N .— A n e lectric roa d .
O R G A N I Z A T I O N .— I n c o r p o r a te d
In N e w
Jersey
In
g iv e s c o m p a n y r ig h t o f e m in e n t d o m a in .
B u ilt m o s t ly on
w ay.
Fran ch ises t h r o u g h t o w n s a r e p e r p e t u a l .
1899. Ch arter
p riv a te rig h t o f
STOCK AN D BO N D S—
D a te.
Interest. O utstanding.
M a tu rity .
S to c k , c o m . $ 3 ,0 0 0 ,0 0 0 ($100) ................................
$83 2,50 0 .............
1st m tg e , $ 3 ,0 0 0 ,0 0 0 ( $ 1 , 0 0 0 ) / 1905
5 g J -D !5
1 ,432 ,000 J u n e lB 193*
g o l d ........ ..........................c * A r \ T r u s t C o. o f A m e rica , N . Y . , T ru stee.
In t. at N at. Iron B a n k , M orristow n .
B o n d s.— A re s u b je c t t o call a t 110 an d Interest.
E A R N I N G S . - F o r c a le n d a r y ear lJU 7, gross, $67 ,092 ; n e t, $ 2 0 ,1 2 8 : la
1906. gross. $51 ,0 4 8 ; n et. $2 8 ,1 3 8 .
R O A D .— Is t o bu ild 75 m iles o f road from E liza b e th . N . J ., t o N c t c o n g ,
w ith a bran ch from D e n v llle t o P a terson and o th e r bran ch es. T h ir ty m iles
o f road has been co m p le te d and 15 m iles are be in g o p e ra te d .
G au ge, 4 f t.
8 U In
70 1 1 1 . T rail In e n u n t' v . 8 0 -lh . gird er In cities.
O F F I C E R S .— P re s ., D a v id G rln g, N e w p o rt, P a .. S ec. A T r e a s ., A . XT.
D u n k le , H a rrisb u rg, P a .; G e n . M g r ., R . M . G rln g, M orristow n .
MOUNT HOLLY, N. J.
B U R L IN G T O N C O U N T Y R A I L W A Y C O — T ro lle y .
O R G A N I Z A T I O N .— Is a co n s o lid a tio n In A u gu st 1904 o f th e B u rlin g ton
C o u n ty Traction C o ., th e M ou n t H olly S treet R y . and the P e o p le ’s T r a c tio n
C o.
V . 79, p .7 8 5 .
F ran ch ises arc fo r 99 years fr^rn 1902
S T O C K A N D B O N D S .—
D a te.
Interest, ou tsta n d in g.
M a tu r ity .
S to c k $55 0,00 0 ( $ 1 0 0 ) ...........................
- .............
$484,790 .......................
1st m tge $550,000 g o ld ($3001 1904
5 g M -S
475 .000 S e p t 1 1934
and $ 1 ,0 0 0 )........................ c *I I n t. a t M t. H o lly S . D A T ru st C o .. T ru ste*
B on ds — $75 ,000 reserved fo r e x te n s io n s . B o n d s are n o t s u b je c t t o c a ll.
V . 7 4 . p. 1307.
E A R N I N G S .— F o r ca le n d a r y e a r 1908, gross, $56 ,307 ; n e t, $ 10 ,479 ; In
1907, gro ss, $55 ,0 4 5 ; n e t, $ 8 ,1 9 0 ; In 1006, gross, $6 2 ,7 0 8 ; n e t, $ 1 5 ,6 5 8 .
R O A D .— .A bout 15 m iles o f tra ck fro m B u rlin g to n , th ro u g h M t H o lly
an d H a ln e sp o rt, t o M oorestow n.
O F F I C E R S — P r e s ., H . M . R o u g h e r, P h lla .; V . - P . , W m . 0 . P a r r y .
H a ln e s p o rt, N . J .; S e c . A T r e a s ., J o h n S . G ilb e rt, H a ln e sp o rt. N . J . —
V . 74, p . 1138; V . 7 9 , p . 78 5 , 2146.
MUSCATINE. IOWA.
M U S C A T IN E L IG H T & T R A C T IO N C O .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d In N ew Jersey on A u g . 20 1006, and
co n tro ls the C itizen s’ R y . A L igh t C o . (In co rp o ra te d A p ril 1902). w hich
operates the gas, ele ctrlc-llg h t an d street railw ay business o f the c it y .
V . 8 3 , p . 1171. F ra n ch ises run u n til 1929.
69
ELECTRIC RAILWAYS
F e b ., 19 09 .)
S T O C K A N D B O N D S .—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k $60 0,00 0 ( $ 1 0 0 )............... ............
...............
$ 0 0 0,00 0 .......................
C itizen s' R a ilw a y & L igh t 1st) 1002
5 g A -O
308 ,0 0 0 A p ril 1 1017
m ortg a g e
$ 4 0 0,00 0 gold l i n t , a t C levelan d T ru st C o .. C le ve la n d ,
($500) -----------------------------c * j
T r u s te e , o i at N a t. B k . o f C o m m e rce , N Y .
N ew
m ortg age
$ 1 ,0 0 0 ,0 0 0 ) 1000
5 g M -S
425,000 S ep t 1 1 9 2 6
c * j In t. at M ich. T r . C o .. G rand R a p id s , T ru stee
g old ($1 0 0 0 ) .................
B on d s.— O f th e n ew $ 1 ,0 0 0 ,0 0 0 Issue, $ 4 0 0,00 0 are reserved fo r p rio r lien
a n d $175,000 fo r fu tu re Im p ro v e m e n ts . T h e y are s u b je c t t o call at any
tim e a t 105 and Interest. See V . 83, p . 1171.
T h e C lt. R y . & L t. C o . b o n d s
are s u b je c t t o call on a n y Interest d a te at 110 and Interest. A sinking fu n d ,
co m m e n cin g In 1907, con sists o f a sum s u fficie n t t o retire $15 ,000 b o n d s
y e a r ly at 105 an d Interest; $ 32 ,000 retired to d a te .
• E A R N 1N G S . — f o r c a le n d a r y ear 1007. gross, $142,293; net $47,104
• R O A D .— O perates 12 m iles o f tr a c k .
7 0 -lb . T rail. S tan d ard gauge.
30 ca rs , 20 m o t o r and 10 tra il.
O w ns 25 m iles o f gas m ain s and 35 m iles
o f electrle-llgh t lines.
O F F I C E R S .— P r e s ., E rn est A. S to w e ; V . - P . , W . H . G ay; S e c ., H ow a rd
A . T h o rn to n ; T r e a s ., R a lp h S. C hild; M g r., E . M . W a lk e r.— V . 85, p . 40.
MUSKOGEE
OKLA.
A1U SKO GE E E L E C T R IC T R A C T IO N C O .— A trolley r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In 1904 In In d ian T e r r ito r y .
S T O C K A N D B O N D S .—
D a te.
Interest. O utstanding.
M a tu r ity .
S to c k $245,800 ($ 1 0 0 ).........................
....................
$245,800 .......................
1st m tg c $50 0,00 0 gold ($500 \ 1905
5 g A -O
250,000
1925
&
$1,000) red 1915 at 105c* JInt. at C olonial T ru st C o .. N . Y . . trustee.
