The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
•%,-
•>,
.
\
’..u- ”•
^
L
*„r.
,
•
#
w
4, 1
•
■’•'•
: r
.
••••;•
1 \
^ .
] , *‘
O .' -I
-*•>»'_-a-
-
*
*
± ~
.t
3
*<'■ 1
■Vj,
>s~-
,V
OF
Commercial
&
THE
Financial Qhronicle.
7
/
VOLUME
XL.
WILLIAM B. DANA & CO., PUBLISHERS.*
79
&
81
WILLIAM STREET,
NEW YORK,
months, viz., on the last Saturday of
February, April, June, August, October and December, and one copy of each issue is fur¬
nished to every subscriber of the CHRONICLE.
Extra copies are sold to subscribers of
the CHRONICLE at 50 cents each, or to others than subscribers at $1 per copy.
The Investors’
Supplement is issued once in two
(.Entered according to Act of Congress
in the year 1885, by William B.
Dana «fc Co., in the office of the Librarian of Congress, Washington. D. C.I
r
'•
ir*l
...
-^T"i
~
;C,..
*
CV 'v'v
’
'f
^
4
.
v
j,r-:
.
'
_
-
% >v|
PRENTISS & CO.,
H.
GEORGE
Securities, and also
New York Oas and City Railroad Stocks and Local
Securities Dealt In at the New York Stock Exchange.
Dealers in Brooklyn and
all
Wall
49
'•
GEORGE H. PRENTISS.
COMPANIES’
GAS
Vork and ^08 Montague St
WM. D. PRENTISS.
Member of N. Y. Stock Exchange.
New
^t.,
*■*
Par.
GAS COMPANIES.
25
Brooklyn Gas-Light
Consolidated Gas
Jersey City & Hoboken.
20
1.000
100
20
Metropolitan—Bonds
1,000
Citizens’ Gas-L.(Bklyn<
Bonds
...
100
1 000
25
Var’s
10
Mutual (N. Y.)
Bonds ...i
Nassau (Bklyn.)
Scrip
•.
People’s (Bklyn.)
Bonds
1,000
Bonds
Var’s
50
Williamsburg
1,000
Bonds
Metropolitan (Bklyn.)..
Municipal—8oads
100
1,000
100
Falton Municipal
BoiiuS
.......
..........
100
Equitable
1,000
Bonds
Period
Amount.
2,000,000 Var’s
1,200,000 Var’s
259,000, A. &0.
30,000,000;
750,000 J. & J.
700,000' F. A A
3,500,000' Quar.
1,500,000 M.&N.
1.000,000 Var’s
700,000
1,000,000
400,000
130,000
1,000,000
1,000,000
1,000,000
750,000
3,000,000
300,000
2,000,000
1,000,000
BROOKLYN CITY RAILROAD
BONOS.
AND
STOCKS
si
Date.
«
*
Bid.
N’r 10, ’84 129
83
Jan. 1/85
3VS’g F.,’99 107
82
7 VJan. 1, ’85 135
1902
107
3
2 V Jau. 10/85 122
110
3
1902
2
Jan. 1/85 119
2 V Nov. 1/84 92
3
Dec.15/84 79
5
3
-
M.&N.
J. & J.
M.&N. 3V Nov. 1/84104
Oct. l,^ 98
J. & J. 3
Quar. 2V Jan.20/85 133
106
1900
A. &0. 3
94
Jan. 1/85
3
1888
M.&N. 3Hi
1100
3
Jan.15/85 148
J. & J.
...
.
A. & O.
101
1900
6
96
103
....
1900
6
RAILROAD
r:Ask.
131
83
Broadway
2d mortgage.
No.
of the New England Mortgage
Security Company bonds:
Series “ A” of this Company will be due July 1, 1885,
on that date at tlie office of the Company in Boston.
500,000
400,000
Busliwiek Avenue
1st mortgage
Coney Isl’d<fe Brook’ln
2d mortgage —
3d mortgage
Co usoliaated
Grand St. & Newtown.
1st mortgage
1888 105
210
Jau., 1902
105
...J 90
Oct. & Aug., 1890110
Feb. 1, 1885
160
Jan & July, 1902! 108
1 85
Aug. 1,1884
Jan. & July, 1885100
May & Nov.,
Feb. 1,1884
•
500,000
lOOj
100,000 1,000
75,000 1,000
125,000 ; i,ooo'
170.000 ; 100
175,000 ii.ooo;
A
Or, the Company will exchange with holders an equal amount of new
bonds, due five years from July l, 1885, with ioterest payable
semi-annually, January 1st and July 1st each year.
Bondholders
desiring to make this exchange will be required to elect to do so in
writing and to sign the form enclosed, and return it to the Company at
43 Milk Street, Boston, on or before April 1, 1885.
The new bonds will
be ready for delivery at that date, and will be delivered on surrender of
the old 7 percents. On all old bonds so exchanged, the July 1, 1885,
coupons will be paid in full at the time of such exchange.
The new issue of bonds will be for $ >00,000, will be used strictly in
payment of the old series “ A,” and will not increase
the present
indebtedn3ss of the Company.
Jau. & July, 1887100
Jan. & July, 1903100
Jan. 1,1885
i 95
Feb. & Aug., 1896108
iiV
162
110
90.
ioT
100
112
synopsis of the Assets and Lia‘ ilities taken from
made up to December 1,1884:
report of the Treasurer
ASSETS.
Notes—Secured by mortgages or t:ust deeds on
acres of land valued at $10,128,698 00
the semi-annual
873,111
valued at $130,000, cost
Land Contracts-Lands sold and agreement given to
deed after a certain number of payments are made..
.
Advances
acres,
made for taxes, &c
Cash
Cash with Assistant Treasurer
Bond coupons (January, 1885)
Suspense account
Interest accrued on notes
-
41 5o
60 00
paid in advance
84 74
190,7 L1 79
$3,615,712 07
LIABILITIES.
Seven p.c.
Five p. c.
$3,177,822 76
109,182 50
15,435 00
8,345 35
114,028 43
bonds outstanding $2,124,000 00
bonds outstanding
333,090 00
$2,457,000 00
Interest accrued on bonds
Div. No.19, du^e Jan. 10,’85, on
56,153 33
guar.capital
30,000 00
2,543,153 33
Charles L. Flint; President.
GEORGE
108
180
105
110
218
108
COMPANY,
By order of the Directors,
,
172
115
STREET.
and will be paid Lands—21,458
6 per cent
.
.
....
..
100
1,000
Ask.
OF
MILK
43
Boston, January 1, 1885.
To the holders
103
Cross-Town."
200,000 i 100,
|
200,000 i i.ooo
Scrip
300,000 1,000
1st mortgage
100
| Brooklyn City
2,000,000
! 1st mortgage
800,000 1,000
100
Brooklyn City & N’n.. 1,000,090
400,000 1.000
1st mortgage
Brooklyn
I
-;218 f 112
250,000 11,000
100,000 1.000
1stinortg ige
124
114
121
35
80
108
101
137
110
96
108
150
105
98
105
1169
Jan. 1,1885
Due 1885 & 1894; 110
Feb. 1,1885
Jan. & July, 1889 108
Jan. & July, 1889
Nov. 1, 1884
1170
Jan. & July
100
$50,
$700,000
500,000 1,000 5
350,000 I 100:
Atlantic Avenue
Bonds
MORTGAGE SECURITY
NEW ENGLAND
Bid.
Date.
-
84
110
0F FICE
THE
W. W. WALSH.
STOCKS AND BONOS
_
Rate
Par.
Amount.
CO’S.
Brooklyn.
9
bondholder
Surplus assets as regards
SONS,
SISTARE’S
K.
$1,072,558 74
BANKERS,
Nos, 16 & 18 Broad Street,
•
We transact
a
credit interest
on
(WESTERN UNION TELEGRAPH BUILDING.)
General Banking’ business
We allow interest on
New York.
Bonds.
and render accounts current and
and deal in all llrst-class State, City, Town and County
daily balances at the rate of 3 per cent per annum,
the last day ot each month.
collect and credit United States, Railroad and other
Coupons and dividends payable in this city without charge; make careful inquiries and give the best infoimation
we can obtain respecting investments or other financial matters;
and in general serve their interests in any way
For
parties keeping- regular deposit accounts with us we
in which
All
we can
deposits
One of our
be of
use
to them in our line oi business.
subject to Check at Sight without notice.
firm is a member of the New York Stock Exchange, and we give particular attention to orders by
are
mail, telegraph or in person, for the purchase or
o
sale, on Commission, of Stocks and Bonds.
mmlmrot
OF
rpMMERCIAL
&
[Entered according to act of Congress, In the year
NEW
YOL. 40.
THF
jflNANCIAL ^HROWICLE.
1885. by Wm. B. Dana & Co., in the office of the Librarian of Congress,
YORK,
Washington, D. C.}
FEBRUARY 28, 1885.
m
INVESTORS1
SUPPLEMENT.
TERMS:
Saturday of every other
month—viz., February, April, June, August, October and December;
and one copy of each issue is furnished, without extra charge, to all
regular subscribers of the Commercial and Financial Chronicle.
Additional copies of any issue are sold to subscribers at 50 cents each,
and to persons not subscribers at $1 each. No subscriptions are taken
for the Investors’ Supplement apart from the Chronicle.
The Commercial and Financial Chronicle is published in New
York every Saturday morning. The terms of subscription, payable in
advance, are as follows :
For One Year (including postage)
$10 20
The Supplement is published on the last
6 10
do
For Six Months
'
Annual subscription in Loudon (including postage)
do
do
do
Sixmos.
These prioes include the Investors’ Supplement,
£2 7s.
£18s.
furnished without
extra charge to subscribers of the Chronicle.
WILLIAM
B.
79 tf- 81
Ac CO., Publishers,
William Street, New York.
DANA
ft OPPORTUNITIES FOR
BUYING
RAILROAD
BONDS.
f;
may be asserted with some confidence that the
railroad bond market at the present time offers oppor-
It
| trinities for making profitable investments.
By this we do
bond now will be able to
I? Bell it next month or the month after at a large advance
| in price, but simply that taking a long view of the market
|/|here seems little doubt that many leading mortgages on
onr Exchange will, with a recovery of confidence, sometime during the next few years, sell at materially higher
J figures, while in the meantime affording to the holder large
,;f rates of interest on the money invested. Of course the
l measure of success attending such efforts will depend
f mainly upon the care with which proper discrimination is
| exercised, but barring the purchase of totally unsubstanJ tial things, it may fairly be questioned whether we have
f-not reached a stage in the downward move of prices where
| the risk of blundering is reduced to a minimum.
The prices of many railroad bonds have suffered a decline
hardly less marked than the decline in stocks. Nor is it
| of defaulted bonds only that this is true. Many bonds on
| which interest is being regularly paid also sell at very low
^prices, the reason being, obviously, either that default has
l/been made on somo junior issue of the same road, thus in
|; a measure weakening the others, or that doubt is felt as to
}\ the success of the property on which the bonds are placed,
I ox that the past history of the company has engendered a
HfWant of confidence in its affairs.
^ For the purpose of simplifying the work of investors
X who may wish to take advantage of the situation, we have
^ prepared below a list of bonds quoted on the New York
Stock Exchange at prices under par for 6 and 7 per cent
r bonds and
below 90 for 5 per cent bonds.
All issues less
not
mean
that the
purchaser of
a
v;
.
j
j- than a million in amount, as well as those that are only
on the list and are never quoted or^sold at the
t New York Board, have been omitted. Not since 1878
| nominally
p
has there been
^ quoted at
bonds have been
such depreciated figures; and consequently no
vtime when,
i.
a
time when
apparentlv,
I-
a more
so many
favorable onoortunifv has
presented itself for purchasers. The additions to the
number of low-priced bonds have been very numerous
during the last twelve months, as might have been ex¬
pected.
It is possible that some may hesitate to buy now for
fear that further developments of an unfavorable nature
may occur, and that the full effects of those that have
occurred have not yet been felt.
But it should be re¬
membered that it is not always possible to buy at the
lowest figure; few persons are fortunate enough either
to secure their goods or dispose of them upon the most
The most we can expect is
advantageous terms possible.
that we may not make a bad bargain by paying more than
a
thing is worth.
Even from the standpoint of mere market quotations, it
is a well-known axiom in business that the time to buy
is when things are low, and certainly prices of securities
are low now.
The fact that in speculative dealings the
public never takes hold until prices are high, does not neg¬
ative or invalidate this rule in any way, but rather affirms
its importance, for the public usually lose their money,
while the shrewd, long-headed men who buy when appar¬
ently everything is going to smash, and nothing possesses
any value (according to popular belief), and then sell when
the public sees only a glorious future and will pay any
price to get what they want, are the persons who reap the
heaviest profits.
But aside from reasoning of this charac¬
ter, the fact that the downward course has been steadily
in progress for nearly four years, though at first confined
chiefly to stocks, that 11 liquidation ” in almost every trade
and business has been thorough and complete, that, we
have been through a financial crisis of large dimensions,
that this came after a shrinkage of great magnitude, and
must therefore have uncovered the weak spots in the sit¬
uation, that the general mercantile community is unusually
strong, and that the banks carry a surplus never before
known in our history, would seem to argue that if we are
not on the eve of a change for the better, we have at least
seen the worst of the present era of depression.
Descending from generalities, however, it will be
claimed that, admitting all that has been said, the real dif¬
ficulty occurs when one undertakes to make his selections.
Human judgment is fallible, and the individual bond or
mortgage we may pick out in which to put our money,
may, through the force of circumstances or the design of
unscrupulous managers, be rendered valueless. In regard
to that, there is no positive protection; but it is to be borne
in mind that a bond secured by mortgage occupies a dif¬
ferent position from a share of stock secured by nothing.
The latter may have only a nominal value; but the bond,
except in extreme instances, almost always has considerable
intrinsic worth, which may be temporarily impaired but
cannot be destroyed.
Besides, why would it not be a
acoofi plan for an investor to divide up his investments
INVESTORS’
SUPPLEMENT.
[Vol, XL.
number of bonds, rather than confine himself to effect cannot but be prejudicial to the interests of all other
some one particular issue?
Suppose, for instance, that bonds similarly situated, a$ad detrimental to railroad credit
with $10,000 an investor should buy 15 or 20 different rail¬ generally.- For if certain companies can, by exerting pres
road bonds selling at 40 to 90—would he not be tolerably sure, induce the holders of prior liens to accept a lower
certain, if he held on for a few years, to get a large return rate of interest than that to which they are entitled, why
among a
in the end ?
With bonds that
about them has
come
out.
On
are
some
in default the worst
of them, by arrange¬
be paid for a certain
period; on others the whole interest is to be funded into
bonds or scrip; so the purchaser knows just what to ex¬
pect in any event. With his holdings divided up in this
manner, while the investor might lose on some of his
bonds, he should be reasonably sure to make a handsome
average profit on the lot. It must not be forgotten that
present earnings on the railroads represent a period of deep
depression in trade circles, and that expansion is inevitable
as soon as the lethargy under which we are laboring is
ment, only half the coupons are to
thrown off.
Or if the investor is
buying mortgages of this
description, he can limit himself to those of a better kind,
bonds which ought to be perfectly safe on their mortgage
security, but which for the time being are under a cloud.
In this class might be mentioned bonds like the Central
Iowa firsts, the Houston & Texas Central firsts, the Den¬
ver & Rio Grande firsts, the Nickel Plate firsts, &c.
These
bonds have sold between 80 and 90, and $10,000 invested in
this way would secure a dozen different bonds. The profit, as
far as increasing the principal is concerned, would be hardly
less than in the former case, for with the respective com¬
panies issuing the bonds restored to full credit and stand¬
ing, the price of first mortgage 6 and 7 per cent bonds
like these should mount easily to 110@115.
The strength of the list given on the next page, in the num¬
ber of bonds that it contains which ought to be first-class,
will be evident at a glance.
It is clear, too, that the reason
for the low prices on some of these bonds is not found in
any inherent weakness in the bonds themselves or the mort¬
gage securing them, but simply in a plain disregard of the
rights and priorities of the bondholders’ claims. The Hous¬
ton & Texas Central 1st mortgage land grant 7 per cent
averse
to
bonds and the Denver & Rio Grande firsts have heretofore
been
commented
upon at length in the Chronicle.
The Central Iowa first mortgage bonds also belong in the
category, as the coupons due January 15 were bought,
paid. This issue of bonds covers 189 miles of
road, and amounts to only $3,700,000, calling at 7 percent
for $259,000 per annum, while net earnings have averaged
same
instead of
million per year. The first consol
the Central of New Jersey is likewise a victim to
half
over
a
bond of
circum¬
stances, though as regards priority of lien it does not pos¬
the
strength as the other bonds mentioned. Be¬
sides, according to the statement of earnings submitted by
the Reading, the property did not in 1884 earn enough
to meet charges in full on its entire tfebt.
The fact, how¬
ever, that certain parties, for the sake of the control of the
road, are willing to pay a dividend on the stock, would
sess
same
seem
to indicate
have
some
that the bonds
(which precede the stock)
points in their favor in any event.
In reference to the policy of making concessions in the
interest of junior mortgages, it seems desirable that the
holders of these various bonds, as well as others of the
same class,
should take a firm step in defense of their
rights. Nothing in recent times has been more injurious
to American railroad investments than the palpable at¬
tempts to coerce bondholders to forego apart of their .just
If these attempts are met at theand well-secured claims.
outset with determined resistance, it seems unlikely that
they will be repeated in the future; but if any impairment of
the contract obligation is permitted, the
not
the Lake Shore
or
New York Central?
this threatened reduction
hanging
And with
bond, to be en¬
pleasure of the man.
agement to do it, who will take the risk of buying such
securities, no matter how excellent their lien may be?
How sensitive the public has become under these attacks
upon the inviolability of mortgage obligations was well
forced whenever it suits the desire
over a
or
illustrated in the assault week before last
on
the New
York
Chicago & St. Louis (Nickel Plate) firsts, under
one day the price was knocked down 11 per cent.
The effective weapon in this assault was the idea, which
had been insidiously cultivated by those operating for a
decline, that the interest on the mortgage might be cut
down, under the threat that if bondholders did not assent
to the plan, a violent contest with the Lake Shore would
be inaugurated, which would greatly reduce the value of
the bonds.
The fact that for Lake Shore to attempt such
a
policy would be to jeopardize the several millions spent
in acquiring control of the road, was lost sight of for the
moment, so real did the danger seem in view of the action
which in
These Nickel Plate firsts
in certain other cases.
altogether dependent
are
not
the favor of Lake Shore, either,
for in the fiscal year ended September 30—an exception¬
ally bad year—the road managed to earn $115,000 more
than enough to meet the $900,000 interest called for on
that mortgage.
Moreover, a first mortgage on a com¬
pleted road between Buffalo and Chicago, requiring less
than a million for interest, would seem to possess advan¬
tages not easily secured.
As to mortgages where no interruption of interest pay¬
ments
has
upon
occurred, like the Atlantic & Pacific firsts, the
Chesapeake & Ohio bonds, the Denver South Park &
bonds, the Indiana Bloomington & Western bonds,
the Milwaukee & Northern firsts, the Milwaukee Lake
Shore & Western bonds, the Missouri Kansas & Texas
general mortgage bonds, the Norfolk & Western general
mortgages, the Ohio Southern firsts, the Peoria Decatur &
Evansville bonds, the Rochester & Pittsburg firsts, the
Scioto Valley firsts, the South Carolina seconds, the Fort
Woith & Denver firsts, prices are governed by the varying
degrees of faith that the public may have in the particular
bonds as dependent on the earning capacity of the respective
roads and the financial strength of the companies.
The
pages of the Supplement and the Chronicle aim to give
all the information about each particular property that it
is possible to obtain.
An especially fine field for the display of their judgment is
offered investors on the larger systems having a great num¬
ber of different kinds of securities, some of which are un¬
doubtedly good, though they may have become tempo¬
rarily discredited by the involved condition of the com¬
pany issuing them.
For instance, the various mortgages
of the Wabash nearly all sell at low figures, though not a
few of them cover pieces of property that are valuable and
essential to the system, and on which, therefore, the re¬
ceivers are paying interest.
The great difficulty is in de¬
termining which parts of the system are self-sustaining,
and which not, in view of the fact that no division of the
earnings, according to branches and sections, can be ob
Pacific
tained.
But where
we
have
an
absolute first mortgage on
piece of road affording entrance into a leading city or
and over which road, therefore, the bulk of
the company’s business must pass, the inference would
appear to sustain the conclusion that such bonds are a
a
traffic centre,
February
SIX AND SEVEN PER
In illustration, we may point out that
mortgage 5s on the Chicago division of the
good investment.
the first
"Wabash are quoted at 75@80 and the first mortgage 7s on
the St. Louis division (Decatur & E. St. Louis) have recently
sold below par. The Louisville & Nashville Company
also affords an extended assortment of different issues,
and has the additional advantage that no part of the system
is in default.
There are other bonds on particular properties that
Eastern Division, 1st 6s, 1912
Central of N. J., 1st consol. 7s, 1899, coup.
Convertible 7s, 1902
Convertible debenture 6s, 1908
Michigan Central, the full interest charges of both
roads has to be met before anything can be paid on the
stock of either company. The Combined system earned
trifle above fixed charges in 1884, but that was an
exceptionally bad year. The Midland New Jersey first 6s,
ruling at 75@80, are an old prior mortgage on the New
York Susquehanna & Western system.
The amount of
the bonds is $3,500,000, and the call for interest on them
$210,000. For 1883 the net earnings were reported at
$400,064, and for 1884, $416,520. Bonds like the Rich¬
mond & Danville eonsol 6s, St. Louis & San Francisco
2d mortgage, Classes A, B and C, Metropolitan 2d mort¬
gage, and Cleveland Columbus Cincinnati & Indianapolis
general mortgages, all have merits, though they rule
a
<r-
be overlooked is the amount
Take that
speculative specialty, Erie 2d consols. Two coupons are
overdue on these, so they carry 6 per cent accrued in¬
terest that will have to be settled for one time or another.
of accumulated interest
Then there
are
that
some
bonds bear.
the Richmond & Danville debentures, a
species of income bond. Our list does not embrace in¬
come bonds, but we have included these debentures be¬
cause the interest on them is being more than earned,
though not paid, and is strictly cumulative. As no pay¬
ment on the bonds has been made since April, 1883, the
accrued interest aggregates nearly 12 per cent.
Where
bondholders have been given the option of selling their
coupons or else keeping them unpaid, or where a company
is seeking to effect a compromise with its bondholders on
the basis of part payment in cash and part in scrip, there
are usually two ways of
quoting the bonds, namely
“coupon on,” indicating that the coupon or coupons are
still attached to the bond, and that the proposed scheme
has not been assented to by the holder, and “ coupon off,’’
which indicates just the reverse.
In the former case the
feature of accumulated interest of course
into
Rio
and
has to be taken
that basis the Texas & Pacific
Grande Division firsts would have both the August
February coupons on—six per cent in all. These
consideration, and
on
excellent
illustration of some of the tempting things held to
At present,
view, if one has confidence in them.
interest is being paid half in cash and half in scrip—that
is, 3 per cent of each. Supposing that the company can
meet its requirements on that basis, and the bondholders
accept the scheme, a purchaser of the bonds at 52 would
net nearly 6 per cent in cash on his investment, 6 per cent
more in scrip, redeemable in terminal bonds selling at 52,
and get the benefit besides of any rise in the price that
might take place with an improvement in general business
Rio
Grande
the
Division
firsts
present
Periods.
Atchison Colorado A Pacific, 1st 6s, 1005
Atlantic & Pacific—Western Div., 1st 6s, 1910
Buffalo A Southwestern, 6s. 190S
Central of Iowa, 1st 7s, 1899. coup, off
to invite
below par.
A feature that should not
an
off...
1888
Chesapeake & Ohio, 6s, series B, 1908
Mortgage 6s, 1911
Chicago & Atlantic, 1st 6s, 1920
Clev. Col. Cin. & Indianapolis gen. 0s, 1934
Denver A Rio Grande, 1st 7s, 1900
1st consol. 7s, 1910
Denver & Rio Grande Western, 1st 6s, 1911
Denver South Park & Pacific, 1st 7s, 1905
Detroit Mackinac & Marquette, 1st 6s, 1921
6s, 1902...
6s, 1910...
Green Pay Winona A St. Paul, 1st 6s, 1911
Houston & Texas Central—
1st mortgage 7s, 1891, coup, off
1st Western Division, 7s, 1H91, coup, off
1st Waco A Northern, 7s, 1903. coup, off
2d Mam Line, 8s, 1912
General mortgage 6s. 1921
Texas Central, 1st sinking fuud 7s, 1909
1st mortgage 7s, 1911
Indiana Bloom. & West.—East. Div., 6s. 1921...
Ind. Decatur A Springfield, 1st 7s, 1906
International & Gt. Northern, coupon 6s, 1909..
Kansas Pacific, 1st consol. 6s, 1919
Lafayette Bloomington & Muncie, 1st 6s,
Lake Erie A Western, 1st 6s, 1919
60
93
985s
68
9412
965s
95^2
J.
J.
N.
O.
N.
J.
N.
J.
S.
N.
O.
S.
D.
A.
A.
J. A
J. A
M. A
A. A
M. A
J. A
M. &
J*. A
M. A
M. A
A. A
M. A
J. A
F. A
F. A
J.
J.
A.
A.
M.
M.
J.
A.
M.
M.
M.
F.
A J.
A J.
A 0.
A O.
A N.
A N.
A D.
A 0.
A S.
A N.
A N.
A A.
M.
J.
J.
J.
M.
M.
A
A
A
A
A
A
..
S.
J.
J.
D.
8.
8.
A. A O.
Q.-M.
m! a n.
1910
Oregon A Trans-Continental, 1st 6s, 1922
Oregon Short Line, 1st 6s, 1922
Peoria Decatur & Evansville, 1st 6s, 1920
Evansville Division, 1st 6s, 1920
Richmond & Allegheny, 1st 7s, 1920
Richmond & Danville, consol. 6s, 1915
Debenture 6s, 1927
Rochester A Pittsburg, 1st consol. 6s, 1922
St. Louis & San Francisco. 2d, class B and C
General mortgage 6s, 1931
Scioto Valley, 1st consol. 7s, 1910
Shenandoah Valley, 1st 7s, 1909
General 6s, 1921
South Carolina 2d 6s, 1931
Southern Pacific of California, 1st 6s, 1905-1912
Southern Pacific of New Mexico, 6s, 1911
Texas A New Orleans--Sabine Div., 1st 6s, 1912
Pacific, consol. 6s, 1905
__
1st Rio Grande Division, 6s, 1930, coup, off...
General mortgage and terminal, 6s, 1905
Texas & St. Louis, lsts in Mo. and Ark.. 6s. 1911
Texas A,
M.
M.
J.
J.
....
Wabash St. Louis & Pacific—
General mortgage 6s, 1920
Toledo Peoria A W., 1st 7s, 1917
Iowa Division. 6s, 1921
Detroit Division. 6s, 1921
Wabash 7s of 1879, due 1909
Toledo A Wabash, 2d mort. ext., 7s, 1893
Tol. & Wab., cons. conv. 7s, 1907...rt..
Great Western, 2d mortgage, 7s, 1893
St. Charles Bridge, 1st Os, 1908
J.
A D.
A
A
A
A
82ia
....
50
90
63
....
62
99
57*2
....
60
92
79
82
93
80
74
25
75
50
60
50
77
99
66
....
....
....
68
93
9270
82
80
.
.
.
_
.
.
'
.
100
81
70
90
90
80
79
65 hj
8858
....
96
90
81
....
68
94
98
67 Lj
93
95^
44
97k
....
94
69
68
95
60
9814
87%
88
57
36
55’a
....
7514
37
m
.
57
884*
m
^
55
81
ra
90*2
93^2
^
1
cs
—
m m
W
59
89
78
66
85
6778
90
52
98 7s
95
53
99
85ia
97ia
6014
88*2
9914
91*2
„
.
.
.
.
.
.
.
60ia
90
92ia
80
80
40
80
96
93*4
79%
52
50
26
96 ^2
91*2
SO
75 la
27
.
.
m
m
^
.
.
.
3714
Q.-J.
M.
J.
A.
M.
50
42
40
F. A A.
A. A O.
M. A 8.
A J.
A J.
....
92
90
49
41
A
J,
J.
....
74
92
75
98*2
S.
A N.
A D.
A J.
A. A O.
J. A J.
M. A N.
A. A O.
J. A J.
J. A D.
J. A D.
M. A N.
F. A A.
J. A J.
M. A 8.
J. A J.
J. A J.
A. A O
J. AD.
M. A N.
J. A J.
J. A J.
J. A J.
A. A O.
J. A J.
A. A O.
J. A J.
M. A 8.
J. A D.
1909
....
....
& Chicago, 1st 6s, 1910.. J. A J.
M. A N.
Metropolitan Elevated, 2d 6s, 1899
J. A J.
Mexican Central. 1st 7s, 1911
Mil. Lake Shore A West—Mich. Div., 1st 6s, 1924 J. A J.
J. A D.
Milwaukee & Northern, 1st 6s, 1910
J. A D.
Missouri Kansas & Texas, consol. 6s, 1920
M. A N.
Missouri Pacific, 1st consol. 6s, 1920
.
New Orleans A Pacific, 1st 6s, 1920, coup. off... J. A J.
J. A D.
New York Chicago A St. Louis, 1st 6s, 1921
2d 6s, 1923
New York Citv & Northern, general 6s, 1910
N. Y. Lake Eiie & Western, 2d consol. 6s, 1969.
N. Y. Susq. & Western, 1st 6s, 1911, coup, off ..
Midland of New Jersey, 1st 6s, 1910
New York West Shore A Buffalo, 5s, 1931
Norfolk & Western, gen. mort. 6s, 1931
New River, 1st 6s, 1932
Ohio Central, 1st mortgage 6s, 1920
Ohio Southern, 1st Gs, 1921
....
96
73
Louisville New Albany
FIVE PEIt CENT
99k
60
Ten-forty 6s, 1924
Utah Southern, geueral mortgage 7s,
Extension mortgage, 1st 7s, 1909
....
61
....
M. A N.
Collateral Trust 6s, 1922
Oregon Improvement. 1st 6s,
....
93^4
1919..
6s, 1910
90
75
....
Q.--J.
S.
J.
O.
N.
78
78%
55
60
75
80
95
80
95
60
Q.-F.
M. A N.
1 A. A O.
84
85
MORTGAGE BONDS BELOW NINETY.
[ Price
Periods.
Canada Southern, 2d mortgage, 1913
Central New Jersey—Am; Dock & Imp.,
|
Bid.
Asked
M. A 8.
A J. 1
A A. j
A O.
A S.
y. A j.
J. A J.
A. A O.
A. A O.
M. A 8.
J. A D.
A. A O.
A. A O.
J. A J.
7314
75
7312
1921 _. J.
Chesapeake Ohio A Southwestern, mort., 1911.. F.
Chicago St. Louis A Pittsb., 1st consol. 5s, 1932. A.
Columbus Hocking Valley A Toledo, 1st. 193 L .. CVI.
in full.
Wabash, Chicago Division 5s,
!
East Tennessee Va. A Ga., 1st consol., 1930
Divisional lsts, 5s, 1930
Indiana Bloomington A Western, 1st, 1909
2d, 1909
19]d.
about
Feb. 21.
Interest
Description.
Louisville New Orleans A Texas, 1st, 1934
Missouri Kansas A Texas, consol. 5s, 1920
Rome Watertown A Ogdensb., consol. 1st, 1922.
St. Louis Iron Mountain A South., gen. 5s, 1931.
J.
J.
J.
O.
M. A N.
Louisville & Nashville—
Cecilian Branch, 7s, 1907
New Orleans & Mobile, 1st 6s, 1930
2d 6s, 1930
General mortgage 6s, 1930
Pensacola Division, 6s, 1920
St. Louis Division, 1st 6s, 1921
South A North Alabama, sink, fund
A
A
A
A
Q.-M.
Lehigh A Wilkesbarre, consol. 7s, 1900
Central Pacific—Cal. & Oregon Div., 1st Os,
Cal. & Oregon Div., Series B, 6s, 1892
Elizabethan Lexington & BigSaudy,
Fort Worth & Denver, 1st 6s, 1921
Galv. Harrisburg & San Antonio, 1st
J.
J.
J.
A.
Asked
85
Q.-F.
..
company’s traffic conditions.
The Supplement necessarily goes to press a few days
earlier than the Chronicle, and it should be remembered
that the comments of this article are based upon the prices
given in the table below, which are those of February 21,
or a few
days prior to that date. Following is the table
or
Price about
Feb. 21.
Interest
Bid.
the
only
BELOW PAR.
CENT MORTGAGE BONDS
Description.
attention. The Canada Southern second
mortgage 5s sell at 73. By the terms of the contract with
seem
3
mVESTOKS’ SUPPLEMENT.
1885.]
■
70
80
71
75
60^
48
90
74
88%
53%
7530
70*8
76%
48%
60
89
531a
76
71
S<>
STOCK AND BOND TABLES.
NOTES.
expressly Intended to be used in connection with the information oonperning Investment matters, published from week t
week in the Chronicle—to which an index is furnished in the remarks at the foot of the tables. Annual reports are in blaok-faced figures.
A description of U. S. Government Securities is published in the Chronicle each month, as soon as the official “Debt Statement” is issued.
Prices of all active Stocks and Bonds are quoted weekly in the Chronicle, and a list of general quotations is published monthly.
The following will give explanations of each column of the tables below:
Description.—Railroads leased to others will sometimes be found under the lessee’s name. The following abbreviations frequently occur, viz.:
M. for “mortgage.” s. f. for “sinking fund,” 1. gr. for “land grant,” reg. for “registered,” coup, for “coupon,” Br. for “Branch,” guar, for
guaranteed,” end.for “ endorsed.” “ Coupon*” indicates that the bonds are coupon, but may be registered.
These tables
are
“
Date of Bonds.—The date of issue is referred to in this column.
Miles of Road.—Opposite Stocks, this means the miles of road
operated, on which the earnings are based; opposite bonds, the miles covered
13420781888811
by the mortgage.
denominations or par value. The figures “ 100, Ac.,” signify $100 and larger.
but the per cent of last dividend for stocks; g means gold; x, extra; s, stock orsorip.
When Payable.—J. A J. stands for Jan. & July; F. A A., Feb. A Aug.; M. A S., March & Sept.; A. & O., April & Oct.; M. A N., May & Nov.; J. A D.
June A Dec.; Q.—J., quarterly from January; Q.—F., quarterlyfrom Feb.; Q.—M., quarterly from March.
Bonds, principal when due ; Stocks, last dividend.—The date in this column shows the period when the principal falls due of bonds, but the time
Size or Par Value.—These figures are dollars, showing the
Rate Per Gent.—The interest per annum is given for bonds,
when the last dividend
was
paid
on
stocks
STATE SECURITIES.
Subscriber* will confer
a
great flavor by giving Immediate notice of any error
Date of
DESCRIPTION.
Size
Bonds.
For
explanations
see notes
or
par
INTEREST.
1876
1876
1876
1880
Funding “obligates” (tax-reo’ble 10-20 yrs.)
Arkansas—Funding bonds of 1869 and 1870.. 1869 to ’70
1870
Funding Bonds 1870 (Holford)
Levee bonds (or warrants)
1871
Old debt, including interest to 1884
1838 to ’39
1875
To Memphis A Little Rock Railroad
1869
To Little Rock & Fort Smith Railroad....
1870
To Little Rock, Pine Bluffs & N. Orleans RR..
1870
To Miss., Ouachita & Red River Railroad
1870
To Arkansas Central Railroad
1870
1870 & ’72
California—State Capitol bonds
Funded debt bonds of 1873
1873
1865
Connecticut—War bds., not tax., 20 yr.) Coup.
Bonds. 10-20 year
1877
V
or
New bonds (sink, fd.) not taxable
1883
) reg.
New bonds, reg.
1884
do
do
Delaware— Refund’gbds., ser. “A,” “ B” & “C”
1881
School bonds
i872
Dist.of Columbia- Perm’t imp’t, gold, coup
1873
Permanent improvement bonds, coupon
1879
Bds for fimd’g (Act June 10, ’79) coup, or reg.
Fund, b’ds (U.S.guar., Acts June,’74 A Feb.,’75)
1874
Market stock, registered and coupon
1872
Water stock bonds, coupon
1871 to’73
Wash, fund’g, gld,($628,800 are M. AN.,1902).
1872
1871
Florida—State bonds
Gold bonds
1873
1866
Georgia—Atlantic & Gulf Railroad bonds
1866
Bonds, act of Mar. 12, ’66 (renewal W. A A.)..
1870
Quarterly gold bonds, act of Sept. 15,1870..
Substitute b’ds for RR. (B) ($596,000)
do
for Ala. A Chatt. (C) ($1,000,000
Outstanding
$100Ac.
$6,731,000
100 Ac.
100 Ac.
539,000
945,000
954,000
1,850,000
1,268,000
1,986,773
2,491,023
238,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000
500,000
2,698,000
1,741,100
1,031.000
500,000
1,000,000
m
m
m
m
1,000
1,000
100 Ac.
1,000
1,000
-
1,000
1,000
1,000
1,000
1,000
....
500 Ac.
100 Ac.
1,000
1,000
1,000
1,000
625,000
156,750
...
1872
1873
1876
Bonds, act of Jan. 18, ’72
Bonds for funding (Aot Feb. 19, ’73)
•
Bonds to fund coupons on endorsed bonds...
1877
Bonds exchanged for endorsed RR. bonds
1878
Bonds to redeem 6s
1882 & ’83
State University Bonds
1879
Indiana—Bonds, coup, (pay’ble after Apr. 1,’84)
1867 to ’73
School fund bonds (non-negotiable)
1864 to ’75
Kansas—Bonds for various State purposes
1866 to’69
Military loan
Ac.
Ac.
Ac.
Ac.
Ac.
500
100
100
50
50
3,484,600
642,300
948,400
14,033,150
14 6,450
360,000
1,000
100 Ac.
100
100 Ac.
500
500 Ac.
1,000
1,649,150
350,000
925,000
29 l ,500
3,525,500
2,098,000
1,000
307,500
300,000
542,000
1,000
2,267,000
1,000
250Ac.
.
58.138
-
65,000
'
585,000
100 Ac.
.
•
•
•
-
pal—1
Principal—When
Amount
Value.
above.
discovered in tliese Tables.
3,904,783
684,500
221,500
Alabama.—The State gave 30-year bonds, dated July 1, ’76, bearing
till 1881, then 3 per cent till 1886, 4 per cent till 1896, and 5
When
Rate.
'
5
3*2
3hj
4
6
6 g.
7
5
3-65
7
7
6 g.
7
6 g.
6
7
7 g.
7
8
7
6
4
7
5
6
7
7
J.
J.
J.
J.
J.
J.
J.
J.
A.
A.
A.
A.
4.
J.
J.
A.
M.
J.
J.
J.
A J.
A
A
A
A
J.
J.
J.
J.
Due.
Payable and by
Whom.
Payable
3 Ae.
5
4 Ac.
6
6
6
7
6
6
7
7
7
7
7
7 g.
6 g.
6
*
Where
N. Y., Am.
do
do
Exch.'Nat.Bk.
do
do
Montgomery.
J.
J.
J. New York, Nat. City Bank.
O.
O.
O.
O.
0.
J.
Sacramento, Treasury.
do
J.
do
O.
Hartford, Treasury.
N.
do
do
do
do
J.
do
do
A J.
A J.
Phila., Phila. Nat. Bank.
A
A
A
A
A
A
A
A
A
A
A
A
A
....
July 1,1906
July 1,1906
July 1,1906
Jan. 1, 1900
1899
1900
1900
1860
1905
1899
1900
1900
1900
April, 1900
July, 1885 & ’87
1893-94
Oct. 1, 1885
Mayl, 1897
Jan., 1903
Jan. 1,1903
1886,1891,1901
Jan. 1, 1901
July 1, 1891
July 1, 1891
A J. Wash, or N. Y., U. S. Treas.
•
do
A J.
do
A J.
do
do
July 1, 1899
F. A A.
do
do
Aug. 1, 1924
J. A J.
do
do
July 26, 1892
Oct.
J. A J.
do
do
1,1901 & ’03
1892 & 1902
do
do
J. A J.
Jan. 1, 1901
Jan.
N.Y.,Park Bk. A Tallahassee
Jan. 1,1903
J. A J.
do
do
F. A A. N. Y., Fourth National Bk.
Feb. 1,1886
do
J. A J.
do
May, 1886
do
do
Oct., 1890
Q.-J.
do
J. A J.
do
July, 1892
4. A O.
do
do
April 1, 1886
do
J. A J.
do
July 1, 1896
Jan. 1, 1889
J. A J.
do
do
J.
J.
J.
1885
....
1932-33
....
4. A 0.
Various
J. A J.
J. A J.
N.
Y., Winslow, L. A Co.
do
do
N. Y., First Nat. Bank.
do
do
April 1,1889
1886 to ’95
1886 to’99
-
$300,000. redeemable July, 1886 to 1891; series “C,” $165,000, redeem¬
In addition to above, $83,000 is due Delaware
There is no State tax levied, nor assessments made by State
Jan. 1, 1884, the live assets exceeded the debt $304,049.
2 per cent
able
Ser cent
for lastAlabama
10 years,& for
old bonds, endorsed
without any
allowance
for pastcoupons.
Chattanooga
bonds
were exchanged
College.
for $1,000,000 of the new bonds, Class C, to bear 2 per cent till 1881,
and 4 per cent for remaining 25 years. For
endorsements the
bonds issued bear 5 per cent. In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “ State obligations.”
Analysis of the
debt and fimding operations was given in the Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. & Chatt.
RR. under act of Feb. 11, 1870, the State gives thelien on the lands
District of Columbia.—The total assessed value of taxable real
and personal property is shown below. The interest and sinking
fund on the 3-65 bonds are provided for by Congress, and the amount is
limited to $15,000,000.
Real and personal estate, Ac., has been
assessed as follows:
Real Estate.
Personal.
Tax Rate.
ue
railroad
July, 1891 to 1901.
officers.
estate
$87,980,356
$11,421,431
$15
granted to that railroad, 500,000 to 1,200,000 acres. The assessed valu¬
10,895,712
15
,
88,953,078
ation of real estate and personalty was $152,920,115 in 1881, $151,.
90,308,495
9,666,272
15
520,551 in 1882 and$158,518,157in 1883; tax rate 6^ mills in each year,
92,533,665
9,028,812
15
Arkansas. —The State Supreme Court decided Levee bonds of 1869
90,496,331
10,987,443
15
and 1870 invalid ; nor are the Holford or the Railroad Aid bonds recog¬
12,715,686
15
93,491,891
nized by the State. The State is in default for interest, except on the
Florida.—Less the sink, fund of $179,450, the total debt is $1,095,secured sinking fund bonds (Loughborough) issued under the law of 550, which does not include $132,000 bonds of 1857, held by Iudian
December, 1874. In Jan., 1883, a decision was made by the U. S. Cir¬ Trust Fund. About $528,800 of the bonds are held in school funds, Ao
cuit Court, substantially holding the railroad companies responsible
Coupons of all bonds are receivable for taxes. Real and personal property
for the State bonds issued to them, but this was reversed in October assessed in
1882, $45,285,977; in 1883, $35,008,560; tax rate 4 mills.
and the case appealed to U. S. Supreme Court. 8ee the references
Georgia.—The constitutional amendment in 1877 declared void
below. The following are the latest official assessments:
several issues of bonds and railroad endorsements.
There were issued
1881
1882
1883
Real Estate.
Personal.
$41,843,803
56,979,281
$58,445,111
37.101.746
48,382,167
Tax Rate.
7^
7^
7
78,444,227
—(V. 38, p. 738; V. 39, p. 263; V. 40, p. 119.)
California.—The State holds in trust for School and University funds
$400,000 4
canceled.
Years.
1878
1879.
per
cent bonds in 1880, but they have been taken up and
Assessed value and tax rate per $1,000 have been:
Real Estate.
Personalty. Tax Rate.
$134,635,886
134,244,081
$91,585,832
90,849,338
139,657.250
99,276,876
$5*00
350
350
.$486,000 Capitol bonds and also bonds of 1873, in all $2,690,000.
148,057,233
106,195,395
3
Assessed valuations and rate of tax per $1,000 have been:
a
Indiana.—Indiana
made
compromise
bondholders
1846,
with
her
in
Years.
Real Estate.
Personal.
Tax Rate.
$460,694,217
$149,656,007
$640 giving them State stock for one-half of their bonds and overdue coupons,
and Wabash & Erie Canal stock for the balance, about $7,500,000. There
464,082,851
146,180,978
655
446,319,940
120,848,453
596 are also outstanding $340,000 5 per cent bonds, due 1901. held by Pur¬
due University, and about $22,000 miscellaneous issues of bonds.
558,373,786
167,338,644
497.
Valuation made in 1881 of taxable property: Real estate, $543,427,4*2;
Connecticut.—The debt of Connecticut was all created originally for
personalty, $261,775,350.
war purposes.
Assessed valuation and tax rate per $1,000 have been:
Kansas.-Kansas has but a small State debt, but the issue of municipal
Years.
Real Estate.
Personalty.
Tax Rate. bouds was about $15,931,930.
The valuations (about one-half of true
$95,901,323
1*50 value) have been:
$228,987,700
$327,182,435
1 50
Real
Personal
Rate of Tax
Total
332,170,850
1 25 Years.
Estate.
Property.
per $1,000.
Debt.
,
342,242,566
,
1*25
$170,813,373
,
$5 50
$1,181,975
104,916,167
243,858,712
1*25 1882
170,974,017
,
5 00
1,181,975
The assessed valuation of real estate is about 70 per cent of the true value.
1883
....154,929,010
48,030.492
4 30
1,120,175
180,623,238
56,390,518
'
Delaware.—These refunding bouds issued July, 1881, take up out¬ 1881
4 50
874,*00
standing debt.
Series “A” arc $100,000, redeemable 1886; series “B,” —State funds hold $614,500 of the bonds.
February,
STATE
1885.]
Subscribers will confer a great favor
For explanation see notes on first page
.
do
Act 115 of 1867
do
special—Act 32 of 1870
Bonds funding coupons
do
to Boeuf & Crocodile Navigation
Co...
Mississippi A Mexican Gulf Canal..
do
soliool, held by St. Treasurer
to N. Orleans, Mobile & Chatt. RR
do
do
to N. Orleans, Mobile A Texas RR
N. O. Mob. & Texas RR. bonds, end. by State
to
Size
or
Amount
outstanding
par
1853
1866
1867
1870
1866
1870
1869
1857
1870
1871
1869
1874
1880
1864
1868
1880
1838
1838
1838-47
1839
1837
1870
1839
1839
1882
$500
1,000
1,000
1,000
500
100 Ac.
1,000
1,000
1,000
1,000
1,000
Twos, fours and threes (see notes below)
I Coup.
Maine— Bounty loan bonds
Municipal war debt assumed
f or reg.
Four per cent bonds, coupon
Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake & Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore & Susquehanna
Railroad
Chesapeake A Ohio Canal
Baltimore & Susquehanna Railroad
Annapolis & Elkndge Railroad
Defense redemption loan
Deaf and Dumb Asylum Loan
Maryland Hospital Loan, 10-15 years
Maryland State Loan
Treasury relief loan, 10-15 years
Massachusetts— Bounty Fund Loan
1870 A '74
1876
1872
1878
1864
1864
do
do sterling
j
1869
War Loan, sterling
1858 to '61
Troy & Greenfield Railroad loan, sterling
home
1861 to '63
do
do
1871
do
sterling
do
1875
sterling
do
<fc>
dollar bi
1873 to ’74
do
do
do
1875
do
do
do
1877
do
do
1860
Southern Vermont Railroad Loan
Boston, Hartford & Erie Railroad, sterling... 1868 to'69
1874 A'76
Harbor Land Improvement (5-20s)
1874 A'77
Danvers Lunatic Hospital
1875-’76
Lunatic Hospital, Worcester....
1875
New State Prisons, sterling
1865
Michigan— War Bounty Bonus
1882
Minnesota—Adjustment bonds, (10-30, red., '92
1883
Revenue loan (redemption optional)
1868
Missouri—Consolidated bonds
1872
University and Lunatic Asylum bonds
1874
State Bank stock refunding
1854 to '58
Bonds to North Missouri Railroad
1857 to '59
Bonds to Cairo & Fulton Railroad
1859 to '60
Bonds to Platte County Railroad
1854 to '59
Bonds to Iron Mountain Railroad
1853 to ’59
Pacific Railroad of Missouri
1874
Funding bonds
1857 to ’75
Hannibal & St. Joseph Railroad
1874
renewal
do
do
1877
Nebraska—Bonds (act Feb. 14,1877) coupon...
1864
New Hampshire—War loan, coupon bonds
1872
Municipal war loan
1879
Loan of 1879 for refunding
1879
Prison loan
^
1863
New Jersey—War loan bonds, tax free
1864
taxable
do
do
1875
New York—
(
(
1872 ^
Canal
Under Art. 7,Sec
1873
reg. stock. 1 stitution.
]
1874
.
3, of Con-j
debt,]
IiOuislana.-The
Constitutional
•
•
•
•
500 Ac.
100 Ac.
1,000
•
•
•
•
•
»
•
ra
„
„
.
m
....
Rate.
m
m
m
m
1,000
1,000
10,000
5,000
£200
1,000
1,000
1,000
£500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
100 Ac.
1,000
Ac.
Ac.
Ac.
Ac.
lf)0 Ac.
100 Ac.
100 Ac.
500
100
100
100
When
Where
Payable
J. A J.
Various
Principal—When
due.
payable and by
whom.
6
6
8
Various
1886
f $200,0001
6
M. A N.
May 1, 1907
March 1,1875
1885.
80,000
260,000
48,000
70,000
2,500,000
875,000
e
135,000
1,217,234
500,000
4,379,500
4,022,649
1,005,419
5,537,104
1,366,500
3,618,242
1,506,182
300,000
1,300,000
370,000
200,000
3,618,729
300,000
1,500,000
1,299,355
230,000
4,283,000
200,000
2,483,000
185,000
80,000
1,457,000
248,000
431,000
1,192,000
2,555,000
618,000
1,390,000
1,140,000
449,267
150,000
2,206,100
500,000
84,000
997,900
593,400
473,000
1,562,900
4,302,600
2,000,000
amendment passed Dec., 1879,
for fifteen years. There is considerable overdue interest of the years
1874 to 1880, inclusive. The constitution of 1879 limits the power of
taxation to 6 mills on the valuation, of which only 3 mills maybeap-
M. A S.
Amounts not
1886 A '86
J. A J.
fundable,
8
Jan. 1, 1890
J. A J.
80,000 per report of
1899
7*30 M. A 8.
260,000 Jan. 1,1878.
6
1897
Various
48,000
8
J. A J.
70,000
July 1,1910
A. A O. 2,500,000
8
April, 1911
8
875.000
N. Y.f Bank of N. Y.
7
J. A J.
Jan., 1914
New Orleans.
1886 A1914
2,4,3 J. A J.
June 1,1889
6
J. A D.
Boston, Suffolk Bank.
A. A 0.
Oct. 1, 1889
6
Augusta and Boston.
F. A A.
4
Boston, Suffolk Bank.
$50,000 per year.
1889
5 g- J. A J.
London, Baring Bros.
do
do
1889
5 g. J. A J.
1890
5
Q.-J. Balt., Farm. A Merch. Bk.
do
1890
5
A. A 0.
do
do
1890
3
do
Quart’y
1885
6
do
do
T. A J.
do
1890
6
do
Q.-J.
1890
A. A O.
do
6
do
do
do
1899
3*65 J. A J.
do
1885 A '89
6
J. A J.
do
1887 A 1891
do
6
J. A J.
do
1887
do
do
6
1893
do
do
6
J. A J.
5 g. M. AN.
Boston, Treasury.
May 1, 1894
5 g- M. AN.
London, Baring Bros.
May 1, 1894
do
do
5 g- J. A J.
July 1, 1889
do
5 g. A. A O.
do
Apl.7l888 to '90
Boston Treasury.
5 g. A. A O.
April, 1891 to '94
5 g. J. A J.
London, Baring Bros.
July, 1891
Jan. 1, 1895
do
do
5 g* J. A J.
1894
Boston Treasury
5 g. J. A J.
do
do
5 g- J. A J.
Juiy 1, 1895
do
do
5 g. M. A S.
Sept. 1, 1897
do
do
5 g- A. A O.
April 1,1890
Jan. 1,1900
5 g. J. A J.
London, Baring Bros.
5 g. J. A J.
Sept. 1, 1896
Boston, Treasury.
Boston , Treasury.
5 g. Various
J’yl,’94-Sep 1,’97
do
do
5 g. Various
M'yl’95-Sepl,’96
Jan. 1, 1895
5 g. J. A J. London, Baring Bros. A Co.
M. A N. N. Y., Am. Exchange Bank.
7
May 1,1890
1912
J. A J. N. Y. City, First Nat. Bk.
4*2
St. Paul, State Treasury.
J. A J.
4*2
Optional.
1888
6
J. A J. N. Y., Bank of Commerce.
do
do
6
J. A J.
July, 1892
do
do
6
J. A J.
April 1, 1894
do
1885 to'88
do
6
J. A J.
1885 to'89
do
do
6
J. A J.
1889 to '90
do
do
6
J. A J.
1885 to '89
do
6
J. A J.
,
do
1886 to '89
do
do
6
J. A J.
do
do
6
J. A J.
July, 1894 A '95
1887 to '95
do
do
T. A J.
6
do
1894-0-6
do
6
J. A J.
A. A O.
8
April 1,1897
N.Y., Kountze Bros.
M. A S.
Concord or Boston.
Sept., 1889
6
do
do
J. A J.
Jan., '92 to 1905
6
5
J. A J. Bost.,Nat.Bk.Commonw’lth July 1, 1887-’92
do
do
5
J. A J.
July, 1885 to '91
6
J. A J.
Jan., 1886 to '96
Jersey City and Trenton.
do
do
.Tan..'97
to 1902
6
J. A J.
6 g. J. A J. N. Y., Manhattan Co. Bank.
Oct., 1893
do
do
6 g- J. A J.
July, 1887
do
do
6 g. J. A J.
July 1, 1891
do
do
Oct. 1, 1892
6 g. A. A O.
'
1,100,000
provided for a new bond in place of consols of 1874. bearing 2 per cen
for 5 years, 3 per cent for 15 years and 4 per cent afterwards. In June’
1884, the bonds outstanding stamped as 2 per cents were $265,200;
‘•Baby” bonds at 3 per oeut, $1,357,860; bonds at 4 per cent $217,650.
In June, 1882, a constitutional amendment passed the Legislature and
was confirmed at the election in April, 1884, giving new bonds at 4 per
cent after Jan. 1, 1885, and doing away with the provision of 3 per cent
July, 1893
1872 to 1906
'
11,334,400
1,808,350
2,330,000
2,827,900
107,000
1,784,444
2,263,333
309,485
31,069
269,000
528,355
298,435
62,605
3,000,000
222,000
$15,000
119,000
8
6
January,
100 Ac.
500 Ac.
£100 Ac
£200
£200 Ac
500 Ac.
200 Ac.
£500
discovered In these Tables,
Amount
fundable
was ab’t
2013148 288. 811
Consolidated funded bonds
1,000
100 Ac.
error
INTEREST.
Value.
of tables.
Louisiana—Bonds for relief of State Treasury
Bonds in aid of various railroads
Levee bonds—Act 35 of 1865...
do
by giving Immediate notice of any
Date of
Bonds.
DESCRIPTION.
5
SECURITIES
personal property, 1882, about $810,000,000, and tax rate
poses
120100 mills
on
1*108 mills.
for State
pur¬
the $1; in 1883, tax rate, 182100 mills; in 1884,
Minnesota.—All the old State bonds formerly held by the permanent
school fund have been redeemed or exchanged for 4*28. Minnesota re¬
fused for some years to recoguize the “ State Railroad Bonds” of 1858,
to the amount of $2,275,000. but a proposed compromise with the
holders was provided for in 1881, and was carried out by the issue of
the 4*2 per cent bonds. Taxable valuations and State tax have been:
Years.
Real Estate.
Personal.
$208,949,184
$74,329,190
Tax Rate.
propriated for interest on the debt; in 1834 l1^ mills sufficed to pay 2
67,159,588
244,033.847
1*85
per cent, but in 1885 a rate of 2"s was made on a total taxable valuation
255,910,090
1*80
78,549,269
of about $200,000,000. A suit by the State of New Hampshire against
401,028,587
*
Louisiana as assignee of her bonds, was decided in favor of Louisiana Dy
the U. 8. Supreme Court. (V. 33, p. 178, 540, 595, 635; V. 39, p. 3, 181.)
Missouri.—The tax rate is 40c. per $100. Bonds maturing are met
Maine.—The debt January 1, 1885, was $5,266,900. The sinking by sinking fund. Total State debt Jan. 1, 1885, was $11,803,000;
fund $1,826,200.
Tax rate for 1880, 5 mills on valuation of 1870; school fuud and University certificates, $3,440,000; total, $15,243,000.
The Hannibal & St. Jo. RR. paid the State $3,000,000 for its debt, but
1881-82, 4*2 mills; 1883-84, 4 mills on State valuation.
the State refused on Jan. 1,1882, to pay the coupons'on its own $3,000,Maryland.—The State has largely assisted canals and railroads, and 000 of bonds. Litigation between the State and oompanv ensued, re¬
holds $3,992,851 of stocks and bonds ranked as productive; the State
also holds $27,320,539 in unproductive securities, which includes sulting in a judgment against the company for $476,049, as due the State
on
11, 1883; an appeal to the U. S. Supreme Court is yet pending.
The State ex¬ TheMay
$17,566,472 Chesapeake A Ohio Canal interest.
following is a statement of the assessed property in this State for
changes the “Defense Loan” at par for new certificates of indebtedness, the years 1882, 1883 and 1884:
bearing interest at 3*65 per cent, redeemable in 15 years. Assessed val¬
uation, &c., have been:
Real & Personal. Tax per $100.
$459,187,408
^ 18^c.
1881
461,459,939
18^c.
1882
183*c.
464,824,879
18^0.
.1883
466,089,380
1884
18 ^c.
469,593,225
Massachusetts.—The funded debt, Jan. 1, 1885, was $31,432,681;
the sinking funds were $17,731,725. The Hoosac tunnel and connections
cost the State heavily. The loan to Boston Hartford & Erie Railroad
was secured by “Berdell” mortgage bonds, afterwards exchanged for
N. Y & N. E. RR. second mortgage bonds
Assessed valuation, taxrate, Ac., have been:
Personal
Real
Tax per
Total
Sinking
Years.
Estate.
Property.
$1,000.
Debt.
Funds.
1880 ....$1,111,160,072 $316,695,358 $15 35 $32,799,464 $13,050,092
1,149.965,827 883,386,538 14 23 32,399.464 14,080,465
1,189,524,370 812,858,614 15 28 32,511,630 16,944.263
1,226,111,297 835,601,175 14 98 3L,423,680 16,836.672
1,258,452,712 829,339,811 15 95 31,423,‘,8 5 17,731,725
Michigan.—The debt is practically extinguished, as the sinking fund
Years.
.bns sufficient assets to meet the debt.
Equalized valuation of real and
1883.
1884.
$442,826,742
170,813,976
35,626,524
$443,144,455
$496,730,663
$649,867,242
$656,250,413
1882.
Real estate
Personal property
Railroad property....
Total
Nebraska.—The State school fund holds $326,267.
per cent “ Grasshopper” bonds due
and July. Assessed valuation (33*3 per cent of
per $1,000 have been:
$50,000 10
Years.
187,145,751
41,898,845
173.345,191
39,760,767
$725,775,259
There are also
1885, interest paid Jan.
true value) ana tax rate
Personal,
Real Estate,
Railroad, Ac.
$93,142,456
98,53 7,475
110,543,644
126,615,886
•
1883..
1884
Tax Rate.
7 40
7 656^
New Hampshire.—The debt of New Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to be applied to their war debts. Total valuation in 1882
$215,000,000; in 1883, $227,914,543; in 1884, $231,340,088, and rate
of taxation for
all purposes,
$1*496.
STATE
0
Subscribers will confer
a
Date of
Bonds.
notes on first page of tables.
X&rlh Carolina—Funding bonds tax-receivable.
Old bonds not funded
Bonds to North Carolina Railroad
Bonds for N. C. RR. issue (tax receivable cps )
KK. bonds not fundable (Chatham and W. AT.)
1879
Penitentiary bonds, act Aug. 24, 1868
Special tax bonds
Ohio—Registered loan of 1881
Registeied loan, payable after Dec. 1886
1868
Amount
outstanding.
$50 Ac.
$2,803,796
500 Ac.
1,060
2,999,600
765,000
2,030,000
1,180,000
1,000
44,000
1,000
11,366,000
1,825,000
Rate.
1
8
2
3
.
4
028 1180823. 81
1,060
1881
1856
1877
1879
1882
1882
1872
1S63
Registered bonds, tax free, 15-25 years
(registered)
in ten series
Agricultural College land scrip
1.000
100
100
100
100
50
50
Payment of interest
Funding bank bills
Conversion bonds and stock
Consol, bonds and stock (Brown)
Tennessee— Funding bonds, act of 1873
Bonds
regist’d, act of 1873,($292,300 are 5s)..
Hold by E. T. University (not tr* be funded)..
Compromise bonds (act of May 20, 1882)
1882
...
Settlement bonds, act of 1883
do
•
5 & 6 per cents
do
Texas—Funding State debt (act May 2, 1871)...
Redemption of debt, act Aug. 6, ’76.
Bonds, act April 21,1879
•
•
738,000
154,273
27,250
.
1,000
1,000
1,000
46,250
55,200
5,200,433
(?)
(?)
397,000
(?)
3,445,300
1,180,033
500 Ac.
m
m
m
m
.
1872
1871
1872
1874
1876
1,000
1,000
1,000
1879
100 Ac.
m
1,647,000
1,068,900
216,641
320,367
•
m
Bonds issued to School Fuud..
Virginia--Old bonds, 23 fundable
Old bonds sterling
/nnt
\
Consol, (act Mar. >71 AAim
do
do
reg.
do
(act 187i
do
“ Pealer,” reg. and certifs
do
o T»
Deferred certificates (W. Va.)
10-40s, act March 28, ’79, coup, and reg.
do
do
sterling
1851 to ’66 500 Ac.
1851
£100 Ac
1871
100 Ac.
18,1
100 Ac.
1872
100 Ac.
1872
1871
Various
1879
1879
1882
100 Ac.
_
m
3,162^832
1,254,817
13,020,200
1,318,552
464,100
635,163
w
15,239,370
7,587,300
4,360,256
$548,495,069 in 1883, $534,917,876 in 1882, $527,451,222 in 1881,
$518,617,518 in 1380 and $508,892,338 in 1879. State school tax, 2 mills.
New YorR.—The financial condition of the State has been fortified by
the payment of all debt except the canal debt, as above. The sinking
funds in January, 1835, amounted to $3,918,501.
The new Capitol
building has cost the State thus far $16,500,000, but this has been paid
taxation. Valuations and tax rate for State purposes have been :
for by
Real estate.
Personal.
State tax.
$2,333,669,813
$352,469,320
28«31000
2,315,400,526
'322,468,712
3*a
1881
2,340,335,690
340,921,916
2*4
1882
2,432,661,378
351,02 L,189
2*45
1883
2,557,218,240
315,039,085
3t*
1884
2,669,173,311
345,418,361
2^40
North Carolina.—Interest was paid for some years only on the
bonds issued to No. Car. RR as the State holds $3,000,200 stock and re¬
ceives dividends thereon. The old North Carolina RR. construction
bonds are exchangeable for the new 6s, due 1919 (see V. 35. p. 132). and
many'nolders have already so exeuanged. The funding law of March 4.
1879, provided for fiindiug old ante-war bonds at 40 per cent of the fa-e
value; “ New” railroad bouds recognized as valid at 25 per cent; fund¬
ing bonds of 1866 and 1868 at 15 per cent. Nothing for overdue cou¬
pons. Coupons of the new bouds are receivable for taxes. The funding
ended .Tan. 1, 1832, but was continued In April, 1833, till Jan. 1, 1885,
If all were funded the new 4 percents would be $3,539,511. Special
tax bonds were ignored; also bonfisto Chatham RR., 1868, $1,0 it),000,
and to Williamston A Tarb. RR., $150,000, aud for Penitentiary under
1879
.
,
acts of 1868.
Assessed valuation of real estate is about 60 per cent of true value.
Valuations and tax rate per $100 have been:
Real estate.
Years.
Total valuation. Tax pr.$ 100
Personalty
$102,348,21«
104,742,911
108,98 8,18 4
124,135,377
—
$67,563,691
62,995,728
71,339,341
77,087,346
(V. 38. p. 509, 679; V. 40, p. 93.)
Ohio.—Ohio has
a very
$169,916,907
167.738.639
180,377,52 5
201,222,723
28
.
-
296^300
New Jersey.—The debt was created for war purposes.
Valuation
of real and personal property (taxable), in 1884, $554,828,114, against
23
25
25
small State debt, but large local debts,amount¬
ing in 1884 to $49,277,173, against $-5,957,538 in 1375; this increase
bemgmainly in city debts. Valuations in Ohio have been as follows:
Real estate.
Real estate.
Personalty.
Persoualty.
1866.. $663,647,542 $442,561,379 1881.$1,101,457,383 $435,750,196
1878.. 1.091.116,952 461,460,552
1332. 1,116,681,655 518,229,079
1879 .1,093,768,94)4 442,979,885 j 1833. 1,131.058,750 512,207,121
1880. 1,102,049,931 456,166,034 | 1834. 1,145,475,210 528,293,871
—State tax rate for 1883-84, 2*J0 mills; for 1832-83, 29,0 mills.
6
6
6
6
6
6
6
6
6
6
6
6
5 A
6
3
5 A
6
7
7
7
6
5
5
6
6
5
6
6
6
6
6
3 to
3 to
3
When
Payable
....
....
g.
g.
g.
g.
g.
g.
6
q
•
6
g.
g.
g.
g.
•
due.
Y., Nat. Bk. of Republic.
do
do
do
do
do
do
do
do
New York.
do
April 1, 1919
1868 to ’98
Harrisburg, Treasury.
Providence, R. L.H. A T. Co.
do
1909
1868 to ’98
1884 to ’85
do
Columbia, State Treasury.
Oct., 1898
1898 to ’99
it
will, !885-’88
Jan. 1887
Feb. 1, 1902
Aug. 1. 1904
Feb. 1. 1912
lug. 1, ’85 to ’92
1922
July 1, 1F93
Aug. 1, 1894
1871 & ’81
Columbia aud New York.
J’ly 1,1887 to ’97
,1’ly 1,1875 to’79
Columbia and New \ork.
July 1, 1888
do
do'
July 1, 1888
do
do
July 1, 1889
do
do
July 1, 1882
July 1, 1893
N, Y., National Park Pank.
Nashville, Treasurer.
July 1, 1914
Columbia, Treasury.
do
do
do
1875 to 1900
do
Vaiious.
Jan. 1,1912
New York, Cont’l
Bank.
•
.
Various
State Treasury.
M. A S. New York, Bank of N. Y.
J. A J.
do
do
JJ. A J.
do ‘
do
J. A J. New York A State Treasury.
J. A D.
do
do
J.
J.
J.
J.
J.
J,
5
5
J.
A.
J.
J.
J.
O.
O.
J.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
apaiPrincipal—When
by
0.
D
J. N. Y., American Exch. B’k.
J.
do
do
A. Phila, Farm. A Mech B’k.
A.
do
do
A.
do
do
A.
do
do
A. A
A. A
J. A
J. A
F. A
F. A
F. A
F. A
J.
F
J.
J.
J.
A.
A.
J.
J.
J.
J.
J.
J.
J.
f
Where Payable and
Whom.
J. A J N.
Various
Various
A. A O.
3, 4, 5, 6
67,000
499,000
467,000
288,000
1,000
.
1832.
128,000
1,000
1,000
1,000
•
•
56,000
14,COO
500 Ac.
500 Ac.
500 Ac.
4
6
6
6
6
6
6
4
6
5
4
3*2 A 4
312 A 4
631,000
50 Ac.
i.883
'
1,917,000
6,864,200
1.870,600
500,000
1,000
1,000
1,000
—
1866
1854
1868
1868
1863
1869
1874
1874
Various.
2,276.214
7,767,300
....
Rhode Island—War bonds
1864
War bonds
South Carolina—State House stock and bends.. 1853 to ’54
Funding bonds and stock
Blue Ridge Railroad bonds
Funding bills receivable
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
';
INTEREST.
Size or
par
Value.
1879
Pennsylvania—Reg. bonds, tax fr. (red’bie’92).
Loan of February, 1882
do
do
[Vol. XL.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation see
SECURITIES,
J.
J.
J.
J.
A
A
A
&
A
&
A
A
&
A
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
N. Y., Winslow, L. A Co.
London, Baring B. A Co.
Richmond, Treasury.
do
do
1891
1911
1892
March 1,1904
July, 1906
1909
1886 to ’95
1886
1905
1905
'
....
Contingent
1919
1919
Richmond, Treasury.
July 1, 1932
amount invalid, $699,149.
The old issues yet fundable on Nov. 1, ’83,
total of about $625,000. Valuations and rate of
tax per $1,000 have been :
Years.
Real estate.
Personalty.
Railroads.
Tax rate.
were
estimated at
1830-31...
a
$76,583,866
$36,574,858
43*
$7,392,900
'
41.785,768
77,609,666
13,767,400
5
48,249,939
87,13 L,400
15,227,964
5
183 4-85...
87,559,538
46,904,705
15,263,366
5
Tennessee,-A funding law was passed (actof May 20, ’82) without
the tax-receivable coupon clause, aud giving new bonds at 60 per cent
of the principal and interest of old, the new bearing 3 per cent in 188283, 4 per cent in 1834 and 1885, 5 per cent in 1886 and 1887, aud 6 per
cent 1833 to 1912.
Exchanges were made in New York July, 1883,
and $3,224,351 of these compromise bonds were issued.
The Legisla¬
ture of 1833 repealed this law and passed a new
one-adjusting the debt
on the basis of new bonds at 50 per cent of the face value or
old, and
beariug 3 per cent interest; the old State debt proper of $2,118,000 is
made an exception, aud new 5 and 6 per cent bonds are to be issued for
that at the face value.
Up to December, 1384, of the old 5 and 6 per
c mt bonds about $900,000 had been exchanged, and of the other debt
$6,910,181 had been scaled and $3,445,300 3 per cents issued. Assessed
valuations aud tax rate per $1,000 have been as follows :
Real estate.
Other property. Railroad prop’ty. Tax rate.
$200,007,214
30
$25,232,659
$
195,383,568
26,546,245
20
1383
195,753,4L4
26,884,459
30
31,547,299
1884
200,212,900
26,631,284
30
34,350,170
—(V. 38, p. 295; V. 39, p. 454, V. 40, p. 121.)
Texas.—The old high-rate bonds have been redeemed and low interest
bonds issued. Assessed valuations and rate' of tax per $ L ,000 have been:
....
Years.
1880....
1881....
1832....
1884....
Real estate.
197,16 7,630
216,228,017
Personalty.
121,803,106
140,009,000
Total val’ation.
Tax rate
318,970,736
357,000,000
400,000,000
603,009.000
Virginia.—The law of March 28, 1879, for ref undiug the debt, was
given in CHKONrcms, Vol. 28, p. 353. The new bonds were 10-40 year
bonds, bearing 3 per cent for 10 years, 4 per cent for 20 years
and 5 per cent for 10 years, coupons tax-receivable,
in February,
1832, the Ruldleberger law for re-adjusting the debt and the laws known
as “Cmipou killers”
Nos 1 and 2 were passed (see V. 34, p. 88.) The
Riddleberger act provided for the issue of new bends, dated July 1, ’82,
into wnicball others con'd be fuudod at specified rates below
par, varv*
iug from 47 to 31 on the different classes.
Up to Februai y, ls85,
there had been surrendered a total of $6,509.992bonds, coupons, certifi¬
cates, Ac., of all sorts, for which $4,360,256 of 3 per cent bonds had
been issued.
The amounts in table above of other bouds
outstanding are
revised to Jan. 1, 1835. The Supremo Court of the U. 8. held
(V. 36, p.
285), that t he law requiring the validity of the coupons to be established
before a State court did not impair the contrast
making them receiv¬
able for taxes, and was therefore constitutional, but the case is to be
j re-opened ia same court on appeal, as Judge Bond of the U. S. Circuit
llliode Island.—The debt was all created for war purposes.
In Court in Virginia decided after this Supreme Court decision that a tender
January, 1833, the net debt, less sinking fund, was $1,382,315. The' of coupons
was sufficient for the taxpayer.
Other decisions favorable
State valuation of real property in 1883 was $328,530,559; tax rate, 12
to the taxpayers were made in February, 1885, and the
argument before
cents on $100.
the U. S. Supremo Court is awaited to setrle the
controversy.
South Carolina.—The funding law of Dec. 23, ’73, nrovided for
Assessed valuations have been as follows :
scaling down the old debt 50 percent. The consols were again “re¬ Years.
Real Estate.
Personalty.
Total.
Tax Rate.
adjusted ” iu 1879. The several acts were passed Dec. 3, 1873. Dec. 24,
$
232,386,357
$77,666,765
$310,053,122
40c.
18 78, Dee. 2 4, 1879, and February, 1880.
In November, 1834, the con¬
236,363,227
81,789,710
318,157,937
40o.
sols stood at $6,163,306. which amount was made up as follows: Brown
Is84...
239,826,090
68,974,040
328.809,040
40c.
consols, $5,200,433; green consols not yet exchanged, $963,372, less
—(V. 38, p. 62, 350, 447; V. 39, p. 158, 183, 235, 316.)
j
Pennsylvania.—Sinking fuud Dee.. 1834, $1,274,801.
is raised
Revenue
principally from corporations. Taxes are levied on personal
property. The State holds $5,160,000 in good railroad bonds. Any
coupon bonds may be changed to registered.
Real estate valuation in
1884, $1,600,009,000.
SECURITIES.
CITY
February, 188o.
Subscribers will confer a great favor
by giving Immediate
these Table*.
notice of any eyror discovered in
INTEREST.
DESCRIPTION.
For explanations see notes on first page
Albany, N. Y.—Purchase Congress
City improvement
New Post Office
Hall Block..
site
High School
Water debt ($400,000 due 1900-3, are 7s)
Western Avenue improvement bonds
New City
Size
bonds.
par
value.
of tables.
Washington Park
•
Date of
Hall
South Pearl Street bonds
Bonds loaned to Albany &
1866
1870-’71
1870-’82
1874
1875
1874-’80
1877
1882
1882
1865
Amount
oi-
mtstanding.
448,000
1,048,000 4, 5, 6, 7
7
115,000
20,000
1,090,000
110,000
145,000
62,000
860,000
365,500
400,000
418,000
427,000
1,000
Susquehanna RR..
’66-’67-’72 50t)*&c.
Atlanta, Qa — Bonds for streets, floating debt...
1809-’70
1,000
Bonds for A. L. Railroad and State House
1870 & ’72 500 &c.
Bonds for West. RR. and floating debt
1874
1,000
Bonds, 1st and 2d series, waterworks
500 <fcc.
1877
Redemption bonds
1875
77,500
52,000
68.500
1,000
1,000
83281 81
do
do
1881
1879
Bonds to fund floating debt...'
Capitol bonds
.’
Augusta, Qa— Bonds for various purposes......
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1916
Funding loan, reg. stock, tax free
Consolidated bounty loan
Exempt bounty loan
Fublic parks (Druid Hill)
Park improvement loan
Patterson Park extension
Five million loan to Baltimore & Ohio RR....
One million loan to Pittsb. & Connellsville RR
New City Hall
1881
Various.
Various.
1877
1878
1863
1865
1860
1863
1853
1853
1870
1874
1864
do
Consolidated loan
do
1881
1870
1872
Paving loan
Funding loan
Western Maryland Railroad
Jones’ Falls ($957,000 are 5s)
Valley Railroad
1872-’84
Water loan ($263,000 only are 6s)
Harford Run improvement loan
Western Maryland RR. loan ($684,000)...
Endorsements for Western Maryland RR
do
do
Union Railroad
Municipal loan.
water loan
(auii ruu. aa,
uuuu», uuup.
European & North American Railroad
Bangor & Piscataquis Railroad
Bath,Me.—Fund, debt ($78,000are 6s,’97, J.&J.)
Knox & Lincoln RR., for stock and coupons
Androscoggin Railroad..
Knox & Lincoln Railroad ($23,750 each year
do
do
(F.&A. and M.&S) ..
Railroad refunded
Boston— City pm poses, war
City debt and Roxbury
do
registered
do
do
do
do
debt. &c
and Charlestown
City debt
Mystic water debt, assumed.
Cochituate Water loan, 6 per cent.
'
Mount
5 per cent
4 per cent
Sterling
5 per
cent gold
4*e
do
4
4 per
do
cent
Prospect Square loan.
Soldiers’ aid fund
&c.
2,211,068
&c.
&c.
410,353
555,566
185,723
200,000
*&c.
&c.
1873
1874
1880
1882
100 &c.
100
100 Ac.
1865 to ’72
1874
1,000
1,000
loan
local..
do ..
do
do
SouthSeventli st.
do ..
Union street improvement loan, local....
do
do
Fourth avenue
do
Wallabout Bay
do
do
Gowanus canal improvement loan,
Bush wick avenue
do
do
1875
1869
500 &c.
1869
1869
50-» &C.
Various.
Various.
Various.
Various.
1,000,000
1,000,000
500.000
1,029,061
1871-’72
Various.
186i
800,000
1,000,000
1852 to ’64
1864 to’80
1,000
1,000
1878-’82
....
|
559,700
247,000
1,280,000
9,932,500
8,855,000
....
.
.
.
.
_
m .
£100&e
JElOO&e
1869
1862 to’93
1,000
1866 to’76
1875 & ’78
1878
£100* &c
1872
1861
1857
1865
1866
1865
1866
1867
1868 & ’69
1867
1870
840,000
4,897,000
13,000
588,000
1,947,274
686,000
931,000
213,000
1,000
1,000
1,000
1,000
1,000
1,000
90,000
552.000
68,000
101,000
115,000
1,000
1,000
223,000
1,000
1,000
..oaton, Merchants Bank. Feb.. 1885
’
A.
to
’94
1S8 4 to 1900
1910-’21
New York.
a
Albany.
....
1895-’97
1886 & 1892
J. A J., 1890
J. & J., 1902
M. & N. N. Y., Del.Cc Hud. Canal Co.
New York, Park Bank.
J. & J.
do
do
J. & J.
do
do
L & J.
J. & J. New York, Fourth N. Bank.
Atlanta or New York.
J. & J.
do
do
M. & S.
do
do
J. & J.
New York, Park Bank.
J. & J.
New York and Atlanta.
J. & J.
Various
Augusta, Treasury.
Jan, 1, 1904
Jan. 1, 1897
Sept. 1, 1885
July 1, 1911
1836-1896
1914
1884 to 1906
July 1, 1890
July 1,1916
Balto., Farm. & Plan. Bank.
Q.-J.
M. &
M.&
M. &
M. &
N. Balto., Nat.
do
N.
do
S.
do
S.
Merchants’ Bk.
After July, 1916
do
do
do
Sept. 1, 1893
Sept. 1, X893
Sept. 1, 1890
Jan. 1, 1895
Q.—M. Balto., Nat. Mechanics’ Bk.
do
do
Q.—J.
o
J
1920
Jan.
Jan.
Balto., Farm. <fe Plan. Bank.
J. & J. Balto., N. Mechanics’ Bank.
Q.-J. Balto., Farm. & Plan. Bank.
do
do
Q— J.
4
5 g6
4
5
7
268,000
1,000
1,000
4
6
8
7
8
7
8
10
5
6
6
6 & 7
6
5
5
6
6
6
6
4
6
6
6
6
5
4
6
6
230,000
160,000
3,068,291
.
1,000
Due.
wnom.
New York and Albany.
N.
May 1, 1904
N N Y., Merchants’ Nat. Bk.
1884 to ’85
do
do
N.
Feb. 1,1883-1912
do
do
F. & A.
Feb. 1. 1883-4-5
do
do
F. & A.
do
do
July 1,1905 to’10
J. & J.
4^g.
4,997,604
1879
1879-’80
1883-’84
F. &
m. &
M. &
M. &
M. &
Principal—When
payable and by
Payable
450,000
490,000
3,552,000
1875-’7C
7
6 & 7
6
Where
When
Q.-J.
1, 1886
April 15,1900
March 7, 1902
After 1895
do
do
Q.—J.
1, 1890
After Nov. 1,1920
City Register’s Office.
July 1, 1900
Balto., Farm.&Plan. Bank.
Jan. 1, 1902
J. & J. Balto., N. Mechanics’ Bank.
April 9, 1900
do
do
3*65,5&6
Q.—F.
1,957,000
Oct. 31, 1886
do
do
6
a:& o.
1,015,300
July 1, 1894,1922
4,500,000 4, 5 & 6 J. & J. Balto., Nat. Merchants’ Bk. After Jan. 1,1920
4
J. & J. Balto., City Reg’ter’s Office.
250,000
July 1. 1925
4
617,000
Jan. 1, ’90 & 1900
6
J. & J. Balto., N.Mechanics’ Bank.
1,375,000
Jan. 1, 1895
6
J & J. Baltimore, Franklin Bank.
117,000
1885 and 1892
6 & 7
Various Boston, Merchants’ N. B’k.
100,000
Jan. 1, 1894
do
do
6
J. & J.
100,000
do
do
July 1, 1905
6
J. & J.
500,000
Jan. 1, 1894
do
do
6
J. & J.
1,000,000
Abril 1, 1899
do
do
6 & 7
A. & O.
925,000
1887 & 1897
City Treasury.
5 & 6
M. & 8
180,500
1885 & 1893
6
Various Boston, Second Nat. Bank.
154,000
Jan. to Oct. 1891
Citv
Treasuryand
Boston.
6
A.
&
O.
425,000
J. & J. Boston, IIide& Leather BU. July 1,1884to ’99
5
6
1891 & 1902
500,000
1,000
1875-’83
1860 to ’73
1860 to ’72
Prospect Park loan.
5,000,000
-
i*873
loan
do
do
do
do
do
do
do
&c.
&c.
&c.
385,000
55,000
2,057,000
7,306,546
5,000,000
1,000,000
100 &c.
100 &c.
100 &c.
100 &o.
100 &c.
100 &o.
100 &o.
100 &c.
100 &c.
1879
1877
Various.
West Roxbury
Burnt district, sterling
do
do
do
do
do
do
do
100
100
100
100
100
100
100
100
6
7
$150,000
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Rate.
194,000
175,000
3,000,000
4*$
5 g.
5 g.
5 & 6
6
5
4
5 g5 g.
41eg.
4 g.
4
7
6
7
7
7
7
7
6 & 7
7
7
9,245,237 4, 5, 6, 7
7
8,019,000
6
1,217,000
M?& N.
Q.-J.
Various Boston, Second Nat. Bank.
J «& J
V arious Boston, Treasurer’s Office.
do
do
Various
do
do
Various
do
do
A. & O.
do
do
Various
do
do
Various
do
do
Various
London, Baring Brothers.
A. & 0.
do
J. & J.
Various Boston, Treasurer’s Office.
do
do
Various
do
do
Various
do
do
A. & O.
A. & O.
A. & O.
A. & O.
Various
M.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
N.
J.
July 1, 1902
1885 to ’87
1885 to ’97
1887-1913
Oct., 1389
1887
Various.
188 •> to 1894
April. 1893
July, 1899
1885 to 1913
1897 to 1908
1907-1908
1908
Oct., 1902
1905-1908
London, Baring Brothers.
Boston, Treasurer’s Office.
do
do
do
do
do
do
Brooklyn.
do
do
do
do
do
J.
J.
J.
J.
J.
J.
J
J.
J.
J.
J.
do
do
do
1909
1909-1912
1913-1914
Igs
.
fcl
*
e£S
do
do
do
do
6
l
1891
1887
1885 to’90
1885 to 90
1885 to ’90
1885 to ’90
1885 to ’86
1885 to ’95
1885 to ’90
1899-1924
1905 to 1921
1915 to’24
1924 to’28
Batb, Me.—The city holds a first mortgage on the Androscoggin road
Albany.—The loan to Alb. & Susquehanna is secured by first mort¬ for
the debt, and second and third mortgages on the Knox & Lincoln for
gage. The valuation of Albany County in 1882 was, approximately: Real its proportion of $895,000 out of a total of $2,395,000 bonds issued by
estate, $81,604,218; personal, $7,8*. ,366 -estimated to be about three- several cities in aid of the latter road. Tax valuation, 1881—real estate,
fourths of true value. City tax rate 1882,1‘86. Population, 90,758 in
$6,511,335. Tax rate, $25 per $1,000; 1882, $6,847,945; rate, $25i
1880; 69,422 in 1870.
1883, valuation, $7,084,825; rate, $25.
Atlanta.—The total bonded debt Jan. 1,1884, was $2,196,500. As¬
Boston.—The population of Boston in 1880 was 362,839; in 1870,
sessed value real of estate in 1883, $18,268,209; personal, $8,194,475250,526. against 177,840 in 1860. The total funded debt April 30,
Population, 37,409 in 1880; 21,789 in 1870.
1884, was $43,185,669, and net debt, $26,344,494. The tax levy in 1884
Augusta.—Of this debt, $600,000 was issued for railroads, and bal¬ is divided as follows: State, $770,740; county, $301,630; city, $10,216,ance tor canal enlargement, water works, &c. Sinking funds, Jan. 1,1881,
029. The rate on $1,000 on valuation of 1884 is as follows: State,
$248,300. Taxable valuation in 1883: Real estate, $12,000,000; per¬ $1; county, 29c.; city, $15 71; total, $17 00, against $14 50 on
has been:
sonal, $6,020,010; tax rate, $ I 87*2 per $100. Population in 1870, valuation of 1883. Assessed valuation on May 1 for four years
Net Debt.
Personal Estate. Tax Rate.
Years.
Real Estate.
15,339; in 1880, 21,891.
$26,005,620
$210,165,997
$13 90
$455,388,600
Baltimore.—The total not debt over and above productive assets, on
24,261.661
204.785.000
15 10
467,705,100
which the city is chargeable with interest, was $6,175,503 on Dec. 31, 1882
24,858.817
203,966,700
14 50
478,402,800
1884. The Baltimore & Ohio Railroad pays interest on $5,000,000. 1883
26,344,494
194,517,300
17 00
483,130,700
Water loan is paid by income of water works, and Public Park by City 1884
Passenger Railway, and against a total debt of $37,513,591 the city Is
Brooklyn. —The whole city debt was as follows Jan. 1,1884 and ’85.
Jan. 1,1884.
Jan. 1,1885.
chargeable with interest on only $21,352,185, and holds productive
assets, including the sinking fuuds, equivalent to $15,176,6 82, leaving Permanent debt
$24,361,788
$26,365,237
11,158,000
Water loan
10,452,000
only $6,175,503 as an absolute charge for interest. There are
$5,559,820 of unproductive securities. Population in 1870, 267,354; ’u Debt payable from assessments
4.951,000
4,754,000
1880, 332,313. Assessed valuation and tax rate have been:
Tax certificates
3,000,000
3,000,000
-
held
Personal
Real
Years.
-1S84
Estate.
$187,636,451
189,91 <,494
191,516,113
Assessed valuat’n is near
Total
Valuation.
Property.
$51,597,605
$246,230,189
58,889,733
53,133,586
249,651,699
248,803,232
Rate of Tax
per
$1,000.
13 70
15 00
16 00
the full cash value.
Eu. & No. Am. R. R. to Bangor & Pis. R*
those roads, and interest fully paid
full value) and tax rate have been:
5 ears.
Real Estate.
Personalty.
Tax rate.
$3,414,703
$2,893,130
2*34
6,443,293
2,738,414
Municipal property, including water works, $808,000
Population,
16,351 in 1880, 18,^29 in 187o.
Bangor, Me.—The loans to
R. are secured by first mortgages on
from the earnings. Valuations (near
$42,764,788
Gro38 debt
Less sinking fund
5,716,608
$37,043,179
Net debt
Population in 1870, 396,099, against 566,663 in 1880.
property and tax rate per $1,000 for five years have been:
Years.
Real.
Personal.
$45,277,237
6,471,606
$39,805,630
Valuation of
Rate.
$264,404,017
$14,383,541
$23 16
18,135,909
26 01
280,800,597
1894
297,126,666
20,727,406
26 3q
Thi debt of Kings Co inty, separate from the debt of Brooklyn, Is
aubut. $4,000,000, of which the city is responsible for nineteentwentieths.
8
CITY
Subscribers will confer
a
SECURITIES
[VOL. XL.
great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Date of
Bonds.
For explanations see notes on first page of tables
Size or
par
Value.
INTEREST.
Amount
outstanding.
When
Rate.
Payable
Where Payable and
Whom.
Principal—When
by
Due.
Brooklyn—( Continued i—
Permanent water loan
do
1857 to’72
1872-’75
do
Sewerage fund bonds, continuous, local
Assessment fund bonds, continuous, local
Various.
Various.
Temporary tax certificates
Various.
1884
Certificates of indebtedness
Bonds to pay arrears to county
Arrearage bonds, reg. (redeem,
Award bonds for lands taken
$1,000
1,000
1,000
1,000
®
ra
®
©
•
.
•
©
_
r
^
2,468,000
3,000,000
968,000
'
.
in 1894)
1884
Buffalo, A. r.—Funded debt bonds
200,000
3,915.500
2.871,882
467,937
220,000
150,000
703,000
689,000
100,000
waterworks bonds
1877-83
l,000&c
1,000
1,000
338811 8 1
Cambridge, Mass.—City bonds
City bonds
1864 & ’77
1863
do
do
Water loan
do
do
do
(reg.)
1870 to ’77
1867 to ’69
500 Ac.
874,000
1,000
1878
1,000
437,000
48,500
92,800
7
do
coup, or reg
1866
....
....
do
500.000
....
1878
1879
109,500
3,413,600
100 Ac.
Chelsea, Mass.—Sinking iund bonds
358,800
25,000
Bonds
Funded debt, coup
do
notes
Water loan, coup
....
1,000
....
....
1,000
....
Chicago—W ater loan
500,Ac.
1,000
....
Water loan
Water loan (refunding)
....
1882
Sewerage bonds
100, Ac.
500 &c.
....
do
1880
River improvement bonds
....
1,000
1,000
....
Municipal bonds
....
Municipal and School bonds
500 Ac.
Municipal bonds (refunding loan)
Cook County debt
1881
Cincinnati— Bds.toO.&M.RR.to pur. whf. prop. N
....
1865 to ’80
1855
500 Ac.
1,000
Bonds for erection of a Workhouse
X
1868
1,000
Bonds for Water Works
C3
1869
1,000
Bonds for Common School purposes
1863
P
1,000
Bonds to O. & M. RR. to purchase whf. prop. .N
1855
1,000
Bonds for ext. and impr. Water W. .C, D. & E 1847 to ’50 500 Ac.
Bonds for funding floating debt
A2 1847 to ’48 500 Ac.
Bonds for new Hospital
S&S2
1867-’68
1,000
Bonds for funding floating debt
1853
L
1,000
Extension and improve. Water Works.. .K &F
1851-’53
1,000
Bonds to purchase Orp’n Asyl. grds. for park.O
1858
1,000
Bonds for sewerage
1869
1,000
R
Bonds for improving Gilbert avenue
1869
U
1,000
Bonds to build Eggleston avenue sewer....B3
1869
1,000
Bonds for improvement
W
1871
1,000
Bonds for Water Work purposes
C4&C5 1871-’72
1,000
General improvement
W2
1871
1,000
Cincinnati Southern RR
500 Ac.
1872
do
do
1872
1,000
do
do
($3,200,000 are gold 6s)
1876
500 Ac.
do
do
1878 & ’79
1,000
1874
Floating debt bonds, coupon
1,000
1875
1,000
Water-works bonds
D1
1875
1,000
Bonds for McLean Ave. sewer
U2
1879
1,000
Hospital bonds
S3
1876
Street improvement bonds, short
1876 to ’83 Various
Consol, s. f. bonds, 30-50 yrs. (Act Apl. 9, ’80.
1880
1,000
do
do
do
1881'
1,000
Work House and Infirmary
1882
100
1881
100 &c.
Deficiency loan (redeemable after 1891)
Cleveland— Water works ($200,000 are 6 p. ct.). 1872 to’84
1,000
Funded debt ($203,000 6s, $32,000 5s)
1869 to’»4
1,000
Lake View Park
1.000
4872 to ’74
Canal and canal lock ($11,000 are 6s)
1874 to ’79
1,000
School ($100,000 are 6 p. ct.)
1869 to ’73
1,000
House of Correction
1868
1,000
Main sewers, special assessment
Various.
100 Ac.
Street improvem’ts do
Various.
100 &c.
Street damages, Ac., do
Various.
100 Ac.
1876
Infirmary
1,000
Viaduct (mostly F. & A., A. & O. and J. & D.) 1873 to ’78
1,000
Dts Moines. Iowa—Renewed judgment bond
1875
1,000
Funding bonds, redeemable 1878
1878
1,000
Coupon warrants and sewer and paving bonds 1882 & ’84
-
....
....
'
98,097,000
'
8,796,675
16 13
16 27
Buffalo also pays 7-10 of Erie
county debt. Coupon bonds are exchange¬
able for registered. The interest on different bonds is 3^, 4, 4^, 5, 6
and 7 per cent. Population, 155,134 in 1880; 117,714 in 1870.
Cambridge, Mass.—The sinking funds, Nov. 30, 1884, amounted to
$1 ,377,358. The investments are nearly all in city bonds at par and
stamped “not negotiable. Valuation, 1883, real estate $39,821,700;
personal $11,975,640.
Valuation in 1881, $41,289,200 real estate and
$11,612,300 personal; total, $52,901,500; tax rate, $1 68 per $100.
Population, 52,669 in 1880; 39,634 in 1870.
Charleston, S. C.—The bonds of Charleston are mostly held within
the State of South Carolina. Conversion bonds of 1878 and 1879 are
issued in exchange for city stock, Valuations and tax rate per $1,000
have been:
Years.
Real Estate.
Personal Prop
Tax Rate.
$15,454,010
$7,926,602
16,016,100
$22 50
7,419,784
16,249,365
8.186,216
23 80
20 00
—Population, 49,984 in 1880; 48,956 in 1870.
Chelsea, Mass.—Sinking fund, Jan. 1, 18S4. $248,880, and debt,
$1,661,800. Tax valuation, 1883, $17,374,335; tax rate, $18 40. Valu¬
ation in 1882. $17,029,722; tax rate, $18 80.
Population, 21,782 in
1880: 18,547 in 1870.
Chicago.—The city debt is limited to 5 per cent of the Illinois State
valuation. Of the funded debt, $3,955,000 is on account of the Water
Works, which yield an income much above 1 he interest charge on the debt
Equalized Value.
—s
Tax Rate
Years.
Real Estate.
Personal, per $1,000.
1880
$89,031,955
$28,101,678
$33-33
90,099,045
29,052,906
34-72
95,881,714
29,052,906
33-72
.
&
J.
.
....
J. A J.
A. & 0.
7
6
4
4 & 6
J.
Brooklyn.
do
do
do
do
do
do
do
do
|
S-h
■
§
T! O
§"8^ tj
1884 to 1912
3 years from date.
3 years from date.
|5f3f
Buffalo and h rew York.
do
do
do
do
Boston, Bank Redemption.
Boston, Tremont Bank.
Boston, Bank Redemption.
do
do
do
do
do
do
do
do
do
do
1924
a
1885 to 1925
1885 to 1925
July, 1885-1900
1887 & 1889
Jan. 1,1893
1885 to ’96
July, 1903-4-5
July 1, 1886
July 1,1890 to ’97
Apl. 1,1887-1889
Charleston, Treasury
do
do
& J.
1890
do
5*2
Various Boston, N. Bk. Redemption
6
992,000
96,000
'
1888 to 1897
'
1898
Jan. 1, 1909
1884 to 1908
1884 to 1888
1891 to 1895
1889-1890
Various
6
F. & A Boston, N. Bk. Redemption
200,000
Aug. 1,1887-’95
6
J. & J. N. Y., Am. Ex. Nat. Bank.
132,000
1897 A ’98
7
J. & J.
do
3,490,000
do
July 1, ’88 to ’95
3-65 J. & J.
'333,000
do
do
1902
7
J. & J.
1,675,000
do
do
1888 to ’95
489.500
J. & J.
4*2
do
do
July 1, 1900
7
J. & J.
do
2,608,000
do
1890 to ’95
6
J.
&
J.
do
186,000
do
July, 1895 & ’96
7
J.
&
J.
do
2,536,500
do
1885 to ’99
4
do
843,500
do
1901
4,941,500 4^2 to 7 M. & N. N. Y., Metropolitan Bank. May 1,1885-’92
6
M. & N. N.Y., Am. Exch Nat. Bank.
210,000
Nov., 1885
7 3-10 J. & D.
do
250,000
do
1888
7 3-10 J. & D.
do
150,000
do
1888 & 1889
6
J. & J.
do
98,000
do
Jan., 1890
6
M. A N.
do
194,000
do
Nov., 1890
A. & O. Phila., Bk. of North Amer.
6
397,000
April, 1895
6
M. & N.
do
146,500
do
May, 1897
7 3-10 Various N.Y., Am. Exch. Nat. Bank.
750,000
1897 A 1898
6
J. A J.
do
60,000
do
Jan., 1900
6
Various
175,000
Phila., Bk. of North Amer. June & Oct., 1900
M. & S.
6
131,000
Cincinnati.
Mar., 1888A 1908
7
M.
&
3-10
8. N. Y., Am. Exch. Nat. Bk.
150,000
Sept., 1899
7 3-10 M. & 8.
do
150,000
do
Sept., 1899
100.000
7 3-10 A. & O.
do
do
Oct., 1899
7 3-10 J. A D.
133,000
do
do
March 1,1886
7
F. & A.
do
450,000
do
Aug., 1886-’97
7
J. & D.
600,000
do
do
Dec. 1,1891
7
J. A J.
do
578,000
do
July 1, 1902
7 3-10 J. & J.
do
8,243,000
do
July 1, 1902
do
4,884,000 6g. or 7*3 M. & N.
do
May 1, 1906
6 & 7
Various
do
1,774,000
do
Nov. 1, 1908-’09
7
M. & N.
1,000,000
Cincinnati.
May 15,1904
7
J. & J. N. Y., Am Exch. Nat. B’k.
50,000
Jan. 1, 1896
F. & A.
7
300,000
Cincinnati.
Aug.,’85, ’90 A’95
5 & 6
M. A N. N.Y., Am. Exch. Nat. Bank.
175,000
May 1889-1909
7
M. A N.
50,000
C ncinnati.
May 1,1906
&
5
7
Various
do
265,249
1885„to ’93
5
M. & N. N. Y., Am. Exch. Nat. Bk. After May 1, 1910
1,337,000
4
J. & J.
do
651,000
do
July, 1911 to 1931
60.000
4
J. & J.
Cincinnati.
July 1, 1892
4
J. & D. N. Y., Am. Exch. Nat. Bk.
500,000
June l, 1901
1,100,000 3-65 to 7 Various N. Y.f Am. Exch. Nat. Bk.
1892 & ’93
do
do
1,880,000 4, 5, 6, 7 Various
1885 to’94
7
Various
do
315,000
do
1887 to ’91
6 & 7
Various
do
275,000
do
1894 to ’98
7
Various
150,000
do
do
1885-6-7
7
A. & O.
100,000
do
do
1884
4 to 7
Various
369,700
do
do
1884 to ’93
4 to 7
Various
do
267,300
do
1884-5-6
4 to 7
202,800
Various
do
do
1884 to ’89
6
Various
do
24,000
do
1881 to’87
do
2,138,000 5, 6 & 7 Various
do
1893 & 1907
7
&
4
J. & J. New York, Kountze Bros. July, 1885 orj’92
228,000
175.000
7
J. & J. [ST. Y. Chemical Nat. Bank. July, 1888 or ’98
5
Various
Des Moines and Boston.
182,000
Various.
Buffalo.—In 1875 real and personal property was assessed at
189,968,105; in 1876 rule of valuation changed and assessment was
(111,995,905. Since that date valuations and tax per $1,000 have been:
Years.
Real estate.
Personalty. Tax Rate.
1878
80,929,165
7,947,380
17 60
93,167,090
& J.
Various
Various
J. & J.
A. & O.
J. & J.
J. & J.
J. & J
J. & J.
J. & J
A. & 0.
7
3^ to 7
3*2 to 5
500 &c.
Charleston, S. 6— Fire loan bonds, coupon
Conversion bonds, to redeem past-due debt...
do
do
34 to
1873-’74
1866
1,000
J.
3*2
5
5
6
6
6
6
6
5
1870 to ’76 500 &c.
....
.
2,350,000
1862 to’81 l,000&c
1868 to’81 l,000&c
Tax loan bonds.
J.
J.
4, 5, 6, 7 J.
6 A 7
J.
549,000
■
....
& J
& J
A J
A J.
J.
] 11,158,000 { ?
$1,372,000
4, 5,7
/
101,596.7*7
31.639,717
34-10
105 606,743
31,720,237
34 82
4*2
-
....
•
The assessed value of real estate is about one-tliird of its true value
Population in 1870 was 298,977, and in 1880, 503,185. The South Park,
West Chicago Park and Lincoln Park loans are not debts of the.
city,
but of distinct corporations.
Cincinnati.—In addition to the issues above named there remains,
several smaller amounts, as follows: $25,000 (Y&Y2) 6s, 1886;
$15,000
68 (Q.), November, 1890; $27,000 6s (A.), March,
1897; $76,000
(H2.),
$29,00<> (V) 6s, 1885 ; $19,000 4s, 1^91; $64,706 (U3U4),
City holds $1,274,000 of Cincinnati Southern bonds In
sinking funds. In 1870 the population was 216,239, against 255,139 in
The
1880.
following table from the books of the Auditor of Hamilton
County, Ohio, exhibits the assessed valuation of the city of Cincinnati
in the year 1860, and from 1870 to 1884 :
August, 1897
;
1889 and 1890.
Real
Estate.
Years.
1860
1870
1871
1872
1873
1874
1875
1876
1877
.
.
.
.
.
.
.
.
.
1878
1879
1880
1881
1882
The
.
Personal
Estate
Total
Tax per
Valuation.
$61,620,904
$31,411,912
$1,000,
78,736,482
123,427,888
57,370,754
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
50,609,872
$93,032,716
$17 45
179,430,142
43,830.188
172.874.068
119,621,856
121,479,280
123,231,790
125,976,835
127,143,900
128,820.270
129,043,880
128,473,130
129,956,980
120,045,230
138,342,188
.122,874,790
.
.
.
.
41,359,163
28.643,917
47,050,496
180,361,932
175,084,296
185,645,740
181,950,074
184,498,565
183,952,966
169,305,635
167.535,356
161.404,393
166,986.105
169,925,286
31
22
20
23
23
24
27
29
28
28
31
22
23
60
20
10
06
38
82
04
10
54
98
00
20
82
20 50
169,534,192
*
city is the sole
40,832,505
37,578,376
136,107,236
of the stock of the Cincinnati Southern Rail¬
road, leased as per terms, V. 33, p. 281, and with the waterworks and
other property owns real estate assets put at $35,775,000.
Cleveland.—The sewer, street improvem’ts and street opening bonds
are for special local improvements, and redeemed
by assessments on the
property benefited. Assessed valuation. tax| rate, debt and sinking
unas
have beeu:
owner
/
9
SECURITIES.
CITY
February, 1885.]
by giving immediate notice of any error
Subscribers will confer a great favor
discovered in these Tables.
INTEREST.
Date of
bonds.
DESCRIPTION.
For explanations see notes on first page
of tables.
Size
Amount
or
par
value.
outstanding.
Detroit,Mich— For Water W.Co., on city’s credit 1855 to’80 $500&o.
1859 to ’71
1872 to ’76
1879
1871 to ’74
1870 to ’75
1872 to ’73
1865 to’66
Public Building stock (City Hall) bonds
Public sewer bonds ($35,000 are 6s)
Bonds for purchase Belle Isle
Elizabeth, N. J— Improvement bonds
Funded debt bonds
School House bonds
Market House bonds
1875-’76
1877
Consolidated improvement bonds
Funded assessment bonds..
469.000
320,000
100,000
180,000
525,000
59,000
1,000
1,000
1,000
1,000
1,000
1,000
62,000
1,726,000
673,000
200,000
543,500
250,000
100,000
1,000
500 Ac.
1876
1882
1868
1869
1870
1870
1870
1876
1876
1877
1878
1881
Tax arrearage bonds
New Adjustment bonds
$1,555,000
35124881388811
Evansville, Indiana.—E. H. & N. RR. bonds..
City wharf bonds
E. C. AP. RR. bonds
do
do
Water works bonds
*
Redemption bonds
do
do
do
do
do
do
do
do
Full River, Mass— City notes
«
•
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Large.
•
•
lOOOAc.
City bonds
do
de
do
do
Water loan
do
do
do
1,000
1,000
....
3
-
0
-
-
T
'
196,000
100,000
300,000
300,000
105,000
100,000
100,000
100,000
280,000
45,000
600,000
450,000
100,000
261,860
1,000
1,000
1,000
•
_
500,000
450,000
550,000
,
Rate.
payable
1885 to 1906
N. Y., First Nat. Bank.
Various
1886 to ’91
do
do
Various
1892 to ’97
do
do
F. A A.
1899
de
do
F. A A.
1879 to ’81
Various
City Treasury.
1882 to ’95
do
Various
1882 to’93
do
Various
1882 to’86
do
Various
1885 to’96
do
A. A O.
1907
do
J. A D.
1886
do
M. A N.
July 1, 1912
J. A J. N. Y., Mercantile Trust Co.
Maj 1, 1898
M. A N. N. Y., Farmers’ L. A Tr. Co.
do
do
May 1, 1899
M. & N.
Deo. 1, 1890
do
do
J. A D.
Dec. 1, 1895
do
do
J. A D.
do
do
July 1, 1895
J. A J.
do
do
April 1, 1906
A. A O.
do
do
May 15,1906
M. A N.
June 1, 1907
do
do
J. A D.
do
do
April 15,1908
Feb. 1. 1911
do
do
F. A A.
1884 to 1888
City Treasury.
3% 4, 6 Various
1884 to 1891
do
Various
6
Aug. 1,1894
Boston, Revere Bank.
5 g. F. A A.
May 1,1895
M. A N. Boston, Bank Redemption.
5 A 6
do
do
May 1, 1895
4
1896-1898
do
'
do
5 A 6
Feb. 1, 1900-1909
do
do
Nov. 1,1892-1906
do
do
M. A N.
6
do
do
Aug. 1,1899-1905
F. A A.
6
4 to 7
7
6 A 7
4
7
7
7
7
7
7
7
4
7
7
7
7
7 3-10
7
7
6 6
6
200,000
1873
1871
1875
1883
purposes... 1869 to ’75
Fitchburg, Mass.—City bonds
Water loan
do
do
registered
;
Galveston, Texas- Bonds for various
Limited debt bonds (sinking fund 2 per
cent).
1877-8-9
Galveston County bonds, G. C. & 8. F. RR
Hartford, Conn—Water bonds
City bonds (H. P. & F. RR.)
Park bonds (4 of these bonds are for $500 each)
Funded debt
do
do
do
1876
1859
1868
1872
Capitol bonds
1879-’80
1863
war
floating debt
•
...
-
1874
1872
Water loan
do
1873
do
Railroad loan
($60,000 are J. A J.).
1869 to ’70
Indianapolis—Bonds to railroads
1877
Bonds to Un. RR. Tr. Stook Yard (mortgage).
1873
Loan bonds, series A
1874
do
do
B
1874
do
do
C
1875
do
D
do
1874
Purchase-money bonds—Southern Park
;..
Jersey City—Water loan bonds, mostly coupon 1852 to ’77
1869 to ’73
Water loan bonds,mostly coupon
Water loan...
„
_
„
^ ^ ^
<n
s-
417,000
1,000
957,000
1,000
500,000
1,000
1,000
30,000
300,000
1,000,000
1,250,000
90,000
1,000
1,000
1,000
1,000
1870
1872
1864-’65
1864-’70
1868-’70
1869
1865
1875-’76
1876
Bergen school loan bonds
Bergen street improvement bonds
do
bounty loan
Assessment funding bonds
registered
Bonds to pay maturing bonds,
Bonds
Kansas City, Mo.—Bonds
Bonds
Lawrence, Mass.- •Sewer loan.
Funded debt...
do
Water loan
1879
4)3
6
6
4 to 7
6
6
J. A J.
J. A J.
J. A J.
A. A 0.
Various
M. A S.
J. A D.
J. A J.
Boston, Merchants’ Bank
do
do
do
do
J.
J.
J.
J.
J.
A
&
do
J.
Town
A J.
A J.
A
J.
Various
1,1889
1,1900
do
Jan.AApr.l, 1894
Jan. 1, 1889 to’90
City Treasury.
Jan. 1, 1897
N. Y., Winslow, L. A Co.
do
do
July 1, 1893
do
do
July 1, 1893
do
do
July 1, 1894
July 1, 1895
do
do
Jan. 1, 1899
do
do
N. Y., Meroh. Ex. N. Bank. Jan., 1889 to 1909
6
500,000
6
1,000
300,000
300,000
7-3
7-3
300,000
7*3
J.
J. A J.
J. A J.
2,669,000
7-3
7-3
6
7
5
7
7
2,630,500
.7
Various
125,000
7
7
7
7
7
7
J. A J.
M. A N.
do
do
do
do
do
do
do
Various
do
Various
J. A J.
J. A J.
Various
Various
J. A D.
do
do
do
do
do
do
500
1,000
1,000
984,000
3,329,000
1,000
200,000
517,000
1,000
1,000
1,000
500.000
558,000
148,750
150,000
400,000
41,000
Various
1,000Ac
1,000Ac
Various
900,000
400,000
1,000
1,213,000
1,353,000
600.000
572,000
288,000
742,500
300,000
107,000
262,000
....
500 Ac.
1884
1862 to’75 5000Ac.
1874
1,000
500 Ac.
1873-’75
1,300,000
7
7
7
A J.
J. A J.
Various
J. A J.
M. A N.
6
July 1,1913
May, 1891
1892 to 1906
June 8, 1900
do
do
do
do
do
do
do
do
do
do
F. A A. N. Y., Merch.
do
New
1899 to 1913
Feb. 1, 1913
do
May 1,1897
1889-1890
’84-’85-’89A1900
Jan., ’98 to 1900
July, 1889
1889
1905-1906
1,1886
Demand,
Feb.l, 1909
June
Ex. Nat. B’k.
Various
J. A J.
Various
J. A J.
A. A O.
Oot.
Jan.
do
do
do
513
6
5 A 6
6
7
8 A 6
4
6
6
Jan., 1900
1883 to 1889
do
do
1,000
200,000
109,500
$10,000 yearly
City Treasury.
155,000
1,000
1,000
1,000
Treasury.
do
do
500
7
July 1,1891
Jan. 1, 1893
Jan. 1, 1897
10 to 25 years
City Treasury.
J.
A. A O.
J. A J.
A. A 0.
Jan.
J. A J.
J. A J.
J. A J.
250,000
226,500
May 1,1908-1909
July 1,1893
July 1, 1905-1906
Oot. 1, 1903.
City Treasury.
1883 to’91
Galveston, City Treasury.
1393-1909
do
1920
New York or Galveston.
1902
N. Y., Bank of New York.
1890-1906
Various Boston, Merchants’Nat. Bk.
Jan. 1, 1891
Suffolk Bank, Boston.
J. A J.
Aug. 1,1884
F. A A. Merchants’ Bank, Boston.
271,000
1880-’l
Ac
6
6
6
4
10
8
5
6
5 A 6
6
6
6
6
1,000
1,000
1,000
■
Temporary loan
Bonds to fund floating debt. Ac., coup, or reg.
203,000
180,000
500 Ac.
1871-’72
1872 to’74
1,000
Old Jersey City bonds, coupon
Hudson City bonds
400,000
300,000
100,000
50,000
348,300
510,100
349,600
„
1872
1
do
do
Morgan street dock
Funded debt bonds
Revenue bonds, coupon or
^
1871-’74
Holyoke, Mass.—City notes
City bonds, sinking fund
Forty-year bonds
Improvement bonds
1,000
1882
18G5-’81
:
Hartford town debts to railroads 10-25
1,000
1,000
100 &c.
do
do
1,000
Principal—When
due.
Where payable and by
whom.
When
do
York, Kountze Bros.
do
do
Lawrence or Boston,
Boston, Tremont Bank.
do
do
do
do
1910-1911
1904
1890 A ’97-1898
’93 to ’97 A 1901
1885 to 1892
July 1,1894
Oct. 1,’90, to 1906
1884.
Total debt, including water debt, $3,498,860.
Population,
Personalty. Tax $ 1,000. General Debt.
Special Debt- 48,961
in 1880; 26,766 in 1870. Valuations in 1883. Real estate,
$82,684,212
$5,943,000
$750,100
$14%)
84,490.060
15^
5,982,000
839,800 $26,152,300; personal, $26,152,300.
85,978,005
14210
6,398,000
875.800
Fitchburg, Mass.—Sink, fund, Jan. 1,1884, $146,522. Population
12,270 in 188a; 11,260 in 1870. Valuation, tax rate per $1,000, Ac.:
—Population, 160,146 in 1880; 92,829 in 1870.
Real Estate. Pers’i Prop’ty. Tax.
Debt. Sink’gFd.,Ac.
Des Moines, la.—Assessed value of property $7,200,000, which is Years.
$7,484,625 $2,628,911
19 00 $831,023
$158,449
about 20 per cent of true value. Tax rate, $5 per $100. Warrants out¬ 1832
7,672,655
2,719,979
16 40
800,009
114,506
standing Jan., 1885, $90,082; cash on hand, $51,275. Tne renewed 1834
850,000
146,522
7,705,450
2,746,428
16 40
judgment bonds for $170,000 are paid off July, 1885. Populations 1870,
7.998,725
3,055,653
16 80
850,000
178,311
12,035; in 1880. 22,400.
—The assessed valuation of real estate is about the oash value.
Detroit, Mich.—There are also $10,000 House of Correction bonds
Galveston. Texas.—Assessed value of real and personal property,
Years.
Real &
due 1893.
The population in 1870 was
79,577;in ’80,116,340; in 1883,
.The value of water works is $*,315 9S9. against a debt
ef $1,555,000.
The water works bonds are issued on a pledge of
the city credit, and $75,000 per year collected in taxes to pay interest on
them.
Assessed valuation, in 1883-84—real property, $78,9-s2,170;
130,000.
1881-82, $17,625,862.
1832-83, tax rate l»i0cent bonds were called In
Tax rate, $1 50on $100;
In April, 1882, the Galveston County 10 per
and 6 per cents issued instead. Population
in
1870,13,812; in 1880,
22.248; 1882, estimated, 32,000.
Hartford. Conn.—Total city debt, April 1, 1884, $2,837,000; net,
after deducting resources, $2,032,224; net town debts,
There are also sewer bonds for $20,000.
Assessed valuation in 1883,
personal, $26,9 .’8,7 25; total, $105,910,915, which is made on the basis
$1,271,188.
of true value. Tax rate, $10-89 per $1,000.
Elizabeth, N. J.—Default was made in interest Feb. 1, ’79. Suits on $46,000,000. Population, 42,553 in 1880; 37,743 in ’70, 30,000 in ’83.
bends are pending. Total bonded and floating debt Jan. 1, 1885, $6,571,Holyoke. Mass.—Bonds all coupon, but can be registered. Total net
499. The proposition to issue 4 per cent bond •> at 50 per oent of tbe debt, $817,318. Valuation, 1883, $14,397,250; tax rate, $14 40. Valu¬
face value of old bonds has been accepted to some extent and $545,000 ation in 1884, $15,527,995; tax rate, $14 80. Population, 21,915 in
of the new issue had been made to Jan., 1885. Some of the largest 1880* 10 733 in 1870.
holders have declined to come into the compromise. The Mercantile
Indianapolis.—The School Board is a distinct organizat’n and levies
Trust Company in New York acts as the agent. Assessed valuations and its own tax ($2 20 for 1884), which is included in tax rates. There
tax rate have been as follows: In 1881, $12,296,307, rate, 1*96; in 1882, are a few other small issues amounting to $50,000. Valuation and tax
$12,182,035, rate, 3-12 ; in 1883, $12,471,115, rate, 2*40; in 1884, $12,- per $1,000 have been:
Real Estate.
Personalty.
Total.
Tax.
300,000 (estimated), rate, 2 00. Population 1880, 28,229; in 1870, Years.
$39,063,725
$12,837,492
$51,901,217
10-70
20,832.
13,296,870
52,612,595
39,315.725
11*20
—(Y. 39, p. 581.)
Evansville, Ind,—No floating debt. Population in 1870, 21,830;
tax rate per $1,000
In 1880, 29,280. Assessed valuation (true value),
and debt have been :
Years.
Real Estate.
Personalty.
Pall
Debt.
$15,205,795
$6,031,10 >
$12 50
$1,651,090
13.204,715
6,797,890
12 50
1,651,000
6.5 9,820
10 0)
1.651.000
13.527,090
aiver,*Mass,—The sinking funds amounted to $6 31,718 J an. 1,
Tax.
1884
39,335,860
40,149,950
—Population, 75,056 in 1880
13,792,290
13,891.650
48,244 in 1870.
53,128.150
54,041,601
11-20
12*20
City
Jersey City.—One of the main causes of tr)u >le in Jersey
finances has been the failure to collect back assessments and fn the
immense value of railroad property exempt from taxation.
Tot. taxes overdue Dec.31,’84 less deduot’nsdue State and Co.$4,093.879
Total assessments due and unpaid
2,842,145
CITY SECURITIES
1©
IVOL. XL,
faror by girlng immediate notice of any error discovered In
Subscribers will confer a great
these Tables
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanations see notes on first page of
outstanding.
$....
City bonds
*
Bonds
Bonds
New bonds
Water bonds
•
•
•
1883
m
m
1857 to’67
1866 to’67
Louisville, Ky.—Water works
For improvement of streets
For municipal improvement
Re-constructing street
Public buildings and institutions
•
•
•
500 Ac.
do
Elizabeth A P. Railroad
Wharf property
Jail bor ds
For old liabilities
’54,’62,3,8
1869
1871 to ’74
1868
do
do
1871
Louisville, New Albany & St. L. Air Line RR.
1871 to ’73
Road bed, Louisv., Cin. & Lex. RR
City bonds nayable'by Louisv. A Nash. RR... 1851 to ’63
1880
Old liabilities (half are 10-40 and half 20-40).
Lowell, Mass — City notes (various purposes). . 1862 to ’84
1882
Bridge notes
Bridge notes
Lynn, Mass.—Water notes
Water bonds
Funded debt
City: Hall and School House
Manchester, if. H— City bonds
m
1,500,000
600,000
650,000
102,000
81,000
423,000
1,863,000
165,000
133,000
73,000
513,000
485,000
350,000
1,408,000
1,000,000
469,300
200,000
120,000
382,500
575,000
1,300,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Large.
Large.
1,000
176,500
77,000
ra
.
($100,000 each year)
do
do
do
Bridge bonds
Memphis, Penn.—School and paving bonds
Post bonds
1867, ’8, ’9
500 Ac.
....
,
Bridge bonds
•
Water bonds, coupon
do
registered
do
coupon
Waterworks refunding
Minneapolis, Minn—City bonds
City bonds
do
do
do
($366,000 due 1912 are red. 1902).
Mobile— Funding bonds
Nashville. Tenn.—Various city bonds
Newark—Wav
100 Ac.
100 Ac.
100 Ac.
1870
Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis A Little Rock RR
Compromise bonds, coupon (Flippen)
New compromise bonds
Milwaukee, Wis.— Re-ad)ustment bonds
General city bonds
do
do
(not liable to be called in)
-
1874
1872
1881
1867 to ’68
Corpora te bonds, coup, or reg.(act Apr. 21,’76)
Sewer and improvement bonds (local liens).
.
Aqueduct Board bonds
Tax arrearage bonds
do
do
New
Bedford, M ass— Bridge and city bonds
City improvement
Water bonds
do
do
do
Sewer bonds
New Haven, Conn.—Sewerage
For Derby Railroad ($20,000
City bonds (10-20 bonds)
payable yearly)
New Orleans— Consolidated debt
Consolidated debt, extended
Ten year certificates to fund coupons
Railroad debt
Seven per cent funding loan of 1869
o
1875
1878-’80
1871-’79
1876-’78
1879 to ’83
1861-74
1875
1876
1867 to ’76
1872-’74
1884
1881
1871
1867
1877
1852 to ’64
1883
1883
1854-55
1869
■pO
[
2o
■2©
....
1857
1,000
1877
1,000
1883
1,000
1861
500 Ac.
1871
1,000
1876
1,000
1882-’83
1,000
1872
1,000
1872
10,000
1883
1883-’84
1,000
1870 to ’75
1871 to’77
1879
1870 &’81
1881 to’35
1,000
1881
500
1870 to’81 100 Ao.
bds.,tioat’g debt, &c. (s.fd. of ’64)
Public school bonds
Clinton Hill bonds, coup. A reg. (s. fd. 3 p. o.).
200,000
400,000
60,000
■
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
10,000
1,000
1,000
1,000
5,000
1,000
1,000
1,000
1,000
1,000
1,000
1,800,000
191,500
218,000
98,000
160,000
365,000
1,063,000
143,000
293,000
1,121,000
320,000
40,000
42,000
1,367,000
2,221,500
1,417,400
1,510,000
500,000
400,000
1,200,000
2,450,000
3,240,000
888,000
872,000
30,000
223,000
100,000
400,000
180,000
100,000
50,000
499,000
40,000
150.000
2,229,000
2,071,0( 0
1,865,815
1,000
1884, was $18,503,950; sinking
Population in 1880, 120,722, against 82,546 in
Taxable valuations and tax rate per $1,000 have been:
Personal Prop.
$54,122,875
54,619,565
56,125,552
$5,343,815
4,786,037
5,640,300
243.000
567,750
The total debt of the city January,
Real Estate.
J
iH
funds, $1,400,894.
1870.
Years.
6
When
Payable
J.
J.
A D.
& J.
Where Payable and
Whom.
4
5
6
6
4
7
7
6
6
7
7
6
6
6
7
7
7
6
5
t to 6*3
4
4
Due.
by
City Treasury and Boston.
6
do
do
J. & D
J. & J.
A. & O.
1894 & 1899
July 1, ’99-1913
Oct.l,'97-l907-,17
1887, ’89, 97
Y., Bank of America.
do
do
6
6
4
6
J.
8*
M. & N.
4
6 to 6*2
6
4
4
7
6
3-4
5
7
7
4
7
7
4
4
8
7
6
5 & 10
4*2
3 to 5
6
6 & 7
7
7
5 & 6
7
7
7
5
6
6
5
6
7
4
4
7
6
5
6
6
6
6
7
*
Memphis.
& J.
J. & J.
J. & J.
1888
Julyl, 1901
July 1, 1885
Various N.
Louisville.
Various
New York City.
J. & J.
N. Y., Bank of America,
J. & J.
do
Various
do
Various New York, U. 8. Nat. Bank.
J. & J. Louisville, City Treasurer.
N. Y., Bank of America.
J. & D.
do
Various
do
Various Louisville and New York.
do
A. & O.
do
do
J. & D.
do
do
do
Various
N. Y., U. 8. Nat. Bank.
M. & S.
J. & J. N. Y., Continental Nat. Bk.
Various New York and Louisville.
N. Y., Bank of America.
M. A N.
Various
City Treasury.
M. & N
Boston.
do
M. & N.
do
Various
Various
City Treasury.
Boston.
M. & N.
Various
City Treasury.
do
Various
Various
City Treasury.
J. & J.
Boston, Bank Republic.
do
do
Various
Various CityTreas’ry A Bk. Repub.
J. & J.
City Treasury.
A. & O.
do
Suffolk Bank, Boston.
M. & N.
do
J. & J.
do
J. & J.
City Treasury.
do
J. & J.
6
121,500
986,200 3*a to 6
595,000 5, 5*2, 6
313,000 378, 4, 6
6
85,000
6
80,000
6
70,000
City bonds
tfater bonds
413
198,000
1882
1882 A ’83
1,000
1871 to’81 Large.
1870
1,000
1883 & 84
1883
1870-’3-’5 Large.
Various
1,000
Various
500 Ac.
Various
1,000
Bridge bonds
Sewer bonds
Water notes
Water bonds
Sewer notes
131,000
200,000
1,000
1883
500 &c.
1873
1,000
1871 to ’73
1,000
1853 to’69
1,000
1868
1,000
1871
1,000
1868 & ’73
1,000
Publio school and school houses
Sewer bonds
6
474,000
1,212,000
mmm
Rate.
$50,000
185,000
30,000
1,000
m
Principal—When
Amount
or
par
Value.
tables
Lewiston. Me.—City bonds ($50,000 each year).
02381
Size
$
1886,’ 96, ’97
1923
July 1, 1903
1891, '92 A 1&)3
1885 to ’89
July, 1898
June, 1901
1888 & 1903
1885 to 1898
Oct. 1, 1898
1889
1894 & 1901
Sept., 1891
July, 1901 & 1903
1886 to’93
May 1, 1920
18&5 t© 1894
*
1891 and 1892
1 QQ9
1884 to 1903
1886 to 1911
1890
10 per ct. annually
10 per ct. annually
1885 to 1890
1891 to 1913
1884 to 1896
1886 to 1890
1884-1894
April 1, 1884-’85
May 1, 1893
July 1,1890 A?’95
1887-’92-’97-1902
July 1, 1911
1873 to 1902
1873 to 1900
Nov., 1900
r
N.
Charleston, 8. C.
Y., Bank of New York.
July. 1872
1907
New York.
1913
J. A D. Mil.AN.Y., Morton B. A Co.
June 1,1891
do
do
Jan. 1, 1901
J. & J.
do
do
J. & D.
June 1,1896
do
do
J. & J.
July 1,1902
do
do
Jan. 1,1902
J. & J.
do
do
Jan. 1,1902
J. & J.
do
do
1903
J. & J.
do
do
1903-1904
J. A J.
1886-1905
Various New York, Nat. Park Bank.
do
do
1897-1902
Various
do
do
•
Various
July 1, 1899
do
do
Various
18s5 & 1893
do
1906 to 1915
do
Various
Jan. 1, 1906
J. A J. N. Y., Merchants’ Nat. Bk.
1882 to’99
Various New York and Nashville.
1885 to’96
Various
Newark, City Treasury.
do
do
A. A O.
April, 1888, to’ 92
J. A J. Newark, Nat. State Bank.
July 1, 1895
do
do
1908 & 1910
Various
do
do
M. A 8.
1886, ’93 A 1909
do
do
1879 & 1892
Various
do
do
1886-’90
F. A A.
do
do
1891-’92
F. A A.
1884 to 1890
A. A O.
City Treasury.
do
1891 to 1910
A. A O.
do
1900 to 1904
A. A O.
do
1885 to 1909
A. A O.
do
1884 to 1909
A. A O.
do
1894
do
1887 to 1891
A. A O.
Oct. 1. ’91A10O1
A. A O.
City Treasury.
do
Oct. 1, ’82 to ’86
A. A O.
do
J. A J.
July 2, 1887-'97
1 QQO
*
New Orleans.
J. A J.
1922 A 1923
do
J. A J.
1 80*4
do
J. A J.
do
1894 A 1922
Various
do
March 1, 1894
M. A 8.
‘
rrue value, tax rate per $1,000, Ac. were in 1882 : Real estate,
$15,379,321; personal, $3,796,084; tax rate, $16 20 per $1,000. Popu¬
lation, 32,630 in 1880 ; 23,536 in 1870.
cent of
Tax Rate.
Memphis, Tenn.—The city was in default for interest after Jan. 1,
The Legislature passed a bill, January, 1879, repealing the city’s
charter, and the “ Taxing District of Shelby County” was organized.
The compromise bonds or 1877 were issued at 50 cents on the dollar.
58,287,892
4,664,390
29 40 Under the act of Tenn. March 3,1883, new compromise bonds are issued,
Estimated tax rate in 1883-84, $32*80 per $1,000. Y. 37, p. 667.
bearing 3 per cent till January, 1884, then 4 per cent till 1887, and 6
Kansas City, Mo.—In 1883 assessed valuation was $26,755,315 per cent thereafter. (See details, V. 37, p. 202.) The total debt when
and tax rate 16 mills. In ’84 valuation, $28,412,330; tax levy, 15 mills. funded will be nearly $3,000,000. The assessed valuation of property is
about $15,000,000 and tax rate $3 40 on the $100. Population in 1870,
Lawrence, Mass.—Total debt, $1,764,000. Sinking fund, $170,553. 40,226;
in 1880, 33.592. (V. 38, p. 60, 455, 509 ; V. 39, p. 727.)
Tax valuation,
1882,
$26,269,506; tax rate, $16 60.
in 1883.
Milwaukee. Wis.—The city cannot issue debt beyond 5 per ct. of its
▼al. $26,932,f 60; in ’84, $27,261,661. Pop., 39,151 in ’80; 28,921 in ’ 70.
Lewiston, Me.—Total net debt, March 1,1884, $894,196; sink, fund average assessedvalue for five years. In 1884 valuation was $75,951,750.
funds are provided, and all old issues except the general bonds
$115,160. The railroad bonds were issued to build the Lewiston & Auburn Sinking
due 1896 may bo called in and paid by sinking fund; holderswere misled
RR., which is owned by the cities of those names. Valuation in 1883,
because this was not stated in the bonds.
Population, 71,440 in 1870;
$10,679,926; tax rate, 2^ p. ct.; in 1884, valuation, $11,107,166; rate, in 1883
(estimated), 130.000. (V. 38, p. 424.)
2l10. Population, 19,076 in 1880; 13,600 in 1870.
Minneapolis; Minn.—Total debt, $2,430,000; tax valuation, 1883,
Louisville.—The funded debt, Jan. 1,1885, exclusive of loans paya¬
ble by railroads, was $9,167,000, against $9,305,000 Jan. 1, 1884. The $5 s,901,812; in 1884, $74,300,000; bonds all coupon; tax rate 1884,17^
mills.
sinking funds on Jan, 1,1885, amounted to $4,703,254. Population by in 1885.Population, 46,887 in 1880; 13,066 in 1870; estimated, 110,000
Census of 1870 was 100,753, against 123,758 in 1880. The following
Mobile.—Interest was in default from July, 1873. A settlement with
figures give the assessed property valuation: 1881, $68,753,770; 1882,
70,029,724, of which $52,269,684 was realty.
In 1883 valuation bondholders was offered by act of March 9,1875. In Feb., 1879, the
66,118,534. tax r te 2*10; in 1884, $63,927,077, tax rate 210; in Legislature repealed the charter of the city. In Oct., 1880, bondholders
offered to take new 25-year bonds, bearing 3 per cent for 5 years, 4 per
885, $62,763,461, tax rate 2*48. (V. 38, p, 509.)
Lowell. Mass.—All the notes held by savings banks. Water loan cent for 15 years, and 5 per cent for 5 years. In Deo., 1882, the un¬
sinking fund Oct. 1,1884, $415,470: other sinking funds, $227,649. Pop. funded debt was estimated at $188,555. Valuation of real and per¬
59,475 in 1880; 40,928 in 1870; 75,000 in 1884. Assessed valuation sonal property in 1882, $15,563,130; tax rate, $6 per $1,000. Popula¬
in 1883 were: Real estate, about $35,057,275; personal property, $14,- tion, 31,297 in 1880; 32,034 in 1870.
Nashville. Tenn.—Assessed valuation of all property in 1881 was
895,526; taxrate, $15 20: in 1884, valuation, $36,510,201 real estate
and $14,671,684 personal; tax rate, $17 50.
$12,179,450 real property and $3,070,125 personal: taxrate, $20 per
Lyiin. Mass.—Total debt, Deo.. 1883. $2,260,700; net debt, $1,614,- $1,000. Population, 43,350 in 1880 ; 25,865 in 1870.
Newark.—The bonds in the first line in the table are payable out of
867. Valuation ’83, $24,687,524; rate, $19 60 The tempor’y loan due May
1,1884, is $160,000. Population, 28,233 in 1870; about 45,000 in 1883. the sinking fund of 1864, which amounted Dec. 31,1833, to $1,630,807;
Manchester, N. H.—There are also $16,000 5s due before 1885. publio school bonds out of publio school fund, $442,431: Clinton Hill
Total debt Jan. 1, 1883, $927,500
Assessed valuation? about 70J per bonds by sinking fund $151,738; tax arrearage, $808,095; corporate
;
'
$28 00
29 80
29 00
1873.
February,
Subscribers will confer a great favor
11
SECURITIES.
CITY
1885.]
discovered in these Tables*
by: giving immediate notice of any error
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanations
see notes on first page of tables
New Ch'leans—(Continued)—
Seven per cent funding loan
Jefferson
’57,’67, ’70
1871
1872
1871
bonds
Consol, gold bonds (gen’l and drainage series).
claim.
cent bonds,'deficit and oil
Premium bonds (in exchange)
Pam
New
1,000
1,000
Various.
1,000
1883
1887 to’84 1,000Ac
1,090
1875 to’84
100
1839-’70
100
1869-’70
500
1884
500
1879 to ’84
500
1884
500
1868 to ’83
500
1872 to ’77
100
1847 to ’52
500
1871 to’84
1883 to ’34
500
1871 to ’81
bonds
Nexolon, Ifas.?.—City bonds
Water loan ($600,000 6s)
$....
1870
of 1870
City (debt assumed)
Street improvement
Ten per
Amount
Size or
outstanding.
par
Value.
and notes
York—Accumulated debt bon is, city
Accumulated debt bonds, county
Armory bonds
Assessment bonds.
Assessment fund bonds
Assessment fund stock
Additional new Croton Aqueduct stock
Croton water stock
Additional Croton water stock.
;
Additional water stock, red’m’ble after 1913.
Croton water main stock.
1866
Croton Reservoir bonds
1857 to’59
Central Park fund stock
8134.
1856 to ’58
1857 to’60
Central Park improvement fund stock
1865 to’71
do
do
1869
City Cemetery stock
1869 to ’78
City improvement stock
do
do
(cons., $697,803 red. aft.’96) 1876 to’80
1874
City impr. stock (cons, st’k), cp., oxen, for reg.
1869 to’70
City Lunatic Asylum stock
1871 to’SO
City parks improvement fund stfeek
Consolidated stock, county, coup., ex. for reg. 1871 A ’72
1871 & ’72
do
city,
do
1871
do
dock bonds
do
1872
do
city pks. impr. fd. st’k, do..
1873
do
red. aft. 1908, cp. ex. for rg.
do
city, coupon exch. for reg.. 1874-’75
1872 to ’74
do
city, (A).
1874
do
county (A & B)
do
i
100
100
100
lo
100
100
100
500
500
500
100
500
500
500
500
500
500
500
500
500
509
500
500
500
500
590
500
109
100
500
500
100
100
509
500
500
500
500
100
500
500
500
509
•
1874
1876-’77
1877 to’84
1880
1884
1870 to’84
do
city (B & C)
do
city (D E A F)
do
city (GKL & M).
do
city
do
cons/l. st’k (Riker’s Isl’d)..
Dock bonds
1884
Consol, stock (Metropolitan Museum of Art ..
1869-’70
Fire Department stock
1867 to ’69
Market stock
1873 to’81
Museums of Art and Natural History stock.
1879 to ’84
N. Y. City bds.for const.of bridge ov.
1874
N. Y. City bds for State
deficiency, 1869
to’75
N. Y. Bridge bonds
1876
do do Consol, stock, redeem, after ’96
do do $500,000 af.’96,$1,121,900 af 1900. 1876 to’80
do do $750,000 af. 1903, $416,666 af. 1905. 1880 to ’83
1871
Ninth District Courthouse bonds
sinking!und
Normal school fund
stock
N. Y. Co. Courthouse st’k,
New York County repairs
N. Y. and Westchester Co.
HarlemR.,
Nos. 1, 2, 3, 4 & 5..
to buildings stock..
improvement bonds
stock
Public school building fund
School House bonds
Sewer
Street
repair stock
improvement bonds
fund bonds
—
Soldiers’ bounty
do
do
No. 3
Soldiers’ bounty fund red. bonds, No. 2
Tax relief bonds, No. 2, coup. exch. for reg ...
Third District Court-house bonds
Water stock of 1870
Debt of annexed territory of Westchester Co.
Norfolk, Va.— Registered stock
Coupon bonds ($20,000 6s are J. A
Coupon bo ids of
1881 (exempt)
Trust and paving, coup
Coupon bonds
Coupon bds., water (a mort. on
Norwich, Conn.—City bonds
Water loan ($50,000 1890,
1871 A ’72
1862 to’82
1870
1871
1871 to ’74
1384
1374 & ’75
1869 & ’70
1864
1865
1865
1370
1874 to’77
1872
1870-’74
J.)
1871
1877
100
water works)..
Paterson. X. J.—School
Funded debt bonds
Sewer b’ds
$250,000,1898)...
1875
1878
1883
2,083,200
1,766,600
75,090
&$90,500 5s).
1862-’; 1
1669-’82
Whom.
J. A D.
Various
F. A A.
New Orleans.
do
do
1895 A 1922
1887 to 1897
1911 A 1922
Q-J.
New York or London.
New Orleans.
April 1, 1881
A. A 0.
-
•
Q.-F.
5 A 6
6
6
7
Q.-F.
City Treasury.
Comm’nwealth Bk. July 1, 1995 to’14
Nov. 1,1885, to ’88
Nov. l,i 885, to’88
Aug. 15.’9 4,1904
Nov. 1.1885,to ’92
A
A
A
A
M. A
M. A
J. A
8,885.500
4,25 2,500
1,009,000
6 g.
862,000
6 g.
6,900,090
1,564,000
2,455,000
1,630,200
5g.
6fr
6 A 7
7
7
5 A 6
4 A 5
6,324.709
1,858,349
941,135
2,800,009
296,000
3
3 to 7
3
6
6 A 7
938,000
499,300
4, 5 A 6
3, 4 A 5
180,000
.
25,000
521,953
779 899
7
1,500,0)0
6
6
5
4 A 5
7
6
509,096
1,921.900
1,166,6 6
300,000
0
3
6
6
6
7
7
7
5 A 6
6 A 7
7
6
5 A 6
5
8
5
5 A 8
5
606.990
3,090,000
745,8 /0
376,60 9
3,009,099
398,000
475,000
797,500
332,993
591.600
290,800
180,009
500.000
169,009
300,000
16 4,0 JO
7
5
4
7
7
79,509
10 *.009
423 590
street improvement and sewerage, $70,270, and
assessments, $1,571,345. The Aqueduct bonds are not a direct lia¬
bility of the city of Newark. Real and personal property have been
assessed at near the true value as follows: 1881,real estate, $66,278,825; personal, $19,974,770; tax rare, $2 10; 1882, real estate, $67,-
bonds, $167,987;
Aug. 1, 1997
Nov. 1, 1887
©‘■j
-£.2
® oC
J.l
A
A
J.|
M. A
M. A
M. A
N.i
N.|
N.;
1990 A 1926
Nov. 1, 1896
Aug. 1,1889
+$73
Pxi
M ©
N.
J.:
A
July 1, 1898
Aug. 1, 1887
Juue 1, 1895
Aug. 1, 1888
Nov. 1,1889 A *92
1901-1904
.ra
July L. 1901
July 1, 1901
July 1, 1901
£?©
'O
J.|
.
Jan. 1. 1902
S
M
-2
o
W
Q)
Nov.
1, 1896
Nov.
1, 1894
1896
1896
May 1,1916, A’26
Dec. 1,
Dec. 1,
Nov.
1,’89,’97,’99
Aug., 1894
Nov. 1, 1910
5 ,©
O =3
Nov. 1,1901-1915
Nov. 1,1905
Nov. 1,1899
•T
£3 oo
o,'H
May 1,1894 A’97
May 1, 1993
to
1,1891
Nov.
§*05
May 1, 1885-’86
P rH
1, 1905
May 1, 1926
May 1, 1926
May 1, 1928
Nov.
A N.
Cfl rH
A N.
A N.
2 ®
A N.
A N.
C3 0
M. A N.
CU ^
M. A N.
DO
M. A N.
M. A N.
a
M. A N.
MAN.
P
VI. A N.
w
M. A N
M. A N.
M. A N.
M. A N.
Various
J. A J.j Norfolk, Treasurer’s
do
do
J. A J.
do
do
A. AO.
do
do
A. AO.
M.
M.
M.
M.
M
Nov.
Nov.
Now York,
M. A N.
A. AO
Various
J. A J.
A
AO.
Aug. 15,
Oiilee.
1894-1903, 1912
April 1, 1911
Apr., ’92, July, ’93
1913-1914
1901 A 1914
Park N. Bank.
April 1. 1907
'
do
do
do
A D |
J. AD
Various
1894
Nov. 1. 1885 A’86
Nov. 1,1888
Nov. 1, 18S5-’90
Nov. 1, 1895-’97
Nov. 1,1891
Nov. 1,1890
Nov. 1, 1890
Nov. 1,1902
1885 to 2147
1885 to 1990
Norwich.
J.
1,1890
1,1891
Nov. 1, 1885-’98
Nov. 1, 1885-’88
Dec. 1, 1891
Nov. 1,1891
896, 1908 A 1910
Jau. 1. 1905
April 1, 1998
1913
I
5, 6, 7
1, 1928
Nov.
•H
5, 6 A 7
50.090
125.0 >0
r—«
Q-F.
200,090
1,933,109 4,5,6 A7
6
80 000
6
30,000
636.000
332,00 >
o
'O
j. A D.:
J. A D.
M. A N.
M. A N.
M. A N.
M. A N.
M A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N
M. A N.
M A N.
M. A N.
4
11,053,000
©
N.
N.
N.
N.
J.
Feb. 1, 1890
Nov. 1, 1891, ’99
Oot. 1, 1933
Nov. 1,1909-1906
p<
N.
J.
J.
Nov. 1, 1885
1897,1993 A 1910
Aug. 1, 1990
o
Q—F.
Q, -F.
M.
M.
M.
M.
Jam 1,1923
1884 to 1914 i.
New Orleans.
Various]
5,6 A 7
6g.
6g.
.
•
A J.
6
700,009
July 1,1922
.
•
J.
6 g6 A 7
4,799,000
due.
payable
5, 6 A 7
5 A 6
7,977.515
701,419
820,000
500
500
500
1859-’73
bonds
($145,000are M. &S.
3,066 071
671,300
1,000
1,090
1,090
1,000
’(58, ’78, ’80
Principal—When
payable and by
Various Boston,
M A N. 1
M. A N.
M. A N.
3
1,172,000
5,450,399 3,3^,4,5 M. A N.
5
M. A N.
9,950
3,277,050 4,5,6 & 7 M. A N.
1,331.300 5, 6 A 7 M. A N.
5 A 6
Q -F.
321,400
5,009.000 3^ to 6, 7 M. A N.
A. A O.
3, 3^
445,00)
5,196,000 4,5, 6 A 7 M. A N.
6
20.000
Q.—F.
320,000
100
Court House
Sinking fund bonds
Funding 10-30s
7
$375,750
8
86,000
20,900 6 & 73
140,000 6 & 7 g.
10
183,109
5
8,107,869
6
126,000
338,350 5, 6 & 683
4, 5, 6
965,000
7
5,209,300
7
4,800,000
1881
1872-’73
*
Rate.
103,000
109
100
100
100
500
500
500
500
100
100
Where
When
City Hall, by Treasurer.
do
‘do
do
d *
Dec., 188 4-1904
1884 to 1900
1 ^8 4-1902
$29,607,999 ;
tax rate,
327,814,561,
Sinking funds, Jan. 1, ’85, $168,871. Tax valuation, ’81,
rate in ’81, $14 09 per $1,090.
Valuation iD ’32, $29,409,32 9;
$14 20, In 1883 valuation $27,124,088. In 1834 valuation
tax rate, $L4 40.
Population 16,994 in 1880, 12,825 in 1870.
New York City.—The total debt of New York, January 1.1835, was
$126,871,138;
the amount of sinking funds. $34,823,735. Tue follow¬
personal,
1870,
463,‘555 ;•
$17,999,370; tax rate, $2 44. Population in
ing statement shows the details of funded debt and the amount in the
105,059, against 136,509 in 1880.
sinking fund at the dates named:
Nfcw Bedford, JIass.—Population, 26,945 in 1890;
21,320 in city
Jan. 1, 1885.
Description.
Jan. 1, 1883.
Jail. 1, 1884.
1870.* Assessed valuations (true value), rate of tax, Ao., have been :
Total funded debt
$130,474,337
$130,680,571
$126,971,138
Personal Rate of Tax Total Debt,
Trust
Sinking fund
34,3 92,338
33,L34.545
34,823;735
Bonds.
Property, per $1,000.
Funds.
Years.
Real Estate.
188.1'.': .- .$13,505,400 $13,609,922 $18 <>U $1,084,000 $104,100
Net funded debt
$9 5,141,948
$92,047,403’
$92,546, >26
13.974,587
1,024,0)0
104,10>
17 50
14,138,300
R venue bonds
4,246,534
2,933,833
2,353,325
15,180,30*
16 80
....
15,109,3 >0
15,718.182
16 60
1,093, 00
104,100
1884 :.... 15,63.5,900
Total net debt
$100,338,482
$95,529,903
$91,406,228
N<Sw Haven, Conn*-Municipal bond fund, $<7,011
Toe city
The population of New York, by the United States « ensus in 1370 wa3
m idfe a special loan of $75,uOO to the New Haven A Dorby RR., au l
un.4 l ,206.299 in 1830. Since Jan. 1, 1865, the valuation, rate
guar. $225,000 of its 2d mort. bonds.
Popula. in 1870, 50 840; in 1880, 9of»2,292.
taxation, and net funded debt at end of year have bom as follows:
Assessed valuation (about 80 p. ct.
62,fc82.
have been:
Years.
Real Estate.
1885
$34,797,569
Personalty.
$13,097,153
of true value), tax rate, Ac.,
Rate of.Tax. Tot. D’bt.
9
mills.
,-Rate Tax p.
Skg.Fds Ac
$854,000
$176,392
Years.
774,000
169,214 1865
13,639,376
lo’ mills.
32,966,440
3 4,171,224
11; mills.
734,000
132,192 lo72
34,22',) 12
L874t
14,271,224
1L mills.
714.000
36,29 9,114
..5781
New Orleans.—In June, 1832. a law was passed to issue new 6 per 1876
cent 40.year bonds far all old bonds other than premiums; the
1877
bonds run
are redeem ible
after 1895. »’erticates
till 1923, but
were
..
