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Street Railway
SUPPLEMENT
TO THE
(C
ommercial &
F inancial
(] hrowicll
FOR INDEX OF COMPANIES
#
See pages 95, 96, 97. 98, 99 and 100.
I^^'^We
have no extra copies of
this Supplement.
2S, 1
WILLIAM R DANA COMPANY, PUBLISHEBa
PINB STREET, coeneb PEARL STREET,
NEW
YORK.
Entered according to Act of Congress in the year 1903 by William B. Dana Oosipant. In Offloe ol Librarian of Congroaa, WaahlnglMi, D.C
^^m
CHANDLER &
BANKERS,
A. N.
CO.,
THE BOURSE, FIFTH STREET FRONT, PHILADELPHIA.
FIBST M0BTGA6E RAILROAD BONDS AND OTHER HieH -GRADE INYE8TMENTS.
All bonds offered by
have been oarefully selected and investigated as to legality of
of the property and permanent financial success of the Company.
vta
issue, phjrsioal condition
An experience of many years affords the advantage of intelligent counsel in the making of investmentSi
Attention given to the organization and financing of corporations.
CAPITAL FURNISHED FOR MERITORIOUS RAILROAD ENTERPRISES.
HOLLINS &
H. B.
WALL AND BROAD
COR.
Issue
STREETS,
Letters of Credit for Travelers, Available in
DEALERS
CO.,
all
parts of the World.
INVESTMENT SECURITES.
IN
A9ENT8 FOR THE INTERNAIIONAL AND MORTGAGE BANK OF MEXICO,
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ROLLINS & SONS,
H.
BANKERS.
MUNICIPAL AND CORPORATION BONDS.
19
MILK STREET,
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DENVER.
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ENTIRE ISSUES OF
STREET RAILWAY
BONDS BOUGHT and SOLD.
UPON FIRST-CLASS
SPECIALISTS IN HANDLING CHOICE ISSUES OF BONDS BASED
RAILWAY PROPERTIES LOCATED
8»nd
for
IN
OR BETWEEN LARGE AND PROSPEROUS
Monthly List and Special Circulars giving full information Upon
and Railway Bonds.
E.
BOSTON,
Telephones
131
:
H.
GAY &
Devonshire Steeet.
3143 Boston, 3189 Boston.
NEW YORK,
Telephone
:
1
Nassau Street.
1082 Cortlandt.
these
and
CITIES.
other
Municipal
CO.
PHILADELPHIA,
Telephone
MONTREAL,
:
421
Chestnut Street.
41-86 Philadelphia.
189 St. James Street.
Telephone Main 1907.
:
Street Railway
SUPPLEMENT
TO
£|
0MWERC!AL &
Entered according to Act of Congress In
^A
Vol.
£|
hRONICLE.
Office,
NEW
76.
f lNANCIAL
year 1903, by William B. Da2ta Company, In Office of librarian of Congress, Washington, D, O.
New York, as second-class matter—William B. Dana Company, Publishers, 76J^ Pine St., N. Y.
tlie
weekly newspaper entered at Post
THE-
YORK, FEBRUARY
The connecting
connection.
Street Railway Supplement.
1903.
28,
No. 1966.
copper has seven times the conductivity of a steel
The Stbeet Railway Supplement Is
la
issued tliree times a year and
furnished without extra charge to every annual subscriber of the
COHMERCIAL AND FINANCIAL CHBONICLE.
the
same
section, it is the material employed.
wires, twisted into the form of rope or cable,
solid ends or studs
Thb Investors' Supplement,
Isssued quarterly, is also furnished
vithout extra charge to every subscriber of the Chronicle.
ends of the
rail
of
Copper
and with
which are fastened into holes in the
Instead of
are used for this purpose.
rails,
As
link is called a bond.
jumping across the rail joints, as it might do if the pressure (which would then be equivalent to a great waste of
The Bank and Quotation Supplement, Issued monthly, is also lurpower) were sufficient to force it, the current leaves the
nlBhed withyut extra charge to every subscriber of the Chronicle.
Terms for the Chronicle, Including the four Supplements above rail for the copper and goes around the joint, renamed, are Ten Dollars per annum within the United States and
There
turning to the
the
other side.
rail
on
Thirteen Dollars (which Includes postage) in Europe.
must be ample conductivity in the bond itself. There
Thb State and City Supplement, issued semi-annually, is likewise
tnnilshed without extra charge to every subscriber of the Chronicle.
WILLIAM
B.
DANA COMPANY,
must be
Publishers,
NEW
VORK.
BAIL BONDS.
Many
fuses
readers \nov^
tlie
go from one point
to
return; that
is, it
upon a
insists
of which the return path
can
consists
or
of imperfect
con-
always
,
choosing the path of least resistance, which, electrically
speaking,
is
There must also be protection for the bond
thieves, who would not hesitate to wrench it off and
in two.
fi'om
sell it for
junk
if it
were
so placed that they could get at
it.
The substance These conditions must be met by a good bond.
may be of poor conOne form of bond is made by casting into its terminal
but the current gets through somehov
;
it
without
circuit.
or of insufiicient size,
ductivity,
tinuity
another unless
to
rail,
There must
be enough elasticity to absorb the shocks which might
gradually work the bond loose from the rail or even break
it
general fact that electricity re-
between bond and
or of working loose.
close contact
danger of electrolysis
Pine Street, corner of Pearl Street,
Post Office Box, 958.
a-
Put
always the shortest way.
sufficient
or knob-like end
which enters the hole in the
hardened bronze plugs
forces these
;
when
rail
two
in place, a compressor tool
two opposite plugs a quarter inch towards
each other, thus expanding the terminal within the hole
and making it turn over like a rivet-head on the outside.
just as a running jump may carry a man over one wliich Another pattern founds its especial claim on being a onehe could not cover from a stand. But if the path is piece bond, the copper wfre cable being bent over, and its
difficult, either by the nature of the material or by the
ends being finally forced into the form of a short round
insufficidyfsize of the conductor, or because there are knob by pressure in a die
the claim is that as the consome little gaps like cracks across (thus furnishing ductivity of drawn copper is greater than that of cast
pressure behind the cuiTent and
it
will
overleap a gap
;
miniature chasms), there
A
duced.
bum
is
a heavy pressure will
current with
out a wire which
a hindrance, and heat
is
very
much
is
pro-
quicldy
too small.
The
copper, this form
a separate piece and attached, and also that where
there is no joint there certainly cannot be an imperfect
a spot of imperfect conductivity makes an
one.
" arc,"
utilized to
produce electric light ; the same
fect
fact that
interrupted conductivity
up the destructive process
conditions favor that
great profit in
Avhat as
as an
many
friction,
enemy,
is
the
j
called
same
is
a disturbance, sets
electrolysis
where the
principle is utilized to
electro-chemical industries
—some-
always inevitable and always opposed
really
an indispensable aid in other
superior to any in wliich the terminal
is
fact that
is
is
Another
—which claims
to
produce the needed per-
molecular union by fusing the terminals
ble portion
—uses the term "protected" as
making a strong point of
fish-plate
cannot get at
it.
This pattern of bond
is
In the case of electric railroads, the necessary return
path is obtained by using the rails. But the rail, while
yields especially well to the expansion
ivity,
has joints,
what it lacks in conductand these joints must be bridged by some
title,
made
in a great
variety of forms to suit varying conditions, and among
thesw forms is one with flat bands instead of round
twisted wires; for this style the claim
in size
trade
rails together that thieves
aspects.
making up measurably
its
bond under the
so placing its
which fastens the
to the flexi-
is
made
that
it
and contraction of
the rails lengthwise.
The
rail-bond, practically a portion of the track over
which the owner and non-owner of
securities of electric
STREET RAILWAYS.
roads trarel with probably no tliouglit about
thus an
it, is
switch turns the car and the trolley follows because the
car pulls it but the double trolley requires some special
which involves practical questions. Its perfection
Where a branch like a
joins the main
or imperfection has much to do with the comparative arrangement.
•efficiency of the operation and the conservation or the track at an angle, one wire at the exact place of junction
waste of power, all of which is sui-e to get into the has a short piece in it which is hinged like a gate and is
held closed by a spring, so that the main line is continufinancial results.
article
;
Y
When
ous.
the
IMPROVED TRACKLESS TROLLEYS.
;
Supplement
In a previous
of the trackless
lines in operation
trolley
pushes
made main
was
mention
main
abroad and
of the short one lately built in the town of Franklin, X.
it
line
a car approaches from the branch to enter
one
line,
and
trolley strikes this switch-gate
end makes contact with the opposite
wire, Avhile the other trolley rolls around the
until its
''corner";
when
the trolleys have passed, the spring
restores the gate to its former position.
Over
main
the
and from the branch into the
main
line,
the
arrangement
works of itself, for going
usual return path through them, a second overhead wire
and a second pole and trolley are necessary, the current from the main line into the branch the gate must be
coming in to the motor by one wii'e and trolley and re- opened by hand, although some further arrangement may
turning by the other. There is an instance of employing perhaps make this unnecessary.
H.
rails deprives the
Since absence of the
two overhead wires
current of its
complete circuit when tracks
for the
are used, but this will probably never become general,
for there
some
is
awkwardness
special
trolleys on, as the cars do not
in keeping the
maintain a fixed line and
must turn out for one another.
Yet this is subject to improvement
line
in either direction,
Even with
the fact before us that the automobile has
attained railroad speed and
much more than
regular
road speed on broad and exceedingly good highways,
railit is
not reasonable to suppose that high speed can ever be
regularly had without tracks ; hence the trackless trolley
must remain limited to rather low speed and short lines.
tails, and an interesting and practical improvement has Yet this does not prohibit it fr-om attaining great usefulalready been devised which will soon be put in operation ness in pioneer and auxiliary service.
in some i^ew England
in mechanical de-
The small
cities.
clips or brack-
which attach dii'ectly to the two parallel overhead
"wires are bent and face each other, so that the trolley ELECTRIC LOCOMOTIVES IN INDUSTRIAL
SERVICE.
wheels run on the inner and opposite surfaces of the
wires instead of on the bottom the contact is thus on
While the electric locomotive is awaiting the issue of
the sides of the wii-es instead of underneath them, and its rivalry for the larger service, it is doing some subordithese two contact sides of the two wires face each other. nate work in freight hauling on small lines for private
The trolley wheels are also placed horizontally at the industrial uses this is in some respects unlike the quite
ends of their poles instead of vertically, as usual, and important business of the trolley as a merchandise carrier.
ets
;
;
they press outwardly against the inner sides of the pair
of wires.
arrangement
This
can be indicated
gi*aphi-
A Berlin concern
(Arthur Koppel) has been
for six years
past engaged in constructing these small machines
and
Here the letter o stands for installations, Avhich are in use at sugar works, glass
each wire, seen in cross section, and the hyphen stands works, cement works and many other industrial plants.
for the trolley wheel, placed horizontally, pressing out- The most interesting feature of these is their adaptability
wardly against the wire and running on the side of it to circumstances and their semi-portable character. Ac-
cally in this
manner
(o- -o).
instead of on the bottom.
The
contact
result
is
that
cumulators have been used, but are not advisable except
of this ingeniously
contrived horizontal
when
the position directly
the
and goes
trolley wheels shift around
face of the wires and are
This
flexibility is
"When they
limited
—
for instance, in
mines,
where the emission of sparks at the contact between
to one or the other side the trolley and wire might be dangerous.
to another portion of the surThe usual overhead construction is followed, with a
not inclined to leave them. light wooden mast which carries a bracket but there is
by the length of the poles. an ingenious and more portable arrangement which sets
car leaves
wires
tinder the
when the circumstances compel
;
up a U-shaped girder, inverted, with its ends fastened to
where on a road of 20 to 22 feet in width and can wind an extra-long tie, which is placed under the rails and is
These little fi-ames having
held down by their weight.
its way around and among wagons.
are of the
Another device
is
usual length a car can
go any-
intended to facilitate getting the
been placed a few hundred feet apart, the feed wire is
;
it is placed there by being
attaclied to the arch of the
The small yoke in which the small
U
wheel is canied has an arm extending five or six inches unrolled fr'ora a wooden drum mounted on a special
vertically downward below the wheel, and the cord is wagon, the wire unwinding (and being drawn to tension)
attached to the end of this extension. By pulling on a as the wagon is pushed along the rails. These small
third cord the conductor or motorman " piuches " the engines are from four to twelve horse-power, and are
trolley
on the wire.
ends of the trolley poles towards each other and also
worked over tracks
laid without regard to
grading down.
them until they are between the two wii'esj on On steep grades they are fitted with an electric brake
releasing them they spread apart of themselves and which transforms the momentum into electric energy
come up against the wires about at haphazard. If the directed to the task of stoppage.
cords are against the wires (as they are likely to be) a
The Brooklyn Rapid Transit Company is using a small
simple pull downward brings the extensions against locomotive of the mining type to haul coal and ashes for
them and a further pull slides the grooved wheels into its power plant. The Hawaiian Electric Company
elevates
place on the wires.
The device
.another
is
This
is
done almost automatically.
for switching the trolleys
equally
ingenious.
from one
Ordinarily,
the
line to
track
(which must be interesting in industrial work)
one
to
grinder.
is
using
haul sugar cane from the plantations to the
A
lariicr
oue
is
in
use on lumber trains at
STEEET EAILWAY&.
^
Georgetown, S. C, by the Atlantic Coast Lumber Com- visibly distinguishes this from what is now understood
Of course, the instill larger one, liaving eiglit wheels and two by the best modern railroad practice.
pany,
motors, is used by the Carnegie Steel Company to haul tended results could not be attainable otherwise.
A
freight
trains.
Thus
there
seems
to
be some steady
This road, perhaps the most highly developed of
progress in development of electric power in this direc-
a piece of construction,
tion.
cago to Aurora, but the like process
places.
AGGBESSirUJ^USS
The most
roading
ELECTRIC ROADS.
JiY
interesting present process in electric rail-
is its
stretching out after distance
— from
being
merely local street-surface roads becoming urban, then
interurban, and so gradually growing in size, importance
and aggressiveness.
The
place the steam one
—that
electric
is
may
locomotive
dis-
a problem of eflTectiveness
and economy, and any prediction of the
result
would be
an interesting course
to
watch, but the ex-
tension of electric roads per se
is
apparently a more
rash.
It is
advanced one.
From
Springfield, Worcester, Providence,
and Boston
more than from Xew York, and fi'om Indianapolis,
Detroit, and Chicago more than in the East, passenger
rather
electric roads radiate for
One can
moderate distances.
go (barring a few gaps here and there) between Boston
is
The Lake Shore
all
as
only 35 miles long from Chi-
Electric,
is going on in many
which is a quite close
announced a cut a year ago of a little more
than one-third on the steam rate over the 115 miles between Cleveland and Toledo and one of nearly one-half
between Cleveland and ]Srorwalk. In most cases the lower
rate has an offset in the greater time consumed thus far,
but frequency of service and convenience of access modify this offset somewhat.
Thus, two steam roads liad the
travel over the 10 miles between St. Paul and Minneapolis, giving an hourly service, and making the actual
interval a half hour; the fare was 30 cents single, 50
cents round trip and 15 cents each way to commuters.
The electric road came in, reducing the fare to 10 cents
each way. The running time Avas some 20 minutes
more; but the trips were fully three times as frequent,
transfers to connecting lines were given, and the cars
could be taken at any corner of the principal streets in
parallel,
and is'ew York by trolley, and even as far as Chicago, the business districts instead of only at one or two depots.
and narratives of such trips have appeared in several Time was thus saved in one way while lost in another,
periodicals, this appearance showing their pioneer charac- and the lower fare and greater convenience gave the
ter.
These trips are tourist and experimental, not travel- electric the business.
ing.
The
fact that a series of little strips of track join
each other over quite long distances does not
make
What we
call
trunk lines perform a distinctive service
—quick movement between large
and distant
permanent
service
hardly
line.
At the outset, it is evident that electric
less in aggregate
roads, mainly single-tracked and loosely laid on or closely and certain to have an almost indefinite expansion, is the
along existing highways, following their grades and sharp feeder service, for which electric roads are especially
There is some incompatibility between through
curves, cannot constitute a railroad in the modern sense. suited.
They are interesting, often picturesquely attractive, and auid local traffic on trunk lines as there is between pasTery useful locally; they render a valuable service, and senger and freight; and if things were always feasible
are worth much attention in their own class.
But the because they are desirable we should have distinct lines
electric roads which count must be of thorough modern for these several sorts of traffic.
In construction, operaand
must
have
their
methods
and
grasp
traffic,
construction
own private right of tive
for
the electric roads
which have got past the limitation suggested by ''broomway.
There are already several pieces of such road, of which stick train" are approaching the steam roads. There
the most notable are the Union Traction Company's of has been some overdoing, naturally ; but the tendency to
Indiana and the Aurora Elgin & Chicago. The fonner unification is clear.
is an overhead trolley, mostly single-tracked, operated in
Yet there is no occasion for uneasiness about present
connection with an interesting telephone system, and or possible competition. The steam roads are observant,
claiming maximum speeds of 40 to 60 miles. The other and are free to use the new system themselves as well as
is even more remarkable.
It was opened six months to dispose of parallels by the old method of absorption.
ago, beginning at the moderate speed of 27^ miles, but For example, the Boston & Maine recently built and
the aim is to run at 40 on local service with stops three opened an electric line from Concord to Manchester,
miles apart, and at 65 maximum the plan looks even to and the Xew York & New Haven, which has long been
80 or 100 and thus to contributing towards the working- threatened with paralleling, has used both these methods^
out of the problem of real high speeds. The road is a The rivalry will work itself out peaceably.
ithii-d-rail road, and it is proposed to run the cars from a
stand to a rate of 50 miles in not more than 30 seconds.
AUTOMATIC BLOCK CLOSING.
Users of the Manhattan Elevated cannot have failed to
notice how much greater is the " pick up " or attainment
The disaster on the Central Railroad of Xew Jersey,
of the regular speed since the electric motor replaced the a month ago, recalls the similar one in the Park Avenue
steam locomotive. Quickness of acceleration is a char- tunnel a year ago. Why the signals failed to be seen,
a
through
of railroads
centres.
A
—
—
;
actciistic of electricity
;
yet the above rate seems start-
ling.
why they were not obeyed, may never be
certainly known
the ascertained fact is that the human
fiictor somehow failed in both cases.
or, if seen,
;
The Elgin road
and the
single-tracked portions have long sidings and were built
On single-track roads operation is usually by telewith the intent of doubling. If it were practicable to re- graph and train order when collision occurs it is by
produce cuts of some of its culverts and masonry bridges, failure of the human factor, either by omitting to send
they would show the solidity of the construction; the the required order or by sending it erroneously, or by
is
largely
double-tracked
;
cars also follow regular types (including specimens of misunderstanding or disobeying
parlor and
sleeping)
and the extra
rail
is
all
which
it
when
received.
On
the most important double-track roads the block system
STREET RAILWAYS.
it is
on the projection screen has observed how the
swift succession of images fatigues the eyes
so, too, the
closed (by signal) against any following one until the
whirl past tends to drowse or hypnotize the passenger
is
so popular
used, the line being divided into a series of short sec-
When
tions or blocks.
first
a train enters one of these
;
As who
train has passed from the block into the next.
looks long out of the car window.
worse in the engine cab.
a train approaches a block, the signal shows
^'safety" or "dangerj" so long as there is no hitch in
either
It
The whirl of
must be
far
posts, buildings,
switches and other objects, together with the roar of the
show Avhen it wheels, must be confusing to the senses a proof is that
sliould, and the engineer not for any reason running by the engineers of the fastest trains lie over for alternate
the signal, there is at least the length of a block between trips human senses and nerves could not endure such
operation, the danger signal not failing to
;
—
and
trains
tension every day.
collision is plainly impossible.
So
cannot be strange
it
the retina
if
and hearing, the sense of comprehension and sometimes fails to catch the signal, or if the brain fails
the prompt action in response to both all have their to instantly interpret it and give the proper order to the
The human factor has its uncertainties. The muscles. Perhaps the surprise should be that this danlimits.
new rider of a bicycle, seeing a tree or like object ahead, gerous slip of duty somewhere in the organism does not
having ample room on each side and earnestly desiring occur oftener.
Plainly, the desirable thing is to eliminate the human
to avoid the obstacle, sometimes runs upon it as if irre-
But
sight
sistibly
Trolley cars, approaching each other in
drawn.
plain sight on a single track, sometimes collide because
each motorman
make
claims the right of
way and thinks he can
the other yield and run back to the switch ; so each
both are frightened; but
it is
the
same
way
station,
direction
to
engineer
the
main
caught
This
line the
it,
is
moment
is
of
trial.
time, which
fails to
is
catch
^ ran past."
Everybody
signal
is
electric
one
But
now
operating a device of the simplest characfr-ont
a short arm
of the leading truck
[
extends downward, which
man
valve
on the spot
set at " danger,"
the
man
visible in only
just then the opportunity
is
to
in the cab re-
is
connected with the air-brake
the
moving
ordinarily, this rides clear.
;
an arm next
and remains
position
" safety."
so
to
one
until
When
rail rises to
the
signal
motorman does not obey
If a
the
signal
is
a vertical
returns
to
the signal, this
j
raised
the
«rm
spot,
strikes the lever as soon as the truck reaches
and the brakes go
patented and not costly, nor
is it
on.
new
The device
;
is
not
with the modifica-
was suggested
steam locomotives by Mr. Westinghouse some ten
tion of placing
it
on the roof of the cab,
it
one instant of years ago.
is
gone
Moreover, the circumstances are
who has seen
The Boston Elevated, an
road temporarily using the subway as a part of
Just in
ter.
however, await
not,
|
shortened as train speed increases;
it
not simple, but includes
is
yet this does seem to be one
settlement of this problem.
for
the
;
the surest thing
contest between the steam
Automatic block closing need
signals, this factor
mains.
best
practical problems
is
point on behalf of electricity.
signal,
electro-pneumatic device.
The
after gi-avity.
its line, is
and another one in the cab is to see it,
understand it, and obey it. For any of several reasons,
the signalman may fail in his part; it is, however, mechanically possible (and sometimes this is done) to nearly
or quite eliminate him by some automatic electro or
At
many
his engine lapped over into
In the case of block
ordinarily at both ends;
work the
we know,
locomotive and the electric
dragging engines and cars into wreck.
only one instance,
making
block in the signal sense and also
the line " dead " to any following
being as infallible as electricity, which
express engine reached the spot and
be so peculiar, of the failure
Thus each
own
which approached the block too soon; humanly
speaking, such an automatic arrangement could not fail,
fell
out of many which may uot
of the human factor at some
impossible for
it
train
The whistle of the coming express
asleep in his cab.
startled him, and while only partly awake he mechanically pulled the lever under the impression that this was
a call for him to go. Since the switch was set for the
main line his forward trucks would soon have dropped
off the rail ends, but just as
to
any following one on the same block.
physically by
waiting for an express headed in
the
This can be done under electric
train coiild close its
too late to avoid a crash.
pass ahead;
the engine to run past.
to
A freight train on a trunk line was once standing on a
siding at a
and
propulsion by having the engine cut out the current as
keeps on, unwilling to show irresolution by slowing, until
make
factor as respects signals
if
he
—he has
difficult.
pictures
now
N"obody
is
sanguine enough to suppose that disasters
can ever be made absolutely impossible. But there seems
no room
for
doubt that an automatic device of
could effectually
guard against rear-end
this
collisions.
nature
Street Railways.
SECURITIES
AMD REPORTS.
This is one of our four Supplements.
In using the series it is to be remembered that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news the Chronicle contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and therefore in
Hence constant
Srreat part for the value of their securities, upon the population and activity of the country they serve.
reference to our State and City Supplement will be found necessary by those wishing to purchase the stocks and bonds of
street roads. Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are given at
length in that publication, every one of which items is an essential fact contributing more or less to any correct estimate of
the amount of suburban travel a given road commands.
The Abbreviations used in our Street Railway statements will be found explained in a table immediately following the
last statement in this Supplement.
full Index which shows where each railway will be found is also given on the closing pages.
A
AKRON, OHIO.
;
NORTHERN
OHIO TRACTION & LIQHT
—Trolley.
CO
ORQAnization—Tills company
is
successor in Dec
$700,000, owned by Troy City Ry. total, $765,000. The Waterford A
Cohoes RR., $25,000 stock, receives 7 p. c. yearly under lease.
per cent, was paid May
Dividends—First quarterly dividend,
1, 19uO; same rate since up to and including Febrniry, 1903.
Road Operates 77% miles of track. Lines connects Albany, Troy,
Cohoes, Rensselaer, Watervliet, Lansingburg, Green Island, Waterford, etc. Has 396 cars, including 12 snow plows, 7 sweepers and
15 service cars. Carries express and light freight.
Annual Report—Years ending June 30th. Report in V. 75, p. 664.
1902.
1901
1902.
1901
Gross eams.$l,461,892 $1,331,879 Interest
$198,327 $179,235
Net
*424,354 Tax,ren'l8,pto 73,769
456,975
67,316
Otherinco
17.716
8,329 Dividends 5% 249.991
229,487
Netincome
474,691
432,683 Balance
def 47.396 def.43,355
.
1902, to the
Northern Ohio Traction Co., having exchanged its securities for the
common and preferred stock of the latter per terms in V. 75, p. 733.
It is one of the Everett-Moore properties.
Maturity
Date, interest.
Outstanding.
Stock & Bonds—
Common stock. $7,500,^--^ nnn
*o,/ou,uuu
000(par$100)
S
5g.M&8
300,000 Sept.1,1915
^SwfoOo'mOOoVm^t'h^^S
5 Central Tr. Co., N. Y., trustee, pays Interest.
!^ver2 27iio mUe's
59^
5 g. J. -J. 2.700.000 Julyl.1919
North Ohio Trac morte
^i
\ Int- at Central Trust Oo., N. Y., trustee; or
«?nTn Ann 7«i'
nn^v
*J.OJU,0U0
(it.1,000) ..o
^ pj^jQ savinsis .fe Bank. Co.. Cleveland
Northern Ohio Traction &S 1903 4&.'>gJ-J 2,750,000 Jan. 1,1933
m
—
.
*
O
6 mos.
.
Light 1 St con8ol.(f 1,000) > Int at Savintrs & Tr. C.>., Cleveland, trusgold, $7,500,000
tee, or at First Nat Bank, New York.
)
Bonds— Oi the $3,000,000 Northern Ohio Traction bonds. $300,000
are reserved to retire the Ak. Bed. & Clev. gen. mtge. of 1895. Bonds
listed on PUila. Stock Exchange in Oct.. 1901.
Of the $7,500,000 No. Ohio Trac & Light consols., $3,000,000 are
reserved to retire the No. Ohio Trac. bonds, and $1,750,000 are held for
future requirements; $1,000,000 are 58, all outstanding; the rest 4s.
Plant— Operates 95 miles of track. Including the Akron & Cuyahoga Falls Rapid Transit. Extends from Cleveland to Akron, and
from Cuyahoga Falls through Akron to Barberton, and to Kent and
Eavenna. Rails, 50, 56, 70 and 80 lb. T and 73-lb. girder, standard
gauge; operates 126 oars in all. Also embraces electric-light systems
of Akron and Barberton.
Earnings— Years ending Dec. 31 for the old Nor. Ohio Traction Co.:
Calendar
Gross
Fixed
Net
year—
1902
eyrnings.
earnuioft.
charoes.
S'lrplu-.
$745,044
$334,251
$155,068
$179.1 S3
1901
617,011
266,166
136,161
130.005
Officers— President, H. A. Everett, Cleveland. Ohio; 1st Vice-President, vVill Christy; 2d Vice-Preoi'ient and Gen Manag*«r, Ohas Currie,
Akron; Treasurer. ,T. R. Nutt, Cleveland: Secretary, C. F. Moore. Akron;
General offices. Akron. -V. 70. p. 176; V. 72. p. 88. 137, 184.391: V.73,
p.
785, 1264,
1
313; V. 74.
1087, 1203, 1254,; V. 76,
268. 3>^0, 630,
p. 48, 102.
p.
ALBANY,
UNITED TRACTION.-A
1303; V. 75,
p.
30, 667, 733,
Oih.Inc.
Net.
to Dec. 31.
Oharoes.
Surplus.
$2H9,277 $29,805 $143,270 $155,812
248,816
4,135 123,015
129,936
Officers— Chairman of Board, Robert C. Pruyn; President, John
W. McNamara, Albany; Vice-President, Francis N. Mann Jr., Troy;
Sec, Chas. G. Cleminshaw, Troy: Treas., James MoCredie. Albany;
Supt.. Edgar 8. Fassett: Supt. Express and Freight, John W. Gibnev.
Principal office, Albany.-V. 70, p 77, 126, 330. 383, 431. 634.
1902
1901
$783,497
747,228
793; V. 71, p. 313, 544: V. 72, p. 138, 284, 989, 1035; V. 73, p.
844, 1113; V. 75, p. 664.
614,
ALEXANDRIA, VA.
WASHINOTON
ALEXANDRIA
& MT. VERWashington; overuead outside
NON RY-— Underground
—
trolley in
Stock
&
Bonds
Date,
interest.
Oiilstand'g.Div.&Matur.
Stock. $500,000 (par $50)
$500,000 See earnings.
8t mort., $750,000, gold..
1895 5 g. F.-A.
700,000 Aug. 1, 1925
Interest at Real Estate Trust of Philadelphia, trustee,
Earninqs-- For the year ending Dec. 31, 1902, gross, $217,660; net
after taxes $77,420; interest and rentals, $32,500; surplus, $44,920.
Dividend of 2 p. o. paid on $500,000 stock out of this surplus.
Road.— Operates from Washington, D. C, (13ia St. & Pennsylvania
Ave.) to Mt. Vernon, 17 miles; extensions to Arlington Cemetery and
Rosslyn, Va., etc., 8 miles; total track, 25 miles; T raUs.
Officers.— President and General Manager, Clarence P. King,
Secretary, Frank K. Hippie; Treasurer, J. K. Swartz; Supt.,J.OolTtn. Office, Alexandria. Va., and Washington D.
V. 74, p. 1198.
1
ALLENTOWN\
N. Y.
PA.
LEHIOH VALLEY TRACTION-A trolley road.
trolley road.
69, p. 541,909.
agreement with Albany & Hudson Railway & Power
Co., the Hudson Valley Ry. Co. and the Schenectady Ry. Co., by which
these roads oDtain an entrance into Albany; also with the Hud-son
Valley Ry. Co. and the Troy & New England Ry. Co., allowing their
cars to enter Troy over the U. T. Co.'s track.
Date,
interest. Outstanding. Last div.,<6e.
Stock & Bonds—
Btook (par $100) $5,000,2. 1903.
«.
ooo q-^ < Feb. ji^y^
*4,»»9,aau^
<
000
Debentures, $1,250,000)1901 4i4g. M.-N
567,000 May 1,1919
gold ($1.000)
t] Int. at Nat. Cotnmercial Bank, Albany.
.Bo"d«—The above debentures may be called at any time on three
months' notice at "a 5-per-cent interest rate for the unexpired term
as calculated in standard interest tables " V. 73, p 1113. The United
Traction Co. has acquired $81,300 Cohoes City Ry. bonds.
Secubities of Old Albany Railway.
5 J.-J.
lat Mortgage
1865
$29,000 Jan. 1,1905
4th Mortgage
1880
11,000 Mch. 1, 1905
6 M.-8.
5th Mortgage
1888
5 M.-S.
32,000 Sept. 1,1913
Consol. M. '(.$500,000),) 1890
5 g J.-J.
428,000 Jan. 1,1930
0" gold $1,000)
5 Interest at Central Trust Co., New York.
Gen. M. $750,000, gold.
1897
5g.J.-D.
496,000 June 1, 1947
traffic
ieowert line securities
Gross.
C—
ORQANIZATION.— Chartered Dec. 30. 1899, as a consolidation of the
Albany Ry. [chartered in 1863], the Watervliet Turnpike and RR.
[chartered in l-'2^] and the Troy City Ry. [chartered .Ian. 31, 1866].
See V. 69, p. 1147. 1300; V. 70. p. 77. Hascontract with Hudson River
Power Transmission Co. of Meohanicville for supply ol power. V.
Has
Strike affected results.
Latest Earnings—United Traction— Six months
—
Wat. T. & RR.—
l8t M. int. guar
Organization.- Originally chartered in Pennsylvania Feb. 3, 1893.
All the lines in and around Allentown were on Oct. 31. 1899, merged
in the company. Also owns a majority of the stock of the Allentown
Electric Light
Power Co., which compiny leases the Bethlehem
Electric Light Co. and the South Bethlehem Electric Light Co.; the
Citizens' Light
Power Co. of Slat'ngton and the Pen Argyle Electric
Light Co. Own.s Ritrersville Hotel Company and Park.
&
&
A,ea»e».— The Bethlehem & Nazareth St. Ry. and the Coplay Egypt &
Ironton St Ky. are leased.
On Dec. 1, 1900, leased the Ea.'iton Consolidated Electric Co. V. 71,
067. In January, 1901. leased for 999 years the Slate Belt Electp.
ric Street Ry., ruuniug from Bangor, Pa., to Nazareth, Pa., and the
Allentown A Slatington Street Ry. of 22 miles, extending from Allen1
town
to SlatiugtOD. Pa.
all the stock and guarantees the bonds of the Philadelphia &
Lehigh VaUey Traction Co., operating aline from Allentown to Philadelphia. See Chronicle, V. 72, p. 581.
tn Sept.. 1901, acquired
majority of the capital stock of the Quakertown Traction Co.
Owns
&
Maturity.
Date.
interest. Outstand'g.
Bonds—
Stock
See text.
Stock, $2,500,000, par $50
Q.— J.
$2,500,000
8to.'k,pf., $500,' 00 ($50) 7 )
^qo
lioi
.qq qqq -sr
r<oy.i
u-.i**^
DOO.uuu
p.c cum., redeem, at par. ^
3.000,000 Deo. 1, 1929
Leh Val.lr M.,.$3,000,U00)1899 4 g. J & D
c* $1,000, gold
Sint. atGuar. Trust Co.. New York, trustee.
150 000 5 p. c. guar.
Beth. -* Naz. St. Ry. stock
Honds
6
^&%0O0fas^d^)$5fi -
150,000
J*D
$240,000 50/oguar.
501.000 Dec. 1, 1930
1st M. guar. g. $500,000 ) 1900 4 g. J & D
($2.=iO,
$1,000) Interest at Allentown Nat. Bank.
$500.
May at any time be (Lehigh Valley Trust & Safe Deposit Co.,
called at 110
Allentown, Trustee.
c'J
;
1889 6 M. - N.
350,000 May 1, 1919
2nd M., p. A 1. guar.
1890 6M. -N.
150.000 May 1, 1919
The Albany Ry general mortgage of 1897 was for $750,000, of which
$496,000 has been issued and $25i.000 reserved.
Securities of Old Troy City Railway.
.
Date.
Troy &Lansb. mort... 1888
Troy City Istcon.M.,) 1892
Interest.
A-O
A-O
Outsland'g
ilaturitu-
Apr. 1,1903
5 g.
Oct. 1,1942
g.,$2,000,000..c*Ar S Interest paid by Trustee, Central Trust Co., N. Y
In addition to the foregoing there are $188,300 of Troy City debentures due in 1904.
The Troy City leased roads include Troy & Cohoes, stock $50,000
dividends under lease 7 per cent
Lansingburg & Cohoes, stock
.$15,000, dividends under lease, 7 p. c; Troy & Lansingburg, stock
5
;
$34,000
1,966,000
''$36o''oto?Sd5. $50^-1
•-
J-^^
*^^°'°^ 314%
guar.
l8t M. guar. g. $360,000, 5 .... 5g.J&D
can be cal'd at' 10 at 105 < Trustee, Lehigh Val. Tr. & Safe Dep. Co.
Stork and bonds— In April, 1902, converted $500,000 of the $3,000,000 common stock into 7 per cent cum. pref., proceeds helng employed
In extt'nslve Improvements to power plant. Any or all bonds of Leh.
Val. Trac. issue may be redeemed at 105 on six weeks' notice. They
were listed July. 1901, on Philadelphia Stock Exchange.
Dividends— First dlv. on common stock of 1 per cent was paid July,
1900, audi p c. quarterly after that up to and Including April, 1902.
but none since. Pref. stock was a new issue in 1902 and 1% p. c. paid
quarterly.
360,000
June 1, 1930
STREET RAILWAYS.
6
Road— Controls all eleotrio lines in Lehigh Valley from Slatington to
Easton, Pa. Operates 197 miles of track (of which 147"10 miles of
leased lines, including the Easton Consol. Electric). Gauge, 4 feet S^a
inches; 60, 70 and 90 lb. T and girder rails. Operates 157 cars.
Annual Report.— For year ending Deo. 31, 1902, Including lighting
plants, gross, $866,285; net, *34:2,i91; interest, rentals, taxes and
dividends, f344,052; deficit, $1,588.
Officers— President, Robt. E. Wright, Allentown, Pa.; Vice-Pres't,
L. E. Johnson; Secretary and Treasurer, C. M. Bates.; AUentown, Pa.
V.72.P. 137.581, 1136,1188: V. 73. p. 82, 138, 391, 616, 1010, 1112,
—
1160, 1313; V. 74, p. 728; V. 75, p. 290.
(1)
On
EASTON CONSOLIDATED ELECTRIC—
was leased to Lehigh Valley Traction for 999 years,
at 10 percent on aaiount patrf in on stock, equal to 3 p. c. on par
value. V. 71, p. 1067. To provide for completion of construction
work und"r way at time of lease, the Easton Co. retained part of the
Sept., 1901, dividend, which was accordingly made 3 p. c. on the $15
paid in on the shares.
Organization.— Consolidation in 1899 of the Easton Transit Co., the
Edison Illuminating Co. of Easton and the Easton Palmeri Bethlehem.
Incorporated in Ne\v*Jersey March 11, 1899.
Stock
Bonds— Both the stock and the collateral trust 58 were in
Jan., 1900, listed on the Philadelphia Stock Exchange.
Date.
Interest. Outstanding.
Maturity.
Stock, $1,500,000; par, $50
& S 30% paid in. See text.
CoUateraltrust, g., c.*l,-sl899 5g.
872,000
May 1, 1949
300,000 ($1,000, $500) ? Tut. at Girard Trust Co. (PhU.), trustee.
A - O _ _ 300,q0_q
1922
Kaston Transit- St mort,/ 1892 5
Subject to call at 103 in 1897 and redeem.
6300,000, gold, $200 &i
after Oct. 1, 1902,
Interest at Easton
-rrl
6500
.c&r
Trust Co.. Trustee.
i
Apr. 1, 1941
$60,000
U881 6
Pfl. Motor CO.
Co I8t
1st
ra.
^ Lack. Tr. & S. Dep. Co. (Scranton), trustee.
Easton
& Bethlehem s 1894 6
60,0t.0
Aug. 1, 1924
Transit Co. Bonds
E.P.WilburTr.Co.,tru8tee; red.aft.Aug 1,'04
Easton Palmer ABethJe- 5 1898 5
200,000 Dec. 31, 1918
hem El. Istg.. $200,000 \ Int. at U. S. Mtg. & Tr. Co., N.y., trustee.
Under the lease to Leh. Valley Trac. int. on col. trust issue Is guaranteed by indorsement. V. 73, p. 1 316. The bonds have no sink, fund, and
are not subject to call. Of the total issue of $1,300,000, $420,000 is reserved to take up the $300,000 Easton Transit bonds, $60,000 Penn.
Motor bonds and $60,000 East. & Beth. Trans, bonds. Issue is secured
by a pledge of $298,350 (out of $300,000) stock of the East. Trans. Co.,
12,206 shares (out of 12,322 shares) of Edison Illuminating stock.
1,902 shares (out of 2,400 shares) of Pennsylvania Motor stock, 4,000
$50 shares (half common and half preferred, being the entire issue of
each) of the Easton Palmer & Bethlehem Street Ry., and 2,400 share*
(out of 2,500 shares) of Easton & Bethlehem Transit stock.
Road— Embraces the entire etreet-raUway system of Easton, South
Easton and Philipsburg, with a line from Easton to Bethlehem and
South Bethlehem; total track 4367 miles.
Officers—President, W. Hinckle Smith; See., E. B. Maltby; Treas..
A. D. Chidsey.- V. 68, p. 524, 670, 976; V. 70. p. 76, 175, 12*9; V. 71,
p. 437. 1066; V. 73, p. 1316.
Dec. 1, 1900,
&
.
M
M&N
.
A-O
M
ij
J&J
Bonds-Ol the $750,000 of new consols. $450,000 are reserved to
The new bonds are subiect to call at par alter
July 1. 1917; no sinking fund. The $260,000 flrct mortgage bonds
retire prior liens.
are subject to call at any time after July
Earnings— For fiscal year ending June
road.
in New Jersey on Nov. 11. 1901, and
a consolidation of the Trenton Lawrenceville & Princeton RR., the
Trenton Lawrenceville
Princeton Extension RR.. the Princeton 8t
By., the Yardley Morrisvllle * Trenton Street Ry., the Newtown &
Yardley Street Ry. and the Trenton City Bridge Co
Stock
Date,
interest.
Onlstanding. Maturity.
Bonds—
Stock, *3,000,000 ($100).
$1.000,00u
Ist Mtge., $3,000,000, ) 1902
4g. M-N
600.000 Nov.1,1932
gold ($1,000)
c* S Iiit. atTreutonTr. &SafeDep. Co., Trustee.
.Bonds.-Bonds are subject to call on 60 days' notice at 110.
Road.—Will comprise 25i« miles of track, 20^2 miles of which is
completed. Gauge, 4 ft. 8I2 in. and 5 ft. 2is in.; 70 and fO-lb. T-rail;
&
&
.
ne^
and taxes. $8,088.
Road— Operates 35 miles main line, Q.'h miles
sidltigs— total, 37% m.
Officers— r'resident, O. H. Gerber, Allentown; Secretary. A-a B.
Mauch Chunk; Treasurer. H. E. Ahrens, Reading; Manager,
Ruth, AUentown.-V. 75, p. 1398; V. 76, p. 157.
Beers,
I. S.
ALTON, ILL.
ALTON RAIL\VAY, OAS & ELECTRICOrQanization— Organized in 1899 to operate street railways inMad(111.) and to furnish gas, electricity, steam
and water for light, fuel, power and district heating, and to operate
park!^ and pleasure resorts. On Aug. 7, 1899 was consolidated with
the Alton Railway & Illuminating Co. See V. 68, p. 1178 and V. 69, p.
v82. Also bought from the bondholders of the old Alton Gas
ElecIson and St Clair counties
<fc
Light Co. the property of that concern sold at foreclosure July 1,
1899.
In Nov., 1900, purchased for $5,000 "as salvage " the property
of the Alton Electric <fe Service Co., which had attempted competition
and faUed after spending $15,C00. V. 71, p. i218.
Bate, interest. Oxitstanding.
Maluriiy.
Bonds
Stock
Stk.,par$100. $500,000
$500,000
Alton Improv. Asso. )
1889
5 M-S
12,000
Sept., 1904-'09
1st M., cur.$25,000 s Interest at Alton Savings Bank.
Alton Ry. & 111. 1st M., ) 1895 5 g. A-O
Oct. 1, 1915
238,000
$250,000. g., $1,000.0* 5 Int. at Manhattan Trust, New York, trustee.
Alton Ry. Gas & Eleo. ) 1899 5 g. A-O
250,000
Oct. 1, 1939
Co. mort., $500,000, > Int. at North Amer. Trust Co., N. Y., trustee.
0* )
No 8. f.; bonds can not be called.
($1,000), gold
Of the $500,000 new mortgage, $250,000 is reserved for prior Hens.
Road and Property— Owns 12 miles of single track equipped with
overhead trolley, and laid with 56, 60 and 70-lb. J and girder rails,
serving Alton, Uxiper Alton and North Alton.
Oars— 18 electric- mote?
oars. Owns " Rock Spring Park" of 22 acres, with lagoon, paviliOB
and green houses and " Athletic Park " of 5 acres, with track and ball
grounds; operates 135 open arc and 75 enclosed arc lights, 12,000
incandescent lights and 175 H. P. motors. Gas plant capacity 75,000
cubic feet per day. Heating plant capacity, 75,000 feet of radiation.
Annual Report— The 1902 figures are for year ending June 30;
the oth rs Sept. 30.
1899.
1902.
1901.
1900.
Earnings—
$
$
$
$
Railway
77,528 17 72,664 07 61,913 11 52,31164
Electric Light* Power.. .39,534 87 34,652 18 29,608 89 28,230 86
27153
24,957 78 21.578 46 15,052 93
Other earnings
tric
—
&
Total
Operating expenses
142.020^2 128,894 71 106,574 93 80,81403
80,732 38 66,528 62 56,071 76 39,187 04
61,288 44
1,545 68
62,366 09
6,907 24
50,503 17
700 24
41,626 9»
l,o95 27
Balance
Taxes
59,743 76
4,54145
55,458 85
2,760 95
49,802 93
2,594 75
39,93178
2,338 63
55,201 31
25,20131
52,697 90
19,388 90
47,208 18
20,375 41
37,593
Interest
30,000 00
33,309 00
26,832 77
23,20172
Neteamlngs
Orqanizat'on.- Incorporattd
Is
1910, at par.
1 902, gross. $56,850;
30,
after deducting interest
Legal expenses, &c
^NEW
JERSEY
& PENNSYLVANIA TRACA troUey
TION CO.—
1,
Net, surplus
Officers— President and Treasurer,
0&
14,39137
Vice-President,
V. 75, p. £48.
J. F. Porter;
O. 8. Stowtll: Secretary, H. S. Baker, all of Alton.
(1) ALTON & EAST ALTON RY. & POWER.
This company was organized by the Alton Ry. Gas & Electric Co. In
1902, with a capital of $100,000. to build an extension to East Alton.
One mile in operation in January, ltJ03. In Sept., 1902, stock was^
increased to $2o0,000.— V. 75, p. 548.
90-lb. girder.
Officers.- President. C. M. Batep; Sec, and Treas.,
Manager, J. A. Barry.— V. 75, p. 185.
C.
(1) PHILADELPHIA & LEHIGH VALLEY TRACTION.
Organization.— Incoiporated Feb 14, 1901. to build an electric line
from Allentown to Philadelphia.—V. 72, p. 581. Stock aU owned by
Lehigh Valley Traction Co.
&
Date, interest. Outstanding.
Stock
Maturity,
Bonds—
Stock, $2,500,(00 (.'=0)..
$2,500,000
Ist mort., $2,500,000 ) 1901 4g.M.-8.
2,400,000 Mar. 1, 1931
($1,000), g., guar.*c. ^
Int. at Guaranty Tr. Co., New York, trustee.
Bonds— BomiB can be called at 105 at any time upon 6 weeks' notice,
and are guaranteed by the Lehigh Valley Trac. Co. No sinking fund
Road.— Allentown to Philadelphia, 50 miies, all completed, with the
exception of 300 or 400 feet at a steam railroad c ossing, which is de
layed until the kind of crossing is decided upon. RaLl890-lb. T- Operates 25 double and 10 single truck cars.
OFFiCERS.-President, F. J. Crilly
Sec. and Treas.,
Bates,
Allentown, Pa.— V.72, p. 581. 1136; V. 73, p. 616,6ti3, 785,1011,1113.
;
(i?)
QUAKERTOWN TRACTION
CM.
CO.
Organization— In Aug., IPOl, acquired by the Philadelphia &
Le-
high Valley Traction Co. through purchase of the majoiity of its
capital stock of $150,000. In Sept., 1901, stock was increased to
$300,000. Chartered Nov. 27, 1896, ior 99 years, and municipal
franchise granted Nov. 20, 1896, in perpetuity.
Stock
Date, interest. Outstanding. Maturity.
Bonds—
Stock, $300,000 (*50)
$300.000
Ist mortgage, .^300,000, gold > 1901
5 g. M-S. 300,000 Sept. 1, 1931
($100 $200. $500,$l,0i 0).c' \ Gu.p.&l.byL.V Trac. and Phil.&L.V.Tr.
&
Interest at Commonwealth Tr. Co., Hairisbiirg, trustee.
called alter 1 year at 105 and iuterett.
Road— Operates 12»3 miles of trf ck and forms part of the Phlla. & L
V. System to Philadelphia; 1 07 lb girder and 90 lb Trail.
Officers.- President. F. J. Crlllv; Secretary and Treasurer, C. M.
Bates, Allentown.— V. 73, p. 391, 616,785, 1011.
Can be
ALLENTOWN & KUTZTOWN TRACTION
CO.- A trolley load.
Organization -Incorporated April 25, 1898, and leased the Allentown <fe Heading Electric Street Ky. lor 290 years from June 4, 1898.
Cn Feb 6, 1902, leased for 290 years the Kutztown & Fleetwood St.
Ry., which was incorporated on June 1. 1899, and extended the line
from Kutztown to Temple. Connects with United Traction Co. tracks
from Heading, thus forming a through line from Allentown to Reading
Outstanding. Maturity.
Date. Interest.
Stock & BO'JDS—
Ftock, $750,000, $.50
$250.00J
let mort., $250,000. gold, ) 1900
5 g. J-J
194,000 Jlv 1, 1930
$100. *50() and $1,000 Slut, at Fidelity Trust Co., Phila., Trustee.
1st M iKntz. & Fleetwood,) ,ofxf,
4.0^0
nnci
$200,000
$200,000, guar p &1...S
l8t consol. M., $750,000, ? 1902
5 g. .T-J
July 1,1932
(?)
R.
($:00
&
$1,000). .c&r
i
Int. atlnteg. Title Ins
ALTOONA, PA.
M. Walter;
&Tr.Co.. Phlla., trus.
VALLEY ELECTRIC
& LOOAN
ALTOONA Acquired
by American Railways Co., which see
RAILAVAY
ander Philadelphia.
AMHERST, MASS.
AMHERSTChartered
& SUNDERLAND STREET RY.1896. Owns and operates 1487 miles
in
Organization.—
The extension to South Hadley, 4 miles, connecting
with the Holyoke Street Ry., was put In operation on July 12, 1902.
An extension to Pelham, 1^2 miles, is proposed. RR. Commission has
been petitioned for leave to increase stock to $120,000 and bonds
of single track.
to $100,000.
&
Mafunfy,
$93,000 Oct., "02,2%
51,500 Jan. 1, 1922
1902
5 g. J-J
^ct
»/.i<i ,e=;on^
mort., gold
1st ^r.r.t
($5(^0).... 5
j^^^ ^^ First Nat. Bank. Amherst.
^
Bon</«.— Bonds are subject to call upon 10 days' notice at 105.
1 )ividend8 of 2 p. c. were paid October 15, 1900, April 20, 1901, Oct. 21,
1901, April 20, 19"2, and Our. 22. 1S>02. Gross earnings from operation for year ending Sept. 30, 1902, $21,418; net, $6,762; interest,
taxes, etc., $2,988; balance, surplus. $3,774. President, W. D. Cowls;
VlcePrea. and Treas., M. A. Dickinson; Clerk, Chas. H. Edwards; Supt.
and Gen'l Manager, L. N. Wheelock.-V. 73, p. 615; V.74, p. 93.
Stock
Bonds—
Date.
interest.
Outstand'g.
Stock,$93000
^
AMSTERDAM,
AMSTERDAM STREET
N. Y.
RR.-Thls
road, together
lectrlc Ky., were consolidated in December,
with the Ciiyadurta
1902, with the Fonda Johnstown & Glovesvllle RR. Bee statement 01
the latter In Investors' Supplemeht.
ANDERSON,
IND.
Population of district served 150,000 to 175,000, exclusive of
Indianapolis (169,161).
UNION TRACTION
trolley road.
CO.
OF INDIANA. -A
This company has leased (and will operate, when completed) all of
the lines of the Imllanapolis Northern Traction Co., which see ))elow.
Some of the parties interested in the Indlauapolls Street Railroad
are also Interested In the Union Traction Co., but the companies themselves are distinct.
Organization.—The Union Traction Company of Anderson was
chartered Sept. 3, 1897, and'commenced operations Jan. 1, 1898. In
July. 1898. it absorbed Anderson Elec. Street Ry. and in Jan., 189!t, the
Elwood Electric Street Ry., and in June, 1899, the Marlon City Ry.
On June 21. 1899, was consolidated with the Munole Anderson & Indianapolis Street Railway [organized In June, 1899, to own the franchises in Muncle and build a Hue from Muncle to Indianapolis] under
the title of the Union Traction Co. of Indiana (V. 69, p. 8^), thus com-
STREET RAILWAYS.
The Oltizons' Street
Railway of Muncie. Ind., was also absorbed in June, 1899. In
1901 absorbed the Marion Transit Co., a small competing line In the
binlng the electric lines of the Indiana gas belt.
city of Marion.
Stock
&
Bonds—
Date.
$1,000,000 ($100). May be
retired after Dec. 15, 1910,
onSOdays' notice
Anderson Elec. St. I St M.,
($1,000 each) assumed
Oulst'd'g
Interest.
8t'k,$4,000,000, common, $100
Stock pref., 5 per ct., cum , 1
Maturity.
$4,000,000
1,000,000 2i4Oct.,'02
1
f
g.
J
)
c
S
1892
Int. at
J-J
L. &
6g.
Farm.
150,000 July 1,'12
T. Co., Tru8.,N.Y.C.
^^* mortg.^,-)
^*iJ,\®n
ni.^"^*^*®*
»Z50,ooo..................
c
173.500 Deo. 1. '27
1897 6g. J-D
I
Interest at Guar. Trust & Safe Deposit
Bubject to call at 105,
trustee.
^o., PhUadelphia,
*
'
denora $500 and $1,000... J
1895 fig.M-N
400,000 Mayl,1915
w,
r^^
1 n»T
a>Annnr,n
f
Mar on City IstM.. $400,000, S Interest at Nat. Broadway Bank. N. Y.
goia (*i,yuu)
° Mortgage trustee, Francis A. Palmer.
S.
f.
'
&
interest. Outstanding. Maturity.
Uate.
Bonds—
Stock
Stock, ($100 $78.359 87
$78,359
189,464
Pref. ($100),$189,4^<4--5
6gJ-J
26,000 July 1, 1918
Ashe.St.Ry.lstM., $100,-5 1888
c* l Int. at Atlantic Trust, New York, Trustee.
000, gold ($500)
6gJ-J
74,000 July 1, 1903
Ashev.St.RR.M. ($1,000) 51893
gold $100,000
c* I Int. at Atlantic Trust Co., N. Y., Trustee.
Of the $100,000 Asheville St. Railroad bonds, $26,000 are reserved
to retire the Asheville St. Railway bonds.
EARN"NQS.-For calendar year 1901 gross, $66,847; net, $9,690; Interest and taxes, $7,959; balance, surplus, *1,730.
Road— Operates 692 miles of track, including sidings; owns 17 cars,
including trailers.
Officers— President, J. E. Rankin, Asheville; Secretary and Treasurer, H. M. Francis, Schnectady, N. Y.
,
ASHLAND, M^IS.
LIGHT, POWER AND STREET
A troUey
^
ll'^^!^*^^i?i
^^L
if^°;«=i™r?/^;'
cannot be I
gold
^ ($1,000).
^
j&j
4,272,000 juiy i,'i9
j^^ ^t City Trust Co. N. Y., trustee
1899
5 g.
..c<sr }
cau6u
Slock and Bonds— Ot the $5,000,000 new mortgage, $753,000 are reserved for underlying bonds. In Feb., 1902, com and pref. stock and
gen. mtge. bonds were listed on Phila. Stock Exchange.
Dividends.— Pref. stock dates from Jan. 1,1901. First div. Oct 1,
1901 (for nine mos., Jan. 1. to Sept. 30), 334 p. c; Apr. 1,1902, 212 p.c;
,
Oct. 1,1902, 2»« p. c.
Road— Besides the city lines in Marion, Anderson, Muncie and Elwood, operates an interurban road from Anderson (via Lin wood,
Alexandria, Summitville, Falrmount, Jonesboro, Gas City and Soldiers'
Home) to Marion, with a branch from Alexandria (via Orestes and
Dundee) to Elwood, also an interurban line from Muncie, via Yorks
town, Daleville. Chestertield, Anderson, Pendleton, logalls, Forteville,
McCordsville and Lawrence, tn Indianapolis; total track aggregates
103 miles of interurban and .°>0 miles of city lines. Provides package
freight service between IndianapoliM and Muncie. and also between
Anderson. Marion and Elwood. By contract until Nov., 1933, cars run
over tracks of Indianapolis St. Ry. in Indianapolis.
A large cential power station, with necessary storage batteries at
Anderson, operated on a three-phase system, with eight sub-stations
likewise equipped with storage batteries, has replaced the stations
in the various cities and towns.
Equipment.— 85 open and closed cars, 38 city trailers, 31 Interurban
motor and 7 trailers, 59 dump and other oars, 4 work motors, &c., 2
enow plows and 1 pile driver.
Report—The line from Anderson to Indianapolis was not opened
nntllJan. 1,1901. It should be noted that the reconstruction of the
power house and lines interfered not only with traffic but also with
tli« economical operation of the road.
Twelve months ending Dec. 31.
19C2
1901.
1900.
Gross earnings
$752,520
$447,616
$962,266
Operating expenses
516. 50S
422,675
247,045
Net earnings
$145,783
Interest, sinking fund, taxes, &c... 297,057
$329,845
260,166
$200.^71
177,946
*«148.106
*60,780
$22,625
$31,434 wa paid ai d v d nd (5 'i) on ,)ref. -itoc'c
Officers— President and Gen'l Mgr.. Geo. F. McCullooh. Muncie,
Ind; Vice-President, Phillip Matter, Marion, Ind.; Secretary, Jas. A.
Van Osdol, Anderson, Ind.; Treasurer, Wm. C. Sampson, Mur-cie,
Surplus
*Out of
ihis,
;
Ind. Directors, the foregoing and Randal Morgan, and J. Levetlnji;
Jones, Philadelphla.Pa. andW. KesleySchoepf. Cincinnati, O. General
offices. Anderson; transterofflces. Company's office Anderson, Indiana.
V. 71,p. 1013; V. 73, p. 617, 1063; V. 74, p 381,428,685,989; V. 75,
p. 13 , 186, 342, 499; V. 76, p. 431.
ASHLAND
RAIL^\''AY—
road.
Organization— Chartered in February, 1896, as successor to Ashlan*
Lighting & Street Ry. Owns exclusive electric light and gas rights In
city, and bonds cover lighting plant. General Electric Co. Jan. 31,
1902, owned $106,000 of the bonds.
Date.
interest. Outstand'g.
Maturity.
Stock & Bonds—
Stock, $300,000 ($100)
$150,000
1st M., $150,000, gold)
1896
5g. J.-J.
104,000
Jan. 2, 1916
($l,000),8.f.,red.l04.c 5 Interest at Old Colony Tr. Co., Boston, trustee.
Earnings- For year ending Dec. 31, 1902, gross, $70,151; net,
$17,194. Road— Operates 6 miles of trolley track.
Officers— Pres., G. W. Harrison: Sec. and Treas., Q. F. Merrill.
ASHTABULA, OHIO.
ASHTABULA RAPID TRANSITOrQANIZATION—Chartered Oct. 7, 1890.
Date.
interest.
Stock & Bonds—
Stock
Outstanding.
Maturity,
$150,000
75,000
1891
6 g. J J
July 1, 1911
5
c*&r (Int. at Central Trust Co., Trustee, N. Y. City.
Road— Operates 5 miles of track on 5 miles of street.
Officers—Prftsldent, F.B.Wagner; Vice-Pres., F.J Wettach; Treas.
E. W. Savage.
-
Ist M., $75,000, gold,
1,000
ASTORIA, OREGON.
ASTORIA ELECTRIC COM PAN Y.-A trolley road.
Organization— Incorporated in Oregon March 12, 1901. Charter
perpetual. Reorganization of the Astoria Street Ry.. sold at foreclosure on July 2, 1900. In March, 1902, acquired the West Shore
Mills Co electric light plant and also the Astoria Gas Light Company. Now does all the electric power, electric light and gas business of Astoria.
Date, interest. Outstand'g.
Maturity.
Stock
Bonds—
Stock, $300,000 ($100)
$300,000
Ist Mtge., $150,000
1902
137,000
Apr. 1, 1922
Road—Operates 5 miles of track. Operates 6 cars.
Officers— President, 8. J. Mitchell, Boston: Vice-President, S. 8.
Gordon, Astoria; Secretary and Treasurer. C. N. Huggins, Portland,
Ore Supt., C. A. Coolidge.
&
6AO
;
—
(1) INDIANAPOLIS NORTHERN TRACTION CO. -To be trolley.
OrQamizatign- Incorporated in Indiana in April, 1902, and acquiied the franchises of the Central Traction Co. and private righs of
way and franchise for interurban lit es from Indianapolis to Kokomo
by way of Noblesville, Tipton and other points: from Kokomo to
Logansport from Kokomo to Peru and from Tipton to Elwood, at
•which la'ter point connection wUlbe made with the Union Traction Co.
The Union Traction Co. leases all the lines of the Indianapolis Northern for 50 years from July 1, 1902. Firnt mortgage bonds of the
Indianapolis Northern are guaranteed principal and interest by the
Union Traction Co.; amount underwritten, $3,500,000.
&
Bonds—
Outstanding.
Maturity.
Stock, $3,500,000
$3,500,000
Ist mort., $5,000,000,) 1902 5 g. J.-J.
July 1. 1932
3,500,000
gold, guar. p. and i.
Int. at Colonial Trust Co., N. Y., trustee.
\
Officers— President, Ellis C. Carpenter, Anderson; Sec, Arthur W.
Brady, Indianapolis; Treasurer, Albert S. Richey, Anderson —V. 74,
p. bo3, 1251; V. 75, p. 134, 186, 342.
Stock
Date.
Interest.
ANNISTON, ALA.
ANNISTON ELECTRIC & GAS CO.Orqanization— Incorporated
1899 under
New
Jersey laws, to
take over the Anniston Electric Co. (operating the Noble Street line),
and the Oxford Lake Line, sold at foreclosure August, 1899; also acquired at receiver's sale the Anniston Gas and LighD Co. General Electric Co. Jan. 31, 1902. owned 96,000 of the bonds.
Data Intertst. Outsland'g.
Maturity.
Stock and Bonds—
Stock, $'250,000 ($100)
$250,000
1st mort., $300,000 ($100, \
1899 5 g. J-D
239,000 Dec. 1, 1929
0*5 Int. at Bait. Safe Dept. & Tr. Co., Trustee.
$500) gold
Bo7ids.— $61,000 bonds are reserved for extensions and improvements. Entire issue may be called after 5 years at 105 and accru ed
Interest. i8(»i/i:i«j;/Mn</ of 1 per cent of bonds outstanding becomes
operative on Dec. 1, 1905, but to be available for bond redemptiona
•only If the money cannot be advantageously employed "for the acquisition of permanent extension s an d additions."
Road— Operates 10 miles of road from Anniston to Oxford Lake, in-cludlng 5 mUes of track on city streets.
Officers.—Pres.. James O. Carr; Sec. and Treas., H. M. Francis,
Schenectady, N. Y.; Gen Manager, Howard W. oexton, Anniston.—
V. 68, p. 928; V. 69, p. 283.
in
1
ASHEVILLE,
N. C.
ASH E VILLE STREET RAILROAD-TroUeyroad.
Orqamization— The Asheville
Street Railroad was a reorganization
in 1893 1)1 »he Asheville Street R-ilwoy. It is controlled by the Asheville Electric Co., which in turn is controlled by the General Electric
Co. The Asheville Electric owns $24,000 of the $26,000 Asheville St.
Ry. bonds, the whole $74,000 of Asheville St. RR. bonds, and a large
majority of the Ai^hevilie St. RB. stock. The Asheville Electric also
owns all the capital stock ($20,000) and bnnds (.$20,000) of the Intermontane Ky. Co. (4 CAVA and 21 5 miles of track) and the whole
$24,90(» of capital stock and $35,000 bonds of the Asheville & Bilt
more St Ry. & Transportat on Co., owning 6 cars and operating 106
tr lies of track. The Asheville Electrii- Co. operates these la>-t two,
but the Asheville St. RR. maintains a separate corporate existence.
ATCHISON, KANSAS.
ATCHISON RAIL^VAY, LIGHT & POWERelectric railway, lighting and gas properSuccessor in 1895 to the Atchison Railway, Eleotrlo
Llght& Power Co. Attempt to unite with Atoh. Water Co. abandoned.
Date. Interest. Outstandtng. Maturity.
Bonds—
Stock
3toek, $300,000, par $100.
$300,000
Atch. Ry. Lt. & Pow. 1st
1895 6g..J&J
150,000 July 1, 1915
M., gold, $1,000, int. at
Exch. Nat. Bk., Atchison. Trustee, Mercantile Trust Co., New York.
OrQanization—Controls
ties of Atchison.
&
Road— Operates
miles of track.
gross, $97,328; net, $38,492. In 1901, gross,
$90,463; net, $38,092.
Officers— President, J. P. Pomeroy: Vice-Pres't, W. P. Waggoner
Treas.. C. S. Hetherington; Snpt.,C. M. Marshall.—V. 72, p. 626, 1278
8
•«
EarninqS-Iu 1902,
ATHENS, GA.
ATHENS ELECTRIC RAILTVAY-A trolley road.
Organization — Purchased road
New
at foreclosure sale in June, 1894.
to furnish arc lights
to private parties. Uses water power
charter granted June, 1895.
to city; also incandescent
for generating electricity.
lamps
Has contract
In October. 1901, purchased the property
of the Tallassee Power Co., which Nov., 1902, began operating two
power stations driven entirely by water wheels, and anoidlng 2,-
250 horse power.
&
Bonds—
Outstanding
Maturity,
$50,000
6 g. J.-J
15.000
July 1, 1916
1st moTt <R100 000 08^6
Columbus
Savings Bank, Columbus. Ga., trurt^e.
<
«
^^i!i
,*4nm
goia
(!>ouu)
o.
Interest at Columbus or Athens.
^
New Ist mortgage, ( 1901
$18o.OOO
Oct. 1. 1931
6g. A-O
$400.000(*1,000), ^ Interest atTitle Guarantee & Trust Co Atlanta,
gold
c* (
Tr istee, or Old Colony Trust Co., Boston.
Bonds.— Of the new bonds ertire issue, but no lesser part, may bo
called on and after Oct. 1, 1911, at 106 and Interest; $l5,ii00 reserved to take up old bonds; remaining $200,000 can only be Issued
for future extensions and additions, to an amount not exceeding twothirds of the actual cost.
Plant— Owns 7 miles of track: 40-lb., 60-lb. and 70-lb.T raUs and
701b. girder; 10 motor cars; lighting and power plant,, 2.250 h. p.
WiU build 3 miles additional track to Mitchells Bridge next winter and
Stock
Stock... $50,000
f.
r>ate.
interest
p..
,
spring.
Earnings— In 1902 combined earnings were: Gross, $47,598: net,
$29,507; other income, *45'^; charges, $16,069; surplus, $13,890. In
1901 were $39,729 gross and $24,824 net
Officers— President, J. Y. Carithers; Vice-President, W. S. Holman,
Secretary and Treasurer, W. T. Br^ an: Gen. Manager and Purchasing
Agent, C. D. Flanigen. Supt., H. M. Hughes.-V. 73, p. 1060, 1311.
ATHOL &
ATHOL, MASS.
STREET RAILWAY
ORANGE
7-32 miles
track from Athol to
Organization— Owns
OrauL'e, Mass.
Completed Oct.
of eleccrlo
1,
1894.
STEEET RAILWAYS.
8
stock (par $100) ($74,500
Earnings years end. Sept. 30:
f.p.)
outstandius;
$7t.500
iBt M. ($1,000), gold, '94.. 60,000
5s., J&J, (uo option) Jan. 1, 1915
Int. at Old Col. Tr. Co., Boston.
1901.
1902.
$35,988
13,537
13,205
4,942
Int., taxes, etc..
5,045
5.960
5,380
Dividends
c; in 1896, 1897, 1898, 1899, 1900, 1901
Gross
$.37,'2»S
Net
Dividends— In 1895, 5 p.
and in 1902, 8 p. c.
Officers— George D. Bates, President, Athol, Mass.; Albert N. KUis,
Treasurfir; Corporation Clerk, Wm. D. Luey; General Manager, W. D.
Smith, Athol. Mass.
to Street
Railway/, 150,000.
in
on
1902,
Orqanization—
Apr. 1, 1902, took over the Atlanta Ry & Power Co., the Atlanta Rap.
Tran. Co., the Georgia Elec. Light Co and the Atlanta Steam Co. Comprises the entire street railvcay, electric light, power and ett-am heating
Interests of Atlanta and Fulton County. By terms of the ordinance
permitting consolidation the company paid the city of Atlanta $50,000 in cash, and agrees to pay a tax on gross receiptvS of 1 percent for
first 3 years, 2 per cent for the next 20 years and 3 per cent thereaft'^r.— V. 74, p. 397. 72V. In Oct 1*^02, both preferred and common
stock was listed on Boston Stock Exchange. V. 75, p. t49.
Bate.
interest. Outstanding.
Maturity.
Stock
Bonds—
Com.,$5,000,000(*100)
$5,000,000
Pf.,o% non-cum., $1.- >
1,800,000 Jan.l5'03,li4%
800,000 (par.flOO). <
Ist con. M., *11.000,- S 1902
4,000,000
Jan. 1,1932
„ .T-J.
"
O00,g.s.f. (*l,000).c I Int.
at Old Colony Tr. Co.. Boston, Trustee.
1890
6 g. J.- J.
225,000
July 1, 1920
Atlanta St. RR. "^°''.;
first
/>iteres/ is payable In New York at 4th Nat. Bk.
o.<iiH ii nnn
goiQ.
!t.i,uuu
f
Central Trust Co., New York, Trustee.
Atl. Cons. St. Ry. IsH
cons. M., $2,500,1899
5g. J.-J.
2,275,000
Jan 1, 1939.
OOO.g, ($1,000 each) Interest payable in N. Y. at N. Y. Sec. & Tr. Co.;
Sub), to call after 5
also at Merc. Tr. & Dep. Co. of Bait.. Trustee.
.
&
J
"i
IstM. $2,000,000, 1900
5 g. J.-J.
1,3-0,000
July 1, 1930
Int. at Old Colony Trust Co., Boston, Trustee.
g. Subject to call
in 1905 at lOs
Bonds -Of the total authorized issue of $11,000,000 of Ga. Ry. &
Elec. bonds, $3,850,000 are re^erved to rftlrt* underlying liens. *2,000.000 for extensions and improvements (at not to exceed 80'^bOf the costi
and the balance ($1,150,000) for purchase of bonds of other corporations
and for "corporate purposes." Bondsare subjecttocallonanyintere-t
date after Jan. 1, 1907. at 110 and accrued interest, a shikiugfitnil
becomes operative In 1907 which will retire $10,000 of bonds in "each
ye*r from 1907 to 911, inclusive; $35,000 per annum from 1912 to
1916, inclusive, and $50,000 per annum theieafter.
i
Latest Earnings— for nine months ending Sept. 30,1902. gross'
$933,0:^6; in 1901, $788,013.
EARNINQS—The earnings of the r.omhined rtronertifs f-efnre. r.onxnti
dalion for calendar year 1901 were: Gross, $1,171 000; net,$457,313.
Road -Operates 150 miles of track, at least 60 of which Is entirely new.
Officers.— Chairman of board. H. M. AtRinson; President. Preston
S. Arkwright; Vice-Pres. and Treas.. G. w. Brine; Vice Pres. and Mgr.
of Rwys., D. A. Belden; Vice-Pres. and Mgr. Elec. Dept, J. (+. Ross.man: vice Pres. and Sec, T. K. Glenn.— V. 74, p, 377, 'i77, 629,727,
987: V. 75, p. 849.
_
ATLANTIC
CITY, N.
J.
ATLANTIC CITY & SUBURBAN TRACTION
CO. — To be a trolley roid.
Orqanization— Incorporated in New Jersey on July 17, 1902. Owns
and operates the Atlantic City
Stock
&
Bonds—
&
Pleasantville Turnpike Co.
interest.
Outstonfling.
Maturity.
Date.
\.\ji^a...p'j\j\j^\7\j\j
Stock,
$500,000 \TKf\JJ
(*50)
....
$500,000
strotge..
rotge,. *500,000 )
Ist
) ,„„„
, ooo
5 g F -A.
500,000
1932.
gold ($100, $500. V ^7jf. „.
ioi. at
a West End Trust Co., Phila., Trustee.
and$l,00U)....c&r>
Bonds— "So sink, fund, but are subject to call after 10 years at 105.
Road— Has under construction Iti^a miles of track from Atlantic
City to Pleasantville. Somers Point and Absecom (including sidings,
18 m miles track,) which is expecred to be in operation by June 15,
•1903. standard gauge. Kails, 80-lb girder in towns and Tin suburbs.
Of^ICERP— President. Edward R. Sponsler; Vice-Pres., A.
Jordan;
Secretary. Eli H. Chandler; Treasurer, (J. Taylor Lelaud; Manager, H.
M
C. Johnson;
Engmeer,
F.
D. Haln.
AUBURN,
N. Y.
AUBURN & SYRACUSE ELECTRIC
trolley road.
RR.-A
(?100t
)
Pf .6%cinn.,$600.000($100)
<
Auburn City
Interest.
1st niortgagt^. > 1895 6g.
$300,000 ($1,000)
c's Int. at
W
F-A
(hitstand'g.
Maturity
$800,000
500,000
12x,000 Aug.
1, 1925
Co.. Pliila.. tr
Oct. 1. 1942
End Tr. <fe S. D.
5 g.A-0
386,000
Int. at N.
Harris ife Co., ^ew York,
City Truht. Co.. New York, Trustee.
Bonds.-Ot the $2,000,000 authorized, $128,000 are reserved to retire a like amount of Auimrn City 6», which. It is stated, will be called
for payment on Aug. 1, 1905, at 105; $550,000 a-o lor completion of
line to Syracuse and ror new power liouse; and $950,000 for future
extensions, but only when net e<iriiing8 are doul)le interewt charges.
The new 58 are subject to call at 110 and lutere-it on or after Oct. 1.
1912.
Road— Operates about 20 miles of tr lek, including 13 miles in
Auburn and 7 miles from Auburn to Skaneatfles. An extension from
Skaneatelen to Svracuse. 17 miles, is under construction, or which 6-63
miles are completed. Has trackasre agrt-ement with Hyracu-^e Rapid
Transit, allowin.f it to enter that city. Owns Lake Side Park, about 33
acres on Lake Owasco
Earnings— Of combined properties for years ending June 30i
8yra. If-t & ref.Mtg..
$2,000,000, g. ($1,000).. u*
Aub.
<&
Gross.
1902
$101,831
89.895
1902
Net
$21,055
W
Olh. inc.
Ghnrges.
Jialance.
$5,229
2,341
*32,'883
def $6,599
27.411
28.404
sur. 1,348
Officers.— President, C. D. Beebe; Secretary, A.M.Michael; Treasurer, Albert K. Hlscock.— V. 75, p. 792, 1201, 1252.
1901
A_UGUSTA GA.
AUaUSTA-AIKEN R'Y & ELECTRIC CO.OrQanizaTION.— Incorporated on ,)an. 3. 1903, under the laws of
as a consolidation of the Augusta Railway & Electric Co.,
the North Augusta Electric & Improvement Co., the Augusta & Aiken
New Jersey
undir name of Augusta-Aiken
—
&
Date, interest. Oulslanding.
Maturity.
Stock
Bonds
Stock, par $100, $1,000,000
$1,000,000
Augusta Ry <fe Elec. mtg., < 1900 5 g. J «fe D 1,000.000 June 1, 1940
g.. $1,000,000 ($l,000).c* I Int. at Mer. Tr. & Dep. Co., Bait.. Trustee.
Bond*.— Augusta Railway & Electric bonds can be called in 10, 20
or 30 years from date at li>5 and Interest on 6 months' notice. Si'iilcuig fund is is of 1 per cent, beginning June 1, 1905, for 15 years,
I per cent for next 10 years and 2 per cent for remaining 10 years.
Road— Operates 281a miles of track; 17 miles of street.— V. 70, p
175. 1048; V. 72, p. 44; V. 75, p. 792, 1146.
NORTH" AUGUSTA ELECTRIC & IMCO.PROVEMENT
absorbed, with other Augusta roads, by Augusta- Aiken Ry
Has been
& Elec, which
see.
Stock & Bonds—
Common, $1,000,000
Maturity,
$1,000,000
500,C00
Pf., 5%
900,000 Oct. 1,1951
No. Aug. Eleo. & Impt Co.) 1901 5g.A-0.
1st mortgage, $1,000 000. [ Internal'l Tr. Co., Baltimore, Trustee.
) Int. at Augusta and Baltimore.
gold ($1,000)
jBo?i(/s.— $100,000 are reserved for future improvementf; are sub4ect to call at 105 on any interest date upon 60 cays' notice.
Road— Operates 26 miles of track from Augusta, through Clearwater, Bath. Langley, Warrenville and Granitevllle, to Aiken, 8. C.
Standard gauge, 60 lb. T rail. Opened Sept. 1, 1902.
Officers— President, Jas. T. .laokson, Augusta: Vice-Pres., R. Lancaster Williams. Richmond. Va.; Secretary, L. T. Taliaferro. Augusta;
Treasurer, A. H. Rutherford, Baltimore, Md.; Manager, Walter M.
Jackson, Augueta.-V. 75, p. 394, 794.
Date,
interest.
Outstand'g.
($100)
no., $500,000 ($100)
AUGUSTA, ME.
^VINTHROP
& GARDINER RYAUGUSTA
road.
An
electric
Organization— Consolidation in May, 1902, of the Augusta Hallowell & Gardner RR. and the Lewiston Winthrop & Augusta 6t. Ry.
& Bonds—
comnon $100.
Stcxjk
Stock,
Date.
interest.
Outstand'g.
Maturity.
$300,000
Preferred 4 per cent
(1)
July 1,1910
10,500
6 J^^fiKr$f00*00l?:; 1S90
Interest payable in Boston International Trust Co., Irustee.
23t>,500
July 1, 1951
4g. J-J
If-t mort.,
$250,000,) 1901
convert. ($1,000 and > luterest at Augusta Trust Co., Augusta, Me.,
c*3Truste6
$500)
Bonds can be converted into preferred stock at option of holder.
Road— Operates I212 miles of road in Augusta, Hallowell, Gardiner
and Fanningdale and to Togua. Also extension of 14 miles from Augusta to WlLthrop, completed in 1902.
Annual Report— For years ending June 30th earnings of the old
Hallowell & Gardiner RR. were
1902.
1901
1901.
1902.
$1,417
$387
Gross earmngs.. $60,1 10 $41,553 Taxes, etc
13,808
4,600
25,446
13,237 Bal. for dlvs
Netearnings
2,400
4,800
8,250 Dividends
[ntereston bonds 10,221
Officers— Prest.. J. Manchester Haynes, Augusta, Me.; Sec, H. M
Heath: Treas. and Pur. Agent. G. E. Macomber; Supt., L. F. Taylor.—
:
I
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I
V. 74, p. 1194.
AUSTIN, TEX.
AUSTIN ELECTRIC RY.-A troUey road.
in Texas
May
on
29,1902, as a reorOrganization— Incorporated
ganization of the Austin Rapid Transit Ry.
Outstand'g.
Interest.
Maturity.
Date.
Bonds—
Stock
$200,000
Stock, $200,000
Road— Operates 13-34 miles of track on 10-27 miles of road. Entire
road is being re built.
Officers— President. Ira H. Evans Vlce-Pree.., F. H. Watriss, New
York; Treas., E. P. Wilmot; Sec. and Supt., Frank E. ScoviU.— V. 64,
p. 422; V. 70,p. 124g; V. 74, p. 426,576, 1037,1194.
&
;
BALLSTON
petual.
Dnie.
&
Date, interest. Outstanding. Maturity.
Bonds—
$l.f 00,000
.$1,500,000 ($100)
Pf.$800,000($100).'Sp.e.cum
800.000
(?)
Mortgage, $3,000,000
1902
5
Of the new mortage for $3,000,000, $2,000,000 are for the purpose
of retiring prior liens. Bonds are convertible in five years at option
of holder.— V. 75, p. 792; V. 76, p. 100.
Stock
Common
Organization— Organized Oct. 1, 1902. as a consolidation of the
Auburn city Ry. and Auburn Interurban Eleo. RR. Franchises per-
Stock & Bonds—
Common, -(5^*00.000
North Augusta Hotel Co. and the North Augasta, Land
Xs included in general consolidation
Railway & Electric, which ste above.
RAILV^AY & ELECTRIC CO-GEORCIA Incorporated
Georgia on Jan. 28,
and
years at 107^. ...c"
Ga. Electric Lt. Co.
Co., the
AUGUSTA RAILAAAAY & ELECTRIC OC-
ATLANTA, GA.
Populati'-n Tributaru
Railway
Co.
SPA, N. Y.
BALLSTON TERMINAL RR.-A trolley road.
Organization—Chartered March 14, 1896.
Date, interest. Oritstanding. Maturity.
Stock &. Bonds—
$300,000
Stock (par $100) $1,500,000
250,000 June 1, 1926
1st mort., gold ($500 and 5 1896 5g. J-D
$1,000 each) $'_'50,000c* ( Int. at Atlantic Trust Co.. N. Y.. trustee.
135,000 .tuly 1, 1931
Gen. M., $l,-200,0C0, / 1901 5g. J-J
c* S Int. at Atlantic Trust Co., N. Y., Trustee
$500-$1000, gold
Bonds.— Ot the $1,200,000 new mortgage, $250,000 are reserved to
retire the 1st mortgage bonds of like amount due June 1, 1926; cannot be called before maturity.
Road— Is both a freight and a passenger road. Owns extensive
terminals at Ballston Spa. Has 15 miles of track, with a line from
the Spa to Middle (irove. To be exoended to Am-itordam, Johnstown
and GloversvUle, with a short extension to Saratoga.
Officers- President, Thos. F. Barrett. New York; V^lce-Prest, F.
H. Beach. Ballston; Secretary ana Treasurer, W. S. Waterbury, Ballston. -V. 72, p. 1033 V. 73, p 31. 615; V. 74. p. 93, 266; V. 76, p. 265
Ist
;
BALTIMORE, MD.
pay a Park Tax of 9 per cent of grost
earnings within old OUy lAmils, and are required to pave between
tracks and two feel on each side.
street Railtoays of Baltimore
RAILWAYS & ELECTRIC
UNITED
BA^LTIMORE-Trolleyroad.
OF
CO.
Organization- Incoriiorated at Annapolis March 4, 1899. Comprises all the passenger railways in Baltimore City and Baltimore
County and lines fextend Into Anne Arundel County and Howard
County. Through the consolidation of the two roads named and
various prior consolidations with those roads, embraces the following:
STREET RAILWAYS.
Baltimore Catonsville & EUlcotts
Mills Passenger RR.
Baltimore City Passenger Ry. Co.
Baltimore Consolidated Ry. Co.
Baltimore <fe Cui-tis Bay Ry.
Balt.Gardensville & Belair Elec. Ry.
Baltimore & Northern Elec. Ry. Co.
The company
also controls
Turnpike, the Charles Street
Central Railway Company.
Gwynn's Falls Railway
more City.
Maryland Traction,
Pimlico & Pikesville RR.
of Balti-
WalbrookGwynn-Oak&Powhatan.
by ownership of stock the York Road
Avenue Turnpike, the Harford Turn-
pike and the Baltimore <fe Jerusalem Turnpike.
Formerly owned the $2,000,000 common stock of the Vniled Electric
Light it Power Vo. of Baltimore, comprisiug the electric-lighting plants
of "Baltimore, but in .Jan., 1903, »oldthe same, together with its hold
Ings of the stock and bonds of the Mt. Washington Electric Co., for
$904,237 to a syndicate represented by the Continental Trust Co. of
Baltimore, and which is supposed to have close altiliations with those
controlling the Susquehanna Electric Power Co. V. 75, p. 1158 and
V. 76, p. 160.
The Susquehanna Electric Power Company is building a plant near
Peach Bottom, Pa., capable of developiusr 40.000 horse-power, of which
one-half has been contracted for by theUnlted Railways & Electric Co.
Date, interest. Outst'nd'g. IHv.or Matu'y
Bonds—
Stogie
Common stock, $24,000,000,
&
par,$50
$15,000,000
Preferred,cum.,$14,000,000,
par,
>
ec, -^na
'^•^•''"°
T""
$50
5
Dec.,1902,2
hess
H
p- c.
1949
Inc.M.,g..$)4,000,000.cum.,)1899 4g.J.&D. 13,930,694
tax free. Maryland Tr. Co. > Payable at option after March 1, 1949
c*($l,000)
3 Int. at Alex. Brown <fe Sons, Baltimore.
Ist con. M., g., $38,000,000 ) 1899 4g.M-S a25,23 ,000 March 1, 1949
($1,000); Continental Tr. ^ Interest at Alex. Brown & Sons, Baltimore.
Co., Baltimore, trustee. c* )
tmDEKLTING SECURITIES.
M-N 1.500,000 Nov. 1, 1929
Bait. Traction— 1st ($1,000) ] 1889 5
Interest at National Mechanics' Bank,
M., Tr. Mercantile Tr. &
Baltimore.
Deposit Co,
Do N.B.Div.lst($l,000)5s, 1892 5 g. J-D 1,750,000 June 1, 1942
g.Trus.,Mer.Tr.&Dep.Co.c S
Int. at National Mechanics' Bk., Bait.
Do Conv'tlble g. bonds (not 1896 5 g, M-Nt 566,000 May 1, 1906
M.) $800,00 red. aft. May } Trustee, Mercantile Trust <fe Deposit Co.,
Baltimore. Int. Nat. Mech Bk., Bait.
1, 1901, at par ($1,000). .c*
€i tydi Suburban Rij. bonds— 11892 5 g. J -D 3,000,000 June 1, 1922
Ist mortgage, g., ($1,000) 3 Int. at Alex. Brown & Sons, Baltimore.
Safe Deposit & Trust Co.. Bait., Trustee.
Balt.Oatonsv.dEllicott's Hills) 1896 5
500,000 July 1, 1916
J"- J
1st M., $500,000 prin. g. . ^ Trustee, Safe D. & Tr. Co., Bait. Int. at
National
Mechanics'
Bk., Bait.
)
Lake Roland Elevatedr— 1st ) 1892 5 g. M-S 1,000,000 Sept. 1, 1942
M., gold ($1,000)
c*<fer s Int'st at Alex. Brown & Sons, Baltimore,
Baltimore Trust & Guaranty Co., Trustee.
Bait. City Pass.— 1st mort., ) 1891 Sg. M-N 2.000,000 Nov. 2, 1911
c* i Interest at Nat. Mechanics' B'k, Bait.
$1,000, gold
Safe Deposit & Trust Co., of Bait., Trustee.
Baltimore Oittf Pass.—
1
;
'
.
Certs, of indebt., $500,-
)
1897 4i2g. M-N
Earnings— For year ending Dec. 31. 1901, gross was $712,829; net,
$115,851; dividends on preferred. $40,852; surplus, $74,999. President, John M. Hood. V. 76, p. 157, 211. 265.
(2)
Shore Line Electric Ry.
500,000 Nov.
2,
1911
000, g. ($500 <v $1,000) S Interest at Nat. Mechanics' B'k, Bait.
Ocn^rof J?v--l8t M..$«00,-> 1882 6
29,000 July 1,1912
000, sink, fd., currency... 5 Subj. to call at 100 in certain am'ts y'rly.
Trustee Baltimore Safe Dep. & Trust Co. Int. at Nat. Mech. Bk., Bait.
.
JJ
9
BALTIMORE & LAUREL ELECTRIC RY.
Organization. -Stock all owned by United Railways & Electric Co.
Incorporated in 1901 with an authorized capital stock of $2^0,000 to
imild a line from Baltimore to Laurel, a distance of about 18 miles.
Xo bonds. At Laurel connection will be with the Berwyn <& Laurel
Electric Co., which contemplates aline between Laurel and Berwjn.
the latter a suburb of Washington.
BANGOR, ME.
B A NO OR HAMPDEN & AVINTERPORT
RAILWAY-Trolley road.
In Sept., 1901, control of this property was acquired by the stock
holders of the Public Works Company.
Organization- Incorporated in 1897 to build a road from the south
line of Bangor through Hampden to Winterport.
Dare.
Maturity.
Interest. Ouigmnding.
BomOS—
Stock
$60,000
Stock. $iO0,Oi>0.
5 M-S 15
40,000
Sept. 15, 1917
Ist mtge.. $300,000? 1S97
lut at Old Colony Trust Co., Boston, Trustee.
($1,000)
>
Entire projected line, 54 miles: of this Bangor to Hampden, 6-13
miles, operated since 1898. A summer park has since been added.
Hampden to Winterport and Frankfort, about 10 miles, is expected
Earnings year ending .Tune 30. 1902,
to be bniltin the near future.
gross, $26,681; net, $4,041; intere.-t and taxes, $2,717; balance,
surplus, $1,324. President and Gen. Mgr., H. L. Mitchell; Treas., C.
D. Stanford.
&
PUBLIC
WORKS COMPANY.-
Orqanization— Owns and operates Bangor Street Railway, an
elec-
the Bangor Electric Light <fe Power. Penobscot
Water <s. Power and Brewer Water companies. In 1901 the stockholders of this company secured control of the Bangor Orono .t Old Town
Ry. and the Bangor Hampden <te Winterport Ry. General Electric Co.
Jan. 31, 19 >2, owned $146,300 Public Works Co. stock and $184,500
bonds. In Nov., 1 902, reports stated the Old Town Electric Light Go.
and the old Town Gaslight Co. had been purchased.
interest. Autlior'd Outstand'g.
Maturity.
Bonds—
Stock
tric road; also controls
&
8tock.$100
$600,000 $600,000
5g.A-0 600,000 600,000 Apr. 1, 1929
1st, gold, 1899 c* $300, )
$1,000
S Int. at Old Colony Tr. Co., Boston, Trustee.
Road— Owns road in Bangor to Brewer, etc., 9'8 miles of track.
Annual Report— For years ending June 30 earnings of Bangor
Street Railway have been
1901.
1902.
Vr.end.JuneSO. 1902.
1901.
Gross earnings.. $65, 887 $67,155 Deficit
$8,3S5sur.$4,866
2,715
15,824 Tot. def. June 30 9,080
Net earnings
695
Interest, etc
11,100
10,958
Officers— President. C. F. Woodard, Bangor, Me.; Treas. and GenMan., John R. Graham.— V. 61, p. 795.
:
I
|
I
1
6e8,000 May 1,1932
5g. M-N
Consol mort
$700 000 > ^^^2
*^""'"""'
Int. at National Mechanics' Bk., Bait.
}
.ni^wTnon.
(a.i,uuu)
MOiQ
A troUey road.
"W'A
> Mercantile Tr.&Dep.Co. of Balt.,Tru8tee.
Ext. and Imp. 1st mort.,) 1897 5g. M-8
600,000 Mar. 1, 1932
This property has been acquired by the stockholders of the Public
Works Company, but nothing yet done in the way of com-olldation.
$600,000, g., ($1,000).. > Trustee Is Bait. Tr. & Guar. Co., Bait.
) Int. at National Mechanics' Bk., Bait.
Organization— Began operations July, 1895. Cars run over Bangor
Bait. <£ Xorth. Elec.— 1st J>1.,) 1X97
5g.
^§1, 230,000 Nov. 1. 1947
Street Railway to State Street, thence over own line through the vil$1,250,000, gold ($1,000) V Maryland Trust, Baltimore, trustee.
lages of Veazie and Orono past the State CoUegt^ to Old Town, 1412
) Int. at National Mechanics' Bk., Bait.
miles, 2 miles In Bangor; total, 162 miles of road and 16-7 m. of track.
only
still
outstanding;
the
of
$10,000 are
remainder
^§ Of these
interest.
On/standing.
Date.
Maturity.
Bonds—
Stock
$1,111,000 h ave been canceled.having been exchanged for the United Stock $125, uOO(par $100)
See text.
See text.
$125,000
Electric
per
Railways &
Co.'s 4
cent bonds, while $129,000 are held In Ist M., $125,000, gold.... 1895
125,000 Mar. 1. 1915
6 g. M&S
treasury
of
the
latter
exchanged
to
be
at
pleasure.
the
Bills payable June 30,'02.
57,200
of the company to
t Of this issue, $31,000 are held in the treasury
Bonds
-Are
subject
to
call
after
March
at
105.
1905,
1,
exchanged
pleasure.
at
be
a This shows amounts authorized, less amounts reserved for tmderDividends—From April 20, 1896. to June 30, 1898, 1 p. c. monthly;
lying bonds, acquisitions, improvements, etc.
In 1897-98, 8 p. c; In 1898-99, 1899-1900, 1900-01 and 1901-02, none.
Earnings- Year ending June 30, 1902, gross, $57,680; net loss,
Securities— Of the $38,000,000 of 1st consolidated bonds, $25,231,000 have been issued, $12,255,000 have been set aside for the retire- $7,544; interest and taxes, $10,30c(; deUcit, $17,853.
ment of underlying securities, and $514,000 reserved for betterOfficers— President and Treasurer, Jamei H. Cutler; Genl. Mana'
ments, improvements, extensions and expenses of consolidation. In ger, John R. Graham.
March, 1899, $18,000,000 of this issue was oflered for sale by Brown
Bros, of New York, Philadelphia and Boston, Alex. Brown & Sons,
RY.-TroUey road.
and Mercantile Trust & Deposit Co. of Baltimore. In April, 1900,
Organization- Organized in 1897. Franchises perpetual carries
Alexander Brown & Sons took a further block of $3,000,000 of the
bonds, and in March, 1901, the Mercantile Trust & Deposit Co. con- freight as well as passengers.
-ulxtanding.
Date,
interest.
Maturity.
Stock
Bonds—
tracted to take $2,839,000 more, part of which was used to retire the
$250,0(0
$1,250,000 Baltimore Traction 6 per cent Ext. & Imp. bonds which StocB, $250,000 ($100)
mortgage,
1st
,$250,000)1901
5g.,J-D
250,000
Dec.
2, 1921
matured Sept. 1, 1901.
gold(.«oOO<fe$i,0O0).c* i Int. at State Street Trust Co., Boston, Trus.
The pref stock reported above as outstanding is all that remains of
the original issue of $14,000,000, the rest having been converted into
JSond.^— Sinkiiig fund commencing Dec. 1, 1903, will redeem $115,Income bonds.
OOu of the bonds before maturity. Bonds to be bought in open market
1900,
the
.50-year
con.
1st
mort. and also the Income at not more than 110 and interest.
Oa Feb. 28,
bonds were listed on the Phila. Stock Exchange; the stock, the consols
Road— Bangor to Charleston, of which Bangor to Corinth (21 mUes)
bonds
are
all
listed
income
on
the
Baltimore
and the
Exchange.
opened for bu.oiness May 1, lyOl, and to Charleston (5 miles more) In
Dividends,— Dividends of ifl of 1 per cent were paid In June 1899, April. 1902. Operates 7 motors, 4 open passenger, 2 trail, 10 flat and
and 2^ p. c. in Dec, 1899. and i p. o. each on .lune 1 and Dec. 1, 1900, 10 box cars.
June and Dec, 1901, and June and Dec, 190J, on both the income
Officers— Pres. and Gen. Mer., F. O. Beal; Treas., F. H. Small;
bonds and the pref Btock, the payment on the stock (but not on the Supt.,
J. B. Neal; Clerk and Legal Adviser. E. C. Ryder, Bangor,
bonds) being subject to a deduction of one quarter of one per cent for Me.— V. 70,
p. 740; V. 74, p. 327, 478.
BANGOR
ORONO
Y—
&
OLD TOWN RAIL-
&
PENOBSCOT CENTRAL
;
&
.
.
taxes.
Road— Miles of track,
363; cars, 1,563; gauge, 5
ft.
4i« in.
Earnings— For the years ending Dec. 31 the company earned—
1902.
Gross earnings
Operating expenses
Net earnings
Fixed charges, taxes and
Surplus for year
1901.
$4,718,295
2,193.175
$2,525,120
BARRE, VT.
BARRECO.& MONTPELIER
TRACTION
AtroUey road.
POV/ER
&
$5,041,275
2.252,133
$2,78y,n-z
divs. on pref. stock.. 2,637.115
2.t9;<.ooi
$152,027
$o2,il9
Vice-President, George C.
Officers—President, John M. Hood
Jenkins; 2d V.-P. and Gen. Manager, William A. House; Secretary and
Treasurer, H. C McJilton; Auditor. N. E. Stuhbs.— V. 70, p. 481, 793.
o43, 893. 1050; V.72. p. 340, 481, 1281; V. 73. p. 392, 786, 901.
1265; V 74, p. 42^,529, 1309; V. 75, p. 31, 667. 795, 1148, 1356; V.
76, p. 161, 2la, 267.
Date. Interest, Outstand'g. Maturity.
Stock
Bonds—
Btock, $135,000, par $25
$120,000
1st M., gold, $100,000 ($500 < 1897 5 g.M-N
100,000 Nov. 1, 1917
each), not subj. to call..c* (Int. at Am. Loan &Tr. Co., Boston, Trust.
Earnings— Fiscal year ending Oct. 1, 1902: Gross, $32,953; net,
$10,147.
Road— Barre to Montpelier, Vt., 9^3 miles, opened about June, 1898.
President, J. J. Flynn, burlington, Vt.; Sec.H. K. Bush, Barre, Vt.
(1) BALT. SPARROWS POINT & CHESAPEAKE RY.
Organization— In Jan 1903. was leased for 999 years to the Un.
CITY, MICH.
BAY CITIES CONSOLIDATED RAIL'WAYA trolley road. Combined population of territory supplied in 1901
;
,
Rys. & Electric Co. of Baltimore, which guarantees the bonds below.
Is a consolidation of the J^alt. Middle tilver i Sparrow.s Point RR.
and the Duudalk Sparrows Point & North Point Ry. Has been building a line to connect Baltimore with the Maryland Steel Works at
Sparrows Point and is to be extended along the shore of Chesapeake
Bay, where summer resorts are to be established. V. 76, p. 160, 267.
Date. Interest.
Outstanding.
Bonds—
Maturity
Stock
&
Stock, $2,000,000
Ist mort., $2,000,000,
guar. p. and Int
(?)
?
s
(1)
Maryland Trust
Co., Baltimore, Trustee.
&
BAY
(estimated) about 65,000.
No coupon on the $381,000 1st consols has been paid since that for
Sept. 1, 1895. The bondholders' committee, of which Geo. E. Shaw,
Phila., is Chairman, represents about 80 p. 0. of the outstanding issue.
Receivership.— In July, 1899, the property was placed In the hands
of M. P. Heraty of Philadelphia and J. C. Weadlock of Bay Cltv, as receivers. V. 69, p. 128. Court has authorized the Issue of $:i95,000
receivers' certificates the Bay City 1st mortgage for $119,000 wan
taken up In June, 1900, with receiver's certificates.
;
STREET RAILWAYS.
10
Stock
&
Bonds—
Stock (par $100)
MUes. Date,
interest.
Ouistand'g.
Maturity.
$950,000
881.000
.
Mar.1,1918
Cities consol. 1st 5
1893 6 g M-S
con.M.$500,000,g.o. (Trustee, Phila. Securities ( o.. Phila.
1906
$50,000
1896 6 M-S
New mort., $50,000
Trustee. Pliila. Securities Co., PUiladelpliia.
Road— Owns 30 miles of track (length ot line 17 milesi.
Officers— President. Michael P. Heraty, Phila., Pa.; Gen. Manager,
£. 8. Dimmock.— V. 68, p. 473 V. 69. p 128.
Bay
;
BEATRICE, NEB.
BEATRICE ELECTRIC COMPANY.
with authorized
Organization- Incorporated
in
November, 1895,
capital stock $100,000, to acquire the property ot the Rapid Transit &
Power Co.. 7^ miles of track, foreclosed July 26, 189^ (V. 61, p. 195),
the Beatrice Electric Light Co. and also water-power facilities.
Funded debt $60,000 of 6 per cent bonds due In 1915. Operates 7
of troUey.— V. 61, p. 195; V. 69, p. 78.
In July, 1899, Eugene J. Sullivan was appointed receiver, but in
1901 he was discharged aud ol l otflcers reinstated.
Officers— President, D. W. Merrow; Secretary, E. J. Sullivan; Treasurer, Paul W. Horbach.
BEAVER FALLS, PA.
BEAVER VALLEY TRACTION-A
trolley road.
in perpetuity June 29, 1891, and owns
entire capital stock of Beaver Valley St. Pass. Ry. Co. and of Central
Ry. Co., purchased Aug. 8, 1891, operating them as one road
under 999-year lease. Charter and franchise perpetual.
In 1900 stock was increased from $300,000 to $1,000,000, and then
purchased the stock and property of the People's Electric Street Ry.
Elect. St.
of Rochester, the College & Grand View Electric Street Ry., the
Rochester & Monaca Electric St. Ry. and the Beaver & Vanport ElecIn Jan., 1902, authority was given to increase stock from
tric Ry.
f 1,000,000 to $1,500,000. Population served about 50,000.
Date, interest. Outstanding.
Maturity.
Bonds—
Stock
$1,000,000
St^k ($1,500,000) par $50
July 1,1911
150,000
1st mortgage, $150,000, < 1891 6g.J-J
gold
( Int. at Union Trust Co. trustee, Pittsb'g, Pa.
2dmortgage,gold,($500), < 1895 6 g. A-O
100,000
Oct. 1, 1915
0*1 Int. atUuioD Trust Co., <rj«s<ee, Pittsburg.
$100,000
&
,
^^^O 5g. A&O
675,000 Oct. 1, 1950
KAwlst Con Mort a^olrl ( ^t.
at Pa. Co. for Ins. on Lives & Grant, ..
\
ITnno
oon
V«1
nnnf
P*
($i,ooo).
c
$1,000,000
(Annuities, Phila., Trustee.
50,0i0
6
...
6 F&a.
25,000
5
2d mort
\ Interest at Union Trust Co., Pittsburg.
Loans June 30. 1902, $190,000.
Bonds— Of the $1,000,000 new consols, $325,000 are reserved to
retire underlying bonds. Messrs. Graham, Kerr & Co. of Philadelphia
placed the new bonds. Bonds are redeemable at no and accrued interest.
Road— Owns and operates 26 miles of track, laid with 90-lb. and
73-lb. girder raUs.
Owns 4.5 cars, with snow scraper and snowsweeper.
Earnings- For flaoal year ending Sept. 30. 1902, gross, $177,214;
net, $80,8 15; charges, $60,000; surplus, $20,815.
Officers— President. J. M. Buchanan, Beaver, Pa.; Vice President,
Sydney L. Wright, Philadelphia; Seo'y and Treas.. Walter T. Bilyew;
M
General Manager,
S.
M&N
W. Thomson, 308 Chestnut Street, Philadelphia.
V. 70, p. 1148; V. 71, p. 913; V. 74, p. 204.
BIDDEFORD, ME.
BIDDEFORD & SACO RR.—An electric road.
—
OrQ'^nization Incorporated Feb. 19, 1887. Owns and operates fi
miles of roaa between Saco, Biddeford and Old Orchard Beach.
Date.
Int'st. Outsland'g. Maturity.
Bonds
Stock
$50,000
Stock (par $.50) ($100,000 auth.)
Ist mortgage i^SOO.OOO ($1,000)) 1900 4 g. J - D 150,000 J'nel, '40
.vo 8. f. but can be > Interest at Portland Trust Co.,
gold c*.
Portland, Me., trustee.
called in 1920
)
Net.
Interest, etc.
Surplus.
Trs.end.June 30. Gross.
1901-1902
$48,870
$16,915
$6,943
$9,972
42,-799
12,786
6,701
6,085
1900 1901
1899-1900
31,572
10,769
7,175
3,594
Officers— President, C. H. Prescott, Biddeford; Secretary and
Treasurer, E. F. Lord.— V. 70, p. 1048; V. 73, p. 494.
&
—
BINGHAMTON,
Aggregate Population Directly
N. Y.
S'.rved, 60,000.
RAIL"WAY CQ.-A
BINGHAMTON consolidation,
trolley road.
under date of Deo. 6, 1901,
of the Bingbaiuton Railroad Co. (chartered Aug. 11, 1892, as a consolidation of all the street railways In the city) and the Binghamton
Lestershire & Union RR.
Organization- This
is
a
&
Date.
Interest. Outstandi7ig.
Maturity.
Stock
Bonds—
Stock, $1,150,000, par $100
$731,860 March/OS, 2%
Binghamton Street RR. } 1890
6 A-O
?00,000 Apr. 1, 1910
1st mort. $200,000
Atlantic Trust Co., Trustee.
Binghamton RR. Co. M.,
50,000
1908-1917
$900,000, g. $1,000. .c*
($5,000 due yearly Mar. 1.)
(Bee text) Interest at At1893 5gJ-J^
1918-1922
50,000
lantic Trust Co., N. Y.,
($1 0,000 due yearly Mar. 1
Trust©©
$589,000 due Mch. I, '23
Blng. Lesit. & Un. 1st M.)1895
5gJ-D
$160,000 June 1,1925
($250,000) gold, prin- S^ Interest at Atlantic Trust, New York.
cipal and int. guar.
Binghamton Trust Co., trustee.
)
Bing.Ry.lstCoDSOl. Mort. ) 1901
5 g M-N
$218,000 Nov. 1, 1931
($2,500,000) Kold, ($1,- [ Interest at Fidelity Trust Co., Buffalo, Tru»*.
o* J tee, or Seaboard National Bank, New York.
000)
Bonds- Ot the <»ond« o^ /j"^, $100,000 mature in Instalments as indicated in the table, and the remaining $800,000 mature Mar. 1, 1923.
Of the «900,000 authorized $200,000 are reserved to retire the 68 of
1910 at maturity.
Of the new bonds of the Binghamton Ry. Co. <sl, 1.10,000 can only be
Issued against tlie retirement of correspondinsr amounts of prior lien
bonds, $15<',000 were issuable Immediately, .$200,000 can be issued
npon certain specified conditions and the remaining $1,000,000
only ui'on the written request of 51 per cent of the stock and consent
of State RR. ComiiiiHSion. The bonds are 8u4)jeot to call after Nov. 1,
1911, at 110 and Interest.
Divide7ids—On Binghamton Railway first dividend of 2% in cash Jan.
31, 1902, and 2 p. o. was again paid on March 3, 1903.
Road operates 43 miles of track, including the Binghamton Lestershire & Union Railroad, 7 miles long, opened in 1896. Connects Binghamton with Lestersliire, Hooper, Endlcott, Union and Port Dickinson.
Numerous extensions are proposed.
Annual Report— Figures for years ending September 30 of the
Binghamton Railroad were
Gross
1901-02
1900-01
1899 00
$209,993
198,156
178,945
yet.
$92,404
90,490
79.994
Int., taxes, etc,
$69,456
60.071
56,003
BIRMINQHAM, ALA.
BIRMINOHAM
RY. LIGHT & POWERConsolidation on June
the Birmingham
1901,
of
13,
Organ:zation—
Gas Co., The Consolidated Electric Light Co. and the Birmlnt;ham Ry,
Li«ht
Power Co. Comprises all the street railways, gas and electric
light plants of Birmingham and Jelferson (^ounty.
Franchises perpetual.
General Electric Co. Jan 31,1902, owned $139,900 common stock and *114,000 of bonds. In Dec, 19o2. was instilling a
steatc^heating plant. Owns and operates the Bessemer, Ala Electrlo
<fe
,
Plant.
&
Stock
Bonds—
Date,
interest.
Com. s'k,$100, *3,500,000
Outstanding.
$3,500,000
-^-J-
'T&oS^*cu^.'.^:.''i
^.500.000
Maturity.
Jaa.'03.39<,
Int^'at^'ofd-^ColonV'^rr l^' LH^i
^'^r:o\^%t'-Ufor-\
«» 1 Trustee, or at Cora. Nat. Bank, New Orleans,
nnn
„^i<i
000 /tiftAnV
($1,000) gold..
.0
OP ^^ Ladenburg, Thalmann & Co., N. Y.
B'ham Ry. &
[^
El. 1st
M.
)
1894
5g. J - J
1,250,000 July
2,
1924
$1,250,000, $1,000. S Int. at Central Trust Co.. N. Y.. Trustee.
Bonds- Of the mortgage of 1901. $1 ,250,000 is reserved to take up
the $1,250,000 Birmingham Railway & Electric issue and $439,000
for extensions and improvements to 75 p. c. of cost. Entire issue of
new bonds may be called after 5 years at 110 and accrued interest.
Ladenburg, Thalmann & Co. of New York offered a block for sale in
February, 1902;
£>i»tdend»— First dividend on the preferred stock of 3 per cent was
paid in Jan., 1902; also July, 1£02, 3 p. c. In 1903, Jan. 3 p. o.
1902.
1901.
1900.
Earnings.— For calendar years:
Gross earnings
$931.^39
*793,014
$1,076,767
g..
Organization- Incorporated
People's El. St. Ry. 1st
People's Elec. Street Ry.
Officers— President. G. T. Rogers; Vice-President, Geo. E. Green;
Secretary, J. M. Johnson; Treasurer, H. C. Hardie; General Manager
and Purchasing Agent. J P. E. Clark, Ottlce. Binghamton. N. Y.— (V.
61, p. 151; V.62, p. 360; V.63,p. 8 78; V.73, p. 1263,1312).
Bal.,itnr.
$22,948
30,419
23,991
Operating expenses
Neteamings.
Road— On
Dec.
1,
1902.
583,550
488,206
451,05^
$493,217
$443,333
$341,955
owned and operated 106 mUes
of
track
Birmingham, aud extending also to Bessemer, Pratt City
and Ensley: various extensions in progress. Standard gauge 70 to 86
lb. T and girder rails Opemtes 1)2 motorcars, 33 trail cars, 6 steam
motors, 9 steam coaches acd 19 freight cars.
Officers— President, Robert Jeniison, Birmingham; V.- 'rest., Wm.
A. Walker; V.-P & Gen. Man., George H Davis; Sec, J.P. Ross; Treas.,
C. O. Simpson.— V. 69, p. 333. .=>90: V. 70. p. 229; V 71, p 862,
in city of
1166, 1218, 1310; V. 72. p. 44. 1236; V. 73, p. 137, 235, f'15, 1356; V.
74, p. 426.
BLOOMINGTON,
ILL.
BLOOMTNGTON
& NORMAL RA road.
ILVi^AY
PopuCQ.-a
ELECTRIC
& HEATING
lation served, 30,00u
35,000.
trolley
to
Organization— Incorporated in 1902 as a conso'idation of the Bloomington Electric Light o., the Bloomington & Normal K' and the
City District Heatiutr Co. Comprises all the street railway lines in
and between Bloomington and Normal. Also does commercial lighting In Bloomington and owns a Yar^an hot water heating system.
Franchises perpetual.
Date, interest. O^itsVd'q.
Maturity.
Bonds—
Stock
$.'•00,000
Stock, $6u0,t00. $100
500,000 .Tune 1, 1927
First mortgaee $600,000) 1902 5g. J-D
c* i Int. at lU. Tr. & Sav. Bk., Chicago, Trust.
($1,000) gold
Bonus— $100,000 bonds are reserved for extensions and improvements. Bonds are subject to call at 110 and interest. Sinking fund.
$10,000 annually, bejiinning with 1908.
Latest Earnings— For three months ending Aug. 31, 1902, gross,
$39,592; net, $18,921.
EARNINQS-For year ending June 1, 1902, gross, $153,494; net, after
taxec, $63,856; interest, $25,000; balance, suiplus, $38,8o6.
Road— 21 miles of trolley track. 60 lb. rail.
Officers—President, A. £. DeMange; Vice-President, John Eddy;
Sec. and Treas., J P. Evans, all of Bloomington, 111.— V. 66, p. 1088,
1187; V. 67, p. 318; V. 74, p. 1253.
<
.
&
BOSTON, MASS.
RAILWAY.BOSTON ELEVATED
Charter, granted in 1897. provides for an extenslvo
Orqanization—
system of free transfers. The company also, in addition to regular
street railway taxes, has to pay on all lines owned, leased or operated
by It ''e of 1 per cent of gross income and a sum equal to the excess of
the dividends over 6 per cent. Its charter, however. Is understood to
" grant It exemption from reduction of fares, and also other immunities."— (See Massachusetts RR. Commission, V. 65, p. 1223.) Cars are
run with electricity by the "third rail" system. V. 67, p. 318. Six
mUes of elevated road opened in June, 1901, and in Aug., 1901, put in
operation the Atlantic Ave. Loop Division.
On June 28, 1902, Washington Street Subway bill became a law.
The city is to construct the tunnel and lease same to the Boston Elevated Ry for 25 years at a net rental equal to 4^2 p. o. on the net
Proposnion was ratified by voters
cost, estimated at $4,000,0 0.
at the Dec, 1902, election. V. 75, p. 28, 496, 1,315.
Damages from Koise..— In A.\\g.,X902, Judge Mason, In the Superior
Court at Boston, held that the company is liable for damages from
noise caused by the operation of trains V. 75, p. 496.
Lease of West jB/id.— The West End Street Ry. is leased until Jnne
10, 1922.
Stock— Capital 'stock outstanding 'amount authorized is $15, 000,000)18 $13,300,000 (shares $100), $3,300,000 having been sold at
$155 per share in 1902. First dividend, 2^4 per cent, was paid Anz.
15,1898. V. 67, p. 221. In 1899. 5J4 p. c; In 19<.0, 4»s p. c; in 1901,
5% p. c; In 1902, 6p. c; In 1903, Feb., 3 p. 0.
The company has no direct bonded debt. Notes payable Sept. 30,
1902, $500,000.
Annual Rfport—Report of Boston Elevated By. for year ending
Sept. 30, 1902, V. 76. p. 99. For 1901, V. 74, p. 91. For 1900 V. 71,
p. 1165.
1901-1902.
1900-1901.
1899-1900.
222,484,811 213,703,983 201,124,710
Passengers carried
45,999,999
43,824,879
38,171,984
Carmilesrun
$11,321,030 $10,792,994 $10,141,209
Gross earnings
3,456, 39.'>
3,313,099
3,458,458
Net earnings
95.785
76,603
Interest on deposits
$3,532,898
$3,408,884
Total net
$3,458,458
Ded^ictions—
$.575,551
$498,569
$625,767
Intereston West End debt....
513,207
504,748
509,780
Taxes, West End
287,421
232,510
244.704
Taxes, Boston Elevated
99.0.'>9
94,439
88,736
Compensation tax
211,146
148,611
198.993
Rental of subway
1,147,950
1,147,950
1,147,950
Dividends on West End stock.
9,180
9,180
9,180
Other rentals
120,000
240,000
Depreciation fund
1,127
Misc. Intereft
^.^
$636,'539
*476,045
Balance
$621,898
(6%)600,000(5il>%)575,000 (4*«%)337,500
Dividend
138,545
$61,539
Surplus for year
$21,398
u
STREET RAILWAYS
Officers— Piesident, WilUam A. Bancroft; Vice-President, Cliarles
William Hooper; Secretary, John T. Burnett;
Auditor, H. L. Wilson. Annual meeting is held the first Monday of
January—V. 70, p. 228, 685; V. 7 p. 83, 235. 437, 1 1 65; V. 72, p.
8. Sergeant; Treasurer,
1
,
835,1134, 1186, 1236; V. 73,p. 235. 390. 615.956,1207.1356; V. 74
p. 91; V. 75, p, 28, 134, 183, 238, 341, 441, 496, 611, 732, 793, 1253,
1301; V. 7«, p. 99, 265, 3S1.
rompanles Controlled by Boston Elevated Ry. Co,
(1)
WEST END STREET RAILWAY— A trolley road.
Organization-Leased to Boston Elevated RR.
until
June
10, 1922,
common and 8 per cent on preferred In addition to the
of rentals, interest and other charges. Elevated assumed
possession Jan. 1. 1898. See terms in V. 65, p. 570.
In Decemher, 1896, leased the right to use the subway at 4^8 per cent
Of the net cost of subway, stated approximately as $5,7(<6,000 in
September, 1898, when the third and last section was opened. Entire
length is 123 miles, with a trackage of about 5 mUes. SeeV. 63, p.
106^, 1117; V. 67. p. 528.
Of the $3. =159,000 bonds of 1902 given below. $3,000,000 were used
In Feb , 1903, petitioned the RR.
to retire bonds due Nov. 1, 1902
Com. for permission, to issue $500,000 additional capital stock. V.
76, p. 384.
at 7 per cent on
payment
Stock and Bonds—
Date,
interest.
Common stock
A.-O.
7
($50)
8
J.- J.
Preferred stock (par $50)
1894 4i3g.M.-S.
Oold bonds of 1894..
Gold bonds of 1896,
4 g. M.-N.
1896
$2,275,000, not mort..
€k>ld bonds of 1897,
Hoq? 4g. F.-A.
$2,700,000 notmort.cS °
4
F.-A.
•Cur. bonds, c, $1,000, / 1900
Outstand'g
$9,085,000
6,400,000
2,000,000
Mch.
1,
815,000
May
1,
Lastdiv.,
<£c.
Oct.,'02,
Jan., '03,
4%
3ifl
1914
1916
2,700,000 Feb. 1, 1917
4,239,000 Aug. 1,1915
Interest at Old Colony Trust Co., Boston.
notmortgase
>
1902 4
F.-A.
3,559,000 Aug. 1, 1932
Bonds c* ($1,000)
Interest at Old Colony Trust Co.
J.-D.
500,000 Deo. 15, 1903
Metropolitan RR. (plain).. 1883 5
1884 5
J. -J.
200,000 July 1. 1904
Middlesex RR. (plain)
J. -J.
500,000 Jan. 1, 1907
Boston Consol. St. plain. ..1887 5
1883 5
M.-N.
200,000 May 1. 1905
South Boston, plain
A.-O.
1883 5
390,000 Apr. 1. 1903
Cambridge 1 St M*
1884 5
A.-O.
150,000 Apr. 1. 1904
Charles Biv«- 1st
• Cambridge bonds are redeemable $30,000 yearly at 105.
Interest is payable in Boston by the American Loan & Trust Co,
except on Cambridge 58 payable at New England Trust Company.
Miles.
Milet.
Road—Sept. 30, 1902.
374ia
Owned
Mainline, l8ttir'k(6^ m."L") 198
2d tr'k(6 >« m."L").164i2 Lea8es,tr'kage,eto(16m."L") 35
do
47
SlcUngs, &o. (3 m. "L")
Total (16 m. "L" track)
40912
409^2 Electrically equipped
387
Total (16 m. "L")
M
J
Weight of girder
rail is
70 to 100
Cars, 3,311; horses, 279; elecsnow sleds, 551; miscellaneous
lbs.
motors, 4,57y; snow plows, 290;
vehicles, 834.
Officers— President, Joseph B. Russell; Treas., Parkman Dexter.
Index— V. 65, p. 1021, i02e, 10 c, 1223; v. 66, p. 38. 8O; v. 67. p.
«05; V 7 1. p. 437, 493, 1121, 1165; V. 73, p. 956, 1356; V.74,p.l091;
V. 76, p. 384.
itrlo
RR—
Owns 8-04 mUes of track. Leased
(3) SOMERVILLE HORSE
to West End Street Railway for $9,180 yearly, 6 p. c. on $153,000
«tock. Dividends are payable (M&N) in Boston.
BOSTON
SUBURBAN ELEC- COMPANIEStrolley system.
—A
Organization.-This company is a voluntary association formed in
1901, on the same lines as the Ma-sachusetts Electric Companies. The companies controlled are the Newton Street Railway Co
Commonwealth Ave. Street Ry. Co., Newton & Boston St. Ry. Co.,
Boston Street Ry. Co. and Lexington & Boston St. Ry. Co.
Wellseley
It Is stated that 99 per cent of the stock of these roads has been ao-
Nov,
,
<te
In Feb., 1902, secured a controlling interest in the $235,000
Btook of the Waltham Gas Light Co. V. 74, p. 377. In 1902 also pur-ohased Norumbega Park.
Stock.— Shares have no par value, but In case of liquidation the
preferred shareholders will be entitled to $100 per share, with accrued dividends the common shares participating pro rata in the
remaining assets. (See V. 73, p. 1159, 1263.)
Dale.
Hate. Chi'standi'g.
Dividends,
Common stock, $3,000,000
$3,000,00()
Pref. stock, $3,000,000, 4)
a n r
o nnn ne\n Jan.l5,'03,
t
ie .rto n/
*Q-J
3,000,000
<iuired.
;
^
p. c.
cum. ($100)
........
194
f
Road.—Controlled companies operate in the aggregate about 82
mUes of track from Needham on the south to Lowell on the north, and
«onnecting at six points with the tra?ks of the Boston Elevated Railway. Numerous extensions and new lines are proposed.
Dividends.— FiT&t of 1 per cent on pref. paid Apr. 15,1902; also Ip.c.
July 15. 1902, and 1 p. c Oct. 15, 1902. lu 1903, Jan. 15, 1 p. c.
Report -Period ended Sept. 30, 1902: Income, gross, $65,977; net,
$63,214; dividends. $58,734; surplus, $4,480.
Officers-— President, Adams D. Claflla; Vice-President, Wm. F
Hammett; Treasurer, Frederick H. Lewis, Secretary, Jerome C.
Smith.- V. 73, p. 1159, 1263; V. 74, p. 377, 426, 679.
COMMONWEALTH AVENUE ST. RY.
Organization— Commenced operations March 28, 1896.
interest.
Oms'and'g.
Maturity.
Stock & Bonds— Date.
(1)
Stock, $292,000
$292,000
Jan,'03, 1^%
Ist mort., $75,000 s 1896
5 g.
75,000
Feb. 1, 191b
Int. at International Tr. Co., Boston, Trustee.
c* I
($500), g
Dividends— In 1900, 6 p. c; inl901, 6 p. c. In 1902, 6 p. c. in 1903,
Jan., l^p. 0.
Road—Main line, 762 miles; second track, 3-6 miles; total, 1322 m.;
70-lb. T and 9o-lb. girder rails. Operating 58 motors and 38 cars.
Earnings- For year ending Sept. 30.
Tear. &ross.
Net
Int. and taxes.
Dividends.
Balance.
1902..f8l,315
$17,511
$12,712
(41^%) 13,140
def.$8,34l
1901.. 85,009
27,910
10,259
sur 155
(6%) 17,496
1900.. 79,517
25,386
9,054
8ur.4,173
(6%) 15.612
FA
(2)
LEXINGTON & BOSTON STREET RY.—
Organization— Incorporated
May, 1900.
Date.
Stock & Bonds-
In June, 1899.
Interest.
(3)
NEWTON STREET RIILWAY.-A
Organization— Chartered
Stock & Bonds—
Outstanding.
Maturity
Stock, $525,000 ($100)
$497,.550
Ist mtge., $500,000) 1900
41^ g.A-O.
350,000 Apr. 1,1920
gold ($1,000)
c* I Interest at Beacon Trust Co., Boston, Trustee
Bonda are subject to call before Julv 1, 1905, at 110, then until
July 1, 1910, at 107Jfl, and thereafter at 105 Of the $500,000 authorized, $150,000 are reserved for extensions, etc.
Road— Owns and operates 27-67 miles of track.leases 5 mUes, total,
83 miles, extending irom Arlington Heights (the terminus of Boston
Elevated system) through Lexington and Bedford to BiUerica, where
cars go through to Lowell without change, with branches to Waltham,
to Concord and to Woburn; laid with 90»s lb. girder rail and 60 to '01b.
T rail; operates 116 motors, 17 box and 31 open cars; total, 48 cars.
Earnings— For fiscal year ending Sept. 30, 1902: Gross. $145,092;
net, $44,113; charges, $23,336; dividends, $15,062; sur., $5,715.
Date, interest. Outstand'g.
Q-J
Stock ($315,000, par $100)
Maturity.
$315,000
See text.
215,000 July, 1912
lstM.,cur.,not8ubj.iocalli$'00) 1892 5 J-J
Interest payable at American Loan & Trust Co., trustee, Boston.
Dividtiids of l^a per cent are being paid each quarter.
Road Owns from Newton to Waltham, Watertown, etc., 13'30 mUes
track (measured as single); sidings, etc., 0*57; trackage, 2-49; total,
16-36 miles.
Annual Report—For years ending Sept. 30 earnings have been
1902.
1901.
1902.
1901.
—
I
Gross earnings.$134,300 $129,751
Net
39,095
40,887
Int., taxes, etc..
17,884
21,113
-V. 72, p. 581; V. 73, p. 843, 1011,
(4)
Balance for divs.. $21,211 $19,774
Dividends paid... 18,900 18.900
Surplus
2,311
874
I
I
|
1112.
NEWTON & BOSTON STREET RAILWAY-
&
Date,
interest. Outstanding.
Maturity.
Bonds—
STOCK
8tock,$250.000,pr.$100
$200,000
See text
( 1892
5 J-J
1st M. for $500,000.
200,000
July 1, 1912
Not subject to call. ( Int. pay'le at Am. L. & T. Co., trustee, Boston.
XKrirfends— In 1898, 5 p. c; in 1899, Jan., 1^4 p. c; in Apr., II4 p. 0.
July, 1899, and since passed.
Road—Owns 9% miles of trolley. Operates NewtonvtUe & Watertown St. Ry., 314 miles, under lease of 1897. Total trackage, in eluding
sidings, 20-4 miles.
. . .
Earnings— For year ending Sept. 30, 1902, gross, $70,793; deficit
under operation, $7,924; interest, taxes, etc., $19,549; balance,
deficit,
(a)
$27,473.
NEWTONVILLE & WATERTOWN STREET RAILWAY-
ORGANIZATION— Operates 5 miles of track. Stock, $50,000; outstand$100 Unfunded debt Sept. 30, 1901, $59,650. No
funded debt. Operated by Newton Boston St. Ry. under lease of 1897.
ing, $50,000; par
«fe
,
DiDtdends— In Oct., 1898, paid Ip.c. (Q-D; inl899,4i4
p. c; in 1900,
c; in 1901, Feb,. 3-60 p. c. was paid, dividends being changed to
semi-annual- Feb. and Aug.. and 360% was asrain paid in August. In
Aug., 31^ pc. In 1903, Feb., 3-60 p. c.
1902, Feb., 360 p.
3%
p.
;
(5)
WELLESLEY & BOSTON ST. RY,—Trolley.
Capital stock authorized, $115,000 (par $100); Issued, $115,000.
bOQds. Owns and operates 8-42 miles of track.
Earnings- Year ending Sept. 30, 1902, gross, $62,825; net, $13,201;
oharges.j $4,499;idividend8 (8%), $9,200; deficit, $498.
Dividends— In 1898, 7 p. c; in 1«99, 8 p. c; in 1900, 8 p. c; In 1901,
8 p c in 1902, 8 p. c. In 1903, Jan., 2 p. 0.
No
;
MASSACHUSETTS
NIES.— (-see Maps fages 12
ELECTRIC
COMPA13.) Electric light and street
and
railways.
Organization— Formed in May, 1899. Is not an Incorporated
company, but a voluntary association managed by a board of fifteen
trustees, who hold the title to its assets. Messrs. E. Rollins Morse it
Bro. and Tucker, Anthony & Co. of Boston, who promoted the combination, in June, 1899, in offering some of the stock for public subscription [$1,000 of preferred and $500 common was offered for
$1,050], stated that "the Declaration of Trust contains strict pro
visions against the creation of any indebtedness whereby any shareholder or trustee can be held to any personal liability." Comprised
originally between 30 and 40 separate properties, but through consolidation th»re are now only three operating companies, namely the
Boston <fe Northern St Ry., the Old Colony St. Ry. and the Hyde Park
Elf ctric Light Co., togetder with a few small lines recently acquired
and in course of construction. The following Is a list of the companies controlled with their share capital Sept. 30, 1902:
COMPAlflES CONTKOLLED.
S ft ft f fits
Shares.
Boston & No. St. Ry. Co. .. 61,230 Middleton & Danvers St.
Boston & Northern St. Ry.
Ry. Co (par $100)
*320
Co. (.T per cent paid in).. 4,000 Hav'hUl&Andov.St.Ry.Co.
OldColonv Street Ry. o.. 57,777
*800
(50% paid in) (par $100).
Hvde Park Eleo Light Co. 2,875 Rd.Wkfd.& L'f'dSt. Ry. Co.
Giouo. & Rockp. St. Ry. Co.
300
*600
(10% paid in) (par *100).
Lawr'ce & Read. St. Ry. Co. 12,220
Total
130,122
" Jtepresents the entire iss^te; no btnds issued.
The MiddUton <£
Danvert has been authorized hy Mass. RR. Commission to isiue $6jS,ooo
new stock. The Beadma Wakefield db Lynnfield was in Fub., igoj, given
ptrmiKsion by Mass. RR Botrd to issui »j()o,ooo addiiioaal stock. The
Huverhi I tt Andover Mrett Ry. was also granted permission to issue
ii6c,ooc additional s'ock.
t $125,000 additional stock sanctioned by Massachusetts RR. Commission
October, 1902.
Of the above 130.122 shares, practically all were at that date owned
by the Massachusetts Electric Companies The foregoing comprise
electric street railway lines in 22 cities and 66 towns in Eastern Massachusetts and Rhode Island. The companies given cover the greater
part of the street railway mileage north of Boston as far as Nashua,
N. H., and Newburyport and Gloucester, Mass., and south as far as
Fall River and New Bedford, Mass., and Newport, R. 1., connecting directly with the street railway system of Boston. Various electric
llgrhang companies doing business in the same section are also in<
m
cluded.
Stock
&
Bonds.—The share
capital Is represented
by
certificates
which give the owners a proportionate Interest In
the shares held by the trustees. Both classes of shares are reported
exempt from taxation in Massachusetts. Listed on the Boston Stock
Exchange Id April, 1901. $5,500,000 preferred stock was authorized
May 29, 1902. and sold to a syndicate manaared by Lee. BigginsonA
Co. and the Old Colony Trust Co., $1,375,000 to be taken at 93 flat
July 1, 1902, $1,375,000 on or before Oct. I. 1902. and $2,7o0,000
on or before Jan. 1, 1903. This additional stock is Included In total
below. For consolidated balance shiet of companies controlled, ste Y.
ot participation,
15. p.
1352.
Date.
Common
stock,
($14,293,100)
Pref.
Operation begun In
troUey road.
in 1887
par $100
^"
>
Rate.
Outstand'g.
Dividends.
$14,293,100
S
* J&J 20,557,400 Jan.,'03,296
557,.
i57,40of4^l!i^^^.^.^.^1
.
.
Coup.notes$3,500,000,g.,red. ) 1901 4i«g. J4J 2,700,000 Jan. 1, 1906
on a 4% basis after Jan 1,> Int. at Old Colony Trust Company,
'02,on4wks.notice,$l,000.c ) Boston, trustee.
The $2,700,000 coupon notes were issued to enable the Mass. Eleo.
Cos. to take $1,297,300 new stock of the Brockton Street Railway and
$1,016,000 new stock of the Lynn <fe Boston. These stocks are deposited as collateral for the notes; $800,000 more notes may be issued to
purchase any additional stock which may be authorized by any ot the
constituent companies.
Report.— Report for year ending Sept. 30, 1902 (see Chroniclb
Dec. 20, 1902, p. 1352), shows receipts from dividends $697,960; from
Interest on notes, etc., $97,994; total, $795,954; expenses, $17,148;
Interest, $121,500; dividends on preferred stock (4%), $625,213; surplus, $32,093.
For year ending Sept. 30, 1902, combined operations of all the companies controUed yielded, gross, $6,090,168; expenses, $3,827,372;
,
STEEET EAILWAYS.
12
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LITTLE
COMPTON
_^
MAP OF THE LINES
OF THE
rowN
,
.NEWPORT
MASSACHUSETTS ELECTRIC
COMPANIES
SOUTH SECTION
STREET RAILWAYS.
14
remainder,
net. $2,262,796; charges, including taxes. $1,391,239:
f 871.557; paid in di-yldends $676,390; surplus, $195,167.
of track,
Plant Tlie street railways controlled have 860 miles and
1,157
and own and operate 2.175 oars, of which 1,018 are closed
open cars; power stations, 23. with a capacity of 40.175 horse power
also
DlviDENDS-First div.onpref.stooli, 2p.o..was paldDeo.l, 1899,
213 p. c.
2 p. c. June 1, 1900. Dlv. period then changed to J&J and
paid Jan., 1901; July, 1901, 2 p. c; In 1902.4 p. c; in 1903, Jan.. 2 p.c.
Officers -President. Gordon Abbott; Vice-President, Charles E.
Cotting; Secretary, Everett W. Burdett; Treasurer, J. H. GoodBpeed. Gen. Manager, P. F. Sullivan General Auditor, D. Dana Bart
Abbott, Charles Francis
lett. Executive Committee: Messrs. Gordon
Adams, 2d, E. N. Foss, Percy Parker and Philip L. Saltonstall. Office,
14 Kilhy St., Boston.-V.70,p. 76.480, 996,1291; V. 71, p. 181.234,
236 863 964 1012 1064. 1072, 1073, 1120, 1270, 1311; V. 72. p.
45 137 241 2837675; 936; V. 73, p. 184. 391,553.900, 1011,1112.
1264:i3IO:m3rv.74.p: 268.427.1039,1196, 1308, 1355; V. 75,
p 29, 849, 1302, 1352; V. 76, p. 382.
—
;
Companies Controlled by Massachasetts Electric Companies.
BOSTON & NORTHERN STREET RY.— An electric road.
nRQANiZATlON—This was the Lynn & Boston RR., but on July
The Lynn & Boston
23 1901 name changed to present title.
(1)
incori>orated under laws of Mass. April 6, 1859. In 1900 abSt. Ry. (which, Jan. 18, 1900, had absorbed the
Bockport St. Ry ) and the Wakefield & Stoneham St. Ry., which latter
Salem <fc
on Dec 31 1899, had absorbed tlie Woburn & Reading, the
Lowell. In April, 1901, acquired the
Wakefield 'and the Reading
RR
was
sorbed the Gloucester
&
Beverly* Danvers. In May, 1901, absorbed the Lowell Lawrence &
Haverhill and the North Woburn. The Lowell Lawrence & Haverhill
bad in Nov., 1900, been consolidated with the Lowell & Suburban,
and the latter had previously received authority to lease the Nashua
In Oct 1902, was granted permission to issue $1,797,300 stock at
$130 per share. V. 75, p. 849.
Outstatid'g
Last Div. <£e
interest.
Date,
Bonds—
Stock
In 1902, 6%
$7,340,300
Stock (par $100)
June
215,000
1, 1906
5 J.-D.
Naumkeag St. Ry. 1st
711,000 July 1,1910
5 J. - J.
Consol. M. ($1,000)... .1890
Trustee, Manhattan Trust Co., New York.
100,000 May 1,1910
5M.-N.
Lynn Belt 1st
Trustee, American Loan & Trust Co., Boston.
100,000 Jan. 1,1911
6J. -J.
Essex Electric 1st.
Trustee, Old Colony Trust Co., Boston.
Deo. 1, 1924
3,723,000
Lynn A Boston l8tm.,)1894 5 g.J. D.
$5 218,000, $1,000.0* s Int. at Old Colony Trust Co., trustee, Boston.
April 1,1917.
405,00()
Coup, notes, $405,000 1897 6 A. -O.
Plain Bonds secured by
Lynn & Bos. mort. of 1894—
$100,000 Apr. 1, 1907
5 A.-O.
Lynn & Boston
5M.-S.
186,000 Mx5h. 1, 1912
do
do
49,000 Apr. 1,1907
5 A.-O.
Naumkeag
6M.-S.
Sept, 1,1910
24,000
^o
10,000 July 1, 1911
6 J. -J.
do
Apr. 1,1907
60,000
5 A -O _
Glou'sterSt.Ry.lstmort.l887
Interest is payable at American Loan & Trust Co., Boston.
Deo. 1, 1916
125,000
5 g J-D
^l''^HiH%i^9'=^''nnn?«7'(l896
^°^- ** ^nier. L. & T. Co., Boston, Trustee.
)
,
&
VV^
OOof old
o*
U
Wakefield &¥toneham
Mar. 1. 1915
g.M-S
150,000
395
5 °
lat M. $150,000, g.,c. <
The last issue is redeemable at 105 after March 1, 1900. Interest
at American Loan & Trust trustee, Boston.
The Mystic Valley St. Ry. has out $60,000 gold 5s, d:ie Jan. 1, 1919.
The Rockport Street Ry. has outstanding $12,500 6 per cent coupon
netes, interest payable April and October, due Oct. 15, 1916.
LOWELL LAWBEKCE & HAVERHILL.
Outstand'g.
Maturity.
Date. Interest.
Stock & Bonds—
Has been exchanged for Lynn & Boston.
Stock ($100), com
do
20,000
342,000
$400,000(5 p.c. pd.)
RaUway
&
Haverhill
Apr.
1,
1911
Interest at Inter. Tr. Co., trustee, Boston.
Ist mort. gold.
Lowell Law.
5g.A-0
1891
Merrimack Valley Street
(
5g.J-D
1893
$997,000
June
1,
1923
consol. M., $1,900,000,.^ Subj. to call for the sink. fund, at 105 &int
( Interest at Am. L.&T. Co., trustee, Boston
gold, $1,000
c
People's St. Ry..W. New- ^
Jan.1,1928
5 J-J
$64,000
bury Mass, 1st mort- ^ interest at State Street Trust Co., Boston,
assumed.
bonds,
gage
)
Low. Law. & Hav. Oonsols of 1893 are reserved for Merrimack Valley bonds when due.
Dec. 1, 1911
^ lit® M* 189l'. lold^o* \
^^^^ ^ S- ^-^ $1,000,000
Interest in Boston by the American Loan & Trust Co., trustee.
Bonds— Ot the $5,379,000 first mortgage bonds of the Lynn & Boston RR. $161,000 have been canceled, and the unissued oalance Is to be
used to take up other bonds. The Merrimack St. Ry. Ist mtge. bonds
are redeemable at option at any time after 10 years from their date.
Dividends— From 1880 to Oct., 1899, Incl., 8 yearly; In 1900, 7;
'
. .
,
In 1901,
6:
In 1902, 6.
of the Mass. Electric Companies north of
Boston, including Lowell Lawrence & Haverhill system (tog<*ther
\?irh the Nashua Street Ry. leased to same), Norch Woburn and Beverly & Danvers St Ry., embracing about 427 miles of track.
Annual Report— For fiscal year ending Sept., 1902, of all companies included in the Boston & Northern St. Ry.: Gross. $3,483,751;
net, $1,370,288; other income, $15,324; charges, $883,587; dividends,
$367,380 (6%); surp., $134,645. V. 70, p. 1049, 1149; V. 71, p. 964;
V. 73, p. 184.
POfficers—President, Patrick F. SuUlvan, Lowell; Vice-President
and General Manager, E. C. Foster, Lynn.
Road— Comprises the lines
(a)
BOSTON & CHELSEA RR.— Owns 4-1
Lynn & Boston Street Ry.
on $121,000
1(b)
Uo. at $7,260 per
stock, payable
A&O.
BOSTON & REVERE ELECTRIC
miles of track. Leased to
to 6 per cent
annum, equal
ST.
RY.—
Organization— Incorporated June 24, 1889. Leased from July 1,
1895, for 99 years to Lynn & Boston, which guaranteed interest on
the $50,000 bonds (of which $17,500 had been retired up to June, 1902,)
and dlvid'dson $50,000 stock from July 1, 1898, at 5 p. c. per annum.
interest. Outstand'g. Lastdiv.,etc.
Date,
Stock & Bonds—
5 J-J
$50,000
Stock (par $100)
Feb. 1, 1910
Ist mort. drawn at 104.. < 1890
34,500
Int.(notpr.)gu.byL.&B. \ Interest at American Loan & Trust, Boston.
Road— Single track, 3*84 miles.
5F-A
(c)
EAST MIDDLESEX STREET RY.—
Organization- Owns 16'5 miles
of track; sidings, switches, etc.,
1, 1893, to Lynn & Boston for
99 years at a rental till May 1, 1896, of $18,000 yearly in addition to
fixed charges then till May 1. 1901, $24,000 yearly
and for remain
der of lease, $30,000 yearly. Eight per cent dividends have been paid,
but on May 1, 1901, were Increased to 10 percent. The refunding
bonds were issued to take up a like amount of 5 per cent bonds which
matured on Jan. 1, 1902.
1-8;
total, 18 3 miles.
;
Leased
May
;
&
Maturity.
Date, interest. Oulstana'g.
BondsStock
$297,700
8
Stock ($100) $300,000
5 M-S
120,000 Sept. 1, 1918
Plainbonds, int. gu. (end.). 1898
1902
4 J-J
100,000 Jan. 1, 1922
Refd. oonds, int. gu. (end.).
Boston.
Interest at Nat. Hide & Leather Bank.,
The lessee in the lease agreed to stamp both issues of the bonds with
a guaranty of the prompt payment of interest.-principal is not
guaranteed.— V. 67, p. 482.
((i)
GLOUCESTER & ROCKPORT STREET RY.—Electric.
Leased to Gloucester Street Ry., which inigtO was absorbed by
Lynn & Boston (now the Boston & Northern). Stock, $30,000. Loans,
$10,000. Rental, 6 p o. on stock and interest on bonds
(e)
NASHUA STREET RAILWAY.—Trolley.
Organization— Incorporated Aug. 14, 1885. On July 1, 1900, was
leased to the Lowell * Suburban for 99 years, and lease now runs to
Boston & Northern through consolidation.
KeniaZ— Dividends are payable Jan. and July at the rate of 4 p. c. in
1901, 5 p. c. in 1902 and 6 p. c. for the remaining 98 years of lease.
Stock, Bonds Etc.-- Date, interest. Outstand'g. Div. d: maturity.
$300,000
See text.
Stock,$325,000.(par$100)
150.000
Oct. 1, 1931
Ist mortgage, $150,000 > 1901 4 g. A O
o*nnt. atOld Colony Tr. Co., Boston, Trustee.
($1,000), gold
BoHcf.?.— Entire Issue may be called on and after Oct. 1, 1906, at
105 and accrued Interest. The interest is guaranteed by the Boston
<fe Northern St. Ry.
Road—Operates 15*5 miles of track.
WTNNISIMMET (STREET) RR.—
Organization—Owns 2-0 miles of track. Leased to the Lynn 4t
Boston for 999 years from 1880, at $3,000 per annum. Capital stock
(f)
is
$50,000, par $50.
(2)
Dividends in 1894 to 1902, 6
p. o.
OLD COLONY STREET RAILWAY.—A trolley road.
Organization—This was formerly known as the Brockton Street
Railway, but on February 15, 1901, name was changed as above.
The Brockton Street Railway was a consolidation of the
Brockton Street Railway, East Side, Brockton & Hoi brook and Whitman street companies. In 1900 was consolidated with the Boston
Milton & Brockton, the Brockton Bridge water & Taunton, the Brookton &, Kast Bridgewater and the Tdunton & Brockton. Subsequently
was -vlso consolidated with the Qulncy & Boston and the New Bedford
Middleborough & Brockton.
In Nov., 1900, Mass. RR. Commissioners approved proposition to
purchase the South Shore & Boston and the West Roxbury & Roslindale. The South Shore & Boston comprised the Braintree & Weymouth Street RaUway, the Bridgewater Whitman & Rockland, the
Hlngham Street Railway(the latter being a consolidation of the Hlagham, the Hull and the Nantasket Electric), the Hanover Street Railway and the Rockland & Ablngton Street Railway. The West Roxbury & Roslindale 8 c. Ry. had previously absorbed the Norfolk Suburban, the Norfolk Central and the Needham & Boston.
In Jan., 1901, also received authority to acquire the Globe St. Ry.
(after the Globe St. Ry. had first absorbed the Dighton Somerset <fc
Swansea St. Ry., the Taunton St. Ry. and the Providence & Taunton).
On July 1, 1901. leased the Newport & Fall River Street Ry.
In Oct.. 1902. Massachusetts Railroad Commission allowed the issue
of f 948,700 new stock at $110 per share. See V. 75, p. 819.
&
Bonds-
Date. Interest. Outstand'g.
Maturity.
$6,72o.400 Inl902,5%
1885 412A-O
9,000 Apr.1,1905
Bonds
1886 413A-O
25,000 Apr.1,1906
h=l_j
1890 41a A- O
33,000 Apr.1,1910
Bonds
2«
16,000 Jan. 1,1912
Bonds, gold
f^^{ 1892 5g. J- J
5g.A-0 667,000 Oct. 1,1924
*§ <:l894
Brockt.(Consol.)St.Ry.
Subject to call at 105 and interest.
IstM. $750,000 g.... "^
( Int. at State St. Safe Deposit & Tr. Co.
(
Boston Milton & Brockton..
.. }
1899 5 J-J
100,000 July 1,1919
1st mtg. bonds. $100,000.. 5 Int. at Inter'l Tr. Co., Boston, Trustee.
Brock. Bridgewater & Taun. )
1897 5 g. F-A 200,000 Aug. 1,1917
lstM.g,$200,00O($l,O00)c* 5 Int at Am. L & T. Co.. Boston. Trustee.
1898 5 g. F-A
Brock. & E Bridgewater.... )
30,000 Feb. 1,1918
1st M. g.. $30,000
i Int. at Am. L. & T. Co., Boston, Trustee.
)
1897 5 F-A
100,000 Aug.l, 1917
Taunton & Brockton
1st mortgage $100,000. ... s Int. at State St. Tr. Co., Boston, Trustee
1900 5 g. J-J 325,000 Jan.l, 1920
N. Bedf'rdMdIeb'ro& Brock. )
IstM. $325,000 ($1,000) g. S Int. at Am. L. & Tr. Co., Bost.. Trustee.
1894
Braintree mtge
6 J- J
35,000 July 25, '14
GLOBE STREET RAILWAY SECURITIES.
Date.
Interest. Outstand'g.
Maturity.
750,000
AprU 1, 1912
5g. A-O
^
^°^«* f Redeemable at 105 and int. after Ap"ril 1,1902.
Ai^nn^^^T?^^'
c
eacn
»i,uuu
S Int. is payable by trus., Mass. Trust Co.. Boat.
Debentures, g. ($1,000). c 1892
5g. J-J
550,000
July 1, 1912
Debentures.g. ($1.000). c 1894
5g. M-S
125,000
Mar. 1, 1910
1896
5g.J-D
125.000
Dec. 1. 1915
^*lwlnVds$f 25^000" I^Int.
at Internat'l Trust Co.. Boston, trustee.
^ a f r«rt in=s nftA;
linking fund is $3,000 a year.
!une 1,1901 ($i!000) J
Interest on the Globe Street debentures Is payable in New York at N.
Y. Security & frust Co.
350,000
5 JJan. 1, 1914
Taunton St.Ry.lstM. 1894
200,000
Mar. 1, 1914
Do Debentures. 1894 5 M-S
Interest on Taunton Street Ry. bonds payable at American Loan <&
Trust Co., mortgage trustee, Boston.
5g,M-S
150.000
Sept. 1. 1918
^Rvfst^rmOOO) '^898
American
Loan
Trust Co., Boston, Trustee.
&
author"d$2od!ooO.'5
BOSTON ST. RAILWAY. SECURITIES.
SOUTH SHORE
Outstand'g.
Date. Interest.
Maturity.
Bonds, consol. mtg. ($1,000) ) 1899 5 F-A.
Aug. 1, 1919
$335,000
gold, $1,000,000
S
Interest at American Loan & Trust Co. (trustee) Boston.
80,000 Mar. 1,1917
Braintree & Weymouth Ist ? 1897 5g. M-8.
M. gold, $80,000
5 Int. at International Tr.. Boston, trustee.
M-N.
Whit.
Rock.
1897
5
85,000
Nov. 1, 1917
&
Bridgewater
g.
c*
Int. at American Loaned Trust, Boston
Ist mort., gold, $1,000.
100,000 May 1, 1915
Rockland <fe Ablngton first 1895 6 g. M-N.
mort., $100,000 gold... .c* Int. at Old Colony Tr. Co., Boston, trustee.
ROSLINDALE ST. RAILWAY BONDS.
WEST HOXBUBY
Date.
Interest. Outslandiiig. Maturity.
1896
5g. M-8 $150,000 Sept.l, 1916
1st M. $150,000, gold,s. f.
($500) red. at 103 after \ Interest at International Trust Co., Bos-
Stock
Stock (par $100). $6,72 ?,700,
Brockton St. Ry. bonds.
^
.
"1
I
.•
<fc
tl,
0*3 ton. Trustee.
Sept. 1, 1901
Norfolk Central Ist mtg. , 1
July, 1918
1898
5 g. J.-J
$60,000
gold. $100,000. Int. at
(Subject to call after July 1, 1903.)
International Trustee,
Boston, trustee
J
J.-J.
July, 1914
$69,000
Norfolk Suburban, Istj 1894
mortgage
? Int. at Internat'l. Tr. Co., Boston, trustee.
Road— Consolidated system operates 377 miles of track, oomprisinK
the Hues of the Mass. Electric Companies south of Boston.
Dividends.— K&tV) 1892 to 1896 inclusive was 6 p.c; in 1897, 6 p.c; Ik
'98, 6 p. c: in '99, 8 p. c; In 1900, 8^ P- c; in '01, 6 p. c; in '02, 5p. o.
Report— Of consolidated companies (including Newport <fe Fall
River) for year ending Sept. 30, 1902, gross, $2,284,338; net, $830,122;
other Income, $101,576; charges, $582,734; dividends, $288,885
(5%); surplus, $60,079,
I
(
STKEET ilAILWATS.
NEWPORT & FALL RIVER STREET RY.—
(a)
Dividends— One p. c.quar. since Apr.,1899,to and including Apr.,'02.
Earnings- For fiscal year ending June 30, 1902, gross, $51,218
Street Railway and Newport
Illmlnating Co.; embraces 17 miles of track in and between Newport
and FaU River; also electric lighting. Was leased on July I, 1901, for
99 years, to the Old Colony Street Ry. for a rental of 6 per cent per
annum and intere»t on bonds. The Mass. Eleo. Companies disposed
of its holdings in Feb., 1902.
Interest.
Outstanding. Maturity
Stock. Bonds, Etc.— Date.
Stock, $750,000, par $100
J.-J.
$750,000
See text.
•.;40,000 Aug. 1,1918
Newpoit
5 F-A
Fall Rivers 1898
bonds
i American Loan & Trust, Boston, trustee.
Newport St. Ry. Ist M. ) 1890
5 J-D
50,000 Dec. 1,1910
$50,000 ($500)
c. 5 Interest at the Indust. Trust Co., Provi., R.I.
New. m. Co. 2d M., g
5 g.
63,500 Oct. 1, 1925
Earnings— For year ending June 30, 1901: Gross, $213,000: net,
$83,000; snrplus over charges, $52,000.-V. 74, p. 427; V. 75, p. 30.
Has been consolidated with Newport
net, $15,765; interest, $8,757; taxes, $2,365; dividends, (3%), $6,000;
deficit,
13 miles of track between Meriden and Southiagton, with a branch to Lake Compounce. Standard gauge. 56 lb.,
rail. Operates 24 cars. Has trackage agreement with Merlden Eleetrlc RR. by which its cars enter Meriden to centre of city.
Officers—President, Walton CJark; Vice Pros., A. M. Young; Seo.
»ndTrea8.,Levns Lillie. -V 74. p. 427.
BRIGANTINE BEACH,
trolley road.
in
1898, as a reorganization of
at foreclosure. V. 66, p. 472.
Interest. Outstanding.
Maturity.
'^^^^
20.000 July 1. 1915
5g. J.-J.
Safety Vault Co..
pi I°t- at Fidelity Trust
''^LouisviUe, trustee.
000
(
N.
J.
ORGANIZATION— A reorganization per plan in V 63, p. 837, of Brlgantine Transit Co. sold in foreclosure Feb. 4, 1897. Runs steamers
from Inlet (Atlantic City) to Brigantine, connecting with it« electrlo
trolley road, extending along Brigantine Beach, 7 miles of track.
let
. New Securities— $50,000 ist mortgage 5 p. o. 20-year bonds;
preferred 5 p. o. stock, $125,000; 2d preferred 5 p. c. stock, $75,000;
common stock, $150,000, all issued. In June, 1899, the Co. issued
$24,000 20-year 2d mtg. 5s (M&N) to retire floating debt and for
doable tracking. Continental Trust Co., N. Y., Is trustee.
Earnings— For year ending Deo. 31, 1901, passenger earnings of
railway, $9,407; other Income. $1,191: total income, * 10,598; expenses,
19,202. President, C. P. Vedder, 13b Liberty St , New York; Trnae.,
R. D. A. Parrott.— V. 64, p. 373.
$20,000
I8t morteay^P <l!20
^ni^
?«?nftf'*
goiati>DW)
T
BRIOANTINE TRANSPORTATION CO.-
BOW^LING GREEN, KY.
OREEN RAILWAY.-A
BOWLINOIncorporated
July,
Stock, par 100
$1,357.
Road— Operates
&
Organization—
the Park City Ry., purchased
Stock, Bonds Etc— Date.
15
&
Bonds — A sinking fund of $500 per annum commences in July,
Bonds may be called at any time.
Road, Etc.—Owns 6 miles of track, including sidings.
Officers— President, J. H. WUkereon; Sec. and TreAB., T. L. Fitch
1908.
Manager, R. Fitch.— V. 66,
p.
BRISTOL, CONN.
472.
A
BRADFORD ELECTRIC STREET RY.-Trolley.
Stock, $130,001', par $50
Ist mortgage, $130,0U0,
gold (500)
Int. at
<)
$130,000
127,500
Amer. Loan&Tr.
Co., Bost., Trustee.
Bonds— Sinking fund of $2,500 per annum is in operation.
Road- Operates 11 miles ot track,
EARNINGS-For year ending June 30, 1902: Gross, *50,099;
net, $20,
and taxes, $7,9S5; surplus, 12,562.
Officers Fres., F. W. Davis, Bradford; Vlce-Pres., H.L.Pierce,
Leominster; Sec, Treas. and Gen. Mgr., C. B. Hudson, Bradford.
547, interest
CONNECTICUT
RY. & LIOHTING
16.)
CO.
(See
Common
Pref 5%
&
Bonds.—
Date.
Interest.
Outstand'g.
be called
STOCKS.
Brooklyn Heights RK. Co. (par)
Brooklyn Queeas Co. & Suburban RR. Co. (par)..
stock Sea Beach Ry. Co.. (owned by Nassau Electric) par value
issue of the common stock of the Nassau Electric RR. Co., par.
60,.i20 shares out o f 65,00i shares of the i% cumulative preferred stock
of Nassau Electric RR. Co., par
16,4il'a8 shares out of 50,000 shares of the bi non-cumulatire preferred stock of the Brooklyn Union Elevated RR. Co., par
Entire
Entire
Entire
Entire
capital stock
capital stock
shares out of J3i',ooo shares of the
Brooklyn Union Elevated RR. Co., par
lin,s<39'.'<6
common
Maturity.
Fir,-t
p. c. bonds Nassau Elect. KK.
bonds Brooklyn Rapid Transit
cons. 4
Gold 5
p. c.
(in
Nassau Elea
JUNE 30, 1902.
Brooklyn City RR. Co
Nassau Electric RR. Co
Prospect Pars & Conev Island BR
Brooklyn Union Elevated RK. Co
Additions and betterments not yet distributed
Gr and
total
Composing guaranty fund
ffi,417,T0«
1.783.715
203,992
380.987
.S7ta83
$».itn.te3
t45,2Io,0U(t
for performance of Brooklyn City Railroad
Com-
pany's lease.
The Brooklyn City RR. Co. is held under a 999-year lease, dated Feb.
14, 1893, guaranteeing all fixed charges, organization expenses, taxes
and 10 per cent dividend on $12,000,000 of stock. The lease is nominally to the Brooklyn Heights RR. Co. but practically to the Brooklyn
Rapid Transit Co., since that company owns the entire capital stock of
the Brooklyn Heights Company and guarantees payment of dl vidends
to lessor. In 1898 the Heights Company leased the BrookljTi Queen*
County & Suburban RR. The lease was renewed year by year, rental
being fixed charges, taxes and organization expenses. On July 1,
1901, the B. Q. C. & S. began operating separately again. On April 1,
Hartford.
Equipment— Oct l, 1902: Cars, 360; motors, 612; car barns. 16;
also 4 complete electric light plants]; also owns gas plant at Norwalk
and operates gas plant at Waterbury. For complete description of
property see statement to N. Y. Stock Exchange, V. 73, p. 852.
Report— The report for the year ending June 30, 1902, was given
In V. 75, p. 1251, and showed: Gross (all departments), $1.61.'i,384;
net, $679,082; interest charges and taxes, $533,735; extraordinary
expenses, $57,633; balance, surplus, $87,814.
„ Officers— President, A. M. Young; Ist Vice-Pres., R. A. C. Smith;
2d yice-Pres., Geo. E. Terry; Secretary and Trea*urer, Lewis Lillie.
Main office, Bridgeport. Conn.— V. 69, p. 1193; V. 70, p. 741, 1197; V
71. p. 1269; V. 72, p. 44, 136, 872, 935; V. 73, p. 82, 783, 842, 852; V.
74, p. 426; V. 75, p. 1251; V. 76, p. 330.
MERIDEN SOUTHISGTON & COMPOUNCE TRAMWAY.-A
&
Lighting Co. acquired oontroL
Outstand'g
Maturity.
$200,000
See text
1898 5 g J-J
175,000 JiUy 1, 1928
can becaUedatllOafter SOptional at 110 and interest.
Aug. 15, 1903
> Interest at Colonial Trust Co., N. Y.
Bonds can be Issued only for new extensions to the extent of 50 per
cent of cost and provided net earnings for the twelve months preceding the issue were equal to 10 per cent on all bonds issued and proposed.
.SO.OOO
EQUITIES FOB CONSTRUCTION EXPENDITURES ON LEASED LINES
Road—The railways embraced comprise 159 28 m. of track reaching
MUford, Bridgeport, Stratford, Southport, Shelton. Derby, Ansonia,
Westport, Saugatuck, Norwalk, South Norwalk, Darlen and Stamford;
also lines in Naugatuek, Waterbury, etc. System connects with the
Winchester Avenue Railroad into New Haven, and company also
has a tralfic contract with the Hartford Street Railway for reachine
Date,
82.000,000
50,000
Co.)
1,627,000
Treasury)
29.000
(3,736.000
additional properties and new construction. Improvements and betterments. Statement to N. Y. Stock Exchange in V. 73. p. 852. Listed
on the New York and also on the Philadelphia Stock Exchange.
& Bonds—
Com. sto'k ($100) $500,000
M. g., $200,000 C ($1,000) )
85,400
14«.828
$33,aio,723
5 g., J-J
707.000 July!, 1923
Bridgeport Traction mort-5
ea^fi
train ($i,ooy)
(*i oon»
n* i Trustee, Fidelity Trust Co. of Newark.
gage,goia
o
^^^^ ^^ Redmond, Kerr & Co., New York.
Derby St. Railway Mort-) 1894
6
A-O
75,700 Ap.2, 1914
gage
Redeemableafter April 2, 1904.
5
Connecticut Li'tlng& Power
5
J-J
209,000 Jan. 1, 1939
Bonrfs.- Redmond, Kerr & Co. and J. & W. Seligman & Co. offered
f 8,355,000 of the new bonds for sale in May, 1901. V. 71,p. 1269.
$991,700 of bonds are reserved to retire the prior bonds still out.
The remainder of the *15,OO0,0C0 may be issued from time to time for
Stock
4,611,159
11,093,936
BONDS.