R O A D .— O perates 14 m iles In and a ro u n d M u sk ogee. S tan d ard g a u g e ,
70 and 0 0-lb T rail.
O F F I C E R S .— P res, an d G en. M g r., W illis E . F e rtlg; V . - P . , R . D .
B en son ; S ec. & T r e a s ., N . A . G ib so n ; S u p t., R D . L o n g .
m u sk e g o n
T
m io h
.
M U S K E G O N T R A C T IO N & L IG H T IN G C O .—
In Jan . 1906 en tire s to c k w as a cqu ired b y the A m erica n L ig h t & T r a c tio n
O R G A N I Z A T I O N .— In c o r p o r a te d In M ichigan o n M arch 1 1901, and Is
a co n s o lid a tio n o f th e street ra ilw a y, e lectric ligh t <ind gas co m p a n ie s o f
th e c it y .
H as 10-year c o n tr a c t fro m 1901 fo r c it y street ligh ts. In D e c.
1905 street railw ay fra n ch ise e x te n d e d until J a n . 19 1931 an d th e gas
fra n ch ise fo r 5 years. See V . 81, p l 7 2 4 .
STOCK A N D BO N DS—
D a te.
Interest.
Outstanding.
M a tu r ity .
S to c k $ 6 0 0,00 0 ( $ 1 0 0 ) ........................................ - ............
P referred $ 1 0 0,00 0 6 % c u m . . --------6
63,000
Sec te x t
F irst m ortg a g e $ 6 0 0,00 0 g o l d / 1901
5 g M -S
6 00 ,000 M ch 1 1931
_________ (In te r e s t a t W y o m in g V a lle y
T r u s t C o .,
($1 000)
1 W ilk e s -B a rre , P a ., T ru ste e .
B on d s.— M ay b e called a fte r ten years a t 105.
D ivid en d s.— O i pref. s to ck In 1902, 6 % ; in 1903, 6 % ; In 1904, 6 % ; In
1905, 6 % ; In 1906, 6 % ; In 1907, 6 % ; In 1908, 6 % .
R O A D .— O w n s 15 m iles o f road and serves as a term inal fo r th e G rand
R a p id s G rand H aven & M uskegon R y ., w h ich op erates 40 m iles o f tra ck
betw een p oin ts in d ica ted In the title .
O F F I C E R S .— P r e s .. H . C . A b e ll; V . - P . , E m erson M cM lllIn; S e c . an d
T r e a s ., D a v id D . llr w ln , M u sk e g o n .— V . 8 1 , p . 1724; V . 8 2 , p . 49.
NASHVILLE!, TENN.
N A S H V IL L E R A I L W A Y & L IG H T C O .— S treet ra ilw a y an d ligh tin g
s y s tem .
O R G A N I Z A T I O N .— In c o r p o r a te d In T en n essee on Jun e 26 1903.
Is a
reorgan ization of the N ashville R a ilw a y C o ., s o ld u nd er fo re clo su re o f the
la tte r 's 1st co n s o l, m t g c . 'I h e N a sh ville R y . w as a c o n s o lid a tio n In 1900
o f th e N ash ville S treet R a ilw a y , th e N a sh ville & S u b u rban an d th e O ltlaens' R a p id T ia n s lt , th e C u m b erlan d E le ctric L igh t & P ow er an d the
U n ion L ight & P ow er C o. O w ns and op erates all the street railw ays and
d oes entire com m ercia l ele ctric-lig h tin g business in N ashville.
Franchises
p erp etu a l.
Isid ore N ew m an & S on o f N ew Y o rk an d N ew O rleans are fiscal
agen ts.
S T O C K A N D B O N D S .—
D a te.
Interest. Outstanding.
M a tu rity .
O oiu m on $ 4 , t 9 9 , « 0 9 . ...........................
...............
$3,9 7 9 ,8 0 0 ......................
P ref 8 % cu m $2,$00 ,9 9 0
.. . ,
J-J
2,468 ,9 0 0 J a i.'0 9 2 H %
C itizen s' R a p id T ran sit 1st] 1890
6 g J -J
60,000 J u ly 1 1 9 1 0
m ortg a g e $19 9,96 0 g old
. j l n t . at T ru st C o. o f N o r. A m ., P h ila d elp h ia .
M cG fic Vtt V H orse R R 1st M . 1886
6
J -J
65,000 J u ly 1 1 9 2 6
do
2d series _________ 1887
6
J-J
485 ,000 J u ly 1 1937
N ash ville <fc E d gefleld 1st m tg c 1886
6
J-J
99,0 0 0 Jan 1 1 9 1 7
C ansol m tge $ ;9 » ,t ) 0 » . . .
1890
6
J-J
274 ,000 Jan 1 1920
N a sh ville St B y 1st at rtg g e l
1895
5 g J -J
907 ,000 Jan 1 1925
$2,0 0 0 ,0 0 0 gold ( $ 1 ,0 0 0 ) ..J l n t . on a b o v e 5 Issues pa y a b le In N ew Y o r k .
N ash R y & L| co n s o l ir t g e ) 1903
5 g J -J
4 ,0 5 4 ,0 0 0 J u ly 1 1953
$ *,0 0 0 ,0 0 9 gold ($1,000) i n t e r e s t a t G u aran ty T ru st C o ., N . Y . , T ru s.
slak in g fu n d ........................ c * l
N ash R y & L t ret & n i t m tg c f 1908
5 g J -J
1 .555,000 J u ly 1 1958
$ 1 5 ,000 ,00 9 ($5 9 9 . $ l ,0 0 0 H I n t at G u a ra n ty T r . C o ., N . Y ., T ru stee.
g ' l d _ _ .....................................c* t o r a t N ashville T ru s t C o ., N ash ville.
B on d s.— T h e N aahy. R y . & L t . con sols o f 1903 are s u b je c t to call o n
a n y Interest d a te om 60 d a y s ’ n o tice at 107 H N o m ore c a n b e Issued
a a c e p t $56,000 n ow in treasu ry. S in k in g fund $30 ,000 p e r an n u m , c o m
m ences J u ly 1 1 9 1 $ ,b u t o n ly If c o m p a n y has a surplus a b o v e charges and
d lv . o n p ref. s to c k : b on d s to b e k e p t aliv e In sinking fu n d . O f th e new
r o f. and e x t . b o n d s, $ 9 ,0 0 0 ,0 0 0 are reserved fo r p rio r liens; $445,000 are
1* treasury o r s u b je c t to Issue a t o p tio n o f c o m p a n y , and $ 7 ,0 0 0 ,0 0 0 m a y b e
Issued, at th e rate o f $1,000 fo r each $1,250 e x p e n d e d , fo r fu tu re Im p ro v e
m en ts and e q u ip m e n t, n o t o v e r $ 7 0 0,00 0 to b e Issued In a n y ca le n d a r y e a r,
and s u b je c t to ceratln oth e r c o n d itio n s .
B o n d s c a n n o t b e ca lle d
S in k in g
fu n d o f VS o f 1 % o f ou ts ta n d in g b o n d s starts N o v . 1 1918, b o n d s In sinking
fu n d bein g k ep t a liv e. See particu lars o f b o n d s , p r o p e r t y , & c ., in V . 87,
p . 227 .