3
7
8
1
issued for overdue coup ms to Jan. 1, 1883, an l though made for ten
1879
years th
certificates are8
payable at option.
The assessed
...
0
8
1
extended
..
..
..
..
.
..
..
..
valuation of
property, real and personal, for L882 wa* about $103,177,249. A scheme 1881...
for settling the debt by a band premium drawing pi m is in praotic \ and 18^2...
take place January
31, April 15,
July 3 L and October
15 In
drawings
...
3
8
3
1
March, 18 94, the total bo .ded debt was $15,965,720; and floating debt, 1384
coupons n *t yet
funded into
$1,420,535;
also judgments,
$721,812, 8
..
5
8
1
..
certificates. $500,009;
liabilities
$20,523,000
appeal, $i,925.667; total
Uncollected back taxes, $1,850,494. Popu¬
Games judgment on
191,418; in 1380, 216,09 J.
Newton, Mass.—There are also $25,000
lation in lr.70,
Park bon Is 4s, due 1908.
..
..
..
..
Person il
E-itate.
$427,369,384
$18 *.423,471
398 949,422
272.481,181
217,319,151
218,626,. 73
206,033,163
197,53 ’,075
79 7,143,665
.
.
Real
Estate.
..
..
..
881,547,995
883,643,545
892,428.16 5
835,063,933
99
>,855,70J
918,134,380
942, >71,69 3
976,731,193
..1,935,2/3,816
..1,079, *30.669
..1,119,761 597
175,931,955
.
)1,194,937
209,212,993
198.272,532
197,546,495
213,476,746
2
$1,009
City.
$4 96 $24 94
State.
5 20
6 65
2 L 35
7 27 2 : 13
6 51 21 J9
2 i 7:
3 78
3 56 21 94
3 43 22 37
3 12 22 1 8
3 60 22 6 )
—22 50—
22 90
..1.175 057,885
Less sinking funds.
1 Annexed towns
The reduction between the am mnt of taxation
1830 was about $3,490,000. Th *ro was, however,
*
23 31
Net Debt.
Dec. 31 *
$35,973,597
93,467,154
114,979,970
116,773,721
119,311,310
117,700 742
113,418,403
109,425,414
196,068,240
102,618,301
109,3 48,433
95,529,909
94,405,228
included.
in the years 1374 and
no suust mtial reduo-
IB
CITY
Subscribers will confer
SECURITIES.
IV OL. XL
a great favor by giving immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
For explanations see notes on first page
Date of
Bonds.
Size or
par
Value.
of tables.
INTEREST.
Amount
outstanding.
When
Rate.
Where
Pay’ble
Payable and by
Principal—When
Due.
Whom.
Paterson, N. J.—(Continued.)—
War
bounty bonds
Funding bonds, “A”
1864-’65
1877
Renewal bonds,’ ‘B” and “C”
$500
1877-’78
Philadelphian-Bonds prior to consolidation
....
for railroad stock subsidy subscript’ns
1855
for water works
1855 to’71
for bridges
1859 to’70
for park and Centennial
1868 to ’70
for war and bounty purposes
1862 to 65
1860 to ’70
municipal, school, sewer, &c
Guaranteed debt, gas loans
Four per cent loan (“A” to “ Y”)
1879
Bonds
do
do
do
do
do
-
....
Peoria, Ills.—School loan
$337,500
100,000
100 &c.
500
50 &c.
50 &c.
50 &c.
50 «fec.
50 &c.
50 &c.
50 &c.
50 &c.
25 &c.
5,515,200
8,084,485
81,500
7
6
6
5 & 6
6
6
6
6
6
6
6
4
7
J. & D.
J. & D.
Various
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
42,000
4*2
M. & N.
110,000
3,816,466
1,725,000
6,500,000
4,853,500
8,701,600
11,650,000
15,637,425
8322811 182-34
-
....
War loan
Water loan
do
Peoria & Rock Island Railroad
Pittsburg—Water exten. loan (coup, or reg.)
Water loan, reg
Funded debt and other municipal bonds
.
....
•
•
•
•
....
.
.
.
.
....
....
....
....
....
1868 to’74
1878
1845 to ’72
1863
Compromise railroad bonds (coup, and reg.)..
Bonds impr. Penn, av., &c. (local assessment). 1871 to’73
Fuuded debt improvement bonds, cp. & reg .. 1882-’83J
?ortland, Me.—Loan to Atl. & St. Lawrence RR. ’68,’69,’70
Loan to Portland & Rochester Railroad....
1867 to’69
do
do
do
1872
do
Portland &: Ogdensburg
1872
1859-79
Municipal—proper
1867
Building loan bonds
Providence, R.I.—Bonds for public improvem’ts
1855
1863
Recruiting and bounty bonds
Water loan bonds, gold, coupon
1872
do
do
1874
registered
do
do
do
1876
1875
City Hall & sewer loan b’ds, sterling, cp. or reg
do
loan of 1879
1879
Public improvement loan, registered
1879
Prov. & Springfield RR. bonds, guaranteed...
1872
Brook Street District certificates, coupon
1879
New High School Building certificates
1877 & ’79
100
25
500
100
New fives
Rochester, N. Y.—To Genesee Valley Railroad
&c.
&C.
&c.
lOD&c
1,000
787,000
500 &c.
500 &c.
627,500
416,000
'
1,000
1,200.000
500 &c.
1,015,500
325,000
600,000
1,000
300,000
2,182,000
1,908,000
1,500,000
1,397.250
600,000
596,000
Large.
1,000
1,000
500,000
280,000
1572.4381
2,846,091
1,214,700
790,900
140,000
750,000
667,000
Various
....
....
...
....
....
....
1872
1,000
To Roch. & State L. and R. N. & P. Railroads. 1872 to ’74 lOOO&c.
For various city improvements
1872 to ’75 Various
Water works loan, coupon and registered
1873 to’76 lOOOtfec.
Funding loan
1875
1,000
Consol loan
1882
5.000
50 &c.
Rockland, Me.—Municipal bonds
Railroad loan ($20,000 payable yearly)
1869
100 &c.
do
1871
100 &c.
do
1872
100 &c.
Notes and certificates of deposits
St. Louis— Renewal and floating debt bonds
1846 to ’71 Various
Real estate, buildings and general purposes.. 1840 to’68 Various
Street improvement bonds
1855 to’57 Various
Tower Grove Park bonds (gold)
1868
1,000
Sewer bonds
Various
1,000
Harbor and wharf bonds
1852 to’68 Various
Bonds to Pacific Railroad
1865
New water work bonds (gold)
1867 to ’70
1,000
do
do
'
do
1872
1,000
do
do
do
Renewal and sewer bonds (gold)
1871 to’73
1,000
Renewal purposes, gold or sterling
1873
1,000
..
3,182,000
410,000
100,000
436,200
....
....
154,000
111,500
124,300
(?)
1,688,000
1,104,000
60,000
346,000
1,108,000
641,000
700,000
3,950,000
....
....
....
Renewal, &c., bonds, gold. $ and &
Renewal, &c., bonds, gold $ and £, coupon...
Renewal bds.,gold,$and £(partred’mable ’90)
Bridge approach bonds (gold)
8t. Louis County bonds assumedinsane
1875
1874-’79
1880
1872
Asylum
General purposes,
gold
Renewal
Park bonds, coupon,
81.
1,000
1,000
1,000
500
1867
1868
1872
1873 to ’76
1875
1875
County Jail
gold
County bonds
Joseph Mo.—Funding bonds
1,250,000
800.000
....
681,000
1,074,000
707,000
2,747.000
1,024,000
461,000
1,000
1,000
100,000
500,000
600,000
1.000
1,000
1,000
850,000
1,900,000
500,000
1,000
....
891,800
...
Funding bends
941,100
16400
Various issues
80,069
.../
Bridge bonds
1871
1881-82
1867 to ’83
81. Paul, Minn.—Bonds
Bonds
500
1.000
tion in the expense of administering the City Government as reduc¬
tion in State taxes was about equal to reduction in tax levy. (V. 39, p.
49, 727.)
Norfolk, Va,-The assessed valuations and tax rate
been:
Years.
Real Estate.
..
;
$1,000 have
Personalty.
$8,861,392
9,354,765
9,590,431
$1,463 498
1,310,861
Tax Rate.
$19
20
20
20
1,363,403
9,776,197
—Population in 1870, 19,229
per
1,722,492
in 1880, 21,966.
Norwich, Conn.—The assessed valuations, tax rate, &c., have
been:
Real
Estate.
Years.
$7,438,097
7,382.834
Personal
Rate of
Property.
Tax.
8 mills.
$2,976,028
2,872,566
10
“
7,362,364
2,762,931
10
7,392,767
2,658,058
9
—Sinking fund, May, 1883, $33,778 ; population, 21,145 in 1880; 16,
653 in It 70.
Paterson, N. J.—Finances are apparently in a sound
The assessed valuations, tax rate per $1,000, &o., have been:
Years.
Real Estate.
Personalty. Tax Rate.
1880
1881
1882
conditionDebt.
$16,398,608
16,935,278
$3,544,517
2k
$1,259,500
3,637,837
2k
1,264,000
17,746,040
2-30
3,768,240
1,251,500
1883
18,506.048
2-28
3,856,635
1,217,500
1884
18,521,342
2-50
3,876,075
1,168,500
—Population, 51,031 in 1880; 33,579 in 1870.
Philadelphia.—On Jan. 1,1884, the debt was $66,365,591; floating
debt, $68y,356. In the following table the assessed value of real estate
is
....
....
its cash value:
Years.
near
Real Estate.
$535,805,744
545,608,579
554,624,115
573,728,105
i
Personalty,
Tax Rate.
$7,863,385
$19
19
18
18
8,795,700
9,884,578
9,884,578
50
00
50
50
Various
Various
J. & J.
A. & O.
J. & J.
Various
J. & J.
Various
7
5
6
6
6
6
5 &
6
6
5
5 & 6
5 & 6
5
5
6
June, 1887
1901-1905
1885
Philadelphia, by Treasurer.
do
do
do
do
do
do
do
do
do
)
do
do
do
do
do
do
do
>
1885 to 1903
)
> 1885 to 1905
5
1885 to 1905
1885 to 1904
N. Y., Mercantile Nat. Bk.
1886 to 1898
do
do
Mar. 1, 1902&’03
do
do
1888-1901
do
do
1889-1901
New York.
July 1, 1888
Phila., Townsend, W. & Co.
1893 to ’98
do
do
1908
Pittsburg and New York.
1886 to 1912
New York, B’k of America.
1913
1885& ’86
Philadelphia.
& N. Boston, Blackstone N. B’k.
& J.
do
do
& J.
& S.
1884 to 1900
do
do
Pittsb’rg and Philadelphia.
....
M.
J.
J.
M.
do
do
do
do
Boston, Case Nat. Bank.
1912-1913
Nov.,1886,’87,’88
July, 1887
July 1, 1897
Sept. 1,1907
Boston and Portland.
1883 to ’95
J. & D,
do
June 1, 1887
"
M. & 8Providence.
Sept., 1885
J. & J.
do
Jan., 1893
g. J. & J. Boston, Prov. and London.
July, 1900
g. J. & J. N. Y., N. City Bank, & Prov.
July, 1900
do
do
g. J. & J.
July 1, 1906
g. J. & J. London, Morton, Rose & Co
July 1, 1895
-4V J. & D.
Providence.
June 1,1899
5
J. & J.
do
July 1,’99 & 1900
7
J. & J.
do
1892
M. & N.
Boston and Providence.
4k
May 1. 1885-’86
4k
Various
do
do
1885-’89
6
J. & J.
J.& J., 1884-1914
Richmond, Treasurer.
8
J. & J.
do
do
1886&1904-1909
5
J. & J.
do
do
July 1914-’15
7
J. & J.
N. Y.. Union Trust Co.
1886 to 1903
7
F. & A. New York and Rochester.
Feb. 1,1893
7
Various
do
do
1886 to 1902
7
J. & J.
N. Y., Union Trust Co.
Jan. 1,1903
7
J. & J.
do
do
Jan. 1, 1905
4
F. & A.
do
do
Aug. 1, 1912
4 & 5
8emi-an
1884 to 1911
City Treasury.
6
J. & J.
Boston.
1884 to 1899
6
F & A.
Boston, 1st Nat. Bank.
1891
6
M. & 8.
1902
City Treasury.
±
3 65 & 4
do
On call.
6
Various N. Y., Nat. Bank Republic
1883 to’91
6
Various
do
do
1883 to 1906
6
Various
do
do
1886 & ’87
6 g. F. & A.
do
do
Aug., 1898
6 g. Various
do
do
1887 to’95
6
Various
do
do
1886 to’88
7
F. & A. N. Y., Nat. B’k Commerce.
Feb. 1,1885
6 g. J. <fc D. New York and St. Louis. June, 1887,’& 90
6 g- A. & 0. N. Y., Nat. B’k Commerce.
April 1, 1892
6 g. M. & N.
July 1, 1894
6 g. Various
New York or London.
1891 to ’94
6 g. M. & N.
do
do
Nov. 1, 1893
6 g. M. & N.
do
do
May 1, 1895
6 g. J. & J.
do
do
1894 & 1899
5 g. Various
do
do
Jan. & June, 1900
6 g. J. & D. N. Y., Nat. B’k Commerce.
Dec. 10, 1892
m’nthly
.
7
7
6 g.
7 & 6 g.
6 g
6 g.
4
6
4-5
J.
M.
J.
J.
A.
M.
m
&
&
&
&
&
&
J. N. Y., Nat. Bk. Commerce.
8.
do
do
D.
do
do
J.
do
do
O.
do
do
N.
do
do
N. Y.. Amer. Exoh.Nat.Bk.
July 1,1887
Sept. 1, 1888
June, 1892
1889 to 1896
April 1,1905
May 1, 1895
6, 7& 10
223,300
411,000
454,000
1,000
Various
7
5 & 6g.
7
7
6
6 & 7
4 & 5
1,281,000
2,176,300
3,883,700
1,480.000
1000&C.
1000&C.
1000&C.
lOOO&c.
1000&C.
£100
lOOO&c.
....
Bonds, reg. and coup. ($213,500 are coup.)...
&c.
...
....
Richmond,Ya.—Bonds, reg.,($118,000 are coup.)
367,000
83,000
100,000
4,282,500
300,000
....
City Hall, by Treasurer.
10
4
5
J. & J. N. Y., Nat. B’k Commerce.
Various N. Y. Am. Exch’ge Nat. Bk.
Various
do
do
Assessed valuations
of
property for 1884 are:
1891
1906 to 1912
1887 to 1913
Full city
property,
$526,128,278; suburban property, $38,360,415; farm property, $19,123,990; all the personal being classified with the full city property.
Tax rate, $18 50. Population, 1870, 674,022, against 847,170 in 1880.
Peoria. Ill.—Total debt, $673,500 in 1884. Population, 29,259 in
1880; 22,849 in 1870; in 1883 (estimated), 40,000.
Pittsburg.—The Penn. Avenue and other street bonds maturing in
1885 andj’86 are funded into the 5 per cent improvement bonds of 1912-13
The assessed valuation in 1884
was:
Real property, 8105,404,720;
personal, only $1,838,258. Tax rate, 1884, 16 mills per $1. Popula¬
tion, 156,389 in 1880; 86.076 in 1870, and in May, 1884 (estimated),
180,000. (V. 38, p. 80.)
Portland, me.
The sinking fund and available assets March 31,
1883, were $133,846. The city is protected by mortgages on Atlantio
& St. Lawrence and Portland &
Ogdensburg railroads. Population In
1879, 35,010, against 31,413 in 1870, and 26,341 in 1860. Population
1880, 33,810; 1870, 31,413. The assessed valuations, tax rate, &o.,
in
have been:
Real
Personal Rate of Tax
Total
Sinking
Property, per $1,000.
Debt. Funds, <fco.*
1880-81
$19,777,200 $11,376,456 $25 50 $4,688,100
$92,350
1881-82
19.886.300
23 50
11,609,585
4,620,500
40,161
20.288.300
2150
12,354,455
4,545,500
51,869
20.431.300
12,598,720
20 00
4,371,000
133,840
*
These do not include the sinking funds for railroad loans.
Providence, R. I.—The principal debt of Providence has been cre¬
ated since ’72 for water works, sewerage, new
City Hall and Brook Street
Improvement. The sinking fund for bonds due in 1885 is $771,438; 1893.
$292,937; 1895-99, $548,737; *1899-1900,*$94,556; 1900-6, $137,732;
Brook Street district, $13,615. Population, 1870, 68,904; 1880, 104,857.
The laws of Rhode Island now limit the debts of towns to 3 per ct. of their
Years.
Estate.
..
..
..
assessed valuation.
Richmond, Va.—Real estate assessed, 1882, $28,946,828; personal,
$12,689,534. Tax rate, $1 40.
1883, real, $29,240,022; personal,
In rate,
$29,388,622;
personal,
f12,628,267.
1884.$1 real
estate valuation,
12,952,542; tax
40. Population,
63,600 in
1880; 51,038
in’70.^
Rochester.—Total funded debt, $5,249,000 March, 1885. The bonds
of Genesee
Valley RR. loan, $148,000,
are
provided for by net reoeipta
CITY
1885.J
February
Subscribers will confer a great
13
SECURITIES
favor by giving Immediate notice
of any error discovered in these Tables.
I
INTEREST.
Date of
DESCRIPTION.
Bonds.
For explanations see notes
on
first page of tables
Size or
outstanding
par
Value.
1
8
0
2
3
4
5
821 881
81.
Paul, yiun.—(Continued)—
1868-’78-’9 $500&c.
1862 to’81 Various
1860 to’79 Various
Bonds
do
do
Waterworks coups, (acts Feb.,’81 & Jan., ’83).
Salem, Mass.—City
debt
Citydebt
Water loan
do
Francisco— Bonds of 1858, coupon (gold)..
Central Pacific Railroad, coupon (gold)
Western Paciflo Railroad,
do
do
8an
judgment bonds,
do
School bonds
School bonds
Park improvement
Hospital bonds
do
bonds
House of Correction
bonds
City Hall construction, s
Montgomery Ave (special tax)
Dupont St. (special) (Act March 4, 1876)
Savannah, Oa— New compromise bonds
1883
Various.
1871
1868-9
1878
1858
1864
are
189.500
&c
&c.
&c.
&c.
210,000
<fcc.
&c.
&c.
&c.
&c.
200,000
475,000
210,000
150,000
475.500
1,579,000
3,356,800
1,250,000
335,000
111,900
140,000
1,000
6 per cents)
Railroad loan
Various.
Toledo, O.—General fund city bonds, coup
1870
Toledo & Woodville Railroad, coupon
’73,’74&79|
Water works ($3,000 only 6s)
Bhort bonds, chargeable on special assessm’ts. Various.
000
000
1,200,000
200,000
1,090,000
1883
Bonds, payable after 1893
Worcester, M.—City, ($527,500 c., $1,520,900 r.) 1861 to ’83 500 <fcc.
1870 to’83 500 &c.
Sewerdebt (all registered)
1870 to ’76 500 &c.
Water debt ($79,000 coup., $280,300 reg.) ..
1884
Water loan
6
6
5
6
7
7
7
7
6
6
6
7
6
285,000
928,000
100 <fec.
Various.
4, 5 & 6
125,000
246,000
Large.
Springfield, Mass.—City notes
($200,000
398.500
&c
Large.
Water loan
Water loan
1,000
1873-74
1876
Somerville, Mass— City debt
City bonds
100 &c.
178.500
300,000
375,000
1,000
432,000
1,000,000
250.500
225,000
2,048,400
390,000
359,300
200,000
said road to Erie Railway. Population, 89,366 in 1880;
62,386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
per ct. of true value), rate of tax, &c., have been:
Total
Tax per $1,000
Personal
Real
Debt.
in old Wards.
Estate.
Property.
Years.
19-64
$5,471,686
$1,706,300
1878.... $42,658,350
21-79533
5,446,186
1,584,940
1879.... 37,299,400
23-86
5,382,950
1,430,144
34.408,725
1880
24-67
1,291,320
34,596,225
1881
28-61
5,355,000
1,202,395
34,849,975
1882....
Rockland. Me,-Valuat’n of real and personal estate, 1883, $3,651,500. Tax rate, $26 per $1,000. Population, 7,599 in 1881; 7,074 in
from a lease of
....
g.
g.
gg.
g.
g.
gg.
g.
g.
Where
Pay’ble
6
7
8
5
278,125
600,000
100 die.
When
Rate.
$468,500
674,317
l,000&c
500
500
500
1865
500
1867
500
1870
500
1874
1872 to ’75 500
1871 to ’73 500
500
1874
1875 to ’76 500
1879
Principal—When
Amount
Due.
Payable, and by
'Whom.
1888 to 1904
Various N. Y. Am. Exoh’ge Nat. Bk.
1884 to 1906
do
do
Various
1893 to 1904
Various
do
do
1909 & 1914
A. & O.
do
do
1884 to 1892
Various
City Treasury.
Jan. 1. 1891
J. & J. Boston, Merchants1 Bank,
do
A. & O.
do
Apl. 1,1883-1898
do
do
J. & J.
July 1,1904
Jan. 1, 1888
J. & J. San F.& N.Y,, Laidlaw & Co.
do
J. & J.
do
July 1, 1894
M. & N.
do
do
May 1. 1895
Oct. 1, 1887
do
A. & O.
do
June 1,1882 to '90
do
do
J. & D.
de
do
J & J.
July 1, 1894
1897 & 1904
do
do
J. & J.
Nov. 1, 1891
do
do
M. & N.
do
do
J. & J.
July 1,1894
1899
do
do
....
*
7* g.
& J. San.F.& N.Y.,Laidlaw& Co.
5
Q—F. N. Y., Eugene Kelly & Co.
55^66 Jfl Various Boston, Nat. Security Bank
do
do
5*2,6,6*2 Various
Various
City Treasury.
4,6
Various Boston, First National B’k.
6
do
A. & O.
do
6 & 7
do
do
A. & O.
7
412 to 8 Various N. Y., Imp. & Trad. N. Bk.
do
do
M. & N.
73
do
do
Various
6 & 8
do
do
Various
7 & 8
do
A. & O.
do
5
4, 5 & 6 Various D.Treas.&Bost. Mehta.’ Bk.
4, 4>fl, 5 Various
Various
5 & 6
A. & 0.
4
*1896
J.
Feb.
1, 1909
1882 to 1896
1880 to 1906
1884 to 1889
1884-1890
Apl. 1,’94, to 1905
1884 to 1893
1885 to 1913
May, 1900
1893 to 2000
1884 to 1887
Oct., 1913
1884 to 1905
1899 to 1905
1885 to 1906
*
April 1, 1914
only on the assessment of property benefltted, and suits were in
October, 1h84, to determine their legal status. The assessments
for four years and tax rate (per $100) are given below.
The large in¬
crease in personalty in 1880-81 was made by the arbitrary assessment
able
progress
of persons making no sworn statements of their
valuations are made by the city and county:
Realty.
1879-80....:
....
.
$166,429,845
165,023,658
155,834,879
151,894,908
182,531,759
property. The following
Personalty.
$51,057,229
279,287,738
66,598,521
50,267,099
70,691,188
58,868,427
Tax Rate.
$1 99*«
2 21
1 80**
1 80*4
164,211,887
1 12^
by the State was $180,633,075 real and
1870.
In 1884-85 the valuation
Joseph, Mo.—Population in 1880, 32.431; in 1870, 19,565. As¬ $64,081,492 personal; State tax on these valuations is 45-2 cents per
1880, $5,723,784. Personalty, $3,294,451; total $9,018,235. Rato of tax, 1880, 32^ mills. In 1882 total $100.
Sinking funds raised annually amount to over $238,000, the amount
assessed valuation was $12,000,000. In above statement of bonds the
June 30, 1884, being $721,973. (V. 36, p. 445.)
amounts given include accrued interest to April 1, 1883. A compromise on hand
of the debt was made in new 4 per cent bonds, which are given for the
Savannah, Ga.-Default was made on interest, Nov. 1,1876, in conse¬
full principal and interest of old bonds, and interest is pad on these only. quence of yellow fever and non-collection of taxes. The compromise
St. Louis.—Population by the United States census in 1870 was
o Feb.
new
face
per 58 per cent of the face value in similar bonds. In 1884
1, 1879,
310,864, against 350,518 in 1880. The city and county were merged there remained
$119,600 of old seven snot yet exchanged for fives; also,
by law in 1877 and city assumed the county bonds. The Comptroller there are $390,000 of fives to be issued for city obligations xo Sav.
gives the following in his report to April, 1882: The liabilities appear as
follows: The bonded debt at the close of fiscal year (April 10,1882) is Albany & Gulf RR. Assessed value of real estate and tax rate each year
have been as follows: In 1881, $10,500,000, $25; 1882, $10,650,000,
$22,417,000. A claim of the St. Louis Gaslight Company for gas fur¬
Population in 1870, 28,235, against
nished. amounting in all to about $882,000, with interest to March 31, $30; 1883, $10,900,000, $30.
1882, was decided against the city in 1880, but appealed. Assessed valu¬ 30,709 in 1880 and 37,333 in 1882.
ation of property and tax rate have been :
Somerville, Mass,—Total debt, Jan. 1, 1884, $1,585,000; sinking
-Rate of tax per $1,000.Real Estate
fund, $438,000.
Property valuation in 1882, $23,162,200; in 1883,
Bonded
and Personal
New
Old
$23,812,900; in 1884, $24,331,100.
Tax rate, $16 60.
Except
Debt.
Years.
$140,000 5s in $1,000 pieces, all bonds are in $2,000 to $50,000 pieces.
Property.
Limits.
Limits.
$22,614,000 Population, 24,933 in 1880; 14,685 in 1870.
1879
$164,399,470
$17 50
$5 00
22,507,000
160,634,840
5 00
17 50
Springfield, Mass,—Total funded debt, Jan., 1884, $1,651,900;
22,417,000 cash
1881
167,336,600
5 00
17 50
assets, $129,138.
The railroad debt falls due $20,000 each year.
22,311,000
5 00
191,720,500
17 50
Population in 1882, 35,000; 1870, 26,703. Tax valuation and rates
St.
sessed valuation of real estate,
St. Paul9
Minn.—Population in 1870 was 22,300;
in 1880,
41,498;
in 1884 the local estimate of population is 100,000. Assessed valuations
of taxable property and tax rate have been:
Total
Rate of Tax
Personal
Debt.
Real Estate.
per $1,000.
Property.
Years.
22 mills.
$1,332,500
1876
$18,835,525 $6,340,493
18
“
1,327,200
5,452,871
1877
18,993,545
13
“
1,356,444
5,491,026
1878
17,300,486
“
15
1,519,310
5,942.503
1879
17,300,766
21
“
1,959,910
a
1882
30,000,000 10,000,000
24-50“
2,328,040
1883
31,000,000 12,000,000
..
..
..
..
..
..
one-tliird of true value. (V. 38, p. 510.)
Salem, Mass.—The sinkingfunds Jan 1,1884,were $226,363, mostly
consisting of City of Salem bonds. Population. 27.563 in 1880; 24,117
in 1870. Tax valuation, 1882, $25,528,242; tax rate, $15 50
In 1883
valuation, $25,614,115; tax rate, $16.
San Francisoo.—Population. 233,959 in 1880; 149,473, in 1870. The
Montgomery Avenue and Dupont Street bonds are special issues charge¬
—Valuation of real estate is about
5
cent bonds for the face of old bonds; and for interest up
have been:
Years.
1881
Personal
Real Estate.
property.
$23,795,920
$8,935,850
Tax rate
per
$1,000.
12 50
9,198,258
12 50
25,084,420
1883
25,676,800
9,260,459
12 50
—Valuation of real estate is about 67 per cent of true value.
Toledo.—Total debt, Jan., 1885, was $3,127,500. Of this the debt
payable by special assessments was $250,500
Taxable valuation of
real estate, 1883, $20,644,600; personal, $8,159,380; total valuation,
$28,803,980; tax rate, $2*44 per $100. Valuation, 1884, real estate,
$21,375,280; peisonal, $8,646,190; total valuation, $30,021,470; tax
Population, 50,137 in 1880; 31,584 in 1870.
Worcester, Mass,—Total funded debt, Jan. 1,1884, $2,797,700;
temporary debt $150,000. Cash assets, $577,823, including $486,776
in sinking fund. Population, 58,291 in 1880, 41,105 in 1870. Tax valu¬
ation, 1880, $41,005,112: in 1881, $42,606,529; 1882, $45,504,512;
tax rate, 1-74. In 1883, $48,570,335; tax rale, 1*72
rate, $2 22.
RAILROAD
14
Subscribers will coqfier a great
discovered in tbese Tables.
INTERE8T OR DIVIDENDS.
For explanation of column headings,
on first page of tables.
&c., see note8
Ala. N. O. Texas <t Pacific June.—1st debentures
2d debentures
Ala. Qt. Soulh’n.—1st mortgage, coupon
...
Miles Date
of
of
Road. Bonds
233
296
209
Albany <t Susquehanna—Stock
mortgage..L
Albany City loan (sinking fund, 1 per ct. yearly).
2d mortgage
Oonsol. mort. (guar. D. &H. endorsed on bonds)..
A llegheny Valley —Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East ext.
142
142
1st mort., East’n Exten., guar, by Pa. RR
Funding income bonds, with traffic guarantee—
Amador Brunch— 1st mortgage
142
142
259
132
110
110
259
27
Asheville <£• Spartanburg—1st mortgage
Ashtabula <£ Pittsburg—1st mortgage, coup, or reg..
Atchison Col. <& Pacific— 1st mort., guar
Atchison Jewell Co. <£ West.—1st M., guar. C.B.U. P.
62
254
34
Alchisori Topeka «£- Santa. Fe—Stock
1st mortgage, gold, ($15 000 p. m.)
Land grant mortgage, gold. ($7,500
Consol, bonds, gold, ($7,500 p. m.)
p.
gold
1882
1884
1878
1863
[
Outstanding
£100
£100
$7,500,000
2,500,000
$1,000
1,679,000
3,500,000
1866
1870
1871
1874
1877
1,000
100,000
1,000
998,000
1,000,000
1,627,000
8,000,000
2,166,500
4,000,000
2,660,000
10,000,000
100 &c.
9,339,500
1,000
675,000
1878
1879
1879
1,000
1,000
1,500,000
1865
1865
1876
1,000
1,000
1,000
1,000
50
1869
1870
-----
Guar,.eutal.
Amount
Par
Value.
100
1,820
m.)
M.,gold J
Size, or
Rate per
When
Cent.
Payable
6
6
6 g-
3^2
7
6
7
6 & 7
A.
J.
T.
J.
J.
M.
A.
&
&
&
&
&
&
&
A. &
27
66
148
4,072,000
542,000
1,000
100
500 &c.
500 &c.
56,913,200
7,041,000
2,626,000
108.500
....
1880
1880
1880
1881
1872
1875
1878
1875
1,000
1,000
1,068,000
3,594,000
4,841,000
9,635,000
1,000
1,000
412,000
854,000
1,000
1,000
Alabama N. O. Texas Sc Pacific Junction (Limited).—(See
Map Ginn. N.O.dt T.P.— This is an English Co. controlling the Vicksburg
& Meridian, 142 miles; Vicksburg Shreveport & Pacific, 189 miles; N. O.
Sc North Eastern, 190 miles; and Spanish Fort R’y, near New Orleans, 13
miles. It also contrbls the Cincinnati New Orleans <fe Texas Pacific
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
ment of the company is the same as that of the Alabama Great
Southern RR. Length of roads, 863 miles; add Ala. Gt. Southern RR., 295
miles; entire system, 1,158 miles. Road opened through from Cincin¬
nati to New Orleans Oct., 1883, and to Shreveport, La., July. 1884. The
preferred or “A” shares are £1,500,000, having a preference for 6 per
cent dividends and cumulative, and the deferred or “B” shares
£2,500,000; par value of all shares, £10 each. The first debentures are
redeemable any time at 115, on six months’ notice. The company holds
the following securities, viz.: Cin. N. O. & Texas Pac. $1,532,000 stock;
Vicksburg & Meridian, $245,000 1st mortgage, $105,000 2d mortgage,
$416,500 3d mortgage, $1,461,300 preferred stock and $363,000 com¬
mon stock; of Vicksburg Shreveport & Pacific $3,692,000 1st mortgage,
$1,931,000 incomes and $1,594,000 sfcook; of N. O. & North Eastern
$4,900,000 1st mort. and $4,320,000 stock; N. O. Spanish Fort & L RR.
$300,000 1st mortgage and $200,000 common stock. (V. 38, p. 177; V.
39, p. 63, 70.)
Alabama Great Southern.—(See Map Ginn. N. O. <£ T. P.)— From
Wauhatchie, Tenn., to Meridian, Miss., 290 miles; leased, Wauhatchie
to Chattanooga, 6 miles; total operated, 296 miles. The Alabama &
Chattanooga RR. made default Jan. 1,1871, and road was sold under fore¬
closure Jan. 22, 1877. Present company organized Nov. 30,
controlled by an English company of the same title. The
200,000
....
1,000
1877, and is
lands were
1,633,000
Whom.
J.
6
6
6
F. & A. Phil.,
l!-2
7
7
7
5
5
g.
gg.
g.
41q
6
7 g.
7 g.
7
7 g.
Dividend.
Y., Winslow, L. &Co. March 1,1896
100,000 y’rly.
A. & 0. Philadelphia or London April 1, 1910
Oct. 1, 1894
A. & O. Pittsburg, Co.’s Office.
J. & J. N. Y., Cent. Pacific RR. Jan. 1, 1907
7-30
5
7
7
6
•
Bonds—Prinoi
pal, When Due
Where Payable, and by
Stocks—Last
London.
O.
April 1, 1907
do
June 1,1907
D.
Jan. 1, 1908
J. N.Y.,Farmers’ L. & T. Co
Jan. 1, 1885
J. N. Y., B’k of Commerce.
J. N.Y.,Del. &Hud.Can.Co
July, 1888
do
N.
do
Nov., 1895-’97
0.
do
do
Oct., 1885
O.
do
do
April 1, 1906
& J. N.
Jan’ary Harrisburg, Treasury.
(?)
470
Bonds, gold (secured by mort. bonds) $1,185,000.
S. F. bonds for purchase of K. C. L. & S. K. stock.
Sinking fund bonds (secured by mort. bds.)
Sink, fund bds. (secured by deposit of mort. bds.)
Wichita & South west.,'1st M.,gold)
(
Kans. City Top.* W. IstM.,
Pueblo & Ark. Valley, 1st
[Vol. XL.
favor by giving.immediate notice of any error
DESCRIPTION.
1st
BONDS.
STOCKS AND
Q.-F.
Q.-F.
Q.-F.
J.
A.
A.
A.
M.
A.
J.
J.
r.
M.
J.
&
&
&
&
&
&
&
&
&
&
&
J.
0.
O.
O.
S.
0.
D.
J.
j.
S.
J.
Fid. I.T. & S.D.Co.
N.Y., Un. Pac.RR.Office
N.Y.,Un Pac. RR office.
Boston, at Office..
Boston, North Nat. Bk.
do
do
do
do
Boston, BostonNat.B’k.
do
do
Bosf. Safe Dep. & Tr. Co.
Boston, Co.’8 Office.
Boston, North Nat. Bk.
do
do
do
do
Bost., N. Bk. of N. Am’a
Aug. 1, 1908
May 1, 1905
May 1, 1905
Feb. 16, 1885
July 1, 1899
Oct.
1, 1900
April 1, 1903
Apfil 1, 1909
Sept. 1, 1920
Oct. 1, 1920
Dec. 1, 1911
July 1,
July 1,
Mar. 1,
July 1,
1902
1905
1906
1905
trolled, and the whole system is virtually owned by Union Pacific, but
operated by Mo. Pac. Stock, $1,526,800. Rental for 1883, $253,500.
Atchison Jewell Co. Sc West.—Jamestown, Kan., to Burr Oak,
Under same auspices and control as Atohison Colorado
& Pacific. Stock, $202,400, of which Union Paciflo owns $105,000. Ren¬
tal for 1833, $33,875.
Kan., 34 miles.
Atchison Topeka Sc Santa Fe.— (See Map.)— Line of Road. Main Line—Atchison to Kans. State line, 471 miles. Owned jointly with
Union Pao.—Brauoh to Manhattan, 57 m., and branch to Leavenworth,
46 miles. Leased—Various branch roads in So. Kansas and to Pleasant;
miles; Kan. State L. to 8. Pueblo, Col., 149 miles;
37 miles; La Junta to N. Mex. State Line, 96
miles; Colorado St. L. to San Marcial, N. M., 354 miles; Lamy to Santa
Fe, 18 miles; San Marcial to Deming, N. M., 128 miles: Rinoon to Texas
line, 58 miles; coal roads, 15 miles; Las Vegas Hot Springs road, 6
miles; Texas line to El Paso, 20 miles; total leased, 1,319 miles. Total
operated directly, 1,820 miles. The road owned jointly with the Union
Pac., 103 miles; the Kan. C. Law. & So. Kan., 398 miles, controlled; and
the Sonora system, 35.) miles, controlled—are not embraced in the miles
perated.
The total mileage controlled is 2,621 miles.
Organization, Leases, &c.—'The A. T. & 8. Fe. Co. was incorporated
March 3, 1863, and includes the Atchison & Topeka RR., incorporated
Feb. 11, 18 >9. The land grant was received by Act of Kansas Feb. 9,
1864.
The main line of 471 miles was opened Dec. 23, 1872.
The
whole system outside of the main line is nominally under different cor¬
porations, of which the ownership is vested in the A. T. &8. F., and the
roads also leased to that Co. and interest on the bonds usually paid as
rental. The Kansas C. Law. & So. Kan. and the Sonora systems are not
leased, but are controlled by ownership of the stock. The A. T. & S. Fe
Co. has issued its own stock and bonds to purchase the stocks and bonds
Hill,
Mo., 468
Pueblo to Rook vale, Col.,
conveyed in full settlement to the holders of the $2,000,000 of Alabama
State bonds. These lands (about 550,000 acres) are held by trustees.
(V. 30, p. ] 17.)
Capital stock—common, $7,830,000, and preferred 6
of leased and auxiliary companies, and the balance sheet shows
per cent, $2,750,000. Gross earnings in 1883, $1,058,763; net. $306,083.
$46,839,550 so invested; besides $4,274,000 bonds owned, against which
Gross in 1882, $363,418; net, $240,376. (V. 38, p. 331, 479, 763.)
Atchison Topeka & Santa Fe securities have uot been issued
The fiscal
Albany Sc Susquehanna.—Road owned from Albany, N. Y., to year ends Dec. 31. The election of directors is held in April.
Binghamton, N.Y., 142 miles ; branches operated Duanesburg Juuction,
An agreement was made in Feb., 1880, with the St. L. & San Fran, for
N. Y\, to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21
the joint construction of aline to the Pacific, under name of Atlantic &
miles; operates Lackawanna & Susquehanna RR., 22 miles; East Glen- Pacific, and in Sept., 1884, an
agreement was made for the control of the
ville to Coons, 10 miles; total operated, 209 miles. Leased in perpetuity
Pacific and a right for traffic over the
from Feb.. 1870, to Delaware & Hudson Canal Co.; rental, 7 per cent Mojave Division of the Southern
Southern Pacific to San Francisco.
on stock and interest on bonds.
Additions and betterments charged to
lessors, and cost made part of investment. The Pennsylvania coal fields,
by the joiut use of the Jefferson RR., give a large coal traffic to the road
and to the other Delaware & Hudson leased roads north from Albany
to the Canada line. The consolidated mortgage is for $10,000,000, of
which $3,000,000 are 7 per cents.
Gross earnings in 1883-84, $2,611,-
383; net, $985,256; deficit to lessee after all payments, $157,760. (V.
39, p. 581; V. 40, p. 28.)
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132
miles; branches—Red Bank, Pa., to Driftwood, 110 miles; others, 17
miles; total operated, 259 miles.
The company became embarrassed
in 1874 and compromised with its creditors.
It still falls short
of earning interest liabilities. The amount of income bonds authorized
is $10,000,000; these receive all revenue left after interest on prior
liens, and any deficiency is made up by additional issues. Of the income
bonds the Pennsylvania RR., Northern Central and Philadelphia & Erie
hold $5,856,000, the interest on which is paid altogether in bond scrip;
the bonds held by individuals are paid in cash and scrip convertible
into income bonds. In 1883 the charges for mortgage interest and car
trust
payments
were
$1,138,292; income bonds, $625,135; total,
debt due to Pennsyl¬
$1,763,427; deficit in net earnings, $876,654. The
vania RR. is $3,902,815. In April, 1884, a receiver was appointed at
the instance of the Peun. and other railroads as plaintiffs.
The annual report for 1833 was in V. 38, p. 619. Eariliugs for three
years were as follows: 1881, gross, $2,169,786; net, $904,672; 1832,
gross, $2,353,698; net, $836,603; 1883, gross, $2,255,942; net, $886,772. (V. 38, p. 423, 571, 619; V. 39. p. 21, 461, 492.)
Amador Branch.-Galt, Cal., to lone, Cal., 27 miles. Leased till
Nov. 1, 1890, to Cent. Pacific ; rental $3,500 per month. 8tock, $675,000. Leland Stanford, President, San Francisco.
Asheville Sc
Spartanburg.—From Spartanburg, S. C., to Ashe¬
ville, N. C., 67 miles, of which 49 miles, to Hendersonville, in operation.
Formerly Spartanburg & Asheville; sold in foreclosure April. 183 L, and
reorganized.
was
Stock $1,050,000.
In 1883 the mortgage for $500,000
Controlled by Richmond &
Gross earnings in 1882-3 $39,460; deficit, $777.
(V. 39, p.
made to build the 18 miles to Asheville.
Danville.
15S.)
Stock and Bonds—The stock has been increased rapidly to present
figures for the acquisition of the auxiliary lines and by way of stock
dividends. Dividends have been—in 1879,3 percent; in 1880,
in
1881, 6 cash and 50 stock; in 1882, 6; in 1883, 6; in 1881, 6. The
range in prices of stock in Boston was—in 1881, 92tf>15414; in 1882,
7878®9618; in 1883, 78^86*4; in 1384, 59^5>80; in 1885, to Feb. 20,
7338®7914.
The land grant bonds receive the proceeds of land sales in payment of
interest and principal, and bonds are paid off accordingly. The A. T. &
S. F. bonds have in several cases been issued to build the leased lines,
and the mortgage bonds of those lines are deposited with trustees as
security. The 4*2 per cent bonds, due Oct., 1920, have the 6 per cent
mortgage bonds of the Rio Gr. Mex. & Pac. and the Rio Gr. & El Paso
roads as security, the sinking fund being 1*9 per cent per annum rising
to 3*2 per cent by 1910. The 6 per cent bonds, due Dec. 1, 49 L1, have as
security 1st mort. bonds of the following roads: Elk & Chatauqua RR.
7s, N. Mex. & Arizona RR. 6s, Man. Alma & Burlingame 6s, Marion &
McPherson 6s, Silver City Deming & Pac. 6s; Kans. City & Olathe; Kans.
C. & Emporia; N. Met.; Kan So.; and 2d mort. bonds—N. Mex. & So. PaOi
6s, Marion & MoP. 6s; Wichita & Southw.; they are redeemable at 105 by
the sinking fund, which is 1 per cent per annum for 10 years and 2 per
cent thereafter. The 5 per cent bonds, due April L, 1909, are secured
by the N. Mex. & So. Pac. 1st mort. 7s. The 5 per ot. bonds, due Sept. 1*
1920, are secured by the K. City Top. & West. 1st mort. bonds and stock.
On other bonds the interest is paid as rental. Such bonds as are held in
the company’s treasury, or leased line bonds held as collateral for any
of its own bonds given above, are not included in the above amounts
outstanding. Interest on the Sonora RR. in Mex (262 miles) 1st M. bonds
is guaranteed. The Leav. Top. &So. RR. bonds at 4 per cent are guar¬
anteed one-half by the At. Top. & S. Feand one-half by the Union Pacific.
Land Grant—Tbe lands are in Kansas granted by Act of Congress
March 3, 1863, and Kansas, Feb. 9, 1834. Land sales in 1883, 431,755
acres for $1,538,211. being an average of $3 56 per acre; Assets De¬
cember 31,1883, $1,390,773 contracts and 1,247,744 acres yet
unsold.
Operations, Finances, &c.—The A. T. & S. F. has been one of the
most successful of roads built into new territory, where a monopoly of
busiuess has produced large net earnings.
The connection with the
Youngstown, O., to Ashta¬ Atlantic & Pacific took effect for business in Oct., 1883, and the through
Ashtabula Youngstown Sc line to San Francisco Oct. 1, 1884, ahd the results from these, as also
Pittsburg in 1870. Defaulted and property sold August 21, 1878. from the connection with Mexican Central at El Paso, opened through to
Existing compauy organized Sept. 25, 1878, and it is leased by Penn. Mexico City in March, 1884, remain to be seen.
The veport for 1383 in the Chronicle, V. 33, p.453, said: “ In view of
Co., which pays net earnings to A. & P. The common stock is
$958,591 and preferred $700,000; par of shares, $50. Gross earnings the increased tonnage and decreased rates of 1883, the large reduction
in 1883, $447,087 ; net, $163,403; interest, $90,000. Gross earnings made in operating expenses requires a passing word. The rate of oper¬
in 1884, $387,187; net,$93,693; interest, $90,000.
(V. 38, p. 508.)
ating expenses to earnings in 1883 was 47 80 per cent; in 1882 was
Atchison Colorado Sc Pacific.—Waterville, Kan., to Lenora, 5 3 46 per cent, and in 1381 was 63-87. The ratio during the ten years
The whole system of
Kan., 193 miles; Greenleaf, Kau., to Washington, Kan., 7 miles; Downs, from 1874 to 1883 inclusive was 54-17 per cent
Kan., to Bull City. Kau., 24 miles; Yuma, Kan., to Warwick, 31 miles ; operating and construction accounts in these years was uniform, except
total. 254 miles. The road forms an extension of the Union Pacific Cen¬ that in 1883 steel rail account was charged to operating instead of con¬
tral Branch, by which the bonds are guaranteed and the road is con¬ struction account, as in previous years. The marked decrease made in
Ashtabula Sc Pittsburg.—Owns from
bula Harbor, O., 62-6 miles.
Organized as
*
.
o
,/
•
~
°
Jr
I
I
Tu«,Carorao
/ ^nema
Elko
'&fjSrBhttte
f
(^ebaoja
~X
PAC
lfn° W
J>
o
/
/
fitt
■MfL
5aljey
l
fl
G
>
JSTOrt/i
I
s?
A.
c»'.
<t
Norfol
i^tvtanue
d
K
K>\A„ S
NEB
®1
'
^
-\V0®
Koiton^
'
ill
"ValenUne^
ON.
^v-
I
l^arKns.J/*
}>Uitte
I
no
1IV Cf
/£ !
drier
^\Y Cah'deiaria
M.
S»veraty/CT!3i->r^
*
u&l
^
M
O
K
l.
MineV-
Jgreen
(K^r
|
\t^ Ja
•
K
A
N
Riven
$
I
Frisco
J
\
\j>v
\
*p»*
\
%
\
^IIaw]ey
4*
e,~-
■>ygol»ve
18 5.|
V
*C \e\es
,X>'
SRTAOILCKD
v
-cd^S.
^
J^LaiVegas
San
%leuquer(lue
N k w| m e x i
Pueblo
AV
^ Us;
^
'■eD
Springsr«^^WSocorro
Springsu.,.
>
—T
_/a gT
^
,
lc o j
V
Wicjjita falls
S. A uW^f’ Carthage
,ra«R^ CXTxX
Grande'
R. *
j x-Se k k i
Ft.Bascom
[A. & P. Junctiu
^Va)
Canadian
'Hayes
Miguel
^
0iTS.
“^cV
pac
B>-X
iego
L.
^SAI
!#
o^<L„nB<!inardin0
f^CO^oU
4
\
Espanoi
A°
iv*
Pt,;C°nceptio)
5£urelta
\
vPanipa
«V
<*n\
St‘Thomaf30
\
Brazos
JffaimMarcial,
I"Plain
Albs
■
>sft
Staked
Selden
A
J?.
Sierra
°3ales
MAP OF THE
Blanca
E
.^Irnurl&
.V
AUSTIf
Carmen
Magdalena
Sta.Ana
ATCHISON, TOPEKA
X.
AND
San
\ Qu erobabi
,
Garbo
Antonio
Puerto
\
[CHI H\(J
SANTA FE It. R.
j
/
And Connections.
t
A
H
U
!C
/
Santa Rosalia
v
L.
O F
\
\chih)jahua
'X'
g
Indianola,
A
O A
H
XU/|/ L
Alain
A
M
E
X
I
CO
RAILROAD STOCKS AND
16
Subscribers will confer
note8
For explanation of column headings, &c., see
first page
of tables.
Atch. Top. dk S.Fe— (Continued.)—
Pueblo & Ark. Val., 1st (& 2d on 148 m.)..
Miles Date Size, or
of
of
par
Road. Bonds Value.
<D
]
134
fi
Kansas City Emporia & S., 1st mort
Cow. Sum. '& Ft. Scott, 1st mort
g
M rt
<D *
Marlon & McPherson, 1st mort
•\
£
Florence El Dorado & W., 1st M., gold
1
Leavenworth Topeka & S. W.—1st mort., Lj guar
N. Mexico & So. Pac.—1st M., gold, guar, rental
*
....
....
....
31
50
295
262
269
—
Sonora, 1st mort., gold, interest guaranteed ...
Atlanta dk Charlotte.—Stock (guar. 5 p. ct. by rental
265^
265^
New
pref. mort
Mortgage bonds
Income bonds, registered (not cumulative)
•
City of Portland (sinking fund
2d mortgage, sterling, 5-20 years
1st mort. to
•
•
•
87
Atlanta dk West Point—Stocx
Debenture certificates
AtlanticdkPac. —lstmort. g..W. D.(s.f.) $25,000p.m.
Income bds., non-cum’tive, ($18,750p.m.).
1st RR. & land grant bonds on Central Division
1st land grant bonds on Central Division..
New 1st mort., road and lands, Central Div
New income bonds, Central Division
Atlantic dk St. Lawrence—Stock ($5,459,036 stg.)
....
560
....
99
....
65
1878
1879
1879
$1,000
1,000
1880
....
150
150
53
60
80
1877
1877
1880
1,000
1,000
500
100
....
1881
1880
l,000&c
1880
1871
50 &c.
500 &c.
1882
....
....
*100
*100
100
1864
1871
....
1,000
1880
sults have been accomplished without materially increasing the obliga¬
tions of the company.”
*
*
*
“
The Atlantic & Pacific Railroad was completed to the Needles in Oc¬
tober. A connection was then and there made with the Southern Pacific
Railroad. This route between the East and San Francisco had, at the
close of the year, been opened for three months. Thus far, it has not
seoured that proportion
of
traffic which its merits demand,
and which it will eventually obtain. The Mexican Central Railway,
another important oonsection of this line, was nearly completed to the
City of Mexico at the close of the year; and, at the time of writing this
report, through connections have been established between that city and
the United Srates, promising an important addition to our through traffic.”
The gross earnings of the* Atchison Topeka & Sante Fe and Southern
Kan. systems for eleven months from Jan. 1 to Dec. 1, ’84, were $15,056,801, against $14,596,701 in 1883, and net, $7,211,411, against $7,980,890 in 1883.
Gross earnings for year 1884, $16,339,540, against
$15,909,440 in 1883.
A summary of the annual report for 1883 was published in the Chron¬
icle, V. 38, p. 453. Income, etc., for four years were as follows:
ROAD AND EQUIPMENT.
1880.
1881.
1882.
1883.
1,539
1,789
' 1,820
1,820
1880.
381,322
Pass, carr’d one mile. 53,385,797
Rate p. pass. p. mile.
3*347 cts.
1881.
501.863
1882.
725,926
Total oper’g expen’s
Net earnings
P. c. of op. ex. to tax.
81,274,171108,048,356
203,146
242,046
4,374,287
4,182,689
370,076
263,485
8,063,326
4,521,193
278,245
310,595
8,662,756
6,110,549
6,748,216
7,369,131
50*75
63*87
58*46
47*80
213,822
319,989
INCOME ACCOUNT.
1881.
1880.
$
4,182,689
Receipts—
Net earnings
Rentals, divid’ds, &c.
Bundry credits
From U. 8., &c
Total income
Disbursements—
Rentals paid
Interest
on
debt
Rate of dividmd..
Transf. to inc. aco’t..
Transf. to ins. fund..
Tr. to ren. <& imp. ac’t
Amts. pd. to other rds.
Reduo. val mat’s, &c.
Miscellaneous
120,148
229,837
4,302,837
$
4,751,020
864,273
774,740
866,663
1,841.021
734,527
Sinking funds
1882.
$
6,110,549
264.095
1,727,195
..
$
4,521,183
$
6
8*3
132,030
-
20,781
*611,295
1883.
$
7,369,131
261,623
147,194
....
...
7,006,720
7,777,948
$
824,859
1,122,346
$
888,830
1,348,711
3,414,567
3,324,793
6
170,525
6
193,003
486,394
250,000
500^000
42
('202
200^000
4,494
37,500
35,125
Tot. disbursements.
3.618,949
5,928 857
3,361<120
7,255,813
1,077.863
941,717
1,132,072
522,135
Balance, surplus
*
Suspended U. S. Government and pool earnings for 1880 and 1881
not previously credited to income account.
—(V. 38, p. 29, 86, 202, 293, 393, 423.441, 447, 453.479.508, 551,
$78, 705; V. 39, p. 32, 47, 96, 141, 157, 245, 263, 408, 492, 521, 240.;
4
7 g.
7 g.
2*0
7
7
6
3
6
6 g.
6
6
6
6
6
3
6
6 g.
6 g.
Where
Payable, and by Slocks—Last
J.
J.
A.
A.
A.
J.
A.
J.
M.
A.
J.
Whom.
Dividend.
& J. Boston, Nat.Bk.of N.Am
& J. Boston, North Nat. Bk.
&
&
&
&
&
&
&
&
&
A. &
J. &
J. &
J. &
A. &
M. &
O.
O.
do
do
do
do
0.
do
do
July 1, 1905
July 1, 1909
Oct. 1, 1909
Oct.
1, 1909
Aug. 1, 1907
J.
July 1, 1911
0. Boston, Everett Nat.Bk. April 1, 1909
•
J.
S.
O.
J.
0.
•
•
•
Boston.
N.Y. Central Trust Co.
do
'
do
do
do
do
do
Jan. 1, 1910
Sept. 6, 1884
April 1,1897
Jan. 1, 1907
April 1,1900
J. Atlanta, Ga., atTreas’y. Jan. 15, 1885
do
J.
do
1891
J. New York and Boston. July 1, 1910
O.
Oct. 1, 1910
N.
New York.
Nov. 1, 1891
At Mat.
do
Nov., 1901
do
March 1,1922
June 1, 1922
3ifl
M. &
J. &
M. &
M. &
A. &
M. &
J. &
6
6
J.
S.
D.
S.
N.
O.
N.
D.
London, Gr. Trunk Rw. Sept. 15,1884
Nov. 2, 1888
London, Gr. Trunk Rw.
do
do
Savannah.
N.Y., Mercantile Tr.Go.
'& "j. Phila.,F.Ins.Tr.&S. Dep.
Oct. 1, 1884
May 1, 1891
Dec. 4, 1884
Jan.
1, 1910
Atlanta Sc Charlotte Air Line.—(See Map Rich. dk Danv.)—Owns
from Charlotte, N. C., to Atlanta, Ga., 269 miles. The
Air-Line was sold under foreclosure Dec. 5, 1876,
Richm. & Atlanta
and the existing
corporation was formed February 27, 1877. On March 26, 1881, the
road was leased to the Richmond & Danville at a rental of $462,000
per year, equal to the interest on debt and 5 per cent on stock; if
earnings of A. & C. A. L. exceed $1,510,000, dividends to be 6
$2,500,000, 7 per cent. Gross earnings in
i882-83, $1,074,016; net, $397,174; rental, $466,500; loss to R. &D.
gross
per cent; and if they exceed
$69,325.
Atlanta Sc West Point.—Owns from East Point, Ga., to West
Point, Ga.. 81 miles; leased, 6*2 miles; total operated, 87*2 miles. In
April, 1881, a controlling interest in the stock was purchased for the
Central Georgia, and a stock dividend of 100 per cent was afterward
declared in debenture certificates. Gross earn’s in 1881-82, $430,010; net,
$175,494; in 1882-83, gross, $406 192; net, $154,810.
Atlantic Sc Pacific.— This corporation was chartered by Act
of Congress July 27, 1866. The Western division is from Isleta, near
Albuquerque, on Atchison Top. & Santa Fe, to Big Colorado River, 560
miles, where it meets the Southern Pacific. Opened for traffic Oct.,
1883. Also the Central Divison finished from Seneca, Mo., to Red Fork
in the Indian territory, 102 miles, and is projected westward to a junc¬
tion with the Western Division.
The Atoll. Topeka & Santa Fe and the St. Louis & 8an Franoisco
companies guaranteed 25 per cent of the gross earnings over their
respective lines on business to and from this road, one year after its
completion, provided its own earnings were insufficient to pay coupons,
and the advances so. made constituted a loan to be repaid by the A. & P.
with interest. The stock authorized is $100,000,000, and issued $51,-
510,300 (par $100), mostly owned oy the Atch. Top. & Santa Fe and the
St. Louis <fc 8an Francisco companies equally, aud held in trust for
those two companies. In June, 1883, a syndicate took $10,000,000 at
15, with an option on $10,000,000 more at 20. The stock is classed
thus: Western Div., com. stock, $31,750,000; Cent, and Mo. divs., com,
stock, $3,360,300, pref., $11,400,090. The old pref. stock has no pref¬
erence over the A. & P. West. Div. stock. See statement in V. 36, p. 588.)
The Southern Pacitic built east to meet this road at the Colorado River,
and in August, 1884, that 242 miles of road.from Mojave to The Needles,
on the Colorado River, was reported as sold or contracted in some
way
to the A. & P. Company for about $7,000,000, the terms of pay¬
The same negotiation gave a right by contraot to run
1883. through trains to San Francisco over the Southern and Central Pacific
790,644 lines on payment of rental either on a mileage basis or at 3 per cent per
106,029,301 annum on $40,000 per mile. (This as reported ) See V. 39, p. 208.
The land grant claimed under the old Atlantic & Pacific charter
2*921 cts.
1,754,385 of July, 1866, is 25,600 acres per mile in Territories and 12,800
520,751,467 acres in States. The total lana grant on the whole road, if con¬
3*655 cts.
3*390 cts.
Freight (tons) moved.
953,701
1,166,483
1,475,149
Freight car. one mile.267,355,044 396,416,863 460,608,539
2*431 cts.
2*283 cts.
2*288 cts.
1*992 cts.
Rate per ton per mile.
Earnings—
$
3,662,576
3,097,121
2,970,608
1.786.901
Passenger
9,051,623 10,537,201 10,374,012
Freight
6.499,981
573,528
562,278
646,214
Mail, express, &c
270.094
Tot. gross earnings.
8,556,976 12,584,509 14,773,305 14,117,347
i
$
$
$
Operating ExpensesMaJnt. of way, &o
1,450,172
3,434,930
8,240,372
1,959,312
Maint. of equipment.
547,629
950,985
1,357,6 43
1,015,713
Trans, expenses
3,043,850
3,475.90 L
3,209,381
1,931,294
Miscellaneous
Taxes
384,000
•
7 g.
7
7
7 g.
7 g.
When
Pay’ble
ment not stated.
OPERATIONS AND FISCAL RESULTS.
Operations—
Pass’gers carried, No.
'
50 &c.
*100
Nearly two millions of dollars have been spent in the
operated.
8,2*2,000
1,189,905
796,629
312,000
78,000
5,484,000
787,000
1,499,916
712,932
733,700
420,000
l,000&c
construction of new branch lines and over a million and a half of dollars
In substanti:il improvements upon the old roads. These aud other re¬
Total miles
1,232,200
13,128.000
....
....
nearly every class of expenses is due mainly to two causes: 1. A more
compact, and, therefore, more economical organization for the operation
Of the road, under which nearly every class of expenses for conducting
traffic was reduced. This was rendered possible from the fact that the
construction of extensions had been practically completed. 2. The large
expenditures upon the property in the years 18S1 and 1882, the causes
for which were fully explained in the annual report for the year 1881,
pages 5, 6 and 7, whereby the property was placed in excellent condi¬
tion, rendered it possible, as was indicated in that report, to adopt for
1883 a fair average expenditure for repairs and renewals of roadway,
bridges, buildings, cars and locomotives.”
*
*
*
“
The year has b jen a prosperous one. The road has been fully main¬
tained at low cost and improvements made in many important particu¬
lars. Additional steps of substantial character have been taken towards
strengthening and advancing the line, as one of the important Western
systems.
4,425,000
4,050,000
1,700,000
500,000
4,250,000
750,000
1,232,200
100
....
Rate per
Cent.
690.000
1,000
1,000
1882
....
Outstanding
,
1,000
1,000
Bonds—Princi
pal,When Due
INTEREST OR DIVIDENDS.
Amount
$1,942,000
532,000
798,000
713,000
310,000
1,000
1,000
1879
1877
1882
1878
151
do
3d
do
do
Augusta dk Savannah—Stock
Austin dk Northwestern (Tex.)—1st mort
Bald Eagle Valley—Gen’l mort.,(s. f. $4,000 per yr.;
railroad
[Vol, XL.
great favor by giving Immediate notice of any error discovered In these Tables.
a
DESCRIPTION.
on
BONDS.
structed as under the -charter, would be 42,000.000 acres. The pro¬
ceeds of sales of the company’s lands are to bo lodged with the trustee
under the mortgage, and are applicable to the purchase and cancella¬
tion of the first mortgage bonds whenever they can be obtained by
The bonds
drawn or paid before maturity. They
public advertisement at not exceeding 110 and interest.
are
not subject, otherwise, to bo
receivable at par in payment
for lands. A map of the land grant
published in the Chr >niclb, V. 36, p. 468.
The fiscal year ends December 31.
The annual report for 1882
was published at some length in the Chronicle, V. 36, p. 588, but no
are
was
report for 1883 was issued.
The Central Division is at present operated by the St. Louis &
San
Francisco Railway Co.
The financial plan of Jan. 9,1882, provided for a new mortgage upon
the entire property of the Central Division, not exceeding $25,000 per
mile of road. Interest upon these bonds was guaranteed by a traffic con¬
tract with the St. Louis & San Francisco Railway Co. and the Atchison
Topeka & Sapta Fe RR. Co. These new bonds were to be used as
follows: 1st.—To i^itire the outstanding issue of old bonds of the Central
Division, by exchange or purchase. 2u.—'To provide means for the con¬
struction of the Central Division from Yinita, Indian Territory, west¬
ward. Ninety-nine miles of this division having been completed, the
company is entitled to issue $2,475,000 of these bonds.
Officers of the oompany: H. C. Nutt, President, Boston; E.
F. Win¬
slow, Vice-President, New York; C. S. Tuckerman, Secretary and Treas¬
urer, Boston.
(V. 38, p. 29, 455, 594; V. 39, p. 21, 70, 127, 208, 263,
349, 381; V. 40, p. 27, 84.)
Atlantic Sc St. Lawrence.—Owns from Portland, Me., to
Island
Pond, Vt. (and branch), 151 miles, there connecting with Grand Trunk
of Canada, to which leased for 999 years, August 5,1853, at a rental
equal to bond interest and 6 per cent on stock. The bonds to city of
Portland are now provided for by accummulations of sinking fund.
The Grand Trunk RR. owns the 1st and 2d mortgage
earnings in 1883-84, $1,067,432; net,
$175,411.
bonds. Gross
Gross in 1882-83,
$1,017,284; net. $156,072Augusta Sc Savannah.—Owns from Millen to Augusta, Ga., 53 m.
Leased to Central of Ga. for $73,000 per annum. Has no bonded debt.
Austin Sc Northwestern.—Line of road, Austin, Tex., to Burnet,
Tex. 60 miles. Opened Jan. 1,1882.
Has a land grant of 600,000
acres.
Stock, $600,000.
J. A. Rhomberg, President, was appointed
receiver Oct., 1883.
Bald
Eagle Valley.—Owns from-Vail Station, Pa., to Lookhaven,
Pa., 51 miles; branch, Milesburg, Pa., to Bellefonte, Pa., 2^ miles
RAILROAD
February, 1885. J
Subscribers will confer a great favor
DESCRIPTION.
For
1,650
....
....
.
.
.
....
411
421
(payable $40,000y’ly)
Loan,ster.,(8.f.£7,500) (B.O. &Ch.bds collat’l)
Purchase of Connellsv. RR
Bonds (Parkersburg Branch bonds collateral)....
Northwestern Virginia, 3d mortgage, 1855-85 ...
Bonds to State of Maryland
^Sterling mortgage on Philadelphia Branch
Mort. on Pittsb. & Connellsville Branch, gold
Baltimore dt Potomac—1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent
2d mortgage, income, road and tunnel, reg
Belleville <6 El Dorado— Is t(int. guar. St.L.A.& T.H.)
2d mortgage
Belleville <& South. Ill—IstM. (int. & s.f. guar.)
Bells Oap. —1st mortgage
Extension 1st mortgage
Consol, mort. (for $o50,000)
Btlvidere Del.—1st mort. due 1877, extended, guar.
mortgage bonds of 1854 (guar, by C. & A.)
3d mortgage bonds of 1857 (
do
do )
Consol, mortgage of 1876
2d
Bennington & Rutland—1st mortgage
Berkshire—Stock.
Boston dk
.
....
Sterling mortgage, sinking fund
Albany—Stock
Plain bonds, coupon or registered
Loan of 1875, coupon or registered
17
BONDS.
....
263
104
....
150
lha
89
90
52
52
56
....
....
...
64
64
64
67
59
22
374
....
....
....
1853
1870
1855
1872
1874
1875
1877
1879
1855
1878
1883
1884
1871
1871
1875
....
....
£100
£200
£200
1,000
....
£200
1,000
1,000
1,000
1,000
1880
1880
1866
1873
1875
1883
1877
1854
1857
1876
1877
....
....
1872
1875
....
1,000
....
....
....
1,000
500
500
1,000
1,000
100
100
1,000
1,000
earnings, and in 1884 was $204,283; paid interest, $23,487. and
In IVb., 1885, 5 per cent paid. Stock
is $935,000 (par $50), and dividends are paid according to earnings.
Baltimore Sc Ohio—(-See Map).—Line of Road—The B.& O. system
embraces roads in Md., Va., Penn.. Ohio, Ind. and Ill., which are clearly
shown in the accompanying map. By means of the id arietta & Cin¬
cinnati, via Parkersburg, the road has a direct route to Cincinnati.
The B. & O. mileage is: Balt, to Wheeling (main) 379 miles; Branches—
To Locust Point 5, Camdeu cut-off 1, Junction to Frederick City 3, Point
of Rocks to Washington 43. Curtis Bay Branch. 5 miles, Washington, Pa.,
to Pittsburg, Pa. (narrow guage), 38 miles, Bridges 3; total owned, 47e;
branches leased—Hyattsville to Shepherd,
Md., 13, Winchester to
Harper’s Ferry 32, Winchester to Strasburg 19, Strasburg to Harri¬
sonburg 50; total branches leased, 114; total B.&O. main and branches
553: leased, controlled and operated—Relay House to Washington 31,
Grafton to Parkersb’g, W. Va., 104, Wheeling to Washington, Pa., 32,
Pittsburg to Cumberland,Md., 150, Berlin Branch RR 9, Mineral Point
to Johnstown 46, Weavert’n to Hagerstown, Md., 24, Harrisonburg to
Staunton 26, Broadford to Mt. Pleasant, Pa., 10. Connellsville to Uniontown, Pa., 14, Bellaire to Columbus, O., 137, Sandusky to Newark, O.,
116, Pittsburg So. RR., 53, Newark, O., to Shawnee, O., 44, Chicago Junc¬
tion, O., to Illinois Junction, Ill., 263; total leased, &o., 1,059; total
operated, 1,650 miles. The B. & O. is constructing a lateral road from
near Baltimore northward to be known as the Philadelphia branch.
It
will connect with the Balt. & Phila. Railroad now being built through
the State of Delaware, by way of Wilmington,.and so on to Philadelphia.
Organization, Leases, &c.—The corporation was chartered in Mary¬
land Feb. 28,18^7, and in Virginia March 8, 1827. First section opened
dividends (10 per cent), $85,005.
Amount
Outstanding
Rate per
Cent.
$100 $14,792,566
100
5,000,000
Snowshoe to Sugar Camp, 26*3 miles; total operated. 80 miles. Opened
December 7,1864, and leased to Pennsylvania Railroad Company lor 99
years.
The branch is the property of the lessors. Rental, 40 per cent
of gross
these Tables.
Bonds—PrincD
INTEREST OR DIVIDENDS.
Date
Size, or
of
Par
Road. Bonds Value.
fund
AND
by giving immediate notice of any error discovered in
Miles
of
explanation of column headings, &c., see notes
on first page of tables.
Baltimore <6 Ohio—Stock
Preferred stock.
Loan due in 1880, extended
Loan, 1853
do
1870 .sterling, £800,000, sink,
Baltimore loan, 1855-’90, sink, fund
Sterling mortgage, sinking fund
STOCKS
577.500
18-342:
1,710,000
2.092,588
2,575,000
7,427.012
8,432,096
600,000
7,434.240
3,000,000
140,000
366.000
11,616,000
10,000,000
1,500,000
3,000,000
2,000,000
220,000
330,000
1,053,000
250,000
100,000
209,000
1,000,000
499,500
745,000
1,200,000
475,000
600,000
20,000,000
5,000,000
2,000,000
The gross
5
3
4
6
6 g6
6 g.
0 g-
6
5 g.
6
6
6
4*2 g.
5 g6 g.
6 g6
7
6
8
7
6
6
6
6
6
7
7
1*
2
7
6
When
Where
Whom.
Payable
M. &
J. &
J. &
A. &
M. &
J. &
M. &
M. &
J. &
J. &
A. &
J. &
J. &
A. &
o
pal.When Due.
Payable, and by Stocks—Last
Dividend.
N.
Baltimore, Office. •
do
do
J.
do
do
J.
do
do
O.
S. Lond’n.BaringBros &Co
J.
Baltimore, Office.
8. London, J.S.Morgan&Co
N. London, LS.Morgan&Co
Baltimore, Office.
J.
D. Lond., Baring Bros.&Co.
O. Balt. & N.Y., D. M & Co.
J. Balt., Balt. &0. RR. Co.
do
do
J.
O. London, Brown, 8. & Co.
.
1, 1884
Jan., 1885
At will.
Nov.
1885
Mar. 1, 1895
1890
Mch. 1, 1902
May, 1910
1886-1900
June 1, 1927
April 1,1919
1885 ^
July 1, 1888
April 1, 1933
1924
m
J. & J, London or Baltimore.
do
do
A. & O.
Baltimore.
J. & J.
J. & J. N. Y. St. L.A.&T. H. RR.
do
do
F. & A.
A. & O. N.Y. St. L.A.&T. H. RR.
J. & J. Phil,Cassatt,Town.&Co.
do
F. & A.
July 1, 1911
April 1, 1911
Jan.
1.
1915
July, 1, 1910
Aug. 1, 1920
Oct.
1, 1896
July 1, 1893
Aug. 1, 1905
April 1, 1911
J.
M.
F.
J.
M.
&
&
&
&
&
D. Philadelphia, Pa. RR.
do
do
8.
do
do
A.
J. Treasurer, Trenton, N. J.
N. N.Y., Union Trust Co.
Q.-J. 8tockbridge, Treasurer.
Boston, Ottioe.
Q. -J.
F. & A.
J. & J.
do
do
1902
1885
1887
Jan. 1,
Nov. 1,
Jan. 1.
Dec. 31,
Feb. 1,
1916
1897
1885
1884
1892
July 1, 1895
and net earnings of the main stem and its branches and of
the other divisions, for the last
were as follows
*
fiscal year, as compared with 1882-83,
-—Earnings, 1882-83—, /—Earnings, 1883-84.—.
Gfross
Gross.
Net.
$11,579,839 $5,432,183 $11,506,958 $5,237,742
335,944
180,331
Washington Branch...
346,^05
222,247
141,723
643,164
Parkersburg Branch..
738,527
260,061
376,638
1,169,773
Central Ohio Division.
387,788
1,103.838
261,700
1,016,508
291.781
Lake Erie Division...;
9.49,128
2.046,880
488,988
Chicago Division
1,878,167
573.503
2,294,827 1,042,132
Pittsburg Division
2,813,172 1,478.274
141,896
13,621
Wheeling Pitts. & Balt.
72,090
32,020
112,125
16,668
Pittsburg Southern....
43,787
8,450
757
168,532
164,781
19,511
New’k Somerset & St’le
Main stem, etc
Totals
$19,739,837 $8,705,823 $19,436,607 $7,760,300
The aggregate working expenses of the Main Stem, with all branches
and divisions, were 60 07 per cent of the whole gross revenue in 1883-4,
against 55*89 per cent the preceding year. Results of operating all lines
owned and controlled for the five years 1879-84 :
Years.
Gross Earnings.
Operating Expenses.
Net Earnings.
1880-81
$18,463,877
$11,390,479=61*69 p. c.
$7,073,398
10,929,213=59*44 “
7,454,662
11,034,014=55*89 “
8,705,823
19,739,837
11,676,307=6007 “
7,760,300
19,436,607
-(V. 38, p. 114; V. 39, p. 209, 568,579,681,682, 732; V. 40, p. 181.)
Baltimore Sc Potomac.—Owns rrorn Baltimore. Md., to South
End Long Bridge, Va., 43 miles; and from Bowie to Pope’s Creek, 49
miles ; total, 92 miles—including tunnel in City of Baltimore. The road
is controlled by the Pennsylvania Railroad Co., and first mortgage bonds
guaranteed by Pennsylvania and Northern Central. Capital stock,
$3,553,250, Gross earnings in 1883, $1,156,419; net, $347,128; profit
over interest, &e., $73,282.
In 1882 gross earnings, $1,097,008; profit,
$33,833. Income bonds wholly held by Penn. RR. Co.
Belleville Sc El Dorado.—An extension of Belleville & So. Illinois
18.383,875
The company was assisted by loans from the City of
and leased roads
complex, but the B. & O. virtually owns nearly all of these east of
the Ohio River, and the total charges for rentals and guarantees are
moderate. In 1884 the stocks and bonds of allied companies held were from Du
Quoin to El Dorado, 52 miles, and leased to St. L. Alton & Terre
$21,786,600 (of which $7,711,000 were held by trustees). The company Haute. Rental 30 per cent of gross earnings up to $2,500 per mile, and
has been exceptional in not increasing its own stock or bonds for new 15
per cent on all above that amount. Rental received for 1882,
properties acquired, and had a stuplus to credit of income account $22,206; 1883, $15,678. Stock, $1,000,000.
Sept. 30,1884, of $47,703,796. Fiscal year ends Sept. 30.
Belleville & Southern Illinois.—Owns from Belleville, Ill., to
Stocks and Bonds—The pref. stock carries 6 per cent dividends only.
The common stock has paid-in 1877, 8 per cent; in 1878, 8 in stock; m Duquoin, Ill., 56 miles. It was leased Oct. 1,1866, to the St. Louis Alton &
1879, 4 stock and 4 cash; 1880, 9; 1881,10; 1882, 10; 1883,10 ; 1884, Terre Haute Railroad Co. Leaso rental 40 per cent of gross earnings
10. The range in prices of common stock in Baltimore in 1881 was up to $7,000 per mile (except on coal, &c.), 30 per cent above $7,000 and
183®210; in 1882, 1903 202; in 1883,192^3-205; in 1884, 1673)199; up to i >14,000 per mile, and 20 per cent on any excess of $14,000 per mile.
Rentalfor 1881, $146,662; for 1882, $167,990; for 1883, $167,719. In¬
in 1885 to Feb. 20 167® 175.
1879 on Parkersburg terest on bonds, and sinking fund $5,000 per year, guaranteed by lessees.
The Baltimore
& Ohio direct bonds of
Branch are secured by deposit of mortgage on that road. The sterling Common stock, $430,000; pref. 8 per cent stock, $1,275,000, non-cumulative. Dividends on preferred stock past four years have been—5*9
mortgage of 1883 is made to William F. Burns, John Gregg and T. Har¬
rison Garrett, trustees. The bonds of 1877, due 1927, are secured by in 1884; 6H May, 1883; 5^ in 1882; 4^ in 1881.
the mortgage bonds of the B. O. & Chic, roads deposited as collateral.
Bells Oap.—Bells Mills, Pa., toCoalport, Pa., 24 miles. Gross earn¬
Operations, Finances, &c.—The fiscal year ends with Sept. 30, and ings in 1883, $110,255 ; not, $53,370; other receipts. $40,080; Interest
for 1883-84 an abstract of the report was given in the Chronicle, Vol. paid, $25,550; surplus, $67,900. Jan., 1883, scrip dividend of 15 per
39, page 579. The reports do not contain a complete statement show¬ cent was declared on stock ($350,000). Of the consol, mort. $350,000
ing the earnings of all the lines on freight, passenger and other busi¬ is reserved to retire prior issues. Stock wa9. increased in 1883 to
ness separately.
The income account of the B. & O. RR. Co. showed a $550,000. Charles F. Berwind, President, Philadelphia.
balance of $1,940,316 for the year 1883-84, after paying all charges and
Belvidere Delaware.—Owns from Trenton, N. J., to Manunka
10 per cent dividends on its stock, which balance added to that of
Chunk, N. J., 67 miles; Millham Cut-off, 1 mile, Flemington RR., 12
prior years made the total surplus account $47,703,796 The income miles; total operated, 80 miles. Leased to United Companies, and trans¬
account for the year endiug Sept. 30,11884, was as follows:
ferred to Pennsylvania RR. March 7,1876, by which operated as their
Net earnings from transportation...... j
$5,237,741 Belvidere Division, and net earnings paid over as rental; but the first,
Receipts rroin other souroea—
seoond and third bonds are guaranteed.
1883 net earnings were
Dividend of 10 p. c. for year on Wash. Br. stock... $102,800
$568,259, and interest payments $268,950. In 1882, net $506,455;
House Tents received during fiscal year... ^
20,679
Increment from sinking fund, W. (3. & P. L. RR....
5,865— 129,344 interest, $263,022. Capital stock, $993,950.
Bennington Sc Butland.—Owns from Rutland to Bennington,
Available revenue
$5,367,086 Vt.,
57 miles; branch, No. Bennington to New York State Line, 2 miles:
Payments— .
'•'*
total, 59 miles.
Chartered as West. Vermont in 1845, and consolidated
Dividends 10 per cent
$1,478,385
in Harlem Extension in 1870. Since Sept. 10,1877, the Vermont division
taxes
Interest and
$3,692,621
(as above) operated by the reorganized Bennington & Rutland. Stock
Less cash rec’pts & net earn’gs of B. & i
$1,000,000 authorized (par $50), and $502,000 issued, and bonds $475,O.&C.RR andL Erie and C.O.divs... 2,018,328—1,674,292
000. In 1883 gross earnings $235,916; net $43.593; in 1884, gross
34,028
Ground rents
..1
i
$210,621; net, $4,724. 2 per cent dividend paid Dec., 1883.
$27,000
Rental of Winchester & Potomac RR.
Berkshire,—Owns from Connecticut State Line to West Stock5,229
Do
Winchester & Strasburg RR
bridge, Mass., 22 miles. Leased in perpetuity to Housatonic Railroad
89,250
Do
Strasburg & Harrisonb.RR.
Company at 7 per ct. on capital stock, $600,000. Lessors pay taxes, &c.,
157,479
36,000
Do
W.City & Pt. Lookout RR..
and for this reason the quarterly dividend due in Oct. is usually omitted.
Straitsville Division, loss
49,’802-3,426,770 Boston Sc Albany.—Owns from Boston, Mass., to Albany, N. Y.,
Central Ohio Division loss
miles; Springfield to Athol, 49 miles; numerous branches, 99 miles ;
Balance, credited to profit and loss
$1,940,316 201
leased lines, 84 miles; total operated, 384 miles. The Boston &
An abstract of tbe last annual report is given in the Chronicle, Vol.
Albany was formed (Dec., 1867) by the consolidation of the Boston
39, p. 579, and contains the following remarks: The aggregate of coal &
Worcester aud the Western railroads. The five per cent bonds ot 1882
and coke transported, including all divisions, was 6,392,675 tons, show¬
were issued to the State of Massachusetts in exchange for 24,115 shares
ing an increase for the year of 715,838 tons, and an increase compared of B. & A. stock held by the State, and in September, 1883, a stock divi¬
with 188-' of 745,659 tons, with 1881 ot 1,853,048 tons and with 1880
dend of 10 per cent was made to stockholders. lu 1881 and 1882 the
of 2.003,819 tons.
loss in net receipts was partly owing to tne fierce competition between
The
the trunk lines, which reduced the rates on through traffic. Last annual
each
report in V. 39, p. 493. Gross earnings lor three months. Oct. 1 to Deo.
393
397; 1881, 2.014,110; 1882, 2,043,227; 1SS3, 2,108,325; in 1883 4. 31, in 1*84, $2,015,*259; net, $72*,039; same time in lo»3, gross,
$2,142,152; net, $GSJ,27G. Operations for four years were as ioliown
2.275,252 tons.
May 24, 1830.
Baltimore.
The relations with the auxiliary branches
are
.
.
1IRUARY,
RAILROAD
1885.]
Subscribers will confer
a
AND
Date Size, or
of
of
Par
Road. Bonds Value.
Apiount
180-423. 180-32.4
18-324 180-432.
first page
of tables.
Boston <& Albany—(Continued)—
Bonds issued to State for its stock
Boston Barre <£ Gardner — 1st mortgage
2d mortgage
3d mortgage (convertible into stock)
Boston Concord- dk Montreal—Old preferred stock...
Com. and new pf. stock (new pf. stock is $540,400)
Sinking fund bonds
1882
38^
....
....
Bosl.Hoosac Tun.dkWest.—,Debenture bonds
Boston dk Lowell—Stock
160
166
140
..J.
....
Bonds
....
Bonds
Bonds
Lowell A Lawr., bonds.
Salem A Lowell, bonds
Boston dc Maine—Stock
Bonds, coupon and registered
....
....
1881
1858
1873
1881
1883
$....
1875
1876
1879
1883
206
1873-4
1885
54
50
68
registered
Bradford, bordell dk Kinzua—1st mortgage
Bradford Eldred dk Cuba— 1st mort
41
54
Brooklyn Elevated
(for $1.5<>0,<'00)
Brooklyn dk Montauk—Stock ($1,100,000 is pref.)
t
2d mortgage
..
"82
South Side, 1st mortgage
New mort. ($1,000,000), guar, by L. I. RR., gold.
54
85
....
....
100
100
100 Ac.
200 Ac.
800,000
1,000,000
624,000
1,945,400
500,000
2,090,000
3,792,000
999,500
500,000
750,000
620,000
250,000
1,000
1,000
500
....
•
•
•
■
•
•
•
•
•
•
•
•
....
226,900
7,000,000
3,500.000
600,000
2,975,5u0
100
500 Ac.
100
1880
....
1873
1882
1881
1884
1»85
1867
1881
1,000
500.000
100
4,000,000
1,000
1,000
500,000
390.000
500,000
1,000
3,500,000
Too
(?)
2,000,000
....
500 Ac.
750,000
1,000
250.000
Passenger Freight (ton)
Gross
Net
Div.
Mileage.
Mileage.
Receipts.
Receipts.* p. ct.
135,421,102 417,103,612 $7,875,285 $2,186,873
8
151,255,032 374,317,338
7,790,372
2,189,381
8
157,255,971 373,535,456
8,539,875
2,380,971
8
167.402,441 374,347,455
8,148,713
2,362,836
8
*
Net receipts include income from rents, &c.
-(V, 38, p. 301, 595; V. 39, p. 182, 493, 241.)
Miles.
373
369
369
384
Boston Barre Sc Gardner.—^Owns from Worcester to
Winchendon,
Mass., 37 miles. Stock, $875,277. Interest has been reduced to 5 per
cent. Gross receipts in 18-3-84, $181,906; net $26,466; interest charge.
$40,386: deficit, $13,920, but large expenses for construction charged
in operating expenses.
Boston Concord Sc Montreal.—Owns from Concord, N. H., tc
Woodsville, N. H., 93 miles; branches—Woodsville, N. H., to Groveton
Junction, 53 miles; Wing Road to Mt. Washington, 20 miles; leased
Plymouth to No. Woodstock, 21 miles; total operated, 186 miles. An
extension ofthe White Mountain Railroad from Littleton to Groveton
Junction is mortgaged.
1884, leased to Boston & Lowell.
See V. 38, p. 705.
Of the sink, fund bonds due in 1889, there are outstanding in the hands
of other parties, $202,000, on which interest is paid; the trustees holding
$306,000 and the corporation holding $116,000 on which no int. is paid.
Annual report for 1883-4 published in the Chronicle, V. 38, p. 678.
Fiscal year ends March 31. The earnings, expenses and available
revenue for four years have been as follows:
Years.
Miles.
Gross Earn’gs.
Avail.RevExpenses.
167
1883-84
$797,556
$586,172
$211,383
167
902,906
669,157
233,745
167
920,195
697,651
222,544
186
940,491
675,936
264,555
-(V. 38, p. 202, 678, 705, 731.)
In June,
$3,858,000
390,000
186,300
57,300
lOOAc.
....
1872
Outstanding
200,000
Improvement bonds
Boston dk N. r. Air-Line^-Stock, pref. (guaranteed)
1st mortgage
Boston dk Providence—Stock
Bonds to purchase branches, coupon or
....
186
....
Bonds
Bonds
....
186
....
Consolidated mortgage bonds (for $2,000,000)....
Improvement mortgage bonds
Years.
19
Bonds —Princi¬
INTEREST OR DIVIDENDS.
Miles
explanation of column headings, Ac., see notes
on
BONDS
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
Rate per
Cent.
When
Payable
Where
pal .When Due.
Payable, and by
Whom.
Mocks—Last
Dividend.
!
:
!
5
5 A 7
3
6
3
A. A O.
Boston. Office.
A. A O. Worcester, City Nat.
do
do
do
J. A J.
do
M. A n:
Boston, Office.
6
6 A 7
6
5
3
7
7
6
5
J.
A.
J.
M.
J.
A.
M.
J.
J.
M.
A.
A.
M.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A.
F.
M.
J.
J.
J.
A.
A
A
A
A
A
A
4*2
6
6
4
7
4
2
5
4
7
6
6
6
3-5
7
6 g.
Bk.
....
J.
O.
J.
S.
J.
O.
S.
J.
J.
N.
O.
0.
N.
J.
Boston, Office.
do
do
do
do
N. Y., Kountze Bros.
Boston, at Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
April
April
July
July
1, 1902
1, 1893
1, 1895
1, 1895
Nov. 15, 1884
1889
1893
1911
1913
Jan. 1,
1885
April 1, 1892
March 1,1895
July 1, 1896
July 1, 1899
1903
.
Boston, at Office.
do
do
Oct.
1,
1897
Oct. 1, 1898
Nov. 15,1884
Jan.,1893 A 94
1905
O. N.Y., N.Y. N. H A H. Co.
do
do1
A.
N.
Boston, at Office.
do
do
J.
D. N. Y., Marine Nat. Bk.
J.
New York.
A O.
do
M. A 8. N.Y., Corbin
M. A S.
do
Bank’g Co.
do
Nov. 1. 1884
1905
Nov. 1, 1884
July 1, 1893
June 1, 1932
Jan. 1, 1932
Oct. 1, 1894
1915
Mar. 1, 1887
Mar. 1, 1911
the Boston & Lowell assuming their bonds, which canuot be paid off
before maturity. A loint business was formerly doue between the Bos¬
ton A Lowell and the Concord RR., but from February, 1883, they have
been under separate managements.
In June, 1884, a lease of the North, of New Hamp. and the Bost. Con.
A Montreal railroads was voted on the terms stated in V. 38, p. 705, and
control of those roads was then assumed; but suits were commenced by
some of the stockholders to have the leases annulled.
In Jan., 1885,
purchase of an interest in Manchester A Kewfe RR. was voted and
$500,0 0 bonds authorized for the purpose. The company had notes
outstanding Sept. 30 amounting to $737,oOO. Earnings, etc , have been
as
follows:
Net
Payments
Receipts.
Rentals. Int. A rnisc. Div.,p.o
$584,269 $133,690
4
$298,057
2,085,622
675,345
345,105
4**
154,808
2.128,761
735,302
128,613
358.509
5**
403,490
2,864,127
941,463
323,406
5*9
-(V. 38, p. 678, 705, 731; V. 39, p. 71, 202, 732; V. 40, p. 60.)
Gross
Miles. Receipts.
140
$1,872,656
•Years.
,
Boston Sc Maine.—Owns from Boston, Mass., to Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Ballardvillo, 10 miles: Bradford to Newburyport and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. H., to Alton Bay, N. H., 29 miles; total operated, 206 miles, less 3
miles leased. In March, 1883, voted to lease the Eastern RR. of Massa¬
chusetts, but after litigation the lease was held to be invalid and a new
one was made in December, 1884, on the basis stated under title of
the Eastern road. The vear ends Sept. 30. The last annual report was
in V. 39, p. 653; earnings, Ac., were as follows :
Gross
Expenses
Div.
Net
Years.
Receipts.
A Taxes.
Receipts.
Divdends.
p.o.
L.... $2,687,516
$1,662,657
$1,024,860
$560,000
8
2,850,731
1,929,>858
920,873
560,000
8
2,991,429
2,070,759
920,669
560,000
8
3,001,803
985,454
560,000
8
2,016,349
—(V. 38, p. 509; V. 39, p. 522, 580, 652, 653 ; V. 40, p. 27, 213.)
...
Boston Hoosac Tunnel Sc Western.—Owns from Massachu
setts 8tate Line to Rotterdam (junction of N. Y. West Shore A Buffalo
RR.), N. Y., 60 miles, aud leases branches to Saratoga and to Schuylerville. N.Y., 26 miles; total, 86 miles.
The road connects with the line
running through the Hoosac Tunnel. In March, 1883, all property
ana rights west of Hoffman’s
Ferry (10 miles west of Schenectady)
were reported as sold to the N. Y. West Shore A Buffalo for $400,000
cash aud $700,000 stock of theN. Y. W. S. A B.
In July, 1884, the
State of Massachusetts purchased a clear title to the Troy A Greenfield
RR. for $300,000.
The work of construction was done under contract by the Continental
Construction & Improvement Co. (120 Broadway. New York), and a circular dated Aug. 4, 1883, issued by that company, after referring to the
past history of the company
aud its litigation, contained the following:
The decision attirms the validity and legality of the corporation as consoli¬
dated under articles of agreement dated April 19, ’80, known as the Bos.
Hoosac Tun. A W. Ry. Co. A new contract has been made by which the
Construction Co. agrees to complete the railroad to a junction with the
New York West Shore & Buffalo Railway, at Rotterdam, N. Y., a point
about 22*2 miles southwest of Meehanicsville, N. Y.; and in partial set¬
tlement of indebtedness due and recognized by the decree, the Construc¬
tion Company become possessed of $2,00d,u00 debenture bonds of said
Boston Hoosac Tunnel A Western Railway Co. and $6,000,000 stock as
Boston Sc New York Air Line.—Owns from New Haven,
to
Conn.,
Willimantic, Conn., 50 miles; leased, Turnerville to Colchester, 4
miles; total operated, 54 miles. Formerly the New Haven Middletown
A Willimantic. A lease was made in Oct., 1882, to the N. Y.N.H.A Hartf.
RR. for 99 years at 4 per cent dividends per year on the pref. stock and
interest on the bonds; the common stock is $833,100.
Boston Sc Providence.—Owns from Boston, Mass., to Providence,
R. I., 44 miles; branches,20 miles; leased, Attleborough to North Attle¬
borough. 4 miles; total operated, 68 miles. The company have valuable
depot properties in Boston. Notes outstanding September, 1884. were
$360,000.
In January, 1884, voted to improve terminals in Providence
and issue $600,000 b.mds or notes >ih required,
issued. Annual report in V. 39, p. 580.
none were
Net Traffic
Divi-
dends.
$1,419,313
Earnings.
$395,403
1,584,839
1,669,134
1,727,147
352,330
345,579
352,153
Gross
Years.
1880-81
LS81-82
L882-83
1883-84
but in 1884
Earnings.
8
8
8
8
—(V. 38. p. 147; V. 39, p. 552, 580.1
Bradford Bordell Sc Klnzua—(3-foot gauge)—Mileage from
It is also proposed to exchange the
stock of this company upon which 85 per cent has been paid for full Bradford, Pa., to Simpson, Pa., 15 miles; Kinzua Junction to Bordell,
paid certificates of such stock upon the basis of 85 shares full paid stock 3Jmiles; Rew City to Eldred, 12 miles; Simpson to Smethport, 11 miles ;
for 100 shores upon which 85 per cent, has been paid. This exchange is total, 41 miles. Stock is $500,000, par of shares, $100. Gross earnings
in 1882, $96,133; net, $18,445. John J. Carter, Titusville. Pa., Pres’t.
not compulsory.
The Construction Co. offers for sale to its stockholders
who have paid up 85 per cent, the $2,000,000 5 per cent debenture bonds
Bradford JEldred Sc Cuba.—Owns from Eldred, Pa., to Bolivar
of the Boston Hoosac Tunnel & Western Railway Co. and $4,000,0u0 and Wollsville, N. Y., and branch to Richburg, and Cuba to Little
stock represented by certificates of trustees; and the terms of sale are Genesee, 54 miles. Stock, $480,009. There are also 2d mortgage bonds
as follows: Each stockholder of record on August 10 is entitled to sub¬
for $60,000, 6s, due 1885.
Foreclosure suit begun in February, 1885.
scribe upon every 50 shares held, to a block consisting of $1,000 5 per Gross earriiugs in 1882-83, $91,527; net, $14,497; interest, $36,719.
cent debenture bond and $2,000 stock, at a fixed price of $650 for such R. G. Taylor, President.
(V. 40, p. 213.)
block. The debenture bonds are redeemable at will prior to maturity
Brooklyn Elevated.—This is the Brooklyn Elevated Railroad
and may be converted into mortgage bonds if any are hereafter issued.
organize l Occ.,T884, as successor to the Brooklyn Elev. Railway, sold in
In Sept., 1884, some negotiations with the Troy A Boston road took foreclosure
May 12, 1884. Tue authorize! capital is $5,000,000. aud a
place in regard to traffic wnicli have not been made public. The direc¬ second
mortgage for $1,500,000 was to be made before July 1,1885.
tors aud officers of the company 1884-85 are as follows: Daniel B.
The structure has been carried on towards completion by the new organ
Hatch, Wm. H. Hollister, John P. Kennedy, Rudolph Keppler, Augustus zation. (V. 38, p. 59,.114, 594.)
Kountze,. David James King, Cyrus J. Lawrence, Robert B. Minturn,
Brooklyn Sc Montank.—Brooklyn to Eastport, L. I., 71 miles;
Henry L. Morrill, Robert M. Morse, Jr., James O. Sheldon, Francis S oith, branches
to Fresh Pond Junction, 2 miles; to Rockaway, 9 miles;
Chas. F. Tag; Officers—Augustus Kountze, President; John.P. Kennedy.
This was first the South Side Railroad of Long
Vice-President. For year ending Sept. 30,1883, gross earnings were total, 82 miles.
Island, which was foreclosed Sept. 16, 1874, and reorganized as the
$368,235; deficit, $20,687. For three months ending Dec 31, 1884, Southern
of Long Island. On June 3,1879, the property was again sold
In foreclosure of the second mortgage, and this company organized.
00. (V. 38, p.were
229, 620; V. 40, p. 241.)
The preferred stock has a preference of 7 per cent, not cumulative. It
Boston Sc Lowell.—Owns from Boston to Lowell, 27 m.; branches— is leased to the Long Island Railroad for 50 years at 25 per cent of the
Salem A Lowell, 17 miles; Lowell A Lawrence, 12 miles; others, 19 net earnings of the whole Long Island RR. system, including its leased
miles; Middlesex Cent, and branch, 12 miles; leased—Nashua A Lowell, Hues. No rental has been reported as paid, the lessee claiming to
15 miles; Stony Brook RR., 13 miles; Wilton RR., 15 miles; Peter¬ have expended all the income on iiujffoveinents. The uew mortgage
borough Railroad, 10 miles; Manchester A Keene RR., 29 miles; Nashua for $1,090,000 was t'> take up the first, and balance issued lor extension
Acton A Host. RR.. 21 miles; total leased, 115 miles; total operated, 190 to Moriches; it is guaranteed by L. I. RR. as to interest on $750,000,
miles. The Lowell A Lawrence aud Salem A Lowell railroads were pur¬ aud both principal ami interest on the 8 ;50,000.
A. Corbin, Presi¬
chased aud consolidated in 1879, and the Middlesex central iu 1883, dent, Daniel Lord. Secretary New York O'ty.
represented by trustees’ certificates.
fross earnings
$132,420; def., $10.111; interest and taxes, $29,-
.
great favor by
Subscribers will confer a
DESCRIPTION.
For
explanation of column
on
first page
Miles
of
headings, &c., see notes
of tables.
Buff.Brad.dk Pitts— Gen.M.,(incL
Buffalo New York <& Erie—Stock
171
26
142
140
669
669
121
10,000 ac.I’d)....
First mortgage
Buffalo N. I. & Philadelphia—Stock,
Siock, preferred
1st mortgage, gold
common
Titusv. RR.)..
Consol, mort. (Pitts. T. & B.)
Buffalo <t Southwestern.—Stock (one-half
l^t mortgage bonds, gold
Burlington 0. Rapids dt Northern—Stock
of it pref.)
1st mortgage —
Iowa City & Western,
Ced. Rap.
1st mortgage, gold, guar..
I-F.& N.W., 1st M., g., guar.,red.aft.’90
do
1st M., gold, guar
Consol. 1st mort. & collat. trust, gold,
California Pacific—1st mortgage,
gold
coup. & reg.
Central Pacific
($1,000,000 are 3 p. c.) .
California. South— Old IstM. (to be income bonds).
New mortgage ($10,000 per mile)
Camden dk Atlantic—Stock ($880,650 of it pref.)....
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1879
2d mortgage, endorsed by
3d mort., guar, by C. P.
Consol, mortgage
•
•
•
•
....
1876
.
.
.
.
100
580,000
950,000
1,000
2,380,000
1,000
All.
1,000
274
1881
1865
1862
1870
1876
1,000
1,000
1,000
78
78
(thirty years)
p.
....
1,500,000
1876
100
100 &c.
6,500,000
l,000&c
1,000
1,000
233.)
1,000
3,101,000
50
1,258,050
Pittsburg.—Owns from Carrollton, N. Y.
Completed in 1866, and leased to New
499 years. Rental, 7 per cent on out¬
standing bonds, $40,600 a year. Capital stock, $2,286,400.
Buffalo New iork Sc Erie.—Owns from Buffalo, N. Y., to Cor¬
ning, N. Y., 142 miles. Leased in 1863 to the New York & Erie for
400years, and now operated by the N. Y. Lake Erie & West. Co. Rental,
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza¬
tion expenses. Dividends and interest paid directly by the lessees.
Buffalo New York Sc Philadelphia.—(See Map)—A consolida¬
& Philadelphia, the Buffalo Pitts
Olean & Salamanaea, Mileage as
follows: Buffalo Division— Buffalo, N. Y.. to Emporium, Pa., 121 miles,
Larabees. P.i., to Clermont, Pa., 22; Pittsburg Division—Buffalo, N. Y.,
to Oil City, Pa., 13S; Titusville, Pa., to Pioneer. Pa., 9; May ville, N. Y.,
to Chautauqua, N. Y., 3% Oil City to New Castle, Pa., 182; Rochester
Division—Rochester, N. Y., to Hinsdale, N. Y., 99 ; Tryonville to Union
City, 16 miles; Olean, N. Y , to Bradford, Pa.. 26; Bradford, Pa., to
Kinzua, Pa., 23 ; Eldred to Tarport, 18 miles; Gene^see Valley Ter. RR.,
2 miles; total operated, 663 miles, of which 40 miles are leased. The
Swain’s Br., owned by B. N. Y. & P., is leased to L. & P. RR.
In the consolidation the capital stock of the new company was made
equal to the sum of the capitals of the several companies, the now comEany
olders
also
assuming
commonall
and
thepreferr*
liabilities
d stock
of of thecompany
Buffalo N. Y. & Phila¬
of the
delphia Ry. Co. and the Olean & Salamanca RR. Co. received 20 per
cent additional stock in kind, which was paid out of the stock then in the
treasury of the Buffalo Pittsburg & Western RR, Co. The stockholders
of the Buffalo Pittsburg & Western RR. Co. and of the Oil City & Chicago
RR. Co. (other than the Buffalo Pittsburg & Western RR. Co.) receive
share for share. The Buffalo Pittsburg & Western RR. Co. received share
for share for all the stock of the Oil City & Chicago RR. Co. remaining
in their treasury after deducting the 20 per cent paid to the stockholders
of the Buffalo New York & Phila. Ry. Co. and the Olean & Sal. RR. Co.
The consol, mort. is for $11,000,000, of which $4,000,000 is reserved
for prior liens, and it covers 205 miles of new road and the old 121 miles,
and 16,000 acres of coal lands owned by the Buffalo Coal Co. The trust
bonds due in 1923 are secured by $500,000 first mort. bonds of the
Genessee Valley Terminal Co., $700,000 of the first mort. bonds of the
Olean & Salamanca RR., $1,600,000 first mort. bonds of the Oil City &
Chicago RR. and $300,000 mort. bonds of the No. West. Coal & Iron Co.
The general mortgage issued in 1884 is for an authorized amount of
$25,000,000, of which $21,300,000 is reserved to redeem the previous
mortgages, (see V. 37, p. 508.)
In 1884 the earnings proved insufficient to meet interest, and a propo¬
sition to bondholders was made, substantially as follows: “ Interest on
the following classes of bonds must of necessity be paid in full, in order
to preserve The property Intact, inasmuch as the lines of road covered by
them are earning interest, viz.: First mortgage bonds Buffalo N Y. &
Phila. Railway Co.; second mortgage bonds Buffalo N. Y. & Phila. Rail¬
way Co.; first mortg. bonds Warren & Franklin Railway Co. As to the
coupons on the remainder of the bonds, after careful consideration of
the whole subject, it has b< en thought advisable to submit the following
proposition to you for your approval,, viz- That, bestinning with coupons
due Aug. 1,1884, the holders of each class of bonds will take for the
coupons maturing at stated periods, for three full years, three per cent
in cash and the balance in non-interest-bearing scrip, convertible into
income bonds wheu the same are presented in sums of $500. at the
offices of the company, either in New York City or Philadelphia, said
income bonds to run twenty years and bear interest at the rate of six
per cent pnr annum when earned, and to be a lien upon the. earnings of
the company prior to the preferred or common stock/’
The annual report for the year ending Sept. 30, ’84, was in the Chron¬
icle, V. 40, p. 59. and oontaiued the following income account, as com¬
merged. The
pared with the previous year:
Gross
1882-83.
2,603,618
888,859
earnings
Net earnings....
id inte:rest
Rentals ant
99,510
Total net income
Disbursements—
Buffalo Pittsburg & Western
Interest on debt
Other interest
Dividends
Total
Balance
disbursements
;
V. 40, p.
104,271
1,131,745
7
396,000
1,632,016
def. 643,647
332, 358, 447; V. 39, p. ;110,
RR
113,
59,150,.213.)
—(V. 38, p. 29,87,
707
988,369
;
do
Q.-M.
g.
do
do
do
do
do
do
do
do
Dec. 26,1883
July 1, 1896
Deo. 1, 1908
July 1, 1921
May, 1, 1923
Mch. 1. 1924
April 1,
Feb. 1,
Apr. 1,
July 2,
Feb.
Oct.
3 & 6
6
7
& D.
on
pref.
7 g.
6
6
N. Y. L.
1921
1896
1912
1890
1, 1896
1, 1884
July 1, 1908
Erie & W. RR.
Y., Central Trust Co. June 1. 1906
Sept. 1, 1909
do
do
Oct. 1, 1920
do
do
N.
Oct.
do
do
do
do
1, 1921
April 1, 1934
N.Y.,Eugene Kelly & Co Jan. 1, 1887
N. Y., Nat’l Park Bank. Jan. 1, 1891
N.
Y.,Cent. Pacific RR.
Boston.
Feb. a,
Camden, Co.’s Office.
& J. Phila., Farm.
do
A. & O.
do
J. & J.
J.
July, 1905
1, 1922
Jan
& M. B’k.
do
do
1884
Jan., 1893
Oct., 1, 1904
July 1. 1911
Southwestern.—Owns from Buffalo to Jamestown,
the Buffalo & Jamestown ; reorganized
1880, leased to New York Lake
per cent of gross earnings, but
interest on bonds guaranteed.
In January, 1885, the lessee made
default in payment under the lease, and suit was brought. (V. 40, p. 60.)
Burlington Cedar Rapids Sc Northern.—On Jan. 1, ’84, owned
from Burlington, Iowa, to Albert Lea, Minn, (including 11 miles leased),
252 miles; Branches—Linn, la., to Postville, la., 94 miles; Muscatine, la ,
to Riverside, la., 31 miles; Vinton, la., to Holland, la., 48 miles; Elmira,
la., to Montezuma, 83 miles; Clinton to Noel, 24 miles; leased. Holland
jto Worthington, Minn., 182 m.; total operated, 713 m. The former com¬
pany was organized as the Burlington Cedar Rapids & Minn., June 30,
1868. Defaulted Nov. 1, 1873. Property sola under forecloure June
Buffalo Sc
N. Y., 67 miles.
Formerly
in 1877 after foreclosure. In July,
Erie & Western for 99 vears—at 35
Sc
tion in Feb., 1883, of the Buffalo N. Y.
burg & West.. Oil City & Chicago and
g.
g.
J. & J.
M. & N.
M. & S.
A. & O.
F. & A.
A. & O.
J. & J.
F. & A.
do
do
do
do
do
do
do
do
do
do
do
& J.
g.
g.
Jan. 1, 1913
Jan. 1, 1896
Deo. 1, 1884
Dec. 1, 1916
Q.-M. Phila.orN.Y.,Co.’sOffice
J.
J. & D.
M. & S.
A. & O.
A. & O.
A. & O.
J. & J.
J. & J.
J. & J.
J. & J.
497,000
350,000
1,000
1.000
Whom.
J. N.Y. Office, 35 Wm. St.
J. N. Y. L. Erie & W. RR.
N. Y., Erie Railway.
D.
do
do
D.
5
7 g.
6 g.
5 g.
5 g7 g.
6 g-
490,000
1,000
to Gilesville, Pa., 26 miles.
York Lake Erie & Western for
each
2,250,000
1,600,000
3.000,000
&
<fe
&
&
Stocks—Last
Dividend.
Payable, and by
....
1,905,000
4,666,900
500
J.
J.
J.
J.
T.
584,000
825,000
1.000
Where
Payable
6 g.
5,500,000
1,000
1,000
Sc
Buffalo Bradford
573,000
500,000
866,000
943,666
500 &c.
100 &c.
When
1*3
6
7
6
6
6
6
7
6
7
7
1,500,000
1,000
1853
1854
1881
7
4,061,000
1877
1880
177, 1881
1884
All
1867
114
1871
114
1875
114
1832
132
3ifl
6,568,650
1884
1879
6
7
13,750,000
50
50
7,000,000
2,764,000
1,700,010
....
Cent.
$2,000,000
1,000
1,000
50
38
25
120
67
67
713
369
73
55
Rate per
5
$500&c.
Western.—From Brunswick to Albany, 171 miles,
This was formerly the Bruns¬
and 83 miles projected to Columbus, Ga.
wick & Albany, and the ’©resent company has $3,500,000 pref. stock,
and $1,500,000 common. Mr. Fred. Wolffe in New York and a syndi¬
cate in Frankfort were most heavily interested, aud in August, 1884, it
was reported
that a controlling interest was sold to H. B. Plant.
In 1883, gross,
Gross earnings in 1884, $308,098; net, $19,764.
$338,824; net, $107,974. J. D. Davis, President, Albany, Ga. (V. 39,
Brans wick
Outstanding
3,000,000
1,000,000
....
coup.) —
’82..
1st mort. (Un. &
do
do
Amount
Par
500 &c.
500 &c.
205
Consol, 1st mortgage, gold
Trust mort., gold (secured by collaterals)
General mortgage (for $24,500,000)
Buff. Pitts. & W., M. bds (for $7,500,000
1st mort. (W. & F. RR.)
do
do
1st M. (Oil Cr. RR.) renew’d,
1883
error discovered in tbese Tables.
of any
Bonds—Princi¬
INTEREST OR DIVIDENDS.
pal,^When Due
Size, or
1871
1878
1881
1882
121
2d mortgage
It
Date
of
Road. Bonds Value.
Western—1st mortg. (for $3,500,000).
Brunswick &
giving immediate notice
[Vol. XL.
BONDS.
RAILROAD STOCKS AND
90
purchasers.
road
bonds
redeem¬
reserved
bonds
Louis bonds.
additional bonds for exten¬
raised to $30,000,090.
$15,000
mile to build new road, and secured by first mortgage bonds on the
roads built, deposited with the trustee of this moitgage.
The new
roads building are the Cedar Rapids & Clinton, Chicago Decorah &
Minnesota, and the Cedar Rapids Iowa Falls & Northwestern, Minnesota
and Dakota Division.
The annual report for 1883 as published in the Chronicle, V.
38, p 570, said: “ The gradual increase of traffic from year to year has
necessitated a corresponding,increase in equipment; aud no provision
having bf en made to meet such contingency, the expense of additional
rolling stock of necessity had to be defrayed from net earnings.
Arrangements have beeu made to cover into the company’s treasury the
money expended in constructing the lines of road mentioned in former
reports upon which no incumbrances exist, by bonding such lines at
rates not in excess of that borne by other portions of the road.
In order to maintain the present staudard value of the company’s
system of railway, as measured by its earnings, and for the purpose of
procuring increase of traffic over, its lines, and protection against
encroachments of rival interests, the directors have determined to con¬
tinue the work of extensions to a limited amount during the present
year in accordance with the policy adopted by the oompauy at an early
day in its history, provision therefore having been already made and
the work commenced. The proposed changes in the company’s articles
of incorporation, as per notice thereof issued to stockholders, were
adopted at the stockholders’ adjourned meeting held at Cedar Rapids on
April 9.”
For 1884 gross earnings were $2,796,459, against $2,846,772 in
1883; net, $878,690, against $878,595 in 1883. Net income, &c., for
22,1876, and this company was formed by the
Bonds of the Cedar Rapids Iowa Falls & Northwestern
are en¬
dorsed (endorsement is on the bonds); the 6 per cent
are
able at 105 after Oct. 1,1890. Of the 5 per cents $825,000 are
to retire the 6 per cents.
The company guarantees the above
mentioned, and also guarantees $150,000 of Minneap. & St.
In April, 1884, for the purpose of issuing
sions, the limit of authorized capital stock was
The consolidated bonds arc dated April 1,1884. andissued at
per
“
three years was as
follows:
Receipts—
Net earnings
Other receipts
Total income
Disbursements—
debt
Construction and
Equipment
Interest on
improvement.
Other expenditures
Total disbursements
Balance.. *
-(V. 38, p. 229,
150,181,183.)
260, 331, 455,
„
.
1883.
1881.
1882.
$
632,185
59,190
$
917,001
78,057
$
895,378
48,596
691.376
995,058
943,974
1881.
1882.
$
$
424,562
198,270
280,459
13,583c
916,874
484,624
71,965 *
368,502 j
1883.
$
516,130
qa*
22,396
37,725
947,487
939,700
sur. 4,274
47,571
570 ; V. 39, p. 208, 296, 348 ; V. 40, p.
225,498
sur.
Vallejo, Cal., to Sacramento,
Calistoga, 35 miles; Doer’s to
operated, 113 miles. Consolidation
I Dec. 23,1869) of California Pac. and California Pacific Extension com¬
panies. Leased for 29 years, from July 1,1876, to Central Pac. Rental,
per annum, and three fourths of net earnings when in excess
1883-84. $600,000
of that amount.
Capital stock, $12,000,000. Extension bonds of
and incomes of $1,000,000 were in default, and the new
2,614,774 $3,500,000
bonds of 1875..guaranteed by Central Paciflo, were issued in place
526,933 thereof. R. P. Hammond, President, San Francisco.
42,300
California Southern.—'This road from National City, Cal., to
569,233 Colton and San Bernardino, Cal., 132 miles, was built by Boston capital¬
ists and opened September 12,1882, but had no through connections.
Stock, $3,300,000. Defaulted on 1st mortgage interest due July 1,1884.
In Oct. 1834, an arrangement was made with Atohison Topeka & Santa
1,275,935 Fe RR. Co., by which old first mortgage bonds were to be exchanged for
130,751 income bonds, and a new
mortgage of $10,000 per mile put on the whole
road, including a new section to be built to a connection with the Mo¬
jave Division of the Atlantic & Pacific. (V. 38, p. 479 ; V. 39, p. 3, 47,
1,406,686 49&, 521, 580, 732.)
def. 837,453 Camden Sc Atlantic.—Owns from Camden, N. J. to Absecom
127, 654, 681, Inlet, 60 miles; Penn. Ave. to South Atlantic, 6 miles; Pail. Marl. &
California Pacific.—Owns from South
Cal., 61 miles; branches—Adelaute to
Knight’s Landing, 19 miles: total
n
j.^.»
nu.
STOCKS
RAILROAD
22
BONDS.
AND
[VTOL._ XL.
Subscribers will confer a great favor by giving immediate notice of any error
DESCRIPTION.
For
explanation of column Leadings, &c., see notes
on iirst page of tables.
discovered in tbese Tables.
INTEREST OR DIVIDENDS.
M ilea Date
Size, or
of
Par
of
Road. Bonds Value.
Amount
Outstanding
Where Payable, and by
Whom.
Payable
Rate per
Binds—Princi
pal.When Due.
When
Cent.
Stocks—Last
Dividend.
.
Camden <£•
1867
31
404
404
4 >4
Burlington Co.—1st mortgage
Canada Southern—Stock
1st mort., interest guar, by N. Y. C. A Hud. Riv..
2d mortgage, coup, or reg
......
Canadian Pacific—Stock (guar. 3 p. c. div. till ’93). 1,730
Land mortgage bonds, gold (redeemable at 110)..
242
Carolina Central— 1st mortgage, gold, coup, or reg.
242
2d mort., gold, income, reg., not cumulative
158
3d mort., gold, income, reg., not cumulative
158
Carson & Colorado—1st mortgage
98
Gatawxssa—Common stock
•
•
•
«*
..
Central Iowa—1st mortgage. .7
Debt certificates, issued for overdue coupons....
1st mortgage, gold, Eastern Division
I1L Division, 1st mortgage ($16,000 p. m.)
**>
cm
m
93
34
14
61
100
m
m
»
n
100
730
620
__
1,000
l,000Ac
100
500 Ac.
1881
1881
1881
18*0
1881
«
98
98
Mortgage bonds
Cayuga dc Susqniehanna—Stock
Cedar Falls <t Minn—Be :is on 1st div., extended.
Bonds on 2d division, at
• ig fund
Central Branch 'hiion Paci fic—1st mort., gold
Funded interest bonds (coupons held in trust).
2d mortgage (Government subsidy)
Central R. R. <£• Bank, tia.—Stock
General mort. “tripartite” bonds, coup
Certificates of debt (for dividend)
Ocean Steamship Co., guar., 1st mortgage
100
1878
1883
*
New preferred stock
Old preferred stock
1st mortgage
$500Ac.
....
1,000
1,000
1,000
’
50
50
50
1882
1870
.
.
1864
1866
1866
1879
’66-7-8
500 Ac.
100
500 Ac.
500 Ac
50,000
1,377,000
1,6 .0,000
630,000
1,600,000
7,500,000
5,000,000
4,600,000
987,000
1,000
1,000
1,000
100
1872
1881
1,000
100
■
....
iso
1.24
95
1879
1880
1882
I8s2
500Ac.
500 Ac.
3,700,000
1,000
1,0 JO
1,515,000
1,520,000
5 g.
6 g.
6 g6
6
3*2
3*2
M. A N.
M. A N.
2*2
*
2,250,000
1,159,500
1,000,000
2,200,000
230,500
1,300,000
589,110
*
.
'
13.802,937
4,500,000
65.000,000
3,715.000
1,800,000
1,200,000
1,500,000
F. A A.
Phila.. Penn. RR. Co.
F. A A. N. Y., Grand Cen. Dep.
J. A J. N. Y.. Union Trust Co.
M. A S.
do
do
N. Y., 63 William St.
F. A A.
A. A O. Montreal, N.Y.orLondou
J. A J. N.Y., Farmers’L. & T.Co.
New York, Office.
J. A J.
A. A O.
do
do
J. A J.
%
6
2
5
5
$350,000
15,000,000
629,000
1897
Feb. 1, 1884
Jan. 1, 1908
Mar. 1, 1913
Feb. 17,1885
Oct. 1, 1931
April 1, 1920
July 1, 1915
July 1, 1910
Juiy, 1911
Philadelphia Co.’s office Nov. 18, 1884
do
Nov. 18, 1884
Phila., Phila.A Read.Co. Feb. 1, 1902
do
F. A A.
do
Feb. 1, 1900
6
7
•
J.
A.
J.
M.
M.
4*2
7
7
6
7 g6
3
7
6
6
7
7
<3 g.
6
•
•
A
A
A
A
A
J. A
J. A
J. A
J. A
J. A
A. A
A. A
A. A
•
J. New York, 44 South st. Jan. 1, 1885
O. N.Y., J. Ken. Tod A Co.
1885 to 1889
do
do
J.
Jan. 2, 1907
N. N. Y., 195 Broadway.
May 1, 1895
do
do
N.
May 1, 1895
U.S. Treas., at maturity. 1896,’97, ’98
D.
Dec
Savannah, Ga.
27, 1884
J. N.Y.,Nat. City Bk.ASav. Jan. 1, 1893
J.
1891
Savannah, Ga.
Now York.
J.
Jan. I, 1892
J. N.Y., Mercantile Tr. Co. July 15,1899
do
do
3 mos. notice.
O.
0. N.Y., Mercantile Tr. Co. April 1, 1912
do
do
0.
1912
1
Med. RR.; Haddontield to Medford, 12 miles; total operated, 78 miles.
Pref. stock, entitled to 7 per cent if earned, and to as high as paid to com.
if more than 7. On main line an l branches in 1882, gross earnings were
$550,405; net, $190,321; in 1883, gross, $558,871 net, $166,800. (V.
38, p. 293.)
Camden Sc Burlington County.—Owns from Camden, N. J.,
to Pemberton, N. J., 23 miles; branch, Burlington, N. J.f to Moimt
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad & Canal Company’s lines. Gross earnings in 1883,
$192,829; net, $89,547. Lease rental, $44,415, being 6 per cent on
stock and bonds, and $500 fop organization expenses. Capital stock
$381,925 and funded debt $350,000. Dividends in January and July.
Canada Southern.—Line of Road—Main line from International
Defaulted, and receiver placed in possession April 5, 1876.
Sold in fore¬
In 1881-82, gross earnings,
May 31, 1880, for $1,200,000.
$603,874; net, $72,812; in 1882-83, gross, $596,328; net, $168,471;
in 1883-84, $555,275; net, $64,298. Wilmington Bridge bonds, $200,000,
at 7 per cent, are guaranteed by this company and interest paid.
The
stock of $1,200,000 was placed for five years from Nov. 1, 1879, in the
hands of the reorganization committee.
Carson Sc Colorado.—(3 foot gauge.)—From Mound House Nev., to
Candelaria, Nev., 158 miles; Candelaria to Hawley, Cal., 143 miles;
total 301 miles completed to Sept., 1883. Road follows the valleys along
closure
eastern side of Sierra Nevada Mountains and may eventually join South¬
ern Pacific at Mojave. Stock, $6,000,000 authorized; $2,250,000 issued.
Gross earnings in 1882, $442,254; net, $246,104.
Gross in 1883,
$441,994; net, $196,308.
H. M. Yerington, President, Carson. Nev.
Catawlssa.—Owns from Tamanend, Pa., to Williamsport, Pa., 94
Bridge to Amherstburg, Ont., 229 miles; branch, St. Thomas, Ont., to
Courtright, Ont., 63 miles; Erie & Niagara, 31; Sarnia Chatham & Erie, miles; branch, Summit Station to Silver Brook, 4 miles; total operated,
7; Canada Southern Bridge & Ferry, 4; Toledo Canada Southern & 98 miles. Leased from Nov. 1, 1872, for 999 years to Philadelphia &
Detroit, 55, and Michigan Midland & Canada, 15; total of all lines Reading. Rental, 30 per cent of gross earnings and $8,00j a year for
operated, 404 miles, of which 105 miles are nominally owned by proprie¬ compauy expenses. Funded debt is also assumed by lessees. Seven per
cent is guaranteed on the preferred stocks.
tary comnanies under separate organizations.
Tiie Company, Alliances, Ac.—The corporation was chartered in
Cayuga Sc Susquehanna. — Owns from Owego, N. Y.. to Cayuga
Canada Feb. 28, 1868, and the main line opened Nov. 15,1873. Default Lake.
N.
34 miles. Leased in perpetuity to Del. Lack A Western at
was made, and a reorganization
forming the existing company was a rental ofY.,
$54,600 a year. Dividends on capital, 9 per cent per annum.
completed in 1878. Interest on the 1st mort. is guaranteed by the New —(V. 38,
p. 705.)
York Central Railroad Co. for 20 years; but the principal is not guar¬
anteed. In Nov.. 1882, a close contract was made with the Michigan
Central for 21 years from Jan. 1,1883, providing for the operation
of the Canada Southern by the Michigan Central, also for the placing of
the total earnings of both roads in a common treasury, out of which is to
be paid, first, the operating expenses of both roads; second, the fixed
Cedar Falls Sc Minnesota.—Owns from Waterloo, la., to Minn.
State Line, 76 miles. Leased to Dubuque A Sioux City for 40 years
from January 1, 1867, at $1,500 per mile as a minimum and a con¬
tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
and of 30 per cent or any excess over $7,500 per mile. The Dub. & S. C.
in the rate of two-tlib ds to the Michigan Central and one-third to the
Canada Southern; fourth, for the raising of $6,000,000 by a 2d mort.
on the Canada Southern to double-track its line, to build a bridge over
lessee of reiiewing. ‘ Capital stock, $1,586,500. A sink, fund of 1 p. ot.
per annum is provided, and some of the above bonds are in the sinking
fund. All operations and earnings are included in Illinois Central re¬
Niagara River, and for other extensions and improvements.
Income.—For the first half of 1884 the income accountwas in V, 38.
p. 763. See also (Viichigan Central.
The statement for Michigan Central
and Canada Southern m 1883 gave this company $6o8,333. out of which
a dividend of 4 per cent was paid. The income account of Canada So. for
ports.
charges of both; third, the division of the
remainder between the two,
c
the year was as
follows:
INCOME ACCOUNT.
earnings of both roads
Operating expenses and taxes
Percentage of earnings
Net earnings—
Gross
Interest and rentals
(69-28)
$4.30 »,uo
-
2.475,000
$I,825,uuO
Balance
Division as pT
$14,000,000
9,700.00c
traffic agreement, viz.;
Canada Southern Railway one-third
Appropriated as follows:
$608,333
Divid’nd—2p.c. Aug..’s3.$300,000; 2 p.c. Feb.,’84. $300,000
$600,000
—(V. 38, p. 378,751,763; V. 39, p. 721, 733 )
Canadian Pacific.—(See Map.)—This
company was incorpo¬
rated February 18, 1881, under a charter from the Dominion of
Canada. The company has an important contract in its charter, receiv¬
ing from the Government $25,00u,000 in cash as a subsidy, also 25.000,000 acres of land, all fit for settlement The Government also con¬
veyed to the company, free of all cost, 713 miles of road. The company
-
also acquired 449 miles of road and branches from Montroal west to Callendar for $5,423,333, which is a lien on 441 miles of those roads.
The whole road is to extend from Montreal to Port Moody on the
Pacific coast in Brit. Columbia, 2,892 miles, with branches and leased
lines of 1.065 miles, making a total of 3 956 miles in the whole system,
as per detailed statement in the Chkoniole, V. 39. p. 208.
In Nov., 1883, leases were ratified of the Credit Valley Ra ilway and
its leased lines, about 183 miles, and the Ontario & Quebec Railway, 200
miles, and 10 miles of the Atlantic & N. W. Railway, with bridge facili¬
ties at Montreal. The leased lines give a road from Montreal via Toronto
to St. Thomas on the Canada Southern.
Tne authorized stock is $100,000,000, and in Nov., 1883, the Domin¬
ion Government gave a guarantee of 3 per cent dividends per annum
for ten years on $65,00o,00() of the stock outstanding; and the remain¬
ing £3.»,000.000 of stock was deposited with the Government to be
withdrawn by the company as the completion of its road calls for it, and
issued then with the <-ame guarantee. In February, 1884, the Dominion
Government modified its agreements and loaned the compauy $22,500,0* 0, taking a lien upon the railroad and lauds of the company, sub¬
ject to the prior liens.
There was no mortgage on the road (except the lien above mentioned of
t5,423,333
on 441
bonds are on ofthethese
There
ana the $13,996,000
landsbands
only. (not
are
eposited with
themiles)
Government
draw¬
(carrying this road) is leased to Ill Central till 1887, witn option to the
The minimum rental is $113,370.
J. S. Kennedy, Pres’t.N. Y.
Central Branch Union Pacific.’—(See Map Mo. Poe.)—Owns from
Atchison, Kan., to Waterville, Kan., 100 miles; leased Atchison Col. &
Pac. 255 miles ; Atch. J. Co. & W , 33 miles; total operated, 38s miles.
The Un. Pac. Cent. Branch was formerly the Atchison & Pike’s Peak RR.,
and was one of the roads embraced in the act of Congress incorporating
the Union Pacific RR.
The stock is $1,000,000, of which the Union
Pacific holds about $900,000. The compauy received a Government
subsidy of $1,600,000. Default on interest was made May 1,1873, but
no foreclosure took place.
It is operated as a part of the Missouri Pacitio
system, under an arrangement with the Union Pacific. Fiscal year ends
Dec. 31. In 1882 gross earnings were$1,046, L19; net, $383,718. In 1883
gross earnings $1,517,707; net, $598,119; other income, $22,539; total
net income. $620,658 ; rentals paid, $287,375; interest on debt, $140,-
193; miscellaneous, $20,682; total, $448,749
38, p. 331, 358.)
Central of Georgia
;
surplus, $171,909.
(V.
.
,
(& Bank).-0\vns from Savannah, Ga., to
Atlanta, Ga.. 295 miles; branch, Gordon to Milledgeville, 17 miles;
leased -Augusta & Savannah, 53 miles; Eatoutou Branch Railroad,
22 miles; Southwestern Railroad and branches, 343 miles; total opera¬
ted, 730 miles; also takes net results of 170 miles more operated by
separate companies.
In January, 1880, purchased the former
Savannah & Memphis road—Opelika to Goodwater, 60 miles—for
$700,000.
In 1881 the control of the Port Royal & Aug.
was bought;
also a lease of the Georgia Railroad for 99 years was
taken in the interest of this company and the Louisville & Nashville,
which operate it on joint account. Oct 31, 1883, the whole system
and connections embraced 1,621 miles. The certificates of debt were
issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
tral Georgia and $32 per share to Southwestern. The compauy owns a
large interest in connecting lines and the Ocean Steamship Co. of
Savannah. This company and the Georgia Railroad Company are joint
owners of the Western Railroad of Alabama, purchased at foreclosure
sale in April, 1875. The “tri-partite” bonds are issued jointly by this
company, the Macon & Western and the Southwestern.
The annual report for the year ending August 31,1884, was in the
Chronicle, V. 39, p. 653. The income account was as follows :
Gross income
Expenses
Net income
Interest, rentals and dividends
*
1882-83.
1883-84.
$4,977,807
$4,659,082
2,950,115
2,851,455
$2,027,692
$1,80”’,627
1,848,491
*1,982,517
Surplus
$45,175
Def.. $40,864
in 1883-84, 6 per cent.
Dividend in 1882-83, 8 per cent;
—(V. 39, p. 653.)
Central Iowa.—Owns from Albia, la., to Norfehwood, la., 189
ing interest), ami there are outstanding less than $4,000,000, against
miles; Muchakinock Branch, 2 miles; Grinnell & Montezuma Branch,
which are deferred payments on lands sold amounting to $2,357,000.
The bonds are receivable for lands and may be drawn and paid off at T3 miles; Storey City Br., 35 miles; Newberg branch, 27 miles; Bol¬
Eastern Division
110. Gross ea’niugs in 1884, $5,750,521; net, $1,191,891. (v. 38, p. 59, in ond branch, 22 miles; total old road, 288 miles.
177, 423,508; V. 39, p. 127, 208, 381,553, 651,681; V. 40, p. 15o, 181, to Mississippi River, 124 miles, and Illinois Division to Peoria. 89 miles.
Total, 501 miles. Chat tered as Central RR. of Iowa and opened in 1871
240.)
Carolina Central.—Owns from Wilmington, N
lo Mielbv, N C., Defaulted and placed ih hands of a receiver in 1873. Reorganized unde,
242 miles. Formerly Wilmington Char. A Rutherford, chartered in present title June 18. 1879. after foreclosure sale, under first mortgagr
183b. Succeeded by existing company after foreclosure May 3, 1873. July 18, 1877. (V. 40, p. 240.)
*
mim
RAILROAD
24
Subscribers will confer a great favor
DESCRIPTION.
For
STOCKS
Date
of
explanation of column headings, <fcc., see notes
Road. Bonds
on first page of tables.
100
501
1882
1884
48
48
573
74
Central of New Jersey— Stock
Mortgage bonds
Bonds (convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)
Newark & New York. 1st mortgage
Am. Dock <fe ImD.Co. new M. bds., guar. C. of N. J.
Adiustment mort. (redeemable any time at par)..
Debenture bds., conv. into stock, Jan., ’85 to 1907
Central Ohio—Preferred and
1st
common
....
97
7
....
....
....
137
137
stock
mortgage bonds
Central Pacific—Stock
3,003
:
742
1st mort., gold, (2 sinking funds, $50,000 each)..
Califor. State aid, gold (s. fund, $50,000) extend.
lstm.B. Joaq’n Val. Br., gld (s.f. $50,000)
U. B. Loan, (2d lien on certain terms)
Western Pacific, 1st mort., gold, (s. f. $25,000)...
do
Government lien
Cal. & Oregon, 1st M., gold, guar., (8. f. $100,000)
Cent. Pac., mortgage, on C. & 0. Branch
Ban Fran. O. & A., 1st M. (s. f. $100,000)
Land crant mortcratze bonds
Income bds.($6,00*0,000), skg.fd.,10 p.c.per ann’m
or
par
Amount
Outstanding
$1,000
$1,200,000
1.000
(?)
512,000
1869
1872
1874
1867
1881
1878
1883
1,000
1,000
1,000
500 &o.
1,000
100 &c.
1,000
50
....
1,000
100
1865-8
50
146
742
158
123
152
192
20 %
1864
1870
All.
1878
1,000
1,000
1,000
....
....
1869
1869
1868
1872
1870
1870
1,000
....
bonds
trust certificates
on car
....
1882.
$530,418
$533,233
$277,000
25,500
$424,607
$259,000
$302,500
$259,000
Total interest
1881.
$163,583
$230,733
$165,607
-(V. 38, p. 114. 447; V. 39, p. 209, 233, 324, 348, 381, 408, 434, 461,
493; V. 40, p. 92, 150.)
Balance over interest
....
Central of Massachusetts.—'This company was organized Jan
10, 1883, by the bondholders who purchased the Massachusetts Central
at foreclosure sale Sept. 1, 1883. Hoad completed from Boston to Jeffer¬
son, Mass., 48 miles, and proposed to extend to Northampton, 103^
miles. (V. 37, p. 202, 267, 321, 479, 533 ; V. 38, p. 293 ; V. 39,Jp* 209,
521.)
Central of New Jersey.—Owns from Jersey City, N. J., to Pliiilipsburg, N. J., 73 miles; branches, 30 miles; leased and operated,
in New Jersey, 269 miles, and in Pennsylvania, 201 miles; total
operated, 573 miles. The principal leased lines in Pennsylvania are
the Lehigh & Susquehanna and the Lehigh & Lacxawanna, with
their branches, &c. Under the lease of 1883 to Philadelphia & Reading
the minimum rental of Lehigh & Susquehanna is $1,414,400 per year
and maximum $1,728,700 till 1888; then $1,885,800 till 1893, and
after that $2,043,000. In February, 1877, the property was placed in
the hands of a receiver. A majority of the Lehigh & Wilkesbarre Coal
Company's stook is held by Central of New Jersey, and of the
Coalinterest
arebonds
f11,500,000
& Wilkesbarre
bonds, after
$6,116,000
held
Central ofLehigh
New Jersey
and receive
all other
satisfied. The American Dock &
y
are
tuallv
owned
by
the
railroad
8 g.
1912
June 1,1924
Improvement Company is vir
and the right exists to
company,
purchase the bonds by lot at 110. The adjustment bonds are payable at
will. The 6 per cent convertible debenture bonds run positively till
1908, and were issued Oct., 1883, in exchange for the old income bonds
and overdue interest, and balance to pay floating debt and for better¬
ments, &c.
Q.—J.
J.
&
&
&
&
&
&
&
&
&
&
&
&
J.
g.
g.
g.
M.
M.
J.
M.
F.
J.
J.
A.
J.
g-
J.
g.
g-
J.
J.
J.
.
g.
.
.
.
&
&
&
A. &
M. &
J.
J.
N.
N.
J. Balt., at B. & 0. office.
do
8.
do
A. N. Y. & San Francisco.
J.
New York, Office.
do
J.
do
do
do
O.
J.
U. S. Treasury.
New York, Office.
J.
U. S. Treasury.
J.
New York, Office.
J. New York & London.
J. N. Y., Cent. Pac. Office.
O.
do
do
N.
N. Y. and San Fran.
Sept. 1, 1884
1890
Nov., 1902
July 1. 1899
1887
July 1, 1921
May 1. 1903
May 1, 1908
Jan. 31,1885
Sept., 1890
Feb. 1,1884
1895 to '98
July 1, 1888
Oot. 1, 1900
1895 to *98
July 1, 1899
1899 “
Jan. 1, 1888
Jan. 1,
1892
July 1, 1890
Oct.
1, 1890
May, ’84 to ’88
Central Pacific.—(See Hap of
Southern Pacific.)—Line of Road—
Ogden,Utah, 883 miles, and auxil¬
iary lines, 332; total, 1,215 miles: operated under lease or contract—
the So. Pac. in Cal., Ariz. and NewMex., 1.341; Cal. Pac.,115, and others,
332; total, 1,791 miles; total length of road operated and accounted for
Jan. 1,1884, 3,003 miles. The Galveston Harrisburg & San Antonio was
given up in February, 1883. In connection with the Union Pacific, the
Central Pacific forms a continuous line from San Francisco, Cal., to
Council Bluffs, la. (1,918 miles), and there connects with the lines east¬
ward.
The through route from Omaha to Sacramento was opened May
10, 1869. The Cal. & Oregon line is being extended nortuward to a
junction with Oregon & California at the State line, aud lacks about 100
miles of completion.
The Charter, Leases, &c.—This was a consolidation (August 22,
1870) of the Central Pacific (organized Oct. 8, 1864), California &
Oregon, San Francisco & Oakland, San Francisco & Alameda and San
Joaquin Valley railroadR. The act of Congress of July 1, 1862, granted
U. S. bond subsidies and lands to the Pacific railroads; the act of July,
1864, made the lien of the Government subject to that of the first mort¬
gage bonds, but authorized the Government to withhold one-half the
charges for transportation on its account, and also to receive 5 per cent
—Main line—San Francisco, Cal., to
of the net earnings;
the other one-half of
1883.
35,835
3.285,000
6,080,000
25,885,000
2,624,000
1,970,000
3,680,000
687,000
INCOME ACCOUNT.
F. & A.
M. & N.
5,375,000
500,000
New York, at office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Q-M.
1*3
5,000,000
5,454,000
5,000,000
3,000,000
2,500,000
59,275,500
25,883,000
1,000
1,000
1,000
1,000
eammgs until the coupon due April 1,1885.
In 1x84 there was litigation among parties interested in the company,
and in October default was made in payment of interest; in Jan., 1885,
also, the coupons were partly purchased and it was proposed to convert
the divisional bonds into consol, mort. bonds, with one-half the interest
for two years to be funded, the other half payable in cash as it matures.
The fiscal year ends Dec. 31. The income account for 1S83, compared
with the preceding years is as follows :
on
g6 g.
600,000
6,000,000
By extensions since 1880 over 300 miles of track have been laid, and
Peoria, Ill., reached, and by the lower amount of bonds issued per mile
on the new road, the bonded debt is down to an average of $15,000 per
mile on the new and old lines together, and $1,000 per mile is the annual
interest charge, in lieu of $1,365 upon the old line alone ; arrangements
were made whereby the payment of interest upon bonds issued, on the
Peoria line denominated Illinois Division, until April 1, 1885, was
charged to construction account, and i herefore not a charge against net
Interest
A. & O. N. Y., Taintor & Holt.
New York, Agency.J. & D.
6
7
7
7
7
5
7
6
3
6
3
6
7
6
6
6
6
6
6
8
6
1,000
the three classes.
Interest
Cent.
3,393,900
18,563,200
5,000,000
4,400,000
15,000,000
100
....
$8,076,600 common; 1st preferred, $871,500, and 2d pre¬
First preferred has prior right to 7 per cent
(non-cumulative); then 2d preferred entitled to 7 per cent; any surplus,
after payment of 7 on common stock, to be divided pro rata between
....
When
Rate per
3,852^088
.
The stock is
earnings
;
Value.
ferred, $1,078,300.
Net
Bonds—Princi¬
pal, When Due.
Where payable, and by 81 ocks—Last
Whom.
Dividend.
Payable
INTEREST OR DIVIDENDS.
Size,
.
Cnmninn stock
[Vol. XL.
by giving immediate notice of any error discovered in these Tables.
Miles
of
Central Iowa—(Continued)—
1st mort. on branches ($12,000 per mile)
Consolidated mort., gold (for $6,748,000)
Hftv
Pi^rtificates
Central Wassa*hi/sp.tt^t—Preferred stock
BONDS
AND
the “Thurman” act of May 8, 1878, directed that
charges for Government transportation should be
withheld, and also that the company .should pay 1 260,000 yearly to
the Government for the sinking fund of its debt or as much thereof as
shall make the 5 per cent of net earnings, plus the whole transportation
account, equal 25 per cent of the whole net earnings for the year. The
leases are numerous and mostly for short dates, and the terms of each
in brief were stated in the Chronicle, V. 37, p. 47. The most import¬
ant leases, those of the Southern Pacific roads, expired on January 1 and
Nov. 1,1885, and, according to the last aunual report, were renewed for
another short term on substantially the same terms.
Stock and Bonds.—Prior to the current year the following dividends
were paid, viz.: In 1877, s per cent; 1880, 6 per cent ; 1881, 6; 1x82, 6 ;
1883. 6; in 1884, 3. Prices of stock since 1879 have been: In 1880,
63<z>971g; in 1881, 8010 0-10278; in 1882, 8238®»7ie; in 1883, 612>88; in
1884, 30® 673*
bonds
funds
;
in *885 to Feb. 20. 26La®351*.
Most of the issues of
have sinking funds, as seen in the table above, but these sinking
are invested mainly in the Southern Pacific RR. bonds, and accu¬
mulate; and the bonds are not called in.
The company’s sinking funds amounted Jan. 1, 1884, to $6,933,044,
of which about $6,301,000 was invested in the Southern Pacific bonds,
The land grant bonds are retired with proceeds of land sales.
The State Aid bonds fell due July 1, 1884, and $1,000,000 were paid
off, and the balanoe extended for four years.
The Land Grant.—The total land granted the Central Pacific and the
California & Oregon companies was about 12,000,000 acres, of which
1,411,477 acres had been sold to Dec. 31
1883, 379,787 acres were sold for $880,860.
$1,052,970.
1883, for $5,882,822 In
Land contracts on hand,
Lands yet unsold, 10,588,523 acres.
Operations, Finances, &c.—The Central Pacific Railroad has had a
strict monopoly of business in the territory occupied by it, and even
in 1883, when five eastern routes are open from the Mississippi River, the
Central Pacific still controls every approach to San Francisco. The
principal questions bearing upon the company’s present and future
status are in regard to the effect of the construction of new lines to Cali¬
fornia and Oregon; the Government requirements for sinking fund; and
the terms of lease of the So. Pac. road after 1885.
The dividend of August, 1884, was passed and the statement of
income for six months was in V. 39, p. 96, showing balance of surplus
On June 1, 1883, the road was leased for 99 years to the Pliila. & earnings of $200,060, but deficit of $452,000, after paving Government
and sinking fund oharges. A general balance sheet for June 30,1884,
Reading RR. Co. at 6 per cent on stock and interest on bonds. In the
fiscal year ending Nov. 30, 1884. the P. & R. Co., lessee, reported gross giving the assets and liabilities at that date, was in the Chronicle, V.
p. 493.
reoeipts on this road of $10,441,095; net receipts, $4,445,980; fixed 39,
The annual
oharges, $4,806,420; dividends paid under the lease, $1,113,792 ; de¬ of the fiscal report is not issued till about seven months after the close
year. From the preliminary statement for 1884 (in V. 40,
ficit to lessee, $1,474,231. On Feb. 1,1885, default was made in pay¬
p. 213) the following is compiled:
ment of 1st mortgage coupons.
INCOME ACCOUNT.
The following is a statement of earnings and expenses on all the lines
operated in 1882:
1883.
1882.
1884.
1881.
1882.
Total gross earnings
$25,662,757 $24,744,421 $22,163,000
Gross earnings
$
$
$
Receipts—
$10,927,593
$11,312,296
8.094,150
8,560,991
4,807,000
Operating expenses
6,152,795
6,221,225 Net earnings
Net
earnings
Interest, rentals, etc
Surplus
$4,774,798
4,172,143
$5,091,071.
4,493,794
$602,655
$597,276
285, 595, 738 ;
Interest on income bonds was not’charged. (V. 38, p.
V. 39, p. 545, 580, 606, 654, 674; V. 40, p. 119,181.)
Ohio.-Owns from Bellaire, Ohio, to Columbus, Ohio
137 miles. Chartered in 1847 and opened in 1854. Reorganized in
1865. Leased to the Baltimore & Ohio, for 20 years, Nov. 11, 1866;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dec. 1, 1926, with the option of renewing for terms of 20
years perpetually. In 1881-82 gross earnings. $987,401; net, $314,932;
rental, $315,590. Iul882-83 gross earnings $1,103,839; net, $3x7,788;
rental. $386,314. The road between Newark & Columbus (33 miles) is
Central
owned
jointly with the Pittsb. Cin. A St. Louis UR. Co.
Interest on sinking funds
Cash from land sales
Miscellaneous
Total income
Disbursements—
Interest on debt...;.
Dividends (6 per cent)
Land bonds redeemed and
U. 8. and sinking fund
....
281,260
711,000
20,485
335,125
7,236
373,000
472,000
249,000
9,573,736
$
3,443,413
9,010,511
$
3,546.591
5.901,000
$
3,880,000
3,556,530
3,556,530
2.538,680
2,334,006
574,000
paid
2,154,000
9,437.127
6.034,000
def 426.616
def. 133,000
$2,169,$: >8
Newcoiistruct’n.imp’viirt3,&o $1,549,106
-(V. 38, p. 479; 521, 5 40, 646; V. 39. p. 3,21, 47, 96, 156,157, 169, 181,
202, : 03, 324, 3*9, 421, 43 », 493, 565, 580, 093, 707; V. 40, p. 119,
141,213.)
Total disbursements
Balance,
9,538,623
sur.35,113
Subscribers will confer a
explanation of column
on
tables.
Charleston <& Savannah—1st M., 0. & S., guar
Funded int. bonds, S. & C. RR., guar, by S. Car...
mortgage, Savannah & Charleston RR
Charlotte Columbia <£ Augusta—1st mort. consol...
1st
2d Mortgage
Columbia & Augusta 1st
Consol, mortg., gold (for
Chartiers—1st mortgage
!
mortgage
$2,000,000)
gold, series “A’'
do
do
bonds...
“B”
in stock or cash)
1st mortgage, gold, Peninsula Extension
1st mort., gold, on extension (for $3,000,000)
Equipment trust bonds
Cites. Ohio & Southwest.—1st M., gold ($19,000 p. m.)
2d mortgage ($11,000 per mile)
Paducah & Elizabethan, 1st M. ($300,000 are 8s)
Equipment trust bonds for $2,000,000
.—
Cheshire—Stock, preferred
2d mortgage, cur. '(interest
Bonds, not mortgage
Chicago <&
Alton—Common stock
Preferred st’ck (7 p. c. y’rly
General mortgage, sterling,
not cumulative)
for £900,000
1st mortgage
Joliet & Chicago, 7 per cent, stock
St. Louis Jacksonville & Chic., 1st mortgage
do
do
1st M. endorsed by C.&
do
do
La. & Mo.,
do
do
do
do
2d M. endorsed by C.
2d mortgage
A.
<fc A.,
(convertible).
C. &AJ
1st M. ($139,100 assumed by
2d mort. (int. guar. C. &
guar.
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
101
....
101
191
191
....
Chesapeake dt O/uo—Purch. money funding
1st mortgage,
do
discovered In these Tables.
Bonds—Princi¬
INTERE8T OR DIVIDENDS.
headings, &c., see notes
first page of
Immediate notice of any error
great favor by giving
DESCRIPTION.
For
33
BONDS.
SI OCRS AND
RAILROAD
1885.]
February,
pref. stock....
A.)
23
428
503
428
428
75
....
....
353
353
186
....
64
....
850
850
322
220
38
150
37
37
150
101
101
1853
1868
1869
1869
1872
1865
$500
$505,000
111,800
500,000
2,000,000
500,000
1,000
-
^
1878
1878
1878
1881
1882
1,000
100 &o.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
....
3,479,500
4,379,850
2,383,000
1,500,000
2,365,000
1,000
1,000
1,000
1868
1868
1870
1877
1,000
564,000
188,000
1,000
1,000
1,000
100
organized. 8tock,
5)1,000,00
n 1881-82,
b $387,956;
Earnings indeficiency,
1880-1, $301,570;
$73,160. Gross in 1883, $406,316;
deficit, $7,526. H. B. Plant, President, New York.
Charlotte Columbia Sc Augusta.—(See Map Richm <£ Danv.)—
Owns from Charlotte, N. C., to Augusta, Ga., 191 miles. Leases Atl. Teuu.