•First mort. 5 p. c. bonds Brooklyn Queens uo. & Sud. RR. (par)
Ist con. mort. B'klyn Queens Co. .s Sub. (owned by B'klyn Heishts
• First mortgage 5 per cent bonds Brooklyn Citv KR. (par)
^.^^S
(1)
6,052,00*
stock of the
Entire capital stock of Coney Island <t Gravesend Ry. Co. outstanding, fowned by Nassau Electric) par
1,462-28 shares Brooklyn Rapid Transit Co., par
) trustee,
trolley road.
In Feb., 1902, the Connecticut Ry.
$200,000
2,000,000
660,000
8,500,000
i
.
.
N. Y.
;
stock ($100)
$11,000,000
cum. after Jan. 1,
_4,000,000
1904 ($100)
\
lBt&ref.$15,000,000,gold,) 1901 4»fl g.. J-J 8,482,000 Jan. 1, 1951
$1,000 c* Bonds cannot > Interest at Colonial Trust, New York.
.,
Maturity.
OrQANIZATION— Organized January 18. 1896, per plan in CheoniCLE, V. 60, p. 1145, to succeed to the property of the old Long Island
Traction Company, foreclosed syndicate headed by the late ex-Governor Flower having then bought control. Is not a raUroad corporation, but was organized under the Business Corporation law of New
York to hold the stocks and bonds of railroad companies and to aid in
the construction and equipment of railroads.
Assets— The following is a statement of the stocks, bonds and equities owned by the Brooklyn Rapid Transit Co. June 60, 1902 :
employes at Waterbury.
Stock
Outstand'a.
BROOKLYN RAPID TRANSIT.-
This property is controlled by the United Gas Improvement Company of Philadephia. OriginaUy chartered in Conn., July 2, 1895, as
the Gas Supply Co. Charter amended and name changed March 2,
1899, to Connecticut Ll;?Uting & Power Co., for the purpose of uniting
various street railway and light and power properties in Connecticut.
Name changed as at present on January 10, 1901. V. 71, p. 1269; V.
72, p 44. It is a consolidation of the following companies, whose franchises are said to be perpetual
Bridgeport Traction Co.
Norwalk & So. Norwalk Bl. Light Co.
Central Ry. & Elec. Co. of New Britain. Norwalk Street Railway Co.
Derby Street Railway Co.
Norwalk Tramway Co.
Greenwich Gas & Electric Light'g Co.
Shelton Street Railway Co.
Milford Street Railway Co.
Southlngton & Plantsville Tramway.
Naugatuek Electric Light Co.
Waterbury Traction Co.
Norwalk Gas j leht Co.
Westport & Saugatuck Street Ry. Co.
In Feb., 1902, control of the Merlden Southlngton & Compounce
Tramway was purchased.
Strike.— la Jan. and Feb., 1903, company suffered from a strike of
Its
interest.
..
BROOKLYN,
BRIDGEPORT, CONN.
Map, page
21, 1893.
$100,000
1902,6%
1895
5 M.-N.
135,000 Nov. 1, 1925
Earnings- For years ending June 30, including electric-light plant.
Gross.
Tear—
Net.
Int. <t taxes.
Div'ds.
Balance.
1902.
$72,277
$20,877
$6,000
$9,349
$5,528
1901
69,086
23,135
9,329
6,000
7,806
Road— Operates about 8 mUes of track lad with 56 and 60-lb. T
rail. Standard gauge, 16 carsjand 2 snow plows.
Officers— President, C. 8. Treadway; Vice-Prest., N. E. Pierce;
Treasurer, M. L. Tiffany; Secretary, A. J. Muzzy; Qen. Man.,Q. E.
Cockings, all of Bristol, Conn.
Stock, $1,000,000 ($100).
1st mortgage, $200,000..
Outstav<rg. Maturiiy.
5g. M.-S.
?
electric lights.
Organization- Organized Sept.
Date.
Stock & Bonds—
BRADFORD, PA.
Organization— Incorporated June 7, 1894.
Date.
Inteest.
Stock dk Bonds -
BRISTOL.
& PLAINNTILLE TRAMWAY CO.trolley road. Also furnishes
interest.
1899, the Heights Company temporarily leased the Brooklyn Union
Elevated RR. Co.— see terms under the latter— and also on the same
date the Nassau Electric RR. Later, permanent leases were made.
See terms under Nassau Electric.
The Brooklyn Rapid Transit Company in April, 1899, also acquired,
through one of its constituent companies, aU the franchises and properties of the former Brooklyn & Brighton Beach RR. Co., and has converted it into an electric road. The company also then leased for the
period of 999 years the Prospect Park & Coney Island RR. (see terms
under the latter), the New York & Coney Island RR. and the Prospect
Park & South Brooklyn RB. In November, 1899, acquired all the
stock of the Kings County Elevated Railroad, which has since been
consolidated with the Brooklyn Union Elevated. In Feb., 1902, purchased property of South Brooklyn RR. & Term. Co. V. 74, p. 479.
In April, 1900, the Brooklyn Heights Company began suit against
the Brooklyn Citv RR. to recover about $2,000,000 for failure to fulliU
obligations claimed to be imposed by the terms of the lease between
the two companies,
SECURITIES OUTSTANDDiO.
Stock
Bonds— Outstanding. Interest. Maturity. Ann. charge.
8tk.,$45,0OO,00O($10O)$45.000,000
5,000,000 4g J-J July 1. 2002
$200,000
^ftind^M'^lY'^^nnrvT^
Central Trust c o., New York, Trustee.
($1 000) g
)
B'klyn R.'T.,g.,mort;;,"?
7,000,000 5g A-O Oct. 1, 1945
350,000
Central Trust Co., New York, trustee.
1895, $7,000,000.. J
&
0^
'
16
STREET RAILTVAYS.
CONNECTION WITH LINE TO WATERBURY
STREET RAILWAYS.
Stock
&
Bonds
Outstanding. Intertst.
Brooklyn City RR. —
l8t consol. M., 1S91. $6,000,000
200,000
B'klyn Crosst. IstM.
200.000
Cal. Cem. & G.lstM.
200,000
New W. & Fl. 1st M.
125,000
G. <& Lorimer Ist M.
200.000
Gr. St. & New. Ist M.
250.000
B'klyn Heights BR. >
Ist
mort
B. Q. Co.
>
&
Sub. Ist
mort
I
.-S
First oonsol. mort. ^
guar. p.& i. (end.)
>•
$4,500,OUO
open
1941
1908
J-D June 1, 1907
4I2F-A July I, 194:1
6 M-N May 1. 1910
5 A-O Aus<. 1, 1906
5 A-O Apr. 1, 1941
5
5
6
J-J tJuly
J-J July
$300,000
10,000
1,
1,
12.000
9.000
7.500
10,000
12.500
People's Trust Co.. Trustee.
175,000
3.500.000 5g J-J 'July 1, 1941
Guaranty Trust Co., Trustee.
144,200
2.884.000 5g M-N *July 1. 1941
Central Trust Co., New York, Trustee.
>
12,000
240,000 5g J-J Jan. 1,1930
Jam. & B. RR. 1st
Central Trust Co New York, Trustee
mnrt
>
26.000
650,000 4gM-S Sep. 1,1916
Sea B'ch Ry. 1st M.,
guar
5 W. M. Giiunell.W. O. Piatt & Wm Man, Trustees.
640,000
16,000,000 H? F-A Feb. 1, 1950
Brooklyn Un. Elev.
Central Trust Co., New York, Trustee.
Ist mort guar
S
Kings Co. El., IstM.)
280,000
7,000,000 4g.F-A Aug. 1, 1949
,
,
gold, \
Central Trust Co., New York, trustee.
($1,000) guar....c. >
Nassau Electric
419,040
10,476,000 4gJ-J Jan. 1, 1951
Co. consol. mtge
Guaranty Trust Co., New York, Trustee.
bonds ($1,000) c*<S;r f
Bonds guar, by end. by Br'klyn Heights RR.
$7,000,000,
RR
|
'i
$15,000,000
J
mortgage
bonds
1st
660,000
>
5
A-O
Apr.
1944
1,
,
.
m
$1,656,500
Total
.
snow plows, sweepers,
<feo.,
183— total,
2.796.
Elevated Lines—
Closed cars (motor), 145; closed cars (other than motor). 469; open
cars (other than motor), 58; freight and coal cars, 36— total, 708.
Grand total cars, 3,504. Locomotives. 121.
Report— The annual report for 1902 will be found in V. 75, p. 847.
The operations of the Kings County Elevated are not included for
the first quarter of the fiscal year 1899-1900.
INCOME ACCOUNT BROOKLYN RAPID TRANSIT AND CONSTITUENT COMPANIES—YEAR ENDING JUNE 30.
1901.
1900.
$11,718,942
58.394
122,501
167,821
67,901
$11,206,716
61,305
108.783
167,253
$12,788,168
$12,135,559
$11,768,550
$567,059
1.160.999
1,262,429
3,580.891
543,274
l,<9i,745
742,817
$378, FOO
891,986
1,019,686
458,761
1,157,593
754,626
$415,729
882,183
964,665
3,551,476
379,028
913,292
*736,721
Total
$8,952,214
$7,970 634
$7 ,843,094
Neteamings
$3,835.-.'i4
$4,164,925
3,587,122
$3,925,456
3,398,684
1902.
Receipts—
Passengers
$12,321,265
64.902
Freight, mail and express.
124.455
Advertising
192,299
Bents
85,247
Other miscellaneous inc..
Total
Maintenance of wav
Maintenance of equipm't.
Opera'ion of power plant.
Operation of cars
General expenses
Damages and
legal e.xp'es
Taxes
Hamilton
I
<
cars, 1,318;
2-24,493
3,309,18'2
33,000
Trut^t Co., Brooklyn. Trustee,
36,500
730,000 5 A-O Oct. 1. 1909
Brooklyn Trust Co., Trustee.
mortgage
\
112,050
112,241,000 5gA-0 Apr. 1, 1931
Atlantic Ave. gen.
Brooklyn Trust Co., Trustee.
M., gold. 1891.... S
11,000
220,000 5g J-J Jan. 1, 1934
Atlantic Ave. Imp.
$i20,000,g..l894$ Central Trust Co., New York, Trustee
12,500
250.000 5 J&J Jan. 1,1907
tB.B. <feW.E.l8tM.
Title Guarantee & Tr ust Co., Trustee.
Ser. A,red,Jan '97
12,500
A&O Jan. 1, 1917
2.50,000 5
tB.B.&W. E. IstM.
Title Guarantee & Trust Co Trustee.
Ser.B,red.Jan.'97
1911
2,600
52,000 5 J&D Jun. 1,
tB.B. & W.E.2dM.
Title Guar>intee <te Trust Co, Trustee.
red. July, 1896.
6.050
121.000 5g A&O Oct. 1. 1933
B. B. & W. E. Genl.
Franklin Trur-t o Brooklyn, Trustee.
gold
Total interest charges (on above $59,449,000 of funded
$2,833,440
debt outstanding June 30, 1902)
addition lo payment of fixed charges—
Rental p'jytnents
B'klyn City RR. stock, $12,000,000 10% Q-J 15, 999 years. $1,200,000
150.0U0
B'klyn Union El. RR. Co. lental in addition to fixed chgs.
260,000
Nassau Elect. RR Co., $6,500,000. 4 p. c. pf. cum.. 999 jrs.
40.000
Prospect Park & Coney Island BR., yearly rental
6,500
Sea Beach Railway Co. yearly rental
5
Atlantic Ave. 1st
30. 1902.— surface LiNES-Closed cars, 1.059;
combination cars, 2^1; cable cars, 15; mail, freight,
Equipment June
Ann. charge-
Maturity.
17
$4,489,940
Total interest charges and rentals
Less interest on bonds owned and proportion of rentals
574.592
due B. R. T. Co. as owner of stock of lessor companies
$3,915,348
Net fixed charges, entire system June 30, 1902
Subject to call July 1, 1916.
t Subject to call at any time.
§ Five per cent after Feb. 1, 1905.
t Subject to call in 1916.
ir Atlantic Ave. general mortgage 58 of 1931 were subject to call In
1909, but many of them (how many is not known) have been stamped
releasing them from the liability to call.
Stoefc— Stock authorized is $45,000,000; issued $45,000,000. The
ptock was formerly held in a voting trust, but this terminated January
1, 1900, and control is now vested in the owners of the shares.
In the reorganization of Long Island Traction the old $30,000,000
stock paid an assessment of $10 per $100 share, the old stock being
reduced to $20,000,000. and $7,000,000 of 5 per cent bonds being
authorized, against $3,000,000 of Long island Traction.
Interest on Bonds, Where ^as/aft/e —Interest on the two Brooklyn
Rapid Transit and the two Elevated issues Is payable at the Central
Trust Co.; on the Nassau Electrij bonds, including Atlantic Avenue
and West End issues, at the Colonial Trust Co.; on the Brooklyn
Heights 1st mortgage at the People's Trust Co., Brooklyn; on the
Brooklyn (Queens o. & Sub. mortgages and tue Jamaica & Brooklyn
1st mort^iage at the First Nat. Bank, Brooklyn; and on the Sea Beach
1st mortgage at the Brooklyn Heights RB. olMce.
New Moitgaqe Jor $'51 .oco.oco.- Stockholders authorized March 20,
1902," General Consolidated and Collateral Trust Mortgage" for $150,000,000. $61,065,000 is intended to retire all the existing bonds of
the system, and the rest for improvements, additions and new acquisitions, as needed from time to time. These bonds can be converted
into stock, par for par. alter Julv 1, 1904. and f)efore July 1,1914.
In May, 1902. $5,000,000 were sold to Flower & Co. See V. 74. p. 377.
Bonds— Of the $7,000,000 50-year gold 5s of the Brooklyn Rap.Trana.,
$3,000,000 went to stockholders for the assessment. For description
of property covered by the mortgage, see V. 62, p. 1138. See also
application In V. 67, p. 904.
Brooklyn City RK. mortgage of 1891 is for $6,000,000 and is a first
lien on the old Brooklyn City r»ad and a consol. lien on the lines
acquired by consoUdation in 1890. Of the $6,000,000 issued, $4,373,000 are in the hands of the public and the balance is held in the
guaranty fund.
The total authorized issue of first consolidated mortgage gold Ss'of
the Brooklyn Queens County & Suburban RR. is $4,500,000, of which
$1,616,000 are reserved for extensions, on which they will be a first
lien.
Of the $2, 84,000 outstanding, $2,255,000 in 1898 were endorsed with the guaranty of the Brooklyn Heights RR. Co. as to prinand
interest, and in January, 1899, provision was made for
olpal
guaranteeing the remainder on the payment of ten dollars per bond
Both B. Q. C. & S. loans are subject to call in 1916.
The Sea Beach Ry. Ist 4s also are guaranteed as to principal and interest by the Brooklyn Rapid Transit Co.— V. 65, p. 1219.
The Nassau Electric bonds are guaranteed (by endorsement on each
bond) by the Brooklyn Heights RR. Besides covering the mileage
directly owned they are a lien by a supplemental agreement upon the
stock of the Coney Island <fe Gravesend Ry. and the Sea Beach Ry.
and will become a direct lien on these tines as soon as they have been
formall\ merged in the Nassau Electric. Of the total of $15,000,000
bonds authorized the unl-tsued remainder is reserved for prior liens.
See listing application In V. 72, p. 342.
(
>•
Fixed charges
(net)
3,732.633
Bur.$103,321
surp.f577,803 surp.$526,772
Sur plus or deficit
Includes an allowance for franchise tax.
Latest Earnings- For the Brooklyn Eapid Transit Company:
6 mos. end. Dec. 31Gross, $6,836,369; net, $3,051,194
1901-02 (489 miles)
Gross,
1900-01 (489 mUes)
6,513,239; net, 2,429,510
Officers President, EilwinW. winter; Chairman cf Board, A.N.
Brady; Vice-Presidents. Horace C. Du Val and T. 8. Williams; Secretary and Treas. C. D. Meneely; Assist, to President J. F. Calderwood;
Comptroller, W. B. Longyear; Clinton and Montague sts., Brooklyn.
Index— V. 73, p. 31. 82, 390, 494, 553, 722, 781, 854,899,1111,
t263; V. 74,p. 20t, 377.477,629.9^5. 1088, 113:; V. 75, p. 134,183,
441, 847, 863, 906; V. 76, p. 47, 101, 265, 330.
'
*
—
Coinpaniea Controlled bv BrooklFn- Rapid Trauait Company.
(I)beooKLYN UNION ELEVATED BE.—Formerly
now
a steam road
electric.
Organization— Organized in January, 1899, as successor of the
Brooklyn Elevated Bailroad and its allied lines per plan in V.
On May 24, 1900. acquired all the stock of the
64. p. 609.
Kings County Elevated Railroad and was consolidated with it.
The Kings County haa previously absorbed the Sea View Railroad.
The Kings County Elevated Railroad was a reorganization after sale
at foreclosure on July 6, 1899, of the Old Kings County Elevated Railway and the Fulton Elevated Railway; the foreclosure was in accordance with plan in V. 68, p. 724. The Brooklyn & Brighton Beach RR.
has also been merged in the Brooklyn Union Elevated.
Lease.— On April 1. 1899, road was leased to Brooklyn Heights RR.
Co. for one year for $100,000 and fixed charges, organization expenses
and taxes. Provisional leases were then maintained untU July 1, lt»01,
when a lease for 999 years was made. The leasee agrees to pay organization expenses. Taxes and fixed charges, and as rental all net earnings, such net earnings not to be less than $150,000 per annum the
first three years, $200,000 the next two years and $250,000 per annum thereafter. Lessee also agrees to guarantee, principal and interest, all bonds of the Brooklyn Union and Kings County Elev. RR. Co's,
the guaranty to be stamped upon the bonds upon presentation. In
Feb., 1902, began stamping bonds with guarantee. See V. 74, p..204,
also V. 75, p. 183, 1398.
Stock and Bonds.
Date, interest.
Outsiand'g. Maturity, etc.
$13,000,000
°'° "*'''"*''^-'
,...
5,000.000 Dec.31, '02, 2
%toOo!oOO
]
Ist M„ $i6,0()6',006 g.', 4% ? 1 OQQ 5 4 to 5g. ) 16.000,000 Feb. 1. 1950
^^^^ IF. & A. 5 Trustee, Cent. Tru8t,N. Y.
till '05,then 5% ($1,000) 5
4g.F&A
7.000,000
Aug.1,1949
^lTm'^goId^$7^000''000i^899
*''"""'"j^" Interest at Central Trust Co., N. Y., Trustee.
^
Com.
stock, $13, OOu.OOO
($l,™Oof
Both issues of bonds are listed on N. Y. Stock Exchange.
On June 30, 1902, the Brooklyn Rapid Transit owned $11,093,936
common and $4,641,159 pref. stock of the Brooklyn Union ElevateiL
Road—The Brooklyn Union embraces 67-824 miles of elevated track
and 20-08 miles of surface track. Total, 87904 miles. The New York
and Brooklyn Bridge has 3-60 miles of track in addition.
On July 1, 1898, the operation of the Bridge railroad was commenced.
See terms of contract in V. 67, p. 27, 4-26. In April, 1898, an agreement was made with Long Island RB. providing lor joint construction
of connecting line at East New York and running of through trains
from Jamaica to Brooklyn Bridge and from Rookaway Park to Broadway ferries. Construction begun in Nov.. 1898, and work completed
in February, 1899
V. 67, p. 1054.
Dividends —The first dividend of 2p c. on the pref erred stock was
paid June 29. 1901; in 1902, June 30, 1 p. c. On Dec. 31, 1902, 1^
per cent and ^ per cent extra.
Annual Report— Now included in Brooklyn Rapid Transit.
Officers— President, Edwin W. Winter; Vice-President, T. 8.
Williams; Secretary and Ireasurer, C. D. Meneely.— V. 70, p. 229; V.
71, p. 340; V. 72, p. 1034, 1279; V. 73, p. 390, 899; V. 74, p. 204.
(3)
NASSAU ELECTRIC RAILROAD.—A
trolley road.
Organization— Chartered March 13. 1893. under the laws of New
York. Opened in July, 1895, and in April, 1896. leased the Atlantic
Avenue RR.. etc. Cars commenced running over the Brooklyn Bridge
Feb. 15, 1898— see V. 66. p. 383. As stated above, the Rapid Transit
Company owns the whole $8,500,000 common stock of the Nassau
Electric and $6,052,000 out of the $6,500,000 preferred stock.
\st
8idTotal
Mileage-Thesystemincludes:
2d
Same—
iease.— April 1, 1899, the Nassau was leased for one year to the
Track.
Track. ings.dc. miles.
Brooklyn Heights BR.
59
•086
1-266 Brooklyn Heights BB. and Feb. 13, 1900, a lease for 999 years was
-59
Brooklyn City RR
3-632 204-924 made from Apr. 1, 1900. Under the lease the Heights Company wlU
103 292 9800
•194
Brooklyn Queens Co. & Sub. BB... 24-15
47-244 Say all fixed charges, taxes and organization expenses of the Nassau
2290
Nassau Electric BR
6-881
30-09
ompany, and in addition all net earnings from the property leased,
61-77
61-44
Sea Beach Railway
Elevated lines
Surface lines ...
N. Y. & Brooklyn Bridge
Trackage on
C.
I.
&
RR
Brooklyn RB...
Total miles operated
Franchises unbuilt (about)
6-177
1-57
•113
976
316
7-96
7-35
28'70
8'30
28-70
6*177
3-16
Coney Island & Gravesend Ry
Prospect Park & Coney Island RR.
Brooklyn Union Elevated RR—
1-30
1*53
8-30
1-30
10-424
3-48
1-00
•84
248 729 239-367
S39-367
34-729
13-924
6-433
25-07
67-824
20-08
3-60
2-37
522-825
17500
the latter to be not less each year than 4 per cent on the $6,500,000
outstanding Nassau preferred stock.
The Nassau Electric Railroad owns the entire amount of stock
($650,000) of the Sea Beach Railway; also entire stock ($35,400) of
The Nassau Electric underthe Coney Island & Gravesend Ry.
went re-capitalization in 1898— see V. 66, p. 39, 183. The assets of the
Kings County Traction Co. were purchased at public sale In July, 1898,
by the syndicate conducting the consolidation V. 67, p. 74, 125.
Certificate of merger of Atlantic Ave. RR. and United RR. (the latter
being successor to the Brooklyn Cable Company sold at foreolosure
Deo. 23, 1897) was filed on Jan. 26, 1899. V. 68, p. 283, 821.
STREET RAILWA5rS.
18
MAP OF THE
OLCOTi
INTERNATIONAL TRACTION
eSfc
"FALO
IW
Randall Road
L
A
F
N
E
gCHARLOTTEVILLE
,,
,
Maplestreet
S
i
°
N
Coomer
.
.>V^-J
Fort
X iagara
rA
coRwiNsf F Eldgeroad
YOUNGSTOWN
P
o
R
J
South Wilson
East Wilson
Raiisoinville
I'
Warrens Corners^
Nonliridgej
WRIGHTS
Cambria
N
Niagara'jc
/w
Hickory
iqkory Corners p
"^.Modeltow'n
'M
B
^
Pekin
;A fcfOCKPORTi^
R /I
—^
'
West LockporiySt]!^
/
"^
1
Lockport Junction!
RESERVATION
~ BR0C1^\
^ monumIeim
±ij
L
OY/C^K
0/R J
P
Ji?yi/o^'*Sara
''''''
Cniversity
Sanborn^_|^_-j^t«
Shawnee
"IWalmore
a1
G A
R
W
,
A
lNiagara falls
r^
/
—
'\y~^
I
H
Bergholtz
E
o
I
Mapletou
/
A\T
£[L
F
i^r.
j
/
Sta.
r^
peijmTleton
D
'CENTRE i^~
o
A
St.Johnsburgo
Beach Ridge
"I
<Pendleton,
Millersport
-Ni,*:
\
:^^
;o--^
\POINT
Wendelville
Uj
o
^^:^
-^
^^'''f/^^^^^m^
-BUCHpJ^N.-l
Sa^CTers Creeki
EdgewateQ-^^^l^^
^^-?«*
(Martin^ille
Swormville
RAN
i^HUC
2l5?PAL
Inland
•S
L
ol
NORTH LtrOIMAWAN DA
Eldorado,
)
°A
'
AtONAWAjNDA
-O-i
Transit
!!.
&tla.
^'V/.
^^
M
N
East Amherst
Getzville
H
E
Ai
Island Club
Pakf ield Clil'
House
.tv^svWe
£='ii^^Bt?dell
^\
T\'<:'l''
lENMOREVi-it-Mi
t
^l
.^^
y^
,
.
-
hnwler
olgfe-t^
-STRAWBERRY
MlCHfQAN
StevensviUe
^^
ti
>^^'^
R
fn TtERN. AXf,Q.N.A L. J.C^ _ .
'I'i^
UJ
"graSo"
T«u,Vfc
KENSINGTON
.w^^
DEPEW
CH
Bndgebur?;
E-E'
TO-W A G AN— -^dnr^
K
-
Fort Erie
J-^orfe
Ridgeway
WTF
7;;
FFA
t--'-'-^.
f««o
'•^5^°Sl''''*l:i?C-s,,^.^^
'
j^'
B.G.
J
-V--^
','
t.
•
l
V
W /E
S T
-
' Blossoi)i'
Gardenville
^benezcr
Sta. p,^^;,.!
SENECA
^^^
Ebenezer
„
^
Spring
I
^rook Sta
I
STREET RAILWAYS.
&
Oulstand'g.
Maturity
$8,500,000
6,500,000 Nov./j,^02,4%
Pref.4p.c.oum,$6,5Q0,000
Bonds— FoT details see Rapid Transit statement above.
Road— Owns 130 09 miles of single track; also owns the stock of
tlie Coney Island & Graeesend (643 miies) and the stock of the Sea
Stock
Bonds—
Date.
Common stock, fS.SOO.OOO
interest.
....
....
....
....
Beach Railway (13'92 miles); total track, 150 44 miles.
Atlantic Ave. RR. (now part ot Nassau Electric) owns the doubletrack steam road from Jamaica to Flatbush Avenue Station in Brook-
9^
miles (19 miles of track), which is leased for 99 years from
June 1, 1877, to the Long Island RR. Co., affording that company entrance into the City of Brooklyn— rental, formerly a percentage of receipts, was changed in 1895 to $60,000 vearly. V. 61, p. 828. Idtifition has arisen with Long Island RR with reference to use of AtianAvenue. See V. 74, p. 1139.
Dividend— First dividend under lease was paid Dec. 31, 1900,
namely, 4 per cent; next (4 p. o.) Nov. 15, 1901; Nov., 1902, 4 p. o.
Latest Earnings— Earnings are now included In those of Brooklyn
«apld Tr'nslt.— V. 70, p. 125, 328; V. 71, p. 1220; V. 72, p. 240, 339, 342.
lyn,
(4)
PROSPECT PARK & CONEY ISLAND RR.— A
trolley road.
Organization—Controlled by Long Island RR., but on June
17,
1899, the Brooklyn Rapid Transit Co. took possession under a lease for
•999 years to the Brooklyn Heights RR. and equipped the road eleotrlcaUy. (V. 63, p. 1224; V. 69, p. 654.) Rental is $40,000 per annum,
and expenses until 1910, when amount increases to $45,000. In coneideration of a guaranty by Long Island RK., annual interest on the
greater part of P. P. & C. I.'s bonded debt has been reduced from 6 and
7 per cent to 4ia per cent. Bee V. 56, p. 42; V. 62, p. 187.
Stock
&
Bonds—
Date.
interest.
Outstand'g.
Maturity.
$250,000
now Ist ($1,000 ) 1886 4ifl P. & A. 340,000 Feb. 1, 1926
F.&A. 160,000 Feb. 1, 1926
6
each),c.*&r
5 1886
96,000 Mar. 1, 1931
3d M. (now 2d), gold > 1891 4iflg. M.&8.
M.&S. 104,000 Mar. 1, 1931
($1,000 each), c* & r. S 1891 6
Interest on above mortgages payable at U. S. Mort. & Tr. Co., N. Y.
Income bonds, non-cum
250,000 May 1, 1920
». E. M., June 30, 1902
29,766
Bills paya'le June 30.'02
430,500
-Stock
2d M.,
Road— Embraces 25"07 miles of single track.
Earnings.— Now Included in those of Brooklyn Rapid Transit. The
Prospect Park & Coney Island received as rental from Brooklyn
Heights in 1901 1902 $40,000; rental of buildings, $23,968;
^3,963;
total,
interest, taxes, &c., $67,256; deficit, $3,288.
CONEY ISLAND & BROOKLYN RR.ORQANIZATION— Chartered Dec. 10, 1860. Cars commenced running
over the Brooklyn Bridge Feb. 15, 1898. See V. 66, p. 383.
Brooklyn City & Newtown was leased in November, 1897, for 999
years, and in 1900 was merged lato the Coney Island & Brooklyn.
Stock
&
Bonds.—
Date.
interest.
Q.—F.
8tk.$2,000,000(p.$100)
'^|i,0™or''
^®®^
^
-*'-'^---°."i
^•'^-
Outstand'g.
Last
$2,000,000
Feb., '03,4%
div.,
<£e.
300,000 July 20, 1903
Trustee, Brooklyn Trust Co.
Int. at Mechanics' Bank, Brooklyn.
5
J.-J.
$400,000 July 1, 1903
•Cert, of indebt. ($1,000) 1895
First consol. mort., J 1898
4g. J.-J.
1,300,000 July 1. 1948
$2,000,000, gold. .. ( Mercantile Trust Co., N. Y., Trustee.
B'kln City&Newtown ) 1889 5
J.-J.
$2,000,000 July 1,1939
Jst M., $2,000,000.. 5 Int. at Mercantile Trust Co., N. Y., trustee.
R,E.mort8
$191,605
Of the $2,000,000 48 of 1898 $300,000 are reserved to take up the
Ist 58 and $400,000 to retire the certificates of indebtedness.
Road—Brooklyn to Coney Island, with branches, 13% miles; Brooklyn CJity & Newtown RR., main line and branches, 9*85 miles; trackage
rights, 2-27 miles; second track and sidings, 23*63 miles; total operated,
4950
miles.
Beginning May 5, 1901, fare to Coney Island on Sundays and holidays was increased from 5 to 10 cents.
Dividends— In 1895, 6 per cent; In 1896, 5 per cent; in 1897, 6 p. c;
In 1899; 10 per cent; in 1900, 10
In 1898, 8^ per cent; V. 67, p. 955
per cent; in 1901, IS^^ p. c; In 1902, 16 p. c. In 1903, Feb., 4 p. c.
Earnings—For years ending June 30 (Including the B. C. & Newtown), the earnings were
12 mos.
Gross.
Net.
0th. inc. Jnt , taxes, etc. Bal.,sur.
1901-2. ..$1,498,927
$589,336
$264,053
$8,786
$334,069
1900-1... 1,458,196
1S,071
360.571
618,004
270,504
;
Officers—President, John L. Heins; Vice-Pres., Louis Fitzgerald;
and Secy., Dunoan B. Cannon; Superintendent, D. W. Sullivan.
Oifice, DeKalb and Franklin Aves., Brooklyn.— V. 72, p. 183
"Treas.
I
19
Niagara Falls and the Su.spensiom Bridge between
Queenstown and Lewiston, which bridges have be<in eqiuppedwith
stpel arch bridge at
trolley tracks.
Stock & Bonds—
common. $10,000,000
Date,
interest. Outstand'g.
Maturity.
$10,000,000
Prf ,4 p.c. cum., $.5,000,000
5,000,000
Collateral trust, .$30,000,000 ^1899 4g.,J-J
15.715,000 July 1,1949
Guaranty Trust Company, New York,
($1,000), gold, c*. Interest^
Stock,
Morgan & Co.
f Trustee.
May be called at 110 and interest on any interest date.
at J. P.
Of the $30,000,000, $12,285,000 are reserved by the terms of the
collateral trust indenture to take up an equal amount of the underlying bonds of the allied and controlled companies now outstanding,
and $2,00 ',000 for futur- betterments and improvements. The synirg^n
dicate agreement with J. P.
Co. covering part of these
bonds ana part of the preferred stock was terminated Sept. 1 , 1902.
Vonsolidalion of Co 'Stituenl Oompaniet.— On Feb. 20, 1902, the International Railway Company was incorporated in New York with
$10,120,500 stock, buc in Aug , 1902, this was increased to $17,000,000, of which $16,3 0,50>i has been Issued (all owned by the International Traction Co.) as a consolidatioQ of the following companies,
whose shares had previously been held by the T. action Co.; V. 74, p.
M
&
427:
Buffalo Railway (after Buffalo Traction and Buffalo Bellevue
Lancaster had flr>t been merged In thf same).
Buffalo & Niagara Falls Electric Railway.
Buffalo & Lockport Railway (after Elmwood Ave.
Tonawanda
Electric Railway had been merged).
Buffalo Tonawanda & Niagara Falls Electric RR.
Lockport & Oloott Railway.
Niag.»ra Falls 4; Suspension Bridge Railway (after the Niagara Falls
&
&
Whirlpool & Northern had been merged in it).
Niagara Falls -uspension Bridge Co.
TheBuffalo Railway owned the $2,«60,000 stock of the Crosstown
Street Ry. of Buffalo, and this passed to the International Railway.
On July 1. 190J, the International Ry. Co, acquired by purchase the
Niai^ara Falls Park & River Ry, the Clifton Suspension Bridge Co., the
Lewiston <'onnect. Bridge Co. and Queenston Heights Bridge Co. This
leaves the Crosstown St. Ry. Co. and International Ry. Co. as the only
operdtine comoanies and eventually (that is as soon as the $1,000,000
Buffalo Ry. debentures secured by $2,000,000 stock of the Crosstown
St. Ry. are retired) the Crosstown Street Ry. will also be merged, thus
leaving the International Railway Co. the sole operating company and the International Traction Co. the holding company. All
the outstanding stock of the International Railway and $60,000 bonds
of the Tonawanda Street RaUway are pledged as security for the
International Traction collateral trust loan.
Liiens of Con«tituent and Owned Companies.
Maturity.
Bonds— Date. Miles, interest. Outstand'g.
Stock
l®'^^ •"• 6&7 J-J
650,000 July 1, 1905
Buffalo
St Rv
Bunaio St.
Ky. 2d
ja m. ^ j^^. jg payable
at Nat. Bank of Commerce, N. Y.
^
....7&10J-D
300,000 June 1,1904
RiiffaloFSidelstM
tsunaioii-.siae isi j>i. M^"*
^ j^^ jg payable at Company's office, Buffalo.
1882 .... 6
293,500 8ept.l,1912
dn
do
2dM5
uo
uo
.6U iu.
^ j^^ jg payable at Company's office, Buffalo.
f 1891
67 5 g. F -A
3,756,000 Feb. 1, 1931
1st Con. M. ($1,000) J Mercantile Trust Co., N. Y., trustee.
$5,000,000 gld.C&r; Int. is payable at Co's. office. Buffalo, E. W.Clark
& Co^ Philadelphia, or Mercantile Tr. Co N. Y.
6 g. A - O 1,000,000 Apr. 1, 1917
Riiff Rv debe'tiires f 1897 ....
«Tnnorvfo ^ r^d' Trustee, MetropoUtan Trust, N. Y.
Secured by deposit of $2,000,000 stock of Crossat 1 (V^'aftP^ llir 1
town Street Ry. Interest at company's office,
1
Qn9?«tnn
«i nnm
lyoz
(!t.ooo,*i,uou)
Buffalo, or Mercantile Trust Co., New York.
y
J-D
$150,00j June 30, '04
5
RiifT
Ky. R
Bun. Rv
K. T?
ii. mto.
mi„.. 51894 ....
^^^ ^^ ^^^^ ^^ ^^^ ^^ ^^^ interest date.
^
*Tonawanda Elec. )
4 A-O
40,000 Apr. 1, 1907
RR. 1st mtge
5 Interest at Metropolitan Bank.
*Tonawanda St. Ry. >
6 J-J
60.000 July 1, 1912
Ist .M., $250,000 .. 5 Interest at Morton Trust Co., New York.
CJrosstown Railway— Guaranteed bonds.
IstM.g., ($3,000,- < 1890
73 5 g. M-N
2,974,000 May 1, 1930
000) gu. p. <fe i c' ( Int. at Metropolitan Trust, N. Y. City trustee.
Buffalo Traction 1st 5 1898 .... 5 g. J-D
673,000 Deo. 1, 1948
mort... $5,000,000 \ Int. at Metropolitan Trust Co,, N Y., Trustee.
215,000 Junel,1927
(1897 .... 5 J-D.
Buff.BeUev.&Lan.M. ^ Redeemable June, 1903, at 102, and I3 per
cent less each year untU at par.
C
....
1895
5g.J-J
750.000 July 1.1935
^^i^o^v^-^sf M^^
$750,0W, gold cS^"*- ^* Mercantile Trust Co., New York.
2d M.,' $250,000, g.,) 1896 .... 5 g. J-J
175,000 July 1, 1921
s. f., red. aft. 1901 > Interest at Mercantile Trust Co., New York,
&
M
M-S
,
I
•(
I
,
.
,
at 105, $1,000.. .c) Trustee.
& Lockport 1st 5 1898 .... 5 g. J-J
500,000 Julyl,1938
Colonial Trust Co., New York, Trustee.
M., g., $500,000. .. \
Lockp. & Olcott Ry. ) 1900 ....
5 J-J
800,000 July 1, 1920
1st M., $1,000,000 > Int. at Morton Trust Co., N. Y., Trustee; also at
gold, $1,000
c*) Buffalo. Guar., p. and i., by Internat. Trao»n.
Buff.
_VAN BRUNT
STREET & ERIE BASIN
road.
RR.— A trolley
ORGANIZATION} Etc.—Chartered Feb.
15, 1861. Stock, $200,000;
debt, $65,000. Track, 3 miles, changed
Gross, 1901-2, $48,435; net, $16,727; other income, $1,*!21; charges, $6,172; dividends (4%>, $3,000; balance, surplus, $4,176.
all issued;
par, *10.
to electricity in 1898.
Funded
Officers—Secretary and
Brunt
Treasurer, Wyllys Terry.
OflBce,
264 Van
Street, Brooklyn, N. Y.
BUFFALO,
N. Y.
BUFFALO HAMBURO & AURORA RY.A trolley road.
On Nov. 24, 1902, was purchased at forclosure sale by A. E. Leon of
Boston, a bondholder, for $51,500. V^. 75, p. 1201. Road is to be reorganized.
Road -The 15 miles to Hamburg and Orchard Park were put in
operation on Oct. 6, 1900.—V. 75, p. 341, 1201
BUFFALO & WILLIAMSVILLE ELEC- RYChartered Aug
Niagara FaUs&Sus-) 1893 .... 6g.J-J
518.000 July 1, 1903
pensi'n Bridge By. > Interest at Third National Bank, Buffalo.
1st mort., gold
) Mori, trustee, the Fidelity Tr.& Guar.Co., Buffalo.
Niag'a FaUs Whirl-) 1894 ...
5 J22,.'S00 July 1, 1903
pool&Sorthernlst > Interest at Third National Bank, Buffalo.
M., gold..$30,000 3 Fidelity Trust & Guar. Co., Buffalo, Trustee.
300,000 Jan. 1, 1923
5 g. J-J
Niae' T? SiisT> Rdfi- (1897 ....
'^"'^0°^° General Trusts Co., Trustee.
aStonSusn
Clifton
Bridge 1 interest
Susp. Bridle
at American Exch. Nat. Bank, N. Y.
^
5g.A-0
....
125.000 Oct. 1,1928
Lew Con'e Bde Co 0898
Torouto General Trusts Co.. Trustee
OnLna
TTt« isr.
rI r^
queens, uts.
00. \ int^reg^
American Exch.
Bank, N. Y.
of the
years ending June 30
Gross, $16,357; net, $7,493; taxes, $870
Gross, 13,918; net, 5,362; taxes, 792
Gross, 12,029; net, 4,181; taxes. 532
Officers— President, Geo. L. Lewis; Vice-Pres., E. C. Longnecker;
Sec, S. R Mann; General Manager and Treas., L. L. Grove.
1901
1900
INTERNATIONAL TRACTION
page i«).— Trolley.
CO.-iSee Map
(Drganization— Organized on Jan 18, 1899, under N. J. laws, and has
acquired all the electric railways connecting the cities of Buffalo,
Niagara Falls, Lockport, North Tonawanda and Tonawanda, together
with aU the street railway systems in all of said cities; also the electric railway connecting the villages of Depew and Lancaster with
Buffalo.
It also
acquired the Canadian Electilc Railway, trav
crstng the entire length of the Queen Victoria Niagara Falls Park,
and connected it with the American system by the acquisition of the
5 J-J
Co.
31:
1. T.
Co.
and
I.
Ry. Co.
combined.
construction.
fiscal
600.000 Jan. 2, 1914
at Imperial Bank, Toronto, Canada.
...
Latest EARNiNQS—For6mos. ending Deo.
6 mo*
Gross
1902. ...$1,888, '.14
1900.... 1,476,058
Earnings— For
1893
CaSamLn ouS-ncy S ^^^^erest
* All owned by International Traction
10, 1891. Stock, $75,000; on which
ORGANIZATION—
dividends of 5 p c. were paid in 1901; in 1902, none; no bonds. Operates 419 miles of track, Buffalo to WilliamsvUle; 56-lb. to 60-lb. rails.
An extension from Wllliamsv. to Rochester, 60 miles, is now under
1902.
'^
Nafl
^t
^
^!fc^^^Ar^i*i!^,T,^^t^
Net.
Olh. income. Fixed charges. Sal., surp.
$?88,59i
$774,5^5
$149,480
$3^,436
76j,428
69,839
753,268
80,9j9
made with 1900, owing to 1901 having been the period
Comparison is
Pan-American Exposition.
COMBI.SED STATEMENT OF INTERNATtONAL ET. AND INTERNATIONAL
TRACTION CO.
1901.
1900.
Fiscal year fnd. June 30—
1902:
Gross earnings from operation
$4,426,676 $3,129,094 $2,575,921
Operating expenses.
2,256.481
1,574,887
1,374,673
Net earnings
Miscellaneous income
$2,170,195 $1,554,207 «1, 201,248
348,743
228,405
144,916
Total net income
Fixed charges, incl. int.
on bonds of I. T. Co
$2,518,938 $1,782,612 $1,346,164
1,757,877
$761,061
Surplus
X
1,649,967
1,390,685
$132,645 df.$44,521
Pan-American year.
Road—Operates 352-95
oars, of
which 724 motor
miles of track.
cars,
239
trail
Equipment
and 2
consists of 965
electric locomotiyes;
6
STREET RAILWAYS.
2U
electrical sub-stations, 4 power lioases, and various other buildings,
parks, betels, &c.
Officers of aU operatlns: companies— President, W. Caryl Ely; VicePresident, D. S. Latnont; Secretary and Treas., Richard F. ttankine;
H
M. Pease.
Auditor,
iS. Mitteu.
Executive Oo»i/«i«ee.— Charles Steele, Francis Lynde Stetson. Temple Bowdoin and vVm. B. Rankine of New York; W. Caryl Ely and
Burt Van Horn of Buffalo; and T De Witt Cuyler of Philadelphia
V. 68, p. f>24, 571, 1024; V. 69. p. 229; V. 71, p. 1120, 1269; V. 73, p.
336; V. 74, p. 3t 6, 427; V. 75, p. 34^;. 498, 54-.
Officers of international Traction Co. -President, W. Caryl Ely;
Secretary, Chas. MacVeagh; Treasurer, Richard F. Rankine.
Gen. Manager, Thos.
—
BURLINGTON. IOWA.
BURLINOTON RAILW^AY & LIGHT CO—&
&
A
&
Remey.
INDEX-V. 64,
T
J. T.
p. 41.
468, 75S; V. 68, p. 1022; V. 74, p. 1307.
BURLINGTON, VT.
-A
BURLINGTON
TRACTION
—
Stock
&
CO.
trolley road.
Miles. Date. InVrest. Oii'.siantVg. Maturity.
Bonds
Stock.$200,000, par$lOO
$200,000 1901-02,"4%
Win.&B. Horse KR. 1st) O^a 1894 6g. J-J 125,000 Jan. 1, 1914
M., $150,000, gold, >
Not subject to call before maturity.
$500 & $1,000
o) Interest at Burlington Trust Co., Trustee.
Road— Owns ll miles of track in city of Burlington.
T. Owns 8 box cars, 10 open cars, 3 snow plows.
Ralls 50-lb.
1902
1901
Net-
$63,875
58,142
$28,234
20,146
Dividends. Bnl.gur
$7,500
$8,000
$12,734
7,500
8,000
4,646
Vice-President, Jno. J. Flynn;
Jnteiest.
Officers— President, Elias Lyman;
Treasurer, W. F. Hendee; Secretary, B. H. Eagan.
BUTTE* MONT.
BUTTE ELKCTRIC RAIL WAY -Trolley.
This company was incorporated
West
December,
Virginia in
1899,
as successor to the Butte Consolidated Railway (operating 21 miles of
track), sold at foreclosure.
Date,
interest. Outstanding.
Stock
Maturity.
Bonds—
St'k .*1. 000,000, par $100
$1,000,000
1st M. $700,000 gold, 51900 5g. M.&8.
700,000
Mar. 1, 1925
$1,000 each
*c \ Interest at Mass. Trust ("0., Boston. Trustee.
iJo/tdx-May he called for payment on March 1, 1915. or on any Interest day thereatter. Sinking fund of 10 per cent par value of bonds
begins March 1. 1916.
Officers— President W. A. Clark, Butte; Vice-Pres., F. E. Sargeant,
49 Wall St., New York; Secy. & Treas.. .L C. Kennedy, 49 WaU St
N. Y.-V. 64, p. 663; V. 69, p. 1300; V. 72, p. 190.
in
&
CAIRO, ILL.
CAIRO ELECTRIC RAILWAY-
CoNSOutoxTi iM. -On Jan. ^1, X-iOl, Mr. E. W. Hallilay purchased
the Egypt Electric Co. for $40,000. An early oonsolidallou of all the
street rails ways in Cairo is looked for.
Date. Interest, (hitst'd'g
Stock
Bonds—
Maturity.
Stock, $75,000; par, $100
$52,400f.p
51891 6 J-D 52,400
June 1, 1911
Ist mortgage
ist
mortgage, miiTftncv
currency
h'rus.,St.Louis-UnionTr.Co.,St.Louis,Mo.
Officers— President and Treasurer, E. W. Halliday; Vice-Prest., C.
&
O. Patiei; Secretary, C.
Cunningham; Supt., Edwin Halliday.
^EGYPT ELECTRIC
COMPANY-A troUey road.
see Call o Electric Ry. above. Com prices 4 m of track
Prop riy sold
In City of Cairo. Ali-o furnishes electric power and incandescent
lighting. Stock, $40,000; bonds, none. Gross earnings, 1899, $20,000.
CALAIS, ME.
CALAIS STREET RAIL^A/'AY—A trolley road.
Organization- 8to«k, $100,000; first mortgage, 1894, 5s, J&J
$100,000 due July 1, 1918. Current liabilities. June 30, 1902, $12,831.
Year ending June 3», 1902, gross, «26,790; net, $6,067; Interest
and taxes,
balance, surplus, $466.
Street Railway, lower wharf to upper bridge, Calais.
4 miles; St. Stephen Electric St. Ry. Milltown, N. B., to St. Stephen, N.
B., 3 miles; total, 7 miles. The St. Stephen Electric St. Ry. is a separate corporation, but is owned entirely hy the Calais company.
Officers— Pres., George A. Curijin: Treas.. C. W. Young, Calais, Me.
$5,tiOl;
Road— Calais
CAMDEN,
N.
J.
SOUTH JERSEY GAS, ELECTRIC
TION CO 1900
Organization- Incorporated
bring
cS,
TRAC-
in
to
under one control
and trolley interests in Southern New Jersey.
tluiCamden Gas-LightCo., Camdei fiaH-Liglit* Fuel Co.,
the gas, electric
lig'it
Has aliHorlieil
Camden <V Burlington
(las
Klectrio ("o., ICast Side (Jas Co., (iloucester
City Electriii-Light <;o., the Consumers' Gas Co. of Woodnury,
the Woodbury Klectrio- Light
Power Co., Trunton <las & Electric Co.
and the Camden Lighting <fe Heating (^o. The company Includes the
entire gas and electric light interests of the city of Camden and of
Mt.llollv. Woodhury, Merchantville, Trenton, (ilouce.ster, Mooret-town
and lladilonfield. In May, 1901, also purchased the plant of the Gloucester Cify Gas Ligiit Co. V. 72, p. 989
Company in I'AO'Z built 100
Otto-Hofliiian coke (»vens at CJaiuden to supply gas by pipe lines to
Camden, Trenton and outlying districts. On Feb. 13, 1902, purchased
«.\t
&
,
&
2,000,000
March 1,1949
M ® «9 nnn^' ^ 1899 5g. M-S
000 g'\$1.00(n' 5^"^®^*^®* at Colonial Trust Co., N. Y., Trustee.
."^g M-N
1900
Burlington Gas L." *
100.000
May 1,1920
Slnt at Burlington City Lo. & Tr Co Burl'n, N. J.
Co. bonds
^^i^c^*
,
Road— Jan.
1,
1903, the
Camden Gloucester & Woodbury Rv. owned
24-78 miles of track.
Officers— President, Anthony R. Kuser, Newark, N. J.; Vice-Prest.,
Wm. J. Bradley, Cumden; Secretary, Forrest F. Dryden; Treasurer^
Chas G. Cook, Trenton; Auditor. Jas. B. Shurtz, Camden.— V. 70. p.
1048: V. 71, p. 492, 603, 1270; V. 72, p. 88, 989; V. 74, p. 428; V. 76,
p. 332,
CAMDEN Formed
& SUBURBAN RY. -A
1896
control the
Organization—
in
trolley road.
Camden Horse RR.
to
(which is leased) and the Wist Jersey Traction Co. Capital stock,
$2,000,000 Issued to Jan. 1, 1902; par, $25; paid in Jan. 1,1902,
$400,000: funded debt, $825,000; other debt, $379,625. In Sept.,
1902, authorized capital stocK was increased to $3, 00,000.
Earnings- For year 1901, gross income from passengers, $394,163;
other income, $16,839; total income, $411,002; operating expenses and
repairs, $225,332; balance, surplus, $185,670.
Road— Track, 33-59 miles; Camden Horse RR., leased. 30 m.; West
Jersey Traction Co., 3-19 m.; total, 66 78 miles. Several small extensions are under construction, including a line of 6 miles to Riverton,.
where connection through to Trenton wlU be made over the Camden
& Trenton.
President, Wm. S. Scull; Vice-President and Gen'l Mgr W. E. Harrington; Sec'y, 8 T.Corliss; Treasurer, H. Lippincott. V.'75, p. 611.
(1) CAMDEN HORSE RR. -A troUey and horse road.
Organization— Incorporated March 23, 1866. Leased to the Camden
& Suburban Ry. from April 1, 1896. Rental, etc., received in 1901,
$50,600, from which paid 20 p. c. on stock.
interest.
Outstand'g. Last div., ete^
Date,
Bonds
Stock
See text.
$250,000
See text.
Stock ($25) paid in...^
5
250,000
1909
1st mortgage
Ist cons. M. ($500,000)
5M-N
1892
250,000 May 1, 1912
($500)
Interest payable at New Jersey Trust Company, Camden, N. J,
Dividends— \S92, '93, '94 and '95. 8 p. c. per an.: '96, 14 p. c; '97. le
1901, 20 p. c.
p. c; '98, 18 p. c; '99, 18 p. c; 1900, 20 p. c.
Road.— Has 30 miles of track.
«
.
—
&
Earnings- For fiscal year ending June 30:
Gross.
Dalanco, Beverly, Edgewater Park, Burlington and East Burlington. In
Dec, 1902, purchased the entire capital btock of the Bristol Electric
Light & Power Co of Bristol, Pa. (No bonded debt)
Has also acquired the entire capital stock of the Camden Gloucester
& Woodbury Railway All the latter's 1st mortgage bonds ha^^e been
turned in and canceled. The corporate existence of the railway is,
for legal reason s, maintained, but it is operated as part of the property
of the South Jersey Gas, Electric <fe Traction Co.
Consolidalinn.— On Feb. 28, 1903, is to be consolidated with the
Bordeutown Gas Light Co., Burlington Gas Light Co., Beverly City
& Township Gus & Water Co., Rivershore Gas Co.. Stockton Electric
Light <b Power Co Camden Gas Co Suburf)an Improvement Co and
Gloucester City Gas iJght Co Bonded debt will be Increased to
$15,000,000 to pay for the purchases.
Outstand'g.
Maturity.
Bonds— Date, interest.
Stock
Stock, $6,000,000 i
$5,889,000
Ist M.,$6,OUO.OOO[1900
5g M-8
5,910,000
Sept. 1, 1950
($1,000).. ..gold c* S Int. at Fidelity Trust Co., Newark, N. J., Trustee.
,
All the stoik. assets, franchises and ^ood-wiil of theBurlinj;ton Ky.
Electric Co. of
Light Co. hav e been purchased by the People's Gas
Burlington formln:< its only asset. The People's lo. has no bonds of
its own outstaudmsr, but in turn is controlled by the General Electric
Co. See V. 74, p. 1307.
Organization— consolidation of Burlington Electric Ry., Burlington Gas & Fuel Co., Burlington Steam Supply Co. and Burl. Elec.
Light Co. in 1897. V. 64, p. 329. In May, 1899, purchased the Burlington Gas Light Co., paying. It is reported, $200,000.
Date, interest Outstand'g. Maturity.
Bonds—
Stock
Stock, $1.250,000
$1,100,000
750,000 Oct. 1, 1917
1st M., $750,000 ($500, &c.),< 1897 5g. A-O
red.aft.Julyl,'02,at 105,g.c* ( Int. at American L.&T.Boston.trustee,
Bonas are guar. prin. and int. by endorsemeut by People's Gas Ar
Electric Co. of Burlington, and the latter has made a trust deed to secure the guaranty.
rail. Operates
Road— Total track 18 mUes trolley 48 and 66 lb.
22 motor and 25 trail cars. The People's Gas & Electric Co. contemplates an extension to West Burlington and other improvements, at
an aggregate cost of f 175,000.
Earnings— For year ending Dec. SI, 1901, gross, $169,940; expenfees, including taxes and insurance, $98,730; net, $71,210. In
1900, gross, ;i>l«i3,109; expenses, including taxes and insurance,
$112,417; uet earnings, $50,692.
Officers— President, G. H. Higbee; Secretary, E. C. Walsh; Treas ,
;
entire capital stock of the Burlington Gas Light Co.and River Shore Ga»
Co., giving control of the gas interests in Palmyra, Riverton. Riverside,
;
Officers— President, Wm. S. Scull; Secretary, Samuel T. Corliss^
Treasurer, G. G. Browning.- V. 62, p. 682.
(2)
WEST JERSEY TRACTION CO.—
Owned by
track,
3192.
Camden & Suburban Ry. Stock, $65,000. Miles of
Franchise granted by city in 1894.— V. 62, p. 682.
the
CAMDEN
&
TRENTON
RAILWAY-TroUey.
Organization.— Incorporated Dec. 15, 1897, as the Monmouth
Traction Company; name changed as above on Octot^er 30. 1899.
Owns 395 out of 400 shares (par $50) of the capital stock of the Cmnaminson Electric Light. Power & Heating Co. of Riverton. N. J,,
which supplies the towns of Beverly, Delanco, Klver.side. Riverton
and Palmyra with light. Also owns 1.362 shares (par $10) out of
1,6C0 shares of the capital stock of the B)rdentown Electric Lights
Motor Co., which supplies light to BordfUtuwn and vicinity. The
bonds below, besides being secured by mortgage on the road between
Camden and Trenton, are further secured by a deposit of the holdings
of the stock of these two com{)anie8. On Jan. 10, 1902. the stock and
the tlrst mortgage bonds were listed on the Philadelphia Stock Exchange. In Feb., 1902, the par value of shares was changed from $100
V. 74, p. 150, 679.
Dale,
&. Bonds—
Stock, lull paid ($10)
to $10.
Stock
interest.
5gMN
)
1899
g., !t;7.50,000
($."^00 and $1,000)0* 5 Int. at Provident
1901 5 g.
Istg'n'lM., $1,7.50,000 >
1st M.
Outstanding.
$1,750,000
686.000
Life
& Tr.
Maturity.
^'ov. 1,
1929
Co.,Phila., trustee.
July 1, 1931
$400,000
JJ
$500 and $1,000 g .. 5 Int at Providence I-lfe &Tr. Co., Phlla, trustee.
Bonds— Ot the $750,000 bonds, $40,000 are reserved (uncertified)
to retire like amount of bonds of the (Mnnamiuson Eleo. Light <fc
Power Co. due April 1, 1914, and $24,000 are reserved tor extensions.
Of the $1,750,000 issue, $"50,OiiO are reserved to retire above outstanding prior lieus and $600,000 are held tor extensions at not exceeding .$40,000 per mile in Tren' on and t amden and not exceeding
$2 .000 per mile outside those cities.
Road— lu Feb., 1903, was operating the electric-light plants and 31
miles of road between Trenton and Riverton (where connection is
made with Camden & Suburban Ry. tracks). By a contract which
this company ban with the Camden & Suburban, its cars run direct
to the Philadelphia Ferry at Market and Federal streets, Camden.
Connects w th tiie Trenton & New Brunswick at rentou, whii h lat er
road connects with the North Jersey Street Ry. direct to Jersey City
and New Yorn.
OFt ice RS— President, H. V. Massey, Philadelphia; Sec'y and Treas.,
I
M B. Perk ms, Beverly, N. J. Principal ottice, Kiverside, N. J.; Philadelphia oHice, Drexel Building.— V. 70, p. 279; V. 73, p. 956; V. 74,
p. 150, 679.
CANANDAIGUA,
N. Y.
ONTARIO LIGHT & TRACTION.-
Organization— Organized on June 11. 1900 as succes.sor to the
Canandalgua Electric Ught & RR., ^old at f- reclosuro April 21, 19 0.
Owns and operates an electric-light plant and 3 miles of street road,
and owns majority of stoch of tho Cauandaigua Gas Light Co. Stock.
Funded debt, $37,785. Prest.. Treas. and Supt., J. H.
$;jO,000.
Pardee; Sec, H. B Fergison; 00th of canandaigua. Earuings year
ending June 30, 1902. gross, $6,831; net, $845; charges, $266.
CANTON,
O.
WAY. A
CANTON-AKRON RAIL1901.
lu
ORGANiZAT'ON~Tncorpoi;ited
Cauton-Massillon Electric Ry.
iu Fob.,
trolley road.
1902 acquired the
Operates cars to the centre of Akron
STREET RAILWAYS.
over the linea of the Northern Ohio Traction. Franchises expire in
1925 and 19'^ 6.
Dale. Interett. Outufandina. Maturity.
Stock & Bonds—
Common, $1,000,000 ($100)
$1,000,000
600,000 Jan '03. 39b
Pref. 6% n.cu. $600,000 (*100)
M-S
750,000 Mar.1,1922
Canton Akron 1st mortgage S 1902 5 g.
$2,000,000, g., ($1,000). cWInt. at KnickerbockerTr. Co., N.Y., Trust.
l^"" ^ g. M-N
850,000 May 1, 1920
PBiitoT, Ma^sillon 1st niort
Interest at Cleveland Trust Co., trustee,
s^^nn
n^n„^«inn^,
($1,UUU)..
$l.U<JO,UUU, g.,
jjj. j^^ Standard Trust Co., New York.
)
Bonds Ofthe $2,000,000 Canton-Akroa bonds, $850,000 are reserved
to retire the Cantou-MassUlou bonds and $400,000 for extensions and
Improvements at not exceeding % of coat. Neither issue is subject to
N
<i
.
call.
Road Operates 22 miles of track from Canton to Akron (completed
May, 1902); 8 miles from Canton to Massillou; 5 miles from Massillon
to Navarre and 16 mUes in the cities; total, 51 miles. An extension
from Navarre to New Philadelphia is being built by a separate corporation tailed the Canton-New hhiiartelphia Ry. Co. This line in February. 1903, was about half conapleted. Track, standard gauge. Rails,
73-lb. girder, 56, 60 and 70-lb. T.
Officeos President, Wm. H. Hoover, New Berlin, C; Secretary,
Chauncey Eldridge, Boston; Treasurer, Philip L. Saltonstall, 53 State
Street, Boston.- V. 74. p. 1088, 1307; V. 75. p. 1353.
Organization— Incorporated in Oblo and is a consolidation in December, 1902, of the Alliance Electric Ry. and the Stark Electric Ky.
—
Oiifstand'g.
Maturity.
Date. Interest.
Stock
Bonds
$7.S".00O
Stock. $1,000,000, $100
750,0iiO
5 g. J D
.Jan. 1,1928
Ist M. *1 ,000,000 gold) 1903
c. Slnt. at Savings &Tr. Co. .Cleveland, Trustee.
($1,000) p. f
Bo»rf«— $250,000 are reserved for extensions and equipment. Can
be called alter 5 years at lo5
Road— Operates 25 miles of track from Canton to Sebrlng, including
AUian e Cii y liiies. Standard gauge. 65 and 67 lb. girder and T rails.
An extension from Sebrlng to Salem is proposed.
Officers— President. C. R Morlev; Vlce-Pres.. D-ivid Morison; Sec,
E. S. Cook; Treas., E. Wiebtnson: Supt., W. J. Berry.
CAPE MAY,
N.
J.
CAPE MAY DELAAAAARE BAY & SEAVELL S
POINT ELECTRIC RAILWA Y-A noUey road.
Organization- A consolidation
Stock
&
Bonds—
Date,
operated only
The road
In 1901 control passed to
in 1892.
from May 15 to Sept. 15 of each year.
the Reading Company.
is
interest. Outstanding.
Maturity.
Stock paid in (par $50)
let mort. ($150,000;... cur.
$150,000
1893 (text) F-A
150,000 Feb. 1, 1923
Interest was reduced to 5 per cent for 5 years from Feb 1,1896.
in 1894 and 1895 bvit one interest payment was made by mutual consent of bondholders. Trustee is N. J. Trust & S. D. Co., Camden. N. J.
Road— Operates 7^ miles of track in city of Cape May and extending
to Cape May Point and SeweU's Point.
Earnings— For vear ending Dec. 31. 1901, gross, $14,160; expenses,
$61,074; detlclt, $46,914— V. 72, p. 532.
CEDAR RAPIDS, lO^VA.
CEDAR RAPIDS & MARION CITY RY.&
Stock
Stock
Bonds—
Miles. Date. Interest. Outstand'g.
Maturity.
$316,000
1891 5 J- J
165,000 July
1, 1931
IstM !t,^ou.uuo$i,uuuc.
$250 OOOSl 000c ^ 13-84
isiM.
^ j^^^ ^^ American Loan & Tr.. Trustee, Boston.
Road Owns road in operation 12-04 mUes in length, extending from
Cedar Rapids. Iowa, to Marion second track, 1-46 sidings, -34 total
of all. 13-84 miles. Rails 45 and 58-lb. T and girder.
Officers— President, P. E. Hall; Vice-President, Secretary and
—
;
;
Treasurer. John
S.
;
Ely.
ILL.
URBANA & CHAMPAIGN RAILAVAY GAS
& ELECTRIC CO.Mar 1, 1899. to a syndicate represented by
McKinley, of Champaign, who originally owned the road. Stock
increased in July. 1899. from $250,000 to $500,000.
Organization —a consolidation in 1897 of Urbana & Champaign
Electric St.. Cham. Elec. L. & P.. Cham. & U. Cias L. & Coke and West
End Park Co. Franchise in 1901 extended for twenty years.
This property was sold
B.
Stock
&
Bonds—
Date, interest. Outstand'g. Maturity.
Stock $500,000
U. & C. Ry. G. & E. M.. $250,000, S; s. f., $8,000 yr. June
1.1900andafter($1.000)
$500,000
5g. J-D 250,000 June 1, 1917
> Int. at 111. Tr. & Sav'gs Bank, Chicago,
trus., or at Chase Nat.Bk., N. Y. City.
)
1S97
c)
1^9^
$185,000 July 1.1929
5
^000"aum.K.^^."^^'!^..'.*!^^-°\1
Of the new issue of' $500,000, $250,000 are reserved to retire first
bonds, and $65,000 set aside for future needs.
Road -Operates 9 miles of track in and between Champaign and
Urbana.— V. 69, p. 232.
Officers.— I*rP8ident and Mgr., W. B. McKinley, Champaism, 111.;
Vice-Pres., Geo. F. Duncan, Portland, Me.; Secy, and Treas., Edward
Woodman, Portland. Me.
CHARLESTON,
CHARLESTON CONSOLIDATED RY GAS
Organization— Organized February
21, 1899. as a consolidation ot
Ry. and Charleston & Seashore RR. under Special
Act of Soutii Carolina Legislature, granting a perpetual charter and
gas and electric-light powers. Also owns the capital stock of the
Charleston Gas [Aaht o. ($^98,150), and the Charleston Edison Light
& Power Co. ($100. "00). and thus controls the whole held of light and
transportation in Charlesion. In Apiil, 1899. bouglit for $25,000 the
capital stock of the Mount Pleasant
Sullivan's Island Ferryf^o.
and for $4,000 the franchise of the Middle Street and Sullivan's Island
Railway. The followmg are the onlj securities on the i)roperty.
Date, interest. Outstand'g.
Maturity.
Stock
Bonds—
Stock, $1.50(),00>', par $.50
$1,500,000
Charleston City 1st mort.
($i..00O). $850,000. g'd c. 1898 5 g. J-J
816,000 Jan. 1, 1923
f 'itA
&
&
Tax
Mercantile Tr. &Dep. Co., Bait., trustee.
Consol. M., g..*2,.500.000, S 1899 5 g. M-S
1.684.000 Mir. 1, 199R
coupon' ($1 000)
Int. at Bait. Trust & Guar. Co.. Trustee.
Holders can also collect coupons from consols at Carolina Savings
Bank, (Charleston, if presented before the 10th of the montti.
Bonds— Of the consol. 58, .$850,000 were reserved to retire the
$850,000 City Ry. Ist 5s. of which $34,000 canceled under sinking
fund and consols issued to company in substitution. The remaining
$l.t.50.0(iO were taken by the Bait. Trust & Guar. Co., and sold by the
latter in Feb.. 1899.
free.
con8('ls.
latest FarninQS— For 12 months, Dec.
Gross.
Int, at
if
1 to Nov. 30;
Int. and taxes.
Net.
Surplus.
1901-02
$661,218
$281,648
$192,756
$88,892
190001
500,941
185.362
Earnings— Foryear ending Feb. 28, 1902. gross, $549,521; net. $215,185; charges. $153,437; sink, fund, etc.. $11,422; balance, surplus,
$50,326.
1901, gross. $487,524; net. $156,112.
Road, Etc.— "^wns 40 mUes of electric road, of which 30 mUes in
Charleston and 10 miles from Mt. Pleasant (connecting by ferry with
Charleston) to Sullivan's Island and Isle of Palms, a pleasure resort
on the Atlantic coast, including land at Isle of Palms, ferry, etc. The
company has consolidated all of its three power stations; both railway
systems and light and power division are being operated from same
stations, the seashore division having been connected by subm arine
m
cable.
Officers—President. PhUlp H. Gadsden. Charleston Managing Di
Samuel H Wilson. Charleston; Secretary and Auditor. P. J
Balaguer. Charleston; Treasurer. M. Triest, Charleston. Offices, No*
;
rector.
141 Meeting
V. 74, p. h29; V. 75, p. 1 33; V. 76. p. 3cO*
1901, the Charleston Consolidated Company exteiided its lines (with double track), l^^ miles,
to the entrance of the S.
Interstate and West India Exposition,
grounds, which was opened Dec. 1, 1901. All the stock of the Exposl
tion Traction Co., under charter of which extension was built, is
owned by the Consolidated Company.
St.,
Charleston.
EXPOSITION TRACTION CO.— In Mav,
CHARLOTTE,
CHARLOTTE
road.
PO\VER CO.-A ELECTRIC
trolley
N. C.
RY.,
LIGHT &
Organization- Successor to the Charlotte Street Railway, whose
amended in March. 1895, and name changed as above.
The road is operated by the Charlotte Consolidated Construction Co.,
which owns all the bonds.
Miles. Date, interest. Outstand'g.
Stock & Bonds—
Maturity.
charter was
Stock, par $50
$60,000 f.'p
Char. St. Ry. 1st M., gold ....1892 6g. J-J 100.000
Jan. 1, 1922
Interest at Mercantile Trust & Deposit Co. of Baltimore, Md., trustee.
The bonds are not subject to caU before maturity.
Road— Operates 6^2 miles of track and 20 cars.
Earnings— For calendar year 1901,
gross, $109,083; net, $27,985;.
and taxes. $16,905; surplus. $11,080.
Officers— President and Treasurer, E. D. Latta; Vice-President, E,
B. Springs; Sec'y, J. L. Chambers.- V. 64, p. 329, 384; V. 66, p. 384.
interest
CHATTANOOGA, TENN.
CHATTANOOGA ELECTRIC RAILWAY CO.
Organization- Successor, 1896, of Chatt. Electric Ry. foreclosed.
Date, interest. Outstand'g. Maturity.
Stock & Bonds—
Stock authorized, $645.000
Ist con. M., $625,000, gold.
not subiect to call
c*
2d mortgage $375,000 gold
$645,000
625,000 Jan. 1, 1919
at Maryland Tr. Co., Bait Trustee.
S Int.
1901 5g. A-O See text. July 1, 1921
}
c* s Int. at Chatt. Sav. Bank. Chatt., Trustee.
($1,000)
Bonds— ^one of the new 2d mort. bonds for $375 000 have been sold,
being used as collateral for advances. They are subject to call at any
time after 6 months from date of same, at par ana accrued interest.
V. 67. p. 1206
Road— Has 32 miles of track on 25 miles of street, besides an extension to Sherman Heights completed in July, 1902. A further extension
of 5 miles to Chickamauga National Park is proposed.
Officers.— President andTroHS.. J. H. Warner, Chattanooga; VicePres., Edwin Warner, Nashville; Sec, V. P. Wells, Chattanooga.—V.
>
5g
1898
J-J
,
67, p. 1206; V. 69, p. 78, 178; V. 72, p. 674; V. 73, p. 183, 1312.
RAPID TRANSIT OF CHATTANOOGA.-
Trolley
&
Water Co. of Philadelphia, whose officA. Richardson, President: J. H. Jctferis. Vice-Pres., and
A. R Perkins, Secretary and Treasurer, owns a controlling interest in
the stock
Organization.-Chartered in 1897 as the Chattanooga Rapid
Transit. In Jan., 1900, name changed to Rapid Transit Co. of Chattanooga.
Date, interest. Outstanding.
Stock
Bonds—
Maturity.
Stock. $350,000 (par $100)
$350,000
1st Moit., $300,000, gold < 1900 5 g. F-A
300,000 Feb. 1, i92'5
Inc. at Real Est. Trust Co., Phil., trustee.
($1,000 each)
c* I
Road.— Controls and operates (not including Chatt. & Lookout Mt.
and Northside Consolidated St. Ry.) 18 miles of railway. 4 It. s^ in.
gauge, atted with 60 lb. T and 90 lb. girder rails, giving direct service
from centre ot Chattanooga to National Cemetery, Highland Park.
Sherman Heights, East Lake, Rossville, Ga.,and Chickatuauga National Park, Ga.
Officers.— President, J. H. Jefferisof Phila.; Vice-President, Samuel
W. Divine of Ciiattauooga; Secretary and Treasurer, J. W. Pittock of
Phila.; General Manager, N. H. Broivn.— V. 70, p. 430.
ials are
H
&
( 1 )
NORTHSIDE CONSOLIDATED STREET RR.
Organized in 1901. ControUing interest
ways Light & Water Co.
is
held by the United Rail-
&
Date. Interest. Outstand'g.
Stock
Bonds—
Maturity.
Stick, $100,000
$100,000
1st mort.. $
0.000. gold.. 1900 5 g. A-O
110,000
19C0
Road— Owns and operates 7 miles of railwav. giving direct service
from the centre of Chattanooga to Hill City, Vallambrosa, Riverview,
golf grounds and North Chattanooga. Standard gauge.
1
S. C.
& ELECTt-iIC CO.
the Charleston
per cent dividend has been declared on the
fund of $10,000 per annum becomes operative on th&
The United Railways Light
CHAMPAIGN,
W.
Fund—After 6
stock, a sinking
C
STARK ELECTRIC RR.-A troUey road.
&
Sinking
21
(2)
LOOKOUT POINT INCLINE
CO.
Stock, *20,000. Bonds 6 p. c, J.- J., $45,000. Operates a cable
road 4 000 feet long to top of Lookout Mountain. St-jck is owned by
the United Kys. Lt.<& Water Co.
CHATTANOOGA & LOOKOUT
Electric.
MT.
RY-
Organization—The United Rys. Light & Water Co. of Philadelphia, Pa., owns a controlling interest in the stock.
Outstanding. Maturity.
Date. Interest.
Stock & Bonds —
Stock, $2.50,000
Ifitmorte-a^e
000
1st mortgaLe, <8250
$^oO,000.
M^Ol
5
g.
F -.\.
$2nO,000
250,000
j Estate Tr
^ ^^^ ^^^ j^^
Lookout hirline <£ Liila Lalce Ry
Stock, $65,000.
.
1st mortgage, 165.000.... 1897
6 J-J
—
..
Jan.. i926
Co., Phila., Trustee.
65,010
65.000
1947
Road.— Owns and operates
6 miles of tr.ack from Chattanooga to
St. Elmo, Lookout Mt., Alton Paik. Forrest Hill Cemeter.v and Mooncatn Junction. Extensions are under constr. ction. V. 72, p. 282, 77 0.
—
CHESTER, PA.
statement of Chester Traction will be found under "United Power
& Transportation" at end of Philadelphia.
STREET RAILWAYS.
2L
CHICAGO,
AURORA
by
be
—To
op- itited
Ei_GIN &
third rail.
ILL.
CHICAGO RAILAVAY.
syndicate, headed by M. J. MandelClweland, acquired the Aurora Wneaton & Chicago By.
(Incorporated in 1899) and later merged with it the Elgin & Chicago
Ky. Co and the Batavla & Eastern Ry. Co. The preferred stock Issued
In 1902 to provide for increased cost of road was purchased by W. E.
Hutton & Co Claude Ashbrook & Co. and the Cincinnati Trust Co.
Organization— In April,1901, a
baum &
Co. of
,
all of Cincinnati.
Out stand' J.
Maturity.
Stock &
$3,000,000
etock $f>,000.000. $100
1,500.000 Jan.'03,3%
Pref. fe"/i cum., $1,500,000
r 1
Q01
^s A -O
3,000,000 Apr. 15, '41
^
^^"^
l8tM. (13,000,000)$!, 000^ Am. Tr. & ^Havings Bank, Chicago. Trustee.
gold, can not be called. Interest payable in Chicago and New York
JBowds.— A sinking fund of $50,C 00 per annum CO aimenoes on April
15,1911.
Dividends—First dividend of 3 p. c on preferred stock was paid
Jan. 2. 1903.
!? Road -Will run froir. the terminus of the Metropolitan Elevated
road in ChlcagotoWheaton, with lines from Wheaton to Elgin, Batavia
and Aurora, 57 miles, making, with 26 miles double track, 83 miles of
track, "ortlon from Chicago to Aurora and Batavla was put in oper
atlon about Sept. 1, 1902. Portion between Wheaton and Elgin will
probably be completed about Apr. 1, 1903. Third rail, standard T, 100
lbs.; track rails, HO lbs
Officers— President, L. J. Wolf, Chicago; Vice President, M. H,
Wilson; Treasurer, M. J. Mandelbaum, 1019 Garfield B'ld'g, Cleveland, O.; Secretary and General Manager. Warren Bioknell. Oflace,
Chicago Title & Trust B'ld'g. Chicago. TU.-V. 72, p. 674, 721; V. 74, p.
325, 726, 1194; V. 75, p. 441, 610, 1353.
Bonds-
i'a'e-
JnUrest.
'
CALUMET ELECTRIC STREET RAIL-
"W A Y .— A trolley road.
to the National Bank of
iu liquidation, (which holds $483,500 of the stock and
$2,926,000 of the 58 of 1894) and a receiver was appointed. Edwin A.
Potter in March, 1900. succeeded the late Gen. McNulta as receiver.
The latter in April, 1899, received authority to issue $850,000 more
certitlcates, bearing 5 per cent interest, in part to pay off an indebtedness of .$368,200, the rest for improvements.
Date.
interest. Outstand'g. Last div., tie.
Bonds—
Stock
$500,000
Stock ($100) (see text)
Keceiver's certiticates
Receiver— In May, 1897, control passed
Illinois,
now
&
(authorized $850,000).
1899
5 p.
c.
569,000
6,000 Sept. 1, 1912
6 g. M-S
1st M., gold, red. at 110. 1892
2,931,000 Nov. 1, 1909
Cons. mort. ($3,000,000). 1894 5 g. M-N
Default— Interest due May 1, 1897, on 58 of 1894 was not paid.
f Road— Operates a road, mo.stly doubled- tracked, embracing in all 77
miles of track owned and 3 miles leased. This road connects with
gage, .$1,000; stock, $2,000. Both mortgages may he increased to any
imount desired for new property, not in excess of $40,000 per mile
for first mortgage.- V. 68, p. 231.
Earnings-—Calendar year 1901, gross, $99,256; operating expenses
$74, =i62; net, $24,694.
In 1900, gross, $94,118; operating expenses,
$-0,734; net, $13,384.
Road— In Feb. 1903, 35 miles of track were la operation— from
63d Street to Blue Island and Harvey.
Officers— President, Isaac L. Rice, New York; Vice-President,
Hoffman Atkinson, New York; Treasurer, J. S. Bache, New York;
Secretary and General Manager ;A. E. Da vies, Chicago, 111.— V. 67, p.
1002; V. 68, p. 231, V. 69, p. 1063 V. 70, p. 175, 739, 1194, 1248.
CHICAGO & MILWAUKEE ELECTRIC RR.
-A trolley road.
ORQANiZATiON—This company was successor by purchase on Dec.
Chicago & Milwaukee Electric Ruilvouy Co., which In
turn was successor to Bluff City Electric St. Ry
31, 1902, of the
Stock
&
Bonds—
Dale.
Outstand'g.
Maturity.
$2,000,000
O. & M. E. Ry. 1st
5g. J.-J.
1,000,000 July 1,1919
$1,500,000, g. ($1 fl89&
Int. at Standard Trust Co., N. Y.. & Clev. Tr. Co.
L^n.T^*nvi,T^d^vi Cleveland Trust Co. and Royal Trust. Co.,
at 105 and int.
5g.J,— J.
1,000,000 July 1,1922
C &M. E. Ra. IstM (1902
$.1,000,000, g. (fl,-^ Int. at Merchants' Loan & Trust Co.. Chicago,
000)
cc Tru tee, or Nat. Bank of Commerce, N. Y.
Bonrts—Oi the $5,000,000 B tiiroad Company bonds authorized. $1,000,000 are rr-served to retire a lik« amount of bonds of the Bailwag
Company, and the remaining *3, 000. 000 for extension? at 75 p. c. of
actual cost. Bonds are not oubject to call.
Or the Railwuu Company $1,500,000 bonds authorized, $500,000
are held in reserve and can be used only to cover 75 per cent of
the cost of extensions and improvements. V. 69, p. 178. Sinking fund
on those bonds of $50,000 pei year begins with July 1, 1910.
Yearly Earnings- Of the Railway Co. for calendar year 1902,
gross, $190,110; net. $110,746; interest, $50,000; sur., $60,746.
In
1901, gross, $171,172; net, $97,157.
Road— Length, 45 miles, not InoluUng extensions to Liberty ville and
other points now und^r construction. Entire line from Waukegan to
Evanston was opened in Aug., 1899. It connects fifteen suburban
towns, having an estimated population of 70,000, with Chicago. A
large portion of road is built on private right of way and between
Evanston and Lake Forest the road is double track. Ralls, 65 and
85 lb. See description of road in V. 67, p. 900.
Officers—President. A. C. Frost; Secretary and Treasurer, George
M. Seward. Ottice. 108 La Salle Street. Chicago.— V 67, p. 900; V. 69,
p. 129, 178, 384; V. 74, p. 204; V. 76, p. 157, 211.
Stock. $2,000,000.
Interest.
..
M
'
Cottage Grove Avenue Cable, Alley Elevated and Illinois Central, and
reaches South Chicago, Pullman, West PuUman, Auburn Park, Burn«lde and Manhattan Beach. 70, 83 and 85-lb. rails; 218 cars. Gen.
electric equipment. -V. 69, p. 1063.
CHICAGO CITY RY.—Cable and
ORQANIZATION—Inoorporatedin February, 1859, and has extensive
electric road.
surface road privileges in the south division of Chicago.
Last div., <6c.
Bonds— Date, interest. Outstanding.
Stock
text,Q-M,31 $18,000,000 Deo.30 '02.2i4%
Stk($100)$19,000.000
On Jan. 15, 1901, stockholders authorized $5,000,000 additional
stock, making total authorized issue $19,000,000; $4,500 000 of the
new stock was issued July 1, 1901 (the new stock was offered at par
to shareholders of record June 15, V. 72, p. 183), to retire on that day
stock outstanding being now $18,$4,619,500 outstanding bonds
000,000.
In view of reports that outside interests were seeking control, share
holders were a ked in Jan., 1903, to sign a preliminary protective
agr£emeLt. V. 76, p. 265.
Dividends—Usually 12 per cent, were lnl893,24percent; In 1894, 12
p.c; 1895,15p.c.;inl896,12p.c.; in 1897, 12 p. c; in 1898, 12 p. 0.; In
Id 1902, Mar. 31.
1899, 12 p. c; in 1900, 12 p. o. In 1901, 10^2 p.
2% p. c; June 30, 2^ p. c; Sept. 30, 214 p. c; Dec. 30, 2^ p. 0.
Road &C.— On Jan. 1. 1903. company operated 218-71 miles of
track, viz.: Cable road, 34% miles; electric, 183-96 miles. Equipment
Jan. 1,1903: Cable grip cars (open), 233; cable traU oars (closed,
281, and open, 261); electric cars (444 open and 634 closed); horse
cars (closed, 6, and open 7); cable mail cars, 4; electric maU cars, 4;
total passenger and mail cars, 1,874.
Annual Report—Fiscal year ends Dec. 31. Report for 1901 was in
V. 74, p. 426.
1901.
1900.
1902.
b^Tear ending Dec. 31$5,543,180
$5,900,271
Gross earnings
$6,413,182
3.655,002
3,869,173
4,336.504
Op. expen. and taxes
(65-94)
(67-61)
(6558)
P. c. op. ex. to earns
&
;
Neteamings
Interest on bonds
$2,076,678
$2,031,098
$1,888,178
....
$103,939
180,000
$207,877
$180,000
Depreciation
Dividends
(10ifl%)l,620,000(10i3%)l,620,000 (12%)1,575,000
$105,301
$127, ;59
$276,678
Balance, surplus
r Passengers carried in 1902 (iaoluding 55,793,562 transfers), 183,891,361; in 1901, 167, -276,723.
NET EARNINGS FOR 9 YEARS.
$1,831,658
$1,868,762 1896
$2,076,678 1899
1902
1,669.098
1,906.316 1895
2,031,098 1898
1901
1,425,934
1,907,534 1894
1,888.178 1897
1900
Officers— President David G. Hamilton; First Vice-President,
Joseph Lelter; 2d Vice President, Geo. T. Smith; General Manager,
Bobt. McCullochi Secretary and Auditor, C. N. Duffy; Treasurer, T. C.
Penlngton; Asst. Gen. Manager, Richard McCuUoeh.— V. 70, p. 174,
1095, 1149: V. 71, p. 602. 1012, 1219; V. 72, p. 136, 183. 240; V. 73,
p. 444; V. 74, p. 4-i6, 775, 1354; V. 75, p. 1085; V. 76, p. 2 Jo, 435.
.
CHICAGO ELECTRIC toTRACTION-TroUey.
Englewood & Chicago Electric
History —successor in Jan., 1808,
Ry., foreclosed per plan in V. 65, p. 728. On June 13, 1900, Charles
Henrotiii was appointed receiver on petition of the trustees of the Ist
mortgage of 1899, on which no interest has ever been paid. V. 70, p.
1194. Motive power was changed from storage battery to overhead
trolley in 1901. Receiver was authorized to issue certificates, and
about $200,000 have been Issued.
Date, interest.
New Securities—
Stock to be held 5 years )
Authorised.
Maturity.
$2 000 000
in voting trust
S
500,000 Jan. 1, 1929
J-J
>
1899
5g.
1st mort., subject to call
Manhattan Trust Co., N. Y., & J. Kean,tru8
at 105, gold (see te.Yt) 5
Consol. mort. incomes >
^ggg
2.000,000 Jan. 1,1929
5 ^.q
rOl; D y63,rH ............ )
The holders of each of the old flr.st mortgage bonds ($960,000)
recognized as valid received in exchange per $1,000 bond, if subsorl
•Ing $300 in cash First mortgage bonds, $300; consolidated mort'
:
'
CHICAGO GENERAL
RY.-An electric road.
Organization- Incorporated October 21, 1893, for 50 years. The
West & South Towns St. Ry. (formerly leased) was purchased in May,
1896, and consolidated.
On Sept. 7, 1899, Instituted 212-cent fares on its branch lines (selling
10 tickets for 25 cents), without transfer, however, to main line.
On April 14, 1900, President J. H. Witbe<k filed a bUl for the appointment of a receiver, and on the 17th Frank H. Sellers of
Chicago was appointed receiver. A reorganization committee con
sistiug of James P. Black, Lyman M. Paine and Glenn E. Plumb,
proposed that bondholders surrender one-half or more of their
bonds for cancellation, accepting double the amount in stock.
They were asked to deposit their bonds with the Real Estate Trust
Co. of New York. No definite progress, however, has been made
A stockholders' committee consisting of
with the reorganization.
Chas L. Bonney (General Counsel of the Company) and Wm. A. Goodman and Joseph P. Mahouey, all of Chicago, has been formed, as well
as two bondholders' committees, the one for the Chicago General
bonds consisting of E. M. Phelps, L. A. Goddard and J. S. Rimnells,
with the Merchants' L. & T. Co. of Chicago as depository, and the one
for the West & South Towns bonds consisting of Granger Farwell, H.
B. Davis and Arthur Heurtly, with the Northern Trust Co. of Chicago
as depository. V. 74, p. 41. 204.
Interest on the $1,438,000 of gen. mortgage 5s has been in default
since May, 1900, and on the West & South Towns 6s since Aug,, 1900.
Date, int., Etc. Outstand'g. Maturity, etc.
Bonds
Stock
&
—
$772,350
1895 5g.M-N
1,438,000 Nov. 1,1935
Gen. M., $3,000,000, g.)
Red.aft. 10 yrs.at 105 5 Trus. is Merchants' Loan & Tr. Co., Clilcago.
16 1892 6g. F-A
290,000 Aug., '02-12
W.&S.Town8,l8tM.,g...
The mortgage trustee Is the Northern Trust Company of Chicago.
Road— Owns 21 miles of track; extends from Wabash Ave. to 40th
Ave. on 22d St., also on 25th St.. Lawndale Ave., Kedzie Ave., Homan,
Ave. and Turoop St. Operates 20 oars.
Officers.—President, J. p. Black; Vice-President, Secretary and
Treasurer. C. L. Bonney.— V. 66. p. 183; V. 70. p. 739; 841, 894. 1290;
St'k,
$10,000,000(par$100)
V. 71, p. 340, 1219; V. 72, p. 338, 437; V. 74, p. 41, 20i.
CHICAGO & SOUTH SIDE RAPID TRANSIT
RR.— ("ALLEY ELEVATED")—SEE
SOUTH SIDE ELEVATED.
CHICAGO UNION TRACTION.-Cable and
electric.
Organization.-Incorporated in Illinois June 3, 1899, by the Elklus-Widener Whitney syndicate and purchased for $10,000,000 cash
the holdings of stock of Chas. T. Yerkes in the West Chicago and
North Chicago roads. These holdings consisted of $3,200,000 West
Chicago stock and $2,000,000 North Chicago stock. Subsequently the
two systems were leased, the West Chicago for a yearly rental equal to
6 per cent on the stock and the North Chicago for a rental equal to 12
per cent on the stock, the leases being dated June 1,1899. By a tripartite agreement entered into on the same date the Union Traction
Company's holdings of stock of the two roads are to remain in trust
with the Illinois Trust & Savings Bank of Chicago "for all time" as
security for the leases.— See V. 68, p. 1131.
On April 14. 1900, negotiations for the acquisition of the Chicago
Consolidated Traction were consummated. The Union Traction paid
$45 in bonds of the Chicago Consolidated Tr.tction bearing 4ifl p. 0. interest and guaranteed by Union Traction and $1 50 in cash for each
share of the Consolidated company's stock. It Is understood that
over $14,500,000 of the total issue of $15,000,000 stock of the Consolidated Traction has been turned over under this plan.— V.70, p. 791.
franchises.— Th&vn has been much contention as to the company's
franchises, and in June, 1901, company brought suit in the U. S.
Circuit Court to restrain the city from interfering with the West
Chicago and North Chicago roads. See V. 73, p. 31. Company claims
a99 year franchise under the act of 1865. -V. 7^, p. Ila7. In May,
1002, Court sustained on technical grounds the dem irrer of the city to
the bin. V. 74, p. 1037. Pi-rini.ssion granted to appeal to U. 8. Supreme
Court. V. 74, p. 1307. See also V. 75, p 1201, lor decision of Jud«6
Magruder of the Illinois Supreme Court in the transfer cases.
Protective Ootn mitten— A committee, with Walter G. Oakman as
Chairman, in Jan., 1903, asked shareholders of the Clilcago Union
Traction, the North Chicago St. RR. and tha West ChicaifO St. RR to
deposit their stock, with a view to coining to an agreement with the
city an 1 arrangiui; for a geu'-ral reor/aiiizatiou provMing for a large
expenditure o.' money. Time for deposits extended to March 2.
STREET RAILWAYS.
In the matter of the taxation of franchises, an important decision
bearing adversely on all Chicago corporatioQS was renderert bv the
llinoisSupremeCoiut in October, 1901. See V. 73,p. 90-i,H14: V.74,
p. 775, 1251.
Stock and Bonds.—The $12,000,000 preferred stock was subscribed for at par, a bonus of 50 per cent, however, being given in
commonstock.— V. 68, p. 1225. There was thus $2,000,000 cash left
after the payment of $10,000,000 to Mr. Yerkes, and this $2,000,000
was spent for improvements and extensions of the lines acquired.
In December, 1899, both issues of stock were listed oa the New Yoik
Stock Exchange. V. 69, p. 1299.
Divid's.
Date. Sate. Outstanding.
Stock, com., $20,000,000,
par$100
$20,000,000
Stock, pref. 5p.c., $12,000,12,000,000
Oct, 1900,li4%
000, par$100,cumulatlve
Dividends— Dividends of 114 p.o. were paid on preferred shares Oct.'
1899, and Jan., April, July and Oct., 1900. In Dec, 1900. it was decided temporarily to suspend dividends, and devote money to im-
No dividends since.
Road—Total mileage of lines operated Jan,
provements.
28913
West Chicago St
North Chicago 3t
1902:
Hone.
Total.
6-832
211074
940
91-080
431-519
7-772
18-120
175-329
75-020
181-170
Chicago Con. Traction
Grand total
1.
Electric.
able.
(Single track)... 47-033
181170
486324
Annual Report— For fiscal year ending June
ing Consolidated
J
30, 1902, not includ(See V. 75, p. 182.) For 1901 see V.
raotion lines.
73, p. 182.
EAR> ING8 AND EXPENSES—
Earnitigs—
Passengers
INCOME ACCOUNT.—
1901-02.
$7,801,076
19,779
4.264
$7,825,119
Mall,eto
Chartered cars
Total
Expenses
Maint. of way, etc
$274,576
Maint. of equipment...
4^^9,047
Couduct'g transporta'n 2." 94,000
General
1.003.096
Total
$4,570,719
Net earnings
$3,^54,100
—
1901-02.
$3,254,400
117.350
$3,371,750
Net earnings
Other income
Total
Deduct
—
Taxes
$614,417
Rentals*
2,884,ti80
Interest on loans, etc..
Premium on bonds pur-
chased
117,784
2,397
.$3,619,278
Total
$247,528
Deficit
After deducting income from stock and bonds owned.
Officers.— Chairman of the Board, Henry G. Foreman, Chicago;
President and Gen'l Manager, John M. Roach, Chicago; 1st Vice-Pres.,
R. A. C.Smith, New York; 2d Vice-President, Walter H. Wilson, Chicago; Secretary and Asst. Treasurer, Markham B. Orde; Treasurer,
Jam6s H. Eckels. V. 70. p. 791, 1095; V. 71, p. 28, 179,236. 1268,
1310; V.72.P 437, 722,775.1079. 1137; V. 73,p. 31, 182. 236; V. 74,
V. 75, p. 182, 184, 1031, 1086, 1201; V. 76,
p. 775, 1037, 1251, 1307
p. 157, Sll,4o5.
*
;
CHICAGO CONSOLIDATED TRACTION.— Electric roads.
April 14, 1900, the directors of this company authorized agreement for the absorption of the company by ihe Chicago Union Traction. The latter company paid $45 in Chicago Consolidated Traction
bonds, guaranteed by the Chicago Union Traction, and $1 50 in cash
for each $100 of stock.- V. 70, p. 791. Sutro Bros. & Co. of New York
sought to have the arrangement declared Invalid, but Judge Gibbons, at
Chicago ou Apr. 17, 1901, refused to grant an Injunction. Suit finally
settled out of court. V. 75, p. 1030; V. 7 2, p. 775.
ORQANIZATION-The Chicago Consolidated Traction was organized
In Feb., 1899, to unite the suburban lines of North Chicago and West
Chicago. It acquired the stock of the following mads (V. 68, p. 769).
Stock
^Trac. Stk.Iss. Therefor.-.
Outstand'g.
Hate.
Amount.
(1)
On
Name.
Chicago Electric Transit
North Chicago Electric
Chicago North Shore St. Ry
North Side Electric
$
o/^
?50
175
Leased to North Chicago
1,500,000
200
1,000,000
50
1,500,000
2,000,000
$
3,750,000
3,500,000
Electric.
3,000,000
500,000
& Proviso.
2,500,000
62
1,550,000
Ogden Street Railway
.'S5
2,000,000
1,100,000
Chic. & Jefferson Urban Transit 2.000.000
1,100.000
55
12,500,000
14.500,000
In addition, $500,000 of Chicago ConsoUdated Traction stock was
sold for cash, making with the foregoing the full total of $15,000,000
stock outstanding. Stock is listed on the New York Stock Exchange.
Date, interest.
Stock
Bonds—
Outstand'g
Maturity.
Stock, $15.000,000
'..
$15,000,000
New Ist mortgage gold J 1899 4i« J-D
6,750,000 Deo.l, 1939
$6,750,000
lint, at Equitable Tr. Co., Chicago, Trustee,
The new bonds for $6,750,000 are guaranteed, principal and Interest,
by the Chicago Union Traction. The Chicago Consolidated Traction
when it was organized assumed the bonds of the constituent companies
(which it agreed to guarantee) and also the lease of the Chicago North
Shore Street Railway under which 6 per cent dividends are paid on
the $650,000 stock of the latter. The statement to the New York
Stock Exchange under date of March 27, 1899, showed that the mortfage Indebtedness of the constituent companies tssumed aggregated
6.085,0( 0. including the $650,000 stock of the Chicago North Shore
Street Railway. Below is the debt of the constituent companies In
detail. By the terms of the several trust deeds of these mortgages, no
additional bonds can be Issued except for construction, and then for
only 75 per cent of the actual expenditure therefor.
Evanston Electric
Cicero
&
Obligations of Subsidiary Companies.
CHICAGO ELECTRIC TRANSIT.
Bonds—
Date. Int'st. Outstandng. Maturity.
IstM., guar., no option ($1,000) 1894 6 F-A $1,097,000 Aug. 1, 1914
Interest is payable at office of trustee, the Illinois Tr. & Savings Bank.
This mortgage provides for the issue of $2,000,000 bonds at
not exceeding the cost of improvements, extensions, etc., and for
additional bonds at not above 75 per cent such cost. Of the $1,097,000
Issued, $842,000 are guaranteed by the West Chicago Street RR. and
$255,000 by the North Chicago Street RR.
CHICAGO A JEFFERSON URBAN TRANSIT.
Date. Interest. Outstanding.
Maturity,
, ^ ,,
l8t»I.,guar. p.andl.,West)1895
6M-N
$208,000 Nov. 1, 1915
Chic. St. Ry., see text... J Interest at Chicago office.
The first mortgage is for $2,000,000, but additional bonds may be
issued for extensions, etc. Trustee, Illinois Trust & Savings Bank.
CICEKO A proviso STREET RAILWAY.
_
.
Interest.
MAN
Ist mortgage, 1889.. .A...
6
Interest on 1st mortgage at Farmers'
Outstanding.
Maturity.
Nov.l, 1904
$84,000
Loan & Trust Co., N. Y. City.
May 1, 1915
$1,908,000
189t f . $l,oEb?^'° W' 1 5g.M & N
Chic. St! R'way, end....' P'l^'s* ^^ 111- Trust & SaVgs Bank, trustee.
$92,000 consols of 1895 are reserved to retire the $78,000 remaining
outstanding firsts; and $500,000 lor improvements at not exceeding
75 per cent of cost.
23
OGDEN STREET RAILWAY.
Ist
M ($1,500,000)....
Date.
)
Outstanding.
Ivteri'si.
1896
6
MN
Maturity'
May 1. 1916
$750,000
Trust & Savings Bank.
gu.pAl.W. hie, end. i Trustee is Illinois
Thesuppleiuenral mortgatre. executed Jan. 22, 1898, limits the issue
of bonds to $1,500,000. Additional 1st 6s can be issued only for 75
per cent of the cost of new construction.
EVANSTON ELECTRIC.
Interest.
Maturity.
Outstanding.
Date.
6 F. & A.
Aug. 1, 191S
$130,000
Mort. for $1,000.000
Guar, by North Chicago Street Railway.
currency
s
north SIDE ELECTRIC STREET RAILWAY.
Interest. Outstanding.
Maturity.
Date.
6M-N
*155,000 Nov. 1, 1915
1st M. cur., gu. p. & i. ) 1895
(end.) by No.Ch.St.RR. s Trusted, Illinois Trust & Savings Bk., Chicago.
Interest Is payable at Chicago office or the fiscal agency. The first
mortgage provides for the issue up to $1,500,000 at not exceeding the
cost of construction; further bonds can be issued at 75 per cent of
cost of extensions and Improvements. (See guarantee V. 62, p. 414.)
north CHICAGO ELECTRIC RAILWAY.
<
Date. Interest. Outstand'g. Maturity.
1st M., $1,000,000 ($1,000;
IS^-*
$868,000 Aug. 1, 1914
^
not subieet to call) eu ^'
n
Int. at Illinois Trust (trustee), Chicago.
...'
5
^F-A
ALend? ...
The bonds are'guaranteed, $688,000 by North Chicago, $180,000
by-
West Chicago Street RR.
CHICAGO <& NORTH SHORE STREET RAILWAY.
Date. Interest.
Outstand'g.
Maturity.
Capital stock,6p.c.guar
6 Q.— J. $650,000
1894
6g. A-O
Apr. 1, 1912
Ist M., $1,500,000, g., )
675,000
Sub), to call at 105 any Apr. 1 after 1905
guar. p. & 1. (end).e* S
The bonds, guaranteed by endorsement by the North Chicago Electric
Railway, and the stock guaranteed 6 per cent per annum by the same
company, are listed on the Chicago Stock Exchange.
Interest is paid in New York by Chase Nat. Bank and in CJhicago at
Illinois Trust & Savings Bank, Trustee.
Earnings. —Earnings of Chic. Consol. not repoited, but In arguing:
before the Board of Review the company's attorney stated that from
date of organization to June 1, 1901, the company had failed to earn
its fixed charges by *386,000. Earnings of the constltutent companies for the year ending Deo. 31, 1898, were reported as follows:
Gross, $1,026,780; net, $406,292; fixed charges, $337,458; balance,
surplus, $68,834. In a statement filed with Master In Chancery, earnings for calendar year 1900 were reported $1,041,284 gross and$273,101 net, with 133,664 to deduct for taxes.
RoAD-- The property embraced in the constituent companies consists of 18117 miles of single track electric street railway, located inthe City of Chicago, the township of Cicero, and the City of Evanston,
The lines extend over the entire north, northwest,
all in Cook County.
west and southwest sections of the City of Chicago and connect at
their respective terminal points with the lines of the North and West
Chicago Street RR. systems, over which passengers are carried originating on the lines of the Consolidated Traction and vice versa.
Rails are Johnston- girder, 75 to 85 lbs.; gauge 4 ft. 8I3 in.
Equipment.—Motor cars, 269; trailer cars, 62; motor equipment 208-.
Officers and Directors.— President, John M. Roach; Vlce-Presdent, Edwin S. HarwfU; Secretary and Treasurer, C. F. Marlow.
Transfer and Oenerat Offices 54 Wall Street, New York, and 444 North
Clark Street, Chicago.— V. 68, p. 86, 330, 472. 722, 769, 976, 1147 , 1247.
1299. 1.300, 1345; V. 70, p. 39, 429, 791, 10j8; V. 71, p. 28, 181; V. 72,
p. 775; V. 75, p. 1030.
—
(2)
NORTH CHICAGO STREET RAILROAD.
of Illinois in 1886 " to
construct, lease, purchase, or otherwise acquire horse, dummy and
street railroads in Chicago and Cook County, Illinois." It controls the
surface street railroad system in the North division of the city of Chicago, through the purchase in 1886 of 2,501 shares out of a total of
5,000 shares capital stock of the North Chicago City Railway Co., said
road being leased for 999 years from 1886. Franchise 99 years from
Feb., 1865. Annual payment to city for electrical franchise, $25,000;
car license, $50 per car per annum, 13 trips per day to a car.
In February, 1899, aU the suburban leased lines of the North Chicago
and West Chicago systems were united under the name of the Cliicago
Consolidated Traction, which see above.
In June, 1899, the North Chicago was leased to the Chicago Union
Traction for a yearly rental equal to 12 per tent on the stock. V. 68,
p. 1131.
Date.
interest.
Outst'ding. Lastdiv.<£c.
Stock AND Bonds—
Stock ($10,000,000) ($100) ....
Q.—J $7,920,000 12% per year.
1st mortgage ($500), &c.) 1886
1906-9-165 J- J
3,171,000
See text. Currency
5 Fidelity Trust Co., Philadelphia, Trustee.
Consol, re'- mtg for $4,- >
^. ^
i,6i4,000 Apr. 1, 1931
800,000 gold ($1,C00^''[ ^^q^ ^^^
Northern
Trust
Co. of Chicago, trustee.
Series A
c*)
N. C. City Ry. Co. stock.
30
-J
See text. 30% per year.
1st mort., our'cy($1.000>. 1880
4
J
500,000 July 1,1927
2d M. ($2,500,000) cur.
1887 412 M-N
2,500,000
Nov.l,192r
Trustee,
Organization- Incorporated under the laws
•
111. Tr.& S.Bk.
Stock of N. Chi. City Ry. Co. not owned by N. Chi. St. RR. Co., $249,900 (par, $100), receives an annual rental of $30 per share. North
Chicago City stock for $250,100 is owned by North Chicago Street RR.
Bo7ids.— Under the North Chicago Street RR. ist mortgage the
following bonds have been issued: Dated July, 1886, due 1906, $1,500,000; July, 1889, due 1909, $1,250,000; Jan., 1896, due 1916,
$421,000. The North Chicago City Ry. 1st mortgage for $500,000
was originally a 6 per cent issue, but when bonds fell due July 1,
1 900, they were extended for27 yearsat 4 per cent. See V. 70, p. 1 195.
Under the consol. and ref. mtg. the company covenants not to issue
any more bonds under this mortgage.
Of the $4,800,000 consol. and ref. bonds of 1901, $1,614,000 "Series
A" were issued to retire the old 6 p. c. debenture certfs., $3,171,000
are reserved to take up the first mortgage 5s due in 1906, 1909 and
1916, and $15,000 to pay off a mtg. on Dearborn Street property.
Has guaranteed $649,000 North Chicago Electric Ry. and $255,000
Chicago Electric Transit bonds; also North Side Electric St. Ry.,
$155,000 bonds, and Evanston Electric Ry., $130,000 bonds.
Siocfc- Outstanding stock is $7,920,000, of which $5,920,000 is held
by the public and $2,000,000 in trust as above. V. 66, p. 761, 811;
V. 70, p. 46, 1195.
Dividends. U893. 1894. 1895. 1896. 1897. 1898. 1899. 1900. 1901.
12
12
12
12
percent. 5 12
12
12 Below. 12
In 1896, 12 p. 0. In cash, and 20 p. c. extra (10 p. 0. in stock and 10
p. c. In 6 p.o. certificates of indebtedness).
Road—
Cable
Horse
Miles.
Miles.
1812
Electric trolley
75-02
-94
Total track operated
94-08
Annual Report—Now operated by Chicago Union Traction and no
separate report made A report by Engineer Arnold to the City Coun-
Transportation Committee In Jan.. 1903, showed gross passenger
earnings for year ended Jime 30, 1902, as $2,840,354. Report for
cil
1898 was in V. 68. p. 127.
Officers.— President, John A. Rose, Chicago
E
Smith;
F. Keet^an, Chicago; Secretary. F.
V. 70, p. 946. 1195; V. 72, p. 242, 722.
Vice-President, H.
Treasurer, M. B. Orde.—
;
STREET RAILWAYS
24
(3)
WEST CHICAGO STREET RR.—
Organization— Incorporated July 19, 1887 under laws of Illmois.
Leases.— Control of tlie OM. W. Biv. Ry. (96 miles track) was ao
quired tlirouijh purcuaae of a majority of its shares (6,251) of capital
and the road leased for 999 years from Oct. 20, 1887, at an
annual rental of $35 per share, the jtrmclpal and interest of its bonds
belngassumed— see V. 65, p. 281. Of the Chicago Passenger Ry. 0<>.
(34 milestrack) stock, the Chi. W.Div.Ry Co. owns amajoriry(.*730,100),
and the road was leased March 15. 1889; lease extended in 1897 for 50
years to the West Chicago Street RR. The West Chicago St. RR. Co.
agrees to pay 5 per cent a year on capital stock of the Passenger Ry.
Co. and to guarantee its fixed charges. The West Cliicago formerly
leased Cicero ik Proviso St. Ry. and Ogden St. Ry., but these roads have
now passed to the Chicago Consolidated Traction.
In Feb., 1899, all the suburban leased lines of the North Chicago and
West Chicago sj'stems were acquired by the Chicago Consolidated
Traction, which see above. V. 68, p. 86, 769, 195.
In June, 1899, the West Chicago was leased to the Chicago Union
Traction for a yearly rental equal to 6 per cent on the stock. V. 68,
p. 1131.
Date.
Interest. Ontsfand'g. Lastdiv.,<£c.
Stock
Bonds—
Q.-F. $13,189,000 6%peryear.
Stock,$20,000,000 ($100). text.
3,864,00(.i May
Ist mortgage, $4,100,5 1888 5
M.-N.
1,1928
c ( Trustee, Illinios Tr. & Sav'gs Bank, Chicairo.
000, $1,000, 8. f
J. D.
497,000 Deo. 1, 1914
p* 5 1894 6
Debentures $1000
Debentures,
*i,ooo....c
j guiygct to call at par after 1899.
Consol. M., $12,500,000g. < 1896 5g. M.-N.
6,136,000 Nov. 1, 1936
c* ( Trustee, Cent. Tr. Co., IS. Y. & O. Sherman.
($1,000 each)
Subsidiary lines
W.Ch.St.RR.Tun.Co.lst< 1889 5 F. -A. $1,500,000 Feb. 1, 1909
guar. p. & i
end. c. \ Trustee, Illinois Tr. & Sav'gs Bank, Chicago.
Power house mortgages. 1888-9 5 p. c.
1928-9
1S4,000
CM. W. D. Ry. Co. st'k 100
$35 Q.-J. so See text. 35% per year.
Istmort. 412S, ($l,i00).. 1892 412J.-J.
4,016,000 July 1, 1932
Chic. Pass. Ry. Co. stock
5
1,340,300 5% per year.
Ist mortgage, cur
1885 6
F.-A.
400,000 Aug. 1, 1903
Consols. $2,000,00C cur- < 1896 5
J.-D.
1,600.000 Dec. 1, 1936
rency
Trustee, Equitable Trust Co., Chicago.
<
stock,
1
&
—
Interest is payable at
company's
office.
rescinded;
Chicago West Divisioii Slock is $1,250,000, of which $625,100 is owned
by the West Chicago Street Co., the remainder ($624,900) being guaranteed 35 per cent yearly under the lease. Chicago fasscnger liailicay
stock $2,000,000, having been increased from $1,000,000 in 1896,
but only $1,340,300 stock has been issued. The West Chicago St. RR
Co. guarantees under operating contract 5 p. c. on stock, of which
$730,000 is owned by West Chicago.
General Finances.— Application dated June 29, 1897, for listing
the stock and bonds on the N. Y. Stock Exchange was given in full in
V. 65, p. 281, including general balance sheet or June, 1897, and detailed information regarding the leases and finances of the company.
Dividends— ? 1889. 1890. 1891. 1892. 1893. 1894. 1895 to Feb 15,'03
7H
9
9
6 per ann.
miles track, operated as follows:
Cable, 28*91 miles; electricity 17i-33 miles; horses, 6*83 miles.
Annual Report.—No separate reports now. Engineer Aroold in
his report to the City Council Transportation Committee in January,
1903, made the gross passenger earnings for year ended June 30,
1902, as $4,966,491.
Officers.— President, John A. Rose, Chicago; Vice-President, H. F.
Keegan, Chicago; Secretary, F. E. Smith; Treasurer, M. B. Orde.—V.
69, p. 78; V. 70, p. 634; V. 72, p. 675, 1079.
5
5
5
Road.—Owns and
leases
6
21107
.
GENERAL ELECTRIC RAILWAY.
Organization- On January,
18, 1896, obtained a twenty-year franchise for a system of Hues from the Dearborn Station, south on Plymouth
and custom House Places, and Dearborn Street to 22d >t., connecting
at 18th St. with the Chicago Union Traction Co.; at Archer Ave. with
the Chicago City Ry., and at 22d St. with the Cbicago General Ry..
and in February, 1897, additional franchises were granted, which,
together with the first-named, cover 56 miles of track. Is in operation from Dearborn Station south to Twenty-second St., embracing
2 »fl miles of single track. The company agrees to pay the city 5 p. o. of
gross for second five years of franchise, 7^2 p. 0. for third tlve years
and 10 per cent tor last live years.
interest.
Outstanding.
Maturity.
Stocks
Bonds— Date.
Stock, $5.(iOO,oOO
$5,000 000
Ist M., gold
1S96
5g. A-O
abt. 500,000
Oct., 1916
Mortgage authorizes a first issue of $3,000,000, then $2,000,000 for
extensions, and additional amounts at 85 per cent of cost of still
further extensions and improvements. Trustees, Title Guarantee &
Trust Co. of Cliicago and State Trust Co. (now Morton Trust) of New
York.—V. 66, p. 1188.
Officers— President, J. D. R. Baldwin, New York City; Vice-Pres't,
Ferdinand Goss, Chicago; Secretary andiTreasurer, Jos. D. Goodman, Chicago. Office. 315 Dearborn Street, Chicago.J
&
LAKE
ST.
ELEVATED
RR.-An elevated road.
Reorgayiizati-oi fioiiimit'ee.—On Jan. 29, 1903, Messrs. D. R. Forgan,
H. N. HigiDbotliHm. 11. A. Haugan, Cory K. Robinson and Thos. Templeton were appoinie a committee to prepare a new reorganization
plan. V. 76, p. 331,382,435. For demands of Income bondholders
see V. 76, p. 435.
Organization- Chartered August 24, 1892. The Ziegler bonds having been acquired and the scaling arrangement carried out, the old
bonds have been re-l8su"d as provided under plan of February, 1895
(in V. 60, p. 391). The voting trust likewise has been dissolved.
The
new management took charge Feb. 27, 1901. On Jan. 28, 1901, the
shareholders authorized the purchaie of the Chicago & Harljm Ry.,
the consideration being $1,275,000 Ist iiiortg.)ge 5 per cent bonds;
this includes the $218,000 bonds of the Chicago <fe Harlem, which are
to be retired. With the » 1,275.000. the Lake St. Elev. Ists outstanding
will be $5,860,000. In Nov., 1902, issued $130,000
c. car trusts.
As 10 liability of elevated roads for damages to adjoining property,
see V. 70. p. 430.
Outstand'g. Maturity, etc.
Bate. Interest.
Stock dk Bonds—
.
5p
Stock, par $100
.
1902.
Gross
Oper.exp
1901.
$815,284 $786,462
430,292 38fc,799
1902.
Taxes
$24,23=i
Int. charges.. .301, 520
Loop rent'l&c. 86,152
1901.
$16,624
291,865
82,970
Netrevenue....$3S4,992 $397,663 Deficit
$26,915 sur $6,204
Officers— President, Clarence A. Knight; Vice-Pres., W. W. Miller;
Sec'y and Treas'r, William V. Griffin, 11 1 Merchants' Loan & Trust
Building, Chicago. -V. 74, n. 151, 2»>5. 268. 1089, 1308, 1355; V. 75,
/
1087; V. 76,
p. 290,
p.
266, '331, 378, 382, 435.
LOOP ROAD.— See Union Elevated.
METROPOLITAN" V/EST SIDE ELEVATED
RAIL WAY—An electric road.
Organization -Organized in Illinois Jan. 16, 1899. Successor on
Feb. s, 1»99 (per plan in V. 67, p. 126) to the Railroad Co. sold under
foreclosure on Jan. 4, 1899.
Date, interest. Outstand'g.
Stock
Bonds—
Maturity, etc.
Com. stock (vot. trust)
$7,500,000
&
%tooo;oor:.""":?!^:.'?
-> 1898 4
Ist M «10
000 000 f<Rl
*l„V^"""'"""
<*1';
g.
FA
8,708,100 Feb. 28.-03,1^0^
9,808,000
Aug. 1, 1938
^Cent. Trust Co.,N. Y., andG. Sherman, trus.
SOU!
o
Int. at Central Trust, NT. Y. and Chicago.
^
1st M. Ext. $5,000,0001 1901 4 g. J-J
3,000,000
July 1, 1938
($1,000) gold, red. at [Northern Trust Co., Chicago, trustee. Int.
105 on any interest day
at company's office in Chicago, or Central
on 4 weeks notice.. c* J Trust Co., N. Y.
The title to the common stock is vested for five years (unless
In any one year during that period dividends of Ave per cent shall
have been paid on the preferred stock) in Frederic P. Olcott, Walter
G. Oakman and Samuel Thorne, as voting trustees, who shall vote
only lor directors receiving a majority vote of the preferred stock.
The voting trustees shall not vote to create any lien or charge upon or
for the lease or sale of the property of the company without the consent of a majority in amount of voting trust certiticates. V. 67, p. 789.
The new extension mtge. of 1901 covers the extensions as a firat lien,
also 46 cars, a 3,500 H. P. engine and the new down-town terminal in
process of construction; the bonds cover the rest of the property as a
second lien, subject to the *10,000,000 1st mtge. V. 75. p. 29. Amount
issued on present extensions, $3,000,000; reserved for future extensions, $2,000,000.
Has guaranteed $407,000 bonds of Union Consolidated Elevated.
In .March. 1900, the New York Stock Exchange listed the 1st mtge.
bonds and the common and preferred stock. V. 70, p. 737.
Road From the Board of Trade Building westerly about SH miles,
with branches; total length of road (including Douglas Park branch,
opened May, 1902, and Garflelrt Park Branch completed Sept. 1,
1902.) 17*13 miles; the Hrst 1-67 miles are four tracks, the rest two
tracks, making single track miles 37*60; also leases the Union Consolidated Elevated, 0*3» miles, making total ojierated 3798 miles
of track. Has joint lease with other elevated roads of the Union
Elevated or "Loop Line." Road began using loop in October, 1897.
The road is operated by electricity. See. V. 58, p. 866. Right of way
is largely owned in fee and mortgaged to secure the bonds; March 1,
1902, had 87 motor cars, 264 passenger cars and 10 other cars.
Gauge, 4 ft. 8^2 in. In Feb., 1903. work was commenced on anew
terminal to be located on Jackson Boulevard. V. 75, p. 1087.
Report— For fiscal years ending February 28:
1902.
1901.
1900.
Passengers carried
33,910,790
31,656,972
29,542,256
Passenger earnings
$1,695,243
$1,582,575
$1,477,113
Ml=cellaueous earnings
58,070
46,162
47,001
oooV'
yjv\j),
(
Bo7ids.—Ot the $12,500,000 consols under the mortgage of November, 1896, $3,864,000 can be issued only on retirement of an equal
amount of the outstanding first mortgage 5s, and $2,500,000 for improvements and extensions at 75 per cent of the cost thereof.
The mortgage covers 202*7 miles of track, including West Chicago
Street RR., 72'7 miles (owned); Chicago West Division Ry., 96 miles
<leased), and Chicago Pass. Ry., 34 miles (leased). See V. 64, p. 176,
333, 472. Chicago Pass.Ry. consol. 5s are reserved to retire the Ist 6s.
V. 6.=>, p. 235. I'he $497,000 of West Chicago debentures were on
March 27, 1901, called for payment June 1, 1901, but call afterward
per cent..
In June, 1902. notice was given that debentures must be exchanged
first mortgage bouds before July 1, 1902.
V. 74, p. 1308.
ROAD—Owns in Chicago a double-track elevated railway. Market
Street from Madison Street to Lake Street, theuce to 52d Ave being
6*92 miles, equal to 14 miles of single track; also owns from Wabash
and Lahe streets to Market and L,ahe streets, 3 6 miles. Connects
with Suburban RR. tar traffic outside the city. V. 65, p. 236. Trains
began runnmg around thf, loop in October, 1H97. Chicago <te Harlem
forms an extension comprising 4 miles more of double track. Total
single track, 2i miles.
Report— For years ending Dec. 31. Report for 1902. V. 76, p. 266.
for
$10,000,000
l8OI^$b,000,000,.gu.by-^
1893
5 j.j
4,627,000 July 1, 1928
Amer. Trust & Sav. Bank, Chic, and Equitable Trust, Chic, trustees.
Income bonds
1,02' ,050
Floating debt
2.089,138
Company in June, 1901, agreed to limit Issue of let mtgo. bonds
to $6,000,000, but more may be issued with the consent of ihe Northwestern Elevated. V. 73, p. 138.
.
—
Gross earnings
Operating expenses
$1,753,313
737,210
$1,628,737
703,906
$1,524,114
653,331
Net earnings
$1,016,103
4,640
$924,831
8,352
$870,783
10,021
$1,020,743
$933,183
$880,804
$202,122
149,335
392,320
$190,983
54,517
384,153
$180,451
50,819
378,320
Interest on balances
Total
Deduct—
Rentals..
Taxes
Interest
Miscellaneous
Dividends
Balance
37,s<76
49
1,100
(3%)261.243 (3i2%)304,783 (2i2%)225,000
def.$22,253
def.1,307
sur.$45,114
31, 1902: Gross,
Latest Earnings— For twtlve months ending Dec.
$1,932,686, against $1,678,706 in 1901.
Dividends.— First dlv. on pref. stock, 2>2 per cent, Feb. 28, 1900 (out
of earnings for Hscal year ending Feb. 28, 1900), and 2 p. c. Aug. 31,
1900. out of earnings for tlscal year ending Feb. 28, 1901, and l^a
Feb. 28, 1902, 1 p. c; Aug. 30,
p. c. Feb., 1901; Aug. 31, 1901, 2 p. c;
1902, Iki p. 0.; Feb. 28, 1903, l^a p. c.
Officers— President, Dickinson McAllister; Vice-Pres., See. and
Treas., George Higgiuson Jr. Office, 169 Jackson Boulevard, Chicago.— V.70. p. 228, 328. 633, 737,945; V. 71, p. 288; V. 72, p. 134,
339, 722, 936, 1080, 1 1 34; V. 74, p. 151, 327, 528, 577, 828, 1252; V.
75, p 29, 290, 1087.
RAILWAYNORTHERN ELECTRIC
Capital stock
1894
50
ORQANIZATION— Charterert
in
for
years.
la
$50,000. 1st mortgage bonds dated 1894, due June 1, 1914, $50,000;
trustee, CHiicago Title & Trust Co. Owns 5 miles of track from 56th
to 68th Streets on North Av-. Extension to Franklin Park planned.
In May, '99, a controllim' interestwas acquired|by parties identified
with the Aurora Elgin <& Chicago Ry.
Officers.— Pres't, L. J. Wolf; Sec, Q. W. McKlsson; Treasurer, Edward Moore.— V. 68, p. 1077.
ELEVATED RR.NORTHWESTERN
business on May
Road was formally opened
Organization—
1900.
for
31,
V. 70, p. 1049.
InHept, 1901, the Union Elevated RR. was acquired. The new
mortgage for $Z5,000,000 was authorized for this purpose. Authorized capital stock was increased to $25,000,000, to provide for the
convertible feature of the bonds.
Maturity,
Date, interest. Outstanding,
Stock and Bonds—
$5,000,000
Stock, $5,000,000
non-cum.
5,000,000
Pf.stock,5p.c.,$20,000,000.
Sept 1,1911
First refunding mortgage) 1901 4g M-S 14,000,000
$2.5,000,000, couv.(v'ol(l) > Interest at Illinois Trust & Savings Bank,
Co.. N. Y.
Chicago, trustee, orBlair
($1,000, .$D,000,$10,000) 3
&
.
STREET RAILWAYS.
& Batavla and Chica.JTO & Southwestern roads to
track, Austin, Kidgeland, OaK Park, etc., 24 miles of
Total track operated, 57-5 miles, all trolley except C. <te S. W.
Bonrf».— Of the new $25,000,000 M.. present lasue la $15,000,000, of
which $1 .000.000 remain in the treaoury available for iinprovem't8,<fec.,
Chicago Harlem
TliMnew'tonctrt are ct)uvertil)le at the option ol the holderin to preferred
stock, liiiA can l)e redeemed at any time at tl e option of the company
at 10212 and accrued interest on or after Sept. 1, 190{). If called
for redempt on, the holder will have the right even then to take preferred stock lu lieu of cash. V. 72, p. 1081.
Yoiing Trust.— Bot\i the common and preferred stocks have been deposited with the Illinois Trust & Savings Bank, depositary, under
voting trust agreement, vesting control of the company in the hands
of the voting trustees, consisting of John J. Mitchell, Marshall Field
and James A.. Blair, until March 1, 190.i. If at that time the full 5
track.
per cent dividend on the preferred stock has not been paid for three
consecutive years, the voting trust continues until dividends shall have
been paid for three consecutive years on such stock.
EARNINQS-Forvear ending Deo. 31,1902: Gross (including Loop,
net earnings), $1,410,998; net, $946,597; llxed charges, $640,399;
rentals, $116,773; surplus, $189,425.
Road—The road starts at the intersection of Wilson and Evanston
avenues, seven miles from the Court House, and has 5-52 miles of fourtrack, making 28 miles single-track. Bight of way is all owned in fee
except at street crossings.
Officers— President, Clarence Buckingham; Vice-President, Chas.
Counselman: Sec. and Trea8..W. V. Griffin. Directors.— Clarence Buck
Ingham. Charles F. Ayer, Clarence A. Knight, Charles Counselman.
W. W. Miller, John B.Dennis, of Blair & Co. and W. V. Griffin.- V. 70,
p. 39, 76, 125, 329. 382, 687. 946, 1049, 1150; V. 71, p. 135, 1068;
V. 72, p. 439, 1081; V. 73, p. 32.237,287, 841,957,1062, 1161,1208;
V. 74, p. 152, 375; V. 76. p. 330.
(1)
UNION ELEVATED RAILROAD.
In September, 1901, Northwestern Elevated RR. purchased stock at
a price equivalent to $125 per share (V. 72, p. 1082) and road is now
known as the Union Loop Division of the Northwestern "L." It is
used by all the Chicago elevated roads, and receives one half cent
for each passenger carried, besides all expenses for operating, repairs
and taxes.
Stock & Bonds—
Date, interest. Outstand'g.
Maturity.
$5,000,000 Oct., 1900, 2
Stock, $5,000,000(par$100)
4,387.000 Oct. 1. 1945
1st M.,.$5,000,000,g. $1,000 1895 5g. A-O
Sav.
Interest at Chase National Bank, New York, and 111. Trust
Bank, Chicago.
Report—Net income from Jan. 1 to June 30, 1902, $261,245; allowance for bond Interest six months, $125,000, balance, $136,245,
of which 10 p. c. ($13,625) was paid to city. For fiscal year ending
Revenue from lessees, $428,837
other income,
Nov. 30, 1900
$1,603 mt. on bonds, $219,350; expenses not borne by lessees, $34,746 balance, surplus, *176,344.
Road—The loop is 1-98 miles in length, double tracked (80-lb. raUs),
and runs on Lake st. to Wabash Ave., to Van Buren St., to Filth Ave.,
to Lake St. Road opened Oct. 10, 1897. Trains of the Lake St.,
Metropolitan West Side and South Side operate over the loop.
Officers— President. John B. Dennis; Vice-Pres., Clarence Buckingham; Sec. and Treas.. W. V. Qriffln.— V. 66, p. 762; V. 68, p. 279, 284
V. 69, p. 492; V. 70, p. 585; V. 72, p. 88, 439, 1082.
&
:
;
;
;
SOUTH CHICAGO CITY RAILWAY
CO.-
Organization— Incorporated May 31, 1883. Operates two lines
from Jackson Park to 106th Street and the Indiana State Line. Hammond Whiting & East Chicago ia controlled in same interest.
Date, interest. Outstand'g.
Maturity.
Stock & Bonds—
Stock ($2,000,000 auth.)
$1,603,800
Mortgage, currency
1890 5 J-J
50,000 July 1, 1910
mort.
gold
1893
5
g.A-O
1,513,000 Apr. 1,1913
1st
$5,000,000,
^
$l,000c *
S Int. at Illinois Tr. & Sav. Bk., Trustee, Chic.
Road— Owns 34 miles ot track in Chicago and controls tne Grand
Crossing & Windsor Park RR. Co., 3 miles; total 37 miles. Rails
75 and 85 lbs. Hammond Whiting & E. C. Electric gives a line to
Whiting, East Chicaeo and Rohy (Tnd.), and makes a direct route of 14
miles from 63d St- and Madison Ave., Chicago, to Hammond, Ind.
Officers— President, D. F. Cameron; Vice-President, D. M. Cummings; Sec. and Treas., O. S. Galther.— V. 67, p. 1002; V.69,p. 1063
SOUTH SIDE ELEVATED
RR.-(" ALLEY
VATED")— An electric elevated road.
ELE-
Organization— Successor January, 1897, to Chicaso & South Side
R. T. RR. (foreclosed per plan V. 63, p. 1158). July 31, 1900. the Appellate Court sustained the validity of the foreclo.'^ure (V. 71, p. 236),
and on Fob. 21, 1902. that decision was concurred in by the State
Supreme Court. V. 74, p. 4' 7.
Road Owns elevated road in operation in Chicago upon a purchased
right of way from Congress Street to Jackson Park, 8*56 miles of
double and triple track; total single track, 19*44 mUes. Operation
of trains over the "Loop" (Union Elevated) began October 18, 1897.
Electricity was introduced as motive power late in April. 1898. Operates 200 motor and 30 trail cars
Eitensions contemplated.
Maturity.
Date, interest. Outstanding.
Stock
Bonds—
Stock, $10,323,800
Q-M $10,323,800 Deo. 31,'02.1%
Ist mort., $1,500,000, ) 1897
413
July 1, 1907
750,000
red., see text; caurencv. S
Trustee, 111. Tr. & Sav. Bank. Chicago.
.Bonds.— Of the $1,500,000 authorized in April, 1897, $750,000 are to
be held for fnture improvements and additions. Bonds are redeemable within five years from date at 105 and after five years at 102,
denominations are $500 and $1,000. See V. 64, p.843.
Oividends.—V'yt&X dividend of 1 per cent (out of earnings for four
months ending April 30. 1899) was paid May 1, 1899; then Sept. 1,
1 per cent Dec. 30, 1 per cent. In 1900, 3 p. c. In 1901, 3^2 p. 0. In
1902, 4 p. c
Annual Report— For years ending Dec. 31
1902.
1901.
1902.
1901.
Grossrec'ts.$l,483,843 $1,362,231 Sur. for8tock$587.7o5
$483,521
Net,
alter
Divideods... 4C9,124
357,955
taxes
517,2711
621,505
—
&
;
I
'
Interest....
33,750
Officers— President,
33,750
|
Bal.foryear$178,631
Leslie Carter;
$125,568
Vice-Fres., T. J. Lefens; Sec-
retary and Treasurer. J. H. Glade. Office, 47 Congress St., Chicago.
—V. 70. p. 227. 430. 481. 248. 1250: V. 71. p. 23fi: V. 72. p. 243. 33B;
V 73. p. 495; V. 74. p. 152, 3 7 5.479: V. 75, p. 1255; V. 7o, p. 378.
SUBURBAN RAILROAD-A
trolley road.
Organization— Incorporated under law of lllinom May, 1895.
Receiver— On Juiy 30, 1902, L.H.Owsley was appointed receiver,
Intereston the bonds being in default.
Stock
&
Bonds —
$1,250,000
Date.
p 241.
outstand'g.
V. 75,
interest,
Matiirtly.
$1,250,000
1.250,000 Mar. 2, 1916
5g. M-S
iBtM "83 000 onn crnirt 51836
l8tM.,it>3,000,000,gold.
] Trustee is Chicago Title & Trust Co.
Of the $3,000,000 bonds authorized, $1,2.50,000 were issued to bullrt
the road owned and to equip a portion of the leased Itnea with trolley.
The remainder may he issued for extensions built and equipped at
$50,000 per mile for double and $30,000 per mile of single track.
Road— Owns 33*5 miles of track, extending from terminus of Lake
Street Rlevated at 52d Street and Metropolitan Elevated at 48th
Street, tlirougli city of Chicago, Cicero, Grossdale, La Grange, etc.
Leases from the Chicago Terminal Transfer RR. (for 50 years) the
Sliock,
25
Harlem race
tracks along West 16th and 19th sts.
Officers— President. F. H. Roeschlaub Vlce-Pres., W. 6. Adams;
Sec. and Treas., E. C. Veasey; Supt., J. Whitsell.— V. 75. p. 241.
;
ELEVATED RY.UNION CONSOLIDATED
built from Union Elevated at
OrqanizaTiON— Formed
5th Ave. west to Market
erates
-"a
in
St.;
1896 and
thence to the Metropolitan W.
op-
S. El.;
mile.
&
Maturity.
Outstand'g.
$1,000,000
Nov. 1, 1936
407,000
5 g M-N
Series "A" 1st mort., gold, ) 1896
gu. p. &1. byMet.W.S.El. 5 Tru8tee,G.8herman,V.-P't,Cen.Tr.Co..N.Y.
Mortgage $1,000,000, of which $500,000 series A. V. 63, p. 1065.
Stock
Stock
Bonds—
Date.
int.
Officers-- President, Wm. G. Adams; Vice-Prest.,
& Treas., W. V. Grilfln
V.Weston,
C.
Sec.
CINCINNATI, OHIO.
TOLEDO
TRACCINCINNATI DAYTON-A&trolley
road.
TION CO-- (Ste map on p ge
'27.)
company is controlled by the Pomeroy-Mandelbaum syndicate.
Organization— Incorporated in Ohio on May 19, 1902, and is a con-
This
solidation of the Houthern Ohio Traction Co., Cincinnati <fe Norihwestern Rv Miaraisbiirg & Germantown Traction Co and the HamilLindeuwald Elect' ic ransit Co. V. 74, p. 884, 10a7.
ton
On Nov. 3, 1902, made contract with the Traction Terminal Co.
See V. 75, p. 1033.
Maturity.
Date.
Interett. Outstand'g.
Bonds—
Stock
Stock. $5,000,000 ($100)
$3,500,000
Cin. Day
Tol. mort.,? 1902
.Sg.J-J.
1,200.000 July!, '22
$5,000,000, g. ($ 1 ,000) - . 5 Int. at Cleveland Trust Co. , Trustee.
Southern Ohio Trac. Ist cons.
$2,000,000 ($1,000), gold, c*.1900 5 g. M-N $1,350,000 May 1. '20
interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
Cin. <feHam. Elec.lst g.($500) ) 1898 6 g. J&J $400,000 Apr. 1,1918
$500,000. not subjectto call. J Int. at Am. Tr. Co., Cleveland, trustee.
Loans Guaranteed by Cin. A Miami Valley Traction.
,
&
1
&
&
July 1,1916
250,000
1st M.,< 1896 5g. J-J
($1,000), int. guar..c* \ Int. at Finance Co. of Penn.,Pliila., trustee.
Dayton Traction
g.
Hamilton & Lin'lenwald•^1901,
Eleo. ransit IstM. s. f
$250,000 g. ($1 000). c*
Miam. & Germ. 1st. guar.,
1
i
)
)
5g.J-D
250,000
Dec.
1911
1,
Interest at Cleveland Trust Co., trustee.
'
5g. J-D
1901
50,000
Dec.
1.
1911
($50,000) g. ($l,OoO).c* s Interest at Cincinnati Trust "^o.. Trustee.
B'<»irf.<. - None of the issues are subject to call.
Of the .$^,000,000
Tol. Tr«c. issue $2,300,000 is reserved to retire prior liens
Cin Day.
and $1 00,000 for future use.
Ot the $2,000,000 t<o. Ohio Traction bonds, $650,000 are reserved to
retire Uln. ife Ham. Electric bonds and Dayton Traction bonds. Issue
listed on Philadelplua Stock Exchange.
The Ham. rt Lind. Elec. Tran. bonds cannot be called before maturity; a sinking fund, however, is provided, beginning with Dec. 1,
1906, of 5%, and increasing by 1 p. additional each year until 1911.
Latest Farnimqs— For the 7 months ending Dec. 31, 190?: Gross,
$30-.^, 668; net, after taxes, $146,717; fixed char.ges, $113,860, surplus, $32,857.
Earnings— Of Southern Ohio Traction for the year ending April 30,
1902, were as follows: Gross, f353,144; oper exp. and taxes, $186,365;
Lindenwald Electric Transit Co.,
net receipts, $1 66.779. Hamilton
ulne months to March 31, gross, $41,139; net receipts, $14,145.
Road— Owns and operates 81 milps of track, connecting Cincinnati
with Dayton. Obtains entrance into Cincinnati to Spring Grove Ave
at 1-iuden St. over the Cin. Northwestern Division. Later will enter
the city over the tracks to be built by the Traction Terminal Co.
Officers— President, M. J. Mandelbaum, Cleveland; First VicePrt-st., WiU Christy, Akron; Second Vice-Prest., O. V. Parrish, Hamilton, O.; Treas., F. T. Pomeroy, Cleveland; Sec. and Asst. Treas., HC.Lang, 21 5 Garfield Bldg., Cleveland; Chairman Executive Committee. W. Kesley Schoepf, representing the Elftins-Widener Interest
V 73, p. 82, 844. 1062, 1113,1208,1265; V. 74, p. 96,328,884,938,
1037, 1039; V. 75, p. 76, 1031, 1086, 1398.
&
,.-
&
—
INTERURBAN
troUey road.
RY. &
TERMINAL
CO.-A
3. 1902, and is a consolidation
Eastern Electric Ry., the Rapid Railway Co. and
the Suburban Traction Co. All bonded debt of those companies have
been retired.
Date. Interest. Onfstavd'g JHu'urity.
Stock
Bonds—
Ptock. $2,500,000 ($100)
$2.50 ,000
1903 5g. Q-J 2.250,000 Jan. 1, 1928
1st mortgage. .*2, 500,000,
gold ($ .000 and $500).
Int. at Cincinnati Trust Co. Trustee.
Bondi No sinking fund and bonds are not subject to call.
Road— Operates 22 miles of track between Cincinnati and New
Richmond 32 mil«8 between Cincinnati and Lebanon, with ;i branch
4 igniiles from South Lebanon to Morrow, and 28 miles from CincinThis la^t line is
nati to Bethel, with a branch or 5 miles to Batavia
expected to be completed by March 1. 1903. Gauge, 5 ft. 2'« in.
Cars enter Cincinnati over the tracks of the Cincinnati Traction Co
70-lb and 97-)b. T rail. Total track operated, 96 miles.
Of FiCERS— President, G. R. Scrugham; Secretary. W. E. Hutton;
Organization.- Incorporated Nov.
of the
(
incinnati
&
&
.
1
—
Treasurer, J. M. Kennedy.— V. 75.
p.
1031; V. 76, p. 212.
CIMCINNATI GEORGETOWN
MOUTH
RR.narrow-gauge steam
& PORTS-
road, but in OctoOrganization.— Formerly a
R.
was purchased by A. W. Comstock of Detroit, and
Todd <te Co of Cincinnati and in 1902 changed to standard-gauge
electric. Under Ohio law, remains a steam road.
1
W
ber. 19ol,
Stock
<«-
Ronos—
Stock. $1,500,0
1st nitge, $1,000,000
gold ($1,000) .... c*
Farn'NQS.
Date
interest.
Outstand'g.
Maturity.
-
1500,000
>
1902
5 g. J. J.
I,0t0.000
Jan.
1.
Bk. & in N. Y..
s Int. at Union Tr &3av.
For ^ear ending Sept. 30, 1902, gross, $133, 0>
<
1932
iucin. Tr.
0;
net
$53,000.
Road.— Operates 50 miles from ("inc'nnati southeasterly to Georgetown. An ext»-nsion of 23 miles to West Union, with a branch of 3
miles to Bavaria and one of 2 miles to Coney Island, is proposed.
Officers. Prest., A. W. Comstock: Vice-President, W. R. Todd,
Fee. and Treas., R. E. Field.— V. 73, p. 1263; V.74,p. 727; V. 75, p. 184,
665, 1253.
& AUROCINCINNATI LAURENCEBURG
RA
ELECTRIC STREET RR.—A
build a
conNovember, 1898,
Organization—Incorporated
in
trolley road.line
to
with Aurora, Laurenceburg and Harrison.
from Anderson's Ferry at Cincinnati to Aurora,
and Harrison a^d Laurenceburg, 38 miles. The Union Savings Bank
1901.
sold $650,000 of the bonds in Jan
<fe Trust Co. of Cincinnati
and an advertisement stated that no dividends would be declared
on the stock for five years, so as to create a surplus fund available
{or betterments and extensions.
necting
Road
is
Cincinnati
In operation
,
STEEET EAILWAYS.
26
&
Date, interest, (histanding. Maturity.
Stocks
Bonds—
Stock, $750,000
$750,000
750,000 July 1, 1919
1899
5 g. J.-J.
l8t mortgage., $750,000)
($1,000), gold
5 Int. atUn. Sav. Bk. & Tr. Co., Cinn., trustee.
Directors— J. C. Hooven, President, of Hamilton, O., C. E. Hooven,
A. B. Vorhei-s, J. G. SchmUlapp and Stanley Shafer; Treas. and Gen.
Manager, C. E. Hooven, Cincinnati.— V. 69, p. 743; V. 7^, p. 136.
COTHE CINCINNATI TRACTION
1901,witli an auOhio on Feb.
19,
Organization. -Incorporated in
thorized capital stock of $2,000,000 (which has all been paid in), to
Ry.
See V. 72, p. 391.
Street
Co.
take over under lease the Cincinnati
Has acquired all the $100,000 capital stock of the Cincinnati Zoological Co., -which owns the Zoological Garden at Cincinnati.
Earnings— For calendar year 1902 gross earnings were $3,559,685.
In 1901 gross earnings were $3,291,853, which compares with $3,135,198 for calendar year 1900.
Road—The Cinn. St. Rwy. comprises 215 miles of track in the
city of Cincinnati, Ohio, extending also to adjoining suburbs. The
last cable line was converted to electricity in June, 1902. Gauge,
5
ft.,2ifiin
Officers.— President and Gen'l Mar., W. Kesley Schoepf; Chairman
Executive Committee. Hugh J. McGowan, Indianapolis; Vice-Pres.,
J. B. Foraker Jr.; Sec. S C. Cooper; A.s8t. Gen. M'g'r, Dana Stevens;
Purch. & Claim Agt.. J. H. Schoepf; Treas., W. H. McAllister; Aud'r,
C. F.' Callaway —V. 72, p. 136. 301. 437, 1034, 1279; V. 73, p. 1111;
V. 75, p. 393, 497, 665, 1031, 1086, 1399; V. 76, p. 381.
CINCINNATI STREET RAILWAY.—Electric.
Was leased on Feb. 21, 1901, to the Cincinnati Traction
(1)
Co. for the
unexpired term of the franchise granted by the city of Cincinnati on
Aug. 13, 1896. and all successive renewals and extensions of the same.
The rental is intended to provide dividends of 5^4 per cent for the first
year, 5^i for the second, 5% for the third and 6 per cent for the fourth
year, and thereafter. V. 72, p. 136. The Rogers law of April 22,
1896, under which franchise was granted, was In Aug., 1902, declared
unconstitutional by Superior Court at Ciuoinnati. Appeal taken to
State Supreme Court.
V. 75, p. 393, b65.
Organization.- Incorporated June 21,1880, and
Mt. Adams & Eden Park and Mt. Auburn roads.
Stock
&
Bonds—
Stock ($20,000,0.0)
Par.
50
1896 purchased
in
interest.
Outsland'g
514Q.-J. $18,011,450
Last
div., rfc
Jan., '03,138
& Eden Park In.:
mortgage, currencv.. ..
6 A.-O.
95,000
Oct., 1905
Consol. mort., currency
5 M.-S.
463,500
Moh., 1906
Interest is payable at Franklin Bank, Cincinnati.
8I4 1887 5 J. -D. 166,000
Mt. Auburn Cable Ry. )
June, 1907
1st
assumed ..c* j Interest at Chemical Nat. Bank, N Y. City.
Dividends— For many years to April, 1901, incl'e, 5 p. c. per annum,
but on July 1, 1901, \.°\q p. c. was paid; also l&inp. c. in Oct., 1901; in
1902. Jan., 15,6 p c; April, lo^g p. 0.; July, l^s p. c Got. 1% p. o. In
Mt. Adams
Ist
.
;
1903, Jan. 1B,« p. c.
Officers— President, John Kilgour; Secretary and Treasurer, James
A. Collins.- V. 70, p. 1249: V 71, p. 181, 543, 1120; V. 72, p. 86, 136,
391, 437, 1034, 1135; V. 75, p. 1031.
(2) TRACTION TERMINAL COMPANY.
Organized in 1902 as part of agreement between the Cincinnati
Traction Co. and the Cincinnati Dayton & Toledo Traction to build a
central depot at Cincinnati lor electric lines entering that city and to
pro ride suitable terminals. Stock $100,000. Pres., J. Benson Foraker,
Jr Vice- Pres., Frank N. Wilcox, Clev.; Sec N. S. Keith; Treas., Dana
,
;
Stevens.
V. 75, p, 1033.
CINCINNATI INTERURBAN CO
in Ohio on Aug. 28, 1902, in the interests of the Cincinnati Tractioa Co;, on Sept. 30, 1902, leased the
Cincinnati
Hamilton Traction Co. See V. 75, p. 906. Capital Stock
Organization.— Incorporated
&
all outstanding; no bonds.
Officers.— President, Geo. H. Warrington; Vice-President, J. B.
Foraker Jr.; Secretary, 8. C. Cooper; Asst. Gen. M'g'r, Dana Stevens;
Treasurer, Wm. H. McAllister; Auditor, C. F. Callaway.— V. 75, p. 497.
$100,000, (par $100)
(1) CINCINNATI & HAMILTON TRACTION.— A troUey road.
ORQANIZATION-This company was organized In August, 1902, as a
consolidation of the Mill C^eek Vallev St. Ry, and the Hamilton,
&
Cincinnati Traction. V. 75. p. 4^7. On Sept. 30, 1902,
was leased to the Cincinnati Interurban Co. V. 75, p. fl06. Rental,
year be.;innlDg October 1, 1902 '. $55,000; 190^-04, *60.500; 19040.>, $66,000; 1905 06. «71,50O; 1906-0- and 1907-08, $77,000; 190809 and 1909-10, $82,500; 1910-11, *8«.000; 1911-12, $9d,500; 1912-13
to 1914-15, $99,000; thereafter $100, OjO.
Date, interest. Outstand'p
Maturity.
Stock
Bonds—
Stock com. $1,1 00,000 ($100)
$1,100,000
Stock pref.$l,luO,000 ($100; )
, r,nn nnn
1,000,000
5 p. o. cum
\
Owns
and
operates
3312
miles of track, running through
Road—
Glendale to Hamilton City Line.
Officers. —President, H. H. Hoffman; Vice-Pres.. B.L. Kilgour; Sec.
and Tieas., Henry Burkhold, all of Cincinnati V. 75, p. 290, 497,
906.
Glendale
&
CLEVELAND, OHIO.
CLEVELAND CITY RAIL^VAY- A
trolley road.
ORQANiZATinN— Chartered in 1893. Known as "Little Consolidated."
On March il, 1901. the three-cent fare ordinance passed by the City
Council in 898 was declared unconstitutional bv Judge Ricks in the
1
United Slates District Court at Cleveland. See V. 72, p. 532.
In 1902 the city undertook to grant franchises for rival lines at threecent f4,res — c'> till Poopli's Street Ry. and ot'iers-but the courts have
enjoined sach acMon
See V. 75, p. 39 J. In Jan., 1903, $1,400,000 of
the stock authorized was issued to shareholders at par.
Date, interest. Ouisianaiig
Maturity.
Bonds—
Stock
8tock($100) $9.000,000
Q.J-J
$6,000,000 Jan., '03,
Cleve. City Cable Ky. >
1899 5g.J.-J.
2,000,000 July 1, 1909
gold,$l OOOc.fcr.lstM S Trustee is Central Trust Co., New York.
&
m
Earnings—
Calendar year.
Oross.
Exp'nses.
Net.
Passengers.'
$"63,<'96
J902
$1,«44.772 $1,080,776
1901
925,962
1,680,934
754,972
1900
1,485,148
899,830
585,318
1899
620,9.>1
1,480,865
859,914
30,451,967
1,
1898
-222, 163
746,291
475,872
25,089,438
1897
1,100,817
431,173
669,644
22,313.334
* Not including transfers.
Dividends— For 189« paid 2 p.c; 1897, 2^4 p. c; 1893,3 p. c.(% p. c.
Q-J); in 1899. 3-H p. c; In 1900, 4 p.c; in 1901, 4 p. 0.; In 1902,
6 p. c; in 1903, Jan., II4 p. 0.
Road—The company operates 86 miles of electric track In the city of
Cleveland and suburbs on 41 miles of streets, extending 6 miles east
and west of city limits. Weight of rails, 82 and 98 lbs. An extension
of 5 miles of double track on New Clifton Boulevard from Lake Ave.to
Bocky River and enlargement of power plant are now under construction. This line was completed Nov. 1, 1902. to Highland Ave.
Officers— President, M. A. Hanna; Vice-President, C. F. Emery;
Secretary and Treas., John Ehrhardt.— V. 62, p. 363, 664; V. 71, p.
1310; V. 72, p. 532, 1279; V. 73, p 184. 1061. 1356; V. 74, p. 93, 205,
378, 936, 986, 1355; V. 75, p 393.-V. 76, p. 48.
CLEVELAND
ELECTRIC RAILWAY.—
&
Stock
Bonds
Date,
interest. Outstand'g. Latest div., etc.
Q.-J.j$13,000,000 ,Jan.,1903, 1%
5 M-9
1,000,000 March, 1910
( Interest at Central Trust Co., New York.
1883 6 M-S
300,000 Sept. 1, 1903
^^^^ ^ ^'^
300,000 Sept. 1. 1903
do mort
1890 $1 000
i
ao
mort.ib90$i,ooo..
^ int. at Savings & Trust Co., Cleveland.
Sept. 1,1903
300,0
Jl«88 6 M-S
South
000
south Side lRt«l
1st $1,000
i j^^ jjj piiuadelphia at FideUty Trust Co.
Stock ($100)
Botids assumedE. CI- V. RR. IstM ($1000)
Brooklyn St. 1st $1,000...
5
1892
Cleveland Electric Railway^^93 5g. M-S 2,450,000 Mch. 1, 1913
Con M. ($1
000) goia.c
eold c*&r
($i,ouo)
con.
&r ^| j^^
attrustee. Central Trust Co.,N.Y.City.
Bonds— Consols, o/ii^aj for $1,900,000 reserved to retire the bonds
assumed. Bonds in excess of $3,500,000 (including the $1,900,000
reserved as above) cannot be issued except for 85 p. c. of the cash cost
of extensions of mileage and increase of plant. The bonds are a first
lien on the Broadway & Newburg system and on all extensions made
and property acquired subsequent to the consolidation; they cannot
be called before maturity. V. 61, p. 749.
Dividends—The quarterly dividend was passed in January, 1896; In
AprU, le96, paid h p. c; In 1897, 3 p. c; in 1898, 3H p. c; in 1899,
2% p. c. (October dividend having been passed on account of strike);
in 1900, 3% p. c; in 1901, 4 p. c; in 1902, 4 p. c; in 1903, Jan., 1 p. 0.
Road—The company operates "an aggregate single track of about
134 miles practically all the lines are double-tracked."
Annual Report— For the years ending December 31
1902.
1901.
1900.
Gross earnings, all sources
$2,524,949 $2,296,898 $2,061,504
Operaling expenses and taxes . 1,437,643
1,265,953
1,121,037
^
;
.
Net earnings
$1,087,306
266,045
Interest
$1,030,945
244,231
$940,467
258,483
Balance
$821,261
$786,714
$681,984
Officers President, Horace E. Andrews; Vice-Prest.. R. A. Harman; Secretary, H. J. Davies; Treasurer, Geo. S. Russell; Assistant
Tieasurer, F. C. Bangs; Auditor, W.G. McDole; Gen. Mgr., John J.
—
Stanley.- V. 70, p. 632; V. 71, p. 181, 341; V.72, p. 134, 532, 1279; V.
73. p. 31, 1061, 1312; V. 74, p. 41, 93, 151, 205, 378, 426, 528, 576,
629, 935, 1355.
CLEVELAND & SOUTH-WESTERN TRACTION CO —(See Map on page —A trolley road.
27. ;
in December, 1902, of the Cleveland Elyrla <fe Western Ry. and the Cleveland & Southern Traction
Co. Also controls the Norwalk Gas & Electric Co.
Date, interest. Outstanding.
Maturity.
Stock and Bonds—
Com., $3,000,000 ($100)
$3,000,000
Pf.5%cu,$2,000,000($100)
1,SOO,000
^\®« ^Mk^^m* ^^* ^- ""^ I 1895
MAN
200,000 May 1. 1915
6
Subject to call" 190 5.- S ^^- ^* Savings & Trust Co., Cleve. Trus..
6 F&A
100,000 Aug. 1. 1917
^9mnes^*S^'*^°''^ 1897
Subject to call 1907." 5 ^^^^^^^^ «* Cleveland Trust Co., trustee.
Organization—Is a consolidation
5gM&S
127,000 Mch. 1,1919
^$?oToo0^e^lo'oo;^i^ 1^99
I^*^'-^^* ^^ Cleveland Trust Co., trustee.
^
\
Sufiect tloall 1909
1,073,000 Aug. 1,1920
Cleveland Elvria & West- I ^^^^ ^8 ^^^
ern ist
«i 500 oooJ ^^^- ^^ ^ estern Reserve Tr. Co., Cleveland,
Trustee, or at the Nat. Bank of Commerce
1
'^V
f<ti
nnm gom
„Am '
(?.i,uuuj,
c ^
inN. Y. MaybecaUedafterlOyrs.atlOO.
100,000 Jan. 1, 1922
Flvrln. Graf * So Rv Ist ^ l^^^ 5g J-J
J Interest at Federal Trust Co , Cleveland,
Trustee, and Colonial Trust Co., N. Y.
«inn
nnn ,«i
n(7n>
c
$100,000
($ 1,000)
Can be called at par after 10 years at 100.
M
M^,,«lhwV^^^w
M
j^
Norwalk Gas &
Elec. Ai
W
«Q nr>? nnn <rV*i
(1903
FA
$100,000
500.000
Feb. 1,1923
Cleve., Trustee, or
n,.n?!.'.' i Int. at Federal Tr. Co
$d,OOO,OOO,g.,($i,O0O)c
^
Colonial Trust Co., New York.
Bonds No sinking fund, but bonds are subject to call after 1913 at
105 and Interest; $1,700,000 are reserved to retire prior liens and
$S00,000 for future use.
Of the Cleveland Berea Elyrla & Oberlin 5s dated March 1,
1899, $373,000 were reserved for the retirement at or before maturity
of the divisional 68 to a like amount
Of the $1,500,000 Cleveland
Elyrla & Western new 58, $427,000 are reserved to retire prior liens.
Western By. only for calendar
Earnings- Of the Cleveland Elyria
year 1902, gross. $300,8-i6; net, $129,771; Interest, $64,250; surplus,
.'^21.
Earnings Norwalk GiS & Electric 1902, gross, $40,186; net,
$65.
rieve
* South
Iflt
M
5g.
,
—
&
$1S,040
Road— In Feb., 1903, was operating 130 miles of track, extending
from Cleveland to Berea, Elyria and Oberlin; also Norwalk, Medina,
Oreston and Wooster
Officers— Prest., A. H. Pomeroy, Berea; V -P., A. E. Akins; Seo'y.,
E. F. Schneider; Treas. & Gen. Man., F. T. Pomeroy.—V. 76, p. 212, 235*
CLEVELAND PAINESVILLE & EASTERN
RAILROAD.-
Road comApril 25, 1895.
In April, 1902, authorized stock was increased
from $1,500,000 to $2,000,000, for extensions and improvements.
Maturity.
Date, interest. Outstand'g.
Stock
Bonds—
Stock, $2,000,000; par $100
$1,556,000
500,000 Apr. 1, 1916
iRtMnrt eold -R^OO
000 ( 1896 5g.A-0
*^""*„;
interest at Morton Tr. Co., N. Y.,orCleverJrni^'IinU':
(5>i.uuu eacu)
c ^
lard Trust Co., Cleveland, the trustee.
Debentures,$500,000, 5 1897 6 J-J
$500,000 July 1, 1907
Organization,
Etc.—Incorporated
pleted in .July, 1898.
&
lint. atDimeSav. <te Bkg., Olev., trustee.
($1,000)
$402,000 Oct, 1, 1918
mort^ftire '*
«2 000 '000 ( 1898 5 A-O
/Si^nnT^
S Int. at Dime Saving A B'k'g Co., Cleve.,
(»i,uuu)
trustee, or Colonial Trust i;o., N. Y.
^
Boi)ds—Ot the $2,000,000 con.sols authorized, $1,000,000 is reserved
Don
and .f 154,000 held in Treasury.
road from Euclid, Ohio, to Painesville and Fairport,
23-02 miles ("Main Line"), ana uses Cleveland Electric Ry. from
Euclid to Public Square, Cleve., 10 miles; also owns " Shore Line."
extending from Wllfoughby to Gleuville, O., 14-89 miles, and uses the
Cleveland City Ry. Co.*^9 track from Glenville to the Public Sq.,
rieve., 5 miles. Total track owned (Including 4'^ miles of double),
42-41 miles. Rails 68-lb. girder on Main Line and 70 lb. T on " Shore
Line "; 28 motor cars. Power house is at WlUoughby. Car bouses at
Willoughby, Painesville and Nottingham.
to retire underlying liens,
Road— Owns
STREET RAILWAYS.
8TREET RAILWAYS.
28
Earn'NQS— For the years ending Deo.
&
31:
1902.
$189,187
Gross earnings
Expenses and taxes
105,6tj9
Net
Fixed charges
1901
$164,971
87,102
$141,112
69,592
$77,869
71,296
$71,520
71,059
$'<3,51'<
74,552
$461
$6,573
$8,966
W. Waaou: Vice-President, J A. Biedler;
Surplus
Officers— President,
1900.
C.
Treasurer, Clias A. Post; Secretary, Fred. S. Borton; Ass't Sec'y, Q. E.
Bender; Supt.. J. Jordan.— V. 74, p. 267,576, 829.
interest. OiUstand'g. Maturity,
Date,
Stock
Bonds—
Stock (par, $20)
2%yr.'95-6 $50,000
1 St M., gold, $50,000
1895
6g.,J-J
50,000 July 1.1905
2d M., gold. $35.010
18y6
6g.,J-J
35,000 May 1, 1906
Loans payable June 30, 1902
47,000
United Tractioa of Albany has acquired $81,300 of above bonds.
Earnings- -Year ending June 30, 1902, gross, «24,815; other income, $25u; net, $2,969; charges, $6,937; deficit, $3,96'*.
Road— Track, 6-35 miles. Standard gauge, 70 to 90-lb. rails.
Officers— President, John W. McNamara,Albany,N. Y.; Sec, Lan.
sing P. Wood, Albany; Treas., T. I Van Antwerp, Albany
COLORADO
& ASHTACLEVELAND PAINESVILLE
road.
BULA. RR.— lo be a
SPRINGS, COL.
COLORADO SPRINOS & INTERURBAN RY.
Organization.— Incorporated in Ohio in 1902 to build an electric
railway between PainesviUe and As^litabula, a distance ol 30 miles.
Oradliie is now about % finished aid road is expect«^d to be fully completed and in operation by June 1, 1903. 70-lb. T and girder rail to
be used. Track, standard gauge. Will connect at Paiuesville with
the Cleveland Paiuesville & Eastern RR. and at Ashtabula with the
Organization— Incorporated iu Aueust, 1902, as a consolidation of
the Coloi ado Springs Rapid Transit Ry. and the Colorado Springs &
Suburban Ry.
The consolidated company, it is understood, will
issue $1,500,000 stock aud -Kl. 500.000 5 o. o. bonds, but details are not
available Feb. 1,1903. Facts below relae soteln to the old Colorado
Sjtrtngs Rapid Transit Ry.
trolley
Pennsylvania & Ohio Rf. Entirely over private right of way except
through some of the villages.
Inleresl. Oiiti- landing
Date.
Maturity
Stock & Bonds
$1,000,000
Stock, .t;l, 000 OUO ($100)
1902
>
5
JJuly
1st mort, $1,000,000
750,000
g.
1, 1922
gold ($1,000)
c* S lut. at Western Reserve Tr. Co ,Cleve., Trustee.
.Bonds. -$250,000 are reserved for future extensions. No sinking
fund and bonds cannot be called.
J. Hayes; SecOfficfrs.— President, L^ither Allen; Vice-Pres.,
W
retary, E.
Bingham
Kraus.— V.
Allen; Treasurer, Jos. R.
7o, p. 29, 549.
EASTERN OHIO TRACTION.-TroUey.
&
Stock (par
Stock
Colorado Springs Rapid Transit.
Bonds— Miles. Date, interest. Outstand'g.
$100)
IstM., $1,000 each...
Consoh M., $1,000 ea.,
for $500,000, gold.
,
CaX called 1910
'
S
5g.M-N
^^^-
^
1920
$100,000
^^- C«- ^^leveland. Trustee.