D ivid en d s.— T h e first d iv id e n d on pref. s t o c k — 2V S% — w as paid Ja n . 1
1605 and 2 VS % each alx m on th s sin ce, to and Including Ja n . 1909.
R E P O R T .— Y ears en d in g D ee. 31:
N et, after
Y ear—
Grass.
T a xes.
Interest.
S u rp lu s
1908
.$ 1 ,5 9 7 ,0 3 0
$642,733
$39 3,09 9 '* $ 2 4 9 ,6 3 4
1907 . . .................................
1,578,207
609,102
351 .902
254 ,200
1906 ..............
1,395,234
583,395
331,514
251,881
1905 ............................
1,174,377
483 ,815
298,741
185,074
* O u t o f surplus th e c o m p a n y has s e t a sid e r eserve fu n d s fo r d e p r e c ia tio n ,
• • n tin gen t dam ages, A c .
ROAD.
O perates 81 m iles o f tra ck .
H as been ch an ged fro m b ro a d to
stan d ard gau g e. 70 to 100-lb. T and girder rails. 228 cars.
O F F I C E R S .— P res, and M gr., P e rcy W a rn er; V .- P ., J . C. B r a d fo r d ;
S ec. and T r e a s ., H . O. W a lte rs .— V . 86, p . 1529; V . 87, p . 3 8 , 227 .
NATCHEZ, MISS.
S O U T H E R N R A I L W A Y & L IG H T C O — S treet ra ilw a y ,'g a s an d e le ctr ic .
O R G A N I Z A T I O N .— In c o r p o r a te d In 1908 and to o k o v e r Sou th ern
L ig h t & T r a c tio n C o ., sold at r e ce iv e r’s sale (receivership and sale o f latter
• om p a n y bein g th e result o f a d ecision o f Mlssl ••ppl co u rts w h ich fo rce d
S ou th ern E lectric S ecurities C o ., co n tr o llin g th e S ou th ern L ig h t & T r a c t io n ,
t o dispose o f Its h oldin gs In th at c o m p a n y . V . 8 5 , p . 1144.)
Sou th ern
L ig h t & T r a c tio n C o . was a co n s o lid a tio n o f th e N a tch e z E le c tr ic S treet
A P o w e r C o ., the N a tch e z L ig h t, P o w e r & T ra n sit C o . and th e N a tch e z
<Jas L ig h t C o .
Gas fra n ch ise p erp etu al; street railw ay an d ele ctric ligh tin g
fra n ch ises ex p ire In 1949.
D oes the entire street r a ilw a y , gas, e le ctrlcH ghtlng and p o w e r business o f N a tch e z .
H as c o n tr a c t w ith c it y fo r street
ligh tin g w hich expires In 1914.
STOCK A N D BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k , $4.'i0,700 ( $ 1 0 0 ) ......................................................
$456,700 .......................
S o . L t . & T r a c t. 1st m $500,-1 1903
5 g A -O IS
335 ,000 A p r 15 1933
000 g ( $ 1 ,0 0 0 )-----------------c ’ l l n t . at In te r -S ta te T r . & B k g . C o ., N ew
jO r le a n s , T r u s te e , o r at First N a t. B k ., N . Y .
B on d s.— $160,009 are reserved fo r b e tte rm e n ts an d e x te n sio n s. A r c s u b
je c t to call o n o r a fter A p ril 15 1906 a t 105 an d Interest. $ 5 ,000 h a v e been
retired . See ▼. 7 * , p . 1086.
E A R N I N G S .— F o r 12 m o n th s e n d in g Jun e 30 1908: G ross, $ 1 2 0 ,7 .6 ;
M t , $41 .565.
R O A D .— O perates a b o u t 7 m iles o i tra ck .
O F F I C E R S .— P res., 1.. H . D in k in s, N ew O ilc a n s ; V . - P . , S ol. W c x le r ,
N ew O rleans; S e c .. A l e v A llison , N ew O rleans; T r e a s ., A . G . C a m p b e ll,
N a t c h e z — Y . t » , p . 1591.
NAZARETH , PA.
SL AT E B ELT ELECTRIC STREET R Y .— A trolley road.
C o m p a n y is u n d e rg o in g a r e o rg a n iz a tio n , p articu lars o f w h ich are n o t
y e t a v a ila b le .
O R G A N I Z A T I O N .— In e o r p o ia t e d In P e n n s y lv a n ia o n F eb 14 1809.
W a s fo rm e rly leased t o the Lehigh Valley T raction C o ., b u t lease ca n celed
o n M a y 10 1904, o w in g to d e fa u lt In p a y m e n t o f re n ta l. In J u ly 1908
m a d e o p e r a tin g agreem en t w ith L eh igh V a lle y T r a n s it C o . fo r Joint o p e r
a tio n o f line b e tw e e n B e th le h e m , N azareth an d B a n g o r .
S T O C K A N D B O N D S .—
D a te.
In terest. O utstanalng.
M a tu rity .
S to ck $3 6 0 ,0 0 0 ( $ 5 0 ) ...................................................
$36 9 ,0 0 0 ......................
1st m o rtg a g e $ 3 6 0,00 0 g o ld ! 1808
5 g J U
360 ,0 0 0
1929
($1,000) _______
. . . .c & r j In t. at L e h igh V a l. T r .& S .D .C o .,A lle n t ., f r .
B o n u s .— A re s u b je c t to call a fte r 5 years a t 105.
E A R N I N G S .— F o r fiscal year e n d in g M ay 30 1907, g ro s s . $62 ,544 .
R O A D .— O p erates 18 m iles o f tra ck fr o m N azareth t o B a n g o r. 6 7 -lb .
rails. 11 cars.
O F F I C E R S .— P r o s ., G eorge K . M osser; S e e .. H u b e r t E . R o g e r s ; T r e a s .,
W a lte r M . K e c k ; G e n . M g r .. D ennis G erb erlch .
N E W A R K , N . J.
PU B LIC S E R V IC E COR PO R ATIO N OF N. J.— Street railway, gas and
e le ctr ic .— (S ee m ap on pages 64 and 65.)
O R G A N I Z A T I O N .— I n c o r p o r a te d In N ew J ersey o n M a y 6 1903 an d
c o n t r o ls , th ro u g h o w n ersh ip o f s to c k the P u b lic S e rvice R w y . , th e O range
& P a ssa ic V a lle y R y . and th e U n ited E le c tr ic C o . o f N . J. T h e s to c k h o ld e r s
o f the t w o c o m p a n ie s last nam ed and also th e s to c k h o ld e r s o f ce rta in o f th e
co m p a n ie s o u t o f w h ich th e P u b lic S e rvice R w y . w as su b s e q u e n tly fo rm ed
(n a m e ly th e N o rth Jersey S tre e t R w y ., the Jersey C ity H o b o k e n & P a te r
son S t. R w y . and th e E liz a b e th P lain field & C en tral N ew J ersey R w y .)
were given c e rtifica te s describ ed b e lo w In e x ch a n g e fo r th eir s t o c k .