& Q. RR., Charlotte to Statesville, 44 miles; Cheraw & Chester, 29 miles;
and Chester & Lenoir, 90 miles. The Charlotte Col. & Aug. was a cousoli
dation (July 9,1869) of the Charlotte & South Carolina and the Columbia
& Augusta. The road has been under the control and management of
the Richmond & Danville since 1878.
Gross earnings in 1883-81,
$627,854; net, $181,764; deficit after all interest and rentals, $74,684.
In 1882-83, gross earnings, $702,841; net, $279,073. Stock, $2,578,000.
deficit. $11,310. Earnings
—(V.38, p. 38? ; V,
Pa., to Washington, Pa., 23 m.
1871. Leased for 99 years
Cincinnati & St. Louis; the
1882, $120,022; net income.
Sold under foreclosure, and reorganized in
from January 1, 1872, to the Pittsburg
rental is net earnings. Gross earnings iu
$36,818; in 1883, gross earnings, $150,403; uet income, $52,449.
Capital stock, $647,850.
Chesapeake Sc Ohio.—OwnsfromNewport News, Va., to Big Sandy
River, W. Va., 504 miles; Newport News to Phoebus, 8 miles; coal
branches, 8 miles; total operated, 520 miles. Consolidation of Virginia
Central and Covington & Ohio, and opened through March 1,1873. The
present company was organized in July, 1878, as successor of the Ches
& O., which was sold under foreclosure April 2,1878. The Elizabeth
Lexington & Big Sandy Railroad connects on the west with the Chesa¬
peake Ohio & Southwestern, and the Kentucky Central
con
trolled in the same interest.
The stocks outstanding were as follows after Jan. 1, 1884; Common,
80O.000
14.034,700
100
....
10,122,500
2.000,000
500.000
1,000
1864
1864
15,000,000
421,000
2,100,000
100
100
1873
1862
2,350,000
2,000,000
2,124,400
’76-’78 500 &c.
....
Payable
42,000
900.000
6,070,000
100
....
Cent.
500,000
100 &c.
1882
When
(?)
1,000
1,000
1,000
Var.
1881
1881
1877
Rate per
189,500
♦
1883
1871
1878
Charles¬
4 miles;
This was
1866 under
Sold in
40, p. 27.)
Chartiers.—Owns from Mansfield,
Outstanding
100 &c.
500
500 &c.
Charleston Sc Savannah.—Owns irom Savannah, Oa., to
Junction, 8. C., 104 miles; operates—Ashley River branches,
Charleston Junction to Charleston, 7 miles; total, 115 miles.
first the Charleston & Savannah Railroad; reorganized in
name of Savauuah & Charleston, and opened March, 1870.
foreclosure June 7, 1880. and present company
ton
Amount
66,000
1,785,000
300,000
329,100
pal,When Due.
Whom.
& S. Charleston, 1st Nat. Bk.
New York.
& 8.
do
& J.
& J. N. Y., Nat. Park Bank.
do
do
A. <fc 0.
do
do
J. & J.
New York Agency.
g. J. & J.
A. & O. Philadelphia, Penn R.R.
g- J. & J. N. Y., Company’s office.
do
do
g. A. & O.
do
do
g. M. & N.
do
do
J. & J.
do
do
g. A. & O.
do
do
g. J. & D.
do
do
Various
6
F. & A. N. Y., 52 Exch’ge Place.
5-6
do
do
F. & A.
6
do
do
F. & A.
6-8
do
do
J. & J.
6
J. & J.
Keene, N. H., Office.
1^
J. & J. Boston, Bost. Nat. Bk.
6
2
Q. -M. N. Y., JohnPaton &Co.
do
do
2
Q.-M.
6 g. J. & J. Lond’n,J.S.Morgan&Co.
J. & J. N. Y., John Paton & Co.
7
N. Y. U. S. Trust Co.
Q.—J.
A.. & 0. N. Y., John Paton &Co.
7
do
do
A. & O.
7
do
do
J. & J.
7
do
do
J. & J.
7
do
do
F. & A.
7
do
do
M. & N.
7
do
do
F.-& A.
3^2
M.
M.
J.
J.
6
7
7
7
7
7
6
7
6
6
6
6
6
6
Stocks—Last
Dividend.
Payable, and by
Where
1877
Sept. 1, 1899
March 1,
Jan. 1. 1889
Jan. 1, 1895
Jan. 1, 1910
Jan. 1, 1890
July 1, 1933
Oot. 1, 1901
July 1, 1898
July 1, 1908
July 1, 1908
July 1, 1918
Jan. 1, 1911
June 1, 1922
Various.
Feb. 1,
Feb. 1,
Feb. 1.
1911
1911
1897
Yearly to 1892
Jan. 10, 1885
July 1,’96&’98
Mch. 2,1885
Mch. 2, 1885
July 1, 1903
Jan.. 1893
Jan., 1885
April, 1894
April 1. 1894
July, 1898
July, 1898
Aug., 1900
Nov. 1, 1900
Feb. 1, 188
City to Mexico, 162 miles. Total
Dec. 31,1884, 850 miles.
5
Organization, Leases, Stocks and Bonds.—Chartered as the Chi
& Miss., Feb. 27, 1847; reorganized under act of Jan. 21,1857, a8
Chic. Alton St. & Louis, and under act of Feb. 16, 1861, the present
corporation succeeded to the property, which was sold under fore¬
closure in the following year and transferred to new organization In
Chicago and St. Louis were connected by the present
October, 1862.
line in 1864. The annual meeting is held the first Monday in April.
The Joliet & Chicago is leased from January 1, 1864, for the
Rental, 7
term of its charter, and forms part of the main line.
per oent on stock.
The St. Louis Jacksonville & Chicago was
leased iu perpetuity from April 30, 1868, at a rental equal to 40 per
cent of gross earnings until the amount reached $700,000, with a mini¬
mum of $240,000 a year, and the company in 1884 was merged with
Chicago A Alton and its stock exchanged for C. & A. stock. (See V. 38,
p. 455.) The Louisiana & Missouri River RR. is leased for 1,000 years
from August 1,1870. Rental, 35 per cent of gross earnings, but inter¬
est guaranteed on second mortgage bonds and preferred stock as
above ; the other pref. stock is $1,010,000 and common $2,272,700;
gross earnings in 1884, $681,000; in 1883, $669,868. The Kansas City
St. Louis & Chic, is leased to the Chicago & Alton company in perpetuity
from Nov. 1,1877. at a rental of 35 per cent of gross earnings, less taxes
and assessments. The bonds are held by U. S. Trust Co. as security for
the C. & A. bonds of 1878 issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per oent on
the stock, the excess is to go to the lessees. The Mississippi River Bridge
is leased in perpetuity from December 3,1877, at a rental equal to 7 per
cent on $300,000 stock and 6 per cent on $700,000 bonds.
The Chic. & Alton preferred stock has prior right to a non-cumulative
dividend not exceeding 7 per ct. from net earnings, and (after payment
of 7 on oommon) also shares with common in any surplus.
Prices of
stock have been as follows: Preferred in 1881, 140® 153; in 1882,
City, 101 miles; Kansas
leased, 450 miles. Total operated,
to Cedar
18£4,142®152; in 1885, to Feb, 20,
in 1882,127*a®145ia; in 1883,
128®13714; in 1884, 118 ©140^; in 1885 to Feb. 20, 128®132>*.
Dividends were as follows prior to the current year: In 1877, both
$15,342,276; preferred stock—first, $8,306,788; second, $9,169,056. The
second mortgage currency bonds till July, 1884, took interest in second stocks. 7^2; in 1878, both 7; in 1879, preferred 7, common 6; in 1880,
preferred stock, then for two years partly in that stock and partly cash, pref. 7, com. 6^3; in 1881 both 8; in 1882 both 8; in 1883 both 8; in
and afterwards all cash, if the earnings are sufficient but “ all interest 1884, both 10, the periods being changed from semi-annual to quarterly
not paid in cash to be paid in second preferred stock.” The cash inter¬ in May, 1884.
JM
est charge will be in 1884 about $1,344,300; in 1885, $1,544,300; in
Operations and Finances.—The Chicago & Alton road has beeu par¬
1836, $1,644,300; in 1887, full interest, $1,944,300.
The mortgage
bonds of 1882 for $3,000,000 are secured on road from Newport News ticularly strong in having a large local business between Chicago and
to old Point Comfort, Va., and terminal works; and on a branch St. Louis, so that it was less dependent on through business, which is
done at competitive rates.
Its leased lines are as completely controlled
to bo built in West Va. from Scary Creek to the Ohio River. First pref.
stock has prior right to 7 per cent from surplus; then 2d prer. to as if owned, and the system is compact.
Annual report for 1883 in Chronicle, V. 38, p. 227, had the follow¬
receive 6 per cent. The Ches. & Ohio guarantees $700,OOo bonds fora
ing:
“From one-ftfth to one sixth of the gross earnings from freight
grain elevator, but in case of paying them will take the elevator.
Gross earnings in 1884 were $3,538,606, agaiust $3,906,793 in 1883; traffic during the last three years has been received for transporting
farm products of all kinds shipped at local stations, and during the
uet, $1,075,885, against $1,353,299.
The annual report for 1883 was in V. 38, p. 593. Earnings and ex- last year the gross earnings from that description of traffic amounted
to about one-eighth of the total gross earnings of our lines.
pehses were as follows in 1881,1882 and 1883;
Operations, earnings. &o., have been as follows for four years past.
Years.
Gross Earnings. Op’g Expenses. Net Earn’gs. Fiscal
year ends Deo. 31.
1881
$2,705,343
$2,267,403
$437,940
OPERATIONS AND FISCAL RESDLT8.
1882
3,334,976
2,302,448
1,032,528
1884.
3,906,791
2,599,933
1,306,858
1883
1883.
1882.
Operations—
1881.
1,805,140 1.907,846
1,666,991
—(V. 33. p. 202, 359, 508, 582, 593, 595; V. 39, p. 181, 196, 264, 522; Passengers carried
1,495,606 101,150,959 106.028,676 119,946,417
V, 40, p. 61.)
Passenger mileage... 92,847,464
1*899 cts.
2*141 cts.
1*951 ots.
Chesapeake Ohio Sc Soothwestern.—Owns from Elizabethtown Rate $ pass. $ mile
1*828 ct*. 3,522,840
3,598,284
3,488,496
Ky., via Paducah, to Memphis, Tenn., 353 miles; leased, Cecilian branch Freight (tons) moved 3,275.004
602,768,054
5
of L. & N., 45 miles. Total operated, 398 miles. This road forms the Fr’gnt(tns) mileage. .447,009,977 474,823.908 49,369,534
1*128 ots.
1*007 ots.
1*261 ots.
v. rate $ ton $ mile.
western connection of the Chesapeake & Ohio and the Lexington & Big
1*241 ots.
$
$
$
$
Earnings—
Sandy. The company purchased the Memphis Paducah & Northern—
2,278,429
2,270,379
1,973,100
1,697,542
Paducah to Memphis—and the Paducah & Elizabethtown, subject to the
6,073,675
6,197,681
5,948,123
5,546,869
357,170
342,550
294,271
313,329
g300,000
the latter, from Louisville to Cecilian Junction, Mail, express, &c
ranch ofmortgage
Louisvilleon
& Nashville,
fof $60,000 per annum, with option of purchasing it. Stock—Common,
8,810,610 8,709,274
8,215.494
7,557,740
$6,348,000, and preferred, $3,696,000. Gross earnings for year 1883
4,886,646
4,879,958
4,185,881
4,149,713
on 393 miles, $1,322,455; net, $276,728. Payments—Rentals, $60,000;
Operating expenses
interest on bonds, $335,280; interest on floating debt, $24,595; total
3,822,628
3,930,652
3,729,613
3,408,027
payments, $419,874; deficit, $143,146. Gross earnings in 1884 were
56*10
55*38
54*60
l
54*90
$1,374,645, against $1,322,455; net, $339,951, against $308,922. (V.
road is
130® 146 ; iu 1883,140® 150; in
147® 151. Commonin 1881, 127®156;
•
gWB !
.
.
.
and leased in perpetuity the Cecilian
.
.
.
39, p. 181, 264;
V. 40, p. 61.)
Cheshire.— Owns from South Ashbumham, Mass., to Bellows
Falls, Vt., 54 miles; leased, Monadnock Railroad, Winchendon to
Peterboro, N. H., 16 miles; and 10 miles Vermont & Mass; total 80
miles; but the Monadnock, 16 miles, is not included in the
earnings, leaving 64 miles operated.
$51,000 rental paid to Vt. <fe
Mass, fpr leased portion of road. Capital stock—oommon, $53,300,
Cheshire
and
preferred, $2,100,000. Gross earnings in 1882-83, $634,524; net,
$107,226. In 1883-84, gross $586,685; net $180,775; surplus over
Interest, rentals and 3 per cent dividend on pref. stock was $12,109.
Chicago Sc Alton.—Line of Road—Joliet’ to East St. Louis
(main), 244 miles; Branches—To Coal City, 30 miles; Dwight to
Washington <fe Lac’n, 80 miles; Roodhouse to Louisiana, 38 miles;
Upper Alton line, 8 miles. Total owned, 400 miles. Leased—Chicago
to Joliet, 37 miles; Bloomington to Godfrey, 150 miles; Louisiana
INCOME ACCOUNT.
1881.
Total gross
earnings.
Net receipts—
Net earnings,
.
Other receipts
Total
Disbursements—
Rentals
paid
.
.
Construct, equip., <fecI
Interest on debt.
Taxes
$
7,557,740
3,408,027
1882.
1883.
1884.
$
8,215,494
$
8,810,610
8,709,274
3,729,613
3,930,652
$
306,791
332,547
284,773
3,822,628
278,818
3,714,818
4,062,160
4,215,425
4,101,446
1,12?,534
1,096?995
71,221
431.644
1,208,277
761,122
198,621
217,074
823,565
292,221
770,633
217,144
762,001
171,662
A
740,759
700.544
M
RAILROAD STOCKS
Subscriber* will confer
a
BONDS.
[Pol. XL.
great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
Miles
For explanation of column headings, &c., see notes
On first page
AND
of tables.
Date
of
of
Road. Bonds
or
Par
Bonds—Priucl
pal,When Due,
Where Payable, and by
Sioek8—Last
INTEREST OR DIVIDENDS.
Size,
Amount
Rate per
When
Cent.
Payable
Value.
Outstanding
$1,000
$2,655,000
6 g.
M. <fc N.
100
1^
3*2
Q.-F.
1,000
1,750,000
271,700
300,000
684,000
6,500,000
2,500,000
77,540,500
13,986,000
11,294,000
7,968,000
4,300,000
1,000
9,000,440
Whom.
Dividend.
Chicago dt Alton—<Continued)—
Bonds for K.C.St.L.A C. (1st mort. as collateral).
Preferred stock, K. C. 8t. L. & C., guar. C. & A—
Common stock
do
162
Mississippi Riv. Bridge st’k (7p. c. guar, by C.&A.)
C. <fe A. bonds on Miss. Riv. Bridge, 1st mort., gold
249
Chicago <6 Atlantic— 1st mort., gold, $ or £
2d mortgage (for $5,000,000)
249
3,322
Chicago Burlington <£ Quincy—Stock.
Consolidated mortgage coupon, (for $30,000,000)
825
Trust mort.on Iowa lines,coup.or reg.(s.f. l^p.c.)
740
Bonds Denver exten. 4s, (sink, funa 2 percent)...
•
Southwest Div. 4s, (s. f. lp.c.)
Debenture bond* for Han. & St. Jo. stock
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
Bonds of 1895, (sinking fund)
Dixon Peoria & Hannibal, 1st.)
f
Ottawa Oswego& Fox Riv., 1st \ Coup., but may I
Illinois Grand Trunk, 1st mort
( be registered.}
Quincy & Warsaw. 1st mort
J
\
..
os
of 1901 (sink, fund) coup
Quincy Alton & St. Louis, 1st mortgage, guar
fiurl.<£ Mo. Riv., 1st on r’d & 400.000 ac’sT’d ) Cp.
do
1st M. on br.,C.B.&Q.stk.(5th ser.) > or
do
Couv. bonds, C.B.&Q.stk.(6th ser.) ) reg.
Bun. & Mo. consol.M.for $14,000,000, s.f. $30,000
do
Omaha & S.W., 1st M., guar
Burl. & Mo. bonds, s. f. for Atch. & Neb. RR. stock
Nebraska consol, mort., guar
Republican Valley RR.,' sink, fund bonds
Atchison & Nebraska. 1st mortgage
Dividends
Miscellaneous
Jol. & Chi. b’ds red’d.
1881.
1882.
$
1,077,976
232,510
$
1,083,080
97,940
306,000
1878
....
•
•
•
_
„
•
•
•
•
.
ra
100
96
....
33
40
70
44
40
270
46
281
40
m
m
m
m
191
49
•
.
•
•
133
148
149
1883.
$
1,194,184
86,963
tin*
1877
1881
1883
....
1873
1879
1882
1881
1883
1860
1864
1872
1875
1869
1870
1870
1870
1876
1876
1863
1869
1870
1878
1871
1880
1877
1879
1878
1,000
1,000
1,000
100
1,000
1,000
1,000
....
1,000
1,000
1,000
4 g-
1,076,000
500 &c.
890,500
1,000
1,000
1,000
720,000
2,325,000
840,000
4,170,550
73,500
158,500
11,703,000
*
&c.
&c.
&c.
&c.
1,000
1,000
675.000
i;ooo
3,347.000
392,000
939,000
100 &c.
1.125,000
1,000
$
1,646,810
88,263
4
4
5
545^500
500 &c.
1884.
4&5
541,000
653,000
547,500
378,000
....
50
500
500
600
7
6
6 g.
6 g.
2
7
-
7
7
5
8
8
8
8
5
5
7
8
8
6
8
4
7
6
7
N.Y., John Paton & Co.
do 1
May 1, 1903
do
Feb. 1, 1885
Nov. 1, 1884
In 1884
Oct. 1, 1912
Chic., Ill. Tr. & Sav. Bk.
....
A. <fc O. N. Y., John Paton & Co.
M. & N.
New York & London.
F. & A. N. Y., Erie RR. Office
Q.—M. Boston and New York.
J. & J. N. Y., Bk. of Commerce.
A. & O.
do
do
F. & A.
do
uo
M. & S.
do
do
M. & N.
J. & J.
Frankfort.
A. & 0. N.Y., N. Bk. of Com’rce.
J. & J.
Boston, Co.’s office.
J. & D.
do
do
J. & J. N.Y., N. Bk. of Com’rce.
J. & J. New York and Boston.
A. & O. Boston, C. B. & Q. Office
J. & J. N.Y., N. Bk.of Comm’rce
A. & O.
Boston, Co.’8 Office.
F. & A. N.Y.,Farmers’ L.& T.Co.
A & O.
do
do
J. & J.
Boston, Co.’8 Office.
J. & J.
do
do
J. & J.
do
do
J. & D.
do
do
J. & J. Boston, N. E. Trust Co.
A.
O.
Boston, Co.’s Offlno.
J & J.
do
do
M. <fc 8.
do
do
Nov.
1, 1920
Aug. 1. 1923
Dec. 15,1884
July 1, 1903
Oct. 1, 1919
Feb.
1, 1922
Sept. 1, 1921
May 1, i.913
July 1, 1890
Oct. 1, 1890
Jan. 1,
June 1,
1896
1895
July 1, 1889
July 1, 1900
Oct. 1, 1890
July 1, 1890
Oct. 1, 1901
Feb. 1, 1896
Oct. 1, 1893
July 1, 1894
July 1, 1889
July 1, 1918
June 1, 1896
Jan. 1, 1910
Oct. 1, 1896
Jan. 1, 1919
Mar.
1, 1908
receipts for the year 1883 were $1,654,369. In the assets are: Con¬
tracts on hand, $3,720,084; interest on contracts on hand, $724,267;
unsold lands, 182,415 acres, estimated at $ 1 per acre, $729,661. '
Operations
Finances.—The Chicago Burlington & Quincy Rail
of the most profitable in the country, as its numerous
branches tributary to the main line were built into choice agricultural
territory, where they enjoyed a monopoly of the local business at full *
rates. Recently the company has greatly extended its lines and in¬
creased its stock and bonds, but the latter only at 4 to 5 per cent inter¬
est, since it could borrow at the lowest rates. The company gives
no full traffic statistics in its report, and the
mileage of freight and pas¬
sengers is not known; but corn is by far the most important single
article carried, and in 1880 the road brought to Chicago over 40,000,000
road has been
and
one
Total disbursem’ts.
3,772,788
3,645,518
4,147,801
3,868,716
Balance, sur. ordef.. def. 57,970 sur.416,642 sur. 67,624 sur.232,730
-(V. 38, p. 215, 226, 455, 508 ; V. 39, p. 202.)
Chicago & Atlantic.—Opened May 14, 1883, from Marion, O., on
line of N. Y. Pa. & O., to Hammond, Ind., 249 miles, and thence over
the Chicago & West. Ind. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. & O. and N. Y. L. E. & W., and both these companies guaran¬
tee the gross earnings on business over their roads to and from the bushels, but in 1882 (after the corn failure of 1881) only 15,000,000
bushels.
Chic. & Atlantic, as security for interest on the bonds. Stock, $10,u00,For 1884 the gross earnings were $25,483,671, against $26,110,369
000, of which $9,000,000 is deposited with H. J. Jewett, President of in
1883; net, $12,415,103, against $13,329,739 in 1883.N. Y. L. E. & W., in trust to hold and vote on it. On Nov. 1, lb84, the
The annual report for 1883 was published in the Chronicle, V. 38,
p.
interest due on 1st mort. bonds was defaulted. The 2d mortgage bonds
422, 477. Comparative statistics for four years are as follows:
were largely pledged for N. Y. Lake E. & W. loans, partly to Grant &
1880.
1881.
1882.
1883.
Ward. (V. 38, p. 229, 247; V. 39, p. 522.)
Miles ow’d and leas’d
2,675
2,826
3,131
3,224
Chicago Burlington & Quincy.—Line of Road.—The C. B. & Miles
oper’d jointly.
97
98
98
98
Q. is one of the most complex railroad systems in the United States. Its
network of lines in Illinois, Iowa and Nebraska could only be shown in
Total
operated..
2,772
2,924
3,229
3,322
the Supplement by a map. The main line extends from Chicago, III.,
earnings and expenses.
to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 276
miles, and from Pacific Junction to Denver, Col., 577 miles, making the
1880.
1881.
1882.
1883.
distance from Chicago to Denver 1,057 miles. From Pacific Junction
$
$
Earnings—
$
$
to Council Bluffs is 18 miles (track used jointly with K. C. St. Jo. & C.
Passenger
3,534.209
3,616,086
4,756,992
5,285,839
B.), making the C. B. & Q. line, Chicago to Council Bluffs, 498 miles. Freight
16,054,197 16,595,819 15,711,510 19,514.161
TheExtens. to Denver was opened May, 1882. Besides numerous local Mail,
express, &c....
903,641
1,112,245
1,310,369
1,534,802
roads the company also has its line in Illinois to East St. Louis, and to
Total gross earnings.
20,492,047 21,324,150 22,003,304 26,110,369
B. & Q. in 1883) across Missouri to St. Joseph.
The mileage reported Operating expenses
9,804,494 11,066,511 11,283,963 13,496,479
8uincv, connecting with the Hannibal & St. Joseph road (purchased by
.
at the close of 1883 was 3,322. In addition to this the company con¬
trols and largely owns the St. Louis Keokuk & N. W. road, 1811^ miles ;
the Kansas City St. Joseph & Council Bluffs, 313 miles; the
10,687,553
Notearniugs
Chicago
Burlington & Kansas City, 153 miles; the St. Joseph & Des Moines, 50
miles; and a half-interest with Wabash in the Humeston & Shenandoah
road, 113 miles. Also owns a majority of the stock of Hannibal & St.
Joseph Co., purchased in 1883.
Organization, &c.—TheC. B. <fc Q. was a consolidation in 1856 of the
Chic. & Aurora and the Cent. Military Track railroads, and purchased
in 1860 the Northern Cross RR. and in 1862 the Peoria &
Oquawka road.
The present company was a consolidation in January, 1875, of the
Chicago Burlington <fc Quincy in Illinois and the Burlington & Missouri
River in Iowa.
In 1880 the Burlington & Missouri in Nebraska
was
absorbed.
The leased lines are practically owned and there
is no charge for rentals in the income account, except as interest on
bonds. The ownership in the other roads above-mentioned is in the
stocks and bonds thereof, and their accounts are kept separate (701
miles in all), and in the balance sheet the cost to C. B. &
Q. is put down
as $25,093,287.
In April, 1883, the C. B. & Q. purchased the common
stock of the Hannibal & 8t. Joseph Railroad, and part of the preferred
stock and paid with its $9,000,000 of 5 per cent bonds at par. The
fiscal year ends Dec. 31. Annual election in April.
Stocks and Bonds.—The stock has been rapidly increased for the
acquisition of new lines, and in 1880 a distribution of 20 per cent in
stock was made.
In April, 1884, about $7,000,000 new stock was
offered at par to old stockholders, being about 10 per cent on holdings,
and the lull amount was inserted in the table above, including also the
$2,290,000 held in the company’s treasury, but as the latter stock had
not been issued up to Dec., 1884, it was thereafter no longer included
in the total outstanding. Prior to the current year dividends were : In
1877, 9 per cent; in 1»78, lo^s; in 1879, 8 ; in 1880, 9*4 cash and 20
stock; in 1881, 8; in 1882, 8; in 1883,8; in 1884,8. The prices of
stock have been; In 1881, 133L2»182^; in 1882, 120^141; in 1883,
1153i® 1293s; in 1884.107® 127^; in 1885, to Feb. 20, 115Jj!® 122^8
The C. B. & Q. on many of its branch lines gave a traffic guarantee of
40 to 50 per cent, which was used in purchasing their bonds. The C. B
& Q. 4 per cent bonds were issued against Rep. Valley and Bur. <fe Col.
5 per cent bonds held in trust, and an equal amount of Rep. Valley
stock
scrip was also issued to subscribers to the bonds, such scrip being ex¬
changed April 1,1882, into Chicago Burlington & Quincy stock. The
Kansas City St. Joseph & Council Bluffs and crunches was purchased,
254 miles, and the Chic. Burl. & Q. stock issued therefor at $125 per
share, taking the St. Jo. stock at $72 50 per share. Enough of the C. B.
& Q. consolidated
mortgage is reserved to take up prior debts. The
bonds of 1876 for St. Louis Rock Island & Chicago Railroad are plain
bonds of Chic. Burlington & Quincy, offset by mortgage of like amount
on St. Louis Rock Island & Chicago road
deposited with trustees. There
are sinking fuuds for most of the issues of bonds.
Land Grant.—The lauds were obtained by the consolidations with
Burlington & Missouri in Iowa and Burlington & Missouri in Nebraska.
In Iowa only 21,175 acres remain unsold, and the contracts outstand¬
ing Dec. 31 were for $1,022,952. In Nebraska the total quantity reoeived under the grant was 2,365,864 acres, of which there had been
sold to Dec. 31, 1883. 2,183,448 acres, for $11,130,313, an
average
prloe of $5 09 per acre.
The net sales for the year 1883 were 150,841
acres, for $690,672,
an
average price of $4 57 per acre. Cash
10,257,639
10,719,341
12,613,892
INCOME ACCOUNT.
1880.
$
1881.
1882.
1883.
10,687,553
$
10,257,639
10,719,341
$
12,613,890
324,180
gr’t..
899,315
1,170,437
1,329,725
1,595,788
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rate of dividends...
Carried to sink’gf’d.
Transf’d to ren’al f’d.
11,586,868
$
203,006
3,282,718
4,366,064
11,428,076
$
310,668
3,430,454
4,349,286
12,049,066
$
148,771
3,883.789
14,533,858
$
144,506
563,385
1,250,000
687,246
1.000,000
Total disbursements
9,665,173
3,921,695
9,777,654
Receipts—
Net earnings
Int. andexch
Net B. & M. I’d
Balance, surplus.
9L*
8
1,650,422
$
4,09<L005
5,566,484
5,023,599
8
8
631,443
750,000
646.430
1,500,000
10,437,602 11,950,425
1,611,464
2,583,433
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
$
$
$
$
Railr’d, equip’t, &c.. 109,596,188 117,527,014133,493,121 136,729,911
Stocks owned, cost..
4,540,668 10,591,938 19,318,243 *25,583,069
Current accounts...
3,520,158
2,641,433
2,988,015
8,340,313
Materials, fuel, &c..
2,074,740
1,295,190
2,575,996
1,584,042
Cash on hand
1,605,279
1,781,127
2,846,660
2,221,842
Trust’s B.&M.l’dgr.
2,223,110
2,440,237
3,137,995
3,741,544
Trust’s C.B.&Q. s. fd
1,284,007
1,631,407
197,714
285,642
assets-
N.Eng.Tr.Co., trust’s
Miscellaneous
Total
Liabilities—
560,207
Total....
1,255,133
18.503
1,702,724
25,220
125,404,356 138,739,054 165,831,380 180,214,307
$
$
$
$
52,773,940 55,263,790 69,578,340 71,869,840
71,406
74,256
73,657
71,356
Stock, common
Stock, B. &M
Stock, Republ’n Val.
1,565,000
Bonds (seeSupp’m’t) 44,093,925
Sinking funds
3,953,735
Contingent liabilities 10,324,800
Laud grant sink. f’d.
2,790,370
Income account
119,419
Renewal fund
3,250,000
Miscellaneous
2,720,704
Profit and loss
3,738,207
*
840,708
51,927,725
4,766,661
62,421,050
4,6i7,071
7,195,000
3,419,844
6,227,000
1,769,837
4,250,000
15,381,174
4.691,366
4,023,105
6,652,788
5,000,000
1,352,622
5,888,018
71,384,491
2,897,131
6,024,000
4,726.395
9,236,223
6,500,000
f 1,660,608
5,844,213
125,404,356 138,739,054 165,831,380 180,214,307
Includes Han. & St. Jos., Kan. C. St. Jos. & C. B., Hume. <fc Shen., St.
J. <fc Des. M., Cb. B. & K. C., St. L. K. & No W., and others.
t Includes subscription under circular of Sept. 15, 1881, $1,973,750;
and local aid and voluntary contributions. $1,244 311. &c.
t Includes unclaimed dividends, unpaid accounts, pay-rolls. &c., &o.
—(V. 38. p. 29, 87, 202, 401. 422, 455, 468, 477, 479,' 551, 659. 678; V.
39, p. 33, 47.141.157, 208,245, 264, 394,408, 505, 522, 681; V. 40, p.
60, 92,225, 240.)
RAILROAD
February, 1885. J
great favor by giving
Subscribers will confer a
explanation of column headings,
on
first page
of tables.
Ac., see notes
Chicago Burlington <& Quincy—(Continued)—
Lincoln A Northwestern RR. bonds
Kansas
City St. Jo. & C. Bl., mortgage
Val. mortgages
Chicago <£ Canada Southern— 1st mort., gold
Tarkio Val. and Nodaway
Chic. Detroit & Canada Or. Trunk Junction—1st M.
Chic. & East. Ill— Stock
1st M.,coup. (8. f. $20,000 after ’85)
2d mort. income (non-cumu.) conv. into consol...
Consol, mort., gold (for $6,000,o00)
C. A E. Ill. Extension, 1st mortgage
Dan. & Grape
Creek RR.—1st mortgage
Car trust bonds
:
Chicago d Grand Trunk—1st mortgage, $ and £
for
2d mort.
$6,000,000 ($4,50o,000 are reserved)
Northwest. Grand Trunk, 1st mort
Chicago d Great Southern—1st mort
1
Chicago d- Iowa—1st mort., coup., may be reg
2d mortgage...
Chicago Milwaukee <£• St. Paul—Com. stock
Preferred st’ck (7 p. c. y’rly, not cumulative)
Consolidated mortgage (for $35,000,000)
—
1st mortgage (Lacrosse Div.), coup, or reg
Istniort. (Iowa & Minn.)
'
1st mortgage (Minnesota Central).
1st mortgage (Iowa A Dakota)....
Coup., but
1st M.,Ia.ADak.Ext.($15,000 p.m.)
may be
1st mortgage (Prairie du Chieu)...
registered <
2d mortgage (Prairie du Chien)...
by end’rse
Milwaukee A Western
ment.
-
St.P.AC.lst M.(Riv. D.)$A£(conv.)
1st mortgage, Hastings
1st M.,Chie. A Mil. Line
immediate notice of any error discovered in tbese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
A Dakota.
Miles
of
Date
of
Size, or
1880
1877
18*0
1872
14
12
1881
330
330
66
76
80
80
4,720
4,720
1,435
370
230
49
126
234
195
195
130
75
85
due coupons. Original cost, $5,176,557. It
between Chicago and Detroit River, but
1880
5,8e4.000
613,516
1,000
1,000
1,000,000
1,000
1,150.000
30,904,261
16,540,983
11,083,000
1875
1863
1867
1864
1869
1878
1868
1868
1861
1872
1872
1873
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
.
^
1,000
1,000
from
1880.
The Chicago A East Illinois was
as
Vincennes in 1865, and opened in 1872 and 1873. Sold under
ure Feb. 7, 1877, and reorganized under existing style
In March, 1882, the U. 8. Supreme Court reversed the
closure of the Danville road, but granted a rehearing, on
decree was
In May,
reversed and the cause remanded.
settlement was reported to have been made; also a consol, mortgage
Chicago Danville A
foreclos¬
Sept. 1,1877.
decree of fore¬
which the
1884, a
for
$6,000,000 authorized, of which $4,500,000 are to retire prior issues.
A summary of operations for last six months of 1x84 was in V. 40,
p. 181, showing net earnings of $406,55 L and interest charges of
$257,253, and contraction and equipment charges of $109,822.
Report for year ending June 30, 1884, in V. 39, p 434, showed gross
earnings, $1,560,320; net, $713,130; fixed charges, $523,989; surplus,
$189,140; tloatiug debt June 30, 1834. about $900,000. (V. 38, p. 358,
571, 619; V. 39, p. 47,127, 157, 434, 461, 606, 732; V. 40, p. 150, 181.)
Chicago Sc Grand Trunk.—Line of road from Port Huron, Mich.*
to Chicago, 330*2 miles; also uses 4*2 miles of Chicago & West. Indiana
and 4 miles Grand Trunks Junction RR.; total operated, 339 miles. This
is a consolidation of roads between Port Huron and Chicago formed in
April, 1880, under the control of the Gr. Trunk of Canada. It includes
the former Port Huron A Lake Michigan and the Peninsula roads, sold in
foreclosure. Stock, $6,600,000 in $100 shares. The Grand Trunk of
Canada gives a traffic guarantee of 30 per cent of gross earnings on
business to and from the Chicago & Grand Trunk Road. Gross earnings
for 1882, $2,271,000; net. $385,579; interest charge. $335,568; in 1833
gross, $2,977,000; net, $717,000. (V. 38, p. 331, 619.)
Chicago Sc Great Southern.—From Fair Oaks, Ind., to Yeddo,
Ind., 76 miles; consolidation 1883 of the Chic. A Gt. Southern and the
chartered
issued $1,000,000; bonds author¬
In November, 1884, D. Shumway,
Ill., to Foreston, Ill., 80
operated, 104
of a Receiver.
earnings for year ending Dec. 31, 1882, were $525,071; net, $88,Capital stock, $1,428,000, This road is used by the Chicago Bur¬
lington A Quincy to connect with the Illinois Central, and in Feb., 1882,
It was reported to have passed into control of parties interested in
Chicago Burlington & Quincy.
Chicago Milwaukee Sc St. Paul.—Line of Road.—The company
operates a great consolidated system of railroads in Illinois, Wisconsin,
Minnesota, Iowa and Dakota, which could only be well shown in the
Supplement by a map. An enumeration of the roads seriatim conveys
but little idea of tile territory actually covered. The main through
lines are from Chicago to Milwaukee, 85 miles; Milwaukee to St. Paul
and Minneapolis, via La Crosse, 341 miles; Milwaukee to Prairie du
Chien. 194 miles; McGregor (opposite Prairie du Cliien) to Chamberlain,
Dak., on the Missouri River, 442 miles; Chicago, via Savanna, on the
Mississippi River, to Council Bluffs, la., 487 miles; Minneapolis to Aber¬
deen, Dak., 288 miles. On Dec. 31, 1883, the mileage in Illinois was 313;
In Wisconsin, 1.225; in Iowa, 1,369; in Minnesota, 1,058; in Dakota,
Gross
309.
794.
Total miles operated, 4,760.
215,000
3,804,500
89,000
2,393,000
•
Dan’
’
Chicago Sc Iowa.-Owns from Aurora,
5,279,000
*3,201,000
123,000
541,000
3,505,000
3,674,000
1,241,000
1,000
Chicago Sc Eastern Illinois.—Owns from Dolton, Ill., to
ville, Ill., 107*2 miles; Covington, Ind., to Coal Creek, Ind., 10*2 miles
Danville to Sidell’s, 23 miles; leased, Dolton to Chicago (C. A W. I.)
17 miles; Wellington Junction to Cisna, 13 miles; Evansville Terre
Haute A C. RR., Terre Haute to Danville, Ill., 55 miles; Otter Creek to
Brazil, Ind., 14 miles; Danville, Ill., to Covington, Ind., 13 miles;
total operated, 253 miles. The leases of 17 miles, Dolton to Chicago,
and 13 miles, Danville to Covington, are contracts for use of track over
other roads. The Evansville Terre Haute & Chicago was leased May 1.
miles; leased, Flagg Centre to Rukfo d, 24 miles; total
miles. Ch artered in 1869 and opened in 1872. In hands
600,000
100
100
......
Opened in 1859.
$313,730; net,
receiver.
250,000
1,000
500 Ac.
Michigan.
Chicago, was appointed
250,000
£ 100&C
dividends, semi-annually, each 2
Capital stock, $978,984. The road
is maintained in
of
768,808
1,500,000
298,000
5,386,4*4
Canada Grand Junction.—Owns
Chic. & Block Coal railroads. Stock
ized, $2,000,000; ssued^ $1,000,000.
3.000,000
1,000
1,000
1,000
8chell, President, N. Y. City.
rm v
2,541,000
1,095,000
3,000,000
100
100
100 See.
100 &c.
is a part of a projected line
failed in 1873. Augustus
•Port Huron, Mich., to Detroit Junction, 59 miles.
Leased to Grand Trunk of Canada. Earnings in 1883,
$29,642 ; paid interest, $65,700, and
per cent, $43,800, deficit, $79,853.
is owned by the lessees, but a separate organization
734,000
1,000
1,000
1877
1877
1884
1880
1882
18^0
1881
1870
1871
$600,000
5,000,000
$.-.
lOOAc.
1859
Rate per
Cent.
Outstanding
Value.
Road. Bonds
72
274
62
67
59
302
123
123
Amount
Par
Chicago Sc Canada Southern—(See Map of Lake Shore d
Michigan Southern).— Owns from Grosse Isle, Mich., eo Fayette, O.,
67 miles. On Nov. 1, 1879, it was transferred to the Lake 8hore &
Michigan Southern.
It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes upwards of $1,680,000 over¬
Chicago Detroit Sc
37
AND BONDS.
SrOCKS
dividend
Payable
7
7
7
7 g6
3
6
7
6 g6
6
J. & J.
J. A J.
J. A D.
A. A O.
J. & J.
M. A S.
J. & D.
Deo.
A. & O.
J. & D.
M. A N.
6 g5
6
6
8
8
J.
J.
J.
M.
A
&
&
&
J.
A
J.
&
3*2
3*2
A. &
A. &
7
7
7
7
7
7
•8
7*3
7
7 g.
7
J.
J.
J.
J.
J.
J.
7
F.
&
&
&
A
&
&
&
&
A
A
Where Payable,
Whom.
pal,When Due*
and by
Stocks—Last
Dividend.
1910
1907
1920
April 1, 1902
N. Y., Union Trust Co.
July 1, 1884
London, England.
N. Y., Central Trust Co. Mar. 1, 1882
Boston and New York.
do
do
Boston.
Jan. 1,
Jan. 1,
June 1,
New York. 4th Nat. Bk.
Deo.
N. Y„ Central Trust Co.
New York and Boston.
New York. 4th Nat. Bk.
1934
Dec. 1, 1931
Boston, Globe Nat. Bk.
May, 1920
1, 1907
Deo., 1907
^900
J. New York and London. Jan. 1,
Jan., 1922
do
do
J.
J. N.Y., E.P.Beaeh.B’way. Jan. 1, 1910
Nov. 1, 1911
N.
J. New York and Boston. Jan. 1. 1900
Aug. 1, 1901
do
do
J.
Oct. 21, 1884
New York, Office.
O.
Oct. 21, 1884
do
do
O.
July 1, 1905
do
do
J.
1893
'
do
do
J.
do
do
July, 1897
J.
1894
do
do
J.
1899
do
do
J.
July 1, 1908
do
do
J.
1898
do
do
A.
1898
do
do
A.
1891
do
do
J.
Jan., 1902
J. London and New York.
1902
New York, Office.
J.
1903
do
do
J.
—
F.
J.
J.
J. A
J. A
but if not earned it has no cumulative right. If, however,
earned and not paid, there might be a claim on future
iu each year,
a
When
was
pref. and 7 on com.,
1873 have been as
paid in consol,
preferred and 14 per
preferred; in
1880,1881,1882, 1883 and
Pref. in 1878,64®
843*: in 1879. 7430® 1023*: in 1880, 99®124*e; in 1881, IL63*®140; in
1882, 114*2® 144*4; in 1883, 115@122*4; in 1884, 957a®119; in 1885
to Feb. 20, 102® 107*2. Common—in 1878, 27*2iu 1879, 3138®
82*8; in 1880, 66*201143*; in 1881, 101*2® 129*4; in 1882, 96*2®
128*4; in 1883,913*3108*2; in 1384, 53*4®9i*4; in 1885 to Feb. 20,
7078®76*8.
Of the consolidated mortgage bonds of 1875, enough are reserved to
take up the prior bonds. The latter had a sinking fund of 1 per cent
per annum, but holders may have their bonds stamped and discharged
from the operation of the sinking fund. The Chicago A Pacific Western
of
years for such dividend. After payment
7 on
both classes share pro rata. Dividends paid since
follows (prior to ourrent vear): In 1874, 7 on preferred
bonds; in 1875 no dividend; in 1876, 3*a cash on
cent in bonds; in 1877, 3*2 on preferred; in 1878, 10*2 on
1879, 2*2 on common and 7 on preferred; in
1881, 7 on both.
The range in prices ot stocks since 1877 have been:
$20,000 per mile on new lines built or ac¬
The Chic. Clinton Dub. A Minn. 7 per cent bonds, due 1910, are
subject to call after Jau. 1,1885, at 102*2 and interest, and will probably
be retired with Chic. M. & St P. bonds on this (Dubuque) Division held
in trust for the purpose
The Iowa A Minn. Div. bonds are convertible
into preferred stock. The terminal bonds issued in 1884 are secured by
mortgage on the terminal property in Chioago and Milwaukee, subjeot
Division bonds are issued at
quired.
to the lien of the
minals.
general mortgage so far as
that covers these ter*
Lands.—The lands acquired
closed out, and the amount
by the company nave been mainly
due the company on contracts and
of this company increased very
being 2,359 on January 1, 1880,
rapidly in four years, the miles owned
against 4.760 on January 1, 1884, and
mortgages Doc. 31,1883, was $1,781,906. And in 1883 the land grant
and income bonds were issued against the laud notes held.
Operations. Finances, Ac.—The mileage and also the stock and debt
debt, in round figures, $69,000,000 on January 1,
January 1,1884. The main question as to
the company’s income depends on the success of so large an amount of
new mileage, on which the traffic is to be gradually built up. and the
the stock and bonded
1880, against $143,700,000
the
of
$352,816
in net income; an increase of $544,683 in the annual interest on bonds;
resulting in a decrease of $1,005,771 in the surplus over all oharges and
dividends, this surplus for 1884 being $453,901, against $1,459,672 in
1383.
The report for ’S3 iu Chronicle, V. 38, p. 356, contained the following:
operating expenses meanwhile are considerable.
For 1884
pre¬
liminary income statement was in V. 30, p. 213, showing a decrease
$188,825 in gross earnings compared with 18s3; a decrease of
Miles owned
1880.
1881.
1882.
3,775
4,217
4,520
operations and fiscal
1883.
4,760
results.
1883.
1882. 4.591,232
Passengers carried
3.956,814 235,579,660
Passenger mileage...Ill,561,919 137,940,086 200,790.926
2 52 ots.
Rate Tier pass. p. mile.
2 84 cts.
2 86 cts.
2 58 cts. 5.661.667
Freight (tom?) moved.
3.260,553
4,276.088 5,127.767 11766-‘5032
Freight (tons) mil’ge.504,876.154 697,347,607 945,250,159
1-39 cts.
Av. rate p. ton p. mile.
1*76 cts.
1*70 cts.
1 48 cts.
$
Earnings—
$
$
$
5.927.668
Passenger
3,159,051
3,938,989 5,179.078 16,365,354
Freight
8,884,227 11,884,795 14,002 335
1,366,802
1,201,677
1,205,313
Operations—
..
Mail, express, Ac
Total gross
1880.
2,127,501
1,042,841
earn’gs... 13,086,119
Operating expensesMaint ’nee of way, &c.
Maint’nce of
equip’t.
Transp’rt’t’n exp’n’s*.
$
17,025,461
2,018,424
4,073,756
6,051,930
Miscellaneous
Extraordinary
611,549
20,386,726
23,659,824
2,258,317
1,999,504
7,023,918
2,223,175
2,489,257
$
1,549,279
1,086,899
375,028
45,914
Taxes
1881.
2,985,885
1,367,674
473,166
65,367
341,370
589,613
8,011,533
614,009
93,609
114,029
221,112
325,434
operating exp.
7 742,425 10,317,931 12,186,073 13,778,037
earnings
5,343.694 , 6,707,530 8,200.653
ot.op.ex. to earns.
59 16
60 60
59 77
Including elevators, stock-yards, personal injuries, Ac., Ao.
Tot.
Net
Pr.
*
9,881,787
58*23
income
Receipts—
Net earnings
Other receipts
account.
1880.
1881.
$
5,343,694
324,298
$
6,707,530
635,308
-
1882.
1883.
$
8,200,653
623,814
$
9,881,787
Milw. & St. Paul RR. Co. was organized May
164,707
5, 1863, and embraced a number of other companies, including the Mil¬
waukee & Miss., the Prairie du Chien, the Lacrosse A Milwaukee, and
8,824,467 10,046,494
Total income
5,667,992
7,342,838
others. The Milwaukee & St. Paul afterward purchased the St. Pair A
Disbursements—
$
$
$
$
Chicago Road and others, and built the line from Milwaukee to Chicago, Interest on debt
4,127,389 4,786,054
2,837,385
5,373,925
and on February 11, 1874, the company took its present name. The
on both stocks*
1,965.722
2,461,042 3,212,895
1,937,862
Western Union Railroad was leased m 1879 for 999 years,.
The fiscal Divs.
*
A portion of these dividends was stated as payable out of the earn
year ends Dec. 31. The annual meeting is held early in June.
Stocks and Bonds.—The preferred stock has a prior right over the ings of the previous year, as follows: In 1880, $1,398,712; in 1881,
$973,606 in 1882 $1,218,201 and in 1883 $1,552,311.
common stock to a dividend of not over 7 per cent from net earnings
Organization, &c.—The
RAILROAD STOCKS
98
i
>
Subscribers will confer
a
Ac., see notes
Chicago Milwaukee d St. Paul—( Continued)—
Bonds on Lac’se ADav. Div., for Dav. A Nw. RR.
1st mort. on 8. W. Div. Western Union RR
1st mort. on Chic. A Pac. Div., Chic, to Miss. Riv..
1st mort. on So. Minnesota Div. ($9,000,000)
Land grant
1
'
Land grant and income bonds
1st mort. on Hastings A Dakota Div. extended ..
1st M.on Ch.Cl.D. AM. ($700,000 also held in tr.)..
Ch.CL Dub. A Minn. 1st M. (redeem. Jan 1, ’85..
1st mort. on Wisconsin Valley RR
do
Prior mort.
1st mortgage. Mineral Point Division
1st mortgage Chic. A Lake Superior Div.,
lstM.Wis.A Minn. Div. ($20,000 p. m.)
IstM., gold, on Chic. A Pac., W. Div., $20,000 p. m.
Terminal mort., gold. coup. orreg.(for
(i«)i A M1r». ■Rivftr RR. bonds
$5,000,000)
419
1879
1879
1880
1880
$....
1,000
1,000
1,000
336
372
1883
1880
1880
1,000
1,000
1,000
185
212
119
y’rly, not cumulative)
Bonds, pref. (sink’g fund), 1st mort., Chic, to Osh.
let mark, general, 3d mort.. Chic, to Oshkosh—
Consol, sinking fund M. ($12,900,000)
Madison extension, 1st mort., sinking fund, gold.
Chicago A Milwaukee, 1st mortgage
•
•
•
Bate of dividend
Miscellaneous
Tot. disbursem’nts.
Balance tor year
1881.
1880
1879
1880
1881
1881
1881
1884
1871
107
107
142
68
230
927
•
•
•
•
....
1859
1859
1865
1871
193
193
779
126
85
25
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
Gen. eons mort.. gold, coup, or reg. ($48,000,000) 1,058
137
Winona A St. Peter, 1st mort., guar by Chic.ANW.
137
do
2d mort., guar, by Chic. A N.W.
175
do
IstM. exten.,gld, land gr., s. f..
75
Iowa Midland, 1st mort., guar, by Chic. A N. W..
62
Northwestern Union, 1st mortgage, gold
1880.
$
$
7
7
7
*
•
[Vol. XL.
*
1,000
1,000
1,000
1,000
1,000
2,840,000
1.360,000
4,755.000
18,540,000
3,000,000
100
100
100 Ac.
100 Ac.
1,000
500 Ac.
1,000
.
.
.«•
1883.
$
7
1881.
Bonds—Princi¬
5
6
6
6
7
7
7
6
7
6
7
5
5
5 g.
5 g.
5
8
95,000
41,374,866
22,325,454
3*2
2
7
971,000
3,440,000
7,864,000
7
7
2,977,500
1.700,000
560,000
2,549,500
12,343,000
2,069,000
1,592,000
4,080,500
1,350,000
3.365,000
7g.
7
7
7 g.
7 g.
7
7
7 g.
8
7 g.
When
Where
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J.
J.
J.
Payable and by Stocks—last
Whom.
Pay’ble
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
I.
pal .When Due.
Dividend.
New York, Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Boston.
New York, Office.
do
do
do
do
do
do
do
do
1919
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
do
do
J.
D. New York, Co.’s Office.
do
do
Q.—M.
F. A A.
do
do
F. A A.
do
do
do
do
Q.—F.
A. A O.
do
do
J. A J.
do
do
J. A J.
do
do
J. A D.
do
do
J. AD.
do
do
do
J. A J.
do
M. A N.
do
do
J. A D.
do
do
A. A O.
do
do
M. A S.
do
do
July 1, 1909
Jan. 1, 1910
Jan. 1, 1910
1890
Jan.
Jan.
1, 1890
1, 1910
July 1, 1920
Jan. 1, 1910
July 1, 1920
Jan. 1, 1909
1910
July 1, 1921
July 1, 1921
Jan. 1, 1921
July 1, 1914
1891
Deo. 26,1884
Deo. 26,1884
Aug. 1, 1885
Aug. 1, 1885
Feb. 1, 1915
April 1, 1911
July 1, 1898
July 1, 1906
June 1, 1911
Deo. 1, 1902
Jan. 1, 1887
Nov. 1, 1907
Deo. 1, 1916
Oct. 1. 1900
June 1, 1917
in 1881, 131h3®147ia: in 1882, 136® 175; in
1883,134® 157; in 1884,117® 1491*; in 1885 to Feb. 20. 119%® 131.
in 1880, 104® 146^;
The
sinking fund bonds of 1879 are secured by a deposit of mort.
new roads acquired at the rate of $15,000 per mile, and the
terms under which these are issued were published in V. 29, p. 277.
8,586,820 Of these bonds so far issued, $6,305,000 are 6s and the balance
1,459,674 5s. There are several small issues of bonds (all less than $200,000
7,247,096
1,577,371
1882.
Rate per
Cent.
$2,500,000
4,000,000
3,000,000
7,432,000
278,000
1,600,000
5,680,000
6,010,000
655,000
1,700.000
1,106,500
......
6,093,111
1.249,727
Outstanding
500
GENERAL BALANCE AT CLOSE OF BACH FISCAL YEAR.
Assets—
/
INTEREST* OR 1 DIVIDENDS.
1876
500 Ac.
1871
1872 500 Ac.
1870-1
1,000
1870-1
1,000
100 Ac.
1871
1870
1,000
500 Ac.
1872
81,000
1880.
*
Amount
....
....
1982.
$
4,856,247
811,745
AND BONDS.
^"
i
....
....
•
3,763
3,763
Otocago d Northwestern—Common stock
c.
.
Miles Date Size, or
of
of
par
Road. Bonds. Value.
income bonds
Preferred st’ek (7 p.
;
,
great flavor by glTlng Immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
For explanation of column headings,
on first page of tables.
%
1883.
$
bonds, on the
each) in addition to those in the table above, viz.: Appleton exten¬
sion, $116,000, 7s. due 1885; Green Bay extension, $179,000, 7s. due
1885; Beloit A Madison RR., $176,000. 7s, due 1888; Minnesota Valley
RR., $150,000, 7s, due 1908: Plainview, $100,000, 7s, due 1908;
Peninsula Railroad (Mich.), $152,000 7s, due 1898.
RaUroad.equipm’t,Ac 99,185,683 120,073,630 138,015,099 146,093,665
8m A Vds own., cost 2,163,567
1,265,364
768,846
1,161,980
The $10,000,000 debenture bonds were issued to pay for the Chicago
BlllsA acc’ts rec’vable
1,550,232 St. Paul Minneapolis A Omaha stock; the sinking fund for these bonds
783,992
663,641
2,361,234
Materials, fuel, Ac...
1,223,043 is $200,000 per year from May, 1888, if they can be redeemed at 105,
1,495,113
564,715
1,028,764
3,048,965
555,200
Cash on hand
382,951
2,969,732
New common stock for $14,757,500 to .purchase control of the Iowa
Ill. A Iowa coal lands
680,578
503,119
944,132 leased roads was issued July, 1884, as per circular in V. 38, p. 508.
Cash due on st’k subs
1,129,215
In June, 1884. the new issue of $6,000,000 5 per cent debenture bonds
Miscellaneous items..
255,06i
232,736
417,660
was authorized, of which $1,966,500 went for the purchase of Blair
roads and the balance to be used for improvements as required.
Any
Total assets
103,313,644 125,636.593 146,554,663 154,022,017 future mortgage on the property of thq company owned at date of these
Liabilities—
$
15.404,261 20,404,261
Stock, preferred
12,404,483 14,401,483
Bonds (See Supplm’t) 67,172,000 79.059,000
All other dues A acc’ts
2,067,165
3,899,002
2,279,836
Unpaid pay-rolls, Ac.
1,048,541
Stock, common
Land department—
Advances
Income account
—
...
27,904,261 30,904,261
16,447,483 16,540,983
89,635,500 96,272,000
1,711,099
4,943,872
1,732,687
2,216,630
1,781,907
1,787,509
873,911
t3,619,408
5,079,080
Total liabilities...103,313,644 125,636,593 146,554,663
154,022,017
4,343,283
5,593,011
t $3,550,974 of income balance applied towards payment for 71,019
shares common stock taken by shareholder's at par.
—XV. 38, p 29, 60,114,129, 147, 347, 356, 678, 705, 764; V. 39, p. 21,
47, 84, 324, 363. 381; V. 40, p. 195, 213 J
Chicago Sc Northwestern.—Line of Road—The Chicago A North'
western operates 3,763 miles of its own roads and controls 1,150 miles of
the Chic. St. P. Minn. & Omaha; total controlled, 4,913 miles. The mileage
is too extended for enumeration, and could only be shown clearly by a
map. The main line from Chicago to East Omaha, Iowa, is 492 miles,
and this forms practically the southern boundary of the whole system,
the company having nothing to the south of that line, with the excep¬
tion of a few insignificant branches. At the end of the fiscal year, May
31, 1884, the Chic. A Northwestern mileage was made up in the annual
report as follows;Wisconsin Division, 555 miles; Galena Division, 324
miles; Iowa Division, 679 miles; No. Iowa Division, 370 miles; Madison
Division, 467 miles; Peninsula Division, 376 miles; Winona A St. Peter
Division, 448 miles; Dakota Division, 542 miles; total, 3,763 miles. In
July, 1884, the Blair roads, previously leased,were acquired by purchase,
but this increased the mileage operated only by 418 miles of the 906.
Organization, Ac.—The Chicago St Paul A Fond-du-Lac Railroad,
which was a consolidation of several roads, was sold in foreclosure
June 2,1859, and the Chicago A Northwestern Railway was organized
as its successor.
In 1864 the company absorbed the Dixon Rock. A
Kenosha, the Gal. A Chic. Union and the Peninsular RR. of Michigan,
and has since absorbed by consolidation a large number of other roads,
including those which were operated as “proprietary ro*ads,” and this
process will go on till all those roads are absorbed into the main company.
In December, 1882, a controlling interest was acquired in the stock oi
the Chic. St. Paul Minneapolis A Omaha Co. by the purchase of 53,800
shares of preferred and 93,200 shares of com. stock.
In July, 1884, the leased lines in Iowa (Blair roads) were aoquired,
and the result is stated in the annual report as follows:
The total cost of the properties is $27,875,100, subject to such slight
Ohanges as may come from adjustments of small items of account,
remnants of-rights of way, Ac., and will be represented by the
Amoimt of bonds and obligations assumed
$11,149,600
Amount of Chicago A Northwestern Railway Co. 5 per cent
25 years debenture bonds, at par.
1,968,000
Amount of Chicago A Northwestern Railway Co. common
stook
14,757,500
for the whole 906-39 miles of railroad and the bridge property; the
average cost will be at the rate of $14,472 per mile in bonds and obli¬
gations and $16,281 per mile in common stock; total, $30,753 per mile.”
The fiscal year ends May 31. The annual meeting is held early in June.
Stock and Bonds.—Preferred stock has prior right to 7 per cent;
then common entitled to 7; then preferred has a further prior right to
3 per cent; then common to 3; then both classes share. But the pre¬
ferred stock has not yet received more than 8 per cent in any year,
against 7 per cent paid on the common. Dividends since 187.") (prior to
the current year) have been: In 1876, 2*$ onpref.; in 1877,3ha on pref.;
in 1878, 7 on pref. and 5 on com.; in 1879, 7 on pref. and 5 on com.;
in 1880. 7 on pref. and 6 on com.; in 1881, 7 on pref. and 6 on com.; in
1882, 7% on pref. and 7 on com.; in 1883 and 1884, 7 on com. and 8 on
pref.
Prices of stock since 1877 have been as follows: Common in 1878,
“
321s®5514; in 1879, 49«s®94^; in 18*0, 87*9® 130; in 1881. 117® 136;
in 1882, 124® 150%; in 1883.115%® 140*8; in 1884, 81^® 124; in 1885,
to Feb. 20, 8438®9o. |Pref. in 1678, 59%®79*a; in 1879,76^8® 108 ;
bonds, shall include them.
Land Grant.—The lands of the company have been acquired by the
purchase of the Winona A St. Peter and other roads that have been
consolidated. The Commissioners’ report for 1883-84 showed that the
total consideration for the lands and lots so’d in that year amounted to
$734,756. Total cash receipts were $706,784. The statement of amounts
secured to be paid to the company by outstanding contracts of sale in
force at the end of the fiscal year snowed a total of $1,111,919.
TABLE OF LAND GRANT LAND8 FOR YEAR ENDING MAY 31, 1884.
Lands unsold May
Acres under
contract.
Name of grant.
Minnesota
May, 1884
349,308
38,593
Michigan
Wisconsin
31,1884.
685,577
461,847
308,723
2,185
c
Lands un¬
sold May
31,188i3.
784,532
485,677
320,125
Total
390,086
1 ,*456.147
1.590.334
Operations, Finances, Ac.—The Chicago A Northwestern Railway
has pursued the policy of extending rapidly its lines, including those
reaching far west to Dakota, and since 1879 has raised its money in
great part by the sale of 5 per cent bonds. The stock has not been
rapidly increased (until recently by the issue of new stock for stocks of
proprietary roads) and a large nominal surplus has been rolled up in
the balance sheet; (see article in the Chronicle, V. 39 p. 142.)
In the Chronicle of Feb 21,1885, on page 226. an article was pub¬
lished analyzing with much detail the company’s gross and net earnings
for seven months from June 1 to Dec. 31,1884.
The latest annual report (1883-84) was in the Chronicle, V. 39, p.
155, and comments were made upon it on pages 142 and 170.
The following were the earnings, expenses, Ac., for all lines operated:
ROAD AND EQUIPMENT.
1880-81.
1881-82.
1882-83.
oper’d.
2,778
3,278
3,584
3,763
Locomotives
Pas.,mail A ex.c’rs
Freight cars
All other cars....
476
327
558
365
578
424
639
449
16,072
17,932
18,089
20,100
274
353
394
435
Tot. miles
*
1883-84.
OPERATIONS AND FISCAL RESULTS.
1880-81.
Operations—
Pass’gers carried. 4,482,317
Pass’ger mileage. 164,333,508
1881-82.
lo82-83.
1883-84
7,968,560
8,623,483
6,754,717
205,574,178 248,856,303 256,386,389
2*40 cts.
Ratep. pass. p.m.
2-53 cts.
2*52 cts.
2'46 cts.
8,453,994
Fr’ght(tns) mov’d 6,662,112
8.190,893
7,874,665
Fr’ght(tns) mil’ge980,522,774 1192,188,039 1183,829,358 1350,173,773
Av.rato
1-47 cts.
p.ton p.m
Earnings—
Passenger
1-47 cts.
$
17,677,866
1,189.687
23,684,656
24,081,835
25,020,624
446,202
3,574,419
1,786,140
6,756,517
522,558
3,372,994
2,322,099
7,758.638
618,785
3,590,917
2,418,297
8,429,121
672,621
10,425,821
8,908,251
12,639,634
11,045.022
14,072,516
10,009,319
15,140,956
9,879,668
Tot.gross earns. 19,334,072
Expenses—
Maint’nce of way')
Ac.
Tr ansp’n A miscel
cars,
Taxes
Total
Net earnings
P.c. op.ex.to earn.
•
$
6,153,071
1,067,867
5,171,423
17,525,134
988,099
14,414,151
Mail, express, Ac.
761,791
“
1-31 cts
$
6,119,616
16,894,352
4,151,130
Freight
1-42 cts.
C
£ 9,979,619 <
53-92
53-37
58'44
60-51
INCOME ACCOUNT.
1S80-81.
Receipts—
Net earnings
Disbursements—
Rentals paid
Interest on debt.
$
8,908,251
$
1,384,732
3,647,897
1881-82.
$
11,045,022
$
1,569,618
3,999,208
1882-83.
$
10,009,319
$
1,570,948
4,288,633
1883-84.
$
9,879,668
$
1,568,704
4,527,235
Subscribers will eonffer a
DESCRIPTION.
explanation of column
•
"i
on
first page
of tables.
Miles
Size, or
of
Par
Chicago <& Northwestern—(Continued)—
Rochester & No. Minnesota, 1st mortgage
Chic. Mil. A N. W., construction bonds
Chicago A Tomah, 1st mort., guar
24
80
bonds of 1909 (for $6,000,000)
Ottumwa C.F.A St.P., 1st M.. guar.($25,000 p.m.)
Des Moines & Minneapolis RR. 1st mort. Bonds...
Escanaba A Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
do
1st M., Southeast Div. (for $2,000,000).
Other small issues (see remarks on preced’
....
m
Debenture
Cedar Rapids & Missouri
do
i
.
*«"•
cq
9 @
7*4
98,120
6*a
98,120
Tot.disb’rsem’ts
7.551,022
1,357,229
8.253,583
2,791.439
6
Rate on common.
Balance, surplus..
GENERAL BALANCE
AT CLOSE OF EACH
Assets.
Chic. & N. W. -Road A equip..
do
Other companies
Real estate in Chicago
Bonds owned
Stocks owned
-Land grant investments
Bills and accounts receivable.
500
500
500
500
1,000
3,600,000
500 Ac.
500 Ac.
1,628,000
1871
Consol, sinking fund
1877
1869
1884
1,000Ac
100 Ao.
1,000
100
100
....
1882-83.
1883-84.
2,890,337
8
7
98,120
8,848,038
1,161,281
2,939,469
8
7
83,000
9,118,408
F18CAL YEAR.
761,260
general consol, gold bonds,
Branch
(V. 38, p. 59.)
Island Sc Pacific.—Line of
Road.—Owns from
Atchison, Kan.,
Washington, la., to
Wilton to
and
Audubon,
11*8; Avoca to CarKilns, 5. Leased:
Peoria, 47 miles;
Chicago to Council Bluffs, 500 miles; Davenport. Ia., to
345; Atchison Junction to Leavenworth, Kan., 21*5;
Knoxville, 77*5; South Englewood to South Chicago, 7*5;
Muscatine, 12*5; Newton to Munroe, 17; Des Moines to Indianola
Winterset, 47; Menlo to Guthrie Centre, 14*5; Atlantic to
24*5; Atlantic to Griswold. 14-7; Avoca to Harlan,
son, 17 6; Mt. Zion to Keosauqua, 4*5 ; Wilton to Lime
Cameron, Mo., to Kansas City, 54; Bureau Junction to
Keokuk to Des Moines, 162. Total operated, 1,384 miles.
chartered in
Mississippi River
the Miss, to the Mo. River was built
by the former Mississippi A Missouri RR. of Iowa, which was foreclosed
under mortgage in 1866. The Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Bluffs June, 1869. The Iowa Southern & Missouri Northern
was formerly the Chicago A Southwestern, and was foreclosed and pur¬
chased by this company, and consolidated June, 1880. The present
Chic. R. I. A Pacific was a consolidation June 4,1880, with $50,000,000
stock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. & P. stock. The fiscal year ends March 31, and the annual
Organization—The Chicago A
Illinois Feb. 7, 1851, and opened
July, 1854. The extension from
Rock Island RR. was
from Chicago to the
©lection occurs in June.
dividends were paid
percent; in 1879, 10;
stock; in 1881, 1882, 1883 and
1884, 7. Range of prices of stock was as follows since 1876, viz.: in
1877, 82*3®105*s; in 1878, 983s®122; in 1879, H9®l50*a; in 1880,
to July, 149®204; July to Dec. (new stock) 100*3® 143 ; in 1881, 129
®1485b; in 1882, 1223140*4: in 1883, 116*33127*4; |ln 1884, 100*4®
126%; in 1885 to Feb. 20,105»112*a.
Stock and Bonds.—Prior to the current year
as follows since 1876, viz.: in 1877 and 1878, 8
tn 1880, 8*3 cash and 100 per oent in
i
1%
41,960,000
12,500,000
5,000,000
3,300,000
6,952,543
17,274,550
6
7
5
m, m
# •
....
m
Sept 1, 1908
Nov. 1. 1905
1905
Sept. 1,
Oot. 1,
May 1,
May 1,
1905
1929
1933
1909
Mar. 1, 1909
Feb. 1, 1907
July 1, 1901
Sept. 1, 1907
Nov. 1, 1907
••••■•««
Aug. 1, 1891
Aug. 1, 1894
May, 1916
15,1894
Aug.
1933
Jan. 1, 1923
Jan. 1, 1898
Jan. 1, 1898
March 1,1896
Aug. 1, 1901
Feb.
2, 1885
July 1, 1917
Nov., 1899
July 1, 1934
• •
to the junction with Bur. C. R.
the Wisconsin Minnesota A Pac.
own
Pekin, Ill. to
Chartered in
Western, to which
1881-82,
gross earnings were $366,003; net, $120,892.
In 1882-83, gross, $273,879; net, $54,883. In Feb., 1882. receiver appointed, but in July, 1884,
Chicago Rock
m
•
8tocks—Last
Dividend.
AN
Com¬
pany issued by the old Territorial Legislature. The W. M. A P. Co. issues
its bonds running for 50 years, bearing 6 per cent interest, at the rate of
$20,000 per mile. These bonds are deposited by Rook Island with the
United States Trust Ca., and in lieu of them the Rook Island issues its
bonds for an equal amount, but bearing 5 per cent. The difference
in interest as it accumulates is to be invested in Rook Island bonds;
these bonds may be redeemed at 105 after July 1,1894.
Lands.—The sales in 1883-4 amounted to 12,851 acres, for $123,794,
the average price being, therefore, nearly $9 63 per aore. The bills
receivable were (March 31,1884) $1,129,172. The unsold lands of the
company oomprise only about 22,605 acres.
Operations, Finances, Ac.—The company has been very successful
and well managed, and, including scrip dividends, has paid its stock¬
holders handsomely.
The receipts from lands are now practically
gone. The management is secretive and no monthly reports of earn¬
ings are issued.
The annual report for year ending March 31,1884, was in the Chroni¬
cle, V. 38, p. 7o 1.
The mileage, earnings, Ac., for four years ending
Chicago Pekin Sc Southwestern.—Operated from
Mazon Bridge, 111.. 91 miles, of which 6 miles leased.
1859 and opened in 1876. Sold under foreclosure of second mortgage
May 31.1881, and reorganized as Chicago 8t. Louis A
company the property was conveyed January, 1884. For year
discharged.
•
The road from Minneapolis west
line is built under the charter of
$12,000; bonds or sundry proprietary roads, $186,026; Aurora
t Chic. St. P. M. & O. stock, cost, $10,315,659; C. &
bonds, $150,000
N. W. com. stock, $10,006,348 ; pref, 1,334.
JNot including amount in
company’s treasury.
|| Including bonds in sinking funds.
—(V. 38, p. 29, 177, 191, 423, 508, 705, 763; V. 39, p. 71,128,142, 155,
170, 264, 324, 381, 522, 606, 654, 226.)
he was
1,628,320
479,000
1,000,000
100
1881-82.
1882-83.
1883-84.
$76,739,549 $80,420,032 $102.710,425
54,679,521 55,668,872 39,486,916
200,000
200,000
200,000
865,819
2,913,219
*508,026
bonds, $160,000;
1,#00,000
1,000
.
pal.When Due.
and by
A S. New York, Co.’s Office.
do
do
A N.
do
do
A N.
do
do
A S.
do
do
A O.
do
do
A N.
do
do
A N.
do
do
A 8.
do
do
A A.
do
do ■
A J.
do
do
A S.
do
do
A N.
do
do
do
do
F. A A.
do
do
F. A A.
do
do
M. A N.
do
do
F. A A.
do
do
A. A 0.
do
do
J. A J.
do
do
J. A J.
J. A J. U.S. Treas., at maturity
M. A S. New York, Co.’s Offioe.
F. A A. N. Y„ Farm. L. A T. Co.
Q.-F. 55i t Co.’s Office.
do
do
J. A J.
do
do
M. A N.
do
do
J. A J.
7
7
7
7
6
6
6
6
6
7
129,000
1,000
I
,
700,000
582,000
2,332,000
Ac.
Ac.
Ac.
Ao.
120,323.343
73o,000
1,282,033
1,245,918
1,192,626
2,291,340
Materials, fuel, Ao.
2,526,482
2,205,359
Cash on hand
1,760,608
2,710,498
1,964,698
Trustees of sinking fund
•1,321,000
1,730,002
1,525,000
Total
$139,139,871 $147,210,021 $171,051,394
Liabilities.
Stock, common
J $15,095,924 J $16,229,916 $26,617,366
Stock, preferred
J 22,153,119 J 22,323,190
22,325,455
Stocks of propriet’ry roads,Ao
22,883,150 22,463,400 22,550,100
Bonds|| (See Supplement)....
64,248,000 69,821,000 80,391,000
Bonds purchased
366,000
460,000
971.185
1,023,406
1,027,772
Divid’as declared, not yet due
8inMng funds paid
1,321,000
1,525,000
1,730,000
Real estate,mortgages, Ac....
404,774
Current bills, pav-rolls. &o
2,141,311
1,965,653
1,880,317
Uncollected coupons, &o
74,829
80,651
82,668
Rentalsof roadsin Ia.,notdue
439.935
530,364
562,543
407,000
310,000
Bonds unsold
284,000
Note ol Consol. Coal Co
300,000
275,000
689,531
Land income
1,033,565
2,938,675
675,395
675,395
Accrued interest not due
675,430
Miscellaneous
4,098
66,601
Balance income account
8,425,863
9,187,120
7,264,582
Total
$139,139,871 $147,210,021 $171,051,394
*
M.
M.
M.
M.
A.
M.
M.
M.
F.
T.
M.
M.
Where Payable,
Whom.
1
2,586,637
Miscellaneous....
7
6
6
6
5 A 6
5
5
5
7
6
6
6
873,000
1863
1866
1863
1883
1883
1868
582
582
Payable
600,000
720,000
1,042,000
2,000,000
.
1861
102
102
Cent.
1,528.000
1,600,000
14,460,000
10,000,000
4,000,000
1,600,000
-
58
146
82
311
96
1881-82.
'2,420,273
7
Dividends
Rate on pref
m
70
o
Chicago 8t. Louis dk Pittsb.—Common stock
Preferred stock (6 per cent cumulative)
^
When
692.000
1,000
l.OOOAo
1884 l.OODAo
1884
1,000
1882
1,000
1881
1,000
m
Rate per
$200,000
1,000
1880
1879
1883
a
_
Chicago Pekin & Southwestern—1st mort,
),000) 1,384
Chicago Bock Islands Pac.—St’ck (for
636
1st mortgage, coup, or reg..
271
Chic.dc Southw.. IstM.g. (g*d in cur. by C.R.I.AP.)
220
Exten. and collat. bonds ($20,000 p.m.) cp. or reg.
1880-81.
Outstanding
Value.
$....
1878
,
„
V-Phs
Equipment bonds
do
-
1st mort.
1st mort.
Chicago Iowa A Nebraska, mortgage.
Fremont Elkhorn A Mo.Val.,' onsoLbonds
Mo.Y.&Blair RR.Br’ge, 1st, red’ble aft.’93
Sioux City A Pacific, 1st mortgage
do
2d mort. (Gov’t subsidy).
m
64
58
36
River, 1st mort.
do
Amount
..
Milwaukee A Madison. 1st mort., guar
Sink. fd.bds.fl st M. as collateral) ($15,000 p. m.)..
8. f. debenture bonds (for C. St. P. M. & O. stock)
Bonos—±*rmcl-
INTEREST OR DIVIDENDS.
Date
of
Road. Bonds
headings, Ac., see notes
discovered In these Tables.
giving Immediate notice of any error
great flavor by
-r’trr
.7
For
STOCKS AND BONDS.
RAILROAD
1885.]
February,
March 31, have
been as follows:
1880-81.
1,353
Miles owned A oper..
$
Earnings—
Passenger
Freight
Mail,express,r’nts, Ac
.
P.c of op. ex.
to earn.
1881-82.
1,381
$
766,292
3,333,069
7,928,236
928,598
3,313,448
8,056,316
1,165,750
11,956.907
13,266.643
12,189,903
12,535,514
6,630,156
7,322,862
7,109,817
7.298,002
5,326,751
5,943,781
5,080,086
5,237,512
58-33
58*22
1882-83.
$
1883 84.
5,943,781
5,080,086
5,237,512
490,000
13,208
650,000
560,000
470,000
5,854,028
6,606,989
5,640,086
5,707,512
327,593
950,000
304,383
301,121
1,002,350
2,937,186
55-45
$
5,326,751
Total income
Disbursements—
Rentals paid
Interest on
debt
322,137
949,700
7*4
cent
Miscellaneous
Add. and imp.
37,277
2,727,387
Dividends
Rate per
acc’t..
1,384
$
2,853,331
9,687,097
726,215
55*20
INCOME ACCOUNT.
Miscellaneous
From land departm’t
1883-84.
1,381
$
2,500,135
8,690,480
1880-81.
Receipts—
Net earnings
1882-83.
2,285,00*6
1881-82.
$
2,937,186
950,000
2,937.185
7
7
125,327
2,215,000
$
7
147,595
177,784
1,300,000
1,200,000
6,284,224 6,555,106 5,639,143
5.618,441
51.883
def.430,196
943
89,071
29, 202, 678, 752. 761; V. 39, p. 296, 348 ; Y. 40, p. 183.
Total disbursements.
Balance,
surplus
—(V. 38, p.
....
mileage is as follows :
branches—Bradford Juno.,
Ind., Anoka June., Ind., 102 m.;
total operated, 582 miles.
Columbus Chicago
Jan. 11, 1883. The
12,1868, by consolidation of
railroad companies, and was
1, 1869, by which
maintain the road and
equipment, operate it, and pay over to the lessors 30 per cent of the
gross earnings. Also, that the rental should always be equal to the inter¬
est on $15,000,000 first mortgage bonds of the C. C. A I. C. Railway
Company, and $821,000 of the second mortgage bonds of the Col. A
Ind. Railroad Company. After default In 187o and much litigation,
plan of settlement with the Penn. RR. was approved by a majority
of bondholders in 1882 and carried out. This provided that the consoli¬
dated mortgage of the Col. Chic. A Indiana Central Railway Company
should be foreclosed subject to the old sectional mortgages. That the
property thus sold be bought in and the purchasers form a new corpora¬
tion to take the property, with a capital of $10,000,000 in common stock
and $20,000,000 in preferred stock, the latter to be entitled to dividends,
if earned, at the rate of 6 per cent per annum, as declared by the board
of directors, and to be cumulative. That the new corporation issue its
first mortgage bonds for $22,000,000, payable at the end of fifty years,
in gold coin, with interest at the rate of five per cent per annum, Ac.
Common stock of the old company was assessed $5 per share cash, and
share of new stock then given for two of old. There was held by
the Penn. RR. Co. or in its interest on Dec. 31,1883, $11,500,000 of the
mortgage 5 per cent bonds, $11,721,250 of preferred stock and $1,424,250 of common stock.
The first annual report of this company, for the year 1883, was
published in the Chronicle, V. 38, p. 539, to which reference
should be made.
The ratio of expenses to earnings was 81*90 per
cent, as against 86-27 per cent in 1882; but this was partly due
to the polioy adopted of charging to construction account the cost
Chicago St. Louis Sc Pittsburg.—The
Columbus, O., to Indianapolis, Ind., 187 miles;
0.,to Chicago, Ill., 231 in.; Richmond,
to
Peoria Junction, Ind., to Ill. State Line, 61 m.;
This is the reorganization (March 20, 1883,) of the
A Indiana Central road, sold in foreclosure on
C. C. A I. C. company was formed Feb.
the Col. A Ind. Cen. and Chic. A Gt. East,
leased to the Pitts. Cin. A St. Louis Railway Co. Feb.
company it has been operated.
The lease stipulated that the lessees should
a
one
30
RAILROAD
Subscribers will confer
a
Miles
Ac.,
see
of
notes
Date
of
Size,
580
1st M. Chic. & G’t East. (Chic, to Logansport).
117
do
Col. & Ind’polis Cent. (Col. to Ind’s, Ind.)..
208
Union & Logansp’t (U’n City to Logan sp’t)
do
93
do
Cinn. & Chic. Air Line(Richm’d to Logans.)
107
2d M. Col. A Ind’polis Cent. (Coy. to Union City)..
208
Chic. St. Paxil Min'polis & Omaha—Common stock.. 1,280
Preferred stock
1,280
Consol, mortgage ($15,000 per mile)
Chic. St. Paul & Minn., 1st mort., gold, coup
177
North Wisconsin, 1st mortgage
120
8t. P. ASioux City, mort., gold, for $7,000,000
605
St. Paul Stillwater & Taylors’ Falls, 1st mort
23
Hudson A River Falls. 1st mort
12
1883
....
..
....
Minneapolis East RR., 1st mort., guaranteed
Chicago & West. Indiana— 1st mortgage
General mortgage, gold, sinking fund
Chicago A West Michigan—Stock, new
1st mortgage, New Buff, to St. Jo
Gr. Rap.
A Lake Sh., 1st mort. coup....
Newaygo
do
2d M. on 35 m. A 1st on 11 in., coup
General mortgage ($12,000 per mile)
Cincinnati <& Eastern—1st mortgage
Cincinnati Hamilton
Dayton—Stock
Preferred stock for $1,000,000
....
....
....
413
127
35
46
....
86
354
354
60
60
98
2q mort. (now 1st)
Consol, mort. ($996,000 are 7s), sink, fund 1 p. c
Cin. Ham. & I. (Junction) RR., 1st mort., guar
for two years
1882.
were as
....
1880
1878
1880
1879
1878
1878
1879
1879
1882
$
$
1,128,909 1,163,407
Freight
3,636,669 3,781,107
Mail, exp., Ac 357,365 349,406
Oper. Expens.
100
100
1.000
500 Ac.
....
480.000
1,000
576,000
500 &c.
500.000
1865
1875
1.000
1,000
1873
1,000
1883.
$
872,828
715,122
393,648
362,304
Transp’n exp’si,625,265 1,550,52 2
-
4,419,357 4,335,964
703,586
86-27
957,956
81-90
Chicago St. Paul Minneapolis Sc Omaha.—The mileage Is a®
: Eastern Division—Elroy to St. Paul, 196
miles; River Falls
Branch, 12 miles; Stillwater Branch, 4 miles ; South Stillwater Branch,
4 miles; Eau Claire Branch, 3 miles; Neillsville Branch, 14 miles; St.
Paul to Minneapolis, 10 miles.
Northern Division—North Wisconsin
Junction to Bayfield, 178 miles; Ashland Junction to Ashland, 4 miles.
St. Paul A Sioux City Division—St. Paul to Sioux City, 269 miles ; Lake
Crystal to Elmore, 44 miles; Heron Lake to Woodstock, 41 miles; Sioux
Falls June, to Salem, 98 miles; Lawrence to Doou, 26 miles. Nebraska
Division—Covington to Omaha, 126miles; Niobrara Branch, 16 miles;
Missouri River transfer, 2 miles; Norfolk Branch to Emerson, 46 miles;
Wakefield to Hartington, 34 miles.
Chippewa Falls A Superior Linemiles; Eau Claire to Chicago Junction, 80 miles; Superior Junction
to Superior City, 62 miles.
Total owned, 1.275 miles. Proprietary
road, 5 miles.
Total of all, 1,280 miles.
This was a consoli¬
dation July, 1880, of the Chicago St. Paul A Minneapolis
(foimerly West
Wisconsin), the North Wisconsin, and the St. Paul A Sioux City. The
St. Paul A Sioux City was a consolidation in August, 1879, of the St.
Paul & Sioux City and the Sioux City A St. Paul, forming a main line
from St. Paul to Sioux City, 270 miles.
The St. Paul Stillwater &
Taylor’s Falls was consolidated with this company; also the Worthing¬
ton Sioux Falls A Iowa and Covington & Black Hills.
Preferred stock has a prior right to non-cumulative dividend of 7
per
cent from net earnings; but common is never to receive more than is
paid on preferred. The Chic. St. Paul A Minneapolis l st mort. is a 2d
on the lands; the land mort. a 2d on road; but no foreclosure can be
had except by default on 1st
mortgage.
In November, 1882, a controlling interest in the stock was purchased
for the Chicago A Northwestern Railway by the acquisition of
93,200
shares of common at an average price of 48-40, and 53.^00 shares of
preferred at an average of lu4-04—the total cost being $10,503,959,
asset of the Chic. A Northwestern
Company.
Report for 1883 in Chronicle, V. 38, p. 507. The land sales in 1883
were 219,005 acres for $1,43S,644,
including lots; land contracts and
notes on hand Dec. 31,1883, $2,206,493; lands unsold, 639,998 acres.
Earnings, &c., were as follows:
ROAD AND EQUIPMENT.
Miles owned and operated
1881.
1882.
1883.
1,003
1,150
1,280
Earnings—
Passenger
Freight
Mail, express, &c
Total gross
earnings
$944,329
2,913,521
164,111
$1,311,217
3,478,624
172,361
$1,470,558
3,843 948
$4,021,961
$4,962,202
$5,515,284
200,778
INCOME ACCOUNT.
Receipts—
1881.
1882.
1863.
Net earnings
Net from land grants
Other receipts
$1,245,499
504,144
$1,721,415
546,825
78,585
6 44
Total income
Disbursem ents—
Rentals paid
Interest on debt
Dividends on preferred stock
Rate of dividend
Loss on prop, roads
$1,828,228
$2,268,884
$2,439,234
$53,059
$27,736
1,014,530
735,397
(7)
$35,564
1,068,747
$1,891,457
547,777
....
893,536
672,737
(7)
770,476
(7)
1-2,357
$1,619,332 $1,777,663 $1,887,144
$208,896
$491,221
$552,900
; V. 39, p. 409, 624.)
Chicago Sc Western Indiana.—Owns from Dolton and Ham¬
mond, Ill., to Chicago, with a belt railroad and branches, with ware¬
houses, elevator, Ac., 49 miles of road and 129 miles of track in all,
lncludiug second track and sidings, and about 400 acres of real estate.
This company leases its road for right of way into Chicago and terminal
facilities therein to the Wabash, the Gr. Trunk of Canada, the Chicago A
East. Illinois, the Chic. & Atl. and Louisv. New Albany A Chic,
roads;
the annual rental0 amount to $666,450, exceeding the interest
charge by
$132,650. In 1882 a consolidation with the 8. Chic. A West. Ind. RR.
and the Western Ind. Beit road was made with stock of $5,000,000 and
Bonds—Princi
pal,When Due,
Where Payable and by
Stocks—Last
g.
g.
g.
J.
M.
J.
A.
J.
J.
J.
M.
&
&
&
&
q.
-
F.
M.
J.
J.
J.
J.
A
&
&
&
A
&
&
&
&
A. A
1*4
7
6 & 7
7
&
Whom.
Dividend.
N. Y., Union Trust Co.
do
do
do
do
do
D.
N.
J.
O.
J.
J.
J.
N. N.
1893 A ’95
Nov., 1904
Dec., 1905
Aug. 1, 1890
Nov., 1904
New York, Office
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan. 20, 1885
June 1. 1930
Y., Drexel, M. A Co.
Nov. i, 1919
Dec. 1, 1932
Feb. 16, 1885
Sept. 1889
do
m.
April 1, 1932
do
do
do
do
do
A.
May 1,
Jan. 1,
April 1,
Jan. 1,
July 1,
Jan. 1,
do
Boston.
S. Bost..
J.
D.
D.
J.
O.
Q.-J.
Treasurer’s office.
N. Y. Union Trust Co.
do
do
Sardinia, 0, Receiver.
Cincinnati, O.
do
J. A J. N.
A. A O.
J. A J.
do
do
.
1909
July 1, 1891
June 1, 1905
1921
July 1, 1896
Nov. 1,
1884
Jan., 1885
do
Y., Winslow, L. & Co.
1918
1930
1919
1908
1908
Jan. 20, 1885
do
do
Oct., 1905
Jan., 1903
bonds limited to $10,500,000; the bonds are liable to be redeemed
after 1885 at 105 by a sinking fund, which is provided for
by increased
rentals to be paid for that purpose.
(V. 40, p. 181.)
Chicago Sc West Michigan.—Owns from Lacrosse, Mich., to
Pentwater, Mich., 209 miles; branches—Holland Junction to Allegan,
23 miles; Holland to White Cloud, 70 miles;
Fruitport to Muskegon,
10 miles; Kirk’s Junction to Pickand’s Junction, 3
miles; Muskegon
to Port Sherman, 6 miles; Woodville to
Muskegon River, 17 miles;
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; White
River Junction to Baldwin, 20 miles; total
operated, 413 miles. Organ¬
ized as successors of Chicago & Michigan Lake Shore Jan. 1,1879, and
consolidated in Sept., 1881, with the Grand Haven road, 57 miles,
Muskegon to Allegan, and the Grand Rapids Newaygo A Lake Shore, 46miles, from Grand Rapids to White Cloud.
The annual report was in V. 38, p. 477, and the
comparative statistics
for three years were as follows:
1881.
367
Total miles operated
Earnings—
Passenger
Freight
Mail, express, Ac
$
877,936
45,688
Total gross earnings..
expenses
1,325,052
Operating
1,054,980
1882.
410
413
$
458,949
995,674
48,810
1,026,938
57,107
1,503.433’
1,047,788
1,550,098
1,185,224
INCOME ACCOUNT.
Receipts—
1883.
$
466;053
Net earnings
Other receipts
$
270,072
2,325
$
455,645
7,068
$
364,874
Total income
Disbursements—
Interest on debt
Dividends
272,397
$
117,756
462,713
$
191,423
153,580
372,433
$
217,024
184,506
345,003
117,710
def. 29,097
Total disbursements..
117,756
Balance, surplus
-(V. 38, p. 477.)
154,641
7,559
401,530
Cincinnati Sc Eastern.—Cincinnati to Ottawa. O., 87 miles, and
branch to Richmond, 12 miles. Leases Columbus & Maysville road,
20
miles. New arrangement made by a syndicate in 1883, but road went
into receiver’s hands, and in Oct., 1883. the receiver was authorized to
issue $250,000 certificates to complete the road to Portsmouth. In
1881-82 gross earnings were $95,850; net.$22,747. There is a 2d mort¬
gage on main line, $259,5o0, due 1890; a 3d mortgage of $704,000, and
a mort. of $86,000 on branch, due 190S.
(V. 40, p. 120.)
Cincinnati Hamilton Sc
Dayton.—Owns from Cincinnati, O.,
Dayton, O., 60 miles; leased—Dayton & Michigan, Dayton to
Toledo, 142 miles; Cincinnati Hamilton & Indianapolis, Hamilton to
Indianapolis, 99 miles; Cincinnati Richmond & Chicago. Hamilton, O.,
to Indiana State line (and leased road), 44 miles; McComb Toledo &
D., 9 miles: total operated, 354 miles; each lease reported separately.
In April, 1882, Mr. Jewett, of the Erie, and associates, obtained
control of the stock by guaranteeing 6 per cent on 20,()00 shares which
were purchased and deposited in trust and trust certificates issued there¬
for; the guarantee is to make up any deficiency in 6 her cent dividends
on those shares after the application of net income thereto.
In August,
1882, the issue of $1,000,000 preferred stock was voted for improve¬
ments. The annual report for 1883-84 was in V. 38. p. 737, and V.
39,
p. 21. For six months from April 1 to October 1, 1864, the following
to
report is made:
Earnings
Expenses
$1,466,350
937,099
Net earning3
Interest and guaranteed
surplus
surplus
This
Total disbursements
Balance surplus
—(V. 38. p. 285, 332, 507, 539
3,500,000
449,000
450,000
2,430,000
1,800,000
....
follows
as an
30.500
100
g.
8
8
7
5
7
3
2,701,000
.
.
Q.-j.
I1*
1,000
1,000
ik
6,796,800
75,000
2,500,000
1,000
1,000
A. & O.
Various
J. & J.
A. A O.
F. |<fc A.
M. A N.
6,396 6 '6
125.000
....
...
5 g.
7
7
7
7
7
6
6
6
6
7
8
7
6
6
800,000
6,080,000
334,800
....
Motive power.1,293,030 1,459.685
Gen’l & taxes. 234,586
248,331
which stock is held
22,0®7,700
13,283,500
11,222,000
3,000,000
1,000
1,000
Maint. way, Ac
Maint.of equip.
Total
5,122,943 5,293,920
Total
Net earnings
Per cent of operating expenses to earnings
—(V. 38, p. 177,358, 539.)
780,000
....
....
1882.
Pay’ble
....
....
1869
1871
1875
1881
.
When
Cent.
....
1864
.
Outstanding
$1,000 $13,385,000
224,000
1,000
2,631,000
715,000
10®,500
follows:
1883.
Earnings—
Passenger
fVoL. XL.
Rate per
....
1864
1865
.
Amount
Value.
of improvements and additions made since your company assumed con¬
trol of the property and which, imder the administration of the receivers
of the C. C. & I. C. Railway, had been charged to expenses.”
The full interest charge per year is about $1,000,000.
expenses
BOKDS.
INTEREST OR DIVIDENDS.
or
par
•
Road. Bonds
Chicago St. Louis <t Pittsburg—(Continued) —
1st mortgage, gold ($22,000,000)
Earnings and
AND
great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
For explanation of column headings,
on first page of tables.
STOCKS
was
$529,251
dividends
331,168
$195,084
sufficient to pay’ the semi-annual dividend of 3 per
(which takes $105,090) and le tve a surplus
cent on the common stock
of
$90,083 for the half-year.
Income account in the fiscal
years ending March 3 L was as follows,
including all the roads operated:
1880-81.
Gross
receipts
$2,882,300
Operating expenses. $1,895,300
Taxes, &c
80,022
C. H. & D. div
Interest
D. A M. dividends...
Profit and loss
18S1-S2.
$2,961,446
$2,031,664
83,002
188 .’-83.
$3,088,407
$2,014,907
85,119
l-83-84.
$3,042,461
$1,994,766
88,939
750
.26,482
509,840
132,015
5,735
6,880
450
$2,799,750
$2,751,778
$2,758,229
Net surplus
$176,554
$161,696
(V. 38, p. 73 7; V. 39, p. 21, 208, 493.)
$336,629
$284,232
Other items
Total
579,315
132,902
539.516
3,710
14,500
132,164
3,318
10,086
$2,705,751
512,096
132,015
RAILROAD
February, 1865. J
Subscribers will confer a great
favor by giving
Immediate notice of any error discovered In tbese
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
Miles
Date
of
Size, or
Par
Amount
of
explanation of column headings, &c., see notes
Outstanding
Road. Bonds Value.
on first page of tables.
Cincinnati Indianap. St. Louis <£
Ind. & Cin. of 1858,1st mort
Chicago—Stock..
Indianapolis Cin. & Laf. mortgage
Cin. & Ind., 1st mortgage...
do
2d M., guar., and funded coupons
Consol, mort. (for $7,500,000)
Cincinnati Lafayette & Chicago, 1st mort., gold ..
Cincinnati <& Muskingum Valley— 1st mortgage
Cincinnati Rew Orleans & Texas Pacific— Stock
Cincinnati Northern.—1st, gold, mortgage
Cin. Richmond <6 Chic.—1st mort., guar. C. H. &D..
2d mortgage, guar, and owned by C. H. & D
Cin. Richmond <£ Ft. IT.—1st mort., gold, guar
Cincinnati Sandusky cC Cleveland—Stock
Preferred stock
Mortgage bonds, Sandusky, Dayton
Mortgage bonds, Sandusky City &
& Cincinnati
Ind
2dmortg. Cine., Sandusky & Cleve
Cincinnati <6 Springfield—1st mortgage, guar
2d
mortgage
Cincinnati Wabash dt Michigan—Stock ($3,000,000)
Cincinnati Washington <6 Balt.—Common stock
Preferred stock
1st mort.
31
STOCKS AND BONDS.
gold (the 4^8 are’guar. by B. &
2d mortgage, gold
Prior lien, gold
3d mort., gold (3 pr. ct. for 10 years and
1st income mort., non-cumulative, gold
2d income mort., non-cumulative
O)
1
4 after).
$100
1858
500 &c.
1867
1862
1867
1880
1871
1870
1,000
1,000
1880
1866
1869
1871
1,000
1,000
1,000
1.000
1,000
1,000
1,000
100
1.000
50
50
1866
1852
1867
1871
1872
$7,000,000
1,599,000
2,790,000
499,000
1,329,000
1,202,000
1,120,000
1,500.000
3,000,000
1,000,000
560,000
65,000
1.800,000
4,003,330
428.850
625,000
350,000
1,072,300
1,000
1,000
Too
100
2,000,000
651,000
1883
1883
1,000
3,040,000
1,000
1,000
1,000
1,000
500,000
2,270,000
3,500,000
Cincinnati Indianapolis St. Louis & Chicago.—(See Uap.)Lafayette., Ind., 174 miles; Lawrenceburg branch,
Smiles; Harrison branch (partly owned), 7 miles; Fairland F. & M.
Road, 38 miles; and Cincinnati Lafayette & Chicago (leased), 76 miles;
Vernon Green. & Rush., 41 miles (lleased); Kankakee<feSeneca (one-half
owned), 43 miles; Col. Hope & Green., 26 miles; total operated, 411 miles.
Owns from Cm. to
This company was formerly the Indianapolis Cin. & Laf., which was a
consolidation in 1876 of the Indianapolis & Cin. and the Laf. & Indianap¬
olis railroads, the company taking a perpetual lease of the Cincinnati
& Indiana Railroad. On August 1, 1876, a receiver was appointed
and the road was sold in foreclosure Feb. 2, 1880, and this company
1*2
7
1
7
7
7
6
7 g.
7
3
6 g.
7
7
7 g.
2
3
6
7
7
7
7
Where
pal,^When Due.
Payable, and by
Whom.
Payable
Ntocfcs—Last
Dividend.
New York.
April 16, 1883
Oct., 1888
& 0. N. Y., Amer. Ex. Bank.
Feb., 1897
do
do
& A.
Dec., 1892
do
do
& D.
do
do
Jan., 1887 .’92
& J
do
do
May 1, 1920
& N.
Mch., 1901
& 8. N. Y., Am. Ex cli. N. Bk.
Jan., 1901
& J. New York, Moran Bros.
Feb. 5, 1883
Oct. 1, 1920
& 0. N. Y., Geo. W. Ballou.
July, 1895
& J. N. Y., Winslow, L.&Co.
Jan. 1, 1889
do
do
& J.
.Time, 1921
& D. N.Y., Winslow, L. & Co.
May 1, 1884
& N.
Boston, Office.
Nov. 1, 1884
do
do
& N.
& A. Boston, Nat. Revere Bk. Aug. 1, 1900
Mch., 1887
Boston, Office.
& 8.
Dec. 1, 1890
do
do
& D.
Q.—J.
A.
F.
J.
J.
M.
M.
J.
■
A.
J.
J.
J.
M.
M.
F.
M.
J.
A. & O.
J. & J.
N.
Y., U. 8. Trust Co.
do
do
13,535,903
7,500,000 41sg& 6g M. & N. N.Y.,Farm’s’ L.&
1,000
1883
1883
Cent.
When
April 1, 1901
1902
1.945,530
6,854,096
1883
1883
Rate per
Tables*
Bonds—Princi¬
4,000.000
5 g-
4^g.
3-4
5
5
J. & J.
A. & 0.
F. & A.
.
•
•
•
Ohio, to Dayton, Ohio, 154 miles;
do
do
do
do
do
Tr.Co.
do
do
do
do
do
Nov. 1,
Nov.
1931
1, 1931
April 1, 1893
1931
Nov. 1,
Nov. I,
Nov. 1,
1931
1931
branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield & Cincinnati, 44 miles; total operated, 214
miles, less the division between Springfield & Dayton, 24 miles, which is
Indian¬
funded from June, 1877,
preferred stock
after
leased to and operated by the Cleveland Columbus Cincinnati &
apolis. Six coupons on 2d mort. bonds were
and $222,064 in coupon bond scrip is outstanding.
The
has a lien by deposit of old bonds in trust.
The Receiver,
a
three years’ possession of the property, was
In Anril, 1881, a lease was made to the Indiana Bloomington & Western.
discharged January 1880.
takes 3313 per cent of its gross
By the terms of the lease this company
rental; but the amount in any one year shall not be less
than $220,000 nor more than $500,000. In Nov., 1882, a dividend
of 2 per cent cash and 10 per cent in the stock of the Columbus Springfield & Cincinnati RR. was declared.
In year ending June 3 >,1884,
rentals received and miscellaneous reoeipts were $289,576. Pavinents,
including all expenses, interest, dividends oa preferred stock, and 2
per cent on common stock, were $300,913.
earnings as
Of the $7,500,000 new bonds $6,885,000 was reserved, into
bonds prior to the Indianap. Cin. & Laf. 7s of 1869
could be exchanged at par.
In July, 1881, $2,000,000 new stock was sold to stockholders at 70,
an dproceeds used to extinguish floating debt and for other purposes.
In June, 1882, another issue of $1,000,000 new stock was voted. After
Cincinnati Sc Springfield.—Operates from Cincinnati, Ohio, to
paying dividends of 6 per cent in 1881, 6 in 1882, and 3 in 1883, the
dividends from July, 1883, were passed, the money being required for Dayton, Ohio, 80 miles, of which 33 miles were leased from other
compauies. The whole is leased and operated by Cleveland Col. Cin.
repairs of damages by flood, &c.
For six months from July 1 to Dec. 31, 1884, gross earnings and & Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
miscellaneous receipts were $1,374,167, against $1 359,414 in 1883; tion. Lessees apply any excess over rentals to C. & S. stock. Interest
is guaranteed on the first mortgage, one-half by the lessees and one-half
surplus over interest, etc., $212,174, ngainst $171,243 in 1883.
The President’s annual report for year ending June 30, 1884, was in by L. Shore & Mich. Southern. Stock is $1,100,000. To January. 1834,
the C. C. C. & I. had advanced $2,423,160.
Gross earningi in 1883,
V. 39, p. 263, and the statistics of income, &o., on p. 296.
$947,253; net, $L90.177; rentals paid. $179,905; interest on debt,
INCOME ACCOUNT.
1883-84 $L85,220; total, $365,125; deficit, $174,497; deficit in 1882. $279,020.
1882-83.
1881-82.
1880-81.
Cincinnati Wabasli Sc Michigan Railway.—Owns from
$
$
$
$
Receipts—
903,190 Benton Harbor, Mich., to Anderson, IncC, 165 miles. Sold Nov. 5, 1879,
973,652
1,000,609
961,490
Net earnings
New company organized April, 1880.
for account of bondholders.
$
$
$
$
Disbursements—
626,233 Total stock authorized. $3,000,000. Gross earnings for 1882, $290,920 ;
591.326
621,159
565,909
Interest on bonds
net, $79,589. Gross in 1883, $334,774; net, $26,074. J. H. Wade,
315,000
360,000
180,000
Dividends
President, Cleveland, Ohio. (V. 38, p. 424.)
(4*2 p. c.)
(6 p. c.)
Rate of dividends..
(4^2 p. c.)
5,254
Cincinnati Washington Sc Raltimore.—Cincinnati, O., to
2,342
6,732
6,894
Miscellaneous
Belpre, O.. 193 miles; branches- Marietta to Belpre, 11 miles; Ports¬
631,487 mouth to Hamden. 55 m ; Blanchester to Hillsboro, 22 in.; total, 281 m.
938,501
958,058
752,803
Tot. disbursem’ts
The Marietta & Cincinnati was a co nsolidation in 1851 of the Belpre
271.703
35.151
42,551
208,687
Balance ,surplus...
& Cincinnati and the Franklin & Ohio River roads, and afterward
39, p. 463 , 296, 461, 493, 580, 707; V. 40, p.
—(V. 38, p. 261, 508
absorbed the Hillsboro & Cincinnati and the Scioto Valley. The Cincin¬
92, 213.)
nati & Baltimore (into Cincinnati), ana the Baltimore Short Line (main
Cincinnati Sc Muskingum Valley.—Owns from Morrow, O., to line to Belpre) were leased,and on the reorganization have been consoli¬
Dresden Junction, O., 148 miles. Chartered as Cinn. Wilrn. & Zaues.
dated. The Marietta & Cincinnati Co. made default, and the road was
in 1851 and opened in 1857. Sold under foreclosure Oct. 17, 1863, and placed in the hands of Mr. John King, Jr., of the Baltimore & Ohio,
reorganized as Cincinnati & Zanesville March 11, 1864. Sold again as receiver, June 27, 1877, and a foreclosure suit was begun. The sale
Dec. 10,1869, and reorganized as at present. Leased for 99 years from
in foreclosure took place Dec. 9, 1882, and re-organization was made
Jan. 1,1873, to P. C. & St. Louis, lessees to pay all expenses and inter¬ Feb. 7, 1883, under name of “Cincinnati Washington & Baltimore.”
est. any excess of earnings to inure to the lessors.
The company had run behind largely in its income, partly owing to the
Gross earnings m
1882, $386,740; net, $86,864; in 1883, gross earnings, $334,050; not, fact that large rentals and interest were paid to the Cincinnati & Balti¬
more and the Baltimore Short Line, in which companies Baltimore Sc
$566; interest paid, $105,000; deficit advanced by lessee, $104,433
Total amount due lessee Dec. 31, 1883, $815,594.
Capital stock, Ohio parties were interested. The total yearly charges were about
$3,997,320.
$1,400,000, and by the reorganization are reduced to about $700,000.
Cincinnati New Orleans Sc Texas Pacific.—(See Map). —This is The three old mortgages on different roads given in the last three lines
the company organized under the laws of Ohio Oct. 8,1881, to operate of the table above were allowed to remain; then prior lien bonds were
the Cincinnati Southern, and 51 per cent of the stock is held by the Eng¬ issued for receiver’s certificates. Of the first mortgage bonds, $1,250.lish company, the Alabama New Orleans & Texas Pacific Junction Co., 000 were issued for the Cincinnati & Baltimore Railroad stock, and bear
Limited. The Cincinnati Southern road extends from Cincinnati to 6 per cent, the balance 4^3 per cent, and these are guaranteed
Chattanooga, Tenn., 336 miles.
The rental due the Cincinnati by the Baltimore & Ohio Railroad Company. The income bondholders
Southern is $812,000 per year till 1886, then $912,000 till 1891, will be entitled to one vote at all meetings of stockholders for
$1,012,000 till 1896, $1,102,000 till 1901, and $1,262,000 till 1906. every one hundred dollars held. The holders of Marietta & Cincinnati
For 1882, gross earnings, $2,570,057;
net, $991,131; dividend in first preferred stock paid a cash assessment of $2 50 per share; 2d pre¬
Feb., 1883, $90,000. In 1883 gross earnings $2,596,191: net, $ 867,101: ferred, $L 50 per share; common, $150 per share. The Baltimore Sc
deficit after paying rental and all expenses, $13,7 21. John 8cott, Presi¬ Ohio RR. Co. received for its claims $3,100,000 of the new preferred
stock and $3,100,000 of the common of the new company.
dent, Cincinnati. (V. 38, p. 260 ; V. 39, p. 348; V. 40, p. 240.)
The annual meeting was held in April, 1884, and the following direeCincinnati Northern.—Dayton. O., to Cincinnati, 60 miles. Con¬ tors elected: Orland Smith, George Hoadly, James D Lehmer, Josiah
necting line of the Toledo Delphos & Burlington, and in March, 1883. L. Keck and Wm W. Peabody, of Cincinnati; Wm. T. McCiintick, of
consolidation with the Toledo Cincinnati & St. Louis was voted, and
Chillicothe.; Robert Garrett and John Carroll Walsh, of Baltimore, and
after that company defaulted an attempt was made to get a separate Edward R. Bacon, of New York.
Gen. Orland Smith was elected Pres’t.
receiver for Cincinnati Northern. There are also $L,000,000 of income
The Marietta & Cincinnati was an expensive road to operate, even
bonds, and an authorized issue of $1,000,000 mortgage bonds on the without including the rentals. A liberal allowano< should probably be
Avondale branch, of which $700,000 are outstanding.
The coupons made for expenditures in putting the road in better condition during
of 1st mortgage bonds from Oct., 1882, to Sept., 1884, inclusive, were
receivership.
to be funded into a o per cent scrip. Stock, $1,000,000.
(V. 39, p. 22.) the
The fixed charges of the company are about $700,000 per year. In the
Cincinnati Richmond. Sc Chicago.—Owns from Hamilton, O., year 1883 earnings and income were as follows:
Operating expenses.
Earnings.
to Indiana State Line, 37 miles; leased, Richmond, Ind., to Ohio State
Mainten’nce of way, <fcc.
$308,967
$562,881 Maintenance
Line, 7 miles; total operated, 44 miles. Reorganized May 3, 1866, Passenger
of equip’t
460,673
1,177,131
and leased in perpetuity from February, 1869, to Cincinnati Hamilton Freight
Transportat’n expenses
545,511
249,805 Taxes
& Dayton Co., this company to receive all surplus after expenses and Mai!, express, &c
and rente
90,193
bond interest. Gross earnings in 1882-33, $254,003; net. $109,844;
81,478
General
int., $53,900; ourp., $55,944. Grossin 1883-4, $247,911; net,$86,256;
int., $43,120; surplus, $43,068. Capital stock, $382,600.
Total earnings
Total expenses
$1,489,820
$1,989,867
Cincinnati Richmond Sc Fort Wayne.—Owns from Rich¬
$500,042
mond, Ind., to Adams, Ind., 86 miles; leased, 8 miles of Pittsburg Net earnings
74'87
Fort Wayne & Chicago; total operated, 91 miles. Leased for 99 years Per cent of expenses to earnings
INCOME ACCOUNT.
to Grand Rapids & Indiana, the
rental being net earnings; in¬
$500,042
terest is guaranteed by the lessees and by the Pennsylvania Company Net earnings
Interest on debt
673,690
and Cincinnati Hamilton & Dayton Company, jointly. Gross earninsrs
in 1883, $426,848; net, $89,261. Loss to guarantors, $73,222. Capital
Balance, deficit
|$173,648
stock, $1,709,192. Total advances by guarantors, $805,925.
38. p. 60, 455, 677 ; V. 39, p. 96.)
Cincinnati Sandusky Sc Cleveland.—Owns from Sandusky, -(V.
organized.
which all of the old
39
RAILROAD STOCKS AND
BONDS.
[Vol. xl.
CmM."J
Sycamore
,
MAP OF THE
CINCINNATI,
INDIANAPOLIS,
ST. LOUIS & CHICAGO
RAILWAY & CONNECTIONS.
ABSRATOINLCODKSD.
1F8ebru5a.y],
[Vol. XL.
discovered in these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles
Date 8ize, or
of
Par
of
Road. Bonds Value.
explanation of column headings, &c., see notes
on first page of tables.
Cincinnati Washington <£- Baltimore—(Continued) Baltimore, Short Line mortgage
Cincinnati & Baltimore mortgage
Scioto & Hocking Valley mortgage
fllf.inelf1M.fi. Ale.rnn.ee Onh/.niht/.s—Stook
Cleveland Columbus Cincinnati <6 Ind.—Stock
1869
1852
144
391
202
mortgage Bel. & Ind
1st
BONDS.
AND
by giving immediate notice of anyjerror
Subscribers will confer a great favor
For
STOCKS
RAILROAD
34
390
do
C. C., C. & I. sinking fund
Cons, mortgage (sink, fund 1 p. c.)
General mortgage, gold (for $12.000,000)
Cleveland Lorain <& wheeling—Stock, common
390
158
158
158
127
67
67
35
99
Stock, preferred
Olevel’nd Tuscarawas Val. & Wheeling 1st mort.
Cleveland <£ Mahoning Valley—Stock
1st mortgage, extended
•.
3d niortg. (now 2d)
2
Niles & New Lisbon, 1st mortgage
Cleveland <£ Marietta.—Stock
1st mortgage
Cleveland <6 Pittsburg—Quaranteed stock
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Cleveland Youngs. & Pitts.—1st M.,g.,for $1,600,000
Colebrookdale—1st mortgage
Colorado Central—1st mortgage, new
Columbia <£• Qreenville—New mort.,g’ld,coup, or reg
2d mortgage
Columbia «£ Port Deposit—1st mortgage
....
13
323
164
164
40
Outstanding
$1,000
$750,000
1,000
500,000
Too
4,000,000
14,991,600
319,000
3,000,000
Rate per
Cent.
7
7
7
300.000
100
1864
1,000
1869
1874
1884
1,000
1,000
Where Payable, and by
Payable
Whom.
J~. & D. N. Y., Farm.Ln.&Tr.Co.
F.
J.
7
M.
7
7 or 6 g. J.
6 g- J.
&
&
&
&
J.
N.
D.
J.
1,5o0,000
A.
M.
F.
M.
J.
&
&
&
&
&
O.
N.
A.
8.
J.
<& A.
do
do
do
do
do
do
J. & J.
M. & N.
2
3,997,000
1,000
When
N. Y., U. S. Trust Co.
do
do
do
do
New York or London.
New York.
Bonds—Prinoi
pal. When Due
Stoclcs—Last
Dividend.
Dec. 1, 1904
Jan. 1, 1900
May 1. 1896
Feb.
1, 1883
Until 1899
May, 1899
1, 1914
June
Jan.
1, 1934
1,000,000
4,600,000
•,.OB
1862
1867
1873
1881
1868
1879
1881
1881
1868
500 &e.
500 &c.
500 &c.
7 g.
7
7
654,600
500,000
1,547,000
1,000,000
11,222,550
1,096.000
*
50
500
7
6
7
7
6 g.
2,351.000
1,000
1,000
1,000
1,764,000
(?)
600,000
lOO&c.
1,000
1,000
1,000
1,000
5%
2,759,200
740,500
50
....
1873
1876
1870
7
700,000
1878
1880
226
199
199
Amount
c
6
7 g.
6 g.
6
7
4,701,000
2,000,000
1,000,000
1,882,000
N.Y.. Union Trust Co.
Cleveland, Office.
N. Y., U. S. Trust Co.
Oct. 1, 1898
1884
Aug. 1, 1893
Sept. 15, 1896
N. Y., Union Trust Co.
Jan., 1890
do
do
F. & A. N.Y., Winslow, L. & Co.
Q.-M. N. Y., Farm. L. & T. Co.
do
do
J. & J.
do
do
M. A N.
do
do
J. & J.
J. <fe J. N. Y., Central Trust Co.
J. & D. Phila.. Phil. & R. Olfice.
J. & J. Boston, Treas.’s Office.
J. & J. N.Y., Nat: Park Bank.
do
do
A. & O.
F. & A.
Phila., Penn. RR.
Aug. 1, 1905
Mar. 1, 1885
Jan., 1892
Nov.
Jan.
1,
1.
1900
1913
July 1, 1921
June 1,
1898
July, 1909
1,
Jan.
1916
April 1, 1923
Feb. 1.
1896
Cleveland Lorain Sc Wheeling.—Owns from Lorain, O., to
Columbus.—Owns from Hudson, 0., to
Default was made July, 1874, by Cleve¬ West Wueeliug, O., 158 miles. Cnartereil as Lake Shore & Tuscarawas
land Mount Vernon & Delaware. Sold in foreclosure August 20, 1881.
Valley in 1870 and opeued in 1873. Sold under foreclosure Jau. 26,
In March, 1882, the decree of foreclosure under which sale had been 1875, and reorganized as Cleveland Tuscarawas Valley & Wheeling.
In
made was reversed, and road was sold again June 7 to parties represent¬ February, 1882, receiver appointed in a suit under the mortgage of
ing the Holland bondholders and company reorganized without bonds. 1878, and in February, 1883, road sold and reorganized as Cleveland
Gross earnings in 1881-82, $469,929; net, $77,214. Gross in ls83, Lorain & Wheeling. The new company has no bonded debt except the
$700,000 in table above. For 10*3 months to Dec. 31, 1883, gross
$523,983; net, $117,319.
earnings were $938,461; net $366,286; interest, $49,000.
Cleveland Columbus Cincinnati Sc Indianapolis.—Owns
Cleveland Sc Mahoning Valley.—Owns from Cleveland, O.,
from Cleveland, O., to Columbus, O., 138 miles; Galion,O., to Indian¬
apolis, Ind.* 203 miles; Delaware, O., to Springfield, O., 50 miles; to Sharon, Pa., 81 mites; Niles, O., to New Lisbon. O., and branches,
leased, Cincinnati & Springfield RR., 80 miles; Levering Station to 46mile8; total operated, 127 miles. It was leased to Atlantic & Great
Mount Gilead, 2 miles; Ind. & St. Louis RR, Indianapolis to Terre Western in perpetuity from October 1, 1861. A new lease was made
Haute, 72 miles; St. L Al. & T. H., East St. Louis to Terre Haute, 189 to the reorganized company. New York Pennsylvania & Ohio, till Oct.
miles; Alton branch, 4 miles; total owned, leased and operated, 738 1,1962, at $357,180 per year till January, 1835, and $412,180 per year
miles. This was a consolidation in April, 1868, embracing the C. C. & C. afterward.
and the Bellefontaine roads; subsequently leased Cinn.'& Spring. RR.
Cleveland Sc Marietta.—Operated from Marietta, O., to Canaand St. L. Al. & T. H. RR., and purchased Ind. & St. L. RR.
Dover and branch, 99 miles.
This company was organized as suc¬
The company paid dividends prior to 1877, but after that the cessor of the Marietta Cleveland & Pitts., which was foreclosed June 13,
large decline in rates for through freight and the heavy rentals paid 1877. In Aug., 1834, interest was not paid, owing to failure of C. K.
reduced the company’s income so that no further dividends were paid Garrison.
Receiver was aopointe l February, 1885.
Earnings for
until February, 1880, and none after that till February, 1883. In 1882 1833-84, $223,763; net. $37,369.
Earnings iu 1882-83, $197,466; net,
the company acquired control of the Indianapolis & St. Louis, and made $47,387. R. C. Livingston, Pres’t, N.Y. City. (V. 40, p. 240.)
Cleveland
Akron
Sc
Columbus, O., 144 miles.
a new lease of the St. Louis Alton & Terre Haute Railroad.
The report
said: “ The principal changes are that your company becomes a .joint
lessee with the Indianapolis & St. Louis Railway Co., and jointly liable
for the rent to be paid." * * * "Under the new lease the rent guar¬
anteed is $450,Ooo, and that amount is all that is to be paid-unless the
gross earnings exceed $1,750,000, and then but 20 per cent is to be paid
of the excess of gross earnings over $1,750,000." The sinking fund
provision of consolidated bonds may be canceled at option of holders,
and the bonds so stamped.
The anuual report for 1883 was in the Chronicle, V. 38, p. 385, and
contained the following, the tables including the C. C. C. & I. only:
4
There has been advanced during the year to the Ind. & St. Louis Ry.
and to the receiver of the Ind. & St. Louis Railroad to provide for out¬
lays in carrying forward the plan of this company, a total sum of
$1,109,797. There has been advanced to the Cinn. & Spring. Railway
during the year $88,281 for improvements; and the deficit in operating
in 1883 was $174,947, making the total sum advauced $263,228.
The expenditures made during the year upon the main line on account
of additions wi re $382,710. The bonded debt of the company has been
increased $930,000." * * *
The further action of vour board has been to order the preparation
“
“
a new general mortgage of the Clev. Col. Ciu. & Ind. Rv , in amount
$12,000,000, to include and ultimately retire all the outstanding mort¬
of
and thus yielding about four and one-half million dollars of bonds
provision for the present and future requirements of the railway in
gages,
as a
its development and additions to its real estate."
Gross earnings from Jan. 1 to Sept. 30, 1884,were
$2,787,349, against
$3,238,137 in 1883; net, $702,523. against $987,301 in 1883.
OPERATIONS AND FISCAL RESULTS.
1881.
1880.
Operations—
391
Miles owned
391
1882.
391
»
1883.
391
Passengers carried...
858,791
899,330
1,035,764
976,4o*8
Passenger mileage... 40,363,416 41,689,179 44,759,982 43,548,617
Rate $ pass. $ mile
2139 cts.
2*159 cts.
2 235 cts.
.2*217 cts.
Freight (tons) moved
2,441,643
2,880,923
2,755,867
2,527,993
Freight (tone) mil’ge.420,482,919 480,723,710 447,411,484 408,436,350
Av.rate $ ton $ mile
0*706 cts.
0*751 cts.
0*792 cts.
0 671 cts.
Eai'nings—
$
$
$
$
.
Passenger
Freight
Mail, express, &C..
Total
..
operat’g expen.
Netearnings
899,918
3,225,356
165,076
3,159,417
178,788
3,068.717
178,697
2,976,625
2,967,169
2,963,778
3,018,382
1,361,483
1,323,181
1,374,697
1,194,725
146,451
1,000,270
INCOME ACCOUNT.
1880.
1881.
1882.
Receipts—
$
Netearnings
1,361,483
$
1,323,181
1,374,697
Rentals and interest.
Miscellaneous
Total income
Disbursements—
Interest on debt
Taxes
Dividends
Miscellaneous
Total disbursem’ts.
965,693
863,448
3,328,209
102,406
123,405
,
86,271
32,240
$
103,125
94.305
$202,291. This sum has been charged against construc¬
tion, meeting the old balance of uet earnings—$390,138—credited to
of directors is
construction in the year
1830."
Operations and earnings for three years (ending December 31) were as
follows:
Years.
1881
18*<2
1883
Freight (ton)
Passenger
Mileage.
Miles.
Mileage.
22,265,486
226
226
226
Gross
Net
Dlv.
Earnings. Earnings, p.c.
211,190,606 $3,112,021 $1,507,131
7
215,901,749
3.353.363
1,734,467
7
7
228,440,527
3,349,424
l,60o,381
23.234,059
24,071,544
—(V. 38, p. 87.)
Cleveland Youngstown Sc Pittsburg.—Narrow-gauge road in
progress from Southington, O., to .Steubenville, O., 100 miles, and 32
miles branches. Seventh-five miles finished to Dec. 31. 1883. E irnings
in 1832-83, $43,435; net, $17,372.
In March, 1884. Robert Martin, of
Steubenville, O.. was appointed receiver, and a sale in foreclosure was
afterward order 'd
Henry W. Ford, President, 5 Cortlaudt St., New
York.
(V. 38, p. 29 4.)
^
Colebrookdale.—Owns
«
from
Pottstown. Pa., to Barto,
miles. Leased for 20 years from Jau. 1,1870, to Philadelphia &
at 30 per cent of gross earnings.
Gross earnings in 1832-83,
uet earnings (30 per cent rental), $18,381.
Gross in 188J-82,
net, $17,309.
Pa.,
13
Reading,
$61,270;
$57,698
;
Capital stock, $297,215.
Columbia Sc Greenville (S. C.)—Th' company owns from
Columbia to Greenville, S. C., 143 miles; o.auches to Abbeville and
Anderson.21 miles; total, 164 miles. Also owns Laurens RR., 31 miles;
and leases Blue Ridge RR., 32 miles, and Spartanburg Union A Col. RR.,
69 miles. Total operated, 296 miles. In 1878 a Receiver took possession
of the Greenville
Columbia and the road was sold in foreclosure ApHl
15, 1880, and reorganization was made under
stock, $1,000,000; common stock, $1,000,000;
this uame; preferred
all in $100 shares.
A majority of the stock is held by the Richmond
West Pt. renniual
1883.
Co. The gross earnings on all lines in 1832-83 were $83 *,375; uet,
$
$299,108; interest, $202,650; rental, $50,000. In 1883 84, gross earn¬
1,194,725 ings, $640,720;
net, $ 90,676; interest and rentals, $199,733; deficit,
129,497
165,531
1,587,294
1,441,692
1,572,127
1,489,753
440,492
118,188
(5) 749,540
16,437
475,218
112,688
498,615
121,276
268
12,313
507,453
125,144
(2) 299,984
26,995
1,324.657
588,174
632,204
959,576
939,923
530,177
262,637
853,518
—(V. 38, p. 261, 293. *331. 374,*385. 424. 447, 764 ; V. 39. D. 47. 580,
732.)
Balance, surplus
Cleveland Sc Pittsburg.—Owns from Cleveland, O., to Roch¬
ester, Pa., 124 miles; branches—Bayard, O., to New Philadelphia, 31
miles; Yellow Creek to Beliaire,43 miles; leased, Rochester to Pittsburg
(P. Ft. W. & C.), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dec. 1, 1871, to Penn. RR. Co., and lease trans:
ferred to Penn. Co. May 1, 1872. Reutal, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees assuming all lia¬
bilities. The terms of the lease were 10 per cent, but the old stock was
subsequently converted into a 7 per cent stock by an increase iu amount.
In 1882 surplus income over charges to lessee was $474,951. This
company’s annual report for the year ending November 30, 1832, stated
that final settlement had been made with the Pennsylvania Railroad
Company in the matter of surplus assets remaining to this company, as
of the date of the lea^e, after closing its business, which surplus accrued
to the lessee by the terms of the supplementary agreement of November
30,1871. “The total amount transferred as authorized by the board
$9,056.
(V. 38,
p.
2 02; V. 39, p. 297.)
Colorado Central—(See Map of Union Pacific)—Wyoming bound¬
ary line to Denvei, 132 miles, and Julesburg to La Salle, 151 miles; leases
9 miles in Wyoming to Hazard ; total standard gauge owned and
operated, 292 miles; Golden to Georgetown (narrow gauge) 23 miles,
aud Forks of Creek to Central, 11 miles; total narrow-gausre, 39
miles; total operated, 330 miles. Chartered in 1865, and main line
opened in 1870. It is owned by the Uniou Pacific. The uew mortgage
bond was issued t:* take up the old 8 per cent bonds, of which $37,000
are yet out.
Stock, $6,230,300. Gross earnings in 1833, $1,543,556;
net, $553,898.
Columbia
Port Deposit,
Sc Port Deposit.—Owns from Columbia, Pa., to
Md., 40 miles. Leased to and operated by Pennsylvania
;
Subscribers will confer a great
\
•
discovered in tltese Tables
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
Pai
of
Road. Bonds Value.
Columbus Hocking Valley & Toledo—Stock
Consol, mortgage, gold (for $14,500*000)
1st mortgage, sinking fund bonds
2d mortgage bonds
Columbus A Toledo, 1st mortgage coupon, s. f:...
do
2d mortgage coupon, s. f
Ohio & W. Va., 1st M. (s. f. $15,000 begins in ’86)
Columbus Springfield <£ Cincinnati—1st
Columbus & Western— 1st mort. (end. by
,
Columbus <£ Xenia—Stock
mort
Cent. Ga.)
1st mortgage
Concord—Stock
Concord & Claremont—Bonds
Concord <£ Portsmoulti—Stock, guaranteed
Connecticut Central—1st mortgage, cp. orreg
Connecticut & Passumpsic—Stock
180-324.
i
favor by giving immediate notice of any error
explanation of column headings, Ac., see notes
on first page of tables.
Mortgage bonds
*..
Massawippi st’k, guar, same div. as Conn. A Pass.
do
bonds, guar, by Conn. & Pass
Newport A Riehford bonds, guar, by C. & P
Connecticut Rivet—Stock
Connecting (Phila.)—1st mortgage
Connotton Valley- Consolidated mortgage
Consolidated RR. of Vermont—1st mortgage
Mortgage bond (Vt. & Canada)
Missisquoi Railroad bonds
Coming Coivanesque <£ Antrim—Debenture bonds..
Cumberland <£ Pennsylvania— 1st mortgage
2d mortgage,
BONDS.
AND
\
I
j
DESCRIPTION.
For
STOCKS
RAILROAD
February, 1885. J
sinking fimd, (guaranteed)
324
324
121
121
118
118
83
1881
1867
1872
1875
1880
1880
45
1871
1,000
60
55
55
142
71
41
29
147
110
37
37
22
80
1881
1,000
7
161
185
73
....
78
38
38
Amount
1,000
1.000
50
1860
1,000
50
....
....
1875
....
1873
...
500 Ac.
100
500 Ac.
100
100 Ac.
100
1,000
1,000
1870
1881
100
....
1864
1882
1883
1879
1871
1983
1866
1868
1,000
1,000
100 Ac.
1,000
1,000
1,000
180-32.
Where
Payable and by
Whom.
422,000
1,584,000
7
1,000,000
677,000
7
2
7
5
7
1,786,200
302,000
1,500,000
500,000
350,000
325,000
2,244,400
3^3
7
213
1,500,000
•
7
400,000
2*3
400.000
350,000
6 g.
5
4
2,370,000
991,000
6,359,000
7,000,000
500,000
1,250,000
803,500
429,000
Stocks—Last
Dividend.
Jan.
5 g7
7
7
7
7
50,000
500 Ac.
When
Payable
2*3
$100 $10,316,500
8,000,000
500 Ac.
1,401,000
1.000
777,000
1,000
2,474,000
1,000
....
1874
Rate per
Cent.
Outstanding
Princi¬
pal,When Due-
6
5 A 6
5
5
7
6
6
6
M. A
A. A
J. A
F. A
M. A
M. A
M. A
J. A
S. N.
O.
Y., Winslow, L. A Co.
J.
do
do
do
do
do
do
do
do
A.
do
S.
do
N.
S. Bost.,3 Merchants’ Row
N. Y., Nat. City B’k.
J.
Columbus Treasury.
Q.-M.
M. A S. N. Y., Am. Exch. N. B’k
M. A N. Bost.AManchester.N.H.
J. A J. Bost., Treasurer’s office
J. A J. Bost.AManchester.N.H.
New York City.
A. A O.
F. A A. Boston, 95 Milk Street.
do
A. A 0.
do
F. A A.
do
J. A J.
do
J. A J.
J. A J. Boston, Springfield, Ac.
M. A S. Phila., Penn. RR. Office.
M. A N.
Boston, Co.’s Office.
Boston Office.
J. A J.
A. A O.
J. A J. St. Albans. W. C. Smith.
M. A N. Phila. F. I. T. A S. D. Co.
M. A S. N.Y., Consol.Coal Office
do
do
M. A N.
10, 1883
Sept. 1, 1931
Oet. 1,
Jan. 1,
Aug. 1,
1897
1892
1905
Sept. 1, 1900
May 1, 1910
Sept. 1, 1901
Jan. 1, 1911
Dec. 10, 1884
1, 1890
Sept.
Nov. 1, 1884
1894
Dec. 27, 1884
Oct. 1, 1895
Feb. 2, 1885
April 1, 1893
Feb.
Jan.
Jan.
Jan.
2.
1885
1, 1890
1, 1911
1, 1885
1900-’l-’2-’3-’4
May 1, 1922
July 1, 1913
Oct., 1909
Jan.
May
1891
1, 1898
1.
March
1,1891
May 1. 1888
Rental, net earnings. Net earnings in 1883. paid to lessors. rental is $25,000 a-year, which gives 7 per cent a year to present stock¬
holders. There is no debt.
$46,907.
Capital stock, $497,100; funded debt, $1,88*2,000, and lloatConnecticut Central.—Owns from East Hartford, Ct., to Massa¬
ing debt (coupons), $722,470.
Columbus flocking Valley Sc Toledo.—Owns main line chusetts State Line, 20 miles; branch from Melrose to West Street, Ct., 7
mil's; total operated, 28 miles. Leased to New York & New England RR.
from Toledo to Pomeroy, 257 miles; branches—Logan to Athens, 26;
for 15 years from June 1, 1880, the rental to be net earnings, but never
Logan to Straitsville, 13; Straitsville to Nelsonville, 17; others, 11; total,
to exceed 6 per cent per year on stock. Capital stoek, $ 448,500. Funded
324 miles.
This was a consolidation in July. 1881, of the Columbus & Hock¬ debt, $325,000. all owned by New York & New England Railroad. In
ending Sept. 30, 1833, gross earnings, $98,409; deficit, $6,666;
ing Valley, Columbus A Toledo, and Ohio & West Virginia. The stocks year
of those companies were purchased and new consolidated stoek for fixed charges. $19,494. (V. 40, p. 181.)
Connecticut Sc Passumpsic.—Owns from White River Junction
$20,000,000 made, of which the above was issued. Of the consolidated
mortgage $6,500,000 is reserved to meet the prior liens. The Central Vt.., to Canada Line, 110 miles; leased, Massawippi Valley and branch
Trust Co. of New York is trustee.
(Canada), 37 miles; total operated, 147 miles. The lease of Massawippi
Prior to the consolidation the Columbus A Hocking Valley had 112 Railroad is at 6 per cent on bonds and same dividends as are paid on
miles of road, $2,500,000 debt and $2,400,000 stock. It had paid regu¬ the stock of the lessee. Fiscal year ends June 30. Abstract of last
lar dividends of 8 per cent for a number of years, with a small surplus report in V. 37, p. 266. Operations and earnings for four years past
balance. The first dividend on the consolidated stoek was that of 2*3 were as follows:
RR. Co.
per cent paid in January, 1883;
Statement of earnings, income,
Ac., for three years is as follows:
railroad
Gross earnings
Operating expenses
Miles of
Net
18s2.
324*00
*
1883.
32 4 00
$2,519,794 $2,886,437 $2,779,3^2
1,329,137
earnings
Ratio of expenses to
Interest on bonds
Interest on debt
Rentals
1881.
322*50
earnings
.
Balance—credit
1,752,734
$1,190,657 $1,133,703 $1,123,812
59 56
52*75
60*12
$366*060
$866,060
$620,887
35,725
12,650
27,597
22,623
23,337
22,787
237,092
533,783
216,465
GENERAL BALANCE SHEET DECEMBER
$14,415,848
Cost of road.:
Equipment
Real estate and build’g
Stocks and bonds
Materials and fuel
Docks
and terminal
1,655 569
31, 1883.
Capital stock
3,370,950 Funded uebt
315,165 Bills payable
8,009,919
237,797
property, Toledo ...
Car& locomotive tr’sts
503,044
Bills and accounts....
Cash on hand
152,468
29,998
927,899
Current accounts
Other liabilities
Lease war’ts (car t’sts)
Bond interest accrued
$10,316,500
14,658,000
410,329
226,828
142 625
927,899
133,333
10,470
Coupons not presented
Profit and loss
1,167,104
Total liabilities....
$27,993,038
Total assets
$27,998,088
—(V. 38, p. 114, 295; V.30, p. 493.)
Columbus Springfield. Sc Cincinnati.—Owns from Columbus,
Ohio, to Springfield, Ohio, 44 miles. Leased with Cincimiati Sandusky
A Cleveland to
Indiana Bloomington & Western, May 1,1381, for 3313
•f the
over minimum,
if any,
on 33*3 basis,
this company
takes
centexcess
earnings, with
guarantee
of $80,000
as minimum.
8er
of gross
Freight (ton)
Gross
Net
Div.
Mileage.
Mileage.
Earnings. Earnings, p.c.
6,117,700 19,726,662 $774,146 $311,165
5
7,198,586 22,589,950
6
851,749
303 845
270,969
8,365,277 22,792,090
884,851
6
837,940
1833-84
8,060,667 23,281,523
299,150
6
Connecticut River.—Owns from Springfield, Mass., to South Ver¬
non, Vt., 50 miles; branches, 6 miles; leased Ashuelot
RR., 8outh
Vernon, Vt., to Keene. N. H., 24 miles; total operated. 80 miles. Fiscal
year ends September 30.
Net income, 1891-82, $252,418; 1882-83.
$264,266; 1883-4, $257,509. Pays 8 per cent dividends on stock ana
has no funded debt. (V. 39, p. 522.)
Years.
...
...
...
Passenger
Miles.
147
147
147
147
Connecting (Philadelphia)*—Owns from Mantua Junction to
Pa., 7 miles.
A connecting link in Philadel¬
phia to the West and South. Operated by Pennsylvania Railroad.
Frankford Junction,
Rental, 6 per cent on capital stock, $1,278,300; and interest on funded
debt, $991,000. The bonds are issued in series ABC and D, maturing
respectively in 19O0-’l, ’2, ’3 and ’4.
Connotton
Valley.—Owns from Cleveland to Sherrodsville, 103
miles; Canton to Coshocton, 55; Oneida to Minerva, 3; total, 161
This includes the Connotton Valley & Straitsville. In February, 1882,
new arrangements were made.
($7,000,000 authorized) in two
different in that the first take 5
per cent until May, 1895, and then 6 per cent. All the old 7 per cents,
except $69,000. and all the Con. & Straitsville bonds, except $78,000,
were retired. Preferred stock issued is $885,850; common stook, $5,000,000.
Default was made May, 1882, on old bonds and Nov., 1882, on
consol, mortgage, and receiver was appointed January, 1384. Pro¬
posed plan of adjustment in V. 38, p. 3^0. Net earnings in 1884,
$62,627; in 1883, net. $31,924. Francis Bartlett. President. Boston.
—(V. 38. p. 87, 114, 202, 229, 261^350, 540, 678, 738 ; V. 39, p. 296; V.
the company became embarrassed and
The consolidated mortgage was issued
series, of 5 and 6 per cent bonds, only
Cleveland four-fifths. Capital 40, p. 15i.)
$1,000,000.
Consolidated Railroad of Vermont.—Road owned—Windsor,
Columbus Sc Western.—Owns from Opelika to Good water, Ala.
Vt., to Burlington, Vt., 120 miles; Essex Junction to Rouse’s Point, 65;
60 miles, and Columbus to Opelika, 29 miles—total 89 miles.
The 8wanton to State line, 10; total, J 85 miles. Leased—Addison RR., 16
Savannah A Memphis RR. was foreclosed June .5, 1880, and this Com¬ miles; M ntpelier A White River RR., 6; Montreal & Vt. Junction RR.,
pany organized. Extension was in progress from Goodwater to Birming¬ 26; Rutland RR., 120; Stan. 8. A Ch. RR., 43 ; Vermont A Mass., 21 ;
ham, Ala
Total owned,
The bonds are endorsed by Cen. RR. of Georgia. Gross New London No., 100; Brat. A Whitehall RR., 36.
earnings in 1881-82, $144,744; net $20,609. Gross in 1882-3, $176, 70; leased and operated, 517 miles. In August, 1884, secured control of the
net, $60,96 '; interest paid, $61,990. Stock, $1,750,000. W. G. Raoul, OgdensburgA Lake Cliamplaiu RR.
This is the title of the corporation formed on the reorganization of the
President, Savannah.
Columbus Sc Xenia.—Owns from Columbus, Ohio, to Xenia, Ohio, Central Vermont and Vermont A Canada companies in 18*3. On July
55 miles. Is operated as a division of the Little Miami, and is leased 1,1884, the old receivership was finally closed by order of Court and
for 99 years in connection with that road to the Pittsburg Cincinnati A the transfer made to the consol, of Vermont, which leased all its roads
St. Louis, which pays 8 per cent on stock and provides for the bonds. in perpetuity to the Central Vermont KR. Co. The holders of the first
The lease is guaranteed by the Pennsylvania Railroad Company. The and second mortgage bonds tiled articles of association with the Secretary
of State ol' Vermont on April 24, 1883, for organizing the new company.
Columbus & Xenia pays 8% per cent dividend per annum.
one-lifth and Cincinnati Sandusky A
stock, $1,000,000, and bonds,
Concord.—Owns from Concord, N. H., to Nashua,N. H., 35 miles;
Manchester A North Weare, 19 miles; Hookset Branch, 7 miles; leased—
Concord & Portsmouth, 41 miles; Suncook Valley, 20 miles; Nashua
Acton A Boston, 20 miles; total operated, 142 miles. The company had
ioint operating contracts with the Boston & Lowell part of the year.
Fiscal year ends March 31. Operations, earnings, and income over ren¬
tals, &c.. for tour years past were:
Preferred stock is $750,000, with preference of 6 per cent per annum
if earned; common stock, $350,00 ).
(See scheme of reorganization in
V. 35, p. 125.) The Central Vermont, which operated
this
in 1883, reported earnings on 417 nnles as $2,823,578 gross and
all
$ri51,400 net;
39, p. 208.)
rent of leased lines
mileage
$347,500. (V. 38, p. 114,635; V.
Corning Cowanesque Sc Antrim.—Owns from Corning, N. Y.,
Gross
Net
Div. to Antrim, Pa., 53 miles; branch, Lawrenceville to Harrison Valley,
Consolidation (January, 1873)
Years.
Miles.
Mileage '
Mileage.
Earnings. Earnings, p. c. Pa., 32; total operated, 85 miles.
142
13,118,217 30,295,384
$955,000 $362,608 10 of the Blossburg A Corning RR. and the WeUshoro RR. June 1, 1874.
21 499,671
142
31,976,137 1,258.419
471,208
10 the Cowanesque Valley RR. was absorbed. These lines are leased to ana
142
26,396,541 35,972,719
1,317,879
430.317 10 operated by the Fall Brook Coal Co., together with 7 miles owned.
142
15,954,088 36,088,256 * 1,142,893
476,190 10 Rental paid—6 per cent on bonds, 6 per cent on common stock and 7
Concord Sc Claremont. Owns from Concord to Claremont, per cent on preferred stock; dividends paid quarterly, March 31, Ac.
Stock—common, $1,500,000, and preferred, $500,000. The coal line of
N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H..
Phila. & Reading and N. Y. Central is over the road of this company,
15 miles; total operated. 71 miles. Consolidation of several small roads which
jointly guarantees the bonds of the Jersey Shore Pine Creek A
in 1873. Fiscal year ends Match 31. Gross earnings in 1882-83, $152,Buffalo road. Earnings in 1882-3, $650,^29; net, $116,901; loss to
259; net earnings, $44,103. Capital stock, $410,900. Floating debt,
lessee, $26,848. George J. Magee, Brest., Watkins, N. Y.
$254,245.
Cumberland Sc Pennsylvania.-Owns from Cumberland, Md.,
to
Copeord Sc Portsmouth.—Owns from Portsmouth, N. H.,
The road was sold to first mort¬ to Piedmont, Md., and several branches, 55 miles. It is owned and
Manchester N. H.. 40*3 miles.
Passenger
Freight (ton)
...
gage
...
...
..
bondholders in 1857, and leased to Concord RR. in 1858.
Lease
operated by Consolidation Coal Co., which guaianttes
second mortgage
ft-
RAILROAD STOCKS
36
DESCRIPTION.
on
18-342.
first page of
1st mortgage
2d mortgage,
sinking fund guaranteed
36Lj
33
1st and 2d mortgages
Consolidated mortgage
General mortgage
Danv.Olneydk O.Riv — 1st (for $1,000,000) cp.or reg.
100
141
141
142
142
32
Dayton d Michigan—Com. stock (3*2 guar.C.H.AD.)
Preferred stock, (8 percent, guar. C. H. A D.) ...
if.’
....
3d mortgage
Consol, mortgage, guar, by C. H. & D
Dayton <& Union—1st mortgage
Income mortgage bonds
Dayton & Western—1st M., guar. L. M. andC. A X.
41
85
85
31
27
Delaware—Stock
Mortgage bonds, convertible, guar. P. W. A B—
Delaware <£ Bound, Brook—Stock, guaranteed
1st mortgage
2d mortgage debenture bonds, reg
|
....
886
Delaware Lackawanna <£• Western—Stock
288
Consol, rnort., on roads & equipm’t, ($10,000,000)
Plain bonds
60
Lackawanna A Bloorasb., 1st mort. (extension)..
Denver dk New Orleans— 1st mortgage
1,679
Denver <£ Rio Or and e—Stock
295
1st mort., gold, sinking fund
1st consol, mortgage ($15,000 per mile)
All.
General mortg., convertible (for $50,000,000)....
Car trusts (mature 10 per cent yearly)
_
*
•
•
•
.
1,515.338
650,000
„
50
1877
1872
1859
....
....
1,000
100 Ac.1
-
1870
1880
1883
370,900
(?)
....
38,000,000 i
1,000
2,500,000
3,624,000
•
Net
Gross
Mileage.
14,048,062
Earnings.
$536,945
Earnings.
$230,199
18,364,654
21,673,134
28,557,701
622,538
689,305
220,429
229,452
793,063
223.044
J.
Phil., Fid. T.T.A.S.D. Co.
Philadelphia.
July 1, 1895
18, 1885
May, 1905
Feb.
F. A A. Phila,,Guar.T.A S D.Co.
M. A N.
Philadelphia.
Q.-J. N. Y., 26 Exchange PL: Jan. 20, 1885
do
M. A S.
do
Sept. 1. 1907
J. A D.
do
do
June, 1892
M. A S.
do
do
March, 1885
....
.
lij
Jan.
1882
Nov. 1, 1900
Jan. I, 1910
Oct. 1, 1913
.
M. A N. N. Y., Compamr’s Office.
J. A J.
do
do
A. A O.
do
do
do
do
7 g.
7
5
8, 7 A 6
•
•
•
Yearly.
•
i
.
1
competitor of the trunk lines between New York and Buffalo.
formerly paid 10 per cent on its
stock, but its numerous railroad leases became onerous, and in the dull
times. 1876 to 1880, no dividends were paid; in 1880 3 per cent was
paid; ill 1881. 6%; in 1882, 1883, and 1884, 8.
The Delaware Lackawanna A Western
r-Div. p. ct.Pref. Com,
10
10
10
10
10
J.
A
a
Operations and
earnings on the main line for four years past were as follows:
Freight (ton)
A
Jan., 1885
April 1, 1904
do
do
April 1, 1908
New York and Danbury Feb. 16, 1885
N. Y., Central Trust Co.
1890-92
do
do
1920
N. Y., Cent. Trust Co.
1925
Boston.
Jan.51, 1910
Cincinnati. C. H.AD.Co. Oct. 1, 1884
N. Y., Winslow, L. A Co.
Jan., 1885
do
do
Oct., 1888
do
do
Jan. 1, 1911
Dec.
N.Y., Am.Exck.Nat.Bk.
1, 1909
After 1910
Jan.
1, 1905
N.Y., Bank of America.
Jan. 2, 1885
Dover, Co.’s Office.
in pamphlet or monthly statements of earnings having been issued. The
road was operated mainly as a coal carrier and distributer till 1882,
when the lino from Binghamton to Buffalo was built an t leased to the
Delaware Lackawanna A Western, and the company entered the field as
Dillsburg & Mechaniesburg RR., 8 miles; Southern Pennsylvania RR.,
21 miles; controlled, Mont Alto RR., 18 miles; total continued and
operated, 141 miles. Owns or leases several factory roads, in all about
43 miles. The stock is owned in large part by Peunsylvania RR. Co.
Miles.
82
82
82
82
A D.
A D.
A J.
Stocks— Last
Dividend.
The Delaware Lackawanna A Western management has furnished little
information concerning its earnings or finances, no annual reports
Cumberland Valley.—Owns from Harrisburg, Pa., to Potomac
River, Md., 82 miles; leased—Martinsburg A Potomac RR., 12 miles;
Years.
1880
1881
1882
1883
Pliila., T. A. Biddle A Co.
Q.-F.
i
Large advances have been made to branch roads.
Phila. and Carlisle. Pa.
J.
J.
J.
J.
•J.
1*2
6,382,500 |
19,740,500
and by
Q.-J.
Q.-J.
....
100
500 Ac.
500 Ac.
Where Payable,
Whom.
pal,^When Due.
A. A 0.
A. A O.
A. A O.
J. A J.
7
6
2
7
7
7
192,000
26,200,000
3.074,000
600,000
When
Payable
Various
J. A J.
J. A J.
A. A O.
J. A J.
A. A O.
2
1,692,000
1,500,000
....
...
8
8
2
7
6
5
7
1-66
2
7
5
7
6
6 A 7
3
6
225,000
173,000
495,000
.
1875
....
.
m
2%
400,000
100,000
150,000
SOI,000
2,402,573
1,211,250
351,000
2,350,000
m
m
Rate per
Cent.
$1,777,850
161,000
109,500
600,000
’70-’72
1880
100
1883
500 Ac.
1880
50
50
1871
1869
1,000
1881
1,000
1879
1,000
1879
1,000
1864
1,000
25
1875
1,000
m
Amount
Outstanding
500 Ac.
500 Ac.
50
100 Ac.
m
36Lj
‘
$50
82
52
52
...