Bo7ids-Of the new $2,500,000 Itf., $1,300,000 are held to rake up exbonds and the balance (f494,000) for extensions and construction. Of the
leve. <te Chagrin Falls mort. of $300,000, $20o,000 reserved for prior bonds. Of the Cleveland & Eastern bonds $113,000
are held in the treasury.
Earnings of the three properties for the year ending Dec. 31
Gross.
Year.
Net.
Charges.
Jialanex.
1902
$192,2.52
$81,672
$66,640 sur.$15,032
1901
138,366
54,342
det. 1,3j9
55,701
Road— Owns and operates 46 miles of track from (Cleveland to Chardon, Burton and Middletield, O., and from Chagrin Falls to Hiram, 19
miles: total. 65 miles; also extension from Hiram to Leavitisburg, O.,
17 miles, put in operation in 1902. A link of 11 miles between tho terminals of this company and the Mahoning Valle.yRy. t Youngstown
will probably be constructed in the early future. Total track operated,
including sidings, 95 miles.
Officers— President, H. Clark Ford; Acting Treasurer, E. G. Tillot
eon; Gen. Man., R. L. Andrews.— V. 69, p. 955 V. 70, p. 995; V. 72, p.
1080; V.74, p. 267, 6»0.
>
;
LAKE SHORE ELECTRIC
In
RE"EIVERShip.—
Jan., 1902, Albion
RY.-A trolley road.
E.Lang
of Toledo
was
ap-
pointed receiver. This was formerly one of the Everett-Moore syu
dlcate properties. V. 74, p. 151. A readjustment plan was approved
by the shareholders Feb. 12 and is understood to provide for the issue
of $1,500,000 additional pref. stock, (of which $l,00u,000 is to he sold
at 60), the issue of $*,000,000 Istconsol bds. and the issue of $7,000,000 gen. mtg bds. The flrst consolidated mortgage of $4,000,000, it
Is stated, -will secure bonds to retire the Toledo Fremont
Norwalk
bonds ($1,500.00 I), and the Lorain
Cleveland bonds ($750,000)
and $1,760,000 to be sold to a local syndicate at $85 Of the general
mortgasre of $7,000,000, $4,000,000 will be reserved to retire thebonds
issued under the flrst consolidatedmortgage, $2,00 >.000 wiUbe placed
In the treasury, and the remainaer of the issue sold and exchanged to
liquidate paper and claims not otherwise provided for. V. 76, p. 158.
Organization -Incorporated in 1901 under laws of Ohio as a consolidation of the Lorain & Cleveland Ry., the Sandusky & luterurban Ry..
the Sandusky Norwalk & Southern Ry. and the Toledo Fremont &
Norwalk RR. V. 73. p. 784 Court has authorized $335,730 receiver's
&
&
•oertilicates
J
or improvements.
& Bonds—
$4,.i00,0oo
Stock
Date,
(par $100)
Pref. stock, $1,500,000 (par >
$100),guar. 5% cum..:.. .^
Stock,
istmortgage.
•.^a^y., $6.000,000...
^y,,^y^ ,v/v/
Lorain
A- ('
1st
«i nnn nni/
!jsi,ooo,ooi)
'
e
($1 000)
^ '*^'"""'
interest.
-—
POI
Wcst. Rcscrve
5%
?
^
}
^
Maturity.
1931
$750,000 Julyl,'27
Interest Cleveland Trust Co., trustee, or
Co onial Trust Co., New York.
Tol Fre. & Nor. 1st M.. !,- ) 1900
5g. J-J
1,500,000 Jan 1, '20
500 000. g (*500. $1,0)0/. S Ii't. at Union Tr. Co Detroit, Trustee.
,
Receiver's certificates.
1902
The unissued portions of the new stock and
acquisitions and improvements. The L. &
after July 1. 1917. The T. F. <te N. bonds can
years upon 3 mos. notice
Earnings— For 12 months ending Dec. 31:
335,730
bonds were reserved for
C. bonds can be called
be called at 110 after 5
Vft
Gross.
1902
1901
$455,352
$119,474
358. lei
115,795
Road— Operates in all 163 miles, extending from Toledo to Norwalk
and Sandu.'-ky and Lorain, thence easterly to Cleveland. Through line
from Cleveland to Toledo was opened for business about Aug. 26, 19o2.
Officers— Pres., B. Mahler, Cleveland; Vice-Presidents, W. H. Price.
Norwalk, Ohio, and J. B. Hanna, t leveland; Sec, F. W. Coen, To
ledo.— V. 72. p 480; V. 73, p. 139. 287, 2H8, 338. 784. 843.1010, 1,313;
V. 74, p. 151, 630, 775, 883;
15b, 382.
V. 75; p. 394, 498, 666, 981; V. 76, p.
_
COHOES, N. Y.
COHOES CITY RAILWAY.-A trolley road.
Organization- Chartered July 20, 1894, and controlled
interests as the United Traction Co. of Albany.
line, 1*2 miles,
Earnings— F"or year 1901:
Officers— President.
by the same
under lease.
Gross, $240,000; for 19i»o, $200,000.
Secy, and Treas., Wm. Lloyd;
Supt., D. L. Macaffree.— V. 65, p. 69; V. 69, p. 1147; V. 70,p. 75, 175, 328.
;
COLUMBIA,
S. C.
COLUMBIA ELECTRIC STREET RAJL"WAY LIGHT & POWER-AtroUeyroad.
This property, on which ^ Baltimore syndicate ha I an option, was
sold in August, 1899, for $257,500 to W. B. Smith Whaley, one of the
purchasers of the Columbia Canal and Columbia associates. Since
then about $150 000 has been spent in making improvements and
building an extension to the mill district. The new company took
possession Sept. 1, 189'^, and floated an issue of $250,000 bonds.— V.
68, p. 1180; V. 69, p. 491.
Officers— Pres., W. B. Smith Whaley; Gen. Man. and Treas., E. B.
Clark.
COLUMBUS, part
GA.
steam.
COLUMBUS RR.—Part
trolley;
Organization— Owns and operates the
entire street railroad system
of Columous, connecting with all pas •monger and freight depots; also
the only electric light sj'stem in the city. Franchises perpetual. The
freight lines are leased to the Seaboard Air Line Ry.Jduring the life of
the present franchise of the Columbus BR. Co. at a rental of $7,500
per annum.
&
Outstind'a.
Date.
interest.
Uat^trity.
Bonds—
Stock
Stock. $250,000 (*20).
$250,000
1897
400 000 Oct." i', 1937
5 A-O
1st Mtge., $450,000, )
uold
5 Int. at, West End Trust Co., Phila., Trustee.
897
6 Oct.
2.50,000
Oct. 1, 1937
2d m.; 1st pref. inc., g. )
non-cum .$250,000. s West End Trust Co., Phila., Trustee.
Bonds— Of the $450,000 1st mortgage bonds $27,000 are reserved
to retire underlyins; 6 p. c. bonds of like amount due in 1913 and $20,000 re8ei*ved to build bridge across Chattahoochee River and the rei
maining $3,000 are owned by the company.
Road—Operates 16 miles of track.
Earnings- For 12 months endins June 30, 1902, gross, $103,183;
net, $31,093; char<<e3, $17,958; surplus, $13,135; in 1901, gross, $98,486; net, $32,480.
Officers— President. Geo. J. Baldwin, Savannah; Vice-Pres., John
F. Flournoy. Columbus, Ga.: Sec, Frank U. Garrard, Columbus, Ga.;
Treas., H. B. Sawyer, 93 Federal St.. Boston. Mass. Manager. H. S Re.ynolds, Columbus; General Managers and Transfer Agents, Stone
Webster, Boston.— V. 66, p. 759; V. 72, p. 1187.
&
COLUMBUS, OHIO.
COLUMBUS RAIL^VAY-
Incorporated August, 1899, in Ohio. On Oct. 2, 1899, absorbed by
consolidation the Columbus St. Ry. and Crosstown Street Ry., and the
property of the former Columbus Central Ry. sold at foreclosure,
which comprises aU city street railways of Columbus.— V. 69, p. 743.
Was jzranted a new 25-year franchise in Feb., 1901. Under this franchise cash fares are fixed at 5 cents, but seven tickets to be sold for
25 cents, with imiversal transfers until gross earnings per annum reach
$1,750,000; tUerealter eight tickets for 25 cents.- V. 72, p. 338, 821.
Date,
interest.
Outstand'g Last div., <£c.
Bonds.—
Stock
&
$3,000,000
„ =«« nnn 5 ^^b.
.»,ouo.ooo
^^m6o)T::..^^:^^.^f!^^.\
Tr. Co.. Clcve., trusi CO.
5g. J-J
1"*^"^
Outstand'g.
$4,500,000
, -„„ „„„
1.500,000
4,000.000
1910
1921
payable at Chemical National Bank, New York City.
Consolidated mortgage limited to $500,000 by cancellation of
the
bonds; $350,000 reserved for first mortgage. Trustee.
$250,000 of
Central Trust Co., N. Y.
Road— Owns 25 miles of track, and operates the Manitou Electric
tsting
'
1,
Interest is
&
<
A-O
6
1891 6 g A-O
27
Railway <fe Casino Company's
Organization.- Incorporated in Ohio in Jan., 1902, as a consolidation of the CJeveland & Eastern Ry., the Cleveland & Chagrin Falls
Electric RR. and tha Chagrin Falls & Eastern Electric Ry.
Date, interest. Outsland'fj.
Maturity.
Stock
Bonds—
Stock, ,$2,500,< 00 ($100)
$2,259,000
East. Ohio Irac. 1st M., ( 1902 5g J.-J.
706,000 July 1, 1922
$2,500,000. g,($l,O0O).c* < Int. at leve. Tr. Co.. Cleveland. Trustee,
Cannot be calieil.
or Standard Trust Co New York.
(
Cleve. & East 1st mort.,( 1899
5 g. J-J
$887,000 July 1, 1919
$1,000,000 ($1,000 ea.), ] Int. at Clevel. Tr. Co., Trustee, Cleveland,
gold
c'( or Standard Trust Co., New York.
Cleve & Chagrin Falls
6g.M-N
$200,000 May 1,1916
1st M., $200,000, £:.,red. 1896
Int. at Guardian Tr. Co., Cleve., Trustee.
aft. May 1, 1906 ($500)c«
%^Oo1m)V50o!S^'^9«<>
^'°^«
7^ 1890
)
Maturity.
$500,000 f.p
350.000
150,000 Apr.
stock, pref.",* $3",566!6o6
($100) 5 p.c curaulat'e
^ma^^'J;
tor s.
may^be called
caUed ^for^f
f'
f.
)
^
^
I
^
2,
IHp.
1903,
c.
616,000 July 1, 1909
5 g. J. - J.
interest at Central Trust Co., N. Y.
^889
2,384,000 July 1,1932
5 g. J.-J.
rnl ^tRvi«t«'^OOOOOo0892
Col.
St.Ry.lst $3,000,000 > Interest at E. W. Clark & Co.. PhUa.
^"'^
" (
Knickerbocker Trust Co., N. Y., Trustee.
572.000 June 1, 1933
Crosstown 1st mort., $2,-) 1893 5g. J.-D.
Knickerbocker Trust Co.. N. Y., Trustee.
000,000 g. gu. p. A i. c* S
Columbus
Ry. notes
4
90,000
l.51«.000
Oct. 1, 1939
4'Q-J
^*)$lo^0,^old*''*^^^'°o*1l899
^1,000) f"lf.-- -"•-«
Int. at Union Sav. Bk. & Tr. Co. of Cln.,
nn?*\*^a®ifltTn«?«*^H Trustee, at E. W. Clarke* Co., Phila., o^
?n'tye8l''*''^''^'""')-tCo.'8 0tflcc
stock— $500,000 additional oref. stock was issued to com. and pref.
St.
I
stookholuersin Jan.. 1903. making the total of the
pt. stk
$3,500,000.
Bonds.—The Columbus Street Railway mortgage of 1892 Is for $3,000.000, of which $616,000 are in hands of trustee (Knickerbocker
Trust Co., N. Y.) to retire the Col. Consol. St. RR. firsts. The Or-osstown Street Ry. 1st M. is for $2,000,000, of which $572,000 are outBtandiug; the rest have been canceled. Principal and interest of the
Crosstown bonds were guaranteed l)y the old Col. St. Ry. Co.
Of the $7,000,000 mortgage of 1899 of the Columbus Railway,
$1,500,000 were Issued In payment for the Columbus Cent. Ry. property; *3,000,<iOO will be held in trust to retire the Columbus Street Ry.
and the Columbus Consolidated Street RR. bonds, $572,000 to retire
the Crosstown mtg. bonds and $300,000 to take up unsecured 4 per
cent notes of the Columbus Street Railway; $1,628,000 was reserved to
be used hereafter from time to time iu making exteusions, Improve-
STKEET RAILWAYS.
ments and additions—$628,000 upon a 23-vote of directors, the other
$1,000,000 only'on a vote of stockholders. $1,253,000 have been iasued
($210,000 to retire 4% notes and $', 043,000 for improvements), of
which $1,235,000 are now in company's treasury.
Dividends.— First div. on preferred stock of li^p. c. Feb., 1900;
eaiue amount smce then each quarter to February, 1903, inclusive
Company pays its employes dividends upon their wages at the same
rate as the dividends paid upon the preferred shares.
Road.— Operates 106 miles of track, 56 of which Is a new suburban
line. 12'mile9 interurban and 19 built in 1901 in city.
Earnings— For calendar year 1902: Gross. $1,174,093; net, $5^2,51rf: tixed charges, if 330,551; surplus. $261,962. In 1901. gross. $1,053.111; net. $456,191; fixed charges. $314,771; surplus. $181,420
Officers— Pres., Robert E. Sheldon; 1st Vlce-Pres.. Treasurer and
General Manager, E. K. Stewart; 2d Vlce-Pres., O. M. Clark (Phila.)
Sec'y, P. V. Burington.
InDEX-V.71,
p.
543; V. 72, p. 338, 821; V. 76, p. 157.
CENTRAL MARKET STREET
RY.-A
trolley
road. < See map on page 30
Controlled by the Appleyard syndicate of Boston.
Organization— Incorporated in Ohio on Jan. 10,1901. Franchise
provides that tickets shall be sold 8 for 25 cents and transfers be
Issued to all lines entering or using the Columbus London &
Springfield Ry. Co. interurban loop. In July, 1902. both the preferred
and common stock were increased from $500,000 to $750,000.
Maturity.
Dale. Jntereat. O -ts'a'xl'a
Stock
Bonds—
$500,000
Pf., $750,000 6% non-0. ($100)
750,000
Common, $750,000 ($100)
500,00u Jan. 1, 1922
5 g, J-J
Ist mortgage, $500,000, > 1902
gold ($1,000)
\ Int. at Continental Tr. Co., N. Y., Trustee.
Bonds— sinking fund ot a% of gross receipts commences after 5
years Entire issue is subject to call after 5 years at 110 and Interest.
Dividends—Two dividends of $1 50 per share paid to Feb 1903.
Road— Operates 16 miles of track, all in city of Columbus.
Officers— President, S. B. Hartman; Vlce-Prea. and Gen. Mgr.,
Biohard Emorj Secretary, F. W. Merrick; Treasurer, H. D. Montgomery.—V. 74, p. 679, 726, 883; V, 75, p. 239.
&
C
A
,
;
BUCKEYE LAKE & NEWARK
COLUMBUScoTRACTION
Organization— Incorporated in Ohio on Oct. 19, 1899. Of the
$l,500,0u0 authorized capital stock, $500,000 was changed to preferred in 1902
Date, interest. Oustand'g.
Ualxirity.
Bonds
Stock
Stock, $1.0i>0,000
$1,000 000
Preferred stock, $500,000,
500,000 Jan.l.'02,l^
6 per cent, non-oura..
1901 5g.,M-N 1,125,000 Nov. 1, 1921
Ist mortgage, $1,500,000, )
gold
Sint atKnickerbockerTr.Co., N.Y trustee.
Dividends- The first dividend of I'd p. 0. on the preferred stock
was paid Jan. 1. 1902.
Road— Operates an electric road from Columbus to Newark, with a
branch to Buckeye Lake, 40 miles. Road wlU be extended to Zanes-
—
&
,
vllle,
30 miles, under name of Columbus Newark
&
Zanesville Elec-
tric Ry. Co.
Boston; ViceS. Reed Anthony, 53 State 8t
Appleyard. 50 State 8t Boston; Treasurer, Chaunc«y
Eldrldse, 53 State St, Boston, Mass.: Sec'y. Frank W. Merrick, Col-
Officers— President,
Pres.. A.
,
E.
.
umbus; Gen'l 8upt.. J. R. Haniaan. Newark.— V. 71, p. 602; « 72. p.
338; V. 73. p. 1159; V. 74, p. 477, 1195. 1355; V. 75. p 134, j354.
.
COLUMBUS
DELAWARE & MARION
ELECTRIC
RR.OrQanization— Incorporated in 1901 to build an electric railway
over private right of way from Columbus to Marion, passing through
Franklin, Delaware and Marion counties, a total of 45 miles, of which
30 miles in operation in Peb 1903. Remiinder is expected to be
completed by May 15, 1903 Purchased Delaware City Line.
Date interest, (hi stand' g.
Maturity.
Stock & Bonds—
Stock, $1,000.000
$1000,000
May 1, 1921
1,000,000
«1 000 000 > '^^^^ ^S- "^"^
iBt mortoat West. Reserve Tr. Co., Cleveland,
P-fl°tioi^m
noo^
gomi»i,uuu)
c ^
trustee, or Nat. Bank of Com. in N. Y.
Officers— President. Jno. G. Webb; Vice-President, T. A. Simons;
Trea.surer, W. A Biack; Secretary, J. M. Loren; General Mgr., H A.
Fisher. Office. El»ictr)c building, Columbus, O.— V. 72, p. 1135; V. 74,
p. 883; V. : 5, p. 76; V. 76, p. 33 1).
.
'
29
CONCORD,
N.
H.
troUeyroad.
CONCORD STREET RAIL^WAY-A
Concord
Penacook. In June.
extending from the central wards
of
to
1901. control passed to the Boat. & Maine RR., and in Jan., 1903, a bill
passed thM New Hampshire House of Representatives to allow the
Montreal RR.. which is leased to the Boston & Maine, to
Concord
purchase the property and to iFsue stock and bonds to pay therefor.
V. 73, p. 31.
Outstand'g.
Date. Interest.
Last div., etc.
Bonds—
Stocks
$50,000
stock, com. $100.000
1895-96, 6%
50,000
6
Pref..cum., $50,000..
Dec, 1913
116,000
1893
5 J-D
First mortgage, $150,Subject to call in 1898 to 1902, inclusive, at
000
C,
102; in 1903 and thereafter at par.
($500 each.)
Interest at National Bank of Redemption, Boston, and in Concord.
Dividends.—T^e last five years company instead of paying dlvl
dends has devoted earnings to betterment of property.
Road is 11'61 miles long; total track, 12'76 miles.
Earnings For years ending June 30:
1901.
1902.
1902.
1901.
Gross earnings.. $77,929 $70,275 Int. and taxes.
$7,368 $6,936
726
8,446
15,382 Balance
Net earnings.... 8,094
Officers President, Lucius Tuttle, B"ston; Treasurer, John F.
Webster; Counsel and Cletk, John M. Mitchell; Auditor, Fred. 8.
Heath; Superintendent, H. A. Albin.— V. 73, p. 3 1 V, 76, p. 2 1 2.
&
&
.
,
—
;
CONCORD, MASS.
MAYNARD & HUDSON
CONCORD
RY.— Atiolley road.
Orqanizat, on— Began operation in
S""
OCK
&
Bonds—
Stock. $175,00
Sept., 1901.
Interest.
Date..
ST-
Outstanding.
Maturity.
$17.=i,000
I
lscMtge.,$175,000;> 1902
5g. J-J
165.000
July, 1922
gold, $1,000
Boston, Trustee.
S Int. at Amer. Loan & Tr. Co
Road— Operates 15 miles of track between Concord. Stow. Maynard and Hudson; 7 open and 6 closed cars, 2 snow plows and 1 construction car
EARNiNQS-For year ending Sept. 30, 1902 (lastzmonths estimated),
gross, $47,858; net, $14,201; interest, $8,250; balance, surplus, $5,951.— V. 75, p 184,611.
,
CORNING, N. Y.
PAINTED POST STREET
CORNINa&
A
road.
RY.-
trolley
Organization
Incorporated Dec. 11, 1894.
Commenced
opera-
tions Nov. 1, 1895.
Stock
&
Bonds—
Date,
interest.
Oiitstand'g. Maturity.
$100,000
^^-^ 100.000 Jan. 1, 1916
^^^^
^^
Beacon
Trust
Co., Boston.
^
Road— Owns 5*9 miles of track, from Corning to Painted Post.
Earnings— For year ending June 30, 1902. gross, $33,899; net,
$1J,073; interest and taxes, $7,406; surplus, $5,667.
Officers—President, Lucian A. Taylor, Worcester, Mass.; Secretary and Assistant Treasurer, F. H. Viele, Worcester, Mass.; Treasurer and General Manager, W. H. Tylee, Worcester. Mass.
Stock, $100,000; ($100)
000
iRt
ist mortgage $100
*100,000...
^
j^^.
CORTLAND,
N. Y.
CORTLAND COUNTY TRACTION.-A
road.
troUey
Organization- Is a reorganization on
Homer Traction, which was sold
Sept. 18, 1901, of the C§rtat foreclosure on April 23,
1901. Owns all the stock of Cortland & Homer Electric Co.. which
furnishes 150 arc lights to the cities of Homer and Cortland, and also
lamps to the public. Carries coal and freight as well as passengers;
also owns lease of the Cortland & Homer
Oiitstand'g.
Date.
interest.
Maturity.
BondsStock
Stock, comraon,$120,- >
mi 00 r,(\c\
?)izo,uou
000 ($100)
S
lanrt
<te
RR
&
$200,000 b%l
non-cum. ($100).... \
Pref.,
map.
Organization— Incorporated in Ohio In January, 1900, to operate
a passenger and freight line between Columbus and Springtield via
London; also empowered to supply light, ht-at and power along its
route. In April, li^OO, was granted a zS-year franchise in Coluuibus
900
ono
^oo.uuo
1901
4g. J-J
180,000
Apr. 1, 1920
1st mtge., $180,000] County Sav. Bk. & Tr.Co.,Soranton. Pa., trust.
No sinking
Interest at company's office.
'c
(.$500), gold
fund and bonds cannot be called.
L
R04D —Operates 10 miles of track between Cortland and Homer and
Cortland and McGrawville.
Earnings— For fiscal year ending June 30, 1902: Gross, $37,482^
net, $6,051; other income, 401; total net income, $6,452.
Officers— President, Frank Battles, Phila.; Sec. and Treas., Edwin
with the provision that the road was to be ready tor operation in
City of Columbus by July 1, 1901, and sell 7 tickets tor 25 cents for
nse in the city, good at all hours. Tht- ordinance also provides for the
payment of 2 per cent of gross receipts from local passengers (viz.,
passengers riding wholly within the city limits) during the life of the
franchise. The formal opening of the line into Columbus took place
CINCINNATI NE^VPORT
& COVINGTON
LIGHT
& TRACTION CO. -A trolley road
COLUMBUSA trolley
LONDON
& SPRINOFIELD
road. (See Map on page 3o).
RAIL"WAY—
Is controlled by t'le Appleyard Syndicate of Boston, which also controls the Dayton Springde.d <& UrUana and the other roads shown on
on June
29. 1901.
&
Date, interest. Oiitstand'g. Maturity.
Bonds—
Stock
Stock $1,.-^00, OCMi ($100)
$1,500,000
l8tn]or.$l,500,000($l,000) 5 1900 5 g. A-O
1.500.000 Oct. 1, 1920
gold c*
^Int. at Continental Tr. Co., N Y., Trustee.
Bonds Entire issue may be called after 5 years at 110 and interest
A »i It king fund of 5% of gross earnings becomes operative in 1906.
Road.— Operates 15 miles of track in cities (Columbus. Soringfleld,
London) ana 60 miles between cities; altogether 75 miles of track.
Officers— President. J. S Harshman Vice-Pres't. John G. Webb;
Treasurer. A. E. Appleyard, 50 St;ite Street, Boston.— V. 72, p. 872; V.
74. p. 986.
—
;
(1
)
COLUMBUS GROVE CITY
.V
SOUTHWESTERN RY.—
<fe
;
Istmtge. $250,000 (gold)
....
$250,000
190'
.Tnly 1, 1921
5 g.
210,000
J-J
($l,OO0).c'guar. p. <&i. s nt.payableat Oc>utineDl'lTr.Co..N.Y'..Tru8.
Bonds— Ot the authorized issue of $250,000, $40,000 i.s reserved for
extensions at not exceeding 75 per cent of cost. A sinking fund of 5
p. c. annually of gross earnings will commence July 1, 1906. Entire
issue can he ci<lled for payment after July 1, 1906, at 110 and accrued
interest. Adams & Co., Boston, ottered the bonds for sale in Oct., 1901.
Road— Operates about 15 miles of road from Columbus to Grove
)
.
City
and Morgans.
j
Dufley, Cortlanu, N.
Y.— V.
72. p. 821, 1187.
COVINGTON, KY.
The North American company owns a large amount of the pref. and
stock of this company.
Organization— Incoroorated under the laws of New Jersey on Mar.
11. 190 i, and purchased all tbe stock of the Union Light, Heat &
Power Co. of Covington and of the (Incinnati Newport & Covington
Rai way. V. 74 p. 576. The latter was organized in 1892 to buy up
and consolidate all the roads on the Kentucky side of the river,
common
opposite Cincinnati.
The Cincinnati Covington <fe Erlanger Street Railway (providing for
an extension to Erlanger, 7% miles), incorporated Sept., 1899, with
$250,000 stock (shares, $50), is controlled and is being built out of
proceeds of sale of the pref. stock of the new company.
Maturity.
Interest. Outstanding.
Date.
Stock
BondsCom $5,000,000 ($100)
$5,000,000
Pref 4M6non-cum.,$5,-)
4
030 000 Jan
03 1"*%
jan,uj,i'4/o
4,UdU,uuu
000,000 ($100)
\
&
,
Organization— Incorporated in Ohio in 1901 and acquired the
Wreeu Lawn line. The Columbus London <fe Springfield
Grove City
Ry. owns $210,000 of the $250,000 capital stock, and guarantees the
bonds, principal and interest
,
Franchises in Columbus are for 25 years from July 1, 1901 from
Columbus to Grove City run until 1921, and from Grove City to Morgans owns private right of way.
Date.
interest. OutHtwding.
Maturity.
Stock & Bonds—
Stock. $2.>0,OliO
I
,
Underlying Bonds —
250,000 Mch., 1912
M-8
1882 6
W. A. Goodman trustee.
150.000 Jan. 1. 1932
2d Consol M., $.500,000 g. J 1892 6 g. J - J
Cincinnati.
($"00— $1,000)
I Trustee Cin.SafeDep ATr.Co.,
100,000 Aug. 1, 1917
Newp. *Day.StRy. IstM. 1887 6 F-A
Oincinnati Newport <t Covington
2.500,000 July 1, 1922
Ist consol. mort., gold, $3,- ) 1892 5 g. J - J
000.000 ($l,000i..c' & r \ Trustee Fanners' Loan <fe Trust Co. of N.Y.
600,000 July 1, 1922
id mortgage, $1,000,000, > 1896 5g. J-J
gold ($1,000 each)
c5 Trustee Farmers' Loan & Trust Co., N. Y
Union Ll. Ileal <t P.Co.—
^^*M*„^ *onAAnnA„C 1901 4 g. M-N 1,500,000 May 1, 1913
*^'nnn'w?i^ I°t- at Union Tr. & Savings Bank. Clncin^.«^nr«?;o1?'*
($100,$500 & $1,000)0
jjati^ Tiust., or at North Amer. Co., N. Y.
^
Bellevue Water F&G.L.)
100,000 Dec. 1. 1912
6 g. J-D
*^"^'"^?5 Int. at German Nat. Bank. Covington. Ky.
80.
Cov.
($1,000)
Si
000)
&Cin. 1st M.
<
}
30
/
STREET RAILWAYS.
STREET RAILWAYS.
Bonds—Ot the ist consolidated bonds of 1892 of the O. N. & C. Ry.,
$500,000 are deposited with Che trustee to retire all the underlying
mort. bonds. The perpetual charters of constituent companies are
kept alive, and their capital stocks are deposited with the trustee as
collateral for the first consols.
^-r ..„,>,.
w ^
Interest on those bonds Is payable at the Western Nat'l Bink, N. Y..
City; First Nat'l Bank, Cincinnati, and German Nat'l Bank Covingt'^n.
The Union Light, Heat & Power Co. bonds caa be called after 190G at
HO.
Dividends
—The first dividend of 1 p. c. on preferred
On Jan. 15, 1903, IH p. o. was paid.
stock
was paid
in Oct., 1902.
Road— Connects Cincinnati, Newport, Covington, Dayton, Bellevne,
Ludlow, Bromley and Ft. Thomas. Total in operation 60 uailes laid
with 80 Johnston girder and 72-pound "T" rails.
REPORT—Twelve months to Dec. 31.
Surphts.
InUreH.
Net.
Gross.
12 months.
$237,677
$255,873
$1,103,995
1902
f4<^3,550
145,580
188,362
333,942
819,206
1901
Officers- President, James C. Ernst; Vice President, 0. W. WetHupt., Jas. R
more; secretary and Treasurer, George M. Abbott
Ledyard.-V. 66, p. 706; V. 69, p. 645; V. 72. p. 241, 1135, 1279 V.
;
;
;
73, p. 390; V. 74, p. 326, 426, 528. 576, 936, 1307.
DALLAS* TEXAS.
DALLAS ELECTRIC CORPORATION -Trolley
Serves a population of 60,000.
31
DAVENPORT,
Organization— Incorporated in September, 1895. April 15, 1899,
bought Mollne Central Street Ry. of Moline, 111. The Moline Central
had $48,000 bonds outstanding, of which the Tri-City bought $37,000
at par, but could not get the rest at a satisfactory price.
&
Outstanding.
Maturity.
$1,500,000 6% in '00-01
902
225,000 Sept 1,1922
s Int. at Germ'n Tr Co., Daveport. Trustee.
587,000 July 1, 1903
1891 6 g J - J
(Part due yearly) to July 1, 1911
Oav. <feR. I., lstM..gold..c*J
$1,000,000($500 & $1,000) Int. payable inN. Y.atChaseNat. B'kand
in Chicago at Ill.Tr. &Sav.Bk..Tru8tee.
Bonds —Of the new bonds of 1902 $641,000 are reserved to retire
prior liens.
5 per cent of the 1891 issue is due annually from 1901 to
1910 and the balance July 1, 1911.
Road— Owns 50 miles of trolley road and one mile of horse road,
comprising all the street railways in the cities of Davenport, Iowa,
and Rock Island and Moline, 111. combined population over 70,000.
Earnings— For year ending Sept. 30. 1901, gross, $403,884; net,
$157,717; interest and taxes, $43,810; dividends (6 per cent), $72,000;
balance, surplus, $41,907.
Officers—President, Edward E. Cook. Davenport; Vice-President,
F. C. A. Denkmann; Sec, Treas. and General Manager, J. F. Lardner,
Davenport, la.— V. 67, p. 802; V. 71, p. 964.
Stock
Bonds—
itock ($1,500,000 auth.)
Tri City 1st mtg. $2,000,000 ($1,000) gold
Date,
interest.
5gMS
n
(
I
(
—
Organization— Incorporated under the laws of New Jersey in 1902
own the stock and bonds of the Dallas onsolidated Elpctric Street
to
IO^A/'A.
TRI-CITY RAILV/AY-A trolley road.
'
the Rapid Transit Ry., the Metropolitan Electric St. R> ., the Dallas Electric Light & fo^er Co.. tue Dallas Electric Co. and the Stand
ard Light & Power Co., constituting all the street railways and lighting plants of Dallas Lee, Hii?glnson & Co., Boston, received subscriptions for the stock and bonds in Octooer, 1902.
Maturity.
Date. Interest. Chitstanding.
BondsStock
$3,000,000
Stook, $3,000,000 ($100).
do pref., $1,500,000, 5% >
1,300.000
non-cum. ($100)
S
1922
5 g
2,750.000
Collat'l trust mortgage, ( 1902
City Trust Co., Boston, Trustee
$4,000,000, go'd
i
Road.— Owns and operates 47 miles of road in the City of Dallas and
suburbs. Rails, 74 and 77% lbs.
Officers— Stone & Webster, Boston, Oen. Managers. V. 71. p. 1066;
V. 74, p. 829; V. 75.
V. 72, p. 1080, 1135,1187, 1239; V. 73, p. 286
p. 29, 135, 344, 793, 1086, 1087, 1354.
Ry
DAYTON, OHIO.
,
&
;
DANBURY. CONN.
& BETHEL STREET RYDANBURYIncorporated
May 1886, under the laws
of Con
7,
Or.QANIZATION.—
Has a perpetual special charter, the only street car com
necticut.
Danbury and town of Bethel.
Danbury Fair Grounds and the pleasure
pany serving the
city of
also extend to the
resort of
population served is estimated at over 30.000.
interest.
Outstand'g.
Date,
Last div., etc
Lake Kenosia. The
Stock & Bonds—
Stock ($323, 000, par$25)
IstM. $200,000, gold.... 1894
$320,000
200,000
Semi-an.
5g.
M-N
Its linee
See text.
May
1,
1914
Interest in Boston at Am. Loan & Trust Co., trustee.
Dividends In 1896-7, 4 p. c; in 1897-8, 4 p. c; in 1898-9, 2 p. c: is
1899-1900, H2 p. c; in 1900 01, l^a p. c; in 1901-2, 3 p. o. In 1903,
Jan., lifl p. c.
Road—Trolley road In Danbury and from Danbury to Bethel, and
to Lake Kenosia,10'6 miles in all; sidings, etc., I'l miles; total, 11'7
miles; 35 cars.
Report— For year ending June 30:
Net.
Int. <£ taxes. Dividends. Bal.,sur.
Oross.
1901-02
1900-01
1899-00
$78,380
73,868
69,955
$21,832
26,971
2:^,420
$12,941
13,282
12,558
$9,600
4,800
4,800
def.
$709
8,889
5,062
Officers— President, Samuel C. HoUey, Danbury; Vice-Pre8.,S. Hat
rison Wagner, New Haven; Seo'y and Treas., M. H. GrilHng, Danbury
DANVILLE,
ILL.
CO.
VERMILION RY. & LIGHT
Organization— Incorporated in Sept., 1900, at Charleston, West
Va.,to do a general railway and electric-light business. Owns the
entire capital stock of the Danville St Ry. & Light Co.; also contemplates bulliling additional lines of raO way in VermUif b County, 111.
Date.
interest.
Ouiatand'g.
Maturity
Stock & Bonds—
Sfk, $],0u0.000 ($100)
$1,000,000
Mtge. $275.000 ) 1900
let
A&O
5
210,000
Oct. 1, 1918
($1,000) CoU. Trust. 5 Int. at Portland Tr. Co., Portland, Me., TruBt.
Bonds are secured by a deposit of the whole capital stock ($700,000)
of the Danville St. Ry & Light Co
Entire issue is subject to call on
any interest date and retirement of $15.00 annually is compulsory.
Under this provision $65,000 have been called and canceled.
Report—Twelve months ending Dec. 31
1901.
1900.
1899.
1898.
1897.
Grose ... $202,691
$1^3,339
$145,237
$115,643
$106,527
Net
100,121
70,283
75,478
54,431
48.247
Officers—President, Geo. F. Duncan; Sec. and Treas., Edward
Woodman, both of Portland, Me. 'V.71, p. 603.
RAILWAY CO. -A
CITY
Franchises run for 50 years from Feb.
trolley road.
Stock
DANVILLE STREET RAILWAY & LIGHT.
in Dec, 1899, as a consolidation ol
the street railway, electric light, gas and steam heating interests.
Date, interest. Outstand'g. Maturity.
Stock
Bonds—
Stock, $700,000 ($100)
$700,000
Refund. M., $700,000, gold, J 1900 5 g. J-J.
525,000Jan.l,'10-25
0* (Int. at N. W. Harris & Co., N. Y. and Jhio.
$1 000
Bonds—The bonds are due $6,000 annually, Jan 1, 1910, to 1924,
Inclusive, and remainder, Jan. 1, 1925; $24,000 of old prior lien 6
per cent bonds are fctill out and $^7,000 of the new bonds are held to
take them up. These are included in the $525,000 reported above as
outstanding. SinkiuKfundof $6,000 per year begins Jan. 1, 1910, bonds
being drawn (at par and accrued interest) in numerical order beginning with number one; mortgage trustee is the Illinois Trust & Savings Bank, Chicago. Of the authorized Issue of $700,000, $175,000
are reserved for future extensions and Improvements. N. W. Harris
&Co. offered the bonds for sale in Jan., 1900.
COMPANY'S Property—The company owns the following: 1. Gas
works operated under special charter and a perpetual franchise. 2.
An electric-light plant is operated under a 99-year franchise, with
capacity of 10,000 incandescent and 400 arc lights, with dynamos for fur
Dishing power to street railway. 3. The entire street railway system
of the city, 11^2 miles of track, nearly all laid in brick pavement
running to three parks, the fair giounds, cemetery and railway
depots and National Soldiers' Home. Equipped with 50 and 60 lb.
Johnson T rails, with 17 motor cars (General Electric) and 3 trailers.
Officers— President, W. B. McKiuley; Vice-Pres., Geo. F. Duncan;
Sec'y and Treas., Edward Woodman, Portland. Me.; Gen. Mgr., S. L.
Nelson
Supt L. E. Fischer.— V. 66 p. 1114; V. 69, p. 1193; V. 70, p.
125; V. 71, p. 602.
Organization.- Incorporated
all
&
;
,
8, 1892, and April 19, 1893.
Date, interest. Outstand'g. Maturity
Bonds—
$1,490,600 See text.
do do
600,000
1891
65,000 Jan.l,'ll
Dayton* Soldiers' Home >
J-J
RR. 1st mortgage
S Interest at Chemical Nat. Bank,N. Y. City.
Dividends in 1897 there had been paid on preferred 6 per cent and
on common 5 per cent for several years. In 1900, 6 p. c. on both
com. and pref.; in 1901, 6 p. c; in 1902, 6 p. c; 1903, Jan., 1^ p. o.
on both stocks.
Road— Controls and operates in all 32 miles of track, namely, Third
Com. stock, $1,500,000 ($100)
Pref. stock,
$600,000 ($100)
6
6
p. c.
—
Street Line, iifth Street Line, Green Line, and Dayton and Soldiers'
Home Ry.; gauge, 4 ft. 8^2 in; rails, 70 and 90-lb. girder: operating
50 G. E. 800 double motor equipments, 50 summer motor bodies, 5()
closed motor bodies and 40 trail cars.
Officers—President, D. B. Corwin; Vice-Pres., C. B. Cleeg; Sec,
Valentine Winters; Supt. and Purch. Agent, T. E. Howell. Office, corner Jefferson and Third Streets, Dayton.
DAYTON SPRINOFIELD & URBANA ELECTRIC RAIL"WAY— (*ec Majy on page 30. J—A trolieyroad.
Is controlled by Arthur E. Appleyard, who also controls the Columbus London & Springfield, the Dayton Lebanon & Cincinnati and a
number of other roads.
Organization— Incorporated tinder the laws of Ohio. Franchise
permits the carriage of freight and express matter. Owns the stock of
the Sprlnsrtteld & Western Ry., which is operated as an extension. In
Oct., 1902, voted to increase stock to $l,.=i00.0u0, chiefly for doubletracking. In Jan 1903, leased the Urbana Bellefontalne & Northern
Electric Ry. for 30 years, and guarantees its bonds, principal and interest. V. 76, p. 157.
Maturity.
Date,
interest. Outstanding.
Bonds—
Stock
Stock, $1,500,000
$1,500,000 Feb.l5,'03,lp.C.
Nov. 1, 1928
IstM. ($750,000), gold, 5 1898 5 g, M-N
750,000
c* J
Int. at Continental Tr. Co., N. Y., Trustee.
$1,000
Can be called at 110 and int. after Nov.l, 1905. Sinking fund of 5 p.
o.of gross earnings begins Nov. 1, 1905.
DiVIDENOS-First div. of 2 p. c. paid Jan. 29,1902; also Aug. 15 2
p. c. In 1903, Feb. 15, 1 p. o.
Latest EARNINQS-For year ending Nov. 30, 1902. Grosa $193,082
net $90,092.
Road— Has 12 miles of track in Springfield, 2^ miles in Dayton and
212 miles in Urbana; also 40 miles between the cities; total 57 miles.
All completed in March, 1901. Private right of way over most of entire line, following turnpike 90 and 95-lt). girder rails used in cities;;
elsewhere 70 and 75-lb. T-rails gravel ballast; 21 cars.
,
&
;
;
Officers— President, John S. Harshman; Vice-Pres., R. Emory
Treasurer. W. R. Mitchell, 50 Stale St., Boston; Gen'l Mgr.,
Richard Emery. Office at Sprinsrfleld, O.—V. 68, p. 330; V. 70, p. 632;
V.71,
76,
(
I
p.
390; V. 72, p. 1080. -V. 73, p. 286,1312; V. 75, p. 611, 906; V.
p 157,212.
)
SPRINGFIELD & WESTERN RY —A troUey road.
'
.(1)
&
Stock
&
Bonds
Date.
Interest.
Outstand'g.
Maturity.
$250,000
stock, $250,000 ($100)
5g. J-D
1901
105,000
June 1,1921
Ist mtge., $250,000 5^
Int. payable at Cont Trust Co.,N. Y., trustee.
($1,000), g., 8. f...c'^;Guar.
Day t. Springf. Urbana by end.
p.
Bonds— $145,000
&
i.
&
by
of the bonds are still reserved for extensions
at the rate of 75 p. o. of actual cost. A sinking fund of 5 p. c. of gross
earnings becomes operative after June 1, 1906; after that date bonds
can be called at 110 and interent on any interest date.
Road— Owns and operates 74 miles of road on private right of way
from Medway (where connection is made with the D. S. <fe U. Elect.
Ry.) to beyond New Carlisle. Extension to Troy now under construction, making a total mileage of 18 miles Owns 260 acres of land,
which is used as a pleasure park. — V. 73, p. 288.
(2)
URBANA BELLEFONTAINE & NORTH. RY.— A trolley road.
Organization— This company is leased to the Dayton Springfield &
Urbana Electric Ry, which company guaranlres the oonds, both principal and interest, and owns practically all the stock.
Date. Intereit. Outstanding. Maturity.
Stock & Bonds—
$500,000
1922
500.000
5 Int. at Continental Tr. Co., N.Y., Trustee.
sinking fund of 5 per cent of gross earnings commences
Stock. $50j,o00, $101
1st mort $500,000, guar.
(Jl.OOO) gold
Bonds— A
)
1902
5
g.
FA
to call in 1907 at 110.
miles of track in the city of Bellefontalne and 18
miles between the cities, over priva'e right of way.
Officers— President. J. S. Harshman; Treasurer, W. R. Mitchell.— V75, p. 907; V. 76, p. 213.
after 5 yearj.
Bonds are subject
Road - Operates 3
DAYTON
LEBANON & CINCINNATI RY.-A
road.— (See Map on I'age 30.)
trolley
Organizat ON—This
is one of Mr. Arthur E. Appleyard's roads.
connect the points named lu the title, a distance of 54 miles,
31 miles of which was completed in Nov., 1902. Remainder is exRoad is operated in harpected 10 be completed about July 1, 1903
mony with the Dayton SpringUeld & Urbana and Columbus Lon-
Is to
don
&
Springfield,
which are controlled
in the
same
interests.
When
STREET RAILWAYS.
32
flnisbed will form part of a tlirougli line from Columbus to Cincinnati,
122 miles, entirely over private right of way, tlie whole of wMch is
Bteam railroad construction.
iTalurily
Date, interest. Outstanding.
Stock AND Bonds—
Stock, common, $1,500,000)
oii e:nn nno
$1,50U,UUU
.......\
($100)
Pref. 6% non-cumulative, )
i ann noo
i,uuu,uw
(
$1,000,000 ($100)
M-S
1,500,000 Sept.l, 1921
)
1901
5
let mortKage, $2,000,000,
g.,
c*^Int. at Continental Tr. Co.,N. Y., trustee.
($1,000) gold
Worlds— Are subject to call in 1906 at 110. Sinking fund of 5% of
gross receipts commences in 1906. Mtge. covers 22 acres of terminal
property in Dayton.
Officers— President, A. E.AppleyardBoston; Treas., W. R. Mitchell;
Secretary, Frank Brandon.— V. 73, p. 1312; V. 74, p. 93.
DAYTON & NORTHERN TRACTION CO.-A
trolley road.
Organization— Incorporated in Ohio in 1900. to transport passengers, freight, baggage; mail and express matter, and to supply electricity for l)ght,^heat and power.
Maliirity.
Date. l7iterest. Ouixtanding.
Stock
Bonds—
&
$4S0,000
Stock, $450.000
450,000 March 1,1925
1st Mtge. *450, 000 gold 5 1901 5 g, M-S,
Int. at Central Trust Co. N. t Trustee
o* I
($1,000)
Bonds— kxe subject to call at 105 and Int. on and after Mar. 1, 1S06
Latest EARNl^QS— For 3 months ending Dec. 31, 1902, gross, $23,820; net, $7,285.
Earnings— From Oct. 10, 1901 (when road was put in operation) to
Oct. 1. 1902: Gross, $37,025; net, $32,283; interest, »21,375; sur-
DENISON, TEXAS.
DENISON & SHERMAN RY.-A
Texas on
trolley road.
Organization- Incorjiorated in
menced operations May 1. 1901. In 1902
new first mortgage, bonds, $50,000 second mortgage
bonds and $100,000 additional stock. Old mortgage for «,'i00,000 will
be retired when new mortgages are made. Nothing as yet done regarding issuance of above.
to is8u« *3'0,00i'
Stock & Bonds—
Road— Operates 3912 miles of track, from Dayton to Greenville.
Mostly private right of way, remainder 25-year franchibes. Stand ard
gauge; 70-lb. T-rails.
OFFICERS-President, J. E. Lowes; Vice-Pres., E. Blmm; Sec. and
Supt., J. E. Fei^ht: Treasurer, W. B. Gobhart; Ass't Supt., R. E.
Deweese,— V.
7^, p. 76.
DAYTON COVINOTON & PIQUA TRAC-
TION.— A trolley road.
Organization- This was formerly known as the Dayton & Troy
name changed to the above in Aug., 1901. The D. & T
Traction was incorporatea in Ohio in Jan., 1900, to build a street rail
way from Dayton to Troy, but route was changed, and road constructed from Dayton to Covington and Piqua, aoout 32 miles: 70 lb.
Traction, but
Trails. Company acquired the right to use the track 8 of the People's
Ry. in entering city of Dayton.
Ontstarid'g. Maturity.
interest.
Date,
Stock and Bonds—
Stk. auth. ($100), +H00.000
$600,000
Pf.5% n -c ($l< 0),$5.'iO,000
550,000
4" 0,000 Apr. 1,1922
Itt mortgage. .$550,000, > 1902
5g. A-0
gold i$l,000)
c* S Int- iit Old Colony Tr. Co., Boston, Trustee.
iionrfs— $100,000 are reserved for extensions a.u'^ improvements.
Pres., D. Dwyer;6en'l Mgr.,E.C. Spring.- V. 73, p. 286; V. 76, p. 435.
DAYTON & TROY ELECTRIC RY.-A troUey road.
Organization.— Incorporated in 1900. Is built entirel.v on private
right of way. Completed in December, 1901.
Rails 70 1b. T.
Powerhouse located at Tippecanoe City, Ohio. Stock, $500,000 ($100)
common, and 3500.000 ($1C0) preferred; cumulative 5 per cent. No
bonds contemplated In May, 19('2, took over the Miami Valley Ry.
under perpetual lease at a rental of $9.ti00 per annum, which is applicable to the ^took of $300,000, mortgage havin.g been canceled.
Road— Owns and operates 30 miles of track (10 miles double, 10
miles single) between Dayton and Troy. Leases the Miami Valley Ry.,
extending from Troy to Piqua and comprising 17 ^2 miles of track.
Total track. 47 12 miles.
Officers-- President, Valentine Winters; Vice-Pres. and Gen. Man.;
H. P. Clegg; Secretary, Chas. B. Clegg; Treasurer, J. H. Winters.
General othce, Piqua, Ohio.— V. 74, p. 1251.
DAYTON &—AVESTERN TRACTION-TroUeyroad
&
Stock
Bonds
Date,
Stock, $400,000 (par $100)
Do
interest.
A.-O.
pref., $400,000, 5 p.c
Outstanding. Maturity
$400,000
Q.-J.
^00,000;
Bonds were canceled and the above preferred stock
terly dividends of l^^ p.
c.
jl^^Pg^g
issued; quar-
are paid.
Road— Dayton,
Ohio, to Eaton, 25 miles, operated from June 26.
An exten.sion of 16 miles to Richmond, Ind., is
tinder construction and to be completed by April 1, 1903.
Officers- Presidentand Gen. M'g'r., V. Winters; Vice Pres't.,Cha8.
B. Clegg Secretary, J. H. Winters; Supt., Howard Fravel.
1898.
V. 66, p. 708.
;
DAYTON & XENIA TRANSIT CO.-Trolley.
in 19OI, as a consolidation of the Daythe Rapid Transit Co. of Ohio. The Dayton
& Xenia Traction had in 1899 purchased the Dayton Spring Valley &.
Wilmington Transit Co.
interest.
Outstand'g.
Maturity.
Stock
Bonds— Date.
Organization— Incorporated
ton
& Xenia Traction and
&
Stock, $800,000
$800,000
lBtmort.,$800,000, ) 1901
April 1, 1921
5 g. A-O
600,000
gold ($1,000). ..c* s Interest at Old Colony Trust Co., Boston, Trustee.
iJ0J)d«-The old issues of 1899 and 1900 of $300,000, each were retired by the new mortgage.
Road— Owns and operates 51 miles of road from Dayton to Xenia.
and Irom Dayton to Spring Valley, of which about 20 miles is over
private right of way.
Extensions contemplated.
Officers— President, Clement J. Ferneding; Treas., Edward Canby;
Sec, O. O. Ozias — V. 70, p. 175; V. 71, p. 341; V. 73, p. 82; V. 74, p.
205.
RAIL^WAY.-Owned by the
PEOPLE'S STREET of
lUe latter under Philadelphia.
American Rye. Co.— bee statement
DECATUR,
ILL.
DECATUR TRACTION AND ELECTRIC
Trolley road.
Organization— Organized Oct. 20 1899, under Illlnola law, as successor to the City Electric Railway (of Decatur) sold at foreclosure
September, 1899, and bought in by the bondholders.
Date, interest. Outstand'g.
Mntur'v
Stock & Bonds—
Stock, $250,000 (par $100)
$250,000 Jan.,03,1 i^%
207,000 Jan. l,192o
5 J-J
1st mort
*2SOOOO r(1900
^"f- '^* IH'nois Tr. & 8av. Bank, Chicago,
($5^0 ana
and $1
060 each).
eachf"^^,pj.j,3^
($500
$1,000
^j. Knickerbocker Trust Co., N. Y.
Road— 131s
miles of trolley track.
Officers— President, B. W. Campbell, Cincinnati; Secretary and
Treasurer. W. L. Shellabarger, Decatur.— V. 68, p. 129; V. 69, p
333, 541, 905; V. 70,
p.
945.
Date.
Outs'nndlng.
Interest.
Maturitij.
Stock, $200,000 $100.
$100,000
300,000
Jan. 31, 1931
Ist Mtift^, $500,000 > 1901
5 g J.-J.
gold ($1,000)
Farmers'
Loan
Int.
at
& Trust Co., Trustee.
5
Bonds— Axe subject to call on any interest date o" or after Jan. 1,
1911 at 106; $200,000 are reserved for extensions and betterments.
Road— Operates 16 miles of track (lO^a miles between Denison and
Shermar, and I2 miles in the cities).
Earnings-Twelve months ending April 30, 1902, gross, $78,208;
.
;
net, $36,031.
Officers— Prest. and Treas., .T. P. Crerar; Vice-Prest... .John Crerar;
Sec. and wen. Mgr.. Fred H. Fitch; Ass't Scc'y, H. H. Barde; Supt.;
H. T. Morrison.- V. 74, p. 1355.
DENVER. COL.
TRAMWAY COMPANY--
,
plus, $10,413.
27, 1900. Comsticiihol 'ers gave authority
August
DENVER
CITY
Electric.
In May, 1902, the Denver
changing its securities for
<fe
Northwestern
obtained control, ex-
R.y.
Denver ity Tramway stock. See V. 74,
p. 1038, and that company's statement below.
Organization.- Consolidation in March, 1899, per plan in V. 67, p.
1262, of the Denver City RK. and the West End Street RR. (both sold
under foreclosure on Dec. 15, 1898), with the Denver Consolidated
Trmnwav. V. 6K, p. 281, 473. Also owns and operates the former
Colfax Ave. Electric, which was sold at foreclosure in February, 1899.
In luly, 1899, the Denver Board of Supervisors repealed the socalled blanket and perpetual franchise of 1885, as to unoccupied
streets; tlie question as to the power of repeal is pending in the courts.
On March 21, 1900, the right for 20 years to operate the cable lines
by electricity was granted bv the city, and on April 1, the change of
power was made— V. 68, p. 1023; V. 69, p. 228.
Outstand'g.
Maturity.
Interest.
Stock and Bonds— Date.
..
$5,000,060 Mayl5'0/,1%
stock $5,000,000 ($100) ....
498,000 July 1, 1908
6 g. J.-J.
Denver Tramway 1st, g. 1888
1,219,000 Jan. 1,1910
6 g. J.-J.
Consol. M., gold.. c*Ar. 1890
953,000 Jan. 1,1911
6 g. J.-J.
Met. St. RR. l8t, gold. ..1891
5 g. A.-O. » 1,167,000 Oct. 1,1933
Denver Con. Tramway
„ ), 1893
<
.
Con.M.,$4,000,000,g
<
,
,
Interest at Mercantile Trust Co., N. Y., trustee
Apr. 1, 1919
5g.A.-0.
2,000,000
^* Central Trust Co., New York, Trustee.
and $500)
c* (
a No more bonds can be issued under this mortgage.
The new mortgage is a first lien on the Denver City and West End
properties and a lieu on the Denver Consolidated Tramway junior
to its existing mortgages, to remain outstanding and be assumed.
Abstract of Denver Consolidated Tramway consol. M. of 1893, V. 52,
^f*2^oSn'o''om2oMl399
'^^^-
p.
354.
Road— Owns
about 143 miles of electric track.
Dividends.— First quarterly dividend of 1% was paid Mav 15, 1901;
also Auu. 15, 1%; Nov. 16, 1%; in 1902, Feb. 15, 1%; May 15, 1%.
None since.
Earnings- For calendar years ending
Gross.
Deo, 31
Charges.
2fet.
Surplus.
$305,785
$6«8,965
$383,180
205,548
374,291
579,839
Officers— President. Wm. G. Evans; Vice-President and General
Manager, John A. Beeler; Secretary and Treas Geo. E. Rtss Lewln.
— V. 70, p. 686; V. 72, p 872; V. 74, p. 426, 1037, 1195.
1901
1900
$1,507,293
1,302,290
,
DENVER & NORTHWESTERN R Y.-An
eleotrio
road.
OflGANiZATION.-Incorporatedln June, 1901, to construet an elecrailway of 12 mUes from Denver northwest to the coal fields; also
8 miles of road to a summer resort. In Feb 1903, about 12 miles had
been completed and large extensions were being planned In May,
1902, obtained control of the Denver Tramway Co. thi-ough exchange
or its securities for the stock of the same. See terms in V. 74, p. 1038.
Practically the whole isi-ue of Tramway stock has been exchanged and
is deposited as collateral under the new mortgage.
tric
.
&
Maturity.
Date.
Interest. Outstanding.
Bonds—
Stock
$6,000,000
Stock, $6,000,000 ($100).
May 1, 1932
6,000.000
coll. mort.. g., *6,-" 1902 5 g. M-N
1st
int. at Mercantile Trust Co.. N.Y., trustee;
000,000 ($500 and $1-,
000
c! also ottice of company in Denver.
Bonds. Can be called on any interest day at 105 and Interest upon
&
90 days notice.
Officers- President, S. M. Perry; Secretary,
urer, Thos. Keely.— V. 74, p. 1037.
F. G. Mottat; Treas-
DES MOINES, IOWA.
DES MOINES CITY RAILWAY-A trolley road.
Organization— A consolidation
freight.
Stock
in 1893.
Is
authorized to carry
Franchise perpetual.
&
Bonds—
Miles. Date,
Stock, com., $2,750,-)
5
000 ($100) ..
Pf. «tk,6 p.o.,nou-cum, (
$250,(00
interest.
Outstand'g.
Maturity.
$1,055,000
\
250,000
47C,000 Oct.
47(«,000
6g.A-0
($25^,000 due yearly) to Oct.
1, 1903
«*t
RTf latAT
1, 1919
ll
O^o'earh
eacu... \
$i,ooo
^American Tr. & Sav. Bk (niicaao. Trustee.
Jan., 1908
269,000
^^ 1890 6g.J-J
n«fl Moines Sub Rvf
Ry.
Des
($20,000 due yearly) to Jan., 1921
^
Interest at aiemical National Bank, N.Y. City.
*i
nnn ^f.?i^
h\
eaon
$i,uoo
o ^
Trustee, Iowa Loan & Trust, Des Moines.
5g.A-0
966,000 Apr. 1, 1921
D Mo Pitv Rv ref C Infest^^^l
at N. w! Harris, N. Y. City; also Chicago.
J^^i<r
nnn nnn j
Savings Bank and
Trustees. Illinois Trust
^..
!? /ffi?Aoo\'
n Mn
<
23
'
ir^ld
goitt,
1889
'
"
%
g. ($i,000)
•
<fe
I
J
Wm.
H. HenkleofClJicago.
Bonds— Ot the new mtge. bonds of 1901, $882,000 were originally
reserved to retire the underlvin.g sixes then outstanding. Of the
$966,000 58 reported outstanding, $5,000 have been deposited with
Illinois Trust & Savings Bank to be held in lieu of $4,000 Des Moines
Bonds can be called on any interest
City Railway 6i stilt out.
date after April 1, 1906, at 106 and interest. Sinking Fuud becomes
operative as follows; $10,000 yearly on April 1 from 1906 to 1910,
$15,000 from 1911 to 1915, and $25,000 from 1916 to 1920. The rematniug bonds may only be Issued to pay for 80% of cost of extensions,
proviting net earnings are 50% inexooas of Interest charges upoa all
bonds outstanding, including those to be issued.
Road.— Operates 65 miles of track on 33 miles of street. Interurban extensions, aggregating 100 miles and to be operated as passenger and freight lines, proposed.
STREET BAIL'WAYS.
Oper. exp.
Net.
Gross.
Tears ending Dec. 31.
$308,536
$184,181
$492,717
1902
250,485
147,354
397,839
1901
229,722
123,312
353,034
1900
203,297
95,894
299.191
1899
Officers— President, J. S.Polk; secretary, A. G. Malsh; Treasurer
and General Manager, Geo. B. Hippee: Superintendent, A. G. Maish. -
V. 74, p. 936; V. 75, p. 611; V. 76, p. 265, 330.
INTERURBAN" RY.-A troUey road,
Organization — riiis company was incorporated In Iowa to construot an extensive system of interurbaa roads connecting -witli Des
Moines; 25 miles, connecting Des Moines and Colfax, were put in operation Feb. 15, 1903. Cars enter Des Moines over tracks of Des
Moines City By.
&
interest. (hitstandUig.
Maturity.
Date,
Bonds—
Stock
Stock. $550,000 (.$100)
$550,000
Apr. 1,1921
475.000
1901
5g. A-0
Ist Mtge., $3,000,000, )
Savings Bk., Chicago, Trustee.
gold ($l,OoO)
S Araer. Trust
Sonf/s— Interest's payable at office of N. W. Harris & Co., Chicago.
Bonds are subject, to call aft«r 1906 at 10.'5.
Officers— Pre-ident, H. H. Polk; V'ce-President, A. «'. Harris; Secretary, W. I. Hasldt; Treasurer, Ge>). B. Hippee.— V. 74, p. 630.
&
DETROIT. MICH.
RAILWAY.-CAce
DETROIT
UNITED
34). Trolley.
33
Bonds.— Of the consolidated mortgage $1,100,000 are reserved to
retire bonds of like amount of the D. R. R. & Lake O Ry. and $500,000
for extensions.
Consolidated bonds are subject to call at 100 and
Interest after August 1, 1911, on 60 days' notice.
Both issues »re
ifuaranteed by the Detroit United Railway; as "additional collateral
•security" on the Flint bonds 1st consol. 4:^ p. 0. bonds of the Detroit
United are deposited, $ for $, with the Guaranty Trust Co. of New
York, and would be available in the event of default on the Detroit &
Flint bonds.
Report.— Annual report for the year ending December 31 was pubished
V. 76, p. 262.
1902.
1901.
Gross earnings
$3,473,140 00 $2,919,171 36
Operatingexpenses, including taxes... 1,967,532 00
1,596,765 60
m
Net earnings from operation
Income from other sources
Gross income from
all
sources
$1,505.608 00
28,614 00
$1,322.405 76
23,066 99
$1,534,222 00
$1,345,472 75
$815,004 00
500,000 00
$675,343 75
500,000 00
$219,218 00
$170,129 00
Peiiuctions—
Interest on funded debt
Dividends
Surplus income
DETROIT UNITED RAILWAY, RAPID RAILWAY SYSTEM AND SANDWICH
WINDSOR AMHERSTBURG RAILWAY COMBINED.
<fc
Map page
Gross earnings
Operating expenses, including taxes
$3,961,402 88
2,260,786 36
Organization.— Incorporated in Mich. Dec. 31, 1900, and took over
franchises and properties of the Detroit Citizens' Street Railway, the Net earnings from operation
$1,700,616 52
Detroit Electric Railway, the Detroit Fort Wayne & Belle Isle and the Income from other sources
31,247 52
Detroit Suburban. V. 72, p. 44, 183. Embraces all the street railway
Unas in Detroit. Detroit United Railway stock has been listed on the
Gross income from all sources
$1,731,864 04
New York Stock Exchange also DetroitlCitizens' Ry. consol. 5s.
Dedueiions—
LatPr absorbed by purchase the Detroit & Northwestern Ry., which Interest on Funded and Floating Debt...
$948,902 40
Is known as the Orchard Lake division, the Detroit & Pontiao Ry.
Dividends
500,000 00
known as the Pontiao division, the Wyandotte & Detroit River Ry.
known as the Wyandotte division, and the Detroit & Flint, formerly
$1,448,902 40
the Detroit Rochester Romeo & Lake Orion Railway, and known as
Surplus
income.
.
$282,961 64
the Flint Division. Owns entire capital stock ($2,000,000) of the
Detroit & Port Huron Shore Line.
Dividends First dividend of 1 per cent on Detroit United stock was
In Aug 1901, purchased 2,970 shares (all) of the stock of the Sand- paid March 1, 1901, and regular 1 per cent quarterly since then.
wich Windsor & Amherstburg Ry.; 180 shares (all) of the stock of the
Road.— On Jan. 1, 1903,'operated 38 3 miles, as follows: Detroit
City Electric Ry. and the People's Electric Light plant of Windsor, Ont.
The United States Supreme Court on March 3, 1902. decided that the United, 189-51 miles; Wyandotte & Detroit River Ry., 11-28; Detroit
Flint, 85-07;
ordinance of 1 889 compelling the Citizens' Street Ry. to sell 8 tickets Northwestern, 58-55; Detroit & Pontiac, 36-91; Detroit
total, 381-3. This is independent of the Detroit ife Port Huron Shore
for a quarter was invalid. (See V. 74, p. 528.)
Line, which is separately operated, and comprises 1207 miles, and of
Date.
Interest.
Ontstatul'g.
Maturity.
Bonds—
Stock
the Sandwich Windsor <fe Amherstburg Ry., 19-ti4 miles, making altofttook,$ 12,500.000 .,
$12,500,000 1% Jan.. 1903 gether 522 miles owned and controlled. Rails, 77, 85 and 98-lb. steel.
4i2g.
IstconsoL M.,$25,-;
1902
J-J
1.775,000
Jau. 1, 1932 Does an express service.
000,000, gold ($1.- Guaranty Trust Co., N. Y., Trustee.
0*'
Officers—Chairman of Board, H. A. Everett, Cleveland; President
Int. at Kean. Van Cbrtlandt & Co., New York.
000).
Bonds- Of the $25,000,000 authorized, $15,880,000 were reserved to and (Jeneral Manager, J. C. Hutohins, Detroit; Vice-President, Arthur
retire underlying liens (of which $275,000 have been issued), $3,000,- Pack. Pontiao; Treasurer, George H. Russel, Detroit; Secretary.
000 for present use (of which $1,500,000 have been Issued), and the Edwin Henderson, N. Y.; Assistant Secretary, A. E. Peters, Detroit.
balance, $6,120,000, for acquiring new properties at the rate of 75% General offices, 12 Woodward Avenue, Detroit —V. 71, p. 1310; V. 72,
of cost, and are only available on a two-thtr(& vote of the stockholders. p. 44, 136, 183, 241, 338, 391, 627, 722, 935, 1135, 1187; V. 73, p. 137,
Entire issue, but no part thereof, is subject to call at any time at 105 236.337,391.494. 553, 615, 957. 1061, 1111; V. 74. p. 41, 151,205,
H2S. 326. 378, 629, 727. 775, 936, 1038, 1195; V. 75, p. 134, 549, 980,
on 60 days' notice.
1301; V. 76, p. 262, 435.
DETHOIT CITIZENS.
Detroit Citizens' 1st) 1895
5g. J-J
$6,585,000
July 1, 1905
SHORE LINE RY.—A troUey road.
(1) DETROIT & PORT
Con. M., $7,000,000 > Trustee, N. Y. Security & Trust Co., N. Y.
Entire outstanding capital nock is now owned by the Det. United Ry.
'c ) Interest at Kean, Van Cortlandt & Co., N. Y.
($1,000) gold
Guaranteed under terms of lease :—
Organization. incorporated in May, 1900. Is a consolidation of
Det. Suburban Ry„ ) 1893
5 J -J
140,000
Jan. 1, 1908 the Rapid Railway Co., the Det. Mt. Clemens & Marine City Ry. (the
iRt mort., $250,000, ^Trustee. Union Trust Co., Detroit.
purchaser of the properties of the Mt. Clemens & Lakeside Traction
o" 3 Unissued bonds have been canceled.
($1,000) g
Co. and the Detroit & River St. Clair Ry.), the Port Huron St. Clair <fe
Bonds— Oi the consolidated mortgage for $7,000,000, $415,000 were Marine City Ry., the Connors Creek & Clinton River Plank Road
reserved to redeem the two Issues of underlying bonds; but the $275,- Co. and the City Electric Ry. of Port Huron. The new company
000 Detroit Suburban bonds which matured Nov. 1, 1902, were taken owns the capital stock of each road. The consolidated company
up with Detroit United 412S.
operates all the tracks in Mt. Clemens and Port Huron, and the
through route from Detroit to Port Huron running through Mt.
DETROIT ELECTRIC.
Detroit Railway
Date.
Interest. Outstanding.
Maturity. Clemens, New Baltimore, Algonac, Marine City and St. Clair. Also
1st M., g. ($1,000), on 5 1895
5g. J-D
$1,800,000 Dec. 1. 1912 owns the capital stock of the Dettoit & Lake St. Clair Ry
56-34 miles
o*&r. < Int. at Cleveland Tr. Co.Trus.
to 1924.
Date.
Interest. Outstand'g. Maturity.
Stock and Bonds—
^3t. Elec. Con. M.., 92,800,- S 1896
5g. J-D
1,000,000 Dec. 1,1916 Stock,
$2,000,000
$2,500,000 ($100)..
000, gold ($1,000).. o*«&r i Int. at Oleve. Tr Co., Trustee. As to Dec,
1900
5 g. J-J 1.392,000 Jan.1,1950
1897. interest, see V. 65, p. 1219.
1st M., $2,500,000 ($1,000)
Union Trust Co., Detroit, Trustee.
cannot be called, g.c*<tr. .Int. at American
Bowd«—First mortgage bonds of the Detroit Ry. numbered 1 to
Exch. Nat. Bank, N. Y.
600 mature id order of numbers at $50,000 per annum, beginning
Bonds.— Of the new 1st mortgage, $783,000 is set aside to retire
Dec. 1, 1912; numbers 601 and above mature Deo. 1, 1924. Detroit
Electric consolsfor $1,800,000 are reserved to retire the first mortgage underlying liens (namely the bonds of the Rapid Railway and of the
City Electric Ry. and the Port Huron St. Clair & Marine City Ry.);
bonds as they mature.
and $325,000 is reserved for extensions and acquirements.
;
—
,
1
&
&
&
I
•
I
HURON
—
—
•
DETROIT FORT WAYNE & BELLE ISLE.
Date.
interest
Outstand'g.
Maturity.
Bonds—
$1,200,000 Apr. 1. 1927
5g. A-O
1st mtu
e SI 200 000 ^ ^898
^"
J N. Y. Security
Trust
RAPID RAILWAY.
Bonds—
&
Co., Trustee.
*^'^""'"H"
c r^
(Subj. to call at $105 & int. on 60 d. notice.)
Interest at Kean, Van Cortlandt <fe Co., Sew York.
DETROIT
KORTHW^ESTEBN RT.
4i2g.M-N' $855,000 May 1, 1921
1st mtg., $1,000,000, g., ) 1901
0*. 5 Int. at Union Trust Co Detroit, Trustee.
$100, $1,000
Bonds— Ave guaranteed principal and interest by the Detroit United
Ry. by endorsement and are subject to call at 105 and interest on 60
days notice after May 1, 1911.
Date,
Ist mortgage, $300,000,
c*
($1,000)
1st Consolidated mtge.
f«i
nnni
»!px,uuu)
S
5
Maturity.
O^itstanding.
interest.
1895
M-S
$300,000
Mar.
1,
1915
Finance Co. of Penna.,Phila., Trustee.
5 g. M-N
May 1, 1916
< 1896
$300,000
$600,000 (gold).-...c*. (Int.atFinanceCo.of Penna.,Phila., Trustee.
Of the consol. mortgage bonds of 1896, $300,000 are reserved to
take up the outstanding first mortgage bonds.
city ELECTRIC RAILWAY (OF PORT HURON)
<fc
,
Bonds —
i
Int. at
Date.
Maturity,
Outstand'g.
interest.
Mar. 1, 1913
$180,000
6g. M-8
\ Subject to call at 105 and int. after Mar. 1, 1903
„„i^ !t.i,uou
*i'nn<T
goiQ,
^ Interest at Hanover National Bank, N. Y. City.
Bonds—The mortgage trustee is the Union Trust Company of Detroit
DETROIT & LAKE ST. CLAIR RY. CO.
y^t
DETROIT & PONTIAC RT.
5g.F-A
1897
$500,000 Feb. 1, 1922
Ist mortgrgp, $500,000,
('ashington Trust Co.. N. Y., Trustee.
G
$1,000, gold
Int.
I
at
State
Savings
Pank Detroit.
I
Ist Con. M ,g.. ($1,000) > 1901
$600,000 Junel.1926
4»2!C. Jo
$1.100.000
cA-rSInt. at Washington Trust Co., N. Y., Trustee.
Bonds— $500,000 consolidated mortgage 4ifl p. c. bonds are reserved
to retire like amount of 1 st mortgage bonds. Bonds are subject to call
at 105 and interest on 60 days' notice after June 1, 1911. Principal and
Interest of both Issues guaranteed by Detroit United by endorsement.
WYANDOTTE & DETROIT RIVER RY.
Ist mortgage, $200,000)
893
6g.J D
$200,000 June 1,1903
($1,000) g
c*. S Union Trust Co Detroit, Trustee.
l6tcon8ol.M..$425.000, ) 1898
5g.J-D
$225,000 Dec. 1, 1918
$1,000, gold
c* S Int. at Union Trust Co., Detroit, Trustee.
Bonds.— Of the $425,000 consolidated mortgage bonds, $200,000 are
reserved to retire bonds of like amount maturing in 1903.
DETROIT & FLINT RAILWAY.
Organization— The Detroit Rochester Romeo v Lake Orion Railway
purchased the property of the Detroit Lake Orion & Flint Railway.
The Detroit
Flint Railway was organized to acquire the Detroit
Rochester Romeo & Lake Orion, together with the North Detroit
Electric Railway and the Detroit Utica & Romeo Railway. The consolidated mortgage is a Brst lien on these last two properties.
T„^^
^oc\f\
{\c\c\
'
1893
i.
'
Mnturity.
Outstand'g.
April 1,1920
5 g. A.-O.
$290,000
S Interest at Union Trust Co., Detroit, Trustee.
Bonds. The bonds are guaranteed, principal and interest, by the
Detroit & Port Huron Shore Line Ry., the Rapid Railway Co. and the
Detroit Mt. Clemens & Marine City Ry.
Bonds—
Date.
Interest.
1900
Ist Mtg., $400,000,
gold ($1,000)... c*
—
PORT HURON
ST.
Bonds—
,
1st mort.,g., $300,000)
& $1,000)
CLAIR & MARINE CITY RAILWAY.
Date.
Interest.
Outstand'g.
1900
5 M-8
$3,000
Maturity.
Moh.
1,
1920
Union Trust Co., Detroit, trustee.
The remaining $297,000 bonds have been canceled.
($500
Road—Total
.
Det.
.
- .
s
& Port Huron system, 120-7 miles.
Earnings- For vear ending Deo. 31, 1902, were, gross, $422,070.
net earnings, $169,067
operating expenses and taxes, $253,003
;
other income, $3,849; total income, $172,916; charges, $130,068; balance, $42,848.
Officers— President, J. C. Hutchins; Vice-President, F. W. Brooks!
Secretary, A. E. Peters: Treasurer, Geo. H. Rusael.- V. 70, p. 686; V,
72. p. 136, 282, 1237; V. 74, p. 205, 267, 326; V. 75, p. 134.
<te
Maturity.
Date. Interest, Outstanding.
D. R. R. & L. O. Ry. 1st mtg., 1 1900 5g. J-D $1,100,000 June 1. 1920
S. F. gold ($l,u00) $1,500.- Int at American Trust & Savings Bank,
000; umissued bonds have
Chicago, Trustee; also Guaranty Trust
(2)
SANDWICH WINDSOR & AMHERSTBURG BY,— A
trolley
1
been canceled
c*
Det. & FUnt 1st consol. M.,
g., $3,000,000 ($1,000).. c*
|
J
)
\
Co., New York.
1901 5g. F-A $1,400,000 Aug. 1, 1921
Int. at City Tr. Co., New York, I'rustee.
road.
Organization- Incorporated under special charter from Province
Entire capital stock is owned by the Detroit United
of Ontario.
'
Railway.
STREET RAILWAYS.
34
MAP OF THE
DETROIT UNITED RAILWAY SYSTEM
o
SJ
!Applega?t
DETROIT & PORT HURON SHORE LINE RY.
^
^KAPID RAILWAY STSTEM)
&
aCrosweli
SANDWICH, WINDSOR & AMHERSTBLRU
tJ
RY.-^
Amarta
Ki^e
.Blai
V
^
Brown Cy
o
Co
\
V
Avoca
''er?
Lynu^
Mt. Salem
\
Goodland \
o
<>
IXMuTsville
^ ^TaS Island
Buri
*
Emniett jD-T^
Carlton^
ales
Idlewildl
Suinniervillel
\
Otter^^ke^i
Lamb/
A.
\
""•a-
Stanlev,*:^ Inilav C
Ottisvilli
Attica
Dryden\
I
lAVks.
-^Col.Iroii^
\?
Sniitli's^^^
AlmSnt/'/^
"^Kfehtor
3i3
sr
>
I
P^
\
t!,vv>'
-'G
"*'>
-^A.
Road
>.
A
>»/Ocx.\
Lepilard
,
-V^
l5.eilOX
TRUNK
Hunter Creek"^
\
Flint River Jc.
\
Hbpkiu's RoadV^^^^^^
\
t
ST.
The )aklaud\,^
Berville,^^'5^^niph is;
/?
1
Lapeer^
Martin_^^^
'\
A
-t«'
Saruia
,
PORT
\
Fostori
Kiuss Mills^
\
Yale
pere
\
VVassar
Atkins
Melvin
\Cliffrtrd
k-
^
\
?
FLINT^
o
.
I
\
and,T„
Grand
Blanc\
iP^Swartz Creek
/^
/
^ACrapo Farm
K
'
X
Otterburn
-
'Durand
Cole ^
TRUNK
^Sfo^-'o/,
Davisburg
Linden
Gaines
^
^^,
-'^ M
^MT.dlfEMENS lt41>
,
Creek
OCHESTER^
'/w^^
.^
W*
M
^^side
Hamlin^^
\
W.u{ic£
tica^
jMaple Club
L
|'4efferson
TrovT
|,\E-"Anse
ST.
.
Beach
Creuse
3
Drayton Plains
Sylvan Lakei
Rose Cen/
i3iairvie\v
\
Brvon
LB^r-
"
J\Vashingtor
\#,i
G,o°^^'
Fames
\ HollyN
Fenton
grand
y'^-^^^cT^
^^^^^^^^
^-'^
^'
^^T^
\
^
\ °7
'Duffleld
A
,/
\
Royal OakV;—
Highland^
lOak Grove
Tiiiiugtonwy
DETI
Xnilford)
-WALKERVILLE
CWINDSOR
\
VWixonv?
GreenftSi>
Newv
e\\ Hudson c
.^s4,
'"**„
\ Fowlerville
^
5>-e,
Howeir\7iii"
^^
'
Brigliton
NORTHVILLE^
2f\
Q
Ma
Chilson
\
\
'Whitmore Lake
/^ilanUiurj
\
\
Dearborn^
Plymoutlr
\
'>Gregorj-^
•^
-^^^
/
.
ANN
^'^
^^^NE^
Dentofisy^^
A(
TRENTON^JjV
Gibraltar
/*
T
SALINe«
Roots
.V
Fredonia
c
Urania
'^X
^
?l
?|l-
s'
Stony ^i-eekM
<
z
/%--'="'
\
MONROE
^\o!;
^J^y^
^JACKSON /V^"* o
'Manchester
Leoni
Center/^
\/
^<ilS
La
\^'
Brooklyn
Ne\vpt)rt
'•A
*^/
icliigan
UjA
Graf/on\
Mila
/fyy/^ Grass ^Lake
Van ^orns
/W\^^ ,^
WhittaKer
°
J'Vancisco
j
A
^>
\
Salle/
<;
Tecumsehj
^
,
\
\
Woodstocli
\^
Blissfield
Jeroirie?
.AMHERSTBURG
(^
)
Beldenb
Waltz
Willis,^
Lima
\
Jc/
LR<><5-J'''>'>,,
>^^/
J
/*-"
I'l
'^Chels
'
*
Ecors
WYANDOTTEl
Slociiiu's
tiMunith
SANDWICH
\Sheldon
Pincknej^^p^-"^
Stockbridge/
\
Inksteiv
V
Hamburg Jc
-Essex
n^enter
,
."QUE tte
Pettysville
° Iosco
*-
y'on
'South Lyons
V
M
\
x^
TOLEDO
o
STREET RAILWAYS.
&
Mnturity, '^it'd'
Omslanu'g.
$297,0C0
July ?/.'02, 2^*%
Nov. 1, 1903
140,000
1898
IstmortKage ...
47io%
None.
Dec. 1, 1922
Consol M. $600,000 ) 1902 4i<. g. J-D
gold ($1,000) ..c* 5 National Trust Co., Ltd., Toronto, Trustee.
Bond«— Interest is payable at the company's oflSoe; $140,000 of the
consol. 4^28 are reserved to retire a like amount of first mortgage lionds
Stock
Date,
Bond-;—
interest.
Stock, $ouO.O00. $100
.
,
.
The new i'^s are subject to call after Deo. 1 1 912, at 105.
Earnings— For calendar year 1902 were: Grops, $66,192; operating
,
expenses and taxes, $40,250: net earnings, $2i,942; other income.
$9,408; total income, $35,350: fixed charges, including $7,875 dividends, *14,454: surplus, $20 896.
Road— Operates 1712 miles of track in and between Windsor, Sand
wich and Walkerville Operates City Ry. of Windsor (2-52 niilet)
unaer lease. Total operated, 1964 miles. An extension of 495 miles
to Amherstburg was completed Jau 1903.
OFFiCEP.s-President. a. A. Everett, Cleveland; Vice Pres. and Treas.
,
Secretary, A. E. Pdters, Detroit -V. 75, p-
J. C. Huiohifls, Detroit;
1303, 1400.
YPSILANTI ANN ARBOR &
DETROIT RY.JACKSON
The Grand Rapids Grand Haven & Muskegon Ry.
is
controlled in
the same interests.
Organization— Organized in 1901; absorbed by purchase the De& Ann Arbor Ry., the YpsUantl & Saline Electric Ry.
and the Detroit & Saline Plank Road Co. Has trackage over the
Detroit United Railway On Nov. 1, 1901, Messrs. Hawks and Aneus
troit Ypsilanti
purchased the capital stock of ihe Lansing City Electric Ry., 10 »a
miles. This property, however, had not been merged up to Feb 1903.
,
&
Maturity.
Outstanding.
Stock, com. ($2,600,000)
$2,000,000
Feb. 1, 1926
1,610,000
Istconsol.M, $^600,000) 1901 5g. P-A
($500, $1,000), gold..c* 5 Int. at Detroit Trust Co., Detroit, trustee.
Nov. 1,1917
600,000
1897 6g.M-N
Stock
Bonds—
Date.
Interest.
^?$60U W)tr°^ Y$500 ^r X Interest
)
$1 000 each?"
at
Union Trust Co.,Detroit, trustee
Det. Yp. & Ann Ar. Cons. S
let M., $1,000,000 gold ( 1899 6g.F-A
330,000
Feb. 1, 1924
($500 & $1,000 each), (Interestat Union Trust Co.,Detroit, trustee
8. f.,
Yp.
annualy
& Saline
,
6
1st M.
60,000
and Bonds-Ot the ew
Ist mtge. of $2,600,000, $990,000 are
reserved to retire underlying indebtedness. First consol. bonds can-
Stock
i
not be called.
Earnings.- For year ending April 30. 1902 (without Jackson exten
Bion), gross, $245,877; net, +92,396; charges, $59,400; surp., $32,996.
Road— Completed and in operation from Detroit (through Wayne
and Ypsilanti) to Ann Arbor and to Jackson: making mileage 100
miles, of which 40 miles over private right of way. Rails 70 and 75Does a freight business.
Ib. T and girder.
Officers— Pres., James D. Hawks: Vice-Pres., S. F. Ansrus;
">flice, Peninsu'ar Bank
Sec, F. A. Hinchman; Treas.. 8. F.Angus.
Bldg., Detroit.— V. 68, p. 282; V. "3, p. 957. 1159. 1207; V. 75, p ObO
(1)
&
Bonds—
Stock, $100,000
iBt M., $100,000, gold.
Date,
interest.
1896
5
road.
Outstanding.
Maturity.
$100,000
100,000
Jan. 1, 1945
Continental Trust Co., N. Y.
Road— Owns 10 miles of track, 11 motor cars and 7 trailers.
Trustee
-V.
g.
J&J.
is
73, p. 957.
^
DOVER, DEL.
DELA^\/'ARJE
ley road.
ELECTRIC TRACTION.-A
trol
&
—
EAST LIVERPOOL. OHIO.
EAST LIVERPOOL RAIL WAY.-A trolley
road.
In Feb., 1901, the United Power Co. was incorporated with $900.roo capital stock, and took over and now operates the East Liverpool
Ry. and the Ceramic City Light Co. The United Power Co. also has
$600,000 ot bonds.
Road— Operates 14^ miles of track. An extension is under construction to Smith's Ferry which is completed to the State line.
Officers— President, L. W. Healy; Secretary and Trf-asurer, G. O
Andeison.— V. 72,
p. 2-»l.
245.
EAST ST. LOUIS, ILL.
EAST
ST. LOUIS & SUBURBAN CO-Trolley.
TAee Map on Jfage 36.
m
1902, and owns all
Organization.— Incorporated in New Jersey
the stock and bonds (with the exception of $215,000 as below) of the
East St. Louis Ky.. the ut. Louis <fe East St. Louis Electric Ry., the
East St. Louis
Suburban Jiy.. and the St. Louis <te Belleville Electric
Ry. The East St. Louis & Suburban By. operates the Belleville Electric Ry., the St. Louis Belleville & Suburban Ry., the Mississippi Valley Transit Co. and the Collinsville Caseyville & East 6t. Louis ElecPower
tric Ry. In July, 1902, acquired the Citizens' Electric Light
Co.'s plant in Ea-t St. Louis. Has 50-year exclusive rights to o erate
cars over the Eads Bridge connecting St. Louis and East St. Louis.
Franchises are from 46 to 50 years, with the exception of Belleville
(5 miles), which has 17 yeai's to run.
The following is a list of the stock and bonds owned and which are
deposited with the St. Louis-Union Trm-t Co. as collateral for the new
East St. Louis & Suburban Co. collateral trust bonds.
Bondf.
<tock.
Constituent companies—
East St. Louis Ry. Co
$1,360,000 out of $',500,000
$1,500,000 eutire l«sue
426.0i
500,(00 do
St. L. & East St. L.KIeo. Ry.
out of
bOO.OOO
do
do
K. St. L,& Suburban Ry.... 8,<I00,000 (entire issue)
3,0^0,000 do
St. L. & Belleville Elec. Ry.
760,00
do
do
&
•
Organization— On April 7,1902, was incorporated under laws ot
Delaware to take ovt-r the Delaware Gen ral Electric Ry which latter
had commenced the construction of an electric raUway from Milford.
Del., via Dover, to Woodland Beach and Smyrna, with a branch to
Bombay Hock on Delaware Bay (which is used as an excursion resort).
a total distance of about 40 miles. Will carry both passengers and
freight. Construction under way, and about 10 miles of road built.
,
Stock
having, on Aug. 12, 1900, taken over the Duluth Street Ry., the Lakeside Street Ry. and the Superior Rapid Transit. The securities of the
constituent companies were retired under plan of reorganization in
The corporate existence of the Duluth Street Ry.,
V. 70, p. 1249.
which owns the orher two lines, is maintained, but all its stock is
held by the Duluth Suiierior Traction. The Duluth Street Ry. was
organized under act of Minne.=ota approved Nov.l7, 1881,and possesses
•'an exclusive franchise " which runs until 1931. The franchise ot
the Superior Street Ry. Co. is perpetual and exclusive. The DuluthSuperior Bridge at West Superior is used by the railway, but is a separate corporation, and has i.-isued first mortgage bonds for $650,000
and second mortgage bonds for$300,000— see bridge items. V. 63. p
310, 504. The tracks and franchises of the Woodland Company were
purchased by the Duluth Street Ry. on Oct. 1, 1901, and now form
part of Its system.
MaturityDale, interest. Outstand'g.
Bonds—
Stock
$3,500,000
Capital 8tock,com., $3, 500,000
1,500,000
Pref. 4 p. c cum $1,500,000
Duluth St.RyM, $2, 500,000 5 1900 5 g M<teN 2,200,000 May 1, 1930
gold($l,000)
e* < Int. at Central Trust Co., N. Y., Trustee
Bonis— Ot the Duluth Street Ry. mtge. of 1900, $300,000 is reserved for extensions and betterments. The mortgage covers all the
mileage of the Duluth-Superior Traction, the property of the Lakeside Street Railway and of the Superior Rapid Transit having first
been conveyed to the Duluth Street Ry.
Road The system embraces 73 miles of track and includes all the
lines in Duluth and Superior.
Earnings- Forcalendar jearl902: Gross. $538,031: net. $249,658;
interest. $165,775; surplus. $143,«83. In 19ul, gross, $453,704; net,
$202,389.
Officers— President, C. G. Goodrich; Sec. and Treas., L. Mendenhall; Gen. Man., Herbert Warren.— V. 71, p. 341; V. 72, p 183, 627.
&
LANSING CIIY ELECTRIC RY.-A trolley
Stock
35
&
Bonds—
Date,
interest.
Outstanding.
Maturity
Stock, $1,000,000 ($50)
$1,000,00()
Officers— President, J. Frank Allen, Dover; Vice-President. S.J.
Abbott, Milford; Secretary, Thomas C. Moore. Smyrna; Treasurer, C.
R Layton, Dover.—V. 70, p 381; V. 72, p. 775, 1080.
DOYLESTOWN, PA.
DOYLEISTOWN
& E ASTON STREET RY.-A
trolley road.
Organization- Incorporated in Pennsylvania on February 3, 1897,
to construct an electric road connecting Doylestown and Easton, a
distance of 33 miles. On May 24, 1902, put in operation 6 miles of
road between Doylestown and PlumsteadviUe. Recuainder is expected
to be completed by the laU ot 1902.
Date.
interest.
Outstanding. Maturity.
Stock \. Bonds—
Stock. $-25,000. $50
...
$250,000
2.'^(),000
1st Mtge., $825,000) 1901.
5g JJ
July 2,1941
0* S Int. at Girard Trust Co., Phila., Trustee.
($1,00U), gold
Bonds —No sinking fund, and are not subject to call.
Officers President, I. R. Rosenberger; Vice-President, S. J. Penrose; Secrj-tary and Treasurer. H. J. Shoemaker; Engineers and Contractors, H. M. Heibert & Co., Bound Brook, N J.— V. 73, p. 782,842.
DUBUQUE, lOW^A.
CO.-Trolley.
Louis
&
&
April 1, 1932
1902 5g. A-O
6,100,000
$8,000,-5 Int at
St. Louis-Union Trust Co., Trustee, or
..c. i
at E. W. Clark & o., Philadelphia.
E. St. Lou. Elec. St. RR.
140.000
1893 6 g. F-A
Aug. 1, 1908
5
consol. (now lst),g. .. ( Int. pavable at Miss. ^ al.Tr. Co., trus., St. L.
St. L.
E. St. L. Elec. Ry.
75,000
Jan 1.1905.
iy. S1890" 6J-J
1st M. cur
...( Int. at office of mort.trust,,St. L.-Un.Tr.Co.
Bot-ds.—Ot the $8,C00,000 collateral trust bonds $215,000 are reserved to retire the underlying liens given above.
Earnings- For the 8 months ending N v. 30. 1902 (not including
the Lighting Co.): Gross. $4; 9,990; net, $236,070; interest charges,
$175,267; surplus, $60,803.
Road— Operates about 100 miles of track, inchidii g all the lines in
East i't. Louis and two double-track roads from East St. Louis to Belleville, one of them on private right of way.
An extension to O'Fallon
and Lebanon, 1 5 miles, is i>r(ipoeed.
Officers— President, C. M. Clark; Vice-President, E.l W.Clark JrSecretary, G L. Estabrook: Treasurer, C. A. Pearson Jr. Office, Camdem, N. J. V. 74, p. 4.6. 576. 578, 680, 829, 1090, 1195, 1355; V. 75.
p. 184; V. 76, p. 382.
Coll. trust M.,
000 gold ($1,000)
&
GRANITE CITY & ST. LOUIS
&.
Bonds
-
$500,000, $100
1st mort.. $500.0
1
1900 as a consolidation of the
Home Electric Co., the Dubuque Street Ry. and the Star Electric Co.,
which constitute the entire electric light and street railway pi oper
ties of the city of Dubuque. Iowa. Capital. $1,000,000; divided into
$500,000 ($100) common and $500,000 ($100) 5 per cent cum preferred stock; all outstanding. No bonds or morttiages
In April.
1901, Messrs Linehan iv Molo sold tbeir half interest in the company
to the other stockholders, the General Electric Co. among theiu, which
Jan. 31, 1902, owned $240,000 of the common and $240,000 of the
preferred stock.
Road.— Owns and onerates about 20 miles of track on 17 miles of
street in Dubuque, West Dubuque and to Stewart Park, and has contract with the city for supplying electric lights.
Officers.— President, F. D. stout: Vice- Pres., D. 1). Myers: Secre
tary and Treasurer, J. R. Lindsav; Gen. Mgr., F. L. name.— V. 68, p.
84, 1180; V. 69, p. 591; V. 71, p. 343, 439; V. 72, p. 776.
trolley
Organization— Incorporated in Connecticut in 1900. Comprlsee
the street raUway systems of Duluth. Minn, and Superior, Wis., It
RY.-A trolley road.
Organization —Incorporated in Illinois in 1902 as a consolidation
of the Venice Madison A Granite City Ry., the Granite City Venice &
East St. Louis Ry. and the Granite City & Eawardsville Ry.
Stock
in
DULUTH, MINN.
DULUTH-SUPERIOR
TRACTION.-A
road.
St.
Date.
interest.
St'k,
UNION ELECTRIC
Organization.— Incorporated
$.3,3.'?5.0')0
$,i,000 000
Belleville Electric Ry. stock ($750,000) is held in
the treasury of the East St. Louis & Suburban Co.
i he capitalization of the East St. Louis & Suburban Co. is as follows:
Date. Interest. Outstanding.
Maturity.
Stock
Bonds—
.-tock, $5,000,000, $100..
s5,O0O,006
The
Outsiand'g.
Maturity.
$500,000
247.00O
July, 1922
5 g. J-J
Interest at Francis Bros. & v.o., St. Louis, .Mo.
Bond* — 1;150,000 are reservtid for betterments and extensions.
Road— Operates 19 miles of track between Granite City and East St
Louis. Gauge 4 ft. 10 in, 65 lb. T rail.
Officers- President ar.d Manager, Fred. E. Allen: Vice-Pres. and
Sec, E. J. Spencer; Treasurer D. R. France?; Supt Geo Miller.
gold, (^.'OO) s.f.c*
1902
s
,
EAU CLAIRE,
WIS.
RYCHIPPEWA VALLEY ELECTRIC
Last
Ontslanding.
Oiv.
Date, interest.
STOCK& Bonds—
Jan.l5.'99, 3
$200,000
Stock, ,$200,000; par $100
6 J-J
Oct. 1 1918
First M.. $200,000 gold > 1898 6 g. A-O
200,000
($1,000 each) not sub.call 5 Int. at Mass. Trust Co,. Boston, Trustee.
Road— Owns trolley road Eau Claire to Chippewa Falls, Wis.. 12
miles; Eau Claire, 8 miles; Chippewa Falls, 2 miles; total, 22 miles.
Owns 14 miles right of way; exclusive 30 years franchise at Chippewa Falls and 30-year franchise at Eau Claire.
Earnings— For year ending Oct. 31. 1902: Gross, $60,200; net,
$40,000. In 1901. gross, $52,464; net, $19,938
Officers— President, A. E. Appleyard. Boston, Mass.; Vice-Prert
dent, J. T. Joyce, Eau Claire; Supt., H. Q. Lawrence. Eau Claire.
,
36
STREET RAILWAYS.
STREET EAILWAYS.
ELGIN, ILL
ELOIJSr
AURORA
TION.— Population
served, 75,000.
Organization.— Incorporated in Illinois. Consolidation in May,
1901 of several lines running north and south through the Fox River
Valley, namely the Elgin City Carpentersville & Aurora Bailviray, the
Aurora & Geneva Ry., the Aurora Street Ry., the Elgin City Ry.. the
Aurora Yorkvllle & Morris Ry. aud the Geneva Batavia & Southern
Railway. The project was financed by a syndicate headed hy M. J.
Mandelbaum & Co., who are also promoting the Aurora Elgin Ac
Chicago, by means of which latter an outlet to « Jhicago Is obtained.
Dale. Interest. Outstand'g.
Div., etc.
Stock
Bonds—
$2,000,000
stock, $2,000,000 ($100)
'1901 5g. J-D
1,700,000 June 1.1916
let mortgage $2,000,000,
Int. at Am. Trust and Sav. Bank. Chicago,
c*;
$1,000, gold, 8. f
trustee, and First Nat. Bk N. Y. City
.
&
.
'
,
1890 5g. F-A
200,000 Aug. 1, 1907
| Interest at Farmers' L. & T. Co., N.Y. City.
1896 5g. J-J
100,000 Jan. 1, 1907
O. E. & A. 1st M., $150,000
Bonrfs.— Of the $2,000,000 authorized consols, $300,000 are reserved
to retire the above divisional liens. Sinking fund is $17,000 per annum first five years and $25,000 annually thereafter
Road— Operates 72'niiles of track, connecting the cities and towns
of Carpentersville, Dundee, Elgio, South Elgin, St. Charles Geneva,
Batavia, Aurora, Montgomery, Oswego, YorkvUle and Bristol.
Earnings— For 12 months ending Deo. 31 of combined properties:
Ohnrges. Surplus
OrO'S
Optr. exp.
Net.
1902
$410,431 $243,653 $166,778 $100,000 $66,778
1901
206,005
155,660
100,000
55,660
361,665
Elgin City Ry. Ist mort...
'
Officers—^rpsident, L. J. Wolf; Vlce-Pres.. Warren Blcbnell; See.
and Treasurer H. C. Lans: Gen'l Mgr.. Edwin C. Faber.—V. 72, p. 626,
675,721; V. 73. p 783. lOlO.
ELMIRA,
N. Y.
ELMIRA ^WATER, LIOHT & RAILROAD
COMPANY.
—
Organization This company was incorporated on May 2', 1900,
for the purpose of consolidating all the water, liehting, power and
strept railway properties in Elmira, comprised of the following: The
Elmira Municipal Improvement Co.; the Elmira <fe HorseheadsRy.; the
Maple Ave. Ry.; the West Water St. RB.; the West Side Railway Co.;
the Elmira Gas & Illuminating Co., the Elmira Illuminating Co.,
the Elmira Water Works Co., and the Elmira Heights Water Co.
Amou7it.
Date.
Interest.
Maturity.
Stock
Bonds—
Stock
&
Elmira Wat. Works Ist M
West Side RR., g„ Ist M.. 1894
New 1st M., $2,000,000 ^ ^^^^
$1,000,000
339,000
6
5 g.
A.&O.
31, 1902, withheld for time being.
Brady; Secretary ano Treas., J. L
Sternberg Sapt., H. F. Wilbur, all of Erie. Office, 202 State St., Erie.
—V. 72, p. 775.
Report— For year ending Dec.
SOUTHERN TRAC-
&
37
1913
1, 1914
1,631,000 Jan. 1, 1949
355,'^ 00
Oct.
5 g. J.-J.
U. 8. Mort. & Trust, N. Y., trustee.
Subject to call at 105 and interest.
1,200,000 Jan. 1, 1949
2d M. Income, $1,200,-' 1900 4g. Mar.
Guaranty Trust Co. of New York, trustee.
000, g., $500 & $1,000^
Subject to caU at 100.
gold $1,000*0. ..$500^
I
;
Of the new 1st 58, $3^9,000 are reserved to retire at maturity the
bonds of the Elmira Water Works Co., due 1913, and the remaning
$30,000 are in the treasury for future improvements. $355,00<» out
standing bonds of the West Side RR. and the Elmira Heights Water
Officers— President,
John
C.
;
,
ERIE RAPID TRANSIT
ST.
RY-- A trolley road.
June 21. 1898.
Maturity.
Outximidiug
$500,000
Stock, $500,0u0. $50
July 1,1931
1901 5g. J.-J.
350,000
Ist mtge., $350,000,)
gold i$l,000)
Int. at Colonial Trust Co., PhUa., trustee.
5
Bonds. —No sinMng fund and are not subject to call.
Organization.— Incorporated
Date.
Stock & Bonds.—
in Pennsylvania on
Interest.
Road.— Owns 15 miles of track from city of Erie to town of North
Extension of 17
East, which was put in operation on Dec. 1,1901.
mUes to Westfield, N. Y., is proposed.
EARNiNGs-For year ending June 30, 1902: Gross, $19,221 net,
$4,602.
Officers.— President, Thos. B.Hall, Camden, N..T.; Vice-I^res.; W.E.
Hays, Erit; Sec. and Treas., T. H. Paist, Philadelphia, Pa.; Supt., A.
;
C. Harrington, Erie.
EVANSVILLE.
IND.
EVANSVILLE ELECTRIC RY-A trolley road.
Organization— A reorganization in 1901 of the Evan svUle Street
RR., which was sold under foreclosure on April 16, 1901. On Maroh
22, 1901, was granted a 50-year franchise by the city of Evansville,
also permission to change certain trackage formerly owned and operated by the Evansville Street RR., and to build considerable new
mileage; these changes are now under construction. Owns all the
street railway mileage in Evansville.
Date, interest. Outstand'g.
Maturity.
Bonds—
Stock
jtock ($600,000) ($100)
$600,000
Ist mortgage, $1,200,000, ) 1901 4g. M-N 1,200,000
May 1, 1921
gold ($1,000)
c* S Int. at Merchants' Tr. Co., N. Y., trustee.
Bonds -Of the new mortgage bonds. $1,000,000 were paid over to
the old Evansville St. RR. mortgage holders, bond for bond, and the
remaining $200,000 used in extensions and improvements.
Road— Owns 2712 miles of trolley track. Rails 70 and 75 lbs. Westinghouse system.
Officers—Prest., .Tas. v. Parker; Vice-Prest. and Gen. Mgr., H. D.
Moran; Treaa., C. J. Morris; Sec, Alex Gilchrist, all of Evansville, Ind.
—V. 72, p. 776, 872.
&
EVANSVILLE & PRINCETON TRACTION
CO-— A trolley road.
Stock & Bonds—
Date,
Outstand'g.
interest.
Maturity.
$600,006
1902 5 g. M-8
400.000 Sept. 1, 1922
)
Chicago Title & Trust Co., Trustee.
X
Bond". — K sinking fund of .$12,000 per annum commences after 5
years, said fund to be invested in the bonds, which can be called for
the purpose at 105 after 5 years from date of issue.
miles of track, connecting Evansville &
Road— Operates
Stock, .$600,000 ($100)
Ist mortgage. $400,000
gold ($1,000), 8. f
Princeton.
Officers.— President, Perry J. Freeman
win Treasurer, Sam T. Heston.
Secretary,
;
Edw.
J.
Bald-
;
Co. are guaranteed.
Road - Comprises
2712
mUes
of track controlling all the principal
Elmira and connecting the suburban towns of Elmira
Heights, Southport and Horseheads, also making connections with the
Seneca Lake Railway, which pays an annual trackage into Elmira.
Equipment consists of 37 closed cars, 29 open cars and 15 trailers.
Track laid with 75 and 90-lb. girder rails. Also owns Rorick Glen
streets in
Park.
Report—The
earnings for the calendar year ending Deo. 31 were as
follows Fiscal year now ends June 30. In 1902, gross $467,843;
net $154,064. In 1901, gross $426,331; net $137,521.
Officers— President, Ray Tompkins; Vice-President and General
Manager, W. W. Cole; Secretary and Treasurer, John M. Diven: Asst.
Sec, F S. Batterworth, 40 Wall St., N. Y.; Auditor, H. M. Beardsley.
-V. 72, p. 827, 821, 935, 988.
EL PASO, TEXAS.
EL PASO ELECTRIC
Company also does electric lighting.
CO.— Franchise
expires 1951.
Population served, 28,000.
Date.
interest. Outstanding.
Maturity.
Bonds.—
Stock
$1,000,000
Com., $1,000,000 ($100)
Pref. 6 p. c, non-oum., ^
-"snoon
lan is'n^qcu;
Oi},d%
^50,000 Jan.!/,
$250,000 ($100)
\
5 g J-J
600,000 Jan. 1, 1932
Coll. tr. mtg. ($1,000),) 1902
$1,000,000, gold
5 Int. at State Street Trust Co., Boston, Trus.
.Bond*.- No sinking fund and are not subject to call.
Dipirf«nd«.— First dividend of 3 p. o. on the preferred stock was paid
Jan. 12, 1903.
Road.— I8 under construction from El Paso, Tex., to Juarez, MexicoOfficers.— President, J. W. Hallowell: Vlce-Pres., J. H. Oakes;
Treasurer, H. B. Sawyer; Sec'y, H. R. Hayes; Gen'l M'g'rs & Transfer
Ag't8,Stone<fe Webster, boston.- V.73, p. 494, 1010,1356; V.74,p.381.
&
V. 76, p. 158.
ERIE PA.
ERIE ELECTRIC MOTOR CO.ORGAnization. -Chartered Octobers, 1888. Acquired the ownership and control of the Erie City Passenger Railway and the Erie Reed
Park & Lakeside Street Railway through the purchase of the entire
capital f tock of both companies.
Date. Interest. Outst'ding. Maturity.
Bonds—
Stock
Stock ($1,250,000) ($100)
$1,2.50,000
Ist M., ($200,000) ($1,000), > 1889 6g. J - J
200,000 Jan. 1, 1919
gold
c. SInt. at Cent. Trust Co., trust., N.Y. City.
2d M., ($150,000) ($1,000),) 1889 6g. J J $150,000 Jan. 1, 1919
gold
.0. 5Int. at Cent. Trust Co., trust.. N. Y.Citv.
Ist ref. sink, fund ($1,250,-) 1901 5g. A - O
'550,000 Aprill,1941
000) gold ($1,000). Cannot > Int. at N.
Security
Trust Co., trusbe called
c*> tee, N. Y. City.
Bonds— Ot the $350,000 prior lien bonds $100,000 have been
exchanged and deposited with the trustee as additional collateral
under the refunding mortgage, thus leaving $250,000 prior lien bonds
in the hands of the puulio. To retire these a like amount of refunding mortgage bonds is reserved.
For extensions and betterments
$250,000 of the new bonds are reserved, and can be issued only under
guarded restrictions. The company has deposited with the trustee
the entire capital stock of the Erie City Passenger Ry. and the Erie
Reed Park <k Lakeside St. Ry. Co. A sinking fund of 1 per cent annu
ally begins April 1, 1906, and will be increased to l^a per cent in 1916.
Road—Operates all the street railways In Erie, and has 29-79m.lle8
ot tracii, mostly 90-lb. girder rails. Has 34 closed and 42 open motor
oars and 10 trail oars. Franchises are perpetual, except for 6 mllea
which Is for 999 years.
&
Y
&
EVERETT, ^VASH.
EVERETT RY. & ELECTRIC.-A troUey road.
Organization— Incorporated in Washington on Jan. 23, 1893.
Alsoowns electrie-light plant. ControUedbyEverettlmprovementCo.
&
Date, interest. Outstand'g.
Maturity.
Stock
Bonds—
Stock, $200,000, $100
$200,000
600,000 Apr. 1, 1921
Ist mortsrajre
<R1
OOO OOO ( ^^Ol 5g.A-0
*^'"^"'""^
\ Int. at Manhattan Tr. Co., N. Y., trustee.
^nid^?<Ri^onm
goiG (!t.i,uuu)
^
jj^g J and not subject to calL
Road— Operates about 1 miles of track, all in Everett. Extensions
of 2 miles under construction.
Officers— President and Treasurer, J.
Edward C. Mony; Supt., R. P. Stevens.—V.
T.
McChesney; Secretary
73, p. 1111.
EXETER, N. H.
NEW HAMPSHIRE
TRACTION CC— Incorporated New Hampshire Nov.,
in
in
1901, with
Organization
perpetual charter, and owns and controls the following companies:
Amesbury & Hampton Street Ry.,Seabrook & Hampton Beach Street
Ry., Haverhill & Plaistow Street R7., Haverhill Plaistow <& Newton
&
Street Ry., Portsmouth
Exeter Street Ry.. Dover Somersworth <fe
Rochester Street Ry., Exeter Hampton & Amesbury Street Ry., Hudson Pelham & Salem Street Ry., Haverhill
Southern New Hampshire
Street Ry., Lawrence
Methuen Street Ry Lowell
Pelham Street
Ry., Rockingham County Llght& Power Co. and Granite State Land Co.
All of the capital stocks of above companies are owned hy the New
Hampshire Traction Co., as are also the oustandlng bonds, with the
exception ot those given in table below. Franchises of all the constituent companies are perpetual.
Outst'ding.
Date.
interest.
Maturity.
Stock &. Bonds—
Stock $1,000,000 ($100)
$1,000,000
Ist lien, sink'g fund, gold, ) 1902 4.^0. J.-J.
6,625,000 July 1, 1942
$7,500,000 ($1,000)... 0* S Int. at N.Y. «ec. &Trust Co.. N.Y., trustee.
Bonds.—*375, 000 are reserved to retire the outstanding prior liens;
$500,000 are held for future extensions and improvements «t 75% of
coat, and only when net earnings for previous year are 1 ^ times Interest cnarges. A sinking fund of $40,000 per annum coinmt-noes
May 1, 1910, but bonds cannot be called. Bonds If purchased are to
be kept alive and interest accrues to benefit of sinking fund.
The bonds constitute a flr.st lien on all the propertii's and franchises
of the constituent companies, subject only to $375,000 underlying
liens. Although not pledged under the indenture, the stocks of that
part of the property which is located in Massachusetts are owned by the
New Hampshire Traction Co. and are deposited with the New York
Security & Trust Co.
UNDERLYING LIEXS.
&
&
,
&
Exeter Hampton & Amesbury ^
1st mortgage, .$225,000. g. 1899 5g. J-D .$225,000 June 1,1919
($1,000), sink, fund $3,000 } Interetst at American Loan & Trust
per ann. begins 1904 bonds.
Co Boston, Trustee,
cannot be called
c*
Dover Somers. <fe Rochester)
July 1. 1921
J-T
See text
}il
R^f^*5 0*0^0 ^n^2^ 1901 5?'
^''^'' * ''''"*
*
&ufho^i-i^'o^nA^i be > J,°^^«o«'to
^° Boston, irustee.
called. Guar. p. <te i. by Ex.
I
I
,
J
^A^
'
'
T^^T
1
Hamp.
& Amesbury.
j
& Hamp. let M, gold, (
=^
ift=io noft
Oft. l,
i 1919
iqiq
*50.ooo
Oct.
="^$1,000 p a. begins -04. >
Bonds -Of the $300,000 of the Dover Somersworth & Rochester
bonds, all Issued, $200,000 are owned by the New Hampshire Traction
Company, and are pledged under the mortgage.
Ames.
8. f.
STREET RAILWAYS.
3b
Bowd*.— The whole iseue of bonds can be called at iiar on Jan. 1,
Sinking fund becomes operative Jan. 1. 1907. The mortgage
covers railway, electric light, steam heat and gas properties.
Road- Owns and operates 9 miles of track.
Officers— President, Grant Homaday: Vice-Pres., C. F. Martlt.
Secretary, F. A. Hornaday; Treasurer, F. D. Martin.— V. 72, p. 87,872.
Road— Companies controlled oomprisH about 1?5 railes of track and
several pleasure resorts. Also does electric lighting and gag business. Population served, 300,000.
OFFirERS- President, Chas. S. Fairchild. New York: Secretary, F
Treasuier, Henry A. Tenney, Boston; Clerk, S. W. Emeiy.
P. Royce
V. 74, p. 1355.
1907.
—
FAIRHAVEN, ^VASH.
RY. & IMPROVEMENT CO.NORTHERN
(tUrougb Stone &
by the same
understood
be
Is
partiep
controlled
to
FORT SMITH, ARK.
FT.
Organization- Incorporated in November, 1898, to take over th»
Fort Smith Street Ry. (8"44 miles of track on 7^2 miles of street) an&
transform it into an electric system to be operated In conjunction
with an electric light plant. In October, 1902, entire line had been
converted.
Date.
Rate. Outstanding. Maturity.
Stock
Bonds—
$200,000
Stock, $200,000 ($100)
168,500 Nov.28,192»
6g.J-J
Bonds ($200,000) ($1,000), J 1898
gold
c* I Int. at Miss. Val. Tr. Co St. L., trustee.
Bonrfg.— Whole issue can be called for payment in 1919, at par, upon
Webster of Boston) as tbe lines in Tacon a and Seattle, fee item con
cerning Whatcom County Ry. & Light in V. 75, p, 1255.
Organization— In April, 1898, the Northern Ry. & Improvement
Co. became the owner of the Fairhaven & New Whatcom Railway,
which was .sold at auction in April, 1897. Stock, $200,000; outstand-
&
Bonds, authorized, $200,000; issued, $100,000. Old
Colony Trust Co.. Boston, Trustee. General Electric to. ,Ian. 31,
1902, owned $53, 100 of the stock and $55,000 of the bonds. Operates
181s miles of trolley track in Whatcom and Fair Haven, inclndinti 3
miles leased from "the Bellingham Bay Electric Ry. Co. President.
S. Z. Mitchell; Sec. and Trt-as.. C. N. Huggins. Office, Whatcom.— V. 6«,
ing, $1 23.200.
p.
810.— V.
.
30 days' notice.
Officers— President, Samuel McLoud; Vice-President. Cbas.
Smith; Treasurer, J. E. Foster; Secretary, A. N. Sicard
75, p. 1255.
FISHKILL-ON-THE-HUDSON,
N. Y.
CITIZENS' RAILROAD, LIGHT &PO"WER.A trolley loaa.
FT.
ORC3ANIZATION— On Feb. 1. 1902. the Citizens' St. Ry. and the Carroll
Electric Co. were consolidated uur'er the above title.
Btock.$175,000,par$100.$175,000
EARNiNGS-"f the Citizens' St.
By for year endintf.Tune 30:
Power
Citz. RR., Light
fJS.OOO
1902.
1901
letmtee. ."is, *100,000
I
&
I
1
Ry. IstM. 6s, A&O. 75,000 Gross
Net
(Due 19i2, optional after 1897.)
Charges
Leased Line—
Flshklll Elec. IstM., 68, )*,! rtnnn Dividends
of 1895. due 1915, J&J ^ **"-""" Balance
Cit. St.
|
I
I
$36,772
13,507
9,8-4
$37,8««
13,236
8,650
(2i2)l,875
I
4,586
I
Fishkill stock
($50,000> to
re-
oeive same div.
Bonds.-Ot the $100,000
1,778
I
Ry.
new mtge. of the Citizens' BR., Light &
used
Power
was
to pay for the Carroll Electric Co.; the balance
Is reserved for Increase of power plant
Road Owns 3 miles of sinele and -25 miles of second track. Lease"
FishkiU Electru- Ry. from Fishkill to Matttawan, 4 miles; total, 7^4
at-
<'itizens' St.
SMITH TRACTION, LIGHT & POWER—
|
$6i^,f 00
—
FORT V/AYNE,
TRACTIONWAYNE
acquired
Dec.
S.
p.
IND.
control in
1902. They are expected to
New parties
take possession by April 1, when change in officials seems likely.
Organization- Organized in October, 1899, as successor by parchase of the Ft. Wayne Consolidated, which included the old Fort
Wayne Electric Ry., the Citizens' Street Ry., the Fort Wayne Street
Ry. and the C. L. Centlivre Street Ry. Franchise said to be perpetual.
Embraces all lines in Fort Wayne.
int.
Outstand'g.
Date.
Maturity.
Stock & Bonds—
$1,000,000
Stock ($1,000,00(1) com. ($100)
" $1,000,000 pref. ($100)
1,000,000
1929.
1899 4g.A-0 1,H08,000
Mortgage ($1,500,0 0).... 5
Int. at Guard. TrustCo., Cleveland, Triis.
Gold ($1,000) c*
I
Road— Operates 31 miles of trolley track.
Officers— Pres., H. P. Kells; Vice-Pres., E. H. Bourne; Sec & Treas,
H. P. Mcintosh; all of Cleveland, Ohio; Mangr A. L. Scott, Ft. Wayne.
-V. 67, p. 125; V. 69, p. 180, 695, 955, 1061.
,
miles.
Officers- Pres., J. T. Smith, Fishkill-on-Hudson: Sec.
Hatteawan; Treas., W. H. Southard. Matteawan.— V. 75,
H.
V/AYNE
SOUTH WESTERN TRAC-
FORT
TION CO.— A trolley road.
K.Philliph,
184.
<k
Organization— Incorporated
Date.
Stock & Bonos—
FITCHBURG. MASS.
FITCHBURG & LEOMINSTER STREET RY
Organization— Koad extends to Leominsiei and Lunenburg.
Rale. Oiiixiami'g
Date.
Maiump.
Stock, Bonds Etc.—
8tk. (au.,$.oOO,000: par.$100)
8 p. c. $.<50.000'
Bee text.
Istmort. ($500) C, $150,000. > .c^^n
5
a-O
TiO
OOO
\nr
1
i50,OJO
Apr.
^°'^'
191
1, 19T^
^ -^ "
Int. at 1st Nat. Banb, Host. \
Consolidated M., $350,000/ 1901 4i« F-A 150,000 Feb. 1,1921
($1,000)
{Int. atBost.gafeDep. .feXr Co.,Tru.stee.
Bondn-Ot the new consol. mtge., $150,000 are reserved to retire,
the 1st mtge. at maturity.
Dividends— In year 1894-95, 8 p. c; in 1895-96, 8 p. c; in 1896-97
8 p. c: in 1897-J'8. 8 p. c: in 1898-99, 8 p. c; 1899 1900, 8 p. o 19001901, 8 p. c in 1901-1902, 6 p. c.
Road— Owns 31-68 miles of track, including 167 miles of sillngs.
Earnings- For years ending Sept! 30:
1902.
1901
1902.
1901
$1H5,447 $179,.59=. Dividends paid ..$21 ,000 $28,0(M
Oross
Net
.55,172 BaL,8ur. for year
58,435
«,289
2,491
Int., taxes, etc..
31,1 4«
24,681
Officers— President, H. A. Willis; Vice President. H. I. Wallace;
Clerk and Counsel, C. F.Baker: Trea-surer, R. N. Wallis; Supt. ami
Purch. Agt., W. W. Sargent, all of Fitchburg.— V.70,p. 1249; V. 72,p. 8T.
/
in Indiana in 1901.
OustnndinQ.
Maturity.
interest.
$1,000,OUO
Stoch.Kl.oOO.OOi ($100)
none
July, 1932
5 ir. JIst mtge., $2,000,000; 1902
gold ($1,000)
OS Int. at State Street Trust Co., Boston, Trustee.
Bonds— None had been issued on Feb. 1, 1903. No sinking fund,
but bonds are subject to call on any interest date at 105 and intere-it;
$1,000,000 will be reserved for extensions.
Road— Is to operate 47 miles of tiack between Fort Wayne
and Wabash, which is expected to bo fully completed during 1903.
Part in operation. 60-lb. T rail. An extension from Huntington to
Marion is proposed.
OFFICERS-President, Wm. B. McKlnley; Vice-Pres. & Manager. S.
L. Nelson; Sec. & Treas., (Teo. E. Wasoinber; Supt., H. E. Davisson.
;
FORT WORTH, TEX.
;
1
FLORENCE ELECTRIC STREET RY.-Tobea
trolley road.
Organization.- Incorporated
Stock
&
Bonds—
Stock, $2,500,000 ($100)
Date.
in Colorado on July 12. 1900.
Outgland'q.
$500,0( O'
interest.
....
Maturity
FOND DU LAC, WIS.
FONDDU LAC STREET RY.& LIGHT. -Trolley.
Organization— Controls lines in city and county of Fond du Lao
•ISO operates an electric-llglitiug and gas plant. Has acquired the
property and franchises of the Gas Lisiht Company of Fond du Lac.
Interei-i.
Ouistn^.d'p.
Stock
Bonds— Date.
Maturity
Stock. $150,000
....
$1.50.000
Ist mtge. $250,000, )
1899
5g J.-J.
2^0.000 July 1, 1924c* 5 Int. at Nat'l Exchange Bank, Milwaukee.
$500, gold
Bonds— Sinking Fund. $?>,000 is payable yearly beginning Aug. 1,
1910. Wm. E. Cole and H. F. Whitcomb, Milwaukee, are trustees.
Road— I'Cngth of road 6I4 miles.
Earnings- For year ending Deo. 31 1901 Gross, from railway, $34,
621; from electric light and power, +3.'>,767; from gas, ifl7,482; other
income *4.549: total, $1^2,4 19; total operating expenses, $'^4,170;
income from other sources, $1,259; interest and taxes, $13,769; bal
ance, surplus. $15,739.
&
Officers— President and Gen. Man.,
Treasurer,
Wm.
E.'
T. F. Grover; Secretary
and
Coi'»
Organization- This company is a conpolldation of the CitizenStreet Ry., the Fort Scott Steam Heating Co. and tlie Fort Scott Ele< trie Light <V Power Co. Began operations Jan. 2, 1901. Has also ao
quired the Fort Scott Light & Fuel Co.
interest.
Date.
Omsl'd'g.
Stock
Maturity.
BondsStock, .$2.'iO,000
$250,000
,
Con. 1st M., $200,000^ 1901
5g. J.-J.
200,000
Jan. 1, 1931
f Interest at Morton Trust Co., N. Y., Trustee
$500, gold, 0*
&
Stock
Bonds—
Date.
Outxl.an'Ung.
$2,(^00,000
interest.
Stork, $2,500,000 ($100)
St morttaffe $2 500
/4:i nnnf J^^J;.
= f
($i,uuu)
-,., no s. r
000
^^^^
^nt
<•
^^ ^
Matuiiy.
2,000.000 Jan.l .1933
-^^
at Prudential Tr. Co.. Cleve., Trustee.
^
^^ ^^ Guaranty Trust Co., New York.
Bond.i—Ot the new bond« $500,000 are held in the treasury for
futnie ex^t^nsions. All underlying bonds have been canceled.
Are
subject to call from 1908 to 1913 as an entire issue at 105.
Road and Equipment.— Owns 30 miles in Fort Worth and a line of
28 miles fr <m b'ort Worth to Dallas, which was put in operation on
June 18, 902. Total track, 60 miles. All tracks in Ft. Worth a re being
re-laid with 56, 60, 65 and TOlh. rails. For interurban use, 70-lb.
rail, Stat dai d guage
Officers— President, George T Bishop, Cleveland; 1st Vice-Prest.,
John Shei win. Cleveland; 2d Vice-Prest. A Gen. Mgr., F. M. Haines,
Fort Worth; Sec. ann Treas.. C. A. Taylor, Ft. Worth.— V. 73, p. 32;
V. 74, p. 95, 528. 1356; V 75, p. 1355; V. 76, p. 213.
.
-.*
c
.
1
FRANKFORT, KY.
FRANKFORT & SUBURBAN RY. -A
trolley road.
Successor to Capital
Ry. sold in foreclosure tor $10,000. Owns 7^4 miles of trat^k, which
bas been equipped with modern improvements since purchase hy new
company. Stock, $10,000; bonds authorized, $40,000; Issued $30,000,
Officers— President, Charles R. Crain, Sprlngrteld, O.; Secy., Treas.
and Gen. Man., John T. Buckley. Frankfort, Ky — V. 64, p. 422, 1180.
Organization -Incorporated June 16,18^*7.
FREDERICK, MARYLAND.
:
FORT SCOTT, KAN.
FORT SCOTT CONSOLIDATED SUPPLY CO
&
ORQANIZATION—Thia was formerly the Fort Woith Street Ry. Co.,
chartered bv the Texas Legislature in 1876, for 99 years, in 1^01 application for amendment to charter was granted, changing its name to
the Northern Texas Trac. Co. The Traction Co. then purchased the
City Ry., and in 1901 obtained legislptive permission to extend its
road from Fort Wonh to Dallas, a distance of 30 miles. In 1902
purchased the Dallas & Oak Cliflf Elect' ic Ry. and redeemed the companv's bonds; has also acquired the Glenwood
Polytechnic College
St. Ry., which will shortly be merg-'d.
1
Istmoit., .$2,70i),000, ; 1903
5 g. J-J
Jan. 1, 1928
(?)
gold ($1,000)
c S
Int. at Eastern Trust Co., N. Y., Trustee.
jBonds— No sinking fund and bonds cannot be called.
Road.— Is to operate 125 miles of track between Florence and Canyon City ard Florence and Pueblo Road is under construction.
Officerp.— Presidtnt, Thos. Robinsfm; Vice Vies, and Treas., H. A.
Cook; Secretaiy, Harry Robinson. V. 76, p. 265, 3H'/.
.
trol-
ley road.
&
FLORENCE, COL.
^
NORTHERN TEXAS TRACTION CO -a
WN ELECTRIC
FREDERICK
& MIDDLETO
road
Y-A
RAILWA
operation
trolley
Organization— Commenced
in fall of 1896.
The company
August, 1901, leased the Myersville & Catoctin Electric Ry. for 10
years from Feb. 1, 1904, on which date the old lease will expire. For
terms of lease see V. 73, p. 287.
In
&
Maturity,
Interest. Outstand'g.
Date.
Bonds—
Stock
$^14,000
Stock, +100 000
5 g .T-J
70,000
Jan. 1, 1917
Istmortgafre. $70,000, > 1807
Maryland Trust Co., Baltimore, Trustee.
gold ($1,000)
c* S
Jiovds are subject to call at par on and after Jan. 1, 1907.
Road— Frederick to Middletown. 9 miles which, with the lease of
the Catoctin <te Myersville Electric, Myersville to Middletown, S^a
miles, constructed In 1898, makes a total of 14 ^a miles <)pe-i>,ted.
President and General Manager. Geo. W. Smith; Vice-Presiden't, D. E.
Kefauver.— V. 73. ji. 287.
;
STREET RAILWAYS.
FREDONIA,
trolley
Organization— Chartered AprU 21, 1864. Couupany Is also engaged
In electric lighting and steam heating, the expenses of these departments being included in the railroad operating expenses and the receipts are shown in other income. In June, 1897, purchased Fredonla
Natural Gas Light Co. (capital 8took.$40,000) and has since operated it
O'lisiand'Q. Maturity.
In'erist.
Date.
Stock & Bonds $136,410
40,000 July 1,1911
21,000 July 1,1911
3^^,000 July 1,1952
Stock, *150.000 (*100;
Isr,
mortgage.
1891
1898
1902
.
5 J-J
5 J-J
2d mortgage
5g. J-J
Fund. & ret. M.. g., $100.- )
$1,000) s Fidelity Trust Co., Buffalo, Trustee.
000( ^100, 500
Bonds— Are subject to call on any interest date at 103. $61,000 are
reserved to retire the prior lien«. No dink. fund. Mtice. covers $39,500
or the $40,000 stock ot the Fredonla Natural Gas Light Co.
Earnings— For fiscal year ending June 30, 1902: Gross. $37,3 TO;
net. $15,302; other Income, $5,931; interest and taxes, $6,317; dividends (being a stock dividend ot 10%), 1*12, 310; surplus, $2,656.
Road Owns 3^2 miles of single and one-tifth miles of second track.
Dividends in stock have been paid, surplus earnings having been
rt-
—
applied to reconstruoiion.
Officers-— President, Frank May, Dunkirk. N. Y.; 8ecretary-Trea«
Fenner. Fredonla.— V. 75, p. 1147.
urer and Manager, Milton
M
FRESNO, CAL.
FRESNO CITV
RAILA?V"AY CO. -A
$.500,000
Jan. 1, 1922
1902 6 g, J-J
15u,000
SafeDep. &Tr.Co., San Fran., Trustee.
Bonds -A. sinking fund of $3,000 per annom for first 2 years.
$5,000 per annum for next 5 years, and $7,500 per annum for next 10
years commences on Jan. 1, 1905. Bonds cannot be called, interest
payable in New York and San Francisco.
Road —Operates 10'4 miles of track in and about Fresno. Standard
gauge, 61-lD. T rail.
O-PICERS— President, H. A. Voorman: Vice-Pres., Treas. and Mgr.,
W. H. MoKenzie; Secretary. W. T. Porter.
>
($1,000)
J
Cal.
GAINESVILLE, GA.
GAINESVILLE & DAHLONEGA ELECTRIC R Y —A trolley road.
.
Orqanization.- Incorporated in June, 1901. Is to be operated with
electricity from a water power plant on the Chestotee River mldWiiy between the two cities.
Stock
cSk
BONDS—
Date.
Stock. $300,000. $100
1st mort., $750,000)
interest.
1901
Oulstand'ff.
Maturity.
$100,000
..
.
M-S None Feb
...
1941
(Sl.OOO). gold....o" 5 Int. at Knickerbocker Trust Co., N. Y., Trustee
Bor^ds —No sinking fund and bonds cannot be called.
ROAO.— Is to ran between Gainesville and Dahlonega, a distance of
27 miles, witU a branch of 7 miles la Q<iine8Ville and to cotton mUle.
a total of 34 miles. The track (7 mUes) In Gainesville, and between
Oilnesville and New Holland is completed, and remainder is expected
to be completed durmg 1903.
Officers-— President, W. W. Murray; Vioe-Pres., W. A Chartres;
Sec. and Treas.. J F. Moore, Dahlonega; Manager, A. J. Warner.— V.
73, p 615.
5
g.
,'03 Sept. 1,
GALESBURG, ILL.
ELECTRIC MOTOR
GALESBURG
A
PO^VER—
<&
trolley road.
Car companies.
&
Bonds—
Date, interest. Outstand'g.
Maturity.
Stock ($210,000), par $100
»205,uOO, gold
Ist Mtge
$210,000
>
1902 5 cur. M-S 205,000 Sept. 1, 1912
Int.
..
at
First
Nat.
Bk.,
Galesburg, Trustre.
($1,000)
CM
Bondt-h. J. Wert rn an, Pres. First National Bank, Galesburg, is
trustee. Bonus may be called 3 years after date at 103.
Road—Owns 16 miles of track laid with 60-lb. T rails, in Galesburg;
m., extending also to East Galesbui-g and Knoxville; also three ex
tensions aggregating 4 miles built and put in operation iu 1900. Totai
20 miles. Operates 36 cars.
Officers— President and General Manager, Fred. Seacord; Vloe
President, R. Chappell; Secretary and Treasurer, Loren stavens.
,
-
GALION, OHIO.
OHIO
CENTRAL
TRACTION CO. -A troUey
This company
to ue consolidated with the Mansfield Crestline &
roafl.
is
R v.. making
a total of 35 miles. It is reported that the new
have $1,150,000 stock, of which $400,000 will be 5 p. c.
cum. preferred, and also $400,000 5 p. c. 20 year bonds. Details not
ready 1 Feb .903.
Organization- Incorporated in 1898 under laws of Ohio. In 1902
wa» acquired by tho Pomeroy-Mandelbaum Syndicate of Cleveland.
company
will
i
,
Stock and Bonds—
Stock, $225,000 ($100)
Ist more. $200,000, gold
($1,000) o'.no s. t
Road Etc.— Owns and
Date.
Int-.rest.
/
189i)
5
J
Int.
at
Maturity
$225,000
150,000 June 1, 1919
Outniii^id'g.
J-D
New Haven
g.
operates 12
4- lO
Trust Co., Trustee.
miles of road from Gallon
to Buoyrus, laid with 60-lb. T rails. The company also own and oper
ate Seceaium Park, containing a theatre, pavilion. bowUng alleys,
museum, &c. Motors, trailers and cars, 11.,
Officers— President, F. T. Pomeroy; Secretary and Treasurer, 1_
M. Wolf; General Manasrer. J. H. .Merrill. General ottiocs, 212 Garfield Building, Cleveland, O.
galveston7~tex.
GALVESTON CITY RAILAVAY-A trolley
Organization— Incorporated
in
Texas
in 1900.
ro»(i.
Dec. 18, 1900, toot
©ver the property of the old Galveston City Railroad, sold at forc^
closure, and of the Gulf City Street Ry. A Real Estate Co. Guaranty
Trusb Company of New York is interei?ted. Road has been re-built and
Improved. A new power house, costing $165,00 », was put in opera
tion In Feb., 1'j02.
Stock,
&
Bonds—
common
Stock
preferred
do
l8t mortgage, $600,000
gold,$l,000
*
Date.
/
$
Interest.
Outstanding.
Maturity.
$400,000
400,000
1900- 5 g. J-J
600,000
Jan. 1, 1941
Int. at Guaranty Trust Co., X. Y., trustee.
M ortgage was issued Deo.
18, 1900.
1900.
$171,983
48,520
Interest charges, $30,000.
R. B. Baer— V. 65,
728. 824; V. 68. p. 618: V. 69, p. 541, 1345; V. 70, p. 280; V.71, p.
287. 963, 1269, 1311; V. 72, p. 87.
p.
GARDNER. MASS
&
GARDNER
RY.-Iu
BURG STREET WESTMINSTER
FITCH-
oecemoer, 1899, absorbed the
Gardner Electric Street Ry.; population served 40,000.
Stock
&
Bonds—
Date,
interest.
Outstanding.
Maturity.
$185,000
150,000
Feb. 1, 1920
)
1900 5 g. F. A.
c*slnt. at Mercantile Trust Co., Boston, trustee.
$150,000, g
Road— Owns 12 miles of main track from Gardner, through Soutk
Gardner anri Westminster to Fitchburg, where connection Is made
with the Fitchburg & Leominster Street By.; alt^o constructed a branch
line to Wachusett Lake, which was opened for trattic on May 26,
1900, hut Is operated as a summer liranch only. Total, 16 miles.
Earnings -For year ending Sept. 30, 1902, gross, $56,106; net, $11,-
Stock, $185,000 (*100)
Ist mortgage ($1,000)
686; charges, $15,011; deficit, $3,325.
Officers— President, Frederick S. Coolldge, Fitchburg; Vice-Pres.,
E. F. Blodgett, I..eomin8ter; Sec'y, Treas. and Gen. Counsel, James A.
Stiles, Gardner; Supt., Chas. A. JeflK. Gardner.— V. 69, p. 1247.
GENEVA,
N. Y.
WATERLOO
SENECA FALLS &
GENEVALAKE
TRACTION-Trolley.
CAYUGA
Chartered March
1895,
a consolidation
the
18,
as
of
Organization—
Geneva & Waterloo and other companies. The now cooipany owns the
Cayuga Lake Park property of 50 acres.- V. 60, p. 562.
interest.
Date.
Ontstan'q.
Maturity.
Stock & Bonds—
$350,000
(;om. stocK, par, $100
Pref. stock,
99,500
$100,000
4 g. A-O
436,500 Apl. 1. 1920
Istmorr., $500,000 ($500 > 1895
Int. at West End Trust Co., Phila., trustee.
and $1,000) gold
Bonds— lu Nov., 1902. $63,500 of bonds were unissued. Interest on
ijonds was formerly 6 per cent, but in 19 OO rate was reduced, by consent of bondholders, to 4 per cent
C
<,
Road— The road extends from Geneva to Cayuea Lake Park through
Waterloo and Seneca FaUs, 17 miles; sldinss. % miles Rails 70-lb.
I'irder and 60-lb. T- Track stanlard gauge. Operates 25 oars. 1 snow
plow, 1 sweeper.
Earnings—For fiscal years ending June 30:
Other
Park
Bat.,
Int.
Gross.
Xet.
Income.
Taxes. JErp's.
Tear.
def.
sur.$ S783
1902... $66,043 $26,413
$912 $17,940 $2,602
1901 .. 63,576
25,888
336
26,635
2,741
3,152
1900 .. 60,370
28,787
1,747
26,341
2,538 3,044
1,389
Officers— Pres., Isaac M. Thomas, Wilkesbarre, Pa.; Sec. & Treas.,
W. C. Gray, Seneca Falls; Supt., Howard Gray, Waterloo.— V. 60, p. 562.
GEORGETOWN, MASS.
GEORGETOWN ROWLEY
R Y -—A
trolley road.
& IPSWICH
ST.
Organization— Incorporated in Jan., 1899, and is controlled by the
same interests which own the Haverhill Georgetown
Danvers St.
<fe
Ky.
Estimated population of
Stock, $180,000, $100
1st mtge., ($1,000,)
district served 25,000.
Date,
interest.
Outstand'g.
$180,000
180.000
6%
Maturity.
in '99-1900
June 1, 1920
5 s. J-D
Mercantile Tr. Co., Boston, Trustee.
Road-- Owns and operates 18 miles of track from Georgetown
to Newburyport, with branch through Kovvley to Ipswich, where conneciion is made with the Boston & Northern RR. Rails 60-lb. T- Owns
20 cars and 34 electric motors. In Feb., 1901, a disastrous fire destroyed all the cars. Possesses power house from which Haverhill
Georgetown & Danvers St. Ry. is also operated.
Earnings.- For year ending Sept. 30, 1902: Gross, $40,514: net
i>l6,560; charges, $12,228; sarplus, $4,332.
Officers-— President, Alfred Rodman, 222 Boylston St., Boston;
Secretary. E. B. Fuller, Haver hul; Treasurer, T. K. Cummins Jr.,
$180,000, gold
Boston.— V. 71,
I
S
1900
Inc. at
135, 341.
p.
HAVERHILL
GEORGETOWN &DAN VERS
road.
RY.— A
ST.
trolley
Organization.— Incorporated in 1895.
Date, interest.
Stock and Bonds—
OuUtnnd'g. Mfiwity.
6%lnl900-01
$60,000
Ist mortgage
1899
5
Mch. 1. 1919
35,000
Road —Owns and operates 635 miles of track in Haverhill, Groveland and Georgecown.
Earnings- —Year ending Sept. 30: In 1902, gross, $28,450; net,
*7,244 charges, $4,585; surplus, $2,659.
Officers—President. Alfred Rodman. 222 Boylston St., Boston;
Treas., F K. Cummins Jr., Bjsiou; Sec, Edmund B. Fuller. Haverhill.
ritock,
Gallon
1901.
$123,401
34,643
Officers— President and Gen'l Manager, Major
Stock and Bonds—
Organization— Charter extended Dec. 29, 189:-», for 20 years. Is »
consolidation of the College City Street Ry. and the Galesburg Street
Stock
$177,272
57,793
Gross earnings
Net over taxes
trolley road.
OhQANIZATiON— Incorporated in California about May 14, 1901.
.)laturUy
Date, interest. Outstanding.
Stock & Bonds-
Stock $500,000, $ too
IstMtge.. $150,000, gold
Road— Embraces 36 miles of track.
Report—
1902.
Years ending Dee. 31—
N. Y.
& FREDONIA RAILROAD
DUNKIRK
road.
A
39
$60,000
GIRARDVILLE, PA.
SCHUYLKILL TRACTION
CO.-A trolley road.
Organization— Chartered Sept. 26, 1892. in perpetuity, under the
Motor Traction Act of March 22, 1887. Road opened June 1, 1893.
On Jan. 6, 1893. leased for 999 years the Mahanoy City Shenandoah
& Ashland Street Railway. On Oct. 5, 1893, leased for
999 years the Ashland i.ocustdale <fc t entralia Elect. Ry. Owns all
the stock of these wo roads, which is pledged under the tirsc mortgage.
On April 27, 1900, leased for 999 years the Lakeside Railway, which
connects the two ends of the company's routes from Mahanoy City to
Shenandoah and purchased 2,60O of the 5,000 shares of the capital
stock. On Jan. 24, 1901, leased the Shenandoah A' Pottsville Street Ry.
tor 999 years (incorporated Aug. 1, 1900), from Pottsville to Shenandoah, 13 miles, and bought all its capital stock. The Lakeside and
Shenandoah & Pottsvlle stock are pledged under.consol. mort.
OutsVing.
Maturity.
Stock & Bonds— MUes. Date, interest. Oulst'ing.
Stk., $1,500,000, com$1,500,000
mon, $100
$=i00.000 ($100) pf. ;
500,000
59»-.
Girardville
<
I
non-cum
1«1 ?L($500_,000),
J
)
500,000 Apr. 1, 1943
1893 5 g A-O
$500 $1,000, 8. f. 221^
Interest is paid atEquit.Tr. Co.. Trustee. Phila.
«in
nn<i yriy
^^-i^' ..fto^
»iu.uuu
aner Bondgmay
be purchased for sinking fund at 105.
g„
"t
after Apl. •98.... c"
Ist M. Lakeside Ry ')
$150,000 Nov. 1,1923
bH 1893 4gM-N
$150,000, guar.
EqultableTrust Co., Phila., Trustee.
by Schuylk.Trac. (Interest at
59,000 July 1, 1951
New con. M. $2,000,- ) .. 1901 4ia g J-J
000, $1,000. gold.c* S Interest at Fidelity Trust Co., Paila., Trustee.
g.,
STKEET RAILWAYS.
40
^onds.—The new mortgage Is glTcn to retire all outstanding bonds
and to provide for Improvements, extensions and any purchase of
existing properties. Of the $59,000 outstanding, $18,000 are held in
the treasury. Bonds are subject to call at any time at 105 and interest. Smkmg Fund of 1 per cent of bonds outstanding becomes operative on Aug.
1,
1907.
Division 2212 miles of track, beginning
at Locustdale, thence through Ashland. Holmesville to Girardville.
forming there a Y, one branch running through Lost Creek to Shenandoah and the other branch to 3Iaizeville, Gilberton and Mahanoy City.
Lakeside division, 5^ miles. Extensions of 43 miles proposed and
charters obtained, of which 4 miles completed during the spring of
1901. Extensiveimprovements were made in 1901. Operates 35 cars
Annual Report— Fiscal year now ends Dec. 31. For 1901, gross,
$208,258; net after ejtpenses, etc., $56,624; surplus above charges,
Road— Sohuvlkill Traction
$23,337.
Officers— Prest., Clarke Merchant,
Kee.
Phil.; Sec.
Supt.. F. P. Unger, Girardville,
Phil.;
„
J. A. Mo
71, p. 84, 288; V.
and Treas..
Pa.—V.
.
72, p. 242, 284, 582, 676.
trolley road.
the PowersSyndicate [in October, 1902, Mr. Powers disposed of his
Interest] as a consolidation of the (Jlens Falls Sandy Hill & Fort
Edward Street KR., Warren Co. Ry., Stillwater & Meohanicville St.
Ky., Greenwich & Schuylerville Electric RR., Saratoga Traction Co.
and Saratoga Northern Ry., the capital stock of these roads being exchanged for stock in the new comany. See Chronicle. V. 73, p. 391.
Has contract with the United Traction Co. giving it permission to run
oars over their tracks into the cities of Albany and Troy. Carries
14,
Colvin
freight as well as passensrers.
Company suffered from a serious
August, September and Octobei
Stock
&
Bonds—
,
•Kr„^r.«.-=«i Tii«,.t„o„^
m
employes during
1902.
Outslandivg. Maturity.
$3,000,000
Seetext, July 1, 1951
Cl^Ol 5g. J-J
Merchants' Tr. Co., N. Y., Trustee.
\ I^t- at
Dale.
8t'k,$3,000,000,par$100
strike of its
interest.
llow)
000 (*l,000)g.c
OOof^c ^ May be
$4,000,000
Underlying lAens—
called at
110
& int. on
any int.
date.
6 J-J
100,000 July 1.1911
Central Trust Co., N. Y., Trustee.
1893
6 J-J
50,000 July 1, 1913
5
Ac o,iAf
ao.
M. («!r;nn^<,«
(!t,&U0)g.c.
^ jj^^ at Merchants' Kat. Bank, Glens FaUs.
6A-0
81,500 Apr. 1, 1921
0001^ 1901
do -^dMrSTiO
ddM. ($150,000)
do.
^ jyjj^y ^,g ^.alled at 100 on April 1, 1902.
Still. & Mech. 1st
1893
6 A-O
47,500 Apr. 1, 1913
°"^®" ''."°.^: 1898
Apr. 1. 1913
A-O
202,500
6
$350,000^.*^
\
Bo^,dg.~6t the $4,066,000 mortgage of 1901, $1,000,000 is set
aside for future requirements; the present issue is $3,650,000, of
which $1:81,500 will go to retire the prior liens enumerated above.
Earnings— For fiscal year ending June 30, 1902, gross, $317,743;
net, $90,952: other income, $39,434; interest and taxes, $126,923;
surplus, $3,463.
Road- Main line extends from Albany and Troy northward along
the Hudson through the villages and tojvns of Waterford. MechaniovlUe, Stillwater, SchuylervUle, Greenwich, Fort Edward, Sandy Hill,
Glens Falls and Caldwell to Warrensburg. The Saratoga division,
which branches off from the main line at MechanicvlUe, provides a
line from Albany and Troy to Round Lake, Ballston and Saratoga
with a branch from Saratoga Springs to Glens Falls, via South Glens
Falls. Total main line 104 mUes, of which 85 miles is over private
right of way; sidings, 6'68 miles: operated under trackage rights,
23-37, making a total of 13410 miles of track. Rails 60 and 70 lb TStandard gauge. Operates 134 cars, 6 snow plows, 2 electric locomotives. Company owns Kaydeross Park, at Saratoga Lake; Ondawa
Park, between Greenwich and Schuylerville; Fort WiUiam Henry Park
and the new Port William Henry Hotel at Lake George.
Officers— Chairman Kx. Com. Peter McCarthy, Troy, N. Y.; President. A. B. Colvin, Glens Falls; Ist Vice-President, John W. Herbert,
New York; Treasurer, F. L. Cowles, Glens Falls; Secretary, Jos. A.
Kellogg, Glens Falls; Gen'l Mgr., B S Josselyn. Glens Falls.— V. 73,
p. 391, 899, 1061, 1160, 1207, 1356; V. 75, p. 732. 906, 1031.
GF.S.H.&F.E.lstM. (no) 1891
op.) ($500&$l,000).g.c. <Int. at
M
M
—
GRAND
RAPIDS, MICH.
RY.—TroUey and third
GRAND RAPIDS
in
1900. was
Organization, Etc.—
rail.
incorporated as a successor company to the Consolidated Street Ry. and the North Park
St. Ry., and owns all the street railway properties of (3-rand Rapids
and vicinity.—V. 70, p. 1149. Franchises expire la 1919, in 1920 and
in 1921.
Date. Interest. Outstand'g.
Maturity.
Bonds—
Stock
Btock.com., .$2,000.000($100)
$2,000,000
Pref., $2,000,000 cum. 5 >
, -nn nnn
tn-3 1 1 0/
Feb,'03,lJ4%
1,500,000 t?o1.
p.c. ($100)..
$
Gr. Rap. Ry. Co.'istMllilc"; 1900 5gJ-D 2,750,000
June 1.'16
$3,50O,0uO. gold, $1,000.. < Int. at N. Y. aecurity <fe Tr. Co., Trustee.
Bonds. Elc.—Ot the new mortgage for $3,500,000, $750,000 Is
reserved for permanent additions and improvements, and can only be
Issued for 85 per cent of the cost, and only "when the net earnings of
the company for the preceding year are equal to. or exceed, double the
interest charge on the total amount of bonds outstanding, including
those to be issued." Sinking fund becomes operative on Oct. 1, 1905,
payable 1 per cent of bonds out up to Oct. 1, 1910, then 2 per cent un
to 1915. (See V. 70, p. 1149.) Bonds cannot be called. Bonds are
listed on New York Stock Exchange.
i>i»(rfend«— Divldetjds on preferred stock are cumulative and 1^4 p o
quarterly has been regularly paid up to and including February, 1903."
Road— Owns and operates 53-67mile8 of track. Equipment, 70 motor
oars, 71 open cars and 38 trail cars.
Latest Earnings— For year ending Nov. 30, 1902, gross, $608,445;
net. $275,142.
Earnings—The earnings of the property for the years ending Deo.
31 are as follows, the interest shown being the present fixed charge.
Year.
Gross.
Net.
Int. dk taxes
Surplus.
1901
.$533,508
$267,879
$161,266
$106,613
506,705
247,786
1900
1899
44a, 580
213,181
Officers— President, Clarence M. Clark, Philadelphia; Vice Pres.,
Lester J. Rlndge, Grand Rapids; 2d Vice-Pres and Gen. Man., G.
Stuart Johnson; Secretary and Treasurer, B. S. Ilanchett Jr.; Asst.
Sec, C. Ford Stevens. Philadelphia.—V. 67. p. 319
V. 70, p.
583, 739. 841, 1048, 1149; V. 72. p. 183, 438; V. 76, p. 158.
April.
&
:
GRAND RAPIDS road.
GRAND
IHAVEN & MUSThird
system. The President,
KEGON
RY.—
D. Hawks,
President
the Detroit Ypsilantl Ann Arbor &
Electric
J.
is
also
&
Pittsburg.
Earnings- For 6 months ending Deo. 31, 1902 (with only about
two thlriis of road in operation), gross, $101,000; net, $36,000; interest.
*25,800; surplus, $10,200.
Road— Extends from Grand Rapids
in a northeasterly direction to
Muskegon, with a branch to Spring Lake and Grand Haven. Total
track, 48 miles; 70-lb. T raU. Operates 15 passenger, 3 express and
one w ork car. Road also does a ffeight business. Extension to Highland Park in Grand Haven is under construction.
Officers— President, James D. Hawks; Vice-Pres., T. F. Carroll;
Sec. Wallace Franklin, Detroit; Auditor, Kirk Lathrop.— V. 71, p. 437
1219; V. 72, p. 1187.
GLENS FALLS, N. Y.
VALLEY RAIL"WA.Y.-Aby
HUDSON —Incorporated
August
1901,
Organization
Thirty-year franchises In all towns through which it passes; otherwise
private right of way.
interest. Outstanding.
Maturity.
Bonds— Dale.
Stock
.
Stock, $1,200.000
$1,200,000
May I. 1926
1st mort., $1,500,000) 1901
5g. J J
1.250,000
($1,000), gold ...a.*\ Int. at Standard Trust Co., New York, Trustee.
Bonds- The $250,000 remaining bonds can only be issued from time
to time for acquisitions, betterments, etc. The interest on outstanding bonds is guaranteed for 5 years by the Security Investment Co. of
GRAND RAPIDS HOLLAND
& LAKE MICHbee V.
477, 528,
p 602 V.
IGAN.— Under construction,
71.
GREAT FALLS, MON.
GREAT FALLS STREET RY-A
Organization— On Feb.
trolley road.
1903, was stUl in the hands of W. D.
1,
Dickenson as receiver.
—
&
Miles. Date, interest. Outstanding. Mahcrity.
Stock
Bonds
8tock,$200,000, pari$25
$100,000
1891 6gJ-D
246,500 June 1. 1906
M. for $500,000 gold
Mortgage trustee, Massachusetts Trust Co., Boston.
Road— Operates 823 miles of track and 8^ miles of road. General
Manager, Lemuel S. Boggs.
GREEN BAY, V/IS.
FOX RIVER ELECTRIC RAILWAY &
POAVER.-Trolley.
This is a reorganization of the Fox River Electric, sold at foreclosure
Jan. 14, 1899. (V. 68, p. 129.) In October, 1899, purchased the McCartney Street line. Population served about 35,00c.
Date, interest. Outstand'g.
Maturity.
Stock and Bonds.
Com., (par $100), $25,000
$20,000
Pf. 5% cum. ($100), 125,000
125,000
M.g. (par $50, $100, $500), < 1899
5 g.
115,000
July 1, 1919
$150,000
Interest at
\
Road— Owns and
Milwaukee
of
Tr. Co., trustee.
the City of Green Bay, and
also a line from Green Bay to De Pere, 20 miles in all; 45 and 78po'ind rail 19 motor cars, 8 trailers. An extension of 5 nules to Duck
Creek was completed in November, 1902, making total track 25 miles.
Further extensions are contemplated.
Officers— President, A. M. Murphy, Green Bay; Vice President,
W.P.Wagner; Secretary, B.L.Parker, Green Bay; Treas. and Gen.
Man., Mitchell Joannes, Green Bay— V. 68. p. 129.
operates
all lines in
;
GREENFIELD, MASS.
GREENFIELD
& TURNERS FALLS
RAIL"WAY.—A troUey
STREET
road.
Is proposing to Issue 20 year 5% consol. bonds to the amount of
$130,000. $88,000 or which are to refund the present issue, and the
remainder to provide for floating debt and build an extension.
Date, interest. Outstanding. Maturity.
Bonds—
Stock
&
Stock,$130,000,($100)
Istraort
sold 8
i
xst mort. goia,
s. f
J
^
,
ConsoL M
Loans pay. Sept. 30,'02
Bonrf«—The 1st mortg.
$115,500 4% 1901-02
88,000 June 1,1916
Interest at Beacon Trust Co., Boston.
1896 5
g.
J&D
(?)
26,000
...
(originally $100,000) provides for the payoient of $2,000 annually from 1897 to 1915, inclusive, at a premium.
Road—Greenfield to Deerfield, Cheapside, Lake Pleasant, Miller's
Falls, Montague City and Turners Falls, 1506 miles; sidings. 041
miles; total track, 15-47 miles. Extension of 3 miles to be built in the
spring.
Earnings—For year ending Sept. 30. 1902. gross, $51,617; net
$20,507 charges, $8,095 dividends. $4,620 surplus, «7,792.
Officers— President, Fred'k E. Pierce; Treas., D. P. Abercrombie
Jr.; Superintendent, J. A. Taggart.— V. 63, p. 76.
;
;
;
GREENW^ICH, CONN.
GREENV/ICH TRAMWAY
Organization.- Incorporated
in
CO.-A
Connecticut
troUey road.
under perpetual
charter in June, 1893. Is controlled in same interests as N. Y. &
Stamford Ry., forming a continuation of the latter's line.
Date, interest. Outstand'g. Maturity.
Bonds.
Stock
Stock, $400,000 ($100),
$400,000
^^Ol 5 g. J-J
215,000 July 1,1931
Ist mort'se $400 000?
at N. Y. Security & Trust Co., New York.
Jr?M „V""^lBt.
^«?^nnn?
c
(^ J ,uuuj gom,
.
g^^^g Treas. of Connecticut, Trustee.
^
Road.— Extends from Portchester, N. Y., where it connects with
the tracks of the N. Y. & Stamford By., to Stamford, Conn., 8 miles,
and forms a link in the through trolley system from New York
to Boston. Entrance into Stamford Is to be obtained over the tracks
of the Stamford Street RR.
Officers.— President. Chas. A. Singer, Larohmont, N. Y.; Treasurer,
J. Neilion; Secretary, R. J. Walsh. Office, Portchester, N. Y.— V. 74,
p. 326.
_
&
. .
,
HACKENSACK, N. J.
JERSEY
NEW
& HUDSON RIVER
FERRY CO.-
RY. &
Organization— Incorporated at Trenton, N. J., on Feb. 27, 1900, as
a consolidation of the Bergen County Traction Co. and the Ridgefield
and Teaneck Ry. Co. See V. 70, p. 430. The new company owns the
entire capital stock of the Riverside & Fort Lee Ferrj Co., and the
Highland Improvement Co.
& Bonds—
common $1,000,000
Stock
Stock,
Date. Interest. Outstanditig.
rail
Jackson Ry. and the Lansing City Electric Ry.
Organization — Incorporated In Michigan early in 1900 to build an
electric road on fenced right of way, connecting the three cities named
in the title, a total distance of 48 miles. The road was entirely completed and put in operation about May 1, 1902. Population served
about 155,000. The Westlughouse Company owns 90 per cent of stock.
74, p.
;
629, 728; V. 75, p. 1301.
®'j?nn'J?,'m*'^^'*^^°^^-°i
1st mort., $1,500,000 gold ^ 1900
($1,000) c*
5
g.
}lnt. at U.S.
M-8
Maturity.
$1,000,000
650,000 Feb.'02,60/i
1,200,000 Mar. 1, 1950
Mtge.&Tr. Co., N.Y., Trustee.
Bonds— Ot the $1,600,000 bonds, $300,000 reserved for future
extensions and improvements. Bonds can be called on and after
March 1, 1905, on any Interest day, at 110 and interest, upon six
weeks'
liOtlce.
STKEET KAILWAYS.
Dividends— Tlie first divldenn of 5 per cent on pref. stock was paid
on Feb. 16, 1901. In Feb., 1902, 6 per cent was paid.
Earnings— For calendar year 1901 gross, $103,589 operating ex;
surplus, $60,101.
130th
Road— Owns and ooerates 15 miles of road, from ferry at West
The latter line
St., Kew York City, to Englewood and to Hackensack.
was opened on June 21, 1900. On May «. 1901, an ordinance was
passed giving the company right of extending tlirough Hackensack
to Maywood. This was completed and opened for traffic on Nov. 9,
1901. Extension to Areola and Paterson of 5 miles under construction to be completed about April 1, 1903.
OFFICERS-Pres. A. Merritt Taylor; 1st Vice-Prest.. W. H. Clark
2d Vice-Prest. <fe Ges'l Manager, F rank R. Ford 149 Broadway. N Y.'
Secretary and Treas., W. N. Barrows.— V. 72, p. 242; V. 75, p. 1202.
penses, $43,488
41
Interest is payable at office of trustee, the Harrisburg Trust Co
For year ending June 30, 1902, gross, $48,200; net, $11,766; interest:
taxe-. etc., $11,522; surplus, $ 244. President, Spencer C. GUbert,
Sec. -Treas.,
W.
L. Gorgas, Harrisburg.
;
|
HUDSON RIVER TRACTIONNew Jersey on
OrqANIZATION— Incorporated
In
March
22,
1902,
with auihorized capital stock of $1,500,000 (par $100) of which $='00.000 is 4 p. c. non cum. preferred (none issued). Bonds to the amount of
$1,000,000 have also been authorized, but none issued. Control of
stock is owned by the N. J. & Hudson River Ry. & Ferry Co., in whose
Interest the company was originally organized. It is reported that
this company will purchase and operate the Newark & Hackensack
Traction Co., which it is expected will shortly be sold at foreclosure.—
V. 74, p. 680; V. 75, p. 1203; V. 76, p. 159.
HAGERSTOWN, MD.
trolley road.
years. No longer
for
has city contract, but furnishes commercial electric lighting.
Interests identified with this company in July, 1901, purchased a
majority of the stock and all of the bonds of the Myersville & Catoctin
Electric Ry.,but shortly thereafter directors of the latter made a new
lease of the road to the Frederick & Middletown Electric Ry., which
see on a previous page.
Bonds— Capital stock, $200,000; par, $50. First mortStock
gage is for $200,000 gold 6 p. c. bonds, dated 1896, due May 1, 1916,
Interest, Q.— F., at otflce of Commonwealth Guaranty Trust & Safe
Deposit Co. of Harrisburg, Pa., trustee of mortgage.
Road— Hagerstown to WiUlamsport and FunkstowB, 13 m. of track.
Under the name of the Hagerstown & Boonsboro Ry. Co. an extension of 10 miles was built in 1902 Funkstown to Boonsboro; total 23
miles of track. The Hagerstown & Boonsboro has $120,000 stock and
12,
&
$120,000 bonds.
Officers— President. Clirlstlan W. Lynch; Treasurer. Wm. Jennings;
Sec. and Supt., W. C. Hepperle.
HAMMOND,
IND.
"WHITING
& EAST CHICAGO
HAMMONDRAILWA
Y-A
ELECTRIC
trolley road.
Franchise runs till 1920. Controlled in interest of South Chicago City Ry. V. 62, p. 86.
Stock dk Bonds— ^Ues. Date, interest. Oulstand'g. Maturity.
Organization—Chartered
Stock & Bonds—
Common, $500,000 ($100)
in 1892.
,$300,000
Stock, $300,0t)0
1894 5g. M-8
100,000 Mar. 1,1904
latM., $100,000, gold 22
Interest payable at Northern Trust Co. mortgage trustee, Chicago, 111.
Road— Owns 22 miles of track, extending from State line at Roby to
Whiting, East Chicago and Hammond, and operates in connection with
South Chicago City i\y. to 63d St. and Madison Ave. in Chicago.
Officers— President, D. F. Cameron, Chicago Vice-President, D. M.
Cummlngs Secretary & Treasurer. O. S. Gaither.—V. 62, p. 86, 502.
,
;
;
Oute.
Maturity.
interest. Ontf landing.
$402,900
43,500
Pref., $50,000 ($100)
270.000 April, 1927
1897
5 e, A-O
i«t Mtc «qon nnn ^niri (
Int. at Harrisburg Trust Co., Trustee.