H o ld ers
o f these tru st certifica tes (as also sh a re h o ld e rs o f th e fo u r leased p roperties)
w ere a c c o r d e d th e p rivilege o f su b scrib in g a t p ar fo r P u b lic S e rv ice s to c k to
a m o u n t o f o n e -s ix th th eir h o ld in g s. See p la n In V . 76, p . 865 and also
p . 1249. T h e F id e lity T ru st C o. o f N ew ark fin a n ced th e tra n s a ctio n .
C on trols p r a c tic a lly th e en tire street ra ilw a y business o f N o rth e rn N ew
Jersey and the gas and lig h tin g Interests o f th e gre a te r p a rt o f N ew J ersey .
Leases th e E ssex & H u d so n G as C o ., th e H u d s o n C o u n ty G as C o ., th e
P a te rso n & P a ssla c Gas & E le c tr ic C o ., th e U n it e d E le c tr ic C o . o f N ew
J e rs e y , th e S o u th J ersey G as, E le c tr ic & T r a c tio n C o ., th e S o m e r s e t U n ion
& M id d le se x L ig h tin g C o ., th e N ew B ru n sw ick L ig h t , H e a t & P o w e r C o .
a n d th e G as & E le c tr ic C o. o f B e rg e n C o u n ty .
A lso ow n s e n tire c a p ita l
s t o c k o f th e M id d le se x E le c tr ic L ig h t & P o w e r C o.
In A p ril 1906 the $6,250,000 n o te s g iv e n be lo w w ere Issued t o fin a n ce th e
c o m p a n y s needs d u rin g 1906 and 1907. T h e n o te s w ere u n d e rw ritte n b y
R o b e r t W ln th ro p & C o. an d th e U n ited G as I m p r o v e m e n t C o . V . 8 2 , p . 8 7 0 .
In M ay 1908 crea ted a m o rtg a ge fo r $ 5 0 ,0 0 0 ,0 0 0 to finance presen t a n d
fu tu re n eed s. See details b e lo w a n d also V . 86, p . 1160.
T u n n el Connection with N ew Y o r k .— In A p ril 1906 plans w ere c o n s u m
m a te d be tw e e n tills c o m p a n y an d th e P e n n s y lv a n ia R R . fo r a h igh -sp eed
e le ctr ic line fro m N ew ark d ir e ct t o th e N ew Y o r k term in al o f th e la tte r c o m
p a n y . T h is w o u ld o b v ia te th e n e ce s s ity fo r th e b u ild in g o f tu n n els b y the
P u b lic S e rv ice C o rp o ra tio n . See V . 8 2 , p . 088.
It Is plan n ed to bu ild term in al station s at H o b o k e n and Jersey C ity ,
c o n n e c tin g w ith the D . L . & W . and P e n n . R R . sta tion s re s p e c tiv e ly ,
and also w ith th e tunnels term in a tin g a t ea ch p la ce .
M erg er of SubsidU iries.— In 1907 th e N o rth Je rse y S tre e t R y ., th e J ersey
C ity H o b o k e n & P a terson S tre e t R y . an d th e U n ited Street R y . o f C en tral
N ew Jersey w ere co n s o lid a te d u n d e r th e n am e o f th e P u b lic S e rvice R y . ,
w h ic h see b e lo w .
V . 85, p . 406 an d 470 . T o th e P u b lic S e r v ic e R y . also
h a v e b e e n tran sferred th e leases o f v a rio u s ra ilw a y s fo rm e r ly h e ld b y th s
P u b lic S e r v ic e C o rp o ra tio n .
STOC K A N D B O N D S—
D ate. In terest. O utstandin g. M a tu rity .
S t o c k , $25 ,000 ,00 0 ($ 1 0 0 )............... ..
Q -M 1 $1 2 ,5 0 0 ,0 0 0 D e c3 1 '08.1 %
T ru s t certificates, $ 2 0 ,200 ,00 0/ 1903
S ee t e x t 1 9 .7 1 4 ,1 9 0
P e rp e tu a l
1 F id e lity T ru st C o ., N e w a rk , T ru stee.
C ollateral tru st n o te s , $ 7 ,- f 1904
5 M -N
7 ,2 5 0 .0 0 0 N o v 1 1 9 0 9
250 ,000 ($1,000) g ____ c * i F id e lity T r u s t C o ., N e w a rk , T ru ste e .
(.Interest a t R o b e r t W ln th r o p & C o .. N . Y .
C o n v n o te s , $ 6 ,2 5 0 ,0 0 0 , g o ld f 1906
6 g M -N
6 ,2 5 0 .0 0 0 N o v 1 1909
($ 1 ,0 0 0 ) _________________ c* i F id e lity T ru s t C o ., N e w a rk , T ru ste e .
l i n t , at o ffice o f R . W ln th r o p & C o ., N. Y .
Car tru st c e r t i f ic a t e s ________ 1 1908
6-J J
720 ,0 0 0
See t e x t .
J In t. at F id e lity T ru st C o ., P h lla ., P a .
F irst m o rtg a ge $ 5 0 ,0 0 0 ,0 0 0 . f 1908
5 g M -N
(See text) M ay 1 195$
g o ld ( $ l , o o u ) ...................... c * ( I n t . at F id e lity T ru s t C o ., N ew ark , T ru stee.
I or a g e n c y o f c o m p a n y In N ew Y o r k .
Stock an d B o n d s. — $2,500,000 a d d itio n a l s to c k w as Issued In A p ril 1 90 5,
m a k in g $ 12 ,500 ,00 0 o u ts ta n d in g , all p aid fo r a t p ar In ca s h , an d b y -la w s
o f th e c o m p a n y are m a d e t o p r o v id e th a t th e re m a in in g $1 2 ,5 0 0 ,0 0 0 Is also
t o be Issued o n ly fo r cash a t n o t less th an p a r. T h e trust c e rtifica te s bea r
2 % in terest (d a tin g fro m Ju n e 1 1903) th e first tw o y e a rs, 2>$ % th e t h l r i
y e a r , an d Increasin g b y H % each fo llo w in g y e a r u n til * % Is rea ch ed In th e
te n th y e a r , w h ich Is to be th e rate th e re a fte r.
In terest Is p a y a b le M ay and
N o v e m b e r . T h e F id e lity T ru s t C o. o f N ew ark In J a n u a ry 1905 offered
$ 2 ,0 0 0 ,0 0 0 o f these certifica tes at 110 an d e n d orsed u p o n th em Its a greem en t
t o p a y ea ch y e a r u p t o 1912 an a d d itio n a l a m o u n t o f Interest t o b rin g tha
a ggre ga te stip u la te d rate o f Interest Im m e d ia te ly u p t o 6 % .
See V . 8 0 ,
p . 164. T h e fo llo w in g show s th e term s u p o n w h ich th e s to ck s o f th e c o n
s titu e n t c o m p a n ie s w ere e x c h a n g e d fo r th e tru st c e rtifica te s. T h e s tock s
Total
stock.
$
.15.0 0 0 ,0 0 0
♦Jersey C ity H o b o k e n <Ss P a terson
.20.0 0 0 ,0 0 0
♦ E lizabeth P lainfield & C entral
Jersey R y . C o _________________ . 3 ,000,000
O range & Pa ssa ic V a lle y R y . C o . . 1 ,000,000
.2 0 ,0 0 0 ,0 0 0
N ew
Total ctfs.
certifl-■ i f all stock
Total
deposited. cates. exclianged.