Danbury <£ Norwalk—Stock
'
'
preferred).
Cumberland Valley—Stock ($484,900 is
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles Date
Size, or
of
Par
of
Road. Bonds. Value
tables.
[Vol. XL.
by giving Immediate notice of any error discovered in tbese Tables.
Sob«crlbers will confer a great favor
IN
BONDS.
AND
10
10
10
86%® 1331a; in 18->5, to Feb. 20, 823s® 10078.
The following is a synopsis from the Co.’s income acct. for four years
Danbury &: Norwalk.—Owns from Danbury, Conn., to Wilson,
Pt., South Norwalk, Conn., 26Lj miles; branches to Ridgefield and
Hawley ville, together 10 miles; total operated, 36*2 miles. Dividends
have been irregular. Operations aud earnings for three years past were:
Net
Div.
Gross
Passenger Freight (ton)
Earnings.
Years.
Earnings.
p.c.
Miles.
Mileage.
Mileage.
5
$200,993
$72,990
36Lj 3,698,860 1,330.145
2*2
211,734
61,684
36^ 3,672,023 1,588,830
2^
211,658
85,719
3OLj
1881.
1832.
1883.
1884.
r
$
$
$
$
27,396,526 27,006,267 32,819.603 31,311,992
19,632,662 20,163,078 24,165,864 23,393,178
Operating expenses...
..
7,763,864
..
road is projected from Dan¬
ville, Ill., to Olney, and to the Ohio River, 243 miles, of which L10 miles,
Danville to Olney are in operation; also 20 miles of Chicago & Eastern
Danville Olney Sc Ohio River.—This
Interest and rentals....
Illinois leased. Bonds sold in 1881 at par, with $500 stock given with
each $1,000 bond.
Stock issued, $1,519,400. In Nov., 1882, company
became embarrassed and receiver appointed. Receiver’s certificates,
$500,000, 7s.
For plans of reorganization, &c., Ac., see references
(V. 38, p. 60,177, 379.)
Dayton Sc Michigan.—Owns from Dayton, O., to Toledo, O., 141
Leased May 1, 1863, in perpetuity to the Cincinnati Hamilton &
Dayton. Lease amended January 23.1870. The rental is the interest
and sinking fund of debt, and 8 per cent on preferred stock and 3*2 per
cent on $1,010,000 common. Of the common stock $1,010,000 only is
Company.
were
Line, Ind.’
Del., to
Line), 84 miles; branches, 16 miles; total operated, 100
nules) operated by the Dorchester A
Anne A K. railroads. The Delaware Railroad was
opened 1855-60, and is leased for 21 years from 1876 to the P. W. & B.
Co.; rental 30 per cent of gross earnings, but stock must have 6 per
cent. Gross earnings 1882-83, $614,606; net, $184,382 ; 1883-84, gross,
$637,573; net, $191,272 ; int. and div’ds. $130,590; surplus, $60,681
miles, less two brandies (15
Delaware and Queen
Brook,—Owns from Bound Brook (Cent*
Jersey) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles; total operated, Similes. In connection with Central
Delaware Sc Round
New
of New Jersey and North Pennsylvania forms a line between New
fork and Philadelphia. In May, 1879, the property was leased for
990 years to the Philadelphia A Reading Railroad Compauj'—the lessee
paying interest and 8 per cent on stock after May, 1883. Gross earnings
$668,489; net. $334,462.
In 1882, gross, $693,525;
operates under lease an extended system of roads in New York, Penn¬
sylvania and New Jersey, which requires a map to show the strength of
its location clearly. Owns from Delaware River (N. J. line) to New
A
Bmouisburg was consolidated with tin." como.iu v June 10, i "70.
3,706,79.T
2,096,000
2,805,491
2,096,000
8
8
8
See circular in V. 35, p. 601. Iu 1883 the Construction Co.
$2,286,000 bonds aud $2,540,000 stock pledged
Mercantile Trust Co. on Sept. 20. Jno. Evans, Presi¬
(V. 39, p. 522; V. 40, p. 28.)
gage, issue new bonds to the holders, giving pref. stock for about half of
the coupons aud paying the other part in cash, and to assess the stock
$8 per share. The committee’s estimate of net earnings for 1884 was
and
Chenango A Susquehanna Valley RR., 97 miles; Valley RR., 12 miles;
controlled and operated--Syracuse Binghamton A New York, 81 miles;
leased lines in New Jersey—Chester RR., 10 miles; Morris A Essex, 118
miles; Newark A Bloomfield, 4 miles; Warren RR., 18 miles; Sussex,
30 miles; Passaic & Del., 14; total operated, 886 miles; the Rome &
Clinton, 13 miles, and the Utica Clinton A Binghampton, 31 miles, were
surrendered April, 1883.
In 1882 the important connection to Buffalo, the N. Y. Lack. A West,
was opened, and the road was leased by tiii> company. Tite Lackawanna
3,222,48!
2,096,000
39, p. 620, and the proposal is made to foreclose under the consol, mort¬
net,
York State line. 115 miles; branches—Scranton to Northumberland,
80 miles; Greenville toYVinton, Pa., 8 miles; to Storrs, 3 miles; Junction
to Keyser Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. &
Western RR., 214 miles; Cayuga A Susquehanna
RR., 3 4 miles;
Green RR. 8 miles; Oswego & Syracuse Railroad, 35 miles; Utica
4,205,370
1,768,500
barrassed and default was made on the consolidated mortgage interest
due July 1, 1884, and in July W. S. Jackson was appointed receiver.
The plan of re organization was commented on in the Chronicle, V.
In 1883 gross, $720,654; net, $356,544.
Delaware Lackawanna Sc Western.—This company owns
7,918,813
5,113,322
Denver Sc Rio Grande (3 feet.).—Owns a line from Denver
City, Colorado, via Pueblo, Salida, Guunison, Montrose and Grand
Junction, to the western boundary of Colorado, where it connects
with its leased line, the Denver A Rio Grande Western, to Salt Lake City
and Ogden, making the distance from Donver to Ogden 771 miles, and
from Pueblo to Ogden 651 miles.
Branches extend to Leadville, Dillon,
Red Cliff, Crested Butte, Silver Cliff, Chaffee and Hot Springs; also from
Pueblo to Silverton, via Cuchara, Alamosa and Durango, with branches
to El Moro, Espanola, Del Norte and Wagon Wheel Gap.
The total
operated Jan. 1, 1884, was 1,317 miles of road owned aud 362 miles
leased, making 1,679 miles. On March 30, 1883, connection to Salt
Lake was finished by the Denver A Rio Grande Western, and that road
leased, this company paying 40 per cent of gross earnings as rental, but
guaranteeing the int. on $7,500,000 of 1st mort. bonds when ail issued.
The trust deed of the consolidated mortgage is to Louis II. Meyer and
John A. Stewart, of New York, as trustees.
Of the $30,000,000 bonds
$7,422,200 were to be used in retiring prior issues, and the bonds were
issued at $15,000 per mile. The geueral mortgage of 1883 was issued
for an authorized ^amount of $50,000,000, and enough reserved to retire
all prior bonds.
In 1884, with a large decrease in earnings, the oompany became em¬
Delaware.—Owns from Delaware Junction (P. W. A B.),
1881,
4,946,943
sold by the
dent, Denver.
37 miles. Leased in perpetuity from Jan. 1, 1865, to Little Miami’
and carried with that road in the general lease to the P. C. A St. L. The
lessees are virtual owners and are answerable for all obligations.
$326,334.
8,653,742
3,620,708
became embarrased and
Dayton Sc Union.—Owns from Dodson, Ohio, to Union Cicy, Ind.’
32 miles; leased Dayton to Dodson, 15 miles; total opeiated, 47 miles’
The Greenville & Miami RR. was sold out Oct. 30, 1862.. ind re-organ"
ized as now in Feb, 1863. Operated by trustees since December, 1871*
Capital stock, $86,300. In 1881 gross earnings were $154,761; net*
$26,251. In 1882-3 gross earnings, $144,244 ; net, $37,523.
in
6,843,189
3,558,494
Denver Sc New Orleans.—Projected from Denver, via Pueblo to
the Canadian River, 350 miles, and iu 1882, Denver to Pueblo. 120 miles,
and 13 miles branches, had been completed. Built by a Construction
guaranteed 3*2 by C. H. & D. Profit to lessee in 1883-84, $161,990;
1882-83, $201,251. The lessees hold $1,398,100 of the common stock.
of
7,918,813
Balance after divid’ds. 2.436,870
1,126,481
1,610,799
709,491
—(V. 38, p. 29, 259, 261, 331,705; V. 39, p. 587; V. 40, p. 151, 241.)
miles.
Delmar (Md.
8,653,742
7,763,864
6%
Rate of dividends..
below to the Chronicle.
Dayton Sc Western.—Owns from Dayton, O., to State
6,843,189
INCOME ACCOUNT.
$1,533,243, and total interest, if paid in full, $2,703,000; the Denver A
Rio Grande Western rental to be adjusted by the reorganized company.
Earnings, expenses and net income for four years were as follows :
Miles oper.
•
Dec. 31...
Earnings—
Passenger
Freight
Mail, express, Ac
1880.
1831.
1832.
686
1,067
1,282
$
1,539,558
4,412,185
403,237
5,351,912
537,131
$
1833
1,679
$
945,030
2,411,457
121,579
1,563,632
4,332,150
348,998
Total gross earnings
Operating expenses..
3,478,066
6,241,730
1,767,605
3,620,030
6,404,980
3,321,123
7,361,546
4,743,111
Net ear.lings
e. of exp. to
1,710,461
2,62 4.750
2,581.^57
2,018.435
50-81
57-97
59 66
64’4 3
P.
.
.....
cam’s
1,471,503
February, 1885.
Subscriber* will confer a
INTEREST OR DIVIDENDS.
explanation of column headings, &c., see
on first page of tables.
notes
368
274
150
83
88
56
Sectional mortgage (Detroit & Pontiac RR.)
Detroit Hillsdale dk S. TV—Stock
Detroit Lansing dk North.—Stock, common
Preferred stock
1st mortgage.
Ionia & Lansing, 1st mort., coup., may be reg—
1880
1881
1874
1874
1881
:
:..
Duluth dk Winnipeg— 1st mortgage, gold, land grant
2d mortgage, income
Dunkirk Aliegh. Valley dk Pittsourg—1st mort., gold
2d mortgage
1,710,461
672,000
1,000
100
500 ctc.
1.000
2,510,000
2,487,000
1,000
441,000
2,280,003
4,560,000
7
1,500,000
630,000
7
6 g.
100
500 &c.
5,000,000
1*3
1,000
18,000 p.m.
1877
1869
1883
1882
1881
1881
1879
1,000
1864
1881
1870
1870
1833.
$
2,624,750
2,583,857
2,618,435
$
2,624,764
2,620,628
2,732,966
1,150,453
1,199,541
1,602.443
2,036,313
149,830
224,130
317,752
233,26s
246,512
(6) 914,100
19,607
73,876
7,966
Total disbursements.
1,396,965
2,283,078
1,900,749
2,600,799
Balance, surplus..
333.803
341,686
719,879
132.167
GENERAL B I LANCE AT CLOSE OF EACH
1880.
Assets—
RR. equipm’t, &c—
Stocks owned, cost.
Bonds owned, cost..
Bills and ace’s receiv
Rio Grande & West
Utah lines.
Col. C. & Iron Co ...
No. Amer. Inv’tGo..
Materials, fuel, etc. .
Cash on hand
1882.
<c
$
$
34,915,951
432
50,919,437
326,700
474,000
868,748
59,471,273
15,000
434,000
879,205
3,490,000
263,652
102,562
245,420
2,213,955
174,657
1,024,251
389,106
1883.
$
63,629,545
1,275,000
457,029
475,781
282,808
753,909
801,747
586,075
65,966,487 68,261,894
-$
$
33,000,000 35,500,000
25,127,000 26,123,000
4,028,000
3,713,000
3,051,000
205,046
166,972
441,976
167,457
35,294,365 55,007,497
$
$
16,000,000 21,160,090
17,398,000 23,091,000
Total
Liabilities—
Capital stock..
Bds., (see Supr
Rolling stook
1,536,000
10,350
Bills payable..
Rio Grand & A
Utah lines
237,474
717
45<\075
1,601,762
Miscellaneous
Profit and loss.
90,630
259,668
*1,588,120
227,094
396,470
liabiliti
35,291,365
55,007,497
Open accounts.
.
Total
FISCAL YEAR.
1881.
This item was met by the charge of
consol, b’ds negotiated in 1881, but not
*
647,324
1,355,860
432,844
9,900
693,105
1,318,331
1,109,656
221,582
22,363
145,404
65,969,187
69,261,894
$5,000,000 stock and $1,000,000
taken into the acc’t until Jan., ’32.
508, 706; V. 39, p. 22, 47,
620; V. 40, p. 181.)
-(V. 38, p. 29,215,229,295. 454, 479,
61, 128, 157, 208. 264, 296, 474, 553, 580,
Denver Sc 11 io
Grande Western (narrow
7,000 p.m.
2,000,000
1,000
1,000
1,000
1,730,768
Miscellaneous...
881.000
....
....
1870
114,531
Dividends
770.000
1,000
1,000
36,771
Taxes
1,825,600
1,000
14
...
1,350,000
■
.
20,307
Total income
Disbursements—
Interest on debt
250,000
1,000
gauge).—The mort¬
1,000,000
200,000
building of
case.”
a
M.
J.
J.
J.
J.
J.
& N.
& J.
<fc J.
& J.
& J.
& J.
Stocks—Last
Dividend.
Sept. 1,
Aug. 15,
N.Y., London& Frankft May 1,
Jan. 1,
N. Y., Co.’s Agency.
Jan. 1,
New York.
N. Y., Morton, B. &Co. June 1,
June 1,
do
do
Juue 1,
do
do
N. Y., Co.’s Agency.
New York.
1911
1880
1905
1921
1911
1905
1905
1905
.
& J.
J.
A. & O.
A. & O.
F. & A.
6
6
8
2
3
3 ifl
7
8
6
6
200 &e.
S.
.
pal,When Due.
Payable, and by
Whom.
Payable
.
7
6 e.
7 g.
6
6
6
7
7
8
1,500,000
2,000,000
3,200,000
Where
When
M. &
6 g.
4
670,000
1882.
$
1881.
Rate per
Cent.
99,000
ioo
INCOME ACCOUNT.
1880.
$
Receipts—
1,000
....
90
90
90
3d mortgage
Net earnings..
Other receipts.
1,200,000
a
1878
1878
1854
63
143
43
(payable at 105)
1,000
50
257
257
222
59
32
152
mortgage
1,200,000
1880
'65
($15,000 per mile)..
1,000
100
1876
300
189
189
189
1,000
1,000
1,000
$6,900,000
5,292,800
1,800,000
1,489,000
1,000.000
$1,000
_
.
©
Milwaukee—Stock
Dubuque dk Dak.—1st M., gold. gu.
Dubuque dk Sioux Oily—Stock
1st mortgage, 2d division
_
Outstanding
Value.
1881
„
Amount
Par
.
sinking
Saginaw & West, mort., guar
Size, or
Date
of
Road. Bonds
Miles
of
Dtnv.dk R.Gr.Wesl.— 1st, g. ($16,000p.m.),cp.or reg.
Denver Smith Park dk Pacific—stock
1st mortgage, gold,
fund
Consol, mort. gold ($17,000 per mile)
Denver West. dk Pac. —1st M., gold ($30,000 per in.).
Des Moines dk Ft. Dodge—1st mort., coup
1st mortgage, income
Mortgage on extension
Certificates secured on lands
Des Moines Osceola dk Southern—1st M.($6,000p.m.)
Detroit Grand Haven dk
1st equipment mortgage, guar
Consolidated mortgage, guar
Delroii Mackinac dk Marquette— 1st
Land grant bonds (income)
Income bonds
tbese Tables*
Bonds—Princi¬
immediate notice of any error discovered In
great favor by giving
DESCRIPTION.
For
37
STOCKS AND RONDS.
RAILROAD
|
New York & London.
do
do
N.Y.,Canad’n B. of Com.
1896
For 1883
1918
1918
Feb. 15, 1886
&
&
ct
&
ct
ct
A. ct
A. ct
J. N. Y.. Farm. L. & Tr. Co July 5, 1884
Boston.
Aug. 15, 1884
A.
Feb. 16, 1885
do
A.
Jan. 1, 1907
J. Boston, 2d Nat. Bank.
do
do
July 1, 1889
J.
do
do
July 1, 1913
J.
O. N Y., Metrop. Nat. Bk. Oct. 1, 1921
Oct. 1, 1911
do
do
O.
Oct. 1, T921
7
6 g-
J. ct
A. &
J. &
M. &
J.
0.
J.
N.
7 g.
7
7
J. ct D. N.Y., N.YT. Cent. &
do
do
A. <t O.
do
do
A. & O.
-
J.
F.
F.
3.
J.
J.
•
N.Y.,M.K. Jesup,P.ct Co.
Hud.
railroad since that time, this company
a
Four coupons, Jan. 1885
in cash and one-half in the
July 1. 1919
Co. Oct. 16, 1884
July, 1894
N.Y., John Paton & Co.
N. Y., Central Trust Co. May 1, 1911
N. Y..M.K. Jesup, P.&
to July 1886 inclusive,
June, 1890
Oct. 1, 1890
Oct. 1. 1890
has never lost
will be paid one-half
company’s notes duo Jan. 1,
1888, and bear
per cent interest.
Lands owned, about 11,500 acres,
ing 6
and balance due ou land contracts,
$101,532; net, $172,543. In 1882
gross, $347,168;
not, $120,286.
In 1883 gross, $341,935; net,
$102,652. In 188 4 gross earnings were $354,029, against $341,934;
net, $101,660, against $91,798. (V. 39, p. 732.)
Des Moines Osceola Sc Soutlieru.— Projected from Des Moines,
la., to Kansas City, Mo., 300. miles, of which a portion is built, aud in
March, 1893, 100 miles opened. Stock issued, $500,000, $7,000 p. m.;
bonds, $6,000 p. m. In Aug., 1884, consol, witli Wis. Iowa & Neb. RR.
Detroit Grand Haven Sc Milwaukee.—Owns from Detroit.
Mich., to Grand Haven, Mich., 189 miles. This is a reorganization or
the Detroit & Milwaukee which was sold in foreclosure Sept., 1878. A
sutficient amount of first equipment mortgage bonds is reserved to
retire Detroit A P. bonds on maturity. The bonds were guaranteed by
the Gt. Western of Canada. Gross earnings in 1881, $1,196,929 ; net,
$313,321; in 1882 gross, $1,348,565; net, $339,453; in 1883, gross,
$1,376,464; net, $379,767. (V. 38, p. 477, 618 )
Detroit Hillsdale Sc Southwestern.—Owns from Ypsilanti,
Mich., to Bankers, Mich., 65 miles. The Det. H. & Ind. road was sold
in foreclosure Dec. 28, 1874, and this company organized by the bond¬
holders. In Aug., 1881, leased in perpetuity to the Lake Shore & Mich.
Southern Co. for $40,500 per year (3 per cent) on stock for two years,
and $54,000 per year (4 p. ct.) afterward.
Detroit Lansing Sc Northern.—Owns from
Grand Trunk
June., Mich., to Howard City, Mich., 157 miles; branches—Stanton Juno,
to Big Rapids, Mich., 63 miles; Belding Branch, 1^ miles; leased, Grand
Trunk June, to Detroit, 3 miles; Lansing to No. Lansing, 1 mile; Alma
to Lake View, 32 miles; total operated, 257 miles. A consolidation, Apl.
11, 1871, of the Detroit Howell & Lansing, the Ionia <fc Lansing and the
Ionia Stanton & Northern railroads, under the name of Detroit Lansing
& Lake Michigan RR., which was sold in foreclosure December 14,1876,
and new stock issued as above. In July, 1883, leased the Saginaw &
(See V. 36, p. 674.)
Western and endorsed the bonds.
The annual report for 1883, in V. 38, p. 422, had the following;
Receipts1881.
1882.
1883.
Net earnings
$443,269
$461,082
$537,874
10,425
Interest
3,643
4,965
$99,849.
Gross earnings in 1881,
Total income....
7}-i Qh'iiT'Qpyyi
$446,912
$471,507
$542,839
$235,527
175,230
(7 on pf.)
$233,975
175,230
(7 on pf.)
$248,335
281,995
(6 com.& 7 pf.)
is
Interest on debt.
Dividends
Rate of dividend
Total disbursements
$410,757
$409,205
$533,330
-(V. 38, p. 422.)
Detroit Mackinac Sc Marquette.—Owns from Straits of Mack¬
inac to Marquette, 152 miles, and extension west to Ishpening, 17
miles, kuowu as Marq. & West. RR; branch projected to Sault St. Marie,
48 miles. This road is intended to form, in connection with others
already built, a line along the south shore of Lake Superior.
The stock
increased iu 1883 to $10,000,000, in $100 shares, of which
was
...
.
covers lines in Utah Territory of about 469 miles in all. Com¬
pleted 368 miles, as follows: From Salt Lake City to Pleasant Val¬
ley coal mines, 106 miles; Bingham Junction to Alta, 18 miles; Bing¬
ham Junction to Byigham, 16 mil s; Clear Creek to P. V. Junction, 14
miles; P. V. Junction to Colorado border, 176 miles; from Salt Lake
City to Ogden and branches, 37 miles. The stock by charter is $48,000,000; issued on 469 miles $7,500,000. The road was leased for $4,750,000 was outstanding Deo. 31, 1883. The land bonds receive 25
30 years to the Denver & Rio Grande, at 40 per cent of gross earn¬
per cent of net proceeds of laud sales as their yearly income.
In
ings, with a guaranty of interest by the lessee on $7,500,000 1st mort- October, 1884, default was made in payment of interest, but bonds
mostly held by the contractors, an l some agreement was made
f;age
or the lessee,
so andasin August, 1884, W. II. Bancroft was appointed re¬ were
with them. Gross earnings in 1883, $239,789; net, $25,328. James
ceiver of the D. & R. G. W., and after July 12, 1884, the lease was
McMillan, President. (V. 39, p 381, 409.)
ignored and the roads operated under mutual agreements. For the six
Dubuque Sc Dakota.—Owns fromWaverly to Hampton, 41 miles,
months (less 12 days) gross earnings were $490,396 and net. earnings
and from Sumner. la., to Waverly, la, 23 miles. Built on the old grading
$96,647. See full report in V. 38, p. 763. (V. 38, p. 454, 571, 762; of the Iowa Pacific. The Dubuque & Sioux City Co. guarantees the bonds
V. 39, p. 21, 128, 157 ; V, 40, p. 181.)
issued for construction to the extent of $10,000 per mile. Bonds may be
Denver South Park Sc Pacific (3 ft,)—(See Hap of Union
paid off at any time at 105. Pref. stock $420,000 and ordinary stock
Pacific).—Denver, Col., to Buena Vista, 135 miles; Natlirop to Gunnison, $459,500. Gross earuings in 1882, $81,958; net, $34,174. Gross in
65 miles; Gunnison to Mount Carbon, 17 miles; Garos to Loudon Junc¬
1883, $75,115; net, $22,308.
tion, 15 miles; Como to Keystone, 32 miles; Bear Creek Junction to
Dubuque Sc Sioux City—(See Map of Illinois Central).— Owns
Morrison, 10 miles; total, 274 miles. First mortgage bonds issued at
from Dubuque, Iowa, to Iowa Falls, 143 miles. The former Dubuque &
the rate of $12,000 per mile of finished road. In October, 1880, the
consol, mortgage was made for $15,000,000, to be at $17,000 per mile Pacifio was foreclosed in 1860, and present company organized. Leased
to Illinois Central from Oct. 1, 1867, for 20 years, the lessees agreeing
on whole road, old and new, less the amount of 1st mort. on the old.
Btock controlled by Union Pacific. In 1882 gross earnings, $1,558,723 ; to pay 35 per cent of gross earnings for ten years and 36 per cent for
next ten years, with privilege to make the lease perpetual at the latter
net, $377,449. In 1883 gross earnings, $1,555,020; net, $48,748.
rate. Gross earnings in 1892, $1,092,319; net, $393,791.
In 1883
Denver Western Sc Pacific.—Denver to Longmont, Col.
For gross earnings were $1,092,025; net income from rental, &c., $360,914;
$3,060 in cash the company gave $3,000 in 1st mort. bonds and $1,500 interest, $58,720; dividends, 6 p. c., $299,964; miscellaneous expenses,
instock. Stock is $1,000,000, of which Union Pacific owns $762,500.
$ 1,085. M. K. Jesup, President, N. Y. City. (V. 38, p. 229, 332 ; V. 40,
In July, 1981, Mr. II. P. Bennett, of Denver, appointed receiver.
p. 240.)
Des Moines Sc Fort Dodge.—Owns from Des Moines to Fort
Duluth Sc Winnipeg.—Projected from Duluth to Manitoba
Dodge, Iowa, 87 miles, with an exteijggon 56 miles to Ruthven, con¬ boundary line, 280 miles. The land grant amounts to 1,800,000 acres,
necting yrith Chicago Mil. 6i St. Paul. First 87 miles originally a div¬ which is subject to the first mortgage. The stock is $5,000,000. Win.
ision of the Des Moines Valley RR., built in 1870 and sold out in W. Spalding, President, Duluth.
1873. Common stock, $4,283,000; preferred, $753,280. The report
Dunkirk Allegheny Valley Sc Pittsburg. -Owns fro u Dun¬
for 1893
“In all the litigation with
had the following remarks:
which this road was surrounded when it was foreclosed eleven years kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
Warren A Pittsburg and Warren & Venangoin ls72.
Is leased to N. Y .
ago;an tin nl the
*s mat oecessa' iiy arise in the management and
gage
bonds
far issued. The appointment of a receiver was made
Subscriber* will confer a great favor
DESCRIPTION.
explanation of column headings, Ac., see
•
on first page of tables.
For
STOCKS
KAILROAD
38
East Broad Top.—1st mortgage,
East Pennsylvania—Stock
1st mortgage
note8
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
Rate per
When Where Payable, and
Par
of
of
Outstanding
Whom.
Cent.
Road. Bonds Value.
Payable
1873
30
36
36
registered
1880
1880
1881
1870
’50-’56
1856
1872
1879
1883
....
285
niortgi, cp, or reg..
Elmira Jeff. & Canandaigua.—Stock.
Elmira & Williamsport—Stock, common
Preferred stock
1st mortgage bonds
Income bonds, 999 years to run
Erie <£ Pittsburg—Stock.
2d mortgage, convertible
1,000
....
1,000
1,000
1,000
„
.
16
38
94
94
110
47
77
77
77
....
1882
....
1,000
1872
100
50
50
....
....
1,000
1860
1863
100
1865
but accounts are kept separate. Capital
There is usually an annual deficit below the interest charge
but the N. Y Central A Hudson River Co. hold $2,920,000 of the securi
ties. Gross earnings in 1883-84, $279,719; deficit of $21,200.
East Broad Top (Pa.)—Owns from Mount Union, Pa., to Robertsdale, Pa., 30 miles. A coal road, opened in 1874. The stock is $815,002.
net, $2,385; L881-82,
In 1882-83 gross earnings were $90,842;
gross. $139,260; net, $39,185.
East Pennsylvania.—Owns from Reading, Pa., to Allentown, Pa.,
36 miles, it is leased for 999 years from May 1,1869, to the Philadel¬
phia & Reading RR., at a rental of 6 per cent per annum on the stock
and interest on the bonds. G. A. Nicolls, President, Reading.
East Tennessee Virginia Sc Georgia.—(See Map.)—The East,
Tennessee Virginia A Georgia Railroad is composed of the following
lines, which were consolidated July 20, 1881, imder the above title:
The East Tennessee Virginia & Georgia Railroad, the Macon & Bruns¬
wick RR., the Cin. A Ga. RR., the Knox. & Ohio RR., and the Alabama
Cent. RR., making a total of 1,098 miles June 30,1884,made upas fol¬
lows : Bristol to Chattanooga, Tenn., 242 m.; Morristown to Unaka, 44 in.;
Knoxville, Tenn., to Jellico, 66m,; Cleveland to Selma, 264 in.; Selma to
Meridian, 113 in.: Ooltewali to Coliutta, 11 in.; Rome, Ga., to Macon, 159
m.; Macon to Brunswick, 190 m.; Cochran to Hawkinsville, 10 in.
The company owns 1,080 miles of railroad and uses 18 miles more. It
also opei ales under a lease for twenty years from July 1,1879, the lines
of the Memphis & Charles RR. Co., from Chattanooga to Memphis, Tenn.,
310 in., and the Florence and Somerville br’ches, 20 miles, in all 330 m.,
makirg a total of 1,453 m. of owned and leased lines now in operation.
Central & Hudson River Co.,
$1,3vj0,00
.
The lease of the Mem. &
various differences were
Char. RR. was an operating lease simply,
settled by the acquisition of a majority of
and
the
capital stock ol the Mem. & C. Co. by parties conti ollingtheE T.Va.&Ga.
Of the fiist moitg. consol, bonds, there are held in trust by the Cent.
Trust Co. $7,408,000, to retire the same amount of the outstanding divis¬
ional and sectional bonds.
f The $i ,2(>0,<KjO of debentures due 1894 were taken at par by members
of the beard of dii cctors and their friends to extinguish floating liabili¬
ties and are not si cured 1 y mortgage. See statement, V. 38, p. 706.
In Janumy, lr85, default was made on the censol. moitgage interest,
receivi rs were appe inted, and a plan for funding certain coupons w as
piojostil. viz.: That ail interest lulling due in 1885 and 1880 be funded
by ti e 1 oilier*- of consol, mortgage bonds, Cinn. A Ga. RR. ltt mort.
bonds and debenture bonds; to the two first-named, lundcd coupon
holds at 6 jar cent are to be issued fer the coupons so 1 untied, ana to
the debt ntuie holders similar debenime bonds. See V. 40, p. 2y.
3
7
182-43.
95,000
1,000,000
500
50
100 Ac.
....
811b
4
$500,000
1,709,550
495,900
27,500,000
16,500,000
14,674.000
2,650,"00
16,500,000
3,123,000
311,000
147,000
100100 Ac.
500 Ac.
100
100 Ac.
100
.
1851
1876
....
Mortgage funding certificates
1,000
1,000
1,000
1884
....
Eastern (N. H.)—Stock
Eastern Shore (Md.)—1st mortgage
1,000
....
....
for 10 years)
50
100 &c.
100
100
1.000
1858"
....
Ten.year debentures
$1,000
....
....
Eel River—Stock
1st mortgage
1..
Elizabeth. L^.d-Big Sandy—1st
[Vol. XL.
by giving immediate notice of any error discovered in these Tables.
East Tennessee Virginia <£• Georgia—Common stock. 1,123
1,123
Preferred stock (6 per cent)
1,123
Consol, mort.. gold (for $22,000,000)
Consol, mort, “ Divisional” bonds
•
Income bonds, gold
242
Old 1st mortgage sinking fund bonds
112
East Tenn. & Georgia ($92,000 are endorsed)
130
East Tennessee and Virginia (endorsed)
2d mortgage to U. S. Government
95
Alabama Central, 1st mortgage, gold, coupon
Cinn. & Georgia RR., 1st mortgage
Car trust bonds (A)
Eastern (Mass.)—Stock
Essex RR.lst mort. (extended
BONDS.
AND
2,000,000
1,000.000
1,200,000
4,997,600
194,400
13,432,920
492,500
450,000
2,792.800
140,000
3,500,000
500,000
500,000
500,000
1,000,000
570,000
1,998,400
5 g.
5
6
7
6
6
4
6
6
7
J.
J.
6
J.
J.
M.
M.
J.
3
6
6 g.
2^4
5
1
7
6
5
2-*2
3*2
6
5
1%
7
91,800
J. A J.
J. A J.
M. A 8.
....
D.
Y., Central Trust Co.
do
do
do
do
do
do
elo
do
do
do
do
do
do
do
do
do
do
elo
do
do
J.
Boston.
S.
S.
D.
Boston, Office.
July
July
Aug.
July
l,
1,
1,
1,
3 930
1930
1931
1900
1885 to 1886
May 1, 1886
Jan. 1, 1887
July 1. 1918
July, 1923
1885-94
1885-94
July 15. 1873
Sept. 15,1886
Boston and London.
Sept., 1906
Dec. 15, 1884
I960
Mch. 5, 1884
Philadelphia.
by Treasurer.
Boston,
F. A M.
M. A. S.
N. Y., Mills Building.
Baltimore, N. Cent. RR.
itf. A N. Phila., Penn. R. R. Co.
....
do
do
do
J. A J.
J. A J.
A. A O.
Q.-M.
Stocks—Last
Dividend.
Boston, by Treasurer.
....
Q.-M.
by
Philadelp’a, Co.'s Office. July 1, 1903
Jan. 15,1885
Phila., by P. A R. RR.
Mar. 1, 1888
Phila., P. A R. office.
A J. N,
A J.
Oct.
J. A J.
J. A J.
M. A N,
J. A J.
J. A J.
J. A J.
A
A
A
A
A
Ronds—Princi¬
pal,When Due,
N.
Y., Union Trust Co.
do
A. A 0.
elo
do
do
do
Mar. 1,
1902
Mar., 1885
Nov. 1, 1884
Jan. 1, 1885
Jan. 1, 1910
Oct. 1. 2862
Dec. 10, 1884
Mar. 1, 1890
147, 261, 332, 619, 659, 678, 706; V. 39, p. 47,
409, 461, 493, 520, 606, 732 ; V. 40, j>. 4, 29, 60, 151, 181.)
-(V. 38, p.
168, 381,
Eastern (Mass.)— Owns from Boston, Mass., to New Hampshire
State Line, 41 miles; branches—Salem to Marblehead, Indies; Bever-
ley to Gloucester, 17 miles; Salisbury to Amesbury, 4 miles ; Revere
to East Bostou, 3*2 miles; Peabody to Wakefield, 8
miles; Salem
to Lawrence, 20miles; others, 22 miles; leased—Eastern RR. of N. H., 16
miles; Newbury port City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls A Conway, 73
miles; Wolfe boro Railroad, 12 miles; total operated, 285 miles.
In March, 1883, a lease of this road to the Boston & Maine was voted
for fifty-five years,-but in November, 1884. this lease was decided to be
illegal in some respects, an 1 a new one was negotiated for 54 years,
from Oct. 1,1883, on the basis of combining the total earnings, paying
all char ges, and dividing the surplus income as follows : 1. To B. A M.,
$630,000 (9 per* cent on its stock); to Eastern. $100,000 for sinking
fund; to B. & M., $70,000; to Eastern, $330,0 iO; balance to be sjieut
by lessee on both properties pro-rata. Au analysis of provable result of
this, ou basis of earnings in 1834, was in V. 40, p. 27. Mortgage notes
are $684,300, secured by
real estate. Tue last annual report for the
year ending Sejit. 30, 1883, was published in V. 37, p. 03&.
Operations
anil earnings for three years past (ending Sept. 30) were as follows:
Passenger
Freight (ton)
Gross
Net
Miles.
Years.
Mileage.
Mileage.
Receipts.
Receipts.
1881-2
282
93,871,712
68,479,129 $3,403,077 $1,110,109
3,584,506 1,273,676
285
100,003,605
75,641,226
3.571,594 1,264,003
285
108,497,155
77,659,651
—(V. 38,p.509; V. 39,p. 264,522, 580, 653, 680; V. 40, p. 27.)
.
^
Eastern (N. H.)—Owns from Portsmouth, N. H., to Seabrook
(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oct. 1, 1878, for 60 years and two months at $22,500 j>er year, equal to
4^ per cent per annum. Moody Currier, President, Manchester, N. H.
Eastern Sliore (Md.)—Owned from Delmar to Cristield,.
miles. The road was sold in foreclosure Feb. 19,1879, and in
Md., 38
1882 a
new-mortgage was issued at 5 per cent, and prior mortgage bonds ex¬
changed. Stock, $137,900]commoii, an l $324,600 preferred. In Jan.,
1884, control of the ruael was purchased by Peun. RR. for $ 150,000.
In
1882 gross earnings $81,0 tO; net, $22,229. In 1883 gross earnings
$84,258; net, $20,826; interest paid, $2J,000. S. M. Felton, President,
Philadelphia. (V. 38, p. 60.)
Eel River.—Owns from Logansport., Ind., to TJutter, Ind., 94
The fiscal year ends June 30. Gross earnings from July 1 to Dee. miles. This was formerly the Detroit Eel River A Illinois Railroad,
31, six months, m lo.w4. $2,129,343, against $2,308,985 in 1883; net, sold under foreclosure July 6, 1877, and reorganized under present
name Dee. 10, 1877.
$855,039, against $1,0'. 2,063.
In August, 1879, it was leased to the Wabash St.
f The annual report for 1883-84 was published in the Chkonicle, V. Louis A Pacific Railroad for 99 years, at a rental of 3 j>er cent per
annum on the stock for two years, 4 per cent for three years, and 4*2
39, p. 520, and had the following:
YM
INCOME ACCOUNT.
per cent thereafter. Default by lessee on the rental was made in 1884.
1882-83. *
1863-g4.
Receipts—
Elizabethtown Lexington Sc Big Sandy.—Road owned, 1883,
Total gross earnings...
$3/<76,784
$4,173,263
Sandy River (C. A 0. Junction) to Ashland, 8 miles; 8traits Creek
$1,393,082
Net earnings.;
$1,699,915 Big
Junction to Lexington, 102 miles; leased—Ashland to Straits Creek
JHhlittsinnn'S—
22 miles; total operated, 132 miles. Charter permits exten¬
1,402,995 Junction,
Intelest on dt bt
1,308,539
sion to Elizabethtown.
It is the connecting line of the Chesapeake &
Inter* st on income bonds
192,775
<
'
49,617
74,768
517
Taxes
Miscellaneous
Total disbursements
$1,576,599
$1,451,612
Balance
sur. 247,313
def. 183,517
In the two years time weiereceijts in audition to above of
762 lion sa.eoi bonds aLd fitm other souices,which was applied to
the purchase of t qnij mint and to new
OENEBAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
1883-84.
J8>-2-83.
Asteti,—
$4,153,-
constiuction.
Railioad buildings. Ac—
..
Stocks ai d bonds owned, cost
Bills j no aecounts neaivable
Regers loci motive
...
...
trust
Memphis A CLuilectin RR. coup,
Cash e n band
Mine ellaneius items
ate' t..
1 ,li
6^455
l
9,968
282,363
55,163
183,519
11,589
999,515
$1 5,391,289
$15,5^8,674
$27,rc0,0(0
$27,500 006
]( ,500,06(5
Trcflt and loss
Total assets
Lit biliiiis—
Stock, common
Stock, j re ft lied—
...
...
...
Funcie u debt (see Sufflement)
Income 1 oi.ds
Cai tiust certificates aLd interest...
Menij Lit- A Charleston casn
Interest due
State- of Georgia
All othei dues and accounts
...
...
$86,454,246
1 7,573,756
266,6l 5
$83,669,917
*9,815;771
215,416
i 15,C0O
16,566,060
2,510,010
33.520,1 00
16,500,006
3
16,560,010
L
■
.
account..
.
491,127
582.335
64,211
'
630,686
731.380
566,447
377.183
$! 5,598,674
$1 5,391,289
Total liabilities'
ft* li.c.udii g $7,4i
5 ju i it. e*< ns b’els held by Cential Tr. Co., and
$1,4r« 5,2 15 Seiies “A” ear tiust, and $7 67,431 Co.b’ds A stock unissued.
1 Jnciodis $7,326,601 l per tent tontol. bonds Leld by Cent. Trust Co.
.
..
......
Authorized capital of the
the charter to increase it to
$10,000,000 to build theline from Lexington to Elizabethtown. Amount
issued, $3,508,776.- The sinking lund holds $247,437, and e-acli year
$25,000 fre in net earnings must be invested i or that fund: but bonds can
not be diawn for pay mi nt. lor 1883 gross earnings were $713.43b; net.
$217,278, n ntals, $18,086; Int. e n bonds. $110,340; int. on fielding debt,
$15,866: e»tLer expenses, $13,921; surplus for year, $59,064. In
1884, gioss earnings were $7t 2,627, against $713,103; net, $258,052,
against $214,327. (V. 38, p. 202, 359, 509, 595; V. 39, p. 181, 264,
Ohio and controlled by the same parties.
company is $5,000,000, with a provision in
522; V. 40, j). 61.)
Elmira Jefferson Sc Canandaigua.—Owns from Canandaigua,
N.
to Watkins, N. Y., 47 miles.
The road was lorecksed and
reorganized under present name Feb. 18,1859. It was leased to New
York & Erie for 20 years from Jan. 1, 1859, and the lease transferred
toN.Cen. RR. in 1866 at a rental of $25,000 per year. Lease termi¬
nated Jan., 1679, and road now operated at cost by Northern Central,
which company ow ns the whole stock. Gross earnings in 1882-3, $368,842; net, $92,739.
Williamsport.—Owns from Williamsport, Pa., to
'ibis company was reorganized under the
present name Feb. 29, 1860, and leased to the Northern Central Rail¬
way lor 999 years from May 1, 1863, at a rental of $151,500 per annum
since Jan. 1, 1880. The dividends on the common stock are 5 per cent
and on tie preferred 7 i er cent. Gioss earnings in 1882-3, $90.',269;
not, $309,010; surplus to lessee, $136,918.
Elmira
Sc
Eimiia, N. Y., 76 miles,
Erie Sc Pittsburg.—Owns iiom New Castle, Pa., to Girard, Pa.,
82 miles:• branch, Leek Junction to Erie Docks, 3 miles; leased—
Giraid to Erie, 15 miles; total operated, 100 miles. Road opened in 1865It was leased to the Pennsylvania RR. for 999 years from March 1,
1870. at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has.
been quite unjrofitable to the lessees; the deficiency paid by them in
1881 was $28 3,522 ; in 1882, $207,651, and in 1883, $260,071
'
BASOTNODCSK
RAILOD
MAP OF THE
EAST
TENNESSEE,
VIRGINIA & GEORGIA
RAILROAD & CONNECTIONS.
40
%■
KAILROAD
Subscribers will confer
a
STOCKS
AND
BONDS.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of column headings, Ac., see notes
on
first page of tables.
Erie <t Pittsburg— (Continued)—
Consol, mort. free of State tax (for $4,500,000)...
Equipment bonds
European dNo.A mcrican—Stock, guar. 5 per ct
Evansville d• Indianapolis—lat mort. (guar.), gold..
Evansville d T. Haute—Stock
1
1st mortgage, Evansv. Sc HI., sink, fund
1st mort.Evans.A Cr..sink.fund,(Evansv. to T.II.)
1st consol, mort., gold (for $3,000,000)
1st mort., Mt Vernon Branch, gold (for $ 175,000)
Evansville Terre H. d Chic.—1st M., gold,int. guar..
2d mortgage, gold
Fargo d Southern—1st mortgage, gold
Fitchburg—Stock
Bonds, coupons, ($4,950,000 authorized)
Flint d Fere Marquetlc—Preferred stock
Reorganization mortgage, gold ($5,000,000)
-*
Bay County, issued in aid, guar, by lessees
T
1.
Date
Miles
of
of
Road. Bonds
100
3 00
114
186S
1870
54
146
51
109
144
25
55
55
119
190
1884
....
361
302
17
Flint & Holly RR
I
....
Holly Wayne Sc Mon., 1st mort., sink, fund, guar.
Florida Railway d Nav.—F. C Sc W„ 1st mort.. gold
Florida Transit—1st mortgage
Peninsular of Florida— 1st mortgage
Florida Transit A Peninsul’r—1st M. ($3,000,000)
Fernandina & Jacksonville
Fonda Johnstown d Gloversville—1 st mortgage
Consol, mortgage
Fort Madison d Northwestern— 1st mort., gold
Fort Wayne d Jackson—Pref. stock, (8 percent)
Common stock
Fort Wayne Cincinnati & Louisville—Stock
Notes
65
234
155
50
239
24
10
26
100
97
97
128
Size,
Par
685,000
7
7
100
2,500,000
i,ooo,ouo
6
1,000
1880
1868
....
1871
J8S2
1881
1876
1882
1883
1870
1880
1880
1,000
1,000
1,000
i.ooo
1,000
1,000
1,000
1,000
1,000
100 Ac.
100 Ac,
500 Ac.
....
1883
1,000
Fvansvllle Sc Terre Haute.—Owns from Evansville, Ind., to
Terre Haute, Ind., 109 miles; Owensville branch and extension,
37
miles; total operated, 146 miles. The Rockville Extension, 23 miles
additional, is leased to the Terre Haute A Logansport for 99 years from
Nov. 1, 1879. Formerly the Evansville A Crawfordsville RR. Co.
The 20 per cent stock dividend of 1884 was the distribution of $500,000
which had been held for some time in the treasury.
Annual report was
in Y. 39, p. 4^2. Gross earnings year
ending Aug. 31, 1883, were $751,690; net, $364,462; in 1883-84, gross, $753,107; net, $387,297.
(Y.
39, p. 208, 492.)
Evansville Terre Haute Sc Chicago.—Owns from Terre Haute
Ill.,
49 miles; leased, 6 miles: total
operated, 55 miles, It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block Coal
road, 15
miles. On April, 30, 1880, a lease to the Chicago A Eastern Illinois
was made for 999 years; terms, $75,000
per annum and the assumption
by the C. & E. I. of all rentals and taxes paid by E. T. H. A C. The
bonded interest was reduced to 6 per cent and preferred stock for $100,000 issued for overdue coupons; common stock, $600,000.
Josephus
Collett, President, Terre Haute, Ind.
Fargo Sc Southern.—Fargo, Dak., to Ortonville. Minn., 119 miles.
Opened August, 1884. Stock, $1,250,000, par $100. H. E. Sargent,
President. (V. 39, p. 434.)
.
Fitchburg.—Owns from Boston, Mass., to Fitchburg, Mass, (double
track), 50 miles; branches—Charlestown, 1 mile; North Cambridge
to
Waltham,. 7 miles; South Acton to Marlborough, 12 miles;
Peterborough & Shirley, Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont A Mass. RR.,
Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy A Greenfield RR., Green¬
field to North Adams, 37 miles; total, 190 miles. The
Troy A Greenfield
RR. and the Hoosac Tunnel, owned by the State of
Massachusetts, have
been operated by this company, and are now contracted to it for seven
years rrom Sept. 30, 1880.
There are notes out for $530,000. The
annual report for 1883-84 in Chronicle, V. 39, p.
706, referred to the
new alliances made in 1884 for
through business.
The income account for four years past
(ending Sept. 30) was:
Disbursements—
Rentals paid
Interest on debt
Other interest
Dividends
Rate of dividend....
Total disbursem’ts
1881-82.
$
1882-83.
$
444,843
161,000
1883-84.
$
670,737
107,000
666,752
58,500
528,392
605,843
777,737
725,252
237,811
115,000
25,180
315,000
(7)
239,572
152,500
46,229
297,000
230,164
177,500
51,225
297,000
246,809
200,000
(6)
(6)
12,332
272,250
(5%)
692,991
735,301
755,889
731,391
Balance
def.164,599 def.129,458 surp.21,848
def.6,139
-(V. 38, p. 147; V. 39, 706.)
Flint Sc Fere Marquette.—Owns from Monroe, Mich., to
Ludington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch,
5 miles; Harrison branch,
30 miles; Manistee branch, 26 miles;
Saginaw & Mount Pleasant Railroad, 15 miles; total operated,
361 miles.
A Receiver took the old company in June, 1879; the
road was sold August 18,1880, under the consolidated
mortgage, and
reorganization was made and preferred stock ($6,500,000) issued for tne
consolidated mortgage bonds, and common stock ($3,500,000) is to be
issued for the old stock. The common stock has no present right to vote
or to receive dividends, and will
be issued only after the preferred
stockholders have received 7 per cent yearly dividends for five con¬
secutive years. The preferred stock is not cumulative, and after 7
per
cent per annum is paid on both classes of stock, the balance of income,
if any, is to be divided ratably. $1,L78,000 of 1st mort.
bonus, are re¬
served to retire prior issues.
For six months from Jan. 1, 1884, gross
earnings were $1,215,440,
against $1,267,749 in 1883; net, $383,537, against $434,994; surplus
for dividend, $214,562, against $274,181.
On Jan. 1,1884, the land notes (principal and interest) on hand for
lands sold were $627,021, and lands yet unsold 103,619
The
acres.
sales of lands during 1883 were 6,355 acres, and total
receipts, includ¬
ing timber and lots, $62,729. The total amount of cash collected in
1883 was $204,026. Annual report for 1883 in V. 38,
p. 386. Earnings
and operations for four years past were:
S
75,000
1.000,000
2,808,000
1,000,009
250,000
1,750,000
380,000
1,000
1,' 00
June, 1884, and reorganized under this name. The stock is $500,000;
the bonds are guaranteed by the Evansville A Terre Haute Co.
Total income
6,500,000
3,w 22.000
300,000
1,000
1,000
ington, Ind.. 57% miles, of which 3% is owned by the E. A T. n. This
was formerly the Indianapolis & Evansville road, and was foreclosed
Premiums and rents
325,000
l,25i),000
4,950,000
4.000,000
i.ooo
Fvansvllle Sc Indianapolis.—Operates from Evansville to Wash¬
$
434,158
94,234
200,000
775,000
500 Ac.
500
made to the Maine Central for 99 years, for $125,000 per annum,
equal to 5 per cent per annum on the stock, and assuming the bonded
debt of $1,000,000, which is given under Maine Central.
Receipts—
earnings
2.148,000
1,000
....
When
J.
A.
A.
J.
2%
6 g.
6 g.
6 g.
6 g.
0 g.
J.
A.
M.
J.
J.
J.
2%
5, 6 A 7 A.
J.
3%
6 g. A.
10
M.
10
M.
8
J.
5 g. J.
6
1M.
7
J.
6
i M.
6
J.
7
J.
6
A.
7 g. A.
M.
234
!
300,000
200,000
150,000
2,287,832
431,747
4,000,000
100,000
■f'
!
Where
Payable
A
A
&
A
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Whom.
Mail,
J.
O.
N.
J.
J.
D,
0.
do
J. N. Y., Mer. Ex. Nat. Bk.
0.
do
do
N. N. Y.. Meehan. Nat. B’k.
S. N.Y., Merok.Exck. N.Bk
J. N. Y.. Merck. Nat. Bank.
J. N. York or Amsterdam.
S
do
do
J.
New York.
S.
do
J.
do
J. N. Y., St. Nich. Nat.B’k.
O.
do
do
O. New York or London.
S. N. Y., Farmers’ L, ATr. Co
A D.
-
1,
April 1,
Mar. 1,
May 24,
Mar. 3,
July 3,
July 1,
May 1,
April 1,
Sept. 1,
1901
1922
1911
1906
1912
1923
1900
1920
1905
1884
June 1, 1893
1882.
'
1883.
$
earnings.. 1,599,624
1,885,413
1,315,322
2,180,223
1,432,209
2,542,943
570,091
748,014
807,426
1881.
1882.
1883.
$
309,024
422,500
$
318,627
455,000
453.695
Disbursements—
Interest on debt
Dividends
cargo
Sept. 1, 1887
Jan.
1,317,042
67,342
Net earnings
on
1924
1884
$
655,478
1,157,367
72,568
Operat’g exp’s A taxes.. 1,145,929
Loss
1924
1884
1887
1887
1921
1928
1900
1902
1894 to 1903
Jan. 15, 1885
Oct. 1, 1920
May 1, 1888
Boston.
1881.
1898
1900
1884
$
565,288
994,369
39,967
express, &c
Total gross
Dividend.
July 1,
Oct. 1,
Oct. 1,
July 1,
Jan. 1,
Company’s Office.
N.Y.,Farm. L’anA T.Co. July 1,
do
do
Nov. 1,
do
do
July 1,
do
do
April 1,
N.Y.,Farm.L’an A T.Co. Jan. 1,
do
do
Jan. 1,
New York.
Jan. 3,
Dec. 3,
Boston, Office.
1880.
Earnings—
Passenger
Freight
pal, When Due.
Stocks—Last
Payable, and by
J. N. Y., Union Trust Co.
O.
do
do
0.
Bangor.
J. N.Y.. Farm. L. A Tr. Co.
3,000.000 20 stock.
7
J. A J,
246,000
7
606,000
M-. A N.
100
’74-'81
Rate per
Cent.
$2,485,000
was
Net
Outstanding
$1,000
1,000
European Sc Nortli American. — Owns from Bangor, Me.,
Vanceboro (State Line), Me.. Ill miles.
Road was worked in
connection with the St. John A Maine, making an unbroken line from
Bangor, Me., to St, John, N. B., 205 miles. On Aug. 31, 1882, a lease
1880-81.
Amount
50
1852
1854
1881
1S83
1870
1872
1883
Bonds—Princi*
INTEREST OR DIVIDENDS.
or
Value.
to
Junction, Ind., to Danville,
[Vol. XL.
$
322,118
357.500
“ St. Albans”
$
795,839
-
- 874,641
1,610,510
57,792
1,735,517
3,935
Total disbursements
Balance for the year
683,553
731,524
773,623
def.113,462 sur.16,490 sur.33,803
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1880.
1881.
1882.
$
$
$
Steamers owned
Stocks A bds. owned, cost.
Accounts receivable
Materials, fuel, Ac.
Cash on hand...
In trustee’s hands....'
130.300
134.20ft
2,000
70,418
179,440
526,641
92,354
558,000
131,603
229,382
115,021
558,000
154,899
193,655
19,291
Income account
17,291
233.438
28,209
9,654
Assets—
1883.
$
Railroad, equipment, Ac.. 9,671,959 11,361,845 11,754,789 12,326,386
Miscellaneous items
22,791
131,147
217,777
47,204
21,291
14,741
112,147
Total assets
10,311,193 12,281,853 12,966,601 13,506,232
$
$
$
$
6,304.800 6,500,000 6,500,000 6,500,000
Bonds (see Supplement)
3,726,658 4,821.560 5,028,000 5,197,000
Premium on bonds
107,757
142,460
154.596
Land receipts
743,000
389,000
856,000
Unpaid div’s,vouchers,Ac.
162,315
338,595
451,712
643,875
All other accounts
117,420
105,818
65,815
85,398
Income account
19,123
35,614
69,368
Liabilities—
Stock
.
Total liabilities
...10,311,193 12,281,853 12,966,601 13,506,232
—(V. 38, p. 386, 763; V. 39, p. 208.)
Florida Railway & Nav.—(See Map).—Miles owned as follows:
Jacksonville to Chattahoochee, 209 miles, and branches from Talla¬
hassee to St. Marks, 21 miles; and from Drifton to Monticello, 4 m.;
Fernandina south, 179 miles; Waldo to Cedar Keys, 71 miles; Wild¬
wood to Leesburg, 22% miles; Hart’s road to Jacksonville, 22% m.;
total, 529 m. At Jacksonville, March 1884, a meeting of the stock¬
holders of the Florida Central & Western, Florida Transit A Peninsular,
Fernandina & Jacksonville and the Leesburg & Indian River railroads
was held and all of the
companies consolidated under the name
of the Florida Railway A Navigation Co., and the following is a list of
directors: C. R. Cummings, C. I. Peok and F. W. Peck of Chioago; W.
Bayard Cutting, TJios. C. Platt, L. M. Lawson, E. H. Harriman, E. N.
Dickerson and H. L. Horton of New York; D. L. Yulee and C. D.
Willard of Washington, and A. D. Basnett and B. S. Henning of
Florida.
The system embraces 529 miles of completed railroad, and
the construction of extensions southward are in progress. It is pro¬
posed to issue $16,000 6 per cent consolidated bonds, with $13,000
of preferred and $13,000 of common stock on each mile constructed
and hereafter to be constructed aud equipped. Of the new securities,
a sufficient amoimt will be set aside to take up all old securities.
Of the
above F. C. & W. bonds $1,000,000 are a preferred lien “series A,” the
balance of the issue being known as “senes B.” B. 8. Henning, Presi
dent, N. Y. City.
(V. 38, p. 229, 301; V. 39, p. 233,290.)
Johnstown Sc Gloversville.—Owns from Fonda to
Gloversville, 26 miles.
The stock is $300,000. Gross earnings in
1883-84, $158,680; net, $65,295; surplus over all charges and 9% per
cent dividend, $3,719. W. J. Heacock, President, Gloversville, N. Y.
Fort Madison Sc Northwestern.—Owns from Fort Madison,
la., to Birmingham, la., about 45 miles. Projected line, Fort Madison
to Oscaloosa, la., 100 miles.
Stock, $425,600.
Earnings in 1881-82,
$47,462; net, $20,727. Earnings in 1882-83, $56,316; net, $23,826.
J. C. Atlee, President, Fort Madison, la.
Fonda
Fort Wayne Sc Jackson.—(See Map L. Shore d M. S.)—Owns from
Jackson, Micb.. to Fort Wayne, Ind, 97 miles. The former Fort Wayne
Jackson A Saginaw made default on its bonds and was sold in
foreclosure Dec. 3,1879. On Sept. 1,1882, leased perpetually to L. Shore
A Mich. South, at a rental of $126,027, equal to 5% per cent on the pref.
stock, and after 1887 any net earnings over 8 per cent on pref. stock to
be paid as dividend on common stock, but not exceeding 2 p. c. a year.
Fort Wayne Cincinnati Sc Louisville.—From Fort Wayne.
Ind., to Connorsville, Ind., 104 miles; branch to Rushville, Ind., 24
miles; total operated, 128 miles.
The Fort Wayne Muncie & Cincin¬
nati Co. defaulted and a receiver was appointed Nov., 1874. The road
was sold in foreclosure, July 27, 1881, to Elijah Smith, for the bond
holders, for $1,000,000. The bondholders reorganized under this name.
Gross earnings in 1882, $274,320. Gross in 1883, $260,306; net, $16,385; interest paid, $3,500* Elijah Smith, Pres’t, Boston, Masg.
February, 1885.J
RAILROAD STOCKS
AND BONDS.
41
STOCKS
RAILROAD
Subscriber* will confer a great
or
explanation of column headings, &c., see notes
on
first page
[VOL. XL.
favor by giving immediate notice of auy error discovered in these Tables.
DESCRIPTION.
l
AND BONDS.
of tables.
Fort Worth <£ Denv. City— 1st M.,gold ($25,000 p.m.;
Frederick & Pennsylvania Line—1st mortgage
Galveston Harrisb.de S.Antonio—1st mort, gold, 1. gr.
2d mortgage
Mexican & Pacific Extension, 1st mortgage, gold
do
2d mortgage
do
Galveston Houston <6 Hend. of 1882—1st mort.,guar
Geneva Ithaca <£• Sayre—1st mort., s. f., gold
Georgia Pacific—1st mort., $10,000 per mile
2d mort., income ($15,000 p. m.)
Georgia Railroad & Banking Co.—Stock
Bonds, not mortgage
Bonds, not mortgage ($200,000 mature in 1922)..
Macon & Augusta, 1st mortgage
Grand Rapids & Indiana—Stock
1st mort., laud grant, gold (guar, by Pa. RR)
1st mort., gold, ($675,000 are land grant)
income mortgage bonds, for $10,000,000
Consol, mortgage
Green Bay Winona & St. Paul— 1st mort. coup
2d mort. income bonds, reg.. non-cumutative
Gulf Colorado <£• Santa Fe— 1st M., g. ($12,000 p.m.)
2d mortgage ($13,000 per mile), gold
Hannibal & St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
Consolidated mort. (for $8,000,000)
Bonds Quincy
Palmyra RR
Bonds Kansas City & Cam. RR
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
110
28
256
226
675
675
50
35
313
202
307
m
•
77
362
332
332
332
Outstanding
1881
$1,000
1870
500 &c.
’71-’80
1,000
1880
1,000
1881
1,000
1881
1,000
1833
1,000
100 &C.
1870
1882
1,000
1883
1,000
-
-
77&80
1867
219
219
570
83
292
292
292
635,000
13,418,000
3,354.000
2,000,000
600,000
3,134,000
3,031,000
4,200,000
171,500
2.200,000
296,000
4,985,081
1,000
100
3,976^000
1,000
1,000
1,000
1,685,000
(?)
1,000
1,600,000
1,000
3,781,000
6,840,000
1,000
1,000
1881
1867
1,200,000
g.
g.
Where Payable, and by
Whom.
Payable
When
J.
A.
F.
J.
M.
J.
A.
J.
J.
&
&
&
&
&
&
&
&
&
D, N. Y., Mercantile Tr. Co.
0. Pennsylvania RR. Co.
A.
N.Y.,D.,M.&Co.,&Lona.
D. N. Y., Drexel, M. & Co.
New York.
N.
do
J.
New York.
O.
J. N. Y., Metrop. Nat. B’k.
J. N. Y., Central Trust Co.
A. & 0.
pa-^When Due
Stocks—Last
Dividen d.
Dec.
Oet.
Feb.
June
1921
1900
1910
1905
1,
1,
1,
1,
May 1, 1931
July 1,
April 1,
July 1,
Jan. 1,
1931
1913
1890
1922
1
2*2
i*
7
6
7
I. & J.
J. <fc J.
J. & J.
7 g.
7 g.
J. & J. N. Y., Winslow, L. &
A. & O.
do
do
M. & S.
do
do
3
6
8
10
5,083,024
6,000,000
433,000
1,000
g.
6
8
7 g.
6
2,148,000
9,168.700
100
100
g.
7
5
2,339,000
15
53
6
6
6
7
5
6
5
7
6
6
250,000
4,756,000
1,000
1869
1869
1875
1684
1881
1881
1879
1883
Rate per
Cent.
$2,390,000
100
500
.
Bonds—Princi"
INTEREST OR DIVIDENDS.
Amount
Augusta,Ga., RR. Bank.
1
do
do
do
do
do
do
Jan. 15,
1865
Yearly to 1890
’97,1910,1922
1887
Co.
>,
1899
1899
1906
F. & A. N. Y., Nat. City Bank.
do
do
M. & N.
J. & J. N.Y.Nat.Cit.v Bk.&Galv.
A. & 0. New York, Nat. City Bk
Feb. 1, 1911
May 1, 1911
July 1, 1909
Oct, 1, 1923
F. & A. N. Y., Company’s Office
M. & S. N.Y., Bk.of No. America.
do
F. & A.
do
Feb. 15, 1883
Mar. 1,1911
J.
& J.
do
do
Jan., 1892
Jan., 1892
|
!
i
L
Fort Worth 6c JDeuver City.—From Fort Worth, Tex., northwest,
to Wichita Falls, 110 miles, and to be built about 50 miles further,
It was built by Texas & Colorado Improvement Co., G. M. Dodge,
President. Stock $20,000 per mile; par value of shares, $100. Gross
earnings year ending Oct. 31,1884, $472,162 ; net, $221,002; interest,
Morgan Jones, President, Fort Worth.
$143,4c0; surplus, $69,030.
Annual report in V. 40, p. 60. (V. 39, p. 681, 707; V. 40, p. 60, 92,240.)
Frederick 6c Pennsylvania Line.—Owns from Kingsdale to
Frederick City, Md.. 28 miles. It is leased to Pennsylvania RR., which
pays interest on first mortgage. Preferred stock held by Pennsylvania
RR., $461,000; common stock, $318,100; floating debt, .coupons, &c.),
$135,914.
Charles E. Trail, President, Frederick City, Md.
—(V. 38, p. 332.)
Galveston Harrisburg 6c San Antonio.—(See Hap of Southern
Pacifie.)—Owns from Houston. Texas, to San Antonio, Texas, 217 miles;
Lagrange Extension, 31 miles'; Harrisburg to Pierce Junction, 8 miles;
leased, Harwood to Gonzales, 13 miles; total, 269 miles. Western Ex¬
tension, San Antonio to Rio Grande River, connecting with Southern
Pacific, 636 miles; Eagle Pass Branch. 35 miles; total Western Exten¬
sion, 661 miles. Grand total, 939 miles. The extensions to the Rio
Grande at Eagle Pass and to El Paso were completed late in 1882.
This company was successor to the Buffalo Bayou Brazos & Col. Rail¬
way in 1870.
The capital stock outstanding ou the whole road is
$27,093,030. The 1st mort. covers 256 miles of old road and 1,500,000
acres of land.
The proceeds of land sales are used to retire the bonds,
and also a sinking fund of 1 per cent, but. it is optional with bond¬
holders to surrender their bonds, if drawn.
[lu 1883 the first mortgage
bonds were reduced $44,000 by the sinking fund, and ihe amount of
second mortgage bonds was reduced $365,000 by that amount of bonds
canceled which had been held by the company.] In June, 1881, a large
interest in the stock was bought by Southern Pacific parties.
The
mortgages ©n the Mexican Pacific extension cover 636 miles of road,
from San Antonio to El Paso, and the Eagle Pass branch, 35 miles—
671 in all. T. W. Pierce, President, Boston. The land grant is sixteen
sections (10,240 acres) per mile.
For eleven months. Jan. 1 to Dec. 1, 1884, gross earnings were
$2,619,439, against $3,276,880; net, $773,342, against $1,232,037.
In tlie year ending Dec. 31,1883, the earnings and expenses, and the
net income, and payments therefrom, were as follows on the whole road:
EARNINGS, EXPENSES AND INCOME ACCOUNT.
Earnings from—
Freight
Passengers
Mail, express, &c
Total
exp.
Oper.
Net
1883.
$2,674,872
492,258
519,636
$3,686,766
and taxes... 2,270,046
1883.
Net
earnings
$1,416,720
Payments—
Interest on bonds.
Interest on float, debt..
Other payments
BALANCE SHEET
58,424
$1,315,063
$101,657
Total
Surplus
DECEMBER 31, 1883.
$1,416,720
earnings
1,224,995
31,644
•
miles. Built by Richmond & Danville Exten¬
in the R. & D. system The capital stock Is
$7,000,000. Net earnings year endiug Sept. 30, 1884, were $168,978Oct. 1,T884, there were $240,8d0 ear trust notes, but carrying no inter¬
est.
(V. 3 3, p. 202, 738 ; V. 39, p. 706.)
Georgia Railroad 6c Ranking Co.—Augusta, Ga., to Atlanta,
Ga., 171 miles; branches to Washington and Athens,60 miles; Warrenton, Ga.,to Macon, Ga., 76 miles; total owned and operated, 307 miles.
The Western Railway of Alabama is controlled iointly with the Central
RR. of Georgia, this company holding one-half the stock of $3,000,000.
The Macon & Augusta RR., 76 miles, is owned by this company. The
Port Royal & Augusta RR. is owued one-fifth part by this company;
the Atlanta & West Point thirty-five one hundredths by this company.
In April, 1881. a lease for 99 years was made to W. M. Wadlev and
associates (for the Central of Georgia and the Louisville & Nashville
railroads) at $600,000 per year, payable semi-annually, and dividends
are 2^3 per cent quarterly.
In 1883-84 net income from all sources,
including bank, was $650,945, leaving a surplus of $67,287 above all
charges, including 10 per cent dividends. Total surplus of RR. Co. Mar.
31,1884, $1,006,571; of Bank, $141,525.
Grand Rapids 6c Indiana.—Owns from Fort WT iTme Ind., to Bay
View, Mich., 332 miles; branches to Carey’s, Mich., 15 miles; Deer
Lake, 7 miles, and Mitchell, Mich., 8 miles; totftl owned, 362 milles ;
leased and operated: Cm. Richmond & Fort Wayne RR., 86 miles;
Traverse City Railroad, 26 miles; Bay View Little Traverse & Mackinaw
Railroad, 6 miles; Grand Rapids & Mack., 34 miles; total, 515 miles.
The Grand Rapids & Indiana Railroad is operated in the interest
of the Pennsylvania Railroad Co., and $4,000,000 of the first mortgage
bonds are guaranteed by that company, which buys the coupons each
year if any remain unpaid by the earnings, and on January 1, 1884,
$2,140,490 unpaid coupons were held by Pennsylvania RR. and Penn¬
sylvania Company.
First mortgage bonds redeemed by the sinking
fund are replaced by income bonds issued. In. June, 1884, a proposal for
issuing bonds to settle old debts was adopted as stated in V. 38, p. 738,
V. 39, p. 71, by wliioh the new 5 per cent consolidated mortgage is
issued to amount of $13,000,000 for the debt due Penna, RR., &c.
The Co. had laud grants amounting to 852,960 acres, and sold in 1883
22,650 acres, for $225,040, an average of $9 94 per acre. The lands
unsold on Jan. 1, 1884, were 456,097 acres. The assets were $356,423
cash in hands of trustees; $60>.5C2 bills receivable, and cash with
cashier, $19,899. The annual report for 1883, with balance sheet, &o.,
was published in V. 38, p. 507.
Operations and earnings for four years
past on main line were as follows:
Net
Gross
Passenger
Freight (ton)
Earnings. Earnings.
Miles.
Years.
Mileage.
Mileage.
332
69,801,159 $1,692,754 $476,745
1880..
21,309,396
562,890
332
1,940,570
79,316,473
1881..
24,661,483
582,054
332
2,260,291
1882..
93,283,242
28,382,854
653,195
2,332,134
362
1883..
30,314,507 102,398,821
-(V. 38, p. 424, 479, 507, 619, 738; V. 39, p. 71.)
tion Oct. 15, 1884, 313
sion Co., and operated
,
6c St. Paul.—Owns from Green Bay, Wis.>
miles; brauches. 10 miles; leased—Plover
22,163,000 to Steven’s Pt., 6 miles; total, 225 miles. This was a reorganization in
3,699,917 Funded debt
Equipment
278,450 1881 of the Green Bay & Minnesota, which company made default and
Real estate
1,83\483 School fund
1,568,702 the road was sold March 12, 1881. Preferred stock is $2,000,000, and
Materials, Ac
285,614 Other liabilities
Cash & sundiy assets..
1,317,461 entitled to 7 per cent when earned, and common stock $8,000,000, both
591,826 Profit and loss
stocks in $100 shares. Year ending June 30, 1883, net receipts, $99,Total assets
$52,420,613
Total liabilities
$52,420,643 805; interest and rentals, $111,323. Year ending June 30, 18M, net
receipts, $103,075; interest and rentals, $119,749; balance (deficit),
From and after the opening of the whole line, Feb. 1, 1883, the leases $17,492. On Feb. 1,1885, default was made on the first mortgage inter¬
to Southern Pacific were canceled, and the road throughout operated est. Samuel Sloan, President, New York.
(V. 38, p. 30; V. 39, p. 409;
independently. (V. 39, p. 233, 324, 734; V. 40, p. 61, 153.)
V. 40, p. 181.)
Gulf Colorado 6c Santa Fe.—Mileage was as follows Feb. 1,
Galveston Houston 6c Henderson of 1882.—Owns from Gal¬
veston, Texas, to Houston, Texas, 50 miles.
The road wTas opened in 1884: Galveston to Lampasas, 274 miles; Fort Worth Division, Tem¬
1853-4 and sold in foreclosure Dec. 1, 1871, and reorganized as the G. ple to Fort Worth, 128 ; Northeastern Division, Cleburne to Dallas, 54 ;
H. & H. of 1871.
In July, 1880, the company defaulted on its interest Eastern Division, Somerville to Montgomery. 56 miles; Houston Divi¬
and the road was sold in foreclosure Aug. 1, 1882, for $460,000, and sion. Alvin to Houston, 24 miles; total 536 miles. Road opened late in
purchased in the interest of Jay Gould and Russell Sage. The bond¬ 1878 (63 miles), and sold and reorganized April 15, 1879. Formally
holders. by agreement with the purchasers, received new 5 per cent opened under new regime August, 1880, and has been rapidly extended.
bonds for their old bonds, and the road is leased for 99 years, to the See report in V. 37, p. 398. Stock July 31. 1883, $4,560,000.
lu July,
International & Great Northern Railroad Company and bonds guaran¬ 1883, the 2d mortgage was authorized. Earnings and income for three
teed by that company. Stock of the new company is $1,000,000. In years were as follows :
1683.
1881.
1882.
1883 gross earnings were $448,292; expenses, $440,396; net, $7,896.
546
Liabilities.
AssctSt
Construction
$46,007,803
Capital stock.
$27,093,030
—(V-38,p. 331, 357.)
Genova Itliaca 6c Sayre.—Owns from Geneva, N. Y., to Sayre,
Pa., 75 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
Hayt’s Corners branch (leased), 3 miles; total operated, 116 miles.
Organized October 2, 1876, as successor of the Geneva Ithaca &
Athens Railroad (sold in foreclosure September 2, 1876), which had
been formed by consolidation of the Geneva & Ithaca and Ithaca A
Athens railroads, May 25.1874.
In 1880 absorbed the Cayuga
South.
RR., 37 miles. The common stock is $1,275,000; preferred, $400,000
Gross earnings year
endiug oc:pt. 30, 1883, $519,246; net, $72,354;
In 1881-82, gross, $505,468;
Interest, $60,468.
Surplus $11,886.
deficit, $26,955; interest payments, $59,697; total deficit, $36,652.
Georgia Pacific.—Atlanta, Ga., to Coalburg, Ala., 177 miles; Cane
Creek, Ala., to Columbus, Miss., 75 miles; Greenville, Miss., to Johnsonville and branch (N. G.), 5- miles; other branches. 9 miles; in opera
Green Bay Winona
to Marshland, Wis., 209
Miles at end of year
Gross earnings
Net earnings
Disb ursements—
Rentals
Interest on debt
Total disbursements
Balance, surplus
-(V. 38, p. 00.)
226
430
$777,434
$245,940
$1,251,073
$414,093
$2,068,957
$740,494
17,417
146,033
13,158
291,900
430,001
$163,450
$305,353
$32,490
$108,735
$130,001
$310,493
Hannibal 6c St. Joseph.— Owns from Hannibal, Mo., to St. Joseph,
Mo., 206 miles branches—Cameron to Kansas City, 53 miles St. Joseph
to Atchison, Kaus.. lOmiles; Palmyra to Quincy, Ill., 13 miles;
total
operated, 292 miles.
confer a great favor
Subscribers will
DESCRIPTION.
For
headings, Ac., see notes
explanation of column
on
first page of
Harrisb. Portsm'th Mt. Joy
1st mor.,
tables.
<& Lane.—Stock
registered (extended 30 years
Harrisburg <£• Potomac—1st
Date Size, or
of
Pari
Road. Bonds Value.
in 1883).
Connecticut Western—Stock
Hart ford <f;
1st mortgage
Housatonie—Stock
Preferred stock
_
.1
1st mortgage, coupon
2d mort. nonds of 1869
Consolidated mort.. reg
Roust. Bast <6 West Texas.—1st mortgage,
1879-023.
14*6
gold
mile)
(Hempstead to Austin)
IstM., gold.Waco & N’west (Bremond to Ross) —
Consol, mort., land grant, Maiu and Western Div.
Consol, mort., land graut, Waco & Northwest
2d mort., land grant ($5,000
Houston (6 Texas Cent.—1st M.,
1st mort., 1. gr., West div.
per
(main) gold, l.gr.,s.f.
gold (for $18,500,000)
Huntingdon <£• Broad Top— 1st mort.,
Gen. mort.,
2d mortgage,
3d mortgage
gold
gold
consolidated
$1,182,550
140
345
119
58
464
58
522
64
64
64
Scrip for interest 1st and 2d mortgages
Illinois Central—StocK
*
? 1,928
Leased line 4 per cent stock, guar
5 706
Mortgage bonds, sterling
706
Sterling bonds, (sinking fund £20,000 yearly)....
706
Mortgage, sterling
700,000
1853
1874
500 Ac.
100 Ac.
1O0
1883
1,000
507,200
2,491,000
700,000
1865
100
100
500 Ac.
500 Ac.
500 Ac.
820,000
1,180,000
100,000
300,000
300,000
1869
1880
1878
1883
1866
1870
1873
1872
1875
1881
1854
1857
1865
*
INTEREST OR
1,000
1,000
994,000
750,000
1,000
1,000
1,000
1,000
6.262,000
1,140,000
4,117,000
84,000
3,300,000
416,000
367,500
1.497,000
118,895
1,000
1,000
500
500
1,000
Too
29,000,000
100
£200
£200
£200
10,000,000
<
)
2 270,000
----
2,500,000
4,050,000
1,000,000
4
7
Q.-j.
2
Hartford.
& J.
J.
F. &
J. &
A. &
g. M. &
J. A
g. J. &
g. J. &
g. J. &
A. A
M. &
g. A. &
g- A. &
g. F. &
A. &
J. &
M. &
J. &
2
6 g. A. &
5 g. A. A
5 g. J. &
7
6
5
7
6
7
7
7
8
8
6
7
7
5
1
locks—Last
Dividend.
whom.
Pliila., Co.’s Office.
do
do
Phila., Third Nat. Bk.
1*2
5
pal. When Due.
Payable, and by
Bridgeport & Boston.
A.
Bridgeport, Office.
do
do
J.
do
do
O.
N. N. Y.. Union Trust Co.
do
do
J.
J. N. Y., J. J. Cisco & Son.
do
do
J.
do
do
J.
do
do
O.
do
do
N.
do
do
O.
Philadelphia, Office.
O.
do
do
A.
do
do
O.
do
do
D.
S. N. Y., 214 Broadway.
do
do
J.
London.
O.
O. London,Morton R.A
do
do
Jan.
10,1885
July 1, 1913
Jan. 1, 1904
Deo. 1, 1882
July 1, 1903
Jan. 15,
1885
Aug. 1, 1885
July 1, 1889
April 1, 1910
1898
Jan. 1,
1913
July 1. 1891
July 1. 1891
July 1. 1901
Oct. 1, 1913
May 1. 1912
April 1, 1925
Sept. 30,1890
Feb.
1.
1895
April 1, 1895
Dec. 1, 1885
2, 1885
1, 1885
April 1. 1895
Mar.
Jan.
Co. April 1. 1903
D.
Dec.
1, 1905
.
.
;
1R75
1874
1875
,T. & J.
•T. & J.
J. & J.
3*2
these Tables.
Bonds—Princi¬
DIVIDENDS.
Amount
Rate per When Where
Outstanding
Cent.
Payable
$50
54
54
38
108
104
127
127
74
BONDS.
notice of any error discovered In
by giving immediate
Miles
of
mortgage, coupon
AND
STOCKS
KAILKOAD
February, 1885.
article in Chronicle, V. 40, p. 43. and paragraph on p. 72. The first
chartered Feb. 16, 1847, and road completed to St mortgage is a first lieu on the main line at the rate of $20,000 a mile,
Joseph in Feb., 1859. The branches were built under different organiza¬ corering 345 miles of road; it is also a first lien on ten sections of
tions. Tne Bridge across the Missouri River at Kansas City is owned. for each mile, or 2,208,000 acres, which if sold at $3 an acre would
The company had a Congressional land grant and received $3,000,000 more than pay off the entire lien. $6,262,000. The seconi mortgage at
in bonds from the State of Missouri, which loan was repaid in cash in June. 8 per cent, is a second lien on 463 miles of road and also a first lien on
1881, but litigation followed as to the interest payable on the State six sections of land for each mile of road, being 1,777,920 acres in alL;
bonds, the State claiming interest should be paid to it at 6 per cent till if this land were sold at only $2 33 per acre, the proceeds would more
maturity. The U. S. Circuit Court decided the further sum of $476,049 than provide for this entire issue, which is $4,118,000.
The company was
land
The land
for
State, and the case is yet pending on appeal.
past were as follows: 188 L, 29,836 acres
$204,107, average $6 84 per acre; 1882.
acres
were
average $5 51 per acre. The lands unsold Dec. 31.
acres, and amount yet due for lands sold, $707,093.
In
of 8 per cent land bonds were purchased with pi
In September, 1882, a syndicate, including Jay Gould,
and others, bought about 90,000 shares of common stock from
R. Duff, of Boston, and in May, 1883, this common stock
a
to be due the
sales for two years
for $-?7,030,
35,905
1882,
1883 $182,000
oceeds of land sales.
Russell Sage,
John
and large
amount of preferred were sold to the C. B. & Q. RR. Co. at 45 for the
common and par for the preferred, payable in C. B. & Q. 5 per cent bonds
at par.
Preferred stock has prior right to a non-cumulative dividend ot 7 per
cent; then common to 7; then both share. Fiscal year ends Dec. 31.
Annual election occurs in November.
The income account for two
years showed a surplus over all fixed charges of $353,698 in 1883; in
1882
surplus of $39,810, after paying $330,395 for a 6*2 per cent
dividend on preferred stock. (V. 40, p. 182, 240.)
Harrisburg Portsmouth Mount Joy Sc Lancaster.—Owns
from Dillerville, Pa., to Harrisburg,
Pa., 36 miles; branch, Mid¬
dletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for 999
years from Jan. 1, 1861, the rental being 7 per cent on the stock and
interest on the bonds. Operated as a part of main line of Penn. RR.
Harrisburg Sc Potomac.—Owns from Bowmausdale to Sliippens
burg, Pa., 32 miles; branch to mines, 5 V miles; total operated, 37*2
miles. Extensions projected from Bowmausdale to Harrisburg. Bonds
authorized, $1,800,000. Stock $379,165. C. W. Ahl, President, Boiling
15,784
four years,
that exclud¬
ing betterments, renewals and interest on floating debt, the income was
much more than sufficient to meet the first mortgage interest.
was
Western.—Hartford, Conn., to
built; leases, 6
Railroad; total, 108 miles.
Connecticut
Western, pud the State Treasurer took possession. On May 25, 1881,
bondholders re-organized, and stock in new company is issued for
bonds. In March, 1882, the purchase of the Rhinebeck «fc Connecticut
Railroad was made for $800,000 in the stock of this company. Gross
earnings 1882-83, $394,411; net earnings, $68,502.
Housatonlc.—From Bridgeport, Conn., to State Line, Mass., 74
miles; Brookfield June, to Danbury, 6 miles; leased- Berkshire Railroad,
22 miles; West Stoclcbridge Railroad, 3 miles; Stockbridge <fc Pitts¬
field RR., 22 miles; total, 127 miles. The preferred 8 per cent stock was
Issued iu 1845 to pay for laying the road with heavy iron. There are
also $150,000 6 per cent equipment bonds due Feb. 1,1888, and $66,000
5 per cent Daubury branch bonds due October 1, 1912. Operations
and earnings for four years past as follows:
Gross
Net Div. %
Passenger
Freight (ton)
Mileage.
Mileage.
Earnings. Earnings. Pref
Years.
Miles.
$247,283
Hartford Sc Connecticut
Rhinecliff, N. Y., 108 miles, of which lo2 miles are
miles of Poughkeepsie Hartford & Boston
Foreclosure suit was begun in 1880 against the former
.
..
127
7,325,680
7,846,894
8,546,740
8,794,731
17,890,190
17,277,336
17,510,670
15,795,565
$740,997
754,513
746,328
273,981
253,203
735,492
252,251
—(Y. 38, p. 220.)
East Sc West Texas.—Owns from Houston, Tex.,
Nacogdoches, Tex., 140 miles. (Narrow guage, 3 feet.) It is
to build to Marshall. The company has a Texas land grant of 10,240
icres for each mile constructed and equipped. Bonds issued to the extent
>f $7,000 per mile first mortgage and $5,000 per mile
mort¬
Houston
intended
to
second
Stock authorized, $10,000,000; issued, $1,500,000.
Gross
earnings 1881-2, $251,079; net, $143,197; interest on bonds, $56,795
The surplus of $86,401, and cash from land sales, $50,659. wore
applied to construction. Iu 1883 gross earnings, $301,946 ; net, $185,612; interest on bonds, $69,600; surplus for year, $115,012, which was
applied to construction. Paul Bremond, President, Houston, Tex.
(V.
38. P. 571, V. 39. P. 493.)
Houston Sc Texas Central. (-See map of Southern Pacific )—Owns
gage.
Houston, Tex., to Red River City, Tex., 345 miles; branches
—Hempstead, Tex., to Austin, Tex., 118 miles; Bremond, Tex., to
Ross, Tex., 58 miles; total operated, 522 miles. Texas Central RR.
completed from Ross to Albany, 177 miles. The company has a
grant from the State of Texas of 10,240 acres per
ing to about 5,130,720 acres; but the lauds are not on
from
land
mile, amount¬
the line
of the road.
Mr. Morgau, of the Louisiana Steamship Line, bought a
controlling interest in the stock, and in February, 1883, the Southern
Pacific party purchased this interest ($4,400,000 of the stock) with
their purchase of the Morgan property. Total stock is $7,726,900. The
general mortgage of 1881 for $18,500,000 is made to the Farmers’ Loan
<fe
Trust Co. as trustee.
The coupons due January
1, 1885, on first
mort. bonds were not paid
Development Co.,
paid iu October. See
by the company, but were purchased by the Southern
though coupons on the^second mortgages had been
from which it appears
1883.
1884.
Spriugs, Pa.
127
127
127
furnished by Mr. Huntington,
$2,590,375 $3,257,875
Gross earnings
a
..
statement of
renewals and
request of the bondholders’committee the following
earnings, operating expenses, amounts charged to
betterments, and gross interest charges, in each of the past
At the
gross
Operating expenses..$1,579,993
Betterments,renewals
and interest on float¬
ing debt
Total expenses
$1,743,771 $1,748,904
719,290
845,185
$2,299,283 $2,588,956
Surplus applicable for
interest on bonds... $271,092
Tnt. on bonded debt... 1,173,200
$662,919
1,193,^00
$902,108
$53,028
Deficit
1882.
1881.
$3,156,517 $3,748,655
$2,141,872
608,066 1,095,052
$2,356,970 $3,2.J6,924
$799,547 $571,731
1,193,25.4 1,139,965
$1,393,708 $628.17
120, 151, 240.)
LiHuntingdoii Sc Broad Top.—Owns from Huntingdon, Pa., to
Mt. Dallas, Pa., 45 miles; branches—Slump’s Run, 9 miles; Six Mile
Run, 4 miles; and Sandy Run, 3 miles; Long’s Run Br., 3 miles;
total operated, 64 miles. This road was opened iu July, 1856. The capi¬
tal stock is $1,368,650 common and $1,984,600 7 per cent pref. stock.
No dividends ever paid on common stock, and none on preferred from
1865 until Feb., 1884, when 75 cents per share was paid.
Earnings in
1883, $424,494; net, $196,651.
In 1884, earnings, $333,560; net,
$175,724. (V. 38, p. 201 ; V. 40, p. 182.)
Illinois Central.—(Sec Map.)-Line of Road—The Illinois Central
Co. operates a system embracing 1,928 miles of road.
Main line—
Chicago to Cairo. 365miles; Dunleith to Centralia, 341 miles. Branches
—Otto to Colfax, Ill., 60 miles; Buckingham to Tracy, Ill., 10 miles;
Kempton Junction to KankaKee Junction, Ill., 42 miles; Colfax to,
Bloomington, 20 miles; total 132 miles.
Southern Division—New
Orleans- La., to Cairo, Ill., 548 miles; branches: Kosciusko Junction,
Miss., to Kosciusko, Miss., 18 miles; Durant to Lexington, Miss., 12
miles. Total owned, 1,525 miles. Leased—Dubuque to Iowa Falls, 143
miles; Iowa Falls to Sioux City, 183 miles; Waterloo to Minnesota
State Line, 76 miles. Total leased, 402 miles.
Total operated Dec. 31,
1883, 1,928 miles.
On Jan. 1, 18S3, took formal possession of the
Chic. St. L. & N. O. RR., now known as “Southern Division.”
—(V. 38, p. 387; V.
40, p. 43, 61, 92,
chartered in Decem¬
and the whole road, 707
Central was one of the
of the land grant roads.
that the company
earnings yearly in lieu of
lease of the Chicago
& Springfield (Gilman Clinton & Springfiel l foreclosed) for 50 years,
but road is practically owned. The leases of Dubuque & Sioux City RR.
and Iowa Falls & Sioux City are on different terms.
(See the names of
those companies.) The company acquired a controlling interest in the
Chicago St. Louis & New Orleans Railroad, to which it made large
advances
From July 1, 1882, leased the Chicago St. Louis & New
Orleans for 400 years, at 4 per cent per annum on stock, and issued the
above 4 per cent leased line stock, in exchange for the Chic. St. L. A
N. O. stock. The Ill. Central owned all but $7,300 of the total stock
of $10,000,000. Fiscal year ends Dec. 31. Annual election held in March.
Stock and Bonds.—The Illinois Central stock has been held largely
in England. The bonds of the company proper are very limited. On.
the Chicago St. Louis & New Orleans the lessee guarantees the
principal and interest of all the outstanding bonds prior to the 5
per cent bonds, and, by an indorsement on the latter bonds, guar¬
antees the payment of the interest on the same until the principal
is paid.
Of the first mortgage bonds, $541,000 are a prior lien on
that portion of the road in Tennessee.
The consolidated 5 per cent
mortgage bonds of 1951 are to be issued only for redemption of prior
bonds, and their issue does not increase the debt, which is limited to
$18,000,000.
Dividends paid since 1870 (prior to current year) have been: in 1871,
10 per cent; in 1872, 10; iu 1873, 10; in 1874,8; in 1875,8; in 1876,
8; m 1877, 4; in 1878, 6; in 1879. 6; iu 1880, 6; in 1881, 7; iu 1882,
7; in 1883, 8, and 17 per cent in Chic. St. L. & N. O. stock, exchangeable
for leased line certificates; in 1884, 10. Prices of the stock yearly since
1870 havebeen: in 1871, 132® 139^; in 1872, 119^140; iu 1873. 90
126^2; in 1874, 90®1081e; in 1875, 88*2® 106^; iu 1876, M)78^l03%;
in 1877. 401e@79; in 1878, 72^0)87; in 1879, 79^4100%; in 1880,
99^12738; in 1881, 121®140Lj; in 1882, 127%® 150^; in 1883,124
g>148 ; iu 1884, 110® 140; in 1885, to Feb.:20, 1 i9<2® 1 *6 tfTi
Organization, Leases,
&c.—'This company was
ber, 1850, and organized in March, 1851,
miles, opened September, 1856.
The Illinois
first, and has been one of the most successful,
The lands granted were upon the condition
should pay to the State 7 per cent of gross
taxes. The Springfield Division was acquired by a
w
explanation of column
on
first page
headings, Ac., see notes
N.)....
—
do
2d mort., do
—
do
1st mort
do
2d mort
do cons.M., gld. (for $18,000,000)
•
gold
<£ West.—Stock
Illinois Midland—1st mortgage,
Indiana Bloomington
1st mort., preferred, coup, or reg
1st mortgage, coup., may be reg
Income bonds, reg., convertible
Consol, income bonds for $6,000,000
2d mortgage, coupon or reg
1st mortgage, gold, Eastern Division
Amount
Outstanding
Road. Bonds
Value.
1877
1881
1856
1860
1865
1877
1877
1881
1875
$1,000
$1,600,000
1,000
1,000
1,000
2,847,000
1879
1879
1879
1881
1879
1881
1883
1876
1876
1882
1883
1869
1882
1867
1870
100 &c.
500 Ac.
100 &o.
1,000
500 Ao.
Ill
131
206
224
185
567
567
567
147
696
202
202
202
342
202
140
RR
Bonds, coup. ($2,000,000) M. onCh. & Sp.
Bonds, reg., mortgage on Middle Div
Ohio. St. Louis A N. O., 1st M. (N. O.J.& G.
do
do
2d M.
do
Size or
par
Date
of
Miles
of
of tables.
Illinois Central—( Continued)—
do
do
do
do
100 &o.
1,483,000
709,100
1,000
1,400,000
-
Springfleld—1st mort., gold
2d mortgage, gold
Indiana Illinois <£ Iowa—Bonds
2d mortgage
Indianapolis tC Si Louis—1st mort., in 3 series
Mort for $2,000,000, gold, (end. by C. C. C. Sc
Indianapolis «£• Vincennes— 1st mortgage, guar
2d mortgage, guaranteed
I.).
Iowa Falls <£• Sioux City—Stock
1st mortgage. April 1, ’69
Ithaca Auburn <£ West.—1st
2d mortgage, (income for
•
•
•
Too
152
152
110
110
72
72
117
117
184
184
38^
38^
mort. (for $500.000)
3 years)
1869
1876
1877
1,000
1,000
1,000
1,000
2,000,000
500 Ac.
1,700.000
1,450,000
4,623,500
Illinois Central for many years paid
road drained a rich territory, of which it
was the only outlet to Chicago.
But the building of numerous east and
west lines crossing its road cut into its business severely
The company
to extend its business, got possession of the line from Cairo to New Or¬
leans, and invested largely in improving the property. In 1883 its opera¬
tions are included in the Ill. Cent. The III. Central owned $9,992,700
of the $10,009,000 stock, of which $4,422,700 were pledged against the
leased line 4 per cent stock, and the balance of $5,570,u0 • was owned
absolutely by the Illinois Central, and in June, 1883, a distribution of
17 per cent in this stock was made to Illinois Central stockholders.
For 1884 the preliminary statement in Y. 40, p. 120, showed that the
surplus over all charges and 8 per cent dividends was $519,690.
The profits of the whole line, as against the increased liabilities, are
seen in the figures below for 1883 :
INCOME ACCOUNT.
Net receipts—
Net earnings
Interest
Miscellaneous
Total net income..
Disburscmctits—
Rentals paid
Interest on debt
Dividendson Ill.Cen.
Construct’n aec’unts
Bonds redeemed
surplus.
-(V. 38. p.
121,214.)
1,928
1,320
1,320
$8,586,397 $8,905,312 $13,064,743
$
$
$
$
4,187,715
3,962,879 4,421,996 5,264,157
161,105
352,805
112,000
181,825
165,551
286,224
145,732
147,42'.)
4,749,553 5,764,3,91
4,465 266
4 410,208
$
708,702
672,600
1,740,000
842,323
668,000
2,030,000
925,380
$
538,750
2,900,000
632,5..9
50,000
$
$
1,486,203
761,227
531.000
735,696
'
2,030,000
1,271,152
4,593.679 5,60",482
51,132
155,874
156,909
87,' 227, 243, 332, 358 ; V. 39, p. 264; V. 40. p. 61, 105,
Tot.disbursem'ts
Balance,
1883.
1882.
1881.
1S80.
operated.
1,320
Total gross earn’gs.. $8,322,127
Total road
3
96$,625
4,359,076
501,641
...
%
EARNINGS AND EXPENSES
Miles owned
Miles leased
operated
Earnings—
Passenger
.
Mail, express, Ac
Total gross
earnings
Operating expenses and taxes....
Net earnings
.
1881.
1882.
1883.
202
15)9
:
44
352
344
352
401
696
696
$
592,565
924,725
1,020,464
$
$
1,554,616
1,699,310
183,717
260,886
302,592
1,826,066
1,134,874
2,740,227
1,851,574
3,023,366
1,985,847
691,192
888.653
1,036,519
1,049,784
Freight
N. Y., 214
do
do
do
do
do
do
do
N. Y.,
1. 1898
Aug. 1, 1921
July 1, 1886
Oct. 1, 1890
Jan.
Broadway,
do
do
do
do
do
do
do
1,
1,
1,
June 15,
Jan. 1,
Feb.
Nov.
Dec.
do
do
do
Boston, at
1905
1903
July 1, 1906
July 1, 1906
1887
1903
.
Q.-M.
1897
1907
1951
Jan. 1, 1900
April 1, 1909
April 1, 1919
July 1, 1921
April 1, 1909
June 1, 1921
Corbin Bank’g Co
do
do
do
do
do
<lo
1886
July 1, 1919
Nov. 1,
Feb. 1,
1912
1908
May 1, 1900
Mch. 2, 1885
Oct. 1. 1917
Deo., 1906
Jan. 1, 1907
Ofliee.
A. A 0.1 N. Y., Nat. Park Bank.
J. A D. N.Y., Hanover Nat. Bk.
do
do
J. A J.
i
INCOME ACCOUNT.
Receipts—
$
888,653
$
575,770
691,192
Net earnings
$
Disbursements—
253,276
Rentals pai*l
Interest on debt
30,306
479,701
Total disbursements
Balance
—(V. 38, p. 540,
$
1,036,519
$
569,164
433,375
20,752
327,738
28,456
196,119
Miscellaneous
1883.
1882.
1881
931,964
def 43,311
1,023,291
13,228
sur.
594 ; V. 40, p. 151.)
Indianapolis Decatur Sc Springfleld.—Owns from Decatur,
III., to Indianapolis, Ind., 153 miles. This company is successor to
Indiana Sc Ill. Cent. RR, sold in foreclosure April 26. 1875. In Deo.,
1881, was leased to Ind. Bloom. A W. for 50 years, at 30 percent of gross
earnings, hut with a guarantee of $200,000 per year. An
th©
adjustment
1882,
proposed in April, 1881, was partly carried out, but in Nov.,
the trustees of the old 2d mortgage took possession of the road, subjeot
In Feb., 1884, the holders of the prof, stock
to the lease to I. B. Sc W.
and 2d mortg. received notice that they could re convert their holdings
into the old 2d mortgage bonds.
Common stock is $500,000. (V. 38, p.
177
;
V. 40, p. 92.)
Sc Iowa.—Completed and
Judson, Ind., 110 miles. Stock,
Indiana Illinois
Streator Ill., to N.
Drake, President,
Centreville, Iowa.
In operation from
$2,079,900. F. M
to Terre
branches,
St. Louis
A. A T. II. was guaranteed by three other companies, and suit has been
pending as to the rental. ‘’The company was formerly controlled by
the Pennsylvania Company, which owned the stc ek of $600,000, in
connection with the Cleveland Col. Cin. Sc Ind. Interest had not been
paid on the second mortgage and equipment bonds since April, 1878,
and
Juljr 28, 1882, the road was sold in foreclosure for $1,396,000
(subject to 1st mort.) and bought for Clev. Col. Cin. A Ind. Co. and a
company organized September, 1882, with J. II. Devereux as
President. A new lease was made of the St Louis Alton Sc Terro Haute
by which this company and the Cleveland Columbus Cincinnati & In¬
dianapolis are jointly liable for the r<*nt of $450,000 per year as a mini¬
Of the first mortgage bonds series “A” are J. & J.; series “B,”
M. & 8.; series “C,” M. Sc N.; and the C. C. C. Sc I. UR. guarantees
$750,000 of them.
There has been a large deficit on the company’s operations after de¬
ducting the rental. Net earnings in 1? 83 were $172,419; rental paid,
$450,351; interest on bonds, $i 70,000. miscellaneous, $29,431; total,
$649,782; net loss to lessee, $477,363. The road is only incidentally or
Indianapolis Sc St. Iiouis.—Owns from Indianapolis
Haute, Ind., 72 miles; leased line, St. L. Al. Sc T. H. and
193 miles; total operated, 265 miles. The old lease of the
on
new
Ind., to Peoria,
and 28 miles leased
This was a consolidation Nov. 4, 1874, of the Peoria Atlanta A Decatur.
Paris A Decatur and Paris A Terre Haute. Receiver appointed Sept.
11, 1875. June 30, 1883, floating debt $500,000, and receiver’s certi¬
ficates, $1,335,263. There were prior mortgages on the roads forming
this consolidated company. In 1881-82, gross receipts, $290,229; net,
$12,519. In 1882-83 gross earnings were $211,186 ; net, $278. Stock.
$2,000,000. D. II. Conklin, Receiver. (V. 38, p. 295.)
Indiana Bloomington Sc Western.—Owns from Indianapolis,
Ind., to Pekin, Ill., 202 miles, and Indianapolis to Sprwngfield,
Ohio, 142 miles. Leased, Indianapolis to Decatur, 153 miles; Pekin
to Peoria. 9 miles; Springfield to Sandusky, O., 130 miles; Cary, O., to
Findlay, O., 16 miles; Springfield to Columbus, 45 miles. Total operated
696 miles. This was a consolidation in March, 1881, of the Iud. B. A
W. and the Ohio Ind. A Pacific.
The Cincinnati Sandusky A Cleveland
and branch was leased in April, 1831; but of this, 24 miles (Springfield,
O., to Dayton) is leased to Cincinnati Sc Springfield.
In Decem¬
ber, 1881, leased the Indianapolis Decatur & Springfield road, guar¬
anteeing $200,000 per year. The former Indianapolis Bloomington &
Western Company defaulted Oct. 1, 1874, and a Receiver was appointed
Dec. 1, 1874. The road was sold in foreclosure Oct. 30, 1878, and the
company reorganized.
On the first and second mort. bonds the interest was 3 per cent 18791882, 4 per cent 1883-94, 5 per cent 1885-1887. and 6 per cent there¬
after until maturity. The income bonds take such interest from July 1,
1879, not exceeding 6 per cent per annum, as the net ea’ nings may
suffice to pay. $330,000 stock scrip was issued entitled to a dividend
of 7 per cent per annum, after a dividend of S per cent on the common
•stock. After the payment of a 7 per cent dividend, the stock scrip is
convertible into common stock.
The statistics from the annual report for 1883 was in V. 38, p. 594.
Illinois Midland.—Operates from Terre Haute,
Ill., 173 miles, of which 148 miles are owned
Total
*J.
Dividend.
do
A. A O.
do
J. A D.
do
F. A A.
A. A O. N. Y., First Nat. Bank.
J. A J. Treasurer, 67 Wall St.
New York Agency.
M. A N
do
do
M. A N.
Various N. Y., Union Trust Co.
M. A N.
Agency, N. Y. City.
F. A A. N. Y., Farm. L. A T. Co.
do
do
M. A N.
7
7
7
498,090
A
pal,When Due.
Payable, and by Stocks—Last
Whom.
A. A 0.
J. A J.
T. A J.
1%
2.947,500
377,000
J.
7*
F.
M.
J.
T.
6
6
7
6 g.
7
6
500.000
J.
A.
J.
0.
A.
N.
D.
D.
J.
J.
F.
J.
A.
7 g7 g.
600,000
110,000
J.
A
A
A
A
A
A
A
A
A
6
5
8
8
8
7
6
5 g.
7 g.
4 to 6
6
6
4 to 6
6 g.
6
2,778,000|
500
Operations and Finances.—The
10 per cent dividends, as the
Pay’ble
3,000,000
500,000
1,800,000
1,000
1,000
100
500 Ac.
100 Ac.
100 Ao.
Cent.
11,432,000
4,175,000
10,000,800
1,000,000
3,500,000
72,300
4,565,000
1.500,000
1,000
1,000
When
80,000
1,000
1,000
Where
Rate per
968,000
881
Sinking fund^debentures
Indianapolis Decatur *£*
discovered In these Tables.
Bond#—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
Immediate notice of any error
great fttvor by giving
Subscribers will confer a
45
STOCKS AND BONDS
RAILROAD
February, 1885. J
mum.;
advantage to its owners as a
route to St. Louis.
Operations and earnings for four years
past were :
Gross
Net
Earnings. Earnings.
143.947,237 $2,009,922 $608,413
196,029,304
2,048,651 187,670
2,086,776 df. 111,608
266 21,008,318 202,985,772
1893
265 20,96^,061
196,667,532
2,131,621 172,419
Indianapolis Sc Vincennes.—Owns from Indianapolis, Ind.,
to Vincennes, Ind., 117 miles.
The Pennsylvania Company owns a
controlliuginterest in the stock and operates the road, advancing the
deficiency to pay interest on the bonds. The capital stock is $1,402,000;
the debt due to Pennsylvania Co. is $674,<-92.
In 1880 the net earn¬
ings were $60,506; in 1881, $10,260; in 1882, $19,950; in 1883, deficit,
$11,031. Annual interest on debt amounts to $206,000.
Iowa Falls Sc Sioux City—(See 1/dp of Illinois Central).—Own©
from Iowa Falls. la., to Sioux City, la., 184 miles. This road was opened
in 1870 and is leased to the Illinois Central for 20 years from Oct. 1,
1867, at a rental of 36 per cent of the gross earnings. The Illinois
Central has an option of continuing the lease after 1887 at same rental.
This companjr also receives a drawback of 10 per ct. on business to and
from tbeir line over the Dub. & S. City RR., and receives rental for 26
miles of its road used bv the Sioux City A St. Paul Co.
In the year
ending March 31, 1884, tlie total rental was $329,254; receipts from
sales of lands, $441.500; the total income was $843,830, and oil ex¬
penses, Including dividends, $537,367. The contingent fund invested
is $1,450,000. Lands remaining unsold, 45,490 acres. Horace Williams,
Passengci
Years.
Miles. Mileage.
266- 15,285,443
266 19.479,278
Freight (ton)
Mileage.
President, Clinton, la.
from Freeville to Auburn.
A Oswego Midland RR., Western Exten
and tins company organized Sept. 20,
On April 1, 1883, was leased to South¬
ern Central of New York for the term of its charter, at a rental of 33^3
per cent of gross earnings, with guarantee that rental shall eaual 4 per
cent on first mortgage bonds. Foreclosure has been consented to by a
majority of bondholders in order to change the form of bonds to conform
Itliaca Auburn
Sc Western.—Owns
Y., 38 miles. The New York
sion, was sold in foreclosure,
1876. The stock is $975,800.
N.
to the terms
of the lease.
46
RAILROAD STOCKS AND BONOS.
Subscriber* will confer
a
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For explanation of column headings, &c., see notes
on
first page
of tables.
Jacksonville Southeast— 1st mortgage
General mortgage
JetTerson (Pa.)—1st & 2d morts. (Hawley Branch)..
...let mortgage (Susquehanna to Carbondale)
Jeffersonville Madison & Indianapolis—Stock
Jeff., Mad. & Ind., 1st M. (s. f. $15,00u per year),
do
do
2d mort. ($100,000 in 1882)..
.
281
Jersey City <t Bergen—1st mortgage
Jersey Shore Pine Creek <6 buff.—1st mort.,
guar
,
....
Stock, preferred
1st mortgage, land, grant, sink, fund
Mortgage on branches, guaranteed
do
do
Miles
Date
of
of
Road. Bonds
54
112
9
38
224
159
159
6
....
Joliet <t Northern Indiana—1st mort., guar by M. C.
Junction (Philadelphia).—1st mort. (extended)
2d mortgage
Junction <6Breakwater—Funded debt (Del. St. loan)
2d mortgage
Kansas Central—1 st mortgage (for $3,200,000)
Kansas C\ty Fort Scott <& tiuXf— Stock, common
44
3-6
3-6
45
....
168
389
389
159
202
26
.
Equipment bonds (10
retired annually)..
Kans. City Clinton & Spr., 1st mort., gold, guar..
Pleasant Hill & De Soto, 1st mort., gold
Kansas City Springfield <k Memphis—1st mort
Plain bonds (red’ble at will at 105 and int.), guar
Kentucky Central—Stock
Covington & Lexington .mortgage
Maysville Division mortgage
.-General mortgage
Keokuk <&Des Moines— 1st M., int. guar. C. R. I. & P.
per cent
....
151
44
282
....
250
80
50
220
162
1880
18*2
1867
1869
....
1866
1870
....
1883
1877
1882
1865
1860
1876
1881
or
Par
Value.
Outstanding
$1,000
$300,000
1,00!)
1,000
733,000
1.000
■ 100
2,000,000
2,000,000
2,660,000
2,000,000
375,000
.
When
Cent.
Payable
00
3,500.000
....
6
6
7
7
lJg
800,000
425,000
1,000
300.000
....
400,000
6
4
250,000
4
1,34 8,000
4,648,000
2,750,000
2,353,000
2.741,000
390,000
700,000
2,400,000
120,000
7,000,000
f'Oo,000
6
....
1.000
100 &c
1,000
1,000
....
1,000
500
1,000
....
5,599,500
....
....
1855
1.000
220,000
400,000
....
1,000
6,379,000
2,750,000
100 &c.
Jacksonville Southeastern.—Owns from Jacksonville to CentThis was the Jacksonville Northwestern & South¬
eastern RR., projected from Jacksonville to Mt. Vernon, 125 miles. Bonds
were issued at $20,000 per mile,
amounting to $600,000. In 1879 the
company was reorganized by the bondholders under this name. In 1880
the road was extended 23 miles and bonds issued. Stock $1,000,000. In
year ending June 30, 1883, gross earuings, $107,524; net, $25,658;
interest paid, $22,779. W. S. Hook. Presid’t, Jacksonville, Ill.
Jefferson.—Owns from Susquehanna Depot, Pa., to Carbondale, Pa.,
37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles; total, 45
Leased in perpetuity to the Erie Railway for $140,000
per
annum, and now operated by the N. Y. Lake Erie & West.
Capital
stock, $2,096,050. Samuel Hines, President, Scranton, Pa.
Jeffersonville Madison Sc Indianapolis.—Owns from Louis'
J.
J.
J.
J.
7
7
7
6
7
1,000
....
1881
1878
l
Rate per
1,000
....
....
300
....
....
1879
1880
1882
1883
1884
1877
1883
1884
Amount
1,000
1,000
....
2*2
4
antee of interest on bonds and 7 per cent on stock. Lease was modified
from January 1, 1880, the lessees to pay over all the net earnings to
the .T. M. <fe I. Co. In 1881 the Penn. Company purchased $1,939,000 of
the stock. Dividends were at the rate' of 7 per cent per annum till
May, 1880, and reduced afterward. In 1882 interest on bonds was
f329,000 and sinking fund $100,060, leaving
deficit for the year
of
Earu¬
a
74,018. Operating expenses have increased largeljr
since 1880.
ings for three years past were as follows:
Miles
186
201
204
-(V. 38, p. 379.)
Gross Earn.
Net Earn.
1,462,802
1,545,198
1,426,893
365,043
356,807
356,783
Div. p. c.
3
Jersey City Sc Bergen.—Owns from Jersey City to Bergen Point.,
N. J., 6 miles. In 1883 gross earuings, $323,511; net, $104,678; in
1882, gross, $283,884; net, $86,105. Stock, $250,000. Dividends 10
per cent in 1883. C. B. Thurston, President, Jersey City.
Jersey Shore Pine Creek Sc Buffalo.—From Catawissa Junc¬
tion to Stokesdale on the Corning C. <te A. Road, 75 miles.
It is a con¬
nection between Philadelphia & Reading lines and N. Y. Central, and
bonds are guaranteed by these companies and the
Corning C. & A.,
on the condition that guarantors shall advance
money for interest if
needed and take 2d mortgage bonds for such advances. Stock and
bonds mostly held by Mr. W. H. Vanderbilt. Gross earnings in 1883
were
e
$188,728
Joliet Sc
;
net, $17,400.
Northern Indiana.—Owns from Joliet,
Ill., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
main line. Road opened in 1854 and leased to the Mich. Cent. Above
issue of bonds definitely guaranteed was given as a compromise in
place of old 8 per cent bonds. Stock ($300,000) carries dividends of 8
per cent per annum.
Junction (Philadelphia).—Owns from Belmont, Pa., to Gray’s
Ferrv, Pa., about 4 miles
It connects the Pennsylvania, the Phila¬
delphia & Reading and the Philadelphia Wilmington & Baltimore rail¬
roads, coming into Philadelphia. Capital stock, $250,000.
Net earn¬
ings in 1881, $69,956; in 1882, $123,919; in 1883, $130,731. Dividends
are paid according to receipts;
20 per cent paid in 1883.
Junction Sc Breakwater.—Owns from Harrington to Lewes, Del.
40 miles; branch to Rehoboth, 5 miles; total operated, 45 miles.
In,
1883 voted to consolidate with Breakwater & Frankford and theWorcesterrailroads. Gross earnings, 1881,$83,693; net, $30,924. Grossinl882»
&
&
&
Sz
Where
pal,When Due.
Payable, and by Stocks—Last
Whom.
Dividend.
J, N. Y., Am. Ex. Nat. Bk. July 1, 1910
J.
do
do
July 1, 1912
J. Honesdale Nat. Bank.
J. N. Y., by Erie Railroad.
Q.—F. N. Y., Farm. L. & T. Co.
A. & O.
do
do
J. & J.
do
do
J. & J.
J. & D. Phila. P. & R. RR. Co.
J. & J. N. Y., Farm. L. & T. Co.
J. & J. Phila.. 233 So. 4th St
A Si O.
do
do
J. & J. Lewes, Del., Treasurer.
F. & A.
do
do
A. & O. Office, 195 Broadway.
F. & A.
Boston.
F. & A.
do
J. & J. Bost., Nat. Webster Bk.
M. & S.
do
do
F. & A.
do
do
J. & D.
do
do
do
do
A. & 0. Boston, Everett Nat. Bk
M. & N. Boston. Nat. Union Bk.
-
7
7
5
6
5 g.
7 g.
6
6
1
7
7
4 to 6
5
M.
J.
J.
J.
&
&
&
&
A. &
N.
Cincinnati.
D. N. Y., Bank of America.
J N. Y., Morton, B. & Co.
do
J.
do
O. N. Y.,Farm. L. & T. Co.
1887 & 1889
Jan. 1, 1889
May, 1881
1, 1906
July 1, 1910
Jan. 1, 1903
Oct.
July 10,1907
July 1. 1907
April 1, 1900
1890
Feb., 1896
April 1, 1911
Aug. 15, 1884
Aug. 15,1884
July 1, 1908
Sept. 1, 1910
Aug. 1, 1922
Dec. 1, 1893
1924
1907
May 1, 1923
May 1, 1894
May, 1881
June, 1885
1906
July 1, 1911
Oct.
1, 1923
were to be guaranteed by Kans.
City Ft. S. & Gulf. (See V. 39, p. 234.)
The annual report
was in V. 38, p. 618. The following state¬
forJL883
ment gives the earnings and the income account for the four
years,
1880, 1881, 1882 and 1883, but does not include the 50 miles of narrowiiauge road prior to the year 1883 (which during the year 1882 were
widened to standard gauge). The income aceount, however, includes all
lines, the differences in net earnings as stated being due to a defloit of
$6,000 in 1h8o and $9,000 in 1*81, and a profit of $50,745 in 1882, on
the narrow-gauge road.
In 1883 all lines are included in
operations.
'
miles.
ville, Ky., to Indianapolis, Ind., llo miles; branches—Madison, Ind., to
Columbus, Ind., 46 miles; Columbus, Ind., to Sheibvville, Ihd., 24 miles;
Jeffersonville, Ind., to New Albany, Ind., 6 miles; Shelby Si Rush RR.,
18 miles; Cambridge Extension, 20 miles; total operated, 224 miles.
The road was leased to Pennsylvania Company from 1873, with a guar¬
Bonds—Princi
INTEREST OR DIVIDENDS.
Size,
ralia, la., 112 miles.
Years.
[Vou XL.
INCOME ACCOUNT.
1880.
Miles
1881.
oper.(incl.nar-g.)
305
Receipts—
$
Total gross earnings.. 1,212,364
Net earnings
525,915
Interest, &c
58,215
Total income
Disbursements—
Interest on bonds
Leased lines interest..
Dividends
Rate paid on com.....
Do
pref....
584,130
234,350
*36,936
219,837
/
8
Total disbursements.
Balance, surplus
*
p.
689,867
$
2,016,212
837,668
312,700
359,360
2
3
8
663,866
p.
$
20o,059
125.536
502.483
595, 618; V. 39,
1883.
389
765,370
$
182,856
162,629,,
11,360
For four months only.
-(V. 38,
25,966
8
20,330
5,241
81,647
1882.
389
1,703,199
750,319
15,051
$
$
Sinking fund
Mfscellaneous
365
$
1,503,215
663,901
26,001
'
837,668
$
173,203
" 184,003
359,364
_
3
8
26,830
8,980
24,360
26,520
740,6=>5
24,715
767,450
70,218
234, 553.)
Kansas Cllry'Sprlngfield Sc Memphis.—This organization em¬
braces two corporations under the laws or Missouri and of Arkansas to
build a road from Springfield, Mo., to Memphis, Tenn., 282 miles.
Road finished October, 1883. The Kansas City Ft. Scott & Gulf will
appropriate 15 per cent of gross earnings on business to or from the
new road to pay interest on the bonds, or retire the
principal at 110.
Capital stock, $5.250,000.(V. 39, p. 71.)
Kentucky Central.—Owns from Covington, Ky., to Livingston,
Ky., 148 miles; Paris to Lexington, 19 miles; leases Paris, Ky;, to Mays¬
ville, Ky., 49 miles; Richmond to Stanford, 34 miles; total operated, 250
miles. The extension from Paris to Livingston, Ky., about 70 miles, was
completed in 1884. This was formerly the Covington & Lex. RR., which
was foreclosed in 1859.
In 1875 the present company was formed, and
took possession May 1, 1875. TheMaysv. & Lex. RR. was taken Nov. 17,
1876. In June, 1881, a majority of the stock was purchased by Mr. C.
P. Huntington of the Chesapeake & Ohio road.
Enough of the general
mortgage is reserved to retire the third mortgage, due L885. This com¬
pany leased of the Louisv. & Nasliv. RR. its Richmond branch for 99
years from Jan 1, 1883, for $24,000 per annum, with a right to purchase
at any time for $400,OuO.
In Febra iry, 1884. the company needing more money, the stock was
assessed lo per cent, and holders of $5,600,000 of the general mortg.
agreed to take 4 per cent for three years beginning July 1,1884, instead
of 6. Of this the report of Mr. C. P. Huntington. President, in Chroni¬
cle, V. 38, p. 645, gave particulars.
Under the arrangement, the fixed
charges for the year would be $304,990. including interest and rentals.
Iu 1884, gross earnings were $922,107; net, $-118,485.
Operations and earnings for 1881, 1882 and 1883, have been:
$112,864; net, $51,119. Stock is $306,000. N. L. McCready, Presi¬
INCOME ACCOUNT.
dent, New York City.
Receipts—
1881.
1882.
1883.
Total
Kansas Central.—Owns from Leavenworth to
$705,127
$724,363
$842,052
Miltonvale, 168 Net gross earnings
miles. Sold under foreclosure of first
earnings
$214,472
$309,273
$356,819
mortgage April 14, 1879.
Reor¬
Disbursements—
ganized April, 1879. Gross earnings in 1882, $169,5p4; net.$5,864deficit aftei payment of interest, $70,575. Stock, $1,348,000. Union Pac’ Rentals paid
;
$28,000
$28,000
$52,000
Interest on debt
holds $1,313,400 of the stock and $1,162,000 bonds.
70,875
130,630
214,563
Sidney Dillon, Pres* Taxes
17,732
20,412
19,434
Kansas City Fort Scott Sc
Gulf.—Mileage is as follows: Dividends
73,252
Main line—Kansas City to Baxter Springs, 160 miles; branches—Weir
Miscellaneous
23,885
20,297
City to Cherry \alle, 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
Springs to Webb City, 22 miles; Rich Hill Junction to Carbon Centre
Total disbursements
$179,042
$213,744
$306,294
and Rich Hill, 28 miles; Fort Scott Junction to Springfield, 100; Coal$728
$130,231
* $50,525
Vale to Cherokee, 26. Total operated, Dec. 31, 1883, 389 miles. In Balance, surplus
Thecoupohs due .Tan. 1, 1884, were $181,110, and deducting the sur¬
October, 1884, the Pleasant Hill & De Soto road was purchased by the
plus fer the year 18 83. $50,525, there was an actual deficit of $130,585.
Kansas City Clinton & Springfield, and the bonds assumed.
This company was organized April 1, 1879. as successor to the —(V. 38, p. 114, 177, 332,359, 645; V. 39, p. 96, 181, 264, 522, 606: V.
Missouri River Fort Scott & Gulr, which made default October 8. 40, p. 61.)
1873, and was sold in foreclosure February 4, 1879. The first mort¬
Keokuk Sc Be* Moines.—Owns from Keokuk, la., to Des Moines,
gage bondholders of the old road took 80 per cent in the new mort¬ la., 162 miles. This was a reorganization, Jan. 1, 1874, of the Des
gage bonds, and for all other claims stock wns issued.
Moines Valley Eastern Div., sold in foreclosure October 17, 1873.
The branches
nave been huilt mainly by this company and bonds are
guaranteed. The property was leased for 45 years from Oct. 1, 1878, to the Chicago
In August, 1884, it was proposed to build a line of 151 miles from a
Rock Island Sc Pac. RR. on the terms following: that the lessee pay 25 per
point on the main line 28 miles south of Kansas City to a point 20 miles oent of the gross earnings to this company, but guarantee the interest
west of Springfield, Mo., on the Fort Scott S. E. Si Mem. RR.
For this (not th* principal) on the present bonds. The stock is $1,524,600 of 8
purpose each holder of 25 shares of stock of the Kansas City Fort Scott
& Gulf RR. of record Sept. 4, 1884, was entitled to subscribe to one
eld by the lessee. In the year 1882-83 gross earnings were $534,466,
block of the securities of the Kans:is City Clinton Si Springfield Railroad and rental, at 25 per cent, $133,616,
leaving $3,833 deficit on the inter¬
Co., consisting of 6 shares of capital stock at par, $600; $1,000 5 per est charge paid by lessee. A dividend of 1% per cent on preferred stock
cent j U>-year, gold bond at 25 per cent, $250; total,
was
paid December, 1881. (V. 38, p. 148.) ^ <S'L
$S50JHThe bonds
*
.-h-
.
....
*
Eer cent preferred and $2,600,400 of common, a majority of which is
February,
ry
Subscribers will confer a great tavor
explanation of column headings, &c., see
on llrst page of tables.
Lackawanna d Pittsburg—Mortg.
Income bonds
Allegany Cent., 1st mortgage,
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
notes
cumulati—
•
cumulative)
8andusky Extension, 1st mortgage
do
do
'
J
.
62
62
Income rnort., not
income bonds
.
.
•
N. I
bonds..
fund
2d mortgage
do
Buffalo 6c State line, mortgage bonds
Buffalo & Erie, mortgage bonds
Det. Monroe & Tol., 1st mort., coup., guar
Kalamazoo 6c White Pigeon, 1st mortgage
8choolcraft & Three Rivers. 1st mortgage
Kalamazoo & Schoolcraft, 1st mortgage
Lackawanna Sc
1883
1881
1882
1882
386
165
1879
21
21
200
200
50.
1879
1880
1880
1879
1879
1880
Lafayette Bloom. & Muncie, 1st mort., gold
do
do
income M. con. (nbn-oumul.)
Lake Ontario Southern—1st mortgage, gold
1,340
Lake Shored: Michigan Southern—Stock
Guaranteed 10 per cent stock
864
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered 864
864
Consol. 2d mort., do. (for $25,000,000) coup.& reg.
258
Lake Shore dividend bonds
1 at mortgage, sinking fund, M. S. &
3d mortgage (C., P. 6c A. RR.) registered
1st mortgage (C. & Tol. RR.) sinking
of any error discovered in tbese
DIVIDENDS.
451
95
162
162
88
88
62
37
12
13
Pittsburg.—A consolidation in
0
•
m
•
.
m m
•
„
„
1,000
1,000
1,000
1,000
6
6
6 g.
6 g.
6
A. & 0.
New York.
6 g.
7
6
7
6 g.
7
6 g.
1^
5
F. & A. N. Y., Metropolitan
do
do
August.
do
do
F. & A.
&
J.
New York
J.
580.000
do
do
May 1, 1899
Yearly.
6. N. Y., Union Trust Co. July 1, 1905
Nov. 1, 1884
Q.—-F. N.Y.,Grand Cent.Office. Feb. 1.
1885
A. 6c
<
7
F. & A.
J. & J.
l
7
Q.-J.
July 1, 1900
July 1, 1900
Dec. 1, 1903
7
J.
1,356.000
1855
1,000
1,000
5,240,000
920,000
A. & O.
M. & N.
1,000
1,595,000
1,000
849,000
1,000
300,000
7
7
7
7
7
7
7
7
7
8
8
J.
J.
&
&
J.
& J. J
1867
924,000
1,000
1,000
1,000
1,000
New
embarrassed and in Dec., 1884, a receiver was ap¬
and receiver, N. Y. City. (Y. 38, p.
22
miles;
Lake Erie 6k Western.— Owns from Sandusky to Fremont,
miles; Fremont to Celina, 99 miles; branch to Minster, 10
Celina to Muncie, 54 miles; Muncie to Illinois State line, 120 miles;
Illinois State line to Bloomington, 81 miles; total operated, 386 miles.
’
2,784,000
500 &c.
April, 1883, of
UO,UUU
400,000
100,000
100,000
do
do
24,692,000
1867
1855
1866
1866
1868
1876
1869
1867
1,1912
Bk. Aug. 15.1919
Aug. 15, 1899
Aug. 1, 1919
Aug. 1, 1929
Y., Metropolitan Bk. May 1, 1919
M. 6c N. N.
1,000
1,000
1,000
City.
Jan.
1.000
o, i
April 1, 1923
April 1, 1923
Jan. 1, 1922
Jan’ary
1870
1870
1873
1869
?
Stocks—Last
Dividend.
_
2,500 OCC
1,000,000
994.300
49,466,500
533,500
100
100
operates under trackage contract from Lackawanna Junction to
Castle, 207 miles. Stock $5,000,000, of which $1,500,000 is preferred.
The A. C. 1st mort. bonds are redeemable any time at 105. In 1884
Geo. D. Chapman, pres’t
202; V. 39, p. 681.)
-
Whom.
327,000
•
1,000
1,000
1,000
•
Payable
59,000
36,000
7,720,000
1,815,000
1,485 000
'
pal,When Due.
Cent.
299,000
Tables.
Bonds—Princi¬
Payable, and by
When
1,000,000
500 &c.
Where
Rate Tier
$1,624,000
....
Central and the Lackawanna & Pittsburg. Road operated
Jan., 1884, from Lackawanna Junction, New York to. Perkinsville. 42
miles; Swain’s to Nuuda, 12 miles, and Olean to Angelica, 40 miles.
The last-named line is 3 ft. gauge and the others standard gauge, also
pointed.
Outstanding
1,000
the Allegany
Company became
Amount
$....
„
„
gold
gold
Lake Erie d Western—Stock
1st mortgage, gold
Income bonds convertible (not
47.5J
BONDS.
■ ,;
'
by giving Immediate notice
(for $2,000,000)
2d mortgage,
do
do
r
INTEREST OR
DESCRIPTION.
For
m
i i /
? m ?
:
AND
STOCKS
RAILROAD
1885.1.
1
& D.
A.
J.
A.
M.
A.
&
6c
&
&
&
0.
J.
O.
April 1,
May 1,
Oot. 1,
July 1,
April 1,
Sept. 1,
April 1,
Aug. 1,
Jan. 1,
July 1,
July 1,
Coupons are paid by
Treasur’r at Gr’nd
Central Depot, N.
Y., and registered 1
interest by Union
Trust Company.
f
S.
O.
F. & A.
J.
J.
1899
1885
1892
1885
1880
1886
1898
1906
1890
1887
1887
1
108; 1880, 95® 13958; 1881.112583)135%; 1882, 98012O1q ; in 1889,
92%3 11478; in 1884, 59kj®104%; iu 1-85,to Feb. 20, 59^^67.
The first consolidated mortgage bonds are redeemed each year by
$250,000 contributed to the sinking fund.
The above bonds of
classes outstanding are given less the amounts held in the
ail
sinking
funds, which amounted to $3,250,000 Dec. 31, 1883.
Operations, Finances. &c.—The annual reports of this company are
models of clearness in all the statistical matter. The road is greatly
dependent on through traffic, or traffic from competitive points, and ita
business is therefore
injured by any cutting of rates on
trunk line
freights.
1882, 140,500 shares preferred stock and 124,sOO shares of com¬
stock of the New York Chicago 6c St. Louis Railroad (a con¬
trolling interest) were purchased and $6,500,0u0 of Lake S.
S. 2d consol, mortgage bonds issued to pay for it, making an additional
m
mon
& Mich.
interest charge of $456,890 per annum, which can only be compen¬
12,1879, of the Lafayette Bloomington & sated directs when the N. Y. Chic. & 8t. L. pays dividends. But thia
Western. The line embraces the former purchase placed the Lake Shore in a new position, controlling two lines
Lafayette Bloomington 6c Mississippi road and the Lake Erie & Louis¬ from Buffalo to Chicago and leaving only the Grand Trunk of Canada
ville. There are also $165,000 in car trust certificates outstanding.
not under Vanderbilt control
The earnings of the road during the past three years have shown a con¬
The statement for the year 1884 (December being estimated) as sub¬
siderable deficit, which was owing partly to failure of the crops and low mitted by the Treasurer, in comuarison with 18H3, was as below, on
freight rates but iu 1883-84 a lai ge decrease in o, erating expenses was which statement the quarterly dividend, due in February, 1885, waa
made, thus increasing net earnings and reducing the deficit.
passed:
1883.
1884.
The fiscal year of this company terminates June 30. For the year
1883-84 the report was in the Chronicle, V. 39, p. 492.
Gross earnings
$13,513,056
$14,902,000
1882-83.
1883-84. Operating expenses and taxes
1880-81.
1881-82.
11,001,854
9,160,500
This was a consolidation, Dec.
Muncie and the Lake Erie <fc
Earning8—
Passenger
Freight
Mail, express, &c...
$
$
362,608
936,008
155,397
323,474
916,969
176,423
$
348,532
1,023,032
131,959
$
308,033
815,037
141,124
Net earnings
Deduct for interest,
rentals, etc
Balance
Total gross earn..
Operating expenses—
Maint. of way. &c..
Maint. of equipm’nt.
Transportation exp.
1,416,866
1,424,013
1,503,523
1,264,194
319.791
103,331
291,864
133,436
549.347
380,591
154,084
651,993
228,762
127,725
495,567
521,343
General
36.f 34
67.535
Constructs & equip.
45,269
Taxes
Total
Net
earnings
48,365
64,525
66,543
1,154,080
1,094,203
322,663
269,933
•
56,876
7c,485
56,4 64
56,731
115,490
1,429,524
73,999
39,180
1,004,429
259,765
$
$
Dividends paid, S per
per
Receipts—
$
’*
$
259,765
317,218
383,322
Interest on debt....
312,255
310,653
Balance
sur. 5,445 def. 42,322 def. 236,654 def. 123,557
—(V. 38, p. 114; V. 39, p. 210, 264, 492 ; Y. 40, p. 92,182.)
Lake Ontario Southern.—Owns from Sodus Point. N. Y., to
Stanley, N. Y., 34 miles. This company wTas a consolidation, Dec. 2,
1879, of the Ontario South and the Geneva Hornellsville & Pine Creek
railroads. Stock, $940,475. Gross earnings in 1880-81, $31,088.
Lake Shore 6c Michigan Southern.—(See Map.J—iAVE of
Road—Buffalo, N. Y.,to Chicago, Ill., 540 miles; branches owned, 324 m.
Other lines owned as follow’s: Detr. Mon. & Tol., 62 miles; Kalamazoo A.
White Pigeou, 37 miles; Northern Central (Mich.), 6d miles; total, 160
miles. Roaos leased are as follows: Kalamazoo Allegan & Gr. Rapids.
58 miles; Jamestown & Franklin, 51 miles; Mahoning Coal R., 43 miles
Detroit Hills. 6c Southwest., 65 miles; Fort Wayne & Jackson, 98 miles;
total, 315 miles. Total road owned leased, and operated, 1,340 miles.
Organization, &c.—This company was a consolidation of the Lake
Shore RR. and Michigan Southern 6c North. Indiana RR. May 27, 1869,
and the Buffalo & Erie RR. August 16, 1869. The consolidated line em
braces the former roads of the Cleveland & Toledo and the Cleveland
The stocks of some of the railroads
Painesville 6c Ashtabula railroads.
which entered into the consolidation forming the Lake Shore & Michigan
Southern road had oeen largely increased by stock distributions, and on
the lines between Buffalo and Toledo the profits had been so ljirge that
the capital of several of the companies had been repeatedly watered.
The consolidated line (including Detroit Monroe & Toledo) then em¬
braced 927 miles, with $34,938,000 stock and $22,283,000 funded debt.
The Detroit Monroe 6c Toledo, Kalamazoo & White Pigeon, and the
Northern Central of Michigan, are proprietary roads controlled by
ownership of their stock. The New York Chicago 6c St. Louis road is
similarly controlled by the purchase made in 1882.
The Chicago 6c
Canada Southern is also operated by the Lake Shore 6c Michigan South.
Stocks and Bonds.—The guaranteed stock of $533,500 carries 10 per
cent dividends. The ordinary stock lias paid the following dividends
since 1870, viz.: In 1871,8; iu 1872,8; in 1873,4; in 1874, 3%: in
1875,2: in 1876. 3%; in 1877, 2; iu 1878, 4; in 1879, 6^; in 1880,
1881, 1882 and 1883, 8 percent each year; in 1884, 7.
The range in prices of stock since 1870 has been: Tn 1871, So^^lldki;
1872, 83V®98A4; 1873, 57%o;97%*, 1874,
1875, 51
SO1*; 1876, 48%'5>685e; 1877, 45^73385 1878, d7^!^; 1879,67'®
322,663
269,933
73,999
3,498,806
$5,741,500
3,753,611
$4,012,996
$1,987,889
3,957,320
2,473,325
cent for 1883 and 5
cent for 1884
Sur.
$55,676
Def. $485,436
for 1883 was published in V. 38, p. 569. containing
the tables below, showing the earnings and income account for a series
The annual report
of years:
Freight
Mail, exp.,
1881.
1880.
Total gross earnings.
Net
earnings
P.c.of op.ex.
toear’gs
18,749,461
17,971,391
8,331,356
55*56
6,692,963
62*76
1883.
1882.
$
$
3,761,008 4,134,789 4,897,185
.....
14,077,294 12,659,987 12,022,577
rents, &c.
911,159 1,176,615
1,305,877
$
Earnings—
Passenger
INCOME ACCOUNT.
Net earnings
$7,511,802'
$
4,736,088
12,480,094
1,297,474
18,225,639 18,513,656
7,167,832
60*67
7,511,803
59*43
1881.
1882.
1883.
208,662
$
6,692,963
238,675
$
7,167,832
98,392
7.511,803
8,540,018
7,781,638
7,266,224
7,670,343
273.925
357,087
2,714,955
53,350
471,876
3,132,126
8
8
INCOME ACCOUNT.
1880
$
Receipts—
8,331,356
Net earnings
Interest, divid’s, &c.
Pr.onbds.&st’kssold
Total income....
850,000
$
158,540
TVj Qhii 1*801Y1 fill /<?
282,955
Rentals paid
2,622,730
Interest on debt
Dividends, guar
53,350
3,957,320
Dividends, ordinary.
Rate of dividend
New cars & engines*.
8
....
Total disbursem’ts
*
....
In 1880 this item
7,771,371
1,623,662
10,267
3,957,320
7,082,712
183,512
53,356
3,957,326
7,614,666
55,677
charged to operat¬
amounted to $1,019,000, but was charged
amounted to $700,000, but was
and in 1882 it
general account below
GENERAL BALANCE AT
1880.
Assets—
Railr’d, build’gs, &c.
Equipment
K’l est. & office prop.
Ch.&raii.So.bds.,&c.
Stocks owned, cost..
Bonds owned, cost..
Advances
Materials, fuel, &c...
Cash on hand
Uncollected earnings
Total assets
8
6,916,356
ing expenses,
in
53,350
3,957,320
674,949
199,597
Miscellaneous
Balance, surplus
2,612,230
CLOSE OF EACH FISCAL YEAR.
1881.
1882.
$
$
223,597
660,000
2,288,358
1,924,080
1,253,778
973,785
3,410,798
744,291
94,719,287
1883.
$
69,848,600 70,048,600
16,150.000 17,169,<;00 17,300,000
305,798
365,780
365,786
660.000
715,000
660,0.0
1,907,386 8,702,428 9,414,477
2,115,180 2,127,180 1,554.036
1,409,578 1,394,956 1,421,342
1,166,890 1,355,153 1,221,178
724.669
534,275
317,320
994,797
604,312
582,54595,282,898 109 rre* "34 102,940,272
68,862.600 69,848,600
14,378,000
$
RAILOD
STOCKS
AND
BONDS
RAILROAD
February, 1885.]
Date
of.
of
Road. Bonds
Miles
of tables.
Lake Shored: Michigan Southern—( Continued)—
Kalamazoo Allegan & Gr. Rapids, 1st mortgage...
Kal. Allegan & Gr. Rapids, stock, 6 p. c. guar—
Jamestown & Franklin, 1st mortgage
Jamestown & Franklin, 2d mortgage
Lawrence—Stock
1st mortgage
58
*51
51
22
17
41
22
22
25
323
101
101
232
60
Lehigh d Hudson River—1st mortgage, gold
Warwick
do
Valley, 1st mortgage
2d mortgage
Lehigh d Lackawanna—1st & 2d mortgages
Lehigh Yalley—Stock ($106,300 is pref.)
1st mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ & £ (s. fd. 2 p.c. y’ly) cp.& reg.
Easton & Amboy. 1st mort., guar.(for $6,000,000)
Delano Land Company bonds, endorsed
Little Miami -Stock, common
Street con. 1st M. bds (jointly with
196
Oin.& Ind.RR.)
•
extension
main
•
m
$
50,000,000
Bds, (see Supplem’t)
Dividends
Other liabilities
Profit and loss
•
•
•
-
~
m
95
1868
..
m
m
.
®
.
^
^
®
1,000
50
•
1,000
1,000
1,000
1,000
1,000
50
m
1,000
1,000
™
.
.
1875
500 Ac.
1876
1881
500 <feo.
m
m
1,000
50
50
500
500
m."
....
1860
1868
1882.
1883.
$
50,000,000
$
$
50,000,000
50,000,000
37,189,000 38,439.000 44,716,00 * 44,466,000
2,005,335
1,016,005
1,016,005
1,016,005
1,115,402
2,133,677
822,729
2,506,589
4,702,223
4,951,678
4,712,491
4,896,002
$45,000
per year
guaranteed as a minimum. Lease has been trans¬
ferred to Pennsylvania Co., by vhich the road is now operated. Gross
earnings in 1882, $226,910; net, $107,191; rental, $90,764; gross in
1883, $257,109; net, $135,391; rental and interest, $102,843.
Lehigh Sc Hudson River.—This road was opened from Grey-
count, on Erie road, to Belvidere, N. J., 63 miles, August,
solidation April, 1882. of the Lehigh & Hudson River and
1882. Con¬
the Warwick
Valley roads. In addition to above there are $65,000 Wayawanda 6 per
Stock, $1,340,000. In 1883-84 gross earnings,
$162,795; net, $74,242; interest on bonds, ;$81,802. In l8»2-83 gross
cent bonds due
1900.
earnings $163,780, net,$67,331. Grinnell Burt, Pres., Warwick, N. Y.
Lehigh Ik Lackawanna,-Owns from Bethlehem, Pa., to Ban¬
gor, Pa., 32 miles.
This road was opened in 1867. It is leased
to the Lehigh Coal & Nav. Co., and operated by Central RR. of New
Jersey. Of the above bonds, $100,000 are a 1st mort., and $500,000 2d
mort. Capital stock, $375,100. Gross earnings in 1883, $63,839; net,
$19,315. Gross earnings in 1882, $53,839; net, $9,981.
Lehigh Valley.—Owns from Pliillipsburg (Pa. Line), N. J., to
Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried,
18 miies; Hazle Creek Bridge to Tomhicken (and branches), 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
tion to Mt. Carmel (and branches), 61 miles; Slatedale branch, 3 miles;
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wilkesbarre, 10 miles; also owns the Easton <fc Amboy RR., Amboy,
N. J., to Pennsylvania Line, 60 miles; total operated, 323 miles.
This is one of the most important of the coal roads, and was able to
maintain moderate dividends in the years of depression when the other
companies suspended. Dividends on the ordinary stock have been as
follows since 1870: In 1871,1872.1873, 1874 and 1875,10 per cent
Rate per
Cent.
8
3
7
7
2
7
6
6
6
7
2
6
7
6
5
When
A
J.
A. & O.
J.
J.
& J.
& D.
Q.- J.
Stocks—Last
Dividend.
Payable, and by
Whom.
Payable
J.
-
Where
pal,When Due.
]
J
>•
See
r
[
preceding page. (
Pittsburg Office.
July 1, 1883
Oot. 1, 1884
Var.to J’ly,’97
Oct. 1, 1894
Jan., 1885
F. & A. N. Y., Winslow, L. & Co.
J. A J. N. Y., Nat. Exch. Bank.
A. A 0.
A. & O.
J. A D.
Philadelphia.
Aug., 1895
July 1, 1911
800,000
1899
145,000
1911
240,000
Dec. 1. 1907
600,000
Jau. 15. 1885
Q.-J.
Philadelphia, Office.
33,123,834
J. A D. Reg. atoffiee; cp.B’kN.A
Juue, 1898
5,000,000
M. A S.
Philadelphia, Office.
Sept., 1910
6,000,000
do
do
J. A D.
1898 <& 1923
13,686,000
M. & N.
do
1920
do
2,500,000
7
do
do
J. & J.
Jan., 1892
1.395,000
Deo. 10.1884
2
Cincinnati.
4,637,300
Q.-M.
6
Various Cinn., Lafayette Bank.
1894
250,000
M. & N. N. Y., Bank of America. Nov. 2, 1912
5
1,400,000
Boston, Treasurer.
July 18, 1881
4,505,308 10 stock.
L A J. N.Y.,Wm.C.SlieldonACo Jan. 1, 1905
7
2,453,500
J. & J.
7
638,332
Jan. 1, 1906
7
J. A J.
Boston, Co.’s Office.
1,871,500
do
do
A. & O.
1911
7
1,106,000
Jan. 16, 1885
J. & J.
3ifl
2,487,850
Philadelphia Office.
1
10,000,000
Q-F. N.Y.,Corbin Bank’g Co. Feb. 2, 1885
do
M. & N.
do
7
May, 1890
175,000
do
do
M. A N.
7
May, 1898
1,121,500
329,000
^ .
Total liabilities.. 94,719,287 95,282,898 102,761,684 102,940,272
—(V. 38, p. 295. 569, 571, 751, 763; V. 39, p. 47, 202, 203, 235, 553,
593, 606, 721, 733.)
Lawrence.—Owns from Lawrence Junction, Pa., to Youngstown, O.,
18 miles: branch from Canfield Junction to Coal Fields, O., 4 miles; total
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869,
to Pittsburg Fort Wayne & Chicago RR. at 40 per cent on gross earnings,
with
450,000
1,000
1864
1882
®
500,000
50
1869
1870
1873
1880
1872
m
$340,000
610,000
335,000
1,000
1,000
1865
1881
1879
1881
1877
.
Outstanding
$1,000
....
.
Amount
Par
Value.
1863
1869
Bonds— Prinoi.
INTEREST OR DIVIDENDS.
Size, or
1881.
1880.
Liabilities—
Stock
*
31
354
—
..
•
170
Long Island—Stock
1st mortgage,
1st mortgage,
•
84
168
165
Renewal mortgage
Little Rock d Fori Smith—Stock
1st mort., land grant sink, fund (for $3,000,000)..
Funding coupon scrip
Little Rock Miss. River d Texas—1st mortgage
2d mortgage
Little Schuylkill—Stock
49
BONDS.
%
DESCRIPTION.
first page
AND
by giving Immediate notice of any error discovered in tbese Tables
Subscribers will confer a great favor
on
STOCKS
Little Miami.—Owns from Cincinnati, Ohio, to Springfield * Ohio
64 miles; branch, Xenia, Ohio, to Dayton, Ohio, 16 miles; •eased,
Columbus & Xenia Railroad, Xenia to Columbus, Ohio, 55 miles;
Dayton & Western Railroad, Dayton, O., to Indiana State Line, 37 miles;
Ohio State Line to Richmond, Ilia., 4 miles; total operated, 196 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the portion between Xenia and Springfield is now operated as a branch;
for the remainder of the main Due, as given above, the Col. & Xenia
road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the Day(Dayton to Ind. State line) and the Rich. & Miami (State line
to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
Dayton; these three roads go to form the branch of 57 miles given
above.
The partnership agreement was dissolved Nov. 30,1868, and a
ton & West.
contract made by
the Col. & Xenia
the above-named branches, was leased to the
On December 1, 1869. the Little Miami,
leased to the Pittsburg Cincinnati &
was
which
road, including its interest in
Little Miami for 99 years.
with all its branches, Ac.
St. Louis Railroad Com
for 99 years, renewable forever.
The Pennsylvania Railroad
Company is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is 8 per cent on $4,837,300, interest on debt and $5,000 per
annum for Little Miami Company’s expenses of organization; the fulfil¬
ment of the lessor’s lease obligation is also stipulated.
In 1883 the
pany
earnings were $1,753,824; net, $283,452; lease rental, Ac., of
lessee, $689,232; loss to lessee, $405,780, against $266,015 in 1882.
gross
Llttle|Rock A Fort Smith.—Owns from Little Rock, Ark., to
Fort Smith, 165 miles; branohes, 3 miles; total, 168. In Dec., 1874,
the property (then 100 miles), including the land grant, was sold in
foreclosure. This company afterwards built 65 miles, and opened the
road to Fort Smith July 1,1876. Six coupons of July, 1876, and after
were funded ihto 7 per cent notes.
In June, 1983, it was proposed to
fund into 10 year scrip the coupons falling due July, 1883, and Jan¬
uary,
1884, and pay off floating debt, on account of the suits pending
in the U. S. Supreme Court against this and others roads by the holders
of Ark. State bonds. Payment of coupons in cash resumed July, 1894.
The lands unsold Jan. 1, 1884, amounted to 663,487 acres and land
notes, $532,835; in 1883, 40,676 acres were sold for $143,688; in 1882
49,431 acres sold for $167,587. In 1884 gross earnings were $589,071,
net, $245,582. In the year 1883 the gross earnings were $573,490;
net, $238,290; interest on
bonds, taxes, Ac., $22J,414; balance, sur¬
(V. 38, p. 30, 509
plus, $17,876. J. H. Converse, President, Boston.
V. 39, p.181.)
*
from Littl
miles; Rob
paid; in 1876, 9; in 1877, 5^ ; in 1878,1879 and 1880, 4; in 1881, 5^; Roy Junction to Micawber, 4 miles; total, 170 miles.
This com¬
m 1882, 6*fi; m 1883 and 1884, 8 per cent;
Prices of the common stock
in Philadelphia since 1S77 were as follows: In 1878, 32%®42*4; in pany was a reorganization of the Little Rook Pine Bluff & New Orleans
Railroad and the Mississippi Ouachita & Red River Railroad.
Both
1879, 33^®55; in 1880, 46®57%; in 1881, 57ifla>64V, in 1882 58*4® those
companies
received
land
grants
and
State
aid
bonds,
and
this
com¬
67%; in 1883, 63®73%; in 1884, 57®717&; in 1885 to Feb 20, 56&
pany is involved with others as defendant in the suits by Arkansas Stats
60.
bondholders. The coupons due Jan. 1,1983, were not paid, and scrip
New stock was allotted at nar. in the proportion of one new share
offered to bondholders for two years’ interest to be funded, in order
Id shares, and the privilege expired Feb. 15,1884. was
to holders of five old
to enable the company to pay off a floating debt contracted in building
The stock was to be paid for in instalments during 1884, but the total
20 miles of new road built in 1881, and which the directors paid for with
stock as increased is given above. The amount of $5,520,000 thus
their personal notes. As collateral they took $400,000 in honds.
The
raised was for construction and improvements, and also to re imburse
interest on the first mortgage bonds amounted to $ L30,000 a year. The
the company for the retirement of $1,300,000 sterling bonds paid off.
net receipts in 1882 were $108,000.