^„*^
^^r.n^'^l
SrXAr
c
(it>&uo & $LUU)
^jjQ sink, fund and cannot be called.
Earnings.- Yearendlng June 30.1902, gross, $25,614: net .$671;
taxes and Interest, $1,004; deficit $333.
Road.— 18 miles of track between Carlisle and Mechanicsburg.
Gauge, 5 ft. 2 in., 58 lb. T. and girder rail.
Officers.— Pres. Geo. W. Cumbler: Secretary, T. H. Alleman; Treasurer, W. L. Gorgas; Supt., James O'Hara.
HARTFORD. CONN.
HARTFORD MANCHESTER & ROCKVILLE TRAMWAY CO.Incorporated on June
Organization—
Stock & Bonds—
RAILWAY.-A
HAGERSTOWN
40
1896,
Chartered March
Organization—
CUMBERLAND VALLEY TRACTION CC-
Trolley.
6,
Date,
interest.
1894.
Outstand'g.
When
due.
$300,000
Stock $500,000 (par $100)
200,000
Oct. 1, 1924
1st M., $300,000 ($1,000). g. 1894 5 A-O
Road— Operates 18'75 miles of track, extending to Manchester, Talootville
and Rockville. 56
lb. rail,
39
cars.
Earnings—Twelve months ending June 30, 1902,gross, $130,993;
net. $26,477; interest and taxes, $16,521; surplus, $9,956.
Officers—President, M. &. Chapman; Vice-Pres. and Treas., R. O.
Cheney Sec, Chas. Sloan, all of South Manchester, Conn.
;
road.
HARTFORD STREET RAILWAY-AtroUey
the Hartford
&
Organization— Incorporated on July l, 1862, as
Wetherstield Horse Ry., and changed to present title on Oct. 4, 1893,
Date. Inter't. Outstanding. Last div., rfc.
Bonds—
Stock
Stock ($2,000,000, par $100)
Q-J $1,000,000 Jan.,'03, 113%
&
Deo. 1. 192T
1897 5 J-D
200,000
^|u\?.', re^! dIc.!! 1900^^' \
1st m'ort., $3,000,060) 1900 4g. MS. 2,500.000
Sept. 1, 1930
gold ($1,000)
c* $ Conn. Tr.
Safe Dep. Co., Hartford, Trus.
New
Interest is payable at Connecticut Tr.
&
& Safe Dep. Co., Hartford, Conn.
Dividends. -In 1895, 6; '96, 6; '97, 6 p. c; '98, 6 p. c; '99, 6 p. c; in
1900, 6 p. c; in 1901, 6 p. 0.; in 1902, 6 p. 0. In 1903, Jan., l>s p. c.
Road— Lines extend to Wethersfield, West Hartford and Windsor.
East Windsor, East Hartford and South Glastonbury, in all 89-4 9 miles
main track. Total track. 92-97 miles. Standard for tliecity is 90-lb.
girder rails and in the country 58 to TO- lb. T rails. Cars: Closed 111,
open ,101 other 50.
East Hartford&Glastonbury Horse RR. (name chaneed in 1899 to East
Hartford & Glastonbury Street Railway) is controlled by ownership
The Newlngton
of stock and leased for 30 years from 1897.
Jramway, from Newlngton Church to Hartford, was purchased in
i897, and a through line from Hartford to New Britain is operated via
ihe Central Ry. & Lighting Co. of New Britain.
Earnings— For fiscal years ending June 30:
Oross.
Net.
Int. <& taxes. Dividends. Bal.,gur.
1902
$37,213
$780,558
$243,668
$146,455
$60,000
1901
-^54,057
737.871
150,924
60,000
43,133
1900
682,936
142,806
75,000
30,386
248,192
443
1899
618,913
142,763
42,000
185.206
Officers—President, E. S. Goodrich; Vice-President, Samuel G
Dunham; Sec. and Treasurer, Daniel R. Howe General Manager, N
McD. Crawford, all of Hartford.- V. 65, p. 1069, 1173: V. 70, p. 531
1095, 1149, 1194; V. 71, p. 29, 390; V.73, p. 1160; V. 74, p. £4.
;
HARRISBURG, PA.
FARMINGTON STREET RAILWAY.-Trolley.
HARRISBURG TRACTION-A trolley road.
Shareholders are to vote April 4 on proposition to lease the Harrisburg Traction to a holding company for 6 per cent on the stock. The
new company is also to take over various independent lines. Including
Harrisburg & Mechanicsburer, Harrisburg & West Fairview, Linglestown & Blue Mountain and West Fairview & Marysville railways. It
is also proposed to buUd new lines to Dauphin, 9 miles, and to Hummelstown. 9 miles. The holding company will have $5,000,000 capital,
not all i)f which is to be issued at once. Harrisburg Traction shareholders will be allowed to subscribe tor $2,000,000, and wiU also, it is
thought, receive a stock dividend of $100,000.
Par. Bate, interest. (hUstand'g.
LastDiv,
Stock cfc Bonds—
Harrisburg Traction,
50
Text.
$2,000,000 See text
stock, $2,500,000...
1894 6 g. M-N
75,000 May 1,1924
Citizens' Passenger— J
Ist M., $75,000, gold (Int. at Com'wealth Gaar. Tr. Co., Harrisburg
Leased to E. Har. Fass. Ry.—
12 J-J
25
Harris. City Pass. stk..
$125,000 Lease rent
50
10 J-J
Middletown H.&S.stk.
100,000 Lease rent
The Traction Co. holds in its treasury $700,000 (all) stock of the
East Harris. Pass. Rwy. and $235,000 (all) of the Citizens' stock.—V.
€0,p.873.
Dividends—Tlte dividends in February and Augiist, 1899, aggregating 4 per cent, were paid in stock, the money being used in reducing
floating debt. Dividend period changed to quarterly, and 1 per cent
paid in cash Oct., 1899. In IhOD, 4 p. o. Dividends again changed to
semi-annual and 2^ p. o. p lid Feb. 1, 1901, and 2^2 p. c. on August. 1.
In 1902, 5 p. o. In 1903, Feb., 3 p. c.
Road—Leases and operates 47 miles of track as follows East H arrisburg Passenger, 24 miles; Citizens' Passenger, 6 miles; Harrisburg City Pass., 5 miles; Middletown Highspire & Steel ton Pass., 12 m.
Earnings for years ending June 30:
Net.
Int., taxes, etc. Dividends. Bal.,s^ir.
12 ?n OS.
Qross.
t$167.858
1901-02. ...$466,530 $267,858
$100,000
1900-01.... 357,709
194,585
t94,585
100.000
1899-00.... 368,645
206,124
tl09,626
100,000 def.$3,502
' Dividend was paid in stock.
t Includes in 1901-02, $69,430, in
"
1900-01 $30,542 and in 1899-1900 $35,367 of other expenses."
Gross, $457,705; net, $193,937
Latest Earninqs—12)1902
months to Deo. 31. 51901
Gross, 391,176; net, 150,539
Officers— Pres., Edward Bailey; V.-Pres., B. F. Myers; Sec. and
:
Treas., W. J. Calder; Supt. and Pur. Agt., B. F.
V. 69, p. 743; V. 70, p. 125, 945.
Musser.- V. 63,
p. 227;
HARRISBURG & MECHANICSBURG
ELECTRIC RAIL^VAY
CO. -A trolley road.
Stock auth., $225,000
Istmort., $224,000, gold....
g.
Organization— Incorporated May 7, 1892. Operates 7 miles of track.
DaU. interest. Outstand'g. Maturity,
Stock & Bonds—
1894 6
M-S
$144,500
144,500
Sep., 1914
Organization-Thisis the Hartford & West Hartford Horse RR.
sold in foreclosure August 1, 1 899. New company organized, and began business on Oct. 19, 1899. Old bondholders received stock in
exchange for their bonds. No bonds now. Extensive litigation m
progress in the courts over claims against the old property.
Dividend.
Par. interest.
Outstanding.
Stock
Bonds—
&
$100
....
$189,000 (i>6 paid)
I313 miles of track laid with 56-pound T rails, 10
miles of which it owns and upon 313 miles it has trackage rights.
Officers—President, Henry A. James, Lakewood, N. J.; VicePresident, D. Newton Barney, Farmington; Secretary, Treasurer and
Gen'l Mgr., E. D. Bobbins, Wethersfield, Conn.— V. 69, p. 283.
Stock, $189,000
Road—Operates
HAVANA, CUBA.
Population in 1899 was 242,000 and in 1902 275,000.
HAVANA ELECTRIC
RY.-A troUey road.
Organization— This company was incorporated in New Jersey for
the purpose of acquiring the Ferro Carril Urbano y Omnibus de
Habana (Havana City Ry. & Omnibus Co.), which was organized in
1876. Franchise runs until 1958. Has also the right to carry freight
over parts of the system. Sub.scriptions for the new bonds were
received in June, 1902, by Edward Sweet & Co. in the United States
and by London and Montreal houses. V. 74, p. 1251. Has a controlling interest in the $2,500,000 stock of the Insular Ry., which has
acquired franchises for about 100 miles of new lines in the vicinity of
Havana. V. 75, p. 1147.
The projected Havana & Jaimanltas is
said not to be a competitor, see V. 75, p. 906,
Maiurily.
Outstand'q.
interest.
Oate.
Stock
Bonds—
Com., *7, OO.OOu, f. p
$7,500,000
Prf.6%non-c.. $5,000 000
.'i,000,OUO
ConbOl M., $10,000,000. / 1902 5 g. F.-A.
7,500,000 Feb. 1,1952
gold (.$1,000), s. f ..c* i Central Trust Co., New i'ork, Trustee.
Jiojids- Of the $7,5u0,0i>0 outstandinsr, $6,600,000 was reserved to
retire $B,350,000 prior lieuH. (of which over 80 per cent has been
e.xchanged) $40u,0u0 for floating debt and $oOO,Ouo to acquire new
properties; $2,500,000 are reserved for futiirei corporate purposes.
tiinki'iu fuaa ot^'kS.OOO per annum commences Jan. 1, 1906, on the
outstanding $;,=iuo.(iOu bonds; and if any addition*! bonds are issued
sinking fund is to be increased correspond! u.i;iy. Bonds may be called
for sinking fund after 19o6 at 105, aud entire ifsue can be redeemed
at 105 and interest on any interest day on and after Feb. 1, 1907, upon
&
.
A
six months' nntice.
Road -Owns and operates about 40 miles of track.
Officers— President, Edwin Hanson, Montreal, Quebec;
Ist VicePresident, W. L. Bull. New York; -Jd Vice-Pre.sident. N. Uelais.Havana;
Secretary and
reasurer, A. Marcus. New York; <.;hief Engineer and
Gen. Mgr., O. F. Greenwood, Havana.— V. 72, p. 722; V. 74, p. 728, 1251;
V 75. p. 849,906,1147.
1
STREET RAILWAYS
42
HA V ERHILU MASS.
STREET RY.
HAVER.HILL & AMESBURY
Maturity
Outstanding.
&
Stopk
Bonds—
Date.
Interest.
B^ck, 1250,000. piir $100
BlackRock&Salisb'yBeacli51891
5gJ-J
let mortgage, gold
<
$150,000 Oct.,'97. 30/o
111,000 July 1, 1911
See text
Interest at International Tr't Co., Boston.
179,000 July 1, 1912
HaverhiU AAraesb-yOonsol. 5 1892 5g. J - J
Boston.
M. ^
$290,000^••*'
g., $1,000. c* Unt. at Aui. Loan &Tr. Co., trustee,
r-igQQ g j_i)
200.000 Deo.1,1911
notes
Debenture
Tr. Co., Boston
^ interest at Am. Loan
189.687
Loans pay'bleSep.30,1 902
Dividends— None since Oct., 1897.
'
<te
Road— Has 28 miles of track, including sidings, etc. Trolley road.
Annual Report—For years ending Sept. 30 earnings have been
Net.
Int.. Taxes, die. Bat., Sur.
Gross.
$22<.
$37,499
$113,938 $37,719
886
45,394
46,280
116,395
Officers— President, E. p. Shaw. Newburyport, Mass.; Sec. and
Treas, Geo. A. Butman; OtHce. 8 Congress St..Bo.ston.— V. 68, p. 67.J
i901-1902
1900-1901
HAZLETON. PA.
ORQAnization— Incorporated Id New Jersey May, 1901 mid acquired
the entire ($1,500,000) capital stock and ($1,,500,000) bonds of tUe
Wllkesbarre <fe Hazleion Railway Co. (Pennsylvania ineorporatiou)
and deposited the same, together with $140,000 (entire issue) of the
Lehigh Traction Co.'s 5 per centcertiticates of indebtedness and $90:-(,600 of the stock of $1,000,000 of the Lehigh Traction Co., as security
for the Wilkesbarre <te Hazleton RR. Co., Issue of llrst collateral trustmortgage 5 per cent gold bonds. V. 72, p. 1281.
interest. Cutsiand'g
Maturity.
Date,
Bonds—
Stock
8tk.,com.,$2,5o0.000($100)
$2,500,000
,
&
6%
non-cum.
$180,720
$200,000
00 J 1901 Sg.MfeNis, 1,400,000 May 15. 1951
c* < Int. at Guaranty Tr. Co., N. Y., Trustee.
gold ($1,000)
Bonds— Ot the authorized issue of .$2,500,000 collateral trust bonds,
$600,000 are reserved to retire all bonds of the Lehigh Traction Co..
and $500,000 are held in the bauds of the trustee for the acquisition
of additional property. Pref. stock can at option of company be
changed at any time Into the bonds of the company at par, said bonds
to bear not less than 5 p. c, or may be redeemable at par In cash.
Road is to rperate from Hazleton to Wilkesbarre a distance of 27
miles, now under construction, of which about 22»a luiles constructed.
Is expected to be completed Jan. 1, 1903; to be operated by third rail.
Officers— President, A. Markle; Vice-President, John B. Price;
Treasurer, N. C. Yost; Secretary. E.S.Doud.—V. 72, p. 1281; V. 73, p. 33.
Coll. tr mtge.,$2,500,(
—
(1)
LEHIGH TRACTION CO.— A trolley road.
Organization— Chartered Nov. 7. 1892. Franchise perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 each
the Hazle. & Suburban Elec. Ry., capital $30,000; Hazle. & South Side
Electric Ry., capital $75,000; Hazleton & North Side Electric Ry.,
capital $75,000. The $140,000 oertiticates of indebtedness and $903,
600 of Lehigli Trac. stock are deposited as security for the Wilktsb.
& Hazleton RR. t)ond8.
Date. Interest. Oulsland'g.
Maturity.
Stock & Bonds—
Stock, $1,000,000, $100
$1,000,000
500.<i00 June 1, 1923
iBt mort., $500,000, sold, > 1893 5g. J-D
0" (Trustee, Markle Bkg.& Trust Co., Hazleton.
$100, $500, $1,000
Certiflc'es of indebtedness
140,000
Oar barn bonds, $55,000 .. 1895 5g M-S
55,000
1925
Hazle Park bds, $60,000
1895 5g. A-O
30,0(j0
1925
Road. Operates 27 miles of track, new steel T rails, oak ties, well
ballasted. Road extt-nds from Hazleton to West Hazleton, to Yorktown (connecting with Penn. RR. and Lehigh Valley RR.). to Mcadoo
(south) and MilnesvUle, Latimer Mines and Freeland (north).
Traffic in 1902 was reEarnings-— For fiscal year ending Dec. 31
duced by anthracite coal miner's strike.
Yeur.
Gross
Net.
Int ,inxes.ttc.
Balance.
1902
$43,340
$40,395
sur. $2,9i5
$100,950
1901
131,426
74,094
39,041
sur. 35,053
1900
114,704
61,164
41,750
sur. 19,414
—V. 64, p. 232; V. 66, p. 233; V. 72, p. 1279. ,|
.
—
:
(2)
WILKES-BARRE & HAZLETON RY.-A
trolley road.
Organization— Chartered Dec. 13, 1899, under General RR. law.
Act of April 4, 186"^, State of Pennsylvania. The Wilkes-Barre &
Hazleton KK. owns the entire stock and bonds
Stock
&
Bonos—
Stock, $1,500,000, f.p
Ist M., $1,500,000, /
Date.
InVrest.
Outstand'g.
Maturity.
$1,500,000
1,500,000 May 1,1951
gold
5 Interest at guaranty Trust Co., N. Y
Trustee.
Road— Owns 27 miles of road from Hazleton to Wilkes-Barre, and
uses for terniinala 1 mile L. T. Co. track at Hazleton and 2 miles W.
B. & W. V. T. Co. track at Wilkes-Barre; total, 30 miles, commenced
operating on Jan. 12, 1903 (all except ^ mile track).
Officers— President. John B. Price; Vice-President and Purchasing
Agent, Geo. W, Thompson; Treasurer, N. C- Yost; Secretary, D. T.
Evans; General Manager, A. Markle
1901
5g M-N
,
HELENA, MON.
HELENA LIGHT
& TRACTION-A
Incorporated
trolley road.
<fe
Stock
bonds unrtfr a protective agreement.
& Bonds—
Miles. Date,
interest.
Outstand'g.
$2.50,000
HEMPSTEAD,
-
trolley road.
&
Stock & Bonds—
Common, *750,»iii0 (*50)
Date,
Oms'and'g.
$125,000
250,000
interest.
.
Pref.5%cum.,$25(,000 ($50)
istmtge. $1,000,000
\
Last Div-
t?^4,^„fl t^.^co.. aeTelan.l. Trustee.
Officers— President, .lohn E. Ensign, Hempstead; Secretary, Jas..
A. MarElhinuv. New York; Treasurer, J. R. Nutt, Cleveland, O.—
74, p. 1038. 1355; V. 75. p. 77, 498.
HOBOKEN,
N.
J,
JERSEY CITY HOBOKEN & PATERSON
This is a consolidation Nov., '99, of practically all the trolley roads In
the northern part of New Jersey except the North .Tersey Street Railway, aiid this latter is controlled by the same interests, namely the
Shanley-Young syndicate. V. 69, p. 955. The Jersey City Hoboken «fe
Paterson (generally known as the White Line system) comnrises the
following roads, which have nil been merged
it
Jersey City Hoboken & Rutherford Electric; North Hudson County
(controlling the Hudson & Berjren Traction and the Pavonia Horse
RR.); Palisades RR.; Paterson Central Electric; Paterson Horse RK.;
Paterson Passaic <fe Rutherford Electric; Paterson Railway; Saddle
River Traction; White Line Traction, formerly the New Jersey Elect.
Stock
Bonds.— The $300,000 of Paterson City Railway 2d general mortgage 6s are subject to call at any time. 'The remaining old
bonds are not subject to call.
Date.
Interest. Outstand'g. Maturity.
Stock, $20,000,000, $100
$20,000,000
m
&
P
1
TT
fr
P mt^
M-N
1«'9 4g.
(
n* \ Interest at N.
<rnirt
«9n
noonnn'f*!
nVin^
*zu,uuo,ouu
(!i>i,ooo).
0^
J
Tit.
11,5- 5,000 Nov.1,'49
Guar. & Tr. Co., Jer-
sey City, Trustee.
Bonds of Constituent Companies— North Hudson County By.
Date,
Interest.
6 J.-J.
mortgage ($1,000)
Outstand'g.
Maturity.
620,000 Jan. 1,1914
Consol. mort. ($3,000,000) ) jqqq
5 •'••'•
T-T
2
378 000 July
Tnlv 1,
1
IQSB
-^.-s/s.ooo
19^8
0*5^*'*'**
^
$620,000 to retire IstM
1894 5 M.-N.
2d mortgage ($1.000)
1,292,000 May 1,1904
^^^^ 5 F.-A.
100.000 Feb. 1 1915
^
WeehawkenExt
weeuawKcn Ji-xi. m
^
Trustee. Central Trust Co., New York.
\'^^^^
50,000 Aug. 1, 1907
6 F. -A.
Paterson city
Citv tty.
Rv
raterson
^ interestat First National B'k of Paterson.
ConsoL M., gold, $1,250,- J 1891 6g, J.-D. 1,000,000 June 1, 1931
000 ($1 .OOOi
c < Trustee, Knickerbocker Trust Co
1^94
300,000 Oct., 1. 1914,
6 A.-O.
^
2d
e-en mort it>ciOO.tOO...<B300 000
iO. gen.
^ i.,ugtee. Paterson Savings Institution.
Paterson Railway.
Paterson Ry. 1st M
1888
6 J.-D,
$200,000 June 1, 1908
Report— For calendar year 1902, gross, $197,525; net, $854,893;
fixed charges, $849,v. 97; surplus. $5,596; inli<01, gross, $1,359,93 iv
operating expenses, $975,739; net, $884,1»2; fixed charges, $838,669;
1st
M
M
m
.
,
surplus, $45,523.
Road—Total of track operated Is 1' 056.
Officers— President. David Young; Vice-President. John F. Shanley; Trea.surer. George W. Roe; Secretary, F. J. Davis; Auditor, S.
C. Stivers. OHice. 21 Hudson Place, Hoboken, N. J.— V. 69, p. 333,
955. 1012; V. 73, p. 138. 184. 236. 337; V. 74. p. 236; V. 75, p. 1087.
(1
)
BERGEN TURNPIKE CO
Organization— Originally chartered on Oct. 27. 1802, \7lth $53,990
capital ($10 shares) and owns the turnpike from Hoboken to Hackensack, a distance of 12 miles, over which an electric road was constructed in 1902. Opening of line is delayed by dittlculiy in obtaining
consent to cross Erie tracks at Ridgefield. Little Ferry and Hackensack. The Jersey City Hoboken & Paterson Ry. owns a majority of
the stock and guarantees its $1 .000,000 5 per cent bonds, dated 1901,
principal and interest. N. J. Title Guar. & Trust Co., Jeriey City,
Tru.stee.
HOLYOKJE. MASS
HOLYOKE STREET RAILWA Y-TroUey.
Shareholders in Jan., 1903, authorized directors to petition Massachusetts BR. Commission for leave to issue $265,000 debentures.
Date, interest. Outstanding. Last div., etc.
Stock—
Stock, $700,000 ($100)
J-J
$700,000 Jan., 1903,4%
Deb.b'd8($500,$l,000)o' 1895
5 A-O
250,000
Apr. 1, 1915^
Tl?00b^".°!^.^.^.^.°^c*i
1899
5^-0
85,000
Oct. 1,1919
Leased line rental, Mt.
Tom RR Stock, 6p.c
6
100,000
Interest on all bonds payable at Holyoke Nat. Bank.
Dividends In 1892 to January, 1903, inclusive, 8 percent yearly.
Road— Has 40 miles of track, including Mt. Tom (incline) RR..
4,900 feet long, operated under a 25-year lease. Is now building a
direct line to Westtield, Mass. 107 cars, 7 snow plows and 191 motors.
Earnings- Years ending Sept. 30.
1902.
1901.
1902.
1901.
Gross earnings.$336,853 $296,165 Dlvs. paid (8p.o.)$56,000 $48,000
Net
113,524
BaL.sur.foryear
99,471
2,156
408
55,3()8
51,063
Int., taxes, &c..
BaL for div'nds 58,156 48,408 T'l sur. Sept.30. $78,143 $75,987
Officers— President. General Manager and Purchasing Agent, Wm.
S. Loomis Treasurer Wm. R. Hill; Supt., G. H. Hunter, all of Holyoke.
-V. 66, p. 616 V. 71, p. 602, 809; V. 76, p. 212.
—
I
1
;
Maturity.
Stock *250,00().($100)
Helena Gas-Llght & ) ...
1890 6 J175,000 July 1, 1910
Coke 1 at M.($ 1,000) s Int.atMiiineap.Tr.Co.,Minneap., Minn. .Trustee.
HelenaL't&TractlstM / ... 1902 6g. J-J
2^0,000 July 1,1922
$500,000 g,($l,000)c 5 Jiit.at Federal Tr.&Sav. B'k, Chicago, Trustee
.Boxrf^.- Are subject to call after 2 years at 105 and interest. No
sinking fund.
ROAD-Owns 17 miles of trolley track.
Officers— President, T. A Marlow; Treasurer, A. L Smith; Sec
retary. H. L. Walker.— V. 73. p. 843; V. 74 p. 778, 1254; V. 75, p. 240,
1086.1256.
NEW YORK
A
A line wUl be built later to Long Beach and also one to Batiylon.
I
lu 1902 in Mouz^ani as successor to the
OrganizationHelena Power
Light Co., sold at foreclosure. Controls the Helena
Gas Light & Coke Co.; comprises the city's entire street railways, gas
and electric-light plants. 8. H. P. Pell & (;o. (7 Wall Street) in Dec,
1902, were askiDK Helena Gas T.isht & (;oke 1st mtg. bondholders to
depot-it their
,
RY.— All electric system.
"WILKESBARRE & HAZLETON RR.-
Stock, pref.
$1,000,000. Operates an electric line connecting Mineola. Hempstead
and Freeport. yifl miles. In 1902 was constructing a road 16 miles
long from Freeport westerly via Rochville Centre, Lynbrool: and
Valley Stream, to a connection with the Kings County Elevated Railway at Brooklyn. Is al.so buUding from Hempstead west 10 miles, to
Queens and .lamaica. where connection will be made with the tracks
of the New York & Queens t'ounty Ry. Line to Queens was completed
in Sept 1902, gi\lng 16 milts of completed track.
All fmuchises
have been secured except those in New York <"ity, which are pending.
N. Y.
LONG ISLAND TRACTION
Organization—This was formerly the Mineola Hempstead & Freeport Traction (incorporated on Feb. 27. 1899), but name changed as
above on July 1, 1902, and capital stock Increased from $125,000 to
;
HONOLULU, HAWAII.
HONOLULU
RAPID TRANSIT & LAND
CO —Trolley.
In February, 1903, negotiations were pending for the absorption of
the Hawaiian Tramways Co,, having a capital of $325,000 and $150,000 bonds.
Organization— Incorporated in July, 1898. Franchise runs for 30
years, and permits the carrying of freight and mall as well as passengers. E. H. Rollins & Sons, Boston and San Fran^ Isoo, offered the
bonds In June, 190'.^. In Oct., 1902, bonds were listed on the San
Francisco Stock and Bond Exchange.
Date, interest, thitttnnd'g. Maturity.
Bonds—
Stock
Common
&
{$.'">00,()()0)
Preferred ($500,000)
Ist mort., $1,000,000, gold,
($1,000)
C
f
J
1
I
$2-6,300
209.000
460 000 May 1, 1927
1902 6g. M-N
Interest at Union 1 r Co., San Francisco,
Trustee, at Natl City Bank. New Yoik,
or at company's otHce, Honolulu.
STREET RAILWAYS.
Bonds.- The $460,000 reported outatauding above includes so much
of the $145,000 earlier bonds due in 1920 as has not yet been exchanged for the new $540,000 bonds reserved for extenaonsat the
rate of $15,000 per mile, or for acquisition of other street railways.
sinking fund is provided after
B4>nd8 are optional May 1 , 1917.
May 1, 1907, of 3 p. c. of outstanding bonds.
EARNiNGS-For 12 months ending Aug. 31, 1902, gro- a, $157,515;
net, $66 610.
Road Oppratea 16 miles of track, including extension of 8 miles to
Waikibi Beach completed in February, 1 903. Gauge, 4-ft.; 85-lb, rails;
£5 vescibukd motor cars and 10 trailers; 800 h, p. generators.
Officers President. L. A. Thurston; Vice-Presid't, .T. B. Atherton;
H. Atherecretary, J. A. Oilman; Treasurer, L. T. Peck; Auditors,
on and J. H. Fisher; Manager. C. 6. Ballantync- V. 74, p. 1251; V.
5, p, 732, 981.
A
C
HOOSICK FALLS, N. Y.
BENNINGTON
& HOOSICK VALLEY
A trolley road. Population served, 30,000.
RY.-
Organization— A consolidation on Nov. 9, 1897, of the Hoosich
Ry. aud Benuintrtou Electric RR. A line was constructed from
Bennington to connect the roads, and a $250,000 mortgage has been
authorized, of which $68,000 reserved for future needs.
&
Interest. Outstand'g. Maturity.
Date.
Bonds— ^
Stock
Stock, com., $170,000 ($100)
$170,000
Pref., non cum., n on- voting.
5 percent ($100). $30.000
30,000
Ben. <k 11. \M8tM., $250,000, < 1897 5g. J-J
182,000 Jan.1,1928
gold ($50 J and $1,000)
( Int. at Intern'l Trust, Boston, trustee.
Road— I6I2 miles long, connecting Bennington and Hoosiok Falls.
Owns 16 double motors, Ave closed, four open aud three f leiglit and
service cars. Sixty-pound T rails, standard gauge. Has 400 H. P.
plant. In Oct., 1902, extensions proposed from Hoosick Falls to Troy
and irom Hoosick Falls to Williametown and from main line at Eagle
Bridge to Greenwich, a total of 56 miles. V. 75, p. 1398.
Earnings— Por year ending June 30, 1902, gross, $38,215; net,
$15,286; interest and taxes, $9,434; suiplus, $5,852.
Officers- President, Geo. E. Greene; Vice-President, Jos. Buckley!
Treasarer, I. E. Gibson, Bennington. Vt.; Secretary
Superintendent'
E. H. Libby, Hoo^lok Falls.— V. 75, p 1398.
&
HOT SPRINGS, ARK.
HOT SPRINGS STREET R AILROAD-Trolley
in 1894; successor to Hot Springs Electric
Controls Fountain & Suburban RR., 1 mile.
Date, interest. Outstanding.
Maturity.
Bonds—
new bonds aud 40% in new preferred stock, this calling for the entire
i>8ue of preferred stock and $1,500,000 of the total Issue of $2,o00.000 of new bonds, the remaining $500,000 being reserved for future
extensions and improvements. Holders of the old bonds are also to
get (under a modltlcatiou of the original agreeuient) common stock
for their unpaid coupons. Bondholders were called upon to pay $5
per bond to defray expense^ of reorganization.
Road -Operated by thlri-rail system from Hudson via Renselaer to
Albany, comprises 35 miles of lUiUu line and -i miles of sidings, with 2 additional miles of overhead trolley road in Hudson.
In February, 1900, made contract giving it privilege to enter Albany
over the tracks of the United Traction ol Albany, ojierates 35 passenger cars and 18 freight and expre.ss cars, aud 2 snow plows. Rails, 70
and 801b. steel, standard gauge. Supplies lightand power along route.
in
Report— For years ending Dec. 31. In 1902: Gross, $242,294; net,
alter taxes, $72,366. In 1901: Gross, $:^l<f,719; net, ^29,822.
Officers— President, Clmtou L. Rossiter; Vice-Pres.. A. M. Young;
3ec. and Treas., H. G. Runkle, 100 Broadway, N. Y.; X^.st. Sec. and
rreas., Geo. '.Blakeslee; General Manager. A. C.Salisbury.— V. 68, p.
1181; V. 69, p. 743; V. 71, p. 390, 808; V. 74. p, 678; V. 75, p. 847; V.
76, p. 265, 381.
^
—
HUNTINGTON, V/. VA.
CAMDEN INTER-STATE RY.-A John
trolley road.
Sale On June 30, 1902, a syndicate represented by
Graham of
Sewville, J. J. Henry and William Nor+h of Philadelphia purchased
this entire property, together with the electric light plants and parks
in Ironton, Ashland and Huntinsiton, for a sum said to be $2,000,000.
Ninety per cent of the stock is owned in Pennsylvania.
Organization— Incorporated under the laws of West Virginia in
1900.
&
Stock
Stock
$100,000
1894 6g. J-D
Ist mort.,g. ($250,000).
200,000
June 1. 1924
Trustee is St. Louis-Uniou Trust Company, St. Louis, Mo.
Road— Operates 11-8 miles of track.
Officers— President, S W. Fordyce; Vlce-Pres., H. E. Martin; Sec,
Treas. and Gen'l Mgr., Chas. H. Weaver.
HOUGHTON, MICH.
HOUGHTON COUNTY ST.
RY.-a troUey road.
Incorporated in X899 to build au electric road In
entire copper belt, serving a
population of about 75,000. Franchises in public streets expire in
1930. Private right of way perpetual.
Date, interest.
Outstand'g.
Maturity
Stock and Bonds—
Stock, $750,000 ($100)
$750,000
Pref., $500,000, 6% n. c.
......
200,000 Oct., '02, 3%
let mortgage, $750,000, <
1900 5 g, J-J
625,000
July 1, 1920
o*. I Int. at Boston Safe Dep. & Tr. Co., Trustee
($1,000), gold
J5ond«—Whole issue can be called after 1905, at $105, upon 4 weeks,
notice. Pref et red stock can be redeemed at 110.
Earnings— For 12 months ending June 30, 1902, gross, $158,580
net, $68,187; charges, $28,3 10; surplus, $39,877.
Road.— Owns 22 miles of track, including lines from Houghton to
Hancock and from Hancock to Laurium, Red Jacket and Wolverine.
Organization-
.
Officers-- President, F. J. Bawden, Houghton, Mich.; Vice-Pres.,
O. Chapman, Boston; Treasurer, Henry B. Sawyer, Boston;
AsBtTreas., John W. Payne; Secretary, H. R. Hayes; Supt., A. H.
Warren; Gen'l Mgrs. and Transfer Agents, Stone and Webster, Boston.
Wm.
HOUSTON ELECTRIC COMPANY. -A
road.
trolley
Organization— Chartered at Austin, Tex., on Oct. 26, 1901, and is
successor to the Houston Elec. St. Ry. Co., sold at foreclosure Oct., '01.
Controls all the street railways in Houston. Franchise originally ran
until Oct. 23, 1925, but in J an., 1903, was extended 10 years, for terms
see V. 76, p. 1 58. Lee, Higginson
Co. of Boston offered the bonds
for sale in May, 1902. V. 74, p. 680.
In May, 1902, stock and bonds
listed on the Boston Stock Exchange.
&
&
Bonds—_
Preferred.
Date.
.
6% uon cum.
Interent.
Outstanding.
^2fiOO^QQQ
Maturity.
50J,000
5g. F-A
1,500,000 Aug. 1,1925
\ Int. at Intern'l Trust Co., Boston, Trustee.
Bojids— $1,000,000 are reserved for extensions and improvements at
80 per cent of cost. Entire issue, but not any part, can De called on
ana after Aug. 1, 1910, at 107^2 and interest
Sinking fund of 1 Lg p. c. of bonds outstanding operative on Aug. 1
1903, If earned, and obligatory after Aug. 1, 1905. See V. 74, p. 680.
Road— Comprises 36 miles of track. Operates 25 cars.
^ Earnings- For year ending Dec. 31, 1902, gross, $360,017; net,
$149,245; interest, $75,000; surplus, $74,245.
Officers— President, Geo. J. Baldwin; Vice-Pres., Bugsell Robb;
Treasurer, Henry B. Saw.ver: Secretary, \V. H. Tucker; Managers and
Transfer Agents, Stone & Webster, Boston.— V. 74, p. 629, 680, 1086.
o",
Hj89, 1139; V. 76, p. 158, 331
$500,000 (.WOO
1
5
1st mtge., $2,500,000
gold ($1,000) .s.f.c*.
.
,
,
J
Outstanding.
$l,0u0,000
Maturity.
—
Road Operates 30 miles of track between Huntington, W. Va., Cattlettbbuig aud Ashland, Ky., and Ironton, Ohio.
Officers— President and General Manager, John Graham.— V. 73,
p. 82, 1263; V. 75. p. 28.
INDIANAPOLIS, IND.
BROAD RIPPLE TRACTION-A
trolley road.
OfQANlZATiON-Organized as successoito the Indianapolis & Broad
Ripple Rapid Transit Co. sold at foreclosure July, 1899. The Indianop. St. Ry. owns about 75% of stock, but separate organization is
maintained.
Stock
&
Bonds -
Date.
stock $100,000 (par $100).
•
Rate.
Outstand'g.
Maturity.
$100,000
1899 5 g., J-J 400,0*0 July 1,1933
Interest at Guarantee Trust & Safe De-
posit Co. (Philadelphia), Trustee.
J?o(id«— Are guaranteed, principal and interest, by Indianapolis St.
Ry. No sinking fund, and bonds cannot be called.
Road— 7^2 miles of track from IndianapoUs to Broad Ripple Park.
Officers—President. John B.Warner; Sec. John D. Thomson; Treasarer, E. B. Peck.— V. 69, p. 180; V. 73, p. 137, 183.
INDIANAPOLIS TRACTION & TERMI'L CO.
Organization— Incorporated in Indiana on Aug. 4, 1902, with
$500,000 capital, which was increased in Jan., 1903, to $5,000,000
(.$1,500,000 being given to Indianapolis Street Railroad shareholders as a bonus), to provide terminal facilities for all interuruan electric roads now entering or yet to enter Indianapolis. Franchise is for
31 years, nnuer the terms of which the company is to pay the city 4
cents per car for the first 11 years, 6 cents for the next 10 years and
9 cents for the remaining 10 years. On Dec. 29, 1902. leased for 30
years the Indianapolis Street Ry. V. 75, p. 1301. Wldener-Elklns
syndicate is understood to be in control. In January, 1903. made a
mortgage to the Gurantee Trust & Safe Dep. Co. of Philadelphia for
$5,000,000 5 p. c. bonds, due Jan. 1, 1933. V. 76, p. 101.
Road, &C.— Eleven miles of newr double track are proposed, together with large interurban passenger stations and two freight
depots.
HOUSTON, TEXAS.
ST05K
Interest.
1901
Mtg. gold,$400,000('$l,000)0*
Houghton County, running through the
Com., $2,000,000 ($100)
.Oate.
I,<>15,0u0
5 g. M-S
3 921
Interest at Citizens' Trust Co., Parkersand cannot be called.. 3 burg, Trustee.
Ist mort., $150,000
150,000
Bonrfs-$150,000 of the new bonds are reserved to retire the firsts of
like amount, and $60,000 are in the company's treasury.
Organization— Chartered
&
Bonds—
Stock, $1,000,000, $100
New mort.. *1,500,000, >
gold ($1,000), no 8. i.,\
Street Railway.
Stock
43
1900
.
HUDSON, N. Y.
ALBANY
& HUDSON RAILWAY & POWER
Default and
Defaulted
the
iJtor.(/a'U3a«ion.—
Sept., 1901, in
payment
of interest, and Oct. 10, 1902, George T. Blakeslee of Kindorhook was
appointed receiver. On Feb. 11. 1903, the property was purchased
for $1,2.t0,000 at foreclosure sale bv uharle.s H. Werner, representing
the reorganization committee. The plan of reorgauization provides
for a new issue of $2,000,000 40-ve tr gold bonds, interest to be 4 per
cent for first 3 years and .> per cent thereafter, and $2,000,000 stock, of
which $1,000,000 is to be 5 per cent preferred cumulative from March
1, 1908. Holders of the old issue of $2,500,000 bonds will receive 60%
Officers.- President and Manager, Hugh J. McGowan; Vice-Prest.,
H. F. Wasson. bee V. 75, p. 393; V. 76, p. 48, 111.
(1)
INDIANAPOLIS STREET RR. -A trolley
system.
Organization.- Incorporated in Indiana. March 7, 1899. After
acquiring the Citizens' Stre at RR. ol Indianapolis and the City Railroad, made a contract with the City of Indianapolis agreeing to surrender the rights and franchises of both companies and accept a
new franchise running only thirty-four years. The contract also provides that cash fares are not to exceed live cents, with free transfers,
and tickets are to be sold at the rate of six for twenty-five cents and
twenty-five for one dollar.
The company also binds itself to pay over to the city (which is to expend it on the public works) the sum of $30,000 yearly, from 1899 to
1925. and $50,000 yearly, from 1926 to 1932, Inclusive, the contract
expiring in 1933— see V. 68, page 723. The city gets the right to purchase the property "at any time within two years and not later than
one year before the expiration of this contract," nothing to be paid for
the value of the franchise. Law sustained May, 1902. V. 74, p. 936.
As to the three-cent- fare case, which the U. S. Court of Appeals
decided In favor of the Citizens' Co. In Dec, 1897, see SOPPLiaciiNT of
Nov.. 1898, and V. 64, p. 842, 1180; V. 65, p. 51, 181, 1172 .-^-^
Guarantees the ($400,000) bonds of Broad Ripple Traction Co., and
owns 75 per cent of its stock.
iease.- Ou Dec. 29, 1902, was leased to the Indianapolis Traction
<& Terii/inal Co. for 30 yearij.
Sea V. 75, p. 1301. Lease provides for
dividend of 1 p
Jan. 1, 1903, then 3 p. c. semi-annually for first
year, 4 p. c. for second year, 5 i> c. for "third year and 6 p. c. after
July, 1906. As part coneirteration for lea.-<e Indnnatiolii St. RR.
shareholders were jflveu $1,500,000 ot Ind. Trac. .k Term, stock.
Date, interest. Oalstandlng Dividends,<£c.
Stock
Bonds—
Capital stock ($100)
$5,000,000
6,000,o00
July 1, 1933
Indianapolis Street, M., ) 1899 4g. J-J
$6,000,000 gold {$1,-V Interest at Guar. Trust & Safe Dep. Co.,
Phila., trustee.
000)
c">
Citizens' St. Ry. consol. ) 1893
4,000,000 May 1, 1933
5 g. M-N
M. $4,000,000 gold c* 5 Trustee Solicitors' Loan <fe Trust Co. of Phila.
Interest on Citizens' consols at Fourth Street Nat. Bank, Phila.
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been
canceled. No bonds reserved for the $3,000,000 Citizens' consols.
Stock and bonds listed on Phila. Stock Exchange.— V. 69, p. 851.
Road—In June, 1902, operated 142 miles of track, with 280 motor
&
. .
oars.
STREET RAILWAYS.
44
Earnings—For llmontlia, May
Operating
Oross
Net
3,
1899, to April 1, 1900:
Taxes,
on bonds.
1-99.
11 nionlhs.
Int.
Balance,
surplus.
eaminps.
$69,830
$76,540
$330,000
$476,370
$506,001
Officers —President, George Brown, Indianapolis; First Vice-Pres.,
J. A. Lemcke; Second Vice-Prest.. Jas. M.Jones; Third Vice-Pres.,
Joseph S.Neflf, Philadelphia; Secretary. Henry Jameson; Treasurer
and Assistant Secretary. W. F. Milholland.— V. 74, p. 936, 1196; V. 75,
^cpenses.
receipts.
$982,371
p. 393, 1301; V. 76, p. 48.
INDIANAPOLIS & EASTERN RAILV/AY-
TroUey
Organization- Or.ffanized in 1902 under the laws of Indiana as a
Greenlleld Rapid Transit and the
consolidation of the Indianapolis
Indianapolis & Eastern Traction.
Franchises are for 50 years In Marion and Wayne count ea, perpetual In Haneock and Henry counties, and 30 years ^in the cities of
Greenfield and Knightstown.
Outstand'g.
Interest.
Date.
Maturity.
Bonds—
Stock
$1,200,000
Stock. $1,^00,000
VJOO.OOO July 1, 1927
5 g. J-J
consol.
mtge., (1902
1st
$1,000,000, gold ($l,--^Int. at Mercantile Trust Co., N. Y., or at
Central Trust Co., Indianapolis, Trustee.
c* C
000) 8. f
5 g. J-J
300,000 Jan. 1,1929
Green. 1st M.,( 1899
Ind.
$aOO,000
($1,000). < Int. at Savings & Trust Co.,Triistee, Cleveland,
or at First National Bank, New York City.
c* (
gold
Bonds— Ot the $1,000,000 consols authorized, $300,000 are leserved
to retire the Indianapolis & Greei field first 5s and $500,000 for
extensions, but only to]iie Issued if earninfirs for the preceding 4 months
have Vieen sutJicient to pay interest charges on bonds issued and those
to be issued. Asinktug f'<.«rf becomes operative alter 5 years. Fund
is to be invested in the company's bonds if they can be bought in
open market at not more than 105 and interest. Bonds cannot be
On the Ind. & Greentield bonds, $12,500 is payable yearly,
called.
to a sinking fund, beginning Oct. 1. 1904, with which bonds
beginning with No. 1 will be purchased at 105 and accrued interest.
Road— Owns about30 miles of track, extending from Knightstown to
Irvington, where it connects with the Indianapolis Street Ry., over
whose track it operates within Indianapolis under a 33-year contract.
70-lb. T rail used. An extension to Dublin is under construction to
connect with the tracks of the Richmond Street Railway, and is expected to be completed by April 1, 1903.
EARNINQS—For 12 months ending Deo. 31, 1902: Gross, $101,994
net, $45,312.
Officers -Pres., Frank M. Fauvre. Indianapolis: Vice-Pres.. Medford B. Wilson; Secretary, John F. Chipnian. -V. 70. p. 583; V. 71, p
1167; V, 72, p. 44; V. 73, p. 184, 1160; v. 7i, p. 184, 342, 666.
&
&
,
&
INDIANAPOLIS COLUMBUS & SOUTHERN
TRACTION CO.—A trolley road.
Organization— Formerly the Indianapolis Greenwood & Franklin
RR., which company was incorporated in Indiana in 1895. Name
changed as above in Jan.. 1903. Chandler Bros. & Co. of Philadelphia
have underwritten the entire issue o bonds.
Date. Interest. Outstaridittg. Maturity.
Stock & Bonds-
Stock, $285,000.
$285,000
1903 5g.
300,000 Feb. 1,1923
1st mortgage. $1,000,000 >
c*r « Int. at Trust Co. of N, Amer., Phila., Trus.
gold ($1,000).Bonds.- $700,000 are reserved for extension to Columbus and for
other extensions; cannot be called
Earnings— For year ending June 6. 1902 (on 19 miles between Indianapolis and Franklin), gross, $87,002; net, alter taxes, $42,413.
Latest Earnings— For 6 months ending Nov. 30, 1902, gross, $50,535; net after taxes, S24.40t>.
Road— Operates 19 miles of track between Indianapolis and FrankStandard gauge. 60 lb. T rail. An extension of 21 miles to Collin.
umbus, Ind., is under construction, and is expected to be completed
June, 1903.
Officers— President, Jos. T. Irwin; Vice-Pres. and Mgr., Wm. G.
Irwin; Sec. and Treas., Hugh Th. Miller, all of Columbus, Ind.; Supt.,
A. B. Hogue, Greenwood. - V. 7o, p. 101, 331, 435.
FA
INDIANAPOLIS & MARTINSVILLE RAPID
TRANSIT CO.-AtroUeyroad.
ORQANIZATION—Incorporatedin Indiana on April 24, 1901, to construct an electric road between Indianapolis and Martinsville, a distance of 30 miles 21 miles to Brooklyn were put in operation in Sept.,
1902, and remainder is expected to be completed by March 15, 1903.
Date.
Outsianding.
Interea'.
Maturity.
Bonds—
Stock
Stock, $750,000 ($100)
$750,000
Jan. 1,1932
1^02
750,000
5 g.. J-J
1st mtee
$750 000? Trustees,
Union Trust Co. and Security Tr. Co.
«•?
/«innm'D.ni^
(»i,uuu> goju
c^ of Indianapolis.
Int. at Security Tr. Co., Ind.
Bonds -Ho sinking fund, but bonds are subject to call after 10 years
at 105 and interest.
Officers- President, Chas. Flnley Smith; See. and Treas., Emmett
M. Smith.— V. 74, p. 94; V. 75, p. 393, 666.
&
INDIANAPOLIS
& NORTHWESTERN
CO.— A trolley road.
TRACTION
OBQANlZATiON-Formerly the Indianapolis Lebanon & Frankfort
Traction, but in December. 1902, name was changed as above ai'd
stock increased to $3,000,000 Tucker, Anthony
Co Boston, have
underwritten the bonds.
Date.
interest. Outstanding.
Maturity.
Bonds—
Stock
Stock, $3,000,000 ($100)
$2,000,000
1903 5 g. M-8
Ist Mtge., $3,000,000 J
1,920,000 Mar. 1, 1923
gold ($1,000)
c* S Int. at Knickerbocker Trust Co., N.Y.,Tustee.
bonds— lHo sinking fund, but bonds can be called on any interest
date at 110
Road— Is to operate 64 miles of track between Indianapolis, Lebanon, Frankfort and Lafayette. Standard gauge 70 lb. T-rail. Is
expected to be In operation to Frankfort by July 1, 1903, and to
Lafayette by Dec. 1 1903,
Officers— tresident, Georsre Townsend, Indianapolis; Vice-Pres.,
Philip L. !<altou8tall. Bonton; "Secretary, Wmthiop Smith, Boston;
Treasurer, Chauncey EldrldKO, Boston. V 76, p. 48.
&
,
&
Indianapolis and arrangement with the Ind. St. Ry. allowing it entrance into the city. Denisou, Prior & Co., Boston and Cleveland,
offered the bonds lor sale in Jan. and Feb., 1903. V. 76, p. 435.
Date, interest. Outstand'g.
Maturity.
Stock
Bonds—
Stock. $600,000 ($100)
$600,000
1st Mtge, $500,000, gold 5
1902 5 g. J-J
500,000 Jan. 1, 1932
($1,000) 8. f.
Unt. at Am. Trust Sav. Bank, Chic, Trus.
.Bojids— Entire issue may be called on any interest date at 110. A
sinking fund of $10,000 per annum commences Jan. 1. 1908, for
which bonds can be called at 105, beginning with the lowest number.
Road— Operates 27 miles of track connecting Indianapolis with
Shelby vllle. 6a-lb. T-rails. Extension to Greensburg proposed.
Officers—President, Ed. K. Adams; Secretary, Thos. E. Goodrich;
Treasurer, Jno. R. Messick. V. 75, p. 498, 1086; V. 76, p. 265, 435.
&
&
IRONDEQUOIT, N. Y.
ROCHESTER
& SUBURBAN RY.-A
eteam road.
troUey and
Organization-Incorporated on January 30, 1900,a8 a successor of
the Rochester <fe Irondequoit RR, On Aug. 25, 1900, acquired the entire capital stock of the Rochester & Lake Ontario By. Co. and consolidated with it. The branch running from Rochester to Svunmerville
is leased to the Rochester Railway Co.
interest. Outstand'q, Maturity.
Date,
Stock
Bonds—
Stock, com., $70,000 ($100)
$70,000
&
PL, 5p. c.cum. ($350,000)$100
350,000
1st mtge. $450,000 ($1,000) J^OOJ S^A-O.^^lSee t^e|t) J^^y
1,
1930
^
8"'"^
-(Trustee.
Bonrfs— Bonds are issued and are held by the trustee as security for
loans, which JuneSO, 1902, were $438,773.
Earnings— For fiscal year ending June 30, 1902: Gross, $48,520;
net, $24,407; charges, $21,650; surplus, $2,757.
Road— Rochester to Sea Breeze, 747 miles, and from Rochester to
SummervlUe, 4^2 miles (double track) total, 16"47 m.
Officers— President, George W. Archer; Vice-Prest., Frederick
Cook; Secretary and ^en'l Manager, Chas. A. Williams; Treasurer, F.
P. AUen, aU of Rochester.—V. 70, p. 231; V. 71, p. 699.
;
IRONV^^OOD, MICH.
TWIN CITY GENERAL ELECTRICStock
& Bonds
Date,
-
interest.
Outstand'g.
Maturity.
$400,000
6J-D 125.000
1913
\
^ j^^ ^^ q^^ Colony Tr. Co., Boston, trustee.
Stock
MoT-tfracfi $ij;&,ooo
*125 000
Mortgage,
Road—Owns 7^2 miles
of track.
Officers—President and General Manager, E. D. Nelson; VicePresident, H. M. Byllesby; Seoretarv and Treasurer, H. F. Jahn.
ITHACA, N. Y.
ITHACA STREET RAILWAYOrqanization— Chartered Nov. 18, 1884. Leased the Cayuga Lake
Electric Railway in June, 1894, for 49 years upon the terms that it
shall pay principal and interest of the leased road's $25,000 first mort.
interest.
Date.
Outstand'g.
Maturity.
Bonds—
Stock
$325,000
See text.
Stock, $325, 000,pr.$l 00
6J - J
175,000 July 1, 1922
1st mortgage, $175,000 J 1892
\ Int. payable at Farm. L.&T. Co., N, Y. City.
&
1894
6J-J
1901' 6
g.
$75,000 July 1, 1922
50,000 July 1, 1922
J - J
^ Int. payable at Ithaca Trust Co. trustee.
6J-D
25,000 June 1, 1922
Cayuga L. Elec.l St M.,gu.. 1894
Dividends.— In July, 1895, 3 per cent; in AprU, 1896, 3 p. c; 1896-7
2*3 per cent; in 1897-«, 2^ per cent; in 1898-99 and since, none.
Bonds- Of the new 3d mtge. $300,000 were aathoi ized on the property of the Ithaca St. Ry. and $25,000 on the Cayuga Lake Elect. Ry.
The Ithaca Street Railway Company owns and holds in its treasury,
the entire stock of Brush-Swan Electric Light Co. (capital, $50,000).
The bonds of the Ithaca Street Railway Oo. cover the same.
Road— Owns and operates 768 miles of track. Rails, 45 to 62 lbs.
standard gauge operates 29 cars and 1 snow plow.
Earnings-For fiscal year ending June 30, 1902. Gross, $111,089;
2d mortgage, $75,000
3d mort., $325,000 ($100)
c*
gold
<
,
;
and taxes, $23,135; deficit, $7,455.
Officers.— President, Edward G. Wyckoff; Vice-President.
net, $15,680; interest
Cornell; Secretary, R.
-V. 7 2, p. 988.
1..
^
Post; Treasurer, H. A. NiohoU,
F.
C
all of Ithaca.
JACKSON, MICH.
DETROIT & CHICAGO TRACTION
Organization.- Incorporated
in
CO.
Michigan in Feb., 1901, with au
thorized capital stock (par $100) of $4,000,000 (which wiU event'
ually be increased to $10,000,000). This wiU finally be the operating company of the Boland Syndicate, who are constructing an electric road from Detroit to Battle Creek, a distance of 120 miles.
The Detroit & Chicago Traction lately entered into a contract
with the Detroit United Ry. for trackage into Detroit. Road Is
ultimately to be extended to Chicago, a total distance of about 275
miles.
—
Officers. President. W. A. Poland, New York; Vice-President, P.
H. Flynn, New York; Secretary, AV. A. Foote, Jackson, Mich.; Treasurer, F. C. i;ocheu.
New York.— V.
72. p. 241.
JACKSON & BATTLE CREEK TRACTION
CO.— Third rail and trolley.
tension to Danville Is proposed.
Officers— President, Albert Lieber: Sec, Treas. and Mgr., H. L.
Sauth; Supt., Mont Bonner.— V. 75, p. 732.
Organization- Incorporated in Michigan on May 19, 1902, to connect Jackson with PariiJ a, Albion, Marengo, Marshall, Ceresoo and
Battle Creek, a total distance of 4 5 miles. To form part ot the Boland
System, now constructing from Jackson through Ann Arbor to Detroit. Is expected to be completed and in operatiou by May 1, 1903.
Standard gauge, 70-lb. T rail. Third rail on private right of way and
trolley in cities and towns.
Dae. interest. Outstanding.
Maturity.
Stock & Bonds
$l,.=iOO,000
Stock, $1,500,000 ($100)
Jan. 1. 1923
1.000,000
1^03 5 g. J- J
)
1 «t Tnt,.« «! 200 000
«i > Int. at Savings & TrustCo., Oleve., Trustee, or
,1; ?^n,^^;«ii'
goia
....e
($1,000
at First National Bank, New York.
J
Bond*- $200,000 reserved for extensions. No slnkingfund, but bonds
subject to call in any amount any interest date at 103 and Interest.
Officers -President, Gen. C. M. Spitzer, Toledo: vtoe-Pres., A. L.
Spltzer, Toledo; Treasurer, N. S. Potter, Jackson; Sei'y and Manager,
W. A. Foote, Jackson; Supt., J. B. Foote, Jackson. V. 75, p. 1147.
INDIANAPOLIS SHELBYVILLE
EASTERN
TRACTION-A trolley road.
road.
.
INDIANAPOLIS &PLAINFIELD ELECTRIC
RR.— A trolley road.
'
Organization- Incorporated under the general
railroad
law
in
Indiana with .$100,000 capital stock. (No bonds
Operates 14 miles
of track between Indianapolis and Plalnlleld. 70-lb. J rail- An ex)
cSt
SOUTH-
Organization— Franchises are perpetual in Marlon and Shelby
counties and 35 years in Shelby vllle. Operates over private right of
way with exception ot 3»« miles. Has 31-year franchise from city of
—
JACKSON & SUBURBAN TR A CTION-A trolley
Organization— This is areorganlzation In 1900of the Jackson Street
By., purchased at foreclosure on dept. 13, li^OO. Constitutes all the
treet railways in the City of Jackson. Franchlees practically per-
STREET RAILWAYS.
petual. Will form part of the "Boland System" now conetr ucting from
Jaokeon to Detroit.
&
interest. Outstanding. Maturity.
Date.
Stock
Bonds—
$300,000
Stock, $300,000. $100
400,000 Apl. 1,1931
I8t mortgage, $400,000, )
5g.A.-0.
1901
gold ($1,000
Jlnt. at North American Tr. Co., N.Y., trustee.
Bonds-Ca.n be called at 105 and interest at any interest date.
Road- Owns and operates 24 miles of track In Jackson, including
a suburban line to Gross Lake.
Earnings— For years ending Deo. 31: In 1902, gross, $87,192; net,
$36 159. In 1901, gross, $75,167; net, $33,347.
Officers— President, W. A. Boland, New York; Treasurer, Worrall
Wilson, Jackson.
JACKSON, MISS.
JACKSONELECTRICRY. LIOHT&PO'WER.
Organization— Incorporated July
19, 1898.
Company
etreet railway, electric light and gas plants of Jackson.
interest.
Outstanding.
Date.
Stock
Bonds—
Stock, *2iS0,00O ($100)
$250,000
&
1 St mortg'ge,
$250,000)
1899
5
g.,
A-O
250,000
operates the
Maturity-
Apr.
1,
1929
. s Int. at Memphis Trust Co., Memphis, Trustee.
($1,000), gold.
Sinking fund of $1,500 per annum, but bonds cannot be called.
Road— Operates 6^ miles of track.
.
Officers— President, F. G. Jones; Vice-President, H. H. Corson
and Treas., S. T. Carnes.
Sec.
JACKSONVILLE, FLA.
JACKSONVILLE ELECTRIC CO -TroUey.
Organization— Is a consolidation in 19C2 of the Jacksonville Street
Ry. Co., the Main Street* RR. Co. and the Jachsonville Electric Light
Co.; franchls-es on railways run for 29 and 15 years, and on lighting 9
years, all from 1902.
Date, interest. Outstanding.
Maturity.
Bonds—
Stock
Common. $800,000,($100)
$800,000
&
200,000 Feb.,03,3o^
700,000
May 1,1927
gold
S Int.at Am. Loan & Trust Co .Boston.Tiustee.
Boiids are subject to call as a whole at 105 aud interest on any interest date. A sii(kinu Jund of 1% annually of bonds outstanding
commences alter May 1, 1907, which may be used either for extensions
and improvements or in the purchase of bonds
Dividends.—The first dividend on preferred of 3 p. c. was paid Feb.
^OOaSfo?)*"""".*^.^°'.'(
1st Mortgage $1,256,000 > 1902
1,
5
g.
M-N
1903.
46
CONSOLIDATED TRACTION OF NEW JERSEY—
(1)
Organization —incorporated in March, 1893. System reaches from
Jersey City to Newark, Orange, Elizabeth, Bloomlield, etc.
On June 1, 1898, North Jersey Street Ry. assumed control under a
999-year lease. V. 66, p. 1141; validity of lease was attirmed In Feb.,
1902 (V. 74, p. 380), and again in Feb.. 1903. V. 76, p. 382.
Dividends under lease are
1899-1901,
2 per cent.
&
Stock
1905,
1903-1904,
1902,
3^2 per cent.
2^2 per cent.
3 per cent.
Bonds Jan., '02. i?ote. Interest. Outstandinq.
Thereafter,
4 per cent.
IHts., etc.
See text
paid in
$15,000,000
Underlying bonds-see below
7,158,000
1st morteaare, gold
)
1893 5 g J-D
15,000,000 June'l,"l933
$15,000,000 ($1,000).. 5 Interest at Manhattan Tr. Co., N. Y., trustee.
The gold bonds of 1893 are free from tax and secured not only by
mortgage, but also by deposit of $1,000,000 stock of J. C. <fe Bergen
RR., $161,625 stock of Newark Plank Road Co $6,000,000 stock
Newark Passenger Ry., and $99,100 stock of Jersey City Harrison &
Stock,
all
,
Kearney Railway Co.
Road.—Jan. 1, 1903, there were in operation 190 miles of track,
including
N. J. Traction Co
Stock owned. J. C. Har. & K. RR... Stock owned.
Newark Pass'ger Ry. Stock owned. Newark Plank Road. Stock owned.
Passaic &. Newark El.Stock owned.
J. 0. & Bergen RR... Stock owned.
Stock, debts and mileage of the leased and controlled lines
New Jersey Traction Co
Newark Passenger Ry
Miles.
Stock.
None
$500,000
83
6,000,000
Funded debt.
$5,850,000
Rapid Transit Street Ry
12
504,000
500,000
41 19
Jersey City & Bergen RR
258,000
1,000,000
*100.000
Jersey City Harrison & Kearney Ry. 10
Newark Plank Road
4*5
162,000
Passaic & Newark Elec. Trao
lOSfe
550,000
1,000,000
Port Richmond & Bergen Pt. Ferry
4,000 shares
* On this $18,000 has been paid in.
Earnings— Since lease earnings have been (included in returns of
North Jersey Street Railway.
JERSEY CITY & BERGEN RAILROAD—
Road— Owns from Jersey C!ity to Bergen Point, etc., total track,
(2)
41*9
Controlled by Consolidated Traction Co., all the stock being
deposited as part security for the Traction Co. 1st mortgage.
miles.
&
Maturity
$l,000,000f.p
Ist mortgage ($1,000).. 0*. 1873 4iflJ. -J.
Jan. 1,1943
258,000
Bojids.— The bonds (orlgii ally 7s) matured Jan. 1, 1903 but were
extended as 4iss for forty years from that date.
Stock
Stock
Bonds—
Date,
interest.
Outstand'g.
,
NEWARK PASSENGER RAILWAY—Electric.
(3)
Organization—Incorporated June
16, 1890.
On July
29, 1893,
leased to New J ersey Traction for 999 years, and so controlled by the
Earnings- Combined earnings of the old companies before cnntolida- Consolidated Traction Co. of New Jersey, the N. J. Traction Co. havUon for calendar year lt)01, gross, !)-169,bOif^- "et, atcer deducting ing been leased to the Consol. Traction Co. of N.J. Jan. 2, 1894, for
taxes. $69,30^.
999 years.
Road— Operates
15 miles of track.
Officers— President, A. Stuart Pratt; Trtanurer. H. B. Sawyer;
Secretary, Henry R. Hayes; Ass't Treas., A. A. Wright; General Managers and Transfer Agents, Stone & Webster, Boston —V. 74, p. 1038;
V. 75, p, 77; V.76. p. 212.
JAMESTOWN STREET
N. Y.
RAIL\VAY-Trolley.
ORQANlZATlON—IncorporatedOct. 18,1883.
&
Bonds—
Date,
interest.
Franchise runs till 1982.
Outstanding. Maturity.
Stock ($250,000) par $50
$100,000
6gJ-J
IstM. $300,000 gold, c*< 1883
300,000 Jan. 2,1923
$1,000
I Interest payable at Morton Trust Co., Trus.
BUls payable June 30. 1902
$250,527
207,775
Open accounts June 30, 1902
Earnings— For fiscal year ending June 30:
Oross.
Net.
Other Inc.
I71C. <C taxes.
lear.
Bal., sur.
1902. ...$114,598
$37,880
$1,519
$32,127
$7,272
42,276
1901.... 109,013
1.702
29,274
14,704
Road— Owns 20"78 miles of track, 48 cars, 2 sweepers.
Vice-President, Robert N.
Of^ficerS President, A. N. Broadhead
Marion; Secretary, W. S. Cameron; Treasurer, S. B. Broadhead.
Superintendent and Purchasing Agent, G. E. Maltby; aHof Jamestown.
;
JERSEY
CITY, N. J.
NORTH JERSEY STREET RAILV/AYIb controlled by the Shanley-Young syndicate, which also controls
the Jersey City Hoboken & Paterson Railway, the two toiietber owning
practically all the trolley roads in the northern part of New Jer.sey.
The Elizabeth Plainfleld <fe Cent. New Jersey is an allied corporation.
Organization—In January, 1898, the North Jersey Street Railway
absorbed the Newark <fe South Orange, 18 miles, and in May, 1898.
leased the lines of the Consolidated Traction Co. lor 999 years. V. 66.
In Feb.. 1902, decision affirming the validity of this
p. 664, 955, 1141
lease (V. 74, p. 380), was given, but case has been appealed. V. 74, p.
428. Lease again upheld Feb., 1903. V 76, p. 382.
Right to Tiix Framfiise— In Jan., 1902, the New Jersey Court of
Errors and Appeals decided that the local authorities could not tax
the company's rranchises, V. 74, p. 281.
Proposed Tunnel Ooniiection with Ncr Tork City—T\ie company has
contracted to use the proposed tunnel under the Hudson River which
New Jersey RR. has arranged to build and the terthe New York
minus of which will be at Christopher, 10th, Greenwich and Hudson
streets. V. 74, p. 380.
Bonds— Miles. Date. Interest. Outstanding. Last div., etc.
Stock
Stock, $15,000,000
$15,000,000
Ist M., $15,000,-)....
1898
4g. M-N
6,500,000 May 1, 1948
Manhattan Tru^t Co., N. Y., trustee.
000. g., $1,000 >
Jn<eres< at Fidelity Trust Co., Newark, N. J.
eaon
)
Road— Owns and operates about 240 miles of track. Has 800 cars.
Earnings—For calendar year company reports as follows
1901.
1900.
1899.
Receipts from passengers
$4,151,410 $3,959,854 $3,737,003
Receipts from other sources
21,236
32,207
20,502
&
&
Gross earnings
Operating expenses
Ne' earnings
Less interest and
all
$4,172,646
1,994,988
$3.992,0»".l
$3,7.57,505
1,942,790
1,780,047
$2,177,658
$2,049,271
$1,977,458
1,890,994
fixed charges. 2,063,889
Surp. carried to profit and loss. $113,769
$86,464
Officers.— President, Edward F. C. Young; Vice-President, David
Young; Secretary, Wilbur F. Johnson; Treasurer, E. N. HUl; Auditor.
E. D. Hibbs.-V. 73, p. 1313; V. 74, p. 268, 380, 428, 677, 681, 1140;
V. 75,
p.
394, 1087; V. 76, p. 382.
yearly.
Maturity.
$6,000,000 Own. by C.Tr.
'^§56 A-O
496,500 Apr. 1, 1905
Orange & Newark Ist M.
o
J
< Int. at Manhattan Tr. (Do., N. Y. City.
oO
Essex Pass. cons.
6
M-N
753,500 Nov. 1, 1905
NewarkPass.Ry. Istcon. ) 1,006 5 g. J- J
July 1, 1930
4,600,000
.0*
Trustee Solicitors Loan & Trust Co.. Phila
1890, $6,000,000 g..
S
The $6,000,000 stock is all deposited as.security for the Consolidated
Traction Co. first mortgage.
Interest on consol. 58 is payable at First National Bank, Jersey
on other bonds at Manhattan Trust Co. of New York. The
City
consols are guaranteed principal and interest by the Consolidated
Traction Co. of New Jersey, and in February, 1895, the guaranty was
stamped on the bonds. V. 59, p. 969.
Consol. Bonds— Ot the $6,000,000 consols, authorized $1,250,000 are
reserved to retire liens.
Road—January 1, 1903, aggregated 83 miles of track.
Earnings are included in reports of North Jersey Street RaUway and
are not reported separately— V. 59, p. 969; V. 70, p. 1049.
$100
Stock.
. .
JAMESTOWN,
Stock
Charter said to be perpetual.
Lea t and Rental—Rental under the lease, $105,000
Par. interest. Outstanding.
Stock & Bonds—
M
Text.
1
I
^^
;
(4)
RAPID TRANSIT STREET RAILWAY.
Organization— In February, 1892, leased to Newark Passenger Railway, and Included with it in lease to New Jersey Traction, and so forms
part of Consolidated Traction system.
Outstanding. Last div., etc.
$504,000
See text.
500,000 Apr. 1,1921
(1,000 5g A-O
1st M.$500,000,g..c'< Subject to call atllO&int. anytime after April
(
1, 1901. Interest at office of Fidelity Trust
Co., Trustee, Newark, N. J.
Dividends of 11% per cent yearly are guaranteed by the Newark
Passenger and New Jersey Ti-action companies upon the trustees' certificates issued for stock. Miles of track 12-07.
Stock, Bonds, Etc.—Pa*".
Stock, trustees' certs
(5)
PASSAIC &
interest.
11£^J-D30
NEWARK ELECTRIC TRACTION—A troUey road.
Organization- Incorporated April 30. 1895. and acquired all the
$1,000,000 stock of the Passaic
Newark Electric Ry. Consolidated
Traction Co. of New Jersey, which operates the road, owns aU the
stock and guarantees the bonds.
Date. Interest. Outstand'g. Maturity.
Stock & Bonds—
<fe
Stock., $1,000,000 (par $100)
$1,000,000
Ist M.,$l,000,000,guar. p&i. 5 1897 5
550,000 June 1, 1937
J-D
by Consol. Trao. of N. J. .. ( Int. at N. J. Title Gu. Tr., Jersey City.
Road— Owns 10-78 miles of track.
&
Earnings—Now included in North Jersey
^NEWARK
&
Street Railway.
HACKENSACK TRACTION
CO.—A trolley road.
Receiverxhtp. — In Jan.. 1902,
Chancellor Stevens appointed E. W.
Wafeelee of Bergen County receiver, upon petition of bondholders.
The July, 1902. and Jan., 1903. Interest is in default. The property Is
shortly to be sold at foreclosure.— V. 76. p. 159.
Organization—Incorporated Feb., 1899. as a reorganization per
plan in V. k7, p. 127 (see also V. 66. p. 1090). of the Uniou Traction
Co. foreclosed Jan.. '99. V. 68, p. 383. The main route is from Haokensack (where connection is had with New York via Bergen County
Traction Co.), "Hudson River Line," along the ridge between the
Hackensack and Passaic rivers, through the towns of Hasbrouok
Heights, Woodridge, Carlstadt, East Rutherford, Rutherford, Lyndhurst, Kingsland, to Arlington on the east side, about 15 miles of track;
at Arlington connection is hal with Newark via North Jersey Traction
Co. In June, 1900, the road was in operation to Woodridge and on
Sept. 1, 1901. cotnpleted through to the Essex Street Depot, Hackensack. V. 72, p. 821, 1080.
Date, interest. Outstanding. Maturity.
Stock
Bonds—
&
Stock, $700,000 ($50)
Ist mortgage, $500,000,
gold
c*
)
S
$700,000
See text
1951
at Guaranty Trust Co. ,N. Y., Trustee.
1901
Int.
5
g.
J-J
STKEET RAILWAYS.
4())
Bonrfs-Consist of $450,000 $1,000 bonds and $50,000 $100 bonds,
and were distributed by the reorganization committee on July 1,
1901. The bonds issued in exchange for csrttlcates of deposit under
the plan of reorganization, amounting to about $300,000, do not bear
Interest for 12 months from date oJ issue.
Earnings.— For calendar ye ir 1901, gross, $47,393; operating expenses, $36,668; surplus, $10,725.
Officers— Pre3., W. C. Giles, 41 Wall St., N. Y.; Vice-Pres., D. W.
Coon; Treas., John H. Coon; Sec. J. H. Coon Jr.— V. 68, p. 383; V. 72,
p. 821, 1080; V. 75, p. 1202; V. 76. p. 158.
South Troost Avenue line. In a newspaper interview In Dec, 1900,
former President Holmes stated that the cable lines represented an
investment of more than eleven million dollars, but that cable traction
would be entirely abandoned.
Annual Report.— Fiscal year ends May 31. Gross for 1^01-1902
(Including other income). $2,910,531; in 1900-1901, $2 666,595; in
1899-1900, $2,353,267. The company does not now make reports.
Officers— Chairman of Board, P. A. Valentine, Chicago President,
Bernard Corrigan; Vice-President, L. E. James; Sec and Treas., W. E.
Kirkpatrick; A.uditor and Assistant Secretary, J. A. Harder; V. 70. p.
176, 178; V. 71, p. 1220.1270. 1311; V. 73, p. 138, 1160, 1313; V 74,
;
p. 988; V. 75, p. 342, 540,
JOHNSTOV/N, PA.
JOHNSTOAVN PASSENGER RY.—AtroUeyroad.
In Sept., 1901. a syndicate headed by T. C. Du Font of Wilmington
purchased a majority of stock at $75 for each $50 share. V. 73, p. 662.
&
Stock
Bonds—
Date.
Outstanding. Maturity.
Interest.
Test.
$2,000,<'<
Stock, $2,000,000. par $50
1910
229.000
Ist mortgage, $250,000 > 1890 6 g. M-S
c* 5lnt- at Fidelity Trust Co., PhUa., Trustee.
($1,000) gold
1899
399,000 Dec. 1. 1929
g. J-D
nn^r t!^^'HpM?i^
can be cauea I> ^^ ^4Qudiv.
Trust Co.. N. Y., Trustee.
c*)
interest day
1,137,000 Dec. 1, 1931
New mortg'ge, $2,000,000 > 1901 4 g. J-D
0*5 Int. at Johnstown rust Co., Trustee.
($1,000) gold
^^''^Si
($l,000),
any
'
i
Bonds-Ot the new mtge.
1901, $628,000 Is reserved to retire
underlying liens and $235,000 to provide for the floating debt. Entire
issue may be called at any time at 105 upon 30 daj a.
Dividends— In 1892,6 per cent; in 1893, July 1, 6 p. c; In 1894, July
1. 6 p. c; in 1895, 12 p..c.; 1896, 6 p. c; 1897. 6 p. c; 1898, 6 p. 0.; In
1899, 8 p. c; in 1900 (on new stock) 4 p. c; in 1902, 2 p. c.
Earnings—Year ending Dec. 31.1902, gross, $304,959; net, $156,015; interest, $86,014; surplus, $70,001.
Road Owns and operates about 33 miles of track. An extension
from Johnstown to Windber 11 miles was completed on Jan. 1, 1902.
Officers— President. T. C. Du Pont, Wilmington. Del.; Vice-Pree.,
William K. Thomas, Johnstown; Sec, S. E. Young. Johnstown; Treas..
Herman Baumen, Johnstown.— V. 72. p. 936: V 73, p. 662, 1313.
of
—
KANSAS CITY, MO.
METROPOLITAN STREET RAILV/"AY-Cable
and trolley.
Organization— Incorporated July 19, 1886. In May, 1894, the
company secured control, by purchase all the capital stock, of the
Kansas City El. (20"58 miles) and assumed the debt of that company.
In like manner it controls Kansas City & Rosedale St. Ry. and South
Suburban St. Ry. In June, 1895. tbe charters of all the constituent
companies were extended to 1925. V. 60, p. 1105; V. 67, p. 634. The
Central Electric Railway (of 16 miles track), Kansas City, is also controlled, the entire catdtal stock ($2,500,000) being owned
On July 25, 1902, an ordinance passed the jty Council and later
(
was
signed by the Major and officials of the company, which provides that
8 p. c. of gross car and track earnings from Juue 1, 1902, sha 1 be set
aside by company, and after paying therefrom all taxes, itec, the
balance is to go to the ci«;y. The city in return grants the company
franchises on substantially all streets not now covered by the street
railway sy.stem and confirms it in possession of its old franchises.
The company is to grant universal transfers and to chacge remaining
cable lines to trolley. V. 75. p. 342. In Dec, 1902, 20-year franohises
were granted by Kansas City, Kansas. V. 75, p. 1399.
In 190 absorbed by purchase the entire capital stock of the East
Side Electric Ry., operating 485 miles of tracks, with bonds as below.
—V. 72, p. 775.
In October, 1 898, P. D Ai-mour and Norman B. Ream purchased a
controlling interest in the stock, and in June, 1899, elected their own
board of directors. In May. li)02. they also purchased the holdings of
W. H. and C. F. Holmes, and a consolidation with electric-light interests is looked for. V. 74, p. 988.
Date, interest. Outstanding. Maturity.
Bonds—
Stock
Q.— F. $5,636,800 Feb.,'03,lH%
Stock (see above)
656,000 July 1, 1916
Corrigan Con. St. Ry. Ist ? 1886 5 g J - J
M. ($1,000) dm. at 110. 5 Int. payable at Central Trust Co., N. Y.
General mort. ($1,000,000) J 1889 5gM-S
1,000,000 Sept. 1, 1909
gold
J Int. payable atNew England Co., Roston.
K. C. Cable 1st M., ext. in) 1887 5g. A-O $1,050,000 Apr. 1, 1911
gold, 1897, guar. p. & i., > Interest is payable in New York by Blair
1
.
&
ext. in
1901
Summit
j
&Co.audin Boston by New England Tr.Co.
Street M., old)
6s ext. in 1897 and ^1887 5 A-O
$300,000 Apr. 1,1911
again in 1901
)
Grand Avenue Ry. 1st) 1888 5g.J-J10 1,200,000 July 10, 1908
mortgage, gold
cs Trustee, Central Trust Co. N. Y.
Metroplitan St. Ry. con. C 1895 5g. M-N
4,294,000 May 1, 1910
mortgage,
$8,500,000, < Not subject to call before maturity.
gold
c* (Int. at Old Colony Trust, trustee, Boston.
Met.8t.Ry.10 year g. notes) 1901 5 g. J-J
2,800,000 Jan. 2, 1911
May be called any interest day.
($500,$1,000), conv.into >
stock after Jan. 1, 1903. ) Int. at Blair & Co., New York.
2,000,000 May 1,1914
Cent Flee Rv Ist mort f ^^^^ 5 g M-N
a* Colonial Trust Co., N. Y., trustee.
$2 500 000 f$l OOoTeold' I"*Bonds may be caUed at 105 on any in?•
m1«r
o"'"^
^ [tercstday on 30 days' notice.
Kansas City Elevated Ry.
,
^
/
Ist M. pref. ($600,000)
1892 6 g J - J
$600,000 July 1, 1922
g. ($1,000) guar, p «fei.c*
2d M. een'l ($2,000,000) > 1892
2.000,000 July 1,1922
Interest at Manhattan Trust Co., N. Y.
g. ($1,000) guar. p. &i.<
....
30,000
Park Connec. Ry , p. & gu. ... . 6
J^""^ O g. J-d
dlliyi,l»
:i,DU,VW
TTaat (SlrlBTTIpr. Rv 1st
000)" [I'^t- ^t Colonial Trust Co., N.Y., Trustee.
ll-iO 000 loid <$1
**^'" „'; fWm. Huttig of Kansas City is also Trustee,
^«?^',?aV ^
4gJ-J
.
i .
M
noiguar
o
J
Nos.f.,bntmaybecilledatparanyint.date.
Dividends—In 1895. 2
1898, 2i2
5 p. c.
p.
c;
p. c; in 1896, 2^2 p. c; in 1897, 2 p. c; in
in 1899, 4 p. c; in 1900, 5 p. o.: In 1901 , 5 p. c; in 1902,
Bonds— Ot the new consolidated mortgage for $8,500,000 enough are
reserved to retire when due the existing bonds of the Corrigan,
Metropolitan, Grand Avenue and Kansas City Cable issues described
in the table above, amounting now to $1,206,000. The Kansas City
Cable and Summit Street mtgs. fell due April i, 1901, but w<-re extended by endorsement for 10 years.
Kansas City Elevated Ry. 1st M. preference 6s are guaranteed
principal and Interest, by endorsement; so are the 2d M. general 48,
The guaranty on the latter was 3 per cent per annum until July, 1895.
and since then 4 per cent. For form of guaranty, see V. 73, p. 1160"
Road Total mileage, after counting double track as twice single, Is'
Roads owned.
Miles.
Miles.
Main line (ttoUey and cable) .. 139 Kan. C. Elevated Ry. (trolley) 20
Central Electric Ry
20
—
.
. .
Total (single)
179
Change of Motive Power.- In 1898 the Fifth Street cable line was
converted Into a troUoy road, and many of the other cable lines have
also since been converted into trolley, including In 1900 the West
port and the Eighteenth Street cable lines, and in Sept., 1902, the
1354, 1399.
KEOKUK,
KEOKUK ELECTRIC
lA.
POWER CO--A
RY- &
trolley load.
Organization —Incorporated as a consolidation of all the street
railway and electric liglit Interest.s in Keokuk. Also to operate telephone, electric light, power, gas and steam-heating plants.
interest.
Onlstand'g.
Date.
Maturity.
Stock
Bonds
Stock, $400,000
$400,000
25(>,000
July 1,1925
1st mtge. $250,000}
1900 5 g. J.-J.
Chicago, Trustee.
^ Int. at Royal Trust Co
($500) gold
Honds-Ot the $"50,0 '0 gold 5s, $1 25.000 are due July 1, 1925, the
remaining $125,000 mature in annual instalments varying from
$5,000 to $9,000 yearly on July 1 from 1905 to 1924. inclusive. They
are redeemable at option of the company at 105 and int. after 1905.
Road-— Owns and operates 8 miles of track and has contract with
city for supplying 146 arc street lights at $60 per light per annum for
5 years fro.u Mav 10, 1901.
Officers— President and Manager, A. D. Ayres; Vice-President,
John K. Craig; Treasurer, Ed. F. BrowneU; Secretary, Geo. E. C. Johnson; Supt., A S. Grenier.-V. 69. p. 1148: V. 71, p. 182.
—
&
,
,
KEYPORT.
N.
J.
JERSEY CENTRAL TRACTION
CO.-TroUey.
Organization— This was formerly known as the Keyport & Mattawan Street RR., a horse line, but has been operated as an electric railway since July, 1901, and name changed as above on Oct. 4. 1901.
This company also owns and operates the plant of the Middlesex
& Monmouth Electric Light, Heat & Power Co., which furnishes light
to Keyport, Mattawan and South Amboy.
Onlstand'g.
interest.
Date,
Maturity.
Stock & "^ONDSStock, $1,000.000
$500,000
Ist mtge., $750,000}
1901
Nov. 1, 1931
5 g. M-N
3 0,000
Colonial Trust Co., Phila., Trustee.
gold,..
i
Bonds-Ol the $750,000 authorized, $400,000 are reserved for future extensions.
Road— Owns and operates 11 miles of road from Keyport to Matawan and South Amboy; extensions of 17 miles are proposed between
Keyport and Red Bank.
Officers,— President, Thos. B. Hall, Camden; Secretary and Treas.
T. H. Paist, 653 Drexel BuUding, Philadelphia.
KEY WEST,
FLA.
KEY WEST ELECTRIC CO -A trolley road.
Organization— Does
electric- light
and power business
in addition
to street railway.
Stock
&
Bonds—
Date.
Interest.
Outstanding.
Maturity.
$300,000
Stock $300,000 ($ IOC)
Ist mortgage, $300 000,
'.^00,000
/
189^ 5 g. J-J.
Jan 1, 1929.
gold ($1,000)
c S Int. at Knickerbocker Tr. Co., N. Y., Trus.
No sinking fund and cannot be called
Road— Operate" 5*3 miles of track.
Officers— President, John P. L^iflin, New York; Vlce-Pres., Geo. W.
Allen; Sec. and Treas., Chas. A. Murphy, 15 Wall St., New York.
KINGSTON,
N. Y,
KINGSTON CONSOLIDATED RR.-A trolley road
Organization—This is a consolidation in July, 1901, of the Kingston
City Railroad and the Colonial City Traction.
Date, interest. Ouisiand'g
Maturity.
Bonds—
Stock
$200,000
Common, $i;00,000 ($100)
200,000
Pref. 4% cum., $200,000
1901
5g. J-J
534,000
Jan. 1, 1952
1st Con. M. $700,000 ?
..0' 5 Int. at Manhattan Tr. Co., N. Y., Trustee.
($1,000) g
Kingst'in Oily RR.—
1879 7 J15,000
June 12, 1909
1st M., $500 each
March 1, 1923
5M-S
135,000
Cons., $150,000, ($1,000)} 1893
Not sub.to call bef'e mat. ( Interest at Farmers' Loan & Trust Co., N. Y.
10,000
June 1, 1905
1900 5 J-D
Debentures
6quar.
On demand.
6,000
Bond and mortgage
Bonds— $166,000 of the new $700,000 con. mortgage is reserved to
retire the Kingston City RR. underlying liens.
Road— Embraces 12 miles of track. Rails 70 lb. and 80 lb.
Earnings— For year ending Deo. 31, 1902 Gross, $112,320; net,
$47,493; interest and taxes, $38,624; surplus, $8,869.
Officers— President, Charles M. Preston, 15 WaUSt., N. Y. City:
Vice-Pres'ts, C. G. R- I, Kingston, an<i A. M. Day, New Yorh; Secretary, Aug. J. Philips, Kingston; Treasurer, Abm. Hasbrouck, Kingston; General Manager, C. Gordon Reel, Kingston; Supt., G. B. te Bow,
Kingston.— V. 72. p. 184; V. 73, p. 1160.
&
:
KNOXVILLE, TENN.
TRACTION COMPANY-A
KNOXVILLE
light enterprise.
ley and
trolelectric
this
property
was
acquired
control
of
by the
On Nov. 15, 1901,
Railways <fe Light Co. of America (see V. 73, p. 185, 1011, 1113)
total
shares,
and
of
out
of
the
7,500
new
offipurchase
4,590
throut'h
cials elected as below.
Organization— consolidation Mar. 30, 1898, of Knoxville Street
RR., Union Ry., Citizens' Ry. and West End Street RR. All tlie
Power Co., a consolidation of all
securities of Knox. Elec Light
the light and power companies lu Knoxville, are owned by the Traction Company, and pledged as part security for the new bonds below
described. V. 66, p. 709.
A
&
Franchise is perpetual and gives " practically exclusive " right to
operate street railways in the city.
interest. Outsland'g.
Maturity.
P<^^Stock
Bonds—
100
$750,000 Jan '03,1%
Stock, $750,000
850,000 Aiir. 1,'38
Ist M.of '98, $850,000, gold, > $1,000 5g.A&0
j Int. at trustee. Bait. Tr. ik Gu. Co., Bait.
tax free
5
300,000
Debentures
Bonds will have sinking fund of $10,000 yearly after stock pays 5
per cent dividend, but will not be subject to call.
&
STREET KAILWAYS.
Road— Owns
about 30 miles of trolley road.
R. Lancaster Williams, Riclrmond, Va.; VioeBemiss; Gen. Mgr., C. H. Harvey; Secretary, Leon Sunder;
Officers— President,
Pres., E. L
Treas., W. 8.
dhields— V. 66,
709; V. 73, p. 1112.
p.
KOKOMO,
& LIOHT CO.-Trolley.
RAILWAY Kokomo
KOKOMO Successor
Ry. and the
City
the
Citi-
8t.
were purchased in 18J^9 at receiver's
above title. In March, 1902, franmaklBg 50 years from date, providing
chise was extt^nded 32 y«»Hr8,
4^2 miles additional track was built. Funds for the operation of the
road were furnished by the stockholder.^ by a loan secured by promisory notes.
Maturity.
Stock <fe Bonds— i>a'e. interest. Oats landing.
Feb.,'01,2p.o.
$80,000
Stock, $80,000 ($100)
1st Mtge., $100,0001
.fan. 1, 1919
80,000
1899
c*
5g. J-J
($1,000). g
No sink, fund and Interest at Union Tr. Co., Detroit, Trustee
I
J^
cannot be called.
Road— Operates about 10 miles of track in Kokomo.
Dividend— First dividend paid Feb., 1901, 2 p. c; none since.
I
Officers— President. Geo J. Marott; Vice-President. L. J. KlrkpatKokomo: secretary -Treasurer and Gen'l Mg'r, Thos. C. McRey-
rick,
nolds.-V. 68,
85, 130. 282.
p.
&
OrQANIZATION—Successor
Stock Etc —
Date,
interest.
51899
5M-N
,
.
\
Dividends— In 1893-94 paid
Road— Owns
(2)
LAN CAS TER & MT. JOY ELECTRIC RY.—To be a trolley road.
to build an electric road of 10 miles
from Lancaster through Landtsville, Salunga, Mt. Joy and Florin.
Rights of way are being .secured Capital was in Aug., 1901, increased
to $400,000. " R> ad is to be lea«ed for 999 years to the Conestoga
Traction at rental of 6 per cent. No funded debt. V. 73, p. 236.
EPHRATA & ADAMSTOWN RY.— To be a troUey road.
Organization —This company was incorporated wich $225,000
capital stock in 1902 to construct a road from Ephrata to Adamstown,
8 mileB, which will be leased on April 1, 1903. 10 the Conestoga Traction Co. for a rental of 6 per cent on the stock. In February, 1903,
was nearing comnletion. No funded debt.
(3)
LEAVENAVORTH, KAN.
KANSAS CITY-LEAVENWORTH RR.-Trolley.
Organization.— Chartered in Sept., 1901. in Kansas, to consolidate
the Kansas City & Leavenworth Traction, the Leavenworth Electric
RR.. the Kansas City Leavenworth Ry., the Leavenworth & Lansing
Railway and the Kensiugton Railway. In Aug., 1901, the Kansas CityLeavenworth Ry., under the laws of Missouri, organized a new company, known as the Inter-State «fe Leavenworth Ry., with $500,000
capital, to build a line througli Kansas City, Kan., and into Kansas
City, Mo.
j^^
5. o.;
9 miles of track.
Dale.
Outstand'g.
Interest.
Maturity.
Bonds—
Stock
$1,540,000
b'k $3,750.000,par $100.
19C2
5gM-S
1.400,000 Sept.l 1920
Kan. c ity-Leav. RR
c*
Int. at Cent'l Tr. Co., Cleveland, Trustee.
$2,000,000, g., ($1,000)..
Bonds $t00,0o0 bonds are reserved for extensions, Bonds cannot
be called before maturity. No sinking fund.
Road, Etc.— Owns and operates 39*3 miles of track, 0° which \4^9
miles run in and around the city of Leavenworth, and 25 miles between Kansas City and Leavenworth. Several large extensions are
also proposed.
Officers.— Pres., D. H. Kimberley.of Cleveland; Ist Vice-Pres., W. H.
Gabriel; 2d Vice-Pres., H. C. Ellison; Treas., CO. Evarts, of Cleveland;
Secretary, Herbert W. Wolcott, Leavenworth, Kan.— V. 70, p. 125; V.
73, p. 494; V. 74, p. 94.
.
Ry.ln 1894.
Last IHv.
$100,000 4%. '94-95
90,000 May 1, 1919
St.
Outstand'g.
^j^ j^oan & Tr. Co., Boston.
in 1894-95 paid 4 p. o.; none since.
In 1899 the road was extended to
^^^
and the entire system equipped with electricity. In
February, 1903, was proposing to change entire road to standard
Weirs, 4 miles,
gauge.
.
LEWISTON, ME.
Earnings- Por years ending Deo. 31
1901
1902.
$2,653
$5,267
$21,775
$22,624 Interest...
Gross
1,323 Bal. for year... def.1,266 def 3,944
1,387
Net
Pres.. H. L. Pierce; Treas., Edmund Little; Sec, Geo. P. Munsey.
LEWISTON BRUNSWICK & BATH ST. RY.
1901.
1902.
LA CROSSE,
^VIS.
-
A trolley roaa
Organization— Organized in 1897 and purchased the Brunswick &
Topsham Ry.,3^ mUes; also purchased the Brunswick RR.. andin
August, 1898, the Lewiston & Auburn RR., subject to $35,000 first
mortgage bonds Batli Street Ry., 4^2 miles, was leased for 999 years
from July
1.
1898, at 4 p.
on $100,000 stock, but in 1902 entire
c.
LACROSSE CITY RAILWAY-
stock
ORGANIZATION— Chartered Nov.
Date.
Stock & Bonds—
Stock, $638,300; par, $100
Istmort., $1,000,000, gold....
Underlying^ securities
Bath Street Ry—
Ist mort., $300,000, gold...
17, 1885.
Rate.
Franchise runs till 1938.
Outstand'g.
Last div., etc.
see below.
^$100*^^.^.'.T.\'^.^^i
iBt mort.V$175,0()6i)
1893
$200,000 f. p. {^^
l^^^'
6g. J - J
136,000
Jan. 1,1918
SubjeottocaU Jan. 1,1903.
gold, $1,000
s
Interest at Northern Trust Co., trustee, Chicago, 111.
Dividends— For 1892, 7 per cent; 1893, none; 1894,.7 per cent; 1898,
7 per cent; 1899, 7 per cent; 1900, 5 per cent; 1901, 6 per cent.
Road— Owns 12-19 mUes in city of Lacrosse.
Officers President, B. E. Edwards; Vice-President, W. W. CargilJ;
Secretary, H. E. West Treasurer, R. C. Whelpley.
—
;
LAFAYETTE,
IND.
LAFAYETTE STREET RY.-A trolley road.
&
ul»ia^iding.
Date, interest.
Maturity.
Bonds—
Stock
$242,400
Stock (common), par $50 ..
40,000
do (preferred)
6 J-D
225,000
June 1,1913
Ist mort. ($1,000 each) ) 1893
c* S Int. at Real Estate Trust Co.. Phila., Trustee.
$225,000
Owns 1414 miles standard gauge in Lafayette and West Lafayette.
Officers— President, Warren Q. Griffith, Philadelphia; Secretary
and Treasurer, J. T. Henderson, Lafayette.
was purchased.
Stock & Bonds—
LANCASTER, PA.
LANCASTER COUNTY
RY. & LIOHT-
1901 In New Jf'rsey. Has pur
chased the stocks of the Conestoga Traction (com. and pref.,) the Lan
caster Gas Light & Fuel Co., the Edison Electric Ilium. Co., and the
Columbia Electric T,ight & Power Co. of Columbia, Pa., which stocks
are placed under the new mortgage of 1901.
ORQanization— Incorporated
in
—
Date. Interest. Oictstand'g.
Maturity.
Bonds
Stock
Stock, com. ($50), $1,000,000
$1,000,000
1,000,000
Stock, pref. $50), 1,000,000
1901 5 g. J-J 1,000,000 July 1,1951
Mort., $1,000,000 g., $50i', >
0' s Interest at Lancaster Tr. Co., trustee.
$1,000
1
Securities of lines controlled.
1900 4
Conestoga Tract, 1st mort...
J-J 1.277,500 Jan.1,1950
Lanoa8terCityRR.,lstM.gc*5 1890 5g. A-O
160,000 Apr.1,1920
\ Trustee, Atlantic Trust Co., New York.
($100 and $500)
W. E. St. Ry. 1st M., $225,000 < 1891 5 M-N 225,000 Mayl,1921
$100, $500 and $1,000 ..0* ( Trustee, Atlantic Trust Co., New York.
Lancaster & Columbia stock
37,500 20% annually
1893 5 A-O
Istmortgage
225,000 Apr. 1, 1923
5
Edison Elect. Ilium. Co. mort
49,700 July 1, 1922
do
mort
Do
5
250,300 Jan. 1, 1925
6
72.000 Deo. 1, 1911
Lan. Gas Ught & Fuel, mort
Do
do
mort
5
228.000 Jan. 1, 1925
Road- On Feb. 1, 1903, owned and operated 36-48 miles of road,
leased 4828 miles, a total cf a4'76 miles, including the Lancaster City
Street Ry., 13-55 miles; Lancaster & Columbia, 916 miles; Lancaster
& Lititz, 10-10 miles: Columbia & Ironville, 3-59 miles; Columbia*
Donegal, 5-67 miles; Lancaster viechanicsburg & New Holland, 2062
miles; Lancaster «fe MUlersville Ry., 3 57 miles; Lancaster Willow
Street Lampeter & StrasburgRy.,1112 mUes, and the Lancaster <feManhe:m Ry., 8 miles. Both ihe latter two completed in 1902 and leased
for 999 > ears at a rental of 6 percent on stock.
Earnings— For year ending June 30, 1902, gross, $344,227; net,
$li 8,980. In 1901, gro8.>. $270,533; net, $93,988.
Officers— President, William B. Given, Columbia; Secretary and
Treasurer, Oscar M. Hoff'man, Columbia; Gen. supt., Frank S. Given.
Index—
v. 70. p.
17.=^;
v. 72, p. 241, 581; V. 73, p. 236.
(1) LANCASTER MECHANICSBURQ & NEW HOLLAND RY.—
troUey road.
Organization— Incorporated May 16, 1899. Extends from Lancaster
to New Holland,
2062 miles; com pitted in Jan., 1901.
Is leased to Cones-
D
te.
1898
—
interest. Outstand'g.
Maturity.
$627,100
845,000 Mar.1,1918
5g.M-S
$70,000 July 1 1913
5 1893 5g. J-J
o* SubjeottocaU after July 1,1898.
$1,000
85,000 June 1, 1911
Lewiston &AuburnRR. 1st M. 1891 5 J-D
Ofthe $1,000,000 new 5 per cent bonds of 1898 $155,000 are held
In trust to retire the underlying bonds.
Road— Comprises 6220 miles, connecting Bath with Brunswick,
Lewiston, Auburn, Turner, Sabattus, &c.
Earnings—Year ending June 30, 1902: Gross, $215,153; net.
$62,273; fixed charges, $53,911; surplus, $8,362.
Officers— President, H. M. Heath. Augusta, Me.; Vice-Pres., T. L.
Peters, New York City; Treas., M. H. Blackwell, Brunswick, Me.;
Gen Mgr., F. C. Farr, Brunswick. General Office, Brunswick, Me.
V. 66, p. 1001
V. 67. p. 481, 634.
,
(
;
6FA
&
Capital stock,
&
LACONIA, N. H.
LACONIA STREET RAILWAYto the Laconia
Lakeport
Stock, $100,000 (par $50)
r>
A authorized,
^ *-h,.^.^A $91,000..
SQi nnn
Bonds
toga Traction Co. for a rental of 8 per cent on stock.
$300,000. Stock Is not owned by lessee No bonds.
Organization-— Incorporated
IND.
to
Organization—
zens' Light <te Power Co., which
sale and consolidated under the
47
LEXINGTON, KY.
LEXINGTON RAILV/AY.-A troUey road.
Organization- Organized Feb. 11, 1899, as a consolidation of the
Belt Electric Line, the Passenger & Belt Ry. (formerly leased), the Hercules Ice Co. and the Lexington Ice Manuf.
Storage Co. Charter
perpetual. New management assumed charge on May 13, 1899.
Embraces all the street railways of Lexington, together with Ice
factories; also operates all the city electric light and power business.
Combination arranged by a syndicate represented by John L. WlUiams
& Sons, of Richmond, and Middendorf. Oliver & Co., of Baltimore, who
also control the Lexington Gas Co. See V, 74, p. 1198.
Bonds— Under the terms of the new mortgage a sinking
Stock
fund is provioed which retires the whole issue of bonds at maturity.
Miles. Date. Interest. Outstand'g.
Maturity.
Stk, $800,000 ($100)
$800,000 Jan.'03,lis%
&
&
Pas'ger&Belt.lstM.
$200,000, ($1,000)
New
)
5
M., $1,.'>00,000,
>
g. ($1,000) $1,000 c*
5
13
Int. at
..
1891 6 g. A-O
138,000 Apr. 1, 1916
Amer. Tr. & Sav'gs Bk., Chicago, trustee.
1899 5 g. J-D $762,000 June 1, 1949
Continental Trust Co., Baltimore, trustee.
Road Operates 15 miles of track on 10 miles of street. Track
standard gauge, 50-60-lb. T rails; owns 44 cars.
Report— For fiscal year ending April 30,1902: Gross, .$252,771;
Met, $96,113; interest and taxes, $50,415; surplus, $45,698.
Officers— President, R. Lancaster Williams; Vice-Presideirt, George
W. Damall; Treasurer, R. P. StoU; sec, T. D. Murray; Gen. Mgr.,
R. E. Hunt— V. 68, p. 380, 977, 1077; V. 69. p. 229, 283, 743; V. 74,
—
p.
119b.
GEORGETOWN & LEXINGTON TRACTION
—Trolley.
Organization— Incorporated in Kentucky.in 1901.
Outstand'g.
interest.
Date.
Stock & Bonds
Maturity.
$250,000
1901 5gM.&N.15 200,000 Nov. 15,1921
Ist
Mtge., *250,000
Trust Co., Trustee, and at
gold ($l,000)....c&r( Int. at Cincinnati
New YorkCity. Nos.f. ai d notsubjecttocall.
Road -Operates 12 miles of track between Georgetown and Lexing-ton. Standard gaage, 60-lb. r rail.
EaRNINQS-6 mos. to Nov. 30. 1902, gross, $19,850 net, $10,302.
Officers— President and Mer., Y. Alexander; Vice-Pres., Wm.
Addonis Sec and Treas., A. S. Rice; Supt., R. Pryor V. 73, p. 1010
V. 74, p 1089.
Stock, $250,000 ($100)
-
.
(
;
;
;
;
LIMA, OHIO.
RAILWAY & LIGHT-A
LIMA
ELECTRIC
troUey road.
Organization— The company Is a consolidation completed Aug. 1,
Lima Ry. (incorporated Nov. 5, 1896,) and the Lima
1900, of the
STREET RAILWAYS.
48
Electric Light & Power Co., the only companies engaged in these lines
In Lima. RaUway franchises run imtU 1917 to 1922. Lightiog franchises perpetual. Of the stock, $350,000 is in the company's treasury.
Maturity.
Date, interest. Outstand'g.
Stock &. Bonds—
$500,000 ^.. .... ......
Stock, $850,000 (par $100)
195.000 Deo. 1, 1916
r\
^U mort., $200,«ono C> 1896 5g. J-D
Ltoa
Ry. 1st
j^^ ^^ pj^g, g^v. & Bkg. Co., Cleveland,
a*
gold,
($500)
000,
trustee; also at Fourth Nat. Bk., N. Y.
J
Lima
^Zt
Elect. Lt.
& Pow.
I
g.
1900 5
)
g.
J-D
June
75,000
1,
1917
1st M.. $85,000 ($1.000)c' \ Int. at Cleve. Trust Co.. Cleve., Trustee.
230,000 July 1, 1916
^,
Z .^ T^ ?_old«
,.,
.C 1900 5g. J-J
&!;*•.
Int. at Cleve. Tr. Co., Cleve.. Trustee, or
l8tcou.M.$o00,000($500) \^ standard Trust Co. New York.
2nd Consol. Mtge., $$850,- J 1902 5 g. A-0 350.000 April 1, 1925
Int.at Fidelity Trust Co., Buffalo, Trus.
I
OOO.g. ($1.000)c*
Bonds— Ot the first oon. mortgage gold 5s $270,000 are reserved to
retire the two above prior liens. The Lima Ry. bonds may be called
1907 ao par. on 4 weeks notice, and the Lima Elect. Lt. & Power bonds
Of the $850,000
may be called on any interest day on 30 days notice.
2d consols. $500,000 are reserved to retire alike amountof first consols.
These bonds are a lien on the electric light and heating plant, as well
as on the railway. Cannot be called before maturity.
p{Q^Q_Own8 and operates 12 miles of track. In November. 1902,
completed a steam heating plant (franchise perpetual), to be operated
in connection with the electric-lighting plant.
Officers— President and General Manager. Jos. B. Mayer; VicePresident. H. H. Littell; Secretary and Treasurer, H. St. C. Denny, all
of Buffalo, N. Y.-V. 62. p. 502; V. 71, p. 29, 342; V. 74. p. 829. 1089.
,
L. Elect.
^-
m
"WESTERN OHIO RY.—
C-See
Map on page
27.)- A. trol-
LONACONING, MD.
CUMBERLAND & WESTERNPORT ELECTRIC RY-- A
trolley road.
Orqanizai ion— Organized in Maryland on April 11, 1902, by special
Act of the Legislature, as successor to the Prostburg Eckhart & Cumberland Ry. Has absorbed the Lonaconing Midland & Frostburg Ry.
&
Outdtanding Maturity.
$373,600
400.000
June, 1926
^g.
^mtg^e''llOOO^(5M^o\d'll901
iDt- at Jf'eal Estate Tr. Co PhUa, Trustee.
^ o*
If 500 & $1 000)
J
Bon s.— No sinking fund, but bo nds can be called after June 15,
Stock
Bonds—
1910. at 105.
'-'OAD— Operates I719 miles ot track between Narrows Park and
Lonaconing. 61'. 75 & 92 lb. T and girder rail; standard gauge. Entire
road was put in operation on Dec. 6, 1902.
Officers— President. R. H. Koch, Pottsville, Pa.; Secretary, L. P.
Bane; Treasurer, Walter H. JSryant; Supt., I. D. B. Spatz.
LONDON, CANADA.
LONDON STREET RAILWAY CO--A
trolley
road.
&
Stock
Bonds—
Date,
Stock. $750,000 (.•J<40)
Ist Mtge., $750,000 gold
000)
&
interest
,
ley system.
Organization— Incorporated in Ohio on Oct. 11, 1900. This is one
of the Pomeroy-Mandelbaum roads and is to form a link in the through
car service from Toledo to Cincinnati.
Bonds Pooted^On account ot low quotations, bonds have been deposited with a committee consisting of E. C. Tillotson. J. R. Nutt, M.
J. Mandelbaum. F. T. Pomeroy and J. F. Harper, with power to sell
at or above 921^ until Jan.. 1904. V. 76. p. 160. One-half of the
bonds had been pooled up to Feb. 1, 1903.
Maturity.
interest. Outstanding.
Date.
Bonds—
Stock
$2,021,000
Stock, $3^00,000($100)
Nov. 1, 1921
2,021,000
*o nno nnn C 1901 5 g. M-N
i.J,:^
1st Mtge., *3,000,000>jjj^^j.ggt
^^ Savings & Trust Co., Cleveland,
c ^
gold ($1,000)
Trustee, or First National Bank, New York.
Bonds— No sinking fund, and bonds are not subject to call.
Earnings—For 6 mos. ending Nov. 30. 1902 Gross, $74,472 ; net,
$32,071.
Road—Is to operate 111 i« miles of track as follows: Lima to Findlay, 32-4 miles; Lima to Wapakoneta, 15 miles; Wapakoneta to Piqua
32-S miles; Wapakoneta to St. Mary's. 10-4 miles; St. Mary's to
Celina. 10 miles; St. Mary's to Minster, 10 9 miles; total, 111-5 miles,
of which 47 miles had been completed to Feb., 1903, namely, from
Lima south through Wapakoneta and St. Mary's to Celina and Minster.
Line from Lima north to Findlay, 33 miles, is expected to be in operation by May 1, 1903.
Officers—President, A. E. Akins; Ist Vice-Pres., L. J. Wolf; 2d'
Vice-Pres, J. B. Nutt; Secy, and Asst. Treas.. H. C. Lang; Treas., M. J
Mandelbaum; Gen. Mgr., F. D. Carpenter.—V. 73, p. 237, 1209; V. 74,
p. 632, 831; V. 75, p. 79; V. 76, p. 160.
Date
Stock. $1,000,000, $50
-
(.$1,-S
interest. Outstand'g
5
..
g.
M-3
$443,880
4 50,000
Maturity
See text.
1925
C (Toronto General Trusts Co., Trustee.
J5'wds— Interest is payable at the Bank of Commerce. Toronto. In
each of the lO years preceding maturity, 5% of bonds shall be drawn
by lot and redeemed upon 40 days' notice.
Dividtnds-B per cent per annum are paid.
Earnings— Por years ending Dec. 31
Orons
Set.
Charges.
Surpius
$154,704
$61,455
1902
$25,983
$35,472
:-f3,454
1901
141,846
57.289
23,835
Road— Operates 30 miles of track. Standard gauge. 56, 73 and
75 lb. T and girder rail.
Officers— President, H. A. Everett, Cleveland, Ohio; Vice-Pree.,
T. H. Smallman; Sec, I'reas. and Mgr., C. E. A. Carr; Supt., Jno.
Break.
:
LINCOLN, NEB.road.
A troUey
LINCOLN TRACTION—
January, 1898, to Lincoln
Stock
A.
stock,
Bonds—
Date.
Interest.
Outstand'g.
Maturity.
$365,000
700.000 Jan. r^ ,'03, 2i«
5p.o.
Jan. 1, 19i0
100.000
5g. J-J
l8tmort.gold,$l,000;) 1899
$250,000 auth....c* 5 Int. at N. Y. Security & Trust Co., Trustee.
Dividends— On nreferred stock commenced on July 15, 1901, when
2ifl p. c. -was paid." In 1902, Jan. 15, 213 p. o. and 5 p. 0. in stock; July
15, 212 p. o. In 1903, Jan. 15, 212 p. c.
1901.
1900.
1902.
Earnings- Calendar year:
$163,634
$213,926
$188,255
Gross eariSngs
14t5,000
127,388
Int., operating exp. and reconstruo
par $100
Preferred cumulative
$42,255
Surplus
$36,246
Road— Owns about 40 miles of track.
Officers— President, M. L. Scudder; Vice-President, Wm. Belcher;
Sec'y and Treas'r, F. H. Carter. 32 Liberty St., N. Y.-V.66, p. 82, 134,
336; V. 72,
p.
1136; V. 75, p. 394.
LITTLE ROCK, ARK.
ELECTRICLITTLE ROCK TRACTION & street
rail
in city.
ORQANIZATION—Incorporated 1895; controls aU
Sept. 28, 1901, was granted a new 50-year
ways
which pro
vldes for 9 miles of extensions within 2 years and the equipment of
the system with new oars. V. 73, p. 784.
On
Stock
&
Bonds—
Date,
franchise,
interest. Outstand'g.
Maturity.
Stock, $500,000: par $100
l8t mort.bonds,.$450,000,g.
(see text), $1,000 each.c*
$500,000
410,000 June 1, 1915
( 1895
6 g. J-D
( Int. at St. Louis-Union Trust Co., trustee.
200.000 June 1, 1915
2dM.,$200,000,g.($l,000) < 1895 6 g. J-D
red. after 5 vears at 104 \ Old Colony Trust. Boston, trustee.
Bonds— Firsts. Nos. 1 to 300, redeemable after 10 years from their
date at par, but redeemable before 10 years at 102; balance are 20year straight.
Road— Operates 23 miles of track.
Officers— President. W. E. Hemingway; General Manager, J. A.
Trawlck; Vice-President, Oscar Davis; Secretary, G. B. Rose; Treasurer. Charles F. Penzel, aU of Little Rock. Ark.— V. 73, p. 784, 1089.
PA.
LOCK HAVEN,
TRACTION-A
SUSQUEHANNA
troUey road.
Organization-This company was organized in 1900 as successor
to the Lock Haven Traction, sold at foreclosure in March, 1899.
Interest.
Outstanding.
Maturity.
Stock & Bonds — Date.
$200,000'
Stock, $20.;.000($.'i0)
100.000
May 1, 1930
6 g. M-N
Istmtge., $100,000.. 51900
c*X Int at Provident Life <feTr. Co., Phila.. trust.
gold, $500
Earnings- For fiscal year ending June 30, 1^02; gross. .$21,824;
net, $3,781; Interest, taxes, etc., $4,320; deficit, $539.
Road— Owns and operates 5^2 miles of track.
Officers— Pres. and Treas., Jacob Scott; Manager,
both of ijock Haven.— V. 70, p. 633, 947.
LOCKPORT,
Frank Andes,
N. Y.
INTERNATIONAL TRACTION
ment and Map under Buffalo.
N.
J.
COAST
ELECTRIC RR.-Trolley.
ATLANTIC
1901, company defaulted on the interest
Receivership. -On Nov.
1,
on the $800,000 outstanding first mortgage bonds and also in the
rental payment under the :iea8hore Electric Ry. lease. Jan. 1, 1902.
defaulted on gen. mtge. Interest. Bondholders' protective committees
have been formed for both the first mtse. bonds and the gen. mtge.
made (V. 73, p. 1263) with the
Trust. Co. of North America. Phila., and of the gen. mtge. bonds
(V. 73, p. 1312) with the Investment Co. of Philadelphia. Feb. 1, i902,
exU. S Senator James Smith Jr., of Newark, was appointed receiver
pending foreclosure. In November, 1902, foreclosure proceedings
were under way, but notlilng done in the way of reorganization up to
bonds, deposits of the former being
February, 1903.,
Street Ry.
ORQANIZATION-Successorin
foreclosed Dec. 17, 1897, and reorganized per plan in V. 65, p. 277.
Com
LONG BRANCH,
CO.-See
State-
Organization-Incorporated In May, 1895. Leases the Seashore
Asbury Park until June 6, 1937, at $10,000 per year and
owns $150,000 of the $200,000 total capital stock of latter company
(making net rental $2,500) and owns all of the stock of the West End
&Long Branch Ry, and of the Asbury Park & Sea Girt RR.; the former
Electric Ry. of
leased from Aug. 3, 1896, until July 17, 1945, at a nominal rental,
and the latter for 99 years at 6 per cent on stock from Aug. 27, lh98.
Also owns entire stock ($100,000) of the Atlantic Coast Electric Light
Co., which supplies the electric lights of Asbury Park, Allenhurst,
Belmar, Ocean Beach, Como and Spring Lake.
is
Stock & Bonds—
Date.
Stock, $1,500,000($100)
1st mort., gold, $1,000,- >
000
)
Outstand'g.
Interest.
1895
5
Int. at
1^.
M-N
$1,500,000
800,000
Kmckerbocker
Maturity.
May
1,
1945
Tr. Co., N. Y., trustee.
500,000
1896
1946
5 J-J
mtgrest at Guaranty Triist Co., N. T.
200,000
Seashore El. By. stock
1917
200,000
6 g. J-J
^ l^^^
Seashore Electric Rv
^'
Interest
Federal
Trust
at
Co., Newark, N. J.
1 «T^Sr
<
<B9nn nnn
I8t M., $200,000
Subject
to
caU
at
105
in
1897.
^
Asbury Pk. & S. G. stock— All owned by Atlantic Coast Electric BR.
1st
mort.
5 g. M-8
P.
&
S.
G.
50,000
As.
1918
} 1898
*50,000, gold, can be > Interest at Monmouth Trust & Safe Deposit
c >
Co., Asbury Park, Trustee.
canceled at 105
241,000
June 1. 1946
5 J-D
^SSf^O^oSof^Su^bfe^tto^J'fil^
^^*- ^* Federal Trust Co., Newark.N.J.
)
fgoi . .?
at 05
319,000
"Other debt8"7Dec.' 31, 1901) :
Bonds-Of tne $1,000,000 firsts $200,000 are reserved to retire m
like amount of Seashore Ry. 6s, subject to call at 105 in in 1897.
Road— Belt Line in Asbury Park and extends from Asbury Park
through Long Branch to Pleasure Bay, about 24 miles, of which 10-12
miles is over private right of way. V. 66, p. 616. Connects at Long
Branch with Iron Steamboat Co. for New York, and at Pleasure Bay
with the New York & Long Branch Steamboat Co.
r^^„
mort., oitiononn
Gen. ^^r.t$500,000..
m
1
.
5
[
-
^
Earnings—Year end'g
RaUroad
Lighting
Pleasure
Sept.
30.—
Oross.
1901.
1900.
$208,895
$226,695
63,955
$212,111
63,059
55.358
$208,895
93,743
$290,650
144,085
$330,528
191,610
Bay
Total
Operating expenses
.
1902.
Net
$115,152
$146,565
$138,918
Officers- President, William E. Benjamin, N. Y.: Treasurer, A. C.
Twining, Asbury Park, N. J.; Supt., H. P. Hazelrigg.- V. 65, p. 867;
V. 73, p. 1060, 1263, 1312; V. 74, p. 150, 325.
MONMOUTH COUNTY ELECTRIC COOrganization.— Incorporated April, 1, 1901, as a reorganization
the Atlantic Highlands Red Bank <fe Long Branch Elective Ry.
of
&
Date, interest. Outstand'g. Maturity.
Bonds—
Stock
Stock, $500,000 (^.-JO)
$400,000
4 g. J-J
1st mort., $500,000 ($100) 1901
400,000 Apr. 1,1951
and $1,000) gold
o* 5 Int. at Hamilton Tr. Co., B'klyn, trustee.
Road Red Bank to Long Branch, O^a miles, and 2d track, 2>a mUes,
n Long Branch, 3 miles; iu Red Bank, 1^ miles; total, 1314 miles.
EARNINGS-For calendar year 1901: Gross, $36,333: net, $10,644.
—
Officers— Pres't, William F. Hogan, Brooklyn; Sec. and Tr^as.,
Llndley M. Garrison, Jersey City; Supt., William J. Ginnavan. General
offices. Red Bank.— V. 66, p. 1043; V. 67, p. 1054; V. 72, p. 86, 391.
RAILWAYS.
STKEET
LONG ISLAND
CITY, N. Y.
LONO ISLAND EL.ECTRIC RY.-
Trolley.
Organization— Chartered on March 5, 18'^4. In 1899 was consolidated with the New York <fe North Shore Railway, but In 1901 this
oonaolidation was dissolved.
In October, 1899, the AppeUate Division of the Supreme Court
upheld the right of the Long Island Electric under the Weneral Kailroad law to run cars carrying express matter. V. 69, p. 74i. Decision
was affirmed by Court of Appeals in June, 1900. V. 70, p. 1249.
Stock
&
Bonds—
Date.
Maturity
Outstand'g.
interest.
$600,000
Stock, $1,500,000 ($100)
600.000 June 1.1 925
5 g. J-D
L. I. El. 1st M., $600,000) 1895
c* J Int. at Hamilton Trust, Brooklyn. Trustee.
($1,000)
Earnings.— For year ending June 30, 1902, gross, $125,076; net,
$38,177; charges, $39,373; deficit, $1,196.
Road.— Comprises about 27 miles of road completed and in operation from Crescent Avenue, Brooklyn (at the te'-ninus of the Kings
County Elevated), to Jamaica, Hollis, Queens and Far Rockaway.
Officers.— President, Clias. A. Porter, Girar*!. Bldg., Philadelphia
Vice-President and Gen. Mgr., Wm. F. Hogan, Jamaica, L. I.; Secretary
and Treasurer, Chas. 8. Davis. General Office, Washington and South
Sts , Jamaica (L. I.), N. Y.— V. 74, p. 988, 1139.
NE^W YORK & QUEENS COUNTY RY -
Organization — incorporated June 29, 1896, and purchased the various lines of railroad in Long Island City known as the Steinway
olle.ge Point
Ry., the \j. I. City & Newtown Ry. and the Flushing Jk
Ry. In Mar, 1902, the Queens Ry. was consolidated with it, and
thereupon increased its stock from $2,500,000 to $5,000,000. The
Queens Ry. succeeded to the property sold at foreclosure of the New
i?ork & North Shore Ry.. comprising a line of six miles from Flushing
to Jamaica, with franchises for lines between Flushing and College
Point, Flushing and Bayside and Manhasset. V. 74, p. 1197.
<.
Stock
&
Bonds—
Date.
Otitstand'g.
Maturity.
$3,150,000
1925
50,000
5 J&D
150.000 Deo. 1, 1924
5 J&D
1,500,000 July 1,1922
6g. J-J
Morion Trust Co., trustee. N. Y. City.
1,300,000 Oct. 1, 1946
4g. A-O
interest.
Stock, $5,000,000 ($100)
Flush. & Coll. Pt. 1st M...
Newtown Ry. 1st
StetnwayRy. 1st M.,gold,)
$1,500,000 ($1,000). c* 3
Int. at
N '^<^
Y AOueensOo IstM
^^96
Guarantee Tr.
1895
1894
1892
M
>
}
& S.
D. Co Phila., Trustee.
company, Philadelphia.
Under the New York & Queens County mortgage there were originally $2,500,000 bonds outstanding, but the company having defaulted
in the payment of interest, a reorganization was made, under which the
holders surrendered $1,200,000; interest was reduced to 4 per cent,
and the Guarantee Tr. & Safe Dep. Co., Phila., was made the new trustee. -V. 69, p. 906.
Road —The sy stem, with the newly acquired Queens Ry., embraces
$^n^^ eacn
ao^i,
gold, *i,ouu
'
^ j^^^
,
^^ ^^^^^ ^j
74*47 miles of trolley track, including 'uaiu line. 40"24 miles: second
track, 28'96; sidings, 527. Rails 77 to 93 lbs. standard gauge; 253
closed and open cars, 15 other oars and 6 freight cars, <feo. a
Report for fiscal year ending June 30, not including Queens Ry
Chross.
0th. inc.
Int. <£ tax^s. HurpLiix
Net.
$=.5,066
1901-2
$231,381
$181,762
$543,017
$5,447
:
55,223
173,740
223,680
5,283
212,339
142,729
75,213
5,603
Officers President, W. H. Shelmerdine, 421 Chestnut St., Phila
delphla; Vice-Prest. & Gen. Mgr., J. R. Beetem; Secy, aud Treas.,1. M.
Tritt, 7 «& 9 Borden Avenue, Long Island City.— V. 75, p. 392.
489,017
462,844
1900-1
1899-0
—
LORAIN,
RAIL^WAY-A troUey road.
LORAIN STREET
controls road. Rebuilt in 1900 out of proceeds of
Par.
Date.
Outstand'g.
Interest.
Maturity.
$100
$750,000
200,000 Jan. 1,1915
1,000 1894
6 J-J
Interest Guardian Tr. Co., Cleveland, Trustee.
Cons. M., $750,000, 1,000 1899 5g M-N
350,000 Nov. 1,1949
gold $1,000
c* 5
Int. at Guaranty Trust Co., N. Y., trustee.
Bonds— Ot the con. mortgage for .$750,000, $200,000 is held to take
op first 6s and $200,000 for improvements and extensions
RoADT-Owns road 9-6 miles in length, extending through the city
of Lorain to Elyria; sidings, two miles; total track, 11-6 miles. Of
the track 7*8 mUes is on private right of way (land owned in fee simple); rails, 70- lb. T and 85-lb. girder.
Earnings— For the past 5 years have been
Stock $760,000....
IstM., $200,000...
.
?
:
1899.
1900.
OroSB
Net (after taxes;
1897.
1898.
1896.
$54,621
51,!533
12,694
Officers—President, Pierre S. DuPont; Sec. and Treas., Wm. A.
Donaldson.—V.
$92,482
38,253
$98,429
These bonds may be called after 10 years on any interest date upon 4
weebs' notice at 104 and interest.
Road— When extensions are completed will comprise about 442
miles of track. In Nov., 1902, 13a"7t miles were completed, including a line of 21 miles from Los Angeles to Long Beach.
Offcers- President, H. E. Huntington; Vict^-Pr evident and General
Manager. Epes Randolph: Secretary, Edward E. Bacon; Treasurer, I.
W. Hellman.-V. 74, p. 427,1528, 884; V. 75, p. 442, 1203, 130^.
LOS ANOELES RAILWAY-
rhis road is controlled by interests identified with the new Pacific
Electric Ry., which see above.
Organization- Successor by consolidation Sept. 29, 1898, of Los
Angeles Ry. and Main St. & Agricultural Park RK. and by purchase of
the Mateo Street RR. and San Pedro Street RR. V. 68, p. 85. Owns
Power Co.
$5,050,000 of the $10,000,000 stock of the Pacific Light
of Los Angeles— see V. 75, p. 457.
In 1899 acquired control of the Los Angeles & Pasadena Electric
Ry., receiving the stock of the road in consideration of the guaranty
of the bonds. In June, 1900, Pasadena & Mt. Lowe was acquired. Both
roads have now been sold to the Pacific Electric Ry.
Date, interest. Outstand'g. Maturity.
Bonds—
Stock
$5,000,000
Stock, $5,000,000 (par, $100)
New mort., $5,000,000 gold<189'< 5g. A-O 4,520,000 Oct. 1, 1938
c* (Int'st at Co's Office, San Francisco, Cal.
$1,000 each
The Trustee of the new mortgage of 1898 is the Union Trust Co.
On 30 da,ys' notice interest may be made
of San Francisco, Cal.
payable at the National City Bank, New York.
Latest Earnings-January l to Oct. 31:
Gross, $1,187,293; net, $530,659
1902
Gross,
892,627; net, 353,607
1901
Earnings—Year 1901, gross, $1,096,089; net, $445,856; fixed
charges, $242,544; surplus, $203,312.
Road— Comprises 96-92 miles of road.
Officers—President, H. E. Huntington; Vice-President, Ch. de
Guigne; 2d Vice-Prest., C. W. Smith; Treasurer, I. W. Hellman: SecreGen. Manager, J. A. Muir, Los
tary, E. B. Holladay, San Francisco
&
&
;
Angeles.
lNDEX-V.68,p.85,673;V.70,p.ll49,1150; V.73,p. 1208; V.75,p.442.
) PACIFIC LIGHT & POWER CO.— An electric company.
California on March 6, 1902, and
Organization.- Incorporated
absorbed the San Gabriel Electric Co. $5,050,000 of the $10,000,000
(V. 75, p. 1150,) capital stock is owned by the Los Angeles RR. Co.
Supplies power to Pacific Electric By.
Outstanding Maturity.
interest.
Date
Stock & Bonds—
$10,000,000
Stock, $10,000,000 ($100)
2,011,000 Jan. 1, 1943
5 g. J-J
Is mort., $10.000,000, ) 1902
gold ($1,000)
..c&r 5 Int. at Union Trust Co., San Fran., Trustee.
Bonrts.— $500,000 are reserved to retire a like amount of bonds of
the San Gabriel Electric Co. Bonds cannot be culled A sinking fund
commences on Jan. 1,1905, of 29b of bonds outstanding tor first 5 years
and on and after Jan 1910, 213% until and intlumng Jan 1,1942;
said fund to be invested in the bonds at not less than 110, otherwise
(
I
m
-
,
in other securities.
Plant.— Generates electricity for light and power. Water power,also
steam plant, in Los Angeles. Under construction 10,000 h. p. plant
on Kern River, 105 miles from Los Angeles. Two separate transmission lines running the entire distance to be used.- V. 74, p. 580; V.
75, p. 457, 1150.
LOS ANGELES PACIFIC RR.-An
O.
Tom L. Johnson
new bond issue.
Stock & Bonds—
$64,455
33,579
$48,553
22,840
69, p. 1346.
electric
and
steam road.
Organization- Organized
Stock & Bonds—
.Tune 4, 1898,
Date. Bate.
Outsiand'g.
Maturity.
Stock, $1,500,000; par, $100
$1,500,000
1928
IstM., $l,000,000,g. ($1,000) 1898 5J/o&Djo 1,000,000
5 A.&O.
500,000
1931
1st consol. mort., $500,000
Road— Owns two lines of trolley road from Los Angeles to Santa
Monica, the entire local system of Santa Monica, with branch lines to
Hollywood, Laurel canyon, Santa Monica canyon. Soldiers' Home,
Elysian Park, Ocean Park and Inglewood, constituting about 82 miles
of railway of which 60 miles electric, 17 miles steam and 5 miles horse
railway; also 51 miles of new lines constructed and opened during
1902. Has 79 motor cars, 10 coaches and 45 freight cars; total, 124
oars; 2 locomotives. Operates 2 large power houses at Sherman and
Ocean Park, with machine shops and oar shops at Sherman.
OPFICERS-President and Manager, E. P. Clark; Vice-President and
Manager, M. 1. Sherman; Secretary, A. I. Smith; Treasurer, M. E.
Hammond; Superintendent, W. D. Larrabee.-V. 66, p. 1140.
LOS ANGELES & REDONDO RY.-A trolley road.
Organization.- Incorporated
Stock
&
Bonds—
Date
in Calilornia.
"tUstand'g.
interest.
Maturity.
$500,000
5 g. J-J15
470,000 Jan. 15, 1932
Union Trust Co., San Fran., trustee.
Earnings- For fiscal years ending June 30:
Grosn.
yet.
Int. <£ taxes. Otiter inc.
Surplus
1902
$74,820
$27,763
$24,104
$4,110
$450
3,fi56
1901
53,193
10,034
714
6,892
Road — 1712 miles of track between Los Angeles and Redondo gauge
3 feet, operated by steam, and also a new line, 17 miles, between same
points, gauge 3^2 feet, operated by electricity. The old steam line Is
to be channed to 3 '«-fooc gau«e and operated by electricity. Cars are
equipped with 4 motors of 50 H P. each
Officehs— President, L. T. Garnsey, Los Angeles; Vice-Pres., Percy
T. Morgan; Sec, Treas. & Mgr., H. B. Alnsworth, Redondo; Supt., L. J.
Perry.—V. 74, p. 268.
Stock, *500,000 ($100)
1902
Ist mortgage, $5o0,000,)
gold, (*1,000),
o' S Int. at
LOS ANGELES CAL.
PACIFIC ELECTRIC RY. -A trolley road.
Organization^-This company was incorporated under the laws of
Calirornia in 1901, and Is a consolidation of ihe Los Angeles
Pasadena Electric Ry., Pa^-ad-ua & Mount Lowe Ry., Pacific Electric of
Arizona, the East Ninth St. Ry., the Temple St. Cable Ry., the Krooklyu Ave. Ry. and the Santa Ana
Orange Motor Ry., comprising
nearly all the interurban lines in and around Los Augeles. Controls
Riverside
Arlington Ry. In February, 1902, the first instalment of
10 per cent was made on the stock.
Date, interest. Onist'md'g Maturity.
Bonds—
Stock
Stock, $10,000,000 ($100)..
$4,f<20,0b0 ...
Consol. mortgage, $10,000,000, 5 1902 5g. J.J.
3,555,000 Jan.1,'42
~
"'
~
~
~ Co.,
^
gold, ($1,000).
c. Ur
Int. at Union Tr.
SanFran.,
Trus.
&
&
&
&
-
.
49
'
LOS ANGELES TRACTION-A troUey road.
Organization, Etc.
Stock and Bonds—
^^oldr«f-00(^r°''^"*'^^'T'l ^900 4g.J.-D.
gtnrcauk"aftVr-i9ib\t
104 aud
interest.
l°^f^«^^^^^^^^
500.000 Junel.'SO
Co.,
San
*Tanoisco, iTustee.
J
Bonds— A. sufficient amount of the $10,000,000 consols is reserved to
retire prior Issues. Sinking Fund is $5,000 per annum, commencing
Jan. 1, 1907, for 5 years; then $10,000 per annum to Jan. 1,1917;
$15,000 per annum to Jan. 1, 1922; $20,000 per aauum to Jan. 1,
1927; $25,000 per annum to Jan. 1, 1932; $30,000 per anuum to Jan.
1, 1937, aud $35,000 auuually thereafter, said Hinkiug fund to be used
In the purchase of the oonds, but fund m>»y be invested in other secarities it bond-* cannot be obtained at par.
The bonds of the Los AnPasadena beat- the guaranty of the Los Angeles Ry. by endorsegeles
sinning
fund
ot
ment.
$10,50O per year on those bonds begins Dec.
1, 1908, and bonds may be called at 105 on any iuterestdate after Jan. 1,
1908. The bonds of the Pasadena
Mt. Lowe are guariint«- d, prinolpiil and interest, by both the Los Angeles Ry. and the Los rviigeles
Pasadena Electric Ry.
sinking fund for those bonds comiueuoes
after 10 years from date of bonds of $5,000 per annum
for
-first 5 years, $7,500 per annum for second 5 yeirs. $10,000 per annum for next 5 years and $12,500 per annum for remaining 5 years.
&
A
&
A
&
—Chartered in 1895
Date,
;
interest.
franchise runs vintll 1944.
Outstand'g. Maturity.
Stock, $500,000
$500,000
May, 1915
Ist mort., $250,000, gold 5 1895 6g.,M-N
250,000
Union Trust Co., St. Louis, trustee.
($1,000)
I
Ist consol. M., gold, $250,- 5 1898 5g..J-D
250,000 Dec. 1, 1938
000 ($1,000)
I St. Louis Union Tr. Co., St. Louis, trustee.
Interest of both mortgages at Chase National Bank, N. Y.
Report -Year ending December 31
Tear—
1902
1901
1900
Gross
Operating
earnings.
expenses.
Net
earning*
$115,690
83,735
55,609
$155,078
$270,768
137,048
220,783
136,238
191,847
Road— Owns andoperates26mllesof track laid with 60 and 70-lb. ralL
Officers—President, Thomas J. Hiiok; Secretary, Marcus Hook;
8. Hook.— V. 74, p. 427.
Manager, W.
(I)
CALIFORNIA PACIFIC RY.-A troUey road.
Organization.- Organized under the laws of California. Entire
capital stock is owned by the Los Angeles Traction Co., which
guarantees the bonds, both principal and interest.
STREET RAILWAYS.
50
&
Stock
Bonds—
guar, o
Bojuis.
--)
i
-No
stated
Outstand'g.
(?)
^
hilerest.
Date.
Stock
I8tmortg.,gold($l,000)
901
1
5
g.
$400,000
J-J
& Trust
Title Ins.
Co. Los
,
amount authorized, but
Maturity
July
1,
1941
An geles, Trustee.
limited to *20.000 per
sinkius fund, and bonds cannot be called
is
mile of completed track. No
Interest is payable in New York City.
Road.- Operates 23 miles of track between Los Ang-les and San
Pedro, tliroii>ili tervice ou whlrh is to begin Feb., 1903. Extensions
are proposed to Redondo and to Long Beach.— V. 75, p. 76.
gas plants In the city V. 76, p. 331 3«4.
Tue Louisville & Interurban Ry. has been organized lu the Interest
of the Louisville Ry. to construct a sj sreiu of urban and interurban
lines. It has been authorized to borrow ^3,ou 0,000.
interest.
Outstaiid'g Last d ill., (te.
Bonds.— Date.
Stock
Q -Jan. $3,500,000 .Tan.,'03,
Com. stock ($100 sh.)
A.&O.
2,500,000 Oct., '02, 21^%
Pref. stock 5 p. c. cum
s 1884
6 g. J. -J.
514,300 July 1, 1909
Louiav. aty Ry. M.
do M., gold < Trustee, Louisville Trust Co., Louisville, Ky.
do
2H8,000 Nov. 1,1908
M.-N
6
r-«>„*,„i rass.
13a..- ity.
T?,, lu.
Af 51888
central
j interest payable at First Nat. Bank, Louisville.
5g.J.-J.
5,247,000 July 1,1930
^'i."A^^;^^^«<Fnnnr^nU890
I'^*®'"^*'* payable by Seligman & Co., N. Y.
0* '
flisted
600,000 Mar. 1,1940
LouisviUeRy. 2dM., ) 1900 4'ag. M-S
$2,000,000,g,$l,COO s Int. at Columbia Fin. & Tr. Co.. Louisv'le, Trus
Bonds.— Ot the new 2d mort. bonds due 1940, not more than $200,000
can be issued in any one year for improvements. V. 70, p. 430, 480, 532.
Stock. -In June, 1897, $500,000 of common (leaving $3,500,000) was
converted into preferred, making $2,500,000 preferred, on payment of
$50 per share to be used for improvements.
Dividends— On preferred 5 p. c. per annum. On common In 1896,
2^ V. c.; in 1897, 2^2 p. c; in 1898, Apr., II4 p. c; the Oct., 1898, and
April, 1899, dividends were passed, owing to tax suit; in 1900, 4 p. c;
in 1901, 4 p c; in 190v, 414 p. «.; In 1903, Jan. 1^ p. c. and '^ p. o.
extra to make 5 p. c. out of earnings of 1902.
Road- Owns 145 miles of track on 83 miles of street, all of which is
electric. The last mule line was changed to troUey early in 1901.
Annual Report— Fiscal year ends Deo. 31. Annual meeting
Feb. 20.
Tear.
1902.
ISOl.
1902.
1901.
year.
Gross earn $1,771,887 $1,617,059 Dividends.. .. $300,0o0 $26.=i,000
644,171
593,022 BaL, surplus..
10,291
Net
7,0a8
333,8 ;0
320,934
Interest pd.
Officers—President, T. J. Minary; Secretary and Treasurer, Sam'l
G.Boyle.— V. 74, p. 94, 205, 828; V. 75, p. 611, 1147, 1202, 1399; V.76,
p. 331, 382.
,
&
m%
.'^
. .
NY)
—
I
I
I
I
LOUISVILLE & EASTERN RR.-A trolley
road.
Organization— This was formerly the Louisville Anchorage & Pewee
Valley Elect. Ry., Incorporated .Fan. 14, 1901, but name changed as
above in Jan 1903, and capital stock increased from $350,000 to
$1 ,200,000. A new bond issue is proposed.
Date interest. Outstand'g. Maturity.
Bonds—
Stock
Stock com $900,000
(?)
Pref. $350,000 5 p. c, n. c
(?)
P. Ist mort.,1 1901 5 g. J-J
5(0,000
Louisv. A.
1931
$00.00^'. gold, sink, fund Int at Cincinnati Tr Co., Cincinnati, Tr.
Sii.kine fund, but not subject to eall.
($1,000, $5uO)
'^^^'^
1^32
''>
^ ^LoulHV A & P 2nd mort <
interest
at Fidelity Trust
S. V. Co.,
™°"-'
^Tn'nnn
<,.^k
$i6U,uuu, goia
Louisville, Trustee.
I
Road— Operates 15 miles of track connectiuK Louisville, Anchorage
Pewee,
with
in
5
mileS
the
city; total 20 miles. Extensions to
ana
Shelby ville. Ind.; to Frankfort; to Eminence; New Castle, etc., in
Anders(m and Spencer Counties are contemplated. From Anchorage
to Shelby ville is under construction.
Officers— President, H. H. Bechtel, CincinnHti; Vice-President and
Treasurer, Percival Moore, Louisville. V. 73, p. 391; V. 74, p. 987;
V. 75, p. 1302; V. 76, p. 266.
,
&
,
&
j-
J
&
LYNCHBURG, VA.
& LIGHT CO
-
Organization—This is a consolidation on May 1, 1901, of the Lynchburg Electric Ry. & Light; the Lynchburg & Rlvermont St. Ry. (franchise perpetual) and the Lynchburg Gas Co., and comprises all the
street railways, gas works and electric-light plants of Lynchburg.
Stock and Bonds—
Date,
f
O^Ol
\
^«al
^
jj^^
Outstanding.
interest.
5
g.
Esr,.
j^j
^
$750,000
639,000
M-N
Maturitit
May
1,
1931
Trust Co. Phila., Trustee.
,
jj
Janney
&
(^o.,
charges, $37,500; suridus, $13,734.
Road— Owns and operates 14 miles of road in city and suburbs.
Officers— President, R. D. Apperson, Lynchburg, Va.; Secretary
and Treasurer, F H. Shelton. 112 No. Broad St.. Phila.— V. 72, p. 873
MACON. GA.
Qrqanization—
Railways
iV
& LIGHTon
in Geor/jia
<»ct.
23,
1902, by the
Liglit Co. ot America as a consolidation of the Macon ConHy., the North & South Macon Street
tlie Macon El. Light
Ry.
&
Ry. and the Metropolitan Street Hallway. The city ordinance permitting the consolidation, passed on Sept. 16, 1902, provides that at
least .$150,000 shall be expended for Improvements within two years,
and grants a 50-j car franchise. For terms see V. 75, p. 733.
sol. St.
Stock & Bonds—
Date,
8tock,com., $90(1, 000 (*100)
"
pf.,*300,000($l00) }
6p. o. cum
Lt.
Mac. Rv.
interest.
A An
A.<su.
\
1 St Con. M.,
$1,000,000 ($1,000).. c*
Mac. E. Lt. & Ry. 1st
$100,000 (^.-iOO), g....*c
<itr
M
,
{
190 3
Mnt
>
5
5g. J. -J.
at N. A. Tr
1899
Int. at
6
g. J
J
Co
Outstand'g. Maturity.
$900,000
300,000 1903, 214%
70H,000
Jan 1, '53
N Y .Trust., or by Co
45,500 Jan. 1. '29
Bowling Green Tr.
Co., N. Y., Trus.
Of the new Ist con. mort., $4.'S,500 is reserved to retire a
like amount of the Macon Elec. Lt. & Ry. bonds. The bonds of 1903
can be called on any Interest date at 110 and inttreKi.
/jfojif/*. -
MADISON,
^VIS.
Sept.,
in
1901, as successor to the
&
Stock
Bonds— Miles. Date, interest. Outstanding. Maturity.
Stock. $200,000 (f 100)
$200,000
See text.
1st M.$300,000, gold ) IOI2
1901 5 g M-S
200,000 Sept. 1, 1926
c." s Int. at Milwaukee Tr. Co., .viilwaukee. Trustee.
($1,000)
Bonds —The whole issue can be called on any interest date at 110
and interest: $5,000 is payable yearly to sinking fund, beginning
Sept. 1, 1916.
Road— Owns 10^ miles of standard-gau,getracK, including lines in
Madison and extension to Elmside. Sohuetzeu Park and Cemetery.
Dividends-- On Sept. 1, 1902, 5 p. c. was paid.
Earnings- For fiscal vear ending Aug. 31, 1902; Gross, $76,736
net, $24,7/5; interest, $10,000; dividends (5 p. c), $10,000;
balance
surplus, $4,725.
Officers— Pres., P. L. Spooner; Vice-Pres. and Gen. Man., F. W.
Oakley; Sec. and Treas., Wayne Ramsay; 6upt., G. H. Shaw, all of
Madison.- V. 72, p. 438; V. 73. p. 49 1, 663.
MANCHESTER,
MANCHESTER
POWER
co-
N. H.
TRACTION
LIGHT
&
Organization— Incorporated in 1901 in New Hampshire, and compower and street railway properties in and
around Manchester. Tbe company took over the Manchester Electric
Co., which cimtrols the Manchester Electric Liirht Co. and the Manchester Street Rallwav. In 1902 the latter company was authorized
by tbe New Hampshire Railroad Commission to increase its stock
from $421,000 to $370,250, to fund floating debt and provide means
for new rolling stock; accordingly 995 new shares were issued at 150.
Date, interest. Outstand'g.
Maturity.
Stock —
prises the several light
Stock, $5,000,000 ($100)
Istcon. mtge., $2,000,000,
gold ($1,000)
c*
Vnderl;i)ig Liens
^^' ^°' ^^^ ^^
—
.
.
>
i
$1,h50,000 Jan. ,'03. 3%
992,000 Aprill,1921
Int. at Am. Loan & Tr. Co., Boston, trustee.
1901
5
A-O
g.
A-O
250,000 Oct. I, 1917
250.000 Jan. 1. 1915
of Redemption, Boston.
$250,000, red. after Jan.
1, 1905
3 Am. Loan & Trust Co., Boston, trustee.
Bondii- Of the new 1st con. mtge. .+12 ^,000 are reserved to retire a
of
bonds of tlie' ITbion Electric Co. and $500,000 are relike amount
served to retire above underlyinfr bonds. The remaining $385,000 are
available for future improvements and betterments,
Road— Owns 34 miles track, standard, of which 412 miles second
track and 1 mile sidings, etc. Rails 70 and 90-lb. T.
Dividends— The tlrst semi-annual dividend of 3 p. 0. was paid on
July 15, 1901 In 1902 6 p. c In 1 903, Jan. 15, 3 p. c.
Earnings— Of the Manchester street Ry. for years ending June 30:
'iross.
Int. (£ taxes. Dividends. Balan^re.
Net.
1901-02
$451
$235,172
$51,838 $20,1.S7
$31,230
1900-01
212,138
19,443
25,260
46,892
2,189
1899-00.
..
18,090
173,004
35,010
(8%)13,600
3,320
Officers— President, Wllllam A. Tucker; Treas., S. Reed Anthony;
General Manager, J. Brodie Smith.— V. 69, p. 229, 1193; V. 71,p. 289;
'^1250 000
Man.
St.
'
\
Ryilst M., gold,
^^^'^
^
S-
JBank
5 g.
) 1895
> Int. at Na,t.
V. 72, p. 391, 393, 1237; V. 74, p. 205, 478.
MANISTEE, MICH.
MANISTEE
FILER
CITY & EAST LAKE
Population served estimated at 25,000.
WAY—A trolley.
RA.lL
&
Date, interest. Otitstand'g.
Maturity.
Bonds—
Stock
Stock
$200,000
150,000
Jan. 1, 1918
l8t mortgage,$2C0,000,g.c* ) 1898 6 g. J-J
($500 each) red. after > Int. at Metropolitan Trust Co., New York,
Trustee.
1903 at 105
3
Bonrfs— $4,000 must be drawn by lot at 105 yearly Jan. 1, 1904, and
after, but bonds are subject to call at 105 on and after 1903.
Road— Operates 14 miles of track; 30 cars; brick boiler house; three
Thellne
large engines and generators; iron car house. Rails, 45 lb. T.
extends from Manistee to Filer City, East Lake and Stronach, Oak
Hill and Parkdale.
Including park on shore of LakeMiohigan, theatre, restaurant house, station, bath rooms, pavilions, &o., over
$100,000 spent for improvements in 1899
Officers— President, Treasurer and Purchasing Agent, G. A. Hart;
Vice-President, R. R. Blacker; Secretary, George W. Swlgart.
Philadelphia.
Lynch. Gas Co. 1st M
5
111,000
1930
Bonds Of tlie 1st mortgage bonds $111,000 are reserved to retire
bonds of like Hmouiitof Lynchb\ir« Gas Co., due 1930. Sinking fund
of 1 per cent per annum becomes operative in 1906; which is increased
Kutire issue can be called at any time.
in 1916 to II2 per ceac.
interest
Earnin'^'s— Year ending Aoril 30, 1902, net, $51,234;
MACON RAIL^VAY
incorporated
Officers— President, E. L. Bemiss; Sec. <fe Treas., E. L. Douglass.—
V. 74, p. 1355; V. 75, p. 135, 498, 733, 9,81, 1399; V. 76, p. lOi, 212.
Organization— Incorporated
Organization—Incorporated Jan. 22,1867. A Kentucky company
owning all the street railways in the city oi Louisville and its suburbs
The real estate is valued at $700,000. In Feb., 1903, it was proposed
to consolidate under one control all street railways, electric-light and
Stock, $750,000 ($100)
1st mort- <R1 000 000
B r. (irooo.
eold
o*
(*i,uuu) goiQ...c
8.
;
Madison Electric Railway.
I^OUISVIJ-J^E RAlL'vVAY— Trolley road.
Trolley.
—
MADISON TRACTION CC-A trolley road.
LOUISVILLE, KY.
LYNCHBURG TRACTION
Road— Owns and will operate about 28 miles of track, all of which
will be re laid with 70-lb. rails.
Earnings For seven months ending Dec. 31, 1902, of | consolidated
properties: Gross, $122,086 net, $52,216; in 1901, gross, $110,765;
net, $46,346.
MANSFIELD, OHIO.
ELECTRIC
CITIZENS'
P O V/ E R CO. —A trolley road.
RY.
LIGHT
&
Organization— Charter renewed in 1898 for 25 years. Successor to
the Manstleld Electric Street Ry. Owns also an incandescent light
plant with about 7,000 lights.
Date.
interest. Outstand'g. Maturity.
Bonds—
Stock
Stock, $400,000
.$400,000
400,000 Apr.1,1923
First mortgage, $400,000 < 1901
5
<Int. at Cleveland Tr. Co., Clevelau<l,Tru8.
($500)
Road— Owns 19 miles of track, including extension to Shelby, which
was completed In 1901. President, S. N. Ford; Secretary, 8. G. Oummings; Treasurer, Keid Cai-penter.— V. 74, p. 204.
&
MARION. OHIO.
MARION STREET RAILWAYOrqanization, Etc.— Stock, $100,000. Operates 4 miles
Officers— President and Treasurer. E. Durfee.
of track.
MARLBOROUGH, MASS.
BOSTON & W^ORCESTER ELECTRIC COS—
Organization This is a voluntary associacl'in organized after the
plan of the Mass. Electric Companies. Has acquired control of the
Boston & Worcester Electric St. Ry., Marlborough St. Ry. and the
Framinghani Union St. Ry. and the Framingham Southboro & Marlboro Sr. Ky
It will be the holding company and has a total authorized issue of 50,000 shares each of common and 4 p. c. preferrea (no
par value). In Jan 1903, 18,786 shares preferred and 19,989 shares
of common stock were outstanding.
,
I
STREET RAILWAYS.
Of
-ICE
RS—President, James
Shaw; Secretary and Treasurer
F,
A Butman.— V. 75, p. 1146 1398; V. 7tj, p.211.
B03T0N & WOR()ESTER ST. BY — TroUey.
(2) MARLBOROUGH STREET RY. -Trolley.
Orqanization—Incorporated March 27, 1888.
The Framlnghani
Southboro & Marlboro Ry. is operated. In Nov. receiver w»s ap
pointed on company's application, owinjj to Inability to met^t $113,000 damage claims growing out of liSt .su umer's accident. Company
compromise for $25,000, Out
&
this failed.
Maturity
Outstand'iJ.
4%inl895-6
See text
$80,000
Stock $80,000 (par $100)
July 2, 1914
80,000
6 J -J
1st mortgage, sink. fund. 5 1894
Sub.tocailatlOS aft. Sys. i Interest at Intern'l Trust, trustee, Boston.
Road—Total track owned and leased, including sidings, 15"602 miles.
1901-02. 1900-01.
Earnings- 1901-02. 1900-01.
None.
None
Gross earnings.. $64,559 $59,103 Dividends
14,597 Bal. for year.. def.$2,877 8r.$3,960
17,544
Net
10,637
Int'st, taxes, etc. 20,421
Officers— President, Jas. F. Shaw; Secretary and Treasurer, Geo
A. Butman; Manager, A. 0. Ralph.—V. 75, p. 1254; V. 76, p. 102.
S^OCK
Date.
Bonds—
of track in Memphis
and suburbs.
T and Johnson.
Officers— Pres., C. K. G. Billings Vice-President, General Man'r and
Hurch. Agent. F. G Jones; Secretary, W. S. McCrea; Treasurer, R. L.
Benson.- V. 67, p. 371; V. 74, p. 987, 1089.
;
Organization— Incorporated on Nov. 16, 1901, with an authorzed
capital of $750,000. to operate an electric road from Boston to Worcester. In Jan., 1903, Mass. RR. Commission authorized increase to
$1,000,000.
Road—Will own and operate 4'S miles of road from, Boston,
throuffh Newton, Wellesley, Natick, Framinaham, Southboro, North
boro, WestlTOio and Shrewsbury, to Worcester —V. 75, p 1146, 1398;
V. 76. p. 211.
oflfered to
Road —Operates 8O miles
Rails 70 to 90 lb.
George
(1)
51
Interest.
.
i
MENOMINEE, MICH.
MENOMINEE ELECTRIC LIGHT RAILWAY
& POWER.
company acquired the
In February, 1902, the stockholders
of this
Marinette Gas, Electric Light & Street Ry. Co. The latter has since
been improved, and now comjirises about 9 miles of track, and has
$115,000 stock and $5,000 boud.«. An early consolidation of these two
V. 74, p. 478.
properties will be i-ttected
ORQANIZATION—Chartered July 31, 1891. Capital stock Issued and
paid in $110,000; par, $100. First mortgage 6s of 1893, $24,500;
due $3,000 yearly; interest J&J at First National Bank of Menominee. Owns 6 7-10 miles of track.
A belt line around Menominee and
Mariaette, Wis., will be constructed.
Dividends— Fifteen semi-annual dividends have been paid to Dec,
1902, the tirst six at 2 per cent and the last nine at 213 per cent.
Officers.—President, A. Spies; Vice-President, S. M. Stephenson;
secretary. Treasurer & General Manager, E. Daniell
V. 74, p. 478.
—
|
|
(3)
FRAMINGHAM SOUTHBORO & MARLBORO STREET RY A trolley road.
Organization.— Incorporated
in Massachusetts in 1893.
Stock
all
owned by the Boston & Worcester Electric Companies.
Stock & Bonds.— stock authorized and outstanding, $60,000;
bonds authorized and outst'inding, $60,000 5s, due Jan. 1, 1919.
terest at American Loan & Trust Co., Boston, trustee.
Earnings- For year ending Sept. 30, 1902, gross, $26,358;
In-
net,
$9,859; charges, $4,245; surplus, $5,614.
Road— Operates 76 miles of track between Framingham and Marlboro.
/.x FRAMINGHAM UNION. -Stock, $30,000; funded debt, $47,V^j 000 Gross earnings vear ending Sept. 30, 1902, $37,736; expenses, $21,963; interest and taxes, $6.24d; dividends. $1,500, surplus, $8,025. Track, 6 « miles.
MARSHALLTOWN,
lA.
LTOVS^N LIOHT POWER
MARSHALIncorporated
m lowa 1892. Exclusive
Organization—
in
&
RY
rights
till
1917. Runs electrical lighting and gas plant and electric railway.
Date.
interest. Ontstand'g.
Maturity.
Stock
Bonds—
Stock ($500,000) ($100)
$250,000f.p
Ist mortgage ($150,000) ) 1893
July
6g. J-J
140,000
1, 1913
go.d ($1,000)
c.*Slnt. at 111. Tr. & Sav.Bk., Chicago, trustee.
&
J5o7M<s— Cannot be called.
Road—TroUey track, 312 m. Standard gauge, 40-lb. T rail,
Jones, Independence, la,; -;eo. S. B Hovey,
Officers— Prest., C.
Independence, la.; Treas. and Supt., M. W. Hovey, iMarshalltown, la.
B
MASON
MERIDEN, CONN.
ELECTRIC RAILROAD—Trolley.
MERIDENOrganized
August
1886. In November,
14,
1895,
Organization—
was obtained by the N. Y. N. H. & H. RR. Co.—V. 61, p. 794.
Stock & Bonds - Par. Date, interest. Outstanding. Maturity.
^.took, $1,000,000..
$100
$1,000,000
5 A-O
Meriden Horse RR. 1,000 1891
85,000 Oct. 1, 1911
oontrol
)
Interest at Girard Trust Co. of Philadelphia.
^^^^ 5 g. J-J .$415,000 Jan. 1, 1924
j^terest at Girard Crust Co., Philadelphia.
m., g., rpovv.uvKj..
Trustee, State Treasurer of Connecticut
^
June 30, 1902, bills payable, $161,400.
Road—In Meriden, extending also to WaUingford, 19*5 miles in all.
Earnings—For year ending June 30, 1902: Gross, $139,284; net,
$50,027; Interest and taxes, $40,246; surplus, $9,781.
Officers—President, Col. N. H. Heft, New Haven; Secretary and
Treas irer, W. L. Squire, Meriden.— V. 61, p. 704. 794
IstM., $100,000.
Vfftridfin Horse
RR
MOTiaen
ttorse kk.
.
trolley
1897. Owns right of way 33 feet wide from Mason City to Clear Lake,
9 miles. Length of line within and between two cities, 17-6 miles.
Stock, $200,000. Bonds (authorized), $100,000 1st gold 6s, J. -J. 15,
interest at Illinois Trust & Savings Bank. Chicago, Trustee; sinking
fund retires $3,000 yearly at 103, beginning Jan. 15, 1900, and
amount outstanding, $88,000. Handles all freight coming over Iowa
Central, Chic »go & North Western and Chicago Great Wesi'n railways,
between Mason City & Clear Lake. Presideat and Gen. Manager, W.
E..Brlce; Secretary, F. J. Hanlon.
MERIDIAN, MISS.
Orqanization— Incorporated in Mississippi in 1901 as a reorganization of tne Meridian -treec Ry.
Date,
interest. Outstand'g.
Maturity.
Bonds—
Stock
Stock, .t!450,000 ($100)
$225,000
1st mortgage. $225,000. } 1901 5 g. M-S
170,000 March 1, 1941
gold (?1,000,; cannot > Interest at Miss. Valley Trust Co., St.
be called.
) Louis, Trustee.
Road— 7 miies of tra^k. Electric department operates 130 city arcs,
6,000 incandescent lamps, 75 H.P. motors and 10 commercial arc lights.
Officers— President, J. H. Wilson, Mobil<^; Vice-Pres., W. H. Armbrecht; Sec. and Treas., J. A. GiiJson. — V.75, p. 29.
&
LAKE
MICHIGAN CITY,
CITIES ELECTRIC
Stock
INGTON STREET RY. -A trolley road.
E>ref.,
& -SLAT-
Organization— Incorporated in Pennsylvania on March 26, 1901,
as a consolidation of the Carbon County Electric Ry. (Jo. and the Slatington & Palmerton Street Ry. Co. Connects at 81atington with the
Unes of the Lehigh Valley Traction Co.
Date, interest. Outstand'g.
Bonds
Maturity.
Stock
Stock, $600,000, $50
$600,000
let mortirage, $600,000, 5 1901 5g. M-N
500,000 May 1, 1931
gold ($1,000)
c* Unt.atWestEndTrustCo., Pliila., Trustee.
Bonds— So sink, fund, but subject to call at ajiy time at 110 and Int.
Road— Isto operate 25 miles of road, conaectiug the points named in
the title, of which 13 miles was completed in February, 1902, and 7
miles in operation. To be completed in 1903.
Officers—President, I. A. Swelgard, Philadelphia. Pa.; Vice-Pres.,
JohQ H. Pasooe, Allentown; Sec, T. F. Durham, Philadelphia; Treas.,
Russell A. Thayer, Allentown; Supt., P. F. Cannon, Allentown —V. 72,
p. 989.
—
&
MEADVILLE, PA.
MEADVILLE
& CAMBRIDGE
SPRINGS
road.
STREET
RY.- An
electric
Organization -Incorporated in Pennsylvania in 1901.
pastengers, mall and express. Population served, 25,000.
Carries
&
Date.
interest.
OuUtand'g.
Stock
Maturity.
Bonds—
Stock, $300,000
$300,00(5
Ist mort., $300,000 y
1902
5
260,000
July 1. 1932
($500)
5 Int. at Equitable Trust Co., Pittsburg, Trustee.
Bonds— Arei subject to call after 20 years at 105 and interest.
Road -Operates 1513 miles of track between Meadville and Cambridge Springs, forming the connecting link bPtween MeadvUle and
Erie. 77^ and 85 lb. J raiL Commenced operating Jan. 15, 1903.
Officers— President, F. R. Shryock; Treasurer, Chas. Fahr. Offices,
513 rimes Building, Pittsburg, Pa.
IND.
RY.-TroUey.
Receivership—In Feb., is98, I 1. Spiro was appointed receiver
but in Aug., 1902, Judge Baker appointed A. L. Boyd. Interest due
Feb. 1, 1898, only partly paid.
Lighting Plant— Owns plant for commercial and public lighting,
pole line and wires covering entire city. Company has a 10-year contract with the city for lighting, from Aug. 1, 1894.
&
Bonds—
Common stock,
MAUCH CHUNK, PA.
MAUCH CHUNK LEHIGHTON
^
MERIDIAN LIGHT & RAILVv^AY CC-
CITY, lOV/A.
MASON CITY & CLEAR road.
LAKE
RAIL^WAY
Operated since July
CO-- Organization, Etc.— a
5
^
Date.
Outstand'g.
interest.
Maturity.
$200,000
50,000
75,000 Feb.
(par $100)
non-cum., $100,000
1893
6 g.F-A.
1, 1923
Metropolitan Tr. Co., N.Y., trustee.
Earnings—Including electric-Ught plant, for calendar year, 1901,
gross, $20,936; In 1900, gross, was $21,010; in 1899 gross was $19,245.
Road—Owns 2 miles of track. Rail 72-lb. T-— V. 75, p. 290.
1st M., $300,000, g. ($500)
(In default, see above)c*
)
\
MIDDLEBORO, MASS.
MIDDLEBORO
^WAREHAM
& BUZZARD'S
road.
A
BAY STREET RY.—
trolley
Organization— Incorporated
Date
Stock & Bonds—
$100
mortgage, $150,000
in
Massachusetts In 1901.
interest.
Stock, $150,000,
Ist
($1,000), gold.