%
i
i
14,2 9 1 ,3 * 9
40
* .0 0 0 ,0 0 0
1 9 ,8 3 9 .* 0 *
35
7 ,0 0 9 ,0 0 0
3 ,000,06#
918 .700
19,894.900
30
30
30
900,000
300 .000
6 ,0 0 0 .0 0 0
20,2 0 0 ,0 0 0
* N o w m erged In the P u b lic S ervice R a ilw a y , w h ich see b e lo w .
T h e tru st d eed p ro v id e s th a t th e s to ck s p le d g e d shall n o t be used so as to
Increase th e c a p ita l s to c k o f a n y o f th e c o m p a n ie s , n o r to cre a te a n y new
Hens u p o n th e re sp e ctiv e co m p a n ie s e x c e p t t o tak e u d e x is tin g d e b t o f a n y
such c o m p a n y o r o f u n d e rlyin g o r su b sid ia ry co m p a n ie s .
T h e co lla te ra l tru st n otes o f 1904 In ta b le a b o v e w ere sold In O c t . 1904
t o R o b t . W ln th r o p & C o ., J . & W . S ellgm a n & C o. and L e e , H lggin son &
C o ., an d w ere Issued to p r o v id e fu n d s fo r e x te n sio n s, Im p ro v e m e n ts , A c .
V . 7 9 , p . 1956, 2457. T h e y are s u b je c t t o call on a n y Interest d a te at 1 0 2 H
and Interest. T h e fo llo w in g b o n d s o f su b sid ia ry c o m p a n ie s h a v e been
d e p o site d w ith th e trustee ns co lla te ra l fo r these n o te s:
N o rth Jersey S t. R y . C o ., 4 % 5 0 -y e a r b o n d ------------------------------------$ 7 ,2 3 0 ,0 0 0
J . C. H o b . A P a t. S t. R y . C o ., 4 % 5 0 -y e a r 1st m tg . b o n d s .......... 1,284,000
U n ite d E le ctric C o. o f N . J .. 4 % 5 0 -y e a r 1st m tg . b o n d --------------683 .000
S om erset U . A M id dlesex L ig h t C o ., 4 % 4 0 -y e a r m tg . b o n d s --------------------------507,000
EIlz. P lain . A C en t. Jersey R y . C o ., 5 % 5 0 -ye a r m tg . b o n d s --------------------------154.000
O range A P assaic V a lley R y . C o ., 5 % 4 0 -y e a r b o n d s .................... 83,000
C entral E le c tr ic C o .. 5 % 4 0 -y e a r c o n s . m tg . b o n d s ----------------------20,000
Som erset L ig h tin g C o ., 5 % 1st m tg . b o n d s ------------------------------------21,000
S o . Jersey G as E l. A T r. C o ., 5 % 5 0 -y e a r 1st m tg . b o n d s ________ 1 ,507,000
E liz. A R a r. R iv e r S t. R y . C o ., 5 % 5 0 -y e a r g e n . m tg . b o n d s ____
19,000
T h e c o n v e r tib le notes o f 1906 are c o n v e r tib le a t o p t io n o f h o ld e r on
M ay 1 1909 Into s to c k o f the c o m p a n y a t p a r.
T h e 1908 c a r tru st certificates m a tu r e $4u,000 s e m i-a n n u a lly , be g in n in g
Ju ly l 1908.
$ 5 0 ,0 0 0 ,0 0 0 M ortaage.— O f th e n ew m o rtg a g e fo r $ 5 0 ,0 0 0 ,0 0 0 , $ 8 ,5 0 0 ,0 0 0
are o u ts ta n d in g , $ 1 3 ,500 ,00 0 are reserved t o retire like a m o u n t o f a b o v e
co llateral and c o n v e rtib le n otes an d $ 7 2 0,00 0 t o retire car tru st certifica tes;
rem ain der arc reserved fo r fu tu re b e tte rm e n ts u nd er fo llo w in g re striction s:
after the first $ 3 ,725,000 a d d itio n a l b o n d s up t o $25 ,0 0 0 ,0 0 0 can be Issued
o n ly w hen earnings e xceed b y 33 1 -3 % the annual Interest on b o n d s Issued,
In clu d in g th ose t o be Issued; rem ain in g $2 5 ,0 0 0 ,0 0 0 can be Issued w hen
earnings e x c e e d b y 5 0 % Interest on b o n d s: Issue prior t o Ja n . 1 1911 n o t
to e x ce e d $25 ,0 0 0 ,0 0 0 : thereafter n o t o v e r $4,5 0 0 ,0 0 0 y e a r ly . V . 86, p .
1160. T h e y are s u b je c t to call on M ay 1 1918 or a n y Interest d a y thereafter
at 107 H on 56 d a y s ' n o tice .
• te a s e s .— In th e fo llo w in g w e sh ow th e c o m p a n ie s held u n d e rle a s e * b y
th e P u b lic S e rvice C o rp o ra tio n , w ith th e ann u al d iv id e n d s ca lle d fo r « n th e
s to ck s o f su ch co m p a n ie s.
70
Thereafter
C om p a n y—
„
„
%
%
%
%
%
% % %
4 4
5
6 7
8 8 8
E s s ex & H u d s o n G as C o _____ 3 4
8 y e a r ly .
H u d s o n C o u n ty G as C o _____ 2
24
3
4 5
0 7 8
8
P a te r s o n & P a ss a ic G as &
E le c tr ic C o
. ...
1
2
24
3 34
4 5 5 5
S o u th Jersey G a s, E le c tr ic A
T r a c t io n C o ------------------------ 3 4
4 4
5
6 7
8 8 8 8
E liz a b e th P la in field A C entral N ew J e r s e y * _______
O ra n ge A P a ss a ic V a lle y a .........................
S om e rs e t U n io n & M id d lesex L igh tin g
_______
C a m d en & S u b u rb a n R a llw a y a ...............................................[ s e e th o se com rm nles
E liz a b e th & R a rita n R iv e r S tre e t R a ilw a y *
'
c o m p a n ie s .
N e w B ru n sw ick L ig h t, H e a t A P o w e r C o . .
G as A E le c tr ic C o . o f B ergen C o u n t y _____
U n ite d E le c t r ic C o. o f N ew J e rs e y _________ _________ _
• T h ese r o a d s h a v e sin ce been m e rg e d In P u b lic S e r v ic e R y
a T h ese road s are n o w leased t o P u b lic S e rv ice R y
1 % was Da'd Jun e 29 1 9 0 7 .1 % w as p aid S e p t. 30
3 0 ? l % n-dD ec° ? l CCi % 1 90 7' lD 19° 8, MarCh 3 1 , 1 % : Ju n e 3 0 , 1 % ; S e p t .
;T - S ? ? , 9 ? /17 *?aIi e,S n 9 regu lar an n u al r e p o r t, b u t In a sp e e ch
b e fo r e th e P lain field B oa rd o f T ra d e o n F e b . 12 1907 P res. T h o m a s N . M cC a rte r s ta te d th a t In 1906 the c o m p a n y earned a little o v e r 5 % o n Its s t o c k —
th ls
a
business o f $ 2 1 ,0 0 0 ,0 0 0 . T h e earnings fo r the ca le n d a r
a » a rovn08 o f t *ie P u 4 ) c '3e.r„v *c® R ailw ay an d leased lines w ere: G ross, $ 1 0 ,
9 8 9 ,9 7 0 : o p e r . e x p en se s, $ 6,209,419 ; n e t, $ 4 ,7 8 0 ,5 5 1 .