In 1882 gross earnings from
The fiscal year ends November 30. The last annual report was in
traffic, $321,862; net, $99,601. In 1883 gross earuiags were $416,582;
the Chronicle, V. 38, p. 201.
It is one of the peculiarities of the net, $98,177.
In 1884 gross, $368,271; net, $25,523. The stock la
company’s annual report that no general balance sheet is given. The
Atkins, President, Boston, Mass.
earnings, expenses and income account for the fiscal years ending Nov. $3,594,600. Elisha
30, were as follows:
Little Schuylkill.—Owns from Port Clinton to Tainanend, 28
1882-83.
1883-84.
Earnings—
1881-82.
miles; branches, 3 miles; total operated, 31 miles. The East Maha$7,401,796
Coal freight
$7,158,744
noy RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Phila.
1,985,405
Other freight
2,269,021
A Reading July 7,1868. The Little Schuykill Railroad is leased to the
830,949
Passenger, mail, express, &c
:.
732,304
Philadelphia & Reading Railroad for 93 years from July 7,1868, at •
..
_
Total gross earnings
Operating expenses
Net
...
.
fixed annual rental.
$10,160,069 $10,218,150
5,833,677
6,175,656
Leased—Smithtown A Pt. Jefferson RR„ 19*0 miles; Stewart RR. to
INCOME ACCOUNT.
1883-84.
1881-82.
1882-83.
Receipts—
Net earnings...
Other receipts and interest
$
4,326,392
1,079,243
$
4,042,494
1,092,022
Total net income
Disbursements—
Interest on debt
5,405,635
$
2,019,734
5,134,516
$
2,031,675
4,910,279
$
2,057,208
421,920
473,355
2,372,242
General, taxes, floating interest,
loss on Morris Canal, &c
375,490
2,350,516
Dividends*
Charged for accum. depreciations
Total disbursements
Balance, surplus
.
551,349
5,300,089
105,546
2,210,378
347,944
5,011,917
—(V.38, p. 60, b7, *01, 2u3; V. 39, p. 370; V. 40, p.
4,902,804
122,599
37,475
in 1832, 10 on pre¬
*In 1881,10 on preferred ando^ on common;
ferred and 6Lj on common ; in 1883, 10 on preferred
and 8 on common.
121.)
Long Island.—Owns from Long Island City, N. Y., to Greenn! Y., 95 miles; branches, 87 miles; total owned, 182 miles.
Bethpage, 14*5; Stewart RR. to Hempstead, 1*8; New York A Rockawajr
RR., 8*9; Brooklyn A Jamaica RR , 9 6; Newtown A Flushing RR.,
3-9; Brooklyn A Montauk, 67; Manhattan Beach RR., 10-7; N. Y. Bay
Ridge A Jam., 8T; L. I. City A Man. Beach, 1*4; Hunter’s Point A So.
Side RR., 1*5; Far Rookaway bran oh, 9 4; L. I. City & Flushing RR.,
7-8.
Total leased and operated, 174 miles. The total of all the roads
owned and operated is 354 miles.
The Long Island Railroad went into the hands of a receiver October,
1877, but in 1881 the company resumed possession. The second mort¬
gage bonds were issued to take up floating debt of various classes.
The control of the company was sold to the “ Long Island Company,**
controlled by Mr. Austin Corbin and others, in Dec., 1880. In July
1881, the stock was increased from $3,260,700 to $10,000,000, but tne
terms of increase and price realized on the additional stock have never
been made public. In August, 1881, most of the holders of Smithtown & Port Jefferson bonds and N. Y. & Rockaway bonds agreed to
exchange their bonds for the consolidated mortgage, bearing 5 per cent.
No annual reports have been issued and the only information obtained
port,
$4,326,392 $4,042,494
earnings
Little Rock Mississippi River Sc Texas.—Owns
Rock to Arkansas City, 113 miles; Tripps to Warren, 53
is from the statistics furnished the State Authorities. The road
much improved in its operating department under the presen
lit- ,
has been
manage
Pi
RAILROAD
50
Subscribers will confer a great favor
DESCRIPTION.
For
i.fi
explanation of column headings, &c., see notes
on first page of tables.
Long Island—(Continued)—
2d mortgage
Consol, mortgage, gold (for $5,000,000)
New York & Rockaway, guar. int. only
Smitbtown <fc Port Jefferson mortg., guar
Equipment certificates
Long Inland City & Flushing—1st M.. coup, or reg.
Income bonds (cumulative) ($350.000)
Los Angeles dk San Lnego—1st M. (for $2,800,000)..
do
[VOL. XL*
Bonds—Princi
INTEREST OR DIVIDENDS.
Date
pal.When Due.
Miles
Size, or
Amoimt
Where Payable, and by Stocks—Last
Rate per When
of
Par •
of
Outstanding
Whom.
Dividend.
Cent.
Road. Bonds Value.
Payable
156
164
10
19
#
10%
10%
27
112
255
255
255
130
Memphis & Ohio, 1st mort., sterling, guar
83
Memphis & Clarksville hr.. 1st mort., sterling
135
Mort. on Ev. Hen. & N., gold
1,079
3d mort.,collateral trust, gold, sink, fund
783
10-40 Adj. M., gold, coup, or reg. (red’ble aft. ’94)
141
1st mortgage on New Orleans At Mobile RR
mort. S.&N.Ala.RR..
St.L.RR.,coup.orreg.
BONDS.
by giving immediate notice of any error discovered in these Tables.
Louisiana Western—1st mortgage, gold
Louisville Evansville dk St. Louis.—1st mort
2d mortgage, gold
Income bonds
2,06o
Louisville dk Nashville— Stock
802
General mort., gold, coup, or reg. ($20,000,000).
Louisville loan, main stem (no mortgage)
38
Lebanon branch, Louisville loan
110
do
extension, Louisville loan
172
$1,500,000 Lebanon-Knoxville extension mort..
46
Cecilian Branch, 1st mortgage
392
Consolidated 1st mortgage
2d mortgage
do
Bonds sec’d by pledge of 2d
1st M., gold, on Southeast.At
AND
STOCKS
141
189
208
1878
1881
1871
1871
3,4 0,000
250,000
500
500
100.000
7
1,000
1,000
1,000
600,000
1,000
2,240.000
1,000
1,000
1,000
3.900.000
6
6
6
6
6
7
4
3
6
6
6 Ac
6
6
7
7
7
6
6
6
....
1881
1881
1880
1881
1880
1882
1881
-
.
1880
600.000
7
5
7
7
$268,789
$100Atc
1,000
100
1,000
312,000
556,000
1,000,000
3,000,000
30,000,000
12,361,000
850.000
1856 •
1863
1881
1877
1868
1871
1872
1879
1882
1884
1880
236,000
1,000
1,000
1,000
1,000
333.000
£200
£200
Pledged.
1,000,000
7,070,000
3,500,000
2,099,080
1,000
1,000
3,200,000
10,000,000
1,000
1,000
1,860,000
1.000
5,000,000
1,000,000
2.000,000
3,500,000
1,000
1880
1881
1.000
1,000
F. At A. N.
Q.-J.
-
A. & 0.
M. At S.
Y., Corbin Bank’g Co Aug. 1, 1918
do
do
July 1, 1931
do
do
April, 1901
do
do
Sept., 1901
....
g.
g.
g.
M. &
Jan.
J. &
J. &
A. &
M. A
N. N.Y., Corbin Bank’g Co.
do
do
1
N. Y., Central Pacific.
J
J. N. Y., Central Trust Co.
O, New York and Boston.
S.
do
do
April.
g.
7
g.
g.
g.
6 g6 g.
6
6
6 g.
May T,* 1911
May 1, 1931
July 1, 1910
July 1, 1921
1920
1902
1920
F. & A. L. At N. RR., 52 Wall St. Feb. 1, 1882
J. & D. N. Y., Drexel, M. A Co. June 1, 1930
1886 At 1887
A. As O.
New York Agency.
Various N. Y., Drexel, M. At Co.
1885-86
do
Oct. 15, 1893
do
A. & O.
March 1, 1931
M. At S.
New York, Agency.
Mar. 1, 1907
M. & 8. N. Y., Drexel, M. At Co.
do
do
A. & O.
April, 1898
June 1, 1901
J. At D. London, Baring Bros.
do
do
F. & A.
Aug., 1902
J. & D. N. Y., Drexel, M. At Co. Dec. 1, 1919
N.
Mar.
Y., Drexel, M. At Co.
1, 1922
Q.—Mar
Nov. 1, 1924
New York. Agency.
M. & N.
J. At J. N. Y , Drexel, M. At Co. Jan. 1, 1930
Jan. 1, 1930
New York Agency.
J. & J.
A. At O. N. Y., Drexei, M. At Co. April 1, 1910
do
do
March 1, 1921
M. At s.
1880-81, as also the relations Central), 34 miles, and the Cecilian Branch (leased to Ches. O. & So. W.),
other details concerning the 46 miles, and controls, by ownership of a majority of the stock, the
Nashville Chattanooga & St. Louis RR., 554 miles; the Owensboro Ac
progress and status ot the L. I. RR. Co. could be well shown in a
Nashville, 84 miles; the Pensacola At Atlantic, 161 miles; and the Nash¬
pamphlet report by the company.
The ligurcs for 1883-8t were published in Chronicle, V. 39, p. 705, ville At Florence RR., 56 miles (of which 20 miles-were under construc¬
tion); also, as joint lessee with the Central of Georgia, is interested
and gave gross earnings, &c., and comparative statistics as follows:
in the Georgia Railroad and its auxiliaries, 679 miles.
1880-81
1881-82.
1882-83. 1883-84.
Organization, Leases, Ate.—The Louisville At Nashville was chartered
Miles operated
328
352
354
March 2. 1850, aud opened between Louisville and Nashville November*
Passengers carried, No
6,512,270 8,878,453 9,024,370
1859. The Memphis branch, completed in I860, was operated in con¬
Freight (tons) moved
339,252
416,153
■.
386,260
nection with the Memphis At Ohio and Memphis Clarksville & Louisville
$
$
$
Earnings and Expenses—
$
roads, which were purchased by the L. & N. The other roads embraced
1,237,837 1,608,771 1,695,177
Passenger earnings
in the system have been purchased outright or are controlled absolutely
Freight earnings
567,055
634,698
718,743
by ownership of a majority of the stock, except those under lenses, a»
Miscellaneous earnings
141,776
173,588
271,169
and the large rise in net earnings since
with the Brooklyn & Montauk Co., and
.
above described.
Gross
earnings
Expenses and taxes
Net earnings
Lease rentals
Interest and sinking
....1,946,668
1,756,372
190,296
92,500
2,417.057 2,685,089
1,576,774 1,683,814 1,750,918
840.283
192,748
1,001,275
282.466
209.059
292,841
200,757
9,960,700 10,000,000 10,000,000
Funded debt
.2,691,203 4,169,926 5,394,019
Contingent liabilities, &c.. 1,651,975 1,494,015 *2,063,017
fund..
1,005,313
287,698
190,876
Capital stock
.
Total liabilities
:
.
*
14,303,878 16,120,719 17,457.036
This item consists of unfunded debt $256,490; profit and loss.
$556,-
527, and contingent liabilities (offset by items on other side of accouut).
$1,250,000.
There are also Atlantic Avenue Improvement certificates, $53,730, at
7 per cent; equipment certificates, $120, OoO, 7s; real estate mortgage,
r i
$221,000,5s; time loans. $200,000, at 6 per cent, .
;.
—(V. 38,p.261,295.455,763; V. 39, p. 208, 235, 493, 705.)
Long Island City Ac Flushing.—Road from Long Island City to
Flushing, 11 miles; branohes, 5 miles; total, 16 miles. This is 8 reorgan¬
ization of the Flushing At North Side road, foreclosed December 11,
1880. The stock is $500,000; par. $100. The income bonds are pay¬
able at will. The company is liable for $25,000 of New York & Flushing
bonds, due IP20. Leased to Long Island RR. for 50 years, the lessee
taking 60 per ceHt of gross earnings and $17,500 for fixed charges. In
1881-82 gross earnings were $211,914, of which 40 per cent to this
company was $84,765. In 1882-83 rental was $76,686. Alfred Sully,
*
.'.if
President, New York City.
Los Angeles Ac San Diego.—Florence to Santa Anna, Cal., 27
miles.
Leased to cent. Pac., and in 1883 the net earnings paid as rental
and other income was $36,525; Interest, &c , $33,371. Capital stock,
$570,800. Chas. Crocker, Pres., 8an Francisco.
Louisiana Western.—Owns from Vermillionville, La., to Sabine
River. 105 miles, leases extension in Texas, 7 miles; total, 112 miles,
operated under the same control as the Southern Pacific and Galveston
.Harrisburg & SanJAntonio lines, making part of the through line between
New Orleans & Houston. Earnings in 1883, $602,120; net, $249,936;
interest on bonds, $134,400; surplus. $115,536. • In 1882 gross, $408,566; net, $165,902. 8tock is $3,360,000. (V. 38, p 196; Y. 39, p. 324,
734; V. 40, p. 61, 153.)
jli
i^
•
Louisville Evansville Ac St. Louis.—Line of road, New Albany,
Ind ,to Mt. Vernon, His., 182 miles; branches to Jasper & Gen try ville, 73
rnnes; total, 255 mues; opened for through business Oct., 1882.
The
road is the reorganized Louisville New Albany & St. Louis, foreclosed
in 1878. In Oct., 1881. a consolidation was made with theEvansv. Rock-
port At Eastern, with a total capital of $6,000,000. The first mortgage,
as above given, includes $900,000 of E. R. & E. 1st mortgage bonds,
interest January and July, on which bonds interest was not funded
There are also $571475 Car Trust certificates.
In March, 1883,
the 1st and 2d mortgage bondholders were requested to fund four
coupons, viz.: from April 1, 1883, to Mar. 1, 1885.
In 1883 gross earn¬
ings were $632,928; net, $91,491; rentals, $27,736; interest. $16,251;
surplus, $47,502. In December, 1874, Geo. F. Evans, the General Man¬
ager, was
Mass. (V.
appointed receiver.
The liabilities for
interest are treated mostly
as
belonging directly to the Louisville At Nashville Company. The South¬
2,756, 32 east. & St. Louis RR., which was reorganized after foreclosure of ther
Jonas H. French, President, Boston.
Louis At Southeastern, Nov. 16, 1880, is leased to the Louisville Ac
Nashville for 49 years, and the L & N. issues its bonds as above,
secured on the road, about 210 miles long in Indiana and Illinois*
There is also $999,500 of S. E. & 8t. L. stock. The fiscal year endsJune 30. Annual election is held early in October.
Stock and Bonds.—At the close of the fiscal year (June 30) 1880 tho
St.
capital stock was $9,059,361, and in Nov., 1880, the stock divideudof
100 per cent was made, raising the amoimt to $18,133,513.
In October*
1882, the company listed at the Stock Exchange $3,080,000 stock sold
by the city of Louisville, raising the stoek outstanding to $21,213,513,
and $3,786,487 more was then listed, raising the amount to $25,000,- a
000. In Oct.. 1884, the remaining $'•,009,000 unissued was offered to
a syndicate at 21*? with the $5,090,000 bonds at 55, raising the stock to
the full limit of $30,000,000.
?.
(See V. 39, p. 409.)
»•:
All the dividends paid since 1870 were as follows: In 1871, 7 per
cent; in 1872, 7 per cent; in 1873, 7 per cent; in 1877, l1* per cent ;.
in 1878, 3 per cent; in 1879, 4; in 1880, 8, and 100 per cent in stook;.
in 1881, 6; in 1882, 3.
•
Prices of the stock from 1872 to date bave been:
In 1873.
50-3*79; in 1874, 53®59; in 1875, 36^40; in 1876, none; in 1877,
26®41; in 1878, 35®39; in 1879, 35@89ia; in 1880, 77®174 ; in 1881,
79®1101a; in 1882,46^® 100%; in 1883,40^8®53*s; in 1884, 22^351%
in 1885 to Feb. 20, 22®28%.
The general mortgage of 1880 is for $20,000,000, of which $9,716,000is reserved to pay off prior liens, aud the mortgage covers 840 miles of
.
road subject to liens amounting to that sum. The L. & N. LebanohKnoxvilie bonds of 1881 cover 110 miles, subject to prior liens, and 62
miles from Livingston to State line as a first lien. The Pen. & Atlantio
is a separate company and the bonds are not a direct liability or the
L. & N. Co. The Louisville loan, $850,000, is seoured by deposit of tT.
S. 4 per cent bonds; of the Evansv. Hen. & N. 6s, $2,400,000* $800,000are
reserved.
•
mortgage trust deed of 1832 is made to E. H. Green and
John A. Stewart as trustees, and has a sinking fund of 1 per cent annu¬
ally to begin in February, 1885, the bonds drawn being redeemable
at 110. The bonds are secured by pledge of a Large amount of stocks
and bonds belonging to the Louisville Ac Nashville Company aud
held as collateral security by the trustee of the mortgage.
The
securities pledged were stat *d in detail in the Supplement up to thenumber for August, 1884, the par value of bonds being $9,633,000
and stocks $1*,529,700; total. $23,162,700.
The 10-10 Adjustment mortgage bonds were issued in 1884 at 55,
with blocks of stook at 221a, and cover 783 miles of main Line and
branches, subject to the prior liens, and are a second lieu on the trust
securities pledged under the trust deed of L882. See V. 39, p. 409.
The Henderson Bridge Co. bonds are not a liability of the L. Ac N.
Operations, Finances, &c.—The Louisville & Nashville system hav¬
ing been developed in its present extensive form since 1879 has a short
history. The l<>0 per cent stook dividend declared in 1880 was made
before the working and result of the newly-acquired roads could he
fully developed. But the whole system of roads has been working well
and gaining in traffic as shown by the statistics below for several years.
The unfortunate financiering of 1833-84 led to the charge of $1,005,929
against Mr. C. C. Baldwiu, the late President, and occasioned the ernbar rassmeut with iloating debt in 1884.
The third
The income account for first half of the fiscal year—July 1 to Dee. 31—
38,p. 738; V. 39, p. 348, 409 ; V. 40, p. 28, 92.)
in 1881, published iu Y. 40, p. 120 iaud revised), was as follows:
Louisville Ac
Nasliville.—(See Map.)—Line of Road.—Main
-1883.—
-1884.line—Lou isville to Nashville. 185 miles; branches—Junction to Bards
$7,794 864
$7,106,220
town, Ky., 17; Junction to Livingston, Ky., 110; Livingston to Jel- Gross earnings.
(58 p. c.) 4,522,017
lico, Ky., 61; Montgomery to Mobile, 179; New Orleans to Mobile, 141; Operating expenses.. (56-21 p. c.)
3,933,536
branch to Pontch art rain. 5; Paris, Teun., to Memphis, 259; East St.
$3,272,847
Net profit from traffic.
$3,17,->,6*4
Louis. Ill., to Evansville, Ind., 161; June., HI., toShawneetown, Ill.. 41;
13 0,432
52,797
Belleville, 111., to O’Fallon, Ill., 6; Pensacola, F’la., to Pensacola Junction, Other income from investments.
Fla., 44; branch to Muscogee dock, 1 ; Louisville, Ky., to Newport, Ky.,
$3 403,329
$1,225,431
110; Junction to Lexington, 67 ; Louisville II. Cr. & W’port. (n. g.), 11;
$216,546
Selma to Pineapple, Ala., 39; Henderson to Nashville. 135; Junction Construction accouut. $114,6“8
Fixed charges
2,126.962
to Providence, 16; Pensacola extension, 29; total owned, 1.617 miles;
2,152.432
170,000- 2,523,508
175,000- 2,412.110
leased and controlled—Junction to Glasgow, Ky.. 10; Nashville to Taxes
Decatur, 119; Decatur to Montgomery, 183; Junction to \ etumpka. 6;
$879,821
$783 371
Junction to Shelby ville, 19; Louisville Transfer, 4; No. >iv. Cumb. «fc
Surplus
The annual report for 1833-84, was in the Chronicle, V. 39, p.
Ohio, 27; Lebanon to Greensburg. 30; Selma to Moi gomery, nO;
total leased and controlled, 448 miles; total operated.) me 30.1884, 380. The c» mparatiw statistics were ms fo lows for the 2,065 miles
2,065 miles. Also owns the Richmond Branch (leased to Kentucky operated as the Louisville At Nashville RR. proper.
1
February, 1885.]
E AILEDAD
MAP OF THE
LOUISVILLE & NASHVILLE
RAILROAD
AND CONNECTIONS.
STOCKS
AN.) BON S.
51
52
RAILROAD
Subscribers will confer
STOCKS
AND
BONDS
great favor by giving Immediate notice of any error discovered In tltese Tables.
a
DESCRIPTION.
bouisvillt <k Nashville— r Continued)—
2d mort., gold, on Southeast. & St. Louis RR., cp.
Pensacola Div., 1st mort., gold
208
45
180
104
185
175
175
175
Mobile & Montg. Div., 1st M., ($2,677,000)
Pensacola A Selma Div., 1st M., gold ($1,248,000)
Pensacola & Atl., mort., guar., $1,000,000 pldgd.
Louiev. Cin. & Lex., 1st mort
do
2d mort., coup., for $1,000,000
L. &N. mort. on L.C.AL., gold, $3,208,000 pldgd.
Car trust liens
Car liens, I.ouisv. Cin. & Lex
Henderson Bridge Co., 1st mort., gold
Louisville New Albany <£• Chicago—Stock
1st mortgage, gold, coup, or reg
Mort., gold, on Chic. A Ind’polis Div., coup, or reg
2d mortgage, gold,'conp. cr reg
General mort. for $3,000,000, coup, or reg., gold.
Louisville New Or'eans <6 Texas— Stoclr
1st mortgage, coup, or reg
Income bonds (not cumulative)
Lykens Valley—Stock
—
Maine Central—Stock
1st mortgage, consolidated
Collateral trust bonds for Mt. Desert Branch
Ten-twenty gold bonds
....
Bonds ($1,100,000 loan) A. &. K. RR.
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
55
18
109
56
36
30
71
European A North American (Bangor loan)
Leeds & Farmington Railroad loan
Androscoggin Railroad, Bath City loan
Portland & Kennebec, consolidated mortgage—
Total gross
earnings
Oper’gex. (excl.tax.)
*
$1,000
$3,000,000
1,000
600.000
1,000
1,000
1,000
1,000
Pledged.
2,000.000
1,000
100
1880
1881
1883
1884
1,000
1,000
1,000
1,000
100
1884
1,000
1,000
1884
20
....
1872
1.000
100
100 &e.
....
1872
1883
1885
1860-1
1870
1868
1869
1871
1866
1865
1,000
100
500
100
500
100
100
100
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
2,599,353
7,407,403
904,894
3,007,465
8,050,339
3,379,178
8,786,574
9.233,671
929,941
1,069,163
1,104.027
1882-83.
$
Net earnings....
4,198,510
4,558,375
Includes rent, rent of cars aud engines, Ac.
Net inc’me, all so’ces
Disbursements—
Rentals
Taxes
Interest on debt
Divide on L. A N., N.
A D. and M. AM...
4.013,395
13,234,915
8,099,595
14,351,093
5,135,320
5,527,311
IE 82-83.
1883-84
.$
5,800,144
1880-81.
lsjbl-82.
$
4,423,719
$
4,824,816
5,270,091
52,000
215,384
2,912,327
62,000
309,238
3,705,823
67,000
339,409
4,053,224
654,353
110,000
110,053
6,345
5,854
6,182
t4,407,748
256,840
14,847,268
§4,575,868
Miscellaneous
Total disbursements
Balance, surplus....
135.003
722,699
67,000
309,450
4,207,228
113,090
11,000
8,377
114,716,145
1,116,337
1 $240,869 of this is to be refunded to the L. & N. Co., and is included
In the surplus of $256,840. { $157,459 to be refunded, included in sur¬
plus. § $28,400 to be refunded, included in surplus. || $32,338 to be
refunded, included in surplus.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1880-81.
^
Road,equipment,&c.
Timber A quar. lands
Stocks owned
Bonds owned
Stks&bds. held in tr’t
Bills & accts. receiv.
Materials, fuel, Ac..
Caelionhand
SO. A No. Ala. RR...
Nash. & Dec. RR....
Other roads....
Car trust funds
Lou. A Knox.Exten.
C. C. Baldwin acc’tj.
Miscellaneous
Total assets
Liabilities—
Stock
B’nds (secSUP’MENT)
Louisville bonds
Debentures
Bills payable
Interest
Dividends
Pensa. & At. RR
Mort. on building...
Miscellaneous
All other dues&ac’ts
Income account
Profit and loss
52,023,723
822,745
9.495,867
3,598,090
1,713,053
1,257,973
1,191,870
579,836
329,348
317,769
1881-82.
1882-83.
^
61,503,923
^
67,385,426
763,638
715,773
1.010,798
1,164,338
9,527,878
1,655,750
1,419,279
*1,238,517
18.565,852
1,940,623
9,527,878
1,276,041
504,121
676,159
469,639
1,114,041
2,011,330
833,112
242,929
1,454,904
573,044
921,690
1883-84.
^
67,776,064
688,024
16.904,853
4,050,673
9,. •27,87 8
1,922,803
762,273
297,316
1,565,968
599,478
1,172,928
1,005,929
50,000
50,000
50,000
71,340,274
82,464,122
94,222,561
96,324,187
18,130,913
46,951,840
18,133,513
58,087,778
30,000,000
850,000
850.000
605,000
850.000
643,600
30.000,000
57,530,712
850,000
1,261,723
343,644
543,900
567,400
529,800
592,729
430,716
526,558
445,359
36,094
3,599,266
475,759
34,933
57.903,230
1,205,707
40,000
33,947
931,515
1,123.970
1,714,301
1,130,936
1,236,152
777,501
2,762,984
2,067,565
g.
A
A
A
A
A
A
A
A
A
4.169.600
1.100.000
496,500
756,800
1,000,000
633,000
425,000
1.166,700
S. N.Y., Drexel, M. A Co. March 1, 1980*
S.
do
doMar. 1, 1920
N.
New York Agency.
May 1, 1931
S.
do
do
Mar. 1, 1931
A. N. Y., Hanover Nat.Bk.
Aug., 1921'
J. N. Y., Drexel. M. A Co.
Jan., 1897
O.
do
do
1907
N.
New York Agency
Nov. 1, 1931
O.
1884-89
Philadelphia.
•
1884-88
M. A S.
New York.
Sept. 1, 1931
6
6
6
6
J. A J.
F. A A.
F. A A.
A. A O.
N.Y.,Nat.Bk.Commerce
July 1, 1910
Aug. 1 1911
Feb. 1, 1888
April 1, 1914
g.
g.
g.
g.
5
6
M. A
S.
August.
2*2
Q.-J.
J.
F.
7
3
5 A 7
5
6 g.
6
6 g.
7
6
6
6
6
A
A
A. A
J. A
•
do
do
do
do
dp
do
New
do
York, Office..
expenses
71,340,274 82,464,122 94.222,561 96,324,187
*
Including balance due for trust bonds,
t Includes $5,000,000 L. & N. stock unissued.
1 An open account, the company claiming that Mr. Baldwin is indebted
sum.
Sept. 1, 1934
Sept. 1, 1934
do
New York. Treasurer.
Jan. 2, 1885Jan. 1, 1902
Feb. 15, 1885
J. N.York, Union Trust Co.
A.
O. Boston, 2d Nat. Bank.
D. Bost, Am.LoanA Tr.Co.
April 1, 1912
June 1, 1923
1895-1905
M’nthly Boston, 2d Nat.. Bank.
1890 to 1891
A.
J.
J.
J.
A O.
do
do
A J.
do
do
A J. Bost., Merch’ts’Nat.Bk.
A J. Boston, 2d Nat. Bank
do
do
Q.-J.
A. A O.
do
do
Total gross earnings
Operating
Dividend.
6 g.
Oct., 1900
July, 1898
Jan.
and taxes
earnings
1, 1894
July, 1891
July, 1891
April 3, 1895
1S82.
1883.
$
1,009,537
$
1,627,883
1,237,848
373,437
390,035
1,382,974
INCOME account.
1882.
Receipts—
$
Net earnings
Other receipts
373,437
Total income
Disbursements—
Rentals paid
Interest on debt
Miscellaneous
373,437
$
98.035
318,0;. 0
25,000
Total disbursements
Balance, deficit
Wm. Dowd, President, New York.
296.)
1883.
$
390,035
105,696
495,731
$
106,245
393,620
9,822
441,035
67,598
509,687
13,956
(Y. 38, p.595,618; V. 39, p.
Louisville New Orleans Sc Texas— (See map)—Line of road
Memphis, Tenn., to New Orleans, La., 455 miles. Tins road was built in
the interest of the Huntington system of ro;tds. and forms the connect¬
ing link in that system across the Continent from Norfolk to San Fran¬
cisco
The present company was organized Sept. 5, 1884.
The road was
opened for through business Oc*\ 13, 1884. The income bonds are a first
mortgage on 750,000 acres of land in the Yazoo Delta. The company
owns a controlling interest in the
Mississispi A Tennessee Rail road. Mr.
R. T. Wilson, President, New York.
(V. 39, p. 234, 311, 316, 454, 606.)
Lykens Valley.—Owns from Millersburg, Pa., to Wiliiamstown,
Pa., 20 miles; branch, 1 mile; total operated, 21 miles.
It is a
coal road leased and operated by the Northern Central Railroad since
July, 1880, and previously by the Summit Branch RR. The lease is for
999 years from March 1, 1866, and the rental is $62,500 per annum.
Mahoning Coal.—Owns from Andover, Ohio, to Youngstown,
Ohio, 38 miles; branches to coal mines, 5*miles; total operated, 43
miles. It was opeped May 1, 1873, and leased for 25 years from that
date to L. Sh. & Mich. So. RR., at 40 per cent of gross earnings.
Capital
stock is $1,373,000. The L. S. A M. S. Co. holds $399,000 of the bonds
purchased under the agreement of lease. Net earnings (40 per cent of
gross) in 1881, $88,583; in 1882, $95,139.
Maine Central.—Mileage as follows: Mainline, Portland to Ban¬
gor, Me., via Augusta, 136 6 miles; branches, Cumberland Junction to
Skowhegan, 90 7 miles; Bath to Farmington, 71‘2 miles;
Junction to Lewiston, 4*7 miles; total owned, c03* 2 miles. Crowley’s
Leased—
Burnham Junction to Belfast, 331 miles; Newport Junction to
Dexter,
14 miles; brewer Junction to Bucksport, 18‘1 miles ;
Bangor to Vanceborn, 114-1 miles; Penobscot Switch to Mt. Desert Ferry, 41-7 miles;
total leased, 221 mil -s
Total operated, 524*2 miles.
This was a consolidation in 1862 of the Androscoggin & Kennebec
Railroad and the Penobscot A Kennebec. In August, 1873, the Port¬
land A Kennebec, Somerset A Kennebec and Leeds &
Farmington rail¬
roads were also consolidated with the Maine Central.
The annual report was published in V. 37, p. 693.
the fiscal year was changed in 1881 from Dec. 31 to
report had the following:
Earnings—
Passenger
1880-81.
$772,833
1,003,854
100,392 '
The ending of
Sept. 80. The
results.
1881-82.
1832-83.
$895,969
1,067,716
$1,147,207
1,541,961
146,326
$1,197,413
1,475,845
143,115
earnings. $1,877,079 $2,077,094 $2,835,494
Expenses and (axes.
1,229,357
1,359,373
1,839,707
$2,816,373
Freight
Mail, express, Ac...
Total liabilities..
to it in this
M.
M.
M.
M.
F.
J.
A.
M.
A.
g.
gg.
Whom.
fiscal
30,000
36,877
485,222
Payable
Prinei
pal,When Due.
Where Payable, and by Slocks—Last
8,823,782
$
1,221,692
Georgia RR. deficit..
When
1883-84
•$
INCOME account.
Receipts—
2,000,000
5,000,000
3,000,000
2,300,000
855,000
2,000,000
4,5 'i0,000;
13,650,000
9,100,000
600,000
1,486,000
3,603,300
V-a
7,429,370
3
6
6
6
6
7
7
6
6
2,850,000
892,000
50,000
1,557,000
744,000
600,000
....
1881-82.
11,987,745
Rate per
Cent.
Pledged.
1,000
1,000
1880-81.
$
10,911,650
6,713,140
Outstanding
100 Ac.
1881
471
288
158
446
451
455
455
455
21
43
482
304
41
Mahoning Coal— 1st mortgage, coupon
$
Amount
82,632
.
Mail, express, Ac*...
1881
1880
1881
1881
1881
1867
1877
1881
1882
Bonds
INTEREST OR DIVIDENDS.
Miles
Date Size, or
For explanation of column headings, <fec., see note8
of
of
Par
on first page of tables.
Road. Bonds Value.
Earnings—
Passenger
Freight
[Vol. XL,
113.389
Total gross
Not
earnings
$617,722
$717,721
$995,787
1883-84.
1,750,710
$1,065,063
income account
Receipts—
—(Y.38, p. 99, 114, 285, 398, 509, 571,678, 706, 731 ; V. 39, p. 3, 22*
47,65,96, 128,157; V. 39, p. 181. 234,264, 276, 296, 349, 361, 380,
381, 469, 463, 533, 553, 654, 707; V. 40, p. 28, 61, 121, 182.J
Net earnings
Other receiuts
Louisville New Albany A: Chicago.—Operates from New
Albany,
Ind. (opposite Louisville, Ky.), to Michigan City, Ind.,288 miles Indian¬
;
apolis to Hammond, Bid., 163 miles; leased—Hammond to Chicago, 20
miles; total operated 471 miles. A lease for 999 years with Chicago A
Western Indiana at $127,000 per year gives entrance to
Chicago.
The Louisville New Albany A Chicago was opened in 1852 and sold
in foreclosure Dec. 27, 1872, and
reorganized without any bonded debt.
In Aug., 1881, consolidated with Chicago
A Ind. Air Line, and stock
increased to $5,000,000, giving 15 per cent increase to stockholders of
record Aug. 31.
In 1880 tlic company sold the $3,000,000 of first mort¬
gage bonds to the stockholders at 20 cents on the dollar. In 1883 the
2d mortgage bonds were issued, payable in 1888. The new
mortgage
bonds for $3,000 000 were authorized in
1884, and $1,000,000 is
reserved to pay off the 2d mortgage. Fiscal
year ends Dec. 31. The
annual returns for 1883 were furnished the Chronicle and
published in
▼.38, p. 619. Earnings, expenses and income were as follows:
Total income....
I>isb ursem ents—
Rentals paid
Interest on bonds...
Dividends
1880-81.
$647,722
8,656
$656,378
$54,000
570,466
"
1881-82.
$717,721
5,368
1882-53.
^ 883-84.
$995,787
29,121
$1,06:,663
10,421
$723,089 $1,024,908
$1,076,084
$54,000
$182,958
569,542
71*822
64-..146
197,522
$189,000
661,395
215,532
.-
Total disburse’s
Balance...*
$624,466
$695,364 $1,024,626 $1,06\927
$31,912
$27,725
$282
$10,157
-(V. 38, p.434; V. 39, p. 553, 680; V. 40, p..61.)
Manchester Sc Lawrence.—Owns from Manchester, N. H., to
Methuen (State Line), 22*4 miles;
leased, Methuen Branch of the
Boston & Maine Railroad, 3^t miles; total operated, 26 miles.
Road in
operation since 1849.
Formerly operated with the Concord RR.
as
one line,
on a division
of joint earnings. Methuen branch is
leased at a rental of $11,000 per annum. Company lays claim to a twofifths interest in the.Manchester & North Weare RR,, which is operated1
B5OND3S.
RASATILNOCDKD
i1Fe8brua5y,
K&KXZzt&ma
-
iiiwnrnnwiwrrrn^
—ri—r^rtr^^^rr^rr^
—~-~ti
%**w«H8«w«iiHbBe»jflrWjeit^
DESCRIPTION.
For
explanation of column
on
Manchester <6
first page
headings, &c., see notes
stock,
N. Y. Bay Ridge & Jamaica RR.,
guar
N. Y. & Man. Beach RR., 1st mortgage
do
pref. stock
Man. Beach Impr. Co. (Limited), mortgage
N. Y. Bay Ridge & Jam. RR., 1st mort.
(Elev)—Consol,
Metropolitan Elevated. 1st mortgage
do
2d M. (guar, by Manhat’n).
N. Y. Elevated, 1st MJpayable at 105 after 1896)
Marquette EL. A 0—Common stock
Preferred stock
118 87-90. 18-243.
1st mort., M.& 0., coup.
M. H. & O. mortgage.
'
Bonds for Extension, &c
Memphis A Charleston—Stock
ist mortgage, Ala. & Miss. Div.(extended in
2d mortgage,
2d mortgage
extended
.
1880)
Consolidated mortgage
.
....
1879
....
18
135
135
50
90
....
100
....
1,000
1878
1879
1876
1.000
1,000
100
100
100 &c.
....
1872
1878
1883
1868
(Mexico).—IstM., gold..
....
Michigan Air Line mortgage..
7
M. & S. N. Y.. Corbin
7
1*2
6
6
7
J.
.
.
1872
1870
4
2*2
8
6
6
5,312,725
7
7
7
7 g.
7 g.
8
8
7
3
10
10
6 g.
3
1,264,000
390,000
606,000
1,400,000
864,000
250,000
2,600,000
36,575,000
7,643,000
3,840,375
2,700,000
1,000
1,000
24.330,000
18,738,204
10,000,000
1,900,000
100
^ m
3*2
1,427,500
576,200
988,000
1,000
100, &c.
’81-’82
1,468
270
103
($2,000,000 are 5s)
1,000,000
200,000
23,087,065
10,818,000
3.000,000
8,500,000
2,798,000
2,259,026
1,000
1885
and Boston.
J.
250 &e
1884
Whom.
7
7
1,000
1,000
1,000&C
.
Payable
Payable, and by
300,000
500,000
250,000
.
1877
1877
1877
1877
1881
Cent.
Where
M. & N. Manchester
25
272
292
292
133
133
When
5
1,000
1,000
1854
.
discovered in tbese Tables.
Bonds—Princi
Rate per
$1,000,000
4,680,000
500 &c.
100
500 &c.
500 &e.
181
.
Outstanding
....
.
1877
4
32
14
Amount
$100
14
lien on 91 m. in Tenn.) —
gold
Memphis A Little Rk — 1st preference mortgage—
General mort., land grant, (s. f. $10,000 after ’82)
Mexican Central (Mexico.) — 1st M. ($32,000 p. m.). 1,340
Income, conv., not cumulative, reg. ($6,400 p.m.)
Coupon notes for interest funded
I Ten year debentures (secured by collateral)
Consol, mort., gold (1st
Michigan Central— Stock
Value.
328
Consol, mortgage,
Mexican National Railway
.
or
Par
....
....
bonds
(guar.)...
stock, ($26,000,000) —
Manhattan
Size,
Date
of
26
Lawrence—Stock
[Vol. XL.
INTEREST OR DIVIDENDS.
Road. Bonds
of tables.
JlfflMhattan ftpnf.h. On.—
«■
Miles
of
BONDS.
immediate notice ot any error
great favor by giving
Subscribers will confer a
AND
STOCKS
RAILROAD
tr 54
1,000
1,000
7 & 5
8
Oct.
& J. N. Y.,
& J.
Q.~ J*
Corbin Bank’g Co
Bank’g Co
do
do
New York,
Office.
j. & J. N. Y., Mercantile Tr. Co
do '
do
M. & N.
do
do
J. & J.
-
F. ’& A.
J. & D. Boston,
do
M. & S.
do
J. & D.
N. Eng. Tr. Co.
do
do
Browu&Bros
pal,When due.
Slocks—Last
Dividend.
Nov. 1, 1884
Annually.
1, 1897
Jan.
March, 1909
July, 1896
Jan. 2, 1885
July. 1908
Nov. 1, 1899
Jan. 1. 1906
In 1883
Aug. 15,1884
Juue 1, 1892
Mar. 1.
June 1,
1908
1923
Jan. 1. 1915
J.
& J. N.Y.,W. H.
J.
J.
J.
M.
Jan. 1, 1885
& J. N.Y.,W. H.Brown&Bros
Jan. 1, 1916
do
do
& J.
Jan. 1, 1916
do
do
& J.
& N.
j May, 1883-84
Janu’ry
J.
& J.
July 1
& J.
& O.
& 0.
& A
& N.
J. <te J.
J.
A.
A.
F.
M.
July, 1907
July 1, 1911
do
July 1, 1911
do
July 1, 1889
do
April 1, 1895
N.Y. Office 32 Nassau. July 1, 1912
Feb. 1. 1884
Grand Central Depot.
May 1,19C2
N. Y., Union Trust Co.
Jan. 1,189u
do
......
....
Boston.
Railroad for twenty years from July 1, 1877. Of the
$1,400,000 are secured by the old Tennessee
and these are usually
quoted higher than the other consolidated bonds.
above title In Sept.. 1883, a majority of the stock was obtained by parties interested
Manhattan Beach in the East Tennessee Virginia & Georgia RR.
The annual report for the year ending June 30, 1884, was in V. 39, p.
Railway, the Manhattan Beach Improvement Company and the Marine
Railway Company. The stock of the new company, amounting to 552. Gross earniugs in year ending June 30, 1884, $1,394,019; net,
$4,680,000, embraces the stocks of all the other companies converted $435*911; interest ou bonds and floating debt, $354,699; surplus,
into it, and the Manhattan Beach Co. holds those stocks in its treasury, $81,212.
(V. 39, p. 349, 552, 581; V. 40, p. 61.)
(except the New York A Manhattan Beach Railway preferred stock),
as also $300,000 2d mort. bonds of the New York & Manhattan Beach
Memphis & Little Rock.-Owus from Little Rock. Ark., to Mem¬
RR. The New York Bay Ridge A Jamaica Railroad is leased and the phis. Tenn., 135 miles. Default was made Nov., 1872, and the property
bonds and stock are guaranteed. In December, 1881, a lease of the sold in foreclosure. The new company also defaulted, and the roaa was
New York & Manhattan Beach Railway was made to the Long Island sold and reorganized April 28, 1877. The stock is $1,500,000. The
RR. for 35 p. ct. of gross earnings to the lessor, but the sum of $97,500 company had a land grant from Congress of 1,000,000 acres.
In April,
per vear is guaranteed to pay all annual charges. The annual report 1880, control of this company was purchased by parties in the interest
Afterward default was made on
for 1882-83 was in V. 38, p. 146, showing gross receipts $239,36% and of the St. Louis & Iron Mountain.
surplus over expenses and charges, $34,595. In 1881-82 gross earniugs the coupons and bondholders were offered a 6 per cent bond in place
of the 8 per cents, which was declined.
were $249,455, and surplus over expenses and fixed charges, $23,398.
In April, 1884, a receiver was
appointed, and the property is now in hands of trustees of the general
—(V. 38, p. 146.)
Manhattan Elevated.—Road operated, 32-34 miles. This was a mortgage. About $250,000 is in possession of the Court awaiting result
of the litigation between bondholders and the company. The preference
corporation formed (Nov. 24,1875) to lease and operate the two elevated
bonds were extended and fell due $50,000 on May 1, 1884,
railroads in New York City.
Its capital stock was $13,000,000, and mortgage
and balance May 1, 1883. In 1882 gross earnings were $704,961, net
it was to pay the interest on the bonds of the two elevated roads
and certain dividends. The original lease of May 20, 1879, guaranteed $45,946; gross earnings in 1883, $877,406; net, $244,124. (V. 38, p.
379, 479, 540; V. 39, p. 157.)
10 per cent per annum on the stocks, but this lease was amended in
October, 1881, by agreements among the three companies, which were
Mexican Central (Mexico).—On March 8, 1884, the main line
supplemented by an agreement of Nov. 14, 1881, for the surrender of from
Mexico City north,,to El Paso del Norte 1,225 miles, was com¬
the stocks of the other companies, and the issue of new stocks by the
Manhattan Company, but this was never accepted by the Metropolitan pleted, aud to Dec. 1, 1884, 80 miles on Tampico Division, 11 miles of
stockholders, and, after litigation, it was decided against the Manhattan. Guanajuato Branch, and 16 miles on the Pacific Division, had been built,
In June, 1884. a new compromise agreement was made by which a.l lia¬ making a total of 1,334 miles. Whole line when completed will be
bilities were assumed, and new stock was to be issued by the Manhattan (1) the mam line, from the City of Mexico to El Paso; (2) from Tampico
westerly through San Luis to the main line; (3) from the main line to
Company, and apportioned as follows:
Old.
New
the City of Guadalajara, aud thence to Pacific Coast at San Bias.
company was incorporated Feb. 25,1880, under the general law
Manhattan
$13,000,u<)0@ 85
$11,050,000 ofThe
and by transfer the company holds the charter from
New York
7,800,000 theMassachusetts,
6,500,000® 120
Government, granted Dec. 5,1874, for a road from Mexico
Metropolitan
6,500,0u0®110
7,150,000 CityMexican
to Leon, and by modification including lines to Paso del Norte,
Total
$26,0' 0,000
$26,000,000 Guadalajara and Laredo. The company also has other rights granted
The company has a subsidy from
This agreement was ratified by the stockholders of the three com¬ by the State of Chihuahua.
the Mexican Government of $15,200 per mile on most of the lines,
panies July 31 and Aug. 1, 1884, and the new stocks, so far as issued in which the Mexican Goverment issues to the Co. as the road is accepted,
exchange, was listed at the Stock Exchange Aug. 7, 1884.
construction of the Central R’y. to be redeemed with
There are large claims pending against the elevated roads for damage in “ certificates of
6 per cent of all duties produced at the maritime and frontier custom¬
to property on their lines, and many of these are before the courts.
houses of the Republic.” The income bouds are convertible into stock
For the quarter ending Dec. 31,1884, gross earnings were $1,750,842,
at par. The stock is $31,360,900. In Jan., 1884, a temporary loan of
against $1,743,829 in 1883 ; net $847,262, against $748,738.
$1,090,000 was made on pledge of bonds and stock, and for this there
The report for year ending Sept. 30 showed the following income:
18*4.
1883.
are pledged $1,635,000 stock, $2,725,000 mortgage bonds and $545,000
Gross earnings
$6,726,359
$6,386,506 income bonds. The total receipts from the Mexican subsidy were given
by Concord RR.
Ten per cent dividends are paid.
The fiscal year ends
$100,667. In
-March 31.
Gross earnings in 1883-84, $183,086; net,
J1882, gross, $150,498 ; net, $100,255.
Manhattan Beach Co.—A consolidation under the
“was made in February, 1880, of the New York &
Operating expenses
Interest on bonds,
3,884,949
$2,841,410
1,381,713
$ l ,459,697
Net earnings
and rentals
Balance
1,170,000
$-59,697
Deduct dividends
The following is a statement of the
the elevated railroads in New York,
completion of the roads:
Passengers.
46,045,181
60,831,757
Earnings.
ginia & Georgia
consolidated mortgage,
State lien for
3.756,8128
$2,629,678
1,384,080
$1,245,598
390.000
,
$855,598
number of passeugers carried on
and the gross earnings, since the
Passengers.
$3,526,*25
4,612,976
5,311,076
1881-81.. 75,585,778
—(V. 38, p. 229,424, 479,
86,361,029
92.124,943
96,688,992
Earnings
$5,973,633
6.386,506
6,723.832
571, 620, 679, 706, 763; V. 30, p. 22, 96, 128,
157, 209, 409, 434, 606, 681, 705; V. 40, p. 61, 241.)
Marquette Houghton & Ontonagon.—Owns from Marquette
Midi., to Houghton, 95 miles; branches, 40 miles; total operated, 135
miles. Has a land grant of about 80,000 acres. This was a consolidation
Aug. 22, 1872, of the Marq. & Out. R’y and the Houghton & Ontonagon
Railway, and in 1883 consolidated with Houghton & L’Ause Railroad
and completed the extension from L’Anse to Houghton. The company
made default ou its bouds, and issued pref. stock and the present 6 per
cent bonds in exchange for prior 8 per cent bonds.
In July, 1884, a statement of income was made on which dividend
was declared.
See Y. 39, p. 183, The business consists largely of the
transportation of iron ore, and in 1883 fell off considerably. The annual
report for 1883 was published in V. 38, p. 618, and the income account
allowed a surplus of $33,169 over interest payments and 8 per cent divi¬
dends. Operations and earniugs have been:
Net
Gross
Passenger
Years.
Miles.
99
99
135
Mileage.
2,033,885
2,620,957
2,616.175
Freight (ton)
Mileage.
Earnings.
Earnings.
$1,736,906, assigned to a trustee,
in V. 39, p. 409.
In June, 1884, it was decided to pass
ask bondnolders to fund three coupons July
the interest due Jul yl, and to
1, 1884, to July 1, 1885. in¬
clusive, amounting to $3,840,375, for which 10 per cent coupon notes
maturing in five years were offered, secured by deposit of the coupons,
and by an amount ot Mex. Gov’t subsidy certificates equal to the prin¬
cipal and interest of the coupon notes.
In Dec., 1884, the stockholders were asked to subscribe $2,700,000
for ten-year debenture bonds, bearing 10 per cent interest, and secured
by deposit in trust of $1,000 1st mortgage bond and $2,000 in subsidy
certificates for each $1,000 debenture. See Circular, V. 39, p. 733. (V.
38, p. 60, 14% 203, 314, 332, 359, 424, 454, 679, 70b, 763; V. 39, p. 48,
96, 409, 435, 733.)
road built from
miles; Laredo to
Saltillo, 235 miles; Matamoras Div., 76 miles: branches, 22 miles; total
Northern Division, 494 miles; City of Mexico to Morelia, 235 miles;
Acambaro to San Miguel. 76 miles; El 8alto line, 51 miles; Manzanillo
to Armeria. 29 miles; branches, 25 miles; total Southern Div., 416 miles;
total road finished, 910 miles. Built by the Mex. N<*t. Construction Co.,
which receives a subsidy of $11,270 per mile of road seem ed by 6 per
cent of the Government receipts from customs; the subsidy earned to
Jan., 1885, was $7,022,552, of which had been collected to Sept. 30,
1884, $1,653,349. Bonds for $1,000 with stock for $1,000 were issued
for $1,050 cash.
Stock outstanding June, 1884, was $25,875,000; par
$100. Coupons of April 1, 1884. were passed and the funding of six
Of the bonds $19,330,000 have
coupons was proposed to bondholders.
interest A. &0., and$5,000.000 J. & J. To Jan., 1885. the bonds actually
sold were $19,054,500; used for bond to Mexican Government and U. S.
Custom House, $543,000: held as collateral for the $2,000,000 loan
and floating debt, $4,732,500; total, $24,330,000.
Gross earnings
No. and So. Divisions for the nine months ending Sept. 30,1884, were
$1,012,580; net, $92,188. W. J. Palmer, President, New York. (V. 38, n.
Mexican National Bailwayj(Mex.)—Jan., 1885,
Corpus Christi to Laredo (Texas A Mexican RR.), 161
on
$433,756
$893,638
23,477,533
623,176
1,176,192
31,337,027
203, 314, 359, 424, 540, 706; V. 39, p. 264.)
392,335
902,159
23,488,679
Michigan Central.—Line of Road.—Main line—Kensington to
—(V. 38, p. 136, 202, 618; V. 39, p. 182.)
Detroit. ^70 miles; and Windsor to Suspension Bridge (Can. So.). 226
Memphis Sc Charleston.—Owns from Memphis to Stevenson, miles; total main line, 496 miles. Branches owned and leased—Mich.
Ala., 2/2 miles; branches—to Somerville 13 miles, to Florence 5 Air Line RR., 115; Jol. <fc No. Ind., 45; Grand River Volley, 84; Jack.
miles; leased, Stevenson to Chattanooga, 40 miles; total operated, 330 La. & Sag., 295; Kal. & So. Hav., 40 : Det. <fc Bay City, 147; Sag. Bay
miles.
This road was leased June
2, 1877, to the East Tennessee
Vir¬
KA1LROAD
February. 1885. J
Subscribers will confer a great favor
DESCRIPTION.
For
m. on
do
....
236
298
154
13
whole line (300m.)
do
Michigan <& Ohio—1st mortgage, gold
Middletown JJnionville & Water Cap—1st mortgage.
do
do
2d mort. (for $400,000)
....
Midland No. Carolina— 1st mort. (for $10,000,000)
Milw.Lakc Shoredb TFesM-Consol. mort., gold
Income bonds (not cumulative)
Equipment bonds
Michigan Division, 1st mortg (for $3,000,000)...
St. Paul East & Grand Trunk, 1st niortg
Milwaukee & Lake Winnebago—let mortgage, gold.
Income bonds, gold (cumulative)
Debentures, gold
Milwaukee <£ Northern— 1st mortgage
Bonds for $8,000,000 ($2,155,000 are reserved)..
Mine Hill & Schuylkill Haven—Stock
Minneapolis & St. L.—1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to State Line ..
lBt mortg., Minneapolis to White B. Lake, guar..
....
346
Outstanding
$1,000
$200,000
1.000
500,000
1,000
1,000
640.000
error
discovered in these Tables*
Bo nds—Prinol-
pal.When Due.
Rate per
Cent.
70,000
491,200
1.000,000
424,000
3,576,000
100
....
1866
1872-3
1881
1865
1867
1871
1880
1883
1866
1871
1881
1881
1881
1882
1,000
....
1,000
1,000
1,000
1,000
1,000
1,106,000
171,000
1
943,000
1,100,000
2,630,000
1,000
.
.
150,000
250,000
15,000 p.m.
..
....
.....
18*4
1,000
4,350.000
1.000
600.000
1,000
1,0 JO
240,000
65
126
....
137
27
93
15
102
360
1882
1882
1884
1880
1884
1,015,0«.0
1,000
1,000
1,430,000
1,000
2,155,000
1,000
50
1,000
455,000
500 Ac.
1,000
1.000
1,000
950,000
280,000
...
1877
1877
1877
1879
1882
Can. So. Br. Co., 4; Mich. Mid.
Sarnia Chat. & Erie, 7; Erie &
pleted road and completed the whole line, Detroit to Kensington, in
1852. The Detroit & Bay City road was foreclosed Fob. 12,1881, and
purchased for the Michigan Central, which leased it and put a mortgage
on the road.
The other lines described above as leased are all
the Michigan Central nominally under leases at fixed rentals,
520,000
100,000
1.598,000
4,022,500
Niagara, 31; Niagara River branch, 14; total branches, 968 miles;
total operated, 1,468 miles.
Organization, Leases, Ac.—The Michigan Central was chartered in
1846 and purchased of the State of Michigan 144 miles of com
held bv
but are
owned. asThe
landbelow.
gradtically
grant Incame
thea Jackson
Lansingwas&
aginaw company
stated
Nov.,from
1832,
close contract
Blade with Canada Southern for working its road by the Michigan Cen¬
tral and the division of net profits over all charges—one-third to Canada
Southern and two-thirds to Michigan Central.
Stocks and Bonds—The Michigan Central stock has remained at the
gain© amount since 1873. Prior to 1873 it was a regular 10 per oent
Btock. In 18 72-73 paid 5 per cent and 4 in scrip, but afterward paid
dividend till 1878, and since then irregular amounts. Since 1870
dividends have been: In 1870-71, 10 per cent: 1871-72,10; 1872-73,
5 and 4 in scrip; in 1878, 2; in 1879, 3 q>; in 1880, 8; in 1881, 6^; in
1882, none paid; in 1883,5; in 1884, 3. The range in prices of the stock
has been as follows: In 1871, 114® 126; in 1872, 113® 120; in 1873, 65
©111; in 1874, 681s®951g; in 1875, 53®82i4; in 1876, 34es®65»«; in
1877, 3558®7414, in 1878, 58^75; in 1879, 733i®98; in 1880.75®
130ie; in 1881, 84^®120; in 1882, 77®105; in 1883, 77®100ie; in
no
1884, 5l%®94i3; in 1885, to Feb. 20, 54® 64.
The Jackson Lansing & Saginaw c ebt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000; the pro¬
ceeds of J. L. A S. lands go to pay bonds, and in 1883 sales amounted
acres, for $88,824 ($105,339, includ. timber), leaving 320,999
valued at $2,407,490, and land notes on hand, $555,559.
Operations, Finances, Ac.—The Michigan Central paid 10 per cent
dividends regularly till 1873, but becoming liable afterward for heavy
obligations on leased lines, the company suspended dividends.
The
‘road on through business is much affected by the competition between
Chicago and points eastward, and by the rates on through freights
An article in the Chronicle, Yol. 37, p. 708, gave an exhibit or tbe
earnings of the Michigan Central and the Canada Southern for six years
past, and the surplus yearly applicable to dividends. For the first year
of working together—1883-tne traffic earnings and expenses of the
combined system showed the following increase over the year 1882:
to
Amount
800, "00
mortgage, goid, coup. (Al. Lea to Fort Dodge)
Improvement and equip, mort
A No. W 25; Tol Can. So. A Det., 56;
& Can., 15; Canada So. branches, 96 ;
1870
1879
1869
1870
66
1st
,
35
When
Where
Payable, and by
Whom.
Payable
Stocks- Last
Dividend.
m
10
82
39
39
84
84
145
145
116
Michigan Air Line 1st mort., assumed by M. C—
M. C. Bonds, mort. on Grand River Valley RR. ..
Kalamazoo & South Haven, 1st mort., guar.
do
2d mort., guar
do
Grand River Valley, stock, guar
do
1st mort., guar
Detroit A Bay City 1st mortgage, endorsed
Mort. on Detroit & Bay City Railroad
Jackson, Lansing A Saginaw 1st mort
do
1st mortgage
Cons.
BONDS
INTEREST OR DIVIDENDS.
Date Size, or
of
of
Par
Road. Bonds Value.
Michigan Central—(Continued)—
AND
by giving immediate notice ol any
Miles
explanation of column headings, Ac., see notes
on first page of tables.
do
do
STOCKS
12,258
aores,
N. N. Y., Union Trust Co.
do
S.
do
N.
do
do
do
do
N.
do
do
J.
do
do
J.
do
N.
do
do
do
S.
do
do
J.
do
do
J.
do
do
S.
do
do
S.
N.
Company’s Office.
8
6
8
8
2ia
8
8
5
8
8
8
6
6 g.
7 g.
7
M. A
M. A
M. A
M. A
J. &
J. &
M. A
M. A
J. A
J. A
M. A
M. A
M. A
6
Company’s Offices.
M. A N. N.Y., N. Bk. of Com’rce
6
6
8
6
6
6 g.
5 g.
6 g.
6
6
w
3ia
1,015,000
7
7
7
7
4,00'\000
6
g.
g.
g.
g.
.
.
.
Nov. 1* 1890
1909
Nov. 1, 1889
Nov. 1. 1890
Jan., 1885
July 1, 1880
May 1,1902-3
Mar.
1885
1885
1891
189T
Nov. 1, 1923
1886
Middleto’n.N. Y.,lst N.B
^
1896
M.
J.
J.
J.
J.
A
A
A
A
A
do
do
N.
J. N. Y., S. 8. Sands A Co.
J.
J.
J. Boston aud New York.
A.
J.
J.
J.
J.
J.
M.
J.
J.
A
A
A
A
A
A
A
A
A
D. N.Y..Merch.Exch.N.Bk
New York City.
D.
J. Pliila.M.H. AS. H. R.Co.
J. N.Y., Continental N.Bk.
do
do
D.
do
do
N.
do
do
D.
do
do
J.
O.
1921
May 1, 1921
May 1, 1911
1892
July 1,
June 1, 1910
June 1, 1913
•Jan. 15, 1885
Jan. 1, 1907
June 1, 1927
Jan. 1, 1907
June 1, 1909-
July
1882.
1880.
1881.
$
$
$
468,455
2^
374,764
2
1,499,056
8
1924
July 1, 1912.
July 1. 1912
April 1, 1904
1, 1922
1883.
$
611,57L
Can. So. (*3 of nett...
Dividends
Do
rate per cent
Miscellaneous
1, 1931
July 1,
July 1.
8ept. 1,
Sept. 1,
1,124,292
6
70,000
Total disbursem’ts.
2,161,381
3,138,486
2,176,135
4,169,279166,551
Balance, surplus
208,512
40.855
193,171
-(V. 38, p. 569, 751, 763 ; V. 39, p. 722, 733.)
Michigan Sc Ohio.-Roa<l completed Nov., 1883, from Allegan
Mich., to Dundee, Mich., 154 miles, using the tracks of the Toledo AnnArbor & Grand Trunk. 22 miles, to Toledo, O. It was constructed by
a New York syndicate, and
each subscription of $16,500 in cash re¬
ceived $15,000 1st mortgage bonds, 150 of preferred and 250 shares
common stock.
Bonds issued at $15,000 per mile. Stock is $2,500,000
pref. and $3,750,000 com. In Nov., 1884, the interest on the bondfr
was passed.
See V. 39, p. 522. (V. 38. p. 115; V. 39, p. 522,553.
Middletown Unionville Sc Water Gap.—Owns from Mid¬
dletown. N. Y., to Unionville, N. J. State Line, 13 miles.
Is controlled
by N. Y. Sus. & West, by ownership of stock. Formerly leased to the MicL
Jersey and bonds guaranteed. Stock $149,850.
Midland North Carolina.—Owns from Morehead City to Golds¬
boro, 95 miles, and constructing to Salisbury, 150 miles further; bull*
by the Midland Improvement and Construction Co. Total projected Ilfin
is 565 miles. Stock, $5,000,000. American Loan A Trust Co., BostajL
of New
is trustee. The company leased the Atlantic & North Carolina in
from Morehead City to Goldsboro, and was constructing its line to
bury, hut the company became embarrassed and the affairs of the
struction
1881
Salis¬
Con¬
Company were to be wound up.
Milwaukee Lake Shore &-Western.—Owns from Milwaukee
Wis., to State line and beyond, 314 miles, of which 4 miles are leased ;
branches—Hortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers,
6 miles; Eland June, to Wausau, 23 miles; Antigo to Malcolm, 11 miles ;
Monico to Rhinelander. 16 miles: total operated, 389 miles. The rosa
will be extended to Ashland, Wis. This company was organized in 1876
as successor to the former company foreclosed in 1875.
The eompany
has $5,000,000 preferred stock and $1,750,000 common stock issued
out of $5,000,000 authorized. The consolidated mortgage for $5,000,000 will taxe up all other debts.
Preferred stock has a preference
to the extent of 7 per cent from net earnings. The annual report for
1883 was given in V. 38, p. 358. In 1883 gross receipts $l,C63,605v
net, $393,080: interest, $252^849; surplus, $140,231; interest on in¬
Earnings, *1,679,700 increase; expenses, $<72,700 increase; and ihe come bonds, $30,000. In 1882 gross receipts were $909,907; net,
resulting increase in net earnings $1,207,000. As a net result oi the $331,863; surplus, $132,792; income interest, $30,000. (V. 38, p. 230,
ioint operation of the roads the Michigan Central had $1,290,842 358. 571; V. 39, p. 96, 296, 553; Y. 40, p. 28, 61.)
applicable to dividends and paid the Canada Southern $611,570.
Milwaukee Sc Lake Winnebago. —Owns from Neenah to
At the meeting of the Michigan Central and Canada Southern direc¬
tors in December. 1884, no dividend was declared, and the following Sclileisingerville, Wis. Built in 1882 and leased for 99 years to WlBcottsin Central at 371a per cent of gross earnings as rental; but after
statement for 1884 was submitted, December being partly estimated:
$175,000 per year is received the balance of net earnings is to be equafijr
1883.
18-4.
divided. Tbe $1,000 000 debentures were authorized to be issued as
Gross earnings
$14,009,767
$11,721,000 required for improvements,
and they are convertible m any coupon day
Operating expenses and taxes
9,741,638
9,001,000 into preferred stock; the lessee
pays Interest on them till 1894. Pref.
$2,720,000 stock, 6 per cent cumulative, $780,000; common stock, $520,000; par
$4,268,129
2,640.000 of shares, $100.
2,433,416
Green
Wis.,
$1,834,713
Dividends paid in 1883—6 per ct. to
$80,000
Mich.
$1,724,292
Milwaukee Sc Northern.—Owns from
Bay,
to
Scliwartzburg, Wis., 104 miles; branches—Menasha and Appleton to
Hillbert,Wi8., Wisconsin A Michigan Railroad, Green Bay to Pike River,
and Marinette branch; total operated, 240 miles. The stock is $3,735,,000. On June 5, 1880, foreclosure was made and road sold for
$1,500,000.
It was leased to Wisconsin Central at a rental of 37
earnings, but lease terminated August, 1882.
1881, $530,250; net, $198,944.
Net in 1882,
including rental for seven months, $193,830. Gross earnings in 1883,
26,667 $513,357; net, $154,504; rentals, $19,575; interest on bonds, $129,300;
One-third to Canada Southern
surplus for year, $56,293. (V. 38, p. 230, 764.)
Total
$60,000
Mine Hill Sc Schuylkill Haven.—Owns from Schuylkill Haven,
The annual report for 1883 in V. 38, p. 569, had the following:
Pa., to Locust Gap, Pa., with branches, 137*2 miles
Road was leased
EARNINGS AND EXPENSES.
May 12,1864, to the Philadelphia <v Reading Railroad Co. for 999 years
1880.
1882.
1881.
1883.
at a rental of $321,800 pin- year. There is no debt, and 7 per cent divi¬
$
Earnings—
$
$
$
dends are paid. Operations are included in lessee’s returns.
Passenger
2,812,706
3,146,309
2,461,771
4,007,548
Minneapolis Sc St. Louis.—Owns main line, Minneapolis to
6,195,971
5,675,731
Freight
5,426,455 9,472,366
Mail, express, Ac
340,317
293,633
312,050
529,853 Angus, 260 miles; Pacific Division. Hopkins to Morton, 92 miles ; Kalo
Branch, 2 miles; Lake Park Branch,
miles; total operated, 355
Total gross earngs...
8,951,375
8,800,487
8,913,081 14,009,767 miles. En 1883 acquired the Minnesota Central Railroad, 66 miles. In
Total oper. expens...
5,738,751
6,732,096
6,671,726
9,741,03- June, 1881, a consolidation was arranged with $2,000,000 of stock.
The bonds of the $1,100,000 uiort. (1877), numbered from 1.101 to
Net earnings
3,212,624
2,068,391
2,241,355
4,268,129 1,400, for $500 each ($150,000 in all), are guaranteed by the Bur. Ceffar
P,e. op. exp.toeam’gs
64-11
76-50
74*85
69‘53 Rap & No. RR. The bonds on the 15 miles were issued by the Minneapolis
A Duluth Raiiroad before it was absorbed by this company. Preferred
income account.
$110,421
Surplus
$80,000
per cent on gross
Gross
earnings in
-
1880.
$
Receipts—
Net earnings
.
Int’st and dividends.
Total income...
Disbursements—
Rentals paid
Interest on debt
.
1881.
$
1882.
$
1883.
$
3,212,624
134,374
2,068,391
133,845
2,241,355
127,951
4,268,129
67,701
3,346,998
$
2,202,236
2,369,306
4,335,830
184,310
1,385,120
$
184,310
1,508,616
$
184,310
1,617,061
$
184,310
2.249.106
stock of $8,000,000 is authorized and $4,000,000 issued; common stock,
$12,000,000 authorized and $5,754,100 issued; par of both $100 per
diare. The projected Southwestern extension runs from Fort Dodge,
fa., towards Kansas City, Mo., 325 miles, with a branch to
Blutts, 140 miles.
Council
R. R. Cable, President, Chicago.
18*3 gross earnings were $1,651,929; net, $33 ’.956.
In
The
total funded debt Dec. 31, 1883, was $7,111,00 ). and bills payable
$1 425,000. on w'lu-li the whole annual interest would be about^$500,000. (V. 39, p. 233.)
BUOCEPXSdGCEIbv
..
‘ ^
RAILROAD
5b
Subscribers will confer a great
[VOL. XL.
of any error discovered in tbese Tables.
favor by giving immediate notice
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
.For
BONDS.
AND
STOCKS
Miles
Size, or
Date
of
of
Road. Bonds
explanation of column headings, Ac., see notes
on first page of tables.
Amount
Par
Outstanding
Value.
Rate per
Cent.
Where
When
pal When due.
Stocks—Last
Dividend.
Payable, and by
Payable
Whom.
A
&
A
&
&
A
New York.
New York.
-
•
Minneapolis <£• St. Louis —(Continued)—
Mortgage on Southwestern extension
'Mortgage. on Lake Superior Extension
2d mort. bonds, income, 5 & 10 years
1st mortgage, gold, Pacific Extension
Mississippi <t Tennessee—1st mortgage, series
let mortgage,
*
series “B,” (a second
lien)
“A”.
1880
1880
1881
1881
1877
1877
53
21
172
92
100
100
$1,000
1,000
1,000
1,000
1,000
1,000
100
1,441
1868
182
1,000
1st m., gold, sink. fund, on road and land (U.P.S.Br)
1870
100
1,000
1st mortgage, gold (Tebo. & Neosho)
786 1871-3
1,000
‘Consolidated mortgage, gold, on road and land...
500 &c.
1876
786
*2d m., income, exchangeable for genl. m. 5 per ct.
1,000
1873
•*
Booneville Bridge bonds, gold, guar
1880
1,000
1,370
General consol. M., gold ($7,038,000 are 5s
1880
East Line A Red River
70
1870
1,000
Hannibal & Central Missouri, 1st mortgage
776
1879
1,000
Intemat. A Gt. North’n, 1st mort., gold
500
Ac.
1881
776
do
2d mortgage
1880
do
Colorado Bridgejmnds
•
„
•
....
m
„
-
Missouri Pacific—Stock
1st mortgage, gold
■2d mortgage (srt. $50,000 per annum)
Heal estate (depot) bonds
Debt to St. Louis County (no bonds)
3d mortgage
.
.
•
c
1876
1880
1873
1866
1870
1880
1867
299
990
15*2
_
_
•
1,000
1.000
500 Ac.
...
Consof. M., gold, for $30,000,000 (coup, or reg.)..
Carondelet Branch, 1st mortgage
Missouri River RR., 1st mort
Leavenworth Atch. A N. W., 1st mort., guar
(fit T/OUiS Sr. T^xiugton, 1st mort
8t. L. Iron Mt. & So., 1st mort., coupon
1868
1871
1872
283
283
.
-
100
906
T
21
210
.
1,000
1,000
1.000
1,000
1,000
500 Ac
1,000
7
7
7
$636,000
123,000
500,000
1,382,000
977,000
1,100,000
46,405,000
eg.
8
8
6 g.
2,168,000
7 g.
349,000
7 g14,770.000
6
1,406,000
7 g898,000
19,268,000 5 & 6 g.
6
440,000
7 g.
768,000
6 g.
7,954,000
6
7,054.000
7
225,000
1%
30,000,000
6 g.
7,000,000
7
2 ,573,000
8
800,000
7
700,000
7
3,828,000
0 g10,700,000
6 g245,000
7
205,000
7
190,000
5
650,000
7
4,000,000
J
J.
J.
A.
A.
J.
D.
D.
Dec. 1, 1910
June 1, 1910
Jan. 1,’86-’91
J. N.Y., Continental N.Bk.
do
do
April 1, 1921
O.
N. Y., Bank of N. Y,
O.
April 1, 1902
do
fib
July 1, 1902
J.
Jan., 1899
J. & J. N. Y., Company’s Office.
do
June, 1903
do
J. A D.
1904-1906
F. & A. N.Y., Mercantile Tr. Co.
A. & O. N. Y., 195 Broadway. April 1, 1911
do
do • '
M. & N.
May 1, 1906
Dec. 1, 1920
do
do
J. & D.
1900
do
do
J. & D.
do
do
May 1, 1890
M. A N.
Nov. 1, 1919
do
do
M. & N.
1909
do
do
M. & 8.
1920
do
do
M. A N.
Jan. 2,1885
New York, Office.
Q.-J.
F. & A. N.Y., Mercantile Tr. Co.
Aug., 1888
July, 1891
J. & J. N.Y., Mercantile Tr. Co.
do
do
M. & N.
May 1, 1892
St. Louis.
Feb., 1885
mont’ly
Nov., 1906
M. & N. N.Y., Mercantile Tr. Co.
do
do
Nov., 1920
M. A N.
Oct. 1, 1893
A. & O. N.Y., Bk. of Commerce.
Jan., 1886
J. & J. N.Y., Mercantile Tr. Co.
Oct. 1, 1889
A. & O. N.Y.,Nat.Bk.Commerce
F. & A. N.Y., Mercantile Tr. Co.
Aug., 1920
Aug. 1, 1892
do
do
F- & A.
\
from Grenada, Miss., to Mem¬
phis, Tenn., 100 miles. Capital stock, $825,455. Debt was consolidated
as above in 1877.
A majority of stock was sold in April, 1884, to R. T.
Wilson of tlie Louisville New Orleans & Texas RR. Earnings for three
Disbursements—
Interest on bonds
1882.
$2,378,822
Taxes, rentals, &c
g 191,059
JKississippi Sc Tennessee.—Owns
$2,569,881
Total disbursements
Balance for year
INTERNATIONAL AND GT. NO.
missourl Kansas Sc Texas.—(See Map Missouri Pacific)— Line
OF Road—Hannibal, Mo., to Denison, Tex., 576 miles; branches, Holdens,
Mo., to Paola, Kan., 54 miles; Parsons, Kan., to Junction City, Kan., 157
miles; Whitesboro, Tex., to Ft. Worth, Tex. (leased), 71 miles; Fort
Worth, Tex., to Taylor, Tex., 163 miles; Denison, Tex., to Gainesville,
Tex., 41 miles; Denison to Mineola, Tex., 103 miles; Denton, Tex., to
Dallas, Tex., 39 miles; Miller Junction, Tex., to Belton, 7 miles; Trini¬
Receipts—
Net earnings
Other receipts
479,200
$2,971,717
defl’t.$97,640
sur.$371,497
1882.
$1,006,900
6 7,072
1883.
$954,252
34,657
$1,073,972
$988,909
$1,119,657
$903,785
INCOME ACCOUNT.
-
Total net income
TYi fitkliV'f&PYYi PYl /c
1883.
$2,492,517
.
Interest on bonds
Taxes, rental, &c
65,688
116,417
ty, Tex., east, 67 miles; coal branches, 8 miles; Jefferson, Tex., to Mc¬
Kinney, Tex., 155 miles. Total, 1,441 miles. International & Great
Total disbursemei ts
$1,185,345
*$1,025,202
Northern, from Longview, Texas, to Houston, Texas, 232 miles, and Balance for year
def. $36,293
def. $111,373
to
Texas,
415
branches—Longview
Palestine, Texas,
Laredo,
miles;
to -(V. 38, p.115,261,331, 3 56,359, 763; V. 39,p.l23;V. 40,p. 120.)
Jarvis. 29 miles; Houston to Columbia, 50 miles; Phelps to Huntsville,
Missouri Pacific. — (See Map.). — Line of Road. — Owns main
S miles; Mineola to Troupe, 45 miles; leased—Round Rock to George¬
line from St. Louis, Mo., to Atchison, Kan., 330 miles; branches
town, 10 miles; Henderson to Overton, 16 miles; leased Gal. H. & H.
660 miles; total 990 miles. In May, 1881, the 8t. Louis Iron Mountain
road, Houston to Galveston, 50 miles; total operated 826 miles.
& Southern was taken in. July, 1883, the mileage was as follows: From
Organization, History, &c.—The M. K. & T. Company was organized
St. Louis to Texarkana, Texas Line, 490 miles; branch lines, Mineral
April, 1870, and embraces by consolidation the Union Pacific—Southern
Branch, the Tebo & Neosho and other minor companies. In 1874 the Han¬ Point, Mo., to Potosi, Mo., 4 miles; Bismarck, Mo., to Belmont, Mo., 121
nibal & Central Mo. was purchased. The company made default on their miles; Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 74 miles; Gurdon,
consolidated bonds in Dec., 1873, and was operated by a Receiver from Ark., to Camden, Ark., 34 miles; Knobel to Forrest City, 97miles;
Forrest City to Helena, 43 miles ; Newport to Batesville, 27 miles;
Dec. 30,1874, to July 1,1876, when the Union Trust Company of New
ville to Doniphan, 20 miles; total, 906 miles.
"York took possession.
The election of Mr. Gould as President took Neely
Organization, Leases, Ac.—The Pacific RR. Co. (of Missouri) was
in
January,
Dec.
1,
the
company
possession
place
1880. On
1880,
took
of its property, paying the overdue coupons. The company had a land incorporated under charter dated March 12, 1849, and road opened to
int from the United States estimated at 817,000 acres and from the Kansas City in October, 1865. The company received a loan from the
ite of Kansas 125,000 acres. There is also a grant in the Indian State of Missouri.
The Pacific Railroad of Mo. was sold in foreclosure of the 3d mortgag
Territory of 3,622,400 acres subject to the extinguishment of the
Indian title. The Booneville Bridge Company is a separate organiza¬ Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
and others, and a new company organized with a stock of $800,000.
tion, and earns interest and proportion for sinking fund.
At a meeting of stockholders May 18, 1881, a lease to the Missouri This foreclosure was afterwards contested by suit, and the decision of
Pacific for 99 years was ratified on terms following:
That the the U. S. Supremo Court held substantially that the charges of fraud
(See V. 38,
lessee operate the road and pay the obligatory mortgage interest, pay¬ were sufficient to warrant a trial on the merits of the case.
57i.)
ing over the balance to the Missouri Kansas & Texas Company. If there p. The
present company was a consolidation in August, 1880, embracing
Is a deficit in income the lessee may advance money to pay interest, or
In case of failure to make such advance the Missouri Kansas & Texas the Missouri Pacific, St. Louis & Lex., Kansas City & East, and Lex. &
South, in Missouri; and the St. Louis Kan. & Ariz. and Kan. City Leav.
«an resume possession of its road.
The International & Great Northern Railroad was acquired by Mo. A Atch. in the State of Kansas.
The St. Louis Iron Mountain & Southern stock was taken up with
Kan. & Tex. in May, 1881, by an exchange of two shares of Missouri
Kansas A Texas stock for one of International & Great Northern, Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacmofor
and the Int. & Gt. North, stock is held in the treasury of the M. K. & T. four shares of Iron Mountain, and the St. Louis A Iron M. tock is
The International & Great Northern was a consolidation of the held by Missouri Pacific.
Stock and Bonds.—Under the new regime the payment of dividends
Houston <fc Great Northern Railroad and the International RR. of Texas
on Sept. 22,1873.
The company made default on its bonds, and a ro- was begun on the present stock in 1880, in which year 1*2 per cent was
eeiver was appointed in April, 1878. Sales in foreclosure were made paid. Dividends since were as follows: in 1881, 6; in 1882, 6*4; in
July 31 and Oct. 14, 1879. In the reorganization the lands of the com¬ 1883,7; in 1884, 5*4.
The consolidated mortgage above is for $30,000,000—trustees John F.
pany, amounting to about 5,000,000 acres, were conveyed to the
second mortgage bondholders in full settlement for their lien on the road, Dillon and Edward D. Adams. The bonds are issued to retire the out¬
which was thereby discharged, and the New York & Texas Land Com¬ standing bonds of the consolidated company, as above given, amounting
to $20,184,000. The remaining $9,816,000 are issued as may be re¬
pany was formed to manage the lands.
Stock and Bonds.—The stock has ranged as follows since 1877, quired for finishing, constructing, purchase, acquisition, &c.
viz.: In 1878, 2@7ie: in 1879, 53a®35%; in 1880, 28*83)49x4: in 1881,
Operations, Finances, &c.—The earnings and income aeoount below
847e®54; in 1882, 2638@42*2; in 1883, 19*2@3478; in 1884, 9*2®23*4; are for the Missouri Pacific and its branches only (990 miles); for, not¬
in 1885 to Feb. 20,14 •23)17*4
withstanding the merger of St. Louis & Iron Mountain stock and lease of
The general consolidated mortgage is at $20,000 per mile on all road Missouri Kansas & Texas, the operations of all the roads have been
built and to be built; of which $18,217,000 is reserved to take up first kept separate and are so reported. The Missouri Pacific is regarded as
consol, and prior bonds; $447,000 for the East Line & Red River bonds. the mafu company of the whole Southwestern System of Gould roads,
There were $10,000,000 reserved to take up Income mortgage bonds and and on its stock only are dividends paid.
In 1884 the gross earnings (including the Iron Mt. RR.) were $16,sorip, and in Nov., 1883,an exchauge was offered to the holders of Income
Ixmas, in these general mortgage bonds, bearing 5 per cent interest, at 274,118, against $17,058,414 in 1883; and the net were $7,792,016,
«ar,
he amount
holdersmort.
at 60bonds
per ascent
of theirtheholdings.
and to scrip
of general
of given
the taco
includes
amount
above
of Income bonds and scrip that had been converted up to Oct., 1884
There are also $32,000 of Hannibal & Cent. Mo. 7s 2d mortgage bonds
yet out, due in 1892; and also a small amount of old 8 per cent income
bonds of International & Great Northern, exchangeable into Int. & G.
N. 2d mortgage bonds. The I. & G. N. also guarantees $2,000,000 of
Galveston Houston & Henderson 1st mortgage 5 per cent bonds.
Operations, Finances, &c.—Since the road went into the Gould sys¬
tem the earnings have increased, both gross and net.
The income
Account for 1882 showed a deficit of only $97,000 after paying all
charges for interest, but not including interest on the income mortgage.
-In 1883 gross eamiugs were much larger, owing partly to the heavy
cotton crop of 1882 In Texas.
The increased interest charge after
1883 on $10,000,000 of new general mortgage bonds exchanged for
Incomes aud scrip will be, when all issued, about $500,000.
For six months from Jan. 1, 1884, to July 1, 1884, gross earnings (not
including Int. & Gt. No.) were $3,265,849, against $3,317,432 in 1883;
net, $999,226, against $1,020,321 in 1883. Annual report in V. 38, p.357,
MISSOURI KANSAS & TEXAS INCOME ACCOUNT.
ReceiptsNeteamings
Dividends, etc
Total net income
1882.
$2,265,478
against $7,865,386 in 1883. See V. 40, p. 182.
The annual report ot Mo. Pacific for 1883 was published in the Chron¬
icle, V. 38, p. 331 and 3o6. The earnings, income account and balance
sheet were as follows:
Gross
Operating expenses
146,207
$2,472,241
$3,343,214
-
Net earnings
Per cent of operat’g expenses
to earnings.
4,324,888
$3,769,730
53’44
1883
$9,153,731
4,978,465
$4,175,266
54*39
INCOME ACCOUNT.
1882.
Receipts—
Net
earnings
Total net income
Interest on bonds
Dividends paid
Rate of dividend
Total disbursements
Balance for year
-
1883.
$3,769,730
$4,175,266
$4,470,282
$4,614,927
$1,598,390
$1,667,880
1,946,419
2,097,348
700,552
Dividends, Ac
1883.
$3,197,007 Taxes, rentals, &c
206,763
1882.
$8,094,618
earnings
6*4
439,661
7
348,068
420,296
$3,892,877
$4,185,524
$577,405
$429,403
RAILROAD STOCKS
38
D ASCRIPTION.
explanation of column headings, &c., see notes
on first page of tables.
Date
Miles
of
of
Road. Bonds.
Missouri Pacific— (Conlinued)—
8t. L. I. M[. & 8., v2d_ M..gold, coup., may be reg..
do
Ark. Branch, 1st mort., gold,
Q, laud gr
do
Cairo Ark.& T., 1st, gold, cp.or leg
do
Cairo <k Fulton, 1st, g., on road«fe land..
do
Gen’l consol. M. (for $32,036,000).... 1
do
do
Mobile dk Girard—2d mort.,
supplemental, gold 5
end. by Cent. Ga. RR..
3d mortg. bonds
Mobile dk Monty.—Stock
Mobile dk Ohio—Stock
1st mortgage, gold
1st mortgage, extension,
gold
1st pref. inc. and s. f. debentures, Dot cumulative
.
:
2d
3d
4th
do
do
do
do
do
do
do
do
do
'
85
180
528
472
55
....
....
....
Convertible bonds
<3en. m. & 1st on Boonton Br. &c. (guar.
81
38
110
150
125
$25,000,000) guar.
•Special real estate mortgage
Real estate terminal mort. (guar. D. L. & W)
GENERAL BALANCE DEC.
34
137
*
"
a
m
*
*
31.
1882.
$39,298,901
20,856,312
.
.
624,117
hand
1,238,990
202,579
709,441
Cfncollected earnings
Advances to railroads
1872
1870
1872
1870
1881
1881-2
1869
1877
_
.
.
.
•
•
•
•
$62,930,340
INTEREST OR DIVIDENDS.
Size,
or
Par
Value.
Outstanding
$1,000
1,000
$6,000,000
2,500,000
1,000
1,000
7,609,000
.
Interest due and accrued.
Touchers for December
..
.Miscellaneous.
Income account (surplus)
$29,958,900
25,379,000
468,972
2,395,920
92,386
4,635,162
1,450,000
10,353,000
1,000
1,000
3,311,000
261,000
800,000
2,950,800
5,320,600
7,000,000
1,000
1,000
1879
1883
1879
1879
1879
1879
1879
1,000
1,000
•
•
•
1,000,00 >
5,300.000
•
1,850,000
....
....
50
1878
1880
1,000
1,000
1864
1866
Var’us
1871
1875
1882
1.000
1883.
$39,950,939
22,324,316
1,185,718
779,050
731,661
$64,971,684
$29,962,125
26,895,000
496,433
2,430,651
122,911
5,064,564
trustee of the general consol, mortgage. The stock is all held in the
treasury of the Missouri Pacific Railway Co., having been retired in
May,
1&81, by the issue of three shares of Mo. Pac. stock for four of St.
Louis & i»on Mountain. The sales of land hi Arkansas on which the
Cairo & Fulton bonds have a lien are given in the report for 1883 as
06,840 acres for $195,988. Lands yet unsold, 928,498 acres.
The report for 1883 was published in the Chronicle, V. 38, p. 331
«nd 357, and the income account was as follows:
1883.
1882.
INCOME ACCOUNT.
Receipts- Net earnings...
Other receipts.
$7,582,209
$7,904,683
$3,735,622
102,892
$3,690,120
95,054
$3,838,514
$3,785,174
$2,248,979
499,663
$2,259 193
479,486
$2,748,642
$2,738,679
$1,089,872
$1,046,495
7
n
7
7
7
7
$
do
N.Y., 11 Pine Street.
do
do
do
f Redeemable
do
do
do
only by
sinking fund.
July 1. 1909
N.Y., Nat. City Bank.
Boston.
New York.
& O.
& J. N.Y. Bk. of State of N. Y.
& 0.
do
do
<fc
&
&
&
&
&
J.
N.
A.
J.
O.
D.
41s&5 J. & J.
Dec. 1, 1927
July 1, 1927
N.
Y., Del., Lack & W.
do
do
do
do
do
do
do
(?)
April 1, 1918
July
1, 1920
April 1, 1889
Jan.
2, 1»85
May 1, 1914
Aug. 1, 1891
Jan. 1,
ao
do
do
1900
Oct., 1901
June 1, 1915
N. Y.. Del. Lack. & W.
July 1, 1912
Company, until the extinguishment
stock authorized by the charter is
$10,000,000, or 100,000 shares of $100 each, of which there have been
issued 53,206 shares. The debentures are secured by a deed of trust of the
land, about 1,143,222 acres, and receive 7 percent, if earned.
The Cairo Extension bonds were exchanged in 1884 for the M. & O.
Extension mortgage bonds due 1927.
In August, 1881, 7 per cent was declared on 1st preferred incomes,
also 2 per cent on 2d incomes. lu August, 1882, 2 per cent on the
first preferred incomes ; in 1883, 3 per cent; in 1884, 5 per cent.
The report for 1883-84 was published in the Chronicle, Y. 39, p. 552,
and had the following remarks: “ An examination of the comparative
exhibits herewith attached will show that while the gross earnings of
the road have in effect been uniform for the past four years, with the
exception of the yellow-fever year, and the expenses have also remained
about the same, the road has been compelled to do a largely increased
percentage of business for the same amount of money; tbe constant
on
the part of the public to reduce rates, the attacks of legis¬
latures, and the increased competition arising at various points, has
a reduction in the passenger and freight rates, which the man¬
forced
agement has, however, not altogether objected to, in view of the desire
on their part to meet the wishes of their patrons as far as they consist¬
ently can, leaving a net result in the increase of business. The net
result to the preseut time has not rewarded the company for these
reductions.” *
k * “The connection between East Columbus and
Cairo is beginning to show its importance. The business received at
Cairo during the past year has increased materially. It is proper, how¬
ever, to state thut a certain proportion of this i- lost at Jackson, which,
before such connection at Cairo was made, was reoeived at that point;
but still the balance is largely in favor of the company, and shows the
value and importance of this connection.”
Gross earnings for six months of 1884 from July 1 to Dec. 31 were
$1,184,026, against $1,292,529 in 1883; net. $388,667, against $523,338.
Operations For four years ending June 30 were:
1880-81.
Total gross earnings...
Operating expenses
1881-82.
$2,377,817 $2,164,274
1,562,486 1,602,145
Net earnings
Disbursements—
Interest on mortgages..
Interest on incomes
....
$815,331
$420,000
408,000
Montgomery Ac
1882-83.
1883-847
$2,271,058 $2,278,917
1,642,651 1,547,467
$562,129
$628,406
$731,450
$456,000
$456,000
159,000
$471,200
265,000
$615,000
$736,200
106,000
Total disbursements
$828,000 $562,000
Balance
Def.$l2,669
Sur. 129
-(V. 38, p. 455, 679, 764; Y. 39, p. 22, 381, 522,
—(V. 38, p. 30, 331, 356, 540, 571, 620, 763; V. 39, p. 11, 48, 128, 553 ;
y. 40, p. 28, 182.)
mobile Ac Glrard.—Owns from Columbus, Ga., to Troy, Ala., 84
miles.
Common stock, $987,164; preferred stock, $279,900, and $5,080
Sur.$13,406 Def.$4,750
552
;
V. 40, p. 182.)
Eufaula.—Montgomery to Eufaula, Ala.,
80
TUe road was foreclosed May l, 1879, bought by W. M. Wadley,
ami the preseut company organized.
Operated under contract by
Cent. RR. of Georgia. Stock is $620,000.
Gross earnings year ending
June 30,1884, $299,470; net, $90,763. Div. of 10p. o. paid in Apl., ’83.
miles.
Pike County stock. Second mortgage bonds are endorsed by Central
RR. of Georgia. There are also $19,000 3d mort. 6 per cent bonda, due
June 1,1897. In 1883-84, gross earnings, $241,670; net, $49,686. In
Montpelier Ac Wells River.—Owns from Montpelier to Wells
Vt., 38 miles. Reorganized January, 1877.
D. R. Sort well,
Gross earnings for year ending
President, East Cambridge. Mass.
March 31, 1884, $92,188; net, $6,343.
River,
1882-83, gross earnings, $255,756; net, $77,455.
■
A.
J.
A.
J.
M
F.
J.
A.
J.
8 ’
3*2
284,000
4,991,000
& J.
J.
6 g.
2,999,000
do
Q.—Jan
Yearly.
with the Farmers’ Loan & Trust
of said debentures.
The capital
Disbursements—
Taxes, bridge and car expenses, Ac.
& D. N.Y. Farmers’ L’n & Tr.
J.
6
2
7
struggle
$64,971,684
$62,930,340
St. Louis Iron Mountain & Southern.—This company defaulted on
its interest in 1875 and finally made a compromise with its bondholders,
issuing Income bonds for overdue coupons. The company afterward
offered to exchange these for the new 5 per cent mortgage bonds,
and all are reported as exchanged. There are also $73,000 of old income
S per cents of Cairo & Fulton. The Mercantile Trust Co. of N. Y. is
Whom.
:
6 g.
6 g7
7
1.500,000
6,557,000
1,025,000
2,220,000
....
....
Payable, and by
Bonds—Prlnoi
pal, When Due.
Stocks—Last,
Dividend.
N. New York or London.
Mayl, 1897
D. N.Y., Mercantile Tr. Co. June 1, 1895
do
do
D.
June 1, 1897
J.
do
do
Jan. 1, 1891
0.
do
do
April 1, 1931
do
do
O.
April 1, 1931
J. N. Y., Nat. City Bank.
Jan., 1889
do
do
D.
June. 1897
N. Y., L. & N. Office.
March 1, 1881
Yearly.
15,000,000
5.000,000
1,000
1,000
g.
g.
&
&
&
&
&
&
&
&
7
251,716
1,000
g.
M.
J.
J.
J.
A.
A.
J.
J.
900,000
800,000
5,000,000
1,494,000
50
500 &c.
500 &c.
g.
g.
g.
7
«■
....
....
7
7
7
7
5
5
8
4
3
Where
Payable
600,000
....
....
When
Rate per
Cent.
Yearly.
Yearly
....
'Liabilities—
.
Amount
100
100
132
....
D.L.&W.)
D. L. & WT..
Materials and supplies on
Cash on hand...
j
C7U7 <
84
84
Assets—
-
QA7
fund
Consol, mort. (for
,
310
99
71
304
....
Montgomery <£ Eufaula—1st mortgage
J.Montpelier & Wells River—Stock
Morgan's La.<£Texas— 1st mort.,gold(N.O.to M.City)
1st mortgage, Alex. Extension, gold
N. O. Opelousas & Gt. Western, debt assumed —
Morris dk Essex—Stock
1st mortgage, sinking
2d mortgage
| Vol. XL.
favor by giving Immediate notice of any error discovered In these Tables.
Subscribers will confer a great
For
AND BONDS.
mobile Ac Montgomery-(&e map Louisville dk Nashville) —
Owns from Montgomery, Ala., • to Mobile, Ala., 180 miles.
The
old road was sold in foreclosure Nov. 16,1874, and purchased by bond¬
holders, who organized this company on a stock basis, m Nov., 1879,
Morgan’s Louisiana Ac Texas Railroad Ac Steamship Co.—
1884, owned from New Orleans to Cheneyville, 205 miles;
branches, 40 miles; branches under construction, 15 miles; Cheneyville
to Alexandria (under track agreement), 24 miles; total, 184 miles.
In Feb.,
$1,550,000 of the stock owned in this country was purchased by parties
the interest of the Louisv. & Nashv. RR. at 80, giving the control to There are yet outstanding $251,700 of 8 per cent N. O. Opelousas
In February, 1883,
that company, which now operates it. The old mortgage debt out stands & Great Western Railroad bonds due in 1889.
ing is about $230,000.
The Louisville & Nashville Co. has issued the whole stock of $5,000,000 was sold to the Southern Pacific
$2,677,000 bonds secured on this road, which are pledged for the collat- Syndicate, as reported, at 150 per share of $100. This company’s state¬
>eral trust bonds of that company. Gross earnings in lb83-4, $1,179,331; ments to the New York Stock Exchange said that the company’s prop¬
net, $308,523; int. and taxes, $211,173 ; sur., $97,350. ( V.-38, p. 230.) erty consisted of seventeen iron steamships plying between New York
mobile Ac Ohio.-Owns from Mobile, Ala., to Columbus Ky., 472 and New Orleans and between Morgan City. La., and the various Texa»
and Mexican ports, and two between New Orleans, Florida and Havana
•miles, and extension (by Kentucky Ac Tenn. RR.) to Cairo, 21 miles :
branches—Artesia, Miss., to Columbus, Miss., 14 miles; Artesia, Miss., ports: also four large ferry boats, tugs, dredge boats, wharves, ware¬
and terminal facilities, besides nearly the entire capital stock of
-toStarlprille, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles; houses,
the Gulf Western & Pacific Railroad, Texas Transportation Railway
total operated, 528 miles.
The company funded coupons from their bonds in Feb., 1867, and Co., Buffalo Bayou Ship Channel Co., and a majority interest in the
resumed payment of interest May, 1870. A default was made May 1, capital stock of the Houston <fc Texas Central Railway Co., &c. Gross
1874, ana two trustees and receivers took possession May 8, 1875, earnings in 1882, $3,659,867; net. $1,199,746; in 1883, gross, $4,416,and the company was reorganized without foreclosure, and the stock 390; net. $1,885,714; interest and taxes, $480,818. (V. 38. p. 509; •
and bonds of the company were placed on the New York 8tock V. 40, p. 61, 121.)
Morris Ac Essex.—Owns from Hoboken, N. J., to Phillipsburg,
Exchange list in July, 1879: First.—New mortgage to the Farmers'
-Loan& Trust Co., of New York, as trustees, upon the main line, excluding N. J., 84 miles; branch. Denville, N. J., via Morris & Essex Tunnel, to
tbranches, to secure bonds in the aggregate amounting to $7,000,000. Hoboken, N. J., 34 miles; leased Dover to Chester, 10 miles; Newark Ac
Second.—Deed of trust to the Farmers* Loan & Trust Co., as trustees, to Bloom. RR., 4 miles; total operated, 132 miles. In 1868 this road
was leased in perpetuity to the Del. Lack. & W. RR.
secure four series of preferred income and sinking fund debentures,
The lessees assume
covering specifically the lands, 1,150,000 acres.
Interest at the all liabilities of the Mor. & Essex RR. and pay 7 per cent per annum on
the capital stock, and they also agreed to pay 8 per cent in case the
Tate of 7 per cent per annum, or in multiples of 1 per ceu, but
not exceeding 7 per cent in any one year on these debentures, Morris & Essex earns 10 per cent on its stock in any one year alter tba
is payable annually upon each series in the order of .their priority, year 1874. The Morns & Essex is important to the Delaware Lacka¬
but only if earned in the preceding fiscal year, and is non-cumu- wanna & Western as a route with terminal facilities on New York Har¬
lative. The holders of debentures have one vote for each $100, and each bor, but the actual earnings on the road show a large annual deficit for
*m
•
*
.
year
stock of the Mobile Ac
which is irrevooy‘n>
the payment of rental. The loss to lessee was
1881, $985,890; in 1882, $941,550; in 1883,
(V. 39, p.48 )
the lessee company after
in 1880, $1,012,416; in
they instruct the Farmers’ L. & T. Co., trustees *»*»w to vote a*
the stockholders’ meetings upon the majority of the
Ohio Railroad Company, the power to vote upon
I
$1,104,218.
February,
by giving immediate notice of any error
Subscribers will confer a great favor
Date
of
Miles
of
explanation of column headings, &c., see notes
on
Size, or
Par
Outstandiug
Bonds ($100,000 are gold 5s, J. & J., 1900)
Nashville Chattanooga d St. Louis—Stock
Bonds endorsed by Tenn
1st mort. (for $6,800,000), coup
....
'73-’80
554
151
340
321
.;
Bonds held by U. 8. Government
Bonds of N. C.A St. L., 1st mort. on two branches
do
do
1st mort. on Lebanon Branch
do
do
for Jasper Branch
for Centreville Branch
do
do
Duck River RR., 2d mort., endorsed
1
Nashville d Decatur—Stock, guar’d 6 p. c. by L. A N.
1st mort. guar. s. f
2d mortgage, income
Natchez Jackson d Columbus.—1st mortgage
Mortgage bonds (for $600,000)
25
....
88
30
7*2
300.000
....
1857
1873
1881
1,000
1877
1877
1877
1,000
1,000
1,000
1,000
1,000
12
15
13
170
92
17
....
27
1870
1,000
1,817,000
1867
500
178,000
174,400
27,500
2,000,000
150,000
6 g.
10
7
1,300.000
2^
....
....
10*0
l,000Ac
1883
50
....
s
1879
1871
1869
1877
1868
500 Ac.
1.000
50
68A70
....
1869
1870
1879
500 Ac.
100
1,000
1.000
1,000
1,00 )
1881
Nashua Sc Lowell.—-Owns from Lowell. Mass., to Nashua, N. H.,
On October 1,1880, a lease for 90 years to the Boston &
Lowell was made. The rental is $60,000 per year, equal to 7*2 per cent
on stock, payable absolutely, and $1,000 (or one-half of one percent
more) is pajaide contingent upon the amount of ero>s earnings, and 8
The funded
lessee, and
$300,000.
Nashville Chattanooga Sc St. Louis.—Owns from Chattanooga,
Tenn., to Hickman, Ky., 321 miles; branches—Wartrace, Tenn., to
Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to Inman, Tenn., 25
miles; proprietary lines—Nasliv. to Lebanon, 30 miles; Tullahoma to
Caney Fork. 48 miles; Deelierd to Fayettev., 40 miles; Centreville
Branch, 34 miles; Duck River RR. (leased), 48 miles; total, 554 miles.
A majority of the stock ($3,385,000) is owned by the Louisville &
Nashville RR. Company and pledged among the collaterals for the
trust loan of that company.
The bonds endorsed by Tennessee
are secured by deposit in trust of this company’s first mortgage bonds.
This compauy owns $75,000 of the Duck River RR. 2d mortgage
sufficient
more than
applied to new con¬
the dividend payable October, 1884,
July 1,1884, to Jan., 31,1885, gross earnings
1883; net, $603,557, against
$652,270.
for 1883-4 was published in the Chronicle,
323, and had the following:
The annual report
V. 39,
INCOME ACCOUNT.
Gross earnings
Net Receipts—
Net earnings
Bonds sold A miscellan’s.
Total income
Disbursem en ts—
Interest on debt A taxes.
Dividends
Extensions
New equipment, Ao
Improvement of track...
Real estate
Other improvements
.
1883-84
$
2,256,186
$
2,074,583
$
2,283,523
878,009
833,592
1,008,668
1,068,640
1,000,175
39,006
77,247
29,072
1,878,184
872,598
$
583,577
1,085,915
$
650,972
1,097,712
$
662,320
266,802
104 465
106,077
755,437
1,035,199
eur.62,513
300,164
212,432
359,5511
352,3 L6 1
195,798
186,041
40,098
248,031
25,621
26,144
Total disbursements.
975,118
Balance, surp. or deficit, sur 903,066
*
1882-83.
$
2,372,086
$
541,514
2,096,169
f
J
*1,223,571 sur 330,478
(JENKRAL BALANCE AT END OF
1880-81.
Assets—
Road and equipment
Assets not available
Inv’tm’ts in st’ks A bonds
BiUs receivable
Real estate
Due irom agents, &c
Cash
-
Capital stock
Bonded debt (see Sufp’t).
Bills payable
Bal’ce due individ’ls, Ao.
Int’st coupons due July 1
Dividends.
Pay-rolls, Ao
Int’st on b’ds held
Vliscellam ous
’rolit and loss
EACH FISCAL YEAR.
1882-83.
1881-82.
$
$
$
14,932.355 15,711,409 16,194,823
192,024
439,353
352,876
366,450
386,040
472,590
26,483
7,187
8,387
93,875
84,246
84,*64
121,946
80,428
416,536
518,596
16,210,211 17,166,797
$
$
Total
by U. 8.
Total
6,670,331
6,670,331
8,147,000
8,649,000
247,081
659,6*8
271,305
279,610
80,757
75,665
83,481
13,981
102,494
63,014
153,600
153,600
542,675
513,395
Boston A Nashua.
N.
A. Bost. Safe Dep. A Tr.Co
O. New York A Nashville.
J. N.Y., Continental N.Bk.
do
do
J.
do
do
J.
A
&
&
A
A
A
18-32
6 g.
7
7 g.
250,000
700,000
525,000
2,460,000
1,300,000
260,000
1,200,000
700.000
(1)
7
3
7
6 & 7
6
5
Nov. 1. 1884
1893 A 1900
April 30, 1884
1884 to 1886
July 1, 1913
July 1, 1901
July 1, 1891
Jan. i; 1917
Jan. 1, 1917
1907 A 1923
do
do
do
do
do
do
J. AJ.
J. A J.
J. A J.
M.
J.
J.
A.
A
A
A
&
Nov.
Deo.
N.
Nashville.
D.
J. N. Y., Drexel, M.
0. Nashv., 4th Nat.
A Co.
Bank.
N.Y., Bank of America.
J. & J.
J. & D
M. A S.
A. & O.
M. & S.
M. A N.
1, 1909
3,' 1884
July 1, 1900
Oet. 1, 1887
1885
July 15, 1884
Bridgeport, Conn.
Bridgeport, Treasurer. June 1, 1913
Philadelphia, Co.’s office Sept. 1. 1884
N. Y.,
195 Broadway.
N. Y. L. E. A W. RR.
N.
Y., Union Trust Co.
....
7
Stocks—Last
Dividend.
Oet.
1,
1904
Sept., 1901
Nov. 1. 1889
1977
Jan. 1,
1889^
& J. N.Y.,Office N.Y.L.EAW
Jan., 1885
Newcastle, Penn.
Various N. Haven, Mecli. Bank. 1888 A 1900
Oet., 1873
do
d3
do
do
Jan., 1899
J. & J.
A. A O. N.Hav.,N.Tradesm’8 Bk Apr.l ’91 A’98
do
do
April, 1, 1909
A. & O.
do
do
April, 1911
A. A O.
J.
Q—J.
Naugatuck Junction to Winsted, Conn.,
4*2 miles; total oper¬
Hartford being used
between Naugatuck Junction and Bridgeport. Operations and earniugs
for three years past were as follows: 1881-82, gross, $714,898; net,
$223,784; 1882-83. gross, $712,865; net, $229,991; 1883-81, gross,
$676,714; net, $225,615 ; interest and dividend charges, $203,855.
Naugatuck.—Owns from
56^ miles; leased, Watertown & Waterbury RR.,
ated, 66 miles, 5 miles of New York New Haven A
Nesqueboning Valley.—Owns from Nesquehoning June cion, Pa.,
Tameuend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford,
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
for 999 years to th6 Lehigh Coal A Navigation Co. at a lease rental of
$130,000 per annum. In Sept.. 1884, the lease was modified so as to
pay 5 per cent a year only, and most of the stock has bi-en extended
for 20 v ears, with a guarantee of 5 per cent per annum. (V. 38, p. 301,
to
540.)
Nevada Central,—(See Map Union Pacific.)— Battle Mountain to
Ledlie, 86 miles; branch, Ledlie, to Austin, 7 miles; total. 93 miles.
8toek, $1,000,000. There are $250,000 8 per cent income bonds due
1930, which are held by the Union Pacific, as
stock. Default was made Oct. 1,1884, oh the bonded interest, and re¬
ceiver appointed Feb., 1885. Gross earnings, 1882, $110,440; net,
$13,731; gross in 1883; $109,351; net, $19,132. (V. 39, p.
241.)
also $959,500 of the
402; V. 40,
Newark Sc Hudson.—Owns
from Bergen Junction to Newark,
Lake Erie A Western at a rental
iuterest on bonds and 7 per cent
Parker, President, Newark, N. J.
Newark Somerset Sc Straitsville.—Owns from Newark, O., to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mansf. A Newark for 14 years from Jan. 1, 1872. Operated by the Balt.
A Ohio, which pays 30 per cent of gross earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common. $795,400, and preferred, $218,200. Gross earnings in
1880-81, $177,304; net, $41,546; deficit to lessee, $14.4.51. In 1881-2
gross, $188,937 ; net, $13,078 ; deficit to lessee, $32,921. In 1882-83
gross, $164,781; net, $19,511; loss, $29,922.
Newburg Dutchess Sc Connecticut.—Owns from Dutchess Juno.
N. Y., to Millerton, N. Y., 59 miles. The Dutchess & Col. RR. was sold
Aug. 5. 1876, and this company was organized Jan. 8, 1877, by the pur¬
chasing bondholders. In addition to above incomes, there are $150,000
1st iuort. 78, due In 1907.
In 1882-83, gross earnings $2J7,675
net, $12,320. In 1881-82, gross, $184,990; deficit, $3,126. The com¬
mon stock is $172,000 and preferred stock $715,350.
John 8. Schultze,
N. J., 6 miles. Leased to New York
of $33,000 per annum, which pays
on the stock of $250,000.
Cortlandt
1883-84.
Newburg Sc New York.—Owns from
Junction, N. Y., 13 miles. Leased
Greenwood
$
RR.. at $17,500 per annum,
A Western.
562,727
462,940
8,722
8o,3->4
New Castle Sc Beaver
New Castle, Pa., 15 miles.
16,316,655
948,167 1,115,678
17.920,544
39, p. 71, 209, 296, 3*3
Nashville Sc Decatur.—(See Map Louisville d Nashville.)—Owns
to Decatur, Ala., 122 miles.
The road was
from Nashville, Tenn.,
leased May 4, 1871, to
New Haven Sc Northampton.—Operated from New Haven,
Conn., to North Adams, Mass., 123 o iles; branches—Northampton to
Williamsburg, 8 miles; amn me:on Conn., to New Hartford.Conm,
miles; South Deerfield to Turner’s Falls, 10 miles; to Tariffville,
1 mile; leased—Holyoke A
In April, 1881, a controlling
New Haven A
surplus, $224,400.
$162,376; dividend, $112,924;
1883-84
14
Conn.,
Westfield RR., 14 miles; total, 170 milqa.
interest in the stock was sold to New York
Hartford parties.
the Louisv. A Nu.shv. RR. for 30 years from past were as follows;
July 1,1872, at a rental of 6 per cent per annum on the stock. The Y6ftl*8
lessee assumed all the debt of the Nashville A Decatur Co. In 188 ’-83,
gross earnings, $1.034.231; net. $380,207
In li*«3-84 gross, $1,138,092; net, $499,7 20; interest and taxes,
Vail’s Gate Junction to
October 5, 1866, to Erie
and operated now by New York Lake Erie
Valley.—Owns from Homewood, Pa., to
Road in operation since 1860. Leasee to
Pittsb. Ft. W. & Chic. RR. for 99 years at a rental of 40 per cent on gross
18S,919 earnings. Lease transferred to Pennsylvania Company. There is no debt.
196,988
325,006
300,217 In 1879. 13 per cent dividends were paid ; iu 1880, 13 p. c.; in 1881, 24
p. c.; in 1882,14 p. c.; in 1883, .9 p. c; in 1884, 19 p. c. Gross earnings
1883. $406,472; rental received, $162,588 ; gross in 1884, $270,245;
17,635,534 17,920,544 in
rental received $108,098.
$
$
6,670,331 6,670,331
N ew Haven Sc Derby.—Owns from New Haven, Conn., to Ansonia
8,757,000 8,903,000
13 miles. Capital stock is $446,600. of which New Haven city
5*7,132
591,499 Conn.,
140,327
97,348 owns $200,060. New Haven City guarantees the $225,000 second
bonds, and has a claim of about $300,000 for money ad¬
283,740
287.970 mortgage
In Oct., 1884, negotiations were pending between the company
15,082
21,942 vanced.
the city for an adjustment. Gross earnings in 1881-82, $166,402 ;
66,256
75,490 and
net. $7*.3*9.
In 1882 83; gross, $165,597; net, $75,505. In 1883-84,
153,600
153,600 gross,
$158,206; net, $65,023. (V. 39, p. 581.)
3,899
3,6*6
16,210,211 17,166,797 17,635,534
-{V. 38. p. 87. 230,359, 480,593,738;
324, 435, 581, 707; V. 40, p. 92, 241.)
M.
F.
A.
J.
J.
J.
pal, When due.
and by
President, Matteawan, N. Y.
Deficit.
Liabilities
Where Payable,
Whom.
Payable
When
Natcbez Jackson Sc Columbus.—Owns completed road from
I Natchez, Miss., to jackson. Miss., 100 miles. Stock. $760,809. New 6r
per cent bonds authorized but up to May, 1884, not issued.
Earnings
for 1882, $104,188; net, $46,417; 1883, gross, $177,221; net, $54,952.
per cent has been paid as rental for the past
years.
debt of $30o,000, principal and interest, is assumed by the
the lessor holds the lessee’s notes for the same amount—
The company had net income in the year 1883-84
to pay 4 per cent on the btook, but the income was
750,000
250,000
800,000
5
4
1,164,500
....
....
three
-
1,000
1,000
15 miles.
1881-82.
6 & 8
3
7
44
Holjmke A W.,leased. 1st M.($200,000 guar.)
Consol, sink, fund $15,000 per yr. A mort. bonds
Northern Extension
1880-81.
7
6
4
6
6
6
....
Mortgage bonds, coupon
p.
6
71,000
5
New Castle & Beaver Valley—Stock
New Haven & Derby— 1st A 2d mortgages
New Haven d Northampton—Stock
$1,398,487, against $1,413,897 in
2
1,642,557
18
94
Bonds
were
6,670,331
12^,000
6,170,000
1,000,000
500,000
398,000
300,000
173,000
48
Nesquehoning Valley—Stock
Nevada Central— 1st mort.. gold (sink, f., $20,000)
Newark d Hudson—1st mortgage
Newark Somerset d Straitsv., 6.—1st mortgage
Newburg Dutchess d Connecticut—Income bonds...
Newburg & New York—1st mortgage
pass* d.
For seven months from
3*2
6 & 5 g.
122
119
119
99
66
61
was
Bond*—Prinoi
166,600
Naugatuck—Stock
struction or other purposes, and
Rate per
Ceut.
$800,000
$100
54
Nashua d Lowell—Stock
endorsed bonds.
Amouut
Road. Bonds Value.
first page of tables.
2d mort
discovered in tbese Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
59
BONDS,
AND
STOCKS
RAILROAD
1885.1
Passenger
Mileage.
8,726.851
9,052,680
8,773,296
Operations and earnings for threie
Freight (ton)
Mileage.
Net
Gross
Earnings. Earnings.
$333,487
24,*oO,865
25.328.564
$896,270
860,047
2(6,191
27,2*5,9©8
835,813
264,885
KAILROAD
60
Subscribers will confer a great
on
Hew
Miles
of
Jersey dt New York— 1st mort.
30
78
(reorganization)
ST. J. Southern—1st mort. (int. guar, by N.Y.& L.B.)
Long Branch
Sea Shore. 1st mort., guar
Hew London Northern—Stock
1st mortgage bonds
2d mortgage
i'oo
100
100
121
150
993
$1,500,000)
sterling, guar. D.& H. Can,
ffew York Central dk Hudson River—Stock
Premium bonds (N. Y. Central) ext. 10 y’rs, ’83..
N. Y. dk Canada—lM.,
Date
of
Renewal bonds
2d ’mortgage, sinking fund (Hudson
N. Y. C. & II.,} $30,000,000 i
River)
or
COU10n or re*‘
«*.
$
.
1865
1872
1880
1874
$400,000 yearly)
City d Northern—Ge neral mort
•
.
•
•
62
40
..
156
156
132
213
200
200
by D. L & W. (for $5,000,000)
Amount
Par
Outstanding
Value.
$275,000
1,449,600
$500&c.
600
*
1,000
100
lOO&c.
500 &c.
1,000
£100ttec
100
500 &c.
1854
1,000
1873
1873
1884
1,000
200,000
1,000
l,000&c
100
1881
1883
1882
1880
1875
1%
6
7
5
6 g.
....
....
1872
....
1880
1883
30,000,000
9,733,333
6,500,000
50,000,000
15,000,000
500 &c.
100 &c.
100 &c.
50
50
1*2
discovered In these Tables.
11,650,000
10,000,000
1,000
1,000
12,000,000
3,250,000
N.Y., Gr. Central Depot.
do
do
N.
do
do
D.
do
■
do
D.
do
do
J.
J. New York and London.
8. N.Y., Gr. Centr’l Depot.
0 g-
J.
M.
J.
M.
F.
M.
J.
J.
M.
&
&
&
&
&
&
&
&
&
D.
S.
J.
N.
A.
S.
J.
J.
N.
6
7
100
Dividend.
M & N. N.Y., Mercantile Tr. Co.
J.- & J. N. Y., Cent.of N.J.Office
New York.
J. & D.
New London, Office.
Q.-J.
A. & O. N. Y., B’k of N. America
do
do
J. & D.
do
do
J. & J.
London. Baring Bros.
M. & N.
Q.-J.
7
4
4
7
1%
6 g.
5
Q.-J.
& J.
F. & A.
J.
Bonds—Prinoi,
pal,When Due.
and by Stocks—Last.
&
<fe
&
&
&
&
3,697,000
1,493,400
Where Payable,
Whom.
M.
J.
J.
J.
J.
11.
6
7
8,500,600
When
Payable
5
6
7
7
0 £•
5
703,000
4,000,000
900,000
1,800,000
1,000
6
6
7
300,000
387,500
812,000
4,000,000
89,428,300
6,450,000
2,391,000
1,000
1,000
1,000
Rate per
Cent.
1,500,000
1,422,900
.....
'Preferred stock..
Consol, mort., coup, or reg., (for $12,000,000) —
JY. Y. Lackawanna <£ Western.—Stock, guar., 5 p.ct.
1st mortgage, coupon, may be registered
Size, or
.
523
513
513
Equip, bonds (principal payable
income
„
840840
mortgage ...)
£2,000.000 $
\
Debenture bonds (for $10,000,000),coup, or reg..
N. Y. Chicago dk St. L.—Stock ($22,000,000 is pref.)
1st mortgage, gold, coup, or reg
2d mortgage (for/$ 10,000,060)
iV. 1'.
Hew York <& Greenwood Lake—1st mort.,
2d mort., income
Hew York <£ Harlem—Common stock
1880
1879
1869
1853
•
2d mort., guar,
[Vol. XL.
INTEREST OR DIVIDENDS.
of column headings, &c., see notes
Road. Bonds
first page of tables.
"Consol. mortgage (for
BONDS.
favor by giving immediate notice of any error
DESCRIPTION.
For explanation
AND
STOCKS
N.Y., Union Trust Co.N.Y., Gr.Oeutral Depot.
1910
July 15, 1899
Dec. 1, 1899
Jan. 2, 1885
Sept., 1885
July, 1892
July, 1910
May 1, 1904
15, 1885
May 1, 1893
Dec. 15,1887
Jan.
June, 1885
1, 1903
Jan. 1, 1903
Jan.
Sept. 1, 1904
Dec.
1, 1921
1, 1923
Mar.
N.
Y., Union Trust Co.
1885 to ’94
N.
Y., Company’s Office.
May 1, 1910
New
York, Co'.’s Office.
do
N.Y., Gr. Central Depot.
do
do
N. Y. by
do
do
;;
.
do
do
do
D. L. & W.
do
do
Jan. 1, 1885
Jan. 1, 1885
May, 1900
Jan. 5,
Jan. 1,
1885
1921
Aug. 1, 1923
;
New Jersey A New York.—Owns from Hackensack, N. J., to
■Stony Point, N. Y., 25 miles; leased, Nanuet & New City RR. 5 miles;
Hackensack RR., 0 miles; Garuerville RR., 1 mile; total operated, 37
nmiles. Organized Sept. 4, 1874, by consolidation of the Hackensack &
-New York RR. and the Hackensack & N. Y. Extension Railroad; refcelver Appointed in 1877, and the two roads were separately foreclosed.
The prescnt company was formed on reorganization in April, 1880.
etock. $2,000,000 common, $800,000 preferred.
Gross earnings in
3.882 83, $223,884 met, $20,958. Y. L. Larv, President, Jersey City.
New Jersey Southern.—1The road extends from Port Monmouth,
Sandy Hook, to Atco, 70 miles, with branch from Eatontown to Pt Monjaiouth, 9 miles. The property was sold in foreclosure March 31,1879 (see
'Chronicle, V. 28, p. 352), and the present company was organized July
25, 1879. The capital stock is $1,590,000. The property is subject to
is endorsed
by the
ShoreonRailroad.
This latter
United
t120,000
the Tom’s River
RR. andbond
$200,000
on the Long
Branch
&
ea
Companies of New Jersey. The above mortgage is for $1,590,600, of
wliicli $1,449,600 have interest guaranteed by the New York
Long
Branch Railroad by endorsement of the bonds, and the Central of New
Jersey agreed to assume those bonds. The road is now operated as a
part of the Central New Jersey system.
New London Northern.—Owns from New London, Conn., to
JJrattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and
others. This road has been operated since Dec. 1, 1871, under lease to
4he Central Vermont Railroad; the lease was for 20 years at $150,000
Shore & Buffalo road, as a closely parallel line from New York to Buf
ou local business. The dividend was reduced
in October, 1884, to 13j quarterly, instead of 2. The fiscal year ends
falo, competed sharply
Sept. 30. In the first quarter of the current fiscal year Oct. 1 to Dec. 31
gross receipts were $6,810,170, against $7,914,128 in 18 L3 ; net profits
over int. and rentals, $1,377,084, against $1,837,329.
(V. 40, p. 197.)
Annual report for 1883-4 was published iu the Chronicle, v. 39, p. 679.
Net Income, DiviYear
Freiglit (ton)
over exp., dends,
Gross
ending Passenger
Mileage.
Receipts. int.&rents, p. c. Surplus.
Sep. 30. Mileage.
g $3 427/736
1880.:
.330,802/223 2,525,139,145 $33,175,913$
754,484
1881..373,768,980 2,616,814,098 32,348.395
7,892.827
*1,401,608
1882.432,243,282 2,394,799,310 30,628,781 5,743,901
179,024
1883,429,385,561 2,200,896,780 33,770,722 7,327,156
2,490,885
1884 387,829,886 1,970,OS 7,115 28,148,607 4,668,759
10,'569,219
*
Deficit.
-(V. 38, p. 113, 240, 250, 738, 203;
679, 733; V. 40, p. 92, 197, 214.)
New
V. 39. p. 264, 265, 381, 554, 665,
York CIiicago'A St. Louis.—(See
Buffalo, N. Y., to Grand Crossing, Ill., 513
miles; Grand Crossing to Chicago 9 miles;
Wap Lake Sh. (6 .If. S.)
-
miles; leased in Buffalo 1%
total, 523 miles. This Com¬
Plate.”
pany was formed in 1881 and became known as the “ Nickel
Of the stock $22,000,000 is preferred 6 per cent.
In October, 1882,
the sale of a majority of the stock to a syndicate took place, including
124,800 shares of common stock and 140,500 preferred, at the respective
and $15,000 for each additional $100,000 of earnings over prices (as reported) of 17 aud 37. The Lake Shore & Mich. So. owns this
Consolidated mortgage bonds issued to retire all stock. The quarterly report for three months ending Oct. 1, 1884, with
other funded and floating debt and to pay for branch recently pur¬ balance sheet, was iu V. 39, p. 553. The floatiug debt Sept. 30 was
$2,977,043, and was probably secured largely by the pledge of second
chased from Vermont & Massachusetts RR.
mort. bonds, as only $703,000 of the latter were reported as outstanding.
New York A Canada.—Owns from Whitehall, N. Y., to Rouse’»
The report for jrear ending Sept. 30, 1884, furnished for the Supple¬
Joint, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Baldwin, ment, s lowed the following:
N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20 miles; West Gross
earnings
$3,196,476
Chazy to Province line, 13 miles; total operated, 150 miles. The whole Operating expenses
2,222,213
line was completed Sept. 18, 1876. The road is leased and virtually
Net earnings
$974,263
owned by the Delaware & Hudson Canal Company, which guarantees the
41,289
Income from investments
bonds.
The stoek is $4,000,000. Earuings 1883-84, gross $695,265;
Total income
$1,015,552
•met, $162,720; loss to lessoes, $74,674. In 1882-83, gross, $717,667;
Rentals
$26,888
net, $116,793; loss to lessees, $118,131.
Interest
7
1,329,105 -1,355,993
New York Central A Hudson.—Line of Road.—Owns from
New York City to Buffalo, N. Y., 442 miles; branches .on New York Balance, deficit
$340,441
Central division, 306 miles; total owned, 748 miles; lines leased— —(V. 38, p. 261, 270, 646; V. 39, p. 182, 209,£81, 553, 681.)
Troy & Groeenbush, 6 miles; Niagara Bridge & Canandaigua, 98 miles;
New York City A Northern, -Owns from 157th Street In 8th
-flpuyten Duyvil & Port Morris, 6 miles; New York & Harlem, 127 miles; Avenue, New York City (connecting with Metropolitan Elevated), to
Lake Mahopac, 7 miles; total, 245 miles; grand total, 993 miles. The
Brewsters, N. Y., and branch, 54 miles. This company was organized
second track owned is 513 miles; third track, 317 miles; fourth track, March
1, 1878, and acquired the N. Y. West. & Putnam (formerly the
298 miles; turnouts, 579 miles—making a total of 2,378 miles of track N. Y. & Boston
Railroad), sold in foreclosure March, 1876. The com¬
owned by the company, and 325 miles leased, 2,702 miles in all. Also
pany in May, 1880, leased the West Side & Yonkers road for 999 years,
•operates the Dun. All. Val. & P. IiR., 104 miles, but reported separately. and the consolidated mortgage was issued to take up all the other bonds,
Organization, &c. -This company was formed by a consolidation of which $264,000 under a prior mortgage were outstanding Nov. 1,
«of the New York Central and the Hudson River railroads Octobei
L883. Stock is $2,990,000. Default was made in interest due May 1,
.1,1869. The New York Central was a consolidation of several roads 1882, aud foreclosure is pending. See proposed plan of reorganization,
ronder a special law of April 2, 1853. The Albany & Schenectady Rail- V. 36, p. 366, 690. Earuings are about equal to operating expenses.
rroad, opened September 12, 1831, as the Mohawk &, Hudson, was the —(V. 38, p. 87, 203, 230, 595; V. 39, p. 182 ; V. 40, p. 182, 241.)
tflrst railroad built in the State of New York. The Hudson River RailNew York A Greenwood Lake.—Owns from Jersey City, N. J.,
croad was chartered May 12,1846, and road opened October, 1851. The to Greenwood Lake, 48 miles; branches — Ringwood Junction to
Athens Branch (Saratoga & Hudson River) was leased in Nov., 1881,
Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
ifor 475 years to the New York West Shore & Buffalo, and the rental for miles.
This was the Montclair Railroad, opened in 1874. It was sold
■whole period commuted for $400,000.
and reorganized as' Montclair & Greenwood Lake, and again sold
Stock and Bonds.—The famous scrip dividend of 80 per cent on the October 12, 1878, and the present company organized. The New York
-capital stock of the New York Central was made in December, 1838. Lake Erie & Western purchased a controlling interest iu the property
and on the consolidation with the Hudson River road (Nov. 1, 1869) a and now operate it. The holders of the second mortgage bonds have
further dividend of 27 per cent was distributed on the New York a right to pay off the first mortgage bonds of $900,000 at 105, and thus
Centra! stock and 85 per cent ou the Hudson River stock.
In Nov¬ gain control of the property. The stock is $100,000; advances due to
ember, 1879, 250,000 shares ($25,000,000) were sold to a syndicate, the Erie and to Cooper & Hewitt $164,711. In 1881 the net deficit ou
of bankers by Mr. W H. Vanderbilt at the price of 120, and 100,000 operations was $44,003; net earnings in 18s2 $20,411. In 1883, net
©hares more afterwards. Dividends of 8 per cent per annum had been earnings, $6,475. Abram 8. Hewitt, President. (V. 38, p. 704.)
•paid since 1868, but in Oct., 1884, the quarterly dividend was reduced
New York A Harlem.—Owns from New York City to Chatham
Jto 1
per cent. Prices of stock since 1870 have been: In 1871, 84*4®
N. Y., 127 miles. From Chatham to Albany, 24 miles, the Bost. & Alb.
3.G308; in 1872, 89®10178; in 1873, 7778®106ie; in 1374, 95%® 105% ; RR. is used.
This company owns 5% miles of street railroad—the
An 1875,100® 107%; in 1876, 96 ©117^; in 1877, 85%® 109%; 1878, Fourth Avenue line. The property (except the horse railroad) was leased
103%@115; in 1879, 112®139; in 1880, 122®1553s; iu 1881,13014 April 1, 1873, for 401 years, to the N. Y. Central & Hudson River RR.,
e»155; in 1882, 123%® 138; in 1883, 111*2® 129%; iu 1834, 83%®122; at a yearly rental from the lessee of 8 per cent dividends on the stock and
in 1885, lo February 20, 81*2®9512.
the interest on the bonds. The Fourth ave. horse railroad, together with
The mortgage for $ 10,000,000 was issued to lay the third and fourth
valuable real estate, was retained by this company, and extra dividends
tracks, &c. The debenture bonds of 1884 were issued for floating debt are paid out of the receipts therefrom annually in April. All operations
*£6,500,000, and the balance held to pay off maturing bonds of 1835 of the main road are included with those of the N. Y. Central & nudson.
and 1887. Any new mortgage issued prior to 1902 must include these -(V. 39, p. 265.)
per year,
$510,000
per year.
,-debentures.
Finances, &c.—The New York Central & Hudson
JSirer has been conspicuous among the trunk lines, in not branchitiBg out and taking leases of lateral roads or extensions, but in
placing -a heavy outlay of capital on the main line from Buffalo
ito Albany for the four tracks. The road has a rich local traffic, but
the profits also depend very much upon harmony among the trunk
lines. In the fiscal year 1881-82 the profits were insufficient to pay
Operations,
-
the 8 per cent dividends, and the deficit was $1,401,608. I11 1882-83
the snrnlus over dividend payments was $179,<>25. In 188 J-84 the de¬
ficit was r‘2 .|9(VThe large decline in net income was partly owing
to yvnorM) depression, but also to the fact that the New York West
New York Lackawanna A Western.- From Binghamton to
Buffalo and International Bridge, 213 miles, built under the auspices
Del. Lack. & West. Opened Oct., 1882, and leased to Del. Lack. & West,
for 99 years, with a guaranty of the bonds and 5 p. c. yearlv on
The latter guaranty is written across tLe face of the certificates and
of
by the D. L. & W. officials.
(V. 38, p. 332,705; V. 39, p. 48.)
the stock.
signed
York Lake Erie A Western.—Line of Road.—This
company operates a
system of nearly 1,900 miles of
requiring a map to show plainly the territory occupied. From
N. Y., to Dunkirk, N. Y.,430 miles; branches—Piermont, IS miles; New0 irg, IS miles; Buffalo, 60 miles; Erie
New
railroad,
Sufferns,
International RR., 5 miles;
-February, 1885.1
RAILROAD STOCKS AND BONDS.
Subscribers will confer a great
favor by giving immediate notice of
DESCRIPTION.
For
explanation of column headings, .fee., see notes
on
fii*8t page of tables.
N. Y. Lake Erie <£ West—Stock, common
Preferred stock
(extended in 1867 to 1897)
gold (extended in 1 879)
3d mortT, gold (extended 40 years at 4^ p. ct)—
4th mort., gold, (extended in 1880 at 5 per cent).
5th mortgage, convertible
1 st mortgage
2d mortgage,
....
Buffalo Branch Bonds
Long Dock Co. mortgage
•
1st consolidated mortgage, gold
do
do
“ funded coupon bonds.
Reorganization 1st lieu bonds, gold
N.Y. L. E. A W., 2d consol, mort., gold
do
income bonds (mm-cum.)
Collateral Tr. bonds, gold red’ble at 110
Car trust bonds
New Yorfc & Lonq Branch—Stock
.
•
•
•
•
....
....
....
1,000
1,000
1,000
1,000
500 Ac.
100 Ac.
380
263
1876
1882
5
7
7
7
7
7
6
6
6
6
6 A
3,705.977
2,500,000
33,597,400
508,008
5,000.000
5,666,000
2,000,000
1,500.000
18,120,000
10,000,000
18-243
1,000
1,000
257
18 S3
1873
1,646,532
12
421
421
421
1881
....
....
1884
2,000,000
2,000,000
1,000,000
2,000,000
58,113.982
2,000,000
1,000
Newburg A New York,
Hawley A Houesdale, 24
miles; Jefferson RR., 37 miles; Buf. Brad. A Pittsburg and extension, 78
miles; Buff. N. Y. & Erie, 140 miles; Suspension Bridge A Erie Junction,
23 miles; Rochester & Genessee Valley, 18 miles; Avon Gen. A Mount
Morris, 17 miles; Pat. & Hud.. 15 miles; Pat. & Ram., 15 miles; Lockport
& Buf., 13 miles ; Buf. ASouthw., 68 miles; controlled—Newark & Hud.,
6 miles; Wechawken N.Y. A Ft. Lee. 5 miles; Northern of N. J., 25 miles;
N. Y. Penn. A Ohio and branches, 547 miles; total operated, 1,622 miles.
On May 1, 1883, began to operate the New York Pennsylvania & Ohio
under lease, and on May 14, 1883, the Chicago A Atlantic road was
opened from Marion, Ohio (on the New York Pennsylvania & Ohio), to
Chicago, 268 miles, and under control of N. Y. Lake Erie & West, gave a
complete line from New York to Chicago.
Organization, Leases, &c.—The New York A Erie RR. was chartered
April 24, 1832, and the State of New York loaned the company $3,000,-
000, and after linancial dilticulties the road was opened to Dunkirk, the
Western terminus, April 22,1851. The company defaulted and reor-
fanization
was made
under
name
of for
Eriecertain
Railway
Co., June The
25,
stock
beingthe
then
issued
861, the preferred
obligations.
Erie Railway defaulted on its bonds in 1875, and was sold
under the second consolidated mortgage in 1878. The
15,500,000
1,000Ac
1,000
1,000
in foreclosure
present com¬
pany was organized and took possession June 1, 1878.
Under the
plan of reorganization the common stock paid a cash assessment of $1
per share aud preferred stock $2 per share. One-lialf of the stock was
issued to “ Voting Trustees ” in Loudon, who voted until the dividend
on the preferred slock (6 percent) had been paid for three consecutive
years (viz., Jan. 1884), after which the stockholders j>t the company
resumed possession.
Stock and Bonds.—Preferred stock has
a prior right to 6 per cent
(non-cumulative) from the net profits, “as declared by the board of di¬
rectors,” and in Jan., 1883, it was decided by the U. S. Circuit Court that
when sufficient earnings were shown the dividend must be paid.
Prices of com. and pref. stock since June, 1878, have bee l as follows:
Com.—In 1878, 7^0)22^; in 1879, 21^8o>49; in 1889, 30®51^; in 1881,
g.
gg.
g.
g.
g
5
„
When
Where
Payable
I Bonds—PrJ nci*
pal,When Due *
Payable, and by
Whom.
Yearly. N.Y\, IS Cortlandt St.
M.
M.
M.
A.
J.
J.
J.
M.
M.
M.
J.
J.
M.
A N.
do
do
A S.
do
do
A S.
do
do
A O.
do
do
A D.
do
do
A J.
do
uo
A D.
do
do
A 8. New York and London.
A S.
do
do
A N.
do
do
A D.
do
do
A D.
do
do
A N.
do
do
Stocks— Last
Dividend.
Jan. 15,1884
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1. 1888
July 1. 1891
Jan., 1893
Sept. 1, 1920
Sent. 1,
Dec. 1,
Dec. 1.
June 1,
Nov. 1,
1920
1908
1969
1977
1922
1886-1892
N. Y.,
119 Liberty St.
_
6 A 7
6
6
4
5
4
6 A 7
4
12
2,833,000
100
123
12
discovered in these Tables.
5
„
1,321,785
1882
Rutherford to Ridgewood, 11 miles ; leased—Montgomery A Erie RR.,
10 miles; Goshen & Deckertown, 12 miles;
13 miles; Paterson Newark. AN. Y., 11 miles;
4^g.
3,000,000
16.890,000
1,000
....
6
7
5 g.
709,500
182,600
500 Ac.
1.000
500 Ac.
300 Ac.
....
Rate per
Cent.
$77,150,600
8,134,800
2,482,000
2,149,000
4,618,000
2,926,000
1,000
1,000
....
1882
Mortgage bonds
Outstanding
$100
....
33
N.Y. <6 ACEngland—Stock ($20,000,000 autli’rized)
1st mortgage ($6,000,000 are 7s)
2d mortgage (for $5,000,000)
Car trust certificates
Notes and debts for terminal property...
New York New Raven <£ Hartford—Stock
Mortgage bonds, reg. (for $5,000,00 >)
Harlem A Portchester, 1st mortgage guaranteed.
do
do
2d mort., coup, or reg
New York Ontario <£• Western—Preferred stock
Common stock
1st M., gold. for $4,000,000 (r.deemable at 110)....
Amount
100
1847
1879
1853
1857
1858
1861
1863
1870
1878
1878
1878
1878
1882
any error
INTEREST OR DIVIDENDS.
Miles Date ) Size, or
of
of
Par
Road. Bends. Value.
1,660
1,660
61
V
J. A J. Bost.,Treasuier’s Otfice.
F. A A.
do
do
A. A O.
Various
J. A J. N.Y., Grand Cen. Depot.
J. A D.
do
do
A. AO.
do
do
J. AD.
do
do
.......
Jan., 1905
Aug. 1, 1902
1883-92
1883-92
Jan. 1, 1885
June 1, 1903
1903
June 1. 1911
M8rcli 1, 1883
_
tig-
M. A S.
New York
Sept. 1, 1914
The statement of profit and loss inc1 * ••
’uiuerous items, and refer¬
should be made to the table in V. 39, p. 605, of which the totals are
as follows for the fiscal years
ending Sept. 30,1881. 1882,188 i and 1884:
1881.
1882.
1883.
1884.
ence
Total, income.
Total debits
.
...
Surp.or deficit.
*
$8,303,681
6,416,233
$7,66^,335
6,501,693
$8,231,463
6,968,978
$1,*87,417
$1,166,642
$1,265,485 *def.$898,622
In 1883-84 this allows for full
$6,356,983
7,055,606
interest
on 2d consols, though only
actually paid.
~(V. 38, p. 87, 203, 329, 359. 373, 388, 424, 439, 455, 495. 509, 595,
646, 091, 706, 721,73s ; V. 39, p. 33,48, 157. 13*2, 209, 234, 246, 265,
277,297,324,349,409, 421, 435, 514, 522, 581, 595, 604, 692, 707,
733; \r. 40, p. 23, 92. 151, 164, 182, 214, 241.)
two months’ inter, st of that fiscal year was
New York Sc
Long
Brancli.—The following-named companies
consolidated on December 21, 1881: New York A Long Branch
RR., from Perth Amboy to Long Branch, 23 miles; New Egypt A Farmingdale RR., from Long Branch to Ocean Beach, 7; Long Branch A
Sea Girt RR., from Ocean Beach to Sea Girt, 3; New York A
Long
Branch Extension RR., from Sea Gi rt to Point Pleasant, 3 ;
Long
Branch A Barnegat Bay RR., from P oint Pleasant to Bay Head, 1;
total length, 38 miles.
The Central RR. of New Jersey holds a majority of the stock, and by contract of Jan. 3, 1882. the Penn. RR. and
Central of N. J. agree to pay 32 p. ct. of gross traffic—$200,000 per year
as a minimum to $240,000 as a maximum. WhenthePhila.A Read, leased
the Central of N. J., litigation was begun to deprive the Penn. RR of
further use of this route, but a compromise was male.
Gross earn¬
ings for the year 1883 were $544,390 and deficit on operations $35,383.
Interest charge, $90,000 and dividend of 1
per cent $35,000, making
total deficit, $160,383. (V.37, p. 343 ; V. 38, p. 679.)
New York Sc New England.—The mileage owned is as fol¬
lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3
miles; Providence to Willimantic, 58 miles; branches—Newton, Mass.,
fo Woonsocket, R. I., 28 miles; East Thompson, Conn., to Southwere
bridge, Mass., 17 miles; Elmwood to Dedham, Mass., 1*2miles; Charles
River to Ridge Hill, Mass., 2 miles; Dorrance Street, in
Providence,
2 miles; total owned, 326 miles. Leased—Franklin to Valley Falls, 14
miles; Vernon to Rockville, 4 miles; Springfield to E. Hartford, Ac., 34
miles; Norwich A Worcester RR 66 miles; total leased, 119 miles; also
has running arrangements ov -.r 26 miles more. Total, 471 miles.
39%2>5278; in 1882,33L*@43\; in 1883, 2trt8®40'78; in 1884, 11163)2838;
in 1885 to Feb. 20.1144^14^.
Pref.—In 1878, 21Lj3>38; in 1879, 37^
78is; in 1880, 47*3)93H»; m 1881,80^961*; in 1S82, 67d>SS^; in 1883,
723)83; in 1884, 20® 71; in 1885 to Feb. 20, 203)30.
The funded coupon bonds are secured by lien of consolidated
The former Boston Hartford A Erie Railroad became insolvent and was
mortgage.
On the second mortgage and second funded coupon no succeeded by this company, formed in 1873. The Boston Hartford A
forecli sure can take p'ace rill six successive coupons are in default, Erie’s principal debt was the Berdell mortgage for $20,000,000, which
hut all of one coupon must be paid before any part of a subsequent was made exchangeable into the stock of this present
company. In
1878-9 the company acquired the Hartford Prov. A Fislikill RR. by the
coupon is paid. In 1882 the reorganization first lien bonds dated 1878
were issued, and they rank next to the 1st consol, mort. and its funded
paj'ment of its bonds. In June, 1882, $5,000,000 new bonds were
coups. In 1883 the collat’l trust bonds were issued, amounting to authorized, and stock owned by the State of Massachusetts was sold to
$5,000,000 (the U. 8. Trust Co. trustee), secured on a number of different the stockholders at 50 per cent, while the second mortgage bonds to
stocks and bonds' owned by the company, as enumerated in V. 38, p. the amount of $1,737,000 were issued to the State of Massachusetts.
Since the completion of the line to Fishkill on the Hudson and a con¬
509, and redeem ible at 110 on three months’ notice.
Operations, Finances, Ac.—1The company since its reorganization nection there with the Erie and West Shore roads in 1833, the through
in 1878 has essentially changed its character, and has become a stand¬ traffic rates have been demoralized, and the N. Y. A New
England has
ard gauge system, with direct connections to Chicago and St. Louis. not yet realized the full benefit of th it extension.
The income account for several years showed a considerable surplus over
On January 1, 1834, Mr. C. P. Clark, the President, was appointed the
fixed charges, but in 1883-84 the income fell off largely, and there receiver. The proposed financial plan was to issue new preferred* stock
was a deficit below the interest requirements, and the coupon of June,
for $5,000,000, and to use the balance of 2d mortgage bonds unsold
1884, on the 2d consol bonds, was passed, partly in consequence of losses ($2,000,000). See V. 39, p. 409. For the ear trust bonds 2d mortgage
by the failure of Grant A Ward. At the election in November, 1884, a bonds are issued, bearing 3 per cent for five years, five per cent for two
complete change was made in the directory and Mr. John Kiug elected years and 6 for balance of term. The annual report for 1883-84 gave a
President. Mr. Jewett retired, and his report (Vol. 39, p. 604) should good account of the situation of the
property, arid represented the
be referred to for particulars of the company’s financial position.
results of the year as exceptionally bad, with better prospects in
The holders of car trust bonds have relinquished their right to annual future.
Gross earnings for three months from Oct. 1,1884, were $300,461,
drawings of principal, as per Chronicle, V. 40, p. 214, and holders of
series F. and G. reduced their interest to 5 per cent.
against $891,390 in 1883; net, $225,290, against $32,425 in 1883.
Gross earnings for three months, from Oct. 1 to Dec. 31, 1884, were
The operations of the Norwich A Worcester road are kept separate.
$5,141,580, against $6,415,696 in 1883; net, $1,466,010, against See annual report for year ending Sept. 30, 1884, in V. 39, p. 652. Oper¬
$1,772,788 in 1883.
ations, Ac., for three years past were:
The annual report for year ending Sept. 30, 1884, published in the
Av.
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Chronicle, V.'39, p. 604, had the following:
Mileage.
Mileage.
Earning*. Earnings.
3
80
103,668,653 $3,268,810 $909,194
55,853,672
OPERATIONS AND FISCAL RESULTS
384
53,815,074
153,213,910
3,571,858
385,480
Operations—
1880 81.
1831-82.
1882-83.
1883-84.
382
5 4,299.316
138,534,292
3,362,032
420.406
Passengers carried..
6,934,724
6,734,045 —(V.38,p. 1,30, 60, 148, 203, 230, 295.332.379,424.
6,144,158
6,784,195
456,540,679.706,
Passenger mileage .. 200,483,790 225,130,883 247,147,117 235,105,053 764; V. 39,]).22,157,234, 265,409, 435,553,652,682,707,733; V. 40,
Rate $ pass. $ mile
2*016 cts.
1*947 cts.
1969 cts.
2*189 cts. p. 28, 120, 152, 182.)
Freight (tons) moved 11,086,823 11,895,238 13,610,623 *16,219,598
Freight (tons) mil’ge 1984394855 1954389710 2306946892*2498888976 N.New York New Haven Sc Hartford.—Owns from Harlem June.,
Y., toSpringfield,Mass.. 123 miles; branches to New Britain, MiddleAv.rate $ ton 18 unle
0*805 cts.
0*749 cts.
0*780 cts. *0*685 cts.
town andSuffleld, 18 miles, leased—Harlem A Portchester RR., 12 miles;
Warnings—
$
$
$
$
Shore Line RR., 50 miles; Boston A Now York Air Line and branch, § 1
4,384,510
Passenger
4,041,267
4,632,229
4,675,872
Freight
15,992,275 14,642,123 17,213,621 15,773,004 miles; Stamford A New Canaan Road, 8 miles—total operated, 263
Mail,expr’s,rents, Ac.
682,063
949,136
956,396
1,188,559 mites. This was a consolidation July 24, 1872, of the New York A New
Haven and the Hartford A New Haven railroads. The company uses
Total gross earn’gs 20,715,605 19,975,774 22,802,246 21.637,435 the N. Y.
A Har. RR. from Williamsbridge into N. Y. City and
a
Operating expenses. 13,256,230 13,088,093 15,444,533 16,358,077 large rent therefor. The company leases the Harlem River Apays
Port¬
Net earnings
chester
Railroad,
and
7,459.375
6.887,681
'7,357,663
5,279,358
guarantees the bouds. In November. 1882, the
P. c. op. exp.to cam’s
64*00
69*52 lease of the N. Y. A Boston Air Line for 99 years at 4 per cent per an¬
65*50
64*78
num on the preferred stock was made.
In Sept., 1882, the sto».k of tne
*
In all the figures for 1883-34 the N. Y. Pa. A Ohio statistics are
Hart. A Conn. Val. road was purchased. In April, 1881, a controlling in¬
included for the entire year, but in 1832-83 they were included for five terest was bought in the N. Haven A Northampton KR. stock by parties
months o dy.
in fcue interest of this company. In 1883 the mortgage !<*:* $
009 a t
,
RAILROAD
63
Subscribers will confer a great
ex»‘
•
•*’
.
.
*
..nation of column headings,
on first page of tables.
&c., see notes
York Penn, db Ohio—Prior lien bonds, gold,$&£
let mort., gold, incomes till July, 18S5,
2d mortgage, incomes. $ & £
.
ew
$&£...
3d mortgage, incomes, $ & £
N. Y. Phila. <6 Norfolk—1st mortgage,
Income mortgage
N.T. Pittsburg di Chic.—1st
Date
Size, or
of
Par
Bonds Value.
Amount
Outstanding
M., gold ($18,000 p. m.)
1st mortgage
N Y. Susqueh.d: Western—New mort.,
First mortgage. Midland of New Jersey
gold
Mortgage,
Debenture
gold,
bonds
Scrip for coupons
m
m
m
82
50
12
114
72
....