{
1901
5g.
AO
Outstand'g
Maturity.
$150,000
1.50,000
Federal Trust Co
Oct.
1,
1921
Boston, Trustee.
Bo^^is.— No sinking fund, but subject to call on or before Oct. 1,
1906, at 110; thereafter through Oct. 1, 1911, at 107 « and thereafter
before Oct. l, 1921, at 105, all with interest.
Earnings- For year ending Sept. 30, 1902. gross. $45,170; net
$8,771; interest and taxes, $3,891; surplus. $4,880.
Road— Operates 18 miles of track from Middleboro to Buzzard's
Bay and 3 miles additional to Monument Beach. RaUs 60-lb. TBearse, Middleboro; Vice Pres., E. T.
Officers— President, A.
Whitman; Counsel, Nathan Washburn.— V. 73, p. 843, 1264, 1313.
.
..0.
5
Int. at
,
M
MIDDLETOV/N, CONN.
road. Serves
MIDDLETOWN
STREET RY.—A
population of about 23,000.
trolley
Organization— Organized on Jan.
12, 1884.
On
Jan. 29, 1898, con-
solidated with the Portland St. Ry.
jtock,par,$25($200,000),$135,000
EARNINGS- For yearendlng June
1st M., $150,000, gold, 5
30, 1902, gross, $40,114; net, $12,guar, J-D
150,000 1326; interest and taxes, $9,065:
(Dated 1894. Due 1915.)
surplus. $3,261.
Road— Owns 9*92 miles of tracks in Middletown and Portland.
Officers— President, Oliver Glldersleeve, Portland, Conn.; VicePresident, Abel O. Allison, Middletown; ."Secretary ana Treasurer, J.K.
Guy, Middletown. Index— V. 62, p. 85 V. 75, p. 981.
I
I
|
MEMPHIS, TENN.
MEMPHIS STREET RAILWAY
Chartered
OrQANIZATION—
zens' St., East
Springs
End
Street,
lines; franchise
Stock & Bon DS—
St'k $500,000 ($100)
Citz. St. RR. 1st M.
($1,000), gold .0*
.
CO.-
1895 and consolidated with the CitiCity & Suburban and Memphis & Raleigh
in
runs
Jlfiie*.
)
5
till
Date,
;
MIDDLETOWN,
1945.
interest.
Outstand'g
Maturity.
$500,000
40
1887 6 g. J-J
906,000 Jan. 1, 1916
Int. at Am. Exoh.Nat. Bk.of N. Y.and Memp.,Tenn.
N. Y.
MIDDLETOWN-GOSHEN ELECTRIC
Organization— On
purchase at
RY.-
was incorporated as successor by
foreclosure of the Middletown-Goshen Traction.
Oct. 25, 1899,
STKEET KAILWAYS.
62
&
Maturity
Oiitst'd'g.
$100,000
200,000 Jan. 1, 1919
OldCo'8.1stmort.,$200,000, ) 1894 6g. J - J
Red uced temporarily to 4 per cent.
o" i
gold, $1 ,000, 8. f
75,000 May 1, 1920
Mlddlet'n-Bloomb'g let M. ) 1895 6 M.&N.
gold ($1,000)$200,000 8.f. S Reduced temporarily to 4 per cent.
Earnings— For tlscal year ending June 30, 1902, gross, $47,805
net, $1,367; other Income, $308; taxes, 2,313; deficit, $638.
Road— Operates 13 miles of track extending from Middletown,
N. Y., to Midway Park, Goshen, including switches, turnouts, etc.
Rails 65-lb. T except ^ mile only of 80 lb. girder. Standard gauge.
Officers— President and Gen. Manager, W. B. Royce; Vice-Pres..'W.
B. Broomall; Sec. and Treaw., Herbert B. Royce; Sup't, Samuel Gane-
Stock
Bonds—
Date,
interest.
Stock, $100,000 anth. $100
mann.— V.
67, p.
480, 1003;
V. 69,
p 440, 8o2, 906.
MILFORD, MASS.
ATTLEBORO & ^VOONSOCKET
MILFORD
ST. R Y. -A trolley road.
Incorporated to build an
railway In and
electric
Organization.-
connecting the towns named in the title.
Maturity.
Dale
Interest. Outstanding.
Bonds—
Stock
$315,000 1901-02. 4%
stock ($100) *325,000.
250,000
1899
5g, A-O
Oct. 1, 1919
Ist mtge., $300 O00,gold
Interest at Mercantile Trust Co., Boston,
o.
($l,t00)
Trustee.
Cannot be called.
Has traffic agreeRoad— Owns and operates 30 miles of track
ment with WooDsocket Street Railway, allowing it to run over Its
tracks into the city. Operates 20 cars. Rails, 60 and 85 lb.
Earnings— For years ending Sept. 30: In 1902, gross, $75,461;
net, $52 3^'; interest, $12,500; taxes and Hoag Park operation,
$5,306; dividends, $10,000; deficit, $4,415.
Officers— Prsident, Q. W, Wlggin, Franklin; Treasurer, E. K.
Ray, Woonsocket Secretary and Manager, W. H. Tyler, Milford.—V.
&
;
73, p. 236. 392.
MILFORD & UXBRIDOE
incorporated in Massachusetts in 1901. On July
by purchase of entire capital stock with the
Milford Holliston & Framingham St. By.
Organization,
&
Bonds—
Daie.
Stock, .t!440,000($i 00)
Frani. Ist
,
M. Holl
$165,000 ($1,000) g.c*
&
M
Inurest.
Outstand'g.
Maturity.
440,000
1898
>
5g. J-J
$165,000 Jan. 1, 1918
L.
Tr. Co , Boston, Trustee.
&
1902
5!?. J-J
$200,000 Jan. 1, 1918
Int. at Am. L. & Tr. Co., Boston, Trustee.
Int. at
5
Am.
& Uxb. gold bonds.
$250,000 ($1,000) g.c* 5
Road— Owns 36 mil<^s of track, froni So. Framinsham to Uxbridse,
and from Milford to Medway and Hopkinton. Also owns Lake Nipanuc Park.
Officers—I*re8ident. John T. Manson, New Haven. Ct.; Vice-Prest.,
Arthur R. Taft: Gen. Mar. and Treas.. E. W. Goss, Milford, Mass.— V.
Milf
»
74, p. Ib08; V. 76, p. 102.
MILLVILLE, N. J.
MILLVILLE TRACTION-A trolley road.
&
Date, interest.
Outstand'g.
Maturity.
Bonds—
Stock
$175,000
Stock, $17.5,000
208,000
1914
Ist mortgage. $400,000.) 1894 5g.F-A
c* s Interest at Land Title & Tr., Phila,. Trus
gold ($1,000 each)
'02
38,869
"Other debts" Dec.31,
Earnings— For year 1902, gross, $30,208; net, $2,303.
Road.—Operates 12-31 mUes of track in Millville, Vlneland and
township of Landis, of which 8 67 miles put in operation in 1901.
Officers.— Pres't. G. B. Langley; Sec. and Treas., Daniel C. Lewis.
MILW^AUKEE,
W^IS.
MILV/AUKEE ELECTRIC RY & LIOHT.ORQanization— Successor of Milwaukee Street Railway Company
sold in foreclosure Jan. 29, 1896, per plan in V. 60, p. 1009. Embraces all the street railway lines in Milwaukee, and an extensive
system ot suburban and interurban lines. Controlled by the "North
American Co." (See Miscellaneous Companies in Investors' Supplement.) The company besides its street railway system owns and
operates electric-light ana power works (costing $1,625,938) under
franchises said to be exclusive these include all the electric-light
companies, among others the Edison Elec. Illuminating Co.. the Milwaukee Electric Light <?o., the Badger Illuminating Co. the Milwaukee
Arc Light & Power Co. and the Pabst Light, Heat & Power Co. Was
furnishing in May, 1902, 103,668 incandescent lamps, about 7,790
h. p. in motors and 3,237 arc lights. Owns all the stock of the Milwaukee Light, Heat Traction Co. See its statement below.
The franchises of the company run until Dec. 31, 1934— V. 70 p. 39.
Stockholders in Jan., lOf'l, voted to increase common stock from $3,500,000 to $15,000,000, to provide funds for improvements, the additional stock to be iwaued from time to time as needei
Date, interest. Outstand'g.
Maturity.
Bonds—
Stock
m- ^^n nnn
Com. stock, $15,000,000 )
;
&
&
(par$100)
!t>7.oou,uoo
5
..
Pref. stock, $4,500,000, 6
o- ^K
1 1«04.
4 500 oon Feb.
FAh 'oq
03,li«%
4,o00,000
p.c.,non-cum.,par $100J
1,000,000 Dec. 1, 1908
Milw. City RR. 1st mort., S 1888 5g. J-D
41 m.,$l,000,000,gold.o* < Central Trust Co., N. Y. City, is trustee.
$500,000 July 1,1909
West Side Street Ry., Ist^ 1889 5g. J - J
moi-t., covers 18 miles.
( Int. is payable at Farmer's L. & Tr. Co.
Milw. El. Ry. & Light Co., 5 1896 5g. F-A $6,500,000 Feb. 1, 1926
consol.M..$8,000,000,g.c* I Trustee, Central Trust Co., New York.
Interest payable at company's office, 30 Broad Street. N. Y.
Stock "lid Bo?i(/«— New consols of 1896 for $1,500,000 are reserved
These bonds and also the preferred
for prior bonds still outstanding,
stock are listed on the N. Y. Stock Exchange.
Road—Total track 138-34 miles— all trolley, of which 63'73 double
track and 10-88 single.
Annual Report— Fiscal year ends Leo. 31. V. 76, p. 263.
1901.
1902.
Oalendnr year—
1900.
1899.
$2,30'.',514 $2,032,208 $1,850,086 $1,668,963
Gross railway
385,226
434,807
Lighting, etc
354,450
327,643
'^
.
.
$2,417,434
1,185,534
$2,204,536
1,129,786
$1,996,606
1,026.403
$1,451,286 $1,231,900
24,907
38,972
$1,074,750
16,162
$970,203
$1,490,258
$1,090,912
$980,736
$2,737,321
Gross earnings
Operating expenses.. 1,286,035
Net earnings
Other income
$1,256,807
10,533
Out of the net of $1,490,258 for 1902, $412,220 was paid for interest
and $123,179 for taxes. $270,000 for pref. divs. (6%) and $^73.7J2
was charged up for dei)reciation, leaving a surplus bal. of $411,127.
Dividend— Regularly quarterly dividends of 1 4 per cent have been
paid on the preferred stock since Fe))ruary, 1900.
BogKS, 1st Vice-Pres.,
Officers— President & Gen'l Mgr., John
I.
Wm,
&.
liigbt Co.
MILWAUKEE LIGHT HEAT & TRACTION COMPANY.—Incorporated December, 1896. The capital stock ($500,000) Is all owned
by the Milwaukee Electric Railway &, Light Co.
The Traction Company owns and operates the following properties
all trolley
roads
Milwaukee & Wauwatosa Motor Railway Co., operating between
Milwaukee and the town of Wauwatosa.
North Greenfield & Waukesha Electric Railway Co., Waukesha Beach
Electric Railway Co., Waukesha Electric Railwar Co., operating between Milwaukee, Waukesha and Waukesha Beach.
Milwaukee Racine & Kenosha Electric By. Co., operating between
Milwaukee, Racine and Kenosha.
Belle City Electric Railway Co.. operating in Racine and connecting
with the Milwaukee Racine & Kenosha line.
Total mileage, 81-63 mUes.
The company also owns the electric-light plant of the Badger Electric
Co. (if Racine, the electric lighting plant formerly belonging to the BeUe
City Electric Railway Co. and the Racine Gas Lis; ht Co
Stock
—
& Bonds
stock.)
Common
$500,000
Date.
interest.
Outstanding.
Maturity.
nnn
$500,000
at^nn
\
Ist M:.g.guar.$5,000,-) 1899 5
M. - N.
2,249,000
May 1. 1929
000 ($1,000)
c* 5 City Trust Co., N. Y., trustee.
Interest at Co.'s office, 30 Broad St., N.Y. Bonds may be called at
110 on any interest date.
The bonds are guaranteed, principal and interest, by the Milwaukee
Electric Railway & Light Company.
Earnings- Fiscal year ending Deo.
Gross- Railway
$291,103
63,658
Electric light
Total gross
$354,761
—263.
31, 1902: V. 76, p.
Expensess—
—Railway
Electric light.
Net earnings
iaooi
dT>
*^"-»^»4a»
\
$153,346
Interest, $98,691; taxes, etc., $7,982.
Officers and Directors—Same as The Milwaukee Electric Rail-
way &
ST- RY.-Trolley.
10, 1902, consolidated
Stock
Companies ControUed by milwaukee Electric ICallway
N. Cromwell, 2d Vice-Pres., C W. Wetmore; Secretary. Silas W.
N. Y. office, 30 JBroad St.,
Burt, New York; Treas., Geo. R. Sheldon.
N. Y. City.-V. 74, p. 4ii5, 478; V. 75, p. 77; V. 76, p. 263.
Light Company.
General office, 451 Broadway, Milwaukee, Wis. New York office.
30 Broad Street.—V. 68, p. 619, 872; V. 70. p. 277; V. 72, p. 283, 937
;
V. 75, p. 394.
^WISCONSIN TRACTION LiaHT, HEAT &
PO"WER
COOrqANIZATION- This company was incorporated at Milwaukee In
August, 1900, with a nominal capital of $10,000 (since increased to
$1,000,000), for the purpose of uniting certain small properties in
the Fox River VaUey; wiU also form. It is thought, a link in a line
from Chicago to Green Bay, Wis. Secured control of the Fox River
VaUey Electric By. and the Appleton Electric Light & Power Co., and
has consolidated them.
Date.
interest. Outstanding. Maturity.
Stock 8e Bonds.—
Stock, $1,000,000 ($100)
$750,000
1st mortgage $3,000,000 ) 1901
5g. J-J
750,000 July 1, 1931
(^1,000), gold, no s. f..c* 5 Int. at Milwaukee Trust Co., Mil., trustee.
JSoMds.— Entire Issue may be called on any interest date at 110.
Road.— Operates 15 miles of track, oonneoting Neenah, Menasha,
Appleton and Kaukana, and 5 miles locally in the city of Appleton;
total 20 miles. Owns electrlc-lishting plantin Appleton.
Officers.— President John I. Begss. Milwaukee, Treasiu'er. Henry
D. Smith, 1st Nat. Bank buildinir, Appleton, Wis.—V.73, p. 186, 288.
MINNEAPOLIS, MINN.
T^WIN CITY RAPID TRANSIT-Cable
road.
and
eiecti-ic
Organization- Organized under the laws of the State of New Jersey,
June 3, 1891, and by virtue of its stock ownership of the underly
ing companies (to wit: The Minneapolis Street- Railway Co., The St.
Paul City Railway Co.. the Minneapolis Lyndale & Minnetonka Railway
Co. and the Minneapolis & St. Paul Suburban) controls and operates
theentire street railway system of Minneapolis, St. Paul and Stillwater.
Date.
Interest. Outstanding.
Maturity.
Stock & Bonds
Twi7i City Baj). Iran.—
Common stock,$17,= n
$16,511,000 Feb ,1903,114%
000,000; par, $100
5
Preferred stck, cvim >
1895
$3,000,000 ($100) 5
Minn. St. Ry. Co.—
1st M., g.,red. atl05. ? , aan
'^'^^"
yearly.
5
2d mort.,gold...c"&r 1883
7 Q.-J.
7g. M.-N.
6g.
M.-N.
3,000,000 Jan., 1903,1^
230,000 Nov.
600,000 Nov.
1.
1,
1910
1913
Ist consol. mort. gold,
c* 1889
$5,000,000
5g. J.7J-J.
4,150,000 Jan. 15,
Paul City Ry. Co.—
let M. onrealest'e and 1882
6g. A.-O.
224,000 Apr., 1,
horse-car iraneh .. Exchangeable at 105 for Ist consol.
Ist consol. M., gold.. 1884
6g. A.-O.
456,000 Oct. 1,
Cab. con., g., see text. 1887
5g. J. /J-J.
3,708,000 Jan. 15,
Minn. & St. Pant Sub.» y.
1919
8t.
i
1932
S
1934
1937
IstM.,
500,000 Sept. 1. 1924
5 g M - S.
and St ?iul City S ^^*- ^* ^^""^^ '^^'^^^ ^°' ^^ "^•' T^'^'^^^^Minn. St. <6 St. Paul Oily Ry.—
Joint issue e-en. mtge., $1,- > 1901 5 g J - J $1,000,000 Jan. 1, 1911
000,< 00 ($1,000) gold c 5 Int. payaole at Cent'l Tr. Co. N. Y., trust.
All bonds are lor $1,000 each, and with the exception of the Minn.
& St. Paul Sul). Ry. interest is payable at Farmers' Loan & Trust
Guar bv Twin'c?tv R ^1^99
T.
:
Companj', New York.
Siock—\n May, 1902, Stockholders were given the right to take
at par $1,501,000 additional stock, payable in Instalments, the last
Dec. 1, 1902. V 74, p. 1039.
Dividends— A.\\ dividends on preferred to and including Jan 1, 1903
(1\ per cent), have beeu paid. First dividend of 1 per cent, was paid
on the commou stock in August, 1899; in 1900, 3 per cent; In 1901.
3^ per cent; in 1902, Feb., 2 p. c; changed to quarterly and 14% paid
May, 1902 Aug., II4 p. c; Nov.,
p. c; In 1903, Feb., IM p. c.
Bonds.—The Minneapolis Street Railtvay Co. jointly and severally
with the Minneapolis l.,yndale <te Minnetonka Railway Co. has Issued
$5,000,000 5 per cent 30-year first mortgage and first consolidated
mortgage gold bonds, of which $850,000 are held In trust by the Farmers' Loan AiTrust Company to redeem the $850,000 prior lieu bonds. See
statement to N. Y. Stock Exchange in June, 1895. The consols are
;
m
London.— V. 60, p. 1149.
Paul City Railway Company has issued $4,388,000 5 per cent
50-year cable consolidated bonds (including $680,000 held by the
Farmers' Loan <fe Trust Compauy, trustee, to redeem the $680,000 prior
Under
lien bonds above) under a mortgage limited to $5,500,000.
the mortgage these bonds can only be issued agaiust the actual cash
also listed in
The
St.
cost of construction, under a mileage limit of $15,000 per mile. Part
olthese consols ($1,138,000 at latest date), are guaranteed, principal
and Interest, by endorsement of Twin City R. 'T. Co. See statement
Of tUe first
to N. Y Stock Exchange in June, 1895.— V. 60, p, 1150.
cons. mort. of the St. Paul City, $234,000 were hold Jan., 1902, oy the
Farmers Loan «S[ Trust Co., to be exchanged for the $22 4,000 first
mortgage bonds. The debentures which were duo May
all taken up by the company.
1,
1900, were
STKEET KAILWAYS.
The Minn St. By. <t St. Paul Oiiy By. mortgage of 1901 Is a Joint
issue of the Minneapolis Street Ry. and the St. Paul City Ry.
Road— Consists of 252-55 miles of standard-gauge road, inoluding two
interurban lines connecting the business centres of Minneapolis and
St. Paul, and an Interurban line of 22 miles connecting St. Paul and
Stillwater.
On the principal streets of the cities 80-lb. T raU with welded joints
and imbedded In concrete was used.
The company leases water power at St. Anthony's Falls (capacity 10,000 h. p.), which power is now used to run the entire railway
system in both cities. See V. 64, p. 704.
Annual Report— Fiscal year ends Dec. 31. Report for 1902 was In
V. 76, p. 431, showing results on the entire property as follows
1902.
$3,591,548
20,662
Receipts from passengers
Receipts from other sources
1900.
$2,814,205
25,150
Bonds— Ot the 1st mtge. gold holds, the balance unissued can
only be Issued for 66 per cent of actual eertitted cost of improvements or additions to property. Original mortgage provided
that bonds might be called in 1905 at 105,but through a supplemental
mortgage this redemption clause was eliminated, so oonds are not
now subject to call. Messrs. E. H. Gay & Co. placed the bonds.
Earnings— For year ending June 30, 1902: Gross, $89,761; net, $42,228; int. and taxes, $17,100; dlvs. (6%),$15,000: surplus, $10,128,
Dividends First dividend (3 per cent) was paid on Jan. 1, 1901. and
3 p. 0. was again paid In July. In 1902, 6 p. c. In 1903, Jan., 3 p. c.
Road Owns 1066 miles of road, connecting the cities of New London and Norwich, Conn.; under contract 2-84 miles: total, 13-50 miles;
laid with 60-lb T rails, and operating 6 closed and 8 open oars.
Officers President. W. A. Tucker, Boston; Treasurer. P. L, Saltonstall, 53 State St., Boston; Secretary, W. A. Briscoe, Norwich, Conn.—
V. 71, p. 182, 342; V. 73, p. 185.
—
—
—
$3,612,210 $3,173,976 $2,839,355
1,303,19« $1,212,252
$1,471,358
15,116
9,489
20,366
97,140
82,948
138,445
Total receipts
Operating expenses
Insurance
Injuries
1901.
$3,150,498
23,478
and damages
$1,630,169
Total operating
Neteamings
$1,304,689
$1,982,041 $1,758,524 $l,534,6fi6
$666,638
$624,325
$711,718
210.000
204,750
210,000
600,4'"'0
(3%)450,300
(5%)769,262 (4%)
Interest and taxes
Dividends on 7 p. o. pref. stock.
Dividends on common
$1,415,452
. . .
58
MOUNT HOLLY,
;
MOBILE, ALA.
MOBILE LIGHT &
RAILROAD-Trolley.
Organization— A consolidation on Sept. l, 1901, of the Mobile Light
& RR. and the Mobile Street RR.; the franchises of both con panies
were extended on Sept. 12, 1901, to March 12, 1955. See V. 73,p. 616.
Date, interest. Outstanding. Maturity.
Stock & Bonds—
$2,250,000'
400,000 June 1, 1937
800,000 Sept 1,1941
Consolidated moTtgage.goM 5
c'<Int. at S.Y Sec.& Tr. Co.,N.Y.,Trustee.
($1,000), $2,250,000
300,000 May 1, 1923
MobUeSt. RR. Ist mortgage, J 1893 6g.M-N
gold. $350,000
I Farmers' Loan & Trust. N. Y., Trustee.
Interest at Nat. City Bank, New York.
£ond$-Oi the $2,250,000 mortgage, $700,000 is for prior liens.
Road, Etc.— Owns 42 miles of track in MobUe and extensions to
Spring Hill, Whistler and Monroe Park. Company also owns " Monroe Park " and water power and 320 acres of land; also electric light
plant of capacity of 20,000 incandescent lamps and 130 arc lamps,
with power circuit and power house.
Officers— Pres. and Mgr., J. H. Wilson; Sec. and Treas., C. W. Chase.
—V. 61, p. 282 V. 72, p. 989, 1080; V. 73, p. 236, 287, 554, 616.
Stock, $2,250,000, par $100
1st mortgage, gold ($1,000)
1897
1901
5g. J-D
5g. M-8
c
BURLINGTON COUNTY TRACTION
Organization— Incorporated
Date,
Stock & Bonds.—
Stock, $225,000 ($100)
istmtee $225 000 eold
(*5^0
& $SoO.% &
>
'
r
oioUey
MONTGOMERY STREET
Montgomery purchased controlling
road.
a
In May, 1902, Richard Tillis of
Intereet'in this property. See V. 74, p. 1139.
Organization— A consolidation, Aug. l, 1894. Has a perpetual but
In 1901 purchased the West End Street
not exclusive franchise.
Ry. and also acquired the Montgomery Suburban St. Ry.
Maturity.
Stock. Bonds. Etc. Miles. Date, interest. Outstand'g
$290,000
Stock, $350,000
14-25
1923
1893 6g. F-A
290,000
Ist mortgage forj
$350,000, gold.. \ Interest at Farmers' L. & T., Trustee, N. Y. City.
bonds
unissued
may
sold
the
company's
discretion.
Bonds-The
be
at
Road— Owns 20 miles of trolley road, including the West End road. .
Officers.— Pres't, J W. Dimmick; Treas.. G. W. Craisr; Seo'y, J. T
Darling; Gen'l Manager, Raphael Semmes. V. 74, p. B81, 1139.
expire in
18,
In March, 1899. authority was received from the Dominion
Parliament to increase the stock to $10,000,000 from time to time. In
March, 1900, shareholders authorized the issue of $1,000,< 00 of the
new stock (making the amount outstanding $6,000,000) for betterments, new cars, etc. Shareholders were allowed to take the stock at
par. On June 20, 1901, purchased the Montreal Park & Island Ry. of 40
miles for $1,100,000, The purchase includes $967,000 bonds, 3,150
shares of pref stock and 4,289 shares of com. stock; of the com. stock,
$58,000 is still outstiinding. The purchase price was met by an issue
of new debenture bonds, as shown below.
Organization-
192'2.
.
Outstanding. Maturity.
$6,000,000 '01-2 10%
1888 5 M-S
292,000 Mar.l,'08
Int. at Bank of Montreal, London. Eng.
1893 4>s F-A - $681,333 Aug.1,'22
interest.
Stock. $10,000,000; par $50
SterUng debentures, secured <
/
by trust deed
Sterling debentures, secured <
(Int. at Bank of Monti-eal, London, Eng.
by trust deed
New deb., $1,50",000, golds 1902 4i2g.M-N $1,500,000 Nov.1,'22
c*
t Int. at Bank of Montreal, MontreaL
($100, $500 and $1,000).
Under trust deed of Aug. 10, 1893, the debenture 5s and the 4*ss of
1888 are of equal rank.
Report— Report for year in V. 75, p. 1029.
Oontuigtnt
Year end.
Balance,
Account.
8epl.30—
"Net.
Dividends.
Surolut.
Gross.
.
1902
1901
1900
$2,046 203
$700,966 t$100,000
649,251
50,000
1,769,904
647.246
50,000
$600,000
$966
47,S51
(10)551,700
(10)512,500
84.746
tThls represents a contribution of $100,000 to the
(10)
l,90«i,t>79
After charges.
insurance fund.
Road- Operates 108-32 miles of track.
OFFICERS— President. L. J. Forget; Vice-President, .lames Ross: Secretary and Treasurer, W. G. Ross Gen'l Mgr.. F. W. Wanklyn
V. 73,
p. 82, 957, 1059; V. 74, p. 630; V. 75, p. 1029.
"
lire
—
;
MONTVILLE, CONN.
MONTVILLE STREET RY.-A troUeyroad.
Organization— Incorporated in Conn, on Dec. 20, 1890. and began
operating on June 5, 1900. Supplies power for operating the Norwich Street Ry. Owns private right of way over a good part of line.
Date, interest. Omsiand'g.
Maturity.
Bonds
Stock
Stock, $300,000 ($100)
$250,000 Jan. .1903. 3%
let M., $350,000 ($1,000) ) 1900 5 g. M-N
250.000 May 1. 1920
gold(cannot be called) c* ) Int. at American Loan <& Trust Co.. Boston.
&
—
•
11, 1902.
Maturity.
$38,300
^^^^ 5 g. A&O
140.000
April 1, 1932
??t- at;security Trust Co., Camden, Trustee.
No s. f., and bonds cannot be called.
rails.
Officers.— Pres't.
& Treas., John S.
p.
I.
Vice-Pres.. Geo Brock; Sec'y
Bldg., Philadelphia.—V. 74
A. Sweleard;
Gilbert,
704 Land
Title
1138.
MUNCIE, IND.
MUNCIE
HARTFORD
& FORT WAYNE
R Y-—A trolley road.
Organization— Commenced operations Feb., 1903.
Date,
Ouistnnd'g.
interest.
Stock & Bonds—
Maturity.
Stock, $1,000,000 ($100)...
$750,000
Ist mortgage $750,000, ) 1903 5 g. J.-J.
750,000 Jan. 1. i93"3
gold ($1,000)
c<fer 5 Int. at Federal Trust Co., Cleve., Trustee.
Bo7id*—^o sinking funds, but bonds can be called after 10 yesirs at
105. $250,000 each of bonds and stock are reserved for extensions.
Road— Operates 30 miles of track, from Muncie to Shideler, R >yerton. Eaton. Hartford City, Molly and Mcntpelier. Standard gauge;
70 lb. T rail. Work will be begun in May, 1903, on an extension,
north 14 miles to Bluflfton. Owns power-house and park of 37 acres
at Eaton.
Officers— President, 8. M. Hexter, Cleveland; Vice-Pres., A. L.
Johnson, Muncie; Sec'y, F. M. Osborne, Cleveland: Treas,, J. C. Gilchrist, CJeveland; Manager, Louis Schleslnger, Muncie; Supt , Louis
Hexter, Cleveland.
,
MUSCATINE, IOWA.
CITIZENS' RY. &
LIGHT
Organization— Successor
in
CO.-Trolley and light.
1902 to the Muscatine Electric Ry.
the street railway, gas and electric properties in the city.
Owns all
Stock & Bonds—
Date,
interest.
Outstand'g.
Maturity.
Stock, $600,000
$600,000
1902 5g. A-O
300,000
Apr. i. 1917
Ist mort., $400,000, gold.
Int. at West. Reserve Trust Co.. Cleveland,
($500)
e*;
Trustee, or at Nat Bk. of Commerce, N, Y.
JSonrf.<.,— Are subject to call at 110 and interest on any interest date.
A sinking f imd of $15,000 per annum commences in 1907, wnich is to
be used to retire $15,000 bonds yearly at 105 and interest.
Annual Report— For calendar year 1902, gross, $89,865; net $29,954.
Road—Operates
8 miles of track.
Standard gauge.
Officers— President. L. W. Prior, Cleveland; Vice-President, M. A
Devitt, Chicago; Sec. and Treas., H. W. Huttig.— V. 67, p. 4 80; V. 68
p.
619; V. 74,
p.
1354.
_
MUSKEGON TRACTION & LIGHTING CO.
trolley
Date,
New Jelsey on .Feb.
interest. Outstanding.
MUSKEGON, MICH.
MONTREAL, CANADA.
road.
STREET RY.-A
MONTREAL
Chartered May
1861. Franchises
Stock and Bonds—
in
CO.
ROAD.- -10%, miles of track between Moorestown and Mount Holly,
whlch is under construction. Gauge, 5 ft. 60-lb. T and 78-lb. girder
;
MONTGOMERY,RY.-A
ALA.
J.
iToUey.
I
Total
$1,690,980 $1,477,038 $1,279,375
$255,i91
$281,486
Balance, surplus
$291,061
Officers—President, Thomas Lowry Vice-President, Secretary and
Treas., C. G. Goodrich; Auditor, E. S. Pattee; General Manager, W. J.
Hield. Fiscal Agents, J. Kennedy Tod <te Co., 45 Wall Street, N. Y.
V. 72. p 530,1137. 1189; V. 73, p. 186. 1209; V. 74. p. 323,777,
989, 1039, 1253; V. 75, p. 1033, 1202, 1255; V. 76, p. 431.
N.
ORQANIZATION-Incorporated in Michigan on March 1. 1901. and Is
a consolidation of the street railway, electric light and gas companies
of the city. Has ten-year contract from 1901 fcir city street light.
Date, interest. O'lUfmd'a. Maturity.
Stock
Bonds—
Stock, .$600,000 (.*100)
...
$600,000
500,000 Mar. 1,1931
First mortgage, $600,000,? \901 5 g. M-S
'^ Interest at Wyoming Valley Ti-ust Co.,
gold i^i.,uw).
goiu
($1 (foO) ..
)
&
WUkesbarre, Pa..
£o>id«- May be called after ten years at 105.
Report—
12 ino».
Gas
TotaL
Oper. exp.. inc
ending Mch.st.
Street raUway
Electric light
Ti-ustee.
Gross.
taxes n.im. ins.
Vet
$83,625
28,413
31,016
$56,066
17,787
18,989
$27,559
10,626
12,027
$143,054
$92,842
$50,212
Road.— Owns 15 miles of road and serves as a terminal for the Grand
Rapids Grand Haven & Muskegon Ry., which operates 40 miles of track
between points indicated in the title.
Officers.—President, F. A. Nims, Muskegon; Vice-Pres.. Liddon
Flick, WUkesbarre, Pa.; Sec. and Treas.. Theo. S. Barber, WUkesbarre;
Manager, S. A. Freshney, Muskegon.- V. 74, p. 937.
NASHVILLE, TENN.
NASHVILLE RAILWAY-A trolley system.
Organization—This was a consolidation in 1900 of the Nashville
Streei Railway, the Nashville & Suburban and the Citizens' Rapid Transit. All the stock of the Cumberland Electric Li^ht & Power is held by
the Baltimore Trust & Guar. Co. in trust for the bondholders of the
Nashville Ry. Includes all the street railways in Nashville.
Oharter Ooneetsions.—A.tteT a decision against the validity of the
consolidation of 1900. a new agreement was reached with the city In
Oct. 1902. See terms in V 75, p. 793.
Receivership— Jnua 21, 1901, J udge Clark in the U. S. Court at Chattanooga appointed Percy Warner and E. C. Lewis, receivers. In Aug.,
1901, R. Lancaster Williams and Fred. M. Colston of the bondholders'
committee, acting for a s\ndicate. purchased the share holdings of T.
Edward Hambleton and the Bait. Trust Guarantee Co. V. 73, p. 392.
Receivers have been paying up the past-due coupons on prior lien
bonds. In Nov.. 19o-/. it was announced that a majority of the stock
had been deposited with the International Trust Co. oi Baltimore, and
time extended to Dec. 1, 1902, for further deposits. Decree of foreclosure entered Nov. 11, 1901, but date of sale not yet fixed.
|
&
STREET RAILWAYS.
STREET EAILWAYS.
On Oct. 21, 1902, the liolders of certidcates (issued agaiust deposit of
confols) agreed to accept 80 per cent in cash (less bondholders committee's expenses; for iheir bonds from Messrs. Ladenburg, Thalmann
Sons of New Orleans. Fir^t
Co., of New York, and Isidore Newman
payment of $135 made Nov. 4, 1902; Unal payment in four months.
See V. 75, p. 907.
Outsland'g. Maturity.
InUrest.
Date.
Bonds—
Stock
$5,47n,000
Stock ($6,500,000 auth.)
60,000 Julyl,1910
6g. J-J
Citizens' Rapid Transit 1st i 1890
of Nor. Am., Philadelphia.
M., $100,000, gold.
( Int. at Trust Co.
&
&
&
1886
1887
1889
McG.&Mt.V.Sum'rSt.lstM.
Do 2d series
Do 2d mortgage
Nashville & Edgetield—
Consol.n.ort., $400,000...
6
6
6
JJ-
65,000
1926
485,000
1937
200,000 Oct. 1,1919
A-O
„ ,
,
,„„„
274,000 Jan.1,1920
975,000 Jan.1,1926
\
Feb.1,1950
2,300.000
)
w ^ n
xf
at Bait. Trust & Guar. Co.. Trustee,
b^Int^^^^IJ'Ifnn^-ilVnn^m.A
c*
$6,.500.000.
($1,000),
g.
^ ^jj^ Kountze Bros, 120 Broadway, N. Y.
6
Rece's cert.. 1902. $500.000
$525,000
Elec. Light Companies' tionds
Bonds— Of the Nashville St. Ry. consol. mortgage of 1895, $1,025,000
is in escrow to redeem underlying bonds.
Road— Operates 66-2 miles of track.
Earnings— Year endins Jnne30,1902, gross. $792,054; net. $339,600.
Officers- Prest Percv Warner; Sec. and Treas., N. P. Yeatn an.—
1889
6 J1895 5 g. J - J
1900 5g. F-A
^tSfoO^/o^rAo':
of.
1
-
,
V, 74, p. 1252; V. 75, p. 135. 498,79.^,907,
10:->2,
1354; V, 76, p. 102.
NEGAUNEE, MICH.
& ISHPEMING STREET RAILNECAUNEE
WAY & EI_ECTR1C-
Orqanization—Consolidation of the Negaunee & Ishpemlng Street
Railroad Co., the Negaunee Electric Light Co. and the Ishpemlng Electric & Gas Co. Capital stock antliorized, $150,000, of which $«.000 in
treasury; no bonded debt. Dividends, 4 per cent. Owns 4^2 miles of
track and an electric lighting x)lant.
Officers— Presi lent, Sam'l Mitchell; Vice-President, F. Braastad
Secretary and Treasurer, A. B. Miner.
NETHERLANDS (HOLLAND).
CORPORANETHERLANDS TRAMWAYS
Map on page
TION.— Eleetno and horse,
oi.)
(^oee
in Connecticut in December, 1P02.
Controls, through the o-wnerfbip of a large majority of its capital
stock (600,000 guilders), the Eerste Nederlaudsche Eltctrieche Tram
Mai8chai)py, which owns all of the street railways in the city of
Haarlem, Holland; 26 miles of which are horse and the balance, 12-6
miles, including the lino to Zand voort, on the North Sea, the second
The horse line is to be
largest Dutch seaside resort, are electric
electrically equipped and other improveuients and extensions made.
The Netherlanos Tramways Corporation also owns the entire capital
stock of the Electrische Spoorweg Maatschappv. which owns the
franchises and has recently let contrac s for building a double-tr.ack
electric ra Iroad from the center of Amsterdam to Haarlem, a distance of about 12 miles. The bond issue of this company, 3.000,000
fuildert<, 4% ($1,200,000). was all placed and is ownea in Holland
ts stock has been fully subscribed at par by the Netherlands Tramways Corporation, the present owner of the stock, and the cost of the
real estate, franchises and construction of double-track road from
Haarlem to Amsterdam has been partly raised by the sale of the company's bonds above mentioned and partly by sale of its stock to the
Netherlands Tramways Corporation.
Maturity
Daie. Inlertsl. 0ul8iandi> g.
Stock & Bonds—
$2,000,000
Common, $2,001 ,000 ($ 00)
Pref, 5 p o., cum., $1,500, /
1,500,000
000 ($100)
s
Eleo. Spoor. Maatsohappy j
3,000,000
Jan. 1,1953
gull. > 1903
4 J-J
OrQanization- Incorporated
3,000,000
guilders I
(1,200,000), 1,000 gull. )
Bonrf'' - Bonds are subject to call after December. 190.=>. at par.
There Is also a f ai ded debt of 695,000 guilders ($2 '8,000) on th«
ratge.,
city and suburban lines.
FjQi^O—Owns 6 8 miles in City of Haarlem;! -8 miles, Haarlem to
Bloemendaal and 6 6 miles trom Haarlem to Zandvoort; total, l'>2
miles. An extension frou. Haarlem to Amsterdam. 12 miles of double
track, or 24 miles single track, is under construction.
Haarlem
Officers— President, Henry J. Pierce; Vice-Pres..Q L Boissevain;
Treasurer, Edwin Hendoisou; Fisc il
Secretary, W. Pax ton Little
agents, Kean, Van Cortlandt & Co., New York.— /. I'd. p. 33 1.
Organization, Etc.— Stock, $150,000; ist mort., $150,000, dated
1895, gold, c* (*1,000 each), 58 A-O, issued $90,000, due April 1, 1915,
trustee. International Trust Co.. Boston, where interest is payable.
Dividends— 8 p. c. for several years. In 1903, 1'eb., 2 p. c.
Road -connects cities of Fall River and New Bedford. Owns 9-84
miles of track and operates in all 18-91 miles of main track.
Earnings— Fiscal year ending Sept. 30, 1902, gross, $132,990; net,
$36,607; int. and tHxes, $14,149; dividends, $12,000; suri>lus, $458.
President. H. H. Crapo of New Bedford; Treasurer, E. S. Wilde, New
Bedford; Secretary, Robt. si. Goff, Fall River.
BEDFORD & ONSET STREET
TSfEW
NE^V ALBANY,
Organization incorporated in Massachusetts in 1901.
pany is owned in the same interest as the Union Ry. Co.
Stock
&
Bonds—
Stock, $500,000.
i=+„,«,.t,r.><r«.
IND.
,
&
Power Co.. New Albany Water Co.. Indiana Water
l.ight. Heat
Co., Jeflersonville Electric Light, Heating, Gas 4 Coke Co. and JefferAl
son ville Light <fe Watt-r Co also controls the Jeffersonville
Srllersbu-K Electric Ry. Franchises 45 years in New Albany
bany
New
;
&
and 30 years in Jeffersonville from 1902.
Date.
lHtere»t.
StoO" & Bonds—
Stock, $1,000,000, $100
Outtnnding
Maturity
$1.000,i.OQ
See text.
600,000
i»f^/^,<.,o„^ a!-7 Afirtn C 1902 5 g. J J.
Savings B'k.
Interest at American Trust
^' \
^*'„Th
,«i Ann!
c
gold (!t.i,uou)
^eh1c,Tru.stte. and at Eliot Nat. B'k, Boston.
Bonds— Bn&B mature serially trom 1907 to 1935, but may be called
after July 1, 1912, at 105 and interest.
B.
Officers— President, Samuel IrsuU, Chicago; Vice-Pres,
Hummer, La Salle, 111.; Sec. and Treas.. R. W. Waite; Bupt., J. W. Dunbar. V. 74, p 1246; V. 75. p 347, 1401.
'
Dale,
$300 000
280 000 Jan.
$100
«=;nnnnn
1902
(
Maturity.
Outsiand'g.
interest.
This com-
5g. J-J
1, lfl22
Boston. Trustee.
No sinking fund and not subject to call.
Road- Owns 21*42 miles of track on 16 miles of road between Fairhaven and Onset.
EARNINGS-For year ending Sept. 30, 1902. gro-ss, $69,254; net,
$15,V03; interest and tixes, $21,148; i!etlcit,$5,Vt45.
Officials— President, H. H. Crapo: Vice-President, Thos. B. Tripp
Secretary. Clarence A. Cook; Treasurer, Elton S. Wilde: Manager, E
^®i^^
goia
,li ?.n.f.
(it.i,uuu)
\
^
'
'
int. at International Tr. Co..
E. trotter.— V. 74, p. o27.
UNION STREET
RAILVv''AY-A trolley road.
OrgANIZAT;on — incorporated March 18, 1887. Has applied to RR.
Commissioners for authority to issue $300,000 additional stock.
—
&
Date.
interest.
Ouisland'g. Last div., etc.
Bonds
Stock
Stock,$9(>0.000(par$100)
Q-F $^00.000 In '01-02.8%
Consol. M. tor $500,000, < 1894
400,000 Jan. 2, 1914
5gJ-J
g., s. f., not sub), to call ( Int. at Old Colony Trust Co., Boston, trustee.
Dividends— In 1896-97, 10 p. c.; in 1897-8, 6 p. c; In 1898-99, 8 p. 0.;
in '99 00, 8 p. c.; in '00-01, 8 p. c; in '0102, 8 p c.
Road— On Sept. 30, 1902, owned 30 6 miles of track.
Earnings— For years ending Sept. 30.
1901.
1902.
1901.
1902.
Gross earns... $329,163 $272,859 Dividends paid.. $48,000 $48,000
Net
125.768
102,528 Bal.,sur., for year 22,380
9,525
Int.,taxes,etc.
55,388
45,()03
Officers— Pres , H. H. Crapo; Vice-Pres, Thos. B. Tripp; Sec,
C. A. Cook; Treas.. E S. Wilde; Supt.. E. E. Potter, aU of New Bedfora.— V. 63, p. 1061; V. 70, p. 947, 1050; V. 75, p. 1088.
I
|
i
|
NEW BRUNSWICK,
N.
J.
MIDDLESEX & SOMERSET TRACTION CO.
—A trolley roa
d.
Organization— Incorporated at Trenton, N. J., in Feb.. 1900, as a
consolidation of the Brunswick Trdotion Co., New Brunswick City Ry.
and the N. Y. & Philadelphia Traction Co.
Date, interest. Outstand'i/.
Maturity.
Stock & Bonds—
Stock, $1,500 000
$1,500,000
Brunswick Traction mtg.,g. ) 1896 5g. J-J
.500,000 July 1. '26
($1 000),o* cannot be called 5 Fidelity Trust Co. of Newark, Trustee.
Middlesex&SomersetTrac, > 1900 5 g.J J $1,000,000 Jan. 1,1950
g.,$l,000,M..$l, 500,000.^0 5 Int. at Fidelity Tr Co., Newark,Trustee.
Bonds.— Ot the newmtge. 5s of 1900 ifSOO.OOO are re.<erved to retire
the Brunswick Traction gold 58, due July 1, 1926. New bonds cannot
be called before maturity.
Road— Comprises 51 miles of track covering territory in and around
New Brunswick: Bound Brook division running from ""Jew Brunswick
to Raritan through Bound Brook. Finderne and Somerville; also
through Lincoln to Dunellen. connecting with Plaiutield, Elizabeth
and New York, in all aiiont 20 miles of track: thi-ougii Bonhampton
tn Metuchen, 8 miles, also to South Amboy, through Milltown, South
River and -Sayreville. lo miles of track.
EARMNGS-For ca endar year 1902 gross, $180,681 net, $31,553.
Officers— President, Gottfried Krueger, Newark. N. J.: Vice-Presrtent, Andrew H. Radel. Bridgeport, Conu.; Sec'v aiid Treas., Edward
H. Kadel. New Brunswick. N. J.; Gen. Man.. Thos. K. Walsh; Supt.,
/as. Buttler.- V. 63. p. 29; V. 70. p. 229, 230, 382, 532.
;
NEW HAVEN,
CONN.
FAIR HAVEN &^^/"ESTVILLE RR.-AtroUeyroad.
COOrganization— Incorporated in Indiana in 1902 '.ind acquired the
New Albany Street Ry.. New Albany Gaslight & Coke Co New Al
bany
RY.-A
trolley road.
;
UNITED GAS & ELECTRIC
55
&
Wm
ORQaniza noN— Incorporated June 30. 1^60.- V. 64. p. 134. OnNov.
1898. the New Haven Street Railway was purchaeed and consolidated with the F. H.
W. V 67, p. 843, 9.55.
In May, 1900, obtained control of the New England St. Ry., which
In turn controlled the Winchester Ave. RR. In June. 1902, absorbed
the Winchester A^e. RR. by exchange of stock, share for share. This
I.
<te
gives the Fair Haven & Westville all the street railway lines in New
Haven, as well as an extensive system to surrounding localities.
Par. Divid's. Oiitsland'g.
Maturity.
Stock and Bonds—
Stock auth. ($5,000,000)
$25 Q-Jan. $4,426,550 Jan., 1903, 1 >4
N.H.&CentervineJ_stM,.(
go.,as8um'dbyF.F.&W.
iggs 5 g M-S
283,000
Sept. 1, 1933
600,000
Sept. 1, 1913
,
New Haven Street Ry.—
Ist mort., gold ($600,000)..
$500 and $1,000
1893 5g.
J
M-S
Int. at trustee.
1894 5
Am.
J-D
L.
&
Tr. Co., Boston.
250,000 June
1, 1913
Boston
5<ocfc.— Stock was increased in November, 1898, from $900,000
to $2,000,000, to pay a dividend of 100 per cent in stock and
to meet part of purchase price of New Haven Street Railway, and in
Oct., 1899, was increased to $2,500,000 to retire the $500,000
l8tpureh'eM.$2.50,000g..c.
$l,000not
subj. to call...
)
S
Int. attrustee.
Am.
L.
&
Tr. Co.,
SOUTH INDIANA INTERURBAN RY.— To be a trblley road.
Organization— Incorporated in Indiana in 1902 as successor to the one-j"ear notes issued to effect the purchase. In October. 1901, was
Jeffersonville New Albany & Sellersiiurg Elect. Ry. (with capital of Increased to $3,000,000 for the puipose of clearing off" Its floating
$350, 000>, which was bnildlnsc an electric line of 7 miles to connect debt and to build an extension to Derby (V. 73. p. 82); in June,
The Interurban Co. in Dec, ivt02, 1902, was increased to *3,790,400 in taking over the Winchester Ave.
the points named in its title.
made a temi^cary mortgage of $350,000 5 per cent bonds pendlug llR. stock, and in October, 1902, was increased to $4,426,100.
the general reorganiz ttion of the company. V. 75, p. 1401. ColDividends.— On April 1, 1899, IH o c: July \,1H Pc: Oct.l, 1^4 p.c;
troUed by the ^ame interests as tbe United Gas & Elect. Co.
In 1900, 5 p. c; in liiOl, 5 p. e.; in 1902, 5 p. c; in 1903, Jan., II4 p. 0.
Road— In Jan., 1903, consisted (not including New England Street
trolley road.
Railway or the Winchester Avenue) of about 71 miles of track, emOrganization— Incorporated in 1895. Succeeded on December 1, bracing following lines Old F. H. & W., 20 miles, extending from
Fair Haven via Chapel Street, New Haven, to We.stvlUe, with branches
1895, New Albany Highland RR., sold in foreclosure.
(1)
HIGHLAND RAILROAD.-A
:
Ist mortgage. .$75,000. incomes for 5 years, dated
J. & J., issued $56,000, due January 1, 1921.
Road— Two miles of track.
Officers— President, Henry Terstegge; Vice-President, John H.
Stock $25,000.
1896, 5 per cent,
Shrader. jr.; Secretary and Treasurer. Frank H.
Oohmann.
NE\V BEDFORD, MASS.
DARTMOUTH & ^WESTPORT STREET RY.An
electric road.
steamboat wharf, out East Chajiel Street, to railroad station, etc.;
New Haven & North Haven Street Railway, 2-2 miles; New Haven <Sc
Centrevllle, 7^^ miles; former New Haven Street Railway lines, aggregating about 41 miles, and ra<liating from the business centre of New
Haven ("The Green") to East Rock Park, Fort Hale Park, the old
Government Light house and the Point, and the adjacent bathing
beach. Lake Whitney, the suburban villages of Morris Cove. Whitneyville. East Haven, Centrevllle and West\Tlle; also to Mt. Carmel,
Cosey Beach and Manstleld's Grove. With the absorption of the
Winchester Ave. RR. total track Is 95 miles. Operates 213 oars, 3
work cars, 8 snow plows and 5 sweepers.
to
'
STREET RAILWAYS.
66
Earnings— For years ending June 30 earnings (on 71
miles)
were at
follows
1901.
1902.
1901.
1902.
I
$137,500 $125,000
•$98G.334 $644,527 Dividends
57,737
62,511
261,201 264,454 Interest
Net
36,653
48,758
40,290 Balance, surp. 17,206
Taxes
•The figures for the Winchester Ave. BR, are Included in the gross
earnings but not in the net or charges.
Gross
'
I
I
Officers—President, Jas. S. Hemingway; Vice-Prea., John B. Carrlngton: Sec. and Treas., Leverett Candee.— V. 73, p. 32, 82; V. 74, p.
883, 987; V. 74, p. 77; V. 75, p. 342.
(1) WINCHESTER AVENUE RAILROAD—A troUey road.
In June, 1902, was absorbed by the Fair Haven & Westvllle RR by
exchange of stock, share for share.
Maluri'v.
Interest. Outstanding.
RrncK A- Bonds
Nov. 1, 1912
5g.M,-N.
$500,000
1 .AC
,^iQQo „*^.5
^T^
M.goldl89-J..c
1st
j Interest at Safe Dep. & Trust Co. in Boston.
Bonds—The bonds are joint obligations of the Winchester Avenue
RR. Co. and the New Haven & West Haven and cover all property
owned or to be hereafter acquired under the charters.
"^ Road— Operates 24-44 miles of track, of which 19*95 owned.
Its
lines extend to Union Depot, Savin Rock, City Point, Evergreen Cemetery out Congress Ave. to Boulevard also Crosstown line to Read
Street. Leases West Shore Ry.—which see.
£!quip7nent— 85 cars, 3 express cars, 3 work cars, 4 snow plows and
1 sweeper; total, 96.
Annual Report—For years ending June 30: In 1902, gross, $267,789; net, $87,239; interest and rentals, $37,704; taxes, $17,951; dividends, $40,000; deficit, $8,416.
—
;
(-<)
WEST SHORE RAILWAY—A trolley road.
Organization— From Dec, 1895, road was leased for 99 years to
Winchester Avenue RR.; {dividends of 5 per cent guaranteed.
Stock & Bonds— Miles. Date, interest. Outstanding. Maturity.
$80,000f.p. 5%div. guar.
Stock, $200,000 ($25)
5
July 1, 1914
Ist M., $30,000, gold, ) 3-9 1894 5 J-J
30,000
subject to call
\ Interest at Merchants' Nat. Bank, New Haven.
Road— Owns road 3-9 miles n length, extending from Savin Rock to
Woodmont in the towns of Orange and Mllf ord. Also has trackage over
Winchester Avenue Line to centre of New Haven. RaUs T, 60 lbs.
NEW ENOLAND STREET RAILWAY.
Disposed of its holdings of thestookof the Winchester Avenue RR.
to the Fair Haven & Westvllle, and is shortly to be liquidated.
Last Div.
Par, Dividend. Outstanding.
Stock.—
Apr., 1900,%
$25 text Q.- J. $1,106,925
Officers— Vice-Pres., Samuel Hemingway; Sec. and Treas., A. E.
^tuthorizld.'!^.^^:^!'.^!
Pond, Boston, Mass.
V. 71, p. 84, 237.
LONDON, CONN.
troUey
NE^A^
NEW LONDON STREET
March
Organization—
Stock
&
Bonds—
RY-A
road.
188S. Perpetual franchise.
int. Outstand'g.
Last div., etc.
Incorporated
7,
Miles. Date.
Stock^(^500,000auth.))
J- J $250,000
Jan., 1903, 2 V/o
140,000
Oct. 1, 1923
Ist M.,$150,bo6; gold" 718 1893 5gA-0
Interest and dividends are payable at American Loan & Trust Co..
Boston. Of the mortgage for $150,000the balance unissued is reserved
to be applied under laws of Connecticut for new property, as needed,
at not exceeding 75 per cent of its cost.
Dividends July, 1894, '2'^ p. c; in 1895, 6 p. c; in 1896, 7 p. c; In
1897, 7 p. c; in 1898, 7 p. c; in 1899. 5 p. c; in 1900, 4 p. c; in
1901, 4 p. c; in 1902, 5 p. c; In 1903, Jan., 2^ p. c.
Road Owns 8*07 miles of road (single track) laid with 48-lb. T rails.
Operates 25 cars and 2 snow plows; standard gauge.
Latest Earnings— 6 mos.,) 1902.... Gross, $4 •^,495; net, $16,009
July 1 to Dec. 31.
43,651; net, 19,059
5 1901.... Gross,
Annual Report— For years ending June 30: In 1902, gross, $71,755; net, $31,740; interest and taxes, $11,200; dividends (5%), $12,500; surplus, $8,040.
—
—
Officers President and Secretary, Walter Learned, New London;
Treasurer, William A, Tucker, Boston; Superintendent and Purchasing
Agent, Lorenzo Bentley.— V. 61, p. 611; V. 62, p. 684: V. 74, p. 94.
NEWaOULDSBORO
ORLEANS, LA.
ALOIERS
& ORETNAmUes with animal power.
$25,000: bonds
RoaD^3'75
Capital stock,
$25,000. Prest., Treas.
& Supt.,
A. M.
H alliday:
Mgr ,A.Roupuoh.
CO.-Bailway and
Gen.
NEW^ ORLEANS RAILWAYS
lighting system.
Organization— Incorporated under New .lersev laws on .Tan. 28,
1902, with $5,000,000 capital stock, an<l on Airill, 1902, took over
underlease (V. 73, p, 1356.) the New Orleans City RR. Co. In May,
1902, capital stock was increased i'> $40,000,000 and a new mortsr-jse
for $40,000,000 created to provide for the acquisition and consolidation of the New Orleans City RK., N w Orlenns
«'arroUtori HR.
Power Co., Orleans RR., St. Charlei Htreet RK., New Orleans
Lliiht
Gas Light Co., New Orleans Liglitins; Co., Edison Electri Co. and
Mercliants' Electric Co., comprising practically all the street railw y
and lighting interests of New Orleans. For terms of exchange see V.
74, p. 988, 1089, 1139. The Now York Security & Trust Co. arransed
and carried through the consolidation. The St. Charles Street RR. was
acquired on terms civen in V. 75, p. 290. Has also acquired the
rights and franchises of the N. O & Pontchartrain Ry. V. IS, p. 290.
jfor reference to mun'cii>al lighting plant proposed by ciii.seeV.
7f>, p 442, 7a3.
Provision was made for snfflcient securities to take up aU the con-
&
&
«
stituent companies and all their bonds which can now betrettred. Such
of the bonds of the constituent conix)anie8 as cannot be retired at
present appear in the tuMe below.
Strike.- Tha eomiiany sutftred from a strike of Its employes from
Sept. 28 to Oct. 12, 1902.
Date.
Interest. O^ilsland'g.
Maturity.
Bonos—
Stock
Com., $30,000,000 ($100)
$22,246,200
Ff., 4»b.cuni.,$10,000,000
..
6,123,100
($100)
N. O. Rys. Co. mort., $40,- 1902 4i«g.,T.-J. 12,246,200 July 1, 1952
N.
Y.
Int.
at
Sec.
Trust, N. Y., Trustee;
000,001) gold. 8. f. ($100,
also at 4 New Orleans banks.
c*&r
$500, $1,000);
4-5 g.
1898
3,200,000 July 1, 1943
N. O. City gen. mortgage, Int.at
4 p. c. for 5 yrs and 5 p c. thereafter,
«V"9'^n oor."irnirt""^"'^"'
i
nsd,.iou,uuu,
goia
Louisiana
payable
at
Nat Bank.
^
6 J-D
New on. City RR.,l8t M. 1879
398,500
-C. 1, 1903
&
&
New Orleans
&I
Ike
«^^nnn rmn
Citv
M TS*„'';."
ini^*=;nA
goin,
c
!t>DUU <so
^Z
)
(
f
J
^^^^
5gJ-J
D
Jan. 1, 1943
Sub. to call for s.f. on & aft.July 1.'98 at 110
Trustee, Columbia FinancoA Tr.Co.,Loulsv.
/,t<. payable at New Orleans Nat. Bank.
6F-A
2,601,500
N. O. ACar.lst mortgage.. 1882
95.000
1906
Interest at Hibernla Nat. Bank, N. O.
Stock
&
Bonds—
Date,
interest.
Outstand'g.
Maturity.
1905
$350,000
Interest at Hibernia Nat. Bank, N. O. 1906
1907
Do consol. M., $2,000,000) 1899 5 J- J
1,555,000
Feb 1933
and
$1.000)
Interest
at
office
r$500
of company.
$
°
749,000
May 1, 1946
consol M^''l^°«800 000^ 1896 6 g. M-N
0^
r$500 & $1,000) ... ,Sl^*^^®^*^*N®^<^''l®^'a8
EdisonEIec. of N.d.'lstM. ) 1899
5 J-J -2,500,000
Jan. 2, 1929
($l,000)s.f., $2, 500,000 c* S Amer. Loan & Trust, Boston, trustee.
Mereh'ts Eleo. Co. 1st M., ) 1899
5 g. J-J
300,000
July 1, 1929
$500,000. gold ($500) c* \ Merchants' Loan & Trust Co., Chicago,Tru8.
New Orleans Gas L. Co
7«,000
r$46,000 can be retired April. 1903, and $30,000 April, 1908.]
OrleansRR.
rleansRR. mort.,
mort.. $300,-)
$300,- ( tqqb;
iqok
,^
j_j
^^•'^
300,000
1912
000, gold
c.
N. O.
& Car.
2d M., gold. ...1893
6F-A
\
1sr.'M'"™''5 «»-« ,.^&i-L .«rir„paS°-
' "=^
Bonds— Ot the New Orleans & Carrollton consol. bonds $535,000 are
reserved to retire a like amount of old Ist and 2d 6s. The Merchants'
Electric Co. bonds are suVsject to call at par at any time. A sinking
fund of $1(',000 per annum is provided for redemption of Orleans KR.
bonds. The St. Charles St. Ry. bonds are not subiect to call, but a proportionate amount will be retired vearly by purchase in open market.
Of the $40,000,000 mort. of the New Orleans Railways Co. $12,846,000 are reserved for prior liens and $7,154,000 for future extensions
and improvements. The stock and bonds acquired withtheissue of tht»
new bonds are to be deposited as security for same. A sutkifigfunci of
^ p. 0. per annum of outstanding "bonds commences July 1, lv»09, and
runs for 20 years; thereafter, until maturity. 1 p. c. of outstanding
bonds. Said fund is to be used in purchasing the bonds at not exceeding 105 and Interest.
Voting Trnst -Htock is to be held for fl.ve years La a voting trust to
control management of property.
Road— Companies controlled operate about 178 miles of track.
Earnings— For 1902 are not yet available, owing to special audit of
accounts now taking place.
Officers— Pi'est.. H. H. Pearson jr.; Vioe-PreBt., Charles H. Ledlie,
St. Louis; 2d Vice-Prest. Joseph H. De Grang*'; Treas., F. J. Home;
Sec, Theo. F. Lozier; Gen. Man John G. Woods, New Orleans.— V. 75,
p. 30, 135, 185, 290, 442, 733, 849, 1354.
,
NEV/ PHILADELPHIA, OHIO.
TTJSCARAV/AS TRACTION-A trolley road.
Organization— IncorporatHd Dec. 1901. and on Jan 1, 1902, absorbed the Tuscarawas RR. and the Tuscarawas Electric Co. Is controlled by the Pomeroy Syndicate of Cleveland.
Date.
interest.
Outstand'g.
Maturity.
Stock and Bonds
Stock. $350,000 ($100)
$250,000 Jan.,1903, %%
M.,
1st
1901
none
5
Dec. 1, 1921
g.. $350,000
Tu8.RR.lstM.,*100,-51896
6 g. .T-D
100.000
June 1, 1916
gold...
($500).
Cleveland
Cleve.,
000,
lint, at
Tr. Co
O., Trustee.
Tus. Eleo. Co. Ist
100,000
Stock and Bonds— Ot the $350,000 new 1st mortgage, $200,000 are
reserved to take up prior liens when they mattre.
Dividends.—In 1902, 2 p. c; in 1903. Jan., ^p. c.
Road.— Owns and operates 14 miles of track from New Philadelphia
to Uhrichsville, Ohio, and from New Philadelphia to Canal Dover.
Officers.- President, F. T. Pomeroy, Cleveland; Vice-Pres., J. A.
Rutherford. Cleveland; Sec'y, J O. WUson; Treas. & Gen. Mgr., Wm.
Aklns, New Philadelphia. V. 73. p. 1209, 1265; V. 74, p. 96.
—
.
M
NEAV YORK CITY, N. Y.
MANHATTAN R Y—See Investors' Supplement.
METROPOLITAN SECURITIES COMPANY.
Incorporated under the Business Corporation Law of New York on
February 14, 1902. with a capital of $30,000,000. It holds the stock
of the Interurban Street Rwy.. which in turn leases the Metropolitan
V. 74, p. 379.
street Railway Co.
Also owns all the stock of the
Traction
People's
Co.
and the New York Westchester &
Connecticut.
The powers of the company are very broad
and allow it to acquire the securities of corporations of
New York State or any other State, "including corporations
which own, operate or lease, or which are organized for the purpose
of constructing, owning, operating or leasing street surface railroads,
elevated railroads, rapid transit railroads, underground railroads,
tunnels, bridges, tunnel railroads, railway terminals, or railroads of
any character or description in the City of New York or its suburbs,
or in territory adjacent thereto, and corporations engaged in furnish
ing or organized to furnish electricity for any lawful purpose, or
power in any form, for use upon, or which may be used upon, street
railroads or other railroads," etc. Also "to purchase, acquire, hold
ana dispose of the stocks, bonds and other evidences of indebtedness
of .iny corporation, domestic or foreign, and issue in exchange therefor its stock, bonds or other obligations." The duration of the corporation is to be a thousand years. The directors need not be stockholders unless the by-laws of the company shall so require.
Date. Bate. Outstanding.
Lost div.
Stock Authorized
Stock, $30,000,000 (par $100)
$25 paid In
Directors— William H. Baldwin, Jr., Edward J. Berwlnd, Paul D.
Cravath, Thos P. Fowler, George G. Haven. James H. Hyde, Augustus
D. Juilliard, Mortimer L. Schitf.— V. 74, p. 379, 427, 630, 776.
—
(1)
INTERURBAN STREET
RY.
This company was Incorporated in New York in 1901, with a capital
of $500,000, and was then understood to have taken a 999-year lease
of the People's Traction Co., which had the right to build an extensive
system of trolley Hues in the Borough of the Bronx and was to build
some fifty miles outside the city limits in connection with the New
Connecticut Traction < o. Under the arrange
York Westchester
ment for flnancins the needs of the Metropolitan Street Ry., tha
stock was in February, 1902. Increased to $20,000,000, all of which
was taken by the Metropolitan Securities Co. The latter company
paid $23,000,000 cash into the treasury of the Interurban Co., "receiving In return stock of the Interurban at par and debentures
bearing Interest at a rate not exceeding 4%." V. 74, p. 379. The Securities Co. Is also to acquire all future Issues of stock or securities of
the Interurban Co. The $23,000,000 of cash received by the Interurban was paid over to the Metropolitan Street Ry. Co., which latter in
payment turned over $11,000,000 Metropolitan St. Ry. Refunding 4s
(Since disposed of) and certain securities "liberated by the payment; of
the unfunded debt and other assets now almost entirely unproductive." The list of securities Is understood to Include $8,000,0o0 of
Third Avenue RR. stock. The Interurban Co. has also leased the Metropolitan Street Ry. for 999 years from Feb. 14, 1902, for 7 per cent
per annum on Its stock.
&
STREET EAILWAYS.
Dividtnda or
Stock and Bonds—
Date.
Bate.
Outstanding,
maturity.
Stock, anthori'd $i20,000,000
par. $100
$20,000,000
5
None Feb.l.'OS
Debentures
The debentures will be simply a temporary loan, to be taken up later
with either stock or cash.
Officers— t'resident, H. H.Vreeland; Vice Pres., D. B. Hasbrouck;
Secretary and Treas'r, C. E. Warren; Auditor, D. C, Mooreliead; Furcli.
Agent, A. C. TuUy. Oireciors—Vfrn. H. Baldwin Jr., Edward J. Berwmd, Paul D. Cravatb, Thos. P. Fowler, Geo G. Haven, Mortimer L.
Scliiff, Edward W. Sayre. H. H. Vreeland and Chas. E. Warren.— V. 73,
Lease and New Fmuneial arrangements.— \n February, 1902, arrangements were cariied out (as narrated above In the remarks concerning the Metropolitan SecurUie.> Co. and the Interurban 8t. Ky.
Co.) for meeting the company's financial needs, and on Feb. 14, 1902.
a lease was made of the Metropolitan St. Ry. lor 7 per cent on its
stock to the Interurban St. Ky Company for 999 years. V. 74, p. 379.
The Metri)politan street By. received approximately $23,000,000 to
liquidate the unpaid remainder of the floatlug debt incurred in the
l>urchaae of the stock of the Third Avenue KR. Co. and "to defray t4ie
expense ot extending the electrical system to upwards of 80 miles of
Metropolitan lines still operated with horse cars." In payment the
Metropolitan turned over $11,000,000 of its new Refunding 48 and
certain securities and other assets in the Metropolitan ISt. Ry. treasury, including, itls understood, $8,t00,0U0 of Third Avenue KK. stock.
Metropolitan St. Ry. stockholders were given the right to subsorioe
for .$23,400,000 stock of the new Metropolitan Securxttts Co.
As part of the general plan, the Metropolitan St. Ry. at the same
time created a new mortgage for $65,000,000, $11,000,000, being for
iiumediate issue and going to the Interurban St. By., the rest being re
served to retire prior liens.
Organization— Organized on Nov. 12. 1895, and by consolidation,
lease and otherwise has acquired control of practically aU the street
railways of Manhattan Island except the M'anhattan Elevated.
The Metropolitan Street Ry. nas absorbed by consolidation the
following companies, embracing the •' lines owned."
In 1894 AND 1895—
In 1893—
Houst.
West
St.
& Pavonia
Ferry.
Metropolitan Crosstown.
Lexington Ave. & Pav. Ferry.
Chambers St. iStGraad St. Kerry.
Columbus & uth Ave. RR.
Broadway Railway.
South Ferry RR.
Has also acquired the following by lease or stock ownership:
Nlntb Avenue RR.
BleeckerSt.& Fulton Ferry,
Second Avenue RR.
Brcmdway & '/th Avenue
Central Cross Town, Including Chris- Sixtli Avenue RK.
Third
Avenue RR (a)
ICth
St. (a)
topher and
Thirty-fourth St. Cross Town, (a)
Central Park North & East River.
Twenty-elBhih & Twentj-nlnth
Kientn Avenue RR.
Cross Town (a>
Forty-second St. & Grand St. Ferry.
Twenty-third St. Ry.
Fulto-. St, RR. (a)
—
*
May
These bonds, maturing on
politan Crosstown,
and up
all held by the Metrohad not been taken up
1900, are
1,
to Nov., 1902,
Dividends—Tlie dividends paid have been as follows, those j)rior to
1898 having been paid on the Metropolitan Traction Stock, which was
Increased in 1892, irom $20,000,000 to $30,000,000, and in October,
was exchanged dollar
Year- ) 1892. '93. '94.
for dollar for stock of Street
1897,
55557
'95. '96.
'97.
'98.
'99.
Railway Co.:
77
1900.
'01.
'02.
None.
Percent. 5 3
5
7
In October, 1897, a distribution of 20 per cent in debentm-e certificates (oaid off Oct. 15, 1898) was made to Traction stockholders. (V.
65, p. 620.)
Bonits The Lexington Avenue <£ Pavonia Ferry ;s and Columbus d: If inth Avenue jsvr&ce fully described In V. 60, p. 1146. Both
were guaranteed and later assumed by the Met. Street Ry. Co.
The general coll. trust mortgage of 1897 is secured by deposit of the
stocks (par value) of the Broadway & 7th Ave., $1,400,000; 42d Street
<te Grand Street Ferry RR., $400,000; Central Park N. & E. River RR.,
$300,000; 34th Street CrosstownRy.,.$990,000; also all property of
H. W. St. & P. V. RR.. Chambers St.
Grand St. Ferry RR., Broadway
Ry., So. Ferry RR., Met. Crosstown Ry., Lex. Ave. & Pav. Ferry RR.,
Columbus <fe 9th Ave., and Ft. Lee Ferry Extension; also leasehold
Interests, contracts, real estate (valued as below stated), etc. See ap«
plication to N. Y. Stock Exchange in V. 65, p. 826.
Of the $6uOoo.ooo ntw I'efuncLinLi 4s, *.'S4,000,000 were reserved to retire prior Uens amounting to $48,196,000, this latter not mcludi ng the
bonds of the Third Avenue Railroad and its constituent companies.
The bonds have a second lien on the collateral deposited as se-urity
for the general collateral trust mortgage of 1897; see particulars in
V. 74, p. 1308. Besides the $11,000,00 of bonds immediately issued
(going to the Interurban St. Ry.). $1,780,000 have been sold for relunniug (taking up $1,6.50,000 of prior bonds), making $i2,. 80.000
outstanding Alter Jan. 1, 9 iO, any part oi the bonds reserved for
refunding hot needed for that purpose are to be available for .the
general purposes of the company.
Investments— (See official list in V. 65, p. 826.)—The following is
the par value of the principal stocks and bonds of subsidiary street
railways, which are the property of the company:
Broadway & 7th Ave., 8tock*.$l, 406,200 28th & 29th Sts. (all), stock. .$1,500,000
336,900 North & East River
263,700
Cent. Pk.N.&E.Riv., stock*
443,000 2dAve., stock
15-, 000
42d St. & Gr'd St. Fer., stock*
stock*
1,000.000
Cent. Crosstown. stock
461.600
84th St. Crosst'n (all),
500,000 Third Avenue RR
Fulton St. RR
8,00...OOO
—
&
1
St.
Make separate reports.
The miles of track operated have been increased from 80 in 1893 to
131 in 1894, to 140 in 1895, to 172 in 1896, to 214 in lw02. 1 he
acquisition in 1900 of the Third Avenue system added 216 miles more
of track, making now a grand total of 430 miles of track.
The Elm Street Connecting Railway Co. was incorporated in May,
1900, in the interest of the Metropolitan Street Ry. to build a line on
Elm St. from Centre St. to Great Jones St. and through Lafayette
Place, a distance of 6,000 feet, as a short route tor the 4th Avenue Uue.
In March, 1900 (V. 70, p. 584), purchased in the open market a controlling interest in the Third Avenue Railroad and in AprU. 1900, took
a lease of the same. In an Intervlsw in the New Yoili "Times" Feb.
18, 902, President Vreeland is quoted as saying, " We paid an average of 80 for our 80.000 shares of Child Avenue stock." In July,
19u0, buUt a strip of road across Manhattan Street, connecting the
Metropolitan system with the Third Ave., and began running cars
through from the Battery to Fort George.
Electric ii7ies.—The Broadway line was changed from cable to
underground trolley on Sunday, May 26, 1901. V. 72, p. 1055, 1080.
The Lexington Ave. Line was converted May 5, 1901, and the Colum(a)
1
bus Ave. line May ll, 1901. In addition the company is using its underground electric system on Eighth Ave. line from 158th St. to Battery
Place; over the entire Fourth Avenue line; over the greater portion
of the Second Ave. line; over the 23d Street line, and over the Sixth
Ave. line via 59th Street and Amsterdam Ave., over the branch of
the Third Avenue RaUroad to Fort George, over the 7 th Avenue bne,
and over the 9th Avenue line between 53d St. and Cortlandt Street
Ferry. V. 66. p. 337, 520, 616; V. 67, p. 530, 736, 956; V. 72, p. 936,
98w. 1080.; V. 75,p. 135. It is expected that several other lines will
be converted to t-lectricity in 1903. V. 76, p. 331.
In August, 1SM9, began to operate the Twenty-eighth Street and
Twenty-ninth Street lines exclusively with air-power cars, but in
May, 1901, road began using horse cars again. In July, 1900, began
operating cars by the electric storage battery system on the 34th
Street Cross-Town line, but is to be rep'aced by underground trolley.
In July, 1901, the New York Electrical Vehicie & Transportation Co.
inaugurated an express service on the Eighth Ave. line. V. 73, p. 3d.
For decision in New York Supreme Court adverse to the validity of
the Iranehise, under which the Lexington Ave. extension of the Houston West Street <te Pavonia Ferry RR. and also the line across 116th
Street was built, see V. 72, p. 45.
Franchise lax Illegal— For decision of Appellate Division in the case
of the Metropolitan St. Ky., declaring the franchise tax law Invalid,
because it violates the home-ru.e provision ot the State Constitution,
see V. 76, p. 1 74 and 212. For reduotlou in assessments in legal proof edings, see V. 76, p. 331. For decision as to car taxes, see V. 75,
p. 139S*.
Compressed Air Go -The Metropolitan St. Ry. in Dec, 1902, oflfered
to surrender its holdings of jiref. stock ($755, oOO) ot the Compressed
Air Co. and take common stock for same in consideration of its not
being required to purchase an.v of the bonds for which that company
was askmg subscriptions; see V. 76, p. 268.
—
Date.
»
New York & Harlem.
&
& Bonds—
Interest.
Outslandin g.
Maturity,
1885 5 M-N $1,600,000 Nov. 1, 1909
1889 5
J-J
1909
216,000 Jan.,
1898 5g. F-A
5,184,000 Feb. 1, 1948
Id
of
debt.
1884
6
F-A
8th Ave.certificates
1,(00,000 Feb.,
1914
Third Avenue /diJ.- See that com pany's statement.
Companies separately operated
28th & 29th St. Crosst. 1st M.1896 5 A-O
1,500.000 Oct. 1, 1996
1896 5 A-O
34th St. Crosstown 1st M
1,000,000 Apr. 1, 1996
Central Crosstown IstM
1882 6 M-N
250,000 Nov. 1, 1922
Christopher & 10th St. Ist M.1898 ,4 A-O
210,000 Oct. 1, 1918
Fulton St. RR. Ist M., gold.. 1895 4 M-N
500,000 Nov. 1,1995
Stock
2d Ave. 1st mortgage
2d Ave. debentures
2d Ave. 1st consol. mort
p. 1160, 1264; V. 74, p. 379, 427, 775; V. 75, p. 666, 1202.
METROPOLITAN STREET RAIL'WAYUnderttround trolley and horse.
57
Date,
hiterest. Outstanding.
Maturity.
Bonds
Stock
Stock ($100/, $52, 000,000
Q-J
$52,000,000 Jan./j,03,l%
Refund mtge., gold. c&r, J 1902 4 g. A-O
12,780,000 Apr. 1, 2002
«65,000,000{'H,000,&c) ( Morton Tr. Co.,N.Y., Trus. Int. atoffl. of Co.
Metropolitan Street Ry.—
Gen. coU. tr. M., $12,500,- > 1897 5g. F-A
12,500,000 Feb. 1, 1997
000 g. ($1000, &c.).c*&r S Int. at NatL Bank of Commerce, N. Y.
^890 5 A.-O.
600,000 Apr. 1, 1920
Metronol
CrosstlstM^
metropoi. crosst.
1st M.
^ ^^^ ^^ j^ y security ^ ^r. Co., N. Y., Trus.
2d mortgage debentures 1890
5 M-N
300,000 May 1,1900*
Lex. Av.«fc P. Ferry l8tM.,< 1893
5g M-S
5,000,000 Sep.1,1993
gold
c*<fcr < Int. at Nat. Bk. of Commerce In N. T.
Columbus & 9th Ave. <
1893
5g. M-S
$3,000,000 Sep. 1, 1993
1st mort., gold, cir. \ Trustee is Guaranty Trust Co., N. Y. City.
i889
5 A-O
350,000 Apr. 1, 1919
^°$3^5ToU''.^^:!*\''.^^!S
Mort. on car stable prop- ) 1899
9r>0,000
1902
ertles to Mutual Lite
(Extended.)
s
Lessor Companies
Broadway & 7th Ave. consol.1893 5g. J-D 7,650,000 Dec. 1, 1943
Do underlying bonds
'83, &o., 5 p. o. 4,850,000
1904-1924
"
23d St. 1st M. (extended). ...1893 6 J200,000 Jan.l, 1909
Do debentures
1886 5 J1.50,000 Jan.,
1906
BleeckerSt.&FiUtonF.lstM.1876 4 J700,000 Jan.l, 1950
42d8t.&GrandSt.Fer.l8tM.1894 6 J186,000 Jan. 1, 1909
|
Of these, the amounts named above are deposited as security for
eral collateral trust mtge. of 1897 and the refunding mtge. of 1902.
the gen-
Road--The statement below includes all tracks owned by the Metropolitan Street Railway Company, all tracks owned by companies
leased by the Metropolitan Street Railway Company, aU. tracks leased
from companies not in the Metropolitan System and from city of New
York.
Miles.
Tra;k owned
(electric,
27-41
;
horse, 20-21
4762
;)
Roads Leased—
Bleecker Street & Fulton Ferry RR
Broadway & Seventh Avenue RR
Central Park North & East River RR
Eighth Avenue RR
Forty-second Street & Grand Street Ferry
New York & Harlem RR
10-76
15-12
19-56
18-75
RR
764
19*63
15-77
Ninth Avenue RR
Second Avenue RR
Avenue
2593
RR
12-03
4-15
149'31
196-93
Grana tocai \5l6ctric, 110-01; horse, 86-95)
The following shows the roads separately operated, with the tracks
Bisth
Twenty-third Street Ry
Tctal track leased (electric, 82-57; horse, 6674;)
owned by them:
Central Ooss-town Railroad
4-15 miles
4-76 "
Christopher & 10th Sts. RaiLro ad
Fulton St. Railroad
34th St. Cross-town Railway
28th & 29th Sts. Cross-town RR
105
-97
6-73
"
"
"
17-66 miles
Total...
Adding the foregoing
to the 196-93 miles Included In the earnings
of the Metropolitan Street Railway report, as above, we get a total of
214-59 miles of tracks included in the Metropolitan System.
These agures <io not embrace the Third Avenue RR. system, which
comprises 215-99 miles of track. Including this, the total of track
owned and controlled by the Metropolitan is raised to 430-58 miles.
Equipment—The intent' ban Co., to which the "Metropolitan" is
leased, reports Its equipment as loUows: Box ears, motors, 1,263;
others, 542; open cars, motors, 6tt8; others, 290; combination cars,
motors, 140; air cars, motors, 23; express cars, motors, 13; freight
motor cars, 2; service motor cars, 13; others, 10; snow plows, motors,
13; others, 14; sweepers, motors, 46; others, 26. Grand total, motors,
2,181; other than motors, 882.
Real Estate—The real estate in New York City (see V. 65, p. 826),
owned In fee, subject to the general mortgage & collateral trust
deed of 1897 (including $2,450,000 subject to the prior lien of the
Lexington Avenue mortgage) was valued In February, 1900, at *6, 257,019; owned by subsidiary companies, $7,039,750; total, $13,296,769.
Latest Earnings- For three months ending Sept. 30 Interurban
earnings comparea with those reported by the Metropolitan Street
Railway in 1901 were
:
3 mos. ending
Gross
Sept. 30
earnings,
—
190i
1901
»3.6i)2.480
8.5fc6,545
Net
Other
Interest,
Dtv. on
Balance,
earnings, income, tax'^s, etc. Metrop. ttock.
|t.97x.S55 I164,2;i5 $1,107,220 (I^XJIQIO.OOO
2.033.285
153,740 1,148,71* (IJi*) 910.000
survlita.
165,880
12S.311
Annual Report—To get the 1901-2 figures we have combined the
9 months' statement of Metropolitan St. Ry. with the 3 months' statement of Interurban St. Ry. Pull statement for year ending June 30,
1901, in V. 73, p. 613.
Gross eaminsrs
Operating expenses
Net earnings..
Other income
—
Total income,,
Fixed charges...
Balance
OiTldends
*
....
1899-00.
1901-02.
$14,601,668
8,789.275
1900-01.
$14,063,782
B.755.131
$13,785,>'8t
6,631,26*
1898-99.
$12,300,470
6.048,t43
$7,762,293
681,669
$7,308,661
650.981
$7.15S,8S0
662.050
$6,268,027
704.660
$8,313,962
4,641,940
$7,966,635
$7,805,880
4,446,720
$6,956,677
4.317,681
$8,'J02,022
$3,431,667
$3,S60,ieO
$2,«S9,0ofl
4,6S4,0()8
(7) 3,610,000 '(7) 3,393.262
(7) 8,146,891
(6^)2,471,676
»rt>!.02«
$38,306
$214,269
Balance, surplus.
$167,381
last half of lv0i>-01 dividends were paid on $52,000,000 stock.
During
STREET RAILWAYS.
58
The following shows the growth of the company's system.
LINKS INCLUDED IN EARNS.— (ConC'l.)
ALL LINKS CONTROLLED.
Miles. Pau'a Pass. Transfers
Tear.
2S8.0ii7,915 1 15,524,48
1901 02 ..195
279.l.23.?-tl6 141,788.650
291,41\S65
1900-01 ..195
273,.'>75,217 1-6,172.0^1
284,981,023 148,792,7.56 1899-00 ..195
254,2"6,493
328,36.5,161
2«6.803,073 134,878,957 1898-99 .195
90.380,411
198.770.109
220,1.170,511 105,4 16,778 1897-98... 195
177,7'/ 6,093
56,929,611
1896-97... 192
L. Elkins; Vlce-Prea . D. B. Hasbrouck; Sec
Officers— Pres ,
Directors— P. A. B. Widener, W. L.
and Treas., D. C. Moorehead.
Elkine, Thos. Dolan, William Fahnestocfe, H. H. Vreeland, D. B. Has
brouck, Richard W. Meade, H. A. Robinson and D. «'. Moorehead,— V.
Tear. Mites.
'
'
1901-02..
212i^
1900-01.. 2 21^
1809-00.. 21iJi
1898 99 .912
1897- 98.. 2 12}^
Pav'O Pa*i.
Transfers
3016r.i,43l
126,959.620
154,446,3-8
1
Wm.
74, p. 205, 327, 379. 427. 478, .'S28, 630, 680. 728. 776. 830. 988,
1139, 1196, 1252, 1308, 1355; V. 75, p. 135. 290, 611, 1399; V. 76.
p.
102,213,331.
Companies controlled by metropolitan Street Rr.
BLEECKER STREET & FULTON FERRY RR.—A
horse road.
1864.
Leased
to
Dec.
12.
23d
st. Ry. Co.
Chartered
Organization—
Jan. 10, 1876 for 99 years lease assi^edto Met. St. Ry., rental 7 per
cent on $700,000 bonds and 1 ^ per cent per annum on stock.
interest.
Outstanding.
Maturity, etc
Stock Bonds— Par.
lifiJ.-J.
$900,000
Seetext
.$100
Stock
4 .T.-J.g.
700.000
Jan. 1,1950
1,000
Ist mortgage, ?
gold, 1900. .. ) Morton Trust Co., New York, Trustee.
The first mortgage bonds for $700,000 were 78 until Jan 1, 1900,
when they fell due and were extended by the Bleecker street & Fulton
Ferry Co. at 4 per cent, on the same Hen, and made payableln gold.
Road Owned 10*76 miles. Operated under trackage rights, '42
mUes; total track operated, 1118 miles.— V. 69, p. 1344.
(1)
;
&
—
BROADWAY & SEVENTH AVENUE-Change
(2)
to
underground
electric occurred in August, 1901.
Organization—Chartered May 26, 1864. Leased May 13, 1890
for unexpired term of charter and for any extensions of the same
to Houston West St. & Pavonia Ferry, now Metropolitan St. Ry. Co.
dends on stock and $5,000 additional for organization expenses. V.
Undergrounfi electric traction system used between 158th
62, p. 40.
Stock
Stock
&
Bonds—
Outstanding.
Maturity.
8tock..$2.100,000($100) $100
10 Q. -J.
$2,100,000 Seetext
Ist Mortgage of 1883... 1,000
5 J. - D.
1,500,000 June, 1, 1904
2d Mortgage of 1884... 1,000
5 J. - J.
500,000 July, 1, 1914
B'way Surface Ist guar. 1,000 5 J. -J.
1,500,000 July, 1, 1924
do 2dM. int. as rent. 1,000
5 J. - J.
1,000.000 July, 1, 1905
So. Ferry 1st guar
1,000
5 A. - O.
350,000 Apr. 1,1919
By.& 7th At. Con. M.of ) 1,000 5 g. J.-D.
7,650,000 Deo. 1, 194S
•93 for $12,500,000. < Interest at Guaranty Trust Co., N. Y., Trustee.
Due lessee June 30, 1902, $2,204,204.
Of the consol. mort. of 1893, for $12,500,000, $4,850,000 is reserved
to retire at maturity the other bonds in the table. The outstandiUK
consols paid for laying the Broadway cable. The consols are guaranteed, principal and interest, under the terms of the mortgage by thf
Metropolitan Street Railway Co., which now owns the Broadway Une
south of 15th Street. They cover the road owned in fee, also the righi
to use the tracks on Broadway from 15th Street to the Battery they
are also a direct lien on the cable, etc. Trustee, Guaranty Trust Co
The Broadway & 7th Avenue assumed the Broadway Surface
Ist mortgage bonds for $1,500,000 and payment of interest on the second mortga.ee bonds for $1,000,000, for use of tracks between 15th
Street and ferry. South Ferry 5s. assumed under lease.
Road including Broadway Electric, 7th Ave. and South Ferry lines;
Par.
Interest.
.
;
—
miles; operated under trHCkage rights. 19 miles; total
track operated, 17'09 miles.
Index—V. 58, p. yssi V. 73, p. 287. Office 621 Broadway.
owned 1512
(3)
CENTRAL CROSSTOWN RR.— A horse road.
Organization- Chartered March 28, 1873. May 28, 1890, leased
the Christopher & Tenth St. RR. at 8 p. c. on stock and interest on debi.
In May, 1897, control was obtained in the interest of the Metropo
tan St. Ry., which owns $461,500 of the stock.—V. 64, p. 1001, 1042.
Stock
&
Bonds.—
Par.
Stock ($600,000,
Istmortgageof 18s2
1st con. mortgage, ) 1902
$3,000.000
interest.
Outstand'g. Maturity.
- J. $600,000
Seetext
- N.
250,000 Nov. 1, 1922
$100 7 Q.
1.000 6 M.
4
(I)
<
Loans June
30, 1902
It is proposed to Issue
205,217
a new 1st ronsol. M. for $3,000,000 to provide
lor equipping road with electricity and to take up the $250,000 prior
mortgage at maturity. V. 75. p. 611. Will be voted upon at uext
iLeeting of stoi tboldt^rs.
Divide7ids.—lii fiscal vear 1893-4 paid 7 p. c; in 1894-5, 7 p. c; in
1895-6, 81^ p. c; in 1896-7. 10 in 1897-8, 10; In 1898-99, 10 p. c: in
1899-1900, 10 p. c: in 1900-01, 10 p. c.
Road— Track owned is 4*15 miles; leases from Christopher & 10th
St. RR., 3 92 miles.
Including trackage rights from Metropolitan,
total track operated is 14 miles.
Annual Report— For years ending June 30.
Tr.toJuneSO.
1902.
1901.
1902
1901.
Gross earnings. $495, 169 $476,698
;
Net
154,203
Other income...
5,093
— V. 75, p.
(4)
140,326
5,773
imeres*!".®.^!
Surplus.!""
\
$106,531 $105,895
52,765
40,204
611.
CENTRAL PARK NORTH & EAST RIVER. -Horse road.
Organization- Chartered July
19. i860. Lease— Leased to Metropolitan Ry. Co. Oct. 14, 1892, for length of charter and renewals thereof
at 8 per cent on stock tUl Oct. 1, 1897, thereafter 9 per cent (V. 55, p.
894).
Metiopolitan St.Ry. owns $336,900 of the stock.
Par. interest. Outstanding. Maturity.
Stock
Bonds—
Stock. (See rental above.).. $100 text Q.— J. $1,800,000
See text
&
DuRlessee June
.SO. 1902
$2,005,616
Metropolltao St Rv. refunding 4s were issued to take up the $X,200,000 Ist ooQsolr) maturing Dec. 1, 1902.
Road— Owns 59th St., East and West, with branch to South Ferry.
19-56 miles; operated under trackage rights, 5-9(t: total track operated,
25*4 6 miles. Weightof rail per yard from 47 to 118 lbs., standard gauge.
(5)
CHRISTOPHER & TENTH STREETS RR.—A horse road.
ORQANIZATION-Chartered April 25. 1873. Leased to Central Crosf
town May 1, 1890, at 8 per cent on stock and interest on bonds.
Stock
Stock
&
Bonds
Par.
Outstand'g.
interest.
Maturity.
$100
8
Q. -J.
$650,000 Seetext
mortgage ext. InM.OOO
4
A. -O.
210.000 Oct. 1, 1918
1898
New Yorn, Trustee.
] Guaranty Trust Co.
Tlie $180,000 Ists were extended 20 yrs. from Oct. 1, 1898, and In
addition $30,000 bonds were issued at same time to take up the Real
Estate Mortgage of similar amount. V. 67, p. 370
Road— Track owned is 4-76 miles. Including trackage rights from
Metrt politan, total track is 8 97 miles.- V. 67, p. 370.
(6) EIGHTH AVENUE RR.— Underground trolley road.
Organization Chartered Jan. 10.1855. Road is leased to Metro
politan Street Ky. for 99 years from Jan. 1, 1896. at rental of $215.00<
per annum, which provider for interest on the strip, 15 per cent divi
Ist
,
&
178, 956.
interest.
fhitstand'g
Quar.
6 F. ifc A.
$1,000,000
1.000,000
$100
100
Maturity.
See t«xt.
Scrip of 1884
Feb.,
Scrip is subject to call at par on any interest day.
Road—Total track owned and operated, 18'75 miles.
Index— V. 59, p. 780; v. 61, p. 364, 871, 925, 967; V. 62, p. 40.
1914
FORT GKORGE & ELEVENTH AV. RR.—Tobe an underground
(7)
trolley road.
Organization- Incorporated Nov. 19. 1898. in the interest of the
Met. St. Ry. to build a line from 130th St. and 11th Ave., along 11th
Ave. to 175th St., and another from 145th St. and llth Ave. easterly
through 145th St. to the Harlem River. Stock authorized, $3,000.Franchise granted December, 1889, for 'ib
000. V. 67, p. 1109
years, with privilege of renewal for another 25 years; 4 p. o. of gross
receipts to be paid the first five years, 6 p. c. the second five years, 8
per cent the third five years, and 10 per cent the remaining years of
operation. The road to become the property of the city at the termination of the franchise (whether original or renewed) upon payment
tor the same in accordance with definitely-prescribed rules. The Kingsbridge franchise was granted the 3d Ave. RR upon the same t«rms.
FORTY-SECOND
(8)
ST.
& GRAND
ST.
FERRY—A
horse railroad.
ORQANIZATION-Chartered February 16, 1863. Leased to Metropolitan Street Railway Co. from April 6, 1893, for duration of charter and
renewals thereof at 18 per cent on stock, payable in lawful money.
Met. St. Ry. owns $443,000 of the stock. Only a portion of the road
is being operated, with enough cars to hold franchise.
Stock & Bonds— ^ar.
interest.
Outstanding.
Maturity.
Seetext.
18 Q.— F.
$748,000
1st M. extended... 1,000
236,000
Jan, 1,1909
6 J. - J.
Road Owns 7'64 miles; operated und r trackage rights, 1'85 miles;
total track operated, 9-49 miles. V. 74, p. 1139.
$100
Stock
—
FULTON STREET RAILROAD—A horse road.
(9)
Rental— Interest on bonds and 10 per cent on $2,100,000 stock, of
which Metropolitan Street Ry. Co. owns $1,406,200.
Stock
V 67, p.
Bonds.— Par.
and Battery Place.
Organization.- Chartered
Metropolitau
Stock
&
St.
Oct. 29, 1895.
Stock
all
owned by the
Ry.
Bonds—
Date,
Outstanding.
interest.
Maturity.
$500,000
500,000 Nov. 1,1995
4g.
J
and
i.
Met.
Tinistee,
Guaranty
Trust
Co. of New York.
p.
St.Ry .c* \
Earnings— For year ending June 30. 1902, gross. $43,497; net,
$11,750; other income, $196 charges, $21,697; deficit, $9,751.
Road—Track owned is 1-05 miles. Including trackage rights from
Metropolitan, total track operated is 189 miles'— V. 62. p. 271
Stock, $500,000 ($100)
l8tM.,g.,($l,000),guar.
M-N
1895
;
Nkw YORK HARLEM RR.— Underground electric railroad.
Organization— Chartered April 23, 1831. Owns also a steam road
leased to New York Central, its securities, which cover the electric
(10)
»fe
oads as well as the steam line, being described under the title New
Vork & Harlem amon.g steam railroads in the Investors' Supplement.
In July, 1899. the Metropolitan Street Railway Co. bought from the
New York & Harlem
the car-stable properties at Thii-ty-second Street
St. and Madison Ave for $1,350,000.
V. 69, p. 180, 542. 591.
The electric (formerly horse) lines (19-63 miles of track) were leased
ro the Metropolitan Street Ry. for 999 years from July 1. 1896, for a
rental of $350,000 per annum the first five years and $400,000 per
-innum thereafter, which is equal to 4 per cent on the $10,000,000
stock; in addition $i, 500 is all wed for organization expenses. V.
Line operated electrically from March, 1898. from City
(52, p. 1088.
Hall to 135th Street. In Jan., 1900, arrangements made with the
Third Ave. RR. Co. for ranning cars to Ann St. ^V. 70, p 125.
Officers— President, WiUiam K. Vanderbilt.—V. 62, p. 1088; V. 69,
p. 180, .542, P91, 645.
and Fourth Avenue and at 86th
i
(11) NINTH AVENUE RAILROAD— An electric railroad.
ORQANIZATION-Chartered July 29, 1859. The road is leased to the
vietropolitan Street Railway Co. for 99 years from March 12, 1892.
Rental- For first 5 years $48,000, which is equal to 6 per cent on
capital stock ($800,000) and thereafter $64.000— 8 per cent on same
and $2,500 for organization expfnses. stock, $800,000; par $100;
,
Q.— J. Road— Fulton
owned and operated, 15-77 mUes.
dividends,
Street to 126th Street, total track
(12) SECOND AVENUE RR.—Mostly underground electric.
ORGANIZATION.- CharteredJan. 21, 1853. Leased for length of charter from Jan. 28, 1898. to the Metropolitan Street Ry. at 8 p. c. on the
stock for three years from March 1, 1898, and 9 p. c. thereafter. V.
66, p. 185. Changed to undergiound electric system in April, 1898,
as far as 8th Street; from 8th Street south to City Hall operated by
horses.
^ar.
Securities.—
Outstand'g. Dividend, <tc.
Interest.
See text.
$1,862,000
$100 9 Q.— M.
1,600,000 Nov., 1909
1st mortgage ot 1885.... 1,000 5 M. & N.
216,000 Jan., 1909
Debentures of 1889
1,000 5 J. & J.
5,184,000 Feb.1,1948
$7,000,000 ),-.1,000 5g. F. &A.
1st con. M.,g.,
.-.,
1898,guar.,p.cfci.end.c* J Guaranty Trust Co., N. Y., Trustee.
Of new 1st consol. 5s, $1,831,000 are reserved to retire securities of
earlier date, balance for improvements, equip., etc. V. 66, p. 900.
Road— Track owned. 25 93 miles; operated under trackage rights.
stock
-
,
.
4-83 miles; total track operated, 30-76 miles.
Index— V. 65, p. 276; v. 66, p. 616. 900.
(13)
SIXTH AVENUE RAILROAD— Underground trolley.
to Metropolitan Street Ry. Co. Feb. 1, 1892,
Rental now $145,000 per annum, which is 7 per cent
on stock and $5,000 for organization expenses (V. 61, p. 925.)
stock, $2,000,000; par, $100. An extra dividend of 38 per cent was
paid in August, 1901, out of proceeds of sale of stable property at
Sixth Avenue and 4Sd Street. Road, including Lenox Ave. branchbegan operating under1899,
In Feb..
track owned. 12 03.
vTOund trolley ail the way to Batter\ Place. See V. 67, p. 178,736, 956;
Organization- Leased
or 800 years.
V. 73, p. 236.
(14)
THIRTY-FOURTH STREET CROSSTOWN RY.— Formerly
horse road; storage hatter.v introduced July, 1900, but to be changed
underground electric
ORQANIZATION-Chartered March 18, 1896, being a consolidation of
the Thlrty-Foiu-th Street RR. Co. and the Tlilrty-fourth Street Ferry
Eleventh Avenue RR. Co. The stock of the Thirty-fourth Street
Tosstown Ry. Co. is all owned by the Metropolitan Street Ry
Interest. Outstanding.
Maturity.
Date.
SroCK AND Bonds—
to
V-
(
$1,000,000
^took ($100)
Ut M.
p. and
($1,000), giar.
Met. St.
Metropolitan
1.
Ry
.
.
J
}
Apl. 1.1996.
1,000,000
5 A-0
1896
Trustee, Central IruMt Co., N. Y.
823,205
Ry. June 30, 1902
is 0-97 miles; including trackage from Metropolitan, total track operated is 5-60 miles. V. 60, p. 83; V. 62, p. 549.
Earnings.—Year ending June 30, 1902, jrross, $455,t68; net, $177,347; other Income, $1,172; charges, $05,003; surplus, $113,516.- V.
Due
St.
Road—Track owned
71. p. 135.
STREET RAILWAYS.
(15) TWKNTY-EIGHTH AND TWENTY NINTH STREETS CROSSTOWN RAILROAD— Horse cars.
Organization— The Metropolitan
Street Ry. purchased the property
In September, 1896, and owns all the stock. In Dec, 189S. the new
air compressor and power house were practically completed, and in
August, 1899, bearan using air-motor system exclusively. V. 69, p.
In May, 1901, however, returned to horse cars temporarily.
Maturity.
Date, interest. Outstanding.
Bonds—
Stock
Stock, $1,500,000 ($100)
$1,500,000
1,500.000 Oct. 1. 1996
let M., $1,500.000($1,000) I 1896 5g. A-O
gu.pAi end., M.St. Ry.g.o* 5 Trustee, Central Trust Co., New York.
Road— Track owned is 6'73 miles: including trackage rights from
Metropolitan, total track operated is7-61 miles. V. 63, p. 602,661,839.
Earnings- For year ending June 30, 1902, gross, $180,510; net
$73,614; other income, $417; deficit below cbarges, $11,447.
883.
Road— Owned.
RAILWAY—
—
&
'''•^200,000
Jan. 1, 1909
^
^^rfl893^^"*^^^'^^*' \ ^'^^^
Debentures of 1886. 1,000
Jan., 1906
5
J.-J.
150,000
Road— Including 14th St., Bleecker St. and Canal St. brauches, trach
owned 415 miles; miles leased 10-76; operated under trackage rights,
1-^0 miles; total track operated. 1671 miles. Weight of rails from
47 to 113 lbs., standard gauge. V. 74, p. 1 39.
1
THIRD AVENUE RAILROAD
-
Organization.— Chartered October 8. 1853. A cable road from
Det^mbe^ 5. 893, but in 1899 changed to underground trolley. In
Januarv, 1900, the electric line between 125th and 162d streets
was completed. In Nov., 1 895, purchased control of the 42d Street
1
Mauhattanville& St. Nicholas Ave. line. See V. 61, p. 872, 926. Control of Dry Dock E. B. & B. was obtained Aug. 23, 1897. (V. 65. p. 194 1.
In January, 1898. amajority of the stock of Union Rv., N. Y., was pur
chased.— V. 66, p. 135. In Sept., 1898. Union Ry. purchased Yonkers
RR. V. 67, p. 635. In April, 1899, the Tarrytown Wliite Plains .v
Mamaroneck Ry. was acquired.— V. 68, p. 674.
A tratlic agreement, which went into effect April 29, 1899, has been
entered into between the Manhattan Elevated and the Third Avenue
Railroad system [comprisiog the Third Avenue BR., the Dry Dock
East Broadway & Battery, the 42d St., ManhattanvlUe <fe St. Nichol;*^
Avenue RR. and the Union Railway lines], providing for an extensive
scheme of transfers at cross-town junctions, and also at the terminal
points of the two systems. The transfers are granted for an additional
fare of 3 cents, making the cost of the entire jouroey 8 cents. Korthf
latter sum a passenger can thus ride from the City Hall and South
Ferry to Yonkers, New RocheUe and Mt. Vernon. V. 68. p. 672, 872.
Owing to failure of negotiations for a new loan to take care of h
large floating debt, the Third Avenue Railroad was on Feb. 28. 1900
placed in the hands of Hugh J. Grant as receiver. On March 19, 1900.
Itwas announced that the Metropolitan Street Railway had purchaseil
control of the road in the open market (at an average price, it Is under
stood, of t-0) and would provide for the rehabilitation of the company
Arrangements were at once concluded through a syndicate, represented by Kuhn, Loeb & Co., for the sale of $35,000,000 of the $50.000.000 "new morttrage described below, and on May 24 the property
was restored to the company, passing into the possession of the Metropolitan Street Kailway Company as owners. Kuhn, Loeb & Co. offered
a block of the bonds for pale in Dec, 1900. V. 7 , p. 1168.
Z/ea,se.— On April 13, 1900, the Metropolitan Street Railway Company took a lease of the property for 999 years. For the first four
years Third Avenue stock will receive only the net income above
expenses and fixed charges; the next two years 5 per cent is to be
paid on the stock; the succeeding four years 6; thereafter 7 per cent.
Bonds. -Pa»"- Date, interest. Outstandhig. Lasidiv.,<t:c
Stock
Stock,$40,000,0(i0. $100
Q.— F.
$16,000,000 Nov., 1899,114
Ist mortage, gold. .1,000 1887 5g. J. &J.
5,000,000 July 1,1937
)900 4g. J.&J. 35,000,0<i0 Jan. 1, 20O0
New mort. gold)
o* ($1,000, AC), wntereet at Morton Trust Co New York, Trustee.
$.= 0,f 00,000
) Guar., principal and interest, by Mi t. St. Ry.
Bonds-Ot the new mortgage for $50,000,000. the $35,000,000 now
outstanding were issued to liquidate floating indebtedness of all th«
various companies and to provide lor current needs. Of the remain
Ing $15,000,000, $1,557,000 will be available for future extensions
and improvements; the other $13,443,000 is reserved to take up the
following prior liens, which the company has bound itself to pay ofl'
at or before maturity without extension. The bonds were listed on the
N. Y. Stock Exchange in March, 1901.
.S'aiiie of company and toati.
AulhorUed. Outstanding
Third Ave.RR. Co. ist
$5,000,000
$5,000,000
1
&
.
UnionRy.lstM
M
Manhatt. &St. Nich. Ave. Ry. IstM.
•2d mortgage incomes
Dry Dock East B'way J: Battery RR. let M.
Certificates of indebtedness
Yonkers RK. Co. 1st M
Westchester Electric KR. 1st M
Tairyt'n White Plains &Mam'iieckRy. Ist M.
Southern Boulevard RK. Ist
42d
St.
M
2,000,000
1,200,000
1,600,000
1,000,0(
1,200,000
1,000,(00
500,000
300,000
250,000
2,000,000
1,200,000
*1, 143.000
950,000
1,100,00(|
1,000,000
500,000
300,000
25c),0u0
$14,050,< 00 $13,443,000
" $357,000 already pledged as part security
for the Third Ave. RR.
4b are here deducted.
The new bonds are guarai teed by the Metropolitan .''treet Railway
(forfrrm of guaranty see V. 72, p. 776) and are secured by the pledgtof the following stocks and bonds:
Xame ofcompanu.
Issued.
Pledged.
Union Railway Co. of New York City stock
$2,000,( 00 $2,000,000
42d8t. Manhan'ville&St.Nich. Ave. Ry. stock. 2,500,000
l,671,lfi0
Do.
2d mortgage incomes
357,000
1,500,000
Dry Dock East Broadway & Battery RR. stock. 1,200,100
1,128,T0()
Kingsbridge Ry. Co. stock
8,600
8,600
Subscription for balance of $1,000,000 stock
991,400
Yonkers RK. Co. stock
1,000.000
992,500
We -tchester Electric RR. Co. stock
50o,000
500,000
Southern Boulevard RR. Co. stock
250,000
248.300
3<iO,000
Tarryt'n White Plains* Mamaroneck Ry. stock
300,000
The Metropolitan Company is to be entitled to vote on the foretro
ing and to receive thf income from the same so long as the new boudtare not in default. See particulars in V. 70, p. I(i56.
There are other mortgages outstanding for $50,000.
S/oc/c— In Oct.. 1898, *2,000,000 new stock was Issued, making totui
then outstanding $12,000,000. This new stock was offered to 8T<)ch
holders at par. In July, 1899, stockholders voted to increase stock froiu
$12,000,000 to .$40,000,000. The stock was to be issued as required t..
pay for improvements and to extinguish the fioating debt— V. 69, p
29, 182. Five millions was to be used in taking up the $5,000,000 «i
new stock to be issued by the 42d Street Co. as below. In Sept., 1899
$4,000,000 of the new stock was sold to the shareholders at par.
raising the outstanding amount of stock to $16,000,000.
Total......'.
—
Dry Dock E. B. & Bat. Ry.. 14-97
42d St Man.& St. Nich. Ave. 2566
Union Ry
6261
Westchester Electric
Yonkers RR
Southern Boulevard
Tarrytown White Plains
27 24
Total track
Mamaroneck
31 05
28*77
7 '00
&
18'69
Total controlled track. .188 75
I
Grand total track
215-99
Dividends—In 1892, 7 p. c: in 1893, 4 p. c; in 1894, 8 p. c; in 1895,
9 p. c; in 1896,9^ p. c; in 1897, 8^4 p. c; in 1898, 7% p. c; in 1899,
6>« p. c: in 1900. Feb., 1 p. c; owing to receivership, this last dividend, after having been declared, was not paid.
Annual Report.— The following covers the year ending June 30,
1902. and is exclusive of the42d St. ManhattanvlUe & St. Nicholas
Avenue Railway, the Tarrytown White Plains & Mamaroneck Ry. and
the Yonkers RR., which companies are reported separately:
Third Ave.
Dry Dock, Union Ry.
Compani/.
Railroad.
^
Gross earnings
2,259,176
Operating expenses. 1,416,429
$
579.560
466,992
^
$
1,304,859
994,C9rf
4,143,595
2,877,5:9
S42,747
Net
Fixed charges A t'xe8l,753,309
112,568
133,635
310,761
277,233
1,2H6,076
2,169,177
def 915,562
def.21,0'i7
692,026
6,415
sur.33,528
2,500
def.903,101
'00,941
def 223,536
def.14,652
sur.36,025
def.202,'60
Balance
Other income
Underground
trolley.
Controlled hiit oper separately track miles.
Mitea.
Miles.
City Hall via 3d av. to 130th St. 7-03
Korth River to 125th St., E.R. 2-50
10th Ave., 125th St. to Fort
3-75
George
13-2«
Srtcond track
0-68
Sidings
&
In June, 1900, the 23d
(16) TWENTY-THIRD STREET
Street Cross-town, with branches to 34th Street Fetry, began to be
operated entirely by undergi-nund trolley. V. 68, p. 130, 928.
Organization-ChaiteredJan. 29, 1872. Leased from Apr. 25, 1893,
to the Metropolitan Street Railway Co. for the unexpired term of the
charter and for any extensions of the same. Rental is 18 per cent.
ifaturiti/.
Par.
interest.
Outstand'g.
Stock
BondsQ.-F.
i8%peranij.
Stock
$600,000
$100 18
t\)
eir,.
Total.
Officers.— President. H. H. Vreeland; Vice-Pres., D. B. Ffasbrouck;
Sec. anil Treas., JohnBeave?; A-st. Gen Mgr Oren Root Jr.
INDEX-V. 72, p. 88, 3J0, 628, 776, 1035; V. 73, p. 552.554,1161;
,
V. 74, p. 528.
(1)
DRY DOCK EAST BROADWAY & BATTERY— Horse road.
Organization— Control Obtained by Third Ave. RR. Aug.
-V. 65,
p. 194. $1,128,000 of the stock
Third Avenue mortgage.
&
Stock
Bonds—
Par.
is
interest.
23, 1897.
pledged for tue 50 mUlion
Outstand'g.
Maturity.
Q.—F. $1,200,000
See text.
Dec 1. 1932
950,000
mort gold,l89^
sold 1892 P'^^^O 5 g. J. - D.
New mort.,
^ Farmers' Loan & Trust Co., Trustee.
Cert.of debt not sub.toc 100 5
F. - A. 1.100,000
Feb.
1914
Road— Owns 14-97 miles of track; operates under trackage rights
5-4« miles: total track 20 43 miles. Operates 191 cars, 8 sweetiera
and 4 snow plows.
Dividends— Since 1891, for fiscal year ending June 30: 1891-92,
Stock
$100 6
per cent: 1892-93, 6 per cent; 1893-94, 213 per cent; 1894-95, 4ifl
per cent
Nov., l^s p. c
in 1896, 6 p. o.
1895, August, 1^2 p. c.
In
IS97, Feb., li^ p. c; in 1898, 6 p. c; in 1899, May (Feb. div. was
passed), II2 p. c; none since paid.
Annual Report Fiscal year ends June 30.
Yr.end.J'ne'iO. 1902.
1901.
1902.
1901.
Gross earns... $579,560 $582,124 Taxes, etc''••
$130,140
^$133,635
J^et
112,568 182,05:^ Interest
Other income..
6,4' 5
6.415 Dividends
None.
None.
5
;
;
;
;
Net income.. $118,983 $188,468 Balance... def.$14, 652 sur.$58,328
Index -v. 64, p. 843, 1041; V. 65, p. 194. 568; V. 67, p. 9.52.
(2)
FORTY-SECOND
ST.
MANHATTANVILLE
<fe
ST.
NICHOLAS
AVE. RY.— A horse road, but Nov. 11 1900, changed to electricity.
The company after being in the hands of receiver from March. 1900,
was restored to solvency in 1901, receiver being discharged April 12.
Organization—Chartered Aug. 29, 1878, Tn November, 1895, control
was purchased by the Third Avenue RR. bee V. 61, p. 926.
In Dec, 1899, began to use underground electric system from Fort
,
Lee Ferry to the Boulevard, thence to Fifty-ninth Street.
Of the stock, $1,67 1,100 is pledged as security for the 50-million
rhird Ave. mtg also $357,000 of the 2d mtg. incomes.
In September. lOdO, the City Trust Company was purchasing the
minority stock on behalf of the Metropolitan St. Ry. at $75 per $100
•<tiare, less 20 cents expenses.
Up to Jan. 1, 1902, had thus acquired
shares.
all stock,, except about 2i
interest.
Outstand'g
Maturity.
Bonds.— Par.
Stock
Sfk(aut'd $7,500,000) +100
$2,500,000
6M-S
1,200,000 Mch. 1, 1910
mort goia,
eold ISaO^l
iSHO ^ -000
ist mort.
interest at Union Trust. N. Y. City. Trustee,
6% as earned. 1,500.000 Jan. 1,1915
-^r^^..*
i«n «=
I QQi; 51.000
bs, I8«s
*,d mort.
Union Trust Co., N. Y., Trustee
^
mortgage
5%
100,000
Real estate
"Due for new construction" June 30, 1902, $5,762,984.
Road— Owns 2566 miles of track, operates under trackage rights
513 miles; total, 30 79 miles of track. Operates 203 cars. 5 snow
plows and 5 sweepers.
;
&
mc
Annual Report—
1901.
end. June 30. 1902.
Gross earnings-$815,l 72 $6^.7.749
34«,647 225,214
Net
3,428
Other income... 23.972
37-.^,6i9 228,642
Gross income
rr.
1902.
I
1901.
Int .rent'lsand
taxes
Balance
$376,316 $127,914
for
der.3,697 3r.lC0,728
year
Index— V. to, p. 481, 634. 1291; V. : 1 p. 543; V. 72, p. 776.
. .
(,3)
UNION RAILWAY OF NEW YORK— A
troUey road.
Organization— Organized under Chapter 340 of the Laws of 1892,
a\ithority to consolidate the Harlem Bridsre .Morrisaula &
Fordham Ry., the Melrose A West Morrisaula RR. ami the North Third
Ave & Fleetwood Park RR. Validitv of consolidation jifflnned by
Court of Appeals Jan. 9, 1900. — V. 70, p. 77. Operates from I29th
St. and 3d Ave. throuyh the Borough of the Bronx, and with subsidiary
lines, continuing thence to and .through Mt. Vernon.
Controlled by Third Ave. R.R.. which in Jan., 1898, purchased a maIn Sept., 1898, the Union Ry. purloritv of the stock.— V. 66, p. 135.
chased Yonkers RR and agreed to iruarantee its $1,000,000 bonds,
L.'ivinsr
,
guaranty being accepted by the Third Ave. V. 67, p. 635.
In Dec. 1899, accepted the terms propo.sed by Board of Estimate
for the Kingsbridge RR. rranchise, which are 4 per cent of gross
receipts for the first 5 years, 6 per cent for the second, 3 per cent
The franchise is for 25
for the third and 10 per cent thereafter.
years, with privilege of renewal under certain conditions for another 25 years. At the end of the terra the city acquire-* the property, jiayingtorit in accordance with definitely prescribed rules for
rtxintr its value.
V. 69, p 1248. Work on this line was begun in July,
1901^ and complftedin 1902. Runs from Amsterdam Ave. andl62dSt.
to Broadway and 22l8t Street, making 3125 miles additional.
The whole of the stock is pladged as security for the Third Avenae
•lO-milliou moitgage.
this
STEEET KAILWAYS.
60
&
OutstancVg. Last div., <£c.
Interest.
Stock
Bonds.— Par.
Stock
$2,000,000
$100
2,000,000 Aug. 1, 1942
„„,^ 51,000 5g. F.-A.
Istmort., 1892, ^"^^\ Int. is payable at Central Trust Co., N. Y. City.
Due other companies June 30,1902, $3,011,121.
NE"WARK,
NE^A^BURG,
'
Ouaranteed Loans
—
Westell. 1st M.,gu.,p.&l
,gu.,p.&i
?
1,000
1893
gold
RR. l8t,gold
|
Yonkers RR. Ist M., >
80. Boule.
$1,000,000. '96, gu..
Tarry town
We
July 1, 1943
Mercantile Tr. Co., N. Y., Trustee.
250,000 July 1,1945
5g. J. -J.
Central Trust Co., N. Y., Trustee.
Apr. 1, 1946
1,000,000
5 A. - O.
500,000
5 g. J. - J.
{
Plains')
Mar. 1, 1928
300,000
& Mamaroneok Ist ($1,000 5 g. M.-S.
Kniftlrftrbocker 1
mtge., $300,000, g.,
Trust Co., N. Y., Trustee,
Knickerbocker
guar. p. &i... 1898... j
Road— Operates the following roads:
Miles
Miles. Operated separately.
35-11 Westchester Electric, track. .31-05
Main line and branches
27-50 Southern Boulevard, track. . 7-00
Second track
28-77
Yonkers RR., track
62-61
Total track
Total separately operated 66-82
'
.
129-43
Grand total all
Annual Report—Results for year ending June 30, 1902, were:
Total
Gross.
income,
Net.
Int., rentals
and taxes.
Surplus.
Union Railway.$l,021,759 $324,003 $326,503 $223,652 $102,851
Westeh'ter Elect.. 222,596
South. Boulevard.
60,504
Total
$1,304,859
INDEX-V.
df.
28,541
17,299
$312,761
dt.
35,268 df.63,809
18,313 (lef.1,014
28,541
17,299
$315,261
$277,233
(ELEC-
Org ANIZATION— Successor in 1898 to the New York Elmsford & White
On April 18, 1899, Third Avenue RR, purchased all the
8tO( k, and it is pl-dged as security for the new 50- uuJlliun Third Ave.
Plains Ry.
mortgage.— V.
68, p. 674.
Road extends from Tarrytown station on the N. Y. C. & H. R. RR.. to
Mamaroneck, on the Sound, and from White Plains Station on the Harlem Road to Silver Lake Park, a total of 18-69 miles. The company
carries freight as well as passengers.
Date. ' interest. Oiifstandin<j. Maturity.
Stock
Bonds—
Stock ($300,000), par $25
$300,000'
1st mortgage $:J00,000, ) 1898
5g
300,000 Mar.1,1928
g, ($1,000) guar. p. &!.. S Knickerbocker Trust Co., N. Y., trustee.
Due other companies June 30, 1902, $253,236.
The bonds are guaranteed, principal and interest, by endorsement,
by the Union Railway Co. For form of guaranty see V. 74, p. 381.
Annual Report— For fiscal year ending June 30, 1902, gross,
$65,735; net, $2,506; interest and taxes, $16,947; deficit, $14 ,441.—
V. 67, p. 75, 435; V. 68, p. 674; V. 74, p. 381.
&
M&S
Y.
N.
CO.-Trolley.
Oct. 16, 1901, and acquired the Newburg
Electric Ry. Co., sold under foreclosure. Under the reorganization no
dividends are to be paid on the shares for three years, all surplus
earnings to be used for betterments and additions. The Newburg
Electric Ist mortgage bondholders and the Walden <fe Orange Lake
BR. and the Newburg & Orange Lake RR. agreed to a reduction in
their interest from 6 to 5 per cent. See V. 73, p. 138.
Date. Interest. Oulst'd'ng. Maturity,
Stock
Bonds
Stock $150,000, par $25..
$150,000
Organization— Organized
&
-
Pref., $175,000 non-cum. $25
175,000
Newb.Elec.lstM. ($250,000) 5 1894 5g. M-N
250,000 May 1, 1944
g., ($500) not sub. to call I Int. at Knick. Tr. Co., Trustee, N. Y. City.
Walden & O. L. Ist Mort. g. ( 1895 5g. J-D
100,000 Junel,1945
guar. p. &i
^Int. at Hamilton Trust Co., Brooklyn.
1834 5g. J-J
75.000 July 1,1944
^M^k%^oTvfivci%)d^nAl
Road— Owns 16-49 miles of track (including Walden & Orange
Lake 5-29 miles and Newburg & O. L. 5-40 miles).
Yearly Earnings—For the years ending June 30 (Newburg Elect.)
Oth.Inc. Int., tax, die. Bal.,sur
Gross.
Net.
$29,201
$10,863
$100,869
$38,712
$1,352
X,40i*
36,450
7,264
96,929
42,305
Officers— Pres S B. Dutcher; Vice-Pres. and Treas., W. H. Pouch;
Sec, A. B. Pouch.— V. 72, p. 137; V. 73, p. 138, 237, a38, 445, 843.
1901-2
1900-1
,
NEAA^BURYPORT, MASS.
ELECTRIC STREET
CITIZENS'
(4) TARRYTOWN WHITE PLAINS & MAMARONECK
TRIC) RY.— A trolley road.
Jersey City, N. J.)
ORANGE COUNTY TRACTION
$38,028
69, p. 441; V. 70, p. 77, 481.
N. J.— (See
Organization.— Incorporated In
Newburyport & Amesbury RR.
&
RY.-Trolley.
April, 189&, as successor to the
MatuHty.
1901-02,7%
$240,000
{'''^^^ 5g. J-D
Deo. 1, 1820
210,000
IstM it>^30,000,
«230 000 gold....
eold
istM.
Beacon Trust Co., Boston, Trustee.
^
Road— Owns about 23 miles of track in Newburyporc, including
lines to Haverhill, Araesbtiry and Plum Island. Operates 43 cars.
Earnings— For fiscal year ending Sept. 30, 1902, gross, $97,769;
Stock
Bonds—
Date.
Interest.
Outstanding.
Stock, $240,000
net, $36,796; int.- and taxes, $16,586; div., $16,800;
surplus, J3.410.
Officers— President, W. M. Butler, Boston; Treasurer, G. A. Butman, 8 Congress St., Boston: Supt., E. P. Shaw Jr., Newburyport.
Ortlce, 33 Market Square, Newbu rypo rt.— V. 72, p. 44.
NIAGARA
l^ALLS, N. Y.
INTERNATIONAL TRACTION.-9ee statement
and map under Buttalo.
LE WISTON & YOUNGSTOAVN FRON'R RR.Organizat'ON.— Chartered August, 1895. Owns from Lewiston to
Youngstown, 7-3 miles completed in August, 1896; branch to Rumsey
;
(5)
YONKERS RAILROAD.—A trolley road.
Organization— In Sept., 1898, sold to the Union Ry., which guarantees $1,000,000 bonds, principal and interest, this guaranty being
accepted by the Third Ave. RR. See New York.— V. 67, p. 635.
Of the stock, $992,500 is pledged forlthe new 50-mLllion mortgage of
the Third Ave. RR.
Date.
interest.
Ontsland'g
Stock
Maturity.
Bonds—
Stock, $1,U00,000 ($100)
$1,000,000
l8tmtge.gold,$l,000,000, )1896
5 A-O
1,000.000 Apr.' I,'i946
guaranteed
Manhattan Trust Co.. N. Y., Trustee.
i
Due other companies June 30, 1902
392,179
Road— Owns 28-77 miles of track. Operates under trackage rights
2*50 miles; total track operated, 31-27 miles.
&
Annual Report— I'iscal year ends June 30.
Tr. end. JtmeSO. 1902.
1901.
Gross earns... $220,687 $188,511 Interest
Net
33,193
38.817 Taxes
Otherincome.
1,093
992 Balance
1902.
I
|
-V.
62, p. 462, 644; V. 63, p.
p. 30.
658; V. 65.
p.
>
„,-
a.^,
^$61,745
1901.
ascn^^e
$60,446
df.27,459 df.20,637
p. 635; V. 71,
515; V. 67,
NE^W YORK & STAMFORD RY.-A trolley road.
Organization- Was incorporated Auk. 3, 1901, in New York as a
consolidation of the PortchesDer Street Ry. and theLarchmont Horse
Ry. Has franchises in Portchester for 99 years and in Mamaroneck
for 100 years; on remaioder of the road practically perpetual.
Date, interest.
Outstanding.
Stock
Maturity.
Bonds
Stock, $4fi0.000 ($100)
$500,000
Ist mortgage $450,000 > 1901 5 g, A-O
365,000
Oct. 1, 1931
($1,000) gold
C' S Int. at N. Y. Security & TrustCo., N. Y.,Trus.
&
—
Loans June SO, 1902
43,906
Bonds— Of the $450,000 authorized, $85,000 are reserved
tensions. No sinking fund and cannot be called.
for ex-
Earnings of the combined properties for the year ending June 30,
Gross. *109,761 net, $37,413; interest and taxes, $19,646;
1902:
;
surplus, $17,767.
Road— Operates 16-68fmlles of track from Port Chester through
Rye, Harrison, Mamaroneck and Larchmont, to New Rochelle. where
connection is made with the Third Ave. surface line into New
York City. Tlie Greenwich Tramway Co. connects with this line, thus
forming part of a through line from New York to Boston. 70-lb. rails.
32 open and closed oars; 2 service cars; 2 snow plows.
Officers— President, Chas. A. Singer, Larchmont, N. Y.; Vice-Pres.
G. Stanley Heft, Bridgeport, Conn.; Sec. and Treasurer, N. H. Heft
Bridgeport, Conn.; Assisft Sec. and Treas., John Neilson. Larchmont
N. Y.— V. 73, p. 82, 287, 785.
Park, 1 mile; sidings, -2 m.; trackage, -2 m.; total, 8-7 miles.
interest.
Outstanding.
Maturity.
Stock Bonds Date.
$134,000
Stk.,$150.000 ($100) ....
6 g. J-D
134,000
June 1, 1926
1st mta., $150,000 < 1896
S. D. Co., Buffalo, Trustee.
($1,000), gold c* ( Int. at Bufi'alo L. Tr.
—
&
&
1902
27,087
Earnings-Year ending June 30, 1902, gross, $10,309; net, $644;
otherincome $148; charges. $10,157; deficit, $9,365. President, A.J.
Loans July
1,
Bufi'alo; Sec. and Treasurer, Charles S.
Buffalo; Supt., F. G. Lett, Lewiston.
Wheeler,
NEWARK & GRANVILLE STREET RY.-
Stock, $300.000
$.300,000
Ist mortg'ge, $250,000, ) 1901
5 g J-J
190,000
Jan. 1, 1931
gold ($1,000)
Int.
Central
Trust
at
Co., N. Y., Trustee.
.OS
Earnings— For calendar year 1902 Gross, $63,499; net, $30,412;
Interest, $11,932; dividends, $15,000; surplus, .$3,480.
ROAD-Operates6 mllesof track In the olty of Newark, and a suburban line of 8 miles to Granville; total, 14 miles of track. V. 71, p.
492; V. 74, p. 427,478.
:
Box 690,
OrQANIZATION— Incorporated in New York State June 3, 1899, as
successor to the Niagara Falls & Lewiston, sold at foreclosure May 23.
1899. The road extends from Onondaga Street, Lewiston, along the
bank of the Niagara River to the city of Niagara Falls. The line was
formally opened July 1. 1899. The company also controls the franchises of the Niagara Fall s Tower Co., the Battery Whirlpool Rapids
Co., the Niagara Rapids View Co. and the Niagara Whirlpool Rapids
Elevator Co., all of which were owned by the former Niagara Falls &
Lewiston. Has agreement with the Niasara Falls Park <fe River Ry. Co.
allowing cars of the Gorge Road to run over that company's lines across
the arch and Suspension Bridges to Table Roci and Dufferin's Island.
Date. Interest. O'ltstand'g
Maturity.
Bonds
Stock
Stock, $1,000,000 ($100)
$1,000,000
Lewiston ) 1895 5g. J-D
June 1,1925
Niagara Falls
See text.
Ist mort., $1,000,000 > Int. at Knickeriocker Trust Co., N. Y.,
Trustee.
("1,000)
,c*)
Bonds.- The Niagara Falls & Lewiston when sold at foreclosirre was
These bonds are
sold subject to the $1,000,000 mortgage above.
owned by the company and hypothecated as collateral for $751,266
bills payable.
Road— Owns 14-4 miles of track from Niagara Falls to Lewiston
Earnings— For year ending June 30, 1902, gross, *$279,436: net,
$225,407; interest and taxes, $49,792; surplus, $170,615.
* Increase due to Pan-American Exposition
Officers— President, .Tos. T. Jones; Vice-President. Herbert P Blssell; Sec Treas., and Gen. Mgr., Bert. L. Jones, all of Buffalo.— V. 68, p.
332, 1077, 1133.
—
&
&
NIAGARA
ST.
CATHARINES & TORONTO
RY.— Electric and steam road.
Organization -A consolidation of The Niagara Central Ry., the
Niagara Falls Wesley Park & Clifton Tramway Co. and the Port Dalhousie St. Catherines & Thorold Electric Street Ry. Franchises perpetual. Owns and operates Niagara St. Catharines & Toronto Nav. Co.
Stock
& Bonds—
Date,
Stock, $1,000,000
Ry. Ist mort,
Orqanization— In June. 1902. Tucker, Anthony & Co. of Boston
pui chased the entire capital stock and all oC the bonds, and is reconstructing the property. Is successor to the Newark Consolidated
Electric Ry., sold at foreclosure in July, 1900. In Feb., 1903, It was
oflBcially reported that this properly would later be consolidated with
the Columbus Newark & Zaiiesvllle Elect. Ry., which is building a
new line of 30 miles from Newark to Zanesville.
Inleresl. Outalandina.
Date.
Stock & Bonds—
Maturity.
P. O.
NIAGARA GORGE RR. ELECTRIC-
(
NEV/ARK, OHIO.
Webb,
g.
($1,000) c*
<
(
Nav Co IstJM
,«i
..nn^l
(»i,ouo)
g
^
'
interest.
Oiitstand'g. Maturity.
$92f,000
1899 5gM-N
694 000 Nov. 1, '29
Int at Canadian Bk.of Commerce. Toronto.
Nat'l Trust
(-0..
Lim., Toronto, trustee.
200 000 Nov. 1, '29
5 g M-N
$250 000 ( ^^^^
i*'^''"'"""
} Int. atCanadian Bk.of Coramcroe.Toronto
o^ Natl Trust Co., Lim., Toronto, trustee.
Bonds— Oi the Railway bonds no given amount Is authorized, but
$20,000 per mile of track may be issued. $60,000 of these bonds is
reserved for prior liens. The iVaru/atioo bonds are guaranteed by
the railway, p. & 1 by endorsement. Neither Issue is subject to call,
but the $60,000 prior liens can be called at any time on 30 days' notice.
Road— Operates 34-73 miles of track, not Including sidings. Runs
from Niagara Falls, N. Y., and Niagara Falls, Ont., to Port Dalhousie
on Lake Ontario, passing through St. Catharines, Merrltton and Thor60-lb. steel rails, 26 passenger cars, 16 freight cars. 1 electric
old.
locomotive. 1 steam locomotive and 2 snow plows. Extension contemplated from St. Catharines to Toronto by way of Hamilton.
Report— Gross earnings calendar yeai* 1902, on both railway and
navigation company, $172,840 net, $10,711.
Officers President, John W. Herbert, New York City; Vlce-Pros't,
Addison B. Colvln, Glens Falls. N. Y.; Sec -Treas., ^.mllius .larvls,
Toronto, Canada; Gen'l Mgr., E F. Selxas, Toronto. V. 75, p 6B7
,
;
—
STREET RAILWAYS
NORFOLK, VA.
Stock
PORTSMOUTH
& NEWPORT
NORFOLK
Map on page
NEWS
CO
Norfolk Portemoutb &NewFormerly hnown
—(.See
57.)
as the
Organization—
portNewK /iauicrt.yCo.,butliiMay,lfl0 2, was authorized by the Virginia
Leuislaturetochahgeitsnameasahoveandtoincrease the capital stock
to $10,000,000. The property and franchises of the Berkeley Street Ry.,
Portsmouth Electric & Gas Co. and National Gas Co. of Berkeley were
acquired in fee. Owns a majority of the common stock($l, 075,000) of
the Newport News
Old Point Ry. & Electric and a majority of
Light Co. Messrs.
the stock ($1,650,000) of the Norfolk Railway
Alex. Brown & Sons, J. William Middendorf & Co. of Baltimore and
John L. Williams <fe Sons of Richmond brought about the consolidation. Franchises run from 43 to 47 years and in soioe cases perpetual,
Embraces seven electric railway systems, six ferry lines, six electric
lightins plants, three ice plants, three gas companies and three popular seaside resorts, with hotels, bath houses and pavilions. V.'74.
p. 108!^. In Aug., 1902, also purchased the property of the Norfolk
Heat, Lieht & Power Co. and the Old Dominion By. Co of Portsmouth,
operating about 20 miles of track. V. 75, p. 394, 442.
Date, interest. i>tiistandir\g. Maturity,
Stock
Bonds
Stock, $10,000 000
$4,000,000
Nor. Ports & Newp. News ) 1902 5g..J-D
3,000,000 June 1,1942
Co. 1st and coUal. mtg., > Interest at Alex. Brown <te Sons, Baltimore
$4,000.000.g.($l,000).c* ) and N. Y. N. A. Trust Co., N. Y., irufitee.
Nor. Ports. & Newp. News \
Co. income bonds, $2,-1 1902 5ff.,F-A
2,000,000 June 1, 1942
000,000,non-cumuJative f Richmond Tr.
Sate Dep. Co., Trustee, or
gold ($1,000) ....
int. at Alex.Brown& Sons, Bait, and N. Y.
c*
&
&
—
&
&
I
200,000 Mch. 10. 1950
^p";/pnn''^?t®^?'^^<fJrt^ 1900 5g. M-S
^1,0 0)", $i;000 000. c* 5 ^*- atFid'y&Dep.Co. of Md., Bait., Trustee.
.BoHrf.-— Of the $,1000,000 mtge. of the Norfolk Portsmouth <fc Newport News Ry. Co. $1 50,000 is reservert for prior liens. Sinking Fund
of $10,000 per year, ^-onds can De called by lot at 110 on any interest day, but only in suflicient amounts t,o satisfy sinking fund.
Of the new nrst and collatera' trust mortgage $1,000,000 are reserved for extensions and improvements. These bond- are .subject to
call on any interest date upon sixty days' notice at 107 and interest
The new issue of $2.000. OoO iucorae bonds are convertible until May 1,
1912, into stock at par, and may be rrdeemed at par and interest on
any interest date upon sixty days' notice. Interest on these income
bonds is non-uiun. and payable only if earned. (See V. 74, p. 1089.)
LIGHT.
interest.
Outstand'g.
Oate.
Maturity.
Stock
Bonds—
Stock. $1,650,000 ($25)
$1,650,000
Norfolk City 1st M., gold, < 1888 6g. J - J
125,000 Jan. 1, 1913
$1,000
o<Int. at Mer. Trust Co., trustee, N. Y. City.
Norfolk Street cons, mort., j 1898 5g. J - J
915,000
Jan. 1, 1944
$1,000,000, g. ($1.000)c. t Int. at Merc. Tr. & Dep. Co., Bait., trustee.
Norfolk Ry. <fe Light con. ) 1899 5g. M-N 1,750.000 Nov. 1, 1949
M., $4,000,000, gold, > Interest at International Trust Co., Balti$1,000, s. f
c') more, trustee.
.Bonrfs— Of the new 1st con. mtge., $1,040,000 is reserved to retire
outstanding bonds, and .$1,200,000 remains available for the future,
to be issued only for additional property, and only upon the consent
of the trustee. Sinking Fund begins Nov. 1, 1909, and provides for
the pnrchase of 1% of outstanding bonds each year at 110 or less.
NEWPORT KEWS
OLD POINT
Bate. Interest.
Bonds—
<fc
Stock
&
stock, com., $1 ,07 5 ,000,
p. c.
par $100
Maturity
$1,075,000
par $100
Stock, pref., 5
RY. <& EtECTEIC.
Outstanding.
cum.,
725,000 July 2, '02, 21^%
900,000
Nov. 1,1938
5 J.-J.
.
let M., $900,000, gold,
($1,000 each)c*...
Ist M.Cit Ry.Lt.&Pow,
1898
Int. at
.
5gM-N
Alex.
Brown &
Bonds—
Stock, $380,000, par
Sous, Baltimore, Md.
)1900 Sg.MifeN
675,000
May 1, 1940
$800,000 (.$l,0n0), g.o" > Md. Trust Co., Baltimore, Trustee.
Guar. prin. and int.. } Int. at Alex. Brown & Sons, Baltimore.
5 g M-S $1,500,000
March 1, 1941
Gen. Mort., $4.000 000 1901
Int. at Alex. Brown & Sons, Baltimore. Md.,
1897
Current liabUities October 1, 1901
Dividend— In 1897. 6 p. c; in 1898, 6
6 p. c; in 1901 Jan. dividend passed.
Road— Owns
or at Co.'s agency In New York.
Bonds— The Maryland Trust Co., Baltimore, is trustee of both the
mortgages of the Newport News & Old Point Ry »& Elect. The Newport
News bonds of 1898 are subject to call at 110 on any interest day at 60
days' notice, and so are the bonds of the Citizens' Co. The latter are
guaranteed by the Newport News Ry. & Elect Co.
Of the $4,000,000 General Mortgage bonds. $1,500,000 have been
Issued; $1,575,000 are reserved by rhe trustee to take up at maturity
the outstanding bonds of tbe Newport News & Old Point Ry. and the
Citizens' Ry. Lt. & Power Co.. and the remaining $925,000 are for additional property, improvements, etc
In addition to the inorttcage
Hen. bonds are secured by a deposit of the bonds and stocks of the
Citizens' Ry. Lt. & Power Co.. Newport News Gas Co.. Norfolk and
Atlantic Terminal Co. and Danville'Ry. di Elect. Co.
Road— Owns over 120 miles of track, connecting Norfolk, Portsmouth, Newport News, Hampton, Hhoebus, Old Point, Berkeley, Pinner's Point, Lambert's Point, fort Norfolk and South Norfolk.
Officers— President. R. Lancaster Williams. Richmond; Vice-Pres.,
Wm. J. fayne, Newport News; Genl Mgr E. C. Hathaway, Baltimore.- V. 74, p. 1089, 1140, 1197. 1308; V. 75, p. 77; 394, 442.
'
.
(1)
OLD DOMINION RAILWAY
CO.
Organization— Formed Feb. 28, 1901, as a consolidation of the
Portsmouth St. Ry. Co.. the Norfolk County Ry. Co., the River Front
RR. Co. and the Virginia Equipment Co. See V. 72, p. 481.
&
Date, interest. Outstand'g.
Stock
Bonds—
Maturity.
St'k auth., $100, $2,000,000
$500,000
Portsn. oath Street Ry. ,1st >Apr.,'98 6 g. J-J
142,000
Jan. 1918
mortgage $142,000
S Un. Sec. Life Ins. & Tr. Co., Phila., trustee.
Portsmouth Street Ry., 2d) Apr. .'98 6 g. J-J $100,000
Jan., 1918
mortgage $100,000
S Un. Sec. Life Ins. & Tr. Co., Phila.. trustee.
Portsmouth St. Ry. imp. & ) Mar.,'00 6 g. J-J $100,000
July, 1920
ext. mort. $100,000
^ Colonial Trust Co., Philadelphia, trustee.
July, 1930
prL°'and^^*«y''00 ^ g. J-J $200,000
5 Colonial Trust Co.. Philadelphia, trustee.
Road— Owns 18 miles of single track, exclusive of sidings. Rails
70 lb. girder and 56 lb. J. Has 15 electric trolley, 4 other passenger,
and 4 flat cars, and duplicate newer station.
Officer.";- President. R. Lancaster Williams, Richmond, Va.; VicePresident. L. R. Watts, Portsmouth; Secretary and Treasurer, Wallington Hardy, Norfolk, Gen'i Mgr., E. C. Hathaway, Norfolk —V. 71,
%^2^oVooS^™
int
by PommouihSi.Ry
p. 183, 288, 343, 544; V. 72,
p 481; V. 73,
p.
1314; V. 75, p. 442, 849.
NORTH ATTLEBOROUGH,
INTER-STATE CONSOLIDATED
MASS.
ST-
RY.-
OrqanizaTION— Organized April 21, 1895. See V. 60, p. 606.
In 1900 was authorized by Legislature to become a common carrier and carry light freight.
Massachusetts Railroad Commission
gave permission in July, 1901, to purchase the Inter-State Consol.
St. By. Co. ot Rhode Island and to Issue $275,000 capital stock, share
for share, for the stock ot that company.
Outstanding. Maturity.
See text
Q.—J. $380,000
4 Q.— F
150,000
6
Coupon notes
p.
Apr. 28, 1907
180,327
c; in 1899, 6
1900.
p. o.; In
trolley track and 3*55 mile sidings,
Pawtucket R. I., to Noith Attleborough,
Total operated
Mass., Hebronville, Dodgeville and Attleborough.
23-3 1 miles
from Main
etc.,
Street,
(including track outside of Mass.),
2686
Earnings- For fiscal years ending
miles.
Sept. 30.
Other
Interest,
Balance.
Income. Taxes. <6c.
Div.
1901. ..$174,701
$31,442
$54,963
$463 $23,984
8Ur.l8,684
1900... 175,232
62,885
800
22,201
22,800
Officers— President, Marsden J. Perry, Providence, R. I.; Secretary and Treasurer, Everard Holmes, Pawtucket, R. I.; Supt., Geo.
R. Cook, Attleborough.—V. 61. p. 662. 871: V. 73, p. 236.
Gross.
ffet.
$
NORTHAMPTON, MASS.
NORTHAMPTON STREET RAILWAY-A
trolley road.
Organization— Chartered Feb.
26, 1873.
Date. Interest. Outstand'g. Div'nds,<ic.
$300,000f.p.See text
J-J
Stock, Bonds, Etc. —
Stock, $300,000, par $100
(1888
5A-0
(
at Springfield
Springfield, Mass.
S.
1,
1909
Tr.
Co.,
Apr.
25,000
l8tM.,notsubj.tocaU($500)c^Int
D.
&
1900 i^ J-D 200,000 June 1, 1910
atSd Nat. Bank, Pittsfleld, Mass.
180,000
Loans and bills payable Oct. 1, 1902
Bonds —The new mtge. 4i« p o. bonds can be called at par in 1905
upon 60 days' notice. Trustees are Erwin H. Kennedy and Ralph B.
BardweU, both of Pittsfleld.
Dividends— In year 1893-94 distributed $12,000 in 1895, 10 p. c;
New
mortgage, $200,C00....
($10,000)
c.
J
I
Int.
;
In 1896, 10 p. c; in 1897. 9 p. c; in 1898, 8 p. c: In 1899, 8 p. c;
In 1900, 8 p. c; in 1901, 8 p. c; in 1902, 8 p. c; in 1903, Jan., 4 p. o.
Road— Operates
26'26 miles of track, including extension to Hol-
yoke and extension from Mt. Tom Junction to Easthampton.
Annual Report— For years ending Sept. 30 earnings have been
1901.
1902.
I
1901.
$144,846 $133,428 Bal.fordiv'nds.. $20,508 $27,062
47.323
45,333 Dividends
24,000
24,000
Int., tax., etc..
26,815
18,271 Bal. for year... def.3,492 8ur.3,062
Officers—President, John Olmsted, Springfield; Secretary, H. P.
Field, Northampton; Vice-President and Treas'r, N. D. Winter, Spring-
Gross
Net
|
field;
Supt.,
Edwin
C. Clark,
Northampton.— V.
NORTHAMPTON
RY.—A trolley road.
Organization—Incorporated
&
70, p. 842, 1049.
AMHERST STREET
Comoaenced operating on
in 1899.
Jan. 22, 1900.
&
interest. Outntind'g.
Maturity.
Date.
Stock
Bonds—
Stock, $180,000
$180,000
....
Ist M., $160,000, gold, ) 1900
Sept. 1, 1920
5 sr.
160,000
(§1,000)
cs Int. at Old Colony Trust Co., Boston, Tru.stee.
Bonds —Subject to call after Sept. 1, 19 lO, at 105 on 4 weeks' notice.
Road— Owns and operates 14845 miles of track ( including sidings),
from Northampton to Auiherst and Hatfield.
Earnings— For year ending Sept. 30, 1902: Gross, $51,891; net,
$7,777; charges, $10,100, deficit, $2,323.
Officers— President, F. S. Coolidge. Fitchburg; Vlce-Pres., B. E.
Cook, Northampton; Treas., Philip Witherell, Northampton; Gen. Managers, Crosby <fe Coolidge.— V. 71, p. 544, 964; V. 72, p. 1136.
M&S
NORTON, MASS.
:
gold ($1,000 each) o*
Date, interest.
$100
1902.
NORFOLK RAILWAY &
&
&
61
NTORTON & TAUNTON STREET
RAILWAY
-Trolley.
This is a consolidation of the Norton & Taunton Electric, the
Norton ;& Attleborough Street, the Mansfield & Norton Street, and the
Mansfield
Easton. Stock, $297,000. Mass. Commissioner.-t in May,
1900, gave nermission to issue 5% gold bonds for $296,000 (all now
outstanding) ,of which $240,000 was to take up that amount of prior liens.
Road— Owns 30 miles of traok; gauge, 4 ft. 8>« in.; 56 and 90 lb.
T and girder raUs. Operates 36 motor cars. Extensions planned.
Earnings— For year endingSept.30.1901. gross, $51,341; net,$10,498;
interest and taxes. $16,777; deficit, $6,279.
Officers—President, Daniel Coolidge, I.oraln, O.; Vice-President,
G. L. Wetherell; Treasurer, A. H. Sweet; Gen. Man. and Purch. Agent,
A. R. HaUowell; Supt., R. W. Hewins, all of Norton.— V. 70, p. 1049.
&
NOR^VICH, CONN.
NOR^WICH STREET RAIL^VAY- A trolley road.
Organization — incorporated in 1882 and has a perpetual franchise.
Stock
&
—
Miles, Date, interest. Outstand'g
Maturity.
Bonds
Stock ($6 )0'000 an- )
See text
J-J $250,000
thorized— $100
\ Dividends at Am. Loan & Trust Co., Boston.
1st mort., $350,000,) 12:
1893 5^. A-O $350,000
Oct 1, 1923.
gold, $1,000
Boston
) Interest at Am. Loan & Trust
Dividends—Yxoxa 1 895 to July, 1897, both inclusive, 5 p. o. yearly; In
1898, 2 P.O.; in 1899,2 p. c; in 1900, 2 p. c; in 1901, S^a p. c; In
1902, 4I2 p. c; in 1903, Jan., 2^ p. 0.
Road— Owns 17 miles of track and -65 miles sidings; total track,
17'65 mUes. Operates 37 cars and 3 snow plows.
Annual Report—Years ending June 30 In 1902, gross, $111,811;
net. *45,150; taxes, $5,200; interest, $18,695; dividends (4^a p. 0.),
$11,250; ourplus, $10,005.
Officers— President, B. P. Learned, New London; Secretary and
Siperintendent, W. L. Adams, Normch Treasurer, W. A. Tucker,
B}ston, Mass.— V. 72, p. 481.
;
NOR^VOOD, MASS.
NORFOLK
"WA Y —An
& BRISTOL STREET RAIL-
electric road.
Organization- Incorporated under Massachusetts laws in 1901, as
successor by purchase at foreclosure on Oct. 8, 1901, of the Norfolk
Southern Street Ry. Commenced operations Nov. 15, 1901.
Outstanding.
Maturity.
Rate.
Bonds— Date.
Stock
Stock, $200,000 ($100)
$200,000
None Feb. 1903
l^'Ol
^?$15'&0)*.*'.\*!'..!!?
&
Road—Owns 21 miles of track, connecting Norwood, Mass., and
Mansfield, Mass., with two small branches; Including also extension
from Foxboro to Wrentham, 3^2 miles. Owns 23 oars.
Officers— President. E. D. Codman; Treas., H. F. Smith; Managers
Stone & Webster, Boston Gen. Mg., E. J. B. Huntoon, Canton Jc, Mass
— V. 69, p. 1103, 1148;
;
V. 73, p. 33S, 723, 843, 1112, 1160.
bTKEET KAILWATS.
62
CAL.
OAKLAND.CONSOLIOATED-A
OAKLAND TRANSIT
trolley road.
Organization— This company is a consolidation on Mar. 29, 1902, of
the Oakland Transit Co. and the O kland San Leandro & Hayward's
Electric Railway Consolidated. Controlled by " Realty Syndicate."
Comprises practically all the street railways doing business in
Oakland, Alameda, Berkley and County of Alameda. On April 27.
1901, began using power furnished by the Bay Counties Power Co.,
which power is generated by the Yuba River and transmitted the 140
miles by copper'cables. Franchises average ahout 40 years from 1902.
Population served, 106.570.
K^msiand'g.
Inlerem.
Maturity.
Date.
Stock
Bonds—
$6,900,000
Stock. $6,900.000
1st cons.
$8,500,000 i jg^g
700.0C0 July 1, 19.3J
5 g. ,I-J
°'.'
Union Trust Co., San Francisco, Trustee.
^
8
T*%1
000)
g
Oakland Transit Co.
$l,400,Ono .7uly7, 191f6 g J-.I
let MM vJaK.
lot T,.
«i 400,000
Ann nnn( 1898
ir. *i,
I8t
1 1nterest in New York or at California Safe
to
call..
s.f.,
not
sub
g.,
^
Deposit & Trust Co., trustee.
.=>gJJ
1,5=^5,000 .July 1, 1931
1st con s f
Oak Tran ^^^^l
«5 nnn AonVii
nnn, ,g..c
5 -T; < Mercantile Trtist Co.,. San Fran, trustee
$3,000,000
(*1 ,000)
^ ^jj^
p^^ ^^ jj Y., S. Fran, and Oakland.
*lo,000 June, 1903
6
Oakland RR 1st mort., ) 1883
$125,000
S Volney D.Moody and B. F. Mann, trustees.
Bo»irf.<(— Of the new con'od. mortgage of 1902 $3,500,000 are reserved
for jirior liens and the balance for extensions and improvements under clearly OefiEed restrictions, see V. 75, p. 1 35. A sinking funU for
these bonds commences in 1903 and ranges trom $10,000 to $250,000
per J ear, which will retire at maturity *•), 000.000 bonds. Bonds not
subjp* t to call, but may be purchased for sinking fund in open market.
Of the $3.000,000 1st consols of theOakland Tran.sit Co., $1,415,000 are
reserved to retire underlying liens at maturity. A suifcinj? ''!<)(// commences on these bonds in 1912 which will re'tire or provide for $2,020,000 of the bonds on or before maturity. Interest on both consol.
mtges. is payable at Wells, Fargo *. Co. Bank
New York and San
Francisco and at company's office in Oakland
Oakland Sa>i Leandro ffaywards Electric Ry
Oak.San Leandro & Hay. > 1892 6g M-S
$250,000 Mar. 1, 1922
Ry.lstM.g. $1000ea.) S Interest is payable by check.
23d Ave. Ry. 1st mort., \ 1893 6g M-S 15
$250,000 Mar. 1, 1923
gold, $1,000 each
Mnterest is payable by check.
.Vforrgafire trustee Is the California Title Ins. & Trust Co., San Fran.
Bowrfs— Both mortgages have sinking fund commencing ten years
after date and Increasing from 2 per cent yearly (of total bonds outstanding) for the first live years to 8 per cent for last live years. The
bonds are not subject to call before maturity.
Earnings of combined properties for calendar year 1902: Gross.
$945,865; net, .$395,520.
Road— 144 miles of troUev. extending from Oakland to Alameda
Berkeley. Fruitvale, East eJaklaud. San Leandro aud Hay wards.
OFFictRS— President. E. A. Heron; Treasurer. F. C. Havens: 8e-.,
Samuel J. Taylor; Gen Manager, W. P. Kelly.— V. 72, p. 18 1. 187,
439. 723, 937; V. 73. p. 83, 287; V. 74, p 830, 1308; V. 7.^, p. 77, 135
&
M
M
m
cC-
(
OGDENSBURG, N. Y.
ST LAWRENCE GAS. ELECTRIC & TRANSPORTATION CO.
Organization.— THIS
company was incorporated
in
New
Jer.-ey
end controls, through ownership of stock, the Ogdensburg Street Ry
Oadf nsburg Gas Co. and the Ogdensburg Power & Liaht Co., and
euarantees, boih prin. and, int., the bonds of the two former. The collateral trQ^t bonds were issued for the purpose ot taking up the outstanding remainder of the shares and bonds of controlled companies.
,
&
Date.
Inlertst. Otilstatiding.
Maturity.
Stock
Bonds—
Stock, $400,000 ($100)
$1,000
Coll. tr.mtge., $400,000) 1900
5 s. J J
400,000 July 12, 1920
old
($1,000)
cM Int. atNorth Amer. Tr. Co., N Y.,Tru.stee.
No sinking fund and bonds cannot be called.
Officers— Chester Snyder, President.
(
1
)
OGDENSBURG STREET RY.— A
trolley road.
Lawrence Gas, Electric & Transportation Co. owns
the stock and all of the bonds of the Ogdensburg Street Ry.
Organization.— Chartered Dec. 22, 1885.
The
St.
Stock
&
Bonds—
Date.
Interest.
Chiiftanding.
Maturitif.
$150,000
150,000
Sept. 2, 1925
^$150,060!?!!^'..'^?:^ i 1895
Mortgage trustee. West End Trust Co. Philadelphia.
Road Owns 10 miles of track, laid with 52 and 48 lb. T rails.
Earnings— For year ending June ao, 1902, gross, $23,972; net.
$2,V!17: other income, $91; charges, $10,036; deficit, $7,728.
'..
2
,
—
OIL CITY. PA.
VENANGO POWER & TRACTION
Incori>orated in New Jersey and is a consolidation
of all the elf ctric railways in Venango County, Pa., viz., the ''itizeus'
Traction Co., Oil City Street Ry. Co.. Oil City Rouseville * Franhliu
Power <o., Franklin Electric Ry. and Station
By., Citizens' Light
Ry. C o. Furnishes lights to the towns along its line.
MuturiiyDate, interest. Outsiand'g.
Bonds—
Stock
StocB;, $1,000,000 ($100)
$1,('00,006 ...
Istmortgage, $1000.000,
30,)^ 1901 5 g J.-J.
1,000,000 July!. 1931
gold ($1,000)
c' S
Int. at Colonial Trust Co.. N. Y., Trustee.
Bonds.— AW bonds and stock of corstituent companies are pledged as
security f'"' t;evv iiioittrage. Bonds are subject to call on any iuteresi
daieprioi 10 1911 on 30 days notice at 115 and interest and thereafter
at 105 and inteieht.
Earnings- For 6 months ending Dec. 31, 1902, were gross, $129.
136; net, $31,239.
Road— Operates 32 miles of track in ^nd between Oil Cily. Frankli",
Rouseville, Reno, Sage Run and Sdveily Boro. 65-lb and 70-lb T an'l
girder ra 1. Compan> also owns Monarch Park. Has 54 passenger, y
construction carh.
Officers— President and viauager, Daniel J. Geary; Vice President,
Wm. HasBon; Secretary and Treasurer, Wm. B. Fil.-on.— V. 70, p. 267.
&
&
OLEAN, N. Y.
THE OLEAN STREET RY -A
trolley road.
In January, 1899, the
(hitKlan^'g,
Maturity.
Stock, !f300,000 ($100)
$300,000
Ist mortgage, $225,000 51899
5 g. M-N
225,000 Nov. 1 1 929
Interest at Fidelity Trust Co.,Butfalo,Trust.
($1,000), gold.
2d mortgage, $60,C00. 5 189 »
5 g. M-N
53,500 Nov. 1, 1914
($1,0001, >;old...
c- } InterestatFidelit} Trust Co., Buiralo,Tru8t
let exien. M.. $130,000) 1901
130.000 Aug. 1, 1931
g.
gold
($1,00
c* i^Infst at Fidelity Trust Co., Buttalo, trustee.
Cannot be called.
) Sinking fund of $2,OoO commences in 1905.
.
."•
FA
)
2d extension mortgage. J 1901
25 OOu Aug.15,1931
5g.F-A'j
$25,000 ($1,000) g e' ) Infst at Fidelity Trust Co Buffalo, trustee.
Bonds can be called at any In'erest date on 30 days' notice.
,
RY.
)
net, $13,021; other income, $7,356; charges, $12,432; surplus, $7,945.
Road— operates
18'86 miles of track, con- ecting points
naxed
m
45 to 60 lb. T rails. Operates 8 cars.
Officers- Preside! t, H. L. Pierc-; Secretiry, F. A. Gallagher;
Treas'r and Qtnl Manager. C E. Hudson Office at Bradford, Pa.
the
title;
OMAHA, NEB.
OMAHA & COUNCIL BLUFFS STREET RY.
—A
tioliey road.
Organization.— Incorporated in Nebraska as successor to the Omaha
Street Ry. Co. Leases the OoDaha <fe Couaoil Blutt'a Ry. & Bridge
length of franchise", rental being for 1902-03, $15,000; 190304. $30,000; 1904 05, $45,000; 1905-06. $45,000; 1906-07 and thereafter $60,000 per annum, in addition to all fixed charges.
Date,
interest.
Oulstandhig.
Maturity,
Stock
Bonds—
Com. $10,1 '00.000. $100.
See text
..
Pf.5% cum..'rom Jan.l, (
„
^
»ee
texi
'04. $5,(100,0 lO. $100. i
Om. St. Ry. 1st consol
M., $2,500,000, gold..-. 1889 5g. M.-N.
$2,500,000 May 1, 1914
Interest is payable at the Farmers' Loan <s Trust Co., N. Y. City.
Co., for
&
.
°^n* M
^«10^6o(f 0^0*
I
sf
I
g ($1,000) no
"'
'
4,850,000 Jan. 1, 1928
5g. J J
^* Morton Trust Co., .V, Y., Trustee.
902
^°'"-
&
Bonds.— $5,000,000 common and $1,000,000 preferred
Stock
stock are set aside for additions and improvements.
Of the new
$10,000,000 mortgage, $2,500,000 are reserved to retire a likeamount
of Omaha Street Ry. bonds. The $10,000,000 consol. bonds are further
of the Omaha
Council Bluffs Ry. <fe
secured by deposit of +900,0
Bridge Co f rst com-ol 5s.
Road-— Owns 90-48 miles of track, being all the street railways in
Omaha and South Ouiaha. Also leases Omaha, & Council Bluffs Ry. &
Bridge Co., 31-97, making total operated 122'4'i miles.
Officers— Pres., Frank Murphy; Vice-Pres Guy C. Barter; 2d VicePres , M. S. Hopkins; '-'ec. R. A. Leussler; Treas. and Gen. Man., W. A.
Smith; Supt. and Purch. Agent, F A. Tuckei.— V. 75, p. 1302, 1400.
&
,
(
\
\
OMAHA &
.COUNC L BLUFFS R.VILWAY
& BRIDGE.— An
electric road.
Organization -Is leased to the Omaha Street Railway Fort^rms
of lease see statement of the latter above. Owns untire capital stock
of the Omaha Council Bluffs & Suburban Ry. and the Lake Manawa &
Manhattan Bp.acti Rv. The $600,000 mortgage of the former company
made to the Royal Trust Co. of ChicasiO and Albert E.Johnson as
Trustef s, is all held by the Ry.
Bridge Co. The Lake Manawa
Manhattan Beaoh has no funded debt.
Outstanding.
Date.
Interest.
Maturity.
Bonds—
Stock
\
'
&
&
&
Common, $l.500,o00
..
$1,500,000
Pf.,4% cum. from Jan.
1.500,000
I, '07, $1,500,000 ..
Ist mort. (see below) )
1888.
6 g J-J
400,000 Jan. 1, 1908
gold,$l,000.8inking Subject to caU at 110 in 1899.
fund, $500,000... c* Int. at Mercantile Trust Co. (trustee)-, N.Y. City.