O F F IC E R S .
P res., Thos. N . M cC arter: 1st V .- P , G eorge .T R o b e rts*
2d V . - P . . Joh n J. B u rleigh ; S e c .. E d . W . H lne; T reas
/a s h u S b e r r y ; C o m p ., P e r c y S . Y o u n g .— V . 8 6 , p . 1101, 116 0, 128 5, 1410; V . 8 8 ,
P* OO.
United Electric Co
O R G A N I Z A T I O N .— O rganized Jun e 1 1899.
o p T h ^ T fn n 'n o n 907 fo.r 009 y^ ars t0 P u b lic S ervice C o r p o ra tio n . U n d e r
JneeintSd i5 h ?en ri°«f0s 2 * SUrp us
assets o f c o m p a n y w ere d iv id e d a n d a
s p ecia l d iv id e n d o f 5 % w as p aid Jun e 29 1907 (V . 8 5 , p . 4 4 ).
R e n ta l Is
y / K S
£ ear? ’ 4 Zn Io r ne* 1 tw o years an d 5 % th ereafter. V . 8 5 , p . 4 4 .
ThB O N U S - •
1 C orporatlonJ ° w ns n e a r ly a ll o M h ls c o m p a n y 's s to c k .
In terest. O utstanding. ' M a tu r ity .
S t o c k , $ 2 0 ,0 0 0 ,0 0 0 .........................~
------------- $20 ,000 ,00 0 J a n .'0 9 ,U 2 %
1StrS5 OOg:nn.i5 s i ’ nnm000 e o ld ) T1? 90* „ 4, ? J ' D
18,41 8 ,0 0 0 Ju n e *1 1949
5rV) 2 n i?»*i 9 ? ° ■ i ; - g g g - J In t. at N..T/I Itle G uar. A T r . C o .. J .C .. T ru s.
C on L t H eat A P o w $ 1 ,0 0 0 , T1898 „ 5/ J ' D
40 5 ,0 0 0 Jun e 1 1938
000 ($500) g o l d .............
In t. at N .J .T it le G uar A T r .C o ,J .C ., T ru ste e
N o uu
H uudau
son
& rPoow
w
xiu
ii I.t H
n eeat
a t cc
1«U8
O g A -O
384,000
000 OOct
ct 1 1 0 3 ft
5
384
$ 2 , 0 0 0 , 0 0 0 ( 5 1 , 0 0 0 ) _______I m t . a t N .J .T it le Guar ^ I Y C o. J O V r u s
Jersey C ity E lectric L ig h t Co\ 1889
6
J -D
3 1 , 5 0 0 D ee ”l 1 9 0 9
1st m ortg a g e - - - - - . . . jN .J .T l t l e G uar. A T r .C o ., Jersey C ity , T ru s.
B o n d s .- In a d d ition t o th e a b o v e there are $115,000 C on . L t. l i t . & P o w .
° l tru,s^e e * .* } *332 0 0 0 1 st rntge. bon d s are reserved t o retire
th ese $11 o , 000. to g e th e r w ith th e C on . L t . H t. A P o w . and N o . H ud L t
H t. & P o w . b o n d s, on th e fo llo w in g basis: $175 1st m tg e . bon d s fo r $100
p rio r b on d s and $20 In cash . V . 8 5 , p . 4 4 , 288, 415.
*
C O M P A N IE S L E A S E D (B U T N O T O W N E D ) B Y P U B L I C S E R V IC E
C O R P O R A T IO N
Essex & Hudson G as Company.
T h is co m p a n y Is leased t o th e P u b lic S e rv ice C o rp o ra tio n fo r 900 yea rs
fro m Jun e 1 1903. See term s fu rth er a b o v e . T h e U n ited Gas Im p ro v e m e n t
C o . ow n s a m a jo r it y o f the s to c k .
.. O P G -A N iy A T I O N .— I n co rp o ra te d In N ew Jersey In N o v . 1898, and leases
th e N ew ark C on solid a ted G as C o . fo r 999 y ears fro m D ee. 1 1898, at a rental
o f all fix ed ch arges and d iv id e n d s on th e $ 6 , 0 0 0 , 0 0 0 s to c k o f th a t c o m p a n y
c o m m e n cin g at 4 % on J u ly 1 1900 and Increasin g 4 % y e a rly until 5 % Is
reach ed In 1910. th erea fte r 5 % p er an n u m .
STOC K A N D B O N D S —
D a te.
In terest. Outstanding.
M a tu rity
S to ck $ 6 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ................. ..
J -D
$6,500,000
N ew ark C ons G as con s m tg e l 1898
5 g J -D
6 ,0 0 0 ,0 0 0 D ec 1*1648
$ 1 0 , 0 0 0 , 0 0 0 g ( $ 1 , 0 0 0 ) . .c* |
F id e lity T ru st C o ., N ew ark, Trustee
N ew ark G as 1st in tg c $4,000,-1 1895
6
Q -J
4 ,0 0 0 ,0 0 0 A p ril 1 1 9 4 4
000 ( $ 1 ,0 0 0 ) .. _. _ ______ pj
B a n d s.— O f th e $ 1 0 ,0 0 0 ,0 0 0 N ew ark C on . G as b o n d s, $ 4 ,000,000 arp re
s erved t o retire u n d erly in g liens.
P L A N T .— O w ns entire gas pla n ts in th e te rrito ry betw een P a ssa ic and
E liz a b eth , In clu d in g N e w a rk .— V . 67, p . 1002, 1160.
Hudson County Gas Co.
T h is c o m p a n y Is leased t o th e P u b lic S e rvice C o rp o ra tio n fo r 900 vears
from Jun e 1 1903. See term s fu rth er a b o v e .
O R G A N I Z A T I O N .— In co rp o ra te d In N ew Jersey In O cto b e r 1899 and
Is a c on solid a tion o f th e v a rio u s gas pla n ts In Jersey C ity and H o b o k e n ’.
S T O C K A N D B O N D S .—
D a te.
In terest. Outstanding.
M a tu rity
S to c k $ 1 0 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ..............................................
$10,500 000
^
F irst m o r tg a g e $10,500,0001 1809
5 g M -N
10,50 0 .0 0 0 N o v " 1 * 1 6 4 9
g o ld ---------------------------------- . /N .J .T i t l e G u ar. A T r .C o ., Jersey C ity T ru s
c,w ’ MoM‘ “ “ J
Paterson & Passaic Gas & Electric Co
T h is c o m p a n y is leased t o th e P u b lic S e rv ice C o rp o ra tio n fo r 000 year*
from Jun e 1 1903.
See term s fu rth er a b o v e .
O R G A N I Z A T I O N .— Is a co n s o lid a tio n o f th e v ariou s gas and ligh tin g
p rop erties o f P a terson and P a ssa ic.
S T O C K A N D B O N D S .—
D a te.