(redeemable at option)
Income bonds (for $20,000,000)
W. Shore & Out. Terminal Co., 1st
Receiver’s certificates
Car trust certificates
N.Y. Wood. <£ Rock.—Ist mortgage
....
463
M., gold, guar.
(for $600,000)
..
Niagara Bridge <£• Canandaigua—Stock
Norfolk db Southern—1st mortgage, gold
income (cumulative)
certificates
Western.—Common stock
Sinking fund debentiu*e
Norfolk (£
m
Paterson Extension
Car trust certificates
N. Y. Tex 11 Mcx— 1st M.. gold, 1. g. (for $8,000,000)
N. Y. West Shore <£• Buffalo- 1st M„ gold, coup. & reg.
2d mortgage,
427
460
460
460
General mortgag. gold (for $11,000,000)
1st M., gold, on New Riv. div, (op., but may
*16
100
75
75
5*1*6
Preferred (6 per cent) stock
be rg.)
Improv. & Ext. mort., gold, ($8,00'*,000 author’d)
Adjustment mort., gold (red’Dle after ’04 nt 1 10‘.
510
428
80
510
510
authorized, to be issued as required in
4 per cent was
ments on the main line.
Fiscal year ends September
1880
1880
1880
1880
$500&e.
1881
500 &c.
100
....
1869
1881
1881
1880
1881
1882
1885
1,000
500
....
1882-3 500 &c.
500
1882
1881
1884
1883
18-3-4
1882
l,000&c
10,009,000
2,909‘,0I)0
.
1.66*0
395,000
1,000,000
100
1*880
1881
1,000
1,000
1881
1,000
100
100
1.000
1.000
1881
1882
1883
1884
1,000
1.000
making improve¬
& Oswego Midland. Main line was opened
Default was made in 1873. The main line was sold in fore¬
closure November 14, 1879.
The present company was organized
January 22, 1880. From assessments about $10,000,000 was realized,
the holders of first mortgage bonds taking new common stock without
paying any ass- ssment. and the holders of receivers’ certificates taking
new preferred stock.
The terms of reorganization forbid the placing of
a mortgage ahead of these stocks, except by consent of a majority of
July, 1871.
made with the New York’West
receive 6 per cent (uon-cumucommon. In March, 1883,
dividends for two years were paid on preferred stock. (See terms of
alliance with the N. Y. W. Sh. & Buf. below under title of that company.)
In July, 18*4, an English committee examined iuto the affairs of ihe
company, and effected the following important changes,. as per their
report in V. 39. p 1*2, viz.: 1. The guarantee of $ >00,000 per annum
has been canceled, the only obligation beiug the payment of 25 per cent
of the local and West Shore train earnings, which amounts at present to
about $200,000 per annum.
2. The Ontario Co. is not to pay 25 per
cent of its own traffi *, but retains the whole of the earnings from its
own traffic comiug from noith of Middletown (which at the present
time exceeds $200,OoO per annum, and is increasing), until the gross
earnings from .11 sources on the section exceed $2,00a,000 per annum.
3. The allowance per train mile for West Shore trains over the leased
line was reduced to 37 cents per mile for passenger trains of five cars
*
of any error discovered in these Tables.
Bonds—Princi¬
Where
Rate per
WTien
Cent.
Payable
6
7
5
5
g.
g.
g.
g.
fg'
6 g.
2
7*
4
6
6
6
6
6
6
6 g.
pal, When Due.
Stocks—Last
Dividend.
Payable, and by
Whom.
S. London and New York. March 1,1895
do
do
J.
July 1, 1905
do
do
N.
May 1, 1910
do
do
N.
Nov., 1915
J.
0
New York Agency.
J.
July 1, 1921
Q.-F. N. Y., Central Trust Co. Feb. 10, 1885
do
do
J. & J.
July 1, 1899
do
do
A. & O.
April 1, 1901
N. Y., 93 Liberty St.
J. & J.
July 3, 1911
do
do
A. & O.
April 1, 1910
1911
do
do
T. & D.
do
do
F. & A.
Aug. 1. 1897
1895
do
do
-
M.
J.
M.
M.
J.
&
&
&
&
&
A. &
J. &
.
..
Quar.
A.
& O.
lg-
J.
& J.
5 g.
G
6
6 g3
6 g.
F.
J.
1887-1893
1, 1912
Oct.
New York & London.
New Y ora or Loudon.
July. 1931
& A. New York or London.
& J.
Various
Treasurer’s Office.
J. & J.
A. & O. N. Y., Ceut. RR. Office.
M. & S. N. Y., Mercantile Tr. Co.
Aug. 1, 1923
July, 1887
1884-94
Jan. 1, 1902
Oct. 1, 1884
New York Providence Sc Boston.—Owns from Providence. R.
I., to Groton, Conn., 62 miles; Warwick RR., 10 utiles; operates also
Pawtuxet and Pontiac branch roads, 10 miles; total operated, 82 miles.
Owns
majority interest in the
Line, which has a capital of
two years past were :
Passenger
Years.
Miles.
Mileage.
27.016 757
82
28,168,212
..
Providence
Stoniugtou Steamship
Operations and earnings for
$1,400,000.
Freight (ton)
Gross
Mileage.
Earnings.
15.384,287 $1 133,445
16,688,298 1,185,330
Total net Div.
Ificome.
$4:9,139
457,675
p. c.
8
8
—(V. 39. p 681.)
New York Susquehanna Sc Western.—Jersey City to Gravel
Place, 101 miles; Two Bridges, N. J..to Unionville.N. Y.,21 miles; other
branches. 12 miles; leased-Unionville, N. Y., to Middletown, N. Y., 14
miles: Lodi Br., 2 miles; total operated, 150 miles.
The New Jersey Mi lland was built as a connecting line of the New
York & Oswego Midland, and went into receiver’s h inds March 30,
1875, and was sold in foreclosure Feb. 21. 1880, and tbe Midland of
New Jersey was organized. The New York Susquehanna & Western was
a consolidation in June, 1881, of the Midland of New Jersey, the Pater
son Extension, the North Jersey, the Pennsylvania Midland and the Mid¬
land Connecting railroads.
Stock, common, $13,000,000; preferred
(cumulative 7 per cent), $8,000,000. The amounts of stock were reduced
in 1882 from $20,000,OoO com. and $10,000,000 pref. The New Jersey
Midland junior securities were exchangeable into stock of this company
on certain terms, and the status of the exchanges was stated in the
Chronicle. V 38, p. 594.
In Jan., 1885, the holders of N. Y. Sus. & W. mortg. bonds and deben¬
tures were asked to fund in scrip one-half
the other half being paid in cash.
Gross earnings in 1883 were $1,036,656;
of the coupons then due,
net, $400,064 ; interest on
bonds. $382,500. En 1884 gross earnings were $1,034,208; net, $416,520; interest, $403,675. (V. 38, p.230, 541, 594; V. 40, p. 28, 182,241.)
New York Texas Sc Mexican. - Line projected from Rosenburg
that $400,000 would put the equipment
floating debt was $1.595,OoO. The plan pro¬
posed was to pay this off by authorizing $4,OoO,OoO of 6 per cem first
mortgage bonds, $2,oi 0,0* 0 only to be issued, tbe other $2,000,000 to
be reset ved to retiie tbe preferred stock. A majority of common and
preferreo stockholders afterwards as-ented to this issue of bonds, and in
January, 1885, the bonds weie offered for sale,
In the year ending Sept. 30, 18-3, gross earnings were $1,357,778
and net $159,702. In 1883-84, gross. $1,789,939; net, $35,305. See
annual report in V. 40, p. 119. (V. 38. p. 230, 359, 883, 571; Y. 39, p.
22, 182, 324, 454, 493, 733 ; V. 40. p. 11 9. 1»2.)
New York Pennsylvania Sc Ohio.—Owns from Salamanca.
N. Y., to Dayton, O., 388 miles; branches—Franklin June, to Oil City,
33 miles; Junction (main line) to Silver Creek, O., 2 miles; total owned,
423 miles. Leased lines—Cleve. & Mahon. RR., Cleveland, O., to Fa. Line,
and braneh, 81 miles; Niles & New' Lisbon RR., Niles to New Lisbon, 36
miles; Liberty & Vienna RR,, Vienna Junction to Vienna, 8 miles; Ohio
.Line to Sharon, Pa., 2 mile; Sliaron R’y, and extension. 15 miles;
Youngstown Branch, 4 miles; total, operated, 570 miles. Changed to
standard gauge June, 1880. Formerly Atlantic & Great Western Rail¬
way. Sold July 1, 1871, and leased to Erie on May 1, 1874, but lease
Again sold Jan. 6, 1880, and reorganized by a London
not carried out.
committee of stock and bond holders. (!-ee V. 30, p. 143.)
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per ceut interest in cash during three years.
The first mortgage bonds bear 7 per cent, whatever portion of this that
may not be earned to be payable in deferred warrants, to be capitalized
in bonds of the same class; payment of interest to become absolute not
later than Julv 1. 1895, and until June 1, 1895, tbe right to foreclose
the mortgage Is suspended. On the second and third mortgages there
is no right to sue the company or to foreclose. The stock is—preferred
$10,006,000: common, $35,000,000.
From May 1, 1883. leased to N.Y. Lake Erie & Western. The rental
will be 32 per cent of all gross earnings up to $6,000,000, and 50 per
cent of all gross earnings above $6,000.ooO, or until tbe gross earnings
are $7,2> 0,0i 0, and then 35 per eeut of all earnings.
But if 32 per cent
of the gross earnings should ever be less than a specified minimum sum
of $1,757,055 to be paid yearly, then the deficit is to be made up without
interest out of the excess m any subsequent year. Out of the rental paid,
the N.Y. P. & O. has to pay its int. and rentals, and for five years a pay¬
ment of $269,000 a year to the ear trust.
(V. 38, p. 374; V. 4<j, p. 28.)
New York Philadelphia Sc Norfolk.—V. 39, p. 654,
New York Pittsburg Sc Chicago.—This was the projected line,
from Ken Bank. Pa., to Huntington, Ind.. and to Chicago, forming a west¬
ern connection f.»r the Central of N. J.
The company was building from
Wampum. Pa., io Marion, O.. D5 innes. and the whole route was to ex¬
tend fre
New York City to Marion, * >
Henry Day, N. Y„ is trustee
of the mortgage, ana Gen. J. 8. Neglej, Pittsburg, is President.
The remedies proposed stated
in gond condition, and the
[Yol. XL.
V
•
Sept. 1, 1920
900,000
Jan. 1, 1970
6
Yearly.
1,000,000
A. & 0. N. Y., Mercantile Tr. Co. Oct. 1, 1892
6
250,000
6,9*1,900
Jan. 15,1884
17.455,500 3*2 scrip Q.—Mcb
May 1, 1931
6 g. M. & N. N. Y. and Philadelphia.
6,699,000
do
do
A. & O.
April 1, 1932
6 g2,000.000
6 g. F. & A. Compy’s Agency, Phila. Feb. 1, 1934
1,500,000
Dee. 1, 1924
New York ana Pliila.
7 a.
1.500.000
Q — M.
-
total operated, 421 miles.
This was the New York
freight trains of 30 cars.
4,417,000
1,126,700
l,000&c
Annual report was in V. 40, p. 60.
been :
have
Passenger
Freight (ton)
Gross
Net
Div.
Years.
Miles.
Mileage.
Mileage.
Receipts.
Surplus, p. c.
203 180,261,407 117,459,231 $5,937,808 $1,699,688
10
257 196,3*0.629 131,051,708
6,729,374 1,5-3,188 10
6,837,258 1,559,222 10
257 206,677,700 125,743,800
-(V. 38, p. 59, 595; V. 39, p. 580; V. 40, p 60, 214.)
New York Ontario Sc Western.—Owns from Oswego, N. Y., to
Middletown, N. Y., 250 miles; branches to Courtland. N. Y.,48 miles,
to New Berlin. 22 miles
to Delhi 17 miles; to Ellenville, 8 miles;
leased—Middletown to Cornwall and thence to Weehawken,* 77 miles ;
51 cents for
300,000
2,500,090
3,500,000
250,000
600,009
(?)
923,772
3,000,000
50,000,000
500 <kc.
30.
holders of both stocks.
In September, 1881, agreements were
Shore & Buffalo road. Preferred stock to
lative) from net earnings; surplus goes to
1,000,000
1,000
1,000
1,000
Operations for the three years
ana
$8,000,000
39,342,000
14,500,000
30,000,000
1,848,' 00
1,000,000
'<?)
3,000,000
500 &e.
500 &c.
500 &c.
gold
N. T. Prov. db .Boston—(Stonington)—Stock
First mortgage
on
l
•
INTEREST OR DIVIDENDS.
Miles
of
Road.
18-432* 182-43.7
v
RONDS.
-
favor by giving immediate notice
DESCRIPTION.
For
AND
STOCKS
'
■
,
Junction, Texas, to Brownsville,
350 miles. July, 1882, 92 miles in
operation. Mortgage $22,850 per mile, covering 5,120 acres of land,
being half of the grant, which is 10,240 acres per mile, if it can be odteined. Stock, $2,000,000. The road was operated by the contractor
till June, 1884. D. E. Huugerford, President, Victoria, Texas.
New York West Shore Sc Buffalo.—(See Map.)—This was
a consolidation in July, 1881, of tbe New York West Shore & Buffalo,
the Jersey City & Albany and the North River railroads. The line of
road is from Weehawken, N. J., to Athens, on the Hudson River (with
branch to Albany), and thence to Buffalo (425 miles), and connecting
with the road of the N. Y. Ontario & Western at Middletown, N. Y., by a
branch from Cornwall on the Hudson, total length 472 miles.
The
company also has a contract with the N. Y. Susquehanna & Western RR.
to run its cars from Little Ferry, N. J., over the tracks of that road to the
Pennsylvania RR. Depot in Jersey. City. At the western terminus
reaches Suspension Bridge and International Bridge over the N. Y. Lake
Erie & Western tracks.
The N. Y. Ontario & Western built from Weehawken to Cornwall and
from Cornwall to Middletown for tbe N. Y. West Shore & Buffalo, in
consideration of receiving $10,000,0o0 mortgage bonds and $2,000,600
stock of the N. Y. West Shore & Buffalo. Then the N. Y. Ontario &
Western leases from the N.Y. West Shore & Buffalo the piece of road from
Middletown to Cornwall, and from Cornwall to Weehawken, for 99
(See modified terms under New York Ontario & Western.) Tills
subject to the right of the N. Y. West Shore & Buffalo to run
over the road from Cornwall to Weehawken, accounting to the N. Y.
O. & W. for its pro rata share of the earnings. From Cornwall to Buf¬
years.
lease is
falo the North River Construction Company was the builder.
The terminal property on the Hudson River at Weehawken embraces a
water front of 6,790 feet; it is owned by a company entitled
The
West Shore & Ontario Terminal Co.,” and it is leased jointly and separ¬
companies, and one-ha f its stock is held by each
bonds ($12,000,000)
are guaranteed, principal and interest, by both of the railroad companies.
stock
is
The
$40,000,000 andlst mortgage bonds $50,000,000, the U.
S. Trust Co. of New York beiug trustee. These bonds cover the road
and equipment, but not tbe Weehawken terminal property.
On January 12, 1884. Mr. Asbbel Green was appointed receiver of the
North River Construction Co.
His financial statement was made in
April (see Chronicle, V. 38. p. 456), giving assets of the Construction
Co, including a majority ($20,035 500) of West Shore stock
The cou¬
pons of July 1. 1884,on the 1st m<»rt. N. Y. W. S. & B. bonds were not
paid. Foreclosure proceedings are pending. On June 7. 1884, Theo.
Houston and Horace Russell were appointed receivers. The income
ately to the two railroad
company
(the total stock beiug $5,700,000), and tbe
bonds have been issmdiu part otey. or pledged as collateral.
The statement of earnings for the year ending Sept. 30,
$2,979,331 gross; operating exyeuses, $3,661,294;
terminal rente, $416,678 additional, also the interest charge.
1884, gave
deficit, $684,963;
—(V. 38. p. 30, 69, 61,115,
118, 178, 203. 230, 262, 3o9, 456, 509,
540, 572. 595, 706, 761; V. 39, p. 71, 96,149, 182, 265, 382, 522, 682 ;
V 40, p; 27. 93, 2 82.)
New York AVoodliaven Sc Rockaway,-Owns from Glendale
Junction, L. I., to Rockaway Beach, 11 miles; leased—Glendale to
Long Island City, 6 miles; total operated, 17 miles. The stock is
A readjustment of
#1,000.000. Income bonus, 6 per cent. $1,000,600
tbe finances took place in 1882, and tbe new $600,000 first mortgage
RAILROAD
64
Subscribers will confer
a
Miles
of
Date
of
Road. Bonds
Ac., see notes
Vai^s
1884
1868
1866
1866
1866
1854
1865
Norfolk <6 Western— (Continued)—Car trust
Convertible debentures (red’ble on 30 days’ notice)
Norfolk A Petersburg—2d mort
South Side—1st pref. consol, mort. (6s.
do
2d
do
guar.
do
3d
do
.
do
4th mortgage
North Carolina—Stock,
Preferred stock
.
-
81
133
133
133
214
214
223
223
223
76
88
56
ext.in ’85)
Petersb’rg
Virginia & Tenu.— Enlarged mort (extend’d in ’84)
do
common
Mortgage bonds
North Pacific Coasts- 1st and 2d mortgages
North Pennsylvania—Stock, guar
2a mortgage
General mortgage bonds
Bonds secured by $1,200,000 stock
Northeastern {S. C.)—Stock
let mortgage
2d mortgage
Consol, mort., gold (for $1,836,000)
Northern (Gal.)—l*t mortgage ($6,300,000), gold.
San Pablo & Tulare-1st mort. ($3,750,000)
Northern Central—Stock
let mortgage, State (Maryland) loan
2d mortgage, coupon, sinking fund
3d mortgage, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
Consol, general mort., gold, s. f., coup., $ or £ —
2d general mort., “A,” coupon (sinking fund) —i
do
“B,” coupon (convertible)
Union RR., 1st mortgage
do
2d mortgage, gold
....
1,000
1,000
200 Ac,
200 Ac.
488,300
1,000
1,000
990,000
[Vol. XL.
102
....
149
47
322
138
138
138
138
138
138
138
138
....
50
500
500
....
....
1865
1868
1868
Vars.
1876
1876
•
....
....
....
2
7
7
3
6
8
8
6 g.
6 g6
4
6
6
6
3,964,000
1,023,000
6,500,000
1,500,000
1,490,000
50
....
6
677,000
1,000
1856
3
3
8
322.000
1,000
1,000
....
8
210,000
....
1869
1869
1883
1877
1878
6
6
5
1,100,000
4,399,750
1,500,000
4,169,500
1,200,000
899,350
820,000
....
1881
8 A 6
1,000,000
3,000,000
1,000,000
500 Ac.
500 Ac.
1,126,000
2.599,000
205,000
4,492,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
500 Ac.
2,841,000
6 g.
6 g.
6 g.
5
1,000,000
5
900,000
6
6
600,000
When
Payable
g.
J.
J.
J.
J.
J.
J.
J.
M.
M.
M.
M.
and
The Atlantic Mississippi & Ohio RR. Co. was a consolidation of Nor¬
folk & Petersburg, South Side and the Virginia A Tennessee roads, in all
of which the State of Virginia had an interest for loans made to them.
Default on the Atlantic Mississippi A Ohio consolidated bonds was made
October 1,1873, and the road was sold in foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk & Western. In January, 1883,
common stock was increased by $4,000,000 to exchange for Shenan¬
doah Valley RR. stock, and a close working contract was made w1th
that Co. Of the general mortgage, $5,3 37,000 is reserved to take up
f rior
liens.
The dividends
preferred
were
in 1883
pay
off floating
debt. on
The
interest stock
charge
on suspended
debt in 1883
was
o
about $780,635, In 1883 the improvement and extension loan was
authorized for $5,000,000 (with the right to issue $3,o00,000 more for
second or double track), of which $2,500,000 was to be issued for con¬
struction and equipment. In Jan.. 1884, the convertible debenture bonds
were issued for taking up the scrip of about $525,Ot 0 issued for dividend
In Oct., 1884. the adjustment mortgage for $1,500,000
issued to fund floating debt, and is redeemable after 1894 at J10.
The annual report for 188*3, in V. 38, p. 385, had the following:
No cash dividends were paid during the year 1883. ** Your directors,
believing that, so long as it was considered advisable to use the surplus
was
earnings of the company for the purpose of bettering its property or
increasing i! s facilities for doing business, the preferred shareholders
are entitled to scrip dividends representing the amount which has been
so appli d, and which would otherwise be applicable to cash dividends,
at a meeting held Dec. 26, declared a scrip dividend of 3^ per cent,
payable Jan. 15,1884, on the $15,000,000 of preferred shares then out¬
standing. The scrip, w hen presented to the company in sums of $500,
is exchangeable into convertible debenture bonds, payable in 1894,
bearing six per cent interest, payable semi-annually. The surplus to the
credit of income account amounted Dec. 31, 1883, to $864,193, of which
the sum of $492,410 had been earned during the year 1983. After
charging off this dividend, amounting to $525,000, the balance remain¬
Stocks—hast,
Dividend.
New York A Phila.
A
A
A
A
A
A
A
A
A
J.
J.
J.
J.
J.
S.
S.
N.
N.
do
do
do
do
do
Various.
do
do
Q.-F.
A
A
A
A
A
A
S.
S.
J.
J.
O.
J.
Q.—J.
J. A J.
A. A O.
J. A J.
A. A O.
J. A J.
do
do
do
do
do
1890 and 1900
1890 and 1900
Jan.1,’96-1900
July 1, 1900
Moll. 1, 1900
Company Shops, N. C.
March, 1885
March, 1885
do
do
Nov., 1888
Nov. 1, 1901
Nov. 25, 1884
Philadelphia Office.
M. A N.
I. A J.
M. A S.
M.
M.
J.
I.
A.
J.
pal,When Due
Jan. 15, 1894
Philadelphia Office.
A J. N. Y. and Philadelphia. July 1, 1893
do
do
do
do
May 1, 1896
do
do
1903
Sept. 1, 1905
April 10,1883
Sept. 1, 1899
Sept. 1. 1899
Charleston, Office.
do
do
N.Y., Jesup, Paton A Co. Jan. 1‘, 1933
Central Pacific RR.
Jan. 1,1907
do
do
April 1, 1908
Baltimore A Philadel.
Jau. 15,1885
Irredeemable.
Annapolis.
Baltimore.
July 1, 1885
Baltimore A Philadel.
April l, 1900
Baltimore.
July 1, 1900
•do
July 1, 1900
.
London A Baltimore.
J. A J
Baltimore.
J. A J.
J. A J.
M. A N.
do
Baltimore.
London A Baltimore.
July 1, 1904
Jan. 1, 1926
Jan. 1, 1926
,
and -(V. 38. p.148. 262, 385, 388, 541, 647; V. 39,
In I 265, 382, 461, 493, 654; V. 40, p. 28,152.)
Branch, 60 miles.
Bonds—Princi
Where Payable, and by
Whom.
M’ntlily
A j.
6
8
452.800
100
100
500
....
Rate per
Cent.
525,000
496,000
603,000
50
500 Ac.
....
102
•
$1,632,479
500
’67-’68
1881
140
•
$....
....
....
.
Outstanding
....
....
Amount
Par
Value.
rentals, $75,569.
Niagara Bridge Sc Canandaigua.—Owns from Canandaigua to
Suspension Bridge, N. Y., and branch, 100 miles. The road is leased in
perpetuity to the New York Central A Hudson at $60,000 per annum,
witq right of lessee to commute by payment of a gross sum of $1,000,000.
Norfolk Sc Southern.—Formerly the Elizabeth City A Norfolk.
Name changed Feb. 1,1883. Owns from Norfolk, Va., to Edenton, N
C., 73 miles. Capital stock, $1,000,000.
Norfolk Sc Western.—(See Map ) — Owns from Norfolk, Va.,to Pe¬
tersburg, Va., 81 miles; Petersbi.iar,' va-.. to Lynchburg, Va. 123 nrileis,
Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’gto City Point,
Va., 10 miles; Junction to Saltville, Va., 10 miles; New River Division,
75 miles. Total operated, 503 miles. Under construction, Cripple Creek
pref. stock.
BONDS*
INTEREST OR DIVIDENDS.
Size, or
was issued, of which $205,000 is reserved to pay off a car trust;
the $1,000,000 incomes wore issued for the old mortgage bonds.
1882-3 gross earnings were $148,614; net, $77,748; interest
on
AND
great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings,
on first page of tables.
STOCKS
p.
1900
22, 72, 109, 128,
North Carolina.—Owns from Goldsboro to Charlotte, N. C., 223 m*
The property was leased Sept.
Railroad for 30 years at a rental
er cent are paid on the stock, of
11, 1871, to tue Richmond A Danville
of $260,000 per year. Dividends of 6
which the State of North Carolina holds
3,000,000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina RR. Earnings in 1882-83, $860,i.10; net. $243,537; rental, $260,01)0; loss to lessee. $16,642.
North Pacific Coast.—Owns from Saucelito to Moscow Mills, Cal.,
branch to San Rafael, 2 miles; leased., San Rafael to San
74 miles
Quentin. 4 m ; total operated, 80 m. Stock, $2,500,000. Earnings in
1883, $382,960; net, $64,739. Gross in 1882, $358,199; net, $67,418.
North Pennsylvania.—Owns from Philadelphia, Pa., to Bethle¬
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lansdale to Doylestown, 10 miles; Iron Hill to Sliimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. In May, 1879, was leased to Phila. & Reading
at o'a)7 p. c. on stock till 1883, and 8 per cent thereafter.—(V. 38, p. 447.
V. 39, p. 96.)
Northeastern (S. C.)—Owns from Charleston, S. C., to Florenoe
S. C., 102 miles. Leased jointly, Lane, 8. C., to Sumter, S. C., 38 miles
Total operated, 140 miles. This company has earned the interest on i ts
bonds, with a good surplus. In Nov., 1882, the above consol, mortgage
was authorized, of which $1,142,000 to be held to retire debts of prior
lien, and $694,000 issued for betterments, equipment, Ac. In 1880-81
gross earnings were $484,760; net, $137,864; in 1881-2, gross, $560,229:
net, $182,118; in 1882-83, gross, $618,747; net, $184,824.
„
Northern California.—Owns from West Oakland to Martinez. 31
miles; Benicia to Suisun, 16 miles; Woodland to Tehama, 101 miles;
leased, San Pablo A Tulare RR.—Martinez to Tracy City, 47 miles;
•total operated, 195 miles. Completed in 1878 and is leased to the
Central Pacific till Jan. 1,1885, at a rental of $47,500 per month for
Northern and Shn Pablo AT.
In 1882, rental, $590,617; expenses,
$178,577; profit, $412,038. Rental in 1883, $o33,000: expenses.
$186,026; net, $446,974. In 1881 8 per cent dividend paid; in 1882,
1%; in 1883, 3*2.
The Northern stock is $6,190,500—authorized,
$8,400,000, and San P. AT. stock, $1,861,000. W. Y. Huntington,
President. San Francisco.
Northern Central.—Owns from Baltimore, Md., to Simhury, Pa.,
139 miles; branch—Relay to Green Spring, 9 miles; leased—ShamoMn
Valley A Pcitsville RR., 28 miles; Elmira & Williamsport Railroad, 78
miles; operated at cost—Chemung Railroad, 22 miles; Elmira Jefferson
& Canandaigua RR., 47 miles—315 miles; track of New York Lake Erie A
Western used 7 miles; total operated, 323 miles. This was a consolida¬
tion or several roads in Jan., 1855. The terms of the several leases will
be found under the names of the leased roads. In February, 1882, pur¬
chased at par the stock of Union Railroad in Baltimore, $600,000,
practically making that road a part of the Northern Central property,
ing to the credit of income account is $339,193.”
subject to its mortgages. The consolidated general mortgage (gold) of
For 1884 gross earnings were $2,711,104, against $2,812,776 in
1874 was for $10,000,000 to retire all prior bonds. Of the above bonds
1883; net, $1,194,246, against $1,303,203.
$2,505,000 are dollar or sterling, interest payable in London or Balti
The
'
earnings and expenses for three years past were:
and the balance are dollar bonds, interest in Baltimore. Under
the 2d gen. mort. of 1876 $1,000,000 more may be issued as Series C.
The bonds due July 1,1*485, may he extended at 4^ per cent, or will
more,
OPERATIONS AND FISCAL RESULTS.
1881.
1882.
1883.
215,904
263,347
307,927
13,074,204 14,915,267 16,285,288
609,727
538,102
797,255
120,554,453 133,231,218 155,521,709
$
$
$
452,240
485,805
1,847,958
2,181,711
129,542
145,260
Operations—
Passengers carried
Passenger mileage
Freight (tons) moved
Freight (tons) mileage
Eai nings—
Passenger
Freight
Mail, express, &c
Total gross
2,267,280
earnings
Operating Expenses—
Maintenance of way, Ac
Maintenance of equipment
-■
$
Motive power
Transportation expenses
General
Total (including taxes)
1,163,233
Netearnings
per ct. of operating exp. to earn’s.
1,104,056
51*3
2,429,740
$
be paid off.
The business
of the company depends to a considerable extent on
coal traffic.
The fiscal year ends December 31, and the report for
1884 was in the Chronicle, Y. 40, p.,239.
Income account for four years was as follows:
INCOME ACCOUNT.
1881.
Receipts—
Net earnings
Interest & divid’ds..
Other receipts
2,812,776
$
322,068
101,700
402,480
387,558
108,770
314,247
122,077
447,563
500,550
125,137
1,322,576
1,107,164
1,509,574
1,303,202
54*4
53*7
Total income
Disbursements—
Rentals l’s’d lines, Ac*
Interest on debt
Dividends
Rate of dividend
Miscellaneous
Balt. A Potomac int.
INCOME ACCOUNT.
Receipts—
Netearnings..
Other receipts
Total income
Disbursem cuts—
Interest
The accumulated
.1883.
$
1,107,163
$
1,303,202
1,170,552
729,359
810,792
600,000
525,000
1,329,350
1,335,792
def. 158,807 *def.32,590
-
surplus Deo. 31,1882, was $371,783; deducting
the deficit for 1883 leaves net surplus December
1,303,202
31,1883, $339,194.
3,656,254
151,570
109,630
1882.
$
1,957,852
203,156
80,812
1883.
^
4,929
^
2,053,482
256,362
7.467
2,503,368
2,317,311
$
557,313
$
461,761
935,014
520,000
2,256,525
241,914
1,917.454
$
2,241,820
472,093
895,730
350,517
477,256
880,875
881,180
444,272
520,000
6
7
54,218
37,177
$
154,270
1884.
8
41,130
8
46,511
Tot.
,
63,389
Dividends
Total disbursements
Balance
*
1882.
$
disbursements
1,809,935
1,956,673
1,963,286
1,999,623
Balance, surplus...
107,519
285,147
503,745
354,025
* Includes rent of roads and interest on equipment.
-(V. 38, p. 30, 115, 228, 267, 388, 509, 647, 764; V. 39, p. 96,234.
349, 461,606, 734; Y. 40, p. 93,120, 230, 241.)
Northern. New Hampshire.—Owns from Concord, N. H., to West
Lebanon, N. H., 70 miles; branch, Franklin, N. H., to Bristol, N. H., 13
miles; total, 83 miles. In 1882-3. gross earnings were $583,627; net,
$167,550. In 1883-4, gross, $571,729; net, $171,602. The only liabili¬
ties are a guaranty of $500,000 Concord & Claremont Railroad bonds, of
which the Northern RR. owns $200,500. (V. 38, p. 705, 731; V. 39,
p.
71.; V. 40.
p.
152)
w; jjjHtyfeiiGc
WT
February,
explanation of column headings, Ac., see notes
first page of
tables.
Miles Date Size, or
of
of
Par]
Road. Bonds Value.
Northern. N. H.—Stock
Northern of New Jersey—Stock
1st mortgage, extended
2d mortgage
100
100 Ac.
100 Ac.
100
100
100 Ac.
New bonds, coupon
..
Income
do
66
66
122
118
118
bonds, not cumulative
....
Ohio Central—1st mortgage gold
Income bonds (non-cumulative)
Terminal mortgage bonds
1st moil;., Mineral Div
1st mort., Riv. Div., gold, coup, or reg
1878
1869
•
•
^
*
■
*
*
-
1879
1879
1881
1883
1883
1883
1,000Ac
1,000Ac
1877
1,000
*79
Qgdensburg <£ Lake Champlain—Stock
Sinking fund bonds
Mortgage bonds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)
:
200
200
200
26
gold, incomes
Car trust certificates, No. 1
do
No. 2
do
No. 3
Ohio & Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)
1st general mortgage (for $16,000,000)
Income and funded debt bonds (extended, ’82)...
•
$3,068,400
$100
....
gold
Outstanding
83
209
Mortgage and land gr. bonds, Pend d’Oreille Div.
Cons.'1st M. Id. g., gold, $25,000 p. in., cp. or reg. 1,975
All
do
*
2d mort., gold, coupon and registered
Dividend certificates
Northern. Pac. Terminal Co.—1st mort.,
Northwestern Ohio—Stock
Norwich A Worcester—Stock
Amount
26
21
21
Northern Pacific—Pref. stock(8 p. o., not cum’tive). 2,365
2,365
Common stock
205
Mortgage and land grant bonds, Missouri Div....
,
65
BONDS.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
AND
giving immediate notice of any error discovered in these Tables.
Subscribers will confer a great favor by
For
STOCKS
RAILROAD
1885.J
•
•
•
m
•
m
m
m
m
m
m
1,000
100
•
•
•
100
•
1870
1877
1880
1880
1880
1880
1880
1881
1882
1882
1880
1882
....
Northern of New Jersey.—Owns from Bergen,
1882
1862
600,000
1,514,150
999,750
3,000,000
3,000,000
1,000
1,000
1,000
1,000
1,000
1,000
m
m
m
m
m
m
600,000
300,000
5,316,000
4,000,000
320,000
600,000
1,200000
*
100
624
148
380,000
1,000
1,000
N. J., to Spar-
miles; total oper¬
1859. By contract
of April, 1869, it is operated by New York Lake Erie A Western at 35 per
centofits gross earnings. It is understood the contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
kill, N. Y , 21 miles; leased Sparkill to Nyack, 5
ated, 26 miles. This road was opened October 1,
20,000,000
4.030,000
3,000,000
174.000
7
Whom.
•
•
•
N.Y., Mills Building.
N.Y.,
Mills
do
do
do
do
Budding,
do
do
do
do
•
N.Y., Winslow, L. A Co.
Stocks—Last
Dividend.
Deo. 1, 1884
Jan. 15, 1885
July. 1888
March. 1889
Jan. 15, 1883
Dec. 1, 1933
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921
Deo. 1,1933
Jan. 1, 1888
Jan. 1, 1933
Boston, 2d National Bk. Jan. 10, 1885
Boston, N. E. Trust Co. March 1, 1897
Boston, Office.
July 10 ,1876
do
M. A S.
Mar., 1890
6
g-
J.
A.
A.
J.
A
A
A
A
^
g.
g.
g-
34j
5
pal,When Due.
Payable, and by
J. A D. Bost.,Conc’dor Leban’n
New York Office.
J. A J.
J. A J. J. City, Hudson Co. B’k.
do
do
M. A S.
3
2
6
7
8
6
6
3 A
6
7
6
6
6
6
8
10
10
Where
Payable
•
500 Ac.
100 Ac.
m
Cent.
When
200,000
39,255,564 lUiocert
49,00o,000
M. A N.
6
2,260,400
M. A S.
6
3,240,000
6 gJ. A J.
43,841,700
6 g- A. A 0.
19,007,000
6
Jan’y.
4,640,821
6 g- J. A J.
3,000,000
2,000,000
5
J. A J.
2,604,400
M. A 8.
6
400,000
2
J. A J.
3,077,000
1,000
1,000
ioo
616
1,000,000
200,000
Rate per
J.
O.
O.
3.
1897
do
do
do
April 1,1920
Toledo, 0., Receiver.
do
do
do
do
do
.
J. A J.
J. <fc J.
M. A 8.
do
do
do
do
do
M. A S.
M. A S.
1, 1920
July 1, 1920
July 1, 1921
March, 1922
Mar 1,1922
$10,000 p. yr.
10 p. c. yearly.
10 p. c. yearly
....
M. A 8.
J. A D.
A. A O.
April, 1920
1, 1920
Jan.
Jan.
N. Y., 31
do
do
Pine Street.
do
do
Mar. 1, 1875
Juue 1, 1932
Oct. 1, 1883
Operations and Financial Condition.—The fiscal year ends June
30. The annual report for 188)3-84 was published in V. 39, p 322, to
which reference should be made for a statement of the progress of the
company’s work during that year and its general condition. To pay the
doating debt and complete the work, the directors issued the second
mortgage bonds October, 1883.
Gross earnings from July 1 to Dec. 31, six months, in 1884, were
$6,627,719, against $6,617,990 in 1883; net, $3,359,569. against
$2,921,276. See statement for the six months, including earnings, land
sales, Ac., analyzed, in V. 40, p. 161, 183.
The annual report in Chronicle, V. 39, p. 322, had the following state
ment of earnings :
(Y. 39, p. 48.)
Map.)—Line of Road—On June 30. 1884
follows: Northern Paoiflc Junction, Wis.,
to Wallula Juuction, Oregon, 1,651 miles; Duluth to Northern Pacific
Junction, 23 miles; Northern Pacific Juuction to Superior City, 23'5
miles; Superior City to east end of track, 26-5 miles; Portland to Colum¬
1883-84.
1832-83.
1881-82.
1880-81.
bia River, opposite Kalama, 36 miles; Kalama to Tacoma. 105 miles;
$
$
$
$
Earnings —
Tacoma to South Prairie, 25 miles; Columbia River up Yakima Valley,
4.237,259
2,099,746
668,621
1,302,261
Passenger
25 miles; Payallup Junction to Stuck Junction, 7 miles; South Prairie
7,86 i,367
3.9)9,423
5,4>9,03l
2,207,299
to Carbonado and Wilkesou and Coal Fields, 9 miles; total owned, 1,931
500,949
346,632
218,621
118,599
Mail, express, Ac..,
miles. Leased—Brainerd to Minneapolis, 127 miles: Minneapolis to 8t.
Paul, 11 miles; Little Falls & DakotaRR.. 88 miles; Northern Pacific Fer¬
7.8'>5,459 12,603,575
5,430,315
2,994,519
7,590,155
gus & Black Hills RR.,117 miles; Fargo & Southwestern RR., 87 miles; San
5,336,930
3,572,839
2,025,389
Operat. expenses.
Coop. & Turtle Mount RR..36 miles; Jamestown & Northern RR., 64 miles;
Sykestown Branch RR., 13 miles; Rocky Mount RR. of Montana, 52 miles;
$969,130 $1,857,466 $2,516,529 $5,013,420
Helena & Jefferson Co. RR., 20 miles; total leased, 616 miles; total owned P.c.of
60-22
67-93
6v80
67-64
op. ex to earn’s
and leased. 2,547 miles. The road from Thompson Junction, Minn., to
The
income
account
for
year
as
ending
Juue
30,
1884,
was
follows;
Duluth is owned jointly with the St. Paul A Duluth. Grading 60 miles
Total net income...,
$5,504,693
of the Cascade Division to Yakima in progress.
Disbursements—
Organization.—This company was chartered by act of Congress July
Interest on funded debt
$3,535,038
2,1864, to build from Lake Superior to Puget Sound and Portland, Or.
412,401
The land grant was 20 sections per mile in States and 40 sections in Rentals
3.931
Territories. The road was opened 450 miles west from Duluth—to Bis¬ Contributions to sinking fund
318,284
marck, on the Missouri River-in 1873. The company defaulted Jan., Balance general interest acoount
179,381
1874, and the road was foreclosed August 12,1875, and reorganized by Opening celebration
the bondholders’ committee Sept. 29, 1875. To the bondholders new
Total
$4,449,035
preferred stock was issued at the rate of $1,400 for each $1,000 bond
Balance, surplus
$1,055,658
and overdue interest.
Stocks and Bonds.—The preferred stock was issued to old first mort¬
—(V. 38, p. 61, 88, 115, 203, 332, 509, 607, 620, 647, 679, 707, 731, 764;
gage (7-30) bondholders for their bonds and overdue interest, and has a V. 39, p. 3. 11, 22, 48, 62. 182, 227, 297, 309, 322, 324, 338, 349, 393,
Preference
he common
forstock
8 perthen takes 8 per
yearcent, and after that both share alike. 410, 493, 617, 654. 727; V. 40, p. 28, 152, 164, 183.)
The preferred stock claim on net income is only subject to expendit ires
Northern Pacific Terminal Co.—This company owns terminal
for new equipment.
The preferred stock is received in payment facilities which are leased for fifty years to the Northern Pacific RR.,
for the company’s lands east of the Missouri River at par. These lands the Oregon Railway & Navigation Co. and the Oregon & California RR..
unsold June 3o, 1884, were about 4,079,955 acres, and the proceeds of with a guaranteed rental sufficient to pay interest, sinking fund and
The sinking fund begins in 1893 and is to be sufficient to retire
the lands when sold for money or on time also go to the retirement of taxes.
the bonds bv maturity. The stock of $3,000,000 is owned by said three
preferred stock.
A large interest in the stock, (151,300 shares of preferred and 162,792 companies (40 per cent by Oregon Railway & Navigation Co.. 40 per
cent by Northern Pacific and 20 per cent by Oregon A California RR.),
of common), on June 30,1883, was held by the “ Oregon & Trans-Conti
and held by Central Trust Co. of New York, to be delivered after pay¬
nental Co.”
In Sept., 1882, a dividend, in certificates of llho per cent, amounting ments to the sinking fund which is to cancel the bonds.
to $4,667,490, was declared on the pref. stock payable Jan. 15, 1883.
Northwestern Ohio.—Owns from Toledo Junction to Toledo, O.,
Prices of preferred stock since 1879 have been: In 1880, 3938/a>671a;
In 1881, 641«®881e; in 1882, 66^^10030; in 1883,493i®905s; in 1884, 80 miles, and leases 7 miles, from Mansfield to Toledo Junction. This
was a consolidation of the Toledo Tiffin & Eastern, the Mansfield Cold3714@5758; in 1885, to Feb. 20, 3612®42^:. Common stock: In 1880,
water A Lake Michigan and the Toledo & Woodville roads. Leased to
20-2*36; in 1881, 32*2>51; in 1882. 28^2>543s; in 1883, 23*8253ie; in
Pennsylvania Company, at cost of operating. In 1883 gross earnings
1884,14rf)27; in 1*85, to Feb. 20, 15@18is.
The consol, first mortgage bonds are a first lien on the main line; and $282,304; deficit, $49,749. In 1884 gross, $266,278; net, $26,108on all the lands of the company except those subject to the two divisional
Norwich Sc Worcester.—Owns from Norwich, Conn., to Wor¬
mortgages and those lands east of the Missouri River which are subject to cester, Mass., 59 miles; branch: Norwich to Allyn’s Point, 7 miles;
the preferred stock. The issue of bonds is limited to $25,000 per mile. total, 66 miles. Operated under temporary lease by N. Y. A New Eng¬
The proceeds of land sales can be applied to the payment of interest on land Railroad. In February, 1885, it was voted to reduce the rental
bonds, instead of principal, if the earnings of the road are insufficient. to 8 per cent. In the fiscal year ending Sept. 30.1884, the gross receipts
Central Trust Co. of N. Y. is trustee. The bonds are received in pay¬ were $761,900; net, $297,513; payments for rentals, $38,175; interest,
ment for lands at 110 and interest, and proceeds of land sold must be
$24,678; dividends (10 per cent), $259,780; deficit, $25,119. (YoL40,
applied to redemption of these bonds at a price not exceeding 110 and P. 241.)
interest. Sinking fund of one per cent per annum begins in 1886. The
total issue of the Missouri Division and Pend d’Oreille Division bonds
Ogdensbnrg Sc Lake Champlain.—Owns from Rouse’s Point,
was
$6,480,300, agaiust which are reserved a like amount of the N. Y., to Ogdensburg, N. Y., 122 miles. The annual report for yetr
Northern Pacific first mortgage bonds.
ending March 31 was in V. 39, p. 348. Gross earnings, $623,377; net,
In October, 1883, the second mortgage was authorized for $20,000,- $204,551. In 1882-83 gross earnings were $642,196; net, $191,438.
000, of which $15,000,000 were taken oy a syndicate at about 82^ net -(V. 38, p. 739; V. 39, p. 348 ; V. 40, p. 61, 183.)
to the company.
Ohio Central.—The road extends from Toledo, Ohio, to the Ohio
Lafd8.—'The land grant of the company was 12,800 acres per mile in
River at a place opposite to Point Pleasant, 257 miles (including in this
states and 25,600 acres per mile in territories, and the lands earned by
16 miles of track used under rental) and from Point P leasant to Charles¬
construction to June 30, 1884, were estimated to be about 41,600,000
acres, of which about 36.500,000 remained unsold and were approxi¬ ton, West Va., 58 miles, with branches from Hadley Junction, Ohio, to
Alum Creek, 24 miles; Mineral Division, South Shawnee to Corning, 20
mately classified as follows: Agriculture and timber lands, 12,000,000
miles; and Switch to Buckingham, 11 miles; total line, 375 miles.
acres; grazing lands. 13,000.000 acres; mountain lands. 11,500,000
$100—and in January, 1881, the comacres.
The lands east of Bismarck (Minn, and Dak. Divs.) are pledged to
or improvements, Ac., and to buy the
the preferred stock, and that stock is received in payment therefor: The
and further increased it to $22,<
general mortgage bonds cover all the other lands, the divisional mort¬ 000 in 1882 and 1883. In January, 1882, consolidation was made
gages having prior liens on their respective divisions. The following the Atlantio A Northwestern of Va. A consolidation with the I
shows in detail the sales of land for the fiscal years ending June 30,
mond A Alleghany in Virginia was proposed, hut failed.
1883 and 1884:
On September 1st, 1883, default was made on the interest of the River
-Yr. end’g J une 30/84.—
-Yr. end’g Jupe 30,’83.
Div. mort. bonds, and January 1 default on the i st mort. bonds, add
Acres. Amount.
Divisions.
Acres.
Amount.
221,912
$1,095,890 receivers were appointed. A plan of reorganization proposed Sept,
Minnesota ADakota417,388
$1,700,517
46,483
148,058 1884, was in V. 30, p. 297, and another plan proposed in opposition was
Missouri
13 0,033
324.420
<n V. 39, p. 461.
Decree of sale was made in Dee., 1884. an l the main
Yellowstone
6,567
24,625
107*355
467,337 line, Toledo to Corning, and Columbus Br., are to he sold April 15,1885.
Montana and Pacific 60,885
278,682
Gross earnings for year ending June 30,1883, were #1,077,114; net
472,756
102,366
Pend d’Oreille....... 166,360
733,614
$349,785. (V. 38, p. 30, 61, 114, 350; V. 39, p. 297,435,461,493
Total
761,236
$3,061,860
478,116
$2,184,041 581, 654, 707; V. 40, p. 183, 208, 241.)
Gross
receipts in 1884, $297,208; net, $42,022.
Northern Pacific.—(See
the mileage was mad« up as
cent in each
if earned, but is not cumulative.
~'
‘
,,
66
RAILOD
STOCKS
AND
BONDS.
[Vol.
lx.
February,
RAILROAD
1885.J
Subscribers will confer a great favor
on
first page
headings, &o., see notes
of tables.
Ohio dk Mi88is8ippi—( Continued)—
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling
2d consolidated sinking fund mortgage
82 1
IstM. (for $3,000,000).
Ohio Southern—1st mort. ($15,000 per mile)
2d mort., income ($15,000 per mile)
Old Colony—Stock
Spring. Div. (Sp.&Ill. SE.)
Bonds (not mortgage) coupon and registered
do
do
Bonds
do
do
do
do
Bonds
Bonds
do
do
do
Bonds
do
do
do
Bonds for Framingham & Lowell bonds
gold
Convertible bonds
•
•
•
m
-
m.
m
•
•
•
•
m
m
m
■m
43
58
120
451
451
....
.'
Oregondk Trans-Continental—St’ck(for $50,000,000)
Trust bonds, gold (IstM. collateral) $20,000 p.m..
guaranteed
393
393
393
222
132
132
468
-
Oregon ShortL.—lst,gld.,int.gu.byU.P.($25,000p.m)
Income mortgage bonds
Date
Miles
Size, or
of
Par
of
Road. Bonds Value.
.....
Debenture gold loan, coupon
Oswego dk Rome—1st mortgage
by giving immediate notice of any error
..
Bonds of 1884
Boat. Clin. F.& N. B., mortgage bonds 1869-70...
do
bonds
do
bonds
do
mortgage bonds
Oregon dk California— 1st M., gold ($20,000 p.m.) ..
2d mortgage, $10,000 per mile.
Oregon Pacific—1st mort., land grant,
Oregon Railway dk Navigation—Stock
Mortgage bonds, gold
Scrip certificates
67
AND BONDS
discovered In tbese Tables.
Bonds—Prinoi]
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of column
STOCKS
611
....
....
28*2
112,000
$1,000
3,829,000
1,000
1,000
2,009,000
1,000
Rate per
Cent.
7
6 g.
7
7
6
6
100
2,100,000
2,100,000
10,442,800
1874
1,000
l|692,000
7
1875
1876
1877
1882
1884
1,000
1,000
500,000
1,100,000
6
6
1,000
2,000,000
6
1,000
1,000
127,000
4^2
4^2
1884
1,000
500,000
4
'69-’70
1874
1875
1880
1881
1883
500 &c.
1880
....
1.000
100
1879
1,000
1,000
1,000
1,000
1,000
1,000
....
....
1884
1,000
1,000
1882
1865
1866
1866
....
$6,688,000
£200
1881
....
....
Outstanding
$1,000
1868
1868
1871
1874
1881
1882
610
Amount
100
1,000
1,000
1,000
3*2
200.000
1*2
24,000,000
5.719,000
1,20'),000
5,000,000
14,800,000
40,000,000
9,553,000
350,000
200,000
107,000
6 g.
8
7 g.
6
Where
Payable, and by
Whom.
Payable
J. <fc J.
J. & J.
A. & O.
M. & N.
J. & D.
J. & D.
J. & J.
M. & S.
J. & D.
M. & S.
F. & A.
J. & D.
....
N. Y,
*
1^
6 g7
7
7
J.
J.
F.
J.
J.
A.
A.
&
&
&
&
<fc
&
&
Dividend.
1, 1898
1, 1898
April, 1911
N. Y., 31 Pine 8t.
Springfield, Ill., 1st N. B.
N.Y., Corbin Bank’gCo.
do
Boston, Office.
do
do
do
do
do
Nov. 1, 1905
June 1, 1921
June 1, 1921
Jan. 1, 1885
Maroh 1,1894
June 1,1895
Sept. 1, 1896
Aug. 1. 1897
Dee. 1, 1897
Boat;, Old Colony Otfioe.
do
do
do
J.
do
do
D.
do
do
A.
J. Boston, N. E. Trust Co.
.T. N.Y., London & Frankf.
do
do
O.
O. New York and London.
Q.-F.
J.
M.
A.
F.
Stocks—Last
Jan.
Jan.
31 Pine St.
London.
do
7
7
6
5
6 g.
7
6 g.
491,500
400,000
100,000
1,910,500
9,020,000
2,610,000
25,000 p.m.
When
pal,When Due.
N.Y., Farm. L. & Tr. Co.
do
do
do
do
& O.
New York or Boston.
& A. N. Y., 195 Broadway.
& J.
& N.
Q.-J.
1904
1904
1889 & ’90
July 1, 1894
Feb. 1,
.lan. 1,
July
1885
1910
1, 1921
April 1, 1933
Oct. 1, 1900
Feb. 2, 1885
July 1, 1909
1885-6
April 1,1887
Feb.
Oct.
M. & N. N.Y.,Farmers’L.<fe T.Co.
M. & N. N. Y., Farmers’ L.&T.Co.
F. & A. N. Y., Central Trust Co-
1, 1922
15, 1883
May 1, 1922
May, 1915
Feb., 1891
2866
1
from Cincinnati, Ohie, to East St, Ocean line between San Francisco and Portland, 670 miles ; Puget
branch. North Vernon to Jefferson¬ Bound lines, 275 m.; River lines, 363 m.; total of water lines, 1,308 miles.
The company pursued the policy of increasing its capital stock to raise
ville, Ind., 53 miles; total Ohio & Miss, line, 391 miles; the Springfield
money for improvements, and in a few years the amount was raised
Division, Beardstowh to Shawneetown, Ill., 225 miles; total operated, from
$6,000,000 to $24,000,000.
616 miles. The Eastern and Western divisions were sold in foreclosure
The managers purchased in February and March, 1881, a large
and the Ohio & Mississippi Co. formed by consolidation Nov. 21, 1867.
interest in the common and preferred stock of the Northern Pacific,
On Nov. 17, 1876. the company was nlaced in the hands of a receiver.
and the control of this company and of Northern Pacific was then
The receiver was diaclnrged in April, 1884. In December, 1884, the
transferred to the Oregon A Traus-Contineutal.
conflicting interests in the directory were harmonized, and a lease was
The annual report for the year ending Juno 30, 1884, was in the
reported to have been negotiated with the Balt. & Ohio RR. Co. on the
Chronicle, V. 39, p. 460. The income account was as follows:
basis stated in V. 39, p. 682.
1883-84.
1882-83.
1881-82.
1880-81.
The new general mortgage for $16,000,000 is
authorized under
the plan or reorganization, by which $12,784,000 was reserved
$
$
$
$
Receipts—
to exchange for old bonds as they mature; $2,216,000 used in Not earnings
2,393,450
2,335,439
2,394,046
1,666,861
301,444
paying overdue coupons and all other claims; and $999,695 expended Other receipts
95,167
180,725
241,499
for new equipment and terminal facilities. There are yet $97,000 of old
first mort.7s (reduced to 6s). Western Div., outstanding. The terms of
2,694,894
2,489,213
Total income
2,516,164
1,908,360
preference of the pret. stock state that the holder thereof shall be entitled
to receive from net earnings of the company 7 per cent per annum,
Disbursements—
and to have s loh interest paid in full for each and every year before any Rentals paid
145.429
354,180
112.760
440,160
payment of dividend upon the common stock.
444,743
444,270
Interest on debt....
399,733
The year ends Dec. 31. The annual election is held in October. No Dividends
1,800,000
1,584,000
638,000
1,296.000
report for 1883 was issued. For four years the income was as follows : Rate of dividend...
(7^)
(9)
(8)
(8)
79,855
79,230
Years.
Miles.
Gross Earnings. Net Earnings* Mis. and. sink fund.
13,600
67,173
615
$4,376,310
$1,256,709
1881
616
4,074,407
959,053
2,674,195
2,252,929
1,867,103
Total di8b’ment8.
1,104,906
616
1,061,663
4,225,499
20,699
226,284
803,454
649,061
980.321 Balance, surplus
616
4,250,150
Obio & Mississippi.—Owns
Louis, Ill.. 338 miles; Louisville
...
—(V. 38, p. 88, 115, 262,
435, 682. 707.)
295,350,379,456,480; V. 39, p. 265, 410,
Southern.—1The road will extend from Springfield, Ohio,
the Ohio River. Length of road completed and in
operation Dec., 1884; Springfield, Ohio, to Wellston, with extensions
and branches, 132 miles.
Stock (par $100), $3,840,000. Receipts,
1882 $359,283; net, $90,687; other
sources. $29,812; payments,
Oblo
to 6ome point on
iterest
for year,
Alfred
Presi¬
t120,084.
debt,
Gross$115,200;
in 1883, surplus
$364,091;
net, $599.
$117,106;
rental,
Sully,$1,014;
dent.
on
Old. Colony (Mass.) — Owns from Boston to Provincetown, Mass.
and lines to Kingston, Plymouth, Somerset Junction, New
Bedford, Lowell and Fitchburg, Mass., and to Newport, R. I.; total,
369 miles; numerous branches, 84 miles in all; leased—Fall River
Railroad, 12.miles; Dorcnester & Milton Railroad, 3 miles; total
120 miles
length of all lines, 468 miles. Fall River Railroad was leased April
1, 1882, for 99 years. In March, 1883, consolidation with the Boston
Clinton Fitchburg & New Bedford was made and an increase of stock to
$12,000,000 was voted. In May, 1884, the Lowell & Framingham was
absorbed on the terms given in V. 38, p. 540, and the 4*2 per cent bonds
of 1884 were issued. Operations for three years ending Sept. 30:
-(V. 38, p. 61. 178, 247, 359, 379, 572, 585, 731; V.
62, 209, 227, 382, 402, 450, 460, 482; V. 40, p. 152.)
39, p. 11,22, 48,
Oregon*Sliort'liine.—Road from Granger on the Union Pacific
(156 miles east of Ogden) to a junction with the railroad of the Oregon.
Railway & Navigation Co., at Huntington, Oregon, 540 miles, with Wood
River branch to Hally, 70 miles. Total about 610 miles. The connec¬
tion through was made in November, 1884. The contract between the
Oregon system and the Northern and Union Pacific for future traffic
is reported to be advantageous to the Union Pacific, since the busi¬
ness of Oregon is to be divided between the Northern and Union Pa¬
they deliver to the Oregon road. Built
One
$1,000 bond and $500 in stock sold to Union Pacific stockholders for
$1,000 cash. The stock is $25,000 per mile, of which Union Paciflo re¬
tains one-half. (V. 38, p. 62, 447, 572; V. 39, p. 209, 265, 349, 482.)
cific in proportion to the traffic
under Union Pacific control, and
interest on the bonds guaranteed.
Trans-Continental.—Company organized under the
June 27, 1881, aud received from the “Villard Pool’*
assignment of the stock of the Northern Pacific Railroad purchased
by it. The company’s object was to hold the stocks of the Oregon Rail
way & Navigation Co. and the Northern Pacific, and to construct con¬
necting roads. On November 1, 1884, this company held $14,529,Years.
Miles. Pass.Mile. Fr’glit Mile. Gris Earn. Net Earn. D.n.c# 200 O.'R. & N. stock; $9,075,000 Northern Pacific pref.. and $11,211,900 Northern Pacific common. In Jan., 1884. to provide for the set¬
1881-82
468 100,460,413 58.349.479 $4,126,258 $1,305,449 6^ tlement of the floating debt, the company announced a loan of $8,000,1882-83
468 104.989,238 57,915,789 4,249,179
1.228,441 7
000 for one year on the pledge of 91,500 shares of Northern Pacific pre¬
470116,745,901 57,899,872 4,191,872 1,296,503 7
1883-84
ferred, 91,5u0 shares of Northern Pacific common, and 91,50o shares
of Oregon Ry. & Nav. Co. stocks. At the end of the year a cash commis¬
-(V. 38, p. 480, 540, 595 ; V. 39, p. 520.) '
sion of 5 per cent was to be allowed. For the loan 1«3 notes of equal
California.—From
Oregon &
Portland, Or., to Ashland, 341 amounts were issued, and the holders of these notes were granted a
miles; Albany J unction to Lebanon, 12 miles; West Side Division, Port¬ privilege of
buying 45,750 shares of each of the stocks named at 25 for
land to Corvallis, 97 miles. Total finished, 451 miles; to be completed Northern Pacific
common, 50 for the preferred and 100 for Oregon
to a junction with Central Pacific at the California State line, the gap
Navigation, the proceeds to he applied in liquidation of the loan.
to be finished on this road being 28 miles, and on Cen. Pacific 97 miles.
(Ihe optiou was exercised prior to Nov. 1, 1884; on $1,275,000 North¬
The present Oregon <Sr California RR. is a reorganization of the original ern Pacific preferred.) The status of the company was given in the
Oregon & California, which company was in default after 1873. The President’s circular of Nov. 11.1884 (V. 39, p. 545). showing a floating
land grant is about 4,000,000 acres; bonds are receivable for lands. debt of
$10,635,500, and stockholders were then asked to subscribe for
Preferred stock is $12,000,000; common $7,000,000.
2.000 one year notes of $5,000 each, making $10 000,000, each not© to
On Dec. 22,1884, an important meeting of stockholders was held in be secured
by 70 shares of O. R. & N. stock, 40 N. Pacific pref. and 40
Portland, Oregon, to act on a proposition to lease the road to Central N. Pacific common. The option was also given to buy 35 of said shares
Pacific, and other matters (see V. 39, p. 654). and the result was that of O. R. & N. Co. at $100, 20 of N. P. pref. at 50 and 20 of N. P. com¬
all the propositions were substantially adepte i.
mon at 25, at any time before Nov. 1,1885.
This loan was to take up
In March, 1883, a lease was made with the Oregon Trans-Continental that made in Jauuary, 1884. aud it was afterward stated that all of ft
Co., and the O. & C. RK. leased to the O. T. Co. The latter became embar¬ was placed except about $2,500,000.
rassed and the lfcase was abrogated on the terms stated in V 39, p. 182.
Total authorized capital is $50,000,000.
The bonds are secured by
In January, 1885, default was made and receiver was appointed.
deposit in trust of first mortgage bonds on new branch railroads, at
Foreclosure suit under the mortgages was begun by the Farmers’ Loan
$20,000 per mile; also secured by traffic contracts with the Northern
& Trust Co., trustee. For year ending Maroh 31, 1883, gross receipts Pacific RR. Co.
guaranteeing (after lapse of two years) a minimum net
were $1,016,496; net, $288,117; land sales, $47,359.
(V. 38. p. 196, annual income of *1,400 per mile, being equal to 6 per cent per an¬
323, 764; V. 39, p. 128, lb2, 554, 654, 734; V. 40, p. 61, 92, 120, 152, num on $20,000 per mile of bonded indebtedness, and a sinking fund
183.)
charge of one per cent. In March, 1883, this company leased the Ore¬
Oregon Pacific.—Road in progress and 70 miles, from Corvallis to gon & California road od the terms mentioned in V. 36, p. 340, but
Yaquiua, on Yaquina Bay, completed in October, lt>84. Land grant, in 1884 the lease was annulled.
Quarterly dividends began in Jan., 1883, at 1*2 per cent, and ceased
over 900,000 acres, and covered by first mortgage. Stock is $30,000 per
mile. T. E. Hogg, President, Corva 11s. Oregon. N. Y. Office, 45 William after October, 1883. See article in V. 37, p. 331. <,V. 38, p. 30, 60, 61,
148, 285 ; V. 38, p. 480, 510, 541, 731, 764; V. 39, p. 11, 48, 128, 157,
Street. (Y. 38, p. 456; V. 39, p. 297, 707; V. 40, p. 183.)
209, 545, 654, 734; V. 40, p. 61).
Oregon Railway & Navigation.—Deo. 1,1884. railroads oper¬
Oswego Jc Rome.—Owns from Richland, N. Y., to Oswego, N. Y.
ated were as follows: Portland to Riparia, 301 miles; Bolles Junction to
29 miles. Road opened Jan. 1,1866. It is leased to the Rome Water*
Dayton, 13 miles; Wa.la Walla to Blue Mountain, 20 miles; town &
Ogdensburg RR. at 8 per cent on its stock ($225,000) and 7 per
Pendleton to Centreville, 17
miles; Palouse Junction to Colfax
89 miles; Umatilla to Huntington, 217 miles; total,
656 miles. cent on guar. bonds, pref. stock being represented by convertible bonds.
Oregon &
laws of Oregon on
an
Subscribers will confer a great
favor by giving "TTTTTT'
immediate
DESCRIPTION.
Miles Date Size, or
Par
of
of
Road. Bonds Value.
explanation of column headings, Ac., see notes
on first page of tables.
•r
Oswego dt Syracuse—Stock, 9 per cent guar....
Mortgage bonds
Consol, mortgage (guar. D. L. A W.)„
Construction mort.. guar. (for $1,000,000)
Owensboro dt NashviUe^1st mortgage, gold
Painesmlle dt Youngstouyn—1st mortgage
2d mortgage, income, convertible
Panama—Stock
General mortgage, sterling, (£1,000,000)
Sinking fund subsidy, gold
Paterson dt
Hudson—Stock
35
35
-
123
65
65
48
48
48
15
2,036
Pennsylvania—Stock
Gen. M.,;Ph. to Pitts., ooup., J. & J.; reg., A. A O.
State lien (pay ’ble in annual inst’lm’ts of $460,000)
Consol. M., coup. J. A D., A reg. Q.—M. (8. f. 1 p. c.)
Consol, mortgage, gold
Bonds, reg. (P.W. AB. stock
deposited as collat’l)
Collateral trust loan (coup., but may be reg.)...
Car Trust certs, (in series
Navy Yard bonds reg. (ex
571
1ioth yearly).,
In ’81)
1st mortgage,
guaranteed
Pennsylvania Schuylkill Valley—Stock
Oswego
A Syracuae.—Owns from
earnings,
1867
1880
54
47
254
400,000
1,000
438.000
500 Ac.
500 Ac.
100
£200
1,000,000
3.889.000
50
2,804,000
630,000
94,777,850
1870
1,000
19.999.760
1873
1879
1881
1883
1.000
27.760,890
3
6
5
6
1,000
5,000,000
5
9,143.000
3,000,000
8,155,000
1,000,000
20,000,000
2,570,000
12,269,000
1,500,000
1,500,000
3,750,000
3,750,000
1,500,000
8,400,000
4
4*s
2,976.903
1,000
1,000
1,000
50
1877
1881
1866
1866
*
•
•
1883
1,000
1,000
1,000
1,000
50
1,000
100
1880
1880
Oswego, N. Y., to Syracuse
the Delaware Lack. A West. RR. Co.
and interest on bonds. In 1881-82
Ohio, to
Youngstown, Ohio, 65 miles. The old company made default, and
road was sold in foreclosure June 2,1879. Under the reorganization
tends are issued as above, and the stock is $288,000. The income bonds
have votes, and are convertible into stock. The road went into the pos¬
session of new managers in 1881. On Jan. 1,1882, defaulted on 1st
mortgage coupons, and R. K. Paige appointed receiver. Foreclosure
Youngstown.—Owns from Fairport.
proceedings pending.
whom.
>
do
_
m
A.
M.
J.
M.
*
m
A O.
A N.
i
w
w
T-r-
Nov. 1, 1931
Jan. 1, 1910
Jan. 1,1915
London,
Philadelphia, Offioe.
A N.
do
do
do
da
do
J. A D.
J. A J.
J. A B*.
do
m
Pittsburgh, Co.’s Offloe
mm
Phila. Tr. S. D. A L Co.
N. Y., Nat. City Bank.
A D. Phila.. B’k N. America,
do
do
A D.
Q-—J.
4ifig. J. A J.
J.
J.
7
7
•
•
•
-•
•
•
•
Dec. 1, 1919
1891-93
1, 1901
For 1883
Jan.
July 5, 1907
July 1, 1921
June 1, 1896
June 1. 1906
•
,r
5
4
J. A D.
6g.
J. A J. N.
6
Annually.
June 15,1905
July 1, 1921
June 1, 1913
j; A J. Phil.,Pa., Co., for ins. Ac.
m
’85 to ’89 A ’97
Nov. 1, 1910
Jan. 3, 1885
Nov. 29,1884
1910
Philadelphia.
Q’rt’rly
2, 1884
July
■
New York.
New York.
J.
A
1885
1907
1903
New York, Agency.
do r
do
New York, Office.
m
Feb., 1885
do
do
do
New York.
M. A N.
J. A J.
J. A J.
Stocks—Last
Dividend.
Y., Del., L. A W. RR.
F. A A. N.
M. A N.
M. A S.
Philadelphia A London.
A. A O.
Philadelphia, Office.
Q.—M. Philadelphia A London.
5
5
4
6
1
Payable
pal, When Dne.
Payable, and by
Where
When
Q.—J.
4i*
1,287,000
858,000
1,000
1,000
$477,254; net, $199,020.
A
7
7
5
6 g7
7
8
7 g.
6 g.
7,000,000
1,000
Owensboro A Naabville.—Owns from Owensboro, Ky., to Adair'
ville, Ky., 84 miles. Controlled in 1879 by the Nashville Chattanooga
A St. Louis, and now operated by Louisville A Nashville Railroad,
which owns a majority of the stock. Gross earnings for 1882-83, $56,
335; net, $6,415. Gross in 1883-4, $101,138; net, $15,832. Stock is
Palnesvtlle
4ifl
550,000
2,000,000
400,000
....
"
$1,156,517.
Rate per
Cent.
$1,320,400
500 Ac.
'
•
Bonds...
Peoria dt Bureau Valley—Stock
Peoria Decatur dt Evansville—Stock
1st mort., gold (Pekin to Mattoon)
Income bonds,
do
not accumulative
N. Y., 35 miles. Leased in 1868 to
for 9 per cent per year on stock
1879
INTEREST OR DIVIDEND.
Outstanding
1,000
[Vou XL.
notice of any error discovered In these Tables.
Bonda—Princi
Amount
$50
1864
1876
1883
1881
1879
1875
nded 20 years
3,232
Pennsylvania Company—Stock
Reg. bonds, secured by P. Ft.W.A C. special stook
Bonds, gold, secured by pledge and guarantee—
105
Pennsylvania dt New York—1st mort., guar
105
gross
BONDS.
RAILROAD STOCKS AND
•8
F. A A.
Y., Met. Nat. Bank.
do
....
July 1, 1913
Feb., 1885
N.Y.,CMo.,R. I. A Pao.
paid by the company into the Trust up to the
Jan. 1, 1920
do
Jan.
1, 1920
end of 1883 was $3,100,-
000.
There had been purchased for the fund securities of, the par
value of $3,568,750 which yield an interest of .7 86 per cent per annum
upon the investment.
An abstract of the latest report issued, that for 1883, was
in
the Chronicle (V. 38, pp. 291 and 296}.
A summary of the total business of 1884, compared with
years, is shown in the following :
ALL LINES BAST OF PITT8BURG & ERIE.
published
\
previous
Gross
1881.
1882.
1883.
$44,124,182 $49,079,834 $5-1,083,252
earnings
Operating expenses.
26,709,809 30,647,405 31,747,150
1884.
$48,566,911
30,527,009
$17,414,373 $18,432,429 $19,336,102 $18,039,902
all receipts and expenses of the Penn¬
sylvania Railroad proper, but not including the roads west of Pittsburg
A Erie operated by the Pennsylvania Company. The account for the
years 1881, 1882 and 1883 was as follows:
Net earnings
....
The income account embraces
GENERAL INCOME ACCOUNT—(PENN. RR. CO.)
Panama.—Owns from Asptnwall to Panama, 48 miles.
Opened
1881.
1882.
1883.
This road had a practical monopoly
through January 28, 1855.
of the California business till the opening of the Pacific Railroads in Net income Penn. RR. Division.$10,131,73.8 $10,768,563 $11,943,432
1869. Of the general mortgage bonds $900,000 fall due in nine half- Net loss New Jersey Division ..
568,758
653,914
302,865
yearly payments beginning April, 1885, and balance in October,
1897.
The $2,804,000 subsidy bonds are secured by a pledge of the
Balance over all charges.... $9,828,853 $10,199,805 $11,289,516
sum of $225,000 annual subsidy payable to the U. 8. of Colombia by
Deduct—
$600,000
$600,000
the company. In June, 1881, most of the stock was sold to parties Payments to trust fund
$600,000
282,810
280,860
interested in the De Lesseps Panama Canal Co. The report for 1883 was Consol, mortgage redeemed
286,480
In Y. 38, p. 423, showing net income of $1,690,569, and a surplus, after Balt. A Poto. RR.—Advances
143,332
3,500
7,000
Shamokin Coal Co.—Advances
paying 13^ per cent dividends, of $206,792. (V. 38, p. 423.)
175,973
Paterson A Hudson.—Owns from Jersey City, N. J., to Pater Phila. A Erie—Deficiency.. ....
251,520
257,384
242,621
eon, N. J., 15 miles.
The road was opened in 1834, and leased Allegheny Yal. RR.—Deficiency
...
.
in
perpetuity September 9,1852, to the New York
A Erie, at a rental of
$48,400 per year, and is operated by the New York Lake Erie A Western
as part of its main line.
J. 8. Rogers, President. New York City. ■
Pennsylvania.- Line of Road—The Pennsylvania system embraces
about 5,5u0 miles of railroad,
Do
Advances.
Sunb. Haz. A Wilk.—Deficiency.
Fred. A Penn. Line RR.
do
Am. S3. Co.—Int. and advances.
including all east and west of Pittsburg,
•nd a clear idea of the territory covered can only be conveyed by a map
At the close of 1883 the mileage operated east of Pittsburg A Erie, on
which earnings as reported were based, was divided as follows: Penn¬
sylvania Division and branches, 1,313; Philadelphia A Erie Division,
287; United Railroads of N. J. and branches, 435; total operated, New
York to Pittsburg, with branches, 2,036.
Organization, Leases, Ac.—The charter of the Pennsylvania Rail¬
road was dated April 13.1846, for a line from Harrisburg to Pittsburg.
The line from Harrisburg to Philadelphia was under other organizations,
Including the State Railroad, and the Harrisburg Portsmouth Mt. Joy A
Lancaster is still operated under a lease though forming part of the
main line. Road opened in 1854. The great number of leases, both east
and west of Pittsburg, were made for the most part under the adminis¬
trations of J. Edgar Thomson and Thos. A. Scott in the few years preced
ing 1873. The terms of the leases will be found under the names of the
respective leased roads.
The Pennsylvania Company was organized in 1870 as an auxiliary
corporation to control ana operate all the lines west of Pittsburg A Erie,
and the Pennsylvania Railroad Co. holds all the stock of the Pennsylva¬
nia Company; the similarity of names has given rise to much confusion
Stock and Bonds.—The Pennsylvania Railroad stock has been in¬
creased from time to time, chiefly by the sale of stock at par to stock¬
holders, for the purpose of raising capital for new acquisitions or better¬
ments. In the period of depression following 1873 the Pennsylvania
RR. dividends were reduced and sometimes passed. The dividends paid
each year since 1870 have been—in 1671,1872,1873 and 1874, 10 per
cent each year; in 1875 and 1876, 8 per cent each year; in 1877, 4; in
1878, 2; in 1879, 4*2; in 1880, 6 and 1 per cent in scrip; in 1881, 8 ;
in 1882, 8*2; in 1883, 8*2; in 1884, 7.
The prices of the stock yearly in Philadelphia since 1875 have been—
In 1876, 4D@5838; in 1877, 24^®4h; in 1878, 27®35
in 1879, 323s
®51»8; in 1880,48^6714; in 1881. 59*2@70is; in 1882, 5378®65i4:
in 1883, 5(>ie®64^; in 1884, 49*4@6l; in 1885, to Feb. 20, 49^*52*2.
In March, 1881, the company purchased 217,819 shares of the Phila¬
delphia Wilmington A Baltimore RR., and the directors authorized the
issue of $20,000,000 new stock of the Pennsylvania RR. In July, 1881,
the 4 per ct. bonds secured by P. W. A B. stock were issued, and they ar«*
purchased veariv at not over par with the surplus proceeds of Ph. W. A
B. dividends paid to the trustees, and not needed for the payment of *nt.
The collateral trust loan of 1883 is secured by the deposit of mortgage
tends of subsidiary lines to the par value of $12,500,000.
Operations, Finances, Ac.—The Pennsylvania RR. was the first in the
United States to begin the practice of leasing or controlling a great number
Of branch and connecting roads to secure the business in certain terriories. The company finally gave up its interest in roads south of the
Potomac, including the Richmond A Danville. The total cost to the Penn¬
sylvania Railroad Co. of the stocks and bonds of other companies held
in its treasury was $95,331,716 (par value of the same $125,405,519).
361,591
15,000
115,000
15,000
180,000
$1,767,870
$1,685,285
$8,514,520
$9,552,646
$8,060,983
Rate of dividend.
profit
on
sale of securities....
409,490
157,464
50,000
15,000
90,000
50.000
$1,736,870
5,861.718
(8)
6,890,715
(8*2)
7,530.650
(8*2)
$2,199,265
$1,623,805
$2,021,996
350,866
226,755
$2,550,131
$1,850,560
$2,021,996
7,793,949
10,344,079
603,452
12,191,639
Deduct balance in settlement
of claims and old accounts ...
profit A loss Dec. 31... $10,344,079 $12,194,639 $13,613,183
—(V. 38, p. 31. 116, 196, 203, 241, 262, 275. 291, 296, 323. 370, 388,
493, 510, 541, 630, 647, 707, 751, 764; V. 39, p. 48, 85, 96, 202, 220,
234, 337, 349, 473, 493, 514, 593,606,654, 721, 734; V. 40, p. 134,152.)
To credit
Pennsylvania Company.—The Pennsylvania
Company is a cor¬
poration chartered by the Pennsylvania Legislature, April 7,1870, dis¬
tinct from the Pennsylvania RR., aud operates all the leased lines west
of Pittsburg. The stock is owned by the Pennsylvania RR.
of Pittsb. Ft.
secured by deposit
The registered bonds are secured by deposit of $4,000,000
W. A Chic, special stock. The gold bonds of 1921 are
a
in trust of the leases of the Pitts. Ft. W. A Chic, and the Cleve. A
Pitts,
railroads and are also guaranteed by the Penna. RR. Co. The trustees
of the mort. are Wistar Morris, Edmund Smith and 8. M. Felton. The
sinking fund is 1 per cent per annum if the bonds can be bought at par.
The whole number of miles operated or in any way controlledby this company is 3,232. The income accoimt of the company
net profits over all liabilities of $L,896,487 in 1880; $1,866,183 in 1881;
showed
$1,867,883 in 1882; $872,829 m 1883.
Pennsylvania Sc New York (Canal and Railway).—Owns
from Wilkesbarre, Pa., to N. Y. L. E. A W. RR. near New 5tork State
Line, 104 miles. Branches to mines, 23 miles. Operated in connection
with the Lehigh Valley Railroad as a northern outlet. Common stock,
$1,061,700, and preferred stock, $4,000,000. Gross earnings in 1881-82,
112,303,544; net, $1,043,401, Gross in 1882-83, $2,316,847; net,
$961,821. Ten per cent paid on pref. stoek in January, 1884. Elisha P.
Wilbur, President, Philadelphia, Pa.
Pennsylvania Schuylkill Valley.—June 1, 1883, the organiza¬
tion of this company was competed by consolidation between the Phila¬
delphia Norristown A Phoenixvilie, the Phoenixville Pottstown A Read¬
ing aud the Phoenixville A West Chester railroad companies.
The road
extends from Philadelphia to Reading, and is controlled by the Penn¬
sylvania Railroad Company.
Peoria Sc Bureau Valley.—Owns from Bureau Junction to Peo¬
ria, Ill., 47 miles. The road was leased in perpetuity April 14,1854, to
the Chicago A Rock Island Railroad at a rental of $125,000 per annum.
sues of Pennsylvania Railroad stock and bonds and other debit items,
Officers same as Rock Island.
the balance to credit of “ profit and loss” is $13,613,184.
Peoria Oeeatnr Sc Evansville.—Owns from Peoria to Evansville,
A scheme to buy up the company’s guaranteed securities with $600,000 per vear from earnings is in operation, and the entire amount 235 miles; branch— Stewartsville, IndM to New Harmony, Ind., 6
goat of which is represented on the other side of the balance sheet by
.
.J«.i V
by giving immediate notice of any error discovered in tbese
of
1880
1880
1881
1881
1867
1873
$1,000
Evansville—(Continued) —
Div.)....
Div.), not cumulative..
Peoria dk Pekin Union—1st mortgage, gold, coupon
Income mortgage, non-cumulatlvfe, gold
20
20
38
38
11
(sink, fund) —
Peterborough (N.H.)—Stock....
Bonds (not mort.), redeemable after 1882
Petersburg—Stock ($323,500 preferred)
1st mort. bonds (payable $25,000 yearly)
Westchester & Phila., 1st mortgage
Philadelphia dk Erie—Stook, common
(extended 20 years in ’77).
2d mortgage
General M., g., guar by Pa.RR.($5,263,000 rg. 5s)
Phila. QermanVn dk Chestnut Hilt— 1st mort., guar
Philadelphia Oermantoum dk Norris town—Stook.
Philadelphia dk Long Branch—1st mortgage
Philadelphia Newtown dk New York—Stock
Bonds, guar, by Phila. A Read., coup
Philadelphia dk Reading—Stock, common
Preferred stock
Receiver’s certmoates outstanding
+
•
•
•
•
100
1,000
100
500 Ac.
100
•
m
m
m
50
1881
1,000
100 Ac.
1871
1857
1868
1869
1883
50
*50
100 &c.
50
50
m
m
m
....
1884
1843
1843-9
1857
over interest
967,200
1,499,500
79,000
500 &C.
Peterborough.—Owns from Wilton to Greenfield, N. H., 11 miles.
Completed Jan. 1, 1874. and leased by Nashua A Lowell Railroad
for 20 years from 1873 at 6 per cent on cost of the road. In 1879
lessees withheld rental, but a suit was decided in favor of Peterborough.
James Scott. President, Peterborough, N. H.
Petersburg,—Petersburg, Va., to Weldon, N. C., 63 miles. In May
1877, a receiver was appointed, but steps were taken by second mort323,500
preferredto
stock
and a$1,000,700
common stock.was
Onmade
preferred
fage
bondholders
prevent
sale, and reorganization
with
stock 3
per cent was paid in 1883-84.
$440,000 Class “A” bonds are
still in hauds of Central Trust Co., of which $350,000 are reserved to
retire old 1st moitgage 8s. In 1883-84, gross earnings, $347,132; net,
; in 1*82-83, gross, $335,179; net, $154,215.
(V. 40, p. 29.)
Philadelphia Sc Baltimore Central.—Philadelphia to West¬
chester, 26 miles; Westchester Junction to Octoraro Md., 46 miles;
leased Chester Creek Railroad, 7 miles; total operated, 79 miles. This
was a consolidation, Oct., 1881, of the Philadelphia A Baltimore Cen¬
tral and the Westchester A Philadelphia railroads. Of the new itock
Philadelphia Wilmington & Baltimore Holds $1,669,400. In 1882 deficit
after paying all charges, $5,943. In 1883 net earnings $100,946; de¬
ficit, $45,686. In 18*3-4 net earnings $140,066; deficit, $6,744.
Philadelphia Sc Erie.—Owns from Sunbury to Erie, 287 tniles
Formerly Sunbury A Erie RR. It was leased to Pennsylvania RR. for
$143,587
years from Jan. 1, 1862, the lessees to pay 30 per cent ot gross
receipt as rental, but modified January 1, 1870, so that actual net
receipts are paid as rental. The consolidated mortgage is guaranteed by
the Pennsylvania Railroad. The unpaid coupons are held bv the lessee
for advances, and by terms of adjustment in Jan., 1885, made with the
^enna. Railroad Co. the P. & E. will issue $1,500,000 debenture bonds
at 4*3 per cent, secure! by the overdue coupons held as collateral.
Last report was in Chronicle of Feb. 28, ’85, giving the following :
999
INCOME ACCOUNT.
Total gross earnings..
Net receipts—
Net earnings
1882.
1883.
1884.
$
$
$
4,011,414
4,108,843
3,660.146
1,488,020
4,892
1,458,080
9,120
1,467,200
$
1,062,270
166,801
1,024,250
4,835
1,411.880
Rents—
Total income
Disbursements—
Interest on debt
Interest on equipm’t.
Extraordin’ry expen.
Miscellaneous
1,029.085
$
1,077,995
165,345
135,278
45,710
1,415,466
$
1,492,912
1,062,270
1,062,270
162,281
10,000
43,024
3,586
160,410
95.087
$
1,277,575
1,317,767
1,424,328
Total disbursements.
Balance, sur. or def.. def.395,243 sur.97,699 sur.215,337
-(V. 38, p 31,228; V. 40, p. 183.)
21,147
1,250,218
216,982
Philadelphia Germantown Sc Chestnut Hill.—In Philadel¬
phia from Germautown June., on Connecting Railway, to Chestnut Hill,
63* miles. From May 1, 1883, leased for 3o years to the Pennsylvania
RR. Co., which guarantees 4^ per cent on the bonds.
Philadelphia Germantown Sc Norristown.— Philadelphia.
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply¬
mouth Railroad, 9 miles; total, 29 miles.
The property was leased
Nov. 10, 1870, to Philadelphia & Reading Railroad for 999 years at a
rental of $269,623 and $8,000 yearly for organization expenses. Divi¬
dends of 12 per cent per annum are regularly paid.
Philadelphia Sc Long Branch.—A
consolidation in 1883 of the
Pemberton & N. Y. road ana the Philadelphia A Long Branch road. Ex¬
tends from Pemberton Junction to the N. Y. & Long Branch road, near
Bay Head, N. J., — miles. Stock is $900,000, of which $750,000,
gether with $750,000 bonds, are held by Pennsylvania Railroad Co.
to¬
Philadelphia Newtown dc New York.—Owns from Erie Ave.,
Philadelphia, to Newtown, Pa., 21 miles. Capital stock, $1,200,000.
On November 10,1879, the Philadelphia Sc Reading Railroad purchased
6
m
m
m
Q.-F.
May 1.
A.
J.
M.
A.
O.
D.
N.
O.
A
&
Sc
Sc
Bonds—Princi¬
pal,When Due,
Stock*—Last
Dividend.
New York.
Sept. 1, 1920
do
Sept. 1, 1920
N.Y.,W.H BrownA Bro. Feb. 1, 1921
do
Feb. 1, 1921
do
Phila., Phil. A Read.RR Apr. 1, 1887
June 1, 1913
do
no
Nov., 1884
Nashua, Treasurer.
Boston, N. E. Trust Co. Oot. 1, 1897
Petersburg, Va.
do
Jan., 1879-’93
July 1, 1926
Oot. 1, 1926
m
5
7
M. Sc N. Phila. Company’s Office.
A. & O.
do
do
•
•
•
•
Nov. 1,
1911
April 1, 1891
Philadelphia, Pa. RR.
Oct. 1, 1*897
July 1, 18*8
5&6g. Q.-J. Philadelphia A London. July, 1, 1020
M. Sc N.
Mayl, 1913
4*fl
3
Q.—M. Phila., Treasurer of Co. Mar. 3. 188&
7
7
A. Sc 0.
J. & J.
Philadelphia, Pa. RR.
A. & O.
Phila., 227 8o. 4th St.
Q.-J.
Philadelphia, Office.
do
do
5
6
2
3H»
1,551,800
£500
and rentals, $44,308. A. L. Hopkins, President, New York.
$
3,454,309
J. Sc J.
J. & J,
A. & O.
1,000
Perkiomen.—O vn
from Perkiomen Junction, Pa., to Emaus
Junction, 39 miles. The road was leased for 19 years from Aug. 1,
1868, to Phila. A Reading RR., and bonds guaranteed by the lessees; but
the property was surrendered and all control given up in May, 1879.
Stock, $38,040. The balance sheet gives on the credit side $781,120 as
Philadelphia & Reading loan account. Net earnings in 1881-82, $122,295; in 1882-83, $115,804. Interest on debt, $115,476. (Y. 38, p. 107.)
1881.
5
2,747,910
miles; leased, Pekin, Ill., to Peoria, Ill., 10 miles; through Decatur,
3 miles; total, 254 miles.
This road is a consolidation of the
Pekin Lincoln & Decatur RR. (formerly leased to the Wabash) and the
Decatur Mattoon A So. and the Grayville A Mattoon. Annual report for
1883 in V. 38, p. 387. Gross earnings in 1883, $721,254; net, $218,311;
interest on mort. bonds, $165,420; payment on equipment certificates,
$40,000; surplus. $12,891. (Y. 38, p. 387.)
Peoria Sc Pekin Union*—Owns from Pekin to Peoria, 10 miles
The road is a union
on each side of Ill. River; total operated, 20 miles.
road, and the stock of $1,000,000 was taken by the different Peoria
RR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p. 253. Opened Feb.,
1881.
In 18*3, gross receipts, $445,142; net, $191,783;
balance
#
8
560,000
7,015,000
2.400,000
976,000
3,000,000
13,943,000
1,000,000
2.231,900
900,000
1,200,000
700,000
33,182,875
1,000
1,000
1,000
1,000
21
932
932
344,000
1,100,000
50
50
.
M. & S.
M. & S.
900,000
2,495.650
1,000,000
...
m
6
6
6 g.
6 g.
6
6 g3
6
1,324,200
....
1883
m
convertible, coupon
1,000
1881
1881
83
83
27
287
287
40
287
287
7
29
Oct. 1,1884..
Mortgage loan, sterling, coupon
do
dollars, coupon
do
...
mm
•
Rate per When Where Payable, and by
Whom.
Cent.
Payable
$1,470,000
1,230,000
1,500,000
1,500,000
799,600
1,125,000
385,000
89,000
1
82
m
•
Outstanding
1,000
1,000
1877
*63
Central—Stock
mortgage (for *2,500,000)
Preferred stook
1st mort., Sunbury A E.
•
Amount
Par
Value.
1st mortgage (Evansv.
Income bonds (Evansv.
1st
or
Road. Bonds
Peoria Decatur dk
Bonds, class A
Bonds, class B
Philadelphia dk BaU.
Size,
Date
of
Miles
explanation of column headings, Ac., see notes
on first page of tables.
Consol, mort., gold, guar. P. A R.,
Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Perkiomen—1st mortgage
=: ==ssy
=====
=r=
======—~
Subscribers will confer a great favor
For
RONDS.
AND
STOCKS
RAILROAD
February, 1885.]
Q.—J.
do
4, 5, 6
6
6
J. Sc J.
J. Sc J.
6
J. Sc J.
do
Oot. 1, i897
Jan. 25,1876
1880
London.
Philadelphia, Office.
do
do
July, 1910»
July, 1910-
July,
1886
>
s
12,012 shares, giving control of the property, and guaranteed the bonds?
the road is operated in connection with the North Pennsylvania RR.
Earnings in 1881-82. $60,000; expenses, $126,422; deficit, $65,717. In
1882-83 earnings, $68,447; expenses, $102,259; deficit, $33,812.
Philadelphia Sc Beading.— Line of Road—Owns main line*
Philadelphia to Mount Carbon, Pa., 98 miles; branches owred, 226
miles; leased lines,532 miles; roads controlled, 73 miles: total oper¬
ated in Nov., 1883,932 miles. These leased lines include the No. Pennsyl¬
vania and Delaware Sc Bound Brook roads, from Philadelphia to Bound
Brook, N. J., and branch to Trenton, but not the Central of New Jersey
roads.k In May, 1883, leased the Central RR. of New Jersey, including
its leased lines in Pennsylvania, 650 miles, but 63 miles of these roads
are sub-let to other companies.
In June, 1883, the Shamokin Sunbury
Sc Lewisburg was finished, and this, in connection with the Jersey
Shore Pine Creek Sc Buffalo road to Stokesdale, forms over other fines
the important connection with the New York Central Sc Hudson lines at
Geneva and Lyons, N. Y.
Organization, Leases, Ac.—'The Philadelphia Sc Reading Company
chartered April 4, 1833, to build from Philadelphia to Reading, and
May 13, 1872, the Mount Carbon Railroad was merged and became
part of the main line. Road opened Philadelphia to Pottsville in Jah.,
1842, The Philadelphia Sc Reading Co. leases a number of roads in
Pennsylvania, including the Catawissa, Chester Valley, Colebrookdale,
East Pennsylvania, Little Schuylkill, Mine Hill.Schuylklll Valley, Phila¬
delphia Germantown & Norristown, Philadelphia Sc Chester, and sofiie
minor roads; also the North Pennsylvania Railroad and Delaw&r®
& Bound Brook, forming the line.from Philadelphia to New York. In
May, 1883, the Central of New Jersey was leased, including the leased
lines of that company in Pennsylvania.
The fiscal year ends Novem¬
was
on
ber 30. The annual election is held early in January and stock must
stand in the name of a holder for three months prior to the elec¬
tion to entitle such holder to vote.
is a corporation
The Philadelphia Sc Reading Coal A Iron
‘
“
formed (Dec.
3.12,
' purpose of owning and working the ex¬
12,1871) for the
tensive coal properties of this company. The Phila. & Read. RR. Co. own#
all the stock ($8,000,000) of the Coal & Iron Company.
The Phila. & Read. RR. and the Iron Company were In the hands of
receivers from May, 1880, to May, 1883. Again m June, 1884, receivers
were
appointed.
Stock and Bonds.—The preferred stock is of small amount, and did
not receive any dividends from 1880 till 1884, when 21 per cent
back dividends was voted, contingent on the negotiation of the collateral
trust loan. Tiie dividends paid on Philadelphia Sc Reading stock from
1870 to 1875, inclusive, were 10 per cent each year; in 1876 2^ per cent
for
was
paid and nothing since.
stock yearly in Philadelphia since 1875 has been :
1877, 10^20*4; in 1878, 1138®193*; in 1879*
in 1881, 25^7137^; in 1882. 23%j»
335s; in 1883, 23^30^; in 1884, 3^30^', 1885 to Feb. 20. 7«8®9<fc*
The bonds in the table above are arranged with the mortgage bends
placed first, then the plain debentures, income bonds, scrip, Ac. Of the
general mortgage bonds dated in 1874, $5,000,000 more at 7 per cent
were issued In 1882.
Under the sinking fund clause the right has been
claimed by Mr. Gowen to pay off the general mortgage bonds at any
The trustees of the general mortgage of
time on proper notice,
age
- of- the Coal Sc Iron Co., viz., $29,737,965
1874 hold the
bonds
of 1874 and the Philadelphia Sc Reading Co. also holds the $10,000;
mortgage of the Coal & Iron Co. dated 1876.
The Deferred Income bonds have a claim for 6 per cent interest only
after 6 per cent has been paid on the stock. In January, 1883, the con¬
vertible adjustment scrip was issued, secured by $4,000,000 income
mortgage (see terras in V. 36, p. 48), payable on 90 days’ notice any
time after July, 1885, and convertible into stock at par, and the new
consol, mortgage dated in 1882, due in 1922, was issued in adjustment
of certain liabilities. In addition to the bonds above given there vrere
P. Sc R. real estate mortgages amounting, Nov. 30,1883, to $2,049,030.
and P. A R. Coal Sc Iron Co. real estate mortgages of $690,988, aha
Locust Dale mortgage *156,000.
Operations, Finances, &c.—The Philadelphia A Reading Co. ha®
been the largest of the anthracite coal carriers, and through its auxiliary,
the Philadelphia & Reading Coal Sc Iron Co., became a large owner or
coal lands. Between 1870 and 1876 the P. Sc R. increased neavily its
capital account in the purchase of new properties, and after -paying 1(>
per cent dividends for some years ceased to pay after Jan., 1876.
In May, 1880, the company suspended payment, and on May 24
receivers were appointed and held possession till May, 1883. But in
June, 1881. the company again went into receivers’ hands.
In 1883 the P. A R. Co. assumed a new position in two respects, first
by building the connecting line to carry coal to the New York Central
& Hudson, and secondly by leasing the Central of New Jersey railrqad
system, assuming all its liabilities and agreeing to pay 6 per cent a year
on the Central of New Jersey stock.
By this lease all the Central of N. J*
coal lands and coal traffic were controlled, giving the Phila. Sc Reading
The range of P. Sc R.
in 1876, 18^ <z> 55; in
11 ^@3758; in 1880,
of the anthracite coal busiLess.
Central of N. J. lease were heavy and
control of about 40 per cent
The charges on
coal profit*
declined largely, so that on June 2,1884, G.DeB. Keim. Edwin M. Lewi®
and Stephen A. Caldwell were appointed receivers of the Philadelphia <fc
A financial exhibit was made by th®
published in the Chronicle of Oct. 25,.
Reading RR. and Iron Cos.
receivers Oct. 20, 1884, and
V. 39, p. 461.
The plan of reorganization
proposed by the stook and bond holders*
Subscribers will confer a great favor
explanation of column headings, &o., see notes
on first page of tables.
Philadelphia dk Reading—( Continued)—
.Mortgage loans, coupon
discovered In these Tables.
by giving immediate notice of any error
Miles Date
Size, or
Par
of
of
Road. Bonds Value.
.
►Consol, mort. ($8,193,000 are gold 6s) cp. or reg.
•Improvement mort., gold, $ or £, coup
►Gen. mort., gold, $ and £, cp.($5,000,000 are 7s).
Income mortgage. $
•Consol. M, of ’82,1st ser., gold (for $80,000,000).
do
2d senes (for $80,000,000)
Debenture loan, coup
do
convertible, coupon
Scrip deben. and guar, bonds, currency
Bcrip general mort. and Perkiomen, 6, sterling..
Deferred Income bonds
Conv. adjustment scrip (for $4,000,000)
•Car trust certificates
do
do
P. & R. Coal & I., purchase money mort.
do
debenture loan
Philadelphia <£• Trenton—Stock
-
bonds...
Plain bonds, loan
do
do
do
Pittsb. Cleve. <£■ Toledo—1st mortg., gold, int. guar..
Puts. C.dc St. L.—1st M., consol., reg. and coup
2d consol, mortgage
1st mort., Steub. A Ind., extend, in 1884, reg
Col. <te Newark Division bonds
Holliday’s CoveRR. mortgage bonds
Pittab. dk Connellsville—1st mortgage
1st mortgage Turtle Creek division
Consol, mort., guar. B. A O. (s.f. £7,200 pr. yr.)..
78
200
200
125
33
Amount
Outstanding
Bonds—Princi¬
Cent.
Payable
Payable, and by
Dividend.
500 Ac.
500 Ac.
100 Ac.
100 Ac.
10 Ac.
90 Ac.
50 Ac.
3,158,329
1,732.052
650,200
10,3X9,900
7 A 6 g.
7
5 g5 g.
6
7
6
6
6
6
6
613.144
1,767,020
25,501,030
.
.
ra
M
m
2.000,000
1,100.000
12,200,000
.
-
.
500 Ac.
1,000
1,152,000
1,259,100
11,794,850
1,000,000
700,000
1.000
800,000
1,000
1,000
120,000
4,000,000
326,600
100 Ac.
£200
6,292,000
Phila. and London.
do
do
Philadelphia, Office,
do
do
do
do
Philadelphia & London.
A J.
Philadelphia & London.
1, 1893
June, 1911
Oct. 1, 1897
July 1, 1908
Dec. 1, 1896
Feb. 1, 1933
Feb. 1, 1933
July 1, 1893
Jan.
1, 1893
July, 1882-84
July, 1882-85
Irredeemable.
Jan.
1, 1888
....
Various
M. A 8.
Philadelphia, Office.
1892 to 1894
do
do
1892
Jan lbri885
Philadelphia, Office.
Jan. 2, 1885
J. A J. PhiL’delpliia, Co.’s Office
do
do
A. A O.
April, 1887
Q.-J.
4
6
6
6
5
6
7
7
5
7
6
7
6
6 g.
134,000
A J.
do
Philadelphia, Office.
Oot.
....
2*2
2,500,000
3,000,000
1,000
J.
....
6,863,000
1,000
1,000
1,000
1,000
do
A J.
A D.
A N.
A A.
A J.
A J.
A J.
....
6 A 7
7
1,000,000
2,400,000
.
J.
J.
M.
F.
J.
J.
J.
J.
Stocks—Last
Whom.
24,686.000
2,454,000
3,007,730
1867
1872-4
1875
1880
1882
1868
1873
1864
1864
pal,^When Due.
Where
1,000
1,000
100
50
1868
1859
1876
Wfien
1,000
200 Ac.
.
149
10
149
Rate pel*
7
A. A O.
Philadelphia, Office.
$2,700,000
18,811,000 6 g. or 7 J. A D. Philadelphia <fc London,
do
do
6 g- A. A O.
9,364,000
$1,000
1868
1871
1873
1874
1876
1882
1883
1868
1873
1877
1877
1882
1x83
1883
1884
1872-4
1872
39
407
.
Philadelphia Wilmington & Baltimore—Stock
do
do
do
[VOL. XL.
INTEREST
DESCRIPTION.
For
BONDS
AND
STOCKS
RAILROAD
70
Oct. 1. 1892
do
do
A. A 0.
do
do
A. A O.
April 1. 1900
do
do
T. A D.
June, 1910
Oct. 1, 1922
New York.
A. A O.
F. A A. Phila., Pa., RR. Office,
Aug. 1, 1900
do
do
A. A O.
April 1, 1913
do
do
Jan, 1914
J. A J.
do
do
Jan.. 1900
J. A J.,
do
do
1893
F. A A.
J. A J. Balt., Balt. A Ohio RR.
July, 1898
F. A A. j Pittsb., First Nat. Bank Aug. 1, 1889
T. A J. i London. J.S.MorganACo Jan. 1, 1926
.
quoted at
miles. This wa* a consolidation of several companies, May 1, 1868, in¬
cluding th« Steubenville A Indiana and the Pan Handle roads. This com¬
pany is controlled by the Penn. Company, through the ownership of a
majority of its stock. This company' also held leases of the Little Miami
Jersey for the full year 1883-84, but only for six months 1882-83. From
this report it appears that the decrease in net receipts in 1883-84 was
$5,512,481, of which $1,474,231 arose from the loss, in operating the
Central of New Jersey. The floating debt Nov. 30.1*84, was $23,517,623, 8gainst $18,065,207 the previous year, an increase of $5,452,416.
separately stated. Common stock, $2,508,000; first nref. $2,929,200;
second preferred, $3,000,000; par value of shares, $50. Authorized
amount of 1st mort. $10,000,000, of which $3,137,000 reserved to take
up prior liens.
The report for the vear 1883, in V. 38, p. 645, said: “The tonnage
transported was 3,466,544 tons, against 3,125,645 tons in 1882, an in¬
crease of 340,899 tons, mainly in coal and live stock.
The coke traffic
shows a decrease of about 25 per cent, or 84,346 tons, and grain a de¬
crease of 78,097 tons.
There was an increase in freight earnings of
$315,669, of which $179,521 was from through tonnage. The average
rate received per ton per mile was 7 6 mills, as compared with 7 mills
for the previous year, but the average cost also shows a slight increase.
committee, and approved substantially by the managers, was
much length in the Chronicle, Y. 40, p. 93 and 121, and commented
upon on p. 110.
The annual report for the year ending Nov. 30, 1884, was in V. 40, p.
91, and gave the income account as below, including the Central of New
GROSS AN1> NET RECEIPTS.
1882-83.
1883-84.
$47,450,848 $46,836,786
34,054.314
31,450,943
Gross receipts
Gross expenses
Net earnings
The income account was
briefly
..$13,396,534 $15,385,812
as
INCOME
follows:
ACCOUNT.
1882-83.
1883-84.
Net receipts, both companies
t$13,519,201
From this deduct: For the Railroad CompanyDebit balance renewal fund
42,208Debit balance, profit and loss
38,236
State tax en capital stock
42,221
All rentals and full interest on all outstand¬
ing obligations, including floating debt
Deduct: For the Coal A Iron Co.:
Full interest on all outstanding obligations
other than those held by the Railroad Co...
Deficit of both
companies
*
$15,469,251
27,499
55,909
12,101,666
15,609,499
1,142,286
1,126,942
$16 874,453
$13,312,017
$3,355,251
*$2,157,233
Surplus.
1 The slight difference from the figures above is due to miscel’s rec'p’ts.
The joint statement of the Railroad and the Coal and Iron companies,
Bhowing the earnings and expenses, the fixed charges for interest,
rentals, Ac. (but not including any payments to sinking funds), are given
as follows for three years previously, not including any receipts or
-expenses of the Central of New Jersey:
Gross
Op. Exp. and
Net
c
Year.
Revenue.
Rentals.
Revenue. Interest, Ac.
Profit.
1880-81 $35,286,463 $28,598,114 $6,688,348 $6,505,093
$183,256
1881 82 37.300.161
7,246,933 6,363,989
30,053,228
882,944
1882-83 40,045.616
31,705,682 8,339,934 6,816.183
1,523,7-1
—(Y. 38. p. 61, 85, 148.241,259, 262. 388, 399,424, 521. 541, 558,
620, 630, 647,661,679. 707. 731: V. 39, p. 3. 2 \ 109. 128. 157. 209,
220, 234. 350, 3V2, 402,448,461, 473, 494.514, 522, 545, 580, 606, 617,
654, 674, 734; V. 40, p. 29, 53, 74, 91,93,110,120,144. 183,214,
241.)
Philadelphia Sc Trenton.—Owns from Kensington, Pa., to Mor
rlsville, Pa., 26 miles and Tioga Branch, 1 mile; leased—Trenton Bridge
Connecting Railroad, 7 miles, and Frankford & Holmesburg Railroad, 4
On Dec. 1, 1871, it was
miles; total owned and leased, 39 miles.
leased with the United Companies of N. J. to the Penn. RR., at 10 per
cent on stock, and is operated as a part o' its New York division.
Philadelphia Wtlmlngtou Sc Baltimore.—Mileage as follows:
Philadelphia Wilmington A Baltimore RR., 12’> miles; Philadelphia A
Baltimore Central. 79; Delaware RR., 100 ; Queen Anne A Kent RR..
26; Delaware A Chesapeake, 55; Cambridge
Seaford RR., 27; total
joperated, 4o? miles. Owns over half the stock of .the Phil. A Balt. Cent.
This road on the main route, Philadelphia to Baltimore, has been
profitable, paying regular dividends, with a considerable surplus. From
1870 dividends of 8 per cent on the stock have been paid each year.
In April, 1831, nearly the whole stock was purchased and is held
Penn. RR. Co. Income account was as follows:
by
1881.
1882.
1883.
1884.
Receipts—
$
Net earnings
Other receipts
1,4< 9,488
153,270
$
1,751,598
103,258
$
1,675,997
109,348
$
1,855,178
13‘-\496
1,562.758
1,854.856
1,785,245
$
285,329
211,778
4X.234
943,604
150,133
1/88.674
$
$
$
331,417
Bentalspaid
dependencies.
331,3 8
201,485
47,682
Operated by the Penna. Company, and earnings
There were carried 1.235,983 passengers, as compared with 1,161.538
in 1882, the gain being on local travel. There was an increase of $57,794
in pas’ger earu’gs, the rates being better on both local and through traffic.
“The increase in expenses was mainly due to the cost of re building
engines,
and an outlay of $91,465 upon th>- new shops at Columbus/’
*
*
*
Under the re-organization of the Col. Chio A Ind. Central
Railway Company, already referred to, your company received in settle¬
ment of its claim against the former $1,028,668 of the preferred and
common stock of the Chic. St. Louis A Pittsburg Railroad Company.”
Comparative statistics for four years were as follows:
1880.
1881.
1883.
1882.
$
'
$
$
$
4,623,740
Total gross earnings.
4,323,407 .4,069,053
4,214,923
*
P.c.of op.ex.to
66*77
L.383,923
1,536,275
8,784
401,132
INCOME ACCOUNT/
Net earnings
Rentals and interest
Net from l’sed roads.
Miscellaneous
2,032,682
16,041
647,858
$
1,309,313
22,670
532,690
Total income
DisbursementsRentals paid
Interest on debt
Other interest
Int.on C. AM.Val.bds.
Loss onSt.L.V.AT.H.
Miscellaneous
2,696,581
$
1,864,673
$
801,048
842,480
174,944
819.464
846,769
$
Receipts—
Total
.
105,000
27,241
181,777
105,000
170,445
1,950.713
2,123,455
745,868 def. 258,782
Exclusive of Col. Chic. A Ind. Cent.
Balance
*■
67*17
67*82
52*98
eam’s
sur.
19.636
609,271
86,521
1,940,191
2,099.351
S
825,447
$
851,931
714,490
231,216
851,990
222,985
105,000
82,534
14,832
105,000
2,000,033
2,005,422
93,929
def.53,842
sur.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1880.
$
Assets—
RR., equipment, Ac..
Stocks owned, cost..
Bonds ownod, cost
Betterm’ts to l’s’d r’ds
Bills A accts. receiv..
..
Materials, fuel,Ac...
Cash on hand
Cin. Str. Conn. Ry...
Profit A loss balance
Total assets
Liabilities—
Stock, common
8tock, preferred
INCOME ACCOUNT.
Total income
Disbursements—
and its
Bonds (see Sup’m’t) ..
All other dues A aec’ts
Due Little Miami RR.
Due C. C. A I.C. RR
Cin. Street Conn.bds.
Miscellaneous. 4
Profit A loss balance.
.
19,942.295
58,399
283,000
706,241
1,076,528
625,859
462,183
64,639
1881,
$
19,979.033
58,399
283,000
835,376
980,133
732,474
297,465
64,639
376.393
23,219,144
$
2,508,000
5,929,200
12,497,000
784,754
23,606,912
$
2,503,000
5,929,200
12,617.000
1,118,636
891,189
853,890
184,601
262,500
184.601
64,849
97,051
262,500
133,085
1882
1883.
19,995,963
57,299
283,000
656,777
1,001,034
832,930
437,707
64,639
282,465
20,605,107
1,085,967
23,611,814
23,908,010
2,508,000
5,929,200
12,617,000
1,212,134
847,390
184,601
262,500
50,989
2,508,000
5,929,200
12,617,000
1,692,961
847,360
20,318
1,107,502
474,337
317,725
64,639
232,415
262,500
50,989
'. 23,219,144 23.606,912 23,611,814 23,908,010
645.)
9)3,604
Pittsburg Sc Connellsvllle.—Owns from Pittsburg, Pa., to
14.543
13,170
Mt. Savage June., Md., 147 miles; branch, 2 miles; leased lines, 22 miles;
total, 171 miles. On Dec. 13 1875, the property was leased to the Balt.
1,538,653 A Ohio RR., and
Tota di3bursem’ts... 1,272,704
1,522,842
1,639,078
possession given Jan. 1, 1876. The P. A C. is credited
450,016 with all the
290,054
332,014
146,167
Balance, surplus
earnings and charged with all the expenses, and surplus
—(V. 38, p 2 59.)
earnings over interest charges are credited to the B. A O. Co. for ad¬
Pittsb ug Cleveland Sc Toledo.—From Newcastle Juuction, Pa., vances. The city of Baltimore trausfened its interest to the Baltimore
to Akron, O 77 miles. Stock $3,0u0,000, par $50. Leased in July. A Ohio Railroad for $1,000,000, and the consolidated sterling mortgage
1884, for 9 ' years, to Pittsburg A Western, which is controlled by Balt. was made and guaranteed by the Baltimore A Ohio. It is operated as the
At Ohio, and this company guarantees interest on the P. C. & T. bonds Pittsburg Division of the Baltimore A Ohio RR. In 1884 the Balt. A
Ohio issued its bonds for $10,000,000 secured by mortgage on the Pitts.
(see terms iu V. 39, p. 607 ) V. 39, p. 454. 607; V. 40, p. 53.
$1,944,400. In 1881-82 net earnings were
Pittsburg Cincinnati Sc St. Louis.—Owns from Pittsburg, Pa., A ConnellsviRe RR. Stock is
to Columbus, Ohio, 193 uiles; branch to Cadiz, Ohio, 8 miles; total, 201 $1,542,125; in 1882-83 $1.478,274; in 1883 84, $1,042,132.
Interest
on
debt
Taxes
Dividends, 8 per ct
Miscellaneous
,
242,989
94,203
935,512
180,284
54,367
943,604
Total liabilities
-(V. 38, p. 359,
RAILROAD STOCKS AND BONDS.
February, 1885.J
Subscribers will confer
a
great favor by giving Immediate notice of any error discovered In these Tables*
DESCRIPTION.
Miles
Date Size, or
of
of
Par
For explanation of column headings, &c., see notes
on first page of tables.
Road. Bonds Value.
Pittsburg Ft. Wayne dk Chicago—Stock, guar
Special improvement stock, guaranteed
1st mort. (series A to F) i Bonds all coupon, but
do (series G to M) > may be made payable
2d
3d mortgage
) to order.
Pittsburg, Ft. Wayne & Chic, construction bonds.
Pittsburg Junction—
J
Pittsburg dk Lake Etne— Stock
1st mortgage, gold, coupon
Piitsburg McKeesport dk Youghiogeny—1st mortg.
PUtso. va. dk Charleston—1st mortgage, gold
1st mortgage, gold
Pittsburg dk Western.—1st mort., g. (for $6,000,000)
1st mortgage. P B. <& B
.
468
468
468
468
468
....
70
70
....
30
....
1871
1862
1862
1862
1857
1882
Outstanding
$100 $19,714,286
100
9,626,555
500 &c.
500 &c.
500 *c.
1,000
5,250,000
5,160,000
2,000,000
100.000
(D
2,050,000
2.000,000
2,250,000
50
....
1878
INTEREST OR DIVIDENDS.
Amount
1,000
....
11823. 8-324
Consol mortgage
Port Huron dk Northwestern—1st mortgage
Consolidated mortgage
Equipment mortgage
70
....
103
....
....
....
....
1882
1881
1881
....
1879
1882
»
Port Jervis dk Monticello—Stock
Port Royal dk Augusta—1st mortgage
2d mort., endorsed by Central Ga
24
112
112
68
Augusta & Knoxville
General mortgage income bonds, coup
Portland dk Ogdensb— 1st mort., gold
Consol, mortgage (for $3,300,000)
Portland dk Rochester—Stock ($600,000)
Portland Saco dk Portsmouth—Stock
Portsmouth dk Dover—Stock
Portsmouth Qt. Falls dk Conway—Stock
....
1st mortgage
Poughkeepsie Hartford dk Boston—1st and 2d mort.
Providence dk Spring/.—1st M. tend, by City Prov.).
60
94
53
51
11
73
73
42
23
»
1.000
....
....
....
^
1878
1882
1880
1878
1870
1871
....
....
....
....
1877
1875
1872
100 &0.
.
.
_
100 &c.
500 &c.
100 &c.
100
100
100
500 &c.
....
1,000
this title Feb. 26, 1862. On June 27,1869, the company leased all its
road and property to the Penn. RR. at a rental equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
increased at that time from $11,500,000.
The lease was transferred
subsequently to the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes, expenses, &c. The rental charge
is about $2,930,000 per year, and the profit to lessees has been large.
The Pittsburg Ft. Wayne & Chicago leases the Newcastle & Beaver
Valley and the Lawrence roads, which in turn are leased again by the
Pennsylvania Co.
The first mortgage bonds are in six series lettered A to F inclusive,
of $875,000 each series, the interest on “A” series being payable Jan.
and July; on “B” it is February and August; on “C” it is March and
September; on “D” it is April and October; on “E” it is May and Nov.,
and on “F” it is June and December. The second mortgage is also in
six series of $60,000 each, lettered H to M inclusive (J omitted), and the
interest is payable Jan. and July on “G” series, Feb. and Aug. on “ H,”
March and Sept, on “ I,” April and Oct. on “ K,” May and Nov. on “ L,”
and June and Dec. on “ M.” The bonds are coupon, but may be regis¬
tered payable to order. Of the 1st mortgage bonds, $1,337,500, and of
the 2d mortgage $1,587,500, and $354,088 cash, were held in the sink¬
ing funds Jan. 1, 1881. The special improvement stock is issued to
Pennsylvania RR. for improvements, &c., under article 16 of lease, viz.
Article 16. The party of the first part hereby agrees that, for the
purpose of enabling the party of the second part to meet the obligations
of the party of the first part to the public, by making from time to time
such improvements upon ana additions to the saia Pittsburg Fort Wayne
& Chicago Railway, in the extension of facilities for increased business
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron
rails, the party of the first part will issue, from time to time, a special
stock, which shall bear such name as shall be hereafter agreed upon, or
bonds, or other securities.” * * * * “ The said party of the second part
shall guarantee the payment, semi-annually or quarterly, thereon of
such rate of interest as may be a,
to be paid by the said
'•
_
without deduction from
special stock, or bonds, or other securities,
to improvements of and additions to the
mates and specifications of which, shall
shall be issued only in respect
said railway which, and esti¬
have been submitted to and
approved by the said party of the first part in writing.” *. * *
it was proposed to change the terms of the lease so as to issue bonds
to the lessee instead of the special guaranteed stock, but this was not
consummated and in June, 1*84, the Pennsylvania Company began suit
to oompel the issue of stock due for betterments.
Operations and earnings for three years past were as follows:
Net
Div’d
p. ct.
$4,883,005
7
7
4,622,476
3,927,688
7
Earnings,
-(V. 38, p. 136, 359, 425, 541, 620, 707; V. 39, p. 158, 324, 654; V. 40,
p. 28,121.)
3 000,000
4,095,000
800,000
275,500
7*5,000
917,000
165,000
724,276
250,000
121,000
630,000
1,500,000
800,000
2,268,000
585,200
....
Chicago, III., 468 miles The company made default Oct. 1,1857, ana
again in 1859. and was foreclosed Oct. 24,1861, and reorgamzed under
Gross
Passenger Freight (ton)
Mileage.
Mileage.
Earnings.
468 130,470,469 1,044,447,161 $10,741,490
468140,057,682 991,907,501 10,894,870
468 127,520,075
944,563,376 10,844,358
.
....
Pittsburg Fort Wayne Sc Chicago.—Owns from Pittsburg, Pa.,
Miles.
2.000.000
1,000
1,000
1,000
to
Years.
71
1,500,000
769.000
599,000
1.000.000
535,000
500,000
Rate per
Cent.
1\
1%
When
Where Payable, and by
Whom.
Payable
Q.—J. N. Y., Winslow, L. * Co.
do
Q.-J.
Various
Various
A. & O
J. & J.
7
7
7
7
10 8.
6 g.
7 g.
5
6 g.
6
do
do
do
do
do
do
do
do
do
Borate—Princi¬
pal,When Due*
Stocks—Last
Dividend.
Jan.
Jan.
1885
188ft
191$
1912
Jan.
1. 1887
6,
2,
July 1,
July 1,
July 1,
191*
1883
J.
7.
A.
A.
J.
A.
....
&
&
&
&
&
&
J.
J.
O.
N. Y., Phila. & Pittsb.
N.Y., Union Trust Co.
Philadelphia.
July 1. 192$
1932
April 1,190*
0.
do
April 1, 1912
J. New York. 3 Broad St. July 1, 1921
O.
do
do
April 1, 1911
....
7
6
7
A. <fc O. N.
M. & S.
F. & A.
6
6
7
6
6 g.
6 S.
2
3
3
3
J.
& J.
Y., First Nat. Bans.
N.
do
do
Y., 252 Broadway.
1911
Oct. 1, 189$
Mar. 1, 1922
Jan.
1, 189$
1898
...
4^
N. Y., Nat. City Bank.
J. & J. N. Y., 252 Broadway.
J. & J. Portland, Treas. Office.
M. & N.
do
do
Portland.
J. & J.
Boston, Office.
J. & J.
Portsmouth, Treas,
J. & J. Bost., Eastern RR. Co.
J. & D.
do
do
7
7
J.
....
July 1, *1900>
1, 1899
Jan., 1900
Jan.
Nov., 1901
July, 1884
15,188ft
Jan. 1, 188$
July 15, 1873
July 2, 1937
Jan.
1905
& J. Providence,Am. Nat.Bk
July 1, 1892
were $300,000 other issues.
In 1882-83 gross earnings, $342,336?
net, $77,426. Jas. Callery, President, Pittsburg. (V. 38, p. 220; V.
39. p. 128, 370, 454, 607.)
Port Huron Sc Northwestern—Line op Road.—Port Huron to
East Saginaw, 91 miles; Saginaw Junction to Sand Beach, 58; Port
Austin to Palms, 35; Port Huron to Almont, 34; total, 218 miles. In
1882 gross earnings were $245,218; net earnings, $132,282; interest
payment, $87,225. In 1883 gross, $314,780; net, $116,250; interest-
payments, $119,104.
John P. Sanborn, President, Port Huron, Mioh.
Port Jervis Sc Monticello.—Owns from Port Jervis, N
Y., to
Formerly the Monticello & Port Jervis
RR., which was sold in foreclosure July 16, 1875, and reorganized'
as the present Port Jervis & Monticello.
Gross earnings in 1882-83*
$33,399; net, $5,150; 1881-82, gross, $31,920; deficit, $4,123. The
stock ($724,276) was issued to the former holders of first mortgage
bonds, of which bonds $31,000 are still out. (V. 39, p. 707.)
Monticello, N. Y., 24 miles.
Port Royal Sc Augusta.—Owns from Port Royal, S. C., to Augus¬
ta, Ga.. 112 miles. Leased in Sept., 1883, the Augusta & Knoxville road.
Augusta, Ga., to Greenwood, S. C., 68 miles, for 99 years, at 5 per cent
on stock of $127,639, and assuming the bonded debt.
Formerly Port
Royal Railroad. Defaulted Nov. 1,1873, and receiver appointed May 9*
Sold
1875.
in foreclosure June 6,1878, and purchased for the bond¬
holders, who organized this company. The Georgia Railroad was en •
dorser on $500,000 of the old bonds. The stock is $750,000, and in
June, 1881, a controlling interest was purchased by Central Georgia RR.
parties. Earnings for 1882-83 compared with previous years as follows?
1882-83.
1881-82.
1880-81.
$307,100
272,112
$32u,234
280,227
$356,085
241,19$
Net earnings
$34,987
-(V. 38, p. 541; V. 40, p. 183.)
$40,006
$114,897
Gross earnings
Operating
expenses
Portland Sc Ogdensburg.—Owns from Portland Me., to Fabyans*
It reaches the Vermont Division (now St. Johnsbury & Lake
91 miles.
Champlain) by using 14 miles of the Boston Concord & Montreal RR.
and a 3-mile link of its own. In 1876 the company made default on the
1 st mortgage interest and foreclosure proceedings were begun, but com¬
promise was made by giving notes for overdue coupons up to July, 1878.
Interest is not paid on the consolidated mortgage, of which the city of
Portland holds $1,350,000. The city of Portland owned a controlling
interest in the stock, which is $1,052,186.
In March, 1834, a foreclosure suit was begun and receivers appointed
and power to issue $200,000 receiver’s certificates was given by tha
Court. Earnings of the road for three years past were as follows:
Years.
Miles.
Gross Earn’gs.
Net Eara’gs
94
$354,173
$106,304.
94
338,844
49,720
94
334,673
89,881
-(V. 38, p. 350, 388, 707; V. 40, p. 121.)
Portland Sc Rochester.—Owns from Portland, Me., to Roches¬
ter, N. H., 53 miles. The old company was put in the hands of a
Receiver February, 1877. Foreclosure suit was begun, but a settle¬
ment was made in 1881 by which all the old stock and bonds were con¬
verted into the stock of the new company. Gross earnings in 1883-84*
$183,808; net, $25,229. In 1882-83, gross, $197,940; net, $20,475.
Pittsburg: Sc Lake Erie.—Owns from Pittsburg, Pa. to Youngs¬
town, Ohio, 68 miles; branch line to Newcastle, Pa., 2 miles; total, 70
miles. Leased from Jan. 1,1884, for 99 years, the Pittsburg McKeesport
& Youghiogheny RR , from Pittsburg to New Haven, Pa., 57 miles, with
Portland Saco Sc Portsmouth.--Portland, Me., to Portsmouth*
branches, 5 miles. Scnp certificates for $615,000, bearing 6 per cent N. H., 51 miles. It was leased May 4,1871, to the Eastern Railroad,
interest and payable at will, are also outstanding. Under same auspices Mass., at 10 per cent on stock. Lease rental changed May 21, 1877*
as Lake Shore & Michigan Southern.
Gross earnings in 1883, $1,402,- and now 6 per cent. No debt.
763; net, $5a3,004. In 1884 gross, $1,193,521; net, $368,226. (V. 38,
Portsmouth Sc Dover.—Portsmouth, N. H., to Dover, N. H., II
p. 80, *93; V. 39, p. 182,654; V. 40, p. 91.)
miles. Opened February 1, 1874, and leased for 50 years to Eastern
of New Hampshire at 6 per cent per annum on the stock. Operated
Pittsburg McKeesport & Youghiogheny.—Owns from Pitts¬
burg to New Haven, Pa., 57 miles; branches, 5 miles; total, 62 miles. now by Eastern (Mass.) Frank Jones. President, Portsmouth, N. H.
Road opened Nov., 1883, and leased to Pittsb. & Lake Erie RR. for 99
Portsmouth Great Falls Sc Conway.—Owns from Conway
years, 6 per cent on the $3,000,00J stock and interest on the bonds being Junction, Me., to North Conway, N. H., 73 miles. The Eastern Railroad
in Massachusetts has made a lease of the road for 60 years from Dec. 1*
ent, Pittsburg, Pa.
1878, with a guaranteed rental of $45,000 a year, which pays 4*a per
cent on $1,000,000 bonds, and the stock is to receive the same dividends
Pittsburg Virginia Sc Charleston.—From Birmingham, Pa., to as the stock of the lessees. Total stock, $1,150,300, of which lessees
Uniontowu, Pa., 70 miles. The stock is $1,504,500. The bonds, $2,000,- own $551,300.
000, besides $208,100 debt certificates, and of the stock $1,251,050,
are owned by the Penn. RR.
Net earnings in 1883, $316,466, against
Poughkeepsie Hartford Sc Boston.—Owns from Poughkeep¬
$141,245 in 1882.
sie, N.Y., to Millerton, 47 miles. The Poughkeepsie & Eastern RJS.
was sold in foreclosure May 15,1875.
This road was sold in foreclo¬
Pittsburg Sc Western.—Owns from Alleghany City, Pa., to New sure January 26, 1884, under the second mortgage, and purchased
Castle, Pa.. 64 lniLs; Gallery Junction to Kane, 126nflles; Duck Run in two sections. (V. 38, p. 149. The first mortgage bonds are $35,000*
Branch, 6 miles; Clarion Branch, 6 miles; Saw Mill branches, 6 miles; second mortgage $500,000 The stock is $850,000. In 1881-2, gross
total, 208 miles. In July, 1884, leased the Pittsb. Cleveland* Toledo earnings, $68,408; net, $8,912. In 1882-83, gross, $57,712; net, $10,350.
for 99 years. This was a consolidation of several roads, dated June G. P. Pelton, President. Poughkeepsie, N. Y. (V. 38, p. 149.)
15, 1881, and in 1883 Pittsburg Bradford & Buffalo was acquired. .The
Providence Sc Springfield.—Providence, R*i I., to Pascoag, 2ft
mortgage was executed Oct. 1, 1881, toJ the Mercantile Trust Co.,
covering the projected lines. In July, 1884, leased the Pittsb. Cleveland miles. It is proposed fo extend the road to Springfield, Mass., 80 miles.
& Toledo RR., giving line^ to Akron, O.
Stock is $516,850. In 1882-83, gross earnings. $96,241; net, $27,298^
ion to above bonds, there In 1883-81, gross earnings, $93,240; net, $34,354; interest, $34,308.
Ohio interest. Stock, $7,250,000. In
fuar. by P & L. Erie and Lake Sh. & M. So. Cos. W. C. Quinoey, Presi-
Operated in the Baltimore *
RAILROAD STOCKS AMD BONDS.
Snbfcrlbeif will confer a great favor by giving
explanation of column headings, &c., see notes
on first page of tables.
New bonds
Raleigh <& Augusta—Stock ($1,000,000 pref.)
Raleigh <£ Oaston—1st mortgage
Reading <6 Columbia—1st raort, coup, (extended)..
2d mortgage, coupon (extended in 1884)
Debentures
Lancaster & Reading, 1st mortgage
Rensselaer <£ Saratoga—Stock
1st mortgage, consolidated (for $2,000,000)
18-234.
Date
Miles
Size, or
Amount
Rate per When Where
Par
of
of
Outstanding
Cent.
Payable
Road. Bonds Value.
Richmond <& Alleghany—1st mortgage, gold
Second mortgage, gold ($4,000,000)
Car trust bonds (payable $19,860 per year)
Richmond <& Danville—Stock
3d mortgage, (consol, of 1867) coup, or reg
General niort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar....
Richmond York River A Ches., 1st mortgage
do
do
2d mortgage
Rich’d Fredericksburg & Potomac—Bonds, ster
..
*98
1.242,000
1877
1.873.000
97
1873
1,000
40
40
1862
lOO&o.
1.000
15
193
79
250
250
756
141
141
48
29
38
38
1864
1877
1873
1,000,000
650,000
350,000
1,000
1,000,000
100 Ac.
100
6,854,100
350,000
1,000
1,000
1,000
1871
1880
1881
i’oo
-
1867
1874
1882
1868
100 &c.
1.000
1873
1873
1880
1.000
1,000
1,009
500,000
500,000
500,000
400,000
1,000
1,000
9
58,216
309,594
0 r —
Dollar loan
Coupon bonds of 1890
Coupon bonds of 1901
Richmond & Petersburg—Stock
1st mortgage, coupon
Consol, mortgage
Richmo'nd & West l*t. Ter. R. <£ W. Co.—Stock
Trust notes, secured by collateral
25
25
25
1,925,000
4,925,000
2,964,000
105,000
5,000,000
1,281,100
4,018,000
3,969,000
150,000
300,000
1,009,300
100
50,000
276,000
1870
1,000
1875
500 &c.
100
!
1885
5,000
1
!
15,000,000
2,000,000
•
•
•
2
6
6 g.
6
8
6
8
6
6 g.
5, 6,7
8
6
212
8
6 & 7
J.
M.
J.
J.
J.
J.
M
J.
M.
&
A
&
&
&
&
&
&
A
do
j
do
Stocks—Last
Dividend.
Jan.
1, 1885
1897
J.
S.
D.
D.
J.
J.
N.
J.
N.
Phila.,Pa.,& Ral’gh,N.C.
Phila., Co.’s Office.
do
do
do
do
do
do
Jan., 1898
Moh. 1, 1912
June 1,1904
Deo. 1, 1917
July 1, 1893
Y., Nat. B’k Com’rce. Jan. 1, 1885
Nov., 1921
N.Y., Del.& H.Canal Co.
N. Y., No. 2 WaH Street. July 1, 1920
do
do
May 1, 1916
Yearly to 1900
N. Y., Met. Nat. Bk.
Aug. 15, 1882
Q.-F.
M. A N. N. Y., Central Trust Co. May 1,’85&’90
N.
....
1915
do
do
J. A J.
do
do
A. A O.
April 1, 1927
1888
A. & O.
do
do
1902
A. # O.
Richmond.
1894
do
J. & J.
1890
do
M. & N.
1885
Loudon.
J. A J.
1895-’99 1902
Various
Richmond, Office.
1890
J. & J. Phil.,To wnsend W.& Co.
1901
M. & N.
Richmond, Office.
Jan. 1, 1885
J. & J
Richmond, Office.
1886
do
do
A. A O.
do
do
M. & N.
May 1, 1915
m
»
7
Whom.
Bonds—Princi¬
pal, When Due.
....
•
8
5
5
6
7
4
7
7 g*
6 g.
6
Payable, and by
Providence, Offloe.
J. & J.
A. A 0.
3
6
$2,500,000
$100
66
Providence & Worcester—Stock
,
discovered in these Tables*
immediate notice of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
[Vol. XL.
m
m
&
J.
m
J.
N.Y. Central Trust Co.
1887
%
Providence & Worcester.—Owns from Providence, R. I., to
Worcester, Mass., 44 miles; branches, 7 miles; total operated, 51 miles.
Notes payable are $512,300. Operanons and earn, for three years were:
Pa senger
Freight (ton) Gross
Net
Div
Mileage.
Income.
Income, p. c
Mileage.
Miles,
Years.
25,023,982 $1,147,514 $302,799
6
66
19,977,254
1881-82
23,174,410 1,158,394
«
322.330
66
1882-83
20,585,077
51
21,596,079 1,136,633
274,832
6
20,757,058
1883-84
—(Y. 39, p. 653.)
Raleigh Sc Augusta.—Owns from Raleigh, N. C.t to Hamlet, N. C.,
3$ miles. Formerly Chatham Railroad, and is controlled by Raleigh &
Gaston. Earnings 1881-82. $222,354; net, $53,336.
Raleigh Sz Gaston.—From Raleigh Uto Weldon, N. C.. 97 miles*
Stock, $1,500,000. In October, 1881, 3 per cent dividend paid. John M*
Robinson, Pres’t, Baltimore. Earnings for five years were as follows:
.
..
.
Net
Gross
Miles.
97
97
97
97
Years.
1876-7
1877-8
1878-9
1880-81
1881-82
Earnings.
$234,511
242,478
Earnings
$85,750
107,185
78,937
53,3o4
99,294
264,410
439,785
446,951
Reading Sc Columbia.—Owns from Columbia to Sinking Springs,
miles; branohes, 8 miles; Lancaster & Reading Railroad,
leased, 15 miles; total operated, 63 miles. Stock, $958,268. The
road is controlled and operated by Philadelphia & Reading, but
accounts kept separate.
The first mort. 7 per cent bonds due 1882
were extended 30 years at 5 per cent, and tbe 2d 7s due 1884 were ex¬
tended twenty years at 5 per cent. Gross earnings in 1882-83, $456,459; net eam’gs, $133,421; 1883-84, gross, $394,819; net, $53,838.
Pa., 40
g, 50 miles; Virginia Midland Railway, 405 :
miles; Georgia Pacino, 313 miles; total miles thus indirectly controlled
through R. & W. Pt. Ter’l R. W. Co., 1,804 miles, of which in Nov., ’83,
110 miles wore under construction; grand total of miles directly and
Asheville & Spartanb
Indirectly controlled by Ricbm. & Danville RR. Co., 2,629.
Organization, Leases. &c.—The Richmond & Danville RR. Co. was
chartered March 9,1847.
Dm Piedmont RR. is virtually owned and the
Northwestern North Carolina is also owned. The Rich. York R. A Chesa¬
peake is leased in perpetuity; the terms of the North Carolina RR.
and the Atlanta & Charlotte Air Line leases will be found under tbe
names of those companies.
The Richmond & West Point Terminal Rail¬
way & Warehouse Co. (see title of that company below) is an auxiliary
corporation in which the Richmond & Danville holds a majority
($7,510,000) of the stock. The Richmond & Danville Extension Co.,
was organized to build Georgia Pacific RR., and large advances were
made to it by the Richmond & West Point Terminal Co.
Stock and Bonds.—The old stock and bonds of the Richmond & Dan
ville Co. have not been greatly increased in its expansion of late years.
In April, 1882, $1,000,000 stock was issued for $5,000,000 of the Ter¬
minal Co. stock. The capital stock is $5,000,000, and the first dividend
(3 per cent) was paid in January, 1881. The total dividends in 1881
were 5 per cent; in 1882, 7 per cent; none since.
The stock was listed on the New York Board in Oct., 1881. The high¬
est and lowest prices since then have been : In 1881 (3 months), 991*!®
171; in 1882, 52®250; in 1883,47^72; in 1884, 32®61; in 1885 to
Feb. 20, 44'78'®191a.
The total authorized issue of
of which part is reserved to
general mortgage bonds is $6,000,000,
up prior hens, including debt to
take
State of Virginia and the Piedmont RR.
debenture bonds were sold to Richmond
bonds. Early in 1882 the
A Danville stockholders at
45, and semi-annual interest was paid on these bonds up to April, 1883,
inclusive. The interest on the bonds is strictly cumulative and they
Rensselaer Sc Saratoga.—Owns from Albany to Lake Cham¬ carry interest, from April, 1883, say 12 per ceut April, 1885. (See Chron¬
plain, N. Y., 79 miles; Troy to Waterford Junction, N. Y., 6 miles; icle, V. 37, p. 373 and 421.) For the year ending Sept. 30, 1884, the
Whitehall. N.Y., to Castleton, Vt., 14 miles; Eagle Bridge to Rutland, report shows earnings sufficient for the debentures, but none was paid
Vt., 62 miles; other, 2 miles; leased: Ballston to Schenectady, 15 during that year, aud the amount accrued is $357,310, or 9 per cent.
miles; Fort Edward to Caldwell, 15 miles; total operated, 193
The annual report for the year ending Sept. 30.1884. was published
It was a consolidation of several lines, and the Delaware & in the Chronicle, V. 39, p. 679, containing the following:
miles.
Hudson Canal Co. leased the whole March 1,1871, at a rental of 8 per
1882-83
1883-84
,
on the stock and 7 per cent on the bonds.
In the fiscal year end¬
Gross earn’gs. Expens Gross earn’gs. Expens.
bv the lessee company for rental were
ing Sept. 30, 1884, the
Rich. & Dan. and Pied....$1,554,041
$745,499 $1,575,571 $761,748
$756,168, leaving a elicit of $18,834. Operations and earnings for Rich. York Riv. & Ches...
249,826
151,280
239,727
117,631
three years past were as follows:
North Carolina
860,110
616,572
866,626
593,303
Not
Div.
Gross
Passenger
25,958
Northwest. N. C
67,799
28,659
75,827
Freight (ton)
Earnings, p.c. Atl. & Char. Air-Line
Earnings.
Miles.
Years.
Mileage.
Mileage.
1,074,015
676,843 1,04-',631
703,901
8
193
65,388:489 $2,104,596 $828,908
28,378,001
764,587
8
2,149,043
$3,805,791 $2,218,853 $3,800,382 $2,202,541
193
29,612,425
68,780,201
707,313
8
2,136,356
The ratio of working expenses was 58*3 per cent in 1882-3 and 57‘95
—(Y. 39, p. 581.)
per cent in 1883-4.
The income account in the past three years was briefly as follows :
Richmond Sc Alleghany.—Owns from Richmond t > Williamsons*
1881-2.
1882-3.
1883-4.
YaT, with branch to Lexington, 250 miles. The company was char¬
tered Feb. 27, 1879, and acquired by purchase the properties and Net earnings
$1,29^,035
$1,586,937
$1,597,841
*575,770
18,319
19,517
franchises of the James River A Kanawha Canal Co., and the Rec’d from hit. on investments
Buchanan A Clifton Forge Railway Company, including water rights
$1,605,256
$1,617,358
oh James River and terminals in Richmond; the cost of these in Total net revenue for the year $1,873,805
etbok and cash was $6,588,609. The main line, Richmond to William- Arnouut total interes ■ on fund¬
ed and floating debt, incl’d’g
•oh’s, was completed Sept. 12,1881. In June, 1881, it was voted to con¬
debentures aud rentals of
solidate with the Ohio Central Railroad and connection was to be made
leased lines
1,317,929
1,492,700
1,478,530
with the River Division of that road. Subscriptions to bonds on this
2,378
basis were also made, but from failure to obtain the necessary legislation Miscellaneous
the consolidation was never perfected.
Total
,
$1,317,929
$1,492,700
$1,480,908
A plan of reorganization proposed was given in the Chronicle, V. 40,
Ba’ance net rev. over all cbgs.
$555,876
t$ 112,556
1$136,450
p. 152.
The stock is $5,000,000, and the 2d mortgage bonds for $4,000,000,
Includes premium on bonds.
thcaigh not all reported as sold, are understood to have been pledged to
m ‘considerable extent for loans.
t The interest charge ou debentures is included here in full, but it was
In May, 1883, default on the mort¬
gage interest was made, and on June 23 receivers were appointed. The not paid.
report for 1882-83 was published in the Chronicle, V. 37, p. 694, and -(V. 38, p. 88, 116, 203, 425, 480, 541, 572; V. 39, p. 679.)
showed the gross earnings to have been $635,327, and net income,
Richmond Fredericksburg Sc Potomac*—Owns from Rich¬
$170,205.
For year ending Sept. 30,1884, gross earnings were $604,083; net mond, Va., to Quantico, 82 miles. In November, 1831, there were
voted dividend certificates for $755,039 to be issued to holders of com¬
$132,214. (V. 38, p. 178,301, 350; V. 39, p. 297; V. 40, p. 94, 152.)
mon stock (70 per cent on each share), to represent money spent on
,Richmond Sc Danville.—(See Map.)—Line of Road.—The the property out of earnings. The common stock is $1*030,100, and
mainline is from Richmond, Va., to Danville, Va., 141 miles; branches, guaranteed stock is $500,400, and “dividend obligations” $720,200.
12 miles; Danville, Va., to Greensboro, N. C., 47 miles; Salem Junction In
April, 1834. the Va. Court of Appeals decided that the guaranteed
to Salem, 25 miles; leased: West Point, Va., to Richmond, 38 miles;
stock had a claim for “dividend obligations ” like those issued to common
Goldsboro, N. C., to Charlotte, 223 miles; Charlotte, N. C., to Atlanta. stock holders. In year ending Sept. 30, 1881, gross earnings were
269 miles, and narrow gauge branches, 70 miles; total owned and $471,705; net, $181,165;
interest aud guaranteed dividend charges,
leased, 825 miles, of which 756 miles are operated directly by the Rich¬ $88,923; balance net surplus, $92,942. (V. 38, p. 447; V. 39, p. 581.)
mond St Danville Co. and the earnings based thereon, ana 69 miles,
Richmond Sc Petersburg.—-Owns from Richmond to Petersburg.
mostly of the Atl. A Ch. narrow* gauge branohes, are reported separately.
By ownership of a majority of the stock of the Richmond A West Va.. 23 miles; branch, 2 miles; total, 25 miles. The road has earned
Point Terminal Railway A Warehouse Company, the Richmond A Dan¬ moderate dividends and the debt account is very small. In 1883-84
ville Railroad Company indirectly controls and operates the following gross earnings, $195,369; net, $87,069. In 1882-83, gross, $182,821;
lines of railway: Charlotte Columbia <& Augusta, 191 miles; Columbia net, $78,2457
A Greenville, 197 miles; Chester & Lenoir RR. (n. g.), 90 miles; Chester
Richmond Sc West Point Terminal Railway Sc Ware¬
A Cheraw (n. g.), 29 miles; Atlantic Tenn. & Ohio RR., 47 miles; Laurens
.
*
f
* p £
XXIlAv'O
^
Mm I ■
A f X
.
XvXVf ^ X
i. I.
* M. gj ^. CV RR.,
1 II 1 I l_*fj | Richm.
M ■. M J M B ^ Ml A Meek.
& Augusta
Railway 31 miles; Knoxville
16V miles;
Railroad, 31 miles; Spartanburg Union A Columbia 68 miles; Northeast^
N
574 miles;
«m of Georgia, 61 miles; Western North Carolina Railroad, 27
f
,,
Legisla¬
auxiliary corporation of
house Co.—This company was incorporated by an act of the
ture of Virginia of March 8,1880. It Is the
the Richmond A Danville syndicate, controlling several stocks
by own-
BASROTANILCDOKSD.
1F8ebru5a.yJ,
t
RAILROAD
74
Subscribers will confer
a
explanation of columu headings, &c., see notes
on
first pag»
of tables.
Rio Grande <6 Pecos— 1st M.. gold ($20,000 p. m.)
Rochester <t\ (lenesse.e Valley—Stock
Rochester & Pittsburg.—1st mortgage
Consol, mortgage
Income mortgage
2d consolidatedrnortgage (for $4,000,000)
..
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
31
18
108
258
258
Equipment bonds (car tnist) in 3 series
■Rock Island ft- Pear in.—Stock
’*91
1st mortgage
Rome Watertown &■ 0/densburg —Stock
1st sinking fund mort., Wat. & R. (extended)
General mortgage, sinking fund
2d mortgage
Consol, mort., (extended July, 1882, at 5 per
Income bonds
91
417
97
190
190
409
•—
ct.).
Syracuse Nort hern (gold)
Rutland—General mort. (8 per cent, reduced to 6>..
New 2d mort. in excli. for equipment bonds, &c.
Babins Pass <£• Texas North—1st M. ($3,500,000)
A’acramento & Placerville -1st mortgage (S. V. RR.).
1st mortgage (S. & P. RR.)
Saginaw Valley d St. Louis.—1st mortg., coup
St. Johnsbury d L. Champlain—1st M.,coup. or reg.
Consolidated mortgage (for $1,000,000)
-
St. Joseph d St. Louis—1st mortgage
St. Joseph & Western— 1 st M. St. Joseph
2d mortgage
Kansas & Nebraska, 1st mortgage
Kansas & Nebraska, 2d mortgage
Hastings & Grand Island, 1st mort
St. Louis Alton d Terre Haute—Stock
Pref. st’ek (7 cumulative)
AND
BONDS
[Vol. XL.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
& Pacific..
45
120
120
....
....
48
29
120
....
76
112
112
115
115
25
331
331
1882
$1,000
100
1881
1882
1881
1884
Var’s
1878
1855
1861
1872
1874
1882
1871
1872
1878
1882
1855
1877
1872
1880
1884
1874
1876
1876
1876
1876
1,000
1,000
1,000
1,000
1,000
25,000
INTEREST OR DIVIDENDS.
Amount
18-324
Outstanding
1,000
looo
1,000
1,000
1,000
1,000
478,000
2,615,000
684,000
1,500,000
150,000
5,293,900
418,100
100 &c.
1,021,500
100
100
-ership of
J.
J.
F.
J,
21*5
J. & D.
1,000,000
4,929,000
1,677,335
500,000
7
1,500,000
1,500,000
6
400,0 0
358,000
1,900,000
1,200,000
J.
.
1,900,000
375,000
•
2,300,000
2,468,400
•••
7
D.
J.
A.
D.
&
&
&
&
&
&
Payable, and by
Whom.
N.Y., Mercantile Tr.Co.
N.Y.,byN.Y L.E.&W.Co
N. Y., Union Trust Co.
do
do
do
do
J. N.
J. N.
8.
D.
J.
O.
do
do
do
do
Y., Com Exch. Bank.
Y., Central Trust Co.
do
do
do
do
do
do
do
do
& J. N. Y., Farm. L. & T. Co.
M. & N.
F. & A.
J.
J.
J.
M.
&
&
&
&
A. &
Q--J.
S.
& J.
& J.
& J.
& J.
& J.
M. &
J.
J.
J.
J.
J.
Bost.,Columbian N. Bk.
do
do
J. London and New York.
J. N. Y. Central Pac. RR.
J.
do
do
N. Bostou, C. Merriam, Tr.
O.
....
-
Stocks—Lost
Dividend
June 1, 1912
Jan. 1, 1885
Feb. 1, 1921
Dec. 1, 1922
1921
Feb. 1, 1924
Various.
Jan. 1, 1885
Jan. 1, 1900
July 15, 1875
Sept, 1, 1910
Dec. 1,
Jan. 1,
1891
1892
July 1, 1922
1, 1932
Ju y
Jan’ry
5
6
10
6
8
6 S'
5
7
7
7
7
7
(1)
400,000
700,000
446,000
&
&
&
&
Where
F. & A.
Various
J.
J.
M.
J.
J.
A.
5
7
7
1,200,000
1,000
6 g.
3
6
6
6
6
7
10
3
6
7
600,000
100
100 &c.
■
Payable
3,860,000
100 &c.
100 &c.
i
V-.
1,000
When
Cent.
$500,000
555,200
1,300,000
100
100 &c.
500 &c.
1,000
1,000
Rate per
Bonds—Princi
pal,When Due.
Bost., Am. L. & Tr. Co.
Boston.
New York.
New York.
do
do
do
do
N. Y.,Office
34 NassauSt.
July, 1901
Nov. 1, 1902
1898
Jan.
1, 1912
1875
1907
May 1, 1902
Oct. 1, 1910
April 1, 1914
1894
Jan.
Jan.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1,
1915
1915
1915
1915
1910
May 1, 1884
For quarter ending December 31, 18c4, gross earnings were $469,691,
a majority, the total miles of road thus controlled being 1,804.