1st 00 sol. mortgage )
See text
Jan. 1, 1928
1902
5 J-J
.$2,000,000i$l,000) \ Int at Central Trust Co.. N. Y., Trustee.
i
Bonds guaranteed —
$250,000
July 1, 1909
St. Ry. 1
1889.
5 g J-J
IstM. +250,000 gold [Subject to call at 106 in 1899.
$1,000 guar. p. A i. Interest at Mercantile Trust Co., trustee. New
Council Bluffs
f
(end.)sinkingfiindc'
York City.
Storks and Bonds--0\ the new mortgage for $2,000,000, $900,000 are
Council Bluffs
d. posited as part security for 'h<- bouds of the Omaha
Street Ry.. $650,000 are reserved Jor prior liens and *4.';o,000 for improvements, of which latter none had been issued in F«-bruary, 1P03.
Tt;e $100 000 first ts unissued are depo.^ited as security for the O. &
Bridge consol. 58, as also are $600,000 bonds of the Omaha
C. B. Ry.
Council Bluffs
Suburban Ry. The .siukine fuiul on the first 6s was
$20,000 yearly till Tan. 1, 1899. and thereafter $30,000.
Road— Operates 31-97 miles of track, inclndinsr the traclage of the
Omaha Council Bluffi Suburban Railway and the Lake Man wa &
Manhattan Beach Ry comprising the entire ftre t railways of CounAlso owns bridge between Omaha and Council Bluffs over
cil Bluffs.
J
&
&
CO.-
CRQANIZATION.
Organization— Chartered March 1, I88O.
present management took charge.
Date.
interest.
Stock 4 Bonds—
OLEAN ROCK CITY & BRADFORD
Organization.— Incorporated in New York on June 22, 1897.
Date, interest.
Outsiand'g.
Maturity.
Stock & Bonds—
•Stock, $210 000 ($100)
$210,006
Ist mortgage, $200,000,
1900 5g.MN//
200,000
May 15, 1920
gold
s Interest at Amer. Loan & Trust, Boston.
Notespayable June 30. 1902
$45,022
Earnings—For fiscal year ending June 30, 1902: Gross, $47,688;
'
all of
Stock, $150,000 ($100)
6M-8
Bond.s— Sinking fund on Ist mortgage of 1899 became operative in
Nov., 1901, $4,000 being paid annually. Bond^ cannot be called.
Latest Earnings- For 7 months ending Jan. 31, 1903, gross,
$41,940; net, $19,657; charges, $10,243; surplus, $9,414.
Earnings-Year to June 30, 1902: Gross. $53,822; net, $24,703;
other iLcome, $2,218: int. and taxes, 16,493; sur., $10,428.
Road— Owns and operates 25 ml'es of road; sidings, 1; total, 26,
from Olean to Portville, Allegany anil Bolivar.
Officers— President and Treasurer, Wilson R. Page; Secretary and
Supt., Irving W. Miller, both of Olean.— V. 65, p. 152; V. 73, p. 495.
&
&
,
the Missouri Ri er.
Officers— President, N. W. Wells; Vice-President, Geo. F. Wilgh^
Secretary. C. T. Stuart; Treasurer, J. H. Millard; Superintendent,
'
\V.
B.
Tarkmgton.-
V. 65, p. 236; V. 69, p. 492.
ONEONTA,
N. Y.
ONFONTACOOPERSTOWN& RICHFIELD
SPRINGS RY.-To be a
trolley road.
Organization.- Originally chartered on Ju'y 30, 1?97, as the
Oneonta & Otego Valley RR.. but name changed to tht- above on Dec.
10,1900. In May, 1902. was granted permission to increase capital
ttock from $1,000,000 to $1,500,000 for the purpose of extensions.
Stock
&
Bonds—
Date.
Ptock, $1,500,000 ($100)
Inttresl.
M
Outstanding.
$1,28^.000
Maturity.
5 g.
N l,2'-9.000 May 1,1944
IstM., $1,500,000) 1902
0* 5
gold ($1.000),
Int. at Knickerbocker Tr. Co., N.Y., Trustect
Bonds- 01 the $1,500,000 new bocds $750,000 was used to retire the
old first mortsrage bonds of like amount. Can be called on any interest date at 107^ and Interest.
Road.— Cpermes 52 mi. oh of track between the points named In the
Au extension from Richfield Springs
title; completed in .Sept., 1902.
to Mohawk, 13 ii.lles, is now under construction, and is expected to be
completed about July, 1903.
Officers— PteMdent, Norman Getm.an; Vice-President, Edward O.
While; Secretary, Chas. V. D. Peek; Treasurer, Herbert T.Jennings,
206 Broadway, New York.-V. 72, p. 83; V. 73, p. 32; V. 74, p. 988.
New
ORANGE, N. J.
MOUNTAIN TRACTION
ORANGE Successor
Orange Mountain Cable Co.
OrQANIZATION—
1895.
to
Stock, $100,000; par $100. Jan.
1,
CO.-
sold Oct. 9,
1902, real e.statemortgage8,
STREET RAILWAYS.
Owns l^a miles of cable lucllne.
$47,500; unfunded debt, $6,000.
extending to top of Orangre Mountain, in Township of West Orange;
also power liouse, machinery, 19 acres of land, pavilions and amusement resort at summit of mountain.
Earnings— For year ending Dec. 31, 1901, gross, $6,060; deficit under
operation, $635. President, David Young Jr.; Secretary and Treasurer,
A, F. Skinner. Nutley, NJ.— V. 60. p. 968,1010; V. 61, p. 366. 662
SO. ORANOE & MAPLEWOOD TRACTION.-
OrQANIZATION— Consolidation in July, 1901, of th» South Ora 'se A
MaplewoodTr.Co.andthe South Orange & Maple wood St. Ry. Stock authorized and paid in to Ft^b. 1, 1903, $200,000: bonds have been
authorized, but none issued to date mentioned; other debts were on
Jan.
I.
1903. $20,613.
Road— Length
of main line, 2*6 miles, double track; total trolley, in»
clurtmgsidings, 5*5 miles. (4 a age, 4-ft. Sigin. Rails 56-lb..T and lOOlb,
girder. Has 8 cars. Power rented. Cost of road and equipment to
Jan.
190c, $219,131.
Earnings— Year ending Dec. 31, 1902. gross. $21,072; net, $2,070
Officers— Pres., Edward D. Page; Treas., John O'Rourke.
1,
PASSAIC VALLEY RY .-TroUeyroad
ORANGE &Incorporated
successor
Suburban
1898
Organization-
of
as
in
Traction Co.; sold in foreclosure July 6, 1^98.
Outs'ding.
Maturity
Date
interest.
Stock
Bonds—
Stock, $1,000,000
....
$1,000,000
5J-D 590.000 Deo. 1.193'*
} 1898
l«.tTnnrt
ooo ooo
ist mort., «i
$1,000,000
^j^ ^y^j. ^ ,j,j. ^o. of Jersey C'y, Tr
|
Road—9'10 miles of track on 7 miles of streets in Bloomfleld.
Orange, West Orange and East Orange
Earnings— Earnings lor year ending Dec 31:
Earnings.
Expetidilures.
1901.
1900.
1901.
1900.
Prom pas'ng'rs. $81,771 $73,048 Repairs
$1,433
^ «qq qo9 J
Other sources. .
1,124
3.802 Sup'ten.&man. S '*"^^-^^^ \ 38.691
&
Earnings—For year ending Deo.
OSHKOSH. WIS.
WINNEBAGO TRACTION CO.-A troUey road.
is a reorganization in 1900 oftheCiti
lucorporated under the laws of Wisconsin.
Population served (estimated) 1900, 50.000. Franchises run to 1932
Organization, Etc.— This
£en8' Traction Co.
Stock
&
Bonds—
Date,
Stock, $650,000
Ist mortgage. $1,000,000,
gold, $1.000
c*
<
I
Maturity.
interest. Outstand'g.
$650,000
190O 5g. A-O 555,000
Trust Co. of America. N.
Apr.
1.
1930
Y.. trustee.
jBon^t—,$445,000 are reserved for future purposes. Bonds are redeemable at 110 and accrued interest, upon six weeks notice.
Road— Owns and operates 30 miles of road. 15 miles in Oshkosh and
15 miles of tnterurban road running to Neenah and Meustha.
Earnings— For fiscal year ending March 31. 1901. net. $32,903;
Charges, $27,500; surplus. $5,403.
Officers— President. Emerson McMUUn. New York; Vice-President
and General Manager, E. E. Downs, Oshkosh; Secretary C. T. Scoville,
New York.—V. 72, p. 723; V. 73. p. 446; V. 74, p. 885.
OSSINING, N. Y.
^VESTCHESTER TRACTION. -A trolley road.
'
>
.0' s N. Y. Security & Trust Co., N. Y.. Trustee.
Bond«.— $4^0,000 bonds are reserved for con.^truction of extension
to Portchester. balance is issuable at not exceeding $30,000 per mile
($1,000)
new road.
Road— Owns about 5
of additional
miles of road and power house in Ossining.
Extension of 15 miles to White Plains and Pjrtchester is under construction, to bp completed in the spring or 1903. Fifty miles in all
proposed to various places In the county.
Officers— Prcident, W. D. Marks. New York; Sec'y and Treas., J.
M. Cronly, New York. V. 74, p 428. 933, 1040
This
OSWEGO,
December. 1902.
quenc page.
N. Y.
TRACTION.-Trolley.
company was acquired by the
Rapid Transit Co. in
See statement of the latter company on a subse
Syracu.se
Organization— Incorporated at Albany June 1, 1899. as successor
Oswego Street Railway and the Luke Ontario & Riverside, sold
at foreclosure April 10, 1899, according to plan in V. 65. p 278, but
not formally turned over to the new company until Feb. 1, 1900.
Charter perpetual.
Date, interest. Outstand'g.
Stock
Bonds—
Maturity.
Stock, com.. $200,000 ($100)
$200,000
Fref., $100.000.non-cu. ($100)
4
100,000
Ist mtge., $100,000. gold, s 1899
.^g. J-D
97.000 June 1,1929
$1,000
< Trustee, Knickerbocker Tr. Co., N. Y.
8 $191 000 June 1,1929
2d mtge..
$200,000. **
($500)... \ ^^f\^ ^
"
to the
&
M
Knickerbocker Trust Co.. trustee.
Road— 11^ miles of track. Kails 35 to 109 1b. standard gauge.
Operates 26 cars.
Earnings— Year ending June 30, 1902, gross. $41,017; net. $8,393;
•
'
<
charges, »13,50.i.
Officers —President, S. M. Coon; Vice-Pres., Charles A. Tanner;
Treas.. James P. Doyle; Sec'y, Dan'l A. Williams— all of Oswego.-v.
65. p. 27-: V. 67. p. 1161; V. 68, p. 474. 77V. 1133; V. 69, p. 1148; V.
75, p. 1365.
OTTAWA,
ILL
OTTAWA RAILWAY LIGHT
CO.— A
trolley.
&
POWER
ORQANIZATION.-Organized In March, 1899, under the laws of Illinois, and in July. 1899. purchased the Ottawa Street Rail wav (previously sold at loreclosure) and the Thomas Electric Light & Power
Co. Water power Is used in generating electricltv for both light and
railway. Franchise perpetual for electric lighting and until March.
1919, for railway. Leases Illinois Riv. Ky. and guarantees its bonds.
Stock
&
Bonds—
Date,
interest.
Outstand'g.
Maturity.
Stock authorized, $150,000...
150 OOC)
Ist M., s. f., g, $150,000, > 1899 5g. A&O
150.0
Apr.l.i929
$1,000 and $500
< Int. at American Loan & Tr., Boston.
Sinking fund of $2,000 a year is provided, to b i Invested in the bonds
If they can be purchased at 10."» or less.
E. H. Rollins &. Sou, Boston,
floated the bonds.
.
Gross, $51,827; net,
Road and Plant— Operates about 8 miles of line, covering the prtnolpal streets of Ottawa, and also runs out of the city to Ellis Park, a
pleasure resort on the Jllinois River. Also has extensions from Ottawa
to Marseilles and from Ottawa to Buflalo. Equipment, 11 motor and
7 trail cars. Has both steam and water power plants for generatlii(<
power, which can be operated independently if nece-ssary. Is supplying 130 arc and 7,435 Incandescent lights and operating three 50light arc dyoamos, belonging to the city, for street lighting.
Officers —President. F. S. Donnell. 45 Milk St., Boston; Secretary,
Treas. and Man., Louis W. Hess, Ottawa. Ill —V. 71, p. 1013; V. 76, p436.
(
)
•
ILLINOIS RIVER RAILWAY.-A
trolley road.
OrQANIZATIon—Is leased to the Ottawa Ry. Light & Power Co. for
"20 years.
The lauer guarantees the bonds, principal and interest by
endorsement.
Stock
&
Bonds—
Dale.
Stock, $150,000 ($100)
1st mort $liO.0O0. g
(fl,000) guar
.
J?o'id«.— No .-inking
1901
.)
^
5 g.
Sept. 1, 1921
100.000
Bk Chicago, trustee.
cannot be called
M-S
Am. Tr
Int at
fund and bon
Maturity
Ontstnnd'u.
$l'i0.000
Interest.
is
<fe
Sav.
,
Road— Operates 8 miles of track between Ottawa and Marseilles on
private right of way. 65-lb. T lail
Officers— Pi'esident, F. S. Donnell; Sfcretarv, Josiah Gratty;
Tre.isurer, M. F. Skinner. Bostou.
OTTUMWA,
IO^VA.
& LIGHT
OTTUMWA TRACTION
the Ottumwa
successor
CO.
TroUey.
Klectric &. Steam, which
In turn succeeded the Ottumwa Electric Ry. Co. Franchises for
street railway, electric lighting and steam heating plants were extended by municipal election on July 8, 1901, for a period of 25 years.
Date. Interest. Outstanding. Maturity.
Stock
Bonds
Organization- Is
to
—
&
Common. $300,000
$300,000
200.000
Pref $200,000 5% non-cu
300,000 Oct. 1, 1921
Ist mort. $500,000 ($1,000) ) 1901 5 g A-O
0*5 Int. at U.S. Mort.&Tr. Co., N.Y., Trustee.
gold, 8. f
Hond$—Ot the authorized issue of $500,000, $200,000 are reserved
for extensions and betterments to the extent of 75 p. c. of cost, provided net earnings for year preceding equal double the amount of interest on old and oroposed bonds. But at least $75,000 must first be
expended on property. Bonds can bB called after Oct. 1, 1911, at
105 and interest and each year thereafter at 'h per cent less. Bonds
numbered 1 to 20 may ne redeemed at 105 and int. after Oct. 1. 1907.
Sinking fund ot$b, 000 bonds annually is operative from 1907 to
1909, and $8,000 bonds annually from 1910 to 1920. Proportionate
«. f. is provided for the $200,000 res' rved bonds as they are issued.
.
V. 74. p. 95
.
Earnings— For year ending
Sept.
30, 1902, gross,
$124,785; net,
$52,568.
Road—In 1902 company operated
ll^a miles of trolley in city of OtAll operated by electricity. Weight of rails. 60-lb. TStandard guage. Also does municipal, commercial and resiaence electric lighting; supplies electric power lor stationary motors, etc., and
operates a "system of steam heating, with 3^ mUes of mail s.
Officers— Presidert. j. H. Merrill; 1st Vice-Pres., G. w. Wattles.
Omaha; 2d Vice-Pres., Samuel Mahon; Sec. J. B. Sax: Treas.. J.
Garner; Gen. Man., J. F. Springfield.
tumwa, Iowa.
W
OWENSBORoT KY.
Organization- This company, merger on Feb. 17, ;1902. absorbed
the Osslning Electric Ry., which was chartered June 7, 1893.
Date.
Outstand'g. Maturity.
interest.
Stock AND Bonds—
Stock. $1 500,000 («100)
$300 000
Ist mort., $1,500,000, g
1902
5e. A-O
150,000 Oct. 1. 1932
OSWEGO
31, 1902.
$17.8-i7
^j
Net
$42,973
36,726
$82,895 $76,850
Officers- President, Charles A. Sterling; Vice-President. David
Young; Sec. and Treas., Wm, G. Shailer.—V. 67. p. 75; V. 68, p. 381.
63
OVv^ENSBORO CITY RAILROAD- A trolley road.
—
Organization Chartered in 1886. Frauchise runs till 1936 and
elves exclusive rights to operate street railway iu said city. Co jipany
win make a new mortgage for $200,000. which will take up the old
6s. pay floating debt and provide for extensions.
mies. Date, interest. Outstand'g Maturity.
Stock
Bonds
—
&
«tock.$50,000(par$50)
$50,000 f. p
1908
^"^ ^^^S
25,000
6 J-J
\
IstM
$500 each
istM., :t.DUueacu
interest at Louisville Banking Company.
:d $100,000 ($500). cur., < 81a 1894
Jan. 1, 1917
6 J-J
75,000
uot subject to call
\ Interest at Louisville Trust Company.
Bonds Of second 6s $25,000 reserved for first mortgage when due.
Road Owns 3 ^a miles of trolley t-ack in Owensboro and suburbs.
All new 40 and 5t>lb. rail; 15 motor cars, double G. E. 600; 5 trailers.
Road is still m course of reconstruction and extension.
Officers— Pres.. Chas. Brocker Vice-Pres., R. S. Hughes; Sec. and
Treat-., J. H. Parlsli — V. 75. p 667.
—
—
PADUCAH, KY.
PADUCAH CITY RY.-A
trolley road.
Organization— Incorporated in Kentucky on May 21, 1902, as a
succcessor to the Paducah Ry. & Light Co., which was a consolidation
in 1898 of the entire street railway auo «lectric-lighting plants of Paducah. In 1902 a reorganizatiou took place. Was granted a new franchise running until Aug. 1, 1922.
Date, interest. Outstanding. Maturity.
Bonds—
Stock
Stock, $300,0(10. $5b
$30©,000
Pad. Ry.
Lt. Ist mort., ) 1898 6 g. J - J
400,000 -TiUy 1,''1918
$400,000 gold
5 Int. at Amer. Tr. & Sav. Bk., Chic. Trus.
Paducah City Ry. M., $1,->1902 5 g. J.-J
600,000
Mav 21.'32
000.000,g.,($500-$l,00 i)c'< Int. atN.Y.Security&Tr. Co.,N.Y.,Tru8.
«onds—Sinking fund of Paducah Railway
Light Co., July 1, 1903.
3 p. c. annually of amount outstandmg. Bonds are redeemable at
105 after 10 years. Of the *1,000,000 Pad. City Ry. Issue, !t'400,000
reserved to take up the prior bonds.
Road— 15 miles of single track; 3 miles additional to be built.
Earnings— Gross earnings for 1902 were $12^,828; in 1901, $117,161. - V. 67, p. 127. 483; V. 74. p 1140; V. 75. p. 135.
Officers.— President. Geo. C Thompson, Paducah; Vice Pres.. Geo.
C. Wallace, Paducah: Sec. and Treas., A. L. Rich, Cineiuuati, O.: Mgr.,
Harry Porter, r aducah.
&
&
&
PAINESVILLE. O.
PENNSYLVANIA & OHIO RY-A trolley road.
Organization— Incorporated on March 17. 1898. to build an elecroad from Couneaut westward to KingvUle. Ashtabula, Sayitrook.
Palnesville and Geneva, there to connect with extension of Cleveland Painesvllle & Eastern Ry. In operation from Conneaut to Ashtric
tabula. 7 miles.
Stock
& Bonds—
Stock (par $ 100) $700,000
Date,
interest.
Outstand'g.
Maturity.
$600,000
580,000 Mar.l5, 1922
1st mort. $60d.'oo6"goYd.o* / 1902 5 g. J&D
S500 each
s Int. at Sav. & Trust Co.. Cle v., Trustee.
Road— Owns 7 miles of road; total length of projected road, 44 miles.
Officers— President and Purch. Agt., Thomas Frlcke; Vice-Pres.,
W. F. Stanley; Treasurer. B. W. Baldwin. Office at Ashtabula.—
,
V. 74. p. 478.
}
STREET RAILWAY b.
64
PHILADELPHIA, PA.
PALMER, MASS.
SPRINOFIELD & EASTERN
ST. RY.-TroUey.
Organization— This company -was formerly the Palmer & Monson
St. Ry., but In May, 1901, name was changed a8 above.
Maturity.
Dale. Jnlerat. Chitsland^g.
Stock & Bonds—
$370,000
...
Stock, «370,000 ($100)...
Jan. 1, 1922
330.000
let mortgage, *500,000. J 1902^5?. J.-J.
gold ($1,000)
c* SInt. at Hampden Tr. Co., Springdeld, Trus
Bonds— $1':0,000 are reserved for an extension to Springfield
Bond." are subject to call after Jan. 1, 1907, at 110; after Jan. 1, 1912
at 1071-2, and after Jan. 1. 1917, at 105.
Road— Owns and operates 15 miles of road from Monson through
Palmer to Ware, and 5 miles from Palmer to Bondsville and Three
Bivers; an extension of 9^ miles from Palmer to Ludlow was completed
and put in operation on Sept. 17, 1901; total 29^ miles. Is controlled
by the A. M. Yoimg syndicate.
Officers— President, Chas. F. Grosvenor; Secretary, A. Pinney:
Treasurer and Gen. Mgr., A. J. Purinton. V. 73, p. 617, 1062, 1265; V.
74, p. 630, 1356.
.
PARIS, TEXAS.
N. Y.
PEEKSKILL LIOHTINO & RR.as the Peekskill Lighting Co on July
purchased the Peekskill Gas Light Co. and
Peekskill Electric Light & Power Co. Name changed as above upon
purchase of the Peek.skill Traction on Aug. 30, lyOO. Comprises all
the gas electric light, power and street railway interests of PeekskiU.
Franchises of electric-light plants and railways are perpetual. Gas
OrQANIZATION— Incorporated
12, 1900; subsequently
franchises liberal.
Bate.
interest.
Outstand'g.
Maturity.
$350,000
Ist intge., $750,000 \ 1900
5 g. A-O
500,000
Oct. 1, 1930
($1,000) gold. S.F...0* 5 Int. at N. Y. Sec. & Trust Co., N. Y., Trustee.
Bonds— Whole issue (but no fractional part) can be redeemed on any
Interest date at 110 and interest after Oct. 1, 1905. Sinking fund is
provided at the rate of $10 80 per bond outstanding, beginning Oct..
1903. Of tlie $250,000 bonds unissued, $75,000 may be used for part
payment of cost of extension to Verplanoks Point, recently completed,
and the remaining $175,000 for extensions, etc., at the rate of 7t> per
cent of the actual cost, and only when net earnings ot the previtms
twelve months are equal to at least twice the interest on the
outstanding bonds and the proposed issue.
Latest Earnings— For 6 months ending Deo. 31,1902: Groes, $56.546; net, after deducting taxes, $22,729.
Earnings of consolidated properties for year ending June 30, 1902.
Gross $86,795; net, alter deducting taxes, $30,402; interest, $23, 1:^5'
(iflOO)
surplus, $7,277.
Road— Owns and operates 11 miles of track in Peekskill and to Lake
Mohegan and Verplanck's Point, withbranch to State Camp. The new
consolidated power house commenced operations in Feb 1902.
Officers— Pres., B. B. Nostrand Jr., Peekskill; Sec, Alfred Ely, 31
,
N. Y. City; Treas., H. Hobart Porter Jr., 31 Nassau St., N.
Y. City; General Olfice, Peekskill, N. Y.
V. 69, p. 852; V. 71, p. 913;
V. 74. p. 78.
Nassau
St.,
PEORIA, ILL.
CENTRAL —RAIL'WAY.-A trolley road.
&
Miles. Date, interest. Otitstand'g. Maturity.
Stock
Bonds
8t'k $750,000 (par, $100)
$750,000
let M., $750,000, gold, )
1895 5g.A&0
500,000 Apr.1,1915
0* 5 Interest atN.Y. Security &Tr.Co.,N.Y.,tru8tee.
($1,000)
Bonds of 1895 cover the entire system, including the lines of the Fort
Olark St. Ry., control of which was acquired in Aug., 1895. V. 61, p. 793.
Road— Owns 60 miles of track.
J. N. Ward; Treas., tt. J.
Agt., J. Finley. V. 61, p. 966.
Officers— President, Walter Barker; Sec,
Woodward General Mana. and Purch.
;
PEORIA & PROSPECT HEIOHTS RAIL"W AY—A trolley road.
Organization— Successor to the Glen Oak & Prospect Heights Rv.,
purchased by ibis company in Nov., 1897. Capital stock, $100,000;
no bonds. Operates 7 miles ot track.
Officers— President, John Finley; Secretary, J. N. Ward.
& PEKIN TERMINAL RAILPEORIA
Y.-^bieam and
WA
electricity.
in Illinois as Peoria & Pehin Traction
1897, to build and operate a terminal system in and between
Leases
from
Pekin.
Chic.
R. I. & Pao. the Peoria Terminal
Peoria and
RR.for 50 years from December, 1897. In May, 1899, name changed
Terminal
Railway.
Pekin
to Peoria <fe
Date.
interest. Outstand'g. Maturity.
Bonds—
Stock
Stock, $700,000 (par $100)
$600,000
663,000 See text
5g. J-J
p*( 19^0
iqtm «7nnono eoi<i
] l"t- ^^ ^- S- Mort. & Trust Co., N. Y., also
ttwino pppi?
« 1t
each, s.
$1,000
/
^^^ ^oyal Trust Co., Chicago, trustee.
Bonds— Ot the $663,000 bonds issued, $513,000 are due Jan. 1,
1930, and remaining $150,000 in varying amounts yearly from Jan. 1,
1905 to 1929, Inclusive; an additional $68,000 bonds can be issued
to 80 per cent of cost of future improvements. V. 70, p. 946.
Earnings— For year ending April 1, 1902, gross, about $110,000.
Road— Entire line 35 miles of track; owned 17*5 miles; leases 9*5
miles, and has rights over five miles of local street railway in Peoria
with privilege of transferring over 46 miles additional. Freight and
through passenger business handled by steam. Local passenger
business in and between Peoria, Pekin and Crescent by electricity.
The company has union depots In both Peoria and Pekin. Track laid
with 70-lb. T rails.
Officers— President, T. J. Miller, Peoria; Vice-President, W. H.
TiumbuU, Salem, Mass.; Treasurer, P. L. Saltonstall, Boston; General
Manager, L.E.Myers, Chicago; Traffic Manager, Q.W. Talbot; General
Sunt., N. C. Draper, both of Peoria.— V 68, p, 673; V.70, p. 946; V.71,
Organization- Incorporated
Aug.
5,
&
p. 30.
Exchange.
&
Date. Interest. Outstanding.
Maturity.
Stock
Bonds—
Com.8tk.()i!50), $25,000,000
$3,851,000 Mar.,'03,li2%
Collat. Trust $2,500,000, ) 1901 5 g. J-D
2.500,000
Dec 1, 1911
g.conv.($500&$l,000 c* S Int.atJProvldent Life Tr.Co., Phila., Trus.
&
Bo»if?.s.— The
npwcoUateral trust bonds are redeemableatlOS and accrued interest after Nov. 1, 1904, but are convertible into stock at par
at option of holder at anv time before that date. The collateral for the
bonds consists of $1,050,000 stock (out of $1,100,000 issued) of the
People's Ry. of Dayton; $1,600,000 first oonsol. 5s of the Chicago &
Joliet Electric Ry., and $500,000 first mortgage 68 of the Springfield
Ry.
(O.)
CONTROLLED.—The following is
June
a list of the securities
30, 1902:
owned by
Owned by
$100,000
Stock, 1-100,000
June 1,1932
5 g. J-D
100,000
lat mort., $100,000 > 1902
gold ($1,000) o.*...
5 Int. at Colonial Trust Co., »t. Louis, Trustee.
Bonds -Are subject to call on and after June 1, 1912, at 105, and interest on any interest day on 30 days notice. Otis,Wil8on&Co. offered
the bonds for sale in July, 1902.
Road- Operates 513 miles of track; 56 lb. rail; 8 cars.
OFFICERS.-President. T. W. Crouch. V. 75, p. 185.
& Bonds—
Stock. *5OO,C00
recently incorporated, which latter had only $1,000 of outstanding
stock. Stock and coll. trust bonds are listed on the Philadelphia Stock
A
Outstanding.
Orqanizatiom.— Is controlled in the same Interest as the Paris Light
& Power Co. Franchise rims for 50 years from April 27, 1901.
Ovtstandinq.
Maturity.
Date.
interest.
Stock & Bonds—
Stock
CO.-
Organization— The American Railways Co. was incorporated under
laws of New Jersey in 1900 as a consolidation of the former American
Railways Company and the United States Electric Ry. & Light Co.,
the American Railways Co.
PARIS TRANSIT CO-A trolley road.
PEEKSKILL,
AMERICAN RAIL^VAYS
M.
Cost.
()o.
$115,3i0 $415,350 $56>*,359
Altoona & Logan Valley stock
Bridgeton Electric Co. stock
25,000
25,000
17,270
Bridgeton & Mlllville (N. J.) Traction
Co., stock
200.000
159,364
200,000
Chicago Union Traction Co., stock....
500.000
] Com'. 250000 ^
49,425
'30,850
t200.000
CitvPass
Rv (Altoona).
fAltoonal 5 Stock
city
i-ass. Ky.
200
200
50,000
^ j ^^ ^tge..
Du Page Construction Co., stock
25,000
^-5,000
25,000
People's Ry. of Dayton, O., stock
1,100,000 1,099,600 1,321,076
Springfield Light »fc Power Co., stock. 200,000
190,203
200,000
(IstM. 6s... 500,000
500,000
500,000
Springfield, O., Ry. Co... ^Income 5s. 100,000
99,700
79,829
(Stock
57.469
1,000.000
953.100
t Of this amount the Altooua & Lugan Val. Elec. Co. owus $169,150.
The Du Page Construction Co. owns all the stock ($2,300,000) and
all the bonds ('*1, 600.000) of the Chicago & Joliet Electric BaUway,
and aU the stock ($1,100,000) and all the bonds ($1,000,000) of the
Chicago & Desplaines Valley Electric Railway.
*
TREAStJBER'S BEPORT FOR 12 MONTHS ENDING JUNE 30.
Gross income, all sources
Total deductions from income
1901.
67.ti53
$274,623
48.517
$302,731
$iJ26,106
.(4% %)17'«,178
112,530
$113,576
Net income
Dividends (434 p. c)
Surplus
1902.
$370,384
$124,553
Dividends— TiveX div. on Amer. Railways Co. stock of 1 p. o. paid Dec.
15, 1900; in 1901, 4^4 p. c; in 1902, 5^4 p. c; in 1903, March 16, lis%.
Controlled Companies of the American Railways Co. For year
ending June 30, 1902, the compaiues controlled earned combined:
Gross. $1,009,496; net, $439,534; in 1901.«?ro8s, $844,297; net, $361,658; in 1900, gross, $778,042; net, $353,365.
Road.—Total track owned and controUed of all properties, aboat
190 mUes.
Officers of American Railways Co.: President,
;
W. F. Harrity; Sec. and Treas., C. L. S. Tingley; Counsel,
W. Pettit; Gen. Man., H. J. Crowley. General oflices. 905 to 913
Witherspoon Bldg.,1321 Walnut St.. Philadelphia.—V. 71, p. 27. 287,
491. 1012. 10«5, 1218. 1310; V. 72, p. 531, 987. 1033, 1186, 1278; V.
73, p. 31, 183, 615, 662, 1008, 1060, 1158; V. 74, p. 882, 935, 1354;
Vice-Pres..
Silas
V. 75, p. 496, 665, 1030, 1398.
(1)
BRIDGETON & MLLLVILLE TRACTION.—Trolley.
In New Jersey as successor May
ORQANIZATION—Chartered
3,
1897,
South Jersey Traction Co., sold in foreclosure. Company owns
two toil roads besides the trolley road. Franchise perpetual.
to the
&
Date,
interest. Outstanding.
Maturity,
BondsStock
Stock, $5t 0,000 ($50)
$200,000
1st M., $500,000, gold, ( 1900
5 g. J-J
500,000
Jan. I. 1930
guar. ($1,000 & $500) I Int. at Equitable Trust Co., Philadelphia,
(cannot be called).. *c. (Trustee.
Bonds— "Fov form of guaranty by American Railways Co. see V. 71, p.
491. The bonds were listed on the Phila. Stock Exchange in Feb., 1901.
The following are deposited as security under the mortgage:
993 shares of the stock of the Bridgeton Rapid Transit Co.
370
Bridgeton & Millville Turnpike Co.
"
"
*'
*•
Bridgeton & Deerfield Turnpike Co.
277
$250,000 (entire issue) 5 p. c. gold bonds of the Bridgeton Electric Co.
Road -Bridgeton to Millville, 10 miles; Bridgeton to Cedarville,
8^4 miles; Bridgeton, local, 4 ^fi miles; also an extension of 12 miles
from Cedarville to Port Morris. Total, 35'7 miles.
Earnings— For fiscal year ending June 30. 1902 Gross, $76,393;
other income, $13,849; total income, $90,242; net, $36,510; interest
and taxes, $20,il4; dividends, $16,000; surplus, $96.
Vice-President, H. J.
Officers— President,
Ciowley; Secretary and Treasurer, C. L. S. Tingley; Gen. Mgr., B. F.
Hires.-V. 71, p. 340, 491; V. 72,p. 282.
:
;
(2) BRIDGETON ELECTRIC CO.
Acquired in 1899 by the American Railways Oo.
Organization— Chartered in New Jersey Feb. 4, 1896. Supplies
light and power in Bridgeton, N. J. Stock, $25,000. Bonds were $25,000. but in June, 1900, these were retired and a new issue of $250,000
1st mort. 5 p. c. gold bonds, $1,000 each, dated July 1, 1900, due July
Real Estate lltle
1, 1930, interest J. & J. atoflice of the company.
Ins. <& Trust Co.. Phila., Trustee, was authorized and pledged with
the trustee of the mortgage of the Bridgeton & Millville Traction.
This was done so as to bring the two properties (which are practically
one) under the one mortgage.
(3)
CHICAGO & DESPLAINES VALLEY ELECTRIC RY.—
in 1901 as a consolidation of the ChiRy. and the Desplaines Valley Eleo. Ry.
Maturity.
Date, interest. Outstanding.
Bonds—
Stocks
$1,100,000
Stock, $1,100,000
1901
5 M-N
1,000,000 May 1, '31
let mortgage, $1,000,0005
c* \ Int. at 111. Tr. & Sav. Bk., Chic, Trustee.
($1,000) gold
Bojirfs— The full issue of the new Ist mtge. bonds has been deposited
as collateral security under the bonds of the Chicago <te JoUet Elec By.
Ihe Du Page Construction Co. owns the entire capital stock, of which
$1,000,00018 pledged under the mortgage of the Chicago & Joliet
Electric Ry., and also owns the entire $1 .000,000 bonds, the whole
amount being pledged. Road in operation from the Will County line,
where it joins the Chicago & Joliet Electric Ry., to the city line of
Chicago on Archer Ave. J otal miles owned and operated, 23^2. The
through route between Chicago and Joliet was opened Sept. 25, 1901.
Vlce-Pres.. H. J.Crowley
Officers— President,
Sec and Treas., C. L. S. Tingley; Gen. Manager, F. E. Fisher.— V. 71
p. 1310; V. 73, p. 183.
Organization— Incorporated
cago
& Desplaines Valley Elec.
&
;
STREET RAILTVAYS.
(4) PEOPLES RAILWAY (DAYTON).—A troUey road.
Acquired in 1899 by the American Railways Co.
Organization— Incorporated in Olilo on June 18, 1896. Comprisee
23-2 miles ol track in the city of Dayton, Ohio. Extensions of about 8
miles are under construction. The American Railways Co. own
$1,099,600 of the capital stock.
&
Maturity.
Date. Interest. Outstanding.
Bonds—
Stock
$1,100,000
Stock. $1,100,000, $100
300,000 Oct. 1, 1925
Ist mort.. "White Line," ) 1895 5 g A-O
$300,000, g. ($500), red. wnt. at Union Savings Bank & Trust Co.,
Oct. 1, 190O, at $110.... ) Cincinnati, Trustee,
$150,000 Jan. 1. 1927
let mort.. "People's Ry.,") 1897 5gJ-J
$200,000 ($500), g., red. Vint, at Union Savings Bank & Trust Co.,
Cincinnati, Trustee.
after Jan. 1. '02, at 110. )
Officers— President, John A. MoMahon, Dayton; Ist Vice-President, H. J. Crowley, Philadelphia; Secy, and Treas.,C. L. S. Tingley,
Philadelphia; As-st. Secy., Eugene Wuichet, Dayton; Gen. Man., H.
S. Johnson —V. 62, p. 1140; V. 69, p. 744.
(5)
CHICAGO & JOLIET ELECTRIC RY.—Trolley.
«5
iJu7t</8— New 2d mtge. can be caUed on and after Sept. 1, 1902, at
105 and accrued interest on 30 days notice.
Dividends— V\ie,\, dividend paid Dec. 1, 1897, 2 per cent. None since.
Road—Traverses West Park and East Park, 8'47 miles of track, and
crosses the SchuylklU River on a steel bridge. Rails are 90 lbs.
Twenty closed and 50 open cars.
Earnings— Year ending Oct. 31, 1902, gross, $116,864; net, $58,337; ohar>;es, $55,488; surplus, $2,849. In 1901, gross, $111,575; net,
$61,026; charges,
etc..
$48,950; surplus. $12,076.
Officers— Prest., Charles A. Porter; Vlce-Prest.,Robt. H. Foerderer;
Sec. and Treas., EUsworth H. Hults; Ridge Ave. Bank BuUding, Philadelphia.— V. 65, p. 620; V. 70, p. 686; V. 71, p. 863.
PHILADELPHIA
& WEST
A trolley road.
TRACTION—
CHESTER
Organization— Chartered AprU 24, 1895. This company, in Oct.,
1898, absorbed the Delaware County Passenger RR. and the PhUadelphla Castle Rock & West Chester Passenger RaUway Co.; also purchased the majority of the stock of the Pniladelphia & Lancaster
was completed In
Organization—Incorporated as a consolidation of the Chicago & Turnpike Road Co., and line to West (Chester
stockholders ratified a lease
Joliet Rapid Transit Co. and the Joliet RR. Is operated by power Dec, 1898. V. 60, p. 837. In Jan., 1902,
of the Ardmore A Llanerch St. Ry., a line between the points named,
purchased from the Economy Light & Power Co. of Chicago.— V. 73,
Si^mile.^. Rental is 5 p. o. on the $200,000 stock and payment of
p. 844. The Du Page Construction Co. owns the entire outstanding
taxes and organization expenses.
*1. 600,000 bonds and the entire $2,300,000 capital stock.
—
Date. Interest. Outstand'g. Maturity.
interest.
Outstand'g.
Maturity.
Date,
Stock & Bonds—
Bonds
Stock &
.....$2,300,000
M-N 1,600,000 Mayl. 1931
0* 5 Int. at 111. Tr & Sav. Bk., Ohio., Trustee.
g., $2,000,000 ($1,000)..
1889
6 M-N
75,000 May 2, 1904
JolietSt.Ry. Ist M. $75,000.
325,000 Apr.30,1918
Joliet RR., general M., gold, ) 1898 5 g. M-N
$400,000 ($1,000 each)... ) Portland (Maine) Trust Co., trustee.
Bonds— Ot the new $2,000,000 mt.ge, $400,000 are reserved to retire
underlying liens. $2,200,000 of the outstanding capital stock of the
Chicago & Joliet Eleo. Ry., $1,000,000 ot the $l,lo0.000 stock and
$1,000,000 (entire issue) bonds of the Chicago & Deaplaines Valley
Electric Rv. are deposited under this mortgage as collateral security.
Entire issue of the $2,000,000 gold Ss may be called after May 1
1902, at 105 and interest. Of the loan of 1898, $75,000 will be used
to take up bonds due 1904.
Road—This road is in full operation from Joliet to the Will County
line, where it connects with the Chicago & Desplaines Valley Elect.
Ry. for Chicago. Operates in Joliet and to northern limits of Lockport, thence to Cook County line; total, 41 miles ot track. Line between Joliet and Chicago was formally opened Sept. 25, 1901.
Vice-Prest., H. J.
Officers— President,
Crowley; Secv. & Treasurer, C. L. S. Tingley, Gen. Man., F. E. Fisher.
—V, 66, p. 954; V. 67, p. 73; V. 69, p. 794, 905; V. 73, p. 183, 722.
Stock, $2,300,000 ($100)
Chlo. & Joliet Elect. Ry.
>
1901
5g.
:
(6)
Organization.- Incorporated in Ohio Oct. 20, 1892; 9,531 shares
of the capital stock has been acquired by the American Railwavs Company, which also owns the entire issue of Ist mtge. bonds
and $99,700 of the 2d mtge. bonds.
Stock
&
Bonds—
Date.
Interest.
.
Outslanding.
$1,000,000
Maturity.
1893
500.000 Jan. 1,1933
6 J-J
Interest at First Nat. Bank, Springfield, O.
1895
5
100,000 Mayl,1905
2dM., Income, $150,000..
Interest on firsts was reduced temporarily in 1897 from 6 to 4 p. o.,
Is now again 6.
Road—Owns 30*3
but
miles of track.
Earnings— Calendar year 1898,
gross. $94,662; net, $46,646; int.,
$20,000; bal., $26,646. In 1897. gross. $77,280; net, $32,302.
Officers— President, Oscar T. Martin; Vice-President, H. J. Crow
ley; Secretary and Treasurer. C. L. S. Tingley; Genl. Mgr., John H.
Miller.— V. 69, p. 439.
(7)
SPRINGFIELD (OHIO) LIGHT & POWER
CO.
Organization.— Incorporated on Oct. 24, 1891. Furnishes light
and power in the City of Springleld. Capital stock $200,000, all
owned by the American Railways Co. Bonds, $108,000 30-year gold
6 p. 0., interest J.&J, dated Jan. 1, 1892, due Jan, 1, 1922, subject to
call after Jan. 1, 1897, at 106, from the sinking fund in various
periods to 1921.
(8)
ALTOONA & LOGAN VALLEY ELECTRIC RY.- TroUey.
Qrqanization— Incorporated Deo. 12, 1892, and April 17, 1893, acquired by purchase $169,150 of the capital stock of the City Passenger
Ry. Co. Owns $60,000 of the $65,000 stock of the Lakemont Park Co,
also $18,000 Logan VaUey Land Co. stock.
The American RaUways Co. owns entire $415,350 stock of the Altoona & Logan VaUey Eleo. Ry. and $30,850 stock of the City Passenger Ry.
Stock
Bonds— Miles. Date. Interest. Outsta'g. Last Div., etc.
Stock, $500,000, $50
$415,350 In 1901-02 10%
1st M. $500,000 gold ) 1612 1893 5 g. J-J
470,500
July 1, 1923
$500 and $1,000. c. J Sink. fd. 1 p. o. yearly; bds. subj'ct to caU at 105.
Int. at Cassatt & Co., PhUa., and 1st Nat. Bk., Altoons
City Passenger Ry.- Stock (par $50) $200,000
See text.
1901-02,10%
Ist mortg'e $50,000, )
7^ 1892 5 J- J
50,000
Jan. 15, 1912
r. s Interest by Treasurer, Altoona.
$1,000
Capital stock of Passenger Railway Is $200,000, of which on June 30,
1902, $169,150 was owned by Altoona & Logan VaUey Electric Ry,,
and the balance ($30,850) by the American Railways Co,
2}07irfs— Sink. fd. on Altoona <e Logan Valley Electric Ry. Oo. 1st M. 58
commenced July 1, 1894; not less 1 p. c. par value of outstanding
bonds must be appropriated out of net earnings to retire bonds at or
below 105 and accrued Interest.
i>mdejids— In 1896 paid 2ifl per cent; in 1896-97 paid 2^ p. o.; in
1897-98, 1898-99, 1899-00, none; in 1900-01, 6'« per cent in 1901-02,
10 per cent.
Road—In June, 1902, was operating 29-3 miles of track (of which Q^
mUes owned by City Passenper Ry.) connecting Altoona, BeUwood and
HolUdaysburg. Extension of 7 miles under construction.
Annual Report.- For year ending June 30. 1902, gross, $155,462;
net,$98,yiO; llxed charges, $57,078; dividends, $41.. 535; surplus,
$297.
The City Passenger Ry. for year ending June 30, 1902. gross. $117,545); net. $53,070; fixed charges, $32,545; dividends, $20,000; surplus, $525.
&
;
Officers— President,
Crowley; Secretary and Treasurer, C. L.
Crane.— V. 69,
Vice-President, H, J.
Tingley; Gen'l Mgr., 8. a.
;
S.
p. 590; V. 72, p. 531.
FAIR.MOUNT PARK TRANSPORTATION
Organization- A New Jersey corporation formed In 1894. Charter
perpetual; license from Park Commission runs untU July 24, 1939.
Owns an electric railway in Falrmount Park. From Nov. 30 to May 1
operation is optional. Owns Woodside Park. Road opened Nov., 1896.
Date. Interest. Outstand'g.
Stock & Bonds—
Maturity.
Stock, $2,000,000 ($50)
See text.
$1,857,010
Ist M., gold, $500,000, caU)
1897 5g. M-S
500,000
Sept. 1, '12
105 after Sept. 1, 1902, S-Qirard Trust Co., PMla., Trustee.
($1,000)
c* ) As to bonds of 1897 see V. 65,620.
2nd mort. $250,000, gold, > 1900 5g. M-S
168,000
Sept. 1, '12
($1,( 00)
c* 5 Int. at Qtrard Trust Co., Phlla., Trustee.
Bills payable,
Nov.
1,
1902
65,000
$565,175
1898
J^
390,000 Oct. 1, 1918
g.
5
'fo<?05Tt.6ci^.f8B'9 \
Interest at Girard Life Ins. Ann. & Tr. Co., Phila., trustee.
1903 4g.J-J
(i)
1953
^?$l,^Or:' *^°^l^°-^-^-^?^cS
5owd/»— $400,000 of the new 4s are reserved to retire Ist mortgage
bonds, the balance to fund the floating debt and for extensions, &c.
Earnings— For year ending June 30, 1902, gross, $1 10,409; net,
$25,317; interest and taxes, $29,526; deficit, $4,209.
Road— Operates 20 miles from PhUadelphia to West Chester.
Leases Phil. <fe West Chester Turnpike Road Co. for 999 years from
1895. Also Ardmore & Llanerch, 3^ mUes, completed in May, 1902.
OFFICERS-President, A. Merritt Taylor, 700 West End Building,
Philadelpliia; Vlce-Pres., W. S. Taylor
Secretary, C. Russell Hlnchman; Treas., C. L. Riche. Office. 610 Arcade Building, Philadelphia.
;
— V. 69, p.
132; V. 7o, p. 1148; V. 76, p. 159, 266.
PHILADELPHIA
BRISTOL & TRENTON
PASSENGER
RY-Orqanization- Chartered December
the Philadelphia
SPRINGFIELD (OHIO) RA.ILW AY.—TroUey.
Stock (par $100)
Ist mort,, $500,000, gold..
Stock, par $50 ($1,000,000)
30, 1901, as a consolidation of
(purchased at receiver's sale
& Bristol Passenger Ry.
on Sept. 10, 1901), and the Bristol Passenger Ry.
Elevated is used.
Stock
&
Bonds—
The Neshaminy
Outstand'g.
Maturity.
$1,000,000
5g,M-S
650,000 Sept. 1,1932
i$l,O0O)
c* < Int. at Union Trust Co., Balto., Trustee.
Road Owns and operates 20 mUes of track from Torresdale to
MorrisviUe. Rails, 60 aud 90-lb. girder and 72-lb. T; gauge 5 ft. 2i«
inches; 11 cars, 3 engines and 3 generators 450 k. w. capacity.
OFFICERS-Pre.s., J. W. Ellard, Baltimore; Sec. & Treas, W. P. Sadler
Jr.. Trenton, N. J. Office, 129 Radclifi'e St., Bristol, Pa.—V. 72, p. 184;
V. 73, p. 663; V. 74, p. 95; V. 75, p. 395.
Date,
interest.
Stock (par $50). $1,000,000
1st mtge., $1,000,000 gold 5 1902
—
RAIL^W^AYS
COMPANY GENERAL-
Orqanization.—Incorporated at Trenton, N. J., on August 25, 1899
and is empowered to build, lease, sell, purchase and operate street
railways, electric light, gas, iUuminating plants and water works, and
also to acquire or dispose of the securities of the same. Stock auIs listed on
thorized, $1,200,000, shares $10; issued $1,200,000.
the Philadelphia Stock Exchange. Stock was orlglnaUy $10,000,000
(par $5) authorized and $1,500,000 outstanding, but was reduced in
Oct., 1901, to $1,200,000 (par $10) by vote of the stockholders. V. 73,
p. 338. Control passed in Nov., 1902, to parties represented by President Dick.
The following shows the securities held:
Total Issue.
American Engineering Co. (3t'k) com. and pref. $200,000
Elmlra <& Seneca Lake Ry. (stock)
300,000
Elmira & Seneca Lake 5s
300,000
Lewlsburg Milton & Watsontown Pass, (stock)
150,000
Lewlsburg M. & Watsontown Pass. 5s
150,000
Michigan Traction (stock
Michigan Traction 2d mortgage 6s.
Milton Electric Lt. & Power (Stock)
Montoursvile Electric Lt. (stock)
MontoursviUe Electric St. Ry. 5s
MontoursviUe Pass. Ry. (stock)
Newtown Electric St. Ry. (stock)
Newtown Electric St. Ry. 5s
Total
500,000
100,000
27,750
10,000
75,000
75,000
300,000
300,000
$2,487,750
Owned.
$200,000
153 000
230,000
150.000
150,000
340,100
100,000
27,750
10,000
75,<iOO
75,000
40.000
200,000
$1,750,850
of the railways from Jan. 1 to
Sept. 30, 1902, $207,749, against $167,159 in 1901; gross earnings
Latest Earnings— Gross earnings
Ught companies same period 1902, $15,894, against $14,654.
Report— For years ending June 30: Income from interest on bonds
of subsidiary companies In 1902, $24,618; in 1901, $50,626; salaries,
rents, taxes, etc., in 1902, $6,718; in 1901, $10,230; intere.st in 1902,
nil: In 1901, $$10,066; balance surplus in 1902, $17,900; in 1901,
$30,330.
Officers— President, Evans R. Dick; Asst, to Pres., Gerald Holsman; Sec. and Treas., John J. ColUer; Gen. Snpt., D. A. Hegarty;
Consulting Engineer, H. A. Foster. Main office: North American
Bldg., Philadelphia.— V. 71, p. 85. 237, 911, 1013; V. 72, p. 137, 392;
V. 73, p. 338, 445, 616, 723, 900, 1011, 1208; V. 75, p. 667, 1148.
(1)
MICHIGAN TRACTION OF
KALAMAZOO & BATTLE
CREEK—TroUey.
Organization— Incorporated in Michigan Deo. 31, 1896. A consolidation in 1897 of the Citizens' Street Ry. of Kalamazoo and the
Citizens' St. Ry. of Battle Oeek. Railways Company General owns
$340,100 of the capital stock and the entire issue of 2d mortgage
bonds. The Railways Company Gimeral is also building certain connecting lines or extensions under the charters of the Battle Creek <Se
Marshall Traction and the Jackson & Albion Eleo. Ry. In June, 1902,
the first mortgage bonds were listed on the Phlla. Stock Exchange.
Maturity.
Date, Interest. Outstand'g.
Stock $500,000 ($100)
$500,000
700,000 Jan. 1. 1921
Ut mortgage S. F. !t700,000 )
1901 5g. J-J
c* 5 Int. at Investm'tTr. Co., Phlla., Trustee.
($1,000), gold
100,000 Aug.l.l9H
2d mortgage, $100,000, g. )
1901 6g.F-A
($1,000)
5 Int. at Investm'tTr. Co., Phlla., Trustee.
.Bonds— Tlie entire 'issue of $700,000 was oflfered for sale in Feb.,
1901. by Dicfe Bros. & Co., FldeUty Title & Trust Co. of Pittsburg and
Tracy & Co. of Chicago. A sinking fund of 5% of gross earnings commences in 1902, to be used in buying bonds at not to exceed 110;
otherwise to be invested in other standard securities.- V. 72, p. 391.
Road— Has completed an interurban line of 28 miles between Kalamazoo and Battle Creek, which was opened for business Aug. 1, 1900,
STREET RAILWAYS.
66
wltli an extension of 4ia miles to Gall Lake and Yorkville, giving
wltli the city lines in Kalamazoo and Battle Creek altogether 49
miles.
Rails are of from 49 to 70-lb. T, and 90-lb. grooved girder rail.
Latest Earnings- For nine months ending March 31, 1902, gross,
$124,486; other Income, $853; net, $44,687; taxes and interest. $34,827; surplus, $9,860.
Report—Year ending June 30, 1901, gross, $136,306; operating
expenses, $83,171; net earnings, $53,135.
Opficers— President, E. R. Dick, Philadelphia Sec. andTieas., J. J.
CoUler. Philadelphia, Pa. -V. 70, p. 1049; V. 71. p. 85, 237; V. 72, p.
137, 391; V 73, p. 445. 1208; V. 74, p. 1196.
;
(2)
LEWISBURG MILTON & WAT80NT0WN
PASS.
RY.— A
trol-
Organization.— Chartered Sept. 3, 1897. Commenced operations*
in Ftb., 1898. Railways Company General owns all stock and bonds.
Maturity.
Interesl. Ouhtand'g.
Bate.
Stock and Bonds—
etock, $150,000 ($50)
..
$150,000
..
ist mortgage, $150,000 5 1898
5 g. J-J
150,000 July 1. 1928
c* \
Int. at Union Trust Co., Philadelphia.
($1,000), gold
Earnings. —For fiscal year ending June 30, 1902, were: Gross, .$22,843; net, $4,178; interest and taxes, $8,627; deficit, $J, 4 19.
Road.— Owns and operates 10 miles of track from Lewisburg via
Milton to Watsontown, Pa.
AMERICAN ENGINEERING CO.—
Organization— Incorporated under the laws
15, 1898.
(4)
of
New Jersey on Nov.
Capital stock of $200,000, half preferred, half
ELMIRA & SENECA LAKE RY.—A
common.
trolley road.
Organization- Incorporated in New York State on June 6, 1896.
Railways Company General owns $153,000 of the capital stock and
$230,000 of the bonds.
Stock
&
Bonds—
Date.
Interett.
Outstanding.
Maturity.
Stock, $300,000 ($100)
Ist mortgage, $300,000....
gold
$300,000
5g. J-J
300,000
July 1, '29
{ 1899
I Int. at American Trust Co., Phila., Trus.
Road— Owns 17 miles of road, running from Horseheads to Watkins
via MUlport and Montour Falls, to Seneca Lake. Full Une completed
and put in operation on May 19, 1900. The company has a trattic contract over six miles of road, connecting Horseheads and Elmira, with
the Elmira Municipal Improvement Co., now the Elmira Water, Light
& RR. Co. Total, 23 miles.
Earnings— For fiscal year ending June 30, 1902, were: Gross, $29,611; deficit under operation, $1,203; other income, $292; interest and
taxes, $17,725; deUcit, $18,636.
Officers— President, Evans R. Dick: Vice-Pres.. Jno. E. Mulford;
Secretary, C L Hathaway, Montour Falls, N. Y.; Treas., Jno. J. Collier, North American Bldg., Philadelphia.
&
,
(6) MONTOURSVILLE PASSENGER RAILWAY-A troUey road.
Organization.— Chartered in Pennsylvania June 28. 1897. Commenced operation December 16, 1897, and in October, 1899, the
entire stock was purchased by the Railways Company General.
Stock authorized and issued, $75,000.
Funded debt authorized
and issued, $75,000, 5 per cent 30- year gold bonds dated Aug. 1, 1898,
Interest J&j. Operates 5>fl miles of track, from Williamsport to Montonrsville. Pa.
Earnings— For fiscal year ending June
30. 1902, were: Gross, $16,$600; surplus, $1,706.
f Officers— Prest., Evans R. Dick; Sec'y and Treas., Jno. J. Collier,
North American Bldg., Pniladelphia.
006; net, $2,306; taxes,
.(7)
etc.,
Organization.— Incorporated on Apr.
&
Bonds—
27, 1897.
Outstand'g.
Maturity.
«tock, $350,000 ($100)
$350,000
1 St Mtge., $350,000...
1901
5J.-J.
350,00J Jan. 1, 1931
Earnings- Year ending June 30, 1902, Kross, $10,172; deficit under
operation, $l0.3:i2; fixed charges, $19,126; total deficit, $29,448.
Road— Operates a double-track road from Bufi"alo to Depew. l*"-.miles of track; 60-lb. rail; 5 cars In Oct., 1902, it was reported that
the road was to be extended lo Rochester.
Date.
Officers— President, Evans
interest.
R. Dick; Secretary,
PHILADELPHIA RAPID
John
CO —A trolley road.
leased for 999 years.
Earnings-- For fiscal year ending June 30, 1902, gross, $56,487;
net, $34,37^; taxes, $217; interest, $20,000; other expense.", $30,106;
$16,250.
UNION TRACTION.-A trolley road.
The Union Traction Co. Has been leased for 999 years from
1, 1902, to the Philadelphia Rapid Transit Co. Lease rental (payable in gold) is $900,000 i er annum (equal to 3 per cent on the face
value of the *30,000,000 stock) for tne first two years, $1,200,000 per
annum (equal to 4 per cent on stock) for the next two years, .•61,500,000 per annum (equal to 5 per cent on stock) for the next two years
and $1,800,000 per annum (equal to 696 on stock) thereafter. The
stockholders ( f the Union Traction Co. were Kiven the right to purchase 150,000 shares of the new Rapid Transit Co. stock. V. 74,p. 989.
Organization -Chartered Sept. 13, 1895, and acquired on or about
Oct. 1,1895, all thesharesof the Electric Trac. and People's Trac. companies, in place of which were issued collateral trust certificates
secured by the shares placed in trust. In 1896 leased these properties
for 998 years and 3 mouths from JiUy 1, 1896. On Oct. 1, 1895, leased
lor 999 years the Philadelphia Traction at 8 p. c on its capital etock
and has "assumed" its 4 percent collateral trust bonds. V. 61, p 663.
Leases (from Jan. 1, 1898) Hestonville Mantua & Fairmount Passenger Ry. for 999 years at 6 p. c. on preferred and 4 p. c. on common
stock see V. 66. p. 236. The Lehigh Ave. Ry. Co. ($600,000 stock)
was also leased for 999 years from July 1, 1899. These companies include all the leadinv street passenger railway lines within the city
of Philadelphia. See terms of consolidation, etc., in statements for
the constituent companies and V. 61, p. 152, 197, 283, 663. In 1901
acquired control, through purchase of entire capital stock ($78,000,
par $50), of Frankford & Fairmount Ry. Co., and leased same for 999
years from Jan. 1, 19(>1. This company has no funded debt. On
Jan. 1, 1901, also leased for 999 years the Lindley Ave. Ry., the Fisher's Lune Ry. and the Germantown
Fairmount Park Ry; noneof these
Z,ease-
July
&
have any bonded debt.
Maturity or
or
Outstanding.
last dividend.
Dividends,
Stock, $30,000.000, )
600,000 shares.Jan.l,'03,lia%
par $50
$17-50 paid in.
5
TrustCo.certifloates ) 1895
4g,A-0 29,725,864 red. aft. Oct. 1,'45
gold, guar. p. «fe i. ^ Interesl; at Pa. Co. for Ins. on Lives & Granting
by Union Tr
Annuities, trustee.
)
CoU.trust Istmort.,) 1902
July 1, 1952
4
$1,500,000
$1,500,000, gold. 5 Land Title & Trust Co., thila^elphia. Trustee.
Trust Certtflcales—The trust certificates are not the direct obligations of the Union Traction Co., but were issued by the Pa.
Co. for Ins. on Lives & Granting Annuities to pay for the shares of
the Electric and People's Traction companies purchased and are
secured by a deposit with the Trust Co. of all the shares of the stock
of the Electric Traction Company and the People's Traction Com
pany thus acquired. See description of certificates in V. 64, p. 135.
They are guaranteed, principal and interest, by the Union Traction Co.
and are redeemable at the option of that Co. on and after Oct. 1, 1945.
Stock & Bonds—
Itit.
Date.
Collateral Trust Bonds— The collateral trust bonds were issued to
fund the fioatlng debt, and are secured by the deposit of 35,000 shares
common stock of the Hestonville Mantua »fe Fairmount Pass. RR
Subject to call at 105 and accrued interest.
Road— On Nov. 1, 1902, operated 475 miles of track and 1,698 closed
cars, 1234 open cars, 278 other cars, plows, etc.; total, 3,210.
Annual Report— Fiscal year ends June 30. Annual report for
1901-1902 was given in V. 75, p. 609.
1901-02.
1900-01.
1899-00.
302,225,286
292,237,924
No. passengers carried. ...325, 801,963
$13,969,233
$13,269,465
$12,996,290
Gross earnings
6,402,338
5,836,185
5,624,898
Operating expenses
of the
Net earnings
$7,566,895
148.925
Other income, interest, etc.
$7,433,280
162,215
$7,371,392
253,528
Total net income
Taxes and Ucenses
Fixed charges
$7,715,820
$903,842
5,733.940
$7,595,495
$1,029,963
5,704,265
$7,624,920
$1,023,266
5,663,633
$1,078,038
$861,267
$938,021
Officers— President and General Manager, John B. Parsons; 1st
Vice-President, Geo. D. Widener; 2nd Vice Prest., Charles O. Kruger;
Secretary and Treasurer. Robert B. Selfrldge; Assistant-Secretary and
Treasurer, Jno. B. Peddle; Comptroller, Alex. Rennick.
Directors (Sept., 1902)— George W. Elkins. JohnB. Parsons.WlUlam
H. Shelmardine, P. A. B. Widener, William L. Elkins. John M. Mack,
tieorge D. Widener, Chas. O. Kruger. Jeremiah J. Sullivan, George H.
Earle Jr. Alex. M. Fox and Alex. Balfour, floierai Oi^ce, Eighth and
Dauphin Streets, Phila.— V. 73. p. 237. 288, 338, 613, 1314: V. 74, p.
52, 269, 328, 428, 479, 528, 831, 989, 1039; V. 75. p. 31, 609, 1255.
Lines Coutrollect br Union Traction ^o.
troUey road.
J. Collier.
TRANSIT.-Controlled
by the Wideuer-Klkiu.s syndicate.
Incorporated in Pennsylvania on May 1, 1902, to take over under
lease the Union Traction Company f<'r 999 years from .luly 1, 1902.
and to acquire and hold shares of other corporations. (For terms.of
lease see Union Traction below.) The Rapid TransitCo. ownstheentire
eapital stock and franchises of the following companies acquired by
the Mack-Foerderer syndicate in 1901:
Broad St. Rapid Tran. St. Ky. Co. Market St. Elev. Pass. Ry. Co.
Northern Rapid Transit St. Ry. o.
Central Rapid Transit St. Ry. Co.
OhestnuT, Hill & Glenside Rapid Passyuuk Ave. Elev. Pass. Ry. Co.
Ridge Ave. Kiev. Pass. Ry. Co.
Transit St. Ry. Co.
Eastern Rapid Transit St. Ry. Co. Southern Rapid Transit St. Ry. Co.
Western Rapid Transit S'. Ry. Co.
Frankford Elev. Pass. Ry. Co.
Germantown Av e. El. Pass. Ry. Co.
Construction is to begin at once upon Market St., from 23d St. to
Delaware Ave., and on Delaware Ave., from Market St. lo South Pt.,as
authorized by the charters of the Market St. Elev. Ry. Co. and the
Frankford Elev. Pass. Ky. Co. V. 74, p. 528, 989.
In July, 1902, also acquiredall the stock of the DoylestownA Willow
'
Grove Ry. Co.
Stock & Bonds—
Ouistimd'g.
interest
Date,
Maturity.
< 60 ',000 shares
•-•
Stock, $30,000,000 ($50).. \
\ $5 paid in.
Stock was listed on the Philadelphia Stock Exchange in July, 1902.
Officers— President, John B. Parsons; Vice-Pres., George D. Wldener; Secretarv and Treas Charles O. Kruger; Asst. aec. and Asst.
Treas., John B. Peddle. -V. 74, p..^28, 884, 989, 1039, 1309; V. 75, p.
30, 78, 185, 291, 395, 442, 612, 667, 1203.
,
,
RY.
i
is
Surplus
BUFFALO & DEPEW RY.— A troUey road.
Stock
DOYLESTOWN & WILLOW GROVE
)
.
NEWTOWN ELECTRIC
ST. RAILWAY.— A troUey road.
Organization— Chartered Deo. 17, 1896. In 1«98 leased the Newtown Langhorn & Bristol St. Ry., chartered in 1895. The Railways
Company General does not control this road, but in 1900 purchased
$200,000 of the $300,000 bonds and $40,000 (par value) of its stock.
Date, interest. Outstanding. Maturity.
Stock
Bonds—
Stook,auth.,$300,000 ($100)
300,000
1928
300,000
5g
^SOOOOO^IS^^
l8t mortea'TA
*•*""'"""
Int. at Rf al Est. Title Ins. & Trust Co.,
]
r<Ri 0(?rt;^S«i,i
|$i,000)
gold
^ Philadelphia, i rustee.
TlOAD—Owns and operates 27'89 miles of track.
Earnings— For year endrag June 30, 1902: Gross, $64,587; net,
'$21,947, mterest, taxes, etc., $22,808; deficit, $861.
Officers— President and Treas.. T. P. Chambers; Secretary, Geo. C.
Worstall; Treas, <& Gen. Man., A. Chambers; Supt., J. W. Keener.
(5)
1
In July, 1902, was acquired by the Philadelphia Rapid Transit
through purchase of the entire capital stock V. 75, p. 185
Date.
interest.
Oulsland'g. Maturity.
Stock and Bonds—
Stock. $500,000 ($50)
$500,000
Ist mortg., g.$500,000 >
1900
4 g. .T-D
500,0t0 June 1.1930
$1,000, gold
Land Title ifeTruit Co., Phila., Trusteee.
c" 5
Road— Owns and operates 13 miles of road from Doylestown to Willow Grove, running over the ol turnpike between those places, which
deficit,
ley road.
(3)
(
(1)
CATHARINE & BAINBRIDGE STREETS RY— A
Organization— Incorporated May 14, 1889, and leased to the Philadelphia Traction March 1, 1890, for 99 years, and since Oct. 1, 1895.
operated by the Union Traction Company; in Sept., 1895, term of
lease was increased from 99 to 999 years and stock from $150,000 to
*400,000 (all owned by Union Traction Co.); rental is $24,000 yearly
besides interest and taxes.
Maturity.
Miles. Date. Interest. Outst'd'g.
Bonds—
Stock
See text.
6%M-S $400,000
Stock, par .$50
lstM.$150,000($l,000)c .... 1890 5 x A-0 150,000 Apr. 1, 1920
234,698
Due lessee July, 1902
Infest at Land, T. <fe T. Co., trustee. Penn. Co. for Insur. on Lives, etc.
Dividends— Dividends of 6 per cent are paid.
Road—The road aggregates 11-36 miles of track.
&
(2) CITIZENS
PASSENGER RAILWAY—
Organization- Incorporated March 25, 1858. Leased to Frankford
& Southwark Passenger Railway Company April 1, 1892, for 999
years; rental now $140,000 per annum, equal to 28 per cent on stock,
or $14 per $50 share. This lease was assumed by the Electric Traction
Company July 1, 1893. The Union Traction now operates the road.
Matxirity,
Stock & Bonds— Miles. Date, interest. Outstand'g.
Seete.xt.
11
28%Q-J See text.
Stock $500,000 ($50).
Stock paid in $192,500; $20 on 8,500 shares and $16 on 1,500
shares. Road. Columbia Avenue to Mittlin St., 11 miles of track.
(3)
CONTINENTAL PASSENGER RAILWAY-A troUey road.
Sept. 3, 1873. Leased Jan. 1, 1880, to
Union Passenger Railway Company for 99 years at rental of $6 per
share per annum, interest, taxes and operating expenses; lease assigned
Organization— Incorporated
STKEET RAILWAYS.
to Philadelphia Traction Company June 30, 1884. Operated by Union
Traction Company since October 1, 1895. Stocks owned, per balance
sheet July 1, 1902, $600,000.
Maturity.
Bonds— Miles. Date, interest. Outsiand'g.
Stock
&
$6 J
8took,par$50
-
J
J
f
|29°paid^n!
Seetext.
}
Jan. 1, 1909
1879 6% J $280,000
iBt mortgage, ($500 J
and $1,000)
c. I Interest at Land, T. & T. Co., Philadelphia, Pa.
Due lessee for additions July 1, 190 $672,260.
Bonds are subject to drawings of $20,000 Dec, 1, yearly. Trustee
Land Title & Trust Co. Own 10-07 mUes of track.
"
.',
ELECTRIC traction-
(4)
Organization— Incorporated May 8, 1893, and acquire^ control of
the Citizens' Passenger Ry.. the Frankford & Southwark Passenger Ry.
and the Second & Third Street Passenger Ry. On July 1, 1896, leased
for 999 years the Citizens' Clearlleld & Cambria St. Ry.. the Citizens'
East End St. Ry., the Brown &Parrish 8t. Ry., and the Citizens' North
End St. Ry.
In 1895 the Union Traction Company acquired all the stock at the
rate of $85 per share for each share on which $50 had oeen paid and
$70 per share for each share on which $30 had been paid, the Pennsylvania Co. for Insurance on Lives & Granting Annul rtes issuing therefor its guaranteed trust certificates. On July 1. 1896, the Union Traction Co. leased the property for 998 years and 3 months. See V. 61, p.
197, and also " Union Traction."
Dividends.
Stock
Bonds— Par.
&
Outstand'g.
Issued.
Stock (part $30 pd.) $50
$8,297,920
282,100
Funded debt
282,100
7
authorized,
of
Stock
175,000 shares
$50 each; issued, 152,396 shares
Of $50 paid and $22,604 shares of $30 paid, making total $8,297,920.
Road— On June 30, 1902, operated 120-92 miles of track. RaU 90 lbs.
-V.
Leased Dec. 26, 1873,
to Citizens' Passenger Railway Company and the ScTenteenth and
Nineteenth Street Passenger Railway Company for 999 years. Transferred Oct. 1, 1895, along with all right to dividends on 6,100 shares
of Its stock [then held by the Union Passenger Railway Co. as trustee
and lessee], by lease of Phil3.delphia Traction to the Union Traction Co.
Stock
&
10, 1869.
Bonds—
Miles. Date, interest. Outstand'g,
Maturity.
(All owned by Un. Tr.)
$600,000
l8t M., gold, $200.- )
1900 3Jsg. J-J
200,000 July 1, 1930
Trust Co., Philadelphia, Trustee.
000 ($500)
s Land Title
Bonds— The new 3^28 were issued to retire alike amount of 78, due
Stook,par$50
&
July, 1900.
Due lessee Co. for additions July 1, 1902. $705,715.
Road— Owns 10-25 miles of track.— V. 70, p. 1150.
(6)
FRANKFORD & SOUTHWARK PASSENGER RAILWAY-
ORGAN IZATION— Incorporated April 4, 1854. Acquired stock of Lombard « South Streets Passenger Railway in 1890. Leased to the Electric
Traction Co for 999 years from July 1, 1893, dividends for the several
years named oelow being guaranteed per share
4th
5th
6th
7th 8th 9th 10th & after.
3d
2d
let
$18
$12 $12 50 $13 $13 50 $14 $14 50 $15 $16 $17
Stock
&
Bonds—
Miles. Date, interest. Outstand'g. Lastdiv.,ete.
45
Q-J $1,875,000
Seetext.
Debt of Controlled Lines (assumed by Electric Traction Co.):
Lombard* South Sts.) 10 1881 3^2 J-D $150,000 Dec. 1, 1951
Pass. 1st M. ($500 & > Inter'st at Real Estate Title Insurance & Trust
Co., Trustee.
c)
$1,000)
We8tEndPa8s'grRy.,5
9
1875 7A-0
132,100 Oct. 1, 1905
M. ($100 & $500... c ? Mortgage trustee, PhUa. Trust S. D. & Ins. Co.
Interest on aU loans payable by Elec. Tr. Co., 421 Chestnut St., Phila
The Lombard & South Sts. Pass, issue ot $150,000 was originally 5
per cent, but was called at maturity and then extended for 50 years
from Deo. 1, 1901, at 3^ per cent.
Road Controls 45 mUes of track, acquired as follows
Frankford & Southwark Passsenger Railway
20 miles.
Lombard & South Streets Passenger Railway
19 miles
Lehigh Avenue Railway
6 miles.
8tock,par$50
—
(7)
GERMANTOWN PASSENGER RAILWAY.—A troUey road.
21, 1858. Leased Oct. 1, 1881,
to the People's Passenger Railway Company for 999 years, but rental
modified in 1893; stock since 1897 receives dividends yearly of $5 25
per share.
ORGANIZATION—Incorporated April
Stock & Bonds—
Par.
Date.
Int'st.
Q-J
$50
Stock $1,500,000($50)
Outsand'g.
Seetext.
Maturitif,
Seetext.
500 1864 5 J-D
June 1, 1904
$67,500
Falrm'nt Pk. & Del. Interest is subject to deduction of State tax and
RiverPass.Ry.M.rl is payable at Guarantee Trust & Safe Deposit
f
I
Co. of Philadelphia, Trustee.
I
5«ocfc— Paid in $572,860; $15 per share on 20,000 shares and $35
per share on 10,000 shares.
Road— Owns 31 miles of track. Extension of 2,000 feet from HUlcrest Avenue to city line completed in September, 1898, forms, with
the Roxborough Chestnut Hill & Norristown Passenger Ry. a through
line to Norristown.— V. 69, p. 695.
(8)
GREENE & COATES STREETS PHILA. PASSENGER RY.—
Organization—Incorporated April
21, 1858.
Leased to People's
Passenger Railway for 999 years from Sept. 1, 1881, at an annual
rental of $60,000. interest on bonds (since fallen due) and expense of
managemenx.
Stock
&
Bonds—
Miles. Date,
Stock, par $50...
$6
Dividends are 12
amount paid
(9)
in.
interest,
Outstand'g.
Maturity.
Q
J
Seetext.
}
f "$^i'5 p^^n®'
(Q.— J.) on par or 40 per cent on
per annum
7 miles of road.
p. c.
Owns
HESTONVILLE MANTUA & FAIRMOUNT
Organization— Incorporated April
6,
1859.
Franchise
Is
RY.—
perpetual-
which assumes the dividends guaranteed on that stock (all owned by
HestonviUe Co). Tlie Union Traction assumes the bonded debt of
both the HestonviUe and Haddington companies and purchased 4,780
shares of the preferred and 35,294 of the common HestonvUle stock,
the common at $45 per $50 share.— V. 66, p. 236. "Loans" June 30,
1902, $1,250,000.
&
Dale, interest. Outsfaridmg.
Bonds—
Stock
stock, par $50
4 J-J
.$1,966,100 f. p.
Preferred stock, par $50
6 J- J
533,900f.p.
Consol. M., $1,250,000 5 1894 5gM-N
*1,250,000
$500
&
$1,000.
c*x
Trustee,
Girard
Trust Co.
g.,
I
Guaranteed rental 999 year lease
Maturity.
Seetext..
Seetext.
May 1,1924
PairmountPk.&Had'srt'n
„„„
onn
nnn
o«« +„^*
Seetext.
300,000
Pass. P.y. Sfk, par $50. ^ ----SgF-A
Interest Is payable in PhUadelphia. x Free of tax.
* Of the $1,250,000 outstanding, $124,500 were issued Jan., 1901,
as S'fl per cents to take up bonds of like amount of the Fairmont Pass.
By. due at that time, and $75,000 on March 1, 1902, to take up a like
amount of 2ad mortgage 68 maturingjon that date.
s
.
1167.
LOMBARD
<& SOUTH STREET PASSENGER RAILWAY.—
& Southwark Passenger RaUway.
(10) PEOPLE'S PASSENGER RAILWAY.—An electric road.
(9^)
See Frankford
15, 1873. The People's Trac. Co.
15, 1893, acquired the entire capital stock of this road. The
Organization- Chartered April
on AprU
Traction Co. then leased the People's Passenger Ry. By a tripartite
agreement this lease was on July 1, 1896, assigned to the Union Trac.
Co. for 993 years and three months. Rental is 10 per cent per annum
on capital stock ($2'50 per share) as below shown, nearly aU of which
is pledged for People's Traction Co. trust certificates.
Outstand'g.
Maturity.
Stock
Bonds.— Date, interest.
Common stock $25..
10%M-S31 a 60,000 shs.
See text.
Preferred stock $25..
10%M-S31 a23,000shs.
See text.
Istmort. ($l,000)...c 1875 7 J.-J.15
250,000 Jan. 15, 1905
2d mortgage $500,1881 5 J.-J.15
458,000 July 15, 1911
000 ($1,000)
:»i5 Guarantee Trust & Safe Deposit Co Trustee.
Con
1882 5 M.-S.
367,000 Mar. 1, 1912
$1,125,000.
c&r Trustee Guarantee Trust & Safe Deposit Co.
$1,000
aTjtal stock paid in $740,965 50.
All M<eres< at the office of the Real Estate Title &Tr. Co. Due People's
Tract on Co. July 1, 1902, for construction and equipment, $5,538,595.
The stock acquired by the People's Traction Co. was pledged assecuiity for trust certificates. See People's Traction.
Road Company operates 83-66 miles of track, of which 6'4 miles
owned and 77-26 mUes leased and operated.—V. 61, p. 469 V. 63,p. S57'^
&
,
.
—
;
chartered in March,,
1893, to operate and equip with troUey the People's Passenger Ry.,
the entire capital stock of which it nurchased on or about Apr. 15, 1893.
In Oct., 189.T, the Union Traction Co. acquired all Traction stock at $76
per share, the Pa. Co. for Ins. on Lives <te Granting Annuities Issuing
therefor its guaranteed trust cernficates. On July 1, 1896. the Union
Traction Co. leased the road for 998 years and three months.
Issued.
Date. Dividends.
Maturity.
Stock, Etc.—
Capital stock $30 )
f 200,000 shs.
«„„
^..^
seetext.
^
FuUpaid. \
(Seetext.)
J
Trust certs., gold,)
1893 4 g. F.-A.
Feb. 1,1943
$5,aiO,000
1893,»io<subje'tWn<eres^ tax free, payable at Penn. Co. for Insurto call, $1,000 )
ances on Lives, etc., trustee.
Trust certificates were issued by Pa. Co. for Ins., etc., and are secured by pledge of People's Passenger Ry. stock (see that company
above), and by contract of People's Traction Co., which guaranteesprincipal and interest. Issue limited to $1,000 for 1427 shares deposited, making total authorized $5,810,000.
Sinking fund $25,000yearly, beginning Feb. 1, 1903.
4
To distribute surplus from past operations, in August, 1896, was de""^
clared a dividend of 4^2 per cent per annum. w-,:,>_ w
ix-c -w^ ^fltf
-
PHILADELPHIA CITY PASSENGER~RY.—A troUey roaa.
(12)
Organization- Incorporated AprU
9, 1859. Leased to West Philadelphia Passenger Railway Company for 999 years from Jan. 1, 1884,
for interest on bonds, $2,500 per year for organization and dividend of
$7 50 per share. Transferred under lease of PhUadelphia Traction Co..
Oct. 1, 1895, to the Union Traction Co.
Stock
Bonds— Par. Date, interest Outstand'g. Maturity,
&
Stock, $1,000,000.
Istmort., ext'd..c.
Debentures
Road^_—Owns
(13)
r.
$50
500
500,&c
5
$7^2 J-J
\
5% J-J
5%M-S
1861
20,000 shs..
$23 75 paid
$200,000
100,000
See text.
5
11-7 miles of track. -J^
Jan.
Mar.
1,
1.
191©
1925
-.t««s.draK>,wK
PHILADELPHIA & DARBY RAILWAY—A troUey road.
Organization- Incorporated AprU28,'1857. Leased to the PhUadelphia City Passenger Railway Company for 999 years from Jan. 1, 1870,
for $8,000 per annum and interest on bonds. Transferred under leas»
of Philadelphia Traction Co. Oct. 1, 1895, to Union Traction Co.
Miles. Date. Interest. Outstand'g. Maturity.
Bonds
Stock
4 J-J $200,000
Seetext.
Stock, par $50
100,000 May 1. 1927
^ ^-N
Ifltmortffaee
c^ Interest
i8t mortgage
c
^
at Land, T. & T. Co., PhUadelphia, Pa.
Road—Owns 14-80 mUes track.
&
(14)
—
PHILADELPHIA & GRAY'S FERRY PASS. RY.—TroUey.
April 9, 1858. Leased to PhUadelphia
Traction Co. tor 999 years, from Jan. 1, 1891, at rental Ist five years,
$43,225, or $3 50 per share per annum, and $49,400, or $4 per share
per annum thereafter, the lessee to pay aU taxes, running expenses
etc. Operated by Union Traction Company since October 1, 1895.
outstand'g.
Last Div., etc.
Bonds— MIs. Date. int.
Stock
Organization- Incorporated
&
Stock, par $50
$4 J-J
|
a^^t^lzs pd!
}
(15)
^®® *®^track
& Tr. Co. Owns 10 mUes of
PHILADELPHIA TRACTION—A troUey road.
Dividends at Real Estate Title Ins
Organization- Incorporated August 22, 1883, and secured control
of an extensive system of roads in Philadelphia, Pa. (about 210 miles
of track), which it held either by lease or ownership of securities,
not in lee.
Under the lease to the Union Traction Company dated
October 1, 1895, all the leases and the securities owned were assigned
to the Union Company, which assumes aU UabiUties for rentals, etc.
Consolidation The lease to Union Traction Co. is for 999 years from
Oct., 1895. The lease provides for dividends of $4 (8 p. c.) per annum
on each $50 share, payable in gold coin, free of taxes. The coUateral
trust 4s are " assumed" by the Union Traction. See V. 61, p. 663, for
extracts from lease. PhUadelphia Traction stockholders were aUowed
to subscribe for new Union Traction stock. See V. 61, p. 197.
Maturity,
Date.
Interest.
Outstanding.
Stock
Bonds
Seetext.
Stk. ($50) $20,000,000
....
8
A.-O.
$20,000,000
Col. tr g. bonds. $1.-)
1887 4 g. F.-A.15
777,428 Aug.l5. 1917
300.000 ($l,000»c* > Interest, free of tax, payable at LandT.&T.Co.
Sub. to caU at 105.. ) or Penn. Co. for Insurances on Lives, Tmstee.
Open accts. July 1,1902
$4,016,085
The bonds are secured by deposit of 5,900 shares of W. Philadelphia
and 2,000 shares Union Passenger Ry. stock. Loan, originally $1,300,000, reduced to present figures by sinkirg fund drawings at 105 (about
$35,000 a year). These bonds and fioating debt are " assumed" by the
Union Traction Co. under the lease.
Dividends- ? 1885, '86, '87, '88, '89. '90 to '93, '94, 95* '96, and since.
8 p. c. per an.
Per cent
6
8 (!)
5
2
3
6
5
4
Under lease dividends of 8 p. c. are guaranteed. V. 61, p. 663; V. 73»
—
&
PASS.
Lease— HestonviUe M. & F. road leased from Oct. 1, 1898, to Union
Traction for 999 years at a rental of 6 per cent on the preferred and 4
per cent on the common stock. By the terms of the lease the Fairmount Park & Haddington lease is assigned to the Union Traction
Common
;
;
TRACTION—An electric road.
Organization-A Pennsylvania corporation'
EMPIRE PASSENGER RAILWAY—A trolley road.
Organization-Incorporated Feb.
Common stock authorized, 39,322 shares preferred, 10,678 shares
par value of each, $50 stock outstanding as in table.
Road—June 30, 1902, road owned 17-83 miles of track In Philadelphia; leased and operated 6-25 mUes; total, 24-08 mUes.- V. 71, p,
(11) PEOPLE'S
63, p. JS7.
(5)
67
—
p. 288.
Road—The system now assigned to the Union Traction Co. aggregated 210 miles, consisting of the foUowing " Passenger Railways:"
Union PassengerRy
West Phila. Pass. Ry
Ridge Ave. Pass. Ry
PhUa. & Darby Pass. Ry
I3th & 15th Streets
PhUa. & Gray's Ferry
Continental Pass. Ry
Empire Pass. Ry
— Y.
63, p. 311, JS7; V. 65, p.
Miles.
Mile».
52-00
27-25
15-25
9-45
8-84
8-25
7-30
5*10
sts.
18-86
PhUa. Citv Pass. Ry
17th & 19th Streets
22d & Allegheny
1480 Morris tfe Tasker
13-10 Catharine & Bainbridge
10-20 Other lines
9-80
980
210-00Total of aU
p. 280; Y. 71, p. 238.: IK J
514; V. 70,
STREET RAILWAYS.
68
(16) RIDGE AVENUE CONTfECTING PASSENGER RAILWAY.
Organization—Consolidation of Glrard College Passenger Railway
and the Ridge Avenue & Manayiini Passenger Railway on March 8
1872. Leased to the Philadelphia Traction Co. tor 999 years from
Sept 1, 1892, for dividend of $10 per share per annum to September,
1895, and $12 per share thereafter. Operated by Union Traction
Company since October 1, 1895.
STOCK&BOKDS—Miies. Date. Interest.
$12 Q-J
^^^l^'<iJn^'^^^l
•^^*^"
Last
Oiitstand'g.
\
>
(
On account
$28 paid I
per share. )
div.,etc.
See text.
of some old debts dividends for 1896 were continued
$10 per share instead of the $12 as noted above. In 1897 dividends
were increased to $12 per share. Owns 15*25 miles of track.
at
(17) SECOND & THIRD STREET PASSENGER RAILWAYORGANIZATION -Incorporated April 10, 1858. Leased Oct. 1, 1893
to the Frankfora <fe Southwark Passenger Railway Company for 999
years for the following guaranteed dividends per share per annum
1898-99.
1901.
1893.
1894-95.
1896-97.
1900.
1902 & aft.
$12
$11
$10
$10 50
$8 50
See below,
$9
Dividends In 1896 and 1897 were to be $9 50 per annum, but the
dividend for 1896 and for the first half of 1897 was at the rate of $9
per share instead of $9 50, the balance being applied to the payment
of the debt of $27,000 incurred for paving.— V. 62, p. 785.
This lease was assumed by Electric Traction Co. July 1, 1893.
Outstand'g.
Last div, etc.
Stock
Bonds— Date, interest.
&
Text Q-J $771,076 pd. in.
^'^h^erparls'o.^.^i
(18)
SEVENTEENTH & NINETEENTH
Organization-Incorporated AprU
STS.
See text.
PASSENGER RY.—
Leased to the Continental Passenger Railway Co. for 99 years from July 1, 1879, at rental
of $15,000 per annum, being 3 per cent on 10,000 shares (of $50 par)
Btook, interest on bonds, taxes, expenses, etc. Transferred under lease
of Philadelphia Traction Co., October 1, 1895, to the Union Ti-action
Company; all rights of the Philadelphia Traction Co. to dividends on
the 10,000 shares of the 17th & 19th Streets road, which were then
held by the Union Passenger Railway Co. as trustee and lessee, being
also transferred to the Union Company. Stock all owned by Union
12, 1859.
Traction Co.
Stock
&
Date.
3%J-J
1876 5%J-J
T.
Maturity.
Oiitstand'g.
int.
IstM. ($500)...c)
....
Extended
J Interest at Land,
^
& T.
Due lessee for additions July 1, 1902,
Road—Owns 8*84 mUes of track.
'^$25^paM^'
$100,000
^
See text.
July 1,1919
Co., Philadelphia, Pa.
$554,289.
THIRTEENTH & FIFTEENTH STS. PASS. RY.—A troUey road.
Organization-Incorporated April 8, 1859. Leased Jan. 1, 1892, to
Philadelphia Traction Company for follovrlng rental: Fi'om January,
(19)
1892, to January, 1894, $9 per share per annimi; 1894 to Jan., 1897,
$10 per share; 1897 to Jan., 1900, $11 per share, and from Jan., 1900,
$12 per share. Lease transfeiTcd to Union Traction October 1, 1895.
interest.
Otustand'a.
Maturity.
Stock
Bonds— Date.
&
'^Ste^.^'.'\*.'.-'!
1st M. ($500)
o
1876
$12J-J
7%A-0
Pa^29J
$100,000
s,,,,,^
Oct. 1, 1903
5o^ J-J
Jan. 1, 1934
$400,000
^''^^l%^fi:^^!^l: \ 1894
Real estate mtges
90,000
Dividend in July, 1895, $5 ner share; the January, 1896, dividend
was not
paid, owing to payment of city's claim for paving. V. 61, p.
1155. In July, 1896, paid $4 per share; in 1897, $10 50 per share: in
1898, $11 per share; in 1899, $11 per share; in 1900, $11 50 per share;
In 1901, $12 per share; In 1902, $12 per share.
Interest and dividends are payable at office of the Fidelity Insurance
Trust
Safe Deposit Co., the trustee of both mortgages.
The consols are guaranteed principal and interest by the Philadel-
&
phia Traction Company, and the coupons are payable tax free.
Road— Owns 15 miles of track. Extension to League Island operated
from March 13, 1898. See Union Traction report in V. 67, p. 734.—
(20) TWENTY-SECOND STREET & ALLEGHENY AVENUE
PASSENGER RY.
Organization— Chartered, May 28, 1890: leased on Dec. 9, 1894, to
the Philadelphia Traction Co. for 99 years from March 1, 1894. New
lease was made on Sept. 24. 1895, for 999 years from March 1, 1894,
lor an annual rental of $60,000 in addition to fixed charges. Entire
capital stock and bonds owned by the Phlladelpiiia Traction Co.
Date, interest. OiUsmnd'q.
Stock
Bonds—
Maturity.
Slock. *50
$500.000f. p
Ist Mtge., $700,000 )
1890
5 J-D
See text.
Deo. 1, 1920
($1,000)
0. 5 Penn Co. for Ins. on Lives, etc., Trustee.
Due Lessee Co
June30,'02
$767,500
Road— Operates 12-90 miles of track.
&
1
)
UNION PASSENGER RAILWAY—A cable and horse road.
Organization—Incorporated April
8, 1864. Leased to Philadelphia
Traction Company for 999 years from June 30, 1884, at an annual
rental of $285,000, or $9 50 per share on stock, and interest, taxes, etc
There are ovitstandin^ 30.000 shares ($1,500,000) of stock, on which
$30 83 % has been paid in on each share, or a total of $925,000. Stock
is considered full paid.
Its lease of the Continental Pass Ry. was
assigned to the Philadelphia Traction Co. and since Oct. 1, 1895, operated by the Union Traction Co. The Union Passenger Railway Co. is
still holding, as lessee and trustee, 6,100 shares Empire Passenger Ry.
stock and 10,000 shares of 17th & 19th Streets Passenger Railway.
Stock
Bonds— Miles. Date, interest. Outstanding. Maturity.
Stock (par $50), \
$ $9-50 >
o„« +„^
o
*
See *text.
$1,500;000..„... i
J-J \ Seetext.
I
1st mortgage ($100 )
18815xA-0 $500,000 Mar.31,1911
Not now redeemable before maturity.
»nd $5(J0)
0.
Trustee, Penn. Co. for Insurances on Lives.
&
2d mortgage ($100)
and $500)
c. S
Due
Int.
1884 5xA-0
250,000
Mar.31,1910
on both loans at Land, T. & T. Co. PhUa., Pa.
.
lessee company for additions July 1, 1902. $6,656,449.
The Ist mtge. 5s of 1911 were formerly suljeotto call $20,000 yearly, but bonds now bear the following endorsement : "By a resolution of
the Board of Directors, passed October 21, 1884, this bond Is not subject to redemption before maturity.- J. B. Peddle, Sec."
Road— Owns 56 miles of track.
(22)
Organization— Incorporated In New Jersey in December, 1902»
with very broart powers. Is empowerci to acquire and operate raU"
roads, to develop and furnish all kinds of motive power, to mannfao"
ture, mine and deal in coal, gas, oil, electricity, steam, light, heat, etc.,
etc. In December, 1902, obtained control of the Uniied Power &
Transportation Co. through purchase of the outstanding ($3,593,750)
capital stock, on a basis of $75 for each $25 share, payable in collateral trust bonds. It was reported in January, 1903, that $3,574,725
of this stock h»d been excbangeil for bonds on this basis United
Power shareholders also had the right to subscribe for one share of
Inter-State stock .for every fourteen held. Has also acquired the
franchises and ^-apital stock of about 40 projected companies which
propose opiating in New Jersey and Penn. See V, 75, p. 1399.
&
Maturity.
Date, interest. Ontntavding.
Stock
Bonds—
Stock, $10,0(10.000
25%paldin
Collateral trust, gold, ) 1903 3-3i2-4 g.
Feb. 1, 1943
(1)
Trust, Phlla., trustee.
$10,78 1,250
5 Real Estate Title, Ins.
Bonds are dated Feb. 1, 1903, and secured by deposit of United
Power & Transportation stock. They bear 3 p. c. Interest the first
year, 3^2 the second and 4 the third and subsequent years.
Officers— President, Frank O. Briggs, Trenton; Treasurer, W. W.
Light, Reading —V. 75, p. 1302, 1399 V, 76, p. 158.
&
;
UNITED POWER & TRANSPORTATION
CO.— Electric roads.
Incorporated April 20, 1899, under New Jersey laws to construct,
operate and own street railways, power companies, etc., and do a
general business (V. 68. p. ^29). In Dec, 1903, stock was acquired by
Inter-State Railways Co., which see immenia^ely above.
On Nov. 1, 1902, owned the following stocks and bonds. We show
also the total amounts outstanding of each Issue.
Owned,
Stocks.
WEST PHILADELPHIA PASSENGER RY.—Cable and horse.
Organization—Incorporated May
14, 1857. Leased Jan. 1, 1884, to
the Philadelphia Traction Co. for 999 years, at an annual rental of
$150,000, or 20 per cent on stock, and Interest, taxes, etc.; transferred
Oct. 1, 1895. to Union Traction Co.
Stock
Bonds— Mites. Date, interest. Outstand'g. Matxirity.
Stock, par $50
$10 J-J $7.50,000
Seetext.
iBt mort. ($1,000), <
1876
246,000 April 1, 1906
gold
o( Mort. trustee, Glrard Trust Co., Philadelphia,
May 1. 1926
1886 5 M-N
7.50,000
2d mort r*l 000^ n(
l^P«fVnTntaV^^^ Mortgage trustee, Pennsylvania Co. for the Ins
rrceiromiax.
^
on Lives & Gr. of Annuities, Philadelphia, Pa.
Interest on both loans payable at Land, T. <k T. Co., Philadelphia, Pa.
Due lessee for additions to July, 1902, $2,509,660.
Road—Owns 27-25 miles of track
&
6A-0
& Power Co.
of Delaware Co. . .
Delaware County & Philadelphia Electric Ry
Edison Electric Illuminating Co. of Lebanon, Pa
Holmesburg Tacony & Frankf ord Electric Ry. Co
Lebanon VaUey Street Ry. Co.
Citizens' Electric Light
Philadelphia
Bonds— JIfls.
Stock, par $50
(2
INTER STATE RAIL"WAYS.-
& Chester Rv
Reading & Southwestern Ry
Roxboro Chestnut Hill & Norrlstown Ry. Co
SchuylkiU Valley Traction Co
Southwestern St. Ry
Trenton Street Ry
United Traction Co. of Reading, Pa
WUkesbarre & Wyoming VaUey Traction
Wilkesbarre Dallas & Harvey's Lake Ry
Wilmington & Chester Traction
Wilmington City Electric
Total
Stock.
Shares. Shares.
Q,238
5,993
9,991
14,992
9,991
6,990
1,142
4,947
9,995
7,990
19,953
7,991
49,985
3,890
39,993
5,089
7,500
6,000
10,000
1 5,000
10,000
7,000
'2,600
5,000
10,000
8,000
20,000
8,000
50,000
4,000
40,000
5,100
Total
Bondn.
Issue.
Owned.
Citizens' Electric Light & Power Co. 1st M. 5 p. o... $12,500 $12,500
Metropolitan Electric Co. 1st M. 5 p. c
50,000 150,000
Schuylkill Valley Traction Co., Inc. Mtge
95,000 100,000
Southwestern St. Ry. Co., IstM. 5 p. c
260,000 400,000
Stock and Bonds.— S^ocfc authorized, $12,500,000; shares $25, full
paid. In Mar.. 1902, the outstanding stock was increased from $3,125,000 to $3,5^3,750 (V. 74, p. 682>, the additional shares being sold
to stockholders at $35 per $25 share. Bonds, 4 per cent collateral
trust certificates, are in
two
series,
which we have marked
(a)
and
(b)
below. [Both bonds and stock listed on Philadelphia Stock Exchange.]
(«) Under a Trust Agreement between the United Power & Transportation Comjiany and the New Yoru Security & Trust Company,
trustee, dated May 1. 1899 (under which $7,788,797 United Railways Gold Trust Certificates have been issued by the said trust company as trustee), the United Power & Transportation Company has
deposited with said trust company 19,953 shares Trenton Street
Railway Company, 39,993 shares Wilmington <fe Chester Traction
Company, 14,992 shares Holmesburg Tacony & Franklord Electric
Railway (JO., 7,991 shares the United Traction Company of Reading,
Pa., 4,962 shares the Wibninaton City Electric Company and 49,538
shares the Wilkes Barre & Wyoming Valley Traction Company.
Under the above agreement, an additional amount of $56,203 of certificates will be issued upon deposit with the trustee of the remaining
shares of the capital stock of the above companies.
(b) Under a Trust Agreement between the United Power & Transportation Company and the Real Estate Title Insurance & Trust
Company of Philadelphia, dated May 1, 1899 (under which $998,
833 34 United Railways Gold Trust Certificates have been issued),
the United Power & Transportation Company has deposited with the
said trust company, as trustee, 5,993 shares Delaware County Si
Philadelphia Electric Railway Co. Under the above agreement an additional amount of $1,166 66 of certificates will be issued upon deposit with the trustee of the remaining shares of the capital stock of
the Delaware County & Philadelphia Electric Railway Company.
The principal of both series (which are In $100, $500 and $1,000
pieces) is due at option of holder on July 1, 1949, and thereafter on
any Jan. 1 or July 1, at the option of the United Power and Transportation Co. For both series, also, the semi-annual interest (J. & J.) and
the principal are payable in gold coin, free of tax, at the office of the
Real Estate Title Insurance & Trust Co. of Philadelphia, trustee.
Dividends—On Jan. 20, 1900, a dividend of 50c. per share was paid;
also same amount July 16, 1900; in 1901, Jan. 21. $1; July 10, $1; In
1902, Jan 20, lH; July 10, $1; in 1903, Jan. 20, $1.
Report—For years ending Dec. 31:
Balance,
From
interest
Taxes, Dividend
Calendar
on is.
surplus.
Investments.
etc.
paid.
year
$17,456
$632,475
$359,502
$5,517
$250,000
1901
15.997
594.625
359,484
11,644
207,500
1900
Officers.— President, John A. Rlgg; Vloe-Prests., R. N. Carson,
H. O. Moore; Sec. and Treas., Wm. S. Bell. Asst. Sec. and Treas., Reml
Remont; Ass'tto Pies't and Gen. Mgr.. Frank L. Fuller: Counsel. R.
L. Jones. General offices. Mariner & Merchant Bldg., Philadelphia.—
V. 72, p. 284: V. 73, p. 186, 237. 288, 1113; V. 74, p. 328, 377, 682; V.
75, p. 1304, 1401; V. 76, p. 158.
(1) DELAWARE COUNTY & PHILADELPHIA ELECTRIC RY.—
A trolley road.
Organization— Incorporated May 11, 1892. Completed from
Media, Pa., to Baltimore Avenue, Philadelphia, In January, 1895;
connects with the Chestnut & Walnut Street cars of the Union Traction
system. In May the United Power & Transportation Company acquired the road, paying *150 per share for the stock in Its 4 per cent
trust certificates secured by a deposit of the stouk.
Outstanding.
Maturity.
interest.
Date,
Bonds—
Stock
$30i/.v;00
Seetext.
Stock, $500,000 auth
64,000 July 1, 1918
1893
6 J-J
i=»,««,.t„.oa.«««dnnn5
mortgage.$64,000 imeiest
iBt
at Glrard Nat. Bank. Phlla.
J
Dividends— Paid in divldeuds: In 1899-1900, $36,000; In 1900-01.
$27,000; in 1901-02, $21,000.
Road— In 1902 owned 12 miles of track. Rails 80-lb. T and girder.
Earnings— For year ending June 30, 1902, gross, $79,137; net,
$27,755; Interest, taxes, etc., $11,521; dividends, $21,000; balance,
&
deficit,
$4,766.
Officers— President, John A. Rlgg; Vice-President, H.
Secretary and Treasurer, M. O. Aulenbach.
O. Moore;
STREET RAILWAYS.
(2) HOLMESBURG TACONY & FRANKFORD ELECTRIC RY.A trolley road.
Acquired in 1899 by United Power & Transportation Co. Paid $35
0. trust certiflcates for each $50 share of the Holmesburg Co.
Organization— Incorporated Sept. 29, 1890. Opened Oct. 6, 1895.
to 4 p.
&
Stock
Bonds—
Date.
Maturity.
Oulstand'g.
interest.
$750,000
Stock (par $50) $800,000
5p. M-N
400,000 May, 1925
l8tmort.,$400,000,gold. 5 1895
West
Phlla.
Title & Trust Co.
Trustee.
c* I
$1,000 and $500
Interest is paid at R. K. Title Ins. & Tr. Co., Philadelphia.
Road—Total track owned, 16"18 miles; track leased, 1"11 miles.
Earnings— For year endlns: June 30, 1902, gross, $120,430; net,
$56,924; int., taxes, rentals, etc., $40,747; dividends, $21,000; bal
ance,
deficit,
$4,823.
Officers.— President, JohnA. Rigg; Vice-President, H. C. Moore;
Secretary and Treasurer, M. O. Aulenbach.
LEBANON VALLEY STREET RAILWAY.—A trolley road.
(3)
Organization.— Incorporated on June 28, 1899, as a consolidation
of the Lebanon & AnnsvlUe Street Railway and the Lebanon & Myerstown Street Railway. The United Power & Transportation Co. owns
9,991 shares out of the 10,000 shares of the capital stock.
Stock & Bonds —
Date, interest. Oulstand'g.
Stock, $500,000 (per $50)
1899
Ist mort. 10-308, gold
Road— Owns 24 miles of track.
5 g. J-J
Earnings- For fiscal year ending Jime
Maturity.
$500,000
500,000 July 1, 1929
30, 1902, gross, $69,901; net,
$40,567; interest, taxes, etc., $28,625; dividends, $11,000; balance,
surplus, $942.
Officers— Pres't, John. a. Rigg; Vlce-Pres., H. C. Moore; See. and
Treas..
(4).
M.
C.
Aulenbach; Asst. Sec. and Treas., Remi Remont.
& Transportation Co. owns 4,947 out of the 5,000
shares of the capital stock. In Jan., 1902. was leased for 950 years to
the Schuylkill Val. Traction, at a rental of $4 50 per share, payable
Beml-annually.
Organization— Incorporaf^d Deo. 24,1895. in 1898 leased the Wis
sahlckon Electric, 3^. miles, for 999 years; rental to be 2 p. c. on the
$145,800 stock for the first two yeais, 3 p. o. for the next six years, 4
p. c. for the next seven years and 5 p. o. for the rest of the
term. Now operates 22 miles of track. In June, 1896, filed a -jiortgage for $450,000 to the Real Estate Title Insurance & Trust Co.,
Plmadelphia, securing percent gold bonds ($1,000), J&D, due June
1, 1926. Issue reduced to $3t»6 000 of which $371,000 was outstanding
Nov. 1. 1902, and $2i,000 held In Treasury. Capital stock issued,
$248,400; par, $50. "Sundry liabilities " June 30, 1902, $199,000.
For six months ending Dec. 31, 1901, after which tlmf^ figures are
included In the Sohujlkill Vall-y Traction Co., gross, $91,487; net,
$45,057; interest, taxes, etc., $34,488; di\idends, $46,624; balance,
President. J. A- Ri?g; Vice-Pres., Henry C. Moore;
deficit, $36,055.
Sec. and Ti-eas., M. C. Aulenbach.— V. 62, p. 1042.
(5)
SCHUYLKILL VALLEY TRACTION.—TroUey.
in September, 1893, as successor to the
Norristown Bridgeport & Coushohocken Traction Co. Since Jan. 15,
controlled
and
operated
has
the Coushohocken Ry. ,the Montgomery
1895,
Organization- Incorporated
County Pass. Ry., the Citizens' Pass. Ry., Ambler Electric, CollegHviile
Electric St. Ry. and the Norristown Pass. Ry. The corporate existence of the several companies are to be maintained, but their bonds
wlU be taken up as rapidly as possible.
In Jan., 1902, leased for 950 years the Roxborough Chestnut HUl
& Norristown Ry.; also the Trappe & Limerick Electric Ry.
The United Power <fe Transportation Co. has acquired $499,750 of the
$500,000 capital stock and $95,000 of the $100,000 income bonds.
First mortgage bonds reduced in 1902 from $500,000 to $400,000.
V. 70,p. 281.
& Bonds—
Stock. $1,000,000
Stock
Date,
interest.
Outstanding.
Maturity.
$500,000
($50)
1st mort., $400,000, gold) 1895
Nov., 1945
5 g. F-A
245,000
($1,000)
0$ Int. at West End Trust Co., PhU.. trustee.
Income mort., $100,000,
?
1899
95,000
5 ann.
SWestEnd Trust Co..
($500)
Aug.
1,
1949
Phila., trustee.
"Sundry liabilities" June 30, 1902, $213,479.
Of the $500,000 Ist mortgage dated 1895, $100,000 has been
retired and destroyed, $75,000 has been reserved to take up like
amount of the Norristown Passenger Ry. bonds and $80,000 to retire
the Citizens' Passenger Ry. bonds.
The securities of the subsidiary companies are as foUows, including
both those held by the public and by the parent company:
Company, <£c.
Miles. Interest.
Issued.
Maturity.
Citizens' Pass. Ry. stock. .
6^4
$79,520f.p. 2»u ln'01-02
Ist mort., gold, $80,000, )
Feb. 1, 1925
5g. F-A
80,000
guaranteed
Subject to call at 105 Feb. 1, 1905
'
513
Conshocken Ry. stock
145,900
5*2 5 g. J-J
Ist mortgage, guarau'd
100,000
July 1, 1924
principal and interest.. \
Subject to caU at 105 July 1, 1904
II3
Montg. Co. Pass. Ry. stk.
150,000
Ist mortgage, gold
l^a 6
J-J
1924
15,000
Norristown Pass. Ry. stk.
75,000
5% in '01-02
4M
414 6
Ist mortgage
J-J
1923
75,000
Road— Operates 52 miles of track. Including the lines of the
above-mentioned companies, and also the Roxborough Chestnut Hill
<& Norristown.
Earnings— For fiscal year ending June 30, 1902 (Including Roxborough Chestnut Hill & Norristown for the last six months): Gross,
$160,942; net, $24,589; other income. $36,337; Interest, taxes, rentals,
etc., $66,267; bal., deficit, $5,341.— V. 62, pw 279; V. 69, p. 334; V. 70,
p. 281.
—
TRENTON STREET RY—TroUey.
The United Power & Transowns 19,953 out of the 20,000 shares of stock.
Organization— Formed June 29, 1898, by consolidation of the
(6)
—
Road Owns 44 miles of track. The new facks have 90-lt). Johnson girder rails. Has power house of sulllcient dimensions to operate the system and also to light the city.
Earnings.— Year ending Deo. 31, 1901, gross, $337,217; net, $39,941. Dividends paid, $39,920.
Officers— President, Henry C. Moore; Vice-Pres., John A. Rigg;
Sec. and Treas., Jno. L. Kuser.— V. 68, p. 284, 475.
(7) UNITED TRACTION (OF READING)—
In 1899 control acquired by the United Power & Transportation Co.,
which holds 7,991 out of the 8,000 shares of stock. Stockholders were
given $75 in 4 per cent collateral trust bonds of the Power (fe Transportation Co. for every $50 of United Traction Co. stock held, with
right to subscribe for Power & Transportation stock.
Organization— Incorporated on December 17, 1895, in perpetuity,
to control the Keadlns; Traction, leased on Jan. 1, 1896, for 900 years,
and Reading & Womelsdorf Electric (stock owned) roads. Also owns
the stock of the Metropolitan Electric Co. and the Oley Valley Ry. Co.
On Aug. 1, 1901, the United Traction, leased the Reading & Southwestern Ry. of 713 miles, for 999 years, for interest on $100,000 bonds
and 12 per cent on the $130,000 capital stock.
Outstand'g. Maturity.
Date.
int.
Bonds—
Stock
Stock, $400,000 (par, $50)
$400,000 full nd
lstM.,coll. trust, gold, $150,-) 1896 5gJ-J
Jan.1,1926
149,900
000 (par $100 & $1,000) ..0* S Trustee, R. E. Title, Ins. & Trust, Phila
4i«g.
July 1, 1931
J-J 250,000
Olev Vallev Rv 1st mort f 1901
&
^°*- "^ ^^''^ ^^^'^^^ 'fl''^« I°8- * T^- ^•'
Philadelphia. Trustee.
^
"sundries," July 1, 1902, $786,204. Interest at
Co.'s otBce. Bonds subject to call at par after three years.
Road— Operates 86 miles of track (Reading Traction, 41^5 miles,
Reading & Womelsdorf Eleo., 15 miles) in and between Reading;
Womelsdorf. Black Bear and Stony Creek; Reading & Southwestern,
($10oTcM
$¥50
0(^0 goia(!t>i,uuu)..o
gold
!t,jDU,uuu,
Current
ROXBO ROUGH CHESTNUT HILL & NORRI8TOWN RY.- 7^ miles;
Atrblley road.
The United Power
portation Co.
Trenton Passenger Ry., Mulberry Street Pass. Ry., Pennington Ave.
Passenger Ry. and Ewing Passenger Ry.
In August, 899, the Mercer County Traction Co. was formed, with
a capital of $100,000 and bonds of $130,000. to enable the Trenton
Street Ry. Co. to build an extension into Princeton. Stock and bonds
all owned by the latter. In Nov., 1902, this extension was under con1
struction.
&
Date. Interest. Oulstand'g.
Maturity, etc.
Bonds—
Stock
Stock, $1,000,000, p. $50
See earnings
$1,000,000
Tr. Pass. Fir.stmort
1906 to 1915
$100,000
)
r
gold
$1,000,000,
($10,000 due yearly Sept. 30)
each,
c*
$1,000
$1.50,000
1916 to 1925
Interest at Nat. Mechan. } 1891 6g.A-0 ($15,000 due yearly Sept. 30)
I
Bank, Trenton,N.
J.
$100,000
1926
to
1930
($20,000 due yearly Sept. 30)
$650,000
Sept. 30, 1931
Consol. mort., gold
July 1, 1938
Sg.J-J
$800,000
5 1898
$2,000,000, $1,000. .c* \ Int. in Phil. & Trenton; Gir Trust Co., ti'us.
Bonds— Ot the conaol. 4s of 1898, $1,000,000 are reserved to retire
the l8t 68, and $200,000 are held in the treasury for future extensions.
69
liabilities,
Oley Valley Railway Co., 22 miles.
fiscal year ending June 30, 1902, gross, $509,212;
Earnings— For
net, $247,291; interest, taxes, rentals, &c., $220,138; dividends, $20,000; balance, surplus, $7,153.
Officers— President, JohnA. Rigg; Vioe-Pres., Henry C. Moore; Sec.
and Treas., M. C.'Aulenbaoh.— V. 68, p. 830, 829, 873.
Controlled by United Traction Co.
READING TRACTION—A troUey road.
(a)
Organization—Chartered March 9, 1893, to operate the Reading
City Pass. Railway and East Reading Passenger Railway, which it
equipped with electricity and leased for 99 years, the former from
April 1, 1893, and the latter from May 1, 1893. Road leased m DecemUnited Traction at a rental of $10,000 annually for
three years, $20,000 for next two and $30,000 thereafter.
Stock
Bonds— Par. Date, interest. Outstand'g. Maturity.
J-J
$1,000,000
See text.
ftock., $1,000,000 au. $50
8tM.,$600,000,g.,gu<
1893 6g. J - J
445,000 Jan. 1, 19.33
Not subject to call c* I Tnistee is Provident Life & Trust Co., Phila.
Loans June 30, 1902, $200,460.
Interest is payable in Philadelphia at Bank of North America and in
Reading at the office of the company and National Union Bank.
Bonds— Ot the Reading Traction first mortgage bonds for $600,000;
$1 1 2,000 are reserved to retire Reading City Passenger bonds when due.
Dividends— A dividend of 1 p. 0. was paid In Jan. and July, 1900;
in 1901, Jan., 1 p. c; July, II3P.C.; in 1902, Jan., l^p. c; July, 1^2 p.c.
ber, 1895, to the
first
&
LEASED LINES SECUE's. Par. Date.
Reading Citj Pass. Ry.
Stock (see below)
$50
IstM
1889
East Reading Elect. Ry.
Stock, fuU paid
50
Bonds. $25.000
....1897
Read.
Interest. Outstand'g.
J-J
J-J
5 p.
& Tem pie Eleo. Ry.
Stock, $75,000, guar
Ist mtg., $75,000
A-O
5
7
c.
Last
$350,000
112,000
100,000
25,000
div., etc.
See text.
Apr., 1909
Seetoxt.
July
1,
1937
A-0
A-O
See text.
73,700
73,700 Oct. 1, 1924
Dividends on Leased Line Stocks The Reading City Passenger stock
to receive dividends. 1896 to 1899 inclusive, 10 per cent; 1900 and
thereafter, 12 per cent. East Reading stock receives dividends: 1896,
1894
5
—
$6,500; 1897 to 1900 inclusive, $7,000; thereafter, $8,000. Reading
& Temple Electric pays 7 p. c. annually in dividends, A. & O.
Road- Owned and leased 41 1^ miles of track. V. 64, p. 177.
(Z»)
READING & WOMELSDORF ELECTRIC RAILWAY.
Organization, Etc.— Owns 15 miles of track. Controlled through
ownership of stock by the United Traction Co., which operates the road.
Stock
&
Bonds—
Date,
interest.
Stock
Ist mortgage,
Outstand'g.
Maturity.
$500,000
330,000 Jan.
$400,000, < 1895 5 g. J-J
gold. 0* ($1 00, etc.)
I Trustee, Real Est. Title Ins.
Interest at Reading Trust Co. of Reading. Pa.
<fe
1,
1925
Tr., Phlla.
(8) WILKESBARRE & WYOMING VALLEY TRACTION.—The
United Power <& Trans, owns 49,985 out of the 50,000 shares of stock.
Organization— Incorporated Feb. 7, 1891; controls all the street
raUway lines in the Wyoming VaUey, Pa., extending from Wilkesbarre
to Diu-yea and Nantlooke on east side of Susquehanna River and
Pittston and Plymouth, on west side.
Stock
&
Bonds—
Maturity.
See text.
$5,000,000
1891 5g. A-O
1,500,000 Apr. 1,1921
5
($1,000)
c* < Interest at Provident Life & Trust, Phlla.
Collat. Tr. & Mortgage 5 1895 5g. J - J
Jan. 1, 1925
$325,000
$325,000, gold
I Int. at Anthracite Sav. Bk., tr., Wilkesbarre.
Accounts payable June 30, 1902, $355,018.
Date,
Stock (par $100)
Ist M. $1,500,000, gold
Jliulerlying
interest.
Outstand'g.
Text.
Bonds on Roads Purchased—
Coalville Pass. Ry. bds.
Wilkesb. & Surb. bonds.
Wilkesb. & W. Side bds.
5 p.
5 p.
—
o.
0.
12,000
40,000
35,000
Guaranteed bonds
Dec. 1, 1918
$200,000
6g. J-D
Real Estate L. &Tr. Co., Phila., Trus.
PlymouthBr. Co.lstgold 5 1894 5g.A-0
$150,000
Oct. 1.1924
Si. $150,000, guar.p..fei. I Int. at Anthracite Sav. Bk., trustee, Wilkesb.
$10,000 subj. to call in 1904 and $3,000 yearly thereafter.
90,000
WllkesbaiTO & Kingston
6 F-A
150,000
See below.
Wilkesb're&E. SideRy
5s
Dividends—In 1896, Jan., 1 per cent; July, 1 percent.; In 1897,
Jan., 1 p. c; In 1898, Jan.. 1 p. c; In 1899, Jan., 1 p. 0. In 1899-00,
3%; in 1900-01, 3%; In 1901-02, 414%.
Road— Comprises 64 miles of track, fully described In the
Chkonicle of Feb. 22, 1896, page 361.
Companies Controlled in System—The following table shows the
several companies operated, their mileage, capital stock, and the
Pitt.8t.Carl8tM.{$1000)
)
1893
g.c*,p.<fei.uncondit'ygu.
s
Int. at
of it owned by the Traction Company, their debt, and finally
the rental payable under 999-year leases; 6 per cent here meaning 6
per cent on the outstanding capital stock; and $1 meaning a nominal
rental, the company having only a nominal existence.
amount
STREET RAILWAYS.
70
Name of Oompany.
Miles.
Coalville Passenger Railway
Nanticoke Street Railway..
Pitt.st. Moosic & P. V. St. Ry.
Pittston Street Car
Plymouth Street Railway...
W. Pittston <te Wyo. St. Car..
Wilkesbarre & East Side^.
Wilkesb. <fe Kingst Pass. Ry.
Wilkesb. & Subiurb. St. Ry ..
Wilkesbarre & West Side
Issiied.
5-67 $62,400
9-68
12,000
1-95
42,000
8-82 200,0'^0
600
Debt. Rental.
Owned.
$33,700 *$12.000 6 P.O.
None.
in
12.000
None.
SI
42,000
200.000 200,000 .. -•
Noue.
12,000
$1
None.
30,000
$1
150,000 •150,000
90,000 6p.c.
99,700
93.500 *40,000 6 P.O.
*35.000
92,450
6 P.O.
75,000 150,000
....
.
12,000
2-25
30.000
500 150,000
6-60 100,000
1000 100,000
9-63 100,000
Plymouth Bridge Co
75.000
U Entire stock and bonds deposited under collateral trust of 1895.
Entire amounts all owned by the W. & W. Valley Traction, with the
exception of the Wilkesbarre & West Side, of which only $23,000 Is
.
owned.
Annual Report—
Year end. JtintZO, 1902.
1901.
Gross earns. ..$634,216 $607,226
Net
334,281
260,016
Int.'onbds
90.^80
90,850
Tax.,rent.,eto.
57.247
88,502
—V.
65, p. 152; V. 66,
285. V.
p,
Tear end. JuneZO. 1902.
1901.
Dividends
$212,500 $150,000
Bal. for year.df.$26,346df$69,336
68,
p 830, 1134. V. 69,
p. 29.
(9) WILKESBARRE DALLAS & HARVEY'S LAKE RY.—The
United Power & Transport, owns 3,890 out of the 4,000 shares.
-A reorganization in 1898, per plan in V. 66, p. 1190
_
Organization
_
of the Wilkesbarre & Northern RR., sold by sheriff in Sept., '9'^. Road
partly constructed, was completed and electrically equipped by new
company from Luzerne, Pa., there connecting with Wilkesbarre &
Wyoming Valley Traction, to Harvey's Lake, Pa., 12-48 mUes.
,
,
Stock
&
Bonds—
interest. Outstanding.
Date,
Stock, 3'200 000 ($50)
Maturity.
$200,000
150.000
Sept. 15, 1928
5 g. M-S
Anthracite Sav. Bk. .Wilkesbarre. Trus.
Earnings— Eor year ending .Tune 30, 1903: Gross, $45,028, net,
$19,404; Interest, taxes, etc., $10,797; surplus, $3,607.— V.66, p. 1190;
V. 67, p. 488; V. 69, p. 133.
l8tmortgage,$150,000,) 1898
gold,
$500
c*
5
Int. at
WILMINGTON & CHESTER TRACTION—
(10)
Has been acquired by the United Power & Transportation Co., wMoh
owns 39,993 out of the 40,000 shares of stock.
Organization.— Incorporated March, 1898. Controls all the street
railwav lines of Wilmington, Del., and Chester, Pa., comprising with
leased lines about 71 miles of track. It controls the Une from Chester
to Media, also the line to Darby, where connection is made with the
Union Traction Company's line to Philadelphia. In 1898, acquired
aU the stock of the Wilmington City Ry. ($517,850) and of the Chester
Traction Co ($500,000), both of which are deposited under the collateral trust mortgage of the Wilmington & Chester Traction Co. The
Chester Traction Co. holds all the stock of the Union Railway Co.,
$100,000; Chester & Media stock, $35,000; Cheater Darby & Philadelphia stock, $65,C00; total, $200,000.
Date, interest. Outstand'g.
Maturity.
Stock
Bonds—
Stock, $2,000,000; par, $50
f. p
Listed on Phil. Ex. $2,000,000
Coll. tr., gold, $4,000,000)
1898 5 g. A-O
2,305,000 Apr. 1, 1918
($500 and $l,000ea.).c* ] Provident Life & Trust Co., Phlla., trustee.
SECCTRITIES (NOT owned)
&
OF SDBSIDIARY LINES-
M-8
600,000 Sept. 1. 1911
"^goKoreatr'.Tci
Interest is payable at the Equitable Trust Co., Wilmington, Del.
Chester Trac. l8tM.,gold
($250,000)
c* 1894 5g. M-N
250,000 May 1, 1914
Leased to Chest. Tract.—
Union Ry. Co. 1st M., gold
($500 & $1,000) c
1893
5 g. J- J
200,000 Jan. 1, 1913
Chester St. Ry. stock ($50)
10
J- J
150,000 rental 10 P.O.
Ches. & Media El.Ry.gold) 1893
5 g. J-J
100,000 July 1, 1913
Ches. Darby & Phila. gold. 1893
5 g. J-J
125,000 July 1, 1913
Interest on Chester Traction, Union Ry., Chester Street Ry., etc.,
payable at Delaware County Trust Co., Chester, Pa., and interest upon
all the latter guaranteed by Chester Traction Co.
Bonds— Ot the collateral trust 58 of 1898, $1,695,000 are reserved to retire underlying securities and guaranteed stock. Bonds are
subject to call at 103 after Apr. 1, 1914. Wilmington City bonds were
subject to call on Sept. 1, 1901, but interest reduced from 5 to 4 p. c
1891
4
g.
and right to call canceled.
Officers— Pres., John A. Rigg; Vice-Pres., E. J. Moore; Sec. and
Treas..W. S.BeU; A8st.8ec.andTrea8.,RemiReraont— V.68,p. 620,929.
(a)
Stock and Bonds— Ot the Issued, $260,000 bonds and all the stock
are owned by the United Power & Transportation Co.; the remaining
$140,000 bonds are guaranteed, p. & i., by the Chester Traction Co.
EARNINQS—For fiscal year eniling June 30, 1902. were: Gross, $49.221; net, $12,815; interest.taxes, etc., $25,123; bal., deficit, $12,308.
Road—Owns and operates 16 miles of track within the limits ol
Philadelphia. Track laid with 90-lb. girder and 60-lb. T rails.
Officers— President, John A. Rigg; Treasurer, M. C. Aulenbach.
PHOENIXVILLE, PA.
PHOENIX GAS & ELECTRIC
road.
entire stock of Chester Traction
and
Has acquired the
entire stock of the Schuylkill Valley Illuminating
Consolidated Schuylkill Gas Co. and Montgomery & Chester
Electric Ry. Co. The capital stocks of these companies, together with
the entire issue of bonds ($100,000) of M. & O. Elec Ry. and part of
the bonds of the other two companies have been deposited with the
trustee as collateral for the new mortgage. V. 74, p. 271.
Maturity.
Date, interest. Outxianding.
Bonds
Stock
Stock, $1.000,000
$800,000
Phoenix Gas & E., Col. ) 1901 5 g. A-0
750,000
Oct. 1, 1951
Tr., $1,000,000 ($5001 Int. at Real Estate Trust Co.. Philadelphia,
&$l,000i,s. f..gold c;
Trustee. Can be called at any time at 110.
Schuylk. Val. 111. mort.,
July 1,1923
1893 6g. J-J
60.000
$60,000, gold ($r)O0)c* Int at Tr. Co. of No. Amer., Phila., Trustee.
Consol. SchuTlkill «-Ja8( 1899 5 g. A-O
150,000
Oct. 1. 1929
mort.. $200,00 J ($500 < Interest at Real Estate Trust Co., Phladel-
—
&
&
PHILADELPHIA CHESTER RY.— A trolley road.
Oot. 31, 1900, the Prospect Park Ry. and the Philadel. & Delaware Street Ry. were consolidated with the Philadelphia & Chester.
$349,500 of the $350,000 stock of the PhiladeluhiaA Chester Ry. is
owned by the United Power «fe Transportation Co.
Date.
interest. O^itsland'g.
Maturity.
Bonds—
Stock
Stock, $350 000 ($50)
$350,000
5 g. M-N
350,000 Nov. 1, 1930
Ist nitge.. $350,000 ($500 J 1900
c* <Int. at Finance Co. of Ponn., Phila., I'rus.
& $1,000), gold
(11)
On
&
Bonds cannot be called.
Earnings— For fiscal year ending June
504; deficit
30, 1902, were: Gross, $16, bal-
under operation, $8,121; interest and taxes, $17,033;
ance, deficit,
$2.'^, 154.
Road-- Owns and operates
8'83 miles of track from Philadelphia to
Chester and Irom JCssington to Moore's Station.
Officers.— President, J. A. Rigg; Treasurer, M. C. Aulenbach.
(12)
SOUTHWESTERN STREET RY.—A trolley road.
Chartered Sept.
Stock
&
3,
1897.
Bonds—
Stock, .$400,000
Date. Interest. Outstanding.
Maturity.
$400,000
..
1920
1899 5 g. A-O
400,000
^
Int. at West End
Tr, oo., PhUa, trustee.
IstM., $400,000 (cannot be <
called), gold ($l,Oi 0....
I
Sundry UabUitles June 30, 1902, $158,404.
—
&
and $1,000)
delphia. Trustee.
c*
Bonds.— Ot the new Phoenix Gas & Electric bonds, $250,000 are
reserved for future extensions and improvements. A sinking fund of
1 per cent per annum of outstanding bonds becomes operative In 1907.
Bonds of the Consolidated Schuylkill Gas Company may be called in
1909 at par.
Road.— Owns and operates about 6I2 miles of track between Phoenlxville and Spring City.
Officers.— President. L. Knowles Perot; Secretary and Treasurer,
F. H. Shelton, 1004 Pennsylvania Bldg., PhUadelphla, Pa.— V. 73, ^.
<
1359; V. 74, p. 271.
PITTSBURG, KANSAS.
PITTSBURG RAILROAD.Organization— This company was formed as successor to tlie Pittsburg Frontenac & Suburban Electric, the Pittsburg Electric Ry., the
Forest Park Electric Ry. and the Pittsburg Weir City <Se Columbus RR.,
sold at foreclosure in October, 1899.
Date,
interest. Outstanding.
Maturity.
Bonds—
Stock $125,000 ($100)
$125,000
'^^^^
Jan. 1, 1920
125,000
^ ^-^
mort ($i,ooo)
($1 000) coupon
connon \ ^^^
1st mort.
^^ Merchants' Trust Co., Phila., trustee.
^
Road— Operates 14 mUes of track, running from Pittsburg to Last
Chance and Frontenac on the north, and to South Broadway, Fairall
Stock
&
view, Kirk wood, Cambria ana Chicopee on the south
Officers— Pres., John J. Tyler, Philadelphia; Vice-Pres.. Morris
Chggett; Sec -Treas., Gen. Mgr. and Sup't, W. W. McKee, Pittsburg,
Kansas.— V. 74, p. 42.
PITTSBURGH, PA.
PMILADELPHIA COMPANY.-Gas
(natural
and
manufactured), electric company, trolley. (See adjoining map.)
Organization.- Organized in 1884 and was originally a natural gas
company. Operates under special Act of the Legislature of Pennsylvania (conferring many valuable rights and privileges) granted to its
predecessor, the Empire Company, in March. 1871. Its business may
be classed under three main heads. (Ii Street Railways. (2) Electric
Lighting and Illuminating Gas and (3) Fuel Gas.
(1) The Street Railways comprise 411 miles of track, all operated
(as a matter of convenience and economy) by the Pittsburgh Railways
Co., and comprise the following properties
:
The United Traction Company,
consolidated traction company,
Mononoahela Street Railway Company,
Pittsburgh & Birmingham Traction Company,
PiTTSBnROH Railways Company (formerly Southern Trac),
PiTTSBDRGH & CHARLEROI STREET RAILWAY COMPANY,
Suburban Rapid Transit Street Railway Company,
E*ST MoKeespoet Street Railway Company,
Tustin Street Railway Company.
also
theiWilminaton City Ry. (Delaware) acquired by WUm. & Chester Trac.
The Chester Traction Co. holds all the stock of the Union Railway
Co., $100,000. Chester & Media stock, $35,000, Chester Darby & Phila.
stock, $65,000.
All Interest payable at Delaware County Trust Co., Chester, Pa. Interest upon all subsidiary securities guaranteed by Traction Co.
Date.
Interest.
Outstanding. LastDiv.de
Stock
Bonds
8tock($500,000);par, $50
$500,000
In '01-02,6%
Ist M., gold. ($250,000) S 1894
5 g M-N
250,000
May 1, 1914
($1,000)
c*Unt.atDel.Co.T.S.O.&T.In8.Co..Chester,Trus.
Accounts payable June 30, 1902, $406,123.
Road— Company operates 33 miles of track
Earnings— Year ending June 30, 1902, gross. $305,048; net, $124,480; interest.taxes and rentals, etc., $107,302; dividends, $20,000; balance, deficit, $2,823.— V. 71, p. 1312.
electric
Co..
CHESTER TRACTION—A trolley
Consolidation— In 1898
CO.-Oas,
and trolley.
Organization.- Incorporated in New Jersey Sept. 21. 1901, for the
purpose of acquiring and operating all of the gas, electric and street
railway properties of Phoenlxville. Royersford and Spring City, Pa.
In Feb., 1902, acquired the elevated railroad
franchises
whiofe
were granted to Messrs. Bigelow, Oliver, Quay and others. V. 74, p. 478.
(2.) Electric Lighting & Illuminating Gas.— Philadelphia Company also owns or controls by lease the following companies, forming
the lighting department of its business:
Allegheny County Light Company,
Monongahela Light & Power Company.
Southern Heat. Light & Power Company,
Consolidated Gas Company,
South sidk Gas Company,
Allegheny Illdminating Company.
Ohio Valley Electric Co. of BeUevue.
The first three are the only public organizations furnishing electric
current for heat, lulit and power to Pittsburgh and Allegheny and the
territoryimmediately surrounding the same. The Consolidated Ga«
Company operates under a perpetual charter, and with the Allegheny
Illuminating Company and the South Side Gas Company constltutesth*
only gas-manufacturing companies In the cities of Pittsburgh and Allegheny, and the exclusive right to manufacture Illuminating gas in
those cities
is
said to be vested in them.
Fuel Gas. -Philadelphia Company, through its own lines and
those of a number of companies controlled by it. supplies nearly all
(3.)
the fuel gas consumed in the cities of Pittsburgh and Allegheny and the
manufacturing towns lying along the Monongahela and Allegheny
rivers. Company controls by lease about.300,00" acres of gas lands,
and has also acquired in West Virginia and Pennsylvania the gas
rights on about 73,917 acres of well-known producing fields. Th«
principal fuel gas companies controlled are:
Philadelphia Company,
Ciiaktiers Valley Gas Company,
Equitable Gas Company.
Pennsylvania Natural Gas Company,
Union Gas Company of McKeesport,'
Allegheny Heating company.
See ofilolal statement In Chronicle of July 12,1902,
for further details regarding the character and nature
pany's business.
75, p. 83,>
of the com-
See also reports of earnings there given, j
>*
STREET RAILWAYS.
gCHEDULK OF CAPITAL STOCK SHARES OF OTHEE CORPORATIONS
OWNED AND POSSESSED ON FEB. 1, 1903.
Total Issue.
Shares.
United Traction Co. of Pittsburgh... .339.998 Common out of 340,000
Consolidated Gas Co. of the City of
Pittsburgh (owns stock of Allegheny
"
••
xSO.OOO
80.000
Illuminating Co.)
"
"
30,000
x29,850
Chartiers Valley Gas Co
"
"
20,000
19,822
Pennsylvania Natural Gas Co
"
*'
14.000
13.774
Equitable Gas Co. of Pitts sjurgh
"
4,90'< Preferred
6,000
Equitable Gas Co. of Pittsburgh
"
12,417 Common
20,000
South Side Gas Co
"
•'
1,000
Ohio Valley Electric Co
836
"
xlS.OOO Common
15,000
The Allegheny Co. Light Co
"
"
x2.64i
5.0<
Allesheny Heating Co
"
y232,757 Preferred
240,000
Consolidated Traction
"
300,000
Consolidated Traction ..
y284,249 Common
16.0i'0
" being all the stock.
Union Gas Co. of McKeesport
"
50,000 Preferred
Southern Traction Co
"
50,000 Common
Southern Traction Co
"
"
Southern Heat, Lt. Jz Power Co
6,000
"
"
East McKeesport St. Rv. Co
5.000
"
"
Braddock Gas & Lt. Co
5.000
Suburban Gas Co
Pressure Gas Co
Pew. Emer.son& Co., Limited, Inoor..
American Transfer Co
Mansfleld <fe Chartiers Gas Co
Duquesne Natural Gas C)
Fuel Gas Co. of the County of Allegheny
Pittsburgh & Char. St. Ry. Co
Tarentum Light & Heat Co
Carpenter Natural Gas Co
2,000
1.000
1,000
1,000
Low
Braddock Fuel Co
Acme Heating Co
&
Allegheny
Chartiers
RaUway
"
200
200
"
"
100
100
100
100
"
"
"
Co..
The Philadelphia Co. of West Va
TustinSt. Rt. Co. (no bondsout)....
Mifflin Natural Gas Co
"
"
"
"
"
"
"
"
"
"
"
"
for the collateral trust bonds of 1901, and these latter bonds are also a
second lien on the shares marked x.
Stock
&
Bonds—
Bate.
Isa.f
®*000;'pa?!
.^'.T.': ]
Pref. 8tk.,5p.o.,non-cnm.,)
$6,000,000; par, $50....^
Phil. Co. l8t& Col. Tr. M., >
$6,500,000g. ($1,000) c" S
^t?' M°* «22'0^' 000°°i' I
($1,000)
.
AUegh'y County Lt.'l St M.
East End Elec. L't 1st M.
''IZ^TI^l;:^:^::]
""TiloO^OO&'ilt:}
3
1903
*
Outstanding. Lastdiv.,ete.
Q"J
$28,953,029 Feb.. 1903,11,
n,
^"^
ciTdAaio
5,744,812
two,. »no oi
Mar.,'03,2is
1899
5 g M-S
5,500,000 Mar.l, 1949
Maryland Trust Co., Baltimore, Trustee.
1901
5 g M-N 11.912,850 Nov. 1, 1951
ContinentalTrust Co., Bait, Trustee.
1891
6 F-A
$500,000
1911
1895
6 F-A
500,000
1915
^^.ooo.ooo
AG
* This does not cover such railroad properties as are separately
reported further on.
5toc&— Stock authorized was Increased in February, 1899, Irom
$7,500,000 to $21,000,000, of which $6,000,000 Is 5 p. 0. non-cumulative preferred. The increase was made to acquire the common stock
of the Allegheny County Light Co., Chartiers Valley Gas Co. and the
Consolidated Gas Co.; also by exchange the United Traction stock. On
Deo. 4, 1901, stockholders authorized an increase to $36,000,000
through thd issue of $15,000,000 additional common stock. The increase was maiuly for the purpose of acquiring the shares of the Consolidated Traction Company and the Southern Traction Company.—
DIVIDENDS.
Percent,
$
s
2,083,650
1 558.097
773 .448
Rents
.S,527
79 551
310,9481
9.875
3 698 f
41,961 J
I
115,071
63.383
3,626
66,690
57,728
.4,146,958
1,357,559
3.041,072
1,090 860
2,529,683
1,294 736
1,736,551
1,020,403
2,789,399
1,950,212
1.234,947
716,143
281,869
Paid leased companies .
Dividends
1,136.703
454,729
Interest on bonds
Other Int. and organ, exps. 92.77
Improvements
570,63
226,082
936,763
209,896
31,591
544.337
219.764
679.299
203.645
27,493
231.036
300,000
16 667
Interest
and discounts, &c.
Total receipts
Operations, taxes,
&o
Net earnings
Deduct—
.
•<
Total
2.536,710 1.948,669 1,130.199
547,703
sur. 252,689
sur. 1,543 sr 104,748 sr. 168,440
Balance
Earnings of the companies controlled by the Philadelphia Company
(namely, the consolidated Gas Co. of Pittsburgh. Allegheny Ulumlnat'g
Co., Allegheny Count v Light Co., Chartiers Valley Gas Co Union Gas
Co. of MoKcrsport, Equitable Gas Co., Braddock ^as & Light Co.
and PittshuTghRailwaysCo.) for the fiscal year ending March 31, 1902,
in comparison with the two years preceding (when the Braddock Gas
& Light Co. was not included and only the lines of the United Traction
among the roads now embraced In the Pittsburgh Railways Co.) were
-
Gross earnings
Operating expenses and taxes
1901-02.
$5,505,943
2,855,469
$3,810,440
1,892.801
Net earnings
Other income
$2,650,474
95,689
*1,917,639
70,103
1900-1.
1889-00.
$3,628,167
1,675,365
$1,952,807
$943,879
Dividends
$333,500
PhUa. Co.'s proper, of above div.. *$332,030
$937,629
$390,625
•$233 975
$236,443
$225,000
$223,620
Included in "dividends on stocks owned" In the statement above.
Officers, Etc.— J. H. Reed, President; James D. Gallery, VicePresident (now President of the Pittsburgh Railways Company); J. F.
Quffey, General Manager; C. J. Braun Jr., Treasurer W. B. Carson,
Secretary; C. S. Mitchell, Auditor. Directors: Messrs. Reed, Gallery,
Given. ElMns. Rhodes, McMullin, Frazier. Bowdoin and Calhoun.
*
— V. 74, p
V. 75,
p.
95, 201. 380, 428, 431, 478, 988, 1036, 1039, 1253, 1353;
78, 182, 1254; V. 76, p. 48.
trolley road. See ifap ad(1) PITTSBURGH RAILWAYS
Joining
rhls was formerly the Southern Traction Co.. but in accordance with
the authority vested in it by the terms of its charter, the directors of
the Southern Traction Co. on Deo. 30, 1901, voted to change the name
of the company to the Pittsburgh Railways Co. The Philadelphia Company had previously acquired all the stock, common and pref.. of the
Southern Traction, In accordance with terms in V. 73, p. 1112.
CO—A
By the TERMS OF AN OPERATINO CONTRACT, EFFECTIVB JANUARY
6F-A
2,000.000 Feb...03,3%
Consol. Gas, Ist mort., > 1898
5 g. F-A
5.000,000 Feb.1,1948
gold
Trustee Maryland Trust Co., Baltimore.
c*&r 5
BraddockGas&L. 1st M.) 1888
6 M-N
40,000 May 1, 1908
$40,000 ($500 $1,000) > Interest at Farmers' Loan & Trust Co.,
sinking fund
N. Y., Trustee.
)
East McKeesport St. Ry. ) 1899
5 g. J-D
250,000 Deo. 1, 1929
Ist mortg'e, $250,000 > Interest at Fidelity Title & Trust Co., Pitts($1,000) gold
burgh.
Trustee.
i
Southern Heat, Light &) 1899
5 g. J-D
200,000 Dfc. 1, 1949
Power Co., Ist mortg'e > Interest at Mercantile Trust Co., Pitta$300,000 ($1,000) gold ) burgh. Trustee.
Monongahela Light &) 1899
5 J-D
1.700.000 June 1, 1949
Power Co. Ist mort'ge > Int. at T. Mellon & Sons' B'k. Pittsburgh.
$1,700,000
The Union Trust Co.. Pittsburgh. Trustee.
)
Ohio Valley Electric Co. ) 1897
6
50,000 April I. 1917
Ist mortgage, $50,000. 5 Int. at Mercantile Trust Co., Pitts., Trustee.
___
73, p. 1112.1
$
2,586,450
64.9-9
317,753
10.625
;
Hate.
q
$
Net income
marked thus, x, are in the hands of the
Maryland Trust Company, trustee under the first mortgage anfi collateral trust dated March 1, 1899. Those marked y are held as security
1.
on stocks owned
Premium on bonds sold
Dlv.
inV.74, p. 1036.
1898-99.
1899-00.
3,188,121
115,073
Receipts—
Prom gas
From oil
1900-01.
Total Income
$2,746,163 *1,987 742 $1,952,807
Fixed ohges and other deductions. 1,802,284
1,050,112
1,716,364
All of the above shares
SECURITIES OUTSTANDING FEB.
1901-02.
as follows
'
"
'•
Report—Report for year ending Mar. 31, 1902, was
,
"
"
"
"
"
70
70
70
60
xlO
24
200
AcmeFuelCo.
"
"
"
"
500
200
PennFaelCo
Acme Gas Co
"
"
"
"
"
71
1892. '93. '94. '95. '96. '97. '98. '99. 1900. 1901. 1902.
414 414
5
5
None.
j
4 434 5
5^^
6
The foregoing dividends are for the common stock. The preferred
stock was created in 1399. and the first semi-annual payment of 2^
per cent was made in Sept., 1899, and these payments have been
regularly continued since then.
)
1,
THE Pittsburgh Railways Co. assumed control of all thb
PROPERTIES of THE CONSOLIDATED TR^CTIOM CO., THE UNITED TRACTION Co. of Pittsburgh and their underlying companies.
The Southern Traction Co. was chartered in 1900 to take over, extend and operate the West End Traction lines, which were purchased
1902,
In Aug., 1900. for $4,500,000.
It owns the following securities (being in each case the entire issue):
50,000 shares common stock of the West End Traction Co.
50,000 shares preferred stock of the West End Tract ion Co.
120 shares capital stock of Virginia Ave. Street Ry. Co.
"
"
•'
400
McKees Rocks & Ingram St. Ry. Co.
"
"
"
300
McKees Rocks & Neville Isl. St. Ry. Co.
"
"
12"
"
Crafton A Chartiers Valley Tract. Co.
"
"
"
400
Plus. Banks'lle & Mt. Lebanon S. R. Co.
"
"
"
100
Carnegie Bridge Co.
Road— Owns and opeiates 48*80 miles of track in Pittsburgh and
outlymg boroughs.
Maturity.
Dale. Interest. Outstand'ff.
Stock and BondsCommon stock, $2,500,000.
$2,500,000
Pref. 5 p. o.cum ,$2,500,000.
2,500,000
So. Trac. 1st
coU. tr., g. < 1900 5 g. A-O
3,100,000 Oct. 1,1950
$4,000,000 ($l,000)....c" ( Int. at Union Tr. Co., Pittsburgh, Trustee.
West End Traction con. M. 1898 5
725,000 Jan. 1, 1938
J-J
$1,500.000
lint at Union Tr.Co., Pittsburgh, Trustee.
Underliji7ig loans of West End Traction
Pittsburgh Crafton &Mans- \ 1894 5
J-J
250,000 July 1, 1924
field Ist
\ Int. at Pittsburgh Trust Co., Pittsburgh.
Pitts*. West End 1st
500.000 July 1, 1922
... 1892 5
J-J
Bojirf*.— The new Southern Traction mortgage cannot be called beore maturity. The $900,000 unissued is held for betterments and
Improvements. The Farmers' Deposit National Bank of Pittsburgh
ottered the bonds for sale in October, 1900. Of the portion of the 58 of
1893 of the West End Traction still unissued, $750,u00 are reserved to
retire underlying bonds and $25,000 for other purposes
Report— For fiscal year ending Sept. 30, 1901 (Southern Traction
Co.): Gross, $582,703; net, $287,159; other income, $7,368; charges,
$264,250; balance, surplus, $30,277. Not now an operating Co.
Officers -President, J. D. CaUery; 1st Vice-President. J. H. Reed;
2d Vice-President. 8. L. Tone; Secretary. W. B Carson; Treasurer, C. J.
Braun Jr.; Auditor, C. S Mitch-U. Directors, J. D. Gallery. J. H.
Reed. Joshua Rhodes. A. W. Mellon, T. H. Given. P. A. B. Widener,
M. K. McMullin.— V. 71. p. 343, 391, 864. 914; V. 73, p. 554.
M
M
M
Bonds— Of the $6,500,000 bonds of 1899 (mortgage trustee,
Maryland Trust Co.) $4,000,000 was issued at once in part payment
for the stock of the Allegheny County Light and Chartiers Valley Gas
Co., and $1.0U0,000 is reserved to retire the $1,000,000 bonds of the
Allegheny County Light and East End Electric bonds. The balance,
$1,500,000, was expended for improvements and additions as follows:
To the property of The Allegheny County Light Co., $125,000 was ad(2) UNITED TRACTION CO.—
vanced December. 1899; $125,000 in August, 1900, and $500,000 in
October, 1902. To the property ot the United Traction Co. of PittsORQANIZATION.—Formedin 1896, and in June 1897, and purchased
burg $425,000 in October, 1902, and .$325,000 in January, 1903, all the property and franchises ot The Second Avenue and North Side
for future improvements and additions, out of which $125,000 was traction companies, and secured control of the Pittsburgh illegbeny
Issued In Dec, 1899, and $125,000 in August, 1900, to pay for bet- & Manchester through a lease for 950 years and the purchase of its
terments to the property of the Allegheny County Light Co.
The stock. The Federal St. & Pleasant Valley Passenger Ry. is controlled
bonds were in Oct., 1899, listed on the Philadelphia Stock Exchange, through its lease for 950 years to the North Side Traction. In 1902
and are also listed on the Pittsburg Stock Exchange. The Philadelphia leased the Pittsburgh & Birmingham Traction.
In March, 1899. tlie Philadelphia Go. olfered to give $6,375,000 of
Company stock has been listed on the New York Stock Excliauije
since October, 1886. and is also listed on the Phila. Exchange. See its common stock in exchange for the .iil7.000.000 common stock of
application to the N. Y. Stock Exchange in V. 70, p. 1198, and also the United Traction. See V. 68, p. 479. In October, 18^9, exchange
in Chronicle of Feb. 22,1902. Ot the $22,000,000 bonds of 1901, of stock under this plan was begun and 339,998 shares have been
$6,500,000 are reserved to take up the $6,500,000 1st col. tr. bonds,
$12,000,000 .were to acquire the pref. stock of the Consolidated
Traction Co. and $3,.500,000 are for Improvements, betterments, extensions, &c., out of which there was issued in January. 1903. for betterments to property of the United Traction Co., of Pittsburg. .*150.000; Consolidated Traction Co., $170,000. and Plttsburgu Railways
Co., $355,000.
acquired.
&
Date, interest. Outstanding. Div.orMat.
Stock
Bonds$17,000,000 Jan.'03,i9p.o.
Com.stock,$17,000,000 (50)
J-J
3,000,000 Jan., 1903, 2i«
Pref.cum., $3,000,000 ($50)
4.750,000
1897 5 g. J-J
J'y 1,1997
United Trao. gen.m.gold, )
$10,000,000 ($1,000). c' 5 Trustee Maryland Trust Co., Baltimore.
Interest is payable in New York City.
STREET RAILWAYS.
72
Annual
Outstanding
NotOwyied.
Underlying Secunties—{'il SeeaXsohelovf),
Federal & Pleasant Valley bonds
$1 ,250,000
Pitts. Alleg.d: Man. bonds, 5 p.c. due Oct. 1,1930 1,500,000
2,500,000
Second Avenue Traction bonds
Charges.
$63,230
75,000
125,800
$264,030
$5,250,000
Total of bonds, $5,250,000)
Second Avenue Traction bonds for $2,500,000 as above (assumed by
United Traction Co.) Include:
Div.orMat.
Bale. Interest. Outstanding.
Second Ave. Trao. Mort. 5 1894 5e:. J-D $2,030,000 Dec. 1,1934
Balto.,Md.
gold ($1,000)
o' ( Trustee, ilaryland Trust Co.
Interest at Brown Bros. & Co., N. Y., or A. Brown & Sons, Balto.
120,000 July 1, 1909
2d Ave. Pass. Gen. mort.... 1889 5 J- J
300,000 July 1, 1933
1893 5 J- J
2d Ave. Traction Co.
50,000 April 1, 1911
Braddock& Turtle Cr'klst. 1891 6 A-O
The United Traction receives the entire earnings of the North Side,
Pitts. A. & M. and Second Ave. traction companies, subject only to
annual charges of $264,030, as shown above.
Dividends— On preferred in 1898, 5 p. c; in 1899. 5 p. c; In 1900,
5 p. c: In 1901, 5 p. c; in 1902. 5 p. o.; In 1903. Jan.. 1^ p. c. Dividends of ifl p. o. on common stock commenced Jan. 2, 1903.
jBonrfs— The new United Traction mort. is limited to $10,000,000;
bonds cannot be redeemed before maturity Maryland Trust Co. of
Baltimore is trustee. Of these bonds, $5,250,000 are reserved to
All the bonds outretire the divisional bonds (above mentioned.
standing ($4,750,000) were listed on the Philadelphia and Baltimore
Stock Exchange in February, 1898.
Miles.
Road—The miles of track owned and consolidated are
63-83
Second Avenue Traction
31-84
North Side Traction
21*45
Pittsburg Allegheny& Manchester Traction
M
;
11713
Total
Report—Not now an
operating company.
Officers.— President, James D. Gallery; Vice-President, J. H.
Reed; Sec, W. B. Carson; Treas.,C. J. Braun, Jr.; Auditor, C. 8. Mitchell.
Office, Pittsburg, Pa, Financial Agents, Alexander Brown & Sons,
Baltimore, Md.— V. 70, p. 329; V. 71, p. 180, 1271; V. 73, p. 390.
Lilnes controlled by United Traction Co.
[(a)
FEDERAL
ST.
& PLEASANT VALLEY RY.—TroUey.
Organization—Incorporated March, 1868, and has since consolidated its various subsidiary companies. The franchise is perpetual.
The North Side Traction Co. on July 20, 1896, leased the Federal
Street & Pleasant Valley for 960 years, assuming its funded debt of
$1,250,000 and its floating debt of $175,000, and agreeing to pay as
rental all taxes, rentals, etc., and also $70,000 yearly in cash, payable
January 15 and July 15, equal to 5 per cent on the $1,400,000 stock,
of which it owns $752,650. V. 63, p. 31, 76, 189.
Date. Interest. Outstand'g.
Maturity.
Stock
Bonds—
Stock (par $25) full paid
See text.
5 J- J
$1,400,000
Consol. mort.. $1,250,000,51892 5g.J-J
873,000 May 1, 1942
g., $1,000, on 28 mUes..*o ( Int. at Fidelity Title & Tr. Co., Pittsburg.
Vnderli/ing mortgages
Observatory Hill 1st
1887 5 J- J
$47,000 July 1, 1907
Federal St. & PI. Val. Ist
6 J74,000 July 1, 1903
People's Park Pass
1882 5 J-J
53,000
1913
Fed. St. & PL Val. mort
1889 5 J-J
98,000 July 1,1919
Aliegneny&BeUevuelstM. 1890 5 J-J
23,000 Nov. 1, 1920
Allegheny St. 1st mortgage. 1890 5
36,000
1920
Perry St. Ist mortgage
1890 5 J-J
4,000 Nov. 1, 1920
Troy Hill Ist mortgage
1890 5 J-J
42.000 Nov. 1, 1920
.Bonds— The consolidated mortgage of 1892 is for $1,250,000, of which
the balance unissued is in the hands of trustee to retire aU the other
Issues mortgage trustee Is the Fidelity Title & Trust Co., Pittsburgh.
Road— Embraces 33 miles of track (including sidings) on about
17 miles of street; rails mostly 90-lb. girder.— V. 63, p. 189.
&
—
M
M
;
PITTSBURGH ALLEGHENY* MANCHESTER TRACTION.-
(b)
OrQANIZATION— Consolidated with United Traction
which purchased
(c)
all
the capital stock (V. 65,
in June, 1897,
p. 27).
PITTSBURGH & BIRMINGHAM TRACTION.-A trolley road.
On Jan. 1, 1902, this ooinpauy was leased for 999 years to the
United Traction Co.. which has agreed to pay all interest, taxes, etc.,
and also $1 5*^,000 annually as rental. Lease is guaranteed by the
15, 1889; Nov. 19, 1889, leased
B. Passenger Ry., including South Side Pass. Ry. Co. Has also
P.
leased and operated since Dec, 1891, Pittsburgh Incline Plane Co. and
Mt. Oliver Incline Plane Co.; operates also Birm. Knoxville & Allentown Traction Co. (See suit regarding interest paid on B. K. & A.
bonds. V 62^. 989.) In Aug., 1900, purchased the $400,000 capital
stock of the West Liberty Street Ry., and constructed a line to Mt.
Lebanon. V. 71, p. 343.
Organization— Incorporated Aug-
&
&
Bonds.—
Outstand'g
Maturity.
$3,000,000
See text.
1889 5g. M. -N.
1,500,000 Nov. 1,1929
Trustee,Fidelity Trust Co. of Philadelphia.
....
5
115,000
Date.
Stock ($50)
Interest.
Text.
Ist mort., gold, 5s...
($1 ,000)
J
0* 5
B'd8,$12,000,p'd y'rly
Guaranteed bonds—
Blrm.Knox.&A.lstM.
)
gold, interest guar..
5
A-O
1891 6
M-S 500,000 Sept.
Trustee, Fidelity Trust Co., Phila.
*Rj!l8t mort.!!:.^.*.i 1896 5
g.
F-A
300,000
Oct.
1,
1931
1,
1926
Road— Operates 33-80 miles of track, laid with 90-lb. rails, as follows.
Mam
&
-.
&
line. 24 miles
Brownsville Ave. Ry. (all its $300,000 slock
owted), 7-33 miles;. inclines, 2 mUes.
Annual Report- Not now an operating company.—v. 69, p. 332,
;
334; v. 71, p. 343; V. 72, p. 776.
Lines Leased to Pittsbursh &, Btrminshain Traction.
MT. 6LIVER INCLINE RY.— Owned, leased and operated by Pittsb.
6 Birm.
Traction Co. Stock, $100,000. Bonds, lirst mortgage 6s, M. &
N., due Nov. 1, 1901, $44,500. Up to Feb., 1903, these bonds had not
been taken up,
PITTSBURGH INCLINE PLANE— Leased for 999 years to Pittsb.
A Birmingham Traction Co., at rental equal to interest on bonds and
10 p. c. on .$150,000 stock, free of tax, but dividends have been 9 p. o.
yearly, balance being carried to surplus.
Date, interest. Outstand'g.
Maturity.
Stock
Bonds—
Q-F $1.50,000
Stock, par $100, full paid
See text.
Ist M., $1,000 each
6 J-J
150,000
o" 1889
July 1, 1919
100,000
6 J-J
June 1,1910
( 1890
2nd mortgage
^Sulyectto call on any .June 1 after 1894.
( Int. at Fidelity TruKt Co., Pliila., trustee.
Road— Road extends from Forty Hill, Pittsl)iirgh ou Bradford
Street to Washington Avenue, on top of hill.— V. 71, p. 34a.
&
(d) PITTSBURGH & CHARLEROT STREET RY.— A trolley Road.
Organization— Incori)orated April 19, 1002, and took ver the
Charlerol & West Side liy.; is leased to the Uulted Traction Co. for
900 years from May 15, 1902. Bonds are guaranteed principal and
<
M
&
Bonds— Ot the Pittsburgh & Charlerol bonds, $135,000
Uke amoimt of Charlerio & West Side bonds.
reserved
is
to retire a
Road— When completed will comprise a road between Pittsburg and
way of Castle Shannon, Finleyville, Monongahe la City
and CJharleroi. a distance of 34M miles. Entire line is expected to be
Allenport, by
in operatioa soon.
Officers— President, W. L. Mellon: Secretary, G. S. Davison; Treasurer, W. 8. Mitchell, Asst. Sec. and Treas. Weaver H. Rogers. - V. 74,
p.
1039, 1090.
(3)
CONSOLIDATED TRACTION—Trolley road.
Organization-Chartered July 15, 1895. The company has merged
the Fort Pitt Traction. Co. and assumed its leases of the Citizens' and
the Allegheny Traction companies, and has acquired the control of the
Pittsburgh Duquesne <fe Central "Traction companies. In 1902 leased
the Monongahela Street Ry. and the Suburban Kapid Transit Street Ry.
On Dec. 4, 1901, stoctiholders of Philadelphia Company approved
plan for absorbing the shares of the Consolidated Traction. See terms
In V. 73, p. 1112. Up to Feb., 1903, 284,2*9 shares common and
232,757 shares preferred had been so exchanged.
Par.
Outstanding.
interest.
Dividend.
Stock—
Commonstook
$50
$15,000,000 Jan., 1903, 1<;&
12,000,000 Jan 1903, 6%
50
Pf. stock, 6 P.O. cum.
The preferred stock carries cumulative dividends of 6 per cent per
annum, and has the right to participate equally with the common stock
when that has received 6 per cent. All arrears of dividends were
paid up in Jan., 1903. V. 76, p. 48. First dividend of 1 p. c on common
stock was paid Jan. 2, 1903.
Companies Controlled—The companies acquired are shown in the
loilowing table, as also the amounts of their stocks and bonds.
Miles.
Old stock.
Company.
Bonds.
Duquesne Traction
33
$3,000,000
$1,500,000
12ia
Pittsburgh Traction
12,500,000
1,000,000
Central Traction
8^ *1,500,000
500,000
10
3,000,000
Fort Pitt Traction
11938,000
30
Citizens' Traction
3,000,000
1,620,000
18
500,000
Alleg heny Traction
750,000
*On this only 60 per cent ( J30 per $100 shares) has been paid in,
representing $900,000.
tThis is nominal value of shares; less than full amount has been
paid on shares. IT Fives due 1935.
In Consolidated Traction Co.'s balance sheet of March 31, 1901, the
Cost in Secuabove companies appeared in assets as follows
Shares. rilies or Oasn.
52,535
Duquesne Traction
$1,943,775
3,465,0(iO
49,500
Pittsburgh Traction
29,133
873,990
Central Traction
60,000
Fort Pitt Tractioa
15,900,000
Road -Controls about 126 mUes of track in all.
Annual Report—Company's report for year ending March 31
1901, win be found in V. 72, p. 934.
Officers— President, J. D. Gallery; Vice-Prest. J. H. Reed; Sec. W.
B. Carson; Treas., C. J Braun Jr.; Auditor, C. S. Mitchell —V. 71, p.
84, 133; V. 72, p. 821, 872, 934, 1080; V. 73, p. 553, 723; V, 76, p. 48.
6M&N
,
Lines controlled by Consolidated Traction.
(a)
ALLEGHENY TRACTION.—
Organization— Incorporated July 23, 1889. April 1, 1896, this
company was leased to the Fort Pitt Traction Company for 950
years at a rental of $25,000 per annum.
Miles. Date, interest. Outstand'g. Lastdiv.,etc
Bonds
Stock
Stock, $500,000, par $50
5 p. c.
$500,000
See text.