In terest. O utstand ing. M a tu r ity
S to c k $ 5 ,000,000 ( $ 1 0 0 ) .........................
J -D
$ 5,000 0 0 0
G ons m tg e $ 5 ,0 0 0 ,0 0 0 g o l d ! 1899
5 g M -S
1,031,000 M c h T l o i o
( $ 1 , 0 0 0 ) -------------------------- r * ( I n t . a t F irst N a t. B a n k , P a terson , o r First
_ .
l N ation a l B a n k , N ew Y o r k .
- .............
1805
5 g J -J
O '0.0 0 0 Jun e30 1925
L a?3M ^ ttrrC.0,c ? n T tKe--------- 1 8 9 5
5 g J- D
310 ,000 M ay 1 1925
P assale G as L t 1st m t g e ............. 1892
6 g J -D
5 0,000 Ju n e 1 1922
^
35.00 0 ,0 0 0 m tg e . o f 1899, $ 96 0,00 0 Is reserved fo r
S a f^ D e p o s It A* T r usd^Co^sTrustee? 416
[VOL. I,XXXVIII.
ELECTRIC RAILWAYS
SUbJeCt l ° ^
T h e PaterSOn
Somerset Union & Middlesex Lighting Co.
• O R G A N I Z A T I O N .— -In corporated In N ew Jersey o n D e c. 1 1903 In th e
ln.texTe.st °£,th e P u b lic S ervice C o rp o ra tio n , as a co n s o lid a tio n o f th e Som erset
L ig h tin g C o. o f S om erv ille , N . J ., the Plainfield G as A E lectric L ig h t C o . o f
P ialn fiek l, N . J , and th e C itizen s' E lectric C o. o f N o rth P lainfield. (V . 78,
p . 107.)
O n D e c . 31 1903 the Central E le ctric C o . w as also m erged in the
sam e.
L E A S E .— T h e c o m p a n y is leased t o th e P u b lic S ervice C orp oration fo r
900 years from D e c . 31 1903 on th e fo llo w in g term s, v iz .: all Interest e x
penses and ta x es t o be p aid b y P u b lic Service C o r p ., and as rental a divid e n d
on th e s to c k a c c r u in g as fo llo w s : F rom D e c. 1 1905 1 %• D e c 1 m n a
1 4 % : p e c . 1 1007 2 % ' D e c. 1 1908, 2 4 % ; D e c . 1 1909, 3 % ; D e c. 1 1910
3 4 % : D ec. 1 1911 and th ereafter, 4 % .
'
’ 1 1UIU
S T O C K A N D B O N D S .—
D ate.
In terest. O utstanding.
M aturltu
S to ck $1 ,0 5 0 ,0 0 0 ( $ 1 0 0 ) ....................
J -D
$1 ,0 5 0 ,0 0 0
See text
Som erset Un A Mid L t C o M l 1903
4 g J -D
1,973 978 D e c 1 1 9 4 3
$2 ,7 5 0 ,0 0 0 ($ 1 , 0 0 0 ) g - . c ’ / I n t . a t]F id e l!t y T r . C o . N ew ark , T ru stee.
U nderlying B on d s assum ed—
P lain field G as A E le c tr ic 1st ' 1891
5 J -J
$11 0,00 0 Jan 1 1911
C entral T ru st C o ., N ew Y o r k , T rustee.
P lainfield Gas A E lect L t gen
1900
5
A -O
3 50 ,000 A p ril 1 1940
m tg e $50 0,00 0 .............. ..
M o rto n T ru st C o , N ew Y o r k , Trustee
C itizen s’ E le c tr ic 1 s t .. ..........
1895
5 M -N
4 0 ,000 N o v 1 1 9 1 5
„
K n ic k e r b o c k e r T r . C o ., N ew Y o r k T rustee
Som erset L ig h tin g C o 1 s t ____ / 1899
5 F -A
150.000 F eb 1 1 9 3 6
'F id e li t y T ru st C o ., N ew ark Trustee
C en t E lec 1st m tg e $750,000
1900
5 g J -J
7 00 ,000 J u ly 1 1 9 4 0
($500 and $1,000) gold c* I n t . a t F id e lity T r . C o ., N ew ark , T rustee
E d ison E lect 111 o f N B 1st 1 8 8 8
6 J -D
50,000 June 1 1918
m o r t g a g e _____________
b o n d s an d $30,125 fo r fu tu re a d d itio n s and Im p ro v e m e n ts. N o sin k in g
fu n d an d b o n d s c a n n o t he c a lle d .
O f th e $500,000 P lainfield Gas & E le c tr ic
general 5s, $150,000 Is reserved fo r p rio r liens. O f C entral E le c tr ic C o .
b o n d s , $50 ,000 Is reserved t o retire a like a m o u n t o f E d iso n E le c tr ic
I llu m in a tin g C o . b o n d s. T h e C entral E le c tr ic bon d s are s u b je c t t o ca ll
a fte r 1905 at 110 and Interest.
P r e s ., H . G . R u n k le ; S e c ., .T. C. P o p e . V . 78, p . 107
South Jersey G as, Electric & Traction Co
T h is c o m p a n y w as .eased t o th e P u b lic S ervice C orp oration fo r 900 years
fro m Ju n e 1 1903. See term s fu rth er a b o v e .
O R G A N I Z A T I O N .— I n co rp o ra te d In 1900 t o b rin g u n d e r on e c o n t r o l
th e gas, e le ctr ic lig h t and tro lle y Interests In S ou thern N ew J e rsey . In
D e c . 1902 p u rch ased th e en tire ca p ita l s to ck o f the B ristol E lectric L ig h t &
P o w e r C o . o f B risto l, P a .; th e latter has n o bo n d e d d e b t.
A ls o o w n s th e e n tire ca p ita l s to ck ($600,000) o f th e C am den G lou cester
& W o o d b u r y R y , w hich has been leased t o th e P u b lic S ervice R y Co
S T O C K A N D .B O N D S .—
D a te .
Interest. Outstanding.
M a tu r ity .
S to ck $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 )------- ---------J -D
$ 6 ,000,000
See t e x t
1st m tg e $15 ,0 0 0 ,0 0 0 g o ld ) 1903
5 g M -S
11 .7 1 7 ,0 0 0 M ch 1 1953
($ 1 , 0 0 0 ) g u a r a n t e e d .. . c * f In t . a t F id e lity T r . C o ., N e w a rk .N .J T rus
T r e n to n G & i:l 1st M $2,000,-1 1899
5 g M -S
2,000 000 M ch 1 1 9 4 9
000 g e ld ($ 1 .0 0 0 )............ . . / I n t e r e s t a t T ru st C o . o f A m ., N . Y . T rustee
B u rlin g to n G as L t C o 1st M . . [ 1901
5 g M -N
100,000 M ay 1 1 9 2 1
l i n t , at B u rl’ g t ’ n C ltyL .< 5cT .C o..B uiT n, N . J .
B o n d s .— O f th e new $15 ,0 0 0 ,0 0 0 Issue, $2 ,1 0 8 ,0 0 0 are reserved t o retire
p rio r lien s and $1 ,1 7 5 ,0 0 0 fo r a d d itio n s and Im p ro ve m e n ts.