1882, the stock was increased from $5,000,000 to $15,000,000, against $456,276 in 1883; net, $199,695, against $186,384 in 1883.
the old stockholders taking two new shares at $25 per share for each
For year ending Sept. 30, 1884, interest and rentals were $522,269.
•old share owned. The Richmond & Danville Co. owns $7,510,000 ol other payments, $14,826; surplus. $26,684. Operations and earnings
this stock. The report in V. 37, p. 717 showed that the R. & W. P. T. R. for three years past were:
<fc W. Co. owned tliese stocks, viz.: $2,607,150 Richmond & Danville
Years.
Miles. Pass’rmile. Fr’ht(ton)mile. Gross rec’ts. Net rec’ts
Extension Co.. $120,000 Northeastern Railroad of Georgia, $3,168,300
417
19,223,584
54,470,111
$1,814,495
$401,581
Western North Carolina RR. common and $3,168,300 pref.; $100,000
417
18,872,541
55,834,358
1,694, .’31
300.723
Knoxville & Augusta RR., $1,302,400 Charlotte Columbia & Augusta
563,776
1.716,525
£R., $3,577,333 Virginia Midland Railway, $1,001,000 Columbia & —(V. 38, p 149, 510, 680, 738; V. 39, p. 265, 655, 705 ; Vol. 40, p. 29,
•Greenville RR., $49,000 Dan. Mock. & So W. RR.. $300,000 Richmond 61, 214.)
Mecklenburg Railroad. $103,000 Rabun Gap Short Line, $85,900,
Rutland.—Owns from Bellow’s Falls, Vt., to Burlington, Vt., 120
Terminal stock, $i,089,320 Georgia Pacific Railroad; and the fol¬ miles; leases Addison RR., 15 miles; total, 135 miles. This road has been
lowing bonds: $100,000 Knoxville & Augusta 1st mortgage 6 per cents, through many changes. It was leased to the Cent. Vermont in Dec.,1870,
^368,000 Spartanburg & Asheville 1st mortgage 6 per cents, $1,720,000 for 20 years, but the lessee became insolvent, and finally a modification
Western North Carolina 1st mortgage and $3,090,000 2d mortgage, of the lease was made, giving $250,000 per year as a minimum rental
35603,553 Virginia Midland 6 per cent Acc.
Incomes, $315,000 and $8,000 for organization expenses. The bondholders agreed to accept
Northeastern of Georgia general mortg., $1,305,825 Georgia Pacific 5 per cent bonds in exchange for equipments and 6 per cent bonds in lieu
2d incomes, and $311,800 Blue Ridge RR. and miscellaneous county and of 8 per cents. The 5 percent 2ds are a first mortgage ou
rolling stock
township bonds, and $30,000 subscriptions. In Jan., 1883, the above and personal property.
The common stock is $2,480,600 and preferred
trust notes were issued at 90, secured by a deposit of stocks and $4,000,000. During the year 1883-4 the floating debt was wiped out
bonds as collateral. (V. 40, p. 29.)
and one per cent dividend paid on preferred stock in August.
(V. 40, p.
In April,
Rio Grande Sc
Santiago, 251 miles.
Pecos.—Projected from Laredo, Texas, to Brazos
Completed from Laredo on Rio Grande River, to
Santa Tomas, 27 miles, to the company’s coal lands of 20,000 acres.
Mortgage issued at $16,000 per mile. Narrow gauge. Interest not
paid. A. C. Hunt, President,Laredo, Texas.
Rochester Sc Genessee Valley.—Owns from Avon to Rochester.
N. Y., 18 miles. This road was leased July 1,1871, in perpetuity, to
Erie Railway, and now operated by New York Lake Erie & Western.
Rental. $34,012. James Brackett, President, Rochester, N. Y.
Rochester Sc Pittsburg.—(See Map.)—OwTns from Rochester, N
Y., southward to Punxutawney in Pa., 204 miles (except 36 miles of this
leased); and Buffalo Branch from Ashford June, to Buffalo, 44 miles;
total, 248 miles. Leased, 46 miles. Total operated, 294 miles. Formerly
Rochester &
State Line, which
road was sold and purchased
by Walston H. Brow n, of New York, and was reorganized as the Roches¬
ter & Pittsburg.
In November, 1881, an important consolidation
was made.
(See V. 33, p. 623.) In December, 1882. the new consol,
xuort. was issued in place of old income bonds and for other purposes. The
■capital stock was increased in 1882, to $20,000,000. See the report.
-
In December. 1884. a statement of the various issues of bonds was made
follows: The old 2d mortgage for
terminal^faeilities was paid on March
8, 1884, at 96 and accrued interest, and canceled of record. The new
:2d oonsol. mort. is for $4,000,000, of which $1,200,000 were reserved
for extension of terminal facilities in city of Buffalo, and have not been
issued. Of the balance of $2,^00,000 there were sold $1,132,500; there
were pledged as collateral security for loans $1,482,500.
The balance,
$185,000, have not been issued.
The amount out-tanding is therefore
as
$2,615,000. The Union Trust Co. is trustee and bonds and coupons are
payable there. The old income bonds were $1,870,000, of which the Union
Trust Co. holds $1,392,000 as collateral security for 1st consols, leaving
$478,000 outstanding. They are same date as 1st mortgage. Of the
$3)860,000 1st consols, the Union Trust Company holds $239,000, to be
.issued when the remaining incomes are surrendered.
Owing to great competition and cutting of rates on coal business, the
earnings fell off in 1883-84, and the company defaulted ou the interest
due August 1, 1884, on the second mortgage bonds. The plan of relief
.-proposed by the officers of the company Oct. 20,1884, was not adoptrd.
For year ending Sept. £0, 1884, gross earnings were $1,069,032; net,
$278,968; rentals, $56,600; interest, taxes, &c., in full, $431,549, deficit,
cafter paying all annual charges, $209,181.
For the quarter ending Dec. 31, 1884, gross earnings were $311,947,
against $252,615 in 1883; net, $109,314, against $55,566. (V. 38, p.
3*9, 541, 620; V. 39, p. 11, 72, 158, 225, 265, 297, 382, 454, 494, 555,
581, 655. 674, 705, 707; V. 40, p. 29, 241.)
Rock Island Sc Peoria.—Owns from Rock Island, Ill., to Peoria,
ill., 91 miles. This was the Peoria & Rock Island, sold in foreclosure
April 4,1877, the bondholders becoming the purchasers. Gross earnings
1882. $405,263; net earnings, $64,918, out or wldcn,5 per cent dividend
was paid on the stock. Gross earnings in 1883, $354,897; net, $107,048,
out of which 4 per cent dividends paid.
Rome Watertown Sc Ogdensburg.— Owns from Rome to
Ogdensburg, 141 miles; branches: To Cape Vincent, 24 miles; to Pots¬
dam, 24mile8; Oswrego to Lewiston, 146 miles; Sandy Creek to Syracuse,
45 miles; leased Oswego & Rome RR.,29 miles; Niagara Falls Br. RR., 8
miles ; total owned, leased and operated, 417 miles. It was a consolida¬
tion Oct., 1861, of the Watert’n & Rome and the Potsdam & Watertown
railroads. The Lake Ontario Shore Railroad was acquired January 15,
1875; the Syracuse Northern, August 1, 1875. The Oswego & Rome was
leased January 1,1866, at 8 per cent on stock and interest on bonds.
The Niagara Falls Br. road was leased Nov. 1, 1881, at 7 per cent on its
stock of $250,000.
The
company was in default on coupons of the consol, bonds after
April 1,1878, but afterward gave new sheets of coupons, 5 per cent
Interest; also funded the 33*4 per cent overdue interest (to July, 1882,)
Into 7 per cent income bonds also assessed 10 per cent cash on stock.
The present management of the company succeeded the
management
which
was
identified with the Del. Lack. & West, interests. Charles
Fixed oharges for interest and rentals
Parsons, New York, President.
£
or
year are
$489 541.
94.)
Sabine Pass Sc Texas North.—Line of road, Marshall, Tex., to
Sabine Pass, Gulf of Mexico. 218 miles.
Road under construction.
Stock. $4,000,000. R. H. Parks, President, New York.
Sacramento Sc Placerville.—Owns from Sacramento, Cal., to
Shingle Springs, Cal., 48 miles. This was a consolidation of the Sacra¬
mento
Valley and the Folsom & Placerville railroads, April 19, 1877.
Capital stock, $1,756,000. Gross earnings, 1883, $121,905; net, $45,738,
deficit over charges, $19,230. Gross, 1882. $96,531; net, $11,106;
deficit, $43,283. Leland Stanford. President, San Francisco.
Saginaw Valley Sc St. Louis.—Owns from Saginaw to St. Louis
and Alma to Ithaca, Mich., 35 miles.
Opened January, 1873. Capital
stock, $264,804. Iu 1882, gross earnings were $109,328; net $35,225.
In 1883, gross, $109,729; net, $22,438; interest payments, &c., $35,680.
In July, 1879, management was transferred to the Detroit Lans. & No.
St. Jolmsbury Sc Lake Champlain*—Owns from Lunenburg,
Vt., to Maquam Bay, on Lake ChamplaiD, 120 miles. This was the
Portland & Ogdensburg, Vermont
Division, and was reorganized
under this title in 1880.
Preferred stock, $1,298,500; common stock,
$2,550,000. Iu March, 1884. voted to issue the consolidated bonds, of
which $600,000 are reserved to take up its first mortgage bonds. In
1881-82, income. $242,662 gross and $43,166 net. In 1882-83 gross,
$268,966. In 1883-S4 gross, $290,470; net, $61,827. (V. 38, p.379;
V. 39, p. 210.)
St. Joseph Sc St. Louis.—St. Joseph, Mo., to No. Lexington, Mo.,
76 miles. Present company is successor to the St. Louis & St. Joseph
Railroad, sold- in foreclosure February 8,1874. The St. Louis Kansas
City & Northern took a lease of the road for 99 years July 1, 1874.
The terms of the lease are an annual payment of 30 per cent of gross*
earnings, but $25,000 guaranteed. Stock, $100,000.
St. Joseph Sc Western.—Line of Road—East Division—West St.
Joseph, Kan., to Marysville, Kan, 112 miles; West Division—Marys¬
ville, Kan., to Hastings, Neb., 115 miles; Hastings & Grand Island
road, 25 miles total, 252 miles.
This is a reorganization of the former St. Joseph & Denver City
road, which went into the hands of a Receiver in 1874 and was sold
.
in foreclosure in November, 1875.
On the foreclosure of the two
divisions two companies were organized, the St. Joseph & Pacific
and the Kansas & Nebraska, with bonds as above. These were
consolidated as St. Joseph & Western, the stock is $4,100,000,
par $100. The present bonds have no lien on lands, as the land
grant of 300,000 acres was put in hands of trustees for the benefit of the
holders of the old land scrip of $2,250,000. The road is controlled
by
the Union Pacific and the coupons on bonds are not paid. The U. P.
holds $1,536,200 of the stock of $4,100,000 and $1,303,369 St. Joseph «fe
Pacific 1st mortgage and $1,114,661 Kansas & Nebraska 1st mortgage.
In 1883 gross earniDgs $1,044,854; net, $274,082.
In January. 1884.
foreclosure suit was begun on the first mortgage. (V. 38, p. 62, 80, 764;
V. 39, p. 545, 655.1
St. Louis Alton Sc Terre Haute.-Owns from Terre Haute,
Ind., to East St. Louis, 193 miles; proprietary line, East St. Louis to
Bellevile, 15; leased lines—Belleville & Southern Ill. RR., 56; Belleville
6 Eldorado road, from Du Quoin to Eldorado, 50; Bellev. & Car. RR.,
from Belleville to E. Carondelet, 17; total, 331 miles. This company was a
reorganization, Feb. 18, 1861, of the Terre Haute Alton & St. Louis RR.
The Bellev. & So. Illinois is leased to this company for 999 years from Oct.
1,1866, and the Bellev & Car. for 983 years'from Jan., 1883. The main
line (St.L. Alton <fe T. H.) was leased Nov. 1, 1882, to the new Indianap.
& St. L. Railway and the Cleve. Col. Cin. & Indianapolis jointly. Under
this new lease the rent guaranteed is $450,000, and that amount is all
that is to be paid unless the gross earnings exceed $1,750,000 in any
year ending Oct. 31, and then 20 per cent is to be paid of the excess of
gross earnings over $1,750,000.
This company, in July, 1882, obtained a decision in its favor against
the two solvent lessee companies for $221,624 against each. An appeal
to the United States Supreme Court is pending. The Belleville Branch
and Extension are operated separately by this company, and earned
net in 1881, $159,907; in 1882, $238,930; in 1883, $205,935. The
RAILROAD
February, 1885.]
Subscribers will confer
a
explanation of column headings, &c.
on
first page
BONUS.
AND
great favor by giving Immediate notice of any error
DESCRIPTION.
For
STOCKS
,
of tables.
Miles
Date
Size, or
of
of
Par
see notes
Road. Bouds' Value.
79
discovered in tliese Tables.
Ronds—Princi¬
INTEREST OR DIVIDENDS.
Amount
Outstanding
pal, When Due.
When
Rate per
Cent.
Where
Payable, and by
Stocks—Last
Whom.
Payable
1
Dividend.
1
Alton <£ Terre Haute—(Continued)—
1st mortgage (series A) sinking fund..
St. Louis
1st mortgage (series B)
2d mortgage, preferred
2d mortgage, preferred
2d mortgage, income
siuking fund..
(series C)
(series D)
3
^
T
w
207
207
207
207
a
.
....
3
Equipment mortgage
gs
....
Income bonds, not cumulative
St. Louis cf- Cairo— 1st M., income
.
160
85
1S4
135
135
.
Tallis KpnP.uk. if Ar.W.
i at,
-
Stock!*! .350.000 is nref.)
irohl
Tripnmft hmuiR
St. Louis Salem &
Bt
1.nuis
Little Rock—1st mortgage
fin.11. Prniipispn—Stock, common
Prpfprrprl. 7
np.r
p.pnt. not
„
144
(not cumulative)
St. Louis Ft. Scott & Wichita—1st M. ($15,000 p. in.)
8t. L. Han.it: A'.—1st M conv. till ’87 ($12,000 p m.)
yi
m
.
1864
1864
1864
1864
186 t
1870
1881
1881
1880
1877
$1,000
1876
1876
1872
1,000
l’OOO
$1,100,000
500 Ac.
1,000
1,000
1,400,000
500 Ac.
.
„
1,000
100 &c.
2,483,000
916,931
1,000
2,700,000
1,000
1'620,000
p.nm illative.
1st preferred, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)..
2d mortgage bonds, A
do
do
B, gout—
do
do
C, goi t
Equipment mortgage, gold
Mortgage on Mo. A Western RR., gold..
Trustbouds
St. Louis Wichita & Western
Gen. M., gold, coup, or reg (a 1st M. on 172 miles)
St. Louis Vandalia <£■ Ttrre Haute—1st M. s. f. guar
2d mort., sink, fund ($1,600,000 guar.)
293
293
293
293
....
84
100
145
All
158
158
1868
1876
18 76
1876
1880
1879
1880
1879
1881
1867
1868
1,700,000
300,000
1,357,000
2,600,000
1,000
814
-
1,100,000
1,400,000
500
100
500
500
&c.
Ac.
1,080,000
1,000,000
10,500,000
10,000,000
4,500,000
7,144,500
500,000
2,766.500
2,400.000
Ac.
Ac.
781.000
1,000
1,000
1,000
1,095,000
1,350,000
2,000,000
5,80 >,000
1,899,000
2,600,000
1,000
1,000
1,000
J. & J. N. Y. Office,3 4 Nassau St
A. & O.
do
do
F. & A.
do
do
M. A N.
do
do
M. & N.
do
do
M. & 8.
do
do
June 1
do
do
A. & O. New York or London.
A. A O. New York, Moran Bros.
A. A O. Cedar Rapids, la., office.
1894
1894
1894
1894
1894
1880
Jan. 1, 1894
Got.
1,
7 g.
7 "
7
J.
J.
Jan.
Jan.
1, 1906
3h
F.
J.
M.
M.
M.
J.
F.
F.
M.
J.
J.
M.
7
7
7
7
7
10
6
5 g.
7
7
6
6
6
o
7
6
6
6
6
7
7
ar.
g.
g.
g.
g.
g.
g.
& J.
A J.
A. & 0.
N.Y., Union Trust Co.
& A. N. Y., Company’s Office.
A J.
do
do
& N.
do
do
do
& N.
do
& N.
do
do
A D.
do
do
do
do
A A.
do
A A.
do
A S.
do
do
do
do
A J.
A J. N. Y., Central Trust Co.
do
do
A N.
1921
Oct.
1, 1910
1917
1, 1906
April I', 1902
Feb.
2, 1885July, 1888
Nov. 1. 1906
Nov. 1, 1906
Nov. 1. 1906
June 1. 1895
Aug. 1. 1919
1920
1919
July 1
1931
Jan. 1. 1897
May 1, 1898
■
*
»
Belleville & Eldorado was leased for 985 years from July 1,1880, at a
rental of 30 per cent on the gross earns., hut $15,400 per year guarant’d.
Of the first mortg. bonds $836,000 are held iu sinking fund ; of the
equipment bonds $246,000 are owned by the company. The pre¬
ferred stock has a prior right to a cumulative dividend of 7 per cent
before any is declared on common. It is also convertible into com
mon at par; but shall not receive any dividend as common stock for the
time it was held as preferred. In January, 1881, the company declared
3 per cent iu cash on tho preferred stock and afterward settled the re¬
maining 55 per cent of acoum. dividends by the issue of income bonds,
and has since paid the 7 percent. (V. 38,p. 677.)
St. Louis Sc Cairo.—This road (3ft. gauge) extends from Cairo to East
St. Louis, 152 miles with a branch to High Prairie, 9 miles. The former
Cairo A St. Louis made default April 1, 1874, and was sold in foreclosure
July, 1881, and bought in, in behalf of bondholders. Stock is $6,500,000,
and 5 per cent interest was paid April 1, 1883, on the
cent in 1884. Gross earnings in 1883-84, $375,784;
bonds, and 3
per
net, $78,837 ; in
terest, $78,000; surplus, $d37.
St. Louis Fort Scott Sc Wichita.—From Fort Scott to Wichita,
Kan., 166 uiilr.s, completed July, 1883. Moran Brothers of New York
and other capitalists, largely interested. Stock, $5,833,855. Gross earn¬
ings in 1883, $286,712; net, $65,099.
St. Louis Hannibal Sc Keokuk.—Owns from Hannibal, Mo.,
to Gilmore, on Wabash St. Louis & Pacific, 8 i miles. In 1883 acquired
control of Forest Park A Central Road, for entrance to St. Louis. Stock,
,
$1,636,000.
Earnings for 1883, $i 00,979; net, $6,623. W. W. Walker,
President, Hannibal, Mo. On Feb. 8,1884, E. J. Case, of Peoria, Ill.,
was appoiuted receiver, and up to Jan., 1885, there bad been issued
$170,000 of receiver’s certificates. See V. 38, p. 178. (V. 38, p. 173,
323; V. 40, p. 61.)
St. Louis Keokuk Sc Northwestern.—Owns from Keokuk,
la., to St. Peters, 135 miles; leased Keokuk to Mt. Pleasant, 49 miles;
total operated, 184 miles. The Miss. Val. A Western RR. was sold April
14, 1875, and this company organized July 1, 1875. Road completed in
autumn of 1879.
Income bonds above were originally a part of
$2,700,000 first mortgage bonds, but by agreement they were changed
into their present form. Gross earnings year i 882 $411,494; operating
expenses, $412,988; deficit, $1,494. Gross in 188 {, $536,912 ; expenses,
$437,772; net, $99,140. W. W. Baldwin, President, Burlington, Ta.
•
St. Louis Salem Sc Little Rock. — Owns from Cuba, Mo.,
to Salem, Mo., 42 miles, and brandies, 13 miles; also 17 miles of branches
controlled; total operated, 72 miles. Reaches St. Louis by St. L. A San
F. RR.
Stock is $1,000,000. Earnings in 1883 on 54 miles were $93,
521 ; net. $49,98 *. In 1882, on 51 miles, $160,018 net. $102,057. A.
L. Crawford, President, Newcastle, Pa.
St. Louis Sc San Francisco.—Line of Road—This considerable
system of railroads, forming part of a through route to the Pacific coast,
requires
a map
to show it well.
The main line is from St. Louis, Mo.,
to
Seneca, 326 miles; branches—Granby branch, lLj miles; Orongo,
Mo., to Joplin, 10 miles; Girard to Galena, Kan., 47 miles; Carbon
Branch, 3 miles; Peirce City to Wichita, Kan., 218 miles; Plymouth,
Mo., to For: Smith Ark.,
miles; Springfield to Chadwick* Mo., 35
miles; total operated, 776 miles. The eastern terminus was at Pacific.
Mo., till December. 1883, and from there to St. Louis, 37 miles, the
tracks of the Missouri Pacific were used. The tracks of the Atchison
Topeka & Santa Fe are also used from Wichita to Halstead, Kansas. 25
miles. This company also operates the finished portion of the Atlantic A
Pacific road. Central Division, from Seneca, Mo., to Red Fork in the
Indian Territory, 102 miles.
Organization, Ac.—This company was organized Sept. 20, 1876, as
successor to
the Atlantio A Pacific in Mo. The latter embraced the South
Pacific RR. (originally the Southwest Branch of the Pacific RR. of Mo.,
chartered Dec. 25, 1852), which was consolidated with the Atlantic &
Pacific road Oct. 25, 1870.
The Atlantic & Pacific was chartered by act of Congress July 27,1866,
and was authorized to construct a road on the 35th parallel to the Pacific
Ocean. The Atlantic A Pacific leased the Pacific of Missouri July, 1872,
but failed to pay the rental in 1875 and also defaulted on its bonds, and
a receiver was appointed November, 1875.
The Atlantic A Pacific road
and lands were sold in foreclosure Sept. 8,1876, and the St Louis A
San Francisco became possessor of the property.
On January 31, 1880, an agreement was entered into with the
Atchison Topeka A Santa Fe for construction of a through line to the
Pacific coast on the parallel from Albuquerque to San Francisco. The
road was to cost $25,000,000, and to be built under the old charter
of the Atlantic & Pacific Railway.
At the annual meeting of the stockholders of the St. L. & S. F. Co. in
March, 1884, the following directors were elected for the ensuing year ;
C. P. Huntington, Leland Stanford, Jay Gould, Russell Sage, Jesse Seligman, E. F. Wiuslow, J. D. Fish, W. S. Buckley, Horaee Porter and A. 8.
Dividends have been paid on first
at 7 per
preferred stock in 1881 and since
cent per aunum.
The range of the stocks yearly since 1877 has been: First preferred in
1878 (4 months), 5122)11%; in 1879, 9%®78^; in 1880, 60®100; in
1881. 90®115i2; in 1882, 79%®106L2; in 1883, 87®lOO^; in 1884r
70®9612; in 1885 to Feb. 20, 80i2®87i2.
Second preferred in 1873,
in 1879,
in 1880, 33^
65; in 1881, 55@8Li4; in 1882, 43@6
in 1883, 40tf>59is; in 1884,.
24^2)50; in 1885 to Feb. 20, 35*22)39%.
Common in 1378 (3 months),
in 1879, 3!q2>53; in 1880, 25*4
®48; in 1881, 392)55; in 1882, 31 a> 4678; in 1883. 20kya>36i4; In 1884,
Ili2 2)29i2; in 1885 to Feb. 20. 182>20%.
The interest on bonds “B” and “C” was 5 till 1884 and 6 after¬
ward. The trust bonds of 1880 are secured by deposit of 7 per cent
mortgage bonds of the St. Louis Arkansas & Texas RR. and Joplin RR.
general mortgage of 1881 (supplemented by that of June, 1832,
changing the rate of interest to 6 per cent) for $30,000,000 is made to
the united States Trust Company as trustee, and $17,261,000 reserved
to take up all prior debt.
Lands.—The South Pacific Railroad had a grant of landB by act of
Congress June 10, 1852, of 1,161,205 acres. The Atlantic A Pacific
received about 507,000 acres of land.
The South Pacific lands
showed 162,652 acres on hand January 1,1884. Atlantic & Pacific lands
showed 1,631 acres on hand at same date, and for these lands
(A. A P.) the second mortgage bonds, class B, are receivable in pay¬
The
ment.
The land
department assets are estimated
1881.
Lands
'
Town lots
Contracts
Cash balances
as follows:
1882.
$1,749,455
$891,961
44,720
545,925
177,409
563,307
469,052
95,050
1883
$246,425
73,650
464,436
185,620
$2,517,509 $2,019,371
$970,131
Operations, Finances, Ac.—The St. Louis A San Francisco has been
one of the successful reorganized railroads of the Southwest, and has
made
good progress in traffic and income, without very heavily increas¬
ing its annual interest charges. The relations with the present Atlantic
& Pacific Co., as a part-owner of its stock, are somewhat complicated,
but the actual obligations of that company for interest on its mortgage
bonds are provided for by a joint traffic guarantee.
The St. LouisA San Francisco annual report for 1883 (Chronicle. V.
38. p. 330) hadtne following:
*
1830.
Miles
operated
598
,
18S1.
1882.
1883.
661
725
776
OPERATIONS AND FISCAL RE8ULTS.
Operations—
1880.
1881.
1882.
1883.
Passengers carried...
181,744
293,228
348,811
428,987
Passenger mileage... 11,886.382 18,529,140 20,148,500 25,872,527
Rate per pass. p. mile
3-57 cts.
3 59 cts.
3*68 cts.
3*26 cts.
Freight (tons )moved.
636,686
683,544
753,573
784,735
Freight (tons) miles.. 109,178,009 123,867,774 137,334,335 162,384,768
Av. rate per ton p. m.
1*99 cts.
l-89 cts.
1*93 cts.
1*72 cts.
$
$
Earnings—
$
$
Passenger
424,102
665,331
741.388
842,266
Freight
;
2,180,333
2,342,610
2,648,383
2,793,503
Mail, express, Ac...,
93,936
152,582
182,469
260,796
Total
Operating
Net
expenses.
earnings
2,698,371
3,160,523
3,572,240
3,896,565
1,506,169
1,617,966
1,625,781
1,823,128
1,192,202
.1,542.557
1,946,459
2,073,437
INCOME ACCOUNT.
Receipts—
$
Net earnings
Other receipts
1,192,202
25,598
705,950
101,254
157,500
Jlyisbti vse
Interest and sink. fd.
Int. accrued, not due.
Divs. on 1st pf. stock.
Rate of dividends....
Miscellaneous
3^
105,022
$
$
1,542,557
50,648
1,946,459
56,857
2,073,437
24,376
821,492
109,865
1,071,815
49,026
315,000
1,303,579
11,004
315,000
$
315,009
7
162,575
7
63,913
7
39,857
1,499,754
1,669,440
1,069,726
1,408,932
503,562
148,074
184,273
428,373
—(V. 38, p. 31, 313, 330; V. 39, p. 554; V. 40, p. 214.)
St. Lonls Vandalla Sc Terre Haute,—Owns from East 8t
Louis to Indiana State line, 158 miles. Road opened July 1, 1870.
It is leased to the Terre Ha^te A Indianapolis Railroad at a rental
of 30 per cent of gross earnings. For the year ending October 31, 1884,
the net income was $447,092, and the year’s charges against this sum
were $362,083; leaving a surplus for the fiscal year of $85,009.
In
Hatch, of New York; W. L. Frost, of Boston, and C. W. Rogers and R. operating this road the loss-to lessee has been in 1880-81, $281,080;
8. Hayes, of St. Louis.
in
1881-82, $70,272; in 18S2-83, $115,399; in 1883-81, $71,549. The
Stocks and Bonds.—The first preferred stock has prior right to 7 per annual report for 1883-84 was published in the Chronicle, V. 40, p.
cent (uon-eumulative) ; then pref. entitled to 7 per cent; then common
150. The first mortgage and $1,000,000 of second mortgage bonds are
entitled to 7; then all classes share in any surplus.
The 1st pref. guar, by the lessees ami also by the Pitts. Cin. A St. L. KR. The stock is
also by the terms of a resolution of the board of directors (ex
$2,383,016 com. and $1,544,700 pref. The prei. was issued for income
pressed iu the certificates) had a precedence for income over any mort¬ bonds ($1,000,000) and for deficiencies made up by the lessees. Thos. D.
gages made subsequent to the creation of said stocks.
Mtssler, Pres., Pittsburg, Pa. Operations and earn’s for four years,were:
Total disbursem’ts.
Balance, surplus
Subscribers will confer a
180-342
For
great favor by giving immediate
explanation of column headings,
on first page of tables.
Date
Miles
of
of
Road. Bonds
&c., see notes
gold,guar.($3.000,000)
St. Paula \o.Pae.—Stock ($10,000,00j authorized)
•General mort.. gold, Id. gr., skg. fd., coup, or reg..
Western RR., Mum., 1st mortgage, RR...
Sandusky Mansfield <t Newark^-Re-organized stock
1st mortgage, new
San Francisco <£ North Pacific—Stock
Savannah Florida dk West— Consolidated 1st mort.
Florida, 1st mortgage
6012
116
116
93
286
58
58
60
14ifi
& H_.
19
98'
98
124
Schuylkill Valley—Stock
Scioto Valley—1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
General consol, mortgage
(for $7,500,000)
Equipment bonds
Seaboard a Roanoke—Stock ($244,800 is pref.)
Shamokin Sunbury dk Lewisburg—1st mort., coup.
2d
80
31
mortgage
29
28
Shamokin Valley a Pottsville—Stock
1st mortgage, gold, on road and lands
Years.
Miles.
158
158
158
158
..
..
..
..
Pass.
Mile.
Freight (ton)
107,089*535
19,161,449
18,311,812
18,535,282
18,741.460
115,982,845
111,810,481
104,209,720
—(V. 38, p. 62, 176; V. 40, p.
[Vou. XL.
discovered In these Tables.
Bonds—Prlnoi
notice of any error
Amount
Par
Value.
Outstanding
1,000
1881
1884
1,000
■
100
1,000
1862
1879
1879
1880
1883
100 &c.
1,000
1,000
1,000
1882
1,000
1883
1877
1,000
50
1869
5,000,000
439,000
1,074,832
1,000
2,300,000
500 &c.
3,750,000
1,780,500
464,000
1867
1869
1869
1871
1874
800,800
1,000
1,000
1,000
1,000
100 &c.
Gross
1876
1879
1880
1883
50
500 <fcc.
1,000
1,000
553.000
1,000
(?)
92,000
1,302300
1,000,000
500,000
869,450
ioo
1882
1884
.
„
1871
1,000
1,000
50
500 &e.
Eam’gs.
$188,574
1,596,126
1,70J,954
1,490,307
375,543
When
J~
J.
5
6
F. & A.
J. & J.
&
pal, When Due
Payable, and by
Whom.
Payable
3^2
N.
Stocks—Last
Dividend.
lj 1885
Y., Fourth Nat. Bk.
N.Y., Central Trust Co. Aug. 1, 1931
Jan. 1, 1894
do
do
Feb. 2, 1885
N.Y., 63 William St.
Q.—F.
7
7
6
6
6
6
Where
g.
g.
g.
g.
g-
1^
6 g.
7
3
7
J.
J.
A.
M.
J.
J.
&
&
&
&
&
&
do
do
J.
J. New York and London.
do
do
O.
N. Y., 63 William St.
N.
do
do
J.
do
do
J.
1892
1909
Oct. 1, 1909
Nov. 1, 1910
July l, 1933
July 1, 1922
Q.-J. N.Y., Winslow, L. <fe Co. Jan. 15, 1885
Feb. 1, 1923
do
do
F. & A.
do
do
May 3, 1907
M. & N.
IstN. Bk., Sandusky, O. Feb. 1, 1884
July, 1902
J. & J. N. Y.. Union Trust Co.
....
>
7
7
7
7
6
2*fi
7
7
7
6
7
5
5
6
3
7 g.
J.
M.
M.
J.
M.
J.
J.
A.
J.
M.
M.
&
&
&
&
&
&
&
&
&
&
&
M. &
M. &
F. &
F. &
J. &
J.
N.
N.
J.
8.
J.
J.
0.
J.
S.
N.
N.
N.
A.
July, 1897
1
....
.
New York, H. B. Plant.
do
do
Savannah, Cent. RR.Bk
Del. & Hud. Canal Co.
Philadelphia, Office.
Y., Lloyd <fc McKean.
do
do
N.
.
do
do
do
do
-
May 1, 1899
May 1, 1899
July 1,. 1891
Sept. 1, 1924
Jan. 15, 1885
Jan.
1, 1896
April 1, 1894
July 1. 1910
Sept. 1, 1922
N.Y., Winslow, L & Co.
Balt.,F inn.&Plant. Bk.
Phila., Phil. & Read.RR.
A.
J.
do
do
Philadelphia,Treasurer.
do
do
Nov, 1, 1884
May 1, 1912
Feb. 1, 1924
Feb., 1885
July,
1901
in operation, and over it now passes
Pacitio Railroad to ana from Minneapolis and St. Paul. The terminal improvements at Minneapolis are
located upon a plot of 20 acres iu the business centre of the city, and
the property of the company for similar purposes in and about Minne¬
apolis and St. Paul comprises a total of 490 acres. The land grant of
the company is located along the line of the road between Brainerd and
Sauk Rapids, and about 220,000 acres remain unsold. The road, with
its terminal property, is leased for 999 years to the Northern Pacific.
The contract provides that the Northern Pacific shall pay a net rental
equal to 40 p. o. of the gross receipts, which it guarantees shall never
be less than the interest upon the bonds, and it also guarantees to pay
the principal of the latter at maturity. The general mortgage is for
$10,000,000, and is a first lien on the whole property, excepting that
it is second to the Western Minn, mortgage on 60*2 miles and on part of
the lands : the registered interest is payable quarterly—February, May,
Au<r. and Nov.; onlp $5,000,090 have yet been issued, and enough of
the issue is reserved to retire the Western Minnesota bonds in above
table. Since the opening of the line (in 1877) regular cash dividends
have been paid, averaging over 6 per cent per annum. (V. 39, p, 49,545.)
Sandusky Mansfield Sc Newark.—Owns from Sandusky, O., to
Newark, O., 116 miles.
A consolidation of several roads in 1856.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
& Ohio, and new lease made February 23,1880, extending to December
1,1926, with option to the Balt. & Ohio Company to renew for terms
of 20 years each. Rental is $194,350 yearly till 1884; then $199,350
for 1884 and 1885; then $201,850 annually. It is operated as Lake
Erie division of the Baltimore & Ohio system.
In 1880-81, gross
earnings were $899,751; net, $112,373; in 1881-82, gross, $940,769;
net, $234,701; in 1882-83, gross, $999,128 ; net, $291,781.
San Francisco Sc North Pacific.—Owns from Donahue, Cal.,
to Cioverdale, Cal., 56 miles; branches—from Fulton, Cal., to Guerneville, Cal., 16 miles; and San Rafael to Petaluma, 21 miles; total
93 miles. This is a consolidation of several companies. Earnings were:
In 1883, gross, $538,821; net, $263,296. In 1882, gross, $505,771;
Brainerd to Minneapolis has been
the entire traffic of the Northern
408,566
442,218
SJ. Paul Sc Duluth,—Line of Road.—St. Paul, Minn., to Duluth,
branch to Knife Falls, 7 miles; leased: Stillwater &
Minn., 155 miles;
fit. Paul RR., 13 miles; Minneapolis & Duluth RR., 12 miles; Taylor’s
Falls* Lake Superior, 21 miles; Grantsburg Branch, 17 miles; total,
225 miles. Between Northern Pacific Junction and Duluth, 24 miles,
*he road is owned jointly with the Northern Pacific.
This was the Lake Superior & Mississippi RR., opened August 1,
1870, and leased to the Northern Paciflo. Default was made Jan. 1,1875,
«nd road sold in foreclosure May 1,1877, and this company organized
June 27. The preferred stock is received in payment for lands at par.
Three shares of common stock have one vote and each share of pre¬
ferred has one vote. Preferred stock has a prior right to 7 per cent from
u
income from all sources, including laud sales;” then common to receive
purchase of pref. stock.
6 p. c.; then remainder of income to be applied to
The net income from 1878 having been spent on improvements, it
was determined to issue 10 per cent of new preferred stock to the pre¬
ferred stockholders of record Nov. 1,1881, payable Nov. 14, to repre¬
sent the cash so spent in improvements, and the Aug. 1. 1S84,
dend was paid in preferred stock, increasing the stock to
but resolutions passed to apply income thereafter to cash dividends,
fiee income statement V. 39, p. 183 ; V. 39. p. 72. 183.
The company has a land grant, of which 1,172,356 acres
unsold Jan. 1, 1885. In 1884 gross earnings, $1,317,315; net, $398,092.
In 1883 the report in the Chronicle, Y. 38, p. 177, showed gross
divi¬
$5,237,570.
remained
railroad, $365,548, from lands,
183.)
2,000.000
Rate per
Cent.
since ’77 from Brainerd, 60
miles south to Sauk Rapids. Iu '83 it was
put under construction, 66^3 miles, from Sauk Rapids to Minneapolis,
and completed July 1, 1884, since whioh date the mai l line from
Net
Earnings.
$1,565,515
f220,238,
wired stock,
total,
$585,787;
paid, $94,362;
interest
$350,731;
balance,
(V. 38, p.
$140,693.
200,000
500,000
500,000
576,050
1,294,000
283,000
150.)
earnings $1,328,527; net income from
$5,376,970
4,055,407
1,000,000
210,000
20,000,000
366,000
5,350,000
8,000,000
5,676,000
11,976,000
2,150,000
•
do
do
2d mortgage
Savannah OrifilndN.Ala.—1st mortgage
Schenectady & Duanesburg—1st M., guar. D.
152
Size, or
$-...
225
St. Paul dc Duluth— Preferred 7 p. c. stock & scrip.
225
Common stock
169
1st mort. bonds, coup, or reg
21
Taylor's Falls & Lake Sup.. 1st mort., cp.,guar —
1,350
Paul
Minneapolis
<6
Manitooa—Stock
St.
76
2d M.t and 3 ston road from St. Paul to Watab —
656
1st-mort. land grant sinking fund, gold
656
2d mort.. gold
413
Dak.Ext., 1st mort., gold ($12,000 per mile)
■Consoi mort., gold (for $50,000,000), coup, or reg. 1,391
South Georgia &
BONDS.
INTEREST OR DIVIDENDS
DESCRIPTION.
Minneap. Un. RR., 1st M.,
AND
STOCKS
RAILROAD
76
dividend on pre¬
177; V.39, p. 72,
St. Paul Minneapolis Sc Manitoba—(See Map).—Owns from St,
Paul to Fergus Falls, 186 miles; Osseo Junction to St. Cloud, 63 miles;
fit. Cioud to Hinckley, 66 miles; Sauk Centre to Eagle Bend, 36 miles;
East Minneapolis to Breckenridge, 204 miles; Breckenridge to Portland.
net, $222,987.
Savannah Florida Sc Western.—Owns from Savannah, Ga., to
Chattahoochee, Fig,., 258 miles; branches—Bainbridge Junction to Bain-
Hope, 30 miles;
St. Vincent, 202
miles; Breckenridge Junction to Grand Fork’s Junction, 126 niles; Grand bridge, 8 miles; extension to Savannah wharves, 2 miles; Junction
Branch, 4 miles; Dupont to Live Oak, Fla., 48 miles; Live Oak to
Forks to Bouudary, 81 miles; Crookston Junction to Devil’s Lake, 113
total, 404
miles; Fergus Falls to Pelican Rapids, 22 miles; Shirley to St. Hilaire, 22 Branford, 24 miles: Thomasville to Live Oak, 58 miles;
miles. Also from Waycross to Jacksonville, under separate organiza¬
miles; Moorhead Junction to Halstad, 34 miles; other small blanches,
tions, 75 miles. This was a consolidation in 1865 of the Savannah
18 miles; total operated, 1,397miles.
This company was organized May 23, 1879, under the charter Albany & Gulf Railroad and the Atlantic & Gulf under the latter
of the St. Paul & Pacific Railroad, and embraced the St. Paul & Pacific name. The Atlantto & Gulf road was sold iu foreclosure of the second
Railroad, the First Division of the St. Paul & Pacific Railroad, the Red mortgage on November 4, 1879, subject to the consolidated mort¬
River Valley Railroad, and the Red River <fe Manitoba Railroad. The gage and other prior liens amounting to about $2,705,000. The old
sectional mortgages yet amount to about out $260,500. The present
company took 2,000,000, acres of land as successor to the roads above
has a capital stock of $2,331,800, which is held in very few
named, which were foreclosed. The proceeds of land sales are reserved companv
hands and dividends are paid as earned. The earnings in 1883 were
by the first mortgage trustees as a sinking fund for the redemption of
the bonds at or under 105 and interest, and bonds are called iu yearly $2,159,823 gross and $381,779 net. In 1882 gross earnings, $1,675,<eo far as the funds are in hand.
The second mortgage bonds do not 817; net, $358,762. H. B.'Plant. President, New York. (V. 38, p. 619.
Savannah Griffin Sc North Alabama. Owns from Gritfin,
«over the land.
The land sales for year ending June 30, 1884, were
iB3,907 acres, for $460,982, and the total cash receipts $581,299. The Ga., to Carrollton, Ga., 60 miles. Operated in connection with Central
met amount due on land contracts June 30,1884, was $1,059,141; lands Railroad of Georgia. Capital stock, $1,011,295. In 1883-84 gross earn¬
unsold. 2,335,111 acres.
ings $61,989; net, $16,179.
The Dakota Extension bonds are issued at $12,000 per mile. The
Schenectady Sc Duanesburip.—From Quaker Street Junotion,
consolidated mortgage bonds of 1883 were issued to stockholders of N. Y., lo Schenectady, N. Y., 14 miles. Formerly Schenectady & Sus¬
May 1,1883, to the extent of one half their holdings on the payment quehanna Railroad, and was foreclosed in 1873; reorganized and leased
of 10 per cent of the bonds in cash.
The authorized amount or con in perpetuity to the Delaware & Hudson Canal Company. Lease rental,
«olidated mortgage is $50,000,000, of whioh $19,426,000 is reserved to $30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
pay prior liens, and the balance may be issued for new road at $15,000
Schuylkill Valley.—Owns from Palo Alto to Reevesdale, Pa.,
per mile single track or $27,000 per mile double traok.
The Minneapolis
Union RR. is a connecting road for other roads from the stock yards at 11 miles; branches, 8; total, 19 miles. It is an old road, and was leased
to the Phila. & Reading RR. from Sept. 1, 1861, at an annual rental
fit. Paul to Minneapolis, and its stock is $1,000,000.
The annual report for year ending June 30, 1884, was in V. 39, p. 323. of 5 per cent on the stock. Operations are included in the Philadelphia
Sc Reading reports. Has no bonded debt.
101 miles; Everest to Mayville, 46 miles; Ripon to
Morris to Brown’s Valley, 47 miles; Fergus Falls to
INCOME ACCOUNT.
Scioto Valley.—Owns from Columbus, O., to the Ohio Riv er oppos1881-82.
1883-84.
1882-83.
ite Ashland, Ky., 132 miles. Enough of the consolidated mo rtgage is
$
$
$
$
1,837,817 3,113,916 4,553,468 4,327,478 i reserved to take up the first and second mortgage bonds. In J uly, 1882,
Revenue from Land Dep’t
418,270 {It was voted to increase tbe stock to $10,000,000, of whioh $ 2,093,350
223,832
860,677
813,945
to Deo., 1883, and issue a general consolidated mortgage, and
Other reoeiflts
34,259
214,434 issued
4,600
92,106
extend the road from Columbus to Fort Wayne, Ind. None of tne con¬
Total inoome
2,066,249 4,008,852 5,459,519 4,960,182 sol, bonds had been issued up to July, 1884. In 1882 gross earnings,
$549,255; net, $137,517. In 1883 gross eamiugs. $553,602; net,
Disbu rsemen ts—
$
1,109,951 1,188,091 1,264,279 1,949,690 $143,696; rental, $12,000; interest on bonds, $155.890; other interest,
interest on debt
975,000 1,724,664 1,6 JO,000 $28,713; deficit for year,, $52,907. Wm. Adams, President, New York.
Dividends
8
8
8
Seaboard dc Roanoke.—Owns from Portsmouth, Va., to Weldon,
Rate of dividend
418,270 N. C., 80 rnfies. Of the stock, $1,058,600 is common, $200,000 is 1st 7
702,864
813,945
fiinklng fund
223,832
381,545 per cent guar., and $44,200 is 2d guar. Net earnings 1880-81, $232,495;
157,812
Miscellaneous
1881-82, $178,587; 1882-83, $186,778.
J. M/Robinson, President,
Total disbursements.. 1,333,783 3,023,767 3,802,888 4,349,505 Baltimore, Md. (V. 38, p. 562.)
610,677
Balance, surplus
732,466
985,085 1,656,631
Shamokin Sunbnry Sc Dewlsbnrg.—Line from Shamokin to
—(V.38, p. 60; V. 39, p. 210, 323, 402.)
West Milton. Pa., with iron bridge over Susquehanna River at Sunbury.
The road was built by Philadelphia & Reading, and opened in 1883 for
fit. Panl& Northern Pacific.—This company was incorporated in
its coal traffic northward. Stock, $1,000,000.
1880-81.
Receipts Net earnings
lfi74
as
the Western RR, Co. of Minnesota, and
.
has been in operation
N
ft*
PASOTNNODCKS
RAILOD
m
oo
00
■8
p
STOCKS
KA1LK0AD
78
Subscribers will confer a great favor by giving
DESCRIPTION.
For
explanation of column headings. Ac., see notes
on first page of tables.
Shenandoah Talley— 1st mortgage
General mort., gold
3d mortgage
—
income bonds, registered, non cuiu..
Shenanyo & Alleghany—1st mortgage
West Pennsylvania A Slienango, 1st mortgage...
Shore Line (Conn.) -Stock
1st mortgage
Sodus Bay & Southern.—1st mortgage, gold
Somerset—1st mortgage, gold
South Carolina—Slock
1st mortgage, sterling loan
1st mortgage, dollar bonds (L)
1st consol mortgage (for $5,000,000)
2d consol, mortgage
281
Income mortgage bonds (not cumulative)
So. <& No. Alabama— 1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. A N
2d mortgage bonds (owned by L. AN.)...
South Pacific Coast—Stock
South Pennsylvania— Stock
1880
1881
1883
1869
50
50
1.880
242
181
183
(for $15,000,000)
..
..
mort.,gold,land gr., cp. or reg.
Monterey, 1st mortgage
Southern Pacific of N. Mexico—Mort., coup, or reg..
Southwestern r Oaf—Stock, guarant’d 7 per annum
J. A
A. A
Fob.
A. A
3^
4ia
J. A J. N.
M. A S.
500,000
450,000
4,204,160
461,197
5
7 g.
J.
5
5 g.
6
J.
J.
m
m
.
ioo
100
Various
500
....
S
442,000
1,000
1,000
1,000
4,275,000
1,130,000
1,000
391,000
£200
4.872.310
6
6
6
8 g.
6 g.
6
2.538.000
2,OuO,000
1,000,000
....
:
J. Philadelphia A London.
O. Philadelphia and N. Y.
1
Philadelphia, Office.
O. N. Y., N.Bk. of Com’rce.
1,000,000
200,000
m
pal, When Due.
Payable, and by
Whom.
100
lOOOAc.
24
114
114
175
149
18
42
384
955
15
167
321
•
•
•
•
•
•
H., Nat. N. H. Bank.
do
do
Stocks—Last
Dividend.
Jan.
1, 1909
Apiil 1, 1921
Jan. 1, 1923
1889 & 1907
Jan.
5, 1885
March, 1910
1925
....
A J.
July, 1891
Feb. 1, 1883
A
A
A. A
J. A
J.
London.
J. N. Y., Nat. Citv Bank.
0. N.Y., H.TalmadgeA Co.
do
J.
do
do
do
YearlyJ. A J. N. Y., Drexel, M. A Co.
M. A N. London, Baring Bros.
1884
1884
Oct.
Jan.
Jan.
Jan.
to 1838
to 1888
1, 1920
1, 1931
1.
1931
1, 1890
May 1, 1903
1910
....
—
....
i8 69
1,000
1882
1879
200 Ac.
500 Ac.
1880
1,000
1,000
1,000
1880
1880
’79-’80
’75-’82
1880
1881
....
230,000
50o,000
500.000
9,604,000
33,650,000
250,000
4,180,000
5,049,300
100
exceeding par and
aie
to that extent will
In any year prior to October 1, 1888, this fund maybe applied
to the purchase of coupons if the earnings are insufficient to pay
interest. The stook is $3,696,200, of which $3,057,100 is held by the
Norfolk A West. RR. Co. The statistics in Nor. A W. report V. 38, p 385,
•howed for the Shenandoah road in 1883 gross earnings, $854,415; net.
$192,257; interest charges, $375,905; deficit, $183,648, for which ad¬
vances were made by the Norf. & West.
In 1884 gross earnings were
$742,371. against $854,415 ; net, $129,356, against $192,257. (V. 38,
p. 295, 541, 647; V. 39, p. 49, 382, 494, 655; V. 40, p. 183.)
Shenango & Alleghany.—Owns from Greenville to Hilliard, Pa.
47 miles; branches, lo miles; total operated, 57 miles. Leases the West
Pennsylvania A Shenango connecting road, extending from this line to
Butler, 24 miles, under construction in 1883. The company made
default in 1879, but the October coupons were paid Feb. 21,1880. Road
now in hands of receiver.
Stock, $200,000. Gross earnings in 1883,
$192,30-'; net. $73,401
Gross 1882, $171,176; net, $73,855. A. H.
Steele, President. Titusville, Pa. (V. 38, p. 350.)
Shore Line (Conn.)—Line of road, New Haven, Conn., to New
London, Conn., 50 miles. Leased to New York & New Haven RR. Co. in
lapse.
Chartered as New
RR.; sold in foreclosure and reorganized under
present title June 29, 1864. Dividends 3^ in Jan. and 4 in July. Opera¬
tions and earnings are included in the reports of the lessee.
Somerset.—Oakland, Me., to Anson, Me., 25 miles. Capital stock,
$379,o50. In September, 1883, the bondholders took possession and pre¬
pared to reorganize the company. Gross earnings in 1883-84, $31,162 ;
net, $4,175. Gr. ss in 1882-83, $25,996 ; net, $1,660.
Sodus Bay & Southern.—(V. 39, p. 734; V. 40, p. 153.)
South Carolina.—Owns from Charleston to Augusta, S. C., 137 m.:
branches to Columbia, 68 in., and to Camden, 38 in.; total main line and
branches, 243 m. Default was made and the road sold in foreclosure July
28. ’81, and the company was reorganized with stock and bonds as above.
The company held in its treasury, Oct., 1884, $^00,000 2d consoli¬
dated bonds and $462 OuO incQines.
The annual report was in the
Chronicle, V. 33, p. 17(>.
The fixed charges were $373,754, and 3 per
cent paid on income bonds, $76,140. Earnings for three years past were:
Net Earn’g8.
Gross Earnings.
Years.
Miles.
243
$1,233,901
$500,951
243
1,313,820
501,190
243
1,326,969
432,840
—(V. 38, p. 176.)
South A North Alabama.—Owns from Decatur, Ala., to Mont¬
gomery, Ala., 182 miles, with a branch of 6 miles from Elmore to
Wetuiupka. The road is controlled by the Louisville A Nashville RR.
Company, which owns a majority of the stock and all of the second mort¬
gage bonds, $2,000,000, due 1910, which are pledged with the Union
Trust Co. as security for the L. & N. bonds, dated June 1,1880.
500,000
acres of land in Alabama, largely mineral, nave been transferred to the
Louisville & Nasi.vilie Co. Common stock, $1,469,082 ; preferred stock,
$2,000,000. In 1883-84 gross earnings were $1,643,562; net, $558,170;
interest and taxes, $561,264; deficit, $3,094; due Louisville A Nashville
(Narrow-gauge).—Owns from Newurk to
Junction (Felton), Cal, 45 m.; leased -San Antonio creek to Newark. 25
m.; Felton to Santa Cruz, 6 m.; total, 76 m.
There are no bonds, but in
Gross
2,940,000
1,000
1,000
fund, first, of the principal of $200,000 Shenaudoah Valley’s general
mortgage bonds at par, aud afterwards for the purchase of general mort-
Jan., 1884, there was debt due the treasurer of $1,791 322.
90,000
2,832,600
1,715,000
1,000
500 Ac.
for exchange of business was made in 1883, by which the Pennsylvania
and the Cumberland Valley RR. companies agreed to lay by 20 per cent
of the gross receipts from business with the Shenandoah Valley till Oct.
1,1885, »5 per cent for five years succeeding that date, and 10 per
cent for the five years following, for the purchase to the extent of the
perpetuity Nov. 1, 1870, at $100,000 net per annum.
’
625,000
1882-83, $500,688: net, $300,847. Geo. B. Roberts, President, Phila.
Shenandoah Valley,—(See Map of Norfolk & West.)—From Hagers¬
town, Aid., to WaynesDoro and thence to a connection with the Nor¬
folk <Sr Western road at Roanoke, 239 miles and branches 15 miles. A
close contract for working and an exchange of stock for Norfolk A
Western stock has been made; also a contract with Pennsylvania RR.
Sage
iterest:
bondsif bonds
outstanding,
the market
not
notatfurnished
then rate,
the fund
\ •/
•
Chronicle with the reports of the Northern Cent. RR. Gross earnings for
RR. Co.. $1,565,967.
South Pacific Coast
Where
1,200,000
Shamokln Valley & Pottsville.—Line* of road, Sunbury, Pa., to
Mt. Carmel, Pa., 27 miles; branch to Lancaster Colliery, 2 miles total 29
miles. The road was leased February 27,1863, to the Northern Central
Railway Company, with a guarantee of interest on the bonds and 6 per
cent per annum on the stock. The yearly reports will be found in the
Haven & New London
When
Payable
500 Ac.
$2,270,000
4,055,000
1,590.000
.
76
Rate per
Cent.
7 g.
6 g6
7
1868
1868
1881
1881
1881
1870
1873
.
Pennsylvania—1st mortgage, gold
Southern Cent. (N.l .)—1st mortgage bonds
New consol, mort. (for $3,400,0o0) convertible...
Southern Kansas—K. C. Law. & So., 1st mortgage
Southern Kansas & Western—1st mortgage
Sumner County RR.—1st mortgage
Ottawa & Burlington RR.—lstmortg., guar
Southern Maryland— 1st mortgage, gold
Southern Pac. of Arizona— 1st mort., gold,op. or reg.
.
Outstanding
1,000
1,000
1871
Bonds— Princi¬
INTEREST OR DIVIDENDS.
Amount
$1,000
....
25
243
242
242
rvoL. xl.
Immediate notice of any error discovered In tbese Tables.
Date Size, or
of
Par
Bonds Value.
254
254
254
57
BONDS.
(Cl\
South
South. Pac. (Cal.)— 1st
Miles
of
Road.
AND
earn¬
7‘g. M.’&S.
7
5
6
7
7
6
6
0
6
5
6
Mar.
F. A A.
N Y., Vermilye A Co
F. A A.
do
do
A. A O. Boston, Nat. Union Bk.
do
J. A J.
do
do
M. A S.
do
A. & O.
gggg-
31*
Southern Central
1. 1900
Aug. 1, 1889
Feb. 1, 1922
Apr. 1, 1909
Jan. 1,
1910
Sept. 1, 1910
April 1, 1909
....
J.
A J.
New York City.
Mar., 1909-10
N. Y., Mills Building. 1905-6 A 1912
do
A. A O.
do
April 1, 1900
J. A J. N. Y., Company’s Office Jan. 1, 1911
J. A D. Savannah,Cent.RR. Bk. Dec. 24,1884
A. A 0.
(N. Y.)—Owns from Fairhaven, N.Y., to Penn¬
sylvania State Line, 114 miles. Leases the Ithaca Auburn & Western,
Freeville to Auburn, 38 miles; State Line to Sayre, 2 miles. Total
operated, 154 miles. Road forms an extension to Lake Ontario for the
Lehigh Valley Railroad, in the interest of which company it is con¬
trolled. A readjustment of funded debt was made in 1882 on the present
basis. The new 5s are convertible into stock at option of holders within
ten years, and $100,000 are held Intrust to retire the prior bonds due in
1899. Capital stock paid in is $1,790,23 v. Iu 1881-82, gross earnings
£ere $542,310; net, $192,143; in 1882-83, gross, $511,900; net, $230,579.
(V.40, p. 153.)
Southern Kansas.—Owns from Lawrence, Kan., to Coffeyville
(Indian Ter. Line), 144 miles ; branches—Ottawa Junction to Olathe,
32 miles; Olathe to Waseca, 14 miles; Cherry vale to Harper Kan.,
149 miles ; Wellington, Kan., to Hunnewell, Kan., 18 miles; Ottawa &
Burlington RR., 42 miles; total operated, 398 miles. During 1884
the K. C. A Emporia RR—Emporia to Ottawa 56 miles, aud Knnsas
Southern RR., Girard to Chanute, 40 miles, were built by A. T. A 8. F.,
and operated by this company under lease. Tue Southern Kansas
Railway is a consolidation of the Kansas City Lawrence & South¬
Kansas Railroad, the Kansas City A Olathe Railroad and the
Ottawa & Burlington RR. The Kan. City Lawrence & Southern Kan. was
ern
formerly the Leav. Law. & Gal. RR., which was sold in foreclosure Aug.
9, 1878, and purchased by bondholders, and the present company organ¬
ized May, 1879. In November, 1880, the consolidation of the three
roads above named was made, and the consolidated stock of $3,759,000
purchased in the interest of the Atchison Top. A S. Fe with the 5
through its auxiliary corporation, the
(V. 38, p. 31, 295, 479, 678 ; V. 39, p.
47, 157, 263.)
Southern Maryland.—The Southern Maryland RR. was designed to
was
per cent bouds of that company,
Kansas City Topeka & Western.
extend
from
Point Lookout, at the mouth of the Potomac River, to
Washington. Interest was in default and W. W. Scott appointed receiver
See Chronicle, V. 36, p. 445.
Southern Pacific of Arizona.—This is the connecting line of the
South. Pacific of Cal., extending from Yuma to N. Mexico boundary, 384
miles. The stock is $19,995,000. Operated under lease to Central Pac.
tillNov. 1, 1885, at $135 per mile per month. Rental for 1883, $635,355.
Southern Pacific (of California). (See Map.)—Line of Road.—
This road and connections are well shown on tue accompanying map. The
roadiu California isiutwo divisions—the North. Div. from San Francisco,
to Tres Pinos, lOO1^ miles; Caruadero June, to Soledad, 60*2 miles; and
leased line, Castroville June, to Monterey, 15 miles; Santa Cruz RR., 21
total in North. Div., 197 miles;—the South. Div., Huron via Goshen to
Riv., 529 miles; Los Angeles via Wilmington to Sau Pedro, 25
miles; total South. Div., 55 L miles; total South. Pacific in Cal., 749 miles.
At Goshen the Southern Div. meets the San Joaquin Branch of the Cent.
Pac., by which it reaches San Francisco and the main line of Central
Pacific. The line Mojave Junction to Colorado River was contracted
in 1884 in some shape to the Atlantic & Pacific
the traffic to
San Francisco passing* over the Southern Pacific lines and paying
a rental.
The Southern Pacific, at Yuma, connects with its closely
affiliated lines extending to El Paso, and thence over the Galv. Har. &
m.;
Colorado
San Ant. and its connections to Galveston and New Orleans.
Organization, &c.—The Southern Pacific was a consolidation Oct. 12>
1870, of the Southern Pacific, chartered Deo. 2, 1865 ; the San Francisco
A San Jose. Aug. 18, I860; Santa Clara A Pajaro Valley, Jan. 2, 1868,
and California Southern, Jan. 22, 1870. Afterwards the Southern Pacific
Branch RR. (chartered Dec 23, 1872.) and the Los Angeles A San Pedro
(chartered Feb. 18,186^) were absorbed. The Central Pacific RR. leased
the southern division of this road for a period of five years from Jan.,
1880, at a rental of $250 a month or $3,000 a year, per mile. In 1884
it was leported that this lease was renewed for ten years at a rental
sufficient to pay fixed charges on the bouds. In August, 1884, sold or
contracted 242 miles of road to the Allantic & Pacific, extending from
the western terminus of the A. & P. to Mojave; and right of way over
tlio balance of the line to San Francisco is secured at a fixed rental.
Stock
and
Bonds.—The authorized stock is $90,000,000, of which
t44,039,100
ireetors. The
liasbouds
been above
issued and is series
supposed
by theA
A, B,to
C,be
D held
and mostly
E, of which
are
m
includes $15,000,000 and B, C, D and E each $5,000,000; there are
also two other series, F of $5,000,000 and G of $6,000,000 for new con¬
struction as required. The series A, B, C and D mature in 1905-6, the
series E in 1912. Over $5,000,000 of these bonds are held in the Central
Pacific sinking funds. The bonds are a mortgage on the lands, and aa
proceeds of lands come into tiie hands of the trustees, bonds are pur¬
ings 1883, $711,426 ; net, $197,686. A. E. Davis, Prest., San Francisco. chased, and $1,932,000 have been so retired. There is also a sink¬
ing fund of $100,000 per year.
South Pennsylvania,—This is the title of the company construct
Land Grant.—The land grant is 12,840 acres per mile, and proceeds
ing a railroad in Bern sylvania as a connection of the Phila. & Read, to of sales
go to pay bonds. The total grant is estimated to furnish
Pittsburg. Mr. W. H. Vanderbilt is supposed to be very heavily inter¬
10,445,227 acres,but a large proportion of the lands are barren and
ested in it. See V. 39. p. 209.
useless for agricultural purposes without irrigation. In 1883 the sales
South Pennsylvania Railway A mining Co.—South Pcnusyl
vania Jmiction to Richmond, Pa., 21 miles, with a branch from Rich¬ were 83.565 acres for $361,278; total acres sold t<* Dec. 31, 18->3, 688,mond to Ore Banks,
miles. Leased for 199 years from March 1. 1870, 6')4 for $3,006,964, leaving 9,^05,227 acres unsold Dec. 31, i883.
to Cumberland Valley Railroad Company. Road originally organized
Operations, Finances, Ac.—The Southern Pacific of California, with
under the name of Southern Pennsylvania Iron & Railroad Company, it* connecting lines, forms a route from Sau Francisco to
New
hut was sold by foreclosure of second mortgage December, 1872, aud Orleans. Owning the Morgan RR. and Steamship Co., this line has
a traffic from New York and other Atlantic cities direct to Caiilornia.
reorganized under present name, Capita,! stock- $800,000,
BASOTNNODCSK.
RAILOD
Subscribers will confer a great favor by giving
explanation of column headings, &c., see notes
on first page of tables.
Miles
Date
of
of
Road. Bonds
44
Southwest Pennsylvania—Stock
1st mortgage
6
24
13
Spuyten Duyvil dk Port Morris—Stock
M., conv. (red’ble aft.'88)
Staten Island—1st mortgage
.•
Sterling Mountain (N.Y.)—1st mort., income, guar.
7^
45
20
20
43
43
mort., (guar, by 0. P.)
Sunbury Hazleton <& Wilkesbarre—1st mortgage
2d mortgage
Sunbury dk Lewistown— 1st mortgage
43^
23
23
81
81
81
43
57
Suspension Bridge dk Erie Junction—Stock
1st mortgage
Syracuse Binghampton dk N. Y.—Stock
2d mortgage (now
,
first)
Consol, mortgage (guar. D. L. & W.)
Syracuse Chenango dk New York—Funded debt
Syracuse Geneva dk Coming—1st mortgage
2d
mortgage
Terre Haute dk Indianapolis—Stock
Bonds ot 1873
114
Logansport.—Stock
1st mortgage, guar, by Terre Haute & Ind’napolis
Texas Central—1st mortgage, gold
Mortgage, gold (2d on 143 miles)
General mortgage, $25,000 per mile
Texas-Mexican—1st mortgage, gold ($15,000 p. m.).
116
93
143
84
'74—1st
165
105
104
mortg. land gr., coup
8abine Division, 1st mortgage, gold
Texas dk Pacific—Stock
1st mortgage, gold, coup. (E.
2d mort., consol., gold, coup.
1,391
524
524
Div.)
(E. Div.)
Size,
or
Par
Value.
1875
500 &c.
50
1874
1878
1878
1876
500
10O
500,000
1,000,000
2,500,000
1,000
270,000
1,000
1,000
1,750,000
261,400
942,400
600,000
1,988,150
1,600,000
500,000
500,000
2,145,000
1,254,000
(?)
2,500,000
1,620,000
1,000
2,075,000
1,000
32,161,900
3,874,000
1,000
9,226,000
1,000
50 &c.
'
50
1,000
50
1881
1884
1881
1875
1882
1875
1875
1,000
1,000
1,000
1,000
1,000
1884 on all divisions were $7,170,000, against $8,393,000
net, $3,110,000, against $4,258,656. Interest payments in
1884, $2,433,300; in 1883, $2,433,300. (See V. 40, p. 208.) The an¬
in 1883;
was
published in August, 1884, in the Chronicle,
Income account was as f< llows:
INCOME ACCOUNT.
1882.
Receipts—
Contract with Wells,
Other sources
Fargo & Co
Redemption of bonds
$642,508
1,666,666
159,000
1883.
$623,642
1,958,197
595,009
43,645
300,000
$3,063,174
$2,925,484
$1,712,435
100,000
323,988
$1,977,624
Disbursements—
Sinking fund
Taxes and street assessments.
Miscellaneous
1.192,000
1,189,000
1,350,000
500,000
.
1879
1879
172,380
100,000
250,479
190,361
$2,308,803
$2,518,464
$407,020
$754,371
V. 40, p. 29, 121, 208.)
Southern Pacific of New Mexico.—Road extends from Ari¬
zona State Line to the Rio Grande at £1 Paso, Texas, 167 miles.
Oper¬
ated under let-.se to Central Pacific till Nov. 1, 1885, at $1,620 per mile
per annum.
Rental in 1882 was $285,638.
Gross earnings were
$789,753, ai.d surplus over expenses and rental, $89,901.
Stock,
$6,888,800.
Southwestern (Ga.)—From Macon, Ga., to Eufaula, 144 miles >
has 177 miles of branches, the main one being from Fort Valley to Col"
umbus, 71 nr .ee.
A lease was made Aug. 1, 1869, to the Central RRof Georgia v kich assumes the liabilities and guarantees 7 per cent on
the stock, but 8 per cent is to be paid if 10 per cent is paid on Central
stock. In Juno, 1881, $32 per share in 6 per cent debt certificates was
declared by Central Georgia Railroad.
Southwest Pennsylvania.—Greensburg, Pa., to Fairchance, Pa.,
44 miles. Opened April 1, 1873, and leased to Pennsylvania Railroad,
which operates it at cost, paying net earnings as rental.
In 1884
Interest on
gross earning 3 were $661,651 and net earnings, $259,885.
bonds and 10 per cent on stock were paid out or net earnings of 1883
and 1884.
Spuyten Puyvel Sc Port Morris.—Road is 6 miles in length and
the New York Central & Hudson with the New York & Harlem.
Leased to New York Central November 1, 1871. Rental is 8 per cent on
capital stock of $989,000. Operations are included in lessee’s returns.
State Line Sc Sullivan.—Owns from Monroeton,Pa., to Berenice,
Pa., 25 miles Originally organized as Sullivan .fc Erie Coal & Railroad
Co., whioh was sold in foreclosure Oct. 14, 1874, and a new compan
formed December 2, 1874, under the present name. Stock, $990,OW
(par $50). The mortgage covers 5,000 acres coal lands.. In May, 1884,
this road was leased to the Penn. & N. Y. Canal & RR. Co. for fifty years,
at $36,000 per annum for three years and$40,000 afterwards. (V. 38, p.
510; V. 40. p. 94.)
Staten Island.—Local road on Staten Island, Stapleton to Totten-
connects
5
7
4r
7
7
7
5
3
7
5
6
7
7
7
4,010,350
1,000
1870
1875
1867
1876
1877
1875
1879
Rate per
Cent.
$546,150
962,000
989,000
200,000
300,000
475,674
500,000
■
1,000
1,000
earniug8 in
1883
Outstanding
100. <&c.
The Southern Pacific gave to the Atlantic & Pacific road a traffic guar¬
antee of 25 per cent on earnings from business exchanged with that line,
if necessary, for paymeut of interest on Atlantic & Pacific bonds. Gross
nual report for
V. 39, p. 181.
Amount
1877
1873
1881
1873
Terre Haute dk
Texas dk N. Orleans of
[Vol.XL
immediate notice of any error discovered In these Tables.
$....
1,000
1877
State Line dk Sullivan—1st
Stockton dk Copperopolis— 1st
Summit Branch (Pa.)—Stock
1st mortgage bonds
BONDS.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
AND
STOCKS
BAILROAD
8#
-
2
7
7
7
7
5
3
7
When
Where
Payable, and by
Whom.
Payable
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
M. & S. Phila. and Greensburg.
Sept., 1884
F. & A.
Feb., 1917
Philadelphia Office.
J. & J.
New York.
Jan., 1885
J. & J. N Y., Union Trust Co. Jan. 1, 1899
A. & O. B.Y., Company’s Office. April 1, 1893
New York.
Feb.
July 7. 1895
J. & J. N Y., Central Pacific.
January. 1905
Feb. 16, 1876
F. & A. Phila., 233 8o. 4th St.
do
do
Jan. 1. 1904
J. & J.
M. & N. Philadelphia, Penn. RR. May 1, 1928
do
do
M & N.
May 1, 1938
J. & J. Phila., Guar. T. & D. Co July 1, 1896
.
mm
m
Yearly.
m
J. & J. N. Y. Lake Erie & West.
G.—Mar N.Y., D. L. & W. RR. Co.
do
do
J. & D.
do
do
A. & 0.
F. & A. Syracuse Savings Bank.
M. & N. N.Y.,Farmers’ L.& T.Co.
M. & 8.
F. & A.
A. & O.
N.Y.,Farmers L.& T.Co.
do
do
July 1, 1900
Mar. 1, 1885
June, 1887
Oct.* 1, 1906
Aug. 1, 190?
Nov. 15,1905
Mar. 1, 1909
Feb. 1. 1885
1893
1910
6 g.
J N.Y., Farmers’L.& T.Co.
N N, Y., J. J. Cisco & Son.
do
N
New York Agency.
N.
J
F. & A N. Y.,Cent. P. RR.Office.
do
do
M. & S.
6 g6 g.
M. & S. Phila., N.York &London March
do
do
June
I. & D.
6
7 g.
7 g6
6 g.
7
J.
M.
M.
M.
J.
&
&
&
&
&
....
Nov, 1, 1909
May 1, 1911
Nov. 1,
1934
July 1, 1921
Aug. 1. 1905
Sept., 1912
1, 1905
1, 1905
Suspension Bridge Sc Brie Junction,—East Buffalo Junction
Niagara Falls and Suspension Bridge, 23 miles; Lock. & Buff. RR.
leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
It is leased to New York Lake Erie <fe Western Railroad Co. at 30 per cent
of gross receipts, which are guaranteed to be not less than $105,000 per
Loss to lessees in 1880-81, $17,901. In 1881-82, loss, $18,296.
annum.
Lessees own all stock except 297 shares.
Syracuse Binghampton Sc New York.—Owns from GeddesN. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse & Biughampton and opened Oct. 23, 1854; foreclosed and reorganized April
30, 1857, and leased to Delaware Lackawanna & Western. lu 1881-82
to
fross
ends earnings,
net,
(10 per $1,128,269;
cent). $250,000.
$538,270;
In 1882-83.interest,
gross, $L41,400;
$963,433; divinet,
$454,023; int. $141,500; div. (9 p. c.), $225,000. (V. 39, p. 581.)
Syracuse Chenango Sc New York.—Owns from Syracuse, N. Y.,
to Earlville, N. Y., 43*2 miles.
The Syracuse & Chenango Valley Rail¬
road was sold in foreclosure and a new company organized March 14,
1873, under the name of Syracuse & Chenango Railroad. April 15,
1877, road was again sold in foreclosure and present company organ¬
ized. which also became embarrassed and passed into the hands of a
receiver January, 1879. The N. Y. West Shore & Buffalo has acquired
control of the property. Stock, $500,000 common and $301,400 pref..
Earnings in 1881-2, gross, $94,111; deficiency after charging out inter¬
est account, $26,413.
In 1882-83 gross earnings $86,139; deficiency
after
charging interest, $53,990.
Syracuse Geueva Sc Corning:.—Owns from Corning, N. Y., to
Geneva, N. Y.. 5s miles. This roacl was opened December 10, 1877,
and is leased to the Fall Brook Coal Co. at a rental of 3313 per cent
of its gross earnings. Stock is $1,200,004.
In 1882-83 gross earnings
were $596*860; operating expenses, $315,421;
net, $281,439; rental,
$198,953; balance to lessor, $82,485.
Terre Haute Sc Indianapolis.—Owns from Indianapolis to Illi¬
nois State Line. 80 in., with coal branches, 34 m.; total, 114 m. The road
was opened in 1852 (as Terre Haute & Richmond).
The company leases
and operates the Terre Haute & Logansport RR., also the St. Louis
Vandalia & Terre Haute Road on joint account with the Pittsb. Cm. & St.
Louis RR., at 30 per cent of gross earnings, but guarantees the first and
second mort. bonds.
In 1882-83 gross earnings, $1,297,690; net earn¬
ings, $404,103; total net income, $453,777; interest and 8 per cent divi¬
dends, $271,052; loss on T. H. & L. lease, $141,208; los3 on St. L. V. &
T. H., $23,079; surplus for year, $18,437.
Terre Haute Sc Logansport.—Owns from Logansport, Ind.,
to Rockville, Ind., 94 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, 116 miles.
Formerly Logansp. Crawfordsv. & Southw.,
which was sold in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute & Indianapolis Railroad for 25
per cent of gross earnings, and first mortgage bonds guaranteed by
that company.
Rental, 1880-81, $64,649
;
in 1881-82, $80,313.
Texas Central.—Line of road from Ross, in
McLennan Co., to
Albany, Texas, 177 miles; Garrett to Roberts, 52 miles; total, 229
miles. Is controlled in Houston & Texas Central interests, by whioh
company it is operated; but accounts are kept separate. Gross earnings
on 143 miles in 1880-81, $247,707; net, $128,670.
In 1881-82 on 180
miles, gross, $269,542; net, $121,679. Stock, $1,500,000. C. A. Whit¬
ney, Pres., N. O. (V. 39, p. 436, 545.)
Texas-Mexican.—Owns from Corpus Christi, Tex,, to Laredo
on
the Rio Grande, 165 miles. Charter covers 1,400 miles in all. Under
same control as the Mexican National, and in November, 1883, a lease
for 99 years was made to the Mexican National Company. W. J. Palmer,
President. Land grant, 16 sections per mile. Stock authorized $12,-
ville, 13 miles. Road is operated in connection with Staten Island
Ferry Company. Capital stock, $210,000. In October, 1883, leased to
Staten Island Rapid Transit Co. Earnings in 1882-83, gross, $332,408;
net, $251,420; surplus over interest, dividends, &o., $13,900. One per 000,000.
cent
dividendpaid
Judy 21,1884.
Sterling Mountain (N. If.)—Road runs from Sterlington on the
Erie Railway to Lakeville, 76 miles. Bonds guaranteed by Sterling Iron
& Railway Co. 8tock, $80,000.
Earnings in 1881-82, |$45,505; in
1882-83, $43,097.
•
Texas Sc New Orleans (of 1874).—Houston, Tex., to Orange
(Sabine River), 105 miles; and Sabine City to Rockland, 104miles;
total 209 miles.
In August, 1881, this company acquired the Louisiana
& Western from Vermillionville, La., to Orange, Texas, 112 miles.
In Aug., 1882, it was voted to increase the stock to $5,000,000, for the
of acquiring the Sabine & East Texas road. This was a reorga¬
nization, 1874, of the old Texas & New Orleans RR. The stock is
$5,000,000, and a controlling interest was sold to the Huntington Syn¬
dicate of the Southern Pacific. In addition to above bonds, there are
Stockton Sc Copperopolis.—Present company is a consolidation,
made Nov. 17,1877, of the Stockton & Copperopolis and the Stockton &
Visalia. Line of road, Stockton to Milton and Peters to Oakdale,Cal., 49
miles. Leased to Central Pacific Railroad Company for thirty years
from December 30.1874. By the terms of the lease the lessee agrees to
pay principal and interest of the bonds. Capital stock, $234,504). The
purpose
almost exclusively coal. Gross receipts in 1884, includ. coal, $1,715,285;
net, $324,014; lnt. and ad van., $218,911. Gross in 1883, $1,535,399;
net, $256,912; int. and advances, $150,921. (V. 38, p. 196; V. 40, p. 208.)
to Fort Worth, 253 miles; Texarkana to Fort Worth via
Sherman, 244 miles; Marshall to Shreveport, 40 miles; total
eastern division 537 miles.
Fort Worth to Sierra Blanco, 524 miles;
Sierra Blanco to El Paso (joint track), 92 miles; total Rio Grande
division, 616 m.; total of both, 1,153 miles.
N. O. Pac., Shreveport to
$500,000 Texas School bonds. Gross eaminffs, 1831, $763,361; net,
$399,593. 1882, gross, $816,510; net, $425,186; these earnings are on
company previously made default July, 1874, and the $1,000,000 of 105 miles only. Gross earnings Jan. 1 to Dec. I in 1834, $776,389,
«ld bonds were exchanged for the present issue guaranteed.
against $1,070,904 in 1883; net, $294,831, against $560,063. C. P.
Summit Branch (Pa.)—This company leases the Lykbns Valley Huntington, President, New York. (V. 38, p. 61; V. 39, p. 324, 734; V.
RR., and it has a small branoh of its own to Summit Mines, % of a mile. 40, p. 61, 153.)
The road is operated by the Northern Central under contract. Traffic is
Texas Sc Pacific.—(See Map Missouri Pacific.)—Bonds, from Tex¬
Sunbury Hazletota Sc Wllkesbarre.—Sunbury to Tomnicken,
Pa., 43 miles.
Foreclosed Maroh, 1878. Stock, $1,000,000. The Penn.
large interest in it. J. N. Du Barry, President, Phila¬
delphia. (V. 39, p.522.>
Sunbury Sc Lewistown.—Selins grove Junction to Lewistown,
Pa., 43 u lies. Leased to Pennsylvania RR. for net earnings, which in
1880 were $95,577; in 18al, $119,240; in l«»2, $lgO,o65. Stock,
$600,000 and dividends of 12 per cent a year have been paid. Last div¬
idend 3 per cent, Ootober, 1884.
Railroad has
a
arkana
N. O., 336 miles. Total of all, 1,489 miles. The eastern division ends
at Fort Worth, and Rio Grande division begins there; the N. O. Pacific
terminates at Shreveport.
The Texas ct Pacific was built under act ot Congress of March 3,1871,
and other acts in 1872 to '74, and the laws of Texas. This company suc¬
ceeded to the right of the Memphis El Paso & Pacific Railroad and other
companies.
By a contract made in January, 1880, with the Paciflo
-■
-
Subscribers will confer a great
explanation of column headings, Ac., see
on first page of tables.
notes
Texas & Pacific—(Continued) Income and landmort., E. Div.. reg
Scrip for int.oninc.mort.(red’mable
Date
Miles
Size, or
of
Par
of
Bonds
Value.
Road.
Outstanding
$1,000
$8,602,000
524
inst’kor land)
521
1st mort., gold, laud grant, Rio Grande Division.
336
New Orleans Pacific, 1st mortgage
1,187
General and terminal mortgage ($6,500,000)
Texas <& St. Louis in Mo.dk Ark.—1st
mort., gold
....
"
2d mortgage, income
—
Tex. A St. L. in Texas, 1st mortgage, gold
do
2d M.,income bonds. 1st M. on land
do
general 1st mort., gold
do
general 1st M. laud grant & income.
Texas Western (N. G.)—1st mortgage
Tioga RR.—1st mortgage, due 1882
Consolidated mortgage
—
'
■
266
190
.....
....
and extended
54
54
20
.
Extension bonds.
mortgage
Toledo Ann Arbor <£ A7". Mich.—1st mort., S. Div
Elmira State Line Railroad
1st mort., gold, No. Div
Toledo Canada Southern <& Detroit—Stock
Toledo Cincinnati dk St. Louis—Stock
1st mortgage, gold
2a mortgage, income, not cumulative
Tol. Del. A R., lstmort., Tol. to Kok
do_
2d M., inc., non-cum., Tol. to Kok —
do
1st mort., Dayton Division
do
2d M., Dayton Div., inc., non-cum
do
1st mort., Tol. terminal trust “A”
do
1st mort., gola, Southeastern Div
do
Income bds, Southeast. Div., non-oum.
do
Cincinnati Div., 1st mort., gold
do
do
income, non-cum
do
Equipment bonds
1875
1880-1
1880
1880
1884
1881
1881
1880
1880
1881
1881
1882
1852
1876
500
1,000
2,128^000
500
2,128,000
1,000
1,817.000
500
1,817,000
....
1881
1,000
40
1884
1,000
1881
1881
1880
1880
1880
1880
1880
1881
1881
1881
1881
1881
1,000
22
....
125,000
265,000
160,000
1,260.000
800,000
1,547,662
15,000.000
3,000,000
....
7
....
Stocks—Last
Dividend.
12,000 p. m.
239,500
....
61
180
Rate per When Where Payable, and by
Whom.
Cent.
Payable
6,720,000
(?)
4,740,000
4,740,000
....
....
50
500 Ac.
3,000.000
1,000
1,000
1,250,000
1,250,000
1,000,000
1,000,000
250,000
2,250,000
1,000
1,000
1,000
1,000
500 Ac.
1,000
2,250,000
250,000
250,000
2,052.000
1,000
•mmrnmm'
——
Bonds—Fnnd-'
pal,When Due.
13,028,000
1,000
1,000
1,000
1,000
■
INTEREST OR DIVIDENDS.
1,833,139
1375
1875
55
757
270
270
181
181
102
102
Amount
1
discovered in these Tables,
favor by giving immediate notice of any error
DESCRIPTION.
For
-
—1
-
'
■
r
81
BONDS.
STOCKS AND
1
KAILROAD
February, 1885. j
7
7
6
6
6
6
6
6
6
6
6
6
7
7
7
7
6
6
g.
g-
F.
J.
F.
M.
&
&
&
A
Philad’phia
Jan. 1. 1915
N.Y., Mercantile Tr. Co.
Feb. 1, 1930
New YorkA
July.
A.
J.
A.
S
g.
July 1,
Oot. 1,
do
N.Y.,Nat.Bk.of Com’rce Oct. 1,
Oct. 1,
March.
J. & D. N.Y ,Nat.Bk.of Com’roe June 1.
g.
J.
g.
do
do
do
June 1,
New York.
A D.
S. N.Y.,Nat.Bk. of Com’rce
F. A A.
M. A N. N.Y., Bk. of N. America.
M. A
•
g.
g-
A. A
A. A
J. A
M. A
6 g.
J.
6
6
6
6
6
6 g6
6 g.
6
7
J.
Aug. 1, 1921
Aug. 1, 1931
Feb. 1, 1922
Nov.
1, 1896
Oct.
Oct.
1. 1905
J. N.Y. .Farmers’ L. ATr.Co
N.
Jan.
J.
A J.
.
A. A 0.
J.
1910
1920
0.
0.
A
.
1920
1905
1911
1911
A J.
A. A O.
A. A 0.
....
....
New York or London.
Boston Olfice.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1, 1895
1, 1921
May l, 1924
1921
July 1,
Jan. 1,
Jan. 1,
April 1,
April 1,
July 1,
April 1,
1921
1910
1910
1910
1910
1910
1921
April 1, 1921
April 1, 1921
April 1, 1925
division at rate of $12,000
of $8,000 per mile. It waft
proposed to issue new first mortgage bonds at rate of $15,000 per
mile and new 6 per cent second mortgage income bonds at same rate.
They would draw interest only from June 1,1884, and the first semi¬
annual coupons would be payable Dec. 1,1884. An assessment of 71*
per cent cash on stock and incomes was made and new stock, first mor£
gage bonds and incomes given to represent this assessment.
of land per mile, and by building east of Fort Worth earned 4,931,702
Tables published in the Supplements of December, 1883, and Feb¬
acres, on which the income bonds are a lien, as also a 3d mortgage on
the road east of Fort Worth. The total sales in 1883 were 205,693 acres ruary, 1884, will show the former outstanding securities, the proposed
at an average price of $ L 68 per acre; total sales, including lots, amounted exchanges thereof for new issues, and the total amount of new issues to
be made. (V. 38, p. 80, 220; V. 39, p. 41, 494.)
to $646,006; lands yet unsold Deo. 31, 1883,4,523,349 acres. The rail¬
Texas Western.—Projected from Houston, Tex., to Presidio Dei
road lands in Texas, however, do not lie adjacent to the line of the roads
owning them, and these are located in part in counties along the Rio Norte, Tex., 900 miles, and under construction. In operation, Houston
Grande division. The R. G. Div. bonds were to be a mortgage on the lands to Sealey, 52 miles, connecting with Gulf Gol. A S. Fe RR. Stock author¬
earned by building that division, which would ha ve amounted to about ized, $3,000,000. Land grant 10,240 acres per mile. Fred. D. Grant,
5,375,000 acres if located, but the passage of a law in Texas changing President, N. Y. City.
the terms of irs railroad land grants put a stop to the location of lands
Tioga.—Owns from Amot, Pa., to State line New York, 44 miles;
branch, Blossburg, Pa., to Morris’ Run, Pa., 4 miles; leased, Elmira
by this company and many others.
On income hoods the company may pay interest'in scrip at its option, State Line Railroad, State line New York to Northern Central Rail¬
but if the option is not declared the interest must be paid in cash. Scrip way Junction. 7 miles; and Arnot & Pine Creek RR., Arnot to Hoytwas issued to holders of income bonds up to July, 1881, but not in July,
ville, Pa., 12 miles; total, 67 miles. Controlled by N. Y. L. E. & W.
1882 or 1883. In Oct., 1883, after action taken by bondholders to collect The stock is $391,200 common and $189,700 preferred. In 1882-83,
interest, the company gave notice that 14 per cent scrip would be issued gross earnings, $524,171; net, $257,967; in 1831-82 gross, $562,335;
for the two years to July, 1883. Some holders resisted and obtained a net, $197,913.
judgment in the U. S. Circuit Court for cash for those years. The com¬
Toledo Aim Arbor & North. Michigan.—(See Map.)—Owns
pany appealed to the U. S. Supreme Court. The interest scrip is redeem¬ from Toledo, O., to South Lyons, Mich., 61 miles; Owosso to St. Louis,
able only in stock or in payment for land and interest at 7 per cent is
Mich., 41 miles. The gap between Owosso and South Lyons, 50 miles,
allowed on it only when turned iu in payment for land. In July, 1884,
is under construction, and an extension of 140 miles northwest from St.
interest up to June 30 was paid in scrip.
Louis to Fraukfort, ou Lake Michigan, is projected. Stock, $1,900,000.
In June, 1884, the earnings of the company wore insufficient to meet
The company completed during the present .year an important line of 40
its interest, owing largely to the disasters by floods on the New Orleans miles to the lumber
region of Michigan, and from the increased traffic
Pacific Division. The coupons due June 1, 188 4. on the consol, bonds
accruing the net earnings of 1884 are estimated at $140,000, the in¬
E. D., were bought at par for the Missouri Pacific Railroad, and a com¬
terest charge being $93,600. The following summary shows the net
prehensive scheme for funding coupons was published in V. 39, p. 97, results of its operations in 1882 and 1883, the mileage being the same
together with a financial exhibit as of July 1, 1884. On the Rio Grande in each year.
Division and New Orleans Pacific bonds one half of nine coupons in suc¬
1882.
1883.
cession is to be funded into general 2d mortgage and terminal bonds,
Gross earnings and rentals
$178,237
$210,067
other
each
cash
as
matures.
and the
half of
coupon paid in
it
The Operating expenses
100,393
99,153
coupons of the consol, mort. bonds E. Div. are to be paid, but deposited
with a Trust Co., and their lieu preserved as against any action by the
Net earnings
$79,073
$109,673
Income bondholders. See the terms of adjustment in V. 39, p. 674.
Interest on bonds
$75,600
$75,600
The report for the year 1883 was in V. 38, p. 357, and had the following-(V. 38, p. 737; V. 39, p. 98.)
INCOME ACCOUNT.
Railway Improvement Company, the road was extended towards El
on the Rio Grande, to meet the Southern Pacific of California, with
$25,000 in bonds and $25,000 in stock per mile of road. The Fidelity
Insurance Trust & 8. D. Co. of Philadelphia are Trustees of the Rio
Grande Div. mortgage. The stock authorized is $50,000,000. A con¬
solidation with New Orleans Pacific, share for share, was voted in May,
1881.
From the State of Texas the company received 10,240 acres
Paso
1883
1882.
$7,045,652
$1,648,008
392.791
Gross earnings
Net earnings...
Other receipts
$5,919,732
$1,343,292
346,511
Total net income
Disbursements—
Interest on debt
Rentals and taxes
$1,689,803
$2,040,799
$1,670,950
$1,970,085
Total disbursements
Balance for year
137,333
244,317
$1,808,283
$2,214,402
def. 118,480
def. 173,603
f
—(V. 38, p. 296, 331, 357. 447, 510, 572,647, 680, 764; V. 39. p. 11, 84,
97,129, 235, 325, 350, 382,402,436, 494, 581, 607, 674; Y. 40, p. 183,
241.)
Texas Sc St. Louis in Missouri and Arkansas.—Narrowgauge
road from Birds Point. Mo.,
opposite Cairo, Ill., to Texarkana,
Tex., 419 miles, and thence by the “Texas A St Louis RR. in Texas” to
Gatesville, 304 miles; total, main line, 723 miles; branches, Paw Paw
to New Madrid, 6 miles; McNeil to Magnolia, 6 miles; total, 735 miles.
Capital stock is $9,582,500 (par $100), which amount includes $3,945,
deposited in trust to take up a like amount ot the old stock of the
Texas A St. Louis in Texas. Also enough of the general first mortgage
and general income bonds are reserved to retire the old first mortgage
and mcomes. The company issues $12,500 per mile in 1st mortgage
bonds, $12,500 incomes and $12,500 stock, and the incomes are a 1st
mortgage on the land grant and a 2d mortgage on the road. Land grant
was 10,240 acres for each mile of finished road in Texas, but only about
000
1,000,000 acres are assured. The road was opened in 1883.
The company has been managed entirely by Western and
Southern
Louis, being its President, and the
Mr. J. W. Paramore, of St.
board of directors as follows: J. W. Paramore, W. M.
Gilkeson, St. Louis, Mo.; L. H. Roots, Little Rock, Ark.;
men,
Senter, J. M.
T. R. Bonner,
L. B. Fish, Tyler, Tex.; L. C. DeMorse, Texarkana, Ark.; T. J. Lowe,
Gilmer, Tex.; C. M. Seley, Waco, Tex. The road is a close competitor for
traffic with the Gould Southwestern roads. The stocks have not been very
widely distributed, and both stock and bonds are understood to be largely
held by the promoters of the enterprise and their friends.
In January, I8s4, W. R. Woodward was appointed receiver on suits
brought by the Central Trust Co. of New York as trustee of the mort¬
gages, and receivers’ certificates for about $640,000 have been issued.
These suits were said to be for the purpose of a friendly foreclosure
to carry out the “adjustment” proposed to the bond holders in
November, 1883, of which the main points are condensed in the state¬
ments which follow. The cash assessment of 7*2 per cent is compulsory
on the holders of stock and income bonds.
The plan for readjust¬
ment provided for the calling in and cancellation of first mortgage
bonds issued on Missouri & Arkansas
per mile and on Texas Division at rate
Toledo Canada Southern Sc Detroit.—Toledo, Ohio, to Detroit
(G.T. Junction), Mich., 55 miles. Road opened September 1,1873. Oper¬
ated by Canada Southern.
The bonds were exchanged into Canada
Southern first mortgage bonds at 70 per cent of face value.
Toledo Cincinnati Sc St. Louis.—This is the consolidated line
(narrow gauge) of the Toledo Delphos A Burlington and Toledo Cin. A St.
Louis. Owns from Toledo to St. Louis, Mo., 451 miles; branch, Delphos
to Dayton and Shanesville br., 102 miles; Southeastern Division, 185
miles; Cincinnati Division, 17
miles; Iron RR., 24 miles; total, 757 miles
June, 1883. The interest coupons due in 1883 and 1884 on the firstmortgage bonds, in April, 1883, were partly funded into 6 per cent sorlp
due Oct., 1891.
It was proposed to exchange all income bonds for
preferred stock, in shares of $50 each,and a considerable amount was
so exchanged.
In July, 1883, Mr. E. E. Dwight was appointed reoeiver,
the company being embarrassed, and afterwards Mr. Dwight and Mr.
Craig were appointed as joint receivers of different parts of the property.
The proposed plan of reorg wization (Quigley plan), in the Chbonicle, V. 38, p. 480, embraces the following points: The organi¬
zation of a new company and the conversion of the narrow into a
standard gauge
track.
A first mortgage will be made for
$6,750,000
($15,000 per mile), the bonds to run 40 years and bear 6 per oent
interest. The second mortgage will be for $7,000,000, to run fifty years,
aud bear interest at 4 per cent from January 1,1888, to January 1,
and bonds
1893 and 6 per cent thereafter. The exchange for old stock
to be made as there stated.
The other plan for Toledo Cincinnati & St Louis bonds (Corbin plan)
was in V. 33, p. 596, and embraces the general idea of Issuing new
mortgage bonds at $8,009 per mile on the St. Louis Division and giving
the present first mortgage bondholders preferred stock in place of their
mortgage bonds.
At Cincinnati, June 26, by order of the Uniteu States >. _ ouit
Court, four divisions of the Toledo Cincinnati & St. Louis narrowgauge system were sold to satisfy judtrments. The Cincinnati Division
118 miles) was sold for $20.0 )0 to George N. Smalley of Watertown,
Mass., on behalf of a committee of first mortgage bondbo ere of that
division. The next was the Dayton Division (96 miles), w ch sold for
$125,000 to a committee ou behalf of the bondholders. The Dayton Sc
Southeastern Division (180 miles) was sold for $500,000 to a committee
of bondholders. The last sold was the Iron Railroad aud its branches
(18 miles) for $500,000 to a committee of bondholders. Later transac¬
have occurred will be found indexed below, and the
reorganization of the Southeas'ern Division is in V. 39, p.
tions that may
for
Till reorganizations are perfected, the bonds are left as
38, p. 104, 178, 196, 250, 350, 379,412, 456, 480. 510,
596, 608, 620, 647
416, 462, 494, 514;
plan
402.
above. (V.
541, 562,
V. 39, p. 22, 49. 72, 98. 158, 183, 210, 296, 402,
V. 40, p. 61, 94,153,181, 241.)
e
82
RAILROAD
STOCKS
AND
BONDS.
[Vol. XL.
giving immediate notice of any error
Subscribers will confer a great favor by
Miles
of
Date
of
Size, or
Amount
Par
explanation of column headings, &e., see notes
Outstanding
Road. Bonds Value.
on first page of tables.
Toledo Cincinnati & St. Louis— (Continued)—
Tol. Del. & Burl., Iron RR., 1st mortgage
180-32
do
do
•
•
•
60
35
53
64
mortgage bonds (for $1,000,000)
Tyrone dk Clearfield—Stock
1st mortgage
Ulster <6 Delaware—1st mortgage
2d mortgage income bonds
New
74
....
United N. J. RR. <& Canal Companies—Stock
Gold bonds
General mortg., gold and currency, coup
United Co.’s mortgage, sinking fund, registered..
1823.
•
incomes
Tonawanda Valley <& Cuba—1st mort. ($500,000)..
Troy <6 Boston— 1st mortgage, consolidated
sterling loan mortgage, sinking fund
do
do
do
do
dollar loan, mortgage
do
....
238
....
....
.
^
^
....
....
2d mortgage currency (Government subsidy)....
3d
do
on road (2d on land), sinking fund..
Land grant bonds
Omaha bridge bds, st’g, (s.f. about $65,000
Collateral Trust bonds
Collateral trust oonds of 1883, gold
yrly).
Tonawanda
1,038
1,038
....
.
Kans. Pac.,cons. M..,g.(for $30,000,000),op.or rg.
1st M., g, cp., on 140m. west Mo. Riv.
do
1881
1881
1881
1874
1878
.
.
.
.
140
$....
....
1,000
1,000
1,000
...
1875
1875
429
do
do
do
gold loan, reg
Joint Co.’s plain bonds
do
consol, mort. (sink’g fund after 1880)
N. J. RR. & T. Co., 3d loan due State of N. J
1,820
Union Pacific—Stock
1,038
1st mortgage, gold, on road and equipment
-
....
1883
1873
1871
1871
1871
1871
1878
1854
1862
1868
1,000
1,000
100 Ac.
100
1,000
1,000
....
....
....
....
....
....
1866-9
1866-9
1874
1867-9
1871
1879
1883
1879
1865
Valley Sc Cuba.—Owns from Attica, N. Y. to
Troy Sc Boston.—Owns from Troy, N. Y., to Vermont
1,000
1,000
....
1,000
£200
1,000
1,000
1,000
1,000
Cuba,
State line, 35
miles; leased: Southern Vermont 5 miles; Troy & Bennington, 5 miles;
Vermont State line to North Adams, 6 miles; total operated, 53 miles.
The 1st consol, bonds are used to redeem 1st and 2d morts., and 2d
consols, to redeem floating debt. $23 >,000 of other issues of bonds out¬
standing Sept.. 1883. Stock, $1,623,110. In 1882-3 def. over all
charges was $14,915. Operations and earnings for three years past were:
Passenger
Freight (ton)
Gross
Net
Miles.
Years.
Mileage.
Mileage.
Earnings. Earnings.
.
53
53
53
6,246,817
7,315,713
7,313,014
$198,719
523,547
$24,778,236
21,979,268
25,965,501
569,820
Rate per
When
Cent.
Payable
Bonds—Princi¬
pal,When Due.
$182,206
213,766
205,323
—(V. 39, p. 202.)
Curwensville, Pa., 44
organized
April 1, 1867, after sale in foreclosure. Road completed in 1872. It
was leased to the Pennsylvania Railroad in 1878 and new lease made
Tyrone Sc Clearfield.—East Tyrone Pa., to
miles; branches, 20 miles;, total, 64 miles. This company was
Where Payable, and by
Whom.
N. Y., Boston Office.
J.
do
do
1.
New York Office.
S.
J. N. Y., Nat. B’k of Com.
do
do
O.
200,000
-
5
7
7
2ia
4
6 g.
6
6 g.
6 g.
6
154,000
841,000
866,000
Is6
6
5,000,000
■
6
6
8
7
8
6
5
6
6
g.
g.
g.
g.
Stocks—Last
Dividend.
1901
1911
Sept. 1, 1932
1924
1903
0)
Phila., 233 South 4th.
2ia
1,400,000
21,240,400
1,824,000
5,669,000
2,000,000
1,846,000
1,800,000
60,868,500
27,229,000
27,236,512
13,861,000
4,589,000
1,805,000
4,662,000
3,719,000
15,775,005
2,240,000
J. A
Jan.
M. A
J. A
A A
6
6
6
7
7
$500,000
500,000
325,000
1,380,000
925,000
1,000,000
1,000,600
100,000
100
....
Stock$587,100. Securities listed at New York Stock
Exchange December, 1882. $113,000 of 1st rnort. bonds are reserved
to redeem prior issues. Earnings in 1882-83, $29,987. R. G. Taylor,
Buffalo, N. Y., President. (V. 39, p. 655.)
N. Y., 60 miles.
discovered in these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
83
STOCKS AND BONDS.
RAILROAD
February, 1885.
J. A J.
J. A J. Rondout. Co.’8 Office.
F. A A.
New York.
Q.-J. Phila. and N. Y. Offices.
F. A A.
Philadelphia Office.
do
do
M. A S.
A. A O. Phila., Pennsylv’a RR.
London.
M. A S.
do
M. A 8.
F. A A. Phila., Penn. RR. Offioe.
M. A S.
do
J. A D.
Princeton, N. J.
M. A N.
Philadelphia Office.
A. A O. N. Y., B’k of Commerce.
Q.—J. New York and Boston.
do
do
J. A J.
J. A J. U.S. Treas., at maturity.
M. A S. New York and Boston.
do
do
A. A O.
A. A O. London A New York.
J. A J. N. Y., Union Trust Co.
J. A D. Boston, N. Engl’d Tr.Co.
M. A N. N. Y\, 195 Broadway,
do
do
F. A A.
The Kansas Pacific was organized as “ Leavenworth
em’’ in 1861; then changed to “Union Pacific, Eastern
July 1, 1905
July 1, 1905
10, 1885
Jan.
Feb.
Mch.
Oct.
Mch.
Mch.
Feb.
1.
1923
1, 1901
1, 1894
1, 1894
1, 1894
1, 1888
Sept. 1, 1908
Jan. 1, 1889
Nov. 1, 1889
Overdue.
April 1, 1884
1896 to 1899
1896 to 1899
Sept. 1, 1893
1887-’89
April, 1896
July 1, 1908
Dec. 1, 1907
May 1, 1919
Aug. 1, 1895
Pawnee & West
Division,” June
6,1863, and to “ Kansas Pacific” on March 3, 1869. The Pacific Rail¬
road acts of 1862 and 1864 applied to this road, and gave it a subsidy
of $6,303,000 and a land grant of about 6,000,000 acres.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kan -as Pacific), and opened
January 1,1871. The stock of $4,000,000 went into this consolidation
January 1880, and the bonds are retired with the consolidated mort¬
gage of the Kansas Pacific.
As to the debt of the Pacific railroads to the United States Govern¬
ment a decision of the U. 8. Supreme Court settled the point that the
payment of interest on the loans was not obligatory on the companies
till the principal of the bonds became due. Afterwards Congress passed
the Thurman Act, May 7, 1878, which, for the Union Pacific, provided
that 25 per cent of tne net earnings, after deducting interest on the
first mortgage bonds, should be paid annually to the Government as fol¬
lows : First—Applied directly to interest account, one-half of Govern¬
ment earnings and 5 per cent of net earnings, after deducting interest
on first mortgage bonds.
Second—To be placed in the sinking fund-—
the other half of the Government earnings and so much of $850,000 a*
may be necessary to make all the payments by the company equal
per cent of its net earnings.
25
Stock and Bonds.—The capital stock issued and outstanding la
$60,868,500, having been increased about $10,000,000 sincethe consoliUlster Sc Delaware.—Owns from Rondout (Hudson River). N. Y. .dation in 1880. Dividends since 1879 have been as follows: in 1880, 0
to Stamford, N. Y., 74 miles. This was the Rondout A Oswego in 1876 ;
per cent; in 1881, 63*; in 1882, 7; in 1883,7; in 1884, 3^.
The yearly range in prices of the stock has been—In 1880, 80®113\
reorganized May 28,1872, as New York Kingston & Syracuse, and again,
after foreclosure, May 1, 1875, as Ulster & Delaware. The stock is in 1881, 10512 0)1315*; in 1882, 9814@1195*; in 1883, 70is®104^; in
$1,152,100. There are also $50,000 real estate mortg. b.mds. In 1883- 1884, 2B'S)8458: in 1885 to Feb. 20 45783 5i5«.
84 the gross earnings were $316.884; net earnings $80,404. In 1881By act of Congress of July 2,1861, the Government loan was made a
82, gross, $269,751; net, $36,346. Thomas Cornell is President, second lien and the company’s first mortgage bonds to the same amount
Rondout, N. Y.
were made a first lien on the roads.
The Union Pacific land bonds are
In 1382.
J. N. Du Barry, President,
Philadelphia, Pa.
Co.—Lines
Road.—
United New Jersey Railroad Sc Canal
of
New York to Philadelphia and branches, 127 miles; Camden to Amboy
and branches, 226 miles; Trenton to Manunka Chunk and branches,
81 miles; total operated, 434 miles. Delaware & Raritan Canal, 66
miles.
This company was formed by a consolidation in 1867 of the Delaware &
Raritan Canal Company, the Camden A, Amboy Railroad, and the New
Jersey Railroad A Transportation Company. The United New Jersey
Railroad & Canal Companies were leased in May, 1871, to the Penn¬
sylvania Railroad for 999 years, at a rental ot 10 per cent on the
stock, besides interest on bonds. The smaller leased roads were taken
with their several contracts. The Belvidere Delaware was leased to the
Pennsylvania Railroad March 7, 1876, and since January 1, 1877, has
been operated as the Belvidere Division of United New Jersey Railroad
system. The net earnings are paid over to the lessors in full as rental.
ne lease has not been profitable in cash receipts to the
Pennsylvania
Railroad, and the net loss in 1879 was $939,889; in 1880, $1,035,308 ;
in 1881, $302,864; in 1882, $568,759; in 1883, $635,914; but the con¬
nection with New York was indispensable. Operations and earnings for
five years past (including the canal) were as follows:
Years. Miles.
Mileage.
Mileage.
Earnings.
Earnings, p. ct.
1880
171,055,377 381,885,409 11,544,681
10
3,329.473
197,366,974 480,995,398 13,022,864
4,211.5®0
10
429 227,938,390 521,869,010 14,231,458
4,062,363
10
435 238,561,431 542,827,918 14,956,596
4,151,682
10
relired rapidly with proceeds of land sales.
Of the Union Pacific collateral trust bonds,
80 per cent of the following bonds: Omaha
the first issue was limited to
& Republican Valley RR.,
$850,000; Colorado Central Railroad bonds, $2,526,000; Utah Northern
Railroad, about $3,480,000; total,'-$6,856,000. The collateral trust
bonds of 1883 are secured by the following bonds: Colorado Central RR.
$2,446,000; Utah & Northern RR. $2,353,000; Omaha A Rep. Valley
RR. $419,000; Utah Southern RR. extension $975,000; Denver South
Park & Pacific RR. $1,544,000; Kansas Central RR. $1,162,000 j
total $8,899,000.
The outstanding bonds of Kansas Pacific above are given less the
amounts of each class held by the trustees of the general mort. The con¬
sol. mortg. trustees are Jay Gould and Russell Sage, and they held in
trust on Jan. 1, 1884, the following bonds or the Kansas Pacific, making
$6,095,250 in all, viz.: Leavenworth Branch, $565,000; income (unsub¬
ordinated) bonds. $215,350; income (subordinated) bonds, $3,295,900;
Cheyenne Branch Den. Pac. bonds, $2,019,000. They also held $1,875,800 of the stock8 and $3,158,000 after the bonds of other companies
controlled by the Union Pacific.
applicable
and after those to the sinking
sinking fund mort
retired with the proceeds of
applied t©
that towards prin¬
cipal. To Dec. 31,1883, the company had already secured, either in cash
Union Pacific Railway.—(Nee Map.)— Lines of Road.—Main or
contracts, the sum of $2,591,084 in excess of what was needed to dis¬
line—Council Bluffs to Ogden, 1,037 miles;, branches—Ogden
to charge at maturity the balance of the original land grant bonds.
Junction Central Pacific, 5 miles; Kansas City to Denver, 639; Denver The land
department reported the following for 1882 and 1883
to Cheyenne, 106; Leavenworth to Lawrence, 34; total owned, 1,821
1882.
1883.
miles; controlled and operated in the U. P. system Jan., 1884-Omaha A
Net proceeds, U. Pac. grant
$910,683
$2,526,367
Repub. Valley RR., 197 miles; Omaha N. & Black HillsRR., 84; Color¬
Net proceeds Kan. Pac. grant
321,890
948,414
ado Central RR., 329; Echo A Park City RR., 32; Utah & Northern RR.,
114,195
182,387
462; Lawrence A Emporia RR., 31; Junction City A Ft. Kearney, 70; Other lands, lots, income, Ac
Solomon RR., 57; Salina & Southw’n. 36; Kan. Cen., 170; Den. & Boulder
Total net proceeds for the year
$1,346,770
$3,657,168
Valley., 28; Golden Boulder & Car., 6; Oregon Short Line and branch,
258,275
616,700
497; Greeley Salt Lake & Pacific, 54; Denver 8outh Park A Pacific, 324; Deduct interest paid on consol, bonds
Balt Lake A Western, 57; total thus controlled, 2,437 miles; total operated
Leaves net proceeds
$1,088,495
$3,040,468
in the U. P. system Jan. 1,1884, 4,258 miles.
9,129,000
8,280,000
The Central Branch Union Pacific and. leased lines (388 miles) are U. P. lands remaining unsold, acres
K. P. lands remaining unsold, acres
5,336,000
5.142,000
operated by the Missouri Pacific under an agreement with Union Pacific,
$4,617,401
$7,180,084
and not included in the mileage operated oy Union Pacific. The U. P. U. P. land contracts and cash
also has large interests in the St. Jos. & West. RR., 251 miles; the Utah
The Kansas Pacific lands, from the 380th mile westward, are covered
Central, 280 m.; Leavenworth Topeka A 8. W., 47 m.; Manhattan first by the Denver Division mortgage, and all the lands of the Kan. Pa*,
Alma A Burlingame, 28 m ; Manhattan & Blue Valley, 4m.; Marysville
by the consol, mortgage.
& Blue Val. RR., 38m.; Georgetown Breckenridge & Leadville, 2m.;
During 1884 sales were very large, owing to the sale by the
and Nevada Central, 93 m.; total, 543 miles, all of which are operated Union Pacific land department of large tracts of grazing lauds at a low
separately.
price per aCi'e. The acres sold increased 3,656,863 in 1884 over 1883,
and the amount increased $4,525,265. The average price per acre in
Organization, &c.—This company, the Union Pacific Railway, was L8B4 was $178. against $3 49 in 1883.
formed by a consolidation, January 24,1880, of the Union Pacific Rail¬
Land sales in 1884 and 1883 were as follows:
road and the Kansas Pacific and Denver Pacific, made under authority
1884.
Main Line—
1883.
of the acts of Congress of July 1,1862 and July 2,1864. New stock
Acres sold
4,318,203
,8 7.871
was issued for the old stock of the three companies, but their bonds
$6,603,796
$2,701,115
remained unchanged. The Union Pacific Railroad was chartered by Receipts
Kansas Pacific—
Act of Cjngress of July 1,1862, which gave the company a land grant
475,008
^3,477
of 12,800 acres per mile, estimated at a total of 12,083,227 acres, and a Acres sold
$2,002,602
Receipts
$1,3^70,010
subsidy in U. S.bonds of $27,236,512 on 1,033 miles of road.
....
Land Grant.—The lands on the Union Pacific main line are
fo the principal ot the land grant bonds,
fund mortgage 8 per cent bonds, and after those to the
8 per cent bonds, and these b >nds are to be
lands. On the Kansas Pacific the cash income from land is
the interest on the general mortgage bonds, and after
-
RAILOD
STOCKS
AND
BONDS.
|Vol.
XL
RAILROAD
February, 1885.J
Subscribers will confer a great favor
DESCRIPTION.
on
first page
Union Pacific— ( Continued)—
Kansas Pae., 1st mort., gold, 140th to 393d mile,
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do 1st,394th to 639th m., l.g., 3,000,00(
do
1st mort., coup., (Leavenworth Br.)..
do
Income bds, coup.,
3d M.on 427
253
394
245
34
427
280
n
Utah Central—Stock
1st
36*4}
mortgage, gold
75
105
Utah Southern, 1st mortgage, coupon
do
general mortgage (far $1,950,000)
Utah South. Exten., 1st M., Juab to Frisco
Utah <t Nevada—Stock
Utah <£ Northern.—1st mortgage
Utica dt Black Biver—Stock
138
37
462
180
87
36
16
Mortgage bonds
Black River & Morristown, 1st mortgage
Clayton <& Theresa, 1st mortgage, guaranteed
10
Ogdensburg & Morristown, 1st mortgage
Utica Chenango <& Susquehanna Valley—Stock
Utica Clinton <& Binghamton—1st mortgage
Utica Ithaca & Elmira—1st mortgage, gold
Talley (N. ¥.)- Stock
1st mortgage
Valley (Ohio)—1st mortgage
Consol, mortgage
Talley ('Fa.;—1st mortgage
98
31
f
m
m
m
12
....
....
....
113
59
Vermont & Massachusetts—Stock
Convertible bonds
....
Bonds of 1883
(guaranteed by Fitchburg RR.)...
Vermont Valley of 1871—Stock
....
....
24
1st mortgage
1869
1866
1866
1870
1871
1879
1879
1878
1,000
100
....
....
1,000
....
....
1881
1879
1881
1881
....
....
....
1,000
100
....
1872
1883
1,000
....
....
1,000
extended rapidly and built and acquired
mileage, of which the Utah Northern and Oregon Short Line
are two of the most important branches.
It is not yet possible to esti¬
mate the final effect of the competition ot the several new Pacific lines
on the traffic of this road, nor the benefit to be derived from the Oregon
Short Lino, which was a heavy charge for some time, as it was not opened
through to a connection with Oregon till November, 1884.
The claim of the Governm* nt for arrearages was decided in January,
1885, to be about $967,466. A report was in V. 39, p. 23, showing
earnings and charges of each of the branch and auxiliary lines, never
ending June 30,1884, with state¬
balance sheet to June 30, was in
all lines operated were $25,791,-
198, against$^8,716,139 in 1883; net, $11,776,740, against $13,658,456 in 1883. See V. 40, p. 215.
The annual report tor 1883 was published in V. 38, p. 291. The
earnings below
cover
only the 1,821 miles of main road in each year:
FISCAL RESULTS.
1881.
$
Earnings—"
1882.
$
4,922,711
5,054,344
Government
208.860
Freight— Cash
15,075,515
484,013
143,386
13,543,841
361,648
Passenger—Cash
1883.
$
4,545,348
113,768
1,503,599
1,496,678
$2,064,119
$2,223,987
12,596,584
342,957
1,32 f,751
$2,075,134
Total gross earnings
Total op. exp. (incl’d’g taxes).
$24,258,817
12,480,343
$22,823,884
10,727,049
$21,002,542
10,354,541
Net
$11,778,474
$12,096,835
$10,648,001
51-45
47-00
49-30
Government
Company
Mail, express, &c
earnings
Per ct. of op. exp.
to earnings
INCOME ACCOUNT.
1881.
Receipts
-
Net earnings
Interest and dividends
Total income
Disbursem ents—
Interest on debt
Discount, int’st, premiums,&c.
Dividends
Rate per cent,
Due U. S.
on
year’s business..
Total disbursements
Balance, surplus
1883.
$
11,778,474
1,332,678
12,096*835
2,211,099
$
10,648,001
2.066,682
13,111,152
14,307,934
12,714,683
$
$
4,819,128
117,196
4,076,134
$
4,976,204
191,645
4,260,788
$
4,667,711
177,863
4,260,788
7
7
of dividend—
Sinking funds
1882.
7
307,000
1,653,359
442,000
2,097,190
476,489
1,869,958
10,972,817
2.138,335
11,967,827
11,452,809
2,340,107
1,261.874
GENERAL BALANCE AT CLOSE OP EACH FISCAL TEAR.
1881.
Assets—
Road, equip’t. &c
Stocks owned, cost
Bonds owned, cost
Advances
Materials, fuel, &c
U. P. bonds and stock
Denver Extension sink’g fund
Coal lands and mines
Bonds and stocks held in trust
Land department assets
Total
Liabilities—
Stock
Funded debt (see Supplem’nt)
United States subsidy bonds..
Accrued int. on subsidy fionds
Bills payable, and all other
dues and accounts
Interest accrued not dub
Balance of income account...
Total liabilities
1882.
1883.
$
$
$
156,878,669
12,755,754
16,375,055
2,563,360
3,164,477
164,046
199,545
106,178
2,195,950
6,074,212
156,949,005
200,477,246
201,554,297
157,301,640
13,582.700 >*14,236,762
18,537,978 *19,500,645
4,811,121
2,552,213
t
}
1
t
289,000
18o,572
431,570
231,122
3,208,950
t3,210,950
9,214,106
6,306,759
209,085,797
$
60,868,500
84,506,332
33,539,512
13,868,041
$
$
60,868,500
82,118,133
33,539,512
60,868,500
81,845,507
12,590,388
13,136,489
4,035,078
780,766
6,544,868
842,743
789,635
10,531,911
1308,509
795,915
15,198.988
200,477,246
201,554,297
209,085,797
33,539,512
The items include stocks and bonds of other companies owned by the
Union Pacific. Of these the stocks and bonds of railroad companies
amount at their par value to $61,347,722.
*
{The balance sheet in 1882 and 1883 is changed in form as to the items
the net excess of floating liabilities over
floating assets being carried out.
-(V. 38, p. 29, 31, 62, 87. 116, 149, 214, 230, *273, 291, 296, 313. 332,
359.447,456,467,468, 479, 480, 510, 541, 582, 596, 639, 680, »-90.
707, 739, 764; V. 39, p 23, 73, 85, 98, 129. 183.197, 235, 297, 310.
325, 350, 382,393,402, 436, 493, 505, 522, 554, 655, 682, 695, 708 ; V.
40, p. 41, 61, 85,144.183, 214, 233.;
of “ unfunded debt,” only
18-243.
1,107,000
500,000
200,000
143,000
4,000,000
790,000
600,000
750,000
400,000
1,600,000
600,000
750,000
3,050,000
150,000
1,000,000
1,000.000
....
1880
7
5,543,000
2,047,000
100
500 &c.
....
7
1,950,000
500 &c.
1883
....
1,000,000
1,456,000
When
Payable
Where Payable,
Whom.
and by
& D. New York,195 Br’dway.
Payable *2 by transportation.
J.
Bonds—Prineb
pal,When Dus.
Stocks—Last
Dividend.
June 1, 1896
1895 to ’97
M. & N. N. Y., Loud. & Frankf t. May 1, 1899
M. & N. New York, 195 B’way.
Jan
1, 1896
M. & S. N. Y.,Bk. of Commerce July 1. 1916
N. Y., 195 Broadway.
JaD., 1884.
Q. -J.
do
do
Jan. 1, 1890
J. & J.
J. & J.
do
do
July 1, 1891
do
do
J, & J.
July 1, 1909
do
do
J. & J.
July 1, 1909
555,860
....
’66-’72
1880
764,100
4,225,000
1,000,000
1,000
1,000
....
1871
1874
35,000
1,000
1,000
....
6 g.
6
6 g.
7
7
1
6 g.
7
6,303,000
6,307,000
50 &c.
100
....
Rate per
Cent.
$4,063,000
1,000
1,000
new
The report ot Mr. Adams for the year
ment of all income and charges, and a
V. 39, pp. 325, 382.
For the year 1884 gross earnings on
Outstanding
....
Operations, Finances, &c.—The Union Pacific has made large earnoperated its road at a low percentage of
previously published.
INTEREST OR DIVIDENDS.
Amount
1866
$1,000
1865-7
ngs and until 1883 and 1884
expenses. The company has
much
88
BONDS.
by giving immediate notice of any error discovered In tliese Tables.
Miles Date
Size, or
of
of
Par
Road. Bonds. Value.
of tables.
AND
STOCKS
800,000
•
7
2
7
7
7
5
3
6 & 7
& J. New York,195 Br’dway. July 1, 1908
& 8.
Utica.
Sept. 30,1884
& J. N.Y., Nat.Bk.of Com’ce.
Jan. 1, 1891
do
do
Jan. 1, 1894
& J.
& J. Utica & N.Y.Bk.of Com. July 1, 1898
Jan. 1, 1891
Utica.
& J.
Nov. 1, 1884
& N. N. Y., D. L. & W. RR.
& J. N. Y., Cont. Nat. Bank. 1886 & 1890
Jan. 1, 1911
& J.
N. Y., D. L. &W.
During 1884
5
J.
M.
J.
J.
J.
J.
M.
T.
J.
5
5
7
6
6
3
7
5
J. & D.
M. & 8.
A. & O.
A. & 0.
J. & J.
M. & N.
do
New York.
Balt, and New York.
Aug. 1, 1911
1906
1921
Oct.
1, 1921
Boston, Office.
Oct. 7, 1884
Boston, Fitchburg RR.
July 1, 1885
May 1, 1903
'
3
5
do
do
do
Bellows Falls.
A. & O. Bost.,
Jan.
1, 1885
Safe Dep. & Tr.Co Oct.
1, 1910
Utab. Central—(See map Un. Pacific)—From Ogden, Utah, to Frisoo,
280 miles. A consolidation July 1, 1881, of the Utah Central, Utah
Southern aud Utah Southern Extension. Stock is $4,225,000 and 2 per
cent paid in 1884. In 1882 gross receipts$1,531,186; net. $897,949. In
1883, gross, $1,174,737; net. $756,212. In 1884 gross earnings were
$1,038,938, against $1,174,736 in 1833; net. $178,3 53, against $604,450. Sidney Dillon, President.
iV. 38, p. 412; V. 39, p. 350.)
Utah Sc Nevada.—Owns from Salt Lake City, U. T., to Terminus
U. T., 37 miles. The Utah Western made default January 1, 1878, ana
the road was held by trustees for the bondholders, and was foreclosed
Nov. 3, 1880* and this company organized. Sidney Dillon, President
New York
City.
Utah Sc Northern—(s’ee map Union Pacific)—From Ogden. Utah,
to Deer Lodge, Montana, aud the line of Northern Pacific, with a branch
to Butte City; total, 463 miles. This road forms a connection between
the Northern Pacific at Garrisons, Montana, and the Union Pacific at
Stock $5,543,000, and 6 per cent divideud paid in 1884. The
built and is mainly owned by the Union Pacific. For the year
1883, gross earnings, $1,969,207; net, $778,681; in 1882, gross,
$2,210,688; net, $905,308.
Ogden.
road
was
Utica Sc Black Biver.—Owns from Utica, N. Y., to Philadel"
phia, N. Y., 87 miles; leased lines to Morristown, N. Y., to Ogdens*
burg, to Sackett’s Harbor and to Clayton, 93 miles in all; total oper¬
ated, 180 miles. The company hits paid ite rentals and moderate cfivi-
dends for a number of years.
The income account for the year ending
September 30, 1883, showed a balance of $11,742 over alT payments,
including 7 per cent dividends. The surplus of the c ompany is chiefly
represented by advances to leased lines. The Ogdeusburg extension is
doing well, and promises to be a good investment.
Operations and
earnings for three years past were as follows:
Passenger Freight (ton*
Gross
Net
Div.
Years
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. ot.
180
8.599,023
15,224,870 $766,463 $323,011
5
180
9,449,809
827,407
20,425,186
285,410
7
180
830,885
232,372
6
Utica Chenango Sc Susquehanna Valley.—Owns from Utica,
N. Y., to Green, N. Y., 76 miles; branch to Richfield Springs, 22 miles;
total, 98 miles. Road opened October, 1872. Leased to Del. Lack. <fe
Western at 6 per cent on stock. Has no bonded debt.
(V. 38, p. 705.)
Utica Clinton Sc Binghamton.—Owns from Utica, N.Y., to
Randallville, N. Y., 31 miles, and leases Rome & Clinton Railroad, 13
miles.
Total, 44 miles. Opened June 22, 1872, and leased to New
York & Oswego Midland Railroad.
The lease was transferred, to
the Delaware & Hudson Canal Co., which pays the rental of $70,500 per
annum for U. Cl. A B. and $25,500 for Rome &; Clinton.
The road was
operated by the Del. Lack. & West, till April 1. 1883. Gross earnings
in 1882-83, $199,600; net. $94,030.
Capital stock, $636,285. Lsaao
Maynard, President, Utica, N. Y.
Utica Ithaba Sc Elmira.—Owns from Elmira, N. Y., to Cortland,
N. Y., 71 miles; leased, Elmira to Horseheads, 5 miles; total operated,
..
.
..
76 miles. This company was
of the U. I. & E. RR. Co.,
Stock is $2,000,000.
organized May 11, 1878, as successor
was foreclosed April 30. 1878.
Gross earnings 1882-83, $147,820; def., $11,475;
which
ork City.
?'oss,
1881-82, $160,200; net, $5,328.
Austin Corbin, President, New
Valley (N. Y.) Railroad.—Owns from Binghamton. N. Y., to State
October,
line of Pennsylvania. 12 miles.
Opened
1871. Leased to
Delaware Lackawanna & Western at 8 per cent per annum on stock,
which was reduced in 1882 to 5 per cent, the lessee assuming the Interest
on
bonds.
York City.
Rental in 1881-82, $63,958.
Samuel Sloan, President, New
(V. 38, p. 705.)
Valley (Ohio).—Owns from Cleveland, O., to Wheeling Junotion, O.,
76 miles, and 9^ miles of small branches. The temporary debt and car
trust amount to $663,541. Earnings in 1881, $275,673; net, $116,798.
In 1882, gross, $367,737; net, $176,494.
Stock. $1,042,302.
Valley (Va.)—Owns from Harrisonburg to Salem, Va., 113 miles.
In 1883 it was extended from Staunton to Lexington, 36 miles. By
this and connecting lines under B. & O. control, the distance from Lex¬
ington is 243 miles to Baltimore and 217 miles to Washington. The
Baltimore & Ohio has a large interest in its securities. Earnings, 1881-82,
$56,772; net, $13,412. In 1883-84, gross, $110,400; net, $34,337.
Vermont Sc Massachusetts.—Line of road, Fitchburg to Green¬
field, Mass., 56 miles: branch, 3 miles. The road is leased to the Fltelfr*
burg RR. for 999 years at 6 per cent.
Vermont Valley of 1871.—Owns from Bellows Falls to Brattleboro. Vt., 24 miles, and by purchase of stock the Sullivan County
RR. from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles. Con¬
trolled in the interest of the Connecticut River RR. The Sullivan
County RR. stock s deposited as collateral security for the above
mort. bonds.
Earnings, Ac., for three years ending March 31 were;
Gross
Net Divid’d,
Passenger Freight (ton)
Years. Miles.
Mileage.
Mileage.
Earnings. Earnings. Perot.
1881-82 50
3,481,202
18,107,974
$366,967
$87,187
4
1882-83 50
22,622.270
149,526
4,056,025
407,999
5
1883-84 50
4,555.171
113,784
20,864,921
398,614
6
Gross earnings fur six months to Sept. 30, 1884, $207,065; expenses,
$133,917; net, $73,148.
Snbfcrlbera will confer a great favor
on
first page
headings, Ac., see notes
of tables.
Vicksburg <& Mtridian—1st mortgage
Miles Date Size, or
Amount
Rate per.
Par
of
of
Outstanding
Cent,
Road. Bonds Value.
140
140
140
354
..
cumulative).
VirgUna Midlandr—Stock
Bonds, 1st series
do
do
do
2d series
3d series
4 th series
5tli series
do
6th series
do
Income bonds, cumulative
Virginia & Truckct— i st M.(pay’ble$100,000 aye ar)
Wabash St. Louis <£ Pacific—Stock, common
Preferred stock, 7 per cent (not cumulative;
Receivers’ certificates
General mortgage, gold (for $50,000,000)
Collateral trust bonds coup, (see rt marks)
1st mort bonds on Champaign Hav. & West
do
1st pref., convertible
1st mort. bonds «n Chicago A Straw u
1st mort., gold, on Cairo Division
1st mort.,
1st mort.,
gold, Detroit Division
gold, Indianapolis Division
Indianapolis Peru A Chic.. 1st mortgage
Hav. Rautoul A East., 1st mortgage
1st mort., gold, Iowa Division
Wabash, 1st mort. (Toledo A Illinois)
do
1st mort. (Lake Eric Wab. & St. L.)
do
1st mort. (Great Western of 1859)
.
do
1st mort.
(Quincy & Toledo)
Vicksburg Sc Meridian.—Line of
54
3,518
3,518
All.
All.
131
131
262
270
112
87
74
75
143
75
167
180
33
1881
1881
1881
$1,000,000
1,000,000
1,920,000
6,000,000
600,000
1,900,000
1,100,000
943,800
1,775,000
1,310,000
3,659,102
$....
....
100
1881
188L
1881
1881
1881
1881
1882
1874
.
.
.
.
1,000
1,000
700,000
is 8 4
1880
1883
1880
1879
1880
1881
1881
1881
....
1,000
1,0 )0
1.000
100 Ac.
ROOD
1,000
1,000
1,000
1,000
....
1881
1853
1853
1863
1865
1,000
1,000
1,000
1,000
1,00 )
$141,324.
Virginia Midland.—Line of Road.—From Alexandria to Gordohaville, 88Guiles; WaiTenton Branch, 9 miles; Charlottesville to
Harrisonburg, is leased to the Baltimore A Ohio, leaving
354 miles
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
whjcli 49 miles leased to Balt. & Ohio;; Front Royal Branch, 1 mile;
total owned, 347 miles. Leased, Orange C. H. to Charlottesville, 28
miles; Pitts .ille to Rocky Mt., 30 miles; total leased, 58 miles Total
owned and ieased, 405 miles, of which 51 miles, Strasburg Junction to
Alexandria and Gordonsvillc, including Warrcnton Branch aud lease of
Charlottesville and Rapi iau Rii.,and a first lie a between 'harlotte.->vdle
and Lynchbiuv; the tnird series is a third lien between
Gordonsvillc, includiug Warrento i Branch and lease of Charlottesville
& Rapidan RR., and a second lien between Charlottesville aud
burg; the fourth scries is a fourth lien between Alexandria
Alexandria and
Lynch¬
and Gordonsville,including Warreuton Branch audleaseof Charlottesville & Rapidan
RR., an l a third lien between Charlottesville and Lynchburg; the tilth
Iii
Earnings for the years ending September 30 were:
Miles.
Gross earnings. Operat’g exp’ses. Net eam’gs
1881-82
$1,491,921
$>45,116
$546,801
1882 83....
354
1,664,204
956.191
708,009
999,217
1883-81
334
1,625,830
626,612
are
$914.2 M; net, $394,561.
spent for con
miles
Tne
were
In 1882 gross earnings, $741,“45; net
$287,518; dividend payineuts, $97,5o0. While the nominal stoex
$6,000,000 the reports s ly that the amount of paid-up capital is not
known iu consequence or the destruction of the books by fire several
years ago. D. O. Mills, President.
Nov.
15, 1831
1, 1921
1, 1926
1. 1931
1, 1927
Aug. 1, 1889
0
?
....
J. A
M. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
J. A
M. A
F. A
F. A
F. A
M. A
D.
N.
D.
J.
J.
J.
J.
D.
D.
J.
S.
June 1, 1920
o*d
§®
c
W a *
,• y ©
ts g*
1
June 1, 1921
1897
Mar. 1, 1921
■*-> ©
tH
* p
r
>1®
.
r-l
A.
A.
A.
N.
May 1, 1913
Dec., 1910
July 1, 1909
July 1, 1910
Oct. 1, 1931
July 1, 1921
Jan. 1, 1921
S3
,-v1-»
Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
Nov. 1,1890
H ©*a
Pacific.—(Formerly operated by Mo. Pacific,
number of miles of road operated
December. 31'
City & Northern roads and
1871.
April, 1883, the Wab isli St.
Louis A Pacific was leased for 99 years
the Missouri Pacific), on
4,000,000
First preferred stock
Second preferred stock
Common stock
23,000,000
27,000,000
to the
amount of $17,090,000, aud the balance to be exchanged for collateral
trust b >uds. The holders'of the preferred and common stock * ill be
invited t» subscribe at the ru e of not exceeding $8 a share for th 3 first
preferred stock. And this subscription, amounting to $4,009,000, will
produce that s m iu money. The money will be applied to the payment
of floating debt. The result of the plan, successfully carried out, will
be to exchauge a mortgage aud secured debt of about $25,000,000 for a
debenture mortgage bond, dependent upou income, of $20,000,600, aud a
redu -ti >n of the compulsory fixed charges by the amount of about
$1,500,000 a year; that is to say, this amount of inter.-st must depend
upou iucom \
By means of foreelos ire the unprofitable leases and
other unsatisfactory contracts are to be extinguished.
Modifications of this plan proposed by the bondholders’ committee in
London, as cabled February 19, were published m the Chronicle, V.
President.
bonds
1, 1906
1, 1911
1, 1916
In
Pardons, M. A. Payne, G. S. Seott and A. D. Shepard, a committee of fi . e
directors, was appointed by the chairman to consi ler the expediency of
creating a general mortgage to secure an issue of 5 per cent bouds for
an' amount not exceeding $12,500,000, to secure and provide for
the entire bonded obligations of the company, including its iucome
bonds. If, in the opinion of the committee, this is deemed expedient,
they were to report to a meeting of the stockholders to be called by the
to Virginia, Nev., 52
Mar
Mar.
Mar.
Mar.
Mar.
Mar.
Jan.
a
Q.-F.
....
7
Fran., Bank of Cal.
....
1 *2
7
San
Q.-F.-
....
0 g6
6
7
5
5 g.
6 g.
0 g7
7
6 g.
7
7
S. Balto., Mech. Nat.Bank.
do
S.
do
S.
do
S.
do
8.
do
S.
J. N. Y. ,Cont.T r. ,or U’x’d’a
&
&
A
A
A
A
A
ish its net earnings each
the collateral trust bonds.
May. 1884, Messrs. Solon Humphreys aud Tlios. E. Tutt were
appointed receivers o i the company’s own application in view of the
prospective default June 1 on the general mortgage bonis. Receiver’s
ertilicates were to be issued
if authorized f >r $4,200,000, of
which $2,200,000 to take up notes endorsed i>y Messrs. Gould,
Humphreys aud others, were of inferior lien. Sec v. 33, p 756 ; V. 39,
23. The prior bontls on which th ' interest was t > be paid as earned
are enumerated in V. 39, p. 117, and the first plan of re irganization is
iu V. 39. p. 149 aud 210, by which it was proposed to assess the stock
$8 a share, and to have an amicable foreclosure of the general and col¬
lateral trust mortgages aud the issue of new securities, as follows:
Debenture mortgage bonds, 6s, dependent upon income. $20,000,000
4-t the annual meeting in Dec.. 1-81. President Barbour declined a re-
,
M.
M.
M.
M.
M.
M.
J.
the St. Lo iis & Iron Mountain (and thus to
the general basis of paying over to the Wab
year. The St. Louis & Iron Mt. also guarantees
election, and Col. A. 8. Buford was chosen in his place, with the follow¬
ing direerors: John 8. Barbour, George F. Baker, C. M. Blakeford, C. 8.
Bncp, Joseph Bryan, William P. Clyde. R. A. Cogliill, H. C. Fahnstock,
C.'G. Holland, J. O. Lovell aud John MeAvery. J. C. Mabe i, George
Reno, Nev
6
6
5 & 6
3-4 5
5
4 A 5
6
10
to
scries is a first lien between Manassas Junction and Harrisonburg, in¬
cluding Front Ro\ al Branch and lease of road from Strasburg to Harriseouburg to the B. A O. Rrt .and a fifth lieii between Alexandria and
Gordonsvi 11;, including Warreuton B-anch audleaseof Charlottesville
A Rapidan RR., and a fourth lien between Charlottesville aud Lynch¬
burg; the sixth scries is a first lien between Lynchburg and Danville,
including Pittsville Branch aud lease of Franklin A Pittsylvania RR.,
anfra-sixth lien on lease of Charlottesville A Rapidan Railroad.
The $3,555,000 income bonds were issued to retire 1st aud 2d preferred
Btook, every ten shares of preferred to be entitled to exchauge for 10
shares of common and a $l,0«»o income bond. The company issued
additional coumum stock, making the total as above.
—
•
....
sold iu foreclosure August 26,
and Gordonsvillc, including lease of Charlottesville A Rapidan Railroad
and the Warreuton Branch ; the second scries is a secon l lien between
Junction to Silver City, 2 miles; t da1, 54 miles.
payable $100,'-00 per year. Gross earnings iu 1881
•
do
do
pany was
sold
Richmond
Virginia Sc Truekee,
•
•
April 1, 1921
May 1, 1921
June 1, 1921
York, Plock A Co.
de
do
M. & N.
their branches. The Wabash Com¬
organized Jan. 1, 1877, as successor of the Toledo Wabash &
Western, which company was formed June 2 5, 1856, by a consolidation
of several companies, and defaulted on its interest in 1875 and was fore¬
closed June 10, 1876. The St. Louis Kansas City A Northern was
formed in 1871 as successor of the North Mi-souri Railroad, which was
Kansas
and stock issued a-i above.
The Baltimore & Ohio had large claims against the company for
coupons, an l after reorganization that eonipaii3r and the Garretts
their large interest, amounting to $3,000,000 in stock* to the
A Danville Syndicate, the last payment being made in Jau., 1883.
Of the above bonds, the first series is a first limi between Alexandria
In 1882 *3 $119,903 in addition to above expenses were
Btmotion, Ac., and in 1883-4, $198,841. (V. 39, p. 734.)
A. & O. New
Quincy. 22; Bluffs to Hannibal, 48; Maysville to Pittsfield, 6; Clayton
to Elvaston, 3 »; Edwardsvilie to Edw .rdsville Crossing, 10; Detroit to
Logunsport, 214; Michigan City to Iudia moolis, 161; Attica to Cov¬
ington, 15 ; West Lebanon to Leroy, 76; P. & D. Junction to St. Francisille, 109; Viuceunes to Cairo, 153; Bates to Grafton, 71; Champaign
to Sidney, 12; Hollis to Jacks mville, 75; Springfield to Havana, 47;
Streator to Altamont, 157; Shumway to Elfingham, 8; Strawn to Chicago,
100; Urbaua to Havana, 102; Whit3 Heath to Decatur, 30; State Line
to Keokuk, 222; Hamilton to Wars iw. 5; La Harpe to B irlingtou, 20 ;
total east of the Mississippi, 2,26 7 miles.
West of the Mississippi—St.
Louis to Kansas City, 27 7 miles; St. Louis Levee to Ferguson Junction,
10; Centralia to Columbia, 22 ; Glasgow to Salisbury, 3 6; Moberiy to'
Ottumwa, 131; Brunswick to Council Bluffs, 224; Roseberr . to Clarinda,
21; N. Lexington to St. Joseph, 77; West Quincy to Trento . 136; Keo.
kuk to Humeston, 131; Relay to Albia,.24; Des Moines to Fonda. 115 ’
Albia to Des Moines, 6’; total west, of the Mississippi 1,2 52 miles*
Grand total east and west, 3,518 in., of which 80S m. were leased roads*
Organization, Leases, &c.—The Wabash St Lmis & Pacific was
formed Nov. 7, 1879, by a consolidation of the Wabash an 1 the St. Louis
operated.
The Washington City Virginia Midland & Great Southern was a con¬
solidation (November, 1872) of the Orange Alexandria & Manassas and
Lynchburg A Danville railroads. The Orange Alexandria A Manassas
■was a consolidation (June 1, 1867) of the Orange A Alexandria and the
Manassas Gap. The Washington City Virginia Midland A Great South¬
ern was put into the hands of a receiver July 1, 1876, interest being in
default, an l was sold in foreclosure May 13,1880, and after litigation
sold again Dec. 20, 1880. Reorganized as Virginia Midland, and bonds
branen line, Silver
londs—Princilal.Wben Due.
Stocks— Last
Dividend.
1882, was as follows: East of the Mississippi River—Toledo to East
St. Louis, 436 miles; Decatur to Camp Point, 3 29; Camp Point to
second
Pittsville
Whom
—Line of Road —The
mortgage bonds, with interest at 3 per cent for two years, 4 per cent for
two years, 5 per cent for one year and 6 per cent for thirty-five years;
$1,920,000 of third mortgage income bonds, with interest at 7 per cent,
if earned; and preferred stock, $1,937,189; common stock, $3,957,100.
Grbss earnings for year ending March 31, 1883, were $495,851; net,
Lynchburg to Danville, 6 3 miles;
Where Payable, aud by
Wabash St. Louis Sc
Road.—Vicksburg to Meridian,
in
When
j payable
6
3 to 6
7
27,337,200
23,034,200
329,7-iO
17,000,000
5,671,00 >
1,210,000
340,900
4,500.000
3,857,000
2.052,000
2,000,000
2:5,000
300,000
2,269,000
90 >,000
2,500,000
2,49 i,000
500,000
109
100
„
Miss. It is mainly owned and controlled by the Alabama N. O. Tex. A
Pac. June. Co., and forms a part of the route of that company between
Cincinnati and New Orleans, which was opened for business
Novem¬
ber, 1883. The company was unable to earn full interest, and reorgan¬
ization was made in 1881 with bonds as follows: $1,100,000 of first
mortgage 6 per cent, forty years, gold bonds; $1,100,000 of
Lynchburg, 60 miles;
discovered in these Tables.
by giving immediate notice of any error
VM 3f,.y*
2d mortgage
8d mortgage income (not
[VOL. XL.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of column
BONDS.
AND
STOCKS
RAILROAD
8«i-
The debenture
-
bonds to be exchanged lor general mortgage bonds
40, p. 241.
The following roads were held under leases, viz.;
Peoria & Western. Boone County & Booneville, St.
Cedar
Rapbls St. Joseph & St. Louis,
Eel River, Toledo
Lmis Ottumwa &
Brunswick A. Cliillieothe. St. Louis
Council Biuffs A Omaha, Quincy Missouri & Pacific and Missouri Iowa A
Nebraska, in all 808 miles of road. The facts in regard to the leased linos
are condensed from the company’s report for 1882 and Poor's Manual, as
state¬
consider¬
other com¬
panies. The amount of rentals paid iu 1882 for lines n <t included iu the
tali’e below was $325,083; the total paid (not including the St. Louis
follows; The rentals of the several lines contained iu the tabular
ment amount to $662.525.. In addition the company leased a
able number of short lines aud parts of lines belonging to
bridge) was $937,608.
List of
obligations on principal lease! lines:
Description.
River—Logansporfc to Butler, Ind —
Rental, interest on $2,7o2,009 stock, i per
cent for 2 years. 4 per cent for next 3,
4tfi pei‘ cent aft 1*
Total
Annual
Principal. Rate. Charges.
Am >u it of
,
Eel
organization...
Also $! ,2 <0 per annum for
Tol. Peoria & West —State Line,
Ind , to Bur¬
lington. Hamilton and Warsaw, III.'—
Rental 30 per cent of gross earnings.
Min¬
imum to equal interest on first mortgage
bonds T. P. A W. Railway
$2,792,090 4
—
4,500,000 7
$L11,680
1,20 )
315,000
Subscribers will confer a great
favor by giving Immediate notice of any error
DESCRIPTION.
For
explanation of column headings, &o., see notes
on first pace of tables.
Wabash St. Louis & Pacific—( Continued) —
Wabash, 1st inort. (Ill & So. Iowa) extended
do
2d mortgage (Toledo & Wabash)
2d mortgage
do
do
do
do
do
do
(Wabash & Western)
2d mortgage (Great West, of 1859)
Consol. M., (onall but Dec. & E St.L.)..
1st mort., (Decatur &E. St. Louis)
Funded debt bds (sec.by dep’sit of coups.)
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal & Naples, 1st mortgage
St. L. K. C. &No., 1st mort. (North Missouri)
do
real estate & railway 2d mort....
do 1st & 2d M.on St. Char. Bridge,coup.or rg
do 1st M., Omaha Div., gld, s.f., coup.or rg
do
1st mort.,
gold, Clarmda Branch
Toledo Peoria & West., 1st mortgage
do
1st pref. income, conv., int. guar..
Quincy Mo. & Pacific, 1st mort., gold (int. guar.).
Centrev. Moravia & Alb. RR., 1st mortgage
Chicago Cincinnati & Louisville, 1st mortgage...
Ware River—Stock (guaranteed)
Warren (R.J.)—Stock
2d mortgage, now 1st
1st consol, mortgage
Washington City <& Pt. Lookout—1st
1st mort.,
gold (for $2,000,000)
M. bonds gold.
Miles
of
Road.
29
75
167
180
490
109
.
•
•
a
•
•
a
a
50
354
354
....
146
22
237
....
136
24
73
49
18
18
18
12
Size, or
of
Par
Bonds
Yalue.
1862
1853
1858
1865
1867
1869
$500*fco.
1877
1879
1879
1865
1874
1878
1879
1879
1880
1880
1879
500 &c
....
1867
....
1855
1870
1875
1873
1880
L. Ott. & Cedar Rapids—Coatsville, Mo.,
to Ottumwa, Iowa—
Rental of 7 per cent on $322,500
St. Jo. & St. L.—No. Lexington to St. Joseph—
Rental 30 per cent of the gross earnings, at
minimum of
$25,000 per annum
1,000
1,000
1,000
1,000
1,000
....
....
....
....
322,500
7
22,575
571,000
7
40,000
Aug. 1, 1912
and the formal leasd
the Wabash in com*
plete control of the Missouri Paciflo prior to the appointment of receivers
Gould Southwestern system running into St. Louis,
to the St. Louis & Iron Mountain Company placed
for the Wabash.
of
6
18,270
Rental to bo interest on $626,000: 4 per
cent per annum for 5 years, 6 per cent
after. Interest January and July
626,000
4
25,040
report
For eleven months of 1884 (Jan. 1 to Nov. 30) the following
earnings, expenses and disbursements has appeared, which
only statement made of Income:
304,500
earnings
Operating expenses
Changes.
1883.
1884.
$15,247,997
12,445,114
Gross
is the
Deo. $142,178
Ino. 265.044
$15,390,175
12,180,070
$2,802,883
$3,210,105
Dec. $407,222
payments under court orders for 1884 will be $2,733,777;
taxes, $532,159; car trusts, $212,710; rentals, $248,903; total, $3,727,Net
Interest
St.L.C.B.&O.—Chillioothe to Pattonsb’g,Mo.—
Total
F. & A.
•
500 &o.
100
100
7,000
6
Stocks—Last
Dividend.
by
.
1,000
100,000
Payable
pal,When Due.
Where Payable, and
Whom.
When
11
1,000
1,000
1,000
7
Rate per
Cent.
$300,000
1,000
Tot. An’l
Bonds—Prinof-
M. & N.
7
May 1. 1893
1,000,000
I May 1, 1803
M. & N.
7
1,500,000
g'S
M. & N.
7
May 1, 1893
2,500,000
Feb., 1907
7
o d
2,610.000
Q.-F.
oSd
F. & A.
7
Aug., 1889
2,700,000
Feb. 1, 1907
F. & A.
6 & 7
3.009,675
o ©
4. & 0.
7 g.
April 1, 1909
2,000,000
June 1, 1909
J. & D.
7
q ®
500,000
J. & J.
7
July 1, 1895
6,000,000
MO
M. & S.
7
ft
Sept. 1, 1895
3,000,000
1903-1908
5 u
1,388,500 6 & 7 g. A. & O.
O >
7 g. A. & O.
April 1, 1919
2,350,000
6 g- F. & A.
£ ©
Aug. 1, 1919
264,000
Oct. 1. 1917
7
4,500,000
Q.-J.