—
&
Guaranteed bonds—
Etna & Sharps- ) .... 1893 5g. M-N 750,000 Nov. 1, 1923
burglstM. $750,000,g. 5 Trustee, Pittsburgh Trust Co., Pittsburgh.
Dividends— The semi-annual dividend of 213 p. 0. due June 1,1901,
was passed, the proceeds being used to pay off the floating debt. In
1902, ApL, 2 p. o.
Road— Including MUlvale Etna & Sharpsburg, IS^a miles of road.
Millvale
(b)
Philadelphia Co.
Stock
Interest by the United Traction Co. and the Philadelphia Co. The
entire issue of bonds was oflfered by T. Mellon
Sons and the
Union Trust Co. of Pittsburgh in May, 1902.
Date.
interest. Outstanding.
Maturity
Stock
Bonds—
Stock, $2,500,000 ($50)
$2,500,000
CharL
West Side Ist
135,000 Sept. 1,1929
Pitts. & Charl, 1st M. $2- ? 1902
5g M-N
2,000.0(
Mav 1.1932
500,000 g. ($1000). ...c* S Int. at Union Tr. Co., Pittsburg, 'Trustee.
CENTRAL TRACTION.—TroUey.
21, 1888. Leased from April 2, 1896, to
the Consolidated Traction for 950 years at 3 p. c per annum on par
value of $1,500,000 stock, see V. 61, p. 1154— and in May, 1896, stockholders were ofi'ered privilege of exchanging their stock for receipts,
which were redeemed at $30 per share on Oct. 1, 1896, in Consolidated
Traction Go. preferred stock at par. (In Feb., 1903, 29,133 shares of
Central Traction stock (out of 30,000) had been so exchanged.— V. 62,
p. 1087.
Maturity.
Bonds Mites. Date, interest. Outstanding.
Stock
< 30,000 shares )
Stock—par $50,
o„- ^._.^
3% i $30 paid up. J Bee texi^
seetext
\
6
1889 5 J$375,000 July 1. 1929
lstM.$375,000 ^
cable line $500 \ Interest at Union Trust Co., Pittsburgh.
Bonds of Central Passenger Ry. controlled.
4
1894 6 A-O
125,000 Oct. 1, 1924
1st M. $250,- )
000, $1,000. . 5 Interest at Union Trust Co., trustee, Pittsburgh.
Dividends— Y&\i. 1, 1892, $2 50 in stock in 1896, Feb., 2 p. 0. in cash;
in 1898, No V. 1 ii> p. 0. in cash; in 1899, 3 p. c; in 1900, 3 p. 0.; in 1901,
3 p c; in 1902, 3 p. 0.
Road— 8-5 miles of road, of which it controlled by ownership of
capital stock. Central Passenger Ry., 3^ miles. —V. 62, p. 948, 1087.
Lease— Incorporated Deo.
—
&
;
,
CITIZENS' TRACTION— A trolley road.
Organization- Incorporated July 6, 1887. On
((')
Sept. 1, 1887, purchased the entire capital stock ($200,000) of the Citizens' Passenger
it now holds.
Lease— Leased from Nov.
Ry., which
1, 1895, to Fort Pitt Traction Co. (now
Consol. Traction) for 950 years at 6 p. c. per annum on $3,000,000 capital stock. In addition the lessee agreed to pay a floating debt of $175,000, and at maturity a mortgage debt of $1,620,000.— V. 61, p. 661.
Outstanding.
Maturity.
Date, interest.
Bonds—
Stocks
Seetext.
6 M.-N.
$3,000,000 f.p.
Stock ($50) fully paid
1,250,000
Oct. 1, 1927
1887 5 A.-O.
1st mortirage ($1,000) <
Not subject to call. Trustee, Fidelity Title & Trust Co., Pittsburgh.
&
(,
95,000
Purchase money mortgs
Bonds of lines whose slocks are owned.
June 1, 1922
250,000
PennSt. Pas.s. Ry. IstM. 1892 5 J.-D.
Interest and dividends payable at N. Holmes & Sons, Pittsburg, Pa.
Dividends— In 1892, 6 n. c; in 1893, 6 p. c; in 1894, 6 p. c; in 1895,
5 p. 0. Under the lease dividends are 6 p. c.
Road.— Owned and operated 30-5 miles of track on 15 miles of
street.— V. 60.
(d)
p.
930; V. 61, p. 112, 516, 661.
DUQUESNE TRACTION—A trolley
road.
Jan. 25, 1890. Leased from April 2, 1896, to
the Consolidated Traction for 950 years at 4 per cent on the $3,000,000
stock, but dividends for a year and a-half to be withheld for payment
Lease— Incorporated
STREET RAILWAYS.
of floating debt of $180,000. In May, 1896, stockholders were allowed
to exchange their stock lor receipts, redeemed Oct. 1, 1896, at $37 per
share in 6 per cent preferred stock of Consolidated Traction Company
at par. In Feb., 1903, 52,535 shares out of 60,000 had been so exchanged. See V. 62, p. 1087.
Maturity.
Date, interest. Outstanding.
Bonds
Stock
See text.
Text.
$3,000,000
....
=. , ,L7:^ 7
,
., 5
fully
paid
Stock
($50)
| pj^ payable at Fidel. Title & Trust Co., Pitts'h
July 1, 1930
1,500,000
5 J. -J.
c.* 1890
1st mortgage
mvidends were 5 per cent, Ji&J, but in 1893 and 1894 none paid;
In 1895, 4 p. c; in 1896, none; in 1898, 3 p. c; in 1899, 4 p. c; in 1900,
4p. c; in 1901. 4 p. c; in 1902, 4 p. c.
Road—At time of lease in 1896 controlled 11 companies, with a
capita) aggregating $249,700 and having 333i6 miles of road.
-V. 60, p. 930; V. 61, p. iS3, 794, 1154; V. 62, p. 948, 1087.
—
&
^^
(e)
MONONGAHELA STREET RAILWAY26, 1898, absorbed by consolidation the
Soheniey Park & Highland, Homestead & Highlands, Braddock &
(f )
ORGANIZATION— On May
Homestead, and the Braddock & Duquesne (the latter then building).
In December, 1901, the Monongahela Street Ry., the Wilklnsbui-g &
East Pittsburgh Street Ry., the Wilkin sburg & Verona Street Ry. and
the Pitcairn&Wilmerding Street Ry. were merged in the Monongahela
Street Ry. and stock was increased from $1,000,000 to $7,000,000.
See V. 7d, p. 1112. On Jan. 1, 1902, the Monongahela Street Ry.
was leased for 99^^ years to the Consolidated Traction Co. for interest,
taxes, etc., and an annual rental beginning with $165,000 the lirst
is
reached.
^Lease
Stock
&
Bonds—
Miles. Date.
Interest.
Stock, $7,000,000
Mon
Maturity.
Ontstand'g.
$7,000,000
1,000,000 June 1. 1928
Ry. lstmort.,)17 1898 5g. J-D
Union Trust Co., Pittsburgh, Trustee.
$1,000,000, gold
S
Total outstanding bonded debt, $4,400,000.
Road—Owns 2363 miles of track, including branches; 90-lb. rails.
Report—Not now an operating company.
Officers—President, W. li. Mellon; Vice-President, A. W. Mellon;
Treas., W. 8. Mitchell.- V. 67, p. 74; V. 71, p. 1167; V. 72, p. 776.
(g)
St.
PITTSBURGH TRACTION—A troUey road.
Organization- lucorporated April 30, 1887.
Lease—Leased from AprU 2, 1896, to the Consolidated Traction for
950 years at 7 per cent on the $2,500,000 stock (see V. 61, p. 1154)
but lia years' dividends were used to pay floating debt of $250,000.
In May, 1896. stockholders were ofl^ered receipts for their stock,
which were redeemed at $70 per share on Oct. 1, 1896, in preferred
stock of Consol. Traction Co. In Feb., 1902, 49.500 shares out of
50,000 had been so exchanged. See V. 62, p. 948. Pittsburgh Traction
owns the $250,000 capital stock of Bloomfleld St. Ry. and guarantees
the bonds.
Date. Interest. Outstanding. Last div., etc.
Stock
Bonds.—
Text.
See text.
Stock, $2,500,000 (par $50)
Text.
lBtmort.5s
0*1887 5 A.-O.
Oct. 1, 1927
$750,000
Guaranteed bonds
250,000 Aug. 1,1923
BloomfleldStreetRy.,lst) 1893 5F.-A.
cur
Interest at Pittsburgh Trust Co., trustee.
c* 5
/Stocfc— Issued 50,000 shares, on which $38 each has been paid.
Dividends—At company's ofllce, Pittsburgh. Dividends of 6 per cent
have been paid in 1895, 6 p. c; in 1896, none— see above. In 1898,
512 p. c; in 1899, 7 p. c; in 1900, 7 p. c; in 1901. 7 p. c; In 1902, 7 p. 0.
Road.— Owns 12*67 miles of track. Bloomfleld St. Ry. owns 3 miles.
&
—
;
(h) SUBURBAN RAPID TRANSIT ST. RY.
Organization— Was leased on Jan. 1, 1902, to Consolidated Traction
Co. lor 900 years at an annual rental of $56,000, as well aa paying all
charges, including interest and taxes.
Road — Operates 14^2 miles of track on 6 miles of street. Capital
stock auth., $800,000; paid in, $800,000. Funded debt, $200,000.
PITTSBUROHR Y.-A
McKEESPORT
trolley road.
NEL^LS VI-LLE
In Feb., 1903,
it
was
olfloially stated
that this
&
CON-
company and other
local lines and also all the light companies would pass to the control
of the West Penn. Railway
Lighting Co., a holding company, but details were not ready at that time. See V. 75, p. 343
Organization—Incorporated December 31, 1900, as a consolidation
of the Coiinellsville & Uniontown Ry. Co., MoKeesport Wilmerding
& Duquesne Ry. Co. and the McKeesport & Youghiogheny Street Ry.
&
At Duquesne, McKeesport and Wilmerding connection is made with
the Pittsburgh city lines. The company also owns and operates its
own coalmines, adjoining the power station. In Jan., 1902, it was reported that this comx>any had purchased the Connellsvllle Suburban St.
Ry. of 21a miles for $175,<iOO. Also in Feb., 1902, the Greensburg <fe
Southern Ry. and the Westmoreland Eleo. Co. Bonds listed on the
Pittsburgh Stock Exchange.
Stock
&
Bonds—
Stock, $3,500,000
1st con.mtge.$3,500,000
Date.
)
Cannot^
($1,000), gold.
Interest.
Maturity.
Outstand'g.
PITTSBURGH & ALLEGHENY VALLEY
RY.-A trolley road.
Incorporated in Pennsylvania as a consolidation In
Organization—
December, 19o2, of the Apollo Vandergrift & Leechburg Electric
Street Ry. and the Vandergrift & New Kensington Street Ry. Owns
entire capital stock of the Apollo Electric Light, Heat & Power Co.,
the Leechburg Electrie Light & Power Co., the New Kensington Electric Ljght. Heat & Power Co., the Parnassus Electric Light & Power
Co. and the Kiskiminetas Bridge Co. AH bonded and floating debt ol
those companies has been retired and the capital stock pledged as
collateral under the new first mortgage. Operates over private right
ol way except in towns. Population served Is about 40,000.
Stock
& Bonos—
Date,
interest.
Maturity.
Outstanding.
Stook, $1,500,000
1st mort, $1,100,000)
(?)
Jan. 15, 1933
1903 5 g. J-J »j
$250,000
($500&$l,o00)..o s Int. at The Public Trust Co., Pittsburgh, trus.
.Bont/s- Cannot be called belore maturity.
Road— Operates 20 miles of track connecting Apollo, Vandergrift,
Hyde Park and Leechburjr and Valley Camp, Arnold, New Kensington
and Parnassus. 70 lb. rail.
Officers— President, John Q. Cochrane, Pittsburgh; J. D Orr,
Leechburg, Secretary; J. J. Burire. Pittsburgh, Treas.—V. 75, p. 1400,
g.
FORT PITT TRACTION—See CoNSOL. Traction Co.
year and increasing $18,750 each year until $315,000
is guaranteed by Philadelphia Co.
73
$3,500,000
J-J
3,000,000 Jan. 1, 1931
Int. at Mercantile Trust Co. Pittsburgh,
1901
,
be called
) trustee.
Of the new $3,500,000 mtge., $500,000 are reserved lor improvements, betterments, &c. The mortgage is subject to prior liens ol
$231,500, to retire which sufflcierit bonds have been reserved and are
Included in the above total ol $3,000,000 reported outstanding. A
syndicate ol Pittsburg firms and institutions offered some ol the
bonds lor sale in Feb., 1901. See V. 72, p. 242.
Road— On Nov. 1, 1902, owned and operated 55 miles ol road, which,
together with the 35 miles under construction, wUl make one continuous system of 90 miles, operating from Duquesne (adjoining Pittsburgh) to MoKeesport, AVilmerding, Versailles, Buena Vista, Mt. Pleasant, Scottdale, ConnellsvUle, Leiseuring, Dunbar, Uniontown, and
Fairchance.
Officers—President, Wm. H. Graham; Treasurer, Geo. I. Whitney;
Secretary, M. K. Saulsbury.- V. 72, p. 242; V. 74, p. 207; V. 75, p. 343.
ST.
CLAIR INCLINE PLANE-A cable road.
Sept. 9, 1885. Road completed in 1889.
Stock, $150,000 f. p.; 1st mortgage, $1,000 each; 6s. M-N, $75,000,
due Nov. 7, 1909. Interest at T. Mellon & Sons' Bank. Dividends
—In January, 1893, 2^2 per cent. None since. Road is four-tenths of
a mile long.
EARNINQS-For year ending Deo. 31,1902, gross, $20,251. In 1901,
Organization—Chartered
gross, $16,223.
Officers— Pros, and Supt.,W. S.Hughes; Treasurer, R. B. Mellon;
Secretary. H. A. Phillips. Office, 514 Smithfleld St., Pittsburg.
PITTSFIELD, MASS.
PITTSFIELD ELECTRIC RAIL^VAYORQANIzation, Etc.— stock authorized and issued Feb 1903, $200,000; divs., 6%; bonds, $55,000; bonds are gold 5s (J-J), $30,000, maturing Jan. 1, 1904; $15,000 5s, due July 1, 1906, and $10,000 4=^b, due
Mar. 1. 1909; interest at Third National Bank, Pittsfleld, Mass. Owns
24 la miles of track. An extension to Hinsdale is nearing completion.
For year ending Sept. 30, 1902, gross, $111,196; net, $33,379; taxes
and interest, $10,794; dividends (6 p. 0. on $130,000), $7,800; insurance, $5,550; depreciation, $7,500; balance, surplus, $1,735. Pres.,
Joseph Tucker Treasurer, Charles E. Merrill; Sec'y, J. M. Stevenson.
-V. 73, p. 900; V. 74, p. 1253, 1309; V. 75, p. 78.
,
;
(1) HOOSAC VALLEY STREET RY.— TroUey road.
Organization- Chartered April 7, 1886. This road was purchased
in June, 1902, by a syndicate composed of stockholders of the PittsRy. and reorganized. Capital stock increased from
$100,000 to $400,000, to fund floating debt, &c. No consolidation Is
thought of at present.
Date. Interest. Outstand'g. Maturity, etc.
Stock, Bonds, Etc.—
Stock, $400,000, par $100
1902, 6 p. 0.
$200,000
J&J
July 1, 1917
100.000
1 Bt Mortgage
Mort^affft
1 Sq? 5 ^
ist
field Electric
•^'^^^Unt. atNewEngLTr. Co., trustee.
miles of track, and uses Pittsfleld fEleo. Ry. and
Ry. tracks in Pittsfleld, thus forming a 21-mile line from
Road.— Owns 19
Berkshire
St.
North Adams to Pittsfleld. Extension to WUliamstown, 6 miles, was
completed in 1896.
EARNINQS-For year ending Sept. 30, 1902, gross, $123,202; net,
$39,191; charges, $22,645; dividends (6 p. c), $12,000; sur., $4,446.
OFFICERS.— Pres.. F. 8. Richardson. North Adams; Vice-Pres., A. H.
Rice; Treas., Ezra D. Whitaker, North Adams.- V. 75, p. 77.
BERKSHIRE STREET RY.-A troUey road.
Organization— Incorporated in Massachusetts on June 20, 1901.
Franchises pernetual. N. W. Harris & Co. and Perry, Coffin <te Burr,
Boston, offered the bonds lor sale In Jan., 1903.
Date.
interest.
Outstand'g.
Maturity.
Stock
Bonds—
Stock, $800,000 ($100)
$800,000
mort., $800,000) 1902
l8t
5 g. J-D
500,000 June 1,1922
0* 5
gold ($1,000)
Girard Trust Co., Philadelphia, trustee.
Bond*. —Of the $300,000 authorized, $200,000 are reserved for extensions and additions and $100,000 to be issued when permission is
obtained from the Railroad Commissioners. Are not subject to oaU.
Interest is payable at office of N. W. Harris A Co., Boston.
Road -Operates from Pittsfleld through Cheshire to Great Barring-
&
ton, 42 miles; 70-lb. T rail.
Officers— President, R. D. Gillett; Vice-President, B. D. Rising;
Treasurer, Arthur W. Eaton; Clerk, FrankUn Weston.- V. 73, p. 1263;
V. 74, p. 726, 1088, 1307; V. 75, p. 792; V. 76, p. 47, 381.
PLAINFIELD, N. J.
ELIZABETH
PLAINFIELD
& CENTRAL
road.
JERSEY RY.-A trolley
Organization. -Chartered in November, 1900, as a consolidation
of the Plainflekl Street Ry., the Westfieldife Elizabeth Street Ry., the
Elizabeth City Horse RR., the Elizabeth St. Ry., the Rahway Electric
St. Ry. and the Woodbridge & Sewaren Electric St. Ry. Embraces aU
the lines operating in Elizabeth, Plaintteld, North Plainfleld, and in
the towns of Roselle, Cranlord, Westfleld, Clark, Rahway, Fanwood,
Woodbridge and the surrounding territory. Connection Is made at
Elizabeth with the North Jersey Street Ry. and at Plainfleld with the
Brunswick Traction Co. Ts controlled by the same interests as the
North Jersey 8t. Ry. and the Jersey City Hoboken & Paterson. In
March, 1901, the Fidelity Trust Co., Newark, and Redmond, Kerr <fe
Co., New York, negotiated the sale of $1,400,000 bonds.
Stock
&
Bonds—
Date.
Stock, $3,000,000
interest.
Outstanding.
$3,000,000
Maturity.
1st mtge. $2,500,000) 1900
Deo. 1, 1950
5 g. J-D
1,500,000
($1,000), gold, c*. No
Interest at FideUty Trust Co., Newark,
s.f & cannotbe called ) trustee.
S-
.
PITTSBURGH
BURG
RY—A troUeyM'KEESPORT & GREENSroad.
In Feb., 1903, it was officially stated that this company would be
consolidated with the Pittsburgh McKeesport & Connellsvllle By. See
same above.
Organization— A consolidation on June 28, 1901, of the Greensburg
& Hemptieitt Street Ry. and the Westmoreland St. By. All franchises
are perpetual and about two-thirds ol tlie road is over private right
ol way. Bonds listed on Pittsburgh Stock Exchange.
Date.
Outst<nid'g.
Maturity.
Interest.
Stook
Bonds—
Stock, $1,500,000
.
$1,000,000
1,150,000 July 1, 1931
5 g. J-J
1st Mtire $1 500 000 ^ ^^^^
« ^ lit- »* Harrisburg Trust Co Harrisburg.Trus.,
r«i
onm i^n^rt
goiQ
K9i.,wv)
«^ or at Manufacturers' Tr. Co., Providence, R. I.
.Bonds— The remaining $350,000 unissued bonds can only be issued
atpar under strict provisions and with the aiiproval ol the- trustee,
lor betterments and additions.
Road— Owns and operates 20 miles ol track In and around Greens
borgh. Pa., with 12 miles under coustruotlon; 70 to85-lb, T and 941b.
girder rail; owns in fee two pleasure parks —V. 73, p. 33; V. 75, p. 343.
)
1942
100,000
J&J
caU in 1904 5 Int. at FideUty Trust Co., Newark.
Bonds— Oi the total issue of 1st mtge. bonds, $620,000 is held for
future betterments or extensions and $100,000 to provide for Uke
PlainbeldSt.Ry. IstM.,
($1,000) c*
amount
of the Plainfleld St. Ry. Co. bonds.
operates 64 006 miles of track.
Officers— President, Thos. C. Barr; Vice-President, Thos. A. Nevlns;
Sec'y and Treas., Edwin
Hine; Gen. Manager, Jno. N. Akarman.
Executive office. Lawyers' Building, Newark, N. J.— V. 71, p. 1120,
1269, 1310; V. 72, p. 44, 580, 627; V. 73, p. 1312.
Road— Owns and
W
&
PLATTSBURGH,
.
•
,
PLATTSBURGH TRACTION
N. Y.
CO.-A
troUey road.
Organization, Etc.— Chartered May 27, 1896. Capital stock,
$100,000 (par $100). First mortgage 6 p. c. gold bonds of 1896, due
1926; int. J-J., at Continental Trust Co., N. Y., Trustee; authorized
$100,000, Issued $80,000. For year ending June 30, 1902, gross,
$18,871; net, $3,431; charges, $5,985; dettoit, .$2,554.
Road Owns 6^3 miles of track; raU, 50 lbs. Prest., E. N. Sanderson;
General Manager, Q. M. Cole.
—
STKEET RMLWAYS.
74
PORTLAND, ORE.
PLYMOUTH, MASS.
STREET RY-BROCKTON & PLYMOUTH
build a road from the terminus
ORQANIZATION-Chartered in 1899 to
of the Plymouth & Kingston, at Kingston, to Brockton via Whitman.
In 1900 was consolidated with the Plj-mouth & Kingston Street Ry.
and the Pembroke Street Ry. Franchise perpetual.
Maturity.
interest. Omstanding.
-Da'eStock & Bonds-
$295,000
Deo. 1, 1920
19f0 4i2g.J.-D.
235,000
< Int. at Old Colony Tr. Co.. Boston, Trustee.
Jan. 1, 1910
35,000
5 J. -J.
Plymouth & Kingstou,) 1890
let mortgage, $35,000, > Interest at International Trust Company,
Boston, Trustee.
0. $lC0-$500 ($1.000) )
153,880
Notes pay'le July 1,1902
Bo)ids-Ot the new $300,000 mortgage, $35,000 are reserved to
retire the Plymouth «fe Kingston Ry. bonds, and $30,000 for future
extensions and improvements.
Earnings— For 12 months endins June 30, 1902, gross, $93,229;
Stock, $295,000 ($100)
Ist mortgage, $300,000
c*
($1,000), gold
)
.
net, ^22,946; charges, $19,086; surplus, $3,860.
Road— In August, 1900, road was put in operation, extending from
Plymouth throueh Kingston, Pembroke and Hanson to Whitman, a
total of 24 miles of track. Operates 27 passenger and 2 other cars.
OFFICERS-President, James D. Thurber; Vice-President, Chas. I.
Henry B. Sawyer; Asst. Treas., C. E. Chase;
Clerk, Benj. H. Dibblee; Managers and Transfer Agents, Stone &
Webster, Boston.— V. 71, p. 1167; V. 72, p. 44.
Litchfield; Treasurer,
OHIO RIVER ELECTRIC RY. & IPOWER.-
A trolley road.
Organization
Stock
&
Incorporated in 1900. Owns all the capital stock
& Middleport Electric Co
Pomeroy
Bonds—
Date,
interest.
Outstand'g.
Maturity.
$19,147; charges, $16,618; surplus, $2,529.
Road— Owns and operates 1312 miles of road extending through
Middleport, Pomeroy, Syracuse and Racine, Ohio.
Officers— PTCsident, Percy M. Chandler; Vice-Pres. and Gen. Mgr.,
John Blair MacAfee; Secretary, J. Clark Moore; Treasurer. Jos. T.
Walmsley. General office, Harrison Building, Philadelphia, Pa.
PONCE, PORTO RICO.
IN 1899
WAS
PONCE ELECTRIC
—
Date, interest. Outstand'g. Maturity.
Bonds
Stock
$500,000
Stock, $500,000 ($100)
250,000 Aprill,1927
6 g, M-N
1st Mtge., 5 1902
trust
Coll.
<Int,atBo8.SafeDep.&Tr. Co., Boston, Trus.
$750,000, gold
Officers -President, John W. HoUowell; Treasurer, H. B. Sawyer;
Secretary, H. R. Hayes; Genl. Mars, and Transfer Agents, Stone
Webster, Boston, Mass.— V. 74, p. 2tJ8, 478.
&
PORT JERVIS, N. Y.
JERVIS- ELECTRIC LICHT, POV/ER,
PORT
GAS & RR. CO
consolidation in 1901, of the Port Jervis Elec-
Organization— Is a
tric Street Ry. Co the Port Jervis Light & Power Co., the Port Jervis Gas Co. and the Deer Paik Eectric Co.
Outstand'g.
interest.
Maturity.
Date,
Stock & Bonds—
$450,(00
Stock, $450.00i>. *100
1902 5 g. J.-J.
275,000 Jan. 1, 1932
let Mortg'e, $450,000 )
,
c* \ Int. at Knickerbocker Trust Co., N. Y., Trustee
($1,000) gold
£o?ids— Of the authorized issue of $450,000, $175,000 are reserved
for extensions and improvements at the rate of 85% of cost.
Road— Operates 412 miles of track, 165-Ib. T rail; 6 cars. Extensions are proposed. Supplies the city with light.
Officers— President, R. H. Beach; Treasurer and Gen'l Mgr., 0. B.
Horn, 26 Cortlandt St. N. Y. city.—V. 74, p. 380.
,
PORTLAND, ME.
PORTLAND
6M-S
Organization— Organized in 1902 as successor to the Portland
City & Oregon Ry.
Date.
interest.
Outstand'g.
Maturity.
Stock & Bonds—
RAILROAD.-TroUey.
Organization— Chartered March. 1863, under laws of Maine. ConCape Elizabeth Ry., Cape Elizabeth St. Ry., Portland
trols Portland
& Yannouth Electric Railway and Westbrook Windham & Naples.
<fe
Practically all of the capital stock of those companies together with
the entire issue <$35<',000) of flist mortgage bonds of the Portland &
Yarmouth Electric Ry , has been pledged as security for the consoli
dated moitgage bonds of the Portland RR.
Miles. Date, interest. Outst'ng. Maturity.
Bonds—
Stock
6 F.-A. $1,999,592 See text.
8tk.auth.$2,000.000, $100 ....
Port.RR.lstM.$500,000glGis 1893 4i2g.M-N 500,000, May 1, '13
1H95 5 g. M-N 400,000 Nov. 1, '15
Portl. & Cape Kliza. l8t> ..
M. $400,000 c- ($1,000) S Int. at American L.<feTr.Co..Bo8ton. trustee.
Port. RR. let con ,$3,000,000 > 1901 Si-jg J J $1,100,000 July 1,' 51
c" Hnt. pay 'leat Port. Tr. Co., Port.,TruBtee
($1 ,01/0 & $.000) gold
Bonds- Ot the authorized issue of $3,000,000 consols, $1,000,000
are reserved to retire $900,000 prior liens and $900,000 are held for
extensions Bonds ran be ralien at par on any interest date after July
1, 1931. Portland RR. Co. guarantees the interest on the $400,000
bonds of the Portland & Cape Elizabeth Ry., but not the principal.
Dividerids—Jn year 1892-93, 4 per cent; in 1894, Aug., 3 p. c; In
1895, 6 p. c; in 1896, 6 p. c; in 1897, 6 p. c; in 1898, 6 p. c; in 1899,
6 p. c; In 1900, 5 p c; 1901, 6 p. c 1902, 3 p. 0.
Road— Operates over 90 mtlesof track, IncludinK a line from Portland to Yarmouth, a line from Portland to Cape Elizabeth and an extension to Saco (completed May, 1902). Extension to Old Orchard
Beach under construction.
Annual Report— For the years ending Juno 30 as below, not including the Portland & Yarmouth Electric Ry.:
1901.
1902.
1902.
1901.
$8,954
Gross earns... $605, 802 $477,598 Taxes
137.695 Dividends
$59,898 59,856
Net earnings. 231,673
* 1 54,340
50,722 Surplus for year. . 17,435 18, 1 63
Interest
&
;
I
$2,000,000'
Stock, $2,000,000 ($100)
Ore. 1 St M.,j
Port. City
&
I
F-A
400,000 Feb. 15, 1921
at North Am. Tr. Co., N. Y., Trustee.
1901
Int.
6
g.
&By.«Mt«e.,^ 1902
6 g. J-J
1,000,000
See text
$5,000,000 g.($l,COO)C* Int. at Land Title & Trust Co., Phila., Trustee.
Bonds— O! the new mortgage for $5,000,000. $1,000,000 are reserved
for underlying liens. Bonds are subject to call afier 1912 at 105. A
si7iklng fund on these bonds of 25 per cent of net earnings, after
deduction of Interest and taxes, commences after 1905. The Portlaod
City & Oregon bonds can be called after Feb. 15, 1911, at par and
accrued interest, upon 60 days' notice. Sinking fund ot $5,000 per
annum on these bonds for the first four years and $10,000 thereafter
becomes operative on Feb. 15, 1907.
Road— Operates 26 miles of road on the east side of the river. Including the line above Oregon City (Falls of Willamette River) to Canemah,
and branches to Mount Tabor ana to Mount Scott. Extensions or 40
miles are under construction, which are expected to be oompleted on
Ore.W.
P.
It
May
27,952.
CO.— Incorporated in New Jersey
in 1902 to build an electric railway in Ponce and from Ponce to Port
Ponce, a total of 4 miles. Franchise expires in 1961.
&
in 1891
&
$50O,OO0($l,0CO) g *c
$300,000
July 1, 1924
1900 5 g. J-J
315,000
)
5 Int. at Un. Surety & Guar. Co.,Phila.,Trus.
Earnings— For year endingfDec. 31. 1902: Gross, $42,528; net,
Stock, $300,000 ($25)
let mtge., $315,000, gold,
($100, $500, $1,000) ..c*
POPULATION
RY.-Trolley
road.
as successor to the Willamette Bridge Ry. and Trans-continental Street Ry. In AprU, 1899,
acquired all the stock of the Portland & Fairview at 20 cents on the
dollar. On Oct. 17, 1900, purchased the Second Street Railway, of 3"8
miles, (previously leased) from the Metropolitan RR. for $130,000. In
Jan., 1903, franchises were extended to Dec. 31, 1932.
Date,
interest. Ontstandg.
Maturity.
Bonds—
Stock
A-O $1,250,000 Oct.,'02,2i^
St'k, auth. $2,500,000 ($100)
Willamette Bridge Ry., l8t< 1889
100,000 Sept.1,1919
mortgage, $1,000 each
i Int at Am. Loan & Tr., Boston, Trustee.
(31ty & Sub. consol. M., not j 1891 6g.M-8
97,000 Sept.1,1916
subj. to call, $1,000 each.ff. I Int.at Sec. Sav.& Tr.Co.. Portland.Trus.
1.100,000 June 1,1930
Citv & Sub.,new mort.,$3,-(1900 4 J-J
O00,000($l,000)sub. to call ^ Interest at Security Sav'gs & Trust Co.,
at par aft. June 1, '15..c*g. ( Portland, Trustee.
Bonds.—The new mortgage for $3,000,000 was given for the purpose
of retiring all outstanding 6s, and for extensions.
DividtJids— In 1901, 4 per cent. In 1902, 4 ^s per cent.
Road.— Operates 64 miles of ti'aok, including thirteen different lines,
of which eleven start from the corner of Third and Yamhill streets.
Runs to Mt. Tabor and St. Johns. Rails P5-lb. grooved and 8 6-lb. T;
116 electiio cars. An extension of 5 miles is io progress.
Officers.— President, T. Woodward; Vice-President, W. H. Corbett;
Sec'y and Manager, C. F. Swigert; Treasurer, M. E. Swigert.
Index— V. 62, p. 86; v. 71, p. IO66, II2O; v. 75, p. 497.
Organization— Incorporated
OREOON WATER POVv^ER & RY.-AtroUeyroad.
POMEROY, OHIO.
($50,000) of the
CITY & SUBURBAN
1,
1903.
Officers— President, W. H. Hurlburt; Vice-Pres.. J. Frank Watson;
Secretary. W. T. Muir; Treasurer, A. B. Croasman.— V. 69, p. 283; V.
71, p. 1012, 1269.
PORTLAND RAILW^AY-An
Organization— A reorganization
in
electric road.
1896 of the Consolidated Street
By., sold in foreclosure Jan. 8, 1896. On March 1, 1900, consolidated
with the Portland Traction, the latter company deeding its property
Railway Co. No additional stock and bonds were issued for
V. 70, p. 946. The Portland Traction, whUe it thus no
longer owns any track or equipment, stUl maintains its organization,
owns the controlling interest in the stock of the
company
and as a
to the
this purpose.
Portland Railway. Company was granted a new blanket franchise on
Nov. 26, 1902, for 25 years iu exchange for all of its old franchises.
The new franchise grants option of muoioipai ownership at expiSee V. 75,
ration.
Stock
&
p.
1355.
Bonds.—
Date,
interest. Outstanding.
8tock,com., $700,000, $100
Pref., 5 p.c, non cum.
Last
Div., etc.
$700,000
100,000'
5 J-J
$100,000
Mult'mahSt.Ry. 1st M.g.) 1890 6k. J-D
148,000
June 1,1910
0* S Int. at Am. Tr. & Sav. Bank, Chicago, trus.
Gold
Port. cV Vancouver Ry..c* 1889 6
100,000
Port. Ry. 1st con.M.,g. 0* ) 1896 5g. J-J
552,000 Jan. 1, 1916
8ubj.tocaIlJan.l,1906.. i Interest at Mercantile Trust. N. Y.. trustee.
Portland Railway first consol. mortgage is for $2,500,000 ($250, $500
and $1,000) of which bonds for $248,000 are reserved to take up at
maturity the Multnomah and the Port. & Vancouver bonds, $497,000
Issued in reorganization, $55,000 for betterment, balance authorized as
required at $20,000 per mile for new road. Consols have a sinking fund
Of 5 p. c. per annum, beginning Jan. 1, 1906, and are redeemable at
The mileage covered by present mortgage
par and accrued intere.st.
debt is 25 miles. The Portland Ry. is not responsible .for interest on
the Metropolitan Ry. Ist mortgage 6s, of which $145,000 are outstand.
Ing but were not included in the reorganization.
Road— Owns 29 miles of electric and 2 miles of cable; total, 31
miles 3 ft. 6 in. gauge; laid with 40 and 45 lb. T and 38, 83 and 91 -lb.
girder rails; operates 60 electric motors, 12 trail cars, 16 grip cable
cars and 6 other cars; total, 94 cars. Power is furnished by the
Portland General Electric Co.
Officers— President, O. F. Paxton; Vice-President, W. H. Crocker;
Secretary, Frank L. Brown, 8 & 10 Pine St San Francisco Treasurer,
Gen. Man., F. I. Fuller
Auditor, J. F. Batohelder.
J. O. Ainsworth
Directors— D. O. Mills, New York; Wm. H. Crocker, San Francisco; J.C.
Ainsworth, O. F. Paxton and F. I. Fuller, Portland, Ore.~V. 70,p. 946;
:
;
,
;
;
V.75p. 497, 1355.
PORTSMOUTH,
N. H.
KITTERY & YORK STREET
road.
RPORTSMOUTH
Y .—A
Oulslanding.
trolley
&
Date.
interest.
Maturity.
Bonds—
Stock, $230,000 ($100)
$221,400 1902,212%.
1897
6g. M.-S,
200,000
Ist M.. .$200,000. gold )
1917.
Int. at Waterv. Tr. Co.. Waterville, Me, Trustee
($500 and $1 ,00u).
Notes payable June 30, 1902, $44,300.
Stock
. .
Earnings— For
fiscal
<,
years ending June 30
Net
Fixed charaes.
Dividends.
Balance.
$IH.459
$5..'S3l
8ur. $6,585
13,862
... 76,797
13,252 def.
52
Road— Operates 15-65 miles of track connecting the points named
Also owns ferry to Portsmouth; 1 ferryboat and
In the title; 14 oars
1 steamboat.
Diviatnau-ln 1901, 6 p. c; In 1902. 2>9 p. c.
Officers— Prosiaent, E. Burton Hart Jr., New York; Vice-President,
Theo. L. Peters, New York; Treasurer, W. G. Meloon, Klttery, Me.
1902
1901
..
Gross.
$><0,5H7
$25,575
27,062
|
|
Includes taxes and park expenses.
Officers— President, Wm. R. wood; Secretary, Treasurer and Pur-
*
chasing Agent, E. A.
73, p. 139.
Newman.
Office.
Portland, Me.
V. 68, p. 381; V.
POTTSVlLiLiE PA.
UNION TRACTION.-A
POTTSVILLE
road.
troUey
Organization- On May 15,1899, the Pottsvllle Union Traction was
incorporated at Hairisburg (charter perpetual) for the purpose of
consolidating the following lines, which are operated by virtue of
STEEET RAILWAYS.
control of stocks and of leaseholds
:
Sohuylklll El. Ry. Co., Pottsvllle
<fe
Taiuaqua & Pottsvllle Electric RR., Schuylkill
Haven & Orwigsbura: St Ry., Coal Castle Electric Ry.. People's Ry.
Company of Pottsvllle, and the Port Carbon & Middleport Electric Ry.,
comprising the electric railways of Pottsvilie, Yorkville, Minersville,
Palo Alto, Belmont Cumbola, Mount ('arl>on. Port Carbon, Saint
Clair, New Philadelphia, Middleport. Schuylkill Haven, Adamsdale,
Orwlgsburg, Coal Castle, Glen Carbon, Tumbling Run.
Reading Ry.
Stock
&
Co.,
Bonds—
Date.
interest.
Outstand'g.
Maturity.
Stock, $50,
full paid
IstM., $1,250,000 gold.
$1,250,000
5 g.M-S
1,129,000 Sept. 1,1929
J 1899
c*
$500 and $1,000... I Int. at Real Estate Trust Co., Phila., trustee.
Bonds— Ot tiie $1,129,' 00 Issued, $394,000 have been deposited
•with the trustees for the piupose of retiring all outstanding bonds of
the above leased companies; the $121,00' bonds unissued is reserved
for acquiring additional mileage and necessary equipment for same.
Earnings— For calendar year 1902, gross, $161,648; net, $51,911.
In 1901, gross, $173, '.ilO; net, $79,444.
Road— Owns and operates 45 3-10 miles of track; standard gauge,
60-lb. T and 9olb. girder rails; operates 45 motor and 7 trail cars.
Officers— President. Clarence P. King; Vice-Pres., Thos. B. Proseer; Secretary, William C. Pollock, Jr.; Treasurer, Jos. B. Hoellman;
Supt., D. J. Duncan. General office, Pottsvilie; President's office
Room ] 309, Real Estate Trust Building, Philadelphia.— V. 69, p. 441.
SCHUYLKILL ELECTRIC RY.— A troUey
(1)
road.
Organization- Chartered on Oct. 4, 1889, for 99 years and leased
to the Pottsvilie Union Traction Co.; franchises perpetual.
Date.
Interest. Outstanding. Maturity.
Stock & Bonds—
Stock, $650,000 ($50)
Ist mortgage, gola.c*) 1895
$500,000($500&$1,000
Int.
5
$650,000
6 g.F-A
500,000 Feb. 1, 1925
at Real Estate Trust Co., Phila., trust.
POTTS yiLLE & READING RAILWAY.— A troUey road.
(2)
Organization- Chartered on May 5, 1892, for 999 years, and Is
leased to the Pottsvilie Union Traction Co.
Date,
interest. Outstand'g.
Maturity.
Stock & Bonds—
Stock, $100,000 ($50 par)
$56,600
1st M. gold. 0* $100,000 ) 1895
100,000
Feb. 1, 1925
6g.
($1,000)
JInt. at Real Est. Tr.Co., Philadelphia, Trus.
FA
(3)
TAMAQUA & POTTSVILLE ELECTRIC RY.—A troUey road.
Organization— Chartered on May 5, 1892, for 999 years, and Is
leased to the Pottsvilie Union Traction Co. Franchises 999 years.
Date,
interest.
Outstand'g.
Maturity.
Stock & Bonds—
Stock, $60,000 ($50)
M
$60,000
60,000 Jan. 15. 1925
6 J-J
000 ($500,
(<R=iOO ( 1895
$l!o6o) c*'.. ..... :' ^( I°i-- ^P Columbia Ave. Sav.Fd. T. & Tr. Co.,
Philadelphia, Trustee.
iBt
(4)
'^o'io
SCHUYLKILL HAVEN & ORWIGSBURG STREET
RY.-
trolley road.
Is
Organization—Chartered on March 4, 1898, for 999 years and
leased to Pottsvllle Union Traction Co. Franchises perpetual.
Date,
interest.
Outstand'g.
Mattirity.
Stock db Bonds—
Stock, $60,000 ($50)
Ist ai. ;^t)U,uuu
xsr
$60 000 '$1
000> o*
>!t.J.,ooo).o
M
.
\
^
(5)
$30,000
60,000
M
N
1898
5
j^^ ^^ j^^^^ j-g^
.j,^
^^^
May 1,
1928
Phila., Trustee.
Organization— Chartered on March 10, 1899, for 99 years, and
leased to Pottsvilie Union Traction Co.
Stock
Date, interest. Outstanding, Maturity.
Bonds—
Stock, $30,000 ($50)
....
$15,000
_._._...
5 J-D
30,000 June 1, 1929
Ist M. $30,C0O ($1,000). 0' 5 1899
( Int. at Real Est. Tr. Co., PhUa., Trustee.
(6) PEOPLE'S RAILWAY— A troUey road.
Organization -Leased to Pottsvlle Union Traction Co.
&
.
(7) PORT CARBON & MIDDLEPORT ELECTRIC RAILWAY COMPANY.— A troUey road.
Organization -Chartered July 5,1598, for 999 years. Leased to
the Pottsvilie Union Traction Company. Stock authorized, $100,000;
$50 per share; outstanding, $93,000. No bonded indebtedness. Road
extends from Port Carbon to Belmont, Cumbola, New Philadelphia and
Middleport; a total of 6 mUes of road.
POUGHKEEPSIE,
POUGHKEEPSIE CITY & ^WAPPINGERS
FAJLLS ELECTRIC RAIL^WAY-a trolley road.
Organization.— Chartered March 22, 1894.
Miles. Date, interest.
Stock & Bonds—
Outstand'g. Maturity.
8t'k,$750,000,par$100
$750,000 f.p
l8tM.gold$l,00Os. f. 5
20 1894 5 g. J-J 404,000 July 1,1924
no opt , $500,000.0*. \ Trustee, Cent. Trust Co., N. Y. Int.inN.Y.Clty.
Bonds-The bonds are limited to $25,000 per mile of completed
trolley road. $10,000 of this being issuable when track is laid and remaining $15,000 when equipped with troUey. No bonds can be issued
in excess of $500,000 " until the stockholders of this company shaU
consent to such excess in the manner provided by the laws of the State
of New YorK." Sinking fund, beginning Jan. 1, 1897. equal to 1 per
cent of the "bonds Issued hereunder"; bonds purchased at not exceeding 110.
Road— Owns 15*60 mUes of road; second track, 1"14 mUes; sidings,
•59 miles; total, 1733 miles of track. 25 cars.
Earnings- Year ending June 30, 1902; gross, $93,740; net, $37,703;
charges, $22,116; surplus. $15,587.
OFFICERS-President, J. W. Hinklev, 489-493 Main St., Poughkeepsle,
N. Y.; Secretary and Treasurer, J W. Hlnkley Jr., Poughkeepsle.
PROVIDENCE, R.
RHODE ISLAND
SECURITIES COMPANYIncorporatedin
I.
.
N^ew Jersey in June, 1902. forthe purOrganization—
pose of uniiing under a single management the street railway, gas and
electric-light properties of Providence and vicinity. The Rhone Island
Securities Company owns all the stock ($2,000,000 f.p. $100/ of the
"Rhode Island Co." (V. 74, p. h84), a corporation created in 1902 by
special Act of the Rhode Island Legislature.
Leases f.r 999 years
have been made by the Onion Railroan Co., the Pawtucket St. Ry. Co.,
and the Rhode Island Suburban Ry. Co., to The Rhode Island Co., for
rentals of such amounts that the United Traction & Electric Co., the
owner of the shares of the three leasing companies, is enabled to pay
its Interest on its bonds and dividends of 5 per cent on Its stock.
The
United Gas Improvement Co. of Philadelphia, promoted the undertaking and i^iarantees these rentals tintil $4 000,000 shall have been
expended tor extensions and new property. Stockholders of the
Traction Co. on Aug. 1, 1902, received 25 shares of Rhode Island
Securities stock for every lOu shares of Traction stock held. The
Rhode Island Co has no bonds.
AmouniK nuthoriz'd—
Date, Interest. Outstanding. Maturity,
Stock, $20,000,000 ($100)
$12,000,000
1932
4
3,500.000
^°s^n'y?unA?of?^i'r??(l902
^Z^&t^ll'^?:^'.'!:}
1902
5
None.
—
PROVIDENCE -PA'WTUCKET-RHODE
AND SUBURBAN
1932
RY.— U>iITED
ISL-
TRACTION & ELEC.
The Union RR. Co., the Pawtucket St. Ry. Co. and the Rhode Island
Suburban Ry. Co. have been leased for 999 years from July 1, 1902,
to the Rhode Island Co. for an amount of rental permitting the United
Trac. <k Electric, the owner of th^ shares of the three leasing companies, to pay its yearly tlxed charges and dividends of 5 per cent on
its stock. The rental is guaranteed in the way mentioned above by
The United Gas Improvement Co.
Organization - United Traction <£ Electric Company, chartered in
New Jersey, owns the Union Railroad Company of Providence, the
Pawtucket Street Railway Company and the Rhode Island Suburban
Railway Company, ard thus controls the entire street railway systems of the cities of Providence, Pawtucket and Central Falls, and of
the counties of Kent, Washington. Bristol and Proxidence, serviug a
population of not less than 350,000.
Stock
Bonds—
&
Date,
Outstanding. Div.,Mat.,
interest.
Etc,
Q-J
$8,000,000 Jan., 1903, 134%
M.
^^^S
8.
8,702,000 Mar. 1, 1933
g.
"prov ^.t 'Paw^'is^ne^ ^"'«''««' 5payable
at Central Tr., N. Y., Trustee.
Ist (colL) M. $l',(>007g )
Dividends— In July, 1897, the corapany began paying quarterly
dividenns at the rate of 2 p. o. per annum. This was graduaUy increased to 1 p. c. quarterly Jan., 1899, which rate was continued until
Oct. 1, 1902, when 1^4 p. c. was paid. In Jan.. 1903, 1 »4 p.c. was paid.
Bond*-Tota.[ issue limited to $9,000,000, of which $8,000,000 were
originally Issued to purchase and equip the properties. By the terms
of the mortgage the additional million was reserved to pay for new
track, which must be laid within 18 miles of the City Hall of Providence, R. I., for which bonds can only be issued at cost, but not exceedStock
ing $12,000 per nule of such new track including equipment; $702,000
of bonds bad been issued up to Jan. 1, 1902.
Securities Pledged.—The bonds are secured by the pledge of the
following securities deposited with the Central Trust Company of
New York as trustee of the bondholder.^: all o( the $9,000,000 CApital
stock of the Union RR. of Providence, aU ot the $500,000 capital stock
of the Pawtucket Street Ry. (no bonds) and aU of the $3,000,000 first
mortgage bonds of the Union RR. of Providence, and, through the
ownership of the Union Railroad Co., $299,800 of the $300,000 capital
stock, being all but two shares, of the Providence Cable Tramway Co,
(no bonds). The Providence Cable Tramway Co. is leased to the Union
RaUroad Co. for 50 years for 6 per cent on its capital stock.
its
Treasury Securities— The United Traction & Electric Co. has
treasury the entire capital stock ($5,000,000) of the Rhode Island
m
Suburban RaUway Company.
Road.— AU the above-described
roads, 270 miles, are
now operated
electricity.
Strike.
-
In June, 1902, company suffered from a strike of
its
em-
ployes.
Yearly Earnings— Fiscal year ends
Dec. 31.
Tears end. Dec. 31
Earnings have been:
Gross.
Net.
$1,634.614 46
1,723,47468
1,731,474 51
1,774,199 63
$612,938 18
1896
653,338 71
760,112 22
1897
1898
750.186 38
1899
2,019.00900
861,737 84
826.836 00
1900
2,382,257 54
1901
2 702,3-3 12
886,026 47
Net is the result after deducting taxes, repairs, damages, etc.
Officers President, Benjamin A. Jackson; Vice-President, George
Blagden, N. Y.; Treasurer and Secretary, Cornelius S. Sweetland of
Providence.- V. 65, p 464: V. 68, p. 525, 1027; V.70,p. 176,177; V.
74, p. 578. 1198, 1357; V. 75, p. 78.
1895..
—
(1) R.
Y.
N.
Bonds.— The bonds and stock above reported outstanding were Issued
against the lease of the United Traction Co. The remaining stock and
bonds can be issued only upon acquiring, by lease or otherwise, the
gas and electric light properties —V. 74. p. .578, 884, 1090, 1140.
Officers of Rhode island Company Hresidetit. Mar^den J. Perry,
Providence; Vice-Pres'ts, iSamnel P. Colt, Providence; Randal Morgan
and Walton Clark, both of Philadelphia; Sec. and Treas., Lewis LUlie,
Philadelphia; Ass't Treas., Cyril A. Babcock, Providence; Ass't Sec.
and Comp., Walter R. Elliott, Providence; Genl Mgr., Albert T. Potter, Pro> idence.— V. 74, p. 1356; V. 75, p. 78.
by
COAL CASTLE ELECTRIC RY.—A trolley road.
76
L SUBURBAN RY.—A troUey
road
Organization— CJhartered June 2, '99,by the Legislature of the State
of Rhode Island with power to construct.purchase, lease or operate trolley roads in any part of the State except Newport Co. By the terms of
its charter It is vested with the power of eminent domain, and the right
to transport passengers, freight, express matter and United States
maU in any territory where it is authorizett to do business.
Date,
Interest. Outstand'g.
Maturity.
Stock & Bonds—
Stock, $5,000,000
$5,000,000
Jan. 1, 1950
4,617,000
1st
s ($1 000) " ffuar- < ^^^^ * ^- ^-^T^' ^'f'
«k nnn nnrf. . c<>* S Union Trust Co.. Providence. Trustee.
<tt 1.
*a.ooo.ooo
p.
jjj^ g^j Qjg^jg Q J ^jjg gy f.^^ Providence.
^
The United Traction
Electric Co. owns the entire capital stock,
and guarantees the bonds, principal and interest
Bonds.— Future issues are to be on property actually acquired to an
amo'int not exceeding cost, there being reserved in the hands of the
trustee $318.< 00 to take up and retire $247,200 5 p. o. gold first
mortgage bonds of the Pawtuxet VaUey Electric Street Railway
Company and $70,000 6 p. o. gold first mortgage bonds of the Cumberland Street Railway Company, the former issue being guaranElectric Comteed, principal and interest, by the United Traction
pany, which guarantees the payment of the Interest on the Cumberland bonds.
Securities Pledged—The bonds are pecured by a mortgage on all
the property owned or hereafter acquired by it, and by pledge of the
following securities: 700 shares ot the Cumberland Street Ry. Co.;
3.985 shares of the Pawtuxet VaUey Electric Street Ry. Co.; and 5,000
shares of the Barrington Warren & Bristol Street Ry. Co.
Road— Owns and operates what was formerly the Oakland Beach
branch of the N. Y. N. H. & H. RR., about 11 miles in length, and has
converted it into an electric road, and has, includins; the several divisions built in the highways, a total of 71 miles of track.
m
.
.
&
&
PROVIDENCE & DANIELSON RY-
CO--A
trolley road.
Organization.- Incorporated
&
in
Rhode island on April
29, 1898.
Maturity.
---$800,000
Stock.$S00,000, $100
t-00,000
May
5g.,MN
1,1931
'901
1st M., $600,000,/
gold ($1 ,000)
Int. at Industrial Trust Co., Providence, Trustee.
s
to
call.
subject
Bonds.— ^o sinking fima, and are not
Ro*D.- Operates a lino Irom Providence, R. I., to East KlUingly,
Conn., where connection is made with the cars ot the Worcester &
Connecticut Eastern Ry. to Daulelson, Conn., 30 mUes.
Officers —President, James IL Morris; Vice-Prest., D. F. Sherman;
Secretary, Franklin A. Smith Jr.; Treasurer, Geo. W. Prentice; Superintendent, J. E. Thieleen.
Stock
Bonds—
.
.
Date.
interest.
Outyland'g.
7R
Map
of
VIRGINIA PASSENGER &
STKEET RAILWAYS.
See opposite page for General
POWER
CO.
PROPERTIES.
STREET RAILWAYS.
77
MAP SHOWING
TIIE
LINES
OF THE
VIRGINIA PASSENGER
See opposite page for Detailed
Map
of the Cities of
RICHMOND
and
& POWER CO.
MANCHESTER.
STREET RAILWAYS.
78
PROVIDENCE & FALL RIVER STREET
R Y.—A
trolley road.
Organization.— Incorporated in March, 1901, under the laws of the
State ot Massaohueetts. Population served, 350,000.
Maturity.
Date. I^Uerest. Oulstand'g.
Stock and Bonds—
$165,000
Stock, $165,000
July 1,1921
165,000
1901 5g.J-J.
Ist mortgage , $200,OCO?,Int. at Industrial Tr. Co., Providence, trusd
c*^^ tee, or Eliot National Bank, Boston, Mass
u^^
($1,000, gold
Earnings— For 15 months endinir Sept. 30, 1902; gross, $53,093;
net, $15,149; charges, $13,567; surplus, $1,582.
Road.— Operates about 12^2 miles of track between Providence, R. I.
and Fall River, Mass., with extensions to Pawtucket and to Warren,
B. I.
Officers-- President, John J. Whipple; Vioe-Pres., W. H. Trumbull;
Treas. and Clerk, Geo. A. Butman, 8 Congress St., Boston, Mass.— V.
•
73,;.p.
33, 616.
Southside Ry.ii Development Co., operating 14 miles of railway In
Petersburg and suburbs; also furnishing all the electric light and
power
in the city.
Virginia Electrical Ry. <£ Deve'opment (7o., owning the water rights on
the James River at Richmond and Manchester, where water power of
15,000 H. P. is being developed, which will supply power for the street
railways and for manufacturing purposes.
Upper Avpomatox yavigaiion Co., owning water rights, lands and
navigation canal for 50 mile on the Appomatox River above Petersburg and is engaged in the development of 20,000 H. P. from fall
of water In that river.
Mechanicsvile Turnpike Oo., operating a toll road running from the
city of Richmond into the county of Henrico, 5^ miles. Yields a divi;
dend on capital stock.
Brook Turnpike Co., operating a
toll road running from city of Richinto the county of Henrico, 6 miles, through a thickly settled
district. Yields a dividend on capital stock.
Riefimond (6 Petersburg E'tcirie liy., opertitiDg an interurban Itneof
22 dies, connecting the three cities of Richmond, Manchester and
mond
I
PUEBLO, COL.
PUEBLO & SUBURBAN TRACTION
X-iIG H.T1NG— A
trolley road.
&
a
Organization -Incorporated ia Coloraio on Nov.
consolidation of the Pitie's Peak Power Co. (a water power plant) of
Lighting Co. V. 75, p. 1203, 1355.
Victor and the Pueblo Traction
Owns all the street railway, electric lighting and electric power interests In Pueblo and vicinity. Railway franchises expire in 1940
and 1942 and electric light franchise in 1924.
Date, interest. Outstand'g.
Maturity.
Bonds—
Stock
20, 19fi2. as
&
&
8fck$3.500,000(par$100)
Pueblo Traotion& LightLug
Petersburg.
The Virginia Passenger & Power also owns and operates 38 miles
of railway in the suburbs of Richmond and in Manchester and suburbs
addition to the systems above enumeTat>-d.
Date, interest. Outstanding.
Maturity
Stock
Bonds—
Stock, pref., 6 per cent,
(.r.^.
«.
-.^f,
*i,ooo,ouu
non c, $5,0110,000.. s
Stock,com.. $10,000,000.
.10,000.000
Ist con. M.. $15,000,000)
1902 5 g. J-J
7,180,000 July 1, 1952
gol d $1 ,000)
Int. at Merchants' Tr. Co. , N. Y. Trustee.
Q'S
m
&
,
(
Underlying bonds, fob which consolidated bonds are reserved.
$3,500,000
Julyl,1949
1,000,000
1899 5g.M-S
1,100,000 Jan. 1, 1921 ®''r«^f^t*'M^^otd°*7"^ ^^^- ^^ Merchants' Trust Co., N. Y., trustee.
000,000 ($1()00) .0* 3
mtge., $1,500,000, < Int. at International Trust Co., Denver.
Ist
Va. Elec. Ry. cfeDev.'co. ?
-.qqq
gold ($1,000)
c* (trustee, or at Morton Trast Co., N. Y.
«i
=;no ooo jan.i.iazy
Tan i iq2Q
$i.D0O,uuo
^^^^
1st M, $1,500,000 .. i
Pueblo & Suburban Istt 1902 5 g.
$1,600 000 Jan. 1, 1922
5 g. J&J
3,000.000 Jan. 1, 1925
mtge., $3,500,000 gold< Int. at International Trust Co.. Denver, Rich. P. & P. consol. mtg. ) 1900
bonds, g ($1,000) c' > Interest at Merchants' Tr. Co., New York,
c*f trustee, or at Morton Trust Co.. N. Y.
($1,000)
$3,000,000
> Trustee.
Bondt.—Ot the new mortgage for $3,500,000. $1,250,000 are reserved Rich.
P. & P. debenture) 1900
5 g. J&J
1,000,000 July 1, 1910
to retire the $1,100,000 bonds of the PaeDlo Traction & Lighting Co.
mort.
bonds,
g, $1,000,- > Int. at Atlantic Tr. Co., New York, Trustee.
and $650,000 for future betterments. Entire issue is subject to call
l>e
May
called
any
time
at 1 02 and acor'd int.
000 ($1 ,000)
)
after Dec. 1, 1908, at 104 aud interest. A. nxukiii i fund comuieuces
1895
5 g. J500,000 Nov 1. 1925
(
Rich
Traction
lat
mort
which
must
retire
fund
1
at
least
')ond'i
per
annum,
said
In 909,
$50,000
Trustee, Maryland Trust Co. Bait imore.
\
«^rtn
nnrt
^
^«i
n^nw,*
in
the
bonds
in
($1,000).
be
Invested
open
market
not
higher
than
to
at
104;
$500,000, g.
c I Subject to oaU 105 after July 1. 1900.
otherwise bonds can be called for the purpose.
Bonds— Ot the $15,000,000 mort., $7,150,000 are reserved for underissue
of
Pueblo
Traction
Lighting
may
Entire
&
1st
mort.
bonds
be
E
lying bonds of the various companies. The Ist con. mortgage bonds
called after Jan. 1, 1906, at 104 and Interest. A sinlcitig fund of can be called on any Interest date
at 110 and interest upon three
$10,000 annually on these bonds commences in 1906 and may be mouths' notice.
used to call bonds after January, 1906, at 104 and interest.
Road—Tl*e consolidation embraces about 118 miles of track. The
Owns 26 miles of track, all in city of Pueblo. Extensions of 12 company
owns real estate in the three cities. Including park propermiles in Pueblo proposed.
ties valued at $1,000,000.
12
For
months
ending
S Earnings.—
Oct. 31, 1902, were: Gross. $410,Officers— President, Fritz Sitterding, Richmond; 1st Vice-Pres.,
991; net, $i 13. 690; interest on bonds (including the $1,600,000 new Frank Jay Gould, New York; 2d Vice- res., Aug. Wright, Petersburg;
balance,
surplus,
Issue), $135,000;
$78,690.
8eo and Treas.. Guy Phillips, New York; Ass't Sec and Treas., Wm.
Officers— President, M. D. Thatcher; Vice-President, Warren Northrop. Richmond. General Office, Richmond, Va. New York olllce,
Woods; Treasurer, H. E. Woods; Secretary, F. M. Woods; General 195 Broadway.— V. 74, p. 885, 1357; V 75, p. 186, 908; V. 76, p.
Manager, John F. Vail.— V. 75, p. 1203, 1355.
49, 104.
^
f
1901
5
g.
J-J
AO
,
Road—
QUINCY,
1*
ILL.
RY- & CARRYING
QUINCY HORSE
—
Stock
&
Date.
Bonds
Outstanding.
interest.
CO.-
Maturity.
$600,000
140,000
Stock, par $100
1890
5 A-O
Oct. 1, 1910
Trust's, E. J. Parker, J. F. Carrott, Quincy, 111.
5g. A-O
$310,000
Oct. 1,1918
a St consol. M. $550,- S 1898
c*. <Int. at Portland Trust Co., Portland, Me., Trus.
000, gold
Interest on first mortgage payable at Quincy (111.) Trust Co.
Of the Ss of 1898, $140,000 will be used to retire the 1st 5s and
$100,000 retained by trustee for future extensions and improvements.
Earnings—For year 1902, gross, $119,443. In 1901, gross $104,923
iBt mortgage,
$500
each
<
(
Road— Operates
15 miles of track.
F. Duncan, Portland, Me.; Sec, W. B.
Treas.. Henry P. Cox; Gen'l Mg'r.; H. E. Chnb-
Officers— President, Geo.
MoKlnley, Quincv.
111.:
4)00k.— V. 67, p. 372, 737
REDLANDS, GAL.
RY.— A
REDLANDS STREET
in California in
January, 1888.
interest. Outstand'g.
Maturity.
$150,000
StOCK, $150,000 (+100)
1899
6g. F.-A.
l8t mortgage, $50,000 >
50,000 Aug. 1, 1919
Tr. Co., Los Angeles, trus.
gold
i Title Insurance
84.000 >ept 1, 1931
2d mo tgaae, $150,000, ) 1901 5g. M.&8.
gold
trus
S Title Insurance &Tr. Co., Los Angeles,
Bonrfs— $50,000 of tlie 2d mortgage 5s are reserved by the trustee to
retire a like amount of Ist 68, which are redeemable alter 5 years at
105. Interest on both issues is payable at tha First National Bank of
ISedlands.
Road— Owns 880 miles of track in Redlands.
Officers— President, Henry Fit-her; Vice-President and iVTgr., C. W.
A. <'artlidge; Secretary, John H. Fishtr; Tieasuier, First Nat'l Bank
of Redlands.
&
RICHMOND, IND.
STREET & INTERURBAN RYRICHMOND
road.
—A
trolley
&
interest,
OmsiaiHiing.
RONDS- Date.
Maturttu.
atock. $600,000
$.500,000
5.iO.. 00
5 g. J-J
let mtge., $600,000 > ....
1950
'OS Lafayette Loan & Tr. Co., Lafayette, Ind., Trus.
($500), gold
Botid:i.—As6 subject to call at 107^2.
Road Operates 30 miles of track, including a line (20 miles) to Cam
bridge CMty, Dublin and Milton. Connects at Dublin with the Indian•poUs &, Eastern Traction. 60 >«nd70 lb. T rail.
OFFICERS-President, H. B. Smith; Vice-Pres.. J. W. Van Dyke; See.
and Treas., C. Murduck 8upt., E. B. Guuu.-V. 74, p. 1197.
Stock
. -
;
RICHMOND. VA.
Including Hancliebler and suburbs, population is estimated at 125,000.
Popx.lation of Petersburg and suburbs about 30, OOO.
VIRGINIA PASSENGER &
POWER CO.-Se«
*naps on, pages 70 and 77.
Organization— Organized in 1901 under special perpetual charter
iroia the otate of Virginia, with broad powers to acquire and o'perate
trailways and other properties and to own stock and other securities of
corporations or lo consolidate with other oorporatlou«, in acaaordauce with which it has secured by mortgage, couaoliilatiou and
In Jan., iy03, Frank Jay Gould
ipyixjhase the folio win? properties
ijUkd associates purcli.*sed a controlling interest.
V^ 76, p 49.
iBichmond Passenger «fi Power Oo., operating 25 miles of railway in
tfitlier
EUohmond also an electrlc-llxhting and power
Miehmond Traction Oo., with 19 miles of track
urbs; also au electric lighting aud power plant.
:
plant.
la Richmond
in
of
at
Organization-The Roanoke Street Railway and the Roanoke Electric Light & Power were both sold at foreclosure August 1, 1899 The
present company was then formed. In Jan., 1903, the entire caoital
stock was purchased by a Philadelphia syndicate, who elected' the
officers as
Stock
below.
&
Bonds—
Date,
Stock $200,000 ($100)
1st M. $300,000 ($1,000) g.
interest,
Outstand'g.
$200,(i00
Maturity.
1899 5 g. J - D 300,000 Dec. 1, 1949
Int.atMercantileT.&O. Co., Bait., trustee
1899 4 g. J - D 190,000 Deo. 1, 1949
2nd M. income, gold.....
J
($100-$5iO) $190.000
< Mercantile Tr. «fe Dep. Co., Bait., trustee.
Income Bonds— In Jan., 1901, the tirst payment of 3 per cent was
announced on the income bonds. V. 72, p, 184. Feb. 1, 1902, 4 p. c.
Road— Operates 14 miles of road in city of Roanoke, extending also
8 mUes to Salem, Va.; total track, 2213 miles.— V. 68, p. 1183; V. 69,
S.
Fund
\
\
p. 82, 284, 334; V. 72, p. 184.
trolley road.
Organization- Incorporated
Date.
Stock & Bonds—
ROANOKE, VA.
&ELECTRIC.-AtroUey
ROANOKE
RAILWAY
Roanoke estimated
road. Population
1897
20,000.
and sub-
Officers— President, R. D. Apperson, Lynchburg; Vloe-Pres., Chas.
R. Miller, Philadelphia; Sec. and Treas., F H Shelton, Philadelphia
Gen'l Manager, J. W. Hancock. Roanoke.— V. 76, p. 213.
ROCHESTER,
N. Y.
ROCHESTER RAILVTA Y-A troUey road
ettire street car system of the city
(Chartered Feb. 25, 1890, and is a consoUdaiion of
the Rochester City and Brighton RR.,the Cross-Town RR. and the
South Park RR. Operates about 85 miles of track in city of Rochester,
with extension to Ontario Beach, 8% miles, and to Windsor Beach, 9
miles. Franchise practically perpetual and exclusive. The Rochester Electric Railway was leased on September 8, 1894, lease dating
from July 1, 1894, for 50 years, at a rental of 8 per cent on
if:200.000 stock (ot which the Rochester Ry owns $136,90u) and
whenever gross receipts exceed $50,000 one-quarter of suoh excess. A branch of the Rochester & Suburban (theSummerville Branch)
is leased for 10 years from April 1 5, 1898, at an annual rental of $8.000; see that company under Irondequoit. In addition to the stock
of the Rochester Electric Ry also owns 205 shares out of the total 4()0
shares (par, $50) of the Rochester & Charlotte Turnpike Co.
On July 1 1902, leased the Rochester & Sodus Bay Railroad for 999
years at a rental of 212 p. o. on $750,000 preferred ^tock for first
year, 3 p. 0. for second year, 3^5 p. c. tor next year, and 4 p. 0. thereafter. No other payments to be made under lease. V. 75, p. 395.
In J'an, 1901, E. W. Clark »& Co. became associated with Cuyler,
Morgan
Co. of New York in the control of the road, but the latter
Clark «fe Co., in control.
firm withdrew later, leaving E
On May 24, 1901, the stockholders authorized $2,500,000 5 percent
cum. preferred stock and $2,500,000 5 per cent general mort. bonds.
The stockholders were allowed to take the now stock by paying at the
rate of 60 per cent in present stock at a valuatlou of $00 per share
and $40 in cash. Authority to issue the bonds has been granted, but
Organization— Controls the
of Rochester.
,
&
none has been
W
issued.
In Oct., 1901, both pref. and com. stock were listed on the Philadelphia
Stock Exchange, and in Nov., 1902, listed the 2d mortgage, bonds.
Date, interest. Outstanding.
Maturity.
Bonds
Stocks
....
Com. stk, $2,500,000 ($100) ....
$2,500,000
1
&
2.500,000 Jan.,'03,l>4%
A-O
Roch.O'y&B'.'3d"M.,"now'51889 6
175,000 Apr. 1,1919
Interest at Rochester Tr. & S. D. Co.
(
1st M. ($500)
2,700,000 Apr. 1, 1930
Rochester Rv Consol M- ^ 1^90 5g. A-O
*''(|l0O)^'*"""'*'^'^^^'^"^S
$3^Wl,000)g!^* \
2d M., $1,500,000,
g.
c*
($1,000 each)
Collateral trust notes
($1,000)
)
5
>
S
*» Cuyler,
^'J^f^lf'
1893*
5g.J-D
Morgan
& Co., New York
1,500,000
Deo. 1,1933
Interest at Security Tr. Co., Rooh., Trustee.
1895
M-S
6
182,000 Mar. 1, 1905
Interest at Security Trust, Rochester.
STREET RAILWAYS.
Vonsolidated mortgageot 1890 and second mortgage cover all present
and future property of the company, and the bonds are to have their
principal and Interest paid without deduction for any tax payable by
the company under any law of the United States or New York State
and imposed upon the bond for national. State or municipal purposes ,
Of the consols enough are reserved to retire underlying bonds of che"
Kochester City & B. RR.
Second morgage bonds cannot be called.
Dividends-— First div. on pref. stock, 1 p cwaspaid Jan. 1. '02; Apr!
1, '02,
m
c; July
p.
Road.— Following
acquired Rochester
Boad. Owned.
Main line, troUey
Second track
Sidings
—
1, II4 p. c; Oct. 1, Ik p. c; in 1903, Jan., II4P. c_
are details of mileage, not including the recently-
& Sodus Bay:
Road
Miles.
—
Miles.
leased
Electric
4912 Rochester
do
3617
do 2d track..
Rochester & Suburban
2d track & siding
do
I'ti4
17-99
&
79
Bonds—^
Oiitst'd'g.
Maturity.
$60,000 f. p.
1894 g. A - O 100,000
Oct. 1, 1914
I Int. at Am. Sec. & Tr. Co., Washington, D. O.
Bonds— On Jan. 1, 1901, $100,000 bonds were held by stockholders
of company. Instead of issuing new bonds to buy the plant of the
Stock
104-93
Totaloper.
Weight of rails, 40 tp 107 pounds, standard gauge; oars, 200.
Latest Earnings— Seven months July 1 to Jan. 31.
Charges.
Other inc.
Net.
Gross.
$354,117
$191,372
$7,887
178,829
275.848
9,069
Annual Reports for years ending June 30 show
1902.
1901.
rreiid.JuneZO. 1902.
Gross earn'gs;$l ,044,006 $98 1 ,723 Int.& taxes. $313,541
471,024 376,173 Rentals
Net
I
54,110
18,535 Dividends ..
Other Income... 24,216
$748,366
611,680
1903
1902
Surplus
$170,632
106,088
1901.
$304,338
Interest.
Electric Light Co., the company borrowed $16,000; the bondholdera
having loaned their bonds to the company to be used as security.
Road- Owns 6I5 miles of track (of which II5 built in 1897, fund»
rails.
being contributed by bondholders), laid with 35 and 45-lb.
In Feb., 1903, was contetnplating extension of the line and Improvements throughout the whole plant.
Earnings— For year ending Dec. 31, 1902, gross, $42,544; net, after
taxes, etc., $2,'131 1. In 1901, gross, $41,238; net, after taxes, eto.,$6,364.
Pres., Seymour Cunningham; Gen. Man. and Treas., J. B. Marvin.
V. 69, p. 1193.
T
ROME,
86 93
Total
Date.
Stock, $60,000, par $100..
1st mortg., $100,000, gold
$1,000, riot subj. to call.
ROME
CITY STREET
N. Y.
RAILWAY-
Orqanization— Incorporated Dec. 22, 1885.
Date.
interest, Outstanding.
Stock & Bonds—
Maturity.
Stock $150,00 ($100)
$150,000
let Mtge.
$200,000. ) 1900
5 g. A-O
April 1, 1950
123,500
gold ($500
Int. at Trust Co. of America, N. Y., trustee.
c* 5
Loans June 30, 1902, $27,103.
Road— In 1903 owned and was operating about 6 miles ol
track under the compressed air system.
Officers— President, H. MonkEarnings—Yearending June 30,
house, Rome: Secretary & Treas1901-2. 1900-01. '99-0.
urer, A. L.Dale; Man., Jas. W.
$
$
$
Brown.— V. 68, p. 674.
Gross
7,427 4,722
10,024
Net ...loss 10,955 loss 5,065 1,335
Deflcit ....18,318
10,440 1,505
1
1
Surplus
$127,589 $90,370
Officers— Pres., Frederick Cook; Vice-Pres. and Gen. Man., T. J.
Nicholl; Secretary, G. G. Morehouse, all of Kochester; Treas., G. L.
Estabrook.—V. 67, p. 690, 951; V. 68. p. 826; V. 72, p. 184, 392, 937;
Net income.. .$495,240 $394,708
|
1
I
I
I
V..73, p. 785; V. 74, p. 95; V. 75, p. 395, 1148.
(1)
RUTLAND, VT.
ROCHESTER & SODUS BAY RAILROAD.
Organization- OrganlzedAug.
an
electric railroad
from Sodus Point, Wayne County, on Lake Ontario, to the city of
Rochester. The road was opened on August 22, 1900. On April 1,
1901, leased for 999 years the Irondequolt Park RR. of S^^ miles,
Sodus
and on July 25, 1902, was consolidated with the Rochester
Bay RR. The latter has been leased from July 1, 1902, to the
Rochester Ry. for 999 years. For terms of lease fee that company
above. V. 75, p. 395. Total track owned and operated, 41*20 miles.
13, 1898, to build
&
Stocks—
Common, $1,000,000
Date,
interest,
0>ilst"nd'g
Maiurity.
$1,000,000
4
750,000
Pref. 4 p. o. cum., $750,000
Earnings— For year ending Dec. 31, 1901: Gross, $106,048; net
$26,178.
Officers.— President, T. J. Nicholl; First VioePresident. George,
Wilder; Second Vice-President, Benj. Graham; Secretary, Charles Van
Voorhis; Treasurer, John H. Gregory. Ottlce, 267 State Street, Roch
ester.— V. 71, p 391; V. 73, p. 1265; V. 75, p. 240, 395.
($100)
ROCHESTER CHARLOTTE
& MANITOU-
Orqanization— Chartered March 14, 1895, as a steam road, but is
operated by electricity.
Dxte.
Interest.
Outsiani'g.
Maturity
Stock & Bonds—
$97,500
5 Deo.
Dec. 1,1925
81,250
gold
Security Trust Co., Rochester, Trustee.
I
Road— From Charlotte (suburban town and resort of Rochester, on
Lake Ontario,) to Manitou Beach, on Lake Ontario, 7'75 miles.
EARNiNQS.—Year ending June 30, 1902, gross, $14,427; net, $950;
Stock, $100,000 ($100)..
First mort., $82,000, C 1895
Charges, $4,64a; deflcit, $3,693.
Officers— President, Michael Doyle; Vioe-Prest., Lewis Warfleld;
See. and Treas., J. M. McGrath.
ROCKFORD,
ILL.
ROCKFORD & INTER-URBAN RAIL^WAY-Orqanization— Is a consolidation in October, 1902, of the Rockford
Ry. Light & Power Co. and the Rockford & Belvldere Electric RR. Fareon, Leach & Co. offered for sale $100,000 of the bonds in Jan., 1903.
Stock
&
Bonds—
Date,
interest.
Outstanding. Maturity.
Stock, $1,000,0(10, $100
$750,000
^^-^'N
92,500 Nov. 1, 1918
^^^^
^c'^ $300 OOo'ltSOO^and ^
^°*- ^* ^^- "^^ * Savings Bk., Chicago, Trus.
$'1 ;000)
c S
RockTd & inter'Urban ) 1902
5g A-O
532,000
Oct. 1, 1922
mtgs., $800,000. g..>Intere8t at First National Bank, N. Y., or at
c* ) American Trust & Sav. Bank, Chic, Trustee.
($1,000)
.
.
.
.
.
Bonds— sinlcing fund of 5% of gross receiptH commences in 1908.
Entire issue is subject to call at 105 and intere.st aft er Oct. 1, 1907.
$150,000 Rock. & Inter-Urban bonds are reserved to retire bonds of
like amount due 1918.
Earnings— For year ending Deo. 31, 1902: Gross, $167,576; net,
$70,696; interest and taxes, $27,673; surplus, $43,023.
Road— Operates 22 miles of trolley in Rockford and 14 miles between Rockford acd Belvldere. Total, 36
Officers— Pres., R. N. Baylis, Chicago;
rufl.— V. 67, p. 127, 321, 1056; V. 75,
p.
miles.
Sec.
and Treas., W.
F.
Wood-
849; V. 76, p. 49.
ROCKLAND, ME.
ROCKLAND THOMASTONroad.& CAMDEN
STREET RAIL^WAY.-An
electric
In Feb., 1901, consolidated with th a Knox Gas & Electric Co., and
made a new mortgage of $800,000 to the Union Safe Deposit & Trust
Co. of Portland, Maine.
Date,
interest. OidsVd'g.
Stock
BondsMaturity.
Stock ($100) ($300,000 auth.)
$250,000
.. . .
1892 5 J- J
250,000 May 1, 1922
(
l8t M. ($250,000)
Bonds have been called for payment
<
f July 1, 1902, at 105.
Road Operates 17-21 miles of track from Thomaston through
Rockland and Rockport to Camden. In Sept., 1901, purchased "Oak
lands," a park of 75 acres, for purposes of a pleasure resort.
Tears ending June 30. Gross.
Net.
Int. atid taxes. Bal.,sur.
1901
$i7,505
$90,193
$37,263
$19,758
1900
79,845
27,739
12,889
14,850
1899
70,211
29,298
13,585
15,713
Officers— President, G. E. Macomber; Sec, H. M. Heath; Treas.,
A. D. Bird; General Manager, Thomas Hawken.—V. 72, p. 392.
&
RAIL^WAY.-A
RUTLAND STREFT
rebuUt the
Organization.— In 1894
equipped
it
throughout.
line as a trolley
trolley road.
road and newly
In May, 1901, the property was sold ^to a
New York aud Boston syndicate and reorganized as below.
&
Date.
int.
Outstand'g.
Maturity.
Bonds—
Stock
$1,250,0(10
Stock, $1,500,000 ($100)
New Ist mtge., $1,000,000 { 1902 5 g.'J-J 1,000,000 July 1, 1952
0* ^Int. at Merchants' Tr. Co., N. Y., tr ustee.
($1,000) g
Road— Owns and operates 10 miles of track in Rutland, extending
to West Rutland. On Nov. 1 1902, had practically completed an extension to Fair Haven, on the New York State line. A new company
called the Verniont & Whitehall Ry. has been organized to build from
Fair Haven to Whitehall. Work onjthis new line will commence In th©
spring of 1903.
b«~<
Officers- Pres., Le Roy W. Baldwin, New York; vice-Pres., »P. M.
Mouver; Sec. and Treas., Chas.
West, Rutland.— V. 73, p. 958; "V.
74, p. 207; V. 75, p. 442.
,
H
SACRAMENTO, CAL.
SACRAMENTO ELECTRIC GAS &
California
Gas
& Electric
RY.-
with capital stock
of $15,000,010, was trying to obtain a controlling interest in a number of gas, electric and street railway companies in California, the
Sacramento Electric Gas & Railway among the number. See particuIn Jan,, 1903, the
Co.,
lars in V. 76, p. 267.
Organization- Incorporated April 4, 1896. Franchises expire Oct.
6,1942. A consolidation of the Sacramento Electric Power & Light
and the Folsom Water Power Co
The water power is obtained from Folsom, 24 miles from Saoramento. In 1899 made a contract with the Bay Counties Power COw
for the exclusive use of 2,000 h. p. for immediate delivery and to the
extent of 5,000 h.p. If needed. This obviates the necessity of a steam
plant, and Insures against shortage of power for the future.
On
July 19. 1899,acquired entire capital ($500,000) of the Capital Gas
Co. and in March, 1902, acquired all of the bonds ($150,000). The
franchises and assets of this gas company were transferred to the
Sacramento Electric.Gas & Ry. on Sept. 1, 1902, since which date, the
latter has accordingly been conducting a gas business.
Maturity,
Bonds— Miles. Date. Interest, Outst'd'g.
Stock
Stk.,$2,500,000 ($100)
$1,858,400 Dec. 1 '02,150.
265,000 June 1, 1912
Central El Rv Istl ^^ ^^^^ 6g. J-D
($25,000 due yearly) to June 1, 1921
M *ioo (ioo '*%i oan
I
S. D. & Tr. Co., San Fran., Trustee,
«"
^
«lno
<K;t>ouu,g
cj I^t- at Cal.
or Union Trust Co., New York.
1897 5 g. M-N 1,980,000 Nov. 1,1927
Sac. Elec. Gas & Ry.) ....
Ist mort., $2,500,000 > Int. at CaL S. D. &Tr. Co., San Fran., Trustee,
and Guaranty Trust Co. of New York.
>
($1,000) gold
Bohds—Ot the $2,500,000 bonds authorized, $265,000 are reserved'
for the Central Electric Ry. firsts. The $250,000 vmissued remain for
future corporate purposes (V. 65, p. 977.) and $5,000 were retired In
August, 1902. As to right to call bonds, see V. 74, p. 989.
i>tt)tde»ids— First dividend of 15c. per share was paid Jan. 1, 1901,
and same amount paid monthly to Feb. 2, 1903.
Road—The railway system extends I6I2. mUes with 24ia miles of
single track. It covers the entire city and has valuable franchisee
running 50 years and giving practical control of transportation in the
city. East Park and Oak Park are owned. Rails are combination 35
and 60 lbs. Operates 40 motor oars. Standard gauge.
&
V
I
Latest Earnings-Ten months to Nov. 30:
10 mo«.—
Gross.
Net.
1902
1901
Earnings— For
fiscal
$408,524
$210,303
348,196
184,657
year ending Jan. 31:
Int.,<£c.
$105,356
94,091
Balance.
$104,949-
90^566
1901-02.
1900-01.
Gross earnings
Operating expenses.
$419,781
195,266
$376,970
173,398
$333,819
158,925
Net earnings
$224,515
113,540
$203,572
$107,186
9,603
3,206
$174,894
$110,115
7,900
$101,372
$93,180
$56,879
]
899-00.
.
ROME, GA.
CITY ELECTRIC R AILAV A Y-A
1894
Organization- Chartered
successor
trolley road.
as
to the Rome Street
Railway, which was sold In foreclosure July 5, 1895. In Dec, 1899,
purchased the plant of the Rome Electric Light Co. and is now conducting electric lighting In conjunction with street railways.
In
Bond
interest
Profit
and
loss entries (net)
Profit for fiscal year
Officers— Pros. & Gen. Mgr., Albert Gallatin; Vice-Pres., Alex.
McCallum; Seo'y & Treas., Albert Gallatin Jr. General Office, Olaue.
Spreckels Bdg., San Franoisoo.- V. 75, p 30, 442; V. 76, p. 103, 266.
SAGINAV/, MICH.
•SAGINAM''
electric
SUBURBAN RY.-Third-rail
build an
Organization-- Incorporatedin 1900
to
electric line from
Flint via 8a>!inaw to Bay City, a dlstince of 50 miles. Road is under
construction, and is expected to be completed In 1902.
interest.
Ontxtand'g.
Maturity.
Stock and Bonds— Dale.
Stock, $500,000 ($100)
$500,000
Ist mortgage, $800,000 J 1900
5 g. A-O
800,000
Oct. 1, 1925c'l Int. at N. Y. Sec &Tr. Co., N. Y., Trustee^
($1,000). g
STREET RAILWAYS
STREET RAILWAYS.
Bonds— Sinking Pund.— 10
p. o. of
net earnings
ifl
payable after
Bonds cannot be called before maturity.
Officers.—President, George Silsby, Saginaw; Secretary, Q. Veyne
Chandler; rreasurer, T. C. Harnish —V. 7i, p. 288.
1903.
road.
VALLEY TR ACTICN-A
as a consolidation, per
SAOINA^N''
trolley
1899,
Street Ry. and the Saginaw ConBolidated Street Ry. (both foreclosed Oct. 15, 1898), the Inter-Urban
By. and the Hamilton Street line. V. 68, p. 233. Franchises expire
Oct. 16, 1923, July 2, 1924, and Feb. 4, 1925.
Interest.
Outstanding. Maturity.
Date.
Bonds—
Stock
Common stock, $700,000,
Organization— Incorporated Jan.
plan in V. 67, p. 1111, of the Union
7,
&
$700,000
par,$100
Pref. stock, 5 p. c. cum., /
$400,000; par. $100 ;>
div.
pref. as to assets
Ist mort. $850,000 gold, >
&
400.000
....
820,000 Feb. 1, 1920
1899
5 g. F&A
".. c*^ Int. at Boston Safe Dep. &Tr. Co., trustee.
$1,000 each
Bonds— Ot the 1st 58 $30,000 are reserved for extensions and
mprovements. A sinking fund of $8,500 per annum commences Feb.
1, 1907, and runs for 5 years, after which $17,000 per annum Is payable, said fund to be invested in the bonds at a price not exceeding
.'
IO712 and interest.
Road— Owns and operates 35 miles of track, including line from
Saginaw to Bay City, and all electric railroads in Saginaw. The InterUrban line to Bay City includes 11 mUes owned and three miles operated under contract; also 5 nules of private right of way and
Owns Riverside
bridge across the Saginaw River costing $60,000.
Park of 65 acres.
Earnings— For years ending March 31:
Net.
Oross.
1902
1901
Charges.
Surplus.
$277,536
215,348
$90,792
$38,700
$52,092
64,256
35,786
28,470
Boston,
Officers— President, Homer Lorlng, 64 Devonshire St., ^wo.;^^,
Mass.; Treasurer, Frank D. Ewen; Secretary, Charles S. Smith; Executive Committee, Thomas A. Harvey, Chairman; Geo. B. Morley and
Gilbert M. Stark, all of Saginaw. Mich. V. 67, p. 1111; V. 68, p. 233;
V. 74, p. 428, 1356; V. 75, p. 291.
ST.
ST. ALBANS, VT.
ALBANS STREET RY.-A troUey road.
Organization— Incorporated
in
Albans and Swanton.
baggage, express and mail.
ness In
St.
Vermont.
Controls entire busiCharter permits the carrying of
&
Interest.
Outstanding.
Maturity.
Bonds— Date.
Stock
Stock, $200.000
$200,000
Ist mort. $200,000, ) 1902
5 g. J-J15
150,000 Jan. 15, 1922
gold (i;l,000)...c* 5 Int. at Mass. Trust Co., Boston, Trustee.
Bonds— CskU be called on any Interest date at 107 and accrued Interest
ROAD-Operates aboat 3 miles of trackln St. Albans. Extension of
12 mUes to Swanton was completed in 1902, making a total of 15
miles operated.
Officers— President and Manager, E. E. Carpenter, Worcester,
Mass.; Vice-President, J. J. Flynn, Burlington, Vt.; Treasurer, H. F.
Lelaud, Worcester, Mass.; Secretary, F. C. Smith, St. Albans, Vt.;
Auditor, C. A. Middlemas, Worcester.— V. 74, p. 268.
ST. JOSEPH, MICH.
BENTON
HARBOR & ST- JOSEPH ELECTRIC RAILV^TAY & LIOHT.-
This is a consolidation of the St. Joseph & Benton St. Ry., the Benton Harbor & Eastern Springs Electric Ry. and the Benton Harbor &
St. Joseph Electric Light Co. The new company enjoys all the street
railway and electric-light privileges in the cities of St. Joseph and
Benton Harbor.
Interest.
Outstanding.
Maturity.
Stock
Bonds— Date.
Com. ($100) ,$100,000
$100,000
Pref., 5%. $100
45,000
Ist mtge., $200,000, ) 1900
5g. M-S.
200,000
Sept. 1, 1920
gold ($1.000)
5 Int. at Am. Tr. & Sav. Bank, Chicago, Trustee.
Bonds—MtQT 1910 $10,000 per aimum is payable Into a sinking
fund, but bonds cannot be called.
Road— Owns and operates lOig miles of track In St. Joseph, Benton
Harbor and the Township of Benton under franchises which expire
from 1921 to 1931.
Pres. and Treas., W. Worth Bean; Sec, W. H. Hull; 8upt., H. C.
&
Mason.—V.
66, p. 1090; V. 71, p. 1268; V. 72, p. 86, 88, 282.
ST.
JOSEPH, MO.
JOSEPH RAILWAY LIOHT HEAT &
PO^A/^ER.—
Organization-IncorporatedinMissourl in 1895 and acaulred the
following properties: The St. Joseph Traction & Lighting Co., People's Ry. Light
Power Co., Citizens' Ry. Co., Union Ry. Co., St.
Joseph & Lake Ry. Co. and Wyatt Park Ry. Co. Comprises entire
street railways of St. Joseph. Company also does electric llghtmg and
power business, and sells steam for heating purposes. Most of the
franchises are perpetual, the others maturing in periods from 37 to 48
years. Also owns a park of 250 acres on Lahe Contrary. V. 75, p.
1032. Is managed by E. W. Clark
Co. of Philadelphia. Bonds
were purchased by Reamond, Kerr & Co., New York, in Nov. 1902.
Dale, interest. Outstand'g. Maturity.
Bonds—
Stock
Com. stk., $3,500,000 ($100)
$3,500,000
5**
Pref. stock.,
non-cum.,
1 _„„ ^^^
,„„ ,.„ , , „,
1,500,000 Jan.'03,l
34%
$2,500,000 ($100)
!\
Ist mortgage, $5,000,000, ) 1902 5g. M-N 3,500,000 Nov. 1, 1937
gold ($1,000)
cnnt. at Redmond, Kerr & Co., N.Y.
]Bonds.— Trustees are Trust Co. of America, New York, and Missouri
Valley Trust Co., St. Joseph. $1,500,000 are reserved for additions and
betterments at the rate of 85% of cost. Bonds cannot be called.
Dividends.— 5 pe r cent per annum Is now being paid on pref. stock.
Road— Owns and operates 40 miles ot track.
Earnings- For years enaing Dec. 31 of consolidated properties In
1902, gross, $516,275; net, $260,193; in 1901, gross, $455,754; net,
$220,597.
Officers— President and Gen. Man., W. T. Van Brimt, St. Joseph,
Mo.; Vice Pres., E. W. Clark Jr., Philadelphia; Secretary and Treas.,
G. L. Estabrook, Philadelphia: General Manager, J. H. Van Brunt.
St. Joseph.— V. 61, p. 926; V. 75, p. 1 86, 1032.
&
&
,
&
:
LOUIS TRANSIT
MO.
CO.-( See Map, page 80).
Organization—This company was formed under the laws of MisBouri, and has leased aU the lines of the United Railways Company of St. Louis. By St. Louis City ordinance, approved March 20,
1899, wai given power to acquire, lease and operate until March 18,
1939, any of the lines which have heen acquired under the arrangements with the United Railways Company, which conapany took over
ST.
the street car lines in operation in St. Louis with the exception of
the St. Louis «& Suburban system. The combination was arranged
all
by a svndicate headed by Messrs. Brown Brothers & Co., New York«
See plan in V. 69, p. 231. The company on April 12, 1898, received a
fifty-year franchise from the City of St. Louis authorizing it to build
791^ miles of street railroad on several of the most important streets
of the city, and also giving permission to acquire by lease or purchase
any other street railroad companies in that city.
Road.—The mileage of the combined system is as follows
Miles.
Miles.
Missouri RR. System (eleo.) . 27-62 St. i..om8 Traction Co.. (eleo.) 10-27
Linden Ry. System (elec.).*121-37 SouthemElectrlcRy. (eleo.) 23-29
Union Dep'tRR. Sys. (eleo.). 75'88 National R7. System (eleo.) 81-62
13-63
Jefferson Ave. Ry. (electric). 6-41 Central Traction
360-09
Total miles in operation, all electric
In addition to which a large amount of additional mileage has been
authorized but not constructed.
* Including county roads.
Outstanding.
interest.
Maturity,
Stock
Bonds— Dale.
Stock ($20,000,-)
$17,264,300
par $100
&
000).
^
1901
MN
Nov. 1, 1904
5,776.000
Trust Co., St. Louis, Trustee.
(Redeemable at par any int. date after Nov. 1, 1902.
($1,000)
The Collateral Trust N^otes are for a total amount of $6,000,000, of
which $5,776,000 have been issued. They are secured by gen. mort.
bonds and pref. stock of the United Railways of St. Louis, which the
St. Louis Transit Co. received in payment for betterments and new
construction on the railway lines. When all the notes are out, aggregate of ooUateral will be $2,877,000 bonds and $5,'272,900 pref- stock.
V. 73, p. 1113, 1265.
UNITED RAILWAYS COJrPANT OF ST. LOtnS.
Coll. trust notes, C
$6,000,000,
g. ^
5
g.
Int. at Mercantile
Stock and Bonds.—
Date, interest. Outstanding.
Maturity.
Stock, com., $25,000,000 ...
Stock, pref., 5% cum., $20,-)
$17,261,300
=n t *16,755,400 gu. 5% p. a.
»"^--J<,•
000,000
Gen. Ist M., $45,000,000)1899 4g. J-J *28.292,000
July 1, '34
($1,000) g. 0.,* cannot be > Int. at St. Louis-Union Trust Co.. Truscalled
or
tee,
at Brown Bros. & Co., N. Y.
)
$2,877,003 bonds and $4,i-P5,400 pref. stock are held in the treasury of the
St. Louis Transit Co. acd are disregarded in eBrninas.
Stock and Boxd*— «3,244.600 preferred and $7,738,700 common
stock are reserved for future acquirements and betterments.
Of the
$45,000,000 gen. 1st mtge. bonds, $16,708,000 are unissued, $13,708,000 being reserved for the retirement of underlying liens and $3,000.000 are reserved for the sole purpose of retiring the bonds of the St.
Louis & Suburban in case its purchase should at any time be made.
The bonds are secured by all the stocks of the conetituent companies, and by direct mortgage lien upon their property and franchises.
Lease Qunranty. The St. Louis Transit Co., besides leasing all the
lines of railway of the United Railways Co. of St. Louis, guarantees
the payment of interest upon all the new 4s as well as on the bonds of
the constituent companies, and also 5 per cent, payable quarterly,
upon the preferred stock of the United Company.
BOND ISSUES OF CONSTITUENT COMPANIES.
—
Missouri System— Date. Interest.
OutstaTid'g.
Missouri RR. 1st mtg., ) qq^
M.
5
S.
$700,000
'^^^
o'^^
$1,000,000
Subject to call in 1901 at 105.
-,
Maturity.
Mch.
1,
1906
Lindeix System—
^$1^500^000 ^* ™o^^^^ 1891
Aug. 1, 1911
5 g. F-A $1,500,000
payable in New York and St. Louis.
Comp'nH!u.D.&M.T.") 1893
6 g. J-J
1,000,000
July 1, 1913
1st mort., gold
c* S Int. at St. Louis-Union Trust Co.; also In N. Y.
Taylor Ave. RR. Ist) 1893
6 g. J-J
500,000
July 1, 1913
mortgage, g
s Interest at St. Louls-Unlon Trust Co., St. Louis.
goid;$l,006"each.
H'^^''**'
Union Depot System—
Union Dep't RR. Jons. 1893
M. ($3,500,000) g.
JefTersonAv. RR.,M
\ 1895
$400,000
Southern Elec. System-
6
g.
J-D
3,500,000
June
1,
1918
277,000
Nov.
2,
1905
.
5
M-N
6
6
M -N
M-N
5
M- N
164,000
May 1, 1904
336,000
May 1, 1915
200,000 Aug. 1, 1916
000 ($1,000), gold.c5Int. pay'le at LoulsvlUe, Ky, and St. Ii., Mo.
Southern Elec. 1st M.,..1884
Consol. M. ($500,000)... 1890
Mort. of 1896, $200,- \ 1896
National System Louis RR. Ist M., ) 1890
St.
cur. ($1,000 each) ..
St. Louis 1st
$
Baden &
\
mortgage, gold
Cass Avenue & Fair
1
Grounds
Ist M.,$2,-
000,000,
g.,
$1,000,
sink, fund,, guar. p.
0*
&i. (Nat. By.)
ST.
ST. LOUIS,
81
}
1,948,000
May
1,
Subject to caU May 1,
5g. J - J
250.000 July 1,
Subject to call after July 1, 1893.
1893
1892
5g. J-J
1,813,000 July 1, 1912
Subject to call at 102 on any July 1 after 1893.
Interest at No. Trust Co., trustee, Chicago.
1887
6
J-J
1,500,000
July
1,
Citizens' Ry.lst mort. Int. at St. Louis-Union Tr. Co., St. Louis;
gold ($2,000,000)...'
at Amer. Exch. Nat. Bank, N. Y. City,
Total
*
Owned
Grand Avenue Railway Co
Avenue Railroad Co
Kings Highway Railroad Co
LindeU Railway Co
Midland Street Railway Co
Missouri Railroad Co
Moand Citv St. Ry. Co
National Railway Co
100
4,000
20
100,000
2,000
22,986
5,250
25,000
Northern «entral Railway Co
2,000
St. Louis Clayton & C. C. Lake RR. Co..
120
St. Louis County Street Ry. Co
467
St. Louis Cross County RR. Co
1,000
St. Louis RR. Co
19,387
St. Louis Traction Co., formerly People's
20
Ry.Co
Southern Electric RR. Co., common.. .. 5,000
Do
preferred... 10,000
do
do
Southwestern Ry. Co
30
Taylor Avenue RaUway Co
5,000
Union Railroad Co
12.000
Union Depot Railroad Co
30,000
200
Vandeventer Avenue Railroad Co
Total
1907
also
Trustees are Chas. Parsons and Thos. E. Tutt.
$13,688,000
jointly by Missouri, LindeU, Union Depot and National
companies.
The following companies have been absorbed
Shares
Roads A hsorbed.
issued,
Baden * St. Louis RR. Co
1,000
Benton-Bellefontaine Ry. Co
3,240
Cass Avenue & Fair Grounds By. Co.... 40,000
Citizens' RaU way Co
10,000
Clayton & Forest Park Railway Co
661
Compton Heights Union Depot & Merchants' Terminal Railroad Co
10,000
Delmar Ave. & Clayton Railwav Co
50
Forest Park Lac. & Fourth 8t. Ry. Co..
937
Jefferson
1910
1900
1913
310,468
Shares
acquired,
1,000
3,240
40,000
9,997
Outstanding.
....
634
3
27
10,000
....
50
937
100
4,000
20
99,994
2,000
22,986
5,250
25,000
2,000
6
....
....
....
120
467
1,000
19,309
78
20
5,000
10,000
30
....
....
....
5,000
12,000
30,000
200
310,354
114
STREET RAILWAYS.
82
As under the laws of Missouri the Unlt«d Railways Company has
the power to purchase all the property and franchises of any other
street railway with which it connects, or intersects, on obtaining the
approval of two-thirds of the stockholders, ownership of the above
stocks has been followed by actual deeds of the properties of alt of the
above companies, the final stepsin the case of the St. Loiils Traction
June. 1901.
Co. and the St. Louis RR Co. being taken
Exchange of Stock.— The St. Louis Ti-ansit Company exchanged its
stock (172,613 shares) for the common stock of the United Railways
Company of St. Louis, share for sbare, in consideration of a payment
to It by the stockholders of the United Railways Co. of $11 per share.
This furnished the Transit Co. a cash capital of $1,898,743 free from
all obligations except those under its lease.
Divideiids— First div. of 114 l..c. on pref. April 10, 1900; July, II4 p. c;
Oct., IH p. c; in 1901, 5 p. c; in 1902, 5. In 1903, Jan., II4 p. c.
Latest Earnings— For twelve months to Dec. 31, 1902, gross,
$6,438,788, against *5,777,600 in the twelve months of 1901.
Report —The following shows the results of combined properties
lor the calendar years 1900 and 1901. During May, June, July and
August, 1900. the company suffered from a strike of its employes,
and as a result earnings were heavily reduced whUe expenses were
increased. Report published In V. 74, p. 677.
1901.
1900.
Calendar Tear $4,462,991
$5,777,599
Gross earnings
3,692,400
3,646.488
Operating expenses and taxes
m
Net earnings
Otherincomo
$2,085,199
6,313
Total income
Deductions from Income
$2,091,512
254,830
Netincome
$1,836,682
Fixed charges (incl. dlv. on pref. stock of
2,362,312
United Railways)
252,606
$570,113
2,264^606
998, 1096, 1197, 12H3; V. 71, p. 31. 85, 343, 1270; V. 72. p. 284, 1136;
V. 73, p. 33, 1113, 1265; V. 74, p. 578, 677; V. 75, p. 1252.
ST.
LOUIS
ST.
—V. 72, p.
CHARLES & WESTERN RR.
An electric
SALT LAKE & UTAH VALLEY RR.- Co.,
sold at
and steam road. Took over the West Side Ripid Transit
foreclosure Operates 12 miles of track.
Story, Ouray, Col.
in Missouri In IftOl. The St. Charles &
Louis Bridge Co. (capital. S400,000, and $400,000 30-year 5 p. c.
bonds), which is building a bridge over the Missouri River at St.
Charles, is controlled in the same interests.
OiUstanding.
Maturily.
Dale. Interesl.
BondsStock
$600,000
Stock, $600,000 ($100)
March, 1932
5 g. M-8
500,000
l8t mortgage. $600,000, ) 1 902
o* 5 Int. at Colonial Trust Co., St. Louis, Trustee.
gold ($1.000)
.Bowds.— $100,000 are reserved for betterments. Are subject to call
&
after 1906 at 108.
track between St. Louis and St.
Charles. Gauge, 4 ft. 10 in. 60 and 70-lb. T and girder rail.
Officers.— President and Treasurer. J. B. C. Lucas; Vice-President,
Secretary and General Manager, Jas. D. Houseman
J. J. Broderick
Sup't, Charles GoodfeUow.— V. 75, p. 78.
of
;
LOUIS & SUBURBAN RY.-A trolley road
Louis & Suburban Ry., the St.
Louis & Meramec River RR., the
Louis Cable <fe Western KR., the
St. Louis <fe Kirkwood RR. and the Brentwood Clayton & 8t Louis RR.
V. 76. p. 332. Capital was increased from $3,000,000 to $7,500,000 la
January, 1903.
Date. Interest.
Outstand'ff. Maturily, etc.
Bonds
Stock
(i)
Stock, $7,500,000 ($100)
1914
600,000
St. Louis Cable <feWe8t'n> 1884 6 M.-N.
Ry Ist mortgage
S int. at Farmers' Loan & Tr. Co., N. Y. city.
Feb. 1, 1921
5 g.F-A.
1,400,000
St. Louis & Suburban) 1891
1st luort.. ($2,000,000) > Interest payable in Boston by trustee, Amer.
gold, $1,000
Loan <fe Tr. Co.; red. at 105 any Int. date.
)
Feb. 1. 1921
5 Feb.
300,000
St: L & Sub. inc. bonds, ) 1891
redeemable at par
s Interest at Amer. Loan & Tr. Co., Boston.
Organization— Comprises the
St.
8t.
—
&
May 8, 1916
^896 6g.M-N
1,000,000
^«i^0OO0(mw«l00or] Interest
at Mississippi Valley Trust ComIvol
i.'
i V'h-^ at T
i' y
iuK.,''enKed':-.c* ]
^t. Louis, trustee.
P^-^'
^
g.M-N
$4,200,0001 Nov. 1, 1922
$7^500,o1)0,"gold!°;.^ \ ^^^2 5
Bonds.—Ot the new mortgage for $7,500,000, the balance unissued,
$3, 300, too, are reserved to retire prior liens.
Road—Operates about 100 miles of track. All in the city of St. Louis
and suburbs.
Operations Following is the number of passengers carried during
each quarter of the calendar year
ist qxiar.
2d auar.
3d quar.
ath quar. Tot.for year.
1902...4.058,2.'i4
4,797,135
4,804,089
3,937,784 17,597,2fi2
4,005,693
4,021,925
1901 ..3.488,428
3.880,394 15.396,440
5,179,373
4,929,299
1900... 2,905,941
3,798,405
16,812,998
3,244,924
3,243,173
1899... 2,727,241
3,305,674 12,520,912
Officers— President, 8. M. Kennard; Vioe-Prest, Julius S. Walsh;
Set-retary and Treasurer. T. C. Kiuiber; General Manager, Thos. M.
Jenkins— V. 73. p. 1113; V. 74, p. 1356; V. 75, p. 78, 395, 794; V. 76,
p. i03, 2S6.332.
—
Is controlled
the street railways in the city.
Date.
Interesl. Outstanding. Maturily.
Bonds—
See text.
Stock $2,500,000 ($100)
$1,805,000
Col. Trust $2,500,000, g.,) 1899
5 g. M-S
1,985,000 Sep.1,1949
($1,000); no s. f.. ...c* 5 Int. at Continental Tr. Co., N. Y., Trustee.
Bonds—The bonds are secured by deposit with the Continental
Trust Co. of New York of all the stock and all the bonds (the latter
$750,000) of the San Antonio Traction Co. and the San Antonio Gas
& Electric Co., and are redeemable at 105 upon six months' notice.
Dividends—The first seml-annnal dividend of 1^2 p. c was paid
May 20, 1900; also l^s p. c. Nov. 20; in 1901, May, 1^ p c; Nov. dividend and since passed.
Road— Owns and operates 40 miles of track in City of San Antonio.
Report— Figures now included in the American Light & Trac. Co.
Officers— President, Emerson MoMiUin; Secretary and Treas., C. T.
Scoville, 40 Wall St., New York.— V. 70, p. 740, 793, 895; V. 72, p. 723;
V. 73, p. 235, 237, 1012.
ate
all
Stock
&
SAN DIEGO, CAL.
SAN DIEGO ELECTRIC RY-A trolley road.
Organization, Etc.— Began operation in 1891, and in March, 189&,
purchased Citizens' Traction Co. at foreclosure sale. Owns 18 mUes
of track. Stock auth., $500,000. President, A. B. Spreckels, San Francisco, Cal.; Vice-Pres., E. S. Babcock; Sec. and Treas., J. A. Flint.
SANDUSKY, OHIO.
SANDUSKY MONROEVILLE BELLEVUE
& NORWALK ELECTRIC RY.-To be a trolley rood.
in 1900 to construct and operate an elecrailway connecting the points named in the title, a distance of
about 2S miles. Grading and power house have been completed and
road is expected to be finished by May 1, 1903.
Date.
In'eres\
Ouisanding.
Mauriti/.
Bonds
Stock
$60<1.000
Stock, $6uO,000 ($100)
--.
5 g
600,000
1925
1st mtge., $600,000, ( 1900
gold ($i,000)
cslnt. at Commonwealth T. I. <S5Tr. Co., Phil., trus.
Offi^.E^S— President, Clark Rude; Vice-Pres.. J. L. Bdiley; Secretary, w. E. Guerin Treasurer, Jas. McLain, 45 Broadway, New York.
Organization- Organized
tric
—
&
MS
^
;
—V.
71, p. 646.
SANFORD. ME.
SANFORD & CAPE 'porpoise
RR.-A
CITY, UTAH.
CONSOLIDATED RY. & PO^VER CO.-TroUey.
Organization— Incorporated in 1901 In Utah to take over and conLake City RR. (chartered Jan. 19, 1872); the Salt
Lake Rapid Transit Co.; the East Bench Street Ry. and the Popperton
Place <k Kt. Douglas Rapid Transit.
interest.
Outstanding. Maturity.
Dale.
Stock & Bonds—
solidate the Salt
$3,000,000
j_j
840,000
Jan. 1, 1913
Guarantee Trust Co., trustee.
c ]
?$i;500,000)
See text
6 F-A
Feb. 1, 1905
Salt Lake City 2d M., M901
$500,000 ($1,0(»0) .. i Wm. S. and C. K. McConnack, trustees.
315,000
Feb. 1, 1 910
Salt Lake Rapid Tran- ) , aan
« w a 5
dd-aj
^^-'^
io8,«00
July 1, 1903
sit
l-t mortgage, >
$500,000 ($100)
) Int. at Am. L. & Tr. Co., Boston, trustee.
Bond*- Entire issue of Salt Lake City Ist mort. bonds subject to call
Jan. 1, 1903, or any Jan. 1 thereafter; from Jan. 1, 1904, to Jan. 1,
1913, one-tenth must be paid yearly; to be called in numerical order.
Under terms of the mortgage, bonds may be issued for extension of
and additions to the mortgaged property at rate of not more than 70
per cent of the cost of such addition and extensions, and the bonds at
any time issued shall not exceed $20,000 per mile for eacli mile or '-..hiI
M
*
.
.
g
trolley
road
Organization— Connects Sanford, Alfred, Lyman, Kennebunk, West
Kennebunk and Kennebunkport, Me., with Cape Porpoise.
interest. Outstanding. Maturity.
Date.
Stock & Bonds—
$250,000
Stock, $250,000 ($100)
5 g. J-J
250,000 July, 1928
1st mortgage, $250,000, ) 1899
Jlnti- at Morton Trust Co., M. Y., Trustee.
$1,000, gold
Bonds are guaranteed for first five years by the Sanford Mills Co.
Road— Road between Sanford and Kennebunk, opened August 19,
and completed to Cape Porpoise, 6 miles further, on Sept. 1 1899;
lotal, 25 miles; laid with 60 lb. T rails; standard guage, and operating
16 passenger cars.
Earnings- For year ending June 30, 1902, gross, $83,873; net,
$24,587; fixed charges, $22,572; surplus, $2,015.
Officers— Pres. and Gen. Man. .Ernest M. Goodall; Vice-Pres.. Frank
Hopewell; Treasurer, Louis B. Goodall; Superintendent, I. L. Meloon.
V. 68, p. 332; V. 69, p. 492.
—
SAN FRANCISCO, CAL.
CALIFORNIA STREET CABLEOrqanization—Chartered Feb. 8, 1877. Annual meeting the secon
Wednesday in July.
&
Outstanding.
Date, interest.
Maturity.
Bonds—
Stock
10,000 shares. )
„
Monthly.
bee ...
text
stock (par. $100)
$60 paid in. )
1890 5g. J-J
$900,000
Jan. 1. 1915
Ist mortgage, gold....
Dividends had been 50 cents monthly, but In August, 1902, were increased to 75 cents.
Road— Operates ll^s miles of track on 512 miles of street.
Officers— President. J. B. stetson; Vice-President, A. Borel;
Secretary, W. E. Grlttith; Treasurer, A. Borel & Co.; Supt., J. W. HarOffice, San Francisco. Cal.— V. 75, p. 238.
ris.
,
;
SALT LAKE
Stock, $4,000,000 ($100)
Salt Lake City 1st
^ ^393
President,
SAN ANTONIO, TEX.
SOUTHERN LICHT & TRACTION CC-
Organization— Incorporated
ST.
Stock, $50,000.
Wm
St.
Road.— Operates 19% miles
1239, 1280; V. 73, p. 33, 185, 338.
by the American Light & Traotion Co.
Organization— Incorporated in 1899 as a consolidation of the San
Antonio Traction Co. and the San Antonio Gas & Electric Co. The
Traction Co; is a consolidation of the San Antonio Street Ry. Co. and
the San Antonio Edison Co. The Gas & Electric Co., in turn. Is a consolidation of the San Antonio Gas Co. and the Mutual Electric Light
$816,503 Co., and does the entire gas and electric business ol the city. These
6,216 properties were financed by Emerson McMlUin & Co., New York. In
1901 acquired by purchase the Alamo Heights RR. and liquidated it;
$822,719 also acquired the West Side Electric St. Ry., and now own and oper-
$1,694,393
$525,630
Deficit
Officers.—President, Murray Carleton; Vice-President, Corwin H.
Bpencer; 2d Vice-Pres., A. B. du Ptnt; Sec. and Treas., James Adkins;
Auditor, Frank R. Henry; Qen'l Supt., John Grant. Directors, Murray
Carleton, Patrick Calhoun, C. D. McLure. H 8. Priest, A. H. Bauer,
Eugene Delano, Corwin H. Spencer, F. E. Marshall, James Campbell,
A. D. Brown. Geo. L. Edwards.— V. 70, p. 126, 281, 382, 481, 634, 688,
A trollej' roau.
constructed, equipped and In operation. After debt reaches $1,000,000
no bonds can be issued unless the net earnings for preceding 12
months are sufficient to pay 12 per cent on all bonds outstanding and
12 per cent on the bonds proposed to be issued.
None of the second mo rtgage bonds have beenlssued, the entirelssue
being reserved to take up the bonds of the Salt Lake Rapid Transit Co.
Road—The Consolidated Company owns and operates 72*83 miles
of track, including double track, sidings, etc.
Officeas- President, C. L. Rood; Vice-President, W. P. Read; Secretarv and Treas., Joseph S. Wells; Supt. and Purch. Agt., W. P. Read.
r
'
GEARY STREET PARK
&
OCEAN RR.-
OrQanization— Incorporated Nov. 8, 1878. Annual meeting first
Wednesday after second Tuesday in April. Franchise expires in Nov.,
1903, but a
Stock
&
new franchise
Bonds—
is
expected before that time.
Date,
Outstanding.
interest.
Maturity-
See text.
^^^^l^tl^^^^' \
Oct.
$671,000
1, 1921
iQtlVl
«1 nno 000 goia
irold .. 51891
M., $1,000,000,
ist
J California 8.D. & Tr. C, San Fran., Trustee.
JJi)nd«— $10,000 is payable into a sinking fund annually after 1911,
for ledcmption of bonds.
iK»ide»ids— Payments are In 50 cents per share. In 1895, 6 dividends
of .50 cents paid; in 1896, 5 dividends; in 1897, 3 dividends; in 1898,
6 dividends; in 1899, 6 dividends; in 1900, 6 dividends; in 1901, 5 divi._...i
dends of 50c. and one of $1. In 1902, 5 dlvldenls of 50 cents.
Stock (par $100)
\
5gA-0
STREET RAILWAYS.
IVIAP
OF THE
UNITED RAILROADS
OF
SAX FBAXCISCO.
Three lines extend beyond the westerly
border of this map to the pacific ocean.
83
STREET RAILWAYS.
84
Road—Owns 4 miles
ot double-track cable road laid witli 72-lb. rails.
Piatt; Vice-President, Adam Grant;
Derby; Treasurer, E. C. Wright. Office, Crocker
Officers— President, H. G.
Secretary, Richard
Building, San Francisco.
UNITED RAILAVAYS INVESTMENT CO. OF
SAN FRANCISCOOrqanization,—This company was incorporated under the laws of
New Jersey on Feb. 17, 1902. It acquired from a syndicate, of which Brown Bros. & Co. were the managers, the following
shares of stocks of street railway companies In the city of San Francisco up to December ai, 1902:
the State of
Shares
Total
Par
Shares
Value.
Acquired,
Name of Oompany —
$100
185,929-27..Market Street Railway Co
100
19,888
..Sutter Street Railway Co
10
22,846
.. Sutro Railroad Company
S San Fraucisoo
& Sau Mateo ) ,'^""
tnnnn
^^
lo.oou
^
Electric RaU way Company. ^
238,6<J3-27
—together with $1,800,000 in cash.
issued
not
shares. Acquired.
240-73
186.170
20,000
23,108
^nn^tn
lu.uuu
112
262
239,278
614-73
Road.— Controls and operates 244-56 miles
cable, 5627 miles; electric. 176*25 miles
8-10 miles. Total, 244-56 miles.
—
Pref.,5%cum,fromApr.l,)
15000000
lO.UW.UUO
1902, $15,000,000 ($100) J
Stock.— The preferred stock can be retired at 110.
D»ridend#.— First dividend of 1^ p. 0. on preferred stock was paid
Jan. 3, 1S03.
Officers— President, Henry J. Bowdoin, Baltimore, Md.; VlcePres,, W. Gerard Vermllye, Englewood, N. J.; Sec. and Treas., W. J.
Duane, New York.— V. 74, p. 428, 479, 529, 630, 831, 885, 938. 1039.
1091; V. 75, p. 343. 734, 795.
Incorporated in California on Feb. 5, 1902, and through the instrumentality of the United Railways Investment Comiiany of San Francisco had acquired up to December 31, 1902:
Total
Shares
Shares
Par
issued
not
—
Acquired.
Name of Oompany
Value.
shares. Acquired.
185,929 27..M:arket Street Railway Co
240-73
$100
186,170
19,888
..Sutter Street Railway Co
100
20,000
112
22,84t)
..Sutro Railroad Company
10
23,108
262
Mateo } inn
> San Francisco & San
A tu\n
i n nni\
lO.OOO
10,000
^""
^
Electric Railway Company.
-I
J
238,663-27
239,278
614-73
entire share capital (all but 9 shares of common to qualify
directors) of the United Railroads of San Francisco Is held by the
United Railways Investment Co. of San Francisco. V. 74, p. 630.
Date. Interest.
Outstanding.
Maturity.
Bonds—
Stock
The
&
r
9^2
$20,000,000
20,000,000
4g. A-O. 20,000,000
&
PRESIDIO & FERRIES RAILROADOrQANIZATION—Chartered Jan. 6, 1882.
Date. Interest.
Outstanding.
Stock & Bonds—
3tock(par,$100)
Istmort
«250OOO
1st
mort., $250,000...
.
.
A-O
M
M
.
M
M
($1,000)
5
Oal. Title, Ins.
& Tr. Co., San Fran., trustee.
Bonds.- Of the $35,275,000 sinking fund gold
48, $9,866,000 are reserved to retire underlying liens (the other $4,725,000 needed for
that purpose being provided by the operation of the sinking fvmds), and
$5,409,000 for extensions and Improvements. A sinking fund equal
to 2 per cent of the entire gross earnings, but not less than
$100,000 a year, begins Jan 1, 1905. All the income above 5 per cent
on the common stock must also be applied as a sinking fund or for
Improvements. Prior lien bonds sut)jeei to call: The Market Street
Ry. bonds are subject to call after Sept. 1, 1918; of these bonds,
$1,500,000 still In the treasury of the company; Park & Ocean RR.
are subject to call after Jan 1, 1890, and Sutter Street Ry. after May
1, 1908; Market St. Cable, any time after 1893.
Latest Earnings income account for the year ended Deo. 31,
1902. Statement of income of tlie companies comprising the United
Railroads of San Francisco, Jan 1, 1902, to March 20, 1902, and of
the Unit«d Railroads of San Francisco from March 20, 1902, to December 31, 1902.
Gross earnings
$5,533,903 65
Operating expenses and taxes
3,274,128 71
Net earnings
Other income
$2,259,774 94
31,312 39
Total Income
Deductions from Income
$2,291,087 33
2,406 59
Net Income
Fixed charges:
'Interest on bonded debt
Sinking fond reserves
$2,288,680 74
Total fixed charges
Surplus
$1,324,049 88
114,000 33
1,438,050 21
$850,630 53
Inolud<ifl Interest for one year on $13,091,000 underlying bonds
assumed, and interest from April 1, 1902, on $20,000,000 sinking
fund 4 p. 0. gold bonds.
*
6
J
M&N
Maturity.
See text.
Tfe^s'^SawTn.'l
$105,000
1911
California 8. D. &Tr. Co., San Fran., Trustee.
Road— Operates ll^a miles of road as follows: Cable, 7^2 miles; horse,
2 miles; steam, 2 miles; total track, ll^s miles.
Dividends of 20 cents per share are paid monthly.
Officers— President, G. A. Newhall; Secretary, John B. Leighton.
Office, corner Union and Sharp streets, San Francisco. —V. 76, p. 436.
^
SAO PAULO, BRAZIL.
THE SAO PAULO TRAMWAY LIOHT &
Map on page
An
PO"WER CO., 1JTT>--
< See
Organization— Incorporated in theTProvlnoe
1899, and comprises an extensive system of
4j.>electric road.
of Ontario, Canada, in
electric roads in Sao
Paulo, Brazil.
&
Date,
interest. Outstanding.
Maturity.
Stock
Bonds—
Stock, $7,000,000, $100
$7,000,000 Jan.,'03,134%
Ist mort.. $6,000,000, >
1900
5 g. J-D
4,129,000 June, 1929
gold (i500)
c* S National Trust Co., Ltd., Toronto, Trustee.
Sonrfs— Interest is payable at the Canadian Bank of Comaaerce in
London. England, and Toronto, Ont No sinking fund; and bonds are
not subject to call.
Dividends— la. 1902, July, 1»4 p. c; Oct., 1>4 p. 0. In 1903, Jan.
\H
p. 0.
Earnings— For calendar year 1902
Gross, $1,123,285
net, $705,369; interest, etc., $250,000; dividends. $238,978; surplus, $216,391.
In 1901 Gross; $749,214 net, $286,438.
Road— Operates 63 miles of track, all in city of Sao Paulo, Brazil.
90- lb. girder and 55 and 62,lb. T rail. Extensions are under con:
:
;
;
struction.
Oficers- President, William Mackenzie; Vice-Presidents, FredNichoUs and A. Mackenzie; Sec. and Treas., J. M. Smitli; all of
eric
Toronio; Manager, Jas. Mitchell, Sao Paulo.— V. 74,
p.
1039; V. 76,
p. 103.
SAVANNAH,
ELECTRIC
SAVANNAH
Georgia
Incorporated
GA.
CO.-A trolley system.
in
In Dec, 1901, as a conOrganization—
solidation of the City & Suburban Ry., tl^e Savannah Thunderbolt
Isle of Hope Ry., Savannah & Isle of Hope Ry. and the Edison Electric
Illuminating Co., comprising the entire street railway and electriclighting service of the city. Franchises for both street railways and
electric-Ughtlng plant are perpetual. Bonds and stock were in July,
1902, listed on the Boston Stock Exchange.
Date. Interest. Outstand'g.
Maturity.
Bonds—
Stock
&
&
Common, $2,500,000, $100
82,500,000
Pf.,$l,000,000,6%n.c.$100
1,000,000
5 g. J-J
1,500,000 Jan. 1, 1952
1st CODS. M.. $3,500,000, ) 1902
Tr. Co., Boston, Trustee.
gold ($1,000 & $500)..c* S Int. at Am. L.
Sav. Thun. & Isle of H. o* > 18y7 4our. O-J $1,000,000 July 1, 1947
Trustee, Central Trust Company, New
1st M..g., ($1,000) $1,York.
250,000
)
Bonds— Of the Savannah Electric Co. new mortgage. $1,000,000 are
reserved to retire a like amount of bonds of the Savannah Thunderbolt
Isle of Hope Railway. Bonds can be called as a whole at 110 and
accrued interest. The company binds itself to apply at least $20,000
per annum after 1905 towards improvements or extensions, or in the
purchase of bonds. The City <fe Suburban Ry. has outstanding $250,000
of 6 per cent bonds, but as these are to be purchased or exchanged upon
presentation, tee omit them from above statement. Another million of
the new bonds (increasing the amovmt to $3,500,000) may be issued for
new construction and equipment at rate of $1,000 bond for $1,250 in
cash spent. The mortgage of the Savannah Thunderbolt & Isle of Hope
Ry. is for $1,250,000, but $250,000 of the bonds has been retired.
Slock —The 6 p. 0. pref. stock is subject to call at 120 at any time.
Earnings— Of the combined properties for year ending Dec. 31,
1902: Gross, $480,510; net, $212,519; Interest, $115,000; surplus,
$97,519. In 1901: Gross, $434,293; net, $169,301.
Road— Operates 54 miles of track in Savannah and vicinity. Numerous extensions and new lines are proposed.
Officers -President. Geo. J. Baldwin; Vice-President, A. Stuart
Pratt; Treasurer, Henry B. Sawyer; Secretary, A. S. Minis; Assistant
Secretary, H. R. Hayes; Assistant Treasurer, L. A. Bowers; General
Managers and Transfer Agents, Stone & Webster. Boston. -V. 73, p.
1358; V. 74, p. 42, 152, 207, 1039; V. 75, p. 78; V. 76. p. 332.
&
&
Aprlll. 1927
or at New York.
Sinkine fund eold bonds
at company's office,
«l5 275
nno A
oom \ Interest
;>do,z
(i,ooo)
/o.uuo
Union Trust Co., San Francisco, trustee.
^
3,000,000
Jan.l, 1913
^Mi!$l!oOO^go1(L^--^^o.^^8S3 6g. J-J
Omnibus Cable Co.'ls'tM' 1888 6
2,000,000
Apr. 2, 1918
Park &CUflf House 1 St
1887 6 J -J
350,000
Jan. 1, 1913
- S
Powell Street 1st M. . .
1887 6
700,000
Mar. 1, 1912
Park & Ocean Ist M... 1884 6 J -J
250,000
Jan. 1, 1914
- S
Ferries & Cliff H. 1st
1889 6
650,000
Mar. 1, 1914
Market Str. Ry. consol..
M. for $17,500,000 g. 1894 5g. M-S
6,641,000
Sept.1,1924
Interest is payable at Treasurer's office, San Francisco.
-N
Sutter St. Ist M. gold ) 1888 5
1,000,000
May 1, 1918
M
;
Officers.— President, Arthur Holland; Vlce-Pres.. Chas. HolbrookJ
Secy.
Comptroller, Geo. B. Willcutt; Treas., Geo. E. Starr; Gen. Mgr.
G. F. Chapman.— V. 74. p. 428, 479,529, 630, 831, 885, 938, 1039, 1091'
1356; V. 75, p. 78, 795; V. 76, p. 160.
UNITED RAILROADS OF SAN FRANCISCO.
— {See Map on page SS.)— Trolley and cable.
Pf.,4%cum.,*!20,000,000
of track, composed of
horse, 3-94 miles steam,
For these stocks and cash
it delivered to the syndicate Its entire capital stock ($25,000,000), together
with its obligation to deliver up to $20,000,000 4% sinking fund gold
bonds (subsequently delivered) of the United Railroads of San Francisco, a California corporation. The above stocks, together with
$1,600,000 in cash, were turned over to the United Railroads of San
Francisco, the United Railways Investment Company of New Jersey
receiving in payment therefor $20,000,000 4% sinking fund gold
bonds, $20,000,000 cumulative preferred 4% stock and $19,999,100
common stock of the United Railroads of San Francisco.
Cash was deposited with the Union Trust Company of San Francisco and the Bank of California to take up the unacquired
shares of the constituent companies, as presented, in accordance
with terms of sale to United Railways Investment Company.
preferred stock and $19,999,100 common stock of the
$20,000,0
United Railroads of San Francisco is owned by the United Railways
Investment Co. In Oct., 1902, both common and preferred stocks
were listed on the New York Stock Exchange. V. 75, p. 795.
Date, interest. Outs/and'g.
Last div.
Stock
Common, $10,000,000($100)
,.
$10,000,OOOJan.,03,l*.i%
Common, $20,000,000
;
SCHENECTADY,
SCHENECTADY
N. Y.
RAIL^VAY-AtroUey road.
Organization— A reorganization on Feb. 11, 1895, of the Schenectady Street Railway Co., which was chartered in 1886. Controls the
entire street railway and electric light business in Schenectady and
suburbs. Owns all the stock of tlie Schenectady Hluminating Co.,
which is deposited as additional security for the bonds of 1901. Franchises unlimited. The General Electric Co. owns all the stock of the
Schnectady Ry. Has trackage rights over the United Traction Co.'s
tracks into Albany and Troy. Franchises perpetual.
N. W. Harris & Co., N. Y., and Perry, Coffin & Burr offered $500,000
bonds for sale in Jan., 1903. V. 76, p. 266.
Outstand'g.
Date.
interest.
Maturity.
Bonds—
Stock
$600,000
Stock ($600,000), $100
Sept. 1, 1941
2,000,000
^™ 1=+ ™«,.t „«irt C 1901 4i«g.
New
S^nnn
«i"'n^n «; I In*- at Mercantile Trust Co. N. Y., Trusteee.
$.i,ooo,ooo, !t>i.oou.o
^ jyj^y ^Jg red.on & after Sept. 1.1911.at 1 10 & int.
Latest Earnings— For year ending Dec. 31, 1902: Gross, $573,770;
net, $187,0i!4; interest, $90,000; surplus, *97,024.
Road—Total track owned and operated 67.6 miles. Including extension to Albany of 12 miles (double track), completed In Sept.. 1901,
and Hue to Troy 12 miles double track completed in Nov., 1902.' An
extension to Ballston (double track) and new local extension are now
under construction. 70, 75 and 78 lb. T O'lid girder rail.
Officers— President, Hlnsdill Parsons; Vice-President B. H. Fraser;
Manager, E. F. Peck; Secretary-Treasurer, Jas. O. Carr, all of Schenectady.— V. 72, p. 242; V. 73, p. 338, 445, 495, 554, 1011; V. 74, p. 96;
V. 75, p. 1148, 1303; V. 76, p. 266.
&
MS
A^
STREET RAILWAYS.
85
STREET RAILWAYS.
86
SCRANTON, PA.
LACKA^WANNA &
RAPID transit-
Stock
Organization— Incorporated under the General Laws ol New Jersey
In Oct., 1900, to build an electric road from Carbondale southwest
about 35 miles, via Soranton and Flttston, to Wilkesbarre.
interest. Outstanding. Maturity.
Dale.
Stock and Bonds—
$6,500,000
Stock, $6.500 000 ($100)
See text. Aug. 1, 1951
5 g. F A
Col. trust mtse. .*1,000),) 1901
Int. at Standard Trust i.o., N. Y., Trustee.
gold, $5,000,000
S
Bonds- On Nov. 1, 1902, about two-thirds of the bonds had been
Issued; the balance la being Issued as construction progresses.
Road— In .Tan., 1903, the road was weU under construction, being
iald with 90-lb. rail. 70 miles track, standard-gauge, of which about
15 miles completed from Scranton through Flttston towards VViikes*arre In Nov., 1902.
Officers— Preaidint, Geo. C. Smith, Pittsburg; Vice-Pres., William
B. Simpson, OUCity; Treasurer. H. J. Conaut,
Connell, Scranton, and
New York; Secretary, Dudley Phelps, New York.— V. 71, p. 13; V. 72,
p. 872, 988; V. 73, p. 184.
i
SCRANTOlSr RAIL^WAY-A trolley road.
Organization- On Jan.
1,
1897, assumed
all
the assets and
liabili-
Scranton Traction Co., etc- V. 63, p. 1064 V. 64, p. 85.
The company owns all the stock of the Carbondale Ry., the Plttston
Scranton St. Ky. and the Lackawanna Valley Traction Co. and practloally all of the stock of the Scranton & Pittston Traction and the
Scranton & Carbondale Traction; also the entire issue of the new Carbondale Ry. mortgage ($300,000).
2Iatnrity.
Stock & Bonds— Par. Date, interest. Ontstand'g.
Stock ($6,000,000).. $50
$3,000,000 Sept.. 1900,1 ^c
Soranton Trac. 1st
Nov. 1, 1932
^1 000 lg92 g g.M-N 1,000,000
goid.no option c' >^'^*^^®^'^ ** ^- ^- ^^^^ ^ ^^' PliUadelphla.
Scran.'Pas.Ry.l8tM.l,000 1890 6 M-N
100,000
May 1, 1920
200,000
Scranton Sub. 1st ) SOOao 1890 6g.M-N
May, 1909
M.,g.,gu.,p.cfel.c* J Trustee, Farmers' L. & T. Co., N. Y.
Peop'sSt.Ry.lstM.g.1,000 1888 6g. F-A
200,000
Aug. 1, 1918
gen. M., gold .... 1891 6g. J-D
Do
100,000
Deo. 1,1921
Scranton Ry.M., $2,500,-) 1897 5g. J-J
900,000
Nov. 1, 1932
000, sold ($1,000)
CM Trustee, Continental Trust, N. Y. City.
Scranton Ry. gold col. ) 1900 5g. J-J
$500,000
Nov. 1, 1932
trust *500,000 ($1,000, >Prov. Life & Trust ('o., Phila., trustee.
$500) 0*
) Int. (X) at office in Scranton, or ag'cy. Phila.
xFree of United States and Pennsylvania State taxes.
Bonds— Oi the $2,500,000 Scranton Ry. mortgage .'is of 1897, $1,600,000 are reserved to retire xirior bonds at maturity. The collateral trust
bonds can be called at any time at 105 and interest on 30 days'
notice furthermore the right is reserved to call in and exchange the
bonds at anytime before maturity for bonds bearing the same rate of
Interest "which may be issued by a consolidated street railway company controlling by consolidation or lease the street railway lines
represented by the securities pledged." The securities pledged conties of the
;
A
.
.
the stock ($450,O» 0) and the entire issue ($300,000) of the
Carbondale Hallway Co. mortgage of 19011 also $498,700 out of the
$500,0t stock of the Scranton tfe Carbondale Traction Co.; $943,775
out of the $976,125 stock of the Scranton & Pitt ^ ton Traction Co.;
likewise $60,000 out of the $355,500 bonds of the latter.
Dividends—"Diet first dividend of 1 p. c. was paid Sept. 1, 1900.
Strike.— T^iet company suffered from a strike of its employees from
Oct. 1, 1901, to April 1, 1902.
Road— Owns and operates all the street roads in and around city of
Scranton, having an aggregate mUeage as foUows
Miles, Lackawanna Val. Trac
Owned
394
38'10 Carbondale Railway
Scranton Railway
1525
Miles. Pittston <fe Scranton St. Ry.
Leased
203
12'44
Scranton & Pittston
4 92
Scranton & Carbondale
Total system
7668
Report—The following (for years ending June 30) covers the operations of all Hues controlled for 1901, but for 1900 includes leased
lines for May and June, 1900, only; for periods before that results
include the Scranton Ry. alone,
Orobs
Net.
Taxes.
Interest.
BaL, Sur.
;
—
1901
1900
1899
$259,564
$19,200
$200,880
$39,484
224,066
13.700
140,523
69,843
198,240
11,000
127,579
59,661
Officers— President. C. M. Clark; Vice-President, E. W. Clark Jr.,
Seo'y and Treas.,C. Ford Stevens, Bullitt Building, Phila.; Gen. Men.,
Frank SilUman, Jr., Scranton, Pa.— V. 64, p. 85; V. 67, p. 127; V. 68,
p.
$614,022
464,807
393,566
674; V. 71,
p.
492; V. 73, p. 1265.
>•
,
W
(2)
SCRANTON & CARBONDALE TRACTION-A trolley road.
Organization- Scranton RaUway Co. leases this company for fifty
years and operates tlie road and furnishes the power. Earnings are
now Included in Soranton Railway report.
Stock
&
Bonds—
Miles. Date,
interest.
Oulstand'g.
;
".
SCRANTON & PITTSTON TRACTION.— A
Organization— Chartered
Sept., 1893,
and on
trolley road.
Oct. 5, 1893, leasea
50 years to Scranton Railway Company; has since been
purchased by the Scranton Railway Company. The Pittston
for
Company owns
Lackawanna Streei
Street Railway, and a
majority of the capital stock of the Pittston Suburban Passenger
Elailway, operating their properties under lease.
the entire capital stock of the
Railway and the Pittston Jenkins
& Avoca
Ontstand'g
interest.
Maturity.
6g. A-O
1893
trolley road).
This company, which was Incorporated in the State of Washington
on January 3, 1900, is a consolidation of nearly all the street railways
(all except one smaU road) and electric-light interests in and around
the City of Seattle. In 1900 was granted a 35-year franchise over all its
lines, bat must sell 25 tickets for one dollar. In February, 1901, the
Ist mtge. bonds were listed on the Boston Stock Exchange. Guarantees the Seattle Railway Co bonds, principal and interest. The following companies have been acquired:
Seattle Traction Co.
Third St. & Suburban Ry. Co.
West St. & North EndElectric Ry. Union Electric Co.
Kurke Block Lighting Plant.
Madison St. Cable Ry. Co.
First Ave. Cable Ry.
Union Trunk Line.
Consumers' Electric Co.
Grant St. Electric Ry.
Green Lake Electric Ry.
James Street Construetlon Co.
North Seattle Cable Ry.
The Seattle Railway Co.
Seattle Steam Heat & Power Co.
Date, interest. Outstanding. Maturity.
Bonds—
Stock
St'k, $5,000,000 com. ($100)
$4,600,000
Stock, $3 0()0,000, pref. 6 )
o 000 000 oot.
^o^
Ont '02
3,ooo,ooo
0^3%
per cent nou-cum ($100) ^
5 g F-A
1st VI. .*5,000,000, gold..c* ( 1900
4,518,000 Feb. 1, 1930
($1,000)
< Int. at Boston Safe Dep. & Tr. Co., Trustee.
B'ir.ds— The mortgages on most of the consolidated companies have
been discharged, and companies turned over to the Seattle Electric
Co. outright; the others are operated by the Electric Co. as owner of
practically all of the stock and bonds. Of the new mortgage $482,000
can be Issued only for actual additions and for not over 75 p. c. of
cost of same. Sinking fund 1 p. c. of the entire amount of bonds
outstanding is payable yearly. Bonds can be called at any time at 110
&
—
and
interest.
Preferred stock is redeemable at 1 20,
Dividends—First rtiv. of 1^ p. c. on pref. stock was paid April, 1901.
Dividends changed to half-yearly, and 3 per cent paid Oct. 1, 1901; In
Stock
1902, April, 3
p.
c; October, 3
p. c.
Road— Operates 82>n miles of track. Numerous extensions proposed.
Report— For calendar year 1901 as follows: Gross, $1,499,137;
net, $52i,738; charges, $221,113; surplus, $302,625.
Officers— Pres., Jacob Furth; Vlce-Pres. and Treas., Henry B.
Sawyer; Ass't Treas., F. Dabney; Sec, Geo. Donworth; Ass't Sec, H.
R. Hayes; Gen. Mgr., Howard F. Grant; Gen. M'g'rs and Tran. Ag'ts.,
Stone & Webster, Boston, Mass.— V. 73, p. 664; V. 74, p. 207.
(1
)
SEATTLE RAILWAY CO.—A cable road.
Organization-This was formerly the Seattle City Ry.. which, together with Leschi Park, was purchased at foreclosure sale on Sept.
21, 1901. In October, 1901, was re-inoorporated in Washington under
the above
title.
&
Stock
Bonds—
Date.
interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
Ist M., $=.00,000, gold,
($1,000) c.*,guar.p&l.
$50,000
5g. M-N
500,000
Nov. 1, 1921
5 1901
( Int. at Boston Safe Dep.&TrCo.,Bo8t., trustee.
Bonds— •'^inking Fund la one percent annually; bonds can be called
at 110 and accrued Interest on two weeks' notice.
Road Owns about 5 miles of cable road on 5 miles of street in
Seattle, known as the Yesler Avenue and Jackson Street lines. V. 72,
—
p. 873; V. 73, p. 186, 237, 49-5, 664, 785,
SEATTLE & RENTON
1062.
RY.-TroUey.
Organization— In 1899 purchased the road and franchises of the
Seattle & Rainier Beach Ry., formerly the Rainier Ave. El. Ry. foreclosed. The Seattle & Ranier Beach, however, maintains its corporate
existence. In February, 1903, the Seattle Renton & Southern Ry.
made a mortgage to the Merchants Loca & Trust Co., Chicago, to
secure $200,000 of 5 p. c. $1,000 bonds, $105,000 of which are to
etire existing bonds.
Stock
&
Bonds—
Date,
interest.
Otitstand'g.
Maturity.
$100,000
90,000 June 1, 1914
5 J-D
mortirae-e $150,000
$150 000^899
First mortgage,
^ ^^^^^ g^ ^^.^^^^ ^^^ Boston, Trustee.
Road— Operates 12-35 miles of track, extending from Seattle
through Columbia City and Dunlap to Renton. Rails, 30-56 lb. T and
girder. Franchise runs till 1915.
Officers.— President and Gen. Mgr., F. H. Osgood; Vioe-Prest., H.
Chapln; Secretary, W. A. Peters.
Stock, (par, $100) ($100,000)
PUOET SOUND ELECTRIC
RY.
New
Jerse.v on Deo. 5, 1902, with
a nominal capital of $3,000, which was later increased to $4,500,000
($100), *1, 000,000 belQg 6 p. c. preferred, to couSi)lldate under one
Organization.— Incorporated
in
system the Seattle-Tacoma Interurban Ry. of 37 miles and the Tacoma
Ry. & Power Oo. of 61 miles- total mileage, 98 miles. Is owned and
controlled by the Stone & Webster Syndicate of Boston, which also
controls the Seattle Electric Co. Details not ready In Feb., 1903.
SEATTLE-TACOMA~INTERURBAISr
using third
Organization— Organized in 1901 in Washington.
be merged into the tiew Paget Souud Electric Ry.
Stock
&
RY.-Is
rail.
Bonds—
Date, interest.
Stock, com., $1,500,000 ($100)
Slock, pref., 6 p c, non-cum )
Will probably
Oulstand'g.
Maturity.
$1,500,000
cnn c\n
000,100
.$500,000(^100)
\
Ist M., $2,000,000 ($1,000) } 1901 5 g.F-A
2.000,000 Feb. 1, 1931
gold
c* ( Int. payable atOld Col. Tr. Co., trustee.
Bonrfs— $650,000 are reserved for future requirements at 80 percent
of cost of the same. A stinking fund of 1% of bonds becomes operative
after Aug. 1, 1906; all bonds held by the sinking fund are to remain
alive and to bear inlerest. Entire issue may be called at any time at
110 and accrued interest, and sullicieut bonds for the sinking fund
requirements may be called when necessary.
Road— Comprises a line from Seattle to Paooma, a distance of 37
miles, over private right, of way. Regular train service between
1902. Rails 70»lb. T- Will carry
tlie two citiet inaugurated Sept
both freight and passengers. Uses third rail.
Officers— President, Jacob Furth; Vice President, A. Stuart Pratt;
Treas., H. B Sawyer; Ass't Treas., F. Dabney; Sec, G. Donworth; Ass't
Sec, H. R. Hayes; Gen. IMgrs. & Tran. Ag'ts. Stone & Webster, Boston,
Maas.-V.70,p.l096; V.71, p. 28B, 699; V.72, p. 989, 1035; V.75,p.734,
,
,
Maturity.
Stock
$500,000
iBtM., $1,000,000, g.,) 5
1893 6 g. J - J
150,000 Jan. 1, 1923
"fel.OOO
o*> Interest at E. W. Clark & Co., Philadelphia.
Free of State tax.
)
Bonds lor $100,000 are reserved for power plant, if required, and
f 750,000 for purchase of other railroads and new property.
Road— Owns road extending from Scranton to Archbald, Pa., about
6 miles connects witli Carbondale Railway to Carbondale.
(.3)
Date,
15
SEATTLE, ^ATASH.
THE SEATTLE ELECTRIC CO.-(A
I
(1) CARBONDALE RAILWAY— A trolley road.
This Is the old Carbondale Traction Co., which was sold at foreclo-sure in 1900. The Scranton Railway Co. owns all the stock of the
Carbondale Railway, also the $300,000 5 p. c. gold bonds, due June
1, 1926. Road is leased to Scranton Railway.
Date, interest. Ontstand'g. Maturity.
Stock & Bonds—
Stock auth., $450,000) ($50)
$450,000
Ist M., Carbondale Traction ) 1892 6gJ-J
150,000 July
_ 1, 1922
Co., c* & r. ($150,000), gold Interest at Central Trust Co trustee,
($500 & $1,000)
New York City.
>
Carbondale R'way, 1st mort-) 1900 5 g. J-D
300,000 Junel,1926
gage, $300,000, gold, regis- ^ Int. at E.
dark & Co., Philadelphia.
tered
)Geo. L. Estabrook, PhUa,, trustee.
BONDS-First mortgage of Carbondale Traction, due 1922, has a
sinking fund of $2,500 per annum after July 1, 1895, but bonds cannot be called The rewl)onds due 1926 have noslnkingfund, butoanbe
called at any time at 105 and accrued interest upon 10 days' notice.
Road— System includes 15 miles of road, beginning at Forest City,
Fa„ and running through VaudUng, Rlchmondale, Wilson Creek
Simpson, Carbondale, Maytleld, Jermyn, Archbald to Peokville, where
It connects with Scranton lines.- V. 69, p. 1061; V. 70, p. 75.
Bonds— -Iftie*.
$976,125
*355,500 Oct. 1,1923
(
< Interest (x) at Union Trust (Trustee), Phila.
Nos.
gu. by Scran. Tr. (
1 to 400 $1,000 each and Nos. 401 to 650 $500.
X Both principal and interest are payable free from all United States
and State of Pennsylvania taxes.
* 0( the bonds outsiandlng $295,500 are guar, by the Scranton Ry.
Road— Owns and operates 1212 miles of track, uniting Scranton
with Greenwood, Mooaic, TaylorvlUe, Avoca. Pittston and Readham.
Earnings- Earnings are now included in Scranton Ry.
;
sist of all
dk
Stock (par $100)
Mort. $525,000, g.,
$1,000 & $500 o*
VALLEY
^V"YOMI]Sra
,
1255.
STKEET RAILWAYS.
SEDALIA, MO.
RAIL^WAY & ELECTRIC CO- OF SEDALIA.foreclosure
sold
itr
at
the old Sedalia Klectric & Railway Co.
and bousht by the bondholders. Company was organized In May, 190» with $250,000 stock.
Road— Elec. Rv. L. & P. owned 12 miles of single track; Brown
Springs, 3 miles; total. 15 miles. V. 67, p. 4S3; V. 70, p. 231, 382, 430;
V. 72, p. 242,582,1189
TWs l9
March,
l^^Ol,
,
SHAMOKIN, PA.
ELEC RY-CARMEL
SHAMOKIN & MT.
plans were imder way
In June,
Chartered Oct. 18, 1R92.
increasing capital stock, building
Stock
&
Bonds—
Date,
for
1902,
mileage, etc.
Outstanding.
interest.
new
Maturity.
$700,000
Dec. 1, 1923
300,000
1893
6 J-D
Bonds
Road— Shamokin to Logsville, Green Ridge, Mt. Carmel, Cunningliam and Centralia, 19'25 miles of track; operates 22 cars.
Earnings—For fiscal year ending June 30:
87
15, 1899, absorbed all the other Sioux City lines, and now
of road, including the elevated (Sioux
City Transit), the Central Tracion, the Riverside Park, the Sioux (31ty
& Leeds Electric and the South Slotix City Traction Co.
Maturity.
Date. Interest. Outstanding.
Stock
Bonds
$1,?00,000
Stock, $1,200,000 ($100).. .
JiUy 1, 1919
750,000
5 g. J-J
tflt
«7^noon irnirt)1899 Bank
of Montreal, Chicago, or New
^**!.'J >Int. at
/*! nA«f
<*-^'*'°°'
® S
York, trustee.
Road— Operates 42 miles of track. Cars. 81, of which 61 motors.
On May
owns and operates 42 miles
—
&
M
'
Earnings—For fiscal year ending May
Tares c6 Int. Rental, dc. Bal., Vef.
$13,049
$38,572
$12,169
$37,692
$71,479
1902
Officers— Pi esident, G. M. Smith, Mount Carmel, Pa.; Vice-President, D. Rfbstock, Lebanon, Pa.; Secretary, N. 8. Snavely, Lancaster
Junction. Pa.; Treasurer, C. Smith. Annville, Pa.
Xei.
Gross.
SHARON,
PA.
YOU NGSTOWN. SHARON
RY. & L'T CO.-
Trolley.
Organization.—Incorporated in New Jersey on Dec. 5. 1900, for the
purpose of construction, operation, ownership and control of street
railways, gas, water and electric properties. From a central power
station at Younjrstown distiibutes electricity in Younpstown, Gtrard,
Struthers, Lowellsville and Hubbard, Oliio; snd Sharon, Sharpsville,
South Sharon and Wheatland, Pa.; also has three rotary sub-stations
situated in Youngstown, Ohio, and in Sharon and New Bedford, Pa.
&
Maturity.
interest.
Outstand'g.
Date.
Bonds—
Stock
$2,500,000
Stock, $2,500,000 ($100)
Jan. 1, 1931
5 g. J J
2,468,000
1st mtge. $2,500,000 ) 1900
($1,000) gold, s.f..c' 5 Int. at N. Y. See. & Tr. Co.. N. Y., Trustee.
5 g. Mar.
500,000 Mar. 1, 1927
2d M.. inc., $1,000,000? 19ol
c5Int. at N. Y. Sec. &Tr. Co., N. Y.. Trustee.
gold ($1,000)
£ond«— First mortgage bonds can be called at 115 and accrued interest on any interest date. They are a first lien on all the properties of
the company, including substantially all of the capital stock of the
Sharon <s New Cas'tle Railways Co. and substantially all of the capital
WheatWater Co.. the Sharon
slock and bonds of the Sharon Gas
land St. Ry., Sharpvllle Electric Lightco., the Shenango Valley Electric Light Co., the Youngstown & Sharon Street Ry. Co, the Youngstown Consolidated Oils & Electric Co., the Valley Street Ry. Co. and
all the bonds of Merchants' Light, Heat & Power Co. and the Shenango Valley Street Ry. Co. The second mortgage Incomes are a second Jien on the same properties, and may be called at par and accrued interest on any interest date.
Sinking Pwnrf—Commenclng 1906 1 p. o. is payable annually for
ten years, after that Iss p. c. per annum for first mortgage bonds.
New Castle, for year ending Dec
Earnings— Including Sharon
31, 1902: Gross, $444,986; net, after expenses and taxes, $200,014.
Road— On Feb. 1, 190 , owned and operated (including the New
Castle system! 40;miles of railway, which comprises the entire electric
railway system ol Sharon, Sharpsville, South Sharon and Wheatland,
Pa.; also connects Sharon, Pa., with Hubbara and Youngstown, Ohio,
and also connects both Sharon, Pa., and Young.stown, Ohio, with New
Castle by a line running to New Castle from Hubbard. O. Rails 70-lb.
T and 90-lb. girder. Operates 45 cars Population served, 120,000.
Officers— President, Randall Montgomery, Y'oungstown, O.; VicePresident, Charles 8. Fairchild; Secretary. Leighton Calkins; Treasurer, Osborn W. Bright.— ^. 74, p. 328; V. 76, p. 104.
&
&
&
(1)
SHARON & NEW CASTLE RY8.- A trolley road.
8'irplu*,
SOUTH BEND,
IND.
INDIANA RAILWAY.-A trolley road.
Organization— On March 15, 1899, was organized by the consolidation of the South Bend St. Ry., the Indiana Electric Ry., the General
Power <fe Quick Transit Co., the South Bend & Elkhart Ry. and the
Elkhart Goshen
Southern Ry.; franchise perpetual in Mishawaka,
Goshen and South Bend, but on Sept. 8, 1902, the City Council of
South Bend passed an ordinance seeking to impose certain restrictions, but the company has refused to accept same; in Elkhart expires
in 1926 Operates local electric lines in above cities and interurban Une
joining them. Population served, including Elkhart and Goshen, Ind.,
about 70,000.
Outstand'g.
Date. Interest.
Maturity.
Stock and Bond
stock, $1,000,000....
$1,000,000
&
—
1900 5g.,J-J
900,000
Jan. 1, 1930
Girard Trust Co. (Phila.), trustee. Int. at
Standard Trust Co., N. Y'.
Sinking fund of $lO,000 per annum begins January 1, 1905, bonds
to be bought in open market
Road—Length of track, '"50 miles. Gauge, 4 ft. S^s in.; 70-lb. T-rall.
Owns 65 cars and 3 power stations. Extensions under way.
Earnings- For year 1900, gross, $198,835; net, $14,114.
Officers— President, Arthur Kennedy, Pittsburg, Pa.; Vioe-Pres.
and Gen. M'g'r, J. McM. Smith, South Bend, Ind.; Sec. and Treas., J.
B. McCance, South Bend, Ind.; Ass't Treas., W. C. Hagan. General
office. South Bend, Ind.— V. 61, p. 925; V. 68, p. 671.
Ist mort., $1,000,000,
CM
g. ($1,000)
i
SOUTH FRAMINGHAM, MASS.
SOUTH MIDDLESEX STREET RY.-TroUey.
&
interest.
Outstand'g.
Maturity.
Date.
Stock
Bonds—
Stock ($100)
See text.
see below. $100,000
5g.F-A
Feb. 1, 1915
1st M., $100,000, gold. 1895
100,000
Current liabilities Oct. 1, 1901, $104,341.
Interest payable at International Trust Company, Boston.
Dividends
In 1894, 6 p. c; in 1894-95, 2^ p. c; in 189.5-96. 4 p. c;
1896-97, 5J2 p. c; 1897-8, 6 p. c; in 189S-99, 6 p. c; In 1900-1, 6 p. o.
Road— Owns 13*8 miles of track; rails 45 and 50-lb. T; has trackage
rights over 5"7 miles additonal; total operated, 19'5 miles.
Earnings— Y'ear ending September 30, 1902, gross, $70,405; net,
$10,536; charges, $22,381; deficit, $11,845.
Officers— President, Thos. T. Robinson; Secretary and Treas.,
urer, J. J. Valentine, South Framlngham; Gen. Mgr., A. Frank Mars.
:
SPENCER, MASS.
AVARREN
BROOKFIELD & SPENCER ST.
road. Population tributary estimated at 26,000.
R Y.—A
trolley
& Bonds—
($150,00«i)
Stock
Stock
Date.
interest.
Outstand'g. Maturity.
$150,000 In 1900-01, 2
5g. M-N
119,000 Nov. 1. 1916
g., $125,000, 8. f.C 1896
Nov. 1, '99 ($l,000)c. ) Int. at Int'l Trust Co., Boston, Trustee.
Loan and notes payable Sept 30, 1902, $66,479.
Sinking fund is $2,000 annually on and after Nov. 1, 1899.
Road— Owns 20 miles of track connecting Warren, Brookfield, North
1st M.,
aft.
Si
Organization- Incorporated in New Jersey on June
1901, for the
purpose oif construction, ownershiu. operation a d control of electrical, steam or other power railways Jor the transportation of passengers, mail, express, merchandise, or other freigiit anywhere in tlie
U. s. or in foreign countries, and also the construction, ownership
operation and control of electrical, gas, water, light, heat and other
power lompanies. The entire capital stock is owned by the Voungstown-Sharon Ry. <St lit. Co., which guarantees the bonds, prin. and int.
Date.
interest.
Outstanding.
Matttrity.
Stock
Bonds—
8,
&
Stock, $500,000 ($100)
$500,000
Ist mtge. $500,000, g., } 1901
5 g. J-J
500,000
July 1, 1931
o*Mnt.atN.Y.Security&Tru8t Co., N.Y., trustee.
(1 000) 8. f
Boju/s— Mtg. is a first lien on all the properties of the company, including substantially all the stock of the Sharon & New Castle St. Ry..
a Pennsylvania corporation, and substantially all the capital stock of
the Sharon & New Castle Ry. Co., an Ohio corporation; also all the
bonds of said two companies. The bonds are subject to call at 115 and
interest at any interest period.
Road— Owns and operates about 20 miles of track, extending from
New Castle to Hubbar<l, Ohio, over private right of way, where
connection is made with the Youngstown-Sharon system; "lO-lb. T
and 90-lb. girder rail.
Officers— President, O. W. Bright, New York; Secretary, Leighton Calkins; Treasurer, James E. Keeler.—V. 75, p. 186.
SHEBOYGAN,
^VIS.
SHEBOYGAN LIGHT PO^WER &
RY.-
OrgANIZATION. Etc--Owns 19 miles of track, with light and power
lant. In Oct.. 1902, it wa,'* reported that this property had been purchased by an Eastern syndicate.
&
Bonds—
Date.
Stock, $200,000
Ist mtge., $300,000
{1896
Stock
Interest.
$87,513
$37,500
$50,01»
$222,045
1902
23,476
60,976
37,500
1901
199,1S3
OFFlCERS-—President, Samuel McRoberts: Secretary and Treasurer,
J. F. MUlett; Gen. Mgr., E. L. Kirk — V. 75, p. 849.
Stock, $500,000 ($50)
Year.
31:
Net.
Orosx.
Yr.ar.
Interest.
Outstanding.
Maturity.
$141,100
April 1, 1926
5 g. A-O
300,000
Interest at Mercantile Trust Co., N.Y., Trustee.
($1,000(, gold
J
EARNINQS-For year 1901, gross earnings, $81,680; in 1900 gross
earnings were $70,OOo.
Officers— President, G. B. Mattoon; Manager. John Liggett, Secretary and Treas , Louis F. Hoke; Gen. Supt., H. Pagil Jr.
SIOUK CITY, IOWA.
SIOUX CITY TRACTION-A trolley road.
In Oct., 1902. this property was purchased by the Swift and Armour
it is stated, about $2,000,000.
Organization, Etc.— Chartered in May, 1895, with authorized capl
tal of $1,000,000, to succeed the Sioux City Street Railway, sold in
foreclosure. Franchises run for 50 years from 1889.
•
interests for,
Brooktteld, Spencer, etc.
Earnings-Y'ear ending Sept. 30, 1902, gross, $61,595; net, $21,456;
charges, $14,080; surplus, $7,376.
Officers -President, A. B. Bruce Sec. and Treas., G. A. Butman.
;
SPOKANE, V/ASH.
ARLINGTON
HEIGHTS MOTOR
RY.-2 miles
of
track. Stock, $50,000. Road leased
Wash. Water Power Co.
trolley
to
SPOKANE & MONTROSE MOTOR RR.
Company is to be reorganized and extended for a mile and a half.
made standard gauge and bonds cancelei.
Road Etc.— Operates 313 miles of trolley track. Stock, $50,000;
Will also be
par $100.
Reeder.
1st
mortgage
6s,
M-S, $40,000.
Pres.
and Gen. Man.,
C.
6.
WASHINGTON ^WATER POWER CO.'S SYS-
TEM—SPOKANE STREET
RAILWAY,
ETC.
Organization- Comprises the Edison Electric Illuminating Co.,
Spokane Street Railway Co., Spokane Electric Railway Co.,
Falls City Land & Improvement Company, the Ross Park Street
Railway Co. and the City Park Transit Company; also the Up River
Water Power, formerly the property of the Spokane Falls Water Power
CO. Company owns entire electric-lighting business of Spokane and
practically all the water power.
Matxirity.
Stock
Bonds— Date, interest. Outstand'g.
Stock, $2,600,000
Jan., 1903. 1^4%
$2,246,300
July 1,1929
Consol. mort. & coU. )1899 5.g. J-J
1,600,000
trust, $2,000,000, > Interest at Franklin Trust Co., Brooklyn.
gold ($1,000)... c*&r) Trustee.
Of the $2,000,000 new bonds, $1,435,000 was to take up ontstandlng
bonds of the old companies, $150,000 to be Issued forthwith, and the
balance, $400,000, may be issued for acquiring additional property or
for improvements or betterments. Bonds cannot be called.
Diride?Mf»— In 1900, 4 p. c; inl901,4p.c.; in 1902,5 p.c; lnl903,
Jan., II4 p. c.
Earnings -For year endln? Nov. 30, 1902, gross, $626,297; net,
$284,412; depreciation, $40,000; Interest, $80,000; balance $164,412.
Road— System oon.sists of 34 miles of trolley road, the cable line
having been changed to troUey. Ralls 30 to 72 lb. TOfficers— President, Henry M. Richards; Secretary and General
Manager, D. L. Huntington; Treasurer, H. E. Perks, all of Spokane.
-V. 69, p. 1248; V. 71, p. 289, 646; V. 75, p. 291, 1255, 1356. V. 76,
p. 214.
&
STEEET RAILWAYS.