N o sin k in g
fu n d a n d b o n d s c a n n o t be ca lle d . T h ese b o n d s are gu aran teed b y th e P u b
lic S e rv ice C o rp o ra tio n . T h e T renton G as A E le c tr ic C o . bo n d s are also
gu a ra n teed b y th e P u b lic S ervice C o r p o r a tio n .— V . 7 6 , p. 332. 5 4 4 . 8 6 6 .
1144, 1250; V . 78, p. 1449; V . 86, p . 1530.
G as & Electric Co of Bergen County.
L E A S E .— Is leased t o th e P u b lic S e rvice C o rp o ra tio n fo r 999 yea rs from
Jan . 1 1905. D iv id e n d s are 2 %
fo r first tw o y e a rs , 2 4 % fo r th e
n e x t y e a r , 3 % fo r th e n e x t t w o y e a r s . 4 % fo r th e n e x t fo u r years an d 5 %
thereafter.
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n o f several sm all gas an d electrlcilg h t c o m p a n ie s . S to c k w as fo rm e r ly h eld In a v o tin g tr u s t, b u t th is e x
pired b y lim ita tio n on D e c . 28 1904. S ee V . 8 0 , p . 653.
S T O C K A N D B N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ........................................... ..
$ 2 ,0 0 0 ,0 0 0
See te x t.
G eneral m o r tg a g e , $ 5 ,0 0 0 ,0 0 0 / 1904
5 g M -N
46,000 N o v . 1 1954
g o ld ($ 1 ,0 0 0 )........................... 1 B o w lin g G reen T ru st C o ., N . Y . , T ru stee.
G eneral m o r tg a g e $5,000,0001 190 !
5 M -N
I ,6')7,000 N o v . 1 1954
/F i d e li t y T ru s t C o ., N ew a rk , T ru stee.
C o n so lid a te d m o rtg a g e , $1,-1 1899
5 g J -D
1 ,3 3 6 ,0 0 0 Ju n e 1 1949
50 0 ,0 0 0 g o l d -------------------- i F ld c lI t y T r u s t C o ., N e w a rk . T ru ste e .
N Y R u th A S u b con sol m t g e . 1895
6 g M -S
5 0 ,000 M ch . 1 1911
R u th A B S prings gen m t g e . . . 1891
6 M -N
5 0 ,000 M ch . 1 1911
E n g le w G A E general m tg e . . . 1899
5 J -J
2 3 ,0 0 0
J a n .1 1 9 3 9
H a ck G as A E le c d e b Series 1 .1 8 9 7 -8
6 J -J
3,0 0 0 J a n . 1 1 9 1 7
H a ck G as A E le c general m tg e 1895
5 J-J
1 0 ,000 J a n . 1 1935
H a ck G L i s t m tg e ($ 1 ,0 0 0 ). . c 1804
5 J -J
2 8 ,000
Ja n . 1 1 9 3 4
B o n d s .— O f th e general m o rtg a g e fo r $ 5 ,0 0 0 ,0 0 0 , $ 1 ,5 4 6 ,0 0 0 Is reserved
t o retire p rio r liens an d $1 ,8 1 7 ,0 0 0 fo r a d d itio n s an d Im p ro v e m e n ts. T h e
gen . m o r t ., o f w h ich th e B o w lin g G reen T r u s t C o . Is tru ste e , w as su p ersed ed
b y th e sllm lar m o r t., o f w h ich th e F id e lity T ru st C o . Is tru stee.
O F F I C E R S .— P re s., D r. D . S t. J o h n , H a c k e n s a c k .— V . 8 0 , p . 653.
New Brunswick Light, Heat & Power Co.
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew J ersey o n D e c 7 1899. O w ns
all th e s t o c k o f th e G as L ig h t C o . o f N ew B ru n sw ick
Is leased t o th e
P u b lic S e rv ice C o rp o ra tio n fo r 900 years fro m Jan . 1 1905. rental be in g 2 %
In ea ch o f th e years 1905 and 1906 , 2 4 % In 1907 and 1908, 3 % In 1909 and
1910. 3 4 % in 191 1. 4 % In 1912, 4 4 % In 1913 an d 5 % in 1914 an d th ere
a fte r.
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
S t o c k , $50 0 ,0 0 0 ($ 1 0 0 )...........................
J-J
$ 4 0 0,00 0
See t e x t.
F irst m t g e , $ 5 0 0 ,0 0 0 , g o ld / 1899
4 g J -D 15
50 0 ,0 0 0 D e c . 15 1 9 3 *
($500 and $ 1 ,0 0 0 )............. c * 1 ln t . a t F id e lity T ru st C o ., N e w a rk , T ru stee.
O F F I C E R S .— P r e s ., J o h n C. E ls c le , N e w a rk ; S e c .. H . M . B a rr e tt;
T r e a s ., N a th a n ie l K in g , N e w a r k .— V . 7 9 . p 2799.
A tiddlesex E le ctric L ig h t & P o w e r Co.
O R G A N I Z A T I O N .— Is a co n s o lid a tio n o f th e C artaret E le c tr ic L ig h t A
P o w e r C o . and th e M id d le se x L ig h tin g C o . S to c k all o w n e d b y P u b lic
S e rv ice C o rp o ra tio n .
STO C K AN D BON DS—
D a te .
In terest. O utstanding.
M a tu r ity .
S t o c k . $ 20 0,00 0 .................................. ............................
$ 17 5,00 0 .......................
F irst m o r tg a g e . $ 2 0 0 ,0 0 0 , g o ld 1905
5 g J-J
176 ,000 J a n ., 1956
B o n d s.— O f the b o n d s, $ 24 ,000 are reserved fo r Im p ro v e m e n ts.
PU B LIC SERVICE R A I L W A Y C O — S ee m ap on pages 64 and 65.
C o n tro lle d b y P u b lic S e rv ice C o r p o r a tio n t h r o u g h o w n ersh ip o f s to c k .
N o lease.
O R G A N I Z A T I O N .— O rga n ised In 1907 as a co n s o lid a tio n o f th e N o rth
J ersey S tre e t R y ., th e Je rse y C ity H o b o k e n A P a terson S t. R y . and th e
U n ited S treet R y . o f Central N ew Je rse y. V . 8 5 , p . 406 . T h e N o rth Jer
sey S tre e t R y . In Jan. 1898 a b so rb e d th e N ew ark A S o u th O ra nge. T h e
Jersey C ity H o b o k e n A P a terson w as a co n s o lid a tio n In N o v e m b e r 1899
o f th e fo llo w in g : Jersey C ity H o b o k e n A R u th e rfo r d E le ctric; N orth
H u d son C o u n ty (co n tr o llin g th e H u dson A Bergen T ra ctio n and th e
P a v o n la H o rse R a ilr o a d ); Palisades R a ilr o a d ; P a terson Central E lectric;
P a terson H orse R a ilr o a d ; P a terson Pa ssa ic A R u th e rfo r d E le ctric R R .;
P a te rso n R y ; S a d d le R iv e r T r a c tio n ; W h ite L ine T r a c tio n , fo rm e r ly th e
N e w J e rs e y E le ctric. T h e U n ited S tre e t R y . o f C entral N ew Jersey w as a
c o n s o lid a tio n In J u ly 1907
@FedFRASER