«u
J. & J.
4
1,190,000
Oct. i, £909
6 g. J. & J.
1,204,000
Feb.. 1920
J. & J.
6
a
400,000
Jan., 1887
7
J. & J.
1,000,000
Jan. 7, 1585
J. & J. Boston, Bost.& Alb. RR
3*3
750,000
Oct., 1884
A. & O. N.Y., Del., L. & W. RR.
3i*
1,800,000
A. & O.
do
do
April 1, 1900
7
750,000
March 1. 1905
M. & S.
do
do
7
600,000
1903
6
J. & D. Baltimore, Balt. & O.RR.
540,000
Nov. 1, 1900
6
1,000,000
1,000
1,000
1,000
Brunswick <fc Chillioothe—Brunswick to Cliillicothe, Mo —
Rental to be interest on $304,500: 4 per
oent per annum for 3 years, 6 per cent for
19 ycarR, 8 per cent for 3 years
Quincy Mo. & Pacific—W. Quincy to MilanRental: upon earnings of $600,000 or more,
30 per cent; upon earnings less than
$600,000 and not less than $400,000, 25
per cent; and upon earnings less than
$400,000, 20 per ct. In auy event inter¬
est upon the bonds to be p:ud and deficit
made up by Wabash Company. Interest
payable January and July
Amount
Outstanding
250 &o.
100 &c.
Principal. Rate. Charges.
1,189,000 4
47,560
discovered in these Tables.
INTEREST OR DIVIDENDS.
Date
Amount of
Description.
Int. on 1st pref. income bonds T. P.&W.Ry.
Boone Co. & B.--Centralia to Columbia, Mo.—
Rental of 7 per ct. per annum on $100,000.
a
sr
RAILROAD STOCKS AN© BONDS
February, 1885.]
549.
For the year 1883 no annual report of this company was made, but a
brief report of the income account for the last six months of the year
was embraced in the Missouri Pacific report,
A condensed balance
sheet of a few lines was also given, from which it appeared in compari¬
son with the balance sheet for 1882 that the net deficit in income for
1883 was $2,037,704.
GENERAL BALANCE DEC.
1.204,000
$11,637,000
$662,525
Joint obligations with the Missouri Pacific Railway Co. on account of
the lease of tne St. Louis Bridge & Tunnel Railroad, dated July 1,1881, are
stated under the title of St. Louis Bi idge & Tunnel RR. among “Miscel¬
laneous Securities” in this Supplement. The earnings of the bridge and
tunnel are not included in the earnings of the Wabash St. Louis <fc Pacific
Railway, but are applied to pay the rental.
The Centrev. Mor. & Albiais leased in perpetuity; rental, interest on
bonds. The Des Moines Northwest, is leased for 99 years from Feb. 28,
1881; rental, interest on bonds, any surplus of net earnings after such
in per¬
payment to go to stockholders. The Des M. & St. L. RR. is
Teased
petuity; rental, int. on bonds. All these roads are practically the property
of the W. St. L. & P. RR. Co., and preserve merely a nominal existence.
The Toledo Poona & War. company made default Dec., 1873, and was
operated by a Receiver until sold in foreclosure on Jan. 20,1880. It
was purchased by a committee of bondholders for $6,000,000, and re¬
organized as Toledo Peoria & Western. This company made a lease for
the term of its charter to the Wabash St. Louis. & Pacific on terms as
follows, viz.: That the Wabash Pacific guarantee 7 per cent on the
$4,500,000 first mortgage 'bonds of the Toledo Peoria & Western.
The $2,900,000 income bonds to be guaranteed
at 4 per cent
and to be convertible at par for Wabash St. Louis & Pacific common
stock. The $1,000,000 second preferred income bonds were also convert¬
ible into Wabash preferred stock, share for share. The Toledo Peoria &
Western stock ($3,000,090) was changeable into Wabash common stock,
three shares for one; since the default of Wabash in July, 1884, the
bondholders oi this road are taking measures to protect themselves.
Stocks and Bonds.—Preferred stock has a prior right to 7 per cent
(non-cumulative); then common to 7; then both share in any surplus.
Prices of stock since 1879 have been: Common in 1880, 26hi®48 ;
in 1881, 33^60; in 1882. 2358®39'’q; in 1883, 15 ©36%; in 18S4,
4®19%; in 1885, to Feb. 20, 4«5^. Preferred in 1880, 5H4®883s;
in 1881, 6414/S>9614; in 1882, 4578®71«8; in 1883, 293e@57^; in 1884.
9®32; in 1885, to Feb. 20, 11® 14.
The trustees of the general mort. for $50,000,000 are the Central Trust
The mort. may be foreclosed
Co. of N.Y. and James Cheney of Indiana.
after six months default of interest, if a majority in value of all the bond¬
holders so request the trustees. First nioit. on St. Charles Bridge is for
$1,000,000, and is 6 per cent now, running absolutely till 1908.
The amount of funded debt bonds of 1877, due 1907 as above given,
includes the scrip certificates for coupons funded and deposited in trust,
which certificates amounted January 1,1883, to $1,014,453, and are
•
Liabilities—
Common stock
Preferred stock
Funded debt
Interest due and accrued
Notes and loans payable
Balances and accounts
1883.
$116,329,942
8,667,697
72,240
6
31.
1882.
Assets—
Cost of road and equipment
Investments in stocks and bonds
Supplies and materials on hand
Income account (debit)
600,494
700,404
2,035,880
4,073,584
$127,733,923
$131,664,837
$27,140,500
$27,337,200
23,034,200
76,466,075
1,544,836
23,034,200
70,937,854
1,443,040
3,276,050
2,773,516
$127,733,923
$131,664,837
V. 36, p.
inclusive were:
.•
509,010
1,902,273
Tne annual report for 1882 was published in the Chronicle,
338. The comparative statistics for three years up to 1882
ROAD AND
Total miles
operated
EQUIPMENT.
1880.
2,479
1881.
1882.
3,348
3.518
operations and fiscal results.
1880.
1881.
1,992,763
3,215,200
97,774,576 137,114,727
Rate per passenger per mile
2-398 cts.
2-238 cts.
4,533,187
Freight (tons) moved
5,393,917
Freight (tons) mileage
1,105,783,399 1,149,774,547
0*862 cts.
0 928 cts.
$
1882.
4,251,383
. 6,198,560
2-373 otff.
5,911,012
1,247,011,320
0*951 OtS.
2,344,452
9,532,334
3,067,989
10,667,906
3,944,520
Operations—
Passengers carried
Passenger mileage
Av’go rate per ton per mile
Earnings—
Passenger
Freight
Mail, express, &c
Total gross earnings...
Total operating exp’ses
Net earnings
Per ct. of expens to earn...
$
11,886,228
10,792,943
1,021,948
16,851,689
11,664.753
3,674,846
5,180,937
551,326
731,894
12,428,112
14,467,789
7,787,349
4,640,763
.
69-$2
74-59
62-65
INCOME ACCOUNT.
1881.
$
1880.
$
Receipts—
Net earnings
Other receipts.
Total income
Disbursements—
Rentals paid
Interest on debt
Taxes, rent of cars,
-
3,674,846
33,601
4,674,364
277,245
32$,7£Q
3,952,091
5,515,697
1,009,079
3.447,627
637,504
987,608
2,657,360
Dividends
$
4,640,763
481,255
&c.
1882.
514,569
$
4,302.006
809,105
1,329,918
exchangeable into the bonds. If not exchanged the certificates fall due
with the principal of the bonds from which coupons were cut.
The collateral trust bonds of 1883 were issued for floating debt.
These bonds are guaranteed by the St. Louis Iron Mountain <fe
Southern RR. Co., and in 1884 a mortgage was recorded on all the
Wabash property for $10,000,000 to the St. Louis Iron Mt. & Southern as
security for this guarantee.
The old Toledo & Wabash equipment bonds of 1862 ($600,000) were
decided in March, 1883, to be a lien against this company, with interest
since 1874, making $1,100,110, and Judgment was so entered in May,
1884; but an appeal to the U. S. Supreme Court was taken by the com¬
6,098,719
Total disbursements....
3,655,184
6,424,128
def.583.022
Balance, surplus or deficit., sur.1,019,180 def.2,472,037
-(V. 38. p. 178, 358, 447, 541, 620, 639, 680, 707, 731, 756; y, 39, p.
23, 41, 73, 98, 117,149, 183, 210, 265,325, 350,402,437,462, 494, 574,
707, 708; V. 40, p. 153, 184, 241.)
Ware River.—Palmer, Mass., to Winchendon, Mass., 49 miles. 14
is leased for 999 years to the Boston & Albany Railroad at a rental of 7
pany.
Bridge, N. J., 18*4 miles.
Springfield, Mass.
per cent per annum. J. A. Rumrill, President,
Warren. N. X.—Line of road, New Hampton
Junction to Delaware
The road is leased to Delaware Lackawanna
Operations, Finances, &c.—The Wabash St Louis & Pacific extended <fc Western at 7 per cent on stock and bonds. Gross earnings, 1881,
its lines veiy widely in the years 1879 to 1882 (under the presidency of $593,234; net. $345,274; 1882, gross, $181,985; net, $255,191. Joh*
Mr. Solon Humphreys), by the acquisition ot branch and connecting
[. Blair, President, Blairstown, N. J.
(Y. 32, p. 611.)
roads, and thereby assumed heavy liabilities. Although the earnings
Md., to
Washington City & Point hookout.—Hyattsville,
have increased largely, the annual liabilities have so far been in excess
of the net profits. The road was operated in close connection with the Shepherd, Ma., 13 miles, and to he extended. This road was opened ia
Subscribers will confer a great
For explanation of column
on
first page
headings, &c., see notes
of tables.
mortgage loan
186
38
63
128
34
k.
do
consolidated
Consolidated mortgage
West Jersey <& Atlantic—1st mortgage
Pleasantville A Ocean City
West Virginia Central & Pittsburg—1st mort
Western (Ala.)—Western RR. bonds, before consol..
2d mort.. guar, by Cent, of Ga. and Ga. RR. AB. Co.
Western & Atlantic (Ga)—Income bonds
Western Maryland—1st mort., endorsed Balt. City..
mortgage, unendorsed
2d
do
endorsed by Baltimore
2d
do
endorsed by Washington County
2d preferred mortgage, unendorsed
3d mortgage, endorsed by Baltimore
4th
do
endorsed by Baltimore
11887--390232
Amount
Outstanding
$1,441,750
1,000,000
1,000,000
747,000
440,000
$50
500Ac.
500 Ac.
500 Ac
1866
1869
1879
1880
1,000
80,0»'0
100 Ac.
1,100,000
1
1st
j
..
Funded coupons
44
160
138
90
90
90
90
90
90
90
130
189
57
28
Western North Carolina—1st mortgage
Consol mortgage
Western Pennsylvania—1st mortgr ge
1st mortgage, Pittsburg Branch
Registered bonds
1868
1870
1873
1858
1858
1867
1867
1868
1870
1872
1880
1881
1863
1865
mortgage
100
500
500
500
500
500
500
.
.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
-
«
79
180
Wilmington <£• Northern—Stock
Wilmington <& WeIdon—Stock—.
Sterling bonds..
Sinking fund bonds, gold
1,000
1879
1882
1,000
_
....
....
...
_..
100
;
....
....
....
Rate per
When
Cent.
Payable
3
6
7
6
6
6
6
8
8
10
6
6
6
6
6
6
6
6
7
6
6
6
5
Where
these Tables.
Bonds—Princi¬
800,000
1,000,000
2,500.000
1,300.000
2,721,000
2,280,000
960,000
1,600,000
1,278,050
2,082,400
221,400
936,000
pal,When Due.
Payable, and by
Wnom.
Stocks—Last
Dividend.
•
M. A S. Phila., Pa.RR.Co. Office Sept. 15,1884
do
do
J. A J.
Jan., 1896
do
do
A. A O.
Oct.. 1899
M. A N.
do
do
Nov., 1909
M. A S. Phila., Fidelity I. T. Co. Sept. 1, 1910
J. A J. Phila., Penn. RR. Offioe. July 1, 1910
....
A. A 0.
4. A O.
Q—J.
J.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
N. Y., Nat.
do
City Bank.
....
.
do
Atlanta, Co.’s Offioe.
J. Balt., N. Mechanics’ B’k
do
do
J.
do
do
J.
J.
Hagerstown, Md.
J. Balt.,N. Mechanics’ B’k
do
J.
do
do
do
J.
do
do
1188779--203940 18-324
3,100,000
500 Ac.
100 Ac.
1883
200,000
400,000
300,000
300,000
600,000
875,000
1,000,000
657,100
850,000
1,000
1880
1st mortgage
.
•
227
Wilmington Columlna & Augusta—Stock
600,000
1,171,000
513,000
1,000
1,000
65
White Watei—Stock ($325,000 of it pref.)
Wheeling & Lake Eine.—1st M., gold ($15,000 p. m.)
2d
Vol. XL,
INTEREST OR DIVIDENDS.
Date
Miles
Size, or
of
Par
of
Road. Bonds Value.
Jersey—Stock
1st
1st
BONDS.
AND
favor by giving immediate notice of any error discovered in
DESCRIPTION.
West
STOCKS
BAILROAD
88
.
J.
A
A. A
J. A
J. A
J.
O.
J.
D.
Philadelphia, Penn. RR.
do
do
do
do
Oct. 1.
Oct. 1,
Oct. ’79
Jan. 1,
Jan. 1,
1888
1890
to ’91
1890
1890
Jan., 1895
Jan., 1895
Jan., 1895
Jan., 1900
Jan., 1902
1890
May 1,
Jan. 1,
April 1,
Jan. 1,
June 1,
1890
1911
1893
1896
1923
....
6 g.
7
3
6
M.
M.
J.
J.
A
A
A
A
N.
S.
J.
D.
N.
Y., C. K. Garrison.
Nov.
1, 1909
1912
Baltimore.
N. Y. and Baltimore.
Jan. 10,1885
June, 1910
....
4
7 g7 g.
J. A D.
M. A N.
J. A J.
Jan. 15, 1885
1886
1896
London.
N.Y.,Bost.,Lond.,Frank
The road was financially embarrassed, and was
1873.
miles; total, 210 miles.
Annum.
gurchased
April
17, 1875, finished
by commissioners
for theA State
of North
arolina,
subsequently
by the Richmond
Danville
Ter¬
It is leased to the Baltimore & Ohio for $36,000 gold per
The stock paid in is $1,000,000. Same officers as Baltimore &
Ohio Railroad.
West
Jersey,—Main line and branches—Camden to Cape May,
Bridgeton, Riddleton and Sea Isle, 119 miles; leased lines, 35 miles;
West Jersey & Atlantic RR., 34 miles; total, 188 miles operated.
Gross earnings for 1884 were $1,319,648, against $1,227,654 in 1883;
net, $503,3u6, against $441,897 in 1883; interest and rentals. $299,375
in 1884, $281,298 in 1883; surplus for stock in 1884. $209,930; in 1883,
$160,599. The annual report for 1883 was published in the Chronicle,
V. 38, p. 478. Income account for three years was as follows:
INCOME ACCOUNT.
$
441,896
430,646
$
454,667
441,896
33,034
33,034
177,118
3,074
Total income
Disbursements—
Rentals paid
Interest on debt
Net earn, of W. J. & Atl. RR., Ac..
Dividends
Bate of dividend
;
175,726
54,390
4 p. c.
114,462
V. 39, p. 265; V. 40, p.
$
36,571
178,888
73,075
85,232
$
57,775
82,807
53,034
316,184
Total disbursements
Balance, surplus
—(V. 38, p. 149, 478
$
$
454,667
427,572
Net earnings
Other receipts
1883.
1882.
1881.
Receipts—
r
6 p. c.
s
350,734
103,933
6 p. c.
373,766
68,130
184.)
ana
minal Railway A Wax chouse Company, and is operated as a part of the
Richmond A Danville s stem. It is proposed to complete the road to
Cleveland, Tennessee. In 1881-82 gross earnings, $218,934; net, $28,505. In 1883 gross earnings were $360,065, net, $181,584.
Stock,
$4,000,000.
(V. 38, p. 541, 596, 620.)
Pennsylvania.—The road runs from Blairs ville to Alle¬
ghany City, Pa., 63^ miles; branch to Butler, Pa., 21*miles; total, 84*3
miles.
Completed in 1865 And branch in 1870. A new lease to the
Pennsylvania Railroad for 30 years was made in 1883, and an issue of
$5,000,000 consolidated bonds was authorized. The Pennsylvania Rail¬
road. lessee, owns $993,050 stock out of the total afnount or $1,022,450,
$288,000 of branch bonds. In 1881 net earnings were $166,954; in
Western
1882, $216,965.
White Water.—Valley Junction, O., to Cambridge City, Ind., 65
miles. This was formerly the White Water Valley, sold in foreclosure
May 2,1878, and reorganized under this title. Gross earnings in 188283, $104,234; deficit, $5,979. Elijah Smith, President, Boston, Mass.
Wheeling 6c hake Erie.—Road under construction—Wheeling. W.
Va., co Toledo, O., 205 miles, and branch, Norwalk to Sandusky, O., 21
In 1883,170 miles were in operation from Toledo to Valley Junc¬
tion, O., and the branch from Norwalk to Huron, O., and exteuded 10
miles to Sharrodsville in 1884. In 1834 company was embarrassed.
Foreclosure begun in July, 1884, and M. D. Woodford appointed re¬
ceiver. Commodore Garrison in New York has been largely interested
in this road. Jno. P. Kennedy, President, N. Y. City.
miles.
-(V. 39, p. 93, 210, 434.)
J., to Atlantic City, N. J.
Wilmington Columbia 6c Augusta.—Owns from Wilmington,
7 miles; total, 41 miles N. C., to Columbia, S. C., 189 miles. Leased jointly, the Central RR,
Opened June 17, 1880, and operated by West Jersey Railroad on a of South Caroliua, Lane, S. C., to Sumter, S. C., 39 miles. Total oper¬
Joint traffic agreement and 25 per cent of gross receipts on West ated, 227 miles.
Road was sold in foreclosure, October, 1879, for $860,500, and com¬
Jersey from traffic of this road to be applied to any deficit in interest
and then as sinking fund for bonds purchasable at 105, or drawn if
pany reorganized under present style.
over that.
In 1884 net earnings were $83,286.
Stock is $666,550.
Fiscal year ends Sept. 30. The report for 1883-4 said: “ It is a cause of
Two per cent dividend paid in July, 1884, and three Jan. 1,1885.
congratulation that the day seems at hand in which the five feet gauges
the various Southern roads will be changed to four feet eight ana a
West Va. Central 6c Pittsburg—A coal and railroad company in of
West Virginia in the upper Potomac region-the Elk Garden Coal Field. half inches, so as to make a uniform gauge throughout the United
The railroad was 47 milts in Jauuary, 1884, and exteusions in progress. States. This alteration, together with change of rolling stock, will re¬
In 1883 net profit on coal sales $41,038; net on railroad, $56,254: quire, it is estimated, an outlay of about fifty thousand dollars. It is
as this sum will be required in cash, that it should be accu¬
total, $97,292. H. G. Davis, President; S. B. Elkins, Vice-President; important,
mulated from the earnings and be set aside for the emergency. There
James G. Blaine, W. H. Barnum, and others, directors.
is no similar amount this company could be called upon to invest from
Weat Jersey 6c Atlantic.—Newfield, N.
84 miles; Pleasantville & Ocean City RR.,
.
Western Alabama.—Line of Road
Selma to Opelika, Ala., 116
miles; branches, Opelika to West Point, 22 miles; total, 138 miles, of
which 50 miles is leased to Louisville & Nashville for $52,000 per
Was a consolidation in 1870 of Montgomery A West Point and
annum.
Western of Alabama. Sold May 10,1875, in foreclosure and purchased
by the Georgia Railroad and Central Railroad of Georgia. The
Jointly
old stock and income bonds were
wiped out in the foreclosure, and the
property is represented by the bonded debt and $846,000 due each of the
above companies. There are also $32,000 second mortgage 8s of Mont¬
gomery AWest Point RR. due May 1, 1888. The gross and net earn¬
ings have been as follows:
Gross
Expenses and
Net ;
Miles.
Earnings.
Taxes.
EamiDgs
167
$544,107
$367,454
$176,Co2
167
579,492
395,498
183,994
150
679,746
402,797
276,949
117
692,911
376,757
88
88
494,539
491,576
290,302
316,154
152,237
258,860
232,716
Western 6c Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138
miles. Built by State of Georgia and opened in 1850, and by an act of
October 24,1870, was leased to a company for twenty years at a monthly
rental of $25,000. In 1881 gross earnings were estimated at $1,500,000,
and net, $600,000; rental, $300,000; surplus, $300,000.
Western
Maryland.—Line of Road—Baltimore to Williamsport.
Md., 90 miles; Einmitsburg Branch, 7 miles; Edgemont to Shippens
burg, Pa., 34 miles; total, 131 miles. The capital stock is $682,050.
The company was largely assisted by the city of Baltimore, and
was unable to pay all its
interest. A compromise was made with
the preferred second mortgage bondholders for funding coupons.
The Baltimore A Hanover RR. was completed to its Connection with
this road in 1880. The Western Maryland operations for three years
have been as follows, but in 1878-79 the construction account was
closed and all expenses charged to operating expenses, on which basis
net
earnings have since been relatively decreased.
Passenger
Gross
Freight
Miles.
Mileage.
Mileage.
Earnings.
124
13,401,848
9,172,272 $540,148
131
654,163
16,201,680 12,876.711
1883 84
131
16,512,178
13,114,956
665,995
~(V. 39, p. 706.)
Net
Earnings.
$175.65:
254,175
258,245
Western North Carolina.—Owns from Salisbury, N. C., to Paint
Rook, Tennessee State line, 190 miles; Asheville to Pigeon River, 20
which it would derive a tithe of the advantage.”
The Central Railroad of South Carolina, after
ducting all expenses, showed a deficit of $3,421,
paying rental and de¬
Earnings have been:
Gross Eam’gs.
Years.
Net Eam’gs.
$547,446
640,956
692,628
718,599
652,869
$145,423
135,917
139,592
205,291
197,485
-(V. 39, p. 706.)
Wilmington 6c Northern.—Owns from Wilmington Del., 'to
Reading. Pa., 72 miles; branches, 7 miles; total owned 79 miles. This
company was organized Jan. 18, 1877, as successor to the Wilmington
A Reading RR. Co., which defaulted on its interest and was sold in fore¬
closure Dec. 4, 1876.
Has bonds amounting to $122,700 in several
small issues. Earnings in 1881 $325,012; net, $66,764. In .1882,
gross,
$339,092; net, $75,064.
Wilmington 6c Weldon.—Road extends from Wilmington to
Weldon, N. C., 163 miles; branch to Tarboro, 17 miles; total, 180 miles.
Was leased November, 1872, to Wilmington Columbia A Augusta Rail¬
road for 99 years. The lessees made default December, 1877, and the
lease was surrendered April 13,1878.
The fiscal year ends Sept. 30. The report
this shows a diminution in the gross, there
for 1883-84 said: “While
an increase in net earn¬
ings. In view of the stringency of the money market and the bad out¬
look at the beginning of the year, every possible retrenchment in ex-
is
E casesbeen
wasmade
been economy
left undone
which might
made.withImprovements
advantage tohave
the future
of operating
the
ave
At least two more passenger cars, two more locomotives, and an
expenditure of $17,000 or $18,000 for sleeping cars were needed. There
are still 35 miles of irou rail in the track, besides the Tarboro Branch,
and it is submitted whether it would not be good policy, while steel
rails are unusually low in price, to take all the old iron rails out of the
track. During the year the Tarboro Branch will need new rails for
repairs ”
The earnings and expenses for six years have been:
road.
Gross
Years.
$505,978
$175,693
603,175
221.698
750,916
30S.833
-(V. 39, p. 680.)
Gross
Net
Earnings. .Earnings.
Years.
Net
Earnings. Earnings.
$"83,790 $209,472
,
797,428
788,014
195.S79
294,631
.
G
RAILROAD
1885.]
February,
Subscribers will confer a great favor by giving Immediate notice
DESCRIPTION.
For explanation
of column headings, Ac., see notes
on
first page
of tables.-
Miles
Date
of
of
Road. Bonds
326
326
326
'Wisconsin Central—Consol, mort., land grant, pref.
1st series
2d series, ineome
Mort. on road, Chippewa Falls to St. P..ul
Worcester <& Nashua <£ Rochester—Stock
Bonds, mortgage
Bonds, mortgage
Bonds, mortgage
Nashua & Rochester, 1st M., guar, (for $700,000)
«
.
•
1879
1879
1879
or
Amount
Par
Value.
Outstanding
48
Bonds—Princi¬
3
.
ioo
100 Ac.
500 A<.
lOOOAc.
500 Ac.
Where
Whom.
5
2 to 5
2 to 7
M. & N.
J. A J.
J. A J.
Boston, Office.
Dividend.
5 p.
do
do
cL yearly
1909
....
...
1*2
5
5
5
5
400,000
700.000
Stocks— Late
Payable, and by
Payable
3,800,000
5,700,000
(?)
3,099,800
275,000
250,000
-
When
pal,^When Due.
Rate per
Cent.
$360,000
$....
•
1873
1875
1874
of any error discovered In tbese Tables.
INTEREST OR DIVIDRNDS.
Size
94
8»
AND BONOS.
STOCKS
CANAL
AND
J. & J.
Worcester, Office.
do
do
Various
A. A O. Bost., Globe Nat. Bauk.
F. A A.
do
do
do
do
A. A O.
Tan.
1, 188
May 1, 1887
April 1, 1893
Feb.
1, 1895
April 1, 1894
CANALS.
Albermarle <6 Chesapeake—Stock
Mortgage bonds
Chesapeake <& Delaware—Stock
1st mortgage (originally $2,800,000)
Chesapeake <& Ohio—Stock
Maryland loan, sinking fund
Guaranteed sterling loan
Bonds having next preference
Repair bonds, Act 1878
Delaware Division—Stockr (Conv.into L.C.AN.stck.)
1st mortgage (extended 20 years in 1878)
1879-0
Delaware <k Hudson—Stock
1st mortgage, registered
Debenture loan of 1894, coup and reg
1st M., coup. & reg., on Penn. Div. ($10,000,000)
Lehigh Coal dt Navigation—Stock
14
14
14
14
184
184
registered, railroad
($2,810,000 assumed by other co’s.)
•
•
•
•
1856
.
184
184
60
60
148
148
50
Vario’s
25
500 &c.
500 Ac.
1858
1,000
207,650
800,000
100
187i
23,500,000
1,000
5,549,000
4,829,000
5,000,000
50
339
....
1869
1864
1867
1867
1,000
lOOOAc.
50
500 Ac.
Var.
Var.
500 &c.
'Wisconsin Central.—Owned on Dec. 31,1882, the main line and
branches Stevens Point to Menasha, 65 miles; do. to Ashland, 186
miles; do. to Portage City. 70 miles: branches, 7 miles; total owned, 327
miles.- Leased from Ne'enah to Schleisingerville, 65 miles; operated
under contract, Milwaukee to Schleisingerville, 32 miles. Total oper¬
ated, including feeders, 450 miles. The lease of the Milwaukee & North¬
surrendered August, 1882.
ern was
In January, 1879, the Wisconsin
Central Road was taken possession of by the trustees for bondholders,
who still operate it.
There is a land-grant of over 800,000 acres.
The
plan of reorganization
practically accomplished by consent
consol, mort. to cover $400,000 5 p. c. pref.
bonds; $3,800,000 first series bonds, bearing 2 p. c. for three years from
embraced the issue of
900,000
500,000
2,078,038
1,993,750
3,851,593
2,000,000
4,375,000
1,699,500
124,000
1,000
500 &o.
1874
1877
Loan, conv., coup., gold (assumed L. & W. Coal Co)
1st mortgage, reg. (extended at 4^)
1st mortgage,
Mort. loan, g.
1879
a new
July 1,1880, and 5 per cent afterward; and $5,700,000 second series
bonds, to draw interest if earned (but not cumulative), 2 per cent for
three years, and 7 per cent thereafter. Interest on the second series is
payable J. and J., but dependent eaoh time on the net earnings of the
ending six months before. The stock of $11,500,000 remains,
half year
$2,000,000 of it preferred and $9,500,000 common, and is all deposited
intrust with Stewart and Abbot, Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the judgment of the trus¬
tees is likely to continue so to be. Trustees’certificates for new stock
(without voting power) have been issued to the old stockholders, which
pass as a delivery on sales.
In March, 1882, the Trustees and company leased for 99 years the
Milwaukee & Winnebago Railroad, from Neenah to Schleisingerville,
which was completed in December, 1882; the rental is 37^ per cent of
gross earnings up to $175,009 per year, all surplus to go equally to
lessor and lessee, and the bonds are issued subject to this lease. The
surrender of the lease of the Milwaukee A Northern road in August,
1882, materially changed the situation of the Wisconsin Central so that
bo comparison of traffic with that year is of muck importance.
The com¬
pany, in 1884, built important extensions, reaching St. Paul from Chip¬
pewa Falls. 1041s miles, at a cost of $2,509,000. From Milwaukee this
company has to run over the Chic. Mil A St. Paul tracks 32 miles, and
there was difficulty threatened there on competitive grounds. For the
year endiug June 30,1884, the report to Wisconsin Commissioners gave
7
....
6
m
m
1%
7
7
7
3
6 S-
771,000
4ia
5,000,000
2,000,000
4,653,000
was
m
6
5
6
6
2
6
12,386,900
dale, Pa.,
m
6
6 g.
J.
J.
J.
J.
....
....
440
....
Freight (ton)
8,746,766
41,550,726
47,766,777
44,437,249
10,466,444
11,427,237
Mileage.
Gross
Net
Earnings.
$1,146,352
Earnings.
1,365,967
1,388,490
1,447,799
272,108
252,468
$265,748
122,660
1883
450
14,992.032
39,128,716
-(V. 38, p. 220; V. 39, p. 98, 437,545.)
Worcester Sc Nashua Sc Rochester.—Owns from Worcester to
Nashua and Nashua to Rochester, 94miles. This consolidated company
....
formed Dec. 1,1883, by a merger of the Worcester & Nashua and its
leased line, the Nashua A Rochester, on the basis of an equal exchange
of the stock of eaoh company for that of the consolidated company;
1875-6 the leased line charges (Nashua & Rochester, 48 miles) first ap¬
pear in the accounts, aud the Worcester & Nashua paid only 5^ per
cent dividends in that year. The rental charge being plainly too heavy,
an agreement was made in 1879 to reduce the interest on bonds to
5 per cent, and the dividends on Nashua & Rochester stock to 3 per
cent per annum. The interest on WorcesterA Nashua bonds was also
reduced to 5 per cent. In addition to above there are $37,000 5 per
oent Worcester & Nashua demand bonds outstanding. Five years’ op¬
erations were as follows:
Net
Passenger
Freight
Gross
Years.
Miles.
Earnings.
Mileage.
Mileage.
Earnings.
94
6,784,960
$14,995,020
$553,592
$167,033
94
155,196
7,222,999
588,770
16,153,062
1881-82... 94
156,993
7,467,524
16,999,008
631,982
94
1882-83...
7,592,458
17,844,586
661,531
173,325
84
1883-84...
181,421
17,338,246
639,447
7,335,977
..
-
CANALS.
Albermarle Sc Chesapeake.—Canal between Chesapeake Bay
and Albermarle Sound, N. C., 14 miles.
Gross earnings 1882-83, $102,
000; net, $70,000. President, Marshall Parks, Norfolk, Va.
Chesapeake Sc Delaware.—Delaware City to Chesapeake City, Md.
Chesapeake Sc Ohio.—This companv was assisted with loans by the
State of Maryland. It has long been unable to meet its interest. In a
suit against the company
the Court (January, 1881) declined to appoint a
receiver, but ordered the company to report at stated times its receipts
and payments.
In July, 1884, application again made lor a receiver
and sale of the canal. In 1883 gross earnings, $329,527; net, $84,474;
interest on repair bonds, $7,44u. (V. 39, p. 2l.)
Delaware Division.—Leased to Lehigh Coal & Navigation Co. at
interest on bonds and 4 percent a year on stock. To Jan. 1,1885, 28,514
shares were converted mto Lehigh Coal & Navigation stock, leaving
4,153 shares unconverted.
Delaware Sc Siudson.—The Delaware & Hudson Canal Co. was
chartered April 7, 1323, and the canal jjtrom Rondout N. Y., to Houee-
1870
1890
1885
1898
Feb. 15, 188
London.
completed in 1828.
The company owns the following
Green Ridge to Mill Creek, Pa., 17 miles; Ply¬
RR. and bridge, 3 miles; Gravity RR., Olyphant
Honesdale, 56 miles; total owned, 114 miles; track of Jefferson RR.
used by contract, 35 miles; total operated in Pennsylvania, 150 miles.
This company is among the largest miners and carriers of anthracite coal,
and also leases the Albany & Susquehanna and Rensselaer & Saratoga
railroads, including the N. Y, & Canada RR., whose bonds it endorses.
The stock was increased to $30,0u0,000 (of which $23,500,000 issued
17 miles; Union RR.,
mouth & Wilkesbaire
to
to
Jan. 1, 1885)
to pay
off the bonds due In 1884 and 1891.
Of the
remaining $6,500,000, $1,000,000 will be issued in 1887, and $5,500,000
in 1891, to take up an equal amount of 7 per cent bonds. To share¬
holders of May 24,1883, there was allotted 35,000 shares to be paid for
at par, one share of new stock being allotted for every six shares of the
old stock held by shareholders on the date named.
The annual report for 1884 had the following:
The mining of coal was suspended for 103 days during the year.
Under the policy of restriction the surplus, or dividend fund, has
steadily increased, notwithstanding the payment for several years of
dividends of 6 and 7 per cent per annum. This policy has been again
adopted by the anthracite interests, though the method of carrying it
into effect has been changed.
It is believed that this method, known as
the percentum or allotment plan, will show detided advantages in the
“
economies of
mining.”
Comparative statistics for four years:
INCOME ACCOUNT.
Receipts—
Sales of coal
Canal tolls
1881.
1882.
1883.
$
9,328,763
$
$
1884.
$
58,400
60,007
52,403
8,213,157
47.240
243,537
187,363
287,038
486,929
8,993,540
9,575,362
345,075
492,924
805,914
812,455
745,436
888,559
301,858
249,497
257,541
8,465
1,905
892,804
830,542
284,464
11,083,547 10,804,251 11,808,244 10,755,136
$
$
$
$
.
727,284
345,075
492,924
745,436
Mining coal
3,985,304
'Joaltransportation, Ac...
755,331
’anal freight and exps
1,737,979
Interest
1,374,784
Taxes and miscellaneous.
400,401
4,422,213
798,701
1,680.192
4,996,195 4,549,480
811,873
557,500
1,642,844 1,455,805
1,321,941
646,624
1,198,885
585,446
1,838,201
1,995.843
1.488,094
i,312,0S3
407,756
174,49 0
Loss on leased railroads
Balance
2,102,464
11,083,547 10,804,251 11,808,244 10,755,13
Total
was
..
Bait., A. Brown A Sons
i.886
railroads, viz: Lackawanna A Susquehannah, Nineveh, N. Y., to Jeffer¬
son Junction, Pa., 22 miles; Valley RR., Carbondale to Soranton, Pa.,
Total
Disoursements—
Codl on hand Jan. 1
Passenger
Mileage.
July,
A J. Balt., A. Brown A Sons.
A J. Balt., Farm.A Mech.Bk,
A A.
Phila., 244 So. 3d st.
do
do
A J.
July 1. 1898
Q-Mch. N. Y., Bk. of Commerce. Dec. 10, 1884
do
do
1891
J. A J
A. A O. N. Y. Office A Bk.of Com.
1894
do
do
M. A S.
Sept. 1. 1917
Dec. 9, 1884
J. A D.
Philadelphia, Office.
do
do
1894
M. A S.
:
do
do
July 1, 1014
Q-J.
do
do
1897
Q-F.
do
do
J. A D.
1897
the earnings, &c., were:
Miles.
460
461
July 1, 1909
J.
J.
F.
J.
gross
Years.
1880
1881
1882
J. N. Y., Union Trust Co.
D.
Philadelphia, Office.
do
do
J.
J.
Q- J
Q—J.
Miscellaneous profits
Coal on hand (Dec. 31)....
Railroad earnings in Penn.
Profit on leased lines
Interest on investments...
income $1,476,821; net earnings, $405,392; net surplus, less
taxes and rentals and interest, $19,807. In V. 39, p. 98, is a brief
abstract of the annual report for
1883, which showed heavy
operating expenses and small net earnings.
For four years past
A
A
A
A
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1881.
1882.
1883.
1884.
^
^
6,339,210
6,468,684
9,325,365
2,792,417
670,678
790,779
1,022,938 1,022,938
520,164
3,597,074 3,597,074
300,000
300,000
52,113
51,928
6,339,210
Railroad and equipment.. 6,456,258
Real estate
9,027,804
Mines and fixtures
2,729,311
Coal-yard, barges, Ac
690,397
Lack. & Susquehanna RR. 1,022,938
Albany A Susquehanna... 1,074,808
New York & Canada RR.. 3,597,074
300,000
Cherry Val. A Sharon RR.
Meehan. & Ft. Edward RR
16,146
6,339,210 6,339,210
6,581,070 6,957,188
9,044,175 9,035,163
2,751,236 2,796,329
9Chen. A Meehan. RR
200,773
Coal on hand Dec. 31
345,075
Advances to leased lines..
400,015
Advances on coal royalties
615,514
Miscellaneous assets
2,985,349
211,280
745,436
921,663
211,527
892,804
1,502,789
648,724
698,125
3,658,429
3,944,549 *3,372,061
Telegraph and Car Co....
69,410
Supplies on hand
1,148,322
69,410
1,408,449
Q9.410
1,466,143
43,035
1,611,254
Canal, Ac
Cash and bills receivable..
3,884,088
Total assets
..40,902,484
$
Liabilities—
Stock
20,000,000
Bonds
18,843,000
Miscellaneous accounts...
823,053
Profit and loss
1,236,431
683,185
1,022,938
1,008,787
3,597,074
300,000
48,296
‘210,922
492,924
637,605
625,073
2,609,203
3,914,976
2,823,813
41,087,986 43,213,038 41,843,804
$
$
$
20,000,000 20,000,000 23,500,000
18,763,000 18,763,000 15,378,000
836,899 2,444,732
778,072
1,488,087 2,005,306 2,187,732
40,902,484 41,087,986 43,213,038 41,843,804
following: 8undry bonds,
$148,608; 8,540 shares Albany A Susquehanna RR,, $354,000; 16,077
shares Rensselaer A Saratoga RR., $1,607,700 ; 6,161 shares Delaware
&Hudson Canal, $616,100; sundry stocks. $145,650.
—(V.38, p. 177, 292, 571; V. 40, p. 195, 213.)
Total liabilities
*
These
miscellaneous
assets include the
Lehigh Coal Sc Navigation.—The Central Railroad of New Jersey
assumed (in purchase ot equipment) $2,310,000 of the
1897 and leases the IiChigh A Susmu-it inna Railroad.
Wilkesbarre Coal Company assumes $500,000 of the gold
and $771,000 (all) oi the. convertible gold Loan due 1891.
gold loan due
The Lehigh A
loan due 1897,
Bonds m,atur -
CANAL SI OCRS AND
no
Subscribers will confer a great favor
of column headings, &c., see notes
first page of tables.
on
Date Size, or
Miles
Par
of
of
Canal. Bonds, Value.
Lehigh Goal <6 Navigation—(Continued)—
Consolidated mortgage loan
Greenwood 2d mortgage, reg.
General mortgage
Morris—Stock, consolidated
Preferred stock
New mortgage
Boat loan
103
103
103
103
(for $1,000,000)
Preferred stock scrip dividend
guar’d by Penn. RR—
Schuylkill Navigation—Stock, common
General inortg., interest
Improvement bonds
(payable by P. & R.)
pref. bonds, 1st mort— —
pref., 1st T. W. priority b’ds.
bonds of 1872,4th mort
ing 1884 were extended till 1914 at 4V. The
port has the following statement of receipts and
1883.
1884.
97,050
69,921
80,078
954,069
97,050
81,438
71,916
934,377
97,050
102,356
74,648
942,973
Interest account
$58,460
$65,064
$02,892
Taxes.
1884.
1383.
1882.
Disbursements—
General and legal expenses
Rent and taxes Nesquehoning Val.RR
Rent and taxes Delaware Div. Canal.
$1,279,919 $1,249,945 $1,159,578
Total disbursements
Balance of incline
$659,293 $014,644 $388,973
The annual report for 1884 in Chronicle, V. 40, p. 239, sail:
The earning? of the Lehigh A Susquehanna Railroad show this year a
decrea?e of $618,656, due almo3t entirely to the falliug off in coal ton
nage
228,000
756,650
628,100
1,000,000
1,324,000
227,500
97,810
250,000
3,000,000
1,000
$1,939,212 $2,191,489 $2,048,551
Total receipts
3,285,150
1,709,380
3,990,392
1,200,000
500
500
and Nesque. Tunnel. $1,445,190 $1,614,695$1,458,200
65,552
77,444
Lehigh Canal
55,699
20,881
20,525
21,065
Water Powers Lehigh Canal
58,951
57,745
Delaware Division Canal
47,586
386,351
370,101
Net profit on Lehigh Coal
325,666
4,441
3,642
Royalty on coal mined by lessees ....
7,209
33,463
36,531
31,973
Revenue from rents
12,157
22,358
Miscellaneous receipts
4,824
From railroads
2,934,000
690,812
•••*
disbursements:
1882.
Receipts—
and in coal freight rates.
Tne net reve iucs from all sou 'ceswere $2,043,551, being $145,939
less than last year—a loss almost wholly da j to the decreas j in
revenue, which was $177,523.
Eve.*y other department of the business
shows gain? except the co il. whieh yielded $16,252 less than
railroad
in 1833,
notwithstanding the decrease in the cost of mining.
The disbursements for rentals, interest, taxes an l general expenses
dec eased $90,266.
From the balance rem lining af^er dedu :tiag these
charges from the total revenue, $156,743 was appropriated for the
depreciation on coal improvements and for the coal sinking fnui of ten
7
7
4V
2
5
7
7
7
103.164
1,003
Board of Managers’re
Payable
4,501,200
1,000
1,000
85
Union—1st mortgage
Cent.
780,000
220,000
i,6oo
1870
1863
1864
1839
1859
*44-’64
’41-’64
1872
Susquehanna—Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
do
do
1,175,000
1,000
1,000
Boat and car loan
Boat and car loan
When
1,025^000
50
50
extended
Mortgage bonds, coup,
100
100
1,000
:
Preferred stock
1,000
643,000
1,000,000
various.
various.
50
1870
Rate per
$2,470,750
1,000
1876
1865
1869
337
337
108
Amount
Outstanding
$1,000
1,000
1871
1872
1884
Extended, 1877..
Pennsylvania—Stock
1st mortgage,
2d mortgage
discovered in these Tables.
Rontte—Princi¬
by giving immediate notice of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
'■
For explanation
fVoL. XL.
BONDS.
.
pal, When Due.
Payable, and by Stocks—Last
Dividend.
Whom.
D.
Philadelphia Office.
do
do
A.
do
do
N.
A. Leh. Val.RR.Co., Phila
do
do
A.
do
do
O.
do
do
A..A O.
do
do
F. & A.
J. &
F. &
M. &
F. &
F. &
A. &
June 1,1911
1892
1924
Feb., 1885
Feb., 1885
April 1,1906
Oct., 1885
Feb., 1889
*
....
•
6
35c.
70o.
6
6
6
6
6
7
6
6
6
6
7
'
6
Where
J.
&
2*33 So. 4th St.
Philadelphia, Office.
Phila.,
J.
....
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do
....
Q. -MJ.
J.
M.
M.
M.
J.
J.
J.
J.
J.
M.
A J.
& J.
&
&
&
A
&
&
&
A
&
N.
N.
N.
J.
J.
J.
J.
J.
N.
Philadelphia, Office.
July, 1910
1884
1884
March, 1897
Feb. 15,
Feb. 15,
1882 to 1907
1895
May, 1880
May, 1913
May, 1915
Jan., 1885
Jan. 1, 1918
Jan., 1894
Jan., 1894
Jan., 1902
May 1,1883
debt, to make the
mortgage was
For the purpose of raising fund? to pay off floating
settlement with Nesquehoning Valley, &c., the general
authorized in 18S4.
A majority of the stock of the Alliance Coal Mining Company has been
purchased. The report says: “This was done largely by the exchange
of our stock for theirs, $65J,400 of Lehigh Navigation stock being given
for $975,600 of Alliance stock. By this purchase we became possessel
of about sixty-two per cent of the total share capital of the Alliance Coal
Mining Company, which owns an unincumbered estate of 4,097 acres in
the same valley in wnich lie our Lehigh lands.”
(V. 38, p. 228, 261,
301, 424, 540, 239.)
Morris,—Leased April, 1871, to Lehigh Valley Railroad
The lessees assume bonds and scrip, and pay 10 per
annum on pref. stock and 4 per cent on consol, stock.
years.
for 999
cent per
Pennsylvania..—Worked in interest of Pennsylvania RR.,
which
guarantees interest on bonds. An old mortgage balance of $86,000 is
due in 1887. Earnings in 183 4, $319,635; net, $127,317; interest, taxes,
«feo.,$185,3 JO; loss, $,>3,017. Earnings in 188 i, $393,218; net, $191,446;
interest, Ac.. $183,060; balance, $3,38 J; add taxes refunded, $28,285 ;
total, $36,672.
Schuylkill Navigation.— Leised from June 1, 1870. to
Philadel¬
phia & Reading for 999 years. Tne rental payable by P. & R. in 1334
w.is $6 35,776.
Expenses of all kind?, incluliug t>50.827 disbursed iu
divideu ls, were $>82,512. The P. & R. receivers in July, 1834, de¬
clined t > furnish money for dividen Is ou stoek, claiming that it ha .I not
been earned, and this question weut before the Court. The P. & R. has
paid some of the coupon? and purchased others. lu March, ’83. the pro¬
posal from Pmla. A Reading to m srge this company by giving one share
of Phil. A R. stock for two of 8. N. preferred and one share of P. A R for
four of S. N. common was rejected.
(V. 38, p. 201; V. 33, p. 522; V. 40,
p. 240 )
Susquehanna.—Leased and operated by Philadelphia & Reading
R ill road for interest on bond? and half of net earnings. The stook is ex¬
$718,2 2$ was pail ia dividenls, and the remiinder, changed for Phila. & Reading, two of canal stook for one of Reading,
$14,000, was placed to the credit of the dividend fund.
Tne floating debt is considerable.
The first mortgage loan of $5,38 L,840 m itured April 1, 18 3 4. H fiders
of $5,000,000 or this loan accepted the privilege of exten?ion to July 1,
Union.—Stock. $2,9)9.850. Of the bonds $1,897,033 are held by
1914, with i iterest at th) red iced rate of f mr anl oae-ha f per cent,
the Phila. A Reading RR. Co. wiiioh will prob ib‘./f »reolo?o the mort.
and the holders of the ro:n lintler, $ 131,3 40, were paid at the maturity
Foreclosure proceelings are pending (V. 3 3, p. 173.)
of the loan.
cents per ton;
RAILWAYS.
CITY
Second.
Avenue
Sixth
Stock;,
Stock
Avenue
Scrip,
Dry Dock
and
Stock
and.
Scrip,
FOR SALE BY
H.
L,
GRANT,
ty See also my
115 Broadway,
New York.
quotations of City Railroads in the “Commercial and
Financial Chronicle.”
'
Par.
Amount. Period.
1 &
.«
Bl’cker St. A Fult.F.-Stk
1st mort
Br*dway A 7th Av.—Stk.
1st mort
Brooklyn Ci y—Stock—
100
$900,000 J. & J.
1,000
700,000 J. & J.
2,100,000 Q. -J.
100
1,000
10
*
1,000
100
^
Jan., 1835
7*
July, 1900
2
Jan., 1885
1,500,000 i. <fc D. 5 June,1904
2,000,000 Q.—F. 3*3 Feb., 1885
800,000 J. & .).
200,000 A. A 0.
400,000 J. & J.
1st mort. bonds
1,§00
100 1,800,000 Q.-J.
Cent.Pk.N.A E.Riv.—Stk
1,000 1,200,000 J. AD,
Consol, mori. bonds
100
650,000 Q.-F.
Chriat’ph’rAlOth S —Stk
250,000 A. AO.
1,000
Bonds
100
600,000 Q.-J.
Ceptrail Crosstown—Stk.
1,000
250,000 M.A
rat mort
100 1,200,000 Q.—F.
DryDk.E.B.A Bat’y-Sfck
500
900,000 J. A D.
mort., consol
A A.
100 1,200.000
1st mort
Bk’lyn Croastown—Stock
|
Date.*
5
4
Jan., 1902
Jan.,
Jan.,
Jan.,
7
Dee.,
2*a Feb.,
1 Oct.,
l
Bid.
24
111
170
103 \
216
106
15 5
1835
1888 105
1835 143
1902 m
1335
1898
1 Hi Jan., 1835
6
Nov.,1922
4
Jar, 1385
7
J
me,1893
Aug., 1911
132
Ask.
s
|
Par.
25
112 V
171
04
210
110
160 i
112
146
122
137
116
160
!
113 V
190
:
It 8 *a
110
155
111
182
114
104 V? 105
42d A Gr’nd St.F’ry—Stk
1st mort
Eighth Ave.—Stock
Scrip
Roust. W.St. AP.F’y^-Stk
1st mort
Second Ave.—Stock
3d mort
Consol
Sixth Ave.-Stk
1st mort
Third A %e.—Stock
1st mort
Twenty-third St.—Stock.
1st mort
Ninth Avenue
i
This ooluinn shows last dividend on stocks aud date of maturity of bonds.
100
1,000
100
100
100
500
100
1,000
1,000
100
1,000
100
Amount. Period.
3
Date.*
Bid.
4
Feb.. 1885 240
236,000 A. AO. 7
Apr., 1893 111
1,000,000 Q.—J. 2Hi Feb., 1385 240
$748,000 Q-J.
1,000,000
F. A A.
250,090 Q.-F.
600,000 J. A J.
1,862,000
150,000
1,050,000
1,500,000
500,000
2,000,000
1,000 2,000,000
100
600,000
250,000
1,000
100
800,000
J. A J.
A. AO.
M.AN.
M.A S.
J. A I.
6
2
7
6
Aug, 1914 105
Feb., 1885 140
J uly, 1894J 111
Feb., 1385 183
100
105
160
110
285
111
Apr., 1885
7
May, 1383
10 Mar.,1884
7
July, 1890
Feb., 1885
Q.-F. 4
J. A J. 7
Jan., 1890
F. A A. 4
Feb., 1835 188
M.AN. 7
May, 1893 110
7
108
Ask.
265
116
260
110
150
113*9
190
102
106
115
805
L13
192
113
111
MISCELLANEOUS
February, 1885.]
S&bseribers will confer a great favor by giving
DE8CRIPTI0N.
For
Date
explanation of column headings, &o., see notes on!
first page of tables.
Mortgage bonds, gold for $10,000,000)
Boston Land—Stock
Boston Water ‘‘ower—Stock
1882
i
author’d), j
> 1884
|
Mortgage bonds (for $2,800,000)
Company—Stock
Mortgage bonds, gold, sixes (for $2,500,000)
Central New Jersey Lund Stock
Size,
Par
Value.
International Ocean Telegraphy-Stock
Iowa Bit. Land (.'o.—Stock
Iron Steamboat Company— Bonds
Tco
14,000,000
25
100
1.500,000
18,000,000
9,000,000
5,115,000
800,000
ljo'o'o
10
50
1,000
100
100
100
1880
1,000
1872
100
1.000
100
100
500
Lehigh <A Wilkesbarre Coal—Stock
Sterling loan
Mortgage loans ($110,000 are 7s)
Prior lien bonds
Consol, mort. ($6,110,000
1875
held by Cent, of N. J
Sundry small mortgages
.
1,000
lob&c.
Income bonds, reg. (not cumulative)
Marivosa Land <t Mining- Stock
Preferred stock
100
100
1875
Mortgaue bonds
1,000
Express.—No reports; no information.
American Bell
Telephone Co.-See report for the
March 1. 18«4, in Chronicle, V.
after on Deo. 31.
38, p 478.
Rate per W*1®11
Cent>
2
3
6
5
645.000
2^
3
2
25“
4,720,815
2.148,000
717,875
323,000
2,231,900
4,066.000
10 s.
7
6g.
scrip.
7
10, Oi >0,000
3,500,000
10,250,000
year
| Bond*—Prinoipal,When Due.
500,000
3,(00,000
4,437,000
500,000
8,700,000
ending
Fiscal year will end here¬
American Telegraph 6c Cable Co.—Owns two cables between
Sennon Cove, England, and Dover Bay, Nova Scotia. The stock of
$10,000,000 was 70 per cent paid up, and in April, 1882, a pooling ar¬
rangement was made with the other cable companies for 38 years, by
which this company receives 22** Per cent of combined revenues while
both its cables are working and 12 ** per cent if only one is working.
Then this company’s cable was leased to Western Union for 50 years,
with a guaranty of 5 per cent per annum on the stock, increased to
$14,000,000.
Where Payable,
Whom.
and by
Q.—M. N. Y., Company’s Office.
Boston, Compy’s Office.
Q.—J.
Slocks—Last
Dividend.
Mar. 1, 1885
Jan. 15, 1885
Ocr. 20, 18*5
Mar. 1, 1885
do
do
A. & O.
.—M. N. Y., West, Union Tel.
& S.i N. Y., 110 Broadway. Sept. 10, 1877
Jan. 2, 1885
J. & J. N. Y., Company’s OlHce.
New York,
Dec. 10, 1883
Q.-J.
do
Jan. 1, 1904
J. & J.
Jan. 8, 1885
Nov. 12, 1872
Boston, Office,
do
J. & D.
June, 1884
2
.
J.
i
6
6
3
1
6
752,000
& J.
New York
or
London.
Jan. 1,
5, 6 & 7
7
3,472,200
10,000,000
5.000,000
250,000
1904
Jan., 1875
F. & A. N.Y.,
1900
J. & J.
A. & O.
J. & J
1897
1875
1835
1885
Q.-F.
J.
& J.
Company’s Office. Feb. 1,
N.Y., Co.’s Office, 71 B’y; Jan. 29,
do
do
Jan. 1,
N.Y., 19 Courtland St. Oct. 15,
N. Y., West, Union Tel.
Jton. 1,
Feb. 1,
Boston, Treas. Office.
N. Y., Mercantile Tr. Co.
July 1,
'*6*
6 & 7
6 & 7
7
466,879
3,433,902
11,500,000
673,120
Payable
eg.
1,811,000
...
Adams
outstanding)
$12, 00,000
9.602,100
1874
1881
Outstanding
100
100
Central
South A meric n Telegraph -Stock
Colorado Coal <t Iron—Stock
1st cousol. mortgage gold
Co> solidaiion Goal of Maryland—Stock
1st mortgage, consolidated, convertible
Cumberland Coal & Iron— Stock
discovered in these Tables,
INTEREST OR DIVIDENDS.
1,000
-
error
91
or
1874
Canton
BONDS.
immediate notice of any
$100
Adam 8 Express—Stock
American lit ll Telephone— Stock
Convertible notes of 1882
Amer. Tel. ft Call* —Stock ($20,000,000) guar 5 by West. U.
American Coal (Maryland)— Stock..
AmeHcan Express—Stock
Bankers' £ Merchants’ Tel—Stock ($10,000,000
of
Bonds
AND
STOCKS
1885
1901
1899
Q.—M.
m.'&'n.
N, Y., 160
do
do
do
do
Broadway,
do
do
do
do
New York.
J. & J.
1892-1899
June 1, 1900
May 1, 1888
Jan. 1, 1886
Colorado Coal 6c Iron.—This company, with headquarters at Col¬
orado Springs, Col., was a consolidation Dec. 13,1879, < f the Central
Colorado Improvement Co", the Colorado Coal A Steel Works, and the
Southern Colorado Coal & Iron Co. The company was controlled in the In¬
terest of the Denver & Rio Grande Railroad. Stock is non-assessable.
An abstract of the report of 18J3 was in the Chronicle, V. 38, p. 261,
showing gross earnings of $4,120,000 and net $313,000; surplus over
fixed charges, $229,000, ineluding receipts from royalties.
“
It will be seen from the statement or earnings and expenses that the
manufacturing departments were not profitable during the past year.
This was owing to the low prices for manufactured products which hftve
prevailed, to the high price of labor, and to the comparatively small
amount of our products that our markets, as yet, are ready to take.”
Earnings and expenses were as follows:
statement op earnings and expenses.
American Coal.—There are mortgage bonds lor $200,000. The
annual report for lfe84 gave the followiug information:
Total assets December 31, 1884—Lands and real estate at mines,
$1,542,365; real estate at Jersey City. $100,710; mine improvements,
$15,000; cash and demand loans, $50,241; whaif improv. at Jersey
City, $5,000; personal property at mines, $31,234; personal property
at wharves, $2,662; bills receivable, $48,876; accounts, $65,835;
canal boats, $10,300 ; value of coal on hand, $27,084; office furniture,
t500;
1,000;Chesapeake
G. C. & C. &Railroad
stock,
$160,000;
C. & P. fund,
Railroad
Ohio Canal
bonds,
$4,000;sinking
stock,
$15,385
;
total, $2,080,194.
Bankers
6c
merchants9
Telegraph.—Organized March 31.
1881,>under laws of New York State. Authorized capital, $10*000,000,
In Sept., 1383, this companv negotiated for the control of the *-tock of
the Southern and the Am. Rapid Telegraph, making a practical consoli¬
dation of the three lines. The followiug outline, published unofficially,
was in the Chronicle, V. 39. p. 316: “The
American Rapid Telegraph
Company is bonded for $3,000,000 and stocked for $3,000,000. The
Southern Telegraph Company is bonded for $2,500,000 and stocked for
$5,000,000. The line of the Bankers’ & Merchants’ from New York to
Philadelphia is bonded for $290,000. payable $10,000 per year. The
Bankers’ & Merchants’ own a majority of the stock of the Rapid and the
Southern, and a majority of the Rapid bonds. The B. & M. owns 4,700
shares out of the 9,200 shares outstanding of the Commercial Telegram
Company’s stock. The interest on the Rapid bonds was defaulted Sep¬
tember 15, but foreclosure proceedings cannot be begun for six months.
Of the $10,000,000 of first mortgage bonds ©f the Bankers’ & Merchants’
$5,115,000 were sold and $4,786,000 pledged as security for $784,374
notes of the ( o. In September, the B. & M. Co. failed to meet obliga¬
tions, and Richard 8. Newcombe and James G. Smith were appointed re¬
ceivers and authorized afterward to issue about $1,£00,000 receivers
certificates to pay floating debts and Tedeeni the bouds pledged as col¬
lateral ; also to pay interest ou the American Rapid and Southern Tele¬
graph bonds, and the $10,000 per year due on principal of the divisional
mortgage, &c. A separate receiver was appointed in Virginia for the
Southern Tel. Co.
(V. 38, p. 29, 202. 350, 447, 707; V. 39, p. 71, 129,
263, 295, 316, 448, 381, 482, 681, 734; V. 40, p. 53, 240.)
Boston Land.—The capital stock of 80,000 shares of the par value
of $10 each, or $*00,000. Operations and assets Jan. 1, 1884, shown
in the annual report in V. 38, p. 136. (V. 38, p. 1 36.)
Boston Water Power.—The shares have strictly no par value.
There are S5,833 shares called “proprietary” shares, or the. number into
which the piN-pei ty of the company is divided. The assets consist mainly
of lands on and near “Back Bay,” in Boston, put in the company’s re¬
port at a valuation of $4,428,141. In 1383 considerable sales of land
were made and bonds reduced accordingly.
Canton
Company (Balt.)—The capital stock in 1853 was made
50,000 shares, par $160 of shares nominally, but practically only $16 25,
and was afterward reduced by purchase and cancellation to 44,300
shares.
A brief
history of the company was given in V. 30, p. 1) 7. The
company owned the stock of the Union RR. Co. and guaranteed its bonds
this stock ($600,000) to the Northern Central RR. in April.
1882, for $594,009. The Union RR sinking fund of $689,885 remained
the property of Canton Co., but is held by the trustees till bonds have
been paid off at maturity.
but sold
Central New
two years ending
Jersey Land Improvement.—The statement for
Decemler 31, 1883, showed total receipts in IS82 of
$91,944, and in 1883 of $94,771. The balance sheet, December 31,
1883, gave the following value of lands'owned : Newark l;mds, $262,199; Bergen. $565,855 : Blizabeth, $164,950; Westfield, $26,307; Fauwood, $478,408; Plainfield, $336,326; Dun'ellen, $346,048; Somerv ille,
$77,861 ; Clinton, $4,780; Bloomsbary, $26,3-15 ; Phillipsburg, $1,500;
total, $2,290,582. Bonds, &c., $22,084; land contracts, $10,747.
Central 6c South Am. Telegraph.—Line from Vera Cruz, Mex¬
ico, to Lima, Peru, with branches, 3,160 miles of cable and 300 miles of
land lines.
Completed November, 1882.
Connects at Lima with West
Coast Tel. Co. of America, having 1,700 miles of cable to Valparaiso,
and at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000; no
bonds. In-18*4 and to Jan. 33,1885, net earnings were $195,318. See
annual report V. 40, p. 150. James A. Scrymser, Pres’t, N. Y. (V. 40,
p. ion.)
Gross
earnings.
Cost of prodnot’n
and general
expenses.
Coal department...
$1,055,837
Coke department
513,693
Iron and steel department... 2,365,710
Iron mines department
139,765
Real estate department
40,395
Miscellaneous earnings, &c..
6,743
Totals
...$4,122,145
Discount oa bonds bought for sinking fund
Premium on D. & R. G. bonds sold..
Interest from investments
$901,905
$153,932
125,924
387,768
2,361,559
139,765
17,840
4,151
22,585
6,743
$313,307
$3,808,838
4,812
6,738
31,117
$355,972
Total income
$9,803
Less dUequnt on D. & R. G. Railway Co. bonds sold
Less interest, discount and exchange
Less interest
on
Net
earnings.
20,985
bonds
186,635
Net surplus for 1883
Sales of real estate for the year amounted to $38,145.
In the real estate department the earnings are wholly from
houses, lands. &c., containing no receipts from land sales.
$217,424
$138,551
rentals of
-(V. 38, p. 261, 294, 358, 379, 423.)
Consolidation Coal.—The annual report for
1884 had the following:
The gross receipts from mines, railroads, rents,
1883.
&c. (inel’gvalneof st’ckof coal on hand), were. $1,750,591
Tot. ex pen’s of every kind (excl. of int & sink, fd.,
but incl. steel rails & all extraordin’ry outlays). 1,514,858
receipts
Net
$235,733
1884.
$2,222,082
1,904,603
$317,479
The int. and sink. fd. in 1884 took $213,534; balance, surplus, $103,944.
Consolidated mortgage bonds are held to retire old bonds. This com¬
pany
guarantees also 2d mortg. bonds of the Cumberland <fc Pennsyl¬
vania, and assumes $135,000 of the Union Mining Co.’s bonds. The
total bonded debt on lands and railroads is $2,437,500. (V. 38, p. 263.)
International Ocean Telegraph Co.—The Western Union Co.
operates the line Dy contract for 99 yeais from Jan. 1, 1882, paying 6
per cont per year on stock.
Iowa Railroad Land.—The total land owned was 65,328 acres
March 31,1883. (V. 38. p. 678.)
Iron Steamboat Co.—Property consists
Bonds and stock listed in June, 1882. Stock,
of seven Iron steamboats.
$2,000,000.
Lelilgbt 6c Wilkesbarre Coal.—This company was organized Feb.
6,1874. It is controlled by the Central RR. of New Jersey through
ownership of a majority of the stock, and the Central of New Jersey
owns $6,116,000 of the consol, mortgage bonds and $2,353,000 of the
income bonds. This company was in receiver’s hands with Central of
New Jersey, and in March, 1882, the receiver was discharged and prop¬
erty' returned to its stockholders. Mr. W. H. Tilliughasr, President,
New York
City.
Mariposa Land 6c Mining.—There are outstanding only 15,000
shares, the balance being owned by company. Litigation Is in progress.
Marylaud Coal Co.—The business of 1882 included total shipment*
of 97,777 too s.
The profit and
less account in 1882 was as follows: Balance Jan, 1,
1882, $16,780; balance credit coal account, $21,885—$41,666. Ex¬
penses—interest, $7,091; interest on bonds, $11,270; taxes, $7,481;
salaries and expenses, $13,221; legal expenses, $501—840,276; balance
Jan. 1,
1883, $1,389.
Telegraph. - Galveston to Tampico and Vera Cruz; land
Mexico City. Has exclusive right for 50 years for all
foreign telegrams to Mexico, except telegrams to and from a neutral
Mexican
line, Vera Cruz to
zone on
Ocean.
en ’er'
the U, S. border 156 miles wide, between tlie Gulf and Pacific
Comp any
owns
1,362 shares of the »'enf.
So Am. Tel. Co. Revexpenses, $t*9,dividends, 8 p c., $1)4,
in ’■ t. $228,804;
752; surplus, $14,1.56.
Jas. A. Sorymser, Prost., N. Y.
(V. 40, p. t82.
MISCELLANEOUS STOCKS AND BONDS.
02
Subscribers will confer a great
favor by giving immediate notice of any error discovered in these Tables.
Ac., see notes on first
Date
Size, or
of
Par
Bonds Value.
$100
1,000
Maryland Coal—Stock
Bond
Mexican Telegraph—Stock
New Central Coal—Stock
N. T. Mutual Telegraph—Stock, guaranteed 6 per
1st mortgage bonds, gold, guar, by West. Union
New York d- Texas Land t Limited)—Stock
Land scrip receivable 75 per cent for lands
cent
100
100
25
—
1881
Debentures, registered
Too
50
Tetegraph—Stock
Bonds, interest guaranteed
Oregon Improvement Go— Stock
1st mort., gold, sinking fund
Pacific Mail Steamship—Stock
Pennsylvania CoaL-Stock
Postal Telegraph & Cable Co.—Stock ($21,000,000)
1st mortgage (for $10,000,000)
Too
1880
.
100
1872
1872
1878
1875
3d series
4th series.;
debenture
sterling debenture
Quicksilver Mining—Common stock
Preferred 7 per cent stock, not cumulative
Railroad Equipment Co.—Stock (for $1,500,000)
Coupon bonds. (See remarks below.)
8t. Louis Bridge d Tunnel EE.—Bridge
1st preferred stock, guar
1,000
100
50
Pullman Palace Car—Stock
Bonds,
Bonds,
Bonds,
Bonds,
1,000
50
New York <& Strailsville Coal dk Iron—Stock
Northwestern
Bonds—Prinot
pal,When Due
Where Payable, and by
Stocks—Last
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of column headings,
page of tables.
[VOL. XL,
Var’s.
1,000
1,000
1,000
Amount
Outstanding
$4,400,000
161,000
1,194,000
5,000.000
2,500.000
5,000,000
1,500,000
3,133,200
2d preferred stock, guar
1st mortgage, new, sinking fund
Tunnel PR. of St. Louis, stock, guar
1879
When
Dividend.
Whom.
Payable
Jan.
1^
7
4
1
3
6
10
M.‘AN,
New York, Office.
New York.
New York, lstJNat. Bk.
Feb. 12,1884
Jan. 15, 1885
M’nthly
New York.
April, 1880
May 1, 1911
March, 1885
1900
J. &
J. &
M. &
J. A
820,000
955,000
49.500
£100
100
100
100
5,708,700
4,291.300
Q.-F.
6
2
8
8
7
7 g.
40c.
3
900,000
4,102,000
2,500,000
2,490,000
3,000,000
5,000,000
1,000
1,000
J. N. Y.,West. Un. Tel. Co.
do
J.
do
S.
D. N. Y., Farmers’ L.&T.Co
N.
Q.-F.
5,000,000
7,000,000
3,000,000
15,924,800
445,000
1, 1876
Nov. 1, 1906
N. Y., Company’s Office. Feb. 11, 1885
322,515
1,500,000
2,500,000
1,180,000
7,000,000
4,852,000
20,000,000
100
100
100
stock, common
Rate per
Cent.
1,250,000
Y.,
lii
Broadway.
Jan.
Jan.
1, 1885
1, 1904
Sept. 15, 1883
Dec. 1, 19 LO
Feb.
Feb.
2, 1885
1, 1885
N.Y. Am. Exch. Nat. Bk.
2^
Y., Farm L. & T. Co.] Feb. 16, 1885
do
do
Feb. 15, 1887
do
do
Aug. 15, 1892
do
A. & O.
do
Oct. 15, 1888
A. & O. Lond'n, J.S.Morgan&Co April 1,1885
May, 1882
Feb. 26, 1884
Q.—F. N, Y., Clark, Post A M. Feb. 1, 1885
6
Quar’ly
2*3
1^
7 g.
Q.—F.
N.
Q.-F.
Q.—F.
J.
J.
A.
J.
A
&
A
&
do
Various.
do
-
J. N. Y., Drexel, M. A Co.
do
do
J.
O. New York and London.
J. N. Y., Drexel, M. & Co.
Jan. 1, 1885
Jan. 1, 1885
April 1, 1928
Jan. 1, 1885
Pennsylvania CquI,—Liabilities at a minimum, and 16 p c. divs,
New Central Coal (Md.)-1The annual report for 1884 showed net;
profits for year of $8,854 ; and balance to credit Dec. 31, 1884, of paid,
$280,769.
Postal Telegraph Sc Cable—Lines to extend from New York to
New York Mutual Telegraph.—The Mutual Union Telegraph.
Chicago, New \ork to Washingou, New York to Boston, Buffalo to
Co. was organized under New York State laws. Stock was $600,000 and Pittsburg, Fostoria, Ohio, to Toledo, and Chicago
to St. Louis, most of
afterward increased to $10,000,000. In Feb., 1883, a lease to Western which were in
operation on Jan. 1, 1884. Of the stock $7,000,000
Union for 99 years was agreed to at l*a per cent yearly dividends on is
is
trust,
and balance
outstanding. $12,000,000
held in
the stock and interest on the bonds. The organization was changed to remains in treasury.
Mr. J. W. Mackey is the President.
The
the New York Mutual Telegraph Company and the stock was reduced to name of the Postal
Telegraph Co. was changed November, 1883.
$2, 500,000, carrying dividends of 6 per cent per annum. (V. 38, p. 30, (See V. 37, p. 564). The following account was given of the
change in
115; V. 39, p. 494.)
the organization:
“The Postal Telegraph Company has sold all its
New York Sc Texas Land—This company took the lands granted property and franchises to the Postal Telegraph A Cable Company;
which was recently organized under the laws of this State expressly for
to the International and Houston & Great Northern railroads, about
this purpose. The deed, of conveyance, which was recorded this week,
5,000,000 acres, which were given in settlement to "the holders of con¬ states
the consideration at $10,498,500. The transfer is merely the
vertible and second mortgage bonds. Up to Oct., 1883, it was reported
fulfilment of a
that about
1,500,000 acres had been sold (largely to the Francklyn
Syndicate) and half of the $6,000,000 land scrip retired, the holders
being secured by debentures given by the purchasers of the land and de.
posited intrust. This would leave about 3,500,000 acres of land unsold.
—(Vol. 40, p. 241.)
New York & Straitsville Coal Sc Iron.—Has $300,000 bondsThe 8tools admitted to New York Board April, 1880.
-
North/western Telegraph.—This company owns 8,000 miles of
wire and is leased to Western Onion for 99 years, with guaranteed divi¬
dends of 4 per cent at first, rising one-eighth per cent a year to 6 in
1897 and afterward. The bond interest is guaranteed.
Oregon Improvement Co. —This company owns $3,000,000 stock
of the Seattle Coal & Transp. Co.; $575,000 stock of the Columbia &
Puget Sound RR.; $1,969,000 stock of the Pacific Coast S. S. Co.;
170,000 acres of lands, and other real estate. Floating debt July 1,
1884. $981,000 (see balance sheet, V. 39, p. 182).. For year ending Nov.
30, 1883, gross earnings were $4,161,061; net, $342,044. For year
1884 .gross earnings were $3,414,879; net $809,000.
(V. 38, p. 30,
115, 332, 595, 731; V. 39, p. 43, 182, 234, 349, 436, 554, 734; V. 40, p.
214.)
*
ending April 30,1882,1883 and 1884:
EARNINGS.
1882-83.
1883-84.
$799,767
1,844.462
715,732
173,980
$991,094
1.790,927
1,251,762
369,288
180,190
102,8U0
5,500
105,500
5,500
3,876
17,941
27,766
61,616
14,694
45,666
33,278
$4,124,713
$4,102,764
$4,787,899
3,223,036
3,190,507
3,394,419
xoox*o«<
Atlantic Line
Panama Line
Trans-Pacific Line
Australian Line
Austral’n AN. Zealand subsidies..
Cent. Am. A Mexican subsidies
Hawaiian Government subsidy...
Interest and divs. on investments.
Miscellaneous
$693,065
»
1,675,777
1,058,370
334,870
208,931
90,463
8,000
13,663
37,698
Exchange
Total
Expenses
353,200
Net earnings
The following is a
on
$901,677
$912,257 $1,393,480
statement of the financial condition of the company
April 30,1882, 1883 and 1884:
.
ASSETS.
1882.
Cost of steamers
Real estate and improvements
Coal supplies, Ac
1883.
1884.
$11,971,158 $12,382,159 $11,266,815
1,079,513
1,079,513
1,079,513
Sundry assets
Profit and loss
Total
450,072
369,774
478,301
512,328
264,947
1,286,981
7,671,576
7,198,895
7,076,209
$21,684,647 $21,295,288 $21,187,819
LIABILITIES.
Capital stock
Ban Francisco—Unpaid bills
New York—Unpaid bills
$20,000,000 $20,000,000 $20,000,000
28,926
72,153
20,166
44,167
65,396
76,793
1,212,632
1,013,528
838,944
80,576
76,123
71,546
1,404
1,404
1,404
Panama RR. Co.—Loans
Do.
Traffic account
Unclaimed dividends
Coal freights
John Pine A Co (coal)
27,104
6,082
Agents’balances
Due connecting steamship comp’s.
11,470
47,126
66,200
17,460
25,009
25,980
36,054
16,686
513
184,174
20.104
Passage credits and orders
23,642
1,516
1,590
Miscellaneous
11,093
5,752
1,503
Panama drafts
Suspense
Total
—(V. 38.
p.
480, 630, 645
:
V. 39.
Pullman Palace Car.—The stock has been increased from time to
time to provide new capital, as wanted, since the price ruling above
par, gave a bonus to stockholders when subscribing for new stock.
Annual report for year ending June, 1884 was In Chronicle, V. 39, p.
460. Iucomeaccount for three years was as follows:
1881-82.
Revenue—
$
2,815,986
Earnings (leased lines included)
Pacific Mail Steamship.—The Pacific Railroads give to the steam¬
ship company a monthly subsidy of $95,000 per month, and six months’
notice is required to terminate the agreement. The annual report for
fiscal year ending April 30, 1884, was in the Chronicle, V. 38, p. 645.
The following is a statement of the earnings and expenses for the
years
plan which has been under consideration for some time
reducing the capital stock of the company and for correcting certain
legal irregularities in the organization and conduct of the original com¬
pany. When the present owners secured control, they discovered that
the previous management had not always acted in strict conformity
with the State laws, and while their counsel were of the opinion that
the irregularities were not sufficient to vitiate the company’s charter,
it was decided to organize a new company.. The conveyance made to
the Postal Telegraph & Cable Company was in accordance with this
decision. In July, 1884, a contract for joint working and pooling of re¬
ceipts was made with Bankers’ A Merchants’ and the Baltimore A Ohio
Telegraph companies, but the B. and M. Co. failed, and the pool was dis¬
solved. (V. 38, p. 31, 707; V. 39, p.71,129, 402.)
for
33,533
$21,684,647 $21,295,288 $21,187,819
p. 72. 436. 707 V. 10, p. 29. 190.)
Proportion of earnings other assoc’ns.
Patent royalties and mauuf. profits...
582,231
Total
revenue
Coupon interest on bonds
Dividends on capital stock
Profit and loss
1883-84
2,946,277
3,424,279
$
605,596
488,231
528,256
13,116
543,947
3,737,538, 4,093,245
4,456,457
976,380
217,634
1,110,932
205,455
339,321
Profit and loss
Disbursements—
Operat’g expenses (leased lines incl’d)
Maintenance of upholstery, Ac
Prop’nof expenses, Ac., other assoc’ns
Rental of leased lines
1882-83.
$
917,308
207,156
148,427
264,000
169,043
870,937
175,702
264,000
171,074
1,235,142
20,995
........
136,556
264,000
171,466
1,339,621
35,733
2,597,866
1,139,672
128,136
Ac.
3,039,932
1,053,313
3,263,763
1,192,694
Balance of surplus for the year
1,011,536
—(V. 38, p. 230, 247; V. 39, p. 202, 460.)
1,053,313
1,192,694
Total disbursements
Net result
Balance of account for rebuilding,
Quicksilver Mining.—Bonds paid off July, 1879.
stock is entitled to 7 p. ct. per annum, not
goes
The preferred
cumulative, and any surplus
to the common and preferred equally.
Railroad Equipment Co.—This company leases equipment to
railroads on the “ Car Trust” plan, taking obligations of the railroad com
panies running not over ten years at the utmost, which cover the princi-
of the special
Equipment
?al and
interest
bonds
issuedin bythethelessor
running
for similar
periods.series
Theoftitle
remains
till last
o.
payment is made, and. then vests in the purchasing railroad.
In tho
meantime the title is held in trust for bondholders and the bonds ar
virtually a mortgage on the rolling stock, till paid off.
Rrldge Sc Tunnel Railroad.—The railroad and tunnel
1873, July 1,1878. Foreclosure under
the first and second mortgages on the bridge was made Dec. 20, 1878.
On July 1, L881, the bridge and Tunnel Railroad were leased to the Mo.
St. Louis
were
sold under the mortgage of
Pacific and Wabash St. Louis A Pacific for the term of their cor¬
porate charters, on the terms followiug, viz.: Of the stock $2,490,000
1st preferred, by the terms of the lease, is guaranteed 5 per cent till Jan¬
uary, 1885, and then 6 per cent; $3,000,000 2d preferred is guaranteed
3 per cent per annum, the first semi-annual payment being July 1,
1884. The RR. stock of $1,250,000 is guaiauteed 6 per oent a year.
The whole annual charge for rentals is $670,000, one-naif payable by
Missouri Pacific and ouo-half by Wabash. The common stock was held
by the London Reorganization Committee, and under the lease was
transferred to Mercantile Trust Company of N. Y. with power to vote
thereon. The Tunnel Railroad stook is guaranteed 6 per cent per a.1
rmm.
(V. 3°. p 295 )
Subscribers
STOCKS
MISCELLANEOUS
February, 1885.J
willjconfer
a
For explanation of column headings, &c., see notes on first
page
discovered in these Tables.
great favor by giving immediate notice of any error
DESCRIPTION.
of tables.
93
BONDS
AND
INTEREST OR DIVIDENDS.
Date
of
Size,
Bonds
Value.
or
Par
Amount
Bonds—Princi¬
pal,^When Due.
Rate per
When
Cent.
Payable
Whom.
Stocks—Last
Dividend.
$948,000
2,300,000
418,000
495,575
18,920,000
600,000
7,000,000
2
A. & 0.
N.Y., West. Union Tel.
Jan., 1885
7
6
Feb.
New York.
April 1, 1894
Oct. 1,1898
i
6,250,000
4
Q.-F.
Londoh.
New York, Office.
New York, Office.
Q.-J.
New York, Office.
Jan. 1. 1891
Feb. 15, 1885
Jan. 15,1885
Jan. 15,1885
Outstanding
Where Payable
and by
■
•
$25
Southern <£ Atlantic Telegraph,—Guaranteed stock
Sterling Iron & Railway.—Stoe.k
Mortgage bonds, income, series “B”
Plain inenme bonds
"
c
1880
1876
1879
Mortgage bonds (for $2,000,000)
VnitecTStates Express—Stook.
Wells, Fargo <6 Company Express—Stock
Telegraph—$tock
Real estate bonded gold, sinking fund
Bonds, coup, or reg^, conv. till "May, ’85, sink. fd. 1
100
100
100
Western Onion
coupon
1,000
10
Sutro Tunnel—Stock
Sterling bonds,
(sinking fund 1
p.
p.
ct.
ct. per annum)
1188675--249370..
50
500 &c.
1872
1875
1,000
1,000
1875
JBlOO&e
80,000,000
1,373,000
4,920,000
921,456
J.
i*a
Ze¬
is g.
M. & N. N. Y., Union Trust Co.
July 15,1902
M. & N. N. Y., Treasurer’s Office July 16,1900
M. & S. London, Morton, R.& Co March 1.1900
Sterling Iron Sc Railway.—The property of this company, in
Orange County N. Y., (and a few acres in Rockland) consists of 25,000
acres of land, with furnaces, &c., having a capacity of 15,000 tons of
Expenses (inclu. rentals,
pig iron per year, and 8*2 miles of railroad, houses, &c. The company
endorses the $471,674 bonds of the Sterling Mountain RR. A. W.
Disbursements—
Humphreys, President, 42 Pine Street, N. Y.
Sutro Tunnel.—Tunnel on Comstock Lode for
facilitating mining
operations.
Western Union Telegraph.—On the practical consolidation with
the Atlantic & Pacilic in 1878 the Western Union had a monopoly of tele¬
graphing business in the United States. In 1879 the American Union
opposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided Tip its surplus stock, making a scrip dividend
of 17 per cent to stockholders of record June 20, 1879. On Jan. 19,
1881, was dated the grand consolidation, in which the Western Union
raised its stock to $80,000,000. giving par. or $15,000,000. for the stock
and bonds of the American Union; 60 per cent for old Atlantic & Pacific
stock was given in new Western Union; and a stock distribution of 38
per cent to Western Union shareholders. An injunction was obtained
against the stock distribution and litigation ensued, and the stock
dividend was finally held to be legal by the N. Y. Court of Appeals in
Ootober, 1883.
The Mutual Union Telegraph made an opposition line, but in February,
1883, a lease was agreed upon. The Western Union also leases the Amer¬
ican Cable, with a guarantee of 5 per cent per annum on its stock of
$14,000,000.
The statement for the quarter ending Sept. 30,1884 (partly estimated),
was as follows, compared with the actual figures for same quarter in
1883:
Quarter ending December 31—
-1884, Estimated.—.
1883, Actual.
$1,655,431
$1,500,000
revenue
$106,421
$124,000
20,000—
Sinking fund
20,000—
126,421
Net income
Lews dividend,
(l^p. e.)
$1,529,010
1,399,793
$1,356,000
(l1* p.C.) 1,199,837
$129,217
3,841,715
$156,163
4,159,190
$3,970,932
$4,315,353
Surplus for the quarter
Add surplus Sept. 30
Surplus December 31
144,000
From the annual report published m the Qhrontcle, Y. 39, p.
408, the following was given for the fiscal years ending Juc# 30. The
revenues, expenses and profits were as follow*
For dividends
For interest on bonds
For sinking funds
Balance of
Wells. Fargo Sc Company Express..—An increase in oapital to
$6,250,000 was made in 1879. No report
Deduct—
Interest on bonds
&c.j.
profits
Surplus July 1 (begin’gof yr.)..
Balance of profits for year
1883-84.
1882-83.
1881-82.
Total disbursements
United States Express.—No reports.
Net
& J.
$17,114,166
9,996,096
$19,454,903
11,794,553
$19,632,940
13,022,504
$7,118,070
$7,660,350
$6,610,436
$4,798,473
427,091
40,098
$5,199,124
426,818
40,094
$5,599,179
$5,265,662
$1,852,408
$127,259
1,852,408
$5,666,036
$1,994,314
$1,684,240
1,994,314
$6,111,520
$498,916
$3,658,553
498,916
*$1,979,667
$3,653,554
$4,157,469
Total nominal surplus June
472,350
39,991
*
$315,425 was appropriated from this surplus for construction and
properties.
The annual report for the year ending June 30, 1884, was in the
Chronicle V. 39, p. 408. The general results of operation as given did
not make a favorable exhibit as compared with the previous year, but
the report is better than its predecessors in giving particulars of the
expense items as follows: For operating and general expenses, $9,278,761; for rentals of leased lines, $1,842,690; for maintenance and re¬
construction, $1,350,447; for taxes, $301,077; for equipment of offices
and wires, $249,528; total expenses, $13,022,503.
The balance, from the date of the general consolidation—July 1, 1866,
showed the nominal surplus to June 30, 1884, of $21,082,287, out of
which the stock dividend was declared in 1881 to the amount of $15,526,590, leaving a nominal balance of $5,555,697.
The following statement shows the mileage of lines and wires, number
of offices, and traffic of the company, for each year from June 30, 1866,
new
to June 30. 1884 :
Miles of
Miles of No. of
Year. Poles AUbl’s. Wire. Offices.
37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
71,585
72,833
73,532
76,955
81,002
82,987
85,645
1880-81..110,340
.
Messages.
2,250
2.565
5,879,282
3,219
6,404,595
3,607
7,934,933
3,972
9,157,646
4,606 10,646,077
5,237 12,444,499
5,740 14,456,832
6,188 16,329,256
6.565 17,153,710
7,072 18,729,567
7,500 21,158,941
8,014 23,918,894
8,534 25,070,106
233,534 9,077 29,215,509
327,17110,737 32,500,000
374,368 12,068 38,842,247
432,726 12,917 41,181,177
450,571 13,761 42,076,226
75,686
85,291
97,594
104,584
112,191
121,151
137,190
154,472
175,735
179,496
183,832
194,323
206,202
211,566
Receipts.
Profits.
6,568,925
7,004,560
7,316,918
7,138,737
7,637,448
8,457,095
9,333,018
9,262,653
9,564,574
10,034,983
2.624.919
2,641,710
2,748,801
2,227,965
2,532,661
2,790,232
2,757,962
2.506.920
3,229,157
3,399,509
3,140,127
3,551,542
4,800,440
5,833,937
5,908,279
7,118,070
7,660,350
6.610,435
$
9,812,352
9,861,355
10.960,640
12,782,894
14,393,543
17,114,165
19,454,902
19,632,939
1881-82..131,060
1882-83..144,294
1883-84..145,037
-(V. 38, p. 332, 425, 447,510, 635,707; Y. 39, p. 297, 408. 437,
494, 682; V. 40, p 114.)
STOCKS.
BANK, GAS, INSURANCE AND CITY RAILROAD
94
Capital.
Companies.
Mkd. tbus(')
Par Amount.
are not Natl.
Net
at latest
dates.!
Capital.
Dividends.
Surplus
Companies.
Jan. 1,
100 3,000,000 1,660,700 J.
J.
~
100 5,000,000 1,364,400 M.
J.
Bowery.. .. 100 250,000
J.
Broadway.. 25 1,000,000
.
A
A
A
A
A
A
A
A
J.
N.
J.
J.
J.
J.
J.
J.
Jan.,’85. 5
Nov.,’8i. 3V
Jan,’85. 5
Jan., ’85.10
Jan., ’85. 4
Jan.,’85. 3
10
9
7
10
20
8
8
8
7
10
20
8
J.
Butch’s’ADr 25
300,000
8
J.
Central
100 2,000,000
8
J.
Chase
100
300,000
10
10
J.
450,000
Chatham.... 25
100
Chemical... 100
300,000 4,113.600 Bi-m’ly. 100
7
7
269,300 J. A J.
Citizens’.... 25: 600,000
100 1,000,000 1,786,300 ■VI. A N. 13 ^ 15
City
l,30i>
Columbia*..
..I 100,000
Commerce.. 100
Continental. 100
CornExch/. 100
East River
25
11th Ward’. 25
Fifth
100
Fifth Ave*.. 100
First
100
Fourth
100
Fulton
30
50
Gallatin
Garfield
50
Germ’n Am/ 75
.
....
....
5,000,000 3,184,200 J. A J.
219.400 J. A J.
1,000,000
1,000,000 1,000.400 F. A A.
123.500 J. A J.
250,000
59.600 J. A J.
100,000
113.800 J. A J.
150,000
100,000
455.100
500,000 3.788.100 Q.-J.
3,200,000 1.155.100 J. A J.
290.500 M. A N.
600,000
965.800 A. A O.
1,000,000
53.600 J A J
200,000
Germ’n Ex.* 100
Germania*.. 100
Greenwich*. 25
750,000
200,000
200,000
200,000
Hanover.... 100 1,000,000
Home*
125,000
175,000 F. A A.
207.600 May.
228.700 M. A N.
39.300 M. A N.
642.700 J. A J.
4,700
Imp. A Trad. 100 1,500,000 2.884.800 J. A J.
50 500,000 208.600 J. A J.
Irving
Leather Mfr. 100 600,000 448,006 J. A J.
Lincoln
100
31,200
300,000
2,300
Madis’n Sq/ 100
200,000
Manhattan * 50 2,050,000 1,002,600 F. A A.
Market
100
500,000 388.100 J. A J.
Mechanics’
25 2,000,000 1.242.800 J. A J.
54.300 J. A J.
Mecli. & Tr* 25
200,000
267,900 J. A J.
Mercantile.. 100 1,000,000
701.400 J. A J.
Merchants’. 50 2,000,000
161,000 J. A J.
Merch. Ex.. 50 1,000,000
Metropolis*. 100 300,000 207,000 J. A J.
Mt. Morris*. 100
41,800 J. A J.
100,000
151.800 J. A J.
Murr’y Hill* 50 100,000
Nassau*
100
81,000 M. A N.
500,000
100 2,000,000 1,248,500 J. A J.
New York
44,900 J. A J.
N. Y. County 100
200,000
F. A A.
N. Y.N. Ex. 100
300,000
Ninth
219,900 J. A J.
100
750,000
268,100 J. A J.
N. America" 70
700,000
J. A J.
North Riv’r* 30
240,000
J. A J.
Oriental*... 25
300,000
229*900 Q.-F.
Pacific *
50
422,700
J. A J.
Park
100 2,000,000
J. A J.
200,000
People’s*... 25
J. A J.
Phenix
20 1,000,000
58,300
Prod. Exch/,100 1,000,000
F. A A.
Republic....! 100 1.500,000
July.’84. 4
Jan., ’85. 5
Jan., ’85.25
Jan.,’85. 3*2
Nov..’84.
5
8
8^
8% Jan., ’85. 4*2
7*2
8
6
Jan.,’85. 4
10
8
8
6
Feb.,’85. 5
Jan.,’85. 4
Jan.,’85. 4
Jan.,’85. 3
Jan., ’85.10
40
8
7
10
40
8
7
10
6
10
8
6
7
6
10
8
6
7
14
8
10
14
10
10
Seventh W’d 100
300,000
Second
'100
300,000
Shoe & L’thr 100
500,000
100
Sixth
200,000
State of N.Y* 100
800,000
100 1,000,000
Third
40
Tradesmen’s
1,000,000
50 1,200,000
Union
100
U. States
500,000
West Side*.. 100
200,000
...
...
96.200
69,400
j.
J.
J.
J.
J.
A
33.200 J. A
227,000 J. A
46,300 J. A
427.100 M. A
213.800 J. A
261,300 J. A
720.100 M. A
Eagle
Empire City.
Exchange...
Firemen’s
German Am.
Germania..
Globe
Greenwich
Guardian
Hamilton..
Hanover
Home
Howard
Jefferson. ..!
...
.
..
Jan., ’85.2*49
Nov.,’84. 3*2
Oct., ’84. 5
Feb.,’85. 3
Knick’bock’r
May, ’84.10
Nov.,’84. 4
Nov.,’84. 3
Jan.,’85. 3*2
Lafayette (f)
Long Isl.(I) .t
Man. A Build.
Meeli’nics’ (f)
Mercantile
Merchants’..
Jan.,’85. 7
Jan.,’85. 5
Jan.,’85. 5
Montauk(J)..
Nassau(i)....
National..
N.Y. Eq’table
N.Y. Fire....
..
8
Feb.,’85.
8
Jan.,’85.
8
Jan.,’S5.
6
Jan.,’85.
6
Jan.,’85.
7 ' Jan.,’85.
6
Jan.,’85.
7
Jan.,’85.
8
8
8
6
6
7
6
7
8
8
J.
J.
N.
8
7
7
6
7
7 *
6
8
10
10
9
10
6
3
3
3*2
3
Jan.,’85. 4
Feb.,’85.
Jan.,’85.
Jan.,’85.
Jan., *85.
3
10
10
10
10
6
Jan.,’85.
Feb., ’85.
Jan.,’35.
Jan.,’85.
Jan.,’85.
6
8
7 *2
$
m
m
3
3*2
3
4
5
2*2
4
5
3
m
.
153,000
300,000
210,000
250,000
1,000,000
300,000
200,000
200,010
10
8
8
8
7
7
10
Jan.,’85.10
(*>
Jan.,’85. 5
Jan.,.’85.
Jan., ’85.
Nov.,’84.
Jan.,’85.
Jan.,*85.
4
4
4
3*2
3
Nov.,’84. 5
!Dec. 20, 1884, for National banks and Dec. 13,1884, for State banks.
31.128 10
252,314 20
338,030 14
188,093 20
309,642 10
152,769 10
75,616 10
1,535,222 14-70
630,149 15
56,916 7
200,000
204,000
GAS COMPANIES’ STOCKS AND BONDS.
The following is a list of the stocks and bonds of gas
companies in
New York and Brooklyn, with details of interest, dividends, Ac.
Quotations for these will be found in the Commercial and Financial
Chronicle each week.
500,000
200,010
150,000
210,000
150,000
300,000
2oo;ooo
250,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
500,000
350,000
200,000
200,000
37*2
-
150^00
Brooklyn Gas-Light
Citizens’ Gas-Light (Brooklyn)
Bonds
Consolidated Gas
Jersey City & Hoboken
Metropolitan Bonds
Mutual (N. Y.)
Bonds
Nassau (Brooklyn)
Scrip
People's (Brooklyn)
Bonds, 7 per cent
Bonds, 6 per cent
Williaiusburgh
Bonds
Metropolitan (Brooklyn)
Municipal Bonds
Fulton Municipal
Bonds
Equitable
Bonis
*
Amount.
Quar.
M. A N.
Various
M. A N.
J. & J.i
400,000 M. A N.
100,000 J. A J.!
1,000 1,50 *;mJG
2511.000,000
Yar’s.
700,000
10 1,000,000
1.000
Var’s.
50 1,0< 0,000
Quar. j
Rate.
Date.
Nov., 1881
Jan., 1885
3*2 S. F., 1899
3
7*2 Jail., 1885
3
I
1902
2VOet., 1884
3
|
1902
2
jSep., 1884
2 V Nov., 1881
3
iDec., 1884
3*2 Nov., 1884
3
Oct,, 1884
2 V Jan., 1885
3
|
1900
3
Jail., 1885
3 ifi
183S
3
Jan., 1885
6
1900
1,000 1,000.000 A. A O.
10ti!l,000 000
1,000! 750,000 M* A n’.i
100 3,000,000
I 30< >,000 J.* A J.
100:2,000,000
1,00011,100,000 Ar A O. 0
This column shows last dividend on
of bonds.
Period.
25 2,000,000 Various
20 1.209,000 Various
1,000; 259,000 A. A O.
100 36000009
20! 75-5.000 J. & J.
1,000, 700,000 F. A A.
100; 3,590,000
54,470
186,821
56,102
346,053
5
10
20
none.
10
10
7
10
7
5
10
14
10
8I2
40,084 10
331,448 14
87,067 8
338,627 16
63,490 12
203,968 16
200,000
67,332 10
1,000,000
640.991 10
143,545 14
.
200,000
200,000
500,000
350,000
200,000
250,000
300,000
250,000
CITY
HORSE
121,497
6,398
7
10
10
12
14
15
10
10
10
15*05
15
3
7
12
5
13
10
10
30
none.
10
10
10
3
10
20
6
10
10
6
10
3
1900
stocks, and date of maturity
'
’85. 5
’85. 5
12
’85. 6
14
’85. 7
15
Feb.,’85. 7*2
10
Feb.,’85. 5
10
Feb., ’85. 5
10
Jau., ’85. 5
15*40 Jan., ’85.7*70
15
Oct., ’84. 7*2
6
Jau., ’85. 3
10
10
Jan.,
Jan.,
Jan.,
Feb.,
Feb., ’85.
7
10
8
14
10
10
30
3
10
10
10
none.
none.
10
10
10
11
4
12
10
20
6
10
10
6
10
3
5
10
10
9
12
[8
10
8
14
10
12
8
14
10
12
10
10
10
7
10
10
11
7
none. none. none.
8,853 none.
63,391 10
221.019 10
204,353 10
439,269 20
none.
11
10
10
20
Aug.,’84.
4
10
10
10
20
3*2
Jan., ’85. 5
Jan., ’85. 4
Jau., ’85. 7
Jau., ’85. 5
Jau., ’85. 5
Jan., ’85. 7*2
Jan., ’85. 3
Jau., ’85. 5
Jail., ’85. 5
Jan., ’85. 5
July,’83. 3*2
Sept, ’84. 5
Jau., ’85.10
Jau., ’85. 3
Jan., ’85. 4
Jan., ’85. 5
Jan., ’85. 2
Jan., ’85. 5
Jan., ’85. 3
Jan., ’85. 5
Jan., ’85. 5
Jan., ’85. 5
Jau., ’85. 4
Jau., ’85. 6
Aug.,’84. 4
Jau'., ’85. 5
Oct., ’84. 4
Jan., ’85. 6
Jan., ’85. 5
Jau., ’85. 6
Jan.,’85. 5
Jau., ’85. 5
Feb., ’85. 5
Jan., ’85. 3*2
July, ’81. 4
Feb
,
2
’85. 5
Jan., ’85. 5
Jan., ’85. 5
Jan., ’85.10
capital and scrip,
STOCKS AND BONDS.
RAILROAD
Dividends and interest
Par.
Railroads.
Atlantic Avenue (Brooklyn)..
Bonds
Bleeeker St. A Fult. F.—Stock.
1st mortgage
Broadway A 7th Ave.—Stock.
1st mortgage
Broadway (Brooklyn)
1st mortgage
:
2d mortgage
Brooklyn City—Stock
1st mortgage..I
Brooklyn City A Newtown
1 st
mortgage
Brooklyn Crosstown—Stock...
1st mortgage bonds
Scrip
Busliwick Av. (Brooklyn)—Stk
1st mortgage
Central Crosstown—Stock
mortgage
Cent. Park N. A E. Riv.—Stock
Consol, mortgage bonds
Christopher A 10th St.—Stock.
Par.
2,505
265,457
174,786
97,747
32,531
73,505
107,078
25,882
15,396
106,729
Over all liabilities, including re-insurance,
t Surplus includes scrip.
(J) Brooklyn.
1st
Dividends and interest.
Gas Companies.
63,175 812
61,954 12
47,017 6
1,000,000 1,689,894 12
567,341 10
1,000,000
105,34.4 10
200,009
200,000
251,053 30
200,000
18,618 512
108,353 10
150,000
1,000,000 459,447 10
3,000,000 1,141,727 10
...
LOCAL
8i2
631,161
*
Jan.,’85. 3
135,900
116.800 J. A J.
25
17
20
70
100
100
•10
100
30
50
17
100
50
50
25
100
15
,50
100
50
30
20
40
50
50
100
50
50
50
50
50
35
00
150
Niagara
North River.
25
25
Pacific
Park
00
Peter Cooper 120
50
People’s
Plieuix(J).... 50
25
Rutgers’
Standard
50
00
Star
100
Sterling
Stuyvesant.. 125
Unit’d States 25
Westchester.
10
W’msbg C.(t) 50
..
400,000
200,000
300,000
200,000
Feb., ’85. 3
Jan.,’85 4
8
m
20
8
8
8
7
7
10
4
4
4
3*2
6
Jan.,’85. 3
6
Jan.', ’85. 4
8
Nov.,’84. 4
10*2 Jan.,’85. 5
12
8
....
A J.
City
Clinton
Continental t
..
..
J.
!
...
Kings Co.G)
.
500,000
500,000
Citizens’
.
....
St. Nicholas*, 100
Seaboard*.. 1100
Broadway...
Brooklyn (J).
Farragut
8
10
50
American!...
Amer. Excb. 100
25
Bowery
Last Paid.
1882. 1883. 1884.
1885/
Amount.
Par.
Latest.
Period. 1883. 1884.
Dividends.
Surplus,
$
America*..
Am. Excli.
LIST.
STOCK
INSURANCE
LIST.
STOCK
BANK
[ Vol. XL.
Bonds
Coney Island A Brooklyn
2d mortgage
3d mortgage
Amount.
6
Period.
3
S
Date.
*
Jan.. 1885
50
$700,000
1,00.0
500.000
5-7 1885 A ’94
900,000 J. A J.
Jan., 1885
July, 1900
Jan., 1885
June,1904
3*2 Feb., 1885
100
2
700,000 J. A J. 7
2
100 2,100.000 Q.-J.
1,000 1,500,000 J. & D. 5
1,000
100
350,000
1,000
1,000
250,000
...
.
•
•
.
7
6
100.000
1889
1889
Q.-F. 3*2 Feb., 1885
800,0U0 J. A J. 0
Jan., 1902
100 1,000,000
1*2
7
1890
400,000
1,000
100
200,000 A. A O. 4
Jau., 1885
1888
400,000 J. A J. 7
1,000
7
Jan. A July
200,000
1,000
2
loo
500.000 Q.-F.
Feb., 1885
1902
400,000 J. A J. 6
1,000
100
600.000 Q.-J.
1*2 Jan., 1885
1,000 250,000 M. A N. 6 Nov., 1922
2
100 1,800.000 Q.-J.
Jan., 1885
Dec. 1902
1,000 1,200,000 J. A D. 7
100
1*2 Nov., 1884
650,000 Q.-F.
1898
1,000 250,000 A. A 0. 7
3
100
500,000
Aug., 1884
1885
1,000
100,000 J. A J. 7
1887
1,000
75,000 J. A J. 7
100 2,000,000
1,000
'
J. A J. 5
1903
Consolidated
1,000
4
100 1,200,000 I Q.-F.
D. D. E. B. A Battery—Stock..
Jan., 1885
J. A D. 7
500 Ac
1st mortgage, consol
June,1893
F. A A. 6
100
Feb., 1914
Scrip
100 1,090,000 Q.-J.
2*2 Ian., 1885
Eighth Avenue—Stock
1914
100
IF. A A. 6
•Scrip
100
42d A Grand St. Ferry—Stock.
Q.-F. 4 Feb., 1885
1st mortgage
'
1,000 236,00u A. A 0. 7
Apr., 1893
100
Grand St. A Newtown (Bk’lyn)
2*2 Jan., 1885
170,000!
1896
1st mortgage
1,000 •175.000!
a a. 7
2
100
Houst. W. St; A Pav. F’y-Stk.
250.090: Q.-F.
Feb., 1885
J. A J. 7
500
1st mortgage
July, 1894
!J. A J. 5
100
Second Avenue—Stock
Jau., 1885
A. A O. 7
3d mortgage
1,000
April. 1885
Consol
1,000
|M. A N. 7 Nov.. 1888
M.
A
S.
5
100
Sixth Avenue—Stock
Nov., 1884
1 st mortgage
!J. A J. 7
1,000
July, 1890
4
100 2.090,0001 Q.-F.
Third Avenue—Stock
Feb., 1885
ij. A J. 7 Jan., 1890
Bonds
1,000;
100
Feb., 1885
!F. A A. 4
Twenty-Third Street—Stook.
1st mortgage
1M. A N. 7 JMay. 1893
1,0001
!f.
This column allows last dividend on stocks,
of bonds
*
and date of maturity
OF
EARNINGS
Feb.
‘P
•’
,
MONTHLY
March. April.
03
EARNINGS.
RAILROAD
February, ib»5 J
t •'!
*
=5
RAILROADS.
PRINCIPAL
! July.
June.
May.
Total.
Dec.
Oct.
Nov.
96.381
$
80.875
88,07^
112,50;
95.20C
109,731
*
78,251
98,091
108,83*"
122,94^
Sept.
Aug.
"
$
!
*
$
$
i
$
62,49* !
52,3&
63,546 1
58,259
58,504
1881
68,885
57,005
54,851
66,732
60,575
1882
78.414
78,35^
89,615
82,451
84,595
1883
85.057
84,500
97.60C j
88,51-1
88,312
1884
}
1
•
(296
m.l
1885
104,791
j
|
Atchison Topeka A Santa Be—
948,419 1,046.125
902,303
558,481
743,268
1881
.(1,540 to 1,789 m.)..
1882
.(1,789 to 1,820 m.).. 11,076.790 1,055,909 1,203.073 i 1,164.335 1,183.701
935.665
1,284,120
1,166,086
1.180.80*:
961,255
18S3
1884 (d)....
.(2,315 to 2,340 in.). 1,172,348 ! 1,16?,02C 1 1,404,056 l11,306,000 1 1,343,302
i
1885 Id)
i
108,992
147,372
1,159,325
1,303,38: 1,458,752
1,349,312 1.458,640
1,340,702 1.105,817
1,461,922 *1,282,789
12,584.508
14,778.304
14.117.348
1
I
1
1.203.258 1,361,582
1,518,041 1,742,06 J
i
I
232,812
240,062
201,207
2,259,030
2,80:1.680
2,846,771
288,451
2,796,459
102,229
118,237
110,249
1.105.158
1,307.103
97,550
120,333
112,824
115,051
108.464
130,841
106,353
143,244
119,822
148,989
154,033
120,302
1.454.218 1,709,637 1,872,370 2,091,-HI 2,159,311 8,809,340 2,088.519 2,185,303 2.507,857
8.424,529
1,720.615 1.969,737 2,054,687 2,342,298 2.229,105 2.07*1048 2,350,557 .2,495,445
1.465,952 2,024,533 2,050,313 2.127,420 2,129.220 2,036,216 2,207,543 2,426,348 2,490,091
2,297,971
2,139/59
2,104.639
1,832,411
148,551 1
224,107
252,913
217,349
96,358
79,956
98,196
80,667
105,630
199,278
208.672
184,68C
178,304
218,252
217,570 1
223,719
221,513
82,044
100,fOS
122,907
115,826
115,182
174,351
209.112
198.27C
195.96S
224.920
232.522 !
221,801
261,439
200,357
216,500
100,972
90,322
205,912 !
211,257
216,016
208,418
195,9 7C j
100,629 !
03,535 !
1
308.20C
84,417
110,894
117,840
91,587
101,943
1
274,1J2
!
!
93,031
77,309
110,918
1882*
1883*
1884*
18r5*
1.155.864 l,263,02i
1.329,112 1,430,221
201,10.
213.863
"
1
202.18C
278.429
124,509
225,030 !
187,001
201,964
Central Iowa—
|
16,339,540
1,422,703
85 645
■
Central Pacific—
1,602,907
1,839,469
1,747,681
1,449,785
1,647,0j0
(2,580 to 2,775 m.)..
.(2,882 to 3.167 m.).
(3,199 to 2,941 to 3,003 m.)..
.(3,003 to 2,802 m.)..
1881
1882
1883
1884
1885*
.
Chesapeake Sc Ohio—
.
(2,772 to 2.921 m.). 1,307 948
(2,924 to 3,229 m.).. 1,658,834
.(3,229 to 3,322 m.).. 1,625,680
.(3,300 to 3,4Su m.).. 1,643,220
.
1881
1882
1883
1884*
1885*
i
1885*
.(1,003 to 1,147m.)..
.(1,150 to 1,280 m.).
(1,307 in.)..
Cin. Ind. St. JLouis Sc Chicago—
1881
(300 to 342 m.)..
1882*
1883
1884
1885
017,251
670,205
702/35
731,503
769,751
850,398
774,700
912,692
880.550
730,944
859,904
934,945
910,964
36,240
47,540
38,951
56,029
45,949
31,416
58,045
57,519
56,403
474,318
517,897
557,384
573,284
529,915
588,70(1
686,694
697.919
558,190
564,800
600.878
1883
1884
1885
oi.ias
58,051
71,228
771,844
858;674
901,619
889,0)7
072,380
749,9 If
801,187
753,857
2.262.981 2,931,001
1,034,821 1,418.149 1,574,071 1,679,456 2.083,802 1,888,35-: 2,173,945
2.270,444
1,457,301 1,566,217 1.530,838 1.505,261 1,437,164 1,625,000 2.086.858,2.186.400
*495.124
2,900.105 2,742,480
1,611,021 2,396,584 1,824,180 2.009,872 1,937,910 1/24.105
2,683,597
2,707,110
1,735,199
2,447,495
1,971,013 2,106,028 1,832,451 1,981,127 2,077,182
1.810,133
2,199,421
2,502,773
125,456
145.464
138.844
117,119
125,424
125,333
108,819
127.212
112.269
.
348,187
76,252
253,356
306.385
8.334.978
3,906,793
808,912
3,538,605
47,090
51,530
529.319
718.103
65,584
762,027
640,812
701,066
7,557,741
8,215.495
•
007/81
117,296
140,779
184.070
121.637
136,421
139.583
111.869
607,508
068,070
123,881
123.769
110,248
128,379
115,240
1,259,946
1,517,569
1,972,271
1,949,000
1.538,491
1,027 933
2,033,514
1,986,000
8,709,275
092,712
1.905,490 21,178,455
2,027.000 21.550.804
2,170,9isi26,110,368
2,060,357 25.4r3.670
101.704
153,113
140,458
149,908
140.040
1,640.451
1,185,183
1.650,256
135.100
132,899
1,555,389
137,473
156,497
170,380
158,001
150,915
172,215
158,220
156,857
170,305
145,02L
150,514
153,874
156,077
1,568.700 1,078,361 1,644,070 1,591,053
1,404.927 1.545,198 1,950,710 2,250 975
1,829,2so 1,851,209 2,220.084 2,531,128
1,950,000 1,826,000 2,201,000 2,539,000
1,509.598
2,072.973
2,38 r,062
2,308,000
1,854,209 17,025,401
l,w>4,70tfi*U,oNo,725
2,150,913 23,659,822
2,221,000 -so,4*0*998
2,292,676 2.341,097
2,553,041 2,001,445
2,647,008 2,7(3,991
2,340,914 2,528,843
2,019,037
2,109,432
1.855,470
1.826.929
1,700,550
1,951,746
21,849,207
23,977,068
25,024,062
392,921
515,008
583,185
432,615
304,946
442,987
*443,030
4,021,961
4,962,200
5,515,285
5,768,528
2,415,372
2,570,103
2,482,824
190,313
215.809
190.564
117,395
203,093
208,814
234,687
230,169
2,587,135
2|596tld5
2,593,4.24
081,385
6,244,780
0,404,980
*,801,540
-144,879
125,139
132,601
144,143
151,763
120,093
128,392
120,127
1,729,812
1.0'.9,431
2,023. ISl
1,919,000
2,233,891
749,220, 8.810,610
1,474,612 1,879,000 2,300,440:1,983,031
1.003.741 2.110.947 2,043.510! 2,059.952
1,754.379 2.157.206 2.218.021 2.100.031
1,822,165 2,070,829 1 996,275 1,970,177
2,815,164
2,211,622
2,403,459
2,027,932
383,202
359,459
444.833
407,140
370,897
422,718
495,020
469.48.J
373,370
379,029
522.200
523.49^
548/52
177,161
217,198
228,653
209,515
237,284
237,490
240,517
244,117
223,168
228,358
220,300
228,334
241,183
231,068
2,308,542
1,990,509
23,491,898
498 100
404.562
158,595
333,439
283,601
331,697
251,649
413,236
438,521
464,246
261,211
377,288
420,339
568,614
350,125
402, &82
449,584
513,730
374,694
442,87*
407,010
182,458
218,599
192,164
201,723
226,484
184,923
180,735
212,299
194.474
193.141
196.215
19lj782
165.552
188,072
141,256
193.372
199,929
170,318
122,686
201,150
197,822
19 1,923
188,798
199,567
180,112
185^720
154,127
227.475
160;317
231,600
173,116
211,495
317,683
395,293
457,535
391,780
398,493
516,316
548,580
453,005
433,111
550,280
596,531
32,072
35,375
28,920
25,617
28,183.
24,790
20,044
21,380
22,009
23,507
25.227
28,242
30,795
25,580
28,069
24,917
23,720
23,080
248,476
339,151
331,109
220,380
272,822
291,519
240,676
283.157
295,461
210,995
304,897
307,810
243,525
311,784
278,037
257.785
327,478
308,465
350,609
*334,700
205,540
205,195
190.123
192,438
078,880
523,421 *025,200
205,644
249,880
221,320
249,443,
249,507
250,988
211,145
248,241
239.787
240,384
260.333
237,598
*539,300
211,014
223,303
211.264
2,434,780
.
*
(336 m.)..
182;809
208,210
208,208
219,147
188,839
208,820
237,503
242,827
234,425
225,208
514.707
020.643
665,037
606,193
548.284
584,229
642,213
578,443
599,191
523,165
545,444
660,000 720,445
109,825 099,603
078,781
583,797 *400,400 *523,749 *522,010 *520,371
506,829
495,769
0.35,858
*496,443
81,595
37,571
32,002
34,117
28,410
31,716
34,452
31,293
40,102
41,882
34,859
83,734
29,435
347,168
841,935
354,038
289,287
362,564
312,723
320,358
394,434
360,311
386,210
455,593
412,289
300,736
409,665
380,180
341,342
374,945
370,803
3,351,35 4
4,144,276
3,993,028
166,380
199,067
257,779
*180,944
172,558
172,069
203,442
234,017
*157,280
39,001
40,112
29,123
203,490
201,647
Denver Sc Rio Grande—
(1,066 to 1,160 m.)..
(1,315 to 1,679 m.).
.(1,679 to 1,317 m.)..
H.S17
...
m
.)
Des Moines Sc Fort Dodge—
1882
1883
1884
1885
(143
m
307,476
516,128
463,762
487^291
32,825
20,018
26,484
i
549,885
448,810
557,939
*413,924
5,918,009
-
21,573
27,215
25 211
254,602
1882
323’241
1883
1884
1885
593,922
026,018
568,751
son in i
East Tenn. Ya. Sc Ga.—
(1,123 m.)..
(1.123 m.)
Flint Sc Pere Marquette—
317,980
234,764
312,522
320;892
© ©
.
(347 to 361 m.)..
(361 m.)..
(351
1885*
Green Bay Winona Sc St.
18S»
m
1
Faui—
(225 m.)..
1883
1884
(225 m.)
1885*
Gulf Colorado Sc Santa Fe—
1882
(373 to 482 m.)..
....
1883
1884*
1885*
(534 m.)..
Ill. Cent.—III. Line Sc So. Div.—
189,589
218,759
216,748
25,501
26,582
35,666
23,826
SOI 109
21,460
22,198
24,149
39,104
31,292
36,032
30,289
35,689
30,365
84,172
20,792
25,479
30,697
31,025
31,578
30,228
28,780
25,697
22,468
80,329
81,007
148,406
124,042
66.606
132,203
129,775
70,639
151,730
141,303
89,555
144,007
127,784
107,99 i
163,452
128,814
850,135
748,004
931.933
781,589
747,389
699,370
748,803
867,675
708.302
762.408
813,699
844,609
782,830
788,809
727,059
158,759
140,080
156,967
130,703
145,993
143,055
153,556
174,606
134,332
101,125
173,034
145,307
92,332
91,012
150,186
129,447
856.937
831,392
827,920
158,483
156,605
12i;»42
131,512
126.824
131,642
204,934
142,159
185,650
201388
248; 142
198;685
816.960
964,527
.
*
*
*
*
*
141,192
190,909
141,235
765,294
748.805
837.981
772,792
704,233
192,085
204,423
202,931
212,831
222,349
268.801
203,677
220,616
215,913
195,751
®
947,960
805,124
960.315 1,068,834
®
®
@
©
*
182,960
228,292
187,745
c2,249,700
44,323
47,831
29,547
87,978
36,127
893,367
410,621
324,125
*
217,023
263,436
207,843
*
235,908
236,925
228,797
*195.623
158,952
144,588
20,706
1,019,810
2,184,363
1,704,835
1,059,407
1,106,852
1,183,468
1,078,544
1,037,390
1,101,929
1,119,010
1,099,074
1,030.878 10,775,14O
1,174*809 10,800,705
182,438
193.110
201,906
166,028
169,048
204,603
210,842
164,8 <8
17.0,333
201,930
180,389, 1,852,439
184,867
152,169
158,754
150,541
228,677
200,451
264,735
285,972
218,060
202,814 2,927,033
194,918 2,640,938
100,305
171,685
140,052
154.678
196,372
160,531
166,472
130,640
127,718
129,480
148,186
200,064
180,477
234,151
194,992
199,840
192,317
217,574
197,013
199,125
215,977
217.618
197,680
7.
.
.
X,0qi|u7‘»i A 1 ^lAOU^lWO
1,059,505 10,473,442
156.880
1,645,532
2,025,109
1,712,389
•
272,114
292,177
319,713
266,896
247,932
288,253
281,140
292,905
281,643
270,941
260,114
192.022
208,577
2,487,569
2*740,227
®
850,862
953.603
947,450
951,566 1,002,050
970,192
817,135
828,720 1.227,885
958.130 1.215,490 1,063,705 1,043,912 1,114,518 1,215,932
1,124,776 1,251,12711,334,179 1,504,465
1,002,348'1,090.700
1,153,779
1,221,509
1,307,394 1,272,ft£4
1,199,590 1,292,12?
1,065,22(1
1,200,902
11,344,362
12,981,432
14,170,24#
13,662,465
....
Approximate figures,
d Includes So. Kuns. road in 1884 and 1885. g Not Including
totals bad been published, b June, 1882, figures (as well as those for June
after monthly
ended with that mouth.
*171.703
988,912
938,385
926,022 1,045,902
837,443 910,065
930,165
922,833
,
189;652
165,326
*
34,881
33,020
25,112
1,118;735 l, 014,81*7 1,141,337
1,117,813,1,145,806 1,291,714
1,039,317 1,015,431 1,187,738 1,125,291 1,150,109 1,032,359 1,060,104
(2,065 m.).. 1,165,735
(2,028 to 2,065 m.)..
1<0,815 Cl,885,414
206,170 c2,165,219
199,665 c2,542,943
...
*104,300
198,036
Louisville & Nashville1881
(1.840 to 2.074 m.R.
237.517
153,482
187,440
204.803
144 849
167.554
(684 in.)..
152,951
106,157
203,805
174,027
186,792
107,825
1881
1882
1883*
1884*
1885*
137,514
148,503
184,427
171,148
196,814
233,366
80,819
(402 m.).
160,058
160,240
206,322
178,810
164,954
847,439
(402 in.)..
Indiana Bloom. Sc Western—
162,520
175,118
229,664
220,797
190,179
.(1,498 to 1,526 m.)..
979i717
.(1,526 to 1,666 m.).. 826,572
3884
*883,200
(1,666
m.)..
1885
Ceased Lines in Iowa—
119,827
1881
1882
1883
1884
1885
171,400
188,569
167,548
857,893
860,969
1881
1882
158,161
119,681
163,883
131,503
1881
1882
1883*
1884
300.732
58,289
70,095
68,574
55.498
331,173
*900 497
(342 m )
Cincinnati N. O. Sc Texas Pac.—
1882
(336 m.).
1884
1885*
635,860
559,577
646,730
052,061
26,751
Chic. St. Paul Minn. Sc Omaha—
1882 b
1883
548.556
287,497
Chicago Milwaukee Sc Su Paul.—
916,989
1881
990,848
682,718
.(3,775 to 3,951 m.)..
1882
.(4,104 to 4,520 m.).. 1,434,537 1,376.377 1,561,386
1883
.'(4,520 to 4,760 m.).. 1,359,199 1,257,048 2,043,730
1884*
.(4,760 to 4,80-4 m.).. 1,407,095 1,318,000 1,789,000
1885*
1,518,000
Chicago Sc Northwestern—
1881
933,205 1,178,796
.(2,778 to 3.018 m.).. 1,240,667
1882
1,644,936 1,474; 176 1,672,93:
1883
.(3,580 to 3,761 m.).. > .357,622 1,311,395 2.095,292
1884
.(3,701 to 3.843 m.).. 1,502,418 1,504,100 1,766,940
1884fl
54,204
75,831
83,172
800,211
Chicago Sc Eastern Illinois-
1881
1882
1883
51/66
63,435
74,856
57,352
70/34
57,640
37,402
50,022
58,056
313,542
351,310
•345,306
276,079
499,120
585,830
646,386
666,612
*644,387
(840 to 846 m.)..
Chicago Burlington Sc Quincy—
1831
1882
1883
1884
1885
381.748
257,040
2,225,179 24.094,099
2,020,349 35,0 2,757
1.808.458 24,744,420
1,067,502 22,160,107
.,*52,728
....
..
381,454
267,454
298,630
28,7 iO
47,893
47,388
Chicago & Alton
1881
1882
1883
1884
1385
310.787
335,20.'i
320,938
215,445
337,795
&; Big Sandy—
1882
1883
1884
1885
332,219
365,474
303,103
271,382
323,845
257,202
179,053
253,446
266,072
375,815
270,181
251,970
2^0,621
288,177
‘
Elizabeth. Lex
1,402,571 1,472,684 2,030,079 2,141,583 1,943,218 1,832,244 2,113,339 2,194,993 2,085,038
208.746
1882
1883
1884
1885
year
789,372
850,724
1.071.829
221,748
300,155
307,640
281,413
167,750
252,823
197,402
1881
1882
1883
1884
1885
*
73,794
92,04*
86,007
1,000,633 l,000.64f
1.117,003; 1.251,065:
1,167.987 1,203,000
1,801,059 1,391,811
1.197,550
1,153,479
1.146,107
1,254,029
i
|
Burlington Cedar Kan, Sc No.—
1881
1882
1883
1884
1885
61,041!
72,845
73,459
S
$
86,891
94,770
.
..
'
57,982
1
$
70.32C
77,792
$
68,187 N
?
$
51,731
54,496
72,225
79,893
Alabama Great Southern—
Since that time these receipts have been
Utah lines after July 1,1884. c Embracing corrections found necessary
in preced'g years) include mlscellan’s rec’pts for the whole of the flsca
added to each month*s earnings, aud thus distribucJ evenly through the year.
RAILROAD EARNINGS.
96
tc=
=
MONTHLY EARNINGS OF PRINCIPAL
Jan.
Memphis & Charleston—
$
1882
(330 m.)..
101,115
1883
1884
(330 m.)..
(830 m.)..
113,344
111,010
May.
March. April.
Feb.
$
97.616
103,000
112,881
RAILROADS—(Concluded).
$
05,741
78,534
$
68,311
88,059
117,720
105,471
52,202
75,512
52,005
73,15e
91 047
$
71,187
80,766
111,925
100,592
86,755
67,010
93,297
95,155
88,000
J
0
74,007
86,388
103,652
July.
June.
82,964
101,820
$
[Vo,. XL.
=======
...
|
Aug.
Sept.
$
80,565
101.99S
114,60S
*
84,47^
101,382
Nov.
Oct.
$
*
120,76S
139,18S
126,245
110,884
136,18£
154,207
142,18E
Dec.
Total.
S
146,448
150,740
*182,343
t
1,129,380
1,299,425
1,439,071
1885
(330 m.)..
Milwaukee Lake S. dk West.—
m.)..
m.)..
39,078
66,371
m.)..
61,928
m.)..
(480 m.)..
69.705
(250 to 276
(276 to 326
(326 to 374
(389
1881
1882
1883
1884*
1885*
Minneapolis Sc St. Louis—
103.94?
1.058,064
08,796
89,005
1,1('4,089
173,71C
151,576
171,746
167,745
108,522
142,322
145.91S
1.0*2,875
100,163
171,044
1,828,886
210,262
157,875
256,924
262,986
258,812
207.43S
185,002
256,271
301,054
280,062
806,4*2
289,246
100,669
212,459
253,332
2.-4,637
2,403,220
2,184,445
2,266.642
2,160,412
190,088
188,985
201,712
201,320
203,737
169,036
202,668
205,006
196,001
187,079
210,676
1,776,891 1,794,982 1,787,081 1.772,895 1.734.20C 1,814,800
1,081.798 1,756,084 1,850,200 1,843,144 1,880,214 1,819,010
2.055,988 2,057,547 2,111,450 2,580,950 2.613,134 2,411,140
1,715,469
1,818.824
2.180,982
1,571,208 20.993,112
1,091,404 20,203,469
1,615,364 1,569,568 1,784,639 1,801,214 2,104,375 1,867,857
1,703,338
1,570,385 20,368,320
100,710
46,848
70.009
90,037
95,605
100,619
135,868
104,307
148,425;
77,606
79,851
63.996
88,23£
95,109
59,931
75.17C
100,585
95,094
128,875
152.75S
153,606
119,527
110,071
122.89S
123,291
155.48S
158,009
160,78£
118,427
83,459
110,195
107,548
116,391
169,151
133,428
96,491
144,018
158,940
156.675
(506 m.)..
(528 m.)..
(528 m.)..
(528 m.)..
(528 m.)..
Nashville Chatt. & St. Louis—
1881...
(508 to 539 m.)..
1882
(539 to 550 m.)
1888
(550 m.)..
1884
(580 m.)..
1885
(580 m.)..
New York Lake Erie & West.—
1881
(1,009 to 1,020 m.)..
1882
(1,020 to 1,060 m.)..
1883 /
(1,060 to 1,620 m.)..
1884/
(1,622 m )..
1885 /
(1,622 m.).
New York & New England—
1881
(316 to 384 m.)..
224,346
216,767
230,916
163,550
159,676
158.590
168,245
148,167
145,SOS
134,378
141,97e
130,517
180,184
184,845
141.957
129,108
123,727
185,54S
135,174
134,464
179,228
*207,640
161,283
185,275
167,790
142,774
140,086
129,323
189,479
203,102
174,974
195,262
220,82S
177,336
105,655
167,393
177,200
154,103
166,690
136,704
170,061
161,957
160,203
170,753
197,388
186,992
Mobile Sc Ohio—
1881
1862
1883
1884
1885
.
1882
1883
1884
1884
1885
...
138,412
126,v8£
108.57S
216.658
218,190
210,580
171,072
190,751
1,443,43': 1.425,765 1.847,261
1,318,997 1,304,758 1,567,633
1,5*4,869 1,283,616 1,696,969
1,567,211 1,496,394 1,495.541
1,709,057
1,670,743
1,548,474
1,727,434
212,019
265,222
296,811
259,471
216,913
261,044
275,891
275,507
217,185
289,722
303,035
273,702
231,518
285,392
306,690
240,820
298,441
320,151
340,490
391,825
283,531
270,217
300,794
52,152
78,511
82,278
57,835
87,054
80,781
61,673
88,152
82,970
68,022
89,180
97,017
174,438
156,889
174,843
203,610
173,374
191,535
219,188
183,809
185,824
487,287
405,819
440.811
474.524
187,475
'
209,999
197,512
1,543,423
2,240,216
2,102,857
2,328,893
2,358,682
'
184,986
1,823,508 23.888.705
277,061
810,092
240,064
251,132
215,422
254,420
239,050
71.822
67,522
73,831
87,086
1,008.661
331,210
201,235
271,279
205,699
224,758
232,752
2,207,288
2.429,733
2,812.775
288,495
244,81'J
247,055 2,711,104
449,664
527,714
590,748
487,160
526,085
470,023
490,003
409,152
5,800,175
530.094
519,705
474,805
442,209
5,721,878
570,724
434,085 500,032
772,838
824,700
604,007
727,215
850,223 1,043,024 1,194,714 1,397,222
475,011
751.683
1,270,022
391,280 4,070,224
555,058 6.984,897
850,184 10,149,050
1,116,379
758,229 12,613,305
53,862
00,227
66,820
53,474
00,009
58,983
3.189.215 3.095.614 3.844.304 3,760,372 3,850,897 3,807,437 3,780,418 3,809,978 3,735,006 3,072.971
3.373.321 3.306.750 3.912.293 3.855,850 4,108,877 4.093,756 4,149.150 4,071,179 4,417,602 4,600,054
3,929,357 S/, 12.215,4.189.380 1.0(51,750 4,303,006 4,156,871 4,180,950 4.775,:-80 4,634,998 4,875,348
3,840,215
4,373,825
4,473,479
3,950,937
3,709,328 48,566,911
2,000,986 1,945,874 1,989,948
2,015,580
2,250,749
3,' 54,910
2,554,133
1,850,889
1,795,371
2,297,643
2,315,503
20,770,101
21,834,598
90,300,199
30,972.101
421,766
429,834
429,179
862,922
303,704
371,270
822,448
334,640
300,710
3,003,432
88,529
82,021
85,773
80,851
77,913
83,096
758,557
828,900
109,112
70,158
89,548
97,537
65,570
82,590
790,156
787,896
688,901
115,824
118,443
115,014
1,497,176
1,680,193
1,590,099
26,944
33,784
37,246
250,791
382,037
440,122
90,935
1,424,808
51,219
153,633
149,659
191,344
195,650
174,769
217,834
171.793
213,020
*230,464
225,357
210,298
211,522
149,603
185,322
205,603
202,436
386,150
407,3+8
487,273
405.588
414,789
506,865
420.490
465,694
(322 m.)..
382,657
413,551
486.865
452,906
499.252
499,133
(323 m.)..
(323 m.)..
409,846
398,613
462,564
476,385
454,749
477,848
470,164
410,035
116,508
*45.369
358,985
614,103
75,803
268,035
328,158
520,085
216,210
451,023
312,705
412.024
373.141
563.903
616,231
704,017
829,657
(254 m.)..
(254 m.)..
...
102,800
190,196
197,792
161,435
41,952
66,697
64,140
m.)..
m.)..
m.)..
m.)..
(2,453 m.)..
Sc
Evansville—
Peoria Decatur
1882
(254m.)..
1883
(254 m.)..
185,320
189,787
180.495
195,408
188,167
43,827
(722 to 972
(972 to 1,419
(1,535 to 2,365
(2,449 to 2,453
156,584
143,600
206,164
68,107
64,055
164,917
168,57*
200.487
252.603
76.974
71,704
190,996
Northern Pacific—
1881
1882
1883
1884
1885
97,39t
*
137.475
206,819
210,495
173,614
217,261
237,711
m.)..
m.)..
m.)..
m.)..
1885
New York Susq. Sc West.—
1882
(88 to 144 m.)..
1883
(144 m.)..
1884
(144 m.)..
18S5
(144 m.).
Norfolk Sc West.—(At.Miss.& O.)1881
(428 m.)..
1882
(428 m.)..
1883
(428 to 502 m.).
1884
(502 m.)..
1885
(502 m.)..
Northern Central—
1881
(322 m.)..
1882
(322 m.)..
1883
IBM
1885
216,212
189,749
213,840
245,681
243,047
(384
(384
(384
(384
73,397
86,706
112,524
72,605
(354 m.)..
(354 to 421m.)..
(421m.)..
(421 m.)..
1882
1883
1884
1885
85,585
98,24£
04,6&
80,902
035,659
906,319
66,682
82,250
75,529
48.069
31,382
65.437
63,435
76,120
162,984
484,534
477,510
240,764
299,573
883,847
358,511
281,638
261,200
304,592
365,877
306,992
70,739
703,637
105,828
65,801
00,685
95,417
71,373
94,042
99,059
190,122
221.438
232,774
240,530
228,905
222.100
272,318
261,711
287,201
228,408
270,010
498,008
025.970
429,5b5
587,272
510,427
545,727
476,811
280.524
557.558
86,782
97,275
393,252
■
660.412
789,940
978,956 1,441,514 l,2o7,805 1,143,123 1,022,438 1,032,602 1,230,560 1,401,511
2,809,948
3,993,544
3,027,257
3,240,972
723,437
1,034,210
5,443,698
6.088,131
*556,092
67,755
57,903
50,483
64,732
45,507
56,592
64,364
55,850
68,056
67,084
55,525
60,059
00,014
58,417
58,799
53,690
48,474
50,626
75,723
70,481
79,835
73,741
45,820
54,002
65,524
72,575
71,403
49,102
01,958
50,001
c
c
c
703,584
720,882
701,157
64,271
Pennsylvania—
(All lines east of Pittsburg & Erie)—
(+1,844 to 1,887 m.)..
(+1,887 to 1,981 m.)..
(+1,981 to 2.086 m.)..
(+2,036 to 2,112 m.)..
(+2,112 m.)..
1881
1682
1888
1884
1885
Philadelphia Sc Reading—
(846 m.)..
(846 m.)..
18835
(846 to 1,583 m.)..
18845
(1,583 m.}..
18855
(1,583 m.)..
Richmond Sc Danville—
1882
(757 m.)..
1883
,757 m.)..
1884
.(757 to 774 m.)..
1885..
(774 m.)..
Charlotte Col. Sc Augusta—
1882
(308 m.)..
1883
(808 to 337 m.)..
1884
(337 to 363 m.).
1885
(863 m.)..
Columbia Sc Greenville—
1882
(294 m.)..
1888
(294 m.)..
1884
(294 m.)..
1881
1882
.
1885
Virginia Midland1882
1883
1881...
1885
(294m.)..
(353 m.)..
(353 m.)..
(353m.)..
(353 m.)..
Western North Carolina—
1882
(165 to 190m.)..
1833
(190 to 206 m.)..
1884
(206 to 274 m.)..
1885
(274 m.)..
3,574,233 3,426,733 4,102,627 4,156,309 4,267,173 3,900,174 3,989,085 4,617,894 4,458,871 4,447,547
1,688,802 1,707,295 1.835,725
1,703,469 1,714,731 2.020,450
1,090.877 2,810,489 2,979,004
2,827,942 2,148,764 2,767,792
1,319,133 1,336,428 1,600,568 1,484,864
1,603,075 1,290,421 1,610,089 1,709,712
1,608,775 1,453,862 1.669,241 1.726,616
2,195,801 2,002,342 2,188,144 2,855,673
1.075,993 2,019,017 2,229 513
3,538,033 3.333.217 3,531.436
3,299,015 2,876,451 2,040,541
■
289,628
259,757
266,889
325,653
286,022
329,248
333,755
339,467
352,414
356,129
266,139
*67,409
317,181
61.775
70,618
65,376
73,468
94,109
48,203
82,031
60,106
84,043
68,236
70,568
71,077
56,646
72,343
77,272
95,591
73,182
88,021
71,928
59,768
76,021
104,388
107,115
106,004
94,156
113,823
109,590
112,499
13,042
20.090
29,212
13,948
27,557
290,717
36,217
44,094
38,299
40,788
48,296
58,780
48,070
68,143
71,411
64,270
99,125
38,987
37,308
36,637
33,240
31,755
35,012
35,023
45,109
03,173
64,849
113.860
86,247
28,148
30,880
49,205
37,879
51,130
98,019
119,225
137,700
137,362
136,026
122,096
107,017
140,777
131,306
143,491
175,800
162,560
131,313
128,433
185.205
170.167
149,890
170,208
107,590
136,826
147,040
122,715
26.897
44,000
23,337
86,132
41,518
40,218
131,697
162,993
141,408
134,479
105,506
229,982
258,091
299,329
251,819
54,816
44,052
47,961
48,241
42,158
43,092
45,728
317,504
293,147
40,785
40,879
337,387
98.205
96,753
4,157.100 40.079.826
3,840,510 51,083,244
*
244,380
272,282
250,923
263,380
297,287
52.954
340,581
302,292
-.
3,731,751 44.124,178
8,845,152
8,873,724
776,740
80,494
34,911
123,580
119,363
1
110,835
125,825
130,841
.
35,083
•
t
16,194!
18,548
26,167
31,054
10,977
27,523
16.814
23,201
20,184
30,553
30,734
27.172
21,760!
44.957
33,833
32,124
29,028
35,719
48,794
46,241
45,693
118,844!
130,086
101,758!
83,475
125,592
100,637
142,427
104,207
129.984
104,862
141,703
40.549
73,641
63,588
88,327
66.384
83.735
55,560
45,936
71,714
80,732
02,029
.
St* L. Alt. Sc T. H. Main Line—
1881
133,337 i 121,937
104,577
101,826 132,572
(195 m.)..
1882
107,227
102,153
101,747
(195 m.)..
97,905j 102,923
102,270! 101,731
1883
(195 m.)..
132,093
128,'66
133,093
1884
(195 m.)..
114,443
122,778
129,409 110,007! 104,031
1885*
(195 m.)..
93,042
St. L. Alton Sc T. 11. Branches—
1881’
71,148
64,186
64,110
50,240
68,565
(121 m.)..
75.862
1882
66,950
56,092
67,430
70,947
(121 m.)..
00,914
1883
71,892
63,566
80,951
58,970
(121 to 138 m.).
1884*
(188 m.)..
65,525
71,434
73,041
63,769
55,178
1885*
(138 m.)..
57,119
St. Louis Sc San Francisco—
1881
(597 to 661 m.)..
208,547
178,599 269,963 269,507 274,086
240.139
1882
(661 m.)..
254,040
234,496 252,900
271,323
1883
280,990
229,411
353,884
262,217 289.156
(725 to 742 m.)..
1884*
(776m.)..
319,927
329,874 415,179 363,489 357,512
1885*
(801 m.)..
315,933
St. Paul Minn. Sc Manitoba.—
1881
(855 in.)..
25-4,187
159,482 320.962 425,685 382,642
418.358
1KH2
(912 to 1,020 m.)..
570,890
858.903
895,461
531,004
1883
489.763
727,499
(1,250 to 1,324 in.)..
880,612
729,813
812,017
1884....
449,306 407,128
(1,327 to 1,387 in.)..
700,100 804,999 613,655
*.
1885
(1,397 m.).. 466,125;
|
(Jnion Pacific—
1881
(3,300 to 3,603 m.).. 1,056,005 1,600,732 1.854.723 2.140.014 2.731.3S9
1&82
:.. (3,663 to 4,180in.).
2,180,020 1.835,62 2,392 593 2,389,609 2,487,929
18*<i.
(4.180 to 4,508m.).. l,9s0,535 1,743,207 2.489.405 2.435.844 2.427.837
18S4t
..{a 4,250 to 4,428 m.).. 1,538,908 1,547,909 1,972,712. 2,128,965 2,112,34*
1885
1
(u4,428 in.)..
i
Wabash St. Louis & Pacific—
803,339; 813.371 1,109,399
1881
....(2,479 to 3,350 rn.)..
907,033 1,148,660
18-3
(3,348 to 3,518 m ). l.2*9,90: 1.134.768! 1.313.7751 1.373.194! 1.204.804
1.307.783 ; ,07b,758 1.179,236 1.1(53,051' 1,213.940
18S3
(3,518 in.)
i
1884.
(3,647 in.).. 1 1.251,093
i
I
1885
(3.549 m.) .! 1.309.501'
*1
121,990
99,083
90,953
92,227
50,132
52.948
57,048
45,330
58,535
I
r
.
72,041
91,350
82,046
75,577
.
124,621
186,249
04,289
72,817
74,961
60,689
74,192
75,355
74,108
276,556
333,026
395,462
300,160
313,205
403,640
375,578
3,160,523
3,572,241
8,896,565
60,691
t|t
f
750,024
875,460
832,468
c740,206
f
263,589
238,721
282,000
882,985
252,889
330.9141
270,101!
307,858
281,862
394,907
376,390
278,053
339.504
383,082
308,106
369,006
370.160
432,927
454,527
494,650
399,874
405,321
856,417
763,838
052,330
387,488
853,296
012,766
602,011
414,954
801,759
029,013
504,421
485,796
605,708
508,530
832,170
979,057
913,334
588,268
763,516
4.878.958
8,764,771
8.394,601
8,275,387
4,044,380
916,882
845,514
099.480
733,500 1,008,389
878,255
826,293
3.078,559
3,109.506
3.000.409
2,745,951
2,711,917
2.731,723
2,426,771
2.509,600 29,884.282
2,559,00) 30.363,926
2,4 >7.815 29,760,995
1.330.944! 1,120.015 1.542.124 1,497,240 1,400,029 1,3?2,360
1.149 082 1.418.8371 1.772.544 1.082,332 \ .595,630] 1,525,715)
1,148.418 1.210.409 1.779.841 1.737,182 1,712,830 1,500,120
1.294,657 14.467,789
1,331.952 10,738.358
1.518.288 10,908.465
1,448,333 16,090,381
2.884,774 2,766,230 2.796,843
2,508,453 2,205.0'.4! 2,827,004
2,380.132 2,567.800 2.576.440
1,100,283 2,388,343 2,430,155
•
.....
110,429
1,450,031
1,484.069
83,072 cl,283,702
155,334
131,522
98,768
I
3.119,450
3,17O.:-:i0
2.994.070
2,499,271
1
2
001,740!
i
j
1
”... .i
777,804
2,332,118 25,791,197
!
705.603 1.7*1.230
#
i
$ Including Central of N. .T. from and a’ter June 1,188;!.
Approximate figures.
+ And 60 miles of canal.
c embracing corrections found necessary
/ Includes 08 per cent of ea mines of N. V. 1* 'n^sy'vin-a .'c <'bio i rom •’"d -ftor
after monthly i tuls hud been published.
<y. 1883.
a N< t including St. Joseph & western rnnd.'nn longer opor-t.'Mt'by ITnfr>n
i Te-al >oc 1834 is mad** up sites- deducting 5>414.8S8a argad off by Mr.
:*ic;de.
Adams o*-n<t*»uu)im" flicc >n lu-'p.
/? l«ca!-i'»u j>
es.rr tm-s.
*
r“rr*
rm
jpl
te
k-7V^
"i, -r, ". 5F-. v fcr
•>-. »:•-*•'•
J&s
'•?:.,
•
J£%.
|S&
^
•
V>v , ''1 'v -y •■^■'f’-’"-.a-Kt-iS :v-^---v? 1 ,'J ■
'K."
'-■'
-= •
■
,K:. V‘:
-V-' '
\V--v',» %’->.'>--•i
mM£
....
V*
-- -t
-
‘
..
V
S.<^ v i; ■■
'-S-^j.r-• V• '■'■ ’i
;
v
.....
•"•
r..-:.
i -v *. ’- r>
?.N
^
.
,-r,,-,r.,^• ^,--r..» ;•■*-.?•■ .;—i;>;:-yy-; ^ a "•■;
s
V-„.V^-^vtV^/’T1;
% v>r■*•.v-V^:-,2&£&??
1^/Tr4ln,r^{^‘: -.wv. V/ eVs^OJ;;?*?/&•- -5-'• T/l#?**2#*:
.-.sfe-,-?
-.
-•.-•* ;• >»;
v*
.-"v.r 1:
-.
h^.~r’
■
V-'
< --;.• .-<
1 '■‘-'
SRiiWIM.:
IS
itlr
«;■
v
;^-‘r
F*j£+v
♦'
a.*.t
-
5®MH?
-i
,
<r: -\
'v.-'.-
mp
M&-
’-■
:v?c
v>'“> -'
••vr•■
fifV
f «■'■-:^z---
^
•b-J*
'\Jir'»:-
a*'7
B5$r
■&*<?
fe
te>
te
•Vit.
,
,^r.,
"%':-
*■'?;
- v;---
'-
'V J.'
A,,i
-•
'i^ranco9. rGir'e':riria.iiy#''B©;(giu-jjti,i1')^'\^J^i^>jpfe;'
Sivstaii^‘
?'rr4 r :s^'£ i-f
ter
r-W«yr^a^,;I>en^ark,^Sweiae3PL:?a:itii;;{#u^t^sitta|r#||^
ISflJE;rGOTOERClA^v^N»r.TR4VBtE,RSf7r^R^]^i^
....
-,-
-■•^■•;:--■:
1
a.
t;
-
v;r.v,:v,^7.-’^
-wm w,;.¥ in m
W.-J5- ap^*t,lrljr;
®:
':.>:'.
•
AVAILABLE
...
,4,
' .;
"IK
>: *;■■'■>/■
>--
f:*•'-
••
-.
^
•
•
•.:
Wq^D;
ANY PA^T Of THE
.-'v:v--,
.
'
‘
• ■>-
^-...
.
■
'•
v
-
•?'-v-
AM m VK/WC8i''m iiABUNlQUB ANI>- &UAplfi$|rP®
f' -v-^ ,-.'^■'. ' ••
:-r;?v^ *• :■•:. •
•-,
jr, 1 >_•-,• ■ , -'
■
■•
■ sr
V-- .-•
.
_•
v.
j
■.'
.
.-.*
..>v
■?.
■
»•
-•
.-.,£'•■•• --’ ,-• -w" ‘ ■
*
-
■
-*-*-'r-
-.
v
: *+ ^
* „■■■-'>?
^-:
;VT
;-^C
'V'C;
ai AK E ^ r e^li^XrT I ^
,?
:: "D:K;4r^IFS
y.
?
:'
'*’*-V:‘^;*v ;'•''£*'£¥■:
JKSj.-'
ffft- J;V-^/!,>^:■ 4.’r.^r§£J*2
uw%&&
1 Vv£
[•VX
-;
j“V r-tV
--Jf*v
‘
-* V
■
’-•'
V
k
-
'V
''A
THE
(ANNUAL )
18 85
.
FOR
BANKERS,
STOCK BROKERS,
MERCHANTS,
INVESTORS.
CONTENT S:
Retrospect of 1S84.
Investments and Speculation-
mercantile Failures.
Compound Interest Table, Showing Accumulations of Money
Banking and Financial-
in
United States—National Bank Figures and Currency Move¬
ments.
New York
out
Market and Bank Returns.
•
United
The
Securities Purchased at Different Prices (with-
regard to Date of Maturity).
Stock Speculation in
J
States—Foreign Commerce, Trade Balance, U. S. Ex-
j
United States Debt and Securities—
Debt of the United States.
London —Review
Year, Bank Returns, &c.
Prices of United States Bonds
*'
1860-1884.
money market—
State
Influences, and Prices of Call Loans and Commercial Paper
Debts
and
Securities—
State Debts and Prices of State
since 1876
Gold
and
United States and Abroad.
Foreign
Securities, 1860-1884.
Railroads and their Securities—
Silver—
Production, Exports and Imports of Gold and Silver in the
Railroad Statistics of the United States.
Railroad Earnings. w
Stocks.
Exchange-
1880-1854.
Market and Prices in New York, lS'U-lSSL
ir
Showing the Rate Per Cent
i
ports and Imports of Leading Articles.
of
on
Table
New York.
V
%
,
Series of Years.
Realized
City—Bank Returns, &c. London—Money
Commercial—
a
WIL LIAM
2 00
13.
DANA
(one copy only)
&
CO.,
PUBLISHERS,
IV
Prices
of Railroad Stocks. 1880-1884
To Subscribers of the Commercial A Financial Chronicle
79
Prices of Railroad Bonds,
The New York Stock Market, 1SS0-1S84.
,7. Price of the Review bound in cloth..
Nos.
Preferred Railroad
A
SA
William
Street.
Neiv
York.
1 00
@FedFRASER