88
SPRINGFIELD, ILL
SPRINOFIELD & CENTRAL ILLINOIS RY.
the Spring-
Organization.— Incorporated on Sept. 2, 1902. Acquired
Consolidated Ry. The new company will construct extensions
from Sprinefleld to Bloomington, to Decatur, to Jacksonville and to
St. Clair and East St. Louis under franchises granted to the Springfield
fleld
& St. Louis Ry.
Stock & Bonds—
Jan. 1, 1943
See text.
5g. J-J
Ist concol. mortgage, >ColumMa Finance
Trust Co., Louisville,
Trustee.
g., $2,t00,000 ($lT000) )
People's Eleo. 1st M.. .. 1891.
100,000 Apr. 1,1911
6 A-O
Springfield Consol. Ry. } 1893.
5 J-D
650,000 June 1, 1933
Consol. mortgage for > Interest at Columbia Trust Co. (Trustee),
Louip viUe, Ky.
$750,000 gold
>
Sutticient bonds of '93 are reserved to retire the $100,000 of People's
Electric 69 due in 1911.
Bonds— Ot the new mortgage of 1902, $7-50,000 is reserved to retire
prior liens, $562,500 to acquire $750,000 stock of Springfleld Consolidated, $600,000 will be used to build and equip the new lines and
for improvements; $337,500 will be retained for additional improvements, etc.; $250,000 is reserved for extensions at not exceeding
$20,000 per mile. Interest is payable at the company's otlloe at
Sprirgfl>»ld, or its agency In New York. New mortgage bonds cannot
be called.
Road— Owns and operates 24 miles of trolley tracK in the City of
Springfield. Rails 40 and 75-lb. T. Extensions from Springfleld to
Riverton, 7^2 miles, and from Springfield to Girard, 2G miles, are
proposi-d.
&
Earnings- For year ending Dec. 31, 1902, gross, $195,351, as
against $170,000 in 1901.
Officers.— President, H. H. Littell, Buffalo, N. Y.; Vice-Pres., B.
Wilson; Secretary, L. W. Botts; Treas. and Mgr., C. K. Minary. V.
75, p. 291, 499, 550; V. 76, p. 267.
Organization.— Incorporated March
sanctioned a $1,500,000 bond issue.
(subject to caU.
5,
interest.
Stock $1,958,400 ($100)
Bonds
Text.
, qq^ v, a _/->
4I2A.-O.
\^^^5
j
1868.
Stockholders in 1903
Outstanding.
$1,958,400
i r>n r\i\n
100,000
1901.
Maturity.
Text.
1901.
1902.
$
$
844,665 753,809 DivB.pd. (8%). .156,672
250,028 226,220 Bal. for year. 8ur.5,268
$
Gross eam'gs
.
Net
88,088
73,234
Total
$
156,672
def. 3,686
surplus
*257,091 401,823
Sept. 30
*After charging oflf $150,000 for depreciation.
Officers— President. John Olmsted; Supt., George W. Cook; Treas.,
Frederick Harris.-V. 66. p. 135, 762, 860; V. 71, p. 30, 699.
toterlVt^''.'.'.'.'" (
RICHMOND LIGHT & RR. CCThis
was
company
formed as a reorganization on
Organization—
Sept. 1, 1902, of the Staten Island Electric RR., New York
itaten
Island Electric Co. and the Riclrmond County Power Co. Owns the
entire capital of the corporation owning tlie properties of the Seyr
Jersey
Staten Island Ferry Co.; also controls one-half of the $1,000,000 capital stock of the Rapid Transit Ferry Co.. which operates ferry
between St. George, S. I., and Whitehall Street. New York. The shares
are held by Henry H. Rogers, Walter G. Oakman and Wm. L. Bull in
a voting trust for five years. For terms of reorganization and oomnlete statement of plan, see V. 74, p. 1091.
Date, interest. O^itstand'g.
Maturity.
Stock
Bonds—
Stock, $3,1 00,000 ($1001
$3,000,000
1st collateral trust mort.,> 1902 4 g. J.-J.
2,200,000
1952.
$2,500,000. gold
i Int. at Guaranty Trust Co., N, Y., Trustee.
Bonds— $300,000 are reserved lor the acquisition of new property.
Staten
Earnings of the combined companies, viz., the N. Y.
Island Eleo. Co., the Staten Island Eleo. RR. and the New Jersey
Staten Island Ferry Co., for flscal year ending June 30. 1902, were:
&
&
Stock, $400,000 ($100)
$400,000
5 g. J-J
Ist mtge., $330,000, g.) 1895
330,000
July 1, 1925
($1,000) (cannot be > Interest at St. Louis Trust Co., St. Louis,
o*)Tru8tee.
Road.- Owns and operates 158 miles of track; Westinghouse
elect, system; Hamilton-Corliss engines.
Earnings.—For calendar year ending Deo. 31, 1902, gross, $90,672;
total expenses, including taxes, $57,916; net, $32,756.
Officers.— President, Geo. W. Parker. Union Trust Building, St.
Louis; Secretary, C. H. Smith, St. Louis; Treasurer. J. F. G. Bentley,
Springfield; Superintendent, Seth Benham, Springfield.
called)
SPRINGFIELD, OHIO.
SPRINGFIELD
& XENIA TRACTION COroad, controlled by the Pomeroy-Mandelbaum syndicate.
A
trolley
in Ohio
on April
19, 1901, as the
Miami Traciion Co., but name changed as above in October, 1901.
interest,
outstand'g.
Maturity.
Stock and Bonds— Date.
Little
Stock, $500,000 ($100)
1901
M-N
Gross, $431,659; net, $76,543.
Road— Road from South Beach to HowlandHook,10'7mile8; branches
Richmond Ave. to Bull's Head and Clove Road, 8-15 miles; second
track. 12-13 miles; sidings, -04 mile; total track, 31-02 mUes; 90-lb
girder Cambria and 84-lb. girder Johnson steel raUs; operates 109 cars.
Officers— President, H. H. Rogers; Vice-Prest., John Greenough;
STATEN ISLAND MIDLAND RR.-a troUey road.
This property will probably be consolidated with the Richmond
Light & R. R. some time during 1903.
Organization- Chartered Dec. l, 1890. On Aug. 19, 1895, reorganized without change of name. In May, 1898, acquired the line of
the Staten Island Traction Co., and was merged with it.
interest.
Date.
Outstand'g. Maturity.
Stock
Bonds—
Stock, $1,000,000 ($100)
$1,000,000
Ist mortgage, $1,000,000, < 1896
5 g. J-J
1,000,000 Jan.21,1926
gold ($1,000)
c* <Int. at Farmers' L. &Tr. Co., N. Y.,tmstee.
Current liabilities June 30, 1902, $266,617.
Sinking fund after 5 years but bonds cannot be called.
Road— Owns 27-5 miles of track, including second track. 11*49
miles; operates under trackage rights, 1 mile; total track, 27-6 miles;
&
65 to 70-lb. T rail and 90-lD. girder.
Earnings-Year ending June 30, 1902, gross, $137,914;
rails
fixed charges, $69,217; deflcit, $19,545.
Officers—President, Chas. L. Spier; Vice-President
S. e. Hazlerigg; Sec'y and Treas., H. H. Rogers Jr., 26
SPRINGFIELD. VERMONT.
SPRINGFIELD ELECTRIC RY.-A
trolley road.
RR.-An
electric road.
Organization— Incorporated as the Stamford Horse RR.
Co. on Aug.
name changed to above on July 3,1889. Control was
Hartford RR. in 1895.
obtained by the New York New Haven
9, 1881, but
<fe
Common, $100,000.
Pref., $100,000,
Date,
interest.
!t<50
$50
Istmortgage, $75,000 auth.
July 1, 1902, bills payable
1889
5
F-A
gen'l Mgr.,
New
STOCKTON ELECTRIC RR.-A troUey road.
In June, 1902, H. E. Huntington acquired control through purchase
of three-quarters of the capital stock. $1,000,000 new bonds are contemplated V. 75, p. 499.
Stock
Bonds—Stock $500,000; 1st mortgage 68, A-O, $115,000;
due 1917; trustee, California S. Dep. & Tr. Co. Owns 12 mUee of track.
&
Extension proposed.
Officers— President, James H. Budd, Vice-President; H. B. Huntington; Sec'y and Treas W. R. Clark.— V. 74, p. 989, 1140; V. 75, p.
499; V. 76, p. 159.
,
STREATOR,
ILL.
PEOPLE'S LIGHT & RY.-A troUey road.
The controUing interests in this company recently purchased the
Streator Electric Ry., also the La Salle-Peru Electric Ry., and are
said to be negotiating for the acquisition of the Ottawa Street Ry. An
early consoUdation of these roads is looked for. V. 73, p. 1161.
Road Owns 5% miles of track. Rails 52 lb. girder.
Officers— President, W. v. Ooons, Cleveland; Secretary, Q. J. A.
PauL— V. 63, p. 970; V. 67. p. 843; V. 73, p. 1161.
—
Outstand'g.
$47,190
45,050
75,000
143,017
STEUBENVILLE, OHIO.
STEUBENVILLE
TRACTION & LIGHT CO
— Gas, electric and iroUey.
Organization.— Incorporated in Ohio In May, 1901. Is owned and
operated by the American Gas Co. of Philadelphia, which company
guarantees the bonds, 00th principal and interest. E. B. Smith & Co.
of New York and Phiia. offered the bonds for sale In Jan., 1903.
interest. Outstand'j.
Date.
Maturity.
BondsStock
$700,000
Stock, *700,000
5 g M-N
700.000 May, 1. 1926
1st Mtge., $1,000,000, g. > .
($l,000),gu. p. &i.,c'. 5
Int. at Atlantic Trust Co., N. Y., Trustee.
Souas.— $300,000 are reserved for extensions and betterments.
Road— Operates 15 mUes of traok in Steubenville and between
Steubenvilie and Toronto, laid with 60-lb. rails, 11 closed and 12 open
oars. Also operates electric light and gas plants.
Officers— President & Treas., Morris W. Stroud, Philadelphia; Secretary, W. McD. Miller; General Manager, J. Chas. Ross. V. 76,
&
Maturity.
Aug.
p. i67.
SUNBURY, PA.
EL- RY
SUNBURY & NORTHUMBERLAND
as Sunbury & NorthumberJune
24, 1885,
Organization—Chartered
and Street Railway. Reorganized May 28, 1892, after judicial sale.
Miles. Date. Interest. Outstand'g. Maturilif.
Stock & Bonds—
STAMFORD, CONN.
StocKj Bonds, Etc.—
and
Broadway,
York.
,
Organization.- Length of road, 8 miles, from Springfleld, Vt., to
Charlestown, N. H. Freight and passenger road.
Capital stock, common, (auth.) $75,000; issued $64,600; guaranteed
6 per cent notes or preferred stock, $49,.'i00. 1st mortgage for $100,000 of 5 percent gold $500 and $1,000 coupon bonds dated Nov.,
1, 1897, due Nov. 1, 1917; int. M-N at Nat. Bk. of Commonwealth, Bos.
Earnings— For year ending June 1, 1902, gross, $32,281: net,
$11,078. President and Gen. Mgr., E. C. Crosby; Vice-Pres and Treae.,
M. A. Coolidge; Supt., A. J. Crosby.- V. 64, p. 1043; V. 70. p. 793.
STAMFORD STREET
net, $49,672;
$500,000
420,000
Nov. 1, 1921
ist Mtge., *500,000, Int.
'•('
at Cincinnati Tr. Co., Cincinnati, Trustee,
g. ($1,000)
or at Chase National Bank, New York.
Bonds— 'So sinking fund and are not subject to call.
Road— Operates 22 miles of track, connecting Springfleld and Xenia.
Completed Sept., 1902. RaUs, 701b. T; eight cars.
Officers— President, J. R. Nutt; Vlce-Pres., F. T. Pomeroy; Secretary, R. E. Inskeep, Akron; Treasurer. Will Christy, Akron.— V. 72, p.
776; V. 73, p. 1209; V. 74, p. 96; V. 75, p. 667,
5g.
&
STOCKTON, CAL.
CO.
Organization.-Successor in 1895 to Metropolitan Electric Ry.
Date.
interest.
Outstand'g.
Maturity.
Stock AND Bonds—
Organization.- Incorporated
&
&
SPRINGFIELD, MO.
SPRINGFIELD TRACTION
N. Y.
& Gen. Mgr., S. F. Hazlerigg; Secretary & Treasurer,
Chas. L. Spier.— V. 74, p. 479, 1091, 1253; V. 75, p. 78, 291.
April 1, 1910
aft. Apr. 1,1900)
Notes payable June 30, 1902,
818,000
Dividends— In years 1893 to 1902, inclusive, 8 per cent per annum.
Road.—Owns 85-76 miles (incL 20-846 mUes 2d track) of main track
and 6-27 2 miles of sidings. Operates 219 cars. Extensions proposed.
Earnings.- For years ending Sept. 30 earnings have been
1902.
STATEN ISLAND,
2d Vlce-Prest
SPRINGFIELD, MASS.
SPRINOFIELD STREET RY.-A troUey road
Date,
W
None
Stock ($1,.500,000 auth.)
Springfield & Cent. 111.^1903
Stock—
$24,023; taxes, $2,122; interest, $10,783; surplus, $11,118.
Officers.— President, Col. N. H. Heft, New Haven, Conn.; VicePresident,
H. Gillespie, Stamford; Secretary and Treasurer, W. L.
Squire, New Haven; Superintendent, George M. Pierce, Stamford.
Maturity.
Outstanding.
interest
Date,
Road— 12-69 mUes of track. In Nov.. 1900, the extension to Glen,
brook was completed. Operates 23 cars; 1 snow plow.
Earnings— For year ending June 30, 1902, gross, $64,233; net,
1,
1909
$125,000
Stock, $125,000 (par $50)
0*3-2 1892 6 g. J-J
5,000
First mortgage, gold
78,000
Loans (unsecured) July 1,'02
Road—Owns 39 miles of troUey in Sunbury and Northumberland.
Earnings— For flscal year ending June 30, 1902, gross, $25,074;
President,
net, $4,410; Interest and taxes, $5,144; deficit, $734.
Pierre 8. de Pont; Lorain, Olilo; Secretary and Treasurer, S. P. Wolverton, Sunbury, Pa; Gen. Supt., S. P. Wolverton Jr., Sunbury.
STEEET RAILWAYS.
SYRACUSE,
&
Stock
Bonds—
Date. Interest.
Stock, $500,000, $100
First mortgage, $500,000,
$5,00,000
5 g p.^
jggg
)
500,000 Mar.
1,
1949
Earnings—Year ending June 30, 1902, gross, $85,459; net. $10,745*
other inoome, $2,396; fixed charges, $32,153; deficit, $19,012.
Road— Operates 23 miles of track. Standard gauge. Rails 104-lb.
Operates 25 passenger and 3 other cars.
Officers- President, W. Judson Smith, Vice-Pres., Louis House;
Secretary, Arzelie Daudelln; Treasurer, C. Blaine Warner; Gen'lMgr.,
W. B. Rockwell.
RR.- A trolley road.
SYRACUSE & SUBURBAN
1895.
Organization- Chartered June 29,
Date. Interest.
Stock & Bonds—
Stock, $400,000 ($100)
1897 5 F-A
iPt mortgage, $400.000...-
Outstand'g.
Maturity.
$400,000
1927
394,000
33,000 Jan. 1, 1905
1900 6 J- J
Tear ending June 30, 1902, gross, $70,106;
net, $28,164; fixed charges, $27,276; surplus, $888.
Road. Operates 14 miles of track; standard guage; rails, 60 to 90
lbs. Extensions of 33 mUes are proposed.
Debentures, $33,000
EARNINQS.-For
fiscal
Officers.— President, Arthur Jenkins; Vice-Prest. and Gen'l Mgr.,
Chas. E. Hubbell; Sec. and Treas., Giles H. Btilwell.
RY.SYRACUSE RAPID TRANSIT
per plan inV.
company. Franchises perpetual. In Jan.. 1902, the
mortgage bonds were listed on the Philadelphia Stock Exchange.
In Dec, 1902, purchased 90 p. c. of the capital stock, 90 p. c. of the
second raortea«e bonds and all of the first mortgage bonds of the
OswesTO Traction Co., and will build an extension to Oswego, 35 miles.
capital stock of the
first
p.
Stock
Common
1355.
Bonds—
&stock
Date.
Interest.
Outstand'g,
Maturity.
$2,750,000
1.250,000
750,000 Jan. 1.1921
5 JU^^l
i^^ ^^ Merchants' Nat Bank, Syracuse.
^
5sr.M-S
2,500,000 Mar. 1,1946
l8t M. ($3,250,000) gold.. > 1896
c* 5 Guaranty Trust Co., N. Y., trustee.
($1,000)
5g.J-J.
$586,000 Jan. 1,1930
2d mortgage, $750,000 > 1900
0*. sint. at Savings &Tr. Co., Cleve., trustee.
($1,000). gold
$250,000 June 1. 1929
5 J-D
East Side Trao. Ist mtge., ) 1899
$250,000 ($l,000),goid. 5 Int. atSav. & Tr. Co. Cleveland, O., Trus.
Bands—ThQ Rapid Transit mortgage of 1896 is for $3,250,000, of
which $750,000 of bonds is reserved to retire the People's RR. firsts.
Of the 2d mortgage bonds $164,000 are in the company's treasury;
bonds cannot be called.
Earnings—Twelve months ending June 30
Surplus.
Net.
Other inc. Charges.
Gross.
1902-02
$687,195
$302,930 $6,089 $228,246
$80,773
1900-01
6,137
223,918
56,550
615,161
274,331
Road— Owns and operates 5730 miles of track; leases 8 mUes; total,
65-30 miles. Kails 90-lb. girder in city and 85-lb. T in suburbs.
Has 134 cars, 1 1 snow plows, 1 sweeper and 1 construction car.
Officers— President, W. P Gannon, Syracuse; Vice-Pres. and Gen.
Mgr., E. G. Connette; Secretary and Treas., T. H. Conderman, Philadelphia, Pa.-V. 63, p. 525, 774; V. 75, p. 1255, 1355.
($100)
Pref.Op. c.,n.-c. ($100)
Pftonle'sRR
Jr'eopie
1st mtg
s KK., Istmtff
TACOMA,
gross, $203,146;
net, $83,306; charges, $21,427; surplus, $61,879.
Road— Onerates 25 mUes of track in Tampa and to Port Tampa.
Officers— President, Geo. J. Baldwin; Vice-Pres. & Sec, P. O.
Knight; Treasurer, H. B. Sawyer; Asst. Sec, Eliot Wadsworth; Gen'l
Managers and Transfer Agents, Stone & Webster, Boston.
TAUNTON, MASS.
MASSACHUSETTS SECURITIES COORGANiZATioN—Tliis is a voluntary association consisting of three
and is on the plan of the Massachusetts Electric Comisanies.
In 1902 acquired $1 -.-5,000 of the $200,000 stock of the Bristol County
Street Ry., which has been deposited vnth the Mercantile Trust Co.
of Boston as collateral lor the " collateral trust notes and preferred
shares." The collateral trust bonds are secured by depoBlc of $335,000
floating debt notes of rhe Bristol County Stre' t Ry.,th" Middleboro
Wareham & Buzzard's Bay Street Ry. and the Lowell & Boston St. Ry.
trustees,
Stock
Common
VV^ASH.
Shareholders in July. 1902, voted to sell this property to the Puget
Electric Ry. Co. (incorporated in New Jersey) for $2,000,000
In the common stock of the latter. Shareholders not desirinsr to accept the exchange were ottered $35, in cash, per share. On Nov. 22,
1902, the injunction suit brought to prevent the consolidation of this
road with the Seattle-Tacoma Interurban Ry. was dismissed by ViceChancellor Emery. See Paget Sound Electric Ry, under Seattle. See
V. 75, p. 734, 1204.
Organization- Incorporated in Feb., 1899, In New Jersey, "to furnish electricity from water power to the factories and street railroads
of Tacoma." The new company took over all the street roads In
Tacoma. Franchises expire in 1939. The General Electric Co., Jan.
31, 1902, owned $746,40u of the stock and $202,000 of the bonds.
Date, interest. Outstand'g.
Maturxiy,
Stock & Bonds
Com. par^lOO. $2,000,000
$2,000,000
l8t M., g., ($1,000) $1,500,- ) 1899 5g A.& O.
1,310,000 Ap. 1, 1929
000 not red.before mat. 3 Int. at Old Colony Trust, Bost., trustee.
2nd Mtge., $200,000, gold, > 1901 6g. J-J
114,812 Jan. 1, 1921
call any time at 103
5 Int.at Am. Loan & Trust Co., Bo8t.,trustee.
jBonds—$393,000 of the total issue of $1,500,000 1st 58 are reBerveU for futtire improvements and betterments.
Road— Operates 61 miles of track.
EARNINQS-For year ending Dec. 31, 1901, gross, $378,920; net
$122,287; fixed charges, $69,730; surplus, $52,557.
Officers— President, R. T. Paine, 2nd, Boston; Vice-Pres., Leonard
H, Hole, New York; Secretary, I. S. Keeler. 44 Broad St., N. Y.; Treas..
E L. Carr, Boston; Ass't Sec. and Ass't Treas.. J. S. Simpson; Gen'l
Mgrs., Stone & Webster. Boston,— V. 75, p. 734, 1204.
Sound
—
TAMAQ,UA PA.
TAMAQUA & LANSFORD ST. R Y.-A troUey road
Stock
&
Bonds—
2,
1891.
Date, interest. Outstan'g.
Stock, $^00,000 ($50)
ist mtge. $200,000, ($1,000)
Maturity.
1902, 5 p
0.
$200,000
1897 5 g J-O 200,000 June 1. 1927
gold
c. Unt. atProv. Life &Tr. Co., Phlla, Trust.
Road— 14'63 miles of road from Tamaqua to Summit Hill, Inolading
an extension to Nesquehonlng.
EARNINQS.-Report year ending June 30, 1902, gross, $53,152; net
$21,083; int., taxes, Ac. »10,567; dividends, $10,000; bal.,8ur., $516
Officers— Pres., Lewis A. RUey, Phlla; Vice-Prest C. F. Howell,
PMlp.; Sec. and Treas., J. McCready, Lansford, Pa.— V. 70, p. 428.
<
,
TAMPA, FLA.
TAMPA ELECTRIC CO.-Trolley.
in Florida on Oct. 31, 1899. Owns enrailway and electric-lighting plants in Tampa. Franchise
Organization— Incorporated
tire street
l8 for
999 years.
Stock
&
Bonds—
Stock. $500,000 ($100)
Ist mortgage, $500,000,
gold
Date.
1
>
interest.
Date, interest. Outstand'g.
Maturity.
$91,000
CoU. tr., gold notes and pref. ) 1902 5 g. J-J 100 000 Jan. 1. 1922
shares (5 % cum.) ($1,000), > Interest at Mercantile fr. Co., Boston,
Series A. $100,000
Trustee.
>
Collateral trust gold bonds, ) ,qo2
5
300 000 juiy
Julv Ii, ±».^.i
1922
avv,^<jv
^^^^
^
"
5
$300,000 "Series B
Jfotes. - The 'Series A" notes are convertible at option of holder into
preferred stock which latter is non-taxable in Massachusetts, or preferred shares may be converted into notes. May be called on any
1912, at 110, and thereafter at 105.
Albert M. Gleasoh, Taunton;
Geo. A. Sweetser. Boston.—V, 74, p. 776, 830.
interest
day before Jan.
Trustees.— J-
(
1
)
1,
C. Gilcreast, Boston;
BRISTOL COUNTY STREET RY. -A
Organization-Incorporated
in
trolley road.
1900 to build an
electric
road from
Hebronville and Attleboro to Taunton.
&
Date.
interest.
Outstand'g.
Maturity.
Bonds—
Stock
Stock, .$200,000 ($100)
Decl,'01,2%
$200,000
200,i 00
Ist mtge., $250,000) 1901
5 g. J-J
Jan. 1, 1921
o* SInt. at Federal Trust Co., Boston, Trustee.
($1,000), gold
Bonds— 'Bon^a could formerly be called lor payment on Jan. I, 1906,
at 105, on four weeks' notice, but by a supplemental mortgage dated
Aug. 20, 1901, right was rescinded.
Dividends— In 1901, Dec, 2 p. 0. (annual.) None since.
Report—For year ending Sept. 30, 1902, gross. $.53,114; net,$15,022; Interest and taxes, $15,292; balance, deficit $270.
Road— Owns 17 miles of track, 90-lb. girder and 56 and 60 lb. T rail.
Operates 5 miles additional; total operated, 22 miles. 14 cars.
Officers -President, Isaac Patch; Vice-Pres., John H. Buttriok;
Sec, D. A. Brooks; Treas., C. S. Cummings 2d.— V. 73, p. 615, 899.
TERRE HAUTE,
IND.
TERRE HAUTE ELECTRIC CO-
Organization— Incorporated in Indiana on June 23, 1899, as a
successor to the Terre Haute Electric Street Railway, sold at foreclosure June 21, 1899, and bought by a syndicate represented by
Stone & Webster of Boston. The same parties also bought the Citizens' Electric Light & Power plants. In Feb., 1900, purchased the
BrazU Rapid Transit St. Ry. of 3 miles, and uses it as part of the line
from Terre Haute to Brazil, a distance of 18 miles, which was put In
operation on Sept. 2, 1900. V. 70, p. 281. In May, 1902, stock and
bonds listed on the Boston Stock Exch. Franchises expire in 1938.
Outstand'a.
nlerest.
Maturity.
Date,
Bonds—
Stock
Stock $1,000,000 ($100)
$1,000,000
1st mtg.. $1,500,000, S 1899
5 g. J-J
1,400,000 July 1, 1929
gold ($1,000)
c* < Int. at Bost. Safe Dep. & Tr. Co., Boston.
The Union Trust Co. of Indianapolis and the Boston Safe Deposit Sb
Trust Co. are joint trustees of the mortgage.
Bonds— Ot the new mtge. $100,000 is reserved for extensions and
improvements.
Earnings—For
year ending June 30, 1902 (road suffering from
gross, $307,824; net, $43,214; fixed charges,
$68,758; deficit, «25,544. In 1901, gross, $293,930; net, $6i,367 ;
charges, $51,214; surplus, $12,153.
Road— 36 miles of track in and between Terre Haute, BrazU and
Knlghtsville.
strike
Outstand'g.
Maturity,
$500,000
See text. »
1900
eg. J-J
377,000
Jan. 1, 1930
Int. at Am. Loan &Tr. Co
Boston, Trustee.
,
fiscal
and boycott),
Officers—President, W. R. McKeen; Vice-President, J. G. McNutt;
John T. Beasley; Treasurer, Henry B. Sawyer; Mang'rs and
Secretary,
Transfer Agents, Stone
C
Chartered Nov.
Bonds—
&
TACOMA RY. & POWER-
Organization.
&
,
62, p. 644.
Orqanization—Incorporated May21, 1896,
On June 1, 1899. leased East Side Traction for 99 years at a rental of
$12,500 per annum; also owns $299,000 out of the entire ($300,000)
— V.75,
Bonds— Snbiect to call after Jan. 1, 1905, at 105.
Dividends-6% yearly are paid.
Earnings— For 12 months ending June 30, 1902,
N. Y.
SYRACUSE LAKESIDE & BALDWINSVILLE RY.— A troUey road.
Outstand'g. Maturity.
89
&
Webster, Boston.— V. 74,
p.
1039.
THOMPSONVILLE, CONN.
HARTFORD
troUey road.
& SPRINCFIELD
ST.
RY.-A
Organization— Was formerly known as the Enfield & Longmeadow
was incorporated on Feb. 11, 1895), but in May,
1901, stockholders voted to change the name as above, and to re-con-
Electric Ry. (which
struct and re-equip road. Conueccs with the Hartford St. Ry. In Hartford and the Springfield St. Ry. in Springfield, Mass. In June, 1901,
purchased the East Windsor Street Ry. Co. Franchises perpetual.
Maturity.
interest.
Outstanding.
Date,
Stock
Bonds—
Stock, $500,000
$400,000
^
July 1,1921
1901
5g. J-J
400,000
Ist mortgage, $600,000
Int. payable at Am. Loan <fe Tr. Co., Boston.
gold
c']
($1,000),
Treasurer of Connecticut, Trustee.
&
Road— Owns 16 miles of track, which was formaUy opened on Jan.15,
Has trackage rights in Hartford and bpringfield, making total
mUeage operated, 26 miles. 60 and 70-lb. T rail. Operates 28 cars.
Officers— President, Philip L. Saltonstall, Boston; Sec, Arthur Perkins. Hartford; Treas., Chauncey Eldridge, Boston.— V. 72, p. 1135,
1902.
1187; V. 73, p. 137; V. 74, p. 150, 1355; V. 76, p. 382.
TOLEDO, OHIO.
TOLEDO RAIL^VAYS & LIOHT
CO.-A troUey
road.— f i'ee Mui> on page go.)
Organization—Incorporated In Ohio on July 1, 1901, as a reorganization of tue Toledo Traction Co. On Aug. 9, 1901. the new company
took formal possession of the property, which comprises all the street
railways in Toledo; also all the eltctrlo lighting and power business of
the city. On Dec. 26, 1901, purchased entire capital stock of the Toledo & Maumee Valley Ry. Kutlre capital of the Toledo Wat. & South.
RR. ($25,000), is also owned. In Dec, 1902 these two latter were
consolidated under name of Maumee Valley Bye. & Light, with $1,(00,000 stock: a bond issue for .*1, 000.000 was also made. In June,
1902. interests represented by Kean, Van Cortlandife Co. of New York
purchased a larse block of the capital stock f n m the EverettrMoore
syndicate. (V. 74, p. 1253). In September, 1902, stock was Usted on
the New York Stock Exchange.
90
STREET RAILWAYS.
STREET RAILWAYS,
Stock
&
Bonds—
Date,
Outsland'g.
interest.
Matunty.
$12,000,000
4,000,000 Jiily 1,1909
mort-) 1901 4 g. J-J
gage ($1,000), g., $12,- U. S.Mt^e. & Trust Co.. N. Y., trustee.
Ciferjint. atKean, VanCortlandt & Co., N. Y.
000,000
1,066,000 July 1, 1909
5 J-J
Tol. Consol. Street Railway) 1889
l8t mortgage, currency, > Interest at Blair & Co., 33 Wall Street,
New York.
>
$1,000, c, 65 miles
Feb. 1, 1912
700,000
Toledo Electric Street Ry.) 1892 5 g. P"-A
l8t mort., 33 miles, gold, > Interest at Blair & Co., 33 Wall Street,
c) New York.
$1,000
4,135,000 July 1, 1909
5 g. J&J
Tol. Traction consol. M., ) 1896
Stock, $lvi,00o,000
New consolidated
>•
Interest at Guaranty Tr. Co.. N. Y., Trustee.
1920
300,000
1895 5 g. M-^
(Int. at Metropolitan Tr, Co.. N.Y.. Trustee.
$300,000
't
Mch. 1. 1920
_ ,,
1902 4^2 g. M-S
0)
„
M orton Trust Co. New York, Trustee.
^^'^Xf^
M^^i
o^o flOO
$l,000,ciio<
Qgjj |3g called at any time on or after Mcli.
T^f
r.Vm
o*^
($1,000), gold
1,1915, at par and Interest.
Botids— The Tol. Trac. consol. mort. 5s of 1896 for $6,000,000 cover
all tbe railway, subject to the divisional liens of $1,766,000, ana are
a first lien on the new Central Station and other realty ; they are sub
Ject to call at 105 and interest at any interest date upon 30 days'
notice. The bonds are further secured by the deposit of 1st mort
gage bonds, $1,000,000 par value, and entire capital stock of Toledo
Consolidated Electric Co., one of the constituent companies. The unissued bonds have been canceled. Of the Toledo Rys. & Light Co.
mortgage for $12,000,000, $6,000,000 are reserved to retire all of the
underlying bonds and $2,000,000 are reserved for improvements.
They are subject to call at IO212 and Interest on any interest date
after 30 days' notice.
Report- Earnings of the companies forming the Toledo Kwys.
Maumee Valley Ry.
Light Co.. with the exception of the Toledo
1901.
1900.
1902.
Year ending Dec. ZX.
$6,000.000k.. ($1,000) c*
Tol. & Maumee 1st mort.,
„
S
>
JM
,
$1,311,084
636,407
$1,182,516
616,944
$732,312
459,037
$674,677
355,167
$565,572
289,050
$2"3,27o
$319,510
$276,522
$1,459,091
Gross earnings
726,779
Operating expenses and taxes..
Net earnings
Fixed charges
Surplus
Road— Operates 113% miles
mee Valley Ry. Has 333 cars.
of tracK, including the Toledo
& Mau-
Officers— Chalrmaa
of Board, Albiou E. Lang; President, H. A.
Everett, (Cleveland; Vice-Pres (feGen Mgr.,L. E. BeUatein; Sec. and
Treas., E. O. Reed, Toledo .—V. 63. p. III6; V. 69, p. 29; V. 70. p.
74 p. 42, 96. 269,
39; V. 72, p 1189. 1239; V. 73 p. 33, 338. 61 >;
630, 885, 1197, 1253, 1309; V. 75 p. 241, 550, 1088, 1355; V. 76. p.
V
263,436.
TOLEDO BOV/LING
GREEN & SOUTHERN
A trolley road.
TRACTION—
Organization- Incorporated in 1901 as a consolidation, by purchase, of the Findlay St. Ry.. the Toledo Bowling Green ct Fremont
Power Co. of Findlay, O., f\irnishing
Ry. and the Hancock Light
5,000 incandescent lights and 400 arc lights. The company has a jit
petual lease to operate over the Toledo & Perrysburg Belt Line of 22
miles, running to and through Toledo and Perrysburg. The Franklin
Bank of Cincinnati offered the bonds for sale in May, 1901.
,
Ontstand'g.
Mat^iHty.
Date interest.
Stock
Bonds
Stock, $1.500,000
$1,500,000 Jan.,'03, li«%
May 1. 1921
1st mort, $1,500,000,) 1901 5g. M-V
1,075,000
gold, $1,000, $500.... ^Int. at Central Tr. A Safe Dep.Co.,Cin., Trust.
Find. St. Ist. M.. *150,-) 1895 5 g. M-N
150,000
May, 1911
000, gold ($1,000), not > Int. at Central Trust & Safe Deposit Co., Cinsubject to call
cinnati, O.
)
Dec. 1. 1924
125,000
Find «;t 1st enn -"^ ( ^^^^ 5 g. J -D
' ^ Central Tr.
Safe Dep. Co., Cincin., Trust.
viQrCKnn goia
L^A
!t.izo,uuu,
^ Interest at Atlantic Trust Co., New York.
Bonds.— Ot the new $1,500,000 mtge., $275,000 are lield to retire underlying liens and $150,000 for extensions and improvements.
Dividend—First div.of 1 p. c. on Jan. 1, 1902; in July, 1902, li^ p.c;
In 1903, Jan., l»«p. c.
Bowling Green Division with
Road— Gap connecting the Toledo
the Findlay Division was completed Jan. 12, 1902, thus making a direct line of 60 miles from Toledo to Findlay; 60 lb. and 72 lb. J and
girder rails. Owns 30| passenger and 3 express oars.
Earnings— For year ending Dec. 31, 1902. gross, $246,933; net,
$115,166; surplus above 3 p c. div. and axed charges, $12,387.
Officers— President, George B. Kerper, Cincinnati; Vice-Prest. and
Treas., Henry Burkhold, Cincinnati; Secretary, J. A. Bope, Findlay;
Gen. Mgr., Charles P. Smith, Findlay; Ass't Sec. and Treas., A. J.
Becht.— V. 72, p. 676, 822, 874; V. 74, p. 152.
&
—
&
M
Officers-- President and Treas., Luther Allen; VloePres., J. R.
Seagrave; Sec, F. E. Seagrave; AsBt. Sec. E. Bingham Allen; Auditor. C. E. French Gen'l Manager, C. F. Franklin.—V. 73, p. 617, 1314;
V. 75, p. 550, 1255.
;
(
)
TOLEDO FAYETTE & WESTERN RY.— To be a trolley.
Organization- stock all held by the Toledo & Western Ry. Co.
Maturity.
Date. Interest. Outstanding.
Stock & Bonds—
$250,000
Stock, $250,000 ($100)
'^^^^
'^^^^
^O^' '^' ^^^T
^ *^ ^-^
^
First mort-aee $250 - ^
at Western Reserve Tr. Co., Cleve., trus.,
000
oom «'* ^I^t.
uoo,^old
goid(!t>l,O0O).o
or at Nat'l Bank of Commerce, New York.
Bo«d.v- No sinking fund, but bonds are subject to call on and after
July 1, 1912, at par and accrued interest. Are guaranteed both as to
principal and interest by the Toledo & Western Ry.
Road— Is to run from Fayette to Pioneer, 14 miles. Standard gauge»
60-lb. T rail.— V. 75, p. 1255.
m
&
&
TOLEDO FOSTORIA & FINDLAY RY.Orqanization—Incorporated in 1900 to build an electric railway
connectine the cities named In the title, a total distance of 50 miles.
In Aug., 1901, the road between Fostoria and Findlay, 17 miles, was
put in operation and the part of road connecting Toledo and Fostoria
IS under consi ruction. Capital stock authorized, $1,500,000; bonds,
$1,500,000, of which $450,000 were in 1902 reported outstanding.
Western Reserve Trust Co., Cleveland, trustee.
Officers— President, J. E. Reeves; Vice-President, E. C. Deardorff
Toledo; Sec. and GodI. Mgr., Theo. Wentz, Canal Dover; Treas., A. J.
Krantz.— V. 72, p. 481; V. 73, p. 392.
,
TOPEKA
Stock
&
TOPEKA, KAN.
RAILWAY-Trolley.
Bonds—
Date,
interest.
Stock, $1,250,000 ($100)
Maturity.
$1,250,000 f.p
450,000 May 11922,
Otitstanding.
0^92 412 g. M-S
ToT>PkaRv IstM
interest at J. Kennedy Tod
Co. ,N.Y. City.
,$450 onovJ'
f«i 000^ ..c.
o 1 rpj,^jg^gg
($450,000)
g. (*i,uoo)
jg Manhattan Trust Co., N. Y. City.
I
Road— Owns 30 miles of trolley, laid with 35 to 52 pound rails.
Officers—President and Treas'r, C. C. Baker; Sec'y. J. G. Slonecker.
&
&
&
91
TORONTO, CANADA.
THE TORONTO RAIL"WAY-A
and acquired by
trolley road.
purchase th&
Organization —Incorporated in 1892
old Toronto City Street railways and the exclusive privilege to work
street railways in the city of Toronto for a term of 30 years from September 1, 1891 (with the exception of two small reservations in the Act
which are believed to be of no importance), a privilege which has since
been ratified by Act of the legislature of Ontario. Owns and operates
Toronto & Minnico Ry. & Light Co. and the Toronto <fe Scarboro
&
Power Co. In October, 1902, stock was increased
Electric Ry. Ltsrht
to $7,000,000, f <r the purpose of taking over tbe Metropol. Ry. Co.
Payments to the Oity—Aa to annual payments to the city, see Supple-
ment of May, 1898.
Stock & Bonds—
Outsland'g. Last div., etc.
Date.
Interest.
Stock (pai $100)
$7,000,000 f.p. See text.
600,000
July 1,1914
Toronto St. Ry. debens. 1881
6 J-J
4i2g.IT
lstM.,$4,550,000$<fe£5 1892
2,873,373 Aug. 31, 1921
c* ( T'stees, Q. A. Cox, To'nto. & R. B. Angus, Mont.
$35,000 p.
100,000
Tor. & Minn. Eleo. BR
Tor. & Scar Ry L. & P
40,000
m
U Interest and principal on sterling bonds payable Feb. 28 and Aug.
31 at Bank of Scotland, Lothbury, London, E. C. Five per cent of
bonds can be called at par from 1911 to 1920.
Dividends—In 1898, 4 percent; in 1899, 4 per cent; in 1900, 4 per
cent; In 1901, 414 p. c. (extra dividend of 14 P- c. in Oct , 1901); in
1902, 5 per cent; in 1903, Jan. IM per cent.
Sinking Fund The company is obliged to redeem 5 per cent of its
total bond issue by drawings at par yearly from Aug. 31, 1911 to 1920.
Bonds The first mortgage bonds cover the entire property, subject to
payrtvents due the city and the debentures, to retire which $600,000
tir.sts are reserved.
The bonds unissued may be used for new construction at the rate of $35,000 per mile of sln.gle track, but its total bond
issue must not exceed in the aggregate $4,550,000.
Road— Operates 112 miles of track, of which 12 miles controlled;
70-lb. girder r^ils. Owns 706 cars, of which 484 are motor cars.
Earnings- Report for year ending Dec. 31 in V. 76, p. 263.
Oross.
Surplus.
Net.
Charges Dividends. Pav'g.
1902. .$1,834,908 $819,547 $313,104 $302,439 $70,274 $133,730
1901.. 1.661,017
292,679
172.726
270,000
68,000
803,405
1900.. 1,501,001
150,163
270,857
240,000
64,000
725,020
Officers— President, William Mackenzie; Vice-President, James
Ross; Manager, E. H. Keating; Secretary and Treasurer. J. C. Grace.
V. 73, p. 664, 844; V. 74, p. 265; V. 75, p 667, 795, 907; V. 76, p. 263.
—
—
TORRINGTON, CONN.
TORRINGTON & Vv^INCHESTER
Orqanization— Incorporated March
erated from July
1,
Stock & Bonds —
1897.
ST-
RY--
1897 under special act. OpServes a population of about 20,000.
3,
Date, interest. Outstanding.
Maturity.
Stock, $1,000,000 (par $100)
$200,000 f.p. 1901, 212%
mortgage, $150,000, S 1897 5 g. J-D 150,000
1st
Dec.l,'17
gold
c* X Int.atHurlburtNat. Bk ,Winsted, Conn.
Trustee of the mortgage is State Treasurer of Connecticut.
Road—Torrington to Winsted, 13 miles of trolley, of which 10 miles
built on private right-of-way. Equipped with 56-lb. 4-in.T rails.
Earnings— For year ending June 30, 1902. gross, $17,251; net
$22,171; interest and taxes, $10,360; surplus, $11,811.
Officers— President, James AUdis, Torrington; Vice-Prest., George
B Alvord, Torrington Secretary & Treasurer, S, A. Herman, Win;
TOLEDO & INDIANA RY.-A trolley road.
sted.
Organization.— Incorporated to build an electric road extending
from Toleno westerly to Wauseon, a distance of 40 miles. Road under
construction over private risht of way. Thirty miles was put In operation on Feb. n 1903. Will enter Toledo over tracks of the Toledo
Railways & Light Co.
,
Stock
&
Bonds—
Stock, $2, .^00,000 ($100)
iBt mort<'ase *1 R'SO ono
($M)0 &t.l
&«f,000),
dooi gold.
cold ..
(!t.ooo
Date,
>
i
5
interest.
Outstanding.
$100,001)
Maturity.
Jan. 1, 1928
^^^^ 5 k. J-J
200,000
Security frost Co., Toledo, Trustee.
fjjterest payable in Toledo and N. Y.
Bonds can be called at auy time at 105 and accrued interest upon
30 days' notice. Interest begins to accrue from Jan. 1, 1903.
Officers.- President, Frank Yesbera; Vice-Prest., Geo. G. Metzger;
Secretary, L. W. Brown; Treasurer, A. K. Detwiier. V. 75, p. 982.
TOLEDO & "WESTERN RY- A trolley road.
Organization.- Incorporated in Ohio on Dec.
26, 1899.
Carries
General
&
Winsted, Conn.
TRENTON,
TRENTON & NEW
N. J.
BRUNSTA/'ICK RR.-Trolley.
Organization— Incorporated in New Jersey on Deo. 10, 1901.
Forms part of the New York & Philadelphia Electric Ry. operating
between these two cities.
Maturity.
Date, interest. Outstand'g.
Stock &, Bonds—
Stock, $1,000,000 ($100)
$1.C00,000
Istiuort.,$l,(.00,000,gold> 1901
750,000 Jan. 1, 1932
5g. J-J
($5t;0
$l,cO0)
5 Int. at Finance Co. of Pa., Phila., Trustee.
Bo'if/s
No sinking fund and cannot be called. $250,000 are reserved
for extensions and improvements.
&
—
c
RoaD.—Operates about 25 miles of track between Trenton and New
Brunswick, over private right of way.
Officers.— President, H. R. Fehr; Treasurer, Thos. S. Phillips; Seo
retary, TJieo. J. Hahn. Office, Princeton Junction, N. J.— V. 75, p. 982
freight as well as passengers.
Date Interesti Chitstand'g. Maturity,
Stock
Bonds-Stock, $1,800,000, $100
$1,500,000
lstM.,$l,250,000,g.($l,000)) 1901 5g. J-J
1,250.000 Joly 1,1926
no sink, fd., and cannot be > Int. at Western Reserve Tr. Co., Cleve.,
caUed
)Trustee, or Nat. B'kof Commerce, N. Y.
Road.- Owns and operates 67 miles of track extending from Toledo
to Fayette, Ohio, with branch line to Adrian, Mich
Extension of
12 miles to Pioneer to be built in spring of 1903. Company has trackage
agreement with Toledo Rjs. & Light Co., allowing its "cars to enter
Toledo. Mostly private right of way, except in cities. Rails, 60 lb. T.
offices,
TROY,
N. Y.
NEW ENGLAND RY
Organization—
TROY &
-A troUey^road.
Incorporated Dec. 27, 1889.
Outstand'g
Maturity.
interest.
Stock and Bonds— Date.
$180,000
Stock, $350,000 ($100)
160,000
Aug. 1, 1945
5g. F.-A..
Ist mtge., $160,000, ) 1895
gold, $500
5 Interest at office of company, Troy, N. Y.
Road— Total track, including sidings, 10 miles, 8tandard|gauge, laid
with 65-lb. rail, running from Albla to Averill Park. ^ > ..
_<,(
STREET KAILWAYS.
92
Earnings— For year ending June 30, 1902, gross, $26,456; net,
$9,998; charges, $10,164; deficit, $166.
Officers— President, Edw. F Murray; Sec'y-Treas., R. C. Bull;
Supt., A. W. Bentley, aU of Troy, N. Y.
TUSCALOOSA, ALA.
TUSCALOOSA BELT RAIL^VAY-A steam road.
Organization—Cliaitercd July 5, 1889.- stock, $100,000; Ist mortgage, 58, gold, J - D, $100,000, due June 1, 1918. Interest is payable
fn New York at Knickerbocker Tr. Co. Operates about 6 miles of road.
Officprs— Pre8.,Jno.K.Ober. Baltimore, Md.; Vice-Pres.Wm.C.Fltts,
Mobile; Sec., Henry Fitts, Tuscaloosa; Treas. and Supt., F. W. Monnisli.
UTICA &
uticajnTy.
Nov.27, 1901, as a consolidation of the
Organization- Chartered
Utlca Belt Line St. RR., the Utica & Suburban Ry., the Frankfort
& Utica St. Ry., the Little Falls & Herkimer Street Ry., the Utica &
Mohawk RR., the Deertleld & Utlca RR. and the Herkimer Mohawk
Illon & Frankfort Elec. Ry. V. 73, p. 1209. Franchises are perpetual.
Leases a portion of the Clinton & Binghamton RR. at a rental of
$15,000, the lease being dated 1886 and running 99 years. Serves a
population of about 105,000. Franchises perpetual.
Date, interest. Outstand'g. Maturity.
Stock and Bonds
Stk.,com. (,$100) $2,500,000
$2,500,000
Htock, prf.,,$600,000 ($100)
6
600,000
1901 4i«g.M.S 2,011,000 Sept. 1,1941
Utica & Mo. Val. 1st M.,)
$4,000,000, g. ($1,000) V Interest at New York Security & Trust
cannot be called. ) Co., New York, Trustee.
c*
Utlca Belt Ist M.. $500,-)
1889 5 M-N
500,000 Nov. 1, 1939
000, gold ($1,000)
5 Int. at N. Y. Sec. & Tr Co., N.Y., trustee.
Utica Belt 2d M. $200,-)
1891 5 J39,000
Jan. 1, 1931
000 gold ($500)
cjlnt. et N. Y. Sec. &Tr. Co., N. Y., Trustee.
Herk.,Mo.,Il.& Frankfort)
1895 5 g. J-J
150,000 May 1,1925
M., gold ($1,000)
c*<Int.atFarm.Lo.&Tr. Co., N.Y., Trustee.
Bonds.— Ot the new $4,000,000 mortgage, $689,000 are reserved for
underlying liens, and the remainder ($1,300,000) for future additions
at theirate of 75 per cent of cost, but only when net earnings for preceding year amount to double the interest charge on all of the outstanding
bonds, including those to be issued.
Road—The consolidated road owns and operates about 75*39 miles
of track, and 7-7 m. under construction; total 83 09. Runs from Utica
to Rome; from Utiea to Ilion and Herkimer; from Utlca to Clinton and
to New York Mills; also operates 1782 miles In City of Utlca. Double
track, 80-lb T and 95 lb. girder rail.
EARNiNGS-For year ending Dec. 31, 1902, gross, $516,505; net
$188,256; fixed charges, $121,363; balance, surplus, $66,893.
—
Officers— President, Horace E. Andrews; 1st Vlce-Pres., John J,
Stanley; 2d Vice-Pres. Alden M. Young; Treas., Charles B. Rogers;
Secretary, Walter N. Kernan; Ass't. Secretary and Treasurer, Arthur L.
Linn Jr.; Gen. Man., C. Loomis AUen.—V. 73, p. 288, 723, 1161, 1209,
1265; V.75,p. 795; V. 76, p. 160.
IND.
^VABASH RIVER TRACTION CO.-A trolley road.
Organization— Incorporated
1900 in Indiana.
in
esis control the j^ogansport Rv. Co.
completed extension of 17 miles from
Stock
&
Bonds—
Date.
The same
inter
company building nearly
Wabash to Logansport.
Also
interest.
Outstanding.
Stook,$350,000 ($100)
let mort., $350,000/
Maturity.
$20,000
275,000
1901
5 g. F-A
1931.
c' 5 Int. at New Haven Tr. Co., New Haven, Trust
g
Bonds can be called at any time at 105 and Interest. $75,000 are
($l,oOO),
reserved for extensions.
Earnings-Year ending Aug.
1902. Gross, $60,595 net, $18,824.
Road— Operates about 21 miles of track in and between Wabash and
Peru, Ind. Track standard gauge; rails, 60-lb. T.
Officers— Pre.sident, D. a. Blakeslee; Vice-President, F. C. Boyd;
Secretary, John S. Bradley; Treasurer. Samuel C. Morehouse; all of
New Haven, Conn.— V. 74, p. 207, 269, 989.
1,
V;^ASHINGTON ARLINGTON
RY.-A
CHURCH
Chartered 1894-6-8 and 1902
successor
trolley road.
as the
;
WACO,*TEXAS
CITIZENS' RAILWAY.-A trolley road.
Date, interest. Outstand'g.
Stock & Bonds—
Maturity
Stock
$350,000
Ist mortgage, currency...
1890 6 A-0
350,000
Oct. 1, 1910
Trustee is St. Louis 'ft'ust Company of St. Louis, Mo.
Operates about 19 miles of track. Pres. and Gen. Man., H. C. Scott;
Secretary, T. H. Stuart; Supt., W. S. Rathell —V. 66, p. 84.
^^VASHINGTOJN, D. C.
V/ASHINOTON RAILVTAY & ELECTRIC
For statement of this company, see Street Railway SurPLEiiENX
of November, 1902.
BALTIMORE & WASHINGTON TRANSIT.ORQanization.— Onerates a trolley road extending from Takoma
to Glen Sligo, 2 miles, opened Sept., 1897, and by a trafiic agreement
with the Brlghtwood Electric runs cars into Washington, where transfers are given to city lines. Extension proposed to Sandy Spring, Md.,
14 miles. Stock, $100,000; par, $50. Flr.st mortgage 5s, $500,000,c'
($500), of which only $50,000 has been issued; interest A-O; balance
can only be issued upon completion or extensions and double-tracking.
Guardian Security Trust & Deposit Co., Baltimore. Trustee.
Officers— Pres., W. S. Greene; Treas., Geo. L. Walker; Sec, A. M.
Mellen. Office, 1829 G St., N.W., Washington, D.C.
Gould; Mgr., Wm.
A
CAPITAL TRACTION.— An underground troUey road.
&
Outstanding.
Malxcrity.
$12,000,000
Seetevt.
4 A-O
1,080,000 Apr. 1,1920
SafeDep.
Savings
500,000
Nat.
&Tr.
Co.,
trustee.
5
Dividends— In 1898, July 1, 75 cents; Oct. 1, 75 cents; in 1899, 4
dividends of 75 cents each; in 1900, 3% p. c; in 1901, 4 p. c; in 1902,
Jan.. 1 p. c; Apr., 1 p. c; July, 1 p. c. and on Aug. 20 an extra dlvlnend of $4 per share was paid from proceeds of sale of old power
house. Oct.. 1 p. c. In 1903, Jan., I p. o.
Road— Underground trolley (since April, 1898), double track, 1798
miles. Oppiates 247 closed oars, 239 open cars, 54 other cars; total,
interest.
Text.
cars, and « snow sweeiiers.
Earnings— For years ending Dec.
540
31, 1901:
1902.
1901.
1902.
1901.
$1,381,032 $1,231,683 Charges. .... $110,106 $111,800
Net
749,04«
671,512 Dividends, ... 48<',O00
480,000
* 173,947
Other inc..
21,007
19,677 Surplus
99,387
* Received in addition from real estate sold $!i58,780, from which an
extra dividend of 4 per cent ($4b0,0t0) was paid.
Gross
I
....
I
I
|
FALLS
;
Hinchman.
WASHINGTON BALTIMORE & ANNAPO-
LIS
ELECTRIC
RY.-An electric road.
in Maryland In May, 1901, with
$l,500,0i
capital stock, which was later increased to $2,000,000. as
successor to the Washington <fe Annapolis Elec. Ry. In December,
1902, purchased the entire capital stock ($358,000) of the Annapolis
Wathington & Baltimore RR. V. 75, p. 1301.
Organization— Incorporated
&
Maturity.
Date,
interest. Outstand'g.
Bonds—
Stock
Stock, $2,000,000
$1,400,000
July
1st mort., $2,000,000) 1901
5 g.
1,200,000
1, 1921
gold ($l,00u)
FederalTrust Co., Cleveland, Trustee.
5
Bonds are not subject to call.
Road— Is to operate 31 miles of road between Baltimore and Washington, with a branch, 1 4^2 miles single track, to Annapolis, Total
track when completed about 76 miles. Is under construction and expected to be in operation between Baltimore and Washington by
Oct. 1, 1903.
Officers— President, W. H. Lamprecht, Cleveland; Secretary and
Treasurer, Otto Miller, Cleveland.— V. 75, p. 395, lb04; V. 76, p. 104.
^^^ASHINGTON, PA.
VTASHINGTON
& CANONSBURG RY.-A
troUey road.
Organization.- Successor
Street Ry.
Stock
&
1902 to the Washington Eleotrlo
in
Franchises perpetual.
Bonds—
Date,
interest.
Outstand'g.
Stock, $1,000,000, $50
Maturity.
(?)
Feb. 1, 1927
Ry. mort
$125,000
Jtuy 1, 1932
5 g. J J
475,000
$e50,000, ) 1902
gold
c&r < Int. at North Am Sav. Co., Pittsburg, Trustee.
Bonds- A sinking fund of $5,000 per annum becomes operative after
5 years; $1 2.'>,000 of the new bonds are reserved to retire the bonds of
the Washington Electric "t. Ry. and $50,000 for extensions and betterments after Jan. 1, 1904.
Earnings- For year ending Deo. 31, 1902, gross, $62,949.
Road— Operates in Washington and Tylerdale, and is btiilding an
extension of 9 miles to Cannonsburg.
OFFICERS-President, Francis J. Torrance; Treasurer, W. C. Hagan;
Secretary, Arthur Kennedy.— V. 75, p. 667.
Wash.
El. St.
1st mort.,
.
M^ATERLOO, IOWA.
WATERLOO
& CEDAR FALLS RAPID
TR.ANS IT—Trolley and steam.
Organization.— Incorporated in 1895. In October, 1902, stock was
inrceased from $600,000 to *1, 200,000, to provide for new extensions.
Outstand'g.
Maturity.
interest.
Date.
Bonds—
Stock
$600,000
Stock, $1,200,000 ($100)
600,000 Oct 1, 1922
5g. A.-O.
1st mtge., $800,000, gold, ) 1902
5 Northern Trust Co., Chicago, Trustee.
($1,000)
Bonds.— Ann kin a fund of $15,000 per year for redemption of bonds
commences in 1907. Bonds are subject to call at any time upon 60
days' notice. Interest is payable at First National Bank, Chicago.
Earnings.-For year ending December 31.
Int. dk Taxes.
Surplus.
Oross.
Net.
&
$17,500
$40,226
$86,424
1902
$22,726
A
33-mile extension is building.
Officers.— President and Manager, L. S. Cass; Vice-President and
Secretary, J. F. Ca.ss; Treasurer, E. A. Boggs.— V. 75, p 734, 795.
Road.— Operates 56 miles
of track.
AA^ATERVILLE, ME.
^WATERVILLE & FAIRFIELD RY. & LIGHT.
Organization— In December, 1897, the stockholders agreed to give
the bondholders the right for five years, or imtil the company shall be
In a position to meet all its fixed charges, to elect a majority of the
board of directors, the bondholders, in turn having exchanged their
$200,000 of 6 per cent bonds for a Uke amount of 20-year 58.
Maturity.
Date, interest. Outstand'g.
Bonds—
Stock
$200,000
Stock (par $100) ($200,000)
40,000 May 1, 1937
1897 5 M-N
Prior Hen bonds
200,000 May 1, 1937
5 M-N
Consol. mortgage. Class "A" < 1897
American L. «feT., Boston, trustee.
and Class '"iB"
X
Road— Operates 4-75 miles of trolley between Fairfield and Watersdlle, and furnishes light and power for miscellaneous purposes.
Earnings- For years ending June 30: In 1902, gross (Eleotrlo Lt.
& Street Ry.), $55,784 net, $6,907.
Officers— Pres., Geo. K. Boutelle,Watervllle; Treas., H. D.Bates,
Watervllle; General Manager, Ralph J. Patterson, WatervlUe, Me.
&
;
Organization— Tn the fall of 1895 absorbed the Washington &
Georgetown and Rock Creek companies. See V. 61, p. 283, 328, 588.
Date,
Stock
Bonds—
8tiK,$12,000,000 ($100)
New Ist M. ($500), $1,-) 1900
&
of the Washington &
Arlington Ry. Stock, $100,000; bonds, $100,000 Ist 68, gold, int.
J&J. $350,000 general mortgage 5s have also been authorized, of
which *1C0,000 are to retire the first 6s and $250,000 for extensions.
Owns Aqueduct Bridge to Fort Myer, Arlington National Cemetery,
Corbetts and Nauck, 4-4 miles algo to West End and Falls Church,
Va., 7'5; total, 11-9 mUes.
Standard gauge and steam RR. track.
President,
Rails 5S, 60 and 62 lbs. 16 passenger and 8 freight oars.
O. S. Hinchman; Vice-Pres and Gen'l Mgr., F. B. Hubbell; Sec. and
Treas., C. R.
VALLEY RY.-Troliey
MOHAWK
on
^VABASH,
Officers—President, G. T. Dunlop; Vice-President, C. C. Glover;
Secretary and Treasurer, C. M. Koones; Chief Engineer and Superintendent, D. 8. Carll.— V. 75, p. 239; V. 76, p. 330, 378.
V/AVERLEY,
N. Y.
AVAVERLEY SAYRE & ATHENS TRACTION CO.-A trolley road.
Organization— Incorporated Jan. 23, 1893 stock, $200,000, par
$50, on which 2 p. c. was paid In 1901-02; Ist mortgage, $150,000, 6s,
J&J, due Jan. 1, 1925 $150,000 Issued. Operates 9 miles of track
from Athens, Pa tlirough Sayre to Waverley. President. A. N. BroadC. Wade, both of Jamestown, N. Y.
head Sec. and Treaa.,
;
:
,
;
A
WEBB
CITY, MO.
SOUTHWEST MISSOURI ELECTRIC
RAILV/'A Y.-A
trolley road.
Organization, Etc.— a consolidation on August 21, 1896, of the
South M. Elec. RR., Jasper County Electric and Joplin <fe Galena Eleo.
Ry. In 1900 reported population of places along route was 85,000.
Stock will probably be Increased in March, 1903, to $1,500,000, and
an issue of $1,500,000 bonds authorized.
STEEET RAILWAYS.
&
Stock
Bonds—
Date.
WICHITA, KAN.
^^ICHITA RAILROAD & LIGHT -A troUey road
ana lighting
Maturity.
Interest. Chitstand'g.
$800,000
Stock, $800,000, auth
Mortgagea
Joplin to
terville
Webb
plant.
City, Car1893 6g. M-S $200,000 Mar. 1, 1913
and Prosperitv, -Subiect to call on Mar. 1, after 1903.
Organization —CShartered May 1, 1900, for 20 years, and is successor
Power Co. and the Wichita Electric Ry. &
to the Wichita Ry. Light
Liibjht Co.
Has 20-years franchise and contract for city lighting.
I
$200,000, g., $500.... 6*
Joplin & Galena Elec. RR.
Joplin to Galena, gold,
'
I
(
[
Cartervme to
Carthage
($500)
Int. at Cent. Trust Co., trustee, N. Y. City.
^^^
5
<
<fe
'^'^
^^f
ciu on jfly ?'?ftVl9oV'
^if, t^^Tn" ^^T^lfsl Co^New
<!
**^""'
—
&
Yor^ and
Mississippi Valley Trust Co., St. Louis
.'8180,000 July 1, 1926
6g. J-J
Subject to call on July 1 after 1903.
1896
Interest.
Outstanding.
Date.
Maturity.
Stock
Bonds
$300,000'
Stock, $300,000 ($100)
250,000
1st ntge., $300,000) 1900 5 g. A-O
April, 1920
c 5 Int. at Portland Tr. Co., Portland, Me., Trust.
($1,000), gold
Bonds Bonds are subject to call at 105 on reasonable notice.
Road— Owns 18 mUes of troUey track in Wichita. Kansas.
Officers—President, Geo. F. Duncan, Portland, Me.; Sec'y-Treag.,
Edw. Woodman, Portland, Me.; Supt., W. R. Morrison, Wichita.
—
Nov. 1, 1928
Southw Mo Flfiptrie Tlv C 1^99 6g.M-Non $300,000
any Nov. Ist after 1902.
Subject to caU
2d mort 20
d
«i
OOoi
^
Nat. Bk.of Commerce, N.Y. Trustee.
*^'"""'i Int. at
[Mississippi Valley Trust Co., St. Louis.
Road 10 miles of track connecting Joplin, W«bb City, CartervUle
Carthage, Prosperity, Mo., and Galena, Kansas. Extensions building.
EARNINQS-For year ending Aug. 3i, 1902,£rro88, $206,799; net (after
taxes, &c.), $81,980; interest, $46,500; balance, surplus, $35,480.
Officers—President and Treasurer, A. H. Rogers, Joplin, Mo.; VlcePres.. E. Z. Wallower, Harrisbur?, Pa.; Secretary, A. G. Knisely, of
Harrisburg, Pa.— V. 67, p. 843; V. 69, p. 852.
«5n^?>nn
Jt>csw,wu
93
'
—
^VILLIAMSPORT, PA.
VALLAMONT TRACTION-
For statement of this company, see Street Railway Supplement
November^l902.
of
TVILLIAMSPORT PASSENGER
RY.-TroUey.
\VESTV/OOD, MASS.
NORFOLK
Vv^ESTERN
STREET RAIL^VAY
—An
road opened May
1899. Runs between Dedham. West^
For statement of this company, see Street Railway Supplesient
of November, 1902.
_
Medlield, 9*7 miles. StocK, $100,000, all issued; bonds,
$100,000, 5s, gold, due Aug. 1, 1919. AU outstanding.
Earnings -Year ending Sept. 30, 1902, gross, $24,431; net, $3,271.
Officers— President, John F. Merrill, Quinoy; Treasurer, Fred. S.
WILMINGTON & NEV^-QASTLE ELEC. RY.-
electric
y,
WILMINGTON, DEL.
wood and
Gore, 54 Kilby
St.
Boston.
MEDFIELD & MED WAY ST. BY.— Electric road.
An extension of Norfolk Western St. Ry. from Medfleld into town of
Franklin, Mass., mating total length from Dedham to Franklin 20*3
(1)
mUes; opened June 27, 1900.
Sloek, $100,000, issued. Bonds, $100,000
5s. gold,
due Aug., 1920.
^VESTERLY, R.
VALLEY ST. RY.-A
PAWCATUCK
—
Date,
Outstand'g.
I.
trolley road.
Stock
&
Bonds
interest.
Stock. $75,000, $100 par
iBt
*100 0no gold
e'old -c
o^
I8t M., $100,000,
$75,000
100,000
Maturity.
See text
1914
1894
5 M-N
j^^ in Boston at Am. L. & Tr.(mort. tr'stee).
Dividends— In 1896, 4 p. c; in 1897, 3 p. c; in 1898, 2^2 p. c; In
1899, 1900 and 1901 no dividends were paid.
Earnings—Year ending June 30, 1901, gross, $20,479; net deficit,
$422: charges, $6,362; total deficit, $6,604; in 1900, gross, $18,976;
net. $8,750: charges, $6,039; balance, $2,711.
Road—Operates 6 miles of track laid with 90-lb. and 50-lb. T rails in
Westerly, R. I., and suburbs, extending to Watoh Hill.
Officers— President. William Hoxsey; Sec. and Treas., E. P. Shaw,
Jr.; Gen. Man., E. P. Shaw Jr., 8 Congress St., Boston.
M
^
Orqanization.— Leases the Newcastle & Delaware City Ry., which
has $75,000 capital stock and $125,000 5% gold bonds outstanding.
Interest M.-S. at Security Tr. & Safe Dep. Co., WUmington, trustee.
Stock
&
Bonds—
Date,
^ATHEELING, ^W. VA.
)t
In Sept.
a majority
by President Conderman from the other directors.
Organization- Reorganized on Jan. 1. 1901, as a consolidation of
the Wheeling Ry.. the BeUaire Bridgeport & Martin's Ferry Ry. and
the MoundsviUe Benwood and '\Mieeling Ry.
Company owns a trifle
of the stock
over thirty-nine fortieths of the capital stock of the Citizens' Street
Railway Company, and leases same for 99 years. In Nov., 1901, purchased the entire capital stock ($150,000) of the Steubenvllle Mingo
& Ohio Valley Traction Co.
Date, interest.
Outstanding. Last div., ttc.
Stock
Bonds—
Stock. $2,000,000. $100
Jan., '03,1%
$1,836,300
WheeUng Trac, Ist M., ) 1901 5g.J-J
1.404.000
Jan. 1. 1931
West. Reserve Trust Co., Cleveland, Trustee.
$2,500,000 $1,000,
o*> Interest at Nat. Bank of Commerce, N. Y.
$500. gold
WheeLRy. 1st M.,$500.- ^1892 6 g.M-S
500,000
Sept., 1922
000, gold, $1,000... c* Int. at Central Trust Co., trustee. N. Y. City.
Bel. Brdpt. & Mart'ns' 1893 6g. A-O
150,000
Oct. 1. 1913
Fr. Ist M., $150,000, > Sub.to caU on any A&O on & aft. Oct. 1. 1908.
o*<fer: Int. at Farmers' Loan & Trust.N. Y., Trustee.
g., $1,000
A-O
100.000
Oct. 1. 19;
1927
Monnds iien.
Ren & Wheeling
Jionnas.
wneeiing 5 1897 6 ^^
o^U at par after April 1, 1908.
^ ^^^^^^^
Optional after Sept., 1912.
Bonds— Ot the new $2,500,000 mt?e. $750,000 is reserved to retire
outstanding prior liens. Bonds can be called on any interest day at
105 upon 30 days' notice. The first 6s of the Wheeling Ry. are subject
to call after Sept. 1, 1912.
Dividends— First dividend of 1 p. c. was paid on Jan. 10, 1903.
Road Operates SS^s miles of track in Wheeling and suburbs, extending to Bridgeport, MoundsviUe, BeUaire, Benwood and Martin's Ferry.
Officers.— President, T. H. Conderman, 232 No. 19th Street, PhUadelphia; Vice-Presidents, B. W. Peterson and J. J. HoUoway; Secretary and Treasurer, W. A. Shirlev; General Manager, C. E. Flynn.—
V. 62, p. 279; V. 67, p. 647, ^02; V. 70, p. 77; V .71,lp. 1168; V. 72, p.
88; V. 74, p. 428; V. 75, p. 667; V. 76, 214.
STEUBENVILLE MINGO & OHIO VALLEY TRACTION CO.
&
•
S^
)
)
—
0)
-A trolley
road.
Organization — Owns and operates an electric line from SteubenviUe
to BrUliant, Ohio, 9 miles. An extension from Brilliant to Martin's
Ferry, 14 miles, to connect witii the tracks of the Wheeling Traction
Co., wiU be constructed in 1903. A new power house at Brilliant is to
be completed in March, 1903. Entire capital stock is owned by the
Wheeling Traction Co.
Stock
&
Bonds—
Date.
interest.
Outstand'g.
Maturity.
Stock. $150,000 (* 00)
$150,000
Istmtge.. $150,000, gold) 1900
."ig. J.-J.
150,000 Jar. 1,1920
(« 1,000)
c' 5 Int. at the Trust Co. of America, N.Y..Tru8.
Sond^— Entire issue is subject to call at par upon 3 months' notice
after Jan. 1, 1910.— V. 74, p. 428.
1
'WHEELING & ELM GROVE RY.-A trolley road.
Organization—This is a consolidation of the Wheeling &Elm Grove
Ry. Co.,the Suburban Ry. Co., the Wheeling Park Association and the
Suburban Light & Water Co.
Date.
Interest. Outstanding.
Stock
Bonds—
Maturity.
&
Stock, $150,000 ($50)
Underlying Uene
Ist mortgage. $1,250,000
$67,800
205,500
575.000
AVILMINGTON, N. C.
RAILWAYS, LIGHT &
CONSOLIDATED
FO^VER CO ORQANIZATlON-IncorporatedinNorth Carolina on April 24, 1902,
and is a consolidation ot the Wilmington Street Ry,, Wilmington Gaa
Light Co., Wilmington & Sea Coast RR., WUmington Dummy Line
and the Wilmington Electric Light Co.
Stock & Bonds—
Common, $350,000 ($100)
$150,000 5 p. c.
cum. ($l«0)
1st mortgage. $600,000
c'
)
5
Int.
Date.
)
Outstand'g.
interest.
Maturity.
$350,000
,^0
000
luu.uuu
303,500 July
'
\
5 g. J.-J.
1, 1932
5 1902
c. (Int. at Safe Dep. &Tt. Co., Balto., Md., trust.
gold
Boi.ds are in denomiDation of $50. $100, $500 and S1,000. No
sirkiog fund and are not subject to call. $400,000 can be issued at
once and the remainder when net earnings are 50% in excess of
interest. Including interest on those to be issued.
Road.— Owns 18-09 mUes of track, 1-50 mUes of which Is leased to
the Atlantic Coast Line RR.
EARNINGS-Year ending Dec. 31.1902, gross, $126,425; net, $37,038; interest, $17,161; surplus, 19,877.
F. H GouverOfficers.— President, Hugh MaoEae; Vice-Pres.,
neur; Spcretary. H. Woolcott; Treasurer, R. J. Jones; Gen'l Mgr, A. B.
SkeldiDg.—V. 74, p. 936, 1308.
M
^VINSTON-SALEM, N. C.
"WINSTON-SALEM RAILWAY & ELECTRIC
—A trolley road. In November. 1899. the road was purchased
by the Fries Manufacturing & Power Company and the two properties consolidated.
Organization, Etc.—incorporated in 1891 for 99 years.
&
Date, interest. Outstanding. Maturity,
Bonds
Stock
$574,600
Stock, com. ($600,000) ($100)
100,000
Pref. 6% n.c.$ 100 ($100,000) ..,
450.000 Jan. 1, '40
1st mtg. ($500,000) g., ($1,000), \ 1900 5 g. J-J.
optional Jan. 1. 1910. at 110. \ Int. at N. A. Trust Co., N. Y., Tnis.
Road— Owns 9^8 miles of track, operates 186 arc and 5,625 Incandescent Ughts, and furnishes power for manufacturing purposes.
Also a 30-ton ice plant, park and attractions. Operates 22 cars, in-
cluding trailers.
Earnings— For year eniing Nov. 30, 1902 (Fries Mfg. & Power Co.),
«Toss, $Lu3,6t)0; net after taxes, $35,316; interest, $22,500; sarplus,
$12,816.
Officers—President. H. E. Pries; Vice-Pres.. W. A. Blair; Secy, and
aU of Winston-Salem.—V. 70, p. 127,281,481;
Treas.. B. J. Pfohl;
V. 74, p. 1088, 1091.
_
WOONSOCKET,
R. L
^WOONSOCKET STREET RAIL^^^AYOrganization—Incorporated June 4, 1886. 20-08 miles of track.
In May, 1901, the parties which control this road purchased the charter of the Columbia Street Ry., and intend to buUd the road and lease
It to the Woonsocket Street Ry.
Maturity.
Outstand'g.
interest.
Date.
Bonds—
Stock
&
Stock, $300,000
1st mort., $200,000,
$300,000
185,000
5 J&J
$1,000 each
$ Interest at R. I. Hos. Trust Co.,
Bonds— $5,000 to be paid to trustee July 1, 1898,
thereafter for sinking funds for redemption of bonds.
Earnings- For year ending Sept. 30, 1902, gross,
$25,914; charges, $18,198; balance, surplus, $7,716
Officers—President, Edgar K. Ray; Secretary,
Treasurer, Walter Whittlesey, Chelsea, Mass.
)
1893
July 1, 1913
Pro v.. Trustee.
and each year
$102,962; net,
WUlard Kent»
.
1901
5 A-O
Apr. 1,1931
payable at Wheeling Tit. & Tr. Co., trus.
Bonds— Ot the $1,250,000 issue. $205,500 are reserved to retire
underlying Uens and $450,000 for extensions.
ROAD-Owns and operates 19 mUes of track from Wheeling to Elm
Grove and Point Mills. Extensions from Ti-iadelphla to Valley Grove,
miles,
about completed, and from Valley Grove to West Alexander,
4
5 miles, to be built early in 1903.
Officers —Pre8ident,Paul O. Reymann; Sec. and Treas., Wm. Carle;
General Manager, W. S. Wright.— V. 66. p. 185; V. 72, p. 392. 582.
($1,000. gold
Maturity.
O^itstand'g.
5g. F-A
1896
1st M., $150,000, gold
Pref.,
TA^HEELING
TRACTION.-A trolley road.
was reported that an option had been secured on
1902.
interest.
$175,000 Oct.'02,3%
150.000 Aug.1.1926
5
0'
Interest
at
Real
Estate
Trust Co.. PhUa.
$500&$1,000
(
Dividends—In 1900, 4 p. c. in 1901, 6 p. 0. In 1902, 6 p. c.
Road— Operates trolley road about 17 miles long.
Earnings—For year end. June30, 1901. gross, $64,942; net. $27,968.
Prest.. H. L. Evans, WUmington. Del.; Vice-Prest., W. Saulsbury;
Treas., F. R Morison: ,Seo.. C. P. Holcomb.— V. 73. p. 1161.
Stock
^VORCESTER, MASS.
HAMPSHIRE & WORCESTER
Y.— A troUey
RTHE
Massachusetts Feb.
1901.
-Incorporated
ST.
road.
in
Organization
2,
Is the
connecting link between Springfield and Worcester.
Stock
&
Bonds—
Stock ($100)
Ist mort., $200,000.
c*
gold ($1,003)
Date.
(
1901
i
Int. at
Outgtand-g.
interest.
5
g.
J-D
Amer. Loan
Maturity.
$155,000
&
13.^.000
Deo. 1, 1921
Tr. Co., Boston. Trustee.
STREET EAILWAYS.
94
I
I'
Bond.— TUfo sinking fund and bonds are not subiect to call.
Earnings— For year ending Sept. 30, 1902 (on 5 miles
of track),
rgrOBS, $21,552; net. $7,073.
f
Road— Operates
12 miles of track between Ware and West Brookand connects with the Springfield & Eastern St. Ry. and the
Warren Brookfleld & Spencer St. Ry.
OFFICERS-Pres.. John F. Ross, Boston; Treas., Henry N. Bates.
170 Sumner St., Boston; Clerk, Jas. F. Hill, Warren; Supt., David E,
field,
!
f"
Pepin,
Ware.—V.
73, p. 1313.
..WORCESTER
& BLACKSTONE
VALLEY
road.
STREET
RY—A trolley
Organization— Owns 16-36 miles of trolley. Opened Aug. 14,1897.
Road located in Worcester, Millbury, Sutton, Grafton and Northbridge.
Capital stock. $60,000 (*100),
all
outstanding; bonds, none.
;,The extension from Millbury to Worcester, a distance of 6 miles, was
finished in Oct., 1901, thus completing the line from Worcester to
Whltlnsville, a total of 18 miles.
;
Dividends—Dividends annual.
In July, 1899, 4
p.
c; 1900, July 4
p. c; 1901, none; 1902, cone.
^ Earnings— For year ending September ?0, 1902, grosai $55,810; net
$18,618; charges, $8,561; surplus, $10,057.
Officers—Pres., M.J. Whittall:Vice-Pres. and Treas., Alfred Thomas
WORCESTER
RYS- &
INVESTMENT
CO.-
i^SThlsisa volimtary association formed in 1901 and managed by a
board of trustees, in whom is vested the ownership of the entire capiiltal stock (except only enough shares to qualify directors) of the Worrcester Consolidated Street Railway Co. and of certain other Maasachusetts corporations which are engaged In enterprises closely identitied
[with that of street railway transportation. Vermilye & Co, financed
the undertaking and offered 15,125 shares for sale in August, 1901.
Stock— Outstanding 7 1,898 shares of beneficial Interesu Deed of
trust Brovides that all shares shall l)e non-aasessable, that there shall
be no personal liability of the shareholders, that no pledge or mort"gage of the securities held shaU be made without the consent of twothirds of the shares, and that no additional shares shall be Issued
without a two-thirds vote. Shares are said to be exempt from taxation in Massachusetts.
Dividends—Dividends of $2 25 per share were paid Feb. and Aug.,
1902, and Feb. 2. I9c3.
Trustees—Until 1904, Stephen Salisburv, Worcester, and Samuel
^arr, Boston; until 1905, A. George Bullock, Worcester; until 1906
rr. Jefi'ersonCoolidge Jr., Manchester, and Fred'k W. Kendrick Cambridge.
I
.
Officers— President, A. George Bullock; Treasurer, E. Elmer Poye,
3 Ames Building, Boston.- V. 73, p. 83, 392, 446, 1209; V. 74, p. 153,
729, 989; V. 75. p. 343, 443.
,
WORCESTER CONSOLIDATED ST.
TROLLEY.
This company, which was incorporated in 1869, absorbed by consobdation March I. 1901, the Leominster & CUnton, the Fitchburg &
Suburban Street Rwy.. the Clinton & Hudson Street Rwy., the Worcester & Clinton St Rwy., the Worcester & Marlborough and the Worcester & Suburban. In 1895 leased for 99 years the North End St. Ry.
of 6-13 miles, at a yearly rental of *8,000. The North End has $110,000 r$100) rapital t-tock and $75,000 5 p. c. 1st mortgage bonds due
Feb. 1, 1915; interest. F. & A.
All the stock of the Worcester Consolidated St. Ry. was in 1901 acquired by the Worcester Railways
Investment Company.
STOCK& Bonds—
Date, interest. Outstanding.
Maturity.
Stock $4,050,000 ($100)
$3,550,000 In'01-25p.o.
Wor. con. 1st M.,g,$84 0,000 1900 4i2g.M-S
700,000
1920
Real estate mortgages
5
4,500
On demand
Wor. & Marl. Istmort.,) 1897 5g A-O
200.000
Oct. 1, 1917
$200,000, gold
5 Am. Loan «fe Trust Co., Boston, Trustee.
15-year coupon notes
1897
6 A-O
45,000
Apr. 1,1912
Wor. & CUnton Ist mort. ) 1899 5 g. J-J
115,000 Jan. 1, 1919
gold ($1,000)
5 Am. Loan&Tr. Co., Boston, Trustee.
Road— Operates aboutl40 miles of track, comprising practically the
entire street railway mileage of Worcester, together with lines to
Fitchburg, Leominster. Lancaster. Hudson. Boylston, Berlin, Clinton,
Westboro. Marlborough, Northborough, Shrewsbury, Grafton, Milbury, Leicester and Spencer.
^Earnings- For year ending Sept. 30, 1902: Gross, $1,220,255; net,
$457,686; charges, $279,884; dividends, $177,500; surplus, $302.
^Officers— President, Francis H. Dewey; Treasurer, Justin W.
Lester; Gen. Mgr., Richard T. Laffln.— V. 72, p. 439, 628, 676; V. 73,
p. 83, 392, 446, 723; V. 74, p. 729. 989.
<fe
Dudley, also 1,403 out of the 1.500 shares of tbe Worcester &
Webs'er, are owned. Company Is controlled In the interest of the
New York New Haven &; Hartfori RR. Franchises perpetual, except
Worcester & Webster, which runs until 1948.
interest, (hitstand'g.
Maturity.
Date.
Stock
Bonds—
Stock, $500,000 ($100)
$500,000
1st mort.. s f., gold,)
1902 45«g.JJ 2,050,000
Jan. 1,1943
$3,100,000 ($l,000)c* \ Interest at N. Y. Security &. Tr. Co., Trustee.
Boniis —$1,050,000 are reserved for extensions and Impr-ovements.
A «i>ifcm.(7 /K'irf commences in 1908, when *10 per bond is payable
yearly. Bonds can not be called.
Road— Controls a continuous road from Worcester to Danlelson.
From tbe latter point an extension to Norwich under name of The
Danlelson & Norwich is projected, of which the portion from Danlelson
to Central Village is completed, making total length of completed road
at present 51 miles Extension from Elmvllle eastward is also under
construction to connect with The Providence & Danlelson RB. near
Chesmut Hill. Has a 2,000 H. P. hydraulic water-p 'wer plant, with
1.000 H. P. steam relay, at Wauregan, Conn., and a 1,200 H. P. steam
plant at Oxfo-d, Mass
Officers— President, F. A. Jacobs, Daniflson, Conn.; Treasurer and
General Manager, E. N. Sanderson: Secretary, H. E. Bond, Danlelson,
Conn. V. 75, p. 343, 795, 982, 1033, 1204.
&
THE WORCESTER & WEBSTER
&
Bonds—
&
.
THE WORCEST'^t^pT
& CONNECTICUT
EASTERN
RY.-A trolley road.
his was formerly the Thompson Tramwav Co., incorporated in Connecticut in 1901, but name changed to the above
on Jan. 24, 190^.
'
ST.
RY.—
Outstanding, Maturity.
Stock, $150,000 ($100)
$150,000
Nov. 1. igiS'
1 .=50,000
1st mtge., $150,000) 1899
5 g.
Int. at International Tr. Co., Boston, Trust.
c* s
($1,000), gold
JSond.«— $3,000 Is payable annually into a sinhing fund. Bonds cannot be called before maturity.
Road— Comprises 18 miles of track between Worcester and Webster. Commenced operating Oct. 21, 1899.
Stock
Date.
interest.
MN
VTORCESTER & SOUTHBRIDOE STREET
RY.— A trolley road.
Organization— Controls the Southbrldge & Sturbridge St. Ry. and
the Worcester Rockdale & Charlton Depot St. Ry. Commenced operation July 2^. 902.
Maturity.
Dxtg. interest. Outttanding;
Stock
Bonds...
Stock. $ii/0,0O0 (tlOO)
$500,000
Sept. 1, 1922
500,000
1st mtge., $500,000, ) 1902 413 g. M-3
gold ($1,000)
c* sint. at International Trust Co., Boston, trus.
Road Operates about 20 miles of road between Worcester and
Southbrldge, 70 lb. T rail. Road to be extended to Hartford.
Officers President, Fred. Thayer; Vice-Pres., Geo. W. Wells; Sec,
Treas. and Gen'l Mgr., Wllford A. Bailey; Auditor, E. L. Parker.
Office, 518 Main St., Worcester. V. 75, p. 734, 1356.
&
RY—
(1)
ttORGANizATON.—
The Worcester & Conn. Eastern Ry. bas leased The Worcester & WebThe Webster & Dudley St. Ry., The People's Tramway Co.
and The Danlelson & Norwich St. Ry. The entire capital stocks of
the three last named companies, all the Donds (f 30, 000) of the Webster
ster St Ry.,
YORK, PA.
TRACTION.-A
YORK COUNTY
company, see Street Railway Sctpplbmekt
For statement
trolley road.
of this
of
November, 1902.
_
YOUNGSTOV/N, OHIO.
PENNSYLVANIA
& MAHONINO VALLEY
RY-—A troUey road.
For statement of this company, see Street Railway Supplement
November, 1902.
of
ZANESVILLE, OHIO.
ZANESVILLE RY. LIOHT & POWER CO.Orqanization—Incorporated in 1902 in Ohio and took over the
Street railway, electric light and water power properties of the Zanesville Electric Ry. and the Zanesville Electric Light Co.
Date.
int.
Outstand'g.
Maturity.
Bonds—
Stock
Common stock, $700,000
$700,000
Preferred stock, $300,000
300,000
530,000 Oct. 15, 1912
1st cons. Mort. $1,000,000, > 1902 5 g. A-O
($500, $1,000), gold
] iDt. at Cent. Tr. &S.D. Co.,Clnn., trustee.
&
250,000 Feb. 1. 1919
^g. F-A
^Toirsubi'ec\^oirffih899
^°*- ^* ^°*- '^^^^*' ^°-' Boston, trustee.
1903, $1,000 each
)
new
consols, $250,000 are reserved to retire like
amount of prior bonds callable In 1903; the remaintng $220,000 can
only be issued for future betteruaents, <fec., at not exceeding 75 p. c.
of actual cost.
Road— Operates 10 miles trolley on 8 miles of street. Rails 50 and
92-lb. Contract with city for supplying 252 arc lamps at $73 50 each
per year.
Earnings— For year to July 31,'02, of consolidated properties, gross,
$130,.577; net. $B2,288; Int., $36,500; balance, surplus, $25,788.
Officers— President, F. A. Durban, Zanesville; Vice-President, H.
M. Byllesby, Chicago; Treasurer, W. D. Breed, Cincinnati; Secretary,
W. A. Gibbs, Zanesville.-V. 68, p. 41, 87; V. 75. p. 908.
Botid's.—'of the
NE^A^ COMPANIES.
The following furnishes a reference to the volume and page of the Chronicle where information can be found concerning a number
of companies not represented in the pages of the Street Railway Supplement. These are either newly organized companies tbe affairs
of which have not yet advanced sufficiently far to warrant the presentation of a regular statement regarding them, or else companies
from which it has not been found possible to secure full returns.
AMERICAN ELEVATED RR. CO. V. 74, p. 149, 528, 829, 1088;
ASHLAND & WOOSTER RR. V. 76. p. 1398.
BAY SHORE TKRMINAL CO. V. 73, p, 81; V. 78, p. 4P6, 732.
V.
75. p. 440.
BLUE GRASS CONSOLIDATKD TRACTION CO. V. 73. p. 1207, 1283.
BOSTON & PROVIOENCK KLKCTRIO RY. V. 75, p. 497.
BRISTOL & NORFOLK STREET RY. V. 76, p. 484.
BCFKALO GARDKNVILLK & EBENEZER RY. V. 74. p. 774.
BUFFALO NIAGARA FALLS & ROCHESTER RY. V. 73, p. 183.
CHESAPEAKE TRANSIT CO. V. T6, p.2ll.
FORT WAYNE DAYTON & CINCINNATI RR. V. 74, p. 205.
GADSDEN & ATTALLA UNION RY. V. 72, p. 241, 391, 580; V. 73, p. 236.
GRKENSBORO ELECTRIC CO. V. 75. p. H49.
HAMBURG RAILWAY CO.
HAVANA & JALVlAIflTAS
V.74,
p. 1365.
RR. V.
OAKLAND & SAN JOSE RB. V.75,p.8t9.
OHIO NORTHWESTERN ELECTRIC RY. CO. V. 74. p. 478, 1197.
ONEl DA TRACTION CO. V. 73, p. 616.
PARKERSBURG INTERORBAN RY. V. 73, p. 287.
RAILWAYS & LIGHT CO. OF AMERICA. V. 73, p. 185, 1011; V. 75, p. 794.
ROCHKSTKR RYRACUSK & EASTERN RY. V. 75, p. 794.
ROCKAWAY ELECTRIC RY. V. 74, p. 937.
ROCKFORD BELOIT&.IANESV. INTERURBANBLBC.RR. V. 73, p. 446. 664.
ST. LOUIS & ILLINOIS SUBURBAN RY. V. 73, p. 616. 900.
ST. LOUIS & O'FALLON RR. V. 76, p. 1855; V. 78, p. 103.
SALEM POWKR, HKAT & TRACTION CO. V. 72, p. 53 1035, 1239.
SALT LAKBi SUBURBAN RY. V.76, p. 213.
SAN FRANCISCO OAKLAND & SAN JOSE RY. V. 74, p. 1309; V. 76, p. 49.
SAN JOSK A SANTA CLARA RR, V. 75, p. 499.
HHREVEPORT TRACTION CO. V. 75, p. 550; V. 76. p. 159.
STOUGHTON & RANDOLPH STREET RY. V.
p. 445; V. 75, p. 395, 448,
1,
75, p. H49, OOH.
INDIANAPOLIS A LOGANSPORT TRACTION
IOWA HK.MATITB RY. V. 75, p. 498.
LAKE ERIE TRACTION CO. V.75,p.907.
NEW PALTZ & POUGHKEEPSIE TRACTION CO. V. 76, p. 1400.
NEW YORK & PORTCHESTER RY. V. 73, p. 83; V. 74, p. 884; V. 75, p. 186.
CO.
V.
7,S,
p. 236.
LIMA (PERU) STREET RV. V. 75. p. 184.
LOWELL & BOSTON STREET RY. V. 72, p. 87; V. 78, p. 494.
MANKATO & ST. PKTKR RY. & LIGHTING CO. V. 74, p. 884.
MARLBORO & WESTBORO STREET RY. V. 78, p. 82.
MICHIGAN & WEST SHORE TRACTION CO. V. 73, p. 663.
M0NT<'OMERY TRACTION CO. V. 75, p. 2*0, 552.
MONTICBLLO FALLSBLRGH & WHITE LAKE RR. V. 76, p. 48.
NATCHKZ ELECTRIC 8TRKBT RY. & POVYBR CO. V.76, p. 394.
NEVADA COUNTY TRACTION CO. V. 73, p. 138.
NEW ORLEANS & SOUTHWESTERN RR. V 75.'p. 77.
7,3,
612,
8.50,
982; Y. 76. p. 108, 436.
SYRACUSre & ONTARIO RR. V.
p. 1204.
TOLEDO COLUMBUS SPRINGFIELD & CINCINNATI RY. V. 73, p. 446.
TOLKDO NOKTHKRN RY. V. 72, p. 676.
VINCENNES CITIZENS' STREET RY. V. 76. p. 38t.
WASH'TON WEST.\liNSTER * GETTYSBURG ELEC. RY. V.73, p. 1314.
WESTBOROUGH & HOPKINTON STREET RY. V. 76, p. 1088.
WEST Cn BSTER STkEET R Y. V. 74, p. 1040; V. 75, p. 188.
WEST MICHIGAN TRACTION CO. V. 73, p. 958; V. 76. p. 186, 550.
7,';,
INDEX TO KAlLWArS.
95
INDEX TO RAIL^A^AYS.
Pap e
Bedford & Cleveland RR—See
Northern Ohio Traction & Light Co.
Alameda Oakland & Piedmont— See Oakland Transit Co
Albany & Hudson Ry. & Power
Albany Ry.—See United Traction (Albany).
Algiers Gouldsboro & Gretna Ry
Allegheny & Bellevue—See Fed. St. & PI. V.
Allegheny St.— See Federal St. & Pleas.Val.
Allegheny Traction—.^ee Cons'd Trac.Sys..
Allentown Electric Light &. Power—See
LehlKh Valley Traction
Allentown & Kutztown Traction Co..
Allentown & Reading Eleo. St. Ry.-See
Allentown (fe Kutztown Traction Co
Allentown & Lehigh Valley Traction— See
Lehigh Valley Tra,(>tion
Allentown&Slatingt'n— See Leh. Val. Trac.
Alley Elevated.— See South Side Elevated.
Alliance Electric Ry.- Sfe etarkElec. RB.
Alton & East Alton Ry. & Power Co
Alton Improvement Ass'n- See Alton Ry.
Gas & Electric Light
Alton Ry. Gas & Electric Light
Alton Railway & lUumiuating—See Alton
Ry. Gas & Electric Light
Altoona & Logan Valley Electric Ry.— i?ee
Bellevue Water
Akron
5
.
62
43
5
56
72
72
72
& Fuel
Page.
Gas Light Co.— See
&
Cln. Newp't & Coviufjton L't
Tract. Co. 29
Belt Electric Line (Lexington, Ky.)—See
Lexington Ry
Bennington & Hooslck Valley Ry
Benton-^ellefontaine Ry—See Un. Dep. RR.
Benton Harbor & St. Jos'ph Elec. Ry. & Lgt.
Bergen County Traction— See N. J. & Hudson Ry. & F
Bergen Turnpike Co.— See J, C. Hoboken
&, Paterson Ry
,
5
6
Berkshire Street Ry
Berwyn & Laurel Eleo
6
Electric Co
Beth. & Nazareth— See Leh. V. Trac
6
5
25
20
6
6
6
6
-See United Ry.
Co.,
66
64
General
Amesbury & Hamnton- See New HampCo
Amherst & Sunderland
37
shire Traction
Amsterdam
Anacostia
Street
RR
St.
Ry
6
6
& Potomac River RR
Anderson Elec.
St.
Annapolis War-h.
92
Ry.-See Union Trac. Co.
& Bait. RR.— See Wash.
Annap. «& Bait. Elec Ry
Anniston Electric & Gas Co
Ardmore <fe Llanerch St. Ry.-See Phlla.
& West Chester Traction Co
Arlington Heights Motor Ry
Asbury Park & Sea Gii-t RR...See Atlantic
Coast Electric RR
Asheville & Biltmore St. -See AsheviUe
6
.
92
7
65
87
43
81
81
40
42
73
«fc
Beverlv & Danvers-Spc Boston & Nor
Biddeford & Saco Railroad
Binghamton Lest. & Union— See Bing. RR.
Binghamton RR.—See Binghampton Ry.Co.
8
5
14
10
10
10
10
Binghamptou Railway Co
Birmingham KnoxvUle & Allentown Traction—See Pittsb. & Birmingham Tr
72
Birmingham Railway & Electric— See Bir-
mingham Ry.
Lt.
& Power.
10
Birmingham Ry. Lgt, & Power
10
Black Rock & Salisbury Beach—See Haverhill & Amesbury
42
American Rys. Co
65 Bleecker Street & Fulton Ferry
Metropolitan St. Ry. System
American Engineering Co.— See Railways
American Railways Co
47
RR— See
Bloomfleld Street^See Pittsburg Tr. Sys... 73
Bloomington Electric Light Co.—See
chusetts Electric
Boston & Providence Electric Ry
48 Boston & Revere Elec—See Boston &
Northern Street Ry
Street Ry
7 Boston f*uburban Electric Companies
AsheviUe Street RR
7 Boston & Worcester Electric Companies.
Ashland (Wis.) Light, Power & Street Ry.
7 Boston <te Worcesi er Street Ry.-See Boston
Ashland ife »Voo.ster RK.
94
& Worcester Electric Cos
Ashtabula Rapid Transit
7 Bowling Green Railway
Astoria Electric Co. (Ore.)
7 Brartdock & Turtle Ci'eek Passenger RailAtchison Ry. Light & Power
wav— See UnitedTraction
7
Atchison Ry. Light, Heat, Power & Water
Bradford Electric Street Ry
Co.— See Atchison'Ry. Lt. & Power Co... 7 Braintree St. Ry.-See Mass. Elec. Co.'s
Athens (Ga.; Electric Ry
7 Braintree & Weymouth St. Ry.—See Old
Athol & Orange Street Ry
Colony St. Ry
7
Atlanta Consol. St. RR.— See Georgia BailBridgeport (Conn.) Traction.— See Conn.
way & Electric Co
Ry. &LightingCo.
8
Atlanta Railway & Power.-See Georgia
Bridgeton Electiic-See Am.Ry8.Co.(Phil.)
Railway & Electric Co
8 Bridgeton & Millv. Tr. - See Am. Rys. Co
Atlanta Rapid Transit —See Georgia RailBridgewater Whitman & Rockland St. Ry.
way & Electric Co
—See Old Colony St. Ry
8
Atlanta Steam Co,— See Ga Ry. & Elec. Co. 8 Brlgantine Transportation Co. (formerly
Atlanta St. RR.— See Ga. Ry. & Eleo. Co.
Brigantine Transit)
8
Atlantic Ave. RR.— SeeBblyn Rapia Trans. 15 Brightwood Ry-See Wash. Ry. & Elec. Co.
Atlantic City & Suburban Traction Co
8 Bristol County St. Ry.-See Mass. SecuriAtlantic Coast Electric RR
ties Co
48
Atlantic Highlands Bed Bank ife.Long Br'h.
Bristol & Norfolk Street Ry
— SeeMonmouth Co. Electric.^
48 Bristol & Plain ville Tramway (Conn.)
. .
10
10
10
94
14
i1
10
14
14
94
14
11
50
.
. .
Auburn City Ry.—See Auburn & Syi-. Elec.
Auburn Interurban Electric RB.— See Au-
8
Auburn
8
8
& Syracuse Electric
& Syracuse Electric BR
Augusta & Aiken Ry.— See North Augusta
burn
& Improvement Co
8
Augusta-Aiken Ry. & Electric Co
8
Augusta (Me.) HaUowell & Gardiner RR.—
See Aug. Wtnthrop & Gardiner
8
Augusta rGa.) Ry. <fe Electric Co
8
Augusta Winthrop & Gardiner Ry
8
Aurora Elgin & Chicago
22
Aurora & Geneva— See Elgin Aurora &
Ry.
Southern Traction
Aurora
(111,)
Street
37
Ry.-See Elgin Aurora
& Southern Traciion
Aurora Wheaton& Chicago By.— See Aurora
Elgin & Chicago Ry
Austin Electric Ry
Austin (Tex.) Rapid Transit By.— See Austin Electric
By
37
22
8
8
Baden & St. L. RR.— See United Rye. Co.
.
aUston Tenn'l RR. (Ballston Spa, N.Y.)
Baltimore CatonsviUe & Ellicott's Mills
Pass. RR.— See United Rys. <fe Elec. Co.
Baltimore City Passenger Railway— See
United Rys. & Eleo. Co
Baltimore Consolidated Ry— See United
Rys. AElec. Co
Baltimore & Curtis Bay Ry.— see United
Rys. AEleo
.
Gardens V. & Belair Eleo. Ry.-See
United Rys. & Elec
Bait. <s Jerusalem Turnpike— See United
81
8
8
8
8
8
Bait.
Rys.
&
Elec
8
8
Baltimore & Laurel Elec. Ry.-See United
Ry. <fc Electric
9
Bait. Middle Riv. & Sparrows Pt. Eleo. Ry.
9
Baltimore & Northern Electric Ry,— See
United Rys. & Electric Co
8
Bait. Sparrows Pomt & Chesapeake By..
9
Baltimore Ti-action— See Unit. Rys. & Elec.
8
Baltimore & Washington Transit
94
Bangor Hampden & Winterport Ry
9
Bangor Orono & Old Town Ry
9
Bangor Street Ry.-See Public Works Co.
9
Barre & Montpelier Traction & Power
9
Bath St. Ry.— SeeLewlstonBr'nsw'k&Bath 47
Bay Cities Consolidated Railway
9
Bay Shore Terminal Co
94
.'.
Beatrice (Neb.) Elec. Co
[" xo
Beaver Valley Traction
10
BeUalre Bridgeport (O.) & Martin's Ferry
Street Ry.-See Wheeling Traction
93
Belle City Eleo. Co., Racine, Wis.— See Milw.
L.H.
52
.
'
"
,
&T
Bristol Pass.
Ry.-See Pliiladelphia Bristol
& Trenton Pass. Ry
Broad Ripple Traction
B'way & 7th Ave. RR—See Met.
Broadway
Surf.
—
. .
5^
Bloomington & Normal
Bloomington & Normal Ry
Bloomington & Normal Ry. Electric &
HeattDg Co
Blue Grass Consolidated Traction Co
Boston & Chelsea— See Boston & Northern
Boston Consol. Street— See West End St. Ry.
Boston Elevated Ry
Boston Milton & Brockton .—See Old
ColonySt. Ry
Boston & Northern Street Ry.-See Massa-
PAGE.
Calvary Cemetery Greenpoint & Brook15
lyn Ry.— See Brooklyn Rapid Transit
Cambridge RR^SeeWest End St.Ry., Boston 11
Gloucester
Woodbury
Camden
&
Ry.-See
20
So. Jersey Gas Elect. & Traction
Camden Horse RR.— See Camden & Subur'n 20
43
Camden Inter-State Ry.
20
Camden & Suburban Ry
Camden & Trenton
20
Canal & Claiborne RR.— See N. O. Ry
56
Canandaigua Eleo. L. & RR.— See Ontario
20
Light & Traction
20
Can ton- Akron Ry
Canton-Massillon Electric Ry.-See Can20
ton-Akron Ry
Cane Mav Del. Bay &Sewell'8 Point Elec. Ry 21
Capital Ry. (Frankfort, Ky.)—See Frank38
fort & Suburban
92
Capital Traction
86
Carbondale Ry. See Scranton Ry
Carbondale Traction.— See Car. Ry
86
Carpentersv. El. & Aur.—See El. Aur. &
37
Southern
Cass Avenue & Fair Grounds Ry— See
United Railways Co
81
Catharine & Bainbridge Streets Ry— See
Union Traction
66
Cayuga Lake Elec. Ry.-See Ithaca St. Ry
44
Cedar Rapids & Manon City Ry
21
Central Avenue Ry. (Oakland, CaL)— See
Oakland Transit Co
62
Central Crosstown RR.—See Met.St.Ry.Sys 58
Central Elec— See Sacramento Elec.G.& Ry. 79
Central Eleo. Ry. (Kans).— See Met. St. Ry. 46
Central Market St. Ry. (Columbus)
29
Central Park North & East River RR.— See
Metropolitan St. Ry. System
58
50
15
71
15
14
Central
Central
Central
Central
Conn.
Central
Central
Ry.-See Louisville Ry
50
Ry.-See United Rwys. & Elec. Co. 8
Ry. (Peoria, 111.)
64
Ry. & Electric (New Britain).— See
Pass.
Ry.
&
Light
Ry
Traction— See Cons'd Trac. Sys
Trac. (St. Louis, Mo.).—See United
Railways Co
Central Traction— See Sioux City Traction.
Ceramic City Lt. Co.— See E. Liverpool Ry.
Chagi-in Fails & Eastern Electric Ry.-See
Eastern OWo Traction Co
Chambers
St.
Ry
St.
& Grand
St.
64
64
St.
Ry. Sys.
Brockton Bridgewater & Taunton St. Ry.
—See Old Colony St. Ry
Brockton & East Bridgewater St. Ry.-See
Old Colony St.Ry
Brockton & Plymouth St. Ry
Brockton Street Ry. S<»e Old Colony St.Ry.
Brooklyn Bath & West End RR.— See
Brooklyn Rapid Transit
Brooklyn & Brighton B<,ach— See Brooklyn
Rapid Transit
Brookly n Cable Co.— See Nassau Electric.
Brooklyn City & Newtown RR.— See Coney
& Brooklyn
Brooklyn City RR—See B'klynR.T
Brooklyn Crosstown Railroad— See B'klyn
Rapid Transit
Brooklyn Heights RR.— See B'klyn R. T
Brooklyn Queens County & Suburban RR.—
See Brooklyn Rapid Transit
Brooklyn Rapid Transit
.'
Brooklyn (O.) St. RR.—See Clev. Elec Hy..
Brooklyn Union Elevated.— See Brooklyn
Rapid Transit
Brunswick Trac— See Middlesex & Som.Tr.
Buffalo BeUevue & Lancaster Ry.— See In-
28
57-
Charles River Street-See West End St
11
Charles St. Ave. Turnpike— See United
Railways & Elec
8
Charleston City Ry— See Char. Consol. Ry.
21
21
& Elec
Charleston & Seashore RR.— See Charleston
Con. Ry. Gas & Electric
21
Charlotte Electric Ry. Light & Power Co... 21
Charlotte Street Ry.-See Charlotte Eleo.
Ry. Light & Power Co
21
14 Chattanooga Electric Ry
Chattanooga & Lookout Mountain RR
15 Chattanooga Rapid Transit — See Bapid
Transit of Chattanooga
92
Chesapeake Transit Co
89 Cheshire St.Ry.— See Conn. Ry.& Light Co.
94 Chester Darby & Philadelphia— See Chester
Trac
15
Chester & Media Electric Ry.— See Chester
Traction
65
43 Chester Street Ry.—See Chester Traction.
58 Chester Traction
58 Chicago City Ry
Chicago Consolidated Traction—See Chic.
Union Traction
14
. .
RR— See B'y &7th A ve.RR.
81
87
35
Ferry. See Met.
Gas &Elec
14 Charleston Consol. Ry. Gas
15
15
72
Chic.
&
Desplaines Vail.
21
21
21
94
15
70
70
70
70
22
23
Elec—See Amer.
Rys. Oo
64
14
22
74 Chicago Electric Traction
14 Chicago Elec. Tran.— See Chicago Con. Trac. 23
22
Chicago General Ry
15 Chicago & Harlem— See Lake St. Elevated. 24
Chicago & Jefferson Urban Transit
Chicago Consol. Trac
— See
23
65
22
Chicago & Milwaukee Electric
19 Chic. No. Shore St.— See Chic. Consol. Trac 23
15 Chicago Pass. Ry.— See West Chic. St. RR. 24
Chicago <fe So. SideR. T.— SeeSo. Side Elev. 25
22
15 Chicago Union Traction
15 Chicago WestDiv. Ry.— SeeW. Chic. St. RR. 24
Chippewa Valley Electric Railway (Eau
35
Claire, Wis.)
15
15 Christopher & 10th Streets RR.— See Met. St.
58
Ry. System
26
Cicero & Proviso St. Ry — See Ch. Con. Trac. 23
1? Cincinnati Covington & Erlanger- See Cin.
29
Newport& Cov
55
Cincinnati Davton & Toledo Traction Co.. 25
ternational Traction
19 Cincinnati ife Eastern Electric Ry.-See InBuffalo & Depew Ry.— See Railways Com25
terurban Ry. & Terminal
pany General
66 Cincinnati Georgetown A Portsmouth Ry. 25
Buffalo East Side St. Ry— See Intern. Trac. 19 Cincinnati & Hamilton Traction Co
26
Buffalo ikLockport St.Ry.— See Intern.Trac. 19 Cincinnati Interurban Co ..
26
Elect.
Buffalo Hamburg & Aurora Ry
19 Cincinnati Laurenceburg & Aurora
Buffalo Niagara Falls & Rochester Ry.
25
St. Ry
94
Niagara
Buffalo &
Falls Electric Ry.-See
Cincinnati Newport & Covington Light <fe
International Traction
29
Traction Co
19
Buffalo Ry.-See International Traction... 19 Cincinnati Newport & Covington Ry —See
29
Buff. Ton. & Niag. FaUs Elec. RR.— See InCin. Newp. & Cov. L't. & Traction Co
ternational Traction
19 Cincinnati Northwestern. — See Cin. DayBuffalo Traction— See Intern. Traction
25
ton & Toledo
19
Buffalo ik Williamsville Electric Ry
19 Cincinnati St Ry.-See Cincinnati Tract... 26
Burlington County Traction Co..
26
53 Cincinnati Traction Co
Burlington (Iowa) Ry. & Light Co
20 Citizens' Electric L. & P. Co. of Delaware
Burlington (Vt.) Traction
County See United Power (feTransport'n 68
20
Butte Consolidated Ky—See Butte Eleo. By. 20 Citizens'Elec. Ry. L. &P. Co., Mansfield, O. 50
Butte Electric Ry
20 Citizens' Elec. St. Ry., Newburyport, Mass. 60
Citizens' Lt. & Power.-See Kokomo Ry. &
UglitCo
47
20
Cairo (HI,) Electric Ry
alais (Me.) Street Railway
20 Citizens' Light & Power (Slatington).— See
California Gas & Electric Co.— See SacraLehigh Valley Traction.
5
mento Electric Gas & Railway Co
94 Citizens' Pass. Ry.-See Harrisburg Trac... 41
California Pacific Ry
49 Citizens' Pass. Rv. (Phila.)—See Union Tr.. 66
California Street Cable
82 Citizens" BR., Light & Power Co, (FishkUlon-Hudson)
Calumet Electric St. Ry
38
22
. .
15
17
Chic.
& Joliet Elec. RR. —See Amer. Rys. Co.
.
INDEX TO EAILWAYS.
96
Paok.
Louis)—See United Rail
81
Citizens' Ry. (Waco, Tex)
92
Citizens' Ry. L. & P.— See Norfolk Ports61
inoutli& Newport News Co
53
Citizens' Ry. & Light Co. (Muscatine)
53
Citizens' Rapid Transit— See NashvUle Ry.
Citizens' St. RR. (Indianapolis, Ind.)— See
43
Indianapolis St. RR
Citizens' Street RR.— See Memphis St. Ry.. 61
Citizens' St.—See Citizens' RR., Light &
38
PowerCo
Citizens' Street Ry. (Muncie, Ind.)— See
Union Traction of Indiana
6
33
Cltlzens'Trao. Co.— See Detroit United
RR.
ways Co
citizens'
(St.
.
Citizens' Trac.
(Oil
City).— See Venango
Power & Traction Co
Traction
Citizens'
(Oshkosh, Wis.)
— See
Winnebago Traction
Citizens' Traction— See Cons'd Trac. Sys. ..
Citizens' Traction.- ?ee San Diego Elec. Ry
City Electric Ry.— See Decatur Traction
.
&
ElectricCo
City Electric
Detroit* PortH. Shore Line
&
&
&
Cleveland & Eastern Ry.— See Eastern Ohio
Traction Co..
Cleveland Electric Ry
Cleveland Elyrla & West.- See Cleve. &
Southwestern Trac
Cleve. & Elyria Elec— See Clev. Ely. & W.
Cleve. Painesville & AshtabiUa RR
Cleveland Painesville & Eastern RR
Cleveland <fe Southern Ry.— See Cleve. &
Southwestern Trac. Co
Cl^veland & Southwestern Traction Co
Clifton Suspension Bridge- See International Traction
Coal Castle Elec. Ry.— See Pottsvllle Un.
Traction
CoalviUe Pass.—See WUkesb. & W. Va. Tr..
.
CohoesCityRy
Colfax Ave. Elec— See Denver City Tram.
Colonial City Traction— See Kingston Con.
sol.
Ry
33
79
31
38
8
51
74
84
92
26
26
28
26
26
28
26
26
26
28
26
26
26
19
75
69
28
32
Columbus Delaware
Marion
29
Columbus & 9th Av. RR.— See Metropolitan
<<?
57
Columbus Grove City & Southwestern Ry.
—See Columbus London <& Springfield Ry. 29
Columbus London * Springfield Ry
29
Columbus Newark & Zanesville Elec. Ry.
See Newark & Granville
60
Columbus, Ga., RR
Columbus Railway (Ohio)
28
28
Commonwealth Avenue Street Ry.— See
Boston Sub. Elec. Co
11
Compton Heights Union Depot & Mer-
—
chants' Terminal Ry See United Rys. Sys.
Concord Mnynard & Hudson Street Ry
Concord Street Ry
Ooney Island & Brooklyn RR
Coney Island & Gravesend— See Nassau
Electric
Conestoga Traction.— See Lancaster Co.
Ry. <te Lt
Conn. Ry. & Lighting..Conshohocken Ry— See Schuylkill Valley
Consolidated Rys. Light & Power Co. (Wilmington, N. C
Consolidated Railway & Power Co.
Consoudated St. Ry. (Grand Rapids, Mich.)
—See Grand Rapids Ry
Consolidated St.— See Portland (Ore.) By..
81
29
29
19
.
& Port Huron Shore Line
Detroit Lake Shore «feMt. Clemens Ry.-See
Detroit & Port Huron Shore Line
Detroit & Northw.— See Detroit United Ry
Detroit & Pontiac Ry.-See Det. United Ry.
Detroit Plymouth Jj NorthvUle Ry.-See
Detroit & Clilcago Traction
Detroit & Port Huron Shore Line
Detroit Ry.-See Detroit United Ry
Detroit Rochester Romeo & Lake OrionSee Detroit & Flint Ry
Detroit Sub. Ry.-See Detroit United Ry...
Detroit United Ry
Detroit Utlca & Romeo Electric— See Detroit United Ry
Detroit Ypsilantl Ann Arbor & Jackson Ry.
Dighton 8omer.set & Swansea St. Ry. -See
Old Colony St. Ry
Dover Sonjersworth & Rochester— See New
Hampshire Traction Co.
Doylestown
Doylestown
Philadelphia Rapid Transit Co
5
31
31
38
31
31
Dartmouth .tWestport St. Hy., New Bedford 55
Davenport Ai Rock Isl. Ry— See Trl-City Ry. 31
Dayton Covington & Plqua Traction
32
Dayton Lebanon & Cincinnati Ry
31
Dayton & Northern Traction Co
32
Dayton <& Soldiers' Home RR—See City Ry. 31
33
33
33
33
44
33
33
33
33
33
33
35
14
37
66
.
Duluth-Superior Traction
35
Dund., Sparrows Point * N. Point Ry.-See
Bait. Sparrows Point & Ches. By
9
Dunkirk <fe Fredonla RR
39
Duquesne Traction—See Consol. Traction 72
East Cleveland— See Cleveland Electric
. .
astEndSt. Ry.-See Memphis St. Ry
Eastern Ohio Traction.
East H. Pass. See Harrisburg Traction
East Hartford & Glastonbury Street RR.
See Hartford Street Ry
East Liverpool Railway
East Liverpool & Wells ville Street RR.— See
East Liverpool Railway
East McKeesport St. Ry.-See Phila. Co
East Middlesex Street Ry.-See Boston &
Northern Street Ry
East Ninth St. Ry. - See Pacific Electric Ry.
East Oakland St. Ry.-See Oakland Tr. Co.
East Omaha Street Ry.-See Omaha C. B.
—
. . .
&Suburban.
East Reading Elec
26
51
28
41
41
35
35
7a
14
49
59
62
Ry—See Reading Tract. 69
East St. Louis Electric Street RR— .See East
St. Louis & Suburban Co
35
East St. Louis & Suburban Co
35
East Side Elect. (Kansas City)— See Metropolitan St. By
46
East Side Ry.Portland City & Oregon(Portland. Ore.)
74
East Side Trac. (Syracuse, N. Y.)
89
47
15
69
93
33
D. D. E. B'd way ct Bat.— See Third Ave. Sys. 59
Dubuque Street Ry.-See Union Electric. . 35
Duluth St. Ry.-See Duluth Superior Tract. 35
Easton Con. Elec— See Lehigh Val. Trac...
Easton Palmer & Bethlehem Elec By.— See
Easton Consolidated Electric
Easton Transit— See Easton Con. Electric.
Edison Electric of New Orleans— See N. O.
82
33
33
33
33
& Easton Street Ry.
35
& Willow Grove Ry.-See
Easton&Beth'hemTran.- SeeEas.Con.Eleo.
29
Corning & Painted Post St. Ry
Corrigan Consolidated St. Ry — See Metropolitan Street Ry., Kansas City, Mo
46
29
Cortland County Traction
Cortland & Homer Traction.- See Cortland
29
County Traction
Council Bluffs Street Ry.— See Omaha &
62
Council Bluffs Ry. & Bridge
Crosstown St. Ry. (Buffalo)— See Inter. Trac 19
28
Crossto wn St.—See Columbus Ry
Cumberland Valley Traction Co
41
(Cumberland & Westernport Elec Ry
48
Dallas Consolidated Electric Street Ry,—
Hec Dallas Electric Corporation
..
Dallas Electric Corooration
Dallas & Oak Cliff Electric Ry.— See North.
Tex. Traction
Danbury (Conn.) & Bethel Street Ry
Danville (111.) Street Ry <S£ Light
Detroit City Ry.-See Detroit United Ry
Det. Citizens' St. Rv.— See Det. United Ry.
Detroit Elec. Ry.-See Detroit United Ry.
Detroit & Flint— See Detroit United Ry.
Detroit Fort Wayne & Belle Isle Ry.-See
Detroit United Ry..
Detroit & Lake St. Clair RR.— See Detroit
17
40
74
Consolidated Traction of New Jersey
45
Consolidated Traction of Pittsburg, Pa
72
Continental Pass. Ry— Bee Union Traction. 66
Coplay Egypt & Ironton— See Lehigh Valley inaction
.
.
46
Ry
.
.
28
Colorado Springs & Interurban Ry
Colorado Springs Rapid Transit. —See Colorado Springs <te Interurban
28
Columbia, S.C., Elec St. Ry. Light & Power 28
Columbia Railway
92
Columbus Buckeye Lake & Newark Trac. . 29
Columbus Central Ry.— See Colirmbus Ry.. 28
Columbus, O., Consolidated Street Ry.—
28
See Columbus Ry
Street
. .
.
62
72
82
(Port Huron, Mich.)— See
City Electric Ry. (Rome, Ga.)
City RaUway (Dayton, Ohio)
City Ry.— See Northern Texas Traction
Elect.
City & Suburban— See Un. Rys.
Co. of Bait
City & Suburban RR.— See Memphis St. Ry.
City & Suburban Ry. (Portland, Ore.)
City <fe Suburban RR. (Savannah, Ga.)— See
Savannah Electric Co
City «fe Suburban Ry., Wash., D. C
Cleveland Berea Elyrla <fe Oberlln Ry.— See
Clev. & South-western
West.
Cleve. & Berea St. Ry— See CI. Ely.
Cleveland
Chagrin Falls Electric— See
Eastern Ohio Traction Co
Cleveland City Cable Ry.— See Clev. C. Rv.
Cleveland City Ry
«fe
. .
62
32
Ry
Page.
Dayton Springfield & Urbana Elec Ry
31
Spring
Vail.
Dayton
& Wilmington Transit.
Dayton
—See
& Xenia Trans t
32
Dayton Traction— See Cin. Dayton <fe Tol.
Traction Co
25
Dayton & Troy Electric
32
Dayton & Troy Traction— See Dayton Covington & Plqua Traction
32
Dayton & Western Traction
32
Dayton Xenia Transit Co
32
Decatur Traction & Electric Co
32
Delaware County & Philadelphia Elect. Ry.
— See United Power & Transportation..
68
Delaware Electric Traction Co
35
Denlson & -herman Ry
32
Denver City RR.— See Denver City Tram.
32
Denver City Tramway
32
Denver Consol. Tram .—See Den. City Tram. 3 2
Denver & Northwestern By.
32
Derby Street Ry.— See Conn. Ry. & Ltg. Co. 15
Des Moines City Ry
32
DesMoiuesSt.RR.- SeeDesMoinesCityRy. 32
Des Moines Suburban Ry— See Des M. City. 32
Desplaines Val. Elec. — See Chic Des. Val. El. 65
Detroit & Chicago Traction.
44
6
6
6
6
BailwayCo
56
Edison Elect. 111. Co. of Lebanon, Pa.—See
United Power & Transportation
63
Edison Electric Light Co.— See Lancaster
County By. & Light
47
Egypt (111.) Electric
20
Eighth Ave. BR.—See Metron. St. Ry. Sys. 58
Electric Traction (Philadelphia, Pa.)— See
Union Traction
67
Elgin Aurora & Southern Traction
37
Elgin City Carpentersville & Aurora Ry.See Elgin Aurora & Southern Tract
37
Elgin City Ry.-See E. A. & S. Tract
37
Elizabeth Plalnfleld & Central Jersey
73
Elizabeth Street Ry.— See Eliz. Plainfleld &
.
Central .Tersey
Rv
"73
Elmlra & Horseiieads Ry.-See El. W.L.&RR.
Elinira Munlc Imp.— See El. W. L. & RK.
Elmlra & Ssneca Lake— See Rys. Co. Gen'i.
Elmlra Water Light & RB
Elm St. Conn. By.— See Met. St. By
Elm wood Ave. &Ton. Elect.—See Int. Trac
El Paso ElectricCo
.
.
37
37
66
37
57
19
37
Elwood Elect.— See Union Trac of Ind
6
Elyria Grafton & Southern— See Cleveland
Elyrla & Western By
26
Elyria & Oberlln- See Clev. Elyrla & West. 26
Empire Pass. By— See Union Traction Sys. 67
Entleld it Longmeadow Elec. By.— See
.
Hartford
&
89
Sprinsiheld
Englewood <fe Chicago
Chicago Elec Trac
Electric
.'
By.— See
22
Ei>hrata & Adamstown By.— See Lancaster
Co. By. & Lt. Co
47
Erie City Pass. By— See ErleElec Motor. ... 37
Erie Electric Motor Co
37
Paob.
Erie Bapid Transit Street By
Essex Elect. St. By—See Boston
North.. .
Essex Pass. By— See Newark Passenger By.
Evanston (lU.) Electric Ry.-See Chicago
Consolidated Traction
Evansville Electric BB
Evansville & Princeton Traction Co
Everett By. & Electric Co.
Exeter Hampton & Amesbury.— See New
Hampshire Traction Co
Exposition Traction (Charleston)
&
37
14
45
23
37
37
37
37
21
55
Fair Haven & Westville BB
airmount Park & Delaware Biver Passenger—See Germantown Passenger By.. 67
Fairmount Park & Haddington Pass. Ry
See HestonvUle Mantua & Fairmount
67
Fairmount Park Transportatl on Co
65
Fairmount Passenger Ry— See Hestonville
Mantua & Fairmount Passenger Ry
67
Fannin gtoa Street Railway
41
Federal Street & Pleasant VaUey Ry.-See
72
United Traction Svstem, Pittsburg
Ferries & Cliff House Ry.-See United B. B.
.. 84
of San Fran
Findlay & North Balto.— See Toledo Bowling Green <fe So. Traction
91
Findlay Street Ry.-See Toledo Bowling
91
Green &So. Tract
First Avenue Ry.-See Seattle Electric Co. 86
FishkiU Elec. Ry.-See Citizens' Street Ry. 38
Fitchburg & Leominster Street Ry
38
.
Florence Electric Street Ry
.,..
Flushing & College Point Elec. Ry.-See
&Queens
N. Y.
Co
Fond du Lac St. Ry. & Light
Fort Clark St. Ry. See Cent. Ry. (Peoria) .
Fort George & Eleventh Avenue RR.— See
Met. St. Ry. Sys
Fort Pitt Traction— See Cons'd Trac. (Pitts.)
Fort Scott Con. Supply Co
Fort Smith St. Ry -See Ft. Smith Tr., L.&P.
Fort Smith Traction, Light & Power
Fort Wayne Consolidated Ry.-See Foit
Wayne Traction Co
.
38
49
38
64
58
73
38
38
38
38
94
Fort Wayne Electric— See Ft. W. Traction. 38
38
Ft. Wayne & Southwestern Traction Co
Fort Wayne St. RR.— See Fort WayneTrac 38
38
Fort Wayne Traction Co
Fort Worth & Arlington Heights Street Ry.
38
-See Glen. & Poly. Coll. St. Ry
Ft. Worth St. Ry —See Northern Texas Trac 38
Forty-second Street & Grand Street Ferry
RR— See Metropolitan St. Ry. System
58
Forty-second St. Manhatv. & St. Nicholas
59
Ave. Ry— See Third Avenue System
Fountain Head RR. (Knoxville, Tenn.) -See
Ft.
V7ayne Davton
& Cin. RR
..
.
Sdpplement of Feb., 1898.
Fox Riv. Elec. Ry. & Pow. (Green Bay, Wis. 40
Framlngham Houthboro & Marlboro Street
)
& Worcester
Electric... 50
Street Ry.-See Bos50
ton
Worcester Electric Cos
Frankford El. Pass. Ry.-See Phila. Rapid
Ry.—l?ee Boston
Framlngham Union
&
Transit
..
.•
Frankford & Fairmount Park By.— See
Union Traction Co
Frankford & SouthwaTk Passenger By.—
See Union Traction System
Frankf't & Suburban Ry. (Frankfort, Ky.).
Franklin (Pa.) Electric Street Ry.-See
Venango Power & Traction Co
Frederick & Middletown Elec. Ry
FresnoCityRy
Fries Mfg. & Power Co.— See Winston-Sa-
66
68
67
38
62
38
39
--.. 93
lem St. Ry
Front St. Cable Ry.-See First Ave. Ry.,
Seattle,
Wash
Frostburg Eckhardt
& Cumberl'd Elec
86
Ry.
—See Cumberland <fe Wei-ternport
Fulton Elevated— See Kings Co. Elevated..
Fulton Street RR.— See Met. St. Ry. System
^adsden & AttaUa Union Ry.
48
17
58
94
^JW'alnesville <fe Dahlonega Electric Ry
39
39
Galesburg Electric Motor & Power
39
Galveston City Railway
Gardner Elec St. Ry.-See G.W. <fe F. St.Ry. 39
39
Gardner Westminster & Fitch. St. Ry
82
Geary Street Park & Ocean RR
General Electric Railway (Chicago, 111.)... 24
Geneva & Waterloo Ry.-See Geneva Waterloo Seneca Falls & Cayuga Lake Traction 39
Qenova Waterloo S. F. & Cayuga L. Tract. 39
47
Georgetown &. Lexington Traction Co
39
Georgetown Kowley <k Ipswich
92
Georgetown & Tenallytown Ry
Georgia Elec. Light Co.- See Georgia Ry. &
8
Elec. Co
8
Georgia Ry. ife Electric Co
Germant'n Pass. Ry—See Union Trac. Sys. 67
Gettysburg Eleo. Ry.-See May,189S,Supp.
Glens Falls Sandy Hill <fe Ft. Edward Street
40
RR.— See Hudson Valley Ry
Glen Oak & Prospect Heghts Ry.— See Peo64
ria & Prospect Heights
Glen wood & Polytechnic College St. Ry.38
See Northern Texas Traction
Globe Street Ry. (see Old Colony St. Ry.).. 14
Gloucester Essex & Beverly (see Bos.A No.) 14
Gloucester & Rockport (Mass. Elec. Cos.).. 14
Gloucester St. Ry. (see Boston <te Northern. 14
Grand Avenue See Metropolitan Street... 46
40
Gd. Rapids Gd. Haven <te Muskegon Ry
40
Gd. Rapids Holland & Lake Michigan
40
Grand Rapids Ry
Grand St. & Newto^^^l.— See Bkln.Rap.Tran. 15
86
Elec
Co.
Grant St. Electric Ry.-See Seattle
35
Granite City & St. L >uls Ry
40
Great Falls (Montana) Street Ry
Greenest Coates Sts. Philadelphia Passen67
ger Ry— See Union Traction Svstem
Green Lake Elec Ry.— See Seattle El. Co.. 86
40
Greentlold & Turners Falls Street Ry
Greenp. <feLoTiiuerSt.— SeeBklu. Rap.Tran. 15
94
Greensboro Electric Co
Greeenwloh * Sohuylersville Eleo. RR.—
40
See Hudson Valley Ry
.40
Greenwich Tramway Co
Gwynn's Falls Ry. of Bait.— See United
8
Railways & Eleo
—
INDEX TO RAILWAYS.
Faoe.
Hagerstown A Boonsboro Ry.— .~ee Hagagerstown Ry
Hagerstown Ry
Hamburg Railway Co
41
94
Clncln. Trac— See
Ham. Glendale
& Hamilton Traction Co
<fe
Hamilton
Cin.
<fe
Lindenwald
Davton& Toledo
Hammond Whiting &
Hampshire
&
41
Cin.
26
Trans.— See
El.
25
41
Traction
CM.
Eleo.
Worcester Street Ry
E.
Ry
.-
V<3
Harrlsb. City Pass.— See HarrisburgTrac. 41
Harrisburg & Mechanicsbuxg Electric Ry.. 41
Harrisburg Traction
Hartford Manchester & Rookville Tramway
Hartford & Springtield St. Ry
Hartford Street Ry
Hartford Turnpike— See United Ryw.&Elec.
Hartford & West Hartford Horse RR— See
41
41
97
Pagb.
Kinderhook & Hudson— See Albany & Hud
4'?
son Railway & Power
Klngsbridge RR.— See Union Ry
59
Kings Co. Elevated— See Brooklyn Rap.Tr. 1
Kings Co. Traction— See Nassau Electric. .. 17
Kingston City RR.— See Kingston Cons. Ry. 46
Kingston Consolidated Ry
46
KnoxvUle Street RR.— See Knoxville Trac. 46
Knoxville Traction
46
Kokomo City Street Ry.— See Kokomo Ry.
ALightCo
47
Kokomo Ry. & Light Co
47
Kutztown & Fleetwood Traction
Allentown& Kutztown
Co.
—See
6
89
41
.
. .
.
43
43
43
57
37
41
<te
Illinois River Ry.— See Ottawa Ry., Lt.
& Power Co
Indiana Electric Ry.— See Indiana Ry
Indiana Ry. (South Bend)
Indianapolis <fe Broad Ripple Rap. TransitSee Broad Ripple Traction....Indiananapolls '"olumb & South. Trac. Co.
Indianapolis & Eastern Railway Co
Indianapolis <fe Greenfield Rapid TransitSee Indianapolis & Eastern Ry
Indianapolis Greenwood & Franklin RR,—
See Ind. Greenwood & South. Trac
Ind. Leb. & Frankfort Trac— See Ind. &
Northern Traction
Indianapolis & Logansport Trai tion Co
Indianapolis & Martinsville Rap. Tran. Co.
Indianapolis Northern Traction Co.— See
Union Traction Co
Indianapolis & Northwestern Trac. Co
Indianapolis & Plaintield Electric Ry.
.
...
43
40
11
63
87
87
43
44
44
44
44
44
94
44
1
44
.
Indianapolis Street Ry
Indianapolis Traction & Terminal Co
International Ry.— See Inter. Traotioa Co..
International Traction Co. (Buffalo)
Ind. Shelby ville & Southeastern Trac. Co..
Inter-State Consolidated Street Ry
Inter-State & Leav. Ry.— See Kansas City
& Leavenworth Ry
44
43
43
19
19
44
61
47
Inter-State Railways Co
Inter-Urban R'y.— See Saginaw Val. Trac.
Inter-Urban Ry. (Des Moines)
Interur^an Ry. A Terminal Co..
Inter-urban Street Ry. (New York)
Iowa Hematite Railway
Ithaca Street Ry
.
68
81
33
25
56
94
44
Jackson & Battle Creek Traction Co
44
ackson (Miss.) Elec Ry. Lt.& Power Co. 45
Jackson (Mich.) St Ry.— See Jackson &
Suburban Traction.
44
Jackson <fe Suburban Traction Co
44
Jacksonville (Fla.) Electric Co
45
Jamestown Street Ry
45
Jasper County Electric Ry. (Carthage, Mo.)
See Southwest Missouri Elec.Webb City. 92
Jefferson Avenue Ry.— See United Rys. Co.. 81
Jeffersonvllle New Albany & Sellersburg
Electric Ry.- See United Gas
Electric 55
&
Jersey Central Traction Co
Jersey C'v& Bergen RR— SeeNo.Jer'ySt.Ry.
Jersey City Harrison & Kearney Ry. Co.—
See North Jersey St. Ry
J ersey City Hoboken & Paterson
Johnstown Passenger Ry
Jollet Railroad— See American Rys. Co
45
42
46
65
Kansas City Cable—See Metropolitan St.
Kansas City Elev. Ry— See Met. St. Ry.
Kansas City Inter-urban Ry
Kansas City-Leavenworth RR
Keokuk Elect. Ry. & Power (Iowa)
46
46
46
47
46
Keyport
<fe
Matawan
Central Traction
Key West Electric Co
St.
46
45
RR.— See Jersey
46
46
ford
Ry
47
47
47
51
94
62
63
28
35
14
Lynchburg A Rivermont Street Ry —See
Lynchburg Tract. A Light
50
Lychburg Traction A Light
50
Lynn Belt— See Boston A Northern St. Ry.. 14
LsTin A Boston RR.— See Boston A North.
StRy
14
iWlacon Consolidated
39
24
47
47
47
47
4"'
47
47
47
47
35
47
Lebanon & Annsville Street Ry.— See Lebanon Valley Street Ry
69
Lebanon VaUey Street Ry.— See United
Power & Transportation
69
Lehigh Traction
42
Lehigh Valley Traction (Allentown, Pa.)..
5
Leominster & Clinton St. Ry.— See Worcester Con. St. Ry
94
Lewlsburg MUton & Watsontown Pass.Ry.
—See Railways Co General
66
Lewistou & Auburn RR.— See Lew. Bmns.
ABath St. Ry
47
[iCwiston Brxmswick & Bath St. Ry
47
Lewiston Connecting Bridge.- See International Traction
19
Lewiston WInthrop & Augusta St. Ry.—See
Augusta Winthrop & Gardner RR
8
Lewiston & Youngstown Frontier RR
60
Lexington Avenue & Pavonia Ferry Ry
See Metropolitan Street Ry
57
LexingtonA Bos.St. Ry.-8eeBos. Sub. Eleo. 11
Lexington Railway
47
Lima Electric Ry & Light
47
.
—
.
.
94
48
48
81
88
48
48
19
7
67
Cumberland & Westemport
London (Canada) Street Ry
Long Island Electric Ry
Long Island Trac— See Brooklyn Rap. Tr.
Lookout IncUne A Lula Lake-—See Chattanooga A Lookout Mt
Lookout Point Incline Co
Lorain A Cleveland RR.— See Lake Shore
48
48
49
16
Electric
Lorain Street
28
49
49
49
Ry
Los Angeies Ry
Los Angeles Pacific RR
Los Angeles A Pasadena Elec.
cific
Electric
Ry
Los Angeles & Redondo
Los Angeles Traction
Ry.—See Pa-
Ry
21
21
49
49
49
Louisville Anchorage A Pewee Valley Ry.
—See i^ouisviUe A Eastern
50
Louisville City Ry— See Louisville Ry
50
Louisville A Eastern Ry
50
Louisville 8b Interurban Ry.— See Louisville
Ry
Louisville
Lowell
Lowell
Ry
A Boston Street Ry
A Pelham St. Ry.— See New Hamp-
shire Traction
Co
50
Madison Traction Co
50
Mahoning VaUey Rv. (Youngstown, O.)See Penn. & Mah. Val. Traction
94
Main Street A Agricultural Park RR.— See
Los Angeles Ry
49
Manchester Street Rv.— See Manchester
Tract. Light A Power
.50
M anchester Traction Light A Power Co
50
Manhattan Elevated Ry.—See Investors'
A East Lake Ry
Manistee Filer City
Mansfield Elec.
R.L.AP
St.
Ry.— See
50
Citizens' Eleo.
50
ARR
El.
W. L.
37
Marinette Gas Elect. Light A St. Ry.— See
Menominee Elec. Lt. Ry. A Power Co ... 51
Marion City Ry. (Indiana)— See Union Trac.
ol Indiana
6
Marion Street Railway (Marion, O.)
Market St. Cable Co.—See United RR.'s of
San Fran
MarketStEl Pa«8.Ry - See PhU. Rap.Trns.
Market St. Ry.— See UnitedRR. of San Fran.
Marlboro A Westboro Street Ry
Marlborough Street Ry.— See Bost. A Wore
Electric Cos
Marshalltown (Iowa) Light Power A Ry.
Maryland Traction— See United Railways A
.
50
50
94
37
.
Electric of Baltimore
City A Clear Lake Ry
Massachusetts Electric Companies
Massachusetts Securities Co. (Taunton)
50
84
66
84
94
50
51
8
Mason
51
11
^
9
RR.— See Los Angeles Ry
49
Mauch Chunk Lfhishton A Slatington Ry.. 51
McGavock A Mt. Vernon Horse RR—8ee
Mateo
47
Lima (Peru) Street Ry
ALiehtCo
'.
47
Ry.— See Kansas
Lincoln (Neb.) Street Ry.—See Lincoln
<Neb.),Trac
Lincoln (Neb.) Traction
LlndeU Ry.— See United Railways Co
Little Miami Traction Co.— See Sprin>,fleld
A Xenla Traction Co
Little Rock Traction A Eleotrlo
Lock Haven Traction— See Susquehanna
Traction
Lockport & Olcott.— See Intern. Traction.
J^ogansport Rochester A Northern. See
Ind. Northern Traction Co
Lombard A South Street Passenger Ry—See
Frankford A Southwark Pass. Ry
Lonaooning Midland A Frostburg Ry.— See
RR.— See
Street
Macon Ry. A Light Co
50
Macon Electric Light A Ry.— See Macon
I'M
Maple Avenue RR. (Elmlra)- See
60
City-Leavenworth Ry
& Lansing
City-Leavenworth Ry
Haverhill. -See Boston
SmTLEMENT.
8
La SaUe-Peru El. Ry. (see People's Lt.&Ry.) 88
Lawrence Gas Co. — See Penn. & Mah. Val.
Traction
94
Lawrence & Methuen St. Ry. —See New
Hamp. Traction Co
37
Lawrence & Reading —See Mass. Elec. Cos. 11
Leavenworth Electric RR.- See Kansas
Leavenworth
A
.
..
-
ANorthemRy
Macon Railway A Light Co
50
86 Madison City Ry.— See Madison Elect. Ry. 5'»
86 Madison Elec. Ry.— See Madison Trac. Co
50
47 Madison St. Cable Ry.— See Seattle El. Co.. 86
.
Houghton County St. Ry. (Mich.)
Houston Electric Co
Houston Elec. St. Ry.— See Houston Eleo.Co.
Houston W.St.&Pav.F.— SeeMetro'nSt.Ry.
Hudson Pelham & Salem Street Ry- See
New Hampshire Traction Co
Hudson River Traction Co
Hudson Street (N. Y.) Ry.— See Albany
Hudson Ry. & Power
Hudson Vallev Ry
Hyde Park Elect. Light (Mass. Elec. Cos.).
.
Lowell Lawrence
Ry.
Lackawanna VaUeyTraotion— See Scranton Ry
8
Lackawanna & Wyom. Val. Rap. Trans. Co.
41 Laconia Street Ry
Farmlngton Street Railway
Hart. & Wetherslield RR— See Hart. St. Ry 41 Laconia & Lakeport St. Ry.—See Laconia
41
St. Ry
Havana Electric Ry. (Cuba)
94 Lacrosse CltyRy
Havana & Jaimanltas RR
42 Lafayette Street Ry
Haverhill & Amesbury Street Ry
Haver bill & Andover (see (VTass. Elec. Co.) 11 Lake Cities Electric Ry
39 Lake Erie Traction Co
Haverhill Georgetown & Dan vers
LakeManawa & Manhattan Beach Ry —See
HaverMU & Plaistow Street Ry,— See New
37
Omaha & Coun. Bluffs Ry. & Bridge Co..
Hampshire Traction Co
Lake Out. & Riverside Ry.— See Oswego Ti.
Haverhill Flaisted & Newton- See New
37 Lake Roland EL— See United Rys. & Elec.
Hampshire Traction
Co ofBaltimore
Haverhill & Southern New Hampshire37 Lake Shore Electric (Cleveland)
See New Hampshire Traction Co
42 Lakeside Street Ry.— See Duluth Sup. Tr.
Helena G. L. & Coke—See Helena P. & L,.
42 Lakeside Ry., Mahanoy City, Pa.- See
Helena Light & Traoti(fn Co
Schuvlkill Traction
Herkimer Mohawk Ilion & Frank. Elec. Ry.
92 Lake Street Elevated RR. (Chicago, 111.) ..
—See Utica & Mohawk Valley Ry
HestonviUe Mantua & Fairmount Pass. Ry. 67 Lancaster City Street— See Lancaster Co.
Ry.&Lt.Co
Highland Park & Fruit Vale RR.— See Oak
62 Lancaster & Columbia—See Lancaster Co.
land Transit Co
Ry. &Lt. Co
Highland Park Ry— See Detroit United Ry. 33
Highland RR. (New Albany, Ind.)
55 Lancaster County Ry. & Light Co
14 Lancaster Gas Light & Fuel Co.— See LanHighland St. Ry— See West End St. Ry
caster Co. Ry. & Lt
Hingham (Mass.) St. Ry.— See Old Colony
14 Lancaster & Manheun Ry. —See Lan. Co.
St. Ry
Ry. & Light Co
42
Holyoke Street Ry
Lancaster Mechanicsburg & New Holland.
Holmesburg Tacony & Frankf ord Elec. Ry.
69 Lancaster & Millersville.- See Lancaster
—See United Power & Transportation
Home Electric Co., Dubuque, Iowa.— See
Co. Ry. &Lt. Co
Union Electric
35 Lancaster & Mt. Joy.— See Lan. County Ry.
ALlghtCo
Homestead & Highlands Street Ry.—See
Monongahela St. Ry.. PHtsburg, Pa
73 Lancaster Ry.— See Lancaster Co. Ry. & Lt.
Honolulu Rapid Transit & Land Co
42 Lancaster Willowtree Lampeter & Strasburg. — See Lancaster Co. Ry. &Lt
Hoosao VaUey Street Ry. See Pittsfleld
Electric Ry. ..
73 Lansing City Elec. Ry — SeeDet. YpsUantio
Ann Arbor & Jackson
Hooslck Ry.—See Benningt'n & Hoosicb Val. 43
43 Larchmont Horse Ry.— See N. Y. & StamHot Springs Street RR
-
Paob
LoweU A Suburban St.— See Boston A
Northern St. Ry
...
14
St.
Nashville Ry
53
McKeesp't Wilm'g A Duquesne Ry. (Pittsb.)
— See Pitts. McKeesport A Connellsv. ... 73
Meadville A Cambridge Springs Street Ry.. 51
Mechanicville A schuylervllle.- See Hudson Valley Ry
40
Medfield A Medway Street Ry. (Westwood.
Mass.)
93
Memphis A Raleigh Springs RR. See Memphis St. Ry
51
Memphis street Ry
51
Menasha A Neenah Street Ry.— See Wisconsin Traction Light A Power..
52
Menominee Electric Light Ry. A Power
51
Mercer Co. Traction—See Trenton St. Ry.
69
Merchants Electric Light Co.— See New Orleans Railway Co
56
Meriden Electric RR
51
Meriden Horse RR. — See Meriden Elec
51
Meriden Southington A Comnounoe Tram.—
See Conn. Ry. & Lighting Co
15
Meridian Light <&r Ry. Co
51
Merrimack Val. St. Ry—See LoweU Lawrence AHaverhUlSt. Ry
14
MetropoUtan Elec. See Springfield Tr. (Mo.) 88
Met. Crosstown RR— See Met. St. Ry
57
Metropolitan Ry.— See Portland (Oreg.) Ry. 74
MetropoUtan RR— (Washington, D. C.)
92
—
. .
.
.
Metropolitan RR— See West End St. Ry. ,Bos.
Metropolitan Securities Co ..
MetropoUtan St.RR— See Denver Clty.Tram.
MetropoUtan St. Ry. Kansas City, (Mo.) ...
MetropoUtan St. Ry. (N. Y.)
MetropoUtan West Side Elevated Ry. (Chi«
—
cago,
111.)
Miamisburg A Qermantown.—SeeCin. Dayton
& Toledo
Miami VaUey Ry. See Dayton
&
1
56
32
46
57
24
25
Troy
Electric Ry
32
Michigan Traction of Kalamazoo and Battle Creek —see Railways Co., General
65
Michigan A West Shore Traction Co
94
Middleboro Wareham A Buzzard's Bay
51
St. Ry
Middlesex RR— See West End St. Ry., Bost 11
Middlesex A Somerset Traction
55
Middleton A Danvers.— See Maes. Electric
11
Companies
Middletown A Bloomingsbuig Tract.—See
51
Middletown-Goshen Electric
Middletown-Goshen Electric
51
Middletown— GoshenTraction—See Middle51
town-Goshen Electric
Middletown H. A S.—See Harrlsb. Traction. 41
51
Middletown (Conn.) Street Ry
MUford Attleboro A Woonsocket St. Ry... 52
MUford (Conn.) Street Ry.— See Conn. Ry.
.
ALightingCi
MUford HoUiston A Framingham
See
!viiiford
St.
& Uxbrldge Street Ry
Ry.—
MUford A Uxbndge Street Ry
Mlllcreek VaUey RR.— See Cincinnati
HamUton
&
Traction
Millvale Etna A
AUegheny Traction
MUlviUe Traction
A
Light
MUwaukee A Wauwatosa Motor Ry.— See
MU.
Light.
52
52
26
Sharpsburg Street Ry.—See
MUwaukee Burlington A Lake Geneva RR..
Milwaukee City—See MUw. Eleo. Ry. A L..
MUwaukee Electric Ry. A Light
MUwaukee Light Heat & Traction
Milwaukee KacineA Kenosha Electric Ry.—
Bee MUwaukee Light, Heat & Traction Co.
Milwaukee Street Ry.— See MUwaukte Elevated Ry.
15
Heat A Traction
72:
52
94
52
52
52
52
52
52;
INDEX TO EAILWAYS.
«8
Pagb.
Mineola Hempstead & Freeport Tract Co.
42
— See N Y & Lt [ TraotlonCo
Mineral Ridge .v Niles Electric— See Penn.
94
Mab. Valley Traction
Minneapolis & St. Paul Suburban— See Twin
52
City R. T
Minneapolis St. Ry— See T^vin City Rap. Tr. 52
Mississippi Valley Trans.— See East St. Louis
35
& Suburban Co
81
Missouri RR.— See United Railways Co
53
Mobile Light & RR
Mobile Street RR.-See Mobile Light & RR. 53
Mobile & Spring Hill RR.-See Mo. Lt. & RR. 53
Moline Central Street Ry.— See Tri-City Ry. 31
48
Mounaouth County Electric
Monmouth Tract.— See Camden & Trenton. 20
73
Monongahela Street Railway
Montgomery & Chester Electric Ry.—See
PhtenlxGHSA Electric Co
Montgomery Street Ry
Moutgom'y Sub. St. Ry.— See. Mont.
Montgomery Traction Co
70
53
St.
Ry. 53
Montreal (Can.) Street Ry
Montviile St. Ry
Montoursville Pass.
General
Ry — See Railways Co.,
94
53
£3
81
>
Mt. Auburn Cable Railway.. ( nati St. Ry. 5
Mt. Oliver Incline Plane Ry.— See P. & B.
^^
72
Multnomah St. Railway— See Portland Ry.. 74
Munoie And. & Ind.—See Union Tr. of Ind.. 6
53
Muncie Hartford & Ft. Wayne Crao. Co
Muscatine Elec. Ry.— See Cit. Ry. & Lt. Co. 53
Muskegon Ti action & Lighting Co
53
Myersv. <te Catoctin Ry.— bee Fred.& Middle 38
Mystic Valley St. Ry.— See Boston & North14
ern St. Ry.)
Traction system
f^ anticoke St. Ry.— See Wilk. & W. V.
i-^ ashua Street Ry. (Mass. Eleo. Co. V)
Tr. 69
RR—
Nashville & Edgefield
See Nash. Ry.. . .
Nashville Railway
Nashville Street Ry.— See Nashville Ry
Nashville & Suburban Ry.— See Nashv'e Ry.
Nassau Electric
See Bklyn. Rap. Tr.
National Ry., St. Louis,- See Unit'd Rys. Co.
RR—
.
.
14
53
53
53
53
17
81
Naumkeag St. Ry—See Lynn & Boston RR. 14
Needham & Boston- See Old Colony St. Ry. 14
Negaunee & Ishpeming St. Ry.
Neshaminv Elevated RR.— See
&
i-
lectrio.
.
New Albany
Newark
St.
55
Phila. Bris-
tol & Trenton Pass. RR
Netherlands Tramway Corporation
Nevada County Traction Co
65
f^5
94
RR.-See Un. Gas & Elec. 55
Elec—See Newark &
Con.
(O.)
Granv. Elec.
St.
Ry
Newark (O.) Granville Electric Street Ry.
Newark & Hackensack Traction
Newark Pass. Ry.— See North Jer. St. Ry...
Newark Plank Road— See No. Jersey St. Ry.
Newark & So. Or. Ry.— See Nor. Jer. St. Ry.
<i:
New Bedford Middleb. & Brockton— See
Old Colony St. Ry
New Bedford Onset Street Ry
New Bran 8 wick City Ry.— See Middlesex &
<fe
Somerset Tr
60
60
45
45
45
45
zens Elec
s-t.
Sub. Elec
Street Ry.— See Boston Sub. Elec.
Newtonville & Watertown Street Ry. See
Boston Sub. Eleo.
Newtown Elec. St. Ry.— See Rys. Co. Gen'L
Newtown liy.—See N. Y. & Queens Co. Ry.
Newtown & Yardley-See N. J. & Penn.
Traction Co
New Williamsburg & Flatbush RR.-See
Brooklyn Rapid Transit
N. Y. Elmsford & White Plains.— See Tarry-
town W. P. AMamar. Eleo. Ry
NewYork&HarlemRR.-SeeMet.8t.Ky.Sy8.
N. Y. & Long Island Traction
N. Y.& North Sh. Ry. - See N. Y & (Queens Co.
New York & Phila. Traction- See Middle-
& Somerset Traction
New York & Port Chester Ry
New York & Queens County Ry.,
sex
L.
I.
19
60
e«»
58
61
Norfolk & Bristol St. Ry
61
Norfolk Cen. St. Ry.— See OldC lony St.Ry. 14
Norfolk (Va.) City RR— See Norfolk Ports.
mouth & Newport Newp Co
61
Norfolk (Va.) & Ocean View RR.- See Norfolk Portsmouth & Newport News Co
61
Norfolk Portsmouth & Newport News Co.
61
.
Norfolk (Va.) Ry.
Portsmouth
&
Light.- See Norfolk
& Newport News Co
St.
Ry.
61
See Norfolk
Bristol
&
..
61
Norfolk (Va.) Street RR.-See Norfolk Ports-
mouth & Newport News Co
61
Norfolk Suburb. RR.— SeeOldColonySt.Ry. 14
Norfolk Western
93
Northampton Street Ry
61
Northampton & Amherst St. Ry
61
8
No. Augusta Electric & Imnrovement Co..
North Chic. Elec. Ry.- See Chic Consol.. .. 23
North Chicago Street RR
123
North Detroit Elec— See Detroit United Ry. 33
North End Street Ry—See Worcester Cons. 94
Northern Electric Ry. (Chicago)
24
North Greenfield & Waukesha Eleo. —See
Milwaukee Light, Heat & Traction
52
North Hudson County Ry. (Hoboken, N. J.) 42
North Jersey St. Ry. (Jersey City, N. J.)... 45
North Park Street Ry. (Grand Rapids, Mich.) 40
North Side Consolidated St. RR. (Chatt.)... 21
North Side Electric Ry.— See Chicago Con.
Traction
23
North Side Passenger Ry. (Pittsburg)— See
Citizens' Traction
J
72
North Side Traction—See United JTraetion
(Pittsburg)
71
Northern Texas Traction (Ft. Worth)
38
North Woburn St.— See Boston & Northern. 14
Northern Ohio Traction & Light Co
5
North. Ohio Tr.— See N. O. Tr. & Lt. Co
5
Northern Ry. & Improvement Co.
38
Northwestern Elevated (Chicago)
24
Norton & Attleb'gh— See Norton & Taunton 61
Norton & Taunton Street Ry..
61
Norwalk Gas & Elec. Co.— See Cleveland &
26
Southwestern Traction
Norwalk St. Ry.—See Conn. Ry. & L'g Co.. i5
NorwalkTramway.— See Conn. Ry.&Ltg.Co. 15
61
Norwich Street Ry
.
OaklaudSyndicate— See Oakland Tr Co...
Oakland San Jose RR
Oakland San Leandro & Haywards Electric
—See Oakland Transit Consolidated
Oakland Transit Consolidated
Observatory Hill Pass. Ry.— See Federal St.
& Pleasant VaUey Ry
Ogden Street Ry— See Chicago Con.Traction
Ogdensburg Gas.— See St. Law. Gas, &o.
Odgensburg Power & Light.— See St. Lawrence Gas, Elec & Trans. Co
Ogdensburg Street Ry.—See St. Lawrence
Gas. Eleo. & Trans. Co
60
93
94
94
94
56
37
55
55
40
6
88
45
56
56
56
56
<fc
Newton
News Co
19
55
60
Ry
& Newport
19
Oakland Consolidated Street Ry.— See
Oakland Transit Co
62
Oakland RR-See Oakland Transit Co
62
Citi-
New Castle & Delaware City— See Wilmington & New Castle
New Castle Electric Co.— See Penn. & Mah.
Valley Tractif^n
New Castle & Lowell.— See Penn. & Mah.
Valley Traction
New Castle Tiaction.—See Penn. & Mah.
Valley Traction
New England Street Ry
New Hampshire Traction Co
New Haven & Centreville Street Rv.— See
Fair Haven & Westville RR
New Haven Street Ry.— See Fair Haven &
Westville RR
New Jersey <& Hudson River Ry. & Ferry..
New Jersey & Pennsj Ivanla Traction
New Jersey & Staten Island Ferry Co.— See
Richmond Light & RR. Co
New Jersey Traction—See Con. Trac Sys..
New London Street Ry
New Orleans & CarroUton RR. Light &
Power Co.— See New Orleans Ry
New Orleans City RR.— See New Or. Ry..
New OrL City & Lake RR.— See N. O. Ry...
Pontchartrain Ry.— See
New Orleans
New Orleans Railways Co
New Orleans Ry. Co
New Orleans & Southwestern RR
New Paltz & Poughkeepsie Traction Co...
Newport & Dayton Street Ry— See Cincinnati Newport & Covington
Newport Illumiuating— See Newport & Fall
River
Newport St. Ry.— See Newport & Fall River
Newport & Fall River Street Ry.— See
Old Colony Street Ry
Newport NewsA Old Point Ry. & Electric—
See Norfolk Ports. & Newport News Co..
Newton & Boston Street Ry.— See Boston
mouth
60
14
55
Newbuig Elec. Ry.— See Orange Co. Trac... 60
Newburg & Orange Lake RR.-See Orange
County Traction
Newburyport & Amesbury RR.-See
—
Niagara Falls & Lewiston See Niag.Goi ge
Niagara Falls Pk. & River-See Int. Trac.
Niagara Falls & Suspension Bridge Ry.
See International Traction
Niagara Falls Whirlpool <fc Northern Ry.
See International Traction
Niagara Gorge RR. (Klectric)
Niagara St. Catherines & Torouto Ry..
Ninth Avenue RR.-See Metro. St. Ry. Sys..
Norfolk & Atl. Term.- See Norfolk Ports-
Norfolk Southern
66
Mound City RR-See United Rys. Co
Mt. Adams & Eden Pk. Incl. < See Cincin-
New York * Stamford Ry
60
New York & Staten Island Electric Co.— See
Richmond Light & RR. Co
88
N. Y. West. &Coun. Trac— See Met. Sec Co. 56
56
56
94
94
29
15
15
15
61
11
11
<fe
t2
94
62
62
72
23
62
62
62
b9
Ohio Central Traction (Gallon. Ohio)
Ohio River Elec. Ry. & Power
74
Ohio Vallev Elec. Co. of Bellevue— See
Philadelphia Co....
94
Oil City St. Kv.-See Venango Power & Tr 62
14
Old Colony St. Rv —See Mass. Elec. Co.'s
Old Domini jn Ry.— See Norlolk Ports61
mouth & Newport NewsCo
62
Clean Rock City & Bradford Ry
62
Clean Street Ry
Oley Valley Rv.— See United Traction Co.. 69
62
Omaha & (Council BluflFs Ry. & Bridge
62
Omaha & Council Bluffs Htreet Ry
Omaha Council Bluffs & Suburban Ry.—
62
See Omaha & C. B. Ry. & Bridge Co
Omaha St. Ry.-See Omaha & C. B. St. Ry. 62
84
Omnibus Cable Ry—See Un. RRs. of 8. F..
94
Oneida Traction Co
Oneonta Coopertown& Richfield Sngs. Ry.. 62
20
Ontario Lt. &Tr. (Canandalgua. N. Y.)
60
Orange County TraotlonCo
62
Orange Mountain Traction
Orange & Newark—See Newark Passenger. 45
63
Orange & Passaic Valley Ry
74
Oregon Water Power & Railway Co
56
Orleans RR.-See NewOrleans Ry
63
Ossinlng Elec. Ry.-See West. Trac. Co.
63
Oswego Traction
63
Ottawa Railway Light & Power
Ottumwa Electric & Steam— See Ottumwa
63
Traction & Light Co
63
Ottumwa Elec. Ry.-See Ott. Trac & Lt
63
Ottumwa Traction & Light Co
63
Owensboro City RR
7
Oxford Lake Line (Annlston. Ala. )
.
11
66
49
6
15
60
58
42
49
55
94
City. 49
Pacific Electric Ry
aolflc L. & P. Co.— See Los Angeles Ry..
Paducah City Ry. Co
Paducah Ry. & Light— See Paducah City Ry.
Palisades RR.-See Jer. C. Hob. <fe Paterson
Palmer & Mouson—See Springfield & East.
49
49
63
63
42
64
Paris Transit Co
64
94
Parker8l)urg Interurban Ry
Park City Rail way.— See Bowling Green Ry. 16
Park & Cliff House—See United RRs. of San
Francisco
84
Park & Ocean RR.-See United RRs. of San
84
Francisco
Pasadena
Electric
& Mount Lowe Ry— See
Ry
Paqb.
Traction— See
45
Pass. * Belt Ry— See Lexington Ry
47
Paterson Central Electric Railway.— See
J. C. Hoboken & Paterson
42
& Newark Electric
St. Ry
Passaic
North Jersey
Paterson City Railway— See J. C. Hoboken
& Paterson
Paterson Horse RR.-See J. C. Hoboken &
Paterson
Paterson Passaic & Rutherford—-See J. C.
Hoboken & Paterson
Paterson Railway— See Jersey City Hoboken <Se Paterson
Pawoatuck Valley Street Ry
Pawtucket Street Ry—See United Traction
'.
<si Electric
Peekshill Lighting &
Peekskill Traction— See Peekskill L.
Penn .\rgyle El. Light— See Lehigh
RR
49
42
42
42
93
74
64
RR. 64
VaUey
Traction
Pennsylvania Motor— See Easton Con. El..
Pennsylvania .V Ohio Ry
Pennsylvania & Mahoning Valley Trac. Co.
Pennsylvania Trac— See Lan.Co.Ry.& I.gt.
Penn Street Passenger Ry. (Pittsburg)—See
Citizens' Tiaction
Penobscot Central Ry. (Bangor, Me.)
People's Elec— See Springfield Consol
People's Gas & Electric Co. (Burlington)See Burlington Ry. & Light Co
People s Light & Railway Co
People's Passenger Ifcy—See Union TraotlonSystem
People's Railroad— See Syracuse Rapid
5
6
6
@FedFRASER